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AUSF

Adaptive U.S. Factor ETF

Morningstar Rating™ - Overall rating out of 373 Mid-Cap Value funds, based on risk-adjusted returns as of 10/31/2024

 

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 11/22/24

Inception Date 08/24/18
Total Expense Ratio 0.27%
Net Assets $356.58 million
NAV $44.57
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 11/22/24

Ticker AUSF
Bloomberg Index Ticker AWSUSF
CUSIP 37954Y574
ISIN US37954Y5740
Primary Exchange NYSE Arca
Shares Outstanding 8,000,002
Number of Holdings 193
30-Day Median Bid-Ask Spread 0.23%

Distributions As of 11/22/24

30-Day SEC Yield 2.50%
Distribution Frequency Quarterly

ETF Prices As of 11/22/24

NAV $44.57 Daily Change $0.55 1.25%
Market Price $44.62 Daily Change $0.55 1.25%

Performance History

As of recent
(09/30/24)
As of recent
(09/30/24)
Fund NAV Market Price Index
1 Year 38.68% 38.81% 39.23%
3 Years 15.48% 15.46% 15.87%
5 Years 14.28% 14.29% 14.66%
Since Inception 12.36% 12.38% 12.73%
1 Year 39.35% 40.07% 39.93%
3 Years 14.27% 14.44% 14.65%
5 Years 13.97% 14.07% 14.34%
Since Inception 12.15% 12.24% 12.52%
Year-to-Date 16.74% 16.85% 17.06%
1 Month 0.57% 0.52% 0.60%
3 Months 8.21% 8.34% 8.30%
Since Inception 103.78% 103.97% 107.91%
Year-to-Date 16.52% 17.12% 16.87%
1 Month -0.19% 0.23% -0.16%
3 Months 1.95% 2.45% 2.01%
Since Inception 103.39% 104.44% 107.57%

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 11/22/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
1.88 T AT&T INC 2831811 23.18 289,618 6,713,345.24
1.82 VZ VERIZON COMMUNIC 2090571 43.15 150,858 6,509,522.70
1.58 WMT WALMART INC 2936921 90.44 62,417 5,644,993.48
1.57 TMUS T-MOBILE US INC B94Q9V0 238.28 23,516 5,603,392.48
1.55 RSG REPUBLIC SERVICES INC 2262530 216.79 25,519 5,532,264.01
1.50 BSX BOSTON SCIENTIFIC CORP 2113434 90.00 59,493 5,354,370.00
1.48 V VISA INC-CLASS A SHARES B2PZN04 309.92 17,110 5,302,731.20
1.48 BRK/B BERKSHIRE HATH-B 2073390 476.57 11,113 5,296,122.41
1.48 COR CENCORA INC 2795393 245.02 21,600 5,292,432.00
1.43 ADP AUTOMATIC DATA PROCESSING 2065308 305.15 16,694 5,094,174.10
1.42 MMC MARSH & MCLENNAN COS 2567741 227.82 22,211 5,060,110.02
1.41 ICE INTERCONTINENTAL BFSSDS9 159.29 31,533 5,022,891.57
1.40 CSCO CISCO SYSTEMS INC 2198163 58.55 85,400 5,000,170.00
1.39 EA ELECTRONIC ARTS INC 2310194 166.67 29,831 4,971,932.77
1.39 IBM IBM 2005973 222.97 22,263 4,963,981.11
1.38 RTX RTX CORPORATION BM5M5Y3 120.77 40,920 4,941,908.40
1.38 LMT LOCKHEED MARTIN CORP 2522096 542.22 9,104 4,936,370.88
1.38 WM WASTE MANAGEMENT INC 2937667 224.41 21,964 4,928,941.24
1.36 CME CME GROUP INC 2965839 229.04 21,232 4,862,977.28
1.33 JNPR JUNIPER NETWORKS INC 2431846 35.91 132,814 4,769,350.74
1.32 LIN LINDE PLC BNZHB81 454.78 10,397 4,728,347.66
1.32 JNJ JOHNSON & JOHNSON 2475833 155.17 30,347 4,708,943.99
1.30 GD GENERAL DYNAMICS CORP 2365161 281.81 16,538 4,660,573.78
1.30 EDR ENDEAVOR GROUP-A BJQ05Y5 29.78 155,785 4,639,277.30
1.27 ACI ALBERTSONS COS-A BYNQ369 19.37 234,624 4,544,666.88
1.25 DOX AMDOCS LTD 2256908 85.67 52,081 4,461,779.27
1.01 KO COCA-COLA CO/THE 2206657 63.92 56,631 3,619,853.52
0.99 MRK MERCK & CO. INC. 2778844 99.18 35,565 3,527,336.70
0.93 CBOE CBOE GLOBAL MARKETS INC B5834C5 213.26 15,624 3,331,974.24
0.84 BR BROADRIDGE FINL B1VP7R6 230.24 13,018 2,997,264.32
0.84 PG PROCTER & GAMBLE CO/THE 2704407 176.28 16,941 2,986,359.48
0.72 DTM DT MIDSTREAM INC BN7L880 108.56 23,693 2,572,112.08
0.69 MARA MARA HOLDINGS INC BLR7B52 26.03 94,835 2,468,555.05
0.68 MCD MCDONALD'S CORP 2550707 290.28 8,418 2,443,577.04
0.67 UNM UNUM GROUP 2433842 75.84 31,377 2,379,631.68
0.66 PEP PEPSICO INC 2681511 162.00 14,527 2,353,374.00
0.66 KMI KINDER MORGAN INC B3NQ4P8 28.49 82,434 2,348,544.66
0.65 TPR TAPESTRY INC BF09HX3 58.92 39,397 2,321,271.24
0.64 MO ALTRIA GROUP INC 2692632 56.73 40,337 2,288,318.01
0.58 FHN FIRST HORIZON CORP 2341484 20.93 99,633 2,085,318.69
0.58 IP INTERNATIONAL PAPER CO 2465254 59.32 34,986 2,075,369.52
0.58 OKE ONEOK INC 2130109 117.05 17,718 2,073,891.90
0.58 WBS WEBSTER FINANCIAL CORP 2945143 61.76 33,316 2,057,596.16
0.58 SYF SYNCHRONY FINANCIAL BP96PS6 65.99 31,178 2,057,436.22
0.57 FNB FNB CORP 2041308 17.15 118,427 2,031,023.05
0.57 LAD LITHIA MOTORS INC 2515030 390.86 5,192 2,029,345.12
0.57 COLB COLUMBIA BANKING 2176608 31.64 63,994 2,024,770.16
0.56 AL AIR LEASE CORP B3XS562 50.64 39,749 2,012,889.36
0.56 UMBF UMB FINANCIAL CORP 2918510 125.00 16,085 2,010,625.00
0.56 ZION ZIONS BANCORP NA 2989828 60.58 33,055 2,002,471.90
0.56 UBSI UNITED BANKSHARES INC 2905794 42.81 46,467 1,989,252.27
0.56 CMA COMERICA INC 2212870 71.09 27,943 1,986,467.87
0.56 GAP GAP INC/THE 2360326 24.87 79,827 1,985,297.49
0.56 VTRS VIATRIS INC BMWS3X9 13.37 148,474 1,985,097.38
0.55 ABG ASBURY AUTOMOTIVE GROUP 2855855 261.30 7,580 1,980,654.00
0.55 RF REGIONS FINANCIAL CORP B01R311 27.28 72,532 1,978,672.96
0.55 PVH PVH CORP B3V9F12 103.87 19,040 1,977,684.80
0.55 HBAN HUNTINGTON BANCSHARES INC 2445966 17.89 110,350 1,974,161.50
0.55 CFG CITIZENS FINANCIAL GROUP BQRX1X3 47.65 41,383 1,971,899.95
0.55 CADE CADENCE BANK BMCS168 38.88 50,706 1,971,449.28
0.55 PB PROSPERITY BANCSHARES INC 2310257 84.30 23,380 1,970,934.00
0.55 UGI UGI CORP 2910118 28.50 68,934 1,964,619.00
0.55 ONB OLD NATIONAL BANCORP 2658441 21.65 90,686 1,963,351.90
0.55 HPE HEWLETT PACKA BYVYWS0 22.10 88,824 1,963,010.40
0.54 WHR WHIRLPOOL CORP 2960384 112.52 17,283 1,944,683.16
0.54 OZK BANK OZK BZ56Q65 49.33 39,209 1,934,179.97
0.54 NE NOBLE CORP PLC BN2QTL0 35.41 54,498 1,929,774.18
0.54 ALLY ALLY FINANCIAL INC B72XK05 37.85 50,734 1,920,281.90
0.54 GM GENERAL MOTORS CO B665KZ5 58.53 32,745 1,916,564.85
0.54 INTC INTEL CORP 2463247 24.50 78,035 1,911,857.50
0.53 C CITIGROUP INC 2297907 69.84 27,173 1,897,762.32
0.53 PCAR PACCAR INC 2665861 114.75 16,528 1,896,588.00
0.53 CNH CNH INDUSTRIAL NV BDX85Z1 12.15 155,193 1,885,594.95
0.53 HPQ HP INC BYX4D52 38.13 49,419 1,884,346.47
0.52 VNOM VIPER ENERGY INC BR1YSF0 56.55 33,151 1,874,689.05
0.52 BEN FRANKLIN RESOURCES INC 2350684 21.96 85,365 1,874,615.40
0.52 NOV NOV INC BN2RYW9 16.61 112,224 1,864,040.64
0.52 AM ANTERO MIDSTREAM CORP BJBT0Q4 15.77 118,142 1,863,099.34
0.52 LNC LINCOLN NATIONAL CORP 2516378 35.34 52,614 1,859,378.76
0.52 LBRDK LIBERTY BROADBAND-C BRTLC06 86.92 21,311 1,852,352.12
0.52 TAP MOLSON COORS-B B067BM3 60.36 30,589 1,846,352.04
0.52 BCC BOISE CASCADE CO B9BP4R1 143.78 12,805 1,841,102.90
0.51 M MACY'S INC 2345022 16.30 112,795 1,838,558.50
0.51 RITM RITHM CAPITAL CORP BRJ9GW0 10.98 166,330 1,826,303.40
0.51 JXN JACKSON FINANCIAL INC-A BMFX6P4 101.88 17,755 1,808,879.40
0.51 SLG SL GREEN REALTY CORP BPGKM57 79.63 22,701 1,807,680.63
0.51 CIVI CIVITAS RESOURCES INC BMG9GG2 52.80 34,175 1,804,440.00
0.50 HST HOST HOTELS & RESORTS INC 2567503 18.25 98,669 1,800,709.25
0.50 CHE CHEMED CORP 2190084 570.96 3,152 1,799,665.92
0.50 CHRD CHORD ENERGY CORP BLDDYB1 134.43 13,348 1,794,371.64
0.50 CMCSA COMCAST CORP-CLASS A 2044545 43.47 41,277 1,794,311.19
0.49 CNC CENTENE CORP 2807061 60.37 29,220 1,764,011.40
0.49 CVS CVS HEALTH CORP 2577609 58.01 30,197 1,751,727.97
0.49 QGEN QIAGEN N.V. BMGBZP0 42.78 40,716 1,741,830.48
0.49 RDN RADIAN GROUP INC 2173911 34.72 49,995 1,735,576.43
0.49 AVT AVNET INC 2066505 54.45 31,810 1,732,054.50
0.48 CRBG COREBRIDGE FINANCIAL INC BMTX0G9 31.75 54,499 1,730,343.25
0.48 NXST Nexstar Media Group Inc 2949758 169.75 10,151 1,723,132.25
0.48 STWD STARWOOD PROPERT B3PQ520 19.92 86,284 1,718,777.28
0.48 AGNC AGNC INVESTMENT CORP BYYHJL8 9.74 176,080 1,715,019.20
0.48 BWA BORGWARNER INC 2111955 34.12 50,252 1,714,598.24
0.48 SNX TD SYNNEX CORP 2002554 118.82 14,357 1,705,898.74
0.48 MOS MOSAIC CO/THE B3NPHP6 26.03 65,333 1,700,617.99
0.48 KRC KILROY REALTY CORP 2495529 40.65 41,811 1,699,617.15
0.47 RNR RENAISSANCERE 2728429 271.90 6,236 1,695,568.40
0.47 X UNITED STATES STEEL CORP 2824770 39.03 43,407 1,694,175.21
0.47 DINO HF SINCLAIR CORP BMZQ9C1 42.37 39,960 1,693,105.20
0.47 SOLV SOLVENTUM CORP BMTQB43 70.81 23,900 1,692,359.00
0.47 EMN EASTMAN CHEMICAL CO 2298386 105.59 16,021 1,691,657.39
0.47 BG BUNGE GLOBAL SA BQ6BPG9 87.65 19,260 1,688,139.00
0.47 HOG HARLEY-DAVIDSON INC 2411053 33.55 50,223 1,684,981.65
0.47 VICI VICI PROPERTIES INC BYWH073 32.23 52,216 1,682,921.68
0.46 SON SONOCO PRODUCTS CO 2821395 50.92 32,538 1,656,834.96
0.46 RPRX ROYALTY PHARMA PLC- CL A BMVP7Y0 26.43 62,680 1,656,632.40
0.46 BBY BEST BUY CO INC 2094670 89.54 18,367 1,644,581.18
0.46 WU WESTERN UNION CO B1F76F9 11.06 148,432 1,641,657.92
0.46 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 83.87 19,550 1,639,658.50
0.45 ADM ARCHER-DANIELS-MIDLAND CO 2047317 53.13 30,556 1,623,440.28
0.45 FMC FMC CORP 2328603 58.74 27,617 1,622,222.58
0.45 TDG TRANSDIGM GROUP INC B11FJK3 1,260.32 1,271 1,601,866.72
0.45 MDT MEDTRONIC PLC BTN1Y11 86.21 18,574 1,601,264.54
0.45 LEA LEAR CORP B570P91 97.89 16,339 1,599,424.71
0.45 CAG CONAGRA BRANDS INC 2215460 27.42 58,218 1,596,337.56
0.44 WBA WALGREENS BOOTS BTN1Y44 8.66 183,411 1,588,339.26
0.44 ARW ARROW ELECTRONICS INC 2051404 119.26 13,220 1,576,617.20
0.43 SWKS SKYWORKS SOLUTIONS INC 2961053 85.41 18,061 1,542,590.01
0.43 KHC KRAFT HEINZ CO/THE BYRY499 31.81 48,294 1,536,232.14
0.43 HII HUNTINGTON INGAL B40SSC9 198.95 7,704 1,532,710.80
0.43 PFE PFIZER INC 2684703 25.65 59,413 1,523,943.45
0.43 OGN ORGANON & CO BLDC8J4 15.28 99,609 1,522,025.52
0.42 DOW DOW INC BHXCF84 45.46 33,293 1,513,499.78
0.29 CE CELANESE CORP B05MZT4 74.70 13,678 1,021,746.60
0.26 YUM YUM! BRANDS INC 2098876 135.27 6,761 914,560.47
0.18 PGR PROGRESSIVE CORP 2705024 266.06 2,472 657,700.32
0.18 CACI CACI INTL-A 2159267 468.78 1,371 642,697.38
0.14 ABBV ABBVIE INC B92SR70 176.95 2,899 512,978.05
0.14 TW TRADEWEB MARKE-A BJXMVK2 135.99 3,589 488,068.11
0.13 GRMN GARMIN LTD B3Z5T14 210.33 2,143 450,737.19
0.12 COST COSTCO WHOLESALE CORP 2701271 964.01 440 424,164.40
0.12 CHD CHURCH & DWIGHT CO INC 2195841 111.90 3,769 421,751.10
0.12 SO SOUTHERN CO/THE 2829601 87.60 4,757 416,713.20
0.12 KR KROGER CO 2497406 59.22 7,028 416,198.16
0.12 TRV TRAVELERS COS INC/THE 2769503 262.47 1,572 412,602.84
0.10 AFL AFLAC INC 2026361 112.39 3,295 370,325.05
0.10 LDOS LEIDOS HOLDINGS INC BDV82B8 165.51 2,211 365,942.61
0.10 GDDY GODADDY INC - CLASS A BWFRFC6 196.35 1,859 365,014.65
0.10 WMB WILLIAMS COS INC 2967181 59.65 6,098 363,745.70
0.10 SNA SNAP-ON INC 2818740 365.97 971 355,356.87
0.10 OTHER PAYABLE & RECEIVABLES 1.00 352,195 352,194.79
0.10 AAPL APPLE INC 2046251 229.87 1,523 350,092.01
0.10 ORI OLD REPUBLIC INTL CORP 2659109 38.60 8,894 343,308.40
0.10 VRSK VERISK ANALYTICS INC B4P9W92 290.73 1,165 338,700.45
0.09 DUK DUKE ENERGY CORP B7VD3F2 114.70 2,931 336,185.70
0.09 WRB WR BERKLEY CORP 2093644 62.27 5,391 335,697.57
0.09 PKG PACKAGING CORP OF AMERICA 2504566 246.39 1,326 326,713.14
0.09 AME AMETEK INC 2089212 197.38 1,651 325,874.38
0.09 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 500.90 649 325,084.10
0.09 CVX CHEVRON CORP 2838555 162.36 1,985 322,284.60
0.09 MCK MCKESSON CORP 2378534 623.19 506 315,334.14
0.09 PNW PINNACLE WEST CAPITAL 2048804 92.93 3,310 307,598.30
0.09 ATR APTARGROUP INC 2045247 171.51 1,793 307,517.43
0.08 NOC NORTHROP GRUMMAN CORP 2648806 496.87 589 292,656.43
0.08 ED CONSOLIDATED EDISON INC 2216850 98.36 2,966 291,735.76
0.08 MA MASTERCARD INC - A B121557 520.86 559 291,160.74
0.08 VRSN VERISIGN INC 2142922 180.77 1,600 289,232.00
0.08 XOM EXXON MOBIL CORP 2326618 121.79 2,363 287,789.77
0.08 HIG HARTFORD FINL SV 2476193 120.72 2,367 285,744.24
0.08 CB CHUBB LTD B3BQMF6 285.21 1,000 285,210.00
0.08 BDX BECTON DICKINSON AND CO 2087807 224.00 1,238 277,312.00
0.08 FI FISERV INC 2342034 221.56 1,243 275,399.08
0.08 HOLX HOLOGIC INC 2433530 78.97 3,475 274,420.75
0.08 CAH CARDINAL HEALTH INC 2175672 121.84 2,236 272,434.24
0.08 INGR INGREDION INC B7K24P7 146.47 1,838 269,211.86
0.08 UNH UNITEDHEALTH GROUP INC 2917766 590.87 451 266,482.37
0.08 CI THE CIGNA GROUP BHJ0775 328.45 811 266,372.95
0.07 TJX TJX COMPANIES INC 2989301 121.47 2,191 266,140.77
0.07 L LOEWS CORP 2523022 86.07 3,085 265,525.95
0.07 ROP ROPER TECHNOLOGIES INC 2749602 560.14 469 262,705.66
0.07 AJG ARTHUR J GALLAGHER & CO 2359506 304.29 862 262,297.98
0.07 CL COLGATE-PALMOLIVE CO 2209106 94.92 2,763 262,263.96
0.07 AMGN AMGEN INC 2023607 294.53 889 261,837.17
0.07 WELL WELLTOWER INC BYVYHH4 137.91 1,889 260,511.99
0.07 DGX QUEST DIAGNOSTICS INC 2702791 163.59 1,589 259,944.51
0.07 ATO ATMOS ENERGY CORP 2315359 149.18 1,739 259,424.02
0.07 HON HONEYWELL INTL 2020459 229.11 1,123 257,290.53
0.07 CTLT CATALENT INC BP96PQ4 60.98 4,197 255,933.06
0.07 ECL ECOLAB INC 2304227 245.30 1,043 255,847.90
0.07 KMB KIMBERLY-CLARK CORP 2491839 138.42 1,817 251,509.14
0.07 K KELLANOVA 2486813 81.17 3,086 250,490.62
0.07 VRTX VERTEX PHARM 2931034 450.97 539 243,072.83
0.07 FE FIRSTENERGY CORP 2100920 41.79 5,629 235,235.91
0.06 MDLZ MONDELEZ INTER-A B8CKK03 64.40 3,547 228,426.80
0.06 AKAM AKAMAI TECHNOLOGIES INC 2507457 92.90 2,429 225,654.10
0.05 REGN REGENERON PHARMACEUTICALS 2730190 738.00 255 188,190.00
0.04 CASH 1.00 155,663 155,663.12
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 10/31/24

Sector Weight (%)
Financials 25.5
Industrials 14.1
Health Care 11.1
Information Technology 10.1
Consumer Staples 9.6
Communication Services 8.9
Consumer Discretionary 8.1
Materials 5.6
Energy 5.1
Real Estate 1.0
Utilities 0.8
Other 0.1

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Financial Services 10.5
Banks 10.1
Capital Goods 8.8
Health Care Equipment & Services 6.1
Telecommunication Services 5.7
Technology Hardware & Equipment 5.7
Materials 5.6
Energy 5.1
Pharmaceuticals, Biotechnology & Life Sciences 5.0
Insurance 5.0
Food, Beverage & Tobacco 4.8
Other 27.6

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 11/22/24

Return on Equity 14.40%
Weighted Avg. Market Cap 116,932 M
2023 2024
Price-to-earnings 13.33 13.71
Price-to-book value 2.07 1.89

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 10/31/24

Versus Beta
S&P 500 0.78
NASDAQ-100 0.47
MSCI EAFE 0.70
MSCI Emg. Mkts 0.42
Standard Deviation 15.70%

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 10/31, AUSF was rated against the following numbers of Mid-Cap Value funds over the following time periods: 373 during the last 3 years, 361 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.

© 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. 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.