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 03/23/23

Inception Date 09/12/16
Total Expense Ratio 0.68%
Net Assets $383.71 million
NAV $19.91
Fact Sheet

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 03/23/23

Ticker FINX
Bloomberg Index Ticker IFINXNT
CUSIP 37954Y814
ISIN US37954Y8140
Primary Exchange Nasdaq
Shares Outstanding 19,270,000
Number of Holdings 63
30-Day Median Bid-Ask Spread 0.19%

Distributions As of 03/23/23

30-Day SEC Yield -0.14%
Distribution Frequency Semi-Annually

ETF Prices As of 03/23/23

NAV $19.91 Daily Change -$0.23 -1.14%
Market Price $19.80 Daily Change -$0.28 -1.39%

Performance History

As of recent
(12/31/22)
As of recent
(12/31/22)
Fund NAV Market Price Index
1 Year -52.01% -51.79% -51.92%
3 Years -12.68% -12.53% -12.31%
5 Years -1.50% -1.49% -0.96%
Since Inception 4.82% 4.90% 5.40%
1 Year -34.60% -34.67% -34.61%
3 Years -9.69% -9.75% -9.34%
5 Years -0.83% -0.83% -0.33%
Since Inception 6.16% 6.15% 6.73%
Year-to-Date -52.01% -51.79% -51.92%
1 Month -6.26% -6.37% -6.25%
3 Months -5.84% -5.07% -5.82%
Since Inception 34.58% 35.20% 39.31%
Year-to-Date 9.34% 8.78% 9.34%
1 Month -5.42% -5.72% -5.43%
3 Months 2.50% 1.85% 2.51%
Since Inception 47.15% 47.07% 52.33%

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 03/23/23

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
7.00 ADYEN NA ADYEN NV BZ1HM42 1,584.07 16,943 26,838,824.96
6.83 INTU INTUIT INC 2459020 432.49 60,600 26,208,894.00
6.19 PYPL PAYPAL HOLDINGS INC BYW36M8 72.56 327,391 23,755,490.96
6.00 FISV FISERV INC 2342034 111.10 207,236 23,023,919.60
5.01 SQ BLOCK INC BYNZGK1 61.88 310,869 19,236,573.72
4.95 FIS FIDELITY NATIONA 2769796 49.97 379,713 18,974,258.61
4.32 SSNC SS&C TECHNOLOGIE B58YSC6 53.93 307,495 16,583,205.35
4.21 GPN GLOBAL PAYMENTS INC 2712013 98.44 164,114 16,155,382.16
4.15 COIN COINBASE GLOBA-A BMC9P69 66.30 239,869 15,903,314.70
3.74 JKHY JACK HENRY 2469193 146.68 97,902 14,360,265.36
3.66 NEXI IM NEXI SPA BJ1F880 7.98 1,758,351 14,032,034.29
3.13 XRO AU XERO LTD B8P4LP4 59.73 201,303 12,024,186.13
2.99 BKI BLACK KNIGHT INC BDG75V1 54.90 209,244 11,487,495.60
2.69 BILL BILL HOLDINGS INC BKDS4H5 72.24 142,672 10,306,625.28
2.45 WISE LN WISE PLC - A BL9YR75 6.84 1,372,777 9,387,637.05
2.23 GWRE GUIDEWIRE SOFTWARE INC B7JYSG3 77.85 109,762 8,544,971.70
2.12 377300 KS KAKAOPAY CORP BP8ZCS3 45.37 179,610 8,149,082.80
1.99 TOST TOAST INC-CLASS A BP6D7B7 16.11 473,081 7,621,334.91
1.87 SOFI SOFI TECHNOLOGIES INC BM8J4C2 5.78 1,243,860 7,189,510.80
1.73 TEMN SW TEMENOS AG - REG 7147892 66.13 100,425 6,640,830.96
1.71 HQY HEALTHEQUITY INC BP8XZL1 57.68 113,456 6,544,142.08
1.57 LU LUFAX HOLDING LTD-ADR BNDK6G5 1.97 3,062,982 6,034,074.54
1.27 FOUR SHIFT4 PAYMENT-A BLF0L75 68.63 71,001 4,872,798.63
1.03 ENV ENVESTNET INC B474ZK7 53.58 74,079 3,969,152.82
1.03 SIM DC SIMCORP A/S BBCR9N1 72.67 54,205 3,938,825.09
1.02 FLYW FLYWIRE CORP-VOTING BMBP1Q0 27.86 139,735 3,893,017.10
0.98 ACIW ACI WORLDWIDE INC 2889155 24.96 150,446 3,755,132.16
0.96 NVEI CN NUVEI CORP-SUB V BMFNHJ5 42.24 87,220 3,684,452.74
0.87 DLO DLOCAL LTD BKVF490 15.32 216,693 3,319,736.76
0.86 STNE STONECO LTD-A BGKG6M3 8.83 375,597 3,316,521.51
0.86 NCNO NCINO INC BMC8TD1 22.10 148,650 3,285,165.00
0.82 AFRM AFFIRM HOLDINGS INC BMF9NM8 9.99 313,092 3,127,789.08
0.75 PAYO PAYONEER GLOBAL INC BLSPX60 6.17 468,596 2,891,237.32
0.60 VIRT VIRTU FINANCIA-A BWTVWD4 17.19 133,386 2,292,905.34
0.55 RIOT RIOT PLATFORMS INC BD9F675 9.47 222,788 2,109,802.36
0.54 PAGS PAGSEGURO DIGI-A BFWK4R7 7.77 266,949 2,074,193.73
0.52 HUB AU HUB24 LTD BD4T5X1 18.77 106,909 2,006,986.04
0.47 9923 HK YEAHKA LTD BL58D39 3.00 595,914 1,787,810.32
0.45 MLNK MERIDIANLINK INC BMV7CG3 16.14 108,036 1,743,701.04
0.41 AVTA AVANTAX INC B8L2DV2 24.67 64,221 1,584,332.07
0.41 SPNS SAPIENS INTL BFYZGX0 21.41 73,456 1,572,692.96
0.39 IRE AU IRESS LTD 6297497 6.07 245,976 1,492,396.31
0.38 UPST UPSTART HOLDINGS INC BL53QN5 13.58 108,632 1,475,222.56
0.36 LEON SW LEONTEQ AG B7Y4738 55.11 25,243 1,391,042.20
0.35 PSFE PAYSAFE LTD BPCPXY2 16.31 81,616 1,331,155.60
0.34 MARA MARATHON DIGITAL BLR7B52 8.46 155,091 1,312,069.86
0.32 VERX VERTEX INC - CLASS A BMX6DM1 18.99 64,874 1,231,957.26
0.31 HYQ GR HYPOPORT SE B28XLF6 130.57 9,140 1,193,424.59
0.31 LPRO OPEN LENDING CORP - CL A BMTD3M6 7.01 168,088 1,178,296.88
0.31 LMND LEMONADE INC BMGNTQ5 12.74 92,138 1,173,838.12
0.29 9959 HK LINKLOGIS INC-CLASS B BKSCMF6 0.41 2,686,100 1,112,122.12
0.25 LC LENDINGCLUB CORP BK95GR4 6.72 141,881 953,440.32
0.19 IIIV I3 VERTICALS INC-CLASS A BF2G4D1 23.19 30,658 710,959.02
0.18 CASH 1.00 706,136 706,135.76
0.18 PGY PAGAYA TECHNOL-A BQ5J6B6 1.02 669,976 683,375.52
0.16 7342 JP WEALTHNAVI INC BMC6VV7 9.44 65,209 615,277.87
0.14 MITK MITEK SYSTEMS INC 2597072 9.21 58,920 542,653.20
0.13 HUT CN HUT 8 MINING CORP BF11385 1.92 255,402 489,899.14
0.11 TREE LENDINGTREE INC BV8TD84 25.60 16,840 431,104.00
0.11 GLXY CN GALAXY DIGITAL HOLDINGS BD5H1G9 3.13 135,553 424,750.60
0.09 ZIP AU ZIP CO LTD BPP1Y77 0.33 1,003,445 333,735.54
0.07 BLND BLEND LABS INC-A BP8K987 0.96 288,482 277,346.59
0.05 PAY PAYMENTUS HOLDINGS INC-A BMBP1P9 7.99 25,188 201,252.12
0.04 BKKT BAKKT HOLDINGS INC BMQ7FW5 1.55 98,058 151,989.90
0.02 KOREAN WON 0.00 82,934,156 64,875.94
0.00 BRITISH STERLING POUND 1.25 0 0.05
0.00 DANISH KRONE 0.00 0 0.00
0.00 EURO 1.00 0 -0.02
0.00 NEW ZEALAND DOLLAR 0.67 0 -0.02
0.00 AUSTRALIAN DOLLAR 0.67 -10,010 -6,725.80
Holdings are subject to change. "Cash" denotes U.S. dollars.

Sector Breakdown As of 02/28/23

Sector Weight (%)
Information Technology 81.0
Financials 9.9
Industrials 4.3
Communication Services 3.2
Health Care 1.7

Source: AltaVista Research, LLC

Country Breakdown As of 02/28/23

Country Weight (%)
United States 72.8
Netherlands 6.4
Italy 3.2
Britain 2.6
New Zealand 2.4
China 2.3
Switzerland 2.0
South Korea 1.9
Canada 1.5
Brazil 1.2
Australia 1.2
Other/Cash 2.5

Source: AltaVista Research, LLC

ETF Characteristics As of 03/23/23

Return on Equity 8.00%
Weighted Avg. Market Cap 32,499 M
2022 2023
Price-to-earnings 72.52 26.67
Price-to-book value 2.22 2.08

Source: AltaVista Research, LLC

ETF Risk Stats As of 02/28/23

Versus Beta
S&P 500 1.44
MSCI EAFE 1.34
MSCI Emg. Mkts 1.04
Standard Deviation 34.70%

Source: AltaVista Research, LLC

ETF Research

View More Related Research

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.

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