Thank you for that.
One thing that comes across quite clearly from both the Financial Administration Act and the audit is that your mandate is fairly specific. I'm sure there are some nuances, but it's to generate the best possible rate of return at the minimum amount of risk going forward.
In this audit, I did see a bit of mission creep. This is as much a comment as anything, but I would encourage you to stay on mission. There are, of course, tens of thousands of public service workers who are depending on you going forward.
I'd make that comment and then I'd say that we have been in a bull market for a long while. I think it's one of the longest bull markets in history. At the end of every bull there is a bear. How are you preparing the pension fund to tolerate a bear market?