Australia ex Financials & Resources ETF - Global X ETFs - Australia

OZXX


Australia ex Financials & Resources ETF

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 17 Apr 2024

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 17 Apr 2024

NAV/Unit (A$) 10.14270000
iNAV 10.1669
iNAV as of 04:29 PM
Currency (NAV) AUD
Shares Outstanding 250,049
AUM (A$) 2,536,164.24
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 28 Mar 2024

12-Month Yield 2.14%
12-Month Franking Level 31.38%
Distribution Frequency Quarterly
Distribution History View

Performance Table As of 17 Apr 2024

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month -2.25% -2.20% -0.04% 0.02%
3 Months 3.61% 3.73% -0.11% 0.05%
1 Year 3.18% 3.48% -0.30% 0.19%
3 Year p.a. -- -- -- --
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception p.a. 3.63% 3.95% -0.32% 0.19%

Top Holdings As of 18 Apr 2024

Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
10.45 WESFARMERS LTD 6948836 65.57 4,041 264,968
9.18 CSL LTD 6185495 272.62 854 232,817
6.02 TELSTRA GROUP LT 6087289 3.68 41,491 152,687
5.65 TRANSURBAN GROUP 6200882 12.94 11,069 143,233
5.45 WOOLWORTHS GROUP 6981239 31.80 4,343 138,107
3.33 ARISTOCRAT LEISU 6253983 39.70 2,125 84,363
3.06 BRAMBLES LTD B1FJ0C0 15.64 4,967 77,684
2.96 COLES GROUP LTD BYWR0T5 16.05 4,682 75,146
2.95 COCHLEAR LTD 6211798 318.24 235 74,786
2.39 ORIGIN ENERGY 6214861 9.81 6,174 60,567
2.17 WISETECH GLOBAL BZ8GX83 88.93 619 55,048
2.08 COMPUTERSHARE LT 6180412 27.74 1,902 52,761
1.67 SONIC HEALTHCARE 6821120 25.99 1,627 42,286
1.61 CAR GROUP LTD BW0BGZ3 33.42 1,218 40,706
1.58 LOTTERY CORP LTD BNRQW72 4.99 8,044 40,140
1.51 APA GROUP 6247306 8.32 4,610 38,355
1.49 BLUESCOPE STEEL 6533232 23.67 1,596 37,777
1.37 TREASURY WINE ES B61JC67 11.97 2,907 34,797
1.35 QANTAS AIRWAYS 6710347 5.55 6,167 34,227
1.31 RAMSAY HEALTH 6041995 51.08 650 33,202
1.17 SEEK LTD B0767Y3 24.17 1,230 29,729
1.14 ORICA LTD 6458001 17.76 1,629 28,931
1.13 NEXTDC LTD B5LMKP4 15.55 1,850 28,768
1.11 REECE LTD 6728801 26.54 1,065 28,265
1.09 ALTIUM LTD 6167697 65.40 423 27,664
1.03 AURIZON HOLDINGS B87CVM3 3.92 6,634 26,005
1.02 ENDEAVOUR GROUP BNVS144 5.31 4,849 25,748
0.94 JB HI-FI LTD 6702623 61.45 390 23,966
0.88 ALS LTD B86SZR5 13.13 1,699 22,308
0.87 WORLEY LTD 6562474 16.33 1,344 21,948
0.85 SEVEN GROUP HOLD B432QW4 38.60 557 21,500
0.82 ATLAS ARTERIA BZ03TZ1 5.29 3,931 20,795
0.78 AGL ENERGY LTD BSS7GP5 9.19 2,145 19,713
0.77 QUBE HOLDINGS LT B1L4BC6 3.27 5,970 19,522
0.75 CLEANAWAY WASTE BYQ8KW7 2.55 7,413 18,903
0.70 INCITEC PIVOT LT 6673042 2.73 6,520 17,800
0.69 PRO MEDICUS LTD 6292782 100.18 175 17,532
0.64 IDP EDUCATION LT BDB6DD1 16.25 994 16,153
0.63 TECHNOLOGY ONE 6302410 15.72 1,023 16,082
0.60 LENDLEASE GROUP 6512004 6.19 2,459 15,221
0.59 CSR LTD 6238645 8.85 1,701 15,054
0.58 RELIANCE WORLDWI BD1DM79 5.19 2,812 14,594
0.53 FLIGHT CENTRE TR 6352147 21.06 636 13,394
0.49 METCASH LTD B0744W4 3.90 3,210 12,519
0.44 ANSELL LTD 6286611 24.91 453 11,284
0.44 DOWNER EDI LTD 6465573 4.62 2,394 11,060
0.42 WEBJET LTD 6015815 8.14 1,306 10,631
0.42 TELIX PHARMA BF7M092 12.54 846 10,609
0.41 HUB24 LTD BD4T5X1 39.36 262 10,312
0.40 ARB CORP LTD BWV03W5 38.24 264 10,095
0.37 VENTIA SERVICES BNV08F0 3.65 2,573 9,391
0.37 ORORA LTD BH4TCW7 2.07 4,486 9,286
0.35 PREMIER INV LTD 6699781 29.42 299 8,797
0.34 BREVILLE GROUP L 6158709 25.65 341 8,747
0.33 HARVEY NORMAN 6173508 4.59 1,828 8,391
0.31 DOMINO'S PIZZA E B07SFG7 37.88 209 7,917
0.31 NEUREN PHARMACEU B04LVF0 19.51 400 7,804
0.30 EAGERS AUTO 6296201 12.93 585 7,564
0.30 NINE ENTERTAINME BGQV183 1.54 4,890 7,531
0.29 MEGAPORT LTD BZ5ZWZ3 13.86 533 7,387
0.27 CORPORATE TRAVEL B3R1D52 15.77 439 6,923
0.26 LOVISA HOLDINGS BT9PVP0 31.00 212 6,572
0.26 BAPCOR LTD BLD2CY7 5.86 1,115 6,534
0.26 GRAINCORP LTD-A 6102331 8.38 778 6,520
0.24 TPG TELECOM LTD BMB2257 4.26 1,402 5,973
0.23 TABCORP HLDGS 6873262 0.73 8,075 5,895
0.21 GUD HLDGS LTD 6358004 10.72 498 5,339
0.21 SIGMA HEALTHCARE BF13K02 1.29 4,138 5,338
0.21 NUFARM LTD 6335331 4.98 1,069 5,324
0.20 IRESS LTD 6297497 7.82 658 5,146
0.19 EVT LTD BDG0N49 11.83 414 4,898
0.19 IPH LTD BS7K5S1 6.06 806 4,884
0.19 SUPER RETAIL GRO B01C7R0 14.78 329 4,863
0.18 ELDERS LTD 6357852 8.48 549 4,656
0.18 AUDINATE GROUP BZ9N3B6 18.77 248 4,655
0.18 POLYNOVO LTD BSJBZM6 2.04 2,198 4,484
0.18 SMARTGROUP CORP BNB5WS6 9.87 451 4,451
0.17 INGHAMS GROUP LT BZCNHW2 3.52 1,250 4,400
0.17 MONADELPHOUS GRP 6600471 13.44 321 4,314
0.17 LIFESTYLE COMMUN 6137195 13.99 302 4,225
0.16 JOHNS LYNG GROUP BYPHBX3 5.62 722 4,058
0.16 SITEMINDER LTD BLH35X6 5.33 760 4,051
0.16 NRW HOLDINGS LTD B23XW70 2.73 1,483 4,049
0.16 DATA#3 LTD 6093015 7.92 497 3,936
0.15 COLLINS FOODS LT B6QCFP1 9.87 386 3,810
0.15 CREDIT CORP GRP 6287658 16.13 234 3,774
0.15 STAR ENTERTAINME BD5ZR98 0.42 9,012 3,740
0.15 CODAN LTD 6712611 10.66 348 3,710
0.14 BEGA CHEESE LTD B56CQJ5 4.05 907 3,673
0.14 IMDEX LTD 6462154 2.18 1,657 3,612
0.14 NICK SCALI LTD B00VZV8 14.14 252 3,563
0.14 LINK ADMINISTRAT BYZBCY3 2.23 1,587 3,539
0.12 PWR HOLDINGS LTD BZ168Z2 11.17 273 3,049
0.12 HEALIUS LTD BFZYRL1 1.21 2,431 2,929
0.11 KELSIAN GROUP LT BPBKR80 5.37 503 2,701
0.09 NANOSONICS LTD B1WF979 2.81 850 2,389
0.08 CLINUVEL PHARMAC 6328405 15.15 140 2,121
0.05 OMNI BRIDGEWAY L BM95XH7 1.33 933 1,236
0.04 SAYONA MINING LT BBX4LR9 0.04 28,974 1,014
Holdings are subject to change.

Sector Breakdown As of 18 Apr 2024

Sector Weight (%)
Consumer Services 36.1
Industrials 24.2
Technology 21.6
Healthcare 8.8
Utilities 6.5
Consumer Non-Durables 1.9
Consumer Durables 0.6
Other/Cash 0.3

Country Breakdown As of 18 Apr 2024

Country Weight (%)
Australia 99.2
United States 0.6
Other/Cash 0.2

Research

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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