Global X Management Company LLC

Item 5 – Fees and Compensation

Global X’s fees will vary depending on various factors, including the type of service offered and the
strategy utilized. The fees and compensation associated with the investment advisory services Global
X offers are detailed below.

Adviser to U.S. ETFs

Global X provides or causes to be furnished, all supervisory, administrative and other services
reasonably necessary for the operation of the Funds which are part of the Global X ETFs issued by
the Trust (“Global X U.S. ETFs”). Global X also bears the costs of various third-party services required
by the Global X U.S. ETFs, including audit, certain custodial, portfolio accounting, legal, transfer
agency and printing costs. The Supervision and Administration Agreement also requires Global X to
provide investment advisory services to the Global X U.S. ETFs pursuant to an Investment Advisory
Agreement. Both the Supervision and Administration Agreement and the Investment Advisory
Agreement are subject to annual review and approval by the non-interested members of the Trust’s
Board of Trustees.

Each Global X U.S. ETF pays Global X a fee (“Management Fee”) in return for providing investment
advisory, supervisory and administrative services under a unitary fee structure. The fee is based on
the daily net asset value of each Global X U.S. ETF and is deducted from the Global X U.S. ETF’s
assets in arrears on a monthly basis. The fee is negotiated with, and subject to approval by, the Board
of Trustees of the Global X U.S. ETFs. Each Global X U.S. ETF's prospectus sets forth the applicable
Management Fee, which generally ranges from 0.02% to 0.90%. Global X may earn a profit on the
Management Fee paid by the Global X U.S. ETFs.

Each Global X U.S. ETF also bears other fees and expenses that are not covered by the Supervision
and Administration Agreement, which may vary and will affect the total expense ratio of the Global X
U.S. ETF, such as taxes, brokerage fees, acquired fund fees, commissions and other transaction
expenses, interest and extraordinary expenses (such as litigation and indemnification expenses).
Certain of the Global X U.S. ETFs also bear asset-based custodial fees not covered by the Supervision
and Administration Agreement. Global X, and not Global X U.S. ETF shareholders, would benefit from
any price decreases in third-party services, including decreases resulting from an increase in net
assets, to the extent such third-party services are included in the all-in fee structure.

The discussion of fees, costs and expenses provided above is a summary only. Please refer to the
prospectus of the relevant Global X U.S. ETF for a more detailed discussion of the applicable fees,
expenses and costs relating to an investment in the Global X U.S. ETF(s).

Adviser to Global X UCITS ETFs

The Adviser serves as Investment Manager and Global Distributor to the Global X UCITS ETFs and
further sub-delegates the majority of these tasks to a group affiliate Global X Management Company
(UK) Limited. The Management Fee (also described as the TER) is based on the daily net asset value
of each Global X UCITS ETF and is deducted from the Global X UCITS ETF’s assets in arrears on a
monthly daily basis. Each Global X UCITS ETF's prospectus documentation sets forth the applicable
Investment Management Fee, which generally ranges from 0.07% to 0.68%. The excess of the
Management Fee remaining after applicable fees and charges (denoted in the Prospectus) is paid by
the Global X UCITS ETFs to the Management Company (Global X Management Company (Europe)
Limited) which is also an affiliate of the adviser. The Management Company will then pay a transfer
price to the respective affiliate for the services rendered. Global X may earn a profit on the Investment
Management Fee paid by the Global X UCITS ETFs. Due to the services being sub-delegated by the
Adviser to its UK based affiliate, Global X Management Company (UK) Limited, the UK based affiliate
may earn a profit on the transfer price paid by the Management Company.

The discussion of fees, costs and expenses provided above is a summary only. Please refer to the
prospectus documentation of the relevant Global X UCITS ETF for a more detailed discussion of the
applicable fees, expenses and costs relating to an investment in the Global X UCITS ETF(s).

Model Portfolio Services

Global X may receive a fee from Third-Party Providers to whom it provides Model Portfolios. The terms
of Global X’s agreements with such Third-Party Providers may vary between Third-Party Providers
and will be specified in the applicable agreement. Fees will be calculated and billed in accordance with
the applicable agreement and may be in the form of a flat or asset-based fee. A Third-Party Provider
may pay a flat fee to Global X for the use of the Model Portfolios in providing investment advice to its
underlying clients. In other cases, Global X may charge an asset-based fee to Third-Party Providers
based on the aggregate value of the underlying investor assets invested by the Third-Party Provider
based on a Model Portfolio.

Global X is not compensated directly by any investor the assets of which are invested based on a
Model Portfolio; however, a Third-Party Provider, in its sole discretion or in connection with the
applicable written agreement between Global X and the Third-Party Provider, may in some instances
pass all or a portion of its costs, including fees due to Global X, on to the underlying investor. Third-
Party Providers may charge clients a fee for their services separate and distinct from any fees paid to
Global X by the Third-Party Provider. Global X may from time to time, in its sole discretion, reduce or
waive its fees for certain Third-Party Providers, which may result in a disparity in fees charged.

In addition, ETFs, including those ETFs in the Model Portfolios, pay certain fees and expenses
...

Item 7 – Types of Clients

Global X provides portfolio management services to SEC registered open-end management
investment companies, Interval Funds and UCITS funds. In connection with the marketing of Global
X ETF shares, certain Global X employees review the portfolios of institutional investors and discuss
how a Global X ETF could be added to the portfolio to optimize the institutional investors’ holdings.
No fees are charged in connection with the portfolio reviews and Global X and the institutional
investors have not entered into any investment advisory contract.

Global X also provides Model Portfolios to Third-Party Providers who may utilize them to provide
investment advisory services to their clients or make them available to other financial intermediaries
for such use.

Global X provides portfolio management or sub-advisory services to non-US registered funds,
including, but not limited to, Fondo Bursatil Global X Colombia Select de S&P, Fondo Bursatil Global
X Tes Colombia Local GBI EM ID ETF and the Global X UCITS ETFs.