'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 approximate amount of assets the fund has?

How has the fund's return compared to the S&P 500?