ONOF

Adaptive U.S. Risk Management ETF

Morningstar Rating™ - Overall rating out of 237 Tactical Allocation funds, based on risk-adjusted returns as of 03/31/2025

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 05/05/25

Inception Date	01/12/21
Total Expense Ratio	0.39%
Net Assets	$115.96 million
NAV	$31.26
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 05/02/25

Ticker	ONOF
Bloomberg Index Ticker	AWSRSK
CUSIP	37954Y194
ISIN	US37954Y1947
Primary Exchange	NYSE Arca
Shares Outstanding	3,710,000
Number of Holdings	506
30-Day Median Bid-Ask Spread	0.14%

Distributions As of 05/05/25

30-Day SEC Yield	2.48%
Distribution Frequency	Semi-Annually

ETF Prices As of 05/05/25

NAV	$31.26	Daily Change	-$0.18	-0.57%
Market Price	$31.26	Daily Change	-$0.16	-0.51%

As of recent (03/31/25) As of recent (03/31/25)	Fund NAV	Market Price	Index
1 Year	0.02%	-0.11%	0.51%
3 Years	8.74%	8.66%	9.29%
Since Inception	7.67%	7.68%	7.95%
1 Year	-0.92%	-1.05%	-0.39%
3 Years	7.78%	7.91%	8.31%
Since Inception	6.25%	6.29%	6.54%
Year-to-Date	-7.54%	-7.53%	-7.45%
1 Month	-8.81%	-8.65%	-8.77%
3 Months	-7.54%	-7.53%	-7.45%
Since Inception	36.55%	36.62%	38.06%
Year-to-Date	-12.13%	-12.04%	-11.97%
1 Month	-4.97%	-4.88%	-4.89%
3 Months	-14.76%	-14.72%	-14.62%
Since Inception	29.77%	29.96%	31.31%

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 ($)	Shares Held	Market Value ($)
6.56	MSFT	MICROSOFT CORP	2588173	435.28	17,572	7,648,740.16
6.21	AAPL	APPLE INC	2046251	205.35	35,257	7,240,024.95
5.53	NVDA	NVIDIA CORP	2379504	114.50	56,361	6,453,334.50
3.66	AMZN	AMAZON.COM INC	2000019	189.98	22,500	4,274,550.00
2.66	META	META PLATFORMS INC	B7TL820	597.02	5,200	3,104,504.00
1.97	GOOGL	ALPHABET INC-CL A	BYVY8G0	164.03	13,977	2,292,647.31
1.92	AVGO	BROADCOM INC	BDZ78H9	203.64	11,008	2,241,669.12
1.76	GOOG	ALPHABET INC-CL C	BYY88Y7	165.81	12,361	2,049,577.41
1.65	TSLA	TESLA INC	B616C79	287.21	6,697	1,923,445.37
1.47	BRK/B	BERKSHIRE HATH-B	2073390	539.80	3,172	1,712,245.60
1.46	JPM	JPMORGAN CHASE & CO	2190385	252.51	6,723	1,697,624.73
1.44	LLY	ELI LILLY & CO	2516152	823.62	2,033	1,674,419.46
1.23	V	VISA INC-CLASS A SHARES	B2PZN04	347.60	4,139	1,438,716.40
0.99	NFLX	NETFLIX INC	2857817	1,156.49	999	1,155,333.51
0.96	XOM	EXXON MOBIL CORP	2326618	106.21	10,522	1,117,541.62
0.94	MA	MASTERCARD INC - A	B121557	560.19	1,951	1,092,931.69
0.92	COST	COSTCO WHOLESALE CORP	2701271	1,009.60	1,061	1,071,185.60
0.89	WMT	WALMART INC	2936921	98.75	10,463	1,033,221.25
0.75	PG	PROCTER & GAMBLE CO/THE	2704407	160.52	5,469	877,883.88
0.75	JNJ	JOHNSON & JOHNSON	2475833	156.12	5,594	873,335.28
0.73	UNH	UNITEDHEALTH GROUP INC	2917766	399.92	2,135	853,829.20
0.72	HD	HOME DEPOT INC	2434209	364.52	2,308	841,312.16
0.70	ABBV	ABBVIE INC	B92SR70	198.47	4,106	814,917.82
0.56	KO	COCA-COLA CO/THE	2206657	71.65	9,044	648,002.60
0.55	BAC	BANK OF AMERICA CORP	2295677	41.07	15,525	637,611.75
0.53	PM	PHILIP MORRIS IN	B2PKRQ3	170.86	3,625	619,367.50
0.51	CRM	SALESFORCE INC	2310525	275.08	2,169	596,648.52
0.50	PLTR	PALANTIR TECHN-A	BN78DQ4	124.28	4,713	585,731.64
0.49	WFC	WELLS FARGO & CO	2649100	73.80	7,783	574,385.40
0.49	ORCL	ORACLE CORP	2661568	150.73	3,788	570,965.24
0.47	CSCO	CISCO SYSTEMS INC	2198163	59.33	9,326	553,311.58
0.47	CVX	CHEVRON CORP	2838555	138.50	3,921	543,058.50
0.46	ABT	ABBOTT LABORATORIES	2002305	132.82	4,039	536,459.98
0.46	IBM	IBM	2005973	245.55	2,164	531,370.20
0.45	GE	GE AEROSPACE	BL59CR9	207.70	2,526	524,650.20
0.45	MCD	MCDONALD'S CORP	2550707	311.96	1,673	521,909.08
0.43	LIN	LINDE PLC	BNZHB81	454.95	1,113	506,359.35
0.42	MRK	MERCK & CO. INC.	2778844	83.18	5,923	492,675.14
0.40	NOW	SERVICENOW INC	B80NXX8	977.36	482	471,087.52
0.40	T	AT&T INC	2831811	27.61	16,819	464,372.59
0.39	ACN	ACCENTURE PLC-CL A	B4BNMY3	306.94	1,466	449,966.98
0.38	ISRG	INTUITIVE SURGICAL INC	2871301	529.42	831	439,948.02
0.37	VZ	VERIZON COMMUNIC	2090571	43.74	9,894	432,763.56
0.37	PEP	PEPSICO INC	2681511	133.75	3,219	430,541.25
0.36	GS	GOLDMAN SACHS GROUP INC	2407966	566.10	733	414,951.30
0.35	RTX	RTX CORPORATION	BM5M5Y3	130.21	3,129	407,427.09
0.35	INTU	INTUIT INC	2459020	631.68	640	404,275.20
0.35	UBER	UBER TECHNOLOGIES INC	BK6N347	84.28	4,783	403,111.24
0.34	BKNG	BOOKING HOLDINGS INC	BDRXDB4	5,202.80	76	395,412.80
0.34	DIS	WALT DISNEY CO/THE	2270726	92.49	4,263	394,284.87
0.34	ADBE	ADOBE INC	2008154	380.87	1,034	393,819.58
0.33	PGR	PROGRESSIVE CORP	2705024	282.81	1,375	388,863.75
0.33	TMO	THERMO FISHER	2886907	423.55	899	380,771.45
0.32	AMD	ADVANCED MICRO DEVICES	2007849	98.80	3,799	375,341.20
0.32	SPGI	S&P GLOBAL INC	BYV2325	506.62	730	369,832.60
0.32	CAT	CATERPILLAR INC	2180201	323.68	1,136	367,700.48
0.31	QCOM	QUALCOMM INC	2714923	139.81	2,612	365,183.72
0.31	BSX	BOSTON SCIENTIFIC CORP	2113434	104.93	3,466	363,687.38
0.31	AXP	AMERICAN EXPRESS CO	2026082	277.74	1,305	362,449.55
0.31	TXN	TEXAS INSTRUMENTS INC	2885409	165.87	2,146	355,957.02
0.30	AMGN	AMGEN INC	2023607	281.22	1,263	355,180.86
0.30	MS	MORGAN STANLEY	2262314	121.15	2,909	352,410.81
0.29	TJX	TJX COMPANIES INC	2989301	129.21	2,652	342,664.92
0.29	BLK	BLACKROCK INC	BMZBBT7	929.20	362	336,370.40
0.28	HON	HONEYWELL INTL	2020459	214.13	1,537	329,117.81
0.28	NEE	NEXTERA ENERGY INC	2328915	67.09	4,857	325,856.13
0.28	PFE	PFIZER INC	2684703	24.20	13,414	324,618.80
0.27	BA	BOEING CO/THE	2108601	185.46	1,694	314,169.24
0.27	UNP	UNION PACIFIC CORP	2914734	218.29	1,433	312,809.57
0.26	CMCSA	COMCAST CORP-CLASS A	2044545	34.46	8,952	308,485.92
0.26	C	CITIGROUP INC	2297907	70.59	4,350	307,066.50
0.26	GILD	GILEAD SCIENCES INC	2369174	103.68	2,946	305,441.28
0.26	VRTX	VERTEX PHARM	2931034	501.15	609	305,200.35
0.26	LOW	LOWE'S COS INC	2536763	227.19	1,337	303,753.03
0.26	DHR	DANAHER CORP	2250870	199.05	1,522	302,954.10
0.26	AMAT	APPLIED MATERIALS INC	2046552	155.10	1,925	298,567.50
0.25	SCHW	SCHWAB (CHARLES) CORP	2779397	83.11	3,542	294,375.62
0.25	ADP	AUTOMATIC DATA PROCESSING	2065308	303.57	966	293,248.62
0.25	PANW	PALO ALTO NETWORKS INC	B87ZMX0	187.70	1,542	289,433.40
0.25	TMUS	T-MOBILE US INC	B94Q9V0	248.88	1,155	287,456.40
0.25	DE	DEERE & CO	2261203	483.42	593	286,670.35
0.24	SYK	STRYKER CORP	2853688	378.22	753	284,799.66
0.24	COP	CONOCOPHILLIPS	2685717	91.41	3,067	280,354.47
0.24	ETN	EATON CORP PLC	B8KQN82	299.71	933	279,629.43
0.24	CB	CHUBB LTD	B3BQMF6	287.31	954	274,093.74
0.23	MMC	MARSH & MCLENNAN COS	2567741	228.14	1,167	266,240.92
0.23	LMT	LOCKHEED MARTIN CORP	2522096	472.80	562	265,713.60
0.22	GEV	GE VERNOVA INC	BP6H4Y1	396.32	654	259,193.28
0.22	MDT	MEDTRONIC PLC	BTN1Y11	84.85	3,052	258,962.20
0.22	MELI	MERCADOLIBRE INC	B23X1H3	2,280.69	112	255,437.28
0.21	AMT	AMERICAN TOWER CORP	B7FBFL2	223.60	1,113	248,866.80
0.21	FI	FISERV INC	2342034	184.37	1,347	248,346.39
0.21	BMY	BRISTOL-MYERS SQUIBB CO	2126335	50.57	4,840	244,758.80
0.21	CRWD	CROWDSTRIKE HO-A	BJJP138	440.58	549	241,878.42
0.21	MO	ALTRIA GROUP INC	2692632	59.61	4,046	241,182.06
0.21	CME	CME GROUP INC	2965839	280.45	857	240,345.65
0.20	SO	SOUTHERN CO/THE	2829601	91.05	2,611	237,731.55
0.20	ICE	INTERCONT EXCH I	BFSSDS9	173.45	1,359	235,718.55
0.20	BX	BLACKSTONE INC	BKF2SL7	137.42	1,715	235,675.30
0.20	ADI	ANALOG DEVICES INC	2032067	198.59	1,183	234,931.97
0.20	PLD	PROLOGIS INC	B44WZD7	105.41	2,208	232,745.28
0.20	APH	AMPHENOL CORP-CL A	2145084	80.66	2,845	229,477.70
0.20	LRCX	LAM RESEARCH CORP	BSML4N7	74.52	3,076	229,223.52
0.19	ANET	ARISTA NETWORKS INC	BL9XPM3	91.02	2,490	226,639.80
0.19	ELV	ELEVANCE HEALTH INC	BSPHGL4	409.98	552	226,308.96
0.19	SBUX	STARBUCKS CORP	2842255	84.69	2,659	225,190.71
0.19	WM	WASTE MANAGEMENT INC	2937667	233.94	960	224,582.40
0.19	WELL	WELLTOWER INC	BYVYHH4	150.72	1,490	224,572.80
0.19	DUK	DUKE ENERGY CORP	B7VD3F2	121.58	1,847	224,558.26
0.19	KLAC	KLA CORP	2480138	698.16	319	222,713.04
0.19	SPOT	SPOTIFY TECHNOLOGY SA	BFZ1K46	644.00	342	220,248.00
0.19	CI	THE CIGNA GROUP	BHJ0775	334.75	654	218,926.50
0.19	MDLZ	MONDELEZ INTER-A	B8CKK03	67.75	3,201	216,867.75
0.19	TT	TRANE TECHNOLOGIES PLC	BK9ZQ96	399.59	540	215,778.60
0.19	MU	MICRON TECHNOLOGY INC	2588184	80.72	2,668	215,360.96
0.19	MCK	MCKESSON CORP	2378534	708.41	304	215,356.64
0.18	MSTR	MICROSTRATEGY INC-CL A	2974329	394.37	542	213,748.54
0.18	INTC	INTEL CORP	2463247	20.62	10,346	213,334.52
0.18	CVS	CVS HEALTH CORP	2577609	67.46	3,025	204,066.50
0.17	CDNS	CADENCE DESIGN SYS INC	2302232	308.15	658	202,762.70
0.17	EQIX	EQUINIX INC	BVLZX12	875.85	230	201,445.50
0.17	SHW	SHERWIN-WILLIAMS CO/THE	2804211	359.64	559	201,038.76
0.17	AJG	ARTHUR J GALLAGHER & CO	2359506	331.08	595	196,992.60
0.17	ORLY	O'REILLY AUTOMOTIVE INC	B65LWX6	1,406.36	138	194,077.68
0.16	TDG	TRANSDIGM GROUP INC	B11FJK3	1,450.28	132	191,436.96
0.16	PH	PARKER HANNIFIN CORP	2671501	619.02	308	190,658.16
0.16	KKR	KKR & CO INC	BG1FRR1	116.93	1,618	189,192.74
0.16	CEG	CONSTELLATION ENERGY	BMH4FS1	247.26	756	186,928.56
0.16	MMM	3M CO	2595708	142.08	1,312	186,408.96
0.15	CL	COLGATE-PALMOLIVE CO	2209106	90.48	1,973	178,517.04
0.15	WMB	WILLIAMS COS INC	2967181	60.00	2,945	176,700.00
0.15	MCO	MOODY'S CORP	2252058	464.75	379	176,140.25
0.15	SNPS	SYNOPSYS INC	2867719	472.28	372	175,688.16
0.15	CTAS	CINTAS CORP	2197137	211.55	829	175,374.95
0.15	NOC	NORTHROP GRUMMAN CORP	2648806	491.42	351	172,488.42
0.15	ZTS	ZOETIS INC	B95WG16	157.44	1,093	172,081.92
0.15	ITW	ILLINOIS TOOL WORKS	2457552	242.32	710	172,047.20
0.15	COF	CAPITAL ONE FINA	2654461	187.83	912	171,300.96
0.15	UPS	UNITED PARCEL-B	2517382	96.40	1,771	170,724.40
0.15	CMG	CHIPOTLE MEXICAN	B0X7DZ3	51.56	3,280	169,116.80
0.15	APP	APPLOVIN CORP-CLASS A	BMV3LG4	307.58	549	168,861.42
0.14	AON	AON PLC-CLASS A	BLP1HW5	357.00	472	168,501.64
0.14	NKE	NIKE INC -CL B	2640147	58.59	2,830	165,809.70
0.14	PYPL	PAYPAL HOLDINGS INC	BYW36M8	67.24	2,436	163,796.64
0.14	MSI	MOTOROLA SOLUTIONS INC	B5BKPQ4	406.42	403	163,787.26
0.14	DASH	DOORDASH INC - A	BN13P03	205.09	797	163,456.73
0.14	CRH	CRH PLC	B01ZKD6	98.51	1,655	163,034.05
0.14	PNC	PNC FINANCIAL SE	2692665	165.54	964	159,580.56
0.14	FTNT	FORTINET INC	B5B2106	106.18	1,500	159,270.00
0.13	ECL	ECOLAB INC	2304227	255.38	613	156,547.94
0.13	REGN	REGENERON PHARMACEUTICALS	2730190	605.61	252	152,613.72
0.13	USB	US BANCORP	2736035	41.47	3,680	152,609.60
0.13	HCA	HCA HEALTHCARE INC	B4MGBG6	347.97	438	152,410.86
0.13	HWM	HOWMET AEROSPACE INC	BKLJ8V2	154.07	986	151,913.02
0.13	EOG	EOG RESOURCES INC	2318024	110.86	1,368	151,656.48
0.13	GD	GENERAL DYNAMICS CORP	2365161	273.03	551	150,439.53
0.13	EMR	EMERSON ELECTRIC CO	2313405	108.32	1,388	150,348.16
0.13	AZO	AUTOZONE INC	2065955	3,756.33	40	150,253.20
0.13	APD	AIR PRODS & CHEM	2011602	279.43	536	149,776.29
0.13	CARR	CARRIER GLOBAL CORP	BK4N0D7	71.76	2,069	148,461.10
0.13	TRV	TRAVELERS COS INC/THE	2769503	267.41	553	147,877.73
0.13	ROP	ROPER TECHNOLOGIES INC	2749602	566.04	260	147,170.40
0.13	ADSK	AUTODESK INC	2065159	279.99	525	146,994.75
0.13	BK	BANK NY MELLON	B1Z77F6	82.14	1,781	146,291.34
0.12		CASH		1.00	144,544	144,543.90
0.12	JCI	JOHNSON CONTROLS	BY7QL61	88.92	1,618	143,872.56
0.12	MAR	MARRIOTT INTL-A	2210614	249.47	576	143,694.72
0.12	NEM	NEWMONT CORP	2636607	51.53	2,779	143,201.87
0.12	HLT	HILTON WORLDWIDE	BYVMW06	240.90	589	141,890.10
0.12	AEP	AMERICAN ELECTRIC POWER	2026242	107.69	1,305	140,535.45
0.12	RCL	ROYAL CARIBBEAN	2754907	229.95	611	140,499.45
0.12	CSX	CSX CORP	2160753	28.70	4,735	135,894.50
0.12	DLR	DIGITAL REALTY TRUST INC	B03GQS4	164.55	816	134,272.80
0.12	APO	APOLLO GLOBAL MA	BN44JF6	135.37	991	134,151.67
0.11	MRVL	MARVELL TECHNOLOGY INC	BNKJSM5	62.33	2,131	132,825.23
0.11	FCX	FREEPORT-MCMORAN INC	2352118	37.60	3,522	132,427.20
0.11	WDAY	WORKDAY INC-CLASS A	B8K6ZD1	248.68	523	130,059.64
0.11	KMI	KINDER MORGAN INC	B3NQ4P8	27.12	4,793	129,998.14
0.11	AFL	AFLAC INC	2026361	105.53	1,231	129,907.43
0.11	ALL	ALLSTATE CORP	2019952	199.30	650	129,545.00
0.11	SNOW	SNOWFLAKE INC-CLASS A	BN134B7	167.66	771	129,265.86
0.11	TFC	TRUIST FINANCIAL CORP	BKP7287	39.47	3,273	129,185.31
0.11	CPRT	COPART INC	2208073	61.22	2,110	129,174.20
0.11	ABNB	AIRBNB INC-CLASS A	BMGYYH4	125.26	1,029	128,892.54
0.11	SPG	SIMON PROPERTY GROUP INC	2812452	161.77	796	128,768.92
0.11	LNG	CHENIERE ENERGY INC	2654364	235.79	545	128,505.55
0.11	AIG	AMERICAN INTERNA	2027342	83.66	1,530	127,999.80
0.11	RSG	REPUBLIC SERVICES INC	2262530	250.52	504	126,262.08
0.11	NSC	NORFOLK SOUTHERN CORP	2641894	225.71	557	125,720.47
0.11	COR	CENCORA INC	2795393	292.12	427	124,735.24
0.11	O	REALTY INCOME CORP	2724193	57.23	2,163	123,785.25
0.11	GM	GENERAL MOTORS CO	B665KZ5	45.30	2,705	122,536.50
0.11	FDX	FEDEX CORP	2142784	219.72	556	122,164.32
0.10	SLB	SCHLUMBERGER LTD	2779201	34.73	3,495	121,381.35
0.10	PAYX	PAYCHEX INC	2674458	149.81	798	119,548.38
0.10	BDX	BECTON DICKINSON AND CO	2087807	168.78	708	119,496.24
0.10	OKE	ONEOK INC	2130109	82.78	1,440	119,203.20
0.10	FICO	FAIR ISAAC CORP	2330299	2,048.17	58	118,793.86
0.10	KR	KROGER CO	2497406	72.02	1,649	118,760.98
0.10	SRE	SEMPRA	2138158	75.47	1,571	118,563.37
0.10	DFS	DISCOVER FINANCI	B1YLC43	190.31	621	118,182.51
0.10	PSA	PUBLIC STORAGE	2852533	300.15	391	117,358.65
0.10	PWR	QUANTA SERVICES INC	2150204	321.14	364	116,894.96
0.10	FAST	FASTENAL CO	2332262	82.12	1,422	116,774.64
0.10	VST	Vistra Corp.	BZ8VJQ8	139.28	838	116,716.64
0.10	GWW	WW GRAINGER INC	2380863	1,068.00	109	116,412.00
0.10	AMP	AMERIPRISE FINANCIAL INC	B0J7D57	484.48	240	116,275.20
0.10	EXC	EXELON CORP	2670519	46.48	2,493	115,874.64
0.10	CCI	CROWN CASTLE INC	BTGQCX1	106.87	1,081	115,526.47
0.10	PCAR	PACCAR INC	2665861	89.90	1,283	115,341.70
0.10	D	DOMINION ENERGY INC	2542049	55.00	2,092	115,060.00
0.10	KVUE	KENVUE INC	BQ84ZQ6	23.98	4,782	114,672.36
0.10	MPC	MARATHON PETROLEUM CORP	B3K3L40	141.55	801	113,381.55
0.10	ROST	ROSS STORES INC	2746711	140.49	806	113,234.94
0.10	MET	METLIFE INC	2573209	77.81	1,446	112,513.26
0.10	TEL	TE CONNECTIVITY PLC	BRC3N84	149.93	746	111,847.78
0.10	AXON	AXON ENTERPRISE INC	BDT5S35	628.16	178	111,812.48
0.10	TGT	TARGET CORP	2259101	97.37	1,140	111,001.80
0.10	FLUT	FLUTTER ENTER-DI	BWZMZF4	248.68	445	110,662.60
0.10	PSX	PHILLIPS 66	B78C4Y8	107.15	1,029	110,257.35
0.09	EW	EDWARDS LIFESCIENCES CORP	2567116	75.65	1,448	109,541.20
0.09	URI	UNITED RENTALS INC	2134781	665.40	163	108,460.20
0.09	KMB	KIMBERLY-CLARK CORP	2491839	130.35	829	108,060.15
0.09	CTVA	CORTEVA INC	BK73B42	62.63	1,719	107,660.97
0.09	FIS	FIDELITY NATIONA	2769796	78.86	1,347	106,224.42
0.09	XEL	XCEL ENERGY INC	2614807	70.77	1,493	105,659.61
0.09	MSCI	MSCI INC	B2972D2	555.82	190	105,605.80
0.09	YUM	YUM! BRANDS INC	2098876	149.14	699	104,248.86
0.09	MNST	MONSTER BEVERAGE CORP	BZ07BW4	60.05	1,736	104,246.80
0.09	LHX	L3HARRIS TECHNOLOGIES INC	BK9DTN5	219.75	473	103,941.75
0.09	COIN	COINBASE GLOBA-A	BMC9P69	204.93	507	103,899.51
0.09	VRSK	VERISK ANALYTICS INC	B4P9W92	293.90	352	103,452.80
0.09	CMI	CUMMINS INC	2240202	299.85	343	102,848.55
0.09	F	FORD MOTOR CO	2615468	10.28	9,829	101,042.12
0.09	PEG	PUB SERV ENTERP	2707677	79.48	1,251	99,429.48
0.09	AME	AMETEK INC	2089212	170.07	582	98,980.74
0.08	OTIS	OTIS WORLDWIDE CORP	BK531S8	97.32	1,010	98,293.20
0.08	KDP	KEURIG DR PEPPER INC	BD3W133	34.41	2,847	97,965.27
0.08	CTSH	COGNIZANT TECH-A	2257019	77.70	1,258	97,746.60
0.08	CBRE	CBRE GROUP INC - A	B6WVMH3	126.57	771	97,585.47
0.08	IDXX	IDEXX LABORATORIES INC	2459202	471.90	206	97,211.40
0.08	RBLX	ROBLOX CORP -CLASS A	BMWBC20	74.09	1,300	96,317.00
0.08	ED	CONSOLIDATED EDISON INC	2216850	110.03	874	96,166.22
0.08	VLO	VALERO ENERGY CORP	2041364	118.93	800	95,144.00
0.08	NET	CLOUDFLARE INC - CLASS A	BJXC5M2	124.23	763	94,787.49
0.08	PCG	P G & E CORP	2689560	16.93	5,537	93,741.41
0.08	PRU	PRUDENTIAL FINANCIAL INC	2819118	103.62	901	93,361.62
0.08	BKR	BAKER HUGHES CO	BDHLTQ5	37.10	2,512	93,195.20
0.08	HES	HESS CORP	2023748	132.31	703	93,013.93
0.08	CAH	CARDINAL HEALTH INC	2175672	149.53	618	92,409.54
0.08	ETR	ENTERGY CORP	2317087	85.07	1,086	92,386.02
0.08	HIG	HARTFORD INSURANCE GROUP	2476193	125.66	735	92,360.10
0.08	DHI	DR HORTON INC	2250687	127.71	720	91,951.20
0.08	CHTR	CHARTER COMMUN-A	BZ6VT82	385.00	238	91,630.00
0.08	EA	ELECTRONIC ARTS INC	2310194	151.10	604	91,264.40
0.08	TTWO	TAKE-TWO INTERAC	2122117	219.50	414	90,873.00
0.08	GLW	CORNING INC	2224701	45.76	1,975	90,376.00
0.08	VMC	VULCAN MATERIALS CO	2931205	267.05	337	89,995.85
0.08	VEEV	VEEVA SYSTEMS INC-CLASS A	BFH3N85	236.49	378	89,393.22
0.08	RMD	RESMED INC	2732903	239.95	369	88,541.55
0.08	SYY	SYSCO CORP	2868165	70.75	1,251	88,508.25
0.08	TRGP	TARGA RESOURCES CORP	B55PZY3	162.87	542	88,275.54
0.08	WEC	WEC ENERGY GROUP INC	BYY8XK8	108.62	806	87,547.72
0.07	ACGL	ARCH CAPITAL GROUP LTD	2740542	92.48	922	85,266.56
0.07	VICI	VICI PROPERTIES INC	BYWH073	31.69	2,688	85,182.72
0.07	ALNY	ALNYLAM PHARMACE	B00FWN1	259.39	328	85,079.92
0.07	TEAM	ATLASSIAN CORP-CL A	BQ1PC76	208.48	408	85,059.84
0.07	EBAY	EBAY INC	2293819	68.60	1,227	84,172.20
0.07	WAB	WABTEC CORP	2955733	191.39	438	83,828.82
0.07	MLM	MARTIN MARIETTA MATERIALS	2572079	535.80	156	83,584.80
0.07	FERG	FERGUSON ENTERPRISES INC	BS6VHW3	172.26	485	83,546.10
0.07	EFX	EQUIFAX INC	2319146	264.33	316	83,528.28
0.07	GEHC	GE HEALTHCARE TECHNOLOGY	BL6JPG8	70.53	1,175	82,872.75
0.07	NDAQ	NASDAQ INC	2965107	78.18	1,060	82,870.80
0.07	DDOG	DATADOG INC - CLASS A	BKT9Y49	105.00	783	82,215.00
0.07	IT	GARTNER INC	2372763	427.49	192	82,078.08
0.07	EXR	EXTRA SPACE STORAGE INC	B02HWR9	149.56	542	81,061.52
0.07	CSGP	COSTAR GROUP INC	2262864	77.96	1,039	81,000.44
0.07	WTW	WILLIS TOWERS WATSON PLC	BDB6Q21	312.07	259	80,826.13
0.07	HUBS	HUBSPOT INC	BR4T3B3	635.81	127	80,747.87
0.07	A	AGILENT TECHNOLOGIES INC	2520153	108.63	735	79,843.05
0.07	IR	INGERSOLL-RAND INC	BL5GZ82	76.73	1,038	79,645.74
0.07	HUM	HUMANA INC	2445063	258.48	308	79,611.84
0.07	GIS	GENERAL MILLS INC	2367026	55.43	1,428	79,154.04
0.07	TPL	TEXAS PACIFIC LAND CORP	BM99VY2	1,346.39	58	78,090.62
0.07	MPWR	MONOLITHIC POWER	B01Z7J1	636.89	122	77,700.58
0.07	AVB	AVALONBAY COMMUNITIES INC	2131179	212.20	366	77,665.20
0.07	VRT	VERTIV HOLDINGS CO-A	BL3LWS8	95.00	811	77,045.00
0.07	LULU	LULULEMON ATHLETICA INC	B23FN39	277.36	275	76,274.00
0.07	STZ	CONSTELLATION-A	2170473	187.99	403	75,759.97
0.07	DXCM	DEXCOM INC	B0796X4	81.62	927	75,661.74
0.06	ROK	ROCKWELL AUTOMATION INC	2754060	253.65	293	74,319.45
0.06	CNC	CENTENE CORP	2807061	60.16	1,194	71,831.04
0.06	XYL	XYLEM INC	B3P2CN8	124.25	575	71,443.75
0.06	OXY	OCCIDENTAL PETROLEUM CORP	2655408	40.61	1,749	71,026.89
0.06	CVNA	CARVANA CO	BYQHPG3	257.10	276	70,959.60
0.06	ODFL	OLD DOMINION FREIGHT LINE	2656423	158.01	446	70,472.46
0.06	EQT	EQT CORP	2319414	51.85	1,357	70,360.45
0.06	GRMN	GARMIN LTD	B3Z5T14	191.78	364	69,807.92
0.06	DELL	DELL TECHNOLOGIES -C	BHKD3S6	94.59	734	69,429.06
0.06	ARES	ARES MANAGEMENT CORP - A	BF14BT1	157.07	441	69,267.87
0.06	NUE	NUCOR CORP	2651086	123.54	558	68,933.51
0.06	MTB	M & T BANK CORP	2340168	175.31	393	68,896.83
0.06	AWK	AMERICAN WATER W	B2R3PV1	147.11	463	68,111.93
0.06	ANSS	ANSYS INC	2045623	328.76	207	68,053.32
0.06	DAL	DELTA AIR LINES INC	B1W9D46	44.20	1,531	67,670.20
0.06	DTE	DTE ENERGY COMPANY	2280220	136.36	490	66,816.40
0.06	XYZ	BLOCK INC	BYNZGK1	46.53	1,428	66,444.84
0.06	IRM	IRON MOUNTAIN INC	BVFTF03	95.76	692	66,265.92
0.06	VTR	VENTAS INC	2927925	66.56	995	66,227.20
0.06	IQV	IQVIA HOLDINGS INC	BDR73G1	153.48	421	64,615.08
0.06	TSCO	TRACTOR SUPPLY COMPANY	2900335	50.84	1,268	64,465.12
0.06	BR	BROADRIDGE FINL	B1VP7R6	232.91	276	64,283.16
0.05	PPL	PPL CORP	2680905	36.17	1,757	63,550.69
0.05	CPNG	COUPANG INC	BNYHDF3	24.10	2,630	63,383.00
0.05	BRO	BROWN & BROWN INC	2692687	110.57	571	63,135.47
0.05	STT	STATE STREET CORP	2842040	90.53	695	62,918.35
0.05	AEE	AMEREN CORPORATION	2050832	99.48	632	62,871.36
0.05	RJF	RAYMOND JAMES	2718992	141.76	438	62,090.88
0.05	MKL	MARKEL GROUP INC	2566436	1,876.98	33	61,940.34
0.05	LEN	LENNAR CORP-A	2511920	110.20	559	61,601.80
0.05	FANG	DIAMONDBACK ENERGY INC	B7Y8YR3	136.81	448	61,290.88
0.05	KEYS	KEYSIGHT TECHNOLOGIES IN	BQZJ0Q9	148.52	411	61,041.72
0.05	SBAC	SBA COMMUNICATIONS CORP	BZ6TS23	241.96	252	60,973.92
0.05	PPG	PPG INDUSTRIES INC	2698470	110.49	551	60,879.99
0.05	DD	DUPONT DE NEMOURS INC	BK0VN47	67.25	900	60,525.00
0.05	MTD	METTLER-TOLEDO	2126249	1,100.01	55	60,500.55
0.05	CNP	CENTERPOINT ENERGY INC	2440637	38.99	1,549	60,395.51
0.05	MCHP	MICROCHIP TECHNOLOGY INC	2592174	47.91	1,250	59,887.50
0.05	ATO	ATMOS ENERGY CORP	2315359	161.50	369	59,593.50
0.05	LPLA	LPL FINANCIAL HO	B75JX34	333.56	177	59,040.12
0.05	FITB	FIFTH THIRD BANCORP	2336747	37.10	1,590	58,989.00
0.05	HOOD	ROBINHOOD MARKETS INC - A	BP0TQN6	48.59	1,203	58,453.77
0.05	EQR	EQUITY RESIDENTIAL	2319157	71.72	813	58,308.36
0.05	HPQ	HP INC	BYX4D52	25.95	2,226	57,764.70
0.05	UAL	UNITED AIRLINES	B4QG225	74.07	778	57,626.46
0.05	TTD	TRADE DESK INC-A	BD8FDD1	54.09	1,060	57,335.40
0.05	HSY	HERSHEY CO/THE	2422806	163.35	350	57,172.50
0.05	DRI	DARDEN RESTAURANTS INC	2289874	203.89	278	56,681.42
0.05	DOV	DOVER CORP	2278407	173.87	325	56,507.75
0.05	GDDY	GODADDY INC - CLASS A	BWFRFC6	176.27	319	56,230.13
0.05	FE	FIRSTENERGY CORP	2100920	43.09	1,300	56,017.00
0.05	VRSN	VERISIGN INC	2142922	284.09	197	55,965.73
0.05	CBOE	CBOE GLOBAL MARKETS INC	B5834C5	226.39	247	55,918.33
0.05	FTV	FORTIVE CORP	BYT3MK1	67.55	824	55,661.20
0.05	TYL	TYLER TECHNOLOGIES INC	2909644	550.00	101	55,550.00
0.05	ADM	ARCHER-DANIELS-MIDLAND CO	2047317	47.85	1,129	54,022.65
0.05	CHD	CHURCH & DWIGHT CO INC	2195841	92.94	581	53,998.14
0.05	CPAY	CORPAY INC	BMX5GK7	330.33	161	53,183.13
0.05	EXE	EXPAND ENERGY CORP	BMZ5LZ5	105.88	502	53,151.76
0.05	KHC	KRAFT HEINZ CO/THE	BYRY499	28.64	1,845	52,840.80
0.05	CDW	CDW CORP/DE	BBM5MD6	166.83	316	52,718.28
0.05	TDY	TELEDYNE TECHNOLOGIES INC	2503477	478.83	110	52,671.30
0.05	STE	STERIS PLC	BFY8C75	224.81	234	52,605.54
0.05	CINF	CINCINNATI FINANCIAL CORP	2196888	143.58	365	52,406.70
0.04	WRB	WR BERKLEY CORP	2093644	72.61	714	51,843.54
0.04	HPE	HEWLETT PACKA	BYVYWS0	16.86	3,074	51,827.64
0.04	HBAN	HUNTINGTON BANCSHARES INC	2445966	15.08	3,434	51,784.72
0.04	CMS	CMS ENERGY CORP	2219224	72.91	706	51,474.46
0.04	K	KELLANOVA	2486813	82.88	619	51,302.72
0.04	ES	EVERSOURCE ENERGY	BVVN4Q8	58.83	870	51,182.10
0.04	ZS	ZSCALER INC	BZ00V34	230.47	222	51,164.34
0.04	DOW	DOW INC	BHXCF84	30.42	1,662	50,558.04
0.04	EIX	EDISON INTERNATIONAL	2829515	54.88	920	50,489.60
0.04	PHM	PULTEGROUP INC	2708841	104.46	482	50,349.72
0.04	VLTO	VERALTO CORP	BPGMZQ5	95.53	524	50,057.72
0.04	SYF	SYNCHRONY FINANCIAL	BP96PS6	54.18	923	50,008.14
0.04	SW	SMURFIT WESTROCK PLC	BRK49M5	41.28	1,210	49,948.80
0.04	NVR	NVR INC	2637785	7,124.00	7	49,868.00
0.04	WAT	WATERS CORP	2937689	350.45	140	49,063.00
0.04	LH	LABCORP HOLDINGS INC	BSBK800	247.66	198	49,036.68
0.04	DVN	DEVON ENERGY CORP	2480677	31.44	1,549	48,700.56
0.04	ZM	ZOOM COMMUNICATIONS INC	BGSP7M9	78.23	621	48,580.83
0.04	ZBH	ZIMMER BIOMET HO	2783815	102.38	472	48,323.36
0.04	INVH	INVITATION HOMES INC	BD81GW9	35.47	1,359	48,203.73
0.04	IFF	INTL FLAVORS & FRAGRANCES	2464165	79.06	606	47,910.36
0.04	CCL	CARNIVAL CORP	2523044	19.57	2,447	47,887.79
0.04	TROW	T ROWE PRICE GROUP INC	2702337	91.65	518	47,474.70
0.04	GPN	GLOBAL PAYMENTS INC	2712013	78.85	600	47,310.00
0.04	NTRA	NATERA INC	BYQRG48	156.66	300	46,998.00
0.04	EXPE	EXPEDIA GROUP INC	B748CK2	161.79	290	46,919.10
0.04	LDOS	LEIDOS HOLDINGS INC	BDV82B8	148.79	315	46,868.85
0.04	DG	DOLLAR GENERAL CORP	B5B1S13	90.30	519	46,865.70
0.04	DGX	QUEST DIAGNOSTICS INC	2702791	177.95	263	46,800.85
0.04	EME	EMCOR GROUP INC	2474164	430.19	108	46,460.52
0.04	LYV	LIVE NATION ENTE	B0T7YX2	133.77	347	46,418.19
0.04	MAA	MID-AMERICA APAR	2589132	167.77	276	46,304.52
0.04	STLD	STEEL DYNAMICS INC	2849472	134.94	339	45,744.66
0.04	NTRS	NORTHERN TRUST CORP	2648668	97.52	469	45,736.88
0.04	WBD	WARNER BROS DISCOVERY INC	BM8JYX3	8.54	5,335	45,560.90
0.04	MKC	MCCORMICK-N/V	2550161	76.02	598	45,459.96
0.04	RF	REGIONS FINANCIAL CORP	B01R311	21.05	2,153	45,320.65
0.04	HUBB	HUBBELL INC	BDFG6S3	355.91	127	45,200.57
0.04	PTC	PTC INC	B95N910	160.09	282	45,145.38
0.04	WSM	WILLIAMS-SONOMA INC	2967589	160.56	281	45,117.36
0.04	WY	WEYERHAEUSER CO	2958936	26.16	1,721	45,021.36
0.04	IBKR	INTERACTIVE BROK	B1WT4X2	181.55	245	44,479.75
0.04	NTAP	NETAPP INC	2630643	92.33	481	44,410.73
0.04	CTRA	COTERRA ENERGY INC	2162340	25.67	1,723	44,229.41
0.04	ESS	ESSEX PROPERTY TRUST INC	2316619	292.82	151	44,215.82
0.04	FCNCA	FIRST CITIZENS-A	2355582	1,831.32	24	43,951.68
0.04	OKTA	OKTA INC	BDFZSP1	112.90	386	43,579.40
0.04	STX	SEAGATE TECHNOLO	BKVD2N4	93.07	467	43,463.69
0.04	HAL	HALLIBURTON CO	2405302	20.60	2,077	42,786.20
0.04	ULTA	ULTA BEAUTY INC	B28TS42	395.81	108	42,747.48
0.04	MOH	MOLINA HEALTHCARE INC	2212706	318.04	134	42,617.36
0.04	BIIB	BIOGEN INC	2455965	123.53	343	42,370.79
0.04	LUV	SOUTHWEST AIRLINES CO	2831543	29.85	1,415	42,237.75
0.04	LII	LENNOX INTERNATIONAL INC	2442053	562.66	75	42,199.50
0.04	ON	ON SEMICONDUCTOR	2583576	41.91	1,006	42,161.46
0.04	DECK	DECKERS OUTDOOR CORP	2267278	116.94	358	41,864.52
0.04	PFG	PRINCIPAL FINANCIAL GROUP	2803014	76.83	541	41,565.03
0.04	CSL	CARLISLE COS INC	2176318	386.23	107	41,326.61
0.04	CLX	CLOROX COMPANY	2204026	139.08	293	40,750.44
0.04	CFG	CITIZENS FINANCIAL GROUP	BQRX1X3	39.07	1,039	40,593.73
0.04	TSN	TYSON FOODS INC-CL A	2909730	60.79	667	40,546.93
0.03	DLTR	DOLLAR TREE INC	2272476	84.29	477	40,206.33
0.03	SMCI	SUPER MICRO COMPUTER INC	BRC3N73	33.71	1,185	39,946.35
0.03	ROL	ROLLINS INC	2747305	56.67	703	39,839.01
0.03	SSNC	SS&C TECHNOLOGIE	B58YSC6	77.70	512	39,782.40
0.03	SUI	SUN COMMUNITIES INC	2860257	132.25	299	39,542.75
0.03	PKG	PACKAGING CORP OF AMERICA	2504566	187.42	210	39,358.20
0.03	TRU	TRANSUNION	BYMWL86	85.00	461	39,185.00
0.03	FDS	FACTSET RESEARCH	2329770	434.56	90	39,110.40
0.03	TW	TRADEWEB MARKE-A	BJXMVK2	141.86	275	39,011.50
0.03	JBL	JABIL INC	2471789	150.36	259	38,943.24
0.03	GPC	GENUINE PARTS CO	2367480	120.29	322	38,733.38
0.03	WSO	WATSCO INC	2943039	472.09	82	38,711.38
0.03	COO	COOPER COS INC/THE	BQPDXR3	82.30	470	38,681.00
0.03	DKNG	DRAFTKINGS INC-CL A	BLDDH12	34.25	1,111	38,051.75
0.03	PINS	PINTEREST INC- CLASS A	BJ2Z0H2	26.87	1,400	37,618.00
0.03	L	LOEWS CORP	2523022	88.11	426	37,534.86
0.03	HEI/A	HEICO CORP-CLASS A	2237561	209.45	179	37,491.55
0.03	RS	RELIANCE INC	2729068	297.22	126	37,449.72
0.03	LNT	ALLIANT ENERGY CORP	2973821	61.68	606	37,376.57
0.03	TRMB	TRIMBLE INC	2903958	64.59	576	37,203.84
0.03	EVRG	EVERGY INC	BFMXGR0	69.25	537	37,187.25
0.03	EXPD	EXPEDITORS INTL WASH INC	2325507	112.59	329	37,042.11
0.03	BAX	BAXTER INTERNATIONAL INC	2085102	30.71	1,205	37,005.55
0.03	J	JACOBS SOLUTIONS INC	BNGC0D3	126.68	291	36,863.88
0.03	WDC	WESTERN DIGITAL CORP	2954699	44.69	811	36,243.59
0.03	BALL	BALL CORP	2073022	51.66	701	36,213.66
0.03	WST	WEST PHARMACEUT	2950482	211.50	171	36,166.50
0.03	BAH	BOOZ ALLEN HAMIL	B5367T7	119.81	297	35,583.57
0.03	OMC	OMNICOM GROUP	2279303	77.07	457	35,220.99
0.03	LYB	LYONDELLBASELL INDU-CL A	B3SPXZ3	58.38	602	35,144.76
0.03	PSTG	PURE STORAGE-A	BYZ62T3	47.84	728	34,827.52
0.03	TOST	TOAST INC-CLASS A	BP6D7B7	36.01	965	34,749.65
0.03	CF	CF INDUSTRIES HO	B0G4K50	80.60	410	33,046.00
0.03	APTV	APTIV PLC	BTDN8H1	58.97	553	32,610.41
0.03	IEX	IDEX CORP	2456612	181.45	179	32,479.55
0.03	AVY	AVERY DENNISON CORP	2066408	171.42	189	32,398.38
0.03	AMCR	AMCOR PLC	BJ1F307	9.32	3,406	31,743.92
0.03	FSLR	FIRST SOLAR INC	B1HMF22	130.54	240	31,329.60
0.03	ZBRA	ZEBRA TECH CORP	2989356	255.95	121	30,969.95
0.03	LVS	LAS VEGAS SANDS CORP	B02T2J7	38.07	811	30,874.77
0.03	BBY	BEST BUY CO INC	2094670	68.07	450	30,631.50
0.03	BLDR	BUILDERS FIRSTSOURCE INC	B0BV2M7	114.13	267	30,472.71
0.03	EL	ESTEE LAUDER	2320524	59.39	509	30,229.51
0.03	ALGN	ALIGN TECHNOLOGY INC	2679204	179.82	165	29,670.30
0.03	ENTG	ENTEGRIS INC	2599700	83.51	355	29,646.05
0.03	DOC	HEALTHPEAK PROPERTIES INC	BJBLRK3	17.81	1,645	29,297.45
0.03	MDB	MONGODB INC	BF2FJ99	171.64	170	29,178.80
0.03	TER	TERADYNE INC	2884183	75.88	384	29,137.92
0.03	ILMN	ILLUMINA INC	2613990	77.88	374	29,127.12
0.03	RPRX	ROYALTY PHARMA PLC- CL A	BMVP7Y0	32.89	878	28,877.42
0.03	HOLX	HOLOGIC INC	2433530	54.16	532	28,813.12
0.03	AKAM	AKAMAI TECHNOLOGIES INC	2507457	82.54	348	28,723.92
0.02	TKO	TKO GROUP HOLDINGS INC	BQBBFD1	166.43	168	27,960.24
0.02	ARE	ALEXANDRIA REAL	2009210	74.47	371	27,628.37
0.02	BMRN	BIOMARIN PHARMAC	2437071	62.03	444	27,541.32
0.02	RDDT	REDDIT INC-CL A	BMVNLY2	113.83	237	26,977.71
0.02	RVTY	REVVITY INC	2305844	93.99	286	26,881.14
0.02	EG	EVEREST GROUP LTD	2556868	348.39	77	26,826.03
0.02	CAG	CONAGRA BRANDS INC	2215460	23.86	1,120	26,723.20
0.02	BG	BUNGE GLOBAL SA	BQ6BPG9	79.21	327	25,901.67
0.02	FOXA	FOX CORP - CLASS A	BJJMGL2	49.47	516	25,526.52
0.02	HEI	HEICO CORP	2419217	262.36	97	25,448.92
0.02	JBHT	HUNT (JB) TRANS	2445416	133.57	188	25,111.16
0.02	IOT	SAMSARA INC-CL A	BPK3058	41.39	603	24,958.17
0.02	SWKS	SKYWORKS SOLUTIONS INC	2961053	66.06	375	24,772.50
0.02	OWL	BLUE OWL CAPITAL INC	BN7CQS9	18.40	1,326	24,398.40
0.02	BF/B	BROWN-FORMAN CORP-CLASS B	2146838	34.50	702	24,219.00
0.02	VTRS	VIATRIS INC	BMWS3X9	8.65	2,799	24,211.35
0.02	INCY	INCYTE CORP	2471950	62.53	380	23,761.40
0.02	DOX	AMDOCS LTD	2256908	89.39	260	23,241.40
0.02	BXP	BXP INC	2019479	65.05	341	22,182.05
0.02	SWK	STANLEY BLACK &	B3Q2FJ4	61.39	358	21,977.62
0.02	MRNA	MODERNA INC	BGSXTS3	27.61	785	21,673.85
0.02	ERIE	ERIE INDEMNITY-A	2311711	364.31	59	21,494.29
0.02	SNAP	SNAP INC - A	BD8DJ71	8.45	2,476	20,922.20
0.02	HRL	HORMEL FOODS CORP	2437264	29.31	681	19,960.11
0.02	AVTR	AVANTOR INC	BJLT387	12.87	1,538	19,794.06
0.02	SCCO	SOUTHERN COPPER CORP	2823777	90.83	208	18,896.87
0.02	ALAB	ASTERA LABS INC	BMTQ7V2	71.27	257	18,316.39
0.01	BSY	BENTLEY SYSTEM-B	BMC1PR6	43.66	376	16,416.16
0.01	FOX	FOX CORP - CLASS B	BJJMGY5	46.17	300	13,851.00
0.01	TPG	TPG INC	BNKBB55	47.54	203	9,650.62
0.01	WMG	WARNER MUSIC-A	BLGJ610	30.26	303	9,168.78
0.01	SNDK	SANDISK CORP	BSNPZV3	34.40	260	8,944.00
0.01	MRP	MILLROSE PROPERTIES	BRCFZ51	25.84	272	7,028.48
0.01	GFS	GLOBALFOUNDRIES INC	BMW7F63	36.40	172	6,260.80
0.01	WLK	Westlake Corporation	B01ZP20	79.85	74	5,908.90
0.00	RKT	ROCKET COS INC-CLASS A	BMD6Y84	12.62	289	3,647.18
0.00	BF/A	BROWN-FORMAN CORP-CLASS A	2146816	34.32	104	3,569.28
0.00	UI	UBIQUITI INC	BK9Z6V8	342.78	9	3,085.02
0.00	LEN/B	LENNAR CORP - B SHS	2578293	104.44	13	1,357.72
-0.03		OTHER PAYABLE & RECEIVABLES		1.00	-39,522	-39,522.13

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

ETF Documents

Latest Premium / Discount As of 05/05/25

NAV	$31.26
Market Price	$31.26
Premium / (Discount)	$0.00

Current View 2025 Q2 As of 05/05/25

Days at Premium	10
Days at NAV	0
Days at Discount	14
Greatest Premium	0.27%
Greatest Discount	-0.23%

Daily Premium / Discount History As of 05/05/25

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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 3/31, ONOF was rated against the following numbers of Tactical Allocation funds over the following time periods: 237 during the last 3 years. With respect to these Tactical Allocation funds, ONOF received a Morningstar Rating of 5 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.

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.