'FONE' ETF Calls Up the Smartphone Industry

The video discusses a fund trading under the ticker 'phone', which includes around 50 names from handsets, software, hardware, and network providers. Semiconductor companies form a significant portion of the fund, with a notable percentage of holdings based in the US. Despite asset growth, the fund's returns have lagged behind the S&P 500. Launched in 2011, the fund has an expense ratio of 70 basis points and has occasionally deviated from its net asset value, earning a yellow light in Bloomberg's system.

What is the ticker symbol for the smartphone industry fund?

• SMART

• MOBILE

• PHONE

• TECH

Which of the following segments is NOT part of the fund's composition?

• Retail

• Network Providers

• Software and Hardware

• Handsets

Approximately what fraction of the fund's holdings are based in the US?

• 1/4

• 1/3

• 2/5

• 1/2

Which of these companies is NOT mentioned as part of the fund?

• Sony

• Apple

• Samsung

• Lenovo

What is the expense ratio of the fund?

• 50 basis points

• 70 basis points

• 80 basis points

• 60 basis points