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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 07/26/24

Inception Date 09/12/16
Total Expense Ratio 0.68%
Net Assets $287.35 million
NAV $26.05
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 07/25/24

Ticker FINX
Bloomberg Index Ticker IFINXNT
CUSIP 37954Y814
ISIN US37954Y8140
Primary Exchange Nasdaq
Shares Outstanding 11,030,000
Number of Holdings 64
30-Day Median Bid-Ask Spread 0.44%

Distributions As of 07/26/24

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

ETF Prices As of 07/26/24

NAV $26.05 Daily Change $0.52 2.04%
Market Price $26.01 Daily Change $0.57 2.24%

Performance History

As of recent month & quarter-end (06/30/24)
As of recent month & quarter-end (06/30/24)
Fund NAV Market Price Index
1 Year 14.54% 14.28% 15.22%
3 Years -17.53% -17.57% -17.25%
5 Years -1.91% -1.99% -1.45%
Since Inception 7.67% 7.63% 8.24%
1 Year 14.54% 14.28% 15.22%
3 Years -17.53% -17.57% -17.25%
5 Years -1.91% -1.99% -1.45%
Since Inception 7.67% 7.63% 8.24%
Year-to-Date -1.18% -1.38% -0.86%
1 Month 0.11% -0.01% 0.17%
3 Months -9.27% -9.48% -9.13%
Since Inception 78.05% 77.55% 85.47%
Year-to-Date -1.18% -1.38% -0.86%
1 Month 0.11% -0.01% 0.17%
3 Months -9.27% -9.48% -9.13%
Since Inception 78.05% 77.55% 85.47%

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 07/26/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
6.78 FIS FIDELITY NATIONA 2769796 75.68 257,444 19,483,361.92
6.64 FI FISERV INC 2342034 159.94 119,334 19,086,279.96
5.99 PYPL PAYPAL HOLDINGS INC BYW36M8 58.29 295,155 17,204,584.95
5.93 INTU INTUIT INC 2459020 633.36 26,888 17,029,783.68
5.54 COIN COINBASE GLOBA-A BMC9P69 242.93 65,571 15,929,163.03
5.16 SSNC SS&C TECHNOLOGIE B58YSC6 72.29 205,221 14,835,426.09
4.69 SQ BLOCK INC BYNZGK1 60.18 223,995 13,480,019.10
4.62 ADYEN NA ADYEN NV BZ1HM42 1,176.36 11,280 13,269,291.65
3.78 XRO AU XERO LTD B8P4LP4 86.86 125,153 10,870,816.32
3.62 GPN GLOBAL PAYMENTS INC 2712013 101.19 102,819 10,404,254.61
3.58 JKHY JACK HENRY 2469193 170.33 60,380 10,284,525.40
3.50 GWRE GUIDEWIRE SOFTWARE INC B7JYSG3 148.01 67,859 10,043,810.59
3.18 TOST TOAST INC-CLASS A BP6D7B7 25.68 356,023 9,142,670.64
2.75 WISE LN WISE PLC - A BL9YR75 9.29 849,679 7,896,117.19
2.34 NEXI IM NEXI SPA BJ1F880 6.18 1,089,235 6,730,636.29
2.09 SOFI SOFI TECHNOLOGIES INC BM8J4C2 7.41 810,249 6,003,945.09
2.03 AFRM AFFIRM HOLDINGS INC BMF9NM8 27.10 215,333 5,835,524.30
2.00 HQY HEALTHEQUITY INC BP8XZL1 80.98 70,925 5,743,506.50
1.60 BILL BILL HOLDINGS INC BKDS4H5 52.83 86,767 4,583,900.61
1.51 TEMN SW TEMENOS AG - REG 7147892 69.98 61,997 4,338,842.19
1.38 MARA MARATHON DIGITAL BLR7B52 21.57 183,420 3,956,369.40
1.35 ACIW ACI WORLDWIDE INC 2889155 42.99 89,955 3,867,165.45
1.14 FOUR SHIFT4 PAYMENT-A BLF0L75 69.53 47,080 3,273,472.40
1.09 NCNO NCINO INC BMC8TD1 33.54 93,453 3,134,413.62
1.09 STNE STONECO LTD-A BGKG6M3 13.50 231,078 3,119,553.00
0.98 ENV ENVESTNET INC B474ZK7 62.00 45,257 2,805,934.00
0.78 PAGS PAGSEGURO DIGI-A BFWK4R7 13.35 168,268 2,246,377.80
0.74 AMK ASSETMARK FINANC BKF9D68 34.61 61,261 2,120,243.21
0.73 HUB AU HUB24 LTD BD4T5X1 31.38 66,733 2,094,398.96
0.72 VIRT VIRTU FINANCIA-A BWTVWD4 27.97 73,766 2,063,235.02
0.72 377300 KS KAKAOPAY CORP BP8ZCS3 18.76 109,559 2,055,738.46
0.67 VERX VERTEX INC - CLASS A BMX6DM1 38.88 49,834 1,937,545.92
0.66 RIOT RIOT PLATFORMS INC BD9F675 11.20 170,463 1,909,185.60
0.65 UPST UPSTART HOLDINGS INC BL53QN5 26.11 71,313 1,861,982.43
0.64 FLYW FLYWIRE CORP-VOTING BMBP1Q0 18.52 98,690 1,827,738.80
0.62 SPNS SAPIENS INTL BFYZGX0 39.71 44,877 1,782,065.67
0.59 NVEI CN NUVEI CORP-SUB V BMFNHJ5 32.87 51,355 1,687,961.67
0.57 PAYO PAYONEER GLOBAL INC BLSPX60 5.47 298,122 1,630,727.34
0.54 HYQ GR HYPOPORT SE B28XLF6 272.49 5,655 1,540,905.39
0.51 MLNK MERIDIANLINK INC BMV7CG3 23.64 61,943 1,464,332.52
0.47 LU LUFAX HOLDING LTD-ADR BR0V7R7 2.94 463,704 1,363,289.76
0.47 OTHER PAYABLE & RECEIVABLES 1.00 1,344,270 1,344,270.27
0.46 LMND LEMONADE INC BMGNTQ5 23.42 56,653 1,326,813.26
0.41 CIFR CIPHER MINING INC BMZ8604 5.82 204,183 1,188,345.06
0.38 HUT CN HUT 8 CORP BQQ8805 15.16 72,612 1,100,722.37
0.38 PSFE PAYSAFE LTD BPCPXY2 21.67 50,187 1,087,552.29
0.36 IRE AU IRESS LTD 6297497 6.91 148,859 1,028,228.49
0.36 GLXY CN GALAXY DIGITAL HOLDINGS BD5H1G9 11.63 87,834 1,021,133.71
0.35 DLO DLOCAL LTD BKVF490 7.79 130,669 1,017,911.51
0.34 ZIP AU ZIP CO LTD BPP1Y77 1.16 844,200 982,013.89
0.33 LC LENDINGCLUB CORP BK95GR4 10.85 87,953 954,290.05
0.22 BITF BITFARMS LTD/CANADA BK9Z566 2.69 239,021 642,966.49
0.21 LPRO OPEN LENDING CORP BMTD3M6 6.34 93,795 594,660.30
0.20 ML MONEYLION INC BP5HQH9 70.23 8,348 586,280.04
0.20 TREE LENDINGTREE INC BV8TD84 55.72 10,520 586,174.40
0.20 BLND BLEND LABS INC-A BP8K987 3.06 189,125 578,722.50
0.19 PGY PAGAYA TECHNOL-A BQ5J6B6 14.95 36,961 552,566.95
0.16 MITK MITEK SYSTEMS INC 2597072 13.15 35,105 461,630.75
0.16 IIIV I3 VERTICALS INC-CLASS A BF2G4D1 24.99 18,036 450,719.64
0.16 CTLP CANTALOUPE INC BMH10B0 7.81 56,907 444,443.67
0.12 863 HK OSL GROUP LTD BKPSJS9 0.74 475,000 352,874.87
0.12 9959 HK LINKLOGIS INC-CLASS B BKSCMF6 0.21 1,611,000 338,406.36
0.12 7342 JP WEALTHNAVI INC BMC6VV7 8.83 38,043 335,990.54
0.12 PAY PAYMENTUS HOLDINGS INC-A BMBP1P9 21.30 15,698 334,367.40
0.02 CASH 1.00 57,410 57,409.54
0.01 BKKT BAKKT HOLDINGS INC BMDLW29 18.08 1,477 26,704.16
0.01 KOREAN WON 0.00 25,728,832 18,568.06
0.00 AUSTRALIAN DOLLAR 0.66 540 353.89
0.00 DANISH KRONE 0.15 -11,310 -1,645.22
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 06/30/24

Sector Weight (%)
Financials 65.5
Information Technology 26.4
Industrials 5.5
Health Care 2.2
Communication Services 0.4

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Financial Services 68.2
Technology 24.3
Professional Services 4.8
Health Care 2.3
Insurance 0.4

Source: new windowAltaVista Research, LLC

Country Weight (%)
United States 76.7
Netherlands 4.9
New Zealand 4.2
Britain 3.0
Italy 2.4
Brazil 1.7
Switzerland 1.6
Australia 1.4
Canada 0.9
South Korea 0.8
Israel 0.7
Other 1.7

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 07/25/24

Return on Equity 11.20%
Weighted Avg. Market Cap 36,947 M
2023 2024
Price-to-earnings 31.58 24.57
Price-to-book value 2.90 2.64

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 06/30/24

Versus Beta
S&P 500 1.55
NASDAQ-100 1.21
MSCI EAFE 1.47
MSCI Emg. Mkts 1.17
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.