10 unchanged sentences
Accordingly, a 100 basis point increase in interest rates or a 10% decline in the value of the United States equity markets would not be expected to have a material impact on the value of such money market funds.
−Removed: Declines in interest rates over time will, however, reduce our interest income.
+Added: However, declines in interest rates over time will reduce our interest income.
Investment Risk
8 unchanged sentences
Although we historically have not had material foreign operations, we are also exposed to market risks related to fluctuations in foreign currency exchange rates between the U.S.
−Removed: dollar, and the British Pound and Euro currency exchange rates, primarily related to foreign cash accounts.
+Added: dollar, and the British Pound, Canadian Dollar, Chinese Yuan and Euro currency exchange rates, primarily related to foreign cash accounts.
As of December 31, 2025, we did not have any foreign denominated equity securities.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.