I can certainly speak to the nature of our client base. We invest in total maybe in the order of $50 billion to $60 billion of fixed income assets in Canada. Of those assets, the vast majority of them are defined benefit pension plans, whether we're hired by a trustee board or the pension committee of a plan sponsor. The others are obviously individual workers saving for retirement through RRSPs, whether it's on a group basis with their employer or on their own, and lastly it would be obviously individuals who are already in retirement and drawing an income from those bonds.
