AUSF


Adaptive U.S. Factor ETF

Morningstar Rating™ - Overall rating out of 393 Mid-Cap Value funds, based on risk-adjusted returns as of 12/31/2022

Reasons to Consider AUSF

Outperformance Potential

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.

Dynamic Factor Allocation

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.

Tax Efficient

Dynamically allocating across multiple factors within one ETF can result in tax efficiencies compared to buying and selling individual factor ETFs.

Key Information As of 02/02/23

Inception Date 08/24/18
Total Expense Ratio 0.27%
Net Assets $171.77 million
NAV $30.62
Fact Sheet

ETF Summary

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.

ETF Objective

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.

Trading Details As of 02/02/23

Ticker AUSF
Bloomberg Index Ticker AWSUSF
CUSIP 37954Y574
ISIN US37954Y5740
Primary Exchange NYSE Arca
Shares Outstanding 5,610,002
Number of Holdings 174
30-Day Median Bid-Ask Spread 0.26%

Distributions As of 02/02/23

30-Day SEC Yield 2.08%
Distribution Frequency Quarterly

ETF Prices As of 02/02/23

NAV $30.62 Daily Change -$0.33 -1.07%
Market Price $30.60 Daily Change -$0.33 -1.07%

Performance History

As of recent
(12/31/22)
As of recent
(12/31/22)
Fund NAV Market Price Index
1 Year -0.09% -0.18% 0.19%
3 Years 8.83% 8.81% 9.14%
Since Inception 8.54% 8.52% 8.88%
1 Year 3.68% 3.62% 3.96%
3 Years 8.77% 8.71% 9.10%
Since Inception 8.34% 8.31% 8.68%
Year-to-Date -0.09% -0.18% 0.19%
1 Month -3.35% -3.23% -3.33%
3 Months 10.59% 10.48% 10.84%
Since Inception 42.91% 42.81% 44.85%
Year-to-Date -0.13% -0.19% -0.10%
1 Month -0.13% -0.19% -0.10%
3 Months -0.98% -1.14% -0.89%
Since Inception 42.72% 42.54% 44.71%

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 02/02/23

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
3.81 MRK MERCK & CO. INC. 2778844 103.46 63,227 6,541,465.42
3.31 LMT LOCKHEED MARTIN CORP 2522096 457.19 12,424 5,680,128.56
3.01 BMY BRISTOL-MYERS SQUIBB CO 2126335 72.77 70,948 5,162,885.96
2.75 CVX CHEVRON CORP 2838555 169.01 27,966 4,726,533.66
2.65 XOM EXXON MOBIL CORP 2326618 111.15 40,891 4,545,034.65
2.56 ABBV ABBVIE INC B92SR70 144.84 30,372 4,399,080.48
2.49 UNH UNITEDHEALTH GROUP INC 2917766 470.83 9,097 4,283,140.51
2.44 LLY ELI LILLY & CO 2516152 330.70 12,676 4,191,953.20
1.73 DOX AMDOCS LTD 2256908 94.26 31,502 2,969,378.52
1.71 FHN FIRST HORIZON CORP 2341484 24.72 118,506 2,929,468.32
1.59 CSCO CISCO SYSTEMS INC 2198163 49.32 55,388 2,731,736.16
1.58 VZ VERIZON COMMUNIC 2090571 41.83 64,992 2,718,615.36
1.58 COP CONOCOPHILLIPS 2685717 111.30 24,340 2,709,042.00
1.57 MMC MARSH & MCLENNAN COS 2567741 175.32 15,388 2,697,824.16
1.57 ATVI ACTIVISION BLIZZARD INC 2575818 77.11 34,878 2,689,442.58
1.56 GILD GILEAD SCIENCES INC 2369174 81.39 32,986 2,684,730.54
1.56 PNM PNM RESOURCES INC 2707826 49.04 54,715 2,683,223.60
1.56 AMGN AMGEN INC 2023607 246.53 10,855 2,676,083.15
1.55 LHCG LHC GROUP INC B06DT50 160.32 16,563 2,655,380.16
1.54 WMT WALMART INC 2936921 143.62 18,444 2,648,927.28
1.54 TGNA TEGNA INC BZ0P3Z5 20.36 129,820 2,643,135.20
1.53 AJG ARTHUR J GALLAGHER & CO 2359506 194.68 13,530 2,634,020.40
1.53 CI CIGNA CORP BHJ0775 301.53 8,689 2,619,994.17
1.52 PINC PREMIER INC-CLASS A BDZDRC5 33.76 77,497 2,616,298.72
1.52 FLO FLOWERS FOODS INC 2744243 27.60 94,776 2,615,817.60
1.50 MCD MCDONALD'S CORP 2550707 263.21 9,764 2,569,982.44
1.48 JNJ JOHNSON & JOHNSON 2475833 165.54 15,302 2,533,093.08
1.47 IBM IBM 2005973 136.39 18,501 2,523,351.39
1.47 T AT&T INC 2831811 20.28 124,285 2,520,499.80
1.45 JKHY JACK HENRY 2469193 182.47 13,618 2,484,876.46
1.43 TMUS T-MOBILE US INC B94Q9V0 146.95 16,681 2,451,272.95
1.41 WM WASTE MANAGEMENT INC 2937667 150.34 16,124 2,424,082.16
1.39 RSG REPUBLIC SERVICES INC 2262530 122.54 19,426 2,380,462.04
1.36 FCN FTI CONSULTING INC 2351449 161.04 14,456 2,327,994.24
1.24 BRK/B BERKSHIRE HATH-B 2073390 311.86 6,825 2,128,444.50
1.16 MCK MCKESSON CORP 2378534 366.48 5,427 1,988,886.96
1.12 EA ELECTRONIC ARTS INC 2310194 115.99 16,518 1,915,922.82
1.10 PSA PUBLIC STORAGE 2852533 311.46 6,059 1,887,136.14
1.03 VRTX VERTEX PHARM 2931034 303.78 5,817 1,767,088.26
0.98 NOC NORTHROP GRUMMAN CORP 2648806 440.86 3,810 1,679,676.60
0.96 PGR PROGRESSIVE CORP 2705024 134.97 12,272 1,656,351.84
0.92 ROG ROGERS CORP 2746700 143.76 11,029 1,585,529.04
0.91 OXY OCCIDENTAL PETROLEUM CORP 2655408 62.47 25,097 1,567,809.59
0.91 KO COCA-COLA CO/THE 2206657 60.28 25,912 1,561,975.36
0.90 MPC MARATHON PETROLEUM CORP B3K3L40 119.90 12,950 1,552,705.00
0.90 HUM HUMANA INC 2445063 489.77 3,144 1,539,836.88
0.85 PEP PEPSICO INC 2681511 169.97 8,557 1,454,433.29
0.81 AZO AUTOZONE INC 2065955 2,443.55 571 1,395,267.05
0.77 REGN REGENERON PHARMACEUTICALS 2730190 751.20 1,757 1,319,858.40
0.76 EOG EOG RESOURCES INC 2318024 124.75 10,421 1,300,019.75
0.67 VLO VALERO ENERGY CORP 2041364 133.05 8,611 1,145,693.55
0.66 HSY HERSHEY CO/THE 2422806 234.42 4,843 1,135,296.06
0.63 GIS GENERAL MILLS INC 2367026 75.90 14,219 1,079,222.10
0.60 ADM ARCHER-DANIELS-MIDLAND CO 2047317 82.31 12,427 1,022,866.37
0.58 SRE SEMPRA ENERGY 2138158 161.13 6,207 1,000,133.91
0.56 ENPH ENPHASE ENERGY INC B65SQW4 227.70 4,221 961,121.70
0.55 CTVA CORTEVA INC BK73B42 62.00 15,185 941,470.00
0.55 NFG NATIONAL FUEL GAS CO 2626103 57.98 16,169 937,478.62
0.52 HES HESS CORP 2023748 138.78 6,457 896,102.46
0.50 ED CONSOLIDATED EDISON INC 2216850 95.16 9,032 859,485.12
0.49 LNG CHENIERE ENERGY INC 2654364 149.28 5,686 848,806.08
0.48 ABC AMERISOURCEBERGEN CORP 2795393 158.47 5,195 823,251.65
0.46 QGEN QIAGEN N.V. BYXS688 49.39 15,970 788,758.30
0.42 CAH CARDINAL HEALTH INC 2175672 76.28 9,442 720,235.76
0.40 VICI VICI PROPERTIES INC BYWH073 34.55 20,029 692,001.95
0.39 DVN DEVON ENERGY CORP 2480677 60.95 10,940 666,793.00
0.39 ALNY ALNYLAM PHARMACE B00FWN1 229.75 2,878 661,220.50
0.37 GPC GENUINE PARTS CO 2367480 170.75 3,727 636,385.25
0.36 STLD STEEL DYNAMICS INC 2849472 125.85 4,926 619,937.10
0.31 FSLR FIRST SOLAR INC B1HMF22 168.67 3,198 539,406.66
0.31 ACGL ARCH CAPITAL GROUP LTD 2740542 61.35 8,619 528,775.65
0.31 TPL TEXAS PACIFIC LAND CORP BM99VY2 1,933.88 271 524,081.48
0.29 CASH 1.00 496,415 496,415.18
0.27 PWR QUANTA SERVICES INC 2150204 151.68 3,073 466,112.64
0.27 WRB WR BERKLEY CORP 2093644 66.59 6,840 455,475.60
0.25 YUM YUM! BRANDS INC 2098876 128.21 3,402 436,170.42
0.21 DGX QUEST DIAGNOSTICS INC 2702791 145.47 2,484 361,347.48
0.21 MRO MARATHON OIL CORP 2910970 26.19 13,589 355,895.91
0.21 WTM WHITE MOUNTAINS 2339252 1,443.19 245 353,581.55
0.21 SRPT SAREPTA THERAPEUTICS INC B8DPDT7 120.25 2,935 352,933.75
0.21 AES AES CORP 2002479 26.52 13,303 352,795.56
0.20 CF CF INDUSTRIES HO B0G4K50 85.03 4,041 343,606.23
0.19 DG DOLLAR GENERAL CORP B5B1S13 231.31 1,395 322,677.45
0.18 CTRA COTERRA ENERGY INC 2162340 24.73 12,645 312,710.85
0.17 GLPI GAMING AND LEISU BFPK4S5 53.77 5,554 298,638.58
0.17 IRM IRON MOUNTAIN INC BVFTF03 56.63 5,262 297,987.06
0.17 LPLA LPL FINANCIAL HO B75JX34 224.53 1,324 297,277.72
0.17 TRGP TARGA RESOURCES CORP B55PZY3 74.77 3,926 293,547.02
0.16 LW LAMB WESTON HOLDINGS INC BDQZFJ3 97.08 2,853 276,969.24
0.16 NBIX NEUROCRINE BIOSC 2623911 108.00 2,524 272,592.00
0.15 CHK CHESAPEAKE ENERGY CORP BMZ5LZ5 85.48 3,097 264,731.56
0.15 SAIC SCIENCE APPLICATIONS INTE BDTZZG7 104.44 2,500 261,100.00
0.15 EQT EQT CORP 2319414 31.84 8,178 260,387.52
0.15 UTHR UNITED THERAPEUTICS CORP 2430412 259.48 979 254,030.92
0.15 ADP AUTOMATIC DATA PROCESSING 2065308 228.99 1,106 253,262.94
0.15 APA APA CORP BNNF1C1 42.36 5,959 252,423.24
0.14 CPB CAMPBELL SOUP CO 2162845 50.38 4,712 237,390.56
0.13 APD AIR PRODS & CHEM 2011602 295.50 773 228,421.50
0.13 HALO HALOZYME THERAPEUTICS INC 2975098 52.87 4,244 224,380.28
0.13 HRB H&R BLOCK INC 2105505 39.09 5,658 221,171.22
0.13 ACHC ACADIA HEALTHCARE CO INC B65VZ37 81.72 2,688 219,663.36
0.12 CVBF CVB FINANCIAL CORP 2160645 25.34 8,114 205,608.76
0.11 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 805.66 241 194,164.06
0.11 CASY CASEY'S GENERAL 2179414 224.27 853 191,302.31
0.11 CACI CACI INTL-A 2159267 303.72 628 190,736.16
0.11 AR ANTERO RESOURCES CORP BFD2WR8 28.15 6,769 190,547.35
0.11 ESS ESSEX PROPERTY TRUST INC 2316619 236.93 803 190,254.79
0.11 LHX L3HARRIS TECHNOLOGIES INC BK9DTN5 212.04 881 186,807.24
0.11 NDAQ NASDAQ INC 2965107 60.57 3,081 186,616.17
0.11 HRL HORMEL FOODS CORP 2437264 45.34 4,062 184,171.08
0.10 UNM UNUM GROUP 2433842 40.94 4,378 179,235.32
0.10 VMI VALMONT INDUSTRIES 2926825 322.97 549 177,310.53
0.10 PAYX PAYCHEX INC 2674458 120.60 1,469 177,161.40
0.10 WSC WILLSCOT MOBILE BMHL0Z4 47.32 3,683 174,279.56
0.10 ERIE ERIE INDEMNITY-A 2311711 243.83 711 173,363.13
0.10 SUI SUN COMMUNITIES INC 2860257 163.01 1,058 172,464.58
0.10 FR FIRST IND REALTY 2360757 54.94 3,097 170,149.18
0.10 FDS FACTSET RESEARCH 2329770 433.30 392 169,853.60
0.10 AON AON PLC-CLASS A BLP1HW5 323.00 524 169,252.00
0.10 DINO HF SINCLAIR CORP BMZQ9C1 54.05 3,026 163,555.30
0.09 ICE INTERCONTINENTAL BFSSDS9 108.33 1,494 161,845.02
0.09 MUSA MURPHY USA INC BCZWJ63 260.86 619 161,472.34
0.09 ELS EQUITY LIFESTYLE 2563125 73.48 2,186 160,627.28
0.09 GEN GEN DIGITAL INC BJN4XN5 23.57 6,801 160,299.57
0.09 SON SONOCO PRODUCTS CO 2821395 62.15 2,498 155,250.70
0.09 LDOS LEIDOS HOLDINGS INC BDV82B8 97.93 1,571 153,848.03
0.09 DPZ DOMINO'S PIZZA INC B01SD70 360.47 426 153,560.22
0.09 AKAM AKAMAI TECHNOLOGIES INC 2507457 91.28 1,682 153,532.96
0.09 DLR DIGITAL REALTY TRUST INC B03GQS4 119.92 1,270 152,298.40
0.09 KNSL KINSALE CAPITAL GROUP INC BD1MGQ3 283.00 538 152,254.00
0.09 MAA MID-AMERICA APAR 2589132 174.11 873 151,998.03
0.09 STZ CONSTELLATION-A 2170473 232.45 648 150,627.60
0.09 GD GENERAL DYNAMICS CORP 2365161 231.41 649 150,185.09
0.09 MDLZ MONDELEZ INTER-A B8CKK03 66.66 2,224 148,251.84
0.09 HE HAWAIIAN ELECTRIC INDS 2415204 43.42 3,404 147,801.68
0.09 ALL ALLSTATE CORP 2019952 131.89 1,113 146,793.57
0.09 KR KROGER CO 2497406 44.97 3,243 145,837.71
0.08 EME EMCOR GROUP INC 2474164 149.58 965 144,344.70
0.08 CPT CAMDEN PROPERTY TRUST 2166320 126.31 1,139 143,867.09
0.08 PBF PBF ENERGY INC-CLASS A B7F4TJ7 39.96 3,600 143,856.00
0.08 INVH INVITATION HOMES INC BD81GW9 33.91 4,209 142,727.19
0.08 COST COSTCO WHOLESALE CORP 2701271 523.43 270 141,326.10
0.08 IRDM IRIDIUM COMMUNIC B2QH310 60.44 2,338 141,308.72
0.08 PG PROCTER & GAMBLE CO/THE 2704407 142.17 992 141,032.64
0.08 DLB DOLBY LABORATO-A B04NJM9 82.67 1,695 140,125.65
0.08 NLY ANNALY CAPITAL M BPMQ7X2 24.12 5,738 138,400.56
0.08 AGNC AGNC INVESTMENT CORP BYYHJL8 12.14 11,399 138,383.86
0.08 BKI BLACK KNIGHT INC BDG75V1 61.60 2,213 136,320.80
0.08 CVS CVS HEALTH CORP 2577609 86.18 1,566 134,957.88
0.08 CMC COMMERCIAL METALS CO 2213260 56.04 2,378 133,263.12
0.08 CHD CHURCH & DWIGHT CO INC 2195841 79.81 1,651 131,766.31
0.08 HON HONEYWELL INTL 2020459 207.38 634 131,478.92
0.08 SO SOUTHERN CO/THE 2829601 68.62 1,912 131,201.44
0.08 ADC AGREE REALTY CORP 2062161 74.71 1,756 131,190.76
0.08 AEE AMEREN CORPORATION 2050832 86.73 1,494 129,574.62
0.08 DUK DUKE ENERGY CORP B7VD3F2 102.04 1,266 129,182.64
0.08 TRV TRAVELERS COS INC/THE 2769503 181.75 705 128,133.75
0.07 BDX BECTON DICKINSON AND CO 2087807 248.47 511 126,968.17
0.07 RLI RLI CORP 2719070 130.29 970 126,381.30
0.07 EXLS EXLSERVICE HOLDINGS INC B07LST0 173.13 693 119,979.09
0.07 NJR NEW JERSEY RESOURCES CORP 2630513 52.24 2,293 119,786.32
0.07 HAS HASBRO INC 2414580 63.25 1,874 118,530.50
0.07 LNTH LANTHEUS HOLDINGS INC BP8S8J5 60.66 1,912 115,981.92
0.07 FLR FLUOR CORP 2696838 36.16 3,180 114,988.80
0.07 HAE HAEMONETICS CORP/MASS 2401195 86.37 1,302 112,453.74
0.06 HII HUNTINGTON INGAL B40SSC9 217.71 506 110,161.26
0.06 SWN SOUTHWESTERN ENERGY CO 2828619 5.34 19,917 106,356.78
0.06 POST POST HOLDINGS INC B6T0518 94.06 1,112 104,594.72
0.06 SLGN SILGAN HOLDINGS INC 2809324 55.19 1,862 102,763.78
0.06 CELH CELSIUS HOLDINGS INC B19HX21 94.13 1,091 102,695.83
0.06 HP HELMERICH & PAYNE 2420101 46.01 2,232 102,694.32
0.06 IONS IONIS PHARMACEUTICALS INC BDJ0LS6 41.20 2,468 101,681.60
0.05 MUR MURPHY OIL CORP 2611206 41.40 2,210 91,494.00
0.05 APLS APELLIS PHARMACE BYTQ6X1 56.73 1,611 91,392.03
0.05 KRTX KARUNA THERAPEUTICS INC BJMLSD2 194.56 462 89,886.72
Holdings are subject to change. "Cash" denotes U.S. dollars.

Sector Breakdown As of 12/31/22

Sector Weight (%)
Health Care 30.7
Energy 14.4
Consumer Staples 11.3
Financials 9.0
Information Technology 8.3
Industrials 7.5
Utilities 6.3
Communication Services 5.3
Consumer Discretionary 3.9
Real Estate 2.0
Materials 1.3

Source: AltaVista Research, LLC

ETF Characteristics As of 02/02/23

Return on Equity 21.70%
Weighted Avg. Market Cap 144,749 M
2022 2023
Price-to-earnings 14.43 14.43
Price-to-book value 3.37 2.93

Source: AltaVista Research, LLC

ETF Risk Stats As of 01/31/23

Versus Beta
S&P 500 0.93
MSCI EAFE 0.91
MSCI Emg. Mkts 0.71
Standard Deviation 22.80%

Source: AltaVista Research, LLC

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. Read MoreExchange-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 12/31, AUSF was rated against the following number of Mid-Cap Value funds over the following time periods: 393 during the last 3 years. With respect to these Mid-Cap Value funds, AUSF received a Morningstar Rating of 4 stars. Past performance is not indicative of future results.

© 2022 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.

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