Global X Ultra Short Nasdaq 100 Complex ETF (ASX: SNAS)

The Global X Ultra Short Nasdaq 100 Complex ETF (SNAS) provides a sophisticated mechanism for investors to achieve negatively geared exposure to the Nasdaq-100 Index. By utilising E-mini Nasdaq-100 Futures, the fund delivers returns that move in the opposite direction of the index, targeting a gearing range of -200% to -275% of its net asset value. This means a 1% decline in the Nasdaq-100 is expected to result in a gain of between 2% and 2.75% for the fund over short intervals.

The fund is currency hedged to the Australian dollar, isolating the performance of the underlying technology-heavy index from exchange rate volatility. SNAS serves as a powerful tactical tool for hedging existing portfolios or capitalising on anticipated market downturns in the US technology sector. Given that gearing magnifies both gains and losses, the fund requires frequent monitoring and is designed for active management rather than long-term holding.

SNAS is an exchange traded managed fund that aims to provide investors with geared returns that are negatively related to the returns of the Nasdaq-100 Index. The fund provides exposure to the Nasdaq-100 Index of between -200% and -275% of its net asset value.

The Global X Ultra Short Nasdaq 100 Complex ETF (SNAS) seeks to provide investors with negatively geared exposure to the Nasdaq-100 Index.

• The market capitalisation of the Nasdaq-100 is valued at US$18.37 trillion.¹ This is more than 10x the market capitalisation of the ASX 200.
• Technology companies account for more than 50% of the Nasdaq-100 and innovative technology is a key component across all index inclusions.²

¹ Bloomberg as at 5 December 2023
² Nasdaq data as at 5 December 2023

• The fund uses gearing in the form of derivatives to implement its investment strategy.
• It primarily uses E-mini Nasdaq-100 Futures contracts listed on the Chicago Mercantile Exchange.
• It is currency hedged, meaning that exposure to currency movements between the US dollar and the Australian dollar is reduced, though not necessarily eliminated.
• The target gearing range varies from a minimum of -200% to a maximum of -275%.

Over a short interval of time, this means that for every 1% movement in the Nasdaq-100 Index, the fund is expected to return between 2.00% and 2.75% in the opposite direction, depending on the degree of leverage deployed by the fund manager over that time interval.

SNAS invests in derivatives, such as listed futures contracts, to achieve its objective. Futures are contracts between parties to buy or sell an asset at a particular price at a future date. Shorting a future means that the seller hopes to gain by markets falling below the agreed purchase price.

• Gearing magnifies and increases the extent of both gains and losses.
• Investors in SNAS will not lose more than they have invested.
• The leverage amount can vary at any point in time, meaning returns may not exactly replicate the index multiplied by the leverage factor for more than short periods of time.
• Investors should monitor their geared investments frequently. This is not a buy-and-hold form of investment.

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The issuer of units in Global X Ultra Short Nasdaq 100 Complex Fund (SNAS) ARSN: 636 515 887 is the responsible entity of the Fund, being Global X Management (AUS) Limited (AFSL 466778) ("Global X"). The product disclosure statement (PDS) for the Fund contains all of the details of the offer of units in the Fund. Copies of the PDS are available from Global X Management (AUS) Limited or at www.globalxetfs.com.au. In respect of each retail product, Global X has prepared a target market determination (TMD) which describes the type of customers who the relevant retail product is likely to be appropriate for. The TMD also specifies distribution conditions and restrictions that will help ensure the relevant product is likely to reach customers in the target market. Each TMD is available at www.globalxetfs.com.au. The information provided in this document is general in nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information in this document, you should consider the appropriateness of the information having regard to your objectives, financial situation or needs and consider seeking independent financial, legal, tax and other relevant advice having regard to your particular circumstances. Any investment decision should only be made after obtaining and considering the relevant PDS and TMD. Investments in any product issued by Global X are subject to investment risk, including possible delays in repayment and loss of income and principal invested. None of Global X, the group of companies which Mirae Asset Global Investments Co., Ltd is the parent, or their respective directors, employees or agents guarantees the performance of any products issued by Global X or the repayment of capital or any particular rate of return therefrom. The value or return of an investment will fluctuate and an investor may lose some or all of their investment. Past performance is not a reliable indicator of future performance. The Fund is not sponsored, endorsed, sold or promoted by Nasdaq, Inc. or its affiliates (Nasdaq, with its affiliates, are referred to as the “Corporations”). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, the Fund. The Corporations make no representation or warranty, express or implied to the owners of the Fund or any member of the public regarding the advisability of investing in securities generally or in the Fund particularly, or the ability of the Nasdaq 100 to track general stock market performance. The Corporations’ only relationship to Global X Management (AUS) Limited (“Licensee”) is in the licensing of the Nasdaq, Nasdaq 100 and certain trade names of the Corporations and the use of the Nasdaq 100 which is determined, composed and calculated by Nasdaq without regard to Licensee or the Fund. Nasdaq has no obligation to take the needs of the Licensee or the owners of the Fund into consideration in determining, composing or calculating the Nasdaq 100. The Corporations are not responsible for and have not participated in the determination of the timing of, prices at, or quantities of the Fund to be issued or in the determination or calculation of the equation by which the Fund is to be converted into cash. The Corporations have no liability in connection with the administration, marketing or trading of the Fund. The Corporations do not guarantee the accuracy and/or uninterrupted calculation of the Nasdaq 100 or any data included therein. The Corporations make no warranty, express or implied, as to results to be obtained by Licensee, owners of the fund, or any other person or entity from the use of the Nasdaq 100 or any data included therein. The Corporations make no express or implied warranties, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the Nasdaq 100® or any data included therein. Without limiting any of the foregoing, in no event shall the Corporations have any liability for any lost profits or special, incidental, punitive, indirect, or consequential damages, even if notified of the possibility of such damages.