limit broad transparency are: 1. Where the information is of a private, personal, or confidential nature and doesn’t meaningfully impact the community at large. 2. Where sharing and managing such information puts the long-term interests of the Bridgewater community, its clients, and our ability to uphold our principles at risk (for instance, our proprietary investment logic or a legal dispute). 3. Where the value of sharing the information broadly with the community is very low and the distraction it would cause would be significant (compensation, for instance).