VPN

Data Center REITs & Digital Infrastructure ETF

Fund 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.

Fund 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.

Why VPN?

High Growth Potential

VPN enables investors to access high growth potential through companies providing the digital infrastructure for 5G and next generation communication networks.

REIT Exposure

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

ETF Efficiency

In a single trade, VPN delivers access to dozens of companies with high exposure to the data center and digital infrastructure theme.

Fund Details As of 05/12/21

Key Facts

Ticker	VPN
Inception Date	10/27/20
CUSIP	37954Y236
ISIN	US37954Y2366
Bloomberg Index Ticker	SOLVPN
Primary Exchange	Nasdaq
Number of Holdings	25

Stats & Fees

Net Assets	$47,544,852
Net Asset Value (NAV)	$15.59
Shares Outstanding	3,050,000
Total Expense Ratio	0.50%

Distributions

30-Day SEC Yield	1.41%
Distribution Frequency	Semi-Annually

Fund Documents

Fund Research

Introducing the Global X Data Center REITs & Digital Infrastructure ETF (VPN)

Fund Prices As of 05/12/21

NAV	$15.59	Daily Change	-$0.28	-1.79%
Market Price	$15.61	Daily Change	-$0.34	-2.13%
30-Day Median Bid-Ask Spread	0.56%

As of recent (03/31/21)	Fund NAV	Market Price	Index
Year-to-Date	0.71%	0.32%	0.69%
1 Month	1.63%	1.17%	1.54%
3 Months	0.71%	0.32%	0.69%
Since Inception	4.39%	4.72%	4.36%
Year-to-Date	7.05%	6.55%	7.05%
1 Month	6.29%	6.21%	6.31%
3 Months	4.94%	5.46%	4.90%
Since Inception	10.96%	11.22%	10.95%

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 05/11/21

Return on Equity	18.30%
Weighted Avg. Market Cap	51,648 M
	2020	2021
Price-to-earnings	31.29	25.69
Price-to-book value	4.90	4.51

Source: AltaVista Research, LLC

Sector Breakdown As of 04/30/21

% of Net Assets
	Real Estate	69.4
	Information Technology	20.7
	Communication Services	9.9

Source: AltaVista Research, LLC

Country Breakdown As of 04/30/21

% of Net Assets
	United States	78.8
	China	9.9
	Australia	3.3
	Indonesia	2.9
	Taiwan	2.4
	Singapore	2.2
	Hong Kong	0.5

Source: AltaVista Research, LLC

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
13.74	CCI	CROWN CASTLE INTL CORP	BTGQCX1	178.83	36,523	6,531,408.09
13.10	AMT	AMERICAN TOWER CORP	B7FBFL2	241.96	25,732	6,226,114.72
11.96	EQIX	EQUINIX INC	BVLZX12	705.36	8,058	5,683,790.88
9.71	DLR	DIGITAL REALTY TRUST INC	B03GQS4	147.12	31,388	4,617,802.56
4.71	SBAC	SBA COMMUNICATIONS CORP	BZ6TS23	284.25	7,883	2,240,742.75
4.31	788 HK	CHINA TOWER CORP LTD-H	BFZ2PK0	0.14	14,473,900	2,050,114.28
4.27	COR	CORESITE REALTY CORP	B3T3VV8	116.38	17,426	2,028,037.88
4.23	CONE	CYRUSONE INC	B7YRLH9	68.07	29,561	2,012,217.27
3.43	QTS	QTS REALTY TRUST INC-CL A	BDSV8H8	62.09	26,232	1,628,744.88
3.26	NXT AU	NEXTDC LTD	B5LMKP4	8.31	186,691	1,550,731.48
3.07	GDS	GDS HOLDINGS LTD - ADR	BD6FLL7	70.59	20,661	1,458,459.99
2.55	WDC	WESTERN DIGITAL CORP	2954699	64.38	18,835	1,212,597.30
2.22	VNET	21VIANET GROUP INC-ADR	B3Q0VS9	24.53	42,957	1,053,735.21
2.17	KDCREIT SP	KEPPEL DC REIT	BT9Q186	1.92	537,370	1,032,395.65
2.01	UNIT	UNITI GROUP INC	BD6VBR1	10.44	91,549	955,771.56
2.00	NVDA	NVIDIA CORP	2379504	550.34	1,726	949,886.84
2.00	2344 TT	WINBOND ELECTRONICS CORP	6966515	1.01	938,704	949,424.94
1.87	MU	MICRON TECHNOLOGY INC	2588184	76.80	11,579	889,267.20
1.80	MCHP	MICROCHIP TECHNOLOGY INC	2592174	139.14	6,132	853,206.48
1.77	TOWR IJ	SARANA MENARA	BCDBLX3	0.08	10,091,853	842,320.54
1.58	AMD	ADVANCED MICRO DEVICES	2007849	74.64	10,075	751,998.00
1.56	SWCH	SWITCH INC - A	BF2YWK8	18.23	40,782	743,455.86
1.31	TBIG IJ	TOWER BERSAMA	B4MW045	0.18	3,385,960	624,843.47
0.73	RADI	RADIUS GLOBAL-A	BMHZYY3	13.75	25,167	346,046.25
0.58	1686 HK	SUNEVISION HOLDINGS	6222217	1.03	265,681	274,710.88
0.08		CASH		1.00	37,034	37,027.22

Holdings are subject to change.

Latest Premium / Discount As of 05/12/21

NAV	$15.59
Market Price	$15.61
Premium / (Discount)	$0.02

Current View 2021 Q2 As of 05/12/21

Days at Premium	27
Days at NAV	0
Days at Discount	2
Greatest Premium	1.55%
Greatest Discount	-0.35%

Daily Premium / Discount History As of 05/12/21

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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. 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.

VPN

Data Center REITs & Digital Infrastructure ETF

Fund Summary

Fund Objective

Why VPN?

High Growth Potential

REIT Exposure

ETF Efficiency

Fund Details As of 05/12/21

Key Facts

Stats & Fees

Distributions

Fund Documents

Fund Research

Fund Prices As of 05/12/21

Performance History

Fund Characteristics As of 05/11/21

Sector Breakdown As of 04/30/21

Country Breakdown As of 04/30/21

Top Holdings As of 05/12/21