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 8 Dec 2023

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 8 Dec 2023

NAV/Unit (A$) 9.59680000
iNAV 9.6407
iNAV as of 10:19 AM
Currency (NAV) AUD
Shares Outstanding 350,005
AUM (A$) 3,358,935.23

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 Oct 2023

12-Month Yield 0.80%
12-Month Franking Level 73.16%
Distribution Frequency Quarterly
Distribution History View

Performance Table As of 8 Dec 2023

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month 2.14% 2.18% -0.03% 0.01%
3 Months -1.39% -1.35% -0.04% 0.03%
1 Year -- -- -- --
3 Year p.a. -- -- -- --
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception -3.31% -3.15% -0.16% 0.19%

Top Holdings As of 11 Dec 2023

Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
10.45 CSL LTD 6185495 266.92 1,315 351,000
9.02 WESFARMERS LTD 6948836 53.70 5,642 302,975
6.62 TELSTRA GROUP LT 6087289 3.84 57,888 222,290
6.46 WOOLWORTHS GROUP 6981239 35.77 6,063 216,874
6.05 TRANSURBAN GROUP 6200882 13.16 15,439 203,177
3.47 ARISTOCRAT LEISU 6253983 39.24 2,967 116,425
3.03 COLES GROUP LTD BYWR0T5 15.67 6,502 101,886
2.77 COCHLEAR LTD 6211798 283.32 328 92,929
2.69 BRAMBLES LTD B1FJ0C0 12.98 6,965 90,406
2.09 SONIC HEALTHCARE 6821120 31.10 2,257 70,193
2.00 ORIGIN ENERGY 6214861 7.84 8,573 67,212
1.86 COMPUTERSHARE LT 6180412 23.61 2,641 62,354
1.72 WISETECH GLOBAL BZ8GX83 67.26 858 57,709
1.67 APA GROUP 6247306 8.70 6,439 56,019
1.53 LOTTERY CORP LTD BNRQW72 4.61 11,168 51,484
1.44 CAR GROUP LTD BW0BGZ3 28.64 1,690 48,402
1.44 BLUESCOPE STEEL 6533232 21.16 2,278 48,202
1.43 QANTAS AIRWAYS 6710347 5.56 8,613 47,888
1.31 RAMSAY HEALTH 6041995 48.53 909 44,114
1.27 SEEK LTD B0767Y3 24.83 1,714 42,559
1.24 TREASURY WINE ES B61JC67 10.45 4,000 41,800
1.05 ORICA LTD 6458001 15.58 2,274 35,429
1.02 ENDEAVOUR GROUP BNVS144 5.05 6,771 34,194
1.01 ATLAS ARTERIA BZ03TZ1 5.71 5,939 33,912
1.00 AURIZON HOLDINGS B87CVM3 3.64 9,214 33,539
0.96 IDP EDUCATION LT BDB6DD1 23.21 1,396 32,401
0.96 NEXTDC LTD B5LMKP4 13.20 2,440 32,208
0.92 WORLEY LTD 6562474 16.53 1,867 30,862
0.90 ALS LTD B86SZR5 12.65 2,386 30,183
0.88 REECE LTD 6728801 20.01 1,479 29,595
0.87 AGL ENERGY LTD BSS7GP5 9.68 3,012 29,156
0.79 CLEANAWAY WASTE BYQ8KW7 2.59 10,302 26,682
0.79 JB HI-FI LTD 6702623 49.06 543 26,640
0.78 INCITEC PIVOT LT 6673042 2.86 9,157 26,189
0.76 SEVEN GROUP HOLD B432QW4 33.09 774 25,612
0.76 QUBE HOLDINGS LT B1L4BC6 3.08 8,297 25,555
0.74 ALTIUM LTD 6167697 45.65 546 24,925
0.71 LENDLEASE GROUP 6512004 6.87 3,454 23,729
0.65 PRO MEDICUS LTD 6292782 89.18 244 21,760
0.62 TECHNOLOGY ONE 6302410 14.84 1,411 20,939
0.50 ORORA LTD BH4TCW7 2.64 6,300 16,632
0.48 METCASH LTD B0744W4 3.58 4,510 16,146
0.47 DOMINO'S PIZZA E B07SFG7 54.17 294 15,926
0.46 ANSELL LTD 6286611 24.46 634 15,508
0.43 FLIGHT CENTRE TR 6352147 18.70 776 14,511
0.43 DOWNER EDI LTD 6465573 4.25 3,363 14,293
0.42 CSR LTD 6238645 5.93 2,359 13,989
0.40 NINE ENTERTAINME BGQV183 1.98 6,868 13,599
0.39 RELIANCE WORLDWI BD1DM79 3.91 3,390 13,255
0.37 HUB24 LTD BD4T5X1 33.85 368 12,457
0.37 WEBJET LTD 6015815 6.74 1,830 12,334
0.36 ARB CORP LTD BWV03W5 33.05 370 12,229
0.35 BREVILLE GROUP L 6158709 24.73 480 11,870
0.33 CORPORATE TRAVEL B3R1D52 18.25 616 11,242
0.33 TELIX PHARMA BF7M092 9.40 1,172 11,017
0.31 PREMIER INV LTD 6699781 25.64 410 10,512
0.30 HARVEY NORMAN 6173508 3.89 2,568 9,990
0.29 EAGERS AUTO 6296201 13.62 714 9,725
0.28 TPG TELECOM LTD BMB2257 4.76 1,968 9,368
0.26 NEUREN PHARMACEU B04LVF0 15.84 550 8,712
0.25 VENTIA SERVICES BNV08F0 3.02 2,831 8,550
0.25 BAPCOR LTD BLD2CY7 5.36 1,571 8,421
0.24 GRAINCORP LTD-A 6102331 7.48 1,097 8,206
0.23 GUD HLDGS LTD 6358004 11.28 699 7,885
0.23 TABCORP HLDGS 6873262 0.68 11,340 7,711
0.23 MEGAPORT LTD BZ5ZWZ3 10.18 750 7,635
0.22 IRESS LTD 6297497 8.14 927 7,546
0.22 IPH LTD BS7K5S1 6.50 1,136 7,384
0.21 NUFARM LTD 6335331 4.79 1,502 7,195
0.20 SUPER RETAIL GRO B01C7R0 14.61 463 6,764
0.20 EVT LTD BDG0N49 11.58 582 6,740
0.20 INGHAMS GROUP LT BZCNHW2 3.90 1,719 6,704
0.19 MONADELPHOUS GRP 6600471 14.11 452 6,378
0.18 LIFESTYLE COMMUN 6137195 17.30 358 6,193
0.18 COLLINS FOODS LT B6QCFP1 11.40 541 6,167
0.18 LOVISA HOLDINGS BT9PVP0 20.61 298 6,142
0.18 STAR ENTERTAINME BD5ZR98 0.52 11,594 6,029
0.18 JOHNS LYNG GROUP BYPHBX3 5.89 1,014 5,972
0.17 ELDERS LTD 6357852 7.34 769 5,644
0.17 DATA#3 LTD 6093015 8.11 693 5,620
0.17 COSTA GROUP HOLD BYSGKW9 3.08 1,809 5,572
0.16 NRW HOLDINGS LTD B23XW70 2.76 1,952 5,388
0.16 SITEMINDER LTD BLH35X6 4.97 1,067 5,303
0.16 NANOSONICS LTD B1WF979 4.39 1,198 5,259
0.16 SMARTGROUP CORP BNB5WS6 8.33 631 5,256
0.15 AUDINATE GROUP BZ9N3B6 14.20 349 4,956
0.14 HEALIUS LTD BFZYRL1 1.55 3,086 4,783
0.14 KELSIAN GROUP LT BPBKR80 6.69 706 4,723
0.14 POLYNOVO LTD BSJBZM6 1.52 3,085 4,674
0.13 CREDIT CORP GRP 6287658 13.54 328 4,441
0.13 IMDEX LTD 6462154 1.89 2,316 4,366
0.12 BEGA CHEESE LTD B56CQJ5 3.24 1,274 4,128
0.12 CODAN LTD 6712611 8.44 489 4,127
0.11 LINK ADMINISTRAT BYZBCY3 1.48 2,544 3,752
0.11 PWR HOLDINGS LTD BZ168Z2 9.62 381 3,665
0.10 CLINUVEL PHARMAC 6328405 17.63 198 3,491
0.07 SAYONA MINING LT BBX4LR9 0.06 41,238 2,516
0.06 OMNI BRIDGEWAY L BM95XH7 1.45 1,310 1,900
Holdings are subject to change.

Sector Breakdown As of 11 Dec 2023

Sector Weight (%)
Consumer Services 38.0
Industrials 24.9
Technology 20.0
Healthcare 8.4
Utilities 5.7
Consumer Non-Durables 1.9
Consumer Durables 0.8
Other/Cash 0.3

Country Breakdown As of 11 Dec 2023

Country Weight (%)
Australia 99.3
United States 0.4
Other/Cash 0.3

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.

Investments may go up or down in value and you may lose some or all of the amount invested. Past performance is not necessarily a guide to future performance. Any advice provided by Global X Management (AUS) Limited (“Global X”) is general advice and does not take into account your personal objectives, financial situation or needs. You should consult an independent investment adviser prior to making an investment in order to determine its suitability to your circumstances. This material may contain links to third party websites. Global X does not control and is not responsible for the information contained within third party websites. None of these links imply Global X’s support, endorsement or recommendation of any other company, product or service.

Global X Management (AUS) Limited ACN 150 433 828 AFSL No 466778

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