Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
You take care of your investments. We like that.
Upgrade to Premium to access your Watchlist and more.
Global X Health & Wellness ETF
ETF
BFIT
Payout Change
Pending
Price as of:
$21.39
+0.0
+0.0%
primary theme
N/A
BFIT (ETF)
Global X Health & Wellness ETF
Payout Change
Pending
Price as of:
$21.39
+0.0
+0.0%
primary theme
N/A
BFIT (ETF)
Global X Health & Wellness ETF
Payout Change
Pending
Price as of:
$21.39
+0.0
+0.0%
primary theme
N/A
Name
As of 02/23/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-5.4%
1 yr return
-1.5%
3 Yr Avg Return
-5.3%
5 Yr Avg Return
2.9%
Net Assets
$9.44 M
Holdings in Top 10
35.8%
52 WEEK LOW AND HIGH
$21.4
$20.14
$23.51
Expenses
OPERATING FEES
Expense Ratio 0.50%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 02/23/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
BFIT - Profile
Distributions
- YTD Total Return -5.4%
- 3 Yr Annualized Total Return -5.3%
- 5 Yr Annualized Total Return 2.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.71%
- Dividend Yield 2.4%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameGlobal X Health & Wellness ETF
-
Fund Family NameGlobal X Funds
-
Inception DateMay 09, 2016
-
Shares Outstanding1160012
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerNam To
Fund Description
The Fund invests more than 80% of its total assets in the securities of the Indxx Global Health & Wellness Thematic Index ("Underlying Index") and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the Underlying Index. The Fund's 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed.
The Underlying Index is designed to provide exposure to exchange-listed companies in developed markets that provide products and services that facilitate physical wellness through active and healthy lifestyles, including but not limited to companies involved in fitness equipment, fitness technology, athletic apparel, nutritional supplements, and organic/natural food offerings, (collectively, "Health & Wellness Companies"), as defined by Indxx, LLC, the provider of the Underlying Index ("Index Provider").
The eligible universe of the Underlying Index includes the most liquid and investable companies in accordance with the standard market capitalization and liquidity criteria associated with developed markets, as defined by the Index Provider. As of January 31, 2023, companies must have a minimum market capitalization of $500 million and a minimum average daily turnover for the last 6 months (or since the IPO launch date for Significant IPOs as defined by the Index Provider) greater than or equal to $2 million in order to be eligible for inclusion in the Underlying Index. The Underlying Index may include components from the following countries: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Luxembourg, Netherlands, New Zealand, Norway, Portugal, Singapore, South Korea, Spain, Sweden, Switzerland, Taiwan, the United Kingdom and the United States.
From the eligible universe, the Index Provider identifies Health & Wellness Companies by applying a proprietary analysis that consists of two primary components: theme identification and company analysis. As of January 31, 2023, the Index Provider has identified the following four themes that are expected to provide the most exposure to Health & Wellness Companies: (1) Healthy Food, Nutrition and Weight Loss, (2) Fitness and Fitness Apparel, (3) Nutritional Supplements and Preventive Health Care, (4) Anti-Aging and Wellness (collectively, "Health & Wellness Themes"). In order to be included in the Underlying Index, a company must be identified as having significant exposure to these Health & Wellness Themes, as determined by the Index Provider. The Index Provider analyzes companies based on two primary criteria: revenue exposure and primary business operations. A company is to have significant exposure to the Health & Wellness Themes if (i) it derives a significant portion of its revenue from the sale of products or services from the Health & Wellness Themes, or (ii) it has stated its primary business to be in products and services focused on the Health & Wellness Themes, as determined by the Index Provider. Accordingly, the Fund assets will be concentrated (that is, it will hold 25% or more of its total assets) in companies that provide products and services that facilitate physical health and wellness.
The Underlying Index is weighted according to a modified capitalization weighting methodology and is reconstituted and rebalanced annually. The Underlying Index may include large-, mid- or small-capitalization companies, and components primarily include consumer discretionary, consumer staples, health care and information technology companies. The Fund's investment objective and Underlying Index may be changed without shareholder approval.
The Underlying Index is sponsored by the Index Provider, which is an organization that is independent of, and unaffiliated with, the Fund and Global X Management Company LLC, the investment adviser for the Fund ("Adviser"). The Index Provider determines the relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
The Adviser uses a "passive" or indexing approach to try to achieve the Fund's investment objective. Unlike many investment companies, the Fund does not try to outperform the Underlying Index and does not seek temporary defensive positions when markets decline or appear overvalued.
The Fund generally will use a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of the Underlying Index in approximately the same proportions as in the Underlying Index. However, the Fund may utilize a representative sampling strategy with respect to the Underlying Index when a replication strategy might be detrimental or disadvantageous to shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to replicate the Underlying Index, in instances in which a security in the Underlying Index becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to the Fund but not the Underlying Index.
The Adviser expects that, over time, the correlation between the Fund's performance and that of the Underlying Index, before fees and expenses, will exceed 95%. A correlation percentage of 100% would indicate perfect correlation. If the Fund uses a replication strategy, it can be expected to have greater correlation to the Underlying Index than if it uses a representative sampling strategy.
The Fund concentrates its investments (i.e., holds 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. As of January 31, 2023, the Underlying Index was concentrated in the textiles, apparel and luxury goods industry and had significant exposure to the consumer discretionary sector.
BFIT - Performance
Return Ranking - Trailing
| Period | BFIT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -5.4% | -44.3% | 9.5% | 8.97% |
| 1 Yr | -1.5% | -51.1% | 24.7% | 67.74% |
| 3 Yr | -5.3%* | -6.4% | 28.0% | 90.54% |
| 5 Yr | 2.9%* | -4.2% | 18.3% | 64.00% |
| 10 Yr | N/A* | 1.0% | 13.7% | N/A |
* Annualized
Return Ranking - Calendar
| Period | BFIT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.9% | -50.5% | 18.8% | 16.89% |
| 2022 | -25.3% | -27.4% | 103.5% | 65.03% |
| 2021 | 9.7% | 3.5% | 66.4% | 59.29% |
| 2020 | 17.4% | -64.5% | 5.6% | 0.79% |
| 2019 | 23.7% | -9.3% | 49.7% | 73.58% |
Total Return Ranking - Trailing
| Period | BFIT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -5.4% | -44.3% | 9.5% | 58.33% |
| 1 Yr | -1.5% | -51.1% | 24.7% | 65.16% |
| 3 Yr | -5.3%* | -6.4% | 28.0% | 87.16% |
| 5 Yr | 2.9%* | -4.2% | 18.3% | 60.80% |
| 10 Yr | N/A* | 1.0% | 13.7% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | BFIT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.6% | -50.6% | 18.8% | 16.89% |
| 2022 | -24.6% | -27.4% | 103.5% | 65.03% |
| 2021 | 10.4% | 3.5% | 66.4% | 59.29% |
| 2020 | 18.1% | -64.5% | 5.6% | 0.79% |
| 2019 | 24.5% | -9.3% | 53.2% | 93.40% |
BFIT - Holdings
Concentration Analysis
| BFIT | Category Low | Category High | BFIT % Rank | |
|---|---|---|---|---|
| Net Assets | 9.44 M | 2.31 M | 71.6 B | 88.75% |
| Number of Holdings | 58 | 31 | 9561 | 70.63% |
| Net Assets in Top 10 | 3.28 M | 452 K | 5.44 B | 89.38% |
| Weighting of Top 10 | 35.80% | 4.2% | 63.4% | 26.88% |
Top 10 Holdings
- CELSIUS HOLDINGS INC COMMON STOCK 5.35%
- LULULEMON ATHLETICA INC COMMON STOCK 3.88%
- SKECHERS USA INC-CL A COMMON STOCK 3.72%
- ADIDAS AG COMMON STOCK 3.69%
- PUMA SE COMMON STOCK 3.38%
- BELLRING BRANDS INC COMMON STOCK 3.30%
- ASICS CORP COMMON STOCK 3.17%
- DEXCOM INC COMMON STOCK 3.13%
- DANONE COMMON STOCK 3.12%
- ON HOLDING AG-CLASS A COMMON STOCK 3.06%
Asset Allocation
| Weighting | Return Low | Return High | BFIT % Rank | |
|---|---|---|---|---|
| Stocks | 99.74% | 40.59% | 104.41% | 8.13% |
| Cash | 0.26% | -4.41% | 47.07% | 90.63% |
| Preferred Stocks | 0.00% | 0.00% | 1.04% | 58.75% |
| Other | 0.00% | -7.94% | 19.71% | 69.38% |
| Convertible Bonds | 0.00% | 0.00% | 7.55% | 54.38% |
| Bonds | 0.00% | 0.00% | 8.07% | 54.38% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BFIT % Rank | |
|---|---|---|---|---|
| Consumer Cyclical | 72.04% | 0.00% | 71.20% | 0.63% |
| Consumer Defense | 22.18% | 0.00% | 52.28% | 1.25% |
| Healthcare | 5.37% | 0.00% | 28.38% | 65.63% |
| Communication Services | 0.38% | 0.00% | 23.15% | 92.50% |
| Basic Materials | 0.03% | 0.00% | 26.39% | 86.25% |
| Utilities | 0.00% | 0.00% | 70.33% | 79.38% |
| Technology | 0.00% | 0.00% | 93.40% | 100.00% |
| Real Estate | 0.00% | 0.00% | 43.48% | 85.00% |
| Industrials | 0.00% | 0.00% | 53.77% | 98.75% |
| Financial Services | 0.00% | 0.00% | 75.07% | 95.00% |
| Energy | 0.00% | 0.00% | 36.56% | 71.88% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BFIT % Rank | |
|---|---|---|---|---|
| Non US | 51.78% | 12.39% | 83.06% | 20.63% |
| US | 47.95% | 6.76% | 79.19% | 55.63% |
BFIT - Expenses
Operational Fees
| BFIT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.50% | 0.43% | 2.93% | 97.50% |
| Management Fee | 0.50% | 0.30% | 1.25% | 2.50% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.03% | 0.15% | N/A |
Sales Fees
| BFIT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| BFIT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| BFIT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 7.00% | 145.00% | 16.88% |
BFIT - Distributions
Dividend Yield Analysis
| BFIT | Category Low | Category High | BFIT % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.36% | 0.00% | 14.18% | 6.88% |
Dividend Distribution Analysis
| BFIT | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annually | Annually | Annually |
Net Income Ratio Analysis
| BFIT | Category Low | Category High | BFIT % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.71% | -1.92% | 6.98% | 16.56% |
Capital Gain Distribution Analysis
| BFIT | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jan 08, 2024 | $0.252 | OrdinaryDividend |
| Jul 10, 2023 | $0.101 | OrdinaryDividend |
| Jan 09, 2023 | $0.116 | OrdinaryDividend |
| Jul 08, 2022 | $0.078 | OrdinaryDividend |
| Jan 07, 2022 | $0.141 | OrdinaryDividend |
| Jul 08, 2021 | $0.041 | OrdinaryDividend |
| Jan 08, 2021 | $0.098 | OrdinaryDividend |
| Jul 08, 2020 | $0.035 | OrdinaryDividend |
| Jan 08, 2020 | $0.048 | OrdinaryDividend |
| Jul 08, 2019 | $0.076 | OrdinaryDividend |
| Jan 08, 2019 | $0.087 | OrdinaryDividend |
| Jan 09, 2018 | $0.145 | OrdinaryDividend |
| Jan 06, 2017 | $0.075 | OrdinaryDividend |
BFIT - Fund Manager Analysis
Managers
Nam To
Start Date
Tenure
Tenure Rank
Mar 01, 2018
4.25
4.3%
Nam To, CFA, joined Global X Management Company LLC in July 2017 as a Portfolio Management Analyst. Mr. To has been a Portfolio Manager of the Fund since March 1, 2018. Previously, Mr. To was a Global Economics Research Analyst at Bunge Limited from 2014 through 2017 and an Advisory and Investment Analyst at Horizon Capital Group from June 2013 through August 2013. Mr. To received his Bachelor of Arts in Philosophy and Economics from Cornell University in 2014.
Wayne Xie
Start Date
Tenure
Tenure Rank
Mar 01, 2019
3.25
3.3%
Wayne Xie joined the Global X Management Company LLC in July 2018 as a Portfolio Management Associate. Previously, Mr. Xie was an Analyst at VanEck Associates on the Equity ETF Investment Management team from 2010 to 2018 and a Portfolio Administrator at VanEck Associates from 2007 to 2010. Mr. Xie received his BS in Business Administration from State University of New York at Buffalo.
Kimberly Chan
Start Date
Tenure
Tenure Rank
Jun 10, 2019
2.98
3.0%
Kimberly Chan is a Portfolio Management Associate. Previously, Ms. Chan was a US Associate Trader at Credit Agricole from 2016 to 2018, and an Investment Analyst at MetLife Investments from 2015 to 2016. Ms. Chan received her Bachelor of Science from New York University in 2015.
Vanessa Yang
Start Date
Tenure
Tenure Rank
Dec 31, 2020
1.41
1.4%
Vanessa Yang, Portfolio Management Associate, joined Global X Management Company LLC in 2016 as a Portfolio Administrator. She was appointed to the portfolio management team in June 2019. Previously, Ms. Yang was a Portfolio Administrator at VanEck Associates from 2011 to 2014. Ms. Yang received her MS in Financial Engineering from Drucker School of Management in 2010 and her BS in Economics from Guangdong University of Foreign Studies in 2008.
Sandy Lu
Start Date
Tenure
Tenure Rank
Apr 01, 2022
0.16
0.2%
Sandy Lu, CFA, Portfolio Manager, joined the Adviser in September 2021. Previously, Mr. Lu worked at PGIM Fixed Income from 2014 to 2021, where he led the portfolio analyst team covering Emerging Markets Debt. He began his career in 2010 as an Investment Analyst at Lincoln Financial Group. Mr. Lu graduated with a B.S. in Economics from the Wharton School of the University of Pennsylvania. He earned his CFA designation in September 2015, and holds the Series 3 license.
William Helm
Start Date
Tenure
Tenure Rank
Apr 01, 2022
0.16
0.2%
William Helm, CFA, Portfolio Manager, joined the Adviser in September 2021. Previously, Mr. Helm spent 14 years at Vanguard where he most recently served as an Equity Portfolio Manager and Trader. Previously, he held roles in Portfolio Review, Corporate Strategy and Corporate Finance. Mr. Helm received his BBA in Economics from Belmont University in 2007 and his MBA from Columbia Business School in 2020.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 39.6 | 7.02 | 9.33 |
