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US Market Fair Value

Market valuation is derived from the median price/fair value of constituent companies, as evaluated by Morningstar analysts.

Most Undervalued Healthcare Stocks

Screen With Investor

Name	Evaluated Price	Fair Value / Uncertainty	Price/Fair Value	Morningstar Rating for Stocks
Ionis Pharmaceuticals Inc IONS	$44.00	$84.00 High	0.52
Koninklijke Philips NV ADR PHG	$24.15	$41.00 High	0.59
Fresenius Medical Care AG ADR FMS	$22.42	$38.00 High	0.59
LOCK\|MBJZ J^@&dn?xSRvH! trk GDG	$24.36	$40.00 High	0.61
LOCK\|MYWZ?d <?P?@&@q%bMHlZ $gS!%L DRFX	$56.22	$90.00 High	0.62
LOCK\|F%$!w MbZ% VFJX	$134.73	$215.00 High	0.63

Most Overvalued Healthcare Stocks

Screen With Investor

Name	Evaluated Price	Fair Value / Uncertainty	Price/Fair Value	Morningstar Rating for Stocks
Charles River Laboratories International Inc CRL	$304.96	$145.00 High	2.10
Illumina Inc ILMN	$273.54	$165.00 High	1.66
Medpace Holdings Inc MEDP	$603.21	$370.00 Medium	1.63
LOCK\|$L$Y% !j&hFch% z@^Zx LHQW	$20.78	$13.50 High	1.54
LOCK\|b^^>& & MT^#^^k? ZKCC	$254.78	$190.00 Low	1.34
LOCK\|?GfQ <<l WYQTQ	$266.69	$200.00 High	1.33

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