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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 04/01/25

Inception Date 08/24/18
Total Expense Ratio 0.27%
Net Assets $465.70 million
NAV $43.60
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 04/01/25

Ticker AUSF
Bloomberg Index Ticker AWSUSF
CUSIP 37954Y574
ISIN US37954Y5740
Primary Exchange NYSE Arca
Shares Outstanding 10,680,002
Number of Holdings 192
30-Day Median Bid-Ask Spread 0.26%

Distributions As of 04/01/25

30-Day SEC Yield 2.66%
Distribution Frequency Quarterly

ETF Prices As of 04/01/25

NAV $43.60 Daily Change -$0.01 -0.02%
Market Price $43.67 Daily Change $0.02 0.05%

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 04/01/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.48 T AT&T INC 2831811 28.48 409,207 11,654,215.36
2.10 VZ VERIZON COMMUNIC 2090571 45.38 218,351 9,908,768.38
1.89 TMUS T-MOBILE US INC B94Q9V0 268.54 33,180 8,910,157.20
1.77 BRK/B BERKSHIRE HATH-B 2073390 532.99 15,592 8,310,380.08
1.76 RSG REPUBLIC SERVICES INC 2262530 243.14 34,075 8,284,995.50
1.73 CME CME GROUP INC 2965839 262.24 31,010 8,132,062.40
1.72 COR CENCORA INC 2795393 277.41 29,271 8,120,068.11
1.65 V VISA INC-CLASS A SHARES B2PZN04 346.35 22,376 7,749,927.60
1.64 RTX RTX CORPORATION BM5M5Y3 132.85 58,192 7,730,807.20
1.62 MMC MARSH & MCLENNAN COS 2567741 244.00 31,188 7,609,872.00
1.61 ICE ITC EXCHANGE BFSSDS9 171.49 44,273 7,592,376.77
1.57 ACI ALBERTSONS COS-A BYNQ369 22.39 330,455 7,398,887.45
1.55 K KELLANOVA 2486813 82.50 88,650 7,313,625.00
1.55 BSX BOSTON SCIENTIFIC CORP 2113434 101.24 72,157 7,305,174.68
1.54 CSCO CISCO SYSTEMS INC 2198163 61.80 117,443 7,257,977.40
1.54 WM WASTE MANAGEMENT INC 2937667 233.79 30,996 7,246,554.84
1.54 ADP AUTOMATIC DATA PROCESSING 2065308 306.54 23,581 7,228,519.74
1.46 WMT WALMART INC 2936921 88.83 77,550 6,888,766.50
1.46 LIN LINDE PLC BNZHB81 467.09 14,705 6,868,558.45
1.43 JNPR JUNIPER NETWORKS INC 2431846 36.14 186,591 6,743,398.74
1.42 DOX AMDOCS LTD 2256908 91.01 73,511 6,690,236.11
1.40 JNJ JOHNSON & JOHNSON 2475833 153.25 42,929 6,578,869.25
1.38 LMT LOCKHEED MARTIN CORP 2522096 448.64 14,483 6,497,653.12
1.36 GD GENERAL DYNAMICS CORP 2365161 274.14 23,392 6,412,682.88
1.30 EA ELECTRONIC ARTS INC 2310194 145.67 42,121 6,135,766.07
1.23 KO COCA-COLA CO/THE 2206657 71.87 80,638 5,795,453.06
1.06 CBOE CBOE GLOBAL MARKETS INC B5834C5 225.04 22,109 4,975,409.36
1.01 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 435.99 10,910 4,756,650.90
0.94 MRK MERCK & CO. INC. 2778844 87.12 50,773 4,423,343.76
0.79 MCD MCDONALD'S CORP 2550707 313.63 11,908 3,734,706.04
0.68 MO ALTRIA GROUP INC 2692632 58.79 54,640 3,212,285.60
0.66 UNM UNUM GROUP 2433842 82.00 38,105 3,124,610.00
0.66 CVS CVS HEALTH CORP 2577609 67.98 45,531 3,095,197.38
0.59 FOXA FOX CORP - CLASS A BJJMGL2 55.82 50,114 2,797,363.48
0.59 X UNITED STATES STEEL CORP 2824770 42.17 66,157 2,789,840.69
0.59 NXST Nexstar Media Group Inc 2949758 178.76 15,586 2,786,153.36
0.59 KMI KINDER MORGAN INC B3NQ4P8 28.63 97,249 2,784,238.87
0.59 WPC WP CAREY INC B826YT8 63.03 43,820 2,761,974.60
0.58 TSN TYSON FOODS INC-CL A 2909730 63.11 43,395 2,738,658.45
0.57 TAP MOLSON COORS-B B067BM3 61.24 43,978 2,693,212.72
0.57 AM ANTERO MIDSTREAM CORP BJBT0Q4 18.27 146,521 2,676,938.67
0.57 UGI UGI CORP 2910118 33.50 79,825 2,674,137.50
0.57 DTM DT MIDSTREAM INC BN7L880 98.08 27,217 2,669,443.36
0.57 LBRDK LIBERTY BROADBAND-C BRTLC06 85.53 31,208 2,669,220.24
0.56 VICI VICI PROPERTIES INC BYWH073 32.44 81,941 2,658,166.04
0.56 LNC LINCOLN NATIONAL CORP 2516378 36.01 73,001 2,628,766.01
0.55 CTRE CARETRUST REIT INC BMP8TL6 28.48 91,150 2,595,952.00
0.54 CAG CONAGRA BRANDS INC 2215460 26.60 95,333 2,535,857.80
0.54 STWD STARWOOD PROPERT B3PQ520 19.85 126,921 2,519,381.85
0.54 KHC KRAFT HEINZ CO/THE BYRY499 30.34 83,013 2,518,614.42
0.53 RPRX ROYALTY PHARMA PLC- CL A BMVP7Y0 31.17 80,213 2,500,239.21
0.53 NOV NOV INC BN2RYW9 15.41 161,637 2,490,826.17
0.53 WU WESTERN UNION CO B1F76F9 10.55 235,989 2,489,683.95
0.53 AL AIR LEASE CORP B3XS562 48.45 51,274 2,484,225.30
0.52 MTG MGIC INVESTMENT CORP 2548616 25.17 98,099 2,469,151.83
0.52 BR BROADRIDGE FINL B1VP7R6 244.72 10,077 2,466,043.44
0.52 RDN RADIAN GROUP INC 2173911 33.85 72,634 2,458,660.90
0.52 RITM RITHM CAPITAL CORP BRJ9GW0 11.43 214,292 2,449,357.56
0.52 ESNT ESSENT GROUP LTD BFWGXR8 58.24 41,950 2,443,168.00
0.52 MDT MEDTRONIC PLC BTN1Y11 88.49 27,459 2,429,846.91
0.52 EG EVEREST GROUP LTD 2556868 365.41 6,631 2,423,033.71
0.51 SIG SIGNET JEWELERS LTD B3CTNK6 59.47 40,656 2,417,812.32
0.51 BG BUNGE GLOBAL SA BQ6BPG9 77.85 30,982 2,411,948.70
0.51 THC TENET HEALTHCARE CORP B8DMK08 133.40 17,963 2,396,264.20
0.51 F FORD MOTOR CO 2615468 9.94 240,595 2,391,514.30
0.51 HII HUNTINGTON INGAL B40SSC9 202.20 11,825 2,391,015.00
0.51 SON SONOCO PRODUCTS CO 2821395 47.93 49,783 2,386,099.19
0.51 AFG AMER FINL GROUP 2134532 132.11 17,992 2,376,923.12
0.50 CMCSA COMCAST CORP-CLASS A 2044545 36.39 65,020 2,366,077.80
0.50 BKR BAKER HUGHES CO BDHLTQ5 44.80 52,683 2,360,198.40
0.50 AGNC AGNC INVESTMENT CORP BYYHJL8 9.49 248,510 2,358,359.90
0.50 BEN FRANKLIN RESOURCES INC 2350684 19.31 121,432 2,344,851.92
0.49 MOS MOSAIC CO/THE B3NPHP6 26.80 86,791 2,325,998.80
0.49 RNR RENAISSANCERE 2728429 245.00 9,428 2,309,860.00
0.49 EMN EASTMAN CHEMICAL CO 2298386 88.08 26,172 2,305,229.76
0.49 ADM ARCHER-DANIELS-MIDLAND CO 2047317 48.21 47,760 2,302,509.60
0.49 PRU PRUDENTIAL FINANCIAL INC 2819118 111.69 20,563 2,296,681.47
0.49 CNC CENTENE CORP 2807061 60.45 37,980 2,295,891.00
0.48 CMA COMERICA INC 2212870 58.20 38,503 2,240,874.60
0.48 LEA LEAR CORP B570P91 87.53 25,574 2,238,492.22
0.47 IPG INTERPUBLIC GRP 2466321 26.12 85,537 2,234,226.44
0.47 BIIB BIOGEN INC 2455965 132.03 16,914 2,233,155.42
0.47 CHRD CHORD ENERGY CORP BLDDYB1 112.63 19,754 2,224,893.02
0.47 VNOM VIPER ENERGY INC BR1YSF0 45.57 48,556 2,212,696.92
0.47 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 70.04 31,307 2,192,742.28
0.47 FANG DIAMONDBACK ENERGY INC B7Y8YR3 160.87 13,600 2,187,832.00
0.46 UBSI UNITED BANKSHARES INC 2905794 34.43 62,982 2,168,470.26
0.46 BWA BORGWARNER INC 2111955 28.54 75,902 2,166,243.08
0.46 PB PROSPERITY BANCSHARES INC 2310257 70.67 30,618 2,163,774.06
0.46 GM GENERAL MOTORS CO B665KZ5 47.26 45,728 2,161,105.28
0.46 OGN ORGANON & CO BLDC8J4 14.13 152,061 2,148,621.93
0.46 RF REGIONS FINANCIAL CORP B01R311 21.57 99,230 2,140,391.10
0.45 HOG HARLEY-DAVIDSON INC 2411053 25.06 85,390 2,139,873.40
0.45 HBAN HUNTINGTON BANCSHARES INC 2445966 14.95 143,116 2,139,584.20
0.45 BBY BEST BUY CO INC 2094670 74.37 28,767 2,139,401.79
0.45 M MACY'S INC 2345022 12.87 165,284 2,127,205.08
0.45 TFC TRUIST FINANCIAL CORP BKP7287 41.02 51,347 2,106,253.94
0.45 AVT AVNET INC 2066505 47.47 44,350 2,105,294.50
0.44 ARW ARROW ELECTRONICS INC 2051404 103.22 20,259 2,091,133.98
0.44 MTH MERITAGE HOMES CORP 2601326 71.08 29,401 2,089,823.08
0.44 C CITIGROUP INC 2297907 70.54 29,531 2,083,116.74
0.44 FNB FNB CORP 2041308 13.42 155,199 2,082,770.58
0.44 CFG CITIZENS FINANCIAL GROUP BQRX1X3 40.59 51,298 2,082,185.82
0.44 SLG SL GREEN REALTY CORP BPGKM57 57.98 35,909 2,082,003.82
0.44 GAP GAP INC/THE 2360326 21.22 98,086 2,081,384.92
0.44 COLB COLUMBIA BANKING 2176608 24.75 83,889 2,076,252.75
0.44 KBH KB HOME 2485070 58.37 35,568 2,076,104.16
0.44 OMF ONEMAIN HOLDINGS INC BYSZB89 49.07 42,259 2,073,649.13
0.44 KRC KILROY REALTY CORP 2495529 32.86 63,062 2,072,217.32
0.44 LAD LITHIA MOTORS INC 2515030 296.83 6,972 2,069,498.76
0.44 WBS WEBSTER FINANCIAL CORP 2945143 50.73 40,697 2,064,558.81
0.44 ELAN ELANCO ANIMAL HEALTH INC BF5L3T2 10.35 199,448 2,064,286.80
0.44 ZION ZIONS BANCORP NA 2989828 49.48 41,530 2,054,904.40
0.44 OZK BANK OZK BZ56Q65 43.38 47,350 2,054,043.00
0.44 DOW DOW INC BHXCF84 34.61 59,125 2,046,316.25
0.43 CADE CADENCE BANK BMCS168 30.41 67,196 2,043,430.36
0.43 HPQ HP INC BYX4D52 27.79 72,828 2,023,890.12
0.43 UMBF UMB FINANCIAL CORP 2918510 100.53 20,031 2,013,716.43
0.41 PVH PVH CORP B3V9F12 76.43 25,120 1,919,921.60
0.40 FMC FMC CORP 2328603 42.15 44,394 1,871,207.10
0.40 VTRS VIATRIS INC BMWS3X9 8.60 216,611 1,862,854.60
0.39 CE CELANESE CORP B05MZT4 55.68 33,086 1,842,228.48
0.38 NE NOBLE CORP PLC BN2QTL0 24.46 72,882 1,782,693.72
0.38 SNX TD SYNNEX CORP 2002554 103.85 17,060 1,771,681.00
0.36 SWKS SKYWORKS SOLUTIONS INC 2961053 64.62 26,268 1,697,438.16
0.35 WHR WHIRLPOOL CORP 2960384 91.16 18,301 1,668,319.16
0.35 ACHC ACADIA HEALTHCARE CO INC B65VZ37 29.93 54,603 1,634,267.79
0.34 CIVI CIVITAS RESOURCES INC BMG9GG2 34.28 46,333 1,588,295.24
0.33 YUM YUM! BRANDS INC 2098876 158.92 9,757 1,550,582.44
0.33 HPE HEWLETT PACKA BYVYWS0 15.64 98,976 1,547,984.64
0.21 PGR PROGRESSIVE CORP 2705024 284.29 3,439 977,673.31
0.19 PG PROCTER & GAMBLE CO/THE 2704407 170.56 5,298 903,626.88
0.18 ABBV ABBVIE INC B92SR70 206.27 4,155 857,051.85
0.16 TW TRADEWEB MARKE-A BJXMVK2 147.95 5,125 758,243.75
0.15 KR KROGER CO 2497406 68.14 10,276 700,206.64
0.15 COST COSTCO WHOLESALE CORP 2701271 954.40 718 685,259.20
0.14 SNA SNAP-ON INC 2818740 339.58 1,913 649,616.54
0.13 OTHER PAYABLE & RECEIVABLES 1.00 595,320 595,319.51
0.12 GRMN GARMIN LTD B3Z5T14 217.57 2,685 584,175.45
0.12 AFL AFLAC INC 2026361 112.45 4,848 545,157.60
0.11 WRB WR BERKLEY CORP 2093644 70.25 7,512 527,718.00
0.11 WMB WILLIAMS COS INC 2967181 60.57 8,665 524,839.05
0.11 MCK MCKESSON CORP 2378534 673.69 774 521,436.06
0.11 SO SOUTHERN CO/THE 2829601 91.82 5,604 514,559.28
0.11 VRSN VERISIGN INC 2142922 254.98 1,970 502,310.60
0.11 DUK DUKE ENERGY CORP B7VD3F2 121.07 4,123 499,171.61
0.10 ORI OLD REPUBLIC INTL CORP 2659109 39.62 12,337 488,791.94
0.10 MA MASTERCARD INC - A B121557 548.51 854 468,427.54
0.10 ED CONSOLIDATED EDISON INC 2216850 110.06 4,154 457,189.24
0.10 NOC NORTHROP GRUMMAN CORP 2648806 513.10 885 454,093.50
0.10 AAPL APPLE INC 2046251 223.19 2,018 450,397.42
0.10 CAH CARDINAL HEALTH INC 2175672 137.13 3,252 445,946.76
0.09 VRSK VERISK ANALYTICS INC B4P9W92 298.61 1,472 439,553.92
0.09 CHE CHEMED CORP 2190084 618.56 707 437,321.92
0.09 WELL WELLTOWER INC BYVYHH4 154.15 2,777 428,074.55
0.09 ROP ROPER TECHNOLOGIES INC 2749602 590.78 724 427,724.72
0.09 WTW WILLIS TOWERS WATSON PLC BDB6Q21 337.00 1,256 423,272.00
0.09 ECL ECOLAB INC 2304227 254.27 1,652 420,054.04
0.09 FI FISERV INC 2342034 222.01 1,856 412,050.56
0.09 CMS CMS ENERGY CORP 2219224 75.14 5,462 410,414.68
0.09 GDDY GODADDY INC - CLASS A BWFRFC6 180.72 2,261 408,607.92
0.09 CB CHUBB LTD B3BQMF6 301.40 1,351 407,191.40
0.09 PNW PINNACLE WEST CAPITAL 2048804 95.28 4,251 405,035.28
0.09 INGR INGREDION INC B7K24P7 135.96 2,979 405,024.84
0.09 CVX CHEVRON CORP 2838555 168.51 2,390 402,738.90
0.09 AJG ARTHUR J GALLAGHER & CO 2359506 343.86 1,169 401,972.34
0.09 XOM EXXON MOBIL CORP 2326618 119.04 3,375 401,760.00
0.09 PPL PPL CORP 2680905 36.06 11,135 401,528.10
0.09 IBM IBM 2005973 250.34 1,594 399,041.96
0.09 EVRG EVERGY INC BFMXGR0 69.01 5,782 399,015.82
0.09 CI THE CIGNA GROUP BHJ0775 331.00 1,204 398,524.00
0.08 AMGN AMGEN INC 2023607 306.92 1,282 393,471.44
0.08 WEC WEC ENERGY GROUP INC BYY8XK8 108.89 3,612 393,310.68
0.08 HIG HARTFORD INSURANCE GROUP 2476193 124.39 3,155 392,450.45
0.08 AEP AMERICAN ELECTRIC POWER 2026242 108.37 3,616 391,865.92
0.08 CL COLGATE-PALMOLIVE CO 2209106 93.90 4,167 391,281.30
0.08 DGX QUEST DIAGNOSTICS INC 2702791 169.28 2,281 386,127.68
0.08 L LOEWS CORP 2523022 92.09 4,175 384,475.75
0.08 PKG PACKAGING CORP OF AMERICA 2504566 199.93 1,912 382,266.16
0.08 TJX TJX COMPANIES INC 2989301 122.72 3,082 378,223.04
0.08 AON AON PLC-CLASS A BLP1HW5 398.81 947 377,673.07
0.08 ETR ENTERGY CORP 2317087 85.66 4,405 377,332.30
0.08 TRV TRAVELERS COS INC/THE 2769503 264.54 1,418 375,117.72
0.08 CHD CHURCH & DWIGHT CO INC 2195841 109.47 3,412 373,511.64
0.08 ATO ATMOS ENERGY CORP 2315359 154.94 2,408 373,095.52
0.08 NI NISOURCE INC 2645409 40.40 9,041 365,256.40
0.08 ATR APTARGROUP INC 2045247 149.10 2,429 362,163.90
0.08 AME AMETEK INC 2089212 171.89 2,051 352,546.39
0.07 FE FIRSTENERGY CORP 2100920 40.40 8,633 348,773.20
0.07 BDX BECTON DICKINSON AND CO 2087807 226.04 1,525 344,711.00
0.07 HON HONEYWELL INTL 2020459 213.45 1,544 329,566.80
0.06 HOLX HOLOGIC INC 2433530 61.38 4,736 290,695.68
0.06 LDOS LEIDOS HOLDINGS INC BDV82B8 134.96 2,087 281,661.52
0.02 CASH 1.00 81,520 81,519.88
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 02/28/25

Sector Weight (%)
Financials 24.9
Communication Services 11.6
Health Care 11.2
Industrials 10.8
Consumer Staples 10.2
Information Technology 9.0
Consumer Discretionary 7.8
Materials 5.3
Energy 5.0
Real Estate 2.7
Utilities 1.7

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Financial Services 12.1
Banks 7.2
Food, Beverage & Tobacco 6.5
Technology Hardware & Equipment 6.4
Telecommunication Services 6.2
Insurance 5.8
Health Care Equipment & Services 5.8
Capital Goods 5.6
Media & Entertainment 5.5
Materials 5.4
Commercial & Professional Services 5.4
Other 28.1

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 04/01/25

Return on Equity 13.80%
Weighted Avg. Market Cap 120,499 M
2024 2025
Price-to-earnings 13.07 12.96
Price-to-book value 1.86 1.71

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.