I want to start by pointing out that our investment strategy is really focused on the long term. As far as what we manage post-2000 goes, we won't be paying out any pensions before 2030, I believe. That gives us the ability to adopt a diversified investment strategy as far as certain types of assets are concerned.
For example, in private markets, we have asset classes that are more liquid. Not having to sell assets gives us a competitive edge. I should tell you that our liquidity gives us one of the biggest competitive advantages we have.
We invest with a very long-term view. I think the fund's value will be much greater than $200 billion by the time we have to start paying out the first dollar in pension benefits. So we can benefit from what we call illiquidity premiums. They give us an advantage. They have already brought us some returns, as the results we just mentioned show. That's an important element as far as our performance management goes.
I'm not sure whether that answers your question.