Kanish Chugh

And how is the portfolio constructed?

So really just bringing together the semi-ETF.

We know what the companies are.

We know what the thematic is.

How does it select them and put them together?

Yeah, because I did notice that because, yeah, obviously there are a few companies that accrue a lot of the value in this industry because it's such a tightly held industry.

A lot of that surplus in economic terms goes to select companies.

And as a result, they're massive companies, right?

So inside the ETF, it's interesting that you have the cap there and it's probably appropriate.

How about then, okay, how about then in terms of just like the ETF, generally speaking?

So I noticed that it's got a 0.57 basis point, sorry, percent management fee.

It's the annual management fees, 57 basis points, distribution semi-annually.

It invests overseas, but it's almost sold here in Australia.

So there's no W8BEN form.

Are there any other metrics that you can throw out across the portfolio, generally speaking, like what are people getting and what are investors getting when they buy into the portfolio as a whole?

I know like some things that people like, like PE ratios, dividends.

Is this a type of ETF that would pay dividends?

And an important note there, you can check out all of the kind of the figures and the performance metrics and also performance warning on the ETF Securities website.

There's also a great white paper, which I read before we started recording, which introduces investors to kind of the industry and all the different players and what

can be expected from the industry over time.