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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 12 Sep 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 12 Sep 2024

NAV/Unit (A$) 10.21550000
Currency (NAV) AUD
Shares Outstanding 2,700,000
AUM (A$) 27,581,824.44
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
Distribution History View

Performance Table As of 12 Sep 2024

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month 3.70% 3.77% -0.07% 0.01%
3 Months -0.25% -0.09% -0.16% 0.03%
1 Year -- -- -- --
3 Year p.a. -- -- -- --
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception 2.15% 2.33% -0.18% 0.06%

Top Holdings As of 13 Sep 2024

Full Holdings (.xlsx)
Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
3.52 SERVICENOW INC B80NXX8 886.13 733 970,684
3.50 IBM 2005973 211.61 3,055 966,104
3.44 ORACLE CORP 2661568 161.38 3,929 947,563
3.42 ALIBABA GRP-ADR BP41ZD1 85.49 7,387 943,756
3.28 META PLATFORMS-A B7TL820 525.60 1,151 904,081
3.27 ADOBE INC 2008154 586.55 1,029 901,980
3.26 CISCO SYSTEMS 2198163 49.61 12,128 899,156
3.26 NETFLIX INC 2857817 686.80 875 898,080
3.23 ACCENTURE PLC-A B4BNMY3 349.89 1,702 889,954
3.11 TENCENT BMMV2K8 372.60 11,976 854,602
3.06 BROADCOM INC BDZ78H9 164.56 3,433 844,257
3.05 AMAZON.COM INC 2000019 187.00 3,015 842,569
3.02 APPLE INC 2046251 222.77 2,498 831,621
3.01 SALESFORCE INC 2310525 253.37 2,195 831,125
2.96 NVIDIA CORP 2379504 119.14 4,586 816,523
2.93 MICROSOFT CORP 2588173 427.00 1,265 807,226
2.84 TESLA INC B616C79 229.81 2,282 783,720
2.60 QUALCOMM INC 2714923 164.98 2,907 716,725
2.59 ALPHABET INC-A BYVY8G0 154.69 3,093 715,021
2.45 SIEMENS AG-REG 5727973 164.30 2,494 676,051
2.41 SAMSUNG ELECTRON 6771720 66,300.00 9,239 683,779
2.40 UBER TECHNOLOGIE BK6N347 68.09 6,503 661,719
1.63 MICRON TECH 2588184 87.21 3,451 449,767
1.49 MEITUAN-W BGJW376 122.30 17,192 402,682
1.48 SK HYNIX INC 6450267 168,800.00 2,244 422,836
1.45 SHOPIFY INC - A BXDZ9Z0 71.31 3,764 401,122
1.39 INTEL CORP 2463247 19.36 13,251 383,381
1.32 THOMSON REUTERS BNBXPB4 173.76 1,402 364,061
1.27 SYNOPSYS INC 2867719 488.95 478 349,276
1.24 CADENCE DESIGN 2302232 269.90 848 342,039
0.97 NXP SEMICONDUCTO B505PN7 225.14 797 268,156
0.96 FORTINET INC B5B2106 74.49 2,378 264,720
0.90 WORKDAY INC-A B8K6ZD1 251.19 660 247,755
0.78 TRADE DESK INC-A BD8FDD1 104.50 1,386 216,449
0.76 EXPERIAN PLC B19NLV4 37.56 2,862 210,134
0.72 WOLTERS KLUWER 5671519 155.30 775 198,572
0.71 INFINEON TECH 5889505 29.26 4,071 196,493
0.70 FUJITSU LTD 6356945 2,925.50 6,403 196,419
0.67 GE HEALTHCARE TE BL6JPG8 87.46 1,421 185,729
0.57 DATADOG INC-A BKT9Y49 109.63 961 157,445
0.53 EBAY INC 2293819 63.18 1,562 147,481
0.49 ROCKWELL AUTOMAT 2754060 258.00 354 136,490
0.45 FANUC CORP 6356934 3,809.00 3,103 123,935
0.44 SUPER MICRO COMP B1VQR35 442.13 183 120,914
0.43 FUJIKURA LTD 6356707 4,079.00 2,780 118,905
0.43 ZSCALER INC BZ00V34 166.71 471 117,344
0.41 NEC CORP 6640400 13,275.00 839 116,788
0.40 BAIDU INC-SP ADR B0FXT17 84.07 888 111,566
0.38 ERICSSON LM-ADR 2031730 7.31 9,593 104,797
0.37 HEWLETT PACKA BYVYWS0 16.86 4,045 101,918
0.36 HUBBELL INC BDFG6S3 399.18 166 99,027
0.36 SEAGATE TECHNOLO BKVD2N4 100.62 653 98,192
0.35 GENPACT LTD B23DBK6 38.50 1,678 96,545
0.35 RAKUTEN GROUP IN 6229597 938.10 9,678 95,200
0.32 PEGASYSTEMS INC 2675860 66.64 895 89,132
0.32 DXC TECHNOLOGY C BYXD7B3 20.76 2,846 88,296
0.32 SMARTSHEET INC-A BFZND98 50.56 1,161 87,723
0.31 TOSHIBA TEC CORP 6894887 3,370.00 2,477 87,530
0.31 CYBERARK SOFTWAR BQT3XY6 272.75 213 86,820
0.31 INFORMATICA IN-A BMG95P4 25.56 2,257 86,212
0.31 ZEBRA TECH CORP 2989356 337.04 169 85,123
0.31 DOCUSIGN INC BFYT7B7 56.49 1,002 84,589
0.31 TIETOEVRY OYJ 5479702 18.58 2,756 84,483
0.30 TWILIO INC - A BD6P5Q0 59.15 937 82,827
0.30 TEMENOS AG-REG 7147892 60.50 777 82,266
0.30 UIPATH INC -CL A BMD02L5 12.02 4,567 82,037
0.30 SOCIONEXT INC BMTVX75 2,883.00 2,663 80,504
0.29 CCC INTELLIGENT BP4CXL8 10.75 5,039 80,952
0.28 AMPLIFON SPA B14NJ71 27.23 1,748 78,530
0.28 ACER INC 6005850 41.55 39,956 77,218
0.28 AMBARELLA INC B7KH3G6 52.83 972 76,740
0.28 WIX.COM LTD BFZCHN7 153.72 332 76,268
0.27 ADVANTECH 6202673 323.50 4,962 74,662
0.27 STONECO LTD-A BGKG6M3 11.90 4,140 73,625
0.26 ALCHIP TECH B4TPSL0 2,435.00 651 73,730
0.26 VIASAT INC 2946243 15.02 3,248 72,906
0.26 TERADATA CORP B247H10 27.78 1,741 72,278
0.25 PROCORE TECHNOLO BLH11J8 57.11 803 68,534
0.25 C3.AI INC-A BMGNBJ2 22.87 1,981 67,706
0.24 CELESTICA INC BMDLRD5 45.55 971 66,097
0.23 OKTA INC BDFZSP1 73.50 586 64,367
0.22 GLOBAL UNICHIP B056381 1,060.00 1,282 63,206
0.22 VERINT SYSTEMS 2849193 25.07 1,620 60,694
0.22 SNAP INC - A BD8DJ71 9.32 4,316 60,114
Holdings are subject to change.

Sector Breakdown As of 13 Sep 2024

Sector Weight (%)
Information Technology 63.5
Communication Services 13.6
Consumer Discretionary 11.7
Industrials 9.7
Health Care 1.0
Financials 0.3
Other/Cash 0.2

Country Breakdown As of 13 Sep 2024

Country Weight (%)
United States 69.5
China 8.4
Ireland 4.0
South Korea 3.9
Germany 3.2
Canada 3.0
Japan 3.0
Netherlands 1.7
Taiwan 1.0
Israel 0.6
Sweden 0.4
Other/Cash 1.3

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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