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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 16 Jan 2025

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 16 Jan 2025

NAV/Unit (A$) 12.21260000
Currency (NAV) AUD
Shares Outstanding 4,100,000
AUM (A$) 50,071,754.64
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 As of 31 Dec 2024

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

Performance Table As of 16 Jan 2025

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month -1.72% -1.66% -0.05% 0.01%
3 Months 11.28% 11.45% -0.17% 0.02%
1 Year -- -- -- --
3 Year p.a. -- -- -- --
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception 22.13% 22.62% -0.50% 0.07%

Top Holdings As of 17 Jan 2025

Full Holdings (.xlsx)
Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
4.60 TESLA INC B616C79 413.82 3,465 2,305,098
3.84 BROADCOM INC BDZ78H9 229.41 5,212 1,922,169
3.77 SERVICENOW INC B80NXX8 1,057.16 1,112 1,889,819
3.58 NETFLIX INC 2857817 842.37 1,323 1,791,585
3.54 CISCO SYSTEMS 2198163 59.82 18,415 1,770,895
3.44 META PLATFORMS-A B7TL820 611.30 1,751 1,720,740
3.42 SALESFORCE INC 2310525 320.00 3,330 1,713,046
3.32 IBM 2005973 222.66 4,638 1,660,151
3.25 AMAZON.COM INC 2000019 220.66 4,582 1,625,374
3.06 ORACLE CORP 2661568 159.54 5,965 1,529,871
2.99 NVIDIA CORP 2379504 133.57 6,965 1,495,563
2.97 ALIBABA GRP-ADR BP41ZD1 82.43 11,220 1,486,801
2.91 ALPHABET INC-A BYVY8G0 192.91 4,698 1,456,943
2.91 ACCENTURE PLC-A B4BNMY3 350.56 2,584 1,456,229
2.85 TENCENT BMMV2K8 382.40 18,223 1,438,321
2.78 APPLE INC 2046251 228.26 3,795 1,392,568
2.62 MICROSOFT CORP 2588173 424.58 1,922 1,311,860
2.44 SIEMENS AG-REG 5727973 195.16 3,782 1,222,208
2.29 QUALCOMM INC 2714923 161.43 4,418 1,146,528
2.17 UBER TECHNOLOGIE BK6N347 68.58 9,876 1,088,813
2.14 ADOBE INC 2008154 426.93 1,561 1,071,357
1.90 SHOPIFY INC - A BXDZ9Z0 103.50 5,714 950,726
1.73 MICRON TECH 2588184 102.60 5,242 864,608
1.67 SAMSUNG ELECTRON 6771720 54,300.00 14,119 846,074
1.61 SK HYNIX INC 6450267 210,000.00 3,437 796,532
1.58 MEITUAN-W BGJW376 147.60 26,233 799,194
1.27 INTEL CORP 2463247 19.67 20,120 636,220
1.23 CADENCE DESIGN 2302232 298.90 1,283 616,492
1.21 SYNOPSYS INC 2867719 515.81 730 605,323
1.09 FORTINET INC B5B2106 94.05 3,610 545,809
1.08 THOMSON REUTERS BNBXPB4 158.15 2,130 541,531
0.82 TRADE DESK INC-A BD8FDD1 120.84 2,101 408,142
0.81 NXP SEMICONDUCTO B505PN7 210.76 1,204 407,934
0.80 WORKDAY INC-A B8K6ZD1 250.70 996 401,410
0.68 INFINEON TECH 5889505 33.43 6,183 342,270
0.66 WOLTERS KLUWER 5671519 170.00 1,180 332,173
0.64 DATADOG INC-A BKT9Y49 136.79 1,464 321,936
0.62 EXPERIAN PLC B19NLV4 36.47 4,346 311,748
0.59 GE HEALTHCARE TE BL6JPG8 85.00 2,161 295,290
0.53 FUJITSU LTD 6356945 2,669.50 9,733 268,722
0.52 TWILIO INC - A BD6P5Q0 114.63 1,426 262,780
0.52 CELESTICA INC BMDLRD5 110.72 1,475 262,538
0.51 FUJIKURA LTD 6356707 5,940.00 4,214 258,885
0.50 EBAY INC 2293819 65.06 2,374 248,296
0.48 ROCKWELL AUTOMAT 2754060 280.96 537 242,546
0.46 HEWLETT PACKA BYVYWS0 23.41 6,144 231,221
0.45 PEGASYSTEMS INC 2675860 102.49 1,358 223,746
0.44 DOCUSIGN INC BFYT7B7 91.16 1,520 222,753
0.43 FANUC CORP 6356934 4,434.00 4,718 216,361
0.43 ZSCALER INC BZ00V34 187.55 710 214,067
0.40 ERICSSON LM-ADR 2031730 8.46 14,565 198,087
0.39 WIX.COM LTD BFZCHN7 241.72 500 194,293
0.37 CYBERARK SOFTWAR BQT3XY6 355.51 325 185,742
0.37 AMBARELLA INC B7KH3G6 78.18 1,476 185,505
0.37 GENPACT LTD B23DBK6 44.84 2,546 183,526
0.35 BAIDU INC-SP ADR B0FXT17 80.73 1,349 175,074
0.35 HUBBELL INC BDFG6S3 433.92 250 174,391
0.33 NEC CORP 6640400 12,790.00 1,276 168,790
0.33 ZEBRA TECH CORP 2989356 402.72 253 163,794
0.32 SMARTSHEET INC-A BFZND98 56.30 1,762 159,474
0.31 C3.AI INC-A BMGNBJ2 32.31 3,004 156,031
0.31 PROCORE TECHNOLO BLH11J8 78.11 1,223 153,571
0.30 TEMENOS AG-REG 7147892 72.65 1,182 151,376
0.30 SEAGATE TECHNOLO BKVD2N4 95.07 989 151,152
0.30 UIPATH INC -CL A BMD02L5 13.35 6,934 148,813
0.29 DXC TECHNOLOGY C BYXD7B3 20.63 4,317 143,171
0.28 ALCHIP TECH B4TPSL0 2,920.00 991 141,279
0.28 SUPER MICRO COMP BRC3N73 31.12 2,777 138,928
0.27 CCC INTELLIGENT BP4CXL8 11.11 7,653 136,685
0.27 RAKUTEN GROUP IN 6229597 899.50 14,687 136,634
0.27 INFORMATICA IN-A BMG95P4 24.53 3,431 135,299
0.27 ADVANTECH 6202673 364.50 7,550 134,359
0.26 TERADATA CORP B247H10 31.00 2,639 131,515
0.26 TOSHIBA TEC CORP 6894887 3,375.00 3,766 131,456
0.25 OKTA INC BDFZSP1 85.67 894 123,124
0.24 GLOBAL UNICHIP B056381 1,255.00 1,954 119,727
0.24 TIETOEVRY OYJ 5479702 17.27 4,184 119,651
0.24 SNAP INC - A BD8DJ71 11.22 6,555 118,233
0.23 AMPLIFON SPA B14NJ71 26.55 2,657 116,812
0.22 ACER INC 6005850 37.00 60,822 109,871
0.21 SOCIONEXT INC BMTVX75 2,555.00 4,052 107,075
0.19 VERINT SYSTEMS 2849193 24.36 2,460 96,336
0.17 STONECO LTD-A BGKG6M3 8.42 6,283 85,046
0.13 VIASAT INC 2946243 8.47 4,928 67,101
Holdings are subject to change.

Sector Breakdown As of 17 Jan 2025

Sector Weight (%)
Information Technology 62.4
Communication Services 14.2
Consumer Discretionary 13.2
Industrials 9.1
Health Care 0.8
Financials 0.2
Other/Cash 0.1

Country Breakdown As of 17 Jan 2025

Country Weight (%)
United States 71.5
China 7.8
Ireland 3.5
Canada 3.5
South Korea 3.3
Germany 3.1
Japan 2.5
Netherlands 1.5
Taiwan 1.0
Israel 0.8
Sweden 0.4
Other/Cash 1.1

Research

Advancing AI Requires Major Datacentre and Digital Infrastructure Upgrades

Read More

How to Position Tech and Artificial Intelligence in Your Portfolio

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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