CHIQ

MSCI China Consumer Discretionary ETF

Fund Summary

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

Overall rating out of 84 China Region funds, based on risk-adjusted returns as of 06/30/2021

Fund Objective

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

Why CHIQ?

Targeted Exposure

CHIQ is a targeted play on the Consumer Discretionary Sector in China – the world's second largest economy by GDP.

ETF Efficiency

In a single trade, CHIQ delivers access to dozens of consumer discretionary 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.

Fund Details As of 07/23/21

Key Facts

Ticker	CHIQ
Inception Date	11/30/09
CUSIP	37950E408
ISIN	US37950E4089
Bloomberg Index Ticker	NU722069
Primary Exchange	NYSE Arca
Number of Holdings	83

Stats & Fees

Net Assets	$794,602,327
Net Asset Value (NAV)	$31.48
Shares Outstanding	25,240,000
Total Expense Ratio	0.65%

Distributions

30-Day SEC Yield	N/A
Distribution Frequency	Semi-Annually

Fund Documents

Fund Research

Fund Prices As of 07/23/21

NAV	$31.48	Daily Change	-$1.41	-4.28%
Market Price	$31.13	Daily Change	-$1.70	-5.18%
30-Day Median Bid-Ask Spread	0.12%

As of recent month & quarter-end (06/30/21) As of recent month & quarter-end (06/30/21)	Fund NAV	Market Price	Index
1 Year	68.54%	69.50%	68.25%
3 Years	26.94%	27.33%	27.41%
5 Years	28.29%	28.27%	28.93%
10 Years	8.52%	8.41%	9.12%
Since Inception	8.80%	8.82%	9.38%
1 Year	68.54%	69.50%	68.25%
3 Years	26.94%	27.33%	27.41%
5 Years	28.29%	28.27%	28.93%
10 Years	8.52%	8.41%	9.12%
Since Inception	8.80%	8.82%	9.38%
Year-to-Date	-1.37%	-0.59%	-1.81%
1 Month	6.93%	6.50%	4.71%
3 Months	6.35%	5.65%	5.62%
Since Inception	165.63%	166.10%	182.67%
Year-to-Date	-1.37%	-0.59%	-1.81%
1 Month	6.93%	6.50%	4.71%
3 Months	6.35%	5.65%	5.62%
Since Inception	165.63%	166.10%	182.67%

The Fund investment objective and investment strategies changed effective December 6, 2018. Index performance reflects the performance of the Solactive China Consumer Total Return Index through December 4, 2018, and the MSCI China Consumer Discretionary 10/50 Index thereafter.

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 of the Fund, when observed, is unusual and investors should not expect such performance to be repeated.

Fund Characteristics As of 07/23/21

Return on Equity	7.10%
Weighted Avg. Market Cap	105,000 M
	2020	2021
Price-to-earnings	33.82	24.84
Price-to-book value	1.83	1.72

Source: AltaVista Research, LLC

Fund Risk Stats As of 07/23/21

Versus	Beta
S&P 500	0.89
MSCI EAFE	0.92
MSCI Emg. Mkts	1.02
Standard Deviation	27.30%

Source: AltaVista Research, LLC

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
9.64	3690 HK	MEITUAN-CLASS B	BGJW376	35.16	2,177,350	76,565,907.47
8.98	9988 HK	ALIBABA GROUP HOLDING LTD	BK6YZP5	26.41	2,700,956	71,338,070.60
6.77	NIO	NIO INC - ADR	BFZX9H8	43.99	1,222,409	53,773,771.91
6.77	JD	JD.COM INC-ADR	BMM27D9	72.29	743,605	53,755,205.45
4.54	PDD	PINDUODUO INC-ADR	BYVW0F7	97.31	370,778	36,080,407.18
3.80	YUMC	YUM CHINA HOLDINGS INC	BYW4289	66.16	456,568	30,206,538.88
3.63	2331 HK	LI NING CO LTD	B01JCK9	10.79	2,673,700	28,856,405.78
3.60	1211 HK	BYD CO LTD-H	6536651	29.24	978,530	28,616,002.52
3.52	2020 HK	ANTA SPORTS PRODUCTS LTD	B1YVKN8	21.86	1,279,896	27,972,988.14
3.09	2333 HK	GREAT WALL MOT-H	6718255	4.40	5,581,197	24,568,574.09
3.02	175 HK	GEELY AUTOMOBILE	6531827	3.05	7,854,400	23,960,057.41
2.74	2313 HK	SHENZHOU INTL GP	B0MP1B0	21.68	1,003,592	21,753,331.16
2.27	XPEV	XPENG INC - ADR	BMXR2T4	41.00	439,550	18,021,550.00
2.06	TCOM	TRIP.COM GROUP LTD-ADR	BK1K3N2	27.23	600,556	16,353,139.88
1.91	LI	LI AUTO INC - ADR	BMXHCD8	30.28	500,864	15,166,161.92
1.70	881 HK	ZHONGSHENG GROUP HOLDINGS	B633D97	9.38	1,440,100	13,503,573.11
1.65	HTHT	HUAZHU GROUP LTD-ADR	BFMFKK7	47.10	278,005	13,094,035.50
1.59	002594 C2	BYD CO LTD -A	BD5CQ69	39.88	315,899	12,598,847.27
1.55	3606 HK	FUYAO GLASS IN-H	BWGCFG4	6.76	1,817,100	12,279,045.97
1.44	VIPS	VIPSHOP HOLD-ADR	B3N0H17	17.06	670,248	11,434,430.88
1.36	6690 HK	HAIER SMART HOME CO LTD-H	BLD4QD0	3.66	2,951,960	10,790,841.21
1.33	601888 C1	CHINA TOURISM-A	BP3R466	42.81	247,450	10,593,799.92
1.27	1268 HK	CHINA MEIDONG AU	BH0VXF7	5.82	1,740,500	10,126,024.08
1.20	6862 HK	HAIDILAO INTERNA	BGN9715	5.36	1,770,900	9,493,700.73
0.92	2238 HK	GUANGZHOU AUTO-H	B433995	0.91	8,082,923	7,345,132.53
0.92	425 HK	MINTH GROUP LTD	B0RJCG9	4.11	1,786,100	7,333,696.74
0.91	6618 HK	JD HEALTH INTERN	BMW8R04	13.00	557,070	7,241,985.29
0.86	489 HK	DONGFENG MOTOR-H	B0PH5N3	0.89	7,680,246	6,811,156.30
0.84	780 HK	TONGCHENG-ELONG	BGM5R25	2.35	2,826,500	6,643,183.62
0.81	3998 HK	BOSIDENG INTL HLDGS LTD	B24FZ32	0.61	10,537,100	6,455,866.60
0.79	1585 HK	YADEA GROUP HOLDINGS LTD	BZ04KX9	1.93	3,237,600	6,250,876.87
0.75	9922 HK	JIUMAOJIU INTERN	BLBFH65	3.82	1,566,000	5,986,523.62
0.70	6110 HK	TOPSPORTS INTERN	BJRFW26	1.41	3,932,200	5,525,269.53
0.67	EDU	NEW ORIENTAL-ADR	B1CN1G6	2.93	1,818,441	5,328,032.13
0.64	839 HK	CHINA EDUCATION	BF13433	1.97	2,589,500	5,106,239.42
0.63	600690 C1	HAIER SMART HOME CO LTD-A	BP3R3G9	4.05	1,231,919	4,983,858.37
0.61	600104 C1	SAIC MOTOR CORP LTD-A	BP3R2D9	3.19	1,527,700	4,875,600.71
0.61	000333 C2	MIDEA GROUP CO LTD-A	BD5CPP1	10.32	467,200	4,823,230.16
0.60	BZUN	BAOZUN INC-SPN ADR	BY2ZJ69	26.52	180,809	4,795,054.68
0.58	1114 HK	BRILLIANCE CHINA	6181482	0.60	7,607,900	4,576,206.96
0.56	493 HK	GOME RETAIL HOLDINGS LTD	B01Z8S7	0.12	36,638,200	4,480,064.10
0.46	601633 C1	GREAT WALL MOTOR CO LTD-A	BP3R325	8.47	433,900	3,676,013.14
0.45	DADA	DADA NEXUS LTD-ADR	BMH5F39	23.47	151,041	3,544,932.27
0.44	000625 C2	CHONGQING CHAN-A	BD5CP62	3.00	1,164,776	3,498,251.86
0.41	000100 C2	TCL TECHNOLOGY-A	BD5CP28	1.19	2,765,005	3,286,775.24
0.38	600660 C1	FUYAO GLASS-A	BP3R6K4	7.58	400,414	3,036,109.89
0.35	603486 C1	ECOVACS ROBOTICS CO LTD-A	BDFWW61	29.33	93,850	2,752,246.51
0.34	6169 HK	CHINA YUHUA EDUC	BYWPGC4	0.74	3,709,900	2,736,171.52
0.32	TAL	TAL EDUCATION GROUP- ADR	B4MGD82	6.00	426,113	2,556,678.00
0.27	603833 C1	OPPEIN HOME GROUP INC-A	BFF1YZ5	21.89	98,955	2,166,435.66
0.27	136 HK	HENGTEN NETW-PAR	BMDMJ87	0.48	4,422,200	2,123,115.91
0.26	667 HK	CHINA EAST EDUCA	BJGSS62	1.18	1,734,100	2,042,310.29
0.25	600741 C1	HUAYU AUTOM-A	BP3R4T9	3.37	581,780	1,959,882.05
0.22	000069 C2	SHENZHEN OVERS-A	BD5CP51	1.10	1,546,900	1,705,249.73
0.21	601799 C1	CHANGZHOU XING-A	BS7K3D2	33.78	50,030	1,689,868.63
0.20	601966 C1	SHANDONG LINGL-A	BYW5N12	5.91	268,334	1,585,748.22
0.19	002024 C2	SUNING.COM CO LTD-A	BD5CPK6	0.91	1,692,500	1,542,182.84
0.19		CASH		0.99	1,535,039	1,526,304.31
0.18	002920 C2	HUIZHOU DESAY -A	BFY8GX9	17.40	82,500	1,435,661.92
0.18	002625 C2	KUANG-CHI TECH-A	BD5CBF3	3.31	425,900	1,411,119.40
0.18	600754 C1	SHANGHAI JINJI-A	BP3RD03	7.34	189,556	1,392,287.73
0.16	002508 C2	HANGZHOU ROBAM-A	BD5CGX6	6.57	197,932	1,300,921.39
0.16	603816 C1	JASON FURNITUR-A	BYW5R09	10.90	112,900	1,230,645.77
0.15	300144 C2	SONGCHENG PERF-A	BD5CMV6	2.43	498,880	1,212,962.84
0.14	600699 C1	NINGBO JOYSON -A	BYQDM82	4.21	255,800	1,076,670.70
0.13	002444 C2	HANG ZHOU GREA-A	BD5CG70	4.66	221,400	1,030,870.87
0.13	601689 C1	NINGBO TUOPU G-A	BYQDMF9	4.89	210,035	1,026,527.62
0.13	002607 C2	OFFCN EDUCATIO-A	BHQPRN9	2.31	439,902	1,014,628.92
0.12	600655 C1	SHANGHAI YUYUA-A	BP3R8V9	1.68	586,228	982,462.11
0.12	000800 C2	FAW Jiefang Group Co., L	BD5CLN1	1.69	561,300	950,204.52
0.12	002405 C2	NAVINFO CO LTD-A	BD5CKR8	2.01	463,700	931,539.38
0.11	600739 C1	LIAONING CHENG-A	BP3R5Z2	3.15	268,613	846,501.29
0.11	600704 C1	WUCHAN ZHONGDA-A	BP3RFD0	0.95	874,500	834,584.22
0.10	002429 C2	SHENZHEN MTC CO LTD -A	BD5CFV7	0.97	832,000	809,417.13
0.10	002032 C2	ZHEJIANG SUPOR CO LTD -A	BD5M227	8.54	94,626	808,239.28
0.10	601058 C1	SAILUN GROUP CO LTD-A	BP3RFY1	1.40	571,553	802,776.39
0.09	600859 C1	WANGFUJING GROUP CO LTD-A	BP3RC28	4.32	167,900	725,852.56
0.09	GOTU	GAOTU TECHEDU INC	BK1VBN1	3.52	194,139	683,369.28
0.08	002242 C2	JOYOUNG CO LTD -A	BD5CCS3	3.86	166,800	644,461.27
0.08	002925 C2	XIAMEN INTRETECH INC-A	BDC41P2	6.09	105,740	643,955.87
0.08	002563 C2	ZHEJIANG SEMIR-A	BD5CM83	1.56	398,987	621,297.82
0.07	002705 C2	GUANGDONG XINB-A	BHRV3N8	3.36	167,500	562,977.47
0.07	000581 C2	WEIFU HIGH-TEC-A	BD5CJP9	3.24	165,100	535,056.31
0.02	002572 C2	SUOFEIYA HOME-A	BD5CFM8	3.22	60,500	194,669.33

Holdings are subject to change.

Latest Premium / Discount As of 07/23/21

NAV	$31.48
Market Price	$31.13
Premium / (Discount)	($0.35)

Current View 2021 Q3 As of 07/23/21

Days at Premium	5
Days at NAV	0
Days at Discount	11
Greatest Premium	1.20%
Greatest Discount	-1.12%

Daily Premium / Discount History As of 07/23/21

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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.

© 2020 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.

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. Exchange-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 6/30, CHIQ was rated against the following numbers of China Region funds over the following time periods: 84 during the last 3 years, 72 during the last 5 years, 53 during the last 10 years. With respect to these China Region funds, CHIQ received a Morningstar Rating of 5, 5, and 3 stars, respectively. Past performance is not indicative 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. CHIQ 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.