As filed with the U.S. Securities and Exchange Commission
on June 18, 2012
Securities Act File No. 333-151713
Investment Company Act File No. 811-22209
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM N-1A
Registration Statement Under The Securities Act Of 1933 þ
Pre-Effective Amendment No. ________ q
Post-Effective Amendment No. 72 þ
and/or
Registration Statement Under The Investment Company Act Of 1940 þ
Amendment No. 75 þ
(Check appropriate box or boxes)
Global X Funds
(Exact Name of Registrant as Specified in Charter)
399 Park Avenue, 32nd Floor
New York, NY 10022
(Address of Principal Executive Office)
Registrant’s Telephone Number, including Area Code: (212) 644-6440
Bruno del Ama Global X Management Company LLC 399 Park Avenue, 32nd Floor |
With a copy to:
Daphne Tippens Chisolm, Esq. | |
Law Offices of DT Chisolm, P.C. | |
11508 H-236 Providence Road | |
Charlotte, NC 28277 | |
It is proposed that this filing will become effective (check appropriate box)
þimmediately upon filing pursuant to paragraph (b)
q on (date) pursuant to paragraph (b)
q 60 days after filing pursuant to paragraph (a)(1)
q on (date) pursuant to paragraph (a)(1)
q 75 days after filing pursuant to paragraph (a)(2)
q on (date) pursuant to paragraph (a)(2) of rule 485.
If appropriate, check the following box:
q this post-effective amendment designates a new effective date for a previously filed post-effective amendment.
EXPLANATORY NOTE
This filing relates solely to the following series of the Registrant:
Global X Top Guru Holdings Index ETF
Global X Value Guru Holdings Index ETF
Global X Activist Investor Holdings Index ETF
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all the requirements for effectiveness of this Post-Effective Amendment No. 72 under Rule 485(b) under the Securities Act of 1933 and has duly caused this Post-Effective Amendment No. 72 to its Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City and State of New York on the 18th day of June, 2012.
Global X Funds |
By: /s/ Bruno del Ama |
President |
Pursuant to the requirements of the Securities Act of 1933, the Registration Statement has been signed below by the following persons in the capacities and on the date indicated.
Name | Title | Date | ||
/s/ Bruno del Ama | President (Principal Executive Officer) and Trustee | June 18, 2012 | ||
Bruno del Ama | ||||
/s/ Jose C. Gonzalez | Chief Operating Officer, Treasurer (Principal Financial Officer) and Principal Accounting Officer | June 18, 2012 | ||
Jose C. Gonzalez | ||||
* | ||||
Sanjay Ram Bharwani | Trustee | June 18, 2012 | ||
* | ||||
Scott R. Chichester | Trustee | June 18, 2012 | ||
* | ||||
Kartik Kiran Shah | Trustee | June 18, 2012 | ||
*/s/ Bruno del Ama | ||||
Attorney-In-Fact, pursuant to power of attorney
|
EXHIBIT INDEX
Index No. | Description of Exhibit |
EX-101.INS | XBRL Instance Document |
EX-101.SCH | XBRL Taxonomy Extension Schema Document |
EX-101.CAL | XBRL Taxonomy Extension Calculation Linkbase |
EX-101.DEF | XBRL Taxonomy Extension Definition Linkbase |
EX-101.LAB | XBRL Taxonomy Extension Labels Linkbase |
EX-101.PRE | XBRL Taxonomy Extension Presentation Linkbase |
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Label | Element | Value | ||
---|---|---|---|---|
Risk Return [Abstract] | rr_RiskReturnAbstract | |||
ProspectusDate | rr_ProspectusDate | May 31, 2012 | ||
Global X Value Guru Holdings Index ETF (Prospectus Summary) | Global X Value Guru Holdings Index ETF
|
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Risk Return [Abstract] | rr_RiskReturnAbstract | |||
Risk/Return, Heading | rr_RiskReturnHeading | Global X Value Guru Holdings Index ETF | ||
Investment Objective, Heading | rr_ObjectiveHeading | INVESTMENT OBJECTIVE | ||
investment Objective, Primary | rr_ObjectivePrimaryTextBlock | The Global X Value Guru Holdings Index ETF ("Fund") seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Value Guru Holdings Index ("Underlying Index"). |
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Expense, Heading | rr_ExpenseHeading | FEES AND EXPENSES | ||
Expense, Narrative | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses that you may pay if you buy and hold shares ("Shares") of the Fund. You will also incur usual and customary brokerage commission when buying and selling Shares. |
||
Operating Expenses, Caption | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment): | ||
Portfolio Turnover, Heading | rr_PortfolioTurnoverHeading | Portfolio Turnover: | ||
Portfolio Turnover | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. The Fund had not yet commenced investment operations as of the most recent fiscal year end. Thus, no portfolio turnover rate is provided for the Fund. |
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Expense, Exchange Traded Fund, Commissions | rr_ExpenseExchangeTradedFundCommissions | You will also incur usual and customary brokerage commission when buying and selling Shares. | ||
Other Expenses, New Fund, Based on Estimates | rr_OtherExpensesNewFundBasedOnEstimates | "Other Expenses" reflect estimated expenses for the Fund's first fiscal year of operations. | ||
Expense Example, Heading | rr_ExpenseExampleHeading | Example: | ||
Expense Example, Narrative | rr_ExpenseExampleNarrativeTextBlock | The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other funds. This example does not take into account customary brokerage commissions that you pay when purchasing or selling shares of the Fund in the secondary market. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: |
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Investment Strategy, Heading | rr_StrategyHeading | PRINCIPAL INVESTMENT STRATEGIES | ||
Investment Strategy, Narrative | rr_StrategyNarrativeTextBlock | The Fund invests at least 80% of its total assets in the securities of the Underlying Index. The Fund's 80% investment policy is non-fundamental and requires 60 days' prior written notice to shareholders before it can be changed. The Underlying Index is comprised of U.S. listed equity positions reported on Form 13F by a select group of the entities that Structured Solutions AG (the "Index Provider") characterizes as premier value investors. Value investors are selected from a universe of investors that aim to buy securities that appear undervalued based on fundamental analysis, as defined by the Index Provider. The Index Provider applies a number of criteria to narrow the pool of investors to a small group that has demonstrated an outstanding long-term performance track record. Value investors must have minimum reported holdings of $1 billion in their form 13F to be considered for the index. As of April 30, 2012, there were 20 value investors used for the construction of the Underlying Index. Once the pool of value investors has been determined, the Index Provider utilizes 13F filings to compile the largest two position increases from each of these investors. Position increases are subject to minimum sizes to be considered. Positions will be sold when they decrease materially in subsequent 13F reports. The stocks are screened for liquidity, equal weighted, and rebalanced quarterly following the 13F filing timeline. As of April 30, 2012, the Underlying Index had 42 constituents. The Index Provider is independent of the Fund and Global X Management Company LLC, the investment adviser for the Fund ("Adviser"). The Index Provider determines the relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index. The Fund's Index Provider is Structured Solutions AG. The Fund's investment objective and Underlying Index may be changed without shareholder approval. The Adviser uses a "passive" or indexing approach to try to achieve the Fund's investment objective. Unlike many investment companies, the Fund does not try to "beat" the Underlying Index and does not seek temporary defensive positions when markets decline or appear overvalued. The Fund generally will use a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of the Underlying Index in approximately the same proportions as in the Underlying Index. However, the Fund may utilize a representative sampling strategy with respect to the Underlying Index when a replication strategy might be detrimental to shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to follow the Underlying Index, in instances in which a security in the Underlying Index becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to the Fund but not the Underlying Index. Correlation: Correlation is the extent to which the values of different types of investments move in tandem with one another in response to changing economic and market conditions. An index is a theoretical financial calculation, while the Fund is an actual investment portfolio. The performance of the Fund and the Underlying Index may vary somewhat due to transaction costs, asset valuations, foreign currency valuations, market impact, corporate actions (such as mergers and spin-offs), legal restrictions or limitations, illiquid or unavailable securities, and timing variances. The Adviser expects that, over time, the correlation between the Fund's performance and that of the Underlying Index, before fees and expenses, will exceed 95%. A correlation percentage of 100% would indicate perfect correlation. If the Fund uses a replication strategy, it can be expected to have greater correlation to the Underlying Index than if it uses a representative sampling strategy. Industry Concentration Policy: The Fund concentrates its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. |
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Investment Strategy, Portfolio Concentration | rr_StrategyPortfolioConcentration | The Fund concentrates its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. | ||
Risk, Heading | rr_RiskHeading | SUMMARY OF PRINCIPAL RISKS | ||
Risk, Narrative | rr_RiskNarrativeTextBlock | As with any investment, you could lose all or part of your investment in the Fund, and the Fund's performance could trail that of other investments. The Fund is subject to the principal risks noted below, any of which may adversely affect the Fund's net asset value ("NAV"), trading price, yield, total return and ability to meet its investment objective, as well as other risks that are described in greater detail in the Additional Information About the Fund's Strategies and Risks section of the Prospectus and in the Statement of Additional Information ("SAI"). Asset Class Risk: Securities in the Underlying Index or the Fund's portfolio may underperform in comparison to the general securities markets or other asset classes. Concentration Risk: To the extent that the Fund's investments are concentrated in a particular country, market, industry or asset class, the Fund will be susceptible to loss due to adverse occurrences affecting that country, market, industry or asset class. Equity Securities Risk: Equity securities are subject to changes in value and their values may be more volatile than other asset classes. Foreign Security Risk: Investments in the securities of foreign issuers (including investments in ADRs) are subject to the risks associated with investing in those foreign markets, such as heightened risks of inflation or nationalization. In addition, securities of foreign issuers may lose value due to political, economic and geographic events affecting a foreign issuer or market. During periods of social, political or economic instability in a country or region, the value of a foreign security traded on United States' exchanges, nonetheless, could be affected by, among other things, increasing price volatility, illiquidity, or the closure of the primary market on which the security (or the security underlying the ADR) is traded. The Fund may lose value due to political, economic and geographic events affecting a foreign issuer or market. Geographic Risk: A natural disaster could occur in a geographic region in which the Fund invests. Issuer Risk: Fund performance depends on the performance of individual companies in which the Fund invests. Changes to the financial condition of any of those companies may cause the value of their securities to decline. Liquidity Risk: Liquidity risk exists when particular investments are difficult to purchase or sell. This can reduce the Fund's returns because the Fund may be unable to transact at advantageous times or prices. Management Risk: The Fund is subject to the risk that the Adviser's investment management strategy may not produce the intended results. Market Risk: The Fund's NAV could decline over short periods due to short-term market movements and over longer periods during market downturns. Market Trading Risks: The Fund faces numerous market trading risks, including the potential lack of an active market for Shares, losses from trading in secondary markets, and disruption in the creation/redemption process of the Fund. Any of these factors may lead to the Shares trading at a premium or discount to NAV. Non-Diversification Risk: The Fund may invest a large percentage of its assets in securities issued by or representing a small number of issuers. As a result, the Fund's performance may depend on the performance of a small number of issuers. Passive Investment Risk: The Fund is not actively managed and the Adviser does not attempt to take defensive positions in declining markets. Risk Related to Form 13F Data: The 13F filings used to select the securities in the Underlying Index are filed up to 45 days after the end of each calendar quarter. Therefore a given investor may have already sold its position by the time the security is added to the Underlying Index. Furthermore, the 13F may only disclose a subset of a particular investor's holdings, as not all securities are required to be reported on the form 13F. As a result, the form 13F may not provide a complete picture of the holdings of a given investor. Because the 13F is publicly available information, it is possible that other investors are also monitoring these filings and investing accordingly. This may result in inflation of the share price of securities in which the Fund invests. Securities Lending Risk: Securities lending involves the risk that the Fund loses money because the borrower fails to return the securities in a timely manner or at all. The Fund could also lose money in the event of a decline in the value of the collateral provided for loaned securities or of investments made with cash collateral. These events could also trigger adverse tax consequences for the Fund. As securities on loan may not be voted by the Fund, there is a risk that the Fund may not be able to recall the securities in sufficient time to vote on material proxy matters. Small- and Mid-Capitalization Companies Risk: Small and mid-capitalization companies may have greater volatility in price than the stocks of large-capitalization companies due to limited product lines or resources or a dependency upon a particular market niche. Tracking Error Risk: The performance of the Fund may diverge from that of the Underlying Index. Trading Halt Risk: An exchange or market may close or issue trading halts on specific securities, or the ability to buy or sell certain securities or financial instruments may be restricted, which may result in the Fund being unable to buy or sell certain securities or financial instruments. In such circumstances, the Fund may be unable to rebalance its portfolio, may be unable to accurately price its investments and/or may incur substantial trading losses. Valuation Risk: The value of the securities in the Fund's portfolio may change on days when shareholders will not be able to purchase or sell the Fund's Shares. |
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Risk, Lose Money | rr_RiskLoseMoney | As with any investment, you could lose all or part of your investment in the Fund, and the Fund's performance could trail that of other investments. | ||
Risk, Nondiversified Status | rr_RiskNondiversifiedStatus | The Fund may invest a large percentage of its assets in securities issued by or representing a small number of issuers. As a result, the Fund's performance may depend on the performance of a small number of issuers. | ||
Bar Chart and Performance Table, Heading | rr_BarChartAndPerformanceTableHeading | PERFORMANCE INFORMATION | ||
Performance, Narrative | rr_PerformanceNarrativeTextBlock | The Fund does not have a full calendar year of performance. Thus, no bar chart or Average Annual Total Returns table is included for the Fund. |
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Performance, One Year or Less | rr_PerformanceOneYearOrLess | The Fund does not have a full calendar year of performance. Thus, no bar chart or Average Annual Total Returns table is included for the Fund. | ||
Global X Value Guru Holdings Index ETF (Prospectus Summary) | Global X Value Guru Holdings Index ETF | Global X Value Guru Holdings Index ETF
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Risk Return [Abstract] | rr_RiskReturnAbstract | |||
Management Fees: | rr_ManagementFeesOverAssets | 0.65% | ||
Distribution and Service (12b-1) Fees: | rr_DistributionAndService12b1FeesOverAssets | none | ||
Other Expenses: | rr_OtherExpensesOverAssets | none | [1] | |
Total Annual Fund Operating Expenses: | rr_ExpensesOverAssets | 0.65% | ||
Expense Example, With Redemption, 1 Year | rr_ExpenseExampleYear01 | 66 | ||
Expense Example, With Redemption, 3 Years | rr_ExpenseExampleYear03 | 208 | ||
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