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AUSF

Adaptive U.S. Factor ETF

Morningstar Rating™ - Overall rating out of 390 Mid-Cap Value funds, based on risk-adjusted returns as of 11/30/2024

 

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 01/06/25

Inception Date 08/24/18
Total Expense Ratio 0.27%
Net Assets $354.43 million
NAV $42.04
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 01/06/25

Ticker AUSF
Bloomberg Index Ticker AWSUSF
CUSIP 37954Y574
ISIN US37954Y5740
Primary Exchange NYSE Arca
Shares Outstanding 8,430,002
Number of Holdings 192
30-Day Median Bid-Ask Spread 0.23%

Distributions As of 01/06/25

30-Day SEC Yield 2.69%
Distribution Frequency Quarterly

ETF Prices As of 01/06/25

NAV $42.04 Daily Change -$0.16 -0.38%
Market Price $42.01 Daily Change -$0.20 -0.47%

Performance History

As of recent month & quarter-end (12/31/24)
As of recent month & quarter-end (12/31/24)
Fund NAV Market Price Index
1 Year 16.15% 16.06% 16.54%
3 Years 12.33% 12.29% 12.70%
5 Years 12.83% 12.81% 13.19%
Since Inception 11.76% 11.74% 12.12%
1 Year 16.15% 16.06% 16.54%
3 Years 12.33% 12.29% 12.70%
5 Years 12.83% 12.81% 13.19%
Since Inception 11.76% 11.74% 12.12%
Year-to-Date 16.15% 16.06% 16.54%
1 Month -6.24% -6.25% -6.25%
3 Months -0.50% -0.67% -0.45%
Since Inception 102.75% 102.59% 106.98%
Year-to-Date 16.15% 16.06% 16.54%
1 Month -6.24% -6.25% -6.25%
3 Months -0.50% -0.67% -0.45%
Since Inception 102.75% 102.59% 106.98%

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 01/06/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
1.94 T AT&T INC 2831811 22.60 306,198 6,920,074.80
1.77 VZ VERIZON COMMUNIC 2090571 39.61 159,475 6,316,804.75
1.69 WMT WALMART INC 2936921 91.43 66,005 6,034,837.15
1.61 BSX BOSTON SCIENTIFIC CORP 2113434 91.29 62,897 5,741,867.13
1.59 V VISA INC-CLASS A SHARES B2PZN04 313.04 18,076 5,658,511.04
1.52 RSG REPUBLIC SERVICES INC 2262530 200.95 26,991 5,423,841.45
1.50 JNPR JUNIPER NETWORKS INC 2431846 37.98 140,409 5,332,733.82
1.49 BRK/B BERKSHIRE HATH-B 2073390 451.41 11,757 5,307,227.37
1.49 CSCO CISCO SYSTEMS INC 2198163 58.77 90,281 5,305,814.37
1.48 TMUS T-MOBILE US INC B94Q9V0 212.38 24,850 5,277,643.00
1.47 IBM IBM 2005973 222.67 23,551 5,244,101.17
1.47 COR CENCORA INC 2795393 228.88 22,842 5,228,076.96
1.44 EDR ENDEAVOR GROUP-A BJQ05Y5 31.15 164,678 5,129,719.70
1.42 ADP AUTOMATIC DATA PROCESSING 2065308 287.13 17,660 5,070,715.80
1.42 CME CME GROUP INC 2965839 225.82 22,428 5,064,690.96
1.39 RTX RTX CORPORATION BM5M5Y3 114.10 43,266 4,936,650.60
1.37 MMC MARSH & MCLENNAN COS 2567741 208.48 23,499 4,899,071.52
1.37 ICE INTERCONTINENTAL BFSSDS9 146.58 33,327 4,885,071.66
1.36 ACI ALBERTSONS COS-A BYNQ369 19.60 248,030 4,861,388.00
1.31 WM WASTE MANAGEMENT INC 2937667 201.76 23,206 4,682,042.56
1.31 DOX AMDOCS LTD 2256908 84.47 55,071 4,651,847.37
1.29 JNJ JOHNSON & JOHNSON 2475833 143.66 32,095 4,610,767.70
1.29 EA ELECTRONIC ARTS INC 2310194 145.25 31,533 4,580,168.25
1.27 LIN LINDE PLC BNZHB81 412.91 10,995 4,539,945.45
1.27 GD GENERAL DYNAMICS CORP 2365161 257.99 17,504 4,515,856.96
1.26 LMT LOCKHEED MARTIN CORP 2522096 466.00 9,610 4,478,260.00
1.07 MRK MERCK & CO. INC. 2778844 99.72 38,082 3,797,537.04
1.03 KO COCA-COLA CO/THE 2206657 60.81 60,631 3,686,971.11
0.89 CBOE CBOE GLOBAL MARKETS INC B5834C5 191.76 16,545 3,172,669.20
0.88 BR BROADRIDGE FINL B1VP7R6 225.44 13,938 3,142,182.72
0.82 PG PROCTER & GAMBLE CO/THE 2704407 160.60 18,167 2,917,620.20
0.80 TPR TAPESTRY INC BF09HX3 67.66 42,307 2,862,491.62
0.73 MCD MCDONALD'S CORP 2550707 292.18 8,883 2,595,434.94
0.72 DTM DT MIDSTREAM INC BN7L880 103.12 25,032 2,581,299.84
0.69 UNM UNUM GROUP 2433842 73.27 33,737 2,471,909.99
0.69 KMI KINDER MORGAN INC B3NQ4P8 27.83 88,662 2,467,463.46
0.64 PEP PEPSICO INC 2681511 146.27 15,588 2,280,056.76
0.64 SYF SYNCHRONY FINANCIAL BP96PS6 67.67 33,560 2,271,005.20
0.62 MO ALTRIA GROUP INC 2692632 52.09 42,683 2,223,357.47
0.62 FHN FIRST HORIZON CORP 2341484 20.46 107,178 2,192,861.88
0.60 HPE HEWLETT PACKA BYVYWS0 22.85 93,976 2,147,351.60
0.60 C CITIGROUP INC 2297907 72.74 29,269 2,129,027.06
0.59 PVH PVH CORP B3V9F12 107.78 19,546 2,106,667.88
0.59 WHR WHIRLPOOL CORP 2960384 114.89 18,295 2,101,912.55
0.59 MARA MARA HOLDINGS INC BLR7B52 20.55 102,081 2,097,764.55
0.58 ONB OLD NATIONAL BANCORP 2658441 21.26 97,648 2,075,996.48
0.58 GAP GAP INC/THE 2360326 24.08 85,982 2,070,446.56
0.57 UGI UGI CORP 2910118 28.00 72,936 2,042,208.00
0.56 CFG CITIZENS FINANCIAL GROUP BQRX1X3 44.80 44,584 1,997,363.20
0.56 AL AIR LEASE CORP B3XS562 47.48 42,003 1,994,302.44
0.56 IP INTERNATIONAL PAPER CO 2465254 53.50 37,010 1,980,035.00
0.55 WBS WEBSTER FINANCIAL CORP 2945143 55.96 35,248 1,972,478.08
0.55 M MACY'S INC 2345022 16.40 119,250 1,955,700.00
0.55 ALLY ALLY FINANCIAL INC B72XK05 36.21 53,632 1,942,014.72
0.54 UMBF UMB FINANCIAL CORP 2918510 111.91 17,298 1,935,819.18
0.54 CNC CENTENE CORP 2807061 62.69 30,876 1,935,616.44
0.54 AM ANTERO MIDSTREAM CORP BJBT0Q4 15.50 124,858 1,935,299.00
0.54 HBAN HUNTINGTON BANCSHARES INC 2445966 16.53 116,744 1,929,778.32
0.54 QGEN QIAGEN N.V. BMGBZP0 44.78 43,062 1,928,316.36
0.54 ZION ZIONS BANCORP NA 2989828 55.02 34,987 1,924,984.74
0.54 NE NOBLE CORP PLC BN2QTL0 33.11 57,641 1,908,493.51
0.54 CADE CADENCE BANK BMCS168 34.95 54,588 1,907,850.60
0.53 OKE ONEOK INC 2130109 101.62 18,730 1,903,342.60
0.53 RITM RITHM CAPITAL CORP BRJ9GW0 11.06 171,713 1,899,145.78
0.53 ABG ASBURY AUTOMOTIVE GROUP 2855855 237.05 7,994 1,894,977.70
0.53 LAD LITHIA MOTORS INC 2515030 344.99 5,468 1,886,405.32
0.53 PB PROSPERITY BANCSHARES INC 2310257 74.75 25,162 1,880,859.50
0.53 VTRS VIATRIS INC BMWS3X9 11.95 157,076 1,877,058.20
0.53 PCAR PACCAR INC 2665861 107.24 17,494 1,876,056.56
0.52 UBSI UNITED BANKSHARES INC 2905794 37.30 50,013 1,865,484.90
0.52 CNH CNH INDUSTRIAL NV BDX85Z1 11.36 164,168 1,864,948.48
0.52 CMA COMERICA INC 2212870 63.07 29,553 1,863,907.71
0.52 COLB COLUMBIA BANKING 2176608 27.41 67,674 1,854,944.34
0.52 GM GENERAL MOTORS CO B665KZ5 53.53 34,631 1,853,797.43
0.52 FNB FNB CORP 2041308 14.77 125,281 1,850,400.37
0.52 TAP MOLSON COORS-B B067BM3 55.96 32,940 1,843,322.40
0.52 BEN FRANKLIN RESOURCES INC 2350684 20.00 91,977 1,839,540.00
0.52 WBA WALGREENS BOOTS BTN1Y44 9.47 194,011 1,837,284.17
0.51 OZK BANK OZK BZ56Q65 44.08 41,463 1,827,689.04
0.51 RF REGIONS FINANCIAL CORP B01R311 23.78 76,723 1,824,472.94
0.51 HST HOST HOTELS & RESORTS INC 2567503 17.28 104,378 1,803,651.84
0.50 SNX TD SYNNEX CORP 2002554 118.30 15,185 1,796,385.50
0.50 CHE CHEMED CORP 2190084 527.50 3,398 1,792,445.00
0.50 CRBG COREBRIDGE FINANCIAL INC BMTX0G9 31.09 57,642 1,792,089.78
0.50 AVT AVNET INC 2066505 52.20 34,283 1,789,572.60
0.50 NOV NOV INC BN2RYW9 14.77 120,875 1,785,323.75
0.50 LNC LINCOLN NATIONAL CORP 2516378 32.01 55,650 1,781,356.50
0.50 CIVI CIVITAS RESOURCES INC BMG9GG2 48.20 36,870 1,777,134.00
0.50 VNOM VIPER ENERGY INC BR1YSF0 50.51 35,083 1,772,042.33
0.49 CHRD CHORD ENERGY CORP BLDDYB1 122.15 14,402 1,759,204.30
0.49 NXST Nexstar Media Group Inc 2949758 163.22 10,749 1,754,451.78
0.49 MOS MOSAIC CO/THE B3NPHP6 25.39 69,074 1,753,788.86
0.49 STWD STARWOOD PROPERT B3PQ520 19.15 91,267 1,747,763.05
0.49 KRC KILROY REALTY CORP 2495529 39.53 44,203 1,747,344.59
0.49 BWA BORGWARNER INC 2111955 32.08 54,187 1,738,318.96
0.49 SWKS SKYWORKS SOLUTIONS INC 2961053 90.91 19,119 1,738,012.70
0.49 AGNC AGNC INVESTMENT CORP BYYHJL8 9.32 186,067 1,734,144.44
0.49 SOLV SOLVENTUM CORP BMTQB43 68.47 25,280 1,730,921.60
0.48 LBRDK LIBERTY BROADBAND-C BRTLC06 76.01 22,522 1,711,897.22
0.48 HPQ HP INC BYX4D52 33.87 50,520 1,711,112.40
0.48 RPRX ROYALTY PHARMA PLC- CL A BMVP7Y0 25.75 66,314 1,707,585.50
0.48 TDG TRANSDIGM GROUP INC B11FJK3 1,251.32 1,363 1,705,549.16
0.47 PFE PFIZER INC 2684703 26.89 62,863 1,690,386.07
0.47 CAG CONAGRA BRANDS INC 2215460 26.89 62,789 1,688,396.21
0.47 JXN JACKSON FINANCIAL INC-A BMFX6P4 89.95 18,767 1,688,091.65
0.47 BBY BEST BUY CO INC 2094670 84.77 19,808 1,679,124.16
0.47 RDN RADIAN GROUP INC 2173911 31.65 52,893 1,674,063.45
0.47 BCC BOISE CASCADE CO B9BP4R1 120.22 13,806 1,659,757.32
0.46 RNR RENAISSANCERE 2728429 248.62 6,604 1,641,886.48
0.46 WU WESTERN UNION CO B1F76F9 10.45 157,034 1,641,005.30
0.46 INTC INTEL CORP 2463247 19.87 82,543 1,640,129.41
0.46 CMCSA COMCAST CORP-CLASS A 2044545 37.49 43,669 1,637,150.81
0.46 ADM ARCHER-DANIELS-MIDLAND CO 2047317 49.63 32,987 1,637,144.81
0.46 VICI VICI PROPERTIES INC BYWH073 29.56 55,252 1,633,249.12
0.46 OGN ORGANON & CO BLDC8J4 15.48 105,364 1,631,034.72
0.46 LEA LEAR CORP B570P91 94.16 17,305 1,629,438.80
0.46 SON SONOCO PRODUCTS CO 2821395 47.23 34,424 1,625,845.52
0.46 BG BUNGE GLOBAL SA BQ6BPG9 77.98 20,780 1,620,424.40
0.45 SLG SL GREEN REALTY CORP BPGKM57 67.34 24,035 1,618,516.90
0.45 HOG HARLEY-DAVIDSON INC 2411053 30.02 53,121 1,594,692.42
0.44 MDT MEDTRONIC PLC BTN1Y11 79.84 19,632 1,567,418.88
0.44 ARW ARROW ELECTRONICS INC 2051404 112.12 13,956 1,564,746.72
0.43 KHC KRAFT HEINZ CO/THE BYRY499 30.05 51,100 1,535,555.00
0.43 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 73.86 20,654 1,525,504.44
0.43 HII HUNTINGTON INGAL B40SSC9 186.70 8,164 1,524,218.80
0.43 X UNITED STATES STEEL CORP 2824770 32.95 45,937 1,513,624.15
0.42 EMN EASTMAN CHEMICAL CO 2298386 88.65 16,941 1,501,819.65
0.41 DINO HF SINCLAIR CORP BMZQ9C1 34.65 42,260 1,464,309.00
0.41 CVS CVS HEALTH CORP 2577609 45.82 31,945 1,463,719.90
0.41 FMC FMC CORP 2328603 49.67 29,227 1,451,705.09
0.39 DOW DOW INC BHXCF84 39.75 35,225 1,400,193.75
0.27 CE CELANESE CORP B05MZT4 66.05 14,460 955,083.00
0.26 YUM YUM! BRANDS INC 2098876 130.17 7,175 933,969.75
0.18 PGR PROGRESSIVE CORP 2705024 239.59 2,610 625,329.90
0.17 CACI CACI INTL-A 2159267 415.11 1,463 607,305.93
0.16 OTHER PAYABLE & RECEIVABLES 1.00 579,998 579,998.28
0.16 ABBV ABBVIE INC B92SR70 180.10 3,083 555,248.30
0.14 TW TRADEWEB MARKE-A BJXMVK2 132.06 3,819 504,337.14
0.13 KR KROGER CO 2497406 60.62 7,442 451,134.04
0.13 COST COSTCO WHOLESALE CORP 2701271 922.71 486 448,437.06
0.11 CHD CHURCH & DWIGHT CO INC 2195841 101.67 3,999 406,578.33
0.11 GRMN GARMIN LTD B3Z5T14 207.83 1,948 404,852.84
0.11 TRV TRAVELERS COS INC/THE 2769503 241.88 1,664 402,488.32
0.10 WMB WILLIAMS COS INC 2967181 55.81 6,466 360,867.46
0.10 AFL AFLAC INC 2026361 101.79 3,479 354,127.41
0.10 AAPL APPLE INC 2046251 245.00 1,438 352,310.00
0.10 LDOS LEIDOS HOLDINGS INC BDV82B8 148.24 2,349 348,215.76
0.10 SO SOUTHERN CO/THE 2829601 80.96 4,248 343,918.08
0.10 GDDY GODADDY INC - CLASS A BWFRFC6 199.34 1,719 342,665.46
0.10 SNA SNAP-ON INC 2818740 334.58 1,017 340,267.86
0.09 DUK DUKE ENERGY CORP B7VD3F2 106.37 3,115 331,342.55
0.09 WRB WR BERKLEY CORP 2093644 57.22 5,713 326,897.86
0.09 PKG PACKAGING CORP OF AMERICA 2504566 227.08 1,418 321,999.44
0.09 MCK MCKESSON CORP 2378534 580.43 552 320,397.36
0.09 ORI OLD REPUBLIC INTL CORP 2659109 34.06 9,400 320,164.00
0.09 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 456.45 695 317,232.75
0.09 AME AMETEK INC 2089212 179.43 1,743 312,746.49
0.09 MA MASTERCARD INC - A B121557 511.93 605 309,717.65
0.08 VRSN VERISIGN INC 2142922 210.68 1,391 293,055.88
0.08 NOC NORTHROP GRUMMAN CORP 2648806 455.14 635 289,013.90
0.08 ATR APTARGROUP INC 2045247 152.92 1,885 288,254.20
0.08 CAH CARDINAL HEALTH INC 2175672 119.63 2,374 284,001.62
0.08 TJX TJX COMPANIES INC 2989301 120.88 2,329 281,529.52
0.08 VRSK VERISK ANALYTICS INC B4P9W92 273.00 1,030 281,190.00
0.08 CB CHUBB LTD B3BQMF6 267.31 1,046 279,606.26
0.08 ED CONSOLIDATED EDISON INC 2216850 88.37 3,150 278,365.50
0.08 FI FISERV INC 2342034 205.63 1,335 274,516.05
0.08 HIG HARTFORD FINL SV 2476193 108.65 2,505 272,168.25
0.08 XOM EXXON MOBIL CORP 2326618 107.74 2,501 269,457.74
0.08 L LOEWS CORP 2523022 82.37 3,269 269,267.53
0.07 K KELLANOVA 2486813 81.22 3,270 265,589.40
0.07 ROP ROPER TECHNOLOGIES INC 2749602 507.10 515 261,156.50
0.07 HON HONEYWELL INTL 2020459 221.74 1,169 259,214.06
0.07 INGR INGREDION INC B7K24P7 134.07 1,930 258,755.10
0.07 DGX QUEST DIAGNOSTICS INC 2702791 152.27 1,681 255,965.87
0.07 UNH UNITEDHEALTH GROUP INC 2917766 513.67 497 255,293.99
0.07 CL COLGATE-PALMOLIVE CO 2209106 87.54 2,901 253,953.54
0.07 ECL ECOLAB INC 2304227 231.38 1,089 251,972.82
0.07 AJG ARTHUR J GALLAGHER & CO 2359506 276.42 908 250,989.36
0.07 ATO ATMOS ENERGY CORP 2315359 136.51 1,831 249,949.81
0.07 CVX CHEVRON CORP 2838555 147.26 1,696 249,752.96
0.07 WELL WELLTOWER INC BYVYHH4 124.05 1,981 245,743.05
0.07 BDX BECTON DICKINSON AND CO 2087807 230.70 1,058 244,080.60
0.07 AMGN AMGEN INC 2023607 258.59 935 241,781.65
0.07 KMB KIMBERLY-CLARK CORP 2491839 126.12 1,909 240,763.08
0.07 AKAM AKAMAI TECHNOLOGIES INC 2507457 93.39 2,567 239,732.13
0.07 CI THE CIGNA GROUP BHJ0775 279.66 857 239,668.62
0.07 PNW PINNACLE WEST CAPITAL 2048804 83.09 2,863 237,886.67
0.07 VRTX VERTEX PHARM 2931034 402.49 585 235,456.65
0.07 FE FIRSTENERGY CORP 2100920 39.27 5,951 233,695.77
0.07 HOLX HOLOGIC INC 2433530 73.77 3,123 230,383.71
0.06 MDLZ MONDELEZ INTER-A B8CKK03 58.22 3,777 219,896.94
0.05 REGN REGENERON PHARMACEUTICALS 2730190 716.26 255 182,646.30
0.00 CASH 1.00 -10,605 -10,605.19
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 12/31/24

Sector Weight (%)
Financials 24.4
Industrials 12.1
Health Care 11.1
Information Technology 10.9
Consumer Staples 9.9
Communication Services 9.4
Consumer Discretionary 7.8
Materials 5.9
Energy 5.5
Real Estate 2.0
Utilities 1.1

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Financial Services 11.8
Banks 8.7
Capital Goods 6.9
Materials 5.9
Health Care Equipment & Services 5.9
Technology Hardware & Equipment 5.7
Energy 5.5
Telecommunication Services 5.3
Commercial & Professional Services 5.3
Pharmaceuticals, Biotechnology & Life Sciences 5.2
Food, Beverage & Tobacco 5.0
Other 28.8

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 01/06/25

Return on Equity 14.30%
Weighted Avg. Market Cap 114,609 M
2023 2024
Price-to-earnings 12.56 12.78
Price-to-book value 1.91 1.75

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 12/31/24

Versus Beta
S&P 500 0.78
NASDAQ-100 0.48
MSCI EAFE 0.71
MSCI Emg. Mkts 0.41
Standard Deviation 16.00%

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 11/30, AUSF was rated against the following numbers of Mid-Cap Value funds over the following time periods: 390 during the last 3 years, 372 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.

© 2024 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.