Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
FY2020 3rd Qtr Financial Summary
'DWH$SULO 7R&LW\0DQDJHU&LW\&RXQFLO )URP -DFNO\Q)OHDJOH%XGJHW &RPSOLDQFH2IILFHU 5H4XDUWHUO\)LQDQFLDO6XPPDU\IRU3HULRG (QGLQJ0DUFK ,QWURGXFWLRQ $WWDFKHGWRWKLVPHPRUDQGXPDUH WKH&LW\¶VTXDUWHUO\ILQDQFLDOUHSRUWVDVRI0DUFK 7KH TXDUWHUO\ ILQDQFLDOUHSRUW LQFOXGHV FRPELQHGVXPPDULHV RI DOO IXQG EDODQFHV UHYHQXHVDQG H[SHQGLWXUHV IRU)LVFDO<HDUWKURXJKWKHHQGRIWKHWKLUG TXDUWHUZKLFKLVRIWKHZD\ WKURXJKWKHILVFDO\HDU7KH0DUFKTXDUWHUO\UHSRUWDOVRLQFRUSRUDWHVWKHEXGJHWDPHQGPHQWV WKDWZHUHDSSURYHGGXULQJWKH)LVFDO<HDUEXGJHWSURFHVV7KH&29,'SDQGHPLFGLG QRWEHJLQWRLPSDFWWKH&LW\¶VILQDQFHVXQWLOWKHODVWWZRZHHNVRI0DUFKDQGWKHUHIRUHGLGQRW KDYHDPDMRULPSDFWRQWKHTXDUWHU¶VILQDQFLDOVXPPDU\,WLVDQWLFLSDWHGWKDWWKLVZLOOKDYHDPDMRU LPSDFWRQYDULRXVIXQGVDQGRSHUDWLRQVLQWKHQH[WTXDUWHU6RPHRIWKH KLJKOLJKWV RIWKH&LW\¶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¶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¶VUHYHQXHV KRZHYHUYDULHV E\IXQGDQGWKHUHZLOOEH DODUJHULPSDFWLQWKHQH[WTXDUWHU ([SHQGLWXUH$QDO\VLV 7KLV H[SHQGLWXUH DQDO\VLV SHUWDLQV WR WKH H[SHQGLWXUH UHSRUWV ([SHQGLWXUHV E\ )XQG DQG ([SHQGLWXUHVE\)XQGE\'HSDUWPHQW RQSDJHV7KHDQDO\VLVRIWKH&LW\¶VH[SHQGLWXUHVIRU )LVFDO<HDUWKURXJK0DUFK LVVLPLODUWRWKHDQDO\VLVIRUWKH&LW\¶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¶VRYHUDOO H[SHQGLWXUHV WKURXJK0DUFK7KH&LW\¶VH[SHQGLWXUHV WKURXJKWKHWKLUG TXDUWHUKDYHDIHZ PDMRUDQRPDOLHVKRZHYHUWKHVHFDQEHUHDGLO\H[SODLQHG &RQFOXVLRQ *HQHUDOO\WKHUHDUHQRPDMRUFRQFHUQVWRUHSRUWZLWKWKH&LW\¶VIXQGEDODQFHV DWWKHHQGRI0DUFK 2SHUDWLRQVGLGQRWVHHPXFKFKDQJHXQWLOWKHODVWWZRZHHNVRI0DUFKDQGWKHUHIRUHGLGQRWKDYH DPDMRULPSDFWRQWKHTXDUWHU¶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