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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 04/26/24

Inception Date 07/10/23
Total Expense Ratio 0.25%
Net Assets $3.02 million
NAV $30.18
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 04/25/24

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

Distributions As of 04/26/24

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 04/26/24

NAV $30.18 Daily Change $0.06 0.20%
Market Price $30.22 Daily Change $0.08 0.27%

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 As of 04/26/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.35 DELL DELL TECHNOLOGIES -C BHKD3S6 125.06 567 70,909.02
2.29 VST Vistra Corp. BZ8VJQ8 72.70 949 68,992.30
2.23 EOG EOG RESOURCES INC 2318024 135.70 497 67,442.90
2.19 OXY OCCIDENTAL PETROLEUM CORP 2655408 67.78 974 66,017.72
2.15 CVX CHEVRON CORP 2838555 165.89 392 65,031.87
2.15 XOM EXXON MOBIL CORP 2326618 117.96 549 64,760.04
2.08 CMI CUMMINS INC 2240202 291.14 216 62,886.24
2.07 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 102.13 611 62,401.43
2.06 MPC MARATHON PETROLEUM CORP B3K3L40 198.39 313 62,096.07
2.05 VLO VALERO ENERGY CORP 2041364 165.80 373 61,843.40
2.04 COR CENCORA INC 2795393 240.88 255 61,424.40
2.00 MO ALTRIA GROUP INC 2692632 43.38 1,392 60,384.96
2.00 LNG CHENIERE ENERGY INC 2654364 159.14 379 60,314.06
1.99 T AT&T INC 2831811 16.75 3,581 59,981.75
1.98 CSCO CISCO SYSTEMS INC 2198163 47.86 1,248 59,729.28
1.98 LEN LENNAR CORP-A 2511920 154.29 387 59,710.23
1.93 HPE HEWLETT PACKA BYVYWS0 17.17 3,396 58,309.32
1.92 WBD WARNER BROS DISCOVERY INC BM8JYX3 8.11 7,150 57,986.50
1.89 CAH CARDINAL HEALTH INC 2175672 103.21 552 56,971.92
1.87 NUE NUCOR CORP 2651086 175.42 322 56,485.24
1.86 HPQ HP INC BYX4D52 28.00 2,007 56,196.00
1.80 GILD GILEAD SCIENCES INC 2369174 65.42 829 54,233.18
1.77 MMM 3M CO 2595708 91.83 581 53,353.23
1.76 CVS CVS HEALTH CORP 2577609 67.18 789 53,005.02
1.73 BMY BRISTOL-MYERS SQUIBB CO 2126335 44.85 1,167 52,339.95
1.66 BG BUNGE GLOBAL SA BQ6BPG9 102.73 489 50,234.97
1.61 VTRS VIATRIS INC BMWS3X9 11.57 4,210 48,709.70
1.53 PHM PULTEGROUP INC 2708841 113.80 407 46,316.60
1.49 FANG DIAMONDBACK ENERGY INC B7Y8YR3 207.76 216 44,876.16
1.39 EBAY EBAY INC 2293819 52.02 809 42,084.18
1.33 EXPE EXPEDIA GROUP INC B748CK2 135.70 295 40,031.50
1.28 STLD STEEL DYNAMICS INC 2849472 134.04 289 38,737.56
1.25 BLDR BUILDERS FIRSTSOURCE INC B0BV2M7 187.66 201 37,719.66
1.23 DVN DEVON ENERGY CORP 2480677 52.71 703 37,055.13
1.18 SWKS SKYWORKS SOLUTIONS INC 2961053 104.30 341 35,566.30
1.13 THC TENET HEALTHCARE CORP B8DMK08 96.13 355 34,126.15
1.05 DVA DAVITA INC 2898087 133.51 237 31,641.87
1.03 CLF CLEVELAND-CLIFFS INC BYVZ186 17.88 1,739 31,093.32
1.01 SNX TD SYNNEX CORP 2002554 117.44 259 30,416.96
1.00 OMC OMNICOM GROUP 2279303 95.89 315 30,205.35
0.98 ZM ZOOM VIDEO COM-A BGSP7M9 62.00 476 29,512.00
0.94 CSL CARLISLE COS INC 2176318 400.56 71 28,439.76
0.94 WLK Westlake Corporation B01ZP20 149.55 189 28,264.95
0.92 TAP MOLSON COORS-B B067BM3 62.54 445 27,830.30
0.90 OC OWENS CORNING B1FW7Q2 168.50 162 27,297.00
0.89 TOL TOLL BROTHERS INC 2896092 120.22 223 26,809.06
0.89 MRO MARATHON OIL CORP 2910970 27.77 962 26,714.74
0.86 WSM WILLIAMS-SONOMA INC 2967589 282.16 92 25,958.72
0.80 DKS DICK'S SPORTING GOODS INC 2969637 207.12 117 24,233.04
0.78 TPR TAPESTRY INC BF09HX3 40.05 589 23,589.45
0.78 RS RELIANCE INC 2729068 290.62 81 23,540.22
0.77 DINO HF SINCLAIR CORP BMZQ9C1 57.31 406 23,267.86
0.74 GPS GAP INC/THE 2360326 21.35 1,044 22,289.40
0.71 CTRA COTERRA ENERGY INC 2162340 28.29 758 21,443.82
0.70 SNA SNAP-ON INC 2818740 270.70 78 21,114.60
0.69 SKX SKECHERS USA INC-CL A 2428042 65.41 317 20,734.97
0.67 MOS MOSAIC CO/THE B3NPHP6 30.25 666 20,146.50
0.66 BERY BERRY GLOBAL GROUP INC B8BR3H3 57.05 350 19,967.50
0.63 VFC VF CORP 2928683 12.64 1,510 19,086.40
0.62 OVV OVINTIV INC BJ01KB6 53.26 350 18,641.00
0.60 DXC DXC TECHNOLOGY CO BYXD7B3 20.08 897 18,011.76
0.58 NXST Nexstar Media Group Inc 2949758 158.92 111 17,640.12
0.58 CROX CROCS INC B0T7Z62 125.40 139 17,430.60
0.54 DBX DROPBOX INC-CLASS A BG0T321 24.15 677 16,349.55
0.54 UTHR UNITED THERAPEUTICS CORP 2430412 233.85 69 16,135.65
0.53 DOCU DOCUSIGN INC BFYT7B7 57.20 281 16,073.20
0.52 THO THOR INDUSTRIES INC 2889876 100.59 155 15,591.45
0.51 INGR INGREDION INC B7K24P7 113.29 137 15,520.73
0.51 DOX AMDOCS LTD 2256908 84.98 181 15,381.38
0.49 MHK MOHAWK INDUSTRIES INC 2598699 115.45 128 14,777.60
0.46 ALSN ALLISON TRANSMIS B4PZ892 74.49 186 13,855.14
0.44 OLN OLIN CORP 2658526 53.48 246 13,156.08
0.43 NWL NEWELL BRANDS INC 2635701 7.79 1,676 13,056.04
0.42 CHRD CHORD ENERGY CORP BLDDYB1 185.58 69 12,805.02
0.42 MSM MSC INDL DIRECT 2567655 93.22 136 12,677.92
0.42 HRB H&R BLOCK INC 2105505 46.50 272 12,648.00
0.41 AGCO AGCO CORP 2010278 116.61 107 12,477.27
0.41 COLM COLUMBIA SPORTSWEAR CO 2229126 80.00 155 12,400.00
0.41 KRC KILROY REALTY CORP 2495529 33.14 369 12,228.66
0.37 REYN REYNOLDS CONSUME BKV9674 28.46 397 11,298.62
0.37 VYX NCR VOYIX CORP 2632650 12.13 921 11,171.73
0.37 AYI ACUITY BRANDS INC 2818461 252.16 44 11,095.04
0.37 RHI ROBERT HALF INC 2110703 69.35 159 11,026.65
0.36 SMG SCOTTS MIRACLE-GRO CO 2781518 67.75 160 10,840.00
0.35 PII POLARIS INC 2692933 83.81 127 10,643.87
0.32 NEU NEWMARKET CORP B01CGF1 529.41 18 9,529.38
0.31 EPR EPR PROPERTIES B8XXZP1 40.71 229 9,321.45
0.29 MUR MURPHY OIL CORP 2611206 46.44 186 8,637.84
0.29 CBT CABOT CORP 2162500 93.59 92 8,610.28
0.28 TNET TRINET GROUP INC 2693914 105.72 79 8,351.88
0.27 CRI CARTER'S INC 2980939 70.01 115 8,051.15
0.26 LEG LEGGETT & PLATT INC 2510682 17.99 434 7,807.66
0.25 TDC TERADATA CORP B247H10 37.67 198 7,458.66
0.21 RNG RINGCENTRAL INC-CLASS A BDZCRX3 30.64 208 6,373.12
0.21 APLE APPLE HOSPITALIT BXRTX56 14.92 426 6,355.92
0.15 OTHER PAYABLE & RECEIVABLES 1.00 4,475 4,475.11
0.14 YETI YETI HOLDINGS INC BGR7KH2 36.15 119 4,301.85
0.14 SHOO STEVEN MADDEN LTD 2553911 40.48 105 4,250.40
0.13 IPGP IPG PHOTONICS CORP 2698782 88.40 44 3,889.60
0.12 TDOC TELADOC HEALTH INC BYQRFY1 13.01 267 3,473.67
0.09 OLPX OLAPLEX HOLDINGS INC BNKJ933 1.34 1,921 2,574.14
0.01 CASH 1.00 202 202.41
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 04/25/24

Return on Equity 17.00%
Weighted Avg. Market Cap 56,524 M
2023 2024
Price-to-earnings 10.97 11.44
Price-to-book value 2.06 1.84

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.