0001144204-12-062365.txt : 20121114 0001144204-12-062365.hdr.sgml : 20121114 20121114150452 ACCESSION NUMBER: 0001144204-12-062365 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20121114 DATE AS OF CHANGE: 20121114 EFFECTIVENESS DATE: 20121114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Global X Funds CENTRAL INDEX KEY: 0001432353 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-22209 FILM NUMBER: 121203722 BUSINESS ADDRESS: STREET 1: C/O LAW OFFICES OF DT CHISOLM, P.C. STREET 2: 11508 H-236 PROVIDENCE ROAD CITY: CHARLOTTE, STATE: NC ZIP: 28277 BUSINESS PHONE: (704) 806-2387 MAIL ADDRESS: STREET 1: C/O LAW OFFICES OF DT CHISOLM, P.C. STREET 2: 11508 H-236 PROVIDENCE ROAD CITY: CHARLOTTE, STATE: NC ZIP: 28277 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Global X Funds CENTRAL INDEX KEY: 0001432353 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-151713 FILM NUMBER: 121203723 BUSINESS ADDRESS: STREET 1: C/O LAW OFFICES OF DT CHISOLM, P.C. STREET 2: 11508 H-236 PROVIDENCE ROAD CITY: CHARLOTTE, STATE: NC ZIP: 28277 BUSINESS PHONE: (704) 806-2387 MAIL ADDRESS: STREET 1: C/O LAW OFFICES OF DT CHISOLM, P.C. STREET 2: 11508 H-236 PROVIDENCE ROAD CITY: CHARLOTTE, STATE: NC ZIP: 28277 0001432353 S000037606 Global X Risk Parity ETF C000116040 Global X Risk Parity ETF 485BPOS 1 v327457_485bpos.htm AMENDED REGISTRATION STATEMENT

As filed with the U.S. Securities and Exchange Commission

on November 14, 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. 89 þ

 

and/or

 

Registration Statement Under The Investment Company Act Of 1940 þ

 

Amendment No. 92 þ

(Check appropriate box or boxes)

 

Global X Funds

(Exact Name of Registrant as Specified in Charter)

623 Fifth Avenue, 15th 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

623 Fifth Avenue, 15th Floor
New York, NY 10022
(Name and Address of Agent for Service)

With a copy to:

Daphne Tippens Chisolm, Esq.
Law Offices of DT Chisolm, P.C.
11524 C Providence Road, Suite 236
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 Risk Parity 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 Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Post-Effective Amendment No. 89 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 14th day of November, 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   November 14, 2012
Bruno del Ama        
/s/ Jose C. Gonzalez   Chief Operating Officer, Treasurer (Principal Financial Officer) and Principal Accounting Officer   November 14, 2012
Jose C. Gonzalez        
         
*        
Sanjay Ram Bharwani   Trustee   November 14, 2012
         
*        
Scott R. Chichester   Trustee   November 14, 2012
         
*        
Kartik Kiran Shah   Trustee   November 14, 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

 

 

 

 

 

 

 

 

 

EX-101.INS 3 ck0001432353-20121025.xml XBRL INSTANCE DOCUMENT 485BPOS 2012-10-25 0001432353 2012-10-25 Global X Funds false 2012-10-25 2012-10-25 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. <tt>The Fund pays transaction costs, such as commissions, when it buys and sells <br />securities (or "turns over" its portfolio). A higher portfolio turnover rate <br />may indicate higher transaction costs and may result in higher taxes when <br />Shares are held in a taxable account. These costs, which are not reflected <br />in annual fund operating expenses or in the example, affect the Fund's<br />performance. The Fund had not yet commenced investment operations as of the <br />most recent fiscal year end. Thus, no portfolio turnover rate is provided for <br />the Fund.</tt> <div style="display:none">~ http://www.globalxfunds.com/role/ExpenseExample_S000037606Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The Global X Risk Parity ETF ("Fund") seeks to provide investment results that<br />correspond generally to the price and yield performance, before fees and<br />expenses, of the FXcube Risk Parity Index ("Underlying Index").</tt> <tt>The following example is intended to help you compare the cost of investing <br />in the Fund with the cost of investing in other funds. This example does not <br />take into account customary brokerage commissions that you pay when purchasing <br />or selling Shares of the Fund in the secondary market. The example assumes that <br />you invest $10,000 in the Fund for the time periods indicated and then sell all <br />of your Shares at the end of those periods. The example also assumes that your <br />investment has a 5% return each year and that the Fund's operating expenses <br />remain the same. Although your actual costs may be higher or lower, based on <br />these assumptions, your costs would be:</tt> <tt>The Fund will invest at least 80% of its total assets in the securities of the<br />Underlying Index and in ADRs and GDRs based on the securities in the Underlying<br />Index. The Fund also may invest up to 20% of its total assets in derivatives<br />such as futures contracts, options on future contracts, options and swaps, as<br />well as cash, cash equivalents, and securities not included in the Underlying<br />Index but which the Adviser believes will assist the Fund in tracking the<br />performance of its Underlying Index. The Fund's 80% investment policy is<br />non-fundamental and requires 60 days' prior written notice to shareholders<br />before it can be changed.<br />&#xA0;&#xA0;<br />The Underlying Index seeks to preserve and increase its value, over the long<br />term, through risk balancing across asset classes. The Underlying Index consists<br />of multiple asset classes which may include bonds, equities, commodities,<br />currencies and real estate. Exposure may include global developed and emerging<br />markets.<br />&#xA0;&#xA0;<br />In allocating assets among asset classes, the Underlying Index follows a "risk<br />parity" approach. The "risk parity" approach to asset allocation seeks to<br />balance the allocation of risk across asset classes (as measured by volatility)<br />when building the Underlying Index. This means that lower risk asset classes<br />(such as global fixed income and inflation-linked government bonds) will generally <br />have higher notional allocations than higher risk asset classes (such as global <br />developed and emerging market equities). The Underlying Index rebalances quarterly <br />as it aims to keep the risk contribution of each asset in the portfolio equal.<br /> <br />The Fund may gain exposure to different asset classes by investing in many<br />different types of instruments including, but not limited to, equity securities,<br />equity futures, currency forwards, swaps on currency forwards, swaps on indexes,<br />commodity futures, swaps on commodity futures, bond futures, swaps on bond futures, <br />corporate and government bonds, including inflation protected government bonds, <br />cash and cash equivalents. The Fund may also invest in U.S. and foreign exchange <br />traded vehicles, including exchange traded funds ("ETFs"), exchange traded <br />commodities ("ETCs") or exchange traded notes ("ETNs") through which the Fund <br />can participate in the performance of one or more asset classes.<br />&#xA0;&#xA0;<br />The Underlying Index is sponsored by an organization ("Index Provider") that is <br />independent of the Fund and Global X Management Company LLC, the investment<br />adviser for the Fund ("Adviser"). The Fund's Index Provider is FXcube Strategies, <br />LLC. The Underlying Index is calculated and maintained by Structured Solutions AG.<br />&#xA0;&#xA0;<br />The Adviser will use a "passive" or indexing approach to try to achieve the Fund's <br />investment objective. Unlike many investment companies, the Fund does not try to <br />"beat" the Underlying Index and does not seek temporary defensive positions when <br />markets decline or appear overvalued.<br /><br />Indexing may eliminate the chance that the Fund will substantially outperform<br />the Underlying Index but also may reduce some of the risks of active management,<br />such as poor security selection. Indexing seeks to achieve lower costs and<br />better after-tax performance by keeping portfolio turnover low in comparison to<br />actively managed investment companies.<br />&#xA0;&#xA0;<br />The Fund uses a representative sampling strategy with respect to the Underlying<br />Index. "Representative sampling" is an indexing strategy that involves investing<br />in a representative sample of securities that collectively has an investment<br />profile similar to the Underlying Index in terms of key risk factors, performance <br />attributes and other characteristics. The Fund may or may not hold all of the <br />securities in the Underlying Index.<br />&#xA0;&#xA0;<br />Correlation: Correlation is the extent to which the values of different types of<br />investments move in tandem with one another in response to changing economic and<br />market conditions. An index is a theoretical financial calculation, while the<br />Fund is an actual investment portfolio. The performance of the Fund and the<br />Underlying Index may vary somewhat due to transaction costs, asset valuations,<br />foreign currency valuations, market impact, corporate actions (such as mergers<br />and spin-offs), legal restrictions or limitations, illiquid or unavailable<br />securities, and timing variances.<br />&#xA0;&#xA0;<br />The Adviser expects that, over time, the correlation between the Fund's<br />performance and that of the Underlying Index, before fees and expenses, will<br />exceed 95%. A correlation percentage of 100% would indicate perfect correlation.<br />If the Fund uses a replication strategy, it can be expected to have greater<br />correlation to the Underlying Index than if it uses a representative sampling<br />strategy.</tt> Global X Risk Parity ETF Example: "Other Expenses" reflect estimated expenses for the Fund's first fiscal year of operations. 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. INVESTMENT OBJECTIVE 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. "Acquired Fund Fees and Expenses" sets forth the Fund's pro rata portion of the cumulative expenses charged by the exchange traded funds ("ETFs") in which the Fund invests. These expenses are estimates for the current fiscal year. The actual Acquired Fund Fees and Expenses will vary with changes in the allocations of the Fund's assets. SUMMARY OF PRINCIPAL RISKS PERFORMANCE INFORMATION Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment): Portfolio Turnover: <tt>As with any investment, you could lose all or part of your investment in the<br />Fund, and the Fund's performance could trail that of other investments. The <br />Fund is subject to the principal risks noted below, any of which may adversely <br />affect the Fund's net asset value ("NAV"), trading price, yield, total return <br />and ability to meet its investment objective, as well as other risks that are<br />described in greater detail in the Additional Information About the Fund's<br />Strategies and Risks section of the Prospectus and in the Statement of<br />Additional Information ("SAI").<br /> <br />Asset Class Risk: Securities in the Underlying Index or in the Fund's portfolio<br />may underperform in comparison to the general securities markets or other asset<br />classes. Even if the Underlying Index seeks to preserve and increase its value<br />over the long term, it is subject to the risk of suffering substantial<br />short-term declines from time to time, which would also result in substantial<br />losses for the Fund.<br />&#xA0;&#xA0;<br />Commodities Regulatory Risk: Gold is a commodity. The CFTC may repropose<br />regulations that may limit the use of commodity interests by the Fund. Any<br />changes in regulations could affect the Fund's ability to pursue its investment<br />program as described in this prospectus. If that occurs, the Board will consider<br />an appropriate course of action.<br /><br />Counterparty Risk: Counterparty risk is the risk that a counterparty to a swap<br />contract or other similar investment instrument may default on its payment<br />obligation to the Fund. Such a default may cause the value of an investment in<br />the Fund to decrease. <br /><br />Credit Risk: Credit risk refers to the possibility that the issuer of the<br />security will not be able to make principal and interest payments when due.<br />Changes in an issuer's credit rating or the market's perception of an issuer's<br />creditworthiness may also affect the value of the Fund's investment in that<br />issuer. Securities rated in the four highest categories by the rating agencies<br />are considered investment grade but they may also have some speculative<br />characteristics. Investment grade ratings do not guarantee that bonds will <br />not lose value.<br /> <br />Currency Risk: The Fund may invest in foreign currencies and securities<br />denominated in foreign currencies. Because the Fund's NAV is determined in U.S.<br />dollars, the Fund's NAV could decline if a foreign currency depreciates against<br />the U.S. dollar.<br />&#xA0;&#xA0;<br />Derivatives Risk: The Fund may gain exposure to different asset classes by<br />investing in different types of derivative instruments including, but not<br />limited to, equity futures, currency forwards, swaps on currency forwards, swaps<br />on indexes, commodity futures, swaps on commodity futures, bond futures, and<br />swaps on bond futures. Derivatives can be more sensitive to changes in interest<br />rates or to sudden fluctuations in market prices than conventional securities,<br />which can result in greater losses for the Fund. In addition, the prices of the<br />derivative instruments and the prices of underlying securities, interest rates<br />or currencies they are designed to reflect may not move together as expected. A<br />risk of the Fund's use of derivatives is that the fluctuations in their values<br />may not correlate perfectly with its Underlying Index. <br /><br />Emerging Market Risk: The Fund is expected to invest in securities in emerging<br />market countries. The Fund's investment in an emerging market country may be<br />subject to a greater risk of loss than investments in developed markets.<br /> <br />Foreign Security Risk: Investments in the securities of foreign issuers<br />(including investments in ADRs and GDRs) are subject to the risks associated<br />with investing in those foreign markets, such as heightened risks of inflation<br />or nationalization. In addition, securities of foreign issuers may lose value<br />due to political, economic and geographic events affecting a foreign issuer <br />or market. During periods of social, political or economic instability in a <br />country or region, the value of a foreign security traded on United States' <br />exchanges, nonetheless, could be affected by, among other things, increasing <br />price volatility, illiquidity, or the closure of the primary market on which <br />the security underlying the ADR or GDR is traded. You may lose money due to<br />political, economic and geographic events affecting a foreign issuer or market. <br /><br />Forward and Futures Contract Risk: The primary risks associated with the use of<br />forward and futures contracts are (a) the imperfect correlation between the<br />change in market value of the instruments held by the Fund and the price of the<br />forward or futures contract; (b) the possible lack of a liquid secondary market<br />for a forward or futures contract and the resulting inability to close a forward<br />or futures contract when desired; (c) the possibility that the counterparty will<br />default in the performance of its obligations; and (d) the possibility that, if<br />the Fund has insufficient cash, the Fund may have to sell securities from its<br />portfolio to meet daily variation margin requirements, and the Fund may have to<br />sell securities at a time when it may be disadvantageous to do so.<br /><br />High Yield Securities Risk: Securities that are rated below investment grade<br />(commonly referred to as "junk bonds," including those bonds rated lower than<br />"BBB-" by Standard &amp; Poor's&#xAE; (a division of the McGraw-Hill Companies, Inc.)<br />("S&amp;P") and Fitch, Inc. ("Fitch), "Baa3" by Moody's&#xAE; Investors Service, Inc.<br />("Moody's"), or "BBBL" by Dominion Bond Rating Service Limited ("Dominion")), <br />or are unrated but judged by the Adviser to be of comparable quality, at the <br />time of purchase, may be more volatile than higher-rated securities of similar<br />maturity. <br /><br />Interest Rate Risk: Interest rate risk is the risk that prices of fixed income<br />securities generally increase when interest rates decline and decrease when<br />interest rates increase. The Fund may lose money if short term or long term<br />interest rates rise sharply.<br /> <br />Market Trading Risk: The Fund faces numerous market trading risks, including the<br />potential lack of an active market for Shares, losses from trading in secondary<br />markets, and disruption in the creation/redemption process of the Fund. Any of<br />these factors may lead to the Shares trading at a premium or discount to the<br />Fund's NAV.<br />&#xA0;&#xA0;<br />Non-Diversification Risk: The Fund may invest a large percentage of its assets<br />in securities issued by or representing a small number of issuers. As a result,<br />the Fund's performance may depend on the performance of a small number of<br />issuers.<br />&#xA0;&#xA0;<br />Passive Investment Risk: The Fund is not actively managed and the Adviser does<br />not attempt to take defensive positions in declining markets.<br />&#xA0;&#xA0;<br />Passive Foreign Investment Company Risk: Some Fund holdings may be characterized<br />as "passive foreign investment companies" (PFICs) for U.S. tax purposes. Because<br />the application of the PFIC rules may affect, among other things, the character<br />of gains and the amount of gain or loss and the timing of the recognition of<br />income with respect to PFIC shares, and may subject the Fund itself to tax on<br />certain income from PFIC shares, the amount that must be distributed to<br />shareholders and will be taxed to shareholders as ordinary income or long-term<br />capital gain may be increased or decreased substantially as compared to a fund<br />that did not invest in PFIC shares.<br />&#xA0;&#xA0;<br />Risk Related to Investing in Equity Securities: Equity securities are subject to<br />changes in value and their values may be more volatile than other asset classes.<br />Prices of the securities held by the Fund could fluctuate sometimes rapidly and<br />unexpectedly. These fluctuations may cause the price of a security to decline<br />for short- or long-term periods and cause the security to be worth less than it<br />was worth when purchased by the Fund. These fluctuations may be due to general<br />market and economic conditions, perceptions regarding the industries in which<br />the companies issuing the securities participate or the issuing company's<br />particular circumstances. Equity securities in the Underlying Index or the<br />Fund's portfolio may underperform in comparison to the general U.S. equity<br />securities market.<br />&#xA0;&#xA0;<br />Risk Related to Investing in Foreign Currency: The Fund may invest in foreign<br />currencies, which are subject to risks, which include changes in the debt level<br />and trade deficit of the country issuing the foreign currency; inflation rates<br />of the United States and the country issuing the foreign currency; investors'<br />expectations concerning inflation rates; interest rates of the United States and<br />the country issuing the foreign currency; investors' expectations concerning<br />interest rates; investment and trading activities of mutual funds, hedge funds<br />and currency funds; and global or regional political, economic or financial<br />events and situations.<br /> <br />Risk Related to Investing in Real Estate Stocks: Real estate stocks and Real<br />Estate Investment Trusts (REITs) are particularly vulnerable to decline in the<br />event of deflationary economic conditions, and are subject to interest rate<br />risk, leverage risk, property risk and management risk. REITs tend to be small-<br />or mid-capitalization stocks and there is the possibility that returns from<br />REITs may trail returns from the overall stock market.<br />&#xA0;&#xA0;<br />Risk Related to Investing in Bonds: Investments in debt securities are generally<br />affected by changes in prevailing interest rates and the creditworthiness of the<br />issuer. Prices of debt securities fall when prevailing interest rates rise. The<br />Fund's yield on investments in debt securities will fluctuate as the securities<br />in the Fund are rebalanced and reinvested in securities with different interest<br />rates. Investments in bonds are also subject to credit risk. Credit risk is the<br />risk that an issuer of debt securities will be unable to pay principal and<br />interest when due, or that the value of the security will suffer because<br />investors believe the issuer is less able to make required principal and<br />interest payments. This is broadly gauged by the credit ratings of the debt<br />securities in which the Fund invests. However, credit ratings are only the<br />opinions of the rating agencies issuing them, do not purport to reflect the <br />risk of fluctuations in market value and are not absolute guarantees as to <br />the payment of interest and the repayment of principal.<br />&#xA0;&#xA0;<br />Risk Related to Investing in Inflation-Linked Bonds: The Fund may invest in<br />inflation-linked bonds, which are income-generating instruments whose interest<br />and principal payments are adjusted for inflation - a sustained increase in<br />prices that erodes the purchasing power of money. The inflation adjustment,<br />which is typically applied monthly to the principal of the bond, follows a<br />designated inflation index, such as the consumer price index. Because of this<br />inflation adjustment feature, inflation-protected bonds typically have lower<br />yields than conventional fixed-rate bonds.<br /> <br />Risk Related to Investing in Gold: The Fund may invest in ETFs and/or ETCs that<br />invest in physical gold. Gold generates no interest or dividends, and the return<br />from investments in gold will be derived solely from the price gains or losses<br />from the commodity. Gold may also be significantly affected by developments in<br />the gold mining industry, and prices of gold may fluctuate sharply over short<br />periods of time. Income derived from gold (or ETFs or ETCs investing in physical<br />gold) is generally not qualifying income for purposes of the RIC diversification<br />tests under the Internal Revenue Code. In August, 2011, the Internal Revenue<br />Service ("IRS") announced that it would stop issuing private letter rulings<br />authorizing favorable tax treatment for funds that invest indirectly in<br />commodities or derivatives based upon commodities such as gold and silver. <br />The IRS has previously issued a number of private letter rulings to funds in <br />this area, concluding that such investments generate "qualifying income" for <br />RIC qualification purposes. It is unclear how long this suspension will last. <br />The IRS has not indicated that any previously issued rulings in this area will <br />be affected by this suspension. This suspension of guidance by the IRS means <br />that the tax treatment of such investments is now subject to some uncertainty.<br /><br />Risk Related to Investing in Commodities: The Fund may invest in commodity <br />ETFs and/or ETCs. Exposure to commodities may subject the Fund to greater <br />volatility than investments in traditional securities. The value of commodities <br />may be affected by changes in overall market movements, commodity index volatility,<br />changes in interest rates, or sectors affecting a particular industry or commodity, <br />such as drought, floods, weather, embargoes, tariffs and international economic, <br />political and regulatory developments.<br />&#xA0;&#xA0;<br />Risk Related to Investing in ETFs: The Fund may hold ETFs to gain exposure to<br />certain asset classes. As a result, the Fund may be subject to the same risks <br />as the underlying ETFs. While the risks of owning shares of an underlying ETF<br />generally reflect the risks of owning the underlying securities the ETF is<br />designed to track, lack of liquidity in an underlying ETF can result in its<br />value being more volatile than the underlying portfolio securities. An ETF may<br />trade at a premium or discount to its net asset value. The Fund will indirectly<br />bear its pro rata share of the fees and expenses incurred by an ETF it invests<br />in, including advisory fees, and will pay brokerage commissions in connection<br />with the purchase and sale of shares of ETFs. ETFs that invest in commodities<br />may be, or may become, subject to regulatory trading limits that could hurt the<br />value of their securities and could affect the Fund's ability to pursue its<br />investment program as described in this prospectus. Additionally, some ETFs are<br />not registered under the Investment Company of 1940 Act and therefore, are not<br />subject to the regulatory scheme and investor protections of the Investment<br />Company Act of 1940.<br />&#xA0;&#xA0;<br />Risk Related to Investing in ETCs: The Fund may hold ETCs to gain exposure to<br />physical gold and commodities. As a result, the Fund may be subject to the same<br />risks as the underlying ETCs. While the risks of owning shares of an underlying<br />ETC generally reflect the risks of owning the underlying metals the ETC holds,<br />lack of liquidity in an underlying ETC can result in its value being more<br />volatile than the metals themselves. The Fund will pay brokerage commissions in<br />connection with the purchase and sale of shares of ETCs. ETCs that invest in<br />physical gold may be, or may become, subject to regulatory trading limits that<br />could hurt the value of their securities and could affect the Fund's ability to<br />pursue its investment program as described in this prospectus. Additionally,<br />ETCs are not registered under the Investment Company of 1940 Act and, therefore,<br />are not subject to the regulatory scheme and investor protections of the<br />Investment Company Act of 1940.<br />&#xA0;&#xA0;<br />Risk Related to Investing in ETNs: The Fund may hold ETNs to gain exposure to<br />certain asset classes. As a result, the Fund may be subject to the same risks as<br />the underlying ETNs. An ETN may trade at a premium or discount to its net asset<br />value. The Fund will indirectly bear its pro rata share of the fees and expenses<br />incurred by an ETN it invests in, including advisory fees, and will pay brokerage <br />commissions in connection with the purchase and sale of shares of ETNs. ETNs that <br />invest in commodities may be, or may become, subject to regulatory trading limits <br />that could hurt the value of their securities and could affect the Fund's ability <br />to pursue its investment program as described in this prospectus. The value of an <br />ETN may also differ from the valuation of its reference market due to changes in <br />the issuer's credit rating.<br /> <br />Tracking Error Risk: The performance of the Fund may diverge from the performance <br />of the Underlying Index. Because the Fund employs a representative sampling strategy, <br />the Fund may experience tracking error to a greater extent than a fund that seeks to <br />replicate an index.<br /><br />Valuation Risk: The value of the securities in the Fund's portfolio may change on <br />days when shareholders will not be able to purchase or sell the Fund's Shares.<br /> <br />Volatility Risk: The Fund may have investments that appreciate or decrease<br />significantly in value over short periods of time. This may cause the Fund's net<br />asset value per share to experience significant appreciations or decreases in<br />value over short periods of time.</tt> FEES AND EXPENSES PRINCIPAL INVESTMENT STRATEGIES <tt>The Fund does not have a full calendar year of performance. Thus, no bar chart or<br />Average Annual Total Returns table is included for the Fund.</tt> <tt>This table describes the fees and expenses that you may pay if you buy and hold<br />shares of the Fund ("Shares"). You will also incur usual and customary brokerage<br />commission when buying and selling Shares.</tt> <div style="display:none">~ http://www.globalxfunds.com/role/OperatingExpensesData_S000037606Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> You will also incur usual and customary brokerage commission when buying and selling Shares. RISK 62 195 0.0000 0.0058 0.00 0.0061 0.0003 0001432353 ck0001432353:SummaryS000037606Memberck0001432353:S000037606Memberck0001432353:C000116040Member 2012-10-25 2012-10-25 0001432353 ck0001432353:SummaryS000037606Memberck0001432353:S000037606Member 2012-10-25 2012-10-25 0001432353 2012-10-25 2012-10-25 iso4217:USD pure "Other Expenses" reflect estimated expenses for the Fund's first fiscal year of operations. "Acquired Fund Fees and Expenses" sets forth the Fund's pro rata portion of the cumulative expenses charged by the exchange traded funds ("ETFs") in which the Fund invests. These expenses are estimates for the current fiscal year. The actual Acquired Fund Fees and Expenses will vary with changes in the allocations of the Fund's assets. 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Global X Risk Parity ETF (Prospectus Summary) | Global X Risk Parity ETF
Global X Risk Parity ETF
INVESTMENT OBJECTIVE
The Global X Risk Parity ETF ("Fund") seeks to provide investment results that
correspond generally to the price and yield performance, before fees and
expenses, of the FXcube Risk Parity Index ("Underlying Index").
FEES AND EXPENSES
This table describes the fees and expenses that you may pay if you buy and hold
shares of the Fund ("Shares"). You will also incur usual and customary brokerage
commission when buying and selling Shares.
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment):
Annual Fund Operating Expenses
Global X Risk Parity ETF
Management Fees: 0.58%
Distribution and Service (12b-1) Fees: none
Other Expenses: [1] none
Acquired Fund Fees and Expenses: [2] 0.03%
Total Annual Fund Operating Expenses: 0.61%
[1] "Other Expenses" reflect estimated expenses for the Fund's first fiscal year of operations.
[2] "Acquired Fund Fees and Expenses" sets forth the Fund's pro rata portion of the cumulative expenses charged by the exchange traded funds ("ETFs") in which the Fund invests. These expenses are estimates for the current fiscal year. The actual Acquired Fund Fees and Expenses will vary with changes in the allocations of the Fund's assets.
Example:
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:
Expense Example (USD $)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Global X Risk Parity ETF
62 195
Portfolio Turnover:
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.
PRINCIPAL INVESTMENT STRATEGIES
The Fund will invest at least 80% of its total assets in the securities of the
Underlying Index and in ADRs and GDRs based on the securities in the Underlying
Index. The Fund also may invest up to 20% of its total assets in derivatives
such as futures contracts, options on future contracts, options and swaps, as
well as cash, cash equivalents, and securities not included in the Underlying
Index but which the Adviser believes will assist the Fund in tracking the
performance of its 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 seeks to preserve and increase its value, over the long
term, through risk balancing across asset classes. The Underlying Index consists
of multiple asset classes which may include bonds, equities, commodities,
currencies and real estate. Exposure may include global developed and emerging
markets.
  
In allocating assets among asset classes, the Underlying Index follows a "risk
parity" approach. The "risk parity" approach to asset allocation seeks to
balance the allocation of risk across asset classes (as measured by volatility)
when building the Underlying Index. This means that lower risk asset classes
(such as global fixed income and inflation-linked government bonds) will generally
have higher notional allocations than higher risk asset classes (such as global
developed and emerging market equities). The Underlying Index rebalances quarterly
as it aims to keep the risk contribution of each asset in the portfolio equal.

The Fund may gain exposure to different asset classes by investing in many
different types of instruments including, but not limited to, equity securities,
equity futures, currency forwards, swaps on currency forwards, swaps on indexes,
commodity futures, swaps on commodity futures, bond futures, swaps on bond futures,
corporate and government bonds, including inflation protected government bonds,
cash and cash equivalents. The Fund may also invest in U.S. and foreign exchange
traded vehicles, including exchange traded funds ("ETFs"), exchange traded
commodities ("ETCs") or exchange traded notes ("ETNs") through which the Fund
can participate in the performance of one or more asset classes.
  
The Underlying Index is sponsored by an organization ("Index Provider") that is
independent of the Fund and Global X Management Company LLC, the investment
adviser for the Fund ("Adviser"). The Fund's Index Provider is FXcube Strategies,
LLC. The Underlying Index is calculated and maintained by Structured Solutions AG.
  
The Adviser will use 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.

Indexing may eliminate the chance that the Fund will substantially outperform
the Underlying Index but also may reduce some of the risks of active management,
such as poor security selection. Indexing seeks to achieve lower costs and
better after-tax performance by keeping portfolio turnover low in comparison to
actively managed investment companies.
  
The Fund uses a representative sampling strategy with respect to the Underlying
Index. "Representative sampling" is an indexing strategy that involves investing
in a representative sample of securities that collectively has an investment
profile similar to the Underlying Index in terms of key risk factors, performance
attributes and other characteristics. The Fund may or may not hold all of the
securities in 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.
SUMMARY OF PRINCIPAL RISKS
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 in the Fund's portfolio
may underperform in comparison to the general securities markets or other asset
classes. Even if the Underlying Index seeks to preserve and increase its value
over the long term, it is subject to the risk of suffering substantial
short-term declines from time to time, which would also result in substantial
losses for the Fund.
  
Commodities Regulatory Risk: Gold is a commodity. The CFTC may repropose
regulations that may limit the use of commodity interests by the Fund. Any
changes in regulations could affect the Fund's ability to pursue its investment
program as described in this prospectus. If that occurs, the Board will consider
an appropriate course of action.

Counterparty Risk: Counterparty risk is the risk that a counterparty to a swap
contract or other similar investment instrument may default on its payment
obligation to the Fund. Such a default may cause the value of an investment in
the Fund to decrease.

Credit Risk: Credit risk refers to the possibility that the issuer of the
security will not be able to make principal and interest payments when due.
Changes in an issuer's credit rating or the market's perception of an issuer's
creditworthiness may also affect the value of the Fund's investment in that
issuer. Securities rated in the four highest categories by the rating agencies
are considered investment grade but they may also have some speculative
characteristics. Investment grade ratings do not guarantee that bonds will
not lose value.

Currency Risk: The Fund may invest in foreign currencies and securities
denominated in foreign currencies. Because the Fund's NAV is determined in U.S.
dollars, the Fund's NAV could decline if a foreign currency depreciates against
the U.S. dollar.
  
Derivatives Risk: The Fund may gain exposure to different asset classes by
investing in different types of derivative instruments including, but not
limited to, equity futures, currency forwards, swaps on currency forwards, swaps
on indexes, commodity futures, swaps on commodity futures, bond futures, and
swaps on bond futures. Derivatives can be more sensitive to changes in interest
rates or to sudden fluctuations in market prices than conventional securities,
which can result in greater losses for the Fund. In addition, the prices of the
derivative instruments and the prices of underlying securities, interest rates
or currencies they are designed to reflect may not move together as expected. A
risk of the Fund's use of derivatives is that the fluctuations in their values
may not correlate perfectly with its Underlying Index.

Emerging Market Risk: The Fund is expected to invest in securities in emerging
market countries. The Fund's investment in an emerging market country may be
subject to a greater risk of loss than investments in developed markets.

Foreign Security Risk: Investments in the securities of foreign issuers
(including investments in ADRs and GDRs) 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 underlying the ADR or GDR is traded. You may lose money due to
political, economic and geographic events affecting a foreign issuer or market.

Forward and Futures Contract Risk: The primary risks associated with the use of
forward and futures contracts are (a) the imperfect correlation between the
change in market value of the instruments held by the Fund and the price of the
forward or futures contract; (b) the possible lack of a liquid secondary market
for a forward or futures contract and the resulting inability to close a forward
or futures contract when desired; (c) the possibility that the counterparty will
default in the performance of its obligations; and (d) the possibility that, if
the Fund has insufficient cash, the Fund may have to sell securities from its
portfolio to meet daily variation margin requirements, and the Fund may have to
sell securities at a time when it may be disadvantageous to do so.

High Yield Securities Risk: Securities that are rated below investment grade
(commonly referred to as "junk bonds," including those bonds rated lower than
"BBB-" by Standard & Poor's® (a division of the McGraw-Hill Companies, Inc.)
("S&P") and Fitch, Inc. ("Fitch), "Baa3" by Moody's® Investors Service, Inc.
("Moody's"), or "BBBL" by Dominion Bond Rating Service Limited ("Dominion")),
or are unrated but judged by the Adviser to be of comparable quality, at the
time of purchase, may be more volatile than higher-rated securities of similar
maturity.

Interest Rate Risk: Interest rate risk is the risk that prices of fixed income
securities generally increase when interest rates decline and decrease when
interest rates increase. The Fund may lose money if short term or long term
interest rates rise sharply.

Market Trading Risk: 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 the
Fund's 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.
  
Passive Foreign Investment Company Risk: Some Fund holdings may be characterized
as "passive foreign investment companies" (PFICs) for U.S. tax purposes. Because
the application of the PFIC rules may affect, among other things, the character
of gains and the amount of gain or loss and the timing of the recognition of
income with respect to PFIC shares, and may subject the Fund itself to tax on
certain income from PFIC shares, the amount that must be distributed to
shareholders and will be taxed to shareholders as ordinary income or long-term
capital gain may be increased or decreased substantially as compared to a fund
that did not invest in PFIC shares.
  
Risk Related to Investing in Equity Securities: Equity securities are subject to
changes in value and their values may be more volatile than other asset classes.
Prices of the securities held by the Fund could fluctuate sometimes rapidly and
unexpectedly. These fluctuations may cause the price of a security to decline
for short- or long-term periods and cause the security to be worth less than it
was worth when purchased by the Fund. These fluctuations may be due to general
market and economic conditions, perceptions regarding the industries in which
the companies issuing the securities participate or the issuing company's
particular circumstances. Equity securities in the Underlying Index or the
Fund's portfolio may underperform in comparison to the general U.S. equity
securities market.
  
Risk Related to Investing in Foreign Currency: The Fund may invest in foreign
currencies, which are subject to risks, which include changes in the debt level
and trade deficit of the country issuing the foreign currency; inflation rates
of the United States and the country issuing the foreign currency; investors'
expectations concerning inflation rates; interest rates of the United States and
the country issuing the foreign currency; investors' expectations concerning
interest rates; investment and trading activities of mutual funds, hedge funds
and currency funds; and global or regional political, economic or financial
events and situations.

Risk Related to Investing in Real Estate Stocks: Real estate stocks and Real
Estate Investment Trusts (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. REITs tend to be small-
or mid-capitalization stocks and there is the possibility that returns from
REITs may trail returns from the overall stock market.
  
Risk Related to Investing in Bonds: Investments in debt securities are generally
affected by changes in prevailing interest rates and the creditworthiness of the
issuer. Prices of debt securities fall when prevailing interest rates rise. The
Fund's yield on investments in debt securities will fluctuate as the securities
in the Fund are rebalanced and reinvested in securities with different interest
rates. Investments in bonds are also subject to credit risk. Credit risk is the
risk that an issuer of debt securities will be unable to pay principal and
interest when due, or that the value of the security will suffer because
investors believe the issuer is less able to make required principal and
interest payments. This is broadly gauged by the credit ratings of the debt
securities in which the Fund invests. However, credit ratings are only the
opinions of the rating agencies issuing them, do not purport to reflect the
risk of fluctuations in market value and are not absolute guarantees as to
the payment of interest and the repayment of principal.
  
Risk Related to Investing in Inflation-Linked Bonds: The Fund may invest in
inflation-linked bonds, which are income-generating instruments whose interest
and principal payments are adjusted for inflation - a sustained increase in
prices that erodes the purchasing power of money. The inflation adjustment,
which is typically applied monthly to the principal of the bond, follows a
designated inflation index, such as the consumer price index. Because of this
inflation adjustment feature, inflation-protected bonds typically have lower
yields than conventional fixed-rate bonds.

Risk Related to Investing in Gold: The Fund may invest in ETFs and/or ETCs that
invest in physical gold. Gold generates no interest or dividends, and 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. Income derived from gold (or ETFs or ETCs investing in physical
gold) is generally not qualifying income for purposes of the RIC diversification
tests under the Internal Revenue Code. In August, 2011, the Internal Revenue
Service ("IRS") announced that it would stop issuing private letter rulings
authorizing favorable tax treatment for funds that invest indirectly in
commodities or derivatives based upon commodities such as gold and silver.
The IRS has previously issued a number of private letter rulings to funds in
this area, concluding that such investments generate "qualifying income" for
RIC qualification purposes. It is unclear how long this suspension will last.
The IRS has not indicated that any previously issued rulings in this area will
be affected by this suspension. This suspension of guidance by the IRS means
that the tax treatment of such investments is now subject to some uncertainty.

Risk Related to Investing in Commodities: The Fund may invest in commodity
ETFs and/or ETCs. Exposure to commodities may subject the Fund to greater
volatility than investments in traditional securities. The value of commodities
may be affected by changes in overall market movements, commodity index volatility,
changes in interest rates, or sectors affecting a particular industry or commodity,
such as drought, floods, weather, embargoes, tariffs and international economic,
political and regulatory developments.
  
Risk Related to Investing in ETFs: The Fund may hold ETFs to gain exposure to
certain asset classes. As a result, the Fund may be subject to the same risks
as the underlying ETFs. While the risks of owning shares of an underlying ETF
generally reflect the risks of owning the underlying securities the ETF is
designed to track, lack of liquidity in an underlying ETF can result in its
value being more volatile than the underlying portfolio securities. An ETF may
trade at a premium or discount to its net asset value. The Fund will indirectly
bear its pro rata share of the fees and expenses incurred by an ETF it invests
in, including advisory fees, and will pay brokerage commissions in connection
with the purchase and sale of shares of ETFs. ETFs that invest in commodities
may be, or may become, subject to regulatory trading limits that could hurt the
value of their securities and could affect the Fund's ability to pursue its
investment program as described in this prospectus. Additionally, some ETFs are
not registered under the Investment Company of 1940 Act and therefore, are not
subject to the regulatory scheme and investor protections of the Investment
Company Act of 1940.
  
Risk Related to Investing in ETCs: The Fund may hold ETCs to gain exposure to
physical gold and commodities. As a result, the Fund may be subject to the same
risks as the underlying ETCs. While the risks of owning shares of an underlying
ETC generally reflect the risks of owning the underlying metals the ETC holds,
lack of liquidity in an underlying ETC can result in its value being more
volatile than the metals themselves. The Fund will pay brokerage commissions in
connection with the purchase and sale of shares of ETCs. ETCs that invest in
physical gold may be, or may become, subject to regulatory trading limits that
could hurt the value of their securities and could affect the Fund's ability to
pursue its investment program as described in this prospectus. Additionally,
ETCs are not registered under the Investment Company of 1940 Act and, therefore,
are not subject to the regulatory scheme and investor protections of the
Investment Company Act of 1940.
  
Risk Related to Investing in ETNs: The Fund may hold ETNs to gain exposure to
certain asset classes. As a result, the Fund may be subject to the same risks as
the underlying ETNs. An ETN may trade at a premium or discount to its net asset
value. The Fund will indirectly bear its pro rata share of the fees and expenses
incurred by an ETN it invests in, including advisory fees, and will pay brokerage
commissions in connection with the purchase and sale of shares of ETNs. ETNs that
invest in commodities may be, or may become, subject to regulatory trading limits
that could hurt the value of their securities and could affect the Fund's ability
to pursue its investment program as described in this prospectus. The value of an
ETN may also differ from the valuation of its reference market due to changes in
the issuer's credit rating.

Tracking Error Risk: The performance of the Fund may diverge from the performance
of the Underlying Index. Because the Fund employs a representative sampling strategy,
the Fund may experience tracking error to a greater extent than a fund that seeks to
replicate an index.

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.

Volatility Risk: The Fund may have investments that appreciate or decrease
significantly in value over short periods of time. This may cause the Fund's net
asset value per share to experience significant appreciations or decreases in
value over short periods of time.
PERFORMANCE INFORMATION
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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XML 14 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
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Risk Return [Abstract] rr_RiskReturnAbstract  
Document Type dei_DocumentType 485BPOS
Document Period End Date dei_DocumentPeriodEndDate Oct. 25, 2012
Registrant Name dei_EntityRegistrantName Global X Funds
Central Index Key dei_EntityCentralIndexKey 0001432353
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Oct. 25, 2012
Document Effective Date dei_DocumentEffectiveDate Oct. 25, 2012
Global X Risk Parity ETF (Prospectus Summary) | Global X Risk Parity ETF | Global X Risk Parity ETF
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol RISK
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Risk Return [Abstract] rr_RiskReturnAbstract  
ProspectusDate rr_ProspectusDate Oct. 25, 2012
Global X Risk Parity ETF (Prospectus Summary) | Global X Risk Parity ETF
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Global X Risk Parity ETF
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Global X Risk Parity ETF ("Fund") seeks to provide investment results that
correspond generally to the price and yield performance, before fees and
expenses, of the FXcube Risk Parity Index ("Underlying Index").
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold
shares of the Fund ("Shares"). You will also incur usual and customary brokerage
commission when buying and selling Shares.
Operating Expenses Caption [Text] 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 [Text Block] 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.
Expense Exchange Traded Fund Commissions [Text] rr_ExpenseExchangeTradedFundCommissions You will also incur usual and customary brokerage commission when buying and selling Shares.
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates "Other Expenses" reflect estimated expenses for the Fund's first fiscal year of operations.
Acquired Fund Fees and Expenses, Based on Estimates [Text] rr_AcquiredFundFeesAndExpensesBasedOnEstimates "Acquired Fund Fees and Expenses" sets forth the Fund's pro rata portion of the cumulative expenses charged by the exchange traded funds ("ETFs") in which the Fund invests. These expenses are estimates for the current fiscal year. The actual Acquired Fund Fees and Expenses will vary with changes in the allocations of the Fund's assets.
Expense Example [Heading] rr_ExpenseExampleHeading Example:
Expense Example Narrative [Text Block] 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:
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund will invest at least 80% of its total assets in the securities of the
Underlying Index and in ADRs and GDRs based on the securities in the Underlying
Index. The Fund also may invest up to 20% of its total assets in derivatives
such as futures contracts, options on future contracts, options and swaps, as
well as cash, cash equivalents, and securities not included in the Underlying
Index but which the Adviser believes will assist the Fund in tracking the
performance of its 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 seeks to preserve and increase its value, over the long
term, through risk balancing across asset classes. The Underlying Index consists
of multiple asset classes which may include bonds, equities, commodities,
currencies and real estate. Exposure may include global developed and emerging
markets.
  
In allocating assets among asset classes, the Underlying Index follows a "risk
parity" approach. The "risk parity" approach to asset allocation seeks to
balance the allocation of risk across asset classes (as measured by volatility)
when building the Underlying Index. This means that lower risk asset classes
(such as global fixed income and inflation-linked government bonds) will generally
have higher notional allocations than higher risk asset classes (such as global
developed and emerging market equities). The Underlying Index rebalances quarterly
as it aims to keep the risk contribution of each asset in the portfolio equal.

The Fund may gain exposure to different asset classes by investing in many
different types of instruments including, but not limited to, equity securities,
equity futures, currency forwards, swaps on currency forwards, swaps on indexes,
commodity futures, swaps on commodity futures, bond futures, swaps on bond futures,
corporate and government bonds, including inflation protected government bonds,
cash and cash equivalents. The Fund may also invest in U.S. and foreign exchange
traded vehicles, including exchange traded funds ("ETFs"), exchange traded
commodities ("ETCs") or exchange traded notes ("ETNs") through which the Fund
can participate in the performance of one or more asset classes.
  
The Underlying Index is sponsored by an organization ("Index Provider") that is
independent of the Fund and Global X Management Company LLC, the investment
adviser for the Fund ("Adviser"). The Fund's Index Provider is FXcube Strategies,
LLC. The Underlying Index is calculated and maintained by Structured Solutions AG.
  
The Adviser will use 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.

Indexing may eliminate the chance that the Fund will substantially outperform
the Underlying Index but also may reduce some of the risks of active management,
such as poor security selection. Indexing seeks to achieve lower costs and
better after-tax performance by keeping portfolio turnover low in comparison to
actively managed investment companies.
  
The Fund uses a representative sampling strategy with respect to the Underlying
Index. "Representative sampling" is an indexing strategy that involves investing
in a representative sample of securities that collectively has an investment
profile similar to the Underlying Index in terms of key risk factors, performance
attributes and other characteristics. The Fund may or may not hold all of the
securities in 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.
Risk [Heading] rr_RiskHeading SUMMARY OF PRINCIPAL RISKS
Risk Narrative [Text Block] 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 in the Fund's portfolio
may underperform in comparison to the general securities markets or other asset
classes. Even if the Underlying Index seeks to preserve and increase its value
over the long term, it is subject to the risk of suffering substantial
short-term declines from time to time, which would also result in substantial
losses for the Fund.
  
Commodities Regulatory Risk: Gold is a commodity. The CFTC may repropose
regulations that may limit the use of commodity interests by the Fund. Any
changes in regulations could affect the Fund's ability to pursue its investment
program as described in this prospectus. If that occurs, the Board will consider
an appropriate course of action.

Counterparty Risk: Counterparty risk is the risk that a counterparty to a swap
contract or other similar investment instrument may default on its payment
obligation to the Fund. Such a default may cause the value of an investment in
the Fund to decrease.

Credit Risk: Credit risk refers to the possibility that the issuer of the
security will not be able to make principal and interest payments when due.
Changes in an issuer's credit rating or the market's perception of an issuer's
creditworthiness may also affect the value of the Fund's investment in that
issuer. Securities rated in the four highest categories by the rating agencies
are considered investment grade but they may also have some speculative
characteristics. Investment grade ratings do not guarantee that bonds will
not lose value.

Currency Risk: The Fund may invest in foreign currencies and securities
denominated in foreign currencies. Because the Fund's NAV is determined in U.S.
dollars, the Fund's NAV could decline if a foreign currency depreciates against
the U.S. dollar.
  
Derivatives Risk: The Fund may gain exposure to different asset classes by
investing in different types of derivative instruments including, but not
limited to, equity futures, currency forwards, swaps on currency forwards, swaps
on indexes, commodity futures, swaps on commodity futures, bond futures, and
swaps on bond futures. Derivatives can be more sensitive to changes in interest
rates or to sudden fluctuations in market prices than conventional securities,
which can result in greater losses for the Fund. In addition, the prices of the
derivative instruments and the prices of underlying securities, interest rates
or currencies they are designed to reflect may not move together as expected. A
risk of the Fund's use of derivatives is that the fluctuations in their values
may not correlate perfectly with its Underlying Index.

Emerging Market Risk: The Fund is expected to invest in securities in emerging
market countries. The Fund's investment in an emerging market country may be
subject to a greater risk of loss than investments in developed markets.

Foreign Security Risk: Investments in the securities of foreign issuers
(including investments in ADRs and GDRs) 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 underlying the ADR or GDR is traded. You may lose money due to
political, economic and geographic events affecting a foreign issuer or market.

Forward and Futures Contract Risk: The primary risks associated with the use of
forward and futures contracts are (a) the imperfect correlation between the
change in market value of the instruments held by the Fund and the price of the
forward or futures contract; (b) the possible lack of a liquid secondary market
for a forward or futures contract and the resulting inability to close a forward
or futures contract when desired; (c) the possibility that the counterparty will
default in the performance of its obligations; and (d) the possibility that, if
the Fund has insufficient cash, the Fund may have to sell securities from its
portfolio to meet daily variation margin requirements, and the Fund may have to
sell securities at a time when it may be disadvantageous to do so.

High Yield Securities Risk: Securities that are rated below investment grade
(commonly referred to as "junk bonds," including those bonds rated lower than
"BBB-" by Standard & Poor's® (a division of the McGraw-Hill Companies, Inc.)
("S&P") and Fitch, Inc. ("Fitch), "Baa3" by Moody's® Investors Service, Inc.
("Moody's"), or "BBBL" by Dominion Bond Rating Service Limited ("Dominion")),
or are unrated but judged by the Adviser to be of comparable quality, at the
time of purchase, may be more volatile than higher-rated securities of similar
maturity.

Interest Rate Risk: Interest rate risk is the risk that prices of fixed income
securities generally increase when interest rates decline and decrease when
interest rates increase. The Fund may lose money if short term or long term
interest rates rise sharply.

Market Trading Risk: 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 the
Fund's 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.
  
Passive Foreign Investment Company Risk: Some Fund holdings may be characterized
as "passive foreign investment companies" (PFICs) for U.S. tax purposes. Because
the application of the PFIC rules may affect, among other things, the character
of gains and the amount of gain or loss and the timing of the recognition of
income with respect to PFIC shares, and may subject the Fund itself to tax on
certain income from PFIC shares, the amount that must be distributed to
shareholders and will be taxed to shareholders as ordinary income or long-term
capital gain may be increased or decreased substantially as compared to a fund
that did not invest in PFIC shares.
  
Risk Related to Investing in Equity Securities: Equity securities are subject to
changes in value and their values may be more volatile than other asset classes.
Prices of the securities held by the Fund could fluctuate sometimes rapidly and
unexpectedly. These fluctuations may cause the price of a security to decline
for short- or long-term periods and cause the security to be worth less than it
was worth when purchased by the Fund. These fluctuations may be due to general
market and economic conditions, perceptions regarding the industries in which
the companies issuing the securities participate or the issuing company's
particular circumstances. Equity securities in the Underlying Index or the
Fund's portfolio may underperform in comparison to the general U.S. equity
securities market.
  
Risk Related to Investing in Foreign Currency: The Fund may invest in foreign
currencies, which are subject to risks, which include changes in the debt level
and trade deficit of the country issuing the foreign currency; inflation rates
of the United States and the country issuing the foreign currency; investors'
expectations concerning inflation rates; interest rates of the United States and
the country issuing the foreign currency; investors' expectations concerning
interest rates; investment and trading activities of mutual funds, hedge funds
and currency funds; and global or regional political, economic or financial
events and situations.

Risk Related to Investing in Real Estate Stocks: Real estate stocks and Real
Estate Investment Trusts (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. REITs tend to be small-
or mid-capitalization stocks and there is the possibility that returns from
REITs may trail returns from the overall stock market.
  
Risk Related to Investing in Bonds: Investments in debt securities are generally
affected by changes in prevailing interest rates and the creditworthiness of the
issuer. Prices of debt securities fall when prevailing interest rates rise. The
Fund's yield on investments in debt securities will fluctuate as the securities
in the Fund are rebalanced and reinvested in securities with different interest
rates. Investments in bonds are also subject to credit risk. Credit risk is the
risk that an issuer of debt securities will be unable to pay principal and
interest when due, or that the value of the security will suffer because
investors believe the issuer is less able to make required principal and
interest payments. This is broadly gauged by the credit ratings of the debt
securities in which the Fund invests. However, credit ratings are only the
opinions of the rating agencies issuing them, do not purport to reflect the
risk of fluctuations in market value and are not absolute guarantees as to
the payment of interest and the repayment of principal.
  
Risk Related to Investing in Inflation-Linked Bonds: The Fund may invest in
inflation-linked bonds, which are income-generating instruments whose interest
and principal payments are adjusted for inflation - a sustained increase in
prices that erodes the purchasing power of money. The inflation adjustment,
which is typically applied monthly to the principal of the bond, follows a
designated inflation index, such as the consumer price index. Because of this
inflation adjustment feature, inflation-protected bonds typically have lower
yields than conventional fixed-rate bonds.

Risk Related to Investing in Gold: The Fund may invest in ETFs and/or ETCs that
invest in physical gold. Gold generates no interest or dividends, and 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. Income derived from gold (or ETFs or ETCs investing in physical
gold) is generally not qualifying income for purposes of the RIC diversification
tests under the Internal Revenue Code. In August, 2011, the Internal Revenue
Service ("IRS") announced that it would stop issuing private letter rulings
authorizing favorable tax treatment for funds that invest indirectly in
commodities or derivatives based upon commodities such as gold and silver.
The IRS has previously issued a number of private letter rulings to funds in
this area, concluding that such investments generate "qualifying income" for
RIC qualification purposes. It is unclear how long this suspension will last.
The IRS has not indicated that any previously issued rulings in this area will
be affected by this suspension. This suspension of guidance by the IRS means
that the tax treatment of such investments is now subject to some uncertainty.

Risk Related to Investing in Commodities: The Fund may invest in commodity
ETFs and/or ETCs. Exposure to commodities may subject the Fund to greater
volatility than investments in traditional securities. The value of commodities
may be affected by changes in overall market movements, commodity index volatility,
changes in interest rates, or sectors affecting a particular industry or commodity,
such as drought, floods, weather, embargoes, tariffs and international economic,
political and regulatory developments.
  
Risk Related to Investing in ETFs: The Fund may hold ETFs to gain exposure to
certain asset classes. As a result, the Fund may be subject to the same risks
as the underlying ETFs. While the risks of owning shares of an underlying ETF
generally reflect the risks of owning the underlying securities the ETF is
designed to track, lack of liquidity in an underlying ETF can result in its
value being more volatile than the underlying portfolio securities. An ETF may
trade at a premium or discount to its net asset value. The Fund will indirectly
bear its pro rata share of the fees and expenses incurred by an ETF it invests
in, including advisory fees, and will pay brokerage commissions in connection
with the purchase and sale of shares of ETFs. ETFs that invest in commodities
may be, or may become, subject to regulatory trading limits that could hurt the
value of their securities and could affect the Fund's ability to pursue its
investment program as described in this prospectus. Additionally, some ETFs are
not registered under the Investment Company of 1940 Act and therefore, are not
subject to the regulatory scheme and investor protections of the Investment
Company Act of 1940.
  
Risk Related to Investing in ETCs: The Fund may hold ETCs to gain exposure to
physical gold and commodities. As a result, the Fund may be subject to the same
risks as the underlying ETCs. While the risks of owning shares of an underlying
ETC generally reflect the risks of owning the underlying metals the ETC holds,
lack of liquidity in an underlying ETC can result in its value being more
volatile than the metals themselves. The Fund will pay brokerage commissions in
connection with the purchase and sale of shares of ETCs. ETCs that invest in
physical gold may be, or may become, subject to regulatory trading limits that
could hurt the value of their securities and could affect the Fund's ability to
pursue its investment program as described in this prospectus. Additionally,
ETCs are not registered under the Investment Company of 1940 Act and, therefore,
are not subject to the regulatory scheme and investor protections of the
Investment Company Act of 1940.
  
Risk Related to Investing in ETNs: The Fund may hold ETNs to gain exposure to
certain asset classes. As a result, the Fund may be subject to the same risks as
the underlying ETNs. An ETN may trade at a premium or discount to its net asset
value. The Fund will indirectly bear its pro rata share of the fees and expenses
incurred by an ETN it invests in, including advisory fees, and will pay brokerage
commissions in connection with the purchase and sale of shares of ETNs. ETNs that
invest in commodities may be, or may become, subject to regulatory trading limits
that could hurt the value of their securities and could affect the Fund's ability
to pursue its investment program as described in this prospectus. The value of an
ETN may also differ from the valuation of its reference market due to changes in
the issuer's credit rating.

Tracking Error Risk: The performance of the Fund may diverge from the performance
of the Underlying Index. Because the Fund employs a representative sampling strategy,
the Fund may experience tracking error to a greater extent than a fund that seeks to
replicate an index.

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.

Volatility Risk: The Fund may have investments that appreciate or decrease
significantly in value over short periods of time. This may cause the Fund's net
asset value per share to experience significant appreciations or decreases in
value over short periods of time.
Risk Lose Money [Text] 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 [Text] 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 [Text Block] 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.
Performance One Year or Less [Text] 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 Risk Parity ETF (Prospectus Summary) | Global X Risk Parity ETF | Global X Risk Parity ETF
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Management Fees: rr_ManagementFeesOverAssets 0.58%
Distribution and Service (12b-1) Fees: rr_DistributionAndService12b1FeesOverAssets none
Other Expenses: rr_OtherExpensesOverAssets none [1]
Acquired Fund Fees and Expenses: rr_AcquiredFundFeesAndExpensesOverAssets 0.03% [2]
Total Annual Fund Operating Expenses: rr_ExpensesOverAssets 0.61%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 62
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 195
[1] "Other Expenses" reflect estimated expenses for the Fund's first fiscal year of operations.
[2] "Acquired Fund Fees and Expenses" sets forth the Fund's pro rata portion of the cumulative expenses charged by the exchange traded funds ("ETFs") in which the Fund invests. These expenses are estimates for the current fiscal year. The actual Acquired Fund Fees and Expenses will vary with changes in the allocations of the Fund's assets.
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