From a credit standpoint, we have seen that financials post strong results given the circumstances. We saw capital and excess capital ratios actually increase during 2020. This means that we have strong visibility of the income on our securities. Moreover, we believe financials should be able to remain resilient even in a prolonged Covid-19 scenario, especially as fiscal policy is expected to remain accommodative. Additionally, due to our exposure to fixed-to-floaters and floaters, we are well-positioned for a period of rising rates. At the same time, we are capturing spreads of around 330 bps within the subordinated debt of financials. Unlike in other parts of bond market where spreads are near historical lows, valuations on subordinated debt of financials remain attractive and are significantly wider than pre-Covid-19. To summarise, our outlook remains positive, as the credit quality of the companies we hold remains strong. This ensures visibility of high income within the current low interest rate environment. At the same time, we have a low sensitivity to interest rates. Finally, valuations remain wider than pre-Covid-19 levels, and therefore the fund should benefit from potential price appreciation.