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AUSF

Adaptive U.S. Factor ETF

Morningstar Rating™ - Overall rating out of 384 Mid-Cap Value funds, based on risk-adjusted returns as of 02/28/2025

 

Reasons to Consider AUSF

Outperformance Potential

AUSF seeks to outperform traditional market capitalization weighted indexes by allocating across three factors – minimum volatility, value, and momentum – that have historically demonstrated advantages compared to broad benchmark indexes.

Dynamic Factor Allocation

AUSF either allocates to two factors with a 50% / 50% weighting, or all three factors with a weighting of 40% / 40% / 20% depending on the trailing returns of each factor.

Tax Efficient

Dynamically allocating across multiple factors within one ETF can result in tax efficiencies compared to buying and selling individual factor ETFs.

Key Information As of 04/02/25

Inception Date 08/24/18
Total Expense Ratio 0.27%
Net Assets $473.12 million
NAV $43.81
Fact Sheet View the document

ETF Summary

The Global X Adaptive U.S. Factor ETF (AUSF) seeks to outperform traditional cap-weighted indexes by employing a dynamic multi-factor investment strategy that allocates across three factors: minimum volatility, value, and momentum.

ETF Objective

The Global X Adaptive U.S. Factor ETF (AUSF) 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. Factor Index.

Trading Details As of 04/02/25

Ticker AUSF
Bloomberg Index Ticker AWSUSF
CUSIP 37954Y574
ISIN US37954Y5740
Primary Exchange NYSE Arca
Shares Outstanding 10,800,002
Number of Holdings 192
30-Day Median Bid-Ask Spread 0.26%

Distributions As of 04/02/25

30-Day SEC Yield 2.66%
Distribution Frequency Quarterly

ETF Prices As of 04/02/25

NAV $43.81 Daily Change $0.21 0.48%
Market Price $43.92 Daily Change $0.25 0.57%

Performance History

As of recent month & quarter-end (03/31/25)
As of recent month & quarter-end (03/31/25)
Fund NAV Market Price Index
1 Year 9.71% 9.94% 10.04%
3 Years 14.21% 14.18% 14.58%
5 Years 22.75% 22.76% 23.17%
Since Inception 12.03% 12.04% 12.40%
1 Year 9.71% 9.94% 10.04%
3 Years 14.21% 14.18% 14.58%
5 Years 22.75% 22.76% 23.17%
Since Inception 12.03% 12.04% 12.40%
Year-to-Date 4.45% 4.61% 4.54%
1 Month -0.59% -0.34% -0.57%
3 Months 4.45% 4.61% 4.54%
Since Inception 111.76% 111.94% 116.38%
Year-to-Date 4.45% 4.61% 4.54%
1 Month -0.59% -0.34% -0.57%
3 Months 4.45% 4.61% 4.54%
Since Inception 111.76% 111.94% 116.38%

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 04/02/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.43 T AT&T INC 2831811 28.14 409,207 11,515,084.98
2.07 VZ VERIZON COMMUNIC 2090571 44.74 218,351 9,769,023.74
1.86 TMUS T-MOBILE US INC B94Q9V0 264.56 33,180 8,778,100.80
1.77 BRK/B BERKSHIRE HATH-B 2073390 537.72 15,592 8,384,130.24
1.76 RSG REPUBLIC SERVICES INC 2262530 244.82 34,075 8,342,241.50
1.73 COR CENCORA INC 2795393 279.51 29,271 8,181,537.21
1.72 CME CME GROUP INC 2965839 262.54 31,010 8,141,365.40
1.64 V VISA INC-CLASS A SHARES B2PZN04 346.33 22,376 7,749,480.08
1.64 RTX RTX CORPORATION BM5M5Y3 133.15 58,192 7,748,264.80
1.60 MMC MARSH & MCLENNAN COS 2567741 242.83 31,188 7,573,226.10
1.60 ICE ITC EXCHANGE BFSSDS9 170.44 44,273 7,545,890.12
1.57 ACI ALBERTSONS COS-A BYNQ369 22.43 330,455 7,412,105.65
1.55 K KELLANOVA 2486813 82.45 88,650 7,309,192.50
1.54 WM WASTE MANAGEMENT INC 2937667 234.56 30,996 7,270,421.76
1.53 ADP AUTOMATIC DATA PROCESSING 2065308 307.23 23,581 7,244,790.63
1.53 BSX BOSTON SCIENTIFIC CORP 2113434 100.05 72,157 7,219,307.85
1.52 CSCO CISCO SYSTEMS INC 2198163 61.41 117,443 7,212,174.63
1.47 WMT WALMART INC 2936921 89.76 77,550 6,960,888.00
1.46 LIN LINDE PLC BNZHB81 469.74 14,705 6,907,526.70
1.42 JNPR JUNIPER NETWORKS INC 2431846 36.07 186,591 6,730,337.37
1.42 DOX AMDOCS LTD 2256908 91.12 73,511 6,698,322.32
1.41 JNJ JOHNSON & JOHNSON 2475833 155.36 42,929 6,669,449.44
1.39 LMT LOCKHEED MARTIN CORP 2522096 452.87 14,483 6,558,916.21
1.37 GD GENERAL DYNAMICS CORP 2365161 276.04 23,392 6,457,127.68
1.29 EA ELECTRONIC ARTS INC 2310194 144.87 42,121 6,102,069.27
1.22 KO COCA-COLA CO/THE 2206657 71.33 80,638 5,751,908.54
1.05 CBOE CBOE GLOBAL MARKETS INC B5834C5 224.48 22,109 4,963,028.32
1.01 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 436.99 10,910 4,767,560.90
0.93 MRK MERCK & CO. INC. 2778844 86.60 50,773 4,396,941.80
0.78 MCD MCDONALD'S CORP 2550707 311.58 11,908 3,710,294.64
0.67 UNM UNUM GROUP 2433842 82.91 38,105 3,159,285.55
0.66 MO ALTRIA GROUP INC 2692632 57.12 54,640 3,121,036.80
0.66 CVS CVS HEALTH CORP 2577609 68.07 45,531 3,099,295.17
0.60 FOXA FOX CORP - CLASS A BJJMGL2 57.04 50,114 2,858,502.56
0.60 NXST Nexstar Media Group Inc 2949758 181.86 15,586 2,834,469.96
0.59 KMI KINDER MORGAN INC B3NQ4P8 28.92 97,249 2,812,441.08
0.59 X UNITED STATES STEEL CORP 2824770 42.40 66,157 2,805,056.80
0.58 WPC WP CAREY INC B826YT8 62.68 43,820 2,746,637.60
0.58 LBRDK LIBERTY BROADBAND-C BRTLC06 87.57 31,208 2,732,884.56
0.58 TAP MOLSON COORS-B B067BM3 61.95 43,978 2,724,437.10
0.58 TSN TYSON FOODS INC-CL A 2909730 62.75 43,395 2,723,036.25
0.58 LNC LINCOLN NATIONAL CORP 2516378 37.27 73,001 2,720,747.27
0.57 DTM DT MIDSTREAM INC BN7L880 99.50 27,217 2,708,091.50
0.57 AM ANTERO MIDSTREAM CORP BJBT0Q4 18.46 146,521 2,704,777.66
0.57 UGI UGI CORP 2910118 33.71 79,825 2,690,900.75
0.56 VICI VICI PROPERTIES INC BYWH073 32.19 81,941 2,637,680.79
0.55 CTRE CARETRUST REIT INC BMP8TL6 28.55 91,150 2,602,332.50
0.54 AL AIR LEASE CORP B3XS562 49.96 51,274 2,561,649.04
0.53 STWD STARWOOD PROPERT B3PQ520 19.83 126,921 2,516,843.43
0.53 CAG CONAGRA BRANDS INC 2215460 26.38 95,333 2,514,884.54
0.53 RPRX ROYALTY PHARMA PLC- CL A BMVP7Y0 31.28 80,213 2,509,062.64
0.53 WU WESTERN UNION CO B1F76F9 10.63 235,989 2,508,563.07
0.53 MTG MGIC INVESTMENT CORP 2548616 25.55 98,099 2,506,429.45
0.53 KHC KRAFT HEINZ CO/THE BYRY499 30.13 83,013 2,501,181.69
0.53 RDN RADIAN GROUP INC 2173911 34.18 72,634 2,482,630.12
0.52 BR BROADRIDGE FINL B1VP7R6 246.25 10,077 2,481,461.25
0.52 NOV NOV INC BN2RYW9 15.30 161,637 2,473,046.10
0.52 RITM RITHM CAPITAL CORP BRJ9GW0 11.54 214,292 2,472,929.68
0.52 THC TENET HEALTHCARE CORP B8DMK08 137.18 17,963 2,464,164.34
0.52 ESNT ESSENT GROUP LTD BFWGXR8 58.70 41,950 2,462,465.00
0.52 SIG SIGNET JEWELERS LTD B3CTNK6 60.53 40,656 2,460,907.68
0.52 F FORD MOTOR CO 2615468 10.15 240,595 2,442,039.25
0.52 MDT MEDTRONIC PLC BTN1Y11 88.86 27,459 2,440,006.74
0.51 HII HUNTINGTON INGAL B40SSC9 204.93 11,825 2,423,297.25
0.51 EG EVEREST GROUP LTD 2556868 365.34 6,631 2,422,569.54
0.51 BG BUNGE GLOBAL SA BQ6BPG9 78.01 30,982 2,416,905.82
0.50 SON SONOCO PRODUCTS CO 2821395 47.88 49,783 2,383,610.04
0.50 CMCSA COMCAST CORP-CLASS A 2044545 36.61 65,020 2,380,382.20
0.50 AFG AMER FINL GROUP 2134532 132.12 17,992 2,377,103.04
0.50 BKR BAKER HUGHES CO BDHLTQ5 44.92 52,683 2,366,520.36
0.50 BEN FRANKLIN RESOURCES INC 2350684 19.43 121,432 2,359,423.76
0.50 AGNC AGNC INVESTMENT CORP BYYHJL8 9.48 248,510 2,355,874.80
0.50 RNR RENAISSANCERE 2728429 249.15 9,428 2,348,986.20
0.49 PRU PRUDENTIAL FINANCIAL INC 2819118 112.71 20,563 2,317,655.73
0.49 EMN EASTMAN CHEMICAL CO 2298386 88.29 26,172 2,310,725.88
0.49 CNC CENTENE CORP 2807061 60.73 37,980 2,306,525.40
0.49 MOS MOSAIC CO/THE B3NPHP6 26.47 86,791 2,297,357.77
0.48 ADM ARCHER-DANIELS-MIDLAND CO 2047317 47.97 47,760 2,291,047.20
0.48 CMA COMERICA INC 2212870 59.24 38,503 2,280,917.72
0.48 LEA LEAR CORP B570P91 88.76 25,574 2,269,948.24
0.47 CHRD CHORD ENERGY CORP BLDDYB1 113.54 19,754 2,242,869.16
0.47 OGN ORGANON & CO BLDC8J4 14.72 152,061 2,238,337.92
0.47 VNOM VIPER ENERGY INC BR1YSF0 45.94 48,556 2,230,662.64
0.47 IPG INTERPUBLIC GRP 2466321 26.04 85,537 2,227,383.48
0.47 BIIB BIOGEN INC 2455965 131.32 16,914 2,221,146.48
0.47 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 70.65 31,307 2,211,839.55
0.47 BWA BORGWARNER INC 2111955 29.12 75,902 2,210,266.24
0.46 FANG DIAMONDBACK ENERGY INC B7Y8YR3 161.49 13,600 2,196,264.00
0.46 GAP GAP INC/THE 2360326 22.38 98,086 2,195,164.68
0.46 GM GENERAL MOTORS CO B665KZ5 47.98 45,728 2,194,029.44
0.46 PB PROSPERITY BANCSHARES INC 2310257 71.53 30,618 2,190,105.54
0.46 UBSI UNITED BANKSHARES INC 2905794 34.71 62,982 2,186,105.22
0.46 RF REGIONS FINANCIAL CORP B01R311 22.02 99,230 2,185,044.60
0.46 HOG HARLEY-DAVIDSON INC 2411053 25.58 85,390 2,184,276.20
0.46 M MACY'S INC 2345022 13.19 165,284 2,180,095.96
0.46 BBY BEST BUY CO INC 2094670 75.73 28,767 2,178,524.91
0.46 HBAN HUNTINGTON BANCSHARES INC 2445966 15.21 143,116 2,176,794.36
0.45 ELAN ELANCO ANIMAL HEALTH INC BF5L3T2 10.77 199,448 2,148,054.96
0.45 AVT AVNET INC 2066505 48.29 44,350 2,141,661.50
0.45 OMF ONEMAIN HOLDINGS INC BYSZB89 50.58 42,259 2,137,460.22
0.45 CFG CITIZENS FINANCIAL GROUP BQRX1X3 41.66 51,298 2,137,074.68
0.45 LAD LITHIA MOTORS INC 2515030 306.12 6,972 2,134,268.64
0.45 TFC TRUIST FINANCIAL CORP BKP7287 41.56 51,347 2,133,981.32
0.45 ARW ARROW ELECTRONICS INC 2051404 105.16 20,259 2,130,436.44
0.45 C CITIGROUP INC 2297907 71.76 29,531 2,119,144.56
0.45 FNB FNB CORP 2041308 13.65 155,199 2,118,466.35
0.45 COLB COLUMBIA BANKING 2176608 25.12 83,889 2,107,291.68
0.44 MTH MERITAGE HOMES CORP 2601326 71.44 29,401 2,100,407.44
0.44 KRC KILROY REALTY CORP 2495529 33.30 63,062 2,099,964.60
0.44 SLG SL GREEN REALTY CORP BPGKM57 58.48 35,909 2,099,958.32
0.44 KBH KB HOME 2485070 58.93 35,568 2,096,022.24
0.44 WBS WEBSTER FINANCIAL CORP 2945143 51.49 40,697 2,095,488.53
0.44 ZION ZIONS BANCORP NA 2989828 50.44 41,530 2,094,773.20
0.44 OZK BANK OZK BZ56Q65 43.75 47,350 2,071,562.50
0.44 DOW DOW INC BHXCF84 34.89 59,125 2,062,871.25
0.43 CADE CADENCE BANK BMCS168 30.46 67,196 2,046,790.16
0.43 UMBF UMB FINANCIAL CORP 2918510 101.98 20,031 2,042,761.38
0.43 HPQ HP INC BYX4D52 27.88 72,828 2,030,444.64
0.41 PVH PVH CORP B3V9F12 77.83 25,120 1,955,089.60
0.40 FMC FMC CORP 2328603 42.59 44,394 1,890,740.46
0.40 VTRS VIATRIS INC BMWS3X9 8.66 216,611 1,875,851.26
0.40 CE CELANESE CORP B05MZT4 56.58 33,086 1,872,005.88
0.39 SNX TD SYNNEX CORP 2002554 106.75 17,060 1,821,155.00
0.37 NE NOBLE CORP PLC BN2QTL0 24.17 72,882 1,761,557.94
0.36 SWKS SKYWORKS SOLUTIONS INC 2961053 64.80 26,268 1,702,166.40
0.35 WHR WHIRLPOOL CORP 2960384 90.78 18,301 1,661,364.78
0.34 CIVI CIVITAS RESOURCES INC BMG9GG2 35.09 46,333 1,625,824.97
0.34 HPE HEWLETT PACKA BYVYWS0 16.12 98,976 1,595,493.12
0.34 ACHC ACADIA HEALTHCARE CO INC B65VZ37 29.21 54,603 1,594,953.63
0.33 YUM YUM! BRANDS INC 2098876 158.23 9,757 1,543,850.11
0.20 PGR PROGRESSIVE CORP 2705024 281.13 3,439 966,806.07
0.19 PG PROCTER & GAMBLE CO/THE 2704407 169.50 5,298 898,011.00
0.18 ABBV ABBVIE INC B92SR70 205.19 4,155 852,564.45
0.16 TW TRADEWEB MARKE-A BJXMVK2 148.49 5,125 761,011.25
0.15 COST COSTCO WHOLESALE CORP 2701271 965.08 718 692,927.44
0.15 KR KROGER CO 2497406 67.27 10,276 691,266.52
0.14 SNA SNAP-ON INC 2818740 342.20 1,913 654,628.60
0.14 OTHER PAYABLE & RECEIVABLES 1.00 644,263 644,263.02
0.12 GRMN GARMIN LTD B3Z5T14 218.07 2,685 585,517.95
0.12 AFL AFLAC INC 2026361 112.27 4,848 544,284.96
0.11 MCK MCKESSON CORP 2378534 693.53 774 536,792.22
0.11 WMB WILLIAMS COS INC 2967181 61.60 8,665 533,764.00
0.11 WRB WR BERKLEY CORP 2093644 69.75 7,512 523,962.00
0.11 SO SOUTHERN CO/THE 2829601 91.30 5,604 511,645.20
0.11 VRSN VERISIGN INC 2142922 255.50 1,970 503,335.00
0.11 DUK DUKE ENERGY CORP B7VD3F2 120.39 4,123 496,367.97
0.10 ORI OLD REPUBLIC INTL CORP 2659109 39.79 12,337 490,889.23
0.10 MA MASTERCARD INC - A B121557 547.38 854 467,462.52
0.10 ED CONSOLIDATED EDISON INC 2216850 109.58 4,154 455,195.32
0.10 NOC NORTHROP GRUMMAN CORP 2648806 512.18 885 453,279.30
0.10 AAPL APPLE INC 2046251 223.89 2,018 451,810.02
0.10 CAH CARDINAL HEALTH INC 2175672 138.67 3,252 450,954.84
0.09 VRSK VERISK ANALYTICS INC B4P9W92 299.71 1,472 441,173.12
0.09 CHE CHEMED CORP 2190084 614.68 707 434,578.76
0.09 ROP ROPER TECHNOLOGIES INC 2749602 590.36 724 427,420.64
0.09 WELL WELLTOWER INC BYVYHH4 153.08 2,777 425,103.16
0.09 WTW WILLIS TOWERS WATSON PLC BDB6Q21 337.43 1,256 423,812.08
0.09 FI FISERV INC 2342034 226.15 1,856 419,734.40
0.09 ECL ECOLAB INC 2304227 253.66 1,652 419,046.32
0.09 GDDY GODADDY INC - CLASS A BWFRFC6 180.50 2,261 408,110.50
0.09 CMS CMS ENERGY CORP 2219224 74.66 5,462 407,792.92
0.09 CB CHUBB LTD B3BQMF6 301.54 1,351 407,380.54
0.09 PNW PINNACLE WEST CAPITAL 2048804 95.43 4,251 405,672.93
0.09 INGR INGREDION INC B7K24P7 135.32 2,979 403,118.28
0.09 PPL PPL CORP 2680905 36.13 11,135 402,307.55
0.09 AJG ARTHUR J GALLAGHER & CO 2359506 344.07 1,169 402,217.83
0.09 EVRG EVERGY INC BFMXGR0 69.43 5,782 401,444.26
0.09 XOM EXXON MOBIL CORP 2326618 118.67 3,375 400,511.25
0.08 CI THE CIGNA GROUP BHJ0775 331.92 1,204 399,631.68
0.08 IBM IBM 2005973 249.98 1,594 398,468.12
0.08 CVX CHEVRON CORP 2838555 166.47 2,390 397,863.30
0.08 HIG HARTFORD INSURANCE GROUP 2476193 124.86 3,155 393,933.30
0.08 WEC WEC ENERGY GROUP INC BYY8XK8 108.84 3,612 393,130.08
0.08 AMGN AMGEN INC 2023607 305.70 1,282 391,907.40
0.08 CL COLGATE-PALMOLIVE CO 2209106 93.55 4,167 389,822.85
0.08 AEP AMERICAN ELECTRIC POWER 2026242 107.75 3,616 389,624.00
0.08 TJX TJX COMPANIES INC 2989301 124.93 3,082 385,034.26
0.08 PKG PACKAGING CORP OF AMERICA 2504566 201.36 1,912 385,000.32
0.08 L LOEWS CORP 2523022 92.03 4,175 384,225.25
0.08 DGX QUEST DIAGNOSTICS INC 2702791 167.96 2,281 383,116.76
0.08 ETR ENTERGY CORP 2317087 86.61 4,405 381,517.05
0.08 TRV TRAVELERS COS INC/THE 2769503 264.49 1,418 375,046.82
0.08 AON AON PLC-CLASS A BLP1HW5 396.03 947 375,040.41
0.08 ATO ATMOS ENERGY CORP 2315359 155.21 2,408 373,745.68
0.08 CHD CHURCH & DWIGHT CO INC 2195841 108.32 3,412 369,587.84
0.08 NI NISOURCE INC 2645409 40.64 9,041 367,426.24
0.08 ATR APTARGROUP INC 2045247 150.53 2,429 365,637.37
0.08 AME AMETEK INC 2089212 172.72 2,051 354,248.72
0.07 FE FIRSTENERGY CORP 2100920 40.58 8,633 350,327.14
0.07 BDX BECTON DICKINSON AND CO 2087807 226.42 1,525 345,290.50
0.07 HON HONEYWELL INTL 2020459 215.99 1,544 333,488.56
0.06 LDOS LEIDOS HOLDINGS INC BDV82B8 142.94 2,087 298,315.78
0.06 HOLX HOLOGIC INC 2433530 60.56 4,736 286,812.16
0.02 CASH 1.00 103,045 103,045.23
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 03/31/25

Sector Weight (%)
Financials 24.9
Health Care 11.3
Industrials 11.2
Communication Services 10.5
Consumer Staples 10.5
Information Technology 8.9
Consumer Discretionary 7.6
Materials 5.5
Energy 5.2
Real Estate 2.7
Utilities 1.7

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Financial Services 12.2
Food, Beverage & Tobacco 6.8
Banks 6.7
Telecommunication Services 6.5
Technology Hardware & Equipment 6.1
Health Care Equipment & Services 6.1
Insurance 6.0
Capital Goods 5.8
Materials 5.5
Commercial & Professional Services 5.4
Energy 5.2
Other 27.7

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 04/02/25

Return on Equity 13.80%
Weighted Avg. Market Cap 120,499 M
2024 2025
Price-to-earnings 13.15 13.03
Price-to-book value 1.87 1.72

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 03/31/25

Versus Beta
S&P 500 0.76
NASDAQ-100 0.46
MSCI EAFE 0.69
MSCI Emg. Mkts 0.41
Standard Deviation 15.80%

Source: new windowAltaVista Research, LLC

ETF Documents

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales load. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three- year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

As of 2/28, AUSF was rated against the following numbers of Mid-Cap Value funds over the following time periods: 384 during the last 3 years, 365 during the last 5 years. With respect to these Mid-Cap Value funds, AUSF received a Morningstar Rating of 5 stars for both periods. Past performance is not indicative of future results.

© 2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index. Performance of companies in the financial sector may be adversely impacted by many factors, including, among others, government regulations, economic conditions, credit rating downgrades, changes in interest rates, and decreased liquidity in credit markets.  AUSF 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. Beginning October 15, 2020, 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. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times.

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 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.