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KROP

AgTech & Food Innovation ETF

Overview Prices & Performance Holdings & Characteristics Research Documents

Reasons to Consider KROP

High Growth Potential

The global AgTech market was valued at nearly $16bn in 2022. Forecasts suggest it could surpass $35bn by 2030, highlighting the substantial room for growth.¹

Global Tailwinds

The AgTech and Food Innovation theme could potentially benefit from helping address global food insecurity and minimizing the adverse environmental impacts of large-scale agriculture.

Unconstrained Approach

Production and consumption dynamics around food are evolving. KROP seeks to gain exposure to the forefront of these dynamics by investing in AgTech and Food Innovation companies, regardless of sector or geography.

¹Grand View Research, Apr 2022

Key Information As of 05/26/23

Inception Date	07/12/21
Total Expense Ratio	0.50%
Net Assets	$5.55 million
NAV	$12.34
Fact Sheet

ETF Summary

The Global X AgTech & Food Innovation ETF (KROP) seeks to invest in companies advancing innovation and the use of technology in the agriculture and food industries. This includes companies involved in the provision of agricultural technologies (“AgTech”) related to precision agriculture, agricultural robots and automation, controlled environment agriculture (e.g., vertical farming, hydroponics), and agricultural biotechnology, as well as those involved in food innovation activities related to protein/dairy alternatives and food waste reduction.

ETF Objective

The Global X AgTech & Food Innovation ETF (KROP) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive AgTech & Food Innovation Index.

Trading Details As of 05/25/23

Ticker	KROP
Bloomberg Index Ticker	SOLKROP
CUSIP	37954Y178
ISIN	US37954Y1780
Primary Exchange	Nasdaq
Shares Outstanding	450,000
Number of Holdings	29
30-Day Median Bid-Ask Spread	1.31%

Distributions As of 05/26/23

30-Day SEC Yield	0.73%
Distribution Frequency	Semi-Annually

ETF Prices As of 05/26/23

NAV	$12.34	Daily Change	$0.01	0.08%
Market Price	$12.38	Daily Change	$0.17	1.39%

As of recent (03/31/23) As of recent (03/31/23)	Fund NAV	Market Price	Index
1 Year	-25.94%	-26.55%	-25.61%
Since Inception	-26.94%	-27.20%	-26.66%
1 Year	-21.17%	-21.03%	-20.76%
Since Inception	-27.42%	-27.39%	-27.12%
Year-to-Date	2.24%	1.40%	2.31%
1 Month	-5.63%	-6.64%	-5.59%
3 Months	2.24%	1.40%	2.31%
Since Inception	-41.67%	-42.04%	-41.29%
Year-to-Date	-1.54%	-1.68%	-1.39%
1 Month	-3.70%	-3.04%	-3.62%
3 Months	-16.33%	-16.81%	-16.23%
Since Inception	-43.83%	-43.80%	-43.41%

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 ($)	Shares Held	Market Value ($)
14.81	000998 C2	YUAN LONGPING-A	BD5CK34	2.08	395,000	822,148.17
13.57	000848 C2	CHENG DE LOLO CO LTD-A	BD5C9D7	1.22	619,180	753,452.19
13.41	CTVA	CORTEVA INC	BK73B42	55.17	13,497	744,629.49
11.42	NTR	NUTRIEN LTD	BDH3SB9	55.89	11,347	634,183.83
5.63	ULVR LN	UNILEVER PLC	B10RZP7	51.41	6,082	312,699.42
5.41	OTLY	OATLY GROUP AB	BNNTQY0	1.76	170,495	300,071.20
5.32	NUF AU	NUFARM LTD	6335331	3.56	83,010	295,482.30
4.77	TITN	TITAN MACHINERY INC	B29H3T5	27.30	9,708	265,028.40
4.65	DE	DEERE & CO	2261203	357.21	723	258,262.83
4.26	BYND	BEYOND MEAT INC	BJ1FDK7	10.35	22,827	236,259.45
3.21	GRWG	GROWGENERATION CORP	BZ159N4	3.56	50,115	178,409.40
2.16	ADM	ARCHER-DANIELS-MIDLAND CO	2047317	72.73	1,651	120,077.23
2.00	APPH	APPHARVEST INC	BMH9X71	0.45	248,108	111,251.63
1.32	K	KELLOGG CO	2486813	67.67	1,083	73,286.61
1.26	HYFM	HYDROFARM HOLDIN	BKWFTW7	0.98	71,513	69,832.44
1.17	TTCF	TATTOOED CHEF INC	BMTMKR7	0.54	119,809	64,756.76
0.79	SEED	ORIGIN AGRITECH LTD	BDD1BS5	5.34	8,198	43,777.32
0.66	FMC	FMC CORP	2328603	103.59	352	36,463.68
0.58	CNHI	CNH INDUSTRIAL NV	BDX85Z1	13.41	2,404	32,237.64
0.45	LOCL	LOCAL BOUNTI CORP	BLGTSV4	0.46	54,800	24,934.00
0.45	INGR	INGREDION INC	B7K24P7	107.56	230	24,738.80
0.41	SFM	SPROUTS FARMERS	BCGCR79	35.94	638	22,929.72
0.41	SMG	SCOTTS MIRACLE-GRO CO	2781518	65.30	350	22,855.00
0.39	MFI CN	MAPLE LEAF FOODS INC	2555865	18.32	1,194	21,870.60
0.32	STKL	SUNOPTA INC	2836634	7.07	2,512	17,759.84
0.29	MONDE PM	MONDE NISSIN CORP	BMDTTT9	0.16	103,205	16,206.43
0.28	ICL IT	ICL GROUP LTD	6455530	6.07	2,602	15,790.66
0.25	HAIN	HAIN CELESTIAL GROUP INC	2492337	12.93	1,052	13,602.36
0.17	BHIL	BENSON HILL INC	BN305Y6	1.35	7,019	9,475.65
0.16		CASH		1.00	8,645	8,644.50
0.00		ISRAELI SHEKEL		0.27	145	39.05

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

Sector Breakdown As of 04/30/23

	Sector	Weight (%)
	Consumer Staples	53.9
	Materials	31.6
	Industrials	11.4
	Consumer Discretionary	2.7
	Financials	0.5

Source: AltaVista Research, LLC

Country Breakdown As of 04/30/23

	Country	Weight (%)
	United States	42.4
	China	27.3
	Canada	12.8
	Sweden	6.3
	Britain	5.9
	Australia	4.8
	Philippines	0.3
	Israel	0.3

Source: AltaVista Research, LLC

ETF Characteristics As of 05/26/23

Return on Equity	-3.40%
Weighted Avg. Market Cap	18,195 M
	2022	2023
Price-to-earnings	-11.54	-75.28
Price-to-book value	2.42	2.70

Source: AltaVista Research, LLC

ETF Risk Stats As of 04/30/23

Versus	Beta
S&P 500	1.05
NASDAQ-100	0.75
MSCI EAFE	1.09
MSCI Emg. Mkts	0.78
Standard Deviation	27.50%

Source: AltaVista Research, LLC

ETF Research

Agtech Could Reinforce Strained Food Systems

Global X ETFs Survey: American Attitudes Towards Alternative Foods

CES 2023 Recap – Electric Mobility and the Metaverse Make the Leap

Latest Premium / Discount As of 05/26/23

NAV	$12.34
Market Price	$12.38
Premium / (Discount)	$0.04

Current View 2023 Q2 As of 05/26/23

Days at Premium	25
Days at NAV	0
Days at Discount	14
Greatest Premium	0.68%
Greatest Discount	-0.96%

Daily Premium / Discount History As of 05/26/23

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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. The investable universe of companies in which KROP may invest may be limited. Narrowly focused investments will be more susceptible to factors affecting that sector and subject to more volatility. 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. KROP 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 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 Solactive AG, nor does Solactive AG 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 Solactive AG.

KROP

AgTech & Food Innovation ETF

Reasons to Consider KROP

High Growth Potential

Global Tailwinds

Unconstrained Approach

Key Information As of 05/26/23

ETF Summary

ETF Objective

Trading Details As of 05/25/23

Distributions As of 05/26/23

ETF Prices As of 05/26/23

Performance History

Top Holdings As of 05/26/23

Sector Breakdown As of 04/30/23

Country Breakdown As of 04/30/23

ETF Characteristics As of 05/26/23

ETF Risk Stats As of 04/30/23

ETF Research

Agtech Could Reinforce Strained Food Systems

Global X ETFs Survey: American Attitudes Towards Alternative Foods

CES 2023 Recap – Electric Mobility and the Metaverse Make the Leap

ETF Documents