You recently launched uh this new ETF, the Billionaires Club ETF. It sounds like is it is the idea generally invest in companies that are founded, controlled, built by billionaires, is that the idea?

Yeah, so everything we do at Baincreek starts with data science and, you know, regardless of if it's our US large cap ETF or our Billionaires Club ETF,

it's rooted in data science. So what we figured out was there's a really powerful data signal for wealth creation. And what I mean by that is if you looked at the wealthiest families and individuals that

either started or ran a very large publicly traded company and all you did was systematically invest in those businesses. We're talking global businesses, uh you performed quite well over time. And so we wanted to bring this to the market because we think this is

kind of a unique way to think about long-term compounding.

Why do you think explains that?

Well, I think if you if you really think about it, these businesses, it's it's really another signal for structural advantage business models. And you're just seeing it through this wealth creation.

Right? So obviously, if you have like a fast retailing in Japan with the Yanai family, they created this amazing business Uniqlo in in theory. and over time, they've scaled the business and it's generated a lot of wealth for the family, but also the business has this structural advantage.

And so I think what you're seeing is that the the strategy is really just highlighting these businesses that maybe monopolies or duopolies or have something pricing power or some, you know, supply chain, um dominance that allows them to compound capital.

What are some of the names in this ETF? Give give us some examples.

Yeah, so I mentioned fast retailing. Another uh retail company would be Inditex, so the Ortega family in Spain. Uh you might look into the US and see uh interactive brokers with Tom Thomas Peterffy. So,

you know, it's a broad range of companies. I think we're roughly 40% international, 60% US. But even amongst, you know, in the US, yes, we do have some of the the mega cap tech companies because obviously they've all done very well.

But that, you know, tech is really only around 30% of the fund. So there you get a really nice diversified uh basket.

Now, what if the billionaire steps away Andrew, does that mean the name gets yanked out of the vehicle?

So, yeah, so if the billionaire no longer owns any of the security, then yes, it wouldn't be in the vehicle anymore.

And when you're screening um for names, you're screening for the billionaire, but just walk me through what are the other variables you're looking for?

Yeah, so there's a lot of really great data out there just in terms of figuring out um kind of the net worth and individuals and families that have done well, but also, you know, we bring in our data science to work through uh you know, certain volatility metrics, uh certain

fundamental metrics that just support that hey, this is going to be an interesting uh investment for our shareholders.