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OZXX

Australia ex Financials & Resources ETF

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Reasons to Consider OZXX

Strategic Diversification

Minimise overallocation to financials (including REITs), materials and energy stocks with strategic sector diversification.

Core Portfolio Tool

A core portfolio building block which works to complement and complete a portfolio.

Enhance Growth Potential

Gain exposure to mid and smaller cap companies to incorporate a potential growth tilt to a portfolio.

Product Information As of 16 Jan 2025

Inception Date 11 Apr 2023
Management Costs (% p.a.) 0.25
Currency Hedged No
Domicile Australia
Legal Form Managed Investment Scheme
SMSF Eligible Yes

NAV Information As of 16 Jan 2025

NAV/Unit (A$) 10.80370000
iNAV 10.8212
iNAV as of 04:29 PM
Currency (NAV) AUD
Shares Outstanding 350,210
AUM (A$) 3,783,553.49
NAV History File View

Product Summary

The Global X Australia ex Financials & Resources ETF (OZXX) invests in Australia’s top 100 companies, excluding those in the financial (including REITs), basic material and energy sectors.

Product Objective

The Global X Australia ex Financials & Resources ETF (OZXX) seeks to provide investment results that correspond generally to the price and yield, before fees and expenses, of the Solactive Australia ex Financials Materials and Energy Capped Index.

Trading Details

Ticker OZXX
Bloomberg Code OZXX AU Equity
ISIN AU0000269854
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 Solactive Australia Ex Financials Materials and Energy Capped Index
Provider Solactive AG
Ticker SOLXFMET

Distributions As of 31 Dec 2024

12-Month Yield 4.81%
12-Month Franking Level 37.42%
Distribution Frequency Quarterly
Distribution History View

Performance Table As of 16 Jan 2025

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month 0.31% 0.32% -0.01% 0.01%
3 Months 0.80% 0.86% -0.06% 0.03%
1 Year 14.72% 15.08% -0.36% 0.07%
3 Year p.a. -- -- -- --
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception p.a. 8.04% 8.35% -0.31% 0.15%

Top Holdings As of 17 Jan 2025

Full Holdings (.xlsx)
Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
10.11 WESFARMERS LTD 6948836 70.76 5,378 380,547
9.25 CSL LTD 6185495 275.61 1,272 350,576
5.86 TELSTRA GROUP LT 6087289 4.00 55,397 221,588
5.43 TRANSURBAN GROUP 6200882 13.62 14,888 202,775
5.10 ARISTOCRAT LEISU 6253983 71.22 2,728 194,288
4.60 WOOLWORTHS GROUP 6981239 30.06 5,807 174,558
3.34 BRAMBLES LTD B1FJ0C0 18.89 6,671 126,015
3.14 COLES GROUP LTD BYWR0T5 18.95 6,226 117,983
2.55 WISETECH GLOBAL BZ8GX83 118.00 825 97,350
2.51 COCHLEAR LTD 6211798 303.89 313 95,118
2.42 ORIGIN ENERGY 6214861 11.12 8,208 91,273
2.28 COMPUTERSHARE LT 6180412 33.83 2,524 85,387
1.79 QANTAS AIRWAYS 6710347 8.93 7,492 66,904
1.64 CAR GROUP LTD BW0BGZ3 38.59 1,620 62,516
1.62 SONIC HEALTHCARE 6821120 27.79 2,223 61,777
1.53 PRO MEDICUS LTD 6292782 252.58 233 58,851
1.48 REA GROUP LTD 6198578 236.54 244 57,716
1.36 LOTTERY CORP LTD BNRQW72 4.84 10,676 51,672
1.26 JB HI-FI LTD 6702623 94.11 518 48,749
1.23 NEXTDC LTD B5LMKP4 15.43 3,009 46,429
1.15 SGH LTD BR858V2 46.02 950 43,719
1.14 APA GROUP 6247306 6.89 6,212 42,801
1.12 BLUESCOPE STEEL 6533232 19.90 2,094 41,671
1.11 TREASURY WINE ES B61JC67 10.68 3,867 41,300
1.04 TECHNOLOGY ONE 6302410 28.57 1,366 39,027
1.03 ORICA LTD 6458001 16.84 2,337 39,355
0.96 SEEK LTD B0767Y3 22.33 1,642 36,666
0.94 ALS LTD B86SZR5 15.59 2,280 35,545
0.89 AGL ENERGY LTD BSS7GP5 11.64 2,886 33,593
0.86 QUBE HOLDINGS LT B1L4BC6 4.04 8,026 32,425
0.86 TELIX PHARMA BF7M092 25.80 1,224 31,579
0.85 REECE LTD 6728801 22.83 1,410 32,190
0.79 RAMSAY HEALTH 6041995 34.18 873 29,839
0.77 ENDEAVOUR GROUP BNVS144 4.20 6,955 29,211
0.76 AURIZON HOLDINGS B87CVM3 3.28 8,810 28,897
0.73 CLEANAWAY WASTE BYQ8KW7 2.75 9,960 27,390
0.68 INCITEC PIVOT LT 6673042 3.01 8,578 25,820
0.68 ATLAS ARTERIA BZ03TZ1 4.97 5,072 25,208
0.67 WORLEY LTD 6562474 14.06 1,798 25,280
0.62 ANSELL LTD 6286611 34.32 689 23,646
0.60 HUB24 LTD BD4T5X1 65.70 348 22,864
0.55 LENDLEASE GROUP 6512004 6.26 3,319 20,777
0.53 RELIANCE WORLDWI BD1DM79 5.30 3,745 19,849
0.50 SIGMA HEALTHCARE BF13K02 2.87 6,682 19,177
0.47 BREVILLE GROUP L 6158709 36.53 480 17,534
0.46 IDP EDUCATION LT BDB6DD1 12.76 1,337 17,060
0.45 DOWNER EDI LTD 6465573 5.20 3,229 16,791
0.43 METCASH LTD B0744W4 3.08 5,277 16,253
0.41 ORORA LTD BH4TCW7 2.42 6,445 15,597
0.37 ARB CORP LTD BWV03W5 39.75 353 14,032
0.37 FLIGHT CENTRE TR 6352147 16.22 863 13,998
0.34 VENTIA SERVICES BNV08F0 3.67 3,448 12,654
0.30 MESOBLAST LTD B04SF48 2.73 4,263 11,638
0.30 PREMIER INV LTD 6699781 27.98 395 11,052
0.27 HARVEY NORMAN 6173508 4.66 2,170 10,112
0.24 EAGERS AUTO 6296201 11.86 787 9,334
0.24 DOMINO'S PIZZA E B07SFG7 28.88 314 9,068
0.24 LOVISA HOLDINGS BT9PVP0 27.18 305 8,290
0.22 TPG TELECOM LTD BMB2257 4.60 1,889 8,689
0.22 GUZMAN Y GOMEZ L BSLTT82 41.00 210 8,610
0.22 NINE ENTERTAINME BGQV183 1.30 6,411 8,334
0.22 CORPORATE TRAVEL B3R1D52 14.05 593 8,332
0.22 IRESS LTD 6297497 9.11 897 8,172
0.21 WEB TRAVEL GROUP 6015815 4.69 1,700 7,973
0.20 CODAN LTD 6712611 15.70 492 7,724
0.20 GRAINCORP LTD-A 6102331 7.36 1,008 7,419
0.19 BEGA CHEESE LTD B56CQJ5 5.64 1,250 7,050
0.19 NEUREN PHARMACEU B04LVF0 12.28 544 6,680
0.18 NRW HOLDINGS LTD B23XW70 3.51 2,009 7,052
0.18 SUPER RETAIL GRO B01C7R0 15.25 447 6,817
0.18 AMOTIV LTD BQH8HH4 10.56 641 6,769
0.18 TABCORP HLDGS 6873262 0.63 10,814 6,759
0.17 EVT LTD BDG0N49 11.50 560 6,440
0.17 POLYNOVO LTD BSJBZM6 2.16 2,946 6,363
0.17 MONADELPHOUS GRP 6600471 14.20 447 6,347
0.17 ELDERS LTD 6357852 7.15 884 6,321
0.17 BAPCOR LTD BLD2CY7 4.73 1,323 6,258
0.16 SITEMINDER LTD BLH35X6 5.83 1,046 6,098
0.16 NUIX LTD BMW7P63 5.35 1,087 5,815
0.16 IMDEX LTD 6462154 2.43 2,378 5,779
0.15 IPH LTD BS7K5S1 4.87 1,161 5,654
0.15 NICK SCALI LTD B00VZV8 15.00 373 5,595
0.15 MEGAPORT LTD BZ5ZWZ3 6.83 750 5,123
0.14 INGHAMS GROUP LT BZCNHW2 3.18 1,680 5,342
0.14 MACQUARIE TECHNO 6175054 85.35 62 5,292
0.14 NUFARM LTD 6335331 3.66 1,441 5,274
0.14 CREDIT CORP GRP 6287658 17.36 297 5,156
0.13 SILEX SYSTEMS 6111735 5.91 851 5,029
0.13 TEMPLE & WEBSTER BZ1MWM5 12.87 384 4,942
0.12 HEALIUS LTD BFZYRL1 1.42 3,250 4,599
0.12 SMARTGROUP CORP BNB5WS6 7.77 578 4,491
0.12 DATA#3 LTD 6093015 6.47 682 4,413
0.12 CLARITY PHARMACE BMCHJF0 3.78 1,116 4,218
0.10 JOHNS LYNG GROUP BYPHBX3 3.81 997 3,799
0.10 NANOSONICS LTD B1WF979 3.27 1,161 3,796
0.10 COLLINS FOODS LT B6QCFP1 7.15 527 3,768
0.09 LIFESTYLE COMMUN 6137195 8.49 409 3,472
0.07 KELSIAN GROUP LT BPBKR80 3.75 691 2,591
0.07 DRONESHIELD LTD BYV1JW4 0.67 3,853 2,562
0.07 AUDINATE GROUP BZ9N3B6 7.24 346 2,505
Holdings are subject to change.

Sector Breakdown As of 17 Jan 2025

Sector Weight (%)
Consumer Services 35.2
Industrials 25.4
Technology 19.2
Healthcare 9.3
Utilities 6.2
#N/A 2.3
Consumer Non-Durables 1.7
Consumer Durables 0.4
Other/Cash 0.3

Country Breakdown As of 17 Jan 2025

Country Weight (%)
Australia 99.2
United States 0.5
Other/Cash 0.3

Research

Diversifying Australian Equities Exposure Without Banks, Miners and Energy

Read More

Three Homegrown Growth Stocks to Help Diversify Your Australian Holdings

Read More

Documents

FAQs

  • How are companies selected and weighted within the index?

    The Solactive Australia Ex Financials Materials And Energy Capped Index, tracked by OZXX, starts by including all companies listed on major Australian exchanges. It then removes those companies classified by FactSet as belonging to the Materials, Energy and Finance (which includes REITs) sectors. One hundred stocks are then selected and weighted based on market capitalisation. A cap of 10% is placed on each stock’s weight at index rebalance, preventing the biggest companies (like CSL) becoming too influential in driving the performance of the fund.

  • How should I use OZXX in my portfolio?

    OZXX is intended as a core portfolio building block, in a manner similar to ETFs tracking the S&P/ASX 200.

    Many Australians already own the banks, miners and energy companies – with trading data suggesting they are some of the most popular stocks with direct investors. For these Australians, buying ETFs that track the S&P/ASX 200 means that they double up – i.e. buy twice – on the same stocks. OZXX was designed to give Australians that already own the banks and miners an easy way to “buy the rest” of the Australian share market. The ultimate aim is to provide a portfolio completion tool that can complement investors’ existing holdings.

    Additionally, OZXX can also be used as an alternative way to play the Australian share market. The financials and materials sectors together take up more than 50% of the weight of the S&P/ASX 200. Yet these sectors are mostly composed of the big banks and miners, which are mature businesses. A portfolio that removes these companies can be expected to tilt instead towards less mature and potentially higher growth stocks in other sectors.

  • What are the main companies in the materials, financials, and energy sectors?

    The materials sector in Australia is mostly comprised of mining companies – especially the majors like BHP, Fortescue and Rio Tinto. The financials sector is dominated by the big five banks – CBA, NAB, Westpac, ANZ and Macquarie. While energy companies are mostly fossil fuel producers like Woodside and Santos.

  • Is OZXX an ESG or green ETF?

    As OZXX removes companies from the materials and energy sectors, it effectively excludes a large portion of major fossil fuel producers. Most fossil fuel producers are either classified as mining companies (such as Whitehaven Coal) or energy companies (such as Woodside and Santos). As such, OZXX draws significantly less revenue from fossil fuel production compared with the S&P/ASX 200. On this mathematics, it can be regarded as a lower carbon investment than the broad Australian share market.

    However, the fund includes utilities companies such as AGL and Origin that are major consumers of fossil fuels. As such we do not talk about OZXX as being an ESG or green ETF.

    Furthermore, the Solactive Australia Ex Financials Materials And Energy Capped Index – the index tracked by OZXX – does not include any explicit ESG filters in its methodology. As such, stocks are neither screened nor weighted based on ESG criteria.

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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