The ETF World Is an Oligopoly

The ETF world is an oligopoly. It's really controlled by three large firms and I think one thing I did not appreciate or maybe I was a little naive or you know sometimes you need a little bit of rose colored glasses. The fund just turned four years old, we paid out 30 basis points every single month since the funds started paying distributions in July 2019. We're hoping that this will be kind of the the next wave to kind of get it more you know to compete with the bigger oligopoly firms but the industry is definitely the most competitive the hardest to break into.