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FLOW

U.S. Cash Flow Kings 100 ETF

 

Reasons to Consider FLOW

Strong Balance Sheets

FLOW holds companies that generate a high level of free cash flow, which may be better positioned to invest in new projects, increase dividend payouts, or pay down debt.

Measure of Profitability

Stocks of companies with high free cash flow are less sensitive to accounting adjustments that may impair the quality of a company’s profitability.

ETF Efficiency

FLOW allows investors to buy and sell a basket of U.S. equities that have high free cash flow yields,1 with the tax efficiency of an ETF.

1Free cash flow is the cash a company generates after accounting for operating and capital expenditures. Free cash flow yield is defined as a company’s free cash flow per share, divided by its enterprise value per share.

Key Information As of 01/10/25

Inception Date 07/10/23
Total Expense Ratio 0.25%
Net Assets $4.06 million
NAV $31.23
Fact Sheet View the document

ETF Summary

The Global X U.S. Cash Flow Kings 100 ETF (FLOW) offers exposure to U.S. companies that exhibit high free cash flow yields, relative to the broader domestic equity market. Free cash flow is a measure of profitability that correlates with quality, growth and value factor orientations,2 making FLOW a potentially appealing choice as a portfolio’s core allocation. FLOW may minimize idiosyncratic risks by implementing a sector cap of 25% and an individual constituent cap of 2%.

ETF Objective

The Global X U.S. Cash Flow Kings 100 ETF (FLOW) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Global X U.S. Cash Flow Kings 100 Index.

Trading Details As of 01/08/25

Ticker FLOW
Bloomberg Index Ticker GXFLOWT
CUSIP 37960A578
ISIN US37960A5781
Primary Exchange NYSE Arca
Shares Outstanding 130,000
Number of Holdings 100
30-Day Median Bid-Ask Spread 0.48%

Distributions As of 01/10/25

30-Day SEC Yield 1.94%
Trailing 12-Month Distribution (%) 2.12%
Distribution Rate 1.92%
Distribution Frequency Monthly

2Global X ETFs, July 2023. "Introducing the U.S. Cash Flow Kings 100 ETF (FLOW)"

ETF Prices As of 01/10/25

NAV $31.23 Daily Change -$0.27 -0.86%
Market Price $31.27 Daily Change -$0.24 -0.76%

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 13.21% 13.01% 13.56%
Since Inception 17.28% 17.28% 17.64%
1 Year 13.21% 13.01% 13.56%
Since Inception 17.28% 17.28% 17.64%
Year-to-Date 13.21% 13.01% 13.56%
1 Month -6.28% -6.40% -6.29%
3 Months -1.55% -1.67% -1.49%
Since Inception 26.60% 26.59% 27.16%
Year-to-Date 13.21% 13.01% 13.56%
1 Month -6.28% -6.40% -6.29%
3 Months -1.55% -1.67% -1.49%
Since Inception 26.60% 26.59% 27.16%

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 01/10/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.22 EOG EOG RESOURCES INC 2318024 131.41 686 90,147.26
2.19 OXY OCCIDENTAL PETROLEUM CORP 2655408 51.30 1,732 88,851.60
2.16 VLO VALERO ENERGY CORP 2041364 127.15 688 87,479.20
2.15 COP CONOCOPHILLIPS 2685717 101.92 858 87,447.36
2.15 CVX CHEVRON CORP 2838555 153.14 571 87,442.94
2.14 MPC MARATHON PETROLEUM CORP B3K3L40 142.27 612 87,069.24
2.11 SLB SCHLUMBERGER LTD 2779201 38.62 2,216 85,581.92
2.07 QCOM QUALCOMM INC 2714923 156.98 534 83,827.32
2.04 ADM ARCHER-DANIELS-MIDLAND CO 2047317 51.09 1,617 82,612.53
2.02 XOM EXXON MOBIL CORP 2326618 106.54 771 82,142.34
2.02 HPQ HP INC BYX4D52 33.20 2,471 82,037.20
1.99 THC TENET HEALTHCARE CORP B8DMK08 127.97 630 80,621.10
1.96 BMY BRISTOL-MYERS SQUIBB CO 2126335 55.83 1,422 79,390.26
1.95 GILD GILEAD SCIENCES INC 2369174 89.88 882 79,274.16
1.91 T AT&T INC 2831811 21.69 3,577 77,585.13
1.90 MO ALTRIA GROUP INC 2692632 50.87 1,513 76,966.31
1.89 LEN LENNAR CORP-A 2511920 129.56 591 76,569.96
1.88 GEN GEN DIGITAL INC BJN4XN5 26.90 2,840 76,396.00
1.86 NKE NIKE INC -CL B 2640147 71.20 1,061 75,543.20
1.82 WBD WARNER BROS DISCOVERY INC BM8JYX3 9.70 7,635 74,059.50
1.71 EXPE EXPEDIA GROUP INC B748CK2 180.20 386 69,557.20
1.66 FANG DIAMONDBACK ENERGY INC B7Y8YR3 174.77 386 67,461.22
1.65 BIIB BIOGEN INC 2455965 148.82 451 67,117.82
1.63 VTRS VIATRIS INC BMWS3X9 11.67 5,654 65,982.18
1.55 WPC WP CAREY INC B826YT8 53.88 1,168 62,931.84
1.54 SWKS SKYWORKS SOLUTIONS INC 2961053 90.20 692 62,418.40
1.48 BLDR BUILDERS FIRSTSOURCE INC B0BV2M7 139.96 430 60,182.80
1.48 FOXA FOX CORP - CLASS A BJJMGL2 48.19 1,248 60,141.12
1.47 ZM ZOOM COMMUNICATIONS INC BGSP7M9 79.46 753 59,833.38
1.37 PPC PILGRIM'S PRIDE CORP B5L3PZ2 45.95 1,207 55,461.65
1.29 CAG CONAGRA BRANDS INC 2215460 25.94 2,018 52,346.92
1.28 OMC OMNICOM GROUP 2279303 82.07 632 51,868.24
1.18 HAL HALLIBURTON CO 2405302 26.97 1,779 47,979.63
1.14 TPR TAPESTRY INC BF09HX3 67.15 692 46,467.80
1.05 HOLX HOLOGIC INC 2433530 71.70 597 42,804.90
1.02 ADT ADT INC BFWCP81 6.87 6,048 41,549.76
1.02 GAP GAP INC/THE 2360326 24.15 1,712 41,344.80
1.01 INGR INGREDION INC B7K24P7 130.81 313 40,943.53
1.01 CCK CROWN HOLDINGS INC 2427986 78.77 519 40,881.63
0.99 BG BUNGE GLOBAL SA BQ6BPG9 81.22 493 40,041.46
0.98 MTZ MASTEC INC 2155306 144.60 275 39,765.00
0.94 TAP MOLSON COORS-B B067BM3 52.44 725 38,019.00
0.90 RL RALPH LAUREN CORP B4V9661 237.34 154 36,550.36
0.89 ARW ARROW ELECTRONICS INC 2051404 111.95 324 36,271.80
0.89 OVV OVINTIV INC BJ01KB6 43.61 830 36,196.30
0.87 DXC DXC TECHNOLOGY CO BYXD7B3 19.47 1,823 35,493.81
0.86 IGT INTERNATIONAL GA BVG7F06 17.40 2,000 34,800.00
0.85 CROX CROCS INC B0T7Z62 110.04 314 34,552.56
0.84 UTHR UNITED THERAPEUTICS CORP 2430412 364.97 93 33,942.21
0.78 IPG INTERPUBLIC GRP 2466321 26.64 1,186 31,595.04
0.76 NXST Nexstar Media Group Inc 2949758 150.43 206 30,988.58
0.76 DBX DROPBOX INC-CLASS A BG0T321 29.41 1,047 30,792.27
0.75 MTCH MATCH GROUP INC BK80XH9 30.81 989 30,471.09
0.72 OGN ORGANON & CO BLDC8J4 15.85 1,847 29,274.95
0.72 QRVO QORVO INC BR9YYP4 71.69 408 29,249.52
0.71 HAS HASBRO INC 2414580 57.04 508 28,976.32
0.68 PVH PVH CORP B3V9F12 99.87 276 27,564.12
0.68 BWA BORGWARNER INC 2111955 31.04 883 27,408.32
0.67 CART MAPLEBEAR INC BN4L6W3 44.23 619 27,378.37
0.66 MAT MATTEL INC 2572303 18.68 1,439 26,880.52
0.64 HOG HARLEY-DAVIDSON INC 2411053 27.80 935 25,993.00
0.63 DDS DILLARDS INC-CL A 2269768 446.43 57 25,446.51
0.60 LEVI LEVI STRAUSS-A BHRWS81 17.62 1,378 24,280.36
0.60 MIDD MIDDLEBY CORP 2590930 134.50 180 24,210.00
0.59 HRB H&R BLOCK INC 2105505 53.62 449 24,075.38
0.59 ETSY ETSY INC BWTN5N1 52.57 452 23,761.64
0.58 AVT AVNET INC 2066505 51.43 461 23,709.23
0.56 LYFT LYFT INC-A BJT1RW7 12.98 1,764 22,896.72
0.55 SLGN SILGAN HOLDINGS INC 2809324 50.52 443 22,380.36
0.55 MLI MUELLER INDUSTRIES INC 2609717 78.21 286 22,368.06
0.54 DOX AMDOCS LTD 2256908 82.21 266 21,867.86
0.54 DINO HF SINCLAIR CORP BMZQ9C1 35.88 607 21,779.16
0.53 SEE SEALED AIR CORP 2232793 33.05 653 21,581.65
0.52 SMG SCOTTS MIRACLE-GRO CO 2781518 66.38 318 21,108.84
0.52 MUR MURPHY OIL CORP 2611206 33.23 631 20,968.13
0.51 CRUS CIRRUS LOGIC INC 2197308 101.14 204 20,632.56
0.49 CHRD CHORD ENERGY CORP BLDDYB1 123.78 162 20,052.36
0.47 UFPI UFP INDUSTRIES INC BMQ60Q1 109.08 174 18,979.92
0.42 OLN OLIN CORP 2658526 31.00 551 17,081.00
0.42 LNTH LANTHEUS HOLDINGS INC BP8S8J5 95.88 177 16,970.76
0.42 COLM COLUMBIA SPORTSWEAR CO 2229126 82.57 204 16,844.28
0.40 AMKR AMKOR TECHNOLOGY INC 2242929 25.58 633 16,192.14
0.39 FCN FTI CONSULTING INC 2351449 192.78 83 16,000.74
0.39 CBT CABOT CORP 2162500 86.71 182 15,781.22
0.38 CPRI CAPRI HOLDINGS LTD BJ1N1M9 23.71 654 15,506.34
0.38 NEU NEWMARKET CORP B01CGF1 482.93 32 15,453.76
0.38 NOV NOV INC BN2RYW9 14.50 1,064 15,428.00
0.37 MMS MAXIMUS INC 2018669 76.81 196 15,054.76
0.34 THO THOR INDUSTRIES INC 2889876 93.32 149 13,904.68
0.32 XRAY DENTSPLY SIRONA INC BYNPPC6 18.12 727 13,173.24
0.31 RNG RINGCENTRAL INC-CLASS A BDZCRX3 32.95 376 12,389.20
0.29 ASH Ashland Inc BYND5N1 68.92 168 11,578.56
0.28 APLE APPLE HOSPITALIT BXRTX56 14.58 775 11,299.50
0.27 ZI ZOOMINFO TECHNOLOGIES INC BMWF095 9.43 1,147 10,816.21
0.26 TDC TERADATA CORP B247H10 30.32 343 10,399.76
0.25 NVST ENVISTA HOLDINGS CORP BK63SF3 18.58 543 10,088.94
0.24 CRI CARTER'S INC 2980939 51.77 186 9,629.22
0.20 AMED AMEDISYS INC 2024332 91.90 90 8,271.00
0.20 SHOO STEVEN MADDEN LTD 2553911 40.92 194 7,938.48
0.16 IPGP IPG PHOTONICS CORP 2698782 72.20 90 6,498.00
0.12 OTHER PAYABLE & RECEIVABLES 1.00 4,722 4,721.89
-0.04 CASH 1.00 -1,524 -1,524.39
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 12/31/24

Sector Weight (%)
Energy 22.0
Consumer Discretionary 18.7
Information Technology 15.3
Health Care 13.1
Consumer Staples 9.7
Communication Services 9.5
Industrials 5.0
Materials 4.3
Real Estate 1.9
Financials 0.6

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Energy 22.5
Consumer Durables & Apparel 10.9
Food, Beverage & Tobacco 9.9
Pharmaceuticals, Biotechnology & Life Sciences 9.1
Media & Entertainment 7.7
Software & Services 6.7
Semiconductors & Semiconductor Equipment 5.2
Consumer Services 4.3
Capital Goods 4.2
Health Care Equipment & Services 3.9
Technology Hardware & Equipment 3.7
Other 11.9

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 01/10/25

Return on Equity 12.20%
Weighted Avg. Market Cap 39,915 M
2023 2024
Price-to-earnings 11.89 16.05
Price-to-book value 2.05 1.89

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 12/31/24

Versus Beta
S&P 500 0.91
NASDAQ-100 0.58
MSCI EAFE 0.82
MSCI Emg. Mkts 0.63
Standard Deviation 15.60%

Source: new windowAltaVista Research, LLC

ETF Research

Introducing the U.S. Cash Flow Kings 100 ETF (FLOW)

Read the Full ArticleRead More

ETF Documents

Investing involves risk, including possible loss of principal. There is no assurance that companies with current high free cash flow yields will continue to maintain high free cash flow yields in the future. FLOW 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. 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.

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 Global X U.S. Cash Flows Kings 100 Index is owned and was developed by Global X Management Company LLC for use by 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.