Te- tell us about how you, how you a- allocate across various asset classes, um, and, and how that perhaps changes over time.

Sure.

Absolutely.

So, I, I mean, I suppose there's, there's, um, yeah, w- we are able to essentially allocate to anything.

Um, we have three core buckets, um, that, that we think about.

Um, so the first is, uh, risk assets, and that's chiefly comprised equities, but also has bits of infrastructure, maybe a little bit of property, um, that sort of thing.

Um, then we have inflation-linked bonds, and the reason that we hold inflation-linked bonds is that we think that for a, for a long-only investor, so someone who doesn't, you know, short sell or use derivatives or those sorts of things, that inflation-linked bonds are the best, uh, hedge-Um, long only hedge against a portfolio of equities.

this is a terrifying prospect.