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AUSF

Adaptive U.S. Factor ETF

Morningstar Rating™ - Overall rating out of 390 Mid-Cap Value funds, based on risk-adjusted returns as of 11/30/2024

 

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 12/13/24

Inception Date 08/24/18
Total Expense Ratio 0.27%
Net Assets $357.30 million
NAV $43.52
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 12/12/24

Ticker AUSF
Bloomberg Index Ticker AWSUSF
CUSIP 37954Y574
ISIN US37954Y5740
Primary Exchange NYSE Arca
Shares Outstanding 8,210,002
Number of Holdings 193
30-Day Median Bid-Ask Spread 0.23%

Distributions As of 12/13/24

30-Day SEC Yield 2.44%
Distribution Frequency Quarterly

ETF Prices As of 12/13/24

NAV $43.52 Daily Change -$0.07 -0.16%
Market Price $43.52 Daily Change -$0.13 -0.30%

Performance History

As of recent
(09/30/24)
As of recent
(09/30/24)
Fund NAV Market Price Index
1 Year 38.68% 38.81% 39.23%
3 Years 15.48% 15.46% 15.87%
5 Years 14.28% 14.29% 14.66%
Since Inception 12.36% 12.38% 12.73%
1 Year 34.02% 33.92% 34.52%
3 Years 17.39% 17.36% 17.79%
5 Years 14.79% 14.74% 15.16%
Since Inception 13.08% 13.07% 13.45%
Year-to-Date 16.74% 16.85% 17.06%
1 Month 0.57% 0.52% 0.60%
3 Months 8.21% 8.34% 8.30%
Since Inception 103.78% 103.97% 107.91%
Year-to-Date 23.89% 23.80% 24.31%
1 Month 6.32% 5.70% 6.37%
3 Months 6.72% 6.50% 6.83%
Since Inception 116.25% 116.10% 120.78%

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 12/13/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
1.96 T AT&T INC 2831811 23.63 296,458 7,005,302.54
1.83 VZ VERIZON COMMUNIC 2090571 42.28 154,411 6,528,497.08
1.69 WMT WALMART INC 2936921 94.25 63,899 6,022,480.75
1.56 TMUS T-MOBILE US INC B94Q9V0 231.94 24,067 5,582,099.98
1.54 V VISA INC-CLASS A SHARES B2PZN04 314.74 17,509 5,510,782.66
1.54 BSX BOSTON SCIENTIFIC CORP 2113434 90.11 60,899 5,487,608.89
1.53 RSG REPUBLIC SERVICES INC 2262530 208.97 26,127 5,459,759.19
1.47 IBM IBM 2005973 230.82 22,795 5,261,541.90
1.46 BRK/B BERKSHIRE HATH-B 2073390 457.90 11,379 5,210,444.10
1.44 CME CME GROUP INC 2965839 237.19 21,726 5,153,189.94
1.44 COR CENCORA INC 2795393 232.24 22,113 5,135,523.12
1.43 CSCO CISCO SYSTEMS INC 2198163 58.62 87,414 5,124,208.68
1.42 ADP AUTOMATIC DATA PROCESSING 2065308 296.76 17,093 5,072,518.68
1.42 JNPR JUNIPER NETWORKS INC 2431846 37.23 135,949 5,061,381.27
1.40 ICE INTERCONTINENTAL BFSSDS9 155.13 32,274 5,006,665.62
1.38 RTX RTX CORPORATION BM5M5Y3 117.75 41,889 4,932,429.75
1.37 EDR ENDEAVOR GROUP-A BJQ05Y5 30.69 159,452 4,893,581.88
1.37 MMC MARSH & MCLENNAN COS 2567741 215.07 22,743 4,891,337.01
1.35 EA ELECTRONIC ARTS INC 2310194 157.62 30,534 4,812,769.08
1.34 WM WASTE MANAGEMENT INC 2937667 213.20 22,477 4,792,096.40
1.31 ACI ALBERTSONS COS-A BYNQ369 19.50 240,153 4,682,983.50
1.30 DOX AMDOCS LTD 2256908 87.30 53,316 4,654,486.80
1.30 LIN LINDE PLC BNZHB81 435.30 10,644 4,633,333.20
1.29 LMT LOCKHEED MARTIN CORP 2522096 494.65 9,313 4,606,675.45
1.28 JNJ JOHNSON & JOHNSON 2475833 146.62 31,069 4,555,336.78
1.25 GD GENERAL DYNAMICS CORP 2365161 263.11 16,937 4,456,294.07
1.03 MRK MERCK & CO. INC. 2778844 101.19 36,420 3,685,339.80
1.02 KO COCA-COLA CO/THE 2206657 63.12 57,980 3,659,697.60
0.90 CBOE CBOE GLOBAL MARKETS INC B5834C5 200.98 16,004 3,216,483.92
0.88 BR BROADRIDGE FINL B1VP7R6 233.53 13,506 3,154,056.18
0.83 PG PROCTER & GAMBLE CO/THE 2704407 171.06 17,340 2,966,180.40
0.73 TPR TAPESTRY INC BF09HX3 63.20 40,969 2,589,240.80
0.72 MCD MCDONALD'S CORP 2550707 296.60 8,608 2,553,132.80
0.68 DTM DT MIDSTREAM INC BN7L880 99.89 24,244 2,421,611.94
0.67 PEP PEPSICO INC 2681511 157.97 15,102 2,385,662.94
0.66 UNM UNUM GROUP 2433842 73.83 32,118 2,371,271.94
0.64 MO ALTRIA GROUP INC 2692632 54.92 41,306 2,268,525.52
0.64 KMI KINDER MORGAN INC B3NQ4P8 26.88 84,391 2,268,430.08
0.62 MARA MARA HOLDINGS INC BLR7B52 22.73 97,096 2,206,992.08
0.61 WHR WHIRLPOOL CORP 2960384 122.83 17,701 2,174,213.83
0.61 SYF SYNCHRONY FINANCIAL BP96PS6 68.06 31,919 2,172,407.14
0.59 PVH PVH CORP B3V9F12 108.52 19,477 2,113,644.04
0.59 FHN FIRST HORIZON CORP 2341484 20.19 103,798 2,095,681.62
0.59 ONB OLD NATIONAL BANCORP 2658441 22.53 92,852 2,091,955.56
0.57 UMBF UMB FINANCIAL CORP 2918510 122.18 16,758 2,047,492.44
0.57 LAD LITHIA MOTORS INC 2515030 380.57 5,306 2,019,304.42
0.56 WBS WEBSTER FINANCIAL CORP 2945143 58.96 34,114 2,011,361.44
0.56 AL AIR LEASE CORP B3XS562 49.42 40,680 2,010,405.60
0.56 IP INTERNATIONAL PAPER CO 2465254 55.54 35,822 1,989,553.88
0.56 UGI UGI CORP 2910118 28.18 70,587 1,988,788.73
0.56 HPE HEWLETT PACKA BYVYWS0 21.83 90,952 1,985,482.16
0.56 GAP GAP INC/THE 2360326 24.29 81,727 1,985,148.83
0.55 C CITIGROUP INC 2297907 71.01 27,819 1,975,427.19
0.55 UBSI UNITED BANKSHARES INC 2905794 40.67 48,432 1,969,729.44
0.55 ABG ASBURY AUTOMOTIVE GROUP 2855855 253.72 7,751 1,966,583.72
0.55 ALLY ALLY FINANCIAL INC B72XK05 37.68 51,931 1,956,760.08
0.55 ZION ZIONS BANCORP NA 2989828 57.67 33,853 1,952,302.51
0.55 WBA WALGREENS BOOTS BTN1Y44 10.39 187,781 1,951,044.59
0.55 PB PROSPERITY BANCSHARES INC 2310257 80.02 24,374 1,950,407.48
0.55 TAP MOLSON COORS-B B067BM3 61.07 31,899 1,948,071.93
0.54 HBAN HUNTINGTON BANCSHARES INC 2445966 17.17 112,991 1,940,055.47
0.54 CFG CITIZENS FINANCIAL GROUP BQRX1X3 45.70 42,371 1,936,354.70
0.54 FNB FNB CORP 2041308 15.91 121,258 1,929,214.78
0.54 COLB COLUMBIA BANKING 2176608 29.37 65,514 1,924,146.18
0.54 CADE CADENCE BANK BMCS168 36.40 52,860 1,924,104.00
0.54 BEN FRANKLIN RESOURCES INC 2350684 21.97 87,398 1,920,134.06
0.54 VTRS VIATRIS INC BMWS3X9 12.63 152,027 1,920,101.01
0.54 PCAR PACCAR INC 2665861 113.01 16,927 1,912,920.27
0.54 M MACY'S INC 2345022 16.56 115,455 1,911,934.80
0.53 CMA COMERICA INC 2212870 66.58 28,608 1,904,720.64
0.53 RITM RITHM CAPITAL CORP BRJ9GW0 11.12 170,206 1,892,690.72
0.53 QGEN QIAGEN N.V. BMGBZP0 45.40 41,685 1,892,499.00
0.53 OKE ONEOK INC 2130109 104.03 18,136 1,886,688.08
0.53 CNH CNH INDUSTRIAL NV BDX85Z1 11.82 158,898 1,878,174.36
0.53 OZK BANK OZK BZ56Q65 46.79 40,140 1,878,150.60
0.53 HST HOST HOTELS & RESORTS INC 2567503 18.58 101,025 1,877,044.50
0.52 RF REGIONS FINANCIAL CORP B01R311 25.11 74,261 1,864,693.71
0.51 AM ANTERO MIDSTREAM CORP BJBT0Q4 15.11 120,916 1,827,040.76
0.51 SNX TD SYNNEX CORP 2002554 123.24 14,699 1,811,504.76
0.50 LBRDK LIBERTY BROADBAND-C BRTLC06 82.38 21,805 1,796,295.90
0.50 MOS MOSAIC CO/THE B3NPHP6 26.79 66,872 1,791,500.88
0.50 KRC KILROY REALTY CORP 2495529 41.75 42,799 1,786,858.25
0.50 BCC BOISE CASCADE CO B9BP4R1 136.26 13,109 1,786,232.34
0.50 STWD STARWOOD PROPERT B3PQ520 20.14 88,336 1,779,087.04
0.50 CNC CENTENE CORP 2807061 59.42 29,904 1,776,895.68
0.50 LNC LINCOLN NATIONAL CORP 2516378 32.95 53,868 1,774,950.60
0.49 CHE CHEMED CORP 2190084 547.00 3,228 1,765,716.00
0.49 AVT AVNET INC 2066505 54.16 32,570 1,763,991.20
0.49 GM GENERAL MOTORS CO B665KZ5 52.53 33,524 1,761,015.72
0.49 NOV NOV INC BN2RYW9 14.97 117,063 1,752,433.11
0.49 BWA BORGWARNER INC 2111955 34.05 51,449 1,751,838.45
0.49 HPQ HP INC BYX4D52 34.55 50,559 1,746,813.45
0.49 VNOM VIPER ENERGY INC BR1YSF0 51.19 33,949 1,737,849.31
0.49 SLG SL GREEN REALTY CORP BPGKM57 74.63 23,252 1,735,296.76
0.48 SON SONOCO PRODUCTS CO 2821395 51.93 33,317 1,730,151.81
0.48 AGNC AGNC INVESTMENT CORP BYYHJL8 9.58 180,203 1,726,344.74
0.48 NE NOBLE CORP PLC BN2QTL0 30.92 55,790 1,725,026.80
0.48 RDN RADIAN GROUP INC 2173911 33.54 51,192 1,716,979.68
0.48 CRBG COREBRIDGE FINANCIAL INC BMTX0G9 30.69 55,791 1,712,225.79
0.48 NXST Nexstar Media Group Inc 2949758 164.60 10,398 1,711,510.80
0.48 RNR RENAISSANCERE 2728429 267.76 6,388 1,710,450.88
0.48 SOLV SOLVENTUM CORP BMTQB43 69.56 24,470 1,702,133.20
0.47 CMCSA COMCAST CORP-CLASS A 2044545 39.92 42,265 1,687,218.80
0.47 SWKS SKYWORKS SOLUTIONS INC 2961053 90.98 18,498 1,682,948.04
0.47 CIVI CIVITAS RESOURCES INC BMG9GG2 48.05 34,992 1,681,365.60
0.47 CAG CONAGRA BRANDS INC 2215460 28.20 59,605 1,680,861.00
0.47 HOG HARLEY-DAVIDSON INC 2411053 32.59 51,420 1,675,777.80
0.47 VICI VICI PROPERTIES INC BYWH073 31.13 53,470 1,664,521.10
0.47 JXN JACKSON FINANCIAL INC-A BMFX6P4 91.55 18,173 1,663,738.15
0.46 TDG TRANSDIGM GROUP INC B11FJK3 1,259.12 1,309 1,648,188.08
0.46 BBY BEST BUY CO INC 2094670 87.60 18,804 1,647,230.40
0.46 LEA LEAR CORP B570P91 98.35 16,738 1,646,182.30
0.46 ADM ARCHER-DANIELS-MIDLAND CO 2047317 52.40 31,278 1,638,967.20
0.46 WU WESTERN UNION CO B1F76F9 10.76 151,985 1,635,358.60
0.46 CHRD CHORD ENERGY CORP BLDDYB1 119.28 13,671 1,630,676.88
0.46 BG BUNGE GLOBAL SA BQ6BPG9 82.65 19,716 1,629,527.40
0.46 ARW ARROW ELECTRONICS INC 2051404 120.30 13,524 1,626,937.20
0.46 INTC INTEL CORP 2463247 20.34 79,897 1,625,104.98
0.45 EMN EASTMAN CHEMICAL CO 2298386 97.67 16,401 1,601,885.67
0.45 RPRX ROYALTY PHARMA PLC- CL A BMVP7Y0 24.84 64,181 1,594,256.04
0.44 MDT MEDTRONIC PLC BTN1Y11 82.48 19,011 1,568,027.28
0.44 KHC KRAFT HEINZ CO/THE BYRY499 31.69 49,453 1,567,165.57
0.44 OGN ORGANON & CO BLDC8J4 15.30 101,984 1,560,355.20
0.44 PFE PFIZER INC 2684703 25.58 60,838 1,556,236.04
0.43 DINO HF SINCLAIR CORP BMZQ9C1 37.45 40,910 1,532,079.50
0.43 CVS CVS HEALTH CORP 2577609 49.37 30,919 1,526,471.03
0.43 HII HUNTINGTON INGAL B40SSC9 192.14 7,894 1,516,753.16
0.42 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 75.67 20,006 1,513,854.02
0.42 FMC FMC CORP 2328603 53.50 28,282 1,513,087.00
0.41 X UNITED STATES STEEL CORP 2824770 33.26 44,452 1,478,473.52
0.39 DOW DOW INC BHXCF84 40.86 34,091 1,392,958.26
0.27 CE CELANESE CORP B05MZT4 68.58 14,001 960,188.58
0.27 YUM YUM! BRANDS INC 2098876 137.00 6,932 949,684.00
0.22 OTHER PAYABLE & RECEIVABLES 1.00 782,612 782,612.18
0.18 PGR PROGRESSIVE CORP 2705024 251.80 2,529 636,802.20
0.16 CACI CACI INTL-A 2159267 409.91 1,409 577,563.19
0.14 ABBV ABBVIE INC B92SR70 173.37 2,975 515,775.75
0.14 TW TRADEWEB MARKE-A BJXMVK2 131.50 3,684 484,446.00
0.13 GRMN GARMIN LTD B3Z5T14 215.40 2,181 469,787.40
0.13 COST COSTCO WHOLESALE CORP 2701271 989.35 459 454,111.65
0.13 KR KROGER CO 2497406 62.06 7,199 446,769.94
0.11 CHD CHURCH & DWIGHT CO INC 2195841 105.64 3,864 408,192.96
0.11 SO SOUTHERN CO/THE 2829601 83.20 4,852 403,686.40
0.11 TRV TRAVELERS COS INC/THE 2769503 246.30 1,610 396,543.00
0.11 GDDY GODADDY INC - CLASS A BWFRFC6 206.78 1,897 392,261.66
0.11 AAPL APPLE INC 2046251 248.13 1,561 387,330.93
0.10 AFL AFLAC INC 2026361 104.52 3,371 352,336.92
0.10 SNA SNAP-ON INC 2818740 355.11 990 351,558.90
0.10 LDOS LEIDOS HOLDINGS INC BDV82B8 152.76 2,268 346,459.68
0.10 WMB WILLIAMS COS INC 2967181 54.43 6,250 340,187.50
0.09 VRSK VERISK ANALYTICS INC B4P9W92 283.35 1,184 335,486.40
0.09 ORI OLD REPUBLIC INTL CORP 2659109 36.79 9,103 334,899.37
0.09 WRB WR BERKLEY CORP 2093644 60.18 5,524 332,434.32
0.09 DUK DUKE ENERGY CORP B7VD3F2 108.82 3,007 327,221.74
0.09 PKG PACKAGING CORP OF AMERICA 2504566 238.10 1,364 324,768.40
0.09 VRSN VERISIGN INC 2142922 197.40 1,638 323,341.20
0.09 AME AMETEK INC 2089212 187.38 1,689 316,484.82
0.09 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 469.79 668 313,819.72
0.09 ATR APTARGROUP INC 2045247 170.20 1,831 311,636.20
0.09 CVX CHEVRON CORP 2838555 153.87 2,023 311,279.01
0.09 MA MASTERCARD INC - A B121557 529.00 578 305,762.00
0.09 MCK MCKESSON CORP 2378534 576.24 525 302,526.00
0.08 PNW PINNACLE WEST CAPITAL 2048804 87.55 3,386 296,444.30
0.08 NOC NORTHROP GRUMMAN CORP 2648806 480.00 608 291,840.00
0.08 BDX BECTON DICKINSON AND CO 2087807 225.56 1,257 283,528.92
0.08 ED CONSOLIDATED EDISON INC 2216850 92.69 3,042 281,962.98
0.08 CB CHUBB LTD B3BQMF6 276.09 1,019 281,335.71
0.08 TJX TJX COMPANIES INC 2989301 124.85 2,248 280,662.80
0.08 HIG HARTFORD FINL SV 2476193 112.08 2,424 271,681.92
0.08 CAH CARDINAL HEALTH INC 2175672 118.10 2,293 270,803.30
0.08 INGR INGREDION INC B7K24P7 144.31 1,876 270,725.56
0.08 CTLT CATALENT INC BP96PQ4 63.07 4,292 270,696.44
0.08 XOM EXXON MOBIL CORP 2326618 110.84 2,420 268,232.80
0.07 L LOEWS CORP 2523022 84.18 3,161 266,092.98
0.07 ECL ECOLAB INC 2304227 250.20 1,062 265,712.40
0.07 ROP ROPER TECHNOLOGIES INC 2749602 543.66 488 265,306.08
0.07 CL COLGATE-PALMOLIVE CO 2209106 93.44 2,820 263,500.80
0.07 FI FISERV INC 2342034 204.66 1,281 262,169.46
0.07 HOLX HOLOGIC INC 2433530 73.65 3,551 261,531.15
0.07 HON HONEYWELL INTL 2020459 227.62 1,142 259,942.04
0.07 VRTX VERTEX PHARM 2931034 463.73 558 258,761.34
0.07 K KELLANOVA 2486813 80.56 3,162 254,730.72
0.07 DGX QUEST DIAGNOSTICS INC 2702791 155.00 1,627 252,185.00
0.07 AJG ARTHUR J GALLAGHER & CO 2359506 284.59 881 250,723.79
0.07 ATO ATMOS ENERGY CORP 2315359 140.58 1,777 249,810.66
0.07 WELL WELLTOWER INC BYVYHH4 129.12 1,927 248,814.24
0.07 AKAM AKAMAI TECHNOLOGIES INC 2507457 99.24 2,486 246,710.64
0.07 AMGN AMGEN INC 2023607 270.62 908 245,722.96
0.07 UNH UNITEDHEALTH GROUP INC 2917766 520.48 470 244,625.60
0.07 KMB KIMBERLY-CLARK CORP 2491839 131.34 1,855 243,635.70
0.07 CI THE CIGNA GROUP BHJ0775 281.86 830 233,943.80
0.07 FE FIRSTENERGY CORP 2100920 40.27 5,762 232,035.74
0.06 MDLZ MONDELEZ INTER-A B8CKK03 61.93 3,642 225,549.06
0.06 CASH 1.00 224,243 224,242.62
0.05 REGN REGENERON PHARMACEUTICALS 2730190 731.30 255 186,481.50
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 11/30/24

Sector Weight (%)
Financials 24.5
Industrials 12.3
Health Care 11.1
Information Technology 10.7
Consumer Staples 9.6
Communication Services 9.5
Consumer Discretionary 7.5
Materials 6.2
Energy 5.6
Real Estate 2.0
Utilities 1.1

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Financial Services 11.7
Banks 9.0
Capital Goods 7.0
Materials 6.2
Health Care Equipment & Services 6.0
Telecommunication Services 5.4
Technology Hardware & Equipment 5.4
Commercial & Professional Services 5.4
Energy 5.2
Pharmaceuticals, Biotechnology & Life Sciences 5.2
Food, Beverage & Tobacco 4.9
Other 28.6

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 12/13/24

Return on Equity 14.30%
Weighted Avg. Market Cap 115,690 M
2023 2024
Price-to-earnings 13.00 13.20
Price-to-book value 1.98 1.81

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 11/30/24

Versus Beta
S&P 500 0.77
NASDAQ-100 0.47
MSCI EAFE 0.70
MSCI Emg. Mkts 0.40
Standard Deviation 15.80%

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 11/30, AUSF was rated against the following numbers of Mid-Cap Value funds over the following time periods: 390 during the last 3 years, 372 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.