Just let the Straw people know:

The Global X FANG+ ETF (ASX: FANG) has recently undergone a scheduled rebalance, resulting in changes to two holdings. 

FANG holds ten stocks in total – six fixed companies (Meta, Apple, Amazon, Netflix, Microsoft, and Alphabet), plus four variable constituents (high-growth innovative companies). Following the rebalance Tesla and Snowflake have been removed and CrowdStrike and ServiceNow are now in the fund.

How will these changes impact the Index?

The removal of Tesla and Snowflake moves FANG’s exposure more towards software, which is traditionally known for stable revenue and earnings growth. This shift towards software companies like CrowdStrike and ServiceNow aligns well with the broader trend of AI integration into software services and may provide more immediate stability.

• Both companies are positioned to benefit from increasing demand for workflow automation and cybersecurity solutions in a rapidly digitalising environment. 
• Recurring revenue models and higher return on equity (ROE) position them to outperform in a rate-cutting environment. 
• Quality high-ROE companies tend to deliver stronger returns during these cycles.

About FANG

The fund is an exchange-traded fund incorporated in Australia. The Fund aims to provide investors with a return that (before fees and expenses) tracks the performance of the NYSE® FANG+™ Index (the Index).

2924-02853173-2A1548694&v=fc9bdb61fe50ea61f8225e24ce041a0e155a9400 (markitdigital.com)

I just checking the fees.

This is a reminder to check in on the Management Expense Ratios as below:

Performance of FANG: