CHIQ

MSCI China Consumer Discretionary ETF

Morningstar Rating™ - Overall rating out of 87 China Region funds, based on risk-adjusted returns as of 09/30/2021

Overview Prices & Performance Holdings & Characteristics Research Documents

Reasons to Consider 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.

Key Information As of 10/21/21

Inception Date	11/30/09
Total Expense Ratio	0.65%
Net Assets	$674.07 million
NAV	$31.08
Fact Sheet

ETF 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).

ETF 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.

Trading Details As of 10/21/21

Ticker	CHIQ
Bloomberg Index Ticker	NU722069
CUSIP	37950E408
ISIN	US37950E4089
Primary Exchange	NYSE Arca
Shares Outstanding	21,690,000
Number of Holdings	84
30-Day Median Bid-Ask Spread	0.14%

Distributions As of 10/21/21

30-Day SEC Yield	-0.17%
Distribution Frequency	Semi-Annually

ETF Prices As of 10/21/21

NAV	$31.08	Daily Change	-$0.24	-0.77%
Market Price	$31.05	Daily Change	-$0.16	-0.51%

As of recent month & quarter-end (09/30/21) As of recent month & quarter-end (09/30/21)	Fund NAV	Market Price	Index
1 Year	2.92%	2.14%	2.79%
3 Years	23.45%	23.67%	23.94%
5 Years	19.76%	19.60%	20.35%
10 Years	9.50%	9.93%	10.10%
Since Inception	6.52%	6.51%	7.09%
1 Year	2.92%	2.14%	2.79%
3 Years	23.45%	23.67%	23.94%
5 Years	19.76%	19.60%	20.35%
10 Years	9.50%	9.93%	10.10%
Since Inception	6.52%	6.51%	7.09%
Year-to-Date	-21.61%	-21.19%	-21.79%
1 Month	-8.69%	-8.13%	-8.79%
3 Months	-20.53%	-20.72%	-20.35%
Since Inception	111.10%	110.96%	125.15%
Year-to-Date	-21.61%	-21.19%	-21.79%
1 Month	-8.69%	-8.13%	-8.79%
3 Months	-20.53%	-20.72%	-20.35%
Since Inception	111.10%	110.96%	125.15%

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.

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
11.63	3690 HK	MEITUAN-CLASS B	BGJW376	37.10	2,113,050	78,389,464.95
8.77	9988 HK	ALIBABA GROUP HOLDING LTD	BK6YZP5	22.37	2,642,956	59,121,056.39
8.05	JD	JD.COM INC-ADR	BMM27D9	83.97	646,019	54,246,215.43
6.21	NIO	NIO INC - ADR	BFZX9H8	39.97	1,046,750	41,838,597.50
4.82	PDD	PINDUODUO INC-ADR	BYVW0F7	97.15	334,632	32,509,498.80
3.95	1211 HK	BYD CO LTD-H	6536651	36.27	733,930	26,622,964.86
3.54	2331 HK	LI NING CO LTD	B01JCK9	11.56	2,062,100	23,846,359.36
3.53	YUMC	YUM CHINA HOLDINGS INC	BYW4289	60.64	392,399	23,795,075.36
2.92	175 HK	GEELY AUTOMOBILE	6531827	3.36	5,859,500	19,672,236.48
2.70	2313 HK	SHENZHOU INTL GP	B0MP1B0	22.05	826,192	18,215,641.63
2.57	2020 HK	ANTA SPORTS PRODUCTS LTD	B1YVKN8	16.77	1,032,396	17,317,156.23
2.44	XPEV	XPENG INC - ADR	BMXR2T4	43.50	377,511	16,421,728.50
2.39	TCOM	TRIP.COM GROUP LTD-ADR	BK1K3N2	31.20	516,152	16,103,942.40
2.33	LI	LI AUTO INC - ADR	BMXHCD8	32.04	489,920	15,697,036.80
2.29	2333 HK	GREAT WALL MOT-H	6718255	4.31	3,585,297	15,449,791.23
1.72	HTHT	HUAZHU GROUP LTD-ADR	BFMFKK7	48.55	238,955	11,601,265.25
1.45	881 HK	ZHONGSHENG GROUP HOLDINGS	B633D97	9.09	1,078,000	9,796,785.46
1.35	002594 C2	BYD CO LTD -A	BD5CQ69	44.93	202,549	9,100,935.16
1.31	6690 HK	HAIER SMART HOME CO LTD-H	BLD4QD0	3.49	2,525,960	8,805,386.64
1.27	601888 C1	CHINA TOURISM-A	BP3R466	40.23	211,950	8,527,572.74
1.22	3606 HK	FUYAO GLASS IN-H	BWGCFG4	5.92	1,384,200	8,190,479.87
1.16	1268 HK	CHINA MEIDONG AU	BH0VXF7	5.39	1,446,000	7,793,543.91
1.09	VIPS	VIPSHOP HOLD-ADR	B3N0H17	12.78	576,073	7,362,212.94
1.06	3998 HK	BOSIDENG INTL HLDGS LTD	B24FZ32	0.81	8,813,600	7,108,427.65
0.96	2238 HK	GUANGZHOU AUTO-H	B433995	0.95	6,834,923	6,470,891.40
0.94	489 HK	DONGFENG MOTOR-H	B0PH5N3	0.96	6,605,246	6,312,922.84
0.91	425 HK	MINTH GROUP LTD	B0RJCG9	4.09	1,493,600	6,109,618.54
0.86	780 HK	TONGCHENG-ELONG	BGM5R25	2.39	2,436,000	5,815,779.42
0.86	6862 HK	HAIDILAO INTERNA	BGN9715	3.80	1,522,400	5,786,806.10
0.72	6618 HK	JD HEALTH INTERN	BMW8R04	9.91	486,070	4,817,526.71
0.71	EDU	NEW ORIENTAL-ADR	B1CN1G6	2.41	1,992,655	4,802,298.55
0.71	1585 HK	YADEA GROUP HOLDINGS LTD	BZ04KX9	1.72	2,776,100	4,763,691.25
0.64	000333 C2	MIDEA GROUP CO LTD-A	BD5CPP1	10.91	396,200	4,321,967.55
0.63	839 HK	CHINA EDUCATION	BF13433	1.96	2,151,500	4,217,732.07
0.61	600104 C1	SAIC MOTOR CORP LTD-A	BP3R2D9	3.28	1,258,500	4,133,496.67
0.61	600690 C1	HAIER SMART HOME CO LTD-A	BP3R3G9	4.04	1,011,019	4,081,967.55
0.59	6110 HK	TOPSPORTS INTERN	BJRFW26	1.18	3,364,200	3,959,638.80
0.55	9922 HK	JIUMAOJIU INTERN	BLBFH65	2.76	1,353,000	3,733,169.97
0.52	493 HK	GOME RETAIL HOLDINGS LTD	B01Z8S7	0.11	31,463,800	3,480,665.55
0.51	601633 C1	GREAT WALL MOTOR CO LTD-A	BP3R325	9.53	362,900	3,458,760.58
0.45	BZUN	BAOZUN INC-SPN ADR	BY2ZJ69	19.53	155,859	3,043,926.27
0.45	TAL	TAL EDUCATION GROUP- ADR	B4MGD82	4.89	619,527	3,029,487.03
0.45	DADA	DADA NEXUS LTD-ADR	BMH5F39	23.20	129,577	3,006,186.40
0.44	000625 C2	CHONGQING CHAN-A	BD5CP62	2.98	1,000,276	2,984,706.51
0.37	6169 HK	CHINA YUHUA EDUC	BYWPGC4	0.64	3,938,200	2,522,782.33
0.37	600660 C1	FUYAO GLASS-A	BP3R6K4	7.73	323,214	2,499,631.57
0.35	1114 HK	BRILLIANCE CHINA	6181482	0.31	7,607,900	2,348,804.14
0.34	000100 C2	TCL TECHNOLOGY-A	BD5CP28	0.98	2,374,505	2,319,618.51
0.34	600741 C1	HUAYU AUTOM-A	BP3R4T9	4.13	549,080	2,269,334.11
0.29	603486 C1	ECOVACS ROBOTICS CO LTD-A	BDFWW61	25.51	76,100	1,941,561.76
0.28	136 HK	HENGTEN NETW-PAR	BMDMJ87	0.37	5,133,900	1,888,713.60
0.25	603833 C1	OPPEIN HOME GROUP INC-A	BFF1YZ5	20.67	81,205	1,678,345.57
0.25	601799 C1	CHANGZHOU XING-A	BS7K3D2	33.29	50,030	1,665,303.92
0.25	667 HK	CHINA EAST EDUCA	BJGSS62	1.11	1,485,600	1,649,169.74
0.23	688169 C1	BEIJING ROBORO-A	BNR4NT5	139.88	11,091	1,551,401.30
0.22	000069 C2	SHENZHEN OVERS-A	BD5CP51	1.11	1,333,900	1,476,391.63
0.22	601966 C1	SHANDONG LINGL-A	BYW5N12	6.30	232,834	1,467,138.70
0.19	601689 C1	NINGBO TUOPU G-A	BYQDMF9	7.40	174,535	1,291,323.74
0.19	GOTU	GAOTU TECHEDU INC	BK1VBN1	3.60	354,824	1,277,366.40
0.19	002920 C2	HUIZHOU DESAY -A	BFY8GX9	15.17	82,500	1,251,258.29
0.18	600754 C1	SHANGHAI JINJI-A	BP3RD03	7.96	154,056	1,226,389.61
0.18	002024 C2	SUNING.COM CO LTD-A	BD5CPK6	0.74	1,605,100	1,186,049.96
0.17	002625 C2	KUANG-CHI TECH-A	BD5CBF3	3.18	354,900	1,128,986.09
0.17	603816 C1	JASON FURNITUR-A	BYW5R09	9.83	112,900	1,109,619.66
0.16	601058 C1	SAILUN GROUP CO LTD-A	BP3RFY1	2.11	500,553	1,054,760.89
0.15	600739 C1	LIAONING CHENG-A	BP3R5Z2	3.81	266,513	1,016,376.40
0.14	300144 C2	SONGCHENG PERF-A	BD5CMV6	2.22	427,880	947,844.98
0.13	002444 C2	HANG ZHOU GREA-A	BD5CG70	4.83	185,900	898,410.68
0.13	600704 C1	WUCHAN ZHONGDA-A	BP3RFD0	1.00	871,200	872,884.39
0.12	000800 C2	FAW Jiefang Group Co., L	BD5CLN1	1.70	490,300	834,353.95
0.12		CASH		0.90	920,726	829,372.01
0.12	002508 C2	HANGZHOU ROBAM-A	BD5CGX6	5.19	159,132	825,349.41
0.12	600859 C1	WANGFUJING GROUP CO LTD-A	BP3RC28	5.00	162,600	813,299.10
0.12	600655 C1	SHANGHAI YUYUA-A	BP3R8V9	1.60	498,828	800,448.83
0.11	002405 C2	NAVINFO CO LTD-A	BD5CKR8	1.81	392,700	709,456.22
0.10	002032 C2	ZHEJIANG SUPOR CO LTD -A	BD5M227	7.12	94,626	673,587.97
0.10	600699 C1	NINGBO JOYSON -A	BYQDM82	3.05	220,300	671,834.56
0.10	002607 C2	OFFCN EDUCATIO-A	BHQPRN9	1.73	368,902	639,896.39
0.08	002429 C2	SHENZHEN MTC CO LTD -A	BD5CFV7	0.74	709,100	523,972.35
0.07	002925 C2	XIAMEN INTRETECH INC-A	BDC41P2	5.35	89,340	478,053.93
0.07	002242 C2	JOYOUNG CO LTD -A	BD5CCS3	3.48	131,300	457,149.66
0.06	002705 C2	GUANGDONG XINB-A	BHRV3N8	3.26	132,000	430,036.09
0.06	000581 C2	WEIFU HIGH-TEC-A	BD5CJP9	3.30	129,600	427,492.43
0.06	002563 C2	ZHEJIANG SEMIR-A	BD5CM83	1.18	327,987	387,670.25
0.02	002572 C2	SUOFEIYA HOME-A	BD5CFM8	2.66	60,500	160,919.12

Holdings are subject to change.

ETF Characteristics As of 10/21/21

Return on Equity	6.90%
Weighted Avg. Market Cap	77,953 M
	2020	2021
Price-to-earnings	33.14	28.02
Price-to-book value	2.00	1.89

Source: AltaVista Research, LLC

ETF Risk Stats As of 10/21/21

Versus	Beta
S&P 500	0.93
MSCI EAFE	0.95
MSCI Emg. Mkts	1.09
Standard Deviation	28.90%

Source: AltaVista Research, LLC

ETF Research

China Sector Analysis: China Consumer Discretionary

China Sector Report Q4 2020

Q&A with MSCI on China Sectors

View More Related Research

ETF Documents

Latest Premium / Discount As of 10/21/21

NAV	$31.08
Market Price	$31.05
Premium / (Discount)	($0.03)

Current View 2021 Q4 As of 10/21/21

Days at Premium	6
Days at NAV	0
Days at Discount	9
Greatest Premium	0.90%
Greatest Discount	-1.50%

Daily Premium / Discount History As of 10/21/21

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.

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 9/30, CHIQ was rated against the following numbers of China Region funds over the following time periods: 87 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 4, 5, and 3 stars, respectively. Past performance is not indicative of future results.

© 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.

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.