Global X Announces Adoption of New Morningstar Index for Fund Enhancements

The Global X Morningstar Capital Allocation Leaders ETF (CPTL) aims to invest in companies that exhibit strong capital allocation practices

NEW YORK--(BUSINESS WIRE)--Global X Management Company LLC (Global X), the New York-based provider of exchange-traded funds (ETFs), today announced enhancements, including name and ticker changes, to the Global X Conscious Companies ETF (KRMA). It has been renamed the Global X Morningstar Capital Allocation Leaders ETF (CPTL or “the Fund”), effective today.

The Fund’s underlying index has also changed; it now tracks the Morningstar US Capital Allocation Leaders Index (“the Underlying Index”). Newly created by Morningstar, Inc. (“Morningstar”), a leading provider of independent investment insights, the Underlying Index tracks US companies that exhibit strong capital allocation practices, as identified by Morningstar’s proprietary Capital Allocation Rating framework.

“Our Morningstar US Capital Allocation Leaders Index is a new index, powered by Morningstar equity research. It is based on the Morningstar Capital Allocation Rating, a forward-looking, qualitative assessment assigned by Morningstar’s equity research team that evaluates how effectively a company’s leadership team deploys financial resources to benefit investors. We are proud to offer it to Global X to support their ETF clients,” said Andrew Lane, director of equity research, index strategies at Morningstar.

Morningstar’s Capital Allocation Rating framework evaluates companies based on management’s effectiveness across three key areas – balance sheet strength, investment efficacy, and shareholder distributions. The aim is for the Underlying Index to include companies that maintain financial resilience, deploy capital productively, and return value to shareholders.

“Traditional market cap-weighted equity strategies generally do not evaluate companies based on capital allocation characteristics. As a result, investors gain exposure to companies with a wide range of capital allocation practices, including approaches that may be perceived as less disciplined with respect to leverage, acquisitions, and share issuance,” said Scott Helfstein, Head of Investment Strategy at Global X. “We believe using a research-driven approach to track how companies manage their capital could be a powerful driver of long-term shareholder value.”

CPTL aims to invest in companies with disciplined, accountable management – in other words, resilient businesses positioned to create durable value across market cycles.

The Underlying Index derives its constituents from the Morningstar US Target Market Exposure Index, which represents the top 85% of the investable equity market by float-adjusted market capitalization. Companies with a Capital Allocation Rating of “Exemplary” are targeted for inclusion in the Underlying Index.

Fund Details
New Fund Name and Ticker	New Underlying Index	New Index Provider	New Expense Ratio	Previous Fund Name and Ticker	Previous Underlying Index	Previous Expense Ratio	CUSIP / ISIN*
Global X Morningstar Capital Allocation Leaders ETF (CPTL)	Morningstar US Capital Allocation Leaders Index	Morningstar Indexes	0.35%	Global X Conscious Companies ETF (KRMA)	Concinnity Conscious Companies Index	0.43%	37954Y731 / US37954Y7316
*The CUSIP and ISIN have not changed.

About Global X

Global X was founded in 2008. For more than fifteen years, our mission has been empowering investors with unexplored and intelligent solutions. Our product lineup features a wide range of ETF strategies and more than $94 billion in assets under management.^[i] While we are distinguished for our thematic, income, and international ETFs, we also offer core and other funds to suit a wide range of investment objectives. Explore our ETFs, research and insights, and more at www.globalxetfs.com.

Global X is a member of Mirae Asset Financial Group (Mirae Asset), a global leader in financial services, with $803 billion in assets under management worldwide.^[ii] Mirae Asset has an extensive global ETF platform ranging across the U.S., Australia, Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam.

About Morningstar Indexes

Morningstar Indexes was built to keep up with the evolving needs of investors – and to be a leading-edge advocate for them. Morningstar's rich heritage as a transparent, investor-focused leader in data and research uniquely equips Morningstar Indexes to support individuals, institutions, wealth managers, and advisors in navigating investment opportunities across all major asset classes, styles, and strategies. Please visit indexes.morningstar.com for more information.

Important Information

Investing involves risk, including the possible loss of principal. There can be no guarantee that the companies identified through the Morningstar Capital Allocation Rating system will be properly assessed as Capital Allocation Leaders or will maintain strong capital allocation characteristics over time.

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.

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, which may be obtained at globalxetfs.com. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments.

CPTL is not sponsored, endorsed, sold or promoted by Morningstar, Inc. (“Morningstar”), any of its affiliates or subsidiaries, any of its direct or indirect information providers or any other third party involved in, or related to, compiling, disseminating, computing or creating any Morningstar Index (collectively, “Morningstar Parties”). The Morningstar Indexes are the exclusive property of Morningstar. Morningstar and the Morningstar Index names are service marks or trademarks of Morningstar and have been licensed for certain purposes by Global X. None of the Morningstar Parties make any representation or warranty, express or implied, to the owners of the CPTL or any member of the public regarding the advisability of investing in CPTL or the ability of any Morningstar Index to track corresponding market performance. Morningstar is the licensor of the Morningstar Indexes which are determined, composed and calculated by Morningstar without regard to Global X or the CPTL. None of the Morningstar Parties has any obligation to take the needs of Global X or the owners of CPTL into consideration in determining, composing or calculating the Morningstar Indexes. None of the Morningstar Parties are responsible for or has participated in the determination of the prices and amount of the CPTL or the timing of the issuance or sale of the CPTL or in the determination or calculation of the equation by which the CPTL is converted into cash. None of the Morningstar Parties have any obligation or liability in connection with the administration, marketing or trading of the CPTL.

^[i] Source: Global X ETFs, as of June 30, 2026.

^[ii] Source: Mirae Asset, as of December 31, 2025.