Are you still seeing it? Are you seeing any structural changes happening?

Yeah, I mean, I think I'd say a couple of things.

So first about the firm, we're $250 billion.

We have a $35 billion, very high performing equity platform.

Probably doesn't get enough credit, which is also changing a lot.

The rest is in fixed income, about $50 billion in munis.

The rest is in really credit.

But how did you manage Lord Abbott through these complex market environments? And what were some of the biggest lessons you learned?