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TOYOF - DRIV: This Autonomous/EV Fund's Top-10 Holdings Will Surprise You
Toyota Motor Corp
The Global X Autonomous & EV ETF is avoiding the arguably sky-high valuations of most EV makers. Instead, it is more heavily invested in the software and hardware technology enablers.
As a result, the #1 and #2 holdings are Alphabet and Nvidia. The rest of the top-10 holdings will also likely surprise you.
I like DRIV's strategy. It will likely outperform many other EV-related ETFs due to a focus on highly profitable technology enablers, with a slice of Toyota "on the side".