Yahoo Finance Global X Announces Name, Fee and Strategy Changes to Global X SuperDividend® Alternatives ETF (ALTY)
NEW YORK, Sept. 27, 2021 (GLOBE NEWSWIRE) -- Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), has announced plans to make name, fee and strategy changes to the Global X SuperDividend® Alternatives ETF (ALTY). No action is required by current shareholders as a result of this change. These changes were previously communicated via a supplement to the Fund’s Summary Prospectus, Statutory Prospectus and Statement of Additional Information (“SAI”) as published on July 23, 2021.
THE FOLLOWING CHANGES ARE EFFECTIVE AS OF SEPTEMBER 28, 2021
Current Fund Name | New Fund Name |
Global X SuperDividend® Alternatives ETF | Global X Alternative Income ETF |
The following changes will be made to the Fund’s fees and expenses:
Current Fund Fees and Expenses | New Fund Fees and Expenses | |
Management Fees | 0.75% | 0.50% |
Distribution and Service (12b-1) Fees | None | None |
Other Expenses | 0.00% | 0.00% |
Acquired Fund Fees and Expensesi | 2.07% | 0.00% |
Total Annual Fund Operating Expenses | 2.82% | 0.50% |
In addition, as a result of a revision to the index methodology for the Fund’s underlying index, the Indxx SuperDividend® Alternatives Index, the Fund will undergo a strategy change as previously communicated.
About Global X ETFs
Global X ETFs was founded in 2008. For more than a decade, our mission has been empowering investors with unexplored and intelligent solutions. Our product lineup features more than 90 ETF strategies and over $35 billion in assets under management.ii While we are distinguished for our Thematic Growth, Income and International Access ETFs, we also offer Core, Commodity, and Alpha funds to suit a wide range of investment objectives. Explore our ETFs, research and insights, and more at www.globalxetfs.com.
Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with more than $550 billion in assets under management worldwide. Mirae Asset has an extensive global ETF platform ranging across the US, Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam with over $60bn in assets under management.iii
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Risk Information
Investing involves risk, including the possible loss of principal. Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.
Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Indxx, nor does Indxx make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X Management Company LLC nor Mirae Asset Global Investments are affiliated with Indxx.
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i "Acquired Fund Fees and Expenses" sets forth the Fund's pro rata portion of the cumulative expenses charged by the exchange-traded funds, closed-end funds, business development companies and other investment companies in which the Fund invests. These expenses are calculated based on the Fund's portfolio holdings during the prior fiscal period. The actual Acquired Fund Fees and Expenses will vary with changes in the allocations of the Fund's assets. Total annual fund operating expenses do not correlate with the ratios of expenses to average net assets reported in the financial highlights tables in the Fund’s Prospectus and in the Fund’s shareholder reports, which reflect the Fund’s operating expenses and do not include acquired fund fees and expenses.
ii Source: Global X, as of 9/22/21.
iii Source: Mirae Asset, as of March 2021.
