Thomas Robert Donahue - Chief Financial Officer, Vice president, Treasurer, President of FII Holdings Inc and President of Federated Investors Management Company Deborah A. Cunningham - Chief Investment Officer of Taxable Money Markets, Senior Vice President and Senior Portfolio Manager Analysts Kenneth B. Worthington - JP Morgan Chase & Co, Research Division James Howley Michael S. Kim - Sandler O'Neill + Partners, L.P., Research Division William R. Katz - Citigroup Inc, Research Division Cynthia Mayer - BofA Merrill Lynch, Research Division Matthew Kelley - Morgan Stanley, Research Division Bulent S. Ozcan - RBC Capital Markets, LLC, Research Division Greggory Warren - Morningstar Inc., Research Division Marc S. Irizarry - Goldman Sachs Group Inc., Research Division Roger A. Freeman - Barclays Capital, Research Division Robert Lee - Keefe, Bruyette, & Woods, Inc., Research Division Edwin G. Groshans - Height Analytics, LLC PresentationOperator Greetings, and welcome to the Federated Investors Management Company Second Quarter 2012 Analyst Call and Webcast. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Raymond J. Hanley, President of Federated Investors Management Company. Thank you. Sir, you may begin. Ray Hanley Good morning and welcome. Today, we plan some brief remarks before opening up for your questions. Leading today's call will be Chris Donahue, Federated CEO; and Tom Donahue, Chief Financial Officer.