| themed now let's talk to three people | 2.72 | Jump to 19.6 |  |  | 
              
                
                  | many thematic tech etfs you run one of | 4.561 | Jump to 36.399 |  |  | 
              
                
                  | had a billion and a half in assets a | 3.441 | Jump to 45.039 | 
                      
                        
                      
                        CARDINAL
                      
                      
                        a billion and a half
                      
                     |  | 
              
                
                  | year ago now it's under a billion sort | 3.84 | Jump to 46.559 |  |  | 
              
                
                  | number one theme for us so it's not | 3.6 | Jump to 68.4 |  |  | 
              
                
                  | is only seven percent from the from its | 4.64 | Jump to 76.56 | 
                      
                        
                      
                        PERCENT
                      
                      
                        only seven percent
                      
                     |  | 
              
                
                  | they're down a third from their highs | 4.799 | Jump to 82.96 |  |  | 
              
                
                  | about 50 thematic 50 | 5.92 | Jump to 146.56 |  |  | 
              
                
                  | etf data there's over 600 billion | 4.8 | Jump to 220.799 |  |  | 
              
                
                  | p 500 with 11 | 4.479 | Jump to 229.12 |  |  | 
              
                
                  | inflows and energy with oil at ninety | 3.44 | Jump to 245.2 |  |  | 
              
                
                  | dollars a seven year high that sort of | 4.081 | Jump to 246.959 |  |  | 
              
                
                  | well yeah that's around a 7 billion etf | 5.361 | Jump to 270.639 |  |  | 
              
                
                  | grown your dividend for the last 20 | 3.6 | Jump to 282.08 |  |  | 
              
                
                  | years or 10 years or even five years now | 4.8 | Jump to 283.28 |  |  | 
              
                
                  | we were the first firm back in 2013 | 4.32 | Jump to 285.68 |  |  | 
              
                
                  | uh it's been one of the best performers | 3.6 | Jump to 310.4 |  |  | 
              
                
                  | three months because of that defensive | 5.12 | Jump to 314.0 |  |  | 
              
                
                  | rotation um it is for top two percent of | 5.04 | Jump to 316.24 |  |  | 
              
                
                  | yeah that's uh if you look at we have 75 | 5.44 | Jump to 358.72 |  |  | 
              
                
                  | performing to start 2022 up seven | 4.56 | Jump to 364.16 |  |  | 
              
                
                  | the fed what do you do for a standard 60 | 4.64 | Jump to 374.24 |  |  | 
              
                
                  | 40 portfolio allocation commodities an | 4.4 | Jump to 376.88 |  |  | 
              
                
                  | in inflation-sensitive places are one of | 4.24 | Jump to 378.88 |  |  | 
              
                
                  | futures it cost you like 5 a year for | 4.48 | Jump to 404.96 |  |  | 
              
                
                  | two and a half decades because the | 3.44 | Jump to 407.84 | 
                      
                        
                      
                        DATE
                      
                      
                        two and a half decades
                      
                     |  | 
              
                
                  | you're now getting paid four to five | 3.039 | Jump to 411.28 |  |  | 
              
                
                  | 10 billion in aum a year ago to 20 | 4.8 | Jump to 446.56 |  |  | 
              
                
                  | billion today and no sign of slowing | 4.481 | Jump to 449.039 |  |  | 
              
                
                  | it's a 60 40 portfolio again a little | 4.88 | Jump to 607.6 |  |  | 
              
                
                  | billion dollars and we launched two | 3.28 | Jump to 616.64 |  |  | 
              
                
                  | a probably about a billion and a half | 3.52 | Jump to 624.64 | 
                      
                        
                      
                        MONEY
                      
                      
                        about a billion and a half
                      
                     |  | 
              
                
                  | billion point one in in the combined | 4.8 | Jump to 626.32 |  |  | 
              
                
                  | fifty of exposure of ninety cents of | 4.641 | Jump to 637.519 |  |  | 
              
                
                  | equities and sixty cents of bond futures | 4.481 | Jump to 639.519 |  |  | 
              
                
                  | you can put two-thirds of your capital | 4.08 | Jump to 664.24 |  |  | 
              
                
                  | and get that same 60-40 and then you | 3.76 | Jump to 666.0 |  |  | 
              
                
                  | have a third of your capital either | 4.24 | Jump to 668.32 |  |  | 
              
                
                  | traditional standard 60 40 allocation | 5.2 | Jump to 741.68 |  |  | 
              
                
                  | one here | 3.521 | Jump to 758.399 |  |  | 
              
                
                  | income fund for the next two years uh | 4.159 | Jump to 761.92 |  |  | 
              
                
                  | auction this week was already up 29 | 3.84 | Jump to 785.04 |  |  | 
              
                
                  | them in 2014 it was the first new | 4.08 | Jump to 816.24 |  |  | 
              
                
                  | issued in 97 and so it's just a standard | 4.959 | Jump to 820.32 |  |  | 
              
                
                  | yeah now christian you have one of my | 4.159 | Jump to 832.24 |  |  | 
              
                
                  | dated options as i recall on an s p 500 | 6.401 | Jump to 846.959 |  |  | 
              
                
                  | with an average of a 10-year maturity so | 4.24 | Jump to 853.36 |  |  | 
              
                
                  | anywhere from 50 to 70 percent of the | 5.2 | Jump to 877.68 |  |  | 
              
                
                  | the s p was off over 30 percent in you | 6.64 | Jump to 895.6 |  |  | 
              
                
                  | just nine percent during that time we've | 5.12 | Jump to 902.24 | 
                      
                        
                      
                        PERCENT
                      
                      
                        just nine percent
                      
                     |  | 
              
                
                  | investing in 2022 why does it keep | 3.68 | Jump to 953.279 |  |  | 
              
                
                  | five and a half trillion dollars in | 4.64 | Jump to 982.8 |  |  | 
              
                
                  | 4.2 trillion of that is in u.s focus | 6.8 | Jump to 987.44 |  |  | 
              
                
                  | only etfs so 75 | 5.68 | Jump to 991.519 |  |  | 
              
                
                  | as a proxy only 58 is in u.s so | 5.92 | Jump to 1002.88 |  |  | 
              
                
                  | 55 billion and flows into equity etfs | 6.32 | Jump to 1018.16 |  |  | 
              
                
                  | you have a currency hedged europe one | 4.559 | Jump to 1075.12 |  |  | 
              
                
                  | buys japan a few years maybe 18 months | 5.041 | Jump to 1101.919 |  |  | 
              
                
                  | 22 2022 trends in etfs and remember you | 5.039 | Jump to 1144.88 |  |  | 
              
                
                  | hottest trends in the nearly four | 2.719 | Jump to 1163.2 |  |  | 
              
                
                  | trillion dollar market of | 3.76 | Jump to 1164.799 |  |  |