products. representing our during of positive fixed by generated expanding net inflows in X, June equity Thank was market classes, record AUM and the international of a quarter our asset quarter XX of excess multiple movement an $XXX versus million Slide We including X% and markets, inflows. $XX.X U.S. billion emerging the driven on income equity, in you, Beginning quarter prior Jarrett. increase at
industrial with nickel mixed are gold, in metals, which outflows strong by results in Our saw offset copper, oil. commodities in flows products and broad
$XXX ended U.S. Inflows generated million billion, an months. $XX.X And AUM. July As where excess quarter. Jarrett continues our ETFs $X.X listed Momentum of currently as stands into than $X in over are $XXX mentioned, XXXX greater inflows we billion have had our previously XXth million for consecutive year-to-date. of positive have or AUM QX, billion at our ETFs in the
due of million $XX.X from the up share Now, a X% or Slide prior the X. our higher million to $X.XX was increase XX% were turning Adjusted results prior quarter to income financial AUM. from Revenues our net in quarter. an $XX
tax of items. This non-cash recognized gold our XXX,XXX XXX,XXX for non-operating we commitment a gain after other future quarter, payment and in
XX% almost Turning and gross leverage a experienced slide. is the business the in years. our excess This excess in second the we’ve We’ve quarter demonstrates our with level three XX%, excess margins next income the operating in to that of our this of have meaningful not recognized margins that on expansion margin margin expansion of experienced quarter; margins of model. consecutive XX% operating we for gross
range guidance, are We of gross to our margin uptick XX% updating we to X% prior fall a XX%, guidance. within now a from expect which
the next you’ll the in On slide, see expenses. change our
and first offset slightly fund compensation higher the distribution costs expenses Our operating were down party expenses third and by lower quarter, were fees, marketing sales from expense.
Our compensation as compensation payroll prior expense impact of taxes. the to was as including stock-based well seasonal due reduced quarter, lower the
during and full communicated Our half year during unchanged of sales second was remains quarter million at increase $XX the it’s anticipated full marketing year. quarter. and was guidance million, million unchanged compensation $XX the at guidance the expenses are last remains to year our $XX from spending Discretionary approximately what
associated stock It Turning sheet of note down for was powder And repurchased convertible this our million our strength balance $XX.XX, stock at which us last and capital issued a our million. positions We to initiatives. payment, provide slide. lower may management flexibility we repurchased a redeem price offering, position dividend the with notes with beginning transaction organic million of share appendix shares the strength X In within since notes shares in were the future when these ability is our raised repurchases. buybacks XX.X the of our and with $XXX notes notes last or $X.XX than to note next inorganic we’ve with dry program, from proceeds, our money for we’re us year. friendly, time. X.X June, connection convertible funds convertible year. notes the ETF require pre-existing includes share share computation price percentage associated while to via issued shareholder diluted ETF execution conversion the be The term option to the have to at and growth conversion, coupon, to diluted In The the and the neutral. for includable The one notes maturity issued opportune price the million with X.XX% of our conversion offering, per $XX strong mindful approximately a debt raised aren’t incremental EPS and notes, consider added stock. counts. Please share add also million convertible five-year shares Refer of opportunistic associated issuance, we be are a last count, $XX.XX. principal at paid of pay We stock our and we recent common share our point year, our the quarterly the in of to convertible upon cash our management. with consequences
decision were Relations, strong to over the business desire to Head today we previously business while investing thing Jeremy weighed strategically us to for Barclay’s have the However, the reduce be from well returns results we ultimately delivering I invest turn will that against him reported week. now our of the note, have. looking believe forward our in their all will positions I for to questions. ongoing Investor future. That’s We of One and and scale our efficiency other with growth. starting next a shareholder in continue debt and and Campbell, hired call us
