STRS MSCI World ex USA Index Choice INTERNATIONAL Investment Objective Country/Region Weightings The primary objective of the STRS MSCI World ex USA as of March 31, 2021 Index Choice is long-term capital appreciation. This investment choice is intended to closely match the Country/Region % of Index return of the Morgan Stanley Capital International (MSCI) World ex USA Index, before fees. Japan .................................................................22.40% United Kingdom ............................................12.90% France ................................................................10.05% Investment Characteristics Canada ................................................................ 9.72% STRS MSCI World ex USA Index Choice is based on the Germany ............................................................. 8.58% share price of approximately 1,000 companies listed on Switzerland ....................................................... 8.29% stock exchanges in 22 different developed countries. Australia ............................................................. 6.35% The return is comprised of capital appreciation plus dividend yield. Netherlands ...................................................... 3.80% Sweden ............................................................... 3.25% Hong Kong ........................................................ 3.05% Risk Italy ...................................................................... 2.27% An investment in the STRS MSCI World ex USA Index Denmark ............................................................ 2.15% Choice could lose value over short or even long periods Spain .................................................................... 2.15% due to volatility of common stocks. You should expect Singapore .......................................................... 1.00% the choice’s share price and total return to fluctuate within a wide range, like the fluctuations of the overall Finland ................................................................ 0.90% stock market. The choice is subject to a variety of risks Belgium .............................................................. 0.84% which can adversely affect performance. Some of these Ireland ................................................................. 0.65% include stock market risk, country risk and currency risk. Norway ............................................................... 0.57% Israel .................................................................... 0.54% Investment Manager New Zealand ..................................................... 0.23% Austria ................................................................. 0.17% STRS Ohio Portugal .............................................................. 0.14% Investment Performance Please refer to the STRS Ohio Investment Performance Report included in this selection packet. Annual Asset Management Fee The total annual fee for STRS MSCI World ex USA Index Choice is 0.10%. The MSCI World ex USA Index is a trademark of MSCI Inc. The STRS MSCI World ex USA Index Choice is not sponsored, endorsed or promoted by MSCI, and MSCI bears no liability with respect to any investment choice or any index on which the investment choice is based. Page 15 | Investment Options Guide for STRS Ohio Defined Contribution Plan and Combined Plan | www.strsoh.org.