CEFA

S&P Catholic Values Developed ex-U.S. ETF

Fund Summary

The Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) provides exposure to large cap companies in developed markets outside of the U.S., whose business practices adhere to the Socially Responsible Investment Guidelines of the United States Conference of Catholic Bishops (USCCB).

Fund Objective

The Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Developed ex-U.S. Catholic Values Index.

Why CEFA?

Invest in Values

CEFA excludes companies involved in activities perceived to be inconsistent with Catholic values as set out by the U.S. Conference of Catholic Bishops, including screens for weaponry and child labor.

Minimize Tracking Error

By matching sector weightings, CEFA seeks to minimize tracking error to the S&P EPAC ex-Korea Large Cap Index (a benchmark for developed markets outside of the U.S.).

ETF Efficiency

CEFA allows investors to buy and sell a broad basket of global equities that conform with Catholic guidelines, with the tax efficiency of an ETF.

Fund Details As of 01/21/21

Key Facts

Ticker	CEFA
Inception Date	06/22/20
CUSIP	37954Y368
ISIN	US37954Y3687
Bloomberg Index Ticker	SPEKCVUN
Primary Exchange	Nasdaq
Number of Holdings	488

Stats & Fees

Net Assets	$3,100,736
Net Asset Value (NAV)	$31.01
Shares Outstanding	100,000
Total Expense Ratio	0.35%

Distributions

30-Day SEC Yield	1.88%
Distribution Frequency	Semi-Annually

Fund Documents

Fund Research

Introducing the Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA)

Fund Prices As of 01/21/21

NAV	$31.01	Daily Change	$0.17	0.56%
Market Price	$31.03	Daily Change	$0.02	0.07%
30-Day Median Bid-Ask Spread	0.33%

Cumulative % Data as of month-end (12/31/20)	Fund NAV	Market Price	Index
Year-to-Date	--	--	--
1 Month	4.60%	3.78%	4.63%
3 Months	17.23%	17.88%	17.44%
6 Months	22.33%	22.79%	22.70%
Since Inception	21.26%	22.30%	21.59%

Cumulative % Data as of quarter-end (12/31/20)	Fund NAV	Market Price	Index
Since Inception	21.26%	22.30%	21.59%

Cumulative %

Data as of quarter-end (12/31/20)

Fund NAV

Market Price

Index

Since Inception

21.26%

22.30%

21.59%

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.

Fund Characteristics As of 01/21/21

Return on Equity	6.80%
Weighted Avg. Market Cap	64,778 M
	2019	2020
Price-to-earnings	19.19	24.60
Price-to-book value	1.70	1.65

Source: AltaVista Research, LLC

Sector Breakdown As of 12/31/20

% of Net Assets
	Financials	16.9
	Industrials	15.3
	Health Care	13.2
	Consumer Staples	12.2
	Consumer Discretionary	11.6
	Information Technology	8.6
	Communication Services	6.7
	Materials	6.6
	Utilities	3.6
	Energy	3.4
	Real Estate	2.1

Source: AltaVista Research, LLC

Country Breakdown As of 12/31/20

% of Net Assets
	Japan	33.2
	Britain	10.5
	Australia	8.9
	France	8.7
	Germany	8.5
	Netherlands	4.5
	Sweden	3.9
	Hong Kong	3.5
	Switzerland	3.0
	Denmark	2.3
	Spain	2.3
	Other/Cash	10.7

Source: AltaVista Research, LLC

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
1.97	CSL AU	CSL LTD	6185495	212.02	287	60,849.31
1.75	ASML NA	ASML HOLDING NV	B929F46	563.47	96	54,092.90
1.36	7203 JP	TOYOTA MOTOR CORP	6900643	73.80	570	42,063.58
1.21	MC FP	LVMH MOET HENNE	4061412	622.63	60	37,357.58
1.14	DGE LN	DIAGEO PLC	0237400	39.76	883	35,111.16
1.11	4502 JP	TAKEDA PHARMACEU	6870445	34.56	990	34,211.27
1.09	1299 HK	AIA GROUP LTD	B4TX8S1	12.95	2,600	33,671.72
1.09	9984 JP	SOFTBANK GROUP CORP	6770620	84.78	396	33,572.25
1.06	OR FP	L'OREAL	4057808	360.67	91	32,821.23
1.03	PHIA NA	KONINKLIJKE PHILIPS NV	5986622	55.55	572	31,774.30
Holdings are subject to change.

Latest Premium / Discount As of 01/21/21

NAV	$31.01
Market Price	$31.03
Premium / (Discount)	$0.03

Current View 2021 Q1 As of 01/21/21

Days at Premium	12
Days at NAV	0
Days at Discount	1
Greatest Premium	1.65%
Greatest Discount	-0.83%
Days between -0.5% to 0.0%	0
Days between 0.0% to 0.5%	8

Daily Premium / Discount History As of 01/21/21

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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. CEFA’s consideration of the Guidelines in its investment process may result in choices not to purchase, or sell, otherwise profitable investments in companies that have been identified as being in conflict with the Guidelines. This means that the Fund may underperform other similar funds that do not consider the Guidelines when making investment decisions.

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. The fund 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. Beginning October 15, 2020, 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. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

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 Standard & Poors, nor does Standard & Poors 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 Standard & Poors.

CEFA is not authorized or sponsored by the Roman Catholic Church and the United States Conference of Catholic Bishops has not endorsed Global X, its investment management activities and/or the Fund.

CEFA

S&P Catholic Values Developed ex-U.S. ETF

Fund Summary

Fund Objective

Why CEFA?

Invest in Values

Minimize Tracking Error

ETF Efficiency

Fund Details As of 01/21/21

Key Facts

Stats & Fees

Distributions

Fund Documents

Fund Research

Fund Prices As of 01/21/21

Performance History

Cumulative %

Cumulative %

Fund Characteristics As of 01/21/21

Sector Breakdown As of 12/31/20

Country Breakdown As of 12/31/20

Top 10 Holdings As of 01/22/21