Discussed w/ @CarlQuintanilla@SaraEisen R2K -2% YTD & near lows on 3/23/23 post SVB failure. Good risk/reward. ~20% of rev from outside US vs ~30% for S&P & 53% for Magnificent 7 w/ $USD +7% since mid-July. Tail risk is another financial disaster w/ 10yr +129 bps since 3/23.