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AUSF

Adaptive U.S. Factor ETF

Invest in AUSF

Morningstar Rating™ - Overall rating out of 392 Mid-Cap Value funds, based on risk-adjusted returns as of 07/31/2022

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 08/05/22

Inception Date 08/24/18
Total Expense Ratio 0.27%
Net Assets $168.97 million
NAV $29.91
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 08/05/22

Ticker AUSF
Bloomberg Index Ticker AWSUSF
CUSIP 37954Y574
ISIN US37954Y5740
Primary Exchange NYSE Arca
Shares Outstanding 5,650,002
Number of Holdings 173
30-Day Median Bid-Ask Spread 0.28%

Distributions As of 08/05/22

30-Day SEC Yield 1.96%
Distribution Frequency Quarterly
 Distribution History

ETF Prices As of 08/05/22

NAV $29.91 Daily Change $0.00 -0.00%
Market Price $29.90 Daily Change $0.01 0.03%

Performance History

Premium Discount Chart
As of recent
(06/30/22)
As of recent
(06/30/22)
Fund NAV Market Price Index
1 Year -0.01% -0.28% 0.25%
3 Years 8.74% 8.61% 9.06%
Since Inception 7.31% 7.24% 7.64%
1 Year 4.95% 5.02% 5.30%
3 Years 10.27% 10.24% 10.61%
Since Inception 8.65% 8.65% 9.00%
Year-to-Date -8.26% -8.51% -8.16%
1 Month -5.89% -6.09% -5.91%
3 Months -7.70% -8.07% -7.68%
Since Inception 31.21% 30.89% 32.79%
Year-to-Date -3.06% -3.09% -2.90%
1 Month 5.67% 5.93% 5.73%
3 Months 1.45% 1.52% 1.56%
Since Inception 38.65% 38.65% 40.40%

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 08/05/22

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
3.63 PFE PFIZER INC 2684703 49.27 124,586 6,138,352.22
3.51 KO COCA-COLA CO/THE 2206657 63.38 93,574 5,930,720.12
3.09 MRK MERCK & CO. INC. 2778844 87.41 59,632 5,212,433.12
2.88 CVX CHEVRON CORP 2838555 153.64 31,641 4,861,323.24
2.57 UNH UNITEDHEALTH GROUP INC 2917766 535.06 8,127 4,348,432.62
2.57 LLY ELI LILLY & CO 2516152 301.32 14,418 4,344,431.76
2.55 XOM EXXON MOBIL CORP 2326618 88.45 48,725 4,309,726.25
2.47 BMY BRISTOL-MYERS SQUIBB CO 2126335 72.12 57,866 4,173,295.92
2.42 ABBV ABBVIE INC B92SR70 138.04 29,665 4,094,956.60
2.30 COST COSTCO WHOLESALE CORP 2701271 540.67 7,176 3,879,847.92
1.83 AJG ARTHUR J GALLAGHER & CO 2359506 178.51 17,295 3,087,330.45
1.79 COP CONOCOPHILLIPS 2685717 92.85 32,547 3,021,988.95
1.66 WM WASTE MANAGEMENT INC 2937667 168.83 16,561 2,795,993.63
1.64 RSG REPUBLIC SERVICES INC 2262530 141.90 19,569 2,776,841.10
1.62 JKHY JACK HENRY 2469193 211.07 12,985 2,740,743.95
1.62 LMT LOCKHEED MARTIN CORP 2522096 426.41 6,402 2,729,876.82
1.62 MMC MARSH & MCLENNAN COS 2567741 165.60 16,484 2,729,750.40
1.56 ROG ROGERS CORP 2746700 269.10 9,808 2,639,332.80
1.55 PINC PREMIER INC-CLASS A BDZDRC5 38.23 68,511 2,619,175.53
1.55 IBM IBM 2005973 132.48 19,767 2,618,732.16
1.54 MCD MCDONALD'S CORP 2550707 259.23 10,030 2,600,076.90
1.53 PNM PNM RESOURCES INC 2707826 48.10 53,892 2,592,205.20
1.53 DOX AMDOCS LTD 2256908 87.19 29,604 2,581,172.76
1.52 CHNG CHANGE HEALTHCARE INC BK5CVS5 23.88 107,561 2,568,556.68
1.52 CTXS CITRIX SYSTEMS INC 2182553 102.50 25,057 2,568,342.50
1.51 JNJ JOHNSON & JOHNSON 2475833 171.11 14,930 2,554,672.30
1.42 WMT WALMART INC 2936921 126.58 18,906 2,393,121.48
1.39 FLO FLOWERS FOODS INC 2744243 27.68 84,657 2,343,305.76
1.38 VZ VERIZON COMMUNIC 2090571 44.95 52,041 2,339,242.95
1.36 FCN FTI CONSULTING INC 2351449 160.98 14,279 2,298,633.42
1.34 CSCO CISCO SYSTEMS INC 2198163 45.01 50,287 2,263,417.87
1.32 PSA PUBLIC STORAGE 2852533 331.20 6,709 2,222,020.80
1.27 CVS CVS HEALTH CORP 2577609 102.26 21,040 2,151,550.40
1.27 AGNC AGNC INVESTMENT CORP BYYHJL8 12.25 175,623 2,151,381.75
1.17 MCK MCKESSON CORP 2378534 346.69 5,677 1,968,159.13
1.09 OXY OCCIDENTAL PETROLEUM CORP 2655408 59.01 31,334 1,849,019.34
1.03 T AT&T INC 2831811 18.35 95,041 1,744,002.35
1.01 QGEN QIAGEN N.V. BYXS688 49.70 34,268 1,703,119.60
1.00 BRK/B BERKSHIRE HATH-B 2073390 292.07 5,776 1,686,996.32
0.98 VRTX VERTEX PHARM 2931034 288.03 5,736 1,652,140.08
0.87 NOC NORTHROP GRUMMAN CORP 2648806 477.59 3,078 1,470,022.02
0.86 PXD PIONEER NATURAL 2690830 217.15 6,659 1,446,001.85
0.85 EOG EOG RESOURCES INC 2318024 107.01 13,409 1,434,897.09
0.81 DVN DEVON ENERGY CORP 2480677 56.65 24,126 1,366,737.90
0.78 MPC MARATHON PETROLEUM CORP B3K3L40 90.22 14,689 1,325,241.58
0.77 PEP PEPSICO INC 2681511 174.55 7,492 1,307,728.60
0.72 CB CHUBB LTD B3BQMF6 185.32 6,575 1,218,479.00
0.72 AZO AUTOZONE INC 2065955 2,195.19 551 1,209,549.69
0.68 VLO VALERO ENERGY CORP 2041364 104.99 10,907 1,145,125.93
0.60 EA ELECTRONIC ARTS INC 2310194 132.56 7,679 1,017,928.24
0.58 DUK DUKE ENERGY CORP B7VD3F2 109.16 8,939 975,781.24
0.58 GD GENERAL DYNAMICS CORP 2365161 228.76 4,262 974,975.12
0.58 AON AON PLC-CLASS A BLP1HW5 287.53 3,385 973,289.05
0.57 EXC EXELON CORP 2670519 44.77 21,328 954,854.56
0.55 ADM ARCHER-DANIELS-MIDLAND CO 2047317 82.76 11,121 920,373.96
0.54 HSY HERSHEY CO/THE 2422806 227.11 4,004 909,348.44
0.53 ED CONSOLIDATED EDISON INC 2216850 97.19 9,138 888,122.22
0.51 SLB SCHLUMBERGER LTD 2779201 34.66 25,064 868,718.24
0.47 CTVA CORTEVA INC BK73B42 57.90 13,634 789,408.60
0.46 DLTR DOLLAR TREE INC 2272476 164.97 4,731 780,473.07
0.44 WMB WILLIAMS COS INC 2967181 32.22 22,903 737,934.66
0.44 LNG CHENIERE ENERGY INC 2654364 146.44 5,014 734,250.16
0.42 PANW PALO ALTO NETWORKS INC B87ZMX0 501.37 1,410 706,931.70
0.40 PSX PHILLIPS 66 B78C4Y8 83.76 8,085 677,199.60
0.40 CTRA COTERRA ENERGY INC 2162340 27.93 24,092 672,889.56
0.36 CF CF INDUSTRIES HO B0G4K50 100.05 6,017 602,000.85
0.35 NUE NUCOR CORP 2651086 136.64 4,326 591,104.64
0.35 NFG NATIONAL FUEL GAS CO 2626103 71.23 8,278 589,641.94
0.34 KR KROGER CO 2497406 47.25 12,280 580,230.00
0.34 ABC AMERISOURCEBERGEN CORP 2795393 141.31 4,041 571,033.71
0.34 MTB M & T BANK CORP 2340168 178.77 3,165 565,807.05
0.33 ON ON SEMICONDUCTOR 2583576 67.63 8,355 565,048.65
0.33 HPQ HP INC BYX4D52 33.58 16,766 563,002.28
0.32 BKR BAKER HUGHES CO BDHLTQ5 23.88 22,664 541,216.32
0.31 HES HESS CORP 2023748 102.89 5,013 515,787.57
0.29 HAL HALLIBURTON CO 2405302 27.79 17,825 495,356.75
0.29 MRO MARATHON OIL CORP 2910970 21.77 22,492 489,650.84
0.29 FANG DIAMONDBACK ENERGY INC B7Y8YR3 121.37 3,982 483,295.34
0.27 MOS MOSAIC CO/THE B3NPHP6 52.22 8,842 461,729.24
0.27 TSN TYSON FOODS INC-CL A 2909730 87.45 5,204 455,089.80
0.24 WRB WR BERKLEY CORP 2093644 61.83 6,591 407,521.53
0.21 PWR QUANTA SERVICES INC 2150204 136.91 2,617 358,293.47
0.21 ACC AMERICAN CAMPUS B02H871 65.40 5,443 355,972.20
0.21 YUM YUM! BRANDS INC 2098876 118.42 2,961 350,641.62
0.20 APA APA CORP BNNF1C1 31.75 10,643 337,915.25
0.20 Y ALLEGHANY CORP 2016801 837.20 403 337,391.60
0.20 LPLA LPL FINANCIAL HO B75JX34 225.14 1,485 334,332.90
0.20 EQT EQT CORP 2319414 42.13 7,910 333,248.30
0.19 AR ANTERO RESOURCES CORP BFD2WR8 36.67 8,569 314,225.23
0.18 TRGP TARGA RESOURCES CORP B55PZY3 63.72 4,684 298,464.48
0.18 DG DOLLAR GENERAL CORP B5B1S13 253.08 1,178 298,128.24
0.17 NLY ANNALY CAPITAL M 2113456 6.55 44,050 288,527.50
0.17 DGX QUEST DIAGNOSTICS INC 2702791 139.38 2,063 287,540.94
0.17 BG BUNGE LTD 2788713 96.75 2,886 279,220.50
0.16 CSL CARLISLE COS INC 2176318 300.61 920 276,561.20
0.16 FHN FIRST HORIZON CORP 2341484 23.00 11,751 270,273.00
0.16 ACGL ARCH CAPITAL GROUP LTD 2740542 43.81 6,096 267,065.76
0.15 OVV OVINTIV INC BJ01KB6 47.82 5,364 256,506.48
0.14 STLD STEEL DYNAMICS INC 2849472 78.78 2,988 235,394.64
0.13 CHK CHESAPEAKE ENERGY CORP BMZ5LZ5 92.00 2,422 222,824.00
0.13 ADP AUTOMATIC DATA PROCESSING 2065308 247.20 894 220,996.80
0.13 AEP AMERICAN ELECTRIC POWER 2026242 99.46 2,218 220,602.28
0.12 SO SOUTHERN CO/THE 2829601 77.27 2,709 209,324.43
0.12 VST Vistra Corp. BZ8VJQ8 24.60 7,875 193,725.00
0.11 IRM IRON MOUNTAIN INC BVFTF03 52.30 3,590 187,757.00
0.11 MUSA MURPHY USA INC BCZWJ63 286.00 652 186,472.00
0.11 RRC RANGE RESOURCES CORP 2523334 30.74 5,910 181,673.40
0.11 CHTR CHARTER COMMUN-A BZ6VT82 462.98 391 181,025.18
0.11 PGR PROGRESSIVE CORP 2705024 118.28 1,514 179,075.92
0.10 PAYX PAYCHEX INC 2674458 129.55 1,288 166,860.40
0.10 DINO HF SINCLAIR CORP BMZQ9C1 46.30 3,599 166,633.70
0.10 BLDR BUILDERS FIRSTSOURCE INC B0BV2M7 68.37 2,416 165,181.92
0.10 LHX L3HARRIS TECHNOLOGIES INC BK9DTN5 234.58 696 163,267.68
0.10 AFG AMER FINL GROUP 2134532 128.09 1,260 161,393.40
0.10 HRL HORMEL FOODS CORP 2437264 48.91 3,275 160,180.25
0.09 UTHR UNITED THERAPEUTICS CORP 2430412 221.65 713 158,036.45
0.09 SCI SERVICE CORP INT 2797560 64.70 2,441 157,932.70
0.09 AA ALCOA CORP BYNF418 49.42 3,168 156,562.56
0.09 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 709.01 212 150,310.12
0.09 AEE AMEREN CORPORATION 2050832 91.30 1,642 149,914.60
0.09 HRB H&R BLOCK INC 2105505 39.95 3,710 148,214.50
0.09 TMUS T-MOBILE US INC B94Q9V0 144.56 1,016 146,872.96
0.09 FDS FACTSET RESEARCH 2329770 423.31 344 145,618.64
0.09 LNT ALLIANT ENERGY CORP 2973821 61.28 2,342 143,517.76
0.08 APD AIR PRODS & CHEM 2011602 262.64 541 142,088.24
0.08 FR FIRST IND REALTY 2360757 53.01 2,672 141,642.72
0.08 NDAQ NASDAQ INC 2965107 182.07 775 141,104.25
0.08 CACI CACI INTL-A 2159267 287.40 488 140,251.20
0.08 ATVI ACTIVISION BLIZZARD INC 2575818 80.49 1,705 137,235.45
0.08 MAA MID-AMERICA APAR 2589132 179.54 753 135,193.62
0.08 ESS ESSEX PROPERTY TRUST INC 2316619 278.75 481 134,078.75
0.08 DPZ DOMINO'S PIZZA INC B01SD70 387.93 342 132,672.06
0.08 CPT CAMDEN PROPERTY TRUST 2166320 137.28 964 132,337.92
0.08 PG PROCTER & GAMBLE CO/THE 2704407 144.72 912 131,984.64
0.08 PSTG PURE STORAGE-A BYZ62T3 29.63 4,450 131,853.50
0.08 MDLZ MONDELEZ INTER-A B8CKK03 63.77 2,048 130,600.96
0.08 MNDT MANDIANT INC BPH0580 22.81 5,714 130,336.34
0.08 LDOS LEIDOS HOLDINGS INC BDV82B8 100.55 1,294 130,111.70
0.08 GILD GILEAD SCIENCES INC 2369174 61.09 2,116 129,266.44
0.08 HE HAWAIIAN ELECTRIC INDS 2415204 42.52 3,026 128,665.52
0.08 BDX BECTON DICKINSON AND CO 2087807 254.23 503 127,877.69
0.08 MTDR MATADOR RESOURCES CO B7MSLL8 53.74 2,366 127,148.84
0.08 STZ CONSTELLATION-A 2170473 244.36 520 127,067.20
0.07 CFR CULLEN/FROST BANKERS INC 2239556 131.57 956 125,780.92
0.07 SWN SOUTHWESTERN ENERGY CO 2828619 6.83 18,326 125,166.58
0.07 SM SM ENERGY CO 2764188 38.10 3,282 125,044.20
0.07 SON SONOCO PRODUCTS CO 2821395 61.12 2,044 124,929.28
0.07 CLR CONTL RES INC/OK B1XGWS3 66.51 1,861 123,775.11
0.07 NLOK NORTONLIFELOCK INC BJN4XN5 24.21 4,991 120,832.11
0.07 AKAM AKAMAI TECHNOLOGIES INC 2507457 96.28 1,251 120,446.28
0.07 ELS EQUITY LIFESTYLE 2563125 73.72 1,627 119,942.44
0.07 HAS HASBRO INC 2414580 77.91 1,520 118,423.20
0.07 CASH 1.00 118,006 118,006.49
0.07 MUR MURPHY OIL CORP 2611206 32.60 3,579 116,675.40
0.07 INVH INVITATION HOMES INC BD81GW9 37.66 3,060 115,239.60
0.07 LBRDK LIBERTY BROADBAND-C BRTLC06 115.79 995 115,211.05
0.07 DLR DIGITAL REALTY TRUST INC B03GQS4 129.47 884 114,451.48
0.07 ICE INTERCONTINENTAL BFSSDS9 105.02 1,086 114,051.72
0.07 SUI SUN COMMUNITIES INC 2860257 162.17 700 113,519.00
0.07 CHD CHURCH & DWIGHT CO INC 2195841 87.00 1,301 113,187.00
0.07 WSC WILLSCOT MOBILE BMHL0Z4 41.30 2,738 113,079.40
0.07 UNM UNUM GROUP 2433842 35.90 3,133 112,474.70
0.07 MDT MEDTRONIC PLC BTN1Y11 93.28 1,189 110,909.92
0.07 CAR AVIS BUDGET GROUP INC B1CL8J2 184.11 599 110,281.89
0.07 ALL ALLSTATE CORP 2019952 117.00 937 109,629.00
0.06 PDCE PDC ENERGY INC B89M5F2 55.11 1,845 101,677.95
0.06 BAX BAXTER INTERNATIONAL INC 2085102 58.59 1,711 100,247.49
0.06 EXLS EXLSERVICE HOLDINGS INC B07LST0 173.51 541 93,868.91
0.06 ITCI INTRA-CELLULAR T BHCB0P4 59.99 1,556 93,344.44
0.05 DTM DT MIDSTREAM INC BN7L880 54.10 1,684 91,104.40
0.05 SWX SOUTHWEST GAS HO 2831888 76.32 1,188 90,668.16
0.05 TGNA TEGNA INC BZ0P3Z5 21.20 4,140 87,768.00
0.04 UNVR UNIVAR SOLUTIONS INC BZ07PN3 25.75 2,441 62,855.75
0.04 HP HELMERICH & PAYNE 2420101 40.35 1,544 62,300.40
Holdings are subject to change.

Sector Breakdown As of 07/31/22

Sector Weight (%)
Health Care 24.5
Energy 16.0
Financials 12.0
Information Technology 11.4
Consumer Staples 9.7
Industrials 8.8
Real Estate 5.5
Communication Services 4.0
Utilities 3.5
Consumer Discretionary 3.2
Materials 1.4

Source: AltaVista Research, LLC

ETF Characteristics As of 08/05/22

Return on Equity 24.30%
Weighted Avg. Market Cap 163,994 M
2021 2022
Price-to-earnings 18.52 14.07
Price-to-book value 3.73 3.15

Source: AltaVista Research, LLC

ETF Risk Stats As of 07/31/22

Versus Beta
S&P 500 1.00
MSCI EAFE 1.05
MSCI Emg. Mkts 0.90
Standard Deviation 21.60%

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 7/31, AUSF was rated against the following number of Mid-Cap Value funds over the following time periods: 392 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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