Form 8-K
8-K — Brookfield Asset Management Ltd.
Accession: 0001104659-26-111209
Filed: 2026-09-28
Period: 2026-09-28
CIK: 0001937926
SIC: 6282 (INVESTMENT ADVICE)
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — tm2626124d1_8k.htm (Primary)
EX-99.1 — EXHIBIT 99.1 (tm2626124d1_ex99-1.htm)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K — FORM 8-K
8-K (Primary)
Filename: tm2626124d1_8k.htm · Sequence: 1
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0001937926
0001937926
2026-09-28
2026-09-28
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
September 28, 2026
Brookfield Asset Management Ltd.
(Exact name of registrant as specified in its
charter)
British Columbia, Canada
001-41563
98-1702516
(State or Other Jurisdiction
of Incorporation)
(Commission
File No.)
(IRS Employee
Identification No.)
Brookfield Place
225 Liberty Street, 8th Floor
New
York, New York, 10281-1048
(Address of Principal Executive Offices)
(212) 417-7000
(Registrant’s telephone number, including
area code)
(Former name or former address, if changed
since last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
Trading
Symbol(s)
Name of Each Exchange
on Which Registered
Class A Limited Voting Shares
BAM
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ¨
Item 7.01. Regulation FD Disclosure.
Beginning with the release
of results for the third quarter ending September 30, 2026, expected to be released on November 6th, 2026, Brookfield
Asset Management Ltd. (“BAM”, “we” or “our”) intends to revise its presentation of Fee Revenues, a
non-GAAP financial measure, and the presentation of expenses within Fee Related Earnings, a non-GAAP financial measure, and Fee-Bearing
Capital, a supplemental financial measure. Specifically, the revised presentation will provide additional detail with respect to BAM’s
partner managers by presenting BAM’s proportionate share of fee revenues and expenses attributable to such partner managers, rather
than presenting BAM’s share of fee-related earnings from such partner managers on a net basis. In addition, BAM will include Fee-Bearing
Capital associated with assets for which its partner managers receive servicing fees, in order to better align the presentation of Fee-Bearing
Capital with Fee Revenues. BAM believes this enhanced presentation will provide analysts and investors with greater transparency into
the revenue and expense profile of these businesses, which have become a larger contributor to BAM’s credit business, and assist
them in understanding and modeling BAM’s results.
In order to assist analysts
and investors in understanding the impact of this revised presentation and for comparability purposes, attached as Exhibit 99.1 hereto
and incorporated herein by reference is a recast presentation of Fee Revenues and Fee-Bearing Capital (and certain related information)
to conform to such revised presentation for the quarter ended June 30, 2026 and the prior seven quarters. BAM has also posted in
Excel format such supplemental information on the investor section of its website at bam.brookfield.com.
This revised presentation
reflected in Exhibit 99.1 is a presentation change only and does not impact BAM’s Fee-Related Earnings or Distributable Earnings
as previously reported. We expect that this change in presentation will similarly be reflected in our future segment U.S. GAAP results
and prior comparable periods.
The information furnished
as Exhibit 99.1 to this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section,
nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except
as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number
Description
99.1
Non-GAAP and Supplemental Financial Measures -- Additional Information
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: September 28, 2026
Brookfield Asset Management Ltd.
By:
/s/ Kathy Sarpash
Name:
Kathy Sarpash
Title:
Managing Director, Legal & Regulatory and Corporate Secretary
EX-99.1 — EXHIBIT 99.1
EX-99.1
Filename: tm2626124d1_ex99-1.htm · Sequence: 2
Exhibit 99.1
Brookfield Asset Management Ltd.
Supplemental Financial Disclosure
Beginning
with the release of results for the third quarter ending September 30, 2026, expected to be released on November 6th,
2026, Brookfield Asset Management Ltd. (“BAM”, “we” or “our”) intends to revise its presentation
of Fee Revenues, a non-GAAP financial measure, and the presentation of expenses within Fee Related Earnings, a non-GAAP financial measure,
and Fee-Bearing Capital, a supplemental financial measure. Specifically, the revised presentation will provide additional detail with
respect to BAM’s partner managers by presenting BAM’s proportionate share of fee revenues and expenses attributable to such
partner managers, rather than presenting BAM’s share of fee-related earnings from such partner managers on a net basis. In addition,
BAM will revise the Fee-Bearing Capital presentation included for its partner managers to better align with their fee revenue profile.
BAM believes this enhanced presentation will provide analysts and investors with greater transparency into the revenue and expense profile
of these businesses, which have become a larger contributor to BAM’s credit business, and assist them in understanding and modeling
BAM’s results.
This
presentation includes references to Fee Revenues, Fee-Related Earnings, and Distributable Earnings, which are non-GAAP measures. Fee
Revenues is comprised of base management fees, incentive distributions, performance fees and transaction and advisory fees excluding
carried interest. Fee-Related Earnings is comprised of fee revenues less direct costs associated with earning those fees, which include
employee expenses and professional fees as well as business related technology costs, and other shared services. Distributable Earnings
is a Non-GAAP measure that provides insight into earnings that are available for distribution to common shareholders or to be reinvested
into the business and is calculated as the sum of fee-related earnings and realized carried interest; returns from our corporate cash
and financial assets; interest expense; cash taxes; excluding equity-based compensation costs. We use these measures to provide
additional insight into the operating profitability of our asset management activities. Reconciliations of these non-GAAP
financial measures to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP are included
in this presentation. Management assesses the performance of its business based on these non-GAAP financial measures. These non-GAAP
financial measures should be considered in addition to, and not as a substitute for or superior to, net income or other financial measures
presented in accordance with U.S. GAAP.
Brookfield
Asset Management Ltd. Supplemental Financial Disclosure
New Presentation
FRE and DE ($Millions, except per share amounts)
Last Three Months Ended
Last Twelve Months Ended
Q3-24
Q4-24
Q1-25
Q2-25
Q3-25
Q4-25
Q1-26
Q2-26
Q2-26
Q2-25
Fee Revenues
$ 1,261
$ 1,273
$ 1,341
$ 1,351
$ 1,459
$ 1,591
$ 1,507
$ 1,587
$ 6,144
$ 5,226
Direct Costs
(589)
(568)
(624)
(656)
(685)
(700)
(713)
(757)
(2,855)
(2,437)
Total Fee-Related Earnings
672
705
717
695
774
891
794
830
3,289
2,789
Amounts
not attributable to BAM1
(28)
(28)
(19)
(19)
(20)
(24)
(22)
(22)
(88)
(94)
Fee-Related Earnings (FRE)
$ 644
$ 677
$ 698
$ 676
$ 754
$ 867
$ 772
$ 808
$ 3,201
$ 2,695
FRE Margin at Our Share2
55%
57%
55%
53%
55%
58%
54%
54%
55%
55%
Distributable Earnings (DE)
$ 619
$ 649
$ 654
$ 613
$ 661
$ 767
$ 702
$ 707
$ 2,837
$ 2,535
Per Share
Fee-Related Earnings
$ 0.39
$ 0.42
$ 0.43
$ 0.42
$ 0.46
$ 0.53
$ 0.48
$ 0.50
$ 1.97
$ 1.65
Distributable Earnings
0.38
0.40
0.40
0.38
0.41
0.47
0.43
0.44
1.75
1.56
Total diluted weighted average shares during the period
1,630.6
1,630.5
1,629.8
1,628.2
1,630.9
1,626.7
1,619.3
1,612.5
1,622.3
1,629.8
Old Presentation
FRE and DE ($Millions, except per share amounts)
Last Three Months Ended
Last Twelve Months Ended
Q3-24
Q4-24
Q1-25
Q2-25
Q3-25
Q4-25
Q1-26
Q2-26
Q2-26
Q2-25
Fee Revenues
$ 1,210
$ 1,235
$ 1,300
$ 1,285
$ 1,390
$ 1,512
$ 1,426
$ 1,494
$ 5,822
$ 5,030
Direct Costs
(538)
(530)
(583)
(590)
(616)
(621)
(632)
(664)
(2,533)
(2,241)
Total Fee-Related Earnings
672
705
717
695
774
891
794
830
3,289
2,789
Amounts not attributable to BAM1
(28)
(28)
(19)
(19)
(20)
(24)
(22)
(22)
(88)
(94)
Fee-Related Earnings (FRE)
$ 644
$ 677
$ 698
$ 676
$ 754
$ 867
$ 772
$ 808
$ 3,201
$ 2,695
FRE
Margin at Our Share2
58%
59%
57%
56%
58%
61%
57%
57%
58%
57%
Distributable Earnings (DE)
$ 619
$ 649
$ 654
$ 613
$ 661
$ 767
$ 702
$ 707
$ 2,837
$ 2,535
Per Share
Fee-Related Earnings
$ 0.39
$ 0.42
$ 0.43
$ 0.42
$ 0.46
$ 0.53
$ 0.48
$ 0.50
$ 1.97
$ 1.65
Distributable Earnings
0.38
0.40
0.40
0.38
0.41
0.47
0.43
0.44
1.75
1.56
Total diluted weighted average shares during the period
1,630.6
1,630.5
1,629.8
1,628.2
1,630.9
1,626.7
1,619.3
1,612.5
1,622.3
1,629.8
Change
FRE and DE ($Millions, except per share amounts)
Last Three Months Ended
Last Twelve Months Ended
Q3-24
Q4-24
Q1-25
Q2-25
Q3-25
Q4-25
Q1-26
Q2-26
Q2-26
Q2-25
Fee Revenues
$ 51
$ 38
$ 41
$ 66
$ 69
$ 79
$ 81
$ 93
$ 322
$ 196
Direct Costs
(51)
(38)
(41)
(66)
(69)
(79)
(81)
(93)
(322)
(196)
Total Fee-Related Earnings
-
-
-
-
-
-
-
-
-
-
Amounts not attributable to BAM1
-
-
-
-
-
-
-
-
-
-
Fee-Related Earnings (FRE)
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
FRE Margin at Our Share2
-3%
-2%
-2%
-3%
-3%
-3%
-3%
-3%
-3%
-2%
Distributable Earnings (DE)
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
Per Share
Fee-Related Earnings
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
Distributable Earnings
-
-
-
-
-
-
-
-
-
-
Total diluted weighted average shares during the period
-
-
-
-
-
-
-
-
-
-
Brookfield Asset Management Ltd. Supplemental Financial Disclosure
Credit
New Presentation
Fee-Bearing Capital ($Billions)
As of
Q3-24
Q4-24
Q1-25
Q2-25
Q3-25
Q4-25
Q1-26
Q2-26
Opportunistic Credit3
$ 26
$ 25
$ 24
$ 23
$ 24
$ 24
$ 24
$ 24
Private Credit4
62
59
61
63
62
70
69
70
Structured Credit and Other
13
12
13
14
15
17
16
17
Long-Term Private Funds
101
96
98
100
101
111
109
111
Opportunistic Credit5
2
2
2
2
3
3
3
3
Private Credit6
42
43
48
48
49
57
47
69
Perpetual Liquid Credit7
55
57
57
57
58
56
67
84
Permanent Capital and Perpetual Strategies
99
102
107
107
110
116
117
156
Liquid Credit
69
68
70
71
75
77
79
81
Liquid Strategies
69
68
70
71
75
77
79
81
Total Credit
$ 269
$ 266
$ 275
$ 278
$ 286
$ 304
$ 305
$ 349
Old Presentation
Fee-Bearing Capital ($Billions)
As of
Q3-24
Q4-24
Q1-25
Q2-25
Q3-25
Q4-25
Q1-26
Q2-26
Opportunistic Credit3
$ 26
$ 25
$ 24
$ 23
$ 24
$ 24
$ 24
$ 24
Private Credit4
37
38
38
39
40
47
47
48
Structured Credit and Other
13
12
13
14
15
17
16
17
Long-Term Private Funds
76
75
75
76
79
88
87
89
Opportunistic Credit5
2
2
2
2
3
3
3
3
Private Credit6
42
43
48
47
48
56
46
68
Perpetual Liquid Credit7
55
57
57
57
58
56
67
84
Permanent Capital and Perpetual Strategies
99
102
107
106
109
115
116
155
Liquid Credit
69
68
70
71
75
77
79
81
Liquid Strategies
69
68
70
71
75
77
79
81
Total Credit
$ 244
$ 245
$ 252
$ 253
$ 263
$ 280
$ 282
$ 326
Change
Fee-Bearing Capital ($Billions)
As of
Q3-24
Q4-24
Q1-25
Q2-25
Q3-25
Q4-25
Q1-26
Q2-26
Opportunistic Credit3
$ -
$ -
$ -
$ -
$ -
$ -
$ -
-
Private Credit4
25
21
23
24
22
23
22
22
Structured Credit and Other
-
-
-
-
-
-
-
-
Long-Term Private Funds
25
21
23
24
22
23
22
22
Opportunistic Credit5
-
-
-
-
-
-
-
-
Private Credit6
-
-
-
1
1
1
1
1
Perpetual Liquid Credit7
-
-
-
-
-
-
-
-
Permanent Capital and Perpetual Strategies
-
-
-
1
1
1
1
1
Liquid Credit
-
-
-
-
-
-
-
-
Liquid Strategies
-
-
-
-
-
-
-
-
Total Credit
$ 25
$ 21
$ 23
$ 25
$ 23
$ 24
$ 23
$ 23
New Presentation
Fee Revenues ($Millions)
Last Three Months Ended
Last Twelve Months Ended
Q3-24
Q4-24
Q1-25
Q2-25
Q3-25
Q4-25
Q1-26
Q2-26
Q2-26
Q2-25
Base Management Fees
Long-term private funds
$ 242
$ 237
$ 259
$ 236
$ 240
$ 265
$ 261
$ 273
$ 1,039
$ 974
Permanent Capital and Perpetual strategies
117
111
105
160
197
198
193
232
820
493
Liquid Strategies
62
64
64
62
67
68
66
71
272
252
Total Base Management Fees
421
412
428
458
504
531
520
576
2,131
1,719
Transaction and Advisory Fees
2
14
10
7
20
23
26
26
95
33
Total Fee Revenues
$ 423
$ 426
$ 438
$ 465
$ 524
$ 554
$ 546
$ 602
$ 2,226
$ 1,752
Old Presentation
Fee Revenues ($Millions)
Last Three Months Ended
Last Twelve Months Ended
Q3-24
Q4-24
Q1-25
Q2-25
Q3-25
Q4-25
Q1-26
Q2-26
Q2-26
Q2-25
Base Management Fees
Long-term private funds
$ 192
$ 213
$ 228
$ 226
$ 268
$ 280
$ 277
$ 288
$ 1,113
$ 859
Permanent Capital and Perpetual strategies
117
111
105
111
120
127
122
150
519
444
Liquid Strategies
62
64
64
62
67
68
66
71
272
252
Total Base Management Fees
371
388
397
399
455
475
465
509
1,904
1,555
Transaction and Advisory Fees
1
-
-
-
-
-
-
-
-
1
Total Fee Revenues
$ 372
$ 388
$ 397
$ 399
$ 455
$ 475
$ 465
$ 509
$ 1,904
$ 1,556
Change
Fee Revenues ($Millions)
Last Three Months Ended
Last Twelve Months Ended
Base Management Fees
Q3-24
Q4-24
Q1-25
Q2-25
Q3-25
Q4-25
Q1-26
Q2-26
Q2-26
Q2-25
Long-term private funds
$ 50
$ 24
$ 31
$ 10
$ (28)
$ (15)
$ (16)
$ (15)
$ (74)
$ 115
Permanent Capital and Perpetual strategies
-
-
-
49
77
71
71
82
301
49
Liquid Strategies
-
-
-
-
-
-
-
-
-
-
Total Base Management Fees
50
24
31
59
49
56
55
67
227
164
Transaction and Advisory Fees
1
14
10
7
20
23
26
26
95
32
Total Fee Revenues
$ 51
$ 38
$ 41
$ 66
$ 69
$ 79
$ 81
$ 93
$ 322
$ 196
Brookfield Asset Management Ltd. Supplemental Financial Disclosure
New Presentation
Fee-Related Earnings and Distributable Earnings Detail ($Millions)
Last Three Months Ended
Last Twelve Months Ended
Q3-24
Q4-24
Q1-25
Q2-25
Q3-25
Q4-25
Q1-26
Q2-26
Q2-26
Q2-25
Base Management Fees
Infrastructure
$ 236
$ 230
$ 227
$ 235
$ 240
$ 249
$ 254
$ 266
$ 1,009
$ 928
Energy
127
138
135
158
197
186
173
182
738
558
Private Equity
112
107
105
106
110
132
123
141
506
430
Real Estate
248
249
318
261
256
255
253
259
1,023
1,076
Credit
421
412
428
458
504
531
520
576
2,131
1,719
Incentive Distributions and Performance Fees
106
106
117
116
116
212
132
129
589
445
Transaction and Advisory Fees
11
31
11
17
36
26
52
34
148
70
Total Fee Revenues
1,261
1,273
1,341
1,351
1,459
1,591
1,507
1,587
6,144
5,226
Direct Costs
Compensation and Benefits
(435)
(414)
(457)
(459)
(470)
(482)
(496)
(512)
(1,960)
(1,765)
Other Expenses
(154)
(154)
(167)
(197)
(215)
(218)
(217)
(245)
(895)
(672)
Total Direct Costs
(589)
(568)
(624)
(656)
(685)
(700)
(713)
(757)
(2,855)
(2,437)
Total Fee-Related Earnings
672
705
717
695
774
891
794
830
3,289
2,789
Amounts not attributable to BAM1
28
28
19
19
20
24
22
22
88
94
Fee-Related Earnings (FRE)
$ 644
$ 677
$ 698
$ 676
$ 754
$ 867
$ 772
$ 808
$ 3,201
$ 2,695
Add: Investment & Other Income (Net of Interest Expense)8
51
52
33
14
(6)
(8)
11
(27)
(30)
150
Add: Equity-Based Compensation Costs
8
8
14
11
11
8
14
23
56
41
Less: Cash Taxes
(84)
(88)
(91)
(88)
(98)
(100)
(95)
(97)
(390)
(351)
Distributable Earnings (DE)
$ 619
$ 649
$ 654
$ 613
$ 661
$ 767
$ 702
$ 707
$ 2,837
$ 2,535
FRE as % of Pre-tax DE
104%
104%
94%
110%
114%
113%
97%
100%
99%
93%
Old Presentation
Fee-Related Earnings and Distributable Earnings Detail ($Millions)
Last Three Months Ended
Last Twelve Months Ended
Q3-24
Q4-24
Q1-25
Q2-25
Q3-25
Q4-25
Q1-26
Q2-26
Q2-26
Q2-25
Base Management Fees
Infrastructure
$ 236
$ 230
$ 227
$ 235
$ 240
$ 249
$ 254
$ 266
$ 1,009
$ 928
Energy
127
138
135
158
197
186
173
182
738
558
Private Equity
112
107
105
106
110
132
123
141
506
430
Real Estate
248
249
318
261
256
255
253
259
1,023
1,076
Credit
371
388
397
399
455
475
465
509
1,904
1,555
Incentive Distributions and Performance Fees
106
106
117
116
116
212
132
129
589
445
Transaction and Advisory Fees
10
17
1
10
16
3
26
8
53
38
Total Fee Revenues
1,210
1,235
1,300
1,285
1,390
1,512
1,426
1,494
5,822
5,030
Direct Costs
Compensation and Benefits
(401)
(386)
(425)
(431)
(438)
(443)
(453)
(463)
(1,797)
(1,643)
Other Expenses
(137)
(144)
(158)
(159)
(178)
(178)
(179)
(201)
(736)
(598)
Total Direct Costs
(538)
(530)
(583)
(590)
(616)
(621)
(632)
(664)
(2,533)
(2,241)
Total Fee-Related Earnings
672
705
717
695
774
891
794
830
3,289
2,789
Amounts not attributable to BAM1
28
28
19
19
20
24
22
22
88
94
Fee-Related Earnings (FRE)
$ 644
$ 677
$ 698
$ 676
$ 754
$ 867
$ 772
$ 808
$ 3,201
$ 2,695
Add: Investment & Other Income (Net of Interest Expense)8
51
52
33
14
(6)
(8)
11
(27)
(30)
150
Add: Equity-Based Compensation Costs
8
8
14
11
11
8
14
23
56
41
Less: Cash Taxes
(84)
(88)
(91)
(88)
(98)
(100)
(95)
(97)
(390)
(351)
Distributable Earnings (DE)
$ 619
$ 649
$ 654
$ 613
$ 661
$ 767
$ 702
$ 707
$ 2,837
$ 2,535
FRE as % of Pre-tax DE
104%
104%
94%
110%
114%
113%
97%
100%
99%
93%
Change
Fee-Related Earnings and Distributable Earnings Detail ($Millions)
Last Three Months Ended
Last Twelve Months Ended
Q3-24
Q4-24
Q1-25
Q2-25
Q3-25
Q4-25
Q1-26
Q2-26
Q2-26
Q2-25
Base Management Fees
Infrastructure
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
Energy
-
-
-
-
-
-
-
-
-
-
Private Equity
-
-
-
-
-
-
-
-
-
-
Real Estate
-
-
-
-
-
-
-
-
-
-
Credit
50
24
31
59
49
56
55
67
227
164
Incentive Distributions and Performance Fees
-
-
-
-
-
-
-
-
-
-
Transaction and Advisory Fees
1
14
10
7
20
23
26
26
95
32
Total Fee Revenues
51
38
41
66
69
79
81
93
322
196
Direct Costs
Compensation and Benefits
(34)
(28)
(32)
(28)
(32)
(39)
(43)
(49)
(163)
(122)
Other Expenses
(17)
(10)
(9)
(38)
(37)
(40)
(38)
(44)
(159)
(74)
Total Direct Costs
(51)
(38)
(41)
(66)
(69)
(79)
(81)
(93)
(322)
(196)
Total Fee-Related Earnings
-
-
-
-
-
-
-
-
-
-
Amounts not attributable to BAM1
-
-
-
-
-
-
-
-
-
-
Fee-Related Earnings (FRE)
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
Add: Investment & Other Income (Net of Interest Expense)8
-
-
-
-
-
-
-
-
-
-
Add: Equity-Based Compensation Costs
-
-
-
-
-
-
-
-
-
-
Less: Cash Taxes
-
-
-
-
-
-
-
-
-
-
Distributable Earnings (DE)
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
FRE as % of Pre-tax DE
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Brookfield Asset Management Ltd. Supplemental Financial Disclosure
New Presentation
Fee-Bearing Capital ($Billions)
As of
Q3-24
Q4-24
Q1-25
Q2-25
Q3-25
Q4-25
Q1-26
Q2-26
Infrastructure
$ 99
$ 97
$ 96
$ 100
$ 101
$ 106
$ 109
$ 114
Energy
58
58
58
64
69
67
72
74
Private Equity
44
45
43
43
46
48
48
54
Real Estate
94
94
100
102
102
102
103
104
Credit
269
266
275
278
286
304
305
349
Total FBC
$ 564
$ 560
$ 572
$ 587
$ 604
$ 627
$ 637
$ 695
Old Presentation
Fee-Bearing Capital ($Billions)
As of
Q3-24
Q4-24
Q1-25
Q2-25
Q3-25
Q4-25
Q1-26
Q2-26
Infrastructure
$ 99
$ 97
$ 96
$ 100
$ 101
$ 106
$ 109
$ 114
Energy
58
58
58
64
69
67
72
74
Private Equity
44
45
43
43
46
48
48
54
Real Estate
94
94
100
102
102
102
103
104
Credit
244
245
252
253
263
280
282
326
Total FBC
$ 539
$ 539
$ 549
$ 562
$ 581
$ 603
$ 614
$ 672
Change
Fee-Bearing Capital ($Billions)
As of
Q3-24
Q4-24
Q1-25
Q2-25
Q3-25
Q4-25
Q1-26
Q2-26
Infrastructure
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
Energy
-
-
-
-
-
-
-
-
Private Equity
-
-
-
-
-
-
-
-
Real Estate
-
-
-
-
-
-
-
-
Credit
25
21
23
25
23
24
23
23
Total FBC
$ 25
$ 21
$ 23
$ 25
$ 23
$ 24
$ 23
$ 23
Brookfield Asset Management Ltd. Supplemental Financial Disclosure
New Presentation
Reconciliation of Net Income to Fee-Related Earnings and Distributable Earnings ($Millions)
Last Three Months Ended
Q3-24
Q4-24
Q1-25
Q2-25
Q3-25
Q4-25
Q1-26
Q2-26
Net income
$ 537
$ 680
$ 507
$ 584
$ 692
$ 615
$ 586
$ 1,172
Add or subtract the following:
Provision for taxes9
96
129
75
75
78
299
110
162
Depreciation and amortization10
4
3
3
11
30
24
20
20
Carried interest allocations11
(55)
(29)
(2)
63
(112)
(158)
(112)
(553)
Carried interest allocation compensation11
38
11
146
16
(20)
4
211
51
Other income and expenses12
69
(24)
55
55
97
43
(21)
(41)
Interest expense13
8
5
13
37
26
39
47
60
Interest and dividend revenue13
(34)
(26)
(20)
(42)
(31)
(36)
(29)
(36)
Other revenues14
(141)
(59)
(115)
(197)
(143)
(115)
(207)
(117)
Share of income from equity method investments15
(61)
(145)
(58)
(181)
(110)
(53)
(70)
(199)
Fee-related earnings of equity investment methods at our share15
87
95
106
103
132
153
144
170
Compensation costs recovered from affiliates16
95
34
(8)
137
121
48
67
101
Other adjustments17
1
3
(4)
15
(6)
4
26
18
Fee-Related Earnings (FRE)
$ 644
$ 677
$ 698
$ 676
$ 754
$ 867
$ 772
$ 808
Add: Investment & Other Income (Net of Interest Expense)18
51
52
33
14
(6)
(8)
11
(27)
Add: Equity-Based Compensation Costs18
8
8
14
11
11
8
14
23
Less: Cash taxes19
(84)
(88)
(91)
(88)
(98)
(100)
(95)
(97)
Distributable Earnings (DE)
$ 619
$ 649
$ 654
$ 613
$ 661
$ 767
$ 702
$ 707
Reconciliation of Revenues to Fee Revenues ($Millions)
Q3-24
Q4-24
Q1-25
Q2-25
Q3-25
Q4-25
Q1-26
Q2-26
Base management and advisory fees
$ 768
$ 794
$ 837
$ 815
$ 859
$ 873
$ 860
$ 919
Incentive Fees20
106
106
117
116
116
212
130
128
Fee Revenues from equity method investments21
387
376
400
424
483
517
503
532
Other adjustments22
-
(3)
(13)
(4)
1
(11)
14
8
Total Fee Revenues
$ 1,261
$ 1,273
$ 1,341
$ 1,351
$ 1,459
$ 1,591
$ 1,507
$ 1,587
Old Presentation
Reconciliation of Net Income to Fee-Related Earnings and Distributable Earnings ($Millions)
Last Three Months Ended
Q3-24
Q4-24
Q1-25
Q2-25
Q3-25
Q4-25
Q1-26
Q2-26
Net income
$ 537
$ 680
$ 507
$ 584
$ 692
$ 615
$ 586
$ 1,172
Add or subtract the following:
Provision for taxes9
96
129
75
75
78
299
110
162
Depreciation and amortization10
4
3
3
11
30
24
20
20
Carried interest allocations11
(55)
(29)
(2)
63
(112)
(158)
(112)
(553)
Carried interest allocation compensation11
38
11
146
16
(20)
4
211
51
Other income and expenses12
69
(24)
55
55
97
43
(21)
(41)
Interest expense13
8
5
13
37
26
39
47
60
Interest and dividend revenue13
(34)
(26)
(20)
(42)
(31)
(36)
(29)
(36)
Other revenues14
(141)
(59)
(115)
(197)
(143)
(115)
(207)
(117)
Share of income from equity method investments15
(61)
(145)
(58)
(181)
(110)
(53)
(70)
(199)
Fee-related earnings of equity investment methods at our share15
87
95
106
103
132
153
144
170
Compensation costs recovered from affiliates16
95
34
(8)
137
121
48
67
101
Other adjustments17
1
3
(4)
15
(6)
4
26
18
Fee-Related Earnings (FRE)
$ 644
$ 677
$ 698
$ 676
$ 754
$ 867
$ 772
$ 808
Add: Investment & Other Income (Net of Interest Expense)18
51
52
33
14
(6)
(8)
11
(27)
Add: Equity-Based Compensation Costs18
8
8
14
11
11
8
14
23
Less: Cash taxes19
(84)
(88)
(91)
(88)
(98)
(100)
(95)
(97)
Distributable Earnings (DE)
$ 619
$ 649
$ 654
$ 613
$ 661
$ 767
$ 702
$ 707
Reconciliation of Revenues to Fee Revenues ($Millions)
Q3-24
Q4-24
Q1-25
Q2-25
Q3-25
Q4-25
Q1-26
Q2-26
Base management and advisory fees
$ 768
$ 794
$ 837
$ 815
$ 859
$ 873
$ 860
$ 919
Incentive Fees20
106
106
117
116
116
212
130
128
Fee Revenues from equity method investments21
336
338
359
358
414
438
422
439
Other adjustments22
-
(3)
(13)
(4)
1
(11)
14
8
Total Fee Revenues
$ 1,210
$ 1,235
$ 1,300
$ 1,285
$ 1,390
$ 1,512
$ 1,426
$ 1,494
Change
Reconciliation of Net Income to Fee-Related Earnings and Distributable Earnings ($Millions)
Last Three Months Ended
Q3-24
Q4-24
Q1-25
Q2-25
Q3-25
Q4-25
Q1-26
Q2-26
Net income
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
Add or subtract the following:
Provision for taxes9
-
-
-
-
-
-
-
-
Depreciation and amortization10
-
-
-
-
-
-
-
-
Carried interest allocations11
-
-
-
-
-
-
-
-
Carried interest allocation compensation11
-
-
-
-
-
-
-
-
Other income and expenses12
-
-
-
-
-
-
-
-
Interest expense13
-
-
-
-
-
-
-
-
Interest and dividend revenue13
-
-
-
-
-
-
-
-
Other revenues14
-
-
-
-
-
-
-
-
Share of income from equity method investments15
-
-
-
-
-
-
-
-
Fee-related earnings of equity investment methods at our share15
-
-
-
-
-
-
-
-
Compensation costs recovered from affiliates16
-
-
-
-
-
-
-
-
Other adjustments17
-
-
-
-
-
-
-
-
Fee-Related Earnings (FRE)
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
Add: Investment & Other Income (Net of Interest Expense)18
-
-
-
-
-
-
-
-
Add: Equity-Based Compensation Costs18
-
-
-
-
-
-
-
-
Less: Cash taxes19
-
-
-
-
-
-
-
-
Distributable Earnings (DE)
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
Reconciliation of Revenues to Fee Revenues ($Millions)
Q3-24
Q4-24
Q1-25
Q2-25
Q3-25
Q4-25
Q1-26
Q2-26
Base management and advisory fees
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
Incentive Fees20
-
-
-
-
-
-
-
-
Fee Revenues from equity method investments21
51
38
41
66
69
79
81
93
Other adjustments22
-
-
-
-
-
-
-
-
Total Fee Revenues
$ 51
$ 38
$ 41
$ 66
$ 69
$ 79
$ 81
$ 93
Brookfield Asset Management Ltd. Supplemental Financial Disclosure
Endnotes
FRE DE Summary
1
Non-controlling interest represents the approximately 26% of Oaktree not held by Brookfield for the three months ended Jun 30, 2026 ; includes approximately 26% of Oaktree not held by Brookfield for the twelve months ended March 31, 2026. (Approximately 26% from January 1, 2025 to Jun 30, 2026; approximately 27% from April 1, 2024 to December 31, 2024).
2
FRE Margin at our share is calculated consolidating our share of Oaktree's non-controlling interest revenues and costs.
Credit FBC and Fees
3
Long-Term Opportunistic Credit includes our global opportunistic credit fund series.
4
Long-Term Private Credit includes infrastructure debt, real estate debt, and partner manager closed-end private credit funds.
5
Perpetual Opportunistic Credit includes our value opportunistic fund series.
6
Perpetual Private Credit includes senior mezzanine real estate debt, insurance capital allocated into private credit (SMAs), and Oaktree evergreen private credit funds.
7
Perpetual Liquid Credit includes insurance capital allocated to liquid credit products.
FRE DE Details
8
Other income includes BAM's portion of equity method investments’ realized carried interest, investment income, interest expense and other items.
GAAP to non-GAAP
9
This adjustment removes the impact of income tax provisions on the basis that we do not believe this item reflects the present value of the actual tax obligations that we expect to incur over the long-term due to the substantial deferred tax assets of BAM.
10
This adjustment removes the depreciation and amortization on property, plant and equipment and intangible assets, which are non-cash in nature and therefore excluded from FRE as well as certain capital depreciation costs recharged from BAM's affiliates.
11
These adjustments remove the impact of both unrealized and realized carried interest allocations and the associated compensation expense. Unrealized carried interest allocations and associated compensation expense are non-cash in nature. Carried interest allocations and associated compensation costs are included in Distributable Earnings once realized.
12
This adjustment removes other income and expenses associated with fair value changes for consolidated entities and funds.
13
This adjustment removes interest and charges paid or received by consolidated entities and funds.
14
This adjustment adds back other revenues earned that are non-cash in nature.
15
These adjustments remove our share of equity method investments' earnings, including items 9) to 14) above and include its share of equity method investments' Fee-Related Earnings.
16
This item adds back compensation costs that will be borne by affiliates.
17
This adjustment adds back base management fees earned from funds that are eliminated upon consolidation and other items.
18
This adjustment adds back equity-based compensation and other income associated with BAM’s portion of equity method investments' realized carried interest, investment income and other items.
19
Represents the impact of cash taxes paid by the business.
20
This adjustment adds incentive distributions that are included in fee revenues.
21
This adjustment adds Oaktree management fees at 100% ownership and our proportionate share of partner manager earnings.
22
This adjustment involves base management fees earned from funds that are eliminated upon consolidation and other items.
Brookfield Asset Management Ltd. Supplemental Financial Disclosure
Notice to Readers
Brookfield Asset Management Ltd. ("BAM") is not making any offer or invitation of any kind by communication of this Supplemental Information and under no circumstance is it to be construed as a prospectus or an advertisement. Unless otherwise specified, the information and statements presented in this Supplemental Information reflect balances on a 100% basis for BAM and its subsidiaries (“our asset management business”).
This Supplemental Information contains “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of other relevant securities legislation, including applicable securities laws in Canada, which reflect our current views with respect to, among other things, our operations and financial performance (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, beliefs and assumptions regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies, capital management and outlook of BAM and its subsidiaries, as well as the outlook for North American and international economies for the current fiscal year and subsequent periods, and which are in turn based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. The estimates, beliefs and assumptions of BAM are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Forward-looking statements are typically identified by words such as “target”, “project”, “forecast”, “expect”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, “will”, “may” and “should” and similar expressions. In particular, the forward-looking statements contained in this Supplemental Information include statements referring to the future state of the economy or the securities market, the anticipated allocation and deployment of our capital, our liquidity and ability to access and raise capital, our fundraising targets, our target growth objectives, our target carried interest, and the impact of acquisitions and dispositions on our business.
Although BAM believes that such forward-looking statements are based upon reasonable estimates, beliefs and assumptions, actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to: (i) volatility in the trading price of our class A limited voting shares; (ii) deficiencies in public company financial reporting and disclosures; (iii) the difficulty for investors to effect service of process and enforce judgments in various jurisdictions; (iv) being subjected to numerous laws, rules and regulatory requirements; (v) the potential ineffectiveness of our policies to prevent violations of applicable law; (vi) foreign currency risk and exchange rate fluctuations; (vii) further increases in interest rates; (viii) political instability or changes in government; (ix) unfavorable economic conditions or changes in the industries in which we operate; (x) inflationary pressures; (xi) catastrophic events, such as earthquakes, hurricanes, or pandemics/epidemics; (xii) ineffective management of sustainability considerations, and inadequate or ineffective health and safety programs; (xiii) failure of our information technology systems; (xiv) failure to adopt AI in support of our business objectives (xv) us and our managed assets becoming involved in legal disputes; (xvi) losses not covered by insurance; (xvi) inability to collect on amounts owing to us; (xviii) operating and financial restrictions through covenants in our loan, debt and security agreements; (xix) our ability to maintain our global reputation; (xx) risks related to our infrastructure, energy, private equity, real estate, and credit strategies; (xxi) the impact of poor product development or marketing efforts on fee-bearing capital; (xxii) managing our cash flow and meeting our financial obligations; (xxiii) our acquisitions; (xxiv) requirement of temporary investments and backstop commitments to support our asset management business; (xxv) revenues impacted by a decline in the size or pace of investments made by our managed assets; (xxvi) our earnings growth can vary, which may affect our dividend and the trading price of our class A limited voting shares; (xxvii) exposed risk due to increased amount and type of investment products in our managed assets; (xxviii) information barriers that may give rise to conflicts and risks; (xxix) Brookfield Corporation (“BN”) exercising substantial influence over BAM; (xxx) BN transferring the ownership of BAM to a third party; (xxxi) potential conflicts of interest with BN; (xxxii) difficulty in maintaining our culture or managing our human capital; (xxxiii) United States and Canadian taxation laws and changes thereto and (xxxiv) other factors described from time to time in our documents filed with the securities regulators in the United States and Canada.
We caution that the foregoing list of important factors that may affect future results is not exhaustive and other factors could also adversely affect future results. Readers are urged to consider these risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements, which are based only on information available to us as of the date of this Supplemental Information or such other date specified herein. Except as required by law, BAM undertakes no obligation to publicly update or revise any forward-looking statements, whether written or oral, that may be as a result of new information, future events or otherwise.
STATEMENT REGARDING PAST AND FUTURE PERFORMANCE AND TARGET RETURNS
Past performance is not indicative nor a guarantee of future results. There can be no assurance that comparable results will be achieved in the future, or that future investments or fundraising efforts will be similar to the historic results presented herein (because of economic conditions, the availability of investment opportunities or otherwise).
The target returns set forth herein are for illustrative and informational purposes only and have been presented based on various assumptions made by BAM. in relation to, among other things, the investment strategies being pursued by the funds, any of which may prove to be incorrect. Due to various risks, uncertainties and changes (including changes in economic, operational, political or other circumstances) beyond BAM.’s control, the actual performance of the funds could differ materially from the target returns set forth herein. In addition, industry experts may disagree with the assumptions used in presenting the target returns. No assurance, representation or warranty is made by any person that the target returns will be achieved, and undue reliance should not be put on them. Prior performance is not indicative of future results and there can be no guarantee that the funds will achieve the target returns or be able to avoid losses.
STATEMENT
REGARDING USE OF NON-GAAP MEASURES
We disclose a number
of financial measures in this Supplemental Information that are calculated and presented using methodologies other than in
accordance with U.S. GAAP, as issued by the International Accounting Standards Board, including, but not limited to, Fee Revenues,
Fee-Related Earnings and Distributable Earnings. Supplemental financial measures include Assets Under Management, Fee-Bearing
Capital and Uncalled Fund Commitments. We utilize these measures in managing the business, including for performance measurement,
capital allocation and valuation purposes and believe that providing these performance measures on a supplemental basis to our U.S.
GAAP results is helpful to investors in assessing the overall performance of our businesses. These non-GAAP measures have
limitations as analytical tools and should not be considered as the sole measure of our performance and should not be
considered in isolation from, or as a substitute for, similar financial measures calculated in accordance with U.S. GAAP. We caution
readers that these non-GAAP financial measures or other financial metrics may differ from the calculations disclosed by other
businesses and, as a result, may not be comparable to similar measures presented by other issuers and entities.
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Filename: R1.htm · Sequence: 7
v3.26.3
Cover
Sep. 28, 2026
Cover [Abstract]
Document Type
8-K
Amendment Flag
false
Document Period End Date
Sep. 28, 2026
Entity File Number
001-41563
Entity Registrant Name
Brookfield Asset Management Ltd.
Entity Central Index Key
0001937926
Entity Tax Identification Number
98-1702516
Entity Incorporation, State or Country Code
A1
Entity Address, Address Line One
Brookfield Place
Entity Address, Address Line Two
225 Liberty Street, 8th Floor
Entity Address, City or Town
New
York
Entity Address, State or Province
NY
Entity Address, Postal Zip Code
10281-1048
City Area Code
212
Local Phone Number
417-7000
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Title of 12(b) Security
Class A Limited Voting Shares
Trading Symbol
BAM
Security Exchange Name
NYSE
Entity Emerging Growth Company
false
X
- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details
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Namespace Prefix:
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X
- Definition
Area code of city
+ References
No definition available.
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Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
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Period Type:
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X
- Definition
Cover page.
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No definition available.
+ Details
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Namespace Prefix:
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Data Type:
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Period Type:
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- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
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Name:
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Namespace Prefix:
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Data Type:
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Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
dei_
Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
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No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 2 such as Street or Suite number
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine2
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the City or Town
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No definition available.
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Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
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No definition available.
+ Details
Name:
dei_EntityAddressPostalZipCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
Name:
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Namespace Prefix:
dei_
Data Type:
dei:stateOrProvinceItemType
Balance Type:
na
Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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Namespace Prefix:
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Balance Type:
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Period Type:
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- Definition
Indicate if registrant meets the emerging growth company criteria.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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Namespace Prefix:
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X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
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Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
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Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
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Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
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Namespace Prefix:
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Data Type:
xbrli:booleanItemType
Balance Type:
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Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
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Namespace Prefix:
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Data Type:
xbrli:booleanItemType
Balance Type:
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Period Type:
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X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
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Namespace Prefix:
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Balance Type:
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Period Type:
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X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
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Name:
dei_SecurityExchangeName
Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
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Namespace Prefix:
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Data Type:
xbrli:booleanItemType
Balance Type:
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Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
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Period Type:
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