Skip to content
etf.net

In Fund Radar

Global X's language-model registration takes effect at 0.75%

The Global X LLM ETF registration took effect on Tuesday, September 29, at a 0.75% fee, the same day Tidal Trust IV and Simplify filed summary prospectuses and no fund filed to close.

· 2 min read · ETF.net Research

Glowing blue LED lights detail a modern server rack inside a high-tech data center.

Key takeaways

  • Global X put a language-model ETF into effect at 0.75%.
  • Global X checked the box for immediate effectiveness.
  • The fund looks to an index it will not copy.
  • The trillions fund may invest in private companies preparing to list.

On Tuesday, September 29, Global X Funds put the registration for the Global X LLM ETF LLMA, a fund that seeks to own companies building their own large language models, into effect at a 0.75% fee. The rest of the day's paper was two summary prospectuses, and no fund filed to close.

FundFeeTuesday's paper
Global X LLM ETF LLMA, companies that build their own language models0.75%Registration effective
VegaShares Trillions ETF TRIL, global publicly listed companies worth at least $1 trillion0.49%Summary prospectus; no operating history
Simplify Brookwood Global Macro ETF GMAC, long and short positions across stocks, bonds, currencies and commodities0.50%Summary prospectus; operations recently begun

Global X checked the box for the amendment to take effect immediately on filing, and the SEC accepted it at 5:33 p.m. New York time on Monday, September 28, and dated it effective Tuesday.

The prospectus says the adviser looks to the Akros LLM Index for those companies, but the fund will not copy the index.

Simplify's summary prospectus for GMAC is dated Monday, September 28, and the SEC accepted it at 6:18 p.m. that evening.

Tidal Trust IV filed the summary prospectus for TRIL, and the SEC accepted it at 7:15 a.m. Tuesday.

The prospectus says the fund will not copy the BITA Trillion Dollar Cap Index, which tracks global publicly listed companies worth at least $1 trillion. It also says the fund may invest a portion in private, non-listed companies that Vega Capital Partners, the sub-adviser, sees as similar to those in the index, including late-stage companies preparing to list.

That filing calls the fund recently organized, with no operating history. The ticker belonged to the Defiance Trillion Dollar Club Index ETF, which stopped trading on Monday, January 26, and Defiance said remaining holders would be paid cash for their shares on Friday, January 30.

Frequently asked

What does the Global X LLM ETF seek to own?

It seeks to own companies building their own large language models.

Does the fund copy the Akros LLM Index?

The adviser looks to the Akros LLM Index, but the fund will not copy the index.

What other ETF paperwork was filed that day?

Tidal Trust IV filed a summary prospectus for the VegaShares Trillions ETF, and Simplify filed one for the Simplify Brookwood Global Macro ETF.

Did any fund file to close?

No fund filed to close.

Related articles