acquisition of UTT by PHP Fibers brings together two pioneers in the airbag market who have worked together closely and trustingly for more than two decades. This acquisition will provide an opportunity for IVL

revenue by continuously setting pop-up stores at several locations. Most recently, the company has set up pop-up stores at several MRT stations and received delightful feedback from customers. The MRT

Alpha, Beta, and Now…Gamma David Blanchett, CFA, CFP® Head of Retirement Research Morningstar Investment Management Paul Kaplan, Ph.D., CFA Director of Research Morningstar Canada August 28, 2013 Morningstar Investment Management Page 2 of 27©2013 Morningstar. All rights reserved. This document includes proprietary material of Morningstar. Reproduction, transcription or other use, by any means, in whole or in part, without the prior written consent of Morningstar is prohibited. The Morningstar I...