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 10/31/24

Inception Date 07/10/23
Total Expense Ratio 0.25%
Net Assets $4.09 million
NAV $31.47
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 10/31/24

Ticker FLOW
Bloomberg Index Ticker GXFLOWT
CUSIP 37960A578
ISIN US37960A5781
Primary Exchange NYSE Arca
Shares Outstanding 130,000
Number of Holdings 100
30-Day Median Bid-Ask Spread 0.47%

Distributions As of 10/31/24

30-Day SEC Yield 1.92%
Trailing 12-Month Distribution (%) 2.10%
Distribution Rate 2.00%
Distribution Frequency Monthly

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

ETF Prices As of 10/31/24

NAV $31.47 Daily Change -$0.02 -0.06%
Market Price $31.53 Daily Change $0.01 0.03%

Performance History

As of recent
(09/30/24)
As of recent
(09/30/24)
Fund NAV Market Price Index
1 Year 24.34% 24.35% 24.76%
Since Inception 22.73% 22.85% 23.12%
1 Year 26.89% 26.98% 27.38%
Since Inception 19.51% 19.68% 19.90%
Year-to-Date 14.99% 14.93% 15.28%
1 Month 0.94% 1.23% 0.96%
3 Months 7.58% 7.68% 7.67%
Since Inception 28.58% 28.74% 29.09%
Year-to-Date 12.99% 13.01% 13.32%
1 Month -1.74% -1.67% -1.70%
3 Months -0.78% -0.68% -0.69%
Since Inception 26.35% 26.59% 26.89%

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 10/31/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.27 BMY BRISTOL-MYERS SQUIBB CO 2126335 55.77 1,662 92,689.74
2.17 MO ALTRIA GROUP INC 2692632 54.46 1,629 88,715.34
2.10 T AT&T INC 2831811 22.54 3,815 85,990.10
2.08 HPE HEWLETT PACKA BYVYWS0 19.49 4,366 85,093.34
2.06 ABNB AIRBNB INC-CLASS A BMGYYH4 134.79 626 84,378.54
2.05 CVX CHEVRON CORP 2838555 148.82 564 83,934.48
2.05 HPQ HP INC BYX4D52 35.52 2,363 83,933.76
2.01 COR CENCORA INC 2795393 228.08 360 82,108.80
2.00 COP CONOCOPHILLIPS 2685717 109.54 747 81,826.38
1.98 WBD WARNER BROS DISCOVERY INC BM8JYX3 8.13 9,964 81,007.32
1.97 GEN GEN DIGITAL INC BJN4XN5 29.11 2,763 80,430.93
1.96 FANG DIAMONDBACK ENERGY INC B7Y8YR3 176.77 454 80,253.58
1.95 CAH CARDINAL HEALTH INC 2175672 108.52 735 79,762.20
1.95 NUE NUCOR CORP 2651086 141.84 561 79,572.24
1.94 EOG EOG RESOURCES INC 2318024 121.96 651 79,395.96
1.94 VLO VALERO ENERGY CORP 2041364 129.76 611 79,283.36
1.93 QCOM QUALCOMM INC 2714923 162.77 486 79,106.22
1.90 DVN DEVON ENERGY CORP 2480677 38.68 2,010 77,746.80
1.88 LEN LENNAR CORP-A 2511920 170.30 451 76,805.30
1.87 EXPE EXPEDIA GROUP INC B748CK2 156.31 489 76,435.59
1.81 ADM ARCHER-DANIELS-MIDLAND CO 2047317 55.21 1,338 73,870.98
1.77 MPC MARATHON PETROLEUM CORP B3K3L40 145.47 499 72,589.53
1.63 ZM ZOOM VIDEO COM-A BGSP7M9 74.74 893 66,742.82
1.52 THC TENET HEALTHCARE CORP B8DMK08 155.02 402 62,318.04
1.52 HAL HALLIBURTON CO 2405302 27.74 2,243 62,220.82
1.34 FOXA FOX CORP - CLASS A BJJMGL2 42.00 1,304 54,768.00
1.30 CLF CLEVELAND-CLIFFS INC BYVZ186 12.98 4,111 53,360.78
1.30 WPC WP CAREY INC B826YT8 55.72 957 53,324.04
1.25 CAG CONAGRA BRANDS INC 2215460 28.94 1,767 51,136.98
1.24 MRO MARATHON OIL CORP 2910970 27.70 1,831 50,718.70
1.18 SWKS SKYWORKS SOLUTIONS INC 2961053 87.58 553 48,431.74
1.18 OC OWENS CORNING B1FW7Q2 176.79 272 48,086.88
1.16 TAP MOLSON COORS-B B067BM3 54.47 869 47,334.43
1.14 SNA SNAP-ON INC 2818740 330.13 141 46,548.33
1.10 PPC PILGRIM'S PRIDE CORP B5L3PZ2 48.44 930 45,049.20
1.10 TPR TAPESTRY INC BF09HX3 47.45 944 44,792.80
1.03 GAP GAP INC/THE 2360326 20.77 2,036 42,287.72
1.02 DINO HF SINCLAIR CORP BMZQ9C1 38.61 1,085 41,891.85
1.01 SMG SCOTTS MIRACLE-GRO CO 2781518 86.98 474 41,228.52
0.99 WSM WILLIAMS-SONOMA INC 2967589 134.13 301 40,373.13
0.96 JBL JABIL INC 2471789 123.09 319 39,265.71
0.95 ARW ARROW ELECTRONICS INC 2051404 118.67 329 39,042.43
0.94 DOCU DOCUSIGN INC BFYT7B7 69.38 556 38,575.28
0.93 BG BUNGE GLOBAL SA BQ6BPG9 84.02 453 38,061.06
0.92 DXC DXC TECHNOLOGY CO BYXD7B3 19.86 1,893 37,594.98
0.87 ADT ADT INC BFWCP81 7.20 4,917 35,402.40
0.86 INGR INGREDION INC B7K24P7 132.76 264 35,048.64
0.86 MTZ MASTEC INC 2155306 122.89 285 35,023.65
0.85 TWLO TWILIO INC - A BD6P5Q0 80.65 433 34,921.45
0.85 WCC WESCO INTERNATIONAL INC 2416973 191.97 180 34,554.60
0.84 RL RALPH LAUREN CORP B4V9661 197.93 174 34,439.82
0.81 OVV OVINTIV INC BJ01KB6 39.20 842 33,006.40
0.78 MTCH MATCH GROUP INC BK80XH9 36.03 890 32,066.70
0.78 AGCO AGCO CORP 2010278 99.84 318 31,749.12
0.76 SNX TD SYNNEX CORP 2002554 115.35 271 31,259.85
0.75 MAT MATTEL INC 2572303 20.38 1,505 30,671.90
0.74 DBX DROPBOX INC-CLASS A BG0T321 25.85 1,175 30,373.75
0.69 PVH PVH CORP B3V9F12 98.46 287 28,258.02
0.68 ALSN ALLISON TRANSMIS B4PZ892 106.86 262 27,997.32
0.67 SKX SKECHERS USA INC-CL A 2428042 61.46 448 27,534.08
0.66 CNM CORE & MAIN INC-CLASS A BNXKS92 44.28 608 26,922.24
0.63 MLI MUELLER INDUSTRIES INC 2609717 81.97 312 25,574.64
0.61 IGT INTERNATIONAL GA BVG7F06 20.32 1,232 25,034.24
0.61 GRAB GRAB HOLDINGS LTD - CL A BP6NH40 4.08 6,115 24,949.20
0.60 BWA BORGWARNER INC 2111955 33.63 735 24,718.05
0.59 DOX AMDOCS LTD 2256908 87.75 274 24,042.13
0.58 CROX CROCS INC B0T7Z62 107.82 219 23,612.58
0.57 MUR MURPHY OIL CORP 2611206 31.48 738 23,232.24
0.57 COLM COLUMBIA SPORTSWEAR CO 2229126 80.47 288 23,175.36
0.56 ETSY ETSY INC BWTN5N1 51.44 449 23,096.56
0.56 CART MAPLEBEAR INC BN4L6W3 44.10 517 22,799.70
0.56 MIDD MIDDLEBY CORP 2590930 129.70 175 22,697.50
0.54 UFPI UFP INDUSTRIES INC BMQ60Q1 122.34 181 22,143.54
0.54 SEE SEALED AIR CORP 2232793 36.18 609 22,033.62
0.52 HRB H&R BLOCK INC 2105505 59.73 357 21,323.61
0.51 HOG HARLEY-DAVIDSON INC 2411053 31.95 648 20,703.60
0.50 KRC KILROY REALTY CORP 2495529 40.22 505 20,311.10
0.49 LEA LEAR CORP B570P91 95.76 211 20,205.36
0.48 CHRD CHORD ENERGY CORP BLDDYB1 125.10 157 19,640.70
0.47 THO THOR INDUSTRIES INC 2889876 103.58 187 19,369.46
0.46 DDS DILLARDS INC-CL A 2269768 371.52 51 18,947.52
0.46 AYI ACUITY BRANDS INC 2818461 300.69 63 18,943.47
0.45 LEVI LEVI STRAUSS-A BHRWS81 17.09 1,075 18,371.75
0.44 QRVO QORVO INC BR9YYP4 71.26 255 18,171.30
0.40 NEU NEWMARKET CORP B01CGF1 524.97 31 16,274.07
0.39 CRUS CIRRUS LOGIC INC 2197308 109.82 146 16,033.72
0.38 LPX LOUISIANA-PACIFIC CORP 2535243 98.90 157 15,527.30
0.38 ZI ZOOMINFO TECHNOLOGIES INC BMWF095 11.05 1,400 15,470.00
0.35 RNG RINGCENTRAL INC-CLASS A BDZCRX3 36.01 401 14,440.01
0.35 AMKR AMKOR TECHNOLOGY INC 2242929 25.45 565 14,379.25
0.33 LYFT LYFT INC-A BJT1RW7 12.97 1,035 13,423.95
0.32 UAA UNDER ARMOUR INC-CLASS A B0PZN11 8.55 1,533 13,107.15
0.27 APLE APPLE HOSPITALIT BXRTX56 14.77 750 11,077.50
0.27 NVST ENVISTA HOLDINGS CORP BK63SF3 20.97 528 11,072.16
0.27 MSM MSC INDL DIRECT 2567655 79.07 140 11,069.80
0.25 TDC TERADATA CORP B247H10 32.23 318 10,249.14
0.25 CRI CARTER'S INC 2980939 54.70 185 10,119.50
0.21 MAN MANPOWERGROUP INC 2562490 62.85 138 8,673.30
0.19 IPGP IPG PHOTONICS CORP 2698782 80.96 98 7,934.08
0.18 SHOO STEVEN MADDEN LTD 2553911 44.97 162 7,285.14
0.07 OTHER PAYABLE & RECEIVABLES 1.00 2,786 2,786.34
0.06 CASH 1.00 2,326 2,326.05
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 09/30/24

Sector Weight (%)
Energy 20.0
Consumer Discretionary 19.6
Information Technology 19.3
Consumer Staples 9.3
Industrials 9.2
Health Care 7.9
Communication Services 6.4
Materials 5.7
Real Estate 2.1
Financials 0.5

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Energy 19.9
Food, Beverage & Tobacco 9.3
Consumer Durables & Apparel 8.6
Capital Goods 8.1
Software & Services 7.5
Technology Hardware & Equipment 7.1
Health Care Equipment & Services 5.7
Materials 5.7
Consumer Services 5.7
Semiconductors & Semiconductor Equipment 4.7
Media & Entertainment 4.4
Other 13.3

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 10/31/24

Return on Equity 12.20%
Weighted Avg. Market Cap 39,422 M
2023 2024
Price-to-earnings 11.94 16.06
Price-to-book value 2.04 1.89

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 10/31/24

Versus Beta
S&P 500 0.79
NASDAQ-100 0.51
MSCI EAFE 0.77
MSCI Emg. Mkts 0.63
Standard Deviation 14.20%

Source: new windowAltaVista Research, LLC

ETF Research

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.