A low-cost ETF for exposure to the top U.S. companies

Article Excerpt

GLOBAL X US LARGE CAP INDEX ETF $97.06 (Toronto symbol HULC; TSINetwork ETF Rating: Conservative; Market cap: $329.8 million) invests in U.S. publicly listed companies. The ETF is not currency hedged, but there is also a version denominated in U.S. dollars (symbol HULC.U). The ETF aims to track the Solactive US Large Cap Index. The index includes large companies listed on the U.S. public markets. Stocks are weighted based on the market values. Information technology companies form a large part of the portfolio at 35% of assets, while Financials (13%), Consumer Cyclical (12%), Healthcare (10%), Communication Services (8%), and Industrials (7%), are other key segments. The portfolio holds 494 stocks; the top 10 make up 36% of its assets. Top holdings include Apple (6.7%), Nvidia (6.1%), Microsoft Corp. (5.9%), Amazon (4.3%), Alphabet (2.0%), Meta (3.1%), Broadcom (2.1%) and J.P. Morgan (1.5%). The ETF started up in February 2020 and charges an MER of 0.09%. It has a medium-sized asset base and offers limited market liquidity with…