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AUSF

Adaptive U.S. Factor ETF

Morningstar Rating™ - Overall rating out of 389 Mid-Cap Value funds, based on risk-adjusted returns as of 03/31/2025

 

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 05/05/25

Inception Date 08/24/18
Total Expense Ratio 0.27%
Net Assets $497.02 million
NAV $42.74
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 05/05/25

Ticker AUSF
Bloomberg Index Ticker AWSUSF
CUSIP 37954Y574
ISIN US37954Y5740
Primary Exchange NYSE Arca
Shares Outstanding 11,630,002
Number of Holdings 192
30-Day Median Bid-Ask Spread 0.26%

Distributions As of 05/05/25

30-Day SEC Yield 2.76%
Distribution Frequency Quarterly

ETF Prices As of 05/05/25

NAV $42.74 Daily Change -$0.15 -0.35%
Market Price $42.90 Daily Change -$0.02 -0.05%

Performance History

As of recent
(03/31/25)
As of recent
(03/31/25)
Fund NAV Market Price Index
1 Year 9.71% 9.94% 10.04%
3 Years 14.21% 14.18% 14.58%
5 Years 22.75% 22.76% 23.17%
Since Inception 12.03% 12.04% 12.40%
1 Year 11.99% 12.18% 12.34%
3 Years 14.68% 14.73% 15.07%
5 Years 19.00% 19.06% 19.40%
Since Inception 11.42% 11.43% 11.78%
Year-to-Date 4.45% 4.61% 4.54%
1 Month -0.59% -0.34% -0.57%
3 Months 4.45% 4.61% 4.54%
Since Inception 111.76% 111.94% 116.38%
Year-to-Date 1.67% 1.81% 1.77%
1 Month -2.66% -2.68% -2.65%
3 Months -2.06% -2.13% -1.99%
Since Inception 106.13% 106.26% 110.65%

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 05/05/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.45 T AT&T INC 2831811 27.51 441,839 12,154,990.89
2.06 VZ VERIZON COMMUNIC 2090571 43.54 235,117 10,236,994.18
1.90 CME CME GROUP INC 2965839 282.56 33,417 9,442,307.52
1.85 RSG REPUBLIC SERVICES INC 2262530 250.73 36,731 9,209,563.63
1.85 COR CENCORA INC 2795393 291.97 31,512 9,200,558.64
1.79 TMUS T-MOBILE US INC B94Q9V0 248.30 35,753 8,877,469.90
1.73 BRK/B BERKSHIRE HATH-B 2073390 512.15 16,829 8,618,972.35
1.69 V VISA INC-CLASS A SHARES B2PZN04 348.64 24,119 8,408,848.16
1.67 WMT WALMART INC 2936921 99.33 83,526 8,296,637.58
1.67 ICE INTERCONT EXCH I BFSSDS9 173.98 47,676 8,294,670.48
1.63 BSX BOSTON SCIENTIFIC CORP 2113434 104.24 77,718 8,101,324.32
1.62 RTX RTX CORPORATION BM5M5Y3 128.59 62,674 8,059,249.66
1.59 K KELLANOVA 2486813 82.61 95,456 7,885,620.16
1.58 WM WASTE MANAGEMENT INC 2937667 234.79 33,403 7,842,690.37
1.55 ADP AUTOMATIC DATA PROCESSING 2065308 303.96 25,407 7,722,711.72
1.55 ACI ALBERTSONS COS-A BYNQ369 21.70 355,853 7,722,010.10
1.53 MMC MARSH & MCLENNAN COS 2567741 226.57 33,595 7,611,619.15
1.51 CSCO CISCO SYSTEMS INC 2198163 59.32 126,490 7,503,386.80
1.48 LMT LOCKHEED MARTIN CORP 2522096 471.56 15,633 7,371,897.48
1.48 JNPR JUNIPER NETWORKS INC 2431846 36.63 200,950 7,360,798.50
1.45 LIN LINDE PLC BNZHB81 452.49 15,867 7,179,658.83
1.44 JNJ JOHNSON & JOHNSON 2475833 155.00 46,249 7,168,595.00
1.43 DOX AMDOCS LTD 2256908 89.67 79,155 7,097,828.85
1.41 EA ELECTRONIC ARTS INC 2310194 154.74 45,358 7,018,696.92
1.38 GD GENERAL DYNAMICS CORP 2365161 272.14 25,218 6,862,826.52
1.25 KO COCA-COLA CO/THE 2206657 71.70 86,863 6,228,077.10
1.11 CBOE CBOE GLOBAL MARKETS INC B5834C5 231.67 23,769 5,506,564.23
0.96 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 405.37 11,740 4,759,043.80
0.91 MRK MERCK & CO. INC. 2778844 82.84 54,674 4,529,194.16
0.81 MCD MCDONALD'S CORP 2550707 315.72 12,821 4,047,846.12
0.71 MO ALTRIA GROUP INC 2692632 59.87 58,873 3,524,726.51
0.66 CVS CVS HEALTH CORP 2577609 67.10 49,217 3,302,460.70
0.65 UNM UNUM GROUP 2433842 78.66 41,193 3,240,241.38
0.62 LBRDK LIBERTY BROADBAND-C BRTLC06 91.78 33,615 3,085,184.70
0.62 X UNITED STATES STEEL CORP 2824770 42.89 71,220 3,054,625.80
0.60 DTM DT MIDSTREAM INC BN7L880 101.60 29,292 2,976,067.20
0.60 HII HUNTINGTON INGAL B40SSC9 233.18 12,738 2,970,246.84
0.58 WPC WP CAREY INC B826YT8 61.52 47,140 2,900,052.80
0.58 THC TENET HEALTHCARE CORP B8DMK08 149.03 19,374 2,887,307.22
0.58 UGI UGI CORP 2910118 33.52 85,967 2,881,613.84
0.58 MOS MOSAIC CO/THE B3NPHP6 30.60 93,431 2,858,988.60
0.57 RPRX ROYALTY PHARMA PLC- CL A BMVP7Y0 33.00 86,355 2,849,715.00
0.57 CTRE CARETRUST REIT INC BMP8TL6 28.92 98,122 2,837,688.24
0.57 VICI VICI PROPERTIES INC BYWH073 31.89 88,249 2,814,260.61
0.57 KMI KINDER MORGAN INC B3NQ4P8 26.87 104,719 2,813,799.53
0.56 AM ANTERO MIDSTREAM CORP BJBT0Q4 17.56 158,489 2,783,066.84
0.55 MTG MGIC INVESTMENT CORP 2548616 26.04 105,652 2,751,178.08
0.55 TAP MOLSON COORS-B B067BM3 57.44 47,381 2,721,564.64
0.54 AL AIR LEASE CORP B3XS562 48.76 55,175 2,690,333.00
0.54 SIG SIGNET JEWELERS LTD B3CTNK6 60.93 43,985 2,680,006.05
0.54 FOXA FOX CORP - CLASS A BJJMGL2 49.26 53,932 2,656,690.32
0.53 RDN RADIAN GROUP INC 2173911 33.89 78,195 2,650,028.55
0.53 ESNT ESSENT GROUP LTD BFWGXR8 58.46 45,187 2,641,632.02
0.53 F FORD MOTOR CO 2615468 10.17 259,104 2,635,087.68
0.53 TSN TYSON FOODS INC-CL A 2909730 56.08 46,715 2,619,777.20
0.53 RITM RITHM CAPITAL CORP BRJ9GW0 11.35 230,726 2,618,740.10
0.53 STWD STARWOOD PROPERT B3PQ520 19.15 136,632 2,616,502.80
0.53 BEN FRANKLIN RESOURCES INC 2350684 20.01 130,728 2,615,867.28
0.52 NXST Nexstar Media Group Inc 2949758 155.37 16,748 2,602,136.76
0.52 BG BUNGE GLOBAL SA BQ6BPG9 77.82 33,389 2,598,331.98
0.52 LNC LINCOLN NATIONAL CORP 2516378 32.93 78,645 2,589,779.85
0.51 KHC KRAFT HEINZ CO/THE BYRY499 28.59 89,404 2,556,060.36
0.51 ARW ARROW ELECTRONICS INC 2051404 116.57 21,836 2,545,422.52
0.51 AFG AMER FINL GROUP 2134532 129.11 19,468 2,513,513.48
0.51 BR BROADRIDGE FINL B1VP7R6 232.18 10,824 2,513,116.32
0.51 RNR RENAISSANCERE 2728429 246.83 10,175 2,511,495.25
0.50 EG EVEREST GROUP LTD 2556868 347.36 7,129 2,476,329.44
0.50 WU WESTERN UNION CO B1F76F9 9.72 254,083 2,469,686.76
0.50 MDT MEDTRONIC PLC BTN1Y11 83.45 29,534 2,464,612.30
0.49 CNC CENTENE CORP 2807061 59.78 40,885 2,444,105.30
0.49 ADM ARCHER-DANIELS-MIDLAND CO 2047317 47.50 51,412 2,442,070.00
0.49 LEA LEAR CORP B570P91 88.37 27,566 2,436,007.42
0.49 CAG CONAGRA BRANDS INC 2215460 23.51 103,098 2,423,833.98
0.49 GAP GAP INC/THE 2360326 22.87 105,639 2,415,963.93
0.49 CMCSA COMCAST CORP-CLASS A 2044545 34.45 70,000 2,411,500.00
0.49 SON SONOCO PRODUCTS CO 2821395 44.96 53,601 2,409,900.96
0.48 BWA BORGWARNER INC 2111955 29.45 81,712 2,406,418.40
0.48 UBSI UNITED BANKSHARES INC 2905794 35.29 67,796 2,392,520.84
0.48 AVT AVNET INC 2066505 50.06 47,753 2,390,515.18
0.47 AGNC AGNC INVESTMENT CORP BYYHJL8 8.76 268,894 2,355,511.44
0.47 IPG INTERPUBLIC GRP 2466321 25.31 92,094 2,330,899.14
0.47 CMA COMERICA INC 2212870 55.79 41,491 2,314,782.89
0.47 HBAN HUNTINGTON BANCSHARES INC 2445966 15.02 154,072 2,314,161.44
0.46 PB PROSPERITY BANCSHARES INC 2310257 70.02 32,942 2,306,598.84
0.46 FNB FNB CORP 2041308 13.65 167,151 2,281,611.15
0.46 PRU PRUDENTIAL FINANCIAL INC 2819118 102.67 22,140 2,273,113.80
0.45 RF REGIONS FINANCIAL CORP B01R311 21.11 106,866 2,255,941.26
0.45 OZK BANK OZK BZ56Q65 44.05 51,002 2,246,638.10
0.45 C CITIGROUP INC 2297907 70.24 31,955 2,244,519.20
0.45 GM GENERAL MOTORS CO B665KZ5 45.38 49,214 2,233,331.32
0.45 LAD LITHIA MOTORS INC 2515030 298.44 7,470 2,229,346.80
0.45 OMF ONEMAIN HOLDINGS INC BYSZB89 48.92 45,496 2,225,664.32
0.45 BIIB BIOGEN INC 2455965 121.80 18,242 2,221,875.60
0.44 CADE CADENCE BANK BMCS168 30.26 72,342 2,189,068.92
0.44 HOG HARLEY-DAVIDSON INC 2411053 23.78 91,947 2,186,499.66
0.44 UMBF UMB FINANCIAL CORP 2918510 101.00 21,608 2,182,408.00
0.44 TFC TRUIST FINANCIAL CORP BKP7287 39.35 55,331 2,177,274.85
0.44 WBS WEBSTER FINANCIAL CORP 2945143 49.49 43,851 2,170,185.99
0.44 VNOM VIPER ENERGY INC BR1YSF0 41.41 52,291 2,165,370.31
0.44 KRC KILROY REALTY CORP 2495529 31.88 67,876 2,163,886.88
0.44 MTH MERITAGE HOMES CORP 2601326 68.27 31,642 2,160,199.34
0.43 EMN EASTMAN CHEMICAL CO 2298386 76.22 28,164 2,146,660.08
0.43 CFG CITIZENS FINANCIAL GROUP BQRX1X3 38.71 55,199 2,136,753.29
0.43 COLB COLUMBIA BANKING 2176608 23.64 90,363 2,136,181.32
0.43 SLG SL GREEN REALTY CORP BPGKM57 54.73 38,648 2,115,205.04
0.42 SNX TD SYNNEX CORP 2002554 114.72 18,388 2,109,471.36
0.42 M MACY'S INC 2345022 11.84 177,983 2,107,318.72
0.42 BBY BEST BUY CO INC 2094670 67.66 31,008 2,098,001.28
0.42 KBH KB HOME 2485070 54.70 38,307 2,095,392.90
0.42 ZION ZIONS BANCORP NA 2989828 46.50 44,684 2,077,806.00
0.42 ELAN ELANCO ANIMAL HEALTH INC BF5L3T2 9.65 214,803 2,072,848.95
0.42 BKR BAKER HUGHES CO BDHLTQ5 36.52 56,750 2,072,510.00
0.42 NOV NOV INC BN2RYW9 11.89 174,087 2,069,894.43
0.41 HPQ HP INC BYX4D52 25.90 78,389 2,030,275.10
0.40 VTRS VIATRIS INC BMWS3X9 8.59 233,211 2,003,282.49
0.39 FANG DIAMONDBACK ENERGY INC B7Y8YR3 133.08 14,679 1,953,481.32
0.39 PVH PVH CORP B3V9F12 71.59 27,029 1,935,006.11
0.39 CHRD CHORD ENERGY CORP BLDDYB1 90.28 21,248 1,918,269.44
0.38 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 56.21 33,714 1,895,063.94
0.38 SWKS SKYWORKS SOLUTIONS INC 2961053 66.13 28,260 1,868,833.80
0.37 DOW DOW INC BHXCF84 28.95 63,690 1,843,825.50
0.36 HPE HEWLETT PACKA BYVYWS0 16.67 106,529 1,775,838.43
0.35 NE NOBLE CORP PLC BN2QTL0 22.18 78,443 1,739,865.74
0.35 FMC FMC CORP 2328603 35.91 47,797 1,716,390.27
0.32 CE CELANESE CORP B05MZT4 44.77 35,659 1,596,453.43
0.31 YUM YUM! BRANDS INC 2098876 146.58 10,504 1,539,676.32
0.31 WHR WHIRLPOOL CORP 2960384 77.12 19,712 1,520,189.44
0.29 OGN ORGANON & CO BLDC8J4 8.72 163,764 1,428,022.08
0.27 CIVI CIVITAS RESOURCES INC BMG9GG2 27.25 49,902 1,359,829.50
0.27 ACHC ACADIA HEALTHCARE CO INC B65VZ37 22.81 58,753 1,340,155.93
0.22 PGR PROGRESSIVE CORP 2705024 282.16 3,805 1,073,618.80
0.18 PG PROCTER & GAMBLE CO/THE 2704407 158.83 5,713 907,395.79
0.18 ABBV ABBVIE INC B92SR70 196.07 4,487 879,766.09
0.16 COST COSTCO WHOLESALE CORP 2701271 1,014.89 801 812,926.89
0.16 KR KROGER CO 2497406 72.88 11,023 803,356.24
0.16 TW TRADEWEB MARKE-A BJXMVK2 144.31 5,540 799,477.40
0.14 CASH 1.00 677,555 677,555.00
0.13 SNA SNAP-ON INC 2818740 313.76 2,079 652,307.04
0.12 VRSN VERISIGN INC 2142922 284.55 2,136 607,798.80
0.12 MCK MCKESSON CORP 2378534 707.00 857 605,899.00
0.12 WRB WR BERKLEY CORP 2093644 72.49 8,093 586,661.57
0.12 SO SOUTHERN CO/THE 2829601 91.05 6,367 579,715.35
0.11 WMB WILLIAMS COS INC 2967181 60.17 9,329 561,325.93
0.11 AFL AFLAC INC 2026361 105.75 5,180 547,785.00
0.11 GRMN GARMIN LTD B3Z5T14 190.15 2,851 542,117.65
0.11 DUK DUKE ENERGY CORP B7VD3F2 120.75 4,455 537,941.25
0.11 CAH CARDINAL HEALTH INC 2175672 151.99 3,501 532,116.99
0.11 MA MASTERCARD INC - A B121557 561.12 937 525,769.44
0.10 ORI OLD REPUBLIC INTL CORP 2659109 38.07 13,333 507,587.31
0.10 ED CONSOLIDATED EDISON INC 2216850 109.52 4,486 491,306.72
0.10 NOC NORTHROP GRUMMAN CORP 2648806 493.33 968 477,543.44
0.09 ROP ROPER TECHNOLOGIES INC 2749602 571.13 807 460,901.91
0.09 VRSK VERISK ANALYTICS INC B4P9W92 294.75 1,555 458,336.25
0.09 WELL WELLTOWER INC BYVYHH4 150.93 3,026 456,714.18
0.09 CHE CHEMED CORP 2190084 576.07 790 455,095.30
0.09 AJG ARTHUR J GALLAGHER & CO 2359506 334.86 1,342 449,382.12
0.09 ATO ATMOS ENERGY CORP 2315359 161.40 2,783 449,176.20
0.09 ECL ECOLAB INC 2304227 255.10 1,735 442,598.50
0.09 GDDY GODADDY INC - CLASS A BWFRFC6 182.19 2,427 442,175.13
0.09 IBM IBM 2005973 249.18 1,760 438,556.80
0.09 FE FIRSTENERGY CORP 2100920 43.09 10,101 435,252.09
0.09 DGX QUEST DIAGNOSTICS INC 2702791 177.57 2,447 434,513.79
0.09 AAPL APPLE INC 2046251 198.89 2,184 434,375.76
0.09 PPL PPL CORP 2680905 36.28 11,965 434,090.20
0.09 EVRG EVERGY INC BFMXGR0 69.46 6,197 430,443.62
0.09 PNW PINNACLE WEST CAPITAL 2048804 93.91 4,583 430,389.53
0.09 TJX TJX COMPANIES INC 2989301 128.94 3,331 429,499.14
0.09 CMS CMS ENERGY CORP 2219224 73.04 5,877 429,256.08
0.09 CI THE CIGNA GROUP BHJ0775 333.01 1,287 428,583.87
0.09 HIG HARTFORD INSURANCE GROUP 2476193 125.71 3,404 427,916.84
0.09 ATR APTARGROUP INC 2045247 151.48 2,813 426,113.24
0.09 INGR INGREDION INC B7K24P7 133.63 3,145 420,266.35
0.08 WEC WEC ENERGY GROUP INC BYY8XK8 108.70 3,861 419,690.70
0.08 AEP AMERICAN ELECTRIC POWER 2026242 107.44 3,865 415,255.60
0.08 WTW WILLIS TOWERS WATSON PLC BDB6Q21 309.29 1,339 414,139.31
0.08 NI NISOURCE INC 2645409 39.31 10,520 413,541.20
0.08 CB CHUBB LTD B3BQMF6 287.83 1,434 412,748.22
0.08 CL COLGATE-PALMOLIVE CO 2209106 90.74 4,499 408,239.26
0.08 TRV TRAVELERS COS INC/THE 2769503 267.54 1,501 401,577.54
0.08 ETR ENTERGY CORP 2317087 84.39 4,737 399,755.43
0.08 L LOEWS CORP 2523022 86.56 4,507 390,125.92
0.08 AON AON PLC-CLASS A BLP1HW5 355.49 1,085 385,706.65
0.08 AMGN AMGEN INC 2023607 280.06 1,365 382,281.90
0.08 AME AMETEK INC 2089212 170.27 2,217 377,488.59
0.08 PKG PACKAGING CORP OF AMERICA 2504566 181.22 2,078 376,575.16
0.08 FI FISERV INC 2342034 185.50 2,022 375,081.00
0.08 XOM EXXON MOBIL CORP 2326618 103.27 3,624 374,250.48
0.07 HON HONEYWELL INTL 2020459 214.25 1,710 366,367.50
0.07 LDOS LEIDOS HOLDINGS INC BDV82B8 147.94 2,470 365,411.80
0.07 CVX CHEVRON CORP 2838555 135.50 2,556 346,338.00
0.07 CHD CHURCH & DWIGHT CO INC 2195841 92.78 3,661 339,667.58
0.06 HOLX HOLOGIC INC 2433530 52.73 5,151 271,612.23
0.05 BDX BECTON DICKINSON AND CO 2087807 167.00 1,608 268,536.00
0.05 OTHER PAYABLE & RECEIVABLES 1.00 249,319 249,319.21
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 04/30/25

Sector Weight (%)
Financials 25.1
Industrials 11.6
Health Care 11.4
Consumer Staples 10.6
Communication Services 10.3
Information Technology 9.0
Consumer Discretionary 7.6
Materials 5.3
Energy 4.7
Real Estate 2.7
Utilities 1.8

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Financial Services 12.6
Food, Beverage & Tobacco 6.8
Banks 6.7
Health Care Equipment & Services 6.3
Telecommunication Services 6.3
Technology Hardware & Equipment 6.2
Capital Goods 6.0
Insurance 5.8
Commercial & Professional Services 5.6
Materials 5.3
Energy 4.7
Other 27.7

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 05/05/25

Return on Equity 13.70%
Weighted Avg. Market Cap 114,402 M
2024 2025
Price-to-earnings 12.65 12.69
Price-to-book value 1.82 1.67

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 04/30/25

Versus Beta
S&P 500 0.79
NASDAQ-100 0.47
MSCI EAFE 0.69
MSCI Emg. Mkts 0.39
Standard Deviation 15.60%

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 3/31, AUSF was rated against the following numbers of Mid-Cap Value funds over the following time periods: 389 during the last 3 years, 366 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.

© 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. 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.