EWEB

Emerging Markets Internet & E-commerce ETF

Overview Prices & Performance Holdings & Characteristics Research Documents

Reasons to Consider EWEB

High Growth Potential

By 2025, a forecasted 70% of the global population will have a mobile internet subscription, with new subscribers mostly coming from emerging markets.¹

New Consumer Preferences

The pandemic forced many businesses to offer goods and services online for the first time, which has shifted consumer expectations and expanded the domain of Internet and E-commerce companies.²

Structural Tailwinds

Innovative Internet and E-commerce companies are sprouting up across the world. EWEB looks beyond Silicon Valley and other household names, targeting those positioned to capitalize from untapped growth in emerging markets.

¹Nasdaq, Nov 2020
²McKinsey, Oct 2020

Key Information As of 09/22/22

Inception Date	11/09/20
Total Expense Ratio	0.65%
Net Assets	$2.36 million
NAV	$6.56
Fact Sheet

ETF Summary

The Global X Emerging Markets Internet & E-commerce ETF (EWEB) seeks to invest in companies positioned to benefit from the increased adoption of Internet and E-commerce technologies in emerging markets.

ETF Objective

The Global X Emerging Markets Internet & E-commerce ETF (EWEB) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Nasdaq CTA Emerging Markets Internet & E-commerce Net Total Return Index.

Trading Details As of 09/22/22

Ticker	EWEB
Bloomberg Index Ticker	QNETEMNR
CUSIP	37954Y244
ISIN	US37954Y2440
Primary Exchange	Nasdaq
Shares Outstanding	360,000
Number of Holdings	39
30-Day Median Bid-Ask Spread	0.85%

Distributions As of 09/22/22

30-Day SEC Yield	0.00%
Distribution Frequency	Semi-Annually

ETF Prices As of 09/22/22

NAV	$6.56	Daily Change	-$0.10	-1.46%
Market Price	$6.57	Daily Change	-$0.09	-1.35%

As of recent (06/30/22) As of recent (06/30/22)	Fund NAV	Market Price	Index
1 Year	-51.27%	-51.40%	-51.10%
Since Inception	-33.30%	-33.52%	-33.01%
1 Year	-42.19%	-42.09%	-41.95%
Since Inception	-31.17%	-31.58%	-30.83%
Year-to-Date	-23.45%	-23.62%	-23.47%
1 Month	2.52%	3.37%	2.52%
3 Months	-2.84%	-2.36%	-2.31%
Since Inception	-48.50%	-48.77%	-48.12%
Year-to-Date	-24.35%	-24.93%	-24.25%
1 Month	5.34%	4.51%	5.46%
3 Months	1.30%	1.59%	1.48%
Since Inception	-49.11%	-49.65%	-48.65%

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 ($)	Shares Held	Market Value ($)
8.04	PDD	PINDUODUO INC-ADR	BYVW0F7	63.46	2,995	190,062.70
7.85	3690 HK	MEITUAN-CLASS B	BGJW376	21.01	8,830	185,498.06
7.75	700 HK	TENCENT HOLDINGS LTD	BMMV2K8	36.05	5,080	183,150.52
7.64	BABA	ALIBABA GRP-ADR	BP41ZD1	80.71	2,238	180,628.98
7.61	JD	JD.COM INC-ADR	BMM27D9	53.47	3,363	179,819.61
4.59	NU	NU HOLDINGS LT-A	BN6NP19	4.98	21,787	108,499.26
4.50	TCOM	TRIP.COM GROUP LTD-ADR	BK1K3N2	25.60	4,151	106,265.60
4.50	MELI	MERCADOLIBRE INC	B23X1H3	850.00	125	106,250.00
4.48	CPNG	COUPANG INC	BNYHDF3	16.75	6,317	105,809.75
4.09	NPN SJ	NASPERS LTD-N SHS	6622691	128.74	750	96,557.06
4.03	NTES	NETEASE INC-ADR	2606440	78.95	1,206	95,213.70
3.73	BIDU	BAIDU INC - SPON ADR	B0FXT17	118.82	741	88,045.62
3.68	035420 KS	NAVER CORP	6560393	146.32	595	87,059.80
3.58	035720 KS	KAKAO CORP	6194037	43.44	1,945	84,481.33
2.60	XP	XP INC - CLASS A	BK4Y052	19.70	3,114	61,345.80
1.69	BILI	BILIBILI INC-ADR	BFNLRN6	16.45	2,422	39,841.90
1.60	VIPS	VIPSHOP HOLD-ADR	B3N0H17	9.46	3,995	37,792.70
1.45	259960 KS	KRAFTON INC	BMBP900	153.40	224	34,362.64
1.34	696 HK	TRAVELSKY TECH-H	6321954	1.60	19,850	31,660.87
1.26	WB	WEIBO CORP-SPON ADR	BLLJ4H7	18.46	1,617	29,849.82
1.11	268 HK	KINGDEE INTL SFT	6327587	1.52	17,250	26,283.20
1.11	DLO	DLOCAL LTD	BKVF490	23.29	1,121	26,108.09
1.05	ATHM	AUTOHOME INC-ADR	BH5QGR0	31.13	798	24,841.74
0.96	036570 KS	NCSOFT CORP	6264189	245.87	92	22,620.28
0.90	TME	TENCENT MUSI-ADR	BFZYWR2	4.23	5,051	21,365.73
0.86	MGLU3 BZ	MAGAZINE LUIZA SA	B4975P9	0.89	22,849	20,280.83
0.85	PAGS	PAGSEGURO DIGI-A	BFWK4R7	14.06	1,423	20,007.38
0.79	STNE	STONECO LTD-A	BGKG6M3	9.57	1,959	18,747.63
0.77	3888 HK	KINGSOFT CORP LTD	B27WRM3	2.92	6,250	18,273.46
0.73	TOTS3 BZ	TOTVS SA	B10LQP6	5.78	2,997	17,308.29
0.71	241 HK	ALIBABA HEALTH	BRXVS60	0.48	34,800	16,713.93
0.70	MMYT	MAKEMYTRIP LTD	B552PC2	30.83	535	16,494.05
0.65	ALE PW	ALLEGRO.EU SA	BMBQDF6	5.25	2,917	15,312.65
0.61	FALAB CI	FALABELLA SA	2771672	2.20	6,562	14,450.09
0.58	780 HK	TONGCHENG TRAVEL HOLDINGS	BGM5R25	1.93	7,050	13,597.94
0.43	772 HK	CHINA LITERATURE LTD	BYP71J9	3.43	2,940	10,094.02
0.41	MCG SJ	MULTICHOICE GROUP LTD	BHZSKR4	6.54	1,494	9,765.73
0.33	IQ	IQIYI INC-ADR	BYWT1W1	3.06	2,545	7,787.70
0.32	1833 HK	PING AN HEALTHCA	BDRYVB3	2.26	3,330	7,525.86
0.14		CASH		0.00	6,711,677	3,335.13

Holdings are subject to change.

Sector Breakdown As of 08/31/22

	Sector	Weight (%)
	Consumer Discretionary	53.0
	Communication Services	38.3
	Information Technology	7.5
	Health Care	1.2

Source: AltaVista Research, LLC

Country Breakdown As of 08/31/22

	Country	Weight (%)
	China	73.0
	South Korea	10.2
	South Africa	5.7
	Brazil	4.6
	Argentina	3.5
	Uruguay	1.3
	Chile	1.0
	Hong Kong	0.8

Source: AltaVista Research, LLC

ETF Characteristics As of 09/22/22

Return on Equity	9.00%
Weighted Avg. Market Cap	92,912 M
	2021	2022
Price-to-earnings	21.49	25.72
Price-to-book value	2.41	2.21

Source: AltaVista Research, LLC

ETF Risk Stats As of 08/31/22

Versus	Beta
S&P 500	-0.03
MSCI EAFE	-0.03
MSCI Emg. Mkts	1.30
Standard Deviation	25.00%

Source: AltaVista Research, LLC

ETF Research

The Case for Emerging Markets Internet & E-commerce

Five Keywords for China’s Singles’ Day

Latest Premium / Discount As of 09/22/22

NAV	$6.56
Market Price	$6.57
Premium / (Discount)	$0.01

Current View 2022 Q3 As of 09/22/22

Days at Premium	16
Days at NAV	0
Days at Discount	42
Greatest Premium	0.64%
Greatest Discount	-1.28%

Daily Premium / Discount History As of 09/22/22

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.

Investing involves risk, including the possible loss of principal. The investable universe of companies in which EWEB may invest may be limited. The companies in which the Fund invests may be subject to rapid changes in technology, intense competition, rapid obsolescence of products and services, loss of intellectual property protections, evolving industry standards and frequent new product productions, and changes in business cycles and government regulation.

International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, 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. EWEB 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. The 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, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. 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. 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 Nasdaq, nor does Nasdaq 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 Nasdaq.

Inception Date	Aug 24, 2022
Trailing 1 Month	--
Trailing 3 Months	--
Trailing 12 Months	--

Inception Date	Aug 24, 2022
Trailing 1 Month	--
Trailing 3 Months	--
Trailing 12 Months	--

EWEB

Emerging Markets Internet & E-commerce ETF

Reasons to Consider EWEB

High Growth Potential

New Consumer Preferences

Structural Tailwinds

Key Information As of 09/22/22

ETF Summary

ETF Objective

Trading Details As of 09/22/22

Distributions As of 09/22/22

ETF Prices As of 09/22/22

Performance History

Top Holdings As of 09/22/22

Sector Breakdown As of 08/31/22

Country Breakdown As of 08/31/22

ETF Characteristics As of 09/22/22

ETF Risk Stats As of 08/31/22

ETF Research

The Case for Emerging Markets Internet & E-commerce

Five Keywords for China’s Singles’ Day

ETF Documents