missing only three board meeting and this has been your life and i know you are going to go onto beinger and better thing but i did some back calculations here and that is, you know over 70 -- what is it 73 days of your life have been spent in board meetings here in this champ better yourself and just alone in public comment if you take averaging generally speaking it's over 500 hours in public comment and that is 20 days of your life have been in public comment and so i can't wait to see you in public comment at the next board immediate peating and i know you are not going to be there and so i was looking through and found some old pictures and so i put an old deck here but jest i don't know if you can put pull it up on the screen here but -- i don't know if ughs you guys can pull it up ... i don't know if it needs to be sensorred we will see. it's probably too late at this point. all right so a few things learned from my perspective sean was somebody who supported him earlier on and sean was certainly a big mentor to me burg the process but thereby a number of thing that i have learned

sarah, thank you so much for beinger here. >> thank you so much. ashley: okay.two funds, the focus is on international and emerging markets. what kind of trends are we seeing in that space? >> well, in our world we like looking at currency trends, interest rate trends and credit trends, so in the interest rate space it's pretty steady as she goes. there's no massive inflation anywhere, so no central bank is really doing anything. currencies might start giving us a kick toward the end of the year when we get more global growth. credit is pretty much awesome. ashley: okay. so what are some of the ig -- the biggest challenges facing emerging markets the year? >> well, truly the developed markets. so the fact that germany and the group that's been fighting in europe over the prospects of debt there has contributed a lot of slow growth. china's had a tough time, emerging markets export to these countries and have had a harder time selling their products. ashley: okay. so you focus on three big asset classes. what are they? let's start with the first one, the southern