ETF Evaluator:
Pictet AI & Automation ETF (PBOT)
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(as of Aug 05)
Best Performing in Technology Over the Last Year
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ETF Details
Pictet AI & Automation ETF Overview
Pictet AI & Automation ETF (PBOT) is an actively managed Sector Equity Technology exchange-traded fund (ETF). Pictet Asset Management Ltd launched the ETF in 2025.
The investment seeks long-term capital appreciation.
The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets (plus borrowings for investment purposes) in global equity securities of artificial intelligence (“AI”) and automation companies. The fund is non-diversified.
About Pictet AI & Automation ETF (PBOT)
There are 5 members of the management team with an average tenure of 0.65 years: Gertjan Van Der Geer (2025), Yuko Takano (2025), John Gladwyn (2025), Savironi Chet (2026) and Peter Lingen (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: MSCI ACWI NR USD index with a weighting of 100%. Pictet AI & Automation ETF has 50 securities in its portfolio. The top 10 holdings constitute 48.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Pictet AI & Automation ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Pictet AI & Automation ETF has 22.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 77.6% There is 22.1% 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). Pictet AI & Automation ETF has 0.3% of the portfolio in cash.
Assets Under Management
The fund has $13 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.
PBOT 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 Pictet AI & Automation ETF expense ratio is above average compared to funds in the Technology category. Pictet AI & Automation ETF has an expense ratio of 0.70%, which is 30% 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. Pictet AI & Automation 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 39% for the Technology category.
Recently, in the month of July 2026, Pictet AI & Automation ETF returned -7.3%, which earned it a grade of C, as the Technology category had an average return of -9.8%. 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.
Pictet AI & Automation 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.
Pictet AI & Automation ETF Grades
Year to date, the ETF has returned 24.4%, 3.0 percentage points better than the category, which translates into a grade of B.
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PBOT Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PBOT Return (NAV) | -7.3% | 16.0% | na | na | na | na |
| PBOT Return (Price) | -5.1% | 15.1% | na | na | na | na |
| NAV +/- Price Return | -2.259% | 0.882% | na | na | na | na |
| Technology Avg | -9.8% | 7.3% | 33.6% | 22.3% | 10.5% | 19.0% |
| PBOT Grade (NAV) | C | A | na | na | na | na |
| +/- Category (NAV) | 2.5% | 8.7% | na | na | na | na |
| PBOT Tax-Cost Ratio | na | na | na | na | na | na |
PBOT Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PBOT Return (NAV) | 24.4% | na | na | na | na | na | na | na | na | na | na |
| PBOT Return (Price) | 20.4% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.162% | na | na | na | na | na | na | na | na | na | na |
| Technology Avg | 21.3% | 23.2% | 19.9% | 43.8% | -35.8% | 16.7% | 53.3% | 37.8% | -3.2% | 33.7% | 15.0% |
| PBOT Grade (NAV) | B | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 3.0% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 13 Mil |
| Share Class Assets: | $ 13 Mil |
| Turnover: | na |
| Expense Ratio: | 0.70% |
| Index Fund: | No |
| Index Tracked: | MSCI ACWI NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 0.8 years | |||
| Average Tenure: 0.6 years | |||
| Managers (Year): Van Der Geer Gertjan (2025), Takano Yuko (2025), Gladwyn John (2025), Lingen Peter (2025), Chet Savironi (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 50 |
| % in Top 10 Holdings: | 48.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 22.1% |
Portfolio Allocation |
|
| Domestic Stock: | 77.6% |
| Foreign Stock: | 22.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Pictet Asset Management Ltd |
| Phone Number: | 855-994-4778 |
| Website: | |
| Inception Date: | October 15, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.70% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.54% |
