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 03/28/24

Inception Date 09/12/16
Total Expense Ratio 0.68%
Net Assets $358.42 million
NAV $27.87
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 03/27/24

Ticker FINX
Bloomberg Index Ticker IFINXNT
CUSIP 37954Y814
ISIN US37954Y8140
Primary Exchange Nasdaq
Shares Outstanding 12,860,000
Number of Holdings 64
30-Day Median Bid-Ask Spread 0.22%

Distributions As of 03/28/24

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

ETF Prices As of 03/28/24

NAV $27.87 Daily Change $0.23 0.83%
Market Price $27.86 Daily Change $0.22 0.80%

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 27.04% 26.86% 27.59%
3 Years -15.73% -15.84% -15.45%
5 Years 0.84% 0.78% 1.31%
Since Inception 8.74% 8.71% 9.31%
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 3.75% 3.64% 3.89%
1 Month 9.67% 9.91% 9.72%
3 Months 18.70% 18.74% 18.91%
Since Inception 86.94% 86.58% 94.36%

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 03/28/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
6.43 PYPL PAYPAL HOLDINGS INC BYW36M8 66.99 344,261 23,062,044.39
6.22 ADYEN NA ADYEN NV BZ1HM42 1,693.43 13,166 22,295,732.94
6.21 FIS FIDELITY NATIONA 2769796 74.18 300,214 22,269,874.52
6.21 FI FISERV INC 2342034 159.82 139,156 22,239,911.92
6.17 SQ BLOCK INC BYNZGK1 84.58 261,370 22,106,674.60
5.69 INTU INTUIT INC 2459020 650.00 31,365 20,387,250.00
5.66 COIN COINBASE GLOBA-A BMC9P69 265.12 76,569 20,299,973.28
4.48 GPN GLOBAL PAYMENTS INC 2712013 133.66 120,118 16,054,971.88
4.30 SSNC SS&C TECHNOLOGIE B58YSC6 64.37 239,487 15,415,778.19
3.55 XRO AU XERO LTD B8P4LP4 86.98 146,125 12,709,671.84
3.42 JKHY JACK HENRY 2469193 173.73 70,472 12,243,100.56
3.24 WISE LN WISE PLC - A BL9YR75 11.73 990,577 11,619,987.14
2.89 TOST TOAST INC-CLASS A BP6D7B7 24.92 415,008 10,341,999.36
2.61 AFRM AFFIRM HOLDINGS INC BMF9NM8 37.26 251,071 9,354,905.46
2.58 GWRE GUIDEWIRE SOFTWARE INC B7JYSG3 116.71 79,204 9,243,898.84
2.25 NEXI IM NEXI SPA BJ1F880 6.34 1,269,850 8,055,791.37
1.95 BILL BILL HOLDINGS INC BKDS4H5 68.72 101,655 6,985,731.60
1.92 SOFI SOFI TECHNOLOGIES INC BM8J4C2 7.30 944,559 6,895,280.70
1.89 HQY HEALTHEQUITY INC BP8XZL1 81.63 83,003 6,775,534.89
1.45 TEMN SW TEMENOS AG - REG 7147892 71.59 72,693 5,204,002.04
1.36 MARA MARATHON DIGITAL BLR7B52 22.58 215,163 4,858,380.54
1.26 STNE STONECO LTD-A BGKG6M3 16.61 271,748 4,513,734.28
1.14 NCNO NCINO INC BMC8TD1 37.38 109,008 4,074,719.04
1.04 377300 KS KAKAOPAY CORP BP8ZCS3 28.90 128,975 3,726,742.80
1.01 FOUR SHIFT4 PAYMENT-A BLF0L75 66.07 54,949 3,630,480.43
0.98 ACIW ACI WORLDWIDE INC 2889155 33.21 106,196 3,526,769.16
0.85 ENV ENVESTNET INC B474ZK7 57.91 52,760 3,055,331.60
0.80 FLYW FLYWIRE CORP-VOTING BMBP1Q0 24.81 115,160 2,857,119.60
0.78 PAGS PAGSEGURO DIGI-A BFWK4R7 14.28 196,320 2,803,449.60
0.71 AMK ASSETMARK FINANC BKF9D68 35.41 71,509 2,532,133.69
0.68 RIOT RIOT PLATFORMS INC BD9F675 12.24 198,881 2,434,303.44
0.65 LU LUFAX HOLDING LTD-ADR BR0V7R7 4.22 551,821 2,328,684.62
0.64 DLO DLOCAL LTD BKVF490 14.70 156,127 2,295,066.90
0.62 UPST UPSTART HOLDINGS INC BL53QN5 26.89 83,208 2,237,463.12
0.60 HUB AU HUB24 LTD BD4T5X1 27.67 77,896 2,155,759.60
0.54 NVEI CN NUVEI CORP-SUB V BMFNHJ5 31.64 61,656 1,950,940.27
0.52 VERX VERTEX INC - CLASS A BMX6DM1 31.76 58,075 1,844,462.00
0.49 VIRT VIRTU FINANCIA-A BWTVWD4 20.52 86,033 1,765,397.16
0.48 SPNS SAPIENS INTL BFYZGX0 32.16 53,152 1,709,368.32
0.47 PAYO PAYONEER GLOBAL INC BLSPX60 4.86 347,951 1,691,041.86
0.47 HYQ GR HYPOPORT SE B28XLF6 254.66 6,631 1,688,669.55
0.40 MLNK MERIDIANLINK INC BMV7CG3 18.70 76,707 1,434,420.90
0.35 CIFR CIPHER MINING INC BMZ8604 5.15 244,115 1,257,192.25
0.31 LMND LEMONADE INC BMGNTQ5 16.41 67,245 1,103,490.45
0.31 GLXY CN GALAXY DIGITAL HOLDINGS BD5H1G9 10.69 102,480 1,095,795.75
0.27 IRE AU IRESS LTD 6297497 5.41 178,671 966,324.76
0.26 HUT CN HUT 8 CORP BQQ8805 11.05 84,873 938,259.80
0.26 LC LENDINGCLUB CORP BK95GR4 8.79 105,861 930,518.19
0.26 PSFE PAYSAFE LTD BPCPXY2 15.79 58,605 925,372.95
0.26 ZIP AU ZIP CO LTD BPP1Y77 0.91 1,012,600 918,263.31
0.21 LPRO OPEN LENDING CORP BMTD3M6 6.26 119,299 746,811.74
0.21 BLND BLEND LABS INC-A BP8K987 3.25 228,248 741,806.00
0.20 ML MONEYLION INC BP5HQH9 71.32 9,812 699,791.84
0.18 863 HK OSL GROUP LTD BKPSJS9 1.09 596,500 647,835.23
0.18 BITF BITFARMS LTD/CANADA BK9Z566 2.23 288,940 644,336.20
0.17 MITK MITEK SYSTEMS INC 2597072 14.10 43,409 612,066.90
0.15 TREE LENDINGTREE INC BV8TD84 42.34 12,350 522,899.00
0.14 7342 JP WEALTHNAVI INC BMC6VV7 10.93 47,214 515,986.36
0.14 IIIV I3 VERTICALS INC-CLASS A BF2G4D1 22.89 22,195 508,043.55
0.13 PGY PAGAYA TECHNOL-A BQ5J6B6 10.10 44,840 452,884.00
0.12 CTLP CANTALOUPE INC BMH10B0 6.43 69,328 445,779.04
0.12 PAY PAYMENTUS HOLDINGS INC-A BMBP1P9 22.75 19,342 440,030.50
0.09 9959 HK LINKLOGIS INC-CLASS B BKSCMF6 0.18 1,885,500 337,279.35
0.04 CASH 1.00 139,485 139,485.21
0.03 OTHER PAYABLE & RECEIVABLES 1.00 116,924 116,923.94
0.01 BKKT BAKKT HOLDINGS INC BMQ7FW5 0.46 77,942 35,837.73
0.00 AUSTRALIAN DOLLAR 0.65 540 352.30
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 02/29/24

Sector Weight (%)
Information Technology 50.6
Financials 40.2
Industrials 4.5
Communication Services 2.8
Health Care 1.9

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Packaged Software 38.9
Data Processing Services 21.6
Information Technology Services 18.1
Miscellaneous Commercial Services 7.3
Internet Software/Services 5.9
Finance/Rental/Leasing 2.9
Investment Managers 2.3
Investment Banks/Brokers 1.4
Financial Conglomerates 1.3
Property/Casualty Insurance 0.3

Source: new windowAltaVista Research, LLC

Country Weight (%)
United States 75.2
Netherlands 5.5
New Zealand 3.6
Britain 3.5
Italy 2.7
Brazil 2.1
Switzerland 1.7
South Korea 1.2
Australia 1.0
China 0.8
Uruguay 0.7
Other 2.0

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 03/28/24

Return on Equity 10.80%
Weighted Avg. Market Cap 42,776 M
2023 2024
Price-to-earnings 38.09 29.31
Price-to-book value 3.33 3.04

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 02/29/24

Versus Beta
S&P 500 1.53
NASDAQ-100 1.22
MSCI EAFE 1.44
MSCI Emg. Mkts 1.16
Standard Deviation 33.20%

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.