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 2 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 2 May 2024

NAV/Unit (A$) 11.73430000
Currency (NAV) AUD
Shares Outstanding 2,200,009
AUM (A$) 25,815,499.67
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 28 Mar 2024

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

Performance Table As of 2 May 2024

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month -3.20% -3.19% -0.01% 0.01%
3 Months 0.84% 0.87% -0.03% 0.01%
1 Year -- -- -- --
3 Year p.a. -- -- -- --
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception 17.38% 17.47% -0.09% 0.04%

Top Holdings As of 3 May 2024

Full Holdings (.xlsx)
Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
10.47 MICROSOFT CORP 2588173 397.84 4,441 2,702,987
9.08 APPLE INC 2046251 173.03 8,859 2,345,097
8.37 NVIDIA CORP 2379504 858.17 1,646 2,161,016
7.55 AMAZON.COM INC 2000019 184.72 6,895 1,948,511
3.90 ALPHABET INC-A BYVY8G0 166.62 3,953 1,007,648
3.88 META PLATFORMS-A B7TL820 441.68 1,482 1,001,407
3.83 ALPHABET INC-C BYY88Y7 168.46 3,835 988,364
3.31 BROADCOM INC BDZ78H9 1,238.57 451 854,578
2.26 TESLA INC B616C79 180.01 2,122 584,382
2.10 COSTCO WHOLESALE 2701271 732.44 484 542,341
1.56 PEPSICO INC 2681511 175.45 1,502 403,161
1.56 NETFLIX INC 2857817 565.15 466 402,907
1.53 ADV MICRO DEVICE 2007849 146.16 1,764 394,441
1.41 ADOBE INC 2008154 476.57 498 363,087
1.32 LINDE PLC BNZHB81 419.62 530 340,241
1.30 QUALCOMM INC 2714923 180.10 1,217 335,320
1.24 T-MOBILE US INC B94Q9V0 164.91 1,269 320,157
1.23 CISCO SYSTEMS 2198163 46.79 4,423 316,610
1.11 INTUIT INC 2459020 614.04 306 287,457
1.07 APPLIED MATERIAL 2046552 197.91 914 276,738
1.03 TEXAS INSTRUMENT 2885409 175.80 992 266,800
1.01 COMCAST CORP-A 2044545 38.36 4,423 259,567
0.96 AMGEN INC 2023607 278.39 584 248,726
0.86 INTUITIVE SURGIC 2871301 377.65 384 221,858
0.83 INTEL CORP 2463247 30.51 4,605 214,945
0.83 HONEYWELL INTL 2020459 193.64 720 213,296
0.80 MICRON TECH 2588184 112.33 1,199 206,049
0.78 BOOKING HOLDINGS BDRXDB4 3,472.91 38 201,898
0.75 LAM RESEARCH 2502247 883.68 144 194,676
0.67 VERTEX PHARM 2931034 400.16 282 172,638
0.65 ARM HOLDINGS PLC BNSP5P7 98.00 1,120 167,919
0.65 REGENERON PHARM 2730190 937.61 117 167,827
0.65 AUTOMATIC DATA 2065308 242.03 450 166,624
0.63 ANALOG DEVICES 2032067 196.49 544 163,529
0.62 MONDELEZ INTER-A B8CKK03 70.50 1,486 160,274
0.60 KLA CORP 2480138 682.05 149 155,474
0.60 PALO ALTO NETWOR B87ZMX0 295.32 343 154,968
0.55 STARBUCKS CORP 2842255 74.93 1,248 143,062
0.54 PDD HOLDINGS INC BYVW0F7 137.54 660 138,876
0.53 GILEAD SCIENCES 2369174 65.33 1,362 136,127
0.51 SYNOPSYS INC 2867719 523.38 166 132,917
0.50 ASML HOLDING-NY B908F01 870.28 96 127,816
0.49 MERCADOLIBRE INC B23X1H3 1,505.99 55 126,718
0.49 CADENCE DESIGN 2302232 276.44 297 125,606
0.47 PAYPAL HOLDINGS BYW36M8 66.98 1,180 120,915
0.45 MARRIOTT INTL-A 2210614 235.56 322 116,041
0.45 CROWDSTRIKE HO-A BJJP138 303.54 249 115,630
0.45 AIRBNB INC-A BMGYYH4 158.33 475 115,057
0.44 CINTAS CORP 2197137 662.29 111 112,467
0.43 CSX CORP 2160753 33.57 2,158 110,830
0.42 NXP SEMICONDUCTO B505PN7 254.26 281 109,305
0.39 O'REILLY AUTOMOT B65LWX6 1,006.23 65 100,061
0.38 CONSTELLATION EN BMH4FS1 186.18 348 99,121
0.37 MARVELL TECHNOLO BNKJSM5 66.67 944 96,285
0.36 PACCAR INC 2665861 106.46 571 92,999
0.36 MONSTER BEVERAGE BZ07BW4 53.39 1,136 92,788
0.35 ROPER TECHNOLOGI 2749602 510.82 117 91,434
0.34 WORKDAY INC-A B8K6ZD1 250.85 228 87,499
0.34 COPART INC 2208073 54.40 1,049 87,303
0.33 FORTINET INC B5B2106 65.20 848 84,586
0.32 DEXCOM B0796X4 126.65 422 81,766
0.31 MICROCHIP TECH 2592174 89.46 591 80,886
0.31 MODERNA INC BGSXTS3 125.59 416 79,929
0.30 KEURIG DR PEPPER BD3W133 33.56 1,527 78,400
0.30 AMERICAN ELECTRI 2026242 88.25 574 77,496
0.30 ASTRAZENECA-ADR 2989044 75.80 657 76,188
0.29 KRAFT HEINZ CO/T BYRY499 36.72 1,340 75,277
0.29 AUTODESK INC 2065159 209.95 234 75,160
0.28 ROSS STORES INC 2746711 127.68 370 72,274
0.28 PAYCHEX INC 2674458 118.45 395 71,579
0.28 LULULEMON ATH B23FN39 350.80 133 71,378
0.27 DOORDASH INC-A BN13P03 114.31 405 70,826
0.26 OLD DOMINION FRT 2656423 183.40 239 67,058
0.26 IDEXX LABS 2459202 475.82 91 66,243
0.25 TRADE DESK INC-A BD8FDD1 88.12 487 65,654
0.25 FASTENAL CO 2332262 68.09 624 65,001
0.25 CHARTER COMMUN-A BZ6VT82 262.00 162 64,934
0.25 EXELON CORP 2670519 37.89 1,095 63,474
0.25 DATADOG INC-A BKT9Y49 125.46 330 63,339
0.24 COSTAR GROUP INC 2262864 89.76 446 61,245
0.23 GE HEALTHCARE TE BL6JPG8 77.83 497 59,178
0.22 ELECTRONIC ARTS 2310194 128.50 295 57,994
0.22 VERISK ANALYTI B4P9W92 233.76 158 56,504
0.21 COGNIZANT TECH-A 2257019 66.27 547 55,457
0.21 BAKER HUGHES CO BDHLTQ5 31.72 1,099 53,332
0.20 BIOGEN INC 2455965 213.51 158 51,610
0.19 ON SEMICONDUCTOR 2583576 70.01 470 50,340
0.19 MOBILEYE GLOBA-A BLFH8G4 30.50 1,070 49,927
0.19 XCEL ENERGY INC 2614807 53.79 603 49,622
0.18 ATLASSIAN CORP-A BQ1PC76 183.55 168 47,176
0.18 ANSYS INC 2045623 314.53 95 45,713
0.17 GLOBALFOUNDRIES BMW7F63 48.28 604 44,613
0.17 DOLLAR TREE INC 2272476 119.78 238 43,613
0.17 ZSCALER INC BZ00V34 176.37 161 43,442
0.17 EBAY INC 2293819 49.39 568 42,918
0.13 WARNER BROS DISC BM8JYX3 7.95 2,663 32,389
0.11 VERISIGN INC 2142922 168.34 112 28,844
0.10 ZOOM VIDEO COM-A BGSP7M9 62.83 281 27,010
0.09 JD.COM INC-ADR BMM27D9 32.64 482 24,069
0.08 SIRIUS XM HOLDIN BGLDK10 3.05 4,194 19,570
Holdings are subject to change.

Sector Breakdown As of 3 May 2024

Sector Weight (%)
Technology Services 34.1
Electronic Technology 30.4
Retail Trade 12.1
Health Technology 5.3
Consumer Services 4.1
Consumer Non-Durables 3.1
Producer Manufacturing 2.7
Consumer Durables 2.3
Process Industries 1.3
Communications 1.2
Utilities 1.1
Other/Cash 2.3

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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