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AUSF

Adaptive U.S. Factor ETF

Morningstar Rating™ - Overall rating out of 375 Mid-Cap Value funds, based on risk-adjusted returns as of 08/31/2024

 

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 09/10/24

Inception Date 08/24/18
Total Expense Ratio 0.27%
Net Assets $297.61 million
NAV $41.28
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 09/10/24

Ticker AUSF
Bloomberg Index Ticker AWSUSF
CUSIP 37954Y574
ISIN US37954Y5740
Primary Exchange NYSE Arca
Shares Outstanding 7,210,002
Number of Holdings 191
30-Day Median Bid-Ask Spread 0.24%

Distributions As of 09/10/24

30-Day SEC Yield 2.50%
Distribution Frequency Quarterly

ETF Prices As of 09/10/24

NAV $41.28 Daily Change -$0.17 -0.41%
Market Price $41.32 Daily Change -$0.11 -0.27%

Performance History

As of recent
(06/30/24)
As of recent
(06/30/24)
Fund NAV Market Price Index
1 Year 27.48% 27.33% 27.98%
3 Years 12.79% 12.77% 13.17%
5 Years 13.03% 13.00% 13.40%
Since Inception 11.42% 11.41% 11.78%
1 Year 31.43% 31.53% 31.94%
3 Years 14.17% 14.23% 14.55%
5 Years 15.01% 15.04% 15.39%
Since Inception 12.44% 12.46% 12.81%
Year-to-Date 7.88% 7.85% 8.09%
1 Month -0.70% -0.65% -0.67%
3 Months -2.44% -2.35% -2.37%
Since Inception 88.31% 88.26% 91.97%
Year-to-Date 16.08% 16.25% 16.37%
1 Month 1.57% 1.69% 1.57%
3 Months 6.85% 7.08% 6.94%
Since Inception 102.63% 102.91% 106.67%

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 09/10/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.19 IBM IBM 2005973 205.32 31,699 6,508,438.68
2.05 VZ VERIZON COMMUNIC 2090571 43.65 139,944 6,108,555.60
2.00 T AT&T INC 2831811 21.71 273,785 5,943,872.35
1.69 RTX RTX CORPORATION BM5M5Y3 120.30 41,884 5,038,645.20
1.65 LMT LOCKHEED MARTIN CORP 2522096 572.19 8,591 4,915,684.29
1.64 WMT WALMART INC 2936921 78.81 62,093 4,893,549.33
1.64 TMUS T-MOBILE US INC B94Q9V0 196.50 24,887 4,890,295.50
1.61 AJG ARTHUR J GALLAGHER & CO 2359506 298.82 16,010 4,784,108.20
1.58 JNJ JOHNSON & JOHNSON 2475833 167.38 28,133 4,708,901.54
1.58 MMC MARSH & MCLENNAN COS 2567741 231.84 20,272 4,699,860.48
1.57 BRK/B BERKSHIRE HATH-B 2073390 458.92 10,172 4,668,134.24
1.55 COR CENCORA INC 2795393 237.53 19,436 4,616,633.08
1.54 JNPR JUNIPER NETWORKS INC 2431846 38.40 119,418 4,585,651.20
1.53 RSG REPUBLIC SERVICES INC 2262530 206.31 22,068 4,552,849.08
1.52 GD GENERAL DYNAMICS CORP 2365161 302.40 14,974 4,528,137.60
1.49 V VISA INC-CLASS A SHARES B2PZN04 285.34 15,508 4,425,052.72
1.47 ROP ROPER TECHNOLOGIES INC 2749602 552.33 7,926 4,377,767.58
1.47 LIN LINDE PLC BNZHB81 463.72 9,403 4,360,359.16
1.41 WM WASTE MANAGEMENT INC 2937667 208.25 20,192 4,204,984.00
1.41 CME CME GROUP INC 2965839 218.48 19,161 4,186,295.28
1.36 DOX AMDOCS LTD 2256908 85.84 47,197 4,051,390.48
1.32 ACI ALBERTSONS COS-A BYNQ369 18.06 217,141 3,921,566.46
1.30 EA ELECTRONIC ARTS INC 2310194 143.80 26,812 3,855,565.60
1.28 MRK MERCK & CO. INC. 2778844 115.33 33,015 3,807,619.95
1.27 CSCO CISCO SYSTEMS INC 2198163 48.79 77,482 3,780,346.78
1.26 KO COCA-COLA CO/THE 2206657 71.55 52,588 3,762,671.40
1.22 MCD MCDONALD'S CORP 2550707 291.27 12,447 3,625,437.69
1.20 BSX BOSTON SCIENTIFIC CORP 2113434 83.06 42,908 3,563,938.48
1.01 CBOE CBOE GLOBAL MARKETS INC B5834C5 211.81 14,224 3,012,785.44
0.93 PG PROCTER & GAMBLE CO/THE 2704407 177.79 15,586 2,771,034.94
0.87 BR BROADRIDGE FINL B1VP7R6 214.15 12,016 2,573,226.40
0.79 PEP PEPSICO INC 2681511 177.81 13,280 2,361,316.80
0.64 MO ALTRIA GROUP INC 2692632 54.08 34,998 1,892,691.84
0.60 WMB WILLIAMS COS INC 2967181 44.79 39,958 1,789,718.82
0.58 DTM DT MIDSTREAM INC BN7L880 74.77 23,001 1,719,784.77
0.58 KMI KINDER MORGAN INC B3NQ4P8 21.12 81,405 1,719,273.60
0.58 SOLV SOLVENTUM CORP BMTQB43 68.35 25,075 1,713,876.25
0.56 UNM UNUM GROUP 2433842 54.15 30,990 1,678,108.50
0.56 HII HUNTINGTON INGAL B40SSC9 260.87 6,431 1,677,654.97
0.56 MDT MEDTRONIC PLC BTN1Y11 90.99 18,206 1,656,563.94
0.55 VICI VICI PROPERTIES INC BYWH073 34.06 48,225 1,642,543.50
0.55 CMA COMERICA INC 2212870 57.40 28,598 1,641,525.20
0.55 OKE ONEOK INC 2130109 91.72 17,877 1,639,678.44
0.54 BBY BEST BUY CO INC 2094670 96.37 16,708 1,610,149.96
0.54 CHE CHEMED CORP 2190084 573.06 2,800 1,604,568.00
0.54 CAG CONAGRA BRANDS INC 2215460 32.79 48,781 1,599,528.99
0.53 FOXA FOX CORP - CLASS A BJJMGL2 39.89 39,291 1,567,317.99
0.53 LBRDK LIBERTY BROADBAND-C BRTLC06 59.57 26,300 1,566,691.00
0.53 CNC CENTENE CORP 2807061 71.00 22,056 1,565,976.00
0.53 FMC FMC CORP 2328603 61.16 25,601 1,565,757.16
0.53 KHC KRAFT HEINZ CO/THE BYRY499 35.52 44,078 1,565,650.56
0.52 SON SONOCO PRODUCTS CO 2821395 54.24 28,422 1,541,609.28
0.52 LAD LITHIA MOTORS INC 2515030 262.02 5,849 1,532,554.98
0.51 UAL UNITED AIRLINES B4QG225 48.42 31,591 1,529,636.22
0.51 ARW ARROW ELECTRONICS INC 2051404 124.96 12,099 1,511,891.04
0.51 AGNC AGNC INVESTMENT CORP BYYHJL8 10.26 147,185 1,510,118.10
0.51 RITM RITHM CAPITAL CORP BRJ9GW0 11.58 130,394 1,509,962.52
0.51 CNH CNH INDUSTRIAL NV BDX85Z1 10.23 147,433 1,508,239.59
0.51 TPR TAPESTRY INC BF09HX3 41.17 36,543 1,504,475.31
0.50 HOG HARLEY-DAVIDSON INC 2411053 34.87 43,027 1,500,351.49
0.50 CMCSA COMCAST CORP-CLASS A 2044545 39.14 38,239 1,496,674.46
0.50 COLB COLUMBIA BANKING 2176608 23.88 62,607 1,495,055.16
0.50 TAP MOLSON COORS-B B067BM3 54.75 27,293 1,494,291.75
0.50 IP INTERNATIONAL PAPER CO 2465254 47.06 31,655 1,489,684.30
0.50 PB PROSPERITY BANCSHARES INC 2310257 72.12 20,575 1,483,869.00
0.50 EMN EASTMAN CHEMICAL CO 2298386 98.19 15,112 1,483,847.28
0.50 RF REGIONS FINANCIAL CORP B01R311 22.32 66,225 1,478,142.00
0.50 PNC PNC FINANCIAL SE 2692665 178.78 8,247 1,474,398.66
0.49 DAL DELTA AIR LINES INC B1W9D46 43.40 33,887 1,470,695.80
0.49 STWD STARWOOD PROPERT B3PQ520 19.70 74,401 1,465,699.70
0.49 KEY KEYCORP 2490911 15.88 92,206 1,464,231.28
0.49 USB US BANCORP 2736035 45.03 32,513 1,464,060.39
0.49 FITB FIFTH THIRD BANCORP 2336747 40.97 35,725 1,463,653.25
0.49 KRC KILROY REALTY CORP 2495529 34.30 42,370 1,453,291.00
0.49 UBSI UNITED BANKSHARES INC 2905794 36.54 39,574 1,446,033.96
0.49 RDN RADIAN GROUP INC 2173911 34.76 41,580 1,445,320.80
0.49 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 93.79 15,374 1,441,927.46
0.48 MTB M & T BANK CORP 2340168 167.15 8,594 1,436,487.10
0.48 WHR WHIRLPOOL CORP 2960384 97.19 14,756 1,434,135.64
0.48 AM ANTERO MIDSTREAM CORP BJBT0Q4 14.24 100,470 1,430,692.80
0.48 RPRX ROYALTY PHARMA PLC- CL A BMVP7Y0 28.06 50,793 1,425,251.58
0.48 UGI UGI CORP 2910118 23.84 59,738 1,424,153.92
0.48 CVS CVS HEALTH CORP 2577609 56.94 24,886 1,417,008.84
0.48 FNB FNB CORP 2041308 13.99 101,178 1,415,480.22
0.47 WBS WEBSTER FINANCIAL CORP 2945143 44.83 31,412 1,408,199.96
0.47 GM GENERAL MOTORS CO B665KZ5 44.82 31,311 1,403,359.02
0.47 HBAN HUNTINGTON BANCSHARES INC 2445966 14.29 98,078 1,401,534.62
0.47 VTRS VIATRIS INC BMWS3X9 11.17 125,081 1,397,154.77
0.47 PRGO PERRIGO CO PLC BGH1M56 27.15 51,336 1,393,772.40
0.47 DINO HF SINCLAIR CORP BMZQ9C1 46.29 30,008 1,389,070.32
0.47 CFG CITIZENS FINANCIAL GROUP BQRX1X3 40.00 34,692 1,387,680.00
0.47 AVT AVNET INC 2066505 49.30 28,129 1,386,759.70
0.47 FHN FIRST HORIZON CORP 2341484 15.48 89,467 1,384,949.16
0.47 PVH PVH CORP B3V9F12 92.99 14,884 1,384,063.16
0.47 JXN JACKSON FINANCIAL INC-A BMFX6P4 79.18 17,461 1,382,561.98
0.46 ADM ARCHER-DANIELS-MIDLAND CO 2047317 59.05 23,362 1,379,526.10
0.46 SNX TD SYNNEX CORP 2002554 110.19 12,509 1,378,366.71
0.46 ONB OLD NATIONAL BANCORP 2658441 18.55 73,715 1,367,413.25
0.46 OGN ORGANON & CO BLDC8J4 20.09 67,626 1,358,606.34
0.46 SYF SYNCHRONY FINANCIAL BP96PS6 46.15 29,374 1,355,610.10
0.46 SIG SIGNET JEWELERS LTD B3CTNK6 76.26 17,754 1,353,920.04
0.45 CRBG COREBRIDGE FINANCIAL INC BMTX0G9 26.61 50,179 1,335,263.19
0.45 CADE CADENCE BANK BMCS168 30.21 43,930 1,327,125.30
0.45 GAP GAP INC/THE 2360326 19.42 68,290 1,326,191.80
0.45 C CITIGROUP INC 2297907 57.95 22,868 1,325,200.60
0.44 AGCO AGCO CORP 2010278 88.78 14,885 1,321,490.30
0.44 LNC LINCOLN NATIONAL CORP 2516378 28.87 45,609 1,316,731.83
0.44 ZION ZIONS BANCORP NA 2989828 45.78 28,717 1,314,664.26
0.44 LEA LEAR CORP B570P91 104.89 12,491 1,310,180.99
0.44 ABG ASBURY AUTOMOTIVE GROUP 2855855 216.53 5,992 1,297,447.76
0.44 OZK BANK OZK BZ56Q65 40.17 32,239 1,295,040.63
0.43 HPQ HP INC BYX4D52 33.19 38,715 1,285,121.20
0.43 AL AIR LEASE CORP B3XS562 41.90 30,570 1,280,883.00
0.43 CE CELANESE CORP B05MZT4 119.16 10,698 1,274,773.68
0.43 NOV NOV INC BN2RYW9 15.87 79,798 1,266,394.26
0.43 EMR EMERSON ELECTRIC CO 2313405 99.10 12,765 1,265,011.50
0.43 M MACY'S INC 2345022 14.31 88,347 1,264,245.57
0.42 MOS MOSAIC CO/THE B3NPHP6 24.54 51,217 1,256,865.18
0.42 BG BUNGE GLOBAL SA BQ6BPG9 96.18 12,977 1,248,127.86
0.42 BEN FRANKLIN RESOURCES INC 2350684 19.50 63,653 1,241,233.50
0.41 OMF ONEMAIN HOLDINGS INC BYSZB89 43.27 28,453 1,231,161.31
0.40 HPE HEWLETT PACKA BYVYWS0 16.10 72,997 1,175,251.70
0.39 WBA WALGREENS BOOTS BTN1Y44 8.88 130,501 1,158,848.88
0.39 PTEN PATTERSON-UTI ENERGY INC 2672537 7.86 146,586 1,152,165.96
0.39 MCK MCKESSON CORP 2378534 505.73 2,276 1,151,041.48
0.39 X UNITED STATES STEEL CORP 2824770 31.22 36,791 1,148,615.02
0.39 HP HELMERICH & PAYNE 2420101 30.35 37,757 1,145,924.95
0.38 ALLY ALLY FINANCIAL INC B72XK05 32.67 34,640 1,131,688.80
0.38 CIVI CIVITAS RESOURCES INC BMG9GG2 53.09 21,125 1,121,526.25
0.37 F FORD MOTOR CO 2615468 10.32 106,276 1,096,768.32
0.33 AMGN AMGEN INC 2023607 328.93 2,938 966,396.34
0.29 INTC INTEL CORP 2463247 18.98 45,757 868,467.86
0.28 YUM YUM! BRANDS INC 2098876 132.89 6,215 825,911.35
0.19 ABBV ABBVIE INC B92SR70 199.35 2,841 566,353.35
0.19 CACI CACI INTL-A 2159267 470.31 1,200 564,372.00
0.19 PGR PROGRESSIVE CORP 2705024 249.13 2,263 563,781.19
0.18 OTHER PAYABLE & RECEIVABLES 1.00 534,209 534,208.87
0.13 KR KROGER CO 2497406 52.30 7,194 376,246.20
0.13 TRV TRAVELERS COS INC/THE 2769503 238.85 1,559 372,367.15
0.12 AFL AFLAC INC 2026361 108.44 3,386 367,177.84
0.12 TW TRADEWEB MARKE-A BJXMVK2 113.99 3,180 362,488.20
0.12 COST COSTCO WHOLESALE CORP 2701271 894.29 405 362,187.45
0.12 CHD CHURCH & DWIGHT CO INC 2195841 105.94 3,414 361,679.16
0.11 SO SOUTHERN CO/THE 2829601 89.64 3,777 338,570.28
0.11 WRB WR BERKLEY CORP 2093644 58.49 5,780 338,072.20
0.11 LDOS LEIDOS HOLDINGS INC BDV82B8 154.06 2,160 332,769.60
0.11 DUK DUKE ENERGY CORP B7VD3F2 116.93 2,749 321,440.57
0.11 ORI OLD REPUBLIC INTL CORP 2659109 34.92 9,148 319,448.16
0.11 AAPL APPLE INC 2046251 220.11 1,444 317,838.84
0.11 GRMN GARMIN LTD B3Z5T14 180.44 1,751 315,950.44
0.11 NOC NORTHROP GRUMMAN CORP 2648806 519.97 606 315,101.82
0.10 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 438.10 694 304,041.40
0.10 ED CONSOLIDATED EDISON INC 2216850 104.97 2,806 294,545.82
0.10 ICE INTERCONTINENTAL BFSSDS9 161.97 1,816 294,137.52
0.10 VRTX VERTEX PHARM 2931034 470.78 620 291,883.60
0.10 TJX TJX COMPANIES INC 2989301 117.83 2,453 289,036.99
0.09 MDLZ MONDELEZ INTER-A B8CKK03 75.13 3,727 280,009.51
0.09 KMB KIMBERLY-CLARK CORP 2491839 146.25 1,886 275,827.50
0.09 MA MASTERCARD INC - A B121557 488.02 561 273,779.22
0.09 DGX QUEST DIAGNOSTICS INC 2702791 152.86 1,785 272,855.10
0.09 HIG HARTFORD FINL SV 2476193 116.84 2,320 271,068.80
0.09 PKG PACKAGING CORP OF AMERICA 2504566 205.04 1,307 267,987.28
0.09 ATR APTARGROUP INC 2045247 151.51 1,763 267,112.13
0.09 VRSK VERISK ANALYTICS INC B4P9W92 273.60 969 265,118.40
0.09 FDS FACTSET RESEARCH 2329770 440.73 601 264,878.73
0.09 UNH UNITEDHEALTH GROUP INC 2917766 599.03 438 262,375.14
0.09 ADP AUTOMATIC DATA PROCESSING 2065308 279.26 937 261,666.62
0.09 XOM EXXON MOBIL CORP 2326618 110.82 2,348 260,205.36
0.09 DRI DARDEN RESTAURANTS INC 2289874 155.61 1,619 251,932.59
0.08 L LOEWS CORP 2523022 79.46 3,137 249,266.02
0.08 CAH CARDINAL HEALTH INC 2175672 114.37 2,168 247,954.16
0.08 BDX BECTON DICKINSON AND CO 2087807 235.69 1,042 245,588.98
0.08 REGN REGENERON PHARMACEUTICALS 2730190 1,136.35 216 245,451.60
0.08 AKAM AKAMAI TECHNOLOGIES INC 2507457 94.72 2,556 242,104.32
0.08 CB CHUBB LTD B3BQMF6 291.03 804 233,988.12
0.08 CL COLGATE-PALMOLIVE CO 2209106 106.84 2,175 232,377.00
0.08 PNW PINNACLE WEST CAPITAL 2048804 89.67 2,526 226,506.42
0.08 CASY CASEY'S GENERAL 2179414 374.91 595 223,071.45
0.07 HOLX HOLOGIC INC 2433530 81.96 2,691 220,554.36
0.07 CI THE CIGNA GROUP BHJ0775 358.10 615 220,231.50
0.07 CVX CHEVRON CORP 2838555 138.23 1,593 220,200.39
0.07 GDDY GODADDY INC - CLASS A BWFRFC6 149.66 1,467 219,551.22
0.07 VRSN VERISIGN INC 2142922 181.12 1,208 218,792.96
0.07 SNA SNAP-ON INC 2818740 275.74 775 213,698.50
0.07 HON HONEYWELL INTL 2020459 200.95 1,062 213,408.90
0.07 ECL ECOLAB INC 2304227 250.70 847 212,342.90
0.07 AME AMETEK INC 2089212 164.94 1,259 207,659.46
0.07 DLB DOLBY LABORATO-A B04NJM9 69.33 2,905 201,403.65
0.07 NEU NEWMARKET CORP B01CGF1 568.47 353 200,669.91
0.06 PSX PHILLIPS 66 B78C4Y8 126.88 1,512 191,842.56
0.06 NSIT INSIGHT ENTERPRISES INC 2475060 198.76 949 188,623.24
0.06 CASH 1.00 184,396 184,395.81
0.06 PCAR PACCAR INC 2665861 94.57 1,948 184,222.36
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 08/31/24

Sector Weight (%)
Financials 25.4
Industrials 12.7
Health Care 11.7
Information Technology 11.1
Consumer Staples 9.9
Communication Services 8.2
Consumer Discretionary 8.2
Materials 5.8
Energy 5.3
Real Estate 1.0
Utilities 0.9

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Financial Services 10.6
Banks 9.8
Capital Goods 9.0
Health Care Equipment & Services 6.2
Materials 5.8
Technology Hardware & Equipment 5.6
Pharmaceuticals, Biotechnology & Life Sciences 5.5
Telecommunication Services 5.3
Energy 5.3
Food, Beverage & Tobacco 5.1
Insurance 5.0
Other 26.8

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 09/10/24

Return on Equity 14.50%
Weighted Avg. Market Cap 114,035 M
2023 2024
Price-to-earnings 12.44 12.67
Price-to-book value 1.93 1.76

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 08/31/24

Versus Beta
S&P 500 0.76
NASDAQ-100 0.46
MSCI EAFE 0.73
MSCI Emg. Mkts 0.46
Standard Deviation 15.90%

Source: new windowAltaVista 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. 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 08/31, AUSF was rated against the following numbers of Mid-Cap Value funds over the following time periods: 375 during the last 3 years, 361 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.

© 2024 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.