The Scientific Beta Report

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The Scientific

Beta Report

All data as of 3/31/2016 Ticker Gross Expense

Ratio

Net Expense

Ratio1 Since Fund Inception 1 Year

Annualized Since Fund Inception

Global X Scientific Beta

US ETF SCIU 0.35% 0.19%

NAV 0.17% — —

Market Price 0.21% — —

SBUXRHMN Index 0.51% _— _—

Europe ETF SCID 0.38% —

NAV -5.16% — —

Market Price -5.05% — —

SBRXRHMN Index -4.73% — —

Asia ex-Japan ETF SCIX 0.38% —

NAV -8.87% — —

SBAXRHMN Index _-9.82% _— _—

Japan ETF SCIJ 0.38% —

NAV -0.54% — —

SBJURHMN Index -0.23% — —

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 www.globalxfunds.com.

1_{Pursuant to an Expense Limitation Agreement, the Adviser has agreed to reimburse or waive fees and/or limit Fund expenses to the extent necessary to assure that the operating expenses of the Fund will not exceed 0.19% of the Fund’s average daily net assets per year until at least} March 1, 2017. Total Annual Fund Operating Expenses apply after Fee Waiver and/or Expense Reimbursement

Don’t just be smart. Be Scientific.

OVERVIEW

The Global X Scientific Beta ETFs are a family of funds that provide core equity

expo-sure to U.S. and international markets. The ETFs may be considered viable alternatives

to actively managed funds as they seek to outperform market capitalization weighted

indexes by following a methodology rooted in academic research, while preserving the

lower costs and transparency of an ETF

SCIU

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Total 17.84%

Apple Inc. 3.37%

Microsoft Corporation 2.43%

Exxon Mobil Corporation 1.93%

Johnson & Johnson 1.66%

General Electric Company 1.65%

Berkshire Hathaway Inc. 1.48%

Facebook Inc. 1.46%

AT&T Inc. 1.34%

Amazon.com Inc. 1.28%

Wells Fargo & Company 1.24%

Holdings subject to change.

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 apply factor tilts.} SCIU TOP 10 HOLDINGS

Source: Global X Funds and S&P. As of 3/31/16.

S&P 500 INDEX TOP 10 HOLDINGS Source: Global X Funds and S&P. As of 3/31/16.

SINCE INCEPTION¹ PERFORMANCE AS OF 3/31/2016 Source: Bloomberg, March 2016

Global X Scientific Beta US ETF SciBeta United States Multi-Beta Multi-Strategy ERC S&P 500 Index

-15% -10% -5% 0% 5%

May 15 Jul 15 Oct 15 Jan 16 Mar 16

0.17% 0.51%

0.06%

VOLATILITY

Source: Bloomberg, March 2016

16.03%

18.54% 17.57% 17.27%

Global X Scientific

Beta US ETF S&P 500Index

Q1 2016 Since Inception

HOLDINGS OVERLAP

Source: Global X Funds, Bloomberg and S&P.

41% Overlap by weight between SCIU and S&P 500 411 Number of overlapping holdings 85% Holdings in SCIU also in S&P 500 81% Holdings in S&P 500 also in SCIU 59% Active share S&P 500 Index Global X Scientific Beta US ETF 41% SINCE INCEPTION¹ AND MOST RECENT QUARTER RETURNS

Source: ERI Scientific Beta and Bloomberg, March 2016

Value Low Volatility Diversified Index² SCIU S&P 500 2.64% -1.70% 0.69% 0.76% -0.87% 2.69% 5.64% 4.20% -0.30% 2.37% 1.35% 2.43% 0.17% 0.06% Momentum Size Q1 2016 Since Inception 0% 20% 40% 60% 80% 100%

SCIU HISTORICAL ALLOCATION SINCE INCEPTION¹ Source: ERI Scientific Beta, March 2016

20.32% 18.50% 24.00% 25.31% 29.99% _28.62% 25.68% 27.57% 18.49% 25.16% 28.77% 27.57% Q2 2015 Q3 2015 Q4 2015 Q1 2016 18.76% 25.43% 27.40% 28.40% Momentum Value Size Low Volatility Information Technology Health Care Energy Telecom Services Consumer Staples Industrials Consumer Discretionary Materials Utilities Financials -3.19% -2.26% 0.21% 4.22% -1.33% -0.14% 1.43% 1.62% 6.97% -7.71% SCIU SECTOR OVERWEIGHT/UNDERWEIGHT VS. S&P 500

Source: Global X Funds, Bloomberg and S&P.

Total 7.63%

American Water Works Co Inc. 0.90%

ConAgra Foods Inc. 0.82%

AvalonBay Communities Inc. 0.81%

Amdocs Ltd. 0.79%

Tyson Foods Inc. 0.74%

Newmont Mining Corp. 0.73%

Realty Income Corp. 0.72%

Markel Corp. 0.72%

Nielsen Holdings Plc. 0.70%

Arch Capital Group Ltd. 0.70%

PERFORMANCE AND ATTRIBUTION RISK AND DIVERSIFICATION

US ETF Q1 2016

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Total 16.44% Nestle SA 2.93% Novartis AG 2.25% Roche Holding AG 2.13% HSBC Holdings PLC 1.50% TOTAL SA 1.37%

British American Tobacco PLC 1.34%

Novo Nordisk A/S 1.27%

Royal Dutch Shell PLC 1.25%

GlaxoSmithKline PLC 1.21%

Bayer AG 1.19%

Global X Scientific Beta Europe ETF SciBeta Extended Developed Europe Multi-Beta Multi-Strategy ERC STOXX Europe 600 Index -24% -20% -16% -12% -8% -4% 0% 4%

May 15 Jun 15 Oct 15 Jan 16 Mar 16

-5.16% -4.73% -11.78% 17.98% 23.39% 21.80% 19.76% Q1 2016 Since Inception Global X Scientific Beta Europe ETF

STOXX Europe 600 Index VOLATILITY

Source: Bloomberg, March 2016 HOLDINGS OVERLAPSource: Global X Funds, Bloomberg and S&P.

41% Overlap by weight between SCID and STOXX Europe 600 Index 547 # of overlapping

holdings 95% Holdings in SCID also

in benchmark 91% Holdings in Benchmark also in SCID 58% Active share STOXX Europe 600 Index Global X Scientific Beta Europe ETF 41% SINCE INCEPTION¹ AND MOST RECENT QUARTER RETURNS

-1.55% -10.14% -0.88% _-1.02% -3.16% -1.00% -1.90% 0.03% -6.54% -1.02% -2.47% -1.07% -5.16% -11.78% Q1 2016 Since Inception STOXX Europe 600 Index SCID Diversified Index2 Low Volatility Mid Cap High Momentum Value 0% 20% 40% 60% 80% 100% 34.39% 33.88% 17.58% 17.68% 28.28% 28.55% 19.76% 19.88% 28.54% 18.33% 33.84% 19.29% SCID HISTORICAL ALLOCATION SINCE INCEPTION¹

Source: ERI Scientific Beta, March 2016

Q2 2015 Q3 2015 Q4 2015 Q1 2016 25.19% 17.35% 38.38% 19.08% Momentum Value Size Low Volatility Health Care Consumer Staples Energy Telecom Services Information Technology Consumer Discretionary Utilities Materials Industrials Financials 6.49% 6.20% 0.68% 0.64% _0.09% -1.01% -0.17% -1.88% -4.91% _-5.93%

SCID SECTOR OVERWEIGHT/UNDERWEIGHT VS. STOXX EUROPE 600 INDEX Source: Global X Funds, Bloomberg and STOXX.

Total 6.60%

Swiss Prime Site AG 0.85%

Hiscox Ltd. 0.75%

Flughafen Zuerich AG 0.71%

PSP Swiss Property AG 0.66%

Cofinimmo SA 0.63%

Direct Line Insurance Group Plc. 0.63%

Endesa SA 0.60%

Vonovia SE 0.60%

Chocoladefabriken Lindt & Sprüngli AG 0.59%

UCB SA 0.58%

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 apply factor tilts.}

GLOBAL X SCIENTIFIC BETA

SCID TOP 10 HOLDINGS

Source: Global X Funds and STOXX. STOXX EUROPE 600 INDEX TOP 10 HOLDINGSSource: Global X Funds and STOXX.

SCID

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Total 36.79% Commonwealth Bank of Australia 6.88%

Westpac Banking Corp. 5.42%

AIA Group Ltd. 4.77%

National Australia Bank Ltd. 3.71% Australia & New Zealand Banking Group 3.67%

BHP Billiton Ltd. 2.91%

CSL Ltd. 2.54%

Wesfarmers Ltd. 2.51%

CK Hutchison Holdings Ltd. 2.45% Hong Kong Exchanges and Clearing Ltd. 1.93%

Holdings subject to change. Global X Scientific Beta

Asia ex-Japan ETF

MSCI Pacific ex-Japan Index2

SciBeta Developed Asia-Pacific ex-Japan Multi-Beta Multi-Strategy ERC

-40% -30% -20% -10% 0% 10%

May 15 Aug 15 Oct 15 Jan 16 Mar 16

-9.82%

-11.88% SINCE INCEPTION¹ PERFORMANCE AS OF 3/31/2016

Source: Bloomberg, March 2016

-8.87% 15.05% 22.85% 15.74% 20.74% VOLATILITY

Q1 2016 Since Inception

Global X Scientific Beta

Asia ex-Japan ETF ex-Japan Index MSCI Pacific

24% Overlap by weight between SCIX and MSCI Pacific ex-Japan Index 130 # of overlapping

holdings 34% Holdings in SCIX also

in benchmark 85% Holdings in Benchmark also in SCIX 76% Active share MSCI Pacific ex-Japan Index Global X Scientific Beta Asia ex-Japan ETF 24% HOLDINGS OVERLAP

Source: Global X Funds, Bloomberg and iShares. SINCE INCEPTION¹ AND MOST RECENT QUARTER RETURNS

6.21% -7.93% 2.71% -10.54% -14.60% 2.76% -6.50% 5.10% -10.72% 4.26% 1.81% 4.31% -8.87% -11.88% Q1 2016 Since Inception Value Low Volatility Diversified Index²

SCIX MSCI Pacific ex-Japan Index Momentum Size 0% 20% 40% 60% 80% 100%

SCIX HISTORICAL ALLOCATION SINCE INCEPTION¹ Source: ERI Scientific Beta, March 2016

Q2 2015 Q4 2015 Q1 2016 27.36% 19.62% 25.73% 27.29% Q3 2015 27.26% 19.48% 26.76% 26.50% 25.89% 21.25% 26.48% 26.38% 24.96% 22.49% 27.09% 25.46% Momentum Value Size Low Volatility Financials Materials Energy Consumer Staples Telecom Services Utilities Information Technology Health Care Industrials Consumer Discretionary

SCIX SECTOR OVERWEIGHT/UNDERWEIGHT WITH MSCI PACIFIC EX-JAPAN INDEX

Source: Global X Funds, Bloomberg and MSCI.

11.07% 4.97% 4.79% 1.92% 1.55% -0.74% -0.40% -1.23% _-2.07% -20.19% Total 9.79%

Yue Yuen Industrial Holdings Ltd. 1.27% Auckland International Airport Ltd. 1.23%

Infratil Ltd. 1.09%

Fortune Real Estate Investment Trust 1.03% Vitasoy International Holdings Ltd. 0.93% Fisher & Paykel Healthcare Corp. 0.87% Johnson Electric Holdings Ltd. 0.87% Transport International Holdings 0.87%

EBOS Group Ltd. 0.84%

Cheung Kong Infrastructure Holdings 0.80%

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 apply factor tilts.} SCIX TOP 10 HOLDINGS

Source: Global X Funds and MSCI. MSCI PACIFIC EX-JAPAN INDEX TOP 10 HOLDINGSSource: Global X Funds and MSCI.

GLOBAL X SCIENTIFIC BETA

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Total 19.73%

Toyota Motor Corp. 5.35%

Mitsubishi UFJ Financial Group 2.21%

KDDI Corp. 1.75%

Japan Tobacco Inc. 1.71%

SoftBank Group Corp. 1.71%

Honda Motor Co Ltd. 1.67%

Sumitomo Mitsui Financial Group 1.44% Takeda Pharmaceutical Co Ltd. 1.35% Mizuho Financial Group Inc. 1.32%

Sony Corp. 1.21%

Global X Scientific Beta Japan ETF _{SciBeta Japan Multi-Beta Multi-Strategy ERC} MSCI Japan Index2

-25% -20% -15% -10% -5% 0% 5% 10%

May 15 Jul 15 Oct 15 Jan 16 Mar 16

-0.54% -0.22%

-10.50%

Global X Scientific Beta Japan ETF

MSCI Japan Index

VOLATILITY

21.80% 32.64% 29.98% 24.18% Q1 2016 Since Inception 33% Overlap by weight between SCIJ and MSCI Japan Index

273 # of overlapping

holdings

59% Holdings in SCIJ also in benchmark 86% Holdings in benchmark also in SCIJ 66% Active share MSCI Japan Index Global X Scientific

Beta Japan ETF 33% HOLDINGS OVERLAP

Source: Global X Funds, Bloomberg and MSCI.

-5.03% -4.77% -2.13% -0.24% 3.88% 0.23% 5.50% 0.41% -1.00% -2.45% -6.52% -1.89% -0.54% -10.50% Q1 2016 Since Inception Value Low Volatility Diversified Index3 _SCIJ MSCI Japan Index Momentum Size

SINCE INCEPTION¹ AND MOST RECENT QUARTER RETURNS Source: ERI Scientific Beta and Bloomberg, March 2016

0% 20% 40% 60% 80% 100%

SCIJ HISTORICAL ALLOCATION SINCE INCEPTION¹ Source: ERI Scientific Beta, March 2016

19.25% 19.63% 21.80% 21.94% 34.16% 34.28% 24.79% 24.15% 19.80% 20.65% 38.63% 20.93% Q2 2015 Q3 2015 Q4 2015 Q1 2016 18.59% 20.94% 39.34% 21.13% Momentum Value Size Low Volatility Consumer Discretionary Telecom Services Financials Information Technology Industrials Utilities Health Care Energy Consumer Staples Materials -5.23% -4.97% -2.13% -2.08% 0.82% _0.39% _0.31% 1.08% 4.56% 6.48%

SCIJ SECTOR OVERWEIGHT/UNDERWEIGHT WITH MSCI JAPAN INDEX Source: Global X Funds, Bloomberg and MSCI.

Total 7.02%

Yamazaki Baking Co Ltd. 0.95%

Nippon Accommodations Fund Inc. 0.75% Sumitomo Osaka Cement Co Ltd. 0.73% Matsumotokiyoshi Holdings Co Ltd. 0.69%

IT Holdings Corp. 0.68%

Otsuka Holdings Co Ltd. 0.66%

Konami Holdings Corp. 0.65%

Maruichi Steel Tube Ltd. 0.64%

Mori Hills REIT Investment Corp. 0.64%

Sankyo Co Ltd. 0.63%

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 apply factor tilts.} SCIJ TOP 10 HOLDINGS

Source: Global X Funds and MSCI. As of 3/31/16 MSCI JAPAN INDEX TOP 10 HOLDINGSSource: Global X Funds and MSCI. As of 3/31/16

GLOBAL X SCIENTIFIC BETA

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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. The Funds are non-diversified. 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 closing price is the Mid-Point between the Bid and Ask price as of the close of exchange.

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.