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OZXX

Australia ex Financials & Resources ETF

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Reasons to Consider OZXX

Strategic Diversification

Minimise overallocation to financials (including REITs), materials and energy stocks with strategic sector diversification.

Core Portfolio Tool

A core portfolio building block which works to complement and complete a portfolio.

Enhance Growth Potential

Gain exposure to mid and smaller cap companies to incorporate a potential growth tilt to a portfolio.

Product Information As of 13 May 2024

Inception Date 11 Apr 2023
Management Costs (% p.a.) 0.25
Currency Hedged No
Domicile Australia
Legal Form Managed Investment Scheme
SMSF Eligible Yes

NAV Information As of 13 May 2024

NAV/Unit (A$) 10.26280000
iNAV 10.2970
iNAV as of 04:29 PM
Currency (NAV) AUD
Shares Outstanding 250,049
AUM (A$) 2,566,215.03
NAV History File View

Product Summary

The Global X Australia ex Financials & Resources ETF (OZXX) invests in Australia’s top 100 companies, excluding those in the financial (including REITs), basic material and energy sectors.

Product Objective

The Global X Australia ex Financials & Resources ETF (OZXX) seeks to provide investment results that correspond generally to the price and yield, before fees and expenses, of the Solactive Australia ex Financials Materials and Energy Capped Index.

Trading Details

Ticker OZXX
Bloomberg Code OZXX AU Equity
ISIN AU0000269854
Trading Hours 10:00AM – 4:00PM

Management & Administration

Issuer Global X Management (AUS) Limited
Custodian The Hongkong and Shanghai Banking Corporation Limited, Sydney Branch
Registrar Computershare Investor Services Pty Limited
Trustee Global X Management (AUS) Limited

Benchmark Information

Benchmark Solactive Australia Ex Financials Materials and Energy Capped Index
Provider Solactive AG
Ticker SOLXFMET

Distributions As of 30 Apr 2024

12-Month Yield 2.22%
12-Month Franking Level 31.38%
Distribution Frequency Quarterly
Distribution History View

Performance Table As of 16 May 2024

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month 3.09% 3.12% -0.03% 0.02%
3 Months 2.36% 2.47% -0.11% 0.05%
1 Year 6.84% 7.16% -0.32% 0.19%
3 Year p.a. -- -- -- --
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception p.a. 6.13% 6.46% -0.33% 0.18%

Top Holdings As of 17 May 2024

Full Holdings (.xlsx)
Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
10.41 WESFARMERS LTD 6948836 69.70 3,901 271,900
10.13 CSL LTD 6185495 286.95 922 264,568
5.80 TELSTRA GROUP LT 6087289 3.69 41,011 151,331
5.24 WOOLWORTHS GROUP 6981239 31.85 4,296 136,828
5.23 TRANSURBAN GROUP 6200882 12.48 10,938 136,506
3.63 ARISTOCRAT LEISU 6253983 45.75 2,070 94,703
3.02 COCHLEAR LTD 6211798 338.90 233 78,964
2.90 COLES GROUP LTD BYWR0T5 16.44 4,606 75,723
2.73 BRAMBLES LTD B1FJ0C0 14.45 4,935 71,311
2.37 WISETECH GLOBAL BZ8GX83 101.75 609 61,966
2.33 ORIGIN ENERGY 6214861 10.02 6,074 60,861
1.91 COMPUTERSHARE LT 6180412 26.65 1,871 49,862
1.66 SONIC HEALTHCARE 6821120 27.04 1,600 43,264
1.66 CAR GROUP LTD BW0BGZ3 36.10 1,198 43,248
1.58 LOTTERY CORP LTD BNRQW72 5.21 7,913 41,227
1.54 APA GROUP 6247306 8.82 4,561 40,228
1.47 NEXTDC LTD B5LMKP4 17.93 2,135 38,281
1.44 QANTAS AIRWAYS 6710347 6.15 6,103 37,533
1.29 BLUESCOPE STEEL 6533232 21.26 1,579 33,570
1.27 TREASURY WINE ES B61JC67 11.53 2,876 33,160
1.26 RAMSAY HEALTH 6041995 50.95 644 32,812
1.23 ORICA LTD 6458001 18.79 1,713 32,187
1.10 REECE LTD 6728801 27.33 1,048 28,642
1.07 ALTIUM LTD 6167697 66.85 419 28,010
1.07 SEEK LTD B0767Y3 22.93 1,217 27,906
0.96 ENDEAVOUR GROUP BNVS144 5.21 4,798 24,998
0.93 AURIZON HOLDINGS B87CVM3 3.74 6,526 24,407
0.90 ALS LTD B86SZR5 13.85 1,689 23,393
0.86 AGL ENERGY LTD BSS7GP5 10.47 2,133 22,333
0.85 JB HI-FI LTD 6702623 57.70 385 22,215
0.82 SEVEN GROUP HOLD B432QW4 39.19 548 21,476
0.82 QUBE HOLDINGS LT B1L4BC6 3.61 5,907 21,324
0.81 ATLAS ARTERIA BZ03TZ1 5.43 3,889 21,117
0.80 PRO MEDICUS LTD 6292782 119.76 174 20,838
0.76 WORLEY LTD 6562474 14.95 1,322 19,764
0.74 INCITEC PIVOT LT 6673042 2.97 6,485 19,260
0.73 CLEANAWAY WASTE BYQ8KW7 2.76 6,917 19,091
0.63 TECHNOLOGY ONE 6302410 16.29 1,012 16,485
0.62 IDP EDUCATION LT BDB6DD1 16.26 989 16,081
0.58 LENDLEASE GROUP 6512004 6.24 2,447 15,269
0.58 METCASH LTD B0744W4 3.89 3,872 15,062
0.57 CSR LTD 6238645 8.91 1,683 14,996
0.55 RELIANCE WORLDWI BD1DM79 5.14 2,782 14,299
0.50 TELIX PHARMA BF7M092 15.45 853 13,179
0.50 FLIGHT CENTRE TR 6352147 20.70 628 13,000
0.45 ANSELL LTD 6286611 26.42 445 11,757
0.44 DOWNER EDI LTD 6465573 4.78 2,382 11,386
0.42 HUB24 LTD BD4T5X1 42.16 261 11,004
0.42 WEBJET LTD 6015815 8.53 1,289 10,995
0.39 ARB CORP LTD BWV03W5 38.97 261 10,171
0.38 ORORA LTD BH4TCW7 2.21 4,462 9,861
0.35 VENTIA SERVICES BNV08F0 3.59 2,547 9,144
0.34 PREMIER INV LTD 6699781 30.28 297 8,993
0.34 BREVILLE GROUP L 6158709 26.20 341 8,934
0.34 DOMINO'S PIZZA E B07SFG7 38.56 229 8,830
0.33 NEUREN PHARMACEU B04LVF0 21.80 396 8,633
0.31 MEGAPORT LTD BZ5ZWZ3 15.00 535 8,025
0.30 HARVEY NORMAN 6173508 4.35 1,819 7,913
0.29 NINE ENTERTAINME BGQV183 1.56 4,864 7,588
0.28 EAGERS AUTO 6296201 12.50 580 7,250
0.27 LOVISA HOLDINGS BT9PVP0 32.74 212 6,941
0.25 CORPORATE TRAVEL B3R1D52 15.18 436 6,618
0.25 TPG TELECOM LTD BMB2257 4.62 1,393 6,436
0.24 GRAINCORP LTD-A 6102331 8.14 785 6,390
0.21 GUD HLDGS LTD 6358004 11.16 493 5,502
0.21 IRESS LTD 6297497 8.29 662 5,488
0.21 TABCORP HLDGS 6873262 0.68 7,997 5,438
0.21 NUFARM LTD 6335331 5.11 1,064 5,437
0.20 SIGMA HEALTHCARE BF13K02 1.26 4,188 5,277
0.20 BAPCOR LTD BLD2CY7 4.65 1,120 5,208
0.19 IPH LTD BS7K5S1 6.11 812 4,961
0.19 EVT LTD BDG0N49 11.72 413 4,840
0.18 POLYNOVO LTD BSJBZM6 2.20 2,181 4,798
0.18 INGHAMS GROUP LT BZCNHW2 3.87 1,238 4,791
0.17 ELDERS LTD 6357852 8.32 542 4,509
0.17 SUPER RETAIL GRO B01C7R0 13.48 330 4,448
0.17 JOHNS LYNG GROUP BYPHBX3 6.17 718 4,430
0.17 AUDINATE GROUP BZ9N3B6 17.64 249 4,392
0.16 MONADELPHOUS GRP 6600471 13.35 322 4,299
0.16 SITEMINDER LTD BLH35X6 5.49 756 4,150
0.16 STAR ENTERTAINME BD5ZR98 0.46 8,917 4,102
0.16 SILEX SYSTEMS 6111735 6.63 615 4,077
0.15 LIFESTYLE COMMUN 6137195 13.50 297 4,010
0.15 BEGA CHEESE LTD B56CQJ5 4.42 903 3,991
0.15 NRW HOLDINGS LTD B23XW70 2.71 1,466 3,973
0.14 DATA#3 LTD 6093015 7.68 491 3,771
0.14 SMARTGROUP CORP BNB5WS6 8.41 446 3,751
0.14 NICK SCALI LTD B00VZV8 14.82 249 3,690
0.14 CODAN LTD 6712611 10.60 346 3,668
0.14 COLLINS FOODS LT B6QCFP1 9.52 381 3,627
0.14 CREDIT CORP GRP 6287658 15.28 232 3,545
0.13 IMDEX LTD 6462154 2.10 1,586 3,331
0.12 MMA OFFSHORE LTD 6156941 2.65 1,168 3,095
0.12 HEALIUS LTD BFZYRL1 1.28 2,405 3,066
0.11 TEMPLE & WEBSTER BZ1MWM5 10.70 275 2,943
0.10 KELSIAN GROUP LT BPBKR80 5.48 500 2,740
0.10 NANOSONICS LTD B1WF979 3.01 857 2,580
0.08 CLINUVEL PHARMAC 6328405 15.26 141 2,152
0.06 SAYONA MINING LT BBX4LR9 0.05 30,160 1,448
Holdings are subject to change.

Sector Breakdown As of 17 May 2024

Sector Weight (%)
Consumer Services 36.1
Industrials 24.1
Technology 21.5
Healthcare 8.2
Utilities 6.8
Consumer Non-Durables 1.9
Consumer Durables 0.6
#N/A 0.4
Other/Cash 0.4

Country Breakdown As of 17 May 2024

Country Weight (%)
Australia 99.1
United States 0.6
Other/Cash 0.3

Research

Diversifying Australian Equities Exposure Without Banks, Miners and Energy

Read More

Three Homegrown Growth Stocks to Help Diversify Your Australian Holdings

Read More

Documents

FAQs

  • How are companies selected and weighted within the index?

    The Solactive Australia Ex Financials Materials And Energy Capped Index, tracked by OZXX, starts by including all companies listed on major Australian exchanges. It then removes those companies classified by FactSet as belonging to the Materials, Energy and Finance (which includes REITs) sectors. One hundred stocks are then selected and weighted based on market capitalisation. A cap of 10% is placed on each stock’s weight at index rebalance, preventing the biggest companies (like CSL) becoming too influential in driving the performance of the fund.

  • How should I use OZXX in my portfolio?

    OZXX is intended as a core portfolio building block, in a manner similar to ETFs tracking the S&P/ASX 200.

    Many Australians already own the banks, miners and energy companies – with trading data suggesting they are some of the most popular stocks with direct investors. For these Australians, buying ETFs that track the S&P/ASX 200 means that they double up – i.e. buy twice – on the same stocks. OZXX was designed to give Australians that already own the banks and miners an easy way to “buy the rest” of the Australian share market. The ultimate aim is to provide a portfolio completion tool that can complement investors’ existing holdings.

    Additionally, OZXX can also be used as an alternative way to play the Australian share market. The financials and materials sectors together take up more than 50% of the weight of the S&P/ASX 200. Yet these sectors are mostly composed of the big banks and miners, which are mature businesses. A portfolio that removes these companies can be expected to tilt instead towards less mature and potentially higher growth stocks in other sectors.

  • What are the main companies in the materials, financials, and energy sectors?

    The materials sector in Australia is mostly comprised of mining companies – especially the majors like BHP, Fortescue and Rio Tinto. The financials sector is dominated by the big five banks – CBA, NAB, Westpac, ANZ and Macquarie. While energy companies are mostly fossil fuel producers like Woodside and Santos.

  • Is OZXX an ESG or green ETF?

    As OZXX removes companies from the materials and energy sectors, it effectively excludes a large portion of major fossil fuel producers. Most fossil fuel producers are either classified as mining companies (such as Whitehaven Coal) or energy companies (such as Woodside and Santos). As such, OZXX draws significantly less revenue from fossil fuel production compared with the S&P/ASX 200. On this mathematics, it can be regarded as a lower carbon investment than the broad Australian share market.

    However, the fund includes utilities companies such as AGL and Origin that are major consumers of fossil fuels. As such we do not talk about OZXX as being an ESG or green ETF.

    Furthermore, the Solactive Australia Ex Financials Materials And Energy Capped Index – the index tracked by OZXX – does not include any explicit ESG filters in its methodology. As such, stocks are neither screened nor weighted based on ESG criteria.

Global X Management (AUS) Limited (“Global X”) (Australian Financial Services Licence Number 466778, ACN 150 433 828) is the product issuer. Offers of interests in any retail product will only be made in, or accompanied by, a Product Disclosure Statement (PDS). In respect of each retail product, Global X has prepared a target market determination (TMD). Each PDS and TMD is available at www.globalxetfs.com.au. The information on this website is general in nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information, you should consider the appropriateness of the information having regard to your objectives, financial situation or needs and consider seeking independent financial, legal, tax and other relevant advice having regard to your particular circumstances. Any investment decision should only be made after obtaining and considering the relevant PDS and TMD. Investments in any product issued by Global X are subject to investment risk, including possible delays in repayment and loss of income and principal invested. The value or return of an investment will fluctuate and an investor may lose some or all of their investment. Past performance is not a reliable indicator of future performance.

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