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AIQ

Artificial Intelligence & Technology ETF

Morningstar Rating™ - Overall rating out of 231 Technology funds, based on risk-adjusted returns as of 08/31/2024

 

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 09/10/24

Inception Date 05/11/18
Total Expense Ratio 0.68%
Net Assets $2.05 billion
NAV $34.02
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 09/10/24

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 0.06%

Distributions As of 09/10/24

30-Day SEC Yield 0.20%
Distribution Frequency Semi-Annually

ETF Prices As of 09/10/24

NAV $34.02 Daily Change $0.28 0.83%
Market Price $34.02 Daily Change $0.30 0.89%

Performance History

As of recent
(06/30/24)
As of recent
(06/30/24)
Fund NAV Market Price Index
1 Year 27.80% 27.66% 28.71%
3 Years 5.56% 5.63% 6.16%
5 Years 17.38% 17.42% 17.97%
Since Inception 15.59% 15.62% 16.12%
1 Year 23.98% 23.95% 24.83%
3 Years 4.00% 3.84% 4.58%
5 Years 17.53% 17.50% 18.14%
Since Inception 15.04% 15.03% 15.57%
Year-to-Date 14.36% 14.41% 14.74%
1 Month 6.97% 6.93% 7.02%
3 Months 4.96% 5.04% 4.96%
Since Inception 143.53% 143.88% 150.43%
Year-to-Date 13.68% 13.51% 14.20%
1 Month 1.11% 1.00% 1.19%
3 Months 6.34% 6.09% 6.52%
Since Inception 142.09% 141.96% 149.26%

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 09/10/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
3.52 NOW SERVICENOW INC B80NXX8 860.15 83,908 72,173,466.20
3.50 IBM IBM 2005973 205.32 348,915 71,639,227.80
3.45 BABA ALIBABA GRP-ADR BP41ZD1 83.80 844,106 70,736,082.80
3.41 ORCL ORACLE CORP 2661568 155.89 448,884 69,976,526.76
3.30 ACN ACCENTURE PLC-CL A B4BNMY3 347.70 194,474 67,618,609.80
3.30 CSCO CISCO SYSTEMS INC 2198163 48.79 1,385,590 67,602,936.10
3.30 ADBE ADOBE INC 2008154 574.48 117,674 67,601,359.52
3.28 NFLX NETFLIX INC 2857817 673.62 99,916 67,305,415.92
3.24 META META PLATFORMS INC B7TL820 504.79 131,436 66,347,578.44
3.16 700 HK TENCENT HOLDINGS LTD BMMV2K8 47.27 1,371,043 64,813,005.76
3.07 AAPL APPLE INC 2046251 220.11 285,501 62,841,625.11
3.02 AMZN AMAZON.COM INC 2000019 179.55 344,606 61,874,007.30
3.01 CRM SALESFORCE INC 2310525 246.16 250,844 61,747,759.04
2.92 MSFT MICROSOFT CORP 2588173 414.20 144,398 59,809,651.60
2.88 TSLA TESLA INC B616C79 226.17 260,734 58,970,208.78
2.84 AVGO BROADCOM INC BDZ78H9 148.21 392,238 58,133,593.98
2.76 NVDA NVIDIA CORP 2379504 108.10 523,989 56,643,210.90
2.62 QCOM QUALCOMM INC 2714923 161.68 332,234 53,715,593.12
2.56 GOOGL ALPHABET INC-CL A BYVY8G0 148.66 353,335 52,526,781.10
2.55 005930 KS SAMSUNG ELECTRON 6771720 49.27 1,061,280 52,291,865.58
2.50 UBER UBER TECHNOLOGIES INC BK6N347 68.99 743,036 51,262,053.64
2.49 SIE GR SIEMENS AG-REG 5727973 178.89 284,869 50,959,476.91
1.67 MU MICRON TECHNOLOGY INC 2588184 86.85 394,319 34,246,605.15
1.47 3690 HK MEITUAN-CLASS B BGJW376 15.25 1,968,415 30,016,100.89
1.46 000660 KS SK HYNIX INC 6450267 115.74 258,831 29,956,622.75
1.43 SHOP SHOPIFY INC - CLASS A BXDZ9Z0 68.17 430,083 29,318,758.11
1.40 INTC INTEL CORP 2463247 18.98 1,513,772 28,731,392.56
1.34 TRI THOMSON REUTERS CORP BNBXPB4 171.45 160,184 27,463,546.80
1.24 SNPS SYNOPSYS INC 2867719 465.50 54,369 25,308,769.50
1.21 CDNS CADENCE DESIGN SYS INC 2302232 255.85 96,786 24,762,698.10
1.00 FTNT FORTINET INC B5B2106 76.07 270,224 20,555,939.68
1.00 NXPI NXP SEMICONDUCTORS NV B505PN7 225.19 90,924 20,475,175.56
0.94 WDAY WORKDAY INC-CLASS A B8K6ZD1 255.58 75,454 19,284,533.32
0.77 TTD TRADE DESK INC-A BD8FDD1 99.71 157,460 15,700,336.60
0.76 EXPN LN EXPERIAN PLC B19NLV4 48.11 325,274 15,648,789.62
0.72 WKL NA WOLTERS KLUWER 5671519 167.75 87,992 14,760,505.06
0.71 IFX GR INFINEON TECHNOLOGIES AG 5889505 31.42 462,580 14,535,738.48
0.70 6702 JP FUJITSU LIMITED 6356945 19.54 731,175 14,284,824.64
0.67 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 85.55 161,467 13,813,501.85
0.58 DDOG DATADOG INC - CLASS A BKT9Y49 108.12 109,695 11,860,223.40
0.52 EBAY EBAY INC 2293819 60.26 177,293 10,683,676.18
0.51 ROK ROCKWELL AUTOMATION INC 2754060 261.99 40,183 10,527,544.17
0.46 6954 JP FANUC CORP 6356934 26.63 353,916 9,424,202.38
0.42 5803 JP FUJIKURA LTD 6356707 27.10 318,226 8,623,243.35
0.42 SMCI SUPER MICRO COMPUTER INC B1VQR35 412.72 20,741 8,560,225.52
0.42 6701 JP NEC CORP 6640400 87.94 96,861 8,518,310.85
0.41 BIDU BAIDU INC - SPON ADR B0FXT17 82.05 102,093 8,376,730.65
0.41 ZS ZSCALER INC BZ00V34 155.90 53,376 8,321,318.40
0.39 ERIC ERICSSON (LM) TEL-SP ADR 2031730 7.33 1,101,529 8,074,207.57
0.37 STX SEAGATE TECHNOLO BKVD2N4 102.26 74,114 7,578,897.64
0.36 HPE HEWLETT PACKA BYVYWS0 16.10 462,549 7,447,038.90
0.36 G GENPACT LTD B23DBK6 38.73 190,009 7,358,573.55
0.36 4755 JP RAKUTEN GROUP INC 6229597 6.64 1,105,455 7,341,296.41
0.36 HUBB HUBBELL INC BDFG6S3 380.16 19,181 7,291,848.96
0.33 SMAR SMARTSHEET INC-CLASS A BFZND98 51.21 131,852 6,752,140.92
0.33 DXC DXC TECHNOLOGY CO BYXD7B3 20.69 322,325 6,668,904.25
0.32 6588 JP TOSHIBA TEC CORP 6894887 23.51 282,599 6,643,913.28
0.32 PEGA PEGASYSTEMS INC 2675860 64.66 101,368 6,554,454.88
0.32 ZBRA ZEBRA TECH CORP 2989356 334.85 19,250 6,445,862.50
0.31 TIETO FH TIETOEVRY OYJ 5479702 20.48 312,166 6,393,898.19
0.31 CYBR CYBERARK SOFTWAR BQT3XY6 260.96 24,046 6,275,044.16
0.30 INFA INFORMATICA INC - CLASS A BMG95P4 24.39 255,572 6,233,401.08
0.30 PATH UIPATH INC - CLASS A BMD02L5 12.03 517,272 6,222,782.16
0.30 DOCU DOCUSIGN INC BFYT7B7 54.56 113,483 6,191,632.48
0.30 TEMN SW TEMENOS AG - REG 7147892 69.30 87,915 6,092,605.43
0.30 TWLO TWILIO INC - A BD6P5Q0 57.27 106,052 6,073,598.04
0.30 AMP IM AMPLIFON SPA B14NJ71 30.63 197,842 6,059,879.90
0.29 CCCS CCC INTELLIGENT BP4CXL8 10.43 570,620 5,951,566.60
0.29 6526 JP SOCIONEXT INC BMTVX75 19.31 305,336 5,894,682.60
0.28 WIX WIX.COM LTD BFZCHN7 153.66 37,740 5,799,128.40
0.28 2353 TT ACER INC 6005850 1.27 4,541,600 5,785,028.35
0.27 AMBA AMBARELLA INC B7KH3G6 50.83 110,179 5,600,398.57
0.27 2395 TT ADVANTECH CO LTD 6202673 9.93 562,957 5,588,031.43
0.27 VSAT VIASAT INC 2946243 14.94 368,169 5,500,444.86
0.27 TDC TERADATA CORP B247H10 27.58 197,152 5,437,452.16
0.26 3661 TT ALCHIP TECHNOLOGIES LTD B4TPSL0 71.92 74,650 5,369,001.94
0.26 STNE STONECO LTD-A BGKG6M3 11.29 468,840 5,293,203.60
0.24 PCOR PROCORE TECHNOLOGIES INC BLH11J8 53.23 90,991 4,843,450.93
0.24 AI C3.AI INC-A BMGNBJ2 21.50 224,330 4,823,095.00
0.23 CLS CELESTICA INC BMDLRD5 43.49 110,256 4,795,033.44
0.23 VRNT VERINT SYSTEMS INC 2849193 25.89 183,576 4,752,782.64
0.23 OKTA OKTA INC BDFZSP1 71.00 66,291 4,706,661.00
0.22 3443 TT GLOBAL UNICHIP CORP B056381 31.04 147,865 4,589,270.21
0.21 SNAP SNAP INC - A BD8DJ71 8.64 495,185 4,278,398.40
0.10 CASH 1.00 1,961,626 1,961,626.03
0.02 OTHER PAYABLE & RECEIVABLES 1.00 480,578 480,578.41
0.00 JAPANESE YEN 0.01 3,016,571 21,138.51
0.00 SWISS FRANC 1.18 133 156.41
0.00 KOREAN WON 0.00 -4 0.00
0.00 TAIWAN DOLLAR 0.03 -1 -0.02
0.00 EURO 1.10 -333 -366.66
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 08/31/24

Sector Weight (%)
Information Technology 64.3
Communication Services 13.8
Consumer Discretionary 11.1
Industrials 9.9
Health Care 0.9

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Software & Services 38.7
Semiconductors & Semiconductor Equipment 16.3
Technology Hardware & Equipment 12.6
Media & Entertainment 9.9
Consumer Discretionary Distribution & Retail 8.5
Capital Goods 4.6
Commercial & Professional Services 2.7
Automobiles & Components 2.6
Transportation 2.6
Health Care Equipment & Services 0.9
Materials 0.3
Other 0.3

Source: new windowAltaVista Research, LLC

Country Weight (%)
United States 68.4
China 8.3
South Korea 4.4
Ireland 4.2
Germany 3.3
Canada 3.1
Japan 3.0
Netherlands 1.8
Taiwan 1.1
Israel 0.6
Sweden 0.4
Other 1.4

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 09/10/24

Return on Equity 15.80%
Weighted Avg. Market Cap 535,693 M
2023 2024
Price-to-earnings 32.63 23.90
Price-to-book value 4.02 3.58

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 08/31/24

Versus Beta
S&P 500 1.21
NASDAQ-100 1.04
MSCI EAFE 1.06
MSCI Emg. Mkts 1.07
Standard Deviation 24.40%

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 08/31, AIQ was rated against the following numbers of Technology funds over the following time periods: 231 during the last 3 years, 201 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.