Global X Permanent ETF
Premium Discount Chart
Data as of 05/22/2013
 
NAV Mid-Point Premium/Discount
$24.46 $24.43 $-0.03
     
HISTORICAL DATA
Quarter Ending: 06/30/2013 		NAV & Midpoint are
calculated at 4:00pm ET
Days between -0.5% & 0% 34.21%
# Of Days between -0.5% & 0% 13
Days between 0% & +0.5% 63.16%
# Of Days between 0% & +0.5% 24
# of Days at: Premium 24
  NAV 0
  Discount 14
Greatest Premium 0.40%
Greatest Discount -0.84%
   
PREMIUM DISCOUNT / FREQUENCY
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Frequency
The Mid Price is the average of the Ask Price and Bid Price.

Chart Explanation
The Premium/Discount chart demonstrates the difference between the daily market price of shares of the Fund and the Fund's net asset value (NAV). The daily market price is calculated using the Midpoint price which is the midpoint between the Ask price and the Bid price at the time the NAV is calculated (generally 4:00 p.m. eastern time for most Global X funds). The vertical axis of the chart shows the premium or discount of the Midpoint price as a percentage of the NAV. The horizontal axis shows the number of trading days covered by the chart, and each bar in the chart demonstrates how many days the Fund traded within the given premium/discount range. The data presented in the chart and table above represent past performance and cannot be used to predict future results.

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How can the Fund trade at a premium/discount to its NAV?
The primary explanation is that timing discrepancies can arise between the NAV and the closing price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time discrepancies?

  • Close of Trading Times - Although both the NAV and the closing trade of the Fund are generally calculated at the closing time of 4:00 p.m. eastern time, slight differences in this timing may cause discrepancies.
     
  • Time of Last Trade - Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.
     
  • International Holdings - The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the closing price.
 
 

Carefully consider the fund's investment objectives, risks, and charges and expenses. This and other information can be found in the fund's prospectus. Click here for the prospectus. 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. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Structured Solutions AG, FTSE, Standard & Poors, NASDAQ, or S-Network, nor do these companies make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO nor Global X is affiliated with Structured Solutions AG, FTSE, Standard & Poors, NASDAQ or S-Network.

Investing involves risk, including the possible loss of principal. Bonds will lose value as interest rates rise. The Fund invests in gold ETFs/ETCs. The return from investments in gold will be derived solely from the price gains or losses from the commodity. Gold may also be significantly affected by developments in the gold mining industry and prices of gold may fluctuate sharply over short periods of time. REITs are particularly vulnerable to decline in the event of deflationary economic conditions, and are subject to interest rate risk, leverage risk, property risk and management risk. The Fund may hold ETFs. As a result, the Fund is subject to the same risks as the underlying ETFs.