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Global X Cybersecurity ETF
ETF
BUG
Payout Change
Pending
Price as of:
$32.68
+0.2
+0.62%
primary theme
Technology Sector Equity
BUG (ETF)
Global X Cybersecurity ETF
Payout Change
Pending
Price as of:
$32.68
+0.2
+0.62%
primary theme
Technology Sector Equity
BUG (ETF)
Global X Cybersecurity ETF
Payout Change
Pending
Price as of:
$32.68
+0.2
+0.62%
primary theme
Technology Sector 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
11.5%
1 yr return
11.4%
3 Yr Avg Return
1.7%
5 Yr Avg Return
15.0%
Net Assets
$819 M
Holdings in Top 10
58.1%
52 WEEK LOW AND HIGH
$32.5
$27.33
$34.51
Expenses
OPERATING FEES
Expense Ratio 0.50%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
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
BUG - Profile
Distributions
- YTD Total Return 11.5%
- 3 Yr Annualized Total Return 1.7%
- 5 Yr Annualized Total Return 15.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.41%
- Dividend Yield 0.0%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameGlobal X Cybersecurity ETF
-
Fund Family NameGlobal X Funds
-
Inception DateOct 25, 2019
-
Shares Outstanding43842160
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerWayne Xie
Fund Description
The Fund invests at least 80% of its total assets in the securities of the Indxx Cybersecurity Index ("Underlying Index") and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the Underlying Index. The Fund will also invest, under normal circumstances, at least 80% of its net assets, plus borrowings for investment purposes (if any), in Cybersecurity Companies (as defined below), and in ADRs and GDRs based on such securities. The Fund's 80% investment policies are non-fundamental and require 60 days prior written notice to shareholders before they can be changed. The Fund may lend securities representing up to one-third of the value of the Fund’s total assets (including the value of the collateral received).
The Underlying Index is designed to provide exposure to exchange-listed companies that are positioned to benefit from increased adoption of cybersecurity technology, including but not limited to companies whose principal business is in the development and management of security protocols preventing intrusion and attacks to systems, networks, applications, computers, and mobile devices (collectively, "Cybersecurity Companies"), as determined by Indxx LLC, the provider of the Underlying Index ("Index Provider").
In constructing the Underlying Index, the Index Provider first identifies FactSet Industries related to cybersecurity. Companies within these FactSet Industries, as of the selection date, are further reviewed by the Index Provider on the basis of revenue related to cybersecurity activities. To be eligible for the Underlying Index as a Cybersecurity Company, a company must generate at least 50% of its revenues from cybersecurity activities, which the Index Provider classifies as the development and
management of security protocols preventing intrusion and attacks to systems, networks, applications, computers, and mobile devices.
To be a part of the eligible universe of the Underlying Index, certain minimum market capitalization and liquidity criteria, as defined by the Index Provider, must be met. As of January 31, 2024, companies must have a minimum market capitalization of $200 million and a minimum average daily turnover for the last six months (or since the IPO launch date for Significant IPOs as defined by the Index Provider) greater than or equal to $2 million in order to be eligible for inclusion in the Underlying Index. As of January 31, 2024, companies listed in the following countries were eligible for inclusion in the Underlying Index: Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Finland, France, Germany, Greece, Hong Kong, Hungary, Indonesia, Ireland, Israel, Italy, Japan, Kuwait, Malaysia, Mexico, Netherlands, New Zealand, Norway, Peru, Philippines, Poland, Portugal, Qatar, South Africa, South Korea, Singapore, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, the United Kingdom, and the United States.
The Underlying Index is weighted according to a modified capitalization weighting methodology and is reconstituted and re-weighted semi-annually. Modified capitalization weighting seeks to weight constituents primarily based on market capitalization, but subject to caps on the weights of the individual securities. Generally speaking, this approach will limit the amount of concentration in the largest market capitalization companies and thereby increase exposure to other companies. The Underlying Index may include large-, mid- or small-capitalization companies, and components primarily include mid-capitalization companies. As of January 31, 2024, the Underlying Index had 24 constituents. 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"). The Index Provider determines the relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
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 was concentrated in the software industry and had significant exposure to the information technology sector.
BUG - Performance
Return Ranking - Trailing
| Period | BUG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.5% | -18.2% | 60.2% | 88.48% |
| 1 Yr | 11.4% | -21.8% | 62.1% | 90.78% |
| 3 Yr | 1.7%* | -27.5% | 21.9% | 76.53% |
| 5 Yr | 15.0%* | -10.4% | 30.7% | 61.42% |
| 10 Yr | N/A* | 2.3% | 26.1% | 80.43% |
* Annualized
Return Ranking - Calendar
| Period | BUG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 41.3% | -5.6% | 96.9% | 55.56% |
| 2022 | -34.7% | -73.9% | -16.4% | 26.29% |
| 2021 | 12.5% | -44.6% | 51.5% | 35.38% |
| 2020 | 69.8% | 5.5% | 154.1% | 12.63% |
| 2019 | N/A | -3.0% | 63.7% | N/A |
Total Return Ranking - Trailing
| Period | BUG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.5% | -18.2% | 60.2% | 88.48% |
| 1 Yr | 11.4% | -21.8% | 62.1% | 90.78% |
| 3 Yr | 1.7%* | -27.5% | 21.9% | 76.53% |
| 5 Yr | 15.0%* | -10.4% | 30.7% | 61.42% |
| 10 Yr | N/A* | 2.3% | 26.1% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | BUG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 41.4% | -2.3% | 96.9% | 68.06% |
| 2022 | -33.7% | -67.5% | -5.9% | 33.80% |
| 2021 | 12.8% | -17.8% | 59.2% | 66.51% |
| 2020 | 70.8% | 17.5% | 157.5% | 15.15% |
| 2019 | N/A | 7.5% | 66.9% | N/A |
BUG - Holdings
Concentration Analysis
| BUG | Category Low | Category High | BUG % Rank | |
|---|---|---|---|---|
| Net Assets | 819 M | 4.67 M | 81.2 B | 53.67% |
| Number of Holdings | 26 | 10 | 321 | 97.71% |
| Net Assets in Top 10 | 461 M | 1.67 M | 56.8 B | 55.05% |
| Weighting of Top 10 | 58.07% | 12.6% | 100.0% | 32.57% |
Top 10 Holdings
- CHECK POINT SOFTWARE TECH COMMON STOCK 7.18%
- PALO ALTO NETWORKS INC COMMON STOCK 6.85%
- FORTINET INC COMMON STOCK 6.56%
- ZSCALER INC COMMON STOCK 6.32%
- GEN DIGITAL INC COMMON STOCK 5.62%
- VARONIS SYSTEMS INC COMMON STOCK 5.36%
- CYBERARK SOFTWARE LTD/ISRAEL COMMON STOCK 5.14%
- CROWDSTRIKE HOLDINGS INC - A COMMON STOCK 5.09%
- RADWARE LTD COMMON STOCK 5.04%
- TREND MICRO INC COMMON STOCK 4.90%
Asset Allocation
| Weighting | Return Low | Return High | BUG % Rank | |
|---|---|---|---|---|
| Stocks | 99.98% | 0.00% | 100.77% | 8.26% |
| Other | 0.56% | -0.04% | 26.87% | 16.51% |
| Preferred Stocks | 0.00% | 0.00% | 8.64% | 62.84% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 53.21% |
| Cash | 0.00% | 0.00% | 26.97% | 94.50% |
| Bonds | 0.00% | 0.00% | 88.05% | 52.75% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BUG % Rank | |
|---|---|---|---|---|
| Technology | 100.00% | 2.80% | 100.00% | 1.83% |
| Utilities | 0.00% | 0.00% | 5.17% | 50.92% |
| Real Estate | 0.00% | 0.00% | 15.05% | 65.60% |
| Industrials | 0.00% | 0.00% | 38.68% | 85.32% |
| Healthcare | 0.00% | 0.00% | 25.57% | 77.06% |
| Financial Services | 0.00% | 0.00% | 38.36% | 88.07% |
| Energy | 0.00% | 0.00% | 1.24% | 51.38% |
| Communication Services | 0.00% | 0.00% | 97.05% | 94.04% |
| Consumer Defense | 0.00% | 0.00% | 5.64% | 56.88% |
| Consumer Cyclical | 0.00% | 0.00% | 32.97% | 93.12% |
| Basic Materials | 0.00% | 0.00% | 2.38% | 55.96% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BUG % Rank | |
|---|---|---|---|---|
| US | 84.81% | 0.00% | 100.77% | 83.49% |
| Non US | 15.17% | 0.00% | 63.81% | 11.93% |
BUG - Expenses
Operational Fees
| BUG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.50% | 0.08% | 5.04% | 87.10% |
| Management Fee | 0.50% | 0.03% | 1.95% | 18.35% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| BUG 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
| BUG 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.
| BUG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.69% | 281.00% | N/A |
BUG - Distributions
Dividend Yield Analysis
| BUG | Category Low | Category High | BUG % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 7.82% | 28.44% |
Dividend Distribution Analysis
| BUG | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| BUG | Category Low | Category High | BUG % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.41% | -2.30% | 2.08% | 8.88% |
Capital Gain Distribution Analysis
| BUG | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 28, 2023 | $0.031 | OrdinaryDividend |
| Dec 29, 2022 | $0.323 | OrdinaryDividend |
| Dec 30, 2021 | $0.093 | OrdinaryDividend |
| Dec 30, 2020 | $0.024 | OrdinaryDividend |
| Jun 29, 2020 | $0.105 | OrdinaryDividend |
| Dec 30, 2019 | $0.020 | OrdinaryDividend |
| Dec 30, 2019 | $0.020 | CapitalGainShortTerm |
BUG - Fund Manager Analysis
Managers
Wayne Xie
Start Date
Tenure
Tenure Rank
Oct 25, 2019
2.6
2.6%
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.
Nam To
Start Date
Tenure
Tenure Rank
Oct 25, 2019
2.6
2.6%
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.
Kimberly Chan
Start Date
Tenure
Tenure Rank
Oct 25, 2019
2.6
2.6%
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.
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.
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 32.43 | 8.19 | 1.41 |
