The TCW Group, Inc.

And when you own all you know, when you own a bunch of bond funds, they're comprised of all of these different fixed income securities and they have to mark to market the value of those securities in the overall value of that open ended mutual fund.

And so like the portfolio I saw this week, You know, it was laden with all of these different, very widely owned, uh, open-ended mutual funds, PIMCO, total return, double-line income solutions, TCW, strategic income.

Usually when you're looking through the list of your portfolio holdings and in the fixed income, it says income, you know, those fixed income managers have a mandate to try to create income.

And the way that they were creating income is by reaching out and taking more time risk.