RYLD

Russell 2000 Covered Call ETF

Overview Prices & Performance Holdings & Characteristics Research Documents

Reasons to Consider RYLD

High Income Potential

RYLD seeks to generate income through covered call writing, which historically produces higher yields in periods of volatility.¹

Monthly Distributions

RYLD makes distributions on a monthly basis.

Efficient Options Execution

RYLD writes call options on the Russell 2000 Index, saving investors the time and potential expense of doing so individually.

¹Covered call writing can limit the upside potential of the underlying security

Key Information As of 10/27/21

Inception Date	04/17/19
Gross Expense Ratio	0.70%
Net Expense Ratio*	0.60%
Net Assets	$535.97 million
NAV	$24.89
Fact Sheet

*Fee waivers are contractual and in effect until at least March 1, 2022.

ETF Summary

The Global X Russell 2000 Covered Call ETF (RYLD) follows a “covered call” or “buy-write” strategy, in which the Fund buys exposure to the stocks in the Russell 2000 Index and “writes” or “sells” corresponding call options on the same index.

ETF Objective

The Global X Russell 2000 Covered Call ETF (RYLD) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe Russell 2000 BuyWrite Index.

Trading Details As of 10/27/21

Ticker	RYLD
Bloomberg Index Ticker	BXR
CUSIP	37954Y459
ISIN	US37954Y4594
Primary Exchange	Cboe
Shares Outstanding	21,530,000
Number of Holdings	2
30-Day Median Bid-Ask Spread	0.08%

Distributions As of 10/27/21

30-Day SEC Yield	0.53%
Unsubsidized 30-Day SEC Yield	0.43%
12-Month Trailing Yield	12.31%
Distribution Yield	11.70%
Distribution Frequency	Monthly

ETF Prices As of 10/27/21

NAV	$24.89	Daily Change	-$0.28	-1.11%
Market Price	$24.91	Daily Change	-$0.29	-1.15%

As of recent month & quarter-end (09/30/21) As of recent month & quarter-end (09/30/21)	Fund NAV	Market Price	Index
1 Year	35.79%	35.89%	36.71%
Since Inception	11.46%	11.53%	12.54%
1 Year	35.79%	35.89%	36.71%
Since Inception	11.46%	11.53%	12.54%
Year-to-Date	20.65%	20.60%	21.30%
1 Month	-0.38%	-0.46%	-0.41%
3 Months	0.29%	0.33%	0.39%
Since Inception	30.48%	30.68%	33.70%
Year-to-Date	20.65%	20.60%	21.30%
1 Month	-0.38%	-0.46%	-0.41%
3 Months	0.29%	0.33%	0.39%
Since Inception	30.48%	30.68%	33.70%

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.

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
100.75	VTWO	VANGUARD RUSSELL 2000 ETF	B48MJP3	90.41	6,019,890	544,258,254.90
0.18		CASH		1.00	945,204	945,203.59
-0.93		RUT US 11/19/21 C2300		2,075.00	-2,412	-5,004,900.00

Holdings are subject to change.

ETF Characteristics As of 10/27/21

Return on Equity	9.40%
Weighted Avg. Market Cap	7,142 M
	2020	2021
Price-to-earnings	190.15	27.74
Price-to-book value	2.69	2.51

Source: AltaVista Research, LLC

ETF Risk Stats As of 10/27/21

Versus	Beta
S&P 500	0.95
MSCI EAFE	0.95
MSCI Emg. Mkts	0.78
Standard Deviation	20.70%

Source: AltaVista Research, LLC

ETF Research

Introducing the Russell 2000 Covered Call ETF (RYLD)

Income Outlook: Q2 2021 – Inflation Rising, but Bond Yields Falling

Latest Premium / Discount As of 10/27/21

NAV	$24.89
Market Price	$24.91
Premium / (Discount)	$0.02

Current View 2021 Q4 As of 10/27/21

Days at Premium	16
Days at NAV	0
Days at Discount	3
Greatest Premium	0.22%
Greatest Discount	-0.12%

Daily Premium / Discount History As of 10/27/21

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

RYLD 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 price within a certain period or on a specific date. A covered call option involves holding a long position in a particular asset, in this case U.S. common equities, and writing a call option on that same asset with the goal of realizing additional income from the option premium. RYLD writes covered call index options on the Russell 2000 Index. By selling covered call options, the fund limits its opportunity to profit from an increase in the price of the underlying index above the exercise price, but continues to bear the risk of a decline in the index. A liquid market may not exist for options held by the fund. While the fund receives premiums for writing the call options, the price it realizes from the exercise of an option could be substantially below the indices current market price. Investment in the Fund is subject to the risks of the underlying fund.

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 FTSE Russell or Cboe, nor do these entities 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 these entities.