 At the face level MIPS provides professional management to a client's portfolio but there's many different layers to MIPS and many different benefits. Those smaller investors get a distinct advantage investing via the MIPS service. Firstly, they can achieve highly diversified exposures. They can get 25 names for $250,000. When we buy something on behalf of the client, there's full pass through and we don't charge any additional spread. Market's a difficult market, it's a volatile. You need expertise, you need experience, you need to know the moves to make and when to make them. If you're a DIY investor, then you really only have access to information that's in the mainstream media. With a professionally managed service, we have access to proprietary research, we have access to third party news and pricing information. We have a team dedicated to be looking at this all day, every day. But they get the names that we have analysed, that we prefer, that we have put in our universe for all programs. Whether or not you're a larger investor or a smaller investor, you will get the same exposure and you will get it in the parcel sizes that delivers total investment according to your capital. We break down larger parcels of bonds into smaller portions to allocate to clients individually which provides a greater diversity within a client's portfolio.