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CHIE

MSCI China Energy ETF

Morningstar Rating™ - Overall rating out of 95 China Region funds, based on risk-adjusted returns as of 02/28/2023

Overview Prices & Performance Holdings & Characteristics Research Documents

Reasons to Consider CHIE

Targeted Exposure

CHIE is a targeted play on the Energy Sector in China – the world's second largest economy by GDP.

ETF Efficiency

In a single trade, CHIE delivers access to dozens of energy companies within the MSCI China Index, providing investors an efficient vehicle to express a sector view on China.

All Share Exposure

The Index incorporates all eligible securities as per MSCI's Global Investable Market Index Methodology, including China A, B and H shares, Red chips, P chips and foreign listings, among others.

Key Information As of 03/23/23

Inception Date	12/15/09
Total Expense Ratio	0.66%
Net Assets	$10.59 million
NAV	$15.13
Fact Sheet

ETF Summary

The Global X MSCI China Energy ETF (CHIE) seeks to invest in large-, mid- and small-capitalization segments of the MSCI China IMI Index that are classified in the Energy Sector as per the Global Industry Classification System (GICS).

ETF Objective

The Global X MSCI China Energy ETF (CHIE) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI China Energy IMI Plus 10/50 Index.

Trading Details As of 03/23/23

Ticker	CHIE
Bloomberg Index Ticker	NU722195
CUSIP	37950E507
ISIN	US37950E5078
Primary Exchange	NYSE Arca
Shares Outstanding	700,000
Number of Holdings	28
30-Day Median Bid-Ask Spread	0.65%

Distributions As of 03/23/23

30-Day SEC Yield	5.70%
Distribution Frequency	Semi-Annually

ETF Prices As of 03/23/23

NAV	$15.13	Daily Change	$0.14	0.93%
Market Price	$15.13	Daily Change	$0.08	0.53%

As of recent (12/31/22) As of recent (12/31/22)	Fund NAV	Market Price	Index
1 Year	26.67%	25.74%	27.60%
3 Years	13.61%	13.54%	14.78%
5 Years	8.46%	8.44%	9.55%
10 Years	2.84%	2.70%	3.78%
Since Inception	2.37%	2.35%	3.28%
1 Year	17.30%	17.52%	18.17%
3 Years	23.11%	22.40%	24.37%
5 Years	9.30%	9.64%	10.41%
10 Years	3.11%	3.21%	4.05%
Since Inception	2.79%	2.80%	3.70%
Year-to-Date	26.67%	25.74%	27.60%
1 Month	-5.15%	-6.45%	-5.03%
3 Months	-3.28%	-2.92%	-3.08%
Since Inception	35.70%	35.40%	52.36%
Year-to-Date	5.96%	6.39%	6.07%
1 Month	-2.70%	-3.38%	-2.61%
3 Months	0.51%	-0.46%	0.73%
Since Inception	43.79%	44.06%	61.60%

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 ($)	Shares Held	Market Value ($)
9.80	386 HK	SINOPEC CORP-H	6291819	0.62	1,686,997	1,038,026.36
9.41	1088 HK	CHINA SHENHUA ENERGY CO-H	B09N7M0	3.28	303,755	996,431.87
8.94	857 HK	PETROCHINA CO LTD-H	6226576	0.56	1,703,663	946,274.47
7.81	1171 HK	YANKUANG ENRGY-H	6109893	2.90	284,775	827,148.81
5.62	2883 HK	CHINA OILFIELD SERVICES-H	6560995	1.05	566,886	595,072.50
4.77	1898 HK	CHINA COAL ENERGY CO-H	B1JNK84	0.82	614,200	505,462.88
4.65	601225 C1	SHAANXI COAL I-A	BS7K5P8	2.83	174,086	492,634.79
4.35	900948 CH	INNER MONGOLIA-B	6019011	1.36	337,994	461,023.82
3.63	601699 C1	SHANXI LU'AN -A	BP3R682	2.97	129,665	384,811.15
3.16	934 HK	SINOPEC KANTONS HOLDINGS	6162692	0.35	961,600	334,429.09
2.92	000983 C2	Shanxi Coking Coal	BD5CKB2	1.60	193,853	309,407.21
2.87	601872 C1	CHINA MERCHANTS ENERGY -A	BP3R8G4	1.04	291,400	303,940.21
2.85	600256 C1	GUANGHUI ENERGY CO LTD-A	BP3R3N6	1.35	223,750	301,981.18
2.80	600583 C1	OFFSHORE OIL-A	BP3R455	0.90	329,075	296,892.35
2.73	1164 HK	CGN MINING CO LTD	B755514	0.12	2,494,100	289,136.02
2.65	600026 C1	COSCO SHIPPING-A	BP3R9Y9	2.07	135,500	280,873.30
2.44	2686 HK	AAG ENERGY HOLDINGS LTD	BYP44V3	0.20	1,299,400	258,234.58
2.42	002128 C2	INNER MONGOLIA-A	BD5CG92	1.97	130,100	256,129.04
2.40	650 HK	PRODUCTIVE TECHN	BYV2983	0.12	2,126,400	254,635.97
2.38	000937 C2	JIZHONG ENERGY-A	BD5CJ93	0.99	253,300	251,566.53
2.24	600348 C1	SHAN XI HUA YA-A	BP3R790	2.00	118,600	236,968.60
2.23	002353 C2	YANTAI JEREH OILFIELD-A	BD5CMC7	3.97	59,410	235,665.08
2.22	1277 HK	KINETIC DEVELOPM	B79ZNS3	0.08	3,026,800	235,212.56
2.21	601666 C1	PINGDINGSHAN -A	BP3R9C7	1.52	154,300	234,506.39
1.24	600188 C1	YANKUANG ENRGY-A	BP3R5S5	4.64	28,304	131,333.65
0.44	600028 C1	CHINA PETROLEU-A	BP3R240	0.84	56,250	47,035.57
0.39	601857 C1	PETROCHINA CO LTD-A	BP3R206	0.85	49,300	41,730.32
0.38	601088 C1	CHINA SHENHUA ENERGY CO-A	BP3R262	4.31	9,400	40,514.33
0.04		CASH		1.00	4,073	4,073.00
0.00		HONG KONG DOLLAR		0.14	0	0.01

Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 03/23/23

Return on Equity	19.80%
Weighted Avg. Market Cap	5,756 M
	2022	2023
Price-to-earnings	5.61	5.53
Price-to-book value	1.15	1.04

Source: AltaVista Research, LLC

ETF Risk Stats As of 02/28/23

Versus	Beta
S&P 500	0.32
MSCI EAFE	0.52
MSCI Emg. Mkts	0.57
Standard Deviation	24.40%

Source: AltaVista Research, LLC

ETF Research

China Sector Analysis: Energy

View More Related Research

ETF Documents

Latest Premium / Discount As of 03/23/23

NAV	$15.13
Market Price	$15.13
Premium / (Discount)	$0.00

Current View 2023 Q1 As of 03/23/23

Days at Premium	39
Days at NAV	0
Days at Discount	17
Greatest Premium	1.50%
Greatest Discount	-1.31%

Daily Premium / Discount History As of 03/23/23

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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.

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Read MoreExchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales load. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three- year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

As of 02/28, CHIE was rated against the following numbers of China Region funds over the following time periods: 95 during the last 3 years, 79 during the last 5 years, 52 during the last 10 years. With respect to these China Region funds, CHIE received a Morningstar Rating of 5, 5, and 3 stars, respectively. Past performance is not indicative of future results.

© 2022 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Investing involves risk, including the possible loss of principal. 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. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country and narrowly focused investments may be subject to higher volatility. CHIE 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 MSCI, nor does MSCI 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 MSCI.