INDEX INVESTMENT STRATEGY: Monthly Index Dashboard Sign up here to receive daily commentary; sign up here to join our weekly live calls August 31, 2021 HEADLINE INDICES [P2] Movers & Shakers [P3] Equity Sectors [P4] Equity Factors [P5] S&P Global BMI [P6] U.S. Industries [P7] Fixed Income [P8] Commodities & Real Assets INDEX Aug QTD YTD 12M INDEX Yield Aug QTD YTD 12M U.S. Equity U.S. Fixed Income S&P 500® 3.04% 5.49% 21.58% 31.17% S&P U.S. Aggregate Bond 1.28% -0.12% 0.91% -0.50% 0.28% S&P MidCap 400® 1.95% 2.30% 20.30% 44.77% S&P U.S. Treasury Current 2-Year 0.19% 0.03% 0.21% 0.08% 0.14% S&P SmallCap 600® 2.02% -0.42% 23.04% 53.97% S&P U.S. Treasury Current 10-Year 1.28% -0.42% 1.79% -2.42% -3.95% S&P Composite 1500® 2.95% 5.14% 21.56% 32.43% S&P 500/MarketAxess IG Corp Bond 2.05% -0.32% 1.15% -0.58% 2.40% S&P Total Market Index (TMI) 2.86% 4.63% 20.61% 33.32% S&P 500 High Yield Corporate Bond 2.93% 0.49% 1.31% 3.97% 8.43% Dow Jones Industrial Average® 1.50% 2.86% 17.04% 26.77% S&P/LSTA U.S. Leveraged Loan 100 3.82% 0.59% 0.34% 2.52% 6.00% Aug Leaders & Laggards: S&P 500 Sectors & Factors Global Fixed Income S&P/ASX Australian Gov. Bond (AUD) 0.88% 0.24% 2.47% 0.18% 0.93% Financials 5.1% S&P Canada Sovereign Bond (CAD) 0.85% -0.07% 0.76% -2.55% -2.50% Comm. Services 5.0% S&P Japan Sovereign Bond (JPY) 0.13% -0.10% 0.50% 0.34% 0.63% Momentum 4.5% S&P Germany Sovereign Bond (EUR) -0.48% -0.50% 1.23% -1.33% -0.20% Growth 4.2% S&P Global Dev. Sov. Bond (USD) 0.40% -0.54% 0.93% -3.62% -1.15% Utilities 4.0% S&P U.K. Gilt (GBP) 0.71% -0.83% 2.13% -3.95% -1.84% S&P 500, 3.0% Currencies Value 1.7% Dow Jones FXCM Dollar Index 0.40% 0.40% 2.37% 0.40% Low Vol High Div 1.5% GBP/USD (1.3762) -1.01% -0.38% 0.68% 2.79% Staples 1.4% EUR/USD (1.1804) -0.45% -0.46% -3.52% -1.30% Industrials 1.1% USD/JPY (109.86) 0.10% -1.02% 6.41% 3.60% USD/CAD (1.2637) -1.21% -2.01% 0.82% 3.11% Energy -2.0% AUD/USD (0.7308) -0.57% -2.65% -5.29% -1.18% Global Equity (USD) Aug QTD YTD 12M Aug Leaders & Laggards: S&P Global BMI (USD) S&P Global BMI 2.52% 2.97% 16.17% 30.57% Thailand 10.8% S&P Developed BMI 2.46% 3.77% 17.61% 31.76% Philippines 10.4% S&P Emerging BMI 2.95% -3.20% 5.54% 21.63% Colombia 10.3% S&P Frontier BMI 7.57% 7.10% 14.61% 40.34% S&P Developed Ex-US BMI 1.75% 2.16% 12.34% 28.81% Hungary 9.8% S&P Global 1200 2.46% 3.67% 17.38% 29.57% India 8.6% S&P 500 3.04% 5.49% 21.58% 31.17% S&P Global BMI, 2.5% S&P/TOPIX 150 2.84% 1.25% 3.45% 20.71% Peru -0.8% S&P Latin America 40 -0.11% -5.91% 2.71% 38.29% Hong Kong -0.9% S&P Europe 350® 1.52% 3.46% 16.25% 30.17% Korea -1.3% S&P/ASX All Australian 50 1.21% 0.54% 12.32% 28.31% Pakistan -1.9% S&P Asia 50 -0.01% -8.48% -2.84% 19.54% Brazil -2.3% S&P/TSX 60 0.18% 0.21% 22.26% 32.13% Global Equity (Local Currency) Aug QTD YTD 12M Environmental, Social & Governance Aug QTD YTD 12M S&P MERVAL (ARS) 15.83% 22.57% 49.24% 63.23% S&P 500 ESG 3.12% 5.64% 22.48% 30.27% S&P BSE SENSEX (INR) 9.47% 9.87% 21.50% 50.55% S&P 500 Fossil Fuel Free 3.14% 5.78% 21.62% 31.16% S&P/BMV IPC (MXN) 4.99% 6.40% 22.85% 48.37% Dow Jones Sustainability World 2.91% 4.17% 17.39% 27.20% S&P/NZX 50 Portfolio (NZD) 5.24% 4.47% 3.35% 21.26% S&P Green Bond Select -0.70% 0.83% -3.47% 0.53% S&P Europe 350 (EUR) 2.06% 3.89% 20.48% 31.83% S&P 500 Net Zero 2050 Paris-Aligned Climate 3.82% 7.28% 25.32% 34.92% S&P/CLX IPSA (CLP) 5.63% 3.70% 7.53% 19.23% Commodities and Other Real Assets S&P/ASX 200 (AUD) 2.50% 3.63% 17.00% 28.15% S&P Real Assets 0.13% 1.90% 12.47% 20.89% S&P/TSX Composite (CAD) 1.63% 2.45% 20.16% 28.24% Dow Jones Commodity Index -1.27% 0.14% 23.46% 36.81% S&P Germany BMI (EUR) 1.97% 2.33% 15.70% 23.63% S&P Real Assets Equity 0.83% 2.85% 19.60% 30.91% S&P United Kingdom (GBP) 2.00% 2.11% 13.86% 24.25% S&P Real Assets Bond -0.40% 1.23% 0.18% 4.05% S&P South Africa Composite (ZAR) -0.67% 1.00% 17.83% 47.34% S&P GSCI -2.30% -0.76% 30.40% 43.86% S&P/TOPIX 150 (JPY) 3.10% 0.67% 10.00% 25.52% Crude Oil -7.09% -5.67% 43.52% 58.87% S&P Korea BMI (KRW) -0.51% -3.33% 8.22% 37.43% Gold 0.05% 2.41% -4.73% -9.04% S&P/BVL Peru Select (PEN) -1.44% -6.01% -15.23% -5.38% Copper -2.10% 1.42% 22.48% 42.40% S&P Brazil BMI (BRL) -2.82% -6.96% -0.66% 19.86% Volatility S&P China 500 (CNY) 0.38% -8.61% -6.42% -1.44% Cboe Volatility Index/ VIX® (16.48) -9.65% 4.11% -27.56% -37.60% S&P/HKEX LargeCap (HKD) -0.05% -11.12% 2.98% 5.43% S&P/ASX 200 VIX (10.71) -14.09% -12.49% -22.94% -43.64% Case-Shiller (as of Jun 2021) Aug 6M 12M S&P/JPX JGB VIX (1.45) 0.69% 18.85% 19.83% 19.48% S&P CoreLogic Case-Shiller US National 2.18% 11.25% 18.61% S&P/BMV IPC VIX (14.11) 26.23% -7.85% 5.14% -0.43% Source: S&P Dow Jones Indices LLC and/or its affiliates. Index performance based on total return. (1) Indicates delayed data. (2) Indicates Sunday trading. Returns are in USD unless otherwise stated. Numbers in brackets are the most recent closing price level for the corresponding index. 12M returns are calculated with reference to latest index level available exactly one calendar year prior to the calculation date. See disclaimer for further information INDEX INVESTMENT STRATEGY: Monthly Index Dashboard September 1, 2021 [P1] Headline Indices MOVERS AND SHAKERS [P3] Equity Sectors [P4] Equity Factors [P5] S&P Global BMI [P6] U.S. Industries [P7] Fixed Income [P8] Commodities & Real Assets MOVERS AND SHAKERS 20.0% Selected Highlights - Aug Index Change 17.2% 17.0% 15.0% 11.4% 10.8% 10.8% 10.4% 10.3% 9.8% 10.0% 9.5% 9.3% 5.0% 0.0% Month To Date Total Return Date Total Month To -2.6% -2.8% -3.9% -5.0% -4.1% -4.1% -4.5% -5.1% -7.1% -7.3% -7.5% -10.0% 35.0% Selected Highlights - QTD Index Change 30.0% 29.3% 24.9% 25.0% 20.6% 20.0% 20.0% 14.4% 15.0% 13.8% 13.4% 12.5% 11.8% 11.0% 10.0% 5.0% 0.0% Quarter To Date Total Return Date Total Quarter To -5.0% -7.4% -10.0% -8.4% -8.5% -8.6% -8.8% -9.0% -10.1% -10.3% -11.1% -12.6% -15.0% Source: S&P Dow Jones Indices LLC and/or its affiliates. Index performance based on total return. (1) Indicates delayed data. (2) Indicates Sunday trading. Returns are in USD unless otherwise stated. Numbers in brackets are the most recent closing price level for the corresponding index. 12M returns are calculated with reference to latest index level available exactly one calendar year prior to the calculation date. See disclaimer for further information INDEX INVESTMENT STRATEGY: Monthly Index Dashboard August 31, 2021 [P1] Headline Indices [P2] Movers & Shakers EQUITY SECTORS [P4] Equity Factors [P5] S&P Global BMI [P6] U.S. Sector & Industries [P7] Fixed Income [P8] Commodities & Real Assets S&P 500 Sectors - Total Return Aug Top 5 Outperforming Sectors - Excess Return Aug S&P 500 3.0% S&P/ASX 200 Information Technology 14.5% Financials 5.1% S&P Europe 350 Information Technology 5.3% Communication Services 5.0% S&P/ASX 200 Consumer Staples 4.4% Utilities 4.0% S&P/ASX 200 Health Care 4.3% Information Technology 3.6% S&P/TSX Composite Information Technology 4.2% Real Estate 2.8% Top 5 Underperforming Sectors - Excess Return Aug Health Care 2.4% -4.6% S&P Europe 350 Consumer Discretionary Consumer Discretionary 2.1% -5.1% S&P 500 Energy Materials 1.9% Consumer Staples 1.4% -6.4% S&P/ASX 200 Energy Industrials 1.1% -7.3% S&P Japan 500 Energy Energy -2.0% -9.8% S&P/ASX 200 Materials INDEX Aug QTD YTD 12M INDEX Aug QTD YTD 12M S&P 500 3.04% 5.49% 21.58% 31.17% S&P/ASX 200 (AUD) 2.50% 3.63% 17.00% 28.15% Financials 5.14% 4.68% 31.57% 56.48% Information Technology 17.04% 8.99% 8.43% 26.11% Communication Services 5.01% 8.76% 30.15% 38.56% Consumer Staples 6.89% 8.49% 14.69% 13.97% Utilities 3.98% 8.48% 11.07% 19.66% Health Care 6.84% 8.08% 15.10% 14.84% Information Technology 3.56% 7.56% 22.36% 29.47% Real Estate 5.83% 6.49% 15.49% 28.98% Real Estate 2.81% 7.57% 32.64% 36.35% Communication Services 5.20% 3.74% 24.84% 37.12% Health Care 2.38% 7.39% 20.12% 26.97% Financials 4.76% 3.26% 26.00% 45.27% Consumer Discretionary 2.12% 2.63% 13.17% 17.85% Consumer Discretionary 3.36% 2.85% 24.40% 34.64% Materials 1.92% 3.99% 19.07% 38.14% Industrials 2.72% 7.08% 12.62% 17.85% Consumer Staples 1.40% 3.99% 9.21% 14.44% Utilities 0.97% 2.58% -3.86% -12.08% Industrials 1.15% 2.05% 18.78% 36.36% Energy -3.94% -6.36% -5.58% 5.99% Energy -2.04% -10.14% 30.87% 42.94% Materials -7.29% -0.68% 11.40% 24.78% S&P Europe 350 (EUR) 2.06% 3.89% 20.48% 31.83% S&P/TSX Composite (CAD) 1.63% 2.45% 20.16% 28.24% Information Technology 7.40% 13.76% 38.66% 48.55% Information Technology 5.81% 8.93% 32.58% 39.14% Utilities 3.77% 5.91% 5.49% 15.57% Communication Services 3.88% 4.01% 22.91% 26.90% Health Care 3.52% 5.99% 20.19% 18.67% Industrials 3.75% 6.74% 14.00% 25.86% Communication Services 3.07% 1.73% 18.48% 28.08% Consumer Staples 2.01% 9.22% 18.51% 20.46% Financials 2.72% 3.31% 21.45% 38.04% Real Estate 1.99% 6.72% 29.92% 43.55% Industrials 2.41% 5.94% 24.79% 40.98% Financials 1.84% 2.22% 26.09% 41.95% Energy 2.17% -0.95% 17.57% 31.74% Health Care 1.06% -10.13% 9.63% 30.53% Real Estate 1.72% 6.01% 13.51% 23.43% Utilities 1.03% 4.01% 9.10% 22.53% Materials 0.27% 4.73% 23.92% 41.33% Energy -0.41% -5.44% 29.59% 32.23% Consumer Staples 0.20% 0.10% 11.79% 14.72% Consumer Discretionary -1.33% -2.53% 14.61% 41.36% Consumer Discretionary -2.55% -2.35% 17.72% 43.45% Materials -2.79% 0.08% -0.36% -6.78% S&P Japan 500 (JPY) 3.29% 0.78% 9.86% 24.56% S&P Global 1200 2.46% 3.67% 17.38% 29.57% Health Care 7.16% 1.76% -0.33% 8.04% Communication Services 4.02% 4.54% 21.71% 30.78% Information Technology 6.02% 4.62% 17.66% 48.08% Information Technology 3.74% 7.04% 20.95% 32.81% Industrials 4.54% 3.17% 14.14%