Daniel Shrimsky

So there's not a lot that's, you know, capital gains, obviously large in terms of the size of the ETF, but there's not a lot of terms.

I just think it's more when the index changes that you have to sell out and you have to buy into.

So if a company drops out of the index and something comes in, then you need to change.

But I think it's important to know that it's only realized gains that get distributed.

Obviously, unrealized gains stay in the fund.

We offer a cash fund, not an ETF.

But again, I think the same principles apply.

And look, we're getting more and more questions on this, Bosh.

So it's a good one.

I think as investors look for higher returns on cash.

So

Look, I think, you know, our fund essentially invests in very short-term, high-quality debt instruments like bank bills.

But I think just like any investment, it's important to sort of keep in mind not all cash products are the same.

And it's important to understand what underlying investments actually exist within the ETF.

Yeah, I mean, I think it comes down to the return.

I think it comes down to the return.

And I mean, you know, when Bosch asks the question around 4%, that probably is where it should be.

But look, I think you made the point, James.

I mean, cash ETFs and funds, they're not government guaranteed.

There's always a little, there's obviously exposure to interest rates.