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GXAI

Artificial Intelligence ETF

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Reasons to Consider GXAI

High Growth Potential

The Artificial Intelligence market is projected to reach US$305.90bn in 2024 with an annual growth rate (CAGR 2024-2030) of 15.83%, resulting in a market volume of US$738.80bn by 2030.1

Rapid Commercialisation

AI is quickly expanding beyond data centers, enabling innovative commercial applications in diverse sectors, including Agriculture, Health Care, and beyond. Forecasts indicate that over 729mn individuals will use AI tools by 2030, up 254mn from 2023.2

Unconstrained Approach

Artificial intelligence spans multiple segments, and its most innovative companies include both household names and newcomers from around the world. GXAI invests accordingly and is unconstrained with respect to sector and geography.

1 Statista, Nov 2023.
2 Statista, Feb 2024.

Product Information As of 17 May 2024

Inception Date 8 Apr 2024
Management Costs (% p.a.) 0.57
Currency Hedged No
Domicile Australia
Legal Form Managed Investment Scheme
SMSF Eligible Yes

NAV Information As of 17 May 2024

NAV/Unit (A$) 9.98860000
Currency (NAV) AUD
Shares Outstanding 1,000,000
AUM (A$) 9,988,594.42
NAV History File View

Product Summary

The Global X Artificial Intelligence ETF (GXAI) seeks to invest in companies that potentially stand to benefit from the further development and utilisation of artificial intelligence (AI) technology in their products and services, as well as in companies that provide hardware facilitating the use of AI for the analysis of big data.

Product Objective

The Global X Artificial Intelligence ETF (GXAI) seeks to provide investors with a return that (before fees and expenses) tracks the performance of the Indxx Artificial Intelligence & Big Data Index.

Trading Details

Ticker GXAI
Bloomberg Code GXAI AU Equity
ISIN AU0000324113
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

Benchmark Information

Benchmark Indxx Artificial Intelligence & Big Data Index
Provider Indxx Inc
Ticker IAIQ

Distributions

Distribution Frequency Semi-Annually

Performance Table As of 17 May 2024

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month 1.45% 1.50% -0.05% 0.01%
3 Months -- -- -- --
1 Year -- -- -- --
3 Year p.a. -- -- -- --
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception -0.11% -0.16% 0.04% 0.05%

Top Holdings As of 20 May 2024

Full Holdings (.xlsx)
Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
4.27 NVIDIA CORP 2379504 924.79 324 447,981
4.09 TENCENT BMMV2K8 395.00 5,661 428,587
3.53 NETFLIX INC 2857817 621.10 399 370,515
3.52 QUALCOMM INC 2714923 193.86 1,272 368,677
3.39 META PLATFORMS-A B7TL820 471.91 504 355,599
3.33 ALPHABET INC-A BYVY8G0 176.06 1,327 349,303
3.33 ALIBABA GRP-ADR BP41ZD1 88.54 2,637 349,077
3.29 AMAZON.COM INC 2000019 184.70 1,251 345,458
3.16 BROADCOM INC BDZ78H9 1,395.29 159 331,690
3.07 ORACLE CORP 2661568 123.50 1,744 322,021
2.94 MICROSOFT CORP 2588173 420.21 490 307,846
2.87 SALESFORCE INC 2310525 285.61 705 301,047
2.85 SERVICENOW INC B80NXX8 765.05 261 298,539
2.84 SAMSUNG ELECTRON 6771720 77,400.00 3,443 294,053
2.71 APPLE INC 2046251 189.87 1,000 283,875
2.70 IBM 2005973 169.03 1,122 283,549
2.59 CISCO SYSTEMS 2198163 48.17 3,771 271,584
2.44 SIEMENS AG-REG 5727973 172.56 912 255,903
2.36 TESLA INC B616C79 177.46 933 247,545
2.27 ACCENTURE PLC-A B4BNMY3 303.59 525 238,297
2.25 ADOBE INC 2008154 483.43 327 236,348
2.25 MICRON TECH 2588184 125.29 1,257 235,463
2.19 UBER TECHNOLOGIE BK6N347 65.67 2,340 229,749
1.81 INTEL CORP 2463247 31.83 3,994 190,071
1.63 SK HYNIX INC 6450267 189,900.00 819 171,616
1.45 MEITUAN-W BGJW376 125.00 6,451 154,556
1.41 SYNOPSYS INC 2867719 566.73 174 147,434
1.26 CADENCE DESIGN 2302232 288.81 307 132,563
1.26 THOMSON REUTERS BNBXPB4 171.02 516 131,937
1.14 SHOPIFY INC - A BXDZ9Z0 58.53 1,372 120,062
1.12 NXP SEMICONDUCTO B505PN7 267.72 294 117,679
0.88 WORKDAY INC-A B8K6ZD1 257.93 240 92,552
0.86 INFINEON TECH 5889505 37.01 1,491 89,718
0.80 SUPER MICRO COMP B1VQR35 887.89 63 83,632
0.76 FORTINET INC B5B2106 61.43 873 80,180
0.70 EXPERIAN PLC B19NLV4 36.91 1,050 73,580
0.68 TRADE DESK INC-A BD8FDD1 94.78 504 71,420
0.66 FUJIKURA LTD 6356707 2,846.50 2,424 66,376
0.64 WOLTERS KLUWER 5671519 146.60 282 67,224
0.60 GE HEALTHCARE TE BL6JPG8 81.86 516 63,153
0.59 DATADOG INC-A BKT9Y49 120.07 345 61,933
0.51 FUJITSU LTD 6356945 2,360.50 2,371 53,839
0.51 BAIDU INC-SP ADR B0FXT17 110.58 324 53,566
0.50 FANUC CORP 6356934 4,597.00 1,155 51,076
0.48 ROCKWELL AUTOMAT 2754060 269.76 126 50,818
0.47 CELESTICA INC BMDLRD5 51.58 639 49,278
0.43 EBAY INC 2293819 51.48 588 45,257
0.43 ZSCALER INC BZ00V34 178.86 168 44,926
0.38 HEWLETT PACKA BYVYWS0 17.86 1,478 39,466
0.38 SOCIONEXT INC BMTVX75 4,314.00 893 37,059
0.37 PEGASYSTEMS INC 2675860 62.88 408 38,357
0.36 SNAP INC - A BD8DJ71 16.05 1,582 37,962
0.35 HUBBELL INC BDFG6S3 392.74 63 36,993
0.34 ZEBRA TECH CORP 2989356 317.89 75 35,646
0.34 OKTA INC BDFZSP1 102.96 230 35,405
0.33 SEAGATE TECHNOLO BKVD2N4 95.27 240 34,185
0.33 RAKUTEN GROUP IN 6229597 795.60 4,421 33,836
0.32 AMPLIFON SPA B14NJ71 34.07 609 33,739
0.32 NEC CORP 6640400 10,965.00 315 33,226
0.30 VERINT SYSTEMS 2849193 32.09 664 31,857
0.29 CYBERARK SOFTWAR BQT3XY6 246.33 84 30,936
0.29 ERICSSON LM-ADR 2031730 5.74 3,506 30,088
0.28 WIX.COM LTD BFZCHN7 135.68 147 29,820
0.28 CCC INTELLIGENT BP4CXL8 11.21 1,770 29,665
0.28 C3.AI INC-A BMGNBJ2 26.39 736 29,039
0.28 ADVANTECH 6202673 351.00 1,780 28,987
0.27 ACER INC 6005850 48.15 12,872 28,755
0.27 INFORMATICA IN-A BMG95P4 29.52 650 28,688
0.27 DOCUSIGN INC BFYT7B7 60.22 315 28,359
0.27 PROCORE TECHNOLO BLH11J8 69.46 273 28,351
0.27 TOSHIBA TEC CORP 6894887 3,010.00 949 27,479
0.26 GENPACT LTD B23DBK6 34.31 537 27,546
0.26 TIETOEVRY OYJ 5479702 19.59 851 27,108
0.25 SMARTSHEET INC-A BFZND98 42.03 420 26,392
0.24 UIPATH INC -CL A BMD02L5 20.41 829 25,297
0.24 STONECO LTD-A BGKG6M3 14.63 1,143 25,001
0.23 AMBARELLA INC B7KH3G6 49.01 336 24,620
0.23 TWILIO INC - A BD6P5Q0 62.08 264 24,503
0.23 GLOBAL UNICHIP B056381 1,430.00 354 23,486
0.22 VIASAT INC 2946243 19.00 810 23,010
0.21 ALCHIP TECH B4TPSL0 2,800.00 164 21,305
0.20 DXC TECHNOLOGY C BYXD7B3 16.52 845 20,871
0.20 TERADATA CORP B247H10 33.57 408 20,478
0.18 TEMENOS AG-REG 7147892 56.70 198 18,505
Holdings are subject to change.

Sector Breakdown As of 20 May 2024

Sector Weight (%)
Information Technology 62.2
Communication Services 15.9
Consumer Discretionary 11.2
Industrials 9.5
Health Care 0.9
Financials 0.2
Other/Cash 0.1

Country Breakdown As of 20 May 2024

Country Weight (%)
United States 69.4
China 9.4
South Korea 4.5
Germany 3.3
Japan 3.0
Ireland 3.0
Canada 2.9
Netherlands 1.8
Taiwan 1.0
Israel 0.6
Italy 0.3
Other/Cash 0.8

Research

Four Companies Reshaping the Artificial Intelligence Landscape

Read More

Cybersecurity Faces Transformation from Generative AI

Read More

Introducing GXAI: Capture the AI Revolution

Read More

Documents

FAQs

  • What is artificial intelligence?

    The field of artificial intelligence (AI) refers to the design of computer systems that can automate tasks that would otherwise require human intelligence or intervention. Virtual assistants, navigational apps, content recommendation systems, and generative AI tools such as ChatGPT are all examples of AI in our daily lives.

    The opportunity for AI today lies in the application of machine learning and deep learning. These subsets of the technology focus on creating AI algorithms that seek to emulate the decision-making processes of a human brain. These algorithms are capable of ‘learning’ from data to make increasingly accurate predictions or classifications over time. This includes improvements in its ability to adapt to new situations, understand complex content, and engage in natural human-like interactions.

    ChatGPT and generative AI are the latest iterations of this technology. Generative AI models are capable of near instant generation of content based on a single prompt and have the potential to change how a huge portion of the economy operates. While the full scope of the impact is still unknown, it is likely to become a massive driver of growth for numerous industries as it develops.

  • Why invest in artificial intelligence?

    AI’s broad applicability represents a platform shift in the making, one that will have a broad impact on the adoption of technology across the economy. Roughly 56% of companies utilise AI in their operations today, but most have only engaged in limited implementation, representing a significant opportunity for entrenchment.1 In industries like healthcare, cybersecurity, manufacturing, and transportation for example, AI can improve service delivery, identify system weaknesses, personalise customer experiences, and foster new product development.

    Overall, AI could contribute up to US$16 trillion to global GDP in 2030 with roughly US$9 trillion originating from consumption side-effects and the other US$7 trillion coming from increased productivity and efficiency.2 For context, that would equate to almost 14% of global GDP, more than the combined growth of China and India today.3

    1 Compta. (February 29, 2024). Top Artificial Intelligence Statistics and Facts for 2024.
    2 Me, Myself an AI: What you need to know, and Medium. (August 31, 2023). The Socioeconomic Impact of AI: Bridging the Digital Divide and Empowering Communities.
    3 Ibid.

  • How are the companies in the index identified and weighted?

    GXAI seeks to track the Indxx Artificial Intelligence & Big Data Index which aims to capture the performance of companies that are positioned to benefit from the development and utilisation of AI technology in their products and services, as well as companies that produce hardware used in AI for the analysis of big data.

    Components are chosen based on both categorisation and exposures scores. Category 1 includes companies identified as ‘AI Developers’ and providers of ‘AI-as-a-service’. Category 2 includes companies identified as ‘AI Hardware’ and ‘Quantum Computing’. Companies are then scored by the extent of their AI exposure using a proprietary framework. The top 60 securities from Category 1 and the top 25 securities from Category 2 will be selected for the final security selection based on their exposure score. Each component of the index with an exposure score >20% is subject to a maximum weight of 3%, and components with exposure score <20% have a maximum weight of 1%.

    For more information on the index methodology, please visit https://www.indxx.com/indices/thematic-indices/indxx_artificial_intelligence_&_big_data_index

  • How does GXAI invest in artificial intelligence companies?

    GXAI is a full replication ETF which tracks the Indxx Artificial Intelligence & Big Data Index by holding all securities in the same weighting as the index. GXAI shares an index with the Nasdaq-listed Global X Artificial Intelligence & Technology ETF (AIQ), which is managed by the Global X team in New York. AIQ is one of the largest AI-focused thematic ETFs in the world with more than US$1.6 billion in assets under management as of March 2024.

  • What are the benefits of using an ETF to access artificial intelligence?

    An ETF allows diversified access to AI companies at a low cost and reduced risk compared to individual stock picking. For example, the Global X Artificial Intelligence ETF (ASX: GXAI) seeks to invest in the full value-chain of companies that stand to benefit from the increased adoption of AI technology, particularly those whose principal business is in the development and distribution of AI tools, hardware, and other autonomous systems.

  • How can you use GXAI in a portfolio?


    • As a satellite portfolio component to gain exposure to increasing AI demand and the long-term growth potential of the overall AI industry.

    • As a thematic tilt towards other megatrends such as digitalisation, internet of things (IoT), and automation.

    • As a complementary diversification tool for major technology stocks in the S&P 500 and Nasdaq 100.

    • To capture emerging AI opportunities without the risk of having to pick and identify prospective firms or startups within a technical and nascent industry.

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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