Pension and employee benefit plan investments are widely diversified. For the 1-, 3-, 5-, and year periods ending November 30, the HIT outperformed the Barclays Aggregate on a gross basis by , 52, 53, and 49 basis points, respectively, and on a net basis by 58, 8, 8, and 4 basis points. We want to thank our community partners — developers, mortgage bankers, city officials, and of course, members and leadership of the building trades — and all of our investors for helping us build these San Francisco projects. The HIT has outperformed its benchmark for the past 22 calendar years.