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FLOW

U.S. Cash Flow Kings 100 ETF

 

Reasons to Consider FLOW

Strong Balance Sheets

FLOW holds companies that generate a high level of free cash flow, which may be better positioned to invest in new projects, increase dividend payouts, or pay down debt.

Measure of Profitability

Stocks of companies with high free cash flow are less sensitive to accounting adjustments that may impair the quality of a company’s profitability.

ETF Efficiency

FLOW allows investors to buy and sell a basket of U.S. equities that have high free cash flow yields,1 with the tax efficiency of an ETF.

1Free cash flow is the cash a company generates after accounting for operating and capital expenditures. Free cash flow yield is defined as a company’s free cash flow per share, divided by its enterprise value per share.

Key Information As of 11/27/24

Inception Date 07/10/23
Total Expense Ratio 0.25%
Net Assets $4.35 million
NAV $33.47
Fact Sheet View the document

ETF Summary

The Global X U.S. Cash Flow Kings 100 ETF (FLOW) offers exposure to U.S. companies that exhibit high free cash flow yields, relative to the broader domestic equity market. Free cash flow is a measure of profitability that correlates with quality, growth and value factor orientations,2 making FLOW a potentially appealing choice as a portfolio’s core allocation. FLOW may minimize idiosyncratic risks by implementing a sector cap of 25% and an individual constituent cap of 2%.

ETF Objective

The Global X U.S. Cash Flow Kings 100 ETF (FLOW) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Global X U.S. Cash Flow Kings 100 Index.

Trading Details As of 11/26/24

Ticker FLOW
Bloomberg Index Ticker GXFLOWT
CUSIP 37960A578
ISIN US37960A5781
Primary Exchange NYSE Arca
Shares Outstanding 130,000
Number of Holdings 99
30-Day Median Bid-Ask Spread 0.47%

Distributions As of 11/27/24

30-Day SEC Yield 1.92%
Trailing 12-Month Distribution (%) 2.01%
Distribution Rate 1.94%
Distribution Frequency Monthly

2Global X ETFs, July 2023. "Introducing the U.S. Cash Flow Kings 100 ETF (FLOW)"

ETF Prices As of 11/27/24

NAV $33.47 Daily Change -$0.16 -0.48%
Market Price $33.50 Daily Change -$0.16 -0.48%

Performance History

As of recent
(09/30/24)
As of recent
(09/30/24)
Fund NAV Market Price Index
1 Year 24.34% 24.35% 24.76%
Since Inception 22.73% 22.85% 23.12%
1 Year 26.89% 26.98% 27.38%
Since Inception 19.51% 19.68% 19.90%
Year-to-Date 14.99% 14.93% 15.28%
1 Month 0.94% 1.23% 0.96%
3 Months 7.58% 7.68% 7.67%
Since Inception 28.58% 28.74% 29.09%
Year-to-Date 12.99% 13.01% 13.32%
1 Month -1.74% -1.67% -1.70%
3 Months -0.78% -0.68% -0.69%
Since Inception 26.35% 26.59% 26.89%

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 11/27/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.99 COP CONOCOPHILLIPS 2685717 107.39 1,213 130,264.07
2.38 WBD WARNER BROS DISCOVERY INC BM8JYX3 10.38 9,964 103,426.32
2.26 BMY BRISTOL-MYERS SQUIBB CO 2126335 59.27 1,662 98,506.74
2.16 MO ALTRIA GROUP INC 2692632 57.65 1,629 93,911.85
2.09 CVX CHEVRON CORP 2838555 162.11 561 90,943.71
2.09 HPE HEWLETT PACKA BYVYWS0 20.80 4,366 90,812.80
2.07 COR CENCORA INC 2795393 249.69 360 89,888.40
2.07 EXPE EXPEDIA GROUP INC B748CK2 184.92 486 89,871.12
2.06 CAH CARDINAL HEALTH INC 2175672 122.63 731 89,642.53
2.03 T AT&T INC 2831811 23.27 3,797 88,356.19
2.00 NUE NUCOR CORP 2651086 154.77 561 86,825.97
1.99 EOG EOG RESOURCES INC 2318024 133.09 651 86,641.59
1.99 ABNB AIRBNB INC-CLASS A BMGYYH4 138.28 626 86,563.28
1.95 GEN GEN DIGITAL INC BJN4XN5 30.84 2,748 84,748.32
1.95 VLO VALERO ENERGY CORP 2041364 138.56 611 84,660.16
1.88 HPQ HP INC BYX4D52 34.66 2,363 81,901.58
1.84 FANG DIAMONDBACK ENERGY INC B7Y8YR3 176.19 454 79,990.26
1.81 LEN LENNAR CORP-A 2511920 174.10 451 78,519.10
1.78 MPC MARATHON PETROLEUM CORP B3K3L40 155.36 499 77,524.64
1.75 ZM ZOOM VIDEO COM-A BGSP7M9 85.36 893 76,226.48
1.75 DVN DEVON ENERGY CORP 2480677 37.84 2,010 76,058.40
1.75 QCOM QUALCOMM INC 2714923 156.40 486 76,010.40
1.67 ADM ARCHER-DANIELS-MIDLAND CO 2047317 54.37 1,338 72,747.06
1.64 HAL HALLIBURTON CO 2405302 31.88 2,243 71,506.84
1.40 FOXA FOX CORP - CLASS A BJJMGL2 46.71 1,304 60,909.84
1.32 TPR TAPESTRY INC BF09HX3 60.92 944 57,508.48
1.31 THC TENET HEALTHCARE CORP B8DMK08 141.98 402 57,075.96
1.28 OC OWENS CORNING B1FW7Q2 205.10 272 55,787.20
1.25 WPC WP CAREY INC B826YT8 57.51 948 54,519.48
1.22 TAP MOLSON COORS-B B067BM3 61.25 869 53,226.25
1.20 SNA SNAP-ON INC 2818740 369.23 141 52,061.43
1.17 WSM WILLIAMS-SONOMA INC 2967589 171.39 297 50,902.83
1.15 CLF CLEVELAND-CLIFFS INC BYVZ186 12.14 4,111 49,907.54
1.13 GAP GAP INC/THE 2360326 24.22 2,036 49,311.92
1.12 CAG CONAGRA BRANDS INC 2215460 27.45 1,767 48,504.15
1.10 SWKS SKYWORKS SOLUTIONS INC 2961053 86.80 553 48,000.40
1.08 PPC PILGRIM'S PRIDE CORP B5L3PZ2 50.48 930 46,946.40
1.03 DOCU DOCUSIGN INC BFYT7B7 80.38 556 44,691.28
1.02 TWLO TWILIO INC - A BD6P5Q0 102.91 433 44,560.03
1.02 DINO HF SINCLAIR CORP BMZQ9C1 40.98 1,085 44,463.30
0.98 JBL JABIL INC 2471789 133.33 319 42,532.27
0.97 DXC DXC TECHNOLOGY CO BYXD7B3 22.38 1,893 42,365.34
0.95 MTZ MASTEC INC 2155306 144.55 285 41,196.75
0.93 BG BUNGE GLOBAL SA BQ6BPG9 88.91 453 40,276.23
0.90 ARW ARROW ELECTRONICS INC 2051404 119.39 329 39,279.31
0.89 INGR INGREDION INC B7K24P7 147.03 264 38,815.92
0.89 RL RALPH LAUREN CORP B4V9661 222.67 174 38,744.58
0.88 OVV OVINTIV INC BJ01KB6 45.49 842 38,302.58
0.87 ADT ADT INC BFWCP81 7.66 4,917 37,664.22
0.86 WCC WESCO INTERNATIONAL INC 2416973 208.33 180 37,499.40
0.83 SMG SCOTTS MIRACLE-GRO CO 2781518 75.80 474 35,929.20
0.76 DBX DROPBOX INC-CLASS A BG0T321 28.00 1,175 32,900.00
0.75 SNX TD SYNNEX CORP 2002554 119.77 271 32,457.67
0.74 AGCO AGCO CORP 2010278 101.46 318 32,264.28
0.73 GRAB GRAB HOLDINGS LTD - CL A BP6NH40 5.18 6,115 31,675.70
0.71 ALSN ALLISON TRANSMIS B4PZ892 118.58 262 31,067.96
0.71 PVH PVH CORP B3V9F12 106.88 287 30,674.56
0.67 MTCH MATCH GROUP INC BK80XH9 32.51 890 28,933.90
0.66 CNM CORE & MAIN INC-CLASS A BNXKS92 47.11 608 28,642.88
0.66 SKX SKECHERS USA INC-CL A 2428042 63.71 448 28,542.08
0.65 MAT MATTEL INC 2572303 18.75 1,505 28,218.75
0.58 MLI MUELLER INDUSTRIES INC 2609717 80.83 312 25,218.96
0.58 BWA BORGWARNER INC 2111955 34.28 735 25,195.80
0.58 COLM COLUMBIA SPORTSWEAR CO 2229126 87.16 288 25,102.08
0.57 MIDD MIDDLEBY CORP 2590930 141.75 175 24,806.25
0.56 UFPI UFP INDUSTRIES INC BMQ60Q1 135.26 181 24,482.06
0.56 ETSY ETSY INC BWTN5N1 54.31 449 24,385.19
0.55 MUR MURPHY OIL CORP 2611206 32.53 738 24,007.14
0.55 DOX AMDOCS LTD 2256908 87.18 274 23,887.32
0.55 IGT INTERNATIONAL GA BVG7F06 19.33 1,232 23,814.56
0.53 CROX CROCS INC B0T7Z62 105.60 219 23,126.40
0.52 CART MAPLEBEAR INC BN4L6W3 43.44 517 22,458.48
0.51 DDS DILLARDS INC-CL A 2269768 447.41 50 22,370.50
0.51 SEE SEALED AIR CORP 2232793 36.24 609 22,070.16
0.50 HOG HARLEY-DAVIDSON INC 2411053 33.74 648 21,863.52
0.49 KRC KILROY REALTY CORP 2495529 42.05 505 21,235.25
0.49 HRB H&R BLOCK INC 2105505 59.33 357 21,180.81
0.48 THO THOR INDUSTRIES INC 2889876 111.13 187 20,781.31
0.47 LEA LEAR CORP B570P91 97.25 211 20,519.75
0.46 AYI ACUITY BRANDS INC 2818461 320.16 63 20,170.08
0.46 CHRD CHORD ENERGY CORP BLDDYB1 126.43 157 19,849.51
0.42 LPX LOUISIANA-PACIFIC CORP 2535243 116.64 157 18,312.48
0.42 LEVI LEVI STRAUSS-A BHRWS81 16.91 1,075 18,178.25
0.41 LYFT LYFT INC-A BJT1RW7 17.18 1,035 17,781.30
0.40 QRVO QORVO INC BR9YYP4 68.40 255 17,442.00
0.39 NEU NEWMARKET CORP B01CGF1 540.97 31 16,770.07
0.35 CRUS CIRRUS LOGIC INC 2197308 105.52 146 15,405.92
0.35 ZI ZOOMINFO TECHNOLOGIES INC BMWF095 11.00 1,400 15,400.00
0.35 RNG RINGCENTRAL INC-CLASS A BDZCRX3 38.06 401 15,262.06
0.34 UAA UNDER ARMOUR INC-CLASS A B0PZN11 9.70 1,533 14,870.10
0.34 AMKR AMKOR TECHNOLOGY INC 2242929 26.02 565 14,701.30
0.28 APLE APPLE HOSPITALIT BXRTX56 16.12 750 12,090.00
0.27 MSM MSC INDL DIRECT 2567655 85.24 140 11,933.60
0.27 NVST ENVISTA HOLDINGS CORP BK63SF3 22.33 528 11,790.24
0.23 CRI CARTER'S INC 2980939 55.01 185 10,176.85
0.23 TDC TERADATA CORP B247H10 30.93 318 9,835.74
0.21 MAN MANPOWERGROUP INC 2562490 64.56 138 8,909.28
0.17 IPGP IPG PHOTONICS CORP 2698782 77.30 98 7,575.40
0.17 SHOO STEVEN MADDEN LTD 2553911 44.84 162 7,264.08
0.13 OTHER PAYABLE & RECEIVABLES 1.00 5,768 5,767.59
0.06 CASH 1.00 2,575 2,575.21
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 10/31/24

Sector Weight (%)
Information Technology 19.8
Consumer Discretionary 19.3
Energy 19.0
Industrials 9.8
Consumer Staples 9.2
Health Care 8.1
Communication Services 6.5
Materials 5.7
Real Estate 2.0
Financials 0.6

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Energy 19.0
Food, Beverage & Tobacco 9.2
Capital Goods 8.6
Software & Services 8.3
Consumer Durables & Apparel 8.2
Technology Hardware & Equipment 7.1
Consumer Services 6.0
Health Care Equipment & Services 5.9
Materials 5.7
Media & Entertainment 4.5
Semiconductors & Semiconductor Equipment 4.4
Other 13.1

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 11/27/24

Return on Equity 12.20%
Weighted Avg. Market Cap 39,422 M
2023 2024
Price-to-earnings 12.69 17.06
Price-to-book value 2.17 2.01

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 10/31/24

Versus Beta
S&P 500 0.79
NASDAQ-100 0.51
MSCI EAFE 0.77
MSCI Emg. Mkts 0.63
Standard Deviation 14.20%

Source: new windowAltaVista Research, LLC

ETF Research

Introducing the U.S. Cash Flow Kings 100 ETF (FLOW)

Read the Full ArticleRead More

ETF Documents

Investing involves risk, including possible loss of principal. There is no assurance that companies with current high free cash flow yields will continue to maintain high free cash flow yields in the future. FLOW 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.

Since the Fund’s shares did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.

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 Global X U.S. Cash Flows Kings 100 Index is owned and was developed by Global X Management Company LLC for use by 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.