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 10/28/24

Inception Date 07/10/23
Total Expense Ratio 0.25%
Net Assets $4.14 million
NAV $31.82
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 10/28/24

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 0.47%

Distributions As of 10/28/24

30-Day SEC Yield 2.00%
Trailing 12-Month Distribution (%) 2.07%
Distribution Rate 1.98%
Distribution Frequency Monthly

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

ETF Prices As of 10/28/24

NAV $31.82 Daily Change $0.17 0.54%
Market Price $31.84 Daily Change $0.18 0.57%

Performance History

As of recent month & quarter-end (09/30/24)
As of recent month & quarter-end (09/30/24)
Fund NAV Market Price Index
1 Year 24.34% 24.35% 24.76%
Since Inception 22.73% 22.85% 23.12%
1 Year 24.34% 24.35% 24.76%
Since Inception 22.73% 22.85% 23.12%
Year-to-Date 14.99% 14.93% 15.28%
1 Month 0.94% 1.23% 0.96%
3 Months 7.58% 7.68% 7.67%
Since Inception 28.58% 28.74% 29.09%
Year-to-Date 14.99% 14.93% 15.28%
1 Month 0.94% 1.23% 0.96%
3 Months 7.58% 7.68% 7.67%
Since Inception 28.58% 28.74% 29.09%

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 10/28/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.14 HPQ HP INC BYX4D52 37.42 2,363 88,423.46
2.12 BMY BRISTOL-MYERS SQUIBB CO 2126335 52.64 1,662 87,487.68
2.08 HPE HEWLETT PACKA BYVYWS0 19.73 4,366 86,141.18
2.06 ABNB AIRBNB INC-CLASS A BMGYYH4 135.78 626 84,998.28
2.05 CVX CHEVRON CORP 2838555 150.54 564 84,904.56
2.04 T AT&T INC 2831811 22.11 3,815 84,349.65
2.03 COR CENCORA INC 2795393 233.57 360 84,085.20
2.02 QCOM QUALCOMM INC 2714923 172.22 486 83,698.92
2.00 NUE NUCOR CORP 2651086 147.73 561 82,876.53
1.98 MO ALTRIA GROUP INC 2692632 50.25 1,629 81,857.25
1.97 CAH CARDINAL HEALTH INC 2175672 110.87 735 81,489.45
1.96 FANG DIAMONDBACK ENERGY INC B7Y8YR3 178.19 454 80,898.26
1.95 VLO VALERO ENERGY CORP 2041364 132.26 611 80,810.86
1.92 EOG EOG RESOURCES INC 2318024 122.07 651 79,467.57
1.90 LEN LENNAR CORP-A 2511920 174.09 451 78,514.59
1.88 DVN DEVON ENERGY CORP 2480677 38.59 2,010 77,565.90
1.87 EXPE EXPEDIA GROUP INC B748CK2 158.00 489 77,262.00
1.87 COP CONOCOPHILLIPS 2685717 103.26 747 77,135.22
1.85 ADM ARCHER-DANIELS-MIDLAND CO 2047317 57.24 1,338 76,587.12
1.83 WBD WARNER BROS DISCOVERY INC BM8JYX3 7.61 9,964 75,826.04
1.82 MPC MARATHON PETROLEUM CORP B3K3L40 151.07 499 75,383.93
1.81 GEN GEN DIGITAL INC BJN4XN5 27.03 2,763 74,683.89
1.59 ZM ZOOM VIDEO COM-A BGSP7M9 73.85 893 65,948.05
1.51 HAL HALLIBURTON CO 2405302 27.89 2,243 62,557.27
1.36 CLF CLEVELAND-CLIFFS INC BYVZ186 13.67 4,111 56,197.37
1.36 THC TENET HEALTHCARE CORP B8DMK08 139.49 402 56,074.98
1.33 WPC WP CAREY INC B826YT8 57.48 957 55,008.36
1.32 FOXA FOX CORP - CLASS A BJJMGL2 42.01 1,304 54,781.04
1.29 SWKS SKYWORKS SOLUTIONS INC 2961053 96.14 553 53,165.42
1.27 CAG CONAGRA BRANDS INC 2215460 29.76 1,767 52,585.92
1.22 OC OWENS CORNING B1FW7Q2 185.05 272 50,333.60
1.18 TAP MOLSON COORS-B B067BM3 56.01 869 48,672.69
1.16 MRO MARATHON OIL CORP 2910970 26.11 1,831 47,807.41
1.15 TPR TAPESTRY INC BF09HX3 50.47 944 47,643.68
1.13 SNA SNAP-ON INC 2818740 332.59 141 46,895.19
1.13 DINO HF SINCLAIR CORP BMZQ9C1 42.88 1,085 46,524.80
1.07 GAP GAP INC/THE 2360326 21.74 2,036 44,262.64
1.07 PPC PILGRIM'S PRIDE CORP B5L3PZ2 47.45 930 44,128.50
1.06 ARW ARROW ELECTRONICS INC 2051404 133.82 329 44,026.78
1.01 SMG SCOTTS MIRACLE-GRO CO 2781518 88.28 474 41,844.72
0.98 BG BUNGE GLOBAL SA BQ6BPG9 89.87 453 40,711.11
0.96 WSM WILLIAMS-SONOMA INC 2967589 132.50 301 39,882.50
0.96 JBL JABIL INC 2471789 124.79 319 39,808.01
0.94 DOCU DOCUSIGN INC BFYT7B7 69.58 556 38,686.48
0.93 DXC DXC TECHNOLOGY CO BYXD7B3 20.27 1,893 38,371.11
0.88 ADT ADT INC BFWCP81 7.37 4,917 36,238.29
0.86 INGR INGREDION INC B7K24P7 134.84 264 35,597.76
0.85 RL RALPH LAUREN CORP B4V9661 203.03 174 35,327.22
0.85 MTZ MASTEC INC 2155306 123.73 285 35,263.05
0.80 SNX TD SYNNEX CORP 2002554 122.00 271 33,062.00
0.80 OVV OVINTIV INC BJ01KB6 39.14 842 32,955.88
0.80 MTCH MATCH GROUP INC BK80XH9 37.02 890 32,947.80
0.78 AGCO AGCO CORP 2010278 101.89 318 32,401.02
0.78 WCC WESCO INTERNATIONAL INC 2416973 179.44 180 32,299.20
0.74 TWLO TWILIO INC - A BD6P5Q0 70.59 433 30,565.47
0.73 CROX CROCS INC B0T7Z62 138.05 219 30,232.95
0.72 MAT MATTEL INC 2572303 19.72 1,505 29,678.60
0.71 DBX DROPBOX INC-CLASS A BG0T321 25.15 1,175 29,551.25
0.67 SKX SKECHERS USA INC-CL A 2428042 61.86 448 27,713.28
0.67 CNM CORE & MAIN INC-CLASS A BNXKS92 45.24 608 27,505.92
0.66 PVH PVH CORP B3V9F12 95.60 287 27,437.20
0.63 ALSN ALLISON TRANSMIS B4PZ892 99.85 262 26,160.70
0.63 IGT INTERNATIONAL GA BVG7F06 21.11 1,232 26,007.52
0.63 MLI MUELLER INDUSTRIES INC 2609717 83.06 312 25,914.72
0.62 QRVO QORVO INC BR9YYP4 100.26 255 25,566.30
0.62 GRAB GRAB HOLDINGS LTD - CL A BP6NH40 4.17 6,115 25,499.55
0.61 BWA BORGWARNER INC 2111955 34.41 735 25,291.35
0.59 MIDD MIDDLEBY CORP 2590930 140.27 175 24,547.25
0.59 DOX AMDOCS LTD 2256908 88.29 274 24,191.46
0.58 UFPI UFP INDUSTRIES INC BMQ60Q1 131.57 181 23,814.17
0.57 MUR MURPHY OIL CORP 2611206 31.86 738 23,512.68
0.56 CART MAPLEBEAR INC BN4L6W3 44.50 517 23,006.50
0.54 SEE SEALED AIR CORP 2232793 36.66 609 22,325.94
0.53 ETSY ETSY INC BWTN5N1 48.77 449 21,897.73
0.53 COLM COLUMBIA SPORTSWEAR CO 2229126 75.70 288 21,801.60
0.52 HRB H&R BLOCK INC 2105505 59.80 357 21,348.60
0.52 HOG HARLEY-DAVIDSON INC 2411053 32.86 648 21,293.28
0.51 LEA LEAR CORP B570P91 100.81 211 21,270.91
0.51 KRC KILROY REALTY CORP 2495529 41.62 505 21,018.10
0.48 THO THOR INDUSTRIES INC 2889876 106.54 187 19,922.98
0.48 CHRD CHORD ENERGY CORP BLDDYB1 126.42 157 19,847.94
0.47 DDS DILLARDS INC-CL A 2269768 382.53 51 19,509.03
0.47 AYI ACUITY BRANDS INC 2818461 306.02 63 19,279.26
0.46 LEVI LEVI STRAUSS-A BHRWS81 17.53 1,075 18,844.75
0.43 CRUS CIRRUS LOGIC INC 2197308 123.05 146 17,965.30
0.40 AMKR AMKOR TECHNOLOGY INC 2242929 29.53 565 16,684.45
0.40 NEU NEWMARKET CORP B01CGF1 537.05 31 16,648.55
0.39 LPX LOUISIANA-PACIFIC CORP 2535243 102.19 157 16,043.83
0.36 ZI ZOOMINFO TECHNOLOGIES INC BMWF095 10.74 1,400 15,036.00
0.35 LYFT LYFT INC-A BJT1RW7 13.89 1,035 14,376.15
0.33 RNG RINGCENTRAL INC-CLASS A BDZCRX3 34.09 401 13,670.09
0.32 UAA UNDER ARMOUR INC-CLASS A B0PZN11 8.73 1,533 13,383.09
0.27 MSM MSC INDL DIRECT 2567655 81.09 140 11,352.60
0.27 APLE APPLE HOSPITALIT BXRTX56 15.10 750 11,325.00
0.25 CRI CARTER'S INC 2980939 56.39 185 10,432.15
0.25 TDC TERADATA CORP B247H10 32.13 318 10,217.34
0.25 NVST ENVISTA HOLDINGS CORP BK63SF3 19.23 528 10,153.44
0.21 MAN MANPOWERGROUP INC 2562490 63.87 138 8,814.06
0.19 IPGP IPG PHOTONICS CORP 2698782 79.27 98 7,768.46
0.18 SHOO STEVEN MADDEN LTD 2553911 45.89 162 7,434.18
0.07 OTHER PAYABLE & RECEIVABLES 1.00 2,997 2,996.55
0.04 CASH 1.00 1,428 1,428.24
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 09/30/24

Sector Weight (%)
Energy 20.0
Consumer Discretionary 19.6
Information Technology 19.3
Consumer Staples 9.3
Industrials 9.2
Health Care 7.9
Communication Services 6.4
Materials 5.7
Real Estate 2.1
Financials 0.5

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Energy 19.9
Food, Beverage & Tobacco 9.3
Consumer Durables & Apparel 8.6
Capital Goods 8.1
Software & Services 7.5
Technology Hardware & Equipment 7.1
Health Care Equipment & Services 5.7
Materials 5.7
Consumer Services 5.7
Semiconductors & Semiconductor Equipment 4.7
Media & Entertainment 4.4
Other 13.3

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 10/28/24

Return on Equity 12.10%
Weighted Avg. Market Cap 41,819 M
2023 2024
Price-to-earnings 11.51 15.95
Price-to-book value 2.01 1.86

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 09/30/24

Versus Beta
S&P 500 0.78
NASDAQ-100 0.49
MSCI EAFE 0.81
MSCI Emg. Mkts 0.72
Standard Deviation 15.00%

Source: new windowAltaVista Research, LLC

ETF Research

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.