Thank you very much, Mr. Chair.
Mr. Machin, thank you very much for a really impressive presentation. You've been quite open with us on a number of issues.
I apologize if you raised this at the tail end of your testimony—you were hard pressed to conclude it—but I have a question on whether or not the CPPIB has an estimate, a projection, regarding the rate of return over the next few years. You cited the report of the chief actuary, and you mentioned that in their view this number has to be 3.95% to ensure the long-term sustainability of the fund—in other words, over the next 75 years.
Do you have an estimate of what you see as the rate of return over the next few years?