Mara Dobrescu: The results of the pan-European Awards for Investing Excellence 2020 are in, and this year, we're taking a slightly different approach. We're announcing the winners across our websites. For the Rising Talent Award our European analysts have taken a hard look at up and coming portfolio managers who may have a somewhat shorter tenure, but over that period have demonstrated excellent investment skills, the courage to differ from the consensus and the strong alignment of interest with fundholders. Now, after a thorough debate between our analysts, we have voted and elected Lorenzo Pagani as the winner of the Rising Talent Award. Lorenzo has built an impressive track record on PIMCO GIS Euro Bond by leveraging an extensive set of performance drivers while at the same time controlling risk.