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 04/19/24

Inception Date 07/10/23
Total Expense Ratio 0.25%
Net Assets $2.99 million
NAV $29.92
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 04/18/24

Ticker FLOW
Bloomberg Index Ticker GXFLOWT
CUSIP 37960A578
ISIN US37960A5781
Primary Exchange NYSE Arca
Shares Outstanding 100,000
Number of Holdings 0
30-Day Median Bid-Ask Spread 0.51%

Distributions As of 04/19/24

30-Day SEC Yield 2.09%
Distribution Frequency Monthly

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

ETF Prices As of 04/19/24

NAV $29.92 Daily Change $0.15 0.50%
Market Price $29.93 Daily Change $0.14 0.47%

Performance History

As of recent month & quarter-end (03/31/24)
Fund NAV Market Price Index
Year-to-Date 11.93% 11.90% 12.03%
1 Month 8.01% 8.00% 8.05%
3 Months 11.93% 11.90% 12.03%
Since Inception 25.16% 25.35% 25.45%
Year-to-Date 11.93% 11.90% 12.03%
1 Month 8.01% 8.00% 8.05%
3 Months 11.93% 11.90% 12.03%
Since Inception 25.16% 25.35% 25.45%

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

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 03/31/24

Sector Weight (%)
Energy 20.5
Consumer Discretionary 15.9
Health Care 14.3
Information Technology 14.1
Materials 11.3
Industrials 9.9
Consumer Staples 5.5
Communication Services 5.5
Utilities 2.1
Real Estate 0.9

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Oil & Gas Production 8.7
Computer Processing Hardware 6.6
Steel 5.9
Integrated Oil 5.5
Oil Refining/Marketing 5.4
Homebuilding 4.7
Medical Distributors 4.2
Pharmaceuticals: Major 3.8
Other Consumer Services 3.2
Information Technology Services 2.6
Trucks/Construction/Farm Machinery 2.6
Other 46.8

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 04/18/24

Return on Equity 17.00%
Weighted Avg. Market Cap 56,524 M
2023 2024
Price-to-earnings 10.84 11.30
Price-to-book value 2.04 1.82

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.