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AUSF

Adaptive U.S. Factor ETF

Morningstar Rating™ - Overall rating out of 385 Mid-Cap Value funds, based on risk-adjusted returns as of 01/31/2025

 

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 03/06/25

Inception Date 08/24/18
Total Expense Ratio 0.27%
Net Assets $446.02 million
NAV $42.97
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 03/05/25

Ticker AUSF
Bloomberg Index Ticker AWSUSF
CUSIP 37954Y574
ISIN US37954Y5740
Primary Exchange NYSE Arca
Shares Outstanding 10,380,002
Number of Holdings 193
30-Day Median Bid-Ask Spread 0.23%

Distributions As of 03/06/25

30-Day SEC Yield 2.56%
Distribution Frequency Quarterly

ETF Prices As of 03/06/25

NAV $42.97 Daily Change -$0.11 -0.26%
Market Price $42.91 Daily Change -$0.29 -0.67%

Performance History

As of recent
(12/31/24)
As of recent
(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 15.53% 15.25% 15.90%
3 Years 15.86% 15.83% 16.24%
5 Years 16.59% 16.54% 16.98%
Since Inception 12.30% 12.27% 12.67%
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 5.07% 4.97% 5.14%
1 Month 1.21% 0.91% 1.25%
3 Months -1.49% -1.59% -1.43%
Since Inception 113.02% 112.67% 117.62%

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 03/06/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.32 T AT&T INC 2831811 26.73 387,852 10,367,283.96
2.04 VZ VERIZON COMMUNIC 2090571 44.23 206,958 9,153,752.34
1.85 TMUS T-MOBILE US INC B94Q9V0 262.95 31,437 8,266,359.15
1.67 RSG REPUBLIC SERVICES INC 2262530 231.49 32,282 7,472,960.18
1.66 CME CME GROUP INC 2965839 252.79 29,379 7,426,717.41
1.64 BRK/B BERKSHIRE HATH-B 2073390 497.84 14,787 7,361,560.08
1.63 V VISA INC-CLASS A SHARES B2PZN04 344.16 21,196 7,294,815.36
1.59 ICE INTERCONTINENTAL BFSSDS9 169.65 41,956 7,117,835.40
1.58 RTX RTX CORPORATION BM5M5Y3 128.28 55,147 7,074,257.16
1.58 CSCO CISCO SYSTEMS INC 2198163 63.41 111,296 7,057,279.36
1.57 COR CENCORA INC 2795393 253.77 27,747 7,041,356.19
1.56 MMC MARSH & MCLENNAN COS 2567741 236.41 29,550 6,985,915.50
1.55 WMT WALMART INC 2936921 94.64 73,494 6,955,472.16
1.55 K KELLANOVA 2486813 82.43 84,020 6,925,768.60
1.54 BSX BOSTON SCIENTIFIC CORP 2113434 100.80 68,382 6,892,905.60
1.51 ADP AUTOMATIC DATA PROCESSING 2065308 302.46 22,339 6,756,653.94
1.51 JNJ JOHNSON & JOHNSON 2475833 165.83 40,677 6,745,466.91
1.49 EDR ENDEAVOR GROUP-A BJQ05Y5 28.85 230,684 6,655,233.40
1.48 WM WASTE MANAGEMENT INC 2937667 225.96 29,365 6,635,315.40
1.47 ACI ALBERTSONS COS-A BYNQ369 20.97 313,172 6,567,216.84
1.45 LIN LINDE PLC BNZHB81 466.16 13,922 6,489,879.52
1.42 JNPR JUNIPER NETWORKS INC 2431846 36.06 176,824 6,376,273.44
1.42 LMT LOCKHEED MARTIN CORP 2522096 461.50 13,734 6,338,241.00
1.38 DOX AMDOCS LTD 2256908 88.47 69,667 6,163,439.49
1.31 GD GENERAL DYNAMICS CORP 2365161 264.55 22,155 5,861,105.25
1.22 EA ELECTRONIC ARTS INC 2310194 136.79 39,911 5,459,425.69
1.20 KO COCA-COLA CO/THE 2206657 70.46 76,400 5,383,144.00
1.01 MRK MERCK & CO. INC. 2778844 94.00 48,106 4,521,964.00
1.00 CBOE CBOE GLOBAL MARKETS INC B5834C5 213.00 20,961 4,464,693.00
0.98 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 423.31 10,341 4,377,448.71
0.78 MCD MCDONALD'S CORP 2550707 310.37 11,284 3,502,215.08
0.66 MO ALTRIA GROUP INC 2692632 57.01 51,748 2,950,153.48
0.64 UNM UNUM GROUP 2433842 79.46 36,105 2,868,903.30
0.63 CVS CVS HEALTH CORP 2577609 65.25 43,128 2,814,102.00
0.59 WPC WP CAREY INC B826YT8 63.96 41,435 2,650,182.60
0.59 FOXA FOX CORP - CLASS A BJJMGL2 55.37 47,480 2,628,967.60
0.58 LBRDK LIBERTY BROADBAND-C BRTLC06 87.39 29,549 2,582,287.11
0.57 NXST Nexstar Media Group Inc 2949758 172.59 14,771 2,549,326.89
0.57 RPRX ROYALTY PHARMA PLC- CL A BMVP7Y0 33.28 75,978 2,528,547.84
0.56 TSN TYSON FOODS INC-CL A 2909730 60.53 41,099 2,487,722.47
0.56 UGI UGI CORP 2910118 32.84 75,605 2,482,868.20
0.55 VICI VICI PROPERTIES INC BYWH073 31.97 77,606 2,481,063.82
0.55 LNC LINCOLN NATIONAL CORP 2516378 35.81 69,127 2,475,437.87
0.55 TAP MOLSON COORS-B B067BM3 59.40 41,643 2,473,594.20
0.55 WU WESTERN UNION CO B1F76F9 11.06 222,738 2,463,482.28
0.54 KHC KRAFT HEINZ CO/THE BYRY499 30.88 78,619 2,427,754.72
0.54 KMI KINDER MORGAN INC B3NQ4P8 26.31 92,101 2,423,177.31
0.54 MDT MEDTRONIC PLC BTN1Y11 93.13 26,016 2,422,870.08
0.54 STWD STARWOOD PROPERT B3PQ520 20.06 120,213 2,411,472.78
0.54 EMN EASTMAN CHEMICAL CO 2298386 96.94 24,794 2,403,530.36
0.53 AGNC AGNC INVESTMENT CORP BYYHJL8 10.14 235,357 2,386,519.98
0.53 RITM RITHM CAPITAL CORP BRJ9GW0 11.72 202,960 2,378,691.20
0.53 BIIB BIOGEN INC 2455965 147.37 16,004 2,358,509.48
0.52 CAG CONAGRA BRANDS INC 2215460 25.98 90,292 2,345,786.16
0.52 X UNITED STATES STEEL CORP 2824770 37.19 62,662 2,330,399.78
0.52 BEN FRANKLIN RESOURCES INC 2350684 20.06 115,004 2,306,980.24
0.52 DTM DT MIDSTREAM INC BN7L880 89.65 25,703 2,304,273.95
0.51 LEA LEAR CORP B570P91 94.95 24,208 2,298,549.60
0.51 EG EVEREST GROUP LTD 2556868 363.54 6,282 2,283,758.28
0.51 BR BROADRIDGE FINL B1VP7R6 237.84 9,550 2,271,372.00
0.51 AM ANTERO MIDSTREAM CORP BJBT0Q4 16.29 138,749 2,260,221.21
0.50 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 75.91 29,642 2,250,124.22
0.50 AL AIR LEASE CORP B3XS562 46.30 48,573 2,248,929.90
0.50 CMCSA COMCAST CORP-CLASS A 2044545 36.27 61,576 2,233,361.52
0.50 ESNT ESSENT GROUP LTD BFWGXR8 55.79 39,720 2,215,978.80
0.49 IPG INTERPUBLIC GRP 2466321 27.33 81,006 2,213,893.98
0.49 SON SONOCO PRODUCTS CO 2821395 46.90 47,143 2,211,006.70
0.49 CTRE CARETRUST REIT INC BMP8TL6 25.51 86,330 2,202,278.30
0.49 NOV NOV INC BN2RYW9 14.35 153,060 2,196,411.00
0.49 MTG MGIC INVESTMENT CORP 2548616 23.62 92,892 2,194,109.04
0.49 F FORD MOTOR CO 2615468 9.61 227,827 2,189,417.47
0.49 BG BUNGE GLOBAL SA BQ6BPG9 74.65 29,328 2,189,335.20
0.49 AFG AMER FINL GROUP 2134532 127.98 17,024 2,178,731.52
0.49 RDN RADIAN GROUP INC 2173911 31.64 68,788 2,176,452.32
0.49 ADM ARCHER-DANIELS-MIDLAND CO 2047317 48.06 45,226 2,173,561.56
0.49 RNR RENAISSANCERE 2728429 243.20 8,925 2,170,560.00
0.49 KBH KB HOME 2485070 64.43 33,673 2,169,551.39
0.48 PRU PRUDENTIAL FINANCIAL INC 2819118 110.14 19,476 2,145,086.64
0.48 BBY BEST BUY CO INC 2094670 78.60 27,230 2,140,278.00
0.48 OGN ORGANON & CO BLDC8J4 14.86 143,983 2,139,587.38
0.48 HII HUNTINGTON INGAL B40SSC9 193.93 11,031 2,139,241.83
0.48 CNC CENTENE CORP 2807061 59.45 35,972 2,138,535.40
0.48 MTH MERITAGE HOMES CORP 2601326 76.69 27,847 2,135,586.43
0.48 THC TENET HEALTHCARE CORP B8DMK08 125.44 16,996 2,131,978.24
0.48 CMA COMERICA INC 2212870 58.46 36,453 2,131,042.38
0.47 PB PROSPERITY BANCSHARES INC 2310257 72.84 29,004 2,112,651.36
0.47 BWA BORGWARNER INC 2111955 29.37 71,879 2,111,086.23
0.47 UBSI UNITED BANKSHARES INC 2905794 35.23 59,644 2,101,258.12
0.47 DOW DOW INC BHXCF84 37.44 55,981 2,095,928.64
0.47 BKR BAKER HUGHES CO BDHLTQ5 41.90 49,884 2,090,139.60
0.47 SNX TD SYNNEX CORP 2002554 129.32 16,154 2,089,035.28
0.46 M MACY'S INC 2345022 13.22 156,513 2,069,101.86
0.46 HPQ HP INC BYX4D52 29.97 68,969 2,067,000.93
0.46 AVT AVNET INC 2066505 49.15 41,993 2,063,955.95
0.46 RF REGIONS FINANCIAL CORP B01R311 21.95 93,959 2,062,400.05
0.46 LAD LITHIA MOTORS INC 2515030 311.67 6,611 2,060,450.37
0.46 CFG CITIZENS FINANCIAL GROUP BQRX1X3 42.37 48,592 2,058,843.04
0.46 HOG HARLEY-DAVIDSON INC 2411053 25.46 80,860 2,058,695.60
0.46 TFC TRUIST FINANCIAL CORP BKP7287 42.24 48,613 2,053,413.12
0.46 HBAN HUNTINGTON BANCSHARES INC 2445966 15.13 135,535 2,050,644.55
0.46 ELAN ELANCO ANIMAL HEALTH INC BF5L3T2 10.83 188,842 2,045,158.86
0.46 GM GENERAL MOTORS CO B665KZ5 47.08 43,314 2,039,223.12
0.45 SLG SL GREEN REALTY CORP BPGKM57 59.81 34,013 2,034,317.53
0.45 MOS MOSAIC CO/THE B3NPHP6 24.72 82,192 2,031,786.24
0.45 ARW ARROW ELECTRONICS INC 2051404 105.88 19,172 2,029,931.36
0.45 FNB FNB CORP 2041308 13.78 146,950 2,024,971.00
0.45 OZK BANK OZK BZ56Q65 44.83 44,831 2,009,773.73
0.45 WBS WEBSTER FINANCIAL CORP 2945143 51.71 38,528 1,992,282.88
0.44 COLB COLUMBIA BANKING 2176608 24.97 79,422 1,983,167.34
0.44 ZION ZIONS BANCORP NA 2989828 50.33 39,338 1,979,881.54
0.44 C CITIGROUP INC 2297907 70.58 27,975 1,974,475.50
0.44 OMF ONEMAIN HOLDINGS INC BYSZB89 49.32 40,014 1,973,490.48
0.44 KRC KILROY REALTY CORP 2495529 33.03 59,721 1,972,584.63
0.44 VTRS VIATRIS INC BMWS3X9 9.51 205,098 1,950,481.98
0.44 UMBF UMB FINANCIAL CORP 2918510 102.76 18,953 1,947,610.28
0.43 CADE CADENCE BANK BMCS168 30.55 63,631 1,943,927.05
0.43 SIG SIGNET JEWELERS LTD B3CTNK6 50.00 38,487 1,924,350.00
0.43 CHRD CHORD ENERGY CORP BLDDYB1 102.45 18,713 1,917,146.85
0.43 VNOM VIPER ENERGY INC BR1YSF0 41.48 45,975 1,907,043.00
0.40 GAP GAP INC/THE 2360326 19.48 92,735 1,806,477.80
0.40 FANG DIAMONDBACK ENERGY INC B7Y8YR3 139.90 12,863 1,799,533.70
0.39 CE CELANESE CORP B05MZT4 55.22 31,267 1,726,563.74
0.38 PVH PVH CORP B3V9F12 72.41 23,748 1,719,592.68
0.38 FMC FMC CORP 2328603 40.26 41,957 1,689,188.82
0.38 HPE HEWLETT PACKA BYVYWS0 17.96 93,562 1,680,373.52
0.37 SWKS SKYWORKS SOLUTIONS INC 2961053 66.93 24,833 1,662,072.69
0.36 WHR WHIRLPOOL CORP 2960384 93.90 17,301 1,624,563.90
0.35 NE NOBLE CORP PLC BN2QTL0 23.00 68,897 1,584,631.00
0.35 ACHC ACADIA HEALTHCARE CO INC B65VZ37 29.91 51,616 1,543,834.56
0.33 YUM YUM! BRANDS INC 2098876 159.26 9,221 1,468,536.46
0.32 CIVI CIVITAS RESOURCES INC BMG9GG2 32.68 43,789 1,431,024.52
0.21 OTHER PAYABLE & RECEIVABLES 1.00 948,404 948,404.20
0.21 PGR PROGRESSIVE CORP 2705024 281.17 3,325 934,890.25
0.19 PG PROCTER & GAMBLE CO/THE 2704407 174.66 4,918 858,977.88
0.18 ABBV ABBVIE INC B92SR70 210.75 3,863 814,127.25
0.16 COST COSTCO WHOLESALE CORP 2701271 1,026.62 680 698,101.60
0.15 TW TRADEWEB MARKE-A BJXMVK2 132.83 4,935 655,516.05
0.14 SNA SNAP-ON INC 2818740 334.34 1,837 614,182.58
0.14 KR KROGER CO 2497406 63.78 9,533 608,014.74
0.12 GRMN GARMIN LTD B3Z5T14 221.91 2,451 543,901.41
0.11 AFL AFLAC INC 2026361 107.95 4,452 480,593.40
0.11 SO SOUTHERN CO/THE 2829601 88.72 5,414 480,330.08
0.11 MCK MCKESSON CORP 2378534 641.69 736 472,283.84
0.10 AAPL APPLE INC 2046251 235.33 1,942 457,010.86
0.10 WMB WILLIAMS COS INC 2967181 54.61 8,361 456,594.21
0.10 DUK DUKE ENERGY CORP B7VD3F2 114.84 3,971 456,029.64
0.10 VRSN VERISIGN INC 2142922 239.94 1,894 454,446.36
0.10 WRB WR BERKLEY CORP 2093644 62.17 7,246 450,483.82
0.10 MA MASTERCARD INC - A B121557 549.82 816 448,653.12
0.10 ORI OLD REPUBLIC INTL CORP 2659109 37.76 11,881 448,626.56
0.09 ED CONSOLIDATED EDISON INC 2216850 100.91 4,002 403,841.82
0.09 ROP ROPER TECHNOLOGIES INC 2749602 588.29 686 403,566.94
0.09 NOC NORTHROP GRUMMAN CORP 2648806 475.20 847 402,494.40
0.09 CAH CARDINAL HEALTH INC 2175672 127.01 3,138 398,557.38
0.09 CHE CHEMED CORP 2190084 594.35 669 397,620.15
0.09 VRSK VERISK ANALYTICS INC B4P9W92 295.36 1,339 395,487.04
0.09 AMGN AMGEN INC 2023607 317.82 1,244 395,368.08
0.09 FI FISERV INC 2342034 219.95 1,780 391,511.00
0.09 AJG ARTHUR J GALLAGHER & CO 2359506 339.20 1,131 383,635.20
0.09 IBM IBM 2005973 248.69 1,528 379,998.32
0.09 DGX QUEST DIAGNOSTICS INC 2702791 171.67 2,205 378,532.35
0.08 GDDY GODADDY INC - CLASS A BWFRFC6 172.13 2,185 376,104.05
0.08 CL COLGATE-PALMOLIVE CO 2209106 93.29 4,015 374,559.35
0.08 PKG PACKAGING CORP OF AMERICA 2504566 203.80 1,836 374,176.80
0.08 WELL WELLTOWER INC BYVYHH4 148.97 2,499 372,276.03
0.08 PNW PINNACLE WEST CAPITAL 2048804 90.76 4,099 372,025.24
0.08 CI THE CIGNA GROUP BHJ0775 315.63 1,166 368,024.58
0.08 AON AON PLC-CLASS A BLP1HW5 401.60 909 365,054.40
0.08 AME AMETEK INC 2089212 184.14 1,975 363,676.50
0.08 WEC WEC ENERGY GROUP INC BYY8XK8 103.80 3,498 363,092.40
0.08 AEP AMERICAN ELECTRIC POWER 2026242 102.59 3,502 359,270.18
0.08 TJX TJX COMPANIES INC 2989301 120.65 2,968 358,089.20
0.08 ECL ECOLAB INC 2304227 266.25 1,338 356,242.50
0.08 ATR APTARGROUP INC 2045247 151.15 2,353 355,655.95
0.08 HIG HARTFORD INSURANCE GROUP 2476193 116.69 3,041 354,854.29
0.08 CVX CHEVRON CORP 2838555 152.95 2,314 353,926.30
0.08 TRV TRAVELERS COS INC/THE 2769503 256.02 1,380 353,307.60
0.08 CMS CMS ENERGY CORP 2219224 71.64 4,916 352,182.24
0.08 XOM EXXON MOBIL CORP 2326618 107.62 3,261 350,948.82
0.08 CB CHUBB LTD B3BQMF6 286.29 1,220 349,273.80
0.08 L LOEWS CORP 2523022 84.88 4,023 341,472.24
0.08 ATO ATMOS ENERGY CORP 2315359 146.35 2,332 341,288.20
0.08 EVRG EVERGY INC BFMXGR0 65.73 5,158 339,035.34
0.08 PPL PPL CORP 2680905 33.89 10,002 338,967.78
0.08 CHD CHURCH & DWIGHT CO INC 2195841 110.89 3,048 337,992.72
0.08 NI NISOURCE INC 2645409 38.59 8,699 335,694.41
0.08 WTW WILLIS TOWERS WATSON PLC BDB6Q21 330.43 1,013 334,725.59
0.07 ETR ENTERGY CORP 2317087 81.18 3,957 321,229.26
0.07 INGR INGREDION INC B7K24P7 131.04 2,426 317,903.04
0.07 FE FIRSTENERGY CORP 2100920 38.27 8,301 317,679.27
0.07 HON HONEYWELL INTL 2020459 211.26 1,478 312,242.28
0.07 BDX BECTON DICKINSON AND CO 2087807 225.34 1,367 308,039.78
0.06 HOLX HOLOGIC INC 2433530 62.50 4,546 284,125.00
0.06 LDOS LEIDOS HOLDINGS INC BDV82B8 133.06 2,011 267,583.66
0.03 CASH 1.00 136,516 136,516.25
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 03/05/25

Return on Equity 14.20%
Weighted Avg. Market Cap 122,691 M
2024 2025
Price-to-earnings 12.92 12.50
Price-to-book value 1.86 1.70

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 02/28/25

Versus Beta
S&P 500 0.79
NASDAQ-100 0.48
MSCI EAFE 0.69
MSCI Emg. Mkts 0.40
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 1/31, AUSF was rated against the following numbers of Mid-Cap Value funds over the following time periods: 385 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.