coordination with staff, callan is recommending the vanguard cash reserve money market fund, and greg ungerman is here today to present the methodology of the search as well as the rational for the specific underlying investment of the target date funds. this item as chair bridges had noted was presented to the deferred compensation committee and it was forwarded with recommendation of approval to the full board. this is more of just a fyi and to request approval so we may move forward. with that said, mr. ungerman, please begin. >> thank you and good afternoon commissioners. slide 1 really captures the thrust of the entire presentation on one slide. as we try to summarize the background and rational and as just mentioned, this really is a tool for t row price your target date manager to use money market fund as a safety from a safety perfective. if they don't like stocks or bonds they can use this allocation. they estimated it is between 0 and $50 million across all the target date funds. keep in mind the funds in total are about a billion dollars so a small amount in the grand scheme of thin