Wide Moat Focus Data as of 12/31/2012 The Morningstar Wide Moat Focus Index consists of the 20 securities in the Morningstar US Market Index with the highest ratios of fair value, as determined by Morningstar, to their stock price, and which have a sustainable competitive advantage (i.e. wide moat). Securities in the Wide Moat Focus index are assigned equal weights.  Portfolio Statistics Valuation Ratios Price/Earning 15.30 Price/Book 2.01 Price/Cash Flow 9.46 Price/Sales 1.70 Dividend Yield 2.23 Growth Rates % Earnings (Historical) 5.03 Book Value 7.65 Sales 7.99 Market Cap $ Mil Median 13,701 Max 223,667 Min 2,129  Portfolio Holdings Holdings Summary Total Number of Holdings 20 % Weight in Top 10 Holdings 51.01 Top 10 Holdings % St. Joe Corporation 5.22 Northern Trust Corporation 5.16 John Wiley & Sons, Inc. Class A 5.16 Oracle Corporation 5.16 National Oilwell Varco, Inc. 5.10 Bank of New York Mellon Corp 5.08 Expeditors International of Washington, Inc. 5.08 Applied Materials, Inc. 5.04 Western Union Company 5.02 St Jude Medical, Inc. 5.00  View complete index holdings  Total Returns Trailing % 1 Month 2.02 3 Month 3.76 YTD 24.50 1 Year 24.50 3 Year Annualized 12.95 5 Year Annualized 11.23 10 Year Annualized 13.68 Annual % 2012 24.50 2011 6.61 2010 8.57 2009 46.93 2008 -19.58  Sector Weightings Sector % Cyclical 50.24 Basic Materials 14.73 Consumer Cyclical 10.12 Financial Services 20.17 Real Estate 5.22 Defensive 14.78 Consumer Defensive Healthcare 9.88 Utilities 4.90 Sensitive 34.98 Communication Services Energy 5.10 Industrials 5.08 Technology 24.81 The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Morningstar is a registered trademark of Morningstar, Inc.