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).

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 11/15/19

Key Facts

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

Stats & Fees

Net Assets	$156,915,885
NAV	$17.83
Shares Outstanding	8,800,000
Total Expense Ratio	0.65%

Distributions

30-Day SEC Yield	0.47%
Distribution Frequency	Semi-Annually

Fund Documents

Fund Research

NAV			Price
Net Asset Value	$17.83		Closing Price	$17.85
Daily Change	$0.14	0.77%	Daily Change	$0.18	1.02%

Cumulative % Data as of month end (10/31/19)	Fund NAV	Closing Price	Index
1 Month	9.75%	9.74%	9.87%
3 Months	9.75%	9.94%	6.21%
6 Months	3.36%	2.65%	-0.84%
Since Inception	31.76%	31.06%	39.95%

Avg Annualized % Data as of month end (10/31/19)	Fund NAV	Closing Price	Index
1 Year	34.20%	33.45%	30.82%
3 Years	15.83%	15.75%	15.35%
5 Years	7.56%	7.48%	7.64%
Since Inception	2.82%	2.77%	3.44%

Avg Annualized % Data as of quarter end (9/30/19)	Fund NAV	Closing Price	Index
1 Year	6.99%	7.09%	4.25%
3 Years	11.89%	11.48%	11.41%
5 Years	5.86%	5.73%	5.90%
Since Inception	1.88%	1.82%	2.50%

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.

Fund Characteristics As of 11/14/19

Return on Equity	10.20%
Average Market Cap	$21,359.00 M
	2018	2019
Price-to-earnings	49.58	23.77
Price-to-book value	2.51	2.37

Source: AltaVista Research, LLC

Fund Risk Stats As of 11/14/19

Versus	Beta
S&P 500	1.26
MSCI EAFE	1.38
MSCI Emg. Mkts	1.16
Standard Deviation	22.40%

Source: AltaVista Research, LLC

Net Assets %	Name	Market Price ($)	Shares Held	Market Value ($)
8.50	ALIBABA GRP-ADR	185.49	71,899	13,336,545.51
6.84	JD.COM INC-ADR	33.55	320,057	10,737,912.35
5.66	TAL EDUCATION GROUP- ADR	44.44	199,857	8,881,645.08
5.38	NEW ORIENTAL-ADR	121.47	69,442	8,435,119.74
4.71	YUM CHINA HOLDINGS INC	42.79	172,891	7,398,005.89
4.71	MEITUAN DIANPING-CLASS B	12.37	597,800	7,397,645.15
4.69	TRIP.COM GROUP LTD-ADR	31.14	236,434	7,362,554.76
4.39	PINDUODUO INC-ADR	42.76	160,922	6,881,024.72
4.05	ANTA SPORTS PRODUCTS LTD	9.51	668,296	6,353,013.19
3.97	GEELY AUTOMOBILE	1.89	3,298,300	6,228,773.64
Holdings are subject to change. Cash, where shown, includes other assets and liabilities, such as payables and receivables.

Premium Discount Chart As of 11/15/19

NAV	$17.83
Mid-Point	$17.85
Premium/Discount	$0.02

Current Data As of 11/15/19

	% oF Days	# oF Days
-0.5% to 0.0%	10.98%	18.00
0.0% to 0.50%	4.27%	7.00
Premium	8
NAV	0
Discount	26
Greatest Premium	1.01%
Greatest Discount	-1.92%

Premium Discount / Frequency As of 11/15/19

View Chart Explanation

Download Chart Data (.CSV)

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. 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. Global X NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the Mid-Point between the Bid and Ask price as of the close of exchange. Closing price returns 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.