.6 +4.8 +3.4 4.02 7.0 5.7 2.2 +4.8 +3.5 4.04 5.3 3.9 2.1 +3.2 +1.8 5.9 (7/98) 4.6 3.0 +2.9 +1.6 Global Dividend Growth Portfolio— MSCI World Index — Net Dividends& Outperformance (+) / Underperformance (-) Tracking Error" 567.1 -Gross -Net -Gross -Piet -5.3 -5.9 -6.0 +0.7 +0.1 -3.9

view of country, regional and global CROCI indices Large-cap selection pools excluding financials1 (S&P 500 Index, EuroSTOXX Large Index, TOPIX 100, MSCI World Index) Rank stocks by trailing 12-month economic PIE Select fixed number of highest-ranked stocks CROCI Index equal-weighted, long-only, rebalanced mon

view of country, regional and global CROCI indices Large-cap selection pools excluding financials1 (S&P 500 Index, EuroSTOXX Large Index, TOPIX 100, MSCI World Index) Rank stocks by trailing 12-month economic PIE Select fixed number of highest-ranked stocks CROCI Index equal-weighted, long-only, rebalanced mon

view of country, regional and global CROCI indices Large-cap selection pools excluding financials1 (S&P 500 Index, EuroSTOXX Large Index, TOPIX 100, MSCI World Index) Rank stocks by trailing 12-month economic PIE Select fixed number of highest-ranked stocks CROCI Index equal-weighted, long-only, rebalanced mon