GLOBAL X COMPLETES CHANGES FOR THREE ETFs

Global X Semiconductor Index ETF, Global X Pipelines & Energy Services Index ETF, Global X Canadian Utility Services High Dividend Index ETF

Mar 04 2025 13:00 GMT

TORONTO , March 4, 2025 /CNW/ - Global X Investments Canada Inc. ("Global X" or the "Manager") announced today that it has completed its changes (the "Changes") for three exchange-traded funds, collectively, the Global X Equal Weight Canadian Pipelines Index ETF ("PPLN"), Global X Artificial Intelligence Semiconductor Index ETF ("CHPS") and Global X Equal Weight Canadian Utilities Index ETF ("UTIL", and together with PPLN and CHPS, the "ETFs").

The Changes follow approvals by unitholders of the ETFs at special meetings held on February 27, 2025. The Changes are outlined below and are effective at the opening of trading today, March 4, 2025.

"With these changes, including a management fee reduction for both of PPLN and UTIL, we're confident these three ETFs will continue to deliver potential opportunity and value for Canadian investors," said Chris McHaney, Executive Vice President, Investment Management & Strategy at Global X.

Changes of Investment Objectives

The changes to each ETF's investment objective are as follows:

ETF	Prior Investment Objective	New Investment Objective
PPLN	PPLN seeks to replicate, to the extent possible, the performance of the Solactive Pipelines & Energy Services Index, net of expenses. The Solactive Pipelines & Energy Services Index is designed to provide exposure to equity securities of certain Canadian oil and gas companies in the Midstream Sector.	PPLN seeks to replicate, to the extent reasonably possible and net of expenses, the performance of an equal-weighted index designed to provide exposure to the largest Canadian Pipeline companies (currently, the Mirae Asset Equal Weight Canadian Pipeline Index).
CHPS	CHPS seeks to replicate, to the extent possible and net of expenses, the performance of an index that is designed to provide exposure to the performance of global, publicly listed companies engaged in the production and development of semiconductors and semiconductor equipment. Currently, CHPS seeks to replicate the performance of the Solactive Capped Global Semiconductor Index, net of expenses. CHPS seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times.	CHPS seeks to replicate, to the extent reasonably possible and net of expenses, the performance of an index designed to provide exposure to public companies listed on select US exchanges that are engaged in the AI semiconductor value chain (currently, the PHLX US AI Semiconductor Index).
UTIL	UTIL seeks to replicate, to the extent possible, the performance of an index that seeks to provide exposure to the performance of TSX-listed high dividend-paying utility services companies. Currently, UTIL seeks to replicate the performance of the Solactive Canadian Utility Services High Dividend Index, net of expenses.	UTIL seeks to replicate, to the extent reasonably possible and net of expenses, the performance of an equal-weighted index designed to provide exposure to the largest Canadian utilities companies (currently, the Mirae Asset Equal Weight Canadian Utilities Index).

CHPS no longer seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times as part of its fundamental investment objective.

Changes to ETF Names

The Manager has changed the names of each ETF to the names set forth in the following table, effective at the opening of trading today, March 4, 2025.The ticker symbols of each ETF remain the same.

Ticker Symbol	Prior ETF Name	New ETF Name
PPLN	Global X Pipelines & Energy Services Index ETF	Global X Equal Weight Canadian Pipelines Index ETF
UTIL	Global X Canadian Utility Services High Dividend Index ETF	Global X Equal Weight Canadian Utilities Index ETF
CHPS	Global X Semiconductor Index ETF	Global X Artificial Intelligence Semiconductor Index ETF

Changes to Management Fees

The management fees for each of PPLN and UTIL have been lowered as set forth in the following table and are effective at the opening of trading today, March 4, 2025.

Ticker Symbol	Prior Management Fee	New Management Fee*
PPLN	0.55 %	0.25 %
UTIL	0.50 %	0.25 %

*Plus applicable sales tax.

Changes to the Distribution Policy of PPLN

The Manager has changed the distribution policy for PPLN as set forth in the following table, effective at the opening of trading today, March 4, 2025. The distribution policy for each of CHPS and UTIL remain unchanged.

Ticker Symbol	Prior Distribution Policy	New Distribution Policy
PPLN	It is anticipated that PPLN will make distributions to its respective Unitholders on a quarterly basis, at the discretion of the Manager. Such distributions will be paid in cash unless a Unitholder is participating in the Reinvestment Plan.	It is anticipated that PPLN will make distributions to its respective Unitholders on a monthly basis. Such distributions will be paid in cash unless a Unitholder is participating in the Reinvestment Plan.

Further details regarding the Changes can be found at www.sedarplus.ca and www.GlobalX.ca.

About Global X Investments Canada Inc. ( www.GlobalX.ca )

Global X Investments Canada Inc. ("Global X") is an innovative financial services company and offers one of the largest suites of exchange traded funds in Canada. The Global X product family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Global X has more than $40 billion of assets under management and 135 ETFs listed on major Canadian stock exchanges. Global X is a wholly owned subsidiary of the Mirae Asset Financial Group, which manages more than $800 billion of assets across 19 countries and global markets around the world.

Commissions, management fees, and expenses all may be associated with an investment in products (the "Global X Funds") managed by Global X Investments Canada Inc. The Global X Funds are not guaranteed, their values change frequently and past performance may not be repeated. Certain Global X Funds may have exposure to leveraged investment techniques that magnify gains and losses which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk. Such risks are described in the prospectus. The Global X Money Market Funds are not covered by the Canada Deposit Insurance Corporation, the Federal Deposit Insurance Corporation, or any other government deposit insurer. There can be no assurances that the money market fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the Funds will be returned to you. Past performance may not be repeated. The prospectus contains important detailed information about the Global X Funds. Please read the relevant prospectus before investing.

Mirae Asset Global Index Private Limited (an affiliate of the Manager) owns all rights to the trademark, name and intellectual property associated with the Underlying Indices of the Index ETFs (in this disclaimer, the "Mirae Asset Indices"). No representation is made by Mirae Asset Global Index Private Limited that the Mirae Asset Indices are accurate or complete or that investment in a Mirae Asset Index or an Index ETF will be profitable or suitable for any person. The Mirae Asset Indices are administered and calculated by Mirae Asset Global Index Private Limited and Mirae Asset Global Index Private Limited will have no liability for any error in the calculation of the Mirae Asset Indices. Mirae Asset Global Index Private Limited does not guarantee that the Mirae Asset Indices or their underlying methodology is accurate or complete.

The PHLX US AI Semiconductor Index has been licensed for use by Global X Investments Canada Inc. from Nasdaq, Inc. (which with its affiliates is referred to as the "Corporations"). The Global X Semiconductor Index ETF has not been passed on by the Corporations as to their legality or suitability. The Global X Semiconductor Index ETF is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE Global X Semiconductor Index ETF.

Certain statements may constitute a forward-looking statement, including those identified by the expression "expect" and similar expressions (including grammatical variations thereof). The forward-looking statements are not historical facts but reflect the author's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking statements. These forward-looking statements are made as of the date hereof and the authors do not undertake to update any forward-looking statement that is contained herein, whether as a result of new information, future events or otherwise, unless required by applicable law.

This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase investment products (the "Global X Funds") managed by Global X Investments Canada Inc. and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor.

Global X Investments Canada Inc. ("Global X") is a wholly owned subsidiary of Mirae Asset Global Investments Co., Ltd. ("Mirae Asset"), the Korea-based asset management entity of Mirae Asset Financial Group. Global X is a corporation existing under the laws of Canada and is the manager and investment manager of the Global X Funds.

SOURCE Global X Investments Canada Inc.

Company Announcements

GLOBAL X COMPLETES CHANGES FOR THREE ETFs