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FINX

FinTech ETF

 

Reasons to Consider FINX

High Growth Potential

FinTech platforms are helping banks digitize their operations. Global FinTech revenues are forecast to grow 6x from 2021 to 2030, to roughly $1.5tn.1

Global Tailwinds

Traditional financial services are being disrupted on a global scale, and e-wallets continue to gain share, especially in emerging markets. In 2022, digital wallets accounted for 35% of transaction value in India and 29% in Vietnam, and those numbers may continue to grow.2

Changing Consumer Preferences

While FinTech companies have historically catered to the digital preferences of younger consumers, they are increasingly competing on cost and convenience across a range of more established industries like lending and insurance.

1Boston Consulting Group, May 2023
2WorldPay from FIS, May 2023

Key Information As of 04/24/24

Inception Date 09/12/16
Total Expense Ratio 0.68%
Net Assets $324.78 million
NAV $25.88
Fact Sheet View the document

ETF Summary

The Global X FinTech ETF (FINX) seeks to invest in companies on the leading edge of the emerging financial technology sector, which encompasses a range of innovations helping to transform established industries like insurance, investing, fundraising, and third-party lending through unique mobile and digital solutions.

ETF Objective

The Global X FinTech ETF (FINX) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global FinTech Thematic Index.

Trading Details As of 04/24/24

Ticker FINX
Bloomberg Index Ticker IFINXNT
CUSIP 37954Y814
ISIN US37954Y8140
Primary Exchange Nasdaq
Shares Outstanding 12,550,000
Number of Holdings 64
30-Day Median Bid-Ask Spread 0.27%

Distributions As of 04/24/24

30-Day SEC Yield -0.22%
Distribution Frequency Semi-Annually

ETF Prices As of 04/24/24

NAV $25.88 Daily Change -$0.21 -0.80%
Market Price $25.84 Daily Change -$0.20 -0.77%

Performance History

As of recent month & quarter-end (03/31/24)
As of recent month & quarter-end (03/31/24)
Fund NAV Market Price Index
1 Year 34.19% 34.14% 34.86%
3 Years -12.48% -12.57% -12.19%
5 Years 1.29% 1.27% 1.75%
Since Inception 9.34% 9.33% 9.91%
1 Year 34.19% 34.14% 34.86%
3 Years -12.48% -12.57% -12.19%
5 Years 1.29% 1.27% 1.75%
Since Inception 9.34% 9.33% 9.91%
Year-to-Date 8.91% 8.96% 9.10%
1 Month 4.97% 5.13% 5.02%
3 Months 8.91% 8.96% 9.10%
Since Inception 96.24% 96.15% 104.11%
Year-to-Date 8.91% 8.96% 9.10%
1 Month 4.97% 5.13% 5.02%
3 Months 8.91% 8.96% 9.10%
Since Inception 96.24% 96.15% 104.11%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 04/24/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
6.71 PYPL PAYPAL HOLDINGS INC BYW36M8 64.84 334,649 21,698,641.16
6.39 FIS FIDELITY NATIONA 2769796 70.81 291,826 20,664,199.06
6.37 FI FISERV INC 2342034 152.25 135,268 20,594,553.00
5.99 ADYEN NA ADYEN NV BZ1HM42 1,516.06 12,781 19,376,825.50
5.98 INTU INTUIT INC 2459020 635.49 30,457 19,355,118.93
5.81 SQ BLOCK INC BYNZGK1 74.03 254,062 18,808,209.86
5.16 COIN COINBASE GLOBA-A BMC9P69 224.37 74,445 16,703,224.65
4.60 GPN GLOBAL PAYMENTS INC 2712013 127.47 116,770 14,884,671.90
4.43 SSNC SS&C TECHNOLOGIE B58YSC6 61.54 232,791 14,325,958.14
3.50 JKHY JACK HENRY 2469193 165.20 68,492 11,314,878.40
3.42 XRO AU XERO LTD B8P4LP4 77.80 142,057 11,051,850.11
2.94 WISE LN WISE PLC - A BL9YR75 9.86 962,893 9,493,884.58
2.88 TOST TOAST INC-CLASS A BP6D7B7 23.07 403,416 9,306,807.12
2.70 GWRE GUIDEWIRE SOFTWARE INC B7JYSG3 113.51 76,972 8,737,091.72
2.42 AFRM AFFIRM HOLDINGS INC BMF9NM8 32.08 244,051 7,829,156.08
2.27 NEXI IM NEXI SPA BJ1F880 5.96 1,234,354 7,351,397.52
2.16 SOFI SOFI TECHNOLOGIES INC BM8J4C2 7.60 918,171 6,978,099.60
1.98 HQY HEALTHEQUITY INC BP8XZL1 79.20 80,699 6,391,360.80
1.88 BILL BILL HOLDINGS INC BKDS4H5 61.41 98,811 6,067,983.51
1.41 TEMN SW TEMENOS AG - REG 7147892 64.45 70,677 4,555,315.75
1.29 STNE STONECO LTD-A BGKG6M3 15.83 264,152 4,181,526.16
1.23 MARA MARATHON DIGITAL BLR7B52 19.09 209,151 3,992,692.59
1.05 ACIW ACI WORLDWIDE INC 2889155 33.33 102,009 3,399,959.97
1.01 FOUR SHIFT4 PAYMENT-A BLF0L75 60.99 53,401 3,256,926.99
0.99 NCNO NCINO INC BMC8TD1 30.17 105,948 3,196,451.16
0.99 ENV ENVESTNET INC B474ZK7 62.29 51,284 3,194,480.36
0.97 377300 KS KAKAOPAY CORP BP8ZCS3 24.91 125,375 3,122,471.15
0.75 LU LUFAX HOLDING LTD-ADR BR0V7R7 4.55 536,341 2,440,351.55
0.75 AMK ASSETMARK FINANC BKF9D68 34.90 69,493 2,425,305.70
0.73 FLYW FLYWIRE CORP-VOTING BMBP1Q0 21.13 111,920 2,364,869.60
0.71 RIOT RIOT PLATFORMS INC BD9F675 11.88 193,301 2,296,415.88
0.69 PAGS PAGSEGURO DIGI-A BFWK4R7 11.69 190,812 2,230,592.28
0.68 DLO DLOCAL LTD BKVF490 14.42 151,735 2,188,018.70
0.62 HUB AU HUB24 LTD BD4T5X1 26.26 75,700 1,987,862.34
0.59 NVEI CN NUVEI CORP-SUB V BMFNHJ5 32.11 58,955 1,893,162.86
0.58 UPST UPSTART HOLDINGS INC BL53QN5 23.12 80,868 1,869,668.16
0.57 VIRT VIRTU FINANCIA-A BWTVWD4 21.84 83,621 1,826,282.64
0.54 HYQ GR HYPOPORT SE B28XLF6 270.21 6,451 1,743,103.53
0.52 PAYO PAYONEER GLOBAL INC BLSPX60 4.96 338,159 1,677,268.64
0.51 VERX VERTEX INC - CLASS A BMX6DM1 28.91 56,455 1,632,114.05
0.50 SPNS SAPIENS INTL BFYZGX0 31.12 51,676 1,608,157.12
0.39 MLNK MERIDIANLINK INC BMV7CG3 17.65 71,303 1,258,497.95
0.35 LMND LEMONADE INC BMGNTQ5 17.41 65,373 1,138,143.93
0.34 CIFR CIPHER MINING INC BMZ8604 4.64 237,239 1,100,788.96
0.30 IRE AU IRESS LTD 6297497 5.57 173,631 967,372.71
0.28 GLXY CN GALAXY DIGITAL HOLDINGS BD5H1G9 8.95 99,600 891,094.83
0.26 LC LENDINGCLUB CORP BK95GR4 8.19 102,873 842,529.87
0.26 PSFE PAYSAFE LTD BPCPXY2 14.61 56,949 832,024.89
0.23 863 HK OSL GROUP LTD BKPSJS9 1.29 578,500 747,538.18
0.23 HUT CN HUT 8 CORP BQQ8805 8.98 82,461 740,161.81
0.23 ZIP AU ZIP CO LTD BPP1Y77 0.75 984,052 734,844.03
0.21 ML MONEYLION INC BP5HQH9 70.15 9,524 668,108.60
0.18 BITF BITFARMS LTD/CANADA BK9Z566 2.06 280,768 578,382.08
0.17 BLND BLEND LABS INC-A BP8K987 2.47 221,804 547,855.88
0.17 LPRO OPEN LENDING CORP BMTD3M6 4.87 111,167 541,383.29
0.17 MITK MITEK SYSTEMS INC 2597072 12.66 42,185 534,062.10
0.16 IIIV I3 VERTICALS INC-CLASS A BF2G4D1 23.46 21,583 506,337.18
0.14 TREE LENDINGTREE INC BV8TD84 37.49 11,990 449,505.10
0.14 7342 JP WEALTHNAVI INC BMC6VV7 9.57 45,882 438,944.66
0.13 PGY PAGAYA TECHNOL-A BQ5J6B6 9.41 43,580 410,087.80
0.13 CTLP CANTALOUPE INC BMH10B0 6.08 67,348 409,475.84
0.12 9959 HK LINKLOGIS INC-CLASS B BKSCMF6 0.21 1,831,500 388,208.03
0.12 PAY PAYMENTUS HOLDINGS INC-A BMBP1P9 20.62 18,802 387,697.24
0.07 CASH 1.00 233,137 233,137.14
0.03 OTHER PAYABLE & RECEIVABLES 1.00 93,821 93,821.32
0.01 BKKT BAKKT HOLDINGS INC BMQ7FW5 0.36 75,350 27,133.54
0.00 AUSTRALIAN DOLLAR 0.65 540 350.65
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 03/31/24

Sector Weight (%)
Information Technology 50.7
Financials 39.3
Industrials 4.4
Communication Services 3.7
Health Care 2.0

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Packaged Software 32.2
Data Processing Services 25.9
Information Technology Services 19.4
Miscellaneous Commercial Services 7.2
Internet Software/Services 6.8
Finance/Rental/Leasing 2.7
Investment Managers 2.2
Financial Conglomerates 1.7
Investment Banks/Brokers 1.5
Property/Casualty Insurance 0.3
Advertising/Marketing Services 0.2

Source: new windowAltaVista Research, LLC

Country Weight (%)
United States 74.6
Netherlands 6.4
New Zealand 3.6
Britain 3.6
Italy 2.3
Brazil 2.0
Switzerland 1.5
Australia 1.1
South Korea 1.0
China 1.0
Canada 1.0
Other 1.9

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 04/24/24

Return on Equity 11.20%
Weighted Avg. Market Cap 38,946 M
2023 2024
Price-to-earnings 32.14 25.05
Price-to-book value 2.94 2.67

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 03/31/24

Versus Beta
S&P 500 1.58
NASDAQ-100 1.23
MSCI EAFE 1.48
MSCI Emg. Mkts 1.19
Standard Deviation 33.30%

Source: new windowAltaVista Research, LLC

ETF Documents

Investing involves risk, including the possible loss of principal. The investable universe of companies in which FINX may invest may be limited. The Fund invests in securities of companies engaged in Information Technology which can be affected by rapid product obsolescence, and intense industry competition. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. FINX is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Beginning October 15, 2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Indxx, nor does Indxx make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Indxx.