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ONOF

Adaptive U.S. Risk Management ETF

Fund 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.

Fund 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.

Why 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.

Fund Details As of 04/20/21

Key Facts

Ticker ONOF
Inception Date 01/12/21
CUSIP 37954Y194
ISIN US37954Y1947
Bloomberg Index Ticker AWSRSK
Primary Exchange NYSE Arca
Number of Holdings 508

Stats & Fees

Net Assets $65,325,265
Net Asset Value (NAV) $26.99
Shares Outstanding 2,420,000
Total Expense Ratio 0.39%

Distributions

30-Day SEC Yield 1.03%
Distribution Frequency Semi-Annually

Fund Documents

Fund Research

Fund Prices As of 04/20/21

NAV $26.99 Daily Change -$0.19 -0.70%
Market Price $27.00 Daily Change -$0.16 -0.59%
30-Day Median Bid-Ask Spread 0.22%

Performance History

Premium Discount Chart
As of recent month & quarter-end (03/31/21)
Fund NAV Market Price Index
Year-to-Date -- -- --
1 Month 3.64% 3.80% 3.53%
3 Months -- -- --
Since Inception 3.81% 4.01% 3.58%
Year-to-Date -- -- --
1 Month 3.64% 3.80% 3.53%
3 Months -- -- --
Since Inception 3.81% 4.01% 3.58%

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 of the Fund, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 04/20/21

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
6.24 AAPL APPLE INC 2046251 133.11 30,623 4,076,227.53
5.37 MSFT MICROSOFT CORP 2588173 258.26 13,580 3,507,170.80
3.96 AMZN AMAZON.COM INC 2000019 3,334.69 776 2,587,719.44
2.02 FB FACEBOOK INC-CLASS A B7TL820 302.65 4,356 1,318,343.40
1.87 GOOGL ALPHABET INC-CL A BYVY8G0 2,279.01 537 1,223,828.37
1.83 GOOG ALPHABET INC-CL C BYY88Y7 2,293.63 522 1,197,274.86
1.53 TSLA TESLA INC B616C79 718.99 1,390 999,396.10
1.25 JPM JPMORGAN CHASE & CO 2190385 149.27 5,487 819,044.49
1.22 JNJ JOHNSON & JOHNSON 2475833 166.48 4,793 797,938.64
1.06 UNH UNITEDHEALTH GROUP INC 2917766 396.53 1,741 690,358.73
1.04 V VISA INC-CLASS A SHARES B2PZN04 223.28 3,052 681,450.56
0.99 BRK/B BERKSHIRE HATH-B 2073390 267.89 2,415 646,954.35
0.99 NVDA NVIDIA CORP 2379504 606.85 1,062 644,474.70
0.97 HD HOME DEPOT INC 2434209 323.96 1,961 635,285.56
0.95 PG PROCTER & GAMBLE CO/THE 2704407 137.75 4,504 620,426.00
0.92 MA MASTERCARD INC - A B121557 376.63 1,600 602,608.00
0.92 DIS WALT DISNEY CO/THE 2270726 182.79 3,294 602,110.26
0.86 PYPL PAYPAL HOLDINGS INC BYW36M8 264.43 2,131 563,500.33
0.81 BAC BANK OF AMERICA CORP 2295677 38.08 13,920 530,073.60
0.72 INTC INTEL CORP 2463247 62.70 7,448 466,989.60
0.69 ADBE ADOBE INC 2008154 514.21 874 449,419.54
0.69 CMCSA COMCAST CORP-CLASS A 2044545 54.16 8,275 448,174.00
0.68 VZ VERIZON COMMUNIC 2090571 58.39 7,549 440,786.11
0.65 XOM EXXON MOBIL CORP 2326618 55.29 7,697 425,567.13
0.65 NFLX NETFLIX INC 2857817 549.57 773 424,817.61
0.61 PFE PFIZER INC 2684703 39.03 10,142 395,842.26
0.60 T AT&T INC 2831811 29.89 12,999 388,540.11
0.59 ABT ABBOTT LABORATORIES 2002305 120.00 3,193 383,160.00
0.58 KO COCA-COLA CO/THE 2206657 54.17 7,043 381,519.31
0.57 CSCO CISCO SYSTEMS INC 2198163 51.79 7,137 369,625.23
0.56 WMT WALMART INC 2936921 140.79 2,608 367,180.32
0.56 PEP PEPSICO INC 2681511 145.71 2,514 366,314.94
0.56 CRM SALESFORCE.COM INC 2310525 227.96 1,600 364,736.00
0.55 MRK MERCK & CO. INC. 2778844 78.57 4,583 360,086.31
0.55 CVX CHEVRON CORP 2838555 101.33 3,514 356,073.62
0.54 ABBV ABBVIE INC B92SR70 109.03 3,218 350,858.54
0.54 TMO THERMO FISHER 2886907 482.36 726 350,193.36
0.53 ACN ACCENTURE PLC-CL A B4BNMY3 288.60 1,202 346,897.20
0.51 AVGO BROADCOM INC BDZ78H9 457.26 726 331,970.76
0.48 MDT MEDTRONIC PLC BTN1Y11 128.28 2,467 316,466.76
0.48 MCD MCDONALD'S CORP 2550707 233.01 1,358 316,427.58
0.47 TXN TEXAS INSTRUMENTS INC 2885409 185.27 1,672 309,771.44
0.47 WFC WELLS FARGO & CO 2649100 42.54 7,260 308,840.40
0.46 COST COSTCO WHOLESALE CORP 2701271 371.73 806 299,614.38
0.45 LLY ELI LILLY & CO 2516152 190.61 1,546 294,683.06
0.44 NKE NIKE INC -CL B 2640147 127.11 2,272 288,793.92
0.44 NEE NEXTERA ENERGY INC 2328915 80.53 3,583 288,538.99
0.44 HON HONEYWELL INTL 2020459 227.33 1,257 285,753.81
0.43 DHR DANAHER CORP 2250870 241.85 1,163 281,271.55
0.42 QCOM QUALCOMM INC 2714923 133.40 2,077 277,071.80
0.42 AMGN AMGEN INC 2023607 259.14 1,062 275,206.68
0.42 UNP UNION PACIFIC CORP 2914734 220.67 1,242 274,072.14
0.42 LOW LOWE'S COS INC 2536763 202.77 1,339 271,509.03
0.42 BMY BRISTOL-MYERS SQUIBB CO 2126335 66.08 4,099 270,861.92
0.41 LIN LINDE PLC BZ12WP8 285.84 936 267,546.24
0.41 PM PHILIP MORRIS IN B2PKRQ3 94.00 2,842 267,148.00
0.41 ORCL ORACLE CORP 2661568 79.24 3,358 266,087.92
0.40 C CITIGROUP INC 2297907 69.79 3,778 263,666.62
0.38 SBUX STARBUCKS CORP 2842255 116.27 2,131 247,771.37
0.37 BA BOEING CO/THE 2108601 234.06 1,018 238,273.08
0.36 UPS UNITED PARCEL-B 2517382 179.69 1,304 234,315.76
0.35 IBM IBM 2005973 138.16 1,632 225,477.12
0.34 CAT CATERPILLAR INC 2180201 227.63 968 220,345.84
0.33 RTX RAYTHEON TECHNOL BM5M5Y3 77.09 2,781 214,387.29
0.33 DE DEERE & CO 2261203 370.27 578 214,016.06
0.32 AMAT APPLIED MATERIALS INC 2046552 128.59 1,647 211,787.73
0.32 MMM 3M CO 2595708 198.30 1,062 210,594.60
0.32 GS GOLDMAN SACHS GROUP INC 2407966 331.88 632 209,748.16
0.32 GE GENERAL ELECTRIC CO 2380498 13.06 15,878 207,366.68
0.32 AMT AMERICAN TOWER CORP B7FBFL2 252.67 820 207,189.40
0.31 MS MORGAN STANLEY 2262314 77.29 2,615 202,113.35
0.31 BLK BLACKROCK INC 2494504 804.96 251 202,044.96
0.30 INTU INTUIT INC 2459020 405.37 484 196,199.08
0.29 TGT TARGET CORP 2259101 207.27 921 190,895.67
0.29 CASH 1.00 188,115 188,114.72
0.29 SCHW SCHWAB (CHARLES) CORP 2779397 63.69 2,921 186,038.49
0.28 BKNG BOOKING HOLDINGS INC BDRXDB4 2,345.00 79 185,255.00
0.28 NOW SERVICENOW INC B80NXX8 540.78 336 181,702.08
0.28 CVS CVS HEALTH CORP 2577609 75.91 2,373 180,134.43
0.27 MU MICRON TECHNOLOGY INC 2588184 87.48 2,030 177,584.40
0.26 CI CIGNA CORP BHJ0775 253.37 679 172,038.23
0.26 AMD ADVANCED MICRO DEVICES 2007849 79.27 2,146 170,113.42
0.26 FIS FIDELITY NATIONA 2769796 151.78 1,116 169,386.48
0.26 LMT LOCKHEED MARTIN CORP 2522096 387.33 437 169,263.21
0.26 ISRG INTUITIVE SURGICAL INC 2871301 811.11 206 167,088.66
0.26 ANTM ANTHEM INC BSPHGL4 381.88 437 166,881.56
0.26 SQ SQUARE INC - A BYNZGK1 245.50 679 166,694.50
0.25 SPGI S&P GLOBAL INC BYV2325 379.06 437 165,649.22
0.25 SYK STRYKER CORP 2853688 258.43 632 163,327.76
0.25 AXP AMERICAN EXPRESS CO 2026082 145.10 1,116 161,931.60
0.25 MO ALTRIA GROUP INC 2692632 47.19 3,388 159,879.72
0.24 CHTR CHARTER COMMUN-A BZ6VT82 652.46 243 158,547.78
0.24 PLD PROLOGIS INC B44WZD7 114.75 1,358 155,830.50
0.23 MDLZ MONDELEZ INTER-A B8CKK03 59.21 2,568 152,051.28
0.23 GILD GILEAD SCIENCES INC 2369174 66.38 2,272 150,815.36
0.23 LRCX LAM RESEARCH CORP 2502247 613.03 244 149,579.32
0.23 ZTS ZOETIS INC B95WG16 168.74 874 147,478.76
0.22 CCI CROWN CASTLE INTL CORP BTGQCX1 183.00 773 141,459.00
0.21 ADP AUTOMATIC DATA PROCESSING 2065308 192.81 726 139,980.06
0.21 USB US BANCORP 2736035 56.22 2,467 138,694.74
0.21 CSX CSX CORP 2160753 98.45 1,405 138,322.25
0.21 TMUS T-MOBILE US INC B94Q9V0 130.55 1,055 137,730.25
0.21 DUK DUKE ENERGY CORP B7VD3F2 101.41 1,358 137,714.78
0.21 TFC TRUIST FINANCIAL CORP BKP7287 55.75 2,445 136,308.75
0.21 BDX BECTON DICKINSON AND CO 2087807 256.44 531 136,169.64
0.21 TJX TJX COMPANIES INC 2989301 67.75 1,983 134,348.25
0.20 MELI MERCADOLIBRE INC B23X1H3 1,533.41 87 133,406.67
0.20 PNC PNC FINANCIAL SE 2692665 171.73 773 132,747.29
0.20 ATVI ACTIVISION BLIZZARD INC 2575818 94.47 1,405 132,730.35
0.20 NSC NORFOLK SOUTHERN CORP 2641894 273.31 484 132,282.04
0.20 CME CME GROUP INC 2965839 206.12 632 130,267.84
0.20 FISV FISERV INC 2342034 124.56 1,030 128,296.80
0.20 SO SOUTHERN CO/THE 2829601 66.09 1,936 127,950.24
0.19 GM GENERAL MOTORS CO B665KZ5 55.77 2,272 126,709.44
0.19 CL COLGATE-PALMOLIVE CO 2209106 81.33 1,546 125,736.18
0.19 D DOMINION ENERGY INC 2542049 80.11 1,531 122,648.41
0.19 FDX FEDEX CORP 2142784 280.34 437 122,508.58
0.19 UBER UBER TECHNOLOGIES INC BK6N347 55.48 2,198 121,945.04
0.19 EL ESTEE LAUDER 2320524 309.43 390 120,677.70
0.18 ITW ILLINOIS TOOL WORKS 2457552 222.86 531 118,338.66
0.18 ICE INTERCONTINENTAL BFSSDS9 119.76 983 117,724.08
0.18 CB CHUBB LTD B3BQMF6 161.71 726 117,401.46
0.18 MMC MARSH & MCLENNAN COS 2567741 127.35 921 117,289.35
0.18 SHW SHERWIN-WILLIAMS CO/THE 2804211 267.24 437 116,783.88
0.18 EQIX EQUINIX INC BVLZX12 726.22 158 114,742.76
0.18 SNAP SNAP INC - A BD8DJ71 58.49 1,951 114,113.99
0.17 GPN GLOBAL PAYMENTS INC 2712013 213.03 531 113,118.93
0.17 ADSK AUTODESK INC 2065159 286.36 390 111,680.40
0.17 APD AIR PRODS & CHEM 2011602 284.54 390 110,970.60
0.17 ZM ZOOM VIDEO COM-A BGSP7M9 321.78 336 108,118.08
0.17 COF CAPITAL ONE FINA 2654461 131.50 820 107,830.00
0.17 BSX BOSTON SCIENTIFIC CORP 2113434 41.13 2,615 107,554.95
0.16 HUM HUMANA INC 2445063 443.00 242 107,206.00
0.16 ECL ECOLAB INC 2304227 220.84 484 106,886.56
0.16 VRTX VERTEX PHARM 2931034 220.16 484 106,557.44
0.16 ILMN ILLUMINA INC 2613990 398.39 267 106,370.13
0.16 PGR PROGRESSIVE CORP 2705024 99.79 1,062 105,976.98
0.16 ADI ANALOG DEVICES INC 2032067 154.47 679 104,885.13
0.16 WM WASTE MANAGEMENT INC 2937667 134.87 773 104,254.51
0.16 DD DUPONT DE NEMOURS INC BK0VN47 75.13 1,358 102,026.54
0.15 ETN EATON CORP PLC B8KQN82 138.46 726 100,521.96
0.15 EW EDWARDS LIFESCIENCES CORP 2567116 89.63 1,116 100,027.08
0.15 NOC NORTHROP GRUMMAN CORP 2648806 345.14 289 99,745.46
0.15 AON AON PLC-CLASS A BLP1HW5 234.82 422 99,094.04
0.15 REGN REGENERON PHARMACEUTICALS 2730190 504.42 195 98,361.90
0.15 EMR EMERSON ELECTRIC CO 2313405 90.83 1,062 96,461.46
0.15 BX BLACKSTONE GROUP INC/THE BKF2SL7 79.50 1,210 96,195.00
0.15 NEM NEWMONT CORP 2636607 65.84 1,452 95,599.68
0.15 DG DOLLAR GENERAL CORP B5B1S13 218.29 437 95,392.73
0.14 COP CONOCOPHILLIPS 2685717 48.65 1,936 94,186.40
0.14 FCX FREEPORT-MCMORAN INC 2352118 35.88 2,615 93,826.20
0.14 MCO MOODY'S CORP 2252058 323.76 289 93,566.64
0.14 HCA HCA HEALTHCARE INC B4MGBG6 192.94 484 93,382.96
0.14 TWTR TWITTER INC BFLR866 65.70 1,405 92,308.50
0.14 KLAC KLA CORP 2480138 318.92 289 92,167.88
0.14 MRNA MODERNA INC BGSXTS3 156.78 578 90,618.84
0.14 KMB KIMBERLY-CLARK CORP 2491839 142.39 632 89,990.48
0.14 TWLO TWILIO INC - A BD6P5Q0 367.65 242 88,971.30
0.14 ALGN ALIGN TECHNOLOGY INC 2679204 596.20 148 88,237.60
0.13 DOW DOW INC BHXCF84 62.48 1,358 84,847.84
0.13 WDAY WORKDAY INC-CLASS A B8K6ZD1 249.92 336 83,973.12
0.13 ROP ROPER TECHNOLOGIES INC 2749602 426.55 195 83,177.25
0.13 AEP AMERICAN ELECTRIC POWER 2026242 90.14 921 83,018.94
0.13 LHX L3HARRIS TECHNOLOGIES INC BK9DTN5 210.20 390 81,978.00
0.13 EXC EXELON CORP 2670519 45.80 1,788 81,890.40
0.13 HPQ HP INC BYX4D52 33.37 2,454 81,889.98
0.13 JCI JOHNSON CONTROLS BY7QL61 61.20 1,336 81,763.20
0.13 F FORD MOTOR CO 2615468 11.45 7,112 81,432.40
0.12 GD GENERAL DYNAMICS CORP 2365161 184.07 437 80,438.59
0.12 BAX BAXTER INTERNATIONAL INC 2085102 87.07 921 80,191.47
0.12 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 536.27 148 79,367.96
0.12 PSA PUBLIC STORAGE 2852533 273.37 289 79,003.93
0.12 ROST ROSS STORES INC 2746711 124.96 632 78,974.72
0.12 BIIB BIOGEN INC 2455965 273.20 289 78,954.80
0.12 IDXX IDEXX LABORATORIES INC 2459202 532.27 148 78,775.96
0.12 MET METLIFE INC 2573209 61.16 1,282 78,407.12
0.12 CTSH COGNIZANT TECH-A 2257019 79.61 968 77,062.48
0.12 LULU LULULEMON ATHLETICA INC B23FN39 316.29 242 76,542.18
0.12 DXCM DEXCOM INC B0796X4 388.91 195 75,837.45
0.12 PH PARKER HANNIFIN CORP 2671501 312.16 242 75,542.72
0.12 DLR DIGITAL REALTY TRUST INC B03GQS4 150.94 499 75,319.06
0.11 EA ELECTRONIC ARTS INC 2310194 140.86 531 74,796.66
0.11 EBAY EBAY INC 2293819 61.79 1,210 74,765.90
0.11 A AGILENT TECHNOLOGIES INC 2520153 132.46 563 74,574.98
0.11 SRE SEMPRA ENERGY 2138158 139.86 531 74,265.66
0.11 TEL TE CONNECTIVITY LTD B62B7C3 128.39 578 74,209.42
0.11 PPG PPG INDUSTRIES INC 2698470 169.00 437 73,853.00
0.11 DOCU DOCUSIGN INC BFYT7B7 219.43 336 73,728.48
0.11 TT TRANE TECHNOLOGIES PLC BK9ZQ96 168.20 437 73,503.40
0.11 IQV IQVIA HOLDINGS INC BDR73G1 217.12 336 72,952.32
0.11 EOG EOG RESOURCES INC 2318024 68.57 1,062 72,821.34
0.11 SNPS SYNOPSYS INC 2867719 250.17 289 72,299.13
0.11 CMG CHIPOTLE MEXICAN B0X7DZ3 1,532.09 47 72,008.23
0.11 TRV TRAVELERS COS INC/THE 2769503 155.73 462 71,947.26
0.11 AZO AUTOZONE INC 2065955 1,514.11 47 71,163.17
0.11 APH AMPHENOL CORP-CL A 2145084 66.79 1,062 70,930.98
0.11 INFO IHS MARKIT LTD BD0Q558 103.90 679 70,548.10
0.11 AIG AMERICAN INTERNA 2027342 45.53 1,546 70,389.38
0.11 SYY SYSCO CORP 2868165 80.31 874 70,190.94
0.11 BK BANK NY MELLON B1Z77F6 46.58 1,499 69,823.42
0.11 PRU PRUDENTIAL FINANCIAL INC 2819118 96.02 726 69,710.52
0.11 WBA WALGREENS BOOTS BTN1Y44 53.34 1,304 69,555.36
0.11 GIS GENERAL MILLS INC 2367026 62.30 1,116 69,526.80
0.11 CRWD CROWDSTRIKE HO-A BJJP138 206.60 336 69,417.60
0.11 MSCI MSCI INC B2972D2 468.03 148 69,268.44
0.11 XEL XCEL ENERGY INC 2614807 71.55 968 69,260.40
0.11 ROKU ROKU INC BZ1LFG7 354.85 195 69,195.75
0.11 STZ CONSTELLATION-A 2170473 238.31 289 68,871.59
0.11 TROW T ROWE PRICE GROUP INC 2702337 176.55 390 68,854.50
0.10 CDNS CADENCE DESIGN SYS INC 2302232 140.94 484 68,214.96
0.10 CARR CARRIER GLOBAL CORP BK4N0D7 42.52 1,600 68,032.00
0.10 ZBH ZIMMER BIOMET HO 2783815 173.81 390 67,785.90
0.10 MCHP MICROCHIP TECHNOLOGY INC 2592174 149.73 452 67,677.96
0.10 CNC CENTENE CORP 2807061 65.43 1,015 66,411.45
0.10 MNST MONSTER BEVERAGE CORP BZ07BW4 97.40 679 66,134.60
0.10 SPOT SPOTIFY TECHNOLOGY SA BFZ1K46 271.20 242 65,630.40
0.10 APTV APTIV PLC B783TY6 135.04 484 65,359.36
0.10 ALL ALLSTATE CORP 2019952 122.87 531 65,243.97
0.10 VEEV VEEVA SYSTEMS INC-CLASS A BFH3N85 268.85 242 65,061.70
0.10 ALXN ALEXION PHARM 2036070 166.54 390 64,950.60
0.10 MAR MARRIOTT INTL-A 2210614 141.97 452 64,170.44
0.10 GLW CORNING INC 2224701 45.56 1,405 64,011.80
0.10 CTVA CORTEVA INC BK73B42 46.96 1,358 63,771.68
0.10 LUV SOUTHWEST AIRLINES CO 2831543 59.85 1,062 63,560.70
0.10 SLB SCHLUMBERGER LTD 2779201 25.25 2,514 63,478.50
0.10 CMI CUMMINS INC 2240202 259.98 242 62,915.16
0.10 AFL AFLAC INC 2026361 52.59 1,195 62,845.05
0.10 YUM YUM! BRANDS INC 2098876 117.96 531 62,636.76
0.10 SPG SIMON PROPERTY GROUP INC 2812452 114.26 546 62,385.96
0.09 PINS PINTEREST INC- CLASS A BJ2Z0H2 71.32 857 61,121.24
0.09 MTCH MATCH GROUP INC BK80XH9 139.72 437 61,057.64
0.09 MPC MARATHON PETROLEUM CORP B3K3L40 52.05 1,163 60,534.15
0.09 MTD METTLER-TOLEDO 2126249 1,276.91 47 60,014.77
0.09 ADM ARCHER-DANIELS-MIDLAND CO 2047317 58.71 1,015 59,590.65
0.09 HLT HILTON WORLDWIDE BYVMW06 122.22 484 59,154.48
0.09 PANW PALO ALTO NETWORKS INC B87ZMX0 360.00 164 59,040.00
0.09 WELL WELLTOWER INC BYVYHH4 76.12 773 58,840.76
0.09 SWK STANLEY BLACK & B3Q2FJ4 202.94 289 58,649.66
0.09 PEG PUB SERV ENTERP 2707677 63.65 921 58,621.65
0.09 LBRDK LIBERTY BROADBAND-C BRTLC06 157.37 372 58,541.64
0.09 KMI KINDER MORGAN INC B3NQ4P8 16.55 3,536 58,520.80
0.09 PSX PHILLIPS 66 B78C4Y8 75.42 773 58,299.66
0.09 PCAR PACCAR INC 2665861 92.10 632 58,207.20
0.09 DHI DR HORTON INC 2250687 91.93 632 58,099.76
0.09 KSU KANSAS CITY SOUTHERN 2607647 295.50 195 57,622.50
0.09 WLTW WILLIS TOWERS WATSON PLC BDB6Q21 237.23 242 57,409.66
0.09 WEC WEC ENERGY GROUP INC BYY8XK8 99.15 578 57,308.70
0.09 ES EVERSOURCE ENERGY BVVN4Q8 90.58 632 57,246.56
0.09 AME AMETEK INC 2089212 130.89 437 57,198.93
0.09 SBAC SBA COMMUNICATIONS CORP BZ6TS23 292.02 195 56,943.90
0.09 PAYX PAYCHEX INC 2674458 97.51 578 56,360.78
0.09 MCK MCKESSON CORP 2378534 194.53 289 56,219.17
0.09 TDG TRANSDIGM GROUP INC B11FJK3 595.75 94 56,000.50
0.09 OKTA OKTA INC BDFZSP1 265.80 210 55,818.00
0.09 CSGP COSTAR GROUP INC 2262864 912.93 61 55,688.73
0.09 MARVELL TECH INC 2594653 45.84 1,210 55,466.40
0.08 AMP AMERIPRISE FINANCIAL INC B0J7D57 242.38 227 55,020.26
0.08 TEAM ATLASSIAN CORP-A BZ09BD1 226.34 242 54,774.28
0.08 OTIS OTIS WORLDWIDE CORP BK531S8 70.47 773 54,473.31
0.08 FAST FASTENAL CO 2332262 51.13 1,062 54,300.06
0.08 AWK AMERICAN WATER W B2R3PV1 161.31 336 54,200.16
0.08 TTD TRADE DESK INC-A BD8FDD1 686.07 79 54,199.53
0.08 XLNX XILINX INC 2985677 123.62 437 54,021.94
0.08 ANSS ANSYS INC 2045623 364.94 148 54,011.12
0.08 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 185.27 289 53,543.03
0.08 BLL BALL CORP 2073022 92.29 578 53,343.62
0.08 VRSK VERISK ANALYTICS INC B4P9W92 184.44 289 53,303.16
0.08 SWKS SKYWORKS SOLUTIONS INC 2961053 182.72 289 52,806.08
0.08 WMB WILLIAMS COS INC 2967181 23.45 2,225 52,176.25
0.08 WY WEYERHAEUSER CO 2958936 38.38 1,358 52,120.04
0.08 BBY BEST BUY CO INC 2094670 118.45 437 51,762.65
0.08 DAL DELTA AIR LINES INC B1W9D46 44.45 1,163 51,695.35
0.08 DFS DISCOVER FINANCI B1YLC43 96.80 531 51,400.80
0.08 ROK ROCKWELL AUTOMATION INC 2754060 263.22 195 51,327.90
0.08 KKR KKR & CO INC BG1FRR1 52.60 968 50,916.80
0.08 DLTR DOLLAR TREE INC 2272476 116.34 437 50,840.58
0.08 KR KROGER CO 2497406 37.76 1,343 50,711.68
0.08 LH LABORATORY CP 2586122 260.00 195 50,700.00
0.08 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 104.64 484 50,645.76
0.08 CTAS CINTAS CORP 2197137 341.70 148 50,571.60
0.08 EQR EQUITY RESIDENTIAL 2319157 74.09 679 50,307.11
0.08 ED CONSOLIDATED EDISON INC 2216850 79.35 632 50,149.20
0.08 FRC FIRST REPUBLIC BANK/CA B4WHY15 172.62 289 49,887.18
0.08 VLO VALERO ENERGY CORP 2041364 68.68 726 49,861.68
0.08 RMD RESMED INC 2732903 205.70 242 49,779.40
0.08 STT STATE STREET CORP 2842040 78.60 632 49,675.20
0.08 FTNT FORTINET INC B5B2106 202.80 242 49,077.60
0.08 VFC VF CORP 2928683 84.55 578 48,869.90
0.07 LEN LENNAR CORP-A 2511920 100.10 484 48,448.40
0.07 ODFL OLD DOMINION FREIGHT LINE 2656423 247.64 195 48,289.80
0.07 RNG RINGCENTRAL INC-CLASS A BDZCRX3 325.22 148 48,132.56
0.07 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 143.00 336 48,048.00
0.07 SIVB SVB FINANCIAL GROUP 2808053 507.71 94 47,724.74
0.07 KHC KRAFT HEINZ CO/THE BYRY499 41.03 1,163 47,717.89
0.07 DTE DTE ENERGY COMPANY 2280220 141.67 336 47,601.12
0.07 FITB FIFTH THIRD BANCORP 2336747 36.44 1,304 47,517.76
0.07 CPRT COPART INC 2208073 121.29 390 47,303.10
0.07 WST WEST PHARMACEUT 2950482 319.19 148 47,240.12
0.07 CLX CLOROX COMPANY 2204026 194.47 242 47,061.74
0.07 CBRE CBRE GROUP INC - A B6WVMH3 81.41 578 47,054.98
0.07 ZBRA ZEBRA TECH CORP 2989356 499.56 94 46,958.64
0.07 HSY HERSHEY CO/THE 2422806 162.19 289 46,872.91
0.07 AVB AVALONBAY COMMUNITIES INC 2131179 192.68 242 46,628.56
0.07 EFX EQUIFAX INC 2319146 192.20 242 46,512.40
0.07 URI UNITED RENTALS INC 2134781 310.74 148 45,989.52
0.07 AJG ARTHUR J GALLAGHER & CO 2359506 136.26 336 45,783.36
0.07 EPAM EPAM SYSTEMS INC B44Z3T8 446.92 101 45,138.92
0.07 MXIM MAXIM INTEGRATED PRODUCTS 2573760 92.58 484 44,808.72
0.07 KDP KEURIG DR PEPPER INC BD3W133 36.17 1,232 44,561.44
0.07 DELL DELL TECHNOLOGIES -C BHKD3S6 101.48 437 44,346.76
0.07 TDOC TELADOC HEALTH INC BYQRFY1 180.91 242 43,780.22
0.07 CDW CDW CORP/DE BBM5MD6 180.74 242 43,739.08
0.07 ETSY ETSY INC BWTN5N1 206.86 210 43,440.60
0.07 ARE ALEXANDRIA REAL 2009210 179.24 242 43,376.08
0.07 O REALTY INCOME CORP 2724193 68.59 632 43,348.88
0.07 PTON PELOTON INTERACTIVE INC-A BJ7WJS2 106.50 405 43,132.50
0.07 CERN CERNER CORP 2185284 75.32 571 43,007.72
0.07 YUMC YUM CHINA HOLDINGS INC BYW4289 59.00 726 42,834.00
0.07 VMC VULCAN MATERIALS CO 2931205 174.51 242 42,231.42
0.07 PXD PIONEER NATURAL 2690830 145.92 289 42,170.88
0.07 FLT FLEETCOR TECHNOLOGIES INC B4R28B3 284.75 148 42,143.00
0.06 ETR ENTERGY CORP 2317087 107.99 390 42,116.10
0.06 FTV FORTIVE CORP BYT3MK1 72.56 578 41,939.68
0.06 EIX EDISON INTERNATIONAL 2829515 61.52 679 41,772.08
0.06 TSN TYSON FOODS INC-CL A 2909730 78.53 531 41,699.43
0.06 NUE NUCOR CORP 2651086 78.49 531 41,678.19
0.06 HIG HARTFORD FINL SV 2476193 65.73 632 41,541.36
0.06 OKE ONEOK INC 2130109 50.63 820 41,516.60
0.06 EXPE EXPEDIA GROUP INC B748CK2 170.46 242 41,251.32
0.06 RSG REPUBLIC SERVICES INC 2262530 105.01 390 40,953.90
0.06 IP INTERNATIONAL PAPER CO 2465254 56.41 726 40,953.66
0.06 VRSN VERISIGN INC 2142922 209.50 195 40,852.50
0.06 PPL PPL CORP 2680905 29.00 1,405 40,745.00
0.06 TFX TELEFLEX INC 2881407 431.86 94 40,594.84
0.06 COO COOPER COS INC/THE 2222631 400.48 101 40,448.48
0.06 BF/B BROWN-FORMAN CORP-CLASS B 2146838 75.95 531 40,329.45
0.06 SYF SYNCHRONY FINANCIAL BP96PS6 39.57 1,015 40,163.55
0.06 LVS LAS VEGAS SANDS CORP B02T2J7 59.04 679 40,088.16
0.06 HUBS HUBSPOT INC BR4T3B3 497.71 80 39,816.80
0.06 MKC MCCORMICK-N/V 2550161 90.62 437 39,600.94
0.06 CHD CHURCH & DWIGHT CO INC 2195841 89.17 437 38,967.29
0.06 GWW WW GRAINGER INC 2380863 413.70 94 38,887.80
0.06 CVNA CARVANA CO BYQHPG3 262.63 148 38,869.24
0.06 PAYC PAYCOM SOFTWARE INC BL95MY0 382.42 101 38,624.42
0.06 OXY OCCIDENTAL PETROLEUM CORP 2655408 23.20 1,654 38,372.80
0.06 COUP COUPA SOFTWARE INC BD87XR1 258.38 148 38,240.24
0.06 SPLK SPLUNK INC B424494 131.74 289 38,072.86
0.06 VTR VENTAS INC 2927925 55.48 679 37,670.92
0.06 AEE AMEREN CORPORATION 2050832 85.89 437 37,533.93
0.06 KMX CARMAX INC 2983563 127.80 289 36,934.20
0.06 HPE HEWLETT PACKA BYVYWS0 15.75 2,341 36,870.75
0.06 VIAC VIACOMCBS INC - CLASS B BKTNTR9 37.92 968 36,706.56
0.06 W WAYFAIR INC- CLASS A BQXZP64 314.00 116 36,424.00
0.06 EXAS EXACT SCIENCES CORP 2719951 125.62 289 36,304.18
0.06 MTB M & T BANK CORP 2340168 149.67 242 36,220.14
0.06 XYL XYLEM INC B3P2CN8 107.59 336 36,150.24
0.06 WDC WESTERN DIGITAL CORP 2954699 67.98 531 36,097.38
0.06 NTRS NORTHERN TRUST CORP 2648668 107.37 336 36,076.32
0.06 HES HESS CORP 2023748 67.73 531 35,964.63
0.06 MKL MARKEL CORP 2566436 1,197.49 30 35,924.70
0.06 TER TERADYNE INC 2884183 124.27 289 35,914.03
0.06 QRVO QORVO INC BR9YYP4 183.95 195 35,870.25
0.06 HOLX HOLOGIC INC 2433530 73.82 484 35,728.88
0.05 GRMN GARMIN LTD B3Z5T14 138.20 257 35,517.40
0.05 HZNP HORIZON THERAPEUTICS PLC BQPVQZ6 91.06 390 35,513.40
0.05 KEY KEYCORP 2490911 19.84 1,788 35,473.92
0.05 WORK SLACK TECHNOLO-A BKBS541 42.10 842 35,448.20
0.05 EXR EXTRA SPACE STORAGE INC B02HWR9 146.39 242 35,426.38
0.05 TSCO TRACTOR SUPPLY COMPANY 2900335 181.05 195 35,304.75
0.05 FE FIRSTENERGY CORP 2100920 36.28 968 35,119.04
0.05 DOV DOVER CORP 2278407 144.86 242 35,056.12
0.05 SGEN SEAGEN INC BLPK4D2 144.76 242 35,031.92
0.05 IAC IAC/INTERACTIVECORP BMGTSK0 236.25 148 34,965.00
0.05 ABC AMERISOURCEBERGEN CORP 2795393 120.50 289 34,824.50
0.05 RF REGIONS FINANCIAL CORP B01R311 20.00 1,741 34,820.00
0.05 MLM MARTIN MARIETTA MATERIALS 2572079 344.61 101 34,805.61
0.05 TRMB TRIMBLE INC 2903958 79.42 438 34,785.96
0.05 TTWO TAKE-TWO INTERAC 2122117 177.90 195 34,690.50
0.05 CMS CMS ENERGY CORP 2219224 65.27 531 34,658.37
0.05 DRI DARDEN RESTAURANTS INC 2289874 142.94 242 34,591.48
0.05 INVH INVITATION HOMES INC BD81GW9 33.98 1,015 34,489.70
0.05 AES AES CORP 2002479 28.25 1,210 34,182.50
0.05 IR INGERSOLL-RAND INC BL5GZ82 50.34 679 34,180.86
0.05 AMCR AMCOR PLC BJ1F307 11.86 2,857 33,884.02
0.05 CAG CONAGRA BRANDS INC 2215460 38.27 874 33,447.98
0.05 CTXS CITRIX SYSTEMS INC 2182553 138.12 242 33,425.04
0.05 Z ZILLOW GROUP INC - C BYXJF62 129.20 257 33,204.40
0.05 CFG CITIZENS FINANCIAL GROUP BQRX1X3 42.71 773 33,014.83
0.05 PEAK HEALTHPEAK PROPERTIES INC BJBLRK3 34.05 968 32,960.40
0.05 IEX IDEX CORP 2456612 222.47 148 32,925.56
0.05 TRU TRANSUNION BYMWL86 96.57 336 32,447.52
0.05 CAH CARDINAL HEALTH INC 2175672 61.05 531 32,417.55
0.05 J JACOBS ENGIN GRP 2469052 133.19 242 32,231.98
0.05 BURL BURLINGTON STORES INC BF311Y5 318.70 101 32,188.70
0.05 STX SEAGATE TECHNOLOGY B58JVZ5 82.41 390 32,139.90
0.05 LNG CHENIERE ENERGY INC 2654364 73.22 437 31,997.14
0.05 EXPD EXPEDITORS INTL WASH INC 2325507 110.45 289 31,920.05
0.05 CTLT CATALENT INC BP96PQ4 109.36 289 31,605.04
0.05 SUI SUN COMMUNITIES INC 2860257 161.67 195 31,525.65
0.05 DGX QUEST DIAGNOSTICS INC 2702791 129.37 242 31,307.54
0.05 ANET ARISTA NETWORKS INC BN33VM5 309.53 101 31,262.53
0.05 NDAQ NASDAQ INC 2965107 159.68 195 31,137.60
0.05 DRE DUKE REALTY CORP 2284084 45.79 679 31,091.41
0.05 K KELLOGG CO 2486813 64.22 484 31,082.48
0.05 STE STERIS PLC BFY8C75 209.39 148 30,989.72
0.05 BR BROADRIDGE FINL B1VP7R6 158.85 195 30,975.75
0.05 CINF CINCINNATI FINANCIAL CORP 2196888 106.97 289 30,914.33
0.05 OMC OMNICOM GROUP 2279303 78.86 390 30,755.40
0.05 MAS MASCO CORP 2570200 63.50 484 30,734.00
0.05 MKTX MARKETAXESS HOLDINGS INC B03Q9D0 529.12 58 30,688.96
0.05 RJF RAYMOND JAMES 2718992 126.71 242 30,663.82
0.05 AKAM AKAMAI TECHNOLOGIES INC 2507457 105.38 289 30,454.82
0.05 CE CELANESE CORP B05MZT4 155.54 195 30,330.30
0.05 MAA MID-AMERICA APAR 2589132 154.69 195 30,164.55
0.05 PCG P G & E CORP 2689560 11.20 2,692 30,150.40
0.05 MDB MONGODB INC BF2FJ99 297.63 101 30,060.63
0.05 CCL CARNIVAL CORP 2523044 25.72 1,164 29,938.08
0.05 WAT WATERS CORP 2937689 296.27 101 29,923.27
0.05 ULTA ULTA BEAUTY INC B28TS42 316.94 94 29,792.36
0.05 ESS ESSEX PROPERTY TRUST INC 2316619 294.87 101 29,781.87
0.05 PFG PRINCIPAL FINANCIAL GROUP 2803014 61.50 484 29,766.00
0.05 SSNC SS&C TECHNOLOGIE B58YSC6 71.56 415 29,697.40
0.05 HAL HALLIBURTON CO 2405302 19.81 1,499 29,695.19
0.05 BIO BIO-RAD LABORATORIES-A 2098508 628.30 47 29,530.10
0.05 ENPH ENPHASE ENERGY INC B65SQW4 147.00 200 29,400.00
0.05 NTAP NETAPP INC 2630643 75.19 390 29,324.10
0.04 GPC GENUINE PARTS CO 2367480 119.25 242 28,858.50
0.04 PODD INSULET CORP B1XGNW4 283.48 101 28,631.48
0.04 ACGL ARCH CAPITAL GROUP LTD 2740542 39.24 726 28,488.24
0.04 VTRS VIATRIS INC BMWS3X9 13.11 2,169 28,435.59
0.04 INCY INCYTE CORP 2471950 84.57 336 28,415.52
0.04 IT GARTNER INC 2372763 191.43 148 28,331.64
0.04 EVRG EVERGY INC BFMXGR0 64.81 437 28,321.97
0.04 ALB ALBEMARLE CORP 2046853 148.52 190 28,218.80
0.04 HBAN HUNTINGTON BANCSHARES INC 2445966 15.17 1,842 27,943.14
0.04 DKNG DRAFTKINGS INC - CL A BMYML02 55.71 499 27,799.29
0.04 IFF INTL FLAVORS & FRAGRANCES 2464165 141.82 195 27,654.90
0.04 ZS ZSCALER INC BZ00V34 186.08 148 27,539.84
0.04 PKG PACKAGING CORP OF AMERICA 2504566 140.81 195 27,457.95
0.04 FMC FMC CORP 2328603 113.00 242 27,346.00
0.04 RCL ROYAL CARIBBEAN 2754907 81.07 336 27,239.52
0.04 EMN EASTMAN CHEMICAL CO 2298386 112.07 242 27,120.94
0.04 WAB WABTEC CORP 2955733 80.61 336 27,084.96
0.04 ELAN ELANCO ANIMAL HEALTH INC BF5L3T2 30.66 874 26,796.84
0.04 UAL UNITED AIRLINES B4QG225 50.30 531 26,709.30
0.04 BMRN BIOMARIN PHARMAC 2437071 79.45 336 26,695.20
0.04 ALNY ALNYLAM PHARMACE B00FWN1 136.03 195 26,525.85
0.04 PKI PERKINELMER INC 2305844 134.36 195 26,200.20
0.04 SJM JM SMUCKER CO/THE 2951452 132.51 195 25,839.45
0.04 BXP BOSTON PROPERTIES INC 2019479 106.13 242 25,683.46
0.04 XRAY DENTSPLY SIRONA INC BYNPPC6 65.48 390 25,537.20
0.04 DDOG DATADOG INC - CLASS A BKT9Y49 83.96 304 25,523.84
0.04 HRL HORMEL FOODS CORP 2437264 47.27 531 25,100.37
0.04 LNT ALLIANT ENERGY CORP 2973821 57.42 437 25,092.54
0.04 JBHT HUNT (JB) TRANS 2445416 168.37 148 24,918.76
0.04 NET CLOUDFLARE INC - CLASS A BJXC5M2 72.39 341 24,684.99
0.04 MASI MASIMO CORP B1YWR63 243.51 101 24,594.51
0.04 LDOS LEIDOS HOLDINGS INC BDV82B8 101.53 242 24,570.26
0.04 VMW VMWARE INC-CLASS A B23SN61 165.88 148 24,550.24
0.04 GDDY GODADDY INC - CLASS A BWFRFC6 84.79 289 24,504.31
0.04 JKHY JACK HENRY 2469193 163.85 148 24,249.80
0.04 CHRW CH ROBINSON 2116228 99.48 242 24,074.16
0.04 FOXA FOX CORP - CLASS A BJJMGL2 37.80 632 23,889.60
0.04 L LOEWS CORP 2523022 53.93 437 23,567.41
0.04 HAS HASBRO INC 2414580 96.73 242 23,408.66
0.04 SEDG SOLAREDGE TECHNO BWC52Q6 243.87 94 22,923.78
0.04 NLOK NORTONLIFELOCK INC BJN4XN5 21.82 1,047 22,845.54
0.04 BKR BAKER HUGHES CO BDHLTQ5 19.51 1,163 22,690.13
0.03 TYL TYLER TECHNOLOGIES INC 2909644 446.14 49 21,860.86
0.03 BRO BROWN & BROWN INC 2692687 49.37 437 21,574.69
0.03 BKI BLACK KNIGHT INC BDG75V1 74.13 289 21,423.57
0.03 ATUS ALTICE USA INC- A BDRY7P9 34.66 610 21,142.60
0.03 RPRX ROYALTY PHARMA PLC- CL A BMVP7Y0 41.44 509 21,092.96
0.03 TXG 10X GENOMICS INC-CLASS A BKS3RS7 180.74 116 20,965.84
0.03 APO APOLLO GLOBAL MA BKRLVD5 51.32 390 20,014.80
0.03 TDY TELEDYNE TECHNOLOGIES INC 2503477 425.64 47 20,005.08
0.03 NVR NVR INC 2637785 4,906.22 4 19,624.88
0.03 CPB CAMPBELL SOUP CO 2162845 50.14 390 19,554.60
0.03 LYV LIVE NATION ENTE B0T7YX2 78.45 242 18,984.90
0.03 DPZ DOMINO'S PIZZA INC B01SD70 398.05 47 18,708.35
0.03 HEI/A HEICO CORP-CLASS A 2237561 121.39 148 17,965.72
0.03 DISCK DISCOVERY INC-C B3D7KG4 30.20 578 17,455.60
0.03 DISH DISH NETWORK CORP-A 2303581 36.89 437 16,120.93
0.02 RUN SUNRUN INC BYXB1Y8 48.23 331 15,964.13
0.02 BEN FRANKLIN RESOURCES INC 2350684 29.09 531 15,446.79
0.02 FDS FACTSET RESEARCH 2329770 318.85 47 14,985.95
0.02 ROL ROLLINS INC 2747305 35.18 390 13,720.20
0.02 SNOW SNOWFLAKE INC-CLASS A BN134B7 225.22 56 12,612.32
0.02 SIRI SIRIUS XM HOLDINGS INC BGLDK10 6.31 1,985 12,525.35
0.02 HEI HEICO CORP 2419217 132.68 94 12,471.92
0.02 ZG ZILLOW GROUP INC - A BVYJBR3 131.68 94 12,377.92
0.02 TW TRADEWEB MARKE-A BJXMVK2 78.87 148 11,672.76
0.02 CHWY CHEWY INC - CLASS A BJLFHW7 77.00 148 11,396.00
0.02 IBKR INTERACTIVE BROK B1WT4X2 74.25 148 10,989.00
0.02 FOX FOX CORP - CLASS B BJJMGY5 36.65 289 10,591.85
0.02 SCCO SOUTHERN COPPER CORP 2823777 71.39 148 10,565.72
0.02 SRPT SAREPTA THERAPEUTICS INC B8DPDT7 71.30 148 10,552.40
0.02 ERIE ERIE INDEMNITY-A 2311711 223.15 47 10,488.05
0.02 DISCA DISCOVERY INC - A B3D7K31 35.47 289 10,250.83
0.01 LBRDA LIBERTY BROADBAND-A BRTLBY3 152.87 47 7,184.89
0.01 ZI ZOOMINFO TECH-A BMWF095 45.63 148 6,753.24
0.01 AGR AVANGRID INC BYP0CD9 53.22 101 5,375.22
0.01 WMG WARNER MUSIC-A BLGJ610 36.05 148 5,335.40
0.01 U UNITY SOFTWARE INC BLFDXH8 97.40 48 4,675.20
0.01 RKT ROCKET COS INC-CLASS A BMD6Y84 21.67 195 4,225.65
0.01 LEN/B LENNAR CORP - B SHS 2578293 80.38 47 3,777.86
0.01 BF/A BROWN-FORMAN CORP-CLASS A 2146816 71.59 47 3,364.73
0.00 UI UBIQUITI INC BK9Z6V8 276.30 5 1,381.50
0.00 VIACA VIACOMCBS INC - CLASS A BKTNTP7 42.33 7 296.31
Holdings are subject to change.


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.