Ownership Summary

Shareholders

Shareholder Holders Value ($MM) % O/S Shares
Institution 1,383 35,644.62 65.68 441,652,472
Mutual Fund 1,209 18,869.79 37.80 254,179,106
Insider 19 142.04 0.28 1,853,095

Rotation

Shareholder Holders Value Chg ($MM) % O/S Share Change
Buyers 688 1,486.05 2.76 18,585,490
Sellers 501 -966.67 1.78 -11,996,777
Net -- 519.37 0.98 6,588,713

Concentration

Value ($MM) % O/S Shares
Total Inst. 35,644.62 65.68 441,652,472
Top 10 Inst. 18,669.11 34.25 230,312,270
Top 20 Inst. 22,855.41 41.93 281,956,674
Top 50 Inst. 28,137.84 51.65 347,330,160

Style

Holders Value ($MM) % Inst Shares Shares
Growth 354 5,424.41 10.00 67,238,851
Aggressive Growth 9 12.40 0.02 153,363
Core Growth 265 4,823.78 8.89 59,775,992
Growth 80 588.23 1.09 7,309,496
Income 94 2,454.78 4.55 30,582,177
Income Value 38 1,988.56 3.66 24,599,525
Yield 56 466.22 0.89 5,982,652
Index 61 12,281.23 22.56 151,674,738
Other 277 6,293.41 11.61 78,098,197
Broker Dealer 33 2,104.76 3.86 25,984,828
GARP 168 2,476.36 4.61 30,984,843
Hedge Fund 56 553.20 1.02 6,827,936
Sector Specific 3 115.46 0.21 1,424,323
Specialty 16 1,043.64 1.91 12,876,262
VC/Private Equi 1 -- -- 5
Value 204 8,088.27 14.85 99,879,759
Core Value 168 7,767.65 14.26 95,910,276
Deep Value 36 320.62 0.59 3,969,483

Location: Global Region

Holders % O/S Shares Share Change
North America 1,141 57.11 384,073,736 6,852,453
Europe 154 5.89 39,624,948 -3,592
Asia 57 2.30 15,456,131 963,593
Africa 4 0.01 49,315 11,513
South/Central America 3 -- 11,543 3,925

Top Holders

Holder Shares Held % O/S Share Change Filing Date
The Vanguard Group, Inc. 47,162,779 7.01 725,256 12/31/17
BlackRock Institutional Trust Company, N.A. 34,238,139 5.09 1,706,158 12/31/17
State Street Global Advisors (US) 30,797,766 4.58 83,552 12/31/17
Wellington Management Company, LLP 26,596,278 3.96 -521,848 12/31/17
Capital Research Global Investors 25,332,382 3.77 -645,192 12/31/17
Franklin Advisers, Inc. 19,292,835 2.87 -1,116,394 12/31/17
Capital World Investors 17,627,907 2.62 200,899 12/31/17
Managed Account Advisors LLC 12,445,658 1.85 -2,279,306 12/31/17
Bank of America Merrill Lynch (US) 9,191,939 1.37 35,639 12/31/17
Invesco Advisers, Inc. 7,626,587 1.13 5,816 12/31/17

Top Holders: Mutual Funds

Fund Shares Held % O/S Share Change Filing Date
Vanguard Total Stock Market Index Fund 15,729,579 2.34 211,644 2/28/18
Franklin Income Fund - US 13,068,500 1.94 -500,000 12/31/17
Vanguard 500 Index Fund 11,357,851 1.69 364,669 2/28/18
Vanguard Wellington Fund 10,099,850 1.50 -- 12/31/17
American Funds Capital Income Builder 9,331,308 1.39 -- 3/31/18
American Funds Washington Mutual Investors Fund 9,029,000 1.34 528,000 3/31/18
American Funds Investment Company of America 7,723,824 1.15 -- 3/31/18
American Funds Income Fund of America 7,590,000 1.13 -- 3/31/18
SPDR S&P 500 ETF 7,589,180 1.13 -24,440 2/28/18
Utilities Select Sector SPDR Fund 6,950,803 1.03 -63,026 2/28/18

* Insider values reflect direct beneficial ownership.

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