The decrease in distribution and service fees during the quarter was due to reduced fees paid to intermediaries As investors shifted into lower fee-paying share classes, G&A expenses were higher during the quarter, primarily related to travel and other business development-related activities, as well as increased talent acquisition costs.

Jan 23, 2026 / receipt, needs a key / Mike Donahue, CFO | earnings call 2026-01-23 | transcript 0b19510f-4b09-4c21-84ce-7ca8db72e58b | chars 4614-4954 | segment 4

We remain focused on expense management and will be disciplined, but balanced as we see investment opportunities in our business.

Oct 17, 2025 / receipt, needs a key / Raja Dhikori, CFO | earnings call 2025-10-17 | transcript 9646b4c1-3246-4c49-b08a-93a214683c35 | chars 5352-5481 | segment 5

G&A was lower across areas including talent acquisition and travel costs.

Oct 17, 2025 / receipt, needs a key / Raja Dhikori, CFO | earnings call 2025-10-17 | transcript 9646b4c1-3246-4c49-b08a-93a214683c35 | chars 4091-4164 | segment 4

The change in G&A is primarily driven by talent acquisition costs during 2025, as well as travel and other business development activities.

Jul 18, 2025 / receipt, needs a key / Raja Dhikori, CFO | earnings call 2025-07-18 | transcript bee56a87-463a-499f-82e9-3c5e05000029 | chars 5099-5238 | segment 5

We remain focused on expense management and will be disciplined while continuing to make selective investments in our business.

Jul 18, 2025 / receipt, needs a key / Raja Dhikori, CFO | earnings call 2025-07-18 | transcript bee56a87-463a-499f-82e9-3c5e05000029 | chars 5525-5652 | segment 5

G&A was impacted by travel and other business development activities, including, for example, the launch of our active ETFs. This activity is consistent with our focus on sales and distribution.

Jul 18, 2025 / receipt, needs a key / Raja Dhikori, CFO | earnings call 2025-07-18 | transcript bee56a87-463a-499f-82e9-3c5e05000029 | chars 4032-4226 | segment 4

In addition, we did experience higher G&A expenses during the quarter, primarily related to travel and other business development activities.

Jan 23, 2025 / receipt, needs a key / Raja Dhikori, CFO | earnings call 2025-01-23 | transcript b7f0a5c2-1b22-450e-9d3f-5d6bacf07b94 | chars 4511-4652 | segment 4

We expect G&A to increase 5 to 7% from the 55 million recorded in 2023. Part of the projected increase stems from the previously mentioned third quarter adjustment to reduce the estimated accrual for the costs associated with the implementation of our trade order management system. Excluding that adjustment, we would expect G&A to increase 3 to 5%. The majority of the increase is due to costs associated with the relocation of our London and Tokyo offices, as well as higher technology costs and client-related travel and entertainment expenses.

Jan 25, 2024 / receipt, needs a key / Matt Stadler, CFO | earnings call 2024-01-25 | transcript 1d473ad5-5103-4d8a-9b2d-39e42120bece | chars 6955-7503 | segment 7

The decrease in G&A was primarily due to lower than projected costs associated with the now completed implementation of our new trading and order management system, as well as lower recruitment costs, partially offset by increases in business-related travel and entertainment and hosted conferences.

Oct 19, 2023 / receipt, needs a key / Matt Stadler, CFO | earnings call 2023-10-19 | transcript 72311f68-dfc7-4278-9257-0c0e06e331e5 | chars 4423-4722 | segment 4

I would say that The only variable in there that might be a little higher would be, as John and Joe have pointed out, client activity will start to increase. We might have more business-related travel and entertainment and conferences, which are important to do. But all the other things, inter-office travel and things that are not client-facing are the things that we're really paying a lot of attention to.

Oct 19, 2023 / receipt, needs a key / John Shea, other | earnings call 2023-10-19 | transcript 72311f68-dfc7-4278-9257-0c0e06e331e5 | chars 35523-35932 | segment 36

The decrease in G&A was primarily due to lower non-client related travel and entertainment and a decrease in recruitment fees.

Jul 20, 2023 / receipt, needs a key / Matt Stadler, CFO | earnings call 2023-07-20 | transcript 96dfe0ca-c616-4a7d-a487-4683735b8820 | chars 3997-4123 | segment 4

And we expect that sponsored conferences and travel and entertainment costs will increase in 2023 as business travel resumes to more normal levels.

Jan 26, 2023 / receipt, needs a key / Matt Stadler, CFO | earnings call 2023-01-26 | transcript 2e3e42e1-9710-42e5-8e45-31f789629c62 | chars 7530-7677 | segment 7

investment company that holds an annual meeting of stockholders, the Funds’ proxy statements have been combined into this Combined Proxy Statement to reduce expenses to the Funds of soliciting proxies for the Meeting.

filing / Mar 4, 2026 / receipt

investment company that holds an annual meeting of stockholders, the Funds’ proxy statements have been combined into this Combined Proxy Statement to reduce expenses to the Funds of soliciting proxies for the Meeting.

filing / Mar 4, 2026 / receipt

investment company that holds an annual meeting of stockholders, the Funds’ proxy statements have been combined into this Combined Proxy Statement to reduce expenses to the Funds of soliciting proxies for the Meeting.

filing / Mar 4, 2026 / receipt

investment company that holds an annual meeting of stockholders, the Funds’ proxy statements have been combined into this Combined Proxy Statement to reduce expenses to the Funds of soliciting proxies for the Meeting.

filing / Mar 4, 2026 / receipt

investment company that holds an annual meeting of stockholders, the Funds’ proxy statements have been combined into this Combined Proxy Statement to reduce expenses to the Funds of soliciting proxies for the Meeting.

filing / Mar 4, 2026 / receipt

investment company that holds an annual meeting of stockholders, the Funds’ proxy statements have been combined into this Combined Proxy Statement to reduce expenses to the Funds of soliciting proxies for the Meeting.

filing / Mar 4, 2026 / receipt

investment company that holds an annual meeting of stockholders, the Funds’ proxy statements have been combined into this Combined Proxy Statement to reduce expenses to the Funds of soliciting proxies for the Meeting.

filing / Mar 4, 2026 / receipt

investment company that holds an annual meeting of stockholders, the Funds’ proxy statements have been combined into this Combined Proxy Statement to reduce expenses to the Funds of soliciting proxies for the Meeting.

filing / Mar 4, 2026 / receipt

investment company that holds an annual meeting of stockholders, the Funds’ proxy statements have been combined into this Combined Proxy Statement to reduce expenses to the Funds of soliciting proxies for the Meeting.

filing / Mar 4, 2026 / receipt

Associate Director, FP&A and Strategic Finance - Private Real Estate | {"ats": "greenhouse", "city": "New York", "state": "NY", "job_id": "7997018003", "remote": false, "category": "finance_ops", "fun

company_statement / Sep 16, 2026 / receipt

Senior Associate, Research Associate, Multi-Assets | {"ats": "greenhouse", "city": "New York", "state": "NY", "job_id": "7990369003", "remote": false, "category": "other", "function": "retail", "locat

company_statement / Sep 9, 2026 / receipt

Associate, Regulatory Compliance | {"ats": "greenhouse", "city": "New York", "state": "NY", "job_id": "7985473003", "remote": false, "category": "other", "function": "legal", "location": "New York, NY

company_statement / Sep 3, 2026 / receipt