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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2023-06-23 compared with 2022-06-24 · 1 added, 2 removed, 9 unchanged (25% of the section changed)
4 unchanged sentences
Consequently, we seek to preserve our invested funds by attempting to limit default risk, market risk, and reinvestment risk.
−Removed: We attempt to mitigate
−Removed: default risk by investing in only high-quality credit securities that we believe to be low risk and by positioning our portfolio to respond appropriately to a significant reduction in a credit rating of any investment issuer or guarantor.
+Added: We attempt to mitigate default risk by investing in only high-quality credit securities that we believe to be low risk and by positioning our portfolio to respond appropriately to a significant reduction in a credit rating of any investment issuer or guarantor.
The portfolio includes only marketable securities with active secondary or resale markets to ensure portfolio liquidity.
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.