so, for this item, we have our consultant greg ungerman on the line. they do a semi-annual performance review for the plan. is everything okay president? >> i want to see the length of the presentation. >> absolutely. we differ to your pleasure on what you would like. we can do a brief presentation under 5 minutes if you like. >> that would be great. >> okay. certainly. mr. ungerman, you have our direction, so please proceed when you are ready. >> appreciate it. good afternoon everyone. i will make this quick. if i can share my screen perhaps that will expedite my comments to make sure we are all on the same page. thank you very much. so, as a always page 2 we provide a brief high level summary. there are 4 managers or funds and i'll focus my attention on them as i go through. just as a reminder, not going through this in detail. i just wanted to underscore the point. it was a very difficult period in absolute terms for stocks and bond fell and that is implication on the target dates funds and importantly you see the 90 day tee bill just reminder you h