| NAV | $39.22 | Daily Change | $0.39 | 1.00% |
| Market Price | $39.26 | Daily Change | $0.44 | 1.13% |
AUSF seeks to outperform traditional market capitalization weighted indexes by allocating across three factors – minimum volatility, value, and momentum – that have historically demonstrated advantages compared to broad benchmark indexes.
AUSF either allocates to two factors with a 50% / 50% weighting, or all three factors with a weighting of 40% / 40% / 20% depending on the trailing returns of each factor.
Dynamically allocating across multiple factors within one ETF can result in tax efficiencies compared to buying and selling individual factor ETFs.
| Inception Date | 08/24/18 |
| Total Expense Ratio | 0.27% |
| Net Assets | $238.07 million |
| NAV | $39.22 |
| Fact Sheet | View the document |
The Global X Adaptive U.S. Factor ETF (AUSF) seeks to outperform traditional cap-weighted indexes by employing a dynamic multi-factor investment strategy that allocates across three factors: minimum volatility, value, and momentum.
The Global X Adaptive U.S. Factor ETF (AUSF) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Adaptive Wealth Strategies® U.S. Factor Index.
| Ticker | AUSF |
| Bloomberg Index Ticker | AWSUSF |
| CUSIP | 37954Y574 |
| ISIN | US37954Y5740 |
| Primary Exchange | NYSE Arca |
| Shares Outstanding | 6,070,002 |
| Number of Holdings | 0 |
| 30-Day Median Bid-Ask Spread | 0.25% |
| 30-Day SEC Yield | 2.67% |
| Distribution Frequency | Quarterly |
| NAV | $39.22 | Daily Change | $0.39 | 1.00% |
| Market Price | $39.26 | Daily Change | $0.44 | 1.13% |
|
As of recent month & quarter-end (03/31/24)
As of recent month & quarter-end (03/31/24)
|
Fund NAV | Market Price | Index |
|---|---|---|---|
| 1 Year | 37.68% | 37.74% | 38.28% |
| 3 Years | 15.43% | 15.28% | 15.80% |
| 5 Years | 14.31% | 14.27% | 14.68% |
| Since Inception | 12.45% | 12.42% | 12.82% |
| 1 Year | 37.68% | 37.74% | 38.28% |
| 3 Years | 15.43% | 15.28% | 15.80% |
| 5 Years | 14.31% | 14.27% | 14.68% |
| Since Inception | 12.45% | 12.42% | 12.82% |
| Year-to-Date | 10.58% | 10.44% | 10.71% |
| 1 Month | 4.68% | 4.47% | 4.72% |
| 3 Months | 10.58% | 10.44% | 10.71% |
| Since Inception | 93.02% | 92.79% | 96.63% |
| Year-to-Date | 10.58% | 10.44% | 10.71% |
| 1 Month | 4.68% | 4.47% | 4.72% |
| 3 Months | 10.58% | 10.44% | 10.71% |
| Since Inception | 93.02% | 92.79% | 96.63% |
Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.
| Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
|---|
| Sector | Weight (%) | |
|---|---|---|
| Financials | 22.6 | |
| Information Technology | 14.8 | |
| Health Care | 11.8 | |
| Consumer Staples | 10.2 | |
| Consumer Discretionary | 9.2 | |
| Communication Services | 8.4 | |
| Industrials | 7.6 | |
| Materials | 6.6 | |
| Energy | 6.0 | |
| Utilities | 1.8 | |
| Real Estate | 1.0 |
| Industry | Weight (%) | |
|---|---|---|
| Information Technology Services | 6.1 | |
| Pharmaceuticals: Major | 5.9 | |
| Major Telecommunications | 5.1 | |
| Regional Banks | 4.7 | |
| Environmental Services | 3.7 | |
| Food Retail | 3.6 | |
| Insurance Brokers/Services | 3.4 | |
| Finance/Rental/Leasing | 3.2 | |
| Oil & Gas Pipelines | 3.2 | |
| Major Banks | 2.8 | |
| Aerospace & Defense | 2.8 | |
| Other | 55.5 |
All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.
The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales load. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three- year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
As of 03/31, AUSF was rated against the following numbers of Mid-Cap Value funds over the following time periods: 380 during the last 3 years, 363 during the last 5 years. With respect to these Mid-Cap Value funds, AUSF received a Morningstar Rating of 5 stars for both periods. Past performance is not indicative of future results.
© 2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Investing involves risk, including the possible loss of principal. There is no guarantee that the Fund will achieve a high degree of correlation to the Underlying Index and therefore achieve its investment objective. Market disruptions and regulatory restrictions could have an adverse effect on the Fund’s ability to adjust its exposure to the required levels in order to track the Underlying Index. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index. Performance of companies in the financial sector may be adversely impacted by many factors, including, among others, government regulations, economic conditions, credit rating downgrades, changes in interest rates, and decreased liquidity in credit markets. AUSF 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.
Since the Fund’s shares did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.
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 Adaptive Wealth Strategies® (AWS), nor does AWS 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 AWS.