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FLOW

U.S. Cash Flow Kings 100 ETF

Reasons to Consider FLOW

Strong Balance Sheets

FLOW holds companies that generate a high level of free cash flow, which may be better positioned to invest in new projects, increase dividend payouts, or pay down debt.

Measure of Profitability

Stocks of companies with high free cash flow are less sensitive to accounting adjustments that may impair the quality of a company’s profitability.

ETF Efficiency

FLOW allows investors to buy and sell a basket of U.S. equities that have high free cash flow yields,1 with the tax efficiency of an ETF.

1Free cash flow is the cash a company generates after accounting for operating and capital expenditures. Free cash flow yield is defined as a company’s free cash flow per share, divided by its enterprise value per share.

Key Information As of 11/22/23

Inception Date 07/10/23
Total Expense Ratio 0.25%
Net Assets $3.74 million
NAV $26.75
Fact Sheet View the document

ETF Summary

The Global X U.S. Cash Flow Kings 100 ETF (FLOW) offers exposure to U.S. companies that exhibit high free cash flow yields, relative to the broader domestic equity market. Free cash flow is a measure of profitability that correlates with quality, growth and value factor orientations,2 making FLOW a potentially appealing choice as a portfolio’s core allocation. FLOW may minimize idiosyncratic risks by implementing a sector cap of 25% and an individual constituent cap of 2%.

ETF Objective

The Global X U.S. Cash Flow Kings 100 ETF (FLOW) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Global X U.S. Cash Flow Kings 100 Index.

Trading Details As of 11/22/23

Ticker FLOW
Bloomberg Index Ticker GXFLOWT
CUSIP 37960A578
ISIN US37960A5781
Primary Exchange NYSE Arca
Shares Outstanding 140,000
Number of Holdings 100
30-Day Median Bid-Ask Spread 0.27%

Distributions As of 11/22/23

30-Day SEC Yield 2.32%
Distribution Frequency Monthly

2Global X ETFs, July 2023. "Introducing the U.S. Cash Flow Kings 100 ETF (FLOW)"

ETF Prices As of 11/22/23

NAV $26.75 Daily Change $0.13 0.49%
Market Price $26.78 Daily Change $0.13 0.49%

Performance History

As of recent
(09/30/23)
Fund NAV Market Price Index
Year-to-Date -- -- --
1 Month -2.12% -2.19% -2.13%
3 Months -- -- 3.68%
Since Inception 3.42% 3.53% 3.46%
Year-to-Date -- -- --
1 Month -3.71% -3.71% -3.72%
3 Months -6.08% -5.97% -6.04%
Since Inception -0.42% -0.31% -0.38%

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 11/24/23

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.22 LEN LENNAR CORP-A 2511920 127.63 653 83,342.39
2.21 MCK MCKESSON CORP 2378534 461.37 180 83,046.60
2.18 DHI DR HORTON INC 2250687 127.48 644 82,097.12
2.15 LNG CHENIERE ENERGY INC 2654364 179.21 451 80,823.71
2.14 DELL DELL TECHNOLOGIES -C BHKD3S6 74.41 1,079 80,288.39
2.03 STLD STEEL DYNAMICS INC 2849472 111.50 683 76,154.50
2.01 NUE NUCOR CORP 2651086 157.16 480 75,436.80
1.99 GILD GILEAD SCIENCES INC 2369174 75.38 990 74,626.20
1.95 CVS CVS HEALTH CORP 2577609 69.42 1,054 73,168.68
1.92 BLDR BUILDERS FIRSTSOURCE INC B0BV2M7 134.71 536 72,204.56
1.91 DOW DOW INC BHXCF84 51.67 1,388 71,717.96
1.91 MPC MARATHON PETROLEUM CORP B3K3L40 149.50 479 71,610.50
1.90 MO ALTRIA GROUP INC 2692632 41.47 1,719 71,286.93
1.90 KR KROGER CO 2497406 44.18 1,613 71,262.34
1.87 COR CENCORA INC 2795393 201.30 350 70,455.00
1.86 ADM ARCHER-DANIELS-MIDLAND CO 2047317 74.30 941 69,916.30
1.84 COP CONOCOPHILLIPS 2685717 115.49 599 69,178.51
1.82 PSX PHILLIPS 66 B78C4Y8 118.63 576 68,330.88
1.82 ABBV ABBVIE INC B92SR70 138.67 492 68,225.64
1.81 EOG EOG RESOURCES INC 2318024 123.50 551 68,048.50
1.80 HPQ HP INC BYX4D52 28.64 2,366 67,762.24
1.80 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 94.13 718 67,585.34
1.79 OXY OCCIDENTAL PETROLEUM CORP 2655408 60.16 1,117 67,198.72
1.78 PFE PFIZER INC 2684703 30.50 2,195 66,947.50
1.77 EXPE EXPEDIA GROUP INC B748CK2 136.42 489 66,709.38
1.76 XOM EXXON MOBIL CORP 2326618 104.57 632 66,088.24
1.72 CVX CHEVRON CORP 2838555 144.90 445 64,483.11
1.72 CSCO CISCO SYSTEMS INC 2198163 48.36 1,333 64,463.88
1.71 VLO VALERO ENERGY CORP 2041364 124.96 515 64,354.40
1.70 CAH CARDINAL HEALTH INC 2175672 106.27 600 63,762.00
1.68 BMY BRISTOL-MYERS SQUIBB CO 2126335 49.76 1,272 63,294.72
1.56 CF CF INDUSTRIES HO B0G4K50 78.36 747 58,534.92
1.34 PHM PULTEGROUP INC 2708841 88.10 570 50,217.00
1.30 EBAY EBAY INC 2293819 41.48 1,176 48,780.48
1.22 PXD PIONEER NATURAL 2690830 237.69 193 45,874.17
1.20 TOL TOLL BROTHERS INC 2896092 85.52 528 45,154.56
1.17 VTRS VIATRIS INC BMWS3X9 9.43 4,671 44,047.53
1.07 EXPD EXPEDITORS INTL WASH INC 2325507 118.13 339 40,046.07
1.06 BBY BEST BUY CO INC 2094670 69.51 572 39,759.72
1.06 RS RELIANCE STEEL & ALUMINUM 2729068 268.00 148 39,664.00
1.05 WLK Westlake Corporation B01ZP20 129.42 304 39,343.68
0.99 NVR NVR INC 2637785 6,195.06 6 37,170.36
0.98 MOS MOSAIC CO/THE B3NPHP6 36.41 1,010 36,774.10
0.96 LSXMK LIBERTY MEDIA CO BPLYVL3 26.86 1,346 36,153.56
0.96 CHRW CH ROBINSON 2116228 82.51 435 35,891.85
0.93 FANG DIAMONDBACK ENERGY INC B7Y8YR3 154.63 227 35,101.01
0.91 LYV LIVE NATION ENTE B0T7YX2 87.63 392 34,350.96
0.86 GPS GAP INC/THE 2360326 18.86 1,716 32,363.76
0.82 WSM WILLIAMS-SONOMA INC 2967589 183.54 168 30,834.72
0.82 FOXA FOX CORP - CLASS A BJJMGL2 30.47 1,008 30,713.76
0.81 DVA DAVITA INC 2898087 99.26 308 30,572.08
0.81 SWKS SKYWORKS SOLUTIONS INC 2961053 94.90 322 30,557.80
0.78 CTRA COTERRA ENERGY INC 2162340 26.77 1,088 29,125.76
0.75 CLF CLEVELAND-CLIFFS INC BYVZ186 16.78 1,680 28,190.40
0.75 DXC DXC TECHNOLOGY CO BYXD7B3 23.07 1,216 28,053.12
0.72 DKS DICK'S SPORTING GOODS INC 2969637 123.28 219 26,998.32
0.65 NXST Nexstar Media Group Inc 2949758 149.88 163 24,430.44
0.64 NTAP NETAPP INC 2630643 78.34 307 24,050.38
0.62 ZM ZOOM VIDEO COM-A BGSP7M9 64.53 363 23,424.39
0.62 EQT EQT CORP 2319414 40.85 571 23,325.35
0.61 MRO MARATHON OIL CORP 2910970 25.35 910 23,068.50
0.55 OLN OLIN CORP 2658526 47.44 434 20,588.96
0.55 DBX DROPBOX INC-CLASS A BG0T321 28.53 720 20,541.60
0.53 HRB H&R BLOCK INC 2105505 47.16 422 19,901.52
0.52 CROX CROCS INC B0T7Z62 94.59 208 19,674.72
0.49 JWN NORDSTROM INC 2641827 14.86 1,244 18,485.84
0.49 FBIN FORTUNE BRANDS I B3MC7D6 66.38 275 18,254.50
0.46 TPR TAPESTRY INC BF09HX3 30.58 568 17,369.44
0.46 DINO HF SINCLAIR CORP BMZQ9C1 54.16 319 17,277.04
0.44 RHI ROBERT HALF INC 2110703 81.26 204 16,577.04
0.42 UTHR UNITED THERAPEUTICS CORP 2430412 231.13 68 15,716.84
0.39 BYD BOYD GAMING CORP 2117232 59.20 248 14,681.60
0.39 CHK CHESAPEAKE ENERGY CORP BMZ5LZ5 82.15 178 14,622.70
0.39 FFIV F5 INC 2427599 168.09 86 14,455.74
0.38 AYI ACUITY BRANDS INC 2818461 180.47 79 14,257.13
0.38 THO THOR INDUSTRIES INC 2889876 101.22 140 14,170.80
0.37 MSM MSC INDL DIRECT 2567655 99.01 139 13,762.39
0.36 CNXC CONCENTRIX CORP BNKVVY4 94.67 144 13,632.48
0.35 APA APA CORP BNNF1C1 36.88 361 13,313.68
0.35 OVV OVINTIV INC BJ01KB6 45.08 293 13,208.44
0.32 ALSN ALLISON TRANSMIS B4PZ892 54.18 225 12,190.50
0.32 LSTR LANDSTAR SYSTEM INC 2503994 175.45 69 12,106.05
0.31 CHRD CHORD ENERGY CORP BLDDYB1 161.71 73 11,804.83
0.30 KRC KILROY REALTY CORP 2495529 30.18 371 11,196.78
0.30 RRC RANGE RESOURCES CORP 2523334 33.46 333 11,142.18
0.29 PII POLARIS INC 2692933 90.57 121 10,958.97
0.29 G GENPACT LTD B23DBK6 33.61 323 10,856.03
0.28 EPR EPR PROPERTIES B8XXZP1 45.60 233 10,624.80
0.27 SMG SCOTTS MIRACLE-GRO CO 2781518 56.29 183 10,301.07
0.26 TNET TRINET GROUP INC 2693914 112.86 85 9,593.10
0.24 SWN SOUTHWESTERN ENERGY CO 2828619 6.83 1,345 9,186.35
0.24 OTHER PAYABLE & RECEIVABLES 1.00 8,840 8,840.25
0.23 SYNA SYNAPTICS INC 2839268 103.94 82 8,523.08
0.22 AR ANTERO RESOURCES CORP BFD2WR8 25.13 322 8,091.86
0.21 LEG LEGGETT & PLATT INC 2510682 23.34 331 7,725.54
0.20 SHOO STEVEN MADDEN LTD 2553911 37.38 204 7,625.52
0.19 CRI CARTER'S INC 2980939 66.95 109 7,297.55
0.19 SEB SEABOARD CORP 2786687 3,509.99 2 7,019.98
0.17 MUR MURPHY OIL CORP 2611206 43.02 149 6,409.98
0.17 MTDR MATADOR RESOURCES CO B7MSLL8 58.58 106 6,209.48
0.10 OLPX OLAPLEX HOLDINGS INC BNKJ933 2.05 1,912 3,919.60
0.02 CASH 1.00 866 866.09
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 10/31/23

Sector Weight (%)
Energy 25.4
Health Care 17.9
Consumer Discretionary 16.3
Materials 14.0
Information Technology 10.2
Consumer Staples 6.2
Industrials 6.2
Communication Services 3.3
Real Estate 0.6

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Oil & Gas Production 10.0
Homebuilding 7.5
Pharmaceuticals: Major 7.4
Oil Refining/Marketing 6.7
Steel 6.3
Medical Distributors 6.1
Integrated Oil 5.7
Computer Processing Hardware 4.1
Chemicals: Specialty 4.0
Other Consumer Services 3.3
Chemicals: Agricultural 3.0
Other 35.9

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 11/22/23

Return on Equity 26.00%
Weighted Avg. Market Cap 60,517 M
2022 2023
Price-to-earnings 8.32 10.05
Price-to-book value 2.84 2.41

Source: new windowAltaVista Research, LLC

ETF Research

Introducing the U.S. Cash Flow Kings 100 ETF (FLOW)

Read the Full ArticleRead More

ETF Documents

Investing involves risk, including possible loss of principal. There is no assurance that companies with current high free cash flow yields will continue to maintain high free cash flow yields in the future. FLOW 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. 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.

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 Global X U.S. Cash Flows Kings 100 Index is owned and was developed by Global X Management Company LLC for use by 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.