SEI Investments Distribution Co. (1 Freedom Valley Drive, Oaks, PA, 19456) is the distributor for the Global X Funds.

Check the background of SIDCO and Global X's Registered Representatives on FINRA's BrokerCheck.

The financial statements include the Fund's disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.

The financial statements include the Fund's disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.

PAVE seeks to invest in companies that stand to benefit from a potential increase in infrastructure activity in the United States, including those involved in the production of raw materials, heavy equipment, engineering, and construction.

ZAP seeks to invest in companies that stand to benefit from the increased electricity demand and electrification within the United States, including those involved in electricity generation, transmission, and distribution, and the modernization of grid infrastructure and smart grid technology.

RNRG seeks to invest in companies that produce energy from renewable sources, including wind, solar, hydroelectric, geothermal, and biofuels, positioned to benefit from the growing global transition toward cleaner energy and the increasing demand for sustainable power generation.

CTEC can complement broad equity and technology allocations by providing targeted exposure to companies advancing climate technology, rather than industrial conglomerates.

With governments worldwide advancing policies and subsidies to accelerate the clean energy transition and low-carbon hydrogen development, this concentrated approach can help fill a gap in broad portfolios, where climate technology companies may be underrepresented relative to traditional energy incumbents.

Utility-scale solar, onshore wind, and batteries could account for 96% of global power capacity growth between 2025 and 2040.¹

The cost of generating electricity from renewables plunged over the past decade, making many projects competitive or even cheaper than fossil fuel equivalents.²

ClimateTech is a dynamic theme, supporting a long-term structural shift in worldwide energy use. CTEC invests accordingly, with global exposure across multiple sectors and industries.

¹BloombergNEF, May 2026.

²International Renewable Energy Agency (IRENA), Jul 2025.

Rapid growth of AI and data centers is creating significant potential opportunities for the world's power producers and renewable energy. Charting Disruption.

Infrastructure investment is an area of bipartisan support, and we believe government funding will likely remain strong, regardless of election outcomes.

Hundreds of billions in government subsidies for low-carbon hydrogen are likely to create significant growth opportunities throughout the hydrogen value chain.

The Premium/Discount chart demonstrates the difference between the daily market price of shares of the Fund and the Fund's net asset value (NAV). The vertical axis of the chart shows the premium or discount of the daily market price as a percentage of the NAV. The horizontal axis shows each trading day in the time period, and each data point in the chart represents the Premium/Discount on that day. The data presented in the chart and table above represent past performance and cannot be used to predict future results.

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.

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.

Source: AltaVista Research, LLC