AUSF


Adaptive U.S. Factor ETF

Morningstar Rating™ - Overall rating out of 391 Mid-Cap Value funds, based on risk-adjusted returns as of 10/31/2022

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 11/28/22

Inception Date 08/24/18
Total Expense Ratio 0.27%
Net Assets $175.62 million
NAV $31.70
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 11/28/22

Ticker AUSF
Bloomberg Index Ticker AWSUSF
CUSIP 37954Y574
ISIN US37954Y5740
Primary Exchange NYSE Arca
Shares Outstanding 5,540,002
Number of Holdings 174
30-Day Median Bid-Ask Spread 0.26%

Distributions As of 11/28/22

30-Day SEC Yield 2.22%
Distribution Frequency Quarterly

ETF Prices As of 11/28/22

NAV $31.70 Daily Change -$0.31 -0.96%
Market Price $31.70 Daily Change -$0.28 -0.87%

Performance History

As of recent
(09/30/22)
As of recent
(09/30/22)
Fund NAV Market Price Index
1 Year -2.35% -2.44% -2.23%
3 Years 7.33% 7.31% 7.59%
Since Inception 6.44% 6.45% 6.74%
1 Year 5.73% 5.69% 6.00%
3 Years 10.87% 10.85% 11.20%
Since Inception 9.12% 9.13% 9.46%
Year-to-Date -9.66% -9.65% -9.61%
1 Month -5.60% -5.66% -5.73%
3 Months -1.52% -1.25% -1.59%
Since Inception 29.22% 29.26% 30.68%
Year-to-Date 0.77% 0.78% 0.99%
1 Month 11.55% 11.54% 11.73%
3 Months 3.96% 3.99% 4.00%
Since Inception 44.14% 44.18% 46.01%

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 11/28/22

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
3.73 MRK MERCK & CO. INC. 2778844 108.45 60,434 6,554,067.30
3.34 BMY BRISTOL-MYERS SQUIBB CO 2126335 79.14 74,016 5,857,626.24
3.28 KO COCA-COLA CO/THE 2206657 62.70 91,851 5,759,057.70
2.92 LLY ELI LILLY & CO 2516152 365.77 14,010 5,124,437.70
2.82 CVX CHEVRON CORP 2838555 178.36 27,766 4,952,343.76
2.71 ABBV ABBVIE INC B92SR70 158.43 29,992 4,751,632.56
2.58 XOM EXXON MOBIL CORP 2326618 109.81 41,221 4,526,478.01
2.39 UNH UNITEDHEALTH GROUP INC 2917766 532.27 7,898 4,203,868.46
1.92 COP CONOCOPHILLIPS 2685717 123.84 27,224 3,371,420.16
1.68 IBM IBM 2005973 146.18 20,149 2,945,380.82
1.62 WMT WALMART INC 2936921 153.51 18,563 2,849,606.13
1.59 CI CIGNA CORP BHJ0775 319.51 8,761 2,799,227.11
1.59 CSCO CISCO SYSTEMS INC 2198163 48.08 57,961 2,786,764.88
1.57 FLO FLOWERS FOODS INC 2744243 29.76 92,422 2,750,478.72
1.56 AJG ARTHUR J GALLAGHER & CO 2359506 196.43 13,914 2,733,127.02
1.55 LMT LOCKHEED MARTIN CORP 2522096 483.21 5,646 2,728,203.66
1.54 MCD MCDONALD'S CORP 2550707 272.88 9,909 2,703,967.92
1.51 MMC MARSH & MCLENNAN COS 2567741 168.38 15,776 2,656,362.88
1.51 DOX AMDOCS LTD 2256908 86.43 30,717 2,654,870.31
1.51 JNJ JOHNSON & JOHNSON 2475833 177.33 14,955 2,651,970.15
1.49 MCK MCKESSON CORP 2378534 380.34 6,894 2,622,063.96
1.48 SWCH SWITCH INC - A BF2YWK8 34.21 76,182 2,606,186.22
1.48 PNM PNM RESOURCES INC 2707826 48.72 53,356 2,599,504.32
1.46 ATVI ACTIVISION BLIZZARD INC 2575818 74.72 34,413 2,571,339.36
1.44 WM WASTE MANAGEMENT INC 2937667 164.59 15,383 2,531,887.97
1.44 RSG REPUBLIC SERVICES INC 2262530 136.52 18,531 2,529,852.12
1.42 JKHY JACK HENRY 2469193 188.80 13,170 2,486,496.00
1.39 PINC PREMIER INC-CLASS A BDZDRC5 32.88 74,188 2,439,301.44
1.35 VRTX VERTEX PHARM 2931034 315.30 7,535 2,375,785.50
1.34 FHN FIRST HORIZON CORP 2341484 24.62 95,701 2,356,158.62
1.34 FCN FTI CONSULTING INC 2351449 173.78 13,490 2,344,292.20
1.33 ELV ELEVANCE HEALTH INC BSPHGL4 512.78 4,543 2,329,559.54
1.28 VZ VERIZON COMMUNIC 2090571 38.24 58,837 2,249,926.88
1.27 T AT&T INC 2831811 18.82 118,051 2,221,719.82
1.24 CVS CVS HEALTH CORP 2577609 100.41 21,724 2,181,306.84
1.24 PSA PUBLIC STORAGE 2852533 288.55 7,532 2,173,358.60
1.17 BRK/B BERKSHIRE HATH-B 2073390 313.27 6,530 2,045,653.10
1.13 PGR PROGRESSIVE CORP 2705024 130.02 15,267 1,985,015.34
1.06 OXY OCCIDENTAL PETROLEUM CORP 2655408 68.23 27,377 1,867,932.71
1.06 QGEN QIAGEN N.V. BYXS688 49.08 37,763 1,853,408.04
0.87 PEP PEPSICO INC 2681511 183.89 8,334 1,532,539.26
0.86 SO SOUTHERN CO/THE 2829601 65.84 22,968 1,512,213.12
0.84 REGN REGENERON PHARMACEUTICALS 2730190 741.48 1,981 1,468,871.88
0.83 EOG EOG RESOURCES INC 2318024 136.65 10,651 1,455,459.15
0.81 NOC NORTHROP GRUMMAN CORP 2648806 524.88 2,705 1,419,800.40
0.77 MPC MARATHON PETROLEUM CORP B3K3L40 121.92 11,134 1,357,457.28
0.76 AZO AUTOZONE INC 2065955 2,545.98 521 1,326,455.58
0.67 HSY HERSHEY CO/THE 2422806 232.63 5,072 1,179,899.36
0.64 ROG ROGERS CORP 2746700 104.29 10,742 1,120,283.18
0.64 EA ELECTRONIC ARTS INC 2310194 128.16 8,741 1,120,246.56
0.63 SRE SEMPRA ENERGY 2138158 163.08 6,754 1,101,442.32
0.62 NFG NATIONAL FUEL GAS CO 2626103 64.48 16,855 1,086,810.40
0.61 ADM ARCHER-DANIELS-MIDLAND CO 2047317 96.25 11,165 1,074,631.25
0.61 PFE PFIZER INC 2684703 49.57 21,654 1,073,388.78
0.57 ED CONSOLIDATED EDISON INC 2216850 96.54 10,392 1,003,243.68
0.57 CTVA CORTEVA INC BK73B42 64.93 15,318 994,597.74
0.56 DVN DEVON ENERGY CORP 2480677 66.53 14,892 990,764.76
0.56 CNC CENTENE CORP 2807061 84.93 11,532 979,412.76
0.55 DUK DUKE ENERGY CORP B7VD3F2 98.61 9,848 971,111.28
0.53 GIS GENERAL MILLS INC 2367026 82.93 11,297 936,860.21
0.53 PXD PIONEER NATURAL 2690830 239.50 3,869 926,625.50
0.52 LNG CHENIERE ENERGY INC 2654364 170.43 5,329 908,221.47
0.50 VLO VALERO ENERGY CORP 2041364 134.84 6,476 873,223.84
0.49 COST COSTCO WHOLESALE CORP 2701271 530.92 1,617 858,497.64
0.46 ENPH ENPHASE ENERGY INC B65SQW4 312.21 2,596 810,497.16
0.41 AGNC AGNC INVESTMENT CORP BYYHJL8 9.64 73,736 710,815.04
0.38 KR KROGER CO 2497406 48.83 13,544 661,353.52
0.37 EXC EXELON CORP 2670519 40.23 16,071 646,536.33
0.36 DLTR DOLLAR TREE INC 2272476 147.80 4,271 631,253.80
0.36 ABC AMERISOURCEBERGEN CORP 2795393 167.17 3,736 624,547.12
0.35 HES HESS CORP 2023748 139.52 4,438 619,189.76
0.34 ON ON SEMICONDUCTOR 2583576 69.96 8,552 598,297.92
0.31 GPC GENUINE PARTS CO 2367480 183.23 2,922 535,398.06
0.30 CAH CARDINAL HEALTH INC 2175672 78.46 6,784 532,272.64
0.29 EQT EQT CORP 2319414 41.52 12,340 512,356.80
0.29 WRB WR BERKLEY CORP 2093644 74.79 6,756 505,281.24
0.28 CF CF INDUSTRIES HO B0G4K50 104.40 4,662 486,712.80
0.26 CASH 1.00 463,974 463,973.75
0.25 MTB M & T BANK CORP 2340168 169.52 2,591 439,226.32
0.25 CTRA COTERRA ENERGY INC 2162340 27.15 16,055 435,893.25
0.24 YUM YUM! BRANDS INC 2098876 126.45 3,280 414,756.00
0.23 TGNA TEGNA INC BZ0P3Z5 19.46 20,721 403,230.66
0.23 MRO MARATHON OIL CORP 2910970 29.81 13,414 399,871.34
0.20 K KELLOGG CO 2486813 72.72 4,909 356,982.48
0.20 DGX QUEST DIAGNOSTICS INC 2702791 149.07 2,387 355,830.09
0.20 CHK CHESAPEAKE ENERGY CORP BMZ5LZ5 98.24 3,529 346,688.96
0.19 LPLA LPL FINANCIAL HO B75JX34 234.98 1,452 341,190.96
0.19 DG DOLLAR GENERAL CORP B5B1S13 253.10 1,338 338,647.80
0.18 PWR QUANTA SERVICES INC 2150204 143.56 2,163 310,520.28
0.17 CSL CARLISLE COS INC 2176318 257.25 1,151 296,094.75
0.17 TPL TEXAS PACIFIC LAND CORP BM99VY2 2,504.22 118 295,497.96
0.17 ATO ATMOS ENERGY CORP 2315359 118.07 2,493 294,348.51
0.17 LW LAMB WESTON HOLDINGS INC BDQZFJ3 85.47 3,440 294,016.80
0.16 ADP AUTOMATIC DATA PROCESSING 2065308 258.33 1,092 282,096.36
0.15 SJM JM SMUCKER CO/THE 2951452 151.57 1,784 270,400.88
0.15 STLD STEEL DYNAMICS INC 2849472 102.88 2,600 267,488.00
0.15 APA APA CORP BNNF1C1 44.96 5,882 264,454.72
0.15 MOS MOSAIC CO/THE B3NPHP6 50.26 5,252 263,965.52
0.14 NLY ANNALY CAPITAL M BPMQ7X2 21.05 11,796 248,305.80
0.14 HRB H&R BLOCK INC 2105505 43.31 5,588 242,016.28
0.14 AR ANTERO RESOURCES CORP BFD2WR8 35.89 6,685 239,924.65
0.14 IRM IRON MOUNTAIN INC BVFTF03 53.27 4,489 239,129.03
0.13 GILD GILEAD SCIENCES INC 2369174 85.21 2,702 230,237.42
0.13 SJI SOUTH JERSEY INDUSTRIES 2825933 35.00 6,572 230,020.00
0.13 TRGP TARGA RESOURCES CORP B55PZY3 72.29 3,179 229,809.91
0.13 CVBF CVB FINANCIAL CORP 2160645 28.08 8,009 224,892.72
0.13 APD AIR PRODS & CHEM 2011602 304.46 731 222,560.26
0.12 MUSA MURPHY USA INC BCZWJ63 297.62 723 215,179.26
0.12 AEP AMERICAN ELECTRIC POWER 2026242 95.22 2,174 207,008.28
0.12 CPB CAMPBELL SOUP CO 2162845 52.92 3,815 201,889.80
0.12 NDAQ NASDAQ INC 2965107 66.27 3,039 201,394.53
0.11 LNTH LANTHEUS HOLDINGS INC BP8S8J5 60.89 3,251 197,953.39
0.11 SRPT SAREPTA THERAPEUTICS INC B8DPDT7 118.13 1,660 196,095.80
0.11 LHX L3HARRIS TECHNOLOGIES INC BK9DTN5 225.86 867 195,820.62
0.11 CACI CACI INTL-A 2159267 308.43 621 191,535.03
0.11 UTHR UNITED THERAPEUTICS CORP 2430412 270.69 702 190,024.38
0.11 TMUS T-MOBILE US INC B94Q9V0 149.90 1,258 188,574.20
0.11 VST Vistra Corp. BZ8VJQ8 23.79 7,737 184,063.23
0.10 HRL HORMEL FOODS CORP 2437264 49.11 3,725 182,934.75
0.10 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 852.56 212 180,742.72
0.10 ACHC ACADIA HEALTHCARE CO INC B65VZ37 84.18 2,128 179,135.04
0.10 UNM UNUM GROUP 2433842 41.30 4,322 178,498.60
0.10 FDS FACTSET RESEARCH 2329770 451.46 385 173,812.10
0.09 AEE AMEREN CORPORATION 2050832 87.94 1,860 163,568.40
0.09 KNSL KINSALE CAPITAL GROUP INC BD1MGQ3 306.99 531 163,011.69
0.09 GD GENERAL DYNAMICS CORP 2365161 250.49 642 160,814.58
0.09 AON AON PLC-CLASS A BLP1HW5 305.27 517 157,824.59
0.09 DINO HF SINCLAIR CORP BMZQ9C1 63.34 2,469 156,386.46
0.09 PAYX PAYCHEX INC 2674458 120.47 1,282 154,442.54
0.09 AKAM AKAMAI TECHNOLOGIES INC 2507457 91.55 1,661 152,064.55
0.09 WSC WILLSCOT MOBILE BMHL0Z4 47.28 3,215 152,005.20
0.09 STZ CONSTELLATION-A 2170473 257.50 590 151,925.00
0.08 SON SONOCO PRODUCTS CO 2821395 60.06 2,463 147,927.78
0.08 LNT ALLIANT ENERGY CORP 2973821 55.78 2,634 146,924.52
0.08 CHTR CHARTER COMMUN-A BZ6VT82 384.47 380 146,098.60
0.08 ALL ALLSTATE CORP 2019952 131.87 1,099 144,925.13
0.08 DPZ DOMINO'S PIZZA INC B01SD70 382.29 378 144,505.62
0.08 LDOS LEIDOS HOLDINGS INC BDV82B8 108.11 1,288 139,245.68
0.08 OGE OGE ENERGY CORP 2657802 39.75 3,485 138,528.75
0.08 HE HAWAIIAN ELECTRIC INDS 2415204 40.77 3,362 137,068.74
0.08 CFR CULLEN/FROST BANKERS INC 2239556 145.43 934 135,831.62
0.08 ICE INTERCONTINENTAL BFSSDS9 105.08 1,286 135,132.88
0.08 DLR DIGITAL REALTY TRUST INC B03GQS4 107.48 1,256 134,994.88
0.08 BDX BECTON DICKINSON AND CO 2087807 237.34 562 133,385.08
0.08 GEN GEN DIGITAL INC BJN4XN5 23.03 5,784 133,205.52
0.08 MDLZ MONDELEZ INTER-A B8CKK03 66.15 2,004 132,564.60
0.07 PG PROCTER & GAMBLE CO/THE 2704407 146.60 890 130,474.00
0.07 CHD CHURCH & DWIGHT CO INC 2195841 79.49 1,630 129,568.70
0.07 FR FIRST IND REALTY 2360757 48.64 2,617 127,290.88
0.07 SWN SOUTHWESTERN ENERGY CO 2828619 6.84 18,042 123,407.28
0.07 ELS EQUITY LIFESTYLE 2563125 63.80 1,933 123,325.40
0.07 WTM WHITE MOUNTAINS 2339252 1,422.81 85 120,938.85
0.07 SUI SUN COMMUNITIES INC 2860257 140.01 859 120,268.59
0.07 MAA MID-AMERICA APAR 2589132 158.13 758 119,862.54
0.07 CHRD CHORD ENERGY CORP BLDDYB1 146.52 792 116,043.84
0.07 HII HUNTINGTON INGAL B40SSC9 228.91 499 114,226.09
0.07 BAX BAXTER INTERNATIONAL INC 2085102 55.19 2,067 114,077.73
0.07 HAS HASBRO INC 2414580 61.77 1,846 114,027.42
0.06 APLS APELLIS PHARMACE BYTQ6X1 50.64 2,207 111,762.48
0.06 CPT CAMDEN PROPERTY TRUST 2166320 115.21 942 108,527.82
0.06 INVH INVITATION HOMES INC BD81GW9 30.99 3,497 108,372.03
0.06 PBF PBF ENERGY INC-CLASS A B7F4TJ7 42.82 2,508 107,392.56
0.06 MDT MEDTRONIC PLC BTN1Y11 76.13 1,392 105,972.96
0.06 KRTX KARUNA THERAPEUTICS INC BJMLSD2 223.63 455 101,751.65
0.06 POST POST HOLDINGS INC B6T0518 92.66 1,098 101,740.68
0.06 MUR MURPHY OIL CORP 2611206 45.37 2,182 98,997.34
0.06 ESS ESSEX PROPERTY TRUST INC 2316619 210.46 470 98,916.20
0.06 EXLS EXLSERVICE HOLDINGS INC B07LST0 186.06 530 98,611.80
0.06 IONS IONIS PHARMACEUTICALS INC BDJ0LS6 40.33 2,433 98,122.89
0.06 DTM DT MIDSTREAM INC BN7L880 58.66 1,651 96,847.66
0.05 SWX SOUTHWEST GAS HO 2831888 68.14 1,166 79,451.24
0.05 FLR FLUOR CORP 2696838 32.99 2,402 79,241.98
0.04 SM SM ENERGY CO 2764188 42.14 1,800 75,852.00
0.04 CBT CABOT CORP 2162500 72.27 1,015 73,354.05
0.04 ORA ORMAT TECHNOLOGIES INC B03L311 88.61 820 72,660.20
Holdings are subject to change.

Sector Breakdown As of 10/31/22

Sector Weight (%)
Health Care 26.1
Energy 21.8
Consumer Staples 11.5
Information Technology 8.8
Financials 8.7
Industrials 8.7
Utilities 3.8
Consumer Discretionary 3.8
Communication Services 3.1
Materials 1.9
Real Estate 1.8

Source: AltaVista Research, LLC

ETF Characteristics As of 11/28/22

Return on Equity 27.10%
Weighted Avg. Market Cap 155,212 M
2021 2022
Price-to-earnings 18.53 12.97
Price-to-book value 3.86 3.22

Source: AltaVista Research, LLC

ETF Risk Stats As of 10/31/22

Versus Beta
S&P 500 0.97
MSCI EAFE 1.04
MSCI Emg. Mkts 0.84
Standard Deviation 22.70%

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 10/31, AUSF was rated against the following number of Mid-Cap Value funds over the following time periods: 391 during the last 3 years. With respect to these Mid-Cap Value funds, AUSF received a Morningstar Rating of 5 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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