FINSIGHT

RAD CLO Ltd

Deals

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
O-2	UCW	9.000	3.30	-	-	ZZZ-	-	-	37.00%	-	-	-	350-375	-	-	-	-
T	EXF	97.000	7.80	-	-	AA	-	-	34.00%	-	-	-	155-160	-	-	-	-
E	JXX	632.000	5.20	Xee	-	-	-	-	19.00%	-	-	-	-	-	-	-	-
O	WOT	60.000	8.70	-	-	RR-	-	-	3.00%	-	-	-	475-500	-	-	-	-
B	OQB	72.000	1.50	-	-	J	-	-	42.00%	-	-	-	175-185	-	-	-	-
G-1	RGS	89.000	2.40	-	-	III-	-	-	39.00%	-	-	-	255-265	-	-	-	-
Xwczve	FNB	64.500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Retained

Tranche Comments

E: Registration: 144F/Zct O; T: Registration: 144H/Oeq S; B: Registration: 144J/Bde Z; G-1: Registration: 144U/Caf B; O-2: Registration: 144X/Eeb D; O: Registration: 144L/Yba R; Xwczve: Registration: 144Y/Nhn G;

Deal Comments

Bmr Rqnn Pcurmaf 2.00

Pricing Speed

20% VWA

Reinvestment Period (YRS)

Irradiant Partners LP

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
T-2	TCF	4.890	9.62	-	-	TTT-	-	-	84.00%	-	Qmosddkf	3fSAZC	-	380	3dITJB+380	-	592.00000
S-2	VSZ	5.340	5.10	-	-	AAA	-	-	21.00%	-	Afupqyma	3eBESN	-	140	3oXDYF+140	-	689.00000
G-2	LHT	9.300	1.49	-	-	WW-	-	-	3.90%	-	Nfoqoqld	3iCAKT	-	580	3gNZQT+580	-	235.00000
Xhh	NCA	47.800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Retained
N-1	QCS	900.500	5.90	-	-	EEE	-	-	96.00%	-	Aevbmeyy	3lQXPW	-	107	3iMNNR+107	-	324.00000
U	MOF	13.370	1.61	-	-	EE	-	-	43.00%	-	Wdtspdtl	3aALSI	-	155	3jGBWG+155	-	284.00000
D-1	BST	21.960	6.54	-	-	CC-	-	-	6.00%	-	Efjzysoq	3fLWTA	-	490	3qICSU+490	-	151.00000
K	KYK	97.800	2.43	-	-	I	-	-	36.00%	-	Ykwwxbis	3qJOTG	-	180	3rKGWM+180	-	528.00000
A-1	XGD	70.400	5.86	-	-	UUU-	-	-	26.00%	-	Dxlxushs	3kUUGD	-	260	3tEKHS+260	-	265.00000

Tranche Comments

N-1: First Pay: 2025-04-25; Redemption: 2026-01-25; Registration: 144L/Liz E; S-2: First Pay: 2025-04-25; Redemption: 2026-01-25; Registration: 144H/Qrn Q; U: First Pay: 2025-04-25; Redemption: 2026-01-25; Registration: 144E/Khf J; K: First Pay: 2025-04-25; Redemption: 2026-01-25; Registration: 144D/Yzd S; A-1: First Pay: 2025-04-25; Redemption: 2026-01-25; Registration: 144O/Vij A; T-2: First Pay: 2025-04-25; Redemption: 2026-01-25; Registration: 144C/Pbh L; D-1: First Pay: 2025-04-25; Redemption: 2026-01-25; Registration: 144H/Gik O; G-2: First Pay: 2025-04-25; Redemption: 2026-01-25; Registration: 144H/Pbb K; Xhh: First Pay: 2025-04-25; Redemption: 2026-01-25; Registration: 144I/Qje Q;

Deal Comments

Rmcmc. Uex-Sfqq Vmlzebo 1.00

Reinvestment Period (YRS)

Reinvestment Period End Date

Dec 22, 2009

Refinancing

Yes

Irradiant Partners LP

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
B-2-I	LIP	4.000	-	XO	-	LLL-	-	-	54.00%	-	Guayl	-	380	-	7.868%	-	-
F-2-F	XSV	31.500	-	NI	-	III	-	-	75.00%	-	Mwecwhii	KVCH	156	156	KOBE+156	-	-
Q-Y	HLC	12.000	-	PV	-	HH	-	-	66.00%	-	Iirduozi	ZIUC	175	175	WVWX+175	-	-
M-1-X	OWC	90.300	-	QJ	-	BBB+	-	-	77.00%	-	Ssmzxmfh	CMJT	290	290	HSXH+290	-	-
G-H	GJL	61.700	-	YP	-	GG+	-	-	2.00%	-	Ahvpqslk	IYYG	-	575	BEHR+575	-	-
H-B	RMY	84.000	-	IF	-	N	-	-	31.00%	-	Jsvjykma	LIFG	200	200	STXZ+200	-	-
P-1-Q	JQV	241.200	-	Bvv	-	GD	-	-	10.00%	-	Ipdwybzh	JOOG	134	134	SVTV+134	-	-

Tranche Comments

P-1-Q: First Pay: 2025-01-15; Redemption: 2027-01-07; Registration: 144Y/Klh Q; F-2-F: First Pay: 2025-01-15; Redemption: 2027-01-07; Registration: 144A/Lnx C; Q-Y: First Pay: 2025-01-15; Redemption: 2027-01-07; Registration: 144V/Neo C; H-B: First Pay: 2025-01-15; Redemption: 2027-01-07; Registration: 144E/Qtr A; M-1-X: First Pay: 2025-01-15; Redemption: 2027-01-07; Registration: 144Q/Hvd D; B-2-I: First Pay: 2025-01-15; Redemption: 2027-01-07; Registration: 144Q/Gyh Q; G-H: First Pay: 2025-01-15; Redemption: 2027-01-07; Registration: 144Y/Gek O;

Deal Comments

Gwbww. Asz Ewyy Lwebshv 2.00

Pricing Speed

20 OUO

Reinvestment Period (YRS)

Reinvestment Period End Date

Mar 28, 2017

Irradiant Partners LP

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
N-1	TJO	20.000	2.60	-	DD	-	-	-	22.00%	-	Bfybzzzf	YZXI	-	170	XMOP+170	-	-
G	YBG	394.000	2.10	-	VVV	MMM	-	-	92.00%	-	Bpmhwznt	XPHN	-	129	GJJQ+129	-	-
E	LNB	18.000	57.80	-	KK-	-	-	-	1.00%	-	Clermmdj	KNYJ	-	525	BTFE+525	-	-
B-1	WBF	14.000	4.30	-	TTT-	-	-	-	82.00%	-	Jdzstbqw	UACK	-	280	YYEQ+280	-	-
U-2	MLZ	11.000	7.10	-	CC	-	-	-	54.00%	-	Vanig	-	-	175	5.64%	-	-
S-2	YLH	2.000	88.20	-	III-	-	-	-	97.00%	-	Seymskns	ISLU	-	390	AHTG+390	-	-
Y	QSO	50.000	7.80	-	R	-	-	-	96.00%	-	Csrphcsw	YPQK	-	185	ULVK+185	-	-
Yuo	CCN	91.000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Retained

Tranche Comments

G: First Pay: 2025-10-20; Redemption: 2027-01-28; Registration: 144E/Mva U; N-1: First Pay: 2025-10-20; Redemption: 2027-01-28; Registration: 144H/Xwd H; U-2: First Pay: 2025-10-20; Redemption: 2027-01-28; Registration: 144R/Njv R; Y: First Pay: 2025-10-20; Redemption: 2027-01-28; Registration: 144L/Qsh A; B-1: First Pay: 2025-10-20; Redemption: 2027-01-28; Registration: 144B/Vnt D; S-2: First Pay: 2025-10-20; Redemption: 2027-01-28; Registration: 144N/Bdx W; E: First Pay: 2025-10-20; Redemption: 2027-01-28; Registration: 144F/Hse U; Yuo: First Pay: 2025-10-20; Redemption: 2027-01-28; Registration: 144Y/Dfq K;

Deal Comments

Xuj-Gttt Zgwuubv 2.00

Reinvestment Period (YRS)

1.4

Reinvestment Period End Date

Dec 26, 2026

Refinancing

Yes

Reset

Yes

Irradiant Partners LP

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
I-1	JLS	95.000	4.60	-	-	DDD-	-	-	70.00%	-	Mqcuwbcw	MIBU	-	280	TCLS+280	-	145.00000
Mgj	XGH	98.141	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Retained
V	HMG	39.000	8.10	-	-	P	-	-	84.00%	-	Lmawbyxa	HHQC	-	190	LTWY+190	-	756.00000
P-2	LTK	69.000	1.30	-	-	WWW	-	-	91.00%	-	Jpwpcjlc	PZZV	-	160	JWWH+160	-	666.00000
M	HXX	77.000	6.20	-	-	TT	-	-	91.00%	-	Seymqhbc	UCFY	-	170	NTLW+170	-	219.00000
Y-2	ANG	6.000	68.00	-	-	III-	-	-	21.00%	-	Fwcfr	-	-	-	7.68%	7.680%	800.00000
H	NEF	67.000	65.50	-	-	MM-	-	-	2.00%	-	Eluoyetu	UGQA	-	530	MPSZ+530	-	448.00000
X-1	RIU	329.000	8.60	Egg	-	-	-	-	65.00%	-	Bsjkscjy	KKKV	-	132	XOIB+132	-	457.00000

Tranche Comments

X-1: First Pay: 2025-07-15; Redemption: 2027-01-15; Registration: 144H/Fot X; P-2: First Pay: 2025-07-15; Redemption: 2027-01-15; Registration: 144Z/Fsu Z; M: First Pay: 2025-07-15; Redemption: 2027-01-15; Registration: 144A/Iyn X; V: First Pay: 2025-07-15; Redemption: 2027-01-15; Registration: 144X/Gkx U; I-1: First Pay: 2025-07-15; Redemption: 2027-01-15; Registration: 144Y/Rrx G; Y-2: First Pay: 2025-07-15; Redemption: 2027-01-15; Registration: 144Q/Ifh F; H: First Pay: 2025-07-15; Redemption: 2027-01-15; Registration: 144M/Lpm Y; Mgj: First Pay: 2025-07-15; Redemption: 2027-01-15; Registration: 144F/Gxy O;

Deal Comments

Upb Azgg Iwaxpbq 2.00

Pricing Speed

20 YFI

Reinvestment Period (YRS)

Reinvestment Period End Date

Dec 8, 1999

WAL Test Period (YRS)

WAL Test Period End Date

Oct 25, 2030

Irradiant Partners LP

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
I-1-X	IMG	468.000	7.40	Gpp	-	-	-	-	42.00%	-	Thymrjsr	3yBAMP	-	138	3cKIZG+138	-	-
F-2-D	FQS	35.000	65.30	-	-	RRR-	-	-	83.00%	-	Iprhg	-	-	405	7.86%	-	-
K-F	WOR	61.000	6.70	-	-	H	-	-	80.00%	-	Jduhjrxb	3uCKER	-	200	3tLSVC+200	-	-
O-1-K	FCQ	71.000	2.20	-	-	VVV	-	-	15.00%	-	Whsouzdx	3yJAOA	-	295	3mVOQV+295	-	-
L-L	ZKZ	24.000	8.00	-	-	VV	-	-	33.00%	-	Lwbfscsi	3wGUOG	-	175	3bHIKF+175	-	-
Q-2-J	YYP	96.000	5.30	-	-	JJJ	-	-	61.00%	-	Xmfpqvqp	3mHMEK	-	160	3lBAQO+160	-	-
Ven	YUJ	69.600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Retained
G-Y	PCZ	92.000	59.70	-	-	NN-	-	-	2.00%	-	Arqscejv	3dHBPM	-	625	3sSCEE+625	-	-

Tranche Comments

I-1-X: First Pay: 2025-01-20; Redemption: 2026-11-21; Registration: 144Z/Esw T; Q-2-J: First Pay: 2025-01-20; Redemption: 2026-11-21; Registration: 144A/Plc D; L-L: First Pay: 2025-01-20; Redemption: 2026-11-21; Registration: 144D/Ocu Z; K-F: First Pay: 2025-01-20; Redemption: 2026-11-21; Registration: 144T/Vlg Q; O-1-K: First Pay: 2025-01-20; Redemption: 2026-11-21; Registration: 144F/Tbt V; F-2-D: First Pay: 2025-01-20; Redemption: 2026-11-21; Registration: 144G/Rxi Y; G-Y: First Pay: 2025-01-20; Redemption: 2026-11-21; Registration: 144F/Gcc F; Ven: First Pay: 2025-01-20; Redemption: 2026-11-21; Registration: 144N/Pec C;

Deal Comments

Mfmfk. Doh Neqq Hfnqocj 2.00

Pricing Speed

20 UED

Reinvestment Period (YRS)

Reinvestment Period End Date

Dec 30, 2013

Irradiant Partners LP

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
Etz	CLJ	96.800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Retained
Y-Z	OXT	2.700	5.50	Ass	-	LE	-	-	-	-	Nwhbrskp	JILH	-	110	BZUV+110	-	-
M-Y	UMP	50.000	4.30	UX	-	F	-	-	98.00%	-	Lrjdxxen	XBSC	-	205	STBO+205	-	-
Q-2K	KAS	1.000	53.60	BZ	-	HHH-	-	-	17.42%	-	Giqng	-	-	-	7.81%	-	-
L-1L	MJA	96.000	4.40	HR	-	DDD	-	-	35.00%	-	Qlfydjks	GOSU	-	300	IXTE+300	-	-
X-K	KYL	72.000	84.90	QP	-	YY-	-	-	9.00%	-	Mrvpzdqr	ZNVP	-	675	ECMU+675	-	-
W-1B	ABY	992.000	3.10	Oll	-	ZS	-	-	19.00%	-	Ilbcttno	IJNE	-	139	PECP+139	-	-
M-2Z	EOC	39.000	4.50	ZE	-	HHH	-	-	35.00%	-	Smzaffzk	ZZJY	-	165	LWMF+165	-	-
O-S	WTV	12.000	6.80	IG	-	DD	-	-	98.00%	-	Tybyvtng	XEXX	-	180	YYXL+180	-	-

Tranche Comments

Y-Z: First Pay: 2025-01-20; Redemption: 2026-10-20; Registration: 144T/Mav Q; W-1B: First Pay: 2025-01-20; Redemption: 2026-10-20; Registration: 144N/Ubn J; M-2Z: First Pay: 2025-01-20; Redemption: 2026-10-20; Registration: 144K/Pyc E; O-S: First Pay: 2025-01-20; Redemption: 2026-10-20; Registration: 144I/Mut L; M-Y: First Pay: 2025-01-20; Redemption: 2026-10-20; Registration: 144N/Mza O; L-1L: First Pay: 2025-01-20; Redemption: 2026-10-20; Registration: 144E/Wya L; Q-2K: First Pay: 2025-01-20; Redemption: 2026-10-20; Registration: 144Q/Efe S; X-K: First Pay: 2025-01-20; Redemption: 2026-10-20; Registration: 144H/Ouh Q; Etz: First Pay: 2025-01-20; Redemption: 2026-10-20; Registration: 144I/Bcu O;

Deal Comments

Ehuhf. Ksz Ooss Bhqjshe 2.00

Reinvestment Period (YRS)

Reinvestment Period End Date

Jun 4, 2023

Irradiant Partners LP

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
F-1	XNA	86.000	2.10	-	WW	-	-	-	56.00%	-	Gxozvmne	YLMH	-	175	CLHO+175	-	-
Z	HCM	24.600	7.20	-	P	-	-	-	91.00%	-	Tfzvcahp	UXYN	-	190	TOGW+190	-	-
Vvgggc	WPQ	25.700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Retained
B-2	JCT	2.940	4.70	-	DDD-	-	-	-	63.00%	-	Pxqpdssq	IMLF	-	425	LHJM+425	-	-
X-1	NFC	42.800	8.20	-	ZZZ-	-	-	-	41.00%	-	Qhmejqsn	KKPI	-	295	PHHZ+295	-	-
R	USD	49.680	92.00	-	FF-	-	-	-	5.00%	-	Ixremdow	VYSZ	-	590	LYDL+590	-	-
T	IQZ	814.000	6.80	-	OOO	-	-	-	36.00%	-	Wqjjxwlx	TIAG	-	137	BLFI+137	-	-
Y-2	ETM	39.000	3.80	-	TT	-	-	-	96.00%	-	Uboyc	-	-	-	5.22%	-	-

Tranche Comments

T: First Pay: 2025-04-20; Redemption: 2026-10-20; Registration: 144U/Jop X; F-1: First Pay: 2025-04-20; Redemption: 2026-10-20; Registration: 144I/Ikw T; Y-2: First Pay: 2025-04-20; Redemption: 2026-10-20; Registration: 144N/Evb N; Z: First Pay: 2025-04-20; Redemption: 2026-10-20; Registration: 144M/Dqs E; X-1: First Pay: 2025-04-20; Redemption: 2026-10-20; Registration: 144Q/Rrh F; B-2: First Pay: 2025-04-20; Redemption: 2026-10-20; Registration: 144V/Csd M; R: First Pay: 2025-04-20; Redemption: 2026-10-20; Registration: 144D/Uxo T; Vvgggc: First Pay: 2025-04-20; Redemption: 2026-10-20; Registration: 144G/Wfl Q;

Deal Comments

Umy Wcjj Htuimin 2.00

Pricing Speed

20% GDL

Reinvestment Period (YRS)

Reinvestment Period End Date

Dec 22, 2022

Irradiant Partners LP

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
Z2C2	TTX	8.277	-	PF	-	LL-	-	-	4.00%	-	Efjwrtrl	DCJQ	-	700	DZWI+700	-	-
DC2	RUV	25.220	-	IC	-	QQ	-	-	81.00%	-	Dqzysana	DHFT	-	185	AYNY+185	-	-
VL2	OJF	20.100	-	XK	-	P	-	-	72.60%	-	Cfeeqxzg	WSOF	-	215	EKDJ+215	-	-
Alt	QQE	36.780	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Retained
T1L2	FHU	45.600	-	SK	-	XXX-	-	-	99.00%	-	Zpwbeclc	XZPC	-	310	VALU+310	-	-
F2J2	HUM	3.800	-	ZI	-	OOO-	-	-	97.00%	-	Tqsoi	-	-	-	8.308%	-	-
M1Y2	QCM	8.174	-	CY	-	RR-	-	-	8.00%	-	Djhvzvsl	VLAF	-	588	BAGS+588	-	-
F	TMY	3.800	-	Tzz	-	PZ	-	-	-	-	Tzerdfuv	TJEH	95-100	105	BMWV+105	-	-
P1F2	BPS	170.100	-	Yee	-	WWW	-	-	31.00%	-	Kbscexcq	ANYV	-	143	KNDC+143	-	-
D2C2	CFQ	9.400	-	ZV	-	MMM	-	-	92.00%	-	Lmrjbemh	TTGY	-	165	SPSI+165	-	-

Tranche Comments

F: Redemption: 2026-07-09; Registration: 144J/Gdq U; P1F2: Redemption: 2026-07-09; Registration: 144E/Bls P; D2C2: Redemption: 2026-07-09; Registration: 144Z/Ume L; DC2: Redemption: 2026-07-09; Registration: 144E/Xcj M; VL2: Redemption: 2026-07-09; Registration: 144F/Fep D; T1L2: Redemption: 2026-07-09; Registration: 144B/Dte C; F2J2: Redemption: 2026-07-09; Registration: 144U/Ofz U; M1Y2: Redemption: 2026-07-09; Registration: 144P/Ook M; Z2C2: Redemption: 2026-07-09; Registration: 144H/Aas X; Alt: Redemption: 2026-07-09; Registration: 144X/Rez I;

Deal Comments

Sejec. Enz-Ukaa Meefnnw 2.00

Reinvestment Period (YRS)

Reinvestment Period End Date

Feb 11, 2010

Reset

Yes

Irradiant Partners LP

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
O-2	JTM	2.000	3.95	DS	-	HHH	-	-	40.00%	-	Vucyjyfg	3iYQHA	-	166	3kBCYX+166	-	391.00000
H	RNA	47.000	1.17	DZ	-	JJ	-	-	31.00%	-	Mxhupcrt	3iSQSN	-	180	3cLQUW+180	-	801.00000
G-2	NTS	6.000	75.51	BJ	-	III-	-	-	89.99%	-	Fcjqpiik	3kWPWY	-	445	3uZLGP+445	-	366.00000
F-1	UOS	53.000	2.23	ET	-	Y+	-	-	51.98%	-	Uqlwpdne	3kBSUG	-	205	3gQYUO+205	-	591.00000
V-1	OXN	73.000	5.89	GR	-	UUU-	-	-	45.00%	-	Tahcbyra	3lZKDA	-	315	3eQYIF+315	-	354.00000
H-2	YXO	1.000	3.27	AA	-	Q	-	-	42.00%	-	Qmrkweeb	3sLTDS	-	240	3tUTMA+240	-	708.00000
Y	PKO	83.000	58.99	BY	-	FF-	-	-	6.00%	-	Ofyowjii	3zICEO	-	600	3mYAKY+600	-	646.00000
Vfe	WWB	27.630	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Retained
H-1	HLS	261.000	3.87	Zyy	-	OOO	-	-	58.00%	-	Ezcbzlqj	3yBYAV	-	146	3mMGPX+146	-	756.00000

Tranche Comments

H-1: First Pay: 2025-01-20; Redemption: 2026-07-20; Registration: 144N/Kkm U; O-2: First Pay: 2025-01-20; Redemption: 2026-07-20; Registration: 144D/Ewv X; H: First Pay: 2025-01-20; Redemption: 2026-07-20; Registration: 144G/Uul R; F-1: First Pay: 2025-01-20; Redemption: 2026-07-20; Registration: 144G/Khz A; H-2: First Pay: 2025-01-20; Redemption: 2026-07-20; Registration: 144H/Wxq J; V-1: First Pay: 2025-01-20; Redemption: 2026-07-20; Registration: 144N/Xij R; G-2: First Pay: 2025-01-20; Redemption: 2026-07-20; Registration: 144Z/Rxo R; Y: First Pay: 2025-01-20; Redemption: 2026-07-20; Registration: 144A/Xfx W; Vfe: First Pay: 2025-01-20; Redemption: 2026-07-20; Registration: 144Z/Xee R;

Deal Comments

Vxt-Yatt Qgqgxuk 2.00

Reinvestment Period (YRS)

Reinvestment Period End Date

Jan 22, 2023

Reset

Yes