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AUSF

Adaptive U.S. Factor ETF

Morningstar Rating™ - Overall rating out of 392 Mid-Cap Value funds, based on risk-adjusted returns as of 12/31/2024

 

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 01/14/25

Inception Date 08/24/18
Total Expense Ratio 0.27%
Net Assets $362.42 million
NAV $42.49
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 01/13/25

Ticker AUSF
Bloomberg Index Ticker AWSUSF
CUSIP 37954Y574
ISIN US37954Y5740
Primary Exchange NYSE Arca
Shares Outstanding 8,530,002
Number of Holdings 192
30-Day Median Bid-Ask Spread 0.24%

Distributions As of 01/14/25

30-Day SEC Yield 2.69%
Distribution Frequency Quarterly

ETF Prices As of 01/14/25

NAV $42.49 Daily Change $0.45 1.07%
Market Price $42.53 Daily Change $0.38 0.90%

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 01/14/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
1.85 T AT&T INC 2831811 21.80 308,003 6,714,465.40
1.69 VZ VERIZON COMMUNIC 2090571 38.28 160,415 6,140,686.20
1.67 BSX BOSTON SCIENTIFIC CORP 2113434 95.65 63,267 6,051,488.55
1.66 WMT WALMART INC 2936921 90.79 66,395 6,028,002.05
1.55 RSG REPUBLIC SERVICES INC 2262530 207.00 27,151 5,620,257.00
1.55 V VISA INC-CLASS A SHARES B2PZN04 309.09 18,181 5,619,565.29
1.52 COR CENCORA INC 2795393 240.05 22,977 5,515,628.85
1.50 JNPR JUNIPER NETWORKS INC 2431846 38.51 141,234 5,438,921.34
1.49 CSCO CISCO SYSTEMS INC 2198163 59.33 90,811 5,387,816.63
1.48 TMUS T-MOBILE US INC B94Q9V0 214.18 24,995 5,353,429.10
1.47 BRK/B BERKSHIRE HATH-B 2073390 450.03 11,827 5,322,504.81
1.44 CME CME GROUP INC 2965839 231.73 22,558 5,227,365.34
1.44 RTX RTX CORPORATION BM5M5Y3 119.47 43,521 5,199,453.87
1.43 ADP AUTOMATIC DATA PROCESSING 2065308 291.69 17,765 5,181,872.85
1.43 ACI ALBERTSONS COS-A BYNQ369 20.73 249,490 5,171,927.70
1.42 IBM IBM 2005973 217.75 23,691 5,158,715.25
1.40 EDR ENDEAVOR GROUP-A BJQ05Y5 30.69 165,648 5,083,737.12
1.39 MMC MARSH & MCLENNAN COS 2567741 213.37 23,639 5,043,853.43
1.34 ICE INTERCONTINENTAL BFSSDS9 145.25 33,522 4,869,070.50
1.33 WM WASTE MANAGEMENT INC 2937667 207.17 23,341 4,835,554.97
1.30 LIN LINDE PLC BNZHB81 427.29 11,060 4,725,827.40
1.29 LMT LOCKHEED MARTIN CORP 2522096 484.46 9,665 4,682,305.90
1.29 JNJ JOHNSON & JOHNSON 2475833 144.75 32,285 4,673,253.75
1.29 GD GENERAL DYNAMICS CORP 2365161 265.12 17,609 4,668,498.08
1.28 DOX AMDOCS LTD 2256908 83.67 55,396 4,634,983.32
1.24 EA ELECTRONIC ARTS INC 2310194 141.75 31,718 4,496,026.50
1.05 MRK MERCK & CO. INC. 2778844 99.65 38,307 3,817,292.55
1.04 KO COCA-COLA CO/THE 2206657 62.04 60,986 3,783,571.44
0.89 CBOE CBOE GLOBAL MARKETS INC B5834C5 193.37 16,645 3,218,643.65
0.88 BR BROADRIDGE FINL B1VP7R6 227.12 14,018 3,183,768.16
0.81 PG PROCTER & GAMBLE CO/THE 2704407 159.74 18,272 2,918,769.28
0.79 TPR TAPESTRY INC BF09HX3 67.66 42,557 2,879,406.62
0.75 DTM DT MIDSTREAM INC BN7L880 108.32 25,177 2,727,172.64
0.72 KMI KINDER MORGAN INC B3NQ4P8 29.12 89,182 2,596,979.84
0.69 MCD MCDONALD'S CORP 2550707 281.58 8,933 2,515,354.14
0.68 UNM UNUM GROUP 2433842 72.98 33,932 2,476,357.36
0.66 WBA WALGREENS BOOTS BTN1Y44 12.24 195,166 2,388,831.84
0.64 WHR WHIRLPOOL CORP 2960384 126.02 18,405 2,319,398.10
0.63 PEP PEPSICO INC 2681511 144.95 15,678 2,272,526.10
0.62 FHN FIRST HORIZON CORP 2341484 20.83 107,803 2,245,536.49
0.62 SYF SYNCHRONY FINANCIAL BP96PS6 66.06 33,755 2,229,855.30
0.61 MO ALTRIA GROUP INC 2692632 51.36 42,938 2,205,295.68
0.60 C CITIGROUP INC 2297907 73.50 29,439 2,163,766.50
0.60 UGI UGI CORP 2910118 29.39 73,371 2,156,373.69
0.59 ONB OLD NATIONAL BANCORP 2658441 21.83 98,218 2,144,098.94
0.59 HPE HEWLETT PACKA BYVYWS0 22.54 94,536 2,130,841.44
0.57 SNX TD SYNNEX CORP 2002554 136.04 15,275 2,078,011.00
0.57 IP INTERNATIONAL PAPER CO 2465254 55.42 37,230 2,063,286.60
0.57 CFG CITIZENS FINANCIAL GROUP BQRX1X3 45.70 44,844 2,049,370.80
0.56 UMBF UMB FINANCIAL CORP 2918510 116.92 17,398 2,034,174.16
0.56 AM ANTERO MIDSTREAM CORP BJBT0Q4 16.13 125,588 2,025,734.44
0.55 RPRX ROYALTY PHARMA PLC- CL A BMVP7Y0 30.03 66,709 2,003,271.27
0.55 WBS WEBSTER FINANCIAL CORP 2945143 56.46 35,458 2,001,958.68
0.55 ABG ASBURY AUTOMOTIVE GROUP 2855855 248.59 8,039 1,998,415.01
0.55 OKE ONEOK INC 2130109 106.04 18,840 1,997,793.60
0.55 ZION ZIONS BANCORP NA 2989828 56.48 35,197 1,987,926.56
0.55 CIVI CIVITAS RESOURCES INC BMG9GG2 53.57 37,085 1,986,643.45
0.55 QGEN QIAGEN N.V. BMGBZP0 45.57 43,317 1,973,955.69
0.54 NE NOBLE CORP PLC BN2QTL0 33.96 57,986 1,969,204.56
0.54 CNC CENTENE CORP 2807061 63.40 31,056 1,968,950.40
0.54 PB PROSPERITY BANCSHARES INC 2310257 77.60 25,307 1,963,823.20
0.54 GAP GAP INC/THE 2360326 22.65 86,487 1,958,930.55
0.54 LAD LITHIA MOTORS INC 2515030 355.46 5,498 1,954,319.08
0.54 AL AIR LEASE CORP B3XS562 46.13 42,248 1,948,900.24
0.54 HBAN HUNTINGTON BANCSHARES INC 2445966 16.59 117,439 1,948,313.01
0.54 PVH PVH CORP B3V9F12 98.65 19,661 1,939,557.65
0.54 PCAR PACCAR INC 2665861 110.20 17,599 1,939,409.80
0.53 CADE CADENCE BANK BMCS168 35.10 54,908 1,927,270.80
0.53 CNH CNH INDUSTRIAL NV BDX85Z1 11.65 165,143 1,923,915.95
0.53 ALLY ALLY FINANCIAL INC B72XK05 35.32 53,947 1,905,408.04
0.53 FNB FNB CORP 2041308 15.10 126,026 1,902,992.60
0.52 COLB COLUMBIA BANKING 2176608 27.89 68,074 1,898,583.86
0.52 RITM RITHM CAPITAL CORP BRJ9GW0 10.99 172,733 1,898,335.67
0.52 UBSI UNITED BANKSHARES INC 2905794 37.68 50,308 1,895,605.44
0.52 MOS MOSAIC CO/THE B3NPHP6 27.14 69,484 1,885,795.76
0.52 CMA COMERICA INC 2212870 63.02 29,728 1,873,458.56
0.51 RF REGIONS FINANCIAL CORP B01R311 24.00 77,178 1,852,272.00
0.51 VTRS VIATRIS INC BMWS3X9 11.72 158,011 1,851,888.92
0.51 CHRD CHORD ENERGY CORP BLDDYB1 126.70 14,487 1,835,502.90
0.51 OZK BANK OZK BZ56Q65 44.00 41,708 1,835,152.00
0.50 CHE CHEMED CORP 2190084 534.10 3,418 1,825,553.80
0.50 HST HOST HOTELS & RESORTS INC 2567503 17.28 104,998 1,814,365.44
0.50 NOV NOV INC BN2RYW9 14.88 121,580 1,809,110.40
0.50 BEN FRANKLIN RESOURCES INC 2350684 19.41 92,512 1,795,657.92
0.50 TAP MOLSON COORS-B B067BM3 54.19 33,135 1,795,585.65
0.49 AVT AVNET INC 2066505 51.97 34,483 1,792,081.51
0.49 TDG TRANSDIGM GROUP INC B11FJK3 1,300.73 1,373 1,785,902.29
0.49 SOLV SOLVENTUM CORP BMTQB43 70.19 25,430 1,784,931.70
0.49 MARA MARA HOLDINGS INC BLR7B52 17.36 102,681 1,782,542.16
0.49 VNOM VIPER ENERGY INC BR1YSF0 50.37 35,293 1,777,708.41
0.49 GM GENERAL MOTORS CO B665KZ5 50.94 34,836 1,774,545.84
0.49 LNC LINCOLN NATIONAL CORP 2516378 31.49 55,980 1,762,810.20
0.49 SWKS SKYWORKS SOLUTIONS INC 2961053 91.57 19,234 1,761,257.38
0.48 STWD STARWOOD PROPERT B3PQ520 18.97 91,812 1,741,673.64
0.48 BWA BORGWARNER INC 2111955 31.86 54,502 1,736,433.72
0.48 CRBG COREBRIDGE FINANCIAL INC BMTX0G9 29.84 57,987 1,730,332.08
0.48 AGNC AGNC INVESTMENT CORP BYYHJL8 9.24 187,152 1,729,284.48
0.47 BCC BOISE CASCADE CO B9BP4R1 123.61 13,886 1,716,448.46
0.47 LBRDK LIBERTY BROADBAND-C BRTLC06 75.50 22,657 1,710,603.50
0.47 BG BUNGE GLOBAL SA BQ6BPG9 81.61 20,900 1,705,649.00
0.47 ADM ARCHER-DANIELS-MIDLAND CO 2047317 51.19 33,182 1,698,586.58
0.47 RDN RADIAN GROUP INC 2173911 31.90 53,208 1,697,335.20
0.47 X UNITED STATES STEEL CORP 2824770 36.49 46,212 1,686,275.88
0.46 MDT MEDTRONIC PLC BTN1Y11 85.25 19,747 1,683,431.75
0.46 M MACY'S INC 2345022 14.02 119,955 1,681,769.10
0.46 OGN ORGANON & CO BLDC8J4 15.81 105,989 1,675,686.09
0.46 JXN JACKSON FINANCIAL INC-A BMFX6P4 88.75 18,877 1,675,333.75
0.46 PFE PFIZER INC 2684703 26.41 63,238 1,670,115.58
0.46 RNR RENAISSANCERE 2728429 251.14 6,644 1,668,574.16
0.46 HPQ HP INC BYX4D52 32.67 50,820 1,660,289.40
0.46 CVS CVS HEALTH CORP 2577609 51.57 32,135 1,657,201.95
0.46 KRC KILROY REALTY CORP 2495529 37.17 44,463 1,652,689.71
0.46 WU WESTERN UNION CO B1F76F9 10.46 157,969 1,652,355.74
0.46 BBY BEST BUY CO INC 2094670 82.80 19,923 1,649,624.40
0.45 CAG CONAGRA BRANDS INC 2215460 26.05 63,154 1,645,161.70
0.45 NXST Nexstar Media Group Inc 2949758 151.98 10,814 1,643,511.72
0.45 SON SONOCO PRODUCTS CO 2821395 47.03 34,629 1,628,601.87
0.45 LEA LEAR CORP B570P91 93.51 17,410 1,628,009.10
0.45 HII HUNTINGTON INGAL B40SSC9 197.43 8,214 1,621,690.02
0.44 VICI VICI PROPERTIES INC BYWH073 28.97 55,582 1,610,210.54
0.44 CMCSA COMCAST CORP-CLASS A 2044545 36.38 43,929 1,598,137.02
0.44 INTC INTEL CORP 2463247 19.20 83,033 1,594,233.60
0.44 ARW ARROW ELECTRONICS INC 2051404 112.89 14,036 1,584,524.04
0.43 FMC FMC CORP 2328603 53.51 29,402 1,573,301.02
0.43 EMN EASTMAN CHEMICAL CO 2298386 91.97 17,041 1,567,260.77
0.43 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 75.31 20,774 1,564,489.94
0.43 DINO HF SINCLAIR CORP BMZQ9C1 36.43 42,510 1,548,639.30
0.43 HOG HARLEY-DAVIDSON INC 2411053 28.87 53,436 1,542,697.32
0.42 SLG SL GREEN REALTY CORP BPGKM57 63.31 24,180 1,530,835.80
0.41 KHC KRAFT HEINZ CO/THE BYRY499 28.71 51,405 1,475,837.55
0.39 DOW DOW INC BHXCF84 40.08 35,435 1,420,234.80
0.29 CE CELANESE CORP B05MZT4 71.00 14,545 1,032,695.00
0.25 YUM YUM! BRANDS INC 2098876 124.71 7,220 900,406.20
0.18 CACI CACI INTL-A 2159267 441.22 1,473 649,917.06
0.18 OTHER PAYABLE & RECEIVABLES 1.00 645,729 645,728.87
0.17 PGR PROGRESSIVE CORP 2705024 239.76 2,625 629,370.00
0.15 ABBV ABBVIE INC B92SR70 173.91 3,103 539,642.73
0.14 TW TRADEWEB MARKE-A BJXMVK2 131.93 3,844 507,138.92
0.12 COST COSTCO WHOLESALE CORP 2701271 917.23 491 450,359.93
0.12 KR KROGER CO 2497406 59.92 7,487 448,621.04
0.12 CHD CHURCH & DWIGHT CO INC 2195841 105.28 4,024 423,646.72
0.12 GRMN GARMIN LTD B3Z5T14 212.27 1,958 415,624.66
0.11 TRV TRAVELERS COS INC/THE 2769503 236.93 1,674 396,620.82
0.10 WMB WILLIAMS COS INC 2967181 58.06 6,506 377,738.36
0.10 AFL AFLAC INC 2026361 103.65 3,499 362,671.35
0.10 LDOS LEIDOS HOLDINGS INC BDV82B8 152.76 2,364 361,124.64
0.10 SO SOUTHERN CO/THE 2829601 82.05 4,273 350,599.65
0.10 SNA SNAP-ON INC 2818740 340.31 1,022 347,796.82
0.09 GDDY GODADDY INC - CLASS A BWFRFC6 197.48 1,729 341,442.92
0.09 AAPL APPLE INC 2046251 233.28 1,448 337,789.44
0.09 WRB WR BERKLEY CORP 2093644 58.59 5,748 336,775.32
0.09 DUK DUKE ENERGY CORP B7VD3F2 106.85 3,135 334,974.75
0.09 PKG PACKAGING CORP OF AMERICA 2504566 232.65 1,428 332,224.20
0.09 MCK MCKESSON CORP 2378534 593.73 557 330,707.61
0.09 ORI OLD REPUBLIC INTL CORP 2659109 34.55 9,455 326,670.25
0.09 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 460.84 700 322,588.00
0.09 AME AMETEK INC 2089212 179.15 1,753 314,049.95
0.09 MA MASTERCARD INC - A B121557 509.02 610 310,502.20
0.08 NOC NORTHROP GRUMMAN CORP 2648806 475.50 640 304,320.00
0.08 CAH CARDINAL HEALTH INC 2175672 124.03 2,389 296,307.67
0.08 ATR APTARGROUP INC 2045247 154.61 1,895 292,985.95
0.08 VRSN VERISIGN INC 2142922 209.00 1,401 292,809.00
0.08 ED CONSOLIDATED EDISON INC 2216850 89.37 3,170 283,302.90
0.08 VRSK VERISK ANALYTICS INC B4P9W92 273.49 1,035 283,062.15
0.08 TJX TJX COMPANIES INC 2989301 119.24 2,344 279,498.56
0.08 CB CHUBB LTD B3BQMF6 265.51 1,051 279,051.01
0.08 XOM EXXON MOBIL CORP 2326618 109.72 2,516 276,055.52
0.08 HIG HARTFORD FINL SV 2476193 109.39 2,520 275,662.80
0.08 FI FISERV INC 2342034 204.47 1,345 275,012.15
0.08 L LOEWS CORP 2523022 83.43 3,289 274,401.27
0.08 UNH UNITEDHEALTH GROUP INC 2917766 543.74 502 272,957.48
0.07 K KELLANOVA 2486813 81.43 3,290 267,904.70
0.07 CVX CHEVRON CORP 2838555 156.90 1,706 267,671.40
0.07 ROP ROPER TECHNOLOGIES INC 2749602 510.69 520 265,558.80
0.07 AJG ARTHUR J GALLAGHER & CO 2359506 289.11 913 263,957.43
0.07 ATO ATMOS ENERGY CORP 2315359 140.72 1,841 259,065.52
0.07 DGX QUEST DIAGNOSTICS INC 2702791 152.98 1,691 258,689.18
0.07 INGR INGREDION INC B7K24P7 132.76 1,940 257,554.40
0.07 HON HONEYWELL INTL 2020459 218.50 1,174 256,519.00
0.07 ECL ECOLAB INC 2304227 233.90 1,094 255,886.60
0.07 CL COLGATE-PALMOLIVE CO 2209106 87.67 2,916 255,645.72
0.07 WELL WELLTOWER INC BYVYHH4 126.87 1,991 252,598.17
0.07 AMGN AMGEN INC 2023607 267.10 940 251,074.00
0.07 BDX BECTON DICKINSON AND CO 2087807 235.80 1,063 250,655.40
0.07 CI THE CIGNA GROUP BHJ0775 285.03 862 245,695.86
0.07 VRTX VERTEX PHARM 2931034 411.66 590 242,879.40
0.07 KMB KIMBERLY-CLARK CORP 2491839 126.18 1,919 242,139.42
0.07 PNW PINNACLE WEST CAPITAL 2048804 83.24 2,883 239,980.92
0.07 FE FIRSTENERGY CORP 2100920 39.17 5,986 234,471.62
0.07 AKAM AKAMAI TECHNOLOGIES INC 2507457 90.58 2,582 233,877.56
0.06 HOLX HOLOGIC INC 2433530 70.20 3,143 220,638.60
0.06 MDLZ MONDELEZ INTER-A B8CKK03 57.10 3,802 217,094.20
0.05 CASH 1.00 180,042 180,041.91
0.05 REGN REGENERON PHARMACEUTICALS 2730190 690.87 255 176,171.85
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 01/13/25

Return on Equity 14.30%
Weighted Avg. Market Cap 114,609 M
2023 2024
Price-to-earnings 12.60 12.82
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 12/31, AUSF was rated against the following numbers of Mid-Cap Value funds over the following time periods: 392 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.

© 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.