What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2025-02-28 compared with 2024-02-28 · 1 added, 1 removed, 20 unchanged (9% of the section changed)

Quantitative and Qualitative Disclosures About Market Risk.

Substantially all of our revenues are derived from investment management, distribution and service, and administration and shareholder service fees, which are based on the market value of assets under management.

Substantially all of our revenues are derived from investment management, distribution and service, and administration and shareholder service fees, which are all based on the market value of assets under management.

Accordingly, a decline in the market value of assets under management would cause our revenues and income to decline.

18 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.