Hugh Lam

That's the Beta Shares Global Royalties ETF.

So I briefly talked about what royalties are and some of the characteristics.

Maybe we'll talk about a few company examples because we love companies here.

some of the top holdings within royal is uh texas pacific land uh what they do is they own a bunch of land in the persian basin which is in the southern part of the united states so 900 000 acres the beauty of holding land is that it doesn't matter which tenant is going to be on that parcel of land you're just collecting the income that comes from those tenants so previously they've generated a lot of revenue from oil and gas companies

But, you know, that has, you know, gradually shifted over to data centers.

You know, data centers need land in pockets of the world where there's a lot of generally electricity and other forms of energy.

And so, Texas Pacific land is a net beneficiary of, you know, holding up, you know, land within the Persian Basin.

It's kind of like land banking in a way.

In a way.

Yeah.

So again, the end investor gets, you know, a cut of Texas Pacific lands revenue.

And as we know, they capture the revenue from those data centers or that oil and gas company, but they don't have to pay any of the costs.

Those end companies have to do that.

Yeah.

So that's an interesting company.

The other one's Franco Nevada, which is a gold mining royalties company.

In fact, if we think about royals exposure in terms of industries, about 35% is linked to gold through companies like Franco Nevada.

Yeah.

And then the other sort of 19, 20% to oil and oil has had a really great run.

So about 50% to Golden Oil.