. >> 13.4 for 10 years am a 16 since inception. 15.5 for the s&p +500 makati zane the s&p is not 15.5 >> it is 3.5 and the s&p 500 [inaudible] >> just reads strings of. >> okay so just to finish my comments we talked about distribution setting a record of $578 million has returned to san francisco for the year 2014. that is the fifth consecutive year were distributions have outpaced contributions him and then 2014, the net cash inflow in the system was 150 million. at this point i turn it over to -- and david for the comment >> thanks. >> i like to performance on good gland stole lots might good story there, but i will repeat. hopefully giving you a little more detail here and there and then pass it over to david annie's gave me some perspective on the market. first i want to start by saying that you might read this in the report that we moved 17 of the energy focus funds out of this particular portfolio and put them into the real assets portfolio back so nothing in this report includes any that performance inception to date. during 2014, the portfolio appreciated three and 35 million