A comparative slide with two graphs. The first graph shows 'High yield loans vs. US HY bond, trailing 12m total return,' comparing two line trends. The second graph 'Warming up to emerging market debt as yield premia increase,' compares 'EM USD Agg yield' and 'EM USD HY yield' with a dual-axis for yield percentage and timeline. The slide uses shades of purple and green to distinguish different data sets.