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Latam

North

America

International

Investor

Highlights

• The value of

institutional holdings of

DRs was

$850.0 billion

as disclosed in

June 2017

• In terms of investor

type, Mutual funds

accounted for roughly

81%

of the

DR value held

• In terms of investment

style, growth, value and

index funds accounted

for roughly

72%

of the

DR value held

Institutional DR

$850.0B

Total Value of DRs Held

DR VALUE HELD

$607.1B

71% of Total

DR VALUE HELD

$4.2B

< 1% of Total

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