BUG


Cybersecurity ETF

Morningstar Rating™ - Overall rating out of 221 Technology funds, based on risk-adjusted returns as of 12/31/2022

Reasons to Consider BUG

High Growth Potential

Forecasts suggest the global cybersecurity market could grow from nearly $180bn in 2021 to more than $370bn by 2028.1

Long-Term, Global Challenge

Cybersecurity is a persistent global concern, affecting both public and private sector entities seeking to protect against the increased risk of ransomware attacks and other online threats.

Unconstrained Approach

The realm of cybersecurity extends far beyond personal computers, reaching an ever-multiplying number of devices and applications. BUG invests accordingly, cutting across traditional sector and geographic definitions.

1Grand View Research, Apr 2021

Key Information As of 02/02/23

Inception Date 10/25/19
Total Expense Ratio 0.50%
Net Assets $763.71 million
NAV $23.76
Fact Sheet

ETF Summary

The Global X Cybersecurity ETF (BUG) seeks to invest in companies that stand to potentially benefit from the increased adoption of cybersecurity technology, such as those whose principal business is in the development and management of security protocols preventing intrusion and attacks to systems, networks, applications, computers, and mobile devices.

ETF Objective

The Global X Cybersecurity ETF (BUG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Cybersecurity Index.

Trading Details As of 02/02/23

Ticker BUG
Bloomberg Index Ticker IBUGT
CUSIP 37954Y384
ISIN US37954Y3844
Primary Exchange Nasdaq
Shares Outstanding 32,140,000
Number of Holdings 23
30-Day Median Bid-Ask Spread 0.15%

Distributions As of 02/02/23

30-Day SEC Yield -0.25%
Distribution Frequency Semi-Annually

ETF Prices As of 02/02/23

NAV $23.76 Daily Change $0.59 2.55%
Market Price $23.80 Daily Change $0.55 2.37%

Performance History

As of recent
(12/31/22)
As of recent
(12/31/22)
Fund NAV Market Price Index
1 Year -33.68% -33.67% -33.28%
3 Years 8.87% 8.65% 9.39%
Since Inception 11.19% 11.79% 11.67%
1 Year -21.43% -21.47% -20.96%
3 Years 9.09% 8.99% 9.63%
Since Inception 13.04% 13.68% 13.53%
Year-to-Date -33.68% -33.67% -33.28%
1 Month -7.73% -8.18% -7.67%
3 Months -12.19% -12.34% -11.95%
Since Inception 40.19% 42.64% 42.14%
Year-to-Date 6.50% 6.65% 6.55%
1 Month 6.50% 6.65% 6.55%
3 Months -11.18% -11.06% -10.92%
Since Inception 49.31% 52.13% 51.45%

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 02/02/23

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
7.00 RPD RAPID7 INC BZ22CY6 51.96 1,028,134 53,421,842.64
6.59 OKTA OKTA INC BDFZSP1 81.27 618,822 50,291,663.94
6.53 VRNS VARONIS SYSTEMS INC BJZ2ZR5 27.31 1,825,869 49,864,482.39
6.35 FTNT FORTINET INC B5B2106 53.85 900,969 48,512,675.81
5.89 GEN GEN DIGITAL INC BJN4XN5 23.57 1,908,508 44,983,533.56
5.89 PANW PALO ALTO NETWORKS INC B87ZMX0 162.55 276,554 44,953,852.70
5.85 ZS ZSCALER INC BZ00V34 141.35 315,990 44,665,186.50
5.60 CHKP CHECK POINT SOFTWARE TECH 2181334 128.95 331,763 42,780,838.85
5.13 TENB TENABLE HOLDINGS INC BF7J7N6 45.62 858,818 39,179,277.16
4.48 QLYS QUALYS INC B7XJTN8 123.78 276,134 34,179,866.52
4.44 CRWD CROWDSTRIKE HO-A BJJP138 115.93 292,373 33,894,801.89
4.36 BB BLACKBERRY LTD BCBHZ42 4.58 7,262,438 33,261,966.04
4.02 CYBR CYBERARK SOFTWAR BQT3XY6 148.77 206,297 30,690,804.69
4.01 4704 JP TREND MICRO INC 6125286 48.76 627,875 30,612,543.32
3.80 RDWR RADWARE LTD 2494548 22.66 1,281,412 29,036,795.92
3.77 ATEN A10 NETWORKS INC BKQVBN6 16.14 1,782,909 28,776,151.26
3.40 S SENTINELONE INC -CLASS A BP7L1B8 16.74 1,551,610 25,973,951.40
2.99 DARK LN DARKTRACE PLC BNYK8G8 2.82 8,092,951 22,815,964.59
2.94 053800 KS AHNLAB INC 6406271 78.67 285,143 22,431,965.91
2.27 2326 JP DIGITAL ARTS INC 6543587 42.60 406,449 17,315,908.17
2.12 OSPN ONESPAN INC BFNSSD4 14.46 1,120,541 16,203,022.86
1.31 TLS TELOS CORPORATION BLDDYL1 5.17 1,940,585 10,032,824.45
1.11 ARQQ ARQIT QUANTUM INC BNYCBL0 2.46 3,445,913 8,476,945.98
0.18 CASH 1.00 1,352,502 1,352,502.37
0.00 KOREAN WON 0.00 -1 0.00
0.00 CANADIAN DOLLAR 1.00 0 -0.01
Holdings are subject to change. "Cash" denotes U.S. dollars.

Sector Breakdown As of 12/31/22

Sector Weight (%)
Information Technology 96.6
Communication Services 3.4

Source: AltaVista Research, LLC

Country Breakdown As of 12/31/22

Country Weight (%)
United States 67.5
Israel 14.1
Japan 7.0
Britain 5.7
Canada 3.6
South Korea 2.3

Source: AltaVista Research, LLC

ETF Characteristics As of 02/02/23

Return on Equity 12.50%
Weighted Avg. Market Cap 8,911 M
2022 2023
Price-to-earnings 58.29 46.34
Price-to-book value 6.09 5.56

Source: AltaVista Research, LLC

ETF Risk Stats As of 01/31/23

Versus Beta
S&P 500 0.89
MSCI EAFE 0.74
MSCI Emg. Mkts 0.62
Standard Deviation 29.20%

Source: AltaVista Research, LLC

ETF Research

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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 12/31, BUG was rated against the following numbers of Technology funds over the following time periods: 221 during the last 3 years. With respect to these Technology funds, BUG 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. Cybersecurity Companies are subject to risks associated with additional regulatory oversight with regard to privacy/cybersecurity concerns. Declining or fluctuating subscription renewal rates for products/services or the loss or impairment of intellectual property rights could adversely affect profits. The investable universe of companies in which BUG may invest may be limited. The Fund invests in securities of companies engaged in Information Technology, which can be affected by rapid product obsolescence and intense industry competition. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. BUG 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. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

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 Indxx, nor does Indxx 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 Indxx.

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