Fund Description: Global X Nasdaq 100 Covered Call ETF, formerly, Horizons NASDAQ 100 Covered Call ETF, formerly Recon Capital NASDAQ-100 Covered Call ETF, is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the Global X Funds, formerly Horizons ETF Trust I, formerly Recon Capital Series Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The Global X Nasdaq 100 Covered Call ETF seeks to provide investment results that will closely correspond, before fees and expenses, generally to the price and yield performance of the CBOE NASDAQ-100 BuyWrite V2 Index. INDEX DESCRIPTION: The CBOE NASDAQ-100 BuyWrite V2 Index measures the total return of a portfolio consisting of common stocks of the 100 companies included in the NASDAQ-100 Index and call options systematically written on those securities through a buy-write or covered call strategy. A buy-write strategy is an investment strategy in which the Fund buys a specific basket of stocks (such as the NASDAQ-100 Index) and sells covered call options that correspond to that basket of stocks. FUND STRATEGY: Using a passive or indexing investment approach, the Fund seeks to achieve its investment objective to track the performance of the Index. The Index measures the total return of a portfolio consisting of common stocks of the 100 companies included in the NASDAQ-100 Index and call options systematically written on those securities through a buy-write or covered call strategy. A buy-write strategy is an investment strategy in which the Fund buys a specific basket of stocks (such as the NASDAQ-100 Index) and sells covered call options that correspond to that basket of stocks. The Fund will invest at least 80% of its total assets in common stocks of the companies included in NASDAQ-100 Index. The Fund employs a replication strategy to track the Index, which means it invests in common stocks included in the NASDAQ-100 Index generally in proportion to their weightings in the NASDAQ-100 Index, and call options written (sold) on the NASDAQ-100 Index. Under normal market conditions, the Fund will invest more than 80% of its total assets in the Index. Each calendar month the Fund will write (sell) a succession of one-month call options on the NASDAQ-100 Index and will cover such options by holding the securities underlying the options written. Each option written will (i) have an exercise price generally at or above the prevailing market price of the NASDAQ-100 Index; (ii) be traded on a national securities exchange; (iii) be held to its date of maturity (unless the Fund cancels out the option through the purchase of an offsetting identical option); (iv) expire on its date of maturity (in the next calendar month); (v) only be subject to exercise on its expiration date; and (vi) be settled in cash. In return for the payment of a premium to the Fund, a purchaser of the call options written by the Fund is entitled to receive a cash payment from the Fund equal to the difference between the value of the NASDAQ-100 Index and the exercise price of the option if the value of the option on the expiration date is above its exercise price. In addition, the Fund’s covered call options are expected to partially protect the Fund from a decline in the price of the NASDAQ-100 Index through means of the premiums received by the Fund. FUND MANAGEMENT: Global X Management Company LLC. serves as the investment adviser to the Fund.