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Shareholder letters
Archive of shareholder letters.
Letter to Shareholders – June 2024
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pdf 2 MB
Letter to Shareholders – June 2023
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pdf 4 MB
Letter to Shareholders – June 2022
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pdf 2 MB
Letter to Shareholders – June 2021
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pdf 2 MB
Letter to Shareholders – June 2020
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pdf 2 MB
Letter to Shareholders – July 2019
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pdf 1 MB
Letter to Shareholders – June 2018
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pdf 1 MB
Letter to Shareholders – June 2017
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pdf 1 MB
Letter to Shareholders – June 2016
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pdf 378 KB
Letter to Shareholders – April 2016
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pdf 57 KB
Letter to Shareholders – June 2015
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pdf 513 KB