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XTR

S&P 500 Tail Risk ETF

Reasons to Consider XTR

Growth Potential

XTR offers uncapped exposure to the growth potential1 of the stocks in the S&P 500 Index.

Manage Downside Risk

By buying protective puts, XTR seeks to mitigate significant selloffs of greater than approximately -10% from the purchase of the put to the options’ expiration in three months.

Efficient Options Execution

XTR buys put options on the S&P 500, saving investors the time and potential expense of doing so individually.

1XTR’s growth potential will decrease by the cost of the premiums paid

Key Information As of 11/28/23

Inception Date 08/25/21
Total Expense Ratio 0.26%
Net Assets $2.61 million
NAV $26.11
Fact Sheet View the document

ETF Summary

The Global X S&P 500 Tail Risk ETF (XTR) employs a protective put strategy for investors seeking to buffer against market selloffs. XTR seeks to achieve this outcome by owning the stocks in the S&P 500 Index, coupled with buying 10% out-of-the-money put options2 on the S&P 500 Index.

ETF Objective

The Global X S&P 500 Tail Risk ETF (XTR) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500 Tail Risk Index.

Trading Details As of 11/28/23

Ticker XTR
Bloomberg Index Ticker PPUT3M
CUSIP 37960A107
ISIN US37960A1079
Primary Exchange NYSE Arca
Shares Outstanding 100,000
Number of Holdings 504
30-Day Median Bid-Ask Spread 0.31%

Distributions As of 11/28/23

30-Day SEC Yield 1.39%
Distribution Frequency Semi-Annually

2An out-of-the-money put option conveys the right, but not the obligation, to sell an underlying asset at a strike price below that underlying asset’s market price (learn more)

ETF Prices As of 11/28/23

NAV $26.11 Daily Change $0.02 0.08%
Market Price $26.11 Daily Change $0.04 0.15%

Performance History

As of recent
(09/30/23)
As of recent
(09/30/23)
Fund NAV Market Price Index
1 Year 13.33% 13.13% 13.84%
Since Inception -2.85% -2.87% -2.21%
1 Year 5.51% 5.37% 6.06%
Since Inception -3.72% -3.74% -3.11%
Year-to-Date 9.71% 9.86% 10.15%
1 Month -4.36% -4.40% -4.31%
3 Months -3.28% -3.32% -3.16%
Since Inception -5.89% -5.93% -4.59%
Year-to-Date 7.32% 7.46% 7.76%
1 Month -2.18% -2.18% -2.17%
3 Months -8.05% -7.91% -7.96%
Since Inception -7.95% -7.98% -6.66%

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.

Options Details As of 11/28/23

S&P 500 Price 4,554.89 S&P 500 Mini Price 455.49

Downside Floor Details

Option Positions Notional Exposure Strike Downside Before Floor Expiration Date Calendar Days to Expiry
Long S&P 500 Put Option $2,277,445 4020 -11.74% 12/15/2023 17
Long S&P 500 Mini Put Option $318,842 402 -11.74% 12/15/2023 17

Top Holdings As of 11/28/23

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
7.45 MSFT MICROSOFT CORP 2588173 382.70 508 194,411.60
7.33 AAPL APPLE INC 2046251 190.40 1,005 191,352.00
3.49 AMZN AMAZON.COM INC 2000019 147.03 619 91,011.57
3.10 NVDA NVIDIA CORP 2379504 478.21 169 80,817.49
2.12 GOOGL ALPHABET INC-CL A BYVY8G0 137.20 404 55,428.80
1.96 META META PLATFORMS INC B7TL820 338.99 151 51,187.49
1.83 GOOG ALPHABET INC-CL C BYY88Y7 138.62 344 47,685.28
1.78 TSLA TESLA INC B616C79 246.72 188 46,383.36
1.72 BRK/B BERKSHIRE HATH-B 2073390 360.05 125 45,006.25
1.33 UNH UNITEDHEALTH GROUP INC 2917766 540.53 64 34,593.92
1.22 LLY ELI LILLY & CO 2516152 591.60 54 31,946.40
1.16 JPM JPMORGAN CHASE & CO 2190385 153.54 198 30,400.92
1.10 XOM EXXON MOBIL CORP 2326618 103.90 277 28,780.30
1.09 AVGO BROADCOM INC BDZ78H9 946.35 30 28,390.50
1.08 V VISA INC-CLASS A SHARES B2PZN04 252.94 111 28,076.34
0.96 JNJ JOHNSON & JOHNSON 2475833 151.63 165 25,018.95
0.95 PG PROCTER & GAMBLE CO/THE 2704407 152.29 163 24,823.27
0.89 MA MASTERCARD INC - A B121557 409.01 57 23,313.57
0.81 HD HOME DEPOT INC 2434209 311.25 68 21,165.00
0.74 ADBE ADOBE INC 2008154 623.32 31 19,322.92
0.68 COST COSTCO WHOLESALE CORP 2701271 594.00 30 17,820.00
0.68 MRK MERCK & CO. INC. 2778844 100.18 176 17,631.68
0.67 CVX CHEVRON CORP 2838555 145.51 121 17,606.71
0.65 ABBV ABBVIE INC B92SR70 138.08 122 16,845.76
0.62 PEP PEPSICO INC 2681511 168.86 96 16,210.56
0.60 KO COCA-COLA CO/THE 2206657 58.58 268 15,699.44
0.59 WMT WALMART INC 2936921 158.64 97 15,388.08
0.57 NFLX NETFLIX INC 2857817 479.00 31 14,849.00
0.57 CRM SALESFORCE INC 2310525 224.92 66 14,844.72
0.55 MCD MCDONALD'S CORP 2550707 282.09 51 14,386.59
0.55 ACN ACCENTURE PLC-CL A B4BNMY3 332.56 43 14,300.08
0.54 BAC BANK OF AMERICA CORP 2295677 29.53 475 14,026.75
0.54 LIN LINDE PLC BNZHB81 410.73 34 13,964.82
0.51 AMD ADVANCED MICRO DEVICES 2007849 122.01 109 13,299.09
0.51 CSCO CISCO SYSTEMS INC 2198163 47.85 277 13,254.45
0.49 INTC INTEL CORP 2463247 44.23 287 12,694.01
0.48 TMO THERMO FISHER 2886907 485.92 26 12,633.92
0.47 ORCL ORACLE CORP 2661568 116.24 106 12,321.44
0.47 ABT ABBOTT LABORATORIES 2002305 102.06 120 12,247.20
0.45 DIS WALT DISNEY CO/THE 2270726 92.50 127 11,747.50
0.45 CMCSA COMCAST CORP-CLASS A 2044545 41.87 279 11,681.73
0.44 PFE PFIZER INC 2684703 29.69 386 11,460.34
0.43 WFC WELLS FARGO & CO 2649100 43.37 257 11,146.09
0.42 VZ VERIZON COMMUNIC 2090571 37.47 294 11,016.18
0.41 INTU INTUIT INC 2459020 565.07 19 10,736.33
0.39 PM PHILIP MORRIS IN B2PKRQ3 94.15 108 10,168.20
0.38 IBM IBM 2005973 155.65 64 9,961.60
0.38 DHR DANAHER CORP 2250870 218.76 45 9,844.20
0.37 TXN TEXAS INSTRUMENTS INC 2885409 152.90 63 9,632.70
0.37 AMGN AMGEN INC 2023607 265.52 36 9,558.72
0.36 UNP UNION PACIFIC CORP 2914734 221.23 43 9,512.89
0.36 SPGI S&P GLOBAL INC BYV2325 412.98 23 9,498.54
0.36 QCOM QUALCOMM INC 2714923 125.79 75 9,434.25
0.36 NKE NIKE INC -CL B 2640147 108.75 86 9,352.50
0.36 COP CONOCOPHILLIPS 2685717 114.98 81 9,313.38
0.36 NOW SERVICENOW INC B80NXX8 665.24 14 9,313.36
0.34 GE GENERAL ELECTRIC CO BL59CR9 118.85 74 8,794.90
0.33 BA BOEING CO/THE 2108601 222.37 39 8,672.43
0.33 CAT CATERPILLAR INC 2180201 247.50 35 8,662.50
0.33 HON HONEYWELL INTL 2020459 194.27 44 8,547.88
0.32 AMAT APPLIED MATERIALS INC 2046552 148.06 57 8,439.42
0.31 RTX RTX CORPORATION BM5M5Y3 80.19 101 8,099.19
0.31 SBUX STARBUCKS CORP 2842255 101.18 80 8,094.40
0.31 T AT&T INC 2831811 16.18 499 8,073.82
0.31 NEE NEXTERA ENERGY INC 2328915 58.16 138 8,026.08
0.31 LOW LOWE'S COS INC 2536763 200.05 40 8,002.00
0.30 ISRG INTUITIVE SURGICAL INC 2871301 310.95 25 7,773.75
0.29 UPS UNITED PARCEL-B 2517382 150.74 51 7,687.74
0.29 ELV ELEVANCE HEALTH INC BSPHGL4 475.49 16 7,607.84
0.28 GS GOLDMAN SACHS GROUP INC 2407966 334.90 22 7,367.80
0.28 BLK BLACKROCK INC 2494504 736.76 10 7,367.60
0.28 MDT MEDTRONIC PLC BTN1Y11 78.63 93 7,312.59
0.28 PLD PROLOGIS INC B44WZD7 112.11 65 7,287.15
0.28 TJX TJX COMPANIES INC 2989301 89.14 81 7,220.34
0.28 LMT LOCKHEED MARTIN CORP 2522096 448.27 16 7,172.32
0.27 BMY BRISTOL-MYERS SQUIBB CO 2126335 48.92 145 7,093.40
0.27 SYK STRYKER CORP 2853688 292.04 24 7,008.96
0.27 MS MORGAN STANLEY 2262314 76.88 90 6,919.20
0.26 MDLZ MONDELEZ INTER-A B8CKK03 71.43 96 6,857.28
0.26 DE DEERE & CO 2261203 360.02 19 6,840.38
0.26 MMC MARSH & MCLENNAN COS 2567741 197.26 34 6,706.84
0.25 ADI ANALOG DEVICES INC 2032067 183.20 36 6,595.20
0.25 PGR PROGRESSIVE CORP 2705024 163.26 40 6,530.40
0.25 GILD GILEAD SCIENCES INC 2369174 74.51 87 6,482.37
0.25 AXP AMERICAN EXPRESS CO 2026082 165.66 39 6,460.74
0.25 ADP AUTOMATIC DATA PROCESSING 2065308 228.99 28 6,411.72
0.25 LRCX LAM RESEARCH CORP 2502247 710.39 9 6,393.51
0.24 AMT AMERICAN TOWER CORP B7FBFL2 203.22 31 6,299.82
0.24 CB CHUBB LTD B3BQMF6 224.99 28 6,299.72
0.24 BKNG BOOKING HOLDINGS INC BDRXDB4 3,141.91 2 6,283.82
0.24 VRTX VERTEX PHARM 2931034 347.04 18 6,246.72
0.23 ETN EATON CORP PLC B8KQN82 224.59 27 6,063.93
0.23 CVS CVS HEALTH CORP 2577609 69.32 87 6,030.84
0.23 SNPS SYNOPSYS INC 2867719 543.73 11 5,981.03
0.22 ZTS ZOETIS INC B95WG16 176.97 33 5,840.01
0.22 PANW PALO ALTO NETWORKS INC B87ZMX0 277.83 21 5,834.43
0.22 C CITIGROUP INC 2297907 44.86 129 5,786.94
0.22 CI THE CIGNA GROUP BHJ0775 286.08 20 5,721.60
0.22 SCHW SCHWAB (CHARLES) CORP 2779397 55.81 102 5,692.62
0.22 MU MICRON TECHNOLOGY INC 2588184 76.12 74 5,632.88
0.22 REGN REGENERON PHARMACEUTICALS 2730190 801.14 7 5,607.98
0.21 BSX BOSTON SCIENTIFIC CORP 2113434 54.93 99 5,438.07
0.21 SO SOUTHERN CO/THE 2829601 70.49 76 5,357.24
0.20 MO ALTRIA GROUP INC 2692632 41.82 126 5,269.32
0.20 FI FISERV INC 2342034 127.47 41 5,226.27
0.20 TMUS T-MOBILE US INC B94Q9V0 148.38 35 5,193.30
0.20 CME CME GROUP INC 2965839 215.94 24 5,182.56
0.20 BX BLACKSTONE INC BKF2SL7 107.64 48 5,166.72
0.20 SLB SCHLUMBERGER LTD 2779201 52.31 98 5,126.38
0.19 DUK DUKE ENERGY CORP B7VD3F2 91.13 55 5,012.15
0.19 EOG EOG RESOURCES INC 2318024 123.64 40 4,945.60
0.19 KLAC KLA CORP 2480138 547.14 9 4,924.26
0.19 CDNS CADENCE DESIGN SYS INC 2302232 270.72 18 4,872.96
0.18 EQIX EQUINIX INC BVLZX12 796.92 6 4,781.52
0.18 BDX BECTON DICKINSON AND CO 2087807 237.28 20 4,745.60
0.18 NOC NORTHROP GRUMMAN CORP 2648806 470.08 10 4,700.80
0.18 PYPL PAYPAL HOLDINGS INC BYW36M8 58.47 79 4,619.13
0.18 ITW ILLINOIS TOOL WORKS 2457552 241.25 19 4,583.75
0.17 AON AON PLC-CLASS A BLP1HW5 323.15 14 4,524.10
0.17 CSX CSX CORP 2160753 31.94 139 4,439.66
0.17 CL COLGATE-PALMOLIVE CO 2209106 77.87 57 4,438.59
0.17 CMG CHIPOTLE MEXICAN B0X7DZ3 2,206.67 2 4,413.34
0.16 WM WASTE MANAGEMENT INC 2937667 169.68 25 4,242.00
0.16 TGT TARGET CORP 2259101 131.67 32 4,213.44
0.16 ICE INTERCONTINENTAL BFSSDS9 112.78 37 4,172.86
0.16 MCK MCKESSON CORP 2378534 461.60 9 4,154.40
0.16 SHW SHERWIN-WILLIAMS CO/THE 2804211 273.45 15 4,101.75
0.16 HUM HUMANA INC 2445063 510.45 8 4,083.60
0.16 MPC MARATHON PETROLEUM CORP B3K3L40 149.99 27 4,049.73
0.15 APD AIR PRODS & CHEM 2011602 268.40 15 4,026.00
0.15 MCO MOODY'S CORP 2252058 361.18 11 3,972.98
0.15 MMM 3M CO 2595708 98.51 40 3,940.40
0.15 USB US BANCORP 2736035 37.04 106 3,926.24
0.15 ANET ARISTA NETWORKS INC BN33VM5 217.25 18 3,910.50
0.15 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 977.43 4 3,909.72
0.15 PSX PHILLIPS 66 B78C4Y8 118.00 33 3,894.00
0.15 PH PARKER HANNIFIN CORP 2671501 426.53 9 3,838.77
0.15 TDG TRANSDIGM GROUP INC B11FJK3 956.18 4 3,824.72
0.15 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 318.46 12 3,821.52
0.15 FDX FEDEX CORP 2142784 253.41 15 3,801.15
0.14 ABNB AIRBNB INC-CLASS A BMGYYH4 127.56 29 3,699.24
0.14 MAR MARRIOTT INTL-A 2210614 204.66 18 3,683.88
0.14 ROP ROPER TECHNOLOGIES INC 2749602 525.87 7 3,681.09
0.14 FCX FREEPORT-MCMORAN INC 2352118 37.22 98 3,647.56
0.14 APH AMPHENOL CORP-CL A 2145084 89.91 40 3,596.40
0.14 TT TRANE TECHNOLOGIES PLC BK9ZQ96 222.71 16 3,563.36
0.14 EMR EMERSON ELECTRIC CO 2313405 87.90 40 3,516.00
0.13 PNC PNC FINANCIAL SE 2692665 129.59 27 3,498.93
0.13 PXD PIONEER NATURAL 2690830 232.91 15 3,493.65
0.13 AJG ARTHUR J GALLAGHER & CO 2359506 246.74 14 3,454.36
0.13 HCA HCA HEALTHCARE INC B4MGBG6 246.65 14 3,453.10
0.13 GD GENERAL DYNAMICS CORP 2365161 245.22 14 3,433.08
0.13 NXPI NXP SEMICONDUCTORS NV B505PN7 200.03 17 3,400.51
0.13 CCI CROWN CASTLE INC BTGQCX1 111.13 30 3,333.90
0.13 CTAS CINTAS CORP 2197137 554.35 6 3,326.10
0.13 VLO VALERO ENERGY CORP 2041364 125.24 26 3,256.24
0.12 SRE SEMPRA 2138158 73.52 44 3,234.88
0.12 NSC NORFOLK SOUTHERN CORP 2641894 212.40 15 3,186.00
0.12 NEM NEWMONT CORP 2636607 40.17 79 3,173.43
0.12 OTHER PAYABLE & RECEIVABLES 1.00 3,153 3,152.90
0.12 MSCI MSCI INC B2972D2 523.84 6 3,143.04
0.12 ROST ROSS STORES INC 2746711 130.30 24 3,127.20
0.12 WELL WELLTOWER INC BYVYHH4 89.31 35 3,125.85
0.12 AFL AFLAC INC 2026361 82.18 38 3,122.84
0.12 PCAR PACCAR INC 2665861 90.94 34 3,091.96
0.12 WMB WILLIAMS COS INC 2967181 36.33 85 3,088.05
0.12 PSA PUBLIC STORAGE 2852533 256.66 12 3,079.92
0.12 AIG AMERICAN INTERNA 2027342 64.64 47 3,038.08
0.12 MCHP MICROCHIP TECHNOLOGY INC 2592174 81.82 37 3,027.34
0.12 ECL ECOLAB INC 2304227 188.41 16 3,014.56
0.12 HLT HILTON WORLDWIDE BYVMW06 167.37 18 3,012.66
0.12 OXY OCCIDENTAL PETROLEUM CORP 2655408 60.06 50 3,003.00
0.12 LULU LULULEMON ATHLETICA INC B23FN39 427.73 7 2,994.11
0.11 IQV IQVIA HOLDINGS INC BDR73G1 211.00 14 2,954.00
0.11 CPRT COPART INC 2208073 50.73 58 2,942.34
0.11 MNST MONSTER BEVERAGE CORP BZ07BW4 55.28 53 2,929.84
0.11 KMB KIMBERLY-CLARK CORP 2491839 121.99 24 2,927.76
0.11 DXCM DEXCOM INC B0796X4 112.20 26 2,917.20
0.11 MET METLIFE INC 2573209 63.19 46 2,906.74
0.11 ADSK AUTODESK INC 2065159 207.37 14 2,903.18
0.11 CARR CARRIER GLOBAL CORP BK4N0D7 51.63 56 2,891.28
0.11 EW EDWARDS LIFESCIENCES CORP 2567116 67.10 43 2,885.30
0.11 TFC TRUIST FINANCIAL CORP BKP7287 31.56 91 2,871.96
0.11 TEL TE CONNECTIVITY LTD B62B7C3 130.19 22 2,864.18
0.11 CEG CONSTELLATION ENERGY BMH4FS1 124.45 23 2,862.35
0.11 CNC CENTENE CORP 2807061 72.96 39 2,845.44
0.11 IDXX IDEXX LABORATORIES INC 2459202 470.80 6 2,824.80
0.11 CHTR CHARTER COMMUN-A BZ6VT82 401.29 7 2,809.03
0.11 SPG SIMON PROPERTY GROUP INC 2812452 122.10 23 2,808.30
0.11 GM GENERAL MOTORS CO B665KZ5 28.89 97 2,802.33
0.11 HES HESS CORP 2023748 145.60 19 2,766.40
0.10 F FORD MOTOR CO 2615468 10.37 263 2,727.31
0.10 COF CAPITAL ONE FINA 2654461 108.58 25 2,714.50
0.10 AEP AMERICAN ELECTRIC POWER 2026242 79.73 34 2,710.82
0.10 OKE ONEOK INC 2130109 66.99 40 2,679.60
0.10 D DOMINION ENERGY INC 2542049 47.00 57 2,679.00
0.10 ADM ARCHER-DANIELS-MIDLAND CO 2047317 74.05 36 2,665.80
0.10 EXC EXELON CORP 2670519 39.16 68 2,662.88
0.10 STZ CONSTELLATION-A 2170473 241.77 11 2,659.47
0.10 TRV TRAVELERS COS INC/THE 2769503 176.84 15 2,652.60
0.10 LHX L3HARRIS TECHNOLOGIES INC BK9DTN5 189.10 14 2,647.40
0.10 PAYX PAYCHEX INC 2674458 119.58 22 2,630.76
0.10 AZO AUTOZONE INC 2065955 2,602.18 1 2,602.18
0.10 DLR DIGITAL REALTY TRUST INC B03GQS4 136.90 19 2,601.10
0.10 SYY SYSCO CORP 2868165 71.83 36 2,585.88
0.10 NUE NUCOR CORP 2651086 161.16 16 2,578.56
0.10 CTSH COGNIZANT TECH-A 2257019 71.30 36 2,566.80
0.10 GIS GENERAL MILLS INC 2367026 63.42 40 2,536.80
0.10 DHI DR HORTON INC 2250687 125.96 20 2,519.20
0.10 A AGILENT TECHNOLOGIES INC 2520153 124.71 20 2,494.20
0.10 O REALTY INCOME CORP 2724193 53.81 46 2,475.26
0.09 JCI JOHNSON CONTROLS BY7QL61 52.27 47 2,456.69
0.09 DOW DOW INC BHXCF84 50.99 48 2,447.52
0.09 FTNT FORTINET INC B5B2106 52.79 46 2,428.34
0.09 AMP AMERIPRISE FINANCIAL INC B0J7D57 345.54 7 2,418.78
0.09 PCG P G & E CORP 2689560 17.50 138 2,415.00
0.09 YUM YUM! BRANDS INC 2098876 126.39 19 2,401.41
0.09 VRSK VERISK ANALYTICS INC B4P9W92 240.07 10 2,400.70
0.09 RSG REPUBLIC SERVICES INC 2262530 159.84 15 2,397.60
0.09 KVUE KENVUE INC BQ84ZQ6 20.16 118 2,378.88
0.09 ED CONSOLIDATED EDISON INC 2216850 90.80 26 2,360.80
0.09 OTIS OTIS WORLDWIDE CORP BK531S8 84.30 28 2,360.40
0.09 BK BANK NY MELLON B1Z77F6 47.10 50 2,355.00
0.09 FAST FASTENAL CO 2332262 59.90 39 2,336.10
0.09 FIS FIDELITY NATIONA 2769796 56.91 41 2,333.31
0.09 GWW WW GRAINGER INC 2380863 775.14 3 2,325.42
0.09 ODFL OLD DOMINION FREIGHT LINE 2656423 387.38 6 2,324.28
0.09 EA ELECTRONIC ARTS INC 2310194 136.38 17 2,318.46
0.09 ALL ALLSTATE CORP 2019952 135.54 17 2,304.18
0.09 PRU PRUDENTIAL FINANCIAL INC 2819118 95.89 24 2,301.36
0.09 BKR BAKER HUGHES CO BDHLTQ5 33.82 68 2,299.76
0.09 URI UNITED RENTALS INC 2134781 455.88 5 2,279.40
0.09 BIIB BIOGEN INC 2455965 227.41 10 2,274.10
0.09 CSGP COSTAR GROUP INC 2262864 83.60 27 2,257.20
0.09 XEL XCEL ENERGY INC 2614807 60.97 37 2,255.89
0.09 HAL HALLIBURTON CO 2405302 37.52 60 2,251.20
0.09 KMI KINDER MORGAN INC B3NQ4P8 17.29 130 2,247.70
0.09 CMI CUMMINS INC 2240202 223.75 10 2,237.50
0.09 CTVA CORTEVA INC BK73B42 45.50 49 2,229.50
0.09 COR CENCORA INC 2795393 201.30 11 2,214.30
0.08 ACGL ARCH CAPITAL GROUP LTD 2740542 84.45 26 2,195.70
0.08 FICO FAIR ISAAC CORP 2330299 1,073.31 2 2,146.62
0.08 IT GARTNER INC 2372763 428.69 5 2,143.45
0.08 AME AMETEK INC 2089212 152.53 14 2,135.42
0.08 DD DUPONT DE NEMOURS INC BK0VN47 70.93 30 2,127.90
0.08 KDP KEURIG DR PEPPER INC BD3W133 32.24 66 2,127.84
0.08 PEG PUB SERV ENTERP 2707677 64.40 33 2,125.20
0.08 VMC VULCAN MATERIALS CO 2931205 211.16 10 2,111.60
0.08 GPN GLOBAL PAYMENTS INC 2712013 115.50 18 2,079.00
0.08 PPG PPG INDUSTRIES INC 2698470 138.08 15 2,071.20
0.08 DVN DEVON ENERGY CORP 2480677 44.82 46 2,061.72
0.08 KR KROGER CO 2497406 43.92 46 2,020.32
0.08 LEN LENNAR CORP-A 2511920 126.06 16 2,016.96
0.08 ON ON SEMICONDUCTOR 2583576 69.10 29 2,003.90
0.08 VICI VICI PROPERTIES INC BYWH073 29.22 68 1,986.96
0.08 KHC KRAFT HEINZ CO/THE BYRY499 35.12 56 1,966.72
0.08 MRNA MODERNA INC BGSXTS3 78.18 25 1,954.50
0.07 CDW CDW CORP/DE BBM5MD6 212.68 9 1,914.12
0.07 EXR EXTRA SPACE STORAGE INC B02HWR9 127.29 15 1,909.35
0.07 HSY HERSHEY CO/THE 2422806 188.99 10 1,889.90
0.07 ROK ROCKWELL AUTOMATION INC 2754060 269.25 7 1,884.75
0.07 EL ESTEE LAUDER 2320524 125.37 15 1,880.55
0.07 DLTR DOLLAR TREE INC 2272476 116.04 16 1,856.64
0.07 FANG DIAMONDBACK ENERGY INC B7Y8YR3 153.99 12 1,847.88
0.07 MLM MARTIN MARIETTA MATERIALS 2572079 460.00 4 1,840.00
0.07 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 68.13 27 1,839.51
0.07 STT STATE STREET CORP 2842040 70.11 26 1,822.86
0.07 IR INGERSOLL-RAND INC BL5GZ82 69.66 26 1,811.16
0.07 ZBH ZIMMER BIOMET HO 2783815 113.09 16 1,809.44
0.07 MOH MOLINA HEALTHCARE INC 2212706 361.23 5 1,806.15
0.07 CAH CARDINAL HEALTH INC 2175672 106.16 17 1,804.72
0.07 DG DOLLAR GENERAL CORP B5B1S13 127.50 14 1,785.00
0.07 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 136.32 13 1,772.16
0.07 WST WEST PHARMACEUT 2950482 352.42 5 1,762.10
0.07 MTB M & T BANK CORP 2340168 125.25 14 1,753.50
0.07 TTWO TAKE-TWO INTERAC 2122117 156.68 11 1,723.48
0.07 AWK AMERICAN WATER W B2R3PV1 130.66 13 1,698.58
0.06 WEC WEC ENERGY GROUP INC BYY8XK8 83.16 20 1,663.20
0.06 EIX EDISON INTERNATIONAL 2829515 66.49 25 1,662.25
0.06 HPQ HP INC BYX4D52 28.64 58 1,661.12
0.06 PWR QUANTA SERVICES INC 2150204 181.34 9 1,632.06
0.06 MPWR MONOLITHIC POWER B01Z7J1 543.44 3 1,630.32
0.06 EBAY EBAY INC 2293819 41.13 39 1,604.07
0.06 TSCO TRACTOR SUPPLY COMPANY 2900335 199.92 8 1,599.36
0.06 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 93.91 17 1,596.47
0.06 DAL DELTA AIR LINES INC B1W9D46 36.04 44 1,585.76
0.06 WBD WARNER BROS DISCOVERY INC BM8JYX3 10.62 149 1,582.38
0.06 CBRE CBRE GROUP INC - A B6WVMH3 79.03 20 1,580.60
0.06 TDY TELEDYNE TECHNOLOGIES INC 2503477 395.04 4 1,580.16
0.06 WY WEYERHAEUSER CO 2958936 31.54 50 1,577.00
0.06 TROW T ROWE PRICE GROUP INC 2702337 98.39 16 1,574.24
0.06 DFS DISCOVER FINANCI B1YLC43 87.22 18 1,569.96
0.06 AEE AMEREN CORPORATION 2050832 77.85 20 1,557.00
0.06 RMD RESMED INC 2732903 155.68 10 1,556.80
0.06 FTV FORTIVE CORP BYT3MK1 67.50 23 1,552.50
0.06 AVB AVALONBAY COMMUNITIES INC 2131179 172.17 9 1,549.53
0.06 HIG HARTFORD FINL SV 2476193 77.19 20 1,543.80
0.06 XYL XYLEM INC B3P2CN8 102.64 15 1,539.60
0.06 ES EVERSOURCE ENERGY BVVN4Q8 59.93 25 1,498.25
0.06 WAB WABTEC CORP 2955733 115.09 13 1,496.17
0.06 EFX EQUIFAX INC 2319146 213.03 7 1,491.21
0.06 APTV APTIV PLC B783TY6 81.95 18 1,475.10
0.06 ANSS ANSYS INC 2045623 294.62 5 1,473.10
0.06 DTE DTE ENERGY COMPANY 2280220 105.02 14 1,470.28
0.06 SBAC SBA COMMUNICATIONS CORP BZ6TS23 242.17 6 1,453.02
0.06 WTW WILLIS TOWERS WATSON PLC BDB6Q21 241.67 6 1,450.02
0.06 GLW CORNING INC 2224701 27.76 52 1,443.52
0.06 RJF RAYMOND JAMES 2718992 102.73 14 1,438.22
0.06 CHD CHURCH & DWIGHT CO INC 2195841 95.10 15 1,426.50
0.05 ETR ENTERGY CORP 2317087 101.65 14 1,423.10
0.05 STE STERIS PLC BFY8C75 197.83 7 1,384.81
0.05 WAT WATERS CORP 2937689 275.95 5 1,379.75
0.05 RCL ROYAL CARIBBEAN 2754907 105.69 13 1,373.97
0.05 STLD STEEL DYNAMICS INC 2849472 114.23 12 1,370.76
0.05 EQR EQUITY RESIDENTIAL 2319157 56.99 24 1,367.76
0.05 FDS FACTSET RESEARCH 2329770 455.56 3 1,366.68
0.05 EXPE EXPEDIA GROUP INC B748CK2 135.42 10 1,354.20
0.05 FE FIRSTENERGY CORP 2100920 37.31 36 1,343.16
0.05 BR BROADRIDGE FINL B1VP7R6 188.57 7 1,319.99
0.05 HPE HEWLETT PACKA BYVYWS0 15.52 85 1,319.20
0.05 PPL PPL CORP 2680905 26.39 49 1,293.11
0.05 EPAM EPAM SYSTEMS INC B44Z3T8 257.29 5 1,286.45
0.05 BAX BAXTER INTERNATIONAL INC 2085102 36.34 35 1,271.90
0.05 INVH INVITATION HOMES INC BD81GW9 33.29 38 1,265.02
0.05 DOV DOVER CORP 2278407 139.58 9 1,256.22
0.05 ULTA ULTA BEAUTY INC B28TS42 417.96 3 1,253.88
0.05 CTRA COTERRA ENERGY INC 2162340 26.07 48 1,251.36
0.05 HWM HOWMET AEROSPACE INC BKLJ8V2 51.95 24 1,246.80
0.05 DRI DARDEN RESTAURANTS INC 2289874 155.43 8 1,243.44
0.05 J JACOBS SOLUTIONS INC BNGC0D3 124.06 10 1,240.60
0.05 FITB FIFTH THIRD BANCORP 2336747 27.43 45 1,234.35
0.05 TYL TYLER TECHNOLOGIES INC 2909644 407.15 3 1,221.45
0.05 EG EVEREST GROUP LTD 2556868 406.25 3 1,218.75
0.05 GRMN GARMIN LTD B3Z5T14 121.39 10 1,213.90
0.05 IFF INTL FLAVORS & FRAGRANCES 2464165 75.67 16 1,210.72
0.05 IRM IRON MOUNTAIN INC BVFTF03 63.72 19 1,210.68
0.05 GPC GENUINE PARTS CO 2367480 134.36 9 1,209.24
0.05 EXPD EXPEDITORS INTL WASH INC 2325507 119.57 10 1,195.70
0.05 BG BUNGE GLOBAL SA BQ6BPG9 108.41 11 1,192.51
0.05 VTR VENTAS INC 2927925 45.55 26 1,184.30
0.05 FLT FLEETCOR TECHNOLOGIES INC B4R28B3 235.12 5 1,175.60
0.05 NTAP NETAPP INC 2630643 78.11 15 1,171.65
0.05 NDAQ NASDAQ INC 2965107 55.58 21 1,167.18
0.05 DPZ DOMINO'S PIZZA INC B01SD70 388.27 3 1,164.81
0.04 NDSN NORDSON CORP 2641838 231.65 5 1,158.25
0.04 CLX CLOROX COMPANY 2204026 144.11 8 1,152.88
0.04 NTRS NORTHERN TRUST CORP 2648668 76.70 15 1,150.50
0.04 AKAM AKAMAI TECHNOLOGIES INC 2507457 114.65 10 1,146.50
0.04 PHM PULTEGROUP INC 2708841 87.59 13 1,138.67
0.04 TRGP TARGA RESOURCES CORP B55PZY3 87.50 13 1,137.50
0.04 IP INTERNATIONAL PAPER CO 2465254 34.26 33 1,130.58
0.04 BALL BALL CORP 2073022 53.71 21 1,127.91
0.04 CNP CENTERPOINT ENERGY INC 2440637 28.15 40 1,126.00
0.04 HOLX HOLOGIC INC 2433530 69.87 16 1,117.92
0.04 PODD INSULET CORP B1XGNW4 185.72 6 1,114.32
0.04 CINF CINCINNATI FINANCIAL CORP 2196888 100.69 11 1,107.59
0.04 PKG PACKAGING CORP OF AMERICA 2504566 158.14 7 1,106.98
0.04 VLTO VERALTO CORP BPGMZQ5 73.32 15 1,099.81
0.04 CMS CMS ENERGY CORP 2219224 57.44 19 1,091.36
0.04 MRO MARATHON OIL CORP 2910970 25.32 43 1,088.76
0.04 SNA SNAP-ON INC 2818740 270.96 4 1,083.84
0.04 JBHT HUNT (JB) TRANS 2445416 180.62 6 1,083.72
0.04 MTD METTLER-TOLEDO 2126249 1,082.16 1 1,082.16
0.04 CBOE CBOE GLOBAL MARKETS INC B5834C5 180.34 6 1,082.04
0.04 ARE ALEXANDRIA REAL 2009210 107.72 10 1,077.20
0.04 ALGN ALIGN TECHNOLOGY INC 2679204 214.14 5 1,070.70
0.04 VRSN VERISIGN INC 2142922 213.49 5 1,067.45
0.04 WRB WR BERKLEY CORP 2093644 71.15 15 1,067.25
0.04 ESS ESSEX PROPERTY TRUST INC 2316619 212.50 5 1,062.50
0.04 LH LABORATORY CP 2586122 212.33 5 1,061.65
0.04 POOL POOL CORP 2781585 350.31 3 1,050.93
0.04 HBAN HUNTINGTON BANCSHARES INC 2445966 10.91 96 1,047.36
0.04 K KELLANOVA 2486813 52.28 20 1,045.60
0.04 MKC MCCORMICK-N/V 2550161 65.01 16 1,040.16
0.04 OMC OMNICOM GROUP 2279303 79.14 13 1,028.82
0.04 BRO BROWN & BROWN INC 2692687 73.42 14 1,027.88
0.04 CCL CARNIVAL CORP 2523044 14.63 70 1,024.10
0.04 ATO ATMOS ENERGY CORP 2315359 112.50 9 1,012.50
0.04 PFG PRINCIPAL FINANCIAL GROUP 2803014 72.30 14 1,012.20
0.04 RF REGIONS FINANCIAL CORP B01R311 16.00 63 1,008.00
0.04 COO COOPER COS INC/THE 2222631 334.34 3 1,003.02
0.04 LNT ALLIANT ENERGY CORP 2973821 50.12 20 1,002.40
0.04 STX SEAGATE TECHNOLO BKVD2N4 76.95 13 1,000.35
0.04 TXT TEXTRON INC 2885937 76.67 13 996.71
0.04 EQT EQT CORP 2319414 39.85 25 996.25
0.04 BBY BEST BUY CO INC 2094670 71.02 14 994.28
0.04 LUV SOUTHWEST AIRLINES CO 2831543 24.82 40 992.80
0.04 ENPH ENPHASE ENERGY INC B65SQW4 99.10 10 991.00
0.04 IEX IDEX CORP 2456612 196.61 5 983.05
0.04 CF CF INDUSTRIES HO B0G4K50 75.60 13 982.80
0.04 ILMN ILLUMINA INC 2613990 96.54 10 965.40
0.04 WBA WALGREENS BOOTS BTN1Y44 19.98 48 959.04
0.04 LDOS LEIDOS HOLDINGS INC BDV82B8 106.34 9 957.06
0.04 LVS LAS VEGAS SANDS CORP B02T2J7 47.66 20 953.20
0.04 DGX QUEST DIAGNOSTICS INC 2702791 135.72 7 950.04
0.04 SWKS SKYWORKS SOLUTIONS INC 2961053 94.78 10 947.80
0.04 WDC WESTERN DIGITAL CORP 2954699 46.89 20 937.80
0.04 NRG NRG ENERGY INC 2212922 46.78 20 935.60
0.04 ZBRA ZEBRA TECH CORP 2989356 233.89 4 935.56
0.04 FSLR FIRST SOLAR INC B1HMF22 155.02 6 930.12
0.04 PTC PTC INC B95N910 154.45 6 926.70
0.04 SYF SYNCHRONY FINANCIAL BP96PS6 30.89 30 926.70
0.04 AMCR AMCOR PLC BJ1F307 9.30 99 920.70
0.04 TER TERADYNE INC 2884183 91.24 10 912.40
0.04 TSN TYSON FOODS INC-CL A 2909730 47.99 19 911.81
0.04 AXON AXON ENTERPRISE INC BDT5S35 227.07 4 908.28
0.03 LKQ LKQ CORP 2971029 44.97 20 899.40
0.03 TRMB TRIMBLE INC 2903958 44.66 20 893.20
0.03 L LOEWS CORP 2523022 68.64 13 892.32
0.03 LW LAMB WESTON HOLDINGS INC BDQZFJ3 98.44 9 885.96
0.03 HUBB HUBBELL INC BDFG6S3 293.70 3 881.10
0.03 TFX TELEFLEX INC 2881407 219.83 4 879.32
0.03 ALB ALBEMARLE CORP 2046853 123.91 7 867.37
0.03 CAG CONAGRA BRANDS INC 2215460 28.22 30 846.60
0.03 MOS MOSAIC CO/THE B3NPHP6 36.28 23 834.44
0.03 MGM MGM RESORTS INTERNATIONAL 2547419 39.73 21 834.33
0.03 MAS MASCO CORP 2570200 59.49 14 832.86
0.03 BF/B BROWN-FORMAN CORP-CLASS B 2146838 59.26 14 829.64
0.03 EMN EASTMAN CHEMICAL CO 2298386 82.36 10 823.60
0.03 UHS UNIVERSAL HLTH-B 2923785 136.08 6 816.48
0.03 SWK STANLEY BLACK & B3Q2FJ4 90.40 9 813.60
0.03 CFG CITIZENS FINANCIAL GROUP BQRX1X3 26.58 30 797.40
0.03 HST HOST HOTELS & RESORTS INC 2567503 17.59 45 791.55
0.03 GEN GEN DIGITAL INC BJN4XN5 21.33 37 789.21
0.03 TAP MOLSON COORS-B B067BM3 60.28 13 783.64
0.03 CRL CHARLES RIVER LA 2604336 195.22 4 780.88
0.03 UAL UNITED AIRLINES B4QG225 38.96 20 779.20
0.03 KIM KIMCO REALTY CORP 2491594 18.97 41 777.77
0.03 JKHY JACK HENRY 2469193 155.14 5 775.70
0.03 APA APA CORP BNNF1C1 36.38 21 763.98
0.03 LYV LIVE NATION ENTE B0T7YX2 84.54 9 760.86
0.03 AVY AVERY DENNISON CORP 2066408 189.70 4 758.80
0.03 ETSY ETSY INC BWTN5N1 75.27 10 752.70
0.03 MAA MID-AMERICA APAR 2589132 123.99 6 743.94
0.03 PNW PINNACLE WEST CAPITAL 2048804 74.34 10 743.40
0.03 KEY KEYCORP 2490911 11.93 62 739.66
0.03 IPG INTERPUBLIC GRP 2466321 30.18 24 724.32
0.03 VTRS VIATRIS INC BMWS3X9 9.14 79 722.06
0.03 EVRG EVERGY INC BFMXGR0 51.26 14 717.64
0.03 PAYC PAYCOM SOFTWARE INC BL95MY0 178.26 4 713.04
0.03 HII HUNTINGTON INGAL B40SSC9 236.68 3 710.04
0.03 RVTY REVVITY INC 2305844 87.75 8 702.00
0.03 MKTX MARKETAXESS HOLDINGS INC B03Q9D0 230.99 3 692.97
0.03 AES AES CORP 2002479 17.17 40 686.80
0.03 INCY INCYTE CORP 2471950 52.70 13 685.10
0.03 CZR CAESARS ENTERTAINMENT INC BMWWGB0 45.23 15 678.45
0.03 CDAY CERIDIAN HCM HOLDING INC BFX1V56 67.75 10 677.50
0.03 FFIV F5 INC 2427599 169.00 4 676.00
0.03 BWA BORGWARNER INC 2111955 33.68 20 673.60
0.03 CE CELANESE CORP B05MZT4 134.51 5 672.55
0.03 UDR UDR INC 2727910 33.45 20 669.00
0.03 SJM JM SMUCKER CO/THE 2951452 109.59 6 657.54
0.03 AIZ ASSURANT INC 2331430 164.01 4 656.04
0.03 NI NISOURCE INC 2645409 26.18 25 654.50
0.03 SPX US 12/15/23 P4020 130.00 5 650.00
0.02 ROL ROLLINS INC 2747305 39.97 16 639.52
0.02 KMX CARMAX INC 2983563 63.68 10 636.80
0.02 PNR PENTAIR PLC BLS09M3 63.59 10 635.90
0.02 BBWI BATH & BODY WORKS INC BNNTGJ5 31.27 20 625.40
0.02 REG REGENCY CENTERS CORP 2726177 61.85 10 618.50
0.02 TECH BIO-TECHNE CORP BSHZ3Q0 61.66 10 616.60
0.02 HRL HORMEL FOODS CORP 2437264 31.95 19 607.05
0.02 GL GLOBE LIFE INC BK6YKG1 120.28 5 601.40
0.02 MTCH MATCH GROUP INC BK80XH9 32.51 18 585.18
0.02 PEAK HEALTHPEAK PROPERTIES INC BJBLRK3 17.02 34 578.68
0.02 JNPR JUNIPER NETWORKS INC 2431846 27.49 21 577.29
0.02 CHRW CH ROBINSON 2116228 82.39 7 576.73
0.02 WRK WESTROCK CO BYR0914 38.41 15 576.15
0.02 GNRC GENERAC HOLDINGS INC B6197Q2 113.88 5 569.40
0.02 FOXA FOX CORP - CLASS A BJJMGL2 29.86 19 567.34
0.02 CPB CAMPBELL SOUP CO 2162845 40.44 14 566.16
0.02 HSIC HENRY SCHEIN INC 2416962 67.41 8 539.28
0.02 CPT CAMDEN PROPERTY TRUST 2166320 89.40 6 536.40
0.02 AOS SMITH (A.O.) CORP 2816023 75.12 7 525.84
0.02 FMC FMC CORP 2328603 52.37 10 523.70
0.02 WYNN WYNN RESORTS LTD 2963811 84.94 6 509.64
0.02 AAL AMERICAN AIRLINE BCV7KT2 12.17 41 498.97
0.02 BXP BOSTON PROPERTIES INC 2019479 55.26 9 497.34
0.02 RHI ROBERT HALF INC 2110703 80.37 6 482.22
0.02 CTLT CATALENT INC BP96PQ4 39.46 12 473.52
0.02 FRT FEDERAL REALTY INVS TRUST BN7P9B2 94.04 5 470.20
0.02 NWSA NEWS CORP - CLASS A BBGVT40 22.33 21 468.93
0.02 QRVO QORVO INC BR9YYP4 93.51 5 467.55
0.02 PARA PARAMOUNT GLOBAL-CLASS B BKTNTR9 13.91 32 445.12
0.02 XRAY DENTSPLY SIRONA INC BYNPPC6 31.48 14 440.72
0.02 IVZ INVESCO LTD B28XP76 13.77 32 440.64
0.02 TPR TAPESTRY INC BF09HX3 31.02 14 434.28
0.02 WHR WHIRLPOOL CORP 2960384 108.33 4 433.32
0.02 ALLE ALLEGION PLC BFRT3W7 104.12 4 416.48
0.02 BEN FRANKLIN RESOURCES INC 2350684 23.97 17 407.49
0.02 DVA DAVITA INC 2898087 99.67 4 398.68
0.02 RL RALPH LAUREN CORP B4V9661 126.63 3 379.89
0.01 VFC VF CORP 2928683 16.91 21 355.11
0.01 CMA COMERICA INC 2212870 43.58 8 348.64
0.01 NCLH NORWEGIAN CRUISE B9CGTC3 14.48 24 347.52
0.01 MHK MOHAWK INDUSTRIES INC 2598699 85.83 4 343.32
0.01 HAS HASBRO INC 2414580 45.71 7 319.97
0.01 ZION ZIONS BANCORP NA 2989828 34.55 9 310.95
0.01 SEDG SOLAREDGE TECHNO BWC52Q6 76.97 4 307.88
0.01 BIO BIO-RAD LABORATORIES-A 2098508 304.40 1 304.40
0.01 SEE SEALED AIR CORP 2232793 32.81 9 295.29
0.01 ALK ALASKA AIR GROUP INC 2012605 36.85 7 257.95
0.01 FOX FOX CORP - CLASS B BJJMGY5 27.88 7 195.16
0.00 XSP US 12/15/23 P402 14.00 7 98.00
0.00 NWS NEWS CORP - CLASS B BBGVT51 23.28 3 69.84
0.00 CASH 1.00 -25 -24.92
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 11/28/23

Return on Equity 22.00%
Weighted Avg. Market Cap 668,437 M
2022 2023
Price-to-earnings 20.69 20.34
Price-to-book value 4.77 4.21

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 10/31/23

Versus Beta
S&P 500 0.78
NASDAQ-100 0.58
MSCI EAFE 0.69
MSCI Emg. Mkts 0.51
Standard Deviation 15.50%

Source: new windowAltaVista Research, LLC

ETF Research

The Case for Tail Risk ETFs in a Portfolio

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Using Options Strategies in a Rising Rate Environment

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ETF Documents

Investing involves risk, including the possible loss of principal. Concentration in a particular industry or sector will subject XTR to loss due to adverse occurrences that may affect that industry or sector. Investors in XTR should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses.

The Fund engages in options trading. An option is a contract sold by one party to another that gives the buyer the right, but not the obligation, to buy (call) or sell (put) a stock at an agreed upon strike price within a certain period or on a specific date. By purchasing put options, in return for the payment of premiums, the Fund may be protected from a significant decline in the price of the S&P 500 Index if the put options become in the money (S&P 500 closes below the strike price as of the expiration date); but during periods where the S&P 500 Index appreciates, the Fund will underperform due to the cost of the premiums paid. A liquid market may not exist for options held by the Fund.

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.

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 S&P or Cboe, nor do these entities 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 these entities.