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CHIU

MSCI China Utilities ETF

Morningstar Rating™ - Overall rating out of 103 China Region funds, based on risk-adjusted returns as of 04/30/2023

Overview Prices & Performance Holdings & Characteristics Research Documents

Reasons to Consider CHIU

Targeted Exposure

CHIU is a targeted play on the Utilities Sector in China – the worlds second largest economy by GDP.

ETF Efficiency

In a single trade, CHIU delivers access to dozens of utilities 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 06/02/23

Inception Date	12/07/18
Total Expense Ratio	0.66%
Net Assets	$2.34 million
NAV	$14.65
Fact Sheet

ETF Summary

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

ETF Objective

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

Trading Details As of 06/01/23

Ticker	CHIU
Bloomberg Index Ticker	NU722095
CUSIP	37954Y517
ISIN	US37954Y5179
Primary Exchange	NYSE Arca
Shares Outstanding	160,002
Number of Holdings	29
30-Day Median Bid-Ask Spread	1.05%

Distributions As of 06/02/23

30-Day SEC Yield	2.47%
Distribution Frequency	Semi-Annually

ETF Prices As of 06/02/23

NAV	$14.65	Daily Change	$0.15	1.03%
Market Price	$14.69	Daily Change	$0.12	0.82%

As of recent (03/31/23) As of recent (03/31/23)	Fund NAV	Market Price	Index
1 Year	-7.18%	-6.90%	-6.53%
3 Years	8.00%	7.99%	8.94%
Since Inception	2.83%	2.69%	3.70%
1 Year	-9.83%	-9.82%	-9.26%
3 Years	6.99%	6.59%	7.92%
Since Inception	2.63%	2.56%	3.49%
Year-to-Date	0.97%	0.77%	1.12%
1 Month	0.35%	0.14%	0.41%
3 Months	0.97%	0.77%	1.12%
Since Inception	12.81%	12.14%	16.98%
Year-to-Date	0.56%	0.63%	0.80%
1 Month	-1.76%	-1.90%	-1.70%
3 Months	-0.07%	0.00%	0.09%
Since Inception	12.34%	11.98%	16.61%

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 ($)	Shares Held	Market Value ($)
8.62	836 HK	CHINA RES POWER	6711566	2.34	86,359	202,086.68
8.52	600900 C1	CHINA YANGTZE-A	BP3R2M8	3.15	63,500	199,831.59
8.09	2688 HK	ENN ENERGY HOLDINGS LTD	6333937	12.64	14,999	189,560.37
7.09	916 HK	CHINA LONGYUAN-H	B4Q2TX3	1.10	150,529	166,329.33
6.27	384 HK	CHINA GAS HOLDINGS LTD	6460794	1.20	122,790	147,115.81
5.13	135 HK	KUNLUN ENERGY CO LTD	6340078	0.76	157,946	120,170.24
4.48	270 HK	GUANGDONG INVESTMENT LTD	6913168	0.89	118,160	105,083.38
4.46	1193 HK	CHINA RES GAS	6535517	3.57	29,320	104,562.64
4.27	392 HK	BEIJING ENTERPRISES HLDGS	6081690	3.93	25,479	100,129.92
4.21	902 HK	HUANENG POWER INTL INC-H	6099671	0.63	156,406	98,784.63
4.21	1816 HK	CGN POWER CO LTD-H	BSBMM04	0.24	402,500	98,604.76
4.10	2380 HK	CHINA POWER INTERNATIONAL	B02ZKQ8	0.38	251,812	96,067.92
3.52	600905 C1	CHINA THREE GO-A	BP91P36	0.76	107,900	82,418.07
3.14	601985 C1	CHINA NATIONAL-A	BYQDNJ0	0.98	75,300	73,541.06
2.98	371 HK	BJ ENT WATER	B01YCG0	0.26	272,100	69,783.92
2.22	600795 C1	GD POWER DEVEL-A	BP3R3J2	0.56	92,300	52,031.15
2.09	600674 C1	SICHUAN CHUAN-A	BP3R4Y4	2.06	23,700	48,931.40
2.07	600027 C1	HUADIAN POWER INTL CORP-A	BP3R637	0.96	50,600	48,491.00
1.88	600886 C1	SDIC POWER HOL-A	BP3R433	1.77	24,900	44,074.83
1.65	601991 C1	DATANG INTL PO-A	BP3R3W5	0.50	76,900	38,581.40
1.64	600021 C1	SHANGHAI ELECT-A	BP3R9L6	1.59	24,100	38,345.35
1.61	000027 C2	SHENZHEN ENERG-A	BD5CN68	0.96	39,380	37,849.64
1.53	000591 C2	CECEP SOLAR EN-A	BD5LQM2	0.99	36,500	35,956.03
1.46	601016 C1	CECEP WIND POWER CORP-A	BZ0D1V1	0.54	63,100	34,147.76
1.30	600023 C1	ZHEJIANG ZHENE-A	BS7K3K9	0.70	43,600	30,353.94
0.93	600642 C1	SHENERGY CO LT-A	BP3R5V8	0.95	22,800	21,721.17
0.92	600157 C1	WINTIME ENERGY G	BP3R1P4	0.21	103,200	21,670.44
0.67	600011 C1	HUANENG POWER INTL INC-A	BP3R314	1.39	11,300	15,718.00
0.64		CASH		1.00	14,883	14,883.36
0.34	600803 C1	ENN NATURAL GAS CO LTD-A	BYYFJJ0	2.72	2,900	7,875.56
0.00		HONG KONG DOLLAR		0.00	0	0.00

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

ETF Characteristics As of 06/01/23

Return on Equity	10.60%
Weighted Avg. Market Cap	8,438 M
	2022	2023
Price-to-earnings	14.57	8.95
Price-to-book value	0.98	0.93

Source: AltaVista Research, LLC

ETF Risk Stats As of 05/31/23

Versus	Beta
S&P 500	0.37
NASDAQ-100	0.22
MSCI EAFE	0.70
MSCI Emg. Mkts	0.88
Standard Deviation	26.40%

Source: AltaVista Research, LLC

ETF Research

Q&A with MSCI on China Sectors

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ETF Documents

Latest Premium / Discount As of 06/02/23

NAV	$14.65
Market Price	$14.69
Premium / (Discount)	$0.03

Current View 2023 Q2 As of 06/02/23

Days at Premium	9
Days at NAV	0
Days at Discount	34
Greatest Premium	0.46%
Greatest Discount	-1.19%

Daily Premium / Discount History As of 06/02/23

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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 04/30, CHIU was rated against the following number of China Region funds over the following time periods: 103 during the last 3 years. With respect to these China Region funds, CHIU received a Morningstar Rating of 4 stars. 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. CHIU 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.