NEW YORK, Sept. 17, 2021 (GLOBE NEWSWIRE) -- Global X ETFs, the New York-based provider of exchange-traded funds, today announced the scheduled liquidation of three ETFs (the “Funds”), based on an ongoing review process of its product lineup to ensure it meets the evolving needs of its clients. The Funds scheduled for liquidation include:
| Fund | Ticker | CUSIP |
| Global X TargetIncome® 5 ETF | TFIV | 37954Y582 |
| Global X TargetIncome® Plus 2 ETF | TFLT | 37954Y590 |
| Global X MSCI China Large-Cap 50 ETF | CHIL | 37954Y566 |
Based upon the recommendation of Global X Management Company LLC, the Trust's adviser, the Board of Trustees determined on September 17, 2021 that it was in the best interests of the Funds and their shareholders to liquidate each of the Funds. The Funds represent less than 1% of the assets of Global X ETFs.
Shareholders may sell their holdings in the Funds prior to the end of the trading day on [Friday, October 15, 2021], and customary brokerage charges may apply to these transactions. The Funds will cease trading at the end of the trading day on Friday, October 15, 2021. The Funds will liquidate on or around Friday, October 22, 2021. Any person holding shares in the Funds as of the liquidation date will receive a cash distribution equal to the net asset value of their shares as of that date. Global X Management Company LLC, the adviser to the Funds, will bear all fees and expenses that may be incurred in connection with the liquidation of the Funds and the distribution of cash proceeds to investors, other than brokerage fees and other related expenses.
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.i 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.ii
Important Information
Investing involves risk, including the possible loss of principal. The investable universe of companies in which the Funds invest may be limited. Narrowly focused investments will be more susceptible to factors affecting that sector and subject to more volatility. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. The Funds are non-diversified.
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 funds’ investment objectives, risks, and charges and expenses. This and other information can be found in the fund’s full or summary prospectuses, which may be obtained at globalxetfs.com. 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.
i Source: Global X, as of 9/10/21.
ii Source: Mirae Asset, as of March 2021.
