Matthew Donen

Morningstar, Inc. (Research) is the investment research arm of Morningstar, Inc. (NASDAQ: MORN), an American financial services firm headquartered in Chicago, Illinois. The firm was founded by Joseph Mansueto in 1984 and provides independent portfolio information offering star ratings and analysis of managed funds. They also provide economic commentary and asset allocation information based on qualitative research.

Goldman Sachs Advisors BV (GSBV) is the wholly owned, Netherlands-based investment management subsidiary of Goldman Sachs Asset Management International Holdings BV, ultimately held by The Goldman Sachs Group, Inc. (NYSE: GS) (Goldman Sachs) in the US. Founded in 1994 as ING Investment Management Advisors BV, the firm became NNIP Advisors BV in 2015 following the IPO of NN Group. They changed their name to Goldman Sachs Advisors BV in 2023 after the acquisition of Goldman Sachs to NN Group in 2022. Headquartered in The Hague, GSBV manages a range of assets for institutional and individual clients.

Morningstar Australasia Pty Ltd. is the Australian investment research subsidiary of Morningstar Direct Investments Pty Ltd., ultimately held by Morningstar, Inc. (NASDAQ: MORN) in the US. Headquartered in Barangaroo, the firm was founded in 1999 as Huntley’s Investment Information Pty Ltd. They provide research on Australian stocks, managed funds, superannuation funds, credit securities, exchange-traded funds, and listed investment companies for individual investors, financial advisers, asset managers, and retirement plan providers and sponsors.

Hérens Quality Asset Management AG (HQAM) is the asset management subsidiary of CEAMS Holding AG in Switzerland. Formerly known as CE Asset Management AG, established in 1993, the firm is based in Pfaffikon and provides research, consulting and asset management solutions for private and institutional investors as well as corporate decision-makers. The firm's clients include private investors, Swiss family offices and pension funds, in addition to banks and insurance companies. They manage a range of Luxembourg- and Swiss-domiciled funds.

Denker Capital (Pty) Ltd. (Denker Capital) is an independent South African asset management firm which was established in 2015 when Sanlam Investments boutiques SIM Unconstrained Capital Partners and SIM Global merged. Denker Capital is based in Cape Town and specializes in local and offshore investments.

Part of Raymond James Financial, Inc., Raymond James Euro Equities SAS is a brokerage services provider. The company is based in Paris, France. The French company was founded in 2001 by Philippe Andrieu, David Kruk, Laurent Thomasset. The CEO is Thierry Guille.

Close Asset Management Ltd. (Close AM) is the asset management subsidiary of Close Asset Management Holdings Ltd., itself a subsidiary of Close Brothers Group plc (LSE: CBG, ADR: CBGPY) in Great Britain. The firm was founded in 1982 and does business as Close Brothers Asset Management. Headquartered in London, Close AM provides a bespoke investment management service to private clients, trusts and corporates.

Afrifocus Securities (Pty) Ltd. provides brokerage services. The private company is based in Sandton, South Africa. The South African company was founded in 2000 by Ashvin Govan Mancha. Ashvin Govan Mancha has been the CEO since 2000.

Aurel BGC SAS is the broker/dealer subsidiary of BGC France Holdings SAS. They are headquartered in Paris and were founded in 2008. Aurel BGC provides investment services and research.

Kepler Cheuvreux SA (Switzerland) (Kepler Cheuvreux Switzerland) is the Swiss broker/dealer division of Kepler Cheuvreux SA in France. The firm was founded in 1999 and is headquartered in Zurich. Kepler Cheuvreux Switzerland provides execution services platform that supports Equities, Fixed Income, Derivatives, ETFs, and Convertible Bonds.

Great American Insurance Co. provides insurance products and services. Its services include property, casualty tax-deferred annuities, life, health and auto insurance products. The firm also focuses on commercial products for businesses and in the sale of annuities, life and supplemental health insurance products. The company was founded in 1872 and is headquartered in Cincinnati, OH.

The Black & Decker Corp. manufactures power tools, electric lawn and garden tools, hardware and home improvement products. The firm has been setting the standard for innovation and design of power tools, accessories, outdoor yard care equipment, home cleaning products, automotive and lighting products, hardware and other home improvement products. The company was founded by S. Duncan Black and Alonzo G. Decker Sr. in 1910 and is headquartered in Towson, MD.

Morningstar Europe Ltd. is the Great Britain-based investment research subsidiary of Morningstar Holland BV, ultimately owned by Morningstar, Inc. (NASDAQ: MORN) in the US. Headquartered in London, the firm was founded in 2000 and provides investment research services to European retail and institutional investors. Morningstar Europe takes a rigorous bottom-up approach by evaluating the fundamental factors that drive the investments they cover. Their global coverage uses the same consistent research framework in every region where Morningstar analysts are evaluating investments.

Part of MF Global Holdings Ltd., MF Global UK Ltd. is a company that provides brokerage services. The company is based in London, UK.