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DR ACCESS PRODUCTS

ABOUT CITI DEPOSITARY

RECEIPT SERVICES

INTERNATIONAL

INVESTING TRENDS

GLOBAL DR TRENDS

Holder Name

Investment

Style

Investor Type

Value of DRs

Held

(USD Billions)

Capital World

Investors (U.S.)

Value

Mutual Fund

$21.8

Fidelity Management

& Research Company

Growth

Mutual Fund

$20.1

Baillie Gifford

& Company, LTD

Growth

Mutual Fund

$17.8

BlackRock Fund

Advisors

Index

Mutual Fund

$17.7

Dodge & Cox

Value

Mutual Fund

$16.3

T. Rowe Price

Associates, Inc.

Growth

Mutual Fund

$15.8

Fisher Investments

GARP

Mutual Fund

$14.9

Wellington Management

Company, LLP

Value

Mutual Fund

$14.0

Capital Research

Global Investors (U.S.)

GARP

Mutual Fund

$13.0

The Vanguard

Group, Inc.

Index

Mutual Fund

$12.2

Top Institutional Holders of DRs by Holder

1,2

Citi Depositary Receipt Services Mid-Year 2017 Report

29