Citi DR Mid-Year 2018 Report

LATAM NORTH AMERICA International Investor Highlights • The value of institutional holdings of DRs was $1,135.4 billion as disclosed in June 2018 • In terms of investor type, Mutual funds accounted for roughly 76% 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 $1,135.4bn Total Value of DRs Held DR VALUE HELD $793.3bn 70% of Total DR VALUE HELD $6.7bn 1% of Total 26