FINX


FinTech ETF

Reasons to Consider FINX

High Growth Potential

In 2020, the number of active online banking users was approaching 1.9bn worldwide. Forecasts suggest that number could reach 2.5bn by 2024, highlighting the vast reach in just one segment of this theme.1

Global Tailwinds

FinTech is a global theme, poised to benefit as expanding broadband and mobile internet penetration coincide with a rising middle class in developing markets, historically under-served by traditional financial services.

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.

1Statista, Mar 2021

Key Information As of 02/27/24

Inception Date 09/12/16
Total Expense Ratio 0.68%
Net Assets $379.37 million
NAV $26.55
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 02/27/24

Ticker FINX
Bloomberg Index Ticker IFINXNT
CUSIP 37954Y814
ISIN US37954Y8140
Primary Exchange Nasdaq
Shares Outstanding 14,290,000
Number of Holdings 60
30-Day Median Bid-Ask Spread 0.39%

Distributions As of 02/27/24

30-Day SEC Yield -0.51%
Distribution Frequency Semi-Annually

ETF Prices As of 02/27/24

NAV $26.55 Daily Change $0.34 1.30%
Market Price $26.49 Daily Change $0.33 1.26%

Performance History

As of recent
(12/31/23)
As of recent
(12/31/23)
Fund NAV Market Price Index
1 Year 33.88% 33.15% 34.29%
3 Years -16.60% -16.63% -16.32%
5 Years 4.10% 4.10% 4.57%
Since Inception 8.40% 8.38% 8.95%
1 Year 9.57% 8.82% 9.97%
3 Years -17.13% -17.22% -16.84%
5 Years 0.41% 0.37% 0.87%
Since Inception 7.49% 7.42% 8.05%
Year-to-Date 33.88% 33.15% 34.29%
1 Month 14.41% 14.57% 14.45%
3 Months 27.08% 26.98% 27.24%
Since Inception 80.18% 80.03% 87.08%
Year-to-Date -5.39% -5.71% -5.31%
1 Month -5.39% -5.71% -5.31%
3 Months 29.20% 28.88% 29.41%
Since Inception 70.47% 69.75% 77.14%

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 02/27/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
9.89 COIN COINBASE GLOBA-A BMC9P69 199.22 188,304 37,513,922.88
8.38 INTU INTUIT INC 2459020 669.36 47,505 31,797,946.80
6.46 FI FISERV INC 2342034 150.65 162,578 24,492,375.70
5.56 ADYEN NA ADYEN NV BZ1HM42 1,587.93 13,289 21,101,979.97
5.26 FIS FIDELITY NATIONA 2769796 66.98 297,840 19,949,323.20
5.00 SQ BLOCK INC BYNZGK1 77.71 243,840 18,948,806.40
4.52 GPN GLOBAL PAYMENTS INC 2712013 133.23 128,796 17,159,491.08
4.07 PYPL PAYPAL HOLDINGS INC BYW36M8 60.16 256,817 15,450,110.72
4.07 SSNC SS&C TECHNOLOGIE B58YSC6 64.00 241,217 15,437,888.00
3.55 JKHY JACK HENRY 2469193 175.19 76,891 13,470,534.29
3.32 XRO AU XERO LTD B8P4LP4 79.66 158,138 12,597,993.64
3.20 WISE LN WISE PLC - A BL9YR75 11.23 1,078,814 12,120,460.17
2.82 NEXI IM NEXI SPA BJ1F880 7.74 1,381,341 10,687,137.55
2.75 GWRE GUIDEWIRE SOFTWARE INC B7JYSG3 120.66 86,316 10,414,888.56
2.55 AFRM AFFIRM HOLDINGS INC BMF9NM8 39.30 246,311 9,680,022.30
2.36 SOFI SOFI TECHNOLOGIES INC BM8J4C2 9.15 977,388 8,943,100.20
2.17 TOST TOAST INC-CLASS A BP6D7B7 22.12 371,652 8,220,942.24
1.96 HQY HEALTHEQUITY INC BP8XZL1 83.42 89,210 7,441,898.20
1.91 BILL BILL HOLDINGS INC BKDS4H5 64.54 112,136 7,237,257.44
1.54 TEMN SW TEMENOS AG - REG 7147892 73.90 78,940 5,833,973.50
1.35 STNE STONECO LTD-A BGKG6M3 17.37 294,766 5,120,085.42
1.30 377300 KS KAKAOPAY CORP BP8ZCS3 34.86 141,048 4,917,260.00
1.13 FOUR SHIFT4 PAYMENT-A BLF0L75 76.83 55,677 4,277,663.91
0.98 MARA MARATHON DIGITAL BLR7B52 30.31 122,714 3,719,461.34
0.97 ACIW ACI WORLDWIDE INC 2889155 31.22 117,961 3,682,742.42
0.93 NCNO NCINO INC BMC8TD1 30.10 116,558 3,508,395.80
0.78 ENV ENVESTNET INC B474ZK7 50.91 58,046 2,955,121.86
0.78 RIOT RIOT PLATFORMS INC BD9F675 16.80 175,745 2,952,516.00
0.76 PAGS PAGSEGURO DIGI-A BFWK4R7 13.77 209,750 2,888,257.50
0.76 DLO DLOCAL LTD BKVF490 16.87 170,121 2,869,941.27
0.71 FLYW FLYWIRE CORP-VOTING BMBP1Q0 24.52 109,605 2,687,514.60
0.59 UPST UPSTART HOLDINGS INC BL53QN5 26.22 85,459 2,240,734.98
0.56 HUB AU HUB24 LTD BD4T5X1 25.32 84,028 2,127,750.71
0.54 PAYO PAYONEER GLOBAL INC BLSPX60 5.56 367,844 2,045,212.64
0.48 VIRT VIRTU FINANCIA-A BWTVWD4 17.51 104,786 1,834,802.86
0.48 LU LUFAX HOLDING LTD-ADR BR0V7R7 3.05 600,182 1,830,555.10
0.46 NVEI CN NUVEI CORP-SUB V BMFNHJ5 25.72 68,416 1,759,550.52
0.46 SPNS SAPIENS INTL BFYZGX0 30.18 57,833 1,745,399.94
0.42 MLNK MERIDIANLINK INC BMV7CG3 18.87 84,975 1,603,478.25
0.42 LMND LEMONADE INC BMGNTQ5 21.72 72,593 1,576,719.96
0.41 HYQ GR HYPOPORT SE B28XLF6 213.92 7,212 1,542,807.68
0.34 VERX VERTEX INC - CLASS A BMX6DM1 25.40 51,167 1,299,641.80
0.30 GLXY CN GALAXY DIGITAL HOLDINGS BD5H1G9 10.47 108,218 1,133,449.37
0.28 LPRO OPEN LENDING CORP BMTD3M6 8.02 132,286 1,060,933.72
0.26 IRE AU IRESS LTD 6297497 5.07 193,023 979,311.86
0.24 LC LENDINGCLUB CORP BK95GR4 8.30 111,296 923,756.80
0.24 PSFE PAYSAFE LTD BPCPXY2 14.33 63,366 908,034.78
0.22 9923 HK YEAHKA LTD BL58D39 1.73 471,314 814,360.24
0.21 PGY PAGAYA TECHNOL-A BQ5J6B6 1.50 529,608 794,412.00
0.19 7342 JP WEALTHNAVI INC BMC6VV7 14.29 50,766 725,252.68
0.17 LEON SW LEONTEQ AG B7Y4738 33.04 19,821 654,876.37
0.15 IIIV I3 VERTICALS INC-CLASS A BF2G4D1 22.97 24,111 553,829.67
0.14 MITK MITEK SYSTEMS INC 2597072 11.70 46,594 545,149.80
0.14 BLND BLEND LABS INC-A BP8K987 2.47 219,135 541,263.45
0.11 TREE LENDINGTREE INC BV8TD84 32.62 13,190 430,257.80
0.11 ZIP AU ZIP CO LTD BPP1Y77 0.52 786,650 411,985.36
0.10 HUT CN HUT 8 CORP BQQ8805 9.29 39,617 368,053.20
0.09 9959 HK LINKLOGIS INC-CLASS B BKSCMF6 0.16 2,100,000 338,157.77
0.08 PAY PAYMENTUS HOLDINGS INC-A BMBP1P9 15.19 19,811 300,929.09
0.02 OTHER PAYABLE & RECEIVABLES 1.00 81,772 81,771.73
0.02 BKKT BAKKT HOLDINGS INC BMQ7FW5 0.96 70,956 67,833.94
0.01 CASH 1.00 54,794 54,794.20
0.00 AUSTRALIAN DOLLAR 0.65 540 353.51
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 01/31/24

Sector Weight (%)
Information Technology 52.4
Financials 38.6
Industrials 4.7
Communication Services 2.4
Health Care 2.0

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Packaged Software 36.4
Data Processing Services 22.7
Information Technology Services 19.1
Miscellaneous Commercial Services 7.6
Internet Software/Services 6.2
Finance/Rental/Leasing 2.8
Investment Managers 2.4
Investment Banks/Brokers 1.3
Financial Conglomerates 1.2
Property/Casualty Insurance 0.3

Source: new windowAltaVista Research, LLC

Country Weight (%)
United States 74.7
Netherlands 4.9
Britain 3.5
New Zealand 3.3
Italy 3.0
Switzerland 2.5
Brazil 2.3
South Korea 1.5
Australia 1.0
Uruguay 0.8
China 0.7
Other 1.8

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 11.00%
Weighted Avg. Market Cap 38,670 M
2023 2024
Price-to-earnings 36.35 27.66
Price-to-book value 3.18 2.90

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 01/31/24

Versus Beta
S&P 500 1.53
NASDAQ-100 1.21
MSCI EAFE 1.45
MSCI Emg. Mkts 1.17
Standard Deviation 32.90%

Source: new windowAltaVista Research, LLC

ETF Research

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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.