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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 06/28/24

Inception Date 07/10/23
Total Expense Ratio 0.25%
Net Assets $3.90 million
NAV $29.99
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 06/27/24

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 0.53%

Distributions As of 06/28/24

30-Day SEC Yield 2.20%
Distribution Frequency Monthly

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

ETF Prices As of 06/28/24

NAV $29.99 Daily Change $0.08 0.27%
Market Price $30.00 Daily Change $0.08 0.27%

Performance History

As of recent
(03/31/24)
Fund NAV Market Price Index
Year-to-Date 11.93% 11.90% 12.03%
1 Month 8.01% 8.00% 8.05%
3 Months 11.93% 11.90% 12.03%
Since Inception 25.16% 25.35% 25.45%
Year-to-Date 8.89% 8.73% 9.07%
1 Month 2.81% 2.67% 2.86%
3 Months 5.09% 4.94% 5.20%
Since Inception 21.76% 21.80% 22.13%

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 06/28/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.12 LNG CHENIERE ENERGY INC 2654364 174.83 400 69,932.00
2.10 FANG DIAMONDBACK ENERGY INC B7Y8YR3 200.19 346 69,265.74
2.09 VLO VALERO ENERGY CORP 2041364 156.76 439 68,817.64
2.08 XOM EXXON MOBIL CORP 2326618 115.12 596 68,611.52
2.08 T AT&T INC 2831811 19.11 3,587 68,547.57
2.07 WBD WARNER BROS DISCOVERY INC BM8JYX3 7.44 9,191 68,381.04
2.06 EOG EOG RESOURCES INC 2318024 125.87 541 68,095.67
2.03 HPE HEWLETT PACKA BYVYWS0 21.17 3,166 67,024.22
2.01 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 95.66 693 66,292.38
2.01 MPC MARATHON PETROLEUM CORP B3K3L40 173.48 382 66,269.36
2.00 MMM 3M CO 2595708 102.19 647 66,116.93
2.00 NUE NUCOR CORP 2651086 158.08 418 66,077.44
1.99 MO ALTRIA GROUP INC 2692632 45.55 1,443 65,728.65
1.98 BMY BRISTOL-MYERS SQUIBB CO 2126335 41.53 1,574 65,368.22
1.98 LEN LENNAR CORP-A 2511920 149.87 435 65,193.45
1.97 ADM ARCHER-DANIELS-MIDLAND CO 2047317 60.45 1,076 65,044.20
1.94 GILD GILEAD SCIENCES INC 2369174 68.61 934 64,081.74
1.93 HPQ HP INC BYX4D52 35.02 1,821 63,771.42
1.87 DVN DEVON ENERGY CORP 2480677 47.40 1,302 61,714.80
1.85 BG BUNGE GLOBAL SA BQ6BPG9 106.77 570 60,858.90
1.77 GEN GEN DIGITAL INC BJN4XN5 24.98 2,335 58,328.30
1.70 VTRS VIATRIS INC BMWS3X9 10.63 5,286 56,190.18
1.58 CAH CARDINAL HEALTH INC 2175672 97.81 531 51,939.45
1.55 CLF CLEVELAND-CLIFFS INC BYVZ186 15.39 3,317 51,048.63
1.46 THC TENET HEALTHCARE CORP B8DMK08 133.03 362 48,156.86
1.44 WPC WP CAREY INC B826YT8 55.05 864 47,563.20
1.39 ZM ZOOM VIDEO COM-A BGSP7M9 59.19 773 45,753.87
1.36 PHM PULTEGROUP INC 2708841 110.10 406 44,700.60
1.34 EXPE EXPEDIA GROUP INC B748CK2 125.99 351 44,222.49
1.33 DINO HF SINCLAIR CORP BMZQ9C1 53.34 821 43,792.14
1.32 SWKS SKYWORKS SOLUTIONS INC 2961053 106.58 408 43,484.64
1.30 SNX TD SYNNEX CORP 2002554 115.40 371 42,813.40
1.23 MRO MARATHON OIL CORP 2910970 28.67 1,411 40,453.37
1.22 BLDR BUILDERS FIRSTSOURCE INC B0BV2M7 138.41 291 40,277.31
1.17 TAP MOLSON COORS-B B067BM3 50.83 758 38,529.14
1.14 OC OWENS CORNING B1FW7Q2 173.72 216 37,523.52
1.13 WCC WESCO INTERNATIONAL INC 2416973 158.52 235 37,252.20
1.12 TPR TAPESTRY INC BF09HX3 42.79 866 37,056.14
1.08 WSM WILLIAMS-SONOMA INC 2967589 282.37 126 35,578.62
1.01 TOL TOLL BROTHERS INC 2896092 115.18 289 33,287.02
0.99 LSXMK LIBERTY MEDIA CO BPLYVL3 22.16 1,472 32,619.52
0.93 GPS GAP INC/THE 2360326 23.89 1,289 30,794.21
0.91 SNA SNAP-ON INC 2818740 261.39 115 30,059.85
0.85 RPM RPM INTERNATIONAL INC 2756174 107.68 259 27,889.12
0.84 INGR INGREDION INC B7K24P7 113.92 242 27,568.64
0.82 MTCH MATCH GROUP INC BK80XH9 30.38 888 26,977.44
0.79 CNM CORE & MAIN INC-CLASS A BNXKS92 48.94 532 26,036.08
0.79 SMG SCOTTS MIRACLE-GRO CO 2781518 65.06 398 25,893.88
0.77 DOCU DOCUSIGN INC BFYT7B7 53.50 474 25,359.00
0.74 MAT MATTEL INC 2572303 16.26 1,496 24,324.96
0.73 JNPR JUNIPER NETWORKS INC 2431846 36.46 662 24,136.52
0.73 RL RALPH LAUREN CORP B4V9661 175.06 137 23,983.22
0.67 DBX DROPBOX INC-CLASS A BG0T321 22.47 984 22,110.48
0.65 AGCO AGCO CORP 2010278 97.88 220 21,533.60
0.65 DXC DXC TECHNOLOGY CO BYXD7B3 19.09 1,116 21,304.44
0.64 UFPI UFP INDUSTRIES INC BMQ60Q1 112.00 188 21,056.00
0.64 UTHR UNITED THERAPEUTICS CORP 2430412 318.55 66 21,024.30
0.64 INCY INCYTE CORP 2471950 60.62 346 20,974.52
0.64 VFC VF CORP 2928683 13.50 1,552 20,952.00
0.63 ARW ARROW ELECTRONICS INC 2051404 120.76 173 20,891.48
0.63 DDS DILLARDS INC-CL A 2269768 440.39 47 20,698.33
0.63 NWL NEWELL BRANDS INC 2635701 6.41 3,216 20,614.56
0.62 CROX CROCS INC B0T7Z62 145.94 141 20,577.54
0.61 QRVO QORVO INC BR9YYP4 116.04 172 19,958.88
0.59 HRB H&R BLOCK INC 2105505 54.23 360 19,522.80
0.59 FFIV F5 INC 2427599 172.23 113 19,461.99
0.58 MTZ MASTEC INC 2155306 106.99 180 19,258.20
0.58 MUR MURPHY OIL CORP 2611206 41.24 462 19,052.88
0.58 OLN OLIN CORP 2658526 47.15 403 19,001.45
0.57 MHK MOHAWK INDUSTRIES INC 2598699 113.59 166 18,855.94
0.57 TWLO TWILIO INC - A BD6P5Q0 56.81 331 18,804.11
0.56 PVH PVH CORP B3V9F12 105.87 175 18,527.25
0.56 ETSY ETSY INC BWTN5N1 58.98 312 18,401.76
0.56 ALSN ALLISON TRANSMIS B4PZ892 75.90 242 18,367.80
0.54 DOX AMDOCS LTD 2256908 78.92 226 17,835.92
0.52 CHRD CHORD ENERGY CORP BLDDYB1 167.68 103 17,271.04
0.51 LEA LEAR CORP B570P91 114.21 148 16,903.08
0.49 MIDD MIDDLEBY CORP 2590930 122.61 133 16,307.13
0.49 EPAM EPAM SYSTEMS INC B44Z3T8 188.11 86 16,177.46
0.49 KRC KILROY REALTY CORP 2495529 31.17 515 16,052.55
0.48 COLM COLUMBIA SPORTSWEAR CO 2229126 79.08 202 15,974.16
0.48 CART MAPLEBEAR INC BN4L6W3 32.14 491 15,780.74
0.48 THO THOR INDUSTRIES INC 2889876 93.45 168 15,699.60
0.45 AMKR AMKOR TECHNOLOGY INC 2242929 40.02 367 14,687.34
0.44 REYN REYNOLDS CONSUME BKV9674 27.98 517 14,465.66
0.42 NEU NEWMARKET CORP B01CGF1 515.57 27 13,920.39
0.42 RHI ROBERT HALF INC 2110703 63.98 216 13,819.68
0.36 EPR EPR PROPERTIES B8XXZP1 41.98 283 11,880.34
0.35 ZI ZOOMINFO TECHNOLOGIES INC BMWF095 12.77 915 11,684.55
0.34 TNET TRINET GROUP INC 2693914 99.75 113 11,271.75
0.32 CRI CARTER'S INC 2980939 61.97 171 10,596.87
0.29 MSM MSC INDL DIRECT 2567655 79.31 121 9,596.51
0.29 PATH UIPATH INC - CLASS A BMD02L5 12.68 751 9,522.68
0.28 PEGA PEGASYSTEMS INC 2675860 60.50 152 9,196.00
0.27 APLE APPLE HOSPITALIT BXRTX56 14.54 611 8,883.94
0.26 RNG RINGCENTRAL INC-CLASS A BDZCRX3 28.20 308 8,685.60
0.23 TDC TERADATA CORP B247H10 34.56 219 7,568.64
0.21 NVST ENVISTA HOLDINGS CORP BK63SF3 16.63 414 6,884.82
0.19 SAM BOSTON BEER COMPANY INC-A 2113393 305.05 20 6,101.00
0.18 IPGP IPG PHOTONICS CORP 2698782 84.39 69 5,822.91
0.12 OTHER PAYABLE & RECEIVABLES 1.00 4,085 4,084.65
0.07 CASH 1.00 2,189 2,188.53
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 05/31/24

Sector Weight (%)
Energy 20.0
Consumer Discretionary 16.1
Information Technology 14.8
Health Care 13.4
Materials 10.6
Industrials 9.8
Consumer Staples 5.6
Communication Services 5.6
Utilities 3.1
Real Estate 0.9
Other 0.1

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Oil & Gas Production 8.7
Computer Processing Hardware 7.5
Integrated Oil 5.7
Steel 5.2
Homebuilding 4.8
Oil Refining/Marketing 4.8
Medical Distributors 4.0
Electric Utilities 3.3
Pharmaceuticals: Major 3.3
Trucks/Construction/Farm Machinery 2.6
Information Technology Services 2.6
Other 47.5

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 06/27/24

Return on Equity 16.20%
Weighted Avg. Market Cap 54,639 M
2023 2024
Price-to-earnings 10.83 11.91
Price-to-book value 2.04 1.83

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.