Year-End 2018 Report

LATAM North America International Investor Highlights • The value of institutional holdings of DRs was $1.1 trillion as disclosed in September 2018 • In terms of investor type, Investment Managers (Mutual Funds) and Hedge Funds accounted for roughly 83% of the DR value held • In terms of investment style, growth, value and GARP funds accounted for roughly 69% of the DR value held Institutional DR $1,071.3B Total Value of DRs Held DR VALUE HELD $762.3B 71% of Total DR VALUE HELD $5.9B 1% of Total 36