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Fund size
$360.9M
OCT 2026
Total cost ratio
0.69%
per year
Distributions
Annually
Since inception
8.2 yrs
AUG 2018
The Fund will attempt to (before fees and expenses) fully replicate the performance of the Index by investing its assets in a portfolio of securities that comprise the Index in proportion to the weight assigned to each security within the Index. The Solactive Battery Value-Chain Index aims to track the performance of a basket of stocks of companies that are providers of certain electro-chemical energy storage technology (i.e., battery technology) and mining companies that produce metals that are primarily used for manufacturing batteries.
US equity 24.04%Non-US equity 75.71%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 99.76 | 99.76 | — |
| Bond | 0.00 | 0.00 | — |
| Cash | 0.24 | 0.24 | — |
| Other | 0.00 | 0.00 | — |
Cyclical 43.85%Sensitive 51.71%Defensive 4.44%
Developed markets 85.46%Emerging markets 14.54%
Size score
216
Value-growth score
144
Economic moat
Narrow 43%None 41%Wide 17%
Giant 34%Large 29%Mid 14%Small 8%Micro 14%
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| Panasonic Holdings Corp 6752 | 4.14 | AUG 2018 | 24.8M | JPY | 603,500 | Technology | Japan | |
| Hitachi Ltd 6501 | 3.51 | NOV 2025 | 21.0M | JPY | 418,400 | Industrials | Japan | |
| TDK Corp 6762 | 3.29 | MAY 2019 | 19.7M | JPY | 722,800 | Technology | Japan | |
| NGK Corp 5333 | 3.25 | AUG 2018 | 19.5M | JPY | 391,700 | Industrials | Japan | |
| Siemens AG SIE | 3.23 | NOV 2025 | 19.4M | EUR | 43,088 | Industrials | Germany | |
| ABB Ltd ABBN | 2.90 | AUG 2018 | 17.4M | CHF | 127,172 | Industrials | Switzerland | |
| Rio Tinto PLC Ordinary Shares RIO | 2.88 | MAY 2025 | 17.2M | GBP | 127,184 | Basic Materials | United Kingdom | |
| Sumitomo Electric Industries Ltd 5802 | 2.87 | AUG 2018 | 17.2M | JPY | 810,500 | Consumer Cyclical | Japan | |
| Caterpillar Inc CAT | 2.80 | NOV 2025 | 16.8M | USD | 14,393 | Industrials | United States | |
| Tesla Inc TSLA | 2.79 | AUG 2018 | 16.7M | USD | 32,765 | Consumer Cyclical | United States |
Fund (NAV) Market price
1M
-8.3
3M
-16.5
6M
-6.7
YTD
-0.1
1Y
18.8
3Y
19.3
5Y
9.6
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | -8.28 | -7.48 | -8.22 | — |
| 3 months | -16.49 | -15.59 | -16.34 | — |
| 6 months | -6.68 | -5.06 | -6.36 | — |
| Year to date | -0.05 | 0.67 | 0.46 | — |
| 1 year | 18.78 | 19.71 | 19.60 | — |
| 3 years p.a. | 19.31 | 19.45 | 20.14 | — |
| 5 years p.a. | 9.55 | 9.43 | 10.31 | — |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Total Capital
2019
16.4
2020
63.1
2021
22.0
2022
-9.9
2023
10.5
2024
8.1
2025
60.6
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | 60.61 | 57.74 | 1 |
| 2024 | 8.10 | 1.77 | 97 |
| 2023 | 10.49 | 3.13 | 95 |
| 2022 | -9.93 | -9.27 | 23 |
| 2021 | 21.95 | 14.13 | 74 |
| 2020 | 63.14 | 60.69 | 1 |
| 2019 | 16.35 | 14.87 | 95 |
FY20
14.1
FY21
82.3
FY22
-14.5
FY23
40.4
FY24
-15.1
FY25
10.5
FY26
80.4
| Financial year | Total % |
|---|---|
| Financial year to date | -16.84 |
| Year to 30 JUN 2026 | 80.39 |
| Year to 30 JUN 2025 | 10.53 |
| Year to 30 JUN 2024 | -15.09 |
| Year to 30 JUN 2023 | 40.39 |
| Year to 30 JUN 2022 | -14.51 |
| Year to 30 JUN 2021 | 82.34 |
| Year to 30 JUN 2020 | 14.12 |
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | 6.55 | 0.89 | -0.73 | — |
| Beta | 1.39 | 1.02 | 1.08 | — |
| R-squared | 15.09 | 16.07 | 29.02 | — |
| Standard deviation | 38.49 | 27.64 | 26.27 | — |
| Sharpe ratio | 0.45 | 0.60 | 0.43 | — |
| Sortino ratio | 0.46 | 0.80 | 0.49 | — |
| Tracking error | 29.94 | 21.86 | 18.20 | — |
| Information ratio | 0.11 | -0.10 | -0.13 | — |
| Upside capture % | 125.28 | 105.86 | 101.59 | — |
| Downside capture % | 117.51 | 145.12 | 123.00 | — |
| Maximum drawdown % | -24.24 | -24.24 | -24.24 | — |
Measured against MSCI World Ex Australia NR AUD with RBA Bank accepted Bills 90 Days as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.
Risk score
105.1
Morningstar Portfolio Risk Score at 30 SEP 2026.
2024
1.3
2023
6.0
2022
3.5
2021
0.8
2020
6.3
2019
0.8
2018
1.2
| Year | Per unit ($) |
|---|---|
| 2024 | 1.2626 |
| 2023 | 6.0220 |
| 2022 | 3.4896 |
| 2021 | 0.7583 |
| 2020 | 6.3140 |
| 2019 | 0.7918 |
| 2018 | 1.2362 |
| Ex Date | Per unit ($) |
|---|---|
| 2 JUL 2026 | 16.3369 |
| 30 JUN 2025 | 1.2626 |
| 28 JUN 2024 | 6.0220 |
| 30 JUN 2023 | 3.4896 |
| 30 JUN 2022 | 0.7583 |
| 30 JUN 2021 | 6.3140 |
| 30 JUN 2020 | 0.7918 |
| 28 JUN 2019 | 1.2362 |
Low
ESG risk score
25.80
Category average 20.47
5.80% of assets are in companies with high or severe controversies.
Carbon risk score
15.42
Category average 9.07
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
The ACDC ETF provides investors with exposure to a global portfolio of companies involved across the battery value chain, including lithium and other critical mineral miners, battery manufacturers and electric vehicle producers, offering diversified exposure to the long-term electrification and energy storage theme.
The lithium sector has roared higher as the underlying battery metal more than doubled from its mid-2025 low. The combination of the increased rate of EV purchases and increasingly bullish estimates of surging demand for battery storage due to AI has propelled the ACDC ETF up +120% from its 2025 low but we feel the Zimbabwe news could be the last piece of the puzzle in the short term to support the advance.
The lithium sector has also roared higher as the underlying battery metal traded back towards $US1,150/MT after testing $US600 earlier in the year, sparking short-covering and aggressive upgrades. The combination of the increased rate of EV purchases and increasingly bullish estimates of surging demand for battery storage due to AI has propelled the ACDC ETF up +53% in 2025.
The lithium sector has almost doubled from its 2025 low, following the battery metal higher. The impact has been dramatic on related stocks, with many suddenly approaching, or having reached, viability as the price rises. The ASX-traded ACDC ETF provides exposure to a cross section of companies from lithium miners to auto manufacturers:
The lithium sector exploded higher last week helped by Mineral Resources (MIN) deal with Posco and a well-received report from Morgan Stanley: The banks analysts believe that the lithium market has reached a “turning point,” thanks to signs of improving sentiment—driven by falling inventories and softer-than-expected supply growth.
The lithium sector has roared higher from its April lows as the underlying battery metal traded back towards $1,000US/MT after testing $US600 earlier in the year. The impact has been dramatic on related stocks, with many suddenly approaching, or having reached, viability as the price rises.
The ACDC has surged along with the lithium sector, punching over +85% higher from its June low. This ETF provides excellent broad-based global exposure to the Solactive Battery Value-Chain Index for 0.69% pa.
The ACDC has surged along with the lithium sector, punching over 60% higher from its June low. This ETF provides excellent broad-based global exposure to the Solactive Battery Value-Chain Index for 0.69% pa.
The lithium anchored ETF has also bounced ~40% from its 2025 low. Our preferred scenario is that we see a few weeks of consolidation by this ETF, similar to that in May, before another push to new 2025 highs: 41% of this ETF is allocated to Chinese stocks and 20% the US, with Albermarle the largest holding at ~9.2%.
There are currently two bullish open trade ideas: Long the Global X Battery Tech & Lithium ETF (ACDC) at $91.25 with stops at $89.85. Long the QRE ETF at $6.70 with stops at $6.70.
MM is cautiously bullish towards the ACDC ETF below $120
MM is now neutral towards the ACDC ETF
MM remains cautiously bullish towards the lithium sector in 2026
MM is now neutral towards the lithium sector into Christmas
We expect some near term consolidation in Lithium stocks after a strong run
MM is bullish towards the ACDC medium term
MM is bullish towards the ACDC medium term
Trade Idea: Buy the Global X Battery Tech & Lithium ETF (ACDC) at $91.25 with stops at $88.60 – 3% risk.
MM is bullish on the ACDC ETF over the coming months
MM is bullish toward the ACDC ETF
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