Fund Description: Global X S&P 500 Covered Call ETF, formerly Horizons S&P 500 Covered Call ETF, is an exchange-traded index fund or Index ETF which is a separate investment portfolio of Global X Funds, formerly Exchange Traded Concepts Trust II, an open-end investment management company. INVESTMENT OBJECTIVE: The Global X S&P 500 Covered Call ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the CBOE S&P 500 2% OTM BuyWrite Index , formerly S&P 500 Stock Covered Call Index. INDEX DESCRIPTION: The CBOE S&P 500 2% OTM BuyWrite Index is comprised of two parts: (1) all the equity securities in the S&P 500 Index (the Reference Index) in substantially similar weight as the Reference Index; and (2) short (written) call options on up to 100% of the S&P 500 Index. is a float-adjusted market capitalization weighted index containing equity securities of 500 industrial, information technology, utility and financial companies amongst other GICS sectors, regarded as generally representative of the U.S. stock market. A float-adjusted market capitalization weighted index weights each index component according to its market capitalization, using the number of shares that are readily available for purchase on the open market. The Index measures the performance of a hypothetical portfolio that employs a covered call strategy. The Index consists of long positions in companies in the Reference Index and a single out-of-the-money call option written on the S&P 500 Index. FUND STRATEGY: The Fund generally uses a replication methodology, meaning it will invest in all of the securities comprising the Index in proportion to the weightings in the Index. However, the Fund may from time-to-time utilize a sampling methodology under various circumstances where it may not be possible or practicable to purchase all of the equity securities and write (sell) all of the call options comprising the Index. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Reference Index and the Index are so concentrated. The Fund is non-diversified and, therefore, may invest a greater percentage of its assets in a particular issue in comparison to a diversified fund. FUND MANAGEMENT: Global X Management Company LLC serves as the Adviser to the Fund.