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FLOW

U.S. Cash Flow Kings 100 ETF

 

Reasons to Consider FLOW

Strong Balance Sheets

FLOW holds companies that generate a high level of free cash flow, which may be better positioned to invest in new projects, increase dividend payouts, or pay down debt.

Measure of Profitability

Stocks of companies with high free cash flow are less sensitive to accounting adjustments that may impair the quality of a company’s profitability.

ETF Efficiency

FLOW allows investors to buy and sell a basket of U.S. equities that have high free cash flow yields,1 with the tax efficiency of an ETF.

1Free cash flow is the cash a company generates after accounting for operating and capital expenditures. Free cash flow yield is defined as a company’s free cash flow per share, divided by its enterprise value per share.

Key Information As of 05/08/24

Inception Date 07/10/23
Total Expense Ratio 0.25%
Net Assets $3.00 million
NAV $30.00
Fact Sheet View the document

ETF Summary

The Global X U.S. Cash Flow Kings 100 ETF (FLOW) offers exposure to U.S. companies that exhibit high free cash flow yields, relative to the broader domestic equity market. Free cash flow is a measure of profitability that correlates with quality, growth and value factor orientations,2 making FLOW a potentially appealing choice as a portfolio’s core allocation. FLOW may minimize idiosyncratic risks by implementing a sector cap of 25% and an individual constituent cap of 2%.

ETF Objective

The Global X U.S. Cash Flow Kings 100 ETF (FLOW) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Global X U.S. Cash Flow Kings 100 Index.

Trading Details As of 05/08/24

Ticker FLOW
Bloomberg Index Ticker GXFLOWT
CUSIP 37960A578
ISIN US37960A5781
Primary Exchange NYSE Arca
Shares Outstanding 100,000
Number of Holdings 100
30-Day Median Bid-Ask Spread 0.52%

Distributions As of 05/08/24

30-Day SEC Yield 2.29%
Distribution Frequency Monthly

2Global X ETFs, July 2023. "Introducing the U.S. Cash Flow Kings 100 ETF (FLOW)"

ETF Prices As of 05/08/24

NAV $30.00 Daily Change $0.07 0.23%
Market Price $30.03 Daily Change $0.00 0.00%

Performance History

As of recent
(03/31/24)
Fund NAV Market Price Index
Year-to-Date 11.93% 11.90% 12.03%
1 Month 8.01% 8.00% 8.05%
3 Months 11.93% 11.90% 12.03%
Since Inception 25.16% 25.35% 25.45%
Year-to-Date 5.91% 5.90% 6.03%
1 Month -5.37% -5.36% -5.35%
3 Months 6.44% 6.39% 6.53%
Since Inception 18.43% 18.63% 18.73%

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 05/08/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.80 VST Vistra Corp. BZ8VJQ8 89.20 940 83,848.00
2.49 DELL DELL TECHNOLOGIES -C BHKD3S6 131.61 567 74,622.87
2.13 EOG EOG RESOURCES INC 2318024 129.83 492 63,876.36
2.12 CVX CHEVRON CORP 2838555 162.54 392 63,718.61
2.10 XOM EXXON MOBIL CORP 2326618 116.15 543 63,069.45
2.08 CMI CUMMINS INC 2240202 289.06 216 62,436.96
2.08 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 102.18 611 62,431.98
2.07 OXY OCCIDENTAL PETROLEUM CORP 2655408 63.68 974 62,024.32
2.04 LEN LENNAR CORP-A 2511920 158.47 387 61,327.89
2.04 T AT&T INC 2831811 17.11 3,581 61,270.91
2.03 MO ALTRIA GROUP INC 2692632 44.29 1,377 60,987.33
2.00 CSCO CISCO SYSTEMS INC 2198163 48.00 1,248 59,904.00
1.97 HPQ HP INC BYX4D52 29.44 2,007 59,086.08
1.96 LNG CHENIERE ENERGY INC 2654364 156.70 375 58,760.63
1.95 VLO VALERO ENERGY CORP 2041364 157.07 373 58,587.11
1.95 HPE HEWLETT PACKA BYVYWS0 17.18 3,396 58,343.28
1.90 COR CENCORA INC 2795393 223.60 255 57,018.00
1.89 MPC MARATHON PETROLEUM CORP B3K3L40 180.93 313 56,631.09
1.87 MMM 3M CO 2595708 96.35 581 55,979.35
1.86 WBD WARNER BROS DISCOVERY INC BM8JYX3 7.80 7,150 55,770.00
1.82 NUE NUCOR CORP 2651086 169.80 322 54,675.60
1.79 CAH CARDINAL HEALTH INC 2175672 97.44 552 53,786.88
1.77 GILD GILEAD SCIENCES INC 2369174 64.92 819 53,169.48
1.72 BG BUNGE GLOBAL SA BQ6BPG9 105.36 489 51,521.04
1.70 BMY BRISTOL-MYERS SQUIBB CO 2126335 43.67 1,167 50,962.89
1.66 VTRS VIATRIS INC BMWS3X9 11.81 4,210 49,720.10
1.57 PHM PULTEGROUP INC 2708841 115.79 407 47,126.53
1.46 FANG DIAMONDBACK ENERGY INC B7Y8YR3 203.22 216 43,895.52
1.45 THC TENET HEALTHCARE CORP B8DMK08 122.84 355 43,608.20
1.44 CVS CVS HEALTH CORP 2577609 54.91 789 43,323.99
1.34 EBAY EBAY INC 2293819 49.69 809 40,199.21
1.26 STLD STEEL DYNAMICS INC 2849472 130.82 289 37,806.98
1.19 DVN DEVON ENERGY CORP 2480677 50.56 703 35,543.68
1.10 EXPE EXPEDIA GROUP INC B748CK2 111.54 295 32,904.30
1.10 BLDR BUILDERS FIRSTSOURCE INC B0BV2M7 163.46 201 32,855.46
1.07 DVA DAVITA INC 2898087 135.85 237 32,196.45
1.06 SWKS SKYWORKS SOLUTIONS INC 2961053 93.24 341 31,794.84
1.04 SNX TD SYNNEX CORP 2002554 120.98 259 31,333.82
1.00 CLF CLEVELAND-CLIFFS INC BYVZ186 17.24 1,739 29,980.36
1.00 OMC OMNICOM GROUP 2279303 95.07 315 29,947.05
0.98 WLK Westlake Corporation B01ZP20 154.94 189 29,283.66
0.97 ZM ZOOM VIDEO COM-A BGSP7M9 61.23 476 29,145.48
0.97 CSL CARLISLE COS INC 2176318 408.49 71 29,002.79
0.94 OC OWENS CORNING B1FW7Q2 174.63 162 28,290.06
0.94 WSM WILLIAMS-SONOMA INC 2967589 304.92 92 28,052.64
0.92 TOL TOLL BROTHERS INC 2896092 124.05 223 27,663.15
0.87 MRO MARATHON OIL CORP 2910970 26.98 962 25,954.76
0.86 TAP MOLSON COORS-B B067BM3 58.21 445 25,903.45
0.79 RS RELIANCE INC 2729068 292.81 81 23,717.61
0.78 GPS GAP INC/THE 2360326 22.41 1,044 23,396.04
0.77 DINO HF SINCLAIR CORP BMZQ9C1 56.95 406 23,121.70
0.77 TPR TAPESTRY INC BF09HX3 38.98 589 22,959.22
0.77 DKS DICK'S SPORTING GOODS INC 2969637 196.15 117 22,949.55
0.72 SNA SNAP-ON INC 2818740 275.91 78 21,520.98
0.72 BERY BERRY GLOBAL GROUP INC B8BR3H3 61.26 350 21,441.00
0.71 CTRA COTERRA ENERGY INC 2162340 28.07 758 21,277.06
0.71 SKX SKECHERS USA INC-CL A 2428042 66.98 317 21,232.66
0.66 MOS MOSAIC CO/THE B3NPHP6 29.57 666 19,693.62
0.63 VFC VF CORP 2928683 12.59 1,510 19,010.90
0.63 CROX CROCS INC B0T7Z62 135.42 139 18,823.38
0.62 NXST Nexstar Media Group Inc 2949758 166.42 111 18,472.62
0.60 UTHR UNITED THERAPEUTICS CORP 2430412 261.09 69 18,015.21
0.60 DXC DXC TECHNOLOGY CO BYXD7B3 19.90 897 17,850.30
0.59 OVV OVINTIV INC BJ01KB6 50.91 350 17,818.50
0.54 INGR INGREDION INC B7K24P7 118.45 137 16,227.65
0.54 DOCU DOCUSIGN INC BFYT7B7 57.51 281 16,160.31
0.53 THO THOR INDUSTRIES INC 2889876 102.90 155 15,949.50
0.53 DBX DROPBOX INC-CLASS A BG0T321 23.32 677 15,787.64
0.52 DOX AMDOCS LTD 2256908 85.91 181 15,549.71
0.50 MHK MOHAWK INDUSTRIES INC 2598699 118.22 128 15,132.16
0.47 ALSN ALLISON TRANSMIS B4PZ892 75.82 186 14,102.52
0.45 OLN OLIN CORP 2658526 55.39 246 13,625.94
0.45 NWL NEWELL BRANDS INC 2635701 8.05 1,676 13,491.80
0.44 HRB H&R BLOCK INC 2105505 48.53 272 13,200.16
0.42 COLM COLUMBIA SPORTSWEAR CO 2229126 81.93 155 12,699.15
0.42 MSM MSC INDL DIRECT 2567655 91.66 136 12,465.76
0.42 CHRD CHORD ENERGY CORP BLDDYB1 180.22 69 12,435.18
0.41 KRC KILROY REALTY CORP 2495529 33.43 369 12,335.67
0.41 AGCO AGCO CORP 2010278 113.93 107 12,190.51
0.39 VYX NCR VOYIX CORP 2632650 12.62 921 11,623.02
0.39 AYI ACUITY BRANDS INC 2818461 262.27 44 11,539.88
0.38 REYN REYNOLDS CONSUME BKV9674 28.75 397 11,413.75
0.37 RHI ROBERT HALF INC 2110703 70.12 159 11,149.08
0.36 PII POLARIS INC 2692933 84.52 127 10,734.04
0.36 SMG SCOTTS MIRACLE-GRO CO 2781518 66.54 160 10,646.40
0.34 NEU NEWMARKET CORP B01CGF1 562.45 18 10,124.10
0.32 EPR EPR PROPERTIES B8XXZP1 41.41 229 9,482.89
0.31 CBT CABOT CORP 2162500 101.07 92 9,298.44
0.28 MUR MURPHY OIL CORP 2611206 44.60 186 8,295.60
0.27 CASH 1.00 8,196 8,195.98
0.27 TNET TRINET GROUP INC 2693914 103.23 79 8,155.17
0.27 CRI CARTER'S INC 2980939 69.39 115 7,979.85
0.24 RNG RINGCENTRAL INC-CLASS A BDZCRX3 34.38 208 7,151.04
0.22 TDC TERADATA CORP B247H10 32.70 198 6,474.60
0.21 APLE APPLE HOSPITALIT BXRTX56 14.71 426 6,266.46
0.19 LEG LEGGETT & PLATT INC 2510682 13.03 434 5,655.02
0.14 SHOO STEVEN MADDEN LTD 2553911 40.76 105 4,279.80
0.14 YETI YETI HOLDINGS INC BGR7KH2 34.81 119 4,142.39
0.13 IPGP IPG PHOTONICS CORP 2698782 89.17 44 3,923.48
0.11 TDOC TELADOC HEALTH INC BYQRFY1 12.20 267 3,257.40
0.10 OLPX OLAPLEX HOLDINGS INC BNKJ933 1.59 1,921 3,054.39
-0.16 OTHER PAYABLE & RECEIVABLES 1.00 -4,899 -4,899.48
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 04/30/24

Sector Weight (%)
Energy 20.8
Consumer Discretionary 15.7
Information Technology 14.6
Health Care 14.0
Materials 10.6
Industrials 10.0
Consumer Staples 5.6
Communication Services 5.4
Utilities 2.4
Real Estate 0.9

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Oil & Gas Production 9.2
Computer Processing Hardware 6.7
Integrated Oil 5.8
Steel 5.2
Oil Refining/Marketing 5.0
Homebuilding 4.7
Medical Distributors 4.3
Pharmaceuticals: Major 3.6
Information Technology Services 2.7
Trucks/Construction/Farm Machinery 2.7
Electric Utilities 2.6
Other 47.5

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 05/08/24

Return on Equity 17.00%
Weighted Avg. Market Cap 56,878 M
2023 2024
Price-to-earnings 10.89 11.35
Price-to-book value 2.05 1.82

Source: new windowAltaVista Research, LLC

ETF Research

Introducing the U.S. Cash Flow Kings 100 ETF (FLOW)

Read the Full ArticleRead More

ETF Documents

Investing involves risk, including possible loss of principal. There is no assurance that companies with current high free cash flow yields will continue to maintain high free cash flow yields in the future. FLOW 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. The 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, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

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 Global X U.S. Cash Flows Kings 100 Index is owned and was developed by Global X Management Company LLC for use by 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.