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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 09/22/23

Inception Date 07/10/23
Total Expense Ratio 0.25%
Net Assets $2.61 million
NAV $26.09
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 09/21/23

Ticker FLOW
Bloomberg Index Ticker GXFLOWT
CUSIP 37960A578
ISIN US37960A5781
Primary Exchange NYSE Arca
Shares Outstanding 100,000
Number of Holdings 98
30-Day Median Bid-Ask Spread 0.26%

Distributions As of 09/22/23

30-Day SEC Yield 1.92%
Distribution Frequency Monthly

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

ETF Prices As of 09/22/23

NAV $26.09 Daily Change -$0.04 -0.15%
Market Price $26.13 Daily Change -$0.04 -0.15%

Performance History

As of recent
(06/30/23)
Fund NAV Market Price Index
Year-to-Date -- -- --
1 Month -- -- --
3 Months -- -- --
Since Inception -- -- --
Year-to-Date -- -- --
1 Month -0.34% -0.16% -0.29%
3 Months -- -- --
Since Inception 5.66% 5.86% 5.71%

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 09/22/23

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.53 MPC MARATHON PETROLEUM CORP B3K3L40 153.46 430 65,987.80
2.36 VLO VALERO ENERGY CORP 2041364 145.27 423 61,449.21
2.30 CVX CHEVRON CORP 2838555 166.28 361 60,030.07
2.30 VMW VMWARE INC-CLASS A B23SN61 167.23 358 59,868.34
2.23 BKNG BOOKING HOLDINGS INC BDRXDB4 3,062.54 19 58,188.26
2.15 CF CF INDUSTRIES HO B0G4K50 84.21 665 55,999.65
2.13 ABBV ABBVIE INC B92SR70 152.74 364 55,597.36
2.10 COP CONOCOPHILLIPS 2685717 119.16 460 54,813.60
2.09 MCK MCKESSON CORP 2378534 438.66 124 54,393.84
2.04 CVS CVS HEALTH CORP 2577609 71.15 747 53,149.05
2.03 XOM EXXON MOBIL CORP 2326618 114.94 460 52,872.40
2.02 PSX PHILLIPS 66 B78C4Y8 118.58 444 52,649.52
2.00 OXY OCCIDENTAL PETROLEUM CORP 2655408 62.89 830 52,198.70
2.00 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 94.86 550 52,173.00
1.99 CSCO CISCO SYSTEMS INC 2198163 53.57 970 51,962.90
1.96 LNG CHENIERE ENERGY INC 2654364 159.92 320 51,174.40
1.96 NUE NUCOR CORP 2651086 153.13 333 50,992.29
1.94 BLDR BUILDERS FIRSTSOURCE INC B0BV2M7 121.84 415 50,563.60
1.91 STLD STEEL DYNAMICS INC 2849472 101.10 493 49,842.30
1.91 KR KROGER CO 2497406 45.66 1,090 49,769.40
1.89 CAH CARDINAL HEALTH INC 2175672 88.96 554 49,283.84
1.86 MO ALTRIA GROUP INC 2692632 42.33 1,148 48,594.84
1.84 GILD GILEAD SCIENCES INC 2369174 75.01 640 48,006.40
1.83 DOW DOW INC BHXCF84 50.25 950 47,737.50
1.83 LEN LENNAR CORP-A 2511920 113.50 420 47,670.00
1.76 CTSH COGNIZANT TECH-A 2257019 69.61 660 45,942.60
1.72 BMY BRISTOL-MYERS SQUIBB CO 2126335 58.90 760 44,764.00
1.68 EXPE EXPEDIA GROUP INC B748CK2 100.87 434 43,777.58
1.63 EOG EOG RESOURCES INC 2318024 122.62 347 42,549.14
1.58 PFE PFIZER INC 2684703 32.69 1,260 41,189.40
1.41 MOS MOSAIC CO/THE B3NPHP6 35.80 1,030 36,874.00
1.39 PXD PIONEER NATURAL 2690830 223.07 162 36,137.34
1.36 WLK Westlake Corporation B01ZP20 121.00 293 35,453.00
1.34 VTRS VIATRIS INC BMWS3X9 9.64 3,620 34,896.80
1.28 EXPD EXPEDITORS INTL WASH INC 2325507 113.91 294 33,489.54
1.16 EBAY EBAY INC 2293819 43.13 700 30,191.00
1.15 CBRE CBRE GROUP INC - A B6WVMH3 75.17 400 30,068.00
1.14 NVR NVR INC 2637785 5,962.59 5 29,812.95
1.08 FOXA FOX CORP - CLASS A BJJMGL2 31.35 900 28,215.00
1.08 RS RELIANCE STEEL & ALUMINUM 2729068 262.03 107 28,037.21
1.04 BBY BEST BUY CO INC 2094670 69.25 390 27,007.50
1.00 CHRW CH ROBINSON 2116228 85.93 303 26,036.79
0.98 FANG DIAMONDBACK ENERGY INC B7Y8YR3 150.57 170 25,596.90
0.78 TOL TOLL BROTHERS INC 2896092 74.07 275 20,369.25
0.78 WSM WILLIAMS-SONOMA INC 2967589 140.01 145 20,301.45
0.75 MRO MARATHON OIL CORP 2910970 26.16 750 19,620.00
0.75 LYV LIVE NATION ENTE B0T7YX2 79.75 244 19,459.00
0.75 TXT TEXTRON INC 2885937 77.79 250 19,447.50
0.73 CTRA COTERRA ENERGY INC 2162340 26.05 730 19,016.50
0.73 DINO HF SINCLAIR CORP BMZQ9C1 57.58 330 19,001.40
0.72 APP APPLOVIN CORP-CLASS A BMV3LG4 37.76 497 18,766.72
0.72 OLN OLIN CORP 2658526 46.64 400 18,656.00
0.68 HRB H&R BLOCK INC 2105505 42.05 420 17,661.00
0.67 SWKS SKYWORKS SOLUTIONS INC 2961053 96.42 180 17,355.60
0.67 SNX TD SYNNEX CORP 2002554 102.05 170 17,348.50
0.66 VNO VORNADO REALTY TRUST 2933632 22.42 770 17,263.40
0.66 ZM ZOOM VIDEO COM-A BGSP7M9 68.85 250 17,212.50
0.64 NXST Nexstar Media Group Inc 2949758 139.72 120 16,766.40
0.64 Z ZILLOW GROUP INC - C BYXJF62 45.22 370 16,731.40
0.64 OC OWENS CORNING B1FW7Q2 134.81 123 16,581.63
0.63 X UNITED STATES STEEL CORP 2824770 32.00 510 16,320.00
0.59 CSL CARLISLE COS INC 2176318 254.29 60 15,257.40
0.56 DBX DROPBOX INC-CLASS A BG0T321 26.89 540 14,520.60
0.54 APA APA CORP BNNF1C1 40.22 350 14,077.00
0.52 CLF CLEVELAND-CLIFFS INC BYVZ186 14.46 930 13,447.80
0.51 DXC DXC TECHNOLOGY CO BYXD7B3 20.30 660 13,398.00
0.49 DVN DEVON ENERGY CORP 2480677 46.59 276 12,858.84
0.49 OVV OVINTIV INC BJ01KB6 45.20 280 12,656.00
0.48 CPRI CAPRI HOLDINGS LTD BJ1N1M9 52.36 240 12,566.40
0.46 EQT EQT CORP 2319414 38.45 310 11,919.50
0.43 UTHR UNITED THERAPEUTICS CORP 2430412 222.75 50 11,137.50
0.42 BYD BOYD GAMING CORP 2117232 60.79 180 10,942.20
0.41 CHK CHESAPEAKE ENERGY CORP BMZ5LZ5 82.07 130 10,669.10
0.39 RHI ROBERT HALF INC 2110703 72.92 140 10,208.80
0.39 KRC KILROY REALTY CORP 2495529 32.53 310 10,084.30
0.38 LSTR LANDSTAR SYSTEM INC 2503994 181.46 55 9,980.30
0.36 THO THOR INDUSTRIES INC 2889876 92.93 100 9,293.00
0.36 AR ANTERO RESOURCES CORP BFD2WR8 23.82 390 9,289.80
0.34 ALSN ALLISON TRANSMIS B4PZ892 59.12 150 8,868.00
0.33 MSM MSC INDL DIRECT 2567655 95.09 90 8,558.10
0.31 CROX CROCS INC B0T7Z62 86.45 94 8,126.30
0.30 CHRD CHORD ENERGY CORP BLDDYB1 156.00 50 7,800.00
0.28 CNXC CONCENTRIX CORP BNKVVY4 73.00 100 7,300.00
0.28 RRC RANGE RESOURCES CORP 2523334 30.11 240 7,226.40
0.26 JWN NORDSTROM INC 2641827 14.13 470 6,641.10
0.25 MAN MANPOWERGROUP INC 2562490 73.36 90 6,602.40
0.25 AYI ACUITY BRANDS INC 2818461 164.67 40 6,586.80
0.25 HUN HUNTSMAN CORP B0650B9 24.20 270 6,534.00
0.24 EPR EPR PROPERTIES B8XXZP1 41.89 150 6,283.50
0.22 SWN SOUTHWESTERN ENERGY CO 2828619 6.09 920 5,602.80
0.20 MTDR MATADOR RESOURCES CO B7MSLL8 57.26 90 5,153.40
0.19 SYNA SYNAPTICS INC 2839268 83.16 60 4,989.60
0.19 TDC TERADATA CORP B247H10 44.37 110 4,880.70
0.18 MUR MURPHY OIL CORP 2611206 43.75 110 4,812.50
0.17 CRUS CIRRUS LOGIC INC 2197308 71.80 60 4,308.00
0.16 CRI CARTER'S INC 2980939 68.38 60 4,102.80
0.14 SHOO STEVEN MADDEN LTD 2553911 30.86 120 3,703.20
0.10 OTHER PAYABLE & RECEIVABLES 1.00 2,688 2,687.64
0.08 OLPX OLAPLEX HOLDINGS INC BNKJ933 2.07 990 2,049.30
0.03 CASH 1.00 797 797.06
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 08/31/23

Sector Weight (%)
Energy 26.5
Materials 16.2
Health Care 14.6
Consumer Discretionary 13.7
Information Technology 10.8
Industrials 8.4
Consumer Staples 3.9
Real Estate 3.3
Communication Services 2.6

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Oil & Gas Production 10.4
Oil Refining/Marketing 7.3
Pharmaceuticals: Major 7.3
Information Technology Services 7.2
Steel 6.7
Other Consumer Services 6.1
Integrated Oil 6.1
Chemicals: Specialty 4.2
Homebuilding 4.1
Medical Distributors 3.9
Chemicals: Agricultural 3.6
Other/Cash 33.1

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 09/21/23

Return on Equity 21.70%
Weighted Avg. Market Cap 65,426 M
2022 2023
Price-to-earnings 8.34 10.40
Price-to-book value 2.46 2.08

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.