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Hi, and welcome to the Longview. I'm Jeff Battack Global Director of Manager Research for Morningstar Research Services.

And I'm Christine Ben's Director of Personal Finance for Morningstar. Our guest this week are Michael Reckmeyer and Matthew Hand.

Mike and Matt are managing directors at Wellington Management, where they oversee a number of prominent value investing mandates, including the stock sleeve of Vanguard Wellesley

income fund, as well as Wellington's portion of Vanguard Equity Income Fund, among other duties.

Mike's investing career began in 1984 at the State of Michigan Pension Fund, followed by eight

years at Kemper Financial Services, after which he joined Wellington in 1994.

He received both his bachelor's degree and MBA from the University of Wisconsin-Madison

and is a CFA charter holder. Matt joined Wellington in 2004 after graduating from the University

of Pennsylvania. Like Mike, Matt is also a CFA charter holder.

Mike and Matt, welcome to the Longview.

Good here, thanks.

Thank you for your time today.

So we don't usually get started with biographical

or organizational details,

but in this case, it might be helpful to do so as Wellington.

Is it going to be quite as familiar to some of our listeners

...