AQWA

Clean Water ETF

Overview Prices & Performance Holdings & Characteristics Research Documents

Reasons to Consider AQWA

High Growth Potential

Forecasts suggest the global seawater desalination market could grow by more than 67% from 2021 to 2028, exceeding $22bn and highlighting one of many growth opportunities for the clean water theme.¹

Global Tailwinds

Despite its apparent abundance, freshwater is a scarce and finite resource. As the global population grows, investment in clean water technologies may be essential to sustaining and improving standards of living.

Conscious Approach

AQWA incorporates Environmental, Social & Governance (ESG) screens and follows ESG proxy voting guidelines to affect positive change alongside financial returns.

¹Grand View Research, Nov 2021

Key Information As of 11/28/22

Inception Date	04/08/21
Total Expense Ratio	0.50%
Net Assets	$7.49 million
NAV	$14.14
Fact Sheet

ETF Summary

The Global X Clean Water ETF (AQWA) seeks to invest in companies advancing the provision of clean water through industrial water treatment, storage and distribution infrastructure, as well as purification and efficiency strategies, among other activities.

ETF Objective

The Global X Clean Water ETF (AQWA) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Clean Water Industry Index.

Trading Details As of 11/28/22

Ticker	AQWA
Bloomberg Index Ticker	SOLAQWA
CUSIP	37954Y186
ISIN	US37954Y1863
Primary Exchange	Nasdaq
Shares Outstanding	530,000
Number of Holdings	40
30-Day Median Bid-Ask Spread	0.42%

Distributions As of 11/28/22

30-Day SEC Yield	1.60%
Distribution Frequency	Semi-Annually

ETF Prices As of 11/28/22

NAV	$14.14	Daily Change	-$0.33	-2.28%
Market Price	$14.15	Daily Change	-$0.31	-2.14%

As of recent (09/30/22) As of recent (09/30/22)	Fund NAV	Market Price	Index
1 Year	-21.38%	-21.73%	-21.14%
Since Inception	-11.14%	-10.85%	-10.86%
1 Year	-18.47%	-18.01%	-18.26%
Since Inception	-5.76%	-5.49%	-5.48%
Year-to-Date	-28.68%	-28.45%	-28.53%
1 Month	-11.05%	-10.94%	-11.02%
3 Months	-5.34%	-5.32%	-5.25%
Since Inception	-16.04%	-15.63%	-15.65%
Year-to-Date	-22.58%	-22.37%	-22.43%
1 Month	8.55%	8.51%	8.55%
3 Months	-6.79%	-6.89%	-6.76%
Since Inception	-8.86%	-8.45%	-8.43%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
9.05	XYL	XYLEM INC	B3P2CN8	109.61	6,187	678,157.07
8.07	AWK	AMERICAN WATER W	B2R3PV1	149.75	4,040	604,990.00
7.91	FERG	FERGUSON PLC	BKB0C57	116.96	5,069	592,870.24
7.51	WTRG	ESSENTIAL UTILITIES INC	BLCF3J9	47.67	11,808	562,887.36
7.13	ECL	ECOLAB INC	2304227	145.48	3,674	534,493.52
4.49	AOS	SMITH (A.O.) CORP	2816023	59.76	5,636	336,807.36
4.47	UU/ LN	UNITED UTILITIES	B39J2M4	12.65	26,512	335,281.83
4.46	SVT LN	SEVERN TRENT PLC	B1FH8J7	33.43	9,992	334,041.00
4.21	PNR	PENTAIR PLC	BLS09M3	44.53	7,084	315,450.52
3.34	AQUA	EVOQUA WATER TEC	BF329G6	42.71	5,856	250,109.76
3.01	WMS	ADVANCED DRAINAG	BP7RS59	93.25	2,419	225,571.75
2.98	6370 JP	KURITA WATER IND	6497963	46.62	4,783	222,961.99
2.68	WTS	WATTS WATER TE-A	2943620	152.08	1,320	200,745.60
2.49	SBSP3 BZ	SABESP	B1YCHL8	11.20	16,629	186,216.08
2.33	AWR	AMERICAN STATES WATER CO	2267171	97.75	1,785	174,483.75
2.28	ZWS	Zurn Elkay Water Solution	BMV1ZD3	23.81	7,164	170,574.84
2.26	CWT	CALIF WATER SRVC	2165383	64.56	2,627	169,599.12
2.15	BMI	BADGER METER INC	2069128	113.54	1,419	161,113.26
2.07	FELE	FRANKLIN ELECTRIC CO INC	2350383	82.22	1,885	154,984.70
1.65	270 HK	GUANGDONG INVESTMENT LTD	6913168	0.90	137,400	123,900.95
1.47	021240 KS	COWAY CO LTD	6173401	41.93	2,635	110,492.07
1.31	SJW	SJW GROUP	2811932	75.22	1,303	98,011.66
1.27	300070 C2	BEIJING ORIGIN-A	BD5CNZ7	0.70	135,600	95,037.53
1.15	MWA	MUELLER WATER-A	B15RZR4	11.44	7,516	85,983.04
1.15	000598 C2	CHENGDU XINGRO-A	BD5CJV5	0.70	123,500	85,874.15
1.04	MSEX	MIDDLESEX WATER CO	2589466	92.35	841	77,666.35
1.04	KIT SP	KEPPEL INFRASTRU	B1P31B8	0.39	197,665	77,560.75
1.00	600008 C1	BEIJING CAPITA-A	BP3R7K1	0.40	187,900	74,548.03
0.92	RWC AU	RELIANCE WORLDWI	BD1DM79	2.08	33,084	68,839.23
0.81	CNM	CORE & MAIN INC-CLASS A	BNXKS92	20.62	2,946	60,746.52
0.66	ERII	ENERGY RECOVERY INC	B3B5J07	22.16	2,216	49,106.56
0.64	371 HK	BJ ENT WATER	B01YCG0	0.24	199,240	47,910.77
0.43	6254 JP	NOMURA MICRO SCI	B248ZF3	36.24	884	32,036.60
0.41	855 HK	CHINA WATER AFFAIRS GROUP	6671477	0.79	38,600	30,660.39
0.40	WTTR	SELECT ENERGY -A	BDHSLL5	8.06	3,705	29,862.30
0.40	6368 JP	ORGANO CORP	6470522	21.23	1,400	29,715.77
0.36	AWPT AB	ALKHORAYEF WATER	BN33QN1	37.68	724	27,281.86
0.36	CSMG3 BZ	COPASA MG - ORD	B0YBZJ2	2.89	9,295	26,882.61
0.26	CXL AU	CALIX LTD	BD3DLF8	3.45	5,627	19,388.39
0.23	603956 C1	WPG SHANGHAI S-A	BKM3FR8	1.12	15,500	17,355.78
0.19		CASH		0.08	171,275	14,440.89

Holdings are subject to change.

Sector Breakdown As of 10/31/22

	Sector	Weight (%)
	Industrials	48.8
	Utilities	39.0
	Materials	8.1
	Information Technology	2.2
	Consumer Discretionary	1.4
	Energy	0.5

Source: AltaVista Research, LLC

Country Breakdown As of 10/31/22

	Country	Weight (%)
	United States	64.0
	Britain	20.1
	China	3.6
	Japan	3.1
	Brazil	3.1
	Hong Kong	2.2
	South Korea	1.4
	Australia	1.2
	Singapore	1.0
	Saudi Arabia	0.4

Source: AltaVista Research, LLC

ETF Characteristics As of 11/28/22

Return on Equity	13.30%
Weighted Avg. Market Cap	13,147 M
	2021	2022
Price-to-earnings	22.82	22.35
Price-to-book value	3.08	2.87

Source: AltaVista Research, LLC

ETF Risk Stats As of 10/31/22

Versus	Beta
S&P 500	1.02
MSCI EAFE	1.16
MSCI Emg. Mkts	0.80
Standard Deviation	21.80%

Source: AltaVista Research, LLC

ETF Research

Four Companies Sustaining Water Supplies

Sustainably-Themed Investing: Affecting Positive Change Through Disruption

What’s Next for Infrastructure Spending?

Latest Premium / Discount As of 11/28/22

NAV	$14.14
Market Price	$14.15
Premium / (Discount)	$0.01

Current View 2022 Q4 As of 11/28/22

Days at Premium	32
Days at NAV	0
Days at Discount	8
Greatest Premium	0.70%
Greatest Discount	-0.19%

Daily Premium / Discount History As of 11/28/22

Hover over the chart points for details

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How can the Fund trade at a premium/discount to its NAV?

The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time discrepancies?

Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.

Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.

International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

Investing involves risk, including the possible loss of principal. The investable universe of companies in which AQWA may invest may be limited. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Clean Water Companies typically face intense competition, short product lifecycles and potentially rapid product obsolescence. Clean Water Companies are subject to significant regulation regarding the usage, treatment, and distribution of water. Clean Water Companies may also be adversely affected by the impact of global climate change on the available supply of clean water reserves. AQWA is non-diversified.

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. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Since the Fund’s shares did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market 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. 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. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Solactive AG, nor does Solactive AG make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Solactive AG.

AQWA

Clean Water ETF

Reasons to Consider AQWA

High Growth Potential

Global Tailwinds

Conscious Approach

Key Information As of 11/28/22

ETF Summary

ETF Objective

Trading Details As of 11/28/22

Distributions As of 11/28/22

ETF Prices As of 11/28/22

Performance History

Top Holdings As of 11/28/22

Sector Breakdown As of 10/31/22

Country Breakdown As of 10/31/22

ETF Characteristics As of 11/28/22

ETF Risk Stats As of 10/31/22

ETF Research

Four Companies Sustaining Water Supplies

Sustainably-Themed Investing: Affecting Positive Change Through Disruption

What’s Next for Infrastructure Spending?

ETF Documents