ONOF


Adaptive U.S. Risk Management ETF

Reasons to Consider ONOF

Risk Management

ONOF is designed to maintain exposure to the equity markets when the trending environment is positive, and then move to a risk-off position when that trend reverses.

Four Signal Approach

ONOF incorporates moving average, convergence/ divergence (MACD), drawdown, and volatility as indicators to shift between equity and fixed income exposure – each receiving an equal vote in the strategy.

Lessen Downside Risk

The strategy seeks to mitigate the extent of drawdowns while remaining invested in equities as much as possible.

Key Information As of 02/27/24

Inception Date 01/12/21
Total Expense Ratio 0.39%
Net Assets $109.95 million
NAV $31.59
Fact Sheet View the document

ETF Summary

The Global X Adaptive U.S. Risk Management ETF (ONOF) seeks to provide a risk management solution by employing four technical indicators to dictate whether the Fund is participating in the U.S. equity markets or in a defensive stance in short term treasuries.

ETF Objective

The Global X Adaptive U.S. Risk Management ETF (ONOF) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Adaptive Wealth Strategies U.S. Risk Management Index.

Trading Details As of 02/27/24

Ticker ONOF
Bloomberg Index Ticker AWSRSK
CUSIP 37954Y194
ISIN US37954Y1947
Primary Exchange NYSE Arca
Shares Outstanding 3,480,000
Number of Holdings 504
30-Day Median Bid-Ask Spread 0.23%

Distributions As of 02/27/24

30-Day SEC Yield 1.04%
Distribution Frequency Semi-Annually

ETF Prices As of 02/27/24

NAV $31.59 Daily Change $0.05 0.16%
Market Price $31.62 Daily Change $0.03 0.09%

Performance History

As of recent
(12/31/23)
As of recent
(12/31/23)
Fund NAV Market Price Index
1 Year 11.59% 11.55% 12.10%
Since Inception 7.43% 7.43% 7.61%
1 Year 9.69% 10.07% 10.18%
3 Years 8.73% 8.65% 8.93%
Since Inception 7.79% 7.85% 7.97%
Year-to-Date 11.59% 11.55% 12.10%
1 Month 4.53% 4.45% 4.56%
3 Months 4.71% 4.75% 4.86%
Since Inception 23.71% 23.70% 24.31%
Year-to-Date 1.62% 1.82% 1.66%
1 Month 1.62% 1.82% 1.66%
3 Months 8.77% 8.95% 8.95%
Since Inception 25.71% 25.95% 26.37%

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 02/27/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
6.91 MSFT MICROSOFT CORP 2588173 407.48 18,651 7,599,909.48
6.26 AAPL APPLE INC 2046251 182.63 37,673 6,880,219.99
4.32 NVDA NVIDIA CORP 2379504 787.01 6,031 4,746,457.31
3.61 AMZN AMAZON.COM INC 2000019 173.54 22,892 3,972,677.68
2.48 META META PLATFORMS INC B7TL820 487.05 5,600 2,727,480.00
1.91 GOOGL ALPHABET INC-CL A BYVY8G0 138.88 15,108 2,098,199.04
1.61 GOOG ALPHABET INC-CL C BYY88Y7 140.10 12,593 1,764,279.30
1.50 LLY ELI LILLY & CO 2516152 765.00 2,149 1,643,985.00
1.38 AVGO BROADCOM INC BDZ78H9 1,296.23 1,166 1,511,404.18
1.27 TSLA TESLA INC B616C79 199.73 6,986 1,395,313.78
1.23 JPM JPMORGAN CHASE & CO 2190385 183.45 7,372 1,352,393.40
1.22 BRK/B BERKSHIRE HATH-B 2073390 408.91 3,283 1,342,451.53
1.10 UNH UNITEDHEALTH GROUP INC 2917766 513.42 2,359 1,211,157.78
1.04 V VISA INC-CLASS A SHARES B2PZN04 283.17 4,019 1,138,060.23
0.96 XOM EXXON MOBIL CORP 2326618 104.03 10,179 1,058,921.37
0.92 MA MASTERCARD INC - A B121557 474.75 2,131 1,011,692.25
0.90 JNJ JOHNSON & JOHNSON 2475833 160.98 6,122 985,519.56
0.87 HD HOME DEPOT INC 2434209 375.56 2,551 958,053.56
0.87 PG PROCTER & GAMBLE CO/THE 2704407 159.30 5,986 953,569.80
0.76 COST COSTCO WHOLESALE CORP 2701271 744.71 1,123 836,309.33
0.76 MRK MERCK & CO. INC. 2778844 129.03 6,450 832,243.50
0.73 ABBV ABBVIE INC B92SR70 178.99 4,486 802,949.14
0.66 AMD ADVANCED MICRO DEVICES 2007849 178.00 4,065 723,570.00
0.65 CRM SALESFORCE INC 2310525 299.50 2,391 716,104.50
0.61 CVX CHEVRON CORP 2838555 152.16 4,370 664,939.20
0.60 NFLX NETFLIX INC 2857817 601.67 1,102 663,040.34
0.59 WMT WALMART INC 2936921 59.59 10,818 644,644.62
0.58 ADBE ADOBE INC 2008154 552.49 1,155 638,125.95
0.56 ACN ACCENTURE PLC-CL A B4BNMY3 377.91 1,614 609,946.74
0.55 BAC BANK OF AMERICA CORP 2295677 34.28 17,608 603,602.24
0.54 KO COCA-COLA CO/THE 2206657 60.34 9,885 596,460.90
0.54 PEP PEPSICO INC 2681511 168.16 3,498 588,223.68
0.51 TMO THERMO FISHER 2886907 566.17 980 554,846.60
0.50 LIN LINDE PLC BNZHB81 444.80 1,244 553,331.20
0.50 MCD MCDONALD'S CORP 2550707 293.76 1,851 543,749.76
0.48 ABT ABBOTT LABORATORIES 2002305 119.40 4,398 525,121.20
0.46 DIS WALT DISNEY CO/THE 2270726 109.42 4,641 507,818.22
0.46 WFC WELLS FARGO & CO 2649100 54.81 9,240 506,444.40
0.46 CSCO CISCO SYSTEMS INC 2198163 48.31 10,357 500,346.67
0.42 INTU INTUIT INC 2459020 669.36 692 463,197.12
0.41 INTC INTEL CORP 2463247 42.73 10,593 452,638.89
0.41 QCOM QUALCOMM INC 2714923 157.50 2,826 445,095.00
0.40 ORCL ORACLE CORP 2661568 111.38 3,947 439,616.86
0.39 AMAT APPLIED MATERIALS INC 2046552 202.86 2,127 431,483.22
0.39 CAT CATERPILLAR INC 2180201 327.63 1,309 428,867.67
0.39 CMCSA COMCAST CORP-CLASS A 2044545 42.27 10,106 427,180.62
0.39 DHR DANAHER CORP 2250870 254.86 1,675 426,890.50
0.39 IBM IBM 2005973 184.87 2,307 426,495.09
0.39 VZ VERIZON COMMUNIC 2090571 39.93 10,681 426,492.33
0.39 GE GENERAL ELECTRIC CO BL59CR9 153.99 2,747 423,010.53
0.36 NOW SERVICENOW INC B80NXX8 767.14 515 395,077.10
0.35 UBER UBER TECHNOLOGIES INC BK6N347 78.75 4,946 389,497.50
0.35 UNP UNION PACIFIC CORP 2914734 251.99 1,545 389,324.55
0.35 PFE PFIZER INC 2684703 26.89 14,339 385,575.71
0.35 TXN TEXAS INSTRUMENTS INC 2885409 164.94 2,297 378,867.18
0.34 AMGN AMGEN INC 2023607 278.49 1,353 376,796.97
0.32 PM PHILIP MORRIS IN B2PKRQ3 90.18 3,937 355,038.66
0.32 LOW LOWE'S COS INC 2536763 235.39 1,486 349,789.54
0.32 SPGI S&P GLOBAL INC BYV2325 427.84 813 347,833.92
0.31 COP CONOCOPHILLIPS 2685717 111.61 3,072 342,865.92
0.31 ISRG INTUITIVE SURGICAL INC 2871301 386.46 886 342,403.56
0.31 RTX RTX CORPORATION BM5M5Y3 90.42 3,709 335,367.78
0.31 HON HONEYWELL INTL 2020459 198.18 1,690 334,924.20
0.30 AXP AMERICAN EXPRESS CO 2026082 217.98 1,500 326,970.00
0.30 GS GOLDMAN SACHS GROUP INC 2407966 388.06 839 325,582.34
0.30 NKE NIKE INC -CL B 2640147 105.15 3,096 325,544.40
0.29 LRCX LAM RESEARCH CORP 2502247 930.73 340 316,448.20
0.28 PLD PROLOGIS INC B44WZD7 132.49 2,341 310,159.09
0.28 T AT&T INC 2831811 16.83 18,147 305,414.01
0.28 ELV ELEVANCE HEALTH INC BSPHGL4 507.41 601 304,953.41
0.28 BKNG BOOKING HOLDINGS INC BDRXDB4 3,478.12 87 302,596.44
0.27 BLK BLACKROCK INC 2494504 800.54 376 301,003.04
0.27 TJX TJX COMPANIES INC 2989301 100.52 2,914 292,915.28
0.26 ETN EATON CORP PLC B8KQN82 283.57 1,007 285,554.99
0.26 NEE NEXTERA ENERGY INC 2328915 55.56 5,135 285,300.60
0.26 BA BOEING CO/THE 2108601 201.40 1,415 284,981.00
0.26 PGR PROGRESSIVE CORP 2705024 192.18 1,481 284,618.58
0.26 MDT MEDTRONIC PLC BTN1Y11 83.84 3,379 283,295.36
0.26 SYK STRYKER CORP 2853688 352.21 802 282,472.42
0.26 VRTX VERTEX PHARM 2931034 430.92 654 281,821.68
0.25 MS MORGAN STANLEY 2262314 85.49 3,271 279,637.79
0.25 UPS UNITED PARCEL-B 2517382 148.27 1,839 272,668.53
0.25 LMT LOCKHEED MARTIN CORP 2522096 430.43 630 271,170.90
0.24 SBUX STARBUCKS CORP 2842255 94.13 2,853 268,552.89
0.24 C CITIGROUP INC 2297907 55.71 4,800 267,408.00
0.24 CB CHUBB LTD B3BQMF6 254.87 1,047 266,848.89
0.24 ADP AUTOMATIC DATA PROCESSING 2065308 251.31 1,049 263,624.19
0.24 REGN REGENERON PHARMACEUTICALS 2730190 993.35 263 261,251.05
0.24 BMY BRISTOL-MYERS SQUIBB CO 2126335 50.51 5,163 260,783.13
0.23 MMC MARSH & MCLENNAN COS 2567741 203.23 1,255 255,053.65
0.23 MU MICRON TECHNOLOGY INC 2588184 91.85 2,768 254,240.80
0.23 CI THE CIGNA GROUP BHJ0775 340.74 746 254,192.04
0.23 MDLZ MONDELEZ INTER-A B8CKK03 73.13 3,447 252,079.11
0.23 PANW PALO ALTO NETWORKS INC B87ZMX0 314.75 791 248,967.25
0.23 CVS CVS HEALTH CORP 2577609 76.27 3,249 247,801.23
0.22 BSX BOSTON SCIENTIFIC CORP 2113434 66.43 3,703 245,990.29
0.22 ADI ANALOG DEVICES INC 2032067 189.07 1,281 242,198.67
0.21 KLAC KLA CORP 2480138 677.58 348 235,797.84
0.21 DE DEERE & CO 2261203 360.66 651 234,789.66
0.21 ZTS ZOETIS INC B95WG16 199.00 1,171 233,029.00
0.21 FI FISERV INC 2342034 150.65 1,537 231,549.05
0.21 GILD GILEAD SCIENCES INC 2369174 73.02 3,161 230,816.22
0.21 SCHW SCHWAB (CHARLES) CORP 2779397 65.35 3,502 228,855.70
0.21 BX BLACKSTONE INC BKF2SL7 126.75 1,781 225,741.75
0.20 AMT AMERICAN TOWER CORP B7FBFL2 186.68 1,180 220,282.40
0.20 SNPS SYNOPSYS INC 2867719 574.00 383 219,842.00
0.20 WM WASTE MANAGEMENT INC 2937667 207.78 1,030 214,013.40
0.19 EQIX EQUINIX INC BVLZX12 873.05 238 207,785.90
0.19 CDNS CADENCE DESIGN SYS INC 2302232 300.01 685 205,506.85
0.18 ITW ILLINOIS TOOL WORKS 2457552 261.51 768 200,839.68
0.18 CME CME GROUP INC 2965839 219.45 911 199,918.95
0.18 ICE INTERCONTINENTAL BFSSDS9 138.63 1,435 198,934.05
0.18 SHW SHERWIN-WILLIAMS CO/THE 2804211 327.72 602 197,287.44
0.18 CSX CSX CORP 2160753 37.84 5,076 192,075.84
0.17 TMUS T-MOBILE US INC B94Q9V0 164.62 1,152 189,642.24
0.17 MO ALTRIA GROUP INC 2692632 40.90 4,525 185,072.50
0.17 SO SOUTHERN CO/THE 2829601 66.46 2,759 183,363.14
0.17 CMG CHIPOTLE MEXICAN B0X7DZ3 2,645.24 69 182,521.56
0.17 CL COLGATE-PALMOLIVE CO 2209106 86.41 2,102 181,633.82
0.16 CRWD CROWDSTRIKE HO-A BJJP138 321.21 563 180,841.23
0.16 MELI MERCADOLIBRE INC B23X1H3 1,607.44 112 180,033.28
0.16 MCK MCKESSON CORP 2378534 518.98 343 178,010.14
0.16 DUK DUKE ENERGY CORP B7VD3F2 90.85 1,954 177,520.90
0.16 TGT TARGET CORP 2259101 151.99 1,167 177,372.33
0.16 BDX BECTON DICKINSON AND CO 2087807 241.24 734 177,070.16
0.16 NOC NORTHROP GRUMMAN CORP 2648806 458.36 384 176,010.24
0.16 SLB SCHLUMBERGER LTD 2779201 48.46 3,606 174,746.76
0.16 PH PARKER HANNIFIN CORP 2671501 531.49 324 172,202.76
0.15 EOG EOG RESOURCES INC 2318024 113.94 1,478 168,403.32
0.15 PYPL PAYPAL HOLDINGS INC BYW36M8 60.16 2,781 167,304.96
0.15 MPC MARATHON PETROLEUM CORP B3K3L40 171.13 963 164,798.19
0.15 MAR MARRIOTT INTL-A 2210614 249.03 661 164,608.83
0.15 ABNB AIRBNB INC-CLASS A BMGYYH4 152.06 1,082 164,528.92
0.15 TT TRANE TECHNOLOGIES PLC BK9ZQ96 283.52 578 163,874.56
0.15 PSX PHILLIPS 66 B78C4Y8 145.34 1,126 163,652.84
0.15 ANET ARISTA NETWORKS INC BN33VM5 271.91 600 163,146.00
0.15 KKR KKR & CO INC BG1FRR1 96.02 1,696 162,849.92
0.15 SNOW SNOWFLAKE INC-CLASS A BN134B7 234.03 694 162,416.82
0.15 APH AMPHENOL CORP-CL A 2145084 107.94 1,496 161,478.24
0.15 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,081.75 149 161,180.75
0.15 AON AON PLC-CLASS A BLP1HW5 315.39 510 160,848.90
0.14 GD GENERAL DYNAMICS CORP 2365161 273.70 573 156,830.10
0.14 WDAY WORKDAY INC-CLASS A B8K6ZD1 295.05 527 155,491.35
0.14 HCA HCA HEALTHCARE INC B4MGBG6 314.00 495 155,430.00
0.14 USB US BANCORP 2736035 41.37 3,749 155,096.13
0.14 EMR EMERSON ELECTRIC CO 2313405 106.13 1,443 153,145.59
0.14 MCO MOODY'S CORP 2252058 377.67 401 151,445.67
0.14 MRVL MARVELL TECHNOLOGY INC BNKJSM5 69.13 2,170 150,012.10
0.13 ROP ROPER TECHNOLOGIES INC 2749602 547.10 270 147,717.00
0.13 PNC PNC FINANCIAL SE 2692665 145.95 1,009 147,263.55
0.13 NSC NORFOLK SOUTHERN CORP 2641894 252.48 577 145,680.96
0.13 PCAR PACCAR INC 2665861 111.33 1,308 145,619.64
0.13 TDG TRANSDIGM GROUP INC B11FJK3 1,174.22 124 145,603.28
0.13 ECL ECOLAB INC 2304227 222.09 640 142,137.60
0.13 FDX FEDEX CORP 2142784 241.40 585 141,219.00
0.13 GM GENERAL MOTORS CO B665KZ5 40.18 3,508 140,951.44
0.13 ADSK AUTODESK INC 2065159 256.95 543 139,523.85
0.13 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 328.68 423 139,031.64
0.13 CTAS CINTAS CORP 2197137 628.15 220 138,193.00
0.13 PXD PIONEER NATURAL 2690830 233.75 590 137,912.50
0.13 FCX FREEPORT-MCMORAN INC 2352118 38.16 3,614 137,910.24
0.13 CRH CRH PLC B01ZKD6 78.37 1,749 137,069.13
0.12 CASH 1.00 133,535 133,535.44
0.12 AZO AUTOZONE INC 2065955 2,954.99 45 132,974.55
0.12 LULU LULULEMON ATHLETICA INC B23FN39 467.84 282 131,930.88
0.12 EW EDWARDS LIFESCIENCES CORP 2567116 86.51 1,522 131,668.22
0.12 AJG ARTHUR J GALLAGHER & CO 2359506 243.55 538 131,029.90
0.12 COF CAPITAL ONE FINA 2654461 136.82 956 130,799.92
0.12 HLT HILTON WORLDWIDE BYVMW06 203.59 638 129,890.42
0.12 TRV TRAVELERS COS INC/THE 2769503 221.88 584 129,577.92
0.12 AIG AMERICAN INTERNA 2027342 71.95 1,799 129,438.05
0.12 WELL WELLTOWER INC BYVYHH4 92.12 1,401 129,060.12
0.12 APD AIR PRODS & CHEM 2011602 231.73 556 128,841.88
0.12 MMM 3M CO 2595708 92.30 1,393 128,573.90
0.12 CEG CONSTELLATION ENERGY BMH4FS1 155.76 819 127,567.44
0.12 ROST ROSS STORES INC 2746711 149.62 844 126,279.28
0.11 SPG SIMON PROPERTY GROUP INC 2812452 149.70 818 122,454.60
0.11 VLO VALERO ENERGY CORP 2041364 142.98 856 122,390.88
0.11 IDXX IDEXX LABORATORIES INC 2459202 575.07 210 120,764.70
0.11 NUE NUCOR CORP 2651086 193.12 622 120,120.64
0.11 FTNT FORTINET INC B5B2106 69.95 1,713 119,824.35
0.11 F FORD MOTOR CO 2615468 12.00 9,938 119,256.00
0.11 URI UNITED RENTALS INC 2134781 676.48 175 118,384.00
0.11 TFC TRUIST FINANCIAL CORP BKP7287 34.88 3,365 117,371.20
0.11 CARR CARRIER GLOBAL CORP BK4N0D7 55.04 2,111 116,189.44
0.11 CCI CROWN CASTLE INC BTGQCX1 105.64 1,092 115,358.88
0.10 HUM HUMANA INC 2445063 362.70 316 114,613.20
0.10 TEL TE CONNECTIVITY LTD B62B7C3 143.63 795 114,185.85
0.10 IQV IQVIA HOLDINGS INC BDR73G1 248.84 457 113,719.88
0.10 CPRT COPART INC 2208073 52.92 2,145 113,513.40
0.10 APO APOLLO GLOBAL MA BN44JF6 110.82 1,024 113,479.68
0.10 SRE SEMPRA 2138158 71.06 1,594 113,269.64
0.10 PLTR PALANTIR TECHN-A BN78DQ4 24.53 4,609 113,058.77
0.10 DXCM DEXCOM INC B0796X4 115.32 978 112,782.96
0.10 MCHP MICROCHIP TECHNOLOGY INC 2592174 82.94 1,354 112,300.76
0.10 AEP AMERICAN ELECTRIC POWER 2026242 84.07 1,331 111,897.17
0.10 PSA PUBLIC STORAGE 2852533 279.58 399 111,552.42
0.10 MET METLIFE INC 2573209 69.16 1,598 110,517.68
0.10 MSCI MSCI INC B2972D2 557.84 198 110,452.32
0.10 DHI DR HORTON INC 2250687 145.44 757 110,098.08
0.10 OKE ONEOK INC 2130109 74.37 1,469 109,249.53
0.10 AFL AFLAC INC 2026361 80.21 1,357 108,844.97
0.10 CNC CENTENE CORP 2807061 80.41 1,349 108,473.09
0.10 SQ BLOCK INC BYNZGK1 77.71 1,392 108,172.32
0.10 WMB WILLIAMS COS INC 2967181 35.04 3,078 107,853.12
0.10 ODFL OLD DOMINION FREIGHT LINE 2656423 441.06 243 107,177.58
0.10 OXY OCCIDENTAL PETROLEUM CORP 2655408 60.60 1,765 106,959.00
0.10 AMP AMERIPRISE FINANCIAL INC B0J7D57 408.71 260 106,264.60
0.10 BK BANK NY MELLON B1Z77F6 55.55 1,909 106,044.95
0.10 DLR DIGITAL REALTY TRUST INC B03GQS4 138.23 765 105,745.95
0.10 ALL ALLSTATE CORP 2019952 159.54 662 105,615.48
0.10 FAST FASTENAL CO 2332262 73.15 1,442 105,482.30
0.10 PCG P G & E CORP 2689560 16.59 6,305 104,599.95
0.10 SYY SYSCO CORP 2868165 81.14 1,282 104,021.48
0.09 AME AMETEK INC 2089212 177.77 583 103,639.91
0.09 KMB KIMBERLY-CLARK CORP 2491839 121.19 849 102,890.31
0.09 JCI JOHNSON CONTROLS BY7QL61 59.42 1,723 102,380.66
0.09 FERG FERGUSON PLC BKB0C57 209.71 488 102,338.48
0.09 HES HESS CORP 2023748 145.32 701 101,869.32
0.09 CTSH COGNIZANT TECH-A 2257019 79.14 1,284 101,615.76
0.09 OTHER PAYABLE & RECEIVABLES 1.00 101,008 101,008.27
0.09 D DOMINION ENERGY INC 2542049 47.79 2,112 100,932.48
0.09 LHX L3HARRIS TECHNOLOGIES INC BK9DTN5 211.74 476 100,788.24
0.09 COR CENCORA INC 2795393 236.51 425 100,516.75
0.09 FIS FIDELITY NATIONA 2769796 66.98 1,493 100,001.14
0.09 PAYX PAYCHEX INC 2674458 122.90 813 99,917.70
0.09 PRU PRUDENTIAL FINANCIAL INC 2819118 107.67 924 99,487.08
0.09 DOW DOW INC BHXCF84 55.57 1,787 99,303.59
0.09 CTVA CORTEVA INC BK73B42 55.13 1,796 99,013.48
0.09 A AGILENT TECHNOLOGIES INC 2520153 132.55 745 98,749.75
0.09 SMCI SUPER MICRO COMPUTER INC B1VQR35 851.11 116 98,728.76
0.09 STZ CONSTELLATION-A 2170473 247.09 397 98,094.73
0.09 OTIS OTIS WORLDWIDE CORP BK531S8 93.85 1,045 98,073.25
0.09 GWW WW GRAINGER INC 2380863 969.54 101 97,923.54
0.09 YUM YUM! BRANDS INC 2098876 137.04 708 97,024.32
0.09 RSG REPUBLIC SERVICES INC 2262530 184.52 524 96,688.48
0.09 LEN LENNAR CORP-A 2511920 153.87 626 96,322.62
0.09 CMI CUMMINS INC 2240202 268.54 358 96,137.32
0.09 DASH DOORDASH INC - A BN13P03 123.70 775 95,867.50
0.09 TTD TRADE DESK INC-A BD8FDD1 85.60 1,116 95,529.60
0.09 EA ELECTRONIC ARTS INC 2310194 139.50 684 95,418.00
0.09 DDOG DATADOG INC - CLASS A BKT9Y49 130.95 723 94,676.85
0.09 O REALTY INCOME CORP 2724193 52.31 1,791 93,687.21
0.09 LNG CHENIERE ENERGY INC 2654364 153.18 609 93,286.62
0.08 IR INGERSOLL-RAND INC BL5GZ82 90.38 1,021 92,277.98
0.08 GIS GENERAL MILLS INC 2367026 64.21 1,434 92,077.14
0.08 EXC EXELON CORP 2670519 36.21 2,509 90,850.89
0.08 IT GARTNER INC 2372763 461.05 195 89,904.75
0.08 VRSK VERISK ANALYTICS INC B4P9W92 242.92 364 88,422.88
0.08 VMC VULCAN MATERIALS CO 2931205 263.56 335 88,292.60
0.08 GPN GLOBAL PAYMENTS INC 2712013 133.23 659 87,798.57
0.08 CSGP COSTAR GROUP INC 2262864 84.89 1,025 87,012.25
0.08 PWR QUANTA SERVICES INC 2150204 239.57 362 86,724.34
0.08 KR KROGER CO 2497406 48.37 1,791 86,630.67
0.08 SPOT SPOTIFY TECHNOLOGY SA BFZ1K46 253.02 340 86,026.80
0.08 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 92.52 921 85,210.92
0.08 KMI KINDER MORGAN INC B3NQ4P8 17.17 4,948 84,957.16
0.08 NEM NEWMONT CORP 2636607 29.86 2,841 84,832.26
0.08 PPG PPG INDUSTRIES INC 2698470 140.91 595 83,841.45
0.08 ON ON SEMICONDUCTOR 2583576 76.97 1,087 83,666.39
0.08 CDW CDW CORP/DE BBM5MD6 244.27 340 83,051.80
0.08 KVUE KENVUE INC BQ84ZQ6 18.92 4,383 82,926.36
0.08 MLM MARTIN MARIETTA MATERIALS 2572079 559.08 148 82,743.84
0.08 VEEV VEEVA SYSTEMS INC-CLASS A BFH3N85 222.92 371 82,703.32
0.08 EFX EQUIFAX INC 2319146 268.33 308 82,645.64
0.07 MPWR MONOLITHIC POWER B01Z7J1 709.29 115 81,568.35
0.07 ROK ROCKWELL AUTOMATION INC 2754060 280.97 290 81,481.30
0.07 BIIB BIOGEN INC 2455965 223.94 363 81,290.22
0.07 XEL XCEL ENERGY INC 2614807 58.28 1,390 81,009.20
0.07 MRNA MODERNA INC BGSXTS3 96.20 836 80,423.20
0.07 TEAM ATLASSIAN CORP-CL A BQ1PC76 205.82 390 80,269.80
0.07 EL ESTEE LAUDER 2320524 147.85 542 80,134.70
0.07 MDB MONGODB INC BF2FJ99 449.95 178 80,091.10
0.07 DG DOLLAR GENERAL CORP B5B1S13 144.30 552 79,653.60
0.07 HAL HALLIBURTON CO 2405302 34.96 2,273 79,464.08
0.07 ACGL ARCH CAPITAL GROUP LTD 2740542 87.22 903 78,759.66
0.07 DLTR DOLLAR TREE INC 2272476 148.90 526 78,321.40
0.07 FICO FAIR ISAAC CORP 2330299 1,276.03 61 77,837.83
0.07 COIN COINBASE GLOBA-A BMC9P69 199.22 390 77,695.80
0.07 PEG PUB SERV ENTERP 2707677 61.58 1,261 77,652.38
0.07 DFS DISCOVER FINANCI B1YLC43 122.65 629 77,146.85
0.07 FTV FORTIVE CORP BYT3MK1 86.12 893 76,905.16
0.07 VICI VICI PROPERTIES INC BYWH073 29.39 2,610 76,707.90
0.07 FANG DIAMONDBACK ENERGY INC B7Y8YR3 177.95 428 76,162.60
0.07 BKR BAKER HUGHES CO BDHLTQ5 29.72 2,553 75,875.16
0.07 ED CONSOLIDATED EDISON INC 2216850 86.88 873 75,846.24
0.07 XYL XYLEM INC B3P2CN8 125.69 601 75,539.69
0.07 EXR EXTRA SPACE STORAGE INC B02HWR9 140.22 529 74,176.38
0.07 ANSS ANSYS INC 2045623 335.77 220 73,869.40
0.07 HIG HARTFORD FINL SV 2476193 95.74 768 73,528.32
0.07 DD DUPONT DE NEMOURS INC BK0VN47 69.22 1,059 73,303.98
0.07 CHTR CHARTER COMMUN-A BZ6VT82 290.00 252 73,080.00
0.07 HUBS HUBSPOT INC BR4T3B3 615.61 118 72,641.98
0.07 WTW WILLIS TOWERS WATSON PLC BDB6Q21 275.06 262 72,065.72
0.07 HPQ HP INC BYX4D52 28.83 2,484 71,613.72
0.07 MNST MONSTER BEVERAGE CORP BZ07BW4 56.11 1,275 71,540.25
0.07 DVN DEVON ENERGY CORP 2480677 44.32 1,608 71,266.56
0.07 KHC KRAFT HEINZ CO/THE BYRY499 35.80 1,990 71,242.00
0.07 ADM ARCHER-DANIELS-MIDLAND CO 2047317 52.79 1,346 71,055.34
0.06 CBRE CBRE GROUP INC - A B6WVMH3 90.88 780 70,886.40
0.06 NET CLOUDFLARE INC - CLASS A BJXC5M2 98.25 720 70,740.00
0.06 TSCO TRACTOR SUPPLY COMPANY 2900335 251.20 277 69,582.40
0.06 HSY HERSHEY CO/THE 2422806 187.17 371 69,440.07
0.06 CAH CARDINAL HEALTH INC 2175672 109.61 633 69,383.13
0.06 RCL ROYAL CARIBBEAN 2754907 123.25 558 68,773.50
0.06 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 152.76 447 68,283.72
0.06 HWM HOWMET AEROSPACE INC BKLJ8V2 65.97 1,031 68,015.07
0.06 ULTA ULTA BEAUTY INC B28TS42 561.41 121 67,930.61
0.06 DAL DELTA AIR LINES INC B1W9D46 41.98 1,617 67,881.66
0.06 KDP KEURIG DR PEPPER INC BD3W133 29.50 2,285 67,407.50
0.06 WST WEST PHARMACEUT 2950482 358.29 188 67,358.52
0.06 ZBH ZIMMER BIOMET HO 2783815 126.37 528 66,723.36
0.06 RMD RESMED INC 2732903 180.99 366 66,242.34
0.06 EIX EDISON INTERNATIONAL 2829515 67.71 966 65,407.86
0.06 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 99.00 643 63,657.00
0.06 MTD METTLER-TOLEDO 2126249 1,213.21 52 63,086.92
0.06 TTWO TAKE-TWO INTERAC 2122117 147.94 422 62,430.68
0.06 GLW CORNING INC 2224701 32.15 1,939 62,338.85
0.06 AVB AVALONBAY COMMUNITIES INC 2131179 174.37 357 62,250.09
0.06 TROW T ROWE PRICE GROUP INC 2702337 110.86 558 61,859.88
0.06 WAB WABTEC CORP 2955733 137.70 447 61,551.90
0.06 CHD CHURCH & DWIGHT CO INC 2195841 99.89 616 61,532.24
0.06 WEC WEC ENERGY GROUP INC BYY8XK8 77.46 793 61,425.78
0.06 WY WEYERHAEUSER CO 2958936 32.90 1,841 60,568.90
0.05 SPLK SPLUNK INC B424494 155.60 384 59,750.40
0.05 EBAY EBAY INC 2293819 44.39 1,345 59,704.55
0.05 DELL DELL TECHNOLOGIES -C BHKD3S6 91.56 652 59,697.12
0.05 BLDR BUILDERS FIRSTSOURCE INC B0BV2M7 193.16 309 59,686.44
0.05 BR BROADRIDGE FINL B1VP7R6 200.01 296 59,202.96
0.05 PHM PULTEGROUP INC 2708841 106.86 550 58,773.00
0.05 FITB FIFTH THIRD BANCORP 2336747 33.97 1,710 58,088.70
0.05 STE STERIS PLC BFY8C75 232.52 249 57,897.48
0.05 AWK AMERICAN WATER W B2R3PV1 118.03 488 57,598.64
0.05 MTB M & T BANK CORP 2340168 138.73 415 57,572.95
0.05 VRT VERTIV HOLDINGS CO-A BL3LWS8 66.27 868 57,522.36
0.05 DOV DOVER CORP 2278407 163.58 351 57,416.58
0.05 ALGN ALIGN TECHNOLOGY INC 2679204 313.06 182 56,976.92
0.05 STT STATE STREET CORP 2842040 73.48 774 56,873.52
0.05 RJF RAYMOND JAMES 2718992 119.71 473 56,622.83
0.05 APTV APTIV PLC B783TY6 78.83 710 55,969.30
0.05 DECK DECKERS OUTDOOR CORP 2267278 871.40 64 55,769.60
0.05 MOH MOLINA HEALTHCARE INC 2212706 400.12 139 55,616.68
0.05 ARES ARES MANAGEMENT CORP - A BF14BT1 130.56 425 55,488.00
0.05 ILMN ILLUMINA INC 2613990 139.76 397 55,484.72
0.05 DTE DTE ENERGY COMPANY 2280220 107.33 514 55,167.62
0.05 SBAC SBA COMMUNICATIONS CORP BZ6TS23 199.95 271 54,186.45
0.05 TRGP TARGA RESOURCES CORP B55PZY3 97.08 555 53,879.40
0.05 IRM IRON MOUNTAIN INC BVFTF03 74.00 727 53,798.00
0.05 PTC PTC INC B95N910 182.36 295 53,796.20
0.05 ETR ENTERGY CORP 2317087 100.77 532 53,609.64
0.05 ZS ZSCALER INC BZ00V34 242.49 221 53,590.29
0.05 STX SEAGATE TECHNOLO BKVD2N4 90.70 588 53,331.60
0.05 BAX BAXTER INTERNATIONAL INC 2085102 41.85 1,270 53,149.50
0.05 OMC OMNICOM GROUP 2279303 89.16 595 53,050.20
0.05 NVR NVR INC 2637785 7,543.11 7 52,801.77
0.05 PINS PINTEREST INC- CLASS A BJ2Z0H2 36.08 1,460 52,676.80
0.05 GPC GENUINE PARTS CO 2367480 150.57 346 52,097.22
0.05 ES EVERSOURCE ENERGY BVVN4Q8 59.27 877 51,979.79
0.05 BMRN BIOMARIN PHARMAC 2437071 90.68 569 51,596.92
0.05 DRI DARDEN RESTAURANTS INC 2289874 169.53 304 51,537.12
0.05 CBOE CBOE GLOBAL MARKETS INC B5834C5 194.31 265 51,492.15
0.05 GRMN GARMIN LTD B3Z5T14 134.69 382 51,451.58
0.05 LPLA LPL FINANCIAL HO B75JX34 267.95 192 51,446.40
0.05 LUV SOUTHWEST AIRLINES CO 2831543 34.52 1,490 51,434.80
0.05 EQR EQUITY RESIDENTIAL 2319157 59.47 858 51,025.26
0.05 STLD STEEL DYNAMICS INC 2849472 132.97 381 50,661.57
0.05 FE FIRSTENERGY CORP 2100920 36.87 1,368 50,438.16
0.05 BRO BROWN & BROWN INC 2692687 84.11 597 50,213.67
0.05 ALNY ALNYLAM PHARMACE B00FWN1 159.00 313 49,767.00
0.05 FLT FLEETCOR TECHNOLOGIES INC B4R28B3 278.55 178 49,581.90
0.05 ENTG ENTEGRIS INC 2599700 131.89 374 49,326.86
0.05 PFG PRINCIPAL FINANCIAL GROUP 2803014 80.68 611 49,295.48
0.05 LVS LAS VEGAS SANDS CORP B02T2J7 53.40 921 49,181.40
0.05 PPL PPL CORP 2680905 26.43 1,852 48,948.36
0.04 WBD WARNER BROS DISCOVERY INC BM8JYX3 8.70 5,623 48,920.10
0.04 HUBB HUBBELL INC BDFG6S3 366.27 133 48,713.91
0.04 BALL BALL CORP 2073022 62.61 778 48,710.58
0.04 VLTO VERALTO CORP BPGMZQ5 87.79 554 48,635.66
0.04 CTRA COTERRA ENERGY INC 2162340 25.98 1,871 48,608.58
0.04 WAT WATERS CORP 2937689 332.65 146 48,566.90
0.04 NDAQ NASDAQ INC 2965107 56.37 856 48,252.72
0.04 HPE HEWLETT PACKA BYVYWS0 14.89 3,236 48,184.04
0.04 INVH INVITATION HOMES INC BD81GW9 33.53 1,437 48,182.61
0.04 AXON AXON ENTERPRISE INC BDT5S35 271.82 176 47,840.32
0.04 IFF INTL FLAVORS & FRAGRANCES 2464165 74.44 642 47,790.48
0.04 RBLX ROBLOX CORP -CLASS A BMWBC20 40.83 1,168 47,689.44
0.04 TDY TELEDYNE TECHNOLOGIES INC 2503477 424.90 112 47,588.80
0.04 ARE ALEXANDRIA REAL 2009210 121.70 391 47,584.70
0.04 BAH BOOZ ALLEN HAMIL B5367T7 146.53 323 47,329.19
0.04 CLX CLOROX COMPANY 2204026 151.89 311 47,237.79
0.04 CF CF INDUSTRIES HO B0G4K50 79.78 590 47,070.20
0.04 HBAN HUNTINGTON BANCSHARES INC 2445966 13.02 3,613 47,041.26
0.04 AEE AMEREN CORPORATION 2050832 71.32 658 46,928.56
0.04 BBY BEST BUY CO INC 2094670 79.06 593 46,882.58
0.04 MKL MARKEL GROUP INC 2566436 1,461.42 32 46,765.44
0.04 UAL UNITED AIRLINES B4QG225 44.90 1,035 46,471.50
0.04 J JACOBS SOLUTIONS INC BNGC0D3 147.29 315 46,396.35
0.04 LH LABORATORY CP 2586122 215.69 215 46,373.35
0.04 CPNG COUPANG INC BNYHDF3 16.89 2,739 46,261.71
0.04 WDC WESTERN DIGITAL CORP 2954699 57.48 802 46,098.96
0.04 DKNG DRAFTKINGS INC-CL A BLDDH12 41.48 1,106 45,876.88
0.04 EXPE EXPEDIA GROUP INC B748CK2 136.24 334 45,504.16
0.04 HOLX HOLOGIC INC 2433530 75.36 600 45,216.00
0.04 NTAP NETAPP INC 2630643 87.17 518 45,154.06
0.04 IEX IDEX CORP 2456612 236.05 191 45,085.55
0.04 JBL JABIL INC 2471789 142.70 313 44,665.10
0.04 COO COOPER COS INC/THE BQPDXR3 93.74 476 44,620.24
0.04 LYV LIVE NATION ENTE B0T7YX2 93.54 475 44,431.50
0.04 BF/B BROWN-FORMAN CORP-CLASS B 2146838 57.62 767 44,194.54
0.04 VRSN VERISIGN INC 2142922 193.56 228 44,131.68
0.04 CINF CINCINNATI FINANCIAL CORP 2196888 113.32 387 43,854.84
0.04 CNP CENTERPOINT ENERGY INC 2440637 27.65 1,586 43,852.90
0.04 EXPD EXPEDITORS INTL WASH INC 2325507 118.73 369 43,811.37
0.04 RF REGIONS FINANCIAL CORP B01R311 18.58 2,352 43,700.16
0.04 TYL TYLER TECHNOLOGIES INC 2909644 436.39 100 43,639.00
0.04 ZM ZOOM VIDEO COM-A BGSP7M9 68.17 638 43,492.46
0.04 SWK STANLEY BLACK & B3Q2FJ4 88.50 488 43,188.00
0.04 JBHT HUNT (JB) TRANS 2445416 207.53 208 43,166.24
0.04 YUMC YUM CHINA HOLDINGS INC BYW4289 42.52 1,014 43,115.28
0.04 AVY AVERY DENNISON CORP 2066408 214.10 201 43,034.10
0.04 VTR VENTAS INC 2927925 42.64 1,009 43,023.76
0.04 WRB WR BERKLEY CORP 2093644 84.88 506 42,949.28
0.04 CAG CONAGRA BRANDS INC 2215460 27.97 1,532 42,850.04
0.04 MKC MCCORMICK-N/V 2550161 67.84 631 42,807.04
0.04 SYF SYNCHRONY FINANCIAL BP96PS6 41.01 1,043 42,773.43
0.04 NTRS NORTHERN TRUST CORP 2648668 81.78 523 42,770.94
0.04 L LOEWS CORP 2523022 74.99 567 42,519.33
0.04 FDS FACTSET RESEARCH 2329770 460.56 92 42,371.52
0.04 CMS CMS ENERGY CORP 2219224 57.33 730 41,850.90
0.04 EPAM EPAM SYSTEMS INC B44Z3T8 307.04 136 41,757.44
0.04 ATO ATMOS ENERGY CORP 2315359 112.53 371 41,748.63
0.04 CSL CARLISLE COS INC 2176318 347.20 120 41,664.00
0.04 SWKS SKYWORKS SOLUTIONS INC 2961053 104.17 398 41,459.66
0.04 CE CELANESE CORP B05MZT4 149.59 273 40,838.07
0.04 SUI SUN COMMUNITIES INC 2860257 130.74 309 40,398.66
0.04 ENPH ENPHASE ENERGY INC B65SQW4 121.11 333 40,329.63
0.04 AKAM AKAMAI TECHNOLOGIES INC 2507457 107.76 374 40,302.24
0.04 AVTR AVANTOR INC BJLT387 24.41 1,635 39,910.35
0.04 CCL CARNIVAL CORP 2523044 15.91 2,496 39,711.36
0.04 VTRS VIATRIS INC BMWS3X9 13.23 2,997 39,650.31
0.04 TER TERADYNE INC 2884183 100.27 387 38,804.49
0.04 WBA WALGREENS BOOTS BTN1Y44 21.63 1,787 38,652.81
0.04 TRMB TRIMBLE INC 2903958 61.78 618 38,180.04
0.04 TSN TYSON FOODS INC-CL A 2909730 54.13 705 38,161.65
0.04 FCNCA FIRST CITIZENS-A 2355582 1,588.49 24 38,123.76
0.03 ALB ALBEMARLE CORP 2046853 128.59 293 37,676.87
0.03 EQT EQT CORP 2319414 36.52 1,026 37,469.52
0.03 TRU TRANSUNION BYMWL86 77.19 481 37,128.39
0.03 FSLR FIRST SOLAR INC B1HMF22 144.99 255 36,972.45
0.03 MAA MID-AMERICA APAR 2589132 124.89 291 36,342.99
0.03 LII LENNOX INTERNATIONAL INC 2442053 469.04 77 36,116.08
0.03 K KELLANOVA 2486813 55.63 649 36,103.87
0.03 POOL POOL CORP 2781585 391.06 92 35,977.52
0.03 CFG CITIZENS FINANCIAL GROUP BQRX1X3 30.96 1,162 35,975.52
0.03 MRO MARATHON OIL CORP 2910970 24.29 1,461 35,487.69
0.03 SNAP SNAP INC - A BD8DJ71 10.90 3,250 35,425.00
0.03 BSY BENTLEY SYSTEM-B BMC1PR6 49.46 716 35,413.36
0.03 DGX QUEST DIAGNOSTICS INC 2702791 126.43 280 35,400.40
0.03 INCY INCYTE CORP 2471950 61.00 576 35,136.00
0.03 ESS ESSEX PROPERTY TRUST INC 2316619 227.73 154 35,070.42
0.03 SSNC SS&C TECHNOLOGIE B58YSC6 64.00 546 34,944.00
0.03 UDR UDR INC 2727910 35.08 984 34,518.72
0.03 ZBRA ZEBRA TECH CORP 2989356 275.78 125 34,472.50
0.03 BG BUNGE GLOBAL SA BQ6BPG9 93.12 361 33,616.32
0.03 NDSN NORDSON CORP 2641838 268.00 124 33,232.00
0.03 RVTY REVVITY INC 2305844 105.63 313 33,062.19
0.03 OKTA OKTA INC BDFZSP1 86.91 376 32,678.16
0.03 MOS MOSAIC CO/THE B3NPHP6 31.22 1,046 32,656.12
0.03 AMCR AMCOR PLC BJ1F307 8.95 3,615 32,354.25
0.03 SJM JM SMUCKER CO/THE 2951452 122.64 259 31,763.76
0.03 ROL ROLLINS INC 2747305 42.69 742 31,675.98
0.03 LNT ALLIANT ENERGY CORP 2973821 47.82 628 30,030.96
0.03 WPC WP CAREY INC B826YT8 54.88 546 29,964.48
0.03 TW TRADEWEB MARKE-A BJXMVK2 105.11 285 29,956.35
0.03 EG EVEREST GROUP LTD 2556868 367.71 81 29,784.51
0.03 PEAK HEALTHPEAK PROPERTIES INC BJBLRK3 16.24 1,818 29,524.32
0.03 RPRX ROYALTY PHARMA PLC- CL A BMVP7Y0 31.30 938 29,359.40
0.03 HRL HORMEL FOODS CORP 2437264 30.90 948 29,293.20
0.03 PODD INSULET CORP B1XGNW4 166.62 175 29,158.50
0.03 HEI/A HEICO CORP-CLASS A 2237561 155.04 188 29,147.52
0.03 ACI ALBERTSONS COS-A BYNQ369 20.80 1,378 28,662.40
0.03 EVRG EVERGY INC BFMXGR0 50.20 567 28,463.40
0.03 MGM MGM RESORTS INTERNATIONAL 2547419 42.00 670 28,140.00
0.03 IBKR INTERACTIVE BROK B1WT4X2 107.09 254 27,200.86
0.02 DOX AMDOCS LTD 2256908 91.72 288 26,415.36
0.02 BEN FRANKLIN RESOURCES INC 2350684 27.09 943 25,545.87
0.02 OWL BLUE OWL CAPITAL INC BN7CQS9 17.99 1,420 25,545.80
0.02 SCCO SOUTHERN COPPER CORP 2823777 80.80 315 25,452.00
0.02 FOXA FOX CORP - CLASS A BJJMGL2 29.57 855 25,282.35
0.02 CPB CAMPBELL SOUP CO 2162845 42.26 590 24,933.40
0.02 RIVN RIVIAN AUTOMOTIVE INC-A BL98841 11.14 2,189 24,385.46
0.02 PAYC PAYCOM SOFTWARE INC BL95MY0 183.10 125 22,887.50
0.02 HEI HEICO CORP 2419217 193.52 104 20,126.08
0.01 GFS GLOBALFOUNDRIES INC BMW7F63 53.50 290 15,515.00
0.01 WMG WARNER MUSIC-A BLGJ610 34.52 435 15,016.20
0.01 AZPN ASPEN TECHNOLOGY INC BP2V812 187.56 70 13,129.20
0.01 FOX FOX CORP - CLASS B BJJMGY5 27.11 450 12,199.50
0.01 WLK Westlake Corporation B01ZP20 136.80 82 11,217.60
0.01 SIRI SIRIUS XM HOLDINGS INC BGLDK10 4.69 2,037 9,553.53
0.01 AGR AVANGRID INC BYP0CD9 31.62 270 8,537.40
0.01 MBLY MOBILEYE GLOBAL INC-A BLFH8G4 25.36 318 8,064.48
0.01 BF/A BROWN-FORMAN CORP-CLASS A 2146816 58.87 126 7,417.62
0.01 EDR ENDEAVOR GROUP-A BJQ05Y5 24.44 278 6,794.32
0.00 IOT SAMSARA INC-CL A BPK3058 33.78 104 3,513.12
0.00 SYM SYMBOTIC INC BPG82M8 40.74 57 2,322.18
0.00 RKT ROCKET COS INC-CLASS A BMD6Y84 11.95 110 1,314.50
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Research

Investing involves risk, including the possible loss of principal. There is no guarantee that the Fund will achieve a high degree of correlation to the Underlying Index and therefore achieve its investment objective. Market disruptions and regulatory restrictions could have an adverse effect on the Fund’s ability to adjust its exposure to the required levels in order to track the Underlying Index.

The Fund is based on the “modern portfolio theory” approach to asset allocation, which is a framework for determining the allocation of a portfolio with the goal of achieving an intended investment outcome based on a given level of risk. This framework relies heavily on the anticipated volatilities, investment returns and correlations of particular asset classes or securities. There is no guarantee that the Underlying Index will outperform any alternative strategy that might be employed in respect of the component assets or that past volatilities and correlations of particular asset classes or securities will be indicative of future results. ONOF 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.

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 Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Adaptive Wealth Strategies® (AWS), nor does AWS make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with AWS.