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GXAI

Artificial Intelligence ETF

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Reasons to Consider GXAI

High Growth Potential

The Artificial Intelligence market is projected to reach US$305.90bn in 2024 with an annual growth rate (CAGR 2024-2030) of 15.83%, resulting in a market volume of US$738.80bn by 2030.1

Rapid Commercialisation

AI is quickly expanding beyond data centers, enabling innovative commercial applications in diverse sectors, including Agriculture, Health Care, and beyond. Forecasts indicate that over 729mn individuals will use AI tools by 2030, up 254mn from 2023.2

Unconstrained Approach

Artificial intelligence spans multiple segments, and its most innovative companies include both household names and newcomers from around the world. GXAI invests accordingly and is unconstrained with respect to sector and geography.

1 Statista, Nov 2023.
2 Statista, Feb 2024.

Product Information As of 27 Jun 2024

Inception Date 8 Apr 2024
Management Costs (% p.a.) 0.57
Currency Hedged No
Domicile Australia
Legal Form Managed Investment Scheme
SMSF Eligible Yes

NAV Information As of 27 Jun 2024

NAV/Unit (A$) 10.44570000
Currency (NAV) AUD
Shares Outstanding 1,900,000
AUM (A$) 19,846,911.59
NAV History File View

Product Summary

The Global X Artificial Intelligence ETF (GXAI) seeks to invest in companies that potentially stand to benefit from the further development and utilisation of artificial intelligence (AI) technology in their products and services, as well as in companies that provide hardware facilitating the use of AI for the analysis of big data.

Product Objective

The Global X Artificial Intelligence ETF (GXAI) seeks to provide investors with a return that (before fees and expenses) tracks the performance of the Indxx Artificial Intelligence & Big Data Index.

Trading Details

Ticker GXAI
Bloomberg Code GXAI AU Equity
ISIN AU0000324113
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 Indxx Artificial Intelligence & Big Data Index
Provider Indxx Inc
Ticker IAIQ

Distributions

Distribution Frequency Semi-Annually

Performance Table As of 27 Jun 2024

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month 3.56% 3.63% -0.07% 0.67%
3 Months -- -- -- --
1 Year -- -- -- --
3 Year p.a. -- -- -- --
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception 4.46% 4.51% -0.05% 0.67%

Top Holdings As of 28 Jun 2024

Full Holdings (.xlsx)
Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
5.52 NVIDIA CORP 2379504 123.99 5,880 1,094,933
3.74 NETFLIX INC 2857817 684.34 722 742,049
3.68 TENCENT BMMV2K8 374.40 10,198 734,338
3.59 META PLATFORMS-A B7TL820 519.56 913 712,410
3.48 BROADCOM INC BDZ78H9 1,586.66 290 691,044
3.40 QUALCOMM INC 2714923 195.15 2,305 675,559
3.39 AMAZON.COM INC 2000019 197.85 2,267 673,614
3.37 ALPHABET INC-A BYVY8G0 185.41 2,403 669,130
3.35 ORACLE CORP 2661568 140.18 3,158 664,847
3.04 MICROSOFT CORP 2588173 452.85 886 602,576
2.93 APPLE INC 2046251 214.10 1,811 582,316
2.76 SAMSUNG ELECTRON 6771720 81,600.00 6,251 552,793
2.75 SERVICENOW INC B80NXX8 774.13 470 546,431
2.62 IBM 2005973 170.85 2,028 520,363
2.62 ALIBABA GRP-ADR BP41ZD1 72.37 4,777 519,203
2.52 TESLA INC B616C79 197.42 1,685 499,591
2.45 CISCO SYSTEMS 2198163 47.45 6,829 486,650
2.45 ADOBE INC 2008154 546.76 591 485,297
2.44 SALESFORCE INC 2310525 252.85 1,277 484,928
2.32 SIEMENS AG-REG 5727973 173.54 1,649 460,378
2.28 MICRON TECH 2588184 132.23 2,276 451,987
2.25 UBER TECHNOLOGIE BK6N347 70.34 4,234 447,277
2.18 ACCENTURE PLC-A B4BNMY3 303.19 950 432,576
1.91 SK HYNIX INC 6450267 236,500.00 1,489 381,636
1.67 INTEL CORP 2463247 30.59 7,231 332,201
1.42 SYNOPSYS INC 2867719 595.00 315 281,482
1.30 CADENCE DESIGN 2302232 307.92 559 258,508
1.25 MEITUAN-W BGJW376 113.70 11,603 253,732
1.25 SHOPIFY INC - A BXDZ9Z0 66.37 2,484 247,598
1.21 THOMSON REUTERS BNBXPB4 170.49 937 239,918
1.07 NXP SEMICONDUCTO B505PN7 265.01 532 211,737
0.77 SUPER MICRO COMP B1VQR35 890.36 114 152,438
0.74 INFINEON TECH 5889505 33.99 2,698 147,532
0.73 WORKDAY INC-A B8K6ZD1 223.36 432 144,915
0.72 FORTINET INC B5B2106 60.04 1,583 142,740
0.68 TRADE DESK INC-A BD8FDD1 98.22 913 134,677
0.67 EXPERIAN PLC B19NLV4 36.96 1,900 133,408
0.66 FUJIKURA LTD 6356707 3,158.00 4,379 129,324
0.64 WOLTERS KLUWER 5671519 155.35 508 126,961
0.61 DATADOG INC-A BKT9Y49 128.45 623 120,184
0.56 GE HEALTHCARE TE BL6JPG8 78.82 936 110,799
0.51 FUJITSU LTD 6356945 2,505.00 4,286 100,404
0.50 CELESTICA INC BMDLRD5 57.20 1,156 99,306
0.46 ROCKWELL AUTOMAT 2754060 267.66 229 92,054
0.44 ZSCALER INC BZ00V34 189.20 304 86,381
0.43 EBAY INC 2293819 53.05 1,064 84,772
0.43 HEWLETT PACKA BYVYWS0 21.04 2,675 84,527
0.43 FANUC CORP 6356934 4,320.00 2,079 83,990
0.38 BAIDU INC-SP ADR B0FXT17 87.04 584 76,341
0.36 NEC CORP 6640400 13,575.00 569 72,234
0.36 SNAP INC - A BD8DJ71 16.57 2,860 71,172
0.34 SEAGATE TECHNOLO BKVD2N4 104.10 433 67,696
0.33 PEGASYSTEMS INC 2675860 59.70 737 66,079
0.32 WIX.COM LTD BFZCHN7 159.19 268 64,073
0.32 ZEBRA TECH CORP 2989356 306.99 138 63,625
0.32 HUBBELL INC BDFG6S3 369.84 114 63,320
0.31 RAKUTEN GROUP IN 6229597 852.90 8,001 63,817
0.31 CYBERARK SOFTWAR BQT3XY6 270.40 152 61,727
0.30 AMPLIFON SPA B14NJ71 33.68 1,102 59,710
0.30 VERINT SYSTEMS 2849193 32.69 1,204 59,111
0.29 ERICSSON LM-ADR 2031730 6.13 6,343 58,395
0.29 SOCIONEXT INC BMTVX75 3,803.00 1,630 57,970
0.29 OKTA INC BDFZSP1 92.37 415 57,571
0.29 C3.AI INC-A BMGNBJ2 28.55 1,337 57,327
0.28 TOSHIBA TEC CORP 6894887 3,450.00 1,724 55,622
0.28 CCC INTELLIGENT BP4CXL8 11.50 3,204 55,337
0.28 ADVANTECH 6202673 370.00 3,242 55,329
0.28 INFORMATICA IN-A BMG95P4 31.00 1,176 54,751
0.26 ACER INC 6005850 46.95 23,297 50,452
0.25 SMARTSHEET INC-A BFZND98 43.56 760 49,719
0.25 AMBARELLA INC B7KH3G6 53.39 608 48,751
0.24 PROCORE TECHNOLO BLH11J8 64.51 494 47,861
0.24 GENPACT LTD B23DBK6 31.99 973 46,747
0.24 GLOBAL UNICHIP B056381 1,540.00 647 45,958
0.23 TIETOEVRY OYJ 5479702 18.26 1,541 45,269
0.23 DOCUSIGN INC BFYT7B7 52.69 570 45,105
0.22 DXC TECHNOLOGY C BYXD7B3 18.84 1,535 43,432
0.20 TWILIO INC - A BD6P5Q0 55.99 480 40,362
0.19 TERADATA CORP B247H10 34.64 737 38,341
0.19 STONECO LTD-A BGKG6M3 12.07 2,066 37,451
0.18 TEMENOS AG-REG 7147892 61.50 356 36,657
0.17 ALCHIP TECH B4TPSL0 2,450.00 295 33,337
0.14 UIPATH INC -CL A BMD02L5 12.68 1,499 28,546
0.14 VIASAT INC 2946243 12.91 1,465 28,405
Holdings are subject to change.

Sector Breakdown As of 28 Jun 2024

Sector Weight (%)
Information Technology 63.2
Communication Services 15.8
Consumer Discretionary 10.5
Industrials 9.2
Health Care 0.9
Financials 0.2
Other/Cash 0.2

Country Breakdown As of 28 Jun 2024

Country Weight (%)
United States 71.0
China 7.9
South Korea 4.7
Germany 3.1
Canada 3.0
Ireland 2.9
Japan 2.8
Netherlands 1.7
Taiwan 1.0
Israel 0.6
Italy 0.3
Other/Cash 1.0

Research

How to Position Tech and Artificial Intelligence in Your Portfolio

Read More

Four Companies Reshaping the Artificial Intelligence Landscape

Read More

Introducing GXAI: Capture the AI Revolution

Read More

Documents




Announcements/Notices

FAQs

  • What is artificial intelligence?

    The field of artificial intelligence (AI) refers to the design of computer systems that can automate tasks that would otherwise require human intelligence or intervention. Virtual assistants, navigational apps, content recommendation systems, and generative AI tools such as ChatGPT are all examples of AI in our daily lives.

    The opportunity for AI today lies in the application of machine learning and deep learning. These subsets of the technology focus on creating AI algorithms that seek to emulate the decision-making processes of a human brain. These algorithms are capable of ‘learning’ from data to make increasingly accurate predictions or classifications over time. This includes improvements in its ability to adapt to new situations, understand complex content, and engage in natural human-like interactions.

    ChatGPT and generative AI are the latest iterations of this technology. Generative AI models are capable of near instant generation of content based on a single prompt and have the potential to change how a huge portion of the economy operates. While the full scope of the impact is still unknown, it is likely to become a massive driver of growth for numerous industries as it develops.

  • Why invest in artificial intelligence?

    AI’s broad applicability represents a platform shift in the making, one that will have a broad impact on the adoption of technology across the economy. Roughly 56% of companies utilise AI in their operations today, but most have only engaged in limited implementation, representing a significant opportunity for entrenchment.1 In industries like healthcare, cybersecurity, manufacturing, and transportation for example, AI can improve service delivery, identify system weaknesses, personalise customer experiences, and foster new product development.

    Overall, AI could contribute up to US$16 trillion to global GDP in 2030 with roughly US$9 trillion originating from consumption side-effects and the other US$7 trillion coming from increased productivity and efficiency.2 For context, that would equate to almost 14% of global GDP, more than the combined growth of China and India today.3

    1 Compta. (February 29, 2024). Top Artificial Intelligence Statistics and Facts for 2024.
    2 Me, Myself an AI: What you need to know, and Medium. (August 31, 2023). The Socioeconomic Impact of AI: Bridging the Digital Divide and Empowering Communities.
    3 Ibid.

  • How are the companies in the index identified and weighted?

    GXAI seeks to track the Indxx Artificial Intelligence & Big Data Index which aims to capture the performance of companies that are positioned to benefit from the development and utilisation of AI technology in their products and services, as well as companies that produce hardware used in AI for the analysis of big data.

    Components are chosen based on both categorisation and exposures scores. Category 1 includes companies identified as ‘AI Developers’ and providers of ‘AI-as-a-service’. Category 2 includes companies identified as ‘AI Hardware’ and ‘Quantum Computing’. Companies are then scored by the extent of their AI exposure using a proprietary framework. The top 60 securities from Category 1 and the top 25 securities from Category 2 will be selected for the final security selection based on their exposure score. Each component of the index with an exposure score >20% is subject to a maximum weight of 3%, and components with exposure score <20% have a maximum weight of 1%.

    For more information on the index methodology, please visit https://www.indxx.com/indices/thematic-indices/indxx_artificial_intelligence_&_big_data_index

  • How does GXAI invest in artificial intelligence companies?

    GXAI is a full replication ETF which tracks the Indxx Artificial Intelligence & Big Data Index by holding all securities in the same weighting as the index. GXAI shares an index with the Nasdaq-listed Global X Artificial Intelligence & Technology ETF (AIQ), which is managed by the Global X team in New York. AIQ is one of the largest AI-focused thematic ETFs in the world with more than US$1.6 billion in assets under management as of March 2024.

  • What are the benefits of using an ETF to access artificial intelligence?

    An ETF allows diversified access to AI companies at a low cost and reduced risk compared to individual stock picking. For example, the Global X Artificial Intelligence ETF (ASX: GXAI) seeks to invest in the full value-chain of companies that stand to benefit from the increased adoption of AI technology, particularly those whose principal business is in the development and distribution of AI tools, hardware, and other autonomous systems.

  • How can you use GXAI in a portfolio?


    • As a satellite portfolio component to gain exposure to increasing AI demand and the long-term growth potential of the overall AI industry.

    • As a thematic tilt towards other megatrends such as digitalisation, internet of things (IoT), and automation.

    • As a complementary diversification tool for major technology stocks in the S&P 500 and Nasdaq 100.

    • To capture emerging AI opportunities without the risk of having to pick and identify prospective firms or startups within a technical and nascent industry.

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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