VPN

Data Center REITs & Digital Infrastructure ETF

Overview Prices & Performance Holdings & Characteristics Research Documents

Reasons to Consider VPN

High Growth Potential

Global data center investments are expected to increase from $245bn in 2019 to $432 billion in 2025 to support the growth of 5G, smart grids, and other forms of tech-based infrastructure.¹

Global Tailwinds

The shift to 5G-enabled devices is well underway. 5G subscriptions worldwide are expected to surpass 1bn in 2022 and over 3bn by 2026.² Accelerated development of digital infrastructure is necessary to support this growth.

REIT Exposure

VPN invests in REITs, among other holdings, an asset class that has historically provided high income potential.

¹Frost & Sullivan, Jan 2021
²Statista, Jun 2021

Key Information As of 09/29/22

Inception Date	10/27/20
Total Expense Ratio	0.50%
Net Assets	$63.04 million
NAV	$12.22
Fact Sheet

ETF Summary

The Global X Data Center REITs & Digital Infrastructure ETF (VPN) seeks to invest in companies that operate data center REITs and other digital infrastructure supporting the growth of communication networks.

ETF Objective

The Global X Data Center REITs & Digital Infrastructure ETF (VPN) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Data Center REITs & Digital Infrastructure Index.

Trading Details As of 09/29/22

Ticker	VPN
Bloomberg Index Ticker	SOLVPN
CUSIP	37954Y236
ISIN	US37954Y2366
Primary Exchange	Nasdaq
Shares Outstanding	5,160,000
Number of Holdings	25
30-Day Median Bid-Ask Spread	0.70%

Distributions As of 09/29/22

30-Day SEC Yield	1.69%
Distribution Frequency	Semi-Annually

ETF Prices As of 09/29/22

NAV	$12.22	Daily Change	-$0.35	-2.78%
Market Price	$12.15	Daily Change	-$0.42	-3.34%

As of recent (06/30/22) As of recent (06/30/22)	Fund NAV	Market Price	Index
1 Year	-12.58%	-12.90%	-12.51%
Since Inception	0.65%	0.60%	0.67%
1 Year	-17.09%	-17.45%	-17.12%
Since Inception	-0.15%	-0.12%	-0.14%
Year-to-Date	-19.28%	-19.68%	-19.23%
1 Month	-5.26%	-5.63%	-5.30%
3 Months	-9.14%	-9.03%	-9.15%
Since Inception	1.08%	1.00%	1.13%
Year-to-Date	-20.37%	-20.66%	-20.33%
1 Month	-6.10%	-5.61%	-6.14%
3 Months	-6.54%	-6.78%	-6.59%
Since Inception	-0.28%	-0.22%	-0.25%

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 ($)	Shares Held	Market Value ($)
12.84	EQIX	EQUINIX INC	BVLZX12	561.39	14,421	8,095,805.19
12.09	CCI	Crown Castle Inc	BTGQCX1	144.25	52,811	7,617,986.75
11.96	AMT	AMERICAN TOWER CORP	B7FBFL2	213.72	35,268	7,537,476.96
8.47	DLR	DIGITAL REALTY TRUST INC	B03GQS4	96.91	55,099	5,339,644.09
5.39	SWCH	SWITCH INC - A	BF2YWK8	33.84	100,391	3,397,231.44
4.73	SBAC	SBA COMMUNICATIONS CORP	BZ6TS23	282.27	10,571	2,983,876.17
4.46	788 HK	CHINA TOWER CORP LTD-H	BFZ2PK0	0.11	26,567,400	2,809,072.98
4.12	NXT AU	NEXTDC LTD	B5LMKP4	5.87	443,066	2,599,384.80
3.37	GDS	GDS HOLDINGS LTD - ADR	BD6FLL7	17.53	121,284	2,126,108.52
3.16	SMCI	SUPER MICRO COMPUTER INC	B1VQR35	54.45	36,601	1,992,924.45
3.10	TOWR IJ	SARANA MENARA	BCDBLX3	0.08	23,827,184	1,951,448.32
2.91	DBRG	DIGITALBRIDGE GROUP INC	BPW6ZP0	12.51	146,816	1,836,668.16
2.55	KDCREIT SP	KEPPEL DC REIT	BT9Q186	1.16	1,379,543	1,604,287.32
2.45	UNIT	UNITI GROUP INC	BD6VBR1	6.70	230,699	1,545,683.30
2.30	VTWR GR	VANTAGE TOWERS AG	BLH32J1	25.41	57,130	1,451,809.83
2.11	2344 TT	WINBOND ELECTRONICS CORP	6966515	0.61	2,185,604	1,328,019.26
2.02	TBIG IJ	TOWER BERSAMA	B4MW045	0.19	6,858,105	1,271,642.07
2.01	MU	MICRON TECHNOLOGY INC	2588184	50.01	25,355	1,268,003.55
1.98	AMD	ADVANCED MICRO DEVICES	2007849	64.14	19,406	1,244,700.84
1.91	NVDA	NVIDIA CORP	2379504	122.20	9,844	1,202,936.80
1.68	INTC	INTEL CORP	2463247	26.38	40,121	1,058,391.98
1.45	RADI	RADIUS GLOBAL-A	BMHZYY3	9.85	93,056	916,601.60
1.33	SGH	SMART GLOBAL HOLDINGS INC	BYPBTG4	16.47	51,047	840,744.09
1.21	VNET	VNET Group Inc	B3Q0VS9	5.32	143,560	763,739.20
0.31	CYXT	CYXTERA TECHNOLOGIES INC	BKWHPJ2	4.01	48,046	192,664.46
0.10		CASH		1.00	61,158	61,152.38

Holdings are subject to change.

Sector Breakdown As of 08/31/22

	Sector	Weight (%)
	Real Estate	59.0
	Information Technology	28.3
	Communication Services	10.8
	Industrials	2.0

Source: AltaVista Research, LLC

Country Breakdown As of 08/31/22

	Country	Weight (%)
	United States	75.2
	China	9.5
	Indonesia	4.5
	Australia	4.2
	Singapore	2.6
	Taiwan	2.1
	Germany	2.0

Source: AltaVista Research, LLC

ETF Characteristics As of 09/29/22

Return on Equity	15.90%
Weighted Avg. Market Cap	50,171 M
	2021	2022
Price-to-earnings	16.82	16.98
Price-to-book value	2.82	2.59

Source: AltaVista Research, LLC

ETF Risk Stats As of 08/31/22

Versus	Beta
S&P 500	0.77
MSCI EAFE	0.59
MSCI Emg. Mkts	0.60
Standard Deviation	16.80%

Source: AltaVista Research, LLC

ETF Research

The Digital Shift and the Consolidation in Data Center and Digital Infrastructure Assets

Connectivity (Internet of Things & Digital Infrastructure)

Congress Passed the Infrastructure Investment & Jobs Act. What Does This Mean for Investors?

Latest Premium / Discount As of 09/29/22

NAV	$12.22
Market Price	$12.15
Premium / (Discount)	($0.07)

Current View 2022 Q3 As of 09/29/22

Days at Premium	19
Days at NAV	0
Days at Discount	44
Greatest Premium	0.34%
Greatest Discount	-2.08%

Daily Premium / Discount History As of 09/29/22

Hover over the chart points for details

View Chart Explanation

Download Chart Data (.CSV)

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 VPN may invest may be limited. Data Center REITs and Digital Infrastructure Companies are subject to risks associated with the real estate market, changes in demand for wireless infrastructure and connectivity, rapid product obsolescence, government regulations, and external risks including natural disasters and cyberattacks. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from the differences in generally accepted accounting principles or from social, economic or political instability in other nations. VPN 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 typically do 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.

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	--

VPN

Data Center REITs & Digital Infrastructure ETF

Reasons to Consider VPN

High Growth Potential

Global Tailwinds

REIT Exposure

Key Information As of 09/29/22

ETF Summary

ETF Objective

Trading Details As of 09/29/22

Distributions As of 09/29/22

ETF Prices As of 09/29/22

Performance History

Top Holdings As of 09/29/22

Sector Breakdown As of 08/31/22

Country Breakdown As of 08/31/22

ETF Characteristics As of 09/29/22

ETF Risk Stats As of 08/31/22

ETF Research

The Digital Shift and the Consolidation in Data Center and Digital Infrastructure Assets

Connectivity (Internet of Things & Digital Infrastructure)

Congress Passed the Infrastructure Investment & Jobs Act. What Does This Mean for Investors?

ETF Documents