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AIQ

Artificial Intelligence & Technology ETF

Morningstar Rating™ - Overall rating out of 235 Technology funds, based on risk-adjusted returns as of 09/30/2024

 

Reasons to Consider AIQ

High Growth Potential

Spurred by breakthroughs in generative AI, forecasts suggest the global artificial intelligence market could increase more than 300x from $39bn in 2022 to $1.3tn by 2032.1

Rapid Commercialization

AI is quickly expanding beyond data centers, enabling innovative commercial applications in diverse sectors, including Agriculture, Health Care, and beyond. Forecasts indicate that over 729mm individuals will use AI tools by 2030, up 254mm 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. AIQ invests accordingly, without regard for sector or geography.

1Bloomberg, Jun 2023
2Statista, Feb 2024

Key Information As of 10/10/24

Inception Date 05/11/18
Total Expense Ratio 0.68%
Net Assets $2.27 billion
NAV $37.76
Fact Sheet View the document

ETF Summary

The Global X Artificial Intelligence & Technology ETF (AIQ) seeks to invest in companies that potentially stand to benefit from the further development and utilization 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.

ETF Objective

The Global X Artificial Intelligence & Technology ETF (AIQ) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Artificial Intelligence & Big Data Index.

Trading Details As of 10/10/24

Ticker AIQ
Bloomberg Index Ticker IAIQ
CUSIP 37954Y632
ISIN US37954Y6326
Primary Exchange Nasdaq
Shares Outstanding 60,240,002
Number of Holdings 84
30-Day Median Bid-Ask Spread 0.11%

Distributions As of 10/10/24

30-Day SEC Yield 0.09%
Distribution Frequency Semi-Annually

ETF Prices As of 10/10/24

NAV $37.76 Daily Change $0.11 0.29%
Market Price $37.78 Daily Change $0.05 0.13%

Performance History

As of recent month & quarter-end (09/30/24)
As of recent month & quarter-end (09/30/24)
Fund NAV Market Price Index
1 Year 38.31% 38.38% 39.20%
3 Years 7.57% 7.62% 8.19%
5 Years 18.93% 18.86% 19.54%
Since Inception 15.73% 15.72% 16.27%
1 Year 38.31% 38.38% 39.20%
3 Years 7.57% 7.62% 8.19%
5 Years 18.93% 18.86% 19.54%
Since Inception 15.73% 15.72% 16.27%
Year-to-Date 19.50% 19.35% 20.10%
1 Month 5.12% 5.15% 5.17%
3 Months 4.50% 4.32% 4.68%
Since Inception 154.48% 154.42% 162.14%
Year-to-Date 19.50% 19.35% 20.10%
1 Month 5.12% 5.15% 5.17%
3 Months 4.50% 4.32% 4.68%
Since Inception 154.48% 154.42% 162.14%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 10/10/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
4.06 BABA ALIBABA GRP-ADR BP41ZD1 109.28 844,106 92,243,903.68
3.58 IBM IBM 2005973 233.02 348,915 81,304,173.30
3.49 NOW SERVICENOW INC B80NXX8 944.63 83,908 79,262,014.04
3.46 ORCL ORACLE CORP 2661568 175.41 448,884 78,738,742.44
3.40 700 HK TENCENT HOLDINGS LTD BMMV2K8 56.48 1,371,043 77,433,735.99
3.37 META META PLATFORMS INC B7TL820 583.83 131,436 76,736,279.88
3.26 CSCO CISCO SYSTEMS INC 2198163 53.54 1,385,590 74,184,488.60
3.21 NFLX NETFLIX INC 2857817 730.29 99,916 72,967,655.64
3.20 AVGO BROADCOM INC BDZ78H9 185.69 392,238 72,834,674.22
3.20 CRM SALESFORCE INC 2310525 290.17 250,844 72,787,403.48
3.11 NVDA NVIDIA CORP 2379504 134.81 523,989 70,638,957.09
3.09 ACN ACCENTURE PLC-CL A B4BNMY3 361.07 194,474 70,218,727.18
2.88 AAPL APPLE INC 2046251 229.04 285,501 65,391,149.04
2.83 AMZN AMAZON.COM INC 2000019 186.65 344,606 64,320,709.90
2.74 TSLA TESLA INC B616C79 238.77 260,734 62,255,457.18
2.64 MSFT MICROSOFT CORP 2588173 415.84 144,398 60,046,464.32
2.61 ADBE ADOBE INC 2008154 503.57 117,674 59,257,096.18
2.55 UBER UBER TECHNOLOGIES INC BK6N347 77.92 743,036 57,897,365.12
2.52 GOOGL ALPHABET INC-CL A BYVY8G0 162.08 353,335 57,268,536.80
2.51 SIE GR SIEMENS AG-REG 5727973 200.28 284,869 57,054,702.17
2.46 QCOM QUALCOMM INC 2714923 168.52 332,234 55,988,073.68
2.16 3690 HK MEITUAN-CLASS B BGJW376 24.93 1,968,415 49,074,830.17
2.04 005930 KS SAMSUNG ELECTRON 6771720 43.62 1,061,280 46,292,966.01
1.83 MU MICRON TECHNOLOGY INC 2588184 105.69 394,319 41,675,575.11
1.57 000660 KS SK HYNIX INC 6450267 138.27 258,831 35,787,415.91
1.56 SHOP SHOPIFY INC - CLASS A BXDZ9Z0 82.71 430,083 35,572,164.93
1.55 INTC INTEL CORP 2463247 23.22 1,513,772 35,149,785.84
1.27 SNPS SYNOPSYS INC 2867719 533.08 54,369 28,983,026.52
1.19 CDNS CADENCE DESIGN SYS INC 2302232 280.64 96,786 27,162,023.04
1.17 TRI THOMSON REUTERS CORP BNBXPB4 166.59 160,184 26,685,052.56
0.98 FTNT FORTINET INC B5B2106 82.48 270,224 22,286,724.40
0.94 NXPI NXP SEMICONDUCTORS NV B505PN7 236.17 90,924 21,473,521.08
0.81 WDAY WORKDAY INC-CLASS A B8K6ZD1 245.16 75,454 18,498,302.64
0.80 TTD TRADE DESK INC-A BD8FDD1 115.71 157,460 18,219,696.60
0.72 EXPN LN EXPERIAN PLC B19NLV4 50.32 325,274 16,368,764.03
0.68 6702 JP FUJITSU LIMITED 6356945 21.22 731,175 15,515,806.35
0.68 IFX GR INFINEON TECHNOLOGIES AG 5889505 33.22 462,580 15,365,437.25
0.65 WKL NA WOLTERS KLUWER 5671519 166.90 87,992 14,686,157.95
0.64 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 90.25 161,467 14,572,396.75
0.63 DDOG DATADOG INC - CLASS A BKT9Y49 130.09 109,695 14,270,222.55
0.52 EBAY EBAY INC 2293819 66.05 177,293 11,710,202.65
0.49 5803 JP FUJIKURA LTD 6356707 34.76 318,226 11,062,218.32
0.47 ROK ROCKWELL AUTOMATION INC 2754060 268.15 40,183 10,775,071.45
0.47 BIDU BAIDU INC - SPON ADR B0FXT17 104.07 102,093 10,624,818.51
0.46 ZS ZSCALER INC BZ00V34 195.50 53,376 10,435,008.00
0.43 6954 JP FANUC CORP 6356934 27.37 353,916 9,687,625.05
0.42 SMCI SUPER MICRO COMPUTER INC BRC3N73 46.47 207,410 9,638,342.70
0.42 HPE HEWLETT PACKA BYVYWS0 20.54 462,549 9,500,756.46
0.39 6701 JP NEC CORP 6640400 91.78 96,861 8,889,915.28
0.37 HUBB HUBBELL INC BDFG6S3 443.45 19,181 8,505,814.45
0.36 ERIC ERICSSON (LM) TEL-SP ADR 2031730 7.45 1,101,529 8,206,391.05
0.35 STX SEAGATE TECHNOLO BKVD2N4 108.12 74,114 8,013,205.68
0.35 DOCU DOCUSIGN INC BFYT7B7 69.22 113,483 7,855,293.26
0.33 PEGA PEGASYSTEMS INC 2675860 73.67 101,368 7,467,780.56
0.33 TWLO TWILIO INC - A BD6P5Q0 70.09 106,052 7,433,184.68
0.32 SMAR SMARTSHEET INC-CLASS A BFZND98 55.50 131,852 7,317,786.00
0.32 G GENPACT LTD B23DBK6 38.37 190,009 7,290,645.33
0.31 ZBRA ZEBRA TECH CORP 2989356 369.24 19,250 7,107,870.00
0.31 CYBR CYBERARK SOFTWAR BQT3XY6 294.46 24,046 7,080,585.16
0.31 6588 JP TOSHIBA TEC CORP 6894887 24.95 282,599 7,049,536.33
0.31 4755 JP RAKUTEN GROUP INC 6229597 6.36 1,105,455 7,035,220.42
0.30 CLS CELESTICA INC BMDLRD5 61.25 110,256 6,753,180.00
0.29 INFA INFORMATICA INC - CLASS A BMG95P4 25.94 255,572 6,629,537.68
0.29 PATH UIPATH INC - CLASS A BMD02L5 12.56 517,272 6,496,936.32
0.29 AMBA AMBARELLA INC B7KH3G6 58.82 110,179 6,480,728.78
0.28 TEMN SW TEMENOS AG - REG 7147892 73.24 87,915 6,439,176.96
0.28 DXC DXC TECHNOLOGY CO BYXD7B3 19.91 322,325 6,417,490.75
0.28 WIX WIX.COM LTD BFZCHN7 167.10 37,740 6,306,354.00
0.27 CCCS CCC INTELLIGENT BP4CXL8 10.80 570,620 6,162,696.00
0.27 TDC TERADATA CORP B247H10 31.17 197,152 6,145,227.84
0.26 AI C3.AI INC-A BMGNBJ2 26.23 224,330 5,884,175.90
0.26 AMP IM AMPLIFON SPA B14NJ71 29.57 197,842 5,849,899.44
0.26 TIETO FH TIETOEVRY OYJ 5479702 18.71 312,166 5,840,965.13
0.26 6526 JP SOCIONEXT INC BMTVX75 19.03 305,336 5,811,084.54
0.25 2353 TT ACER INC 6005850 1.24 4,541,600 5,642,615.31
0.25 2395 TT ADVANTECH CO LTD 6202673 9.89 562,957 5,569,243.81
0.24 PCOR PROCORE TECHNOLOGIES INC BLH11J8 60.82 90,991 5,534,072.62
0.24 3443 TT GLOBAL UNICHIP CORP B056381 36.65 147,865 5,419,496.82
0.23 SNAP SNAP INC - A BD8DJ71 10.66 495,185 5,278,672.10
0.23 OKTA OKTA INC BDFZSP1 77.93 66,291 5,166,057.63
0.23 STNE STONECO LTD-A BGKG6M3 10.97 468,840 5,143,174.80
0.19 3661 TT ALCHIP TECHNOLOGIES LTD B4TPSL0 57.62 74,650 4,301,157.01
0.19 VRNT VERINT SYSTEMS INC 2849193 23.07 183,576 4,235,098.32
0.17 VSAT VIASAT INC 2946243 10.67 368,169 3,928,363.23
0.09 CASH 1.00 2,134,648 2,134,648.23
0.08 OTHER PAYABLE & RECEIVABLES 1.00 1,746,254 1,746,253.57
0.00 JAPANESE YEN 0.01 3,016,571 20,282.88
0.00 SWISS FRANC 1.17 133 154.53
0.00 KOREAN WON 0.00 -4 0.00
0.00 TAIWAN DOLLAR 0.03 -1 -0.02
0.00 EURO 1.09 -333 -363.50
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 09/30/24

Sector Weight (%)
Information Technology 65.9
Consumer Discretionary 13.2
Communication Services 10.0
Industrials 9.7
Health Care 0.9
Materials 0.3

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Software & Services 38.6
Semiconductors & Semiconductor Equipment 15.5
Technology Hardware & Equipment 11.7
Consumer Discretionary Distribution & Retail 10.3
Media & Entertainment 10.0
Capital Goods 4.6
Automobiles & Components 2.9
Commercial & Professional Services 2.7
Transportation 2.4
Health Care Equipment & Services 0.9
Materials 0.3
Other 0.1

Source: new windowAltaVista Research, LLC

Country Weight (%)
United States 67.2
China 10.9
Ireland 4.3
South Korea 3.7
Germany 3.3
Canada 3.0
Japan 2.9
Netherlands 1.6
Taiwan 0.9
Israel 0.6
Sweden 0.4
Other 1.2

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 10/10/24

Return on Equity 16.00%
Weighted Avg. Market Cap 562,043 M
2023 2024
Price-to-earnings 36.20 26.22
Price-to-book value 4.45 3.96

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 09/30/24

Versus Beta
S&P 500 1.22
NASDAQ-100 1.05
MSCI EAFE 1.05
MSCI Emg. Mkts 1.06
Standard Deviation 24.50%

Source: new windowAltaVista Research, LLC

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ETF Documents

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales load. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three- year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

As of 09/30, AIQ was rated against the following numbers of Technology funds over the following time periods: 235 during the last 3 years, 202 during the last 5 years. With respect to these Technology funds, AIQ received a Morningstar Rating of 3, and 4 stars, respectively. Past performance is not indicative of future results.

© 2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Investing involves risk, including the possible loss of principal. The investable universe of companies in which AIQ may invest may be limited. The companies in which the Fund invests may be subject to rapid changes in technology, intense competition, rapid obsolescence of products and services, loss of intellectual property protections, evolving industry standards and frequent new product productions, and changes in business cycles and government regulation.

International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Beginning October 15, 2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Since the Fund’s shares did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Indxx, nor does Indxx make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Indxx.