US 100 ETF - Global X ETFs - Australia
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N100

US 100 ETF

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Reasons to Consider N100

Target Innovation

Gain exposure to 100 of the top technology and innovation-driven companies on the US market.

Core Portfolio Allocation

Providing investors with a core portfolio building block with sector and geographical diversification away from popular Australian holdings.

Competitive Management Fee

Australia’s lowest-cost ETF of its kind with a management fee of 0.24% p.a.

Product Information As of 15 May 2024

Inception Date 21 Aug 2023
Management Costs (% p.a.) 0.24
Currency Hedged No
Domicile Australia
Legal Form Managed Investment Scheme
SMSF Eligible Yes

NAV Information As of 15 May 2024

NAV/Unit (A$) 12.20930000
Currency (NAV) AUD
Shares Outstanding 2,200,009
AUM (A$) 26,860,513.50
NAV History File View

Product Summary

The Global X US 100 ETF, often referred to as N100, seeks to invest in 100 of the largest non-financial companies listed on the US market. It focuses on innovation-driven companies, providing a growth tilt to core portfolio holdings. With a diverse range of companies spanning technology, consumer goods, healthcare, and more, investors gain access to Alphabet, Apple, Microsoft, and Tesla, as well as a range of healthcare giants and digital juggernauts whose products or services play a vital role in everyday life.

Product Objective

The Global X US 100 ETF (ASX: N100) seeks to provide investment results that correspond generally to the price and yield, before fees and expenses, of the Global X US 100 Index.

Trading Details

Ticker N100
Bloomberg Code N100 AU Equity
ISIN AU0000290397
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 Global X US 100 Index
Provider Mirae Asset Global Index Private Limited
Ticker GXUS100N

Distributions As of 30 Apr 2024

12-Month Yield 0.03%
12-Month Franking Level 0.00%
Distribution Frequency Semi-Annually
Distribution History View

Performance Table As of 15 May 2024

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month 1.93% 1.94% -0.01% 0.01%
3 Months 3.23% 3.27% -0.04% 0.01%
1 Year -- -- -- --
3 Year p.a. -- -- -- --
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception 22.13% 22.23% -0.10% 0.04%

Top Holdings As of 16 May 2024

Full Holdings (.xlsx)
Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
10.50 MICROSOFT CORP 2588173 423.08 4,441 2,819,264
9.39 APPLE INC 2046251 189.72 8,859 2,521,914
8.70 NVIDIA CORP 2379504 946.30 1,646 2,337,174
7.16 AMAZON.COM INC 2000019 185.99 6,895 1,924,227
3.99 META PLATFORMS-A B7TL820 481.54 1,482 1,070,811
3.81 ALPHABET INC-A BYVY8G0 172.51 3,953 1,023,231
3.73 ALPHABET INC-C BYY88Y7 173.88 3,835 1,000,570
3.62 BROADCOM INC BDZ78H9 1,436.17 451 971,885
2.13 COSTCO WHOLESALE 2701271 787.04 484 571,577
2.06 TESLA INC B616C79 173.99 2,122 553,990
1.60 NETFLIX INC 2857817 613.52 466 428,990
1.57 ADV MICRO DEVICE 2007849 159.67 1,764 422,624
1.51 PEPSICO INC 2681511 179.46 1,502 404,455
1.35 ADOBE INC 2008154 485.35 498 362,674
1.32 QUALCOMM INC 2714923 194.61 1,217 355,376
1.28 LINDE PLC BNZHB81 430.82 530 342,613
1.23 CISCO SYSTEMS 2198163 49.67 4,423 329,643
1.15 T-MOBILE US INC B94Q9V0 162.68 1,269 309,762
1.12 INTUIT INC 2459020 655.13 306 300,802
1.11 APPLIED MATERIAL 2046552 217.49 914 298,276
1.08 TEXAS INSTRUMENT 2885409 195.53 992 291,043
1.03 AMGEN INC 2023607 316.79 584 277,598
0.97 COMCAST CORP-A 2044545 39.25 4,423 260,489
0.86 INTUITIVE SURGIC 2871301 399.39 384 230,123
0.86 MICRON TECH 2588184 127.81 1,199 229,941
0.82 HONEYWELL INTL 2020459 203.98 720 220,370
0.81 BOOKING HOLDINGS BDRXDB4 3,792.53 38 216,244
0.80 INTEL CORP 2463247 31.27 4,605 216,068
0.76 LAM RESEARCH 2502247 947.75 144 204,781
0.71 ARM HOLDINGS PLC BNSP5P7 113.67 1,120 191,028
0.69 VERTEX PHARM 2931034 437.49 282 185,118
0.66 ANALOG DEVICES 2032067 215.75 544 176,109
0.64 REGENERON PHARM 2730190 978.21 117 171,732
0.63 KLA CORP 2480138 759.72 149 169,853
0.62 AUTOMATIC DATA 2065308 246.62 450 166,523
0.60 PALO ALTO NETWOR B87ZMX0 312.32 343 160,741
0.59 MONDELEZ INTER-A B8CKK03 71.33 1,486 159,046
0.54 SYNOPSYS INC 2867719 580.20 166 144,517
0.53 MERCADOLIBRE INC B23X1H3 1,718.50 55 141,822
0.52 STARBUCKS CORP 2842255 75.13 1,248 140,689
0.52 PDD HOLDINGS INC BYVW0F7 141.30 660 139,932
0.51 GILEAD SCIENCES 2369174 67.01 1,362 136,946
0.50 ASML HOLDING-NY B908F01 937.42 96 135,032
0.49 CADENCE DESIGN 2302232 293.10 297 130,619
0.48 CROWDSTRIKE HO-A BJJP138 343.12 249 128,197
0.43 CONSTELLATION EN BMH4FS1 223.31 348 116,606
0.43 CINTAS CORP 2197137 692.40 111 115,322
0.43 NXP SEMICONDUCTO B505PN7 272.00 281 114,685
0.42 MARRIOTT INTL-A 2210614 236.00 322 114,025
0.42 PAYPAL HOLDINGS BYW36M8 63.90 1,180 113,140
0.41 CSX CORP 2160753 33.84 2,158 109,576
0.39 AIRBNB INC-A BMGYYH4 145.80 475 103,916
0.37 MARVELL TECHNOLO BNKJSM5 70.15 944 99,365
0.37 O'REILLY AUTOMOT B65LWX6 1,010.38 65 98,544
0.35 ROPER TECHNOLOGI 2749602 531.44 117 93,298
0.34 PACCAR INC 2665861 108.08 571 92,601
0.34 MONSTER BEVERAGE BZ07BW4 54.24 1,136 92,455
0.32 COPART INC 2208073 55.31 1,049 87,059
0.32 WORKDAY INC-A B8K6ZD1 251.31 228 85,976
0.31 MICROCHIP TECH 2592174 95.36 591 84,564
0.31 DEXCOM B0796X4 129.71 422 82,133
0.30 MODERNA INC BGSXTS3 129.06 416 80,560
0.29 AMERICAN ELECTRI 2026242 91.97 574 79,212
0.29 KEURIG DR PEPPER BD3W133 33.81 1,527 77,467
0.29 AUTODESK INC 2065159 220.24 234 77,329
0.29 FORTINET INC B5B2106 60.73 848 77,274
0.28 ASTRAZENECA-ADR 2989044 76.97 657 75,879
0.28 IDEXX LABS 2459202 548.53 91 74,899
0.27 ROSS STORES INC 2746711 133.00 370 73,839
0.27 PAYCHEX INC 2674458 124.37 395 73,713
0.27 KRAFT HEINZ CO/T BYRY499 35.85 1,340 72,082
0.26 DOORDASH INC-A BN13P03 116.28 405 70,663
0.26 LULULEMON ATH B23FN39 346.85 133 69,219
0.25 CHARTER COMMUN-A BZ6VT82 271.77 162 66,062
0.25 OLD DOMINION FRT 2656423 183.92 239 65,957
0.25 TRADE DESK INC-A BD8FDD1 90.25 487 65,949
0.24 EXELON CORP 2670519 38.73 1,095 63,635
0.23 FASTENAL CO 2332262 66.98 624 62,714
0.23 GE HEALTHCARE TE BL6JPG8 81.91 497 61,084
0.22 COSTAR GROUP INC 2262864 88.48 446 59,212
0.22 VERISK ANALYTI B4P9W92 247.84 158 58,757
0.22 DATADOG INC-A BKT9Y49 118.47 330 58,662
0.21 COGNIZANT TECH-A 2257019 68.86 547 56,518
0.21 ELECTRONIC ARTS 2310194 127.62 295 56,490
0.21 BIOGEN INC 2455965 235.32 158 55,789
0.20 BAKER HUGHES CO BDHLTQ5 32.93 1,099 54,303
0.20 ON SEMICONDUCTOR 2583576 74.74 470 52,709
0.19 XCEL ENERGY INC 2614807 55.79 603 50,478
0.18 GLOBALFOUNDRIES BMW7F63 54.47 604 49,366
0.18 ANSYS INC 2045623 329.88 95 47,023
0.17 ATLASSIAN CORP-A BQ1PC76 184.21 168 46,436
0.17 MOBILEYE GLOBA-A BLFH8G4 28.91 1,070 46,416
0.17 EBAY INC 2293819 52.42 568 44,676
0.16 ZSCALER INC BZ00V34 181.13 161 43,757
0.16 DOLLAR TREE INC 2272476 118.80 238 42,425
0.12 WARNER BROS DISC BM8JYX3 8.20 2,663 32,766
0.11 VERISIGN INC 2142922 169.25 112 28,443
0.10 ZOOM VIDEO COM-A BGSP7M9 63.81 281 26,905
0.09 JD.COM INC-ADR BMM27D9 33.62 482 24,315
0.07 SIRIUS XM HOLDIN BGLDK10 3.04 4,194 19,131
Holdings are subject to change.

Sector Breakdown As of 16 May 2024

Sector Weight (%)
Technology Services 33.9
Electronic Technology 31.7
Retail Trade 11.7
Health Technology 5.3
Consumer Services 4.0
Consumer Non-Durables 3.0
Producer Manufacturing 2.7
Consumer Durables 2.1
Process Industries 1.3
Communications 1.2
Utilities 1.2
Other/Cash 1.9

Research

Three US Innovation Giants in Three Separate Industries

Read More

Beating Home Bias with US-Listed Companies

Read More

Introducing N100: The Top US 100 Innovators

Read More

Documents

FAQs

  • What is the Global X US 100 Index?

    The Global X US 100 ETF (ASX: N100), tracks the performance of 100 of the largest non-financial companies listed in the US. This index focuses on technology and innovation-driven companies, making it a valuable benchmark for investors seeking exposure to high-growth sectors. The Global X US 100 ETF encompasses a diverse range of companies spanning technology, consumer goods, healthcare, and more, reflecting the dynamic nature of today's economy.

  • What is the management fee for Global X US 100 ETF (N100)?

    The Global X US 100 ETF (ASX: N100) is Australia’s lowest-cost ETF of its kind, with an annual management fee of 0.24% p.a.

  • How to use the Global X US 100 ETF (N100) in your portfolio?

    Incorporating the Global X US 100 ETF (ASX: N100) into your investment portfolio can enhance diversification and exposure to innovative industries. To utilise the ETF effectively, consider it as a growth-oriented component within your broader investment strategy. Including the Global X US 100 ETF can balance out a portfolio that is otherwise focused on traditional sectors, providing a gateway to the rapidly evolving landscape of tech-driven advancements. However, remember that, like any investment, the Global X US 100 ETF carries risks, so it's essential to assess your risk tolerance and align this index with your overall financial goals and investment horizon.

  • How do I buy the Global X US 100 ETF (N100)?

    The Global X US 100 ETF (ASX: N100) is accessible on all major trading platforms, such as CommSec, CMC Markets, Stake, St George, and nabtrade, making it easy to invest according to your preference. Additionally, you can acquire the ETF through experienced brokers and trusted financial advisors, who can offer guidance tailored to your investment goals and strategies.

  • N100 vs FANG?

    The Global X US 100 ETF (ASX: N100) is seen as a core building block within a portfolio. The Global X FANG+ ETF (ASX: FANG) can complement this building block by further tilting a portfolio towards the mega cap stocks of the US market.

    The Global X US 100 ETF (ASX: N100) is considered a more diversified investment given it holds a portfolio of 100 US-listed companies (excluding financials & REIT), whereas the Global X FANG+ ETF (ASX: FANG) is a highly concentrated and equally weighted portfolio of 10 US-listed mega cap stocks.

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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