 So there's the performance side that's just more efficient with ETFs. But then the tax efficiency is also important. Since we're not trading in and out of positions, there's no tax consequence. Instead, what would have been short-term gains now become long-term capital gains whenever we sell out of an ETF. And if we hold the ETF for a year, that is, they become long-term capital gains. It's a much more preferential tax rate.