# EDGAR Filing Document

**Accession Number:** 0001432353
**File Stem:** 0001432353-23-000252
**Filing Date:** 2023-3
**Character Count:** 11809
**Document Hash:** 66a4b8b8dc9709062b58a8e45cc0ed70
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001432353-23-000252.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001432353-23-000252

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 14

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**EFFECTIVENESS DATE**: 20230301

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Global X Funds
- **CENTRAL INDEX KEY:** 0001432353
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-151713
- **FILM NUMBER:** 23689632

**BUSINESS ADDRESS:**
- **STREET 1:** 605 THIRD AVENUE
- **STREET 2:** 43RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10158
- **BUSINESS PHONE:** (212) 644-6110

**MAIL ADDRESS:**
- **STREET 1:** 605 THIRD AVENUE
- **STREET 2:** 43RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10158

## Series and Classes Contracts Data

### Global X SuperIncome Preferred ETF (Series ID: S000036904)

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|  |  |  |
|:---|:---|:---|
| Class Name                         | Ticker Symbol | Class ID   |
| Global X SuperIncome Preferred ETF | SPFF          | C000112947 |

---

## Series and Classes Contracts Data

### Global X SuperIncome Preferred ETF (Series ID: S000036904)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000112947 | Global X SuperIncome Preferred ETF | SPFF            |

?xml version="1.0" ? ck0001432353-20221031

**GLOBAL X FUNDS**

**(the "Trust")**

**Global X SuperIncome™ Preferred ETF (SPFF) (the "Fund")**

**SUPPLEMENT DATED MARCH 1, 2023**

**TO THE SUMMARY PROSPECTUS, STATUTORY PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION ("SAI") FOR THE ABOVE SERIES OF THE TRUST DATED MARCH 1, 2023, AS AMENDED AND SUPPLEMENTED FROM TIME TO TIME**

*Capitalized terms and certain other terms used in this supplement, unless otherwise defined in this supplement, have the meanings assigned to them in the Summary Prospectus, Statutory Prospectus and SAI.*

**<u>As previously communicated on January 27, 2023, effective April 3, 2023 (the "Effective Date"), the Fund's Underlying Index will change from the S&P Enhanced Yield North American Preferred Stock Index to the Global X U.S. High Yield Preferred Index. From the date of this supplement to the Effective Date, the following disclosure is in effect and shall supersede the corresponding disclosure in the Fund's March 1, 2023 Summary Prospectus, Statutory Prospectus and SAI.</u>**

**1. Prior to the Effective Date, the following disclosure replaces and supersedes the section titled "INVESTMENT OBJECTIVE" in the Fund's Summary Prospectus and Statutory Prospectus:**

**INVESTMENT OBJECTIVE**

The Global X SuperIncome™ Preferred ETF ("Fund") seeks 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 ("Underlying Index").

**2. Prior to the Effective Date, the following disclosure replaces and supersedes the section of the Fund's Summary Prospectus and Statutory Prospectus titled "PRINCIPAL INVESTMENT STRATEGIES":**

The Fund will invest at least 80% of its total assets in the securities of the S&P Enhanced Yield North American Preferred Stock Index ("Underlying Index") and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the Underlying Index. Moreover, at least 80% of the Fund's total assets will be invested in preferred securities. The Fund's 80% investment policies are non-fundamental and require 60 days prior written notice to shareholders before they can be changed. The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of the collateral received).

The Underlying Index tracks the performance of the highest-yielding preferred securities in the United States and Canada, as determined by Standard & Poor's Financial Services, LLC, a subsidiary of the McGraw-Hill Companies ("S&P"), the provider of the Underlying Index ("Index Provider"). The Underlying 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 Underlying Index does not seek to directly reflect the performance of the companies issuing the preferred stock. As of December 31, 2022, the Underlying Index had 45 constituents. The Fund's investment objective and Underlying Index may be changed without shareholder approval.

In general, preferred stock is a class of equity security that pays a specified dividend that must be paid before any dividends can be paid to common stockholders, and which takes precedence over common stock in the event of the company's liquidation. Although preferred stocks represent a partial ownership interest in a company, preferred stocks generally do not carry voting rights and have economic characteristics similar to fixed income securities. Preferred stocks generally are issued with a fixed par value and pay dividends based on a percentage of that par value at a fixed or variable rate. Additionally, preferred stocks often have a liquidation value that generally equals the original purchase price of the preferred stock at the date of issuance. The Underlying Index may include many

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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 Underlying Index is sponsored by the Index Provider, which is an organization that is independent of, and unaffiliated with, the Fund and Global X Management Company LLC, the investment adviser for the Fund ("Adviser"). The Index Provider determines the relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.

The Adviser uses a "passive" or indexing approach to try to achieve the Fund's investment objective. Unlike many investment companies, the Fund does not try to outperform the Underlying 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 Underlying Index in approximately the same proportions as in the Underlying Index. However, the Fund may utilize a representative sampling strategy with respect to the Underlying Index when a replication strategy might be detrimental or disadvantageous to shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to replicate the Underlying Index, in instances in which a security in the Underlying 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 Underlying Index.

The Adviser expects that, over time, the correlation between the Fund's performance and that of the Underlying Index, before fees and expenses, will exceed 95%. A correlation percentage of 100% would indicate perfect correlation.

The Fund concentrates its investments (i.e*.*, holds 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. As of December 31, 2022, the Underlying Index was concentrated in the banking industry and had significant exposure to the financials sector.

**3. Prior to the Effective Date, the following principal risk factor is added to the section of the Fund's Summary Prospectus titled "SUMMARY OF PRINCIPAL RISKS – Capitalization Risk**" **and the section of the Fund's Statutory Prospectus titled "<u>A FURTHER DISCUSSION OF PRINCIPAL RISKS</u> – <u>Capitalization Risk</u>":**

**Mid-Capitalization Companies Risk:** Mid-capitalization companies may have greater price volatility, lower trading volume and less liquidity than large-capitalization companies. In addition, mid-capitalization companies may have smaller revenues, narrower product lines, less management depth and experience, smaller shares of their product or service markets, fewer financial resources and less competitive strength than large-capitalization companies.

**4. Prior to the Effective Date, the following disclosure replaces and supersedes the section of the Fund's Statutory Prospectus and SAI titled "<u>INFORMATION REGARDING THE INDICES AND THE INDEX PROVIDERS</u>" with respect to the Fund only:**

**<u>S&P Enhanced Yield North American Preferred Stock Index</u>**

The S&P Enhanced Yield North American Preferred Stock Index tracks the performance of the highest yielding preferred securities in the United States, as determined by the Index Provider. The Underlying 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 Underlying Index does not seek to directly reflect the performance of the companies issuing the preferred stock. The Underlying Index is maintained by S&P.

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**5. Prior to the Effective Date, the following disclosure replaces and supersedes the third paragraph under the section of the Fund's Statutory Prospectus and SAI titled "<u>INFORMATION REGARDING THE INDICES AND THE INDEX PROVIDERS</u> – <u>Disclaimers</u>":**

Standard & Poor's<sup>®</sup>, S&P<sup>®</sup> and S&P 500 Stock Covered Call™ are registered trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by the Adviser. Each of the Global X S&P 500<sup>®</sup> Catholic Values ETF, Global X S&P 500<sup>®</sup> Covered Call ETF, Global X S&P Catholic Values Developed ex-U.S. ETF, Global X S&P 500<sup>®</sup> Covered Call & Growth ETF, Global X S&P 500<sup>®</sup> Tail Risk ETF, Global X S&P 500<sup>®</sup> Risk Managed Income ETF, Global X S&P 500<sup>®</sup> Collar 95-110 ETF and Global X S&P Catholic Values U.S. Aggregate Bond ETF ("ETF") is not sponsored, endorsed, sold or promoted by Standard & Poor's and its affiliates ("S&P"). S&P makes no representation, condition or warranty, express or implied, to the owners of the ETF or any member of the public regarding the advisability of investing in securities generally or in the ETF particularly or the ability of the S&P Enhanced Yield North American Preferred Stock Index, S&P 500<sup>®</sup> Catholic Values Index, S&P 500 Stock Covered Call Index, S&P Developed ex-U.S. Catholic Values Index and S&P U.S. Catholic Values Aggregate Bond Capped Index (an "Index") to track the performance of certain financial markets and/or sections thereof and/or of groups of assets or asset classes. S&P's only relationship to the Adviser is the licensing of certain trademarks and trade names and of the index which is determined, composed and calculated by S&P without regard to the Adviser or the ETF. S&P has no obligation to take the needs of Global X Management Company, LLC or the owners of the ETF into consideration in determining, composing or calculating the index. S&P is not responsible for and has not participated in the determination of the prices and amount of the ETF or the timing of the issuance or sale of the ETF or in the determination or calculation of the equation by which the ETF units are to be converted into cash. S&P has no obligation or liability in connection with the administration, marketing, or trading of the ETF.

**PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE**