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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 12 Sep 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 12 Sep 2024

NAV/Unit (A$) 10.82750000
iNAV 10.8458
iNAV as of 04:29 PM
Currency (NAV) AUD
Shares Outstanding 350,148
AUM (A$) 3,791,239.31
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 30 Aug 2024

12-Month Yield 4.50%
12-Month Franking Level 35.83%
Distribution Frequency Quarterly
Distribution History View

Performance Table As of 12 Sep 2024

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month 3.76% 3.80% -0.04% 0.02%
3 Months 8.32% 8.40% -0.08% 0.03%
1 Year 15.30% 15.64% -0.34% 0.65%
3 Year p.a. -- -- -- --
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception p.a. 9.31% 9.64% -0.33% 0.56%

Top Holdings As of 13 Sep 2024

Full Holdings (.xlsx)
Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
10.07 WESFARMERS LTD 6948836 70.38 5,424 381,741
9.64 CSL LTD 6185495 301.66 1,211 365,310
5.98 TELSTRA GROUP LT 6087289 3.96 57,240 226,670
5.56 TRANSURBAN GROUP 6200882 13.80 15,266 210,671
5.45 WOOLWORTHS GROUP 6981239 34.46 5,996 206,622
4.21 ARISTOCRAT LEISU 6253983 55.26 2,889 159,646
3.36 BRAMBLES LTD B1FJ0C0 18.47 6,888 127,221
3.23 COLES GROUP LTD BYWR0T5 19.04 6,429 122,408
2.95 WISETECH GLOBAL BZ8GX83 131.64 849 111,762
2.49 COCHLEAR LTD 6211798 290.77 325 94,500
2.18 ORIGIN ENERGY 6214861 9.73 8,477 82,481
1.91 COMPUTERSHARE LT 6180412 27.73 2,610 72,375
1.64 SONIC HEALTHCARE 6821120 26.95 2,301 62,012
1.63 CAR GROUP LTD BW0BGZ3 36.92 1,672 61,722
1.47 LOTTERY CORP LTD BNRQW72 5.06 11,043 55,878
1.45 QANTAS AIRWAYS 6710347 6.84 8,063 55,151
1.34 NEXTDC LTD B5LMKP4 17.03 2,980 50,749
1.26 APA GROUP 6247306 7.53 6,366 47,936
1.21 TREASURY WINE ES B61JC67 11.45 4,013 45,949
1.17 JB HI-FI LTD 6702623 82.31 537 44,200
1.14 BLUESCOPE STEEL 6533232 19.57 2,204 43,132
1.12 ORICA LTD 6458001 17.71 2,391 42,345
1.07 SEVEN GROUP HOLD B432QW4 41.18 984 40,521
1.06 REECE LTD 6728801 27.37 1,463 40,042
1.05 PRO MEDICUS LTD 6292782 164.39 242 39,782
1.03 SEEK LTD B0767Y3 22.94 1,699 38,975
0.96 ENDEAVOUR GROUP BNVS144 5.07 7,182 36,413
0.95 RAMSAY HEALTH 6041995 40.20 898 36,100
0.92 AGL ENERGY LTD BSS7GP5 11.74 2,977 34,950
0.91 ALS LTD B86SZR5 14.65 2,358 34,545
0.86 TECHNOLOGY ONE 6302410 23.00 1,412 32,476
0.84 QUBE HOLDINGS LT B1L4BC6 3.88 8,245 31,991
0.82 AURIZON HOLDINGS B87CVM3 3.43 9,108 31,240
0.73 INCITEC PIVOT LT 6673042 3.05 9,052 27,609
0.72 WORLEY LTD 6562474 14.76 1,845 27,232
0.71 CLEANAWAY WASTE BYQ8KW7 2.81 9,566 26,924
0.68 ATLAS ARTERIA BZ03TZ1 4.91 5,239 25,723
0.64 LENDLEASE GROUP 6512004 7.08 3,415 24,178
0.63 TELIX PHARMA BF7M092 19.03 1,261 23,997
0.58 IDP EDUCATION LT BDB6DD1 16.03 1,380 22,121
0.57 RELIANCE WORLDWI BD1DM79 5.60 3,883 21,745
0.57 ANSELL LTD 6286611 30.13 713 21,483
0.54 HUB24 LTD BD4T5X1 56.25 364 20,475
0.51 METCASH LTD B0744W4 3.58 5,404 19,346
0.49 DOWNER EDI LTD 6465573 5.55 3,325 18,454
0.47 FLIGHT CENTRE TR 6352147 20.53 877 18,005
0.46 ORORA LTD BH4TCW7 2.63 6,649 17,487
0.44 BREVILLE GROUP L 6158709 34.80 475 16,530
0.42 ARB CORP LTD BWV03W5 43.65 364 15,889
0.41 VENTIA SERVICES BNV08F0 4.38 3,555 15,571
0.37 PREMIER INV LTD 6699781 33.92 415 14,077
0.36 WEBJET LTD 6015815 7.48 1,838 13,748
0.31 HARVEY NORMAN 6173508 4.71 2,535 11,940
0.26 DOMINO'S PIZZA E B07SFG7 31.16 319 9,940
0.25 TPG TELECOM LTD BMB2257 4.92 1,945 9,569
0.25 LOVISA HOLDINGS BT9PVP0 31.40 296 9,294
0.24 GRAINCORP LTD-A 6102331 8.93 1,040 9,287
0.24 IRESS LTD 6297497 9.79 924 9,046
0.22 CLARITY PHARMACE BMCHJF0 7.49 1,122 8,404
0.22 EAGERS AUTO 6296201 10.11 809 8,179
0.21 SUPER RETAIL GRO B01C7R0 17.52 461 8,077
0.21 NINE ENTERTAINME BGQV183 1.21 6,605 7,992
0.21 SIGMA HEALTHCARE BF13K02 1.30 6,034 7,844
0.20 POLYNOVO LTD BSJBZM6 2.54 3,047 7,739
0.20 NEUREN PHARMACEU B04LVF0 13.61 547 7,445
0.19 CODAN LTD 6712611 14.75 483 7,124
0.19 CORPORATE TRAVEL B3R1D52 11.64 611 7,112
0.19 ELDERS LTD 6357852 9.41 755 7,105
0.19 AMOTIV LTD BQH8HH4 10.31 688 7,093
0.18 NRW HOLDINGS LTD B23XW70 3.41 2,046 6,977
0.18 IPH LTD BS7K5S1 6.05 1,134 6,861
0.18 BEGA CHEESE LTD B56CQJ5 5.32 1,260 6,703
0.17 BAPCOR LTD BLD2CY7 4.83 1,359 6,564
0.16 EVT LTD BDG0N49 10.26 576 5,910
0.15 MEGAPORT LTD BZ5ZWZ3 7.78 752 5,851
0.15 NICK SCALI LTD B00VZV8 15.35 377 5,787
0.15 NUFARM LTD 6335331 3.89 1,485 5,777
0.15 HEALIUS LTD BFZYRL1 1.69 3,357 5,657
0.15 STAR ENTERTAINME BD5ZR98 0.45 12,446 5,601
0.15 MONADELPHOUS GRP 6600471 12.26 450 5,517
0.14 MACQUARIE TECHNO 6175054 77.43 69 5,343
0.14 SMARTGROUP CORP BNB5WS6 8.48 625 5,300
0.14 IMDEX LTD 6462154 2.20 2,387 5,251
0.14 DATA#3 LTD 6093015 7.64 685 5,234
0.14 SITEMINDER LTD BLH35X6 4.96 1,055 5,233
0.14 INGHAMS GROUP LT BZCNHW2 2.96 1,735 5,136
0.13 TABCORP HLDGS 6873262 0.45 11,161 4,967
0.12 CREDIT CORP GRP 6287658 15.20 306 4,651
0.12 TEMPLE & WEBSTER BZ1MWM5 11.38 399 4,541
0.11 COLLINS FOODS LT B6QCFP1 8.12 532 4,320
0.11 NANOSONICS LTD B1WF979 3.54 1,197 4,237
0.11 DRONESHIELD LTD BYV1JW4 1.24 3,227 3,985
0.09 AUDINATE GROUP BZ9N3B6 9.72 347 3,373
0.09 JOHNS LYNG GROUP BYPHBX3 3.35 1,002 3,357
0.09 SILEX SYSTEMS 6111735 3.82 859 3,281
0.08 LIFESTYLE COMMUN 6137195 7.69 415 3,191
0.08 CLINUVEL PHARMAC 6328405 15.12 196 2,964
0.07 KELSIAN GROUP LT BPBKR80 3.99 698 2,782
Holdings are subject to change.

Sector Breakdown As of 13 Sep 2024

Sector Weight (%)
Consumer Services 36.8
Industrials 24.9
Technology 19.5
Healthcare 8.9
Utilities 6.0
Consumer Non-Durables 1.8
#N/A 0.7
Consumer Durables 0.4
Other/Cash 1.0

Country Breakdown As of 13 Sep 2024

Country Weight (%)
Australia 98.3
United States 0.6
Other/Cash 1.1

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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