We are pleased to lift our suspension on the PIMCO Global Libor Plus Bond fund. We have now met with the fund's new co-manager, Nidhi Nakra, and we believe that the mixture of experience and geographies amongst the fund's management team works well. This team should continue to provide investors with a robust combination of macroeconomic nouse and credit expertise and we are confident that the changes to the fund's management team should not affect its ability to meet its objectives in the future.