Fund Description: Global X SuperIncome Preferred 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 SuperIncome Preferred ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Enhanced Yield North American Preferred Stock Index. INDEX DESCRIPTION: The S&P Enhanced Yield North American Preferred Stock Index tracks the performance of the highest yielding preferred securities in the United States and Canada, as determined by Standard & Poor’s (Index Provider). The Index is comprised of preferred stocks that meet certain criteria relating to size, liquidity, issuer concentration and rating, maturity and other requirements, as determined by the Index Provider. The Index may include many different categories of preferred stock, such as floating and fixed rate preferreds, perpetual preferred stock, trust preferred securities, cumulative and non-cumulative preferreds or preferred stocks with a callable or conversion feature. The Index does not seek to directly reflect the performance of the companies issuing the preferred stock. As of March 31, 2012, the Index had 50 constituents. FUND STRATEGY: The Fund will invest at least 80% of its total assets in the securities of the Index and in ADRs and GDRs based on the securities in the Index. Moreover, at least 80% of the Fund’s total assets will be invested in preferred securities. 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 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. FUND MANAGEMENT: Global X Management Company LLC serves as the investment advisor to the Fund.