The global pandemic has accelerated growth in certain sectors and industries such as digital payments, e-commerce, data centers, telemedicine and video gaming, with disruption timelines shortening. This trend is positive for our active Emerging Markets Equity Strategy, as we have always been forward-looking, focused on many of these structural growth areas. As a result, we currently see that positive prospects for many of our portfolio companies actually accelerated. It is important to note that as COVID-19 unfolded, significant market turbulence disproportionately affected small- and mid-cap stocks in emerging markets, as is often the case in