Christine Benz: Hi, I'm Christine Benz from Morningstar. We devote a lot of attention to mutual funds that have received upgrades in their Medalist ratings, but we spend a little bit less time on the downgrades. Joining me to shed some light on some mutual funds that have recently been downgraded and what investors can take away from the downgrades is Russ Kinnel. He's Morningstar's director of manager research.
Russ, thank you so much for being here.