SAN FRANCISCO--(BUSINESS WIRE)--Phone number should read: 800-227-0845 (instead of 415/986-4422).
The corrected release reads:
TEST – BUSINESS WIRE TEST RELEASE TEST1 © ® ™ É Ñ Ü Ç Î Ò ! @ #$%^&*()+=?/~`.,:;”’{[}]|\<,>.
TEST SUBHEAD: © ® ™ é ñ ü ç î ò ! @ #$%^&*()+=?/~`.,:;”’{[}]|\<,>.
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(1) This is Bullet 1
(2) This is Bullet 2
(3) This is Bullet 3
(4) This is Note 4
(5) This is Note 5
INSERT BORDERS IN EXCEL TABLES HERE
Right Cell Borders in Excel | ||
Test | 123,000 |
456,000 |
Test | 123,000 |
456,000 |
Test | 123,000 |
456,000 |
Test | 123,000 |
456,000 |
Left Cell Borders in Excel | ||
Test | 123,000 |
456,000 |
Test | 123,000 |
456,000 |
Test | 123,000 |
456,000 |
Test | 123,000 |
456,000 |
Top Borders in Excel | ||
Test | 123,000 |
456,000 |
Test | 123,000 |
456,000 |
Test | 123,000 |
456,000 |
Test | 123,000 |
456,000 |
Bottom Borders in Excel | ||
Test | 123,000 |
456,000 |
Test | 123,000 |
456,000 |
Test | 123,000 |
456,000 |
Test | 123,000 |
456,000 |
Outside Borders in Excel | ||
Test | 123,000 |
456,000 |
Test | 123,000 |
456,000 |
Test | 123,000 |
456,000 |
Test | 123,000 |
456,000 |
Inside Borders in Excel | ||
Test | 123,000 |
456,000 |
Test | 123,000 |
456,000 |
Test | 123,000 |
456,000 |
Test | 123,000 |
456,000 |
All Borders in Excel | ||
Test | 123,000 |
456,000 |
Test | 123,000 |
456,000 |
Test | 123,000 |
456,000 |
Test | 123,000 |
456,000 |
Recent Business Highlights:
-
Launch of ThisIsATest Materials Studio® X.0 modeling and simulation environment for chemists, polymer scientists and other materials scientists, with enhancements in quantum mechanics, classical simulation, usability, visualization and collaboration to enable scientists to engineer better performing and more cost-effective materials across a wide range of applications.
-
Acquisition of Ireland-based QWERTEST, a leading global provider of Cloud-based and on-premises enterprise compliance software for regulatory and quality operations in highly regulated industries, for $XX million in cash, extending ThisIsATest' informatics portfolio with mission-critical, end-to-end document and process management compliance solutions.
-
Received highest rating in XXXXXXX Inc.’s latest laboratory informatics system report, and was the only vendor to receive a "very high" rating in all five phases of new product development concept, research, development, tech transfer and manufacturing. ThisIsATest was among four ofXX ELN vendors to offer a Laboratory Information Management System (LIMS) solution.
- Introduction of ThisIsATest Insight offering life scientists an entirely new way to access, visualize and share disparate scientific information in real time.
-
Received highest rating in XXXXXXX Inc.’s latest laboratory informatics system report, and was the only vendor to receive a "very high" rating in all five phases of new product development concept, research, development, tech transfer and manufacturing. ThisIsATest was among four ofXX ELN vendors to offer a Laboratory Information Management System (LIMS) solution.
-
Acquisition of Ireland-based QWERTEST, a leading global provider of Cloud-based and on-premises enterprise compliance software for regulatory and quality operations in highly regulated industries, for $XX million in cash, extending ThisIsATest' informatics portfolio with mission-critical, end-to-end document and process management compliance solutions.
- Launch of ThisIsATest Predictive Sciences accelerating drug discovery research with software for investigating and testing hypotheses in silico prior to costly experimentation.
About Big Test
The Big Test Corporation (NYSE: TEST) is a leading provider of financial services.
THE BIG TEST CORPORATION Consolidated Statements of Income (In millions, except per share amounts) (Unaudited) |
||||||||
|
|
Three Months Ended
|
||||||
|
|
2XXX |
|
2XXX |
||||
Net Revenues |
|
|
|
|
||||
Interest revenue |
|
$ |
1,421 |
|
|
$ |
1,055 |
|
Interest expense |
|
(158 |
) |
|
(55 |
) |
||
Net interest revenue |
|
1,263 |
|
|
1,000 |
|
||
Asset management and administration fees |
|
851 |
|
|
823 |
|
||
Trading revenue |
|
201 |
|
|
192 |
|
||
Other |
|
83 |
|
|
66 |
|
||
Total net revenues |
|
2,398 |
|
|
2,081 |
|
||
Expenses Excluding Interest |
|
|
|
|
||||
Compensation and benefits |
|
770 |
|
|
701 |
|
||
Professional services |
|
156 |
|
|
133 |
|
||
Occupancy and equipment |
|
122 |
|
|
105 |
|
||
Advertising and market development |
|
73 |
|
|
71 |
|
||
Communications |
|
62 |
|
|
57 |
|
||
Depreciation and amortization |
|
73 |
|
|
65 |
|
||
Regulatory fees and assessments |
|
51 |
|
|
44 |
|
||
Other |
|
89 |
|
|
62 |
|
||
Total expenses excluding interest |
|
1,396 |
|
|
1,238 |
|
||
Income before taxes on income |
|
1,002 |
|
|
843 |
|
||
Taxes on income |
|
219 |
|
|
279 |
|
||
Net Income |
|
783 |
|
|
564 |
|
||
Preferred stock dividends and other (1) |
|
37 |
|
|
39 |
|
||
Net Income Available to Common Stockholders |
|
$ |
746 |
|
|
$ |
525 |
|
Weighted-Average Common Shares Outstanding: |
|
|
|
|
||||
Basic |
|
1,347 |
|
|
1,336 |
|
||
Diluted |
|
1,362 |
|
|
1,351 |
|
||
Earnings Per Common Shares Outstanding: |
|
|
|
|
||||
Basic |
|
$ |
.55 |
|
|
$ |
.39 |
|
Diluted |
|
$ |
.55 |
|
|
$ |
.39 |
|
Dividends Declared Per Common Share |
|
$ |
.10 |
|
|
$ |
.08 |
|
(1) Includes preferred stock dividends and undistributed earnings and dividends allocated to non-vested restricted stock units.
The Big Test Corporation Monthly Activity Report For March XXXX
|
XXXX |
|
|
|
|
|
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|
|
|
XXXX |
|
|
Change |
||||||||||||||
|
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
Jan |
Feb |
Mar |
Mo. |
Yr. |
|||||||||||||
Market Indices (at month end) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Dow Jones Industrial Average |
20,663 |
|
20,941 |
|
21,009 |
|
21,350 |
|
21,891 |
|
21,948 |
|
22,405 |
|
23,377 |
|
24,272 |
|
24,719 |
|
26,149 |
|
25,029 |
|
24,103 |
|
(4)% |
17% |
Nasdaq Composite |
5,912 |
|
6,048 |
|
6,199 |
|
6,140 |
|
6,348 |
|
6,429 |
|
6,496 |
|
6,728 |
|
6,874 |
|
6,903 |
|
7,411 |
|
7,273 |
|
7,063 |
|
(3)% |
19% |
Standard & Poor’s 500 |
2,363 |
|
2,384 |
|
2,412 |
|
2,423 |
|
2,470 |
|
2,472 |
|
2,519 |
|
2,575 |
|
2,648 |
|
2,674 |
|
2,824 |
|
2,714 |
|
2,641 |
|
(3)% |
12% |
Client Assets (in billions of dollars) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Beginning Client Assets |
2,895.2 |
|
2,922.5 |
|
2,948.8 |
|
2,995.8 |
|
3,040.6 |
|
3,099.9 |
|
3,122.3 |
|
3,181.2 |
|
3,256.5 |
|
3,318.8 |
|
3,361.8 |
|
3,480.5 |
|
3,328.8 |
|
|
|
Net New Assets (1) |
21.2 |
|
2.8 |
|
24.0 |
|
37.7 |
|
15.8 |
|
18.0 |
|
17.8 |
|
35.4 |
|
15.7 |
|
27.0 |
|
11.5 |
|
(50.5 |
) |
20.2 |
|
140% |
(5)% |
Net Market Gains (Losses) |
6.1 |
|
23.5 |
|
23.0 |
|
7.1 |
|
43.5 |
|
4.4 |
|
41.1 |
|
39.9 |
|
46.6 |
|
16.0 |
|
107.2 |
|
(101.2 |
) |
(43.6 |
) |
|
|
Total Client Assets (at month end) |
2,922.5 |
|
2,948.8 |
|
2,995.8 |
|
3,040.6 |
|
3,099.9 |
|
3,122.3 |
|
3,181.2 |
|
3,256.5 |
|
3,318.8 |
|
3,361.8 |
|
3,480.5 |
|
3,328.8 |
|
3,305.4 |
|
(1)% |
13% |
Core XXX New Assets (2) |
21.2 |
|
2.8 |
|
21.3 |
|
22.1 |
|
15.8 |
|
18.0 |
|
17.8 |
|
19.2 |
|
15.7 |
|
27.0 |
|
18.7 |
|
21.3 |
|
25.6 |
|
20% |
21% |
Receiving Ongoing Advisory Services (at month end) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Investor Services |
230.9 |
|
234.4 |
|
239.1 |
|
242.2 |
|
247.2 |
|
249.9 |
|
255.0 |
|
259.8 |
|
265.1 |
|
268.7 |
|
278.6 |
|
273.0 |
|
273.2 |
|
— |
18% |
Advisor Services (3) |
1,250.9 |
|
1,262.7 |
|
1,283.4 |
|
1,297.6 |
|
1,323.8 |
|
1,333.1 |
|
1,358.6 |
|
1,382.6 |
|
1,410.8 |
|
1,431.1 |
|
1,483.7 |
|
1,449.5 |
|
1,444.4 |
|
— |
15% |
Client Accounts (at month end, in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Active Brokerage Accounts (4) |
10,320 |
|
10,386 |
|
10,439 |
|
10,487 |
|
10,477 |
|
10,525 |
|
10,565 |
|
10,603 |
|
10,671 |
|
10,755 |
|
10,858 |
|
10,936 |
|
11,005 |
|
1% |
7% |
Banking Accounts |
1,120 |
|
1,128 |
|
1,138 |
|
1,143 |
|
1,154 |
|
1,167 |
|
1,176 |
|
1,181 |
|
1,192 |
|
1,197 |
|
1,210 |
|
1,218 |
|
1,221 |
|
— |
9% |
Corporate Retirement Plan Participants |
1,545 |
|
1,543 |
|
1,541 |
|
1,540 |
|
1,540 |
|
1,550 |
|
1,552 |
|
1,556 |
|
1,564 |
|
1,568 |
|
1,580 |
|
1,580 |
|
1,594 |
|
1% |
3% |
Client Activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
New Brokerage Accounts (in thousands) |
138 |
|
125 |
|
115 |
|
117 |
|
107 |
|
123 |
|
106 |
|
117 |
|
122 |
|
147 |
|
165 |
|
138 |
|
140 |
|
1% |
1% |
Inbound Calls (in thousands) |
2,111 |
|
1,788 |
|
1,727 |
|
1,736 |
|
1,683 |
|
1,823 |
|
1,709 |
|
1,988 |
|
1,804 |
|
2,046 |
|
2,303 |
|
2,005 |
|
2,145 |
|
7% |
2% |
Web Logins (in thousands) |
45,441 |
|
39,750 |
|
44,024 |
|
43,790 |
|
42,236 |
|
47,290 |
|
39,639 |
|
51,454 |
|
50,583 |
|
54,486 |
|
64,488 |
|
60,830 |
|
58,906 |
|
(3)% |
30% |
Client Cash as a Percentage of Client Assets (5) |
12.4 |
% |
12.1 |
% |
11.8 |
% |
11.5 |
% |
11.3 |
% |
11.4 |
% |
11.1 |
% |
10.9 |
% |
10.8 |
% |
10.8 |
% |
10.4 |
% |
10.9 |
% |
11.0 |
% |
10 bp |
(140) bp |
Mutual Fund and Exchange-Traded Fund |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Net Buys (Sells) (6, 7) (in millions of dollars) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Large Capitalization Stock |
(125 |
) |
346 |
|
134 |
|
(63 |
) |
(95 |
) |
(1,683 |
) |
(138 |
) |
(51 |
) |
85 |
|
1,023 |
|
496 |
|
715 |
|
(158 |
) |
|
|
Small / Mid Capitalization Stock |
(409 |
) |
(797 |
) |
(285 |
) |
(322 |
) |
(139 |
) |
(293 |
) |
45 |
|
378 |
|
(144 |
) |
274 |
|
(125 |
) |
(167 |
) |
130 |
|
|
|
International |
1,703 |
|
2,410 |
|
3,610 |
|
3,631 |
|
2,675 |
|
1,705 |
|
1,549 |
|
1,913 |
|
2,627 |
|
1,852 |
|
4,306 |
|
2,685 |
|
1,546 |
|
|
|
Specialized |
273 |
|
570 |
|
529 |
|
647 |
|
236 |
|
279 |
|
465 |
|
655 |
|
58 |
|
424 |
|
1,569 |
|
187 |
|
326 |
|
|
|
Hybrid |
563 |
|
92 |
|
65 |
|
(340 |
) |
142 |
|
(272 |
) |
460 |
|
(118 |
) |
(263 |
) |
307 |
|
978 |
|
(88 |
) |
529 |
|
|
|
Taxable Bond |
3,876 |
|
2,060 |
|
3,618 |
|
3,499 |
|
3,064 |
|
3,481 |
|
3,809 |
|
3,466 |
|
2,389 |
|
2,561 |
|
3,284 |
|
155 |
|
2,117 |
|
|
|
Tax-Free Bond |
300 |
|
155 |
|
290 |
|
507 |
|
453 |
|
715 |
|
494 |
|
452 |
|
371 |
|
341 |
|
1,247 |
|
211 |
|
247 |
|
|
|
Net Buy (Sell) Activity (in millions of dollars) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Mutual Funds (6) |
2,368 |
|
1,116 |
|
3,837 |
|
2,980 |
|
3,201 |
|
1,048 |
|
3,002 |
|
2,401 |
|
882 |
|
775 |
|
4,843 |
|
(417 |
) |
1,976 |
|
|
|
Exchange-Traded Funds (7) |
3,813 |
|
3,720 |
|
4,124 |
|
4,579 |
|
3,135 |
|
2,884 |
|
3,682 |
|
4,294 |
|
4,241 |
|
6,007 |
|
6,912 |
|
4,115 |
|
2,761 |
|
|
|
Money Market Funds |
1,218 |
|
(4,434 |
) |
(1,167 |
) |
(1,260 |
) |
1,022 |
|
2,105 |
|
(374 |
) |
213 |
|
1,166 |
|
2,968 |
|
(5,730 |
) |
(4,292 |
) |
(9,100 |
) |
|
|
Average Interest-Earning Assets (8) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
(in millions of dollars) |
218,554 |
|
217,407 |
|
215,252 |
|
214,709 |
|
212,108 |
|
214,458 |
|
216,472 |
|
219,658 |
|
223,292 |
|
228,540 |
|
234,619 |
|
239,922 |
|
241,049 |
|
— |
10% |
(1) March, February, and January xxxx include outflows of $X.4 billion, $XX.8 billion, and $X.2 billion. October and June XXXX include inflows of $XX.2 billion and $XX.6 billion, respectively, from certain mutual fund clearing services clients.
(2) Net new assets before significant one-time inflows or outflows, such as acquisitions/divestitures or extraordinary flows (generally greater than $XX billion) relating to a specific client.
(3) Excludes Services.
(4) Periodically, the Company reviews its active account base.
(5) Test One®, certain cash equivalents, bank deposits, and money market fund balances as a percentage of total client assets.
(6) Represents the principal value of client mutual fund transactions handled by Test, including transactions in proprietary funds. Includes institutional funds available only to Investment Managers. Excludes money market fund transactions.
(7) Represents the principal value of client ETF transactions handled by Test, including transactions in proprietary ETFs.
(8) Represents average total interest-earning assets on the Company’s balance sheet.
INSERT WIDE EXCEL TABLE HERE
The Test Corporation Monthly Activity Report For March xxxx | |||||||||||||||||||||||||||||||||||||||||||||||
xxxx | xxxx | Change | |||||||||||||||||||||||||||||||||||||||||||||
Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Mo. | Yr. | |||||||||||||||||||||||||||||||||
Market Indices | |||||||||||||||||||||||||||||||||||||||||||||||
(at month end) | |||||||||||||||||||||||||||||||||||||||||||||||
Dow Jones Industrial Average | 16,458 |
|
16,581 |
|
16,717 |
|
16,827 |
|
16,563 |
|
17,098 |
|
17,043 |
|
17,391 |
|
17,828 |
|
17,823 |
|
17,165 |
|
18,133 |
|
17,776 |
|
(2 |
%) |
8 |
% |
|||||||||||||||||
Nasdaq Composite | 4,199 |
|
4,115 |
|
4,243 |
|
4,408 |
|
4,370 |
|
4,580 |
|
4,493 |
|
4,631 |
|
4,792 |
|
4,736 |
|
4,635 |
|
4,964 |
|
4,901 |
|
(1 |
%) |
17 |
% |
|||||||||||||||||
Standard & Poor’s 500 | 1,872 |
|
1,884 |
|
1,924 |
|
1,960 |
|
1,931 |
|
2,003 |
|
1,972 |
|
2,018 |
|
2,068 |
|
2,059 |
|
1,995 |
|
2,105 |
|
2,068 |
|
(2 |
%) |
10 |
% |
|||||||||||||||||
Client Assets | |||||||||||||||||||||||||||||||||||||||||||||||
(in billions of dollars) | |||||||||||||||||||||||||||||||||||||||||||||||
Beginning Client Assets | 2,294.3 |
|
2,308.0 |
|
2,312.9 |
|
2,354.2 |
|
2,401.9 |
|
2,382.7 |
|
2,448.3 |
|
2,403.7 |
|
2,440.6 |
|
2,478.8 |
|
2,463.6 |
|
2,445.0 |
|
2,531.1 |
|
|||||||||||||||||||||
Net New Assets (1, 2) | 11.4 |
|
0.3 |
|
10.9 |
|
11.5 |
|
15.9 |
|
8.5 |
|
10.3 |
|
7.9 |
|
10.9 |
|
14.4 |
|
9.3 |
|
6.8 |
|
12.6 |
|
86 |
% |
18 |
% |
|||||||||||||||||
Net Market Gains (Losses) | 2.3 |
|
4.6 |
|
30.4 |
|
36.2 |
|
(35.1 |
) |
57.1 |
|
(54.9 |
) |
29.0 |
|
27.3 |
|
(29.6 |
) |
(27.9 |
) |
79.3 |
|
(19.3 |
) |
|||||||||||||||||||||
Total Client Assets (at month end) | 2,308.0 |
|
2,312.9 |
|
2,354.2 |
|
2,401.9 |
|
2,382.7 |
|
2,448.3 |
|
2,403.7 |
|
2,440.6 |
|
2,478.8 |
|
2,463.6 |
|
2,445.0 |
|
2,531.1 |
|
2,524.4 |
|
- | 9 |
% |
||||||||||||||||||
Receiving Ongoing Advisory Services | |||||||||||||||||||||||||||||||||||||||||||||||
(at month end) | |||||||||||||||||||||||||||||||||||||||||||||||
Investor Services | 159.2 |
|
160.6 |
|
163.7 |
|
176.5 |
|
175.1 |
|
180.0 |
|
177.3 |
|
180.2 |
|
183.3 |
|
182.5 |
|
181.5 |
|
187.8 |
|
188.4 |
|
- | 18 |
% |
||||||||||||||||||
Advisor Services (3) | 973.5 |
|
977.4 |
|
995.3 |
|
1,014.9 |
|
1,007.2 |
|
1,035.3 |
|
1,015.3 |
|
1,032.4 |
|
1,049.0 |
|
1,045.6 |
|
1,038.4 |
|
1,065.8 |
|
1,063.4 |
|
- | 9 |
% |
||||||||||||||||||
Client Accounts | |||||||||||||||||||||||||||||||||||||||||||||||
(at month end, in thousands) | |||||||||||||||||||||||||||||||||||||||||||||||
Active Brokerage Accounts | 9,178 |
|
9,217 |
|
9,228 |
|
9,252 |
|
9,269 |
|
9,288 |
|
9,309 |
|
9,326 |
|
9,346 |
|
9,386 |
|
9,407 |
|
9,435 |
|
9,493 |
|
1 |
% |
3 |
% |
|||||||||||||||||
Banking Accounts | 933 |
|
938 |
|
944 |
|
950 |
|
956 |
|
964 |
|
970 |
|
974 |
|
979 |
|
985 |
|
978 |
|
983 |
|
986 |
|
- | 6 |
% |
||||||||||||||||||
Corporate Retirement Plan Participants (2) | 1,338 |
|
1,344 |
|
1,346 |
|
1,344 |
|
1,381 |
|
1,383 |
|
1,405 |
|
1,416 |
|
1,416 |
|
1,428 |
|
1,441 |
|
1,475 |
|
1,474 |
|
- | 10 |
% |
||||||||||||||||||
Client Activity | |||||||||||||||||||||||||||||||||||||||||||||||
New Brokerage Accounts (in thousands) | 90 |
|
95 |
|
71 |
|
76 |
|
78 |
|
75 |
|
76 |
|
76 |
|
70 |
|
97 |
|
84 |
|
80 |
|
110 |
|
38 |
% |
22 |
% |
|||||||||||||||||
Inbound Calls (in thousands) | 1,961 |
|
1,938 |
|
1,691 |
|
1,806 |
|
1,873 |
|
1,768 |
|
1,755 |
|
1,928 |
|
1,656 |
|
1,980 |
|
1,872 |
|
1,827 |
|
1,930 |
|
6 |
% |
(2 |
%) |
|||||||||||||||||
Web Logins (in thousands) | 34,200 |
|
34,254 |
|
32,165 |
|
32,768 |
|
33,426 |
|
32,491 |
|
31,098 |
|
32,409 |
|
31,528 |
|
34,580 |
|
34,294 |
|
35,379 |
|
36,278 |
|
3 |
% |
6 |
% |
|||||||||||||||||
Cash as a Percentage of Client Assets (4) | 12.7 |
% |
12.4 |
% |
12.2 |
% |
11.9 |
% |
12.1 |
% |
11.9 |
% |
12.2 |
% |
12.1 |
% |
11.9 |
% |
12.3 |
% |
12.3 |
% |
11.9 |
% |
12.0 |
% |
10 bp | (70) bp | |||||||||||||||||||
Mutual Fund and Exchange-Traded Fund | |||||||||||||||||||||||||||||||||||||||||||||||
Net Buys (Sells) (5, 6) | |||||||||||||||||||||||||||||||||||||||||||||||
(in millions of dollars) | |||||||||||||||||||||||||||||||||||||||||||||||
Large Capitalization Stock | 676 |
|
95 |
|
129 |
|
311 |
|
773 |
|
620 |
|
228 |
|
1,881 |
|
1,538 |
|
1,347 |
|
1,084 |
|
(1,154 |
) |
(586 |
) |
|||||||||||||||||||||
Small / Mid Capitalization Stock | 680 |
|
(430 |
) |
(564 |
) |
220 |
|
(355 |
) |
(639 |
) |
(127 |
) |
(307 |
) |
91 |
|
(346 |
) |
488 |
|
(12 |
) |
290 |
|
|||||||||||||||||||||
International | 1,028 |
|
1,665 |
|
1,240 |
|
2,137 |
|
817 |
|
524 |
|
166 |
|
(20 |
) |
794 |
|
177 |
|
1,630 |
|
3,463 |
|
4,650 |
|
|||||||||||||||||||||
Specialized | 912 |
|
609 |
|
377 |
|
1,690 |
|
1,082 |
|
373 |
|
(24 |
) |
781 |
|
503 |
|
566 |
|
1,452 |
|
748 |
|
(47 |
) |
|||||||||||||||||||||
Hybrid | 107 |
|
230 |
|
406 |
|
201 |
|
532 |
|
165 |
|
- | (531 |
) |
(363 |
) |
(687 |
) |
180 |
|
138 |
|
(284 |
) |
||||||||||||||||||||||
Taxable Bond | 1,344 |
|
449 |
|
1,346 |
|
606 |
|
92 |
|
683 |
|
(3,475 |
) |
797 |
|
577 |
|
(1,914 |
) |
1,298 |
|
2,722 |
|
924 |
|
|||||||||||||||||||||
Tax-Free Bond | 474 |
|
246 |
|
584 |
|
516 |
|
277 |
|
400 |
|
463 |
|
584 |
|
479 |
|
603 |
|
598 |
|
471 |
|
613 |
|
|||||||||||||||||||||
Net Buy (Sell) Activity | |||||||||||||||||||||||||||||||||||||||||||||||
(in millions of dollars) | |||||||||||||||||||||||||||||||||||||||||||||||
Mutual Funds (5) | 3,611 |
|
1,312 |
|
2,236 |
|
3,313 |
|
1,804 |
|
612 |
|
(4,022 |
) |
358 |
|
254 |
|
(4,381 |
) |
3,174 |
|
3,086 |
|
1,765 |
|
|||||||||||||||||||||
Exchange-Traded Funds (6) | 1,612 |
|
1,553 |
|
1,284 |
|
2,368 |
|
1,414 |
|
1,514 |
|
1,253 |
|
2,827 |
|
3,365 |
|
4,127 |
|
3,556 |
|
3,290 |
|
3,795 |
|
|||||||||||||||||||||
Money Market Funds | (135 |
) |
(4,141 |
) |
(561 |
) |
(1,664 |
) |
1,493 |
|
1,248 |
|
2,224 |
|
477 |
|
(1,643 |
) |
4,294 |
|
(2,080 |
) |
(2,158 |
) |
(1,362 |
) |
|||||||||||||||||||||
Average Interest-Earning Assets (7) | |||||||||||||||||||||||||||||||||||||||||||||||
(in millions of dollars) | 137,625 |
|
137,164 |
|
136,588 |
|
137,328 |
|
137,785 |
|
139,027 |
|
140,115 |
|
141,502 |
|
141,884 |
|
144,695 |
|
147,495 |
|
148,911 |
|
152,247 |
|
2 |
% |
11 |
% |
|||||||||||||||||
(1)February xxxx includes an outflow of $xx.x billion relating to the Company's planned resignation from an Advisor Services cash management relationship. September xxxx includes an inflow of $7.8 billion and outflow of $3.4 billion from certain mutual fund clearing services clients. July xxxx includes an inflow of $2.4 billion from a mutual fund clearing services client. |
|||||||||||||||||||||||||||||||||||||||||||||||
(2)In February xxxx, the Company increased its reported totals for overall client assets and retirement plan participants by $x.x billion and 35,000, respectively, to reflect the final impact of the consolidation of its retirement plan recordkeeping platforms as previously announced in September xxxx. |
|||||||||||||||||||||||||||||||||||||||||||||||
(3)Excludes xxxxxxxxxx xxxxxxxxx xxxxxxxx Trust. |
|||||||||||||||||||||||||||||||||||||||||||||||
(4)Test One®, other cash equivalents, deposits from banking clients and money market fund balances as a percentage of total client assets. |
|||||||||||||||||||||||||||||||||||||||||||||||
(5)Represents the principal value of client mutual fund transactions handled by Test, including transactions in proprietary funds. Includes institutional funds available only to Investment Managers. Excludes money market fund transactions. |
|||||||||||||||||||||||||||||||||||||||||||||||
(6)Represents the principal value of client ETF transactions handled by Test, including transactions in proprietary ETFs. |
|||||||||||||||||||||||||||||||||||||||||||||||
(7)Represents total interest-earning assets on the Company's balance sheet. |