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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 Dec 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 Dec 2024

NAV/Unit (A$) 12.26810000
Currency (NAV) AUD
Shares Outstanding 3,650,000
AUM (A$) 44,778,741.29
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 Dec 2024

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month 5.99% 6.04% -0.06% 0.01%
3 Months 20.09% 20.30% -0.20% 0.03%
1 Year -- -- -- --
3 Year p.a. -- -- -- --
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception 22.68% 23.10% -0.42% 0.06%

Top Holdings As of 13 Dec 2024

Full Holdings (.xlsx)
Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
4.51 TESLA INC B616C79 418.10 3,085 2,021,532
3.98 SERVICENOW INC B80NXX8 1,148.42 990 1,781,891
3.82 NETFLIX INC 2857817 925.55 1,179 1,710,248
3.72 SALESFORCE INC 2310525 358.03 2,965 1,663,755
3.44 META PLATFORMS-A B7TL820 630.79 1,558 1,540,272
3.38 CISCO SYSTEMS 2198163 58.85 16,394 1,512,087
3.36 IBM 2005973 232.26 4,129 1,503,019
3.27 AMAZON.COM INC 2000019 228.97 4,078 1,463,427
3.26 ORACLE CORP 2661568 175.32 5,311 1,459,328
3.12 ALIBABA GRP-ADR BP41ZD1 89.23 9,988 1,396,802
3.02 TENCENT BMMV2K8 415.60 16,219 1,358,748
2.98 NVIDIA CORP 2379504 137.34 6,200 1,334,547
2.93 BROADCOM INC BDZ78H9 180.66 4,640 1,313,788
2.93 APPLE INC 2046251 247.96 3,378 1,312,764
2.90 ACCENTURE PLC-A B4BNMY3 360.18 2,301 1,298,917
2.81 ALPHABET INC-A BYVY8G0 191.96 4,182 1,258,172
2.69 MICROSOFT CORP 2588173 449.56 1,711 1,205,544
2.40 SIEMENS AG-REG 5727973 194.00 3,368 1,072,585
2.31 ADOBE INC 2008154 474.63 1,390 1,033,987
2.18 QUALCOMM INC 2714923 158.24 3,932 975,158
2.05 SHOPIFY INC - A BXDZ9Z0 115.31 5,088 919,516
1.89 UBER TECHNOLOGIE BK6N347 61.41 8,792 846,198
1.72 SAMSUNG ELECTRON 6771720 55,900.00 12,556 768,453
1.71 MEITUAN-W BGJW376 168.90 23,322 794,026
1.60 MICRON TECH 2588184 98.24 4,666 718,420
1.30 SK HYNIX INC 6450267 176,100.00 3,052 588,434
1.30 INTEL CORP 2463247 20.78 17,912 583,358
1.23 CADENCE DESIGN 2302232 308.22 1,143 552,144
1.16 SYNOPSYS INC 2867719 511.73 649 520,512
1.12 THOMSON REUTERS BNBXPB4 169.04 1,896 502,311
1.11 FORTINET INC B5B2106 98.60 3,214 496,670
0.87 TRADE DESK INC-A BD8FDD1 133.57 1,871 391,677
0.85 WORKDAY INC-A B8K6ZD1 274.82 888 382,478
0.82 NXP SEMICONDUCTO B505PN7 217.73 1,073 366,154
0.71 DATADOG INC-A BKT9Y49 156.73 1,302 319,822
0.67 INFINEON TECH 5889505 33.18 5,504 299,787
0.63 EXPERIAN PLC B19NLV4 36.62 3,869 281,789
0.62 WOLTERS KLUWER 5671519 162.20 1,050 279,575
0.56 FUJITSU LTD 6356945 2,865.50 8,671 255,674
0.55 GE HEALTHCARE TE BL6JPG8 81.63 1,923 246,022
0.54 FUJIKURA LTD 6356707 6,130.00 3,749 236,479
0.51 TWILIO INC - A BD6P5Q0 114.96 1,269 228,641
0.51 ROCKWELL AUTOMAT 2754060 302.92 478 226,935
0.47 EBAY INC 2293819 63.90 2,113 211,615
0.46 ZSCALER INC BZ00V34 206.36 633 204,727
0.45 DOCUSIGN INC BFYT7B7 94.52 1,354 200,580
0.42 CELESTICA INC BMDLRD5 91.01 1,313 187,283
0.42 HEWLETT PACKA BYVYWS0 21.83 5,469 187,114
0.41 PEGASYSTEMS INC 2675860 96.28 1,209 182,435
0.39 FANUC CORP 6356934 4,144.00 4,196 178,925
0.38 BAIDU INC-SP ADR B0FXT17 90.32 1,201 170,009
0.37 ERICSSON LM-ADR 2031730 8.23 12,967 167,257
0.36 C3.AI INC-A BMGNBJ2 38.25 2,675 160,362
0.36 HUBBELL INC BDFG6S3 455.34 223 159,142
0.35 GENPACT LTD B23DBK6 44.73 2,267 158,926
0.35 WIX.COM LTD BFZCHN7 224.50 446 156,927
0.34 NEC CORP 6640400 13,175.00 1,134 153,738
0.34 AMBARELLA INC B7KH3G6 73.09 1,314 150,522
0.33 SUPER MICRO COMP BRC3N73 37.93 2,474 147,071
0.33 CYBERARK SOFTWAR BQT3XY6 321.54 289 145,639
0.32 ZEBRA TECH CORP 2989356 407.64 226 144,388
0.31 PROCORE TECHNOLO BLH11J8 81.58 1,088 139,110
0.31 SMARTSHEET INC-A BFZND98 55.99 1,569 137,682
0.31 UIPATH INC -CL A BMD02L5 14.23 6,173 137,672
0.30 SEAGATE TECHNOLO BKVD2N4 96.92 881 133,824
0.29 DXC TECHNOLOGY C BYXD7B3 21.72 3,844 130,854
0.29 CCC INTELLIGENT BP4CXL8 12.24 6,813 130,697
0.29 RAKUTEN GROUP IN 6229597 970.00 13,078 130,536
0.29 TOSHIBA TEC CORP 6894887 3,770.00 3,352 130,036
0.29 INFORMATICA IN-A BMG95P4 27.07 3,054 129,569
0.27 TEMENOS AG-REG 7147892 65.80 1,052 122,070
0.27 TERADATA CORP B247H10 33.08 2,351 121,889
0.27 ALCHIP TECH B4TPSL0 2,745.00 881 116,557
0.25 ADVANTECH 6202673 352.00 6,713 113,889
0.24 GLOBAL UNICHIP B056381 1,325.00 1,736 110,863
0.24 TIETOEVRY OYJ 5479702 17.46 3,725 106,765
0.23 OKTA INC BDFZSP1 83.91 795 104,551
0.23 SNAP INC - A BD8DJ71 11.38 5,835 104,071
0.23 VERINT SYSTEMS 2849193 30.29 2,190 103,965
0.22 AMPLIFON SPA B14NJ71 25.63 2,365 99,503
0.22 ACER INC 6005850 38.15 54,111 99,495
0.22 SOCIONEXT INC BMTVX75 2,561.50 3,603 94,968
0.18 STONECO LTD-A BGKG6M3 8.97 5,594 78,643
0.14 VIASAT INC 2946243 9.16 4,388 62,995
Holdings are subject to change.

Sector Breakdown As of 13 Dec 2024

Sector Weight (%)
Information Technology 62.1
Communication Services 14.6
Consumer Discretionary 13.4
Industrials 8.8
Health Care 0.8
Financials 0.2
Other/Cash 0.1

Country Breakdown As of 13 Dec 2024

Country Weight (%)
United States 71.3
China 8.2
Canada 3.6
Ireland 3.5
Germany 3.1
South Korea 3.0
Japan 2.6
Netherlands 1.4
Taiwan 1.0
Israel 0.7
Sweden 0.4
Other/Cash 1.2

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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