Welcome back, John.

Attaching the Q4 statements for the trust accounts. Would appreciate your view on the muni ladder before our review next week.

Confirming we're good to proceed with the proposed rebalance. Please send the final trade ticket for signature today.

Engagement letter is countersigned and uploaded to the vault. Let me know the next steps for KYC and onboarding.

Sharing the agenda for tomorrow's rebalance call. Want to spend most of the time on the alts sleeve and 2026 tax positioning.

Following up on our proposal for the private credit sleeve. Happy to revise terms once you've had a chance to review with the committee.

Counsel suggested we revisit the SLAT structure ahead of the 2026 sunset. Could we schedule 30 minutes to align on a timeline?

Accounting asked whether we can move to net-45 for the remainder of the term. Invoice 4471 is queued either way — just want to confirm.