Fund Description: Global X S&P 500 Catholic Values ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the Global X Funds, an open-end investment management company. INVESTMENT OBJECTIVE: The Global X S&P 500 Catholic Values ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P 500 Catholic Values Index. INDEX DESCRIPTION: The S&P 500 Catholic Values Index is designed to provide exposure to U.S. equity securities included in the S&P 500 Index while maintaining alignment with the moral and social teachings of the Catholic Church. The Index is based on the S&P 500 Index, and generally comprises approximately 500 or less U.S. listed common stocks. All index constituents are members of the S&P 500 Index and follow the eligibility criteria for that index. From this starting universe, constituents are screened to exclude companies involved in activities which are perceived to be inconsistent with Catholic values as outlined in the Socially Responsible Investment Guidelines of the United States Conference of Catholic Bishops (USCCB). The Index then reweights the remaining constituents so that the Index’s sector exposures matches the sector exposures of the S&P 500 Index. FUND STRATEGY: A passive or indexing approach is used to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to outperform the Index and does not seek temporary defensive positions when markets decline or appear overvalued. The Fund generally will use a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of the Index in approximately the same proportions as in the Index. However, the Fund may utilize a representative sampling strategy with respect to the Index when a replication strategy might be detrimental to shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to follow the Index, in instances in which a security in the Index becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to the Fund but not the Index. FUND MANAGEMENT: Global X Management Company LLC will serve as the Fund's Investment Adviser.