Tim Buckley: Sarah, we have been speaking a ton about money and companies needing to keep additional money. I’m certain there are a lot folks out there questioning how do we handle their money? And you’re responsible for our taxable funds marketplaces, so why really do not you share how we conservatively handle their money.
Sara Devereux: That’s appropriate. So as you know, we have a pretty conservative system when it arrives to our funds marketplace cash. First of all, the liquidity ratios that are expected by regulators, we are nicely in excessive of these ratios. Moreover, we have a pretty conservative tactic with asset collection. Inside of our Prime Fund, for instance, practically 50% of our property are governing administration securities.
Tim: If you want to get to all government…so if you genuinely want the belt and suspenders tactic, there’s usually Federal and Treasury, appropriate?
Sara: That’s appropriate.