Index Performance
Overview
Description
The surge in AI and Machine Learning (ML) technologies has been driven by a confluence of technological advancements, increasing data availability, and growing demand for automation across industries. Small to mid-cap companies in this space are seeing increased market attention due to their agility and innovative edge, which allows them to capture niche markets more effectively than larger corporations. These firms often focus on developing specialized AI solutions that tackle specific industry needs, such as enhancing data processing, enabling smarter decision-making, or streamlining operations. With market caps ranging between $500 million and $10 billion and price-to-earnings ratios between 20 and 50, these companies present potential investment opportunities that balance growth prospects with reasonable valuation metrics. Investors are keen on these entities as they seek to align with the ongoing AI revolution while managing risk and valuation concerns. - [[AI-Powered Health Tech Solutions]]: Companies developing AI applications for healthcare diagnostics and treatment planning to improve patient outcomes. - [[Autonomous Systems for Manufacturing]]: Companies focusing on implementing AI in manufacturing processes to enhance efficiency and reduce operational costs. - [[AI-driven Financial Services Platforms]]: Firms creating platforms that leverage AI for financial analysis, risk management, and personalized investment advice. - [[AI in Cybersecurity]]: Companies using machine learning algorithms to detect and prevent cyber threats, offering security solutions for businesses and individuals. - [[Natural Language Processing Tools]]: Developers of advanced NLP tools and platforms for business use cases like chatbots, sentiment analysis, and language translation. This index was generated with help from Thematic Analyst.
- Inception Date10/08/2024
- WeightingEqual
- # of holdings51
What's inside?
Holdings
All holdings as of January 15, 2025
| Option Care Health, Inc. (OPCH) | 2.45% | $4.89B | 16.97% | 18.93% | 1.28 |
| Getty Images Holdings, Inc. (GETY) | 2.39% | $1.15B | 4.90% | 66.92% | 3.15 |
| Liquidity Services, Inc. (LQDT) | 2.25% | $1.10B | 15.54% | 47.63% | 1.60 |
| Synaptics, Inc. (SYNA) | 2.14% | $3.28B | 8.41% | 45.44% | 3.36 |
| ICF International, Inc. (ICFI) | 2.11% | $2.42B | 3.09% | 34.59% | 1.88 |
| ePlus, Inc. (PLUS) | 2.10% | $2.13B | -13.78% | 25.51% | 1.18 |
| GXO Logistics, Inc. (GXO) | 2.09% | $5.37B | 27.76% | 11.88% | 1.02 |
| Insight Enterprises, Inc. (NSIT) | 2.08% | $5.23B | -7.87% | 20.69% | 1.04 |
| ASGN Incorporated (ASGN) | 2.08% | $3.94B | -7.68% | 27.78% | 1.23 |
| Plexus Corp. (PLXS) | 2.05% | $4.53B | -5.93% | 9.66% | 0.95 |
| Pegasystems, Inc. (PEGA) | 2.05% | $8.58B | -2.87% | 70.14% | 4.15 |
| ExlService Holdings, Inc. (EXLS) | 2.03% | $7.46B | 14.87% | 34.95% | 3.57 |
| Upwork, Inc. (UPWK) | 2.02% | $2.28B | 10.27% | 77.60% | 1.61 |
| Kanzhun Ltd. (BZ) | 2.01% | $6.29B | 20.29% | 83.57% | 5.92 |
| PC Connection, Inc. (CNXN) | 2.00% | $1.86B | 4.56% | 18.23% | 0.56 |
| PennyMac Financial Services, Inc. (PFSI) | 1.99% | $5.32B | 18.65% | 88.48% | 5.19 |
| Commvault Systems, Inc. (CVLT) | 1.99% | $7.06B | 16.06% | 80.76% | 7.41 |
| Hermès International SCA (RMS) | 1.98% | $254.78B | 15.73% | N/A | 14.34 |
| Nelnet, Inc. (NNI) | 1.98% | $3.89B | -3.39% | 83.47% | 5.77 |
| Cirrus Logic, Inc. (CRUS) | 1.98% | $5.42B | 12.64% | 52.15% | 3.39 |
| Bumble, Inc. (BMBL) | 1.97% | $847.07M | -0.69% | 64.22% | 1.53 |
| ACI Worldwide, Inc. (ACIW) | 1.97% | $5.61B | 24.44% | 49.34% | 3.87 |
| Kforce, Inc. (KFRC) | 1.96% | $1.07B | -5.31% | 27.46% | 0.84 |
| Paylocity Holding Corp. (PCTY) | 1.94% | $10.91B | 14.29% | 67.60% | 6.13 |
| Argan SA (ARG) | 1.94% | $1.56B | 11.55% | N/A | 17.87 |
| Box, Inc. (BOX) | 1.93% | $4.56B | 5.50% | 79.86% | 4.92 |
| Lattice Semiconductor Corp. (LSCC) | 1.93% | $7.90B | -33.86% | 61.10% | 12.93 |
| FTI Consulting, Inc. (FCN) | 1.93% | $6.94B | 3.67% | 32.06% | 2.15 |
| Robert Half, Inc. (RHI) | 1.92% | $7.25B | -6.32% | 38.10% | 1.12 |
| Diodes, Inc. (DIOD) | 1.92% | $2.80B | -13.49% | 32.61% | 2.17 |
| ZipRecruiter, Inc. (ZIP) | 1.91% | $681.96M | -24.77% | 89.42% | 1.99 |
| The Hackett Group, Inc. (HCKT) | 1.91% | $827.80M | 5.17% | 38.35% | 2.42 |
| Microsoft Corp. (MSFT) | 1.91% | $3.17T | 16.04% | 69.35% | 12.72 |
| Alarm.com Holdings, Inc. (ALRM) | 1.89% | $3.01B | 8.40% | 61.60% | 3.46 |
| Teradata Corp. (TDC) | 1.89% | $2.98B | 0.46% | 60.68% | 1.77 |
| Qualys, Inc. (QLYS) | 1.89% | $4.97B | 9.14% | 81.32% | 7.46 |
| Progress Software Corp. (PRGS) | 1.86% | $2.72B | 2.11% | 76.01% | 4.36 |
| Karooooo Ltd. (KARO) | 1.86% | $1.38B | 14.29% | 69.69% | 5.65 |
| NV5 Global, Inc. (NVEE) | 1.86% | $1.18B | 4.85% | 45.52% | 1.82 |
| Warner Music Group Corp. (WMG) | 1.85% | $15.33B | 6.44% | 42.70% | 3.10 |
| Vimeo, Inc. (VMEO) | 1.85% | $1.06B | -1.59% | 78.81% | 1.28 |
| Ziff Davis, Inc. (ZD) | 1.85% | $2.27B | 3.69% | 70.42% | 1.90 |
| Sprinklr, Inc. (CXM) | 1.85% | $2.19B | 7.71% | 71.18% | 1.93 |
| Adeia, Inc. (ADEA) | 1.85% | $1.41B | -15.09% | 83.59% | 5.21 |
| Etsy, Inc. (ETSY) | 1.83% | $5.99B | 4.10% | 71.98% | 3.07 |
| Verint Systems, Inc. (VRNT) | 1.82% | $1.56B | 2.58% | 69.35% | 2.22 |
| Sapiens International Corp. NV (SPNS) | 1.82% | $1.44B | 4.84% | 45.08% | 3.67 |
| PubMatic, Inc. (PUBM) | 1.82% | $687.84M | 12.73% | 64.47% | 2.15 |
| BlackLine, Inc. (BL) | 1.81% | $3.67B | 10.09% | 75.22% | 6.53 |
| Informatica, Inc. (California) (INFA) | 1.78% | $8.53B | 3.41% | 73.61% | 5.02 |
| Criteo SA (CRTO) | 1.70% | $2.07B | -1.41% | 50.54% | 1.13 |
