Global X E-Commerce ETF (NASDAQ:EBIZ) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive E-commerce Index. The fund invests at least 80% of its total assets in the securities of the underlying index. The index is designed to provide exposure to exchange-listed companies that are positioned to benefit from the increased adoption of e-commerce as a distribution model, including but not limited to companies whose principal business is in operating e-commerce platforms, providing e-commerce software and services, and/or selling goods and services online. The fund is non-diversified.
This fund focuses specifically on companies that operate online marketplace platforms or provide software or services to facilitate e-commerce. These companies must derive at least half of their revenues from these operations to be eligible for inclusion. It has a little over $232 million in assets, 42 holdings, and an expense ratio of 0.50%. The fund is market cap weighted and global, but is still heavily concentrated in the U.S. at around 65%. Because it’s market cap weighted, the top 10 holdings comprise roughly 44.67% of the fund and include Shopify, Rakuten, eBay, and Wayfair.
Top 10 Holdings (44.67% of Total Assets)
| Name | Symbol | % Assets |
|---|---|---|
| Williams-Sonoma Inc | WSM | 5.18% |
| eBay Inc | EBAY | 4.81% |
| Shopify Inc A | SHOP.TO | 4.71% |
| Rakuten Group Inc | 4755 | 4.58% |
| Expedia Group Inc | EXPE | 4.46% |
| Wayfair Inc Class A | W | 4.33% |
| Amazon.com Inc | AMZN | 4.22% |
| Trip.com Group Ltd ADR | TCOM | 4.16% |
| NetEase Inc ADR | NTES | 4.12% |
| GoDaddy Inc A | GDDY | 4.10% |
This is one of the better e-commerce ETF