%-6.5% • Philippine growth unexpectedly grew 7.1% last quarter (fastest pace since 2010) Leading European Sectors: Food/Bev +0.09%, Retail +0.08%, Autos/Parts +0.03% Lagging European Sectors: Banks -0.95%, Basic Res -0.77%, Construction -0.47% TNGO $20M buyback — LOJN resumes buyback — CFI 50c special div UTI p