joining us is steve edmundson, the chief office of nevada pers. gather you achieved those returns largely by putting money in no-fuss, no muss index funds, why? >> that 100% correct. we are really what carried the short answer was we have a relative overweight to u.s. stocks, so -- but that's really a byproduct of the fact that we have the simple approach, traditional focused asset allocation. basically we have an overweight to s&p 500, relative to our peer group. as you know, u.s. stocks have really been the cease class of choice over the last. >> 42% in domestic stocks, 18% international exclusively large developed markets. 30% domestic bonds. private markets 10%. that will include real estate and private equity. when you go into an index fund what you doble on your manager buy? are you buying a spdr? what do you do? >> we're is 00% large cap, u.s. companies, and then on the international side, we are 1700% indexed to the large cap developed market stocks. what's the intellectual argument you make for choosing indexing? >> sure. well, number one