The Fund appreciated less than 1% during the third quarter, bringing YTD returns to approximately +13%. Please check your statements as returns will vary slightly by share class, etc. The Russell 2000, which represents market cap companies more likely to be found in our portfolio, declined -2.4% and the S&P 500, which represents larger market cap companies gained +1.7%. Ultimately, I want to be judged on our long-term absolute returns, not relative returns on a short-term basis.