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CHIR

MSCI China Real Estate ETF

Overview Prices & Performance Holdings & Characteristics Research Documents

Reasons to Consider CHIR

Targeted Exposure

CHIR is a targeted play on the Real Estate Sector in China – the world's second largest economy by GDP.

ETF Efficiency

In a single trade, CHIR delivers access to dozens of real estate 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 06/05/23

Inception Date	12/07/18
Total Expense Ratio	0.66%
Net Assets	$5.82 million
NAV	$17.65
Fact Sheet

ETF Summary

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

ETF Objective

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

Trading Details As of 06/02/23

Ticker	CHIR
Bloomberg Index Ticker	NU721936
CUSIP	37960A685
ISIN	US37960A6854
Primary Exchange	NYSE Arca
Shares Outstanding	329,879
Number of Holdings	26
30-Day Median Bid-Ask Spread	2.53%

Distributions As of 06/05/23

30-Day SEC Yield	3.40%
Distribution Frequency	Semi-Annually

ETF Prices As of 06/05/23

NAV	$17.65	Daily Change	-$0.16	-0.90%
Market Price	$17.63	Daily Change	-$0.18	-1.01%

As of recent (03/31/23) As of recent (03/31/23)	Fund NAV	Market Price	Index
1 Year	-26.65%	-26.14%	-28.90%
3 Years	-20.93%	-20.60%	-21.39%
Since Inception	-12.98%	-13.07%	-13.18%
1 Year	-35.96%	-37.78%	-38.64%
3 Years	-26.03%	-26.22%	-26.47%
Since Inception	-16.64%	-16.91%	-16.80%
Year-to-Date	-3.84%	-3.27%	-3.65%
1 Month	-2.85%	-3.00%	-2.75%
3 Months	-3.84%	-3.27%	-3.65%
Since Inception	-45.12%	-45.35%	-45.65%
Year-to-Date	-22.49%	-22.84%	-22.26%
1 Month	-17.24%	-19.14%	-17.18%
3 Months	-21.69%	-22.62%	-21.53%
Since Inception	-55.76%	-56.41%	-56.15%

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 ($)	Shares Held	Market Value ($)
10.00	BEKE	KE HOLDINGS INC-ADR	BMBX7M2	15.94	36,527	582,240.38
8.69	1109 HK	CHINA RESOURCES LAND LTD	6193766	4.02	125,900	506,028.94
8.35	960 HK	LONGFOR GROUP HO	B56KLY9	2.17	223,700	485,807.94
8.31	688 HK	CHINA OVERSEAS	6192150	2.14	225,800	483,453.78
6.13	2202 HK	CHINA VANKE CO LTD-H	BN320P8	1.38	258,600	357,021.90
4.53	123 HK	YUEXIU PROPERTY CO LTD	BNR5PB4	1.13	233,326	263,478.68
4.46	600048 C1	POLY DEVELOPME-A	BP3R336	1.90	136,553	259,393.81
4.30	2007 HK	COUNTRY GARDEN	B1VKYN6	0.19	1,344,600	250,486.91
4.26	6098 HK	COUNTRY GARDEN S	BDQZP48	1.16	212,700	247,786.33
4.01	1908 HK	C&D INTERNATIONA	BZBY9R5	2.41	96,900	233,187.11
3.80	3900 HK	GREENTOWN CHINA HOLDINGS	B17N9P6	1.02	216,700	220,924.95
3.55	001979 C2	CHINA MERCHANT-A	BD5CPM8	1.79	115,500	206,744.08
3.54	817 HK	CHINA JINMAO HOL	B23TGR6	0.15	1,344,000	205,787.78
3.27	2869 HK	GREENTOWN SERVIC	BD20C13	0.52	365,100	190,534.76
3.01	000002 C2	CHINA VANKE CO LTD -A	BD5CPW8	2.02	86,700	174,926.34
2.97	900932 CH	SHANG LUJIAZUI-B	6798666	0.61	284,085	173,007.77
2.80	600415 C1	COMMODITIES CI-A	BP3R789	1.29	126,400	162,853.87
2.22	600515 C1	HAINAN AIRPORT I	BK4PYQ4	0.61	211,500	128,967.94
1.88	600383 C1	GEMDALE CORP-A	BP3R3Q9	1.05	103,700	109,129.52
1.87	600606 C1	GREENLAND HOLD-A	BZ3F5X4	0.40	269,000	108,849.50
1.82	601155 C1	SEAZEN HOLDINGS CO LTD-A	BZ3F6M0	2.04	51,800	105,676.41
1.78	600177 C1	YOUNGOR GROUP CO-A	BP3R6R1	0.97	106,300	103,501.87
1.74	600848 C1	SHANGHAI LINGA-A	BK947Q7	1.84	54,900	101,047.44
1.47	002244 C2	HANGZHOU BINJ-A	BD5CHG6	1.20	71,300	85,451.61
0.41	2669 HK	CHINA OVERSEAS P	BYYMZN7	1.01	23,400	23,617.36
0.38	1209 HK	CHINA RESOURCES	BMXWXT6	4.82	4,550	21,916.31
0.36		CASH		1.00	20,858	20,857.55
0.14		CHINESE YUAN RENMINBI		0.14	59,568	8,369.37
0.00		HONG KONG DOLLAR		0.25	0	0.01

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

ETF Characteristics As of 06/02/23

Return on Equity	10.60%
Weighted Avg. Market Cap	3,978 M
	2022	2023
Price-to-earnings	9.26	6.98
Price-to-book value	0.77	0.71

Source: AltaVista Research, LLC

ETF Risk Stats As of 05/31/23

Versus	Beta
S&P 500	-1.31
NASDAQ-100	-1.25
MSCI EAFE	0.68
MSCI Emg. Mkts	1.36
Standard Deviation	117.60%

Source: AltaVista Research, LLC

ETF Research

China Sector Analysis: Real Estate

Why China – and Why Now?

View More Related Research

ETF Documents

Latest Premium / Discount As of 06/05/23

NAV	$17.65
Market Price	$17.63
Premium / (Discount)	($0.01)

Current View 2023 Q2 As of 06/05/23

Days at Premium	14
Days at NAV	0
Days at Discount	30
Greatest Premium	1.80%
Greatest Discount	-2.59%

Daily Premium / Discount History As of 06/05/23

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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.

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. Real estate is highly sensitive to economic conditions and developments, and characterized by intense competition and periodic overbuilding. CHIR 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.

Since the Fund’s shares did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.

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.