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Name

As of 11/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Global X Adaptive U.S. Factor ETF

AUSF | ETF

$43.38

$246 M

2.63%

$1.14

0.27%

Vitals

YTD Return

19.5%

1 yr return

30.4%

3 Yr Avg Return

14.5%

5 Yr Avg Return

14.1%

Net Assets

$246 M

Holdings in Top 10

16.9%

52 WEEK LOW AND HIGH

$43.7
$34.02
$44.41

Expenses

OPERATING FEES

Expense Ratio 0.27%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 96.21%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Global X Adaptive U.S. Factor ETF

AUSF | ETF

$43.38

$246 M

2.63%

$1.14

0.27%

AUSF - Profile

Distributions

  • YTD Total Return 19.5%
  • 3 Yr Annualized Total Return 14.5%
  • 5 Yr Annualized Total Return 14.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.09%
DIVIDENDS
  • Dividend Yield 2.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Global X Adaptive U.S. Factor ETF
  • Fund Family Name
    Global X Funds
  • Inception Date
    Aug 24, 2018
  • Shares Outstanding
    5610365
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Nam To

Fund Description

The Fund invests at least 80% of its total assets in the securities of the Adaptive Wealth Strategies U.S. Factor Index ("Underlying Index"). The Fund's 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed.
The Underlying Index is owned and was developed by NorthCrest Asset Management (the "Index Provider"). The Index is calculated and maintained by Solactive AG (the "Calculation Agent"). The Underlying Index is designed to dynamically allocate across three sub-indices that provide exposure to U.S. equities that exhibit characteristics of one of three primary factors: value, momentum and low volatility. Each factor is represented by a sub-index that is derived from the Solactive U.S. Large & Mid Cap Index, which is designed to measure the 1,000 largest companies, by free float market capitalization, that are exchange-listed in the United States:
•Solactive U.S. Large & Mid Cap Value 100 Index TR – This index is designed to measure the performance of the 100 stocks in the Solactive U.S. Large & Mid Cap Index that exhibit the greatest exposure to the value factor.
•Solactive U.S. Large & Mid Cap Momentum 100 Index TR – This index is designed to measure the performance of the 100 stocks in the Solactive U.S. Large & Mid Cap Index that exhibit the highest degree of relative performance.
•Solactive U.S. Large & Mid Cap Minimum Downside Volatility 100 Index TR – This index is designed to measure the performance of the 100 stocks in the Solactive U.S. Large & Mid Cap Index that exhibit the lowest degree of downside volatility.
The Underlying Index is rebalanced quarterly. At each rebalance, the Underlying Index allocates weight to the three sub-indices based on the relative performance of each sub-index since the last rebalance of the Underlying Index. The Underlying Index is designed to always be fully allocated to at least two of the three sub-indices described above. The Fund's investment objective and Underlying Index may be changed without shareholder approval.
The Underlying Index is sponsored by the Index Provider, which is an organization that is independent of, and unaffiliated with, the Fund and Global X Management Company LLC, the investment adviser for the Fund ("Adviser"). As of January 31, 2024, the Underlying Index had 193 constituents.
The Adviser uses a "passive" or indexing approach to try to achieve the Fund's investment objective. Unlike many investment companies, the Fund does not try to outperform the Underlying Index and does not seek temporary defensive positions when markets decline or appear overvalued.
The Fund generally will use a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of the Underlying Index in approximately the same proportions as in the Underlying Index. However, the Fund may utilize a representative sampling strategy with respect to the Underlying Index when a replication strategy might be detrimental or disadvantageous to shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to replicate the Underlying Index, in instances in which a security in the Underlying Index becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to the Fund but not the Underlying Index.
The Adviser expects that, over time, the correlation between the Fund's performance and that of the Underlying Index, before fees and expenses, will exceed 95%. A correlation percentage of 100% would indicate perfect correlation. If the Fund uses a replication strategy, it can be expected to have greater correlation to the Underlying Index than if it uses a representative sampling strategy.
The Fund concentrates its investments (i.e., holds 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. As of January 31, 2024, the Underlying Index had significant exposure to the financials sector.
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AUSF - Performance

Return Ranking - Trailing

Period AUSF Return Category Return Low Category Return High Rank in Category (%)
YTD 19.5% 4.4% 30.7% 10.71%
1 Yr 30.4% 13.8% 44.0% 15.38%
3 Yr 14.5%* -2.1% 14.5% 0.84%
5 Yr 14.1%* 0.6% 17.5% 5.97%
10 Yr N/A* 1.6% 12.0% 66.79%

* Annualized

Return Ranking - Calendar

Period AUSF Return Category Return Low Category Return High Rank in Category (%)
2023 19.6% -11.3% 33.3% 6.06%
2022 -2.7% -41.6% 2.3% 2.79%
2021 24.4% -41.5% 44.9% 28.77%
2020 -2.0% -29.0% 22.1% 71.31%
2019 18.9% -8.1% 31.2% 73.61%

Total Return Ranking - Trailing

Period AUSF Return Category Return Low Category Return High Rank in Category (%)
YTD 19.5% 4.4% 30.7% 10.71%
1 Yr 30.4% 13.8% 44.0% 15.38%
3 Yr 14.5%* -2.1% 14.5% 0.84%
5 Yr 14.1%* 0.6% 17.5% 5.97%
10 Yr N/A* 1.6% 12.0% N/A

* Annualized

Total Return Ranking - Calendar

Period AUSF Return Category Return Low Category Return High Rank in Category (%)
2023 22.2% -1.7% 36.5% 5.51%
2022 -0.2% -35.0% 2.4% 4.18%
2021 27.5% 6.2% 48.3% 62.57%
2020 1.3% -22.9% 23.2% 59.94%
2019 24.1% -3.0% 35.7% 73.90%

AUSF - Holdings

Concentration Analysis

AUSF Category Low Category High AUSF % Rank
Net Assets 246 M 991 K 28 B 76.65%
Number of Holdings 191 8 2308 19.51%
Net Assets in Top 10 50.3 M 319 K 5.52 B 73.35%
Weighting of Top 10 16.90% 4.6% 100.2% 72.80%

Top 10 Holdings

  1. INTL BUSINESS MACHINES CORP COMMON STOCK 2.10%
  2. VERIZON COMMUNICATIONS INC COMMON STOCK 1.91%
  3. ATT INC COMMON STOCK 1.78%
  4. RTX CORPORATION COMMON STOCK 1.69%
  5. T-MOBILE US INC COMMON STOCK 1.62%
  6. LOCKHEED MARTIN CORP COMMON STOCK 1.60%
  7. BERKSHIRE HATHAWAY INC-CL B COMMON STOCK 1.58%
  8. WALMART INC COMMON STOCK 1.57%
  9. ARTHUR J GALLAGHER CO COMMON STOCK 1.53%
  10. JOHNSON JOHNSON COMMON STOCK 1.53%

Asset Allocation

Weighting Return Low Return High AUSF % Rank
Stocks 		99.84% 56.67% 103.53% 5.22%
Cash 		0.16% 0.00% 38.75% 81.87%
Preferred Stocks 		0.00% 0.00% 1.68% 39.56%
Other 		0.00% -0.10% 7.30% 59.07%
Convertible Bonds 		0.00% 0.00% 0.02% 33.98%
Bonds 		0.00% 0.00% 19.09% 35.44%

Stock Sector Breakdown

Weighting Return Low Return High AUSF % Rank
Healthcare 		24.59% 0.00% 32.47% 0.83%
Energy 		16.88% 0.00% 29.17% 4.42%
Technology 		11.63% 0.00% 30.07% 19.34%
Financial Services 		9.99% 0.00% 60.11% 96.13%
Consumer Defense 		8.80% 0.00% 33.79% 15.47%
Industrials 		8.75% 0.00% 29.02% 90.06%
Real Estate 		6.36% 0.00% 40.74% 67.68%
Communication Services 		5.74% 0.00% 19.80% 20.17%
Utilities 		3.10% 0.00% 24.69% 77.90%
Consumer Cyclical 		2.88% 0.00% 29.62% 95.30%
Basic Materials 		1.27% 0.00% 23.88% 96.41%

Stock Geographic Breakdown

Weighting Return Low Return High AUSF % Rank
US 		99.84% 56.67% 103.53% 3.57%
Non US 		0.00% 0.00% 33.85% 50.27%

AUSF - Expenses

Operational Fees

AUSF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.27% 0.06% 16.92% 96.14%
Management Fee 0.27% 0.00% 1.20% 4.67%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

AUSF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

AUSF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AUSF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 96.21% 0.00% 227.00% 90.96%

AUSF - Distributions

Dividend Yield Analysis

AUSF Category Low Category High AUSF % Rank
Dividend Yield 2.63% 0.00% 22.79% 46.01%

Dividend Distribution Analysis

AUSF Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Annual Annual

Net Income Ratio Analysis

AUSF Category Low Category High AUSF % Rank
Net Income Ratio 2.09% -1.84% 4.73% 3.60%

Capital Gain Distribution Analysis

AUSF Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

AUSF - Fund Manager Analysis

Managers

Nam To

Start Date

Tenure

Tenure Rank

Aug 24, 2018

3.77

3.8%

Nam To, CFA, joined Global X Management Company LLC in July 2017 as a Portfolio Management Analyst. Mr. To has been a Portfolio Manager of the Fund since March 1, 2018. Previously, Mr. To was a Global Economics Research Analyst at Bunge Limited from 2014 through 2017 and an Advisory and Investment Analyst at Horizon Capital Group from June 2013 through August 2013. Mr. To received his Bachelor of Arts in Philosophy and Economics from Cornell University in 2014.

Wayne Xie

Start Date

Tenure

Tenure Rank

Mar 01, 2019

3.25

3.3%

Wayne Xie joined the Global X Management Company LLC in July 2018 as a Portfolio Management Associate. Previously, Mr. Xie was an Analyst at VanEck Associates on the Equity ETF Investment Management team from 2010 to 2018 and a Portfolio Administrator at VanEck Associates from 2007 to 2010. Mr. Xie received his BS in Business Administration from State University of New York at Buffalo.

Kimberly Chan

Start Date

Tenure

Tenure Rank

Jun 10, 2019

2.98

3.0%

Kimberly Chan is a Portfolio Management Associate. Previously, Ms. Chan was a US Associate Trader at Credit Agricole from 2016 to 2018, and an Investment Analyst at MetLife Investments from 2015 to 2016. Ms. Chan received her Bachelor of Science from New York University in 2015.

Vanessa Yang

Start Date

Tenure

Tenure Rank

Dec 31, 2020

1.41

1.4%

Vanessa Yang, Portfolio Management Associate, joined Global X Management Company LLC in 2016 as a Portfolio Administrator. She was appointed to the portfolio management team in June 2019. Previously, Ms. Yang was a Portfolio Administrator at VanEck Associates from 2011 to 2014. Ms. Yang received her MS in Financial Engineering from Drucker School of Management in 2010 and her BS in Economics from Guangdong University of Foreign Studies in 2008.

William Helm

Start Date

Tenure

Tenure Rank

Apr 01, 2022

0.16

0.2%

William Helm, CFA, Portfolio Manager, joined the Adviser in September 2021. Previously, Mr. Helm spent 14 years at Vanguard where he most recently served as an Equity Portfolio Manager and Trader. Previously, he held roles in Portfolio Review, Corporate Strategy and Corporate Finance. Mr. Helm received his BBA in Economics from Belmont University in 2007 and his MBA from Columbia Business School in 2020.

Sandy Lu

Start Date

Tenure

Tenure Rank

Apr 01, 2022

0.16

0.2%

Sandy Lu, CFA, Portfolio Manager, joined the Adviser in September 2021. Previously, Mr. Lu worked at PGIM Fixed Income from 2014 to 2021, where he led the portfolio analyst team covering Emerging Markets Debt. He began his career in 2010 as an Investment Analyst at Lincoln Financial Group. Mr. Lu graduated with a B.S. in Economics from the Wharton School of the University of Pennsylvania. He earned his CFA designation in September 2015, and holds the Series 3 license.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.59 8.16 10.92

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