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Global Indexes - Report Card 2017

Indexes Report Card U.S. Indexes - Annual Returns 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 Barron's 400 Total Return 19.66 18.26-3.10 7.05 41.60 15.08 0.52 23.97 41.12-39.21 S&P 500 Index - Total Return 21.83 11.96 1.38 13.69 32.39 16.00 2.11 15.06 26.46-37.00 Dow Jones US Total Stock Market - Total Return 21.16 12.62 0.44 12.47 33.47 16.38 1.08 17.49 28.57-37.23 MG40 Price Return 18.98-1.07-11.38 2.96 48.59 11.39-3.02 15.82 37.80-48.28 Russell 3000 - Price Return 18.85 10.41-1.47 10.45 30.95 13.98-0.92 14.75 25.46-38.70 MG100 Price Return 25.32 11.79-2.98 8.25 46.52 18.68 1.86 18.68 40.92-45.32 S&P 500 Index - Price Return 19.42 9.54-0.73 11.39 29.60 13.41 0.00 12.78 23.45-38.49 Russell 3000 - Price Return 18.85 10.41-1.47 10.45 30.95 13.98-0.92 14.75 25.46-38.70 MG200 Price Return 15.65 13.36-6.33 6.14 40.25 16.35 0.31 22.21 38.16-44.08 S&P 500 Index - Price Return 19.42 9.54-0.73 11.39 29.60 13.41 0.00 12.78 23.45-38.49 Russell 3000 - Price Return 18.85 10.41-1.47 10.45 30.95 13.98-0.92 14.75 25.46-38.70 MG Small Cap Price Return 9.01 20.19-8.82-2.68 43.70 15.93-4.56 25.02 33.57-41.45 S&P SmallCap -Price Return 11.73 24.75-3.36 4.44 39.65 14.81-0.16 24.98 23.78-31.99 MG Mid Cap Price Return 19.14 16.43-10.38 5.97 43.82 14.85 8.79 26.98 38.44-45.49 S&P MidCap - Price Return 14.45 18.73-3.71 8.19 31.57 16.07-3.10 24.85 35.00-37.28 MG Large Cap Price Return 26.45 11.35-7.21 12.47 37.67 14.40 3.31 17.88 36.75-44.74 S&P 100 Index - Price Return 19.34 8.78 0.34 10.27 27.40 13.28 0.86 10.08 19.13-37.06 S&P 500 Index - Price Return 19.42 9.54-0.73 11.39 29.60 13.41 0.00 12.78 23.45-38.49 MG Consumer Discretionary Price Return 17.48 6.38-8.24-0.23 40.28 15.43-0.24 22.55 48.49-34.83 S&P Composite 1500 / Consumer Discretionary -SEC - Price Return 20.78 4.98 6.23 8.03 41.28 21.90 3.72 26.80 41.11-35.91 MG Consumer Staples Price Return 17.26 0.46 8.65 17.98 42.85 14.48 12.89 19.86 23.57-26.89 S&P Composite 1500 / Consumer Staples -SEC - Price Return 10.15 3.10 3.40 13.48 23.41 7.78 10.84 11.25 11.70-17.81 MG Energy Price Return -3.03 14.38-37.46-25.78 35.08 2.30-3.78 28.40 58.46-52.60 S&P Composite 1500 / Energy -SEC - Price Return -4.70 23.72-24.40-11.26 22.70 2.13 2.07 18.89 13.93-36.81 MG Financials Price Return 9.62 11.85 5.45 0.84 44.94 12.86 2.33 19.92 9.89-35.17 S&P Composite 1500 / Financials -SEC - Price Return 18.74 21.50-2.81 12.62 31.63 24.23-16.58 11.68 12.75-54.02 MG Health Care Price Return 25.22-4.72 3.61 23.49 45.70 13.71 17.25 15.50 18.86-26.09 S&P Composite 1500 / Health Care -SEC - Price Return 20.51-3.63 5.83 22.91 39.67 15.88 9.61 3.19 18.33-25.25 MG Industrials Price Return 16.40 12.79-7.48 5.63 52.11 16.66-10.69 30.42 33.39-47.59 S&P Composite 1500 / Industrials -SEC - Price Return 18.76 17.80-4.72 6.39 38.43 13.83-2.97 24.68 18.36-40.43 MG Materials Price Return 18.16 13.01-7.75 0.27 6.21 7.89-6.90 46.37 56.85-52.23 S&P Composite 1500 / Materials -SEC - Price Return 20.36 19.08-11.90 4.33 23.34 13.95-10.09 20.64 46.40-46.80 MG Technology Price Return 31.84 14.32 5.83 11.75 43.22 16.13-10.51 16.28 66.58-41.68 S&P Composite 1500 / Technology -SEC - Price Return 35.49 13.01 4.05 17.18 26.97 13.20 0.14 11.13 59.37-43.40 MG US Income Index Total Return 9.22 21.94-7.39 8.82 30.17 8.40 8.89 19.96 38.41-13.89 DJ Select Dividend - Total Return 15.44 21.98-1.64 15.36 29.06 10.84 12.42 18.32 11.13-30.97 MG US Large Cap Value Index Total Return 23.41 18.41-4.15 14.48 31.93 12.42 5.14 22.00 37.91-35.61 Russell 1000 Value - Total Return 13.66 17.34-3.83 13.45 32.53 17.51 0.39 15.51 19.69-36.85 Risk Managed Indexes U.S.: Risk-Managed MG 100 Index 26.37 1.50-11.91 4.00 42.66 17.20 17.40 19.41 40.51-7.23 S&P 500 Index - Price Return 19.42 9.54-0.73 11.39 29.60 13.41 0.00 12.78 23.45-38.49 Frequency: Monthly All US indexes returns are price returns except for Barron s 400 Index, MG US Income Index and MG US Large Cap Value Index.com 2018. All Rights Reserved. 156 Almeria Avenue, 201 Coral Gables, FL 33134 (888) 529 1767 indexes@marketgrader.com

Indexes Report Card U.S. Indexes - Annualized and Cumulative Returns Annualized Cumulative Ann. Std. Upside Downside Ann. Avg. Ann. Tracking Error Return / SD Dev. Ratio Excess Info. Ratio Barron's 400 Total Return 11.55 795.75 21.56 0.54 114.05 106.50 1.07 4.38 7.89 0.55 S&P 500 Index - Total Return 7.17 301.35 19.56 0.37 - - - - Dow Jones US Total Stock Market - Total Return 7.54 330.13 19.40 0.39 - - - - MG40 Price Return 10.15 328.43 24.36 0.42 121.25 115.75 1.05 3.43 13.85 0.25 Russell 3000 - Price Return 8.11 223.36 19.00 0.43 - - - - MG100 Price Return 12.12 484.44 22.18 0.55 121.03 109.50 1.11 5.95 10.86 0.55 S&P 500 Index - Price Return 7.08 187.41 18.90 0.37 - - - - Russell 3000 - Price Return 7.53 206.49 19.25 0.39 - - - - MG200 Price Return 10.89 387.78 21.56 0.50 118.31 114.10 1.04 3.07 8.26 0.37 S&P 500 Index - Price Return 7.82 217.03 18.84 0.42 - - - - Russell 3000 - Price Return 8.25 237.13 19.19 0.43 - - - - MG Small Cap Price Return 9.66 311.31 23.47 0.41 102.00 104.83 0.97-1.35 6.72-0.20 S&P SmallCap -Price Return 11.02 396.34 22.91 0.48 - - - - MG Mid Cap Price Return 11.90 460.83 22.06 0.54 107.58 106.15 1.01 1.44 7.21 0.20 S&P MidCap - Price Return 10.46 359.72 21.06 0.50 - - - - MG Large Cap Price Return 11.36 420.80 20.49 0.55 110.02 100.67 1.09 4.43 8.27 0.54 S&P 100 Index - Price Return 6.94 179.66 18.37 0.38 - - - - S&P 500 Index - Price Return 7.82 217.03 18.84 0.42 - - - - MG Consumer Discretionary Price Return 9.80 312.64 23.03 0.43 106.98 107.68 0.99 0.27 9.52 0.03 S&P Composite 1500 / Consumer Discretionary -SEC - Price Return 9.54 297.71 20.89 0.46 - - - - MG Consumer Staples Price Return 11.83 443.98 15.17 0.78 104.58 91.56 1.14 4.38 7.58 0.58 S&P Composite 1500 / Consumer Staples -SEC - Price Return 7.45 197.03 13.45 0.55 - - - - MG Energy Price Return 7.15 184.82 32.19 0.22 117.11 119.04 0.98-0.23 12.68-0.02 S&P Composite 1500 / Energy -SEC - Price Return 7.38 194.18 26.92 0.27 - - - - MG Financials Price Return 6.88 174.27 23.68 0.29 82.49 75.64 1.09 3.86 13.56 0.28 S&P Composite 1500 / Financials -SEC - Price Return 3.03 57.14 30.43 0.10 - - - - MG Health Care Price Return 13.38 570.25 19.11 0.70 107.77 96.20 1.12 5.20 9.76 0.53 S&P Composite 1500 / Health Care -SEC - Price Return 8.18 229.17 16.43 0.50 - - - - MG Industrials Price Return 10.37 346.16 25.88 0.40 110.89 109.25 1.01 1.70 11.50 0.15 S&P Composite 1500 / Industrials -SEC - Price Return 8.68 252.80 20.70 0.42 - - - - MG Materials Price Return 10.64 362.91 27.75 0.38 109.05 106.62 1.02 2.11 10.47 0.20 S&P Composite 1500 / Materials -SEC - Price Return 8.53 245.79 24.31 0.35 - - - - MG Technology Price Return 12.91 529.36 24.00 0.54 108.33 105.04 1.03 2.59 10.65 0.24 S&P Composite 1500 / Technology -SEC - Price Return 10.32 342.81 21.43 0.48 - - - - MG US Income Index Total Return 11.38 194.91 19.71 0.58 94.06 87.21 1.08 2.61 7.36 0.35 DJ Select Dividend - Total Return 8.77 132.44 21.12 0.41 - - - - MG US Large Cap Value Index Total Return 10.44 170.87 22.91 0.46 100.90 93.98 1.07 3.42 11.07 0.31 Russell 1000 Value - Total Return 7.02 97.58 22.36 0.31 - - - - Risk Managed Indexes U.S.: Risk-Managed MG 100 Index 14.86 575.87 19.95 0.74 115.95 98.30 1.18 8.39 14.23 0.59 S&P 500 Index - Price Return 6.47 137.40 18.81 0.34 - - - - * All calculations are using daily frequency except capture ratios which are using weekly frequency Return Dates - Barrons 400 Total Return: 1/2/1998, MG40 Price Return: 1/2/2003, MG100 Price Return: 8/16/2002, MG200 Price Return: 9/20/2002, MG Small Cap Price Return: 9/20/2002, MG Mid Cap Price Return: 9/20/2002, MG Large Cap Price Return: 9/20/2002, MG Consumer Discretionary Price Return: 11/25/2002, MG Consumer Staples Price Return: 11/25/2002, MG Energy Price Return: 11/25/2002, MG Financials Price Return: 11/25/2002, MG Health Care Price Return: 11/25/2002, MG Industrials Price Return: 11/25/2002, MG Materials Price Return: 11/25/2002, MG Technology Price Return: 11/25/2002, MG US Income Index Total Return: 12/31/2007, U.S.: Risk-Managed MG 100 Index: 4/1/2004. Return dates for benchmark indexes vary according to inception dates of indexes as listed above..com 2018. All Rights Reserved. 156 Almeria Avenue, 201 Coral Gables, FL 33134 (888) 529 1767 indexes@marketgrader.com

Indexes Report Card Global and Multinational Indexes - Annual Returns North America Index 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 MG Canada 100 Total Return 21.19 20.69-24.60-0.09 7.99 11.26-11.92 33.74 75.29-48.77 Canada S&P TSX Composite 13.48 21.72-25.86-1.46 2.67 6.36-13.22 20.75 53.90-48.06 Latin America Indexes MG Brazil 40 Total Return 39.63 50.70-38.81-8.89-10.74 23.17-12.71 23.75 157.06-46.72 Brazil Ibovespa - Price Return 24.47 68.88-41.76-13.83-26.66-2.16-27.12 6.11 144.35-55.14 IBrX 50 - Price Return 24.43 66.31-41.61-13.59-17.04 0.09-23.52 5.79 130.65-56.60 MSCI Brazil - Price Return 21.00 61.34-43.45-17.39-18.68-3.50-24.85 3.78 121.25-57.64 MG MILA 40 Total Return 24.58 3.43-11.36-5.87-1.11 37.76-11.48 49.40 76.56-31.73 Russell Latin America Total Return 24.48 31.52-31.38-12.65-13.60 12.31-18.62 20.10 110.30-51.90 Europe Indexes MG Europe 100 Total Return 37.26-4.29 15.23-2.08 33.59 35.07-8.45 22.84 60.21-51.37 STOXX Europe 600 -Net Return (USD) 22.59-4.07-4.13-8.37 22.67 16.15-14.20 1.57 30.80-47.76 MG United Kingdom 100 37.99-10.90 7.52-6.07 32.83 28.21-8.11 26.87 71.58-50.43 FTSE 100 - Total Return 22.56-0.17-6.72-5.16 20.91 15.03-2.90 9.19 43.01-48.23 Middle East Index MG Israel 40 Total Return 31.92 6.58 2.07-9.82 34.83 16.28-26.45 30.24 108.28-52.40 MSCI Israel - Gross Return 2.59-24.46 11.08 23.68 11.91-3.91-27.60 5.00 54.58-28.84 MSCI Israel All Cap - Gross Return 12.27-13.57 10.79 10.02 19.50 4.62-28.59 Asia Indexes MG Japan 100 48.47-6.81 11.74-3.30 54.80 9.34 0.34 20.73 8.49-33.06 Japan TOPIX 1000 Gross Return 26.09 3.25 11.69-3.51 27.13 7.49-12.88 15.82 4.87-27.32 MG Japan 200 40.44-1.66 14.68-0.96 42.74 6.06-1.29 20.40 11.93-32.38 Japan TOPIX 1000 Gross Return 26.09 3.25 11.69-3.51 27.13 7.49-12.88 15.82 4.87-27.32 MG India 50 54.89-1.65 6.18 36.23-15.42 27.36-44.33 22.12 139.92-66.02 S&P BSE SENSEX 37.77 0.86-8.10 29.22-1.94 24.05-35.70 23.99 91.91-61.00 MG Asia Pacific 400 37.57 0.97 1.03 7.68 17.63 25.54-15.54 29.32 91.97-55.42 Russell Asia Pacific - Total Return 32.04 5.06-0.63 0.86 12.85 17.06-15.05 19.19 42.25-43.22 MG Developed AP 200 36.61-3.97 3.03-3.54 31.69 21.61-14.14 26.48 72.01-54.32 S&P Asia Pacific BMI- Gross return 28.24 4.77 3.31-3.12 16.29 14.98-12.72 18.48 29.67-38.59 MG Emerging AP 200 38.55 6.00-1.08 20.17 4.70 29.44-16.95 31.76 112.71-56.75 S&P Emerging Asia Pacific BMI - Gross Return 40.83 5.06-7.61 10.77 4.72 21.17-20.63 19.73 81.47-52.86 Global Indexes MG Developed Markets 300 38.80-6.91 2.82-2.98 28.06 18.61-14.53 23.27 64.98-53.05 MSCI EAFE - Gross Return 25.62 1.51-0.39-4.48 23.29 17.90-11.73 8.21 32.46-43.06 MG Emerging Markets 300 31.33 10.67-14.58 9.47-2.07 27.47-15.87 28.60 108.34-51.98 MSCI EM (Emerging Markets) - Gross Return 37.75 11.60-14.60-1.82-2.27 18.63-18.17 19.20 79.02-53.18 MG Global 1000 28.75 8.03-4.81 4.65 23.42 19.68-8.93 25.15 66.87-47.31 MSCI AC World Index - Gross Return 24.62 8.48-1.84 4.71 23.44 16.80-6.86 13.21 35.41-41.85 *Frequency: Monthly. All returns in USD. * All US indexes returns are price returns except for Barron s 400 Index, MG US Income Index and MG US Large Cap Value Index * The other world indexes returns are total returns, gross returns or net returns except Brazil Index which uses price returns..com 2018. All Rights Reserved. 156 Almeria Avenue, 201 Coral Gables, FL 33134 (888) 529 1767 indexes@marketgrader.com

Indexes Report Card Global and Multinational Indexes - Annualized and Cumulative Returns North America Index Annualized Cumulative Ann. Std. Dev. Return / SD Upside Downside Ratio Ann. Avg. Excess Ann. Tracking Error MG Canada 100 Total Return 3.41 40.01 31.81 0.11 101.80 94.72 1.07 4.21 23.34 0.18 Canada S&P TSX Composite -0.80-7.70 24.08-0.03 Latin America Indexes MG Brazil 40 Total Return 6.65 90.79 31.78 0.21 86.99 77.16 1.13 10.97 13.84 0.79 Brazil Ibovespa - Price Return -4.32-35.83 37.69-0.11 IBrX 50 - Price Return -3.46-29.78 37.41-0.09 MSCI Brazil - Price Return -6.25-47.69 36.94-0.17 MG MILA 40 Total Return 8.82 133.49 20.42 0.43 66.36 55.25 1.20 9.42 15.78 0.60 Russell Latin America Total Return -0.60-5.86 29.07-0.02 Europe Indexes MG Europe 100 Total Return 8.86 134.34 23.65 0.37 101.87 85.23 1.20 10.16 8.39 1.21 STOXX Europe 600 -Net Return (USD) -1.30-12.34 24.34-0.05 MG United Kingdom 100 7.66 109.65 24.48 0.31 98.79 88.53 1.12 5.98 10.67 0.56 FTSE 100 - Total Return 1.68 18.14 24.48 0.07 Middle East Index MG Israel 40 Total Return 6.75 92.68 19.72 0.34 74.68 61.36 1.22 7.19 17.25 0.42 MSCI Israel - Gross Return -0.43-4.25 19.61-0.02 MSCI Israel All Cap - Gross Return 0.79 5.67 16.48 0.05 - - - - Asia Indexes MG Japan 100 8.30 122.64 23.36 0.36 100.41 91.28 1.10 4.36 10.70 0.41 Japan TOPIX 1000 Gross Return 3.94 47.43 22.35 0.18 - - - - MG Japan 200 7.86 113.59 22.46 0.35 99.18 90.96 1.09 3.91 8.73 0.45 Japan TOPIX 1000 Gross Return 3.94 47.43 22.35 0.18 - - - - MG India 50 2.77 31.55 27.20 0.10 98.94 97.30 1.02 0.96 12.56 0.08 S&P BSE SENSEX 1.81 19.77 27.08 0.07 - - - - MG Asia Pacific 400 7.60 108.58 17.94 0.42 106.10 99.14 1.07 3.46 8.55 0.40 Russell Asia Pacific - Total Return 4.14 50.22 18.47 0.22 - - - - MG Developed AP 200 5.92 78.15 19.12 0.31 99.68 95.38 1.05 1.93 9.87 0.20 S&P Asia Pacific BMI- Gross return 3.99 48.06 19.77 0.20 - - - - MG Emerging AP 200 9.03 138.19 18.87 0.48 95.44 87.22 1.09 4.49 8.16 0.55 S&P Emerging Asia Pacific BMI - Gross Return 4.54 56.17 19.62 0.23 - - - - Global Indexes MG Developed Markets 300 4.78 59.78 20.38 0.23 95.44 90.61 1.05 2.37 11.49 0.21 MSCI EAFE - Gross Return 2.41 27.05 19.77 0.12 - - - - MG Emerging Markets 300 6.25 83.66 19.74 0.32 93.92 86.72 1.08 4.23 7.54 0.56 MSCI EM (Emerging Markets) - Gross Return 2.02 22.17 20.91 0.10 - - - - MG Global 1000 7.42 105.08 18.69 0.40 105.98 101.66 1.04 2.22 6.32 0.35 MSCI AC World Index - Gross Return 5.20 66.35 17.42 0.30 - - - - * All calculations are using daily frequency except capture ratios which are using weekly frequency Return Dates - MG Canada 100: 1/1/2008, MG Brazil 40: 1/1/2008, MG MILA 40: 1/1/2008, MG Europe 100: 1/1/2008, MG United Kingdom 100: 1/1/2008, MG Israel 40: 1/1/2008, MG Japan 100: 1/1/2008, MG Japan 200: 1/1/2008, MG India 50: 1/1/2008, MG Asia Pacific 400: 1/1/2008, MG Developed AP 200: 1/1/2008, MG Emerging AP 200: 1/1/2008, MG Developed Markets 300: 1/1/2008, MG Emerging Markets 300: 1/1/2008, MG Global 1000: 1/1/2008 Return dates for benchmark indexes vary according to inception dates of indexes as listed above. Info. Ratio.com 2018. All Rights Reserved. 156 Almeria Avenue, 201 Coral Gables, FL 33134 (888) 529 1767 indexes@marketgrader.com

Indexes Report Card China Indexes - Annual Returns 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 Core Indexes CSI China 200 Index Total Return 7.96-14.68 68.22 35.76 22.01 10.29-29.22 20.23 140.87-57.92 CSI 300 Index Total Return 24.25-9.26 7.22 55.85-5.33 9.80-24.05-11.58 98.58-65.61 CSI 500 Index Total Return 0.61-17.17 43.85 40.45 18.06 1.18-33.49 10.51 132.43-61.96 CSI All Share Index Total Return 3.68-13.31 33.78 48.41 7.10 6.24-27.32-2.99 108.10-64.33 MG China A-Share 100 12.00-13.61 72.49 29.45 12.32 14.04-30.22 21.91 148.51-55.97 Exchange Indexes MG Shanghai 80 Index 16.33-14.17 48.69 40.29 4.90 11.65-30.22 17.10 132.37-56.97 Shanghai Composite 6.56-12.31 9.41 52.87-6.75 3.17-21.68-14.31 79.98-65.39 MG Shenzhen 80 Index 3.43-14.34 75.42 25.17 24.97 10.41-30.87 22.72 157.47-57.65 Shenzhen Composite -3.57-14.72 63.38 33.94 20.01 1.42-32.88 7.13 116.89-61.77 Size Indexes MG China A-Share Large 80 Cap 17.27-14.31 65.94 27.64 10.62 12.44-29.73 14.92 139.51-60.20 CSI 300 Index Total Return 24.25-9.26 7.22 55.85-5.33 9.80-24.05-11.58 98.58-65.61 MG China A-Share Small Cap 120 Index -14.32-7.51 98.62 45.61 37.68 3.89-28.44 20.74 145.78-53.41 CSI 500 Index Total Return 0.61-17.17 43.85 40.45 18.06 1.18-33.49 10.51 132.43-61.96 Sector Indexes MG China Consumer Discretionary Index 7.06-13.94 61.89 32.57 21.18 3.09-26.68 7.83 147.40-53.92 CSI 300 Consumer Discretionary Index 31.85-14.22 29.13 23.51 23.27 9.19-25.79-7.34 131.66-62.72 MG China Consumer Staples Index 28.98-6.85 48.10 7.46 2.01 9.42-17.12 32.50 136.94-48.87 CSI 300 Consumer Staples Index 85.36 11.00 24.37 17.37-3.75-3.28-9.14 15.25 87.65-57.39 MG China Energy Index 5.12 3.00 19.11 23.04-17.06 1.30-30.74 6.80 234.61-61.35 CSI 300 Energy Index 16.16-1.52-17.66 24.12-31.44-2.14-23.17-11.26 127.36-69.37 MG China Financials Index 5.48-12.28 31.25 64.32-4.14 25.70-19.72-23.99 142.35-61.83 CSI 300 Financials Index 20.69-6.95-5.24 93.30-6.83 25.28-13.84-26.30 103.72-66.38 MG China Health Care Index 5.37-12.07 74.67 11.54 50.35 13.75-29.90 36.14 129.39-40.93 CSI 300 Health Care Index 27.50-2.10 37.32 6.19 24.16 10.08-32.30 22.70 95.59-45.21 MG China Industrials Index 5.08-14.04 79.20 34.93 28.20 11.29-35.38 23.58 131.33-58.27 CSI 300 Industrials Index 6.24-15.34 13.00 65.79-6.04-1.74-34.45 1.53 72.62-66.30 MG China Materials Index 12.92-5.83 62.33 46.51 4.04 6.65-32.45 12.93 129.40-62.90 CSI 300 Materials Index 30.53-4.22-1.14 41.72-28.10 7.09-37.11-1.92 119.88-71.00 MG China Technology Index -10.81-18.77 122.58 24.68 60.38 0.75-33.93 44.40 120.79-53.76 CSI 300 Information Technology Index 23.49-19.95 48.69 4.19 40.57-2.45-38.93 19.04 75.23-64.59 CSI New Economy Index Total Return 7.34-13.28 72.96 19.81 33.16 6.45-26.36 31.89 133.33-50.56 CSI All Share Index Total Return 3.68-13.31 33.78 48.41 7.10 6.24-27.32-2.99 108.10-64.33 Other Index(es) MG China New Elite 30 Index 32.74-4.82 42.41 25.86 29.48 13.36-18.71 40.80 130.05-46.02 CSI 300 Index 24.25-9.26 7.22 55.85-5.33 9.80-24.05-11.58 98.58-65.61 MG China A Shares + HK Connect Index 47.7-7.3 25.6 12.4 20.6 17.5-19.1 20.9 134.0-54.5 Hang Seng Index 40.13 4.26-3.86 5.47 6.51 27.72-17.31 8.30 56.57-46.07 Overseas Index MG China Overseas 100 50.92-5.76 2.47-3.42 32.18 22.34-32.32 15.10 107.84-53.96 Hang Seng Index 40.13 4.26-3.86 5.47 6.51 27.72-17.31 8.30 56.57-46.07 Frequency: Monthly *All figures are total returns, except for Exchange Indexes, which are price-only returns. *All returns are in RMB, except for MG China Overseas Index, MG China A Shares + HK Connect Index and Hang Seng Index, which are in USD..com 2018. All Rights Reserved. 156 Almeria Avenue, 201 Coral Gables, FL 33134 (888) 529 1767 indexes@marketgrader.com

Indexes Report Card China Indexes - Annualized and Cumulative Returns Annualized Cumulative Ann. Std. Dev. Return / SD Upside Downside Ratio Ann. Avg. Excess Ann. Tracking Error Core Indexes CSI China 200 Index Total Return 9.34 144.22 31.15 0.30 102.49 88.43 1.16 10.41 16.03 0.65 CSI 300 Index Total Return -1.07-10.18 29.82-0.04 - - - - MG China A-Share 100 9.92 157.57 30.53 0.33 103.02 88.51 1.16 10.99 15.23 0.72 CSI 300 Index Total Return -1.07-10.18 29.82-0.04 - - - - Exchange Indexes MG Shanghai 80 Index 7.14 99.35 30.72 0.23 117.99 99.75 1.18 11.68 12.58 0.93 Shanghai Composite -4.54-37.14 27.56-0.16 - - - - MG Shenzhen 80 Index 9.52 148.31 31.30 0.30 101.26 93.34 1.08 6.82 6.45 1.06 Shenzhen Composite 2.71 30.60 32.16 0.08 - - - - Size Indexes MG China A-Share Large 80 Cap 7.38 103.79 30.11 0.25 100.68 89.44 1.13 8.45 13.07 0.65 CSI 300 Index Total Return -1.07-10.18 29.82-0.04 - - - - MG China A-Share Small Cap 120 Index 12.49 224.31 34.60 0.36 107.42 96.91 1.11 9.77 9.09 1.07 CSI 500 Index Total Return 2.71 30.70 32.91 0.08 - - - - Sector Indexes MG China Consumer Discretionary Index 8.33 122.64 29.45 0.28 94.57 88.83 1.06 4.61 11.15 0.41 CSI 300 Consumer Discretionary Index 3.73 44.19 29.59 0.13 - - - - MG China Consumer Staples Index 11.00 183.91 29.21 0.38 99.24 97.20 1.02 2.12 15.29 0.14 CSI 300 Consumer Staples Index 8.88 134.13 26.29 0.34 - - - - MG China Energy Index 2.46 27.55 38.98 0.06 113.86 97.88 1.16 11.87 16.04 0.74 CSI 300 Energy Index -9.41-62.76 33.58-0.28 - - - - MG China Financials Index 3.10 35.72 35.75 0.09 97.82 95.18 1.03 2.67 18.06 0.15 CSI 300 Financials Index 0.43 4.42 33.64 0.01 - - - - MG China Health Care Index 14.85 299.26 30.32 0.49 103.19 94.57 1.09 6.57 11.41 0.58 CSI 300 Health Care Index 8.28 121.46 26.12 0.32 - - - - MG China Industrials Index 9.16 140.23 32.80 0.28 97.19 80.94 1.20 14.10 19.84 0.71 CSI 300 Industrials Index -4.94-39.77 34.06-0.15 - - - - MG China Materials Index 6.18 82.19 34.94 0.18 97.56 84.21 1.16 12.32 17.77 0.69 CSI 300 Materials Index -6.14-46.94 35.14-0.17 - - - - MG China Technology Index 12.21 216.49 36.03 0.34 104.34 90.71 1.15 12.75 13.33 0.96 CSI 300 Information Technology Index -0.54-5.28 33.28-0.02 - - - - CSI New Economy Index Total Return 11.84 206.30 29.93 0.40 100.68 86.35 1.17 11.23 13.40 0.84 CSI All Share Index Total Return 0.61 6.27 30.28 0.02 - - - - Other Index(es) MG China New Elite 30 Index 16.80 372.44 25.62 0.66 93.51 70.95 1.32 17.87 16.46 1.09 CSI 300 Index -1.07-10.18 29.82-0.04 - - - - MG China A Shares + HK Connect Index 11.06 185.54 26.25 0.42 78.82 67.42 1.17 6.76 15.59 0.43 Hang Seng Index 4.30 52.37 21.63 0.20 - - - - Overseas Index MG China Overseas 100 5.43 69.66 28.09 0.19 101.63 99.85 1.02 1.13 12.14 0.09 Hang Seng Index 4.30 52.37 21.63 0.20 - - - - *All calculations are using monthly frequency except capture ratios which are using weekly frequency. *All figures are total returns, except for Exchange Indexes, which are price-only returns. *All returns are in RMB%, except for MG China Overseas Index, MG China A Shares + HK Connect Portfolio Index and Hang Seng Index, which are in USD. Info. Ratio.com 2018. All Rights Reserved. 156 Almeria Avenue, 201 Coral Gables, FL 33134 (888) 529 1767 indexes@marketgrader.com

NOTE: This report card has been prepared solely for informational purposes. The information contained herein is only as current as the date indicated and has been developed internally and/or obtained from sources believed to be reliable. However, does not guarantee the accuracy, adequacy or completeness of such information. This report card should not be viewed as a current or past recommendation or a solicitation of an offer to buy or sell any securities or to adopt any investment strategy. Any unauthorized use, distribution or copying of the content of this report card without s consent is strictly forbidden. All single-country returns are calculated in local currency. All returns for multi-country indexes are calculated and reported in USD. Source for international indexes: FactSet.,.com and the Logo are registered trademarks of.com Corp. Standard & Poor s, S&P, and S&P 500 are registered trademarks of Standard & Poor s Financial Services LLC. STOXX is a registered trademark of STOXX Limited. FTSE ; is a trademark of London Stock Exchange Group companies and is used by FTSE under licence. MSCI brands and product names are the trademarks, service marks, or registered trademarks of MSCI or its subsidiaries in the United States and other jurisdictions. TOPIX is a registered trademark of the Tokyo Stock Exchange, Inc. (TSE). Russell is a registered trademark of Russell Investments. BOVESPA is a trademark of BOLSA DE VALORES DE SAO PAULO. CSI is a registered trademark of China Securities Index Co. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The Barron s 400 Index was first calculated on June 25, 2007, at the market close. All information presented prior to this date is back-tested. Back-tested performance is not actual performance, but is hypothetical. The back-test calculations are based on the same methodology that was in effect when the index was officially launched. The Barron s 400 IndexSM is calculated by NYSE Euronext or its affiliates and published by. Barron s, Barron s 400SM and Barron s 400 IndexSM are trademarks or service marks of Dow Jones & Company, Inc. or its affiliates and have been licensed to Market- Grader. is neither an investment advisory service nor an investment advisor. No data, information or analyses provided, or made available, by is a suggestion that any particular investment is suitable for you. All investors, should always check with a licensed financial advisor (and tax advisor), to determine the suitability of any investment. recommends to anyone trading securities to do so with caution and that, prior to the execution of a security trade based upon information from, the Web Site and Content, or any other Provider, they should consult with their broker or other financial representative. nor its affiliates or Providers of MG Content is, or shall be, responsible for any investment made by investors regardless of whether they used, or relied on, any information from the Web Site and Content..com 2018. All Rights Reserved. 156 Almeria Avenue, 201 Coral Gables, FL 33134 (888) 529 1767 indexes@marketgrader.com