Global X Battery Tech & Lithium (ACDC) H2 2024 earnings summary

Executive summary

• The fund aims to track the Solactive Battery Value-Chain Index by holding constituent shares in proportion to index weights, with assets held in segregated accounts with the custodian.

• No significant changes in the fund's activities or state of affairs occurred during the year.

• The fund is quoted on the ASX and operates as an ETF, allowing daily trading and redemptions.

Financial highlights

• Net loss for the year ended 30 June 2024 was AUD 97.7 million, compared to a profit of AUD 188.5 million in the prior year.

• Total investment income dropped sharply, with net losses on financial instruments at fair value of AUD 104.0 million versus a gain of AUD 179.4 million last year.

• Distributions paid and payable increased to AUD 37.7 million from AUD 21.1 million year-over-year.

• Net assets attributable to unitholders decreased to AUD 510.9 million from AUD 625.1 million as of 30 June 2023.

• Applications from unitholders totaled AUD 58.7 million, while redemptions were AUD 40.1 million.

Outlook and guidance

• The fund will continue to be managed in line with its investment objectives and guidelines, with future results dependent on investment market performance.

• No further guidance or forecasts were provided due to potential prejudice to the fund.