Pioneer AUM & Flows Ranking

Pioneer AUM & Flows Ranking Morningstar data February 2017 Economic & Market Research

Agenda Pioneer overall ranking by region 1 Top/bottom selling companies o Worldwide 3 o Europe 6 o US 9 o Asia 12 Top/bottom selling categories o Worldwide 15 o Europe 17 o US 19 o Asia 21 Top selling active funds 1 and FoFs by region 23 Top selling Pioneer funds by region 27 Top selling passive funds by region 31 PIONEER LOGO APPEARS HERE page For internal use only. Page ii

Highlights February 2017 PIONEER LOGO APPEARS HERE THE MARKET The industry has been selling well in February 2017, with mutual funds gathering worldwide $166bn, 44% of which ($73bn) flowing into active funds. In the active arena, flows were particularly strong for fixed income funds ($48bn), bringing the YTD result for the category to $89bn. Multi asset and alternative products sales have been speeding up too: after some moderate activity in January, the 2 categories saw $13.6bn and $5.7bn inflows respectively in February. The strong positive global result has been widely driven by the appetite of European investors, who dedicated already 100bn to active mutual funds in the first 2 months of the year, with all categories, even active equity funds, showing some inflows on a YTD basis. In the US market, some interest was observed in the active segment just for bond funds (taxable bond in particular), which gathered $32bn YTD, while being equity and money market funds characterized by significant outflows (-$33bn and -$42bn resp.). In Asia, inflows reached $47bn YTD, with positive contributions especially from money market and bond funds. PIONEER Pioneer saw inflows for $530mln in February, bringing the YTD result into positive territory ($210mln). After a bad January, in February some renewed interest was observed for alternative funds, which recorded inflows for $450mln in the month (most of which made in Europe). Pioneer YTD ranking thus improved dramatically in February, with the company going up from 90 th place to 8 th worldwide and from 56 th place to 7 th in Europe. Pioneer results in terms of Multi asset funds have been very good too, thanks especially to European investors. These funds gathered 500mln in the month, bringing the company in 11 th place worldwide and 8 th in Europe, in terms of YTD net flows. In the US, in a persisting difficult market for active funds, Pioneer has been able to keep a very good positioning within the Municipal bond segment, where it ranked 15 th in February, thanks to YTD flows of almost $100mln & CATEGORIES Considering the overall active and passive mutual fund market, Vanguard remained the best performer, with the impressive $86bn sold in just two months, followed at distance by ishares ($38bn) and Amundi ($22bn). In the active segment, Amundi was the top seller globally in February YTD, with $19.7bn inflows ($16.6bn of them being Money market fund sales), followed by Banco do Brazil ($13bn) and PIMCO ($9.7bn). Most of the sales by Amundi and PIMCO pertained to the European market, while in the US Vanguard was the top selling asset manager also in the active space, with $7,8bn inflows into its active fund gamma. For internal use only. Page iii

PIONEER RANKING Universe: ACTIVE FUNDS (ex Index, ETF, Feeder & FoF) AUM ranking NET FLOWS ranking Pioneer FLOWS IN THE MONTH Market FLOWS IN THE MONTH Pioneer YTD FLOWS Market YTD FLOWS YTD Δ Dec'16 month YTD YTD Δ prev. month $/ mln $ mln $ mln ^ 34 0 65 223 2751 527 72,632 213 133,228 US ($) Europe ( ) 2 Worldwide ($) 1 Equity 39-2 2066 2105-35 -155-2,884-404 -21,370 Bond 14-1 1314 1348-20 -243 47,513-759 89,365 Multiasset 29 3 8 11 1 501 13,625 925 24,823 Money mkt 261 1 229 149-14 0-468 14 3,854 Alternative 23-2 4 8 82 452 5,680 470 8,358 mln mln ^ 20-3 38 56 39 439 37,570 542 99,677 Equity 26-1 943 973-2 -65 1,534-180 5,587 Bond 6 0 656 670-22 -389 24,309-523 38,837 Multiasset 16 0 7 8-1 492 9,727 900 17,190 Money mkt 128 3 63 49-5 4-4,135 21 26,457 Alternative 13 0 4 7 49 425 5,347 442 8,301 $ mln $ mln ^ 54 0 72 716 10 61 7,689-365 -47,946 US Equity 433-392 474 471 0-83 -10,138-201 -33,165 Intern. Equity 129 0 199 195-3 -4 1,163-9 65 Taxable Bond 32-1 32 260 8 170 16,999-201 26,325 Municipal Bond 38 1 38 15-5 3 2,186 94 6,009 Multiasset 51-1 167 165-2 -21-2,161-40 -4,468 Money mkt 70 0 38 33-2 -4-108 -8-41,625 Alternative -... - -... - -531 - -1,101 $ mln $ mln ^ 117 12 49 39-7 116 17,791 492 47,086 Asia (ex China) ($) 3 Equity 161 3 67 55-4 1 460 5-543 Bond 69 8 52 30-3 14 4,539 144 12,925 Multiasset 138 11 38 35-5 5 1,844 8 3,562 Money mkt 65 13 41 36-8 96 11,372 335 29,832 Alternative _... - _... - -567 _ -684 1 Australia and global cross border funds included in global figures, but not China. Morningstar provides a ranking by brand, not by company, thus in the worldwide ranking Pioneer Pekao and Baroda Pioneer are excluded in Pioneer data. 2 In Europe Pioneer Pekao not included in Pioneer data. 3 Asia includes just local funds. ^ include also "other" category not shown here.

PIONEER RANKING Universe: FoF & Feeder funds FoF & Feeder AUM ranking YTD Δ Dec'16 month NET FLOWS ranking YTD YTD Δ prev. month Pioneer FLOWS IN THE MONTH $/ mln $/ mln Worldwide ($) 35-3 1255 1280-29 -238 14,821-443 37,944 Europe ( ) 4 0 569 586-22 -217 4,701-405 11,488 US ($) 67-1 128 122-24 -8 2,990-8 10,705 $/ mln Market FLOWS IN THE MONTH Pioneer YTD FLOWS Market YTD FLOWS Active & index (ex ETF) PIONEER RANKING Pioneer FLOWS IN Market FLOWS IN AUM ranking NET FLOWS ranking Pioneer YTD FLOWS Market YTD FLOWS THE MONTH THE MONTH YTD Δ Dec'16 month YTD Universe: MUTUAL FUNDS ex ETF^ YTD Δ prev. month $/ mln $/ mln Worldwide $ 1 36 0 74 345 2654 457 97,490 96 196,868 Europe 2 20-1 42 60 81 373 39,347 433 105,026 US $ 55 0 79 722 10 61 33,574-365 15,550 Asia (ex China) $ 3 117 13 49 40-9 116 17,959 492 47,168 $/ mln Active & Passive AUM ranking YTD Δ Dec'16 month YTD PIONEER RANKING Universe: ACTIVE & PASSIVE FUNDS^ NET FLOWS ranking $/ mln $/ mln Worldwide $ 1 38 0 88 373 2710 457 166,452 96 328,751 Europe 2 23-2 47 66 82 373 50,726 433 127,721 US $ 63-1 93 801 9 61 82,881-365 105,196 Asia (ex China) $ 3 122 16 54 44-6 116 24,238 492 63,380 *Morningstar provides a ranking by brand, not by company, thus in the worldwide ranking Pioneer Pekao and Baroda Pioneer are excluded. *In Europe Pioneer Pekao not included. include also "other" category not shown here. ^ex Feeder and FoFs YTD Δ prev. month Pioneer FLOWS IN THE MONTH $/ mln Market FLOWS IN THE MONTH Pioneer YTD FLOWS Market YTD FLOWS For internal use only Page 2

Worldwide Univ: ACTIVE FUNDS (ex Index, ETF)^ Top players by AUM Top sellers month Top sellers Ytd 1 Fidelity 1,761,483 1 PIMCO 5,812 1 Amundi 19,690 2 American Funds 1,338,004 2 JPMorgan 4,976 2 BBDTVM 13,545 3 Vanguard 1,112,331 3 BBDTVM 4,879 3 PIMCO 9,711 4 JPMorgan 878,618 4 BlackRock 4,774 4 Vanguard 8,100 5 BlackRock 689,944 5 Dimensional 3,729 5 Dimensional 7,465 6 T. Rowe Price 528,009 6 Vanguard 3,623 6 Northern 5,678 7 Franklin Templeton 524,228 7 Legal & General 2,833 7 JPMorgan 5,652 8 Goldman Sachs 417,324 8 Dreyfus 2,680 8 BNP Paribas 4,990 9 PIMCO 410,718 9 Aviva 2,571 9 Eurizon Capital 3,688 10 Invesco 355,633 10 Eurizon Capital 2,348 10 Birla Sun Life 3,325 34 Pioneer Investments 145,335 65 Pioneer Investments 527 223 Pioneer Investments 213 3,012 Bradesco -3,810 3,089 Federated -10,373 3,013 Amundi -5,794 3,090 Fidelity -16,504 3,014 Goldman Sachs -11,742 3,091 Goldman Sachs -22,025 Total 24,630,614 Total 72,632 Total 133,228 Equity 1 Fidelity 878,529 1 Dimensional 2,560 1 Dimensional 5,232 2 American Funds 873,691 2 Goldman Sachs 1,290 2 Natixis 1,266 3 Vanguard 383,646 3 Nomura 1,172 3 Delta Lloyd 1,247 4 T. Rowe Price 368,029 4 Schroders 926 4 Lazard 1,157 5 Dimensional 248,221 5 Pictet 848 5 Pictet 1,130 6 JPMorgan 244,698 6 Natixis 764 6 Nomura 1,117 7 Franklin Templeton 180,936 7 John Hancock 718 7 Parnassus 1,115 8 MFS 171,579 8 J O Hambro 606 8 Eastspring Investments 1,112 9 Invesco 170,104 9 Eurizon Capital 536 9 RBC 1,087 10 Dodge & Cox 130,203 10 Parnassus 495 10 Goldman Sachs 1,082 39 Pioneer Investments 43,335 2,066 Pioneer Investments -155 2,105 Pioneer Investments -404 2,108 Harbor -1,189 2,145 Allianz Global Investors -2,012 2,109 AXA -1,342 2,146 Columbia Threadneedle Investments -2,434 2,110 Fidelity -3,400 2,147 Fidelity -11,449 Total 9,371,374 Total -2,884 Total -21,370 Bond 1 PIMCO 360,995 1 PIMCO 5,438 1 PIMCO 9,691 2 Fidelity 223,999 2 Insight 4,925 2 Insight 4,951 3 Vanguard 223,075 3 Itau 2,138 3 Lord Abbett 3,881 4 JPMorgan 145,056 4 Lord Abbett 2,060 4 BBDTVM 3,055 5 Franklin Templeton 143,731 5 Vanguard 1,716 5 Itau 2,846 6 BlackRock 126,393 6 T. Rowe Price 1,659 6 Vanguard 2,507 7 American Funds 96,093 7 BlackRock 1,506 7 T. Rowe Price 2,319 8 Metropolitan West 87,671 8 UBS 1,408 8 Guggenheim 2,285 9 T. Rowe Price 86,556 9 Guggenheim 1,315 9 Credit Suisse 2,244 10 Itau 75,501 10 AB (AllianceBernstein) 1,298 10 BlackRock 2,148 14 Pioneer Investments 67,905 1,314 Pioneer Investments -243 1,348 Pioneer Investments -759 1,325 Santander -871 1,351 Santander -1,426 1,326 Danske Invest -1,706 1,352 Franklin Templeton -1,620 1,327 Bradesco -3,329 1,353 Danske Invest -2,720 Total 5,558,294 Total 47,513 Total 89,365 For internal use only Page 3

Worldwide Univ: ACTIVE FUNDS (ex Index, ETF)^ Top players by AUM Top sellers month Top sellers Ytd Money mkt Multiasset 1 American Funds 325,624 1 M&G 1,143 1 M&G 1,837 2 Vanguard 153,127 2 Amundi 911 2 JPMorgan 1,635 3 Fidelity 140,967 3 JPMorgan 842 3 Allianz Global Investors 1,535 4 Franklin Templeton 123,111 4 Allianz Global Investors 720 4 Amundi 1,321 5 BlackRock 91,947 5 Union Investment 649 5 Union Investment 1,254 6 AustralianSuper 75,982 6 Flossbach von Storch 528 6 Flossbach von Storch 1,177 7 Eurizon Capital 66,571 7 Eurizon Capital 505 7 American Funds 1,141 8 REST 60,362 8 Pioneer Investments 501 8 Eurizon Capital 1,114 9 First Eagle 54,096 9 Legg Mason 484 9 Legg Mason 1,003 10 HESTA 49,327 10 American Funds 413 10 AustralianSuper 977 29 Pioneer Investments 20,685 8 Pioneer Investments 501 11 Pioneer Investments 925 1,276 Ivy -365 1,304 Ivy -758 1,277 Aletti Gestielle -377 1,305 Aletti Gestielle -1,266 1,278 BlackRock -673 1,306 BlackRock -1,459 Total 3,166,494 Total 13,625 Total 24,823 1 Fidelity 481,852 1 BlackRock 4,641 1 Amundi 16,561 2 JPMorgan 409,985 2 JPMorgan 3,637 2 Northern 5,631 3 BlackRock 305,679 3 Dreyfus 2,911 3 JPMorgan 4,744 4 Goldman Sachs 277,183 4 Legal & General 2,839 4 BNP Paribas 4,228 5 Vanguard 211,998 5 Fidelity 2,589 5 Vanguard 2,832 6 Federated 196,176 6 State Street 1,965 6 Legal & General 2,774 7 Amundi 168,585 7 Birla Sun Life 1,045 7 AXA 2,644 8 Schwab 159,314 8 KIM 853 8 Dreyfus 2,617 9 Dreyfus 151,467 9 Vanguard 830 9 Prudential 2,612 10 Morgan Stanley 139,399 10 Aviva 785 10 UBS Hana 2,399 261 Pioneer Investments 508 229 Pioneer Investments 0 149 Pioneer Investments 14 556 Wells Fargo -2,381 576 Fidelity -6,355 557 Amundi -6,652 577 Federated -10,238 558 Goldman Sachs -13,767 578 Goldman Sachs -25,063 Total 4,057,167 Total -468 Total 3,854 Alternative 1 Standard Life 46,283 1 Aviva 1,844 1 AQR 2,486 2 BBDTVM 43,099 2 AQR 1,500 2 Aviva 2,054 3 AQR 30,149 3 Old Mutual 600 3 AdamCapital 1,123 4 BNY Mellon 23,325 4 Pioneer Investments 452 4 Old Mutual 1,024 5 Natixis 21,630 5 BlackRock 412 5 Invesco 933 6 BlackRock 20,515 6 Nordea 406 6 Goldman Sachs 590 7 Invesco 19,353 7 Invesco 313 7 Schroders 517 8 Aviva 14,773 8 Mercer Global Investments 290 8 Pioneer Investments 470 9 JPMorgan 12,082 9 Legg Mason 238 9 Deutsche Asset Management 465 10 LGT 12,035 10 Deutsche Asset Management 218 10 Nordea 437 23 Pioneer Investments 7,305 4 Pioneer Investments 452 8 Pioneer Investments 470 954 Standard Life -519 970 JPMorgan -1,009 955 STB Asset Management -562 971 Standard Life -1,407 956 JPMorgan -674 972 Bradesco -2,590 Total 740,842 Total 5,680 Total 8,358 Australia and global cross border funds included in global figures, but not China. "Pioneer investments" excludes Pioneer Pekao and Baroda Pioneer. include also "other" category not shown here. ^ Feeder and FoFs also excluded. For internal use only Page 4

Worldwide Universe: FoF & Feeder funds Top players by AUM Top sellers month Top sellers Ytd 1 Vanguard 378,219 1 Vanguard 4,859 1 Vanguard 12,991 2 Fidelity 296,898 2 BBDTVM 2,616 2 BBDTVM 9,236 3 T. Rowe Price 171,625 3 Itau 2,049 3 American Funds 4,428 4 Itau 133,865 4 American Funds 1,722 4 Itau 3,331 5 Bradesco 97,733 5 Goldman Sachs 1,245 5 Amundi 3,104 6 BBDTVM 96,300 6 BlackRock 1,047 6 T. Rowe Price 2,209 7 American Funds 92,237 7 Amundi 1,016 7 BlackRock 1,983 8 JPMorgan 70,822 8 RBC 965 8 Caixa 1,647 9 Santander 69,979 9 T. Rowe Price 834 9 RBC 1,612 10 Eastspring Investments 66,656 10 Fidelity 789 10 Bradesco 1,285 35 Pioneer Investments 25,541 1,255 Pioneer Investments -238 1,280 Pioneer Investments -443 1,261 HSBC -1,017 1,289 Fidelity -2,439 1,262 Wells Fargo -3,545 1,290 Wells Fargo -5,138 1,263 Eastspring Investments -6,432 1,291 Eastspring Investments -11,268 Total 3,924,554 Total 14,821 Total 37,944 Worldwide Univ: MUTUTAL FUNDS ex ETF^ Top players by AUM Top sellers month Top sellers Ytd 1 Vanguard 3,306,490 1 Vanguard 21,528 1 Vanguard 56,887 2 Fidelity 2,038,837 2 BlackRock 5,825 2 Amundi 19,788 3 American Funds 1,338,004 3 PIMCO 5,812 3 BBDTVM 13,543 4 JPMorgan 880,329 4 Insight 4,994 4 PIMCO 9,711 5 BlackRock 795,967 5 JPMorgan 4,919 5 Dimensional 7,582 6 T. Rowe Price 561,044 6 BBDTVM 4,877 6 Northern 5,858 7 Franklin Templeton 524,314 7 Dimensional 3,715 7 JPMorgan 5,577 8 Goldman Sachs 417,324 8 Fidelity 3,594 8 BNP Paribas 5,202 9 PIMCO 410,718 9 Legal & General 3,109 9 Eurizon Capital 3,431 10 Invesco 364,683 10 Dreyfus 2,757 10 State Street 3,415 36 Pioneer Investments 146,983 74 Pioneer Investments 457 345 Pioneer Investments 96 3,032 Bradesco -3,870 3,110 Fidelity -10,016 3,033 Amundi -5,999 3,111 Federated -10,399 3,034 Goldman Sachs -11,742 3,112 Goldman Sachs -22,025 Total 28,167,475 Total 97,490 Total 196,868 Worldwide Univ: ACTIVE & PASSIVE FUNDS (incl. ETF)^ Top players by AUM Top sellers month Top sellers Ytd 1 Vanguard 4,014,646 1 Vanguard 34,921 1 Vanguard 85,705 2 Fidelity 2,044,569 2 ishares 19,522 2 ishares 38,182 3 ishares 1,385,389 3 State Street 11,362 3 Amundi 22,144 4 American Funds 1,338,004 4 PIMCO 6,270 4 State Street 14,099 5 JPMorgan 885,502 5 BlackRock 6,105 5 BBDTVM 13,543 6 BlackRock 802,332 6 JPMorgan 5,011 6 PIMCO 10,257 7 State Street 641,743 7 Insight 4,994 7 Nomura 8,496 8 Franklin Templeton 576,637 8 BBDTVM 4,877 8 Dimensional 7,582 9 T. Rowe Price 561,044 9 Nomura 4,113 9 Northern 5,858 10 PIMCO 430,257 10 Fidelity 3,797 10 JPMorgan 5,741 38 Pioneer Investments 146,983 88 Pioneer Investments 457 373 Pioneer Investments 96 3,116 Bradesco -3,870 3,194 Fidelity -9,654 3,117 Amundi -4,346 3,195 Federated -10,399 3,118 Goldman Sachs -11,718 3,196 Goldman Sachs -21,869 Total 31,967,309 Total 166,452 Total 328,751 Australia and global cross border funds included in global figures, but not China. "Pioneer investments" excludes Pioneer Pekao and Baroda Pioneer. include also "other" category not shown here. ^ Feeder and FoFs also excluded. For internal use only Page 5

Europe Univ: ACTIVE FUNDS (ex Index, ETF)^ Top players by AUM mln Top sellers month mln Top sellers Ytd mln 1 BlackRock 296,796 1 Insight 4,709 1 Amundi 18,109 2 JPMorgan 296,220 2 PIMCO 4,241 2 PIMCO 6,619 3 Amundi 272,807 3 Legal & General 2,666 3 JPMorgan 5,620 4 BNP Paribas 174,752 4 Aviva 2,419 4 BNP Paribas 4,548 5 Deutsche Asset Management 165,420 5 State Street 2,237 5 Eurizon Capital 3,449 6 Fidelity 151,043 6 Eurizon Capital 2,210 6 AXA 3,233 7 UBS 150,642 7 JPMorgan 1,551 7 BlackRock 2,938 8 Schroders 144,699 8 M&G 1,523 8 Aviva 2,546 9 Union Investment 143,442 9 Schroders 1,434 9 Invesco 2,546 10 Nordea 142,146 10 UBS 1,288 10 Legal & General 2,546 20 Pioneer Investments 100,236 38 Pioneer Investments 439 56 Pioneer Investments 542 1,356 KBC -1,507 1,386 Danske Invest -2,093 1,357 Goldman Sachs -1,561 1,387 KBC -2,095 1,358 Amundi -5,460 1,388 Goldman Sachs -4,087 Total 7,715,657 Total 37,570 Total 99,677 Equity 1 Fidelity 96,712 1 Goldman Sachs 1,340 1 Goldman Sachs 1,361 2 Schroders 84,684 2 Schroders 859 2 Delta Lloyd 1,154 3 Deutsche Asset Management 73,772 3 Pictet 767 3 Eastspring Investments 1,123 4 BlackRock 70,940 4 Eurizon Capital 504 4 Pictet 1,004 5 JPMorgan 67,984 5 Morgan Stanley 469 5 Schroders 867 6 Invesco 56,549 6 Eastspring Investments 431 6 DNB 830 7 UBS 46,462 7 Wellington Management 368 7 Robeco 768 8 Swedbank 45,703 8 CapitalatWork 306 8 Eurizon Capital 513 9 Nordea 42,894 9 Handelsbanken 291 9 Wellington Management 422 10 Franklin Templeton 41,481 10 Lazard 265 10 Morgan Stanley 409 26 Pioneer Investments 23,488 943 Pioneer Investments -65 973 Pioneer Investments -180 986 ABN AMRO -624 1,002 Henderson -736 987 BlackRock -744 1,003 AXA -866 988 AXA -784 1,004 Allianz Global Investors -926 Total 2,468,519 Total 1,534 Total 5,587 Bond 1 PIMCO 96,493 1 Insight 4,635 1 PIMCO 6,417 2 BlackRock 57,204 2 PIMCO 4,123 2 Insight 4,658 3 Nordea 56,215 3 UBS 1,286 3 Credit Suisse 1,953 4 Franklin Templeton 55,403 4 BlackRock 1,198 4 Carmignac 1,898 5 UBS 52,123 5 Carmignac 1,124 5 BlackRock 1,712 6 Pioneer Investments 48,185 6 Swiss Re 1,001 6 Invesco 1,669 7 AXA 46,192 7 Muzinich 985 7 AXA 1,562 8 Amundi 45,513 8 GAM 905 8 Eurizon Capital 1,541 9 JPMorgan 43,507 9 Eurizon Capital 850 9 GAM 1,493 10 Deutsche Asset Management 41,076 10 AXA 844 10 UBS 1,399 6 Pioneer Investments 48,185 656 Pioneer Investments -389 670 Pioneer Investments -523 657 LGIM -452 672 KBC -697 658 KBC -586 673 Lægernes Invest -978 659 Danske Invest -1,605 674 Danske Invest -2,544 Total 2,138,501 Total 24,309 Total 38,837 For internal use only Page 6

Europe Univ: ACTIVE FUNDS (ex Index, ETF)^ Top players by AUM mln Top sellers month mln Top sellers Ytd mln Multiasset 1 Eurizon Capital 62,650 1 M&G 1,075 1 M&G 1,716 2 BlackRock 32,279 2 Amundi 745 2 Allianz Global Investors 1,419 3 Carmignac 29,657 3 Allianz Global Investors 677 3 Union Investment 1,170 4 UBS 29,205 4 Union Investment 611 4 Flossbach von Storch 1,097 5 Nordea 28,689 5 JPMorgan 570 5 Amundi 1,060 6 M&G 28,575 6 Flossbach von Storch 497 6 Eurizon Capital 1,039 7 Capfi Delen Asset Management 28,073 7 Pioneer Investments 492 7 JPMorgan 951 8 Allianz Global Investors 27,914 8 Eurizon Capital 475 8 Pioneer Investments 900 9 JPMorgan 26,079 9 BNP Paribas 358 9 BNP Paribas 732 10 KBC 22,647 10 Fidelity 292 10 Fidelity 628 16 Pioneer Investments 17,910 7 Pioneer Investments 492 8 Pioneer Investments 900 773 Bantleon Bank -200 786 7IM -526 774 Deutsche Asset Management -319 787 Deutsche Asset Management -538 775 Aletti Gestielle -355 788 Aletti Gestielle -1,178 Total 1,166,188 Total 9,727 Total 17,190 Money mkt 1 Amundi 158,653 1 Legal & General 2,671 1 Amundi 15,220 2 JPMorgan 146,893 2 State Street 1,856 2 JPMorgan 4,118 3 BlackRock 115,924 3 JPMorgan 910 3 BNP Paribas 3,882 4 Goldman Sachs 89,382 4 Aviva 739 4 Legal & General 2,612 5 BNP Paribas 77,254 5 Crédit Mutuel 702 5 AXA 2,527 6 Natixis 38,816 6 AXA 572 6 Morgan Stanley 1,992 7 HSBC 37,343 7 Ignis 516 7 State Street 1,801 8 Crédit Mutuel 35,015 8 BlackRock 373 8 Generali 1,545 9 Morgan Stanley 34,198 9 NN IP 319 9 Aviva 1,009 10 Legal & General 33,339 10 La Caixa 289 10 OFI 926 128 Pioneer Investments 188 63 Pioneer Investments 4 49 Pioneer Investments 21 224 Groupama -934 231 Deutsche Bank -1,078 225 Goldman Sachs -3,428 232 Insight -2,209 226 Amundi -6,260 233 Goldman Sachs -6,799 Total 1,205,700 Total -4,135 Total 26,457 Alternative 1 Standard Life 43,556 1 Aviva 1,735 1 Aviva 1,930 2 BNY Mellon 21,373 2 AQR 877 2 AQR 1,203 3 Invesco 17,248 3 Old Mutual 562 3 Old Mutual 954 4 BlackRock 14,480 4 Pioneer Investments 425 4 Invesco 863 5 Aviva 13,903 5 BlackRock 417 5 Goldman Sachs 489 6 JPMorgan 9,610 6 Nordea 382 6 Schroders 482 7 Old Mutual 9,237 7 Invesco 295 7 Pioneer Investments 442 8 Deutsche Asset Management 8,526 8 Mercer Global Investments 273 8 BlackRock 425 9 GAM 8,308 9 Legg Mason 228 9 Deutsche Asset Management 418 10 Schroders 8,111 10 Deutsche Asset Management 200 10 Nordea 411 13 Pioneer Investments 6,875 4 Pioneer Investments 425 7 Pioneer Investments 442 443 GAM -291 452 GAM -584 444 Standard Life -489 453 JPMorgan -950 445 JPMorgan -651 454 Standard Life -1,310 Total 409,724 Total 5,347 Total 8,301 "Pioneer investments" excludes Pioneer Pekao. "" include also "other" category not shown here. ^ Feeder and FoFs also excluded. For internal use only Page 7

Europe Universe: FoF & Feeder funds Top players by AUM mln Top sellers month mln Top sellers Ytd mln 1 Amundi 47,695 1 Amundi 1,068 1 Amundi 3,117 2 BNP Paribas 28,144 2 BBVA 546 2 Deutsche Asset Management 884 3 Nordea 25,546 3 SEI 451 3 BBVA 697 4 Pioneer Investments 23,530 4 Vanguard 389 4 Vanguard 624 5 Deutsche Asset Management 23,077 5 Bankia 388 5 BNP Paribas 592 6 Credit Suisse 19,011 6 BNP Paribas 305 6 SEI 579 7 Deka 17,726 7 Credit Suisse 302 7 Bankia 560 8 Mediolanum 16,200 8 Deutsche Asset Management 287 8 Credit Suisse 487 9 Standard Life 15,607 9 Pictet 161 9 DNB 372 10 BlackRock 15,285 10 Legal & General 158 10 Legal & General 348 4 Pioneer Investments 23,530 569 Pioneer Investments -217 586 Pioneer Investments -405 569 Pioneer Investments -217 584 Eurizon Capital -287 570 UBS -245 585 Crédit Mutuel -344 571 Crédit Mutuel -433 586 Pioneer Investments -405 Total 809,825 Total 4,701 Total 11,488 Europe Univ: MUTUTAL FUNDS ex ETF^ 1 BlackRock 384,698 1 Insight 4,709 1 Amundi 18,246 2 JPMorgan 296,220 2 PIMCO 4,241 2 PIMCO 6,619 3 Amundi 278,151 3 Legal & General 2,926 3 JPMorgan 5,620 4 UBS 224,654 4 Aviva 2,416 4 BNP Paribas 4,986 5 BNP Paribas 179,588 5 Eurizon Capital 2,087 5 BlackRock 3,533 6 Deutsche Asset Management 165,420 6 BlackRock 1,802 6 AXA 3,238 7 Fidelity 155,552 7 State Street 1,779 7 Eurizon Capital 3,210 8 Union Investment 144,997 8 JPMorgan 1,551 8 Legal & General 3,108 9 Schroders 144,699 9 M&G 1,526 9 Credit Suisse 3,051 10 Nordea 144,034 10 Schroders 1,434 10 Invesco 2,546 20 Pioneer Investments 101,787 42 Pioneer Investments 373 60 Pioneer Investments 433 1,364 RBS -1,403 1,395 Danske Invest -1,714 1,365 Goldman Sachs -1,561 1,396 KBC -1,735 1,366 Amundi -5,638 1,397 Goldman Sachs -4,087 Total 8,305,362 Total 39,347 Total 105,026 Europe Univ: ACTIVE & PASSIVE FUNDS (incl. ETF)^ 1 BlackRock 384,698 1 Insight 4,709 1 Amundi 20,452 2 Amundi 306,104 2 PIMCO 4,383 2 ishares 7,256 3 JPMorgan 296,220 3 ishares 3,510 3 PIMCO 6,963 4 ishares 267,893 4 Legal & General 2,926 4 JPMorgan 5,620 5 UBS 257,615 5 Aviva 2,416 5 BNP Paribas 4,978 6 BNP Paribas 180,332 6 UBS 2,385 6 UBS 3,798 7 Deutsche Asset Management 165,420 7 Lyxor 2,347 7 State Street 3,631 8 Fidelity 155,552 8 State Street 2,283 8 BlackRock 3,533 9 Union Investment 144,997 9 Eurizon Capital 2,087 9 Lyxor 3,478 10 Schroders 144,699 10 BlackRock 1,802 10 AXA 3,238 23 Pioneer Investments 101,787 47 Pioneer Investments 373 66 Pioneer Investments 433 1,376 RBS -1,403 1,407 Danske Invest -1,714 1,377 Goldman Sachs -1,561 1,408 KBC -1,735 1,378 Amundi -4,082 1,409 Goldman Sachs -4,087 Total 8,888,727 Total 50,726 Total 127,721 "Pioneer investments" excludes Pioneer Pekao. "" include also "other" category not shown here. ^ Feeder and FoFs also excluded. For internal use only Page 8

US Univ: ACTIVE FUNDS (ex Index, ETF)^ Top players by AUM Top sellers month Top sellers Ytd 1 Fidelity Investments 1,473,514 1 BlackRock 4,514 1 Vanguard 7,799 2 American Funds 1,338,004 2 Vanguard 3,504 2 Northern Funds 5,678 3 Vanguard 1,091,401 3 JPMorgan 3,129 3 UBS 3,201 4 JPMorgan 529,427 4 Dreyfus 2,680 4 American Funds 2,505 5 T. Rowe Price 513,220 5 State Street Global Advisors (Chicago) 2,143 5 Lord Abbett 2,484 6 BlackRock 451,816 6 Deutsche Asset Management 1,723 6 Dreyfus 2,473 7 Franklin Templeton Investments 405,692 7 T. Rowe Price 1,690 7 Guggenheim Investments 2,340 8 Pimco 295,213 8 Lord Abbett 1,547 8 T. Rowe Price 2,188 9 Goldman Sachs 262,279 9 Guggenheim Investments 1,346 9 Pimco 2,065 10 Federated 251,726 10 American Funds 1,269 10 Nuveen 1,814 54 Pioneer Investments 38,824 72 Pioneer Investments 61 716 Pioneer Investments -365 752 Federated -1,539 752 Federated -10,530 753 Wells Fargo Funds -2,956 753 Fidelity Investments -17,489 754 Goldman Sachs -10,101 754 Goldman Sachs -17,780 Total 12,678,542 Total 7,689 Total -47,946 Taxable bond International Equity US Equity 1 Fidelity Investments 612,167 1 Parnassus 495 1 Parnassus 1,114 2 American Funds 525,986 2 DoubleLine 467 2 DoubleLine 701 3 Vanguard 324,808 3 John Hancock 423 3 PRIMECAP Odyssey Funds 608 4 T. Rowe Price 296,585 4 T. Rowe Price 330 4 Dodge & Cox 606 5 JPMorgan 131,173 5 PRIMECAP Odyssey Funds 317 5 Edgewood 517 6 MFS 94,754 6 Principal Funds 281 6 Legg Mason 423 7 Invesco 83,747 7 Hamlin Capital Management, LLC 273 7 Bridge Builder 388 8 Columbia 72,018 8 Legg Mason 205 8 Victory 374 9 American Century Investments 71,832 9 Dodge & Cox 191 9 Oakmark 345 10 Janus 70,683 10 KP Funds 188 10 Hamlin Capital Management, LLC 275 433 Pioneer Investments 17,955 474 Pioneer Investments -83 471 Pioneer Investments -201 514 Columbia -870 514 Vanguard -1,767 515 Prudential Investments -981 515 Columbia -1,938 516 Fidelity Investments -2,633 516 Fidelity Investments -9,160 Total 4,132,304 Total -10,138 Total -33,165 1 American Funds 347,705 1 Oakmark 660 1 Oakmark 1,228 2 Fidelity Investments 102,468 2 American Funds 519 2 FMI Funds 750 3 OppenheimerFunds 75,412 3 Harding Loevner 406 3 Harding Loevner 730 4 Dodge & Cox 64,691 4 FMI Funds 393 4 Lazard 639 5 Franklin Templeton Investments 62,440 5 JOHCM Funds 350 5 Hartford Mutual Funds 624 6 T. Rowe Price 61,882 6 John Hancock 295 6 OppenheimerFunds 591 7 MFS 53,008 7 Nationwide 282 7 First Eagle 567 8 Vanguard 41,400 8 First Eagle 245 8 Nationwide 472 9 Harbor 35,277 9 OppenheimerFunds 231 9 JOHCM Funds 456 10 Oakmark 35,201 10 Bridge Builder 158 10 American Funds 449 129 Pioneer Investments 422 199 Pioneer Investments -4 195 Pioneer Investments -9 260 Franklin Templeton Investments -404 260 GMO -1,298 261 GMO -584 261 Harbor -1,549 262 Harbor -1,100 262 Fidelity Investments -1,670 Total 1,517,080 Total 1,163 Total 65 1 Pimco 251,135 1 Lord Abbett 1,900 1 Lord Abbett 3,516 2 Vanguard 223,075 2 Vanguard 1,716 2 Vanguard 2,507 3 Fidelity Investments 166,062 3 Guggenheim Investments 1,285 3 Pimco 2,304 4 American Funds 96,093 4 T. Rowe Price 1,186 4 Guggenheim Investments 2,304 5 JPMorgan 92,661 5 Pimco 778 5 T. Rowe Price 1,689 6 Metropolitan West Funds 87,671 6 Baird 621 6 Baird 1,477 7 T. Rowe Price 81,384 7 American Funds 612 7 American Funds 1,258 8 Franklin Templeton Investments 76,826 8 Prudential Investments 603 8 Morgan Stanley 1,167 9 BlackRock 74,366 9 Legg Mason 585 9 Eaton Vance 866 10 Lord Abbett 73,393 10 Morgan Stanley 559 10 Prudential Investments 811 32 Pioneer Investments 16,703 32 Pioneer Investments 170 260 Pioneer Investments -201 269 Stone Harbor -193 269 Natixis Funds -373 270 Wells Fargo Funds -232 270 Legg Mason -377 271 Franklin Templeton Investments -620 271 Franklin Templeton Investments -1,505 Total 2,334,707 Total 16,999 Total 26,325 For internal use only Page 9

US Univ: ACTIVE FUNDS (ex Index, ETF)^ Top players by AUM Top sellers month Top sellers Ytd Municipal bond 1 Vanguard 136,660 1 Vanguard 1,349 1 Vanguard 3,618 2 Franklin Templeton Investments 67,461 2 Nuveen 302 2 Nuveen 1,048 3 Nuveen 39,925 3 MainStay 219 3 MainStay 439 4 Fidelity Investments 30,800 4 Invesco 190 4 Invesco 372 5 American Funds 24,631 5 T. Rowe Price 114 5 Goldman Sachs 344 6 OppenheimerFunds 23,148 6 Goldman Sachs 112 6 MFS 273 7 Wells Fargo Funds 20,746 7 OppenheimerFunds 108 7 OppenheimerFunds 199 8 T. Rowe Price 20,121 8 Aspiriant 101 8 AllianceBernstein 195 9 AllianceBernstein 18,243 9 AllianceBernstein 98 9 Fidelity Investments 164 10 Invesco 15,367 10 Old Westbury 79 10 American Funds 139 38 Pioneer Investments 1,783 38 Pioneer Investments 3 15 Pioneer Investments 94 112 Columbia -129 112 Legg Mason -208 113 Franklin Templeton Investments -179 113 Lord Abbett -252 114 Deutsche Asset Management -198 114 Franklin Templeton Investments -388 Total 622,293 Total 2,186 Total 6,009 Multiasset 1 American Funds 325,624 1 American Funds 413 1 American Funds 1,141 2 Vanguard 151,176 2 First Eagle 285 2 First Eagle 515 3 Franklin Templeton Investments 116,338 3 Vanguard 238 3 Vanguard 392 4 Fidelity Investments 90,166 4 FPA 153 4 Hartford Mutual Funds 357 5 BlackRock 58,730 5 Hartford Mutual Funds 152 5 Columbia 263 6 First Eagle 54,096 6 Nuveen 78 6 FPA 160 7 T. Rowe Price 37,258 7 Columbia 78 7 Nuveen 155 8 Invesco 21,469 8 Chiron Investment Management 64 8 Chiron Investment Management 137 9 FPA 17,386 9 Old Westbury 59 9 Old Westbury 122 10 Jackson National 16,874 10 SEI 37 10 SEI 114 51 Pioneer Investments 1,654 167 Pioneer Investments -21 165 Pioneer Investments -40 191 Franklin Templeton Investments -310 191 Franklin Templeton Investments -591 192 Ivy Funds -361 192 Ivy Funds -753 193 BlackRock -731 193 BlackRock -1,507 Total 1,211,212 Total -2,161 Total -4,468 Money mkt 1 Fidelity Investments 468,182 1 BlackRock 5,216 1 Northern Funds 5,631 2 JPMorgan 253,548 2 Dreyfus 2,911 2 UBS 3,385 3 BlackRock 248,202 3 JPMorgan 2,678 3 Vanguard 2,824 4 Vanguard 211,914 4 Fidelity Investments 2,497 4 Dreyfus 2,617 5 Federated 185,849 5 Deutsche Asset Management 2,156 5 Prudential Investments 2,598 6 Goldman Sachs 182,206 6 State Street Global Advisors (Chicago) 2,151 6 Deutsche Asset Management 2,500 7 Schwab Funds 159,314 7 Franklin Templeton Investments 922 7 BlackRock 687 8 Dreyfus 151,467 8 Vanguard 825 8 State Street Global Advisors (Chicago) 574 9 Morgan Stanley 103,061 9 UBS 603 9 Franklin Templeton Investments 530 10 Northern Funds 96,355 10 Prudential Investments 548 10 T. Rowe Price 376 70 Pioneer Investments 307 38 Pioneer Investments -4 33 Pioneer Investments -8 83 Invesco -1,583 84 Morgan Stanley -7,081 84 Wells Fargo Funds -2,435 85 Federated -10,384 85 Goldman Sachs -10,124 86 Goldman Sachs -17,777 Total 2,671,943 Total -108 Total -41,625 Alternative 1 AQR Funds 26,453 1 AQR Funds 568 1 AQR Funds 1,202 2 Natixis Funds 12,622 2 Direxion Funds 122 2 Catalyst Mutual Funds 248 3 Pimco 9,319 3 Diamond Hill Funds 80 3 Calamos 179 4 Boston Partners 8,403 4 Litman Gregory Masters Funds 67 4 Direxion Funds 120 5 John Hancock 8,078 5 Guggenheim Investments 67 5 Litman Gregory Masters Funds 94 6 BlackRock 5,035 6 American Beacon 60 6 Diamond Hill Funds 83 7 Catalyst Mutual Funds 4,741 7 Calamos 57 7 Vanguard 69 8 Diamond Hill Funds 4,731 8 Catalyst Mutual Funds 36 8 Goldman Sachs 63 9 Calamos 4,434 9 Vanguard 33 9 Principal Funds 56 10 Blackstone 4,327 10 Arbitrage Fund 32 10 Highmore 53 - Pioneer Investments - - Pioneer Investments - - Pioneer Investments - 201 Blackstone -171 201 Natixis Funds -308 202 Natixis Funds -264 202 Equinox Funds Trust -314 203 John Hancock -381 203 John Hancock -742 Total 163,964 Total -531 Total -1,101 "" include also "other" category not shown here. ^ Feeder and FoFs also excluded. For internal use only Page 10

US Universe: FoF & Feeder funds Top players by AUM Top sellers month Top sellers Ytd 1 Vanguard 365,663 1 Vanguard 4,283 1 Vanguard 12,139 2 Fidelity Investments 277,162 2 American Funds 1,722 2 American Funds 4,428 3 T. Rowe Price 171,625 3 T. Rowe Price 834 3 T. Rowe Price 2,209 4 American Funds 92,237 4 Fidelity Investments 776 4 State Street Global Advisors (Chicago) 1,237 5 JPMorgan 62,675 5 TIAA-CREF Asset Management 367 5 TIAA-CREF Asset Management 859 6 John Hancock 55,912 6 JPMorgan 274 6 Dimensional Fund Advisors 491 7 AXA Equitable 46,884 7 Dimensional Fund Advisors 207 7 Swan 194 8 Jackson National 43,263 8 Eaton Vance 84 8 State Farm 178 9 Principal Funds 40,849 9 RBB Funds 69 9 RBB Funds 127 10 TIAA-CREF Asset Management 34,987 10 Swan 54 10 American Century Investments 119 67 Pioneer Investments 537 128 Pioneer Investments -8 122 Pioneer Investments -8 159 John Hancock -405 159 John Hancock -1,422 160 GMO -671 160 Fidelity Investments -2,495 161 Wells Fargo Funds -3,307 161 Wells Fargo Funds -3,466 Total 1,547,823 Total 2,990 Total 10,705 US Univ: MUTUTAL FUNDS ex ETF^ 1 Vanguard 3,175,342 1 Vanguard 19,901 1 Vanguard 53,709 2 Fidelity Investments 1,746,054 2 BlackRock 5,847 2 Dimensional Fund Advisors 6,985 3 American Funds 1,338,004 3 Dimensional Fund Advisors 3,426 3 Northern Funds 5,858 4 T. Rowe Price 546,255 4 Fidelity Investments 3,371 4 UBS 3,201 5 JPMorgan 531,138 5 JPMorgan 3,072 5 Dreyfus 2,702 6 BlackRock 485,958 6 Dreyfus 2,757 6 American Funds 2,505 7 Franklin Templeton Investments 405,692 7 State Street Global Advisors (Chicago) 2,232 7 Lord Abbett 2,484 8 Dimensional Fund Advisors 336,083 8 Deutsche Asset Management 1,716 8 Guggenheim Investments 2,307 9 Pimco 295,213 9 Lord Abbett 1,547 9 T. Rowe Price 2,293 10 Goldman Sachs 262,279 10 T. Rowe Price 1,476 10 TIAA-CREF Asset Management 2,072 55 Pioneer Investments 38,824 79 Pioneer Investments 61 722 Pioneer Investments -365 759 Federated -1,540 759 Federated -10,556 760 Wells Fargo Funds -2,972 760 Fidelity Investments -11,032 761 Goldman Sachs -10,101 761 Goldman Sachs -17,780 Total 15,776,887 Total 33,574 Total 15,550 US Univ: ACTIVE & PASSIVE FUNDS (incl. ETF)^ 1 Vanguard 3,842,984 1 Vanguard 33,297 1 Vanguard 81,291 2 Fidelity Investments 1,751,786 2 ishares 15,417 2 ishares 30,282 3 American Funds 1,338,004 3 SPDR State Street Global Advisors 9,341 3 SPDR State Street Global Advisors 9,946 4 ishares 1,046,407 4 BlackRock 5,847 4 Dimensional Fund Advisors 6,985 5 T. Rowe Price 546,255 5 Fidelity Investments 3,575 5 Northern Funds 5,858 6 JPMorgan 536,311 6 Dimensional Fund Advisors 3,426 6 Schwab ETFs 4,462 7 SPDR State Street Global Advisors 535,893 7 JPMorgan 3,164 7 PowerShares 4,219 8 BlackRock 485,958 8 Dreyfus 2,757 8 Guggenheim Investments 3,788 9 Franklin Templeton Investments 406,297 9 Schwab ETFs 2,257 9 UBS 3,254 10 Dimensional Fund Advisors 336,083 10 State Street Global Advisors (Chicago) 2,232 10 Van Eck 3,082 63 Pioneer Investments 38,824 93 Pioneer Investments 61 801 Pioneer Investments -365 838 Federated -1,540 838 Federated -10,556 839 Wells Fargo Funds -2,972 839 Fidelity Investments -10,669 840 Goldman Sachs -10,077 840 Goldman Sachs -17,624 Total 18,518,579 Total 82,881 Total 105,196 "" include also "other" category not shown here. ^ Feeder and FoFs also excluded. For internal use only Page 11

Asia (ex China) Univ: ACTIVE FUNDS (ex Index, ETF)^ Top players by AUM Top sellers month Top sellers Ytd 1 Daiwa 33,609 1 Birla Sun Life 1,583 1 Birla Sun Life 3,325 2 ICICI Prudential 32,599 2 Nomura 1,270 2 ICICI Prudential 2,698 3 HDFC 32,043 3 ICICI Prudential 982 3 UBS Hana 2,309 4 Fidelity 30,345 4 KIM 786 4 Siam Commercial Bank 2,139 5 Mitsubishi UFJ 29,781 5 Siam Commercial Bank 707 5 AXIS 1,910 6 KB Asset Management 28,845 6 DSP BlackRock 704 6 Reliance 1,668 7 Birla Sun Life 28,222 7 SBI 698 7 Kotak 1,489 8 JPMorgan 26,864 8 Reliance 681 8 UTI 1,452 9 Nomura 25,966 9 Kotak 671 9 HDFC 1,444 10 Reliance 25,902 10 Hanwha Group 638 10 NH-CA 1,266 117 Pioneer Investments 1,571 49 Pioneer Investments 116 39 Pioneer Investments 492 265 JM Financial -304 272 Mitsubishi UFJ -544 266 STB Asset Management -585 273 STB Asset Management -556 267 Hyundai -696 274 Nikko AM -641 Total 1,076,565 Total 17,791 Total 47,086 Bond Equity 1 Fidelity 20,860 1 Nomura 1,215 1 Nomura 1,231 2 Nikko AM 20,131 2 AM One 218 2 AM One 336 3 Nomura 17,017 3 Daiwa 217 3 Daiwa 254 4 Daiwa 15,244 4 Rheos Capital Works 124 4 Birla Sun Life 205 5 JPMorgan 14,723 5 DSP BlackRock 111 5 SBI 194 6 AM One 14,637 6 SBI 105 6 Public Mutual 152 7 Mitsubishi UFJ 14,034 7 Birla Sun Life 94 7 HDFC 129 8 Public Mutual 12,054 8 Public Mutual 85 8 DSP BlackRock 125 9 HDFC 8,998 9 Kotak 74 9 ICICI Prudential 124 10 ICICI Prudential 7,506 10 Manulife Asset Management 66 10 Kotak 111 161 Pioneer Investments 85 67 Pioneer Investments 1 55 Pioneer Investments 5 223 Mirae Asset -161 280 Mitsubishi UFJ -338 224 Value Partners -165 281 Mirae Asset -397 225 Mitsubishi UFJ -203 282 Nikko AM -464 Total 344,100 Total 460 Total -543 1 KASIKORNBANK 16,352 1 Siam Commercial Bank 899 1 Siam Commercial Bank 2,105 2 Daiwa 15,906 2 HSBC 555 2 KASIKORNBANK 1,078 3 Birla Sun Life 14,351 3 Krung Thai Bank 531 3 Krung Thai Bank 1,047 4 Mitsubishi UFJ 14,285 4 KASIKORNBANK 462 4 Birla Sun Life 812 5 ICICI Prudential 12,406 5 Bank of Ayudhya 343 5 ICICI Prudential 783 6 Siam Commercial Bank 12,220 6 Birla Sun Life 302 6 Bank of Ayudhya 729 7 Reliance 11,466 7 Bangkok Bank 294 7 Franklin Templeton 627 8 HDFC 11,399 8 Thanachart Bank 285 8 HSBC 618 9 Fidelity 9,386 9 Franklin Templeton 240 9 Thanachart Bank 580 10 AM One 7,773 10 Fidelity 224 10 Bangkok Bank 484 69 Pioneer Investments 571 52 Pioneer Investments 14 30 Pioneer Investments 144 182 Mitsubishi UFJ -141 279 Hanwha Group -300 183 Fullerton -219 280 JPMorgan -382 184 Daiwa -221 281 Daiwa -433 Total 296,389 Total 4,539 Total 12,925 For internal use only Page 12

Asia (ex China) Univ: ACTIVE FUNDS (ex Index, ETF)^ Top players by AUM Top sellers month Top sellers Ytd Multiasset 1 Schroders 7,663 1 Legg Mason 482 1 Legg Mason 1,002 2 JPMorgan 5,576 2 JPMorgan 270 2 JPMorgan 733 3 Legg Mason 5,280 3 ICICI Prudential 221 3 ICICI Prudential 440 4 HDFC 5,056 4 HDFC 203 4 HDFC 384 5 ICICI Prudential 4,665 5 Siam Commercial Bank 172 5 Siam Commercial Bank 373 6 Tokio Marine Asset Management 3,405 6 Tokio Marine Asset Management 157 6 Schroders 354 7 AM One 2,815 7 Shinhan BNP Paribas 146 7 Tokio Marine Asset Management 321 8 UTI 2,106 8 Schroders 134 8 Birla Sun Life 204 9 Mirae Asset 1,887 9 Amundi 128 9 Amundi 202 10 SBI 1,586 10 Birla Sun Life 114 10 SBI 186 138 Pioneer Investments 28 38 Pioneer Investments 5 35 Pioneer Investments 8 179 HSBC -62 279 BlackRock -91 180 AM One -73 280 HSBC -123 181 BlackRock -91 281 AM One -148 Total 79,179 Total 1,844 Total 3,562 Money mkt 1 UBS Hana 9,967 1 Birla Sun Life 1,045 1 UBS Hana 2,399 2 Samsung 8,040 2 KIM 853 2 Birla Sun Life 2,070 3 Kiwoom 7,953 3 Hanwha Group 766 3 AXIS 1,597 4 Shinhan BNP Paribas 7,366 4 Reliance 575 4 Hanwha Group 1,412 5 ICICI Prudential 6,959 5 SBI 561 5 Reliance 1,333 6 Birla Sun Life 6,189 6 Samsung 558 6 ICICI Prudential 1,293 7 HDFC 5,938 7 ICICI Prudential 525 7 KIM 1,161 8 Reliance 5,829 8 KB Asset Management 514 8 UTI 1,035 9 Hyundai 5,372 9 DSP BlackRock 488 9 Kiwoom 945 10 KB Asset Management 5,357 10 AXIS 469 10 Kotak 943 65 Pioneer Investments 888 41 Pioneer Investments 96 36 Pioneer Investments 335 159 HDFC -212 279 Capital Investment Trust -249 160 Hyundai -318 280 Taishin Investment Trust -274 161 Siam Commercial Bank -368 281 Siam Commercial Bank -274 Total 212,745 Total 11,372 Total 29,832 Alternative 1 ICICI Prudential 1,063 1 Mitsubishi UFJ 72 1 Mitsubishi UFJ 94 2 Nomura 1,049 2 Birla Sun Life 29 2 ICICI Prudential 58 3 Daiwa 1,020 3 Kotak 21 3 Birla Sun Life 35 4 Kotak 868 4 ICICI Prudential 21 4 Reliance 33 5 HDFC 651 5 Edelweiss 20 5 AXIS 23 6 Mirae Asset 649 6 Reliance 14 6 Edelweiss 23 7 Reliance 631 7 KB Asset Management 13 7 Rakuten 17 8 Natixis 560 8 AXIS 11 8 SBI 16 9 AM One 497 9 NH-CA 11 9 Eastspring Investments 14 10 JM Financial 419 10 HDFC 10 10 BNY Mellon 13 _ Pioneer Investments - - Pioneer Investments - _ Pioneer Investments _ 56 Mirae Asset -34 280 NH-CA -105 57 JM Financial -159 281 JM Financial -155 58 STB Asset Management -562 282 STB Asset Management -580 Total 11,079 Total -567 Total -684 "" include also "other" category not shown here. ^ Feeder and FoFs also excluded. Just local funds considered for Asia, China not included. For internal use only Page 13

Asia (ex China) Universe: FoF & Feeder funds Top players by AUM Top sellers month Top sellers Ytd 1 Eastspring Investments 66,656 1 Goldman Sachs 1,244 1 Goldman Sachs 1,188 2 Nomura 39,679 2 NAM 425 2 NAM 732 3 Daiwa 26,884 3 STB Asset Management 218 3 Franklin Templeton 384 4 AM One 25,513 4 Deutsche Bank 200 4 Deutsche Bank 371 5 STB Asset Management 13,691 5 AB (AllianceBernstein) 169 5 Daiwa 242 6 Mirae Asset 13,405 6 Daiwa 143 6 STB Asset Management 225 7 Mitsubishi UFJ 12,624 7 BlackRock 139 7 AB (AllianceBernstein) 210 8 Nikko AM 11,088 8 TMB Bank 128 8 TMB Bank 206 9 Daiwa SB Investments 10,983 9 Eugene 126 9 BlackRock 175 10 Pictet 10,339 10 Resona Group 94 10 Eugene 174 Pioneer Investments - Pioneer Investments - Pioneer Investments - 167 KB Asset Management -192 168 Nomura -486 168 Nomura -222 169 AM One -510 169 Eastspring Investments -6,432 170 Eastspring Investments -11,268 Total 360,115 Total -4,223 Total -9,703 Asia (ex China) Univ: MUTUTAL FUNDS ex ETF^ 1 Nomura 45,102 1 Birla Sun Life 1,583 1 Birla Sun Life 3,325 2 Mitsubishi UFJ 42,942 2 Nomura 1,330 2 ICICI Prudential 2,696 3 Daiwa 41,511 3 ICICI Prudential 983 3 UBS Hana 2,298 4 AM One 35,945 4 KIM 786 4 Siam Commercial Bank 2,144 5 ICICI Prudential 32,643 5 Siam Commercial Bank 725 5 AXIS 1,910 6 HDFC 32,088 6 DSP BlackRock 704 6 Reliance 1,663 7 Nikko AM 30,539 7 SBI 700 7 Kotak 1,489 8 Fidelity 30,368 8 Reliance 681 8 UTI 1,451 9 KB Asset Management 29,590 9 Kotak 671 9 HDFC 1,444 10 Birla Sun Life 28,245 10 Hanwha Group 638 10 Nomura 1,376 117 Baroda Pioneer 1,571 49 Baroda Pioneer 116 40 Baroda Pioneer 492 268 JM Financial -304 275 Mitsubishi UFJ -494 269 STB Asset Management -613 276 STB Asset Management -616 270 Hyundai -696 277 Nikko AM -776 Total 1,159,288 Total 17,959 Total 47,168 Asia (ex China) Univ: ACTIVE & PASSIVE FUNDS (incl. ETF)^ 1 Nomura 135,703 1 Nomura 4,099 1 Nomura 8,381 2 Daiwa 80,243 2 Nikko AM 1,834 2 Birla Sun Life 3,325 3 Nikko AM 69,545 3 Birla Sun Life 1,583 3 Daiwa 3,013 4 Mitsubishi UFJ 59,462 4 Daiwa 1,515 4 Nikko AM 3,002 5 AM One 40,414 5 ICICI Prudential 984 5 ICICI Prudential 2,702 6 ICICI Prudential 32,811 6 SBI 924 6 UBS Hana 2,300 7 HDFC 32,205 7 KIM 766 7 Reliance 2,212 8 KB Asset Management 31,049 8 Siam Commercial Bank 725 8 Siam Commercial Bank 2,144 9 Fidelity 30,368 9 DSP BlackRock 704 9 AXIS 1,910 10 Samsung 29,964 10 Kotak 688 10 UTI 1,611 122 Baroda Pioneer 1,571 54 Baroda Pioneer 116 44 Baroda Pioneer 492 284 Hang Seng -456 291 KB Asset Management -598 285 STB Asset Management -613 292 STB Asset Management -616 286 Hyundai -696 293 Hang Seng -693 Total 1,433,916 Total 24,238 Total 63,380 "" include also "other" category not shown here. ^ Feeder and FoFs also excluded. Just local funds considered for Asia, China not included. For internal use only Page 14

Rank Worldwide Category TOP/BOTTOM SELLING ACTIVE CATEGORIES Universe: ACTIVE FUNDS (Ex Index, ETF, Feeder & FoF) MARKET PIONEER Morningstar Flows (mln $) AUM (mln $) Flows (mln $) AUM (mln $) YTD previous yr YTD previous yr Feb'16 Feb'16 Top 20 Bottom 20 1 Asia Money Market 30,247 22,070 196,449 2 Other Fixed Income 25,969-5,734 737,509-53 68 5,254 3 Euro Money Market 25,391 30,394 555,188-2 6 35 4 US Fixed Income 21,853-232 1,786,710-183 -124 19,201 5 Miscellaneous 19,557 3,286 708,508-11 -5 339 6 Global Fixed Income 16,053-5,384 623,307 109 7 1,929 7 Moderate Allocation 10,762-3,291 1,030,312 177 311 5,497 8 High Yield Fixed Income 10,081-9,642 628,097 308-730 9,975 9 Global Equity Large Cap 8,012 8,654 1,512,647 49-46 3,783 10 Emerging Markets Fixed Income 7,336-8,124 270,837 335 46 6,086 11 Cautious Allocation 6,738-9,542 637,759 296 24 5,893 12 US Municipal Fixed Income 6,161 9,259 627,221 94 1,783 13 India Fixed Income 5,858 977 94,607 14 Flexible Allocation 5,188 1,385 252,336 61 1 1,033 15 Other Alternative 4,037 599 198,330-38 -20 270 16 Inflation Linked 3,844-2,321 132,397 45-2 350 17 Multialternative 3,826 8,748 324,376 229 324 5,846 18 Aggressive Allocation 3,504-1,225 696,906 281 42 1,480 19 Other Europe Equity 2,530-725 251,757-8 -31 805 20 Technology Sector Equity 2,495-1,478 76,165-2 -2 219 Last 20th Convertibles -698-3,457 82,199 3-1 47 Last 19th Greater China Equity -873-2,193 67,204-13 -73 296 Last 18th Asia Pacific Fixed Income -874 757 14,529 Last 17th Japan Equity -952 1,311 129,449-27 71 398 Last 16th Asia ex-japan Equity -1,232-3,334 156,169-6 -2 187 # Last 15th Mexico Fixed Income -1,235 1,346 57,437 # Last 14th Allocation -1,266-7,503 494,783 109 274 6,782 # Last 13th Korea Equity -1,678 811 29,346 # Last 12th Long/Short Equity -1,705 3,977 122,161 0 0 0 # Last 11th UK Equity Large Cap -1,941-1,076 186,632 # Last 10th US Equity Large Cap Value -2,255-3,886 951,469-6 -65 3,631 # Last 9th Real Estate Sector Equity -2,330-237 230,838-10 -1 150 # Last 8th Euro Fixed Income -2,466-6,749 610,378-1,328-1,151 24,894 # Last 7th South American Money Market -2,629-2,213 13,624 # Last 6th US Equity Mid Cap -3,203-9,815 615,600-10 -10 2,910 # Last 5th Healthcare Sector Equity -3,381-4,597 142,842 # Last 4th Europe Equity Large Cap -6,037-861 404,360-29 120 9,039 # Last 3rd US Equity Large Cap Blend -9,260-6,616 915,290-144 -190 9,302 # Last 2nd US Equity Large Cap Growth -14,653-7,303 1,240,926-128 279 9,309 # Last US Money Market -49,396-1,503 2,867,511-8 2 307 Total 133,228-8,500 24,630,614 212-1,086 145,335 For internal use only Page 15

Rank Worldwide Category TOP/BOTTOM SELLING PASSIVE CATEGORIES Universe: PASSIVE FUNDS (Index & ETF ONLY) Morningstar MARKET Flows (mln $) AUM (mln $) YTD previous yr Feb'16 Bottom 20 Top 20 1 US Equity Large Cap Blend 14,910 20,689 2,156,559 2 US Fixed Income 14,356 21,355 747,992 3 Global Equity Large Cap 9,980 17,281 709,050 4 Japan Equity 7,304 5,587 277,450 5 US Equity Mid Cap 5,681-4,078 363,776 6 US Equity Small Cap 4,773-3,618 267,939 7 Emerging Markets Equity 3,417-1,919 214,126 8 US Equity Large Cap Value 3,400 362 249,664 9 Global Fixed Income 3,045 952 131,133 10 Emerging Markets Fixed Income 2,784-658 39,027 11 Commodities Precious Metals 2,660 10,127 97,018 12 Inflation Linked 2,373 710 75,927 13 Financials Sector Equity 2,207-3,618 61,978 14 Real Estate Sector Equity 1,733-327 140,022 15 Europe Equity Large Cap 1,651-837 191,718 16 Technology Sector Equity 1,526-4,222 54,002 17 Precious Metals Sector Equity 1,304 151 19,797 18 Other Europe Equity 1,260 1,374 110,202 19 High Yield Fixed Income 1,104 1,492 62,665 20 Industrials Sector Equity 997-64 25,952 Last 20th Mexico Fixed Income -23 3 125 Last 19th Australia & New Zealand Equity -23 33 1,557 Last 18th Thailand Equity -23-17 1,256 Last 17th Euro Money Market -40 69 366 Last 16th Asia Money Market -41 20 1,248 # Last 15th Mexico Equity -42 271 2,403 # Last 14th Capital Protected -46-54 1,030 # Last 13th Other Europe Fixed Income -63 67 40,241 # Last 12th Israel Fixed Income -86 15 2,873 # Last 11th Currency -104-346 2,141 # Last 10th Taiwan Equity -109-55 2,342 # Last 9th Commodities Energy -117 2,194 7,690 # Last 8th Multialternative -148-106 275 # Last 7th Australia Equity -218-34 19,015 # Last 6th Asia Pacific Fixed Income -276 25 4,074 # Last 5th UK Equity Large Cap -392 1,902 78,649 # Last 4th Euro Fixed Income -411 1,773 92,489 # Last 3rd Korea Equity -505 854 12,461 # Last 2nd Utilities Sector Equity -584 3,548 15,083 # Last Greater China Equity -1,310-1,033 49,871 Total 193,966 138,185 7,237,494 For internal use only Page 16

Rank Europe Category TOP/BOTTOM SELLING ACTIVE CATEGORIES Universe: ACTIVE FUNDS (Ex Index, ETF, Feeder & FoF) MARKET PIONEER Morningstar Flows (mln ) AUM (mln ) Flows (mln ) AUM (mln ) YTD previous yr YTD previous yr Feb'16 Feb'16 Top 20 1 Euro Money Market 10,233 28,060 522,510-2 6 33 2 Other Fixed Income 4,654-1,803 286,044-52 109 4,688 3 Global Fixed Income 4,453-1,663 367,165 80 7 1,767 4 Global Equity Large Cap 3,915-1,926 571,976 47-40 3,413 5 High Yield Fixed Income 3,649-7,509 279,549 325-509 7,794 6 Moderate Allocation 3,326-704 337,097 195 311 4,314 7 Emerging Markets Fixed Income 3,230-4,745 188,511 314 42 5,728 8 Multialternative 3,105 5,162 172,784 215 299 5,502 9 Cautious Allocation 2,639-5,727 305,710 284 98 4,849 10 Flexible Allocation 2,563 1,144 214,359 57 1 972 11 Other Alternative 1,514-2,711 115,611-36 -19 255 12 US Money Market 1,291-25,176 384,643 13 Other Europe Equity 1,245-660 235,471-8 -29 757 14 Technology Sector Equity 1,240-558 24,178-2 -2 206 15 Europe Equity Mid/Small Cap 1,073-938 94,315-47 -62 996 16 Miscellaneous 972 465 32,155-10 -5 319 17 Inflation Linked 962-209 43,404 42-2 329 18 Market Neutral 863 2,822 55,934 24 83 368 19 US Fixed Income 689-455 88,789 1-171 4,248 20 Aggressive Allocation 673-217 135,577 261 39 1,392 Bottom 20 Last 20th Africa Equity -47-168 2,731 Last 19th US Equity Mid Cap -83-1,435 33,275 12 9 506 Last 18th Utilities Sector Equity -98 24 6,443 Last 17th N/A -106-51 5,573 0 Last 16th Asia Equity -144 64 12,999-4 -2 126 # Last 15th Guaranteed -164 757 54,417-31 -13 398 # Last 14th Convertibles -198-2,530 63,724 3-1 44 # Last 13th Real Estate Sector Equity -229-413 32,127-1 -0 11 # Last 12th Greater China Equity -233-1,921 39,755-12 -67 279 # Last 11th Other Europe Money Market -242 2,629 59,734 23-14 156 # Last 10th Healthcare Sector Equity -250-1,396 34,611 # Last 9th Target Date 2000-2020 -282 164 5,688 # Last 8th UK Equity Mid/Small Cap -378-284 63,441 # Last 7th US Equity Large Cap Growth -617-900 43,172-59 39 2,843 # Last 6th Asia ex-japan Equity -812-2,641 111,245-6 -2 176 # Last 5th Long/Short Equity -1,088 4,039 61,992 0 0 0 # Last 4th UK Equity Large Cap -2,158-990 175,445 # Last 3rd Euro Fixed Income -3,475-6,238 574,200-1,240-1,060 23,427 # Last 2nd US Equity Large Cap Blend -3,699-663 107,523-37 -97 2,648 # Last Europe Equity Large Cap -5,421-587 359,225-27 111 8,506 Total 99,677-71,344 7,715,657 542-641 100,236 For internal use only Page 17

Rank Europe Category TOP/BOTTOM SELLING PASSIVE CATEGORIES Universe: PASSIVE FUNDS (Index & ETF ONLY) Morningstar MARKET Flows (mln ) AUM (mln ) YTD previous yr Feb'16 Top 20 1 Europe Equity Large Cap 1,696 1,625 137,562 2 Commodities Precious Metals 1,510 3,112 39,242 3 Emerging Markets Fixed Income 1,353 1 19,105 4 Global Equity Large Cap 1,110 1,765 128,775 5 US Equity Large Cap Blend 1,075 753 168,470 6 Other Europe Equity 1,036 1,265 103,638 7 Inflation Linked 840 412 19,175 8 High Yield Fixed Income 749-170 14,840 9 Global Fixed Income 621 376 37,127 10 Other Fixed Income 614 293 7,552 11 Japan Equity 589-902 39,045 12 US Fixed Income 579 972 24,125 13 US Equity Large Cap Value 574 86 6,155 14 Trading Tools 478 1,100 10,524 15 Real Estate Sector Equity 425-263 19,526 16 Emerging Markets Equity 234 724 60,191 17 Other Sector Equity 221-133 3,360 18 Global Equity Mid/Small Cap 190 26 5,051 19 Financials Sector Equity 189-542 6,774 20 Energy Sector Equity 140 170 2,926 Bottom 20 Last 20th Singapore Equity 2-5 55 Last 19th Korea Equity 1-108 795 Last 18th Canada Fixed Income -1 0 29 Last 17th N/A -1 0 0 Last 16th Other Asia Equity -2-6 554 # Last 15th Guaranteed -2-2 76 # Last 14th Thailand Equity -5 1 47 # Last 13th Consumer Goods & Services Sector Equ -9-51 2,105 # Last 12th Africa Equity -9 44 260 # Last 11th Cautious Allocation -11 1 7 # Last 10th Australia Fixed Income -21 0 41 # Last 9th Australia & New Zealand Equity -22 31 1,429 # Last 8th Natural Resources Sector Equity -43 23 509 # Last 7th Commodities Energy -75 611 2,157 # Last 6th Euro Money Market -79 64 344 # Last 5th Capital Protected -110-50 969 # Last 4th Other Europe Fixed Income -260 62 37,869 # Last 3rd Miscellaneous -410 71 1,204 # Last 2nd UK Equity Large Cap -453 1,755 74,016 # Last Euro Fixed Income -1,232 1,636 87,009 Total 27,443 13,836 1,167,290 For internal use only Page 18

Rank US Category TOP/BOTTOM SELLING ACTIVE CATEGORIES Universe: ACTIVE FUNDS (Ex Index, ETF, Feeder & FoF) MARKET PIONEER Morningstar Flows (mln $) AUM (mln $) Flows (mln $) AUM (mln $) YTD previous yr YTD previous yr Feb'16 Feb'16 Top 20 1 US Fund Prime Money Market 24,172 6,534 489,428-8 2 307 2 US Fund Bank Loan 7,637-4,978 114,435 17 3 835 3 US Fund Intermediate-Term Bond 5,417 4,822 798,423 88 154 4,301 4 US Fund Ultrashort Bond 4,880-232 88,469 72 20 3,120 5 US Fund Multisector Bond 3,389-2,142 196,316-354 -117 5,869 6 US Fund High Yield Muni 2,649 2,187 84,957 17 5 562 7 US Fund Nontraditional Bond 2,560-6,880 107,628 2-51 272 8 US Fund Inflation-Protected Bond 2,015-1,950 76,371 9 US Fund Muni National Interm 1,732 4,522 172,696 10 US Fund Diversified Emerging Mkts 1,082-166 223,224-3 -2 104 11 US Fund Foreign Small/Mid Blend 1,066 68 19,287 12 US Fund Muni National Short 1,030 294 116,349 13 US Fund Corporate Bond 1,007 1,565 85,716 14 US Fund Energy Limited Partnership 955 814 29,404 15 US Fund Long Government 795 545 7,284 16 US Fund Emerging Markets Bond 737-1,893 50,873 17 US Fund Short-Term Bond 699-649 256,875-7 3 561 18 US Fund Financial 660-393 11,177 19 US Fund Small Value 615-1,181 82,194 20 US Fund Muni California Intermediate 478 678 23,689 Bottom 20 Last 20th US Fund Utilities -379 98 19,157 Last 19th US Fund Money Market - Tax-Free -393-13,032 138,749 Last 18th US Fund Allocation--70% to 85% Equity -451-1,287 134,693 Last 17th US Fund Allocation--85%+ Equity -528-268 30,664 Last 16th US Fund Multialternative -643 2,799 52,205 # Last 15th US Fund Real Estate -659-941 63,602-10 -1 139 # Last 14th US Fund Short Government -822 555 28,260 # Last 13th US Fund Foreign Large Value -937 214 108,906 # Last 12th US Fund Global Real Estate -1,058-824 28,406 # Last 11th US Fund Small Growth -1,348-2,225 174,884 # Last 10th US Fund World Stock -1,449-1,407 378,188-4 -2 162 # Last 9th US Fund Mid-Cap Value -1,837-1,449 186,901-18 -14 1,030 # Last 8th US Fund Mid-Cap Growth -1,914-4,559 248,495-4 -6 1,342 # Last 7th US Fund Intermediate Government -2,124 1,974 91,987 # Last 6th US Fund Large Value -2,796-3,035 890,427 1-44 2,668 # Last 5th US Fund Health -2,800-3,072 105,435 # Last 4th US Fund World Allocation -3,256-6,416 297,052 # Last 3rd US Fund Large Blend -9,068-6,357 716,208-104 -86 6,488 # Last 2nd US Fund Large Growth -14,029-6,382 1,197,177-65 237 6,288 # Last US Fund Money Market - Taxable -65,404 29,389 2,043,765 Total -47,946-4,619 12,678,542-365 -122 38,824 For internal use only Page 19

Rank US Category 1 TOP/BOTTOM SELLING PASSIVE CATEGORIES Universe: PASSIVE FUNDS (Index & ETF ONLY) Morningstar MARKET Flows (mln $) AUM (mln $) YTD previous yr Feb'16 Top 20 1 US Fund Large Blend 30,983 20,084 2,003,226 2 US Fund Foreign Large Blend 18,184 15,882 543,656 3 US Fund Intermediate-Term Bond 13,165 2,597 453,552 4 US Fund Mid-Cap Blend 9,542-2,218 306,434 5 US Fund Diversified Emerging Mkts 7,714-1,652 197,562 6 US Fund Corporate Bond 7,376 2,113 67,098 7 US Fund Large Value 6,693 620 274,837 8 US Fund Small Blend 5,195-2,123 213,428 9 US Fund World Bond 5,018-209 96,365 10 US Fund Short-Term Bond 4,097 1,350 91,755 11 US Fund Financial 3,537-3,108 51,706 12 US Fund Inflation-Protected Bond 3,056 497 57,012 13 US Fund Technology 2,575-4,228 51,964 14 US Fund Foreign Large Value 2,512 492 52,081 15 US Fund Small Value 2,392 1,252 75,832 16 US Fund Equity Precious Metals 2,288 144 18,037 17 US Fund Mid-Cap Value 1,833 7 61,031 18 US Fund Real Estate 1,620 154 93,720 19 US Fund Ultrashort Bond 1,555 342 14,948 20 US Fund Commodities Precious Metals 1,426 6,888 51,341 Bottom 20 Last 20th US Fund Trading--Miscellaneous -17-117 1,185 Last 19th US Fund Muni California Long -19 3 176 Last 18th US Fund Tactical Allocation -21 9 262 Last 17th US Fund Managed Futures -21-6 250 Last 16th US Fund Trading--Leveraged Debt -27 26 295 # Last 15th US Fund Target-Date 2000-2010 -32-31 244 # Last 14th US Fund Single Currency -34-62 1,231 # Last 13th US Fund Target-Date 2030-65 -84 3,798 # Last 12th US Fund Target-Date 2025-69 6 2,512 # Last 11th US Fund Target-Date 2015-93 -30 309 # Last 10th US Fund Multicurrency -93-262 1,106 # Last 9th US Fund Trading--Inverse Commodities -100-18 679 # Last 8th US Fund Commodities Energy -106 1,532 5,244 # Last 7th US Fund Target-Date 2020-165 -117 3,287 # Last 6th US Fund Muni National Interm -213 469 11,221 # Last 5th US Fund Long Government -222 6,147 19,495 # Last 4th US Fund Europe Stock -358-2,631 44,196 # Last 3rd US Fund China Region -376-1,346 12,288 # Last 2nd US Fund Utilities -594 3,517 14,482 # Last US Fund Trading--Leveraged Equity -1,489-352 20,022 Total 150,991 42,686 5,808,311 For internal use only Page 20

Rank Asia (ex China) Universe: ACTIVE FUNDS (Ex Category TOP/BOTTOM SELLING ACTIVE CATEGORIES Universe: ACTIVE FUNDS (EX Index, ETF, Feeder & FoF) MARKET PIONEER, Morningstar Flows (mln $) AUM (mln $) Flows (mln $) AUM (mln $) YTD previous yr YTD previous yr Feb'16 Feb'16 Top 20 1 Asia Money Market 30,216 21,990 195,364 335 426 888 2 India Fixed Income 5,858 977 94,607 144-2 571 3 Global Fixed Income 4,859 531 51,857 4 Miscellaneous 2,549 2,882 421 5 Global Equity 2,003 560 24,357 6 Moderate Allocation 1,990 425 28,950 9 2 26 7 High Yield Fixed Income 1,643-375 22,499 8 India Equity 1,205 713 68,942 5 1 85 9 Aggressive Allocation 1,025 12 14,823 10 US Equity Large Cap Blend 974 88 9,811 11 Other Fixed Income 649 208 12,178 12 Thailand Fixed Income 543 2,418 36,852 13 Asia Fixed Income 401-117 14,913 14 Malaysia Fixed Income 384 7 5,386 15 Allocation 294-557 13,250 16 Flexible Allocation 186 6 3,466 17 Other Europe Money Market 166-185 1,625 18 Islamic Equity 105 27 7,656 19 Cautious Allocation 66 241 18,176-1 -0 3 20 Malaysia Equity 59 133 7,550 Bottom 20 Last 20th Healthcare Sector Equity -43-28 1,752 Last 19th Emerging Markets Equity -48-69 5,011 Last 18th Asia ex-japan Equity -50-228 14,197 Last 17th Other Asia Equity -95-34 6,558 Last 16th Global Equity Large Cap -106 168 3,300 # Last 15th US Fixed Income -121-59 6,437 # Last 14th Consumer Goods & Services Sec -121 10 1,055 # Last 13th Trading Tools -126 292 463 # Last 12th Japan Money Market -145-37 751 # Last 11th Europe Equity Large Cap -147-66 2,575 # Last 10th Australia Fixed Income -171-274 13,774 # Last 9th Japan Fixed Income -204-625 10,639 # Last 8th Greater China Equity -235 116 19,627 # Last 7th Thailand Equity -244-26 16,095 # Last 6th Thailand Money Market -437-190 14,861 # Last 5th Multialternative -594-121 687 # Last 4th Asia Pacific Fixed Income -874 757 14,529 # Last 3rd Real Estate Sector Equity -1,001 2,224 66,742 # Last 2nd Korea Equity -1,655 811 28,368 # Last Japan Equity -1,693 1,771 45,320 Total 47,086 68,771 1,076,565 492 426 1,571 For internal use only Page 21

Rank Asia (ex China) Category TOP/BOTTOM SELLING PASSIVE CATEGORIES Universe: PASSIVE FUNDS (Index & ETF ONLY) Morningstar MARKET Flows (mln $) AUM (mln $) YTD previous yr Feb'16 Top 20 1 Japan Equity 14,807 8,934 207,195 2 India Equity 1,174 345 6,614 3 Other Alternative 833 2,029 7,962 4 US Fixed Income 626-20 821 5 Miscellaneous 537-7 2,903 6 Japan Fixed Income 430 102 10,261 7 Real Estate Sector Equity 422 175 10,630 8 Asia ex-japan Equity 87-0 916 9 US Equity Large Cap Blend 77 52 1,436 10 Flexible Allocation 64 194 2,198 11 Global Fixed Income 64 77 9,286 12 Global Equity 63 156 8,182 13 Healthcare Sector Equity 35 47 221 14 Moderate Allocation 32 27 2,127 15 Cautious Allocation 32 107 9,397 16 Singapore Equity 23 59 566 17 Other Sector Equity 23 16 231 18 Aggressive Allocation 20 45 3,431 19 Asia Fixed Income 17-319 5,088 20 Emerging Markets Equity 13 19 924 Bottom 20 Last 20th Commodities Precious Metals -1-27 1,047 Last 19th Malaysia Equity -1-0 24 Last 18th Euro Fixed Income -1-1 34 Last 17th Global Equity Large Cap -3-0 40 Last 16th Target Date 2021-2045 -3 1 180 # Last 15th Technology Sector Equity -6 16 138 # Last 14th Brazil Equity -7 2 81 # Last 13th Consumer Goods & Services Sec -9-14 667 # Last 12th Financials Sector Equity -12 6 187 # Last 11th Other Fixed Income -15-1 317 # Last 10th Islamic Equity -17-34 107 # Last 9th Thailand Equity -20-18 1,206 # Last 8th Commodities Broad Basket -30 292 1,093 # Last 7th Asia Money Market -84 20 1,248 # Last 6th Taiwan Equity -122 56 1,824 # Last 5th Multialternative -155-90 135 # Last 4th Asia Pacific Fixed Income -185 25 4,074 # Last 3rd Trading Tools -503 1,416 6,425 # Last 2nd Korea Equity -531 972 11,615 # Last Greater China Equity -1,400 667 34,535 Total 16,295 30,758 357,342 For internal use only Page 22

Worldwide TOP SELLING ACTIVE FUNDS Universe: ACTIVE FUNDS (Ex Index, ETF, Feeder & FoF) Fund name Company Flows AUM MS rating YTD () () (AUM weighted) 1 JPM US Dollar Liquidity Fund JPMorgan 11,805 85,280 - FoF Alternative Money mkt Multiasset Bond Equity 2 Amundi Cash Corporate Amundi 6,553 51,968-3 JPMorgan Prime Money Mkt Fund JPMorgan 6,017 30,506-4 Northern Instl Treasury Portfolio Northern 4,991 38,782-5 Vanguard Federal Money Market Fund Vanguard 4,718 71,029-1 Goldman Sachs Global CORE Equity Port Goldman Sachs 1,390 2,287 5 2 Oakmark International Fund Natixis 1,169 27,826 5 3 ClearBridge Large Cap Growth Fund Legg Mason 935 6,105 5 4 Janus Enterprise Fd Janus 908 12,628 5 5 Lazard Emerging Markets Equity Portfolio Lazard 858 12,507 4 1 PIMCO GIS Income Fund PIMCO 4,635 26,026 5 2 PIMCO Income Fund PIMCO 3,644 75,368 5 3 Vanguard Institutional Interm-Term Bd Fd Vanguard 2,149 12,717-4 Invesco US Senior Loan Fund Invesco 2,066 8,283-5 Carmignac Sécurité Carmignac 1,872 14,898 5 1 American Funds American Balanced Fund American Funds 1,577 106,720 5 2 Allianz Income and Growth Allianz Global Investors 1,240 14,973 5 3 JPM Global Income Fund JPMorgan 1,201 19,312 3 4 M&G Optimal Income Fund M&G 1,145 21,140 4 5 LM Australia High Dividend Eq Fd D1M Legg Mason 942 3,672 3 1 JPM US Dollar Liquidity Fund JPMorgan 11,805 85,280-2 Amundi Cash Corporate Amundi 6,553 51,968-3 JPMorgan Prime Money Mkt Fund JPMorgan 6,017 30,506-4 Northern Instl Treasury Portfolio Northern 4,991 38,782-5 Vanguard Federal Money Market Fund Vanguard 4,718 71,029-1 Adam Macro Master FIM AdamCapital 1,093 3,060-2 Aviva Investors Mlt-Strat Trgt Ret Fd Aviva 1,034 4,441-3 Schroder GAIA Two Sigma Diversified Schroders 939 1,565-4 Old Mutual Global Equity Absolute Return Old Mutual 863 8,257-5 Aviva Investors Multi-Strat Trgt Inc Fd Aviva 766 3,004-1 BB Supremo Setor Público FIC FI RF CP BBDTVM 4,576 14,475-2 Amundi Tréso Diversifiée Amundi 3,533 3,506-3 Vanguard Instl Trgt Retire 2025 Fd Vanguard 1,579 17,045-4 Vanguard Instl Trgt Retire 2030 Fd Vanguard 1,410 14,691-5 Caixa Prático FIC FI RF CP Caixa 1,243 3,477 - For internal use only Page 23

Europe TOP SELLING ACTIVE FUNDS Universe: ACTIVE FUNDS (Ex Index, ETF, Feeder & FoF) Fund name Company Flows AUM MS rating YTD (mln ) (mln ) (AUM weighted) 1 JPM US Dollar Liquidity Fund JPMorgan 10,999 80,256-2 Amundi Cash Corporate Amundi 6,034 48,907-3 PIMCO GIS Income Fund PIMCO 4,337 24,493 5 4 BNP Paribas Déposit BNP Paribas 2,732 16,755-5 LGIM Sterling Liquidity Fund Legal & General 2,585 31,809-1 Goldman Sachs Global CORE Equity Port Goldman Sachs 1,308 2,153 5 Equity 2 Pictet - Robotics Pictet 726 2,682-3 Delta Lloyd Equity Sustainable Glb A Delta Lloyd 708 734-4 DNB Norge (IV) DNB 626 1,577 3 5 Eastspring Inv Japan Dynamic Fund Eastspring Investments 594 2,841 5 1 PIMCO GIS Income Fund PIMCO 4,337 24,493 5 FoF Alternative Money mkt Multiasset Bond 2 Invesco US Senior Loan Fund Invesco 1,924 7,795-3 Carmignac Sécurité Carmignac 1,749 14,020 5 4 AB FCP I Global High Yield Portfolio AB (AllianceBernstein) 1,437 20,408 3 5 UBS (Lux) BS USDInvmtGrdCorps$ UBS 1,363 1,391-1 Allianz Income and Growth Allianz Global Investors 1,158 14,091 5 2 JPM Global Income Fund JPMorgan 1,123 18,174 3 3 M&G Optimal Income Fund M&G 1,070 19,895 4 4 PrivatFonds: Kontrolliert Union Investment 777 11,921 4 5 Fidelity Global Multi Asset Income Fund Fidelity 687 5,104 4 1 JPM US Dollar Liquidity Fund JPMorgan 10,999 80,256-2 Amundi Cash Corporate Amundi 6,034 48,907-3 BNP Paribas Déposit BNP Paribas 2,732 16,755-4 LGIM Sterling Liquidity Fund Legal & General 2,585 31,809-5 BFT Aureus Amundi 2,410 14,015-1 Aviva Investors Mlt-Strat Trgt Ret Fd Aviva 972 4,180-2 Schroder GAIA Two Sigma Diversified Schroders 881 1,473-3 Old Mutual Global Equity Absolute Return Old Mutual 807 7,771-4 Aviva Investors Multi-Strat Trgt Inc Fd Aviva 720 624-5 Deutsche Concept Kaldemorgen Deutsche Asset Manageme 669 5,803-1 Amundi Tréso Diversifiée Amundi 3,300 3,300-2 Fonds AV Echus FIA - C Amundi 864 864-3 SEI GMF Global Equity Fund SEI 544 1,247 4 4 Quality Inversión Conservadora FI BBVA 516 3,546 1 5 Deutsche Multi Opportunities Deutsche Asset Manageme 465 2,651 4 For internal use only Page 24

US TOP SELLING ACTIVE FUNDS Universe: ACTIVE FUNDS (Ex Index, ETF, Feeder & FoF) Fund name Company Flows AUM MS rating YTD () () (AUM weighted) 1 JPMorgan Prime Money Mkt Fund JPMorgan 6,017 30,506-2 Northern Instl Treasury Portfolio Northern Funds 4,991 38,782-3 Vanguard Federal Money Market Fund Vanguard 4,718 71,029-4 BlackRock Liquidity Funds TempFund BlackRock 4,675 13,194-5 PIMCO Income Fund Pimco 3,644 75,368 5 1 Oakmark International Fund Oakmark 1,169 27,826 5 FoF Alternative Money mkt Multiasset Bond Equity 2 ClearBridge Large Cap Growth Fund Legg Mason 935 6,105 5 3 Janus Enterprise Fd Janus 908 12,628 5 4 Lazard Emerging Markets Equity Portfolio Lazard 858 12,507 4 5 Invesco Diversified Dividend Fund Invesco 844 22,190 5 1 PIMCO Income Fund Pimco 3,644 75,368 5 2 Vanguard Institutional Interm-Term Bd Fd Vanguard 2,149 12,717-3 T. Rowe Price New Income Fund T. Rowe Price 1,316 32,406 3 4 Vanguard Intermediate-Term Tax-Exempt Vanguard 1,290 51,146 4 5 Lord Abbett Floating Rate Fund Lord Abbett 1,249 11,126 4 1 American Funds American Balanced Fund American Funds 1,577 106,720 5 2 First Eagle Global Fund First Eagle 520 52,852 5 3 Hartford Balanced Income Fund Hartford Mutual Funds 424 10,264 5 4 Vanguard Wellesley Income Fund Vanguard 331 51,130 5 5 American Funds Global Balanced Fund American Funds 289 11,338 4 1 JPMorgan Prime Money Mkt Fund JPMorgan 6,017 30,506-2 Northern Instl Treasury Portfolio Northern Funds 4,991 38,782-3 Vanguard Federal Money Market Fund Vanguard 4,718 71,029-4 BlackRock Liquidity Funds TempFund BlackRock 4,675 13,194-5 BlackRock Cash Funds Institutional Fund BlackRock 3,529 44,732-1 AQR Managed Futures Strategy Fund AQR Funds 574 12,965 4 2 AQR Long-Short Equity Fund AQR Funds 482 3,084 5 3 Catalyst/Millburn Hedge Strategy Fund Catalyst Mutual Funds 399 1,630-4 AQR Equity Market Neutral Fund AQR Funds 133 1,252-5 AQR Style Premia Alternative Fund AQR Funds 131 4,047 5 1 Vanguard Instl Trgt Retire 2025 Fd Vanguard 1,579 17,045-2 Vanguard Instl Trgt Retire 2030 Fd Vanguard 1,410 14,691-3 Vanguard Instl Trgt Retire 2035 Fd Vanguard 1,241 13,565-4 Vanguard Instl Trgt Retire 2020 Fd Vanguard 1,241 14,302-5 Vanguard Instl Trgt Retire 2040 Fd Vanguard 1,065 11,275 - For internal use only Page 25

Asia TOP SELLING ACTIVE FUNDS Universe: ACTIVE FUNDS (Ex Index, ETF, Feeder & FoF) Fund name Company Flows AUM MS rating YTD () () (AUM weighted) 1 Birla Sun Life Cash Plus Birla Sun Life 2,022 5,522-2 UBSHana New MMF S29 UBS Hana 1,727 4,197-3 Axis Liquid AXIS 1,597 3,043-4 Reliance Liquid Trsu Plan Reliance 1,186 4,330-5 Kiwoom Institutional MMF 1 Kiwoom 864 2,675-1 Nomura Global AI Related Equity Fund B Nomura 778 778 - FoF Alternative Money mkt Multiasset Bond Equity 2 Nomura Global AI Related Equity Fund A Nomura 694 696-3 Nikko New Muzinich US BDC Fund UnHdg D1M Nikko AM 217 217-4 AMOne Global High Qual Gr Eq Fd UnHdg AM One 196 541-5 Daiwa US-REIT Open D1M B UnHdg Daiwa 180 6,428 4 1 HSBC Asia High Income Bond Fund HSBC 562 562-2 Krung Thai Fixed Income FIF 127 Krung Thai Bank 318 321-3 Fidelity US High Yield Fund Fidelity 318 8,024 4 4 ICICI Pru Flexi Income ICICI Prudential 299 3,208-5 Birla Sun Life S/T Birla Sun Life 299 2,660-1 Amundi Double Watch Amundi 196 471-2 Birla Sun Life Balanced 95 Birla Sun Life 145 992-3 B Senior Citizen Mixed Bangkok Bank 80 306 5 4 DSP BlackRock Balanced DSP BlackRock 63 472-5 BEA Union Inv Asia Pacific Multi Inc BEA 55 417-1 Birla Sun Life Cash Plus Birla Sun Life 2,022 5,522-2 UBSHana New MMF S29 UBS Hana 1,727 4,197-3 Axis Liquid AXIS 1,597 3,043-4 Reliance Liquid Trsu Plan Reliance 1,186 4,330-5 Kiwoom Institutional MMF 1 Kiwoom 864 2,675-1 MUKAM AI Japan Equity Open Absolute Ret Mitsubishi UFJ 63 63-2 ICICI Pru Equity Arbitrage ICICI Prudential 58 1,063-3 Daiwa Bull 3 Japan Equity Portfolio 4 Daiwa 37 690-4 Birla Sun Life Enhanced Arbitrage Birla Sun Life 35 362-5 Reliance Arbitrage Adv Reliance 33 631-1 GS Global Big Data Invmt Strat B UnHdg Goldman Sachs 1,043 1,043-2 SMTAM Hedge Fund SMTB Selection SMA STB Asset Management 753 752-3 Eastspring US Bank Loan SA Fdr Loan Hdgd Eastspring Investments 290 520-4 MiraeAsset Global Dynamic Feeder Bond 1 Mirae Asset 271 1,702-5 AMOne Currency Select J-REIT Fd D1M BRL AM One 255 905 - For internal use only Page 26

Worldwide TOP SELLING PIONEER FUNDS Universe: ACTIVE FUNDS (Ex Index, ETF, Feeder & FoF) Fund name Flows AUM MS rating Category YTD () () (AUM weighted) 1 Pioneer Fds Euro Strategic Bond Fixed Income 448 3,303 4 2 Pioneer Fds EM Bond Short-Term Fixed Income 265 1,292-3 PSSF Progetto Cedola 02/2022 Allocation 258 258-4 Pioneer Fds Abs Ret Currencies Alternative 254 797-5 Pioneer Obb Più a distribuzione Allocation 238 4,116 3 6 Pioneer FS Divers Inc Best Sel Allocation 202 204-7 Pioneer Target Controllo Alternative 196 2,803-8 Pioneer SF Divers Shrt-Term Bd Fixed Income 191 508-9 Pioneer Fds US High Yield Fixed Income 139 3,604 3 10 Pioneer Obbligazionario Globale HY Fixed Income 134 771 3 11 Pioneer Fds Real Assets Target Income Allocation 128 377-12 Pioneer Fds Abs Ret Multi Str Alternative 113 1,118-13 Pioneer Fds European Equity Optimal Vol Equity 110 333-14 Pioneer Fds US Dollar Agg Bd Fixed Income 97 1,315 5 15 Pioneer Fds Optml Yld Shrt-Term Fixed Income 96 96-16 Pioneer Fds Eurpn Eq Value Equity 93 690 5 17 Pioneer Bond Fund Fixed Income 88 4,301 5 18 Pioneer AMT Free Municipal Fund Tax Preferred 77 1,221 4 19 PSSF PUAF Sel Div 15 Maggio 2023 Miscellaneous 77 77-20 Pioneer Multi-Asset Ultrashort Income Fd Fixed Income 72 3,120 4 1 HVB Vermögensdepot priv Wachstum PI 53 1,411 2 2 Core Series - Core MA Inc 48 305 - FoF 3 Pioneer SICAV Emerg Mkts Bd 39 596 3 4 Pioneer Inv Multi Manager Best Select 17 723 3 5 Core Series - Core Champions 17 1,206 3 For internal use only Page 27

Europe TOP SELLING PIONEER FUNDS Universe: ACTIVE FUNDS (Ex Index, ETF, Feeder & FoF) Fund name Flows AUM MS rating Category YTD (mln ) (mln ) (AUM weighted) 1 Pioneer Fds Euro Strategic Bond Fixed Income 419 3,109 4 2 Pioneer Fds EM Bond Short-Term Fixed Income 248 1,216-3 PSSF Progetto Cedola 02/2022 Allocation 243 243-4 Pioneer Fds Abs Ret Currencies Alternative 239 750-5 Pioneer Obb Più a distribuzione Allocation 222 3,874 3 6 Pioneer FS Divers Inc Best Sel Allocation 187 192-7 Pioneer Target Controllo Alternative 184 2,638-8 Pioneer SF Divers Shrt-Term Bd Fixed Income 178 478 - FoF 9 Pioneer Fds US High Yield Fixed Income 130 3,392 3 10 Pioneer Obbligazionario Globale HY Fixed Income 126 725 3 11 Pioneer Fds Real Assets Target Income Allocation 119 355-12 Pioneer Fds Abs Ret Multi Str Alternative 106 1,052-13 Pioneer Fds European Equity Optimal Vol Equity 104 314-14 Pioneer Fds US Dollar Agg Bd Fixed Income 90 1,237 5 15 Pioneer Fds Optml Yld Shrt-Term Fixed Income 90 90-16 Pioneer Fds Eurpn Eq Value Equity 86 649 5 17 PSSF PUAF Sel Div 15 Maggio 2023 Miscellaneous 72 72-18 Pioneer Fds Glbl Eq Target Inc Equity 52 1,918 2 19 Pioneer Obbl Paesi Emerg a dist. Fixed Income 51 787 2 20 Pioneer Fds Glb MltAst Tgt Inc Allocation 46 1,808 4 1 HVB Vermögensdepot priv Wachstum PI 49 4,946 2 2 Core Series - Core MA Inc 45 1,453-3 Pioneer SICAV Emerg Mkts Bd 36 1,423 3 4 Pioneer Inv Multi Manager Best Select 17 810 3 5 Core Series - Core Champions 16 359 3 For internal use only Page 28

US TOP SELLING PIONEER FUNDS Universe: ACTIVE FUNDS (Ex Index, ETF, Feeder & FoF) Fund name Flows AUM MS rating Category YTD () () (AUM weighted) 1 Pioneer Bond Fund US Fund Intermediate-Term Bond 88 4,301 5 2 Pioneer AMT Free Municipal Fund US Fund Muni National Long 77 1,221 4 3 Pioneer Multi-Asset Ultrashort Income Fd US Fund Ultrashort Bond 72 3,120 4 4 Pioneer Equity Income US Fund Large Value 25 2,067 4 5 Pioneer Global Multisector Income Fund US Fund World Bond 23 51 4 6 Pioneer High Income Municipal Fund US Fund High Yield Muni 17 562 4 7 Pioneer Floating Rate Fund US Fund Bank Loan 17 835 4 8 Pioneer US Corporate High Yield Fund US Fund High Yield Bond 5 5-9 Pioneer Dynamic Credit US Fund Nontraditional Bond 2 272 5 10 Pioneer International Equity Fund US Fund Foreign Large Blend -2 156 2 11 Pioneer Emerging Markets Fund US Fund Diversified Emerging Mkts -3 104 1 12 Pioneer Global Equity Fund US Fund World Stock -4 162 3 13 Pioneer Select Mid Cap Growth Fund US Fund Mid-Cap Growth -4 1,342 4 14 Pioneer Classic Balanced Fund US Fund Allocation--50% to 70% Equity -5 290 4 15 Pioneer Short Term Income Fund US Fund Short-Term Bond -7 561 4 16 Pioneer Multi-Asset Income Fund US Fund Allocation--30% to 50% Equity -8 740 4 17 Pioneer US Government Money Market Fund US Fund Prime Money Market -8 307-18 Pioneer Real Estate Shares Fund US Fund Real Estate -10 139 3 19 Pioneer Disciplined Growth Fund US Fund Large Growth -10 1,099 4 20 Pioneer Mid Cap Value Fund US Fund Mid-Cap Value -18 1,030 3 1 Pioneer Solutions Conservative Fund -2 59 3 2 Pioneer Solutions Growth Fund -2 309 2 FoF 3 Pioneer Solutions Balanced Fund -4 170 2 4... 5... For internal use only Page 29

Asia TOP SELLING PIONEER FUNDS Universe: ACTIVE FUNDS (Ex Index, ETF, Feeder & FoF) Fund name Flows AUM MS rating Category YTD () () (AUM weighted) 1 Baroda Pioneer Liquid Money Market 335.1 887.5-2 Baroda Pioneer Treasury Advantage Fixed Income 141.7 429.7-3 Baroda Pioneer Balance Allocation 9.0 25.7-4 Baroda Pioneer Credit Opp Fixed Income 8.3 73.2-5 Baroda Pioneer Growth Equity 5.3 59.5-6 Baroda Pioneer ELSS 96 Equity 1.2 11.6-7 Baroda Pioneer Large Cap Equity 0.3 3.2-8 Baroda Pioneer Mid-cap Equity 0.1 4.6-9 Baroda Pioneer Gilt Fixed Income -0.1 7.1-10 Baroda Pioneer Income Fixed Income -0.1 3.8-11 Baroda Pioneer MIP Allocation -0.7 2.7-12 Baroda Pioneer Dynamic Bond Fixed Income -0.9 4.0-13 Baroda Pioneer Banking & Fin Services Equity -1.9 6.1-14 Baroda Pioneer S/T Bond Fixed Income -5.2 52.7-15 16 17 18 19 20 1 2 FoF 3 4 5 For internal use only Page 30

Fund name Worldwide TOP SELLING PASSIVE FUNDS Universe: PASSIVE FUNDS (Index & ETF ONLY) Flows AUM Category YTD () () 1 Vanguard Total Stock Market Index Fund US Equity Large Cap Blend 14,088 541,309 2 Vanguard 500 Index Fund US Equity Large Cap Blend 7,036 306,379 3 Vanguard Total Intl Stock Idx Fund Global Equity Large Cap 6,967 251,607 4 Vanguard Total Bond Market II Index Fund US Fixed Income 5,819 120,946 5 Vanguard Total International Bd Idx Fund Global Fixed Income 4,928 73,165 6 ishares Core MSCI Emerging Markets Emerging Markets Equity 4,238 23,738 7 Nomura Topix Listed Japan Equity 3,782 38,935 8 ishares iboxx $ Invst Grade Crp Bond US Fixed Income 3,710 31,132 9 Vanguard Developed Markets Index Fund Global Equity Large Cap 2,980 73,550 10 ishares Core S&P Small-Cap US Equity Small Cap 2,959 29,673 11 Vanguard Total Bond Market Index Fund US Fixed Income 2,747 176,037 12 ishares Core S&P Mid-Cap US Equity Mid Cap 2,723 38,950 13 Vanguard Interm-Tm Corp Bd Idx US Fixed Income 2,277 13,803 14 Vanguard Small Cap Index Fund US Equity Small Cap 2,269 74,503 15 Nikko Topix Listed Japan Equity 2,159 17,700 16 ishares Core MSCI EAFE Global Equity Large Cap 2,141 18,682 17 Vanguard Value Index Fund US Equity Large Cap Value 2,087 55,031 18 Vanguard Short-Term Bond Index Fund US Fixed Income 2,067 48,269 19 Daiwa Topix Listed Japan Equity 2,001 18,389 20 Vanguard Short-Term Corp Bd Idx US Fixed Income 1,945 21,007 For internal use only Page 31

Fund name Europe TOP SELLING PASSIVE FUNDS Universe: PASSIVE FUNDS (Index & ETF ONLY) Flows AUM Category YTD (mln ) (mln ) 1 Xetra-Gold Commodities Precious Metals 1,607 6,122 2 UBS ETF MSCI ACWI SF Global Equity Large Cap 1,019 1,969 3 ishares J.P. Morgan $ EM Bond Emerging Markets Fixed Income 967 6,512 4 Source Bloomberg Commodity ETF Commodities Broad Basket 956 971 5 Lyxor S&P 500 ETF US Equity Large Cap Blend 948 3,708 6 Amundi ETF Floating Rate USD Corporate Other Fixed Income 746 2,147 7 ishares $ Corp Bond US Fixed Income 728 5,363 8 ishares Core MSCI World Global Equity Large Cap 683 8,969 9 ishares Edge MSCI USA Value Factor US Equity Large Cap Value 661 817 10 UBS (CH) IF Global Aggregate Bds Pass II Global Fixed Income 659 2,133 11 UBS (CH) IF Glb Agg Bds Pass Hdgd CHF II Global Fixed Income 658 2,074 12 ishares EM Local Govt Bond USD Dist Emerging Markets Fixed Income 588 3,938 13 ishares $ High Yield Corp Bond High Yield Fixed Income 536 4,090 14 Amundi ETF Euro Stoxx 50 DR Europe Equity Large Cap 498 2,040 15 DNB Global Indeks Global Equity Large Cap 423 1,949 16 ProCapture Europe Index Fund Europe Equity Large Cap 422 545 17 Vanguard Euro Government Bond Index Euro Fixed Income 393 4,747 18 BNPP E JPM GBI EMU Euro Fixed Income 390 707 19 Source Physical Gold P-ETC Commodities Precious Metals 372 3,623 20 ishares MSCI World GBP Hedged (Acc) Global Equity Large Cap 353 514 For internal use only Page 32

Fund name US TOP SELLING PASSIVE FUNDS Universe: PASSIVE FUNDS (Index & ETF ONLY) Flows AUM Category YTD () () 1 Vanguard Total Stock Market Index Fund US Equity Large Cap Blend 14,088 541,309 2 Vanguard 500 Index Fund US Equity Large Cap Blend 7,036 306,379 3 Vanguard Total Intl Stock Idx Fund Global Equity Large Cap 6,967 251,607 4 Vanguard Total Bond Market II Index Fund US Fixed Income 5,819 120,946 5 Vanguard Total International Bd Idx Fund Global Fixed Income 4,928 73,165 6 ishares Core MSCI Emerging Markets Emerging Markets Equity 4,238 23,738 7 ishares iboxx $ Invst Grade Crp Bond US Fixed Income 3,710 31,132 8 Vanguard Developed Markets Index Fund Global Equity Large Cap 2,980 73,550 9 ishares Core S&P Small-Cap US Equity Small Cap 2,959 29,673 10 Vanguard Total Bond Market Index Fund US Fixed Income 2,747 176,037 11 ishares Core S&P Mid-Cap US Equity Mid Cap 2,723 38,950 12 Vanguard Interm-Tm Corp Bd Idx US Fixed Income 2,277 13,803 13 Vanguard Small Cap Index Fund US Equity Small Cap 2,269 74,503 14 ishares Core MSCI EAFE Global Equity Large Cap 2,141 18,682 15 Vanguard Value Index Fund US Equity Large Cap Value 2,087 55,031 16 Vanguard Short-Term Bond Index Fund US Fixed Income 2,067 48,269 17 Vanguard Short-Term Corp Bd Idx US Fixed Income 1,945 21,007 18 ishares Core S&P 500 US Equity Large Cap Blend 1,841 97,844 19 Vanguard Mid-Cap Index Fund US Equity Mid Cap 1,810 83,058 20 Vanguard Emerging Markets Stock Idx Fund Emerging Markets Equity 1,751 67,964 For internal use only Page 33