commissioners, my name is ted chandler. i am the manager director of regional operations for the afclio housing investment trust, and i'm here to ask you you not to terminate the trust. i appreciate your vote in support of continuing this to we can continue to educate the fund as to the nature, our nature as an investment. we do think we have been misclassified and that we are more appropriately classified within that portion of your portfolio, the 6% that's currently dedicated to a passive intermediate treasury index strategy. as has been mentioned, we've been managing funds for the retirement system for 23 years. we have more than $6 billion of assets, and those assets are invested overwhelmingly in government-backed, multi-family securities. these securities pay a higher yield than united states treasuries while still having the government backing. we're extremely high credit quality, and about 99.9% of our portfolio is rated aaa or aa. 98% is government backed. our current yield of 3.41% on gross bases, 3.05 on a net ba