XTR


S&P 500 Tail Risk ETF

Morningstar Rating™ - Overall rating out of 149 Equity Hedged funds, based on risk-adjusted returns as of 12/31/2024

Reasons to Consider XTR

Growth Potential

XTR offers uncapped exposure to the growth potential1 of the stocks in the S&P 500 Index.

Manage Downside Risk

By buying protective puts, XTR seeks to mitigate significant selloffs of greater than approximately -10% from the purchase of the put to the options’ expiration in three months.

Efficient Options Execution

XTR buys put options on the S&P 500, saving investors the time and potential expense of doing so individually.

1XTR’s growth potential will decrease by the cost of the premiums paid

Key Information As of 01/07/25

Inception Date 08/25/21
Total Expense Ratio 0.25%
Net Assets $2.20 million
NAV $27.54
Fact Sheet View the document

ETF Summary

The Global X S&P 500 Tail Risk ETF (XTR) employs a protective put strategy for investors seeking to buffer against market selloffs. XTR seeks to achieve this outcome by owning the stocks in the S&P 500 Index, coupled with buying 10% out-of-the-money put options2 on the S&P 500 Index.

ETF Objective

The Global X S&P 500 Tail Risk ETF (XTR) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500 Tail Risk Index.

Trading Details As of 01/06/25

Ticker XTR
Bloomberg Index Ticker PPUT3M
CUSIP 37960A107
ISIN US37960A1079
Primary Exchange NYSE Arca
Shares Outstanding 80,000
Number of Holdings 504
30-Day Median Bid-Ask Spread 0.35%

Distributions As of 01/07/25

30-Day SEC Yield 1.25%
Distribution Frequency Semi-Annually

2An out-of-the-money put option conveys the right, but not the obligation, to sell an underlying asset at a strike price below that underlying asset’s market price (learn more)

ETF Prices As of 01/07/25

NAV $27.54 Daily Change -$0.27 -0.97%
Market Price $27.53 Daily Change -$0.29 -1.04%

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 22.08% 22.05% 22.38%
3 Years 6.85% 6.77% 7.33%
Since Inception 7.33% 7.30% 7.88%
1 Year 22.08% 22.05% 22.38%
3 Years 6.85% 6.77% 7.33%
Since Inception 7.33% 7.30% 7.88%
Year-to-Date 22.08% 22.05% 22.38%
1 Month -2.57% -2.61% -2.57%
3 Months 1.57% 1.66% 1.64%
Since Inception 26.76% 26.64% 28.96%
Year-to-Date 22.08% 22.05% 22.38%
1 Month -2.57% -2.61% -2.57%
3 Months 1.57% 1.66% 1.64%
Since Inception 26.76% 26.64% 28.96%

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.

Options Details As of 01/06/25

S&P 500 Price 5,975.38 S&P 500 Mini Price 597.54

Downside Floor Details

Option Positions Notional Exposure Strike Downside Before Floor Expiration Date Calendar Days to Expiry
Long S&P 500 Mini Put Option $418,277 535 -10.47% 03/21/2025 74
Long S&P 500 Put Option $1,792,614 5320 -10.97% 03/21/2025 74

Top Holdings As of 01/07/25

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
7.28 AAPL APPLE INC 2046251 242.21 662 160,343.02
6.83 NVDA NVIDIA CORP 2379504 140.14 1,074 150,510.36
6.25 MSFT MICROSOFT CORP 2588173 422.37 326 137,692.62
4.13 AMZN AMAZON.COM INC 2000019 222.11 410 91,065.10
2.66 META META PLATFORMS INC B7TL820 617.89 95 58,699.55
2.27 GOOGL ALPHABET INC-CL A BYVY8G0 195.49 256 50,045.44
2.18 TSLA TESLA INC B616C79 394.36 122 48,111.92
2.12 AVGO BROADCOM INC BDZ78H9 228.64 204 46,642.56
1.86 GOOG ALPHABET INC-CL C BYY88Y7 196.71 208 40,915.68
1.64 BRK/B BERKSHIRE HATH-B 2073390 452.92 80 36,233.60
1.36 JPM JPMORGAN CHASE & CO 2190385 243.17 123 29,909.91
1.19 LLY ELI LILLY & CO 2516152 773.29 34 26,291.86
1.08 V VISA INC-CLASS A SHARES B2PZN04 311.67 76 23,686.92
0.95 XOM EXXON MOBIL CORP 2326618 108.75 192 20,880.00
0.93 UNH UNITEDHEALTH GROUP INC 2917766 514.25 40 20,570.00
0.84 MA MASTERCARD INC - A B121557 511.40 36 18,410.40
0.80 COST COSTCO WHOLESALE CORP 2701271 921.37 19 17,506.03
0.78 WMT WALMART INC 2936921 90.81 190 17,253.90
0.76 NFLX NETFLIX INC 2857817 879.19 19 16,704.61
0.75 PG PROCTER & GAMBLE CO/THE 2704407 161.30 103 16,613.90
0.75 HD HOME DEPOT INC 2434209 384.23 43 16,521.89
0.70 JNJ JOHNSON & JOHNSON 2475833 146.23 105 15,354.15
0.63 ABBV ABBVIE INC B92SR70 179.53 77 13,823.81
0.62 CRM SALESFORCE INC 2310525 324.93 42 13,647.06
0.61 BAC BANK OF AMERICA CORP 2295677 46.08 291 13,409.28
0.52 ORCL ORACLE CORP 2661568 162.03 70 11,342.10
0.50 MRK MERCK & CO. INC. 2778844 101.02 110 11,112.20
0.50 CVX CHEVRON CORP 2838555 149.59 73 10,920.07
0.47 WFC WELLS FARGO & CO 2649100 71.59 145 10,380.55
0.47 KO COCA-COLA CO/THE 2206657 60.84 169 10,281.96
0.47 CSCO CISCO SYSTEMS INC 2198163 58.93 174 10,253.82
0.45 SPX US 03/21/25 P5320 3,335.00 3 10,005.00
0.44 ACN ACCENTURE PLC-CL A B4BNMY3 356.39 27 9,622.53
0.43 NOW SERVICENOW INC B80NXX8 1,054.15 9 9,487.35
0.42 TMO THERMO FISHER 2886907 545.65 17 9,276.05
0.41 AMD ADVANCED MICRO DEVICES 2007849 127.33 71 9,040.43
0.41 MCD MCDONALD'S CORP 2550707 289.34 31 8,969.54
0.41 IBM IBM 2005973 223.96 40 8,958.40
0.40 DIS WALT DISNEY CO/THE 2270726 111.39 79 8,799.81
0.40 PEP PEPSICO INC 2681511 145.40 60 8,724.00
0.40 LIN LINDE PLC BNZHB81 414.95 21 8,713.95
0.39 ABT ABBOTT LABORATORIES 2002305 113.40 76 8,618.40
0.39 ISRG INTUITIVE SURGICAL INC 2871301 531.88 16 8,510.08
0.38 PM PHILIP MORRIS IN B2PKRQ3 121.40 68 8,255.20
0.37 GS GOLDMAN SACHS GROUP INC 2407966 580.12 14 8,121.68
0.37 GE GE AEROSPACE BL59CR9 172.31 47 8,098.57
0.36 ADBE ADOBE INC 2008154 422.63 19 8,029.97
0.35 QCOM QUALCOMM INC 2714923 160.52 48 7,704.96
0.35 TXN TEXAS INSTRUMENTS INC 2885409 192.21 40 7,688.40
0.35 CAT CATERPILLAR INC 2180201 363.00 21 7,623.00
0.34 INTU INTUIT INC 2459020 615.43 12 7,385.16
0.33 AXP AMERICAN EXPRESS CO 2026082 302.02 24 7,248.48
0.32 VZ VERIZON COMMUNIC 2090571 38.92 183 7,122.36
0.31 T AT&T INC 2831811 22.20 312 6,926.40
0.31 SPGI S&P GLOBAL INC BYV2325 491.35 14 6,878.90
0.31 MS MORGAN STANLEY 2262314 126.88 54 6,851.52
0.30 DHR DANAHER CORP 2250870 239.10 28 6,694.80
0.30 PFE PFIZER INC 2684703 27.13 246 6,673.98
0.30 RTX RTX CORPORATION BM5M5Y3 114.80 58 6,658.40
0.29 AMAT APPLIED MATERIALS INC 2046552 177.82 36 6,401.52
0.28 NEE NEXTERA ENERGY INC 2328915 70.43 89 6,268.27
0.28 PLTR PALANTIR TECHN-A BN78DQ4 69.99 89 6,229.11
0.28 HON HONEYWELL INTL 2020459 220.63 28 6,177.64
0.28 LOW LOWE'S COS INC 2536763 246.57 25 6,164.25
0.28 CMCSA COMCAST CORP-CLASS A 2044545 36.87 166 6,120.42
0.28 PGR PROGRESSIVE CORP 2705024 242.28 25 6,057.00
0.27 C CITIGROUP INC 2297907 73.68 82 6,041.76
0.27 AMGN AMGEN INC 2023607 262.06 23 6,027.38
0.27 UBER UBER TECHNOLOGIES INC BK6N347 66.15 91 6,019.65
0.27 UNP UNION PACIFIC CORP 2914734 230.54 26 5,994.04
0.27 BSX BOSTON SCIENTIFIC CORP 2113434 91.99 64 5,887.36
0.27 TJX TJX COMPANIES INC 2989301 120.14 49 5,886.86
0.27 BLK BLACKROCK INC BMZBBT7 980.76 6 5,884.56
0.27 ETN EATON CORP PLC B8KQN82 343.91 17 5,846.47
0.26 COP CONOCOPHILLIPS 2685717 101.67 56 5,693.52
0.25 BA BOEING CO/THE 2108601 172.51 32 5,520.32
0.24 SYK STRYKER CORP 2853688 355.18 15 5,327.70
0.24 BX BLACKSTONE INC BKF2SL7 171.34 31 5,311.54
0.24 ADP AUTOMATIC DATA PROCESSING 2065308 288.40 18 5,191.20
0.24 ANET ARISTA NETWORKS INC BL9XPM3 115.29 45 5,188.05
0.23 FI FISERV INC 2342034 203.82 25 5,095.50
0.23 BMY BRISTOL-MYERS SQUIBB CO 2126335 57.14 88 5,028.32
0.22 PANW PALO ALTO NETWORKS INC B87ZMX0 175.51 28 4,914.28
0.22 GILD GILEAD SCIENCES INC 2369174 90.63 54 4,894.02
0.22 MU MICRON TECHNOLOGY INC 2588184 101.91 48 4,891.68
0.22 BKNG BOOKING HOLDINGS INC BDRXDB4 4,796.10 1 4,796.10
0.22 ADI ANALOG DEVICES INC 2032067 215.87 22 4,749.14
0.21 SCHW SCHWAB (CHARLES) CORP 2779397 72.26 65 4,696.90
0.21 SBUX STARBUCKS CORP 2842255 92.84 49 4,549.16
0.21 DE DEERE & CO 2261203 413.27 11 4,545.97
0.20 VRTX VERTEX PHARM 2931034 408.32 11 4,491.52
0.20 MDT MEDTRONIC PLC BTN1Y11 79.87 56 4,472.72
0.20 TMUS T-MOBILE US INC B94Q9V0 212.34 21 4,459.04
0.20 GEV GE VERNOVA INC BP6H4Y1 368.52 12 4,422.24
0.20 MMC MARSH & MCLENNAN COS 2567741 209.98 21 4,409.58
0.20 LRCX LAM RESEARCH CORP BSML4N7 77.52 56 4,341.12
0.20 CB CHUBB LTD B3BQMF6 268.76 16 4,300.16
0.19 PLD PROLOGIS INC B44WZD7 106.58 40 4,263.20
0.19 KKR KKR & CO INC BG1FRR1 146.62 29 4,251.98
0.19 LMT LOCKHEED MARTIN CORP 2522096 463.96 9 4,175.64
0.19 KLAC KLA CORP 2480138 689.30 6 4,135.80
0.18 UPS UNITED PARCEL-B 2517382 124.98 32 3,999.36
0.17 PH PARKER HANNIFIN CORP 2671501 635.23 6 3,811.38
0.17 SO SOUTHERN CO/THE 2829601 81.09 47 3,811.23
0.17 ELV ELEVANCE HEALTH INC BSPHGL4 380.75 10 3,807.50
0.17 TT TRANE TECHNOLOGIES PLC BK9ZQ96 379.96 10 3,799.60
0.17 PYPL PAYPAL HOLDINGS INC BYW36M8 87.97 43 3,782.71
0.17 EQIX EQUINIX INC BVLZX12 940.07 4 3,760.28
0.17 MO ALTRIA GROUP INC 2692632 51.46 73 3,756.58
0.17 NKE NIKE INC -CL B 2640147 72.09 52 3,748.68
0.17 INTC INTEL CORP 2463247 20.01 187 3,741.87
0.17 APH AMPHENOL CORP-CL A 2145084 71.46 52 3,715.92
0.17 ICE INTERCONTINENTAL BFSSDS9 146.44 25 3,661.00
0.17 REGN REGENERON PHARMACEUTICALS 2730190 730.30 5 3,651.50
0.17 CME CME GROUP INC 2965839 227.01 16 3,632.16
0.16 CDNS CADENCE DESIGN SYS INC 2302232 301.67 12 3,620.04
0.16 CRWD CROWDSTRIKE HO-A BJJP138 359.93 10 3,599.30
0.16 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,199.72 3 3,599.16
0.16 AMT AMERICAN TOWER CORP B7FBFL2 177.17 20 3,543.40
0.16 DUK DUKE ENERGY CORP B7VD3F2 106.81 33 3,524.73
0.16 CMG CHIPOTLE MEXICAN B0X7DZ3 57.99 59 3,421.41
0.16 SNPS SYNOPSYS INC 2867719 487.62 7 3,413.34
0.15 MDLZ MONDELEZ INTER-A B8CKK03 58.29 58 3,380.82
0.15 CI THE CIGNA GROUP BHJ0775 279.93 12 3,359.16
0.15 SHW SHERWIN-WILLIAMS CO/THE 2804211 334.40 10 3,344.00
0.15 CEG CONSTELLATION ENERGY BMH4FS1 255.63 13 3,323.19
0.15 PNC PNC FINANCIAL SE 2692665 194.77 17 3,311.09
0.15 USB US BANCORP 2736035 48.70 67 3,262.90
0.15 AZO AUTOZONE INC 2065955 3,259.91 1 3,259.91
0.15 WM WASTE MANAGEMENT INC 2937667 203.39 16 3,254.24
0.15 MCO MOODY'S CORP 2252058 464.00 7 3,248.00
0.15 WELL WELLTOWER INC BYVYHH4 124.24 26 3,230.24
0.15 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 455.15 7 3,186.05
0.14 AON AON PLC-CLASS A BLP1HW5 348.44 9 3,135.96
0.14 ZTS ZOETIS INC B95WG16 163.49 19 3,106.31
0.14 APO APOLLO GLOBAL MA BN44JF6 162.45 19 3,086.55
0.14 EOG EOG RESOURCES INC 2318024 127.56 24 3,061.44
0.14 CL COLGATE-PALMOLIVE CO 2209106 87.39 35 3,058.65
0.14 MMM 3M CO 2595708 132.77 23 3,053.71
0.14 EMR EMERSON ELECTRIC CO 2313405 120.68 25 3,017.00
0.14 ITW ILLINOIS TOOL WORKS 2457552 248.59 12 2,983.08
0.13 WMB WILLIAMS COS INC 2967181 55.55 53 2,944.15
0.13 MCK MCKESSON CORP 2378534 585.24 5 2,926.20
0.13 COF CAPITAL ONE FINA 2654461 181.89 16 2,910.24
0.13 APD AIR PRODS & CHEM 2011602 286.33 10 2,863.30
0.13 GD GENERAL DYNAMICS CORP 2365161 259.65 11 2,856.15
0.13 CTAS CINTAS CORP 2197137 188.72 15 2,830.80
0.13 BDX BECTON DICKINSON AND CO 2087807 232.15 12 2,785.80
0.13 TGT TARGET CORP 2259101 139.25 20 2,785.00
0.13 FDX FEDEX CORP 2142784 275.00 10 2,750.00
0.12 NOC NORTHROP GRUMMAN CORP 2648806 452.39 6 2,714.34
0.12 DLR DIGITAL REALTY TRUST INC B03GQS4 179.88 15 2,698.20
0.12 MAR MARRIOTT INTL-A 2210614 269.78 10 2,697.80
0.12 CSX CSX CORP 2160753 32.19 83 2,671.77
0.12 ADSK AUTODESK INC 2065159 290.82 9 2,617.38
0.12 FTNT FORTINET INC B5B2106 95.93 27 2,590.11
0.12 ECL ECOLAB INC 2304227 231.44 11 2,545.84
0.12 OKE ONEOK INC 2130109 101.61 25 2,540.25
0.12 ROP ROPER TECHNOLOGIES INC 2749602 507.10 5 2,535.50
0.12 XSP US 03/21/25 P535 362.00 7 2,534.00
0.11 PCAR PACCAR INC 2665861 109.56 23 2,519.88
0.11 AJG ARTHUR J GALLAGHER & CO 2359506 279.77 9 2,517.93
0.11 TFC TRUIST FINANCIAL CORP BKP7287 43.97 57 2,506.29
0.11 TDG TRANSDIGM GROUP INC B11FJK3 1,252.13 2 2,504.26
0.11 ABNB AIRBNB INC-CLASS A BMGYYH4 131.29 19 2,494.51
0.11 RCL ROYAL CARIBBEAN 2754907 225.33 11 2,478.63
0.11 CVS CVS HEALTH CORP 2577609 45.78 54 2,472.12
0.11 HCA HCA HEALTHCARE INC B4MGBG6 308.21 8 2,465.68
0.11 CARR CARRIER GLOBAL CORP BK4N0D7 68.21 36 2,455.56
0.11 VST Vistra Corp. BZ8VJQ8 163.37 15 2,450.55
0.11 GM GENERAL MOTORS CO B665KZ5 51.98 47 2,443.06
0.11 ALL ALLSTATE CORP 2019952 186.04 13 2,418.52
0.11 TRV TRAVELERS COS INC/THE 2769503 241.68 10 2,416.80
0.11 BK BANK NY MELLON B1Z77F6 77.96 31 2,416.76
0.11 HLT HILTON WORLDWIDE BYVMW06 241.38 10 2,413.80
0.11 FCX FREEPORT-MCMORAN INC 2352118 38.74 62 2,401.88
0.11 SLB SCHLUMBERGER LTD 2779201 39.37 61 2,401.57
0.11 NSC NORFOLK SOUTHERN CORP 2641894 237.76 10 2,377.60
0.11 NXPI NXP SEMICONDUCTORS NV B505PN7 212.58 11 2,338.38
0.11 KMI KINDER MORGAN INC B3NQ4P8 27.81 83 2,308.23
0.10 JCI JOHNSON CONTROLS BY7QL61 79.17 29 2,295.93
0.10 SRE SEMPRA 2138158 84.23 27 2,274.21
0.10 SPG SIMON PROPERTY GROUP INC 2812452 174.17 13 2,264.21
0.10 WDAY WORKDAY INC-CLASS A B8K6ZD1 249.68 9 2,247.12
0.10 CMI CUMMINS INC 2240202 359.98 6 2,159.88
0.10 AFL AFLAC INC 2026361 102.84 21 2,159.64
0.10 CPRT COPART INC 2208073 56.24 38 2,137.12
0.10 GWW WW GRAINGER INC 2380863 1,062.75 2 2,125.50
0.10 ROST ROSS STORES INC 2746711 151.56 14 2,121.84
0.10 AMP AMERIPRISE FINANCIAL INC B0J7D57 528.83 4 2,115.32
0.10 PSA PUBLIC STORAGE 2852533 298.20 7 2,087.40
0.09 AEP AMERICAN ELECTRIC POWER 2026242 90.47 23 2,080.81
0.09 PSX PHILLIPS 66 B78C4Y8 115.19 18 2,073.42
0.09 URI UNITED RENTALS INC 2134781 685.41 3 2,056.23
0.09 MET METLIFE INC 2573209 82.14 25 2,053.50
0.09 MPC MARATHON PETROLEUM CORP B3K3L40 141.66 14 1,983.24
0.09 KVUE KENVUE INC BQ84ZQ6 21.05 94 1,978.70
0.09 LULU LULULEMON ATHLETICA INC B23FN39 393.46 5 1,967.30
0.09 AIG AMERICAN INTERNA 2027342 72.59 27 1,959.93
0.09 DFS DISCOVER FINANCI B1YLC43 177.60 11 1,953.60
0.09 PAYX PAYCHEX INC 2674458 139.26 14 1,949.64
0.09 D DOMINION ENERGY INC 2542049 54.03 36 1,945.08
0.09 O REALTY INCOME CORP 2724193 52.51 37 1,942.87
0.09 FICO FAIR ISAAC CORP 2330299 1,935.16 1 1,935.16
0.09 PWR QUANTA SERVICES INC 2150204 319.81 6 1,918.86
0.09 HWM HOWMET AEROSPACE INC BKLJ8V2 111.66 17 1,898.22
0.09 NEM NEWMONT CORP 2636607 38.16 49 1,869.84
0.09 TEL TE CONNECTIVITY PLC BRC3N84 143.76 13 1,868.88
0.08 PCG P G & E CORP 2689560 19.98 93 1,858.14
0.08 EW EDWARDS LIFESCIENCES CORP 2567116 73.64 25 1,841.00
0.08 RSG REPUBLIC SERVICES INC 2262530 203.05 9 1,827.45
0.08 BKR BAKER HUGHES CO BDHLTQ5 43.40 42 1,822.80
0.08 FIS FIDELITY NATIONA 2769796 79.16 23 1,820.68
0.08 PEG PUB SERV ENTERP 2707677 85.41 21 1,793.61
0.08 PRU PRUDENTIAL FINANCIAL INC 2819118 119.18 15 1,787.70
0.08 AME AMETEK INC 2089212 178.69 10 1,786.90
0.08 IR INGERSOLL-RAND INC BL5GZ82 89.16 20 1,783.20
0.08 KMB KIMBERLY-CLARK CORP 2491839 127.30 14 1,782.20
0.08 MSCI MSCI INC B2972D2 591.33 3 1,773.99
0.08 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 83.37 21 1,750.77
0.08 FAST FASTENAL CO 2332262 72.31 24 1,735.44
0.08 IDXX IDEXX LABORATORIES INC 2459202 427.26 4 1,709.04
0.08 WAB WABTEC CORP 2955733 189.14 9 1,702.26
0.08 TRGP TARGA RESOURCES CORP B55PZY3 187.82 9 1,690.38
0.08 AXON AXON ENTERPRISE INC BDT5S35 562.03 3 1,686.09
0.08 CBRE CBRE GROUP INC - A B6WVMH3 128.64 13 1,672.32
0.08 GRMN GARMIN LTD B3Z5T14 208.55 8 1,668.40
0.08 HES HESS CORP 2023748 138.61 12 1,663.32
0.08 CCI CROWN CASTLE INC BTGQCX1 87.46 19 1,661.74
0.08 KR KROGER CO 2497406 59.14 28 1,655.92
0.08 DHI DR HORTON INC 2250687 137.84 12 1,654.08
0.08 CTVA CORTEVA INC BK73B42 57.03 29 1,653.87
0.08 DAL DELTA AIR LINES INC B1W9D46 61.18 27 1,651.86
0.08 A AGILENT TECHNOLOGIES INC 2520153 137.41 12 1,648.92
0.07 VRSK VERISK ANALYTICS INC B4P9W92 273.52 6 1,641.12
0.07 COR CENCORA INC 2795393 234.24 7 1,639.68
0.07 ODFL OLD DOMINION FREIGHT LINE 2656423 180.64 9 1,625.76
0.07 LHX L3HARRIS TECHNOLOGIES INC BK9DTN5 203.00 8 1,624.00
0.07 F FORD MOTOR CO 2615468 9.76 166 1,620.16
0.07 UAL UNITED AIRLINES B4QG225 101.21 16 1,619.36
0.07 EXC EXELON CORP 2670519 37.53 43 1,613.79
0.07 VLO VALERO ENERGY CORP 2041364 123.99 13 1,611.87
0.07 CTSH COGNIZANT TECH-A 2257019 75.62 21 1,588.02
0.07 GLW CORNING INC 2224701 47.85 33 1,579.05
0.07 DELL DELL TECHNOLOGIES -C BHKD3S6 121.27 13 1,576.51
0.07 XEL XCEL ENERGY INC 2614807 65.64 24 1,575.36
0.07 OTIS OTIS WORLDWIDE CORP BK531S8 92.12 17 1,566.04
0.07 SYY SYSCO CORP 2868165 74.55 21 1,565.55
0.07 OTHER PAYABLE & RECEIVABLES 1.00 1,559 1,559.46
0.07 HPQ HP INC BYX4D52 33.67 46 1,548.82
0.07 MNST MONSTER BEVERAGE CORP BZ07BW4 51.55 30 1,546.50
0.07 YUM YUM! BRANDS INC 2098876 128.55 12 1,542.60
0.07 STZ CONSTELLATION-A 2170473 218.51 7 1,529.57
0.07 MLM MARTIN MARIETTA MATERIALS 2572079 508.65 3 1,525.95
0.07 VMC VULCAN MATERIALS CO 2931205 251.98 6 1,511.88
0.07 IRM IRON MOUNTAIN INC BVFTF03 100.69 15 1,510.35
0.07 OXY OCCIDENTAL PETROLEUM CORP 2655408 51.55 29 1,494.95
0.07 HPE HEWLETT PACKA BYVYWS0 22.28 67 1,492.76
0.07 WEC WEC ENERGY GROUP INC BYY8XK8 93.19 16 1,491.04
0.07 CSGP COSTAR GROUP INC 2262864 70.36 21 1,477.56
0.07 ACGL ARCH CAPITAL GROUP LTD 2740542 92.25 16 1,476.00
0.07 IT GARTNER INC 2372763 491.48 3 1,474.44
0.07 KDP KEURIG DR PEPPER INC BD3W133 30.68 48 1,472.64
0.07 EIX EDISON INTERNATIONAL 2829515 77.38 19 1,470.22
0.07 GIS GENERAL MILLS INC 2367026 60.89 24 1,461.36
0.07 NDAQ NASDAQ INC 2965107 76.36 19 1,450.84
0.07 EA ELECTRONIC ARTS INC 2310194 144.67 10 1,446.70
0.07 RJF RAYMOND JAMES 2718992 158.98 9 1,430.82
0.06 IQV IQVIA HOLDINGS INC BDR73G1 202.65 7 1,418.55
0.06 RMD RESMED INC 2732903 236.40 6 1,418.40
0.06 ROK ROCKWELL AUTOMATION INC 2754060 281.31 5 1,406.55
0.06 CHTR CHARTER COMMUN-A BZ6VT82 347.63 4 1,390.52
0.06 FANG DIAMONDBACK ENERGY INC B7Y8YR3 172.42 8 1,379.36
0.06 KHC KRAFT HEINZ CO/THE BYRY499 29.77 46 1,369.42
0.06 GDDY GODADDY INC - CLASS A BWFRFC6 195.57 7 1,368.99
0.06 ETR ENTERGY CORP 2317087 75.96 18 1,367.28
0.06 DD DUPONT DE NEMOURS INC BK0VN47 75.08 18 1,351.44
0.06 DXCM DEXCOM INC B0796X4 79.35 17 1,348.95
0.06 TSCO TRACTOR SUPPLY COMPANY 2900335 53.87 25 1,346.75
0.06 MTB M & T BANK CORP 2340168 192.04 7 1,344.28
0.06 ANSS ANSYS INC 2045623 335.86 4 1,343.44
0.06 HUM HUMANA INC 2445063 267.21 5 1,336.05
0.06 EXR EXTRA SPACE STORAGE INC B02HWR9 148.43 9 1,335.87
0.06 LEN LENNAR CORP-A 2511920 133.14 10 1,331.40
0.06 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 166.13 8 1,329.04
0.06 MCHP MICROCHIP TECHNOLOGY INC 2592174 57.47 23 1,321.81
0.06 VLTO VERALTO CORP BPGMZQ5 101.65 13 1,321.45
0.06 ED CONSOLIDATED EDISON INC 2216850 88.00 15 1,320.00
0.06 VICI VICI PROPERTIES INC BYWH073 29.25 45 1,316.25
0.06 DOV DOVER CORP 2278407 187.98 7 1,315.86
0.06 CNC CENTENE CORP 2807061 62.61 21 1,314.81
0.06 HIG HARTFORD FINL SV 2476193 109.02 12 1,308.24
0.06 PPG PPG INDUSTRIES INC 2698470 115.86 11 1,274.46
0.06 XYL XYLEM INC B3P2CN8 115.78 11 1,273.58
0.06 TTWO TAKE-TWO INTERAC 2122117 181.75 7 1,272.25
0.06 AVB AVALONBAY COMMUNITIES INC 2131179 211.23 6 1,267.38
0.06 CDW CDW CORP/DE BBM5MD6 180.98 7 1,266.86
0.06 EBAY EBAY INC 2293819 63.17 20 1,263.40
0.06 TPL TEXAS PACIFIC LAND CORP BM99VY2 1,258.29 1 1,258.29
0.06 HBAN HUNTINGTON BANCSHARES INC 2445966 16.55 76 1,257.80
0.06 MTD METTLER-TOLEDO 2126249 1,254.99 1 1,254.99
0.06 MPWR MONOLITHIC POWER B01Z7J1 624.87 2 1,249.74
0.06 WTW WILLIS TOWERS WATSON PLC BDB6Q21 309.00 4 1,236.00
0.06 ADM ARCHER-DANIELS-MIDLAND CO 2047317 49.43 25 1,235.75
0.06 GPN GLOBAL PAYMENTS INC 2712013 112.28 11 1,235.08
0.06 AEE AMEREN CORPORATION 2050832 87.96 14 1,231.44
0.06 DECK DECKERS OUTDOOR CORP 2267278 205.10 6 1,230.60
0.06 EFX EQUIFAX INC 2319146 245.50 5 1,227.50
0.06 EQR EQUITY RESIDENTIAL 2319157 67.45 18 1,214.10
0.06 CAH CARDINAL HEALTH INC 2175672 121.40 10 1,214.00
0.06 NUE NUCOR CORP 2651086 121.28 10 1,212.80
0.06 EQT EQT CORP 2319414 48.15 25 1,203.75
0.05 FITB FIFTH THIRD BANCORP 2336747 42.86 28 1,200.08
0.05 VTR VENTAS INC 2927925 57.07 21 1,198.47
0.05 HAL HALLIBURTON CO 2405302 27.75 43 1,193.25
0.05 FSLR FIRST SOLAR INC B1HMF22 197.73 6 1,186.38
0.05 PHM PULTEGROUP INC 2708841 107.83 11 1,186.13
0.05 SBAC SBA COMMUNICATIONS CORP BZ6TS23 195.89 6 1,175.34
0.05 STT STATE STREET CORP 2842040 97.72 12 1,172.64
0.05 NTAP NETAPP INC 2630643 117.18 10 1,171.80
0.05 WBD WARNER BROS DISCOVERY INC BM8JYX3 10.51 110 1,156.10
0.05 FTV FORTIVE CORP BYT3MK1 76.65 15 1,149.75
0.05 DOW DOW INC BHXCF84 39.41 29 1,142.89
0.05 K KELLANOVA 2486813 81.35 14 1,138.90
0.05 BR BROADRIDGE FINL B1VP7R6 226.32 5 1,131.60
0.05 WAT WATERS CORP 2937689 377.03 3 1,131.09
0.05 ON ON SEMICONDUCTOR 2583576 62.73 18 1,129.14
0.05 TYL TYLER TECHNOLOGIES INC 2909644 563.54 2 1,127.08
0.05 TER TERADYNE INC 2884183 138.82 8 1,110.56
0.05 DVN DEVON ENERGY CORP 2480677 34.69 32 1,110.08
0.05 DRI DARDEN RESTAURANTS INC 2289874 184.34 6 1,106.04
0.05 WDC WESTERN DIGITAL CORP 2954699 64.87 17 1,102.79
0.05 SW SMURFIT WESTROCK PLC BRK49M5 52.11 21 1,094.31
0.05 EXPE EXPEDIA GROUP INC B748CK2 182.33 6 1,093.98
0.05 DTE DTE ENERGY COMPANY 2280220 120.38 9 1,083.42
0.05 CFG CITIZENS FINANCIAL GROUP BQRX1X3 44.70 24 1,072.80
0.05 ES EVERSOURCE ENERGY BVVN4Q8 56.08 19 1,065.52
0.05 SYF SYNCHRONY FINANCIAL BP96PS6 66.58 16 1,065.28
0.05 NRG NRG ENERGY INC 2212922 96.73 11 1,064.03
0.05 LUV SOUTHWEST AIRLINES CO 2831543 32.88 32 1,052.16
0.05 RF REGIONS FINANCIAL CORP B01R311 23.85 44 1,049.40
0.05 CCL CARNIVAL CORP 2523044 23.84 44 1,048.96
0.05 CPAY CORPAY INC BMX5GK7 347.63 3 1,042.89
0.05 STE STERIS PLC BFY8C75 206.49 5 1,032.45
0.05 ZBH ZIMMER BIOMET HO 2783815 103.13 10 1,031.30
0.05 LDOS LEIDOS HOLDINGS INC BDV82B8 147.30 7 1,031.10
0.05 CHD CHURCH & DWIGHT CO INC 2195841 102.80 10 1,028.00
0.05 IP INTERNATIONAL PAPER CO 2465254 53.61 19 1,018.59
0.05 TROW T ROWE PRICE GROUP INC 2702337 113.12 9 1,018.08
0.05 BRO BROWN & BROWN INC 2692687 101.07 10 1,010.70
0.05 CTRA COTERRA ENERGY INC 2162340 26.36 38 1,001.68
0.05 WST WEST PHARMACEUT 2950482 332.53 3 997.59
0.05 CINF CINCINNATI FINANCIAL CORP 2196888 142.31 7 996.17
0.05 HSY HERSHEY CO/THE 2422806 165.52 6 993.12
0.05 PPL PPL CORP 2680905 32.00 31 992.00
0.05 IFF INTL FLAVORS & FRAGRANCES 2464165 82.56 12 990.72
0.05 CNP CENTERPOINT ENERGY INC 2440637 30.87 32 987.84
0.05 CMS CMS ENERGY CORP 2219224 65.71 15 985.65
0.05 STX SEAGATE TECHNOLO BKVD2N4 89.60 11 985.60
0.05 FE FIRSTENERGY CORP 2100920 39.31 25 982.75
0.04 WY WEYERHAEUSER CO 2958936 28.01 35 980.35
0.04 AWK AMERICAN WATER W B2R3PV1 121.63 8 973.04
0.04 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 73.90 13 960.70
0.04 CLX CLOROX COMPANY 2204026 159.70 6 958.20
0.04 ATO ATMOS ENERGY CORP 2315359 136.63 7 956.41
0.04 OMC OMNICOM GROUP 2279303 84.63 11 930.93
0.04 INVH INVITATION HOMES INC BD81GW9 30.96 30 928.80
0.04 COO COOPER COS INC/THE BQPDXR3 92.69 10 926.90
0.04 NTRS NORTHERN TRUST CORP 2648668 102.75 9 924.75
0.04 FDS FACTSET RESEARCH 2329770 460.68 2 921.36
0.04 BIIB BIOGEN INC 2455965 153.15 6 918.90
0.04 TDY TELEDYNE TECHNOLOGIES INC 2503477 458.78 2 917.56
0.04 JBL JABIL INC 2471789 152.73 6 916.38
0.04 PTC PTC INC B95N910 183.09 5 915.45
0.04 LYV LIVE NATION ENTE B0T7YX2 129.64 7 907.48
0.04 PKG PACKAGING CORP OF AMERICA 2504566 225.98 4 903.92
0.04 MKC MCCORMICK-N/V 2550161 74.32 12 891.84
0.04 LVS LAS VEGAS SANDS CORP B02T2J7 49.50 18 891.00
0.04 DG DOLLAR GENERAL CORP B5B1S13 74.17 12 890.04
0.04 MOH MOLINA HEALTHCARE INC 2212706 296.48 3 889.44
0.04 HOLX HOLOGIC INC 2433530 72.69 12 872.28
0.04 HUBB HUBBELL INC BDFG6S3 433.96 2 867.92
0.04 TRMB TRIMBLE INC 2903958 72.02 12 864.24
0.04 MAS MASCO CORP 2570200 71.70 12 860.40
0.04 BLDR BUILDERS FIRSTSOURCE INC B0BV2M7 143.32 6 859.92
0.04 KEY KEYCORP 2490911 17.19 50 859.50
0.04 ULTA ULTA BEAUTY INC B28TS42 428.27 2 856.54
0.04 MRNA MODERNA INC BGSXTS3 47.53 18 855.54
0.04 TSN TYSON FOODS INC-CL A 2909730 55.58 15 833.70
0.04 SMCI SUPER MICRO COMPUTER INC BRC3N73 34.38 24 825.12
0.04 DPZ DOMINO'S PIZZA INC B01SD70 410.90 2 821.80
0.04 GPC GENUINE PARTS CO 2367480 116.61 7 816.27
0.04 EL ESTEE LAUDER 2320524 74.17 11 815.87
0.04 ESS ESSEX PROPERTY TRUST INC 2316619 270.06 3 810.18
0.04 PODD INSULET CORP B1XGNW4 265.65 3 796.95
0.04 ZBRA ZEBRA TECH CORP 2989356 396.11 2 792.22
0.04 J JACOBS SOLUTIONS INC BNGC0D3 131.85 6 791.10
0.04 PNR PENTAIR PLC BLS09M3 98.68 8 789.44
0.04 GEN GEN DIGITAL INC BJN4XN5 26.98 29 782.42
0.04 ARE ALEXANDRIA REAL 2009210 97.36 8 778.88
0.04 DGX QUEST DIAGNOSTICS INC 2702791 153.64 5 768.20
0.04 CBOE CBOE GLOBAL MARKETS INC B5834C5 190.84 4 763.36
0.03 BBY BEST BUY CO INC 2094670 84.28 9 758.52
0.03 WRB WR BERKLEY CORP 2093644 57.50 13 747.50
0.03 AVY AVERY DENNISON CORP 2066408 186.69 4 746.76
0.03 LNT ALLIANT ENERGY CORP 2973821 57.36 13 745.68
0.03 UHS UNIVERSAL HLTH-B 2923785 186.00 4 744.00
0.03 EG EVEREST GROUP LTD 2556868 371.02 2 742.04
0.03 MAA MID-AMERICA APAR 2589132 148.26 5 741.30
0.03 SWKS SKYWORKS SOLUTIONS INC 2961053 92.66 8 741.28
0.03 AKAM AKAMAI TECHNOLOGIES INC 2507457 92.54 8 740.32
0.03 KIM KIMCO REALTY CORP 2491594 21.97 33 725.01
0.03 STLD STEEL DYNAMICS INC 2849472 119.81 6 718.86
0.03 CF CF INDUSTRIES HO B0G4K50 88.75 8 710.00
0.03 BAX BAXTER INTERNATIONAL INC 2085102 29.58 24 709.92
0.03 JBHT HUNT (JB) TRANS 2445416 176.48 4 705.92
0.03 LH LABCORP HOLDINGS INC BSBK800 235.10 3 705.30
0.03 PFG PRINCIPAL FINANCIAL GROUP 2803014 78.30 9 704.70
0.03 RVTY REVVITY INC 2305844 116.60 6 699.60
0.03 NI NISOURCE INC 2645409 35.77 19 679.63
0.03 TPR TAPESTRY INC BF09HX3 67.36 10 673.60
0.03 VTRS VIATRIS INC BMWS3X9 12.00 56 672.00
0.03 SNA SNAP-ON INC 2818740 335.66 2 671.32
0.03 EXPD EXPEDITORS INTL WASH INC 2325507 111.40 6 668.40
0.03 EVRG EVERGY INC BFMXGR0 60.54 11 665.94
0.03 UDR UDR INC 2727910 41.07 16 657.12
0.03 DOC HEALTHPEAK PROPERTIES INC BJBLRK3 19.91 33 657.03
0.03 POOL POOL CORP 2781585 327.97 2 655.94
0.03 ALGN ALIGN TECHNOLOGY INC 2679204 217.56 3 652.68
0.03 JNPR JUNIPER NETWORKS INC 2431846 38.31 17 651.27
0.03 AMCR AMCOR PLC BJ1F307 9.50 68 646.00
0.03 BALL BALL CORP 2073022 53.69 12 644.28
0.03 CAG CONAGRA BRANDS INC 2215460 26.63 24 639.12
0.03 ALLE ALLEGION PLC BFRT3W7 127.42 5 637.10
0.03 KMX CARMAX INC 2983563 79.12 8 632.96
0.03 VRSN VERISIGN INC 2142922 209.22 3 627.66
0.03 IEX IDEX CORP 2456612 208.00 3 624.00
0.03 NDSN NORDSON CORP 2641838 205.43 3 616.29
0.03 LII LENNOX INTERNATIONAL INC 2442053 611.29 1 611.29
0.03 TAP MOLSON COORS-B B067BM3 55.19 11 607.09
0.03 DLTR DOLLAR TREE INC 2272476 75.01 8 600.08
0.03 TECH BIO-TECHNE CORP BSHZ3Q0 74.77 8 598.16
0.03 HST HOST HOTELS & RESORTS INC 2567503 17.05 35 596.75
0.03 ROL ROLLINS INC 2747305 45.75 13 594.75
0.03 ENPH ENPHASE ENERGY INC B65SQW4 73.51 8 588.08
0.03 INCY INCYTE CORP 2471950 73.19 8 585.52
0.03 LKQ LKQ CORP 2971029 36.49 16 583.84
0.03 L LOEWS CORP 2523022 82.95 7 580.65
0.03 SWK STANLEY BLACK & B3Q2FJ4 81.65 7 571.55
0.03 DAY DAYFORCE INC BFX1V56 71.23 8 569.84
0.03 HII HUNTINGTON INGAL B40SSC9 189.05 3 567.15
0.03 REG REGENCY CENTERS CORP 2726177 70.16 8 561.28
0.03 APTV APTIV PLC BTDN8H1 61.82 9 556.38
0.03 BG BUNGE GLOBAL SA BQ6BPG9 77.81 7 544.67
0.02 EMN EASTMAN CHEMICAL CO 2298386 88.48 6 530.88
0.02 TXT TEXTRON INC 2885937 75.60 7 529.20
0.02 CHRW CH ROBINSON 2116228 104.05 5 520.25
0.02 FFIV F5 INC 2427599 257.29 2 514.58
0.02 JKHY JACK HENRY 2469193 171.34 3 514.02
0.02 PNW PINNACLE WEST CAPITAL 2048804 83.20 6 499.20
0.02 IPG INTERPUBLIC GRP 2466321 27.70 18 498.60
0.02 BXP BXP INC 2019479 70.33 7 492.31
0.02 FOXA FOX CORP - CLASS A BJJMGL2 49.23 10 492.30
0.02 RL RALPH LAUREN CORP B4V9661 242.52 2 485.04
0.02 GNRC GENERAC HOLDINGS INC B6197Q2 161.00 3 483.00
0.02 CPB THE CAMPBELL'S COMPANY 2162845 39.95 12 479.40
0.02 NCLH NORWEGIAN CRUISE B9CGTC3 25.51 18 459.18
0.02 EPAM EPAM SYSTEMS INC B44Z3T8 228.45 2 456.90
0.02 MTCH MATCH GROUP INC BK80XH9 32.40 14 453.60
0.02 HRL HORMEL FOODS CORP 2437264 30.14 15 452.10
0.02 ALB ALBEMARLE CORP 2046853 89.98 5 449.90
0.02 CPT CAMDEN PROPERTY TRUST 2166320 110.31 4 441.24
0.02 BF/B BROWN-FORMAN CORP-CLASS B 2146838 36.23 12 434.76
0.02 LW LAMB WESTON HOLDINGS INC BDQZFJ3 61.68 7 431.76
0.02 HSIC HENRY SCHEIN INC 2416962 71.67 6 430.02
0.02 SJM JM SMUCKER CO/THE 2951452 107.47 4 429.88
0.02 CZR CAESARS ENTERTAINMENT INC BMWWGB0 33.05 13 429.65
0.02 SOLV SOLVENTUM CORP BMTQB43 69.41 6 416.46
0.02 AIZ ASSURANT INC 2331430 207.00 2 414.00
0.02 NWSA NEWS CORP - CLASS A BBGVT40 27.60 15 414.00
0.02 FMC FMC CORP 2328603 51.13 8 409.04
0.02 PAYC PAYCOM SOFTWARE INC BL95MY0 202.10 2 404.20
0.02 ERIE ERIE INDEMNITY-A 2311711 402.26 1 402.26
0.02 APA APA CORP BNNF1C1 23.66 17 402.22
0.02 MGM MGM RESORTS INTERNATIONAL 2547419 33.23 12 398.76
0.02 AES AES CORP 2002479 12.95 30 388.50
0.02 BWA BORGWARNER INC 2111955 32.27 12 387.24
0.02 CRL CHARLES RIVER LA 2604336 189.76 2 379.52
0.02 TFX TELEFLEX INC 2881407 179.79 2 359.58
0.02 AOS SMITH (A.O.) CORP 2816023 68.30 5 341.50
0.02 GL GLOBE LIFE INC BK6YKG1 111.49 3 334.47
0.02 CE CELANESE CORP B05MZT4 66.30 5 331.50
0.02 WYNN WYNN RESORTS LTD 2963811 82.45 4 329.80
0.02 MOS MOSAIC CO/THE B3NPHP6 25.25 13 328.25
0.02 IVZ INVESCO LTD B28XP76 17.15 19 325.85
0.01 FRT FEDERAL REALTY INVS TRUST BN7P9B2 104.90 3 314.70
0.01 DVA DAVITA INC 2898087 152.69 2 305.38
0.01 HAS HASBRO INC 2414580 57.11 5 285.55
0.01 PARA PARAMOUNT GLOBAL-CLASS B BKTNTR9 10.89 26 283.14
0.01 WBA WALGREENS BOOTS BTN1Y44 9.67 29 280.43
0.01 BEN FRANKLIN RESOURCES INC 2350684 19.74 12 236.88
0.01 MHK MOHAWK INDUSTRIES INC 2598699 117.30 2 234.60
0.01 FOX FOX CORP - CLASS B BJJMGY5 46.81 5 234.05
0.01 MKTX MARKETAXESS HOLDINGS INC B03Q9D0 219.22 1 219.22
0.00 NWS NEWS CORP - CLASS B BBGVT51 30.46 1 30.46
-0.04 CASH 1.00 -961 -960.50
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 01/06/25

Return on Equity 20.70%
Weighted Avg. Market Cap 1,187,770 M
2023 2024
Price-to-earnings 22.83 20.49
Price-to-book value 4.64 3.90

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 12/31/24

Versus Beta
S&P 500 0.84
NASDAQ-100 0.64
MSCI EAFE 0.70
MSCI Emg. Mkts 0.54
Standard Deviation 15.10%

Source: new windowAltaVista Research, LLC

ETF Research

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 12/31, XTR was rated against the following numbers of Equity Hedged funds over the following time periods: 149 during the last 3 years. With respect to these Equity Hedged funds, XTR received a Morningstar Rating of 4 stars, respectively. 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. Concentration in a particular industry or sector will subject XTR to loss due to adverse occurrences that may affect that industry or sector. Investors in XTR should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses.

The Fund engages in options trading. An option is a contract sold by one party to another that gives the buyer the right, but not the obligation, to buy (call) or sell (put) a stock at an agreed upon strike price within a certain period or on a specific date. By purchasing put options, in return for the payment of premiums, the Fund may be protected from a significant decline in the price of the S&P 500 Index if the put options become in the money (S&P 500 closes below the strike price as of the expiration date); but during periods where the S&P 500 Index appreciates, the Fund will underperform due to the cost of the premiums paid. A liquid market may not exist for options held by the Fund.

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. The 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, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

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 S&P or Cboe, nor do these entities 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 these entities.