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AUSF

Adaptive U.S. Factor ETF

Morningstar Rating™ - Overall rating out of 374 Mid-Cap Value funds, based on risk-adjusted returns as of 06/30/2024

 

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 07/26/24

Inception Date 08/24/18
Total Expense Ratio 0.27%
Net Assets $288.35 million
NAV $41.91
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 07/25/24

Ticker AUSF
Bloomberg Index Ticker AWSUSF
CUSIP 37954Y574
ISIN US37954Y5740
Primary Exchange NYSE Arca
Shares Outstanding 6,880,002
Number of Holdings 190
30-Day Median Bid-Ask Spread 0.24%

Distributions As of 07/26/24

30-Day SEC Yield 2.68%
Distribution Frequency Quarterly

ETF Prices As of 07/26/24

NAV $41.91 Daily Change $0.56 1.35%
Market Price $41.88 Daily Change $0.50 1.21%

Performance History

As of recent month & quarter-end (06/30/24)
As of recent month & quarter-end (06/30/24)
Fund NAV Market Price Index
1 Year 27.48% 27.33% 27.98%
3 Years 12.79% 12.77% 13.17%
5 Years 13.03% 13.00% 13.40%
Since Inception 11.42% 11.41% 11.78%
1 Year 27.48% 27.33% 27.98%
3 Years 12.79% 12.77% 13.17%
5 Years 13.03% 13.00% 13.40%
Since Inception 11.42% 11.41% 11.78%
Year-to-Date 7.88% 7.85% 8.09%
1 Month -0.70% -0.65% -0.67%
3 Months -2.44% -2.35% -2.37%
Since Inception 88.31% 88.26% 91.97%
Year-to-Date 7.88% 7.85% 8.09%
1 Month -0.70% -0.65% -0.67%
3 Months -2.44% -2.35% -2.37%
Since Inception 88.31% 88.26% 91.97%

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 07/26/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
1.94 IBM IBM 2005973 191.75 29,134 5,586,444.50
1.83 VZ VERIZON COMMUNIC 2090571 40.09 131,670 5,278,650.30
1.81 T AT&T INC 2831811 19.01 274,481 5,217,883.81
1.62 WMT WALMART INC 2936921 69.78 67,018 4,676,516.04
1.60 LMT LOCKHEED MARTIN CORP 2522096 524.80 8,789 4,612,467.20
1.59 AJG ARTHUR J GALLAGHER & CO 2359506 283.58 16,172 4,586,055.76
1.54 JNJ JOHNSON & JOHNSON 2475833 160.64 27,665 4,444,105.60
1.53 BRK/B BERKSHIRE HATH-B 2073390 437.66 10,079 4,411,175.14
1.52 TMUS T-MOBILE US INC B94Q9V0 175.53 25,028 4,393,164.84
1.51 MMC MARSH & MCLENNAN COS 2567741 217.97 20,017 4,363,105.49
1.42 GD GENERAL DYNAMICS CORP 2365161 290.40 14,078 4,088,251.20
1.40 ROP ROPER TECHNOLOGIES INC 2749602 548.53 7,381 4,048,699.93
1.40 LIN LINDE PLC BNZHB81 451.39 8,929 4,030,461.31
1.39 RSG REPUBLIC SERVICES INC 2262530 190.30 21,120 4,019,136.00
1.39 ACI ALBERTSONS COS-A BYNQ369 20.45 195,723 4,002,535.35
1.38 MRK MERCK & CO. INC. 2778844 125.26 31,868 3,991,785.68
1.32 COR CENCORA INC 2795393 227.62 16,763 3,815,594.06
1.32 WM WASTE MANAGEMENT INC 2937667 196.96 19,354 3,811,963.84
1.32 DOX AMDOCS LTD 2256908 86.92 43,700 3,798,404.00
1.32 V VISA INC-CLASS A SHARES B2PZN04 259.46 14,629 3,795,640.34
1.28 EA ELECTRONIC ARTS INC 2310194 145.18 25,366 3,682,635.88
1.26 CME CME GROUP INC 2965839 200.54 18,164 3,642,608.56
1.21 CSCO CISCO SYSTEMS INC 2198163 47.88 72,984 3,494,473.92
1.20 NSIT INSIGHT ENTERPRISES INC 2475060 225.24 15,303 3,446,847.72
1.16 MCD MCDONALD'S CORP 2550707 252.00 13,263 3,342,276.00
1.16 VRSN VERISIGN INC 2142922 184.10 18,108 3,333,682.80
1.13 KO COCA-COLA CO/THE 2206657 67.05 48,547 3,255,076.35
0.96 PEP PEPSICO INC 2681511 172.75 15,987 2,761,754.25
0.88 PG PROCTER & GAMBLE CO/THE 2704407 169.11 15,012 2,538,679.32
0.88 CBOE CBOE GLOBAL MARKETS INC B5834C5 186.46 13,598 2,535,483.08
0.81 BR BROADRIDGE FINL B1VP7R6 212.63 11,011 2,341,268.93
0.72 COLB COLUMBIA BANKING 2176608 26.99 76,392 2,061,820.08
0.68 WAL WESTERN ALLIANCE BANCORP B0CCGJ4 81.39 24,079 1,959,789.81
0.67 GILD GILEAD SCIENCES INC 2369174 77.01 25,111 1,933,798.11
0.66 MO ALTRIA GROUP INC 2692632 50.43 37,722 1,902,320.46
0.64 KMI KINDER MORGAN INC B3NQ4P8 21.37 86,523 1,848,996.51
0.64 GLW CORNING INC 2224701 42.85 43,130 1,848,120.50
0.64 JXN JACKSON FINANCIAL INC-A BMFX6P4 87.84 21,026 1,846,923.84
0.64 KBH KB HOME 2485070 83.76 21,934 1,837,191.84
0.62 DTM DT MIDSTREAM INC BN7L880 73.74 24,396 1,798,961.04
0.62 LBRDK LIBERTY BROADBAND-C BRTLC06 64.77 27,713 1,794,971.01
0.62 ZION ZIONS BANCORP NA 2989828 52.29 33,943 1,774,879.47
0.62 IP INTERNATIONAL PAPER CO 2465254 46.92 37,787 1,772,966.04
0.61 HPQ HP INC BYX4D52 36.34 48,537 1,763,834.58
0.61 CFG CITIZENS FINANCIAL GROUP BQRX1X3 43.23 40,467 1,749,388.41
0.60 ONB OLD NATIONAL BANCORP 2658441 20.22 86,036 1,739,647.92
0.60 WMB WILLIAMS COS INC 2967181 42.52 40,444 1,719,678.88
0.60 MTG MGIC INVESTMENT CORP 2548616 24.88 68,944 1,715,326.72
0.59 SYF SYNCHRONY FINANCIAL BP96PS6 50.78 33,673 1,709,914.94
0.59 GEN GEN DIGITAL INC BJN4XN5 26.09 65,432 1,707,120.88
0.58 CADE CADENCE BANK BMCS168 33.51 50,195 1,682,034.45
0.58 RDN RADIAN GROUP INC 2173911 37.01 45,168 1,671,667.68
0.58 MTB M & T BANK CORP 2340168 174.90 9,536 1,667,846.40
0.57 OGN ORGANON & CO BLDC8J4 22.19 74,334 1,649,471.46
0.57 PNC PNC FINANCIAL SE 2692665 181.21 9,072 1,643,937.12
0.57 FITB FIFTH THIRD BANCORP 2336747 42.27 38,833 1,641,470.91
0.57 TXN TEXAS INSTRUMENTS INC 2885409 201.99 8,066 1,629,251.34
0.56 FNB FNB CORP 2041308 15.55 104,394 1,623,326.70
0.56 PB PROSPERITY BANCSHARES INC 2310257 72.80 22,294 1,623,003.20
0.56 BMY BRISTOL-MYERS SQUIBB CO 2126335 50.45 32,143 1,621,614.35
0.56 ALLY ALLY FINANCIAL INC B72XK05 43.99 36,845 1,620,811.55
0.56 PFE PFIZER INC 2684703 30.77 52,560 1,617,271.20
0.56 FHN FIRST HORIZON CORP 2341484 17.13 94,297 1,615,307.61
0.56 RF REGIONS FINANCIAL CORP B01R311 22.76 70,848 1,612,500.48
0.55 UBSI UNITED BANKSHARES INC 2905794 39.32 40,654 1,598,515.28
0.55 ABG ASBURY AUTOMOTIVE GROUP 2855855 254.21 6,247 1,588,049.87
0.55 BKR BAKER HUGHES CO BDHLTQ5 37.65 41,734 1,571,285.10
0.54 AME AMETEK INC 2089212 172.27 9,044 1,558,009.88
0.54 HPE HEWLETT PACKA BYVYWS0 19.76 78,511 1,551,377.36
0.53 HBAN HUNTINGTON BANCSHARES INC 2445966 15.13 101,618 1,537,480.34
0.53 USB US BANCORP 2736035 45.46 33,810 1,537,002.60
0.53 KEY KEYCORP 2490911 16.46 92,606 1,524,294.76
0.53 BBY BEST BUY CO INC 2094670 87.35 17,362 1,516,570.70
0.53 AVT AVNET INC 2066505 52.84 28,624 1,512,492.16
0.52 CRBG COREBRIDGE FINANCIAL INC BMTX0G9 29.80 50,675 1,510,115.00
0.52 CHE CHEMED CORP 2190084 549.27 2,732 1,500,605.64
0.52 OZK BANK OZK BZ56Q65 46.76 31,948 1,493,888.48
0.52 OMF ONEMAIN HOLDINGS INC BYSZB89 53.09 28,054 1,489,386.86
0.52 AGNC AGNC INVESTMENT CORP BYYHJL8 10.05 147,812 1,485,510.60
0.52 KRC KILROY REALTY CORP 2495529 36.00 41,242 1,484,712.00
0.52 C CITIGROUP INC 2297907 65.18 22,766 1,483,887.88
0.51 COF CAPITAL ONE FINA 2654461 149.36 9,768 1,458,948.48
0.50 RITM RITHM CAPITAL CORP BRJ9GW0 11.45 127,022 1,454,401.90
0.50 VTRS VIATRIS INC BMWS3X9 12.08 120,383 1,454,226.64
0.50 WBS WEBSTER FINANCIAL CORP 2945143 48.80 29,435 1,436,428.00
0.50 BG BUNGE GLOBAL SA BQ6BPG9 114.31 12,565 1,436,305.15
0.50 NOV NOV INC BN2RYW9 19.85 72,346 1,436,068.10
0.50 CMC COMMERCIAL METALS CO 2213260 60.35 23,697 1,430,113.95
0.50 MAN MANPOWERGROUP INC 2562490 74.81 19,073 1,426,851.13
0.49 CMA COMERICA INC 2212870 53.40 26,609 1,420,920.60
0.49 FMC FMC CORP 2328603 59.60 23,840 1,420,864.00
0.49 UNM UNUM GROUP 2433842 53.24 26,643 1,418,473.32
0.49 AM ANTERO MIDSTREAM CORP BJBT0Q4 14.49 97,890 1,418,426.10
0.49 WFC WELLS FARGO & CO 2649100 60.39 23,370 1,411,314.30
0.49 OKE ONEOK INC 2130109 82.02 17,202 1,410,908.04
0.49 ADM ARCHER-DANIELS-MIDLAND CO 2047317 63.98 21,931 1,403,145.38
0.49 STWD STARWOOD PROPERT B3PQ520 19.90 70,290 1,398,771.00
0.48 RPRX ROYALTY PHARMA PLC- CL A BMVP7Y0 28.79 48,395 1,393,292.05
0.48 EMN EASTMAN CHEMICAL CO 2298386 100.73 13,799 1,389,973.27
0.48 X UNITED STATES STEEL CORP 2824770 40.75 33,838 1,378,898.50
0.48 GM GENERAL MOTORS CO B665KZ5 44.12 31,188 1,376,014.56
0.47 BCC BOISE CASCADE CO B9BP4R1 141.04 9,697 1,367,664.88
0.47 SNX TD SYNNEX CORP 2002554 118.25 11,539 1,364,486.75
0.47 CMCSA COMCAST CORP-CLASS A 2044545 39.69 34,274 1,360,335.06
0.47 GPS GAP INC/THE 2360326 21.44 63,034 1,351,448.96
0.47 AL AIR LEASE CORP B3XS562 49.47 27,288 1,349,937.36
0.46 ARW ARROW ELECTRONICS INC 2051404 122.65 10,873 1,333,573.45
0.46 MDT MEDTRONIC PLC BTN1Y11 78.70 16,902 1,330,187.40
0.46 CAG CONAGRA BRANDS INC 2215460 29.94 44,187 1,322,958.78
0.46 LAD LITHIA MOTORS INC 2515030 260.98 5,066 1,322,124.68
0.45 MCK MCKESSON CORP 2378534 600.16 2,177 1,306,548.32
0.45 MOS MOSAIC CO/THE B3NPHP6 29.57 44,116 1,304,510.12
0.45 HP HELMERICH & PAYNE 2420101 40.09 32,411 1,299,356.99
0.45 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 97.26 13,268 1,290,445.68
0.45 UAL UNITED AIRLINES B4QG225 47.37 27,163 1,286,711.31
0.45 CIVI CIVITAS RESOURCES INC BMG9GG2 70.83 18,155 1,285,918.65
0.44 CHRD CHORD ENERGY CORP BLDDYB1 172.62 7,354 1,269,447.48
0.43 PTEN PATTERSON-UTI ENERGY INC 2672537 10.43 119,101 1,242,223.43
0.43 F FORD MOTOR CO 2615468 11.19 110,974 1,241,799.06
0.43 PRGO PERRIGO CO PLC BGH1M56 28.11 44,100 1,239,651.00
0.42 CE CELANESE CORP B05MZT4 139.08 8,654 1,203,598.32
0.42 KHC KRAFT HEINZ CO/THE BYRY499 33.36 35,898 1,197,557.28
0.41 AGCO AGCO CORP 2010278 103.52 11,500 1,190,480.00
0.41 CVS CVS HEALTH CORP 2577609 61.00 19,478 1,188,158.00
0.41 CHK CHESAPEAKE ENERGY CORP BMZ5LZ5 77.79 15,194 1,181,941.26
0.41 INTC INTEL CORP 2463247 31.35 37,448 1,173,994.80
0.40 M MACY'S INC 2345022 16.57 70,299 1,164,854.43
0.40 SIG SIGNET JEWELERS LTD B3CTNK6 83.04 13,853 1,150,353.12
0.40 TAP MOLSON COORS-B B067BM3 54.33 21,037 1,142,940.21
0.37 ALB ALBEMARLE CORP 2046853 92.80 11,590 1,075,552.00
0.33 AMGN AMGEN INC 2023607 334.85 2,816 942,937.60
0.27 YUM YUM! BRANDS INC 2098876 128.05 5,972 764,714.60
0.24 DGX QUEST DIAGNOSTICS INC 2702791 145.59 4,764 693,590.76
0.24 PSX PHILLIPS 66 B78C4Y8 142.21 4,757 676,492.97
0.18 CACI CACI INTL-A 2159267 449.03 1,156 519,078.68
0.18 LLY ELI LILLY & CO 2516152 804.62 626 503,692.12
0.17 PGR PROGRESSIVE CORP 2705024 215.68 2,205 475,574.40
0.16 ABBV ABBVIE INC B92SR70 185.16 2,409 446,050.44
0.15 EME EMCOR GROUP INC 2474164 364.05 1,221 444,505.05
0.12 SNA SNAP-ON INC 2818740 280.66 1,264 354,754.24
0.12 CHD CHURCH & DWIGHT CO INC 2195841 101.38 3,388 343,475.44
0.12 TW TRADEWEB MARKE-A BJXMVK2 106.84 3,193 341,140.12
0.12 KR KROGER CO 2497406 54.27 6,222 337,667.94
0.12 CASY CASEY'S GENERAL 2179414 391.16 862 337,179.92
0.11 COST COSTCO WHOLESALE CORP 2701271 817.60 403 329,492.80
0.11 OTHER PAYABLE & RECEIVABLES 1.00 317,012 317,012.36
0.11 SO SOUTHERN CO/THE 2829601 82.17 3,850 316,354.50
0.11 DUK DUKE ENERGY CORP B7VD3F2 108.03 2,790 301,403.70
0.10 RTX RTX CORPORATION BM5M5Y3 113.95 2,571 292,965.45
0.10 TRV TRAVELERS COS INC/THE 2769503 213.85 1,343 287,200.55
0.10 SAIC SCIENCE APPLICATIONS INTE BDTZZG7 122.13 2,316 282,853.08
0.10 ED CONSOLIDATED EDISON INC 2216850 96.44 2,913 280,929.72
0.10 AFL AFLAC INC 2026361 94.82 2,954 280,098.28
0.10 LDOS LEIDOS HOLDINGS INC BDV82B8 149.83 1,836 275,087.88
0.10 GRMN GARMIN LTD B3Z5T14 177.94 1,535 273,137.90
0.09 WRB WR BERKLEY CORP 2093644 54.07 5,024 271,647.68
0.09 AAPL APPLE INC 2046251 217.96 1,228 267,654.88
0.09 ORI OLD REPUBLIC INTL CORP 2659109 33.62 7,852 263,984.24
0.09 HII HUNTINGTON INGAL B40SSC9 276.03 923 254,775.69
0.09 VRTX VERTEX PHARM 2931034 495.26 512 253,573.12
0.09 PNW PINNACLE WEST CAPITAL 2048804 84.71 2,970 251,588.70
0.08 CAH CARDINAL HEALTH INC 2175672 98.35 2,463 242,236.05
0.08 ICE INTERCONTINENTAL BFSSDS9 151.00 1,600 241,600.00
0.08 VRSK VERISK ANALYTICS INC B4P9W92 279.97 861 241,054.17
0.08 UNH UNITEDHEALTH GROUP INC 2917766 569.72 423 240,991.56
0.08 NOC NORTHROP GRUMMAN CORP 2648806 480.30 498 239,189.40
0.08 TJX TJX COMPANIES INC 2989301 111.83 2,129 238,086.07
0.08 XOM EXXON MOBIL CORP 2326618 117.33 2,024 237,475.92
0.08 KMB KIMBERLY-CLARK CORP 2491839 141.81 1,670 236,822.70
0.08 REGN REGENERON PHARMACEUTICALS 2730190 1,078.63 216 232,984.08
0.08 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 393.71 586 230,714.06
0.08 HON HONEYWELL INTL 2020459 202.74 1,121 227,271.54
0.08 ATR APTARGROUP INC 2045247 146.66 1,547 226,883.02
0.08 CASH 1.00 226,115 226,114.60
0.08 BDX BECTON DICKINSON AND CO 2087807 237.30 934 221,638.20
0.08 HIG HARTFORD FINL SV 2476193 109.63 1,996 218,821.48
0.08 CVX CHEVRON CORP 2838555 157.84 1,377 217,345.68
0.08 PKG PACKAGING CORP OF AMERICA 2504566 199.00 1,091 217,109.00
0.08 L LOEWS CORP 2523022 80.09 2,705 216,643.45
0.08 AKAM AKAMAI TECHNOLOGIES INC 2507457 96.97 2,232 216,437.04
0.07 QGEN QIAGEN N.V. BMGBZP0 43.94 4,883 214,559.02
0.07 MDLZ MONDELEZ INTER-A B8CKK03 66.42 3,187 211,680.54
0.07 BSX BOSTON SCIENTIFIC CORP 2113434 74.92 2,804 210,075.68
0.07 ADP AUTOMATIC DATA PROCESSING 2065308 252.67 829 209,463.43
0.07 FDS FACTSET RESEARCH 2329770 415.33 493 204,757.69
0.07 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,110.31 184 204,297.04
0.07 DRI DARDEN RESTAURANTS INC 2289874 142.27 1,403 199,604.81
0.07 SON SONOCO PRODUCTS CO 2821395 52.36 3,812 199,596.32
0.07 MA MASTERCARD INC - A B121557 438.18 453 198,495.54
0.07 DLB DOLBY LABORATO-A B04NJM9 78.37 2,473 193,809.01
0.06 NEU NEWMARKET CORP B01CGF1 561.87 326 183,169.62
0.06 PCAR PACCAR INC 2665861 99.24 1,624 161,165.76
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 06/30/24

Sector Weight (%)
Financials 26.7
Information Technology 13.4
Health Care 11.2
Industrials 10.8
Consumer Staples 9.6
Communication Services 7.8
Energy 7.1
Consumer Discretionary 6.5
Materials 6.0
Real Estate 0.5
Utilities 0.4

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Banking 11.3
Financial Services 8.6
Technology 8.2
Energy 7.0
Retail 6.9
Pharmaceuticals 6.3
Telecommunication 5.8
Insurance 4.5
Chemicals 4.4
Health Care 4.0
Electrical Equipment 4.0
Other 29.0

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 07/25/24

Return on Equity 14.90%
Weighted Avg. Market Cap 107,963 M
2023 2024
Price-to-earnings 12.92 13.08
Price-to-book value 2.04 1.86

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 06/30/24

Versus Beta
S&P 500 0.76
NASDAQ-100 0.47
MSCI EAFE 0.72
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 06/30, AUSF was rated against the following numbers of Mid-Cap Value funds over the following time periods: 374 during the last 3 years, 360 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.