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FLOW

U.S. Cash Flow Kings 100 ETF

 

Reasons to Consider FLOW

Strong Balance Sheets

FLOW holds companies that generate a high level of free cash flow, which may be better positioned to invest in new projects, increase dividend payouts, or pay down debt.

Measure of Profitability

Stocks of companies with high free cash flow are less sensitive to accounting adjustments that may impair the quality of a company’s profitability.

ETF Efficiency

FLOW allows investors to buy and sell a basket of U.S. equities that have high free cash flow yields,1 with the tax efficiency of an ETF.

1Free cash flow is the cash a company generates after accounting for operating and capital expenditures. Free cash flow yield is defined as a company’s free cash flow per share, divided by its enterprise value per share.

Key Information As of 07/26/24

Inception Date 07/10/23
Total Expense Ratio 0.25%
Net Assets $3.81 million
NAV $31.74
Fact Sheet View the document

ETF Summary

The Global X U.S. Cash Flow Kings 100 ETF (FLOW) offers exposure to U.S. companies that exhibit high free cash flow yields, relative to the broader domestic equity market. Free cash flow is a measure of profitability that correlates with quality, growth and value factor orientations,2 making FLOW a potentially appealing choice as a portfolio’s core allocation. FLOW may minimize idiosyncratic risks by implementing a sector cap of 25% and an individual constituent cap of 2%.

ETF Objective

The Global X U.S. Cash Flow Kings 100 ETF (FLOW) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Global X U.S. Cash Flow Kings 100 Index.

Trading Details As of 07/25/24

Ticker FLOW
Bloomberg Index Ticker GXFLOWT
CUSIP 37960A578
ISIN US37960A5781
Primary Exchange NYSE Arca
Shares Outstanding 120,000
Number of Holdings 100
30-Day Median Bid-Ask Spread 0.51%

Distributions As of 07/26/24

30-Day SEC Yield 2.20%
Distribution Frequency Monthly

2Global X ETFs, July 2023. "Introducing the U.S. Cash Flow Kings 100 ETF (FLOW)"

ETF Prices As of 07/26/24

NAV $31.74 Daily Change $0.78 2.52%
Market Price $31.75 Daily Change $0.75 2.42%

Performance History

As of recent month & quarter-end (06/30/24)
Fund NAV Market Price Index
Year-to-Date 6.89% 6.74% 7.06%
1 Month -1.84% -1.84% -1.84%
3 Months -4.50% -4.62% -4.43%
Since Inception 19.52% 19.56% 19.88%
Year-to-Date 6.89% 6.74% 7.06%
1 Month -1.84% -1.84% -1.84%
3 Months -4.50% -4.62% -4.43%
Since Inception 19.52% 19.56% 19.88%

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 07/26/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.36 MMM 3M CO 2595708 127.16 706 89,774.96
2.27 BMY BRISTOL-MYERS SQUIBB CO 2126335 50.45 1,717 86,622.65
2.20 LEN LENNAR CORP-A 2511920 176.71 475 83,937.25
2.19 WBD WARNER BROS DISCOVERY INC BM8JYX3 8.31 10,027 83,324.37
2.08 MO ALTRIA GROUP INC 2692632 50.43 1,574 79,376.82
2.06 GILD GILEAD SCIENCES INC 2369174 77.01 1,019 78,473.19
2.02 LNG CHENIERE ENERGY INC 2654364 176.72 436 77,049.92
2.00 XOM EXXON MOBIL CORP 2326618 117.33 650 76,264.50
2.00 VLO VALERO ENERGY CORP 2041364 159.12 479 76,218.48
1.99 FANG DIAMONDBACK ENERGY INC B7Y8YR3 200.76 377 75,686.52
1.97 ADM ARCHER-DANIELS-MIDLAND CO 2047317 63.98 1,174 75,112.52
1.97 EOG EOG RESOURCES INC 2318024 127.15 590 75,018.50
1.95 T AT&T INC 2831811 19.01 3,913 74,386.13
1.93 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 97.26 756 73,528.56
1.93 NUE NUCOR CORP 2651086 160.89 456 73,365.84
1.90 HPQ HP INC BYX4D52 36.34 1,986 72,171.24
1.89 MPC MARATHON PETROLEUM CORP B3K3L40 172.65 417 71,995.05
1.87 BG BUNGE GLOBAL SA BQ6BPG9 114.31 622 71,100.82
1.83 VTRS VIATRIS INC BMWS3X9 12.08 5,767 69,665.36
1.79 HPE HEWLETT PACKA BYVYWS0 19.76 3,453 68,231.28
1.74 GEN GEN DIGITAL INC BJN4XN5 26.09 2,547 66,451.23
1.73 DVN DEVON ENERGY CORP 2480677 46.34 1,420 65,802.80
1.57 THC TENET HEALTHCARE CORP B8DMK08 151.63 395 59,893.85
1.51 PHM PULTEGROUP INC 2708841 129.99 443 57,585.57
1.50 WPC WP CAREY INC B826YT8 60.64 943 57,183.52
1.50 CAH CARDINAL HEALTH INC 2175672 98.35 579 56,944.65
1.47 CLF CLEVELAND-CLIFFS INC BYVZ186 15.47 3,619 55,985.93
1.39 BLDR BUILDERS FIRSTSOURCE INC B0BV2M7 167.49 317 53,094.33
1.36 SWKS SKYWORKS SOLUTIONS INC 2961053 116.18 445 51,700.10
1.33 ZM ZOOM VIDEO COM-A BGSP7M9 60.09 843 50,655.87
1.27 EXPE EXPEDIA GROUP INC B748CK2 125.87 383 48,208.21
1.26 SNX TD SYNNEX CORP 2002554 118.25 405 47,891.25
1.19 DINO HF SINCLAIR CORP BMZQ9C1 50.63 896 45,364.48
1.18 TAP MOLSON COORS-B B067BM3 54.33 827 44,930.91
1.15 TOL TOLL BROTHERS INC 2896092 139.45 315 43,926.75
1.15 WCC WESCO INTERNATIONAL INC 2416973 170.50 256 43,648.00
1.13 MRO MARATHON OIL CORP 2910970 27.87 1,539 42,891.93
1.12 WSM WILLIAMS-SONOMA INC 2967589 155.50 274 42,607.00
1.12 OC OWENS CORNING B1FW7Q2 180.09 236 42,501.24
1.01 TPR TAPESTRY INC BF09HX3 40.82 945 38,574.90
0.95 LSXMK LIBERTY MEDIA CO BPLYVL3 22.56 1,606 36,231.36
0.92 SNA SNAP-ON INC 2818740 280.66 125 35,082.50
0.87 RPM RPM INTERNATIONAL INC 2756174 117.56 283 33,269.48
0.85 MTCH MATCH GROUP INC BK80XH9 33.25 969 32,219.25
0.84 INGR INGREDION INC B7K24P7 121.21 264 31,999.44
0.82 MAT MATTEL INC 2572303 19.17 1,632 31,285.44
0.82 NWL NEWELL BRANDS INC 2635701 8.91 3,508 31,256.28
0.82 CNM CORE & MAIN INC-CLASS A BNXKS92 53.53 580 31,047.40
0.80 SMG SCOTTS MIRACLE-GRO CO 2781518 70.61 434 30,644.74
0.79 GPS GAP INC/THE 2360326 21.44 1,406 30,144.64
0.76 MHK MOHAWK INDUSTRIES INC 2598699 160.71 181 29,088.51
0.76 DOCU DOCUSIGN INC BFYT7B7 55.90 517 28,900.30
0.73 VFC VF CORP 2928683 16.39 1,693 27,748.27
0.71 JNPR JUNIPER NETWORKS INC 2431846 37.25 722 26,894.50
0.69 UFPI UFP INDUSTRIES INC BMQ60Q1 128.83 205 26,410.15
0.68 DBX DROPBOX INC-CLASS A BG0T321 24.15 1,074 25,937.10
0.68 INCY INCYTE CORP 2471950 68.61 377 25,865.97
0.66 RL RALPH LAUREN CORP B4V9661 168.10 149 25,046.90
0.65 AGCO AGCO CORP 2010278 103.52 240 24,844.80
0.64 DXC DXC TECHNOLOGY CO BYXD7B3 20.06 1,217 24,413.02
0.64 UTHR UNITED THERAPEUTICS CORP 2430412 338.22 72 24,351.84
0.61 ARW ARROW ELECTRONICS INC 2051404 122.65 189 23,180.85
0.61 ALSN ALLISON TRANSMIS B4PZ892 87.76 264 23,168.64
0.60 QRVO QORVO INC BR9YYP4 122.01 188 22,937.88
0.59 HRB H&R BLOCK INC 2105505 56.95 392 22,324.40
0.57 FFIV F5 INC 2427599 177.34 123 21,812.82
0.56 MTZ MASTEC INC 2155306 109.58 196 21,477.68
0.56 DOX AMDOCS LTD 2256908 86.92 247 21,469.24
0.56 TWLO TWILIO INC - A BD6P5Q0 58.85 361 21,244.85
0.56 ETSY ETSY INC BWTN5N1 62.27 340 21,171.80
0.55 DDS DILLARDS INC-CL A 2269768 407.45 51 20,779.95
0.53 MUR MURPHY OIL CORP 2611206 40.26 504 20,291.04
0.53 KRC KILROY REALTY CORP 2495529 36.00 562 20,232.00
0.53 CROX CROCS INC B0T7Z62 130.50 154 20,097.00
0.52 EPAM EPAM SYSTEMS INC B44Z3T8 211.05 94 19,838.70
0.52 OLN OLIN CORP 2658526 44.59 440 19,619.60
0.51 LEA LEAR CORP B570P91 121.41 161 19,547.01
0.51 CHRD CHORD ENERGY CORP BLDDYB1 172.62 112 19,333.44
0.50 PVH PVH CORP B3V9F12 100.05 191 19,109.55
0.50 MIDD MIDDLEBY CORP 2590930 131.71 145 19,097.95
0.50 THO THOR INDUSTRIES INC 2889876 103.44 183 18,929.52
0.48 CART MAPLEBEAR INC BN4L6W3 34.32 536 18,395.52
0.44 NEU NEWMARKET CORP B01CGF1 561.87 30 16,856.10
0.44 COLM COLUMBIA SPORTSWEAR CO 2229126 76.38 220 16,803.60
0.41 REYN REYNOLDS CONSUME BKV9674 27.79 565 15,701.35
0.40 AMKR AMKOR TECHNOLOGY INC 2242929 38.15 400 15,260.00
0.39 RHI ROBERT HALF INC 2110703 62.31 236 14,705.16
0.37 EPR EPR PROPERTIES B8XXZP1 45.30 309 13,997.70
0.36 TNET TRINET GROUP INC 2693914 110.99 123 13,651.77
0.31 RNG RINGCENTRAL INC-CLASS A BDZCRX3 34.91 336 11,729.76
0.30 MSM MSC INDL DIRECT 2567655 87.63 132 11,567.16
0.30 ZI ZOOMINFO TECHNOLOGIES INC BMWF095 11.59 998 11,566.82
0.29 PEGA PEGASYSTEMS INC 2675860 66.88 166 11,102.08
0.28 CRI CARTER'S INC 2980939 57.26 187 10,707.62
0.27 PATH UIPATH INC - CLASS A BMD02L5 12.36 819 10,122.84
0.26 APLE APPLE HOSPITALIT BXRTX56 14.99 667 9,998.33
0.20 TDC TERADATA CORP B247H10 32.14 239 7,681.46
0.19 NVST ENVISTA HOLDINGS CORP BK63SF3 16.31 452 7,372.12
0.17 IPGP IPG PHOTONICS CORP 2698782 86.59 75 6,494.25
0.17 SAM BOSTON BEER COMPANY INC-A 2113393 290.91 22 6,400.02
0.07 OTHER PAYABLE & RECEIVABLES 1.00 2,800 2,800.33
0.02 CASH 1.00 786 786.09
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 06/30/24

Sector Weight (%)
Energy 18.0
Information Technology 17.7
Consumer Discretionary 16.9
Industrials 11.2
Health Care 10.2
Consumer Staples 8.5
Materials 8.2
Communication Services 6.3
Real Estate 2.6
Financials 0.5

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Energy 19.0
Technology 12.5
Consumer products 6.3
Chemicals 4.9
Textiles, Apparel & Luxury Goods 4.1
Food Products 4.0
Pharmaceuticals 3.9
Metals & Mining 3.8
Health Care 3.4
Media 3.4
Biotechnology 3.4
Other 31.3

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 07/25/24

Return on Equity 14.70%
Weighted Avg. Market Cap 38,536 M
2023 2024
Price-to-earnings 11.08 12.44
Price-to-book value 1.93 1.74

Source: new windowAltaVista Research, LLC

ETF Research

Introducing the U.S. Cash Flow Kings 100 ETF (FLOW)

Read the Full ArticleRead More

ETF Documents

Investing involves risk, including possible loss of principal. There is no assurance that companies with current high free cash flow yields will continue to maintain high free cash flow yields in the future. FLOW 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. The 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, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. 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 Global X U.S. Cash Flows Kings 100 Index is owned and was developed by Global X Management Company LLC for use by 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.