EDGX

The financial statements include the Fund's disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.

EDGQ is an actively managed covered call ETF seeking a 13% annualized distribution rate by writing call options on a portion of its Nasdaq-100® Index exposure, blending potential income generation with potential capital appreciation. The Fund seeks to pay distributions on a weekly schedule.

QYLG follows a buy-write strategy, buying the stocks in the Nasdaq 100® Index and writing call options on approximately 50% of the portfolio's value in an effort to generate income through option premiums while maintaining partial participation in potential equity upside. The Fund seeks to pay distributions monthly.

XYLG follows a buy-write strategy, buying the stocks in the S&P 500® Index and writing call options on approximately 50% of the portfolio's value in an effort to generate income through option premiums while maintaining partial participation in potential equity upside. The Fund seeks to pay distributions monthly.

EDGX may complement core U.S. equity allocations by seeking to deliver targeted weekly income through an actively managed covered call strategy. By dynamically recalibrating option coverage each week in response to evolving market conditions, the Fund internalizes the tactical decision-making an investor would otherwise manage directly via the convergence of active management and adaptive coverage.

Within the Global X covered call framework, this approach offers investors an additional pathway to pursue equity income while still participating in a portion of the market's upside, bridging active income potential and equity participation in a single structure.

EDGX seeks to provide investors with weekly income. By selling call options, the Fund targets a 9% annualized distribution rate while maintaining exposure to a degree of the market's upside.
 

Portfolio Managers sell call options and dynamically adjust positions based on market conditions seeking to navigate volatility, maintain exposure for potential upside capture to the largest 500 U.S.-listed equities as defined by Solactive, and generate income.

EDGX offers market exposure to the largest 500 U.S.-listed equities as defined by Solactive, while seeking to deliver a consistent weekly distribution schedule through a single, cost-efficient ETF.

¹The annual rate an investor would receive if the most recent fund distribution remained the same going forward. The rate represents a single distribution from the fund and does not represent total return of the fund. The distribution rate is calculated by annualizing the most recent distribution and dividing by the most recent fund NAV.

The Income Edge℠ ETFs use weekly call options and dynamic coverage to target defined annualized distribution rates while maintaining equity exposure.

Our covered call funds seek to offer alternate sources of income, with different risk/return characteristics. Here, we discuss recent developments.

The Premium/Discount chart demonstrates the difference between the daily market price of shares of the Fund and the Fund's net asset value (NAV). The vertical axis of the chart shows the premium or discount of the daily market price as a percentage of the NAV. The horizontal axis shows each trading day in the time period, and each data point in the chart represents the Premium/Discount on that day. The data presented in the chart and table above represent past performance and cannot be used to predict future results.

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.

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.

1. 1

   The annual rate an investor would receive if the most recent fund distribution remained the same going forward. The rate represents a single distribution from the fund and does not represent total return of the fund. The distribution rate is calculated by annualizing the most recent distribution and dividing by the most recent fund NAV. The distribution is estimated to include a return of capital. For information on the breakdown of the distributions, please see the 19a Notice. These do not imply rates for any future distributions.