EDOC


Telemedicine & Digital Health ETF

Reasons to Consider EDOC

High Growth Potential

The global telemedicine market increased over 8% from 2022 to 2023, exceeding $94bn. Forecasts suggest the market could reach over $286bn by 2028.1

Leveraging Artificial Intelligence

AI could be the missing link to achieve transformative digitization in the Health Care sector. In the U.S. alone, it's estimated that AI could save as much as 10% of annual health care spending.2

Expanding Use Cases

Following success in diabetic monitoring, wearables are expanding into cardiovascular care. The potential market could be enormous, as an estimated 33mm people have atrial fibrillation3 and some 1.28bn adults have hypertension.4

1Fortune Business Insights, Jul 2023
2National Bureau of Economic Research, Jan 2023
3Frontiers in Public Health, Jun 2023
4World Health Organization, Mar 2023

Key Information As of 02/28/24

Inception Date 07/29/20
Total Expense Ratio 0.68%
Net Assets $64.16 million
NAV $9.58
Fact Sheet View the document

ETF Summary

The Global X Telemedicine & Digital Health ETF (EDOC) seeks to invest in companies positioned to benefit from further advances in the field of telemedicine and digital health. This includes companies involved in Telemedicine, Health Care Analytics, Connected Health Care Devices, and Administrative Digitization.

ETF Objective

The Global X Telemedicine & Digital Health ETF (EDOC) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Telemedicine & Digital Health Index.

Trading Details As of 02/27/24

Ticker EDOC
Bloomberg Index Ticker SOLEDOC
CUSIP 37954Y285
ISIN US37954Y2853
Primary Exchange Nasdaq
Shares Outstanding 6,700,000
Number of Holdings 38
30-Day Median Bid-Ask Spread 0.95%

Distributions As of 02/28/24

30-Day SEC Yield 0.04%
Distribution Frequency Semi-Annually

ETF Prices As of 02/28/24

NAV $9.58 Daily Change -$0.07 -0.73%
Market Price $9.57 Daily Change -$0.05 -0.52%

Performance History

As of recent
(12/31/23)
As of recent
(12/31/23)
Fund NAV Market Price Index
1 Year -13.01% -12.61% -12.87%
3 Years -19.23% -19.33% -18.88%
Since Inception -11.14% -11.24% -10.75%
1 Year -25.04% -25.22% -24.85%
3 Years -22.96% -23.03% -22.61%
Since Inception -12.92% -13.00% -12.52%
Year-to-Date -13.01% -12.61% -12.87%
1 Month 13.52% 13.45% 13.54%
3 Months 10.55% 10.24% 10.68%
Since Inception -33.27% -33.53% -32.25%
Year-to-Date -7.78% -7.71% -7.68%
1 Month -7.78% -7.71% -7.68%
3 Months 14.55% 14.46% 14.79%
Since Inception -38.46% -38.65% -37.45%

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 02/28/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
5.54 IRTC IRHYTHM TECHNOLOGIES INC BYT4ST5 118.28 30,048 3,554,077.44
5.53 MASI MASIMO CORP B1YWR63 128.70 27,564 3,547,486.80
4.79 DXCM DEXCOM INC B0796X4 114.22 26,913 3,074,002.86
4.68 A AGILENT TECHNOLOGIES INC 2520153 137.01 21,899 3,000,381.99
4.62 TWST TWIST BIOSCIENCE CORP BGKG6G7 40.25 73,671 2,965,257.75
4.54 DOCS DOXIMITY INC-CLASS A BMD22Y4 27.94 104,187 2,910,984.78
4.53 RMD AU RESMED INC-CDI 6221667 18.14 160,388 2,909,081.77
4.42 RCM R1 RCM INC BP2S437 14.39 197,092 2,836,153.88
4.36 ILMN ILLUMINA INC 2613990 140.98 19,861 2,800,003.78
4.21 OSCR OSCAR HEALTH -A BKY83Q6 15.98 169,151 2,703,032.98
3.85 LH LABORATORY CP 2586122 214.80 11,491 2,468,266.80
3.74 HIMS HIMS & HERS HEALTH INC BN46048 13.33 179,766 2,396,280.78
3.57 TNDM TANDEM DIABETES CARE INC BF3W461 26.58 86,046 2,287,102.68
3.55 VCYT VERACYTE INC BFTWZY0 23.77 95,794 2,277,023.38
3.51 PRVA PRIVIA HEALTH GROUP INC BMDP209 21.88 102,850 2,250,358.00
3.09 6618 HK JD HEALTH BMW8R04 3.78 525,150 1,982,495.59
3.06 TDOC TELADOC HEALTH INC BYQRFY1 15.09 130,184 1,964,476.56
2.80 PACB PACIFIC BIOSCIEN B4N8MH9 5.57 322,648 1,797,149.36
2.75 241 HK ALIBABA HEALTH BRXVS60 0.44 4,047,100 1,763,070.55
2.72 PHR PHREESIA INC BKF9DQ8 25.27 68,951 1,742,391.77
2.68 AMN AMN HEALTHCARE 2813552 55.87 30,775 1,719,399.25
2.41 OMCL OMNICELL INC 2789523 26.15 59,077 1,544,863.55
1.74 COP GR COMPUGROUP MEDIC BMY7CH1 31.33 35,578 1,114,775.79
1.68 1833 HK PING AN HEALTHCA BDRYVB3 1.55 695,400 1,078,511.42
1.67 4483 JP JMDC INC BK7C5Q9 25.79 41,450 1,069,127.74
1.50 MDRX VERADIGM INC 2710039 6.81 141,006 960,250.86
1.41 4480 JP MEDLEY INC BK93ZN7 33.55 26,925 903,361.73
1.28 LFST LIFESTANCE HEALT BN0TRB7 8.71 94,007 818,800.97
0.99 GDRX GOODRX HOLDIN-A BMTVQT8 6.47 98,474 637,126.78
0.85 DH DEFINITIVE HEALT BMGSDK2 9.20 59,527 547,648.40
0.74 DCGO DOCGO INC BKP4P23 3.94 120,018 472,870.92
0.67 SENS SENSEONICS HOLDINGS INC BYQNYR5 0.70 611,366 428,139.61
0.57 SHCR SHARECARE INC BJL95B4 0.97 377,013 365,891.12
0.57 228760 KS GENOMICTREE INC BYNNYF6 16.35 22,277 364,169.77
0.48 AMWL AMERICAN WELL -A BN0SDK5 1.05 296,006 310,806.30
0.36 ME 23ANDME HOLDIN-A BM9CKX3 0.61 380,465 233,795.74
0.31 EHTH EHEALTH INC B1G0F83 6.48 31,104 201,553.92
0.25 CPSI COMPUTER PROGRAM 2872122 8.90 18,144 161,481.60
0.01 CASH 1.00 7,207 7,206.99
0.00 HONG KONG DOLLAR 0.13 4 0.51
0.00 TAIWAN DOLLAR 0.03 1 0.03
-0.01 OTHER PAYABLE & RECEIVABLES 1.00 -6,204 -6,204.43
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 01/31/24

Sector Weight (%)
Health Care 91.9
Financials 4.6
Consumer Discretionary 2.7
Information Technology 0.8

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Medical Specialties 28.0
Biotechnology 13.9
Medical/Nursing Services 9.8
Information Technology Services 8.7
Internet Software/Services 7.7
Services to the Health Industry 7.4
Miscellaneous Commercial Services 5.4
Data Processing Services 4.9
Hospital/Nursing Management 4.7
Packaged Software 4.3
Managed Health Care 4.2
Other 1.0

Source: new windowAltaVista Research, LLC

Country Weight (%)
United States 87.1
China 4.4
Japan 3.2
Germany 2.5
Hong Kong 2.4
South Korea 0.5

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 02/27/24

Return on Equity 0.80%
Weighted Avg. Market Cap 9,694 M
2023 2024
Price-to-earnings -68.58 328.29
Price-to-book value 2.71 2.71

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 01/31/24

Versus Beta
S&P 500 1.03
NASDAQ-100 0.78
MSCI EAFE 1.03
MSCI Emg. Mkts 0.85
Standard Deviation 22.70%

Source: new windowAltaVista Research, LLC

ETF Research

View More Related Research

Investing involves risk, including the possible loss of principal. The investable universe of companies in which EDOC may invest may be limited. The Fund invests in securities of companies engaged in the Health Care and Information Technology sectors. These sectors can be affected by government regulations, rapid product obsolescence, intense industry competition and loss or impairment of patents or intellectual property rights. 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. EDOC 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.

Since the Fund’s shares did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.

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 Solactive AG, nor does Solactive AG 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 Solactive AG.