Morningstar Indexes | Reconstitution Report Page 1 of 13 Morningstar® Global Markets ex-US IndexSM 18 June 2021
The Morningstar® Global Markets ex-US IndexSM is designed to provide exposure to the top 97% market capitalization in each of two economic For More Information: segments, developed markets, excluding the United States, and emerging markets. http://indexes.morningstar.com US: +1 312 384-3735 Europe: +44 20 3194 1082
Top Additions
Developed Markets ex US Name SEDOL Country Market Cap ($Mil) Float Market Cap ($Mil) Weight Change % PKO Bank Polski SA B03NGS5 Poland 13,451 9,282 0.04 KGHM Polska Miedz SA Br 5263251 Poland 10,683 7,264 0.03 Polski Koncern Naftowy SA 5810066 Poland 9,392 6,387 0.03 Powszechny Zaklad Ubezpieczen SA B63DG21 Poland 8,922 5,888 0.03 Bank Pekao SA 5473113 Poland 6,953 4,658 0.02 LPP SA 7127979 Poland 5,475 3,887 0.02 CD PROJEKT RED SA 7302215 Poland 5,053 3,537 0.01 Dino Polska SA BD0YVN2 Poland 6,998 3,429 0.01 ALLEGRO EU S.A. BMBQDF6 Poland 16,106 3,382 0.01 Whitecap Resources Inc. B418WK4 Canada 3,336 3,069 0.01 Polskie Gornictwo Naftowe B0L9113 Poland 10,009 2,803 0.01 Santander Bank Polska SA 7153639 Poland 7,010 2,313 0.01 Cyfrowy Polsat SA B2QRCM4 Poland 5,204 2,238 0.01 Polska Grupa Energetyczna SA B544PW9 Poland 5,124 2,203 0.01 Allfunds Group plc BNTJ354 Netherlands 12,349 2,099 0.01 Pacific Basin Shipping Ltd. B01RQM3 Hong Kong 1,922 1,922 0.01 NexGen Energy Ltd. B987K72 Canada 2,294 1,744 0.01 Uniti Group Ltd BD2PHG8 Australia 1,688 1,688 0.01 ING Bank Slaski SA 4132341 Poland 6,589 1,647 0.01 Kety 5216385 Poland 1,589 1,589 0.01 Orocobre Ltd B293GJ4 Australia 1,794 1,579 0.01 Interfor Corporation BMJ71W4 Canada 1,558 1,558 0.01 Mitie Group 465740 United Kingdom 1,532 1,532 0.01 Galaxy Resources Ltd B1LJTM7 Australia 1,526 1,526 0.01 Deterra Royalties Ltd BJP5T05 Australia 1,840 1,472 0.01 Intertape Polymer Group Inc 2459901 Canada 1,429 1,429 0.01 Deliveroo Holdings Plc BNC5T39 United Kingdom 6,149 1,414 0.01 Asseco Poland SA 5978953 Poland 1,567 1,411 0.01 Restaurant Group Plc B0YG1K0 United Kingdom 1,394 1,394 0.01 Galaxy Digital Holdings Ltd BD5H1G9 Canada 1,642 1,379 0.01
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Top Additions
Emerging Markets Name SEDOL Country Market Cap ($Mil) Float Market Cap ($Mil) Weight Change % Baidu.com Class A B0J2D41 China 51,464 51,464 0.52 Bilibili Inc - Class Z BLF8533 China 32,914 24,357 0.25 ZTO Express (Cayman) Inc. Class A BMZ1C83 China 26,382 20,051 0.20 Trip.com Group Ltd BNYK8H9 China 22,454 17,290 0.17 New Oriental Education & Technology BN4MKV3 China 16,998 14,958 0.15 Zai Lab Limited BMGWNM6 China 15,267 12,061 0.12 GDS Holdings Ltd. Class A BMG40P4 China 13,953 8,930 0.09 Huazhu Group Limited BM9BXQ4 China 18,313 8,241 0.08 RLX Technology Inc. Class A ADR BMBKL76 China 9,031 6,863 0.07 Midea Group Co., Ltd. A BD5CPP1 China 81,518 6,521 0.07 GCL-Poly Energy Holdings Ltd. B28XTR4 China 6,393 4,795 0.05 Autohome Inc - S BMV33M4 China 8,611 4,133 0.04 KT Corp 6505316 South Korea 7,769 3,807 0.04 BANK JAGO TBK PT BYZ0ZJ6 Indonesia 12,577 3,270 0.03 SK Bioscience CoLtd BMG75K3 South Korea 10,813 2,811 0.03 Orient Overseas (International) Ltd. 6659116 China 11,060 2,765 0.03 Sendas Distribuidora SA BMZ9R04 Brazil 4,410 2,558 0.03 Elang Mahkota Teknologi Tbk PT B5NM8S1 Indonesia 9,747 2,534 0.03 Petro Rio S.A. BYY0144 Brazil 3,372 2,529 0.03 Tata Elxsi Ltd 6211204 India 3,243 1,783 0.02 Persistent Systems Ltd B28SM03 India 2,631 1,710 0.02 Sumber Alfaria Trijaya Tbk PT BCDBLJ9 Indonesia 3,556 1,636 0.02 MR. D.I.Y. Group (M) Bhd BN4JBJ9 Malaysia 5,684 1,535 0.02 Companhia Paranaense de Energia Units BNG2FH2 Brazil 3,289 1,480 0.01 FocalTech Systems Co Ltd B1Z81M4 Taiwan 1,887 1,396 0.01 Kintor Pharmaceutical Ltd BMDWVN6 China 2,792 1,368 0.01 Controladora Vuela Compania de Aviacion S.A.B. de C.V. BDZDPH6 Mexico 1,918 1,362 0.01 Jinke Smart Services Group Co Ltd - H Shares BKPJ9S2 China 1,286 1,286 0.01 Motus Holdings Ltd. BDRN3H0 South Africa 1,309 1,204 0.01 Remegen Co Ltd- H Shares
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Top Deletions
Developed Markets ex US Name SEDOL Country Market Cap ($Mil) Float Market Cap ($Mil) Weight Change % Tikkurila Oy B61QPN6 Finland 1,805 1,481 0.01 E-L Financial Corp Ltd 2306386 Canada 2,898 1,391 0.01 Societe Fonciere Lyonnaise S.A. 4643304 France 5,173 931 0.00 Mitani Corp 6596473 Japan 1,894 852 0.00 Pharming Group NV B8RC747 Netherlands 780 780 0.00 Bank of Georgia Group Plc BF4HYT8 United Kingdom 886 700 0.00 Sagicor Financial Company Ltd BKP9056 Canada 784 580 0.00 SK Kaken Co Ltd 6826578 Japan 1,125 574 0.00 Fisher James & Sons 339500 United Kingdom 667 560 0.00 EPS Holdings Inc 6367486 Japan 759 554 0.00 Karnov Group AB BJBMWP6 Sweden 609 548 0.00 Yokohama Reito Co 6986483 Japan 484 484 0.00 Noritake Co 6641522 Japan 567 477 0.00 Resolute Mining Ltd 6410636 Australia 476 476 0.00 Toho Bank 6893806 Japan 469 469 0.00 Tomony Holdings Inc B6391L3 Japan 442 442 0.00 Broadleaf Co Ltd B7VB4G4 Japan 469 436 0.00 VP Bank AG A registered shares BYV1ST4 Switzerland 750 435 0.00 Bank of Nagoya 6620093 Japan 432 432 0.00 Taihei Dengyo Kaisha 6869948 Japan 491 432 0.00 Ryosan Co 6763200 Japan 458 431 0.00 Furukawa Co 6357603 Japan 473 430 0.00 Hosokawa Micron Corp 6439879 Japan 479 412 0.00 Senshu Ikeda Holdings B40T3T4 Japan 410 410 0.00 World Co Ltd BDFLJY5 Japan 482 410 0.00 Scales Corporation Ltd BNGY4V5 New Zealand 481 409 0.00 Nippon Koei Co 6642343 Japan 452 407 0.00 Daito Pharmaceutical Co Ltd B6293R4 Japan 426 404 0.00 Qol Holdings Co Ltd B11V893 Japan 542 401 0.00 Hyakujushi Bank 6659707 Japan 398 398 0.00
©2021 Morningstar, Inc. All rights reserved. Morningstar and the Morningstar logo are either trademarks or service marks of Morningstar, Inc. Reproduction by any means is prohibited. While data contained in this report are gathered from reliable sources, accuracy and completeness cannot be guaranteed. The publisher does not give investment advice or act as an investment advisor. All data, information, and opinions are subject to change without notice. Morningstar Indexes | Reconstitution Report | 18 June 2021 Page 4 of 13 Morningstar® Global Markets ex-US IndexSM
Top Deletions
Emerging Markets Name SEDOL Country Market Cap ($Mil) Float Market Cap ($Mil) Weight Change % Baidu.com B0FXT17 China 51,174 51,174 0.52 Bilibili Inc. BFNLRN6 China 32,709 24,859 0.25 ZTO Express (Cayman) Inc. BYYDFN0 China 26,192 19,906 0.20 Trip.com Group Ltd BK1K3N2 China 22,252 17,134 0.17 New Oriental Education & Technology B1CN1G6 China 16,234 14,286 0.15 Zai Lab Limited BD9GVY0 China 15,780 12,624 0.13 PKO Bank Polski SA B03NGS5 Poland 13,451 9,282 0.10 GDS Holdings Ltd. ADR A BD6FLL7 China 14,217 9,099 0.09 Huazhu Group Limited ADR BFMFKK7 China 18,262 8,218 0.08 KGHM Polska Miedz SA Br 5263251 Poland 10,683 7,264 0.07 Polski Koncern Naftowy SA 5810066 Poland 9,392 6,387 0.07 Powszechny Zaklad Ubezpieczen SA B63DG21 Poland 8,922 5,888 0.06 Powerchip Semiconductor Manufacturing Corp BJBXT36 Taiwan 8,118 5,277 0.05 Bank Pekao SA 5473113 Poland 6,953 4,658 0.05 Macquarie Korea Infrastructure B10S8B7 South Korea 4,239 4,027 0.04 Autohome Inc BH5QGR0 China 8,247 3,959 0.04 LPP SA 7127979 Poland 5,475 3,887 0.04 CD PROJEKT RED SA 7302215 Poland 5,049 3,534 0.04 Dino Polska SA BD0YVN2 Poland 6,998 3,429 0.04 ALLEGRO EU S.A. BMBQDF6 Poland 16,106 3,382 0.04 Polskie Gornictwo Naftowe B0L9113 Poland 10,009 2,803 0.03 Santander Bank Polska SA 7153639 Poland 7,010 2,313 0.02 Cyfrowy Polsat SA B2QRCM4 Poland 5,204 2,238 0.02 Polska Grupa Energetyczna SA B544PW9 Poland 5,124 2,203 0.02 Beijing Oriental Yuhong Waterproof Technology Co Ltd A BD5CFP1 China 21,464 1,717 0.02 ING Bank Slaski SA 4132341 Poland 6,589 1,647 0.02 Kety 5216385 Poland 1,586 1,586 0.02 Asseco Poland SA 5978953 Poland 1,567 1,411 0.01 Grupa Lotos SA B0B8Z41 Poland 2,696 1,267 0.01 Companhia Paranaense de Energia Pref B 2200154 Brazil 1,564 1,235 0.01
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Weights By Sector
Developed Markets ex US
Sector Previous (%) Current (%) Financial Services 17.78 17.80 Industrials 16.05 16.00 Consumer Cyclical 11.25 11.38 Healthcare 10.83 10.77 Technology 9.37 9.39 Consumer Defensive 9.18 9.12 Basic Materials 8.49 8.54 Communication Services 5.22 5.12 Energy 4.15 4.20 Real Estate 4.21 4.20 Utilities 3.31 3.31 0 5 10 15 20
Emerging Markets
Sector Previous (%) Current (%) Technology 18.61 18.71 Financial Services 18.47 18.10 Consumer Cyclical 14.71 14.70 Communication Services 11.63 11.55 Basic Materials 8.78 8.80 Consumer Defensive 6.11 6.15 Industrials 5.73 5.95 Healthcare 5.50 5.71 Energy 5.10 4.97 Real Estate 2.79 2.82 Utilities 2.41 2.39 0 5 10 15 20
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Weights By Country
Developed Markets ex US
Country Previous (%) Current (%) Japan 22.90 22.51 United Kingdom 13.38 13.41 Canada 9.65 9.71 France 9.01 8.98 Switzerland 7.94 7.89 Germany 7.69 7.67 Australia 6.48 6.53 Sweden 3.94 3.95 Netherlands 3.71 3.72 Hong Kong 2.54 2.55 Italy 2.26 2.25 Spain 2.18 2.16 Denmark 2.05 2.02 Singapore 1.17 1.17 Finland 1.12 1.12 Belgium 1.04 1.03 Norway 0.82 0.86 Ireland 0.57 0.58 Israel 0.57 0.57 New Zealand 0.37 0.38 Poland 0.00 0.34 Austria 0.29 0.29 Portugal 0.16 0.16 0 5 10 15 20 25
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Weights By Country
Emerging Markets
Country Previous (%) Current (%) China 34.43 34.50 South Korea 14.14 14.35 Taiwan 13.79 13.89 India 11.40 11.64 Brazil 5.10 5.16 South Africa 3.76 3.77 Russian Federation 2.84 2.80 Saudi Arabia 2.52 2.49 Thailand 1.76 1.81 Malaysia 1.69 1.70 Mexico 1.68 1.68 Indonesia 1.24 1.34 Philippines 0.73 0.75 United Arab Emirates 0.73 0.72 Qatar 0.66 0.65 Kuwait 0.57 0.58 Chile 0.48 0.49 Turkey 0.42 0.44 Colombia 0.25 0.25 Greece 0.24 0.24 Hungary 0.22 0.22 Peru 0.11 0.11 Czech Republic 0.11 0.11 Egypt 0.10 0.09 Pakistan 0.07 0.07 Poland 0.80 0.00 0 5 10 15 20 25 30 35
©2021 Morningstar, Inc. All rights reserved. Morningstar and the Morningstar logo are either trademarks or service marks of Morningstar, Inc. Reproduction by any means is prohibited. While data contained in this report are gathered from reliable sources, accuracy and completeness cannot be guaranteed. The publisher does not give investment advice or act as an investment advisor. All data, information, and opinions are subject to change without notice. Morningstar Indexes | Reconstitution Report | 18 June 2021 Page 8 of 13 Morningstar® Global Markets ex-US IndexSM
Top TOS Changes
Developed Markets ex US Total Outstanding Shares Name SEDOL Country Previous (Million) Current (Million) Change % Z Holdings Corp 6084848 Japan 4,824 7,655 58.70 Just Eat Takeaway.com NV BYQ7HZ6 Netherlands 149 211 42.10 Golden Ocean Group Ltd. BDCHQL2 Norway 143 201 40.40 Mitchells & Butlers Plc B1FP6H5 United Kingdom 429 596 38.90 Embracer Group AB - B shares BK5MWJ3 Sweden 340 467 37.60 Air France 4916039 France 481 643 33.60 Frasers Property Limited BH7T0P3 Singapore 2,933 3,916 33.50 Intact Financial Corporation B04YJV1 Canada 143 176 23.10 Dufry AG B0R80X9 Switzerland 75 91 20.60 WELL Health Technologies Corp. BF1H8W2 Canada 163 196 20.00 LXI REIT PLC BYQ46T4 United Kingdom 521 622 19.30 Delivery Hero AG BZCNB42 Germany 209 249 19.20 Euglena Co Ltd B93SWL8 Japan 93 110 17.80 SoftBank Group Corp 6770620 Japan 2,090 1,723 -17.60 G-7 Holdings Inc 6034188 Japan 27 22 -17.40 Property & Building Corp (Isrl) 6705741 Israel 6 7 17.20 Diversified Energy Company PLC BYX7JT7 United Kingdom 849 708 -16.70 Anges Inc 6542874 Japan 133 153 15.00 Sharp Corp 6800602 Japan 532 612 14.90 Royal Holdings Co Ltd 6754583 Japan 40 45 14.70 First Majestic Silver Corp 2833583 Canada 223 251 12.90 Scout24 AG BYT9340 Germany 106 92 -12.90 THG Plc BMTV739 United Kingdom 971 1,095 12.80 Oceania Healthcare Ltd BD6DH46 New Zealand 623 702 12.60 VNV Global AB BMTCQY6 Sweden 95 107 12.30 Target Healthcare REIT Ltd BJGTLF5 United Kingdom 457 512 11.80 Webjet Ltd 6015815 Australia 339 379 11.70 Resona Holdings Inc 6421553 Japan 2,832 2,512 -11.30 Bygghemma Group First AB BD45357 Sweden 109 121 11.30 goeasy Ltd. BYR11M2 Canada 15 16 10.80
©2021 Morningstar, Inc. All rights reserved. Morningstar and the Morningstar logo are either trademarks or service marks of Morningstar, Inc. Reproduction by any means is prohibited. While data contained in this report are gathered from reliable sources, accuracy and completeness cannot be guaranteed. The publisher does not give investment advice or act as an investment advisor. All data, information, and opinions are subject to change without notice. Morningstar Indexes | Reconstitution Report | 18 June 2021 Page 9 of 13 Morningstar® Global Markets ex-US IndexSM
Top TOS Changes
Emerging Markets Total Outstanding Shares Name SEDOL Country Previous (Million) Current (Million) Change % SDIC Capital Co Ltd A BYYFJ78 China 4,227 6,425 52.00 Chow Tai Seng Jewellery Company Limited BFCCQP5 China 731 1,096 50.00 Pinduoduo Inc ADS BYVW0F7 China 874 1,253 43.40 Beijing Shiji Information Technology Co. Ltd. A BD5CMX8 China 1,071 1,500 40.00 DL Co Ltd 6249584 South Korea 15 21 35.70 Hyundai Autoever Corp BJP54Q6 South Korea 21 27 30.60 Tianfeng Securities Co Ltd A BK94886 China 6,666 8,666 30.00 L & F Co 6578608 South Korea 28 35 25.30 CNHTC Jinan Truck Co. Ltd. A BFCCPZ8 China 671 839 25.10 Tencent Music Entertainment Group ADR-A BFZYWR2 China 671 835 24.50 Yang Ming Marine Trans Corp 6987583 Taiwan 2,623 3,168 20.80 Qianhe Condiment and Food Co Ltd A BK94831 China 666 799 20.00 Bank of Changsha Co Ltd A BK94875 China 3,422 4,022 17.50 PT Smartfren Telecom Tbk Class A B7LLC71 Indonesia 263,263 308,075 17.00 Agora, Inc. ADR BMVLMK9 China 83 97 16.90 InnoCare Pharma Ltd BK8K0W3 China 1,289 1,500 16.30 NavInfo Co Ltd A BD5CKR8 China 1,961 2,281 16.30 CPN Retail Growth Leasehold REIT BF5BKP7 Thailand 2,212 2,568 16.10 Haier Smart Home Co Ltd - H Shares BLD4QD0 China 2,448 2,820 15.20 AirAsia Group B03J9L7 Malaysia 3,342 3,812 14.10 Shanghai Jin Jiang International Hotels Co Ltd A BP3RD03 China 802 914 14.00 Doosan Heavy Indust &Construct; 6294670 South Korea 375 422 12.80 BIMB Holdings Bhd 6100379 Malaysia 1,854 2,076 12.00 Korean Air Lines Co 6496766 South Korea 312 348 11.40 A-DATA Technology 6718943 Taiwan 229 254 11.10 SK Telecom Co Ltd 6224871 South Korea 81 72 -10.80 GOME Retail Holdings Ltd B01Z8S7 China 21,553 23,833 10.60 Gudeng Precision Industrial Co Ltd B58Y4R3 Taiwan 76 84 10.60 Omega Geracao SA BF2VKB6 Brazil 220 197 -10.50 CMGE Technology Group Ltd BK22995 China 2,510 2,768 10.30
©2021 Morningstar, Inc. All rights reserved. Morningstar and the Morningstar logo are either trademarks or service marks of Morningstar, Inc. Reproduction by any means is prohibited. While data contained in this report are gathered from reliable sources, accuracy and completeness cannot be guaranteed. The publisher does not give investment advice or act as an investment advisor. All data, information, and opinions are subject to change without notice. Morningstar Indexes | Reconstitution Report | 18 June 2021 Page 10 of 13 Morningstar® Global Markets ex-US IndexSM
Top Float Changes
Developed Markets ex US Float Name SEDOL Country Previous % Current % Change % Current Market Cap ($Million) THG Plc BMTV739 United Kingdom 38 70 32 9,515 Z Holdings Corp 6084848 Japan 55 35 -20 35,052 SolGold PLC B0WD0R3 United Kingdom 46 66 20 1,072 HIS Co Ltd 6400433 Japan 50 66 16 1,761 Just Eat Takeaway.com NV BYQ7HZ6 Netherlands 54 68 14 19,364 Intact Financial Corporation B04YJV1 Canada 100 86 -14 24,452 Ceres Power Holdings Plc BG5KQW0 United Kingdom 50 62 12 2,664 Royal Holdings Co Ltd 6754583 Japan 90 78 -12 961 CELLINK AB Registered Shs -B BKMFJ94 Sweden 62 73 11 2,738 Resona Holdings Inc 6421553 Japan 84 95 11 10,381 Crescent Point Energy Corp B67C8W8 Canada 100 91 -9 2,705 Oncopeptides AB BZBZTD4 Sweden 66 75 9 851 The Warehouse Group Limited 6939625 New Zealand 23 32 9 836 Daiichi Sankyo Co Ltd B0J7D91 Japan 86 94 8 45,649 Frasers Property Limited BH7T0P3 Singapore 13 21 8 3,514 G-7 Holdings Inc 6034188 Japan 41 49 8 578 Colliers International Group Inc. BYL7SB4 Canada 79 72 -7 5,051 Isuzu Motors 6467104 Japan 73 80 7 10,865 CA Immobilien Anlagen AG 5681046 Austria 72 66 -6 4,588 Air Canada BSDHYK1 Canada 100 94 -6 8,409 SoftBank Group Corp 6770620 Japan 79 73 -6 125,574 Mitchells & Butlers Plc B1FP6H5 United Kingdom 49 43 -6 2,554 Property & Building Corp (Isrl) 6705741 Israel 31 37 6 854 Jafco Group Co Ltd 6471439 Japan 95 100 5 2,018 Dottikon ES Holding AG BNDRF25 Switzerland 16 21 5 3,333 Bavarian Nordic AS 5564619 Denmark 95 100 5 2,932 London Stock Exchange Plc B0SWJX3 United Kingdom 69 64 -5 55,210 WELL Health Technologies Corp. BF1H8W2 Canada 69 74 5 1,294 Elkem ASA BG0T3J8 Norway 42 47 5 2,361
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Top Float Changes
Emerging Markets Float Name SEDOL Country Previous % Current % Change % Current Market Cap ($Million) DL Co Ltd 6249584 South Korea 78 58 -20 1,532 Global pmx co ltd? BGSGT82 Taiwan 47 67 20 730 Gudeng Precision Industrial Co Ltd B58Y4R3 Taiwan 60 73 13 841 Universal Medical Fin & Technical Advisory Services Co. Ltd. BYW7534 China 60 48 -12 1,760 Pinduoduo Inc ADS BYVW0F7 China 40 28 -12 152,864 Agora, Inc. ADR BMVLMK9 China 22 33 11 4,260 BIMB Holdings Bhd 6100379 Malaysia 34 45 11 1,945 XD Inc BKF2W48 China 39 50 11 3,427 Tiangong International Co. Ltd. B236JB2 China 38 48 10 1,261 Pet Center Comercio e Participacoes SA BN6KT07 Brazil 59 67 8 1,841 MI Technovation Bhd BZ57CS2 Malaysia 31 39 8 622 Notre Dame Intermedica Participacoes SA BF4J7K6 Brazil 78 85 7 10,142 Doosan Heavy Indust &Construct; 6294670 South Korea 58 51 -7 9,033 Foxsemicon Integrated Technology Inc B04ZR54 Taiwan 91 85 -6 753 Omega Geracao SA BF2VKB6 Brazil 53 58 5 1,526 GOME Retail Holdings Ltd B01Z8S7 China 50 55 5 3,839 China Gas Holdings Ltd. 6460794 China 39 44 5 21,376 Hope Education Group Co Ltd BF0XL55 China 43 48 5 2,169 PT Smartfren Telecom Tbk Class A B7LLC71 Indonesia 26 31 5 1,824 Lotus Pharmaceutical Co Ltd B04S979 Taiwan 38 43 5 832 Yang Ming Marine Trans Corp 6987583 Taiwan 48 50 2 13,311 Boa Vista Servicos SA BLNLT10 Brazil 37 38 1 1,172 CNHTC Jinan Truck Co. Ltd. A BFCCPZ8 China 8 7 -1 3,605
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Top Turnover Impact for Factor Tilt
Developed Markets ex US Previous Current Float Tilt Adjusted Float Tilt Adjusted Market Cap Market Cap Market Cap Market Cap Weight Name SEDOL Country ($Million) Tilt Factor ($Million) ($Million) Tilt Factor ($Million) Change % ARC Resources Ltd. B6463M8 Canada 5,477 14.50 79,646 5,477 0.90 4,751 -0.31 Banco de Sabadell SA B1X8QN2 Spain 4,361 14.50 63,421 4,361 0.90 3,783 -0.25 Vistry Group PLC 185929 United Kingdom 3,946 14.50 57,382 3,946 0.90 3,423 -0.22 Virgin Money UK PLC BD6GN03 United Kingdom 3,616 14.50 52,577 3,618 0.90 3,139 -0.21 SSP Group Plc BGBN7C0 United Kingdom 3,433 14.50 49,923 3,433 0.60 2,108 -0.20 Whitecap Resources Inc. B418WK4 Canada 0 0 3,069 14.10 43,269 0.18 Aggreko BK1PTB7 United Kingdom 3,117 14.50 45,320 3,117 0.60 1,914 -0.18 Jet2 Plc B1722W1 United Kingdom 2,985 14.50 43,401 2,985 0.60 1,833 -0.17 Linamar Corp 2516022 Canada 2,976 14.50 43,274 2,976 0.90 2,582 -0.17 Investec PLC. B17BBQ5 United Kingdom 2,968 14.50 43,163 2,968 0.90 2,575 -0.17 Samsonite International SA B4Q1532 Hong Kong 3,254 14.50 47,322 3,254 2.10 6,869 -0.17 Aperam B58C6H1 Netherlands 2,816 14.50 40,949 2,816 0.90 2,443 -0.16 ADLER Group SA BYNXBZ5 Germany 2,761 14.50 40,154 2,761 0.90 2,395 -0.16 Jyske Bank AS B0386J1 Denmark 2,629 14.50 38,232 2,629 0.90 2,281 -0.15 Acerinox SA B01ZVZ5 Spain 2,530 14.50 36,792 2,530 0.90 2,195 -0.14 OneSavings Bank BLDRH36 United Kingdom 2,518 14.50 36,612 2,522 0.90 2,187 -0.14 Redrow BG11K36 United Kingdom 2,395 14.50 34,821 2,395 0.90 2,077 -0.14 PostNL NV 5481558 Netherlands 2,645 14.50 38,459 2,717 2.10 5,734 -0.14 Equinox Gold Corp. BKLNP13 Canada 2,273 0.90 1,978 2,334 14.10 32,911 0.13 Nexans SA 7130836 France 2,260 14.50 32,871 2,260 0.60 1,388 -0.13 Burford Capital Ltd BMGYLN9 United Kingdom 2,241 14.50 32,590 2,241 0.60 1,376 -0.13 Methanex Corp 2654416 Canada 2,228 14.50 32,397 2,228 0.60 1,368 -0.13 Hammerson BK7YQK6 United Kingdom 2,511 14.50 36,517 2,602 2.10 5,492 -0.13 Singapore Press Hldgs B012899 Singapore 2,192 14.50 31,869 2,184 0.60 1,341 -0.13 RHI Magnesita BYZ2JR8 United Kingdom 2,176 14.50 31,647 2,176 0.90 1,888 -0.12 Plus500 Ltd BBT3PS9 United Kingdom 2,157 0.90 1,878 2,157 14.10 30,415 0.12 Tricon Residential Inc. B4NP281 Canada 2,126 2.10 4,465 2,300 14.10 32,420 0.12 Ioof Hldgs Ltd 6714394 Australia 2,068 14.50 30,077 2,068 0.90 1,794 -0.12 Pacific Basin Shipping Ltd. B01RQM3 Hong Kong 0 0 1,922 14.10 27,104 0.12 Ferrexpo PLC B1XH2C0 United Kingdom 1,965 14.50 28,573 1,965 0.90 1,704 -0.11
©2021 Morningstar, Inc. All rights reserved. Morningstar and the Morningstar logo are either trademarks or service marks of Morningstar, Inc. Reproduction by any means is prohibited. While data contained in this report are gathered from reliable sources, accuracy and completeness cannot be guaranteed. The publisher does not give investment advice or act as an investment advisor. All data, information, and opinions are subject to change without notice. Morningstar Indexes | Reconstitution Report | 18 June 2021 Page 13 of 13 Morningstar® Global Markets ex-US IndexSM
Top Turnover Impact for Factor Tilt
Emerging Markets Previous Current Float Tilt Adjusted Float Tilt Adjusted Market Cap Market Cap Market Cap Market Cap Weight Name SEDOL Country ($Million) Tilt Factor ($Million) ($Million) Tilt Factor ($Million) Change % Yang Ming Marine Trans Corp 6987583 Taiwan 5,290 15.60 82,538 6,655 1.00 6,328 -0.73 China Longyuan Power Group Corporation Ltd. - H Shares B4Q2TX3 China 5,035 15.60 78,567 5,035 1.00 4,788 -0.71 Tata Power Co Ltd B6Z1L73 India 2,857 15.60 44,581 2,857 0.60 1,579 -0.41 Steel Authority of India Ltd 6121499 India 2,672 15.60 41,686 2,672 1.00 2,540 -0.38 360 DigiTech, Inc. BFMV9Y2 China 2,661 15.60 41,512 2,661 1.00 2,530 -0.37 Tencent Holdings Ltd. BMMV2K8 China 464,222 0.50 234,783 464,250 0.60 256,603 0.35 Momo Inc ADR BSS6HX7 China 2,659 1.10 2,901 2,619 14.10 36,985 0.35 Azul S.A. Pref BD97PR4 Brazil 2,530 15.60 39,475 2,558 1.20 3,127 -0.35 Taiwan Semiconductor Manufacturing Co Ltd 6889106 Taiwan 412,793 0.50 208,772 412,793 0.60 228,162 0.31 Samsung Electronics Co 6771720 South Korea 374,391 1.10 408,362 374,391 1.00 355,984 -0.31 LIC Housing Finance Ltd 6101026 India 2,163 15.60 33,748 2,163 1.00 2,057 -0.30 Alibaba Group Holding Ltd BK6YZP5 China 389,190 0.50 196,835 389,979 0.60 215,551 0.30 Baidu.com Class A B0J2D41 China 0 0 51,464 0.60 28,446 0.29 Guangzhou R&F; Properties Co Ltd - H B19H8Y8 China 1,964 15.60 30,641 1,964 1.00 1,867 -0.28 ALPHA SERVICES AND HOLDINGS S.A BZ1MXR7 Greece 1,837 15.60 28,667 1,840 1.00 1,750 -0.26 Natl Bank of Greece Reg BG087C6 Greece 1,808 15.60 28,209 1,808 1.00 1,719 -0.25 Tata Chemicals Ltd 6101167 India 1,697 15.60 26,482 1,697 0.60 938 -0.25 China Traditional Chinese Medicine Holdings Co Ltd 6971779 China 1,690 15.60 26,376 1,690 1.00 1,607 -0.24 Moneta Money Bank BD3CQ16 Czech Republic 1,630 15.60 25,437 1,630 1.20 1,993 -0.23 Hyosung T & C Co Ltd BD83164 South Korea 1,570 15.60 24,501 1,570 1.00 1,493 -0.22 Sihuan Pharmaceutical Holdings Group Ltd B4X3RF7 China 1,516 15.60 23,660 1,516 0.60 838 -0.22 Adani Power Ltd B3WQH49 India 1,487 15.60 23,206 1,487 0.60 822 -0.21 Cogna Educacao S.A. BHNWPB7 Brazil 1,509 0.40 614 1,509 14.10 21,308 0.21 Chung Hung Steel 6987602 Taiwan 1,448 15.60 22,596 1,448 0.60 800 -0.21 DGB Financial Group Inc B68N347 South Korea 1,395 15.60 21,765 1,395 1.00 1,326 -0.20 Hyundai Wia Corp B3LF565 South Korea 1,386 15.60 21,625 1,386 1.00 1,318 -0.20 Mahindra & Mahindra Financial Services Ltd B8F8822 India 1,372 15.60 21,408 1,372 1.00 1,305 -0.19 Cyrela Brazil Realty S.A. 2189855 Brazil 1,338 0.40 545 1,338 14.10 18,903 0.19 Momentum Metropolitan Holdings Ltd BK9S758 South Africa 1,329 15.60 20,743 1,329 1.00 1,264 -0.19 Capital Securities Corp 6156673 Taiwan 1,317 15.60 20,553 1,317 1.00 1,252 -0.18
©2021 Morningstar, Inc. All rights reserved. Morningstar and the Morningstar logo are either trademarks or service marks of Morningstar, Inc. Reproduction by any means is prohibited. While data contained in this report are gathered from reliable sources, accuracy and completeness cannot be guaranteed. The publisher does not give investment advice or act as an investment advisor. All data, information, and opinions are subject to change without notice.