Global X - Big Data & Hardware Index - ETF

The fund’s underlying index tracks the performance of companies focusing directly on data development, storage, and management-related services and solutions as well as hardware and hardware-related services used in data-intensive applications such as blockchain. Its three-tiered approach is designed to take: (i) one-third of constituent from companies focusing on the development of blockchain technologies, (ii) one-third from the semiconductor industry which is at the heart of much of the hardware required for blockchain technology mining, and (iii) one third from industries that directly supply other relevant hardware or provide services increasingly important to large-scale mining on a commercial level. Constituents are equally weighted within each industry group and initially capped at 5%. The portfolio, comprised at most of 50 securities, is weighted equally and rebalanced quarterly.