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AUSF

Adaptive U.S. Factor ETF

Invest in AUSF

Morningstar Rating™ - Overall rating out of 382 Mid-Cap Value funds, based on risk-adjusted returns as of 04/30/2023

Overview Prices & Performance Holdings & Characteristics Research Documents

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 06/02/23

Inception Date 08/24/18
Total Expense Ratio 0.27%
Net Assets $165.18 million
NAV $30.53
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 06/01/23

Ticker AUSF
Bloomberg Index Ticker AWSUSF
CUSIP 37954Y574
ISIN US37954Y5740
Primary Exchange NYSE Arca
Shares Outstanding 5,410,002
Number of Holdings 194
30-Day Median Bid-Ask Spread 0.27%

Distributions As of 06/02/23

30-Day SEC Yield 2.40%
Distribution Frequency Quarterly
 Distribution History

ETF Prices As of 06/02/23

NAV $30.53 Daily Change $0.77 2.59%
Market Price $30.52 Daily Change $0.78 2.62%

Performance History

Premium Discount Chart
As of recent
(03/31/23)
As of recent
(03/31/23)
Fund NAV Market Price Index
1 Year -1.39% -1.70% -1.14%
3 Years 22.65% 22.56% 23.05%
Since Inception 7.62% 7.58% 7.95%
1 Year -1.68% -1.64% -1.42%
3 Years 15.56% 15.58% 15.90%
Since Inception 6.84% 6.84% 7.17%
Year-to-Date -1.90% -2.00% -1.83%
1 Month 1.34% 1.03% 1.35%
3 Months -1.90% -2.00% -1.83%
Since Inception 40.19% 39.96% 42.20%
Year-to-Date -4.07% -4.01% -3.95%
1 Month -3.42% -3.39% -3.40%
3 Months -0.91% -1.04% -0.84%
Since Inception 37.08% 37.08% 39.13%

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 06/02/23

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
3.05 LLY ELI LILLY & CO 2516152 442.33 11,403 5,043,888.99
2.84 GILD GILEAD SCIENCES INC 2369174 77.89 60,284 4,695,520.76
2.73 GE GENERAL ELECTRIC CO BL59CR9 105.80 42,673 4,514,803.40
2.52 MRK MERCK & CO. INC. 2778844 112.52 37,039 4,167,628.28
2.38 SBUX STARBUCKS CORP 2842255 99.50 39,459 3,926,170.50
2.32 XOM EXXON MOBIL CORP 2326618 105.76 36,277 3,836,655.52
1.95 PGR PROGRESSIVE CORP 2705024 129.50 24,809 3,212,765.50
1.75 CDNS CADENCE DESIGN SYS INC 2302232 229.69 12,560 2,884,906.40
1.45 MPC MARATHON PETROLEUM CORP B3K3L40 108.91 22,002 2,396,237.82
1.29 FSLR FIRST SOLAR INC B1HMF22 206.74 10,267 2,122,599.58
1.28 LEN LENNAR CORP-A 2511920 112.00 18,922 2,119,264.00
1.15 GIS GENERAL MILLS INC 2367026 84.59 22,486 1,902,090.74
1.09 PCAR PACCAR INC 2665861 73.30 24,545 1,799,148.50
0.97 TT TRANE TECHNOLOGIES PLC BK9ZQ96 173.01 9,298 1,608,646.98
0.94 PHM PULTEGROUP INC 2708841 69.38 22,375 1,552,377.50
0.91 ON ON SEMICONDUCTOR 2583576 86.83 17,268 1,499,380.44
0.90 ANET ARISTA NETWORKS INC BN33VM5 162.50 9,180 1,491,750.00
0.90 DHI DR HORTON INC 2250687 112.02 13,314 1,491,434.28
0.85 MNST MONSTER BEVERAGE CORP BZ07BW4 59.48 23,561 1,401,408.28
0.84 VLO VALERO ENERGY CORP 2041364 109.27 12,669 1,384,341.63
0.83 GWW WW GRAINGER INC 2380863 677.77 2,011 1,362,995.47
0.78 HSY HERSHEY CO/THE 2422806 260.91 4,950 1,291,504.50
0.76 TOL TOLL BROTHERS INC 2896092 71.35 17,697 1,262,680.95
0.76 PCG P G & E CORP 2689560 16.65 75,812 1,262,269.80
0.74 SGEN SEAGEN INC BLPK4D2 195.38 6,282 1,227,377.16
0.74 ACGL ARCH CAPITAL GROUP LTD 2740542 70.90 17,265 1,224,088.50
0.70 LW LAMB WESTON HOLDINGS INC BDQZFJ3 113.27 10,270 1,163,282.90
0.68 TMHC TAYLOR MORRISON HOME CORP B832462 44.45 25,212 1,120,673.40
0.67 FICO FAIR ISAAC CORP 2330299 790.84 1,390 1,099,267.60
0.63 DINO HF SINCLAIR CORP BMZQ9C1 43.26 24,092 1,042,219.92
0.59 GPC GENUINE PARTS CO 2367480 153.35 6,365 976,072.75
0.59 NYCB NY COMM BANCORP 2711656 10.78 90,277 973,186.06
0.57 ARW ARROW ELECTRONICS INC 2051404 128.79 7,357 947,508.03
0.57 RDN RADIAN GROUP INC 2173911 26.13 35,908 938,276.04
0.57 LAD LITHIA MOTORS INC 2515030 246.82 3,782 933,473.24
0.56 COF CAPITAL ONE FINA 2654461 110.49 8,436 932,093.64
0.56 ESNT ESSENT GROUP LTD BFWGXR8 46.18 19,975 922,445.50
0.55 MTG MGIC INVESTMENT CORP 2548616 15.56 58,502 910,291.12
0.55 UNM UNUM GROUP 2433842 44.89 20,221 907,720.69
0.54 SYF SYNCHRONY FINANCIAL BP96PS6 33.04 27,207 898,919.28
0.54 AVT AVNET INC 2066505 44.58 20,090 895,612.20
0.54 RITM RITHM CAPITAL CORP BRJ9GW0 8.60 103,807 892,740.20
0.54 ABG ASBURY AUTOMOTIVE GROUP 2855855 218.49 4,060 887,069.40
0.54 LVS LAS VEGAS SANDS CORP B02T2J7 58.94 15,030 885,868.20
0.53 CE CELANESE CORP B05MZT4 114.69 7,678 880,589.82
0.53 IBM IBM 2005973 132.42 6,632 878,209.44
0.53 SRC SPIRIT REALTY CAPITAL INC BHHZBZ8 39.82 21,999 876,000.18
0.53 OMF ONEMAIN HOLDINGS INC BYSZB89 40.85 21,441 875,864.85
0.53 CHRD CHORD ENERGY CORP BLDDYB1 149.63 5,829 872,193.27
0.53 MSM MSC INDL DIRECT 2567655 93.54 9,314 871,231.56
0.53 STWD STARWOOD PROPERT B3PQ520 18.40 47,275 869,860.00
0.53 AIG AMERICAN INTERNA 2027342 55.20 15,756 869,731.20
0.52 DXC DXC TECHNOLOGY CO BYXD7B3 25.70 33,616 863,931.20
0.52 THO THOR INDUSTRIES INC 2889876 81.98 10,528 863,085.44
0.52 ALLY ALLY FINANCIAL INC B72XK05 28.22 30,517 861,189.74
0.52 NLY ANNALY CAPITAL M BPMQ7X2 19.61 43,609 855,172.49
0.52 HPE HEWLETT PACKA BYVYWS0 15.24 55,997 853,394.28
0.52 DD DUPONT DE NEMOURS INC BK0VN47 72.37 11,764 851,360.68
0.51 SNX TD SYNNEX CORP 2002554 92.22 9,168 845,472.96
0.51 BBY BEST BUY CO INC 2094670 73.21 11,522 843,525.62
0.51 INTC INTEL CORP 2463247 31.31 26,893 842,019.83
0.51 CI THE CIGNA GROUP BHJ0775 257.03 3,271 840,745.13
0.51 FNB FNB CORP 2041308 11.66 72,030 839,869.80
0.51 CIVI CIVITAS RESOURCES INC BMG9GG2 71.31 11,754 838,177.74
0.51 EMN EASTMAN CHEMICAL CO 2298386 82.57 10,142 837,424.94
0.50 DTM DT MIDSTREAM INC BN7L880 47.77 17,417 832,010.09
0.50 COLB COLUMBIA BANKING 2176608 22.07 37,631 830,516.17
0.50 GM GENERAL MOTORS CO B665KZ5 34.28 24,225 830,433.00
0.50 TXN TEXAS INSTRUMENTS INC 2885409 175.23 4,730 828,837.90
0.50 JEF JEFFERIES FINANC BG0Q4Z2 31.31 26,443 827,930.33
0.50 CHK CHESAPEAKE ENERGY CORP BMZ5LZ5 79.63 10,351 824,250.13
0.50 JNPR JUNIPER NETWORKS INC 2431846 30.97 26,376 816,864.72
0.49 MPW MEDICAL PROPERTI B0JL5L9 8.25 98,789 815,009.25
0.49 WBS WEBSTER FINANCIAL CORP 2945143 38.47 21,095 811,524.65
0.49 KHC KRAFT HEINZ CO/THE BYRY499 38.11 21,225 808,884.75
0.49 ONB OLD NATIONAL BANCORP 2658441 13.41 60,136 806,423.76
0.49 TGNA TEGNA INC BZ0P3Z5 16.27 49,366 803,184.82
0.49 NRG NRG ENERGY INC 2212922 33.30 24,044 800,665.20
0.48 LBRDK LIBERTY BROADBAND-C BRTLC06 74.53 10,732 799,855.96
0.48 BG BUNGE LTD 2788713 92.28 8,659 799,052.52
0.48 PFE PFIZER INC 2684703 38.36 20,818 798,578.48
0.48 KMI KINDER MORGAN INC B3NQ4P8 16.75 47,598 797,266.50
0.48 QDEL QUIDELORTHO CORP BM9VY27 86.16 9,243 796,376.88
0.48 VTRS VIATRIS INC BMWS3X9 9.33 85,219 795,093.27
0.48 AGCO AGCO CORP 2010278 119.40 6,613 789,592.20
0.48 MAN MANPOWERGROUP INC 2562490 74.90 10,537 789,221.30
0.48 WAL WESTERN ALLIANCE BANCORP B0CCGJ4 37.95 20,759 787,804.05
0.48 WRK WESTROCK CO BYR0914 28.86 27,172 784,183.92
0.47 CUZ COUSINS PROPERTIES INC BJP0MF6 20.32 38,552 783,376.64
0.47 SNV SYNOVUS FINANCIAL CORP BMH4NJ8 29.64 26,408 782,733.12
0.47 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 89.92 8,692 781,584.64
0.47 CAH CARDINAL HEALTH INC 2175672 84.59 9,213 779,327.67
0.47 CTRA COTERRA ENERGY INC 2162340 23.90 32,596 779,044.40
0.47 GLW CORNING INC 2224701 31.51 24,638 776,343.38
0.47 FITB FIFTH THIRD BANCORP 2336747 25.95 29,896 775,801.20
0.47 HUN HUNTSMAN CORP B0650B9 25.63 30,155 772,872.65
0.47 TFC TRUIST FINANCIAL CORP BKP7287 32.08 24,077 772,390.16
0.47 HBAN HUNTINGTON BANCSHARES INC 2445966 10.89 70,750 770,467.50
0.47 C CITIGROUP INC 2297907 46.32 16,621 769,884.72
0.46 DOW DOW INC BHXCF84 51.61 14,843 766,047.23
0.46 CADE CADENCE BANK BMCS168 19.71 38,799 764,728.29
0.46 CFG CITIZENS FINANCIAL GROUP BQRX1X3 27.79 27,465 763,252.35
0.46 PRGO PERRIGO CO PLC BGH1M56 32.99 23,129 763,025.71
0.46 VLY VALLEY NATIONAL BANCORP 2935326 8.00 95,188 761,504.00
0.46 PFG PRINCIPAL FINANCIAL GROUP 2803014 69.47 10,864 754,722.08
0.45 VZ VERIZON COMMUNIC 2090571 34.58 21,703 750,489.74
0.45 AXON AXON ENTERPRISE INC BDT5S35 193.25 3,878 749,423.50
0.45 NXST Nexstar Media Group Inc 2949758 157.67 4,750 748,932.50
0.45 KRC KILROY REALTY CORP 2495529 27.87 26,704 744,240.48
0.45 ZION ZIONS BANCORP NA 2989828 29.07 25,599 744,162.93
0.45 OKE ONEOK INC 2130109 58.74 12,626 741,651.24
0.44 IVZ INVESCO LTD B28XP76 15.26 47,951 731,732.26
0.44 CMA COMERICA INC 2212870 40.93 17,788 728,062.84
0.44 M MACY'S INC 2345022 15.42 46,929 723,645.18
0.43 HUBB HUBBELL INC BDFG6S3 294.49 2,424 713,843.76
0.43 CF CF INDUSTRIES HO B0G4K50 62.91 11,260 708,366.60
0.43 X UNITED STATES STEEL CORP 2824770 21.95 32,268 708,282.60
0.43 NVR NVR INC 2637785 5,711.00 124 708,164.00
0.42 TSN TYSON FOODS INC-CL A 2909730 51.34 13,595 697,967.30
0.42 IP INTERNATIONAL PAPER CO 2465254 30.38 22,907 695,914.66
0.42 KEY KEYCORP 2490911 10.28 67,660 695,544.80
0.42 OGN ORGANON & CO BLDC8J4 19.76 35,066 692,904.16
0.41 ELF ELF BEAUTY INC BDDQ975 105.19 6,442 677,633.98
0.41 UGI UGI CORP 2910118 28.06 23,990 673,159.40
0.41 SMCI SUPER MICRO COMPUTER INC B1VQR35 221.94 3,032 672,922.08
0.41 PINC PREMIER INC-CLASS A BDZDRC5 25.82 25,982 670,855.24
0.39 T AT&T INC 2831811 15.21 42,521 646,744.41
0.39 LSCC LATTICE SEMICOND 2506658 79.55 8,099 644,275.45
0.37 MOS MOSAIC CO/THE B3NPHP6 33.08 18,436 609,862.88
0.37 AZPN ASPEN TECHNOLOGY INC BP2V812 165.50 3,672 607,716.00
0.36 FYBR FRONTIER COMMUNI BP0V999 15.17 39,629 601,171.93
0.36 DECK DECKERS OUTDOOR CORP 2267278 476.78 1,249 595,498.22
0.36 JBL JABIL INC 2471789 92.27 6,389 589,513.03
0.36 NWL NEWELL BRANDS INC 2635701 8.78 66,851 586,951.78
0.35 RS RELIANCE STEEL & ALUMINUM 2729068 241.69 2,374 573,772.06
0.35 PARA PARAMOUNT GLOBAL-CLASS B BKTNTR9 15.40 37,134 571,863.60
0.31 SRPT SAREPTA THERAPEUTICS INC B8DPDT7 125.16 4,082 510,903.12
0.30 MKTX MARKETAXESS HOLDINGS INC B03Q9D0 281.51 1,768 497,709.68
0.30 TTC TORO CO 2897040 102.04 4,852 495,098.08
0.29 EME EMCOR GROUP INC 2474164 173.19 2,734 473,501.46
0.27 GLPI GAMING AND LEISU BFPK4S5 50.25 8,971 450,792.75
0.27 LECO LINCOLN ELECTRIC HOLDINGS 2516851 181.80 2,448 445,046.40
0.27 DOX AMDOCS LTD 2256908 95.41 4,625 441,271.25
0.26 CPB CAMPBELL SOUP CO 2162845 51.47 8,317 428,075.99
0.26 BWA BORGWARNER INC 2111955 47.68 8,869 422,873.92
0.25 ACLS AXCELIS TECHNOLOGIES INC BD420Q8 162.36 2,510 407,523.60
0.24 WYNN WYNN RESORTS LTD 2963811 100.35 3,925 393,873.75
0.24 RMBS RAMBUS INC 2721967 63.86 6,139 392,036.54
0.23 RXDX PROMETHEUS BIOSC BMZ9Z11 198.83 1,942 386,127.86
0.23 UTHR UNITED THERAPEUTICS CORP 2430412 217.22 1,721 373,835.62
0.22 IRDM IRIDIUM COMMUNIC B2QH310 62.61 5,751 360,070.11
0.20 NATI NATIONAL INSTRUMENTS CORP 2645078 57.80 5,584 322,755.20
0.20 DCI DONALDSON CO INC 2276467 59.58 5,410 322,327.80
0.20 FIX COMFORT SYSTEMS USA INC 2036047 154.86 2,077 321,644.22
0.19 DKS DICK'S SPORTING GOODS INC 2969637 128.41 2,479 318,328.39
0.19 TXRH TEXAS ROADHOUSE INC B033TJ7 111.55 2,785 310,666.75
0.18 WING WINGSTOP INC BYYXHN4 197.77 1,533 303,181.41
0.18 CLH CLEAN HARBORS INC 2202473 150.91 2,006 302,725.46
0.18 WSC WILLSCOT MOBILE BMHL0Z4 44.59 6,596 294,115.64
0.17 CROX CROCS INC B0T7Z62 110.04 2,602 286,324.08
0.17 AAON AAON INC 2268130 91.58 3,085 282,524.30
0.17 ERIE ERIE INDEMNITY-A 2311711 217.71 1,274 277,362.54
0.16 CASH 1.00 267,862 267,862.28
0.16 KNSL KINSALE CAPITAL GROUP INC BD1MGQ3 337.65 776 262,016.40
0.16 KRTX KARUNA THERAPEUTICS INC BJMLSD2 233.65 1,096 256,080.40
0.15 LSTR LANDSTAR SYSTEM INC 2503994 183.00 1,388 254,004.00
0.15 CELH CELSIUS HOLDINGS INC B19HX21 138.17 1,742 240,692.14
0.15 AJRD AEROJET ROCKETDY BWD7PX9 54.32 4,401 239,062.32
0.14 VMI VALMONT INDUSTRIES 2926825 279.04 851 237,463.04
0.14 AIT APPLIED INDU TEC 2086309 132.70 1,772 235,144.40
0.14 VC VISTEON CORP B4N0JJ6 141.04 1,591 224,394.64
0.14 NSIT INSIGHT ENTERPRISES INC 2475060 136.94 1,634 223,759.96
0.14 WWE WORLD WRESTLIN-A 2503529 101.65 2,187 222,308.55
0.13 SAIC SCIENCE APPLICATIONS INTE BDTZZG7 101.45 2,174 220,552.30
0.13 HAE HAEMONETICS CORP/MASS 2401195 88.13 2,395 211,071.35
0.13 RLI RLI CORP 2719070 127.85 1,617 206,733.45
0.12 NTRA NATERA INC BYQRG48 48.81 4,142 202,171.02
0.12 LNTH LANTHEUS HOLDINGS INC BP8S8J5 88.67 2,253 199,773.51
0.12 TKR TIMKEN CO 2892807 78.18 2,524 197,326.32
0.12 ATKR Atkore Inc BDHF495 126.62 1,552 196,514.24
0.11 HRB H&R BLOCK INC 2105505 30.74 6,113 187,913.62
0.11 ASO ACADEMY SPORTS & BN7K304 51.37 3,657 187,860.09
0.11 NJR NEW JERSEY RESOURCES CORP 2630513 50.36 3,702 186,432.72
0.11 LANC LANCASTER COLONY CORP 2503206 203.58 914 186,072.12
0.11 WTM WHITE MOUNTAINS 2339252 1,428.70 130 185,731.00
0.11 MTH MERITAGE HOMES CORP 2601326 123.15 1,504 185,217.60
0.11 ALSN ALLISON TRANSMIS B4PZ892 50.89 3,436 174,858.04
0.10 WTS WATTS WATER TE-A 2943620 168.20 1,012 170,218.40
0.10 CRUS CIRRUS LOGIC INC 2197308 79.53 2,138 170,035.14
0.10 PBF PBF ENERGY INC-CLASS A B7F4TJ7 37.17 4,306 160,054.02
0.10 POST POST HOLDINGS INC B6T0518 86.41 1,826 157,784.66
0.09 MDGL MADRIGAL PHARMAC BD59BS7 259.94 596 154,924.24
0.09 R RYDER SYSTEM INC 2760669 81.80 1,868 152,802.40
0.08 PNM PNM RESOURCES INC 2707826 46.64 2,899 135,209.36
0.08 SLGN SILGAN HOLDINGS INC 2809324 45.76 2,949 134,946.24
Holdings are subject to change. "Cash" denotes U.S. dollars.

Sector Breakdown As of 04/30/23

Sector Weight (%)
Health Care 30.2
Energy 13.4
Industrials 10.6
Financials 9.0
Consumer Staples 8.5
Communication Services 8.4
Information Technology 8.4
Consumer Discretionary 4.0
Utilities 3.7
Real Estate 2.5
Materials 1.4

Source: AltaVista Research, LLC

ETF Characteristics As of 06/01/23

Return on Equity 14.50%
Weighted Avg. Market Cap 58,247 M
2022 2023
Price-to-earnings 9.85 10.90
Price-to-book value 1.67 1.51

Source: AltaVista Research, LLC

ETF Risk Stats As of 05/31/23

Versus Beta
S&P 500 0.71
NASDAQ-100 0.40
MSCI EAFE 0.67
MSCI Emg. Mkts 0.39
Standard Deviation 15.00%

Source: AltaVista Research, LLC

ETF Documents

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 04/30, AUSF was rated against the following numbers of Mid-Cap Value funds over the following time periods: 382 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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