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Security Profile
- Security Type
- Index ETF
- CUSIP
- 37954Y681
- Market Cap
- Micro Cap · $2 Million
- IPO
- 2/14/2017
Fund Description: Global X Founder-Run Companies ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the Global X Funds, an open-end investment management company. INVESTMENT OBJECTIVE: The Global X Founder-Run Companies ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive U.S. Founder-Run Companies Index. INDEX DESCRIPTION: The Solactive U.S. Founder-Run Companies Index is designed to provide exposure to U.S. companies in which a founder or co-founder of the company is serving as the Chief Executive Officer of the company, collectively, Founder-Run Companies, as determined by Solactive AG, the provider of the Index (Index Provider). The starting universe of companies eligible for inclusion in the Index is the Solactive U.S. Broad Market Index. From this initial universe, the Index Provider identifies Founder-Run Companies using company-level data, and ranks these Founder-Run Companies by market capitalization. As of the respective selection date, new constituents must have a minimum six-month average daily traded value of $5 million to be eligible for inclusion, while existing constituents must have a minimum six-month average daily traded value of $4 million to remain in the Index. The top 100 companies by market capitalization are selected for inclusion in the Index. The Index may include large- or mid-capitalization companies. FUND STRATEGY: A passive or indexing approach is used to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to beat the 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 Index in approximately the same proportions as in the Index. However, the Fund may utilize a representative sampling strategy with respect to the 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 Index, in instances in which a security in the 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 Index. FUND MANAGEMENT: Global X Management Company LLC, serves as the investment advisor of the Fund.
Company Contact
- Headquarters
- 623 Fifth Avenue, 15th Floor, New York, NY 10022
- Phone
- 212-644-6440 · Toll-Free 888-493-8631
- Investor Relations
- 888-493-8631 · info@globalxfunds.com