Fund Description: Global X MSCI China Consumer Discretionary ETF, formerly Global X China Consumer ETF, is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the Global X Funds, an investment management company. INVESTMENT OBJECTIVE: The Global X MSCI China Consumer Discretionary ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI China Consumer Discretionary 10/50 Index, formerly Solactive China Consumer Total Return Index, formerly S-BOX China Consumer Index. INDEX DESCRIPTION: The MSCI China Consumer Discretionary 10/50 Index. FUND STRATEGY: A passive or indexing approach is used to try to achieve each Fund’s investment objective. Unlike many investment companies, the Funds do not try to beat the Index and do not seek temporary defensive positions when markets decline or appear overvalued. Each Fund will normally invest at least 80% of its total assets in the securities of the Index and in American Depositary Receipts, Global Depositary Receipts and European Depositary Receipts based on the securities in the Index. Each Fund may also invest up to 20% of its assets in certain futures, options and swap contracts (which may be leveraged and are considered derivatives), cash and cash equivalents, as well as in stocks not included in its Index, but which believes will help the Fund track its Index. Each Fund 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 Funds may utilize a representative sampling strategy with respect to its Index when a replication strategy might be detrimental to its shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to follow its Index, in instances when a security in an Index become temporarily illiquid, unavailable or less liquid, or due to legal restrictions (such as diversification requirements that apply to the Funds but not the Indexes). FUND MANAGEMENT: Global X Management Company LLC serves as the investment adviser and the administrator for the Fund, subject to the supervision of the Board of Trustees.