ETF Evaluator: Global X LLM ETF (LLMA) Follow This ETF

Global X LLM ETF Overview

Global X LLM ETF (LLMA) is an actively managed Sector Equity Technology exchange-traded fund (ETF). Global X Funds launched the ETF in 2026.

The investment seeks to achieve capital appreciation. The fund is an actively managed exchange-traded fund (“ETF”) that seeks capital appreciation by gaining economic exposure to LLM Companies. Under normal circumstances, it invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in LLM Companies and/or derivative instruments that provide economic exposure to LLM Companies. LLM Companies include those that are involved in researching, developing, training, and deploying the company’s own LLM, together with products and services delivered directly on top of those models.

About Global X LLM ETF (LLMA)

There are 2 members of the management team with an average tenure of 0.00 years: Wayne Xie (2026) and Sandy Lu (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 0 primary benchmark: . Global X LLM ETF has securities in its portfolio. The top 10 holdings constitute 0.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Global X LLM ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Global X LLM ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Global X LLM ETF has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $25 million in total assets, which is below the $3 billion average for the Technology category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

LLMA Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Global X LLM ETF expense ratio is above average compared to funds in the Technology category. Global X LLM ETF has an expense ratio of 0.75%, which is 36% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Global X LLM ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 42% for the Technology category.

Recently, in the month of September 2026, Global X LLM ETF returned 0.0%, which earned it a grade of NA, as the Technology category had an average return of 3.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Global X LLM ETF has a trailing yield of 0.00%, which is below the 0.45% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

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