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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 03/19/25

Inception Date 08/24/18
Total Expense Ratio 0.27%
Net Assets $455.82 million
NAV $43.37
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 03/19/25

Ticker AUSF
Bloomberg Index Ticker AWSUSF
CUSIP 37954Y574
ISIN US37954Y5740
Primary Exchange NYSE Arca
Shares Outstanding 10,510,002
Number of Holdings 193
30-Day Median Bid-Ask Spread 0.24%

Distributions As of 03/19/25

30-Day SEC Yield 2.56%
Distribution Frequency Quarterly

ETF Prices As of 03/19/25

NAV $43.37 Daily Change $0.25 0.58%
Market Price $43.49 Daily Change $0.33 0.76%

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 03/19/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.32 T AT&T INC 2831811 26.84 393,841 10,570,692.44
2.01 VZ VERIZON COMMUNIC 2090571 43.94 208,749 9,172,431.06
1.80 TMUS T-MOBILE US INC B94Q9V0 259.25 31,707 8,220,039.75
1.73 CME CME GROUP INC 2965839 265.47 29,631 7,866,141.57
1.72 BRK/B BERKSHIRE HATH-B 2073390 525.27 14,913 7,833,351.51
1.69 RSG REPUBLIC SERVICES INC 2262530 234.56 32,837 7,702,246.72
1.65 RTX RTX CORPORATION BM5M5Y3 135.32 55,624 7,527,039.68
1.63 COR CENCORA INC 2795393 265.81 27,990 7,440,021.90
1.63 ICE INTERCONTINENTAL BFSSDS9 173.69 42,690 7,414,826.10
1.59 V VISA INC-CLASS A SHARES B2PZN04 339.87 21,376 7,265,061.12
1.54 MMC MARSH & MCLENNAN COS 2567741 232.57 30,077 6,995,007.89
1.53 K KELLANOVA 2486813 82.35 84,749 6,979,080.15
1.52 BSX BOSTON SCIENTIFIC CORP 2113434 100.73 68,976 6,947,952.48
1.52 CSCO CISCO SYSTEMS INC 2198163 61.12 113,292 6,924,407.04
1.50 ACI ALBERTSONS COS-A BYNQ369 21.63 315,881 6,832,506.03
1.48 WM WASTE MANAGEMENT INC 2937667 227.36 29,617 6,733,721.12
1.48 ADP AUTOMATIC DATA PROCESSING 2065308 298.79 22,528 6,731,141.12
1.47 JNJ JOHNSON & JOHNSON 2475833 162.99 41,028 6,687,153.72
1.43 LMT LOCKHEED MARTIN CORP 2522096 470.55 13,851 6,517,588.05
1.42 LIN LINDE PLC BNZHB81 459.75 14,039 6,454,430.25
1.41 JNPR JUNIPER NETWORKS INC 2431846 36.08 178,354 6,435,012.32
1.40 WMT WALMART INC 2936921 86.33 74,133 6,399,901.89
1.39 DOX AMDOCS LTD 2256908 89.19 70,967 6,329,546.73
1.31 GD GENERAL DYNAMICS CORP 2365161 267.97 22,344 5,987,521.68
1.25 EA ELECTRONIC ARTS INC 2310194 141.97 40,253 5,714,718.41
1.17 KO COCA-COLA CO/THE 2206657 69.28 77,057 5,338,508.96
1.01 CBOE CBOE GLOBAL MARKETS INC B5834C5 217.80 21,141 4,604,509.80
1.00 MRK MERCK & CO. INC. 2778844 94.02 48,520 4,561,850.40
0.99 EDR ENDEAVOR GROUP-A BJQ05Y5 29.05 155,573 4,519,395.65
0.97 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 424.36 10,431 4,426,499.16
0.77 MCD MCDONALD'S CORP 2550707 306.92 11,383 3,493,670.36
0.66 MO ALTRIA GROUP INC 2692632 57.95 52,198 3,024,874.10
0.65 UNM UNUM GROUP 2433842 81.39 36,420 2,964,223.80
0.65 CVS CVS HEALTH CORP 2577609 67.91 43,497 2,953,881.27
0.59 NXST Nexstar Media Group Inc 2949758 179.28 14,897 2,670,734.16
0.58 WPC WP CAREY INC B826YT8 61.73 42,660 2,633,401.80
0.58 X UNITED STATES STEEL CORP 2824770 41.62 63,202 2,630,467.24
0.57 DTM DT MIDSTREAM INC BN7L880 98.71 26,492 2,615,025.32
0.57 KMI KINDER MORGAN INC B3NQ4P8 27.85 92,893 2,587,070.05
0.57 LNC LINCOLN NATIONAL CORP 2516378 37.02 69,721 2,581,071.42
0.56 RPRX ROYALTY PHARMA PLC- CL A BMVP7Y0 33.41 76,635 2,560,375.35
0.56 CTRE CARETRUST REIT INC BMP8TL6 29.13 87,077 2,536,553.01
0.56 FOXA FOX CORP - CLASS A BJJMGL2 52.94 47,894 2,535,508.36
0.56 UGI UGI CORP 2910118 33.15 76,262 2,528,085.30
0.55 TSN TYSON FOODS INC-CL A 2909730 60.79 41,450 2,519,745.50
0.55 VICI VICI PROPERTIES INC BYWH073 31.95 78,281 2,500,882.25
0.54 AM ANTERO MIDSTREAM CORP BJBT0Q4 17.72 139,946 2,479,843.12
0.54 AGNC AGNC INVESTMENT CORP BYYHJL8 10.36 237,391 2,459,370.76
0.54 WU WESTERN UNION CO B1F76F9 10.70 229,671 2,457,479.70
0.54 STWD STARWOOD PROPERT B3PQ520 20.25 121,248 2,455,272.00
0.54 TAP MOLSON COORS-B B067BM3 58.29 42,003 2,448,354.87
0.53 LBRDK LIBERTY BROADBAND-C BRTLC06 81.40 29,801 2,425,801.40
0.53 RITM RITHM CAPITAL CORP BRJ9GW0 11.82 204,715 2,419,731.30
0.53 MDT MEDTRONIC PLC BTN1Y11 91.87 26,241 2,410,760.67
0.52 HII HUNTINGTON INGAL B40SSC9 207.43 11,506 2,386,689.58
0.52 KHC KRAFT HEINZ CO/THE BYRY499 29.89 79,303 2,370,366.67
0.52 CAG CONAGRA BRANDS INC 2215460 25.90 91,075 2,358,842.50
0.51 LEA LEAR CORP B570P91 95.97 24,415 2,343,107.55
0.51 F FORD MOTOR CO 2615468 10.17 229,798 2,337,045.66
0.51 BEN FRANKLIN RESOURCES INC 2350684 20.08 115,994 2,329,159.52
0.51 AL AIR LEASE CORP B3XS562 47.48 48,996 2,326,330.08
0.51 NOV NOV INC BN2RYW9 15.02 154,383 2,318,832.66
0.51 MOS MOSAIC CO/THE B3NPHP6 27.97 82,903 2,318,796.91
0.51 SON SONOCO PRODUCTS CO 2821395 48.39 47,548 2,300,847.72
0.50 CASH 1.00 2,298,274 2,298,274.43
0.50 OGN ORGANON & CO BLDC8J4 15.79 145,225 2,293,102.75
0.50 EMN EASTMAN CHEMICAL CO 2298386 91.38 25,010 2,285,413.80
0.50 BIIB BIOGEN INC 2455965 141.43 16,139 2,282,538.77
0.50 BR BROADRIDGE FINL B1VP7R6 235.37 9,631 2,266,848.47
0.50 EG EVEREST GROUP LTD 2556868 356.22 6,336 2,257,009.92
0.49 BKR BAKER HUGHES CO BDHLTQ5 44.60 50,316 2,244,093.60
0.49 CMCSA COMCAST CORP-CLASS A 2044545 36.09 62,107 2,241,441.63
0.49 BG BUNGE GLOBAL SA BQ6BPG9 75.24 29,580 2,225,599.20
0.49 ESNT ESSENT GROUP LTD BFWGXR8 55.39 40,062 2,219,034.18
0.48 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 73.66 29,894 2,201,992.04
0.48 SIG SIGNET JEWELERS LTD B3CTNK6 56.65 38,820 2,199,153.00
0.48 RDN RADIAN GROUP INC 2173911 31.69 69,382 2,198,715.58
0.48 MTG MGIC INVESTMENT CORP 2548616 23.41 93,693 2,193,353.13
0.48 THC TENET HEALTHCARE CORP B8DMK08 127.75 17,140 2,189,635.00
0.48 IPG INTERPUBLIC GRP 2466321 26.65 81,708 2,177,518.20
0.48 GM GENERAL MOTORS CO B665KZ5 49.79 43,692 2,175,424.68
0.48 PRU PRUDENTIAL FINANCIAL INC 2819118 110.62 19,647 2,173,351.14
0.48 CMA COMERICA INC 2212870 59.09 36,768 2,172,621.12
0.48 RNR RENAISSANCERE 2728429 240.41 9,006 2,165,132.46
0.47 M MACY'S INC 2345022 13.64 157,863 2,153,251.32
0.47 SNX TD SYNNEX CORP 2002554 131.95 16,298 2,150,521.10
0.47 AFG AMER FINL GROUP 2134532 125.22 17,168 2,149,776.96
0.47 CNC CENTENE CORP 2807061 59.23 36,287 2,149,279.01
0.47 ADM ARCHER-DANIELS-MIDLAND CO 2047317 46.93 45,613 2,140,618.09
0.46 UBSI UNITED BANKSHARES INC 2905794 35.17 60,157 2,115,721.69
0.46 ARW ARROW ELECTRONICS INC 2051404 108.94 19,334 2,106,245.96
0.46 BWA BORGWARNER INC 2111955 29.02 72,500 2,103,950.00
0.46 DOW DOW INC BHXCF84 37.19 56,467 2,100,007.73
0.46 CHRD CHORD ENERGY CORP BLDDYB1 111.13 18,875 2,097,484.38
0.46 VNOM VIPER ENERGY INC BR1YSF0 45.20 46,371 2,095,969.20
0.46 AVT AVNET INC 2066505 49.34 42,353 2,089,697.02
0.46 KBH KB HOME 2485070 61.52 33,961 2,089,280.72
0.46 PB PROSPERITY BANCSHARES INC 2310257 71.26 29,256 2,084,782.56
0.46 KRC KILROY REALTY CORP 2495529 34.60 60,234 2,084,096.40
0.45 HOG HARLEY-DAVIDSON INC 2411053 25.35 81,562 2,067,596.70
0.45 ELAN ELANCO ANIMAL HEALTH INC BF5L3T2 10.83 190,471 2,062,800.93
0.45 RF REGIONS FINANCIAL CORP B01R311 21.75 94,769 2,061,225.75
0.45 HBAN HUNTINGTON BANCSHARES INC 2445966 14.97 136,705 2,046,473.85
0.45 LAD LITHIA MOTORS INC 2515030 306.72 6,665 2,044,288.80
0.45 FANG DIAMONDBACK ENERGY INC B7Y8YR3 157.60 12,971 2,044,229.60
0.45 FNB FNB CORP 2041308 13.72 148,219 2,033,564.68
0.45 CFG CITIZENS FINANCIAL GROUP BQRX1X3 41.36 49,015 2,027,260.40
0.45 BBY BEST BUY CO INC 2094670 73.79 27,464 2,026,568.56
0.44 WBS WEBSTER FINANCIAL CORP 2945143 52.10 38,861 2,024,658.10
0.44 TFC TRUIST FINANCIAL CORP BKP7287 41.27 49,036 2,023,715.72
0.44 OZK BANK OZK BZ56Q65 44.61 45,218 2,017,174.98
0.44 C CITIGROUP INC 2297907 71.44 28,218 2,015,893.92
0.44 SLG SL GREEN REALTY CORP BPGKM57 58.68 34,310 2,013,310.80
0.44 OMF ONEMAIN HOLDINGS INC BYSZB89 49.87 40,356 2,012,553.72
0.44 HPQ HP INC BYX4D52 28.76 69,563 2,000,631.88
0.44 COLB COLUMBIA BANKING 2176608 24.97 80,106 2,000,246.82
0.44 MTH MERITAGE HOMES CORP 2601326 71.17 28,090 1,999,165.30
0.43 UMBF UMB FINANCIAL CORP 2918510 103.59 19,115 1,980,122.85
0.43 CADE CADENCE BANK BMCS168 30.66 64,180 1,967,758.80
0.43 ZION ZIONS BANCORP NA 2989828 49.34 39,680 1,957,811.20
0.43 VTRS VIATRIS INC BMWS3X9 9.42 206,871 1,948,724.82
0.42 GAP GAP INC/THE 2360326 20.21 93,536 1,890,362.56
0.40 FMC FMC CORP 2328603 43.21 42,317 1,828,517.57
0.40 CE CELANESE CORP B05MZT4 57.20 31,537 1,803,916.40
0.39 SWKS SKYWORKS SOLUTIONS INC 2961053 70.05 25,049 1,754,682.45
0.38 NE NOBLE CORP PLC BN2QTL0 24.70 69,491 1,716,427.70
0.36 WHR WHIRLPOOL CORP 2960384 94.50 17,454 1,649,403.00
0.35 CIVI CIVITAS RESOURCES INC BMG9GG2 36.19 44,167 1,598,403.73
0.34 PVH PVH CORP B3V9F12 65.28 23,955 1,563,782.40
0.34 HPE HEWLETT PACKA BYVYWS0 16.34 94,372 1,542,038.48
0.33 ACHC ACADIA HEALTHCARE CO INC B65VZ37 29.26 52,066 1,523,451.16
0.32 YUM YUM! BRANDS INC 2098876 157.51 9,302 1,465,158.02
0.20 OTHER PAYABLE & RECEIVABLES 1.00 924,722 924,722.11
0.20 PGR PROGRESSIVE CORP 2705024 273.29 3,352 916,068.08
0.18 PG PROCTER & GAMBLE CO/THE 2704407 168.57 4,963 836,612.91
0.18 ABBV ABBVIE INC B92SR70 212.25 3,899 827,562.75
0.16 TW TRADEWEB MARKE-A BJXMVK2 142.27 4,980 708,504.60
0.14 KR KROGER CO 2497406 65.48 9,614 629,524.72
0.14 COST COSTCO WHOLESALE CORP 2701271 904.05 689 622,890.45
0.14 SNA SNAP-ON INC 2818740 332.78 1,855 617,306.90
0.11 GRMN GARMIN LTD B3Z5T14 208.77 2,469 515,453.13
0.11 WMB WILLIAMS COS INC 2967181 59.32 8,433 500,245.56
0.11 MCK MCKESSON CORP 2378534 663.79 745 494,523.55
0.11 SO SOUTHERN CO/THE 2829601 89.60 5,459 489,126.40
0.11 AFL AFLAC INC 2026361 108.46 4,488 486,768.48
0.11 DUK DUKE ENERGY CORP B7VD3F2 119.31 4,007 478,075.17
0.10 WRB WR BERKLEY CORP 2093644 63.69 7,309 465,510.21
0.10 VRSN VERISIGN INC 2142922 242.21 1,912 463,105.52
0.10 ORI OLD REPUBLIC INTL CORP 2659109 37.71 11,989 452,105.19
0.10 MA MASTERCARD INC - A B121557 536.09 825 442,274.25
0.10 ED CONSOLIDATED EDISON INC 2216850 107.49 4,038 434,044.62
0.09 AAPL APPLE INC 2046251 215.24 1,960 421,870.40
0.09 NOC NORTHROP GRUMMAN CORP 2648806 491.52 856 420,741.12
0.09 CAH CARDINAL HEALTH INC 2175672 132.12 3,165 418,159.80
0.09 ECL ECOLAB INC 2304227 254.12 1,623 412,436.76
0.09 WTW WILLIS TOWERS WATSON PLC BDB6Q21 334.51 1,227 410,443.77
0.09 CHE CHEMED CORP 2190084 603.62 678 409,254.36
0.09 ROP ROPER TECHNOLOGIES INC 2749602 577.83 695 401,591.85
0.09 GDDY GODADDY INC - CLASS A BWFRFC6 181.44 2,203 399,712.32
0.09 FI FISERV INC 2342034 220.35 1,798 396,189.30
0.09 AMGN AMGEN INC 2023607 315.75 1,253 395,634.75
0.09 VRSK VERISK ANALYTICS INC B4P9W92 289.74 1,348 390,569.52
0.09 PNW PINNACLE WEST CAPITAL 2048804 94.20 4,135 389,517.00
0.09 IBM IBM 2005973 252.29 1,537 387,769.73
0.09 INGR INGREDION INC B7K24P7 132.41 2,921 386,769.61
0.08 CVX CHEVRON CORP 2838555 164.05 2,332 382,564.60
0.08 XOM EXXON MOBIL CORP 2326618 115.41 3,288 379,468.08
0.08 WEC WEC ENERGY GROUP INC BYY8XK8 107.55 3,525 379,113.75
0.08 CI THE CIGNA GROUP BHJ0775 320.83 1,175 376,975.25
0.08 WELL WELLTOWER INC BYVYHH4 148.76 2,526 375,767.76
0.08 AEP AMERICAN ELECTRIC POWER 2026242 105.84 3,529 373,509.36
0.08 DGX QUEST DIAGNOSTICS INC 2702791 168.01 2,223 373,486.23
0.08 AJG ARTHUR J GALLAGHER & CO 2359506 326.64 1,140 372,369.60
0.08 PKG PACKAGING CORP OF AMERICA 2504566 198.49 1,854 368,000.46
0.08 HIG HARTFORD INSURANCE GROUP 2476193 119.67 3,068 367,147.56
0.08 CL COLGATE-PALMOLIVE CO 2209106 90.44 4,051 366,372.44
0.08 CMS CMS ENERGY CORP 2219224 73.71 4,961 365,675.31
0.08 CB CHUBB LTD B3BQMF6 296.25 1,229 364,091.25
0.08 TRV TRAVELERS COS INC/THE 2769503 261.32 1,389 362,973.48
0.08 AON AON PLC-CLASS A BLP1HW5 390.38 918 358,368.84
0.08 L LOEWS CORP 2523022 87.80 4,059 356,380.20
0.08 ATO ATMOS ENERGY CORP 2315359 150.75 2,350 354,262.50
0.08 PPL PPL CORP 2680905 34.99 10,092 353,119.08
0.08 TJX TJX COMPANIES INC 2989301 117.86 2,995 352,990.70
0.08 AME AMETEK INC 2089212 177.07 1,993 352,900.51
0.08 EVRG EVERGY INC BFMXGR0 67.76 5,203 352,555.28
0.08 ATR APTARGROUP INC 2045247 146.98 2,371 348,489.58
0.08 NI NISOURCE INC 2645409 39.28 8,780 344,878.40
0.07 ETR ENTERGY CORP 2317087 84.66 3,993 338,047.38
0.07 CHD CHURCH & DWIGHT CO INC 2195841 108.03 3,075 332,192.25
0.07 FE FIRSTENERGY CORP 2100920 39.56 8,373 331,235.88
0.07 BDX BECTON DICKINSON AND CO 2087807 231.79 1,376 318,943.04
0.07 HON HONEYWELL INTL 2020459 208.65 1,487 310,262.55
0.06 HOLX HOLOGIC INC 2433530 61.47 4,591 282,208.77
0.06 LDOS LEIDOS HOLDINGS INC BDV82B8 138.60 2,029 281,219.40
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 03/19/25

Return on Equity 14.20%
Weighted Avg. Market Cap 122,691 M
2024 2025
Price-to-earnings 13.01 12.58
Price-to-book value 1.87 1.71

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 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.