Global X Morningstar Capital Allocation Leaders ETF (CPTL) Stock Price, Quote, News & History | Benzinga

The Fund invests at least 80% of its total assets in the securities of the Morningstar US Capital Allocation Leaders Index. The Fund's 80% investment policy is non-fundamental and may be changed upon 60 days' prior written notice to shareholders before it can be changed. The Fund may lend securities representing up to one-third of the value of the Fund's total assets. The Underlying Index is designed to provide exposure to companies that Morningstar, Inc. determines exhibit strong capital allocation practices, as measured by the Index Provider's proprietary Capital Allocation Rating framework. The Capital Allocation Rating represents the Index Provider's assessment of the quality of a company's capital allocation, or how well its leadership team uses cash, based on a forward-looking evaluation of management's capital allocation decisions. To be eligible for inclusion in the Underlying Index, companies must be constituents of the Morningstar US Target Market Exposure Index, which measures the performance of large- and mid-capitalization companies and represents approximately the top 85% of the U.S.-listed equity market by float-adjusted market capitalization, and must have an assigned Capital Allocation Rating.