Global X Morningstar Capital Allocation Leaders ETF (CPTL)

Global X Morningstar Capital Allocation Leaders ETF is a passively managed exchange-traded fund from Global X ETFs that tracks a Morningstar index of companies recognized for strong capital allocation.

The index draws on Morningstar's equity research, in which analysts assess how well a company's management deploys capital, including decisions about investment, acquisitions, balance sheet strength, dividends and share buybacks. Companies that earn favorable capital allocation assessments are eligible for inclusion.

The fund therefore offers equity exposure built around management quality and stewardship rather than a particular sector or theme.