AUSF


Adaptive U.S. Factor ETF

Morningstar Rating™ - Overall rating out of 389 Mid-Cap Value funds, based on risk-adjusted returns as of 03/31/2025

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 04/22/25

Inception Date 08/24/18
Total Expense Ratio 0.27%
Net Assets $467.43 million
NAV $41.44
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 04/22/25

Ticker AUSF
Bloomberg Index Ticker AWSUSF
CUSIP 37954Y574
ISIN US37954Y5740
Primary Exchange NYSE Arca
Shares Outstanding 11,280,002
Number of Holdings 192
30-Day Median Bid-Ask Spread 0.27%

Distributions As of 04/22/25

30-Day SEC Yield 2.66%
Distribution Frequency Quarterly

ETF Prices As of 04/22/25

NAV $41.44 Daily Change $0.83 2.04%
Market Price $41.55 Daily Change $0.84 2.06%

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 04/22/25

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.47 T AT&T INC 2831811 26.96 430,469 11,605,444.24
2.11 VZ VERIZON COMMUNIC 2090571 43.19 229,057 9,892,971.83
1.92 TMUS T-MOBILE US INC B94Q9V0 258.30 34,823 8,994,780.90
1.87 COR CENCORA INC 2795393 286.27 30,702 8,789,061.54
1.85 RSG REPUBLIC SERVICES INC 2262530 242.57 35,771 8,676,971.47
1.84 CME CME GROUP INC 2965839 265.56 32,547 8,643,181.32
1.82 BRK/B BERKSHIRE HATH-B 2073390 520.79 16,409 8,545,643.11
1.66 ACI ALBERTSONS COS-A BYNQ369 22.52 346,673 7,807,075.96
1.66 V VISA INC-CLASS A SHARES B2PZN04 331.40 23,489 7,784,254.60
1.64 WMT WALMART INC 2936921 94.85 81,366 7,717,565.10
1.64 K KELLANOVA 2486813 82.60 92,996 7,681,469.60
1.59 WM WASTE MANAGEMENT INC 2937667 229.96 32,533 7,481,288.68
1.59 ICE INTERCONT EXCH I BFSSDS9 160.68 46,446 7,462,943.28
1.54 ADP AUTOMATIC DATA PROCESSING 2065308 292.89 24,747 7,248,148.83
1.53 BSX BOSTON SCIENTIFIC CORP 2113434 95.05 75,708 7,196,045.40
1.53 MMC MARSH & MCLENNAN COS 2567741 219.55 32,725 7,184,773.75
1.51 JNJ JOHNSON & JOHNSON 2475833 157.75 45,049 7,106,479.75
1.50 LMT LOCKHEED MARTIN CORP 2522096 462.08 15,243 7,043,485.44
1.50 LIN LINDE PLC BNZHB81 454.61 15,447 7,022,360.67
1.48 RTX RTX CORPORATION BM5M5Y3 113.75 61,054 6,944,892.50
1.45 CSCO CISCO SYSTEMS INC 2198163 55.04 123,220 6,782,028.80
1.44 JNPR JUNIPER NETWORKS INC 2431846 34.63 195,760 6,779,168.80
1.44 GD GENERAL DYNAMICS CORP 2365161 274.80 24,558 6,748,538.40
1.38 DOX AMDOCS LTD 2256908 83.91 77,115 6,470,719.65
1.37 EA ELECTRONIC ARTS INC 2310194 145.87 44,188 6,445,703.56
1.33 KO COCA-COLA CO/THE 2206657 73.90 84,613 6,252,900.70
1.06 CBOE CBOE GLOBAL MARKETS INC B5834C5 214.07 23,169 4,959,787.83
1.02 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 419.79 11,440 4,802,397.60
0.90 MRK MERCK & CO. INC. 2778844 78.97 53,264 4,206,258.08
0.85 MCD MCDONALD'S CORP 2550707 319.08 12,491 3,985,628.28
0.72 MO ALTRIA GROUP INC 2692632 58.82 57,343 3,372,915.26
0.67 CVS CVS HEALTH CORP 2577609 65.45 47,957 3,138,785.65
0.66 UNM UNUM GROUP 2433842 77.31 40,143 3,103,455.33
0.61 WPC WP CAREY INC B826YT8 62.04 45,940 2,850,117.60
0.60 VICI VICI PROPERTIES INC BYWH073 32.97 85,969 2,834,397.93
0.60 X UNITED STATES STEEL CORP 2824770 40.58 69,390 2,815,846.20
0.60 TSN TYSON FOODS INC-CL A 2909730 61.39 45,515 2,794,165.85
0.59 UGI UGI CORP 2910118 32.83 83,747 2,749,414.01
0.58 DTM DT MIDSTREAM INC BN7L880 95.60 28,542 2,728,615.20
0.58 CTRE CARETRUST REIT INC BMP8TL6 28.53 95,602 2,727,525.06
0.58 TAP MOLSON COORS-B B067BM3 59.00 46,151 2,722,909.00
0.58 KMI KINDER MORGAN INC B3NQ4P8 26.60 102,019 2,713,705.40
0.58 RPRX ROYALTY PHARMA PLC- CL A BMVP7Y0 32.19 84,135 2,708,305.65
0.57 HII HUNTINGTON INGAL B40SSC9 217.22 12,408 2,695,265.76
0.56 KHC KRAFT HEINZ CO/THE BYRY499 30.20 87,094 2,630,238.80
0.56 BG BUNGE GLOBAL SA BQ6BPG9 80.09 32,519 2,604,446.71
0.55 CAG CONAGRA BRANDS INC 2215460 25.48 100,458 2,559,669.84
0.54 AM ANTERO MIDSTREAM CORP BJBT0Q4 16.51 154,409 2,548,520.55
0.54 MOS MOSAIC CO/THE B3NPHP6 27.86 91,031 2,536,123.66
0.54 FOXA FOX CORP - CLASS A BJJMGL2 48.20 52,552 2,533,006.40
0.54 LBRDK LIBERTY BROADBAND-C BRTLC06 76.77 32,745 2,513,833.65
0.53 STWD STARWOOD PROPERT B3PQ520 18.82 133,122 2,505,356.04
0.53 MTG MGIC INVESTMENT CORP 2548616 24.20 102,922 2,490,712.40
0.53 EG EVEREST GROUP LTD 2556868 357.20 6,949 2,482,182.80
0.53 BR BROADRIDGE FINL B1VP7R6 235.00 10,554 2,480,190.00
0.53 WU WESTERN UNION CO B1F76F9 10.00 247,543 2,475,430.00
0.52 NXST Nexstar Media Group Inc 2949758 150.44 16,328 2,456,384.32
0.52 AFG AMER FINL GROUP 2134532 129.55 18,958 2,456,008.90
0.52 ESNT ESSENT GROUP LTD BFWGXR8 55.38 44,017 2,437,661.46
0.52 F FORD MOTOR CO 2615468 9.65 252,414 2,435,795.10
0.52 ADM ARCHER-DANIELS-MIDLAND CO 2047317 48.54 50,092 2,431,465.68
0.51 RNR RENAISSANCERE 2728429 243.50 9,905 2,411,867.50
0.51 RDN RADIAN GROUP INC 2173911 31.63 76,185 2,409,731.55
0.51 SIG SIGNET JEWELERS LTD B3CTNK6 56.19 42,845 2,407,460.55
0.51 MDT MEDTRONIC PLC BTN1Y11 83.37 28,784 2,399,722.08
0.51 CNC CENTENE CORP 2807061 60.23 39,835 2,399,262.05
0.50 SON SONOCO PRODUCTS CO 2821395 45.01 52,221 2,350,467.21
0.50 CMCSA COMCAST CORP-CLASS A 2044545 34.20 68,200 2,332,440.00
0.50 LNC LINCOLN NATIONAL CORP 2516378 30.33 76,605 2,323,429.65
0.49 RITM RITHM CAPITAL CORP BRJ9GW0 10.31 224,786 2,317,543.66
0.49 AL AIR LEASE CORP B3XS562 42.96 53,765 2,309,744.40
0.49 BEN FRANKLIN RESOURCES INC 2350684 18.05 127,368 2,298,992.40
0.48 AVT AVNET INC 2066505 48.45 46,523 2,254,039.35
0.48 UBSI UNITED BANKSHARES INC 2905794 33.93 66,056 2,241,280.08
0.48 ARW ARROW ELECTRONICS INC 2051404 104.76 21,266 2,227,826.16
0.47 AGNC AGNC INVESTMENT CORP BYYHJL8 8.45 261,994 2,213,849.30
0.46 EMN EASTMAN CHEMICAL CO 2298386 79.29 27,444 2,176,034.76
0.46 LEA LEAR CORP B570P91 80.85 26,846 2,170,499.10
0.46 GM GENERAL MOTORS CO B665KZ5 45.16 47,954 2,165,602.64
0.46 THC TENET HEALTHCARE CORP B8DMK08 114.68 18,864 2,163,323.52
0.46 PRU PRUDENTIAL FINANCIAL INC 2819118 100.21 21,570 2,161,529.70
0.46 PB PROSPERITY BANCSHARES INC 2310257 67.16 32,102 2,155,970.32
0.46 LAD LITHIA MOTORS INC 2515030 295.45 7,290 2,153,830.50
0.46 IPG INTERPUBLIC GRP 2466321 23.90 89,724 2,144,403.60
0.46 BWA BORGWARNER INC 2111955 26.90 79,612 2,141,562.80
0.45 KRC KILROY REALTY CORP 2495529 32.14 66,136 2,125,611.04
0.45 BKR BAKER HUGHES CO BDHLTQ5 38.36 55,280 2,120,540.80
0.45 BIIB BIOGEN INC 2455965 118.89 17,762 2,111,724.18
0.45 FNB FNB CORP 2041308 12.92 162,831 2,103,776.52
0.45 MTH MERITAGE HOMES CORP 2601326 68.16 30,832 2,101,509.12
0.45 HBAN HUNTINGTON BANCSHARES INC 2445966 13.93 150,112 2,091,060.16
0.44 CMA COMERICA INC 2212870 51.44 40,411 2,078,741.84
0.44 VNOM VIPER ENERGY INC BR1YSF0 40.67 50,941 2,071,770.47
0.44 NOV NOV INC BN2RYW9 12.16 169,587 2,062,177.92
0.44 RF REGIONS FINANCIAL CORP B01R311 19.78 104,106 2,059,216.68
0.44 OZK BANK OZK BZ56Q65 41.38 49,682 2,055,841.16
0.43 HOG HARLEY-DAVIDSON INC 2411053 22.73 89,577 2,036,085.21
0.43 OMF ONEMAIN HOLDINGS INC BYSZB89 45.82 44,326 2,031,017.32
0.43 C CITIGROUP INC 2297907 64.55 31,145 2,010,409.75
0.43 GAP GAP INC/THE 2360326 19.49 102,909 2,005,696.41
0.43 COLB COLUMBIA BANKING 2176608 22.77 88,023 2,004,283.71
0.43 KBH KB HOME 2485070 53.66 37,317 2,002,430.22
0.43 SLG SL GREEN REALTY CORP BPGKM57 53.00 37,658 1,995,874.00
0.42 UMBF UMB FINANCIAL CORP 2918510 94.20 21,038 1,981,779.60
0.42 WBS WEBSTER FINANCIAL CORP 2945143 46.16 42,711 1,971,539.76
0.42 CADE CADENCE BANK BMCS168 27.90 70,482 1,966,447.80
0.42 TFC TRUIST FINANCIAL CORP BKP7287 36.34 53,891 1,958,398.94
0.42 CHRD CHORD ENERGY CORP BLDDYB1 94.29 20,708 1,952,557.32
0.42 FANG DIAMONDBACK ENERGY INC B7Y8YR3 136.54 14,289 1,951,020.06
0.41 CFG CITIZENS FINANCIAL GROUP BQRX1X3 35.82 53,789 1,926,721.98
0.41 BBY BEST BUY CO INC 2094670 63.38 30,198 1,913,949.24
0.41 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 58.14 32,844 1,909,550.16
0.40 SNX TD SYNNEX CORP 2002554 105.77 17,908 1,894,129.16
0.40 PVH PVH CORP B3V9F12 71.66 26,339 1,887,452.74
0.40 ZION ZIONS BANCORP NA 2989828 43.13 43,544 1,878,052.72
0.40 M MACY'S INC 2345022 10.83 173,393 1,877,846.19
0.40 ELAN ELANCO ANIMAL HEALTH INC BF5L3T2 8.89 209,253 1,860,259.17
0.39 HPQ HP INC BYX4D52 24.18 76,379 1,846,844.22
0.39 FMC FMC CORP 2328603 39.34 46,567 1,831,945.78
0.38 DOW DOW INC BHXCF84 29.00 62,040 1,799,160.00
0.38 OGN ORGANON & CO BLDC8J4 11.24 159,534 1,793,162.16
0.37 VTRS VIATRIS INC BMWS3X9 7.69 227,211 1,747,252.59
0.34 SWKS SKYWORKS SOLUTIONS INC 2961053 57.80 27,540 1,591,812.00
0.34 HPE HEWLETT PACKA BYVYWS0 15.15 103,799 1,572,554.85
0.33 NE NOBLE CORP PLC BN2QTL0 19.98 76,433 1,527,131.34
0.32 WHR WHIRLPOOL CORP 2960384 77.32 19,202 1,484,698.64
0.32 YUM YUM! BRANDS INC 2098876 145.05 10,234 1,484,441.70
0.31 CE CELANESE CORP B05MZT4 41.56 34,729 1,443,337.24
0.30 CIVI CIVITAS RESOURCES INC BMG9GG2 29.26 48,612 1,422,387.12
0.25 ACHC ACADIA HEALTHCARE CO INC B65VZ37 20.60 57,253 1,179,411.80
0.21 PGR PROGRESSIVE CORP 2705024 265.08 3,715 984,772.20
0.20 PG PROCTER & GAMBLE CO/THE 2704407 167.88 5,563 933,916.44
0.17 KR KROGER CO 2497406 72.98 10,753 784,753.94
0.16 ABBV ABBVIE INC B92SR70 173.78 4,367 758,897.26
0.16 COST COSTCO WHOLESALE CORP 2701271 979.23 771 754,986.33
0.15 TW TRADEWEB MARKE-A BJXMVK2 132.70 5,390 715,253.00
0.13 OTHER PAYABLE & RECEIVABLES 1.00 625,159 625,159.15
0.13 SNA SNAP-ON INC 2818740 301.33 2,019 608,385.27
0.12 MCK MCKESSON CORP 2378534 695.17 827 574,905.59
0.12 SO SOUTHERN CO/THE 2829601 91.86 6,217 571,093.62
0.12 WRB WR BERKLEY CORP 2093644 70.85 7,883 558,510.55
0.12 AFL AFLAC INC 2026361 108.31 5,060 548,048.60
0.11 GRMN GARMIN LTD B3Z5T14 191.41 2,791 534,225.31
0.11 DUK DUKE ENERGY CORP B7VD3F2 122.53 4,335 531,167.55
0.11 WMB WILLIAMS COS INC 2967181 58.20 9,089 528,979.80
0.11 VRSN VERISIGN INC 2142922 248.08 2,076 515,014.08
0.11 ED CONSOLIDATED EDISON INC 2216850 113.30 4,366 494,667.80
0.11 ORI OLD REPUBLIC INTL CORP 2659109 37.98 12,973 492,714.54
0.10 MA MASTERCARD INC - A B121557 527.33 907 478,288.31
0.10 CAH CARDINAL HEALTH INC 2175672 133.69 3,411 456,016.59
0.10 VRSK VERISK ANALYTICS INC B4P9W92 292.70 1,525 446,367.50
0.09 CHE CHEMED CORP 2190084 579.50 760 440,420.00
0.09 ATO ATMOS ENERGY CORP 2315359 160.11 2,723 435,979.53
0.09 NOC NORTHROP GRUMMAN CORP 2648806 464.08 938 435,307.04
0.09 AJG ARTHUR J GALLAGHER & CO 2359506 330.75 1,312 433,944.00
0.09 WELL WELLTOWER INC BYVYHH4 147.25 2,936 432,326.00
0.09 ROP ROPER TECHNOLOGIES INC 2749602 551.30 777 428,360.10
0.09 WTW WILLIS TOWERS WATSON PLC BDB6Q21 324.68 1,309 425,006.12
0.09 AAPL APPLE INC 2046251 199.74 2,124 424,247.76
0.09 PNW PINNACLE WEST CAPITAL 2048804 95.01 4,463 424,029.63
0.09 CI THE CIGNA GROUP BHJ0775 337.07 1,257 423,696.99
0.09 PPL PPL CORP 2680905 36.21 11,665 422,389.65
0.09 CMS CMS ENERGY CORP 2219224 73.70 5,727 422,079.90
0.09 FI FISERV INC 2342034 214.29 1,962 420,436.98
0.09 FE FIRSTENERGY CORP 2100920 42.71 9,831 419,882.01
0.09 CL COLGATE-PALMOLIVE CO 2209106 95.81 4,379 419,551.99
0.09 EVRG EVERGY INC BFMXGR0 68.36 6,047 413,372.92
0.09 DGX QUEST DIAGNOSTICS INC 2702791 172.84 2,387 412,569.08
0.09 WEC WEC ENERGY GROUP INC BYY8XK8 109.13 3,771 411,529.23
0.09 IBM IBM 2005973 240.90 1,700 409,530.00
0.09 AEP AMERICAN ELECTRIC POWER 2026242 108.15 3,775 408,266.25
0.09 CB CHUBB LTD B3BQMF6 290.42 1,404 407,749.68
0.09 TJX TJX COMPANIES INC 2989301 125.71 3,241 407,426.11
0.09 ECL ECOLAB INC 2304227 236.81 1,705 403,761.05
0.09 INGR INGREDION INC B7K24P7 130.77 3,085 403,425.45
0.09 GDDY GODADDY INC - CLASS A BWFRFC6 170.19 2,367 402,839.73
0.09 ATR APTARGROUP INC 2045247 146.02 2,753 401,993.06
0.09 NI NISOURCE INC 2645409 39.02 10,250 399,955.00
0.08 HIG HARTFORD INSURANCE GROUP 2476193 118.74 3,314 393,504.36
0.08 AON AON PLC-CLASS A BLP1HW5 368.52 1,055 388,788.60
0.08 ETR ENTERGY CORP 2317087 83.28 4,617 384,503.76
0.08 TRV TRAVELERS COS INC/THE 2769503 261.31 1,471 384,387.01
0.08 XOM EXXON MOBIL CORP 2326618 108.30 3,534 382,732.20
0.08 PKG PACKAGING CORP OF AMERICA 2504566 186.42 2,018 376,195.56
0.08 L LOEWS CORP 2523022 85.71 4,387 376,009.77
0.08 AMGN AMGEN INC 2023607 278.40 1,335 371,664.00
0.08 CHD CHURCH & DWIGHT CO INC 2195841 103.85 3,571 370,848.35
0.07 AME AMETEK INC 2089212 159.65 2,157 344,365.05
0.07 CVX CHEVRON CORP 2838555 137.30 2,496 342,700.80
0.07 LDOS LEIDOS HOLDINGS INC BDV82B8 141.26 2,410 340,436.60
0.07 HON HONEYWELL INTL 2020459 198.37 1,650 327,310.50
0.07 BDX BECTON DICKINSON AND CO 2087807 199.88 1,578 315,410.64
0.06 HOLX HOLOGIC INC 2433530 58.19 5,001 291,008.19
0.02 CASH 1.00 77,117 77,117.08
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 04/22/25

Return on Equity 13.90%
Weighted Avg. Market Cap 122,287 M
2024 2025
Price-to-earnings 12.22 12.08
Price-to-book value 1.76 1.61

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

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 3/31, AUSF was rated against the following numbers of Mid-Cap Value funds over the following time periods: 389 during the last 3 years, 366 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.