Morningstar

US Market Fair Value

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

Most Undervalued Large Cap Stocks

Screen With Investor

Name	Evaluated Price	Fair Value / Uncertainty	Price/Fair Value	Morningstar Rating for Stocks
Tencent Music Entertainment Group ADR TME	$7.93	$24.00 High	0.33
Yum China Holdings Inc YUMC	$40.62	$77.00 Medium	0.53
Alibaba Group Holding Ltd ADR BABA	$109.26	$207.00 High	0.53
LOCK\|$N& @F&z<TP FK> !!F#^@<Ld%tBL h&t cHd VTSVX	$4.24	$8.00 High	0.53
LOCK\|DDyXN @JYHF$X$ VJ# Pb$^J JHWCT	$54.50	$99.00 High	0.55
LOCK\|^z^w%$f %W BCDX	$51.47	$91.00 Low	0.57

Most Overvalued Large Cap Stocks

Screen With Investor

Name	Evaluated Price	Fair Value / Uncertainty	Price/Fair Value	Morningstar Rating for Stocks
Kinross Gold Corp KGC	$23.81	$9.30 High	2.56
Freeport-McMoRan Inc FCX	$72.56	$30.00 High	2.42
Agnico Eagle Mines Ltd AEM	$186.03	$87.00 High	2.14
LOCK\|yt FT!#%VM%B cP! H>K&z < (z%& !c?@qJ))) NMRWJ	$67.10	$36.00 High	1.86
LOCK\|S?f byZN@Hg> Bq% @cK CKRLVQ	$27.39	$15.50 High	1.77
LOCK\|??qJv QVL$M HBDT	$116.39	$67.00 High	1.74

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