Global X Management Company LLC serves as an advisor to Global X Funds. Please read the prospectus carefully before investing. This and other information can be found in the Fund’s summary or full prospectuses. One cannot invest directly in an index.Ĭarefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. The returns shown do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. ![]() Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. Beginning October 15, 2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. Brokerage commissions will reduce returns. Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. There are additional risks associated with investing in Uranium and the Uranium mining industry. Narrowly focused investments may be subject to higher volatility. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Investing involves risk, including the possible loss of principal. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price. However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. eastern time), slight differences in this timing may cause discrepancies. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. ![]() What causes these time discrepancies?Ĭlose of Trading Times. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities. As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. ![]() The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. ![]() Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.ĭownload Chart Data (.CSV) How can the Fund trade at a premium/discount to its NAV? The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Past performance does not guarantee future results. The performance data quoted represents past performance. Annualized return is the average return gained or lost by an investment each year over a given time period. Cumulative return is the aggregate amount that an investment has gained or lost over time. Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Hybrid index performance (noted as "Index" above in the chart) reflects the performance of the Solactive Global Uranium Total Return Index through April 30, 2018, the Solactive Global Uranium & Nuclear Components Transition TR Index through July 31, 2018, and the Solactive Global Uranium & Nuclear Components Total Return Index thereafter. The Fund's investment objective and investment strategies changed effective and again on August 1, 2018.
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