GBLO — Global Beta Low Beta ETF
Data updated: 2022-07-11
GBLO — Global Beta Low Beta ETF. Global (incl. US) Real Estate · $3.34M AUM · 0.29% expense ratio. Holdings, fees, performance and SEC filings.
GBLO Fund Overview
GBLO — Global Beta Low Beta ETF is a US ETF managed by Global Beta ETF Trust, categorised as Global (incl. US) Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Global Beta ETF Trust
- Category: Global (incl. US) Real Estate
- Assets under management: $3.34M
- 1-year return: 16.2%
- Ticker: GBLO
- SEC CIK: 0001774739
- SEC series ID: S000069009
- Share class ID: C000220722
GBLO Investment Objective and Strategy
Global Beta Low Beta ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Global Beta ETF Trust.
Investment objective
The Global Beta Low Beta ETF (the Fund) seeks to track the performance (before fees and expenses) of the Global Beta Low Beta Factor Index (the Target Index).
Principal investment strategy
The Fund seeks to track the performance (before fees and expenses) of the Target Index. The Target Index is comprised of equity securities of U.S. companies from the S&P 500 in the lowest quintile (i.e., the lowest 20% of the S&P 500) based on their twelve month trailing beta relative to the S&P 500. Beta is a measure of the relative volatility of a security as compared to the market. The constituent securities of the Target Index are weighted based on their revenue, with each individual index constituent capped at 5% at each quarterly rebalance. As of January 29, 2022, the Target Index was comprised of 101 securities. The S&P 500 is an investable benchmark for the large-cap segment of the U.S. equity market (including real estate investment trusts (REITs)). As of January 29, 2022, the S&P 500 was comprised of 505 U.S.
securities with capitalizations ranging from $5.13 billion to $2.85 trillion. REITs are companies that own or finance income-producing real estate. The Fund may use either a replication strategy or representative sampling strategy in seeking to track the performance of the Target Index. Under a replication strategy, the Fund intends to replicate the constituent securities of the Target Index as closely as possible. Under a representative sampling strategy, the Fund would invest in what it believes to be a representative sample of the component securities of the Target Index. The Fund may use a representative sampling strategy when a replication strategy might be detrimental to shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of securities to follow the Target Index (e.g., where the Target Index contains component securities too numerous to efficiently purchase or sell); or, in certain instances, when a component security of the Target Index becomes temporarily illiquid, unavailable or less liquid.
The Fund may also use a representative sampling strategy to exclude less liquid component securities contained in the Target Index from the Funds portfolio in order to create a more tradable portfolio and improve arbitrage opportunities. To the extent the Fund uses a representative sampling strategy, it may not track the Target Index with the same degree of accuracy as would an investment vehicle replicating the entire index. To the extent that the Target Index concentrates (i.e., holds 25% or more of its net assets) in securities of a particular industry or group of industries, the Fund is expected to concentrate to approximately the same extent. As of January 29, 2022, the Target Index was concentrated in the Health Care and Consumer Staples sectors. The Fund will primarily invest in U.S.
companies that are included in the Target Index. The Fund may invest its assets in investments not included in the Target Index, but which Global Beta Advisors LLC (the Adviser) believes will help the Fund track the Target Index. For example, there may be instances in which the Adviser may choose to purchase or sell investments, including exchange-traded funds (ETFs) and other investment company securities and cash and cash equivalents, as substitutes for one or more Target Index components or in anticipation of changes in the Target Indexs components. The Fund is classified as non-diversified under the 1940 Act, which means that a relatively high percentage of the Funds assets may be invested in a limited number of issuers. S&P Dow Jones Indices LLC (the Index Provider), in consultation with the Adviser, developed the Target Index methodology.
The Index Provider is responsible for the ongoing maintenance, compilation, calculation and administration of the Target Index. Subject to the Index Providers ownership of the S&P 500, the Target Index, the values thereof, and the specifications provided by the Adviser to the Index Provider, are proprietary to the Adviser. The Adviser may from time to time request that the Index Provider make changes to the specifications of the Target Index.
GBLO Holdings
Top 10 holdings of Global Beta Low Beta ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| CVS Health Corp | 5.69% |
| Costco Wholesale Corp | 5.44% |
| Walmart Inc | 5.31% |
| Walgreens Boots Alliance Inc | 5.16% |
| Kroger Co/The | 4.83% |
| Amazon.com Inc | 4.82% |
| Verizon Communications Inc | 4.77% |
| Target Corp | 4.07% |
| United Parcel Service Inc | 3.45% |
| Johnson & Johnson | 3.30% |
GBLO Portfolio Allocation
Asset-class allocation of Global Beta Low Beta ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.8% |
GBLO Performance
Total returns for GBLO (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 16.2% |
GBLO Risk Information
Risk metrics for GBLO, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.1%
GBLO Costs and Fees
GBLO costs about $29 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.29%
- Gross expense ratio: 0.29%
- Portfolio turnover: 115%
- Brokerage commissions: 39.56 bps of average net assets (SEC N-CEN)
GBLO Cashflows
Over the 12 months to 2022-05, Global Beta Low Beta ETF had net inflows of $6.88M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-05 | $0 |
| 2022-04 | $0 |
| 2022-03 | $3.23M |
| 2022-02 | $0 |
| 2022-01 | $0 |
| 2021-12 | $1.27M |
GBLO Debt Constituents
No individual debt constituents are reported in Global Beta Low Beta ETF's latest SEC N-PORT filing.
GBLO Prospectus and SEC Filings
Official Global Beta Low Beta ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-03-28
- Prospectus (485BPOS) — filed 2021-03-26
- Prospectus supplement (497) — filed 2021-05-04
- Portfolio holdings (N-PORT) — filed 2022-07-11
- Portfolio holdings (N-PORT) — filed 2022-04-20
- Portfolio holdings (N-PORT) — filed 2022-01-24
- Annual census (N-CEN) — filed 2022-02-08
- Annual census (N-CEN) — filed 2021-02-12
Related Funds
Other Global (incl. US) Real Estate funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.