Morningstar Indexes | Reconstitution Report Page 1 of 4 Morningstar® Global ex-US Moat Focus IndexSM 18 December 2020

The index follows a staggered rebalancing approach in which the index is divided into two sub-portfolios, each containing 50 stocks. One For More Information: sub-portfolio reconstitutes in December and June; the other sub-portfolio reconstitutes in March and September. The information here pertains http://indexes.morningstar.com only to the subportfolio being reconstituted. US: +1 312 384-3735 Europe: +44 20 3194 1082

Reconstituted Holdings Name Ticker Country Sector Moat Rating Price/Fair Value Weight (%) Imperial Brands Plc IMB United Kingdom Consumer Defensive Wide 0.45 2.00 Danske Bank A/S DANSKE Denmark Financial Services Narrow 0.60 2.00 Bayer Motoren Werke AG (BMW) BMW Germany Consumer Cyclical Narrow 0.60 2.00 SJM Holdings Ltd. 00880 Hong Kong Consumer Cyclical Narrow 0.67 2.00 British American Tobacco Plc BATS United Kingdom Consumer Defensive Wide 0.67 2.00 Continental AG CON Germany Consumer Cyclical Narrow 0.69 2.00 Thales HO France Industrials Narrow 0.69 2.00 Bank of China Ltd H Shares 03988 China Financial Services Narrow 0.70 2.00 Sun Hung Kai Properties Ltd. 00016 Hong Kong Real Estate Narrow 0.71 2.00 BOC Hong Kong (Holdings) Ltd. 02388 China Financial Services Narrow 0.71 2.00 Swatch Group AG-B UHR Switzerland Consumer Cyclical Narrow 0.72 2.00 Roche Hldgs AG Ptg Genus ROG Switzerland Healthcare Wide 0.73 2.00 Baidu.com ADR BIDU China Communication Services Wide 0.73 2.00 Link Administration Holdings Limited LNK Australia Technology Narrow 0.73 2.00 Capitaland Ltd C31 Singapore Real Estate Narrow 0.73 2.00 Publicis Groupe PUB France Communication Services Narrow 0.74 2.00 MEIJI Holdings Co Ltd 2269 Japan Consumer Defensive Narrow 0.74 2.00 Calbee Inc 2229 Japan Consumer Defensive Narrow 0.75 2.00 Credit Suisse Group AG CSGN Switzerland Financial Services Narrow 0.75 2.00 MGM China Holdings Ltd 02282 Hong Kong Consumer Cyclical Narrow 0.75 2.00 Takeda Pharmaceutical Co Ltd 4502 Japan Healthcare Narrow 0.76 2.00 SK Telecom Co Ltd 017670 South Korea Communication Services Narrow 0.76 2.00 China Construction Bank Corp H Shares 00939 China Financial Services Narrow 0.77 2.00 Cameco Corp CCO Canada Energy Narrow 0.78 2.00 New Oriental Education & Technology ADR EDU China Consumer Defensive Narrow 0.79 2.00 America Movil SAB de CV L AMX L Mexico Communication Services Narrow 0.79 2.00 China Gas Holdings Ltd. 00384 China Utilities Narrow 0.79 2.00 Industrial and Commercial Bank of China Ltd H Shares 01398 China Financial Services Narrow 0.80 2.00 China Yuhua Education Corp Ltd 06169 China Consumer Defensive Narrow 0.80 2.00 Telstra Corp Ltd TLS Australia Communication Services Narrow 0.80 2.00 KDDI Corp 9433 Japan Communication Services Narrow 0.80 2.00 Swire Properties Ltd 01972 Hong Kong Real Estate Narrow 0.81 2.00 Westpac Banking Corp WBC Australia Financial Services Wide 0.81 2.00 Daqin Railway Co Ltd A 601006 China Industrials Narrow 0.81 2.00 Svenska Handelsbanken A SHB A Sweden Financial Services Narrow 0.81 2.00 KION Group AG KGX Germany Industrials Narrow 0.82 2.00 Swedbank AB SWED A Sweden Financial Services Narrow 0.82 2.00 Nutrien Ltd. NTR Canada Basic Materials Narrow 0.82 2.00 Sanofi-Aventis SAN France Healthcare Wide 0.82 2.00 Japan Tobacco Inc 2914 Japan Consumer Defensive Wide 0.83 2.00 TAL Education Group TAL China Consumer Defensive Narrow 0.83 2.00 Overseas-Chinese Banking O39 Singapore Financial Services Narrow 0.83 2.00 ConvaTec Group Plc CTEC United Kingdom Healthcare Narrow 0.84 2.00 Henkel AG & Co. KGaA Nvtg - Pref HEN3 Germany Consumer Defensive Narrow 0.84 2.00 Elekta B EKTA B Sweden Healthcare Wide 0.85 2.00

©2020 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 December 2020 Page 2 of 4 Morningstar® Global ex-US Moat Focus IndexSM

Reconstituted Holdings Name Ticker Country Sector Moat Rating Price/Fair Value Weight (%) Anhui Conch Cement Co Ltd A 600585 China Basic Materials Narrow 0.85 2.00 Trip.com Group Limited ADR TCOM China Consumer Cyclical Narrow 0.86 2.00 Koninklijke KPN NV KPN Netherlands Communication Services Narrow 0.86 2.00 Julius Baer Group BAER Switzerland Financial Services Wide 0.88 2.00 Compagnie financiere Richemont SA CFR Switzerland Consumer Cyclical Wide 0.91 2.00

Added Holdings Previous Recon Failed Screen Moat 12-month Name Ticker Country Sector Weight(%) Rating momentum Price/Fair Value Others Link Administration Holdings Limited LNK Australia Technology 2.32 • Continental AG CON Germany Consumer Cyclical 2.10 • Swire Properties Ltd 01972 Hong Kong Real Estate 2.05 • ConvaTec Group Plc CTEC United Kingdom Healthcare 1.99 • BOC Hong Kong (Holdings) Ltd. 02388 China Financial Services 1.99 • MEIJI Holdings Co Ltd 2269 Japan Consumer Defensive 1.02 • Publicis Groupe PUB France Communication Services 1.01 • KDDI Corp 9433 Japan Communication Services 1.01 • Daqin Railway Co Ltd A 601006 China Industrials 1.01 • Westpac Banking Corp WBC Australia Financial Services 1.01 • New Oriental Education & Technology ADR EDU China Consumer Defensive 1.00 • TAL Education Group TAL China Consumer Defensive 1.00 • Thales HO France Industrials 0.99 • China Yuhua Education Corp Ltd* 06169 China Consumer Defensive 0.99 • Anhui Conch Cement Co Ltd A 600585 China Basic Materials 0.99 • Nutrien Ltd. NTR Canada Basic Materials 0.98 • Svenska Handelsbanken A SHB A Sweden Financial Services 0.97 • Sanofi-Aventis SAN France Healthcare 0.97 • *Security was added to equity coverage universe

Removed Holdings Failed Screen (Reason for removal) Moat 12-month Name Ticker Country Sector Rating momentum Price/Fair Value Others Smiths Group SMIN United Kingdom Industrials • Canadian Imperial Bank of Commerce CM Canada Financial Services • LafargeHolcim Ltd LHN Switzerland Basic Materials • Murata Manufacturing Co Ltd 6981 Japan Technology • Zhengzhou Yutong Bus Co.Ltd. A 600066 China Consumer Cyclical • Hangzhou Hikvision Digital Technology Co Ltd A 002415 China Technology • Nidec Corp 6594 Japan Industrials • Orange ORA France Communication Services • Sands China Ltd. 01928 Hong Kong Consumer Cyclical • WH Group Ltd 00288 Hong Kong Consumer Defensive •

©2020 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 December 2020 Page 3 of 4 Morningstar® Global ex-US Moat Focus IndexSM

Removed Holdings Failed Screen (Reason for removal) Moat 12-month Name Ticker Country Sector Rating momentum Price/Fair Value Others Vodafone Group VOD United Kingdom Communication Services • Bayer AG BAYN Germany Healthcare • Enbridge Inc ENB Canada Energy • Fresenius SE & Co KGaA FRE Germany Healthcare • CSPC Pharmaceutical Group Ltd. 01093 China Healthcare • China Mobile Ltd. 00941 China Communication Services • Grifols SA GRF Spain Healthcare • CK Asset Holdings Ltd 01113 Hong Kong Real Estate •

Next Potential Holdings Name Ticker Country Sector Moat Rating Price/Fair Value TC Energy Corporation TRP Canada Energy Narrow 0.85 Computershare Ltd CPU Australia Technology Narrow 0.85 Brambles Industries Ltd BXB Australia Industrials Wide 0.85 Sunny Optical Technology (Group) Co. Ltd. 02382 China Technology Narrow 0.86 a2 Milk Co Ltd ATM New Zealand Consumer Defensive Narrow 0.86 GEA AG G1A Germany Industrials Wide 0.86 Fresenius Medical Care AG FME Germany Healthcare Narrow 0.86 Pearson PSON United Kingdom Communication Services Narrow 0.87 TELUS Corp T Canada Communication Services Narrow 0.88 President Chain Store 2912 Taiwan Consumer Defensive Narrow 0.88

Index Holdings Name Ticker Country Sector Weight(%) Link Administration Holdings Limited LNK Australia Technology 2.32 Baidu.com ADR BIDU China Communication Services 2.26 Cameco Corp CCO Canada Energy 2.21 Compagnie financiere Richemont SA CFR Switzerland Consumer Cyclical 2.21 Capitaland Ltd C31 Singapore Real Estate 2.12 Continental AG CON Germany Consumer Cyclical 2.10 America Movil SAB de CV L AMX L Mexico Communication Services 2.08 Overseas-Chinese Banking O39 Singapore Financial Services 2.07 Bayer Motoren Werke AG (BMW) BMW Germany Consumer Cyclical 2.07 Swire Properties Ltd 01972 Hong Kong Real Estate 2.05 British American Tobacco Plc BATS United Kingdom Consumer Defensive 2.04 Japan Tobacco Inc 2914 Japan Consumer Defensive 2.04 Julius Baer Group BAER Switzerland Financial Services 2.03 SK Telecom Co Ltd 017670 South Korea Communication Services 2.03 Industrial and Commercial Bank of China Ltd H Shares 01398 China Financial Services 2.02 Koninklijke KPN NV KPN Netherlands Communication Services 2.02 Credit Suisse Group AG CSGN Switzerland Financial Services 2.00 ConvaTec Group Plc CTEC United Kingdom Healthcare 1.99 BOC Hong Kong (Holdings) Ltd. 02388 China Financial Services 1.99 Telstra Corp Ltd TLS Australia Communication Services 1.99 Swedbank AB SWED A Sweden Financial Services 1.98 MGM China Holdings Ltd 02282 Hong Kong Consumer Cyclical 1.96 Bank of China Ltd H Shares 03988 China Financial Services 1.96 Sun Hung Kai Properties Ltd. 00016 Hong Kong Real Estate 1.95 Takeda Pharmaceutical Co Ltd 4502 Japan Healthcare 1.92

©2020 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 December 2020 Page 4 of 4 Morningstar® Global ex-US Moat Focus IndexSM

Index Holdings Name Ticker Country Sector Weight(%) Danske Bank A/S DANSKE Denmark Financial Services 1.92 Roche Hldgs AG Ptg Genus ROG Switzerland Healthcare 1.91 Calbee Inc 2229 Japan Consumer Defensive 1.90 SJM Holdings Ltd. 00880 Hong Kong Consumer Cyclical 1.81 ING Groep NV INGA Netherlands Financial Services 1.09 Pendal Group Ltd PDL Australia Financial Services 1.08 Perpetual Limited PPT Australia Financial Services 1.06 UBS Group AG UBSG Switzerland Financial Services 1.06 Computershare Ltd CPU Australia Technology 1.03 Agricultural Bank of China Ltd H Shares 01288 China Financial Services 1.02 MEIJI Holdings Co Ltd 2269 Japan Consumer Defensive 1.02 Crown Resorts Ltd CWN Australia Consumer Cyclical 1.02 Smiths Group SMIN United Kingdom Industrials 1.02 Publicis Groupe PUB France Communication Services 1.01 KDDI Corp 9433 Japan Communication Services 1.01 Imperial Brands Plc IMB United Kingdom Consumer Defensive 1.01 Daqin Railway Co Ltd A 601006 China Industrials 1.01 Westpac Banking Corp WBC Australia Financial Services 1.01 China Gas Holdings Ltd. 00384 China Utilities 1.01 Elekta B EKTA B Sweden Healthcare 1.00 New Oriental Education & Technology ADR EDU China Consumer Defensive 1.00 TAL Education Group TAL China Consumer Defensive 1.00 Henkel AG & Co. KGaA Nvtg - Pref HEN3 Germany Consumer Defensive 0.99 Thales HO France Industrials 0.99 Grifols SA GRF Spain Healthcare 0.99 China Yuhua Education Corp Ltd 06169 China Consumer Defensive 0.99 Anhui Conch Cement Co Ltd A 600585 China Basic Materials 0.99 Seven & I Holdings Co Ltd 3382 Japan Consumer Defensive 0.99 China Construction Bank Corp H Shares 00939 China Financial Services 0.99 KION Group AG KGX Germany Industrials 0.99 Enbridge Inc ENB Canada Energy 0.98 WEIBO CORP ADR WB China Communication Services 0.98 Nutrien Ltd. NTR Canada Basic Materials 0.98 Trip.com Group Limited ADR TCOM China Consumer Cyclical 0.97 Swatch Group AG-B UHR Switzerland Consumer Cyclical 0.97 Svenska Handelsbanken A SHB A Sweden Financial Services 0.97 Sanofi-Aventis SAN France Healthcare 0.97 Largan Precision Co Ltd 3008 Taiwan Technology 0.94 Sands China Ltd. 01928 Hong Kong Consumer Cyclical 0.93 Fresenius SE & Co KGaA FRE Germany Healthcare 0.90 WH Group Ltd 00288 Hong Kong Consumer Defensive 0.90 Telecom Italia SpA TIT Italy Communication Services 0.90 Wynn Macau 01128 Hong Kong Consumer Cyclical 0.87 Shanghai Pharmaceuticals Holding Co Ltd-H 02607 China Healthcare 0.83 Bayer AG BAYN Germany Healthcare 0.78 China Mobile Ltd. 00941 China Communication Services 0.76

©2020 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.