Within those allocations, we have a couple of beliefs. We believe in global diversification, so our portfolios typically have a very healthy exposure outside the U.S. We believe in using both active and passive traditional strategies to optimize fees and taxes. Taxes are a big area of focus for us. We work with a partner on a tax overlay program to improve the efficiency of our taxable clients’ portfolios. We are active in 1031, 721 real estate exchanges, and we are taking a deeper dive into things like pri ...