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G&A expense was up 8% year over year, primarily due to the timing of technology spend last year and higher professionalservices expense. Sales, asset, and account expense increased 6% compared to a year ago, driven by higher direct fund expense. active fixed income mutualfunds.
Mutualfunds and ETFs often comprise hundreds of underlying holdings, making accurate calculations dependent on evaluating each security’s ESG rating and aggregating the results based on portfolio weight. Isolating specific risks is daunting given the multi-layered nature of financial instruments.
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