Do you wanna start us off and just give us your sort of, you know, thoughts on sort of, you know, France's warm-up, how they're looking, how you're feeling about them, and, and yeah, any- anything else on there?

They're looking great.

They are looking...

They are-- I think you've summed it up.

I think they're the team to beat in this competition.

And you know what? I didn't think that six months ago.

I kind of was going along a little bit with Spain.

W- Do you have any issues or sort of with squad selection that he's done there? Do you think he's left some people at home that he shouldn't have, or, or how are you thinking about that?

So can you explain to me a little bit how that relationship is working and why, you know, why are some of these trusts still on a discount? Why are people sometimes favoring these open-ended versions when you are getting these better returns from the trust?

Yeah.

That's a great question, or actually great two questions.

So i- if I take the one about, um [laughs] the net asset value, and this, it's a little bit technical, but I think you're right.

It's worth trying to understand this.

So you, you can look at the investment trust performance in, in two ways.

You can look at the share price return, which is what we did, uh, for this research.

And can you give us an, an example of, like, some of the names that people might recognize that are in this group?