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 03/27/24

Inception Date 01/12/21
Total Expense Ratio 0.39%
Net Assets $115.60 million
NAV $32.66
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 03/27/24

Ticker ONOF
Bloomberg Index Ticker AWSRSK
CUSIP 37954Y194
ISIN US37954Y1947
Primary Exchange NYSE Arca
Shares Outstanding 3,540,000
Number of Holdings 505
30-Day Median Bid-Ask Spread 0.25%

Distributions As of 03/27/24

30-Day SEC Yield 1.01%
Distribution Frequency Semi-Annually

ETF Prices As of 03/27/24

NAV $32.66 Daily Change $0.27 0.83%
Market Price $32.68 Daily Change $0.21 0.65%

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 18.32% 18.41% 18.90%
3 Years 9.77% 9.82% 10.02%
Since Inception 9.40% 9.46% 9.60%
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 7.09% 7.29% 7.18%
1 Month 5.38% 5.37% 5.43%
3 Months 11.94% 12.07% 12.06%
Since Inception 32.48% 32.72% 33.23%

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 03/28/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
6.90 MSFT MICROSOFT CORP 2588173 420.72 19,083 8,028,599.76
5.68 AAPL APPLE INC 2046251 171.48 38,537 6,608,324.76
4.79 NVDA NVIDIA CORP 2379504 903.56 6,167 5,572,254.52
3.63 AMZN AMAZON.COM INC 2000019 180.38 23,420 4,224,499.60
2.39 META META PLATFORMS INC B7TL820 485.58 5,728 2,781,402.24
2.00 GOOGL ALPHABET INC-CL A BYVY8G0 150.93 15,452 2,332,170.36
1.69 GOOG ALPHABET INC-CL C BYY88Y7 152.26 12,881 1,961,261.06
1.47 LLY ELI LILLY & CO 2516152 777.96 2,197 1,709,178.12
1.36 AVGO BROADCOM INC BDZ78H9 1,325.41 1,190 1,577,237.90
1.30 JPM JPMORGAN CHASE & CO 2190385 200.30 7,540 1,510,262.00
1.21 BRK/B BERKSHIRE HATH-B 2073390 420.52 3,355 1,410,844.60
1.08 TSLA TESLA INC B616C79 175.79 7,146 1,256,195.34
1.04 XOM EXXON MOBIL CORP 2326618 116.24 10,411 1,210,174.64
1.03 UNH UNITEDHEALTH GROUP INC 2917766 494.70 2,415 1,194,700.50
0.99 V VISA INC-CLASS A SHARES B2PZN04 279.08 4,115 1,148,414.20
0.90 MA MASTERCARD INC - A B121557 481.57 2,179 1,049,341.03
0.86 HD HOME DEPOT INC 2434209 383.60 2,607 1,000,045.20
0.85 PG PROCTER & GAMBLE CO/THE 2704407 162.25 6,122 993,294.50
0.85 JNJ JOHNSON & JOHNSON 2475833 158.19 6,266 991,218.54
0.75 MRK MERCK & CO. INC. 2778844 131.95 6,602 871,133.90
0.72 COST COSTCO WHOLESALE CORP 2701271 732.63 1,147 840,326.61
0.72 ABBV ABBVIE INC B92SR70 182.10 4,590 835,839.00
0.65 AMD ADVANCED MICRO DEVICES 2007849 180.49 4,161 751,018.89
0.63 CRM SALESFORCE INC 2310525 301.18 2,447 736,987.46
0.61 CVX CHEVRON CORP 2838555 157.74 4,474 705,728.76
0.59 NFLX NETFLIX INC 2857817 607.33 1,126 683,853.58
0.59 BAC BANK OF AMERICA CORP 2295677 37.92 18,016 683,166.72
0.57 WMT WALMART INC 2936921 60.17 11,058 665,359.86
0.54 PEP PEPSICO INC 2681511 175.01 3,578 626,185.78
0.53 KO COCA-COLA CO/THE 2206657 61.18 10,109 618,468.62
0.51 ADBE ADOBE INC 2008154 504.60 1,179 594,923.40
0.51 LIN LINDE PLC BNZHB81 464.32 1,276 592,472.32
0.50 TMO THERMO FISHER 2886907 581.21 1,004 583,534.84
0.50 DIS WALT DISNEY CO/THE 2270726 122.36 4,745 580,598.20
0.49 ACN ACCENTURE PLC-CL A B4BNMY3 346.61 1,654 573,292.94
0.47 WFC WELLS FARGO & CO 2649100 57.96 9,456 548,069.76
0.46 MCD MCDONALD'S CORP 2550707 281.95 1,891 533,167.45
0.46 CSCO CISCO SYSTEMS INC 2198163 49.91 10,597 528,896.27
0.44 ABT ABBOTT LABORATORIES 2002305 113.66 4,502 511,697.32
0.44 ORCL ORACLE CORP 2661568 125.61 4,035 506,836.35
0.42 GE GENERAL ELECTRIC CO BL59CR9 175.53 2,811 493,414.83
0.42 CAT CATERPILLAR INC 2180201 366.43 1,341 491,382.63
0.42 QCOM QUALCOMM INC 2714923 169.30 2,890 489,277.00
0.41 INTC INTEL CORP 2463247 44.17 10,833 478,493.61
0.40 INTU INTUIT INC 2459020 650.00 708 460,200.00
0.39 VZ VERIZON COMMUNIC 2090571 41.96 10,929 458,580.84
0.39 IBM IBM 2005973 190.96 2,363 451,238.48
0.39 AMAT APPLIED MATERIALS INC 2046552 206.23 2,175 448,550.25
0.39 CMCSA COMCAST CORP-CLASS A 2044545 43.35 10,338 448,152.30
0.37 DHR DANAHER CORP 2250870 249.72 1,715 428,269.80
0.35 TXN TEXAS INSTRUMENTS INC 2885409 174.21 2,353 409,916.13
0.35 PFE PFIZER INC 2684703 27.75 14,667 407,009.25
0.34 COP CONOCOPHILLIPS 2685717 127.28 3,144 400,168.32
0.34 NOW SERVICENOW INC B80NXX8 762.40 523 398,735.20
0.34 AMGN AMGEN INC 2023607 284.32 1,385 393,783.20
0.34 UBER UBER TECHNOLOGIES INC BK6N347 76.99 5,058 389,415.42
0.33 UNP UNION PACIFIC CORP 2914734 245.93 1,577 387,831.61
0.33 LOW LOWE'S COS INC 2536763 254.73 1,518 386,680.14
0.32 RTX RTX CORPORATION BM5M5Y3 97.53 3,797 370,321.41
0.32 PM PHILIP MORRIS IN B2PKRQ3 91.62 4,025 368,770.50
0.31 ISRG INTUITIVE SURGICAL INC 2871301 399.09 910 363,171.90
0.31 GS GOLDMAN SACHS GROUP INC 2407966 417.69 855 357,124.95
0.31 HON HONEYWELL INTL 2020459 205.25 1,730 355,082.50
0.30 SPGI S&P GLOBAL INC BYV2325 425.45 829 352,698.05
0.30 AXP AMERICAN EXPRESS CO 2026082 227.69 1,532 348,821.08
0.29 LRCX LAM RESEARCH CORP 2502247 971.57 348 338,106.36
0.29 NEE NEXTERA ENERGY INC 2328915 63.91 5,255 335,847.05
0.29 MU MICRON TECHNOLOGY INC 2588184 117.89 2,832 333,864.48
0.28 T AT&T INC 2831811 17.60 18,563 326,708.80
0.28 ETN EATON CORP PLC B8KQN82 312.68 1,031 322,373.08
0.28 BLK BLACKROCK INC 2494504 833.70 384 320,140.80
0.28 ELV ELEVANCE HEALTH INC BSPHGL4 518.54 617 319,939.18
0.27 BKNG BOOKING HOLDINGS INC BDRXDB4 3,627.88 87 315,625.56
0.27 MS MORGAN STANLEY 2262314 94.16 3,343 314,776.88
0.27 PGR PROGRESSIVE CORP 2705024 206.82 1,513 312,918.66
0.27 PLD PROLOGIS INC B44WZD7 130.22 2,397 312,137.34
0.27 C CITIGROUP INC 2297907 63.24 4,912 310,634.88
0.26 TJX TJX COMPANIES INC 2989301 101.42 2,978 302,028.76
0.26 MDT MEDTRONIC PLC BTN1Y11 87.15 3,459 301,451.85
0.26 NKE NIKE INC -CL B 2640147 93.98 3,168 297,728.64
0.25 LMT LOCKHEED MARTIN CORP 2522096 454.87 646 293,846.02
0.25 SYK STRYKER CORP 2853688 357.87 818 292,737.66
0.25 BMY BRISTOL-MYERS SQUIBB CO 2126335 54.23 5,283 286,497.09
0.24 VRTX VERTEX PHARM 2931034 418.01 670 280,066.70
0.24 UPS UNITED PARCEL-B 2517382 148.63 1,879 279,275.77
0.24 BA BOEING CO/THE 2108601 192.99 1,447 279,256.53
0.24 CB CHUBB LTD B3BQMF6 259.13 1,071 277,528.23
0.24 CI THE CIGNA GROUP BHJ0775 363.19 762 276,750.78
0.24 DE DEERE & CO 2261203 410.74 667 273,963.58
0.23 ADP AUTOMATIC DATA PROCESSING 2065308 249.74 1,073 267,971.02
0.23 SBUX STARBUCKS CORP 2842255 91.39 2,917 266,584.63
0.23 MMC MARSH & MCLENNAN COS 2567741 205.98 1,287 265,096.26
0.23 CVS CVS HEALTH CORP 2577609 79.76 3,321 264,882.96
0.22 REGN REGENERON PHARMACEUTICALS 2730190 962.49 271 260,834.79
0.22 ADI ANALOG DEVICES INC 2032067 197.79 1,313 259,698.27
0.22 BSX BOSTON SCIENTIFIC CORP 2113434 68.49 3,791 259,645.59
0.22 SCHW SCHWAB (CHARLES) CORP 2779397 72.34 3,582 259,121.88
0.22 FI FISERV INC 2342034 159.82 1,569 250,757.58
0.21 KLAC KLA CORP 2480138 698.57 356 248,690.92
0.21 MDLZ MONDELEZ INTER-A B8CKK03 70.00 3,527 246,890.00
0.21 BX BLACKSTONE INC BKF2SL7 131.37 1,821 239,224.77
0.20 AMT AMERICAN TOWER CORP B7FBFL2 197.59 1,204 237,898.36
0.20 GILD GILEAD SCIENCES INC 2369174 73.25 3,233 236,817.25
0.20 PANW PALO ALTO NETWORKS INC B87ZMX0 284.13 807 229,292.91
0.19 WM WASTE MANAGEMENT INC 2937667 213.15 1,054 224,660.10
0.19 SNPS SYNOPSYS INC 2867719 571.50 391 223,456.50
0.19 CDNS CADENCE DESIGN SYS INC 2302232 311.28 701 218,207.28
0.18 SHW SHERWIN-WILLIAMS CO/THE 2804211 347.33 618 214,649.94
0.18 TGT TARGET CORP 2259101 177.21 1,191 211,057.11
0.18 ITW ILLINOIS TOOL WORKS 2457552 268.33 784 210,370.72
0.17 EQIX EQUINIX INC BVLZX12 825.33 246 203,031.18
0.17 SO SOUTHERN CO/THE 2829601 71.74 2,823 202,522.02
0.17 ZTS ZOETIS INC B95WG16 169.21 1,195 202,205.95
0.17 SLB SCHLUMBERGER LTD 2779201 54.81 3,686 202,029.66
0.17 MO ALTRIA GROUP INC 2692632 43.62 4,629 201,916.98
0.17 ICE INTERCONTINENTAL BFSSDS9 137.43 1,467 201,609.81
0.17 CME CME GROUP INC 2965839 215.29 935 201,296.15
0.17 CMG CHIPOTLE MEXICAN B0X7DZ3 2,906.77 69 200,567.13
0.17 MPC MARATHON PETROLEUM CORP B3K3L40 201.50 987 198,880.50
0.17 VOO VANGUARD S&P 500 ETF BF2GMJ3 480.70 410 197,087.00
0.17 CASH 1.00 193,827 193,826.92
0.17 DUK DUKE ENERGY CORP B7VD3F2 96.71 2,002 193,613.42
0.17 CL COLGATE-PALMOLIVE CO 2209106 90.05 2,150 193,607.50
0.17 EOG EOG RESOURCES INC 2318024 127.84 1,510 193,038.40
0.17 CSX CSX CORP 2160753 37.07 5,196 192,615.72
0.17 TMUS T-MOBILE US INC B94Q9V0 163.22 1,176 191,946.72
0.16 PYPL PAYPAL HOLDINGS INC BYW36M8 66.99 2,845 190,586.55
0.16 MCK MCKESSON CORP 2378534 536.85 351 188,434.35
0.16 PSX PHILLIPS 66 B78C4Y8 163.34 1,150 187,841.00
0.16 NOC NORTHROP GRUMMAN CORP 2648806 478.66 392 187,634.72
0.16 CRWD CROWDSTRIKE HO-A BJJP138 320.59 579 185,621.61
0.16 BDX BECTON DICKINSON AND CO 2087807 247.45 750 185,587.50
0.16 PH PARKER HANNIFIN CORP 2671501 555.79 332 184,522.28
0.16 ABNB AIRBNB INC-CLASS A BMGYYH4 164.96 1,106 182,445.76
0.15 ANET ARISTA NETWORKS INC BN33VM5 289.98 616 178,627.68
0.15 TT TRANE TECHNOLOGIES PLC BK9ZQ96 300.20 594 178,318.80
0.15 APH AMPHENOL CORP-CL A 2145084 115.35 1,528 176,254.80
0.15 MMM 3M CO 2595708 123.46 1,425 175,926.94
0.15 KKR KKR & CO INC BG1FRR1 100.58 1,736 174,606.88
0.15 FDX FEDEX CORP 2142784 289.74 601 174,133.74
0.15 FCX FREEPORT-MCMORAN INC 2352118 47.02 3,694 173,691.88
0.15 AON AON PLC-CLASS A BLP1HW5 333.72 518 172,866.96
0.15 USB US BANCORP 2736035 44.70 3,837 171,513.90
0.15 MAR MARRIOTT INTL-A 2210614 252.31 677 170,813.87
0.15 MELI MERCADOLIBRE INC B23X1H3 1,511.96 112 169,339.52
0.15 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,128.88 149 168,203.12
0.14 HCA HCA HEALTHCARE INC B4MGBG6 333.53 503 167,765.59
0.14 EMR EMERSON ELECTRIC CO 2313405 113.42 1,475 167,294.50
0.14 PNC PNC FINANCIAL SE 2692665 161.60 1,033 166,932.80
0.14 GD GENERAL DYNAMICS CORP 2365161 282.49 589 166,386.61
0.14 PCAR PACCAR INC 2665861 123.89 1,340 166,012.60
0.14 GM GENERAL MOTORS CO B665KZ5 45.35 3,588 162,715.80
0.14 MCO MOODY'S CORP 2252058 393.03 409 160,749.27
0.14 PXD PIONEER NATURAL 2690830 262.50 606 159,075.00
0.14 MRVL MARVELL TECHNOLOGY INC BNKJSM5 70.88 2,218 157,211.84
0.14 CTAS CINTAS CORP 2197137 687.03 228 156,642.84
0.13 ROP ROPER TECHNOLOGIES INC 2749602 560.84 278 155,913.52
0.13 CEG CONSTELLATION ENERGY BMH4FS1 184.85 835 154,349.75
0.13 CRH CRH PLC B01ZKD6 86.26 1,789 154,319.14
0.13 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 354.98 431 152,996.38
0.13 TDG TRANSDIGM GROUP INC B11FJK3 1,231.60 124 152,718.40
0.13 ECL ECOLAB INC 2304227 230.90 656 151,470.40
0.13 NSC NORFOLK SOUTHERN CORP 2641894 254.87 593 151,137.91
0.13 VLO VALERO ENERGY CORP 2041364 170.69 872 148,841.68
0.13 EW EDWARDS LIFESCIENCES CORP 2567116 95.56 1,554 148,500.24
0.13 WDAY WORKDAY INC-CLASS A B8K6ZD1 272.75 543 148,103.25
0.13 COF CAPITAL ONE FINA 2654461 148.89 980 145,912.20
0.13 ADSK AUTODESK INC 2065159 260.42 559 145,574.78
0.12 AIG AMERICAN INTERNA 2027342 78.17 1,839 143,754.63
0.12 AZO AUTOZONE INC 2065955 3,151.65 45 141,824.25
0.12 HLT HILTON WORLDWIDE BYVMW06 213.31 654 139,504.74
0.12 DXCM DEXCOM INC B0796X4 138.70 1,002 138,977.40
0.12 APD AIR PRODS & CHEM 2011602 242.27 572 138,578.44
0.12 AJG ARTHUR J GALLAGHER & CO 2359506 250.04 554 138,522.16
0.12 TRV TRAVELERS COS INC/THE 2769503 230.14 600 138,084.00
0.12 F FORD MOTOR CO 2615468 13.28 10,170 135,057.60
0.12 TFC TRUIST FINANCIAL CORP BKP7287 38.98 3,445 134,286.10
0.12 WELL WELLTOWER INC BYVYHH4 93.44 1,433 133,899.52
0.11 URI UNITED RENTALS INC 2134781 721.11 183 131,963.13
0.11 SPG SIMON PROPERTY GROUP INC 2812452 156.49 834 130,512.66
0.11 DHI DR HORTON INC 2250687 164.55 773 127,197.15
0.11 CPRT COPART INC 2208073 57.92 2,193 127,018.56
0.11 NUE NUCOR CORP 2651086 197.90 638 126,260.20
0.11 ROST ROSS STORES INC 2746711 146.76 860 126,213.60
0.11 CARR CARRIER GLOBAL CORP BK4N0D7 58.13 2,159 125,502.67
0.11 MCHP MICROCHIP TECHNOLOGY INC 2592174 89.71 1,386 124,338.06
0.11 WMB WILLIAMS COS INC 2967181 38.97 3,150 122,755.50
0.10 MET METLIFE INC 2573209 74.11 1,638 121,392.18
0.10 SQ BLOCK INC BYNZGK1 84.58 1,424 120,441.92
0.10 OKE ONEOK INC 2130109 80.17 1,501 120,335.17
0.10 FTNT FORTINET INC B5B2106 68.31 1,753 119,747.43
0.10 AFL AFLAC INC 2026361 85.86 1,389 119,259.54
0.10 CCI CROWN CASTLE INC BTGQCX1 105.83 1,116 118,106.28
0.10 PSA PUBLIC STORAGE 2852533 290.06 407 118,054.42
0.10 APO APOLLO GLOBAL MA BN44JF6 112.45 1,048 117,847.60
0.10 TEL TE CONNECTIVITY LTD B62B7C3 145.24 811 117,789.64
0.10 IDXX IDEXX LABORATORIES INC 2459202 539.93 218 117,704.74
0.10 IQV IQVIA HOLDINGS INC BDR73G1 252.89 465 117,593.85
0.10 AMP AMERIPRISE FINANCIAL INC B0J7D57 438.44 268 117,501.92
0.10 SRE SEMPRA 2138158 71.83 1,634 117,370.22
0.10 AEP AMERICAN ELECTRIC POWER 2026242 86.10 1,363 117,354.30
0.10 OXY OCCIDENTAL PETROLEUM CORP 2655408 64.99 1,805 117,306.95
0.10 ALL ALLSTATE CORP 2019952 173.01 678 117,300.78
0.10 SMCI SUPER MICRO COMPUTER INC B1VQR35 1,010.03 116 117,163.48
0.10 MSCI MSCI INC B2972D2 560.45 206 115,452.70
0.10 JCI JOHNSON CONTROLS BY7QL61 65.32 1,763 115,159.16
0.10 SNOW SNOWFLAKE INC-CLASS A BN134B7 161.60 710 114,736.00
0.10 FAST FASTENAL CO 2332262 77.14 1,474 113,704.36
0.10 LULU LULULEMON ATHLETICA INC B23FN39 390.65 290 113,288.50
0.10 FIS FIDELITY NATIONA 2769796 74.18 1,525 113,124.50
0.10 BK BANK NY MELLON B1Z77F6 57.62 1,957 112,762.34
0.10 DLR DIGITAL REALTY TRUST INC B03GQS4 144.04 781 112,495.24
0.10 HUM HUMANA INC 2445063 346.72 324 112,337.28
0.10 KMB KIMBERLY-CLARK CORP 2491839 129.35 865 111,887.75
0.10 PRU PRUDENTIAL FINANCIAL INC 2819118 117.40 948 111,295.20
0.10 A AGILENT TECHNOLOGIES INC 2520153 145.27 761 110,553.51
0.10 LEN LENNAR CORP-A 2511920 171.98 642 110,411.16
0.10 ODFL OLD DOMINION FREIGHT LINE 2656423 219.31 502 110,093.62
0.10 STZ CONSTELLATION-A 2170473 271.76 405 110,062.80
0.09 AME AMETEK INC 2089212 182.90 599 109,557.10
0.09 HES HESS CORP 2023748 152.64 717 109,442.88
0.09 DASH DOORDASH INC - A BN13P03 137.72 791 108,936.52
0.09 PLTR PALANTIR TECHN-A BN78DQ4 23.01 4,713 108,446.13
0.09 CNC CENTENE CORP 2807061 78.48 1,381 108,380.88
0.09 FERG FERGUSON PLC BKB0C57 218.43 496 108,341.28
0.09 PCG P G & E CORP 2689560 16.76 6,449 108,085.24
0.09 CMI CUMMINS INC 2240202 294.65 366 107,841.90
0.09 SYY SYSCO CORP 2868165 81.18 1,314 106,670.52
0.09 D DOMINION ENERGY INC 2542049 49.19 2,160 106,250.40
0.09 OTIS OTIS WORLDWIDE CORP BK531S8 99.27 1,069 106,119.63
0.09 CTVA CORTEVA INC BK73B42 57.67 1,836 105,882.12
0.09 DOW DOW INC BHXCF84 57.93 1,827 105,838.11
0.09 COIN COINBASE GLOBA-A BMC9P69 265.12 398 105,517.76
0.09 COR CENCORA INC 2795393 242.99 433 105,214.67
0.09 KR KROGER CO 2497406 57.13 1,831 104,605.03
0.09 NEM NEWMONT CORP 2636607 35.84 2,905 104,115.20
0.09 LHX L3HARRIS TECHNOLOGIES INC BK9DTN5 213.10 484 103,140.40
0.09 RSG REPUBLIC SERVICES INC 2262530 190.91 540 103,088.70
0.09 GWW WW GRAINGER INC 2380863 1,017.30 101 102,747.30
0.09 GIS GENERAL MILLS INC 2367026 69.97 1,466 102,576.02
0.09 PAYX PAYCHEX INC 2674458 122.80 829 101,801.20
0.09 CSGP COSTAR GROUP INC 2262864 96.60 1,049 101,333.40
0.09 LNG CHENIERE ENERGY INC 2654364 161.28 625 100,800.00
0.09 YUM YUM! BRANDS INC 2098876 138.65 724 100,382.60
0.09 TTD TRADE DESK INC-A BD8FDD1 87.42 1,140 99,658.80
0.09 IR INGERSOLL-RAND INC BL5GZ82 94.95 1,045 99,222.75
0.09 O REALTY INCOME CORP 2724193 54.10 1,831 99,057.10
0.08 IT GARTNER INC 2372763 476.67 203 96,764.01
0.08 CTSH COGNIZANT TECH-A 2257019 73.29 1,316 96,449.64
0.08 EXC EXELON CORP 2670519 37.57 2,565 96,367.05
0.08 KVUE KENVUE INC BQ84ZQ6 21.46 4,487 96,291.02
0.08 PWR QUANTA SERVICES INC 2150204 259.80 370 96,126.00
0.08 VMC VULCAN MATERIALS CO 2931205 272.92 343 93,611.56
0.08 EA ELECTRONIC ARTS INC 2310194 132.67 700 92,869.00
0.08 KMI KINDER MORGAN INC B3NQ4P8 18.34 5,060 92,800.40
0.08 SPOT SPOTIFY TECHNOLOGY SA BFZ1K46 263.90 348 91,837.20
0.08 HAL HALLIBURTON CO 2405302 39.42 2,329 91,809.18
0.08 DDOG DATADOG INC - CLASS A BKT9Y49 123.60 739 91,340.40
0.08 MLM MARTIN MARIETTA MATERIALS 2572079 613.94 148 90,863.12
0.08 MRNA MODERNA INC BGSXTS3 106.56 852 90,789.12
0.08 GPN GLOBAL PAYMENTS INC 2712013 133.66 675 90,220.50
0.08 CDW CDW CORP/DE BBM5MD6 255.78 348 89,011.44
0.08 DG DOLLAR GENERAL CORP B5B1S13 156.06 568 88,642.08
0.08 PPG PPG INDUSTRIES INC 2698470 144.90 611 88,533.90
0.08 VEEV VEEVA SYSTEMS INC-CLASS A BFH3N85 231.69 379 87,810.51
0.08 VRSK VERISK ANALYTICS INC B4P9W92 235.73 372 87,691.56
0.08 BKR BAKER HUGHES CO BDHLTQ5 33.50 2,609 87,401.50
0.08 ROK ROCKWELL AUTOMATION INC 2754060 291.33 298 86,816.34
0.07 ADM ARCHER-DANIELS-MIDLAND CO 2047317 62.81 1,378 86,552.18
0.07 FANG DIAMONDBACK ENERGY INC B7Y8YR3 198.17 436 86,402.12
0.07 PEG PUB SERV ENTERP 2707677 66.78 1,293 86,346.54
0.07 EL ESTEE LAUDER 2320524 154.15 558 86,015.70
0.07 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 90.91 945 85,909.95
0.07 ACGL ARCH CAPITAL GROUP LTD 2740542 92.44 927 85,691.88
0.07 DFS DISCOVER FINANCI B1YLC43 131.09 645 84,553.05
0.07 EFX EQUIFAX INC 2319146 267.52 316 84,536.32
0.07 DD DUPONT DE NEMOURS INC BK0VN47 76.67 1,083 83,033.61
0.07 DVN DEVON ENERGY CORP 2480677 50.18 1,648 82,696.64
0.07 ON ON SEMICONDUCTOR 2583576 73.55 1,111 81,714.05
0.07 ED CONSOLIDATED EDISON INC 2216850 90.81 897 81,456.57
0.07 HIG HARTFORD FINL SV 2476193 103.05 784 80,791.20
0.07 EXR EXTRA SPACE STORAGE INC B02HWR9 147.00 545 80,115.00
0.07 BIIB BIOGEN INC 2455965 215.63 371 79,998.73
0.07 RCL ROYAL CARIBBEAN 2754907 139.01 574 79,791.74
0.07 XYL XYLEM INC B3P2CN8 129.24 617 79,741.08
0.07 VICI VICI PROPERTIES INC BYWH073 29.79 2,674 79,658.46
0.07 DAL DELTA AIR LINES INC B1W9D46 47.87 1,657 79,320.59
0.07 ANSS ANSYS INC 2045623 347.16 228 79,152.48
0.07 FTV FORTIVE CORP BYT3MK1 86.02 917 78,880.34
0.07 MPWR MONOLITHIC POWER B01Z7J1 677.42 115 77,903.30
0.07 TEAM ATLASSIAN CORP-CL A BQ1PC76 195.11 398 77,653.78
0.07 WST WEST PHARMACEUT 2950482 395.71 196 77,559.16
0.07 MNST MONSTER BEVERAGE CORP BZ07BW4 59.28 1,307 77,478.96
0.07 CBRE CBRE GROUP INC - A B6WVMH3 97.24 796 77,403.04
0.07 HPQ HP INC BYX4D52 30.22 2,540 76,758.80
0.07 XEL XCEL ENERGY INC 2614807 53.75 1,422 76,432.50
0.07 FICO FAIR ISAAC CORP 2330299 1,249.61 61 76,226.21
0.07 DELL DELL TECHNOLOGIES -C BHKD3S6 114.11 668 76,225.48
0.07 CHTR CHARTER COMMUN-A BZ6VT82 290.63 260 75,563.80
0.07 KHC KRAFT HEINZ CO/THE BYRY499 36.90 2,038 75,202.20
0.06 TSCO TRACTOR SUPPLY COMPANY 2900335 261.72 285 74,590.20
0.06 WTW WILLIS TOWERS WATSON PLC BDB6Q21 275.00 270 74,250.00
0.06 RMD RESMED INC 2732903 198.03 374 74,063.22
0.06 HUBS HUBSPOT INC BR4T3B3 626.56 118 73,934.08
0.06 HSY HERSHEY CO/THE 2422806 194.50 379 73,715.50
0.06 VRT VERTIV HOLDINGS CO-A BL3LWS8 81.67 892 72,849.64
0.06 EBAY EBAY INC 2293819 52.78 1,377 72,678.06
0.06 CAH CARDINAL HEALTH INC 2175672 111.90 649 72,623.10
0.06 HWM HOWMET AEROSPACE INC BKLJ8V2 68.43 1,055 72,193.65
0.06 DLTR DOLLAR TREE INC 2272476 133.15 542 72,167.30
0.06 KDP KEURIG DR PEPPER INC BD3W133 30.67 2,341 71,798.47
0.06 ZBH ZIMMER BIOMET HO 2783815 131.98 544 71,797.12
0.06 NET CLOUDFLARE INC - CLASS A BJXC5M2 96.83 736 71,266.88
0.06 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 156.38 455 71,152.90
0.06 EIX EDISON INTERNATIONAL 2829515 70.73 990 70,022.70
0.06 TROW T ROWE PRICE GROUP INC 2702337 121.92 574 69,982.08
0.06 MTD METTLER-TOLEDO 2126249 1,331.29 52 69,227.08
0.06 PHM PULTEGROUP INC 2708841 120.62 566 68,270.92
0.06 AVB AVALONBAY COMMUNITIES INC 2131179 185.56 365 67,729.40
0.06 WY WEYERHAEUSER CO 2958936 35.91 1,881 67,546.71
0.06 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 102.28 659 67,402.52
0.06 MDB MONGODB INC BF2FJ99 358.64 186 66,707.04
0.06 WEC WEC ENERGY GROUP INC BYY8XK8 82.12 809 66,435.08
0.06 WAB WABTEC CORP 2955733 145.68 455 66,284.40
0.06 BLDR BUILDERS FIRSTSOURCE INC B0BV2M7 208.55 317 66,110.35
0.06 CHD CHURCH & DWIGHT CO INC 2195841 104.31 632 65,923.92
0.06 GLW CORNING INC 2224701 32.96 1,987 65,491.52
0.06 FITB FIFTH THIRD BANCORP 2336747 37.21 1,750 65,117.50
0.06 TRGP TARGA RESOURCES CORP B55PZY3 111.99 571 63,946.29
0.06 TTWO TAKE-TWO INTERAC 2122117 148.49 430 63,850.70
0.06 OTHER PAYABLE & RECEIVABLES 1.00 63,661 63,660.61
0.06 DOV DOVER CORP 2278407 177.19 359 63,611.21
0.05 ULTA ULTA BEAUTY INC B28TS42 522.88 121 63,268.48
0.05 ALGN ALIGN TECHNOLOGY INC 2679204 327.92 190 62,304.80
0.05 BR BROADRIDGE FINL B1VP7R6 204.86 304 62,277.44
0.05 RJF RAYMOND JAMES 2718992 128.42 481 61,770.02
0.05 MTB M & T BANK CORP 2340168 145.44 423 61,521.12
0.05 STT STATE STREET CORP 2842040 77.32 790 61,082.80
0.05 AWK AMERICAN WATER W B2R3PV1 122.21 496 60,616.16
0.05 SBAC SBA COMMUNICATIONS CORP BZ6TS23 216.70 279 60,459.30
0.05 DECK DECKERS OUTDOOR CORP 2267278 941.26 64 60,240.64
0.05 IRM IRON MOUNTAIN INC BVFTF03 80.21 743 59,596.03
0.05 HPE HEWLETT PACKA BYVYWS0 17.73 3,308 58,650.84
0.05 DTE DTE ENERGY COMPANY 2280220 112.14 522 58,537.08
0.05 OMC OMNICOM GROUP 2279303 96.76 603 58,346.28
0.05 GRMN GARMIN LTD B3Z5T14 148.87 390 58,059.30
0.05 ETR ENTERGY CORP 2317087 105.68 548 57,912.64
0.05 APTV APTIV PLC B783TY6 79.65 726 57,825.90
0.05 STE STERIS PLC BFY8C75 224.82 257 57,778.74
0.05 STLD STEEL DYNAMICS INC 2849472 148.23 389 57,661.47
0.05 ARES ARES MANAGEMENT CORP - A BF14BT1 132.98 433 57,580.34
0.05 AXON AXON ENTERPRISE INC BDT5S35 312.88 184 57,569.92
0.05 CPAY CORPAY INC BMX5GK7 308.54 186 57,388.44
0.05 PTC PTC INC B95N910 188.94 303 57,248.82
0.05 MOH MOLINA HEALTHCARE INC 2212706 410.83 139 57,105.37
0.05 NVR NVR INC 2637785 8,099.96 7 56,699.72
0.05 IFF INTL FLAVORS & FRAGRANCES 2464165 85.99 658 56,581.42
0.05 NTAP NETAPP INC 2630643 104.97 534 56,053.98
0.05 WDC WESTERN DIGITAL CORP 2954699 68.24 818 55,820.32
0.05 BAX BAXTER INTERNATIONAL INC 2085102 42.74 1,302 55,647.48
0.05 ILMN ILLUMINA INC 2613990 137.32 405 55,614.60
0.05 STX SEAGATE TECHNOLO BKVD2N4 93.05 596 55,457.80
0.05 HUBB HUBBELL INC BDFG6S3 415.05 133 55,201.65
0.05 EQR EQUITY RESIDENTIAL 2319157 63.11 874 55,158.14
0.05 NDAQ NASDAQ INC 2965107 63.10 872 55,023.20
0.05 GPC GENUINE PARTS CO 2367480 154.93 354 54,845.22
0.05 PFG PRINCIPAL FINANCIAL GROUP 2803014 86.31 627 54,116.37
0.05 FE FIRSTENERGY CORP 2100920 38.62 1,400 54,068.00
0.05 ES EVERSOURCE ENERGY BVVN4Q8 59.77 901 53,852.77
0.05 ENTG ENTEGRIS INC 2599700 140.54 382 53,686.28
0.05 BRO BROWN & BROWN INC 2692687 87.54 613 53,662.02
0.05 BALL BALL CORP 2073022 67.36 794 53,483.84
0.05 CTRA COTERRA ENERGY INC 2162340 27.88 1,911 53,278.68
0.05 LPLA LPL FINANCIAL HO B75JX34 264.20 200 52,840.00
0.05 INVH INVITATION HOMES INC BD81GW9 35.61 1,469 52,311.09
0.05 DRI DARDEN RESTAURANTS INC 2289874 167.15 312 52,150.80
0.05 PPL PPL CORP 2680905 27.53 1,892 52,086.76
0.04 PINS PINTEREST INC- CLASS A BJ2Z0H2 34.67 1,492 51,727.64
0.04 HBAN HUNTINGTON BANCSHARES INC 2445966 13.95 3,701 51,628.95
0.04 ARE ALEXANDRIA REAL 2009210 128.91 399 51,435.09
0.04 DKNG DRAFTKINGS INC-CL A BLDDH12 45.41 1,130 51,313.30
0.04 LYV LIVE NATION ENTE B0T7YX2 105.77 483 51,086.91
0.04 RF REGIONS FINANCIAL CORP B01R311 21.04 2,408 50,664.32
0.04 VLTO VERALTO CORP BPGMZQ5 88.66 570 50,536.20
0.04 BMRN BIOMARIN PHARMAC 2437071 87.34 577 50,395.18
0.04 UAL UNITED AIRLINES B4QG225 47.88 1,051 50,321.88
0.04 WAT WATERS CORP 2937689 344.23 146 50,257.58
0.04 WBD WARNER BROS DISCOVERY INC BM8JYX3 8.73 5,751 50,206.23
0.04 CBOE CBOE GLOBAL MARKETS INC B5834C5 183.73 273 50,158.29
0.04 CPNG COUPANG INC BNYHDF3 17.79 2,803 49,865.37
0.04 AEE AMEREN CORPORATION 2050832 73.96 674 49,849.04
0.04 CF CF INDUSTRIES HO B0G4K50 83.21 598 49,759.58
0.04 MKC MCCORMICK-N/V 2550161 76.81 647 49,696.07
0.04 J JACOBS SOLUTIONS INC BNGC0D3 153.73 323 49,654.79
0.04 BBY BEST BUY CO INC 2094670 82.03 601 49,300.03
0.04 BAH BOOZ ALLEN HAMIL B5367T7 148.44 331 49,133.64
0.04 CINF CINCINNATI FINANCIAL CORP 2196888 124.17 395 49,047.15
0.04 LVS LAS VEGAS SANDS CORP B02T2J7 51.70 945 48,856.50
0.04 CLX CLOROX COMPANY 2204026 153.11 319 48,842.09
0.04 LH LABORATORY CP 2586122 218.46 223 48,716.58
0.04 MKL MARKEL GROUP INC 2566436 1,521.48 32 48,687.36
0.04 SWK STANLEY BLACK & B3Q2FJ4 97.93 496 48,573.28
0.04 IEX IDEX CORP 2456612 244.02 199 48,559.98
0.04 COO COOPER COS INC/THE BQPDXR3 101.46 476 48,294.96
0.04 CE CELANESE CORP B05MZT4 171.86 281 48,292.66
0.04 TDY TELEDYNE TECHNOLOGIES INC 2503477 429.32 112 48,083.84
0.04 HOLX HOLOGIC INC 2433530 77.96 616 48,023.36
0.04 ALNY ALNYLAM PHARMACE B00FWN1 149.45 321 47,973.45
0.04 NTRS NORTHERN TRUST CORP 2648668 88.92 539 47,927.88
0.04 EXPE EXPEDIA GROUP INC B748CK2 137.75 342 47,110.50
0.04 CSL CARLISLE COS INC 2176318 391.85 120 47,022.00
0.04 AVY AVERY DENNISON CORP 2066408 223.25 209 46,659.25
0.04 CNP CENTERPOINT ENERGY INC 2440637 28.49 1,626 46,324.74
0.04 CAG CONAGRA BRANDS INC 2215460 29.64 1,556 46,119.84
0.04 SYF SYNCHRONY FINANCIAL BP96PS6 43.12 1,067 46,009.04
0.04 EXPD EXPEDITORS INTL WASH INC 2325507 121.57 377 45,831.89
0.04 RBLX ROBLOX CORP -CLASS A BMWBC20 38.18 1,192 45,510.56
0.04 WRB WR BERKLEY CORP 2093644 88.44 514 45,458.16
0.04 ATO ATMOS ENERGY CORP 2315359 118.87 379 45,051.73
0.04 L LOEWS CORP 2523022 78.29 575 45,016.75
0.04 CMS CMS ENERGY CORP 2219224 60.34 746 45,013.64
0.04 VTR VENTAS INC 2927925 43.54 1,033 44,976.82
0.04 VRSN VERISIGN INC 2142922 189.51 236 44,724.36
0.04 TER TERADYNE INC 2884183 112.83 395 44,567.85
0.04 LUV SOUTHWEST AIRLINES CO 2831543 29.19 1,522 44,427.18
0.04 FSLR FIRST SOLAR INC B1HMF22 168.80 263 44,394.40
0.04 ZS ZSCALER INC BZ00V34 192.63 229 44,112.27
0.04 SWKS SKYWORKS SOLUTIONS INC 2961053 108.32 406 43,977.92
0.04 CFG CITIZENS FINANCIAL GROUP BQRX1X3 36.29 1,186 43,039.94
0.04 JBHT HUNT (JB) TRANS 2445416 199.25 216 43,038.00
0.04 JBL JABIL INC 2471789 133.95 321 42,997.95
0.04 AVTR AVANTOR INC BJLT387 25.57 1,675 42,829.75
0.04 ZM ZOOM VIDEO COM-A BGSP7M9 65.37 654 42,751.98
0.04 TYL TYLER TECHNOLOGIES INC 2909644 425.01 100 42,501.00
0.04 TSN TYSON FOODS INC-CL A 2909730 58.73 721 42,344.33
0.04 MRO MARATHON OIL CORP 2910970 28.34 1,493 42,311.62
0.04 FDS FACTSET RESEARCH 2329770 454.39 92 41,803.88
0.04 CCL CARNIVAL CORP 2523044 16.34 2,552 41,699.68
0.04 AKAM AKAMAI TECHNOLOGIES INC 2507457 108.76 382 41,546.32
0.04 YUMC YUM CHINA HOLDINGS INC BYW4289 39.79 1,038 41,302.02
0.04 ENPH ENPHASE ENERGY INC B65SQW4 120.98 341 41,254.18
0.04 TRMB TRIMBLE INC 2903958 64.36 634 40,804.24
0.04 SUI SUN COMMUNITIES INC 2860257 128.58 317 40,759.86
0.04 BF/B BROWN-FORMAN CORP-CLASS B 2146838 51.62 783 40,418.46
0.04 OKTA OKTA INC BDFZSP1 104.62 384 40,174.08
0.03 ALB ALBEMARLE CORP 2046853 131.74 301 39,653.74
0.03 WBA WALGREENS BOOTS BTN1Y44 21.69 1,827 39,627.63
0.03 MAA MID-AMERICA APAR 2589132 131.58 299 39,342.42
0.03 FCNCA FIRST CITIZENS-A 2355582 1,635.00 24 39,240.00
0.03 TRU TRANSUNION BYMWL86 79.80 489 39,022.20
0.03 EQT EQT CORP 2319414 37.07 1,050 38,923.50
0.03 DGX QUEST DIAGNOSTICS INC 2702791 133.11 288 38,335.68
0.03 BSY BENTLEY SYSTEM-B BMC1PR6 52.22 732 38,225.04
0.03 K KELLANOVA 2486813 57.29 665 38,097.85
0.03 SNAP SNAP INC - A BD8DJ71 11.48 3,306 37,952.88
0.03 BG BUNGE GLOBAL SA BQ6BPG9 102.52 369 37,829.88
0.03 ESS ESSEX PROPERTY TRUST INC 2316619 244.81 154 37,700.74
0.03 ZBRA ZEBRA TECH CORP 2989356 301.44 125 37,680.00
0.03 LII LENNOX INTERNATIONAL INC 2442053 488.76 77 37,634.52
0.03 EPAM EPAM SYSTEMS INC B44Z3T8 276.16 136 37,557.76
0.03 UDR UDR INC 2727910 37.41 1,000 37,410.00
0.03 POOL POOL CORP 2781585 403.50 92 37,122.00
0.03 VTRS VIATRIS INC BMWS3X9 11.94 3,069 36,643.86
0.03 SSNC SS&C TECHNOLOGIE B58YSC6 64.37 562 36,175.94
0.03 AMCR AMCOR PLC BJ1F307 9.51 3,703 35,215.53
0.03 ROL ROLLINS INC 2747305 46.27 758 35,072.66
0.03 DOC HEALTHPEAK PROPERTIES INC BJBLRK3 18.75 1,850 34,687.50
0.03 MOS MOSAIC CO/THE B3NPHP6 32.46 1,062 34,472.52
0.03 SCCO SOUTHERN COPPER CORP 2823777 106.52 323 34,405.96
0.03 NDSN NORDSON CORP 2641838 274.54 124 34,042.96
0.03 RVTY REVVITY INC 2305844 105.00 321 33,705.00
0.03 HRL HORMEL FOODS CORP 2437264 34.89 964 33,633.96
0.03 SJM JM SMUCKER CO/THE 2951452 125.87 267 33,607.29
0.03 INCY INCYTE CORP 2471950 56.97 584 33,270.48
0.03 LNT ALLIANT ENERGY CORP 2973821 50.40 644 32,457.60
0.03 MGM MGM RESORTS INTERNATIONAL 2547419 47.21 686 32,386.06
0.03 EG EVEREST GROUP LTD 2556868 397.50 81 32,197.50
0.03 WPC WP CAREY INC B826YT8 56.44 562 31,719.28
0.03 PODD INSULET CORP B1XGNW4 171.40 183 31,366.20
0.03 EVRG EVERGY INC BFMXGR0 53.38 583 31,120.54
0.03 TW TRADEWEB MARKE-A BJXMVK2 104.17 293 30,521.81
0.03 HEI/A HEICO CORP-CLASS A 2237561 153.94 196 30,172.24
0.03 ACI ALBERTSONS COS-A BYNQ369 21.44 1,402 30,058.88
0.03 IBKR INTERACTIVE BROK B1WT4X2 111.71 262 29,268.02
0.03 RPRX ROYALTY PHARMA PLC- CL A BMVP7Y0 30.37 962 29,215.94
0.02 FOXA FOX CORP - CLASS A BJJMGL2 31.27 871 27,236.17
0.02 OWL BLUE OWL CAPITAL INC BN7CQS9 18.86 1,444 27,233.84
0.02 BEN FRANKLIN RESOURCES INC 2350684 28.11 959 26,957.49
0.02 DOX AMDOCS LTD 2256908 90.37 296 26,749.52
0.02 CPB CAMPBELL SOUP CO 2162845 44.45 598 26,581.10
0.02 PAYC PAYCOM SOFTWARE INC BL95MY0 199.01 125 24,876.25
0.02 RIVN RIVIAN AUTOMOTIVE INC-A BL98841 10.95 2,229 24,407.55
0.02 HEI HEICO CORP 2419217 191.00 104 19,864.00
0.01 GFS GLOBALFOUNDRIES INC BMW7F63 52.11 298 15,528.78
0.01 AZPN ASPEN TECHNOLOGY INC BP2V812 213.28 70 14,929.60
0.01 WMG WARNER MUSIC-A BLGJ610 33.02 443 14,627.86
0.01 FOX FOX CORP - CLASS B BJJMGY5 28.62 458 13,107.96
0.01 WLK Westlake Corporation B01ZP20 152.80 82 12,529.60
0.01 MBLY MOBILEYE GLOBAL INC-A BLFH8G4 32.15 326 10,480.90
0.01 AGR AVANGRID INC BYP0CD9 36.44 278 10,130.32
0.01 SIRI SIRIUS XM HOLDINGS INC BGLDK10 3.88 2,077 8,058.76
0.01 EDR ENDEAVOR GROUP-A BJQ05Y5 25.73 286 7,358.78
0.01 BF/A BROWN-FORMAN CORP-CLASS A 2146816 52.95 126 6,671.70
0.00 IOT SAMSARA INC-CL A BPK3058 37.79 112 4,232.48
0.00 SYM SYMBOTIC INC BPG82M8 45.00 57 2,565.00
0.00 RKT ROCKET COS INC-CLASS A BMD6Y84 14.55 118 1,716.90
-0.02 SOLV-W SOLVENTUM CORP-W/I BMTQB43 -69.00 356 -24,581.25
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.