Ownership Summary

Shareholders

Shareholder Holders Value ($MM) % O/S Shares
Institution 1,385 36,508.63 70.16 451,491,347
Mutual Fund 1,219 19,966.90 38.90 250,346,880
Insider 18 141.78 0.29 1,849,664

Rotation

Shareholder Holders Value Chg ($MM) % O/S Share Change
Buyers 686 2,233.12 4.37 28,107,239
Sellers 548 -1,006.45 1.94 -12,492,584
Net -- 1,226.67 2.43 15,614,655

Concentration

Value ($MM) % O/S Shares
Total Inst. 36,508.63 70.16 451,491,347
Top 10 Inst. 18,825.99 36.17 232,760,991
Top 20 Inst. 23,326.70 44.83 288,521,621
Top 50 Inst. 28,833.16 55.39 356,452,312

Style

Holders Value ($MM) % Inst Shares Shares
Growth 353 5,432.40 10.42 67,083,170
Aggressive Growth 8 12.17 0.02 150,363
Core Growth 265 4,831.70 9.27 59,650,693
Growth 80 588.53 1.13 7,282,114
Income 93 2,490.48 4.78 30,729,449
Income Value 38 2,009.73 3.85 24,794,726
Yield 55 480.75 0.92 5,934,723
Index 61 12,350.06 23.68 152,390,840
Other 272 6,255.30 11.99 77,182,081
Broker Dealer 33 2,102.21 4.03 25,933,951
GARP 169 2,453.35 4.70 30,277,425
Hedge Fund 50 540.65 1.04 6,670,161
Sector Specific 3 115.46 0.22 1,424,323
Specialty 16 1,043.63 2.00 12,876,216
VC/Private Equi 1 -- -- 5
Value 210 7,608.15 14.63 94,141,130
Core Value 172 7,273.33 13.99 90,002,591
Deep Value 38 334.82 0.64 4,138,539

Location: Global Region

Holders % O/S Shares Share Change
North America 1,139 61.05 392,866,881 15,784,914
Europe 157 6.33 40,731,045 482,000
Asia 58 2.40 15,419,879 1,206,928
Africa 4 0.01 49,315 11,931
South/Central America 3 -- 7,892 3,960

Top Holders

Holder Shares Held % O/S Share Change Filing Date
The Vanguard Group, Inc. 47,162,779 7.33 725,256 12/31/17
BlackRock Institutional Trust Company, N.A. 34,238,139 5.32 1,706,158 12/31/17
State Street Global Advisors (US) 30,797,766 4.79 83,552 12/31/17
Wellington Management Company, LLP 26,596,278 4.13 -521,848 12/31/17
Capital Research Global Investors 25,332,382 3.94 -645,192 12/31/17
Franklin Advisers, Inc. 19,292,835 3.00 -1,116,394 12/31/17
Capital World Investors 17,627,907 2.74 200,899 12/31/17
Managed Account Advisors LLC 12,445,658 1.93 -2,279,306 12/31/17
Capital Research & Management Company (Fixed Income) 10,075,308 1.57 10,075,308 9/30/17
Bank of America Merrill Lynch (US) 9,191,939 1.43 35,639 12/31/17

Top Holders: Mutual Funds

Fund Shares Held % O/S Share Change Filing Date
Vanguard Total Stock Market Index Fund 15,517,935 2.41 272,410 12/31/17
Franklin Income Fund - US 13,068,500 2.03 -500,000 12/31/17
Vanguard 500 Index Fund 10,993,182 1.71 605,077 12/31/17
Vanguard Wellington Fund 10,099,850 1.57 -809,180 9/30/17
American Funds Capital Income Builder 9,331,308 1.45 -744,000 12/31/17
American Funds Washington Mutual Investors Fund 8,501,000 1.32 300,000 12/31/17
American Funds Investment Company of America 7,723,824 1.20 -- 12/31/17
SPDR S&P 500 ETF 7,613,620 1.18 374,300 12/31/17
American Funds Income Fund of America 7,590,000 1.18 -- 12/31/17
Utilities Select Sector SPDR Fund 7,013,829 1.09 -410,040 12/31/17

* Insider values reflect direct beneficial ownership.

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