Morningstar Global Technology ETF (TECH) – Global X ETFs Australia
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TECH

Morningstar Global Technology ETF

Invest in TECH
Overview Performance Holdings & Characteristics Research Documents Announcements FAQs

Reasons to Consider TECH

High Growth Potential

Every day, 2.5 quintillion bytes of data & 2.5 billion strands of information are created by our online activities, from cloud-based gaming to e-commerce and beyond.1

Structural Tailwinds

The realm of internet-enabled devices continues to expand to new categories, allowing manufacturers to monitor and service products via software upgrades.

Unconstrained Approach

Technology spans multiple segments, and the most innovative companies include both household names and newcomers from around the world.

1 Forbes, May 2018

Product Information As of 8 Dec 2023

Inception Date 7 Apr 2017
Management Costs (% p.a.) 0.45
Currency Hedged No
Domicile Australia
Legal Form Managed Investment Scheme
SMSF Eligible Yes

NAV Information As of 8 Dec 2023

NAV/Unit (A$) 96.45930000
Currency (NAV) AUD
Shares Outstanding 3,399,612
AUM (A$) 327,924,063.90

Product Summary

The Global X Morningstar Global Technology ETF (TECH) seeks to invest in companies positioned to benefit from the increased adoption of technology, including companies whose principal business is in offering computing Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), Infrastructure-as-a-Service (IaaS), and/or cloud and edge computing infrastructure and hardware.

Product Objective

The Global X Morningstar Global Technology ETF (TECH) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Morningstar Developed Markets Technology Moat Focus Index.

Trading Details

Ticker TECH
Bloomberg Code TECH AU Equity
ISIN AU00000TECH1
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

Benchmark Information

Benchmark Morningstar Developed Markets Technology Moat Focus Index
Provider Morningstar Australasia Pty Ltd
Ticker MSDITMNU

Distributions As of 31 Oct 2023

12-Month Yield 0.53%
12-Month Franking Level 0.00%
Distribution Frequency Semi-Annually
Distribution History View

Performance Table As of 8 Dec 2023

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month 7.51% 7.55% -0.03% 0.01%
3 Months 1.01% 1.13% -0.12% 0.04%
1 Year 31.14% 31.75% -0.60% 0.10%
3 Year p.a. 5.11% 5.67% -0.56% 0.41%
5 Year p.a. 16.75% 17.20% -0.45% 0.34%
10 Year p.a. -- -- -- --
Since Inception p.a. 17.77% 18.20% -0.43% 0.31%

Top Holdings As of 11 Dec 2023

Full Holdings (.xlsx)
Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
5.40 UBER TECHNOLOGIE BK6N347 61.70 189,105 17,714,687
4.66 SERVICENOW INC B80NXX8 699.08 14,406 15,290,285
4.64 GARMIN LTD B3Z5T14 124.59 80,499 15,227,162
4.47 SALESFORCE INC 2310525 250.81 38,466 14,647,624
4.25 VONTIER CORP BH4GV32 34.24 268,333 13,949,324
4.22 F5 INC 2427599 170.82 53,328 13,830,546
4.13 NXP SEMICONDUCTO B505PN7 215.55 41,358 13,534,832
4.05 INFINEON TECH 5889505 37.16 218,560 13,278,435
4.00 TYLER TECHNOLOG 2909644 403.07 21,425 13,111,326
3.91 STMICROELECTRONI 5962332 44.33 176,834 12,814,894
3.79 SKYWORKS SOLUTIO 2961053 103.78 78,945 12,438,946
3.68 ASMPT LTD 6002453 75.40 817,600 11,984,437
3.58 FORTIVE CORP BYT3MK1 68.89 112,177 11,732,898
3.54 LITTELFUSE INC 2531832 243.07 31,432 11,599,751
3.54 WISETECH GLOBAL BZ8GX83 67.26 170,885 11,493,725
3.37 CORNING INC 2224701 29.11 249,826 11,041,425
3.33 TERADYNE INC 2884183 92.29 77,849 10,908,197
2.71 SPLUNK INC B424494 150.95 38,798 8,891,761
2.63 GUIDEWIRE SOFTWA B7JYSG3 97.89 58,058 8,628,707
2.35 BROADRIDGE FINL B1VP7R6 191.36 26,475 7,691,879
2.29 ADV MICRO DEVICE 2007849 128.92 38,292 7,495,035
2.20 CAPGEMINI SE 4163437 192.15 22,926 7,202,267
2.19 MONOLITHIC POWER B01Z7J1 575.73 8,206 7,172,915
2.18 MICROSOFT CORP 2588173 374.23 12,570 7,141,989
1.99 MURATA MFG CO 6610403 2,804.00 217,000 6,392,712
1.98 SS&C TECHNOLOGIE B58YSC6 57.11 74,844 6,489,548
1.92 CERIDIAN HCM HOL BFX1V56 67.17 61,805 6,302,956
1.91 COGNIZANT TECH-A 2257019 70.33 58,689 6,266,754
1.75 NICE LTD 6647133 736.80 18,469 5,575,297
1.69 SENSATA TECHNOLO BFMBMT8 33.36 109,457 5,543,894
1.69 OMRON CORP 6659428 5,948.00 87,000 5,436,728
1.14 PAYCOM SOFTWARE BL95MY0 186.57 13,182 3,733,949
0.87 WORLDLINE BNFWR44 15.55 112,308 2,855,233
Holdings are subject to change.

Sector Breakdown As of 11 Dec 2023

Sector Weight (%)
Information Technology 76.5
Industrials 18.1
Consumer Discretionary 4.6
Financials 0.9

Country Breakdown As of 11 Dec 2023

Country Weight (%)
United States 67.6
France 7.0
Switzerland 4.6
Netherlands 4.1
Germany 4.1
Hong Kong 3.7
Japan 3.7
Australia 3.5
Israel 1.8

Research

How “As-A-Service” Companies Have Transformed Their Industries

Read More

Investing in the Future with Three Tech Megatrends

Read More

AI Innovation to Generate New Age of Opportunity

Read More

Documents

FAQs

  • What is a technology company?

    TECH invests in the technology sector as defined by the Morningstar Global Category Classification, which includes companies that generate their revenue from hardware, software and IT services.

    Investors should note that some high profile companies, like Amazon and Facebook, that have a heavy technology association to their products or services belong to other sectors because their revenue does not come directly from the sale or licensing of their technology. They are therefore not included in TECH.

  • How are companies in TECH weighted?

    The index is comprised of two sub-portfolios, each consisting of 25 stocks. One of the sub-portfolios is alternately rebalanced each quarter and the stocks are equally weighted. The total number of stocks in the index depends on the degree of similarity between the two portfolios; a minimum of 25 stocks if the portfolios are identical and a maximum of 50 stocks if no companies are in both portfolios. This approach is taken to reduce company-specific risk and at the same time avoid excessive portfolio turnover.

    The choice of an equal weighting scheme seeks to provide investors exposure to the overall sector and allow all stocks to contribute equally to returns. Large-cap stocks do not dominate as they do where holdings are weighted by market capitalisation.

  • Does TECH have country exposure limits?

    The maximum weight of an individual country in the index is capped at 10% plus its corresponding weight in the benchmark, or 40%, whichever is higher. Maximum Country Weight = Max (40%, benchmark weight + 10%).

  • What is Morningstar’s Economic Moat Rating?

    An economic moat, like a physical moat, represents the degree to which a company has built a competitive advantage around its business. This can be in terms of intangible assets, costs of switching to alternative providers, network effects, input cost advantages or efficiencies of scale. The extent to which a company holds some, or all of these, helps define how robust that company is viewed to be relative to its competitors and whether it is assigned a wide, narrow or no Morningstar Economic Moat Rating. The index is comprised exclusively of companies identified as having wide or narrow moats.

  • How can I use TECH in a portfolio?

    TECH can be used as a core exposure to the global technology sector and can aid portfolio sector diversification via investment in a sector that is underrepresented in the Australian market.

    TECH may also be used as a tool for expressing long-term strategic or short-term tactical views on the technology sector.

    For those using a core-satellite investment approach, TECH can be used in either core or satellite. It is differentiated from market capitalisation weighted strategies by its research-focused, value-oriented approach to stock selection.

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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