ONOF

Adaptive U.S. Risk Management ETF

Morningstar Rating™ - Overall rating out of 232 Tactical Allocation funds, based on risk-adjusted returns as of 12/31/2024

Reasons to Consider ONOF

Risk Management

ONOF is designed to maintain exposure to the equity markets when the trending environment is positive, and then move to a risk-off position when that trend reverses.

Four Signal Approach

ONOF incorporates moving average, convergence/ divergence (MACD), drawdown, and volatility as indicators to shift between equity and fixed income exposure – each receiving an equal vote in the strategy.

Lessen Downside Risk

The strategy seeks to mitigate the extent of drawdowns while remaining invested in equities as much as possible.

Key Information As of 01/10/25

Inception Date	01/12/21
Total Expense Ratio	0.40%
Net Assets	$132.46 million
NAV	$34.77
Fact Sheet	View the document

ETF Summary

The Global X Adaptive U.S. Risk Management ETF (ONOF) seeks to provide a risk management solution by employing four technical indicators to dictate whether the Fund is participating in the U.S. equity markets or in a defensive stance in short term treasuries.

ETF Objective

The Global X Adaptive U.S. Risk Management ETF (ONOF) 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. Risk Management Index.

Trading Details As of 01/08/25

Ticker	ONOF
Bloomberg Index Ticker	AWSRSK
CUSIP	37954Y194
ISIN	US37954Y1947
Primary Exchange	NYSE Arca
Shares Outstanding	3,810,000
Number of Holdings	505
30-Day Median Bid-Ask Spread	0.41%

Distributions As of 01/10/25

30-Day SEC Yield	0.87%
Distribution Frequency	Semi-Annually

ETF Prices As of 01/10/25

NAV	$34.77	Daily Change	-$0.53	-1.50%
Market Price	$34.79	Daily Change	-$0.54	-1.53%

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	19.38%	19.45%	20.00%
3 Years	5.61%	5.50%	6.11%
Since Inception	10.32%	10.33%	10.60%
1 Year	19.38%	19.45%	20.00%
3 Years	5.61%	5.50%	6.11%
Since Inception	10.32%	10.33%	10.60%
Year-to-Date	19.38%	19.45%	20.00%
1 Month	-2.50%	-2.50%	-2.46%
3 Months	2.76%	2.76%	2.88%
Since Inception	47.68%	47.75%	49.17%
Year-to-Date	19.38%	19.45%	20.00%
1 Month	-2.50%	-2.50%	-2.46%
3 Months	2.76%	2.76%	2.88%
Since Inception	47.68%	47.75%	49.17%

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.

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
7.03	AAPL	APPLE INC	2046251	236.85	39,289	9,305,599.65
6.42	NVDA	NVIDIA CORP	2379504	135.91	62,541	8,499,947.31
6.16	MSFT	MICROSOFT CORP	2588173	418.95	19,467	8,155,699.65
4.11	AMZN	AMAZON.COM INC	2000019	218.94	24,890	5,449,416.60
2.69	META	META PLATFORMS INC	B7TL820	615.86	5,776	3,557,207.36
2.25	GOOGL	ALPHABET INC-CL A	BYVY8G0	192.04	15,532	2,982,765.28
2.20	TSLA	TESLA INC	B616C79	394.74	7,387	2,915,944.38
2.06	AVGO	BROADCOM INC	BDZ78H9	224.31	12,155	2,726,488.05
2.02	GOOG	ALPHABET INC-CL C	BYY88Y7	193.17	13,824	2,670,382.08
1.36	JPM	JPMORGAN CHASE & CO	2190385	239.87	7,531	1,806,460.97
1.36	LLY	ELI LILLY & CO	2516152	799.90	2,256	1,804,574.40
1.17	BRK/B	BERKSHIRE HATH-B	2073390	442.66	3,505	1,551,523.30
1.03	V	VISA INC-CLASS A SHARES	B2PZN04	307.71	4,446	1,368,078.66
0.96	UNH	UNITEDHEALTH GROUP INC	2917766	520.69	2,448	1,274,649.12
0.95	XOM	EXXON MOBIL CORP	2326618	106.54	11,822	1,259,515.88
0.83	COST	COSTCO WHOLESALE CORP	2701271	936.94	1,178	1,103,715.32
0.83	MA	MASTERCARD INC - A	B121557	504.67	2,182	1,101,189.94
0.81	WMT	WALMART INC	2936921	93.00	11,599	1,078,707.00
0.78	HD	HOME DEPOT INC	2434209	389.89	2,639	1,028,919.71
0.75	PG	PROCTER & GAMBLE CO/THE	2704407	158.56	6,230	987,828.80
0.71	NFLX	NETFLIX INC	2857817	837.69	1,115	934,024.35
0.69	JNJ	JOHNSON & JOHNSON	2475833	142.06	6,410	910,604.60
0.62	ABBV	ABBVIE INC	B92SR70	175.17	4,700	823,299.00
0.61	BAC	BANK OF AMERICA CORP	2295677	45.11	17,905	807,694.55
0.59	CRM	SALESFORCE INC	2310525	317.85	2,470	785,089.50
0.52	CVX	CHEVRON CORP	2838555	153.14	4,503	689,589.42
0.51	MRK	MERCK & CO. INC.	2778844	99.25	6,755	670,433.75
0.50	ORCL	ORACLE CORP	2661568	154.50	4,310	665,895.00
0.48	WFC	WELLS FARGO & CO	2649100	69.96	9,055	633,487.80
0.48	KO	COCA-COLA CO/THE	2206657	61.07	10,306	629,387.42
0.47	CSCO	CISCO SYSTEMS INC	2198163	58.74	10,640	624,993.60
0.44	ACN	ACCENTURE PLC-CL A	B4BNMY3	349.79	1,667	583,099.93
0.42	NOW	SERVICENOW INC	B80NXX8	1,024.57	548	561,464.36
0.41	TMO	THERMO FISHER	2886907	542.31	1,012	548,817.72
0.41	MCD	MCDONALD'S CORP	2550707	282.31	1,906	538,082.86
0.41	IBM	IBM	2005973	219.75	2,444	537,069.00
0.40	LIN	LINDE PLC	BNZHB81	414.15	1,264	523,485.60
0.40	PEP	PEPSICO INC	2681511	142.64	3,666	522,918.24
0.39	DIS	WALT DISNEY CO/THE	2270726	108.65	4,800	521,520.00
0.39	ABT	ABBOTT LABORATORIES	2002305	112.31	4,608	517,524.48
0.39	ISRG	INTUITIVE SURGICAL INC	2871301	547.47	940	514,621.80
0.37	AMD	ADVANCED MICRO DEVICES	2007849	116.04	4,258	494,098.32
0.37	GE	GE AEROSPACE	BL59CR9	171.69	2,868	492,406.92
0.37	PM	PHILIP MORRIS IN	B2PKRQ3	117.15	4,127	483,478.05
0.36	ADBE	ADOBE INC	2008154	405.92	1,163	472,084.96
0.35	GS	GOLDMAN SACHS GROUP INC	2407966	560.00	836	468,160.00
0.35	QCOM	QUALCOMM INC	2714923	156.98	2,962	464,974.76
0.35	TXN	TEXAS INSTRUMENTS INC	2885409	190.15	2,406	457,500.90
0.34	CAT	CATERPILLAR INC	2180201	351.00	1,291	453,141.00
0.34	INTU	INTUIT INC	2459020	623.43	725	451,986.75
0.33	AXP	AMERICAN EXPRESS CO	2026082	293.30	1,486	435,843.80
0.32	VZ	VERIZON COMMUNIC	2090571	37.81	11,189	423,056.09
0.32	BKNG	BOOKING HOLDINGS INC	BDRXDB4	4,739.55	88	417,080.40
0.31	T	AT&T INC	2831811	21.69	19,014	412,413.66
0.31	MS	MORGAN STANLEY	2262314	123.45	3,292	406,397.40
0.31	RTX	RTX CORPORATION	BM5M5Y3	115.11	3,530	406,338.30
0.30	PFE	PFIZER INC	2684703	26.72	15,079	402,910.88
0.30	DHR	DANAHER CORP	2250870	235.07	1,711	402,204.77
0.30	SPGI	S&P GLOBAL INC	BYV2325	482.72	832	401,623.04
0.29	HON	HONEYWELL INTL	2020459	218.19	1,734	378,341.46
0.29	AMAT	APPLIED MATERIALS INC	2046552	171.65	2,198	377,286.70
0.28	BLK	BLACKROCK INC	BMZBBT7	955.64	394	376,522.16
0.28	LOW	LOWE'S COS INC	2536763	247.90	1,506	373,337.40
0.28	AMGN	AMGEN INC	2023607	262.23	1,417	371,579.91
0.28	BSX	BOSTON SCIENTIFIC CORP	2113434	94.88	3,901	370,126.88
0.28	CMCSA	COMCAST CORP-CLASS A	2044545	36.36	10,136	368,544.96
0.28	PGR	PROGRESSIVE CORP	2705024	235.61	1,553	365,902.33
0.28	UNP	UNION PACIFIC CORP	2914734	225.21	1,620	364,840.20
0.27	NEE	NEXTERA ENERGY INC	2328915	67.38	5,381	362,571.78
0.27	ETN	EATON CORP PLC	B8KQN82	341.45	1,054	359,888.30
0.27	TJX	TJX COMPANIES INC	2989301	120.06	2,986	358,499.16
0.27	UBER	UBER TECHNOLOGIES INC	BK6N347	65.97	5,361	353,665.17
0.27	COP	CONOCOPHILLIPS	2685717	101.92	3,470	353,662.40
0.27	C	CITIGROUP INC	2297907	71.40	4,922	351,430.80
0.27	PLTR	PALANTIR TECHN-A	BN78DQ4	67.26	5,211	350,491.86
0.24	BX	BLACKSTONE INC	BKF2SL7	164.85	1,905	314,039.25
0.24	ADP	AUTOMATIC DATA PROCESSING	2065308	286.85	1,088	312,092.80
0.23	SYK	STRYKER CORP	2853688	365.66	841	307,520.06
0.23	FI	FISERV INC	2342034	200.51	1,532	307,181.32
0.23	BMY	BRISTOL-MYERS SQUIBB CO	2126335	55.83	5,406	301,816.98
0.23	GILD	GILEAD SCIENCES INC	2369174	89.88	3,311	297,592.68
0.22	LMT	LOCKHEED MARTIN CORP	2522096	468.05	631	295,339.55
0.22	PANW	PALO ALTO NETWORKS INC	B87ZMX0	173.42	1,700	294,814.00
0.22	MU	MICRON TECHNOLOGY INC	2588184	99.34	2,938	291,860.92
0.22	SCHW	SCHWAB (CHARLES) CORP	2779397	72.77	3,962	288,314.74
0.22	ANET	ARISTA NETWORKS INC	BL9XPM3	114.34	2,511	287,107.74
0.21	VRTX	VERTEX PHARM	2931034	409.56	684	280,139.04
0.21	ADI	ANALOG DEVICES INC	2032067	212.37	1,310	278,204.70
0.21	CB	CHUBB LTD	B3BQMF6	257.71	1,075	277,038.25
0.21	MDT	MEDTRONIC PLC	BTN1Y11	80.66	3,409	274,969.94
0.21	MMC	MARSH & MCLENNAN COS	2567741	209.11	1,313	274,561.43
0.21	DE	DEERE & CO	2261203	408.57	669	273,333.33
0.21	SBUX	STARBUCKS CORP	2842255	92.25	2,954	272,506.50
0.21	TMUS	T-MOBILE US INC	B94Q9V0	211.30	1,282	270,886.60
0.20	GEV	GE VERNOVA INC	BP6H4Y1	367.10	737	270,552.70
0.20	BA	BOEING CO/THE	2108601	172.00	1,545	265,740.00
0.20	MRVL	MARVELL TECHNOLOGY INC	BNKJSM5	114.32	2,273	259,849.36
0.20	LRCX	LAM RESEARCH CORP	BSML4N7	74.65	3,471	259,110.15
0.19	PLD	PROLOGIS INC	B44WZD7	103.59	2,451	253,899.09
0.19	CEG	CONSTELLATION ENERGY	BMH4FS1	305.19	830	253,307.70
0.19	KKR	KKR & CO INC	BG1FRR1	140.93	1,777	250,432.61
0.19	KLAC	KLA CORP	2480138	683.06	358	244,535.48
0.18	UPS	UNITED PARCEL-B	2517382	123.28	1,926	237,437.28
0.18	SO	SOUTHERN CO/THE	2829601	81.32	2,892	235,177.44
0.18	ELV	ELEVANCE HEALTH INC	BSPHGL4	381.15	612	233,263.80
0.18	MO	ALTRIA GROUP INC	2692632	50.87	4,561	232,018.07
0.17	PYPL	PAYPAL HOLDINGS INC	BYW36M8	83.36	2,747	228,989.92
0.17	TT	TRANE TECHNOLOGIES PLC	BK9ZQ96	377.12	605	228,157.60
0.17	WM	WASTE MANAGEMENT INC	2937667	207.25	1,079	223,622.75
0.17	EQIX	EQUINIX INC	BVLZX12	899.83	248	223,157.84
0.17	NKE	NIKE INC -CL B	2640147	71.20	3,134	223,140.80
0.17	APH	AMPHENOL CORP-CL A	2145084	70.20	3,143	220,638.60
0.17	MELI	MERCADOLIBRE INC	B23X1H3	1,758.77	124	218,087.48
0.17	CME	CME GROUP INC	2965839	229.20	951	217,969.20
0.16	DUK	DUKE ENERGY CORP	B7VD3F2	105.87	2,046	216,610.02
0.16	INTC	INTEL CORP	2463247	19.15	11,309	216,567.35
0.16	CDNS	CADENCE DESIGN SYS INC	2302232	299.00	721	215,579.00
0.16	ICE	INTERCONTINENTAL	BFSSDS9	142.80	1,505	214,914.00
0.16	AMT	AMERICAN TOWER CORP	B7FBFL2	173.46	1,238	214,743.48
0.16	PH	PARKER HANNIFIN CORP	2671501	630.04	339	213,583.56
0.16	CRWD	CROWDSTRIKE HO-A	BJJP138	348.84	603	210,350.52
0.15	CMG	CHIPOTLE MEXICAN	B0X7DZ3	56.50	3,621	204,586.50
0.15	SHW	SHERWIN-WILLIAMS CO/THE	2804211	330.16	616	203,378.56
0.15	CI	THE CIGNA GROUP	BHJ0775	278.99	728	203,104.72
0.15	MSI	MOTOROLA SOLUTIONS INC	B5BKPQ4	455.26	444	202,135.44
0.15	MCK	MCKESSON CORP	2378534	581.74	345	200,700.30
0.15	EOG	EOG RESOURCES INC	2318024	131.41	1,524	200,268.84
0.15	SNPS	SYNOPSYS INC	2867719	492.54	406	199,971.24
0.15	MDLZ	MONDELEZ INTER-A	B8CKK03	56.25	3,555	199,968.75
0.15	PNC	PNC FINANCIAL SE	2692665	189.02	1,057	199,794.14
0.15	WELL	WELLTOWER INC	BYVYHH4	124.78	1,587	198,025.86
0.15	ZTS	ZOETIS INC	B95WG16	163.32	1,199	195,820.68
0.15	REGN	REGENERON PHARMACEUTICALS	2730190	696.88	278	193,732.64
0.15	ITW	ILLINOIS TOOL WORKS	2457552	244.90	785	192,246.50
0.15	MMM	3M CO	2595708	131.21	1,465	192,222.65
0.14	MCO	MOODY'S CORP	2252058	452.81	421	190,633.01
0.14	CL	COLGATE-PALMOLIVE CO	2209106	86.36	2,203	190,251.08
0.14	APP	APPLOVIN CORP-CLASS A	BMV3LG4	318.48	587	186,947.76
0.14	USB	US BANCORP	2736035	47.38	3,924	185,919.12
0.14	ORLY	O'REILLY AUTOMOTIVE INC	B65LWX6	1,197.60	154	184,430.40
0.14	TDG	TRANSDIGM GROUP INC	B11FJK3	1,262.11	145	183,005.95
0.14	AON	AON PLC-CLASS A	BLP1HW5	349.51	520	181,745.20
0.14	NOC	NORTHROP GRUMMAN CORP	2648806	458.69	393	180,265.17
0.14	BDX	BECTON DICKINSON AND CO	2087807	233.67	769	179,692.23
0.14	WMB	WILLIAMS COS INC	2967181	55.52	3,226	179,107.52
0.14	EMR	EMERSON ELECTRIC CO	2313405	117.94	1,512	178,325.28
0.13	COF	CAPITAL ONE FINA	2654461	175.29	1,000	175,290.00
0.13	SPOT	SPOTIFY TECHNOLOGY SA	BFZ1K46	459.53	379	174,161.87
0.13	MAR	MARRIOTT INTL-A	2210614	270.76	642	173,827.92
0.13	TGT	TARGET CORP	2259101	141.62	1,224	173,342.88
0.13	CTAS	CINTAS CORP	2197137	189.30	911	172,452.30
0.13	APD	AIR PRODS & CHEM	2011602	293.08	581	170,279.48
0.13	CRH	CRH PLC	B01ZKD6	91.78	1,822	167,223.16
0.13	APO	APOLLO GLOBAL MA	BN44JF6	155.39	1,072	166,578.08
0.12	CSX	CSX CORP	2160753	31.78	5,185	164,779.30
0.12	AJG	ARTHUR J GALLAGHER & CO	2359506	287.01	573	164,456.73
0.12	ADSK	AUTODESK INC	2065159	284.96	571	162,712.16
0.12	FDX	FEDEX CORP	2142784	270.73	600	162,438.00
0.12	CVS	CVS HEALTH CORP	2577609	48.01	3,332	159,969.32
0.12	OKE	ONEOK INC	2130109	101.75	1,540	156,695.00
0.12	HLT	HILTON WORLDWIDE	BYVMW06	240.69	650	156,448.50
0.12	MSTR	MICROSTRATEGY INC-CL A	2974329	327.91	477	156,413.07
0.12	GD	GENERAL DYNAMICS CORP	2365161	259.38	599	155,368.62
0.12	ECL	ECOLAB INC	2304227	229.72	670	153,912.40
0.12	FTNT	FORTINET INC	B5B2106	94.56	1,624	153,565.44
0.12	HCA	HCA HEALTHCARE INC	B4MGBG6	302.82	506	153,226.92
0.11	TFC	TRUIST FINANCIAL CORP	BKP7287	42.78	3,524	150,756.72
0.11	GM	GENERAL MOTORS CO	B665KZ5	49.85	3,021	150,596.85
0.11	BK	BANK NY MELLON	B1Z77F6	75.42	1,995	150,462.90
0.11	DLR	DIGITAL REALTY TRUST INC	B03GQS4	173.34	860	149,072.40
0.11	VST	Vistra Corp.	BZ8VJQ8	166.73	893	148,889.89
0.11	CARR	CARRIER GLOBAL CORP	BK4N0D7	66.51	2,238	148,849.38
0.11	FCX	FREEPORT-MCMORAN INC	2352118	38.98	3,787	147,617.26
0.11	SPG	SIMON PROPERTY GROUP INC	2812452	170.96	859	146,854.64
0.11	AZO	AUTOZONE INC	2065955	3,251.32	45	146,309.40
0.11	ABNB	AIRBNB INC-CLASS A	BMGYYH4	129.63	1,128	146,222.64
0.11	KMI	KINDER MORGAN INC	B3NQ4P8	28.16	5,186	146,037.76
0.11	SLB	SCHLUMBERGER LTD	2779201	38.62	3,776	145,829.12
0.11	PCAR	PACCAR INC	2665861	106.58	1,367	145,694.86
0.11	DASH	DOORDASH INC - A	BN13P03	170.12	848	144,261.76
0.11	WDAY	WORKDAY INC-CLASS A	B8K6ZD1	249.71	570	142,334.70
0.11	TRV	TRAVELERS COS INC/THE	2769503	232.43	610	141,782.30
0.11	ROP	ROPER TECHNOLOGIES INC	2749602	502.71	282	141,764.22
0.11	NSC	NORFOLK SOUTHERN CORP	2641894	233.94	598	139,896.12
0.11	JCI	JOHNSON CONTROLS	BY7QL61	78.66	1,773	139,464.18
0.11	TTD	TRADE DESK INC-A	BD8FDD1	118.80	1,172	139,233.60
0.10	AFL	AFLAC INC	2026361	100.99	1,360	137,346.40
0.10	SNOW	SNOWFLAKE INC-CLASS A	BN134B7	162.46	835	135,654.10
0.10	AMP	AMERIPRISE FINANCIAL INC	B0J7D57	515.48	263	135,571.24
0.10	COIN	COINBASE GLOBA-A	BMC9P69	258.78	522	135,083.16
0.10	LNG	CHENIERE ENERGY INC	2654364	225.22	598	134,681.56
0.10	RCL	ROYAL CARIBBEAN	2754907	226.95	583	132,311.85
0.10	ROST	ROSS STORES INC	2746711	151.74	868	131,710.32
0.10	SRE	SEMPRA	2138158	78.73	1,668	131,321.64
0.10	AEP	AMERICAN ELECTRIC POWER	2026242	93.51	1,394	130,352.94
0.10	CMI	CUMMINS INC	2240202	354.88	361	128,111.68
0.10	PSX	PHILLIPS 66	B78C4Y8	113.93	1,122	127,829.46
0.10	MET	METLIFE INC	2573209	80.25	1,576	126,474.00
0.10	MPC	MARATHON PETROLEUM CORP	B3K3L40	142.27	887	126,193.49
0.10	ALL	ALLSTATE CORP	2019952	180.99	693	125,426.07
0.09	CPRT	COPART INC	2208073	55.64	2,245	124,911.80
0.09	FICO	FAIR ISAAC CORP	2330299	1,917.63	65	124,645.95
0.09	GWW	WW GRAINGER INC	2380863	1,052.48	118	124,192.64
0.09	VRT	VERTIV HOLDINGS CO-A	BL3LWS8	128.93	945	121,838.85
0.09	HWM	HOWMET AEROSPACE INC	BKLJ8V2	112.64	1,076	121,200.64
0.09	PSA	PUBLIC STORAGE	2852533	288.99	419	121,086.81
0.09	SQ	BLOCK INC	BYNZGK1	82.54	1,456	120,178.24
0.09	NEM	NEWMONT CORP	2636607	39.10	3,059	119,606.90
0.09	FLUT	FLUTTER ENTER-DI	BWZMZF4	254.00	470	119,380.00
0.09	O	REALTY INCOME CORP	2724193	51.67	2,308	119,254.36
0.09	PWR	QUANTA SERVICES INC	2150204	313.48	380	119,122.40
0.09	AIG	AMERICAN INTERNA	2027342	70.50	1,688	119,004.00
0.09	MSCI	MSCI INC	B2972D2	575.73	206	118,600.38
0.09	PAYX	PAYCHEX INC	2674458	139.06	852	118,479.12
0.09	D	DOMINION ENERGY INC	2542049	53.39	2,214	118,205.46
0.09	URI	UNITED RENTALS INC	2134781	670.94	175	117,414.50
0.09	EW	EDWARDS LIFESCIENCES CORP	2567116	73.42	1,592	116,884.64
0.09	LULU	LULULEMON ATHLETICA INC	B23FN39	395.47	293	115,872.71
0.09	BKR	BAKER HUGHES CO	BDHLTQ5	43.26	2,675	115,720.50
0.09	TEL	TE CONNECTIVITY PLC	BRC3N84	140.91	810	114,137.10
0.09	FIS	FIDELITY NATIONA	2769796	77.13	1,473	113,612.49
0.09	DAL	DELTA AIR LINES INC	B1W9D46	66.95	1,689	113,078.55
0.09	RSG	REPUBLIC SERVICES INC	2262530	206.29	546	112,634.34
0.09	DDOG	DATADOG INC - CLASS A	BKT9Y49	140.42	800	112,336.00
0.09	TRGP	TARGA RESOURCES CORP	B55PZY3	193.30	581	112,307.30
0.08	DFS	DISCOVER FINANCI	B1YLC43	169.64	658	111,623.12
0.08	PEG	PUB SERV ENTERP	2707677	84.23	1,320	111,183.60
0.08	KMB	KIMBERLY-CLARK CORP	2491839	124.46	892	111,018.32
0.08	PRU	PRUDENTIAL FINANCIAL INC	2819118	114.53	967	110,750.51
0.08	VLO	VALERO ENERGY CORP	2041364	127.15	863	109,730.45
0.08	COR	CENCORA INC	2795393	236.19	462	109,119.78
0.08	FAST	FASTENAL CO	2332262	71.63	1,509	108,089.67
0.08	A	AGILENT TECHNOLOGIES INC	2520153	137.47	781	107,364.07
0.08	AME	AMETEK INC	2089212	176.15	608	107,099.20
0.08	AXON	AXON ENTERPRISE INC	BDT5S35	570.00	187	106,590.00
0.08	KVUE	KENVUE INC	BQ84ZQ6	20.85	5,067	105,646.95
0.08	CTVA	CORTEVA INC	BK73B42	57.09	1,843	105,216.87
0.08	DHI	DR HORTON INC	2250687	136.52	765	104,437.80
0.08	HES	HESS CORP	2023748	142.41	733	104,386.53
0.08	KR	KROGER CO	2497406	59.12	1,765	104,346.80
0.08	LHX	L3HARRIS TECHNOLOGIES INC	BK9DTN5	208.28	500	104,140.00
0.08	VRSK	VERISK ANALYTICS INC	B4P9W92	268.63	382	102,616.66
0.08	TEAM	ATLASSIAN CORP-CL A	BQ1PC76	242.39	419	101,561.41
0.08	CBRE	CBRE GROUP INC - A	B6WVMH3	123.67	818	101,162.06
0.08	F	FORD MOTOR CO	2615468	9.65	10,392	100,282.80
0.08	CTSH	COGNIZANT TECH-A	2257019	75.32	1,314	98,970.48
0.07	OTIS	OTIS WORLDWIDE CORP	BK531S8	90.77	1,087	98,666.99
0.07	SYY	SYSCO CORP	2868165	73.59	1,340	98,610.60
0.07	EXC	EXELON CORP	2670519	37.30	2,627	97,987.10
0.07	IT	GARTNER INC	2372763	489.00	198	96,822.00
0.07	PCG	P G & E CORP	2689560	17.17	5,635	96,752.95
0.07	CCI	CROWN CASTLE INC	BTGQCX1	84.33	1,144	96,473.52
0.07	IQV	IQVIA HOLDINGS INC	BDR73G1	203.27	471	95,740.17
0.07	GLW	CORNING INC	2224701	47.12	2,030	95,653.60
0.07	GEHC	GE HEALTHCARE TECHNOLOGY	BL6JPG8	84.76	1,126	95,439.76
0.07	OXY	OCCIDENTAL PETROLEUM CORP	2655408	51.30	1,847	94,751.10
0.07	IR	INGERSOLL-RAND INC	BL5GZ82	87.02	1,069	93,024.38
0.07	XEL	XCEL ENERGY INC	2614807	63.37	1,454	92,139.98
0.07	MNST	MONSTER BEVERAGE CORP	BZ07BW4	49.74	1,850	92,019.00
0.07	DELL	DELL TECHNOLOGIES -C	BHKD3S6	114.77	799	91,701.23
0.07	YUM	YUM! BRANDS INC	2098876	123.25	741	91,328.25
0.07	IDXX	IDEXX LABORATORIES INC	2459202	418.05	218	91,134.90
0.07	UAL	UNITED AIRLINES	B4QG225	107.11	847	90,722.17
0.07	HUBS	HUBSPOT INC	BR4T3B3	704.36	128	90,158.08
0.07	RMD	RESMED INC	2732903	233.82	384	89,786.88
0.07	EA	ELECTRONIC ARTS INC	2310194	140.85	636	89,580.60
0.07	ODFL	OLD DOMINION FREIGHT LINE	2656423	176.41	505	89,087.05
0.07	WAB	WABTEC CORP	2955733	188.87	470	88,768.90
0.07	VMC	VULCAN MATERIALS CO	2931205	251.69	350	88,091.50
0.07	NET	CLOUDFLARE INC - CLASS A	BJXC5M2	112.62	781	87,956.22
0.07	EBAY	EBAY INC	2293819	65.90	1,334	87,910.60
0.07	GIS	GENERAL MILLS INC	2367026	58.50	1,501	87,808.50
0.07	CNC	CENTENE CORP	2807061	61.83	1,411	87,242.13
0.07	FERG	FERGUSON ENTERPRISES INC	BS6VHW3	169.75	512	86,912.00
0.07	HPQ	HP INC	BYX4D52	33.20	2,604	86,452.80
0.07	HUM	HUMANA INC	2445063	269.04	319	85,823.76
0.06	WTW	WILLIS TOWERS WATSON PLC	BDB6Q21	312.92	273	85,427.16
0.06	VEEV	VEEVA SYSTEMS INC-CLASS A	BFH3N85	217.75	392	85,358.00
0.06	KDP	KEURIG DR PEPPER INC	BD3W133	30.38	2,801	85,094.38
0.06	CHTR	CHARTER COMMUN-A	BZ6VT82	334.89	254	85,062.06
0.06	ACGL	ARCH CAPITAL GROUP LTD	2740542	90.17	943	85,030.31
0.06	ETR	ENTERGY CORP	2317087	76.19	1,111	84,647.09
0.06	ARES	ARES MANAGEMENT CORP - A	BF14BT1	175.04	482	84,369.28
0.06	GRMN	GARMIN LTD	B3Z5T14	209.16	402	84,082.32
0.06	HIG	HARTFORD FINL SV	2476193	106.31	783	83,240.73
0.06	LEN	LENNAR CORP-A	2511920	129.56	640	82,918.40
0.06	ROK	ROCKWELL AUTOMATION INC	2754060	273.40	303	82,840.20
0.06	NDAQ	NASDAQ INC	2965107	75.88	1,091	82,785.08
0.06	DECK	DECKERS OUTDOOR CORP	2267278	207.50	398	82,585.00
0.06	MLM	MARTIN MARIETTA MATERIALS	2572079	508.71	162	82,411.02
0.06	MTB	M & T BANK CORP	2340168	187.75	436	81,859.00
0.06	EXR	EXTRA SPACE STORAGE INC	B02HWR9	146.79	553	81,174.87
0.06	RBLX	ROBLOX CORP -CLASS A	BMWBC20	61.82	1,305	80,675.10
0.06	DXCM	DEXCOM INC	B0796X4	77.76	1,037	80,637.12
0.06	ED	CONSOLIDATED EDISON INC	2216850	88.15	912	80,392.80
0.06	TPL	TEXAS PACIFIC LAND CORP	BM99VY2	1,300.93	61	79,356.73
0.06	AVB	AVALONBAY COMMUNITIES INC	2131179	210.77	374	78,827.98
0.06	TSCO	TRACTOR SUPPLY COMPANY	2900335	54.59	1,444	78,827.96
0.06	EFX	EQUIFAX INC	2319146	244.35	322	78,680.70
0.06	FANG	DIAMONDBACK ENERGY INC	B7Y8YR3	174.77	450	78,646.50
0.06	ALNY	ALNYLAM PHARMACE	B00FWN1	237.98	328	78,057.44
0.06	CAH	CARDINAL HEALTH INC	2175672	121.57	641	77,926.37
0.06	WEC	WEC ENERGY GROUP INC	BYY8XK8	93.41	832	77,717.12
0.06	IRM	IRON MOUNTAIN INC	BVFTF03	101.16	764	77,286.24
0.06	ANSS	ANSYS INC	2045623	337.81	228	77,020.68
0.06		OTHER PAYABLE & RECEIVABLES		1.00	77,013	77,013.04
0.06	VICI	VICI PROPERTIES INC	BYWH073	28.21	2,729	76,985.09
0.06	TTWO	TAKE-TWO INTERAC	2122117	178.61	430	76,802.30
0.06	MCHP	MICROCHIP TECHNOLOGY INC	2592174	55.19	1,391	76,769.29
0.06	RJF	RAYMOND JAMES	2718992	154.21	496	76,488.16
0.06	STZ	CONSTELLATION-A	2170473	181.81	416	75,632.96
0.06	NUE	NUCOR CORP	2651086	118.16	635	75,031.60
0.06	HPE	HEWLETT PACKA	BYVYWS0	22.08	3,391	74,873.28
0.06	CSGP	COSTAR GROUP INC	2262864	69.87	1,070	74,760.90
0.06	STT	STATE STREET CORP	2842040	93.91	793	74,470.63
0.06	KEYS	KEYSIGHT TECHNOLOGIES IN	BQZJ0Q9	161.31	459	74,041.29
0.06	FITB	FIFTH THIRD BANCORP	2336747	41.12	1,791	73,645.92
0.06	EQT	EQT CORP	2319414	49.00	1,501	73,549.00
0.06	MPWR	MONOLITHIC POWER	B01Z7J1	591.23	124	73,312.52
0.06	DD	DUPONT DE NEMOURS INC	BK0VN47	72.70	999	72,627.30
0.05	DOW	DOW INC	BHXCF84	38.50	1,870	71,995.00
0.05	XYL	XYLEM INC	B3P2CN8	114.02	628	71,604.56
0.05	GPN	GLOBAL PAYMENTS INC	2712013	105.71	677	71,565.67
0.05	SW	SMURFIT WESTROCK PLC	BRK49M5	51.77	1,362	70,510.74
0.05	PPG	PPG INDUSTRIES INC	2698470	113.18	621	70,284.78
0.05	FTV	FORTIVE CORP	BYT3MK1	75.28	925	69,634.00
0.05	GDDY	GODADDY INC - CLASS A	BWFRFC6	192.86	354	68,272.44
0.05	BR	BROADRIDGE FINL	B1VP7R6	221.46	308	68,209.68
0.05	MTD	METTLER-TOLEDO	2126249	1,210.99	56	67,815.44
0.05	SYF	SYNCHRONY FINANCIAL	BP96PS6	63.77	1,062	67,723.74
0.05	DOV	DOVER CORP	2278407	183.64	361	66,294.04
0.05	ADM	ARCHER-DANIELS-MIDLAND CO	2047317	51.09	1,296	66,212.64
0.05	EIX	EDISON INTERNATIONAL	2829515	65.00	1,012	65,780.00
0.05	CHD	CHURCH & DWIGHT CO INC	2195841	101.42	643	65,213.06
0.05	LPLA	LPL FINANCIAL HO	B75JX34	330.41	197	65,090.77
0.05	CDW	CDW CORP/DE	BBM5MD6	183.14	355	65,014.70
0.05	DTE	DTE ENERGY COMPANY	2280220	119.02	540	64,270.80
0.05	BRO	BROWN & BROWN INC	2692687	101.95	629	64,126.55
0.05	HAL	HALLIBURTON CO	2405302	26.97	2,373	63,999.81
0.05	FCNCA	FIRST CITIZENS-A	2355582	2,063.80	31	63,977.80
0.05	CCL	CARNIVAL CORP	2523044	24.27	2,605	63,223.35
0.05	TROW	T ROWE PRICE GROUP INC	2702337	108.55	581	63,067.55
0.05	WST	WEST PHARMACEUT	2950482	331.73	190	63,028.70
0.05	NTAP	NETAPP INC	2630643	116.28	542	63,023.76
0.05	NVR	NVR INC	2637785	7,845.22	8	62,761.76
0.05	CPAY	CORPAY INC	BMX5GK7	348.39	179	62,361.81
0.05	WSM	WILLIAMS-SONOMA INC	2967589	196.97	316	62,242.52
0.05	AWK	AMERICAN WATER W	B2R3PV1	121.12	513	62,134.56
0.05	PPL	PPL CORP	2680905	31.73	1,941	61,587.93
0.05	TYL	TYLER TECHNOLOGIES INC	2909644	559.70	110	61,567.00
0.05	CPNG	COUPANG INC	BNYHDF3	21.34	2,878	61,416.52
0.05	HSY	HERSHEY CO/THE	2422806	158.20	388	61,381.60
0.05	ON	ON SEMICONDUCTOR	2583576	53.94	1,137	61,329.78
0.05	VTR	VENTAS INC	2927925	57.39	1,057	60,661.23
0.05	AEE	AMEREN CORPORATION	2050832	88.04	688	60,571.52
0.05	HBAN	HUNTINGTON BANCSHARES INC	2445966	16.02	3,778	60,523.56
0.05	EQR	EQUITY RESIDENTIAL	2319157	66.98	900	60,282.00
0.05	PHM	PULTEGROUP INC	2708841	107.61	556	59,831.16
0.05	EXPE	EXPEDIA GROUP INC	B748CK2	180.20	332	59,826.40
0.05	DVN	DEVON ENERGY CORP	2480677	35.99	1,656	59,599.44
0.05	KHC	KRAFT HEINZ CO/THE	BYRY499	28.51	2,079	59,272.29
0.05	HUBB	HUBBELL INC	BDFG6S3	420.25	141	59,255.25
0.04	WAT	WATERS CORP	2937689	380.35	154	58,573.90
0.04	MKL	MARKEL GROUP INC	2566436	1,660.14	35	58,104.90
0.04	VLTO	VERALTO CORP	BPGMZQ5	100.10	579	57,957.90
0.04	ZBH	ZIMMER BIOMET HO	2783815	104.54	550	57,497.00
0.04	CVNA	CARVANA CO	BYQHPG3	193.06	297	57,338.82
0.04	ILMN	ILLUMINA INC	2613990	136.69	419	57,273.11
0.04	EME	EMCOR GROUP INC	2474164	467.04	122	56,978.88
0.04	DRI	DARDEN RESTAURANTS INC	2289874	180.02	316	56,886.32
0.04	WBD	WARNER BROS DISCOVERY INC	BM8JYX3	9.70	5,854	56,783.80
0.04	PTC	PTC INC	B95N910	182.38	311	56,720.18
0.04	BIIB	BIOGEN INC	2455965	148.82	380	56,551.60
0.04	TDY	TELEDYNE TECHNOLOGIES INC	2503477	456.40	123	56,137.20
0.04	RF	REGIONS FINANCIAL CORP	B01R311	23.06	2,412	55,620.72
0.04	K	KELLANOVA	2486813	81.51	681	55,508.31
0.04	FE	FIRSTENERGY CORP	2100920	38.72	1,432	55,447.04
0.04	CINF	CINCINNATI FINANCIAL CORP	2196888	135.58	406	55,045.48
0.04	ZM	ZOOM COMMUNICATIONS INC	BGSP7M9	79.46	691	54,906.86
0.04	IFF	INTL FLAVORS & FRAGRANCES	2464165	81.36	672	54,673.92
0.04	TER	TERADYNE INC	2884183	134.17	406	54,473.02
0.04	SBAC	SBA COMMUNICATIONS CORP	BZ6TS23	192.76	282	54,358.32
0.04	CTRA	COTERRA ENERGY INC	2162340	27.77	1,955	54,290.35
0.04	ATO	ATMOS ENERGY CORP	2315359	137.04	394	53,993.76
0.04	LDOS	LEIDOS HOLDINGS INC	BDV82B8	149.44	359	53,648.96
0.04	NTRS	NORTHERN TRUST CORP	2648668	99.46	536	53,310.56
0.04	STE	STERIS PLC	BFY8C75	205.74	259	53,286.66
0.04	WDC	WESTERN DIGITAL CORP	2954699	62.82	840	52,768.80
0.04	CBOE	CBOE GLOBAL MARKETS INC	B5834C5	190.94	275	52,508.50
0.04	WY	WEYERHAEUSER CO	2958936	27.29	1,924	52,505.96
0.04	PSTG	PURE STORAGE-A	BYZ62T3	64.73	805	52,107.65
0.04	LH	LABCORP HOLDINGS INC	BSBK800	232.00	223	51,736.00
0.04	ZBRA	ZEBRA TECH CORP	2989356	385.54	134	51,662.36
0.04	CNP	CENTERPOINT ENERGY INC	2440637	31.18	1,653	51,540.54
0.04	CLX	CLOROX COMPANY	2204026	157.57	327	51,525.39
0.04	CFG	CITIZENS FINANCIAL GROUP	BQRX1X3	43.30	1,189	51,483.70
0.04	LUV	SOUTHWEST AIRLINES CO	2831543	33.12	1,554	51,468.48
0.04	HOOD	ROBINHOOD MARKETS INC - A	BP0TQN6	40.08	1,284	51,462.72
0.04	ULTA	ULTA BEAUTY INC	B28TS42	418.23	122	51,024.06
0.04	ES	EVERSOURCE ENERGY	BVVN4Q8	55.63	917	51,012.71
0.04	CMS	CMS ENERGY CORP	2219224	65.09	781	50,835.29
0.04	LII	LENNOX INTERNATIONAL INC	2442053	610.06	83	50,634.98
0.04	FSLR	FIRST SOLAR INC	B1HMF22	189.24	265	50,148.60
0.04	IBKR	INTERACTIVE BROK	B1WT4X2	185.21	265	49,080.65
0.04	LYV	LIVE NATION ENTE	B0T7YX2	128.51	381	48,962.31
0.04	LYB	LYONDELLBASELL INDU-CL A	B3SPXZ3	72.48	671	48,634.08
0.04	DKNG	DRAFTKINGS INC-CL A	BLDDH12	39.49	1,214	47,940.86
0.04	PINS	PINTEREST INC- CLASS A	BJ2Z0H2	30.66	1,558	47,768.28
0.04	VRSN	VERISIGN INC	2142922	207.08	228	47,214.24
0.04	PFG	PRINCIPAL FINANCIAL GROUP	2803014	76.34	618	47,178.12
0.04	MKC	MCCORMICK-N/V	2550161	71.39	660	47,117.40
0.04	COO	COOPER COS INC/THE	BQPDXR3	90.31	519	46,870.89
0.04	CSL	CARLISLE COS INC	2176318	369.10	125	46,137.50
0.04	ZS	ZSCALER INC	BZ00V34	189.98	242	45,975.16
0.03	INVH	INVITATION HOMES INC	BD81GW9	30.28	1,504	45,541.12
0.03	MAA	MID-AMERICA APAR	2589132	148.19	307	45,494.33
0.03	ESS	ESSEX PROPERTY TRUST INC	2316619	271.90	167	45,407.30
0.03	FDS	FACTSET RESEARCH	2329770	453.02	100	45,302.00
0.03	TRMB	TRIMBLE INC	2903958	70.23	645	45,298.35
0.03	LVS	LAS VEGAS SANDS CORP	B02T2J7	47.21	958	45,227.18
0.03	STLD	STEEL DYNAMICS INC	2849472	116.33	388	45,136.04
0.03	STX	SEAGATE TECHNOLO	BKVD2N4	88.87	507	45,057.09
0.03	WRB	WR BERKLEY CORP	2093644	56.70	794	45,019.80
0.03	MDB	MONGODB INC	BF2FJ99	245.22	183	44,875.26
0.03	BAH	BOOZ ALLEN HAMIL	B5367T7	132.47	337	44,642.39
0.03	DGX	QUEST DIAGNOSTICS INC	2702791	151.79	292	44,322.68
0.03	JBL	JABIL INC	2471789	153.88	287	44,163.56
0.03	BLDR	BUILDERS FIRSTSOURCE INC	B0BV2M7	139.96	314	43,947.44
0.03	TRU	TRANSUNION	BYMWL86	86.74	506	43,890.44
0.03	HOLX	HOLOGIC INC	2433530	71.70	612	43,880.40
0.03	MOH	MOLINA HEALTHCARE INC	2212706	286.08	152	43,484.16
0.03	J	JACOBS SOLUTIONS INC	BNGC0D3	132.35	328	43,410.80
0.03	SSNC	SS&C TECHNOLOGIE	B58YSC6	74.75	570	42,607.50
0.03	BBY	BEST BUY CO INC	2094670	83.27	510	42,467.70
0.03	APTV	APTIV PLC	BTDN8H1	59.35	714	42,375.90
0.03	BALL	BALL CORP	2073022	52.01	814	42,336.14
0.03	CF	CF INDUSTRIES HO	B0G4K50	88.76	476	42,249.76
0.03	WSO	WATSCO INC	2943039	463.86	91	42,211.26
0.03	OMC	OMNICOM GROUP	2279303	82.07	514	42,183.98
0.03	GPC	GENUINE PARTS CO	2367480	115.91	361	41,843.51
0.03	SMCI	SUPER MICRO COMPUTER INC	BRC3N73	32.60	1,267	41,304.20
0.03	EL	ESTEE LAUDER	2320524	73.45	561	41,205.45
0.03	DG	DOLLAR GENERAL CORP	B5B1S13	71.36	575	41,032.00
0.03	IEX	IDEX CORP	2456612	206.02	198	40,791.96
0.03	EXPD	EXPEDITORS INTL WASH INC	2325507	109.09	368	40,145.12
0.03	TSN	TYSON FOODS INC-CL A	2909730	54.27	737	39,996.99
0.03	TW	TRADEWEB MARKE-A	BJXMVK2	131.08	302	39,586.16
0.03	RS	RELIANCE INC	2729068	267.04	148	39,521.92
0.03	ALGN	ALIGN TECHNOLOGY INC	2679204	212.12	185	39,242.20
0.03	BAX	BAXTER INTERNATIONAL INC	2085102	29.42	1,324	38,952.08
0.03	L	LOEWS CORP	2523022	81.13	480	38,942.40
0.03	SUI	SUN COMMUNITIES INC	2860257	120.53	323	38,931.19
0.03	AVY	AVERY DENNISON CORP	2066408	184.86	210	38,820.60
0.03	ENTG	ENTEGRIS INC	2599700	98.92	392	38,776.64
0.03	ARE	ALEXANDRIA REAL	2009210	94.99	408	38,755.92
0.03	DLTR	DOLLAR TREE INC	2272476	72.90	529	38,564.10
0.03	SWKS	SKYWORKS SOLUTIONS INC	2961053	90.20	419	37,793.80
0.03	JBHT	HUNT (JB) TRANS	2445416	174.29	215	37,472.35
0.03	LNT	ALLIANT ENERGY CORP	2973821	56.66	656	37,168.96
0.03	AVTR	AVANTOR INC	BJLT387	21.66	1,707	36,973.62
0.03	RVTY	REVVITY INC	2305844	113.88	322	36,669.36
0.03	VTRS	VIATRIS INC	BMWS3X9	11.67	3,125	36,468.75
0.03	DOC	HEALTHPEAK PROPERTIES INC	BJBLRK3	19.66	1,847	36,312.02
0.03	ROL	ROLLINS INC	2747305	46.09	776	35,765.84
0.03	AMCR	AMCOR PLC	BJ1F307	9.41	3,780	35,569.80
0.03	EVRG	EVERGY INC	BFMXGR0	59.90	591	35,400.90
0.03	OKTA	OKTA INC	BDFZSP1	84.37	417	35,182.29
0.03	HEI/A	HEICO CORP-CLASS A	2237561	177.92	197	35,050.24
0.03	MRNA	MODERNA INC	BGSXTS3	42.25	827	34,940.75
0.03	AKAM	AKAMAI TECHNOLOGIES INC	2507457	88.93	390	34,682.70
0.03	INCY	INCYTE CORP	2471950	70.54	485	34,211.90
0.03	SNAP	SNAP INC - A	BD8DJ71	12.47	2,677	33,382.19
0.03	BMRN	BIOMARIN PHARMAC	2437071	67.38	486	32,746.68
0.02	CAG	CONAGRA BRANDS INC	2215460	25.94	1,241	32,191.54
0.02	SWK	STANLEY BLACK &	B3Q2FJ4	80.09	396	31,715.64
0.02	EG	EVEREST GROUP LTD	2556868	353.52	87	30,756.24
0.02	BG	BUNGE GLOBAL SA	BQ6BPG9	81.22	367	29,807.74
0.02	RPRX	ROYALTY PHARMA PLC- CL A	BMVP7Y0	29.49	980	28,900.20
0.02	OWL	BLUE OWL CAPITAL INC	BN7CQS9	22.55	1,272	28,683.60
0.02	FOXA	FOX CORP - CLASS A	BJJMGL2	48.19	592	28,528.48
0.02	NDSN	NORDSON CORP	2641838	200.12	141	28,216.92
0.02	BF/B	BROWN-FORMAN CORP-CLASS B	2146838	33.86	778	26,343.08
0.02	ERIE	ERIE INDEMNITY-A	2311711	389.24	67	26,079.08
0.02	TKO	TKO GROUP HOLDINGS INC	BQBBFD1	140.18	182	25,512.76
0.02	BXP	BXP INC	2019479	68.15	373	25,419.95
0.02	DOX	AMDOCS LTD	2256908	82.21	298	24,498.58
0.02	HEI	HEICO CORP	2419217	225.57	106	23,910.42
0.02	ENPH	ENPHASE ENERGY INC	B65SQW4	66.74	347	23,158.78
0.02	IOT	SAMSARA INC-CL A	BPK3058	43.78	514	22,502.92
0.02	HRL	HORMEL FOODS CORP	2437264	29.76	746	22,200.96
0.02	SCCO	SOUTHERN COPPER CORP	2823777	94.61	225	21,287.25
0.02	MGM	MGM RESORTS INTERNATIONAL	2547419	31.87	637	20,301.19
0.01	BSY	BENTLEY SYSTEM-B	BMC1PR6	45.86	412	18,894.32
0.01	CPB	THE CAMPBELL'S COMPANY	2162845	37.74	494	18,641.09
0.01	CE	CELANESE CORP	B05MZT4	65.01	264	17,162.64
0.01	EDR	ENDEAVOR GROUP-A	BJQ05Y5	30.13	497	14,974.61
0.01	FOX	FOX CORP - CLASS B	BJJMGY5	45.86	325	14,904.50
0.01	TPG	TPG INC	BNKBB55	62.40	227	14,164.80
0.01		CASH		1.00	13,875	13,875.02
0.01	WMG	WARNER MUSIC-A	BLGJ610	29.34	325	9,535.50
0.01	WLK	Westlake Corporation	B01ZP20	110.04	82	9,023.28
0.01	GFS	GLOBALFOUNDRIES INC	BMW7F63	40.96	186	7,618.56
0.00	BF/A	BROWN-FORMAN CORP-CLASS A	2146816	33.67	114	3,838.38
0.00	SIRI	SIRIUS XM HOLDINGS INC	BQWS627	20.83	146	3,038.37
0.00	MBLY	MOBILEYE GLOBAL INC-A	BLFH8G4	15.65	189	2,957.85
0.00	LEN/B	LENNAR CORP - B SHS	2578293	124.33	15	1,864.95
0.00	RKT	ROCKET COS INC-CLASS A	BMD6Y84	10.28	158	1,624.24

Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Documents

Latest Premium / Discount As of 01/10/25

NAV	$34.77
Market Price	$34.79
Premium / (Discount)	$0.02

Current View 2025 Q1 As of 01/10/25

Days at Premium	5
Days at NAV	0
Days at Discount	1
Greatest Premium	0.09%
Greatest Discount	-0.05%

Daily Premium / Discount History As of 01/10/25

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How can the Fund trade at a premium/discount to its NAV?

The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time discrepancies?

Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.

Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.

International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

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 12/31, ONOF was rated against the following numbers of Tactical Allocation funds over the following time periods: 232 during the last 3 years. With respect to these Tactical Allocation funds, ONOF received a Morningstar Rating of 4 stars. 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.

The Fund is based on the “modern portfolio theory” approach to asset allocation, which is a framework for determining the allocation of a portfolio with the goal of achieving an intended investment outcome based on a given level of risk. This framework relies heavily on the anticipated volatilities, investment returns and correlations of particular asset classes or securities. There is no guarantee that the Underlying Index will outperform any alternative strategy that might be employed in respect of the component assets or that past volatilities and correlations of particular asset classes or securities will be indicative of future results. ONOF 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.

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.