ONOF

Adaptive U.S. Risk Management ETF

Overview Prices & Performance Holdings & Characteristics Research Documents

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 09/26/22

Inception Date	01/12/21
Total Expense Ratio	0.39%
Net Assets	$58.78 million
NAV	$25.34
Fact Sheet

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 09/26/22

Ticker	ONOF
Bloomberg Index Ticker	AWSRSK
CUSIP	37954Y194
ISIN	US37954Y1947
Primary Exchange	NYSE Arca
Shares Outstanding	2,320,000
Number of Holdings	8
30-Day Median Bid-Ask Spread	0.31%

Distributions As of 09/26/22

30-Day SEC Yield	1.31%
Distribution Frequency	Semi-Annually

ETF Prices As of 09/26/22

NAV	$25.34	Daily Change	-$0.04	-0.17%
Market Price	$25.31	Daily Change	-$0.08	-0.32%

As of recent (06/30/22) As of recent (06/30/22)	Fund NAV	Market Price	Index
1 Year	-16.08%	-16.28%	-15.97%
Since Inception	-3.58%	-3.64%	-3.75%
1 Year	-12.22%	-12.61%	-11.88%
Since Inception	2.77%	2.60%	2.69%
Year-to-Date	-24.39%	-24.73%	-24.26%
1 Month	-10.75%	-10.75%	-10.71%
3 Months	-10.75%	-11.06%	-10.60%
Since Inception	-5.20%	-5.28%	-5.44%
Year-to-Date	-16.61%	-17.13%	-16.36%
1 Month	1.90%	1.87%	1.95%
3 Months	-1.55%	-1.74%	-1.40%
Since Inception	4.57%	4.28%	4.43%

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.

Net Assets (%)	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
23.80	T 3 1/4 08/31/24	BQ0LTZ2	0.98	14,270,000	13,991,289.06
16.29	T 3 1/8 08/15/25	BQHM4C0	0.97	9,920,000	9,575,900.00
14.83	T 3 06/30/24	BQC7W04	0.98	8,930,000	8,719,307.81
14.49	T 0 7/8 01/31/24	BN95VQ9	0.95	8,920,000	8,514,767.17
13.16	T 0 1/8 10/15/23	BMD3XJ9	0.96	8,080,000	7,735,653.10
11.96	T 2 1/2 04/30/24	BQ2GVK4	0.97	7,240,000	7,028,739.04
4.85	T 2 7/8 06/15/25	BQB7JY8	0.96	2,970,000	2,852,012.12
0.43	CASH		1.00	254,049	254,048.69
0.19	B 09/29/22	BPRT3X8	1.00	110,000	109,986.07

Holdings are subject to change.

ETF Research

Introducing the ONOF ETF

Latest Premium / Discount As of 09/26/22

NAV	$25.34
Market Price	$25.31
Premium / (Discount)	($0.03)

Current View 2022 Q3 As of 09/26/22

Days at Premium	15
Days at NAV	0
Days at Discount	45
Greatest Premium	0.26%
Greatest Discount	-0.32%

Daily Premium / Discount History As of 09/26/22

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How can the Fund trade at a premium/discount to its NAV?

The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time discrepancies?

Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.

Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.

International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

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.

Inception Date	Aug 24, 2022
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Inception Date	Aug 24, 2022
Trailing 1 Month	--
Trailing 3 Months	--
Trailing 12 Months	--