Key Highlights

● CHPX traded down 1.71% at $90.24 in Friday's October 16 intraday session.

● The fund holds roughly 35 to 45 international AI semiconductor and quantum equities.

● CHPX charges a 0.50% expense ratio and pays semi-annual distributions.

● The fund launched on September 30, 2025 under Global X Management Company LLC.

While conventional semiconductor exchange-traded funds focus strictly on classical silicon computing architectures (such as central processing units (CPUs) and graphical processing units (GPUs)), the technological frontier of computation is rapidly expanding into non-classical physics. The Global X AI Semiconductor & Quantum ETF (NASDAQ:CHPX) is designed to capture the structural convergence between artificial intelligence hardware and next-generation quantum computing systems. CHPX fell 1.71% to $90.24 in intraday trading on Friday, October 16.

CHPX moved between $89.39 and $90.42 in intraday trading on Friday, October 16, after a previous close of $91.81, and its 52-week trading band runs from $49.00 to $112.00. The hybrid thematic structure reflects that quantum computing architectures, spanning superconducting qubits, trapped ions, and photonic processors, require advanced silicon foundry fabrication, specialized cryogenic control microchips, and high-performance classical AI supercomputers to execute error correction and algorithm execution.

Legal Architecture & Thematic Benchmark Methodology

CHPX is registered under the Investment Company Act of 1940 as an open-end management investment company, operating as an active investment series of Global X Funds. The fund launched on September 30, 2025. Global X Management Company LLC, a subsidiary of Mirae Asset Global Investments, serves as the registered investment advisor.

The fund tracks the Global X AI Semiconductor & Quantum Index, a rules-based thematic benchmark that screens global companies deriving significant revenue from two foundational computing segments: artificial intelligence semiconductor design and quantum computing hardware, software, and cryogenic systems. The index applies liquidity screens and a modified market-capitalization weighting methodology that caps top holdings to ensure balanced exposure between mature semiconductor giants and emerging pure-play quantum computing innovators.

Portfolio Composition: Blending Silicon Giants & Quantum Pure-Plays

CHPX holds approximately 35 to 45 international equities, creating a unique barbell portfolio structure. On one side, the fund holds massive allocations in foundational semiconductor leaders whose fabrication capabilities and advanced packaging technologies are essential to build quantum control interfaces, including NVIDIA (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), Broadcom (NASDAQ:AVGO), and Intel (NASDAQ:INTC). Geographic exposure spans the US, Taiwan, South Korea, and Europe.

On the other side of the barbell, CHPX allocates capital to pioneer commercial quantum computing hardware and software firms, including IonQ (NYSE:IONQ), Rigetti Computing (NASDAQ:RGTI), D-Wave Quantum (NYSE:QBTS), and Quantum Computing Inc. (NASDAQ:QUBT), alongside diversified industrial technology titans with major quantum divisions, such as IBM (NYSE:IBM) and Honeywell (NASDAQ:HON). This balance enables the fund to capture current cash flows from AI hardware while maintaining asymmetric upside to commercial quantum advantage milestones.

Cost Structure, Management Fees & Research Overhead

Global X charges an annual management expense ratio of 0.50% for CHPX. This fee covers the specialized thematic research, global custodial relationships, and proprietary indexing required to monitor the fast-evolving quantum computing and AI hardware sectors.

Compared to broader semiconductor index funds that charge between 0.15% and 0.35%, CHPX’s 0.50% fee reflects the specialized premium associated with screening emerging technology firms and rebalancing across niche quantum hardware markets.

Performance Dissection: AI Acceleration & Quantum Inflections

Over the past 52 weeks, CHPX has advanced from a low of $49.00 to a peak of $112.00. The rise was driven by the explosive commercial expansion of generative artificial intelligence hardware, coupled with major technical breakthroughs in quantum error correction and logical qubit scaling.

By holding established AI silicon designers, the fund benefited directly from record datacenter GPU shipments. Simultaneously, quantum computing constituents experienced valuation surges following successful commercial demonstrations of hybrid quantum-classical algorithms solving complex molecular simulation and cryptography problems.

Distribution Profile, Dividend Yield & Taxation

Because pure-play quantum firms reinvest all capital into research and development while chip designers prioritize capital expenditures, CHPX maintains a modest income profile. The fund pays semi-annual distributions with a 30-day SEC yield of approximately 0.34% as of October 2026.

From a taxation standpoint, CHPX provides standard Form 1099-DIV reporting. Distributions generally qualify as qualified dividend income (QDI) for US taxable accounts. The fund’s 1940 Act structure ensures clean mutual fund tax treatment, completely avoiding complex partnership K-1 forms.

Secondary Market Liquidity & Execution Dynamics

Trading on the Nasdaq exchange under the ticker CHPX, the fund maintains active secondary market liquidity supported by registered market makers and authorized participants. Secondary market bid-ask spreads typically range between four and seven cents per share during normal trading hours.

Because the portfolio holds both highly liquid mega-cap semiconductor stocks and smaller-cap quantum pure-plays, market makers utilize algorithmic pricing models to maintain tight spreads, ensuring institutional investors can execute block trades with minimal pricing distortion relative to indicative net asset value.

Primary Investment Risks: Commercialization Timelines & Volatility

Investing in CHPX involves acute technological and strategy risks. Quantum computing remains in an early commercialization stage; many pure-play quantum hardware firms operate at substantial net losses and face long horizons before achieving sustainable operating cash flows.

Furthermore, if commercial quantum advantage takes longer than anticipated to demonstrate real-world economic value, pure-play quantum stocks could suffer severe valuation contractions. The fund also remains sensitive to broader semiconductor cycle fluctuations and macroeconomic interest rate shifts.

A Silicon and Quantum Barbell

The Global X AI Semiconductor & Quantum ETF pairs established AI hardware leaders with next-generation quantum computing firms across roughly 35 to 45 international equities.

The quantum side of the barbell holds pure-play firms such as IonQ, Rigetti Computing, D-Wave Quantum and Quantum Computing Inc.