efa is a specialized financial services company that has been providing comprehensive fund administration and institutional services since its establishment in 1996 in Luxembourg. Our range of services has expanded far beyond fund administration, and we are now a market leader in providing tailor-made financial products and services. Among others, efa's services include fund administration, investor services, and regulatory and compliance services. As a result, efa provides a central and independent positioning in the fund value chain, connecting all the major players in the industry. In 2022, Universal Investment Group acquired efa, a sign of the company's success and reputation as a trusted and reliable partner in the financial services industry. We are committed to innovation and continuously develops new products and services by closely monitoring market and regulatory trends. We do this in an open architecture approach for investment funds and other investment vehicles, as well as providing specialized institutional services. Quality is their top priority, which is why all employees are based in Luxembourg, except for efa France, based in Paris and efa Sweden, based in Stockholm.