Overview

Performance

Distributions

Growth of $10,000

Holdings

Fund Documents

Overview

Investment Strategy:

AGIX invests at least 80% of its net assets in securities included in the Solactive Etna Artificial General Intelligence Index, designed to capture the performance of companies engaged in developing and applying artificial intelligence technologies. AGIX primarily holds publicly listed global AI and technology companies and can allocate to private companies that are not included in its underlying index.

The underlying index focuses on three key categories within the AI sector: hardware, infrastructure, and applications. Constituents are selected based on a proprietary AI Exposure Score, which assesses each company's relevance to and readiness for artificial intelligence technology. It includes companies developing semiconductors and data centers crucial for large language models (LLM), firms providing cloud and data services for AI training & deployment, and businesses leveraging AI to enhance efficiency, reduce costs, and improve customer experiences. This approach offers comprehensive exposure to the AI value chain, from foundational technology to practical implementations across various industries.

Generative AI Sector Highlights:

  • Generative AI’s exponential growth has just begun, and adoption is happening at a faster rate than previous technologies, underscored by ChatGPT reaching 100 million+ active users in 2 months, a milestone that took previous technologies years to achieve1.
  • Advances in AI could produce a $17.1-25.6 trillion boost to the global economy annually, according to McKinsey’s predictive models2.
  • McKinsey & Company projects that 50% of today’s work activities could be automated between 2030 and 2060, with a midpoint in 20452.

AGIX Features:

  • Exposure to global opportunities across the entire AI value chain, categorized by three main categories: hardware, infrastructure, and applications.
  • Holdings are selected based on an AI Exposure Score calculated by a proprietary formula based on 'AI relevance' and ‘AI readiness’.
  • Ability to allocate to private AI companies.

1. Data from Reuters and SimilarWeb as of 2/23/2023. Retrieved 6/30/2024.
2. Data from “The economic potential of generative AI: The next productivity frontier,” June 14th, 2023, McKinsey & Company. Retrieved 6/30/2024.

Premium Discount Chart

Daily Performance

Data as of 12/12/2024
Daily Net Asset Value (NAV) and Market Price
NAV $29.75
NAV Daily Change -0.60%
Market Price $29.79
Market Price Daily Change -0.67%
30 Day Median Bid/Ask Spread
0.21%

Performance History

Cumulative %
Data as of: 11/30/2024
Fund NAV Closing Price S&P 500
1 Month 9.61% 9.46% 5.87%
3 Month 14.65% 14.90% 7.15%
6 Month
YTD
Since Inception 12.72% 12.92% 8.49%
Cumulative %
Data as of quarter end: 09/30/2024
Fund NAV Closing Price S&P 500
Since Inception 1.64% 1.60% 3.41%

Broad-Based Securities Market Index (BBSMI) is a broad-based index that represents the overall applicable domestic, international equity, or debt market, as appropriate.

S&P 500 (Net Total Return): The S&P 500 is widely regarded as the best single gauge of large-cap U.S. equities. The index includes 500 companies in leading industries of the U.S. economy and covers approximately 80% of available market capitalization. The index was created in 1957.

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.

Ex-Date Record Date Payable Date Amount

Future calendar dates are subject to change. There is no guarantee that dividends will be paid. Past distributions are not indicative of future trends. This material is provided for educational purposes only and does not constitute investment advice.

Distributions are issued to brokers on the payable date, and are subject to broker payment schedules.

Growth of $10,000

Data as of 12/12/2024

The Growth of $10,000 chart reflects an initial investment of $10,000 on the day prior to the selected time period and assumes reinvestment of dividends and capital gains. For the growth of $10,000 chart since inception, the initial investment of $10,000 is instead made on the inception date of the Fund. Fund expenses, including management fees and other expenses were deducted. The growth of a $10,000 investment in the fund is hypothetical and for illustration purposes only. Fund performance data used in this chart is based on Fund NAV and represents past performance. Past performance does not guarantee future results.

Top 10 Holdings

Data as of 12/13/2024 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 MICROSOFT CORP 7.61% MSFT US5949181045 1,520 679,850
2 META PLATFORMS INC 7.50% META US30303M1027 1,081 670,058
3 AMAZON.COM INC 5.15% AMZN US0231351067 2,023 460,152
4 NVIDIA CORP 4.44% NVDA US67066G1040 2,959 397,246
5 APPLE INC 4.35% AAPL US0378331005 1,568 389,068
6 SALESFORCE INC 4.00% CRM US79466L3024 1,009 357,499
7 TESLA INC 3.89% TSLA US88160R1014 797 347,675
8 SERVICENOW INC 3.74% NOW US81762P1021 298 334,088
9 ALPHABET INC-CL A 3.44% GOOGL US02079K3059 1,620 307,508
10 BROADCOM INC 3.01% AVGO US11135F1012 1,198 269,310

Holdings are subject to change.