QTR

Nasdaq 100 Tail Risk ETF

Fund Summary

The Global X Nasdaq 100 Tail Risk ETF (QTR) employs a protective put strategy for investors seeking to buffer against market selloffs. QTR seeks to achieve this outcome by owning the stocks in the Nasdaq 100 Index, coupled with buying 10% out-of-the-money put options¹ on the Nasdaq 100 Index.

Fund Objective

The Global X Nasdaq 100 Tail Risk ETF (QTR) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Nasdaq-100 Quarterly Protective Put 90 Index.

Why QTR?

Growth Potential

QTR offers uncapped exposure to the growth potential² of the stocks in the Nasdaq 100 Index.

Manage Downside Risk

By buying protective puts, QTR seeks to mitigate significant selloffs of greater than approximately -10% from the purchase of the put to the options’ expiration in three months.

Efficient Options Execution

QTR buys put options on the Nasdaq 100, saving investors the time and potential expense of doing so individually.

¹An out-of-the-money put option conveys the right, but not the obligation, to sell an underlying asset at a strike price below that underlying asset’s market price (learn more)

²QTR’s growth potential will decrease by the cost of the premiums paid

Fund Details As of 09/15/21

Key Facts

Ticker	QTR
Inception Date	08/25/21
CUSIP	37960A404
ISIN	US37960A4040
Bloomberg Index Ticker	NQTRI
Primary Exchange	Nasdaq
Number of Holdings	103

Stats & Fees

Net Assets	$2,533,669
Net Asset Value (NAV)	$25.34
Shares Outstanding	100,000
Total Expense Ratio	0.60%

Distributions

30-Day SEC Yield	N/A
Distribution Frequency	Semi-Annually

Fund Documents

Fund Research

The Case for Tail Risk ETFs

Fund Prices As of 09/15/21

NAV	$25.34	Daily Change	$0.20	0.80%
Market Price	$25.26	Daily Change	$0.08	0.33%
30-Day Median Bid-Ask Spread	0.00%

As of recent (06/30/21)	Fund NAV	Market Price	Index
Year-to-Date	--	--	--
1 Month	--	--	--
3 Months	--	--	--
Since Inception	--	--	--
Year-to-Date	--	--	--
1 Month	--	--	--
3 Months	--	--	--
Since Inception	1.35%	1.59%	1.35%

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 of the Fund, when observed, is unusual and investors should not expect such performance to be repeated.

Fund Characteristics As of 09/15/21

Return on Equity	27.90%
Weighted Avg. Market Cap	970,719 M
	2020	2021
Price-to-earnings	38.94	30.10
Price-to-book value	9.45	7.55

Source: AltaVista Research, LLC

Option Positions	Notional Exposure	Strike	Moneyness	Expiration Date	Calendar Days to Expiry
Long NASDAQ 100 Reduced Value Put Option	$2,480,565	2550	82.20%	09/17/2021	2

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
11.12	AAPL	APPLE INC	2046251	149.03	1,891	281,815.73
10.23	MSFT	MICROSOFT CORP	2588173	304.82	850	259,097.00
7.82	AMZN	AMAZON.COM INC	2000019	3,475.79	57	198,120.03
4.24	GOOG	ALPHABET INC-CL C	BYY88Y7	2,904.12	37	107,452.44
4.03	TSLA	TESLA INC	B616C79	755.83	135	102,037.05
3.99	FB	FACEBOOK INC-CLASS A	B7TL820	373.92	270	100,958.40
3.88	GOOGL	ALPHABET INC-CL A	BYVY8G0	2,888.59	34	98,212.06
3.79	NVDA	NVIDIA CORP	2379504	223.41	430	96,066.30
2.23	PYPL	PAYPAL HOLDINGS INC	BYW36M8	282.43	200	56,486.00
2.17	ADBE	ADOBE INC	2008154	661.08	83	54,869.64
1.78	CMCSA	COMCAST CORP-CLASS A	2044545	57.00	790	45,030.00
1.77	NFLX	NETFLIX INC	2857817	582.87	77	44,880.99
1.64	CSCO	CISCO SYSTEMS INC	2198163	57.56	720	41,443.20
1.50	INTC	INTEL CORP	2463247	55.12	690	38,032.80
1.48	PEP	PEPSICO INC	2681511	156.02	240	37,444.80
1.41	AVGO	BROADCOM INC	BDZ78H9	509.74	70	35,681.80
1.40	COST	COSTCO WHOLESALE CORP	2701271	460.73	77	35,476.21
1.25	TXN	TEXAS INSTRUMENTS INC	2885409	197.50	160	31,600.00
1.20	MRNA	MODERNA INC	BGSXTS3	434.46	70	30,412.20
1.06	INTU	INTUIT INC	2459020	572.11	47	26,889.17
1.05	TMUS	T-MOBILE US INC	B94Q9V0	127.07	210	26,684.70
1.05	HON	HONEYWELL INTL	2020459	221.69	120	26,602.80
1.04	QCOM	QUALCOMM INC	2714923	138.24	190	26,265.60
1.00	CHTR	CHARTER COMMUN-A	BZ6VT82	765.20	33	25,251.60
0.91	SBUX	STARBUCKS CORP	2842255	114.64	200	22,928.00
0.89	AMAT	APPLIED MATERIALS INC	2046552	141.23	160	22,596.80
0.88	AMD	ADVANCED MICRO DEVICES	2007849	105.60	210	22,176.00
0.86	AMGN	AMGEN INC	2023607	218.13	100	21,813.00
0.83	ISRG	INTUITIVE SURGICAL INC	2871301	1,045.52	20	20,910.40
0.67	MELI	MERCADOLIBRE INC	B23X1H3	1,889.26	9	17,003.34
0.66	BKNG	BOOKING HOLDINGS INC	BDRXDB4	2,375.97	7	16,631.79
0.62	GILD	GILEAD SCIENCES INC	2369174	71.76	220	15,787.20
0.60	LRCX	LAM RESEARCH CORP	2502247	611.50	25	15,287.50
0.57	MDLZ	MONDELEZ INTER-A	B8CKK03	60.51	240	14,522.40
0.55	ADP	AUTOMATIC DATA PROCESSING	2065308	200.52	70	14,036.40
0.55	MU	MICRON TECHNOLOGY INC	2588184	73.82	190	14,025.80
0.49	ASML	ASML HOLDING-NY	B908F01	889.33	14	12,450.62
0.48	CSX	CSX CORP	2160753	30.85	390	12,031.50
0.47	FISV	FISERV INC	2342034	108.36	110	11,919.60
0.46	REGN	REGENERON PHARMACEUTICALS	2730190	652.00	18	11,736.00
0.45	ADSK	AUTODESK INC	2065159	286.62	40	11,464.80
0.44	ILMN	ILLUMINA INC	2613990	449.88	25	11,247.00
0.44	ZM	ZOOM VIDEO COM-A	BGSP7M9	279.12	40	11,164.80
0.42	JD	JD.COM INC-ADR	BMM27D9	76.63	140	10,728.20
0.42	NXPI	NXP SEMICONDUCTORS NV	B505PN7	212.34	50	10,617.00
0.41	ADI	ANALOG DEVICES INC	2032067	174.08	60	10,444.80
0.40	ATVI	ACTIVISION BLIZZARD INC	2575818	78.25	130	10,172.50
0.39	ALGN	ALIGN TECHNOLOGY INC	2679204	710.31	14	9,944.34
0.39	IDXX	IDEXX LABORATORIES INC	2459202	661.65	15	9,924.75
0.39	KLAC	KLA CORP	2480138	367.34	27	9,918.18
0.37	TEAM	ATLASSIAN CORP-A	BZ09BD1	394.53	24	9,468.72
0.37	DXCM	DEXCOM INC	B0796X4	551.67	17	9,378.39
0.36	CRWD	CROWDSTRIKE HO-A	BJJP138	259.57	35	9,084.95
0.36	SNPS	SYNOPSYS INC	2867719	336.09	27	9,074.43
0.35	EBAY	EBAY INC	2293819	73.99	120	8,878.80
0.35	MRVL	MARVELL TECHNOLOGY INC	BNKJSM5	62.46	140	8,744.40
0.34	MAR	MARRIOTT INTL-A	2210614	144.68	60	8,680.80
0.34	EXC	EXELON CORP	2670519	50.85	170	8,644.50
0.34	MNST	MONSTER BEVERAGE CORP	BZ07BW4	95.14	90	8,562.60
0.34	KDP	KEURIG DR PEPPER INC	BD3W133	35.42	240	8,500.80
0.33	LULU	LULULEMON ATHLETICA INC	B23FN39	418.95	20	8,379.00
0.33	CDNS	CADENCE DESIGN SYS INC	2302232	167.54	50	8,377.00
0.32	DOCU	DOCUSIGN INC	BFYT7B7	273.65	30	8,209.50
0.32	MCHP	MICROCHIP TECHNOLOGY INC	2592174	162.19	50	8,109.50
0.32	WDAY	WORKDAY INC-CLASS A	B8K6ZD1	269.85	30	8,095.50
0.32	CTAS	CINTAS CORP	2197137	398.76	20	7,975.20
0.31	MTCH	MATCH GROUP INC	BK80XH9	158.89	50	7,944.50
0.31	AEP	AMERICAN ELECTRIC POWER	2026242	87.33	90	7,859.70
0.31	BIIB	BIOGEN INC	2455965	299.21	26	7,779.46
0.30	KHC	KRAFT HEINZ CO/THE	BYRY499	36.22	210	7,606.20
0.30	VRTX	VERTEX PHARM	2931034	188.86	40	7,554.40
0.30	WBA	WALGREENS BOOTS	BTN1Y44	50.12	150	7,518.00
0.29	ORLY	O'REILLY AUTOMOTIVE INC	B65LWX6	600.92	12	7,211.04
0.27	CTSH	COGNIZANT TECH-A	2257019	76.48	90	6,883.20
0.27	EA	ELECTRONIC ARTS INC	2310194	137.04	50	6,852.00
0.27	ROST	ROSS STORES INC	2746711	112.91	60	6,774.60
0.26	PAYX	PAYCHEX INC	2674458	109.71	60	6,582.60
0.26	BIDU	BAIDU INC - SPON ADR	B0FXT17	161.73	40	6,469.20
0.25	XLNX	XILINX INC	2985677	157.76	40	6,310.40
0.24	VRSK	VERISK ANALYTICS INC	B4P9W92	204.56	30	6,136.80
0.24	PDD	PINDUODUO INC-ADR	BYVW0F7	99.30	60	5,958.00
0.24	CPRT	COPART INC	2208073	148.94	40	5,957.60
0.23	XEL	XCEL ENERGY INC	2614807	65.45	90	5,890.50
0.22	ANSS	ANSYS INC	2045623	372.75	15	5,591.25
0.21	FAST	FASTENAL CO	2332262	53.76	100	5,376.00
0.21	SWKS	SKYWORKS SOLUTIONS INC	2961053	176.77	30	5,303.10
0.21	PTON	PELOTON INTERACTIVE INC-A	BJ7WJS2	105.56	50	5,278.00
0.20	PCAR	PACCAR INC	2665861	84.58	60	5,074.80
0.20	OKTA	OKTA INC	BDFZSP1	253.58	20	5,071.60
0.18	SGEN	SEAGEN INC	BLPK4D2	152.09	30	4,562.70
0.18	SPLK	SPLUNK INC	B424494	151.68	30	4,550.40
0.18	VRSN	VERISIGN INC	2142922	224.27	20	4,485.40
0.17	NTES	NETEASE INC-ADR	2606440	84.96	50	4,248.00
0.17	SIRI	SIRIUS XM HOLDINGS INC	BGLDK10	6.04	700	4,228.00
0.15	CDW	CDW CORP/DE	BBM5MD6	195.09	20	3,901.80
0.15	CERN	CERNER CORP	2185284	74.23	50	3,711.50
0.14	DLTR	DOLLAR TREE INC	2272476	88.44	40	3,537.60
0.13		CASH		1.00	3,366	3,366.16
0.12	INCY	INCYTE CORP	2471950	73.44	40	2,937.60
0.10	TCOM	TRIP.COM GROUP LTD-ADR	BK1K3N2	28.59	90	2,573.10
0.09	CHKP	CHECK POINT SOFTWARE TECH	2181334	117.53	20	2,350.60
0.09	FOXA	FOX CORP - CLASS A	BJJMGL2	36.56	60	2,193.60
0.05	FOX	FOX CORP - CLASS B	BJJMGY5	34.06	40	1,362.40
0.01		NQX US 09/17/21 P2550		27.50	8	220.00

Holdings are subject to change.

Latest Premium / Discount As of 09/15/21

NAV	$25.34
Market Price	$25.26
Premium / (Discount)	($0.08)

Current View 2021 Q3 As of 09/15/21

Days at Premium	13
Days at NAV	1
Days at Discount	1
Greatest Premium	0.26%
Greatest Discount	-0.30%

Daily Premium / Discount History As of 09/15/21

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. Concentration in a particular industry or sector will subject QTR to loss due to adverse occurrences that may affect that industry or sector. Investors in QTR should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses.

The Fund engages in options trading. An option is a contract sold by one party to another that gives the buyer the right, but not the obligation, to buy (call) or sell (put) a stock at an agreed upon strike price within a certain period or on a specific date. By purchasing put options, in return for the payment of premiums, the Fund may be protected from a significant decline in the price of the Nasdaq 100 Index if the put options become in the money (Nasdaq 100 closes below the strike price as of the expiration date); but during periods where the Nasdaq 100 Index appreciates, the Fund will underperform due to the cost of the premiums paid. A liquid market may not exist for options held by the Fund. QTR 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.

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 Nasdaq, nor does this entity 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.

QTR