TCW Global Real Estate Fund, I Share Class, (the “Fund”) generated a return of -11.75% (net of fees) during the quarter, underperforming the S&P Global REIT Index gain of -8.78%.

Thank you, operator. Good afternoon, and thank you for joining us on today's earnings conference call and webcast to discuss Penguin Solutions' second quarter fiscal 2025 results. On the call today ...

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