Global X Australia ex Financials & Resources ETF (OZXX)

The Global X Australia ex Financials & Resources ETF is an exchange-traded fund designed to provide investors with exposure to Australia's leading companies while intentionally excluding those in the financial (including real estate investment trusts), basic materials, and energy sectors. Its primary purpose is to offer targeted access to the performance of the Australian economy’s more diversified industries such as consumer discretionary, healthcare, technology, industrials, and communications, while reducing concentration in sectors that traditionally dominate the local market. This ETF tracks an index comprised of the top 100 Australian-listed companies outside of the financials and resources sectors, enabling investors to focus on growth and innovation-driven segments of the market. The fund is structured to pay distributions based on the income and capital gains generated from its underlying holdings, often including a franking component relevant to Australian investors. Its role in the financial market is to serve as a diversification tool, allowing asset allocators and individual investors to mitigate sector bias inherent in the Australian equity landscape. Managed by Global X, the fund is part of a broader suite of ETFs aimed at precise portfolio construction and sector-specific exposures.