The Scientific Don’t just be smart. Be Scientific. Beta Report OVERVIEW The Global X Scientific Beta ETFs are a family of funds that provide core equity exposure to U.S. and international markets. The ETFs may be considered viable alternatives to SCIU SCID SCIX SCIJ actively managed funds as they seek to outperform market capitalization weighted United States Europe Asia ex-Japan Japan indexes by following a methodology rooted in academic research, while preserving the lower costs and transparency of an ETF.

Gross Expense Net Expense Annualized Since Fund All data as of 3/31/2017 Ticker Since Fund Inception 1 Year Ratio Ratio1 Inception

NAV 14.11% 13.92% 7.26%

Global X Scientific Beta SCIU 0.35% 0.19% Market Price 14.31% 14.07% 7.36% US ETF

SBUXRHMG Index 14.79% 14.20% 7.58%

NAV 0.90% 6.39% 0.48% Global X Scientific Beta SCID 0.38% — Market Price 1.48% 6.87% 0.78% Europe ETF SBRXRHMN Index 1.54% 6.58% 0.81%

NAV 1.07% 10.91% 0.57% Global X Scientific Beta SCIX 0.38% — Market Price 2.33% 12.27% 1.23% Asia ex-Japan ETF

SBAXRHMN Index 0.21% 11.12% 0.11%

NAV 14.05% 14.67% 7.22%

Global X Scientific Beta SCIJ 0.38% — Market Price 14.94% 15.57% 7.67% Japan ETF SBJURHMN Index 14.76% 15.02% 7.56%

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Indices are unmanaged and do not include the effect of fees, expenses, or sales charges. One cannot invest directly in an index. For performance data current to the most recent month end, please call 1-888-gxfund-1 or visit our website at globalxfunds.com.

1Fee waivers are contractual and in effect until at least March 1, 2018.

Beyond Ordinary ETFs 600 LEXINGTON AVE 1 (888) GX-FUND-1 20TH FL GLOBALXFUNDS.COM NEW YORK, NY 10022 @GLOBALXFUNDS GLOBAL X SCIENTIFIC BETA US ETF SCIU Q1 2017

PERFORMANCE AND ATTRIBUTION RISK AND DIVERSIFICATION

SINCE INCEPTION¹ PERFORMANCE AS OF 3/31/2017 SCIU TOP 10 HOLDINGS S&P 500 INDEX TOP 10 HOLDINGS Source: Bloomberg, March 2017 Source: Global X Funds. As of 3/31/17. Source: SPDR. As of 3/31/17. Global X Scientific Beta US SciBeta United States Multi-Beta Multi-Strategy ERC S&P 500 Index Total 7.16% Total 18.61% Annaly Capital Management Inc. 0.88% Apple Inc. 3.72% 25% 17.25% Arch Capital Group Ltd. 0.83% Microsoft Corporation 2.51% 20% Newmont Mining Corp. 0.79% Amazon.com Inc. 1.73% 15% 10% Bunge Ltd. 0.77% Exxon Mobil Corporation 1.68% 5% WEC Energy Group Inc. 0.68% Johnson & Johnson 1.67% 14.79% 0% Realty Income Corp. 0.65% Facebook Inc. 1.65% 14.11% -5% Consolidated Edison Inc. 0.65% Berkshire Hathaway Inc. 1.56% -10% American Water Works Co. Inc. 0.64% JPMorgan Chase & Co. 1.55% -15% Duke Energy Corp. 0.64% General Electric Company 1.28% May 15 Jul 15 Oct 15 Dec 15 Mar 16 May 16 Jul 16 Oct 16 Dec 16 Mar 17 Comerica Inc. 0.62% AT&T Inc. 1.26% Holdings subject to change. Holdings subject to change. ONE YEAR AND MOST RECENT QUARTER RETURNS Source: ERI Scientific Beta and Bloomberg, March 2017 VOLATILITY HOLDINGS OVERLAP Source: Bloomberg, March 2017 Source: Global X Funds, Bloomberg and SPDR. Q1 2017 1 Year 18.57% Global X Scientific Beta US S&P 500 Index 42% Overlap by weight 17.17% 15.67% between SciBeta U.S. 13.90% 13.92% 12.73% and S&P 500 11.66% 9.84% 10.02% 403 Number of overlapping 7.05% 42% 6.07% holdings 5.60% 5.00% 5.39% 5.28% 4.22% 6.84% 6.72% 89% Holdings in SciBeta U.S. also in S&P 500 Global X S&P 500 80% Holdings in S&P 500 Scientific Beta U.S. Index also in SciBeta U.S. Value Momentum Size Low Diversified Global X S&P Volatility Index² SciBeta U.S. 500 Q1 2017 1 Year 58% Active share SCIBETA U.S. HISTORICAL ALLOCATION SINCE INCEPTION¹ Source: ERI Scientific Beta, March 2017 SCIBETA U.S. SECTOR OVERWEIGHT/UNDERWEIGHT VS. S&P 500 100% Source: Global X Funds, Bloomberg and SPDR.

80% 25.68% 25.15% Momentum 23.67% 7.49% 4.34% 3.31% 60% 1.65% 29.99% 30.63% Value 31.36% 0.57% 40% -0.27% -1.08% -1.36% 24.00% 25.26% Size 24.46% -1.53% -1.67% 20% 20.32% 18.96% Low Volatility 20.51% 0% -11.64% Q2 2015 Q4 2016 Q1 2017 Utilities Financials Real Estate Materials Industrials Consumer Telecom Consumer Energy Health Information Staples Services Discretionary Care Technology 1 Since inception of SCIU ETF, 5/12/15. 2 Diversified index is represented by the Scientific Beta Multi-Strategy Index for the relevant region. The index represents the performance of the Scientific Beta Multi-strategy weighting scheme without applying factor tilts.

Beyond Ordinary ETFs 600 LEXINGTON AVE 1 (888) GX-FUND-1 20TH FL GLOBALXFUNDS.COM NEW YORK, NY 10022 @GLOBALXFUNDS GLOBAL X SCIENTIFIC BETA Europe ETF SCID Q1 2017

PERFORMANCE AND ATTRIBUTION RISK AND DIVERSIFICATION

SINCE INCEPTION¹ PERFORMANCE AS OF 3/31/2017 SCID TOP 10 HOLDINGS STOXX EUROPE 600 INDEX TOP 10 HOLDINGS Source: Bloomberg, March 2017 Source: Global X Funds. As of 3/31/17. Source: STOXX. As of 3/31/17. Global X Scientific Beta Europe ETF SciBeta Extended Developed Europe STOXX Europe Total 6.28% Total 16.95% 600 Index Multi-Beta Multi-Strategy ERC Swiss Prime Site AG 0.79% Nestle SA 2.74% 5% Endesa SA 0.73% Novartis AG 2.24% 0% STMicroelectronics N.V. 0.70% Roche Holding AG 2.06% -5% Flughafen Zuerich AG 0.62% HSBC Holdings PLC 1.88% -10% UCB SA 0.62% TOTAL SA 1.43% 1.54% -15% PSP Swiss Property AG 0.60% British American Tobacco PLC 1.42% 0.90% -20% Hiscox Ltd. 0.59% Siemens AG 1.34% -4.01% -25% Sofina SA 0.55% Royal Dutch Shell PLC 1.34% Cofinimmo SA 0.54% BP PLC 1.28% May 15 Aug 15 Oct 15 Jan 16 Apr 16 Jun 16 Sep 16 Dec 16 Mar 17 Teleperformance 0.54% Sanofi SA 1.22% Holdings subject to change. Holdings subject to change. ONE YEAR AND MOST RECENT QUARTER RETURNS Source: ERI Scientific Beta and Bloomberg, March 2017 VOLATILITY HOLDINGS OVERLAP Source: Bloomberg, March 2017 Source: Global X Funds, Bloomberg and S&P. 10.11% 9.45% 9.42% 8.71% 9.16% 8.26% 8.35% STOXX Europe 600 41% Overlap by weight 7.83% 7.63% Global X Scientific 7.29% 7.42% Beta Europe ETF Index between SCID and STOXX 6.39% Europe 600 Index 4.99% 4.93% 516 # of overlapping 41% 18.23% 18.46% holdings 95% Holdings in SCID also 9.27% 9.39% in benchmark Value High Momentum Size Low Volatility Diversified SCID STOXX Europe Global X STOXX 85% Holdings in Benchmark Index2 600 Index Scientific Beta Europe 600 also in SCID Q1 2017 1 Year Europe ETF Index Q1 2017 1 Year 58% Active share SCID HISTORICAL ALLOCATION SINCE INCEPTION¹ SCID SECTOR OVERWEIGHT/UNDERWEIGHT VS. STOXX EUROPE 600 INDEX Source: ERI Scientific Beta, March 2017 Source: Global X Funds, Bloomberg and STOXX. 100% 19.76% 18.01% Momentum 17.35% 6.16% 80% 4.06% 28.28% 1.51% 60% 41.80% Value 43.65% 0.93% 0.43% 0.18%

40% 17.58% -0.21% -0.68% 18.22% Size 18.13% -1.47% 20% -4.62% 34.39% 21.97% Low Volatility 20.87% -5.99% 0% Q2 2015 Q4 2016 Q1 2017 Real Estate Industrials Materials Information Utilities Financials Telecom Consumer Energy Consumer Health Technology Services Discretionary Staples Care

1 Since inception of SCID ETF, 5/12/15. 2 Diversified index is represented by the Scientific Beta Multi-Strategy Index for the relevant region. The index represents the performance of the Scientific Beta Multi-strategy weighting scheme without applying factor tilts.

Beyond Ordinary ETFs 600 LEXINGTON AVE 1 (888) GX-FUND-1 20TH FL GLOBALXFUNDS.COM NEW YORK, NY 10022 @GLOBALXFUNDS GLOBAL X SCIENTIFIC BETA Asia Ex-Japan ETF SCIX Q1 2017

PERFORMANCE AND ATTRIBUTION RISK AND DIVERSIFICATION

SINCE INCEPTION¹ PERFORMANCE AS OF 3/31/2016 SCIX TOP 10 HOLDINGS MSCI PACIFIC EX-JAPAN INDEX TOP 10 HOLDINGS Source: Bloomberg, March 2017 Source: Global X Funds. As of 3/31/17. Source: MSCI. As of 3/31/17.

Global X Scientific Beta SciBeta Developed Asia-Pacific MSCI Pacific Total 17.71% Total 37.82% Asia ex-Japan ETF ex-Japan Multi-Beta Multi-Strategy ERC ex-Japan Index2 Yue Yuen Industrial Holdings Ltd. 2.50% Commonwealth Bank of Australia 6.88% 10% 4.32% Venture Corp Ltd. 2.38% Westpac Banking Corp. 5.45% MTR Corp Ltd. 1.78% AIA Group Ltd. 4.63% 0% Mapletree Industrial Trust 1.73% Australia & New Zealand Banking Group 4.33%

-10% Mercury NZ Ltd. 1.72% National Australia Bank Ltd. 4.12% 1.07% AGL Energy Ltd. 1.70% BHP Billiton Ltd. 3.59% -20% NWS Holdings Ltd. 1.60% CSL Ltd. 2.66% 0.21% SATS Ltd. 1.48% Wesfarmers Ltd. 2.37% -30% Bluescope Steel Ltd. 1.41% CK Hutchison Holdings Ltd. 2.02% May 15 Aug 15 Oct 15 Jan 16 Apr 16 Jul 16 Sep 16 Dec 16 Mar 17 Vitasoy International Holdings Ltd. 1.41% Hong Kong Exchanges and Clearing Ltd. 1.78% ONE YEAR AND MOST RECENT QUARTER RETURNS Holdings subject to change. Holdings subject to change. Source: ERI Scientific Beta and Bloomberg, March 2017 VOLATILITY HOLDINGS OVERLAP Source: Bloomberg, March 2017 Source: Global X Funds, Bloomberg and iShares. 18.39% 15.83% Global X Scientific Beta MSCI Pacific 35% Overlap by weight Asia ex-Japan ETF ex-Japan Index 13.95% between SCIX and MSCI 11.50% 11.76% 10.74% 11.24% 10.74% 11.13% 10.43%10.91% Pacific ex-Japan Index 9.34% 9.17% 9.41% 13.53% 123 # of overlapping 35% 10.45% holdings 9.30% 7.77% 68% Holdings in SCIX also in benchmark Value Momentum Size Low Volatility Diversified SCIX MSCI Pacific Global X MSCI Pacific 80% Holdings in Benchmark Index3 ex-Japan Index Scientific Beta ex-Japan also in SCIX Asia ex-Japan Index 65% Active share Q1 2017 1 Year Q1 2017 1 Year ETF SCIX HISTORICAL ALLOCATION SINCE INCEPTION¹ Source: ERI Scientific Beta, March 2017 SCIX SECTOR OVERWEIGHT/UNDERWEIGHT WITH MSCI PACIFIC EX-JAPAN INDEX Source: Global X Funds, Bloomberg and MSCI. 100% 27.29% 23.18% Momentum 23.48% 80% 11.92% 6.77% 5.64% 4.60% 4.44% 0.60% 0.35% 0.27% 60% 25.73% 29.47% Value 29.29% -0.88% -1.63% 40% 19.62% 23.13% Size 24.81% 20% 27.36% 23.22% Low Volatility 22.42% -32.45% 0% Real Estate Consumer Industrials Information Utilities Health Consumer Materials Telecom Energy Financials Q2 2015 Q4 2016 Q1 2017 Discretionary Technology Care Staples Services 1 Since inception of SCIX ETF, 5/12/15. 2 MSCI Daily Net Total Return Asia Pacific ex-Japan USD Index 3 Diversified index is represented by the Scientific Beta Multi-Strategy Index for the relevant region. The index represents the performance of the Scientific Beta Multi-strategy weighting scheme without applying factor tilts.

Beyond Ordinary ETFs 600 LEXINGTON AVE 1 (888) GX-FUND-1 20TH FL GLOBALXFUNDS.COM NEW YORK, NY 10022 @GLOBALXFUNDS GLOBAL X SCIENTIFIC BETA Japan ETF SCIJ Q1 2017

PERFORMANCE AND ATTRIBUTION RISK AND DIVERSIFICATION

SINCE INCEPTION¹ PERFORMANCE AS OF 3/31/2017 SCIJ TOP 10 HOLDINGS MSCI JAPAN INDEX TOP 10 HOLDINGS Source: Bloomberg, March 2017 Source: Global X Funds. As of 3/31/17 Source: MSCI. As of 3/31/17 Global X Scientific Beta Japan ETF SciBeta Japan Multi-Beta Multi-Strategy ERC MSCI Japan Index2 25% 14.76% Total 11.75% Total 19.42% 20% NH Foods Ltd. 1.54% Toyota Motor Corp. 4.65% 15% Mitsubishi Tanabe Pharma Corp. 1.37% Mitsubishi UFJ Financial Group 2.63% 10% Nichirei Corp. 1.30% Softbank Group Corp. 1.91% 5% LIXIL Group Corp. 1.24% Honda Motor Co Ltd. 1.61% 0% -5% 14.05% Kajima Corp. 1.11% Sumitomo Mitsui Financial Group 1.60% -10% Fujitsu Ltd. 1.09% KDDI Corp. 1.58% 2.43% -15% Yamada Denki Co Ltd. 1.05% Mizuho Financial Group, Inc. 1.45% -20% Asahi Kasei Corp. 1.03% Sony Corp. 1.40% -25% Taiheiyo Cement Corp. 1.02% FANUC Corp. 1.30% May 15 Aug 15 Oct 15 Jan 16 Apr 16 Jul 16 Oct 16 Dec 16 Mar 16 Obayashi Corp. 1.01% Keyence Corp. 1.28% ONE YEAR AND MOST RECENT QUARTER RETURNS Holdings subject to change. Holdings subject to change. Source: ERI Scientific Beta and Bloomberg, March 2017 VOLATILITY HOLDINGS OVERLAP Q1 2017 1 Year Source: Bloomberg, March 2017 Source: Global X Funds, Bloomberg and iShares.

21.39% Global X Scientific Beta Japan ETF MSCI Japan Index 44% Overlap by weight between SCIJ and 14.67% 13.82% 13.25% 14.44% MSCI Japan Index 243 # of overlapping 8.96% 17.89% 16.78% 44% holdings 5.04% 5.01% 13.48% 4.80% 4.55% 4.83% 3.90% 4.39% 4.49% 13.58% 93% Holdings in SCIJ also in benchmark 76% Holdings in benchmark Global X Scientific MSCI Japan also in SCIJ Beta Japan ETF Index Value Momentum Size Low Diversified SCIJ MSCI Japan 56% Active share Volatility Index3 Index Q1 2017 1 Year SCIJ HISTORICAL ALLOCATION SINCE INCEPTION¹ Source: ERI Scientific Beta, March 2017 SCIJ SECTOR OVERWEIGHT/UNDERWEIGHT WITH MSCI JAPAN INDEX 100% Source: Global X Funds, Bloomberg and MSCI. 13.54% Momentum 12.86% 24.79% 80% 4.65% 3.98% 3.11% 60% 34.16% 56.41% Value 57.94% 1.66% 1.09% 0.67% 0.64% 0.06% 40% 21.80% 20% 16.29% Size 15.94% -4.49% 19.25% -5.16% -6.27% 0% 13.76% Low Volatility 13.26%

Q2 2015 Q4 2016 Q1 2017 Materials Industrials Utilities Real Estate Consumer Energy Information Health Telecom Consumer Financials Staples Technology Care Services Discretionary 1 Since inception of SCIJ ETF, 5/12/15. 2 MSCI Daily Net Total Return Japan USD Index 3 Diversified index is represented by the Scientific Beta Multi-Strategy Index for the relevant region. The index represents the performance of the Scientific Beta Multi-strategy weighting scheme without applying factor tilts.

Beyond Ordinary ETFs 600 LEXINGTON AVE 1 (888) GX-FUND-1 20TH FL GLOBALXFUNDS.COM NEW YORK, NY 10022 @GLOBALXFUNDS GLOBAL X SCIENTIFIC BETA

Definitions: The objective of the Scientific Beta Multi-Beta Multi-Strategy Equal Risk Contribution Indexes (USA, Japan, Extended Developed Europe, Asia ex-Japan) is to represent the performance of large and medium capitalization companies from their respective regions while outperforming the capitalization-weighted reference index for that region, with a limited amount of relative risk against that reference.

The S&P 500 is an index of 500 stocks chosen by factors such as market size, liquidity and industry grouping. The Index is designed to be a leading indicator of U.S. equities and is meant to reflect the risk/return characteristics of the large-cap universe.

The STOXX Europe 600 Index is derived from the STOXX Europe Total Market Index (TMI) and is a subset of the STOXX Global 1800 Index. With a fixed number of 600 components, the STOXX Europe 600 Index represents large, mid and small capitalization companies across 18 countries of the European region: Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom.

The MSCI Pacific ex Japan Index captures large and mid cap representation across 4 of 5 Developed Markets (DM) countries in the Pacific region (excluding Japan). With 150 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in each country.

The MSCI Japan Index is designed to measure the performance of the large and mid cap segments of the Japanese market. With 318 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in Japan. Active Share is the percentage of holdings in a portfolio that do not overlap with the benchmark index.

Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds’ summary or full prospectus, which may be obtained by calling 1-888-GX-FUND-1 (1.888.493.8631), or by visiting www.globalxfunds.com. Read the prospectus carefully before investing.

Investing involves risk, including the possible loss of principal. In addition to the normal risks associated with investing, 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. For the Scientific Beta Japan ETF, the Japanese economy may be subject to considerable degrees of economic, political and social instability, which could have a negative impact on Japanese securities. In addition, Japan is subject to the risk of natural disasters, such as earthquakes, volcanoes, typhoons and tsunamis, which could negatively affect the Fund.

Diversification may not protect against market risk. There is no assurance the goals of the strategy discussed will be met.

Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Global X NAVs are calculated using prices as of 4:00 PM Eastern Time. The market price is the Mid- Point between the Bid and Ask price as of the close of exchange and do not represent the returns you would receive if you traded shares at any other times.

EDHEC Risk Institute Asia Ltd. indexes have been licensed for use by Global X Management Company, LLC. Global X Funds are not sponsored, endorsed, issued, sold, or promoted by EDHEC Risk Institute Asia Ltd. nor does this company make any representations regarding the advisability of investing in the Global X Funds.

Global X Management Company, LLC serves as an advisor to the Global X Funds. The Funds are distributed by SEI Investments Distribution Co., One Freedom Valley Drive, Oaks, PA, 19456, which is not affiliated with Global X Management Company, LLC.

Beyond Ordinary ETFs 600 LEXINGTON AVE 1 (888) GX-FUND-1 20TH FL GLOBALXFUNDS.COM NEW YORK, NY 10022 @GLOBALXFUNDS