DR Year End Report

DR ACCESS PRODUCTS ABOUT CITI DEPOSITARY RECEIPT SERVICES INTERNATIONAL INVESTING TRENDS REGIONAL TRENDS GLOBAL DR TRENDS Holder Name Investment Style Investor Type Value of DRs Held (USD Billions) Capital Group Companies Multiple Mutual Fund $50.3 BlackRock Multiple Mutual Fund $43.5 Fidelity Multiple Mutual Fund $28.7 Fisher Investments GARP Mutual Fund $28.7 T. Rowe Price Associates, Inc. Growth Mutual Fund $26.7 The Vanguard Group, Inc. Multiple Mutual Fund $24.3 Baillie Gifford & Company Growth Mutual Fund $19.9 UBS Multiple Mutual Fund $17.7 Invesco Advisers, Inc. Growth Mutual Fund $16.5 State Street Global Advisors (SSgA) Multiple Mutual Fund $16.4 By Top Ten DR Holders 1,2 Source: IPREO. Citi Depositary Receipt Services Year-End 2019 Report 39