Fund Description: Global X Social Media Index 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 Social Media Index ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Social Media Index. INDEX DESCRIPTION: The Solactive Social Media Index tracks the equity performance of the largest and most liquid companies involved in the social media industry, including companies that provide social networking, file sharing, and other web-based media applications. As of September 10, 2011, the Index had 26 constituents, 18 of which are foreign companies. FUND STRATEGY: The Fund will invest at least 80% of its total assets in the securities of the Index and in in ADRs and GDRs based on the securities in the Index. 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 beat the Index and does not seek temporary defensive positions when markets decline or appear overvalued. The Fund will use a replication 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. The Fund may invest up to 20% of its assets in (i) certain futures, options and swap contracts (which may be leveraged and are considered derivatives), (ii) cash and cash equivalents and (iii) stocks not included in the Index that the Adviser believes will help the Fund track the Index. FUND MANAGEMENT: Global X Management Company LLC serves as the Adviser and the administrator for the Fund. The Adviser is responsible for managing the investment activities of the Fund and the Fund’s business affairs and other administrative matters, subject to the supervision of the Board of Trustees,.