AUSF


Adaptive U.S. Factor ETF

Morningstar Rating™ - Overall rating out of 385 Mid-Cap Value funds, based on risk-adjusted returns as of 01/31/2025

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 02/11/25

Inception Date 08/24/18
Total Expense Ratio 0.27%
Net Assets $437.21 million
NAV $43.46
Fact Sheet View the document

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 02/10/25

Ticker AUSF
Bloomberg Index Ticker AWSUSF
CUSIP 37954Y574
ISIN US37954Y5740
Primary Exchange NYSE Arca
Shares Outstanding 10,060,002
Number of Holdings 194
30-Day Median Bid-Ask Spread 0.25%

Distributions As of 02/11/25

30-Day SEC Yield 2.54%
Distribution Frequency Quarterly

ETF Prices As of 02/11/25

NAV $43.46 Daily Change $0.18 0.42%
Market Price $43.58 Daily Change $0.21 0.48%

Performance History

As of recent
(12/31/24)
As of recent
(12/31/24)
Fund NAV Market Price Index
1 Year 16.15% 16.06% 16.54%
3 Years 12.33% 12.29% 12.70%
5 Years 12.83% 12.81% 13.19%
Since Inception 11.76% 11.74% 12.12%
1 Year 18.53% 18.56% 18.96%
3 Years 15.20% 15.28% 15.58%
5 Years 13.67% 13.69% 14.04%
Since Inception 12.24% 12.26% 12.61%
Year-to-Date 16.15% 16.06% 16.54%
1 Month -6.24% -6.25% -6.25%
3 Months -0.50% -0.67% -0.45%
Since Inception 102.75% 102.59% 106.98%
Year-to-Date 3.81% 4.02% 3.84%
1 Month 3.81% 4.02% 3.84%
3 Months 3.48% 3.08% 3.55%
Since Inception 110.47% 110.75% 114.93%

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 02/11/25

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.12 T AT&T INC 2831811 25.15 368,213 9,260,556.95
1.82 VZ VERIZON COMMUNIC 2090571 40.49 196,438 7,953,774.62
1.77 TMUS T-MOBILE US INC B94Q9V0 258.70 29,895 7,733,836.50
1.73 EDR ENDEAVOR GROUP-A BJQ05Y5 34.56 219,065 7,570,886.40
1.63 WMT WALMART INC 2936921 102.47 69,723 7,144,515.81
1.61 V VISA INC-CLASS A SHARES B2PZN04 350.72 20,126 7,058,590.72
1.58 BSX BOSTON SCIENTIFIC CORP 2113434 105.98 64,988 6,887,428.24
1.56 RSG REPUBLIC SERVICES INC 2262530 223.25 30,583 6,827,654.75
1.55 RTX RTX CORPORATION BM5M5Y3 129.11 52,352 6,759,166.72
1.55 CME CME GROUP INC 2965839 241.74 27,934 6,752,765.16
1.52 ICE INTERCONTINENTAL BFSSDS9 166.94 39,894 6,659,904.36
1.52 BRK/B BERKSHIRE HATH-B 2073390 472.61 14,047 6,638,752.67
1.51 CSCO CISCO SYSTEMS INC 2198163 62.43 105,663 6,596,541.09
1.50 K KELLANOVA 2486813 82.20 79,728 6,553,641.60
1.49 COR CENCORA INC 2795393 246.75 26,314 6,492,979.50
1.48 ADP AUTOMATIC DATA PROCESSING 2065308 305.78 21,202 6,483,147.56
1.48 HCP HASHICORP INC-CL A BP0PQT0 34.11 189,998 6,480,831.78
1.46 MMC MARSH & MCLENNAN COS 2567741 228.00 28,075 6,401,100.00
1.45 ACI ALBERTSONS COS-A BYNQ369 21.29 297,404 6,331,731.16
1.45 WM WASTE MANAGEMENT INC 2937667 226.75 27,923 6,331,540.25
1.40 LIN LINDE PLC BNZHB81 460.74 13,233 6,096,972.42
1.39 JNPR JUNIPER NETWORKS INC 2431846 36.10 167,904 6,061,334.40
1.38 JNJ JOHNSON & JOHNSON 2475833 156.13 38,566 6,021,309.58
1.34 LMT LOCKHEED MARTIN CORP 2522096 449.36 13,079 5,877,179.44
1.31 DOX AMDOCS LTD 2256908 86.32 66,340 5,726,468.80
1.24 GD GENERAL DYNAMICS CORP 2365161 256.99 21,099 5,422,232.01
1.16 EA ELECTRONIC ARTS INC 2310194 133.35 38,016 5,069,433.60
1.12 KO COCA-COLA CO/THE 2206657 67.60 72,666 4,912,221.60
1.07 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 474.58 9,873 4,685,528.34
0.95 CBOE CBOE GLOBAL MARKETS INC B5834C5 208.00 19,967 4,153,136.00
0.91 MRK MERCK & CO. INC. 2778844 86.54 45,697 3,954,618.38
0.76 MCD MCDONALD'S CORP 2550707 310.21 10,771 3,341,271.91
0.61 MO ALTRIA GROUP INC 2692632 53.85 49,146 2,646,512.10
0.59 UNM UNUM GROUP 2433842 75.16 34,261 2,575,056.76
0.58 LNC LINCOLN NATIONAL CORP 2516378 38.38 65,543 2,515,540.34
0.57 CASH 1.00 2,494,313 2,494,313.39
0.56 DTM DT MIDSTREAM INC BN7L880 99.95 24,355 2,434,282.25
0.55 FOXA FOX CORP - CLASS A BJJMGL2 53.39 45,088 2,407,248.32
0.54 NOV NOV INC BN2RYW9 16.30 145,236 2,367,346.80
0.54 EMN EASTMAN CHEMICAL CO 2298386 100.75 23,476 2,365,207.00
0.54 KMI KINDER MORGAN INC B3NQ4P8 26.79 87,419 2,341,955.01
0.53 X UNITED STATES STEEL CORP 2824770 39.26 59,433 2,333,339.58
0.53 RPRX ROYALTY PHARMA PLC- CL A BMVP7Y0 32.25 72,119 2,325,837.75
0.53 CMA COMERICA INC 2212870 67.07 34,539 2,316,530.73
0.53 UGI UGI CORP 2910118 32.14 71,668 2,303,409.52
0.53 LAD LITHIA MOTORS INC 2515030 368.69 6,240 2,300,625.60
0.53 TSN TYSON FOODS INC-CL A 2909730 58.77 39,021 2,293,264.17
0.52 RITM RITHM CAPITAL CORP BRJ9GW0 11.85 192,592 2,282,215.20
0.52 BBY BEST BUY CO INC 2094670 88.01 25,909 2,280,251.09
0.52 AGNC AGNC INVESTMENT CORP BYYHJL8 10.18 223,271 2,272,898.78
0.52 OZK BANK OZK BZ56Q65 53.10 42,543 2,259,033.30
0.52 MDT MEDTRONIC PLC BTN1Y11 91.20 24,748 2,257,017.60
0.52 CVS CVS HEALTH CORP 2577609 55.00 40,964 2,253,020.00
0.51 STWD STARWOOD PROPERT B3PQ520 19.65 114,116 2,242,379.40
0.51 LEA LEAR CORP B570P91 97.38 23,019 2,241,590.22
0.51 THC TENET HEALTHCARE CORP B8DMK08 138.83 16,124 2,238,494.92
0.51 BKR BAKER HUGHES CO BDHLTQ5 47.11 47,314 2,228,962.54
0.51 VNOM VIPER ENERGY INC BR1YSF0 51.14 43,555 2,227,402.70
0.51 VICI VICI PROPERTIES INC BYWH073 30.00 73,675 2,210,250.00
0.50 WPC WP CAREY INC B826YT8 56.14 39,279 2,205,123.06
0.50 KHC KRAFT HEINZ CO/THE BYRY499 29.58 74,534 2,204,715.72
0.50 UBSI UNITED BANKSHARES INC 2905794 38.99 56,543 2,204,611.57
0.50 BEN FRANKLIN RESOURCES INC 2350684 20.19 109,182 2,204,384.58
0.50 LBRDK LIBERTY BROADBAND-C BRTLC06 78.53 28,042 2,202,138.26
0.50 FNB FNB CORP 2041308 15.77 139,444 2,199,031.88
0.50 ESNT ESSENT GROUP LTD BFWGXR8 58.10 37,755 2,193,565.50
0.50 BR BROADRIDGE FINL B1VP7R6 241.57 9,071 2,191,281.47
0.50 SNX TD SYNNEX CORP 2002554 143.03 15,280 2,185,498.40
0.50 PB PROSPERITY BANCSHARES INC 2310257 79.55 27,465 2,184,840.75
0.50 WBS WEBSTER FINANCIAL CORP 2945143 59.85 36,502 2,184,644.70
0.50 TFC TRUIST FINANCIAL CORP BKP7287 47.34 46,127 2,183,652.18
0.50 MTG MGIC INVESTMENT CORP 2548616 24.73 88,179 2,180,666.67
0.50 M MACY'S INC 2345022 14.67 148,537 2,179,037.79
0.50 CFG CITIZENS FINANCIAL GROUP BQRX1X3 47.17 46,176 2,178,121.92
0.50 RF REGIONS FINANCIAL CORP B01R311 24.39 89,172 2,174,905.08
0.50 WU WESTERN UNION CO B1F76F9 10.26 211,576 2,170,769.76
0.50 HPQ HP INC BYX4D52 33.15 65,403 2,168,109.45
0.50 HBAN HUNTINGTON BANCSHARES INC 2445966 16.86 128,579 2,167,841.94
0.49 CADE CADENCE BANK BMCS168 35.59 60,340 2,147,500.60
0.49 C CITIGROUP INC 2297907 81.11 26,475 2,147,387.25
0.49 CIVI CIVITAS RESOURCES INC BMG9GG2 51.58 41,495 2,140,312.10
0.49 SON SONOCO PRODUCTS CO 2821395 47.58 44,856 2,134,248.48
0.49 TAP MOLSON COORS-B B067BM3 54.00 39,450 2,130,300.00
0.49 RDN RADIAN GROUP INC 2173911 32.58 65,266 2,126,366.28
0.49 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 76.42 27,810 2,125,240.20
0.49 NXST Nexstar Media Group Inc 2949758 151.20 14,040 2,122,848.00
0.49 AM ANTERO MIDSTREAM CORP BJBT0Q4 16.11 131,597 2,120,027.67
0.49 ZION ZIONS BANCORP NA 2989828 56.84 37,289 2,119,506.76
0.48 OMF ONEMAIN HOLDINGS INC BYSZB89 55.67 37,984 2,114,569.28
0.48 BIIB BIOGEN INC 2455965 139.39 15,167 2,114,128.13
0.48 CTRE CARETRUST REIT INC BMP8TL6 25.75 81,961 2,110,495.75
0.48 AL AIR LEASE CORP B3XS562 45.80 46,079 2,110,418.20
0.48 COLB COLUMBIA BANKING 2176608 27.99 75,331 2,108,514.69
0.48 CAG CONAGRA BRANDS INC 2215460 24.91 84,539 2,105,866.49
0.48 MOS MOSAIC CO/THE B3NPHP6 26.95 78,037 2,103,097.15
0.48 SLG SL GREEN REALTY CORP BPGKM57 64.45 32,405 2,088,502.25
0.48 IPG INTERPUBLIC GRP 2466321 27.17 76,784 2,086,221.28
0.47 NE NOBLE CORP PLC BN2QTL0 31.72 65,349 2,072,870.28
0.47 CMCSA COMCAST CORP-CLASS A 2044545 35.23 58,771 2,070,502.33
0.47 VTRS VIATRIS INC BMWS3X9 10.61 194,608 2,064,790.88
0.47 ACHC ACADIA HEALTHCARE CO INC B65VZ37 41.98 49,018 2,057,775.64
0.47 PRU PRUDENTIAL FINANCIAL INC 2819118 111.64 18,414 2,055,738.96
0.47 UMBF UMB FINANCIAL CORP 2918510 114.17 17,991 2,054,032.47
0.47 KBH KB HOME 2485070 64.22 31,973 2,053,306.06
0.47 AFG AMER FINL GROUP 2134532 127.13 16,142 2,052,132.46
0.47 DOW DOW INC BHXCF84 38.63 53,104 2,051,407.52
0.47 ELAN ELANCO ANIMAL HEALTH INC BF5L3T2 11.41 179,045 2,042,903.45
0.47 OGN ORGANON & CO BLDC8J4 14.95 136,548 2,041,392.60
0.47 CHRD CHORD ENERGY CORP BLDDYB1 114.41 17,791 2,035,468.31
0.46 KRC KILROY REALTY CORP 2495529 35.82 56,594 2,027,197.08
0.46 HOG HARLEY-DAVIDSON INC 2411053 26.23 76,633 2,010,083.59
0.46 BWA BORGWARNER INC 2111955 29.44 68,198 2,007,749.12
0.46 EG EVEREST GROUP LTD 2556868 335.63 5,968 2,003,039.84
0.46 SIG SIGNET JEWELERS LTD B3CTNK6 54.91 36,458 2,001,908.78
0.46 ADM ARCHER-DANIELS-MIDLAND CO 2047317 46.44 43,011 1,997,430.84
0.46 GAP GAP INC/THE 2360326 22.70 87,991 1,997,395.70
0.46 F FORD MOTOR CO 2615468 9.21 216,121 1,990,474.41
0.45 CE CELANESE CORP B05MZT4 66.81 29,735 1,986,595.35
0.45 AVT AVNET INC 2066505 49.80 39,869 1,985,476.20
0.45 MTH MERITAGE HOMES CORP 2601326 75.21 26,361 1,982,610.81
0.45 FANG DIAMONDBACK ENERGY INC B7Y8YR3 162.01 12,178 1,972,957.78
0.45 RNR RENAISSANCERE 2728429 235.02 8,393 1,972,522.86
0.45 ARW ARROW ELECTRONICS INC 2051404 107.61 18,203 1,958,824.83
0.45 CNC CENTENE CORP 2807061 57.39 34,117 1,957,974.63
0.45 BG BUNGE GLOBAL SA BQ6BPG9 69.92 27,936 1,953,285.12
0.44 GM GENERAL MOTORS CO B665KZ5 46.70 41,078 1,918,342.60
0.43 HPE HEWLETT PACKA BYVYWS0 21.18 88,624 1,877,056.32
0.41 HII HUNTINGTON INGAL B40SSC9 167.77 10,635 1,784,233.95
0.40 PVH PVH CORP B3V9F12 78.55 22,451 1,763,526.05
0.37 WHR WHIRLPOOL CORP 2960384 99.52 16,329 1,625,062.08
0.35 SWKS SKYWORKS SOLUTIONS INC 2961053 65.23 23,492 1,532,383.16
0.33 FMC FMC CORP 2328603 36.45 39,537 1,441,123.65
0.29 YUM YUM! BRANDS INC 2098876 146.65 8,746 1,282,600.90
0.18 PG PROCTER & GAMBLE CO/THE 2704407 169.43 4,738 802,759.34
0.18 PGR PROGRESSIVE CORP 2705024 257.57 3,103 799,239.71
0.16 ABBV ABBVIE INC B92SR70 191.83 3,719 713,415.77
0.16 COST COSTCO WHOLESALE CORP 2701271 1,058.34 644 681,570.96
0.14 KR KROGER CO 2497406 65.05 9,209 599,045.45
0.14 SNA SNAP-ON INC 2818740 337.34 1,765 595,405.10
0.14 TW TRADEWEB MARKE-A BJXMVK2 124.45 4,755 591,759.75
0.12 GRMN GARMIN LTD B3Z5T14 211.57 2,379 503,325.03
0.10 SO SOUTHERN CO/THE 2829601 86.45 5,234 452,479.30
0.10 DUK DUKE ENERGY CORP B7VD3F2 116.69 3,827 446,572.63
0.10 WMB WILLIAMS COS INC 2967181 55.24 8,073 445,952.52
0.10 AFL AFLAC INC 2026361 102.99 4,308 443,680.92
0.10 MA MASTERCARD INC - A B121557 564.70 780 440,466.00
0.10 GDDY GODADDY INC - CLASS A BWFRFC6 206.26 2,113 435,827.38
0.10 AAPL APPLE INC 2046251 232.62 1,870 434,999.40
0.10 WRB WR BERKLEY CORP 2093644 61.20 6,994 428,032.80
0.10 MCK MCKESSON CORP 2378534 610.41 700 427,287.00
0.10 ORI OLD REPUBLIC INTL CORP 2659109 36.19 11,475 415,280.25
0.10 VRSN VERISIGN INC 2142922 227.38 1,822 414,286.36
0.09 FI FISERV INC 2342034 229.89 1,708 392,652.12
0.09 CAH CARDINAL HEALTH INC 2175672 128.39 3,030 389,021.70
0.09 NOC NORTHROP GRUMMAN CORP 2648806 473.84 811 384,284.24
0.09 VRSK VERISK ANALYTICS INC B4P9W92 294.30 1,303 383,472.90
0.09 ROP ROPER TECHNOLOGIES INC 2749602 581.35 650 377,877.50
0.09 ED CONSOLIDATED EDISON INC 2216850 96.31 3,858 371,563.98
0.08 PKG PACKAGING CORP OF AMERICA 2504566 208.25 1,764 367,353.00
0.08 AMGN AMGEN INC 2023607 296.66 1,208 358,365.28
0.08 TJX TJX COMPANIES INC 2989301 124.68 2,860 356,584.80
0.08 DGX QUEST DIAGNOSTICS INC 2702791 166.93 2,133 356,061.69
0.08 IBM IBM 2005973 254.70 1,397 355,815.90
0.08 CVX CHEVRON CORP 2838555 157.44 2,242 352,980.48
0.08 AME AMETEK INC 2089212 185.32 1,903 352,663.96
0.08 PNW PINNACLE WEST CAPITAL 2048804 89.16 3,955 352,627.80
0.08 AJG ARTHUR J GALLAGHER & CO 2359506 322.00 1,095 352,590.00
0.08 CHE CHEMED CORP 2190084 553.87 633 350,599.71
0.08 XOM EXXON MOBIL CORP 2326618 110.68 3,153 348,974.04
0.08 WELL WELLTOWER INC BYVYHH4 143.40 2,417 346,597.80
0.08 ECL ECOLAB INC 2304227 261.23 1,302 340,121.46
0.08 CL COLGATE-PALMOLIVE CO 2209106 87.37 3,871 338,209.27
0.08 AON AON PLC-CLASS A BLP1HW5 384.20 873 335,406.60
0.08 CI THE CIGNA GROUP BHJ0775 295.24 1,130 333,621.20
0.08 PPL PPL CORP 2680905 34.52 9,642 332,841.84
0.08 EVRG EVERGY INC BFMXGR0 66.22 4,978 329,643.16
0.08 L LOEWS CORP 2523022 84.85 3,879 329,133.15
0.08 CMS CMS ENERGY CORP 2219224 69.45 4,736 328,915.20
0.08 ATO ATMOS ENERGY CORP 2315359 145.07 2,260 327,858.20
0.08 HIG HARTFORD FINL SV 2476193 111.44 2,933 326,853.52
0.08 WEC WEC ENERGY GROUP INC BYY8XK8 102.70 3,173 325,867.10
0.07 ATR APTARGROUP INC 2045247 142.29 2,281 324,563.49
0.07 FE FIRSTENERGY CORP 2100920 40.44 8,013 324,045.72
0.07 AEP AMERICAN ELECTRIC POWER 2026242 101.88 3,175 323,469.00
0.07 NI NISOURCE INC 2645409 38.43 8,375 321,851.25
0.07 CB CHUBB LTD B3BQMF6 267.96 1,184 317,264.64
0.07 ETR ENTERGY CORP 2317087 82.02 3,813 312,742.26
0.07 WTW WILLIS TOWERS WATSON PLC BDB6Q21 319.23 977 311,887.71
0.07 CHD CHURCH & DWIGHT CO INC 2195841 104.88 2,940 308,347.20
0.07 BDX BECTON DICKINSON AND CO 2087807 229.52 1,331 305,491.12
0.07 INGR INGREDION INC B7K24P7 128.66 2,354 302,865.64
0.07 HON HONEYWELL INTL 2020459 206.94 1,442 298,407.48
0.07 TRV TRAVELERS COS INC/THE 2769503 242.35 1,224 296,636.40
0.06 HOLX HOLOGIC INC 2433530 64.47 4,366 281,476.02
0.06 LDOS LEIDOS HOLDINGS INC BDV82B8 137.60 1,939 266,806.40
-0.48 OTHER PAYABLE & RECEIVABLES 1.00 -2,116,057 -2,116,056.82
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 01/31/25

Sector Weight (%)
Financials 24.9
Industrials 12.3
Health Care 11.5
Information Technology 10.9
Consumer Staples 9.7
Communication Services 9.0
Consumer Discretionary 7.4
Materials 6.0
Energy 5.4
Real Estate 1.9
Utilities 1.1

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Financial Services 12.0
Banks 9.0
Capital Goods 6.9
Health Care Equipment & Services 6.4
Materials 6.0
Technology Hardware & Equipment 5.5
Energy 5.4
Commercial & Professional Services 5.4
Telecommunication Services 5.2
Pharmaceuticals, Biotechnology & Life Sciences 5.2
Food, Beverage & Tobacco 4.7
Other 28.3

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 02/10/25

Return on Equity 14.40%
Weighted Avg. Market Cap 150,721 M
2024 2025
Price-to-earnings 13.21 12.61
Price-to-book value 1.90 1.73

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 01/31/25

Versus Beta
S&P 500 0.78
NASDAQ-100 0.47
MSCI EAFE 0.70
MSCI Emg. Mkts 0.41
Standard Deviation 15.90%

Source: new windowAltaVista 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. 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 1/31, AUSF was rated against the following numbers of Mid-Cap Value funds over the following time periods: 385 during the last 3 years, 365 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.

© 2025 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.