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Global X Adaptive U.S. Factor ETF
ETF
AUSF
Payout Change
Pending
Price as of:
$42.24
+0.53
+1.27%
primary theme
U.S. Mid-Cap Value Equity
AUSF (ETF)
Global X Adaptive U.S. Factor ETF
Payout Change
Pending
Price as of:
$42.24
+0.53
+1.27%
primary theme
U.S. Mid-Cap Value Equity
AUSF (ETF)
Global X Adaptive U.S. Factor ETF
Payout Change
Pending
Price as of:
$42.24
+0.53
+1.27%
primary theme
U.S. Mid-Cap Value Equity
Name
As of 12/20/2024Price
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
Vitals
YTD Return
16.3%
1 yr return
16.6%
3 Yr Avg Return
13.0%
5 Yr Avg Return
13.0%
Net Assets
$364 M
Holdings in Top 10
16.9%
52 WEEK LOW AND HIGH
$41.7
$36.39
$45.09
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 12/20/2024Price
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
AUSF - Profile
Distributions
- YTD Total Return 16.3%
- 3 Yr Annualized Total Return 13.0%
- 5 Yr Annualized Total Return 13.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.09%
- Dividend Yield 2.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameGlobal X Adaptive U.S. Factor ETF
-
Fund Family NameGlobal X Funds
-
Inception DateAug 24, 2018
-
Shares Outstanding5610365
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerNam 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.
AUSF - Performance
Return Ranking - Trailing
| Period | AUSF Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 16.3% | -17.9% | 30.5% | 7.22% |
| 1 Yr | 16.6% | -17.6% | 30.6% | 6.67% |
| 3 Yr | 13.0%* | -2.5% | 15.1% | 2.54% |
| 5 Yr | 13.0%* | 1.1% | 16.7% | 4.60% |
| 10 Yr | N/A* | 1.1% | 10.9% | 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% | 6.11% |
| 2022 | -2.7% | -41.6% | 2.3% | 2.81% |
| 2021 | 24.4% | -41.5% | 44.9% | 29.01% |
| 2020 | -2.0% | -29.0% | 22.1% | 71.06% |
| 2019 | 18.9% | -8.1% | 31.2% | 73.37% |
Total Return Ranking - Trailing
| Period | AUSF Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 16.3% | -17.9% | 30.5% | 7.22% |
| 1 Yr | 16.6% | -17.6% | 30.6% | 6.67% |
| 3 Yr | 13.0%* | -2.5% | 15.1% | 2.54% |
| 5 Yr | 13.0%* | 1.1% | 16.7% | 4.60% |
| 10 Yr | N/A* | 1.1% | 10.9% | 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% | 5.56% |
| 2022 | -0.2% | -35.0% | 2.4% | 4.21% |
| 2021 | 27.5% | 6.2% | 48.3% | 62.25% |
| 2020 | 1.3% | -22.9% | 23.2% | 59.60% |
| 2019 | 24.1% | -3.0% | 35.7% | 73.67% |
AUSF - Holdings
Concentration Analysis
| AUSF | Category Low | Category High | AUSF % Rank | |
|---|---|---|---|---|
| Net Assets | 364 M | 991 K | 28 B | 68.42% |
| Number of Holdings | 191 | 8 | 2308 | 18.56% |
| Net Assets in Top 10 | 50.3 M | 349 K | 5.52 B | 72.02% |
| Weighting of Top 10 | 16.90% | 4.6% | 100.2% | 67.04% |
Top 10 Holdings
- INTL BUSINESS MACHINES CORP COMMON STOCK 2.10%
- VERIZON COMMUNICATIONS INC COMMON STOCK 1.91%
- ATT INC COMMON STOCK 1.78%
- RTX CORPORATION COMMON STOCK 1.69%
- T-MOBILE US INC COMMON STOCK 1.62%
- LOCKHEED MARTIN CORP COMMON STOCK 1.60%
- BERKSHIRE HATHAWAY INC-CL B COMMON STOCK 1.58%
- WALMART INC COMMON STOCK 1.57%
- ARTHUR J GALLAGHER CO COMMON STOCK 1.53%
- JOHNSON JOHNSON COMMON STOCK 1.53%
Asset Allocation
| Weighting | Return Low | Return High | AUSF % Rank | |
|---|---|---|---|---|
| Stocks | 99.84% | 55.64% | 103.20% | 4.99% |
| Cash | 0.16% | 0.00% | 27.43% | 86.43% |
| Preferred Stocks | 0.00% | 0.00% | 1.68% | 52.08% |
| Other | 0.00% | 0.00% | 7.98% | 69.53% |
| Convertible Bonds | 0.00% | 0.00% | 0.02% | 48.19% |
| Bonds | 0.00% | 0.00% | 19.09% | 50.14% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | AUSF % Rank | |
|---|---|---|---|---|
| Healthcare | 24.59% | 0.00% | 32.47% | 0.84% |
| Energy | 16.88% | 0.00% | 29.17% | 4.46% |
| Technology | 11.63% | 0.00% | 30.07% | 19.50% |
| Financial Services | 9.99% | 0.00% | 60.11% | 96.10% |
| Consumer Defense | 8.80% | 0.00% | 33.79% | 15.60% |
| Industrials | 8.75% | 0.00% | 29.02% | 89.97% |
| Real Estate | 6.36% | 0.00% | 40.74% | 67.41% |
| Communication Services | 5.74% | 0.00% | 19.80% | 20.06% |
| Utilities | 3.10% | 0.00% | 24.69% | 77.72% |
| Consumer Cyclical | 2.88% | 0.00% | 29.62% | 95.26% |
| Basic Materials | 1.27% | 0.00% | 23.88% | 96.38% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | AUSF % Rank | |
|---|---|---|---|---|
| US | 99.84% | 55.64% | 103.20% | 3.32% |
| Non US | 0.00% | 0.00% | 33.85% | 59.56% |
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% | 96.11% |
| Management Fee | 0.27% | 0.00% | 1.20% | 4.71% |
| 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% | 90.88% |
AUSF - Distributions
Dividend Yield Analysis
| AUSF | Category Low | Category High | AUSF % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.70% | 0.00% | 22.79% | 46.39% |
Dividend Distribution Analysis
| AUSF | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | SemiAnnual | SemiAnnual |
Net Income Ratio Analysis
| AUSF | Category Low | Category High | AUSF % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.09% | -1.84% | 4.73% | 3.63% |
Capital Gain Distribution Analysis
| AUSF | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 07, 2024 | $0.285 | OrdinaryDividend |
| Aug 07, 2024 | $0.270 | OrdinaryDividend |
| Feb 07, 2024 | $0.180 | OrdinaryDividend |
| Nov 07, 2023 | $0.180 | OrdinaryDividend |
| Aug 07, 2023 | $0.180 | OrdinaryDividend |
| May 05, 2023 | $0.160 | OrdinaryDividend |
| Feb 07, 2023 | $0.160 | OrdinaryDividend |
| Dec 29, 2022 | $0.050 | OrdinaryDividend |
| Nov 07, 2022 | $0.170 | OrdinaryDividend |
| Aug 05, 2022 | $0.180 | OrdinaryDividend |
| May 06, 2022 | $0.190 | OrdinaryDividend |
| Feb 07, 2022 | $0.190 | OrdinaryDividend |
| Dec 30, 2021 | $0.020 | OrdinaryDividend |
| Nov 05, 2021 | $0.180 | OrdinaryDividend |
| Aug 06, 2021 | $0.180 | OrdinaryDividend |
| May 07, 2021 | $0.170 | OrdinaryDividend |
| Feb 05, 2021 | $0.160 | OrdinaryDividend |
| Dec 30, 2020 | $0.062 | OrdinaryDividend |
| Nov 06, 2020 | $0.160 | OrdinaryDividend |
| Aug 07, 2020 | $0.160 | OrdinaryDividend |
| May 07, 2020 | $0.175 | OrdinaryDividend |
| Feb 07, 2020 | $0.201 | OrdinaryDividend |
| Dec 30, 2019 | $0.098 | OrdinaryDividend |
| Dec 30, 2019 | $0.049 | CapitalGainLongTerm |
| Nov 07, 2019 | $0.236 | OrdinaryDividend |
| Aug 07, 2019 | $0.230 | OrdinaryDividend |
| May 07, 2019 | $0.224 | OrdinaryDividend |
| Feb 07, 2019 | $0.219 | OrdinaryDividend |
| Dec 28, 2018 | $0.107 | OrdinaryDividend |
| Dec 28, 2018 | $0.000 | CapitalGainShortTerm |
| Nov 08, 2018 | $0.215 | OrdinaryDividend |
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 | 8.15 | 10.92 |
