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AUSF

Adaptive U.S. Factor ETF

Morningstar Rating™ - Overall rating out of 376 Mid-Cap Value funds, based on risk-adjusted returns as of 05/31/2024

 

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 06/28/24

Inception Date 08/24/18
Total Expense Ratio 0.27%
Net Assets $269.91 million
NAV $39.69
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 06/27/24

Ticker AUSF
Bloomberg Index Ticker AWSUSF
CUSIP 37954Y574
ISIN US37954Y5740
Primary Exchange NYSE Arca
Shares Outstanding 6,800,002
Number of Holdings 191
30-Day Median Bid-Ask Spread 0.25%

Distributions As of 06/28/24

30-Day SEC Yield 2.68%
Distribution Frequency Quarterly

ETF Prices As of 06/28/24

NAV $39.69 Daily Change $0.21 0.53%
Market Price $39.68 Daily Change $0.22 0.56%

Performance History

As of recent
(03/31/24)
As of recent
(03/31/24)
Fund NAV Market Price Index
1 Year 37.68% 37.74% 38.28%
3 Years 15.43% 15.28% 15.80%
5 Years 14.31% 14.27% 14.68%
Since Inception 12.45% 12.42% 12.82%
1 Year 38.34% 38.23% 38.91%
3 Years 12.33% 12.27% 12.69%
5 Years 14.38% 14.35% 14.75%
Since Inception 11.72% 11.71% 12.09%
Year-to-Date 10.58% 10.44% 10.71%
1 Month 4.68% 4.47% 4.72%
3 Months 10.58% 10.44% 10.71%
Since Inception 93.02% 92.79% 96.63%
Year-to-Date 8.64% 8.56% 8.81%
1 Month 3.03% 3.06% 3.07%
3 Months 2.85% 2.69% 2.92%
Since Inception 89.64% 89.49% 93.26%

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 06/28/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
1.98 VZ VERIZON COMMUNIC 2090571 41.24 129,274 5,331,259.76
1.92 T AT&T INC 2831811 19.11 271,283 5,184,218.13
1.83 IBM IBM 2005973 172.95 28,602 4,946,715.90
1.66 WMT WALMART INC 2936921 67.71 66,242 4,485,245.82
1.60 TMUS T-MOBILE US INC B94Q9V0 176.18 24,534 4,322,400.12
1.54 MMC MARSH & MCLENNAN COS 2567741 210.72 19,726 4,156,662.72
1.54 AJG ARTHUR J GALLAGHER & CO 2359506 259.31 15,978 4,143,255.18
1.51 ROP ROPER TECHNOLOGIES INC 2749602 563.66 7,236 4,078,643.76
1.50 WM WASTE MANAGEMENT INC 2937667 213.34 18,975 4,048,126.50
1.50 GD GENERAL DYNAMICS CORP 2365161 290.14 13,918 4,038,168.52
1.49 LMT LOCKHEED MARTIN CORP 2522096 467.10 8,629 4,030,605.90
1.49 BRK/B BERKSHIRE HATH-B 2073390 406.80 9,894 4,024,879.20
1.49 RSG REPUBLIC SERVICES INC 2262530 194.34 20,680 4,018,951.20
1.47 JNJ JOHNSON & JOHNSON 2475833 146.16 27,089 3,959,328.24
1.45 MRK MERCK & CO. INC. 2778844 123.80 31,500 3,899,700.00
1.42 LIN LINDE PLC BNZHB81 438.81 8,743 3,836,515.83
1.41 ACI ALBERTSONS COS-A BYNQ369 19.75 192,934 3,810,446.50
1.41 V VISA INC-CLASS A SHARES B2PZN04 262.47 14,461 3,795,578.67
1.38 COR CENCORA INC 2795393 225.30 16,571 3,733,446.30
1.31 CME CME GROUP INC 2965839 196.60 17,956 3,530,149.60
1.29 EA ELECTRONIC ARTS INC 2310194 139.33 25,068 3,492,724.44
1.27 CSCO CISCO SYSTEMS INC 2198163 47.51 72,134 3,427,086.34
1.25 DOX AMDOCS LTD 2256908 78.92 42,734 3,372,567.28
1.24 MCD MCDONALD'S CORP 2550707 254.84 13,111 3,341,207.24
1.18 VRSN VERISIGN INC 2142922 177.80 17,900 3,182,620.00
1.12 KO COCA-COLA CO/THE 2206657 63.65 47,420 3,018,283.00
1.11 NSIT INSIGHT ENTERPRISES INC 2475060 198.36 15,127 3,000,591.72
0.95 PEP PEPSICO INC 2681511 164.93 15,595 2,572,083.35
0.90 PG PROCTER & GAMBLE CO/THE 2704407 164.92 14,683 2,421,520.36
0.84 CBOE CBOE GLOBAL MARKETS INC B5834C5 170.06 13,304 2,262,478.24
0.79 BR BROADRIDGE FINL B1VP7R6 197.00 10,758 2,119,326.00
0.63 DTM DT MIDSTREAM INC BN7L880 71.03 24,106 1,712,249.18
0.63 GILD GILEAD SCIENCES INC 2369174 68.61 24,813 1,702,419.93
0.63 WMB WILLIAMS COS INC 2967181 42.50 39,972 1,698,810.00
0.62 KMI KINDER MORGAN INC B3NQ4P8 19.87 84,782 1,684,618.34
0.62 MO ALTRIA GROUP INC 2692632 45.55 36,948 1,682,981.40
0.61 HPQ HP INC BYX4D52 35.02 46,989 1,645,554.78
0.61 HPE HEWLETT PACKA BYVYWS0 21.17 77,597 1,642,728.49
0.61 GLW CORNING INC 2224701 38.85 42,253 1,641,529.05
0.60 GEN GEN DIGITAL INC BJN4XN5 24.98 64,670 1,615,456.60
0.60 IP INTERNATIONAL PAPER CO 2465254 43.15 37,347 1,611,523.05
0.58 SYF SYNCHRONY FINANCIAL BP96PS6 47.19 32,973 1,555,995.87
0.57 TXN TEXAS INSTRUMENTS INC 2885409 194.53 7,877 1,532,312.81
0.56 OGN ORGANON & CO BLDC8J4 20.70 73,460 1,520,622.00
0.56 JXN JACKSON FINANCIAL INC-A BMFX6P4 74.26 20,476 1,520,547.76
0.56 KBH KB HOME 2485070 70.18 21,395 1,501,501.10
0.55 COLB COLUMBIA BANKING 2176608 19.89 74,817 1,488,110.13
0.55 LBRDK LIBERTY BROADBAND-C BRTLC06 54.82 27,012 1,480,797.84
0.55 WAL WESTERN ALLIANCE BANCORP B0CCGJ4 62.82 23,479 1,474,950.78
0.55 AME AMETEK INC 2089212 166.71 8,819 1,470,215.49
0.54 GPS GAP INC/THE 2360326 23.89 61,389 1,466,583.21
0.54 FHN FIRST HORIZON CORP 2341484 15.77 92,401 1,457,163.77
0.54 AVT AVNET INC 2066505 51.49 28,286 1,456,446.14
0.54 MTG MGIC INVESTMENT CORP 2548616 21.55 67,543 1,455,551.65
0.54 ONB OLD NATIONAL BANCORP 2658441 17.19 84,305 1,449,202.95
0.54 CHE CHEMED CORP 2190084 542.58 2,667 1,447,060.86
0.54 BBY BEST BUY CO INC 2094670 84.29 17,162 1,446,584.98
0.53 CRBG COREBRIDGE FINANCIAL INC BMTX0G9 29.12 49,368 1,437,596.16
0.53 ZION ZIONS BANCORP NA 2989828 43.37 33,086 1,434,939.82
0.53 PFE PFIZER INC 2684703 27.98 51,234 1,433,527.32
0.53 ALLY ALLY FINANCIAL INC B72XK05 39.67 36,093 1,431,809.31
0.53 GM GENERAL MOTORS CO B665KZ5 46.46 30,818 1,431,804.28
0.53 BKR BAKER HUGHES CO BDHLTQ5 35.17 40,648 1,429,590.16
0.53 C CITIGROUP INC 2297907 63.46 22,502 1,427,976.92
0.53 MTB M & T BANK CORP 2340168 151.36 9,424 1,426,416.64
0.53 CFG CITIZENS FINANCIAL GROUP BQRX1X3 36.03 39,419 1,420,266.57
0.52 AM ANTERO MIDSTREAM CORP BJBT0Q4 14.74 95,912 1,413,742.88
0.52 ABG ASBURY AUTOMOTIVE GROUP 2855855 227.87 6,175 1,407,097.25
0.52 FITB FIFTH THIRD BANCORP 2336747 36.49 38,375 1,400,303.75
0.52 FNB FNB CORP 2041308 13.68 102,267 1,399,012.56
0.52 RF REGIONS FINANCIAL CORP B01R311 20.04 69,414 1,391,056.56
0.51 RDN RADIAN GROUP INC 2173911 31.10 44,640 1,388,304.00
0.51 CADE CADENCE BANK BMCS168 28.28 48,904 1,383,005.12
0.51 AGNC AGNC INVESTMENT CORP BYYHJL8 9.54 144,817 1,381,554.18
0.51 ETRN EQUITRANS MIDSTREAM CORP BFMWBV6 12.98 106,131 1,377,580.38
0.51 OKE ONEOK INC 2130109 81.55 16,865 1,375,340.75
0.51 PNC PNC FINANCIAL SE 2692665 155.48 8,839 1,374,287.72
0.51 F FORD MOTOR CO 2615468 12.54 108,745 1,363,662.30
0.50 WFC WELLS FARGO & CO 2649100 59.39 22,787 1,353,319.93
0.50 PB PROSPERITY BANCSHARES INC 2310257 61.14 22,028 1,346,791.92
0.50 OMF ONEMAIN HOLDINGS INC BYSZB89 48.49 27,726 1,344,433.74
0.50 CMA COMERICA INC 2212870 51.04 26,297 1,342,198.88
0.50 NOV NOV INC BN2RYW9 19.01 70,468 1,339,596.68
0.50 EMN EASTMAN CHEMICAL CO 2298386 97.97 13,639 1,336,212.83
0.50 FMC FMC CORP 2328603 57.55 23,208 1,335,620.40
0.49 UNM UNUM GROUP 2433842 51.11 26,082 1,333,051.02
0.49 RITM RITHM CAPITAL CORP BRJ9GW0 10.66 124,455 1,326,690.30
0.49 BG BUNGE GLOBAL SA BQ6BPG9 106.77 12,421 1,326,190.17
0.49 COF CAPITAL ONE FINA 2654461 138.45 9,516 1,317,490.20
0.49 SNX TD SYNNEX CORP 2002554 115.40 11,403 1,315,906.20
0.49 M MACY'S INC 2345022 19.20 68,451 1,314,259.20
0.49 HBAN HUNTINGTON BANCSHARES INC 2445966 13.18 99,545 1,312,003.10
0.49 ADM ARCHER-DANIELS-MIDLAND CO 2047317 60.45 21,675 1,310,253.75
0.49 CMCSA COMCAST CORP-CLASS A 2044545 39.16 33,451 1,309,941.16
0.49 USB US BANCORP 2736035 39.70 32,959 1,308,472.30
0.48 UAL UNITED AIRLINES B4QG225 48.66 26,841 1,306,083.06
0.48 STWD STARWOOD PROPERT B3PQ520 18.94 68,861 1,304,227.34
0.48 UBSI UNITED BANKSHARES INC 2905794 32.44 40,172 1,303,179.68
0.48 BMY BRISTOL-MYERS SQUIBB CO 2126335 41.53 31,305 1,300,096.65
0.48 ARW ARROW ELECTRONICS INC 2051404 120.76 10,745 1,297,566.20
0.48 MAN MANPOWERGROUP INC 2562490 69.80 18,566 1,295,906.80
0.48 MDT MEDTRONIC PLC BTN1Y11 78.71 16,446 1,294,464.66
0.48 KEY KEYCORP 2490911 14.21 90,713 1,289,031.73
0.48 CMC COMMERCIAL METALS CO 2213260 54.81 23,415 1,283,376.15
0.48 AL AIR LEASE CORP B3XS562 47.53 26,968 1,281,789.04
0.47 OZK BANK OZK BZ56Q65 41.00 31,140 1,276,740.00
0.47 LAD LITHIA MOTORS INC 2515030 252.45 5,010 1,264,774.50
0.47 X UNITED STATES STEEL CORP 2824770 37.80 33,436 1,263,880.80
0.47 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 95.66 13,116 1,254,676.56
0.46 VTRS VIATRIS INC BMWS3X9 10.63 117,931 1,253,606.53
0.46 KRC KILROY REALTY CORP 2495529 31.17 40,168 1,252,036.56
0.46 WBS WEBSTER FINANCIAL CORP 2945143 43.59 28,653 1,248,984.27
0.46 RPRX ROYALTY PHARMA PLC- CL A BMVP7Y0 26.37 47,165 1,243,741.05
0.46 MOS MOSAIC CO/THE B3NPHP6 28.90 42,951 1,241,283.90
0.46 CIVI CIVITAS RESOURCES INC BMG9GG2 69.00 17,937 1,237,653.00
0.46 CAG CONAGRA BRANDS INC 2215460 28.42 43,441 1,234,593.22
0.46 CHK CHESAPEAKE ENERGY CORP BMZ5LZ5 82.19 15,018 1,234,329.42
0.45 MCK MCKESSON CORP 2378534 584.04 2,094 1,222,979.76
0.45 CHRD CHORD ENERGY CORP BLDDYB1 167.68 7,266 1,218,362.88
0.45 SIG SIGNET JEWELERS LTD B3CTNK6 89.58 13,495 1,208,882.10
0.45 PTEN PATTERSON-UTI ENERGY INC 2672537 10.36 115,954 1,201,283.44
0.43 HP HELMERICH & PAYNE 2420101 36.14 32,025 1,157,383.50
0.42 KHC KRAFT HEINZ CO/THE BYRY499 32.22 35,472 1,142,907.84
0.42 CE CELANESE CORP B05MZT4 134.89 8,403 1,133,480.67
0.42 INTC INTEL CORP 2463247 30.97 36,447 1,128,763.59
0.42 BCC BOISE CASCADE CO B9BP4R1 119.22 9,445 1,126,032.90
0.42 PRGO PERRIGO CO PLC BGH1M56 25.68 43,578 1,119,083.04
0.42 CVS CVS HEALTH CORP 2577609 59.06 18,947 1,119,009.82
0.41 AGCO AGCO CORP 2010278 97.88 11,218 1,098,017.84
0.41 ALB ALBEMARLE CORP 2046853 95.52 11,454 1,094,086.08
0.39 TAP MOLSON COORS-B B067BM3 50.83 20,459 1,039,930.97
0.32 AMGN AMGEN INC 2023607 312.45 2,784 869,860.80
0.29 YUM YUM! BRANDS INC 2098876 132.46 5,900 781,514.00
0.25 PSX PHILLIPS 66 B78C4Y8 141.17 4,701 663,640.17
0.24 DGX QUEST DIAGNOSTICS INC 2702791 136.88 4,708 644,431.04
0.21 LLY ELI LILLY & CO 2516152 905.38 618 559,524.84
0.18 CACI CACI INTL-A 2159267 430.13 1,140 490,348.20
0.17 PGR PROGRESSIVE CORP 2705024 207.71 2,181 453,015.51
0.16 EME EMCOR GROUP INC 2474164 365.08 1,205 439,921.40
0.16 OTHER PAYABLE & RECEIVABLES 1.00 419,995 419,995.37
0.15 ABBV ABBVIE INC B92SR70 171.52 2,377 407,703.04
0.13 CHD CHURCH & DWIGHT CO INC 2195841 103.68 3,348 347,120.64
0.12 COST COSTCO WHOLESALE CORP 2701271 849.99 395 335,746.05
0.12 TW TRADEWEB MARKE-A BJXMVK2 106.00 3,153 334,218.00
0.12 SNA SNAP-ON INC 2818740 261.39 1,248 326,214.72
0.12 CASY CASEY'S GENERAL 2179414 381.56 834 318,221.04
0.11 KR KROGER CO 2497406 49.93 6,150 307,069.50
0.11 SO SOUTHERN CO/THE 2829601 77.57 3,802 294,921.14
0.10 DUK DUKE ENERGY CORP B7VD3F2 100.23 2,758 276,434.34
0.10 TRV TRAVELERS COS INC/THE 2769503 203.34 1,327 269,832.18
0.10 SAIC SCIENCE APPLICATIONS INTE BDTZZG7 117.55 2,292 269,424.60
0.10 LDOS LEIDOS HOLDINGS INC BDV82B8 145.88 1,812 264,334.56
0.10 AFL AFLAC INC 2026361 89.31 2,922 260,963.82
0.10 WRB WR BERKLEY CORP 2093644 78.58 3,314 260,414.12
0.10 ED CONSOLIDATED EDISON INC 2216850 89.42 2,881 257,619.02
0.10 AAPL APPLE INC 2046251 210.62 1,212 255,271.44
0.09 RTX RTX CORPORATION BM5M5Y3 100.39 2,539 254,890.21
0.09 GRMN GARMIN LTD B3Z5T14 162.92 1,519 247,475.48
0.09 ORI OLD REPUBLIC INTL CORP 2659109 30.90 7,754 239,598.60
0.09 CAH CARDINAL HEALTH INC 2175672 97.81 2,439 238,569.32
0.09 VRTX VERTEX PHARM 2931034 468.72 504 236,234.88
0.09 HON HONEYWELL INTL 2020459 213.54 1,105 235,961.70
0.09 TJX TJX COMPANIES INC 2989301 110.10 2,105 231,760.50
0.09 XOM EXXON MOBIL CORP 2326618 115.12 2,000 230,240.00
0.09 VRSK VERISK ANALYTICS INC B4P9W92 269.55 853 229,926.15
0.09 KMB KIMBERLY-CLARK CORP 2491839 138.20 1,654 228,582.80
0.08 REGN REGENERON PHARMACEUTICALS 2730190 1,051.03 216 227,022.48
0.08 HII HUNTINGTON INGAL B40SSC9 246.33 915 225,391.95
0.08 PNW PINNACLE WEST CAPITAL 2048804 76.38 2,938 224,404.44
0.08 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 386.05 578 223,136.90
0.08 ICE INTERCONTINENTAL BFSSDS9 136.89 1,584 216,833.76
0.08 BDX BECTON DICKINSON AND CO 2087807 233.71 926 216,415.46
0.08 NOC NORTHROP GRUMMAN CORP 2648806 435.95 490 213,615.50
0.08 BSX BOSTON SCIENTIFIC CORP 2113434 77.01 2,772 213,471.72
0.08 CVX CHEVRON CORP 2838555 156.42 1,361 212,887.62
0.08 ATR APTARGROUP INC 2045247 140.81 1,503 211,637.43
0.08 UNH UNITEDHEALTH GROUP INC 2917766 509.26 415 211,342.90
0.08 DRI DARDEN RESTAURANTS INC 2289874 151.32 1,387 209,880.84
0.08 MDLZ MONDELEZ INTER-A B8CKK03 65.44 3,147 205,939.68
0.07 L LOEWS CORP 2523022 74.74 2,673 199,780.02
0.07 AKAM AKAMAI TECHNOLOGIES INC 2507457 90.08 2,208 198,896.64
0.07 QGEN QIAGEN N.V. BMGBZP0 41.09 4,827 198,341.43
0.07 HIG HARTFORD FINL SV 2476193 100.54 1,972 198,264.88
0.07 FDS FACTSET RESEARCH 2329770 408.27 485 198,010.95
0.07 MA MASTERCARD INC - A B121557 441.16 445 196,316.20
0.07 PKG PACKAGING CORP OF AMERICA 2504566 182.56 1,075 196,252.00
0.07 ADP AUTOMATIC DATA PROCESSING 2065308 238.69 821 195,964.49
0.07 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,056.06 184 194,315.04
0.07 DLB DOLBY LABORATO-A B04NJM9 79.23 2,441 193,400.43
0.07 SON SONOCO PRODUCTS CO 2821395 50.72 3,772 191,315.84
0.06 NEU NEWMARKET CORP B01CGF1 515.57 326 168,075.82
0.06 PCAR PACCAR INC 2665861 102.94 1,598 164,498.12
0.04 CASH 1.00 105,141 105,140.79
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 05/31/24

Sector Weight (%)
Financials 26.6
Information Technology 14.0
Health Care 11.2
Industrials 10.1
Consumer Staples 9.6
Communication Services 7.6
Energy 7.2
Consumer Discretionary 6.7
Materials 6.3
Real Estate 0.5
Utilities 0.4

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Pharmaceuticals: Major 6.0
Regional Banks 5.3
Information Technology Services 5.0
Major Telecommunications 4.4
Major Banks 4.0
Oil & Gas Pipelines 3.9
Aerospace & Defense 3.9
Food Retail 3.7
Insurance Brokers/Services 3.5
Environmental Services 3.3
Finance/Rental/Leasing 2.9
Other 54.1

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 06/27/24

Return on Equity 14.90%
Weighted Avg. Market Cap 109,500 M
2023 2024
Price-to-earnings 12.31 12.47
Price-to-book value 1.95 1.77

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 05/31/24

Versus Beta
S&P 500 0.76
NASDAQ-100 0.47
MSCI EAFE 0.73
MSCI Emg. Mkts 0.43
Standard Deviation 15.70%

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 05/31, AUSF was rated against the following numbers of Mid-Cap Value funds over the following time periods: 376 during the last 3 years, 363 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.

© 2023 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.