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XTR

S&P 500 Tail Risk ETF

Reasons to Consider XTR

Growth Potential

XTR offers uncapped exposure to the growth potential1 of the stocks in the S&P 500 Index.

Manage Downside Risk

By buying protective puts, XTR seeks to mitigate significant selloffs of greater than approximately -10% from the purchase of the put to the options’ expiration in three months.

Efficient Options Execution

XTR buys put options on the S&P 500, saving investors the time and potential expense of doing so individually.

1XTR’s growth potential will decrease by the cost of the premiums paid

Key Information As of 12/05/23

Inception Date 08/25/21
Total Expense Ratio 0.26%
Net Assets $2.62 million
NAV $26.19
Fact Sheet View the document

ETF Summary

The Global X S&P 500 Tail Risk ETF (XTR) employs a protective put strategy for investors seeking to buffer against market selloffs. XTR seeks to achieve this outcome by owning the stocks in the S&P 500 Index, coupled with buying 10% out-of-the-money put options2 on the S&P 500 Index.

ETF Objective

The Global X S&P 500 Tail Risk ETF (XTR) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500 Tail Risk Index.

Trading Details As of 12/04/23

Ticker XTR
Bloomberg Index Ticker PPUT3M
CUSIP 37960A107
ISIN US37960A1079
Primary Exchange NYSE Arca
Shares Outstanding 100,000
Number of Holdings 504
30-Day Median Bid-Ask Spread 0.31%

Distributions As of 12/05/23

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

2An out-of-the-money put option conveys the right, but not the obligation, to sell an underlying asset at a strike price below that underlying asset’s market price (learn more)

ETF Prices As of 12/05/23

NAV $26.19 Daily Change -$0.02 -0.08%
Market Price $26.16 Daily Change -$0.03 -0.11%

Performance History

As of recent
(09/30/23)
As of recent
(09/30/23)
Fund NAV Market Price Index
1 Year 13.33% 13.13% 13.84%
Since Inception -2.85% -2.87% -2.21%
1 Year 8.79% 8.93% 9.35%
Since Inception -0.20% -0.24% 0.42%
Year-to-Date 9.71% 9.86% 10.15%
1 Month -4.36% -4.40% -4.31%
3 Months -3.28% -3.32% -3.16%
Since Inception -5.89% -5.93% -4.59%
Year-to-Date 16.04% 16.16% 16.53%
1 Month 8.13% 8.09% 8.14%
3 Months 1.16% 1.08% 1.24%
Since Inception -0.46% -0.54% 0.94%

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.

Options Details As of 12/04/23

S&P 500 Price 4,569.78 S&P 500 Mini Price 456.98

Downside Floor Details

Option Positions Notional Exposure Strike Downside Before Floor Expiration Date Calendar Days to Expiry
Long S&P 500 Put Option $2,284,890 4020 -12.03% 12/15/2023 11
Long S&P 500 Mini Put Option $319,885 402 -12.03% 12/15/2023 11

Top Holdings As of 12/05/23

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
7.42 AAPL APPLE INC 2046251 193.42 1,005 194,387.10
7.22 MSFT MICROSOFT CORP 2588173 372.52 508 189,240.16
3.47 AMZN AMAZON.COM INC 2000019 146.88 619 90,918.72
3.00 NVDA NVIDIA CORP 2379504 465.66 169 78,696.54
2.02 GOOGL ALPHABET INC-CL A BYVY8G0 130.99 404 52,919.96
1.84 META META PLATFORMS INC B7TL820 318.29 151 48,061.79
1.74 GOOG ALPHABET INC-CL C BYY88Y7 132.39 344 45,542.16
1.71 TSLA TESLA INC B616C79 238.72 188 44,879.36
1.69 BRK/B BERKSHIRE HATH-B 2073390 355.03 125 44,378.75
1.34 UNH UNITEDHEALTH GROUP INC 2917766 550.26 64 35,216.64
1.21 LLY ELI LILLY & CO 2516152 588.15 54 31,760.10
1.19 JPM JPMORGAN CHASE & CO 2190385 157.97 198 31,278.06
1.08 V VISA INC-CLASS A SHARES B2PZN04 254.61 111 28,261.71
1.06 XOM EXXON MOBIL CORP 2326618 100.44 277 27,821.88
1.05 AVGO BROADCOM INC BDZ78H9 913.12 30 27,393.60
1.00 JNJ JOHNSON & JOHNSON 2475833 158.55 165 26,160.75
0.91 PG PROCTER & GAMBLE CO/THE 2704407 146.76 163 23,921.88
0.89 MA MASTERCARD INC - A B121557 408.69 57 23,295.33
0.84 HD HOME DEPOT INC 2434209 323.50 68 21,998.00
0.71 MRK MERCK & CO. INC. 2778844 106.23 176 18,696.48
0.71 ADBE ADOBE INC 2008154 602.22 31 18,668.82
0.69 COST COSTCO WHOLESALE CORP 2701271 605.35 30 18,160.50
0.67 ABBV ABBVIE INC B92SR70 144.57 122 17,637.54
0.66 CVX CHEVRON CORP 2838555 142.86 121 17,286.06
0.63 CRM SALESFORCE INC 2310525 251.02 66 16,567.32
0.62 PEP PEPSICO INC 2681511 167.94 96 16,122.24
0.60 KO COCA-COLA CO/THE 2206657 58.66 268 15,720.88
0.58 WMT WALMART INC 2936921 155.73 97 15,105.81
0.56 MCD MCDONALD'S CORP 2550707 286.54 51 14,613.54
0.56 BAC BANK OF AMERICA CORP 2295677 30.58 475 14,525.50
0.55 ACN ACCENTURE PLC-CL A B4BNMY3 335.83 43 14,440.69
0.54 NFLX NETFLIX INC 2857817 455.15 31 14,109.65
0.52 LIN LINDE PLC BNZHB81 403.97 34 13,734.98
0.51 CSCO CISCO SYSTEMS INC 2198163 47.93 277 13,276.61
0.49 AMD ADVANCED MICRO DEVICES 2007849 118.38 109 12,903.42
0.49 TMO THERMO FISHER 2886907 491.60 26 12,781.60
0.48 ABT ABBOTT LABORATORIES 2002305 104.35 120 12,522.00
0.46 ORCL ORACLE CORP 2661568 114.53 106 12,140.18
0.46 INTC INTEL CORP 2463247 41.92 287 12,031.04
0.44 CMCSA COMCAST CORP-CLASS A 2044545 41.61 279 11,609.19
0.44 DIS WALT DISNEY CO/THE 2270726 90.79 127 11,530.33
0.44 WFC WELLS FARGO & CO 2649100 44.49 257 11,433.93
0.43 VZ VERIZON COMMUNIC 2090571 38.42 294 11,295.48
0.43 PFE PFIZER INC 2684703 29.09 386 11,228.74
0.42 INTU INTUIT INC 2459020 571.78 19 10,863.82
0.39 IBM IBM 2005973 161.39 64 10,328.96
0.38 PM PHILIP MORRIS IN B2PKRQ3 92.54 108 9,994.32
0.38 UNP UNION PACIFIC CORP 2914734 232.17 43 9,983.31
0.38 NKE NIKE INC -CL B 2640147 115.41 86 9,925.26
0.38 TXN TEXAS INSTRUMENTS INC 2885409 157.25 63 9,906.75
0.38 DHR DANAHER CORP 2250870 219.44 45 9,874.80
0.37 QCOM QUALCOMM INC 2714923 130.75 75 9,806.25
0.37 AMGN AMGEN INC 2023607 270.87 36 9,751.32
0.37 SPGI S&P GLOBAL INC BYV2325 423.15 23 9,732.45
0.37 NOW SERVICENOW INC B80NXX8 688.22 14 9,635.08
0.35 COP CONOCOPHILLIPS 2685717 113.14 81 9,164.34
0.35 BA BOEING CO/THE 2108601 234.16 39 9,132.24
0.34 CAT CATERPILLAR INC 2180201 255.19 35 8,931.65
0.34 GE GENERAL ELECTRIC CO BL59CR9 120.23 74 8,897.02
0.33 HON HONEYWELL INTL 2020459 196.95 44 8,665.80
0.33 T AT&T INC 2831811 17.22 499 8,592.78
0.32 RTX RTX CORPORATION BM5M5Y3 82.69 101 8,351.69
0.32 AMAT APPLIED MATERIALS INC 2046552 146.15 57 8,330.55
0.31 LOW LOWE'S COS INC 2536763 205.92 40 8,236.80
0.31 NEE NEXTERA ENERGY INC 2328915 58.23 138 8,035.74
0.30 UPS UNITED PARCEL-B 2517382 154.16 51 7,862.16
0.30 ISRG INTUITIVE SURGICAL INC 2871301 309.52 25 7,738.00
0.29 ELV ELEVANCE HEALTH INC BSPHGL4 482.05 16 7,712.80
0.29 PLD PROLOGIS INC B44WZD7 118.65 65 7,712.25
0.29 SBUX STARBUCKS CORP 2842255 95.54 80 7,643.20
0.29 GS GOLDMAN SACHS GROUP INC 2407966 341.75 22 7,518.50
0.29 BLK BLACKROCK INC 2494504 749.30 10 7,493.00
0.28 MDT MEDTRONIC PLC BTN1Y11 78.82 93 7,330.26
0.28 BMY BRISTOL-MYERS SQUIBB CO 2126335 50.23 145 7,283.35
0.28 MS MORGAN STANLEY 2262314 80.17 90 7,215.30
0.27 LMT LOCKHEED MARTIN CORP 2522096 446.24 16 7,139.84
0.27 TJX TJX COMPANIES INC 2989301 88.00 81 7,128.00
0.27 SYK STRYKER CORP 2853688 290.51 24 6,972.24
0.26 GILD GILEAD SCIENCES INC 2369174 79.02 87 6,874.74
0.26 DE DEERE & CO 2261203 361.14 19 6,861.66
0.26 MDLZ MONDELEZ INTER-A B8CKK03 70.68 96 6,785.28
0.26 MMC MARSH & MCLENNAN COS 2567741 196.35 34 6,675.90
0.25 AXP AMERICAN EXPRESS CO 2026082 170.68 39 6,656.52
0.25 PGR PROGRESSIVE CORP 2705024 163.53 40 6,541.20
0.25 AMT AMERICAN TOWER CORP B7FBFL2 210.41 31 6,522.71
0.25 ADI ANALOG DEVICES INC 2032067 180.63 36 6,502.68
0.25 ADP AUTOMATIC DATA PROCESSING 2065308 231.56 28 6,483.68
0.24 VRTX VERTEX PHARM 2931034 354.15 18 6,374.70
0.24 CB CHUBB LTD B3BQMF6 226.88 28 6,352.64
0.24 SCHW SCHWAB (CHARLES) CORP 2779397 62.23 102 6,347.46
0.24 BKNG BOOKING HOLDINGS INC BDRXDB4 3,148.01 2 6,296.02
0.24 LRCX LAM RESEARCH CORP 2502247 697.14 9 6,274.26
0.24 CVS CVS HEALTH CORP 2577609 71.02 87 6,178.74
0.24 PANW PALO ALTO NETWORKS INC B87ZMX0 292.78 21 6,148.38
0.23 ETN EATON CORP PLC B8KQN82 225.60 27 6,091.20
0.23 C CITIGROUP INC 2297907 46.70 129 6,024.30
0.23 ZTS ZOETIS INC B95WG16 179.65 33 5,928.45
0.23 SNPS SYNOPSYS INC 2867719 535.71 11 5,892.81
0.22 REGN REGENERON PHARMACEUTICALS 2730190 820.90 7 5,746.30
0.21 BX BLACKSTONE INC BKF2SL7 115.28 48 5,533.44
0.21 MU MICRON TECHNOLOGY INC 2588184 73.69 74 5,453.06
0.21 BSX BOSTON SCIENTIFIC CORP 2113434 54.88 99 5,433.12
0.21 SO SOUTHERN CO/THE 2829601 70.93 76 5,390.68
0.21 TMUS T-MOBILE US INC B94Q9V0 154.00 35 5,390.00
0.21 MO ALTRIA GROUP INC 2692632 42.57 126 5,363.82
0.20 FI FISERV INC 2342034 130.45 41 5,348.45
0.20 CME CME GROUP INC 2965839 218.34 24 5,240.16
0.20 CI THE CIGNA GROUP BHJ0775 257.78 20 5,155.60
0.19 DUK DUKE ENERGY CORP B7VD3F2 92.47 55 5,085.85
0.19 SLB SCHLUMBERGER LTD 2779201 50.61 98 4,959.78
0.19 EQIX EQUINIX INC BVLZX12 821.48 6 4,928.88
0.19 EOG EOG RESOURCES INC 2318024 121.95 40 4,878.00
0.19 KLAC KLA CORP 2480138 537.23 9 4,835.07
0.18 NOC NORTHROP GRUMMAN CORP 2648806 476.61 10 4,766.10
0.18 CDNS CADENCE DESIGN SYS INC 2302232 262.18 18 4,719.24
0.18 BDX BECTON DICKINSON AND CO 2087807 233.60 20 4,672.00
0.18 ITW ILLINOIS TOOL WORKS 2457552 244.62 19 4,647.78
0.18 CSX CSX CORP 2160753 33.29 139 4,627.31
0.18 PYPL PAYPAL HOLDINGS INC BYW36M8 57.92 79 4,575.68
0.17 AON AON PLC-CLASS A BLP1HW5 322.25 14 4,511.50
0.17 CMG CHIPOTLE MEXICAN B0X7DZ3 2,226.25 2 4,452.50
0.17 CL COLGATE-PALMOLIVE CO 2209106 77.68 57 4,427.76
0.17 WM WASTE MANAGEMENT INC 2937667 173.07 25 4,326.75
0.16 TGT TARGET CORP 2259101 132.88 32 4,252.16
0.16 SHW SHERWIN-WILLIAMS CO/THE 2804211 283.00 15 4,245.00
0.16 ICE INTERCONTINENTAL BFSSDS9 114.08 37 4,220.96
0.16 PSX PHILLIPS 66 B78C4Y8 127.70 33 4,214.10
0.16 USB US BANCORP 2736035 39.40 106 4,176.40
0.16 MCK MCKESSON CORP 2378534 460.79 9 4,147.11
0.16 MCO MOODY'S CORP 2252058 375.66 11 4,132.26
0.16 MMM 3M CO 2595708 101.69 40 4,067.60
0.15 MPC MARATHON PETROLEUM CORP B3K3L40 148.92 27 4,020.84
0.15 HUM HUMANA INC 2445063 500.35 8 4,002.80
0.15 FDX FEDEX CORP 2142784 266.08 15 3,991.20
0.15 APD AIR PRODS & CHEM 2011602 262.02 15 3,930.30
0.15 PH PARKER HANNIFIN CORP 2671501 434.83 9 3,913.47
0.15 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 977.97 4 3,911.88
0.15 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 324.56 12 3,894.72
0.15 ANET ARISTA NETWORKS INC BN33VM5 215.71 18 3,882.78
0.15 ABNB AIRBNB INC-CLASS A BMGYYH4 133.71 29 3,877.59
0.15 TDG TRANSDIGM GROUP INC B11FJK3 955.51 4 3,822.04
0.14 ROP ROPER TECHNOLOGIES INC 2749602 535.54 7 3,748.78
0.14 PNC PNC FINANCIAL SE 2692665 138.66 27 3,743.82
0.14 TT TRANE TECHNOLOGIES PLC BK9ZQ96 229.58 16 3,673.28
0.14 APH AMPHENOL CORP-CL A 2145084 91.32 40 3,652.80
0.14 MAR MARRIOTT INTL-A 2210614 202.71 18 3,648.78
0.14 FCX FREEPORT-MCMORAN INC 2352118 36.57 98 3,583.86
0.14 CCI CROWN CASTLE INC BTGQCX1 117.95 30 3,538.50
0.14 HCA HCA HEALTHCARE INC B4MGBG6 252.51 14 3,535.14
0.14 EMR EMERSON ELECTRIC CO 2313405 88.35 40 3,534.00
0.13 GD GENERAL DYNAMICS CORP 2365161 250.89 14 3,512.46
0.13 NXPI NXP SEMICONDUCTORS NV B505PN7 205.83 17 3,499.11
0.13 AJG ARTHUR J GALLAGHER & CO 2359506 244.79 14 3,427.06
0.13 PXD PIONEER NATURAL 2690830 225.78 15 3,386.70
0.13 NSC NORFOLK SOUTHERN CORP 2641894 223.91 15 3,358.65
0.13 CTAS CINTAS CORP 2197137 551.08 6 3,306.48
0.13 VLO VALERO ENERGY CORP 2041364 125.65 26 3,266.90
0.12 PSA PUBLIC STORAGE 2852533 268.83 12 3,225.96
0.12 LULU LULULEMON ATHLETICA INC B23FN39 456.93 7 3,198.51
0.12 PCAR PACCAR INC 2665861 93.87 34 3,191.58
0.12 ROST ROSS STORES INC 2746711 132.24 24 3,173.76
0.12 GM GENERAL MOTORS CO B665KZ5 32.68 97 3,169.96
0.12 NEM NEWMONT CORP 2636607 39.89 79 3,151.31
0.12 WELL WELLTOWER INC BYVYHH4 89.88 35 3,145.80
0.12 MSCI MSCI INC B2972D2 523.43 6 3,140.58
0.12 AFL AFLAC INC 2026361 82.61 38 3,139.18
0.12 SRE SEMPRA 2138158 70.93 44 3,120.92
0.12 OTHER PAYABLE & RECEIVABLES 1.00 3,115 3,115.31
0.12 IDXX IDEXX LABORATORIES INC 2459202 518.95 6 3,113.70
0.12 AIG AMERICAN INTERNA 2027342 65.90 47 3,097.30
0.12 MCHP MICROCHIP TECHNOLOGY INC 2592174 83.55 37 3,091.35
0.12 ADSK AUTODESK INC 2065159 220.45 14 3,086.30
0.12 WMB WILLIAMS COS INC 2967181 36.26 85 3,082.10
0.12 DXCM DEXCOM INC B0796X4 117.20 26 3,047.20
0.12 ECL ECOLAB INC 2304227 190.00 16 3,040.00
0.12 TFC TRUIST FINANCIAL CORP BKP7287 33.15 91 3,016.65
0.12 HLT HILTON WORLDWIDE BYVMW06 167.43 18 3,013.74
0.12 SPG SIMON PROPERTY GROUP INC 2812452 130.78 23 3,007.94
0.12 IQV IQVIA HOLDINGS INC BDR73G1 214.31 14 3,000.34
0.11 EW EDWARDS LIFESCIENCES CORP 2567116 68.85 43 2,960.55
0.11 CARR CARRIER GLOBAL CORP BK4N0D7 52.57 56 2,943.92
0.11 MET METLIFE INC 2573209 63.97 46 2,942.62
0.11 CNC CENTENE CORP 2807061 75.01 39 2,925.39
0.11 KMB KIMBERLY-CLARK CORP 2491839 121.45 24 2,914.80
0.11 COF CAPITAL ONE FINA 2654461 115.32 25 2,883.00
0.11 MNST MONSTER BEVERAGE CORP BZ07BW4 54.26 53 2,875.78
0.11 OXY OCCIDENTAL PETROLEUM CORP 2655408 57.28 50 2,864.00
0.11 TEL TE CONNECTIVITY LTD B62B7C3 129.69 22 2,853.18
0.11 CPRT COPART INC 2208073 48.79 58 2,829.82
0.11 F FORD MOTOR CO 2615468 10.60 263 2,787.80
0.11 LHX L3HARRIS TECHNOLOGIES INC BK9DTN5 198.01 14 2,772.14
0.11 OKE ONEOK INC 2130109 69.28 40 2,771.20
0.11 TRV TRAVELERS COS INC/THE 2769503 183.66 15 2,754.90
0.10 CEG CONSTELLATION ENERGY BMH4FS1 118.31 23 2,721.13
0.10 PAYX PAYCHEX INC 2674458 123.04 22 2,706.88
0.10 AEP AMERICAN ELECTRIC POWER 2026242 79.31 34 2,696.54
0.10 AZO AUTOZONE INC 2065955 2,671.13 1 2,671.13
0.10 ADM ARCHER-DANIELS-MIDLAND CO 2047317 74.14 36 2,669.04
0.10 NUE NUCOR CORP 2651086 165.76 16 2,652.16
0.10 D DOMINION ENERGY INC 2542049 46.32 57 2,640.24
0.10 SYY SYSCO CORP 2868165 73.21 36 2,635.56
0.10 DLR DIGITAL REALTY TRUST INC B03GQS4 138.68 19 2,634.92
0.10 HES HESS CORP 2023748 138.39 19 2,629.41
0.10 EXC EXELON CORP 2670519 38.50 68 2,618.00
0.10 DHI DR HORTON INC 2250687 130.73 20 2,614.60
0.10 STZ CONSTELLATION-A 2170473 236.66 11 2,603.26
0.10 GIS GENERAL MILLS INC 2367026 64.52 40 2,580.80
0.10 JCI JOHNSON CONTROLS BY7QL61 54.42 47 2,557.74
0.10 A AGILENT TECHNOLOGIES INC 2520153 127.88 20 2,557.60
0.10 CHTR CHARTER COMMUN-A BZ6VT82 364.40 7 2,550.80
0.10 O REALTY INCOME CORP 2724193 54.92 46 2,526.32
0.10 CTSH COGNIZANT TECH-A 2257019 70.13 36 2,524.68
0.09 AMP AMERIPRISE FINANCIAL INC B0J7D57 352.56 7 2,467.92
0.09 DOW DOW INC BHXCF84 51.14 48 2,454.72
0.09 FIS FIDELITY NATIONA 2769796 59.59 41 2,443.19
0.09 RSG REPUBLIC SERVICES INC 2262530 161.46 15 2,421.90
0.09 BK BANK NY MELLON B1Z77F6 48.43 50 2,421.50
0.09 FTNT FORTINET INC B5B2106 52.52 46 2,415.92
0.09 OTIS OTIS WORLDWIDE CORP BK531S8 85.84 28 2,403.52
0.09 GWW WW GRAINGER INC 2380863 798.57 3 2,395.71
0.09 VRSK VERISK ANALYTICS INC B4P9W92 238.60 10 2,386.00
0.09 KVUE KENVUE INC BQ84ZQ6 20.17 118 2,380.06
0.09 URI UNITED RENTALS INC 2134781 475.50 5 2,377.50
0.09 ED CONSOLIDATED EDISON INC 2216850 91.19 26 2,370.94
0.09 FAST FASTENAL CO 2332262 60.75 39 2,369.25
0.09 ODFL OLD DOMINION FREIGHT LINE 2656423 394.79 6 2,368.74
0.09 YUM YUM! BRANDS INC 2098876 124.38 19 2,363.22
0.09 ALL ALLSTATE CORP 2019952 138.68 17 2,357.56
0.09 PCG P G & E CORP 2689560 17.06 138 2,354.28
0.09 PRU PRUDENTIAL FINANCIAL INC 2819118 98.04 24 2,352.96
0.09 EA ELECTRONIC ARTS INC 2310194 137.42 17 2,336.14
0.09 BIIB BIOGEN INC 2455965 229.57 10 2,295.70
0.09 CMI CUMMINS INC 2240202 228.67 10 2,286.70
0.09 KMI KINDER MORGAN INC B3NQ4P8 17.50 130 2,275.00
0.09 CSGP COSTAR GROUP INC 2262864 84.15 27 2,272.05
0.09 FICO FAIR ISAAC CORP 2330299 1,131.04 2 2,262.08
0.09 XEL XCEL ENERGY INC 2614807 61.03 37 2,258.11
0.09 COR CENCORA INC 2795393 203.73 11 2,241.03
0.09 BKR BAKER HUGHES CO BDHLTQ5 32.80 68 2,230.40
0.08 AME AMETEK INC 2089212 155.50 14 2,177.00
0.08 IT GARTNER INC 2372763 434.83 5 2,174.15
0.08 HAL HALLIBURTON CO 2405302 36.17 60 2,170.20
0.08 CTVA CORTEVA INC BK73B42 43.89 49 2,150.61
0.08 PPG PPG INDUSTRIES INC 2698470 142.65 15 2,139.75
0.08 ACGL ARCH CAPITAL GROUP LTD 2740542 81.85 26 2,128.10
0.08 DD DUPONT DE NEMOURS INC BK0VN47 70.88 30 2,126.40
0.08 GPN GLOBAL PAYMENTS INC 2712013 117.84 18 2,121.12
0.08 VMC VULCAN MATERIALS CO 2931205 212.02 10 2,120.20
0.08 KDP KEURIG DR PEPPER INC BD3W133 32.03 66 2,113.98
0.08 LEN LENNAR CORP-A 2511920 131.90 16 2,110.40
0.08 ON ON SEMICONDUCTOR 2583576 72.28 29 2,096.12
0.08 PEG PUB SERV ENTERP 2707677 62.60 33 2,065.80
0.08 VICI VICI PROPERTIES INC BYWH073 30.26 68 2,057.68
0.08 KR KROGER CO 2497406 44.51 46 2,047.46
0.08 DLTR DOLLAR TREE INC 2272476 127.76 16 2,044.16
0.08 EXR EXTRA SPACE STORAGE INC B02HWR9 136.17 15 2,042.55
0.08 DVN DEVON ENERGY CORP 2480677 43.78 46 2,013.88
0.08 KHC KRAFT HEINZ CO/THE BYRY499 35.84 56 2,007.04
0.08 EL ESTEE LAUDER 2320524 132.17 15 1,982.55
0.08 MRNA MODERNA INC BGSXTS3 78.28 25 1,957.00
0.07 ROK ROCKWELL AUTOMATION INC 2754060 275.00 7 1,925.00
0.07 STT STATE STREET CORP 2842040 73.22 26 1,903.72
0.07 CDW CDW CORP/DE BBM5MD6 210.41 9 1,893.69
0.07 HSY HERSHEY CO/THE 2422806 187.93 10 1,879.30
0.07 IR INGERSOLL-RAND INC BL5GZ82 71.96 26 1,870.96
0.07 DG DOLLAR GENERAL CORP B5B1S13 133.39 14 1,867.46
0.07 ZBH ZIMMER BIOMET HO 2783815 115.82 16 1,853.12
0.07 MTB M & T BANK CORP 2340168 132.11 14 1,849.54
0.07 MLM MARTIN MARIETTA MATERIALS 2572079 459.25 4 1,837.00
0.07 MOH MOLINA HEALTHCARE INC 2212706 367.00 5 1,835.00
0.07 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 67.93 27 1,834.11
0.07 CAH CARDINAL HEALTH INC 2175672 107.14 17 1,821.38
0.07 FANG DIAMONDBACK ENERGY INC B7Y8YR3 150.15 12 1,801.80
0.07 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 138.22 13 1,796.86
0.07 DFS DISCOVER FINANCI B1YLC43 99.08 18 1,783.44
0.07 TTWO TAKE-TWO INTERAC 2122117 156.76 11 1,724.36
0.07 WST WEST PHARMACEUT 2950482 343.47 5 1,717.35
0.07 AWK AMERICAN WATER W B2R3PV1 131.38 13 1,707.94
0.07 PWR QUANTA SERVICES INC 2150204 189.43 9 1,704.87
0.06 WEC WEC ENERGY GROUP INC BYY8XK8 83.73 20 1,674.60
0.06 HPQ HP INC BYX4D52 28.86 58 1,673.88
0.06 EIX EDISON INTERNATIONAL 2829515 66.72 25 1,668.00
0.06 MPWR MONOLITHIC POWER B01Z7J1 553.39 3 1,660.17
0.06 TSCO TRACTOR SUPPLY COMPANY 2900335 207.19 8 1,657.52
0.06 DAL DELTA AIR LINES INC B1W9D46 37.61 44 1,654.84
0.06 CBRE CBRE GROUP INC - A B6WVMH3 81.11 20 1,622.20
0.06 WBD WARNER BROS DISCOVERY INC BM8JYX3 10.87 149 1,619.63
0.06 EBAY EBAY INC 2293819 41.48 39 1,617.72
0.06 RMD RESMED INC 2732903 160.95 10 1,609.50
0.06 TROW T ROWE PRICE GROUP INC 2702337 100.55 16 1,608.80
0.06 TDY TELEDYNE TECHNOLOGIES INC 2503477 402.05 4 1,608.20
0.06 XYL XYLEM INC B3P2CN8 105.79 15 1,586.85
0.06 AVB AVALONBAY COMMUNITIES INC 2131179 175.76 9 1,581.84
0.06 HIG HARTFORD FINL SV 2476193 78.97 20 1,579.40
0.06 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 92.82 17 1,577.94
0.06 FTV FORTIVE CORP BYT3MK1 68.30 23 1,570.90
0.06 EFX EQUIFAX INC 2319146 223.58 7 1,565.06
0.06 WY WEYERHAEUSER CO 2958936 31.29 50 1,564.50
0.06 AEE AMEREN CORPORATION 2050832 77.72 20 1,554.40
0.06 WAB WABTEC CORP 2955733 118.86 13 1,545.18
0.06 ES EVERSOURCE ENERGY BVVN4Q8 60.19 25 1,504.75
0.06 SBAC SBA COMMUNICATIONS CORP BZ6TS23 250.39 6 1,502.34
0.06 DTE DTE ENERGY COMPANY 2280220 106.66 14 1,493.24
0.06 RCL ROYAL CARIBBEAN 2754907 114.29 13 1,485.77
0.06 GLW CORNING INC 2224701 28.46 52 1,479.92
0.06 RJF RAYMOND JAMES 2718992 105.18 14 1,472.52
0.06 WTW WILLIS TOWERS WATSON PLC BDB6Q21 242.97 6 1,457.82
0.06 APTV APTIV PLC B783TY6 80.85 18 1,455.30
0.06 ULTA ULTA BEAUTY INC B28TS42 481.42 3 1,444.26
0.05 WAT WATERS CORP 2937689 284.95 5 1,424.75
0.05 ETR ENTERGY CORP 2317087 100.42 14 1,405.88
0.05 CHD CHURCH & DWIGHT CO INC 2195841 93.49 15 1,402.35
0.05 STLD STEEL DYNAMICS INC 2849472 116.61 12 1,399.32
0.05 EQR EQUITY RESIDENTIAL 2319157 58.25 24 1,398.00
0.05 ANSS ANSYS INC 2045623 279.27 5 1,396.35
0.05 STE STERIS PLC BFY8C75 198.55 7 1,389.85
0.05 EXPE EXPEDIA GROUP INC B748CK2 138.40 10 1,384.00
0.05 HPE HEWLETT PACKA BYVYWS0 16.08 85 1,366.80
0.05 BR BROADRIDGE FINL B1VP7R6 194.34 7 1,360.38
0.05 NTAP NETAPP INC 2630643 90.58 15 1,358.70
0.05 FITB FIFTH THIRD BANCORP 2336747 30.11 45 1,354.95
0.05 FDS FACTSET RESEARCH 2329770 446.50 3 1,339.50
0.05 FE FIRSTENERGY CORP 2100920 37.05 36 1,333.80
0.05 DRI DARDEN RESTAURANTS INC 2289874 160.04 8 1,280.32
0.05 EPAM EPAM SYSTEMS INC B44Z3T8 255.33 5 1,276.65
0.05 J JACOBS SOLUTIONS INC BNGC0D3 127.64 10 1,276.40
0.05 PPL PPL CORP 2680905 26.02 49 1,274.98
0.05 DOV DOVER CORP 2278407 141.36 9 1,272.24
0.05 INVH INVITATION HOMES INC BD81GW9 33.29 38 1,265.02
0.05 FLT FLEETCOR TECHNOLOGIES INC B4R28B3 250.94 5 1,254.70
0.05 IRM IRON MOUNTAIN INC BVFTF03 65.99 19 1,253.81
0.05 BAX BAXTER INTERNATIONAL INC 2085102 35.80 35 1,253.00
0.05 HWM HOWMET AEROSPACE INC BKLJ8V2 52.18 24 1,252.32
0.05 GRMN GARMIN LTD B3Z5T14 124.18 10 1,241.80
0.05 TYL TYLER TECHNOLOGIES INC 2909644 410.87 3 1,232.61
0.05 VTR VENTAS INC 2927925 46.94 26 1,220.44
0.05 CTRA COTERRA ENERGY INC 2162340 25.34 48 1,216.32
0.05 NTRS NORTHERN TRUST CORP 2648668 80.76 15 1,211.40
0.05 EXPD EXPEDITORS INTL WASH INC 2325507 121.04 10 1,210.40
0.05 IFF INTL FLAVORS & FRAGRANCES 2464165 75.42 16 1,206.72
0.05 GPC GENUINE PARTS CO 2367480 134.03 9 1,206.27
0.05 IP INTERNATIONAL PAPER CO 2465254 36.44 33 1,202.52
0.05 ARE ALEXANDRIA REAL 2009210 119.71 10 1,197.10
0.05 EG EVEREST GROUP LTD 2556868 397.19 3 1,191.57
0.05 NDSN NORDSON CORP 2641838 237.99 5 1,189.95
0.05 DPZ DOMINO'S PIZZA INC B01SD70 394.05 3 1,182.15
0.05 PHM PULTEGROUP INC 2708841 90.92 13 1,181.96
0.05 BALL BALL CORP 2073022 56.26 21 1,181.46
0.05 NDAQ NASDAQ INC 2965107 55.72 21 1,170.12
0.05 BG BUNGE GLOBAL SA BQ6BPG9 106.10 11 1,167.10
0.04 PKG PACKAGING CORP OF AMERICA 2504566 165.29 7 1,157.03
0.04 AKAM AKAMAI TECHNOLOGIES INC 2507457 115.62 10 1,156.20
0.04 CCL CARNIVAL CORP 2523044 16.50 70 1,155.00
0.04 PODD INSULET CORP B1XGNW4 191.14 6 1,146.84
0.04 CNP CENTERPOINT ENERGY INC 2440637 28.56 40 1,142.40
0.04 TRGP TARGA RESOURCES CORP B55PZY3 87.75 13 1,140.75
0.04 CASH 1.00 1,139 1,138.63
0.04 CINF CINCINNATI FINANCIAL CORP 2196888 103.17 11 1,134.87
0.04 VLTO VERALTO CORP BPGMZQ5 75.55 15 1,133.26
0.04 CLX CLOROX COMPANY 2204026 141.44 8 1,131.52
0.04 JBHT HUNT (JB) TRANS 2445416 188.41 6 1,130.46
0.04 ILMN ILLUMINA INC 2613990 111.76 10 1,117.60
0.04 HBAN HUNTINGTON BANCSHARES INC 2445966 11.64 96 1,117.44
0.04 SNA SNAP-ON INC 2818740 278.94 4 1,115.76
0.04 HOLX HOLOGIC INC 2433530 69.26 16 1,108.16
0.04 ESS ESSEX PROPERTY TRUST INC 2316619 221.51 5 1,107.55
0.04 ENPH ENPHASE ENERGY INC B65SQW4 110.00 10 1,100.00
0.04 WRB WR BERKLEY CORP 2093644 73.21 15 1,098.15
0.04 CBOE CBOE GLOBAL MARKETS INC B5834C5 181.96 6 1,091.76
0.04 CMS CMS ENERGY CORP 2219224 57.33 19 1,089.27
0.04 LUV SOUTHWEST AIRLINES CO 2831543 27.17 40 1,086.80
0.04 VRSN VERISIGN INC 2142922 217.18 5 1,085.90
0.04 LH LABORATORY CP 2586122 217.02 5 1,085.10
0.04 MTD METTLER-TOLEDO 2126249 1,081.88 1 1,081.88
0.04 ALGN ALIGN TECHNOLOGY INC 2679204 215.35 5 1,076.75
0.04 RF REGIONS FINANCIAL CORP B01R311 17.00 63 1,071.00
0.04 K KELLANOVA 2486813 53.35 20 1,067.00
0.04 MKC MCCORMICK-N/V 2550161 66.65 16 1,066.40
0.04 POOL POOL CORP 2781585 353.60 3 1,060.80
0.04 OMC OMNICOM GROUP 2279303 81.40 13 1,058.20
0.04 MRO MARATHON OIL CORP 2910970 24.40 43 1,049.20
0.04 PFG PRINCIPAL FINANCIAL GROUP 2803014 74.57 14 1,043.98
0.04 BRO BROWN & BROWN INC 2692687 74.05 14 1,036.70
0.04 BBY BEST BUY CO INC 2094670 74.00 14 1,036.00
0.04 LNT ALLIANT ENERGY CORP 2973821 51.25 20 1,025.00
0.04 ATO ATMOS ENERGY CORP 2315359 113.88 9 1,024.92
0.04 SYF SYNCHRONY FINANCIAL BP96PS6 33.98 30 1,019.40
0.04 IEX IDEX CORP 2456612 201.59 5 1,007.95
0.04 COO COOPER COS INC/THE 2222631 335.29 3 1,005.87
0.04 STX SEAGATE TECHNOLO BKVD2N4 76.96 13 1,000.48
0.04 TXT TEXTRON INC 2885937 76.38 13 992.94
0.04 SWKS SKYWORKS SOLUTIONS INC 2961053 99.04 10 990.40
0.04 LDOS LEIDOS HOLDINGS INC BDV82B8 110.00 9 990.00
0.04 WBA WALGREENS BOOTS BTN1Y44 20.51 48 984.48
0.04 NRG NRG ENERGY INC 2212922 48.26 20 965.20
0.04 PTC PTC INC B95N910 160.74 6 964.44
0.04 EQT EQT CORP 2319414 38.36 25 959.00
0.04 CF CF INDUSTRIES HO B0G4K50 73.22 13 951.86
0.04 TSN TYSON FOODS INC-CL A 2909730 49.94 19 948.86
0.04 DGX QUEST DIAGNOSTICS INC 2702791 134.89 7 944.23
0.04 ZBRA ZEBRA TECH CORP 2989356 234.36 4 937.44
0.04 WDC WESTERN DIGITAL CORP 2954699 46.77 20 935.40
0.04 FSLR FIRST SOLAR INC B1HMF22 155.39 6 932.34
0.04 AMCR AMCOR PLC BJ1F307 9.37 99 927.63
0.04 AXON AXON ENTERPRISE INC BDT5S35 231.72 4 926.88
0.04 TRMB TRIMBLE INC 2903958 45.94 20 918.80
0.04 L LOEWS CORP 2523022 70.34 13 914.42
0.04 TER TERADYNE INC 2884183 91.24 10 912.40
0.04 TFX TELEFLEX INC 2881407 227.56 4 910.24
0.04 LW LAMB WESTON HOLDINGS INC BDQZFJ3 100.62 9 905.58
0.03 HUBB HUBBELL INC BDFG6S3 299.82 3 899.46
0.03 LVS LAS VEGAS SANDS CORP B02T2J7 44.87 20 897.40
0.03 LKQ LKQ CORP 2971029 44.64 20 892.80
0.03 MAS MASCO CORP 2570200 62.28 14 871.92
0.03 CFG CITIZENS FINANCIAL GROUP BQRX1X3 29.06 30 871.80
0.03 CAG CONAGRA BRANDS INC 2215460 28.76 30 862.80
0.03 BF/B BROWN-FORMAN CORP-CLASS B 2146838 60.23 14 843.22
0.03 EMN EASTMAN CHEMICAL CO 2298386 83.57 10 835.70
0.03 KIM KIMCO REALTY CORP 2491594 20.21 41 828.61
0.03 GEN GEN DIGITAL INC BJN4XN5 22.25 37 823.25
0.03 SWK STANLEY BLACK & B3Q2FJ4 91.36 9 822.24
0.03 MGM MGM RESORTS INTERNATIONAL 2547419 39.13 21 821.73
0.03 UHS UNIVERSAL HLTH-B 2923785 136.11 6 816.66
0.03 ETSY ETSY INC BWTN5N1 81.66 10 816.60
0.03 JKHY JACK HENRY 2469193 161.33 5 806.65
0.03 TAP MOLSON COORS-B B067BM3 62.04 13 806.52
0.03 MOS MOSAIC CO/THE B3NPHP6 34.95 23 803.85
0.03 KEY KEYCORP 2490911 12.94 62 802.28
0.03 HST HOST HOTELS & RESORTS INC 2567503 17.68 45 795.60
0.03 CRL CHARLES RIVER LA 2604336 198.34 4 793.36
0.03 ALB ALBEMARLE CORP 2046853 113.26 7 792.82
0.03 UAL UNITED AIRLINES B4QG225 39.59 20 791.80
0.03 AVY AVERY DENNISON CORP 2066408 193.21 4 772.84
0.03 VTRS VIATRIS INC BMWS3X9 9.61 79 759.19
0.03 MAA MID-AMERICA APAR 2589132 126.45 6 758.70
0.03 MKTX MARKETAXESS HOLDINGS INC B03Q9D0 251.27 3 753.81
0.03 PNW PINNACLE WEST CAPITAL 2048804 74.82 10 748.20
0.03 IPG INTERPUBLIC GRP 2466321 30.82 24 739.68
0.03 LYV LIVE NATION ENTE B0T7YX2 81.41 9 732.69
0.03 APA APA CORP BNNF1C1 34.79 21 730.59
0.03 PAYC PAYCOM SOFTWARE INC BL95MY0 182.12 4 728.48
0.03 HII HUNTINGTON INGAL B40SSC9 240.48 3 721.44
0.03 AES AES CORP 2002479 17.94 40 717.60
0.03 EVRG EVERGY INC BFMXGR0 51.21 14 716.94
0.03 RVTY REVVITY INC 2305844 89.35 8 714.80
0.03 INCY INCYTE CORP 2471950 54.82 13 712.66
0.03 BBWI BATH & BODY WORKS INC BNNTGJ5 35.25 20 705.00
0.03 CE CELANESE CORP B05MZT4 140.00 5 700.00
0.03 SJM JM SMUCKER CO/THE 2951452 116.12 6 696.72
0.03 UDR UDR INC 2727910 34.54 20 690.80
0.03 AIZ ASSURANT INC 2331430 171.37 4 685.48
0.03 FFIV F5 INC 2427599 170.07 4 680.28
0.03 CDAY CERIDIAN HCM HOLDING INC BFX1V56 67.20 10 672.00
0.03 BWA BORGWARNER INC 2111955 32.98 20 659.60
0.03 ROL ROLLINS INC 2747305 40.99 16 655.84
0.03 PNR PENTAIR PLC BLS09M3 65.38 10 653.80
0.03 NI NISOURCE INC 2645409 26.14 25 653.50
0.03 KMX CARMAX INC 2983563 65.31 10 653.10
0.03 CZR CAESARS ENTERTAINMENT INC BMWWGB0 43.41 15 651.15
0.03 REG REGENCY CENTERS CORP 2726177 64.55 10 645.50
0.03 TECH BIO-TECHNE CORP BSHZ3Q0 64.38 10 643.80
0.02 PEAK HEALTHPEAK PROPERTIES INC BJBLRK3 18.36 34 624.24
0.02 GL GLOBE LIFE INC BK6YKG1 123.93 5 619.65
0.02 GNRC GENERAC HOLDINGS INC B6197Q2 122.77 5 613.85
0.02 WRK WESTROCK CO BYR0914 40.45 15 606.75
0.02 JNPR JUNIPER NETWORKS INC 2431846 28.75 21 603.75
0.02 CHRW CH ROBINSON 2116228 85.07 7 595.49
0.02 HRL HORMEL FOODS CORP 2437264 31.34 19 595.46
0.02 MTCH MATCH GROUP INC BK80XH9 32.32 18 581.76
0.02 CPB CAMPBELL SOUP CO 2162845 40.37 14 565.18
0.02 FOXA FOX CORP - CLASS A BJJMGL2 29.48 19 560.12
0.02 HSIC HENRY SCHEIN INC 2416962 69.88 8 559.04
0.02 CPT CAMDEN PROPERTY TRUST 2166320 93.04 6 558.24
0.02 BXP BOSTON PROPERTIES INC 2019479 61.98 9 557.82
0.02 AAL AMERICAN AIRLINE BCV7KT2 13.13 41 538.33
0.02 FMC FMC CORP 2328603 53.78 10 537.80
0.02 AOS SMITH (A.O.) CORP 2816023 76.31 7 534.17
0.02 FRT FEDERAL REALTY INVS TRUST BN7P9B2 99.77 5 498.85
0.02 PARA PARAMOUNT GLOBAL-CLASS B BKTNTR9 15.51 32 496.32
0.02 RHI ROBERT HALF INC 2110703 82.37 6 494.22
0.02 WYNN WYNN RESORTS LTD 2963811 82.21 6 493.26
0.02 QRVO QORVO INC BR9YYP4 97.11 5 485.55
0.02 IVZ INVESCO LTD B28XP76 15.00 32 480.00
0.02 CTLT CATALENT INC BP96PQ4 38.91 12 466.92
0.02 NWSA NEWS CORP - CLASS A BBGVT40 21.77 21 457.17
0.02 TPR TAPESTRY INC BF09HX3 32.42 14 453.88
0.02 XRAY DENTSPLY SIRONA INC BYNPPC6 32.18 14 450.52
0.02 WHR WHIRLPOOL CORP 2960384 108.09 4 432.36
0.02 BEN FRANKLIN RESOURCES INC 2350684 25.30 17 430.10
0.02 NCLH NORWEGIAN CRUISE B9CGTC3 17.59 24 422.16
0.02 ALLE ALLEGION PLC BFRT3W7 105.52 4 422.08
0.02 DVA DAVITA INC 2898087 104.61 4 418.44
0.02 RL RALPH LAUREN CORP B4V9661 129.10 3 387.30
0.02 CMA COMERICA INC 2212870 47.83 8 382.64
0.01 VFC VF CORP 2928683 18.07 21 379.47
0.01 MHK MOHAWK INDUSTRIES INC 2598699 91.68 4 366.72
0.01 ZION ZIONS BANCORP NA 2989828 37.39 9 336.51
0.01 HAS HASBRO INC 2414580 47.97 7 335.79
0.01 SEDG SOLAREDGE TECHNO BWC52Q6 81.90 4 327.60
0.01 BIO BIO-RAD LABORATORIES-A 2098508 305.78 1 305.78
0.01 SPX US 12/15/23 P4020 57.50 5 287.50
0.01 SEE SEALED AIR CORP 2232793 31.70 9 285.30
0.01 ALK ALASKA AIR GROUP INC 2012605 35.57 7 248.99
0.01 FOX FOX CORP - CLASS B BJJMGY5 27.46 7 192.22
0.00 NWS NEWS CORP - CLASS B BBGVT51 22.72 3 68.16
0.00 XSP US 12/15/23 P402 6.00 7 42.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 12/04/23

Return on Equity 22.10%
Weighted Avg. Market Cap 758,100 M
2022 2023
Price-to-earnings 20.91 20.45
Price-to-book value 4.82 4.25

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 11/30/23

Versus Beta
S&P 500 0.80
NASDAQ-100 0.60
MSCI EAFE 0.71
MSCI Emg. Mkts 0.55
Standard Deviation 16.20%

Source: new windowAltaVista Research, LLC

ETF Research

The Case for Tail Risk ETFs in a Portfolio

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Using Options Strategies in a Rising Rate Environment

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ETF Documents

Investing involves risk, including the possible loss of principal. Concentration in a particular industry or sector will subject XTR to loss due to adverse occurrences that may affect that industry or sector. Investors in XTR should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses.

The Fund engages in options trading. An option is a contract sold by one party to another that gives the buyer the right, but not the obligation, to buy (call) or sell (put) a stock at an agreed upon strike price within a certain period or on a specific date. By purchasing put options, in return for the payment of premiums, the Fund may be protected from a significant decline in the price of the S&P 500 Index if the put options become in the money (S&P 500 closes below the strike price as of the expiration date); but during periods where the S&P 500 Index appreciates, the Fund will underperform due to the cost of the premiums paid. A liquid market may not exist for options held by the Fund.

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 S&P or Cboe, nor do these entities 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 these entities.