UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number 811-22209
Global X Funds
(Exact name of registrant as specified in charter)
605 Third Avenue, 43rd floor
New York, NY 10158
(Address of principal executive offices) (Zip code)
Jasmin M. Ali, Esquire
Global X Management Company LLC
605 Third Avenue, 43rd floor
New York, NY 10158
(Name and address of agent for service)
With a copy to:
Jasmin M. Ali, Esquire Global X Management Company LLC 605 Third Avenue, 43rd floor New York, NY 10158 | Eric S. Purple, Esquire Stradley Ronon Stevens & Young, LLP 2000 K Street, N.W., Suite 700 Washington, DC 20006-1871 |
Registrant’s telephone number, including area code: (212) 644-6440
Date of fiscal year end: October 31, 2024
Date of reporting period: October 31, 2024
| Item 1. | Reports to Stockholders. |
(a) A copy of the report transmitted to stockholders pursuant to Rule 30e-1 under the Investment Company Act of 1940, as amended (the “Act”) (17 CFR § 270.30e-1), is attached hereto.
Global X Lithium & Battery Tech ETF
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X Lithium & Battery Tech ETF (the "Fund") for the period from November 1, 2023 to October 31, 2024. You can find additional information about the Fund at https://www.globalxetfs.com/funds/lit/. You can also request this information by contacting us at 1-888-493-8631.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Global X Lithium & Battery Tech ETF | $72 | 0.75% |
How did the Fund perform in the last year?
The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Lithium Index (“Secondary Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Secondary Index.
The Secondary Index is designed to measure broad-based equity market performance of global companies involved in the lithium industry, as defined by Solactive AG, the provider of the Secondary Index.
For the 12-month period ended October 31, 2024 (the "reporting period"), the Fund decreased 7.04%, while the Secondary Index decreased 6.74%. The Fund had a net asset value of $47.33 per share on October 31, 2023, and ended the reporting period with a net asset value of $43.42 per share on October 31, 2024.
During the reporting period, the highest returns came from TDK Corporation and SUNWODA Electronic Co., Ltd. Class A, which returned 67.27% and 45.67% respectively. The worst performers were Core Lithium Ltd and Sayona Mining Ltd., which returned -68.39% and -53.10%, respectively.
During the reporting period, the Fund recorded negative performance driven by low lithium prices, a symptom of market oversupply. This pronounced oversupply was caused by dampened demand from slower-than-anticipated electric vehicle growth in major auto markets like the U.S. and Europe, along with a ramp-up in lithium production. The low lithium prices put considerable pressure on the margins of lithium producers. The pricing environment also made it challenging for new projects to be economically viable, which negatively impacted the overall market. To manage costs effectively, several major producers paused or scaled back their expansion plans. The industry also started to shift towards more long-term contracts and potential hedging strategies to manage pricing risks, which curtailed performance during the reporting period. During the reporting period, by sector, the Fund had the highest exposure to Materials at 47.70% and Industrials at 22.75%. By country, the Fund had the highest exposure to China at 36.85% and the United States at 19.36%.
How did the Fund perform during the last 10 years?
Total Return Based on $10,000 Investment
| Global X Lithium & Battery Tech ETF - $20908 | MSCI ACWI Index (Net) (USD) - $23808 | Solactive Global Lithium Index (net) - $21317 |
|---|
| Oct/14 | $10000 | $10000 | $10000 |
| Oct/15 | $8682 | $9997 | $8662 |
| Oct/16 | $10137 | $10201 | $10184 |
| Oct/17 | $16875 | $12568 | $16931 |
| Oct/18 | $13498 | $12503 | $13551 |
| Oct/19 | $11526 | $14078 | $11563 |
| Oct/20 | $20034 | $14766 | $20056 |
| Oct/21 | $42652 | $20270 | $42954 |
| Oct/22 | $31521 | $16225 | $31935 |
| Oct/23 | $22492 | $17929 | $22858 |
| Oct/24 | $20908 | $23808 | $21317 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | 5 Years | 10 Years |
|---|
| Global X Lithium & Battery Tech ETF | -7.04% | 12.65% | 7.65% |
| MSCI ACWI Index (Net) (USD) | 32.79% | 11.08% | 9.06% |
| Solactive Global Lithium Index (net) | -6.74% | 13.01% | 7.86% |
The line graph represents historical performance of a hypothetical investment of $10,000 in the Fund during the last 10 years. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund shares. Past performance is not indicative of future performance.Call 1-888-493-8631 or visit https://www.globalxetfs.com/funds/lit/ for current month-end performance.
Key Fund Statistics as of October 31, 2024
| Total Net Assets | Number of Portfolio Holdings | Total Advisory Fees Paid | Portfolio Turnover Rate |
|---|
| $1,275,152,157 | 45 | $11,769,196 | 22.87% |
What did the Fund invest in?
Asset/Country WeightingsFootnote Reference*
| Value | Value |
|---|
| France | 0.4% |
| Netherlands | 0.4% |
| Brazil | 0.6% |
| Canada | 1.5% |
| Chile | 4.3% |
| Argentina | 4.4% |
| Repurchase Agreement | 5.6% |
| Japan | 7.6% |
| Australia | 10.6% |
| South Korea | 13.3% |
| United States | 17.7% |
| China | 39.2% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| Albemarle | | | 8.8% |
| Eve Energy, Cl A | | | 4.5% |
| Arcadium Lithium, CDI | | | 4.4% |
| Tesla | | | 4.4% |
| Sociedad Quimica y Minera de Chile ADR | | | 4.3% |
| NAURA Technology Group, Cl A | | | 4.2% |
| Contemporary Amperex Technology, Cl A | | | 4.1% |
| BYD, Cl H | | | 4.0% |
| Ganfeng Lithium Group, Cl A | | | 4.0% |
| Tianqi Lithium, Cl A | | | 4.0% |
There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request.
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:
Global X Lithium & Battery Tech ETF: LIT
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-33
Global X SuperDividend® ETF
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X SuperDividend® ETF (the "Fund") for the period from November 1, 2023 to October 31, 2024. You can find additional information about the Fund at https://www.globalxetfs.com/funds/sdiv/. You can also request this information by contacting us at 1-888-493-8631.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
Global X SuperDividend® ETF | $64 | 0.58% |
How did the Fund perform in the last year?
The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global SuperDividend® Index (“Secondary Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Secondary Index.
The Secondary Index tracks the performance of 100 equally weighted companies that rank among the highest dividend yielding equity securities in the world, including emerging market countries, as defined by Solactive AG, the provider of the Secondary Index ("Index Provider"). The Index Provider applies certain dividend stability filters.
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 20.42%, while the Secondary Index increased 21.35%. The Fund had a net asset value of $20.36 per share on October 31, 2023 and ended the reporting period with a net asset value of $21.99 per share on October 31, 2024.
During the reporting period, the highest returns came from Yue Yuen Industrial (Holdings) Limited and SL Green Realty Corp., which returned 117.03% and 76.86% respectively. The worst performers were B. Riley Financial, Inc. and Service Properties Trust, which returned -46.18% and -37.46%, respectively.
During the reporting period, the Fund reported positive performance. The Fund's focus on companies with high dividend payments proved advantageous in a period of strong economic conditions. The U.S. Federal Reserve’s decision to cut interest rates in September 2024 also positively impacted the Fund as high-yield dividend stocks became more attractive relative to some fixed-income investments. This monetary easing, which extended globally, has supported rate-sensitive sectors in which the Fund is invested, such as the Energy, Financials, and Real Estate Investment Trusts (REITs) sectors. These factors combined to contribute to the Fund’s positive performance during the reporting period. During the reporting period, by sector, the Fund had the highest exposure to Financials at 28.00% and Energy at 22.56%. By country, the Fund had the highest exposure to United States at 34.77% and China at 9.42%.
How did the Fund perform during the last 10 years?
Total Return Based on $10,000 Investment
| Global X SuperDividend® ETF - $7258 | MSCI ACWI Index (Net) (USD) - $23808 | Solactive Global SuperDividend Index (net) - $7153 |
|---|
| Oct/14 | $10000 | $10000 | $10000 |
| Oct/15 | $9099 | $9997 | $9104 |
| Oct/16 | $9666 | $10201 | $9559 |
| Oct/17 | $10893 | $12568 | $10851 |
| Oct/18 | $10387 | $12503 | $10357 |
| Oct/19 | $10281 | $14078 | $10243 |
| Oct/20 | $6908 | $14766 | $6890 |
| Oct/21 | $9134 | $20270 | $9138 |
| Oct/22 | $6046 | $16225 | $5866 |
| Oct/23 | $6027 | $17929 | $5894 |
| Oct/24 | $7258 | $23808 | $7153 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | 5 Years | 10 Years |
|---|
Global X SuperDividend® ETF | 20.42% | -6.73% | -3.15% |
| MSCI ACWI Index (Net) (USD) | 32.79% | 11.08% | 9.06% |
| Solactive Global SuperDividend Index (net) | 21.35% | -6.93% | -3.30% |
The line graph represents historical performance of a hypothetical investment of $10,000 in the Fund during the last 10 years. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund shares. Past performance is not indicative of future performance.Call 1-888-493-8631 or visit https://www.globalxetfs.com/funds/sdiv/ for current month-end performance.
Key Fund Statistics as of October 31, 2024
| Total Net Assets | Number of Portfolio Holdings | Total Advisory Fees Paid | Portfolio Turnover Rate |
|---|
| $789,022,363 | 111 | $4,455,563 | 92.54% |
What did the Fund invest in?
Asset/Country WeightingsFootnote Reference*
| Value | Value |
|---|
| Futures Contracts | 0.0% |
| Other Countries | 13.8% |
| Repurchase Agreement | 2.3% |
| South Africa | 2.3% |
| Italy | 2.5% |
| Greece | 2.7% |
| Indonesia | 3.4% |
| Australia | 3.4% |
| Norway | 4.2% |
| Brazil | 5.7% |
| China | 7.6% |
| United Kingdom | 8.7% |
| Hong Kong | 10.0% |
| United States | 35.0% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| Yue Yuen Industrial Holdings | | | 1.8% |
| Adaro Energy | | | 1.3% |
| Van Lanschot Kempen | | | 1.3% |
| Hysan Development | | | 1.3% |
| Kerry Properties | | | 1.3% |
| C&D International Investment Group | | | 1.3% |
| Kinetik Holdings, Cl A | | | 1.3% |
| MFE-MediaForEurope, Cl A | | | 1.3% |
| Sabra Health Care REIT | | | 1.3% |
| Hang Lung Group | | | 1.2% |
There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request.
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:
Global X SuperDividend® ETF: SDIV
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-34
Global X Social Media ETF
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X Social Media ETF (the "Fund") for the period from November 1, 2023 to October 31, 2024. You can find additional information about the Fund at https://www.globalxetfs.com/funds/socl/. You can also request this information by contacting us at 1-888-493-8631.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Global X Social Media ETF | $72 | 0.65% |
How did the Fund perform in the last year?
The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Social Media Total Return Index (“Secondary Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Secondary Index.
The Secondary Index is designed to reflect the performance of companies involved in the social media industry, as determined by Solactive AG, the provider of the Secondary Index. Such companies include those that provide social networking, file sharing, and other web-based media applications.
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 21.15%, while the Secondary Index increased 21.64%. The Fund had a net asset value of $34.75 per share on October 31, 2023 and ended the reporting period with a net asset value of $41.94 per share on October 31, 2024.
During the reporting period, the highest returns came from Life360, Inc. Shs Chess Depository Interests Repr 3 Sh and Trustpilot Group Plc, which returned 193.27% and 162.76% respectively. The worst performers were Bumble, Inc. Class A and Sprinklr, Inc. Class A, which returned -47.32% and -45.33%, respectively.
The Fund recorded positive returns during the reporting period as increasing adoption of e-commerce features on social media platforms significantly boosted revenues for some companies in the industry. Many social media firms successfully monetized their large user bases by integrating seamless shopping experiences, leading to higher advertising revenues and transaction fees. The continued growth in digital advertising spending also benefited social media companies, as businesses allocated more of their marketing budgets to these platforms due to their targeted advertising capabilities and extensive reach. Lastly, the expansion of social media usage in emerging markets contributed to user growth and increased engagement. Despite the Fund’s positive performance during the reporting period, regulatory pressures on data privacy and content moderation led to increased compliance costs and potential revenue headwinds, mitigating the Fund’s returns during the reporting period. During the reporting period, by country, the Fund had the highest exposure to the United States at 47.19% and China at 32.82%.
How did the Fund perform during the last 10 years?
Total Return Based on $10,000 Investment
| Global X Social Media ETF - $22382 | MSCI ACWI Index (Net) (USD) - $23808 | Solactive Social Media Index (NR) (USD) - $23556 |
|---|
| Oct/14 | $10000 | $10000 | $10000 |
| Oct/15 | $10000 | $9997 | $10028 |
| Oct/16 | $12199 | $10201 | $12327 |
| Oct/17 | $16967 | $12568 | $17222 |
| Oct/18 | $15336 | $12503 | $15662 |
| Oct/19 | $16822 | $14078 | $17278 |
| Oct/20 | $27378 | $14766 | $28304 |
| Oct/21 | $32285 | $20270 | $33563 |
| Oct/22 | $13159 | $16225 | $13709 |
| Oct/23 | $18475 | $17929 | $19366 |
| Oct/24 | $22382 | $23808 | $23556 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | 5 Years | 10 Years |
|---|
| Global X Social Media ETF | 21.15% | 5.88% | 8.39% |
| MSCI ACWI Index (Net) (USD) | 32.79% | 11.08% | 9.06% |
| Solactive Social Media Index (NR) (USD) | 21.64% | 6.39% | 8.95% |
The line graph represents historical performance of a hypothetical investment of $10,000 in the Fund during the last 10 years. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund shares. Past performance is not indicative of future performance.Call 1-888-493-8631 or visit https://www.globalxetfs.com/funds/socl/ for current month-end performance.
Key Fund Statistics as of October 31, 2024
| Total Net Assets | Number of Portfolio Holdings | Total Advisory Fees Paid | Portfolio Turnover Rate |
|---|
| $119,099,636 | 53 | $937,335 | 16.85% |
What did the Fund invest in?
Asset/Country WeightingsFootnote Reference*
| Value | Value |
|---|
| Taiwan | 0.1% |
| United Arab Emirates | 0.1% |
| Singapore | 0.2% |
| United Kingdom | 0.4% |
| Germany | 0.7% |
| Repurchase Agreement | 1.2% |
| Japan | 4.7% |
| South Korea | 11.4% |
| China | 34.0% |
| United States | 48.4% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| Meta Platforms, Cl A | | | 9.7% |
| Tencent Holdings | | | 9.6% |
| Pinterest, Cl A | | | 8.2% |
| NAVER | | | 7.6% |
| Kuaishou Technology, Cl B | | | 6.8% |
| Snap, Cl A | | | 5.6% |
| Alphabet, Cl A | | | 4.9% |
| Spotify Technology | | | 4.9% |
| NetEase ADR | | | 4.7% |
| Baidu ADR | | | 4.6% |
There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request.
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:
Global X Social Media ETF: SOCL
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-35
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X Guru® Index ETF (the "Fund") for the period from November 1, 2023 to October 31, 2024. You can find additional information about the Fund at https://www.globalxetfs.com/funds/guru/. You can also request this information by contacting us at 1-888-493-8631.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
Global X Guru® Index ETF | $91 | 0.75% |
How did the Fund perform in the last year?
The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Guru Index (“Secondary Index”).
The Secondary Index is comprised of the top U.S. listed equity positions reported on Form 13F by a select group of entities that Solactive AG characterizes as hedge funds.
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 41.98%, while the Secondary Index increased 42.81%. The Fund had a net asset value of $34.23 per share on October 31, 2023, and ended the reporting period with a net asset value of $48.38 per share on October 31, 2024.
During the reporting period, the highest returns came from NVIDIA Corporation and Tenet Healthcare Corporation, which returned 225.65% and 188.68% respectively. The worst performers were Hertz Global Holdings Inc and Avis Budget Group, Inc., which returned -67.02% and -46.37%, respectively.
Over the reporting period, the Fund experienced positive performance, influenced by several key factors. The Technology sector, a significant component of the Fund, saw substantial growth driven by advancements in artificial intelligence and cloud computing solutions. Additionally, the Consumer Discretionary sector benefited from strong consumer spending and e-commerce growth, boosting the Fund's retail and online marketplace companies. Lastly, the Healthcare sector contributed to the Fund's positive performance, with biotechnology and pharmaceutical companies making significant advancements in drug development and receiving regulatory approvals. Overall, the Fund's strategy of selecting high-conviction ideas from top hedge funds contributed to the overall positive performance during the reporting period, particularly in emerging and innovative technologies. During the reporting period, by sector, the Fund had the highest exposure to Health Care at 17.83% and Consumer Discretionary at 17.20%.
How did the Fund perform during the last 10 years?
Total Return Based on $10,000 Investment
| Global X Guru® Index ETF - $19729 | S&P 500 Index (TR) - $33950 | Solactive Guru Index (net) - $20074 |
|---|
| Oct/14 | $10000 | $10000 | $10000 |
| Oct/15 | $9206 | $10520 | $9240 |
| Oct/16 | $8932 | $10994 | $8981 |
| Oct/17 | $11103 | $13593 | $11191 |
| Oct/18 | $11703 | $14591 | $11847 |
| Oct/19 | $13330 | $16681 | $13513 |
| Oct/20 | $14774 | $18301 | $14992 |
| Oct/21 | $20304 | $26155 | $20592 |
| Oct/22 | $13547 | $22334 | $13786 |
| Oct/23 | $13896 | $24599 | $14057 |
| Oct/24 | $19729 | $33950 | $20074 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | 5 Years | 10 Years |
|---|
Global X Guru® Index ETF | 41.98% | 8.16% | 7.03% |
| S&P 500 Index (TR) | 38.02% | 15.27% | 13.00% |
| Solactive Guru Index (net) | 42.81% | 8.24% | 7.22% |
The line graph represents historical performance of a hypothetical investment of $10,000 in the Fund during the last 10 years. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund shares. Past performance is not indicative of future performance.Call 1-888-493-8631 or visit https://www.globalxetfs.com/funds/guru/ for current month-end performance.
Key Fund Statistics as of October 31, 2024
| Total Net Assets | Number of Portfolio Holdings | Total Advisory Fees Paid | Portfolio Turnover Rate |
|---|
| $44,994,898 | 66 | $332,193 | 100.83% |
What did the Fund invest in?
Asset/Sector WeightingsFootnote Reference*
| Value | Value |
|---|
| Repurchase Agreement | 0.5% |
| Short-Term Investment | 0.7% |
| Real Estate | 3.0% |
| Utilities | 3.6% |
| Energy | 5.2% |
| Materials | 5.7% |
| Consumer Staples | 6.1% |
| Financials | 6.4% |
| Communication Services | 6.5% |
| Industrials | 10.8% |
| Health Care | 15.7% |
| Consumer Discretionary | 17.2% |
| Information Technology | 19.7% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net AssetsFootnote Reference(A) |
|---|
| Delta Air Lines | | | 2.1% |
| Texas Pacific Land | | | 2.0% |
| Constellation Energy | | | 2.0% |
| Maplebear | | | 2.0% |
| ROBLOX, Cl A | | | 1.9% |
| Guidewire Software | | | 1.8% |
| Nuvalent, Cl A | | | 1.8% |
| Alibaba Group Holding ADR | | | 1.8% |
| Oracle | | | 1.8% |
| PTC Therapeutics | | | 1.8% |
| Footnote | Description |
Footnote(A) | Short-Term Investments are not shown in the top ten chart. |
There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request.
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:
Global X Guru® Index ETF: GURU
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-36
Global X SuperIncome™ Preferred ETF
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X SuperIncome™ Preferred ETF (the "Fund") for the period from November 1, 2023 to October 31, 2024. You can find additional information about the Fund at https://www.globalxetfs.com/funds/spff/. You can also request this information by contacting us at 1-888-493-8631.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Global X SuperIncome™ Preferred ETF | $54 | 0.48% |
How did the Fund perform in the last year?
The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Global X U.S. High Yield Preferred Index (“Secondary Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Secondary Index.
The Secondary Index tracks the performance of the highest-yielding preferred securities listed in the United States, as determined by Solactive AG, the administrator of the Secondary Index (“Index Administrator”). The Secondary Index is comprised of preferred stocks that meet certain criteria relating to size, liquidity, issuer concentration and rating, maturity and other requirements, as determined by the Index Administrator. The Secondary Index does not seek to directly reflect the performance of the companies issuing the preferred stock. The Secondary Index is owned and was developed by Global X Management Company LLC, an affiliate of the Fund and the Fund’s investment adviser.
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 24.16%, while the Secondary Index increased 24.70%. The Fund had a net asset value of $8.21 per share on October 31, 2023 and ended the reporting period with a net asset value of $9.59 per share on October 31, 2024.
During the reporting period, the highest returns came from Apollo Global Management Inc Mandatory Conv Pfd Registered Shs Series A and KeyCorp Depositary Shs Repr 1/40th Non-Cum Red Perp Pfd Rg Shs Series H, which returned 67.19% and 59.93% respectively. The worst performers were Qurate Retail, Inc. 8 % Cum Red Pfd Registered Shs Series A and Clarivate PLC Conv Pref Registered Shs 2021-01.06.24, which returned -16.62% and -10.76%, respectively.
During the reporting period, the Fund reported positive performance. The U.S. Federal Reserve's rate cuts in September 2024 positively influenced the Fund because the value of preferred shares often shares an inverse relationship with interest rates. Despite interest rate volatility throughout stretches of the reporting period, preferred stocks continued to offer attractive distributions. During the reporting period, by sector, the Fund had the highest exposure to Financials at 84.49%. Financial preferred stocks delivered strong performance, which positively impacted the Fund's holdings. A resilient economic environment, which supported credit assets, also contributed positively to performance.
How did the Fund perform during the last 10 years?
Total Return Based on $10,000 Investment
| Global X SuperIncome™ Preferred ETF - $12462 | S&P 500 Index (TR) - $33950 | Global X U.S. High Yield Preferred Index^ - $13190 |
|---|
| Oct/14 | $10000 | $10000 | $10000 |
| Oct/15 | $9805 | $10520 | $9940 |
| Oct/16 | $10241 | $10994 | $10426 |
| Oct/17 | $10375 | $13593 | $10633 |
| Oct/18 | $10285 | $14591 | $10578 |
| Oct/19 | $11197 | $16681 | $11572 |
| Oct/20 | $11287 | $18301 | $11722 |
| Oct/21 | $12835 | $26155 | $13428 |
| Oct/22 | $11062 | $22334 | $11625 |
| Oct/23 | $10037 | $24599 | $10577 |
| Oct/24 | $12462 | $33950 | $13190 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | 5 Years | 10 Years |
|---|
| Global X SuperIncome™ Preferred ETF | 24.16% | 2.16% | 2.23% |
| S&P 500 Index (TR) | 38.02% | 15.27% | 13.00% |
| Global X U.S. High Yield Preferred Index^ | 24.70% | 2.65% | 2.81% |
The line graph represents historical performance of a hypothetical investment of $10,000 in the Fund during the last 10 years. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund shares. Past performance is not indicative of future performance.Call 1-888-493-8631 or visit https://www.globalxetfs.com/funds/spff/ for current month-end performance.
^ Secondary Index performance reflects the performance of the S&P Enhanced Yield North American Preferred Stock Index through April 2, 2023, and the Global X U.S. High Yield Preferred Index thereafter. The performance above reflects results achieved pursuant to different principal investment strategies than the strategies currently employed by the Fund. If the Fund's current strategies had been in place prior to April 2, 2023, results shown would have been different.
Key Fund Statistics as of October 31, 2024
| Total Net Assets | Number of Portfolio Holdings | Total Advisory Fees Paid | Portfolio Turnover Rate |
|---|
| $150,709,426 | 52 | $761,481 | 63.31% |
What did the Fund invest in?
Asset/Country WeightingsFootnote Reference*
| Value | Value |
|---|
| Repurchase Agreement | 3.2% |
| Short-Term Investment | 4.3% |
| United States | 99.7% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net AssetsFootnote Reference(A) |
|---|
| Apollo Global Management, 6.75% | | | 6.1% |
| Albemarle, 7.25% | | | 5.7% |
| Wells Fargo, 7.50% | | | 5.1% |
| Bank of America, 7.25% | | | 3.8% |
| JPMorgan Chase, 4.63% | | | 3.4% |
| JPMorgan Chase, 4.20% | | | 3.4% |
| RBC Capital Markets | | | 3.2% |
| M&T Bank, 7.50% | | | 2.9% |
| Morgan Stanley, 6.50% | | | 2.9% |
| Morgan Stanley, 4.25% | | | 2.8% |
| Footnote | Description |
Footnote(A) | Short-Term Investments are not shown in the top ten chart. |
There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request.
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:
Global X SuperIncome™ Preferred ETF: SPFF
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-37
Global X SuperDividend® U.S. ETF
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X SuperDividend® U.S. ETF (the "Fund") for the period from November 1, 2023 to October 31, 2024. You can find additional information about the Fund at https://www.globalxetfs.com/funds/div/. You can also request this information by contacting us at 1-888-493-8631.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
Global X SuperDividend® U.S. ETF | $51 | 0.45% |
How did the Fund perform in the last year?
The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx SuperDividend® U.S. Low Volatility Index (“Secondary Index"). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Secondary Index.
The Secondary Index is maintained by Indxx, LCC (the "Index Provider"). The Secondary Index tracks the performance of 50 equally weighted common stocks, Master Limited Partnerships and real estate investment trusts (“REITs”) that rank among the highest dividend yielding equity securities in the United States, as defined by the Index Provider. The components of the Secondary Index will have also paid dividends consistently over the last two years. The Secondary Index is comprised of securities that the Index Provider determines to have lower volatility relative to the market.
For the 12-month period ended October 31, 2024 (the "reporting period"), the Fund increased 26.21%, while the Secondary Index increased 26.94%. The Fund had a net asset value of $15.62 per share on October 31, 2023 and ended the reporting period with a net asset value of $18.50 per share on October 31, 2024.
During the reporting period, the highest returns came from Virtu Financial, Inc. Class A and International Paper Company, which returned 75.17% and 72.61% respectively. The worst performers were Flagstar Financial, Inc. and Frontline Plc, which returned -48.03% and -27.45%, respectively.
During the reporting period, the Fund reported positive performance. The Fund’s high dividend strategy fared well during the reporting period as interest rate tailwinds kicked in and improved the relative attractiveness of dividend paying equities versus bonds. Dovish expectations on interest rate policy boosted investor sentiment and encouraged market participation which drove positive performance, particularly among rate sensitive sectors such as Real Estate (which includes REITs), Financials, and Utilities. Overall, the Fund's equal-weighting methodology helped ensure a more balanced approach to capturing the broad-based strength of high dividend paying stocks during the reporting period. During the reporting period, by sector, the Fund had the highest exposure to Financials at 28.00% and Energy at 22.56%.
How did the Fund perform during the last 10 years?
Total Return Based on $10,000 Investment
| Global X SuperDividend® U.S. ETF - $12309 | S&P 500 Index (TR) - $33950 | Indxx SuperDividend U.S. Low Volatility Index - $13056 |
|---|
| Oct/14 | $10000 | $10000 | $10000 |
| Oct/15 | $9133 | $10520 | $9166 |
| Oct/16 | $9328 | $10994 | $9473 |
| Oct/17 | $10413 | $13593 | $10732 |
| Oct/18 | $10794 | $14591 | $11185 |
| Oct/19 | $11076 | $16681 | $11531 |
| Oct/20 | $7739 | $18301 | $8048 |
| Oct/21 | $11031 | $26155 | $11492 |
| Oct/22 | $11159 | $22334 | $11699 |
| Oct/23 | $9753 | $24599 | $10285 |
| Oct/24 | $12309 | $33950 | $13056 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | 5 Years | 10 Years |
|---|
Global X SuperDividend® U.S. ETF | 26.21% | 2.13% | 2.10% |
| S&P 500 Index (TR) | 38.02% | 15.27% | 13.00% |
| Indxx SuperDividend U.S. Low Volatility Index | 26.94% | 2.51% | 2.70% |
The line graph represents historical performance of a hypothetical investment of $10,000 in the Fund during the last 10 years. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund shares. Past performance is not indicative of future performance.Call 1-888-493-8631 or visit https://www.globalxetfs.com/funds/div/ for current month-end performance.
Key Fund Statistics as of October 31, 2024
| Total Net Assets | Number of Portfolio Holdings | Total Advisory Fees Paid | Portfolio Turnover Rate |
|---|
| $644,834,762 | 51 | $2,774,047 | 53.21% |
What did the Fund invest in?
Asset/Sector WeightingsFootnote Reference*
| Value | Value |
|---|
| Repurchase Agreements | 0.0% |
| Industrials | 1.9% |
| Consumer Discretionary | 2.0% |
| Information Technology | 2.1% |
| Health Care | 4.1% |
| Communication Services | 6.4% |
| Financials | 6.9% |
| Materials | 8.2% |
| Consumer Staples | 9.0% |
| Real Estate | 19.0% |
| Utilities | 19.9% |
| Energy | 20.2% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| Virtu Financial, Cl A | | | 3.5% |
| International Paper | | | 2.9% |
| Spire | | | 2.8% |
| Philip Morris International | | | 2.8% |
| National Health Investors | | | 2.7% |
| Kinder Morgan | | | 2.7% |
| Omega Healthcare Investors | | | 2.6% |
| Altria Group | | | 2.5% |
| AT&T | | | 2.5% |
| Dominion Energy | | | 2.4% |
There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request.
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:
Global X SuperDividend® U.S. ETF: DIV
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-38
Global X MSCI SuperDividend® Emerging Markets ETF
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X MSCI SuperDividend® Emerging Markets ETF (the "Fund") for the period from November 1, 2023 to October 31, 2024. You can find additional information about the Fund at https://www.globalxetfs.com/funds/sdem/. You can also request this information by contacting us at 1-888-493-8631.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
Global X MSCI SuperDividend® Emerging Markets ETF | $72 | 0.66% |
How did the Fund perform in the last year?
The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Emerging Markets Top 50 Dividend Index (“Secondary Index”).
The Secondary Index is based on the MSCI Emerging Markets Index, its parent index ("Parent Index"), which includes large- and mid-capitalization stocks across 23 emerging markets countries. The Secondary Index tracks the performance of 50 equally-weighted companies from the Parent Index that rank among the highest dividend yielding securities in emerging markets.
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 17.80%, while the Secondary Index increased 20.15%. The Fund had a net asset value of $22.48 per share on October 31, 2023, and ended the reporting period with a net asset value of $24.66 per share on October 31, 2024.
During the reporting period, the highest returns came from Vedanta Limited and Evergreen Marine Corp. (Taiwan) Ltd., which returned 131.42% and 86.40% respectively. The worst performers were Xinjiang Daqo New Energy Co. Ltd. Class A and Banpu Public Co. Ltd. NVDR, which returned -36.05% and -26.16%, respectively.
The Fund recorded positive returns during the reporting period, driven by several key factors. Robust economic growth in select emerging economies contributed significantly to the Fund's performance, as companies in these markets benefited from increased consumer spending and infrastructure development. Additionally, dovish interest rate policies worldwide contributed to the positive performance of rate-sensitive sectors like Financials and Real Estate Investment Trusts (REITs), which are well represented in the Fund. The Fund's focus on high-dividend-yielding stocks proved advantageous, as some investors sought income-generating assets amidst global economic uncertainties. Rising global commodity prices, particularly for energy and metals, provided a tailwind for the Fund's holdings across various export-oriented sectors and ultimately helped capture gains from different areas of global growth, contributing to the Fund’s positive performance during the reporting period. During the reporting period, by sector, the Fund had the highest exposure to Financials at 28.51% and Energy at 22.54%. By country, the Fund had the highest exposure to China at 31.11% and Brazil at 8.89%.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X MSCI SuperDividend® Emerging Markets ETF - $10441 | MSCI Emerging Markets Index (Net) (USD) - $15059 | MSCI Emerging Markets Top 50 Dividend Index (net)^ - $11739 |
|---|
| Mar/15 | $10000 | $10000 | $10000 |
| Oct/15 | $9511 | $9186 | $9565 |
| Oct/16 | $10993 | $10037 | $11182 |
| Oct/17 | $12307 | $12692 | $12897 |
| Oct/18 | $10571 | $11103 | $11167 |
| Oct/19 | $11326 | $12420 | $12060 |
| Oct/20 | $8946 | $13444 | $9657 |
| Oct/21 | $11257 | $15725 | $12331 |
| Oct/22 | $7791 | $10846 | $8498 |
| Oct/23 | $8864 | $12017 | $9770 |
| Oct/24 | $10441 | $15059 | $11739 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | 5 Years | Annualized Since Inception |
|---|
Global X MSCI SuperDividend® Emerging Markets ETF | 17.80% | -1.61% | 0.45% |
| MSCI Emerging Markets Index (Net) (USD) | 25.32% | 3.93% | 4.34% |
| MSCI Emerging Markets Top 50 Dividend Index (net)^ | 20.15% | -0.54% | 1.68% |
Since its inception on March 16, 2015. The line graph represents historical performance of a hypothetical investment of $10,000 in the Fund since inception. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund shares. Past performance is not indicative of future performance.Call 1-888-493-8631 or visit https://www.globalxetfs.com/funds/sdem/ for current month-end performance.
^ The Fund changed its Secondary Index from the Indxx SuperDividend® Emerging Markets Index to the MSCI Emerging Markets Top 50 Dividend Index on November 16, 2016 to enhance the Fund's exposure to emerging markets. Performance through November 15, 2016 reflects the performance of the Indxx SuperDividend® Emerging Markets Index. Performance thereafter reflects the performance of the MSCI Emerging Markets Top 50 Dividend Index.
Key Fund Statistics as of October 31, 2024
| Total Net Assets | Number of Portfolio Holdings | Total Advisory Fees Paid | Portfolio Turnover Rate |
|---|
| $36,233,524 | 60 | $281,894 | 88.93% |
What did the Fund invest in?
Asset/Country WeightingsFootnote Reference*
| Value | Value |
|---|
| Futures Contracts | 0.0% |
| Other Countries | 14.7% |
| Mexico | 3.1% |
| Egypt | 3.5% |
| Repurchase Agreement | 3.6% |
| Saudi Arabia | 3.6% |
| Colombia | 3.6% |
| Chile | 3.8% |
| Greece | 4.4% |
| Czech Republic | 4.9% |
| South Africa | 5.6% |
| Turkey | 6.0% |
| Brazil | 10.9% |
| China | 35.6% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| Eastern SAE | | | 3.5% |
| Moneta Money Bank | | | 2.7% |
| MINISO Group Holding | | | 2.6% |
| SCB X NVDR | | | 2.6% |
| Absa Group | | | 2.5% |
| NEPI Rockcastle | | | 2.5% |
| China Construction Bank, Cl H | | | 2.4% |
| OPAP | | | 2.3% |
| Komercni Banka | | | 2.3% |
| Yutong Bus, Cl A | | | 2.3% |
There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request.
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:
Global X MSCI SuperDividend® Emerging Markets ETF: SDEM
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-39
Global X SuperDividend® REIT ETF
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X SuperDividend® REIT ETF (the "Fund") for the period from November 1, 2023 to October 31, 2024. You can find additional information about the Fund at https://www.globalxetfs.com/funds/sret/. You can also request this information by contacting us at 1-888-493-8631.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
Global X SuperDividend® REIT ETF | $65 | 0.58% |
How did the Fund perform in the last year?
The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global SuperDividend® REIT Index (“Secondary Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Secondary Index.
The Secondary Index tracks the performance of real estate investment trusts (“REITs”) that rank among the highest yielding REITs globally, as determined by Solactive AG, the provider of the Secondary Index.
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 24.41%, while the Secondary Index increased 25.01%. The Fund had a net asset value of $18.67 per share on October 31, 2023, and ended the reporting period with a net asset value of $21.42 per share on October 31, 2024.
During the reporting period, the highest returns came from National Health Investors, Inc. and Growthpoint Properties Limited, which returned 61.71% and 57.01% respectively. The worst performers were Ready Capital Corporation and Office Properties Income Trust, which returned -19.10% and -18.48%, respectively.
The Fund recorded positive returns during the reporting period. Occupancy rates improved and rental income stabilized in commercial real estate which contributed to the Fund’s positive performance. Interest rate cuts and rising price certainty, contributed to the positive performance of diversified REITs. Healthcare REITs saw their valuations continue to recover during the reporting period, while continuing to benefit from aging population tailwinds, as well as moderating inflation pressures. During the reporting period, by country, the Fund had the highest exposure to the United States at 72.66% and Singapore at 9.26%.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X SuperDividend® REIT ETF - $10113 | MSCI ACWI Index (Net) (USD)* - $23462 | Solactive Global SuperDividend REIT Index (net) - $10643 | S&P 500 Index (TR) - $32641 |
|---|
| Mar/15 | $10000 | $10000 | $10000 | $10000 |
| Oct/15 | $9114 | $9851 | $9141 | $10114 |
| Oct/16 | $11029 | $10053 | $11148 | $10570 |
| Oct/17 | $12462 | $12386 | $12715 | $13068 |
| Oct/18 | $12998 | $12322 | $13340 | $14028 |
| Oct/19 | $14776 | $13873 | $15260 | $16038 |
| Oct/20 | $7987 | $14551 | $8243 | $17595 |
| Oct/21 | $11090 | $19975 | $11486 | $25146 |
| Oct/22 | $8738 | $15989 | $9088 | $21472 |
| Oct/23 | $8129 | $17668 | $8513 | $23650 |
| Oct/24 | $10113 | $23462 | $10643 | $32641 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | 5 Years | Annualized Since Inception |
|---|
Global X SuperDividend® REIT ETF | 24.41% | -7.30% | 0.12% |
| MSCI ACWI Index (Net) (USD)* | 32.79% | 11.08% | 9.25% |
| Solactive Global SuperDividend REIT Index (net) | 25.01% | -6.95% | 0.65% |
| S&P 500 Index (TR) | 38.02% | 15.27% | 13.06% |
Since its inception on March 16, 2015. The line graph represents historical performance of a hypothetical investment of $10,000 in the Fund since inception. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund shares. Past performance is not indicative of future performance.Call 1-888-493-8631 or visit https://www.globalxetfs.com/funds/sret/ for current month-end performance.
* As of October 2024, pursuant to new regulatory requirements, the Fund changed its broad-based securities market benchmark from S&P 500 Index (TR) to MSCI ACWI (Net) (USD) to reflect that MSCI ACWI (Net) (USD) is more broadly representative of the overall applicable securities market.
Key Fund Statistics as of October 31, 2024
| Total Net Assets | Number of Portfolio Holdings | Total Advisory Fees Paid | Portfolio Turnover Rate |
|---|
| $220,575,873 | 31 | $1,298,852 | 84.50% |
What did the Fund invest in?
Asset/Country WeightingsFootnote Reference*
| Value | Value |
|---|
| Futures Contracts | 0.0% |
| Hong Kong | 2.8% |
| Canada | 3.2% |
| Australia | 3.3% |
| South Africa | 3.4% |
| France | 3.6% |
| Singapore | 6.5% |
| United States | 76.3% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| Omega Healthcare Investors | | | 4.9% |
| National Health Investors | | | 4.6% |
| Sabra Health Care REIT | | | 4.5% |
| LTC Properties | | | 3.9% |
| MFA Financial, | | | 3.8% |
| Getty Realty | | | 3.7% |
| Covivio | | | 3.6% |
| Gaming and Leisure Properties | | | 3.5% |
| Broadstone Net Lease, Cl A | | | 3.5% |
| Growthpoint Properties | | | 3.4% |
There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request.
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:
Global X SuperDividend® REIT ETF: SRET
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-40
Global X Renewable Energy Producers ETF
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X Renewable Energy Producers ETF (the "Fund") for the period from November 1, 2023 to October 31, 2024. You can find additional information about the Fund at https://www.globalxetfs.com/funds/rnrg. You can also request this information by contacting us at 1-888-493-8631.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Global X Renewable Energy Producers ETF | $67 | 0.65% |
How did the Fund perform in the last year?
The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Renewable Energy Producers Index (“Secondary Index”).
The Secondary Index is designed to provide exposure to publicly traded companies that produce energy from renewable sources including wind, solar, hydroelectric, geothermal, and biofuels (including publicly traded companies that are formed to own operating assets that produce defined cash flows), as defined by Indxx LLC, the provider of the Secondary Index.
For the 12-month period ended October 31, 2024 (“reporting period”), the Fund increased 6.18%, while the Secondary Index increased 6.61%. The Fund had a net asset value of $9.30 per share on October 31, 2023 and ended the reporting period with a net asset value of $9.74 per share on October 31, 2024.
During the reporting period, the highest returns came from Neoen SA and Drax Group plc, which returned 63.69% and 63.37%, respectively. The worst performers were Enviva Inc and Energy Absolute Public Co. Ltd. NVDR, which returned -87.90% and -79.80%, respectively.
During the reporting period the Fund recorded positive performance. Supportive climate and energy policies across the globe remained a key tailwind for renewable energy growth. Additionally, the decreasing cost of renewable energy technologies, as well as technological advancements within the Wind and Solar Power sectors, have resulted in renewables being cost-competitive with fossil fuels in many regions. Another critical driver of the Fund’s performance was rising corporate interest in renewable energy systems. In particular, technology companies have looked to wind and solar power as one of the solutions for meeting the energy demand growth from artificial intelligence and data center operations. Despite experiencing overall positive growth, the constituents in the Secondary Index also continued to face various headwinds. The high-interest rate environment made it more challenging to finance new capital-intensive projects and dampened demand in major residential solar markets like the U.S. and Europe. In addition, lengthy and complex permitting procedures delayed project timelines and escalated costs throughout the U.S. and Europe. Despite these headwinds, the Fund experienced positive performance during the reporting period. During the reporting period, by country, the Fund had the highest exposure to New Zealand at 13.35%. and Brazil at 12.21%.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X Renewable Energy Producers ETF - $8570 | MSCI ACWI Index (Net) (USD) - $22517 | Indxx Renewable Energy Producers Index (net)^ - $8876 |
|---|
| May/15 | $10000 | $10000 | $10000 |
| Oct/15 | $7361 | $9455 | $7377 |
| Oct/16 | $7895 | $9648 | $7912 |
| Oct/17 | $9261 | $11887 | $9346 |
| Oct/18 | $8936 | $11826 | $9022 |
| Oct/19 | $11111 | $13315 | $11304 |
| Oct/20 | $12377 | $13965 | $12623 |
| Oct/21 | $14279 | $19171 | $14638 |
| Oct/22 | $11198 | $15345 | $11519 |
| Oct/23 | $8071 | $16957 | $8326 |
| Oct/24 | $8570 | $22517 | $8876 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | 5 Years | Annualized Since Inception |
|---|
| Global X Renewable Energy Producers ETF | 6.18% | -5.06% | -1.62% |
| MSCI ACWI Index (Net) (USD) | 32.79% | 11.08% | 8.98% |
| Indxx Renewable Energy Producers Index (net)^ | 6.61% | -4.72% | -1.25% |
Since its inception on May 27, 2015. The line graph represents historical performance of a hypothetical investment of $10,000 in the Fund since inception. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund shares. Past performance is not indicative of future performance.Call 1-888-493-8631 or visit https://www.globalxetfs.com/funds/rnrg for current month-end performance.
^ The Fund changed its Secondary Index from the Indxx Global YieldCo Index to the Indxx YieldCo & Renewable Energy Income Index on November 19, 2018 to increase the Fund's diversification and liquidity. Performance through November 18, 2018 reflects the performance of the Indxx Global YieldCo Index. Performance thereafter reflects the performance of the Indxx YieldCO & Renewable Energy Income Index. Effective February 1, 2021, the name of the Secondary Index changed from Indxx YieldCo & Renewable Energy Income Index to the Indxx Renewable Energy Producers Index.
Key Fund Statistics as of October 31, 2024
| Total Net Assets | Number of Portfolio Holdings | Total Advisory Fees Paid | Portfolio Turnover Rate |
|---|
| $33,981,427 | 45 | $264,343 | 16.51% |
What did the Fund invest in?
Asset/Sector WeightingsFootnote Reference*
| Value | Value |
|---|
| Energy | 0.8% |
| Industrials | 3.2% |
| Repurchase Agreements | 3.8% |
| Utilities | 95.5% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| Orsted | | | 6.6% |
| Verbund | | | 6.4% |
| Centrais Eletricas Brasileiras | | | 6.3% |
| Meridian Energy | | | 5.9% |
| EDP Renovaveis | | | 5.8% |
| Barito Renewables Energy | | | 5.2% |
| Brookfield Renewable Partners, Cl A | | | 5.0% |
| Neoen | | | 5.0% |
| Mercury NZ | | | 4.5% |
| Engie Brasil Energia | | | 4.2% |
There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request.
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:
Global X Renewable Energy Producers ETF: RNRG
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-41
Global X S&P 500® Catholic Values ETF
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X S&P 500® Catholic Values ETF (the "Fund") for the period from November 1, 2023 to October 31, 2024. You can find additional information about the Fund at https://www.globalxetfs.com/funds/cath/. You can also request this information by contacting us at 1-888-493-8631.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
Global X S&P 500® Catholic Values ETF | $34 | 0.29% |
How did the Fund perform in the last year?
The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P 500® Catholic Values Index (“Secondary Index”). The Fund is passively managed and generally seeks to fully replicate the Secondary Index.
The Secondary Index is designed to provide exposure to U.S. equity securities included in the S&P 500® Index while maintaining alignment with the moral and social teachings of the Catholic Church. From this starting universe, constituents are screened to exclude companies involved in activities which are perceived to be inconsistent with Catholic values as outlined in the Socially Responsible Investment Guidelines of the U.S. Conference of Catholic Bishops. The Secondary Index then reweights the remaining constituents so that the Secondary Index's sector exposures matches the sector exposures of the S&P 500® Index.
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 36.53%, while the Secondary Index increased by 36.92%. The Fund had a net asset value of $50.89 per share on October 31, 2023, and ended the reporting period with a net asset value of $68.72 per share on October 31, 2024.
During the reporting period, the highest returns came from NVIDIA Corporation and Fair Isaac Corporation, which returned 225.65% and 135.63% respectively. The worst performers were Super Micro Computer, Inc. and Walgreens Boots Alliance, Inc., which returned -67.84% and -51.75%, respectively.
The Fund recorded positive returns during the reporting period, driven by several key factors. The Technology sector, which constitutes the largest portion of the Fund, was the primary driver of performance. This was fueled by increased earnings from several of the sector’s largest companies which have been capitalizing on the artificial intelligence cycle. Additionally, investors have shown increased interest in values-based and ethical investments in the equity markets. Declining inflation levels and interest rates, and a strong economic environment with a low unemployment rate, have contributed to positive performance of securities in broad-based securities indexes, such as the S&P 500® Index. During the reporting period, by sector, the Fund had the highest exposure of 30.49% in Information Technology, 12.96% in Financials, and 12.25% in Health Care.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X S&P 500® Catholic Values ETF - $30393 | S&P 500 Index (TR) - $31695 | S&P 500 Catholic Values Index - $30396 |
|---|
| Apr/16 | $10000 | $10000 | $10000 |
| Oct/16 | $10239 | $10264 | $10148 |
| Oct/17 | $12724 | $12690 | $12461 |
| Oct/18 | $13597 | $13622 | $13356 |
| Oct/19 | $15482 | $15573 | $15257 |
| Oct/20 | $17013 | $17085 | $16827 |
| Oct/21 | $24417 | $24417 | $24221 |
| Oct/22 | $20381 | $20850 | $20264 |
| Oct/23 | $22261 | $22965 | $22201 |
| Oct/24 | $30393 | $31695 | $30396 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | 5 Years | Annualized Since Inception |
|---|
Global X S&P 500® Catholic Values ETF | 36.53% | 14.44% | 13.90% |
| S&P 500 Index (TR) | 38.02% | 15.27% | 14.46% |
| S&P 500 Catholic Values Index | 36.92% | 14.78% | 13.90% |
Since its inception on April 18, 2016. The line graph represents historical performance of a hypothetical investment of $10,000 in the Fund since inception. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund shares. Past performance is not indicative of future performance.Call 1-888-493-8631 or visit https://www.globalxetfs.com/funds/cath/ for current month-end performance.
Key Fund Statistics as of October 31, 2024
| Total Net Assets | Number of Portfolio Holdings | Total Advisory Fees Paid | Portfolio Turnover Rate |
|---|
| $899,518,711 | 435 | $2,416,278 | 8.42% |
What did the Fund invest in?
Sector WeightingsFootnote Reference*
| Value | Value |
|---|
| Materials | 2.2% |
| Real Estate | 2.3% |
| Utilities | 2.6% |
| Energy | 3.4% |
| Consumer Staples | 5.6% |
| Industrials | 8.6% |
| Communication Services | 9.1% |
| Consumer Discretionary | 10.0% |
| Health Care | 11.4% |
| Financials | 13.2% |
| Information Technology | 31.5% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| Apple | | | 7.2% |
| NVIDIA | | | 6.9% |
| Microsoft | | | 6.4% |
| Meta Platforms, Cl A | | | 2.6% |
| Tesla | | | 2.3% |
| Alphabet, Cl A | | | 2.1% |
| Alphabet, Cl C | | | 1.7% |
| Broadcom | | | 1.7% |
| Procter & Gamble | | | 1.6% |
| Costco Wholesale | | | 1.6% |
There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request.
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:
Global X S&P 500® Catholic Values ETF: CATH
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-42
Global X MSCI SuperDividend® EAFE ETF
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X MSCI SuperDividend® EAFE ETF (the "Fund") for the period from November 1, 2023 to October 31, 2024. You can find additional information about the Fund at https://www.globalxetfs.com/funds/efas/. You can also request this information by contacting us at 1-888-493-8631.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
Global X MSCI SuperDividend® EAFE ETF | $62 | 0.55% |
How did the Fund perform in the last year?
The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI EAFE Top 50 Dividend Index (“Secondary Index”).
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 23.95%, while the Secondary Index increased 24.51%. The Fund had a net asset value of $12.76 per share on October 31, 2023, and ended the reporting period with a net asset value of $14.84 per share on October 31, 2024.
During the reporting period, the highest returns came from SITC International Holdings Co., Ltd. and NN Group N.V., which returned 74.17% and 65.55% respectively. The worst performers were Spark New Zealand Limited and Volkswagen AG Pref, which returned -35.09% and -22.66%, respectively.
During the reporting period, the Fund recorded positive performance driven by several key factors. The Secondary Index's focus on companies that grew or maintained their dividends resulted in a collection of firms that typically have stable balance sheets and cash flows. Companies in the Utilities and Financial sectors, which often display the aforementioned traits, may perform well in volatile and uncertain markets as investors seek refuge in income-generating assets that show some degree of resilience to external forces under these conditions. Additionally, the Fund exhibited positive performance partly due to an economic recovery in both Japan and the United Kingdom. Japan's economy showed promising signs of growth with gross domestic product growth fueled by rising real incomes and increased household consumption. Improvements in Japan’s logistics sector was an integral component to Japan’s overall growth during the reporting period. The United Kingdom's recovery has been part of a broader global economic trend characterized by reduced inflation and lower borrowing costs. Finally, the Fund's equal-weighting methodology provided diversification benefits and reduced concentration risk during the reporting period. During the reporting period, by sector, the Fund had the highest exposure to Financials at 32.36% and Utilities at 14.73%. By country, the Fund had the highest exposure to the United Kingdom at 16.11%, Hong Kong at 10.17%, and France at 9.72%.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X MSCI SuperDividend® EAFE ETF - $15902 | MSCI EAFE Index (Net) (USD) - $17669 | MSCI EAFE Top 50 Dividend Index (net) - $16479 |
|---|
| Nov/16 | $10000 | $10000 | $10000 |
| Oct/17 | $12619 | $12619 | $12666 |
| Oct/18 | $11914 | $11754 | $11997 |
| Oct/19 | $12844 | $13052 | $12994 |
| Oct/20 | $9601 | $12156 | $9773 |
| Oct/21 | $13735 | $16311 | $14081 |
| Oct/22 | $11246 | $12560 | $11589 |
| Oct/23 | $12829 | $14369 | $13235 |
| Oct/24 | $15902 | $17669 | $16479 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | 5 Years | Annualized Since Inception |
|---|
Global X MSCI SuperDividend® EAFE ETF | 23.95% | 4.36% | 5.99% |
| MSCI EAFE Index (Net) (USD) | 22.97% | 6.24% | 7.41% |
| MSCI EAFE Top 50 Dividend Index (net) | 24.51% | 4.87% | 6.47% |
Since its inception on November 14, 2016. The line graph represents historical performance of a hypothetical investment of $10,000 in the Fund since inception. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund shares. Past performance is not indicative of future performance.Call 1-888-493-8631 or visit https://www.globalxetfs.com/funds/efas/ for current month-end performance.
Key Fund Statistics as of October 31, 2024
| Total Net Assets | Number of Portfolio Holdings | Total Advisory Fees Paid | Portfolio Turnover Rate |
|---|
| $10,831,075 | 50 | $58,525 | 64.02% |
What did the Fund invest in?
Country WeightingsFootnote Reference*
| Value | Value |
|---|
| Other Countries | 10.0% |
| Singapore | 2.2% |
| Switzerland | 3.9% |
| Netherlands | 3.9% |
| Australia | 4.0% |
| Japan | 4.1% |
| Germany | 5.0% |
| Spain | 6.6% |
| Norway | 7.7% |
| France | 10.1% |
| Italy | 10.3% |
| Hong Kong | 12.9% |
| United Kingdom | 18.0% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| Hongkong Land Holdings | | | 2.5% |
| Imperial Brands | | | 2.5% |
| CK Infrastructure Holdings | | | 2.4% |
| ACS Actividades de Construccion y Servicios | | | 2.3% |
| Klepierre | | | 2.3% |
| Zurich Insurance Group | | | 2.3% |
| CaixaBank | | | 2.2% |
| British American Tobacco PLC | | | 2.2% |
| Power Assets Holdings | | | 2.2% |
| DNB Bank | | | 2.2% |
There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request.
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:
Global X MSCI SuperDividend® EAFE ETF: EFAS
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-43
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X E-commerce ETF (the "Fund") for the period from November 1, 2023 to October 31, 2024. You can find additional information about the Fund at https://www.globalxetfs.com/funds/ebiz/. You can also request this information by contacting us at 1-888-493-8631.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Global X E-commerce ETF | $64 | 0.50% |
How did the Fund perform in the last year?
The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive E-commerce Index (“Secondary Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Secondary Index.
The Secondary Index tracks the price movements in shares of companies which are (or are expected to be in the near future) active in the field of E-commerce, as defined by Solactive AG, the provider of the Secondary Index. The Secondary Index is designed to provide exposure to exchange-listed companies that are positioned to benefit from the increased adoption of e-commerce as a distribution model, including but not limited to companies whose principal business is in operating e-commerce platforms, providing e-commerce software and services, and or/selling goods and services online.
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 57.51%, while the Index increased 58.23%. The Fund had a net asset value of $16.96 per share on October 31, 2023 and ended the reporting period with a net asset value of $26.65 per share on October 31, 2024.
During the reporting period, the highest returns came from Carvana Co. Class A and LendingTree, Inc., which returned 474.34% and 331.07% respectively. The worst performers were Beyond, Inc. and LivePerson, Inc., which returned -58.91% and -54.36%, respectively.
The Fund recorded positive returns during the reporting period, as the shift towards online shopping and digital transactions continued. To further accelerate the adoption of e-commerce and boost customer satisfaction and online sales volumes, major e-commerce players invested in their supply chain to expand same-day and next-day delivery capabilities. Additionally, the rise of social commerce, where consumers discover and purchase products through social media platforms, provided a new avenue for growth within the e-commerce ecosystem. Furthermore, digital payment solutions integrated into e-commerce platforms also saw heightened usage, contributing to the Fund's performance. During the reporting period, by sector, the Fund had the highest exposure to Consumer Discretionary at 67.45% and Communication Services at 12.75%. By country, the Fund had the highest exposure to the United States at 50.67% and China at 23.68%.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X E-commerce ETF - $18108 | MSCI ACWI Index (Net) (USD) - $19146 | Solactive E-commerce Index (net) - $18583 |
|---|
| Nov/18 | $10000 | $10000 | $10000 |
| Oct/19 | $11720 | $11321 | $11788 |
| Oct/20 | $17893 | $11875 | $18066 |
| Oct/21 | $21005 | $16301 | $21295 |
| Oct/22 | $10253 | $13048 | $10430 |
| Oct/23 | $11497 | $14418 | $11745 |
| Oct/24 | $18108 | $19146 | $18583 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | 5 Years | Annualized Since Inception |
|---|
| Global X E-commerce ETF | 57.51% | 9.09% | 10.53% |
| MSCI ACWI Index (Net) (USD) | 32.79% | 11.08% | 11.57% |
| Solactive E-commerce Index (net) | 58.23% | 9.53% | 11.01% |
Since its inception on November 27, 2018. The line graph represents historical performance of a hypothetical investment of $10,000 in the Fund since inception. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund shares. Past performance is not indicative of future performance.Call 1-888-493-8631 or visit https://www.globalxetfs.com/funds/ebiz/ for current month-end performance.
Key Fund Statistics as of October 31, 2024
| Total Net Assets | Number of Portfolio Holdings | Total Advisory Fees Paid | Portfolio Turnover Rate |
|---|
| $56,231,483 | 46 | $336,869 | 31.04% |
What did the Fund invest in?
Asset/Sector WeightingsFootnote Reference*
| Value | Value |
|---|
| Financials | 0.5% |
| Consumer Staples | 2.0% |
| Real Estate | 3.6% |
| Industrials | 6.3% |
| Repurchase Agreements | 6.8% |
| Information Technology | 9.2% |
| Communication Services | 10.6% |
| Consumer Discretionary | 67.7% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| Carvana, Cl A | | | 6.5% |
| JD.com ADR | | | 5.7% |
| Trip.com Group ADR | | | 5.0% |
| Sea ADR | | | 4.9% |
| Alibaba Group Holding ADR | | | 4.7% |
| Shopify, Cl A | | | 4.5% |
| Expedia Group | | | 4.4% |
| MercadoLibre | | | 4.3% |
| Booking Holdings | | | 4.3% |
| GoDaddy, Cl A | | | 4.2% |
There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request.
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:
Global X E-commerce ETF: EBIZ
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-44
Global X S&P Catholic Values Developed ex-U.S. ETF
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X S&P Catholic Values Developed ex-U.S. ETF (the "Fund") for the period from November 1, 2023 to October 31, 2024. You can find additional information about the Fund at https://www.globalxetfs.com/funds/cefa/. You can also request this information by contacting us at 1-888-493-8631.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Global X S&P Catholic Values Developed ex-U.S. ETF | $39 | 0.35% |
How did the Fund perform in the last year?
The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Developed Ex-U.S. Catholic Values Index (“Secondary Index”).
The Secondary Index is designed to provide exposure to developed market equity securities outside of the U.S. while maintaining alignment with the moral and social teachings of the Catholic Church. The Secondary Index is based on the S&P EPAC ex-Korea Large Cap Index. From this starting universe, constituents are screened to exclude companies involved in activities which are perceived to be inconsistent with Catholic values as outlined in the Socially Responsible Investment Guidelines of the U.S. Conference of Catholic Bishops. The Secondary Index then reweights the remaining constituents so that the Secondary Index’s sector exposures match the current sector exposures of the S&P EPAC ex-Korea Large Cap Index.
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 24.02%, while the Secondary Index increased 24.41%. The Fund had a net asset value of $25.87 per share on October 31, 2023 and ended the reporting period with a net asset value of $31.05 per share on October 31, 2024.
During the reporting period, the highest returns came from UCB S.A. and Kongsberg Gruppen ASA, which returned 164.96% and 141.25% respectively. The worst performers were AutoStore Holdings Ltd. and Neste Corporation, which returned -53.46% and -49.54%, respectively.
During the reporting period, the Fund recorded positive performance, driven by several key factors. The Fund's allocation to the Financial sector boosted returns, as many banks and insurance companies benefited from high interest rates and improved profitability. The Healthcare sector also contributed positively to the Fund’s performance, with pharmaceutical and medical device companies delivering strong earnings growth. The Fund's relatively minor exposure to the lagging Energy sector helped performance over the reporting period. Additionally, investors have shown increased interest in values-based and ethical investments in the equity markets. During the reporting period, by sector, the Fund had the highest exposure to Financials at 19.64% and Industrials at 15.14%, and Health Care at 14.18%. By country, the Fund had the highest exposure to Japan at 27.30%.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X S&P Catholic Values Developed ex-U.S. ETF - $13871 | MSCI EAFE Index (Net) (USD) - $14464 | S&P Developed ex-U.S. Catholic Values Index (net) - $14048 |
|---|
| Jun/20 | $10000 | $10000 | $10000 |
| Oct/20 | $9972 | $9952 | $9981 |
| Oct/21 | $13342 | $13353 | $13419 |
| Oct/22 | $9858 | $10282 | $9932 |
| Oct/23 | $11184 | $11763 | $11292 |
| Oct/24 | $13871 | $14464 | $14048 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | Annualized Since Inception |
|---|
| Global X S&P Catholic Values Developed ex-U.S. ETF | 24.02% | 7.79% |
| MSCI EAFE Index (Net) (USD) | 22.97% | 8.83% |
| S&P Developed ex-U.S. Catholic Values Index (net) | 24.41% | 8.11% |
Since its inception on June 22, 2020. The line graph represents historical performance of a hypothetical investment of $10,000 in the Fund since inception. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund shares. Past performance is not indicative of future performance.Call 1-888-493-8631 or visit https://www.globalxetfs.com/funds/cefa/ for current month-end performance.
Key Fund Statistics as of October 31, 2024
| Total Net Assets | Number of Portfolio Holdings | Total Advisory Fees Paid | Portfolio Turnover Rate |
|---|
| $12,729,182 | 398 | $49,416 | 12.13% |
What did the Fund invest in?
Sector WeightingsFootnote Reference*
| Value | Value |
|---|
| Real Estate | 1.5% |
| Utilities | 3.1% |
| Energy | 4.0% |
| Communication Services | 3.9% |
| Materials | 6.3% |
| Consumer Staples | 9.1% |
| Information Technology | 9.2% |
| Consumer Discretionary | 11.1% |
| Health Care | 14.9% |
| Industrials | 15.5% |
| Financials | 21.1% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| CSL | | | 2.8% |
| EssilorLuxottica | | | 2.1% |
| ASML Holding | | | 1.9% |
| SAP | | | 1.7% |
| Unilever | | | 1.7% |
| Toyota Motor | | | 1.7% |
| Hoya | | | 1.5% |
| Shell | | | 1.4% |
| Alcon | | | 1.4% |
| LVMH Moet Hennessy Louis Vuitton | | | 1.3% |
There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request.
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:
Global X S&P Catholic Values Developed ex-U.S. ETF: CEFA
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-45
Global X NASDAQ 100® Tail Risk ETF
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X NASDAQ 100® Tail Risk ETF (the "Fund") for the period from November 1, 2023 to October 31, 2024. You can find additional information about the Fund at https://www.globalxetfs.com/funds/qtr/. You can also request this information by contacting us at 1-888-493-8631.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
Global X NASDAQ 100® Tail Risk ETF | $29 | 0.25% |
How did the Fund perform in the last year?
The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Nasdaq-100 Quarterly Protective Put 90 Index (“Secondary Index”).
The Secondary Index measures the performance of a risk management strategy that holds the underlying stocks of the NASDAQ 100® Index ("Reference Index") and applies a protective put strategy with long (purchased) put options on the Reference Index. The Secondary Index specifically reflects the performance of the component securities of the Reference Index, combined with a long position in 10% out-of-the-money (“OTM”) put options that correspond to the value of the portfolio of stocks in the Reference Index.
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 33.26%, while the Secondary Index increased 33.71%. The Fund had a net asset value of $22.71 per share on October 31, 2023 and ended the reporting period with a net asset value of $30.08 per share on October 31, 2024.
During the reporting period, the highest returns came from NVIDIA Corporation and Constellation Energy Corporation, which returned 225.65% and 134.68% respectively. The worst performers were Super Micro Computer, Inc. and Walgreens Boots Alliance, Inc., which returned -63.47% and -45.16%, respectively.
The Fund recorded positive returns during the reporting period, driven by several key factors. Macroeconomic factors such as an easing interest rate environment, low unemployment, and lowering inflation resulted in positive performance in the broader market during the reporting period. The Technology sector, which comprises a significant portion of the Fund's underlying holdings, experienced robust growth across various technologies such as artificial intelligence, cloud computing, e-commerce, and semiconductors. While the Fund was able to participate in the upside experienced by the Reference Index, its positive performance was mitigated in part by the payment of put premiums. During the reporting period, by sector, the Fund had the highest exposure to Information Technology at 50.08% and Communication Services at 15.52%.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X NASDAQ 100® Tail Risk ETF - $12333 | S&P 500 Index (TR)* - $13325 | NASDAQ-100 Quarterly Protective Put 90 Index - $12505 | NASDAQ -100 Index (USD) - $13282 |
|---|
| Aug/21 | $10000 | $10000 | $10000 | $10000 |
| Oct/21 | $10183 | $10266 | $10180 | $10323 |
| Oct/22 | $7749 | $8766 | $7832 | $7488 |
| Oct/23 | $9254 | $9655 | $9352 | $9543 |
| Oct/24 | $12333 | $13325 | $12505 | $13282 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | Annualized Since Inception |
|---|
Global X NASDAQ 100® Tail Risk ETF | 33.26% | 6.80% |
| S&P 500 Index (TR)* | 38.02% | 9.43% |
| NASDAQ-100 Quarterly Protective Put 90 Index | 33.71% | 7.27% |
| NASDAQ -100 Index (USD) | 39.19% | 9.32% |
Since its inception on August 25, 2021. The line graph represents historical performance of a hypothetical investment of $10,000 in the Fund since inception. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund shares. Past performance is not indicative of future performance.Call 1-888-493-8631 or visit https://www.globalxetfs.com/funds/qtr/ for current month-end performance.
* As of October 2024, pursuant to new regulatory requirements, the Fund changed its broad-based securities market benchmark from NASDAQ-100® Index to S&P 500 Index (TR) to reflect that S&P 500 Index (TR) is more broadly representative of the overall applicable securities market.
Key Fund Statistics as of October 31, 2024
| Total Net Assets | Number of Portfolio Holdings | Total Advisory Fees Paid | Portfolio Turnover Rate |
|---|
| $2,707,146 | 103 | $5,635 | 5.84% |
What did the Fund invest in?
Asset/Sector WeightingsFootnote Reference*
| Value | Value |
|---|
| Real Estate | 0.2% |
| Financials | 0.5% |
| Energy | 0.6% |
| Purchased Options | 0.7% |
| Utilities | 1.4% |
| Materials | 1.4% |
| Industrials | 4.5% |
| Health Care | 5.9% |
| Consumer Staples | 5.9% |
| Consumer Discretionary | 13.3% |
| Communication Services | 16.2% |
| Information Technology | 49.3% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| Apple | | | 8.8% |
| NVIDIA | | | 8.3% |
| Microsoft | | | 7.7% |
| Broadcom | | | 5.2% |
| Meta Platforms, Cl A | | | 5.0% |
| Amazon.com | | | 5.0% |
| Tesla | | | 3.1% |
| Alphabet, Cl A | | | 2.6% |
| Costco Wholesale | | | 2.6% |
| Alphabet, Cl C | | | 2.5% |
There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request.
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:
Global X NASDAQ 100® Tail Risk ETF: QTR
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-46
Global X NASDAQ 100® Collar 95-110 ETF
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X NASDAQ 100® Collar 95-110 ETF (the "Fund") for the period from November 1, 2023 to October 31, 2024. You can find additional information about the Fund at https://www.globalxetfs.com/funds/qclr/. You can also request this information by contacting us at 1-888-493-8631.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
Global X NASDAQ 100® Collar 95-110 ETF | $29 | 0.25% |
How did the Fund perform in the last year?
The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Nasdaq 100® Quarterly Collar 95-110 Index (“Secondary Index”). The Fund is passively managed and the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Secondary Index.
The Secondary Index measures the performance of a risk management strategy that holds the underlying stocks of the NASDAQ 100® Index ("Reference Index") and applies an options collar strategy with a mix of short (sold) call options and long (purchased) put options on the Reference Index. The Secondary Index specifically reflects the performance of the component securities of the Reference Index, combined with a long position in 5% out-of-the-money (“OTM”) put options and a short position in 10% OTM call options, each corresponding to the value of the portfolio of stocks in the Reference Index.
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 28.90%, while the Secondary Index increased 31.29%. The Fund had a net asset value of $23.47 per share on October 31, 2023, and ended the reporting period with a net asset value of $30.06 per share on October 31, 2024.
During the reporting period, the highest returns came from NVIDIA Corporation and Constellation Energy Corporation, which returned 225.65% and 134.68% respectively. The worst performers were Super Micro Computer, Inc. and Walgreens Boots Alliance, Inc., which returned -63.47% and -45.16%, respectively.
The Fund recorded positive returns during the reporting period, driven by key factors impacting the Reference Index, as well as the Fund's options collar strategy. The continued growth of artificial intelligence and the resilience of consumer spending, particularly in e-commerce, significantly boosted the performance of major technology companies, which are well represented in the Reference Index. Although the Fund benefited from these market conditions, the Fund's options collar strategy capped some potential upside participation. During the reporting period, by sector, the Fund had the highest exposure to Information Technology at 49.94% and Communication Services at 15.49%.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X NASDAQ 100® Collar 95-110 ETF - $12216 | S&P 500 Index (TR)* - $13325 | NASDAQ-100 Quarterly Collar 95-110 Index - $12571 | NASDAQ -100 Index (USD) - $13282 |
|---|
| Aug/21 | $10000 | $10000 | $10000 | $10000 |
| Oct/21 | $10202 | $10266 | $10187 | $10323 |
| Oct/22 | $8856 | $8766 | $8960 | $7488 |
| Oct/23 | $9476 | $9655 | $9575 | $9543 |
| Oct/24 | $12216 | $13325 | $12571 | $13282 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | Annualized Since Inception |
|---|
Global X NASDAQ 100® Collar 95-110 ETF | 28.90% | 6.48% |
| S&P 500 Index (TR)* | 38.02% | 9.43% |
| NASDAQ-100 Quarterly Collar 95-110 Index | 31.29% | 7.44% |
| NASDAQ -100 Index (USD) | 39.19% | 9.32% |
Since its inception on August 25, 2021. The line graph represents historical performance of a hypothetical investment of $10,000 in the Fund since inception. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund shares. Past performance is not indicative of future performance.Call 1-888-493-8631 or visit https://www.globalxetfs.com/funds/qclr/ for current month-end performance.
* As of October 2024, pursuant to new regulatory requirements, the Fund changed its broad-based securities market benchmark from NASDAQ-100® Index to S&P 500 Index (TR) to reflect that S&P 500 Index (TR) is more broadly representative of the overall applicable securities market.
Key Fund Statistics as of October 31, 2024
| Total Net Assets | Number of Portfolio Holdings | Total Advisory Fees Paid | Portfolio Turnover Rate |
|---|
| $1,803,518 | 103 | $5,223 | 9.99% |
What did the Fund invest in?
Asset/Sector WeightingsFootnote Reference*
| Value | Value |
|---|
| Written Option | -0.4% |
| Real Estate | 0.2% |
| Financials | 0.5% |
| Energy | 0.6% |
| Purchased Option | 1.0% |
| Utilities | 1.4% |
| Materials | 1.4% |
| Industrials | 4.5% |
| Health Care | 5.9% |
| Consumer Staples | 5.9% |
| Consumer Discretionary | 13.3% |
| Communication Services | 16.3% |
| Information Technology | 49.3% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| Apple | | | 8.8% |
| NVIDIA | | | 8.3% |
| Microsoft | | | 7.7% |
| Broadcom | | | 5.2% |
| Meta Platforms, Cl A | | | 5.0% |
| Amazon.com | | | 5.0% |
| Tesla | | | 3.1% |
| Costco Wholesale | | | 2.6% |
| Alphabet, Cl A | | | 2.6% |
| Alphabet, Cl C | | | 2.5% |
There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request.
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:
Global X NASDAQ 100® Collar 95-110 ETF: QCLR
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-47
Global X S&P 500® Tail Risk ETF
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X S&P 500® Tail Risk ETF (the "Fund") for the period from November 1, 2023 to October 31, 2024. You can find additional information about the Fund at https://www.globalxetfs.com/funds/xtr/. You can also request this information by contacting us at 1-888-493-8631.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
Global X S&P 500® Tail Risk ETF | $29 | 0.25% |
How did the Fund perform in the last year?
The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500® Tail Risk Index (“Secondary Index”). The Fund is passively managed and the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Secondary Index.
The Secondary Index measures the performance of a risk management strategy that holds the underlying stocks of the S&P 500® Index (“Reference Index”) and applies a protective put strategy (i.e. long (purchased) put options) on the Reference Index. The Secondary Index specifically reflects the performance of the component securities of the Reference Index, combined with a long position in 10% out-of-the-money (“OTM”) put options that correspond to the value of the portfolio of stocks in the Reference Index.
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 34.36%, while the Secondary Index increased 34.67%. The Fund had a net asset value of $24.23 per share on October 31, 2023 and ended the reporting period with a net asset value of $32.15 per share on October 31, 2024.
During the reporting period, the highest returns came from NVIDIA Corporation and Royal Caribbean Group, which returned 225.65% and 144.10% respectively. The worst performers were Super Micro Computer, Inc. and Walgreens Boots Alliance, Inc., which returned -72.76% and -51.75%, respectively.
The Fund recorded positive returns during the reporting period. The strong performance of large-capitalization technology companies within the Reference Index bolstered the broader market growth which could be seen across a variety of sectors. Additionally, the U.S. economy remained resilient, with steady job growth, rising consumer spending, and controlled inflation, creating a favorable environment for many of the Fund's holdings. While there was no single quarterly drawdown in excess of 10% during the reporting period, the Fund’s 10% OTM put option long positions mitigated volatility. During the reporting period, by sector, the Fund had the highest exposure to Information Technology at 30.29% and Financials at 12.92%.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X S&P 500® Tail Risk ETF - $12369 | S&P 500 Index (TR) - $13325 | Cboe S&P 500 Tail Risk Index - $12571 |
|---|
| Aug/21 | $10000 | $10000 | $10000 |
| Oct/21 | $10143 | $10266 | $10159 |
| Oct/22 | $8725 | $8766 | $8801 |
| Oct/23 | $9205 | $9655 | $9334 |
| Oct/24 | $12369 | $13325 | $12571 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | Annualized Since Inception |
|---|
Global X S&P 500® Tail Risk ETF | 34.36% | 6.90% |
| S&P 500 Index (TR) | 38.02% | 9.43% |
| Cboe S&P 500 Tail Risk Index | 34.67% | 7.44% |
Since its inception on August 25, 2021. The line graph represents historical performance of a hypothetical investment of $10,000 in the Fund since inception. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund shares. Past performance is not indicative of future performance.Call 1-888-493-8631 or visit https://www.globalxetfs.com/funds/xtr/ for current month-end performance.
Key Fund Statistics as of October 31, 2024
| Total Net Assets | Number of Portfolio Holdings | Total Advisory Fees Paid | Portfolio Turnover Rate |
|---|
| $2,571,683 | 504 | $6,893 | 3.45% |
What did the Fund invest in?
Asset/Sector WeightingsFootnote Reference*
| Value | Value |
|---|
| Purchased Options | 0.6% |
| Materials | 2.2% |
| Real Estate | 2.2% |
| Utilities | 2.5% |
| Energy | 3.4% |
| Consumer Staples | 5.7% |
| Industrials | 8.4% |
| Communication Services | 9.0% |
| Consumer Discretionary | 10.0% |
| Health Care | 11.1% |
| Financials | 13.3% |
| Information Technology | 31.5% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| Apple | | | 7.1% |
| NVIDIA | | | 6.7% |
| Microsoft | | | 6.2% |
| Amazon.com | | | 3.6% |
| Meta Platforms, Cl A | | | 2.6% |
| Alphabet, Cl A | | | 2.1% |
| Alphabet, Cl C | | | 1.7% |
| Berkshire Hathaway, Cl B | | | 1.7% |
| Broadcom | | | 1.6% |
| Tesla | | | 1.4% |
There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request.
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:
Global X S&P 500® Tail Risk ETF: XTR
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-48
Global X S&P 500® Collar 95-110 ETF
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X S&P 500® Collar 95-110 ETF (the "Fund") for the period from November 1, 2023 to October 31, 2024. You can find additional information about the Fund at https://www.globalxetfs.com/funds/xclr/. You can also request this information by contacting us at 1-888-493-8631.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
Global X S&P 500® Collar 95-110 ETF | $29 | 0.25% |
How did the Fund perform in the last year?
The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500® 3-Month Collar 95-110 Index (“Secondary Index”).
The Secondary Index measures the performance of a risk management strategy that holds the underlying stocks of the S&P 500® Index (“Reference Index”) and applies an options collar strategy with a mix of short (sold) call options and long (purchased) put options on the Reference Index. The Secondary Index specifically reflects the performance of the component securities of the Reference Index, combined with a long position in 5% out-of-the-money (“OTM”) put options and a short position in 10% OTM call options, each corresponding to the value of the portfolio of stocks in the Reference Index.
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 31.11%, while the Secondary Index increased 31.44%. The Fund had a net asset value of $24.68 per share on October 31, 2023, and ended the reporting period with a net asset value of $31.96 per share on October 31, 2024.
During the reporting period, the highest returns came from NVIDIA Corporation and Royal Caribbean Group, which returned 225.65% and 144.10% respectively. The worst performers were Super Micro Computer, Inc. and Walgreens Boots Alliance, Inc., which returned -72.76% and -51.75%, respectively.
During the reporting period, the Fund recorded positive performance. The Reference Index had positive performance partly due to easing inflationary pressures and cuts to interest rates. The U.S. Federal Reserve's pause on interest rate hikes followed by the subsequent decision to cut interest rates in September 2024 reduced pressure on companies across a variety of sectors, specifically those that are capital intensive. The Fund's collar strategy effectively limited downside risk during market volatility, while still allowing investors to benefit from some upside potential during the reporting period. During the reporting period, by sector, the Fund had the highest exposure to Information Technology at 30.19% and Financials at 12.85%.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X S&P 500® Collar 95-110 ETF - $12269 | S&P 500 Index (TR) - $13325 | Cboe S&P 500 3-Month Collar 95-110 Index - $12427 |
|---|
| Aug/21 | $10000 | $10000 | $10000 |
| Oct/21 | $10106 | $10266 | $10112 |
| Oct/22 | $9157 | $8766 | $9198 |
| Oct/23 | $9358 | $9655 | $9454 |
| Oct/24 | $12269 | $13325 | $12427 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | Annualized Since Inception |
|---|
Global X S&P 500® Collar 95-110 ETF | 31.11% | 6.63% |
| S&P 500 Index (TR) | 38.02% | 9.43% |
| Cboe S&P 500 3-Month Collar 95-110 Index | 31.44% | 7.06% |
Since its inception on August 25, 2021. The line graph represents historical performance of a hypothetical investment of $10,000 in the Fund since inception. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund shares. Past performance is not indicative of future performance.Call 1-888-493-8631 or visit https://www.globalxetfs.com/funds/xclr/ for current month-end performance.
Key Fund Statistics as of October 31, 2024
| Total Net Assets | Number of Portfolio Holdings | Total Advisory Fees Paid | Portfolio Turnover Rate |
|---|
| $1,917,885 | 506 | $5,874 | 3.46% |
What did the Fund invest in?
Asset/Sector WeightingsFootnote Reference*
| Value | Value |
|---|
| Written Options | -0.1% |
| Purchased Options | 1.1% |
| Materials | 2.2% |
| Real Estate | 2.2% |
| Utilities | 2.5% |
| Energy | 3.3% |
| Consumer Staples | 5.7% |
| Industrials | 8.3% |
| Communication Services | 8.9% |
| Consumer Discretionary | 9.7% |
| Health Care | 11.1% |
| Financials | 13.0% |
| Information Technology | 32.0% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| Apple | | | 7.0% |
| NVIDIA | | | 6.7% |
| Microsoft | | | 6.2% |
| Amazon.com | | | 3.6% |
| Meta Platforms, Cl A | | | 2.5% |
| Alphabet, Cl A | | | 2.1% |
| Berkshire Hathaway, Cl B | | | 1.7% |
| Alphabet, Cl C | | | 1.7% |
| Broadcom | | | 1.6% |
| Tesla | | | 1.4% |
There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request.
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:
Global X S&P 500® Collar 95-110 ETF: XCLR
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-49
Global X Disruptive Materials ETF
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X Disruptive Materials ETF (the "Fund") for the period from November 1, 2023 to October 31, 2024. You can find additional information about the Fund at https://www.globalxetfs.com/funds/dmat/. You can also request this information by contacting us at 1-888-493-8631.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Global X Disruptive Materials ETF | $63 | 0.59% |
How did the Fund perform in the last year?
The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Disruptive Materials Index (“Secondary Index”).
The Secondary Index is designed to provide exposure to “Disruptive Materials Companies,” as defined by Solactive AG, the provider of the Secondary Index (the “Index Provider”). Disruptive Materials Companies are companies that produce metals and other raw or composite materials that have been identified as being essential to disruptive technologies such as lithium batteries, solar panels, wind turbines, fuel cells, robotics, and 3D printers.
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 14.61%, while the Secondary Index increased 15.35%. The Fund had a net asset value of $14.23 per share on October 31, 2023, and ended the reporting period with a net asset value of $16.12 per share on October 31, 2024.
During the reporting period, the highest returns came from Hudbay Minerals Inc and Southern Copper Corporation, which returned 106.05% and 61.75% respectively. The worst performers were South Manganese Investment Limited and Syrah Resources Limited, which returned -65.04% and -52.42%, respectively.
During the reporting period the Fund recorded positive performance, driven by several factors. The growing global focus on clean energy and electric vehicles led to increased demand for key materials like lithium, cobalt, and rare earth elements, which are essential components in batteries and motors. Supply chain disruptions and geopolitical tensions highlighted the strategic importance of securing reliable sources of critical materials, and led to increased government support and investments in domestic mining and refining capabilities, further boosting investor sentiment for the mining industry. The Fund's gains, however, were partially offset by weakness in certain materials, such as lithium, nickel, and manganese. These materials faced oversupply conditions amid dampened demand from traditional end-markets, such as construction and steel production, or less traditional end-markets, such as the electric vehicle industry. Overall, the Fund's positive performance reflected the strong fundamentals and growth prospects of the Disruptive Materials sector. During the reporting period, by country, the Fund had the highest exposure to China at 30.30% and South Africa at 13.86%.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X Disruptive Materials ETF - $7065 | MSCI ACWI Index (Net) (USD) - $12346 | Solactive Disruptive Materials Index - $7162 |
|---|
| Jan/22 | $10000 | $10000 | $10000 |
| Oct/22 | $7702 | $8414 | $7728 |
| Oct/23 | $6165 | $9297 | $6209 |
| Oct/24 | $7065 | $12346 | $7162 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | Annualized Since Inception |
|---|
| Global X Disruptive Materials ETF | 14.61% | -11.79% |
| MSCI ACWI Index (Net) (USD) | 32.79% | 7.91% |
| Solactive Disruptive Materials Index | 15.35% | -11.35% |
Since its inception on January 24, 2022. The line graph represents historical performance of a hypothetical investment of $10,000 in the Fund since inception. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund shares. Past performance is not indicative of future performance.Call 1-888-493-8631 or visit https://www.globalxetfs.com/funds/dmat/ for current month-end performance.
Key Fund Statistics as of October 31, 2024
| Total Net Assets | Number of Portfolio Holdings | Total Advisory Fees Paid | Portfolio Turnover Rate |
|---|
| $5,964,635 | 50 | $36,415 | 22.42% |
What did the Fund invest in?
Country WeightingsFootnote Reference*
| Value | Value |
|---|
| Other Countries | 0.2% |
| France | 0.7% |
| Indonesia | 0.7% |
| Canada | 2.9% |
| Zambia | 3.4% |
| Sweden | 3.6% |
| Mexico | 3.7% |
| Japan | 4.9% |
| Chile | 6.8% |
| Australia | 7.9% |
| South Africa | 14.1% |
| United States | 16.3% |
| China | 34.7% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| Eve Energy, Cl A | | | 5.1% |
| China Northern Rare Earth Group High-Tech, Cl A | | | 4.3% |
| Impala Platinum Holdings | | | 4.1% |
| Arcadium Lithium, CDI | | | 3.8% |
| Anglo American PLC | | | 3.8% |
| Albemarle | | | 3.7% |
| Southern Copper | | | 3.7% |
| Sumitomo Metal Mining | | | 3.7% |
| Boliden | | | 3.6% |
| Lundin Mining, | | | 3.6% |
There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request.
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:
Global X Disruptive Materials ETF: DMAT
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-50
Global X Russell 2000 ETF
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X Russell 2000 ETF (the "Fund") for the period from June 4, 2024 (commencement of operations) to October 31, 2024. You can find additional information about the Fund at https://www.globalxetfs.com/funds/rssl/. You can also request this information by contacting us at 1-888-493-8631.
What were the Fund costs for the period?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investmentFootnote Reference* | Costs paid as an annualized percentage of a $10,000 investment |
|---|
| Global X Russell 2000 ETF | $3 | 0.08% |
| Footnote | Description |
Footnote* | Costs shown not annualized. If the Fund had been open for the full fiscal year, costs shown would have been higher for the period ended. |
How did the Fund perform in the period?
The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Russell 2000 RIC Capped Index ("Secondary Index"). The Fund is passively managed and generally seeks to fully replicate the Secondary Index.
The Secondary Index is designed to provide exposure to the small-capitalization sector of the U.S. equity market, as defined by FTSE Russell, the provider of the Secondary Index. The Secondary Index uses market capitalization to weight securities in the Russell 2000 Index while limiting concentration in any single security to help users meet Regulated Investment Company (“RIC”) concentration requirements for U.S. registered funds. Constituents are capped quarterly to limit over concentration in any single security.
Since June 4, 2024 (“reporting period”), the Fund increased by 8.53%, while the Secondary Index increased by 8.58%. The Fund had a net asset value of $79.35 per share on June 4, 2024, and ended the reporting period with a net asset value of $85.77 per share on October 31, 2024.
During the reporting period, the highest returns came from Lumen Technologies, Inc. and CommScope Holding Co., Inc., which returned 407.14% and 339.87% respectively. The worst performers were SunPower Corporation and Conduit Pharmaceuticals Inc., which returned -99.51% and -91.42%, respectively.
During the reporting period the Fund recorded positive returns, driven by several key factors. The U.S. Federal Reserve's rate cuts and overall dovish stance in September 2024 eased pressures on small-capitalization companies. This increasingly supportive business environment encouraged some businesses to access more capital and expand operations. Additionally, optimism towards a “soft-landing” economic scenario has provided a conducive environment for growth, particularly for small-capitalization companies as they are more sensitive to economic fluctuations. Other macroeconomic factors such as lowering inflation, low unemployment, and robust consumer spending have contributed to positive performance in the broader market during the reporting period as well. These factors combined to contribute to the Fund’s positive performance during the reporting period.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X Russell 2000 ETF - $10853 | S&P 500 Index (TR) - $10839 | Russell 2000 RIC Capped Index (TR) (USD) - $10858 |
|---|
| Jun/24 | $10000 | $10000 | $10000 |
| Jun/24 | $10082 | $10330 | $10082 |
| Jul/24 | $11101 | $10456 | $11107 |
| Aug/24 | $10936 | $10709 | $10941 |
| Sep/24 | $11013 | $10938 | $11017 |
| Oct/24 | $10853 | $10839 | $10858 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | Cumulative Since Inception |
|---|
| Global X Russell 2000 ETF | 8.53% |
| S&P 500 Index (TR) | 8.39% |
| Russell 2000 RIC Capped Index (TR) (USD) | 8.58% |
Since its inception on June 4, 2024. The line graph represents historical performance of a hypothetical investment of $10,000 in the Fund since inception. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund shares. Past performance is not indicative of future performance.Call 1-888-493-8631 or visit https://www.globalxetfs.com/funds/rssl/ for current month-end performance.
Key Fund Statistics as of October 31, 2024
| Total Net Assets | Number of Portfolio Holdings | Total Advisory Fees Paid | Portfolio Turnover Rate |
|---|
| $1,434,940,108 | 1,972 | $427,607 | 7.75% |
What did the Fund invest in?
Asset/Sector WeightingsFootnote Reference*
| Value | Value |
|---|
| Future | 0.0% |
| Repurchase Agreement | 0.7% |
| Short-Term Investment | 1.0% |
| Consumer Staples | 2.6% |
| Communication Services | 2.7% |
| Utilities | 2.8% |
| Materials | 4.5% |
| Energy | 5.2% |
| Real Estate | 6.4% |
| Consumer Discretionary | 9.7% |
| Information Technology | 11.9% |
| Health Care | 17.3% |
| Industrials | 17.7% |
| Financials | 18.9% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net AssetsFootnote Reference(A) |
|---|
| RBC Capital Markets | | | 0.7% |
| FTAI Aviation | | | 0.5% |
| Sprouts Farmers Market | | | 0.5% |
| Vaxcyte | | | 0.5% |
| Insmed | | | 0.4% |
| Mueller Industries | | | 0.3% |
| Fluor | | | 0.3% |
| Applied Industrial Technologies | | | 0.3% |
| Fabrinet | | | 0.3% |
| Ensign Group | | | 0.3% |
| Footnote | Description |
Footnote(A) | Short-Term Investments are not shown in the top ten chart. |
There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request.
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:
Global X Russell 2000 ETF: RSSL
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-51
(b) Not applicable.
The registrant has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, controller or principal accounting officer, and any person who performs a similar function.
| Item 3. | Audit Committee Financial Expert. |
(a)(1) The registrant’s board of directors has determined that the registrant has at least one audit committee financial expert serving on the audit committee.
(a)(2) The audit committee financial experts are Charles A. Baker and Toai Chin and each is independent as defined in Form N-CSR Item 3(a)(2).
| Item 4. | Principal Accountant Fees and Services. |
Fees billed by PricewaterhouseCoopers LLP (“PwC”) relate to the registrant.
PWC billed the registrant aggregate fees for services rendered to the registrant for the last two fiscal years as follows:
| | 2024 | 2023 |
| | | All fees and
services to
the Trust
that were
pre-
approved | All fees and
services to
service
affiliates
that were
pre-
approved | All other
fees and
services to
service
affiliates
that did not
require pre-
approval | All fees and
services to
the Trust
that were
pre-
approved | All fees and
services to
service
affiliates
that were
pre-
approved | All other
fees and
services to
service
affiliates
that did not
require pre-
approval |
| (a) | Audit Fees | $1,727,672 | $0 | $0 | $1,235,693 | $0 | $0 |
| (b) | Audit-Related Fees | $0 | $0 | $0 | $0 | $0 | $0 |
| (c) | Tax Fees(1) | $487,204 | $0 | $0 | $392,972 | $0 | $0 |
| (d) | All Other Fees | $0 | $0 | $0 | $0 | $0 | $0 |
Notes:
| (1) | Tax Compliance and excise distribution services. |
(e)(1) Not applicable.
(e)(2) Percentage of fees billed applicable to non-audit services pursuant to waiver of pre-approval requirement were as follows (PwC):
| | 2024 | 2023 |
| Audit-Related Fees | 0% | 0% |
| Tax Fees | 0% | 0% |
| All Other Fees | 0% | 0% |
(f) Not applicable.
(g) The aggregate non-audit fees and services billed by PwC for the last two fiscal years were $487,204 and $392,972, respectively.
(h) During the past fiscal year, all non-audit services provided by registrant’s principal accountant to either registrant’s investment adviser or to any entity controlling, controlled by, or under common control with registrant’s investment adviser that provides ongoing services to registrant were pre-approved by the audit committee of registrant’s Board of Trustees. Included in the audit committee’s pre-approval was the review and consideration as to whether the provision of these non-audit services is compatible with maintaining the principal accountant’s independence.
(i) Not applicable.
(j) Not applicable.
| Item 5. | Audit Committee of Listed Registrants. |
The registrant has a separately-designated standing Audit Committee, which is composed of the registrant’s Independent Trustees, Charles A. Baker, Toai Chin and Clifford J. Weber.
(a) The Schedules of Investments and Consolidated Schedules of Investments are included as part of the financial statements and financial highlights filed under Item 7 of this form.
(b) Not applicable.
| Item 7. | Financial Statements and Financial Highlights for Open-End Management Investment Companies. |
Financial statements and financial highlights are filed herein.
Global X Lithium & Battery Tech ETF (ticker: LIT)
Global X SuperDividend® ETF (ticker: SDIV)
Global X Social Media ETF (ticker: SOCL)
Global X Guru® Index ETF (ticker: GURU)
Global X SuperIncome™ Preferred ETF (ticker: SPFF)
Global X SuperDividend® U.S. ETF (ticker: DIV)
Global X MSCI SuperDividend® Emerging Markets ETF (ticker: SDEM)
Global X SuperDividend® REIT ETF (ticker: SRET)
Global X Renewable Energy Producers ETF (ticker: RNRG)
Global X S&P 500® Catholic Values ETF (ticker: CATH)
Global X MSCI SuperDividend® EAFE ETF (ticker: EFAS)
Global X E-commerce ETF (ticker: EBIZ)
Global X S&P Catholic Values Developed ex-U.S. ETF (ticker: CEFA)
Global X NASDAQ 100® Tail Risk ETF (ticker: QTR)
Global X NASDAQ 100® Collar 95-110 ETF (ticker: QCLR)
Global X S&P 500® Tail Risk ETF (ticker: XTR)
Global X S&P 500® Collar 95-110 ETF (ticker: XCLR)
Global X Disruptive Materials ETF (ticker: DMAT)
Global X Russell 2000 ETF (ticker: RSSL)
Annual Financials and Other Information
October 31, 2024
Table of Contents
Shares are bought and sold at market price (not net asset value (“NAV”)) and are not individually redeemed from the Fund. Shares may only be redeemed directly from the Fund by Authorized Participants, in very large creation/redemption units. Brokerage commissions will reduce returns.
The Fund files its complete schedule of Fund holdings with the Securities and Exchange Commission (the “SEC” or “Commission”) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The Fund’s Form N-PORT is available on the Commission’s website at https://www.globalxetfs.com/explore/, and may be reviewed and copied at the Commission’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.
A description of the policies and procedures that Global X Funds uses to determine how to vote proxies relating to Fund securities, as well as information relating to how the Fund voted proxies relating to Fund securities during the most recent 12-month period ended June 30, is available (i) without charge, upon request, by calling 1-888-493-8631; and (ii) on the Commission’s website at https://www.globalxetfs.com/explore/.
| Schedule of Investments | October 31, 2024 |
| Global X Lithium & Battery Tech ETF |
| | | Shares | | | Value | |
| COMMON STOCK — 100.0% | | | | | | | | |
| ARGENTINA — 4.4% | | | | | | | | |
| Materials — 4.4% | | | | | | | | |
| Arcadium Lithium, CDI * (A) | | | 10,402,284 | | | $ | 56,068,311 | |
| | | | | | | | | |
| AUSTRALIA — 10.6% | | | | | | | | |
| Materials — 10.6% | | | | | | | | |
| IGO | | | 6,773,466 | | | | 23,292,219 | |
| ioneer * | | | 18,542,623 | | | | 3,522,166 | |
| Latin Resources * (A) | | | 23,134,916 | | | | 2,954,902 | |
| Liontown Resources * (A) | | | 14,410,074 | | | | 7,786,831 | |
| Mineral Resources | | | 1,689,329 | | | | 43,596,444 | |
| Pilbara Minerals * (A) | | | 26,032,433 | | | | 48,595,966 | |
| Sayona Mining * (A) | | | 90,803,426 | | | | 2,022,189 | |
| Vulcan Energy Resources * | | | 1,099,307 | | | | 3,715,432 | |
| | | | | | | | | |
| TOTAL AUSTRALIA | | | | | | | 135,486,149 | |
| BRAZIL — 0.6% | | | | | | | | |
| Materials — 0.6% | | | | | | | | |
| Sigma Lithium * (A) | | | 517,863 | | | | 7,032,580 | |
| | | | | | | | | |
| CANADA — 1.5% | | | | | | | | |
| Materials — 1.5% | | | | | | | | |
| Lithium Americas * (A) | | | 1,864,184 | | | | 7,569,340 | |
| Lithium Americas Argentina * (A) | | | 1,355,583 | | | | 4,706,784 | |
| Patriot Battery Metals * (A) | | | 1,281,650 | | | | 3,208,837 | |
| Standard Lithium * (A) | | | 1,690,075 | | | | 4,073,785 | |
| | | | | | | | | |
| TOTAL CANADA | | | | | | | 19,558,746 | |
| CHILE — 4.3% | | | | | | | | |
| Materials — 4.3% | | | | | | | | |
| Sociedad Quimica y Minera de Chile ADR | | | 1,431,565 | | | | 54,957,780 | |
| | | | | | | | | |
| CHINA — 39.2% | | | | | | | | |
| Consumer Discretionary — 4.0% | | | | | | | | |
| BYD, Cl H | | | 1,420,874 | | | | 51,429,556 | |
| | | | | | | | | |
| Industrials — 15.0% | | | | | | | | |
| Contemporary Amperex Technology, Cl A | | | 1,524,309 | | | | 52,603,454 | |
The accompanying notes are an integral part of the financial statements.
1
| Schedule of Investments | October 31, 2024 |
| Global X Lithium & Battery Tech ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| Eve Energy, Cl A | | | 8,346,488 | | | $ | 56,850,522 | |
| Jiangxi Special Electric Motor, Cl A * | | | 13,441,977 | | | | 15,445,021 | |
| Sunwoda Electronic, Cl A | | | 13,166,991 | | | | 41,785,017 | |
| Wuxi Lead Intelligent Equipment, Cl A | | | 9,591,046 | | | | 25,269,870 | |
| | | | | | | | 191,953,884 | |
| | | | | | | | | |
| Information Technology — 4.2% | | | | | | | | |
| NAURA Technology Group, Cl A | | | 966,641 | | | | 53,211,127 | |
| | | | | | | | | |
| Materials — 16.0% | | | | | | | | |
| Ganfeng Lithium Group, Cl A | | | 10,716,600 | | | | 51,088,346 | |
| Guangzhou Tinci Materials Technology, Cl A | | | 11,118,214 | | | | 29,511,930 | |
| Shanghai Putailai New Energy Technology, Cl A | | | 9,673,373 | | | | 22,813,247 | |
| Sinomine Resource Group, Cl A | | | 4,994,226 | | | | 23,248,023 | |
| Tianqi Lithium, Cl A | | | 9,988,288 | | | | 50,376,895 | |
| Yunnan Energy New Material, Cl A | | | 5,316,959 | | | | 26,555,517 | |
| | | | | | | | 203,593,958 | |
| TOTAL CHINA | | | | | | | 500,188,525 | |
| FRANCE — 0.4% | | | | | | | | |
| Materials — 0.4% | | | | | | | | |
| Eramet (A) | | | 86,094 | | | | 5,051,927 | |
| | | | | | | | | |
| JAPAN — 7.6% | | | | | | | | |
| Consumer Discretionary — 3.7% | | | | | | | | |
| Panasonic Holdings | | | 5,817,647 | | | | 47,282,107 | |
| | | | | | | | | |
| Information Technology — 3.9% | | | | | | | | |
| TDK | | | 4,064,645 | | | | 49,165,327 | |
| | | | | | | | | |
| TOTAL JAPAN | | | | | | | 96,447,434 | |
| NETHERLANDS — 0.4% | | | | | | | | |
| Materials — 0.4% | | | | | | | | |
| AMG Critical Materials (A) | | | 303,085 | | | | 5,123,203 | |
The accompanying notes are an integral part of the financial statements.
2
| Schedule of Investments | October 31, 2024 |
| Global X Lithium & Battery Tech ETF |
| | | | | | | |
| | | | Shares | | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| SOUTH KOREA — 13.3% | | | | | | | | |
| Industrials — 9.6% | | | | | | | | |
| Ecopro * | | | 406,602 | | | $ | 50,235,972 | |
| L&F * | | | 250,520 | | | | 21,439,429 | |
| LG Energy Solution * | | | 170,428 | | | | 50,325,659 | |
| | | | | | | | 122,001,060 | |
| Information Technology — 3.7% | | | | | | | | |
| Samsung SDI | | | 202,569 | | | | 48,000,046 | |
| | | | | | | | | |
| TOTAL SOUTH KOREA | | | | | | | 170,001,106 | |
| UNITED STATES — 17.7% | | | | | | | | |
| Consumer Discretionary — 5.9% | | | | | | | | |
| Lucid Group * (A) | | | 8,759,235 | | | | 19,357,909 | |
| Tesla * | | | 223,886 | | | | 55,937,917 | |
| | | | | | | | 75,295,826 | |
| | | | | | | | | |
| Industrials — 3.0% | | | | | | | | |
| EnerSys | | | 397,811 | | | | 38,531,974 | |
| | | | | | | | | |
| Materials — 8.8% | | | | | | | | |
| Albemarle (A) | | | 1,179,855 | | | | 111,767,664 | |
| | | | | | | | | |
| TOTAL UNITED STATES | | | | | | | 225,595,464 | |
TOTAL COMMON STOCK
(Cost $1,589,610,324) | | | | | | | 1,275,511,225 | |
| | | | | | | | |
| | | Face Amount | | | | | |
| REPURCHASE AGREEMENTS(B) — 5.6% | | | | | | | | |
Citigroup Global Markets, Inc.
4.860%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $16,669,322 (collateralized by various U.S. Government Obligations, ranging in par value $2,435 - $4,265,019, 2.000% - 7.964%, 02/01/2036 - 08/20/2067, with a total market value of $17,000,417) | | $ | 16,667,072 | | | | 16,667,072 | |
The accompanying notes are an integral part of the financial statements.
3
| Schedule of Investments | October 31, 2024 |
| Global X Lithium & Battery Tech ETF |
| | | Face Amount | | | Value | |
| REPURCHASE AGREEMENTS(B) — continued | | | | | | | | |
Daiwa Capital Markets America, Inc.
4.890%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $16,669,336 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $1,360 - $3,256,649, 0.625% - 7.500%, 05/15/2025 - 11/01/2054, with a total market value of $17,000,413) | | $ | 16,667,072 | | | $ | 16,667,072 | |
HSBC Securities USA, Inc.
4.860%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $16,669,322 (collateralized by various U.S. Government Obligations, ranging in par value $3,333 - $8,640,210, 2.000% - 7.500%, 05/01/2028 - 10/01/2054, with a total market value of $17,000,413) | | | 16,667,072 | | | | 16,667,072 | |
Nomura Securities International, Inc.
4.850%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $16,669,317 (collateralized by various U.S. Government Obligations, ranging in par value $9,078 - $8,409,825, 2.500% - 6.980%, 07/01/2034 - 06/15/2059, with a total market value of $17,000,413) | | | 16,667,072 | | | | 16,667,072 | |
RBC Dominion Securities, Inc.
4.850%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $4,255,998 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $220 - $1,584,175, 0.000% - 7.000%, 04/15/2026 - 09/20/2054, with a total market value of $4,340,533) | | | 4,255,425 | | | | 4,255,425 | |
TOTAL REPURCHASE AGREEMENTS
(Cost $70,923,713) | | | | | | | 70,923,713 | |
TOTAL INVESTMENTS — 105.6%
(Cost $1,660,534,037) | | | | | | $ | 1,346,434,938 | |
Percentages are based on Net Assets of $1,275,152,157.
The accompanying notes are an integral part of the financial statements.
4
| Schedule of Investments | October 31, 2024 |
| Global X Lithium & Battery Tech ETF |
| * | Non-income producing security. |
| (A) | This security or a partial position of this security is on loan at October 31, 2024. The total market value of securities on loan at October 31, 2024 was $114,885,705. |
| (B) | These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2024 was $70,923,713. The total value of non-cash collateral held from securities on loan as of October 31, 2024 was $47,888,271. |
The following is a summary of the level of inputs used as of October 31, 2024, in valuing the Fund’s investments carried at value:
| Investments in Securities | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Common Stock | | $ | 1,275,511,225 | | | $ | — | | | $ | — | | | $ | 1,275,511,225 | |
| Repurchase Agreements | | | — | | | | 70,923,713 | | | | — | | | | 70,923,713 | |
| Total Investments in Securities | | $ | 1,275,511,225 | | | $ | 70,923,713 | | | $ | — | | | $ | 1,346,434,938 | |
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
The accompanying notes are an integral part of the financial statements.
5
| Schedule of Investments | October 31, 2024 |
| Global X SuperDividend® ETF |
| | | Shares | | | Value | |
| COMMON STOCK — 95.8% | | | | | | | | |
| AUSTRALIA — 3.4% | | | | | | | | |
| Energy — 1.6% | | | | | | | | |
| Woodside Energy Group | | | 357,946 | | | $ | 5,575,322 | |
| Yancoal Australia | | | 1,668,335 | | | | 7,124,780 | |
| | | | | | | | 12,700,102 | |
| Industrials — 0.7% | | | | | | | | |
| McMillan Shakespeare | | | 532,677 | | | | 5,097,471 | |
| | | | | | | | | |
| Materials — 1.1% | | | | | | | | |
| IGO | | | 2,568,144 | | | | 8,831,191 | |
| | | | | | | | | |
| TOTAL AUSTRALIA | | | | | | | 26,628,764 | |
| BELGIUM — 0.8% | | | | | | | | |
| Communication Services — 0.8% | | | | | | | | |
| Proximus | | | 876,417 | | | | 6,365,396 | |
| | | | | | | | | |
| BERMUDA — 0.9% | | | | | | | | |
| Energy — 0.9% | | | | | | | | |
| Cool | | | 708,289 | | | | 7,097,056 | |
| | | | | | | | | |
| BRAZIL — 4.1% | | | | | | | | |
| Consumer Discretionary — 1.4% | | | | | | | | |
| Mahle-Metal Leve | | | 1,072,100 | | | | 5,545,009 | |
| Vulcabras | | | 2,061,060 | | | | 5,846,272 | |
| | | | | | | | 11,391,281 | |
| Materials — 2.7% | | | | | | | | |
| Cia Siderurgica Nacional | | | 2,625,600 | | | | 5,338,512 | |
| CSN Mineracao | | | 6,486,100 | | | | 6,958,097 | |
| Vale | | | 846,000 | | | | 9,069,792 | |
| | | | | | | | 21,366,401 | |
| TOTAL BRAZIL | | | | | | | 32,757,682 | |
| CHINA — 7.6% | | | | | | | | |
| Communication Services — 1.1% | | | | | | | | |
| CITIC Telecom International Holdings | | | 31,115,000 | | | | 8,924,991 | |
The accompanying notes are an integral part of the financial statements.
6
| Schedule of Investments | October 31, 2024 |
| Global X SuperDividend® ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Energy — 1.1% | | | | | | | | |
| Yankuang Energy Group, Cl H (A) | | | 6,572,800 | | | $ | 8,555,868 | |
| | | | | | | | | |
| Financials — 1.2% | | | | | | | | |
| Chongqing Rural Commercial Bank, Cl H | | | 17,577,600 | | | | 9,541,247 | |
| | | | | | | | | |
| Materials — 1.8% | | | | | | | | |
| Fufeng Group | | | 13,284,000 | | | | 7,501,127 | |
| Shougang Fushan Resources Group | | | 18,352,930 | | | | 6,633,532 | |
| | | | | | | | 14,134,659 | |
| Real Estate — 2.4% | | | | | | | | |
| C&D International Investment Group (A) | | | 5,311,400 | | | | 10,042,908 | |
| China Overseas Grand Oceans Group | | | 32,616,200 | | | | 8,600,433 | |
| | | | | | | | 18,643,341 | |
| TOTAL CHINA | | | | | | | 59,800,106 | |
| COLOMBIA — 0.7% | | | | | | | | |
| Energy — 0.7% | | | | | | | | |
| Ecopetrol ADR (A) | | | 744,971 | | | | 5,736,277 | |
| | | | | | | | | |
| FRANCE — 2.2% | | | | | | | | |
| Financials — 1.2% | | | | | | | | |
| Coface | | | 580,582 | | | | 9,341,148 | |
| | | | | | | | | |
| Real Estate — 1.0% | | | | | | | | |
| ICADE † | | | 314,455 | | | | 8,206,944 | |
| | | | | | | | | |
| TOTAL FRANCE | | | | | | | 17,548,092 | |
| GREECE — 2.7% | | | | | | | | |
| Consumer Discretionary — 0.9% | | | | | | | | |
| OPAP | | | 407,516 | | | | 6,937,120 | |
| | | | | | | | | |
| Energy — 1.8% | | | | | | | | |
| HELLENiQ ENERGY Holdings | | | 975,765 | | | | 7,309,419 | |
| Okeanis Eco Tankers (A) | | | 260,389 | | | | 6,845,881 | |
| | | | | | | | 14,155,300 | |
| TOTAL GREECE | | | | | | | 21,092,420 | |
The accompanying notes are an integral part of the financial statements.
7
| Schedule of Investments | October 31, 2024 |
| Global X SuperDividend® ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| HONG KONG — 10.0% | | | | | | | | |
| Communication Services — 2.3% | | | | | | | | |
| HKBN | | | 21,365,210 | | | $ | 9,426,151 | |
| PCCW | | | 15,309,500 | | | | 8,408,567 | |
| | | | | | | | 17,834,718 | |
| Consumer Discretionary — 1.8% | | | | | | | | |
| Yue Yuen Industrial Holdings | | | 6,878,000 | | | | 14,473,667 | |
| | | | | | | | | |
| Information Technology — 1.0% | | | | | | | | |
| VTech Holdings | | | 1,095,800 | | | | 8,146,898 | |
| | | | | | | | | |
| Real Estate — 3.6% | | | | | | | | |
| Hang Lung Group | | | 7,509,600 | | | | 9,833,264 | |
| Hang Lung Properties | | | 9,545,200 | | | | 8,029,637 | |
| Hysan Development | | | 6,275,800 | | | | 10,203,503 | |
| | | | | | | | 28,066,404 | |
| Real Estate Investment Trusts — 1.3% | | | | | | | | |
| Kerry Properties | | | 4,798,000 | | | | 10,146,007 | |
| | | | | | | | | |
| TOTAL HONG KONG | | | | | | | 78,667,694 | |
| INDONESIA — 3.4% | | | | | | | | |
| Energy — 3.4% | | | | | | | | |
| Adaro Energy | | | 45,185,500 | | | | 10,421,887 | |
| Bukit Asam | | | 49,284,200 | | | | 9,294,758 | |
| Indo Tambangraya Megah | | | 4,262,800 | | | | 6,810,431 | |
| | | | | | | | | |
| TOTAL INDONESIA | | | | | | | 26,527,076 | |
| ISRAEL — 1.8% | | | | | | | | |
| Energy — 1.8% | | | | | | | | |
| Delek Group | | | 76,936 | | | | 9,086,136 | |
| Oil Refineries | | | 20,683,787 | | | | 5,274,755 | |
| | | | | | | | | |
| TOTAL ISRAEL | | | | | | | 14,360,891 | |
| ITALY — 2.5% | | | | | | | | |
| Communication Services — 1.3% | | | | | | | | |
| MFE-MediaForEurope, Cl A | | | 3,049,924 | | | | 9,979,776 | |
The accompanying notes are an integral part of the financial statements.
8
| Schedule of Investments | October 31, 2024 |
| Global X SuperDividend® ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Real Estate — 1.2% | | | | | | | | |
| Cromwell European Real Estate Investment Trust † | | | 5,339,200 | | | $ | 9,390,305 | |
| | | | | | | | | |
| TOTAL ITALY | | | | | | | 19,370,081 | |
| KUWAIT — 1.9% | | | | | | | | |
| Consumer Discretionary — 0.8% | | | | | | | | |
| Humansoft Holding KSC | | | 764,372 | | | | 6,504,763 | |
| | | | | | | | | |
| Materials — 1.1% | | | | | | | | |
| Boubyan Petrochemicals KSCP | | | 3,831,174 | | | | 8,369,373 | |
| | | | | | | | | |
| TOTAL KUWAIT | | | | | | | 14,874,136 | |
| NETHERLANDS — 1.3% | | | | | | | | |
| Financials — 1.3% | | | | | | | | |
| Van Lanschot Kempen | | | 226,600 | | | | 10,344,617 | |
| | | | | | | | | |
| NORWAY — 4.2% | | | | | | | | |
| Energy — 4.2% | | | | | | | | |
| Avance Gas Holding (A) | | | 731,558 | | | | 6,778,107 | |
| FLEX LNG (A) | | | 298,906 | | | | 7,323,197 | |
| Frontline (A) | | | 344,354 | | | | 6,711,459 | |
| Hafnia | | | 994,627 | | | | 5,770,972 | |
| Var Energi | | | 2,124,385 | | | | 6,654,111 | |
| | | | | | | | | |
| TOTAL NORWAY | | | | | | | 33,237,846 | |
| RUSSIA — 0.0% | | | | | | | | |
| Materials — 0.0% | | | | | | | | |
| Magnitogorsk Iron & Steel Works PJSC (B) | | | 6,332,020 | | | | — | |
| PhosAgro PJSC GDR *(B) | | | 119 | | | | — | |
| Severstal PJSC (B) | | | 312,897 | | | | — | |
| | | | | | | | — | |
| Utilities — 0.0% | | | | | | | | |
| Unipro PJSC *(B) | | | 209,143,887 | | | | — | |
| | | | | | | | | |
| TOTAL RUSSIA | | | | | | | — | |
The accompanying notes are an integral part of the financial statements.
9
| Schedule of Investments | October 31, 2024 |
| Global X SuperDividend® ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| SINGAPORE — 2.1% | | | | | | | | |
| Energy — 0.9% | | | | | | | | |
| BW LPG | | | 590,857 | | | $ | 7,579,622 | |
| | | | | | | | | |
| Utilities — 1.2% | | | | | | | | |
| Kenon Holdings | | | 326,839 | | | | 9,339,755 | |
| | | | | | | | | |
| TOTAL SINGAPORE | | | | | | | 16,919,377 | |
| SOUTH AFRICA — 2.3% | | | | | | | | |
| Real Estate — 2.3% | | | | | | | | |
| Growthpoint Properties † | | | 12,442,215 | | | | 9,183,874 | |
| Redefine Properties † | | | 33,140,042 | | | | 9,165,996 | |
| | | | | | | | | |
| TOTAL SOUTH AFRICA | | | | | | | 18,349,870 | |
| SPAIN — 0.9% | | | | | | | | |
| Utilities — 0.9% | | | | | | | | |
| Enagas | | | 501,321 | | | | 7,086,232 | |
| | | | | | | | | |
| THAILAND — 1.2% | | | | | | | | |
| Real Estate — 1.2% | | | | | | | | |
| Sansiri NVDR | | | 178,864,900 | | | | 9,699,889 | |
| | | | | | | | | |
| UNITED KINGDOM — 7.8% | | | | | | | | |
| Communication Services — 1.1% | | | | | | | | |
| Vodafone Group ADR | | | 939,003 | | | | 8,704,558 | |
| | | | | | | | | |
| Consumer Staples — 1.1% | | | | | | | | |
| British American Tobacco ADR | | | 259,212 | | | | 9,067,236 | |
| | | | | | | | | |
| Energy — 2.1% | | | | | | | | |
| Energean | | | 722,331 | | | | 9,342,328 | |
| Serica Energy | | | 3,744,600 | | | | 6,889,155 | |
| | | | | | | | 16,231,483 | |
| Financials — 3.5% | | | | | | | | |
| Abrdn PLC | | | 4,442,761 | | | | 7,548,159 | |
| Liontrust Asset Management | | | 890,103 | | | | 5,550,127 | |
| M&G PLC | | | 2,487,795 | | | | 6,203,335 | |
The accompanying notes are an integral part of the financial statements.
10
| Schedule of Investments | October 31, 2024 |
| Global X SuperDividend® ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| Phoenix Group Holdings PLC | | | 1,261,710 | | | $ | 7,967,807 | |
| | | | | | | | 27,269,428 | |
| TOTAL UNITED KINGDOM | | | | | | | 61,272,705 | |
| UNITED STATES — 34.0% | | | | | | | | |
| Energy — 4.6% | | | | | | | | |
| Berry | | | 1,317,453 | | | | 6,613,614 | |
| Civitas Resources | | | 116,225 | | | | 5,670,618 | |
| DHT Holdings | | | 698,615 | | | | 7,209,707 | |
| Kinetik Holdings, Cl A | | | 205,124 | | | | 9,983,385 | |
| Nordic American Tankers | | | 1,965,578 | | | | 6,427,440 | |
| | | | | | | | 35,904,764 | |
| Financials — 17.9% | | | | | | | | |
| AGNC Investment † | | | 773,601 | | | | 7,202,225 | |
| Annaly Capital Management † | | | 379,042 | | | | 7,205,588 | |
| Apollo Commercial Real Estate Finance † | | | 690,041 | | | | 6,134,464 | |
| Arbor Realty Trust † | | | 549,553 | | | | 8,100,411 | |
| Blackstone Mortgage Trust, Cl A † | | | 366,395 | | | | 6,672,053 | |
| BrightSpire Capital, Cl A † | | | 1,161,282 | | | | 7,060,595 | |
| Chimera Investment † | | | 561,009 | | | | 8,471,236 | |
| Dynex Capital † | | | 621,680 | | | | 7,590,713 | |
| Ellington Financial † | | | 638,221 | | | | 7,716,092 | |
| Franklin BSP Realty Trust † | | | 579,325 | | | | 7,537,018 | |
| KKR Real Estate Finance Trust † | | | 776,993 | | | | 9,005,349 | |
| MFA Financial † | | | 656,583 | | | | 8,069,405 | |
| New York Mortgage Trust † | | | 1,043,328 | | | | 6,020,003 | |
| PennyMac Mortgage Investment Trust † | | | 560,275 | | | | 7,552,507 | |
| Ready Capital † | | | 857,833 | | | | 5,876,156 | |
| Redwood Trust † | | | 1,266,737 | | | | 9,272,515 | |
| Rithm Capital † | | | 698,184 | | | | 7,393,769 | |
| Starwood Property Trust † | | | 385,674 | | | | 7,613,205 | |
| Two Harbors Investment † | | | 562,261 | | | | 6,466,001 | |
| | | | | | | | 140,959,305 | |
| Materials — 1.2% | | | | | | | | |
| Ardagh Metal Packaging | | | 2,561,569 | | | | 9,426,574 | |
The accompanying notes are an integral part of the financial statements.
11
| Schedule of Investments | October 31, 2024 |
| Global X SuperDividend® ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Real Estate — 9.6% | | | | | | | | |
| Brandywine Realty Trust † | | | 1,804,679 | | | $ | 9,149,723 | |
| Gladstone Commercial † | | | 596,962 | | | | 9,399,167 | |
| Global Medical REIT † | | | 941,453 | | | | 8,557,808 | |
| Global Net Lease † | | | 1,080,593 | | | | 8,417,819 | |
| Medical Properties Trust † | | | 1,763,289 | | | | 8,164,028 | |
| Omega Healthcare Investors † | | | 218,462 | | | | 9,278,081 | |
| Sabra Health Care REIT † | | | 513,770 | | | | 9,967,138 | |
| Service Properties Trust † | | | 1,691,824 | | | | 5,413,837 | |
| Uniti Group † | | | 1,495,792 | | | | 7,583,665 | |
| | | | | | | | 75,931,266 | |
| Utilities — 0.7% | | | | | | | | |
| NextEra Energy Partners (A) | | | 303,227 | | | | 5,867,442 | |
| | | | | | | | | |
| TOTAL UNITED STATES | | | | | | | 268,089,351 | |
TOTAL COMMON STOCK
(Cost $793,525,018) | | | | | | | 755,825,558 | |
| | | | | | | | | |
| PREFERRED STOCK — 1.6% | | | | | | | | |
| BRAZIL—1.6% | | | | | | | | |
| Energy — 0.7% | | | | | | | | |
| Petroleo Brasileiro (C) | | | 935,500 | | | | 5,803,292 | |
| Materials — 0.9% | | | | | | | | |
| Bradespar (C) | | | 2,076,700 | | | | 7,045,802 | |
| TOTAL BRAZIL | | | | | | | 12,849,094 | |
TOTAL PREFERRED STOCK
(Cost $16,002,233) | | | | | | | 12,849,094 | |
| | | | | | | | | |
| MASTER LIMITED PARTNERSHIP — 1.0% | | | | | | | | |
| UNITED STATES— 1.0% | | | | | | | | |
| Energy — 1.0% | | | | | | | | |
| Kimbell Royalty Partners (A) | | | 477,033 | | | | 7,656,380 | |
TOTAL MASTER LIMITED PARTNERSHIP
(Cost $7,240,801) | | | | | | | 7,656,380 | |
The accompanying notes are an integral part of the financial statements.
12
| Schedule of Investments | October 31, 2024 |
| Global X SuperDividend® ETF |
| | | Shares | | | Value | |
| REGISTERED INVESTMENT COMPANY — 0.9% | | | | | | | | |
| SDCL Energy Efficiency Income Trust | | | 9,487,104 | | | $ | 7,013,300 | |
TOTAL REGISTERED INVESTMENT COMPANY
(Cost $8,185,490) | | | | | | | 7,013,300 | |
| | | | | | | | |
| | | Face Amount | | | | | |
| REPURCHASE AGREEMENTS(D) — 2.3% | | | | | | | | |
Citigroup Global Markets, Inc.
4.860%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $4,287,749 (collateralized by various U.S. Government Obligations, ranging in par value $626 - $1,097,065, 2.000% - 7.964%, 02/01/2036 - 08/20/2067, with a total market value of $4,355,606) | | $ | 4,287,170 | | | | 4,287,170 | |
Daiwa Capital Markets America, Inc.
4.890%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $1,094,749 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $89 - $213,878, 0.625% - 7.500%, 05/15/2025 - 11/01/2054, with a total market value of $1,110,819) | | | 1,094,600 | | | | 1,094,600 | |
Deutsche Bank Securities, Inc.
4.850%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $4,287,748 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $1,021,311 - $3,501,662, 2.875% - 4.500%, 05/15/2027 - 05/15/2052, with a total market value of $4,287,065) | | | 4,287,170 | | | | 4,287,170 | |
HSBC Securities USA, Inc.
4.860%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $4,287,749 (collateralized by various U.S. Government Obligations, ranging in par value $857 - $2,222,469, 2.000% - 7.500%, 05/01/2028 - 10/01/2054, with a total market value of $4,357,077) | | | 4,287,170 | | | | 4,287,170 | |
The accompanying notes are an integral part of the financial statements.
13
| Schedule of Investments | October 31, 2024 |
| Global X SuperDividend® ETF |
| | | Face Amount | | | Value | |
| REPURCHASE AGREEMENTS(D) — continued | | | | | | | | |
Nomura Securities International, Inc.
4.850%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $4,287,748 (collateralized by various U.S. Government Obligations, ranging in par value $2,335 - $2,163,208, 2.500% - 6.980%, 07/01/2034 - 06/15/2059, with a total market value of $4,358,023) | | $ | 4,287,170 | | | $ | 4,287,170 | |
TOTAL REPURCHASE AGREEMENTS
(Cost $18,243,280) | | | | | | | 18,243,280 | |
TOTAL INVESTMENTS — 101.6%
(Cost $843,196,822) | | | | | | $ | 801,587,612 | |
Percentages are based on Net Assets of $789,022,363.
A list of the open futures contracts held by the Fund at October 31, 2024, is as follows:
| Type of Contract | | Number of
Contracts | | Expiration
Date | | Notional Amount | | | Value | | | Unrealized
Depreciation | |
| Long Contracts | | | | | | | | | | | | | | | | |
| MSCI EAFE Index | | 18 | | Dec-2024 | | $ | 2,184,527 | | | $ | 2,115,180 | | | $ | (69,347 | ) |
| S&P Mid Cap 400 Index E-MINI | | 13 | | Dec-2024 | | | 4,055,962 | | | | 4,047,680 | | | | (8,282 | ) |
| | | | | | | $ | 6,240,489 | | | $ | 6,162,860 | | | $ | (77,629 | ) |
| * | Non-income producing security. |
| † | Real Estate Investment Trust |
| (A) | This security or a partial position of this security is on loan at October 31, 2024. The total market value of securities on loan at October 31, 2024 was $16,465,130. |
| (B) | Level 3 security in accordance with fair value hierarchy. |
| (C) | There is currently no stated interest rate. |
| (D) | These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2024 was $18,243,280. The total value of non-cash collateral held from securities on loan as of October 31, 2024 was $260,933. |
The accompanying notes are an integral part of the financial statements.
14
| Schedule of Investments | October 31, 2024 |
| Global X SuperDividend® ETF |
The following is a summary of the level of inputs used as of October 31, 2024, in valuing the Fund’s investments and other financial instruments carried at value:
| Investments in Securities | | Level 1 | | | Level 2 | | | Level 3(1) | | | Total | |
| Common Stock | | $ | 746,435,253 | | | $ | 9,390,305 | | | $ | — | ^ | | $ | 755,825,558 | |
| Preferred Stock | | | 12,849,094 | | | | — | | | | — | | | | 12,849,094 | |
| Master Limited Partnership | | | 7,656,380 | | | | — | | | | — | | | | 7,656,380 | |
| Registered Investment Company | | | 7,013,300 | | | | — | | | | — | | | | 7,013,300 | |
| Repurchase Agreements | | | — | | | | 18,243,280 | | | | — | | | | 18,243,280 | |
| Total Investments in Securities | | $ | 773,954,027 | | | $ | 27,633,585 | | | $ | — | | | $ | 801,587,612 | |
| | | | | | | | | | | | | |
| Other Financial Instruments | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Futures Contracts* | | | | | | | | | | | | | | | | |
| Unrealized Depreciation | | $ | (77,629 | ) | | $ | — | | | $ | — | | | $ | (77,629 | ) |
| Total Other Financial Instruments | | $ | (77,629 | ) | | $ | — | | | $ | — | | | $ | (77,629 | ) |
| | |
| * | Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
| ^ | Includes Securities in which the fair value is $0 or has been rounded to $0. |
| (1) | A reconciliation of Level 3 investments and disclosures of significant unobservable inputs are presented when the Fund has a significant amount of Level 3 investments at the end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets. |
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
The accompanying notes are an integral part of the financial statements.
15
| Schedule of Investments | | October 31, 2024 |
| Global X Social Media ETF |
| | | Shares | | | Value | |
| COMMON STOCK — 100.0% | | | | | | |
| CHINA — 34.0% | | | | | | |
| Communication Services — 33.8% | | | | | | | | |
| Baidu ADR * | | | 60,342 | | | $ | 5,505,001 | |
| Bilibili ADR * | | | 147,137 | | | | 3,254,670 | |
| DouYu International Holdings ADR | | | 6,893 | | | | 74,582 | |
| Hello Group ADR | | | 69,337 | | | | 490,212 | |
| HUYA ADR | | | 38,867 | | | | 134,480 | |
| JOYY ADR * | | | 17,240 | | | | 587,022 | |
| Kuaishou Technology, Cl B * | | | 1,363,688 | | | | 8,051,204 | |
| Meitu | | | 1,450,400 | | | | 494,387 | |
| NetEase ADR | | | 69,712 | | | | 5,612,513 | |
| Tencent Holdings | | | 220,627 | | | | 11,482,003 | |
| Tencent Music Entertainment Group ADR | | | 378,559 | | | | 4,213,362 | |
| Weibo ADR | | | 43,136 | | | | 390,381 | |
| | | | | | | | 40,289,817 | |
| Information Technology — 0.2% | | | | | | | | |
| Newborn Town * | | | 349,600 | | | | 169,530 | |
| | | | | | | | | |
| TOTAL CHINA | | | | | | | 40,459,347 | |
| GERMANY — 0.7% | | | | | | | | |
| Communication Services — 0.7% | | | | | | | | |
| United Internet | | | 40,479 | | | | 824,425 | |
| | | | | | | | | |
| JAPAN — 4.7% | | | | | | | | |
| Communication Services — 4.7% | | | | | | | | |
| DeNA | | | 37,289 | | | | 461,691 | |
| giftee * (A) | | | 9,717 | | | | 60,027 | |
| Gree | | | 27,800 | | | | 85,230 | |
| Kakaku.com | | | 62,509 | | | | 967,643 | |
| MIXI | | | 17,291 | | | | 320,450 | |
| Nexon | | | 208,192 | | | | 3,662,238 | |
| | | | | | | | | |
| TOTAL JAPAN | | | | | | | 5,557,279 | |
| SINGAPORE — 0.2% | | | | | | | | |
| Communication Services — 0.2% | | | | | | | | |
| Grindr * | | | 15,135 | | | | 202,506 | |
The accompanying notes are an integral part of the financial statements.
16
| Schedule of Investments | | October 31, 2024 |
| Global X Social Media ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | |
| SOUTH KOREA — 11.4% | | | | | | |
| Communication Services — 11.4% | | | | | | | | |
| Com2uSCorp | | | 4,031 | | | $ | 126,918 | |
| Kakao | | | 153,694 | | | | 4,115,213 | |
| NAVER | | | 73,734 | | | | 9,083,174 | |
| SOOP | | | 3,884 | | | | 270,191 | |
| | | | | | | | | |
| TOTAL SOUTH KOREA | | | | | | | 13,595,496 | |
| TAIWAN — 0.1% | | | | | | | | |
| Consumer Discretionary — 0.1% | | | | | | | | |
| PChome Online * | | | 66,426 | | | | 100,655 | |
| | | | | | | | | |
| UNITED ARAB EMIRATES — 0.1% | | | | | | | | |
| Communication Services — 0.1% | | | | | | | | |
| Yalla Group ADR * | | | 45,863 | | | | 189,873 | |
| | | | | | | | | |
| UNITED KINGDOM — 0.4% | | | | | | | | |
| Communication Services — 0.4% | | | | | | | | |
| Trustpilot Group * | | | 170,587 | | | | 543,899 | |
| | | | | | | | | |
| UNITED STATES — 48.4% | | | | | | | | |
| Communication Services — 45.8% | | | | | | | | |
| Alphabet, Cl A | | | 34,115 | | | | 5,837,418 | |
| Angi, Cl A * | | | 37,217 | | | | 88,576 | |
| Bumble, Cl A * | | | 46,914 | | | | 332,151 | |
| IAC * | | | 38,860 | | | | 1,863,337 | |
| Match Group * | | | 132,391 | | | | 4,770,048 | |
| Meta Platforms, Cl A | | | 20,289 | | | | 11,515,631 | |
| Nextdoor Holdings * | | | 83,684 | | | | 202,515 | |
| Pinterest, Cl A * | | | 307,067 | | | | 9,761,660 | |
| Reddit, Cl A * | | | 38,406 | | | | 4,581,836 | |
| Rumble * (A) | | | 37,364 | | | | 218,206 | |
| Snap, Cl A * | | | 544,722 | | | | 6,623,819 | |
| Spotify Technology * | | | 15,156 | | | | 5,836,575 | |
| Trump Media & Technology Group * (A) | | | 38,762 | | | | 1,369,849 | |
| Vimeo * | | | 73,271 | | | | 349,503 | |
The accompanying notes are an integral part of the financial statements.
17
| Schedule of Investments | | October 31, 2024 |
| Global X Social Media ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | |
| Communication Services — continued | | | | | | | | |
| Yelp, Cl A * | | | 33,448 | | | $ | 1,141,915 | |
| | | | | | | | 54,493,039 | |
| | | | | | | | | |
| Consumer Discretionary — 0.1% | | | | | | | | |
| Groupon, Cl A * (A) | | | 10,512 | | | | 107,853 | |
| | | | | | | | | |
| Industrials — 0.4% | | | | | | | | |
| Fiverr International * (A) | | | 15,295 | | | | 447,531 | |
| | | | | | | | | |
| Information Technology — 2.1% | | | | | | | | |
| Life360, CDI * | | | 103,879 | | | | 1,494,853 | |
| Sprinklr, Cl A * | | | 52,998 | | | | 393,775 | |
| Sprout Social, Cl A * | | | 25,102 | | | | 664,952 | |
| | | | | | | | 2,553,580 | |
| TOTAL UNITED STATES | | | | | | | 57,602,003 | |
TOTAL COMMON STOCK
(Cost $162,314,106) | | | | | | | 119,075,483 | |
| | | | | | | |
| | | Face Amount | | | | |
| REPURCHASE AGREEMENTS(B) — 1.2% | | | | | | | | |
Citigroup Global Markets, Inc.
4.860%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $336,658 (collateralized by various U.S. Government Obligations, ranging in par value $49 - $86,138, 2.000% - 7.964%, 02/01/2036 - 08/20/2067, with a total market value of $343,345) | | $ | 336,613 | | | | 336,613 | |
Daiwa Capital Markets America, Inc.
4.890%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $85,958 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $7 - $16,793, 0.625% - 7.500%, 05/15/2025 - 11/01/2054, with a total market value of $87,665) | | | 85,946 | | | | 85,946 | |
The accompanying notes are an integral part of the financial statements.
18
| Schedule of Investments | | October 31, 2024 |
| Global X Social Media ETF |
| | | Face Amount | | | Value | |
| REPURCHASE AGREEMENTS(B) — continued | | | | | | |
Deutsche Bank Securities, Inc.
4.850%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $336,658 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $80,190 - $274,938, 2.875% - 4.500%, 05/15/2027 - 05/15/2052, with a total market value of $343,345) | | $ | 336,613 | | | $ | 336,613 | |
HSBC Securities USA, Inc.
4.860%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $336,658 (collateralized by various U.S. Government Obligations, ranging in par value $67 - $174,500, 2.000% - 7.500%, 05/01/2028 - 10/01/2054, with a total market value of $343,345) | | | 336,613 | | | | 336,613 | |
Nomura Securities International, Inc.
4.850%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $336,658 (collateralized by various U.S. Government Obligations, ranging in par value $183 - $169,847, 2.500% - 6.980%, 07/01/2034 - 06/15/2059, with a total market value of $343,345) | | | 336,613 | | | | 336,613 | |
TOTAL REPURCHASE AGREEMENTS
(Cost $1,432,398) | | | | | | | 1,432,398 | |
TOTAL INVESTMENTS — 101.2%
(Cost $163,746,504) | | | | | | $ | 120,507,881 | |
Percentages are based on Net Assets of $119,099,636.
| * | Non-income producing security. |
| (A) | This security or a partial position of this security is on loan at October 31, 2024. The total market value of securities on loan at October 31, 2024 was $1,302,509. |
| (B) | These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2024 was $1,432,398. The total value of non-cash collateral held from securities on loan as of October 31, 2024 was $0. |
The accompanying notes are an integral part of the financial statements.
19
| Schedule of Investments | | October 31, 2024 |
| Global X Social Media ETF |
The following is a summary of the level of inputs used as of October 31, 2024, in valuing the Fund’s investments carried at value:
| Investments in Securities | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Common Stock | | $ | 118,974,828 | | | $ | 100,655 | | | $ | — | | | $ | 119,075,483 | |
| Repurchase Agreements | | | — | | | | 1,432,398 | | | | — | | | | 1,432,398 | |
| Total Investments in Securities | | $ | 118,974,828 | | | $ | 1,533,053 | | | $ | — | | | $ | 120,507,881 | |
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
The accompanying notes are an integral part of the financial statements.
20
| Schedule of Investments | | October 31, 2024 |
| Global X Guru® Index ETF |
| | | Shares | | | Value | |
| COMMON STOCK — 99.9% | | | | | | |
| CHINA — 1.8% | | | | | | | | |
| Consumer Discretionary — 1.8% | | | | | | | | |
| Alibaba Group Holding ADR | | | 8,229 | | | $ | 806,277 | |
| | | | | | | | | |
| SOUTH KOREA — 1.6% | | | | | | | | |
| Consumer Discretionary — 1.6% | | | | | | | | |
| Coupang, Cl A * | | | 29,220 | | | | 753,584 | |
| | | | | | | | | |
| TAIWAN — 1.6% | | | | | | | | |
| Information Technology — 1.6% | | | | | | | | |
| Taiwan Semiconductor Manufacturing ADR | | | 3,753 | | | | 715,097 | |
| | | | | | | | | |
| UNITED STATES — 94.9% | | | | | | | | |
| Communication Services — 6.5% | | | | | | | | |
| Alphabet, Cl A | | | 4,047 | | | | 692,482 | |
| Endeavor Group Holdings, Cl A (A) | | | 23,810 | | | | 702,157 | |
| Meta Platforms, Cl A | | | 1,215 | | | | 689,610 | |
| ROBLOX, Cl A * | | | 16,161 | | | | 835,847 | |
| | | | | | | | 2,920,096 | |
| Consumer Discretionary — 13.8% | | | | | | | | |
| Amazon.com * | | | 3,676 | | | | 685,206 | |
| Asbury Automotive Group * | | | 2,822 | | | | 642,964 | |
| Chipotle Mexican Grill, Cl A * | | | 12,128 | | | | 676,379 | |
| Expedia Group * | | | 4,951 | | | | 773,891 | |
| Green Brick Partners * | | | 9,215 | | | | 635,927 | |
| Home Depot | | | 1,813 | | | | 713,869 | |
| Lithia Motors, Cl A | | | 2,232 | | | | 741,850 | |
| Planet Fitness, Cl A * | | | 8,181 | | | | 642,372 | |
| United Parks & Resorts * | | | 13,393 | | | | 704,874 | |
| | | | | | | | 6,217,332 | |
| Consumer Staples — 6.1% | | | | | | | | |
| Albertsons, Cl A | | | 31,976 | | | | 578,766 | |
| Kellanova | | | 8,153 | | | | 657,540 | |
| Maplebear * | | | 20,233 | | | | 892,275 | |
| Post Holdings * | | | 5,759 | | | | 628,940 | |
| | | | | | | | 2,757,521 | |
The accompanying notes are an integral part of the financial statements.
21
| Schedule of Investments | | October 31, 2024 |
| Global X Guru® Index ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | |
| Energy — 5.2% | | | | | | | | |
| Chesapeake Energy | | | 8,936 | | | $ | 757,058 | |
| Hess | | | 4,788 | | | | 643,890 | |
| Texas Pacific Land | | | 788 | | | | 918,808 | |
| | | | | | | | 2,319,756 | |
| Financials — 6.4% | | | | | | | | |
| Fiserv * | | | 3,950 | | | | 781,705 | |
| Janus Henderson Group | | | 18,161 | | | | 750,231 | |
| Mastercard, Cl A | | | 1,393 | | | | 695,929 | |
| S&P Global | | | 1,325 | | | | 636,477 | |
| | | | | | | | 2,864,342 | |
| Health Care — 15.7% | | | | | | | | |
| Amicus Therapeutics * | | | 57,165 | | | | 652,824 | |
| Incyte * | | | 10,612 | | | | 786,561 | |
| Madrigal Pharmaceuticals * | | | 2,677 | | | | 694,253 | |
| MoonLake Immunotherapeutics, Cl A * | | | 13,590 | | | | 630,848 | |
| Nuvalent, Cl A * | | | 9,116 | | | | 806,675 | |
| PTC Therapeutics * | | | 19,810 | | | | 790,815 | |
| Roivant Sciences * | | | 58,039 | | | | 670,351 | |
| Tenet Healthcare * | | | 4,219 | | | | 654,029 | |
| United Therapeutics * | | | 2,026 | | | | 757,663 | |
| UnitedHealth Group | | | 1,129 | | | | 637,321 | |
| | | | | | | | 7,081,340 | |
| Industrials — 10.8% | | | | | | | | |
| Avis Budget Group | | | 7,441 | | | | 617,603 | |
| Carrier Global | | | 9,569 | | | | 695,858 | |
| CSX | | | 19,463 | | | | 654,735 | |
| Delta Air Lines | | | 16,290 | | | | 932,114 | |
| Hertz Global Holdings * | | | 187,585 | | | | 521,486 | |
| Howmet Aerospace | | | 6,848 | | | | 682,883 | |
| Quanta Services | | | 2,437 | | | | 735,072 | |
| | | | | | | | 4,839,751 | |
| Information Technology — 18.1% | | | | | | | | |
| Apple | | | 2,913 | | | | 658,076 | |
| CyberArk Software * | | | 2,369 | | | | 655,076 | |
| Elastic * | | | 6,000 | | | | 481,380 | |
The accompanying notes are an integral part of the financial statements.
22
| Schedule of Investments | | October 31, 2024 |
| Global X Guru® Index ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | |
| Information Technology — continued | | | | | | | | |
| GoDaddy, Cl A * | | | 4,019 | | | $ | 670,369 | |
| Guidewire Software * | | | 4,431 | | | | 825,318 | |
| Marvell Technology | | | 9,441 | | | | 756,319 | |
| Microsoft | | | 1,550 | | | | 629,842 | |
| NVIDIA | | | 5,314 | | | | 705,487 | |
| Oracle | | | 4,768 | | | | 800,261 | |
| Salesforce | | | 2,484 | | | | 723,763 | |
| Seagate Technology Holdings | | | 6,554 | | | | 657,825 | |
| Snowflake, Cl A * | | | 5,138 | | | | 589,945 | |
| | | | | | | | 8,153,661 | |
| Materials — 5.7% | | | | | | | | |
| Ashland | | | 7,685 | | | | 649,920 | |
| Linde PLC | | | 1,432 | | | | 653,207 | |
| Sherwin-Williams | | | 1,836 | | | | 658,702 | |
| United States Steel | | | 15,643 | | | | 607,730 | |
| | | | | | | | 2,569,559 | |
| Real Estate — 3.0% | | | | | | | | |
| ProLogis † | | | 5,233 | | | | 591,015 | |
| Welltower † | | | 5,626 | | | | 758,835 | |
| | | | | | | | 1,349,850 | |
| Utilities — 3.6% | | | | | | | | |
| Constellation Energy | | | 3,429 | | | | 901,690 | |
| PG&E | | | 35,553 | | | | 718,881 | |
| | | | | | | | 1,620,571 | |
| TOTAL UNITED STATES | | | | | | | 42,693,779 | |
TOTAL COMMON STOCK
(Cost $40,153,063) | | | | | | | 44,968,737 | |
| | | | | | | | | |
| SHORT-TERM INVESTMENT(B)(C) — 0.7% | | | | | | | | |
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 4.740%
(Cost $306,653) | | | 306,653 | | | | 306,653 | |
The accompanying notes are an integral part of the financial statements.
23
| Schedule of Investments | | October 31, 2024 |
| Global X Guru® Index ETF |
| | | Face Amount | | | Value | |
| REPURCHASE AGREEMENT(C) — 0.5% | | | | | | | | |
RBC Capital Markets
4.750%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $227,377 (collateralized by a U.S. Treasury Obligation, par value $245,818, 1.250%, 12/31/2026, with a total market value of $233,866) (Cost $227,347) | | $ | 227,347 | | | $ | 227,347 | |
TOTAL INVESTMENTS — 101.1%
(Cost $40,687,063) | | | | | | $ | 45,502,737 | |
Percentages are based on Net Assets of $44,994,898.
| * | Non-income producing security. |
| † | Real Estate Investment Trust |
| (A) | This security or a partial position of this security is on loan at October 31, 2024. The total market value of securities on loan at October 31, 2024 was $524,922. |
| (B) | The rate reported on the Schedule of Investments is the 7-day effective yield as of October 31, 2024. |
| (C) | These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2024 was $534,000. The total value of non-cash collateral held from securities on loan as of October 31, 2024 was $0. |
The following is a summary of the level of inputs used as of October 31, 2024, in valuing the Fund’s investments carried at value:
| Investments in Securities | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Common Stock | | $ | 44,968,737 | | | $ | — | | | $ | — | | | $ | 44,968,737 | |
| Short-Term Investment | | | 306,653 | | | | — | | | | — | | | | 306,653 | |
| Repurchase Agreement | | | — | | | | 227,347 | | | | — | | | | 227,347 | |
| Total Investments in Securities | | $ | 45,275,390 | | | $ | 227,347 | | | $ | — | | | $ | 45,502,737 | |
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
The accompanying notes are an integral part of the financial statements.
24
| Schedule of Investments | October 31, 2024 |
| Global X SuperIncome™ Preferred ETF |
| | | Shares | | | Value | |
| PREFERRED STOCK — 99.7% | | | | | | | | |
| UNITED STATES— 99.7% | | | | | | | | |
| Communication Services — 4.4% | | | | | | | | |
| Telephone and Data Systems, 6.000% | | | 128,060 | | | $ | 2,399,844 | |
| United States Cellular, 5.500% | | | 93,561 | | | | 2,106,994 | |
| United States Cellular, 5.500% (A) | | | 93,562 | | | | 2,105,145 | |
| | | | | | | | 6,611,983 | |
| Consumer Discretionary — 3.6% | | | | | | | | |
| Ford Motor, 6.500% (A) | | | 129,179 | | | | 3,233,350 | |
| Qurate Retail, 8.000% (A) | | | 59,490 | | | | 2,255,861 | |
| | | | | | | | 5,489,211 | |
| Financials — 79.6% | | | | | | | | |
| Affiliated Managers Group, 6.750% | | | 84,192 | | | | 2,162,893 | |
| Allstate, 7.375% | | | 129,173 | | | | 3,516,089 | |
| Apollo Global Management, 7.625%, H15T5Y + 3.226% (B) | | | 100,639 | | | | 2,717,253 | |
| Apollo Global Management, 6.750% | | | 120,138 | | | | 9,174,939 | |
| Athene Holding, 7.750%, H15T5Y + 3.962% (B) | | | 76,068 | | | | 2,037,862 | |
| Athene Holding, 6.350%, US0003M + 4.253% (B) | | | 131,168 | | | | 3,288,382 | |
| Banc of California, 7.750%, H15T5Y + 4.820% (B) | | | 96,027 | | | | 2,323,853 | |
| Bank of America, 7.250% | | | 4,587 | | | | 5,664,945 | |
| Bank of America, 4.750% | | | 40,120 | | | | 878,227 | |
| Bank of America, 4.375% | | | 64,095 | | | | 1,279,977 | |
| Bank of America, 4.250% | | | 76,369 | | | | 1,493,778 | |
| Brighthouse Financial, 5.375% | | | 107,586 | | | | 2,179,692 | |
| Capital One Financial, 4.375% | | | 125,262 | | | | 2,294,800 | |
| Charles Schwab, 4.450% (A) | | | 112,254 | | | | 2,387,643 | |
| Citizens Financial Group, 7.375% | | | 74,844 | | | | 2,028,272 | |
| Enstar Group, 7.000%, US0003M + 4.015% (B) | | | 74,870 | | | | 1,601,469 | |
| F&G Annuities & Life, 7.950% (A) | | | 64,565 | | | | 1,753,585 | |
| Flagstar Financial, 6.375%, US0003M + 3.821% (B) | | | 96,362 | | | | 2,016,857 | |
| Jackson Financial, 8.000%, H15T5Y + 3.728% (B) | | | 102,893 | | | | 2,788,400 | |
| JPMorgan Chase, 4.625% (A) | | | 235,138 | | | | 5,191,847 | |
| JPMorgan Chase, 4.550% (A) | | | 190,498 | | | | 4,118,567 | |
| JPMorgan Chase, 4.200% | | | 254,201 | | | | 5,137,402 | |
| KeyCorp, 6.200%, H15T5Y + 3.132% (A) (B) | | | 112,246 | | | | 2,800,538 | |
| KeyCorp, 6.125%, TSFR3M + 4.154% (A) (B) | | | 93,551 | | | | 2,380,873 | |
| Lincoln National, 9.000% | | | 93,543 | | | | 2,650,073 | |
The accompanying notes are an integral part of the financial statements.
25
| Schedule of Investments | October 31, 2024 |
| Global X SuperIncome™ Preferred ETF |
| | | Shares | | | Value | |
| PREFERRED STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| M&T Bank, 7.500% | | | 160,666 | | | $ | 4,389,395 | |
| Morgan Stanley, 6.500% (A) | | | 166,869 | | | | 4,355,281 | |
| Morgan Stanley, 5.850% (B) | | | 166,838 | | | | 4,199,313 | |
| Morgan Stanley, 4.250% | | | 216,947 | | | | 4,243,483 | |
| Regions Financial, 6.950%, H15T5Y + 2.771% (A) (B) | | | 93,548 | | | | 2,417,280 | |
| Regions Financial, 5.700%, TSFR3M + 3.410% (B) | | | 93,552 | | | | 2,351,897 | |
| Rithm Capital, 7.000%, H15T5Y + 6.223% † (B) | | | 87,009 | | | | 2,103,008 | |
| State Street, 5.350%, TSFR3M + 3.971% (A) (B) | | | 93,553 | | | | 2,328,534 | |
| Synchrony Financial, 8.250%, H15T5Y + 4.044% (A) (B) | | | 93,549 | | | | 2,428,532 | |
| Synovus Financial, 8.397%, H15T5Y + 4.127% (B) | | | 65,498 | | | | 1,732,422 | |
| TPG Operating Group II, 6.950% | | | 74,844 | | | | 1,939,208 | |
| US Bancorp, 4.000% (A) | | | 160,424 | | | | 3,012,763 | |
| Wells Fargo, 7.500% | | | 6,276 | | | | 7,750,107 | |
| Wells Fargo, 4.700% | | | 73,426 | | | | 1,533,869 | |
| Wells Fargo, 4.375% (A) | | | 66,728 | | | | 1,321,882 | |
| | | | | | | | 119,975,190 | |
| Industrials — 1.2% | | | | | | | | |
| Chart Industries, 6.750% | | | 37,658 | | | | 1,858,422 | |
| Materials — 5.7% | | | | | | | | |
| Albemarle, 7.250% | | | 192,237 | | | | 8,602,606 | |
| Utilities — 5.2% | | | | | | | | |
| SCE Trust VII, 7.500% | | | 102,893 | | | | 2,746,214 | |
| SCE Trust VIII, 6.950% | | | 65,497 | | | | 1,735,670 | |
| Southern, 4.200% | | | 160,510 | | | | 3,298,481 | |
| | | | | | | | 7,780,365 | |
| TOTAL UNITED STATES | | | | | | | 150,317,777 | |
TOTAL PREFERRED STOCK
(Cost $147,546,212) | | | | | | | 150,317,777 | |
| | | | | | | | | |
| SHORT-TERM INVESTMENT(C)(D) — 4.3% | | | | | | | | |
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 4.740%
(Cost $6,496,136) | | | 6,496,136 | | | | 6,496,136 | |
The accompanying notes are an integral part of the financial statements.
26
| Schedule of Investments | October 31, 2024 |
| Global X SuperIncome™ Preferred ETF |
| | | Face Amount | | | Value | |
| REPURCHASE AGREEMENT(D) — 3.2% | | | | | | | | |
RBC Capital Markets
4.750%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $4,816,756 (collateralized by a U.S. Treasury Obligation, par value $5,207,407, 1.250%, 12/31/2026, with a total market value of $4,914,490)
(Cost $4,816,121) | | $ | 4,816,121 | | | $ | 4,816,121 | |
TOTAL INVESTMENTS — 107.2%
(Cost $158,858,469) | | | | | | $ | 161,630,034 | |
Percentages are based on Net Assets of $150,709,426.
| † | Real Estate Investment Trust |
| (A) | This security or a partial position of this security is on loan at October 31, 2024. The total market value of securities on loan at October 31, 2024 was $11,072,136. |
| (B) | Variable or floating rate preferred stock. The rate shown is the effective dividend rate as of the period end. For certain securities, the dividend rate is not based on published reference rates and spreads. Instead, it may be determined by the issuer or agent based on current market conditions, calculated using a formula tied to underlying financial metrics, or adjusted periodically based on prevailing interest rates. |
| (C) | The rate reported on the Schedule of Investments is the 7-day effective yield as of October 31, 2024. |
| (D) | These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2024 was $11,312,257. The total value of non-cash collateral held from securities on loan as of October 31, 2024 was $0. |
The following is a summary of the level of inputs used as of October 31, 2024, in valuing the Fund’s investments carried at value:
| Investments in Securities | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Preferred Stock | | $ | 150,317,777 | | | $ | — | | | $ | — | | | $ | 150,317,777 | |
| Short-Term Investment | | | 6,496,136 | | | | — | | | | — | | | | 6,496,136 | |
| Repurchase Agreement | | | — | | | | 4,816,121 | | | | — | | | | 4,816,121 | |
| Total Investments in Securities | | $ | 156,813,913 | | | $ | 4,816,121 | | | $ | — | | | $ | 161,630,034 | |
See “Glossary” for abbreviations.
The accompanying notes are an integral part of the financial statements.
27
| Schedule of Investments | October 31, 2024 |
| Global X SuperDividend® U.S. ETF |
| | | Shares | | | Value | |
| COMMON STOCK — 87.4% | | | | | | | | |
| NORWAY — 2.3% | | | | | | | | |
| Energy — 2.3% | | | | | | | | |
| Frontline (A) | | | 227,628 | | | $ | 4,436,470 | |
| SFL, Cl B | | | 939,755 | | | | 9,970,800 | |
| | | | | | | | | |
| TOTAL NORWAY | | | | | | | 14,407,270 | |
| UNITED STATES — 85.1% | | | | | | | | |
| Communication Services — 6.4% | | | | | | | | |
| AT&T | | | 716,207 | | | | 16,143,306 | |
| Cogent Communications Holdings | | | 158,903 | | | | 12,755,144 | |
| Verizon Communications | | | 298,563 | | | | 12,578,459 | |
| | | | | | | | 41,476,909 | |
| Consumer Discretionary — 2.0% | | | | | | | | |
| Wendy’s | | | 659,463 | | | | 12,602,338 | |
| | | | | | | | | |
| Consumer Staples — 9.0% | | | | | | | | |
| Altria Group | | | 300,931 | | | | 16,388,702 | |
| Kraft Heinz | | | 347,233 | | | | 11,618,416 | |
| Philip Morris International | | | 134,878 | | | | 17,898,311 | |
| Universal | | | 243,073 | | | | 12,377,277 | |
| | | | | | | | 58,282,706 | |
| Energy — 9.3% | | | | | | | | |
| Berry | | | 1,768,946 | | | | 8,880,109 | |
| Chesapeake Energy | | | 153,553 | | | | 13,009,010 | |
| Chord Energy | | | 73,810 | | | | 9,233,631 | |
| Coterra Energy | | | 489,752 | | | | 11,714,868 | |
| Kinder Morgan | | | 710,344 | | | | 17,410,531 | |
| | | | | | | | 60,248,149 | |
| Financials — 6.9% | | | | | | | | |
| TFS Financial | | | 908,373 | | | | 11,672,593 | |
| Virtu Financial, Cl A | | | 725,572 | | | | 22,463,709 | |
| Western Union | | | 944,902 | | | | 10,167,146 | |
| | | | | | | | 44,303,448 | |
| Health Care — 4.1% | | | | | | | | |
| AbbVie | | | 68,104 | | | | 13,884,362 | |
The accompanying notes are an integral part of the financial statements.
28
| Schedule of Investments | October 31, 2024 |
| Global X SuperDividend® U.S. ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| Pfizer | | | 440,045 | | | $ | 12,453,274 | |
| | | | | | | | 26,337,636 | |
| Industrials — 1.9% | | | | | | | | |
| Ennis | | | 595,884 | | | | 12,132,198 | |
| | | | | | | | | |
| Information Technology — 2.1% | | | | | | | | |
| International Business Machines | | | 64,429 | | | | 13,318,763 | |
| | | | | | | | | |
| Materials — 6.3% | | | | | | | | |
| Dow | | | 217,848 | | | | 10,757,334 | |
| International Paper | | | 339,497 | | | | 18,855,663 | |
| LyondellBasell Industries, Cl A | | | 123,704 | | | | 10,743,693 | |
| | | | | | | | 40,356,690 | |
| Real Estate — 19.0% | | | | | | | | |
| Alexander’s † | | | 53,908 | | | | 12,238,733 | |
| CBL & Associates Properties † | | | 517,265 | | | | 13,681,659 | |
| Community Healthcare Trust † | | | 444,081 | | | | 8,330,960 | |
| Easterly Government Properties, Cl A † | | | 1,040,578 | | | | 14,110,238 | |
| Gaming and Leisure Properties † | | | 267,527 | | | | 13,427,180 | |
| LTC Properties † | | | 383,682 | | | | 14,656,652 | |
| National Health Investors † | | | 228,759 | | | | 17,534,377 | |
| Omega Healthcare Investors † | | | 390,687 | | | | 16,592,477 | |
| Universal Health Realty Income Trust † | | | 304,428 | | | | 12,043,172 | |
| | | | | | | | 122,615,448 | |
| Utilities — 18.1% | | | | | | | | |
| Avangrid | | | 382,218 | | | | 13,649,005 | |
| Avista | | | 362,403 | | | | 13,582,864 | |
| Dominion Energy | | | 263,650 | | | | 15,695,085 | |
| Duke Energy | | | 132,283 | | | | 15,248,261 | |
| Northwest Natural Holding | | | 333,075 | | | | 12,953,287 | |
| Northwestern Energy Group | | | 247,586 | | | | 13,235,948 | |
| OGE Energy | | | 366,391 | | | | 14,651,976 | |
The accompanying notes are an integral part of the financial statements.
29
| Schedule of Investments | October 31, 2024 |
| Global X SuperDividend® U.S. ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Utilities — continued | | | | | | | | |
| Spire | | | 281,322 | | | $ | 17,965,223 | |
| | | | | | | | 116,981,649 | |
| TOTAL UNITED STATES | | | | | | | 548,655,934 | |
TOTAL COMMON STOCK
(Cost $523,817,187) | | | | | | | 563,063,204 | |
| | | | | | | | | |
| MASTER LIMITED PARTNERSHIPS — 12.3% | | | | | | | | |
| UNITED STATES— 12.3% | | | | | | | | |
| Energy — 8.6% | | | | | | | | |
| Alliance Resource Partners | | | 275,378 | | | | 7,206,642 | |
| CrossAmerica Partners | | | 553,459 | | | | 11,810,815 | |
| Global Partners | | | 256,735 | | | | 12,020,333 | |
| MPLX | | | 309,750 | | | | 13,759,095 | |
| USA Compression Partners | | | 500,869 | | | | 10,923,953 | |
| | | | | | | | 55,720,838 | |
| Materials — 1.9% | | | | | | | | |
| Westlake Chemical Partners | | | 541,787 | | | | 12,190,207 | |
| Utilities — 1.8% | | | | | | | | |
| Suburban Propane Partners (B) | | | 612,854 | | | | 11,503,270 | |
| TOTAL UNITED STATES | | | | | | | 79,414,315 | |
TOTAL MASTER LIMITED PARTNERSHIPS
(Cost $43,283,515) | | | | | | | 79,414,315 | |
| | | | | | | | | |
| | | Face Amount | | | | | |
| REPURCHASE AGREEMENTS(C) — 0.0% | | | | | | | | |
Daiwa Capital Markets America, Inc.
4.890%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $249,034 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $20 - $48,653, 0.625% - 7.500%, 05/15/2025 - 11/01/2054, with a total market value of $253,980) | | $ | 249,000 | | | | 249,000 | |
The accompanying notes are an integral part of the financial statements.
30
| Schedule of Investments | October 31, 2024 |
| Global X SuperDividend® U.S. ETF |
| | | Face Amount | | Value | |
| REPURCHASE AGREEMENTS(C) — continued | | | | | | | | |
RBC Dominion Securities, Inc.
4.850%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $5,061 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $0 - $1,884, 0.000% - 7.000%, 04/15/2026 - 09/20/2054, with a total market value of $5,161) | | $ | 5,060 | | | $ | 5,060 | |
TOTAL REPURCHASE AGREEMENTS
(Cost $254,060) | | | | | | | 254,060 | |
TOTAL INVESTMENTS — 99.7%
(Cost $567,354,762) | | | | | | $ | 642,731,579 | |
Percentages are based on Net Assets of $644,834,762.
| † | Real Estate Investment Trust |
| (A) | This security or a partial position of this security is on loan at October 31, 2024. The total market value of securities on loan at October 31, 2024 was $241,016. |
| (B) | Affiliated investment. |
| (C) | These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2024 was $254,060. The total value of non-cash collateral held from securities on loan as of October 31, 2024 was $0. |
The following is a summary of the level of inputs used as of October 31, 2024, in valuing the Fund’s investments carried at value:
| Investments in Securities | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Common Stock | | $ | 563,063,204 | | | $ | — | | | $ | — | | | $ | 563,063,204 | |
| Master Limited Partnerships | | | 79,414,315 | | | | — | | | | — | | | | 79,414,315 | |
| Repurchase Agreements | | | — | | | | 254,060 | | | | — | | | | 254,060 | |
| Total Investments in Securities | | $ | 642,477,519 | | | $ | 254,060 | | | $ | — | | | $ | 642,731,579 | |
The accompanying notes are an integral part of the financial statements.
31
| Schedule of Investments | October 31, 2024 |
| Global X SuperDividend® U.S. ETF |
The following is a summary of the Fund’s transactions with affiliates for the year ended October 31, 2024:
| | Value
10/31/2023 | | | Purchases
at Cost | | | Proceeds
from Sales | | | Change in
Unrealized
Appreciation
(Depreciation) | | | Realized Gain
(Loss) | | | Value
10/31/2024 | | | Income | | | Capital Gains | |
| Suburban Propane Partners |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 12,985,219 | | | $ | 1,691,497 | | | $ | (5,003,444 | ) | | $ | 1,162,602 | | | $ | 667,396 | | | $ | 11,503,270 | | | $ | — | | | $ | — | |
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
The accompanying notes are an integral part of the financial statements.
32
| Schedule of Investments | October 31, 2024 |
| Global X MSCI SuperDividend® Emerging Markets ETF |
| | | Shares | | | Value | |
| COMMON STOCK — 93.9% | | | | | | | | |
| BRAZIL — 8.8% | | | | | | | | |
| Communication Services — 1.7% | | | | | | | | |
| TIM | | | 212,200 | | | $ | 607,778 | |
| | | | | | | | | |
| Consumer Discretionary — 1.6% | | | | | | | | |
| Vibra Energia | | | 148,800 | | | | 573,480 | |
| | | | | | | | | |
| Financials — 3.5% | | | | | | | | |
| Banco Bradesco | | | 276,500 | | | | 608,527 | |
| Banco do Brasil | | | 151,000 | | | | 686,820 | |
| | | | | | | | 1,295,347 | |
| Materials — 2.0% | | | | | | | | |
| Vale | | | 68,100 | | | | 730,086 | |
| | | | | | | | | |
| TOTAL BRAZIL | | | | | | | 3,206,691 | |
| CHILE — 3.8% | | | | | | | | |
| Financials — 2.2% | | | | | | | | |
| Banco de Chile | | | 6,732,260 | | | | 784,262 | |
| | | | | | | | | |
| Materials — 1.6% | | | | | | | | |
| Empresas CMPC | | | 378,025 | | | | 601,975 | |
| | | | | | | | | |
| TOTAL CHILE | | | | | | | 1,386,237 | |
| CHINA — 35.6% | | | | | | | | |
| Consumer Discretionary — 8.3% | | | | | | | | |
| Chow Tai Fook Jewellery Group | | | 814,000 | | | | 770,611 | |
| HLA Group, Cl A | | | 870,940 | | | | 695,252 | |
| MINISO Group Holding (A) | | | 186,600 | | | | 948,073 | |
| Topsports International Holdings | | | 1,770,000 | | | | 587,389 | |
| | | | | | | | 3,001,325 | |
| Energy — 6.0% | | | | | | | | |
| PetroChina, Cl H | | | 816,000 | | | | 612,965 | |
| Pingdingshan Tianan Coal Mining, Cl A | | | 552,300 | | | | 785,696 | |
| Shan Xi Hua Yang Group New Energy, Cl A | | | 722,700 | | | | 758,405 | |
| | | | | | | | 2,157,066 | |
The accompanying notes are an integral part of the financial statements.
33
| Schedule of Investments | October 31, 2024 |
| Global X MSCI SuperDividend® Emerging Markets ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — 8.8% | | | | | | | | |
| Bank of China, Cl H | | | 1,628,900 | | | $ | 773,132 | |
| Bank of Communications, Cl H | | | 1,027,180 | | | | 778,207 | |
| China CITIC Bank, Cl H | | | 1,279,600 | | | | 798,269 | |
| China Construction Bank, Cl H | | | 1,098,000 | | | | 851,633 | |
| | | | | | | | 3,201,241 | |
| Industrials — 4.2% | | | | | | | | |
| Jiangsu Expressway, Cl H | | | 672,000 | | | | 676,806 | |
| Yutong Bus, Cl A | | | 244,500 | | | | 828,738 | |
| | | | | | | | 1,505,544 | |
| Information Technology — 1.9% | | | | | | | | |
| Shanghai Baosight Software, Cl B | | | 450,400 | | | | 681,455 | |
| | | | | | | | | |
| Materials — 2.2% | | | | | | | | |
| Inner Mongolia Junzheng Energy & Chemical Industry Group, Cl A | | | 1,365,340 | | | | 814,088 | |
| | | | | | | | | |
| Real Estate — 4.2% | | | | | | | | |
| C&D International Investment Group (A) | | | 437,000 | | | | 826,289 | |
| Youngor Fashion, Cl A | | | 662,100 | | | | 697,598 | |
| | | | | | | | 1,523,887 | |
| TOTAL CHINA | | | | | | | 12,884,606 | |
| COLOMBIA — 1.7% | | | | | | | | |
| Utilities — 1.7% | | | | | | | | |
| Interconexion Electrica ESP | | | 157,811 | | | | 628,669 | |
| | | | | | | | | |
| CZECHIA — 4.9% | | | | | | | | |
| Financials — 4.9% | | | | | | | | |
| Komercni Banka | | | 24,120 | | | | 831,774 | |
| Moneta Money Bank | | | 193,433 | | | | 962,411 | |
| | | | | | | | | |
| TOTAL CZECHIA | | | | | | | 1,794,185 | |
| EGYPT — 3.5% | | | | | | | | |
| Consumer Staples — 3.5% | | | | | | | | |
| Eastern SAE | | | 2,261,912 | | | | 1,261,495 | |
The accompanying notes are an integral part of the financial statements.
34
| Schedule of Investments | October 31, 2024 |
| Global X MSCI SuperDividend® Emerging Markets ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| GREECE — 4.4% | | | | | | | | |
| Consumer Discretionary — 4.4% | | | | | | | | |
| JUMBO | | | 27,784 | | | $ | 739,008 | |
| OPAP | | | 49,758 | | | | 847,028 | |
| | | | | | | | | |
| TOTAL GREECE | | | | | | | 1,586,036 | |
| HUNGARY — 1.8% | | | | | | | | |
| Energy — 1.8% | | | | | | | | |
| MOL Hungarian Oil & Gas | | | 92,777 | | | | 642,380 | |
| | | | | | | | | |
| INDIA — 2.1% | | | | | | | | |
| Energy — 2.1% | | | | | | | | |
| Coal India | | | 139,940 | | | | 752,321 | |
| | | | | | | | | |
| KUWAIT — 2.0% | | | | | | | | |
| Communication Services — 2.0% | | | | | | | | |
| Mobile Telecommunications KSCP | | | 475,961 | | | | 707,657 | |
| | | | | | | | | |
| MEXICO — 3.1% | | | | | | | | |
| Financials — 1.3% | | | | | | | | |
| Banco del Bajio | | | 217,340 | | | | 482,496 | |
| | | | | | | | | |
| Real Estate — 1.8% | | | | | | | | |
| Fibra Uno Administracion † | | | 546,300 | | | | 628,207 | |
| | | | | | | | | |
| TOTAL MEXICO | | | | | | | 1,110,703 | |
| POLAND — 1.9% | | | | | | | | |
| Financials — 1.9% | | | | | | | | |
| Santander Bank Polska | | | 6,322 | | | | 706,142 | |
| | | | | | | | | |
| ROMANIA — 2.5% | | | | | | | | |
| Real Estate — 2.5% | | | | | | | | |
| NEPI Rockcastle | | | 114,965 | | | | 899,757 | |
| | | | | | | | | |
| RUSSIA — 0.0% | | | | | | | | |
| Materials — 0.0% | | | | | | | | |
| Alrosa PJSC (B) | | | 1,194,381 | | | | — | |
The accompanying notes are an integral part of the financial statements.
35
| Schedule of Investments | October 31, 2024 |
| Global X MSCI SuperDividend® Emerging Markets ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Materials — continued | | | | | | | | |
| PhosAgro PJSC GDR *(B) | | | 42 | | | $ | — | |
| Severstal PJSC (B) | | | 71,665 | | | | — | |
| | | | | | | | | |
| TOTAL RUSSIA | | | | | | | — | |
| SAUDI ARABIA — 3.6% | | | | | | | | |
| Energy — 1.9% | | | | | | | | |
| Saudi Arabian Oil | | | 94,307 | | | | 677,980 | |
| | | | | | | | | |
| Materials — 1.7% | | | | | | | | |
| Saudi Aramco Base Oil | | | 20,117 | | | | 627,769 | |
| | | | | | | | | |
| TOTAL SAUDI ARABIA | | | | | | | 1,305,749 | |
| SOUTH AFRICA — 5.6% | | | | | | | | |
| Financials — 2.5% | | | | | | | | |
| Absa Group | | | 95,291 | | | | 908,876 | |
| | | | | | | | | |
| Materials — 3.1% | | | | | | | | |
| Kumba Iron Ore (A) | | | 27,579 | | | | 517,886 | |
| Sasol | | | 110,294 | | | | 612,481 | |
| | | | | | | | 1,130,367 | |
| TOTAL SOUTH AFRICA | | | | | | | 2,039,243 | |
| THAILAND — 2.6% | | | | | | | | |
| Financials — 2.6% | | | | | | | | |
| SCB X NVDR | | | 278,300 | | | | 936,051 | |
| | | | | | | | | |
| TüRKIYE — 6.0% | | | | | | | | |
| Consumer Discretionary — 1.4% | | | | | | | | |
| Tofas Turk Otomobil Fabrikasi | | | 95,465 | | | | 523,397 | |
| | | | | | | | | |
| Energy — 1.6% | | | | | | | | |
| Turkiye Petrol Rafinerileri | | | 136,010 | | | | 573,546 | |
| | | | | | | | | |
| Financials — 3.0% | | | | | | | | |
| Akbank | | | 391,712 | | | | 578,025 | |
The accompanying notes are an integral part of the financial statements.
36
| Schedule of Investments | October 31, 2024 |
| Global X MSCI SuperDividend® Emerging Markets ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| Yapi ve Kredi Bankasi | | | 697,044 | | | $ | 497,624 | |
| | | | | | | | 1,075,649 | |
| TOTAL TüRKIYE | | | | | | | 2,172,592 | |
TOTAL COMMON STOCK
(Cost $35,983,242) | | | | | | | 34,020,514 | |
| | | | | | | | | |
| PREFERRED STOCK — 5.8% | | | | | | | | |
| BRAZIL—2.1% | | | | | | | | |
| Utilities — 2.1% | | | | | | | | |
| Cia Energetica de Minas Gerais (C) | | | 394,285 | | | | 774,437 | |
| TOTAL BRAZIL | | | | | | | 774,437 | |
| COLOMBIA—1.9% | | | | | | | | |
| Financials — 1.9% | | | | | | | | |
| Bancolombia (C) | | | 88,019 | | | | 706,465 | |
| TOTAL COLOMBIA | | | | | | | 706,465 | |
| RUSSIA—0.0% | | | | | | | | |
| Energy — 0.0% | | | | | | | | |
| Surgutneftegas PJSC (B)(C) | | | 3,166,303 | | | | — | |
| TOTAL RUSSIA | | | | | | | — | |
| SOUTH KOREA— 1.8% | | | | | | | | |
| Consumer Discretionary — 1.8% | | | | | | | | |
| Hyundai Motor (C) | | | 5,659 | | | | 645,454 | |
| TOTAL SOUTH KOREA | | | | | | | 645,454 | |
TOTAL PREFERRED STOCK
(Cost $3,533,611) | | | | | | | 2,126,356 | |
| | | | | | | | | |
| | | Face Amount | | | | |
| REPURCHASE AGREEMENTS(D) — 3.6% | | | | | | | | |
Daiwa Capital Markets America, Inc.
4.890%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $304,304 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $25 - $59,451, 0.625% - 7.500%, 05/15/2025 - 11/01/2054, with a total market value of $310,348) | | $ | 304,263 | | | | 304,263 | |
The accompanying notes are an integral part of the financial statements.
37
| Schedule of Investments | October 31, 2024 |
| Global X MSCI SuperDividend® Emerging Markets ETF |
| | | Face Amount | | | Value | |
| REPURCHASE AGREEMENTS(D) — continued | | | | | | | | |
Deutsche Bank Securities, Inc.
4.850%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $304,304 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $72,483 - $248,515, 2.875% - 4.500%, 05/15/2027 - 05/15/2052, with a total market value of $310,348) | | $ | 304,263 | | | $ | 304,263 | |
HSBC Securities USA, Inc.
4.860%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $304,304 (collateralized by various U.S. Government Obligations, ranging in par value $61 - $157,730, 2.000% - 7.500%, 05/01/2028 - 10/01/2054, with a total market value of $310,348) | | | 304,263 | | | | 304,263 | |
Nomura Securities International, Inc.
4.850%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $304,304 (collateralized by various U.S. Government Obligations, ranging in par value $166 - $153,524, 2.500% - 6.980%, 07/01/2034 - 06/15/2059, with a total market value of $310,348) | | | 304,263 | | | | 304,263 | |
RBC Dominion Securities, Inc.
4.850%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $77,697 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $4 - $28,921, 0.000% - 7.000%, 04/15/2026 - 09/20/2054, with a total market value of $79,241) | | | 77,687 | | | | 77,687 | |
TOTAL REPURCHASE AGREEMENTS
(Cost $1,294,739) | | | | | | | 1,294,739 | |
TOTAL INVESTMENTS — 103.3%
(Cost $40,811,592) | | | | | | $ | 37,441,609 | |
Percentages are based on Net Assets of $36,233,524.
The accompanying notes are an integral part of the financial statements.
38
| Schedule of Investments | October 31, 2024 |
| Global X MSCI SuperDividend® Emerging Markets ETF |
A list of the open futures contracts held by the Fund at October 31, 2024, is as follows:
| Type of Contract | | Number of
Contracts | | Expiration
Date | | Notional Amount | | | Value | | | Unrealized
Depreciation | |
Long Contracts
MSCI Emerging Markets | | 2 | | Dec-2024 | | $ | 115,742 | | | $ | 112,650 | | | $ | (3,092 | ) |
| * | Non-income producing security. |
| † | Real Estate Investment Trust |
| (A) | This security or a partial position of this security is on loan at October 31, 2024. The total market value of securities on loan at October 31, 2024 was $1,415,488. |
| (B) | Level 3 security in accordance with fair value hierarchy. |
| (C) | There is currently no stated interest rate. |
| (D) | These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2024 was $1,294,739. The total value of non-cash collateral held from securities on loan as of October 31, 2024 was $191,557. |
The following is a summary of the level of inputs used as of October 31, 2024, in valuing the Fund’s investments and other financial instruments carried at value:
| Investments in Securities | | Level 1 | | | Level 2 | | | Level 3(1) | | | Total | |
| Common Stock | | $ | 32,634,277 | | | $ | 1,386,237 | | | $ | — | ^ | | $ | 34,020,514 | |
| Preferred Stock | | | 2,126,356 | | | | — | | | | — | ^ | | | 2,126,356 | |
| Repurchase Agreements | | | — | | | | 1,294,739 | | | | — | | | | 1,294,739 | |
| Total Investments in Securities | | $ | 34,760,633 | | | $ | 2,680,976 | | | $ | — | | | $ | 37,441,609 | |
| | | | | | | | | | | | | | | | | |
| Other Financial Instruments | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Futures Contracts* | | | | | | | | | | | | | | | | |
| Unrealized Depreciation | | $ | (3,092 | ) | | $ | — | | | $ | — | | | $ | (3,092 | ) |
| Total Other Financial Instruments | | $ | (3,092 | ) | | $ | — | | | $ | — | | | $ | (3,092 | ) |
| * | Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
| ^ | Includes Securities in which the fair value is $0 or has been rounded to $0. |
| (1) | A reconciliation of Level 3 investments and disclosures of significant unobservable inputs are presented when the Fund has a significant amount of Level 3 investments at the end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets. |
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
The accompanying notes are an integral part of the financial statements.
39
| Schedule of Investments | October 31, 2024 |
| Global X SuperDividend® REIT ETF |
| | | Shares | | | Value | |
| COMMON STOCK — 99.1% | | | | | | | | |
| AUSTRALIA — 3.3% | | | | | | | | |
| Real Estate — 3.3% | | | | | | | | |
| Charter Hall Long Wale REIT † | | | 2,870,912 | | | $ | 7,333,733 | |
| | | | | | | | | |
| CANADA — 3.2% | | | | | | | | |
| Real Estate — 3.2% | | | | | | | | |
| SmartCentres Real Estate Investment Trust † | | | 399,456 | | | | 7,138,311 | |
| | | | | | | | | |
| FRANCE — 3.6% | | | | | | | | |
| Real Estate — 3.6% | | | | | | | | |
| Covivio † | | | 140,818 | | | | 7,995,550 | |
| | | | | | | | | |
| HONG KONG — 2.8% | | | | | | | | |
| Real Estate — 2.8% | | | | | | | | |
| Link REIT † | | | 1,339,600 | | | | 6,246,205 | |
| | | | | | | | | |
| SINGAPORE — 6.5% | | | | | | | | |
| Real Estate — 6.5% | | | | | | | | |
| Frasers Logistics & Commercial Trust † | | | 8,686,946 | | | | 7,026,255 | |
| Keppel † | | | 10,568,610 | | | | 7,190,074 | |
| | | | | | | | | |
| TOTAL SINGAPORE | | | | | | | 14,216,329 | |
| SOUTH AFRICA — 3.4% | | | | | | | | |
| Real Estate — 3.4% | | | | | | | | |
| Growthpoint Properties † | | | 10,174,922 | | | | 7,510,336 | |
| | | | | | | | | |
| UNITED STATES — 76.3% | | | | | | | | |
| Financials — 35.9% | | | | | | | | |
| Annaly Capital Management † | | | 366,088 | | | | 6,959,333 | |
| Apollo Commercial Real Estate Finance † | | | 751,115 | | | | 6,677,412 | |
| BrightSpire Capital, Cl A † | | | 1,145,788 | | | | 6,966,391 | |
| Dynex Capital † | | | 587,818 | | | | 7,177,258 | |
| Ellington Financial † | | | 605,801 | | | | 7,324,134 | |
| Invesco Mortgage Capital † | | | 493,095 | | | | 3,979,277 | |
| Ladder Capital, Cl A † | | | 655,767 | | | | 7,482,301 | |
| MFA Financial † | | | 675,204 | | | | 8,298,257 | |
| Orchid Island Capital, Cl A † | | | 527,787 | | | | 3,995,348 | |
The accompanying notes are an integral part of the financial statements.
40
| Schedule of Investments | October 31, 2024 |
| Global X SuperDividend® REIT ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| Ready Capital † | | | 830,409 | | | $ | 5,688,302 | |
| Rithm Capital † | | | 689,631 | | | | 7,303,192 | |
| Starwood Property Trust † | | | 372,042 | | | | 7,344,109 | |
| | | | | | | | 79,195,314 | |
| Real Estate — 40.4% | | | | | | | | |
| Broadstone Net Lease, Cl A † | | | 432,643 | | | | 7,610,190 | |
| EPR Properties † | | | 164,342 | | | | 7,456,196 | |
| Gaming and Leisure Properties † | | | 155,051 | | | | 7,782,010 | |
| Getty Realty † | | | 260,082 | | | | 8,163,974 | |
| Global Net Lease † | | | 624,216 | | | | 4,862,643 | |
| Healthcare Realty Trust, Cl A † | | | 426,221 | | | | 7,322,477 | |
| LTC Properties † | | | 225,021 | | | | 8,595,802 | |
| National Health Investors † | | | 132,044 | | | | 10,121,173 | |
| Omega Healthcare Investors † | | | 251,948 | | | | 10,700,232 | |
| Sabra Health Care REIT † | | | 514,861 | | | | 9,988,303 | |
| WP Carey † | | | 114,739 | | | | 6,393,257 | |
| | | | | | | | 88,996,257 | |
| TOTAL UNITED STATES | | | | | | | 168,191,571 | |
TOTAL COMMON STOCK
(Cost $212,949,752) | | | | | | | 218,632,035 | |
TOTAL INVESTMENTS — 99.1%
(Cost $212,949,752) | | | | | | $ | 218,632,035 | |
Percentages are based on Net Assets of $220,575,873.
A list of the open futures contracts held by the Fund at October 31, 2024, is as follows:
| Type of Contract | | Number of
Contracts | | Expiration
Date | | Notional Amount | | | Value | | | Unrealized
Depreciation | |
| Long Contracts | | | | | | | | | | | | | |
| Dow Jones U.S. Real Estate | | 45 | | Dec-2024 | | $ | 1,753,996 | | | $ | 1,700,550 | | | $ | (53,446 | ) |
| † | Real Estate Investment Trust |
The accompanying notes are an integral part of the financial statements.
41
| Schedule of Investments | October 31, 2024 |
| Global X SuperDividend® REIT ETF |
The following is a summary of the level of inputs used as of October 31, 2024, in valuing the Fund’s investments and other financial instruments carried at value:
| Investments in Securities | | Level 1 | | Level 2 | | | Level 3 | | | Total |
| Common Stock | | $ | 204,415,706 | | | $ | 14,216,329 | | | $ | — | | | $ | 218,632,035 | |
| Total Investments in Securities | | $ | 204,415,706 | | | $ | 14,216,329 | | | $ | — | | | $ | 218,632,035 | |
| | | | | | | | | | | | | | | | | |
| Other Financial Instruments | | Level 1 | | Level 2 | | | Level 3 | | | Total |
| Futures Contracts* | | | | | | | | | | | | | | | | |
| Unrealized Depreciation | | $ | (53,446 | ) | | $ | — | | | $ | — | | | $ | (53,446 | ) |
| Total Other Financial Instruments | | $ | (53,446 | ) | | $ | — | | | $ | — | | | $ | (53,446 | ) |
| * | Futures contracts are valued at the unrealized depreciation on the instrument. |
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
The accompanying notes are an integral part of the financial statements.
42
| Schedule of Investments | October 31, 2024 |
| Global X Renewable Energy Producers ETF |
| | | Shares | | | Value | |
| COMMON STOCK — 94.5% | | | | | | | | |
| AUSTRIA — 6.4% | | | | | | | | |
| Utilities — 6.4% | | | | | | | | |
| Verbund | | | 26,771 | | | $ | 2,185,601 | |
| | | | | | | | | |
| BRAZIL — 11.3% | | | | | | | | |
| Utilities — 11.3% | | | | | | | | |
| Centrais Eletricas Brasileiras | | | 327,855 | | | | 2,150,491 | |
| Engie Brasil Energia | | | 199,784 | | | | 1,431,232 | |
| Serena Energia * | | | 174,662 | | | | 250,433 | |
| | | | | | | | | |
| TOTAL BRAZIL | | | | | | | 3,832,156 | |
| CANADA — 6.4% | | | | | | | | |
| Utilities — 6.4% | | | | | | | | |
| Boralex, Cl A | | | 28,906 | | | | 694,059 | |
| Innergex Renewable Energy | | | 57,227 | | | | 374,411 | |
| Northland Power (A) | | | 72,258 | | | | 1,096,868 | |
| | | | | | | | | |
| TOTAL CANADA | | | | | | | 2,165,338 | |
| CHINA — 3.8% | | | | | | | | |
| Utilities — 3.8% | | | | | | | | |
| China Datang Renewable Power, Cl H (A) | | | 702,500 | | | | 202,408 | |
| China Longyuan Power Group, Cl H | | | 932,300 | | | | 828,642 | |
| Xinyi Energy Holdings (A) | | | 2,321,300 | | | | 262,752 | |
| | | | | | | | | |
| TOTAL CHINA | | | | | | | 1,293,802 | |
| DENMARK — 6.6% | | | | | | | | |
| Utilities — 6.6% | | | | | | | | |
| Orsted * | | | 38,614 | | | | 2,252,219 | |
| | | | | | | | | |
| FRANCE — 5.0% | | | | | | | | |
| Utilities — 5.0% | | | | | | | | |
| Neoen | | | 39,516 | | | | 1,692,421 | |
| | | | | | | | | |
| GERMANY — 0.8% | | | | | | | | |
| Energy — 0.8% | | | | | | | | |
| Verbio | | | 17,910 | | | | 274,159 | |
| | | | | | | | | |
The accompanying notes are an integral part of the financial statements.
43
| Schedule of Investments | October 31, 2024 |
| Global X Renewable Energy Producers ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| GREECE — 2.1% | | | | | | | | |
| Utilities — 2.1% | | | | | | | | |
| Terna Energy | | | 33,238 | | | $ | 714,478 | |
| | | | | | | | | |
| INDIA — 1.2% | | | | | | | | |
| Utilities — 1.2% | | | | | | | | |
| ReNew Energy Global, Cl A * | | | 71,577 | | | | 405,126 | |
| | | | | | | | | |
| INDONESIA — 5.2% | | | | | | | | |
| Utilities — 5.2% | | | | | | | | |
| Barito Renewables Energy | | | 4,064,500 | | | | 1,760,981 | |
| | | | | | | | | |
| ISRAEL — 3.1% | | | | | | | | |
| Utilities — 3.1% | | | | | | | | |
| Energix-Renewable Energies | | | 154,504 | | | | 538,569 | |
| Enlight Renewable Energy * | | | 33,310 | | | | 529,809 | |
| | | | | | | | | |
| TOTAL ISRAEL | | | | | | | 1,068,378 | |
| ITALY — 2.8% | | | | | | | | |
| Utilities — 2.8% | | | | | | | | |
| ERG | | | 42,304 | | | | 947,937 | |
| | | | | | | | | |
| JAPAN — 1.0% | | | | | | | | |
| Industrials — 0.6% | | | | | | | | |
| West Holdings | | | 12,886 | | | | 192,962 | |
| | | | | | | | | |
| Utilities — 0.4% | | | | | | | | |
| RENOVA * | | | 25,633 | | | | 146,571 | |
| | | | | | | | | |
| TOTAL JAPAN | | | | | | | 339,533 | |
| NEW ZEALAND — 13.8% | | | | | | | | |
| Utilities — 13.8% | | | | | | | | |
| Contact Energy | | | 222,214 | | | | 1,136,032 | |
| Mercury NZ | | | 392,564 | | | | 1,544,323 | |
| Meridian Energy | | | 564,296 | | | | 1,999,930 | |
| | | | | | | | | |
| TOTAL NEW ZEALAND | | | | | | | 4,680,285 | |
The accompanying notes are an integral part of the financial statements.
44
| Schedule of Investments | October 31, 2024 |
| Global X Renewable Energy Producers ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| RUSSIA — 0.0% | | | | | | | | |
| Utilities — 0.0% | | | | | | | | |
| RusHydro PJSC *(B) | | | 271,804,543 | | | $ | — | |
| | | | | | | | | |
| SOUTH AFRICA — 0.9% | | | | | | | | |
| Utilities — 0.9% | | | | | | | | |
| Scatec * | | | 44,765 | | | | 323,043 | |
| | | | | | | | | |
| SPAIN — 9.0% | | | | | | | | |
| Utilities — 9.0% | | | | | | | | |
| Atlantica Sustainable Infrastructure | | | 32,647 | | | | 720,193 | |
| EDP Renovaveis | | | 145,916 | | | | 1,961,156 | |
| Solaria Energia y Medio Ambiente * | | | 35,165 | | | | 367,260 | |
| | | | | | | | | |
| TOTAL SPAIN | | | | | | | 3,048,609 | |
| THAILAND — 0.7% | | | | | | | | |
| Utilities — 0.7% | | | | | | | | |
| Energy Absolute NVDR | | | 1,060,265 | | | | 248,217 | |
| | | | | | | | | |
| TURKIYE — 1.2% | | | | | | | | |
| Utilities — 1.2% | | | | | | | | |
| Akfen Yenilenebilir Enerji * | | | 285,558 | | | | 145,984 | |
| Aydem Yenilenebilir Enerji | | | 197,459 | | | | 143,962 | |
| Galata Wind Enerji | | | 151,768 | | | | 109,941 | |
| | | | | | | | | |
| TOTAL TURKIYE | | | | | | | 399,887 | |
| UNITED KINGDOM — 2.6% | | | | | | | | |
| Utilities — 2.6% | | | | | | | | |
| Drax Group | | | 108,897 | | | | 872,218 | |
| | | | | | | | | |
| UNITED STATES — 10.6% | | | | | | | | |
| Industrials — 2.6% | | | | | | | | |
| Sunrun * | | | 62,299 | | | | 900,221 | |
| | | | | | | | | |
| Utilities — 8.0% | | | | | | | | |
| Clearway Energy, Cl C | | | 23,174 | | | | 657,678 | |
| NextEra Energy Partners (A) | | | 26,289 | | | | 508,692 | |
The accompanying notes are an integral part of the financial statements.
45
| Schedule of Investments | October 31, 2024 |
| Global X Renewable Energy Producers ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Utilities — continued | | | | | | | | |
| Ormat Technologies | | | 16,982 | | | $ | 1,341,918 | |
| Sunnova Energy International * | | | 34,845 | | | | 211,509 | |
| | | | | | | | 2,719,797 | |
| TOTAL UNITED STATES | | | | | | | 3,620,018 | |
TOTAL COMMON STOCK
(Cost $60,590,116) | | | | | | | 32,124,406 | |
| | | | | | | | | |
| MASTER LIMITED PARTNERSHIP — 5.0% | | | | | | | | |
| CANADA—5.0% | | | | | | | | |
| Utilities — 5.0% | | | | | | | | |
| Brookfield Renewable Partners, Cl A | | | 66,390 | | | | 1,706,008 | |
TOTAL MASTER LIMITED PARTNERSHIP
(Cost $1,049,046) | | | | | | | 1,706,008 | |
| | | | | | | | | |
| | | Face Amount | | | | | |
| REPURCHASE AGREEMENTS(C) — 3.8% | | | | | | | | |
Citigroup Global Markets, Inc.
4.860%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $302,948 (collateralized by various U.S. Government Obligations, ranging in par value $44 - $77,512, 2.000% - 7.964%, 02/01/2036 - 08/20/2067, with a total market value of $307,742) | | $ | 302,907 | | | | 302,907 | |
Daiwa Capital Markets America, Inc.
4.890%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $77,351 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $6 - $15,112, 0.625% - 7.500%, 05/15/2025 - 11/01/2054, with a total market value of $78,486) | | | 77,340 | | | | 77,340 | |
The accompanying notes are an integral part of the financial statements.
46
| Schedule of Investments | October 31, 2024 |
| Global X Renewable Energy Producers ETF |
| | | Face Amount | | | Value | |
| REPURCHASE AGREEMENTS(C) — continued | | | | | | | | |
Deutsche Bank Securities, Inc.
4.850%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $302,948 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $72,160 - $247,407, 2.875% - 4.500%, 05/15/2027 - 05/15/2052,with a total market value of $302,900) | | $ | 302,907 | | | $ | 302,907 | |
HSBC Securities USA, Inc.
4.860%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $302,948 (collateralized by various U.S. Government Obligations, ranging in par value $61 - $157,027, 2.000% - 7.500%, 05/01/2028 - 10/01/2054, with a total market value of $307,846) | | | 302,907 | | | | 302,907 | |
Nomura Securities International, Inc.
4.850%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $302,948 (collateralized by various U.S. Government Obligations, ranging in par value $165 - $152,840, 2.500% - 6.980%, 07/01/2034 - 06/15/2059, with a total market value of $307,913) | | | | | | | | |
| | | | 302,907 | | | | 302,907 | |
TOTAL REPURCHASE AGREEMENTS
(Cost $1,288,968) | | | | | | | 1,288,968 | |
TOTAL INVESTMENTS — 103.3%
(Cost $62,928,130) | | | | | | $ | 35,119,382 | |
Percentages are based on Net Assets of $33,981,427.
| * | Non-income producing security. |
| (A) | This security or a partial position of this security is on loan at October 31, 2024. The total market value of securities on loan at October 31, 2024 was $1,177,656. |
| (B) | Level 3 security in accordance with fair value hierarchy. |
The accompanying notes are an integral part of the financial statements.
47
| Schedule of Investments | October 31, 2024 |
| Global X Renewable Energy Producers ETF |
| (C) | These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2024 was $1,288,968. The total value of non-cash collateral held from securities on loan as of October 31, 2024 was $0. |
The following is a summary of the level of inputs used as of October 31, 2024, in valuing the Fund’s investments carried at value:
| Investments in Securities | | Level 1 | | | Level 2 | | | Level 3(1) | | | Total | |
| Common Stock | | $ | 32,124,406 | | | $ | — | | | $ | — | ^ | | $ | 32,124,406 | |
| Master Limited Partnership | | | 1,706,008 | | | | — | | | | — | | | | 1,706,008 | |
| Repurchase Agreements | | | — | | | | 1,288,968 | | | | — | | | | 1,288,968 | |
| Total Investments in Securities | | $ | 33,830,414 | | | $ | 1,288,968 | | | $ | — | ^ | | $ | 35,119,382 | |
| (1) | A reconciliation of Level 3 investments and disclosures of significant unobservable inputs are presented when the Fund has a significant amount of Level 3 investments at the end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets. |
| | |
| ^ | Includes Securities in which the fair value is $0 or has been rounded to $0. |
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
The accompanying notes are an integral part of the financial statements.
48
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Catholic Values ETF |
| | | Shares | | | Value | |
| COMMON STOCK — 99.9% | | | | | | | | |
| CHINA — 0.1% | | | | | | | | |
| Information Technology — 0.1% | | | | | | | | |
| NXP Semiconductors | | | 4,828 | | | $ | 1,132,166 | |
| | | | | | | | | |
| IRELAND — 0.5% | | | | | | | | |
| Information Technology — 0.5% | | | | | | | | |
| Accenture PLC, Cl A | | | 11,857 | | | | 4,088,530 | |
| | | | | | | | | |
| SWITZERLAND — 0.1% | | | | | | | | |
| Information Technology — 0.1% | | | | | | | | |
| TE Connectivity PLC | | | 5,752 | | | | 847,960 | |
| | | | | | | | | |
| UNITED STATES — 99.2% | | | | | | | | |
| Communication Services — 9.1% | | | | | | | | |
| Alphabet, Cl A | | | 109,286 | | | | 18,699,927 | |
| Alphabet, Cl C | | | 89,590 | | | | 15,471,297 | |
| AT&T | | | 133,698 | | | | 3,013,553 | |
| Charter Communications, Cl A * | | | 1,927 | | | | 631,304 | |
| Comcast, Cl A | | | 72,031 | | | | 3,145,594 | |
| Electronic Arts | | | 4,482 | | | | 676,110 | |
| Fox, Cl A | | | 5,122 | | | | 215,124 | |
| Fox, Cl B | | | 3,272 | | | | 127,477 | |
| Interpublic Group | | | 6,977 | | | | 205,124 | |
| Live Nation Entertainment * | | | 2,723 | | | | 318,972 | |
| Match Group * | | | 5,347 | | | | 192,652 | |
| Meta Platforms, Cl A | | | 40,751 | | | | 23,129,453 | |
| Netflix * | | | 8,005 | | | | 6,052,020 | |
| News, Cl A | | | 8,441 | | | | 230,017 | |
| News, Cl B | | | 2,667 | | | | 77,450 | |
| Omnicom Group | | | 3,637 | | | | 367,337 | |
| Paramount Global, Cl B | | | 11,651 | | | | 127,462 | |
| Take-Two Interactive Software * | | | 3,333 | | | | 539,013 | |
| T-Mobile US | | | 9,135 | | | | 2,038,567 | |
| Verizon Communications | | | 78,495 | | | | 3,306,994 | |
| Walt Disney | | | 33,815 | | | | 3,253,003 | |
| Warner Bros Discovery * | | | 44,539 | | | | 362,102 | |
| | | | | | | | 82,180,552 | |
The accompanying notes are an integral part of the financial statements.
49
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Catholic Values ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Discretionary — 10.0% | | | | | | | | |
| Airbnb, Cl A * | | | 12,970 | | | $ | 1,748,226 | |
| Aptiv PLC * | | | 7,825 | | | | 444,695 | |
| AutoZone * | | | 508 | | | | 1,528,572 | |
| Best Buy | | | 5,653 | | | | 511,201 | |
| Booking Holdings | | | 986 | | | | 4,610,782 | |
| BorgWarner | | | 6,885 | | | | 231,543 | |
| CarMax * | | | 4,595 | | | | 332,586 | |
| Carnival * | | | 29,376 | | | | 646,272 | |
| Chipotle Mexican Grill, Cl A * | | | 40,378 | | | | 2,251,881 | |
| Darden Restaurants | | | 3,594 | | | | 575,112 | |
| Deckers Outdoor * | | | 4,496 | | | | 723,361 | |
| Domino’s Pizza | | | 1,067 | | | | 441,450 | |
| DR Horton | | | 8,646 | | | | 1,461,174 | |
| eBay | | | 14,409 | | | | 828,662 | |
| Expedia Group * | | | 3,668 | | | | 573,345 | |
| Ford Motor | | | 115,079 | | | | 1,184,163 | |
| Garmin | | | 4,536 | | | | 899,716 | |
| General Motors | | | 33,137 | | | | 1,682,034 | |
| Genuine Parts | | | 4,111 | | | | 471,532 | |
| Hasbro | | | 3,853 | | | | 252,872 | |
| Hilton Worldwide Holdings | | | 7,259 | | | | 1,704,776 | |
| Home Depot | | | 29,253 | | | | 11,518,369 | |
| Lennar, Cl A | | | 7,130 | | | | 1,214,239 | |
| LKQ | | | 7,425 | | | | 273,166 | |
| Lowe’s | | | 16,804 | | | | 4,399,791 | |
| Lululemon Athletica * | | | 3,384 | | | | 1,008,094 | |
| Marriott International, Cl A | | | 6,892 | | | | 1,792,058 | |
| McDonald’s | | | 21,159 | | | | 6,180,755 | |
| Mohawk Industries * | | | 1,643 | | | | 220,606 | |
| NIKE, Cl B | | | 35,430 | | | | 2,732,716 | |
| Norwegian Cruise Line Holdings * | | | 12,506 | | | | 316,902 | |
| NVR * | | | 94 | | | | 860,364 | |
| O’Reilly Automotive * | | | 1,714 | | | | 1,976,482 | |
| Pool | | | 1,228 | | | | 444,094 | |
| PulteGroup | | | 6,111 | | | | 791,558 | |
| Ross Stores | | | 9,828 | | | | 1,373,168 | |
| Royal Caribbean Cruises | | | 6,984 | | | | 1,441,148 | |
| Starbucks | | | 33,412 | | | | 3,264,352 | |
| Tapestry | | | 6,195 | | | | 293,953 | |
The accompanying notes are an integral part of the financial statements.
50
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Catholic Values ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Discretionary — continued | | | | | | | | |
| Tesla * | | | 81,833 | | | $ | 20,445,975 | |
| TJX | | | 33,335 | | | | 3,767,855 | |
| Tractor Supply | | | 3,183 | | | | 845,118 | |
| Ulta Beauty * | | | 1,456 | | | | 537,235 | |
| Yum! Brands | | | 8,290 | | | | 1,087,316 | |
| | | | | | | | 89,889,269 | |
| Consumer Staples — 5.6% | | | | | | | | |
| Archer-Daniels-Midland | | | 16,639 | | | | 918,639 | |
| Brown-Forman, Cl B | | | 4,940 | | | | 217,508 | |
| Bunge Global | | | 5,032 | | | | 422,789 | |
| Campbell Soup | | | 5,360 | | | | 250,044 | |
| Clorox | | | 4,432 | | | | 702,694 | |
| Colgate-Palmolive | | | 29,288 | | | | 2,744,578 | |
| Conagra Brands | | | 14,242 | | | | 412,163 | |
| Constellation Brands, Cl A | | | 5,745 | | | | 1,334,793 | |
| Costco Wholesale | | | 16,224 | | | | 14,182,696 | |
| Dollar General | | | 7,829 | | | | 626,633 | |
| Dollar Tree * | | | 6,374 | | | | 412,015 | |
| Estee Lauder, Cl A | | | 7,255 | | | | 500,160 | |
| General Mills | | | 20,126 | | | | 1,368,971 | |
| Hormel Foods | | | 9,416 | | | | 287,659 | |
| J M Smucker | | | 3,093 | | | | 351,086 | |
| Kellanova | | | 9,396 | | | | 757,787 | |
| Keurig Dr Pepper | | | 41,087 | | | | 1,353,817 | |
| Kimberly-Clark | | | 12,016 | | | | 1,612,307 | |
| Kraft Heinz | | | 32,260 | | | | 1,079,420 | |
| Kroger | | | 23,859 | | | | 1,330,616 | |
| Lamb Weston Holdings | | | 4,797 | | | | 372,679 | |
| McCormick | | | 8,986 | | | | 703,065 | |
| Molson Coors Beverage, Cl B | | | 6,220 | | | | 338,803 | |
| Monster Beverage * | | | 25,304 | | | | 1,333,015 | |
| Procter & Gamble | | | 86,122 | | | | 14,225,632 | |
| Sysco | | | 17,750 | | | | 1,330,363 | |
| Tyson Foods, Cl A | | | 10,209 | | | | 598,145 | |
| Walgreens Boots Alliance | | | 20,469 | | | | 193,637 | |
| | | | | | | | 49,961,714 | |
The accompanying notes are an integral part of the financial statements.
51
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Catholic Values ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Energy — 3.4% | | | | | | | | |
| APA | | | 6,453 | | | $ | 152,291 | |
| Baker Hughes, Cl A | | | 18,503 | | | | 704,594 | |
| Chevron | | | 31,722 | | | | 4,720,868 | |
| ConocoPhillips | | | 21,646 | | | | 2,371,103 | |
| Coterra Energy | | | 14,759 | | | | 353,035 | |
| Devon Energy | | | 12,519 | | | | 484,235 | |
| Diamondback Energy | | | 3,492 | | | | 617,281 | |
| EOG Resources | | | 10,599 | | | | 1,292,654 | |
| EQT | | | 11,436 | | | | 417,871 | |
| Exxon Mobil | | | 82,866 | | | | 9,677,091 | |
| Halliburton | | | 17,525 | | | | 486,144 | |
| Hess | | | 5,327 | | | | 716,375 | |
| Kinder Morgan | | | 35,959 | | | | 881,355 | |
| Marathon Oil | | | 11,990 | | | | 332,123 | |
| Marathon Petroleum | | | 6,234 | | | | 906,860 | |
| Occidental Petroleum | | | 13,052 | | | | 654,036 | |
| ONEOK | | | 10,887 | | | | 1,054,733 | |
| Phillips 66 | | | 7,799 | | | | 950,074 | |
| Schlumberger | | | 26,465 | | | | 1,060,453 | |
| Targa Resources | | | 4,013 | | | | 670,010 | |
| Valero Energy | | | 5,963 | | | | 773,759 | |
| Williams | | | 22,718 | | | | 1,189,742 | |
| | | | | | | | 30,466,687 | |
| Financials — 13.2% | | | | | | | | |
| Aflac | | | 10,915 | | | | 1,143,783 | |
| Allstate | | | 5,332 | | | | 994,525 | |
| American Express | | | 12,168 | | | | 3,286,333 | |
| American International Group | | | 12,840 | | | | 974,299 | |
| Ameriprise Financial | | | 1,941 | | | | 990,492 | |
| Aon PLC, Cl A | | | 4,699 | | | | 1,723,922 | |
| Arch Capital Group * | | | 6,935 | | | | 683,514 | |
| Arthur J Gallagher | | | 4,739 | | | | 1,332,607 | |
| Assurant | | | 1,023 | | | | 196,109 | |
| Bank of America | | | 146,236 | | | | 6,115,590 | |
| Bank of New York Mellon | | | 14,465 | | | | 1,090,082 | |
| BlackRock Funding | | | 3,019 | | | | 2,961,730 | |
| Blackstone | | | 15,594 | | | | 2,615,893 | |
| Brown & Brown | | | 4,125 | | | | 431,640 | |
The accompanying notes are an integral part of the financial statements.
52
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Catholic Values ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| Capital One Financial | | | 7,460 | | | $ | 1,214,413 | |
| Cboe Global Markets | | | 2,095 | | | | 447,429 | |
| Charles Schwab | | | 32,348 | | | | 2,291,209 | |
| Chubb | | | 7,877 | | | | 2,224,780 | |
| Cincinnati Financial | | | 3,132 | | | | 441,080 | |
| Citigroup | | | 41,313 | | | | 2,651,055 | |
| Citizens Financial Group | | | 8,841 | | | | 372,383 | |
| CME Group, Cl A | | | 7,797 | | | | 1,757,132 | |
| Corpay * | | | 1,352 | | | | 445,781 | |
| Discover Financial Services | | | 5,128 | | | | 761,149 | |
| FactSet Research Systems | | | 756 | | | | 343,269 | |
| Fidelity National Information Services | | | 10,755 | | | | 965,046 | |
| Fifth Third Bancorp | | | 12,749 | | | | 556,876 | |
| Fiserv * | | | 12,462 | | | | 2,466,230 | |
| Franklin Resources | | | 6,235 | | | | 129,501 | |
| Global Payments | | | 4,983 | | | | 516,787 | |
| Globe Life | | | 2,017 | | | | 212,995 | |
| Goldman Sachs Group | | | 6,843 | | | | 3,543,237 | |
| Hartford Financial Services Group | | | 5,897 | | | | 651,265 | |
| Huntington Bancshares | | | 29,251 | | | | 456,023 | |
| Intercontinental Exchange | | | 12,439 | | | | 1,938,867 | |
| Invesco | | | 7,023 | | | | 121,779 | |
| Jack Henry & Associates | | | 1,427 | | | | 259,614 | |
| JPMorgan Chase | | | 61,640 | | | | 13,679,149 | |
| KeyCorp | | | 18,993 | | | | 327,629 | |
| KKR | | | 14,606 | | | | 2,019,133 | |
| Loews | | | 3,969 | | | | 313,392 | |
| M&T Bank | | | 3,467 | | | | 674,956 | |
| MarketAxess Holdings | | | 787 | | | | 227,774 | |
| Marsh & McLennan | | | 10,652 | | | | 2,324,692 | |
| Mastercard, Cl A | | | 17,869 | | | | 8,927,174 | |
| MetLife | | | 12,103 | | | | 949,117 | |
| Moody’s | | | 3,130 | | | | 1,421,145 | |
| Morgan Stanley | | | 26,976 | | | | 3,135,960 | |
| MSCI, Cl A | | | 1,591 | | | | 908,779 | |
| Nasdaq | | | 8,950 | | | | 661,584 | |
| Northern Trust | | | 4,138 | | | | 415,952 | |
| PayPal Holdings * | | | 22,136 | | | | 1,755,385 | |
| PNC Financial Services Group | | | 8,602 | | | | 1,619,499 | |
The accompanying notes are an integral part of the financial statements.
53
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Catholic Values ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| Principal Financial Group | | | 4,139 | | | $ | 341,054 | |
| Progressive | | | 12,681 | | | | 3,079,327 | |
| Prudential Financial | | | 7,095 | | | | 868,996 | |
| Raymond James Financial | | | 3,712 | | | | 550,193 | |
| Regions Financial | | | 18,076 | | | | 431,474 | |
| S&P Global | | | 6,939 | | | | 3,333,218 | |
| State Street | | | 5,901 | | | | 547,613 | |
| Synchrony Financial | | | 7,721 | | | | 425,736 | |
| T Rowe Price Group | | | 4,450 | | | | 488,877 | |
| Travelers | | | 4,404 | | | | 1,083,120 | |
| Truist Financial | | | 26,886 | | | | 1,157,442 | |
| US Bancorp | | | 33,785 | | | | 1,632,153 | |
| Visa, Cl A | | | 36,184 | | | | 10,487,932 | |
| W R Berkley | | | 6,069 | | | | 346,965 | |
| Wells Fargo | | | 73,732 | | | | 4,786,681 | |
| Willis Towers Watson PLC | | | 2,040 | | | | 616,468 | |
| | | | | | | | 118,846,988 | |
| Health Care — 11.4% | | | | | | | | |
| Align Technology * | | | 3,959 | | | | 811,714 | |
| Amgen | | | 30,250 | | | | 9,684,840 | |
| Baxter International | | | 28,799 | | | | 1,028,124 | |
| Biogen * | | | 8,246 | | | | 1,434,804 | |
| Boston Scientific * | | | 83,343 | | | | 7,002,479 | |
| Cardinal Health | | | 13,788 | | | | 1,496,274 | |
| Cencora | | | 9,361 | | | | 2,135,057 | |
| Cigna Group | | | 15,736 | | | | 4,953,850 | |
| CVS Health | | | 71,148 | | | | 4,017,016 | |
| DaVita * | | | 2,591 | | | | 362,248 | |
| Dexcom * | | | 22,532 | | | | 1,588,055 | |
| Edwards Lifesciences * | | | 34,137 | | | | 2,287,520 | |
| Elevance Health | | | 13,053 | | | | 5,296,385 | |
| GE HealthCare Technologies | | | 25,680 | | | | 2,243,148 | |
| Gilead Sciences | | | 70,078 | | | | 6,224,328 | |
| Henry Schein * | | | 7,219 | | | | 506,990 | |
| Hologic * | | | 13,195 | | | | 1,067,080 | |
| Humana | | | 6,827 | | | | 1,760,205 | |
| IDEXX Laboratories * | | | 4,667 | | | | 1,899,096 | |
| Incyte * | | | 8,983 | | | | 665,820 | |
The accompanying notes are an integral part of the financial statements.
54
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Catholic Values ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| Insulet * | | | 3,957 | | | $ | 916,164 | |
| Intuitive Surgical * | | | 19,971 | | | | 10,062,189 | |
| IQVIA Holdings * | | | 9,751 | | | | 2,006,951 | |
| Labcorp Holdings | | | 4,766 | | | | 1,087,935 | |
| McKesson | | | 7,370 | | | | 3,689,348 | |
| Medtronic PLC | | | 72,201 | | | | 6,443,939 | |
| Mettler-Toledo International * | | | 1,209 | | | | 1,561,726 | |
| Molina Healthcare * | | | 3,303 | | | | 1,060,990 | |
| Quest Diagnostics | | | 6,279 | | | | 972,178 | |
| ResMed | | | 8,319 | | | | 2,017,108 | |
| Solventum * | | | 7,764 | | | | 563,511 | |
| STERIS PLC | | | 5,591 | | | | 1,240,363 | |
| Stryker | | | 19,212 | | | | 6,844,851 | |
| Teleflex | | | 2,649 | | | | 532,608 | |
| West Pharmaceutical Services | | | 4,123 | | | | 1,269,595 | |
| Zimmer Biomet Holdings | | | 11,640 | | | | 1,244,549 | |
| Zoetis, Cl A | | | 25,507 | | | | 4,560,142 | |
| | | | | | | | 102,539,180 | |
| Industrials — 8.6% | | | | | | | | |
| 3M | | | 13,032 | | | | 1,674,221 | |
| A O Smith | | | 2,837 | | | | 213,059 | |
| Allegion PLC | | | 2,056 | | | | 287,079 | |
| AMETEK | | | 5,492 | | | | 1,006,903 | |
| Automatic Data Processing | | | 9,681 | | | | 2,800,132 | |
| Axon Enterprise * | | | 1,705 | | | | 722,067 | |
| Broadridge Financial Solutions | | | 2,767 | | | | 583,450 | |
| Builders FirstSource * | | | 2,760 | | | | 473,064 | |
| Carrier Global | | | 19,918 | | | | 1,448,437 | |
| Caterpillar | | | 11,505 | | | | 4,328,181 | |
| CH Robinson Worldwide | | | 2,775 | | | | 285,936 | |
| Cintas | | | 8,130 | | | | 1,673,235 | |
| Copart * | | | 20,765 | | | | 1,068,775 | |
| CSX | | | 45,992 | | | | 1,547,171 | |
| Cummins | | | 3,256 | | | | 1,071,159 | |
| Dayforce * | | | 4,206 | | | | 298,416 | |
| Deere | | | 6,077 | | | | 2,459,301 | |
| Delta Air Lines | | | 15,195 | | | | 869,458 | |
| Dover | | | 3,263 | | | | 617,784 | |
The accompanying notes are an integral part of the financial statements.
55
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Catholic Values ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| Eaton PLC | | | 9,449 | | | $ | 3,133,099 | |
| Emerson Electric | | | 13,589 | | | | 1,471,281 | |
| Equifax | | | 2,937 | | | | 778,364 | |
| Expeditors International of Washington | | | 3,336 | | | | 396,984 | |
| Fastenal | | | 13,583 | | | | 1,061,919 | |
| FedEx | | | 5,347 | | | | 1,464,276 | |
| Fortive | | | 8,307 | | | | 593,369 | |
| GE Vernova * | | | 6,519 | | | | 1,966,522 | |
| Generac Holdings * | | | 1,619 | | | | 268,025 | |
| General Electric | | | 25,729 | | | | 4,419,728 | |
| Howmet Aerospace | | | 9,682 | | | | 965,489 | |
| Hubbell, Cl B | | | 1,271 | | | | 542,755 | |
| IDEX | | | 2,012 | | | | 431,856 | |
| Illinois Tool Works | | | 6,408 | | | | 1,673,321 | |
| Ingersoll Rand | | | 9,571 | | | | 918,816 | |
| JB Hunt Transport Services | | | 2,124 | | | | 383,637 | |
| Johnson Controls International | | | 15,844 | | | | 1,197,014 | |
| Masco | | | 5,655 | | | | 451,891 | |
| Nordson | | | 1,334 | | | | 330,685 | |
| Norfolk Southern | | | 5,364 | | | | 1,343,307 | |
| Old Dominion Freight Line | | | 4,594 | | | | 924,864 | |
| Otis Worldwide | | | 9,500 | | | | 932,900 | |
| PACCAR | | | 12,423 | | | | 1,295,470 | |
| Parker-Hannifin | | | 3,053 | | | | 1,935,816 | |
| Paychex | | | 7,598 | | | | 1,058,629 | |
| Paycom Software | | | 1,344 | | | | 280,936 | |
| Pentair PLC | | | 4,320 | | | | 428,198 | |
| Quanta Services | | | 3,490 | | | | 1,052,689 | |
| Republic Services, Cl A | | | 4,837 | | | | 957,726 | |
| Rockwell Automation | | | 2,690 | | | | 717,450 | |
| Rollins | | | 6,780 | | | | 319,609 | |
| Snap-On | | | 1,246 | | | | 411,342 | |
| Southwest Airlines | | | 14,185 | | | | 433,777 | |
| Stanley Black & Decker | | | 3,642 | | | | 338,487 | |
| Trane Technologies PLC | | | 5,355 | | | | 1,982,207 | |
| Uber Technologies * | | | 49,857 | | | | 3,592,197 | |
| Union Pacific | | | 14,457 | | | | 3,355,036 | |
| United Airlines Holdings * | | | 8,628 | | | | 675,227 | |
| United Parcel Service, Cl B | | | 17,383 | | | | 2,330,365 | |
The accompanying notes are an integral part of the financial statements.
56
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Catholic Values ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| United Rentals | | | 1,582 | | | $ | 1,285,850 | |
| Veralto | | | 5,615 | | | | 573,797 | |
| Verisk Analytics, Cl A | | | 3,372 | | | | 926,356 | |
| Waste Management | | | 8,659 | | | | 1,869,045 | |
| Westinghouse Air Brake Technologies | | | 4,155 | | | | 781,057 | |
| WW Grainger | | | 1,051 | | | | 1,165,801 | |
| Xylem | | | 5,763 | | | | 701,818 | |
| | | | | | | | 77,546,815 | |
| Information Technology — 30.8% | | | | | | | | |
| Adobe * | | | 8,398 | | | | 4,014,916 | |
| Advanced Micro Devices * | | | 30,641 | | | | 4,414,449 | |
| Akamai Technologies * | | | 2,949 | | | | 298,085 | |
| Amphenol, Cl A | | | 23,246 | | | | 1,557,947 | |
| Analog Devices | | | 9,447 | | | | 2,107,720 | |
| ANSYS * | | | 1,693 | | | | 542,454 | |
| Apple | | | 287,852 | | | | 65,028,645 | |
| Applied Materials | | | 15,670 | | | | 2,845,359 | |
| Arista Networks * | | | 4,920 | | | | 1,901,285 | |
| Autodesk * | | | 4,135 | | | | 1,173,513 | |
| Broadcom | | | 88,128 | | | | 14,961,491 | |
| Cadence Design Systems * | | | 5,180 | | | | 1,430,302 | |
| CDW | | | 2,524 | | | | 475,092 | |
| Cisco Systems | | | 76,260 | | | | 4,176,760 | |
| Cognizant Technology Solutions, Cl A | | | 9,815 | | | | 732,101 | |
| Crowdstrike Holdings, Cl A * | | | 4,372 | | | | 1,297,916 | |
| Enphase Energy * | | | 2,694 | | | | 223,710 | |
| EPAM Systems * | | | 1,064 | | | | 200,724 | |
| F5 * | | | 1,156 | | | | 270,365 | |
| Fair Isaac * | | | 449 | | | | 894,906 | |
| First Solar * | | | 2,035 | | | | 395,767 | |
| Fortinet * | | | 12,571 | | | | 988,835 | |
| Gartner * | | | 1,458 | | | | 732,645 | |
| Gen Digital | | | 11,470 | | | | 333,892 | |
| GoDaddy, Cl A * | | | 2,663 | | | | 444,188 | |
| Hewlett Packard Enterprise | | | 25,583 | | | | 498,613 | |
| HP | | | 17,170 | | | | 609,878 | |
| Intel | | | 81,232 | | | | 1,748,113 | |
| Intuit | | | 5,292 | | | | 3,229,708 | |
The accompanying notes are an integral part of the financial statements.
57
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Catholic Values ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Information Technology — continued | | | | | | | | |
| Jabil | | | 2,513 | | | $ | 309,325 | |
| Juniper Networks | | | 6,305 | | | | 245,264 | |
| Keysight Technologies * | | | 3,464 | | | | 516,171 | |
| KLA | | | 2,543 | | | | 1,694,223 | |
| Lam Research | | | 24,660 | | | | 1,833,471 | |
| Microchip Technology | | | 10,443 | | | | 766,203 | |
| Micron Technology | | | 21,180 | | | | 2,110,587 | |
| Microsoft | | | 140,733 | | | | 57,186,855 | |
| Monolithic Power Systems | | | 918 | | | | 697,037 | |
| Motorola Solutions | | | 3,243 | | | | 1,457,242 | |
| NetApp | | | 3,978 | | | | 458,703 | |
| NVIDIA | | | 465,741 | | | | 61,831,775 | |
| ON Semiconductor * | | | 8,255 | | | | 581,895 | |
| Oracle | | | 30,257 | | | | 5,078,335 | |
| Palo Alto Networks * | | | 6,201 | | | | 2,234,406 | |
| PTC * | | | 2,239 | | | | 414,954 | |
| Qorvo * | | | 2,179 | | | | 155,276 | |
| QUALCOMM | | | 21,087 | | | | 3,432,331 | |
| Roper Technologies | | | 2,022 | | | | 1,087,290 | |
| Salesforce | | | 18,342 | | | | 5,344,309 | |
| Seagate Technology Holdings | | | 4,133 | | | | 414,829 | |
| ServiceNow * | | | 3,899 | | | | 3,637,728 | |
| Skyworks Solutions | | | 3,165 | | | | 277,191 | |
| Super Micro Computer * | | | 9,730 | | | | 283,240 | |
| Synopsys * | | | 2,901 | | | | 1,489,983 | |
| Teledyne Technologies * | | | 911 | | | | 414,796 | |
| Teradyne | | | 3,254 | | | | 345,607 | |
| Texas Instruments | | | 17,284 | | | | 3,511,417 | |
| Trimble * | | | 5,139 | | | | 310,909 | |
| Tyler Technologies * | | | 847 | | | | 512,935 | |
| VeriSign * | | | 1,791 | | | | 316,720 | |
| Western Digital * | | | 6,680 | | | | 436,271 | |
| Zebra Technologies, Cl A * | | | 986 | | | | 376,622 | |
| | | | | | | | 277,293,279 | |
| Materials — 2.2% | | | | | | | | |
| Air Products & Chemicals | | | 4,382 | | | | 1,360,743 | |
| Albemarle | | | 2,536 | | | | 240,235 | |
| Amcor PLC | | | 28,183 | | | | 313,677 | |
The accompanying notes are an integral part of the financial statements.
58
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Catholic Values ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Materials — continued | | | | | | | | |
| Avery Dennison | | | 1,697 | | | $ | 351,330 | |
| Ball | | | 5,919 | | | | 350,701 | |
| CF Industries Holdings | | | 3,607 | | | | 296,604 | |
| Corteva | | | 13,532 | | | | 824,369 | |
| Dow | | | 13,919 | | | | 687,320 | |
| DuPont de Nemours | | | 8,271 | | | | 686,410 | |
| Ecolab | | | 4,949 | | | | 1,216,118 | |
| FMC | | | 2,910 | | | | 189,121 | |
| Freeport-McMoRan | | | 28,485 | | | | 1,282,395 | |
| International Flavors & Fragrances | | | 5,391 | | | | 536,027 | |
| International Paper | | | 7,634 | | | | 423,992 | |
| Linde PLC | | | 9,406 | | | | 4,290,547 | |
| LyondellBasell Industries, Cl A | | | 5,452 | | | | 473,506 | |
| Martin Marietta Materials | | | 1,273 | | | | 754,049 | |
| Mosaic | | | 7,530 | | | | 201,503 | |
| Newmont | | | 22,435 | | | | 1,019,446 | |
| Nucor | | | 4,744 | | | | 672,889 | |
| Packaging Corp of America | | | 1,860 | | | | 425,828 | |
| PPG Industries | | | 4,910 | | | | 611,344 | |
| Sherwin-Williams | | | 4,626 | | | | 1,659,670 | |
| Steel Dynamics | | | 2,911 | | | | 379,886 | |
| Vulcan Materials | | | 2,688 | | | | 736,324 | |
| | | | | | | | 19,984,034 | |
| Real Estate — 2.3% | | | | | | | | |
| American Tower † | | | 9,517 | | | | 2,032,260 | |
| AvalonBay Communities † | | | 2,975 | | | | 659,290 | |
| BXP † | | | 3,175 | | | | 255,778 | |
| Camden Property Trust † | | | 2,102 | | | | 243,391 | |
| CBRE Group, Cl A * | | | 6,229 | | | | 815,812 | |
| CoStar Group * | | | 8,099 | | | | 589,526 | |
| Crown Castle † | | | 8,844 | | | | 950,642 | |
| Digital Realty Trust † | | | 6,263 | | | | 1,116,255 | |
| Equinix † | | | 1,944 | | | | 1,765,308 | |
| Equity Residential † | | | 7,016 | | | | 493,716 | |
| Essex Property Trust † | | | 1,305 | | | | 370,437 | |
| Extra Space Storage † | | | 4,501 | | | | 735,013 | |
| Federal Realty Investment Trust † | | | 1,484 | | | | 164,487 | |
| Host Hotels & Resorts † | | | 15,902 | | | | 274,151 | |
The accompanying notes are an integral part of the financial statements.
59
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Catholic Values ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Real Estate — continued | | | | | | | | |
| Invitation Homes † | | | 11,559 | | | $ | 363,068 | |
| Iron Mountain † | | | 5,955 | | | | 736,812 | |
| Kimco Realty † | | | 12,671 | | | | 300,556 | |
| Mid-America Apartment Communities † | | | 2,491 | | | | 376,988 | |
| ProLogis † | | | 18,865 | | | | 2,130,613 | |
| Public Storage † | | | 3,223 | | | | 1,060,560 | |
| Realty Income † | | | 17,404 | | | | 1,033,275 | |
| Regency Centers † | | | 3,377 | | | | 241,253 | |
| SBA Communications, Cl A † | | | 2,182 | | | | 500,704 | |
| Simon Property Group † | | | 6,236 | | | | 1,054,632 | |
| UDR † | | | 6,234 | | | | 263,012 | |
| Welltower † | | | 11,784 | | | | 1,589,426 | |
| Weyerhaeuser † | | | 14,794 | | | | 460,981 | |
| | | | | | | | 20,577,946 | |
| Utilities — 2.6% | | | | | | | | |
| AES | | | 14,362 | | | | 236,829 | |
| Alliant Energy | | | 5,297 | | | | 317,820 | |
| Ameren | | | 5,422 | | | | 472,310 | |
| American Electric Power | | | 10,117 | | | | 999,054 | |
| American Water Works | | | 3,762 | | | | 519,570 | |
| Atmos Energy | | | 2,584 | | | | 358,608 | |
| CenterPoint Energy | | | 11,787 | | | | 348,070 | |
| CMS Energy | | | 6,043 | | | | 420,653 | |
| Consolidated Edison | | | 6,440 | | | | 654,819 | |
| Constellation Energy | | | 5,833 | | | | 1,533,846 | |
| Dominion Energy | | | 16,381 | | | | 975,161 | |
| DTE Energy | | | 4,078 | | | | 506,569 | |
| Duke Energy | | | 14,391 | | | | 1,658,851 | |
| Edison International | | | 7,712 | | | | 635,469 | |
| Entergy | | | 4,145 | | | | 641,563 | |
| Evergy | | | 4,958 | | | | 299,662 | |
| Eversource Energy | | | 7,014 | | | | 461,872 | |
| Exelon | | | 19,673 | | | | 773,149 | |
| FirstEnergy | | | 9,199 | | | | 384,794 | |
| NextEra Energy | | | 38,313 | | | | 3,036,305 | |
| NiSource | | | 7,675 | | | | 269,853 | |
| NRG Energy | | | 3,995 | | | | 361,148 | |
| PG&E | | | 39,217 | | | | 792,968 | |
The accompanying notes are an integral part of the financial statements.
60
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Catholic Values ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Utilities — continued | | | | | | | | |
| Pinnacle West Capital | | | 2,536 | | | $ | 222,686 | |
| PPL | | | 13,722 | | | | 446,788 | |
| Public Service Enterprise Group | | | 9,281 | | | | 829,814 | |
| Sempra | | | 12,204 | | | | 1,017,448 | |
| Southern | | | 20,379 | | | | 1,855,100 | |
| Vistra | | | 6,284 | | | | 785,249 | |
| WEC Energy Group | | | 5,882 | | | | 561,907 | |
| Xcel Energy | | | 10,382 | | | | 693,621 | |
| | | | | | | | 23,071,556 | |
| TOTAL UNITED STATES | | | | | | | 892,358,020 | |
TOTAL COMMON STOCK
(Cost $634,909,848) | | | | | | | 898,426,676 | |
TOTAL INVESTMENTS — 99.9%
(Cost $634,909,848) | | | | | | $ | 898,426,676 | |
Percentages are based on Net Assets of $899,518,711.
| * | Non-income producing security. |
| † | Real Estate Investment Trust |
As of October 31, 2024, all of the Fund’s investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.
See “Glossary” for abbreviations.
The accompanying notes are an integral part of the financial statements.
61
| Schedule of Investments | October 31, 2024 |
| Global X MSCI SuperDividend® EAFE ETF |
| | | | | | | |
| | | Shares | | | Value | |
| COMMON STOCK — 97.2% | | | | | | | | |
| AUSTRALIA — 4.0% | | | | | | | | |
| Real Estate — 2.2% | | | | | | | | |
| Vicinity † | | | 167,519 | | | $ | 239,200 | |
| | | | | | | | | |
| Utilities — 1.8% | | | | | | | | |
| APA Group | | | 41,628 | | | | 190,046 | |
| | | | | | | | | |
| TOTAL AUSTRALIA | | | | | | | 429,246 | |
| AUSTRIA — 1.6% | | | | | | | | |
| Energy — 1.6% | | | | | | | | |
| OMV | | | 4,192 | | | | 173,394 | |
| | | | | | | | | |
| BELGIUM — 2.0% | | | | | | | | |
| Financials — 2.0% | | | | | | | | |
| Ageas | | | 4,236 | | | | 220,191 | |
| | | | | | | | | |
| FINLAND — 1.8% | | | | | | | | |
| Utilities — 1.8% | | | | | | | | |
| Fortum | | | 13,634 | | | | 200,267 | |
| | | | | | | | | |
| FRANCE — 10.1% | | | | | | | | |
| Communication Services — 1.9% | | | | | | | | |
| Orange | | | 18,685 | | | | 204,780 | |
| | | | | | | | | |
| Financials — 3.9% | | | | | | | | |
| AXA | | | 5,928 | | | | 222,161 | |
| Credit Agricole | | | 12,734 | | | | 194,720 | |
| | | | | | | | 416,881 | |
| Real Estate — 2.3% | | | | | | | | |
| Klepierre † | | | 7,917 | | | | 252,351 | |
| Utilities — 2.0% | | | | | | | | |
| Engie | | | 12,914 | | | | 216,119 | |
| | | | | | | | | |
| TOTAL FRANCE | | | | | | | 1,090,131 | |
The accompanying notes are an integral part of the financial statements.
62
| Schedule of Investments | October 31, 2024 |
| Global X MSCI SuperDividend® EAFE ETF |
| | | | | | | |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| GERMANY — 3.5% | | | | | | | | |
| Consumer Discretionary — 1.7% | | | | | | | | |
| Mercedes-Benz Group | | | 3,010 | | | $ | 182,016 | |
| | | | | | | | | |
| Materials — 1.8% | | | | | | | | |
| BASF | | | 4,105 | | | | 198,964 | |
| | | | | | | | | |
| TOTAL GERMANY | | | | | | | 380,980 | |
| HONG KONG — 12.9% | | | | | | | | |
| Communication Services — 2.1% | | | | | | | | |
| HKT Trust & HKT | | | 187,920 | | | | 233,498 | |
| | | | | | | | | |
| Real Estate — 6.2% | | | | | | | | |
| Henderson Land Development | | | 63,533 | | | | 204,710 | |
| Hongkong Land Holdings | | | 63,600 | | | | 274,116 | |
| Sino Land | | | 189,800 | | | | 189,937 | |
| | | | | | | | 668,763 | |
| Utilities — 4.6% | | | | | | | | |
| CK Infrastructure Holdings | | | 36,200 | | | | 256,097 | |
| Power Assets Holdings | | | 36,173 | | | | 240,784 | |
| | | | | | | | 496,881 | |
| TOTAL HONG KONG | | | | | | | 1,399,142 | |
| ITALY — 10.3% | | | | | | | | |
| Financials — 8.3% | | | | | | | | |
| Banco BPM | | | 30,459 | | | | 204,888 | |
| Generali | | | 8,595 | | | | 238,410 | |
| Mediobanca Banca di Credito Finanziario | | | 13,802 | | | | 227,309 | |
| Poste Italiane | | | 16,295 | | | | 228,916 | |
| | | | | | | | 899,523 | |
| Utilities — 2.0% | | | | | | | | |
| Snam | | | 45,080 | | | | 216,221 | |
| | | | | | | | | |
| TOTAL ITALY | | | | | | | 1,115,744 | |
The accompanying notes are an integral part of the financial statements.
63
| Schedule of Investments | October 31, 2024 |
| Global X MSCI SuperDividend® EAFE ETF |
| | | | | | | |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| JAPAN — 4.1% | | | | | | | | |
| Communication Services — 2.1% | | | | | | | | |
| SoftBank | | | 179,450 | | | $ | 227,133 | |
| | | | | | | | | |
| Financials — 2.0% | | | | | | | | |
| Japan Post Holdings | | | 23,529 | | | | 218,955 | |
| | | | | | | | | |
| TOTAL JAPAN | | | | | | | 446,088 | |
| NETHERLANDS — 3.9% | | | | | | | | |
| Financials — 3.9% | | | | | | | | |
| ABN AMRO Bank | | | 12,777 | | | | 210,705 | |
| NN Group | | | 4,402 | | | | 215,964 | |
| | | | | | | | | |
| TOTAL NETHERLANDS | | | | | | | 426,669 | |
| NEW ZEALAND — 1.4% | | | | | | | | |
| Communication Services — 1.4% | | | | | | | | |
| Spark New Zealand | | | 85,450 | | | | 147,990 | |
| | | | | | | | | |
| NORWAY — 7.7% | | | | | | | | |
| Communication Services — 2.1% | | | | | | | | |
| Telenor | | | 18,278 | | | | 223,868 | |
| | | | | | | | | |
| Energy — 3.4% | | | | | | | | |
| Aker BP | | | 8,787 | | | | 186,886 | |
| Equinor | | | 7,646 | | | | 183,033 | |
| | | | | | | | 369,919 | |
| Financials — 2.2% | | | | | | | | |
| DNB Bank | | | 11,617 | | | | 239,283 | |
| | | | | | | | | |
| TOTAL NORWAY | | | | | | | 833,070 | |
| PORTUGAL — 2.0% | | | | | | | | |
| Utilities — 2.0% | | | | | | | | |
| EDP | | | 53,942 | | | | 211,526 | |
The accompanying notes are an integral part of the financial statements.
64
| Schedule of Investments | October 31, 2024 |
| Global X MSCI SuperDividend® EAFE ETF |
| | | | | | | |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| SINGAPORE — 2.2% | | | | | | | | |
| Industrials — 2.2% | | | | | | | | |
| Singapore Airlines | | | 48,200 | | | $ | 235,371 | |
| | | | | | | | | |
| SPAIN — 6.6% | | | | | | | | |
| Communication Services — 2.1% | | | | | | | | |
| Telefonica | | | 47,681 | | | | 223,313 | |
| | | | | | | | | |
| Financials — 2.2% | | | | | | | | |
| CaixaBank | | | 39,859 | | | | 241,895 | |
| | | | | | | | | |
| Industrials — 2.3% | | | | | | | | |
| ACS Actividades de Construccion y Servicios | | | 5,290 | | | | 252,695 | |
| | | | | | | | | |
| TOTAL SPAIN | | | | | | | 717,903 | |
| SWITZERLAND — 3.9% | | | | | | | | |
| Financials — 2.3% | | | | | | | | |
| Zurich Insurance Group | | | 424 | | | | 250,468 | |
| | | | | | | | | |
| Industrials — 1.6% | | | | | | | | |
| Adecco Group | | | 5,554 | | | | 173,807 | |
| | | | | | | | | |
| TOTAL SWITZERLAND | | | | | | | 424,275 | |
| UNITED KINGDOM — 18.0% | | | | | | | | |
| Communication Services — 2.0% | | | | | | | | |
| Vodafone Group PLC | | | 229,087 | | | | 212,116 | |
| | | | | | | | | |
| Consumer Discretionary — 2.0% | | | | | | | | |
| Taylor Wimpey | | | 117,201 | | | | 220,443 | |
| | | | | | | | | |
| Consumer Staples — 4.7% | | | | | | | | |
| British American Tobacco PLC | | | 6,963 | | | | 241,255 | |
| Imperial Brands | | | 8,854 | | | | 266,023 | |
| | | | | | | | 507,278 | |
| Financials — 7.5% | | | | | | | | |
| Aviva PLC | | | 34,739 | | | | 202,363 | |
| Legal & General Group PLC | | | 67,962 | | | | 189,691 | |
| M&G PLC | | | 84,000 | | | | 209,455 | |
The accompanying notes are an integral part of the financial statements.
65
| Schedule of Investments | October 31, 2024 |
| Global X MSCI SuperDividend® EAFE ETF |
| | | | | | | |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| Phoenix Group Holdings PLC | | | 33,726 | | | $ | 212,983 | |
| | | | | | | | 814,492 | |
| Utilities — 1.8% | | | | | | | | |
| National Grid PLC | | | 15,210 | | | | 190,893 | |
| | | | | | | | | |
| TOTAL UNITED KINGDOM | | | | | | | 1,945,222 | |
| UNITED STATES — 1.2% | | | | | | | | |
| Consumer Discretionary — 1.2% | | | | | | | | |
| Stellantis | | | 9,831 | | | | 134,437 | |
| | | | | | | | | |
TOTAL COMMON STOCK
(Cost $10,590,546) | | | | | | | 10,531,646 | |
| | | | | | | | | |
| PREFERRED STOCK — 1.5% | | | | | | | | |
| GERMANY— 1.5% | | | | | | | | |
| Consumer Discretionary — 1.5% | | | | | | | | |
| Volkswagen (A) | | | 1,685 | | | | 162,699 | |
TOTAL PREFERRED STOCK
(Cost $203,702) | | | | | | | 162,699 | |
TOTAL INVESTMENTS — 98.7%
(Cost $10,794,248) | | | | | | $ | 10,694,345 | |
Percentages are based on Net Assets of $10,831,075.
| † | Real Estate Investment Trust |
| (A) | There is currently no stated interest rate. |
The accompanying notes are an integral part of the financial statements.
66
| Schedule of Investments | October 31, 2024 |
| Global X MSCI SuperDividend® EAFE ETF |
The following is a summary of the level of inputs used as of October 31, 2024, in valuing the Fund’s investments carried at value:
| Investments in Securities | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Common Stock | | $ | 10,022,159 | | | $ | 509,487 | | | $ | — | | | $ | 10,531,646 | |
| Preferred Stock | | | 162,699 | | | | — | | | | — | | | | 162,699 | |
| Total Investments in Securities | | $ | 10,184,858 | | | $ | 509,487 | | | $ | — | | | $ | 10,694,345 | |
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
The accompanying notes are an integral part of the financial statements.
67
| Schedule of Investments | October 31, 2024 |
| Global X E-commerce ETF |
| | | | | | | |
| | | Shares | | | Value | |
| COMMON STOCK — 99.9% | | | | | | | | |
| AUSTRALIA — 1.3% | | | | | | | | |
| Consumer Discretionary — 1.3% | | | | | | | | |
| Temple & Webster Group * | | | 33,769 | | | $ | 255,471 | |
| Webjet * | | | 152,563 | | | | 402,712 | |
| Webjet Group * | | | 159,823 | | | | 81,130 | |
| | | | | | | | | |
| TOTAL AUSTRALIA | | | | | | | 739,313 | |
| BRAZIL — 4.6% | | | | | | | | |
| Communication Services — 0.3% | | | | | | | | |
| VTEX, Cl A * | | | 22,482 | | | | 151,979 | |
| | | | | | | | | |
| Consumer Discretionary — 4.3% | | | | | | | | |
| MercadoLibre * | | | 1,196 | | | | 2,436,467 | |
| | | | | | | | | |
| TOTAL BRAZIL | | | | | | | 2,588,446 | |
| CANADA — 8.5% | | | | | | | | |
| Industrials — 4.0% | | | | | | | | |
| RB Global | | | 26,178 | | | | 2,218,324 | |
| | | | | | | | | |
| Information Technology — 4.5% | | | | | | | | |
| Shopify, Cl A * | | | 32,503 | | | | 2,542,059 | |
| | | | | | | | | |
| TOTAL CANADA | | | | | | | 4,760,383 | |
| CHINA — 27.5% | | | | | | | | |
| Communication Services — 3.2% | | | | | | | | |
| NetEase ADR | | | 22,291 | | | | 1,794,648 | |
| | | | | | | | | |
| Consumer Discretionary — 22.3% | | | | | | | | |
| Alibaba Group Holding ADR | | | 26,788 | | | | 2,624,688 | |
| JD.com ADR | | | 78,413 | | | | 3,185,136 | |
| PDD Holdings ADR * | | | 15,143 | | | | 1,826,095 | |
| Trip.com Group ADR * | | | 43,730 | | | | 2,816,212 | |
| Vipshop Holdings ADR | | | 144,237 | | | | 2,082,782 | |
| | | | | | | | 12,534,913 | |
| Consumer Staples — 2.0% | | | | | | | | |
| Alibaba Health Information Technology * (A) | | | 2,246,400 | | | | 1,135,567 | |
| | | | | | | | | |
| TOTAL CHINA | | | | | | | 15,465,128 | |
The accompanying notes are an integral part of the financial statements.
68
| Schedule of Investments | October 31, 2024 |
| Global X E-commerce ETF |
| | | | | | | |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| GERMANY — 0.3% | | | | | | | | |
| Consumer Discretionary — 0.3% | | | | | | | | |
| Jumia Technologies ADR * | | | 40,042 | | | $ | 184,193 | |
| | | | | | | | | |
| HONG KONG — 0.3% | | | | | | | | |
| Consumer Discretionary — 0.3% | | | | | | | | |
| GigaCloud Technology, Cl A * (A) | | | 8,869 | | | | 201,947 | |
| | | | | | | | | |
| ISRAEL — 2.6% | | | | | | | | |
| Consumer Discretionary — 2.6% | | | | | | | | |
| Global-e Online, Cl E * | | | 38,462 | | | | 1,478,479 | |
| | | | | | | | | |
| JAPAN — 4.1% | | | | | | | | |
| Consumer Discretionary — 3.9% | | | | | | | | |
| Rakuten Group * (A) | | | 361,386 | | | | 2,189,075 | |
| | | | | | | | | |
| Information Technology — 0.2% | | | | | | | | |
| BASE * | | | 89,879 | | | | 141,022 | |
| | | | | | | | | |
| TOTAL JAPAN | | | | | | | 2,330,097 | |
| SINGAPORE — 4.9% | | | | | | | | |
| Communication Services — 4.9% | | | | | | | | |
| Sea ADR * | | | 29,076 | | | | 2,734,598 | |
| | | | | | | | | |
| UNITED KINGDOM — 0.3% | | | | | | | | |
| Consumer Discretionary — 0.3% | | | | | | | | |
| ASOS * (A) | | | 32,162 | | | | 147,781 | |
| | | | | | | | | |
| UNITED STATES — 45.5% | | | | | | | | |
| Communication Services — 2.2% | | | | | | | | |
| Angi, Cl A * | | | 77,255 | | | | 183,867 | |
| Shutterstock | | | 10,848 | | | | 348,112 | |
| TripAdvisor * | | | 43,791 | | | | 702,408 | |
| | | | | | | | 1,234,387 | |
| Consumer Discretionary — 32.4% | | | | | | | | |
| Amazon.com * | | | 10,847 | | | | 2,021,881 | |
The accompanying notes are an integral part of the financial statements.
69
| Schedule of Investments | October 31, 2024 |
| Global X E-commerce ETF |
| | | | | | | |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Discretionary — continued | | | | | | | | |
| Beyond * | | | 20,582 | | | $ | 131,931 | |
| Booking Holdings | | | 515 | | | | 2,408,269 | |
| Carvana, Cl A * | | | 14,705 | | | | 3,636,693 | |
| eBay | | | 38,896 | | | | 2,236,909 | |
| Etsy * | | | 33,940 | | | | 1,745,873 | |
| Expedia Group * | | | 15,767 | | | | 2,464,540 | |
| Groupon, Cl A * (A) | | | 9,225 | | | | 94,648 | |
| Qurate Retail, Cl A * | | | 199,992 | | | | 106,876 | |
| Wayfair, Cl A * (A) | | | 37,224 | | | | 1,594,304 | |
| Williams-Sonoma | | | 13,469 | | | | 1,806,597 | |
| | | | | | | | 18,248,521 | |
| Financials — 0.5% | | | | | | | | |
| LendingTree * | | | 5,120 | | | | 291,994 | |
| | | | | | | | | |
| Industrials — 2.3% | | | | | | | | |
| ACV Auctions, Cl A * | | | 62,899 | | | | 1,087,524 | |
| Liquidity Services * | | | 9,493 | | | | 204,859 | |
| | | | | | | | 1,292,383 | |
| Information Technology — 4.5% | | | | | | | | |
| BigCommerce Holdings * | | | 26,858 | | | | 140,736 | |
| GoDaddy, Cl A * | | | 14,232 | | | | 2,373,897 | |
| | | | | | | | 2,514,633 | |
| Real Estate — 3.6% | | | | | | | | |
| CoStar Group * | | | 27,464 | | | | 1,999,104 | |
| | | | | | | | | |
| TOTAL UNITED STATES | | | | | | | 25,581,022 | |
TOTAL COMMON STOCK
(Cost $61,097,446) | | | | | | | 56,211,387 | |
The accompanying notes are an integral part of the financial statements.
70
| Schedule of Investments | October 31, 2024 |
| Global X E-commerce ETF |
| | | | | | | |
| | | Face Amount | | | Value | |
| REPURCHASE AGREEMENTS(B) — 6.8% | | | | | | | | |
Citigroup Global Markets, Inc.
4.860%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $895,188 (collateralized by various U.S. Government Obligations, ranging in par value $131 - $229,043, 2.000% - 7.964%, 02/01/2036 - 08/20/2067, with a total market value of $909,355) | | $ | 895,067 | | | $ | 895,067 | |
Daiwa Capital Markets America, Inc.
4.890%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $228,559 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $19 - $44,653, 0.625% - 7.500%, 05/15/2025 - 11/01/2054, with a total market value of $231,914) | | | 228,528 | | | | 228,528 | |
Deutsche Bank Securities, Inc.
4.850%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $895,188 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $213,227 - $731,070, 2.875% - 4.500%, 05/15/2027 - 05/15/2052, with a total market value of $895,045) | | | 895,067 | | | | 895,067 | |
HSBC Securities USA, Inc.
4.860%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $895,188 (collateralized by various U.S. Government Obligations, ranging in par value $179 - $464,003, 2.000% - 7.500%, 05/01/2028 - 10/01/2054, with a total market value of $909,662) | | | 895,067 | | | | 895,067 | |
The accompanying notes are an integral part of the financial statements.
71
| Schedule of Investments | October 31, 2024 |
| Global X E-commerce ETF |
| | | | | | | |
| | | Face Amount | | | Value | |
| REPURCHASE AGREEMENTS(B) — continued | | | | | | | | |
Nomura Securities International, Inc.
4.850%, dated 10/31/2024, to be repurchased on 11/01/2024, repurchase price $895,188 (collateralized by various U.S. Government Obligations, ranging in par value $488 - $451,630, 2.500% - 6.980%, 07/01/2034 - 06/15/2059, with a total market value of $909,860) | | $ | 895,067 | | | $ | 895,067 | |
TOTAL REPURCHASE AGREEMENTS
(Cost $3,808,796) | | | | | | | 3,808,796 | |
TOTAL INVESTMENTS — 106.7%
(Cost $64,906,242) | | | | | | $ | 60,020,183 | |
Percentages are based on Net Assets of $56,231,483.
| * | Non-income producing security. |
| (A) | This security or a partial position of this security is on loan at October 31, 2024. The total market value of securities on loan at October 31, 2024 was $3,706,230. |
| (B) | These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2024 was $3,808,796. The total value of non-cash collateral held from securities on loan as of October 31, 2024 was $92,036. |
The following is a summary of the level of inputs used as of October 31, 2024, in valuing the Fund’s investments carried at value:
| Investments in Securities | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Common Stock | | $ | 56,211,387 | | | $ | — | | | $ | — | | | $ | 56,211,387 | |
| Repurchase Agreements | | | — | | | | 3,808,796 | | | | — | | | | 3,808,796 | |
| Total Investments in Securities | | $ | 56,211,387 | | | $ | 3,808,796 | | | $ | — | | | $ | 60,020,183 | |
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
The accompanying notes are an integral part of the financial statements.
72
| Schedule of Investments | October 31, 2024 |
| Global X S&P Catholic Values Developed ex-US ETF |
| | | Shares | | | Value | |
| COMMON STOCK — 99.3% | | | | | | | | |
| AUSTRALIA — 8.4% | | | | | | | | |
| Communication Services — 0.1% | | | | | | | | |
| REA Group | | | 44 | | | $ | 6,540 | |
| Telstra Group | | | 3,444 | | | | 8,617 | |
| | | | | | | | 15,157 | |
| Consumer Discretionary — 0.4% | | | | | | | | |
| Wesfarmers | | | 1,139 | | | | 50,194 | |
| | | | | | | | | |
| Consumer Staples — 0.4% | | | | | | | | |
| Coles Group | | | 1,925 | | | | 22,179 | |
| Woolworths Group | | | 1,757 | | | | 34,479 | |
| | | | | | | | 56,658 | |
| Energy — 0.3% | | | | | | | | |
| Santos | | | 2,818 | | | | 12,514 | |
| Woodside Energy Group | | | 1,658 | | | | 25,825 | |
| | | | | | | | 38,339 | |
| Financials — 3.2% | | | | | | | | |
| ANZ Group Holdings | | | 2,635 | | | | 53,762 | |
| ASX | | | 162 | | | | 6,899 | |
| Commonwealth Bank of Australia | | | 1,472 | | | | 137,634 | |
| Macquarie Group | | | 314 | | | | 47,615 | |
| National Australia Bank | | | 2,726 | | | | 69,278 | |
| QBE Insurance Group | | | 1,311 | | | | 14,778 | |
| Suncorp Group | | | 1,103 | | | | 12,947 | |
| Westpac Banking | | | 3,028 | | | | 63,705 | |
| | | | | | | | 406,618 | |
| Health Care — 0.7% | | | | | | | | |
| Cochlear | | | 255 | | | | 47,305 | |
| EBOS Group | | | 641 | | | | 13,924 | |
| Sonic Healthcare | | | 1,883 | | | | 33,215 | |
| | | | | | | | 94,444 | |
| Industrials — 0.5% | | | | | | | | |
| Brambles | | | 1,564 | | | | 18,808 | |
| Computershare | | | 634 | | | | 10,955 | |
The accompanying notes are an integral part of the financial statements.
73
| Schedule of Investments | October 31, 2024 |
| Global X S&P Catholic Values Developed ex-US ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| Transurban Group | | | 3,569 | | | $ | 29,712 | |
| | | | | | | | 59,475 | |
| Information Technology — 0.1% | | | | | | | | |
| WiseTech Global | | | 171 | | | | 13,248 | |
| | | | | | | | | |
| Materials — 2.3% | | | | | | | | |
| BHP Group | | | 4,583 | | | | 127,999 | |
| Fortescue | | | 1,547 | | | | 19,425 | |
| Glencore | | | 8,926 | | | | 46,626 | |
| Rio Tinto | | | 334 | | | | 26,101 | |
| Rio Tinto | | | 958 | | | | 61,779 | |
| South32 | | | 4,083 | | | | 9,842 | |
| | | | | | | | 291,772 | |
| Real Estate — 0.4% | | | | | | | | |
| Goodman Group † | | | 1,525 | | | | 36,599 | |
| Scentre Group † | | | 4,533 | | | | 10,421 | |
| | | | | | | | 47,020 | |
| TOTAL AUSTRALIA | | | | | | | 1,072,925 | |
| AUSTRIA — 0.3% | | | | | | | | |
| Communication Services — 0.0% | | | | | | | | |
| Telekom Austria, Cl A | | | 115 | | | | 953 | |
| | | | | | | | | |
| Energy — 0.0% | | | | | | | | |
| OMV | | | 122 | | | | 5,046 | |
| | | | | | | | | |
| Financials — 0.2% | | | | | | | | |
| Erste Group Bank | | | 291 | | | | 16,346 | |
| Raiffeisen Bank International | | | 120 | | | | 2,148 | |
| | | | | | | | 18,494 | |
| Industrials — 0.0% | | | | | | | | |
| ANDRITZ | | | 78 | | | | 4,687 | |
| Strabag | | | 21 | | | | 827 | |
| | | | | | | | 5,514 | |
The accompanying notes are an integral part of the financial statements.
74
| Schedule of Investments | October 31, 2024 |
| Global X S&P Catholic Values Developed ex-US ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Materials — 0.0% | | | | | | | | |
| voestalpine | | | 96 | | | $ | 1,985 | |
| | | | | | | | | |
| Utilities — 0.1% | | | | | | | | |
| EVN | | | 29 | | | | 805 | |
| Verbund | | | 80 | | | | 6,531 | |
| | | | | | | | 7,336 | |
| TOTAL AUSTRIA | | | | | | | 39,328 | |
| BELGIUM — 1.5% | | | | | | | | |
| Consumer Staples — 0.6% | | | | | | | | |
| Anheuser-Busch InBev | | | 1,296 | | | | 77,357 | |
| | | | | | | | | |
| Financials — 0.2% | | | | | | | | |
| Groupe Bruxelles Lambert | | | 74 | | | | 5,318 | |
| KBC Group | | | 233 | | | | 16,867 | |
| | | | | | | | 22,185 | |
| Health Care — 0.7% | | | | | | | | |
| UCB | | | 476 | | | | 91,365 | |
| | | | | | | | | |
| TOTAL BELGIUM | | | | | | | 190,907 | |
| BRAZIL — 0.0% | | | | | | | | |
| Materials — 0.0% | | | | | | | | |
| Yara International | | | 135 | | | | 4,049 | |
| | | | | | | | | |
| CHINA — 0.7% | | | | | | | | |
| Consumer Discretionary — 0.5% | | | | | | | | |
| Chow Tai Fook Jewellery Group | | | 2,800 | | | | 2,651 | |
| Prosus | | | 1,395 | | | | 58,678 | |
| | | | | | | | 61,329 | |
| Consumer Staples — 0.1% | | | | | | | | |
| Budweiser Brewing APAC | | | 2,700 | | | | 2,816 | |
| Wilmar International | | | 3,812 | | | | 9,221 | |
| | | | | | | | 12,037 | |
The accompanying notes are an integral part of the financial statements.
75
| Schedule of Investments | October 31, 2024 |
| Global X S&P Catholic Values Developed ex-US ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — 0.1% | | | | | | | | |
| BOC Hong Kong Holdings | | | 3,300 | | | $ | 10,782 | |
| | | | | | | | | |
| TOTAL CHINA | | | | | | | 84,148 | |
| DENMARK — 1.1% | | | | | | | | |
| Health Care — 0.5% | | | | | | | | |
| Coloplast, Cl B | | | 487 | | | | 60,624 | |
| | | | | | | | | |
| Industrials — 0.6% | | | | | | | | |
| AP Moller - Maersk, Cl A | | | 3 | | | | 4,554 | |
| AP Moller - Maersk, Cl B | | | 5 | | | | 7,860 | |
| DSV | | | 201 | | | | 43,609 | |
| Vestas Wind Systems * | | | 1,146 | | | | 21,536 | |
| | | | | | | | 77,559 | |
| Utilities — 0.0% | | | | | | | | |
| Orsted * | | | 162 | | | | 9,449 | |
| | | | | | | | | |
| TOTAL DENMARK | | | | | | | 147,632 | |
| FINLAND — 0.9% | | | | | | | | |
| Energy — 0.1% | | | | | | | | |
| Neste | | | 360 | | | | 5,738 | |
| | | | | | | | | |
| Financials — 0.4% | | | | | | | | |
| Nordea Bank Abp | | | 3,092 | | | | 36,034 | |
| Sampo, Cl A | | | 456 | | | | 20,149 | |
| | | | | | | | 56,183 | |
| Industrials — 0.2% | | | | | | | | |
| Kone, Cl B | | | 455 | | | | 24,827 | |
| | | | | | | | | |
| Information Technology — 0.2% | | | | | | | | |
| Nokia | | | 4,875 | | | | 22,890 | |
| | | | | | | | | |
| TOTAL FINLAND | | | | | | | 109,638 | |
| FRANCE — 9.7% | | | | | | | | |
| Consumer Discretionary — 2.1% | | | | | | | | |
| Christian Dior | | | 3 | | | | 1,848 | |
| Hermes International SCA | | | 34 | | | | 76,556 | |
The accompanying notes are an integral part of the financial statements.
76
| Schedule of Investments | October 31, 2024 |
| Global X S&P Catholic Values Developed ex-US ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Discretionary — continued | | | | | | | | |
| Kering | | | 72 | | | $ | 17,888 | |
| LVMH Moet Hennessy Louis Vuitton | | | 256 | | | | 169,479 | |
| | | | | | | | 265,771 | |
| Consumer Staples — 1.8% | | | | | | | | |
| Danone | | | 908 | | | | 64,765 | |
| L’Oreal | | | 330 | | | | 123,332 | |
| Pernod Ricard | | | 284 | | | | 35,226 | |
| | | | | | | | 223,323 | |
| Energy — 1.0% | | | | | | | | |
| TotalEnergies | | | 1,952 | | | | 121,641 | |
| | | | | | | | | |
| Financials — 1.0% | | | | | | | | |
| AXA | | | 1,522 | | | | 57,039 | |
| BNP Paribas | | | 888 | | | | 60,495 | |
| Credit Agricole | | | 873 | | | | 13,349 | |
| | | | | | | | 130,883 | |
| Health Care — 2.1% | | | | | | | | |
| EssilorLuxottica | | | 1,133 | | | | 264,950 | |
| | | | | | | | | |
| Industrials — 0.5% | | | | | | | | |
| Vinci | | | 587 | | | | 65,448 | |
| | | | | | | | | |
| Information Technology — 0.3% | | | | | | | | |
| Capgemini | | | 143 | | | | 24,715 | |
| Dassault Systemes | | | 593 | | | | 20,254 | |
| | | | | | | | 44,969 | |
| Materials — 0.7% | | | | | | | | |
| Air Liquide | | | 524 | | | | 93,672 | |
| | | | | | | | | |
| Utilities — 0.2% | | | | | | | | |
| Engie | | | 1,588 | | | | 26,576 | |
| | | | | | | | | |
| TOTAL FRANCE | | | | | | | 1,237,233 | |
The accompanying notes are an integral part of the financial statements.
77
| Schedule of Investments | October 31, 2024 |
| Global X S&P Catholic Values Developed ex-US ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| GERMANY — 8.3% | | | | | | | | |
| Communication Services — 0.7% | | | | | | | | |
| Deutsche Telekom | | | 3,047 | | | $ | 92,028 | |
| | | | | | | | | |
| Consumer Discretionary — 0.9% | | | | | | | | |
| adidas | | | 166 | | | | 39,539 | |
| Bayerische Motoren Werke | | | 284 | | | | 22,298 | |
| Mercedes-Benz Group | | | 773 | | | | 46,744 | |
| Volkswagen | | | 32 | | | | 3,179 | |
| | | | | | | | 111,760 | |
| Consumer Staples — 0.1% | | | | | | | | |
| Henkel & KGaA | | | 135 | | | | 10,508 | |
| | | | | | | | | |
| Financials — 1.6% | | | | | | | | |
| Allianz | | | 345 | | | | 108,394 | |
| Deutsche Boerse | | | 167 | | | | 38,744 | |
| Muenchener Rueckversicherungs-Gesellschaft in Muenchen | | | 118 | | | | 60,236 | |
| | | | | | | | 207,374 | |
| Health Care — 0.4% | | | | | | | | |
| Siemens Healthineers | | | 1,103 | | | | 57,442 | |
| | | | | | | | | |
| Industrials — 1.9% | | | | | | | | |
| Daimler Truck Holding | | | 599 | | | | 24,718 | |
| Deutsche Post | | | 1,069 | | | | 42,859 | |
| Hapag-Lloyd | | | 10 | | | | 1,757 | |
| Siemens | | | 865 | | | | 167,533 | |
| | | | | | | | 236,867 | |
| Information Technology — 2.0% | | | | | | | | |
| Infineon Technologies | | | 1,198 | | | | 37,750 | |
| SAP | | | 939 | | | | 218,972 | |
| | | | | | | | 256,722 | |
| Materials — 0.3% | | | | | | | | |
| BASF | | | 808 | | | | 39,163 | |
The accompanying notes are an integral part of the financial statements.
78
| Schedule of Investments | October 31, 2024 |
| Global X S&P Catholic Values Developed ex-US ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Utilities — 0.4% | | | | | | | | |
| E.ON | | | 2,018 | | | $ | 27,199 | |
| RWE | | | 599 | | | | 19,360 | |
| Uniper * | | | 4 | | | | 194 | |
| | | | | | | | 46,753 | |
| TOTAL GERMANY | | | | | | | 1,058,617 | |
| HONG KONG — 1.9% | | | | | | | | |
| Financials — 1.2% | | | | | | | | |
| AIA Group | | | 9,765 | | | | 77,184 | |
| Hang Seng Bank | | | 612 | | | | 7,486 | |
| Hong Kong Exchanges & Clearing | | | 1,044 | | | | 41,736 | |
| Prudential | | | 2,450 | | | | 20,304 | |
| | | | | | | | 146,710 | |
| Industrials — 0.2% | | | | | | | | |
| MTR | | | 1,800 | | | | 6,552 | |
| Techtronic Industries | | | 1,463 | | | | 21,114 | |
| | | | | | | | 27,666 | |
| Real Estate — 0.3% | | | | | | | | |
| CK Asset Holdings | | | 1,500 | | | | 6,145 | |
| Henderson Land Development | | | 1,150 | | | | 3,706 | |
| Link REIT † | | | 2,248 | | | | 10,482 | |
| Sun Hung Kai Properties | | | 1,340 | | | | 14,504 | |
| Wharf Real Estate Investment | | | 1,350 | | | | 4,046 | |
| | | | | | | | 38,883 | |
| Utilities — 0.2% | | | | | | | | |
| CK Infrastructure Holdings | | | 550 | | | | 3,891 | |
| CLP Holdings | | | 1,466 | | | | 12,455 | |
| Hong Kong & China Gas | | | 9,310 | | | | 7,221 | |
| | | | | | | | 23,567 | |
| TOTAL HONG KONG | | | | | | | 236,826 | |
| ISRAEL — 0.8% | | | | | | | | |
| Communication Services — 0.0% | | | | | | | | |
| Bezeq The Israeli Telecommunication | | | 1,631 | | | | 2,092 | |
The accompanying notes are an integral part of the financial statements.
79
| Schedule of Investments | October 31, 2024 |
| Global X S&P Catholic Values Developed ex-US ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Discretionary — 0.0% | | | | | | | | |
| Global-e Online, Cl E * | | | 90 | | | $ | 3,459 | |
| | | | | | | | | |
| Consumer Staples — 0.0% | | | | | | | | |
| Strauss Group | | | 79 | | | | 1,333 | |
| | | | | | | | | |
| Energy — 0.0% | | | | | | | | |
| Delek Group | | | 8 | | | | 945 | |
| | | | | | | | | |
| Financials — 0.3% | | | | | | | | |
| Bank Hapoalim | | | 1,179 | | | | 12,310 | |
| Bank Leumi Le-Israel | | | 1,326 | | | | 13,501 | |
| First International Bank of Israel | | | 43 | | | | 1,912 | |
| Israel Discount Bank, Cl A | | | 1,002 | | | | 5,901 | |
| Mizrahi Tefahot Bank | | | 120 | | | | 4,959 | |
| Phoenix Financial | | | 145 | | | | 1,680 | |
| | | | | | | | 40,263 | |
| Industrials — 0.0% | | | | | | | | |
| Shapir Engineering and Industry * | | | 141 | | | | 927 | |
| | | | | | | | | |
| Information Technology — 0.4% | | | | | | | | |
| Check Point Software Technologies * | | | 81 | | | | 14,030 | |
| JFrog * | | | 76 | | | | 2,218 | |
| Nice * | | | 55 | | | | 9,705 | |
| Nova * | | | 30 | | | | 5,630 | |
| Tower Semiconductor * | | | 101 | | | | 4,241 | |
| Wix.com * | | | 48 | | | | 8,022 | |
| | | | | | | | 43,846 | |
| Real Estate — 0.1% | | | | | | | | |
| Airport City * | | | 78 | | | | 1,189 | |
| Amot Investments | | | 175 | | | | 853 | |
| Azrieli Group | | | 33 | | | | 2,527 | |
| Big Shopping Centers * | | | 14 | | | | 1,680 | |
| Melisron | | | 25 | | | | 1,988 | |
| Mivne Real Estate KD | | | 371 | | | | 1,015 | |
| | | | | | | | 9,252 | |
| TOTAL ISRAEL | | | | | | | 102,117 | |
The accompanying notes are an integral part of the financial statements.
80
| Schedule of Investments | October 31, 2024 |
| Global X S&P Catholic Values Developed ex-US ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| ITALY — 2.5% | | | | | | | | |
| Consumer Discretionary — 0.5% | | | | | | | | |
| Ferrari | | | 111 | | | $ | 52,999 | |
| PRADA | | | 500 | | | | 3,830 | |
| | | | | | | | 56,829 | |
| Consumer Staples — 0.0% | | | | | | | | |
| Davide Campari-Milano | | | 820 | | | | 5,500 | |
| | | | | | | | | |
| Energy — 0.2% | | | | | | | | |
| Eni | | | 1,892 | | | | 28,781 | |
| | | | | | | | | |
| Financials — 1.2% | | | | | | | | |
| Generali | | | 966 | | | | 26,795 | |
| Intesa Sanpaolo | | | 14,036 | | | | 59,993 | |
| UniCredit | | | 1,438 | | | | 63,508 | |
| | | | | | | | 150,296 | |
| Utilities — 0.6% | | | | | | | | |
| Enel | | | 6,941 | | | | 52,522 | |
| Snam | | | 1,844 | | | | 8,844 | |
| Terna - Rete Elettrica Nazionale | | | 1,255 | | | | 10,851 | |
| | | | | | | | 72,217 | |
| TOTAL ITALY | | | | | | | 313,623 | |
| JAPAN — 26.7% | | | | | | | | |
| Communication Services — 1.9% | | | | | | | | |
| Capcom | | | 311 | | | | 6,252 | |
| Dentsu Group | | | 210 | | | | 6,526 | |
| KDDI | | | 1,247 | | | | 39,115 | |
| Konami Group | | | 91 | | | | 8,417 | |
| LY | | | 2,335 | | | | 6,429 | |
| Nexon | | | 369 | | | | 6,491 | |
| Nintendo | | | 1,024 | | | | 54,755 | |
| Nippon Telegraph & Telephone | | | 25,694 | | | | 24,914 | |
| SoftBank | | | 24,340 | | | | 30,808 | |
| SoftBank Group | | | 903 | | | | 56,305 | |
| Toho | | | 122 | | | | 4,667 | |
| | | | | | | | 244,679 | |
The accompanying notes are an integral part of the financial statements.
81
| Schedule of Investments | October 31, 2024 |
| Global X S&P Catholic Values Developed ex-US ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Discretionary — 4.5% | | | | | | | | |
| Aisin | | | 651 | | | $ | 6,849 | |
| Bandai Namco Holdings | | | 686 | | | | 14,510 | |
| Bridgestone | | | 608 | | | | 21,901 | |
| Denso | | | 2,086 | | | | 30,361 | |
| Fast Retailing | | | 207 | | | | 67,295 | |
| Honda Motor | | | 4,835 | | | | 49,437 | |
| Isuzu Motors | | | 573 | | | | 7,510 | |
| Nissan Motor | | | 2,113 | | | | 5,704 | |
| Nitori Holdings | | | 86 | | | | 10,868 | |
| Oriental Land | | | 1,202 | | | | 29,236 | |
| Pan Pacific International Holdings | | | 535 | | | | 13,445 | |
| Panasonic Holdings | | | 2,274 | | | | 18,482 | |
| Rakuten Group * | | | 1,417 | | | | 8,583 | |
| Sekisui House | | | 650 | | | | 15,857 | |
| Shimano | | | 80 | | | | 11,956 | |
| Subaru | | | 603 | | | | 11,011 | |
| Sumitomo Electric Industries | | | 800 | | | | 12,513 | |
| Suzuki Motor | | | 1,966 | | | | 19,908 | |
| Toyota Motor | | | 12,370 | | | | 217,840 | |
| | | | | | | | 573,266 | |
| Consumer Staples — 1.8% | | | | | | | | |
| Aeon | | | 1,277 | | | | 31,354 | |
| Asahi Group Holdings | | | 2,206 | | | | 26,640 | |
| Kao | | | 684 | | | | 30,445 | |
| Kirin Holdings | | | 1,154 | | | | 17,031 | |
| Kobe Bussan | | | 198 | | | | 4,835 | |
| MEIJI Holdings | | | 381 | | | | 8,879 | |
| Nissin Foods Holdings | | | 350 | | | | 9,467 | |
| Seven & i Holdings | | | 3,471 | | | | 50,108 | |
| Shiseido | | | 607 | | | | 13,389 | |
| Suntory Beverage & Food | | | 168 | | | | 5,697 | |
| Unicharm | | | 600 | | | | 19,344 | |
| Yakult Honsha | | | 419 | | | | 9,127 | |
| | | | | | | | 226,316 | |
| Energy — 0.2% | | | | | | | | |
| ENEOS Holdings | | | 2,674 | | | | 13,630 | |
The accompanying notes are an integral part of the financial statements.
82
| Schedule of Investments | October 31, 2024 |
| Global X S&P Catholic Values Developed ex-US ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Energy — continued | | | | | | | | |
| Inpex | | | 806 | | | $ | 10,654 | |
| | | | | | | | 24,284 | |
| Financials — 3.6% | | | | | | | | |
| Dai-ichi Life Holdings | | | 817 | | | | 20,725 | |
| Japan Exchange Group | | | 906 | | | | 10,795 | |
| Japan Post Bank | | | 1,176 | | | | 10,592 | |
| Mitsubishi HC Capital | | | 893 | | | | 6,041 | |
| Mitsubishi UFJ Financial Group | | | 10,860 | | | | 116,104 | |
| Mizuho Financial Group | | | 2,236 | | | | 47,149 | |
| MS&AD Insurance Group Holdings | | | 1,167 | | | | 26,347 | |
| Nomura Holdings | | | 2,581 | | | | 13,542 | |
| ORIX | | | 1,015 | | | | 21,789 | |
| Resona Holdings | | | 1,995 | | | | 13,359 | |
| Sompo Holdings | | | 891 | | | | 19,443 | |
| Sumitomo Mitsui Financial Group | | | 3,494 | | | | 75,076 | |
| Sumitomo Mitsui Trust Holdings | | | 635 | | | | 14,082 | |
| Tokio Marine Holdings | | | 1,733 | | | | 63,347 | |
| | | | | | | | 458,391 | |
| Health Care — 4.2% | | | | | | | | |
| Hoya | | | 1,379 | | | | 187,624 | |
| Kyowa Kirin | | | 995 | | | | 16,480 | |
| M3 | | | 1,726 | | | | 17,965 | |
| Olympus | | | 4,641 | | | | 82,583 | |
| Ono Pharmaceutical | | | 1,809 | | | | 22,713 | |
| Otsuka Holdings | | | 2,080 | | | | 126,609 | |
| Shionogi | | | 3,153 | | | | 45,310 | |
| Sysmex | | | 1,878 | | | | 35,181 | |
| | | | | | | | 534,465 | |
| Industrials — 5.1% | | | | | | | | |
| ANA Holdings | | | 182 | | | | 3,596 | |
| Central Japan Railway | | | 1,208 | | | | 25,282 | |
| Daifuku | | | 430 | | | | 8,274 | |
| East Japan Railway | | | 1,306 | | | | 26,321 | |
| FANUC | | | 1,078 | | | | 29,136 | |
| Hankyu Hanshin Holdings | | | 305 | | | | 8,326 | |
| ITOCHU | | | 1,664 | | | | 83,601 | |
The accompanying notes are an integral part of the financial statements.
83
| Schedule of Investments | October 31, 2024 |
| Global X S&P Catholic Values Developed ex-US ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| Japan Airlines | | | 137 | | | $ | 2,208 | |
| Komatsu | | | 1,147 | | | | 30,203 | |
| Kubota | | | 1,263 | | | | 16,347 | |
| Marubeni | | | 1,934 | | | | 29,494 | |
| MINEBEA MITSUMI | | | 446 | | | | 8,058 | |
| Mitsubishi Electric | | | 2,420 | | | | 37,930 | |
| Mitsui | | | 3,503 | | | | 72,716 | |
| Mitsui OSK Lines | | | 404 | | | | 13,853 | |
| NIDEC CORP | | | 1,188 | | | | 23,990 | |
| Nippon Yusen | | | 519 | | | | 17,506 | |
| Recruit Holdings | | | 1,897 | | | | 118,721 | |
| Secom | | | 476 | | | | 17,065 | |
| SG Holdings | | | 551 | | | | 5,534 | |
| SMC | | | 70 | | | | 30,422 | |
| Tokyu | | | 768 | | | | 9,514 | |
| Toyota Industries | | | 210 | | | | 14,869 | |
| West Japan Railway | | | 550 | | | | 9,792 | |
| Yaskawa Electric | | | 296 | | | | 8,657 | |
| | | | | | | | 651,415 | |
| Information Technology — 3.5% | | | | | | | | |
| Advantest | | | 697 | | | | 41,859 | |
| Canon | | | 900 | | | | 29,566 | |
| Disco | | | 87 | | | | 25,399 | |
| Fujitsu | | | 1,583 | | | | 30,792 | |
| Keyence | | | 184 | | | | 84,290 | |
| Kyocera | | | 1,246 | | | | 12,867 | |
| Lasertec | | | 74 | | | | 11,404 | |
| Murata Manufacturing | | | 1,684 | | | | 29,927 | |
| NEC | | | 251 | | | | 21,808 | |
| Nomura Research Institute | | | 424 | | | | 12,782 | |
| NTT Data Group | | | 540 | | | | 8,664 | |
| Obic | | | 300 | | | | 9,830 | |
| Omron | | | 178 | | | | 7,128 | |
| Oracle Japan | | | 30 | | | | 2,892 | |
| Renesas Electronics | | | 1,502 | | | | 20,806 | |
| Rohm | | | 328 | | | | 3,696 | |
| TDK | | | 1,780 | | | | 21,531 | |
The accompanying notes are an integral part of the financial statements.
84
| Schedule of Investments | October 31, 2024 |
| Global X S&P Catholic Values Developed ex-US ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Information Technology — continued | | | | | | | | |
| Tokyo Electron | | | 435 | | | $ | 66,824 | |
| | | | | | | | 442,065 | |
| Materials — 1.1% | | | | | | | | |
| Asahi Kasei | | | 1,298 | | | | 9,028 | |
| JFE Holdings | | | 618 | | | | 7,506 | |
| Nippon Paint Holdings | | | 962 | | | | 7,414 | |
| Nippon Sanso Holdings | | | 197 | | | | 6,955 | |
| Nippon Steel | | | 907 | | | | 18,274 | |
| Nitto Denko | | | 650 | | | | 10,918 | |
| Shin-Etsu Chemical | | | 1,812 | | | | 68,459 | |
| Sumitomo Metal Mining | | | 242 | | | | 6,817 | |
| Toray Industries | | | 1,453 | | | | 7,977 | |
| | | | | | | | 143,348 | |
| Real Estate — 0.6% | | | | | | | | |
| Daiwa House Industry | | | 561 | | | | 16,835 | |
| Mitsubishi Estate | | | 1,084 | | | | 16,286 | |
| Mitsui Fudosan | | | 2,484 | | | | 21,623 | |
| Nippon Building Fund † | | | 7 | | | | 5,997 | |
| Sumitomo Realty & Development | | | 410 | | | | 12,381 | |
| | | | | | | | 73,122 | |
| Utilities — 0.2% | | | | | | | | |
| Chubu Electric Power | | | 734 | | | | 8,457 | |
| Osaka Gas | | | 361 | | | | 7,778 | |
| Tokyo Gas | | | 312 | | | | 7,720 | |
| | | | | | | | 23,955 | |
| TOTAL JAPAN | | | | | | | 3,395,306 | |
| LUXEMBOURG — 0.1% | | | | | | | | |
| Materials — 0.1% | | | | | | | | |
| ArcelorMittal | | | 408 | | | | 10,046 | |
| | | | | | | | | |
| NETHERLANDS — 4.9% | | | | | | | | |
| Communication Services — 0.1% | | | | | | | | |
| Universal Music Group | | | 668 | | | | 16,738 | |
The accompanying notes are an integral part of the financial statements.
85
| Schedule of Investments | October 31, 2024 |
| Global X S&P Catholic Values Developed ex-US ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Staples — 0.6% | | | | | | | | |
| Heineken | | | 400 | | | $ | 32,787 | |
| Koninklijke Ahold Delhaize | | | 1,348 | | | | 44,357 | |
| | | | | | | | 77,144 | |
| Financials — 0.7% | | | | | | | | |
| Adyen * | | | 27 | | | | 41,225 | |
| ING Groep | | | 2,904 | | | | 49,416 | |
| | | | | | | | 90,641 | |
| Health Care — 1.1% | | | | | | | | |
| Argenx * | | | 236 | | | | 138,765 | |
| | | | | | | | | |
| Industrials — 0.4% | | | | | | | | |
| Wolters Kluwer | | | 287 | | | | 48,201 | |
| | | | | | | | | |
| Information Technology — 2.0% | | | | | | | | |
| ASML Holding | | | 368 | | | | 248,180 | |
| | | | | | | | | |
| TOTAL NETHERLANDS | | | | | | | 619,669 | |
| NEW ZEALAND — 0.6% | | | | | | | | |
| Communication Services — 0.0% | | | | | | | | |
| Spark New Zealand | | | 1,605 | | | | 2,780 | |
| | | | | | | | | |
| Financials — 0.0% | | | | | | | | |
| Infratil | | | 848 | | | | 6,359 | |
| | | | | | | | | |
| Health Care — 0.4% | | | | | | | | |
| Fisher & Paykel Healthcare | | | 2,296 | | | | 49,179 | |
| | | | | | | | | |
| Industrials — 0.1% | | | | | | | | |
| Auckland International Airport | | | 1,716 | | | | 7,455 | |
| | | | | | | | | |
| Information Technology — 0.1% | | | | | | | | |
| Xero * | | | 126 | | | | 12,338 | |
| | | | | | | | | |
| Utilities — 0.0% | | | | | | | | |
| Mercury NZ | | | 505 | | | | 1,987 | |
The accompanying notes are an integral part of the financial statements.
86
| Schedule of Investments | October 31, 2024 |
| Global X S&P Catholic Values Developed ex-US ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Utilities — continued | | | | | | | | |
| Meridian Energy | | | 1,021 | | | $ | 3,618 | |
| | | | | | | | 5,605 | |
| TOTAL NEW ZEALAND | | | | | | | 83,716 | |
| NORWAY — 0.7% | | | | | | | | |
| Communication Services — 0.0% | | | | | | | | |
| Telenor | | | 523 | | | | 6,406 | |
| | | | | | | | | |
| Consumer Staples — 0.2% | | | | | | | | |
| Mowi | | | 629 | | | | 10,781 | |
| Orkla | | | 1,020 | | | | 9,404 | |
| Salmar | | | 102 | | | | 5,160 | |
| | | | | | | | 25,345 | |
| Energy — 0.2% | | | | | | | | |
| Aker BP | | | 270 | | | | 5,742 | |
| Equinor | | | 685 | | | | 16,398 | |
| Var Energi | | | 801 | | | | 2,509 | |
| | | | | | | | 24,649 | |
| Financials — 0.1% | | | | | | | | |
| DNB Bank | | | 774 | | | | 15,943 | |
| Gjensidige Forsikring | | | 162 | | | | 2,915 | |
| | | | | | | | 18,858 | |
| Industrials — 0.1% | | | | | | | | |
| AutoStore Holdings * | | | 1,495 | | | | 1,355 | |
| Kongsberg Gruppen | | | 95 | | | | 9,862 | |
| | | | | | | | 11,217 | |
| Materials — 0.1% | | | | | | | | |
| Norsk Hydro | | | 1,172 | | | | 7,193 | |
| | | | | | | | | |
| TOTAL NORWAY | | | | | | | 93,668 | |
| PORTUGAL — 0.1% | | | | | | | | |
| Utilities — 0.1% | | | | | | | | |
| EDP | | | 2,615 | | | | 10,254 | |
The accompanying notes are an integral part of the financial statements.
87
| Schedule of Investments | October 31, 2024 |
| Global X S&P Catholic Values Developed ex-US ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| SINGAPORE — 1.8% | | | | | | | | |
| Communication Services — 0.3% | | | | | | | | |
| Sea ADR * | | | 299 | | | $ | 28,121 | |
| Singapore Telecommunications | | | 6,790 | | | | 16,065 | |
| | | | | | | | 44,186 | |
| Financials — 1.0% | | | | | | | | |
| DBS Group Holdings | | | 1,768 | | | | 51,667 | |
| Oversea-Chinese Banking | | | 3,379 | | | | 38,799 | |
| United Overseas Bank | | | 1,359 | | | | 33,038 | |
| | | | | | | | 123,504 | |
| Industrials — 0.3% | | | | | | | | |
| Grab Holdings, Cl A * | | | 2,780 | | | | 11,342 | |
| Jardine Cycle & Carriage | | | 100 | | | | 2,101 | |
| Keppel | | | 1,600 | | | | 7,741 | |
| Singapore Airlines | | | 1,563 | | | | 7,633 | |
| Singapore Technologies Engineering | | | 1,728 | | | | 5,930 | |
| | | | | | | | 34,747 | |
| Information Technology — 0.1% | | | | | | | | |
| STMicroelectronics | | | 604 | | | | 16,413 | |
| | | | | | | | | |
| Real Estate — 0.1% | | | | | | | | |
| CapitaLand Integrated Commercial Trust † | | | 4,537 | | | | 6,928 | |
| CapitaLand Investment | | | 1,829 | | | | 3,885 | |
| | | | | | | | 10,813 | |
| TOTAL SINGAPORE | | | | | | | 229,663 | |
| SOUTH AFRICA — 0.3% | | | | | | | | |
| Materials — 0.3% | | | | | | | | |
| Anglo American | | | 1,204 | | | | 37,150 | |
| | | | | | | | | |
| SPAIN — 2.6% | | | | | | | | |
| Communication Services — 0.1% | | | | | | | | |
| Cellnex Telecom | | | 509 | | | | 18,623 | |
| | | | | | | | | |
| Consumer Discretionary — 0.7% | | | | | | | | |
| Amadeus IT Group | | | 451 | | | | 32,609 | |
The accompanying notes are an integral part of the financial statements.
88
| Schedule of Investments | October 31, 2024 |
| Global X S&P Catholic Values Developed ex-US ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Discretionary — continued | | | | | | | | |
| Industria de Diseno Textil | | | 1,121 | | | $ | 63,650 | |
| | | | | | | | 96,259 | |
| Financials — 1.1% | | | | | | | | |
| Banco Bilbao Vizcaya Argentaria | | | 5,097 | | | | 50,632 | |
| Banco Santander | | | 13,618 | | | | 66,411 | |
| CaixaBank | | | 3,446 | | | | 20,913 | |
| | | | | | | | 137,956 | |
| Utilities — 0.7% | | | | | | | | |
| EDP Renovaveis | | | 273 | | | | 3,669 | |
| Iberdrola | | | 5,239 | | | | 77,609 | |
| Naturgy Energy Group | | | 135 | | | | 3,350 | |
| | | | | | | | 84,628 | |
| TOTAL SPAIN | | | | | | | 337,466 | |
| SWEDEN — 3.5% | | | | | | | | |
| Communication Services — 0.1% | | | | | | | | |
| Telia | | | 2,142 | | | | 6,198 | |
| | | | | | | | | |
| Consumer Discretionary — 0.1% | | | | | | | | |
| H & M Hennes & Mauritz, Cl B | | | 599 | | | | 8,859 | |
| Volvo Car, Cl B * | | | 430 | | | | 921 | |
| | | | | | | | 9,780 | |
| Consumer Staples — 0.2% | | | | | | | | |
| Essity, Cl B | | | 867 | | | | 24,373 | |
| | | | | | | | | |
| Financials — 0.9% | | | | | | | | |
| EQT | | | 316 | | | | 9,125 | |
| Industrivarden, Cl A | | | 124 | | | | 4,251 | |
| Industrivarden, Cl C | | | 138 | | | | 4,720 | |
| Investor, Cl B | | | 1,596 | | | | 44,964 | |
| L E Lundbergforetagen, Cl B | | | 58 | | | | 2,854 | |
| Skandinaviska Enskilda Banken, Cl A | | | 1,449 | | | | 20,374 | |
| Skandinaviska Enskilda Banken, Cl C | | | 4 | | | | 57 | |
| Svenska Handelsbanken, Cl A | | | 1,362 | | | | 14,104 | |
| Svenska Handelsbanken, Cl B | | | 38 | | | | 510 | |
The accompanying notes are an integral part of the financial statements.
89
| Schedule of Investments | October 31, 2024 |
| Global X S&P Catholic Values Developed ex-US ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| Swedbank, Cl A | | | 803 | | | $ | 16,225 | |
| | | | | | | | 117,184 | |
| Industrials — 1.8% | | | | | | | | |
| Alfa Laval | | | 324 | | | | 14,229 | |
| Assa Abloy, Cl B | | | 1,128 | | | | 35,094 | |
| Atlas Copco, Cl A | | | 2,940 | | | | 48,194 | |
| Atlas Copco, Cl B | | | 1,775 | | | | 25,638 | |
| Epiroc, Cl A | | | 711 | | | | 13,781 | |
| Epiroc, Cl B | | | 448 | | | | 7,658 | |
| Investment Latour, Cl B | | | 171 | | | | 4,689 | |
| Nibe Industrier, Cl B | | | 1,723 | | | | 8,283 | |
| Sandvik | | | 1,239 | | | | 24,201 | |
| Volvo, Cl A | | | 213 | | | | 5,554 | |
| Volvo, Cl B | | | 1,831 | | | | 47,349 | |
| | | | | | | | 234,670 | |
| Information Technology — 0.3% | | | | | | | | |
| Hexagon, Cl B | | | 1,916 | | | | 17,831 | |
| Telefonaktiebolaget LM Ericsson, Cl B | | | 2,833 | | | | 23,559 | |
| | | | | | | | 41,390 | |
| Materials — 0.1% | | | | | | | | |
| Svenska Cellulosa, Cl B | | | 533 | | | | 7,016 | |
| | | | | | | | | |
| TOTAL SWEDEN | | | | | | | 440,611 | |
| SWITZERLAND — 3.6% | | | | | | | | |
| Consumer Discretionary — 0.6% | | | | | | | | |
| Cie Financiere Richemont, Cl A | | | 538 | | | | 77,990 | |
| | | | | | | | | |
| Financials — 1.3% | | | | | | | | |
| UBS Group | | | 2,830 | | | | 86,860 | |
| Zurich Insurance Group | | | 128 | | | | 75,613 | |
| | | | | | | | 162,473 | |
| Industrials — 0.9% | | | | | | | | |
| ABB | | | 1,842 | | | | 102,038 | |
The accompanying notes are an integral part of the financial statements.
90
| Schedule of Investments | October 31, 2024 |
| Global X S&P Catholic Values Developed ex-US ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| Kuehne + Nagel International | | | 61 | | | $ | 15,209 | |
| | | | | | | | 117,247 | |
| Materials — 0.8% | | | | | | | | |
| DSM-Firmenich | | | 190 | | | | 22,504 | |
| Givaudan | | | 7 | | | | 33,167 | |
| Sika | | | 145 | | | | 40,329 | |
| | | | | | | | 96,000 | |
| TOTAL SWITZERLAND | | | | | | | 453,710 | |
| UNITED KINGDOM — 10.5% | | | | | | | | |
| Communication Services — 0.2% | | | | | | | | |
| BT Group, Cl A | | | 4,924 | | | | 8,752 | |
| Vodafone Group PLC | | | 19,757 | | | | 18,293 | |
| | | | | | | | 27,045 | |
| Consumer Discretionary — 0.4% | | | | | | | | |
| Compass Group | | | 1,706 | | | | 55,162 | |
| | | | | | | | | |
| Consumer Staples — 3.1% | | | | | | | | |
| Associated British Foods | | | 463 | | | | 13,220 | |
| Coca-Cola Europacific Partners | | | 296 | | | | 22,496 | |
| Diageo | | | 3,197 | | | | 98,604 | |
| Tesco | | | 9,862 | | | | 43,388 | |
| Unilever | | | 3,594 | | | | 218,555 | |
| | | | | | | | 396,263 | |
| Energy — 2.0% | | | | | | | | |
| BP | | | 14,390 | | | | 69,682 | |
| Shell | | | 5,499 | | | | 182,294 | |
| | | | | | | | 251,976 | |
| Financials — 3.0% | | | | | | | | |
| 3i Group | | | 851 | | | | 34,704 | |
| Barclays | | | 12,907 | | | | 39,410 | |
| HSBC Holdings | | | 16,229 | | | | 148,494 | |
| Legal & General Group PLC | | | 5,188 | | | | 14,480 | |
| Lloyds Banking Group | | | 54,958 | | | | 37,731 | |
| London Stock Exchange Group | | | 407 | | | | 55,021 | |
The accompanying notes are an integral part of the financial statements.
91
| Schedule of Investments | October 31, 2024 |
| Global X S&P Catholic Values Developed ex-US ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| NatWest Group | | | 5,907 | | | $ | 27,924 | |
| Standard Chartered | | | 1,859 | | | | 21,520 | |
| | | | | | | | 379,284 | |
| Industrials — 1.2% | | | | | | | | |
| Ashtead Group | | | 508 | | | | 37,802 | |
| CK Hutchison Holdings | | | 3,220 | | | | 16,940 | |
| RELX | | | 2,145 | | | | 98,174 | |
| | | | | | | | 152,916 | |
| Utilities — 0.6% | | | | | | | | |
| National Grid PLC | | | 4,400 | | | | 55,222 | |
| SSE | | | 980 | | | | 22,187 | |
| | | | | | | | 77,409 | |
| TOTAL UNITED KINGDOM | | | | | | | 1,340,055 | |
| UNITED STATES — 7.8% | | | | | | | | |
| Communication Services — 0.4% | | | | | | | | |
| Spotify Technology * | | | 127 | | | | 48,908 | |
| | | | | | | | | |
| Consumer Discretionary — 0.2% | | | | | | | | |
| Stellantis | | | 2,203 | | | | 30,126 | |
| | | | | | | | | |
| Energy — 0.0% | | | | | | | | |
| Tenaris | | | 390 | | | | 6,412 | |
| | | | | | | | | |
| Health Care — 4.8% | | | | | | | | |
| Alcon | | | 1,961 | | | | 180,474 | |
| CSL | | | 1,899 | | | | 356,921 | |
| ICON * | | | 325 | | | | 72,186 | |
| Inmode * | | | 292 | | | | 4,987 | |
| | | | | | | | 614,568 | |
| Industrials — 1.7% | | | | | | | | |
| Experian | | | 1,052 | | | | 51,084 | |
| Schneider Electric | | | 619 | | | | 159,402 | |
| | | | | | | | 210,486 | |
The accompanying notes are an integral part of the financial statements.
92
| Schedule of Investments | October 31, 2024 |
| Global X S&P Catholic Values Developed ex-US ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Information Technology — 0.2% | | | | | | | | |
| CyberArk Software * | | | 38 | | | $ | 10,508 | |
| Monday.com * | | | 36 | | | | 10,579 | |
| | | | | | | | 21,087 | |
| Materials — 0.5% | | | | | | | | |
| Holcim | | | 479 | | | | 47,130 | |
| James Hardie Industries, CDI * | | | 397 | | | | 12,705 | |
| | | | | | | | 59,835 | |
| TOTAL UNITED STATES | | | | | | | 991,422 | |
TOTAL COMMON STOCK
(Cost $12,176,497) | | | | | | | 12,639,779 | |
| | | | | | | | | |
| PREFERRED STOCK — 0.4% | | | | | | | | |
| GERMANY— 0.4% | | | | | | | | |
| Consumer Discretionary — 0.2% | | | | | | | | |
| Bayerische Motoren Werke (A) | | | 59 | | | | 4,327 | |
| Dr Ing hc F Porsche (A) | | | 87 | | | | 6,105 | |
| Volkswagen (A) | | | 181 | | | | 17,477 | |
| | | | | | | | 27,909 | |
| Consumer Staples — 0.2% | | | | | | | | |
| Henkel & KGaA (A) | | | 235 | | | | 20,303 | |
| TOTAL GERMANY | | | | | | | 48,212 | |
TOTAL PREFERRED STOCK
(Cost $66,514) | | | | | | | 48,212 | |
TOTAL INVESTMENTS — 99.7%
(Cost $12,243,011) | | | | | | $ | 12,687,991 | |
Percentages are based on Net Assets of $12,729,182.
| * | Non-income producing security. |
| † | Real Estate Investment Trust |
| (A) | There is currently no stated interest rate. |
The accompanying notes are an integral part of the financial statements.
93
| Schedule of Investments | October 31, 2024 |
| Global X S&P Catholic Values Developed ex-US ETF |
The following is a summary of the level of inputs used as of October 31, 2024, in valuing the Fund’s investments carried at value:
| Investments in Securities | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Common Stock | | $ | 12,456,771 | | | $ | 183,008 | | | $ | — | | | $ | 12,639,779 | |
| Preferred Stock | | | 48,212 | | | | — | | | | — | | | | 48,212 | |
| Total Investments in Securities | | $ | 12,504,983 | | | $ | 183,008 | | | $ | — | | | $ | 12,687,991 | |
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
The accompanying notes are an integral part of the financial statements.
94
| Schedule of Investments | October 31, 2024 |
| Global X NASDAQ 100® Tail Risk ETF |
| | | Shares | | | Value | |
| COMMON STOCK — 99.2% | | | | | | | | |
| BRAZIL — 0.7% | | | | | | | | |
| Consumer Discretionary — 0.7% | | | | | | | | |
| MercadoLibre * | | | 9 | | | $ | 18,335 | |
| | | | | | | | | |
| CHINA — 0.9% | | | | | | | | |
| Consumer Discretionary — 0.5% | | | | | | | | |
| PDD Holdings ADR * | | | 119 | | | | 14,350 | |
| | | | | | | | | |
| Information Technology — 0.4% | | | | | | | | |
| NXP Semiconductors | | | 46 | | | | 10,787 | |
| | | | | | | | | |
| TOTAL CHINA | | | | | | | 25,137 | |
| TAIWAN — 0.4% | | | | | | | | |
| Information Technology — 0.4% | | | | | | | | |
| ASML Holding | | | 17 | | | | 11,433 | |
| | | | | | | | | |
| UNITED KINGDOM — 0.6% | | | | | | | | |
| Consumer Staples — 0.2% | | | | | | | | |
| Coca-Cola Europacific Partners PLC | | | 83 | | | | 6,308 | |
| | | | | | | | | |
| Health Care — 0.3% | | | | | | | | |
| AstraZeneca PLC ADR | | | 105 | | | | 7,471 | |
| | | | | | | | | |
| Information Technology — 0.1% | | | | | | | | |
| ARM Holdings ADR * | | | 20 | | | | 2,826 | |
| | | | | | | | | |
| TOTAL UNITED KINGDOM | | | | | | | 16,605 | |
| UNITED STATES — 96.6% | | | | | | | | |
| Communication Services — 16.2% | | | | | | | | |
| Alphabet, Cl A | | | 404 | | | | 69,128 | |
| Alphabet, Cl C | | | 385 | | | | 66,486 | |
| Charter Communications, Cl A * | | | 26 | | | | 8,518 | |
| Comcast, Cl A | | | 687 | | | | 30,001 | |
| Electronic Arts | | | 48 | | | | 7,241 | |
| Meta Platforms, Cl A | | | 240 | | | | 136,219 | |
| Netflix * | | | 76 | | | | 57,458 | |
| Take-Two Interactive Software * | | | 30 | | | | 4,852 | |
| T-Mobile US | | | 208 | | | | 46,417 | |
The accompanying notes are an integral part of the financial statements.
95
| Schedule of Investments | October 31, 2024 |
| Global X NASDAQ 100® Tail Risk ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Communication Services — continued | | | | | | | | |
| Trade Desk, Cl A * | | | 80 | | | $ | 9,617 | |
| Warner Bros Discovery * | | | 444 | | | | 3,610 | |
| | | | | | | | 439,547 | |
| Consumer Discretionary — 12.1% | | | | | | | | |
| Airbnb, Cl A * | | | 79 | | | | 10,648 | |
| Amazon.com * | | | 725 | | | | 135,140 | |
| Booking Holdings | | | 6 | | | | 28,058 | |
| DoorDash, Cl A * | | | 68 | | | | 10,656 | |
| Lululemon Athletica * | | | 21 | | | | 6,256 | |
| Marriott International, Cl A | | | 50 | | | | 13,001 | |
| O’Reilly Automotive * | | | 10 | | | | 11,531 | |
| Ross Stores | | | 59 | | | | 8,243 | |
| Starbucks | | | 201 | | | | 19,638 | |
| Tesla * | | | 334 | | | | 83,450 | |
| | | | | | | | 326,621 | |
| Consumer Staples — 5.7% | | | | | | | | |
| Costco Wholesale | | | 79 | | | | 69,060 | |
| Dollar Tree * | | | 39 | | | | 2,521 | |
| Keurig Dr Pepper | | | 245 | | | | 8,073 | |
| Kraft Heinz | | | 218 | | | | 7,294 | |
| Mondelez International, Cl A | | | 237 | | | | 16,230 | |
| Monster Beverage * | | | 172 | | | | 9,061 | |
| PepsiCo | | | 245 | | | | 40,690 | |
| | | | | | | | 152,929 | |
| Energy — 0.6% | | | | | | | | |
| Baker Hughes, Cl A | | | 180 | | | | 6,854 | |
| Diamondback Energy | | | 53 | | | | 9,369 | |
| | | | | | | | 16,223 | |
| Financials — 0.5% | | | | | | | | |
| PayPal Holdings * | | | 181 | | | | 14,353 | |
| | | | | | | | | |
| Health Care — 5.6% | | | | | | | | |
| Amgen | | | 96 | | | | 30,735 | |
| Biogen * | | | 26 | | | | 4,524 | |
| Dexcom * | | | 70 | | | | 4,933 | |
The accompanying notes are an integral part of the financial statements.
96
| Schedule of Investments | October 31, 2024 |
| Global X NASDAQ 100® Tail Risk ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| GE HealthCare Technologies | | | 82 | | | $ | 7,163 | |
| Gilead Sciences | | | 221 | | | | 19,629 | |
| IDEXX Laboratories * | | | 15 | | | | 6,104 | |
| Illumina * | | | 28 | | | | 4,036 | |
| Intuitive Surgical * | | | 63 | | | | 31,742 | |
| Moderna * | | | 69 | | | | 3,751 | |
| Regeneron Pharmaceuticals * | | | 19 | | | | 15,926 | |
| Vertex Pharmaceuticals * | | | 46 | | | | 21,895 | |
| | | | | | | | 150,438 | |
| Industrials — 4.5% | | | | | | | | |
| Automatic Data Processing | | | 73 | | | | 21,115 | |
| Cintas | | | 72 | | | | 14,818 | |
| Copart * | | | 173 | | | | 8,904 | |
| CSX | | | 342 | | | | 11,505 | |
| Fastenal | | | 104 | | | | 8,131 | |
| Honeywell International | | | 115 | | | | 23,653 | |
| Old Dominion Freight Line | | | 38 | | | | 7,650 | |
| PACCAR | | | 92 | | | | 9,594 | |
| Paychex | | | 65 | | | | 9,056 | |
| Verisk Analytics, Cl A | | | 25 | | | | 6,868 | |
| | | | | | | | 121,294 | |
| Information Technology — 48.4% | | | | | | | | |
| Adobe * | | | 79 | | | | 37,768 | |
| Advanced Micro Devices * | | | 288 | | | | 41,492 | |
| Analog Devices | | | 88 | | | | 19,634 | |
| ANSYS * | | | 16 | | | | 5,127 | |
| Apple | | | 1,050 | | | | 237,206 | |
| Applied Materials | | | 147 | | | | 26,692 | |
| Atlassian, Cl A * | | | 28 | | | | 5,279 | |
| Autodesk * | | | 38 | | | | 10,784 | |
| Broadcom | | | 827 | | | | 140,400 | |
| Cadence Design Systems * | | | 49 | | | | 13,530 | |
| CDW | | | 24 | | | | 4,518 | |
| Cisco Systems | | | 717 | | | | 39,270 | |
| Cognizant Technology Solutions, Cl A | | | 87 | | | | 6,489 | |
| Crowdstrike Holdings, Cl A * | | | 42 | | | | 12,469 | |
| Datadog, Cl A * | | | 55 | | | | 6,899 | |
The accompanying notes are an integral part of the financial statements.
97
| Schedule of Investments | October 31, 2024 |
| Global X NASDAQ 100® Tail Risk ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Information Technology — continued | | | | | | | | |
| Fortinet * | | | 137 | | | $ | 10,776 | |
| GLOBALFOUNDRIES * | | | 101 | | | | 3,687 | |
| Intel | | | 766 | | | | 16,484 | |
| Intuit | | | 50 | | | | 30,515 | |
| KLA | | | 24 | | | | 15,990 | |
| Lam Research | | | 230 | | | | 17,101 | |
| Marvell Technology | | | 156 | | | | 12,497 | |
| Microchip Technology | | | 94 | | | | 6,897 | |
| Micron Technology | | | 197 | | | | 19,631 | |
| Microsoft | | | 513 | | | | 208,458 | |
| MongoDB, Cl A * | | | 13 | | | | 3,515 | |
| NVIDIA | | | 1,694 | | | | 224,895 | |
| ON Semiconductor * | | | 77 | | | | 5,428 | |
| Palo Alto Networks * | | | 58 | | | | 20,899 | |
| QUALCOMM | | | 198 | | | | 32,228 | |
| Roper Technologies | | | 19 | | | | 10,217 | |
| Super Micro Computer * | | | 100 | | | | 2,911 | |
| Synopsys * | | | 27 | | | | 13,867 | |
| Texas Instruments | | | 163 | | | | 33,115 | |
| Workday, Cl A * | | | 38 | | | | 8,886 | |
| Zscaler * | | | 27 | | | | 4,881 | |
| | | | | | | | 1,310,435 | |
| Materials — 1.4% | | | | | | | | |
| Linde PLC | | | 85 | | | | 38,773 | |
| | | | | | | | | |
| Real Estate — 0.2% | | | | | | | | |
| CoStar Group * | | | 74 | | | | 5,387 | |
| | | | | | | | | |
| Utilities — 1.4% | | | | | | | | |
| American Electric Power | | | 95 | | | | 9,381 | |
| Constellation Energy | | | 56 | | | | 14,726 | |
| Exelon | | | 180 | | | | 7,074 | |
| Xcel Energy | | | 101 | | | | 6,748 | |
| | | | | | | | 37,929 | |
| TOTAL UNITED STATES | | | | | | | 2,613,929 | |
TOTAL COMMON STOCK
(Cost $2,259,772) | | | | | | | 2,685,439 | |
The accompanying notes are an integral part of the financial statements.
98
| Schedule of Investments | October 31, 2024 |
| Global X NASDAQ 100® Tail Risk ETF |
| | | Value | |
PURCHASED OPTIONS — 0.7%
(Cost $29,564) | | $ | 20,100 | |
TOTAL INVESTMENTS — 99.9%
(Cost $2,289,336) | | $ | 2,705,539 | |
Percentages are based on Net Assets of $2,707,146.
A list of the exchange traded option contracts held by the Fund at October 31, 2024, is as follows:
| Description | | Number of
Contracts | | | Notional
Amount | | | Exercise
Price | | | Expiration
Date | | Value | |
| PURCHASED OPTIONS — 0.7% | | | | | | | | | | | | | | | | | | |
| Put Options | | | | | | | | | | | | | | | | | | |
| Nasdaq-100 | | | 1 | | | $ | 1,989,042 | | | $ | 17,750 | | | 12/21/24 | | $ | 15,410 | |
| Nasdaq-100 Micro Index | | | 35 | | | | 696,150 | | | | 175 | | | 12/21/24 | | | 4,690 | |
| | | | | | | | | | | | | | | | | | | |
| Total Purchased Options | | | | | | $ | 2,685,192 | | | | | | | | | $ | 20,100 | |
| * | Non-income producing security. |
As of October 31, 2024, all of the Fund’s investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.
See “Glossary” for abbreviations.
The accompanying notes are an integral part of the financial statements.
99
| Schedule of Investments | October 31, 2024 |
| Global X NASDAQ 100® Collar 95-110 ETF |
| | | Shares | | | Value | |
| COMMON STOCK(A) — 99.3% | | | | | | | | |
| BRAZIL — 0.7% | | | | | | | | |
| Consumer Discretionary — 0.7% | | | | | | | | |
| MercadoLibre * | | | 6 | | | $ | 12,223 | |
| | | | | | | | | |
| CHINA — 0.9% | | | | | | | | |
| Consumer Discretionary — 0.5% | | | | | | | | |
| PDD Holdings ADR * | | | 79 | | | | 9,527 | |
| | | | | | | | | |
| Information Technology — 0.4% | | | | | | | | |
| NXP Semiconductors | | | 31 | | | | 7,269 | |
| | | | | | | | | |
| TOTAL CHINA | | | | | | | 16,796 | |
| NETHERLANDS — 0.4% | | | | | | | | |
| Information Technology — 0.4% | | | | | | | | |
| ASML Holding | | | 11 | | | | 7,398 | |
| | | | | | | | | |
| UNITED KINGDOM — 0.6% | | | | | | | | |
| Consumer Staples — 0.2% | | | | | | | | |
| Coca-Cola Europacific Partners PLC | | | 54 | | | | 4,104 | |
| | | | | | | | | |
| Health Care — 0.3% | | | | | | | | |
| AstraZeneca PLC ADR | | | 68 | | | | 4,838 | |
| | | | | | | | | |
| Information Technology — 0.1% | | | | | | | | |
| ARM Holdings ADR * | | | 14 | | | | 1,978 | |
| | | | | | | | | |
| TOTAL UNITED KINGDOM | | | | | | | 10,920 | |
| UNITED STATES — 96.7% | | | | | | | | |
| Communication Services — 16.3% | | | | | | | | |
| Alphabet, Cl A | | | 270 | | | | 46,200 | |
| Alphabet, Cl C | | | 257 | | | | 44,381 | |
| Charter Communications, Cl A * | | | 17 | | | | 5,569 | |
| Comcast, Cl A | | | 458 | | | | 20,001 | |
| Electronic Arts | | | 31 | | | | 4,676 | |
| Meta Platforms, Cl A | | | 160 | | | | 90,813 | |
| Netflix * | | | 51 | | | | 38,558 | |
| Take-Two Interactive Software * | | | 20 | | | | 3,235 | |
| T-Mobile US | | | 139 | | | | 31,019 | |
The accompanying notes are an integral part of the financial statements.
100
| Schedule of Investments | October 31, 2024 |
| Global X NASDAQ 100® Collar 95-110 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Communication Services — continued | | | | | | | | |
| Trade Desk, Cl A * | | | 53 | | | $ | 6,371 | |
| Warner Bros Discovery * | | | 284 | | | | 2,309 | |
| | | | | | | | 293,132 | |
| Consumer Discretionary — 12.1% | | | | | | | | |
| Airbnb, Cl A * | | | 52 | | | | 7,009 | |
| Amazon.com * | | | 484 | | | | 90,218 | |
| Booking Holdings | | | 4 | | | | 18,705 | |
| DoorDash, Cl A * | | | 45 | | | | 7,051 | |
| Lululemon Athletica * | | | 14 | | | | 4,171 | |
| Marriott International, Cl A | | | 34 | | | | 8,841 | |
| O’Reilly Automotive * | | | 7 | | | | 8,072 | |
| Ross Stores | | | 39 | | | | 5,449 | |
| Starbucks | | | 136 | | | | 13,287 | |
| Tesla * | | | 223 | | | | 55,716 | |
| | | | | | | | 218,519 | |
| Consumer Staples — 5.7% | | | | | | | | |
| Costco Wholesale | | | 53 | | | | 46,332 | |
| Dollar Tree * | | | 25 | | | | 1,616 | |
| Keurig Dr Pepper | | | 160 | | | | 5,272 | |
| Kraft Heinz | | | 142 | | | | 4,751 | |
| Mondelez International, Cl A | | | 159 | | | | 10,888 | |
| Monster Beverage * | | | 115 | | | | 6,058 | |
| PepsiCo | | | 163 | | | | 27,071 | |
| | | | | | | | 101,988 | |
| Energy — 0.6% | | | | | | | | |
| Baker Hughes, Cl A | | | 116 | | | | 4,417 | |
| Diamondback Energy | | | 35 | | | | 6,187 | |
| | | | | | | | 10,604 | |
| Financials — 0.5% | | | | | | | | |
| PayPal Holdings * | | | 121 | | | | 9,595 | |
| | | | | | | | | |
| Health Care — 5.6% | | | | | | | | |
| Amgen | | | 64 | | | | 20,490 | |
| Biogen * | | | 17 | | | | 2,958 | |
| Dexcom * | | | 47 | | | | 3,313 | |
The accompanying notes are an integral part of the financial statements.
101
| Schedule of Investments | October 31, 2024 |
| Global X NASDAQ 100® Collar 95-110 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| GE HealthCare Technologies | | | 54 | | | $ | 4,717 | |
| Gilead Sciences | | | 147 | | | | 13,057 | |
| IDEXX Laboratories * | | | 10 | | | | 4,069 | |
| Illumina * | | | 18 | | | | 2,595 | |
| Intuitive Surgical * | | | 42 | | | | 21,161 | |
| Moderna * | | | 45 | | | | 2,446 | |
| Regeneron Pharmaceuticals * | | | 13 | | | | 10,897 | |
| Vertex Pharmaceuticals * | | | 31 | | | | 14,755 | |
| | | | | | | | 100,458 | |
| Industrials — 4.5% | | | | | | | | |
| Automatic Data Processing | | | 49 | | | | 14,173 | |
| Cintas | | | 48 | | | | 9,879 | |
| Copart * | | | 113 | | | | 5,816 | |
| CSX | | | 230 | | | | 7,737 | |
| Fastenal | | | 67 | | | | 5,238 | |
| Honeywell International | | | 78 | | | | 16,043 | |
| Old Dominion Freight Line | | | 26 | | | | 5,234 | |
| PACCAR | | | 62 | | | | 6,466 | |
| Paychex | | | 42 | | | | 5,852 | |
| Verisk Analytics, Cl A | | | 17 | | | | 4,670 | |
| | | | | | | | 81,108 | |
| Information Technology — 48.4% | | | | | | | | |
| Adobe * | | | 53 | | | | 25,338 | |
| Advanced Micro Devices * | | | 192 | | | | 27,661 | |
| Analog Devices | | | 59 | | | | 13,164 | |
| ANSYS * | | | 10 | | | | 3,204 | |
| Apple | | | 701 | | | | 158,363 | |
| Applied Materials | | | 99 | | | | 17,976 | |
| Atlassian, Cl A * | | | 19 | | | | 3,582 | |
| Autodesk * | | | 25 | | | | 7,095 | |
| Broadcom | | | 552 | | | | 93,713 | |
| Cadence Design Systems * | | | 32 | | | | 8,836 | |
| CDW | | | 16 | | | | 3,012 | |
| Cisco Systems | | | 479 | | | | 26,235 | |
| Cognizant Technology Solutions, Cl A | | | 58 | | | | 4,326 | |
| Crowdstrike Holdings, Cl A * | | | 27 | | | | 8,015 | |
| Datadog, Cl A * | | | 36 | | | | 4,516 | |
The accompanying notes are an integral part of the financial statements.
102
| Schedule of Investments | October 31, 2024 |
| Global X NASDAQ 100® Collar 95-110 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Information Technology — continued | | | | | | | | |
| Fortinet * | | | 90 | | | $ | 7,079 | |
| GLOBALFOUNDRIES * | | | 64 | | | | 2,336 | |
| Intel | | | 506 | | | | 10,889 | |
| Intuit | | | 33 | | | | 20,140 | |
| KLA | | | 16 | | | | 10,660 | |
| Lam Research | | | 154 | | | | 11,450 | |
| Marvell Technology | | | 102 | | | | 8,171 | |
| Microchip Technology | | | 63 | | | | 4,622 | |
| Micron Technology | | | 131 | | | | 13,054 | |
| Microsoft | | | 342 | | | | 138,972 | |
| MongoDB, Cl A * | | | 9 | | | | 2,434 | |
| NVIDIA | | | 1,131 | | | | 150,152 | |
| ON Semiconductor * | | | 50 | | | | 3,525 | |
| Palo Alto Networks * | | | 39 | | | | 14,053 | |
| QUALCOMM | | | 132 | | | | 21,486 | |
| Roper Technologies | | | 13 | | | | 6,990 | |
| Super Micro Computer * | | | 70 | | | | 2,038 | |
| Synopsys * | | | 18 | | | | 9,245 | |
| Texas Instruments | | | 108 | | | | 21,941 | |
| Workday, Cl A * | | | 25 | | | | 5,846 | |
| Zscaler * | | | 18 | | | | 3,254 | |
| | | | | | | | 873,373 | |
| Materials — 1.4% | | | | | | | | |
| Linde PLC | | | 57 | | | | 26,001 | |
| | | | | | | | | |
| Real Estate — 0.2% | | | | | | | | |
| CoStar Group * | | | 48 | | | | 3,494 | |
| | | | | | | | | |
| Utilities — 1.4% | | | | | | | | |
| American Electric Power | | | 63 | | | | 6,221 | |
| Constellation Energy | | | 38 | | | | 9,993 | |
| Exelon | | | 119 | | | | 4,677 | |
| Xcel Energy | | | 66 | | | | 4,409 | |
| | | | | | | | 25,300 | |
| TOTAL UNITED STATES | | | | | | | 1,743,572 | |
TOTAL COMMON STOCK
(Cost $1,441,849) | | | | | | | 1,790,909 | |
The accompanying notes are an integral part of the financial statements.
103
| Schedule of Investments | October 31, 2024 |
| Global X NASDAQ 100® Collar 95-110 ETF |
| | | Value | |
PURCHASED OPTIONS — 1.0%
(Cost $30,566) | | $ | 18,270 | |
TOTAL INVESTMENTS — 100.3%
(Cost $1,472,415) | | $ | 1,809,179 | |
| | | | | |
WRITTEN OPTIONS — (0.4)%
(Premiums Received $(14,672)) | | $ | (7,200 | ) |
Percentages are based on Net Assets of $1,803,518.
A list of the exchange traded option contracts held by the Fund at October 31, 2024, is as follows:
| Description | | Number of
Contracts | | | Notional
Amount | | | Exercise
Price | | | Expiration
Date | | Value | |
| PURCHASED OPTIONS — 1.0% | | | | | | | | | | | | | | | | | | |
| Put Options | | | | | | | | | | | | | | | | | | |
| Nasdaq-100 Micro Index | | | 90 | | | $ | 1,790,100 | | | $ | 185 | | | 12/21/24 | | $ | 18,270 | |
| | | | | | | | | | | | | | | | | | | |
| WRITTEN OPTIONS — (0.4)% | | | | | | | | | | | | | | | | | | |
| Call Options | | | | | | | | | | | | | | | | | | |
| Nasdaq-100 Micro Index | | | (90 | ) | | $ | (1,790,100 | ) | | $ | 217 | | | 12/21/24 | | $ | (7,200 | ) |
| * | Non-income producing security. |
| (A) | All or a portion of these securities have been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $1,790,909. |
The accompanying notes are an integral part of the financial statements.
104
| Schedule of Investments | October 31, 2024 |
| Global X NASDAQ 100® Collar 95-110 ETF |
The following is a summary of the level of inputs used as of October 31, 2024, in valuing the Fund’s investments and other financial instruments carried at value:
| Investments in Securities | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Common Stock | | $ | 1,790,909 | | | $ | — | | | $ | — | | | $ | 1,790,909 | |
| Purchased Options | | | 18,270 | | | | — | | | | — | | | | 18,270 | |
| Total Investments in Securities | | $ | 1,809,179 | | | $ | — | | | $ | — | | | $ | 1,809,179 | |
| | | | | | | | | | | | | | | | | |
| Other Financial Instruments | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Written Options | | $ | (7,200 | ) | | $ | — | | | $ | — | | | $ | (7,200 | ) |
| Total Other Financial Instruments | | $ | (7,200 | ) | | $ | — | | | $ | — | | | $ | (7,200 | ) |
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
The accompanying notes are an integral part of the financial statements.
105
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Tail Risk ETF |
| | | Shares | | | Value | |
| COMMON STOCK — 99.3% | | | | | | | | |
| CHINA — 0.1% | | | | | | | | |
| Information Technology — 0.1% | | | | | | | | |
| NXP Semiconductors | | | 13 | | | $ | 3,048 | |
| | | | | | | | | |
| IRELAND — 0.5% | | | | | | | | |
| Information Technology — 0.5% | | | | | | | | |
| Accenture PLC, Cl A | | | 34 | | | | 11,724 | |
| | | | | | | | | |
| SWITZERLAND — 0.1% | | | | | | | | |
| Information Technology — 0.1% | | | | | | | | |
| TE Connectivity PLC | | | 16 | | | | 2,359 | |
| | | | | | | | | |
| UNITED STATES — 98.6% | | | | | | | | |
| Communication Services — 9.0% | | | | | | | | |
| Alphabet, Cl A | | | 310 | | | | 53,044 | |
| Alphabet, Cl C | | | 254 | | | | 43,863 | |
| AT&T | | | 379 | | | | 8,543 | |
| Charter Communications, Cl A * | | | 5 | | | | 1,638 | |
| Comcast, Cl A | | | 204 | | | | 8,909 | |
| Electronic Arts | | | 13 | | | | 1,961 | |
| Fox, Cl A | | | 15 | | | | 630 | |
| Fox, Cl B | | | 5 | | | | 195 | |
| Interpublic Group | | | 18 | | | | 529 | |
| Live Nation Entertainment * | | | 7 | | | | 820 | |
| Match Group * | | | 14 | | | | 504 | |
| Meta Platforms, Cl A | | | 116 | | | | 65,839 | |
| Netflix * | | | 23 | | | | 17,389 | |
| News, Cl A | | | 15 | | | | 409 | |
| News, Cl B | | | 1 | | | | 29 | |
| Omnicom Group | | | 11 | | | | 1,111 | |
| Paramount Global, Cl B | | | 26 | | | | 284 | |
| Take-Two Interactive Software * | | | 9 | | | | 1,456 | |
| T-Mobile US | | | 26 | | | | 5,802 | |
| Verizon Communications | | | 223 | | | | 9,395 | |
| Walt Disney | | | 96 | | | | 9,235 | |
| Warner Bros Discovery * | | | 119 | | | | 968 | |
| | | | | | | | 232,553 | |
The accompanying notes are an integral part of the financial statements.
106
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Tail Risk ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Discretionary — 10.0% | | | | | | | | |
| Airbnb, Cl A * | | | 23 | | | $ | 3,100 | |
| Amazon.com * | | | 495 | | | | 92,268 | |
| Aptiv PLC * | | | 14 | | | | 796 | |
| AutoZone * | | | 1 | | | | 3,009 | |
| Best Buy | | | 9 | | | | 814 | |
| Booking Holdings | | | 2 | | | | 9,352 | |
| BorgWarner | | | 12 | | | | 404 | |
| Caesars Entertainment * | | | 13 | | | | 521 | |
| CarMax * | | | 8 | | | | 579 | |
| Carnival * | | | 56 | | | | 1,232 | |
| Chipotle Mexican Grill, Cl A * | | | 71 | | | | 3,960 | |
| Darden Restaurants | | | 6 | | | | 960 | |
| Deckers Outdoor * | | | 6 | | | | 965 | |
| Domino’s Pizza | | | 2 | | | | 827 | |
| DR Horton | | | 16 | | | | 2,704 | |
| eBay | | | 26 | | | | 1,495 | |
| Expedia Group * | | | 6 | | | | 938 | |
| Ford Motor | | | 211 | | | | 2,171 | |
| Garmin | | | 8 | | | | 1,587 | |
| General Motors | | | 62 | | | | 3,147 | |
| Genuine Parts | | | 7 | | | | 803 | |
| Hasbro | | | 5 | | | | 328 | |
| Hilton Worldwide Holdings | | | 14 | | | | 3,288 | |
| Home Depot | | | 53 | | | | 20,869 | |
| Las Vegas Sands | | | 18 | | | | 933 | |
| Lennar, Cl A | | | 12 | | | | 2,044 | |
| LKQ | | | 16 | | | | 589 | |
| Lowe’s | | | 31 | | | | 8,117 | |
| Lululemon Athletica * | | | 6 | | | | 1,787 | |
| Marriott International, Cl A | | | 13 | | | | 3,380 | |
| McDonald’s | | | 39 | | | | 11,392 | |
| MGM Resorts International * | | | 12 | | | | 442 | |
| Mohawk Industries * | | | 4 | | | | 537 | |
| NIKE, Cl B | | | 63 | | | | 4,859 | |
| Norwegian Cruise Line Holdings * | | | 18 | | | | 456 | |
| O’Reilly Automotive * | | | 3 | | | | 3,459 | |
| Pool | | | 3 | | | | 1,085 | |
| PulteGroup | | | 11 | | | | 1,425 | |
| Ralph Lauren, Cl A | | | 3 | | | | 594 | |
The accompanying notes are an integral part of the financial statements.
107
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Tail Risk ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Discretionary — continued | | | | | | | | |
| Ross Stores | | | 17 | | | $ | 2,375 | |
| Royal Caribbean Cruises | | | 13 | | | | 2,683 | |
| Starbucks | | | 60 | | | | 5,862 | |
| Tapestry | | | 10 | | | | 475 | |
| Tesla * | | | 147 | | | | 36,728 | |
| TJX | | | 61 | | | | 6,895 | |
| Tractor Supply | | | 5 | | | | 1,328 | |
| Ulta Beauty * | | | 3 | | | | 1,107 | |
| Wynn Resorts | | | 4 | | | | 384 | |
| Yum! Brands | | | 15 | | | | 1,967 | |
| | | | | | | | 257,020 | |
| Consumer Staples — 5.7% | | | | | | | | |
| Altria Group | | | 89 | | | | 4,847 | |
| Archer-Daniels-Midland | | | 25 | | | | 1,380 | |
| Brown-Forman, Cl B | | | 12 | | | | 528 | |
| Bunge Global | | | 7 | | | | 588 | |
| Campbell Soup | | | 12 | | | | 560 | |
| Church & Dwight | | | 14 | | | | 1,399 | |
| Clorox | | | 6 | | | | 951 | |
| Coca-Cola | | | 205 | | | | 13,389 | |
| Colgate-Palmolive | | | 43 | | | | 4,030 | |
| Conagra Brands | | | 24 | | | | 695 | |
| Constellation Brands, Cl A | | | 9 | | | | 2,091 | |
| Costco Wholesale | | | 23 | | | | 20,106 | |
| Dollar General | | | 12 | | | | 960 | |
| Dollar Tree * | | | 12 | | | | 776 | |
| Estee Lauder, Cl A | | | 11 | | | | 758 | |
| General Mills | | | 29 | | | | 1,973 | |
| Hershey | | | 8 | | | | 1,421 | |
| Hormel Foods | | | 15 | | | | 458 | |
| J M Smucker | | | 4 | | | | 454 | |
| Kellanova | | | 14 | | | | 1,129 | |
| Kenvue | | | 94 | | | | 2,155 | |
| Keurig Dr Pepper | | | 67 | | | | 2,208 | |
| Kimberly-Clark | | | 17 | | | | 2,281 | |
| Kraft Heinz | | | 46 | | | | 1,539 | |
| Kroger | | | 35 | | | | 1,952 | |
| Lamb Weston Holdings | | | 7 | | | | 544 | |
The accompanying notes are an integral part of the financial statements.
108
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Tail Risk ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Staples — continued | | | | | | | | |
| McCormick | | | 12 | | | $ | 939 | |
| Molson Coors Beverage, Cl B | | | 11 | | | | 599 | |
| Mondelez International, Cl A | | | 71 | | | | 4,862 | |
| Monster Beverage * | | | 37 | | | | 1,949 | |
| PepsiCo | | | 73 | | | | 12,124 | |
| Philip Morris International | | | 82 | | | | 10,881 | |
| Procter & Gamble | | | 125 | | | | 20,647 | |
| Sysco | | | 26 | | | | 1,949 | |
| Target | | | 24 | | | | 3,601 | |
| Tyson Foods, Cl A | | | 15 | | | | 879 | |
| Walgreens Boots Alliance | | | 38 | | | | 359 | |
| Walmart | | | 229 | | | | 18,767 | |
| | | | | | | | 146,728 | |
| Energy — 3.4% | | | | | | | | |
| APA | | | 17 | | | | 401 | |
| Baker Hughes, Cl A | | | 54 | | | | 2,056 | |
| Chevron | | | 90 | | | | 13,394 | |
| ConocoPhillips | | | 61 | | | | 6,682 | |
| Coterra Energy | | | 38 | | | | 909 | |
| Devon Energy | | | 32 | | | | 1,238 | |
| Diamondback Energy | | | 10 | | | | 1,768 | |
| EOG Resources | | | 30 | | | | 3,659 | |
| EQT | | | 32 | | | | 1,169 | |
| Exxon Mobil | | | 235 | | | | 27,443 | |
| Halliburton | | | 48 | | | | 1,331 | |
| Hess | | | 15 | | | | 2,017 | |
| Kinder Morgan | | | 104 | | | | 2,549 | |
| Marathon Oil | | | 28 | | | | 776 | |
| Marathon Petroleum | | | 18 | | | | 2,618 | |
| Occidental Petroleum | | | 37 | | | | 1,854 | |
| ONEOK | | | 32 | | | | 3,100 | |
| Phillips 66 | | | 23 | | | | 2,802 | |
| Schlumberger | | | 78 | | | | 3,125 | |
| Targa Resources | | | 12 | | | | 2,004 | |
| Valero Energy | | | 18 | | | | 2,336 | |
| Williams | | | 64 | | | | 3,352 | |
| | | | | | | | 86,583 | |
The accompanying notes are an integral part of the financial statements.
109
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Tail Risk ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — 13.3% | | | | | | | | |
| Aflac | | | 26 | | | $ | 2,725 | |
| Allstate | | | 13 | | | | 2,425 | |
| American Express | | | 31 | | | | 8,372 | |
| American International Group | | | 34 | | | | 2,580 | |
| Ameriprise Financial | | | 5 | | | | 2,551 | |
| Aon PLC, Cl A | | | 12 | | | | 4,402 | |
| Arch Capital Group * | | | 20 | | | | 1,971 | |
| Arthur J Gallagher | | | 12 | | | | 3,374 | |
| Assurant | | | 4 | | | | 767 | |
| Bank of America | | | 357 | | | | 14,930 | |
| Bank of New York Mellon | | | 40 | | | | 3,014 | |
| Berkshire Hathaway, Cl B * | | | 97 | | | | 43,739 | |
| BlackRock Funding | | | 7 | | | | 6,867 | |
| Blackstone | | | 38 | | | | 6,375 | |
| Brown & Brown | | | 13 | | | | 1,360 | |
| Capital One Financial | | | 19 | | | | 3,093 | |
| Cboe Global Markets | | | 4 | | | | 854 | |
| Charles Schwab | | | 79 | | | | 5,596 | |
| Chubb | | | 21 | | | | 5,931 | |
| Cincinnati Financial | | | 9 | | | | 1,267 | |
| Citigroup | | | 103 | | | | 6,610 | |
| Citizens Financial Group | | | 24 | | | | 1,011 | |
| CME Group, Cl A | | | 20 | | | | 4,507 | |
| Corpay * | | | 3 | | | | 989 | |
| Discover Financial Services | | | 14 | | | | 2,078 | |
| Erie Indemnity, Cl A | | | 1 | | | | 449 | |
| Everest Group | | | 3 | | | | 1,067 | |
| FactSet Research Systems | | | 2 | | | | 908 | |
| Fidelity National Information Services | | | 29 | | | | 2,602 | |
| Fifth Third Bancorp | | | 35 | | | | 1,529 | |
| Fiserv * | | | 30 | | | | 5,937 | |
| Franklin Resources | | | 13 | | | | 270 | |
| Global Payments | | | 14 | | | | 1,452 | |
| Globe Life | | | 3 | | | | 317 | |
| Goldman Sachs Group | | | 17 | | | | 8,802 | |
| Hartford Financial Services Group | | | 16 | | | | 1,767 | |
| Huntington Bancshares | | | 76 | | | | 1,185 | |
| Intercontinental Exchange | | | 31 | | | | 4,832 | |
| Invesco | | | 26 | | | | 451 | |
The accompanying notes are an integral part of the financial statements.
110
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Tail Risk ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| Jack Henry & Associates | | | 5 | | | $ | 910 | |
| JPMorgan Chase | | | 151 | | | | 33,510 | |
| KeyCorp | | | 50 | | | | 863 | |
| KKR | | | 35 | | | | 4,838 | |
| Loews | | | 11 | | | | 869 | |
| M&T Bank | | | 9 | | | | 1,752 | |
| MarketAxess Holdings | | | 3 | | | | 868 | |
| Marsh & McLennan | | | 26 | | | | 5,674 | |
| Mastercard, Cl A | | | 44 | | | | 21,982 | |
| MetLife | | | 31 | | | | 2,431 | |
| Moody’s | | | 9 | | | | 4,086 | |
| Morgan Stanley | | | 65 | | | | 7,556 | |
| MSCI, Cl A | | | 4 | | | | 2,285 | |
| Nasdaq | | | 19 | | | | 1,404 | |
| Northern Trust | | | 9 | | | | 905 | |
| PayPal Holdings * | | | 55 | | | | 4,362 | |
| PNC Financial Services Group | | | 21 | | | | 3,954 | |
| Principal Financial Group | | | 12 | | | | 989 | |
| Progressive | | | 32 | | | | 7,771 | |
| Prudential Financial | | | 20 | | | | 2,450 | |
| Raymond James Financial | | | 9 | | | | 1,334 | |
| Regions Financial | | | 51 | | | | 1,217 | |
| S&P Global | | | 17 | | | | 8,166 | |
| State Street | | | 16 | | | | 1,485 | |
| Synchrony Financial | | | 21 | | | | 1,158 | |
| T Rowe Price Group | | | 12 | | | | 1,318 | |
| Travelers | | | 11 | | | | 2,705 | |
| Truist Financial | | | 73 | | | | 3,143 | |
| US Bancorp | | | 84 | | | | 4,058 | |
| Visa, Cl A | | | 88 | | | | 25,507 | |
| W R Berkley | | | 13 | | | | 743 | |
| Wells Fargo | | | 180 | | | | 11,686 | |
| Willis Towers Watson PLC | | | 5 | | | | 1,511 | |
| | | | | | | | 342,446 | |
| Health Care — 11.1% | | | | | | | | |
| Abbott Laboratories | | | 93 | | | | 10,543 | |
| AbbVie | | | 93 | | | | 18,960 | |
| Agilent Technologies | | | 16 | | | | 2,085 | |
The accompanying notes are an integral part of the financial statements.
111
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Tail Risk ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| Align Technology * | | | 3 | | | $ | 615 | |
| Amgen | | | 28 | | | | 8,965 | |
| Baxter International | | | 29 | | | | 1,035 | |
| Becton Dickinson | | | 16 | | | | 3,737 | |
| Biogen * | | | 8 | | | | 1,392 | |
| Bio-Techne | | | 8 | | | | 590 | |
| Boston Scientific * | | | 79 | | | | 6,638 | |
| Bristol-Myers Squibb | | | 109 | | | | 6,079 | |
| Cardinal Health | | | 13 | | | | 1,411 | |
| Catalent * | | | 10 | | | | 586 | |
| Cencora | | | 9 | | | | 2,053 | |
| Centene * | | | 28 | | | | 1,743 | |
| Charles River Laboratories International * | | | 2 | | | | 357 | |
| Cigna Group | | | 15 | | | | 4,722 | |
| Cooper * | | | 10 | | | | 1,047 | |
| CVS Health | | | 66 | | | | 3,726 | |
| Danaher | | | 34 | | | | 8,352 | |
| DaVita * | | | 2 | | | | 280 | |
| Dexcom * | | | 20 | | | | 1,410 | |
| Edwards Lifesciences * | | | 32 | | | | 2,144 | |
| Elevance Health | | | 12 | | | | 4,869 | |
| Eli Lilly | | | 42 | | | | 34,849 | |
| GE HealthCare Technologies | | | 21 | | | | 1,834 | |
| Gilead Sciences | | | 66 | | | | 5,862 | |
| HCA Healthcare | | | 10 | | | | 3,587 | |
| Henry Schein * | | | 6 | | | | 421 | |
| Hologic * | | | 12 | | | | 970 | |
| Humana | | | 6 | | | | 1,547 | |
| IDEXX Laboratories * | | | 4 | | | | 1,628 | |
| Incyte * | | | 8 | | | | 593 | |
| Insulet * | | | 4 | | | | 926 | |
| Intuitive Surgical * | | | 19 | | | | 9,573 | |
| IQVIA Holdings * | | | 10 | | | | 2,058 | |
| Johnson & Johnson | | | 128 | | | | 20,462 | |
| Labcorp Holdings | | | 3 | | | | 685 | |
| McKesson | | | 7 | | | | 3,504 | |
| Medtronic PLC | | | 68 | | | | 6,069 | |
| Merck | | | 134 | | | | 13,711 | |
| Mettler-Toledo International * | | | 1 | | | | 1,292 | |
The accompanying notes are an integral part of the financial statements.
112
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Tail Risk ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| Moderna * | | | 18 | | | $ | 979 | |
| Molina Healthcare * | | | 3 | | | | 964 | |
| Pfizer | | | 303 | | | | 8,575 | |
| Quest Diagnostics | | | 5 | | | | 774 | |
| Regeneron Pharmaceuticals * | | | 6 | | | | 5,029 | |
| ResMed | | | 8 | | | | 1,940 | |
| Revvity | | | 6 | | | | 712 | |
| Solventum * | | | 6 | | | | 436 | |
| STERIS PLC | | | 5 | | | | 1,109 | |
| Stryker | | | 19 | | | | 6,769 | |
| Teleflex | | | 2 | | | | 402 | |
| Thermo Fisher Scientific | | | 20 | | | | 10,926 | |
| UnitedHealth Group | | | 49 | | | | 27,661 | |
| Universal Health Services, Cl B | | | 4 | | | | 817 | |
| Vertex Pharmaceuticals * | | | 14 | | | | 6,664 | |
| Viatris | | | 63 | | | | 731 | |
| Waters * | | | 3 | | | | 969 | |
| West Pharmaceutical Services | | | 4 | | | | 1,232 | |
| Zimmer Biomet Holdings | | | 12 | | | | 1,283 | |
| Zoetis, Cl A | | | 24 | | | | 4,291 | |
| | | | | | | | 285,173 | |
| Industrials — 8.4% | | | | | | | | |
| 3M | | | 29 | | | | 3,726 | |
| A O Smith | | | 5 | | | | 376 | |
| Allegion PLC | | | 2 | | | | 279 | |
| Amentum Holdings * | | | 6 | | | | 178 | |
| AMETEK | | | 12 | | | | 2,200 | |
| Automatic Data Processing | | | 22 | | | | 6,363 | |
| Axon Enterprise * | | | 3 | | | | 1,271 | |
| Boeing * | | | 40 | | | | 5,972 | |
| Broadridge Financial Solutions | | | 5 | | | | 1,054 | |
| Builders FirstSource * | | | 6 | | | | 1,028 | |
| Carrier Global | | | 44 | | | | 3,200 | |
| Caterpillar | | | 26 | | | | 9,781 | |
| CH Robinson Worldwide | | | 5 | | | | 515 | |
| Cintas | | | 18 | | | | 3,705 | |
| Copart * | | | 46 | | | | 2,368 | |
| CSX | | | 103 | | | | 3,465 | |
The accompanying notes are an integral part of the financial statements.
113
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Tail Risk ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| Cummins | | | 8 | | | $ | 2,632 | |
| Dayforce * | | | 8 | | | | 568 | |
| Deere | | | 14 | | | | 5,666 | |
| Delta Air Lines | | | 36 | | | | 2,060 | |
| Dover | | | 7 | | | | 1,325 | |
| Eaton PLC | | | 21 | | | | 6,963 | |
| Emerson Electric | | | 30 | | | | 3,248 | |
| Equifax | | | 7 | | | | 1,855 | |
| Expeditors International of Washington | | | 8 | | | | 952 | |
| Fastenal | | | 31 | | | | 2,424 | |
| FedEx | | | 11 | | | | 3,012 | |
| Fortive | | | 19 | | | | 1,357 | |
| GE Vernova * | | | 14 | | | | 4,223 | |
| Generac Holdings * | | | 3 | | | | 497 | |
| General Dynamics | | | 14 | | | | 4,083 | |
| General Electric | | | 57 | | | | 9,791 | |
| Honeywell International | | | 34 | | | | 6,993 | |
| Howmet Aerospace | | | 22 | | | | 2,194 | |
| Hubbell, Cl B | | | 3 | | | | 1,281 | |
| Huntington Ingalls Industries | | | 3 | | | | 555 | |
| IDEX | | | 3 | | | | 644 | |
| Illinois Tool Works | | | 14 | | | | 3,656 | |
| Ingersoll Rand | | | 20 | | | | 1,920 | |
| Jacobs Solutions | | | 6 | | | | 843 | |
| JB Hunt Transport Services | | | 4 | | | | 722 | |
| Johnson Controls International | | | 37 | | | | 2,795 | |
| L3Harris Technologies | | | 10 | | | | 2,475 | |
| Leidos Holdings | | | 7 | | | | 1,282 | |
| Lockheed Martin | | | 11 | | | | 6,007 | |
| Masco | | | 12 | | | | 959 | |
| Nordson | | | 3 | | | | 744 | |
| Norfolk Southern | | | 11 | | | | 2,755 | |
| Northrop Grumman | | | 7 | | | | 3,563 | |
| Old Dominion Freight Line | | | 11 | | | | 2,215 | |
| Otis Worldwide | | | 22 | | | | 2,160 | |
| PACCAR | | | 26 | | | | 2,711 | |
| Parker-Hannifin | | | 7 | | | | 4,438 | |
| Paychex | | | 18 | | | | 2,508 | |
| Paycom Software | | | 2 | | | | 418 | |
The accompanying notes are an integral part of the financial statements.
114
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Tail Risk ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| Pentair PLC | | | 8 | | | $ | 793 | |
| Quanta Services | | | 7 | | | | 2,111 | |
| Republic Services, Cl A | | | 11 | | | | 2,178 | |
| Rockwell Automation | | | 5 | | | | 1,334 | |
| Rollins | | | 12 | | | | 566 | |
| RTX | | | 71 | | | | 8,590 | |
| Snap-On | | | 3 | | | | 990 | |
| Southwest Airlines | | | 32 | | | | 979 | |
| Stanley Black & Decker | | | 7 | | | | 651 | |
| Textron | | | 11 | | | | 885 | |
| Trane Technologies PLC | | | 12 | | | | 4,442 | |
| TransDigm Group | | | 3 | | | | 3,907 | |
| Uber Technologies * | | | 110 | | | | 7,926 | |
| Union Pacific | | | 33 | | | | 7,658 | |
| United Airlines Holdings * | | | 16 | | | | 1,252 | |
| United Parcel Service, Cl B | | | 39 | | | | 5,228 | |
| United Rentals | | | 4 | | | | 3,251 | |
| Veralto | | | 13 | | | | 1,328 | |
| Verisk Analytics, Cl A | | | 8 | | | | 2,198 | |
| Waste Management | | | 19 | | | | 4,101 | |
| Westinghouse Air Brake Technologies | | | 9 | | | | 1,692 | |
| WW Grainger | | | 2 | | | | 2,218 | |
| Xylem | | | 11 | | | | 1,340 | |
| | | | | | | | 215,593 | |
| Information Technology — 30.8% | | | | | | | | |
| Adobe * | | | 24 | | | | 11,474 | |
| Advanced Micro Devices * | | | 87 | | | | 12,534 | |
| Akamai Technologies * | | | 8 | | | | 809 | |
| Amphenol, Cl A | | | 64 | | | | 4,289 | |
| Analog Devices | | | 27 | | | | 6,024 | |
| ANSYS * | | | 4 | | | | 1,282 | |
| Apple | | | 805 | | | | 181,858 | |
| Applied Materials | | | 45 | | | | 8,171 | |
| Arista Networks * | | | 13 | | | | 5,024 | |
| Autodesk * | | | 11 | | | | 3,122 | |
| Broadcom | | | 246 | | | | 41,763 | |
| Cadence Design Systems * | | | 14 | | | | 3,866 | |
| CDW | | | 7 | | | | 1,318 | |
The accompanying notes are an integral part of the financial statements.
115
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Tail Risk ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Information Technology — continued | | | | | | | | |
| Cisco Systems | | | 213 | | | $ | 11,666 | |
| Cognizant Technology Solutions, Cl A | | | 26 | | | | 1,939 | |
| Corning | | | 42 | | | | 1,999 | |
| Crowdstrike Holdings, Cl A * | | | 12 | | | | 3,562 | |
| Dell Technologies, Cl C | | | 15 | | | | 1,854 | |
| Enphase Energy * | | | 8 | | | | 664 | |
| EPAM Systems * | | | 4 | | | | 755 | |
| F5 * | | | 4 | | | | 935 | |
| Fair Isaac * | | | 1 | | | | 1,993 | |
| First Solar * | | | 6 | | | | 1,167 | |
| Fortinet * | | | 33 | | | | 2,596 | |
| Gartner * | | | 4 | | | | 2,010 | |
| Gen Digital | | | 29 | | | | 844 | |
| GoDaddy, Cl A * | | | 7 | | | | 1,168 | |
| Hewlett Packard Enterprise | | | 67 | | | | 1,306 | |
| HP | | | 46 | | | | 1,634 | |
| Intel | | | 229 | | | | 4,928 | |
| International Business Machines | | | 50 | | | | 10,336 | |
| Intuit | | | 15 | | | | 9,154 | |
| Jabil | | | 6 | | | | 739 | |
| Juniper Networks | | | 17 | | | | 661 | |
| Keysight Technologies * | | | 8 | | | | 1,192 | |
| KLA | | | 7 | | | | 4,664 | |
| Lam Research | | | 70 | | | | 5,204 | |
| Microchip Technology | | | 29 | | | | 2,128 | |
| Micron Technology | | | 60 | | | | 5,979 | |
| Microsoft | | | 394 | | | | 160,102 | |
| Monolithic Power Systems | | | 3 | | | | 2,278 | |
| Motorola Solutions | | | 9 | | | | 4,044 | |
| NetApp | | | 10 | | | | 1,153 | |
| NVIDIA | | | 1,303 | | | | 172,986 | |
| ON Semiconductor * | | | 23 | | | | 1,621 | |
| Oracle | | | 85 | | | | 14,266 | |
| Palantir Technologies, Cl A * | | | 106 | | | | 4,405 | |
| Palo Alto Networks * | | | 17 | | | | 6,126 | |
| PTC * | | | 7 | | | | 1,297 | |
| Qorvo * | | | 5 | | | | 356 | |
| QUALCOMM | | | 59 | | | | 9,603 | |
| Roper Technologies | | | 6 | | | | 3,226 | |
The accompanying notes are an integral part of the financial statements.
116
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Tail Risk ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Information Technology — continued | | | | | | | | |
| Salesforce | | | 51 | | | $ | 14,860 | |
| Seagate Technology Holdings | | | 11 | | | | 1,104 | |
| ServiceNow * | | | 11 | | | | 10,263 | |
| Skyworks Solutions | | | 8 | | | | 701 | |
| Super Micro Computer * | | | 30 | | | | 873 | |
| Synopsys * | | | 8 | | | | 4,109 | |
| Teledyne Technologies * | | | 2 | | | | 911 | |
| Teradyne | | | 8 | | | | 850 | |
| Texas Instruments | | | 49 | | | | 9,955 | |
| Trimble * | | | 12 | | | | 726 | |
| Tyler Technologies * | | | 2 | | | | 1,211 | |
| VeriSign * | | | 3 | | | | 531 | |
| Western Digital * | | | 16 | | | | 1,045 | |
| Zebra Technologies, Cl A * | | | 3 | | | | 1,146 | |
| | | | | | | | 792,359 | |
| Materials — 2.2% | | | | | | | | |
| Air Products & Chemicals | | | 12 | | | | 3,726 | |
| Albemarle | | | 5 | | | | 474 | |
| Amcor PLC | | | 79 | | | | 879 | |
| Avery Dennison | | | 4 | | | | 828 | |
| Ball | | | 17 | | | | 1,007 | |
| Celanese, Cl A | | | 5 | | | | 630 | |
| CF Industries Holdings | | | 11 | | | | 905 | |
| Corteva | | | 36 | | | | 2,193 | |
| Dow | | | 38 | | | | 1,876 | |
| DuPont de Nemours | | | 21 | | | | 1,743 | |
| Eastman Chemical | | | 6 | | | | 631 | |
| Ecolab | | | 14 | | | | 3,440 | |
| FMC | | | 8 | | | | 520 | |
| Freeport-McMoRan | | | 78 | | | | 3,512 | |
| International Flavors & Fragrances | | | 12 | | | | 1,193 | |
| International Paper | | | 19 | | | | 1,055 | |
| Linde PLC | | | 26 | | | | 11,860 | |
| LyondellBasell Industries, Cl A | | | 13 | | | | 1,129 | |
| Martin Marietta Materials | | | 3 | | | | 1,777 | |
| Mosaic | | | 19 | | | | 508 | |
| Newmont | | | 63 | | | | 2,863 | |
| Nucor | | | 12 | | | | 1,702 | |
The accompanying notes are an integral part of the financial statements.
117
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Tail Risk ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Materials — continued | | | | | | | | |
| Packaging Corp of America | | | 5 | | | $ | 1,145 | |
| PPG Industries | | | 11 | | | | 1,370 | |
| Sherwin-Williams | | | 12 | | | | 4,305 | |
| Smurfit WestRock PLC | | | 28 | | | | 1,442 | |
| Steel Dynamics | | | 8 | | | | 1,044 | |
| Vulcan Materials | | | 7 | | | | 1,918 | |
| | | | | | | | 55,675 | |
| Real Estate — 2.2% | | | | | | | | |
| Alexandria Real Estate Equities † | | | 8 | | | | 892 | |
| American Tower † | | | 25 | | | | 5,339 | |
| AvalonBay Communities † | | | 7 | | | | 1,551 | |
| BXP † | | | 7 | | | | 564 | |
| Camden Property Trust † | | | 4 | | | | 463 | |
| CBRE Group, Cl A * | | | 16 | | | | 2,096 | |
| CoStar Group * | | | 21 | | | | 1,529 | |
| Crown Castle † | | | 24 | | | | 2,580 | |
| Digital Realty Trust † | | | 15 | | | | 2,674 | |
| Equinix † | | | 5 | | | | 4,540 | |
| Equity Residential † | | | 18 | | | | 1,267 | |
| Essex Property Trust † | | | 4 | | | | 1,135 | |
| Extra Space Storage † | | | 11 | | | | 1,796 | |
| Federal Realty Investment Trust † | | | 5 | | | | 554 | |
| Healthpeak Properties † | | | 38 | | | | 853 | |
| Host Hotels & Resorts † | | | 35 | | | | 603 | |
| Invitation Homes † | | | 30 | | | | 942 | |
| Iron Mountain † | | | 15 | | | | 1,856 | |
| Kimco Realty † | | | 33 | | | | 783 | |
| Mid-America Apartment Communities † | | | 7 | | | | 1,059 | |
| ProLogis † | | | 50 | | | | 5,647 | |
| Public Storage † | | | 8 | | | | 2,633 | |
| Realty Income † | | | 46 | | | | 2,731 | |
| Regency Centers † | | | 8 | | | | 572 | |
| SBA Communications, Cl A † | | | 6 | | | | 1,377 | |
| Simon Property Group † | | | 16 | | | | 2,706 | |
| UDR † | | | 16 | | | | 675 | |
| Ventas † | | | 20 | | | | 1,310 | |
| VICI Properties, Cl A † | | | 54 | | | | 1,715 | |
| Welltower † | | | 30 | | | | 4,046 | |
The accompanying notes are an integral part of the financial statements.
118
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Tail Risk ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | |
| Real Estate — continued | | | | | | |
| Weyerhaeuser † | | | 40 | | | $ | 1,246 | |
| | | | | | | | 57,734 | |
| Utilities — 2.5% | | | | | | | | |
| AES | | | 30 | | | | 495 | |
| Alliant Energy | | | 13 | | | | 780 | |
| Ameren | | | 14 | | | | 1,220 | |
| American Electric Power | | | 26 | | | | 2,568 | |
| American Water Works | | | 11 | | | | 1,519 | |
| Atmos Energy | | | 7 | | | | 971 | |
| CenterPoint Energy | | | 32 | | | | 945 | |
| CMS Energy | | | 15 | | | | 1,044 | |
| Consolidated Edison | | | 19 | | | | 1,932 | |
| Constellation Energy | | | 17 | | | | 4,470 | |
| Dominion Energy | | | 45 | | | | 2,679 | |
| DTE Energy | | | 12 | | | | 1,491 | |
| Duke Energy | | | 42 | | | | 4,841 | |
| Edison International | | | 19 | | | | 1,566 | |
| Entergy | | | 12 | | | | 1,857 | |
| Evergy | | | 10 | | | | 604 | |
| Eversource Energy | | | 19 | | | | 1,251 | |
| Exelon | | | 54 | | | | 2,122 | |
| FirstEnergy | | | 30 | | | | 1,255 | |
| NextEra Energy | | | 110 | | | | 8,718 | |
| NiSource | | | 19 | | | | 668 | |
| NRG Energy | | | 11 | | | | 994 | |
| PG&E | | | 110 | | | | 2,224 | |
| Pinnacle West Capital | | | 6 | | | | 527 | |
| PPL | | | 39 | | | | 1,270 | |
| Public Service Enterprise Group | | | 27 | | | | 2,414 | |
| Sempra | | | 33 | | | | 2,751 | |
| Southern | | | 58 | | | | 5,280 | |
| Vistra | | | 19 | | | | 2,374 | |
| WEC Energy Group | | | 16 | | | | 1,528 | |
| Xcel Energy | | | 29 | | | | 1,938 | |
| | | | | | | | 64,296 | |
| TOTAL UNITED STATES | | | | | | | 2,536,160 | |
TOTAL COMMON STOCK
(Cost $2,061,704) | | | | | | | 2,553,291 | |
The accompanying notes are an integral part of the financial statements.
119
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Tail Risk ETF |
| | | Value | |
PURCHASED OPTIONS — 0.6%
(Cost $17,756) | | $ | 16,068 | |
TOTAL INVESTMENTS — 99.9%
(Cost $2,079,460) | | $ | 2,569,359 | |
Percentages are based on Net Assets of $2,571,683.
A list of the exchange traded option contracts held by the Fund at October 31, 2024, is as follows:
| Description | | Number of
Contracts | | | Notional
Amount | | | Exercise
Price | | | Expiration
Date | | Value | |
| PURCHASED OPTIONS — 0.6% | | | | | | | | | | | | | | | | | | |
| Put Options | | | | | | | | | | | | | | | | | | |
| Mini-SPX Index | | | 4 | | | $ | 228,216 | | | $ | 510 | | | 12/21/24 | | $ | 2,568 | |
| S&P 500 Index | | | 4 | | | | 2,282,180 | | | | 5,120 | | | 12/21/24 | | | 13,500 | |
| | | | | | | | | | | | | | | | | | | |
| Total Purchased Options | | | | | | $ | 2,510,396 | | | | | | | | | $ | 16,068 | |
| * | Non-income producing security. |
| † | Real Estate Investment Trust |
As of October 31, 2024, all of the Fund’s investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.
See “Glossary” for abbreviations.
The accompanying notes are an integral part of the financial statements.
120
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Collar 95-110 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — 98.9% | | | | | | | | |
| CHINA — 0.1% | | | | | | | | |
| Information Technology — 0.1% | | | | | | | | |
| NXP Semiconductors (A) | | | 10 | | | $ | 2,345 | |
| | | | | | | | | |
| IRELAND — 0.5% | | | | | | | | |
| Information Technology — 0.5% | | | | | | | | |
| Accenture PLC, Cl A (A) | | | 25 | | | | 8,621 | |
| | | | | | | | | |
| SWITZERLAND — 0.1% | | | | | | | | |
| Information Technology — 0.1% | | | | | | | | |
| TE Connectivity PLC (A) | | | 12 | | | | 1,769 | |
| | | | | | | | | |
| UNITED STATES — 98.2% | | | | | | | | |
| Communication Services — 8.9% | | | | | | | | |
| Alphabet, Cl A (A) | | | 231 | | | | 39,526 | |
| Alphabet, Cl C (A) | | | 188 | | | | 32,466 | |
| AT&T (A) | | | 282 | | | | 6,356 | |
| Charter Communications, Cl A *(A) | | | 3 | | | | 983 | |
| Comcast, Cl A (A) | | | 152 | | | | 6,638 | |
| Fox, Cl A (A) | | | 8 | | | | 336 | |
| Fox, Cl B (A) | | | 6 | | | | 234 | |
| Interpublic Group (A) | | | 15 | | | | 441 | |
| Live Nation Entertainment *(A) | | | 6 | | | | 703 | |
| Match Group *(A) | | | 11 | | | | 396 | |
| Meta Platforms, Cl A (A) | | | 86 | | | | 48,812 | |
| Netflix *(A) | | | 17 | | | | 12,853 | |
| News, Cl A (A) | | | 19 | | | | 518 | |
| News, Cl B (A) | | | 6 | | | | 174 | |
| Omnicom Group (A) | | | 8 | | | | 808 | |
| Paramount Global, Cl B (A) | | | 26 | | | | 284 | |
| T-Mobile US (A) | | | 20 | | | | 4,463 | |
| Verizon Communications (A) | | | 165 | | | | 6,952 | |
| Walt Disney (A) | | | 72 | | | | 6,926 | |
| Warner Bros Discovery *(A) | | | 97 | | | | 789 | |
| | | | | | | | 170,658 | |
| Consumer Discretionary — 9.7% | | | | | | | | |
| Airbnb, Cl A *(A) | | | 17 | | | | 2,291 | |
| Amazon.com *(A) | | | 368 | | | | 68,595 | |
The accompanying notes are an integral part of the financial statements.
121
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Collar 95-110 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Discretionary — continued | | | | | | | | |
| Aptiv PLC *(A) | | | 11 | | | $ | 625 | |
| AutoZone *(A) | | | 1 | | | | 3,009 | |
| Best Buy (A) | | | 8 | | | | 723 | |
| Booking Holdings (A) | | | 1 | | | | 4,676 | |
| BorgWarner (A) | | | 9 | | | | 303 | |
| Caesars Entertainment *(A) | | | 8 | | | | 320 | |
| CarMax *(A) | | | 6 | | | | 434 | |
| Carnival *(A) | | | 39 | | | | 858 | |
| Chipotle Mexican Grill, Cl A *(A) | | | 51 | | | | 2,844 | |
| Darden Restaurants (A) | | | 4 | | | | 640 | |
| Deckers Outdoor *(A) | | | 6 | | | | 965 | |
| Domino’s Pizza (A) | | | 2 | | | | 827 | |
| DR Horton (A) | | | 12 | | | | 2,028 | |
| eBay (A) | | | 19 | | | | 1,093 | |
| Expedia Group *(A) | | | 5 | | | | 782 | |
| Ford Motor (A) | | | 159 | | | | 1,636 | |
| General Motors (A) | | | 45 | | | | 2,284 | |
| Genuine Parts (A) | | | 6 | | | | 688 | |
| Hasbro (A) | | | 6 | | | | 394 | |
| Hilton Worldwide Holdings (A) | | | 9 | | | | 2,114 | |
| Home Depot (A) | | | 39 | | | | 15,356 | |
| Las Vegas Sands (A) | | | 16 | | | | 830 | |
| Lennar, Cl A (A) | | | 9 | | | | 1,533 | |
| LKQ (A) | | | 12 | | | | 442 | |
| Lowe’s (A) | | | 22 | | | | 5,760 | |
| Lululemon Athletica *(A) | | | 4 | | | | 1,192 | |
| Marriott International, Cl A (A) | | | 9 | | | | 2,340 | |
| McDonald’s (A) | | | 28 | | | | 8,179 | |
| MGM Resorts International *(A) | | | 10 | | | | 369 | |
| Mohawk Industries *(A) | | | 2 | | | | 269 | |
| NIKE, Cl B (A) | | | 47 | | | | 3,625 | |
| Norwegian Cruise Line Holdings *(A) | | | 8 | | | | 203 | |
| O’Reilly Automotive *(A) | | | 2 | | | | 2,306 | |
| Pool (A) | | | 2 | | | | 723 | |
| PulteGroup (A) | | | 8 | | | | 1,036 | |
| Ralph Lauren, Cl A (A) | | | 2 | | | | 396 | |
| Ross Stores (A) | | | 14 | | | | 1,956 | |
| Royal Caribbean Cruises (A) | | | 8 | | | | 1,651 | |
| Starbucks (A) | | | 46 | | | | 4,494 | |
The accompanying notes are an integral part of the financial statements.
122
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Collar 95-110 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Discretionary — continued | | | | | | | | |
| Tapestry (A) | | | 8 | | | $ | 380 | |
| Tesla *(A) | | | 109 | | | | 27,234 | |
| TJX (A) | | | 45 | | | | 5,086 | |
| Tractor Supply (A) | | | 4 | | | | 1,062 | |
| Ulta Beauty *(A) | | | 2 | | | | 738 | |
| Wynn Resorts (A) | | | 1 | | | | 96 | |
| Yum! Brands (A) | | | 11 | | | | 1,443 | |
| | | | | | | | 186,828 | |
| Consumer Staples — 5.7% | | | | | | | | |
| Altria Group (A) | | | 68 | | | | 3,703 | |
| Archer-Daniels-Midland (A) | | | 19 | | | | 1,049 | |
| Brown-Forman, Cl B (A) | | | 6 | | | | 264 | |
| Bunge Global (A) | | | 5 | | | | 420 | |
| Campbell Soup (A) | | | 8 | | | | 373 | |
| Church & Dwight (A) | | | 9 | | | | 899 | |
| Clorox (A) | | | 5 | | | | 793 | |
| Coca-Cola (A) | | | 153 | | | | 9,992 | |
| Colgate-Palmolive (A) | | | 31 | | | | 2,905 | |
| Conagra Brands (A) | | | 16 | | | | 463 | |
| Constellation Brands, Cl A (A) | | | 6 | | | | 1,394 | |
| Costco Wholesale (A) | | | 18 | | | | 15,735 | |
| Dollar General (A) | | | 9 | | | | 720 | |
| Dollar Tree *(A) | | | 8 | | | | 517 | |
| Estee Lauder, Cl A (A) | | | 7 | | | | 483 | |
| General Mills (A) | | | 20 | | | | 1,360 | |
| Hershey (A) | | | 6 | | | | 1,066 | |
| Hormel Foods (A) | | | 12 | | | | 367 | |
| J M Smucker (A) | | | 3 | | | | 341 | |
| Kellanova (A) | | | 10 | | | | 807 | |
| Kenvue (A) | | | 70 | | | | 1,605 | |
| Keurig Dr Pepper (A) | | | 40 | | | | 1,318 | |
| Kimberly-Clark (A) | | | 13 | | | | 1,744 | |
| Kraft Heinz (A) | | | 33 | | | | 1,104 | |
| Kroger (A) | | | 28 | | | | 1,562 | |
| Lamb Weston Holdings (A) | | | 6 | | | | 466 | |
| McCormick (A) | | | 10 | | | | 782 | |
| Molson Coors Beverage, Cl B (A) | | | 6 | | | | 327 | |
| Mondelez International, Cl A (A) | | | 52 | | | | 3,561 | |
The accompanying notes are an integral part of the financial statements.
123
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Collar 95-110 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Staples — continued | | | | | | | | |
| Monster Beverage *(A) | | | 29 | | | $ | 1,528 | |
| PepsiCo (A) | | | 54 | | | | 8,968 | |
| Philip Morris International (A) | | | 61 | | | | 8,095 | |
| Procter & Gamble (A) | | | 93 | | | | 15,362 | |
| Sysco (A) | | | 18 | | | | 1,349 | |
| Target (A) | | | 18 | | | | 2,701 | |
| Tyson Foods, Cl A (A) | | | 12 | | | | 703 | |
| Walgreens Boots Alliance (A) | | | 30 | | | | 284 | |
| Walmart (A) | | | 171 | | | | 14,013 | |
| | | | | | | | 109,123 | |
| Energy — 3.3% | | | | | | | | |
| APA (A) | | | 7 | | | | 165 | |
| Baker Hughes, Cl A (A) | | | 40 | | | | 1,523 | |
| Chevron (A) | | | 67 | | | | 9,971 | |
| ConocoPhillips (A) | | | 45 | | | | 4,929 | |
| Coterra Energy (A) | | | 30 | | | | 718 | |
| Devon Energy (A) | | | 24 | | | | 928 | |
| Diamondback Energy (A) | | | 7 | | | | 1,237 | |
| EOG Resources (A) | | | 22 | | | | 2,683 | |
| EQT (A) | | | 23 | | | | 840 | |
| Exxon Mobil (A) | | | 175 | | | | 20,437 | |
| Halliburton (A) | | | 36 | | | | 999 | |
| Hess (A) | | | 11 | | | | 1,479 | |
| Kinder Morgan (A) | | | 74 | | | | 1,814 | |
| Marathon Oil (A) | | | 24 | | | | 665 | |
| Marathon Petroleum (A) | | | 14 | | | | 2,037 | |
| Occidental Petroleum (A) | | | 28 | | | | 1,403 | |
| ONEOK (A) | | | 23 | | | | 2,228 | |
| Phillips 66 (A) | | | 16 | | | | 1,949 | |
| Schlumberger (A) | | | 58 | | | | 2,324 | |
| Targa Resources (A) | | | 9 | | | | 1,503 | |
| Valero Energy (A) | | | 13 | | | | 1,687 | |
| Williams (A) | | | 50 | | | | 2,619 | |
| | | | | | | | 64,138 | |
| Financials — 13.0% | | | | | | | | |
| Aflac (A) | | | 19 | | | | 1,991 | |
| Allstate (A) | | | 10 | | | | 1,865 | |
The accompanying notes are an integral part of the financial statements.
124
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Collar 95-110 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| American Express (A) | | | 22 | | | $ | 5,942 | |
| American International Group (A) | | | 26 | | | | 1,973 | |
| Ameriprise Financial (A) | | | 4 | | | | 2,041 | |
| Aon PLC, Cl A (A) | | | 9 | | | | 3,302 | |
| Arch Capital Group *(A) | | | 15 | | | | 1,478 | |
| Arthur J Gallagher (A) | | | 9 | | | | 2,531 | |
| Assurant (A) | | | 2 | | | | 383 | |
| Bank of America (A) | | | 266 | | | | 11,124 | |
| Bank of New York Mellon (A) | | | 29 | | | | 2,185 | |
| Berkshire Hathaway, Cl B *(A) | | | 72 | | | | 32,466 | |
| BlackRock Funding | | | 6 | | | | 5,886 | |
| Blackstone (A) | | | 28 | | | | 4,697 | |
| Brown & Brown (A) | | | 8 | | | | 837 | |
| Capital One Financial (A) | | | 15 | | | | 2,442 | |
| Cboe Global Markets (A) | | | 4 | | | | 854 | |
| Charles Schwab (A) | | | 60 | | | | 4,250 | |
| Chubb (A) | | | 15 | | | | 4,237 | |
| Cincinnati Financial (A) | | | 5 | | | | 704 | |
| Citigroup (A) | | | 76 | | | | 4,877 | |
| Citizens Financial Group (A) | | | 14 | | | | 590 | |
| CME Group, Cl A (A) | | | 15 | | | | 3,380 | |
| Corpay *(A) | | | 3 | | | | 989 | |
| Discover Financial Services (A) | | | 9 | | | | 1,336 | |
| Erie Indemnity, Cl A (A) | | | 1 | | | | 449 | |
| Everest Group (A) | | | 2 | | | | 711 | |
| FactSet Research Systems (A) | | | 2 | | | | 908 | |
| Fidelity National Information Services (A) | | | 21 | | | | 1,884 | |
| Fifth Third Bancorp (A) | | | 24 | | | | 1,048 | |
| Franklin Resources (A) | | | 14 | | | | 291 | |
| Global Payments (A) | | | 10 | | | | 1,037 | |
| Globe Life (A) | | | 3 | | | | 317 | |
| Goldman Sachs Group (A) | | | 12 | | | | 6,214 | |
| Hartford Financial Services Group (A) | | | 12 | | | | 1,325 | |
| Huntington Bancshares (A) | | | 60 | | | | 935 | |
| Intercontinental Exchange (A) | | | 23 | | | | 3,585 | |
| Invesco (A) | | | 24 | | | | 416 | |
| JPMorgan Chase (A) | | | 112 | | | | 24,855 | |
| KeyCorp (A) | | | 31 | | | | 535 | |
| KKR (A) | | | 26 | | | | 3,594 | |
The accompanying notes are an integral part of the financial statements.
125
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Collar 95-110 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| Loews (A) | | | 8 | | | $ | 632 | |
| M&T Bank (A) | | | 7 | | | | 1,363 | |
| MarketAxess Holdings (A) | | | 2 | | | | 579 | |
| Marsh & McLennan (A) | | | 20 | | | | 4,365 | |
| Mastercard, Cl A (A) | | | 33 | | | | 16,487 | |
| MetLife (A) | | | 23 | | | | 1,804 | |
| Moody’s (A) | | | 6 | | | | 2,724 | |
| Morgan Stanley (A) | | | 49 | | | | 5,696 | |
| MSCI, Cl A (A) | | | 3 | | | | 1,714 | |
| Nasdaq (A) | | | 16 | | | | 1,183 | |
| Northern Trust (A) | | | 8 | | | | 804 | |
| PayPal Holdings *(A) | | | 41 | | | | 3,251 | |
| PNC Financial Services Group (A) | | | 15 | | | | 2,824 | |
| Principal Financial Group (A) | | | 8 | | | | 659 | |
| Progressive (A) | | | 23 | | | | 5,585 | |
| Prudential Financial (A) | | | 14 | | | | 1,715 | |
| Raymond James Financial (A) | | | 8 | | | | 1,186 | |
| Regions Financial (A) | | | 31 | | | | 740 | |
| S&P Global (A) | | | 13 | | | | 6,245 | |
| State Street (A) | | | 12 | | | | 1,114 | |
| Synchrony Financial (A) | | | 16 | | | | 882 | |
| T Rowe Price Group (A) | | | 9 | | | | 989 | |
| Travelers (A) | | | 9 | | | | 2,213 | |
| Truist Financial (A) | | | 54 | | | | 2,325 | |
| US Bancorp (A) | | | 58 | | | | 2,802 | |
| Visa, Cl A (A) | | | 66 | | | | 19,130 | |
| W R Berkley (A) | | | 13 | | | | 743 | |
| Wells Fargo (A) | | | 134 | | | | 8,699 | |
| Willis Towers Watson PLC (A) | | | 4 | | | | 1,209 | |
| | | | | | | | 250,126 | |
| Health Care — 11.1% | | | | | | | | |
| Abbott Laboratories (A) | | | 69 | | | | 7,823 | |
| AbbVie (A) | | | 69 | | | | 14,067 | |
| Agilent Technologies (A) | | | 11 | | | | 1,433 | |
| Align Technology *(A) | | | 3 | | | | 615 | |
| Amgen (A) | | | 21 | | | | 6,723 | |
| Baxter International (A) | | | 20 | | | | 714 | |
| Becton Dickinson (A) | | | 11 | | | | 2,569 | |
The accompanying notes are an integral part of the financial statements.
126
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Collar 95-110 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| Biogen *(A) | | | 6 | | | $ | 1,044 | |
| Bio-Techne (A) | | | 6 | | | | 442 | |
| Boston Scientific *(A) | | | 58 | | | | 4,873 | |
| Bristol-Myers Squibb (A) | | | 82 | | | | 4,573 | |
| Cardinal Health (A) | | | 9 | | | | 977 | |
| Catalent *(A) | | | 7 | | | | 410 | |
| Cencora (A) | | | 7 | | | | 1,597 | |
| Centene *(A) | | | 19 | | | | 1,183 | |
| Charles River Laboratories International *(A) | | | 2 | | | | 357 | |
| Cigna Group (A) | | | 11 | | | | 3,463 | |
| Cooper *(A) | | | 9 | | | | 942 | |
| CVS Health (A) | | | 50 | | | | 2,823 | |
| Danaher (A) | | | 25 | | | | 6,141 | |
| DaVita *(A) | | | 2 | | | | 280 | |
| Dexcom *(A) | | | 14 | | | | 987 | |
| Edwards Lifesciences *(A) | | | 23 | | | | 1,541 | |
| Elevance Health (A) | | | 9 | | | | 3,652 | |
| Eli Lilly (A) | | | 31 | | | | 25,722 | |
| GE HealthCare Technologies (A) | | | 17 | | | | 1,485 | |
| Gilead Sciences (A) | | | 48 | | | | 4,263 | |
| HCA Healthcare (A) | | | 8 | | | | 2,870 | |
| Henry Schein *(A) | | | 6 | | | | 421 | |
| Hologic *(A) | | | 7 | | | | 566 | |
| Humana (A) | | | 5 | | | | 1,289 | |
| IDEXX Laboratories *(A) | | | 3 | | | | 1,221 | |
| Incyte *(A) | | | 7 | | | | 519 | |
| Insulet *(A) | | | 3 | | | | 695 | |
| Intuitive Surgical *(A) | | | 14 | | | | 7,054 | |
| IQVIA Holdings *(A) | | | 7 | | | | 1,441 | |
| Johnson & Johnson (A) | | | 94 | | | | 15,027 | |
| Labcorp Holdings (A) | | | 3 | | | | 685 | |
| McKesson (A) | | | 5 | | | | 2,503 | |
| Medtronic PLC (A) | | | 52 | | | | 4,641 | |
| Merck (A) | | | 99 | | | | 10,130 | |
| Mettler-Toledo International *(A) | | | 1 | | | | 1,292 | |
| Moderna *(A) | | | 13 | | | | 707 | |
| Molina Healthcare *(A) | | | 3 | | | | 964 | |
| Pfizer (A) | | | 223 | | | | 6,311 | |
| Quest Diagnostics (A) | | | 4 | | | | 619 | |
The accompanying notes are an integral part of the financial statements.
127
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Collar 95-110 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| Regeneron Pharmaceuticals *(A) | | | 4 | | | $ | 3,353 | |
| ResMed (A) | | | 6 | | | | 1,455 | |
| Revvity (A) | | | 4 | | | | 474 | |
| Solventum *(A) | | | 5 | | | | 363 | |
| STERIS PLC (A) | | | 4 | | | | 887 | |
| Stryker (A) | | | 14 | | | | 4,988 | |
| Teleflex (A) | | | 2 | | | | 402 | |
| Thermo Fisher Scientific (A) | | | 15 | | | | 8,195 | |
| UnitedHealth Group (A) | | | 36 | | | | 20,322 | |
| Universal Health Services, Cl B (A) | | | 3 | | | | 613 | |
| Vertex Pharmaceuticals *(A) | | | 10 | | | | 4,760 | |
| Viatris (A) | | | 45 | | | | 522 | |
| Waters *(A) | | | 3 | | | | 969 | |
| West Pharmaceutical Services (A) | | | 3 | | | | 924 | |
| Zimmer Biomet Holdings (A) | | | 8 | | | | 855 | |
| Zoetis, Cl A (A) | | | 18 | | | | 3,218 | |
| | | | | | | | 211,954 | |
| Industrials — 8.3% | | | | | | | | |
| 3M (A) | | | 22 | | | | 2,826 | |
| A O Smith (A) | | | 4 | | | | 300 | |
| Allegion PLC (A) | | | 3 | | | | 419 | |
| Amentum Holdings * | | | 5 | | | | 149 | |
| AMETEK (A) | | | 9 | | | | 1,650 | |
| Automatic Data Processing (A) | | | 16 | | | | 4,628 | |
| Axon Enterprise *(A) | | | 3 | | | | 1,270 | |
| Boeing *(A) | | | 29 | | | | 4,330 | |
| Builders FirstSource *(A) | | | 4 | | | | 686 | |
| Carrier Global (A) | | | 33 | | | | 2,400 | |
| Caterpillar (A) | | | 19 | | | | 7,148 | |
| CH Robinson Worldwide (A) | | | 4 | | | | 412 | |
| Cintas (A) | | | 14 | | | | 2,881 | |
| Copart *(A) | | | 36 | | | | 1,853 | |
| CSX (A) | | | 76 | | | | 2,557 | |
| Cummins (A) | | | 5 | | | | 1,645 | |
| Deere (A) | | | 10 | | | | 4,047 | |
| Delta Air Lines (A) | | | 25 | | | | 1,430 | |
| Dover (A) | | | 5 | | | | 947 | |
| Eaton PLC (A) | | | 15 | | | | 4,974 | |
The accompanying notes are an integral part of the financial statements.
128
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Collar 95-110 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| Emerson Electric (A) | | | 22 | | | $ | 2,382 | |
| Equifax (A) | | | 5 | | | | 1,325 | |
| Expeditors International of Washington (A) | | | 6 | | | | 714 | |
| Fastenal (A) | | | 22 | | | | 1,720 | |
| FedEx (A) | | | 9 | | | | 2,465 | |
| Fortive (A) | | | 15 | | | | 1,071 | |
| GE Vernova *(A) | | | 11 | | | | 3,318 | |
| Generac Holdings *(A) | | | 3 | | | | 497 | |
| General Dynamics (A) | | | 10 | | | | 2,916 | |
| General Electric (A) | | | 43 | | | | 7,387 | |
| Honeywell International (A) | | | 26 | | | | 5,348 | |
| Howmet Aerospace (A) | | | 15 | | | | 1,496 | |
| Hubbell, Cl B (A) | | | 2 | | | | 854 | |
| Huntington Ingalls Industries (A) | | | 2 | | | | 370 | |
| IDEX (A) | | | 3 | | | | 644 | |
| Illinois Tool Works (A) | | | 10 | | | | 2,611 | |
| Ingersoll Rand (A) | | | 16 | | | | 1,536 | |
| Jacobs Solutions (A) | | | 5 | | | | 703 | |
| JB Hunt Transport Services (A) | | | 3 | | | | 542 | |
| Johnson Controls International (A) | | | 27 | | | | 2,040 | |
| L3Harris Technologies (A) | | | 8 | | | | 1,980 | |
| Lockheed Martin (A) | | | 9 | | | | 4,914 | |
| Masco (A) | | | 7 | | | | 559 | |
| Nordson (A) | | | 2 | | | | 496 | |
| Norfolk Southern (A) | | | 9 | | | | 2,254 | |
| Northrop Grumman (A) | | | 5 | | | | 2,545 | |
| Old Dominion Freight Line (A) | | | 7 | | | | 1,409 | |
| Otis Worldwide (A) | | | 16 | | | | 1,571 | |
| PACCAR (A) | | | 21 | | | | 2,190 | |
| Parker-Hannifin (A) | | | 5 | | | | 3,170 | |
| Paychex (A) | | | 13 | | | | 1,811 | |
| Pentair PLC (A) | | | 6 | | | | 595 | |
| Quanta Services (A) | | | 6 | | | | 1,810 | |
| Republic Services, Cl A (A) | | | 8 | | | | 1,584 | |
| Rockwell Automation (A) | | | 4 | | | | 1,067 | |
| Rollins (A) | | | 10 | | | | 471 | |
| RTX (A) | | | 52 | | | | 6,291 | |
| Snap-On (A) | | | 2 | | | | 660 | |
| Southwest Airlines (A) | | | 24 | | | | 734 | |
The accompanying notes are an integral part of the financial statements.
129
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Collar 95-110 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| Stanley Black & Decker (A) | | | 6 | | | $ | 558 | |
| Textron (A) | | | 7 | | | | 563 | |
| Trane Technologies PLC (A) | | | 9 | | | | 3,331 | |
| TransDigm Group (A) | | | 2 | | | | 2,605 | |
| Uber Technologies *(A) | | | 83 | | | | 5,980 | |
| Union Pacific (A) | | | 24 | | | | 5,570 | |
| United Airlines Holdings *(A) | | | 12 | | | | 939 | |
| United Parcel Service, Cl B (A) | | | 29 | | | | 3,888 | |
| United Rentals (A) | | | 3 | | | | 2,438 | |
| Veralto (A) | | | 9 | | | | 920 | |
| Verisk Analytics, Cl A (A) | | | 6 | | | | 1,648 | |
| Waste Management (A) | | | 15 | | | | 3,238 | |
| Westinghouse Air Brake Technologies (A) | | | 7 | | | | 1,316 | |
| WW Grainger (A) | | | 2 | | | | 2,218 | |
| Xylem (A) | | | 9 | | | | 1,096 | |
| | | | | | | | 158,910 | |
| Information Technology — 31.3% | | | | | | | | |
| Adobe *(A) | | | 17 | | | | 8,127 | |
| Advanced Micro Devices *(A) | | | 63 | | | | 9,076 | |
| Akamai Technologies *(A) | | | 6 | | | | 606 | |
| Amphenol, Cl A (A) | | | 46 | | | | 3,083 | |
| Analog Devices (A) | | | 20 | | | | 4,462 | |
| ANSYS *(A) | | | 3 | | | | 961 | |
| Apple (A) | | | 598 | | | | 135,094 | |
| Applied Materials (A) | | | 33 | | | | 5,992 | |
| Arista Networks *(A) | | | 10 | | | | 3,864 | |
| Autodesk *(A) | | | 9 | | | | 2,554 | |
| Broadcom (A) | | | 183 | | | | 31,068 | |
| Broadridge Financial Solutions (A) | | | 4 | | | | 843 | |
| Cadence Design Systems *(A) | | | 11 | | | | 3,037 | |
| CDW (A) | | | 5 | | | | 941 | |
| Cisco Systems (A) | | | 159 | | | | 8,708 | |
| Cognizant Technology Solutions, Cl A (A) | | | 21 | | | | 1,566 | |
| Corning (A) | | | 30 | | | | 1,428 | |
| Crowdstrike Holdings, Cl A *(A) | | | 9 | | | | 2,672 | |
| Dayforce *(A) | | | 4 | | | | 284 | |
| Dell Technologies, Cl C (A) | | | 11 | | | | 1,360 | |
| Electronic Arts (A) | | | 9 | | | | 1,358 | |
The accompanying notes are an integral part of the financial statements.
130
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Collar 95-110 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Information Technology — continued | | | | | | | | |
| Enphase Energy *(A) | | | 6 | | | $ | 498 | |
| EPAM Systems *(A) | | | 3 | | | | 566 | |
| F5 *(A) | | | 3 | | | | 702 | |
| Fair Isaac *(A) | | | 1 | | | | 1,993 | |
| First Solar *(A) | | | 4 | | | | 778 | |
| Fiserv *(A) | | | 22 | | | | 4,354 | |
| Fortinet *(A) | | | 24 | | | | 1,888 | |
| Garmin (A) | | | 6 | | | | 1,190 | |
| Gartner *(A) | | | 3 | | | | 1,508 | |
| Gen Digital (A) | | | 24 | | | | 699 | |
| GoDaddy, Cl A *(A) | | | 5 | | | | 834 | |
| Hewlett Packard Enterprise (A) | | | 54 | | | | 1,052 | |
| HP (A) | | | 34 | | | | 1,208 | |
| Intel (A) | | | 173 | | | | 3,723 | |
| International Business Machines (A) | | | 36 | | | | 7,442 | |
| Intuit (A) | | | 11 | | | | 6,713 | |
| Jabil (A) | | | 4 | | | | 492 | |
| Jack Henry & Associates (A) | | | 3 | | | | 546 | |
| Juniper Networks (A) | | | 12 | | | | 467 | |
| Keysight Technologies *(A) | | | 7 | | | | 1,043 | |
| KLA (A) | | | 5 | | | | 3,331 | |
| Lam Research | | | 51 | | | | 3,792 | |
| Leidos Holdings (A) | | | 5 | | | | 916 | |
| Microchip Technology (A) | | | 21 | | | | 1,541 | |
| Micron Technology (A) | | | 44 | | | | 4,385 | |
| Microsoft (A) | | | 292 | | | | 118,654 | |
| Monolithic Power Systems (A) | | | 2 | | | | 1,519 | |
| Motorola Solutions (A) | | | 7 | | | | 3,145 | |
| NetApp (A) | | | 9 | | | | 1,038 | |
| NVIDIA (A) | | | 968 | | | | 128,512 | |
| ON Semiconductor *(A) | | | 17 | | | | 1,198 | |
| Oracle (A) | | | 64 | | | | 10,742 | |
| Palantir Technologies, Cl A *(A) | | | 79 | | | | 3,283 | |
| Palo Alto Networks *(A) | | | 13 | | | | 4,684 | |
| Paycom Software (A) | | | 2 | | | | 418 | |
| PTC *(A) | | | 4 | | | | 741 | |
| Qorvo *(A) | | | 3 | | | | 214 | |
| QUALCOMM (A) | | | 44 | | | | 7,162 | |
| Roper Technologies (A) | | | 4 | | | | 2,151 | |
The accompanying notes are an integral part of the financial statements.
131
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Collar 95-110 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Information Technology — continued | | | | | | | | |
| Salesforce (A) | | | 38 | | | $ | 11,072 | |
| Seagate Technology Holdings (A) | | | 8 | | | | 803 | |
| ServiceNow *(A) | | | 8 | | | | 7,464 | |
| Skyworks Solutions (A) | | | 6 | | | | 525 | |
| Super Micro Computer *(A) | | | 17 | | | | 495 | |
| Synopsys *(A) | | | 6 | | | | 3,082 | |
| Take-Two Interactive Software *(A) | | | 7 | | | | 1,132 | |
| Teledyne Technologies *(A) | | | 2 | | | | 911 | |
| Teradyne (A) | | | 6 | | | | 637 | |
| Texas Instruments (A) | | | 36 | | | | 7,314 | |
| Trimble *(A) | | | 9 | | | | 545 | |
| Tyler Technologies *(A) | | | 2 | | | | 1,211 | |
| VeriSign *(A) | | | 3 | | | | 531 | |
| Western Digital *(A) | | | 12 | | | | 784 | |
| Zebra Technologies, Cl A *(A) | | | 2 | | | | 764 | |
| | | | | | | | 599,476 | |
| Materials — 2.2% | | | | | | | | |
| Air Products & Chemicals (A) | | | 9 | | | | 2,795 | |
| Albemarle (A) | | | 4 | | | | 379 | |
| Amcor PLC (A) | | | 57 | | | | 634 | |
| Avery Dennison (A) | | | 3 | | | | 621 | |
| Ball (A) | | | 12 | | | | 711 | |
| Celanese, Cl A (A) | | | 4 | | | | 504 | |
| CF Industries Holdings (A) | | | 7 | | | | 576 | |
| Corteva (A) | | | 26 | | | | 1,584 | |
| Dow (A) | | | 28 | | | | 1,383 | |
| DuPont de Nemours (A) | | | 17 | | | | 1,411 | |
| Eastman Chemical (A) | | | 4 | | | | 420 | |
| Ecolab (A) | | | 10 | | | | 2,457 | |
| FMC (A) | | | 6 | | | | 390 | |
| Freeport-McMoRan (A) | | | 58 | | | | 2,611 | |
| International Flavors & Fragrances (A) | | | 9 | | | | 895 | |
| International Paper (A) | | | 15 | | | | 833 | |
| Linde PLC (A) | | | 19 | | | | 8,667 | |
| LyondellBasell Industries, Cl A (A) | | | 9 | | | | 782 | |
| Martin Marietta Materials (A) | | | 3 | | | | 1,777 | |
| Mosaic (A) | | | 16 | | | | 428 | |
| Newmont (A) | | | 45 | | | | 2,045 | |
The accompanying notes are an integral part of the financial statements.
132
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Collar 95-110 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Materials — continued | | | | | | | | |
| Nucor (A) | | | 9 | | | $ | 1,276 | |
| Packaging Corp of America (A) | | | 3 | | | | 687 | |
| PPG Industries (A) | | | 9 | | | | 1,120 | |
| Sherwin-Williams (A) | | | 9 | | | | 3,229 | |
| Smurfit WestRock | | | 21 | | | | 1,081 | |
| Steel Dynamics (A) | | | 6 | | | | 783 | |
| Vulcan Materials (A) | | | 5 | | | | 1,370 | |
| | | | | | | | 41,449 | |
| Real Estate — 2.2% | | | | | | | | |
| Alexandria Real Estate Equities †(A) | | | 5 | | | | 558 | |
| American Tower †(A) | | | 18 | | | | 3,844 | |
| AvalonBay Communities †(A) | | | 6 | | | | 1,330 | |
| BXP †(A) | | | 6 | | | | 483 | |
| Camden Property Trust †(A) | | | 4 | | | | 463 | |
| CBRE Group, Cl A *(A) | | | 11 | | | | 1,441 | |
| CoStar Group *(A) | | | 15 | | | | 1,092 | |
| Crown Castle †(A) | | | 16 | | | | 1,720 | |
| Digital Realty Trust †(A) | | | 12 | | | | 2,139 | |
| Equinix †(A) | | | 4 | | | | 3,632 | |
| Equity Residential †(A) | | | 12 | | | | 844 | |
| Essex Property Trust †(A) | | | 3 | | | | 852 | |
| Extra Space Storage †(A) | | | 8 | | | | 1,306 | |
| Federal Realty Investment Trust †(A) | | | 3 | | | | 333 | |
| Healthpeak Properties †(A) | | | 21 | | | | 472 | |
| Host Hotels & Resorts †(A) | | | 30 | | | | 517 | |
| Invitation Homes †(A) | | | 25 | | | | 785 | |
| Iron Mountain †(A) | | | 12 | | | | 1,485 | |
| Kimco Realty †(A) | | | 24 | | | | 569 | |
| Mid-America Apartment Communities †(A) | | | 4 | | | | 605 | |
| ProLogis †(A) | | | 36 | | | | 4,066 | |
| Public Storage †(A) | | | 6 | | | | 1,974 | |
| Realty Income †(A) | | | 33 | | | | 1,959 | |
| Regency Centers †(A) | | | 6 | | | | 429 | |
| SBA Communications, Cl A †(A) | | | 4 | | | | 918 | |
| Simon Property Group †(A) | | | 12 | | | | 2,029 | |
| UDR †(A) | | | 12 | | | | 506 | |
| Ventas †(A) | | | 15 | | | | 982 | |
| VICI Properties, Cl A †(A) | | | 43 | | | | 1,366 | |
The accompanying notes are an integral part of the financial statements.
133
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Collar 95-110 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Real Estate — continued | | | | | | | | |
| Welltower †(A) | | | 23 | | | $ | 3,102 | |
| Weyerhaeuser †(A) | | | 30 | | | | 935 | |
| | | | | | | | 42,736 | |
| Utilities — 2.5% | | | | | | | | |
| AES (A) | | | 31 | | | | 511 | |
| Alliant Energy (A) | | | 10 | | | | 600 | |
| Ameren (A) | | | 10 | | | | 871 | |
| American Electric Power (A) | | | 22 | | | | 2,173 | |
| American Water Works (A) | | | 8 | | | | 1,105 | |
| Atmos Energy (A) | | | 6 | | | | 833 | |
| CenterPoint Energy (A) | | | 21 | | | | 620 | |
| CMS Energy (A) | | | 12 | | | | 835 | |
| Consolidated Edison (A) | | | 14 | | | | 1,424 | |
| Constellation Energy (A) | | | 12 | | | | 3,156 | |
| Dominion Energy (A) | | | 32 | | | | 1,905 | |
| DTE Energy (A) | | | 8 | | | | 994 | |
| Duke Energy (A) | | | 30 | | | | 3,458 | |
| Edison International (A) | | | 13 | | | | 1,071 | |
| Entergy (A) | | | 8 | | | | 1,238 | |
| Evergy (A) | | | 9 | | | | 544 | |
| Eversource Energy (A) | | | 14 | | | | 922 | |
| Exelon (A) | | | 40 | | | | 1,572 | |
| FirstEnergy (A) | | | 22 | | | | 920 | |
| NextEra Energy (A) | | | 81 | | | | 6,419 | |
| NiSource (A) | | | 18 | | | | 633 | |
| NRG Energy (A) | | | 8 | | | | 723 | |
| PG&E (A) | | | 84 | | | | 1,699 | |
| Pinnacle West Capital (A) | | | 4 | | | | 351 | |
| PPL (A) | | | 30 | | | | 977 | |
| Public Service Enterprise Group (A) | | | 19 | | | | 1,699 | |
| Sempra (A) | | | 25 | | | | 2,084 | |
| Southern (A) | | | 43 | | | | 3,914 | |
| Vistra (A) | | | 14 | | | | 1,749 | |
| WEC Energy Group (A) | | | 13 | | | | 1,242 | |
The accompanying notes are an integral part of the financial statements.
134
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Collar 95-110 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Utilities — continued | | | | | | | | |
| Xcel Energy (A) | | | 20 | | | $ | 1,336 | |
| | | | | | | | 47,578 | |
| TOTAL UNITED STATES | | | | | | | 1,882,976 | |
TOTAL COMMON STOCK
(Cost $1,520,134) | | | | | | | 1,895,711 | |
| | | | | | | | | |
PURCHASED OPTIONS — 1.1%
(Cost $23,571) | | | | | | | 21,384 | |
TOTAL INVESTMENTS — 100.0%
(Cost $1,543,705) | | | | | | $ | 1,917,095 | |
| | | | | | | | | |
WRITTEN OPTIONS— (0.1)%
(Premiums Received $(3,289)) | | | | | | $ | (1,496 | ) |
Percentages are based on Net Assets of $1,917,885.
The accompanying notes are an integral part of the financial statements.
135
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Collar 95-110 ETF |
A list of the exchange traded option contracts held by the Fund at October 31, 2024, is as follows:
| Description | | Number of
Contracts | | | Notional
Amount | | | Exercise
Price | | | Expiration
Date | | Value | |
| PURCHASED OPTIONS — 1.1% | | | | | | | | | | | | | | | | | | |
| Put Options | | | | | | | | | | | | | | | | | | |
| Mini-SPX Index | | | 3 | | | $ | 171,162 | | | $ | 540 | | | 12/21/24 | | $ | 2,559 | |
| S&P 500 Index | | | 3 | | | | 1,711,635 | | | | 5,405 | | | 12/21/24 | | | 18,825 | |
| | | | | | | | | | | | | | | | | | | |
| Total Purchased Options | | | | | | $ | 1,882,797 | | | | | | | | | $ | 21,384 | |
| | | | | | | | | | | | | | | | | | | |
| WRITTEN OPTIONS — (0.1)% | | | | | | | | | | | | | | | | | | |
| Call Options | | | | | | | | | | | | | | | | | | |
| Mini-SPX Index | | | (3 | ) | | $ | (171,162 | ) | | $ | 630 | | | 12/21/24 | | $ | (266 | ) |
| S&P 500 Index | | | (3 | ) | | | (1,711,635 | ) | | | 6,275 | | | 12/21/24 | | | (1,230 | ) |
| | | | | | | | | | | | | | | | | | | |
| Total Written Options | | | | | | $ | (1,882,797 | ) | | | | | | | | $ | (1,496 | ) |
| * | Non-income producing security. |
| † | Real Estate Investment Trust |
| (A) | All or a portion of these securities have been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $2,200,274. |
The following is a summary of the level of inputs used as of October 31, 2024, in valuing the Fund’s investments and other financial instruments carried at value:
| Investments in Securities | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Common Stock | | $ | 1,895,711 | | | $ | — | | | $ | — | | | $ | 1,895,711 | |
| Purchased Options | | | 21,384 | | | | — | | | | — | | | | 21,384 | |
| Total Investments in Securities | | $ | 1,917,095 | | | $ | — | | | $ | — | | | $ | 1,917,095 | |
| | | | | | | | | | | | | | | | | |
| Other Financial Instruments | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Written Options | | $ | (1,496 | ) | | $ | — | | | $ | — | | | $ | (1,496 | ) |
| Total Other Financial Instruments | | $ | (1,496 | ) | | $ | — | | | $ | — | | | $ | (1,496 | ) |
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
The accompanying notes are an integral part of the financial statements.
136
| Schedule of Investments | October 31, 2024 |
| Global X Disruptive Materials ETF |
| | | Shares | | | Value | |
| COMMON STOCK — 99.9% | | | | | | | | |
| AUSTRALIA — 7.9% | | | | | | | | |
| Materials — 7.9% | | | | | | | | |
| IGO | | | 24,437 | | | $ | 84,033 | |
| Lynas Rare Earths * | | | 33,615 | | | | 167,335 | |
| Pilbara Minerals | | | 106,674 | | | | 199,133 | |
| Syrah Resources * | | | 104,112 | | | | 20,458 | |
| | | | | | | | | |
| TOTAL AUSTRALIA | | | | | | | 470,959 | |
| CANADA — 2.9% | | | | | | | | |
| Materials — 2.9% | | | | | | | | |
| HudBay Minerals | | | 15,792 | | | | 141,499 | |
| Lithium Americas * | | | 7,738 | | | | 31,419 | |
| | | | | | | | | |
| TOTAL CANADA | | | | | | | 172,918 | |
| CHILE — 6.8% | | | | | | | | |
| Materials — 6.8% | | | | | | | | |
| Antofagasta PLC | | | 8,671 | | | | 193,080 | |
| Lundin Mining | | | 21,851 | | | | 212,248 | |
| | | | | | | | | |
| TOTAL CHILE | | | | | | | 405,328 | |
| CHINA — 34.7% | | | | | | | | |
| Industrials — 6.3% | | | | | | | | |
| Eve Energy, Cl A | | | 44,400 | | | | 302,422 | |
| Fangda Carbon New Material, Cl A | | | 100,200 | | | | 74,224 | |
| | | | | | | | 376,646 | |
| Materials — 28.4% | | | | | | | | |
| China Nonferrous Mining | | | 53,000 | | | | 37,768 | |
| China Northern Rare Earth Group High-Tech, Cl A | | | 85,500 | | | | 257,417 | |
| China Rare Earth Resources And Technology, Cl A | | | 23,100 | | | | 98,294 | |
| GEM, Cl A | | | 185,100 | | | | 181,001 | |
| KBC, Cl A | | | 7,187 | | | | 25,298 | |
| MMG * | | | 237,920 | | | | 83,546 | |
| Nanjing Hanrui Cobalt, Cl A | | | 8,600 | | | | 43,073 | |
| Shenghe Resources Holding, Cl A | | | 45,800 | | | | 72,737 | |
| Sinofibers Technology, Cl A | | | 10,800 | | | | 46,789 | |
| Sinomine Resource Group, Cl A | | | 24,000 | | | | 111,719 | |
The accompanying notes are an integral part of the financial statements.
137
| Schedule of Investments | October 31, 2024 |
| Global X Disruptive Materials ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Materials — continued | | | | | | | | |
| Tongling Nonferrous Metals Group, Cl A | | | 265,800 | | | $ | 126,787 | |
| Weihai Guangwei Composites, Cl A | | | 18,660 | | | | 91,522 | |
| Western Mining, Cl A | | | 60,800 | | | | 150,894 | |
| Xiangtan Electrochemical Scientific, Cl A | | | 15,800 | | | | 23,120 | |
| Youngy, Cl A | | | 7,500 | | | | 36,712 | |
| Yunnan Chihong Zinc&Germanium, Cl A | | | 118,800 | | | | 96,335 | |
| Zhejiang Huayou Cobalt, Cl A | | | 48,230 | | | | 210,233 | |
| | | | | | | | 1,693,245 | |
| TOTAL CHINA | | | | | | | 2,069,891 | |
| FRANCE — 0.7% | | | | | | | | |
| Industrials — 0.3% | | | | | | | | |
| Mersen | | | 868 | | | | 20,072 | |
| | | | | | | | | |
| Materials — 0.4% | | | | | | | | |
| Eramet | | | 354 | | | | 20,772 | |
| | | | | | | | | |
| TOTAL FRANCE | | | | | | | 40,844 | |
| INDONESIA — 0.7% | | | | | | | | |
| Materials — 0.7% | | | | | | | | |
| Nickel Industries | | | 71,532 | | | | 42,402 | |
| | | | | | | | | |
| JAPAN — 4.9% | | | | | | | | |
| Industrials — 0.3% | | | | | | | | |
| Nippon Carbon | | | 496 | | | | 14,653 | |
| | | | | | | | | |
| Materials — 4.6% | | | | | | | | |
| Nippon Denko | | | 7,285 | | | | 14,061 | |
| Sumitomo Metal Mining | | | 7,763 | | | | 218,684 | |
| Tokai Carbon | | | 7,551 | | | | 43,063 | |
| | | | | | | | 275,808 | |
| TOTAL JAPAN | | | | | | | 290,461 | |
| MEXICO — 3.7% | | | | | | | | |
| Materials — 3.7% | | | | | | | | |
| Southern Copper | | | 2,010 | | | | 220,196 | |
The accompanying notes are an integral part of the financial statements.
138
| Schedule of Investments | October 31, 2024 |
| Global X Disruptive Materials ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| SOUTH AFRICA — 14.1% | | | | | | | | |
| Materials — 14.1% | | | | | | | | |
| African Rainbow Minerals | | | 4,335 | | | $ | 43,544 | |
| Anglo American Platinum | | | 2,330 | | | | 90,801 | |
| Anglo American PLC | | | 7,258 | | | | 223,949 | |
| Impala Platinum Holdings | | | 37,094 | | | | 242,034 | |
| Northam Platinum Holdings | | | 14,420 | | | | 106,209 | |
| Sibanye Stillwater | | | 116,068 | | | | 133,071 | |
| | | | | | | | | |
| TOTAL SOUTH AFRICA | | | | | | | 839,608 | |
| SWEDEN — 3.6% | | | | | | | | |
| Materials — 3.6% | | | | | | | | |
| Boliden | | | 6,968 | | | | 215,421 | |
| | | | | | | | | |
| TüRKIYE — 0.2% | | | | | | | | |
| Industrials — 0.2% | | | | | | | | |
| Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret | | | 22,009 | | | | 13,761 | |
| | | | | | | | | |
| UNITED STATES — 16.3% | | | | | | | | |
| Industrials — 3.8% | | | | | | | | |
| GrafTech International * | | | 18,302 | | | | 31,113 | |
| Hexcel | | | 3,297 | | | | 193,501 | |
| | | | | | | | 224,614 | |
| Materials — 12.5% | | | | | | | | |
| Albemarle | | | 2,352 | | | | 222,805 | |
| Arcadium Lithium, CDI * | | | 41,887 | | | | 225,771 | |
| Freeport-McMoRan | | | 4,636 | | | | 208,713 | |
| MP Materials * | | | 4,976 | | | | 89,518 | |
| | | | | | | | 746,807 | |
| TOTAL UNITED STATES | | | | | | | 971,421 | |
The accompanying notes are an integral part of the financial statements.
139
| Schedule of Investments | October 31, 2024 |
| Global X Disruptive Materials ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| ZAMBIA — 3.4% | | | | | | | | |
| Materials — 3.4% | | | | | | | | |
| First Quantum Minerals | | | 15,947 | | | $ | 205,808 | |
| | | | | | | | | |
TOTAL COMMON STOCK
(Cost $6,733,703) | | | | | | | 5,959,018 | |
TOTAL INVESTMENTS — 99.9%
(Cost $6,733,703) | | | | | | $ | 5,959,018 | |
Percentages are based on Net Assets of $5,964,635.
| * | Non-income producing security. |
As of October 31, 2024, all of the Fund’s investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
The accompanying notes are an integral part of the financial statements.
140
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — 99.7% | | | | | | |
| ARGENTINA — 0.0% | | | | | | |
| Consumer Discretionary — 0.0% | | | | | | |
| Despegar.com * | | | 33,706 | | | $ | 486,715 | |
| | | | | | | | | |
| AUSTRALIA — 0.0% | | | | | | | | |
| Materials — 0.0% | | | | | | | | |
| Critical Metals * (A) | | | 4,080 | | | | 25,214 | |
| Metals Acquisition, Cl A * | | | 28,914 | | | | 346,390 | |
| | | | | | | | | |
| TOTAL AUSTRALIA | | | | | | | 371,604 | |
| BAHAMAS — 0.1% | | | | | | | | |
| Consumer Discretionary — 0.1% | | | | | | | | |
| OneSpaWorld Holdings | | | 54,718 | | | | 958,112 | |
| | | | | | | | | |
| BERMUDA — 0.2% | | | | | | | | |
| Financials — 0.2% | | | | | | | | |
| Bank of NT Butterfield & Son | | | 25,349 | | | | 927,013 | |
| Fidelis Insurance Holdings | | | 28,380 | | | | 489,839 | |
| Hamilton Insurance Group, Cl B * | | | 21,535 | | | | 375,140 | |
| SiriusPoint * | | | 53,854 | | | | 707,641 | |
| | | | | | | | 2,499,633 | |
| Industrials — 0.0% | | | | | | | | |
| Himalaya Shipping (A) | | | 16,233 | | | | 106,488 | |
| | | | | | | | | |
| TOTAL BERMUDA | | | | | | | 2,606,121 | |
| BRAZIL — 0.2% | | | | | | | | |
| Financials — 0.2% | | | | | | | | |
| Pagseguro Digital, Cl A * | | | 102,757 | | | | 826,166 | |
| StoneCo, Cl A * | | | 155,951 | | | | 1,731,056 | |
| | | | | | | | | |
| TOTAL BRAZIL | | | | | | | 2,557,222 | |
| CAMEROON — 0.2% | | | | | | | | |
| Energy — 0.2% | | | | | | | | |
| Golar LNG | | | 53,918 | | | | 1,955,067 | |
The accompanying notes are an integral part of the financial statements.
141
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | |
| CANADA — 0.5% | | | | | | |
| Consumer Staples — 0.0% | | | | | | |
| SunOpta * | | | 50,143 | | | $ | 328,186 | |
| | | | | | | | | |
| Energy — 0.0% | | | | | | | | |
| Encore Energy * (A) | | | 97,510 | | | | 381,264 | |
| | | | | | | | | |
| Financials — 0.1% | | | | | | | | |
| Hut 8 * (A) | | | 43,836 | | | | 692,170 | |
| Kingsway Financial Services * | | | 7,144 | | | | 63,939 | |
| | | | | | | | 756,109 | |
| Health Care — 0.1% | | | | | | | | |
| Aurinia Pharmaceuticals * | | | 73,075 | | | | 526,871 | |
| Fennec Pharmaceuticals * (A) | | | 12,770 | | | | 55,677 | |
| | | | | | | | 582,548 | |
| Industrials — 0.0% | | | | | | | | |
| Brookfield Business, Cl A | | | 13,911 | | | | 331,221 | |
| | | | | | | | | |
| Information Technology — 0.0% | | | | | | | | |
| D-Wave Quantum * (A) | | | 48,726 | | | | 51,650 | |
| | | | | | | | | |
| Materials — 0.1% | | | | | | | | |
| i-80 Gold * (A) | | | 172,431 | | | | 181,053 | |
| Novagold Resources * | | | 132,894 | | | | 459,813 | |
| SSR Mining | | | 110,824 | | | | 683,784 | |
| | | | | | | | 1,324,650 | |
| Real Estate — 0.0% | | | | | | | | |
| Real Brokerage * | | | 52,007 | | | | 283,958 | |
| | | | | | | | | |
| Utilities — 0.2% | | | | | | | | |
| Brookfield Infrastructure, Cl A | | | 65,379 | | | | 2,685,769 | |
| | | | | | | | | |
| TOTAL CANADA | | | | | | | 6,725,355 | |
| CAYMAN ISLANDS — 0.0% | | | | | | | | |
| Consumer Discretionary — 0.0% | | | | | | | | |
| Livewire Group * (A) | | | 9,910 | | | | 58,568 | |
The accompanying notes are an integral part of the financial statements.
142
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — 0.0% | | | | | | | | |
| Patria Investments, Cl A | | | 29,959 | | | $ | 348,723 | |
| | | | | | | | | |
| TOTAL CAYMAN ISLANDS | | | | | | | 407,291 | |
| GERMANY — 0.0% | | | | | | | | |
| Materials — 0.0% | | | | | | | | |
| Orion | | | 31,444 | | | | 471,346 | |
| | | | | | | | | |
| GHANA — 0.1% | | | | | | | | |
| Energy — 0.1% | | | | | | | | |
| Kosmos Energy * | | | 254,893 | | | | 958,398 | |
| | | | | | | | | |
| GIBRALTAR — 0.0% | | | | | | | | |
| Consumer Staples — 0.0% | | | | | | | | |
| Forafric Global * (A) | | | 2,982 | | | | 30,655 | |
| | | | | | | | | |
| GUERNSEY — 0.0% | | | | | | | | |
| Consumer Discretionary — 0.0% | | | | | | | | |
| Super Group SGHC | | | 81,890 | | | | 335,749 | |
| | | | | | | | | |
| HONG KONG — 0.0% | | | | | | | | |
| Consumer Discretionary — 0.0% | | | | | | | | |
| GigaCloud Technology, Cl A * (A) | | | 12,832 | | | | 292,185 | |
| | | | | | | | | |
| INDIA — 0.1% | | | | | | | | |
| Industrials — 0.1% | | | | | | | | |
| WNS Holdings * | | | 24,651 | | | | 1,183,001 | |
| | | | | | | | | |
| IRELAND — 0.1% | | | | | | | | |
| Health Care — 0.0% | | | | | | | | |
| Prothena * | | | 23,156 | | | | 393,652 | |
| | | | | | | | | |
| Industrials — 0.1% | | | | | | | | |
| Ardmore Shipping | | | 22,709 | | | | 320,424 | |
The accompanying notes are an integral part of the financial statements.
143
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| Cimpress * | | | 9,395 | | | $ | 648,349 | |
| | | | | | | | 968,773 | |
| TOTAL IRELAND | | | | | | | 1,362,425 | |
| ISRAEL — 0.1% | | | | | | | | |
| Communication Services — 0.0% | | | | | | | | |
| Innovid * | | | 58,170 | | | | 111,105 | |
| | | | | | | | | |
| Health Care — 0.0% | | | | | | | | |
| MediWound * (A) | | | 4,410 | | | | 79,821 | |
| Nano-X Imaging, Cl X * (A) | | | 29,542 | | | | 167,503 | |
| | | | | | | | 247,324 | |
| Information Technology — 0.1% | | | | | | | | |
| Sapiens International | | | 16,791 | | | | 619,252 | |
| | | | | | | | | |
| TOTAL ISRAEL | | | | | | | 977,681 | |
| JERSEY — 0.2% | | | | | | | | |
| Materials — 0.2% | | | | | | | | |
| Arcadium Lithium, CDI * | | | 590,382 | | | | 3,182,159 | |
| | | | | | | | | |
| MALTA — 0.0% | | | | | | | | |
| Communication Services — 0.0% | | | | | | | | |
| Gambling.com Group * | | | 9,529 | | | | 91,764 | |
| | | | | | | | | |
| MEXICO — 0.1% | | | | | | | | |
| Energy — 0.1% | | | | | | | | |
| Borr Drilling | | | 127,960 | | | | 536,152 | |
| | | | | | | | | |
| MONACO — 0.1% | | | | | | | | |
| Energy — 0.1% | | | | | | | | |
| Scorpio Tankers | | | 25,524 | | | | 1,487,284 | |
| | | | | | | | | |
| Industrials — 0.0% | | | | | | | | |
| Costamare | | | 23,420 | | | | 318,746 | |
The accompanying notes are an integral part of the financial statements.
144
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| Safe Bulkers | | | 32,885 | | | $ | 137,788 | |
| | | | | | | | 456,534 | |
| TOTAL MONACO | | | | | | | 1,943,818 | |
| NORWAY — 0.2% | | | | | | | | |
| Energy — 0.1% | | | | | | | | |
| FLEX LNG (A) | | | 16,686 | | | | 408,807 | |
| Seadrill * | | | 37,342 | | | | 1,469,408 | |
| | | | | | | | 1,878,215 | |
| Industrials — 0.1% | | | | | | | | |
| Freyr Battery * (A) | | | 61,966 | | | | 60,107 | |
| Golden Ocean Group | | | 65,752 | | | | 704,861 | |
| SFL, Cl B | | | 64,857 | | | | 688,133 | |
| | | | | | | | 1,453,101 | |
| TOTAL NORWAY | | | | | | | 3,331,316 | |
| PANAMA — 0.0% | | | | | | | | |
| Financials — 0.0% | | | | | | | | |
| Banco Latinoamericano de Comercio Exterior, Cl E | | | 14,915 | | | | 476,833 | |
| | | | | | | | | |
| PUERTO RICO — 0.3% | | | | | | | | |
| Communication Services — 0.0% | | | | | | | | |
| Liberty Latin America, Cl A * | | | 17,523 | | | | 171,550 | |
| Liberty Latin America, Cl C * | | | 70,635 | | | | 683,747 | |
| | | | | | | | 855,297 | |
| Financials — 0.3% | | | | | | | | |
| EVERTEC | | | 35,132 | | | | 1,150,924 | |
| First BanCorp | | | 88,184 | | | | 1,700,188 | |
| OFG Bancorp | | | 25,057 | | | | 1,009,045 | |
| | | | | | | | 3,860,157 | |
| TOTAL PUERTO RICO | | | | | | | 4,715,454 | |
The accompanying notes are an integral part of the financial statements.
145
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| SINGAPORE — 0.1% | | | | | | | | |
| Communication Services — 0.0% | | | | | | | | |
| Grindr * | | | 13,492 | | | $ | 180,523 | |
| | | | | | | | | |
| Information Technology — 0.1% | | | | | | | | |
| Kulicke & Soffa Industries | | | 29,399 | | | | 1,318,839 | |
| | | | | | | | | |
| TOTAL SINGAPORE | | | | | | | 1,499,362 | |
| SOUTH AFRICA — 0.0% | | | | | | | | |
| Materials — 0.0% | | | | | | | | |
| Caledonia Mining | | | 8,930 | | | | 133,146 | |
| | | | | | | | | |
| SWITZERLAND — 0.0% | | | | | | | | |
| Health Care — 0.0% | | | | | | | | |
| ADC Therapeutics * (A) | | | 42,537 | | | | 119,954 | |
| | | | | | | | | |
| THAILAND — 0.3% | | | | | | | | |
| Information Technology — 0.3% | | | | | | | | |
| Fabrinet * | | | 19,868 | | | | 4,787,592 | |
| | | | | | | | | |
| UNITED KINGDOM — 0.0% | | | | | | | | |
| Health Care — 0.0% | | | | | | | | |
| Zura Bio, Cl A * (A) | | | 24,188 | | | | 106,427 | |
| | | | | | | | | |
| Industrials — 0.0% | | | | | | | | |
| Luxfer Holdings | | | 14,447 | | | | 207,459 | |
| | | | | | | | | |
| Materials — 0.0% | | | | | | | | |
| Lifezone Metals * (A) | | | 20,083 | | | | 128,933 | |
| | | | | | | | | |
| TOTAL UNITED KINGDOM | | | | | | | 442,819 | |
| UNITED STATES — 96.8% | | | | | | | | |
| Communication Services — 2.7% | | | | | | | | |
| Advantage Solutions * | | | 58,354 | | | | 178,563 | |
| AMC Entertainment Holdings, Cl A * (A) | | | 184,361 | | | | 809,345 | |
| AMC Networks, Cl A * | | | 17,481 | | | | 141,596 | |
| Anterix * | | | 5,569 | | | | 180,881 | |
| AST SpaceMobile, Cl A * | | | 72,944 | | | | 1,736,797 | |
The accompanying notes are an integral part of the financial statements.
146
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Communication Services — continued | | | | | | | | |
| Atlanta Braves Holdings, Cl A * | | | 5,634 | | | $ | 236,966 | |
| Atlanta Braves Holdings, Cl C * | | | 27,346 | | | | 1,080,440 | |
| ATN International | | | 5,838 | | | | 122,364 | |
| Bandwidth, Cl A * | | | 13,513 | | | | 263,504 | |
| Boston Omaha, Cl A * | | | 13,475 | | | | 198,891 | |
| Bumble, Cl A * | | | 52,615 | | | | 372,514 | |
| Cable One | | | 3,065 | | | | 1,046,881 | |
| Cardlytics * | | | 21,953 | | | | 94,617 | |
| Cargurus, Cl A * | | | 48,098 | | | | 1,492,000 | |
| Cars.com * | | | 35,966 | | | | 575,096 | |
| Cinemark Holdings * | | | 60,123 | | | | 1,788,659 | |
| Clear Channel Outdoor Holdings, Cl A * | | | 190,213 | | | | 279,613 | |
| Cogent Communications Holdings | | | 23,997 | | | | 1,926,239 | |
| Consolidated Communications Holdings * | | | 42,064 | | | | 194,967 | |
| EchoStar, Cl A * | | | 66,251 | | | | 1,660,250 | |
| Emerald Holding | | | 8,930 | | | | 35,184 | |
| Entravision Communications, Cl A | | | 34,093 | | | | 79,096 | |
| Eventbrite, Cl A * | | | 43,865 | | | | 140,368 | |
| EverQuote, Cl A * | | | 13,711 | | | | 246,524 | |
| EW Scripps, Cl A * | | | 34,093 | | | | 114,382 | |
| fuboTV * | | | 160,794 | | | | 279,782 | |
| Gannett * | | | 77,588 | | | | 363,888 | |
| Getty Images Holdings * | | | 54,784 | | | | 227,354 | |
| Globalstar * | | | 398,799 | | | | 418,739 | |
| Gogo * | | | 35,422 | | | | 232,014 | |
| Golden Matrix Group * | | | 11,141 | | | | 27,964 | |
| Gray Television | | | 46,754 | | | | 266,965 | |
| Ibotta, Cl A * (A) | | | 4,145 | | | | 303,787 | |
| IDT, Cl B | | | 8,432 | | | | 395,714 | |
| iHeartMedia, Cl A * | | | 57,470 | | | | 113,791 | |
| IMAX * | | | 23,378 | | | | 568,085 | |
| Integral Ad Science Holding * | | | 39,503 | | | | 467,716 | |
| John Wiley & Sons, Cl A | | | 19,629 | | | | 967,710 | |
| Lions Gate Entertainment, Cl A * | | | 32,636 | | | | 257,824 | |
| Lions Gate Entertainment, Cl B * | | | 66,924 | | | | 471,814 | |
| LiveOne * | | | 37,050 | | | | 25,565 | |
| Lumen Technologies * | | | 551,438 | | | | 3,523,689 | |
| Madison Square Garden Entertainment, Cl A * | | | 21,308 | | | | 888,757 | |
| Magnite * | | | 68,538 | | | | 855,354 | |
The accompanying notes are an integral part of the financial statements.
147
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Communication Services — continued | | | | | | | | |
| Marcus | | | 13,106 | | | $ | 247,310 | |
| MediaAlpha, Cl A * | | | 16,251 | | | | 278,380 | |
| National CineMedia * | | | 38,710 | | | | 278,325 | |
| Nextdoor Holdings * | | | 95,112 | | | | 230,171 | |
| Outbrain * | | | 21,076 | | | | 90,416 | |
| Playstudios * | | | 48,540 | | | | 64,558 | |
| PubMatic, Cl A * | | | 22,850 | | | | 336,009 | |
| QuinStreet * | | | 28,735 | | | | 603,435 | |
| Reservoir Media * | | | 10,716 | | | | 89,264 | |
| Scholastic | | | 12,627 | | | | 313,528 | |
| Shenandoah Telecommunications | | | 26,527 | | | | 367,134 | |
| Shutterstock | | | 13,638 | | | | 437,643 | |
| Sinclair | | | 17,462 | | | | 301,569 | |
| Sphere Entertainment * | | | 14,465 | | | | 604,782 | |
| Spok Holdings | | | 9,998 | | | | 155,669 | |
| Stagwell, Cl A * | | | 46,828 | | | | 290,802 | |
| System1 * | | | 12,739 | | | | 12,484 | |
| TechTarget * | | | 14,098 | | | | 408,067 | |
| TEGNA | | | 92,421 | | | | 1,518,477 | |
| Telephone and Data Systems | | | 53,742 | | | | 1,598,825 | |
| Thryv Holdings * | | | 17,397 | | | | 250,169 | |
| Townsquare Media, Cl A | | | 7,144 | | | | 70,011 | |
| TrueCar * | | | 46,817 | | | | 183,054 | |
| Vimeo * | | | 80,977 | | | | 386,260 | |
| Vivid Seats, Cl A * | | | 42,749 | | | | 173,988 | |
| Webtoon Entertainment * (A) | | | 8,232 | | | | 85,613 | |
| WideOpenWest * | | | 26,925 | | | | 134,356 | |
| Yelp, Cl A * | | | 35,748 | | | | 1,220,437 | |
| Ziff Davis * | | | 24,776 | | | | 1,146,386 | |
| ZipRecruiter, Cl A * | | | 39,287 | | | | 364,190 | |
| | | | | | | | 37,893,561 | |
| Consumer Discretionary — 9.6% | | | | | | | | |
| 1-800-Flowers.com, Cl A * | | | 14,288 | | | | 118,876 | |
| 1stdibs.com * | | | 14,085 | | | | 58,734 | |
| Abercrombie & Fitch, Cl A * | | | 27,404 | | | | 3,611,573 | |
| Academy Sports & Outdoors | | | 38,473 | | | | 1,956,737 | |
| Accel Entertainment, Cl A * | | | 28,138 | | | | 310,644 | |
| Acushnet Holdings | | | 15,815 | | | | 969,459 | |
The accompanying notes are an integral part of the financial statements.
148
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Discretionary — continued | | | | | | | | |
| Adient * | | | 48,771 | | | $ | 952,498 | |
| Adtalem Global Education * | | | 20,425 | | | | 1,652,791 | |
| aka Brands Holding * (A) | | | 381 | | | | 8,759 | |
| A-Mark Precious Metals | | | 9,538 | | | | 370,551 | |
| American Axle & Manufacturing Holdings * | | | 62,849 | | | | 355,097 | |
| American Eagle Outfitters | | | 99,356 | | | | 1,946,384 | |
| American Public Education * | | | 8,576 | | | | 130,098 | |
| America’s Car-Mart * | | | 3,074 | | | | 120,009 | |
| Arhaus, Cl A | | | 28,032 | | | | 237,711 | |
| Arko | | | 44,030 | | | | 292,799 | |
| Asbury Automotive Group * | | | 11,015 | | | | 2,509,658 | |
| Bally’s * | | | 13,038 | | | | 227,513 | |
| BARK * | | | 72,225 | | | | 104,726 | |
| Beazer Homes USA * | | | 15,952 | | | | 490,684 | |
| Beyond * | | | 25,163 | | | | 161,295 | |
| Biglari Holdings, Cl B * | | | 394 | | | | 67,102 | |
| BJ’s Restaurants * | | | 10,384 | | | | 385,143 | |
| Bloomin’ Brands | | | 43,019 | | | | 713,685 | |
| Boot Barn Holdings * | | | 16,092 | | | | 2,004,259 | |
| Brinker International * | | | 24,014 | | | | 2,466,478 | |
| Buckle | | | 16,828 | | | | 716,200 | |
| Build-A-Bear Workshop, Cl A | | | 6,954 | | | | 264,878 | |
| Caleres | | | 18,618 | | | | 555,747 | |
| Camping World Holdings, Cl A | | | 23,069 | | | | 462,764 | |
| Canoo * (A) | | | 32,883 | | | | 24,892 | |
| Carriage Services, Cl A | | | 7,520 | | | | 281,173 | |
| Cavco Industries * | | | 4,548 | | | | 1,863,748 | |
| Century Communities | | | 15,217 | | | | 1,349,139 | |
| Cheesecake Factory | | | 26,287 | | | | 1,214,985 | |
| Chegg * | | | 54,188 | | | | 86,701 | |
| Citi Trends * | | | 3,483 | | | | 65,794 | |
| Clarus | | | 16,233 | | | | 68,341 | |
| Cooper-Standard Holdings * | | | 9,274 | | | | 116,389 | |
| Coursera * | | | 75,185 | | | | 522,536 | |
| Cracker Barrel Old Country Store | | | 11,921 | | | | 567,082 | |
| Cricut, Cl A | | | 25,280 | | | | 166,342 | |
| Dana | | | 71,143 | | | | 545,667 | |
| Dave & Buster’s Entertainment * | | | 17,591 | | | | 649,636 | |
| Denny’s * | | | 27,492 | | | | 176,224 | |
The accompanying notes are an integral part of the financial statements.
149
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Discretionary — continued | | | | | | | | |
| Designer Brands, Cl A | | | 23,377 | | | $ | 121,794 | |
| Destination XL Group * | | | 29,295 | | | | 78,364 | |
| Dine Brands Global | | | 8,319 | | | | 253,230 | |
| Dorman Products * | | | 14,272 | | | | 1,627,436 | |
| Dream Finders Homes, Cl A * | | | 15,266 | | | | 455,690 | |
| El Pollo Loco Holdings * | | | 13,899 | | | | 169,846 | |
| Escalade | | | 5,358 | | | | 69,815 | |
| Ethan Allen Interiors | | | 12,502 | | | | 345,930 | |
| European Wax Center, Cl A * | | | 18,501 | | | | 133,022 | |
| Everi Holdings * | | | 43,196 | | | | 575,803 | |
| EVgo, Cl A * | | | 55,048 | | | | 431,576 | |
| Figs, Cl A * | | | 70,800 | | | | 442,500 | |
| First Watch Restaurant Group * | | | 16,576 | | | | 281,709 | |
| Flexsteel Industries | | | 2,494 | | | | 145,201 | |
| Foot Locker | | | 45,460 | | | | 1,054,217 | |
| Fox Factory Holding * | | | 23,036 | | | | 829,066 | |
| Frontdoor * | | | 42,762 | | | | 2,124,844 | |
| Full House Resorts * | | | 18,019 | | | | 91,717 | |
| Funko, Cl A * | | | 16,875 | | | | 199,800 | |
| Genesco * | | | 5,837 | | | | 149,544 | |
| Gentherm * | | | 17,133 | | | | 718,729 | |
| G-III Apparel Group * | | | 22,070 | | | | 668,280 | |
| Global Business Travel Group I * (A) | | | 68,369 | | | | 521,655 | |
| Golden Entertainment | | | 11,057 | | | | 324,799 | |
| Goodyear Tire & Rubber * | | | 155,215 | | | | 1,243,272 | |
| GoPro, Cl A * | | | 69,972 | | | | 94,462 | |
| Graham Holdings, Cl B | | | 1,773 | | | | 1,495,171 | |
| Green Brick Partners * | | | 16,945 | | | | 1,169,374 | |
| Group 1 Automotive | | | 7,216 | | | | 2,628,933 | |
| Groupon, Cl A * (A) | | | 12,474 | | | | 127,983 | |
| GrowGeneration * | | | 32,307 | | | | 66,391 | |
| Hamilton Beach Brands Holding, Cl A | | | 4,655 | | | | 128,711 | |
| Hanesbrands * | | | 192,490 | | | | 1,337,805 | |
| Haverty Furniture | | | 7,827 | | | | 173,368 | |
| Helen of Troy * | | | 12,437 | | | | 791,615 | |
| Hilton Grand Vacations * | | | 40,194 | | | | 1,482,355 | |
| Holley * | | | 25,451 | | | | 65,918 | |
| Hooker Furnishings | | | 5,801 | | | | 92,990 | |
| Hovnanian Enterprises, Cl A * | | | 2,690 | | | | 473,548 | |
The accompanying notes are an integral part of the financial statements.
150
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Discretionary — continued | | | | | | | | |
| Inspired Entertainment * | | | 11,957 | | | $ | 114,070 | |
| Installed Building Products | | | 13,054 | | | | 2,831,413 | |
| International Game Technology | | | 61,983 | | | | 1,259,495 | |
| iRobot * | | | 15,511 | | | | 135,411 | |
| J Jill | | | 2,799 | | | | 66,924 | |
| Jack in the Box | | | 10,562 | | | | 520,178 | |
| JAKKS Pacific * | | | 4,319 | | | | 136,264 | |
| Johnson Outdoors, Cl A | | | 2,539 | | | | 80,283 | |
| KB Home | | | 36,669 | | | | 2,878,516 | |
| Kontoor Brands | | | 30,327 | | | | 2,596,901 | |
| Krispy Kreme | | | 46,752 | | | | 531,570 | |
| Kura Sushi USA, Cl A * (A) | | | 3,229 | | | | 322,319 | |
| Lands’ End * | | | 7,707 | | | | 121,308 | |
| Landsea Homes * | | | 9,836 | | | | 102,098 | |
| Laureate Education, Cl A | | | 73,057 | | | | 1,255,119 | |
| La-Z-Boy, Cl Z | | | 23,038 | | | | 876,596 | |
| LCI Industries | | | 13,514 | | | | 1,503,838 | |
| Legacy Housing * | | | 6,087 | | | | 150,958 | |
| Leslie’s * | | | 98,921 | | | | 266,097 | |
| LGI Homes * | | | 11,357 | | | | 1,153,417 | |
| Life Time Group Holdings * | | | 32,448 | | | | 722,941 | |
| Lifetime Brands | | | 6,904 | | | | 39,767 | |
| Lincoln Educational Services * | | | 14,269 | | | | 189,492 | |
| Lindblad Expeditions Holdings * | | | 19,284 | | | | 182,234 | |
| Lovesac * | | | 7,715 | | | | 224,969 | |
| Luminar Technologies, Cl A * | | | 182,885 | | | | 141,809 | |
| M/I Homes * | | | 14,485 | | | | 2,195,781 | |
| Malibu Boats, Cl A * | | | 11,071 | | | | 496,866 | |
| Marine Products | | | 4,775 | | | | 44,933 | |
| MarineMax * | | | 11,787 | | | | 343,355 | |
| MasterCraft Boat Holdings * | | | 9,175 | | | | 159,278 | |
| Meritage Homes | | | 19,540 | | | | 3,540,648 | |
| Mister Car Wash * | | | 51,187 | | | | 384,414 | |
| Modine Manufacturing * | | | 28,140 | | | | 3,314,048 | |
| Monarch Casino & Resort | | | 6,997 | | | | 549,334 | |
| Mondee Holdings, Cl A * | | | 20,829 | | | | 26,453 | |
| Monro | | | 16,338 | | | | 447,825 | |
| Movado Group | | | 8,241 | | | | 152,211 | |
| Nathan’s Famous | | | 1,529 | | | | 128,788 | |
The accompanying notes are an integral part of the financial statements.
151
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Discretionary — continued | | | | | | | | |
| National Vision Holdings * | | | 42,432 | | | $ | 441,293 | |
| Nerdy * | | | 39,753 | | | | 35,937 | |
| ODP * | | | 19,056 | | | | 591,308 | |
| ONE Group Hospitality * | | | 11,335 | | | | 38,766 | |
| OneWater Marine, Cl A * | | | 6,519 | | | | 141,919 | |
| Oxford Industries | | | 7,996 | | | | 580,670 | |
| Papa John’s International | | | 18,116 | | | | 949,097 | |
| Patrick Industries | | | 11,761 | | | | 1,481,651 | |
| Peloton Interactive, Cl A * | | | 185,176 | | | | 1,573,996 | |
| Perdoceo Education | | | 35,689 | | | | 797,649 | |
| Petco Health & Wellness, Cl A * | | | 45,678 | | | | 195,045 | |
| Phinia | | | 23,650 | | | | 1,101,617 | |
| PlayAGS * | | | 20,979 | | | | 243,986 | |
| Portillo’s, Cl A * | | | 29,413 | | | | 380,310 | |
| Potbelly * | | | 15,107 | | | | 111,490 | |
| Purple Innovation, Cl A * | | | 30,735 | | | | 27,443 | |
| Qurate Retail, Cl B * | | | 4 | | | | 12 | |
| RCI Hospitality Holdings | | | 4,606 | | | | 199,993 | |
| RealReal * | | | 53,445 | | | | 154,990 | |
| Red Rock Resorts, Cl A | | | 26,798 | | | | 1,379,025 | |
| Revolve Group, Cl A * | | | 20,904 | | | | 518,837 | |
| Rocky Brands | | | 3,998 | | | | 81,319 | |
| RumbleON, Cl B * | | | 8,971 | | | | 45,214 | |
| Rush Street Interactive * | | | 41,438 | | | | 448,359 | |
| Sabre * | | | 205,426 | | | | 657,363 | |
| Sally Beauty Holdings * | | | 56,168 | | | | 730,184 | |
| Savers Value Village * | | | 12,744 | | | | 130,371 | |
| Shake Shack, Cl A * | | | 20,720 | | | | 2,521,002 | |
| Shoe Carnival | | | 9,730 | | | | 333,447 | |
| Signet Jewelers | | | 23,268 | | | | 2,133,210 | |
| Six Flags Entertainment | | | 50,518 | | | | 1,990,914 | |
| Skyline Champion * | | | 29,233 | | | | 2,579,228 | |
| Sleep Number * | | | 11,814 | | | | 161,852 | |
| Solid Power * (A) | | | 83,408 | | | | 98,421 | |
| Solo Brands, Cl A * | | | 11,449 | | | | 14,311 | |
| Sonic Automotive, Cl A | | | 7,950 | | | | 451,004 | |
| Sonos * | | | 67,148 | | | | 841,364 | |
| Standard Motor Products | | | 11,375 | | | | 366,161 | |
| Steven Madden | | | 39,472 | | | | 1,775,056 | |
The accompanying notes are an integral part of the financial statements.
152
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Discretionary — continued | | | | | | | | |
| Stitch Fix, Cl A * | | | 48,979 | | | $ | 154,529 | |
| Stoneridge * | | | 14,917 | | | | 104,270 | |
| Strategic Education | | | 12,107 | | | | 1,052,825 | |
| Stride * | | | 23,196 | | | | 2,163,723 | |
| Superior Group | | | 7,105 | | | | 104,799 | |
| Sweetgreen, Cl A * | | | 53,810 | | | | 1,942,541 | |
| Target Hospitality * | | | 18,019 | | | | 134,422 | |
| Taylor Morrison Home, Cl A * | | | 55,748 | | | | 3,818,738 | |
| ThredUp, Cl A * | | | 41,555 | | | | 25,619 | |
| Tile Shop Holdings * | | | 16,074 | | | | 106,249 | |
| Tilly’s, Cl A * | | | 8,061 | | | | 32,405 | |
| Topgolf Callaway Brands * | | | 77,264 | | | | 750,233 | |
| Torrid Holdings * (A) | | | 7,144 | | | | 25,933 | |
| Traeger * | | | 19,646 | | | | 60,903 | |
| Tri Pointe Homes * | | | 50,227 | | | | 2,030,678 | |
| Udemy * | | | 52,289 | | | | 409,946 | |
| United Homes Group * | | | 2,850 | | | | 15,362 | |
| United Parks & Resorts * | | | 19,222 | | | | 1,011,654 | |
| Universal Technical Institute * | | | 21,591 | | | | 359,274 | |
| Upbound Group, Cl A | | | 29,257 | | | | 855,475 | |
| Urban Outfitters * | | | 34,896 | | | | 1,254,511 | |
| Vacasa, Cl A * (A) | | | 5,136 | | | | 13,045 | |
| Vera Bradley * | | | 14,502 | | | | 72,655 | |
| Victoria’s Secret * | | | 42,779 | | | | 1,294,493 | |
| Vista Outdoor * | | | 31,760 | | | | 1,396,487 | |
| Visteon * | | | 14,860 | | | | 1,341,115 | |
| Vizio Holding, Cl A * | | | 48,523 | | | | 540,061 | |
| Warby Parker, Cl A * | | | 47,507 | | | | 804,294 | |
| Weyco Group | | | 3,309 | | | | 111,381 | |
| Winmark | | | 1,589 | | | | 592,522 | |
| Winnebago Industries | | | 15,421 | | | | 864,193 | |
| Wolverine World Wide | | | 42,869 | | | | 659,754 | |
| Worthington Enterprises | | | 17,192 | | | | 658,454 | |
| XPEL * | | | 13,800 | | | | 532,266 | |
| Xponential Fitness, Cl A * | | | 13,088 | | | | 160,328 | |
| Zumiez * | | | 8,930 | | | | 183,958 | |
| | | | | | | | 137,238,794 | |
The accompanying notes are an integral part of the financial statements.
153
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Staples — 2.6% | | | | | | | | |
| Alico | | | 3,921 | | | $ | 96,104 | |
| Andersons | | | 17,781 | | | | 807,257 | |
| B&G Foods | | | 42,363 | | | | 360,933 | |
| Beauty Health * | | | 40,554 | | | | 65,495 | |
| Beyond Meat * (A) | | | 32,731 | | | | 199,332 | |
| BRC, Cl A * (A) | | | 28,393 | | | | 88,870 | |
| Calavo Growers | | | 9,175 | | | | 243,871 | |
| Cal-Maine Foods | | | 22,341 | | | | 1,961,093 | |
| Central Garden & Pet * | | | 5,250 | | | | 180,075 | |
| Central Garden & Pet, Cl A * | | | 28,424 | | | | 828,275 | |
| Chefs’ Warehouse * | | | 19,062 | | | | 760,955 | |
| Dole | | | 40,891 | | | | 660,390 | |
| Duckhorn Portfolio * | | | 29,046 | | | | 318,344 | |
| Edgewell Personal Care | | | 26,803 | | | | 936,765 | |
| Fresh Del Monte Produce | | | 18,439 | | | | 592,076 | |
| Hain Celestial Group * | | | 49,031 | | | | 428,041 | |
| Herbalife * | | | 54,669 | | | | 412,751 | |
| HF Foods Group * | | | 21,693 | | | | 74,190 | |
| Honest * | | | 43,737 | | | | 162,702 | |
| Ingles Markets, Cl A | | | 7,879 | | | | 503,153 | |
| Inter Parfums | | | 9,926 | | | | 1,201,741 | |
| Ispire Technology * (A) | | | 10,532 | | | | 59,084 | |
| J & J Snack Foods | | | 8,310 | | | | 1,363,837 | |
| John B Sanfilippo & Son | | | 4,896 | | | | 403,969 | |
| Lancaster Colony | | | 10,656 | | | | 1,849,882 | |
| Lifecore Biomedical * | | | 11,634 | | | | 66,081 | |
| Lifeway Foods * | | | 2,461 | | | | 65,487 | |
| Limoneira | | | 9,084 | | | | 232,914 | |
| Mama’s Creations * | | | 17,969 | | | | 133,869 | |
| Medifast | | | 5,928 | | | | 108,957 | |
| MGP Ingredients | | | 7,737 | | | | 371,685 | |
| Mission Produce * | | | 23,721 | | | | 279,908 | |
| National Beverage | | | 12,838 | | | | 580,149 | |
| Natural Grocers by Vitamin Cottage | | | 5,114 | | | | 140,021 | |
| Nature’s Sunshine Products * | | | 7,144 | | | | 90,443 | |
| Nu Skin Enterprises, Cl A | | | 27,118 | | | | 167,860 | |
| Olaplex Holdings * | | | 75,721 | | | | 134,783 | |
| PriceSmart | | | 13,670 | | | | 1,135,704 | |
| Primo Water | | | 85,974 | | | | 2,255,098 | |
The accompanying notes are an integral part of the financial statements.
154
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Staples — continued | | | | | | | | |
| Seneca Foods, Cl A * | | | 2,524 | | | $ | 156,059 | |
| Simply Good Foods * | | | 49,711 | | | | 1,673,272 | |
| SpartanNash | | | 18,378 | | | | 386,673 | |
| Sprouts Farmers Market * | | | 54,882 | | | | 7,048,495 | |
| TreeHouse Foods * | | | 26,014 | | | | 946,389 | |
| Turning Point Brands | | | 9,361 | | | | 442,120 | |
| United Natural Foods * | | | 32,017 | | | | 651,226 | |
| Universal | | | 12,967 | | | | 660,280 | |
| USANA Health Sciences * | | | 6,224 | | | | 229,915 | |
| Utz Brands | | | 35,516 | | | | 611,585 | |
| Veru * | | | 72,135 | | | | 54,484 | |
| Village Super Market, Cl A | | | 4,757 | | | | 135,765 | |
| Vita Coco * | | | 21,373 | | | | 632,855 | |
| Vital Farms * | | | 17,805 | | | | 617,477 | |
| Waldencast, Cl A * (A) | | | 13,349 | | | | 46,054 | |
| WD-40 | | | 7,417 | | | | 1,943,773 | |
| Weis Markets | | | 8,963 | | | | 563,683 | |
| Westrock Coffee * (A) | | | 18,484 | | | | 122,734 | |
| WK Kellogg | | | 35,831 | | | | 595,870 | |
| | | | | | | | 37,840,853 | |
| Energy — 4.6% | | | | | | | | |
| Aemetis * (A) | | | 20,072 | | | | 53,592 | |
| Amplify Energy * | | | 21,408 | | | | 141,721 | |
| Archrock | | | 90,921 | | | | 1,820,238 | |
| Atlas Energy Solutions, Cl A | | | 36,700 | | | | 718,219 | |
| Berry | | | 41,869 | | | | 210,182 | |
| Bristow Group * | | | 13,402 | | | | 444,544 | |
| Cactus, Cl A | | | 35,694 | | | | 2,116,297 | |
| California Resources | | | 37,586 | | | | 1,953,344 | |
| Centrus Energy, Cl A *(B) | | | 7,660 | | | | 795,185 | |
| ChampionX | | | 103,938 | | | | 2,933,130 | |
| Clean Energy Fuels * | | | 93,029 | | | | 263,272 | |
| CNX Resources * | | | 80,545 | | | | 2,740,946 | |
| Comstock Resources | | | 50,506 | | | | 583,849 | |
| CONSOL Energy | | | 15,919 | | | | 1,765,736 | |
| Core Laboratories | | | 25,643 | | | | 484,653 | |
| Crescent Energy, Cl A | | | 78,139 | | | | 971,268 | |
| CVR Energy | | | 18,672 | | | | 296,885 | |
The accompanying notes are an integral part of the financial statements.
155
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Energy — continued | | | | | | | | |
| Delek US Holdings | | | 34,208 | | | $ | 536,039 | |
| DHT Holdings | | | 73,536 | | | | 758,892 | |
| Diversified Energy (A) | | | 25,694 | | | | 308,328 | |
| DMC Global * | | | 10,716 | | | | 108,125 | |
| Dorian LPG | | | 19,796 | | | | 571,115 | |
| Drilling Tools International * | | | 6,429 | | | | 21,537 | |
| Empire Petroleum * | | | 7,303 | | | | 37,830 | |
| Energy Fuels * (A)(B) | | | 100,757 | | | | 606,557 | |
| Evolution Petroleum | | | 16,700 | | | | 86,005 | |
| Excelerate Energy, Cl A | | | 9,085 | | | | 216,950 | |
| Expro Group Holdings * | | | 51,585 | | | | 657,709 | |
| Forum Energy Technologies * | | | 6,389 | | | | 89,318 | |
| FutureFuel | | | 14,502 | | | | 87,592 | |
| Geospace Technologies * | | | 6,860 | | | | 76,832 | |
| Granite Ridge Resources | | | 28,799 | | | | 170,778 | |
| Green Plains * | | | 34,727 | | | | 424,711 | |
| Gulfport Energy * | | | 7,069 | | | | 978,632 | |
| Hallador Energy * | | | 13,666 | | | | 135,703 | |
| Helix Energy Solutions Group * | | | 78,494 | | | | 726,070 | |
| Helmerich & Payne | | | 52,667 | | | | 1,769,611 | |
| HighPeak Energy (A) | | | 7,914 | | | | 101,299 | |
| Innovex International * | | | 18,702 | | | | 265,381 | |
| International Seaways | | | 22,015 | | | | 958,533 | |
| Kinetik Holdings, Cl A | | | 20,869 | | | | 1,015,694 | |
| Kodiak Gas Services | | | 10,945 | | | | 348,927 | |
| Liberty Energy, Cl A | | | 87,966 | | | | 1,501,580 | |
| Magnolia Oil & Gas, Cl A | | | 94,355 | | | | 2,385,294 | |
| Mammoth Energy Services * | | | 13,298 | | | | 58,511 | |
| Murphy Oil | | | 79,026 | | | | 2,487,739 | |
| Nabors Industries * | | | 4,981 | | | | 370,636 | |
| NACCO Industries, Cl A | | | 2,308 | | | | 72,264 | |
| Natural Gas Services Group * | | | 5,869 | | | | 114,856 | |
| Newpark Resources * | | | 45,187 | | | | 300,945 | |
| NextDecade * | | | 63,282 | | | | 369,567 | |
| Noble | | | 75,222 | | | | 2,405,600 | |
| Northern Oil & Gas | | | 54,045 | | | | 1,959,131 | |
| Oceaneering International * | | | 55,061 | | | | 1,343,488 | |
| Oil States International * | | | 33,553 | | | | 158,706 | |
| Par Pacific Holdings * | | | 30,484 | | | | 470,978 | |
The accompanying notes are an integral part of the financial statements.
156
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Energy — continued | | | | | | | | |
| Patterson-UTI Energy | | | 212,006 | | | $ | 1,626,086 | |
| PBF Energy, Cl A | | | 56,586 | | | | 1,613,833 | |
| Peabody Energy | | | 68,918 | | | | 1,810,476 | |
| Prairie Operating * (A) | | | 2,377 | | | | 19,848 | |
| PrimeEnergy Resources * | | | 377 | | | | 62,186 | |
| ProFrac Holding, Cl A * (A) | | | 12,170 | | | | 72,472 | |
| ProPetro Holding * | | | 48,038 | | | | 331,943 | |
| Ranger Energy Services, Cl A | | | 8,540 | | | | 110,849 | |
| REX American Resources * | | | 8,408 | | | | 376,090 | |
| Riley Exploration Permian | | | 6,166 | | | | 164,694 | |
| Ring Energy * | | | 80,857 | | | | 119,668 | |
| RPC | | | 46,447 | | | | 263,819 | |
| Sable Offshore * (A) | | | 27,227 | | | | 608,796 | |
| SandRidge Energy | | | 17,517 | | | | 194,264 | |
| SEACOR Marine Holdings * | | | 13,329 | | | | 90,637 | |
| Select Water Solutions, Cl A | | | 49,734 | | | | 527,180 | |
| Sitio Royalties, Cl A | | | 44,010 | | | | 980,983 | |
| SM Energy | | | 62,337 | | | | 2,616,284 | |
| Solaris Oilfield Infrastructure, Cl A | | | 13,732 | | | | 180,439 | |
| Talos Energy * | | | 80,626 | | | | 823,998 | |
| Teekay * | | | 31,230 | | | | 261,395 | |
| Teekay Tankers, Cl A | | | 13,095 | | | | 624,370 | |
| TETRA Technologies * | | | 68,387 | | | | 229,097 | |
| Tidewater * | | | 26,572 | | | | 1,596,180 | |
| Transocean * | | | 397,336 | | | | 1,724,438 | |
| Uranium Energy *(B) | | | 217,325 | | | | 1,612,552 | |
| Ur-Energy *(B) | | | 184,729 | | | | 234,606 | |
| VAALCO Energy | | | 56,938 | | | | 304,049 | |
| Valaris * | | | 34,199 | | | | 1,730,469 | |
| Verde Clean Fuels * | | | 1,794 | | | | 7,517 | |
| Vital Energy * | | | 15,671 | | | | 427,348 | |
| Vitesse Energy | | | 13,671 | | | | 339,998 | |
| W&T Offshore | | | 51,692 | | | | 110,104 | |
| World Kinect | | | 31,616 | | | | 826,758 | |
| | | | | | | | 65,973,950 | |
| Financials — 18.1% | | | | | | | | |
| 1st Source | | | 10,008 | | | | 592,774 | |
| Acacia Research * | | | 20,673 | | | | 93,442 | |
The accompanying notes are an integral part of the financial statements.
157
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| ACNB | | | 4,490 | | | $ | 188,580 | |
| AFC Gamma † | | | 9,144 | | | | 89,154 | |
| Alerus Financial | | | 12,210 | | | | 247,008 | |
| AlTi Global * (A) | | | 18,389 | | | | 75,027 | |
| Amalgamated Financial | | | 9,766 | | | | 323,889 | |
| Ambac Financial Group * | | | 23,737 | | | | 268,465 | |
| Amerant Bancorp, Cl A | | | 16,130 | | | | 343,892 | |
| American Coastal Insurance * | | | 13,167 | | | | 159,979 | |
| Ameris Bancorp | | | 35,868 | | | | 2,223,457 | |
| AMERISAFE | | | 10,250 | | | | 554,012 | |
| Ames National | | | 4,801 | | | | 81,593 | |
| Angel Oak Mortgage REIT † | | | 6,479 | | | | 58,441 | |
| Apollo Commercial Real Estate Finance † | | | 77,668 | | | | 690,469 | |
| Arbor Realty Trust † | | | 100,325 | | | | 1,478,791 | |
| Ares Commercial Real Estate † | | | 29,267 | | | | 185,845 | |
| ARMOUR Residential REIT † | | | 26,719 | | | | 500,981 | |
| Arrow Financial | | | 8,930 | | | | 254,862 | |
| Artisan Partners Asset Management, Cl A | | | 34,325 | | | | 1,513,733 | |
| Associated Banc-Corp | | | 81,570 | | | | 1,936,472 | |
| Atlantic Union Bankshares | | | 48,724 | | | | 1,841,767 | |
| Atlanticus Holdings * | | | 2,984 | | | | 110,975 | |
| AvidXchange Holdings * | | | 94,670 | | | | 780,081 | |
| Axos Financial * | | | 29,759 | | | | 2,015,279 | |
| B Riley Financial (A) | | | 10,875 | | | | 64,108 | |
| Baldwin Insurance Group, Cl A * | | | 35,880 | | | | 1,659,809 | |
| Banc of California | | | 75,709 | | | | 1,162,890 | |
| BancFirst | | | 10,861 | | | | 1,180,699 | |
| Bancorp * | | | 27,247 | | | | 1,369,434 | |
| Bank First | | | 5,358 | | | | 492,990 | |
| Bank of Hawaii | | | 21,279 | | | | 1,536,982 | |
| Bank of Marin Bancorp | | | 8,743 | | | | 194,182 | |
| Bank7 | | | 2,209 | | | | 92,668 | |
| BankUnited | | | 40,643 | | | | 1,436,324 | |
| Bankwell Financial Group | | | 3,572 | | | | 101,838 | |
| Banner | | | 18,709 | | | | 1,198,124 | |
| Bar Harbor Bankshares | | | 8,135 | | | | 261,540 | |
| BayCom | | | 5,473 | | | | 136,004 | |
| BCB Bancorp | | | 8,159 | | | | 99,050 | |
| Berkshire Hills Bancorp | | | 23,389 | | | | 636,882 | |
The accompanying notes are an integral part of the financial statements.
158
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| BGC Group, Cl A | | | 198,369 | | | $ | 1,858,718 | |
| Bit Digital * | | | 63,764 | | | | 242,941 | |
| Blackstone Mortgage Trust, Cl A † (A) | | | 94,598 | | | | 1,722,630 | |
| Blue Foundry Bancorp * | | | 11,323 | | | | 111,305 | |
| Bowhead Specialty Holdings * | | | 3,946 | | | | 114,868 | |
| Bread Financial Holdings | | | 27,099 | | | | 1,350,885 | |
| Bridgewater Bancshares * | | | 10,930 | | | | 159,578 | |
| Brightsphere Investment Group | | | 15,093 | | | | 398,304 | |
| BrightSpire Capital, Cl A † | | | 70,609 | | | | 429,303 | |
| Brookline Bancorp | | | 48,048 | | | | 540,540 | |
| Burford Capital | | | 109,174 | | | | 1,473,849 | |
| Burke & Herbert Financial Services | | | 7,382 | | | | 467,576 | |
| Business First Bancshares | | | 13,163 | | | | 344,739 | |
| Byline Bancorp | | | 17,021 | | | | 458,035 | |
| Cadence Bank | | | 99,252 | | | | 3,317,994 | |
| Camden National | | | 7,894 | | | | 331,153 | |
| Cannae Holdings | | | 30,765 | | | | 610,685 | |
| Cantaloupe * | | | 31,818 | | | | 281,907 | |
| Capital Bancorp | | | 5,040 | | | | 127,260 | |
| Capital City Bank Group | | | 7,590 | | | | 265,650 | |
| Capitol Federal Financial | | | 67,816 | | | | 437,074 | |
| Carter Bankshares * | | | 12,502 | | | | 230,037 | |
| Cass Information Systems | | | 7,451 | | | | 308,173 | |
| Cathay General Bancorp | | | 37,906 | | | | 1,742,918 | |
| Central Pacific Financial | | | 14,614 | | | | 393,701 | |
| Chemung Financial | | | 1,786 | | | | 85,335 | |
| Chicago Atlantic Real Estate Finance † | | | 9,144 | | | | 138,257 | |
| Chimera Investment † | | | 43,883 | | | | 662,633 | |
| ChoiceOne Financial Services | | | 4,540 | | | | 150,592 | |
| Cipher Mining * | | | 98,346 | | | | 484,846 | |
| Citizens & Northern | | | 8,128 | | | | 153,782 | |
| Citizens Financial Services | | | 2,516 | | | | 146,658 | |
| City Holding | | | 7,972 | | | | 929,535 | |
| Civista Bancshares | | | 8,380 | | | | 170,701 | |
| Claros Mortgage Trust † | | | 47,095 | | | | 296,228 | |
| Cleanspark * | | | 124,507 | | | | 1,321,019 | |
| CNB Financial | | | 11,232 | | | | 285,068 | |
| CNO Financial Group | | | 57,355 | | | | 1,973,012 | |
| Coastal Financial * | | | 6,084 | | | | 383,231 | |
The accompanying notes are an integral part of the financial statements.
159
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| Cohen & Steers | | | 14,980 | | | $ | 1,479,575 | |
| Colony Bankcorp | | | 8,930 | | | | 135,825 | |
| Columbia Financial * | | | 14,926 | | | | 254,936 | |
| Community Financial System | | | 28,502 | | | | 1,742,612 | |
| Community Trust Bancorp | | | 8,378 | | | | 433,980 | |
| Community West Bancshares | | | 9,286 | | | | 174,020 | |
| Compass Diversified Holdings | | | 36,302 | | | | 787,753 | |
| ConnectOne Bancorp | | | 19,805 | | | | 480,073 | |
| Consumer Portfolio Services * | | | 4,637 | | | | 46,416 | |
| Crawford, Cl A | | | 8,264 | | | | 92,061 | |
| CrossFirst Bankshares * | | | 24,718 | | | | 388,073 | |
| Customers Bancorp * | | | 16,114 | | | | 743,339 | |
| CVB Financial | | | 72,186 | | | | 1,402,574 | |
| Diamond Hill Investment Group | | | 1,433 | | | | 216,268 | |
| Dime Community Bancshares | | | 19,368 | | | | 582,396 | |
| Donegal Group, Cl A | | | 8,472 | | | | 128,436 | |
| Donnelley Financial Solutions * | | | 14,074 | | | | 821,077 | |
| Dynex Capital † | | | 40,529 | | | | 494,859 | |
| Eagle Bancorp | | | 15,830 | | | | 414,904 | |
| Eastern Bankshares | | | 105,117 | | | | 1,716,561 | |
| Ellington Financial † | | | 45,033 | | | | 544,449 | |
| Employers Holdings | | | 13,459 | | | | 655,722 | |
| Enact Holdings | | | 15,981 | | | | 544,792 | |
| Encore Capital Group * | | | 12,793 | | | | 584,384 | |
| Enova International * | | | 13,894 | | | | 1,207,528 | |
| Enstar Group * | | | 6,901 | | | | 2,225,573 | |
| Enterprise Bancorp | | | 5,358 | | | | 172,045 | |
| Enterprise Financial Services | | | 20,171 | | | | 1,063,415 | |
| Equity Bancshares, Cl A | | | 7,796 | | | | 331,252 | |
| Esquire Financial Holdings | | | 3,896 | | | | 259,396 | |
| ESSA Bancorp | | | 4,578 | | | | 86,158 | |
| Essent Group | | | 56,853 | | | | 3,411,749 | |
| F&G Annuities & Life | | | 10,149 | | | | 406,975 | |
| Farmers & Merchants Bancorp | | | 6,947 | | | | 188,333 | |
| Farmers National Banc | | | 19,805 | | | | 272,517 | |
| FB Financial | | | 19,333 | | | | 951,184 | |
| Federal Agricultural Mortgage, Cl C | | | 4,980 | | | | 912,685 | |
| Fidelity D&D Bancorp | | | 2,542 | | | | 133,455 | |
| Financial Institutions | | | 8,296 | | | | 199,187 | |
The accompanying notes are an integral part of the financial statements.
160
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| First Bancorp | | | 21,813 | | | $ | 909,602 | |
| First Bancorp | | | 5,912 | | | | 153,121 | |
| First Bancshares | | | 16,568 | | | | 554,531 | |
| First Bank | | | 11,508 | | | | 162,953 | |
| First Busey | | | 29,033 | | | | 705,792 | |
| First Business Financial Services | | | 4,247 | | | | 181,772 | |
| First Commonwealth Financial | | | 55,099 | | | | 905,828 | |
| First Community Bankshares | | | 9,207 | | | | 381,722 | |
| First Financial | | | 6,211 | | | | 266,825 | |
| First Financial Bancorp | | | 51,429 | | | | 1,315,554 | |
| First Financial Bankshares | | | 70,898 | | | | 2,562,254 | |
| First Financial Northwest | | | 3,828 | | | | 86,130 | |
| First Foundation | | | 34,238 | | | | 230,422 | |
| First Internet Bancorp | | | 4,453 | | | | 155,721 | |
| First Interstate BancSystem, Cl A | | | 43,230 | | | | 1,331,484 | |
| First Merchants | | | 31,769 | | | | 1,177,041 | |
| First Mid Bancshares | | | 12,502 | | | | 476,951 | |
| First of Long Island | | | 11,693 | | | | 147,039 | |
| First Western Financial * | | | 4,314 | | | | 82,009 | |
| FirstCash Holdings | | | 20,957 | | | | 2,168,421 | |
| Five Star Bancorp | | | 8,910 | | | | 268,013 | |
| Flushing Financial | | | 15,057 | | | | 236,018 | |
| Flywire * | | | 65,782 | | | | 1,145,922 | |
| Forge Global Holdings * | | | 61,207 | | | | 71,000 | |
| Franklin BSP Realty Trust † | | | 44,753 | | | | 582,237 | |
| FS Bancorp | | | 3,656 | | | | 159,987 | |
| Fulton Financial | | | 98,927 | | | | 1,791,568 | |
| FVCBankcorp * | | | 8,930 | | | | 116,313 | |
| GCM Grosvenor | | | 23,107 | | | | 266,655 | |
| Genworth Financial, Cl A * | | | 234,548 | | | | 1,580,854 | |
| German American Bancorp | | | 15,528 | | | | 628,729 | |
| Glacier Bancorp | | | 62,069 | | | | 3,236,898 | |
| GoHealth, Cl A * | | | 2,517 | | | | 28,543 | |
| Goosehead Insurance, Cl A * | | | 12,256 | | | | 1,334,678 | |
| Granite Point Mortgage Trust † | | | 28,576 | | | | 85,156 | |
| Great Southern Bancorp | | | 4,680 | | | | 265,309 | |
| Green Dot, Cl A * | | | 29,032 | | | | 329,804 | |
| Greene County Bancorp | | | 3,860 | | | | 108,080 | |
| Greenlight Capital Re, Cl A * | | | 15,095 | | | | 203,481 | |
The accompanying notes are an integral part of the financial statements.
161
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| Guaranty Bancshares | | | 4,304 | | | $ | 141,429 | |
| HA Sustainable Infrastructure Capital | | | 61,191 | | | | 2,141,073 | |
| Hamilton Lane, Cl A | | | 20,931 | | | | 3,760,045 | |
| Hancock Whitney | | | 47,279 | | | | 2,462,290 | |
| Hanmi Financial | | | 16,485 | | | | 377,012 | |
| HarborOne Bancorp | | | 20,908 | | | | 248,178 | |
| HBT Financial | | | 7,144 | | | | 152,596 | |
| HCI Group | | | 4,452 | | | | 504,456 | |
| Heartland Financial USA | | | 23,092 | | | | 1,373,974 | |
| Heritage Commerce | | | 32,653 | | | | 317,061 | |
| Heritage Financial | | | 18,755 | | | | 431,177 | |
| Heritage Insurance Holdings * | | | 12,487 | | | | 129,240 | |
| Hilltop Holdings | | | 25,375 | | | | 777,236 | |
| Hingham Institution For Savings | | | 829 | | | | 210,168 | |
| Hippo Holdings * | | | 10,835 | | | | 240,212 | |
| Home Bancorp | | | 3,835 | | | | 180,820 | |
| Home BancShares | | | 102,669 | | | | 2,801,837 | |
| HomeStreet | | | 10,006 | | | | 90,604 | |
| HomeTrust Bancshares | | | 8,016 | | | | 265,730 | |
| Hope Bancorp | | | 63,158 | | | | 782,528 | |
| Horace Mann Educators | | | 22,404 | | | | 834,325 | |
| Horizon Bancorp | | | 23,761 | | | | 380,651 | |
| I3 Verticals, Cl A * | | | 12,315 | | | | 283,122 | |
| Independent Bank | | | 10,905 | | | | 357,466 | |
| Independent Bank | | | 23,118 | | | | 1,454,122 | |
| Independent Bank Group | | | 19,745 | | | | 1,152,318 | |
| International Bancshares | | | 29,434 | | | | 1,803,127 | |
| International Money Express * | | | 17,336 | | | | 304,940 | |
| Invesco Mortgage Capital † | | | 26,949 | | | | 217,478 | |
| Investar Holding | | | 5,050 | | | | 105,394 | |
| Investors Title | | | 770 | | | | 178,086 | |
| Jackson Financial, Cl A | | | 41,606 | | | | 4,158,520 | |
| James River Group Holdings | | | 17,109 | | | | 106,418 | |
| John Marshall Bancorp | | | 6,826 | | | | 145,667 | |
| Kearny Financial | | | 29,828 | | | | 208,498 | |
| KKR Real Estate Finance Trust † | | | 31,529 | | | | 365,421 | |
| Ladder Capital, Cl A † | | | 61,844 | | | | 705,640 | |
| Lakeland Financial | | | 13,560 | | | | 882,349 | |
| LCNB | | | 7,144 | | | | 112,089 | |
The accompanying notes are an integral part of the financial statements.
162
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| Lemonade * (A) | | | 28,180 | | | $ | 669,839 | |
| LendingClub * | | | 59,521 | | | | 844,008 | |
| LendingTree * | | | 5,477 | | | | 312,353 | |
| LINKBANCORP | | | 12,087 | | | | 86,603 | |
| Live Oak Bancshares | | | 18,892 | | | | 750,201 | |
| Maiden Holdings * | | | 44,809 | | | | 69,230 | |
| MarketWise | | | 18,337 | | | | 10,635 | |
| Marqeta, Cl A * | | | 254,021 | | | | 1,437,759 | |
| MBIA | | | 25,210 | | | | 99,327 | |
| Medallion Financial | | | 10,228 | | | | 96,757 | |
| Mercantile Bank | | | 8,625 | | | | 369,668 | |
| Merchants Bancorp | | | 9,852 | | | | 363,933 | |
| Mercury General | | | 14,573 | | | | 985,572 | |
| Metrocity Bankshares | | | 10,089 | | | | 298,433 | |
| Metropolitan Bank Holding * | | | 5,814 | | | | 311,049 | |
| MFA Financial † | | | 55,770 | | | | 685,413 | |
| Mid Penn Bancorp | | | 8,145 | | | | 257,301 | |
| Middlefield Banc | | | 4,017 | | | | 113,440 | |
| Midland States Bancorp | | | 11,188 | | | | 277,574 | |
| MidWestOne Financial Group | | | 7,926 | | | | 229,378 | |
| Moelis, Cl A | | | 38,502 | | | | 2,556,533 | |
| Moneylion * | | | 4,611 | | | | 198,135 | |
| Mortgage Investment Trust † | | | 15,723 | | | | 114,621 | |
| Mr Cooper Group * | | | 34,770 | | | | 3,078,884 | |
| MVB Financial | | | 6,241 | | | | 118,517 | |
| National Bank Holdings, Cl A | | | 20,104 | | | | 903,876 | |
| National Bankshares | | | 3,141 | | | | 89,770 | |
| Navient | | | 43,021 | | | | 612,189 | |
| NB Bancorp * | | | 21,259 | | | | 401,583 | |
| NBT Bancorp | | | 25,074 | | | | 1,115,292 | |
| NCR Atleos * | | | 39,336 | | | | 1,029,816 | |
| Nelnet, Cl A | | | 7,726 | | | | 870,720 | |
| NerdWallet, Cl A * | | | 21,108 | | | | 310,077 | |
| New York Community Bancorp | | | 138,194 | | | | 1,398,523 | |
| New York Mortgage Trust † | | | 49,468 | | | | 285,430 | |
| NewtekOne | | | 12,661 | | | | 165,606 | |
| Nexpoint Real Estate Finance † | | | 4,463 | | | | 67,525 | |
| NI Holdings * | | | 4,210 | | | | 66,097 | |
| Nicolet Bankshares | | | 7,264 | | | | 738,676 | |
The accompanying notes are an integral part of the financial statements.
163
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| NMI Holdings, Cl A * | | | 42,742 | | | $ | 1,653,261 | |
| Northeast Bank | | | 3,578 | | | | 317,941 | |
| Northeast Community Bancorp | | | 6,732 | | | | 174,763 | |
| Northfield Bancorp | | | 21,591 | | | | 254,126 | |
| Northrim BanCorp | | | 2,873 | | | | 187,521 | |
| Northwest Bancshares | | | 69,448 | | | | 922,964 | |
| Norwood Financial | | | 3,976 | | | | 116,616 | |
| Oak Valley Bancorp | | | 3,760 | | | | 101,520 | |
| OceanFirst Financial | | | 31,439 | | | | 572,190 | |
| Old National Bancorp | | | 171,427 | | | | 3,301,684 | |
| Old Second Bancorp | | | 23,842 | | | | 391,486 | |
| Onity Group * | | | 3,572 | | | | 106,160 | |
| Open Lending, Cl A * | | | 55,684 | | | | 311,830 | |
| OppFi | | | 9,887 | | | | 50,621 | |
| Orange County Bancorp | | | 2,788 | | | | 147,541 | |
| Orchid Island Capital, Cl A † (A) | | | 38,998 | | | | 295,215 | |
| Origin Bancorp | | | 15,969 | | | | 501,267 | |
| Orrstown Financial Services | | | 10,015 | | | | 374,962 | |
| Oscar Health, Cl A * | | | 105,864 | | | | 1,778,515 | |
| P10, Cl A | | | 22,230 | | | | 245,642 | |
| Pacific Premier Bancorp | | | 52,212 | | | | 1,331,928 | |
| Palomar Holdings * | | | 13,333 | | | | 1,196,903 | |
| Park National | | | 7,832 | | | | 1,353,213 | |
| Parke Bancorp | | | 5,748 | | | | 121,398 | |
| Pathward Financial | | | 13,695 | | | | 969,058 | |
| Payoneer Global * | | | 154,311 | | | | 1,330,161 | |
| Paysafe * | | | 17,578 | | | | 373,357 | |
| Paysign * | | | 18,019 | | | | 65,049 | |
| PCB Bancorp | | | 5,956 | | | | 111,794 | |
| Peapack-Gladstone Financial | | | 9,129 | | | | 293,406 | |
| PennyMac Financial Services | | | 14,539 | | | | 1,449,248 | |
| PennyMac Mortgage Investment Trust † | | | 47,344 | | | | 638,197 | |
| Peoples Bancorp | | | 18,891 | | | | 581,465 | |
| Peoples Bancorp of North Carolina | | | 2,399 | | | | 61,774 | |
| Peoples Financial Services | | | 5,027 | | | | 234,560 | |
| Perella Weinberg Partners, Cl A | | | 28,749 | | | | 581,592 | |
| Pioneer Bancorp * | | | 6,362 | | | | 71,254 | |
| Piper Sandler | | | 9,440 | | | | 2,677,562 | |
| PJT Partners | | | 12,840 | | | | 1,784,246 | |
The accompanying notes are an integral part of the financial statements.
164
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| Plumas Bancorp | | | 2,969 | | | $ | 123,243 | |
| Ponce Financial Group * | | | 10,716 | | | | 120,555 | |
| PRA Group * | | | 21,178 | | | | 426,948 | |
| Preferred Bank | | | 6,775 | | | | 571,607 | |
| Premier Financial | | | 19,366 | | | | 477,566 | |
| Primis Financial | | | 10,875 | | | | 122,126 | |
| Princeton Bancorp | | | 2,721 | | | | 95,562 | |
| Priority Technology Holdings * | | | 9,878 | | | | 53,242 | |
| ProAssurance * | | | 27,728 | | | | 412,870 | |
| PROG Holdings | | | 22,643 | | | | 988,820 | |
| Provident Bancorp * | | | 8,560 | | | | 88,767 | |
| Provident Financial Services | | | 68,593 | | | | 1,281,317 | |
| QCR Holdings | | | 8,921 | | | | 705,651 | |
| Radian Group | | | 82,563 | | | | 2,882,274 | |
| RBB Bancorp | | | 9,088 | | | | 201,754 | |
| Ready Capital † | | | 87,158 | | | | 597,032 | |
| Red River Bancshares | | | 2,497 | | | | 130,393 | |
| Redwood Trust † | | | 71,970 | | | | 526,820 | |
| Regional Management | | | 4,378 | | | | 125,736 | |
| Remitly Global * | | | 80,125 | | | | 1,440,648 | |
| Renasant | | | 33,524 | | | | 1,143,504 | |
| Repay Holdings, Cl A * | | | 49,306 | | | | 392,229 | |
| Republic Bancorp, Cl A | | | 4,523 | | | | 305,303 | |
| Riot Platforms * | | | 155,388 | | | | 1,435,785 | |
| Root, Cl A * | | | 4,717 | | | | 322,596 | |
| S&T Bancorp | | | 20,782 | | | | 789,300 | |
| Safety Insurance Group | | | 7,987 | | | | 625,103 | |
| Sandy Spring Bancorp | | | 24,000 | | | | 807,360 | |
| Seacoast Banking Corp of Florida | | | 46,049 | | | | 1,229,508 | |
| Selective Insurance Group | | | 33,139 | | | | 3,009,684 | |
| Selectquote * | | | 73,211 | | | | 146,422 | |
| ServisFirst Bancshares | | | 27,646 | | | | 2,298,488 | |
| Seven Hills Realty Trust † | | | 6,984 | | | | 88,138 | |
| Sezzle * | | | 1,268 | | | | 272,189 | |
| Shore Bancshares | | | 16,757 | | | | 243,647 | |
| Sierra Bancorp | | | 7,102 | | | | 201,697 | |
| Silvercrest Asset Management Group, Cl A | | | 5,358 | | | | 93,390 | |
| Simmons First National, Cl A | | | 67,642 | | | | 1,569,294 | |
| Skyward Specialty Insurance Group * | | | 20,236 | | | | 894,634 | |
The accompanying notes are an integral part of the financial statements.
165
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| SmartFinancial | | | 8,671 | | | $ | 287,530 | |
| South Plains Financial | | | 6,418 | | | | 216,287 | |
| Southern California Bancorp * | | | 13,284 | | | | 193,681 | |
| Southern First Bancshares * | | | 4,162 | | | | 159,030 | |
| Southern Missouri Bancorp | | | 5,195 | | | | 308,064 | |
| Southern States Bancshares | | | 4,513 | | | | 140,399 | |
| Southside Bancshares | | | 15,705 | | | | 508,842 | |
| SouthState | | | 41,433 | | | | 4,040,960 | |
| Stellar Bancorp | | | 26,763 | | | | 728,489 | |
| StepStone Group, Cl A | | | 33,864 | | | | 2,036,242 | |
| Sterling Bancorp * | | | 11,586 | | | | 54,107 | |
| Stewart Information Services | | | 14,731 | | | | 1,013,493 | |
| Stock Yards Bancorp | | | 13,954 | | | | 899,754 | |
| StoneX Group * | | | 14,916 | | | | 1,343,037 | |
| Sunrise Realty Trust † | | | 3,029 | | | | 41,558 | |
| SWK Holdings * | | | 1,845 | | | | 30,276 | |
| Terawulf * | | | 126,026 | | | | 821,690 | |
| Texas Capital Bancshares * | | | 25,263 | | | | 1,943,988 | |
| Third Coast Bancshares * | | | 6,166 | | | | 200,827 | |
| Timberland Bancorp | | | 4,172 | | | | 120,487 | |
| Tiptree | | | 13,759 | | | | 280,821 | |
| Tompkins Financial | | | 6,960 | | | | 449,198 | |
| Towne Bank | | | 38,287 | | | | 1,245,093 | |
| TPG RE Finance Trust † | | | 31,817 | | | | 280,308 | |
| TriCo Bancshares | | | 17,433 | | | | 744,912 | |
| Triumph Financial * | | | 12,051 | | | | 1,064,947 | |
| Trupanion * | | | 17,940 | | | | 982,753 | |
| TrustCo Bank NY | | | 10,158 | | | | 335,011 | |
| Trustmark | | | 33,142 | | | | 1,150,690 | |
| Two Harbors Investment † | | | 56,568 | | | | 650,532 | |
| UMB Financial | | | 24,398 | | | | 2,677,193 | |
| United Bankshares | | | 72,034 | | | | 2,714,241 | |
| United Community Banks | | | 65,165 | | | | 1,854,596 | |
| United Fire Group | | | 11,424 | | | | 224,367 | |
| Unity Bancorp | | | 3,978 | | | | 153,869 | |
| Universal Insurance Holdings | | | 13,041 | | | | 260,038 | |
| Univest Financial | | | 15,782 | | | | 439,213 | |
| Upstart Holdings * | | | 41,966 | | | | 2,042,905 | |
| USCB Financial Holdings | | | 5,721 | | | | 83,069 | |
The accompanying notes are an integral part of the financial statements.
166
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| Valley National Bancorp | | | 234,968 | | | $ | 2,225,147 | |
| Value Line | | | 463 | | | | 22,386 | |
| Velocity Financial * | | | 4,920 | | | | 94,513 | |
| Veritex Holdings | | | 28,612 | | | | 772,524 | |
| Victory Capital Holdings, Cl A | | | 22,412 | | | | 1,343,151 | |
| Virginia National Bankshares | | | 2,495 | | | | 98,977 | |
| Virtus Investment Partners | | | 3,681 | | | | 796,458 | |
| WaFd | | | 36,372 | | | | 1,235,921 | |
| Walker & Dunlop | | | 17,512 | | | | 1,915,287 | |
| Washington Trust Bancorp | | | 9,276 | | | | 316,590 | |
| Waterstone Financial | | | 8,930 | | | | 131,628 | |
| WesBanco | | | 31,351 | | | | 985,989 | |
| West BanCorp | | | 8,930 | | | | 192,620 | |
| Westamerica BanCorp | | | 13,995 | | | | 721,022 | |
| WisdomTree | | | 76,018 | | | | 786,786 | |
| World Acceptance * | | | 1,882 | | | | 214,736 | |
| WSFS Financial | | | 32,218 | | | | 1,584,159 | |
| | | | | | | | 260,181,389 | |
| Health Care — 17.2% | | | | | | | | |
| 2seventy bio * | | | 26,713 | | | | 115,934 | |
| 4D Molecular Therapeutics * | | | 27,266 | | | | 218,401 | |
| 89bio * | | | 45,609 | | | | 354,838 | |
| 908 Devices * | | | 12,661 | | | | 39,692 | |
| Absci * | | | 43,616 | | | | 167,485 | |
| ACADIA Pharmaceuticals * | | | 65,193 | | | | 951,166 | |
| Accolade * | | | 40,686 | | | | 128,975 | |
| Accuray * | | | 52,112 | | | | 90,154 | |
| ACELYRIN * | | | 39,892 | | | | 226,587 | |
| Achieve Life Sciences * | | | 18,809 | | | | 88,026 | |
| Acrivon Therapeutics * | | | 6,439 | | | | 51,512 | |
| Actinium Pharmaceuticals * | | | 16,233 | | | | 29,219 | |
| Acumen Pharmaceuticals * | | | 22,903 | | | | 65,961 | |
| AdaptHealth, Cl A * | | | 55,668 | | | | 572,824 | |
| Adaptive Biotechnologies * | | | 62,987 | | | | 304,857 | |
| Addus HomeCare * | | | 9,472 | | | | 1,178,506 | |
| ADMA Biologics * | | | 122,690 | | | | 2,001,074 | |
| Adverum Biotechnologies * | | | 11,484 | | | | 83,776 | |
| Aerovate Therapeutics * | | | 7,406 | | | | 18,145 | |
The accompanying notes are an integral part of the financial statements.
167
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| Agenus * (A) | | | 10,875 | | | $ | 45,675 | |
| agilon health * | | | 168,668 | | | | 430,103 | |
| Agios Pharmaceuticals * | | | 30,810 | | | | 1,368,888 | |
| AirSculpt Technologies * | | | 7,144 | | | | 40,649 | |
| Akebia Therapeutics * | | | 113,604 | | | | 188,583 | |
| Akero Therapeutics * | | | 36,934 | | | | 1,138,675 | |
| Akoya Biosciences * (A) | | | 14,850 | | | | 41,803 | |
| Aldeyra Therapeutics * | | | 26,949 | | | | 141,752 | |
| Alector * | | | 44,149 | | | | 217,213 | |
| Alignment Healthcare * | | | 54,545 | | | | 676,358 | |
| Alkermes * | | | 89,286 | | | | 2,294,650 | |
| Allogene Therapeutics * | | | 69,894 | | | | 178,579 | |
| Alphatec Holdings * | | | 56,037 | | | | 439,890 | |
| Altimmune * (A) | | | 38,803 | | | | 261,532 | |
| Alto Neuroscience * | | | 11,623 | | | | 45,213 | |
| Alumis * | | | 7,224 | | | | 81,776 | |
| ALX Oncology Holdings * | | | 17,989 | | | | 25,724 | |
| Amicus Therapeutics * | | | 159,852 | | | | 1,825,510 | |
| AMN Healthcare Services * | | | 20,664 | | | | 783,992 | |
| Amneal Pharmaceuticals * | | | 86,687 | | | | 734,239 | |
| Amphastar Pharmaceuticals * | | | 20,980 | | | | 1,060,119 | |
| AnaptysBio * | | | 10,740 | | | | 232,306 | |
| Anavex Life Sciences * | | | 39,784 | | | | 263,370 | |
| AngioDynamics * | | | 20,903 | | | | 139,841 | |
| ANI Pharmaceuticals * | | | 10,111 | | | | 578,804 | |
| Anika Therapeutics * | | | 7,179 | | | | 122,833 | |
| Annexon * | | | 52,100 | | | | 381,372 | |
| Apogee Therapeutics * | | | 20,660 | | | | 1,075,146 | |
| Applied Therapeutics * | | | 52,504 | | | | 464,135 | |
| Aquestive Therapeutics * | | | 40,561 | | | | 222,680 | |
| Arbutus Biopharma * | | | 78,095 | | | | 300,275 | |
| Arcellx * | | | 23,467 | | | | 1,977,564 | |
| Arcturus Therapeutics Holdings * | | | 12,578 | | | | 223,008 | |
| Arcus Biosciences * | | | 29,715 | | | | 454,640 | |
| Arcutis Biotherapeutics * | | | 57,261 | | | | 475,839 | |
| Ardelyx * | | | 125,572 | | | | 737,108 | |
| Ardent Health Partners * (A) | | | 6,586 | | | | 114,596 | |
| ArriVent Biopharma * (A) | | | 15,339 | | | | 450,046 | |
| Arrowhead Pharmaceuticals * | | | 65,029 | | | | 1,250,508 | |
The accompanying notes are an integral part of the financial statements.
168
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| ARS Pharmaceuticals * | | | 26,905 | | | $ | 396,042 | |
| Artiva Biotherapeutics * (A) | | | 7,619 | | | | 77,257 | |
| Artivion * | | | 21,624 | | | | 569,360 | |
| Arvinas * | | | 34,993 | | | | 924,865 | |
| Astrana Health * | | | 23,478 | | | | 1,262,647 | |
| Astria Therapeutics * | | | 24,526 | | | | 274,201 | |
| Atea Pharmaceuticals * | | | 42,042 | | | | 136,216 | |
| Atossa Therapeutics * | | | 69,074 | | | | 95,322 | |
| AtriCure * | | | 25,783 | | | | 855,480 | |
| Aura Biosciences * | | | 25,308 | | | | 264,216 | |
| Avadel Pharmaceuticals * | | | 50,472 | | | | 780,802 | |
| Avanos Medical * | | | 24,813 | | | | 463,507 | |
| Aveanna Healthcare Holdings * | | | 28,735 | | | | 133,618 | |
| Avid Bioservices * | | | 33,988 | | | | 338,521 | |
| Avidity Biosciences * | | | 58,862 | | | | 2,487,508 | |
| Avita Medical * | | | 13,918 | | | | 140,572 | |
| Axogen * | | | 23,090 | | | | 323,260 | |
| Axonics * | | | 27,735 | | | | 1,949,771 | |
| Axsome Therapeutics * | | | 19,839 | | | | 1,766,266 | |
| Beam Therapeutics * | | | 41,652 | | | | 912,595 | |
| BioCryst Pharmaceuticals * | | | 112,583 | | | | 901,790 | |
| Biohaven * | | | 40,910 | | | | 2,035,682 | |
| BioLife Solutions * | | | 19,365 | | | | 453,141 | |
| Biomea Fusion * | | | 15,073 | | | | 141,234 | |
| Biote, Cl A * | | | 14,701 | | | | 74,975 | |
| Bioventus, Cl A * | | | 20,502 | | | | 278,212 | |
| Black Diamond Therapeutics * | | | 20,232 | | | | 55,436 | |
| Bluebird Bio * | | | 107,476 | | | | 49,869 | |
| Blueprint Medicines * | | | 34,256 | | | | 2,997,743 | |
| Boundless Bio * | | | 3,665 | | | | 10,702 | |
| Bridgebio Pharma * | | | 76,578 | | | | 1,792,691 | |
| BrightSpring Health Services * | | | 29,481 | | | | 441,331 | |
| Brookdale Senior Living * | | | 104,278 | | | | 653,823 | |
| C4 Therapeutics * | | | 32,022 | | | | 170,677 | |
| Cabaletta Bio * | | | 23,447 | | | | 83,237 | |
| Candel Therapeutics * | | | 10,769 | | | | 56,860 | |
| Capricor Therapeutics * | | | 14,076 | | | | 282,928 | |
| Cardiff Oncology * | | | 21,730 | | | | 67,798 | |
| CareDx * | | | 27,311 | | | | 604,392 | |
The accompanying notes are an integral part of the financial statements.
169
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| Cargo Therapeutics * (A) | | | 18,698 | | | $ | 364,611 | |
| Caribou Biosciences * | | | 46,595 | | | | 91,326 | |
| Cartesian Therapeutics * (A) | | | 3,981 | | | | 78,824 | |
| Cassava Sciences * (A) | | | 22,202 | | | | 572,923 | |
| Castle Biosciences * | | | 14,114 | | | | 489,332 | |
| Catalyst Pharmaceuticals * | | | 60,890 | | | | 1,327,402 | |
| Celcuity * | | | 14,669 | | | | 227,370 | |
| Celldex Therapeutics * | | | 35,191 | | | | 917,077 | |
| Century Therapeutics * | | | 25,017 | | | | 28,770 | |
| Cerus * | | | 98,866 | | | | 155,220 | |
| CervoMed * (A) | | | 2,990 | | | | 40,814 | |
| CG oncology * | | | 25,840 | | | | 918,095 | |
| ChromaDex * | | | 26,735 | | | | 93,305 | |
| Cibus, Cl A * (A) | | | 8,269 | | | | 32,993 | |
| Codexis * | | | 38,038 | | | | 119,439 | |
| Cogent Biosciences * | | | 50,035 | | | | 574,902 | |
| Coherus Biosciences * | | | 59,415 | | | | 44,264 | |
| Collegium Pharmaceutical * | | | 17,572 | | | | 599,908 | |
| Community Health Systems * | | | 68,331 | | | | 276,741 | |
| Compass Therapeutics * | | | 55,694 | | | | 91,338 | |
| Concentra Group Holdings Parent * | | | 12,375 | | | | 250,841 | |
| Conduit Pharmaceuticals * | | | 8,478 | | | | 772 | |
| CONMED | | | 16,810 | | | | 1,147,114 | |
| Contineum Therapeutics, Cl A * (A) | | | 3,061 | | | | 51,302 | |
| Corbus Pharmaceuticals Holdings * | | | 5,593 | | | | 89,264 | |
| Corcept Therapeutics * | | | 44,035 | | | | 2,156,394 | |
| CorMedix * | | | 29,917 | | | | 300,815 | |
| CorVel * | | | 4,825 | | | | 1,436,982 | |
| Crinetics Pharmaceuticals * | | | 47,688 | | | | 2,668,620 | |
| Cross Country Healthcare * | | | 17,489 | | | | 199,550 | |
| Cullinan Therapeutics * | | | 28,160 | | | | 437,888 | |
| CVRx * | | | 7,302 | | | | 95,802 | |
| Cytek Biosciences * | | | 66,389 | | | | 328,294 | |
| Cytokinetics * | | | 62,267 | | | | 3,175,617 | |
| Day One Biopharmaceuticals * | | | 28,442 | | | | 418,666 | |
| Definitive Healthcare, Cl A * | | | 29,192 | | | | 121,147 | |
| Denali Therapeutics * | | | 67,693 | | | | 1,757,310 | |
| Design Therapeutics * | | | 17,117 | | | | 89,693 | |
| Dianthus Therapeutics * | | | 13,094 | | | | 364,799 | |
The accompanying notes are an integral part of the financial statements.
170
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| Disc Medicine, Cl A * | | | 10,768 | | | $ | 482,622 | |
| DocGo * | | | 55,481 | | | | 194,738 | |
| Dynavax Technologies * | | | 71,917 | | | | 852,216 | |
| Dyne Therapeutics * | | | 43,963 | | | | 1,268,772 | |
| Edgewise Therapeutics * | | | 39,526 | | | | 1,326,888 | |
| Editas Medicine, Cl A * | | | 45,147 | | | | 130,926 | |
| Elevation Oncology * | | | 26,552 | | | | 15,249 | |
| Eliem Therapeutics * (A) | | | 15,984 | | | | 61,139 | |
| Embecta | | | 31,684 | | | | 446,111 | |
| Enanta Pharmaceuticals * | | | 10,875 | | | | 122,289 | |
| Enhabit * | | | 27,221 | | | | 187,553 | |
| Enliven Therapeutics * | | | 19,230 | | | | 535,556 | |
| Ensign Group | | | 30,238 | | | | 4,686,588 | |
| Entrada Therapeutics * | | | 13,503 | | | | 231,441 | |
| Erasca * | | | 96,617 | | | | 250,238 | |
| Esperion Therapeutics * | | | 103,767 | | | | 211,685 | |
| Evolent Health, Cl A * | | | 62,868 | | | | 1,467,968 | |
| Evolus * | | | 30,213 | | | | 493,076 | |
| EyePoint Pharmaceuticals * | | | 27,301 | | | | 321,060 | |
| Fate Therapeutics * | | | 54,558 | | | | 129,302 | |
| Fibrobiologics * (A) | | | 13,844 | | | | 41,809 | |
| Foghorn Therapeutics * | | | 13,800 | | | | 105,156 | |
| Fractyl Health * (A) | | | 18,556 | | | | 52,235 | |
| Fulcrum Therapeutics * | | | 33,921 | | | | 107,190 | |
| Fulgent Genetics * | | | 11,099 | | | | 238,074 | |
| Galectin Therapeutics * | | | 11,117 | | | | 27,459 | |
| GeneDx Holdings, Cl A * | | | 6,824 | | | | 557,453 | |
| Generation Bio * | | | 27,365 | | | | 59,656 | |
| Geron * | | | 317,036 | | | | 1,303,018 | |
| Glaukos * | | | 26,659 | | | | 3,525,653 | |
| Greenwich Lifesciences * (A) | | | 3,314 | | | | 44,573 | |
| Guardant Health * | | | 64,314 | | | | 1,407,190 | |
| Gyre Therapeutics * (A) | | | 3,845 | | | | 54,984 | |
| Haemonetics * | | | 27,344 | | | | 1,945,799 | |
| Halozyme Therapeutics * | | | 67,958 | | | | 3,436,636 | |
| Harmony Biosciences Holdings * | | | 16,488 | | | | 529,759 | |
| Harrow * | | | 16,640 | | | | 749,798 | |
| Harvard Bioscience * | | | 23,218 | | | | 54,562 | |
| Health Catalyst * | | | 31,827 | | | | 247,296 | |
The accompanying notes are an integral part of the financial statements.
171
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| HealthEquity * | | | 46,119 | | | $ | 3,931,645 | |
| HealthStream | | | 13,287 | | | | 388,445 | |
| Heron Therapeutics * | | | 64,056 | | | | 111,457 | |
| HilleVax * | | | 17,640 | | | | 31,928 | |
| Hims & Hers Health * | | | 103,373 | | | | 1,946,514 | |
| Humacyte * (A) | | | 48,001 | | | | 242,405 | |
| ICU Medical * | | | 11,670 | | | | 1,992,419 | |
| Ideaya Biosciences * | | | 45,272 | | | | 1,274,407 | |
| IGM Biosciences * (A) | | | 8,286 | | | | 142,022 | |
| ImmunityBio * (A) | | | 77,252 | | | | 402,483 | |
| Immunome * | | | 28,166 | | | | 323,064 | |
| Immunovant * | | | 31,616 | | | | 925,084 | |
| Inari Medical * | | | 28,841 | | | | 1,395,904 | |
| InfuSystem Holdings * | | | 10,716 | | | | 66,332 | |
| Inhibrx Biosciences * | | | 5,967 | | | | 95,651 | |
| Inmode * | | | 43,316 | | | | 739,837 | |
| Inmune Bio * | | | 6,777 | | | | 39,645 | |
| Innovage Holding * | | | 10,716 | | | | 62,153 | |
| Innoviva * | | | 30,184 | | | | 590,399 | |
| Inogen * | | | 13,017 | | | | 113,638 | |
| Inovio Pharmaceuticals * | | | 13,886 | | | | 73,318 | |
| Inozyme Pharma * | | | 28,228 | | | | 121,098 | |
| Insmed * | | | 85,619 | | | | 5,760,446 | |
| Integer Holdings * | | | 18,164 | | | | 2,256,877 | |
| Integra LifeSciences Holdings * | | | 36,853 | | | | 691,362 | |
| Intellia Therapeutics * | | | 52,506 | | | | 746,635 | |
| Invivyd * | | | 44,097 | | | | 39,357 | |
| Iovance Biotherapeutics * | | | 137,953 | | | | 1,440,229 | |
| iRadimed | | | 4,349 | | | | 214,275 | |
| iRhythm Technologies * | | | 17,040 | | | | 1,234,378 | |
| Ironwood Pharmaceuticals, Cl A * | | | 77,275 | | | | 305,236 | |
| iTeos Therapeutics * | | | 14,233 | | | | 120,269 | |
| Janux Therapeutics * | | | 15,276 | | | | 824,751 | |
| Jasper Therapeutics * | | | 6,180 | | | | 130,892 | |
| Joint * | | | 5,898 | | | | 65,173 | |
| KalVista Pharmaceuticals * | | | 20,760 | | | | 213,205 | |
| Keros Therapeutics * | | | 16,049 | | | | 931,484 | |
| Kiniksa Pharmaceuticals International, Cl A * | | | 20,365 | | | | 460,045 | |
| Kodiak Sciences * | | | 18,019 | | | | 68,472 | |
The accompanying notes are an integral part of the financial statements.
172
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| Korro Bio * (A) | | | 3,334 | | | $ | 191,705 | |
| Krystal Biotech * | | | 13,514 | | | | 2,331,570 | |
| Kura Oncology * | | | 39,610 | | | | 662,279 | |
| Kymera Therapeutics * | | | 24,260 | | | | 1,120,084 | |
| Kyverna Therapeutics * | | | 9,258 | | | | 44,253 | |
| Lantheus Holdings * | | | 37,518 | | | | 4,120,977 | |
| Larimar Therapeutics * (A) | | | 22,941 | | | | 188,690 | |
| LeMaitre Vascular | | | 11,029 | | | | 974,853 | |
| LENZ Therapeutics | | | 6,877 | | | | 185,404 | |
| Lexeo Therapeutics * | | | 12,805 | | | | 101,160 | |
| Lexicon Pharmaceuticals *(C) | | | 62,662 | | | | 122,191 | |
| LifeMD * | | | 19,068 | | | | 77,797 | |
| LifeStance Health Group * | | | 75,988 | | | | 509,879 | |
| Ligand Pharmaceuticals * | | | 9,249 | | | | 977,619 | |
| Lineage Cell Therapeutics * | | | 80,677 | | | | 67,067 | |
| Liquidia * | | | 31,414 | | | | 340,842 | |
| LivaNova * | | | 29,701 | | | | 1,533,166 | |
| Longboard Pharmaceuticals * | | | 17,624 | | | | 1,052,505 | |
| Lyell Immunopharma * | | | 87,840 | | | | 84,353 | |
| Lyra Therapeutics * | | | 26,426 | | | | 7,265 | |
| MacroGenics * | | | 34,093 | | | | 124,780 | |
| Madrigal Pharmaceuticals * | | | 9,542 | | | | 2,474,622 | |
| MannKind * | | | 144,473 | | | | 1,021,424 | |
| Maravai LifeSciences Holdings, Cl A * | | | 60,315 | | | | 446,934 | |
| MaxCyte * | | | 57,073 | | | | 204,321 | |
| MeiraGTx Holdings * | | | 21,161 | | | | 117,232 | |
| Merit Medical Systems * | | | 31,135 | | | | 3,071,779 | |
| Mersana Therapeutics * | | | 62,828 | | | | 113,719 | |
| Mesa Laboratories | | | 2,811 | | | | 320,566 | |
| Metagenomi * | | | 3,447 | | | | 6,791 | |
| MiMedx Group * | | | 64,773 | | | | 443,695 | |
| Mind Medicine MindMed * | | | 39,324 | | | | 247,741 | |
| Mineralys Therapeutics * | | | 15,627 | | | | 209,089 | |
| Mirum Pharmaceuticals * | | | 21,357 | | | | 821,390 | |
| ModivCare * | | | 6,047 | | | | 97,780 | |
| Monte Rosa Therapeutics * | | | 22,513 | | | | 191,361 | |
| Myriad Genetics * | | | 48,720 | | | | 1,069,891 | |
| National HealthCare | | | 6,807 | | | | 789,816 | |
| National Research | | | 8,357 | | | | 151,512 | |
The accompanying notes are an integral part of the financial statements.
173
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| Nautilus Biotechnology, Cl A * | | | 26,534 | | | $ | 68,988 | |
| Nektar Therapeutics, Cl A * | | | 97,490 | | | | 116,013 | |
| Neogen * | | | 118,862 | | | | 1,697,349 | |
| NeoGenomics * | | | 69,492 | | | | 944,396 | |
| Neumora Therapeutics * | | | 45,987 | | | | 526,551 | |
| Neurogene * | | | 5,672 | | | | 249,625 | |
| NeuroPace * | | | 7,456 | | | | 48,091 | |
| Nevro * | | | 19,805 | | | | 109,126 | |
| Nkarta * | | | 28,951 | | | | 89,169 | |
| Novavax * (A) | | | 76,952 | | | | 739,509 | |
| Novocure * | | | 57,998 | | | | 880,410 | |
| Nurix Therapeutics * | | | 34,766 | | | | 854,548 | |
| Nuvalent, Cl A * | | | 18,874 | | | | 1,670,160 | |
| Nuvation Bio * | | | 97,774 | | | | 216,081 | |
| Ocugen * (A) | | | 140,557 | | | | 128,047 | |
| Ocular Therapeutix * | | | 84,768 | | | | 892,607 | |
| Olema Pharmaceuticals * | | | 21,826 | | | | 251,654 | |
| Omeros * | | | 30,577 | | | | 123,531 | |
| OmniAb, Cl W * | | | 50,277 | | | | 205,633 | |
| Omnicell * | | | 24,852 | | | | 1,208,801 | |
| OPKO Health * (A) | | | 177,871 | | | | 268,585 | |
| OptimizeRx * | | | 9,688 | | | | 50,571 | |
| Option Care Health * | | | 93,471 | | | | 2,153,572 | |
| OraSure Technologies * | | | 39,348 | | | | 159,950 | |
| Orchestra BioMed Holdings * | | | 12,624 | | | | 65,014 | |
| Organogenesis Holdings, Cl A * | | | 39,665 | | | | 109,872 | |
| ORIC Pharmaceuticals * | | | 33,663 | | | | 315,759 | |
| Orthofix Medical * | | | 18,424 | | | | 298,285 | |
| OrthoPediatrics * | | | 8,930 | | | | 236,913 | |
| Outlook Therapeutics * (A) | | | 8,246 | | | | 47,497 | |
| Ovid therapeutics * | | | 33,934 | | | | 38,345 | |
| Owens & Minor * | | | 41,068 | | | | 521,974 | |
| Pacific Biosciences of California * | | | 149,541 | | | | 324,504 | |
| Pacira BioSciences * | | | 24,593 | | | | 408,244 | |
| PACS Group * | | | 21,505 | | | | 917,833 | |
| Paragon 28 * | | | 25,879 | | | | 137,159 | |
| Patterson | | | 42,899 | | | | 901,308 | |
| Pediatrix Medical Group * | | | 45,985 | | | | 566,535 | |
| Pennant Group * | | | 15,575 | | | | 497,933 | |
The accompanying notes are an integral part of the financial statements.
174
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| PepGen * | | | 8,479 | | | $ | 56,131 | |
| Perspective Therapeutics * | | | 29,419 | | | | 347,438 | |
| Phathom Pharmaceuticals * (A) | | | 18,653 | | | | 319,899 | |
| Phibro Animal Health, Cl A | | | 11,203 | | | | 259,013 | |
| Phreesia * | | | 30,144 | | | | 551,334 | |
| Pliant Therapeutics * | | | 31,138 | | | | 438,112 | |
| Poseida Therapeutics, Cl A * | | | 37,665 | | | | 89,266 | |
| Praxis Precision Medicines * | | | 9,391 | | | | 657,276 | |
| Precigen * | | | 68,968 | | | | 54,361 | |
| Prelude Therapeutics * | | | 7,239 | | | | 8,687 | |
| Prestige Consumer Healthcare * | | | 26,988 | | | | 1,990,365 | |
| Prime Medicine * (A) | | | 30,983 | | | | 120,214 | |
| Privia Health Group * | | | 55,588 | | | | 1,020,596 | |
| PROCEPT BioRobotics * | | | 23,045 | | | | 2,074,050 | |
| Progyny * | | | 45,996 | | | | 692,240 | |
| ProKidney, Cl A * (A) | | | 56,541 | | | | 90,466 | |
| Protagonist Therapeutics * | | | 31,815 | | | | 1,458,400 | |
| PTC Therapeutics * | | | 41,479 | | | | 1,655,842 | |
| Pulmonx * | | | 20,654 | | | | 129,088 | |
| Pulse Biosciences * (A) | | | 10,007 | | | | 174,422 | |
| Puma Biotechnology * | | | 22,606 | | | | 64,427 | |
| Pyxis Oncology * | | | 26,667 | | | | 94,935 | |
| Q32 Bio * (A) | | | 3,295 | | | | 155,623 | |
| Quanterix * | | | 19,805 | | | | 261,723 | |
| Quantum-Si * | | | 57,311 | | | | 40,175 | |
| Quipt Home Medical * | | | 23,218 | | | | 60,831 | |
| RadNet * | | | 36,022 | | | | 2,342,871 | |
| Rapport Therapeutics * (A) | | | 5,053 | | | | 123,950 | |
| RAPT Therapeutics * | | | 16,233 | | | | 34,414 | |
| Recursion Pharmaceuticals, Cl A * (A) | | | 129,901 | | | | 820,974 | |
| REGENXBIO * | | | 25,109 | | | | 215,686 | |
| Regulus Therapeutics * | | | 34,986 | | | | 51,080 | |
| Relay Therapeutics * | | | 54,478 | | | | 306,984 | |
| Renovaro * (A) | | | 23,499 | | | | 12,504 | |
| Replimune Group, Cl Rights * | | | 33,142 | | | | 389,750 | |
| Revance Therapeutics * | | | 56,773 | | | | 334,961 | |
| REVOLUTION Medicines * | | | 83,008 | | | | 4,440,928 | |
| Rhythm Pharmaceuticals * | | | 29,816 | | | | 1,423,118 | |
| Rigel Pharmaceuticals * | | | 9,576 | | | | 130,521 | |
The accompanying notes are an integral part of the financial statements.
175
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| Rocket Pharmaceuticals * | | | 35,839 | | | $ | 596,719 | |
| RxSight * | | | 19,532 | | | | 989,491 | |
| Sage Therapeutics * | | | 29,531 | | | | 179,548 | |
| Sana Biotechnology * | | | 72,275 | | | | 252,963 | |
| Sanara Medtech * | | | 2,220 | | | | 73,260 | |
| Savara * | | | 62,873 | | | | 228,543 | |
| Scholar Rock Holding * | | | 37,393 | | | | 1,063,457 | |
| Schrodinger * | | | 30,297 | | | | 533,076 | |
| scPharmaceuticals * | | | 16,074 | | | | 66,707 | |
| Select Medical Holdings | | | 58,980 | | | | 1,892,078 | |
| Semler Scientific * (A) | | | 2,538 | | | | 74,566 | |
| Sera Prognostics, Cl A * (A) | | | 15,074 | | | | 115,919 | |
| Shattuck Labs * | | | 21,605 | | | | 27,222 | |
| SI-BONE * | | | 22,281 | | | | 307,478 | |
| SIGA Technologies | | | 25,163 | | | | 181,677 | |
| Sight Sciences * | | | 19,209 | | | | 96,045 | |
| Simulations Plus | | | 8,683 | | | | 236,351 | |
| Skye Bioscience * (A) | | | 9,406 | | | | 49,287 | |
| Soleno Therapeutics * | | | 12,599 | | | | 693,701 | |
| Solid Biosciences * | | | 12,315 | | | | 67,979 | |
| Sonida Senior Living * | | | 1,868 | | | | 49,147 | |
| SpringWorks Therapeutics * | | | 37,469 | | | | 1,128,941 | |
| Spyre Therapeutics * | | | 18,863 | | | | 613,613 | |
| STAAR Surgical * | | | 26,951 | | | | 781,310 | |
| Standard BioTools * | | | 160,705 | | | | 314,982 | |
| Stereotaxis * | | | 29,933 | | | | 58,669 | |
| Stoke Therapeutics * | | | 19,350 | | | | 239,166 | |
| Summit Therapeutics * (A) | | | 47,683 | | | | 886,427 | |
| Supernus Pharmaceuticals * | | | 27,352 | | | | 931,883 | |
| Surgery Partners * | | | 41,838 | | | | 1,204,934 | |
| Surmodics * | | | 7,591 | | | | 284,814 | |
| Sutro Biopharma * | | | 44,610 | | | | 144,983 | |
| Syndax Pharmaceuticals * | | | 44,762 | | | | 844,211 | |
| Tactile Systems Technology * | | | 12,988 | | | | 188,456 | |
| Talkspace * | | | 67,659 | | | | 211,773 | |
| Tandem Diabetes Care * | | | 35,285 | | | | 1,106,890 | |
| Tango Therapeutics * | | | 26,116 | | | | 141,940 | |
| Tarsus Pharmaceuticals * | | | 20,106 | | | | 894,516 | |
| Taysha Gene Therapies * | | | 91,187 | | | | 154,106 | |
The accompanying notes are an integral part of the financial statements.
176
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| Teladoc Health * | | | 92,741 | | | $ | 834,669 | |
| Telomir Pharmaceuticals * | | | 2,804 | | | | 11,384 | |
| Tenaya Therapeutics * | | | 30,148 | | | | 57,884 | |
| Terns Pharmaceuticals * | | | 31,371 | | | | 215,205 | |
| Tevogen Bio Holdings * (A) | | | 12,980 | | | | 32,839 | |
| TG Therapeutics * | | | 76,029 | | | | 1,905,287 | |
| Theravance Biopharma * | | | 20,054 | | | | 165,245 | |
| Third Harmonic Bio * | | | 10,716 | | | | 147,774 | |
| Tourmaline Bio * (A) | | | 12,351 | | | | 315,198 | |
| TransMedics Group * | | | 17,490 | | | | 1,433,655 | |
| Travere Therapeutics * | | | 40,273 | | | | 704,778 | |
| Treace Medical Concepts * | | | 26,657 | | | | 124,222 | |
| Trevi Therapeutics * | | | 32,045 | | | | 94,373 | |
| TScan Therapeutics * | | | 21,171 | | | | 96,116 | |
| Twist Bioscience * | | | 31,323 | | | | 1,264,196 | |
| Tyra Biosciences * | | | 11,053 | | | | 184,364 | |
| UFP Technologies * | | | 3,953 | | | | 1,055,451 | |
| UroGen Pharma * (A) | | | 20,602 | | | | 252,581 | |
| US Physical Therapy | | | 8,150 | | | | 653,467 | |
| Utah Medical Products | | | 1,866 | | | | 118,267 | |
| Vanda Pharmaceuticals * | | | 31,030 | | | | 144,290 | |
| Varex Imaging * | | | 21,104 | | | | 277,096 | |
| Vaxcyte * | | | 65,053 | | | | 6,918,387 | |
| Ventyx Biosciences * | | | 33,198 | | | | 71,708 | |
| Vera Therapeutics, Cl A * | | | 21,213 | | | | 856,581 | |
| Veracyte * | | | 41,863 | | | | 1,412,458 | |
| Verastem * | | | 19,269 | | | | 72,451 | |
| Vericel * | | | 26,386 | | | | 1,162,039 | |
| Verrica Pharmaceuticals * (A) | | | 10,352 | | | | 14,493 | |
| Verve Therapeutics * | | | 38,833 | | | | 222,513 | |
| Viemed Healthcare * | | | 18,691 | | | | 159,808 | |
| Vir Biotechnology * | | | 48,857 | | | | 365,939 | |
| Viridian Therapeutics * | | | 34,091 | | | | 735,343 | |
| Voyager Therapeutics * | | | 25,087 | | | | 171,344 | |
| WaVe Life Sciences * | | | 42,285 | | | | 579,727 | |
| Waystar Holding * | | | 23,475 | | | | 669,742 | |
| Werewolf Therapeutics * | | | 17,031 | | | | 43,514 | |
| X4 Pharmaceuticals * | | | 91,826 | | | | 45,931 | |
| XBiotech * | | | 10,106 | | | | 73,370 | |
The accompanying notes are an integral part of the financial statements.
177
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| Xencor * | | | 32,375 | | | $ | 680,199 | |
| Xeris Biopharma Holdings * | | | 76,573 | | | | 246,565 | |
| XOMA Royalty * | | | 4,344 | | | | 131,189 | |
| Y-mAbs Therapeutics * | | | 20,177 | | | | 292,768 | |
| Zentalis Pharmaceuticals * | | | 31,110 | | | | 84,930 | |
| Zevra Therapeutics * | | | 22,960 | | | | 187,124 | |
| Zimvie * | | | 14,765 | | | | 203,240 | |
| Zymeworks * | | | 30,521 | | | | 418,138 | |
| Zynex * (A) | | | 8,344 | | | | 72,009 | |
| | | | | | | | 247,066,426 | |
| Industrials — 17.4% | | | | | | | | |
| 374Water * | | | 34,252 | | | | 53,433 | |
| 3D Systems * | | | 69,686 | | | | 209,058 | |
| AAR * | | | 18,788 | | | | 1,102,856 | |
| ABM Industries | | | 34,424 | | | | 1,826,537 | |
| ACCO Brands | | | 51,154 | | | | 250,655 | |
| ACV Auctions, Cl A * | | | 80,622 | | | | 1,393,954 | |
| Advanced Energy Industries | | | 20,392 | | | | 2,213,144 | |
| AeroVironment * | | | 14,235 | | | | 3,059,956 | |
| AerSale * | | | 18,346 | | | | 96,683 | |
| Air Transport Services Group * | | | 28,009 | | | | 482,875 | |
| Alamo Group | | | 5,583 | | | | 946,542 | |
| Albany International, Cl A | | | 17,012 | | | | 1,155,455 | |
| Alight, Cl A * | | | 231,068 | | | | 1,601,301 | |
| Allegiant Travel | | | 8,476 | | | | 551,025 | |
| Allient | | | 7,926 | | | | 137,041 | |
| Alta Equipment Group | | | 14,598 | | | | 94,887 | |
| Ameresco, Cl A * | | | 17,546 | | | | 539,890 | |
| American Superconductor * | | | 19,044 | | | | 466,959 | |
| American Woodmark * | | | 8,496 | | | | 770,672 | |
| AMMO * | | | 50,167 | | | | 54,180 | |
| Amprius Technologies * | | | 8,324 | | | | 11,237 | |
| Apogee Enterprises | | | 11,914 | | | | 891,644 | |
| Applied Industrial Technologies | | | 20,958 | | | | 4,853,663 | |
| ArcBest | | | 12,809 | | | | 1,334,442 | |
| Archer Aviation, Cl A * (A) | | | 127,491 | | | | 401,597 | |
| Arcosa | | | 26,436 | | | | 2,475,467 | |
| Argan | | | 6,751 | | | | 891,402 | |
The accompanying notes are an integral part of the financial statements.
178
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| Aris Water Solutions, Cl A | | | 14,617 | | | $ | 241,180 | |
| Array Technologies * | | | 83,472 | | | | 545,072 | |
| Astec Industries | | | 12,502 | | | | 397,314 | |
| Astronics * | | | 15,666 | | | | 272,432 | |
| Asure Software * | | | 12,952 | | | | 128,484 | |
| Atkore | | | 20,006 | | | | 1,715,715 | |
| Atmus Filtration Technologies | | | 45,653 | | | | 1,777,728 | |
| AZZ | | | 15,972 | | | | 1,216,747 | |
| Barnes Group | | | 25,307 | | | | 1,183,355 | |
| Barrett Business Services | | | 14,013 | | | | 507,130 | |
| Beacon Roofing Supply * | | | 34,698 | | | | 3,194,645 | |
| BlackSky Technology, Cl A * | | | 7,292 | | | | 46,085 | |
| Blade Air Mobility * | | | 30,887 | | | | 111,039 | |
| Blink Charging * (A) | | | 52,577 | | | | 104,102 | |
| Bloom Energy, Cl A * | | | 108,362 | | | | 1,040,275 | |
| Blue Bird * | | | 17,540 | | | | 738,609 | |
| BlueLinx Holdings * | | | 4,515 | | | | 494,212 | |
| Boise Cascade | | | 21,575 | | | | 2,870,122 | |
| Bowman Consulting Group, Cl A * | | | 7,322 | | | | 148,637 | |
| Bridger Aerospace Group Holdings * (A) | | | 5,123 | | | | 17,316 | |
| BrightView Holdings * | | | 31,664 | | | | 518,656 | |
| Brink’s | | | 24,478 | | | | 2,516,094 | |
| Byrna Technologies * | | | 9,519 | | | | 137,169 | |
| Cadre Holdings | | | 14,181 | | | | 493,073 | |
| Caesarstone * | | | 11,300 | | | | 45,539 | |
| Casella Waste Systems, Cl A * | | | 33,635 | | | | 3,292,194 | |
| CBIZ * | | | 26,087 | | | | 1,798,177 | |
| CECO Environmental * | | | 15,981 | | | | 380,348 | |
| Centuri Holdings * (A) | | | 7,539 | | | | 141,507 | |
| ChargePoint Holdings * (A) | | | 212,186 | | | | 254,623 | |
| Chart Industries * | | | 23,418 | | | | 2,827,021 | |
| Columbus McKinnon | | | 15,301 | | | | 486,725 | |
| Commercial Vehicle Group * | | | 18,019 | | | | 52,435 | |
| CompX International | | | 887 | | | | 25,005 | |
| Concrete Pumping Holdings * | | | 13,003 | | | | 72,167 | |
| Conduent * | | | 86,172 | | | | 310,219 | |
| Construction Partners, Cl A * | | | 23,372 | | | | 1,840,078 | |
| CoreCivic * | | | 60,095 | | | | 829,912 | |
| Covenant Logistics Group, Cl A | | | 4,413 | | | | 223,298 | |
The accompanying notes are an integral part of the financial statements.
179
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| CRA International | | | 3,600 | | | $ | 655,704 | |
| CryoPort * | | | 23,880 | | | | 159,041 | |
| CSG Systems International | | | 16,106 | | | | 750,701 | |
| CSW Industrials | | | 9,029 | | | | 3,188,140 | |
| Custom Truck One Source * | | | 27,877 | | | | 114,017 | |
| Deluxe | | | 24,241 | | | | 454,761 | |
| Distribution Solutions Group * | | | 5,743 | | | | 221,105 | |
| DLH Holdings * | | | 4,702 | | | | 38,086 | |
| DNOW * | | | 57,474 | | | | 679,917 | |
| Douglas Dynamics | | | 12,345 | | | | 279,614 | |
| Driven Brands Holdings * | | | 32,228 | | | | 478,586 | |
| Ducommun * | | | 7,306 | | | | 429,520 | |
| DXP Enterprises * | | | 6,824 | | | | 334,922 | |
| Dycom Industries * | | | 15,477 | | | | 2,698,105 | |
| Eastern | | | 2,863 | | | | 89,154 | |
| Eastman Kodak * | | | 33,096 | | | | 156,213 | |
| Energizer Holdings | | | 39,196 | | | | 1,257,016 | |
| Energy Recovery * | | | 31,035 | | | | 554,285 | |
| Energy Vault Holdings * (A) | | | 55,898 | | | | 104,529 | |
| Enerpac Tool Group, Cl A | | | 29,608 | | | | 1,306,305 | |
| EnerSys | | | 21,797 | | | | 2,111,257 | |
| Ennis | | | 13,905 | | | | 283,106 | |
| Enovix * (A) | | | 83,525 | | | | 752,143 | |
| Enpro | | | 11,431 | | | | 1,664,468 | |
| Enviri * | | | 43,319 | | | | 331,824 | |
| ESCO Technologies | | | 14,106 | | | | 1,770,867 | |
| Eve Holding * (A) | | | 14,794 | | | | 45,566 | |
| EVI Industries | | | 2,817 | | | | 56,002 | |
| Evolv Technologies Holdings * | | | 71,266 | | | | 153,222 | |
| ExlService Holdings * | | | 85,636 | | | | 3,568,452 | |
| Exponent | | | 27,541 | | | | 2,599,320 | |
| Federal Signal | | | 32,760 | | | | 2,672,233 | |
| First Advantage * | | | 32,646 | | | | 591,546 | |
| FiscalNote Holdings * | | | 34,093 | | | | 31,025 | |
| Fluence Energy, Cl A * | | | 33,260 | | | | 723,405 | |
| Fluor * | | | 93,029 | | | | 4,863,556 | |
| Forrester Research * | | | 6,532 | | | | 95,824 | |
| Forward Air | | | 13,689 | | | | 483,632 | |
| Franklin Covey * | | | 6,177 | | | | 245,906 | |
The accompanying notes are an integral part of the financial statements.
180
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| Franklin Electric | | | 24,679 | | | $ | 2,362,027 | |
| Frontier Group Holdings * | | | 23,277 | | | | 141,524 | |
| FTAI Aviation | | | 55,339 | | | | 7,439,775 | |
| FTAI Infrastructure | | | 54,854 | | | | 442,672 | |
| FuelCell Energy * | | | 253,796 | | | | 87,306 | |
| GATX | | | 19,425 | | | | 2,675,988 | |
| Genco Shipping & Trading | | | 22,965 | | | | 361,469 | |
| Gencor Industries * | | | 5,623 | | | | 112,010 | |
| GEO Group * | | | 67,718 | | | | 1,027,959 | |
| Gibraltar Industries * | | | 16,660 | | | | 1,124,383 | |
| Global Industrial | | | 7,495 | | | | 198,842 | |
| GMS * | | | 21,809 | | | | 1,960,411 | |
| Gorman-Rupp | | | 11,444 | | | | 422,856 | |
| GrafTech International * | | | 141,222 | | | | 240,077 | |
| Graham * | | | 5,609 | | | | 157,164 | |
| Granite Construction | | | 23,994 | | | | 2,016,696 | |
| Great Lakes Dredge & Dock * | | | 36,134 | | | | 413,012 | |
| Greenbrier | | | 16,714 | | | | 990,639 | |
| Griffon | | | 20,487 | | | | 1,288,223 | |
| H&E Equipment Services | | | 17,605 | | | | 919,861 | |
| Healthcare Services Group * | | | 40,227 | | | | 441,290 | |
| Heartland Express | | | 25,492 | | | | 275,441 | |
| Heidrick & Struggles International | | | 11,024 | | | | 430,597 | |
| Helios Technologies | | | 18,113 | | | | 835,553 | |
| Herc Holdings | | | 15,335 | | | | 3,207,162 | |
| Hertz Global Holdings * | | | 67,017 | | | | 186,307 | |
| Hillenbrand | | | 38,259 | | | | 1,054,035 | |
| Hillman Solutions * | | | 107,058 | | | | 1,134,815 | |
| HireQuest | | | 3,010 | | | | 40,063 | |
| HNI | | | 25,608 | | | | 1,261,962 | |
| Hub Group, Cl A | | | 33,250 | | | | 1,442,717 | |
| Hudson Technologies * | | | 24,247 | | | | 185,974 | |
| Huron Consulting Group * | | | 9,555 | | | | 1,105,800 | |
| Hyliion Holdings * | | | 77,031 | | | | 184,104 | |
| Hyster-Yale | | | 6,239 | | | | 395,989 | |
| IBEX Holdings * | | | 4,910 | | | | 88,184 | |
| ICF International | | | 10,163 | | | | 1,713,380 | |
| IES Holdings * | | | 4,466 | | | | 976,558 | |
| Innodata * | | | 14,769 | | | | 297,005 | |
The accompanying notes are an integral part of the financial statements.
181
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| Insperity | | | 19,545 | | | $ | 1,539,560 | |
| Insteel Industries | | | 10,231 | | | | 275,930 | |
| Interface, Cl A | | | 31,358 | | | | 547,824 | |
| Intuitive Machines * (A) | | | 15,549 | | | | 121,282 | |
| Janus International Group * | | | 77,477 | | | | 570,231 | |
| JELD-WEN Holding * | | | 46,799 | | | | 662,674 | |
| JetBlue Airways * | | | 170,172 | | | | 969,980 | |
| Joby Aviation * (A) | | | 218,934 | | | | 1,050,883 | |
| John Bean Technologies | | | 17,313 | | | | 1,929,014 | |
| Kadant | | | 6,377 | | | | 2,123,924 | |
| Karat Packaging | | | 3,777 | | | | 100,846 | |
| Kelly Services, Cl A | | | 16,946 | | | | 338,751 | |
| Kennametal | | | 43,152 | | | | 1,092,609 | |
| Kforce | | | 10,190 | | | | 588,880 | |
| Kimball Electronics * | | | 13,391 | | | | 238,226 | |
| Korn Ferry | | | 28,287 | | | | 1,998,477 | |
| Kratos Defense & Security Solutions * | | | 80,608 | | | | 1,831,414 | |
| L B Foster, Cl A * | | | 4,998 | | | | 94,212 | |
| LanzaTech Global * (A) | | | 61,157 | | | | 103,355 | |
| Latham Group * | | | 22,193 | | | | 144,254 | |
| Legalzoom.com * | | | 75,489 | | | | 542,011 | |
| Leonardo DRS * | | | 40,106 | | | | 1,205,987 | |
| Limbach Holdings * | | | 5,563 | | | | 422,621 | |
| Lindsay | | | 5,875 | | | | 703,237 | |
| Liquidity Services * | | | 11,730 | | | | 253,133 | |
| LSI Industries | | | 15,296 | | | | 250,243 | |
| Manitowoc * | | | 18,988 | | | | 177,348 | |
| Marten Transport | | | 31,745 | | | | 491,413 | |
| Masterbrand * | | | 69,033 | | | | 1,239,833 | |
| Matrix Service * | | | 14,532 | | | | 163,194 | |
| Matson | | | 18,530 | | | | 2,870,112 | |
| Matthews International, Cl A | | | 16,233 | | | | 378,067 | |
| Maximus | | | 33,233 | | | | 2,872,661 | |
| Mayville Engineering * | | | 6,954 | | | | 142,348 | |
| McGrath RentCorp | | | 13,292 | | | | 1,511,300 | |
| Mercury Systems * | | | 29,855 | | | | 965,809 | |
| Miller Industries | | | 6,055 | | | | 397,450 | |
| MillerKnoll | | | 37,987 | | | | 849,389 | |
| Mirion Technologies, Cl A * | | | 108,875 | | | | 1,611,350 | |
The accompanying notes are an integral part of the financial statements.
182
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| Mistras Group * | | | 11,408 | | | $ | 96,398 | |
| Montrose Environmental Group * | | | 17,380 | | | | 458,311 | |
| Moog, Cl A | | | 15,479 | | | | 2,919,339 | |
| MRC Global * | | | 46,074 | | | | 564,867 | |
| Mueller Industries | | | 60,885 | | | | 4,990,743 | |
| Mueller Water Products, Cl A | | | 84,652 | | | | 1,827,637 | |
| MYR Group * | | | 8,945 | | | | 1,171,795 | |
| NANO Nuclear Energy * (A) | | | 2,207 | | | | 43,169 | |
| Napco Security Technologies | | | 19,175 | | | | 737,854 | |
| National Presto Industries | | | 2,824 | | | | 203,130 | |
| Net Power * | | | 11,652 | | | | 105,101 | |
| NEXTracker, Cl A * | | | 78,574 | | | | 3,128,817 | |
| NL Industries | | | 4,565 | | | | 34,192 | |
| NN * | | | 25,146 | | | | 79,210 | |
| Nordic American Tankers | | | 111,424 | | | | 364,356 | |
| Northwest Pipe *(B) | | | 5,150 | | | | 231,184 | |
| NuScale Power * (A)(B) | | | 43,141 | | | | 825,719 | |
| NV5 Global * | | | 31,044 | | | | 709,355 | |
| Omega Flex | | | 1,959 | | | | 100,144 | |
| OPENLANE * | | | 58,500 | | | | 924,300 | |
| Orion Group Holdings * | | | 16,866 | | | | 103,051 | |
| PAM Transportation Services * | | | 3,248 | | | | 50,279 | |
| Pangaea Logistics Solutions | | | 17,158 | | | | 110,154 | |
| Park Aerospace | | | 10,181 | | | | 137,749 | |
| Park-Ohio Holdings | | | 4,670 | | | | 132,955 | |
| Performant Financial * | | | 38,725 | | | | 150,640 | |
| Perma-Fix Environmental Services * | | | 7,480 | | | | 100,382 | |
| Pitney Bowes | | | 87,482 | | | | 630,745 | |
| Planet Labs PBC * | | | 116,318 | | | | 257,063 | |
| Plug Power * (A) | | | 405,529 | | | | 794,837 | |
| Powell Industries | | | 5,094 | | | | 1,298,868 | |
| Preformed Line Products | | | 1,322 | | | | 162,606 | |
| Primoris Services | | | 29,123 | | | | 1,823,682 | |
| Proficient Auto Logistics * (A) | | | 8,220 | | | | 67,322 | |
| Proto Labs * | | | 14,023 | | | | 384,230 | |
| Quad | | | 16,448 | | | | 104,445 | |
| Quanex Building Products | | | 24,197 | | | | 703,165 | |
| Quest Resource Holding * | | | 9,514 | | | | 74,209 | |
| Radiant Logistics * | | | 19,805 | | | | 131,703 | |
The accompanying notes are an integral part of the financial statements.
183
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| Redwire * (A) | | | 12,288 | | | $ | 94,495 | |
| Resideo Technologies * | | | 79,575 | | | | 1,565,240 | |
| Resources Connection | | | 17,602 | | | | 141,696 | |
| REV Group | | | 27,961 | | | | 740,967 | |
| Rocket Lab USA * | | | 189,546 | | | | 2,028,142 | |
| Rush Enterprises, Cl A | | | 33,135 | | | | 1,874,778 | |
| Rush Enterprises, Cl B | | | 4,812 | | | | 233,671 | |
| RXO * | | | 73,909 | | | | 2,083,495 | |
| SES AI * | | | 70,129 | | | | 33,192 | |
| Shoals Technologies Group, Cl A * | | | 93,756 | | | | 507,220 | |
| Shyft Group | | | 18,467 | | | | 238,594 | |
| Sky Harbour Group, Cl A * | | | 6,270 | | | | 69,221 | |
| SkyWest * | | | 21,578 | | | | 2,054,226 | |
| Smith & Wesson Brands | | | 24,805 | | | | 321,349 | |
| SolarMax Technology * | | | 2,977 | | | | 2,781 | |
| Solidion Technology * | | | 477 | | | | 230 | |
| Southland Holdings * | | | 5,538 | | | | 16,060 | |
| Spire Global * (A) | | | 12,196 | | | | 120,740 | |
| Spirit Airlines | | | 61,042 | | | | 146,501 | |
| SPX Technologies * | | | 24,525 | | | | 3,519,092 | |
| Standex International | | | 6,326 | | | | 1,163,225 | |
| Steelcase, Cl A | | | 50,425 | | | | 606,613 | |
| Stem * (A) | | | 79,275 | | | | 29,926 | |
| Sterling Infrastructure * | | | 16,455 | | | | 2,541,475 | |
| Sturm Ruger | | | 8,967 | | | | 352,582 | |
| Sun Country Airlines Holdings * | | | 21,573 | | | | 303,101 | |
| Sunrun * | | | 119,087 | | | | 1,720,807 | |
| Taylor Devices * | | | 1,311 | | | | 61,643 | |
| Tecnoglass | | | 12,254 | | | | 839,767 | |
| Tennant | | | 10,336 | | | | 905,020 | |
| Terex | | | 36,286 | | | | 1,876,349 | |
| Thermon Group Holdings * | | | 18,211 | | | | 477,310 | |
| Titan International * | | | 27,284 | | | | 175,709 | |
| Titan Machinery * | | | 11,294 | | | | 155,010 | |
| TPI Composites * | | | 25,204 | | | | 85,820 | |
| Transcat * | | | 4,919 | | | | 470,109 | |
| TriNet Group | | | 17,415 | | | | 1,478,359 | |
| Trinity Industries | | | 44,505 | | | | 1,525,631 | |
| Triumph Group * | | | 39,957 | | | | 553,005 | |
The accompanying notes are an integral part of the financial statements.
184
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| TrueBlue * | | | 16,253 | | | $ | 121,735 | |
| TTEC Holdings | | | 10,716 | | | | 55,723 | |
| Tutor Perini * | | | 23,578 | | | | 611,142 | |
| Twin Disc | | | 6,152 | | | | 71,425 | |
| UFP Industries | | | 32,967 | | | | 4,033,183 | |
| Ultralife * | | | 5,497 | | | | 46,230 | |
| UniFirst | | | 8,198 | | | | 1,474,082 | |
| Universal Logistics Holdings | | | 3,719 | | | | 156,347 | |
| Upwork * | | | 67,852 | | | | 920,073 | |
| V2X * | | | 6,721 | | | | 414,014 | |
| Verra Mobility, Cl A * | | | 90,715 | | | | 2,355,869 | |
| Viad * | | | 11,137 | | | | 416,969 | |
| Vicor * | | | 12,264 | | | | 560,587 | |
| Virco Mfg. | | | 5,661 | | | | 79,424 | |
| Virgin Galactic Holdings * (A) | | | 10,417 | | | | 68,440 | |
| VirTra * | | | 5,776 | | | | 35,234 | |
| VSE | | | 8,661 | | | | 888,792 | |
| Wabash National | | | 23,784 | | | | 414,793 | |
| Watts Water Technologies, Cl A | | | 14,923 | | | | 2,844,175 | |
| Werner Enterprises | | | 33,612 | | | | 1,239,947 | |
| Wheels Up Experience * (A) | | | 49,053 | | | | 100,068 | |
| Willdan Group * | | | 6,882 | | | | 325,587 | |
| Willis Lease Finance | | | 1,548 | | | | 280,699 | |
| Xometry, Cl A * | | | 22,903 | | | | 450,731 | |
| Zurn Elkay Water Solutions | | | 78,476 | | | | 2,832,984 | |
| | | | | | | | 249,508,841 | |
| Information Technology — 11.4% | | | | | | | | |
| 8x8 * | | | 66,944 | | | | 149,285 | |
| A10 Networks | | | 38,750 | | | | 567,687 | |
| ACI Worldwide * | | | 57,461 | | | | 2,827,081 | |
| ACM Research, Cl A * | | | 27,799 | | | | 522,482 | |
| Adeia | | | 59,267 | | | | 736,689 | |
| ADTRAN Holdings | | | 43,008 | | | | 261,274 | |
| Aehr Test Systems * (A) | | | 15,125 | | | | 212,960 | |
| Aeva Technologies * | | | 12,504 | | | | 46,015 | |
| Agilysys * | | | 12,279 | | | | 1,228,391 | |
| Airship AI Holdings * | | | 1,632 | | | | 3,101 | |
| Alarm.com Holdings * | | | 26,271 | | | | 1,401,032 | |
The accompanying notes are an integral part of the financial statements.
185
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Information Technology — continued | | | | | | | | |
| Alkami Technology * | | | 24,352 | | | $ | 891,527 | |
| Alpha & Omega Semiconductor * | | | 12,661 | | | | 418,319 | |
| Altair Engineering, Cl A * | | | 31,141 | | | | 3,238,353 | |
| Ambarella * | | | 20,659 | | | | 1,160,829 | |
| American Software, Cl A | | | 17,208 | | | | 181,544 | |
| Amplitude, Cl A * | | | 41,649 | | | | 374,425 | |
| Appian, Cl A * | | | 21,746 | | | | 777,420 | |
| Applied Digital * | | | 64,054 | | | | 433,005 | |
| Applied Optoelectronics * | | | 20,326 | | | | 317,492 | |
| Arlo Technologies * | | | 51,845 | | | | 526,745 | |
| Arteris * | | | 15,068 | | | | 102,613 | |
| Asana, Cl A * | | | 44,270 | | | | 528,584 | |
| ASGN * | | | 24,582 | | | | 2,264,002 | |
| AudioEye * | | | 3,822 | | | | 81,409 | |
| Aurora Innovation, Cl A * | | | 510,239 | | | | 2,650,692 | |
| AvePoint * | | | 69,129 | | | | 839,226 | |
| Aviat Networks * | | | 6,175 | | | | 126,279 | |
| Axcelis Technologies * | | | 17,728 | | | | 1,512,376 | |
| Backblaze, Cl A * | | | 21,942 | | | | 158,421 | |
| Badger Meter | | | 15,979 | | | | 3,196,599 | |
| Bel Fuse, Cl A | | | 960 | | | | 97,296 | |
| Bel Fuse, Cl B | | | 5,629 | | | | 424,539 | |
| Belden | | | 22,088 | | | | 2,515,161 | |
| Benchmark Electronics | | | 19,441 | | | | 841,795 | |
| BigBear.ai Holdings * (A) | | | 55,423 | | | | 88,123 | |
| BigCommerce Holdings * | | | 38,692 | | | | 202,746 | |
| Blackbaud * | | | 22,491 | | | | 1,698,295 | |
| BlackLine * | | | 31,431 | | | | 1,740,334 | |
| Blend Labs, Cl A * | | | 126,209 | | | | 458,139 | |
| Box, Cl A * | | | 76,659 | | | | 2,434,690 | |
| Braze, Cl A * | | | 35,929 | | | | 1,130,326 | |
| C3.ai, Cl A * | | | 46,069 | | | | 1,134,679 | |
| Calix * | | | 32,022 | | | | 1,132,938 | |
| Cerence * | | | 23,218 | | | | 70,699 | |
| CEVA * | | | 12,661 | | | | 295,444 | |
| Clear Secure, Cl A | | | 47,768 | | | | 1,756,907 | |
| Clearfield * | | | 6,574 | | | | 236,204 | |
| Clearwater Analytics Holdings, Cl A * | | | 82,671 | | | | 2,158,540 | |
| Climb Global Solutions | | | 2,287 | | | | 234,166 | |
The accompanying notes are an integral part of the financial statements.
186
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Information Technology — continued | | | | | | | | |
| Cohu * | | | 25,218 | | | $ | 628,433 | |
| CommScope Holding * | | | 114,893 | | | | 773,230 | |
| CommVault Systems * | | | 23,781 | | | | 3,714,354 | |
| CompoSecure, Cl A (A) | | | 13,400 | | | | 202,474 | |
| Consensus Cloud Solutions * | | | 9,838 | | | | 218,207 | |
| Core Scientific * | | | 97,164 | | | | 1,291,310 | |
| Corsair Gaming * | | | 24,327 | | | | 156,058 | |
| Couchbase * | | | 21,181 | | | | 340,379 | |
| CPI Card Group * | | | 2,687 | | | | 57,771 | |
| Credo Technology Group Holding * | | | 70,147 | | | | 2,644,542 | |
| CS Disco * | | | 16,077 | | | | 94,533 | |
| CTS | | | 16,388 | | | | 811,042 | |
| Daily Journal * | | | 753 | | | | 365,205 | |
| Daktronics * | | | 20,231 | | | | 263,610 | |
| Dave * | | | 4,254 | | | | 164,034 | |
| Diebold Nixdorf * | | | 13,772 | | | | 637,368 | |
| Digi International * | | | 19,518 | | | | 565,436 | |
| Digimarc * | | | 8,267 | | | | 256,112 | |
| Digital Turbine * | | | 52,486 | | | | 167,955 | |
| DigitalOcean Holdings * | | | 35,759 | | | | 1,415,341 | |
| Diodes * | | | 24,842 | | | | 1,452,760 | |
| Domo, Cl B * | | | 18,589 | | | | 147,783 | |
| E2open Parent Holdings * | | | 111,474 | | | | 326,619 | |
| eGain * | | | 10,930 | | | | 53,776 | |
| Enfusion, Cl A * | | | 26,375 | | | | 235,001 | |
| Envestnet * | | | 27,610 | | | | 1,733,356 | |
| ePlus * | | | 14,303 | | | | 1,272,252 | |
| EverCommerce * | | | 11,664 | | | | 122,705 | |
| Everspin Technologies * | | | 10,630 | | | | 65,693 | |
| Extreme Networks * | | | 68,438 | | | | 1,021,779 | |
| FARO Technologies * | | | 10,139 | | | | 177,838 | |
| Fastly, Cl A * | | | 70,431 | | | | 509,216 | |
| FormFactor * | | | 42,181 | | | | 1,602,034 | |
| Freshworks, Cl A * | | | 112,653 | | | | 1,318,040 | |
| GCT Semiconductor Holding * (A) | | | 4,360 | | | | 10,072 | |
| Grid Dynamics Holdings * | | | 31,216 | | | | 496,959 | |
| Hackett Group | | | 13,826 | | | | 336,248 | |
| Harmonic * | | | 60,176 | | | | 667,352 | |
| Ichor Holdings * | | | 17,797 | | | | 485,146 | |
The accompanying notes are an integral part of the financial statements.
187
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Information Technology — continued | | | | | | | | |
| iLearningEngines Holdings * (A) | | | 15,524 | | | $ | 23,286 | |
| Immersion | | | 16,533 | | | | 139,373 | |
| Impinj * | | | 12,498 | | | | 2,374,495 | |
| indie Semiconductor, Cl A * | | | 89,509 | | | | 296,275 | |
| Infinera * (A) | | | 110,272 | | | | 741,028 | |
| Information Services Group | | | 19,644 | | | | 60,307 | |
| Insight Enterprises * | | | 15,199 | | | | 2,658,609 | |
| Instructure Holdings * | | | 12,070 | | | | 284,128 | |
| Intapp * | | | 21,264 | | | | 1,066,815 | |
| InterDigital | | | 13,783 | | | | 2,073,515 | |
| IonQ * (A) | | | 108,086 | | | | 1,624,533 | |
| Iteris * | | | 23,377 | | | | 168,081 | |
| Itron * | | | 25,021 | | | | 2,796,347 | |
| Jamf Holding * | | | 44,595 | | | | 742,061 | |
| Kaltura * | | | 53,166 | | | | 67,521 | |
| Knowles * | | | 47,409 | | | | 821,124 | |
| Life360 * (A) | | | 3,151 | | | | 135,083 | |
| Lightwave Logic * | | | 66,400 | | | | 209,160 | |
| LiveRamp Holdings * | | | 35,969 | | | | 900,304 | |
| MARA Holdings, Inc. * | | | 148,958 | | | | 2,498,026 | |
| Matterport * | | | 144,617 | | | | 659,454 | |
| MaxLinear, Cl A * | | | 43,182 | | | | 560,071 | |
| MeridianLink * | | | 14,739 | | | | 323,668 | |
| Methode Electronics | | | 18,696 | | | | 163,029 | |
| MicroVision * | | | 113,612 | | | | 114,748 | |
| Mitek Systems * | | | 25,163 | | | | 216,150 | |
| N-able * | | | 38,935 | | | | 476,175 | |
| Navitas Semiconductor, Cl A * | | | 68,823 | | | | 169,993 | |
| NCR Voyix * | | | 79,267 | | | | 1,015,410 | |
| NETGEAR * | | | 15,448 | | | | 338,620 | |
| NetScout Systems * | | | 37,684 | | | | 792,495 | |
| NextNav * | | | 41,060 | | | | 477,117 | |
| nLight * | | | 25,163 | | | | 314,034 | |
| Novanta * | | | 19,543 | | | | 3,327,000 | |
| NVE | | | 2,596 | | | | 195,661 | |
| Olo, Cl A * | | | 57,470 | | | | 287,925 | |
| ON24 * | | | 15,025 | | | | 90,901 | |
| OneSpan * | | | 20,704 | | | | 345,343 | |
| Ooma * | | | 13,534 | | | | 161,867 | |
The accompanying notes are an integral part of the financial statements.
188
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Information Technology — continued | | | | | | | | |
| OSI Systems * | | | 8,821 | | | $ | 1,166,224 | |
| Ouster * | | | 23,653 | | | | 156,819 | |
| Pagaya Technologies, Cl A * | | | 25,475 | | | | 293,472 | |
| PagerDuty * | | | 50,104 | | | | 904,878 | |
| PAR Technology * | | | 19,852 | | | | 1,171,069 | |
| PC Connection | | | 6,322 | | | | 402,395 | |
| PDF Solutions * | | | 16,990 | | | | 481,157 | |
| Photronics * | | | 33,578 | | | | 765,578 | |
| Plexus * | | | 14,806 | | | | 2,133,545 | |
| Porch Group * | | | 42,153 | | | | 91,472 | |
| Power Integrations | | | 30,839 | | | | 1,863,601 | |
| Powerfleet NJ * | | | 50,314 | | | | 253,079 | |
| Progress Software | | | 23,145 | | | | 1,483,363 | |
| PROS Holdings * | | | 24,906 | | | | 493,139 | |
| Q2 Holdings * | | | 32,059 | | | | 2,714,115 | |
| Qualys * | | | 20,228 | | | | 2,411,987 | |
| QuickLogic * | | | 7,532 | | | | 55,887 | |
| Rackspace Technology * | | | 36,038 | | | | 85,951 | |
| Rambus * | | | 59,307 | | | | 2,836,061 | |
| Rapid7 * | | | 33,731 | | | | 1,363,407 | |
| Red Violet * | | | 5,983 | | | | 179,969 | |
| Rekor Systems * | | | 38,746 | | | | 40,683 | |
| ReposiTrak (A) | | | 6,399 | | | | 123,181 | |
| Ribbon Communications * | | | 50,056 | | | | 178,199 | |
| Richardson Electronics | | | 6,693 | | | | 91,962 | |
| Rigetti Computing * (A) | | | 78,184 | | | | 103,203 | |
| Rimini Street * | | | 28,735 | | | | 50,861 | |
| Roadzen * (A) | | | 8,278 | | | | 8,112 | |
| Rogers * | | | 10,239 | | | | 1,026,767 | |
| Sanmina * | | | 29,268 | | | | 2,051,687 | |
| ScanSource * | | | 13,373 | | | | 567,149 | |
| SEMrush Holdings, Cl A * | | | 19,764 | | | | 259,106 | |
| Semtech * | | | 35,276 | | | | 1,558,846 | |
| Silicon Laboratories * | | | 17,403 | | | | 1,807,476 | |
| Silvaco Group * | | | 3,293 | | | | 20,581 | |
| SiTime * | | | 10,014 | | | | 1,692,466 | |
| SkyWater Technology * | | | 14,840 | | | | 145,580 | |
| SMART Global Holdings * | | | 28,128 | | | | 423,326 | |
| SmartRent, Cl A * | | | 106,065 | | | | 179,250 | |
The accompanying notes are an integral part of the financial statements.
189
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Information Technology — continued | | | | | | | | |
| SolarWinds | | | 29,717 | | | $ | 388,698 | |
| SoundHound AI, Cl A * | | | 159,298 | | | | 801,269 | |
| SoundThinking * | | | 5,358 | | | | 56,741 | |
| Sprinklr, Cl A * | | | 68,964 | | | | 512,403 | |
| Sprout Social, Cl A * | | | 26,908 | | | | 712,793 | |
| SPS Commerce * | | | 20,274 | | | | 3,345,210 | |
| Synaptics * | | | 21,219 | | | | 1,457,109 | |
| Telos * | | | 30,730 | | | | 107,862 | |
| Tenable Holdings * | | | 64,244 | | | | 2,544,705 | |
| Thoughtworks Holding * | | | 54,728 | | | | 242,992 | |
| TTM Technologies * | | | 54,995 | | | | 1,234,088 | |
| Tucows, Cl A * | | | 4,301 | | | | 79,655 | |
| Turtle Beach * | | | 9,413 | | | | 150,326 | |
| Ultra Clean Holdings * | | | 24,105 | | | | 806,312 | |
| Unisys * | | | 36,099 | | | | 249,444 | |
| Varonis Systems, Cl B * | | | 60,063 | | | | 3,025,373 | |
| Veeco Instruments * | | | 30,283 | | | | 871,545 | |
| Verint Systems * | | | 33,283 | | | | 708,928 | |
| Vertex, Cl A * | | | 29,548 | | | | 1,226,537 | |
| Viant Technology, Cl A * | | | 8,473 | | | | 98,880 | |
| Viasat * | | | 67,400 | | | | 647,040 | |
| Viavi Solutions * | | | 119,938 | | | | 1,105,828 | |
| Vishay Intertechnology | | | 68,822 | | | | 1,167,221 | |
| Vishay Precision Group * | | | 6,615 | | | | 153,534 | |
| Weave Communications * | | | 21,369 | | | | 299,593 | |
| WM Technology * | | | 46,359 | | | | 35,933 | |
| Workiva, Cl A * | | | 27,519 | | | | 2,194,915 | |
| Xerox Holdings | | | 63,585 | | | | 519,489 | |
| Xperi * | | | 24,482 | | | | 223,521 | |
| Yext * | | | 57,294 | | | | 414,809 | |
| Zeta Global Holdings, Cl A * | | | 97,371 | | | | 2,695,229 | |
| Zuora, Cl A * | | | 76,054 | | | | 752,935 | |
| | | | | | | | 163,365,153 | |
| Materials — 4.2% | | | | | | | | |
| AdvanSix | | | 13,971 | | | | 396,357 | |
| Alpha Metallurgical Resources | | | 5,964 | | | | 1,242,301 | |
| American Vanguard | | | 14,288 | | | | 74,726 | |
| Arch Resources | | | 9,561 | | | | 1,403,172 | |
The accompanying notes are an integral part of the financial statements.
190
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Materials — continued | | | | | | | | |
| Ardagh Metal Packaging | | | 78,911 | | | $ | 290,392 | |
| Arq * | | | 13,633 | | | | 79,889 | |
| ASP Isotopes * (A) | | | 25,777 | | | | 180,181 | |
| Aspen Aerogels * | | | 31,740 | | | | 566,242 | |
| Avient | | | 49,211 | | | | 2,293,725 | |
| Balchem | | | 17,587 | | | | 2,942,833 | |
| Cabot | | | 29,492 | | | | 3,180,122 | |
| Carpenter Technology | | | 25,932 | | | | 3,876,834 | |
| Century Aluminum * | | | 28,913 | | | | 510,314 | |
| Clearwater Paper * | | | 8,930 | | | | 224,947 | |
| Coeur Mining * | | | 215,273 | | | | 1,386,358 | |
| Commercial Metals | | | 63,046 | | | | 3,391,875 | |
| Compass Minerals International | | | 18,883 | | | | 232,450 | |
| Constellium, Cl A * | | | 70,547 | | | | 783,072 | |
| Contango ORE * | | | 5,606 | | | | 120,585 | |
| Core Molding Technologies * | | | 4,186 | | | | 62,999 | |
| Dakota Gold * | | | 35,889 | | | | 78,597 | |
| Ecovyst * | | | 63,602 | | | | 423,589 | |
| Greif, Cl A | | | 13,579 | | | | 847,873 | |
| Greif, Cl B | | | 2,625 | | | | 175,691 | |
| Hawkins | | | 10,539 | | | | 1,126,619 | |
| Haynes International | | | 6,902 | | | | 416,605 | |
| HB Fuller | | | 29,832 | | | | 2,183,106 | |
| Hecla Mining | | | 320,045 | | | | 2,077,092 | |
| Ingevity * | | | 19,833 | | | | 828,821 | |
| Innospec | | | 13,582 | | | | 1,463,868 | |
| Intrepid Potash * | | | 5,924 | | | | 148,633 | |
| Ivanhoe Electric * | | | 45,721 | | | | 464,068 | |
| Kaiser Aluminum | | | 8,737 | | | | 648,810 | |
| Knife River * | | | 30,956 | | | | 3,012,638 | |
| Koppers Holdings | | | 11,137 | | | | 378,769 | |
| Kronos Worldwide | | | 11,864 | | | | 136,911 | |
| LSB Industries * | | | 29,150 | | | | 239,030 | |
| Materion | | | 11,201 | | | | 1,138,358 | |
| Mativ Holdings | | | 29,459 | | | | 455,142 | |
| Metallus * | | | 23,377 | | | | 329,382 | |
| Minerals Technologies | | | 17,502 | | | | 1,317,726 | |
| Myers Industries | | | 20,140 | | | | 237,249 | |
| Northern Technologies International | | | 4,283 | | | | 54,437 | |
The accompanying notes are an integral part of the financial statements.
191
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Materials — continued | | | | | | | | |
| O-I Glass, Cl I * | | | 84,396 | | | $ | 937,640 | |
| Oil-Dri Corp of America | | | 2,666 | | | | 180,888 | |
| Olympic Steel | | | 5,405 | | | | 193,931 | |
| Pactiv Evergreen | | | 22,109 | | | | 250,716 | |
| Perimeter Solutions * | | | 72,910 | | | | 968,245 | |
| Perpetua Resources * (A) | | | 20,955 | | | | 214,265 | |
| Piedmont Lithium * (A) | | | 9,886 | | | | 129,507 | |
| PureCycle Technologies * (A) | | | 67,408 | | | | 877,652 | |
| Quaker Chemical | | | 7,596 | | | | 1,151,402 | |
| Radius Recycling, Cl A | | | 14,447 | | | | 233,897 | |
| Ramaco Resources, Cl A | | | 14,430 | | | | 146,464 | |
| Ramaco Resources, Cl B | | | 2,718 | | | | 27,778 | |
| Ranpak Holdings, Cl A * | | | 23,478 | | | | 142,746 | |
| Rayonier Advanced Materials * | | | 34,867 | | | | 277,541 | |
| Ryerson Holding | | | 15,319 | | | | 333,801 | |
| Sensient Technologies | | | 22,940 | | | | 1,731,511 | |
| Smith-Midland * | | | 2,512 | | | | 86,413 | |
| Stepan | | | 11,634 | | | | 841,604 | |
| Summit Materials, Cl A * | | | 65,976 | | | | 3,127,922 | |
| SunCoke Energy | | | 45,800 | | | | 472,198 | |
| Sylvamo | | | 19,167 | | | | 1,629,578 | |
| Tredegar * | | | 14,447 | | | | 111,964 | |
| TriMas | | | 22,168 | | | | 595,211 | |
| Tronox Holdings, Cl A | | | 64,713 | | | | 784,322 | |
| United States Lime & Minerals | | | 5,730 | | | | 646,229 | |
| Universal Stainless & Alloy Products * | | | 4,755 | | | | 207,889 | |
| Valhi | | | 1,310 | | | | 44,605 | |
| Warrior Met Coal | | | 28,239 | | | | 1,782,728 | |
| Worthington Steel | | | 17,783 | | | | 680,022 | |
| | | | | | | | 60,231,057 | |
| Real Estate — 6.4% | | | | | | | | |
| Acadia Realty Trust † | | | 56,181 | | | | 1,375,873 | |
| Alexander & Baldwin † | | | 39,756 | | | | 739,859 | |
| Alexander’s † | | | 1,168 | | | | 265,171 | |
| Alpine Income Property Trust † | | | 6,824 | | | | 119,625 | |
| American Assets Trust † | | | 26,151 | | | | 704,769 | |
| American Healthcare REIT † | | | 44,753 | | | | 1,190,430 | |
| American Realty Investors * | | | 873 | | | | 12,231 | |
The accompanying notes are an integral part of the financial statements.
192
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Real Estate — continued | | | | | | | | |
| Anywhere Real Estate * | | | 53,526 | | | $ | 206,610 | |
| Apartment Investment and Management, Cl A † * | | | 77,498 | | | | 654,083 | |
| Apple Hospitality REIT † | | | 124,202 | | | | 1,834,464 | |
| Armada Hoffler Properties † | | | 36,228 | | | | 392,349 | |
| Braemar Hotels & Resorts † | | | 35,877 | | | | 102,608 | |
| Brandywine Realty Trust † | | | 92,644 | | | | 469,705 | |
| Broadstone Net Lease, Cl A † | | | 102,773 | | | | 1,807,777 | |
| BRT Apartments † | | | 6,122 | | | | 99,360 | |
| CareTrust REIT † | | | 77,721 | | | | 2,539,145 | |
| CBL & Associates Properties † | | | 12,469 | | | | 329,805 | |
| Centerspace † | | | 8,325 | | | | 579,919 | |
| Chatham Lodging Trust † | | | 26,220 | | | | 207,138 | |
| City Office REIT † | | | 21,591 | | | | 110,546 | |
| Clipper Realty † | | | 5,575 | | | | 36,683 | |
| Community Healthcare Trust † | | | 14,713 | | | | 276,016 | |
| Compass, Cl A * | | | 206,793 | | | | 1,313,136 | |
| COPT Defense Properties † | | | 61,333 | | | | 1,974,923 | |
| CTO Realty Growth † | | | 12,080 | | | | 233,748 | |
| Curbline Properties † * | | | 51,794 | | | | 1,172,098 | |
| Cushman & Wakefield * | | | 124,753 | | | | 1,690,403 | |
| DiamondRock Hospitality † | | | 114,656 | | | | 982,602 | |
| DigitalBridge Group | | | 86,589 | | | | 1,358,581 | |
| Diversified Healthcare Trust † | | | 117,425 | | | | 419,207 | |
| Douglas Emmett † | | | 87,948 | | | | 1,564,595 | |
| Easterly Government Properties, Cl A † | | | 52,881 | | | | 717,066 | |
| Elme Communities † | | | 47,944 | | | | 808,815 | |
| Empire State Realty Trust, Cl A † | | | 73,009 | | | | 773,895 | |
| Equity Commonwealth † * | | | 57,647 | | | | 1,140,834 | |
| Essential Properties Realty Trust † | | | 95,586 | | | | 3,029,120 | |
| eXp World Holdings | | | 44,217 | | | | 588,970 | |
| Farmland Partners † | | | 24,054 | | | | 281,672 | |
| Forestar Group * | | | 10,401 | | | | 328,360 | |
| Four Corners Property Trust † | | | 49,939 | | | | 1,376,319 | |
| Franklin Street Properties † | | | 53,265 | | | | 94,279 | |
| FRP Holdings * | | | 7,323 | | | | 212,367 | |
| Getty Realty † | | | 26,958 | | | | 846,212 | |
| Gladstone Commercial † | | | 21,977 | | | | 346,028 | |
| Gladstone Land † | | | 18,435 | | | | 240,208 | |
| Global Medical REIT † | | | 33,207 | | | | 301,852 | |
The accompanying notes are an integral part of the financial statements.
193
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Real Estate — continued | | | | | | | | |
| Global Net Lease † | | | 109,410 | | | $ | 852,304 | |
| Hudson Pacific Properties † | | | 74,809 | | | | 323,175 | |
| Independence Realty Trust † | | | 123,129 | | | | 2,415,791 | |
| Industrial Logistics Properties Trust † | | | 35,693 | | | | 126,175 | |
| Innovative Industrial Properties, Cl A † | | | 15,355 | | | | 1,983,712 | |
| InvenTrust Properties † | | | 37,126 | | | | 1,093,361 | |
| JBG SMITH Properties † | | | 45,484 | | | | 773,228 | |
| Kennedy-Wilson Holdings | | | 61,948 | | | | 662,224 | |
| Kite Realty Group Trust † | | | 118,301 | | | | 3,036,787 | |
| LTC Properties † | | | 23,398 | | | | 893,804 | |
| LXP Industrial Trust † | | | 158,357 | | | | 1,494,890 | |
| Macerich † | | | 118,044 | | | | 2,207,423 | |
| Marcus & Millichap | | | 12,814 | | | | 484,882 | |
| Maui Land & Pineapple * | | | 4,213 | | | | 92,644 | |
| National Health Investors † | | | 22,766 | | | | 1,745,014 | |
| NET Lease Office Properties † | | | 8,109 | | | | 243,594 | |
| NETSTREIT † | | | 42,378 | | | | 656,859 | |
| Newmark Group, Cl A | | | 72,895 | | | | 1,092,696 | |
| NexPoint Diversified Real Estate Trust † | | | 18,110 | | | | 96,888 | |
| NexPoint Residential Trust † | | | 12,386 | | | | 515,877 | |
| Offerpad Solutions * (A) | | | 5,706 | | | | 17,175 | |
| One Liberty Properties † | | | 8,656 | | | | 231,115 | |
| Opendoor Technologies * | | | 337,586 | | | | 590,775 | |
| Orion Office REIT † | | | 30,601 | | | | 114,142 | |
| Outfront Media † | | | 80,639 | | | | 1,432,149 | |
| Paramount Group † | | | 100,852 | | | | 489,132 | |
| Peakstone Realty Trust † (A) | | | 19,805 | | | | 259,842 | |
| Pebblebrook Hotel Trust † | | | 65,057 | | | | 779,383 | |
| Phillips Edison † | | | 66,843 | | | | 2,527,334 | |
| Piedmont Office Realty Trust, Cl A † | | | 67,263 | | | | 668,594 | |
| Plymouth Industrial REIT † | | | 21,901 | | | | 445,028 | |
| Postal Realty Trust, Cl A † | | | 11,772 | | | | 171,283 | |
| PotlatchDeltic † | | | 43,236 | | | | 1,797,321 | |
| RE/MAX Holdings, Cl A | | | 9,771 | | | | 119,597 | |
| Redfin * | | | 63,982 | | | | 663,493 | |
| Retail Opportunity Investments † | | | 67,548 | | | | 1,046,994 | |
| RLJ Lodging Trust † | | | 83,029 | | | | 734,807 | |
| RMR Group, Cl A | | | 8,452 | | | | 203,440 | |
| Ryman Hospitality Properties † | | | 31,954 | | | | 3,420,676 | |
The accompanying notes are an integral part of the financial statements.
194
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Real Estate — continued | | | | | | | | |
| Sabra Health Care REIT † | | | 126,082 | | | $ | 2,445,991 | |
| Safehold † | | | 28,213 | | | | 600,373 | |
| Saul Centers † | | | 5,781 | | | | 226,268 | |
| Service Properties Trust † | | | 90,173 | | | | 288,554 | |
| SITE Centers † | | | 25,901 | | | | 413,121 | |
| SL Green Realty † | | | 35,623 | | | | 2,693,455 | |
| St. Joe | | | 19,630 | | | | 1,014,871 | |
| Star Holdings * | | | 7,144 | | | | 91,015 | |
| Stratus Properties * | | | 3,054 | | | | 68,074 | |
| Strawberry Fields REIT † | | | 3,252 | | | | 41,170 | |
| Summit Hotel Properties † | | | 57,371 | | | | 351,111 | |
| Sunstone Hotel Investors † | | | 110,826 | | | | 1,118,234 | |
| Tanger † | | | 58,002 | | | | 1,927,406 | |
| Tejon Ranch * | | | 11,420 | | | | 181,692 | |
| Terreno Realty † | | | 52,044 | | | | 3,120,038 | |
| Transcontinental Realty Investors * | | | 717 | | | | 19,847 | |
| UMH Properties † | | | 35,314 | | | | 658,606 | |
| Uniti Group † | | | 130,301 | | | | 660,626 | |
| Universal Health Realty Income Trust † | | | 7,013 | | | | 277,434 | |
| Urban Edge Properties † | | | 66,670 | | | | 1,482,741 | |
| Veris Residential † | | | 42,767 | | | | 704,372 | |
| Whitestone REIT, Cl B † | | | 26,622 | | | | 366,851 | |
| Xenia Hotels & Resorts † | | | 55,555 | | | | 787,214 | |
| | | | | | | | 91,892,128 | |
| Utilities — 2.6% | | | | | | | | |
| ALLETE | | | 31,641 | | | | 2,022,176 | |
| Altus Power, Cl A * | | | 41,360 | | | | 142,278 | |
| American States Water | | | 20,311 | | | | 1,674,845 | |
| Avista | | | 42,656 | | | | 1,598,747 | |
| Black Hills | | | 37,377 | | | | 2,212,345 | |
| Cadiz * | | | 23,377 | | | | 71,066 | |
| California Water Service Group | | | 31,525 | | | | 1,638,039 | |
| Chesapeake Utilities | | | 12,047 | | | | 1,443,110 | |
| Consolidated Water | | | 8,195 | | | | 194,713 | |
| Genie Energy, Cl B | | | 7,111 | | | | 111,785 | |
| Global Water Resources | | | 6,317 | | | | 78,899 | |
| Hawaiian Electric Industries | | | 90,059 | | | | 924,906 | |
| MGE Energy | | | 19,854 | | | | 1,796,588 | |
The accompanying notes are an integral part of the financial statements.
195
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Utilities — continued | | | | | | | | |
| Middlesex Water | | | 9,657 | | | $ | 590,912 | |
| Montauk Renewables * | | | 35,984 | | | | 198,992 | |
| New Jersey Resources | | | 53,527 | | | | 2,456,354 | |
| Northwest Natural Holding | | | 20,663 | | | | 803,584 | |
| Northwestern Energy Group | | | 33,588 | | | | 1,795,614 | |
| ONE Gas | | | 30,690 | | | | 2,187,276 | |
| Ormat Technologies | | | 29,384 | | | | 2,321,924 | |
| Otter Tail | | | 22,539 | | | | 1,769,762 | |
| PNM Resources | | | 49,057 | | | | 2,135,942 | |
| Portland General Electric | | | 55,374 | | | | 2,624,728 | |
| Pure Cycle * | | | 11,429 | | | | 120,233 | |
| RGC Resources | | | 4,476 | | | | 91,624 | |
| SJW Group | | | 17,922 | | | | 997,539 | |
| Southwest Gas Holdings | | | 33,184 | | | | 2,430,728 | |
| Spire | | | 30,960 | | | | 1,977,106 | |
| Sunnova Energy International * | | | 59,262 | | | | 359,720 | |
| Unitil | | | 8,730 | | | | 505,380 | |
| York Water | | | 7,774 | | | | 273,412 | |
| | | | | | | | 37,550,327 | |
| TOTAL UNITED STATES | | | | | | | 1,388,742,479 | |
TOTAL COMMON STOCK
(Cost $1,334,872,390) | | | | | | | 1,431,681,775 | |
| | | | | | | | | |
| SHORT-TERM INVESTMENT(D)(E) — 1.0% | | | | | | | | |
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 4.740%
(Cost $13,766,116) | | | 13,766,116 | | | | 13,766,116 | |
The accompanying notes are an integral part of the financial statements.
196
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
| | | Face Amount | | | Value | |
| REPURCHASE AGREEMENT(E) — 0.7% | | | | | | | | |
RBC Capital Markets
5.260%, dated 07/31/2024, to be repurchased on 11/01/2024, repurchase price $10,207,302 (collateralized by a U.S. Treasury Obligations, par value $11,035,139, 1.250%, 12/31/2026, with a total market value of $10,414,413)
(Cost $10,205,955) | | $ | 10,205,955 | | | $ | 10,205,955 | |
TOTAL INVESTMENTS — 101.4%
(Cost $1,358,844,461) | | | | | | $ | 1,455,653,846 | |
Percentages are based on Net Assets of $1,434,940,108.
A list of the open futures contracts held by the Fund at October 31, 2024, is as follows:
| Type of Contract | | Number of
Contracts | | Expiration
Date | | Notional Amount | | | Value | | | Unrealized
Depreciation | |
| Long Contracts | | | | | | | | | | | | | |
| Russell 2000 Index E-MINI | | 30 | | Dec-2024 | | | $3,324,972 | | | | $3,312,900 | | | $ | (12,072 | ) |
| * | Non-income producing security. |
| † | Real Estate Investment Trust |
| (A) | This security or a partial position of this security is on loan at October 31, 2024. The total market value of securities on loan at October 31, 2024 was $22,479,594. |
| (B) | Affiliated investment. |
| (C) | Level 3 security in accordance with fair value hierarchy. |
| (D) | The rate reported on the Schedule of Investments is the 7-day effective yield as of October 31, 2024 |
| (E) | These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2024 was $23,972,071. The total value of non-cash collateral held from securities on loan as of October 31, 2024 was $0. |
The accompanying notes are an integral part of the financial statements.
197
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 ETF |
The following is a summary of the level of inputs used as of October 31, 2024, in valuing the Fund’s investments and other financial instruments carried at value:
| Investments in Securities | | Level 1 | | | Level 2 | | | Level 3(1) | | | Total | |
| Common Stock | | $ | 1,431,559,584 | | | $ | — | | | $ | 122,191 | | | $ | 1,431,681,775 | |
| Short-Term Investment | | | 13,766,116 | | | | — | | | | — | | | | 13,766,116 | |
| Repurchase Agreement | | | — | | | | 10,205,955 | | | | — | | | | 10,205,955 | |
| Total Investments in Securities | | $ | 1,445,325,700 | | | $ | 10,205,955 | | | $ | 122,191 | | | $ | 1,455,653,846 | |
| | | | | | | | | | | | | | | | | |
| Other Financial Instruments | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Futures Contracts* | | | | | | | | | | | | | | | | |
| Unrealized Depreciation | | $ | (12,072 | ) | | $ | — | | | $ | — | | | $ | (12,072 | ) |
| Total Other Financial Instruments | | $ | (12,072 | ) | | $ | — | | | $ | — | | | $ | (12,072 | ) |
| * | Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
(1) A reconciliation of Level 3 investments and disclosures of significant unobservable inputs are presented when the Fund has a significant amount of Level 3 investments at the end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets.
The following is a summary of the Fund’s transactions with affiliates for the year ended October 31, 2024:
| | | Value
6/4/2024 | | | Purchases
at Cost | | | Proceeds
from Sales | | | Change in
Unrealized
Appreciation
(Depreciation) | | | Realized Gain
(Loss) | | | Value
10/31/2024 | | | Income | | | Capital Gains | |
| Centrus Energy, Cl A | | | | | | | | | | | | | | | | | | | | | | |
| | $ | — | | | $ | 378,111 | | | $ | (59,636) | | | $ | 468,614 | | | $ | 8,096 | | | $ | 795,185 | | | $ | — | | | $ | — | |
| Energy Fuels | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — | | | | 678,713 | | | | (87,893) | | | | 13,577 | | | | 2,160 | | | | 606,557 | | | | — | | | | — | |
| Northwest Pipe | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — | | | | 205,465 | | | | (38,126) | | | | 59,277 | | | | 4,568 | | | | 231,184 | | | | — | | | | — | |
| NuScale Power | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — | | | | 501,881 | | | | (72,999) | | | | 375,870 | | | | 20,967 | | | | 825,719 | | | | — | | | | — | |
| Uranium Energy | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — | | | | 1,473,726 | | | | (190,824) | | | | 313,814 | | | | 15,836 | | | | 1,612,552 | | | | — | | | | — | |
| Ur-Energy | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — | | | | 281,622 | | | | (31,167) | | | | (16,378) | | | | 529 | | | | 234,606 | | | | — | | | | — | |
| Totals: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | — | | | $ | 3,519,518 | | | $ | (480,645) | | | $ | 1,214,774 | | | $ | 52,156 | | | $ | 4,305,803 | | | $ | — | | | $ | — | |
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
The accompanying notes are an integral part of the financial statements.
198
| Schedule of Investments | October 31, 2024 |
| Glossary (abbreviations which may be used in preceding Schedules of Investments): |
Fund Abbreviations
ADR — American Depositary Receipt
Cl — Class
CME — Chicago Mercantile Exchange
ETF — Exchange-Traded Fund
GDR — Global Depositary Receipt
H15T5Y — U.S. Treasury Yield Curve Rate T Note Constant Maturity 5 Year
NVDR — Non-Voting Depositary Receipt
PJSC — Public Joint-Stock Company
PLC — Public Limited Company
REIT — Real Estate Investment Trust
S&P— Standard & Poor’s
SOFR — Secured Overnight Financing Rate
TSFR3M — Term Secured Overnight Financing Rate 3 Month
USD — U.S. Dollar
US0003M — 3 Month USD Swap Rate
199
Statements of Assets and Liabilities
October 31, 2024
| | | Global X Lithium
& Battery Tech
ETF | | | Global X
SuperDividend®
ETF | | | Global X Social
Media ETF | | | Global X Guru®
Index ETF | |
| Assets: | | | | | | | | | | | | | | | | |
| Cost of Investments | | $ | 1,589,610,324 | | | $ | 824,953,542 | | | $ | 162,314,106 | | | $ | 40,459,716 | |
| Cost of Repurchase Agreement | | | 70,923,713 | | | | 18,243,280 | | | | 1,432,398 | | | | 227,347 | |
| Cost (Proceeds) of Foreign Currency | | | 35,254,935 | | | | 116,714 | | | | — | | | | — | |
| Investments, at Value | | $ | 1,275,511,225 | * | | $ | 783,344,332 | * | | $ | 119,075,483 | * | | $ | 45,275,390 | * |
| Repurchase Agreement, at Value | | | 70,923,713 | | | | 18,243,280 | | | | 1,432,398 | | | | 227,347 | |
| Cash | | | 4,080,826 | | | | 1,753,985 | | | | 181,578 | | | | 46,000 | |
| Foreign Currency, at Value | | | 35,255,280 | | | | 503,946 | | | | — | | | | — | |
| Receivable for Investment Securities Sold | | | 116,812,686 | | | | 155,093 | | | | 8,161,313 | | | | — | |
| Dividend, Interest, and Securities Lending Income Receivable | | | 1,390,780 | | | | 3,063,003 | | | | 25,829 | | | | 8,811 | |
| Reclaim Receivable | | | 39,859 | | | | 788,495 | | | | 8,990 | | | | — | |
| Unrealized Appreciation on Spot Contracts | | | — | | | | 5,130 | | | | — | | | | — | |
| Cash pledged as collateral on Futures Contracts | | | — | | | | 329,993 | | | | — | | | | — | |
| Due from Broker | | | 50,742 | | | | 56,826 | | | | 5,000 | | | | — | |
| Total Assets | | | 1,504,065,111 | | | | 808,244,083 | | | | 128,890,591 | | | | 45,557,548 | |
| Liabilities: | | | | | | | | | | | | | | | | |
| Obligation to Return Securities Lending Collateral | | | 70,923,713 | | | | 18,243,280 | | | | 1,432,398 | | | | 534,000 | |
| Payable for Investment Securities Purchased | | | 154,023,129 | | | | 197,993 | | | | 8,288,762 | | | | — | |
| Payable for Capital Shares Redeemed | | | 3,095,502 | | | | 32,076 | | | | — | | | | — | |
| Payable due to Investment Adviser | | | 829,743 | | | | 397,088 | | | | 68,946 | | | | 28,650 | |
| Unrealized Depreciation on Spot Contracts | | | 27,444 | | | | — | | | | 805 | | | | — | |
| Payable for Variation Margin on Futures Contracts | | | — | | | | 66,040 | | | | — | | | | — | |
| Custodian Fees Payable | | | 463 | | | | 249 | | | | 44 | | | | — | |
| Due to Broker | | | 12,960 | | | | 284,994 | | | | — | | | | — | |
| Total Liabilities | | | 228,912,954 | | | | 19,221,720 | | | | 9,790,955 | | | | 562,650 | |
| Net Assets | | $ | 1,275,152,157 | | | $ | 789,022,363 | | | $ | 119,099,636 | | | $ | 44,994,898 | |
| Net Assets Consist of: | | | | | | | | | | | | | | | | |
| Paid-in Capital | | $ | 2,604,068,857 | | | $ | 1,754,813,784 | | | $ | 294,029,388 | | | $ | 62,621,685 | |
| Total Accumulated Losses | | | (1,328,916,700 | ) | | | (965,791,421 | ) | | | (174,929,752 | ) | | | (17,626,787 | ) |
| Net Assets | | $ | 1,275,152,157 | | | $ | 789,022,363 | | | $ | 119,099,636 | | | $ | 44,994,898 | |
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value) | | | 29,364,628 | | | | 35,879,412 | | | | 2,840,000 | | | | 930,000 | |
| Net Asset Value, Offering and Redemption Price Per Share | | | $43.42 | | | | $21.99 | | | | $41.94 | | | | $48.38 | |
| *Includes Market Value of Securities on Loan | | $ | 114,885,705 | | | $ | 16,465,130 | | | $ | 1,302,509 | | | $ | 524,922 | |
The accompanying notes are an integral part of the financial statements.
200
Statements of Assets and Liabilities
October 31, 2024
| | | Global X
SuperIncome™
Preferred ETF | | | Global X
SuperDividend®
U.S. ETF | | | Global X MSCI
SuperDividend®
Emerging
Markets ETF | | | Global X
SuperDividend®
REIT ETF | |
| Assets: | | | | | | | | | | | | | | | | |
| Cost of Investments | | $ | 154,042,348 | | | $ | 558,710,893 | | | $ | 39,516,853 | | | $ | 212,949,752 | |
| Cost of Affiliated Investments | | | — | | | | 8,389,809 | | | | — | | | | — | |
| Cost of Repurchase Agreement | | | 4,816,121 | | | | 254,060 | | | | 1,294,739 | | | | — | |
| Investments, at Value | | $ | 156,813,913 | * | | $ | 630,974,249 | * | | $ | 36,146,870 | * | | $ | 218,632,035 | |
| Affiliated Investments, at Value | | | — | | | | 11,503,270 | | | | — | | | | — | |
| Repurchase Agreement, at Value | | | 4,816,121 | | | | 254,060 | | | | 1,294,739 | | | | — | |
| Cash | | | 229,464 | | | | — | | | | 27,049 | | | | 1,076,805 | |
| Foreign Currency, at Value | | | — | | | | — | | | | — | | | | 42 | |
| Dividend, Interest, and Securities Lending Income Receivable | | | 202,509 | | | | 3,188,487 | | | | 183,005 | | | | 701,698 | |
| Receivable for Capital Shares Sold | | | — | | | | 739,914 | | | | — | | | | — | |
| Receivable for Investment Securities Sold | | | — | | | | — | | | | 19,242 | | | | — | |
| Reclaim Receivable | | | — | | | | 5,320 | | | | — | | | | 194,638 | |
| Cash pledged as collateral on Futures Contracts | | | — | | | | — | | | | 3,586 | | | | 103,950 | |
| Due from Broker | | | 63,218 | | | | 484 | | | | — | | | | 5,750 | |
| Total Assets | | | 162,125,225 | | | | 646,665,784 | | | | 37,674,491 | | | | 220,714,918 | |
| Liabilities: | | | | | | | | | | | | | | | | |
| Obligation to Return Securities Lending Collateral | | | 11,312,257 | | | | 254,060 | | | | 1,294,739 | | | | — | |
| Payable due to Investment Adviser | | | 63,197 | | | | 247,238 | | | | 20,713 | | | | 108,427 | |
| Payable for Investment Securities Purchased | | | — | | | | 737,016 | | | | — | | | | — | |
| Accrued Foreign Capital Gains Tax on Appreciated Securities | | | — | | | | — | | | | 74,658 | | | | — | |
| Payable for Variation Margin on Futures Contracts | | | — | | | | — | | | | 520 | | | | 28,800 | |
| Due to Custodian | | | — | | | | 589,773 | | | | — | | | | — | |
| Custodian Fees Payable | | | 296 | | | | — | | | | 60 | | | | 1,197 | |
| Due to Broker | | | 40,049 | | | | 2,935 | | | | 50,277 | | | | 621 | |
| Total Liabilities | | | 11,415,799 | | | | 1,831,022 | | | | 1,440,967 | | | | 139,045 | |
| Net Assets | | $ | 150,709,426 | | | $ | 644,834,762 | | | $ | 36,233,524 | | | $ | 220,575,873 | |
| Net Assets Consist of: | | | | | | | | | | | | | | | | |
| Paid-in Capital | | $ | 257,943,211 | | | $ | 803,918,706 | | | $ | 68,016,841 | | | $ | 513,741,643 | |
| Total Accumulated Losses | | | (107,233,785 | ) | | | (159,083,944 | ) | | | (31,783,317 | ) | | | (293,165,770 | ) |
| Net Assets | | $ | 150,709,426 | | | $ | 644,834,762 | | | $ | 36,233,524 | | | $ | 220,575,873 | |
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value) | | | 15,720,000 | | | | 34,860,000 | | | | 1,469,181 | | | | 10,299,193 | |
| Net Asset Value, Offering and Redemption Price Per Share | | | $9.59 | | | | $18.50 | | | | $24.66 | | | | $21.42 | |
| *Includes Market Value of Securities on Loan | | $ | 11,072,136 | | | $ | 241,016 | | | $ | 1,415,488 | | | $ | — | |
The accompanying notes are an integral part of the financial statements.
201
Statements of Assets and Liabilities
October 31, 2024
| | | Global X
Renewable
Energy Producers
ETF | | | Global X S&P
500® Catholic
Values ETF | | | Global X MSCI
SuperDividend®
EAFE ETF | | | Global X
E-commerce ETF | |
| Assets: | | | | | | | | | | | | | | | | |
| Cost of Investments | | $ | 61,639,162 | | | $ | 634,909,848 | | | $ | 10,794,248 | | | $ | 61,097,446 | |
| Cost of Repurchase Agreement | | | 1,288,968 | | | | — | | | | — | | | | 3,808,796 | |
| Cost (Proceeds) of Foreign Currency | | | 345,529 | | | | — | | | | 9,972 | | | | — | |
| Investments, at Value | | $ | 33,830,414 | * | | $ | 898,426,676 | | | $ | 10,694,345 | | | $ | 56,211,387 | * |
| Repurchase Agreement, at Value | | | 1,288,968 | | | | — | | | | — | | | | 3,808,796 | |
| Cash | | | 140,671 | | | | 808,804 | | | | 6,580 | | | | 34,513 | |
| Foreign Currency, at Value | | | 340,647 | | | | — | | | | 9,962 | | | | — | |
| Reclaim Receivable | | | 111,620 | | | | 3,708 | | | | 94,582 | | | | — | |
| Receivable for Investment Securities Sold | | | 66,990 | | | | — | | | | — | | | | — | |
| Dividend, Interest, and Securities Lending Income Receivable | | | 50,457 | | | | 501,412 | | | | 30,217 | | | | 9,920 | |
| Unrealized Appreciation on Spot Contracts | | | — | | | | — | | | | 114 | | | | — | |
| Due from Broker | | | 17,761 | | | | 6,695 | | | | — | | | | — | |
| Total Assets | | | 35,847,528 | | | | 899,747,295 | | | | 10,835,800 | | | | 60,064,616 | |
| Liabilities: | | | | | | | | | | | | | | | | |
| Obligation to Return Securities Lending Collateral | | | 1,288,968 | | | | — | | | | — | | | | 3,808,796 | |
| Payable for Investment Securities Purchased | | | 485,228 | | | | — | | | | — | | | | — | |
| Payable due to Investment Adviser | | | 19,771 | | | | 224,197 | | | | 4,704 | | | | 24,322 | |
| Unrealized Depreciation on Spot Contracts | | | 1,307 | | | | — | | | | — | | | | — | |
| Custodian Fees Payable | | | 6 | | | | — | | | | 21 | | | | 15 | |
| Due to Broker | | | 70,821 | | | | 4,387 | | | | — | | | | — | |
| Total Liabilities | | | 1,866,101 | | | | 228,584 | | | | 4,725 | | | | 3,833,133 | |
| Net Assets | | $ | 33,981,427 | | | $ | 899,518,711 | | | $ | 10,831,075 | | | $ | 56,231,483 | |
| Net Assets Consist of: | | | | | | | | | | | | | | | | |
| Paid-in Capital | | $ | 78,467,958 | | | $ | 651,239,859 | | | $ | 13,402,083 | | | $ | 102,913,823 | |
| Total Distributable Earnings (Accumulated Losses) | | | (44,486,531 | ) | | | 248,278,852 | | | | (2,571,008 | ) | | | (46,682,340 | ) |
| Net Assets | | $ | 33,981,427 | | | $ | 899,518,711 | | | $ | 10,831,075 | | | $ | 56,231,483 | |
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value) | | | 3,490,000 | | | | 13,090,000 | | | | 730,000 | | | | 2,110,002 | |
| Net Asset Value, Offering and Redemption Price Per Share | | | $9.74 | | | | $68.72 | | | | $14.84 | | | | $26.65 | |
| *Includes Market Value of Securities on Loan | | $ | 1,177,656 | | | $ | — | | | $ | — | | | $ | 3,706,230 | |
The accompanying notes are an integral part of the financial statements.
202
Statements of Assets and Liabilities
October 31, 2024
| | | Global X S&P
Catholic Values
Developed ex-
U.S. ETF | | | Global X
NASDAQ 100®
Tail Risk ETF | | | Global X
NASDAQ 100®
Collar 95-110
ETF | | | Global X S&P
500® Tail Risk
ETF | |
| Assets: | | | | | | | | | | | | | | | | |
| Cost of Investments | | $ | 12,243,011 | | | $ | 2,289,336 | | | $ | 1,472,415 | | | $ | 2,079,460 | |
| Cost (Proceeds) of Foreign Currency | | | 107 | | | | — | | | | — | | | | — | |
| Investments, at Value | | $ | 12,687,991 | | | $ | 2,705,539 | | | $ | 1,809,179 | | | $ | 2,569,359 | |
| Cash | | | 3,914 | | | | 1,901 | | | | 1,736 | | | | 1,528 | |
| Foreign Currency, at Value | | | 103 | | | | — | | | | — | | | | — | |
| Dividend, Interest, and Securities Lending Income Receivable | | | 24,757 | | | | 288 | | | | 190 | | | | 1,339 | |
| Reclaim Receivable | | | 16,469 | | | | — | | | | — | | | | 10 | |
| Total Assets | | | 12,733,234 | | | | 2,707,728 | | | | 1,811,105 | | | | 2,572,236 | |
| Liabilities: | | | | | | | | | | | | | | | | |
| Payable due to Investment Adviser | | | 3,811 | | | | 582 | | | | 387 | | | | 553 | |
| Options Written at Value (Premiums received $–, $–, $14,672 and $–, respectively) | | | — | | | | — | | | | 7,200 | | | | — | |
| Custodian Fees Payable | | | 50 | | | | — | | | | — | | | | — | |
| Due to Broker | | | 191 | | | | — | | | | — | | | | — | |
| Total Liabilities | | | 4,052 | | | | 582 | | | | 7,587 | | | | 553 | |
| Net Assets | | $ | 12,729,182 | | | $ | 2,707,146 | | | $ | 1,803,518 | | | $ | 2,571,683 | |
| Net Assets Consist of: | | | | | | | | | | | | | | | | |
| Paid-in Capital | | $ | 12,665,710 | | | $ | 2,719,642 | | | $ | 1,655,255 | | | $ | 2,133,037 | |
| Total Distributable Earnings (Accumulated Losses) | | | 63,472 | | | | (12,496 | ) | | | 148,263 | | | | 438,646 | |
| Net Assets | | $ | 12,729,182 | | | $ | 2,707,146 | | | $ | 1,803,518 | | | $ | 2,571,683 | |
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value) | | | 410,000 | | | | 90,000 | | | | 60,000 | | | | 80,000 | |
| Net Asset Value, Offering and Redemption Price Per Share | | | $31.05 | | | | $30.08 | | | | $30.06 | | | | $32.15 | |
The accompanying notes are an integral part of the financial statements.
203
Statements of Assets and Liabilities
October 31, 2024
| | | Global X S&P
500® Collar 95-
110 ETF | | | Global X
Disruptive
Materials ETF | | | Global X Russell
2000 ETF | |
| Assets: | | | | | | | | | | | | |
| Cost of Investments | | $ | 1,543,705 | | | $ | 6,733,703 | | | $ | 1,345,547,477 | |
| Cost of Affiliated Investments | | | — | | | | — | | | | 3,091,029 | |
| Cost of Repurchase Agreement | | | — | | | | — | | | | 10,205,955 | |
| Cost (Proceeds) of Foreign Currency | | | — | | | | (542 | ) | | | — | |
| Investments, at Value | | $ | 1,917,095 | | | $ | 5,959,018 | | | $ | 1,441,142,088 | * |
| Affiliated Investments, at Value | | | — | | | | — | | | | 4,305,803 | |
| Repurchase Agreement, at Value | | | — | | | | — | | | | 10,205,955 | |
| Cash | | | 1,399 | | | | 5,535 | | | | 2,203,460 | |
| Foreign Currency, at Value | | | — | | | | 538 | | | | — | |
| Receivable for Investment Securities Sold | | | 322,960 | | | | — | | | | 495,246 | |
| Dividend, Interest, and Securities Lending Income Receivable | | | 1,158 | | | | 3,153 | | | | 467,720 | |
| Reclaim Receivable | | | 9 | | | | 462 | | | | 1,529 | |
| Cash pledged as collateral on Futures Contracts | | | — | | | | — | | | | 250,800 | |
| Total Assets | | | 2,242,621 | | | | 5,968,706 | | | | 1,459,072,601 | |
| Liabilities: | | | | | | | | | | | | |
| Obligation to Return Securities Lending Collateral | | | — | | | | — | | | | 23,972,071 | |
| Payable for Capital Shares Redeemed | | | 319,808 | | | | — | | | | — | |
| Payable for Investment Securities Purchased | | | 2,952 | | | | — | | | | — | |
| Options Written at Value (Premiums received $3,289, $– and $–, respectively) | | | 1,496 | | | | — | | | | — | |
| Payable due to Investment Adviser | | | 480 | | | | 2,993 | | | | 98,822 | |
| Overdraft of Foreign Currency | | | — | | | | 538 | | | | — | |
| Payable for Variation Margin on Futures Contracts | | | — | | | | — | | | | 58,066 | |
| Custodian Fees Payable | | | — | | | | 2 | | | | 162 | |
| Due to Broker | | | — | | | | 538 | | | | 3,372 | |
| Total Liabilities | | | 324,736 | | | | 4,071 | | | | 24,132,493 | |
| Net Assets | | $ | 1,917,885 | | | $ | 5,964,635 | | | $ | 1,434,940,108 | |
| Net Assets Consist of: | | | | | | | | | | | | |
| Paid-in Capital | | $ | 1,619,839 | | | $ | 8,686,248 | | | $ | 1,337,096,556 | |
| Total Distributable Earnings (Accumulated Losses) | | | 298,046 | | | | (2,721,613 | ) | | | 97,843,552 | |
| Net Assets | | $ | 1,917,885 | | | $ | 5,964,635 | | | $ | 1,434,940,108 | |
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value) | | | 60,000 | | | | 370,000 | | | | 16,730,000 | |
| Net Asset Value, Offering and Redemption Price Per Share | | | $31.96 | | | | $16.12 | | | | $85.77 | |
| *Includes Market Value of Securities on Loan | | $ | — | | | $ | — | | | $ | 22,479,594 | |
The accompanying notes are an integral part of the financial statements.
204
Statements of Operations
For the Year Ended October 31, 2024
| | | Global X
Lithium &
Battery Tech
ETF | | Global X
SuperDividend®
ETF | | Global X Social
Media ETF | | Global X Guru®
Index ETF |
| Investment Income: | | | | | | | | | | | | | | | | |
| Dividend Income | | $ | 19,812,365 | | | $ | 76,559,294 | | | $ | 783,927 | | | $ | 419,696 | |
| Interest Income | | | 220,811 | | | | 125,774 | | | | 9,087 | | | | 4,067 | |
| Security Lending Income | | | 5,611,344 | | | | 1,294,124 | | | | 313,618 | | | | 73,949 | |
| Less: Foreign Taxes Withheld | | | (603,498 | ) | | | (2,596,122 | ) | | | (17,981 | ) | | | (1,578 | ) |
| Total Investment Income | | | 25,041,022 | | | | 75,383,070 | | | | 1,088,651 | | | | 496,134 | |
| Expenses: | | | | | | | | | | | | | | | | |
| Supervision and Administration Fees(1) | | | 11,769,196 | | | | 4,460,562 | | | | 937,335 | | | | 332,193 | |
| Custodian Fees(2) | | | 69,921 | | | | 4,782 | | | | 2,051 | | | | 372 | |
| Total Expenses | | | 11,839,117 | | | | 4,465,344 | | | | 939,386 | | | | 332,565 | |
| Waiver of Supervision and Administration Fees | | | — | | | | (4,999 | ) | | | — | | | | — | |
| Net Expenses | | | 11,839,117 | | | | 4,460,345 | | | | 939,386 | | | | 332,565 | |
| Net Investment Income | | | 13,201,905 | | | | 70,922,725 | | | | 149,265 | | | | 163,569 | |
| Net Realized Gain (Loss) on: | | | | | | | | | | | | | | | | |
| Investments(3) | | | (193,065,272 | ) | | | (22,104,376 | ) | | | (11,450,131 | ) | | | 8,196,765 | |
| Futures Contracts | | | — | | | | 110,327 | | | | — | | | | — | |
| Foreign Currency Transactions | | | (397,569 | ) | | | (1,020,906 | ) | | | (14,723 | ) | | | — | |
| Net Realized Gain (Loss) | | | (193,462,841 | ) | | | (23,014,955 | ) | | | (11,464,854 | ) | | | 8,196,765 | |
| Net Change in Unrealized Appreciation (Depreciation) on: | | | | | | | | | | | | | | | | |
| Investments | | | 39,473,675 | | | | 91,770,552 | | | | 39,130,427 | | | | 7,367,835 | |
| Futures Contracts | | | — | | | | (77,629 | ) | | | — | | | | — | |
| Foreign Currency Translations | | | 62,979 | | | | 394,692 | | | | (1,193 | ) | | | — | |
| Net Change in Unrealized Appreciation (Depreciation) | | | 39,536,654 | | | | 92,087,615 | | | | 39,129,234 | | | | 7,367,835 | |
| Net Realized and Unrealized Gain (Loss) | | | (153,926,187 | ) | | | 69,072,660 | | | | 27,664,380 | | | | 15,564,600 | |
| Net Increase (Decrease) in Net Assets Resulting from Operations | | $ | (140,724,282 | ) | | $ | 139,995,385 | | | $ | 27,813,645 | | | $ | 15,728,169 | |
| (1) | The Supervision and Administration fees includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in the Notes to Financial Statements.) |
| (2) | See Note 2 in the Notes to Financial Statements. |
| (3) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in the Notes to Financial Statements.) |
The accompanying notes are an integral part of the financial statements.
205
Statements of Operations
For the Year Ended October 31, 2024
| | | Global X
SuperIncome™
Preferred ETF | | Global X
SuperDividend®
U.S. ETF | | Global X MSCI
SuperDividend®
Emerging
Markets ETF | | Global X
SuperDividend®
REIT ETF |
| Investment Income: | | | | | | | | | | | | | | | | |
| Dividend Income | | $ | 10,040,855 | | | $ | 29,091,505 | | | $ | 3,585,506 | | | $ | 14,931,030 | |
| Interest Income | | | 19,756 | | | | 42,376 | | | | 6,317 | | | | 19,845 | |
| Security Lending Income | | | 107,555 | | | | 23,523 | | | | 3,488 | | | | — | |
| Less: Foreign Taxes Withheld | | | — | | | | — | | | | (406,754 | ) | | | (443,946 | ) |
| Total Investment Income | | | 10,168,166 | | | | 29,157,404 | | | | 3,188,557 | | | | 14,506,929 | |
| Expenses: | | | | | | | | | | | | | | | | |
| Supervision and Administration Fees(1) | | | 761,481 | | | | 2,774,047 | | | | 281,894 | | | | 1,298,852 | |
| Custodian Fees(2) | | | 2,208 | | | | 21,105 | | | | 3,404 | | | | 9,176 | |
| Total Expenses | | | 763,689 | | | | 2,795,152 | | | | 285,298 | | | | 1,308,028 | |
| Net Investment Income | | | 9,404,477 | | | | 26,362,252 | | | | 2,903,259 | | | | 13,198,901 | |
| Net Realized Gain (Loss) on: | | | | | | | | | | | | | | | | |
| Investments(3) | | | 1,863,914 | | | | (15,060,834 | ) | | | 2,697,298 | | | | (42,672,389 | ) |
| Affiliated Investments | | | — | | | | 667,396 | | | | — | | | | — | |
| Futures Contracts | | | — | | | | — | | | | (19,162 | ) | | | 196,399 | |
| Foreign Currency Transactions | | | — | | | | (490 | ) | | | (341,832 | ) | | | (95,649 | ) |
| Foreign Capital Gains Tax | | | — | | | | — | | | | (139,748 | ) | | | — | |
| Net Realized Gain (Loss) | | | 1,863,914 | | | | (14,393,928 | ) | | | 2,196,556 | | | | (42,571,639 | ) |
| Net Change in Unrealized Appreciation (Depreciation) on: | | | | | | | | | | | | | | | | |
| Investments | | | 23,040,899 | | | | 129,537,971 | | | | 2,144,756 | | | | 78,509,389 | |
| Affiliated Investments | | | — | | | | 1,162,602 | | | | — | | | | — | |
| Futures Contracts | | | — | | | | — | | | | (3,092 | ) | | | (53,446 | ) |
| Foreign Capital Gains Tax on | | | | | | | | | | | | | | | | |
| Appreciated Securities | | | — | | | | — | | | | (43,793 | ) | | | — | |
| Foreign Currency Translations | | | — | | | | — | | | | 3,960 | | | | 75,523 | |
| Net Change in Unrealized Appreciation (Depreciation) | | | 23,040,899 | | | | 130,700,573 | | | | 2,101,831 | | | | 78,531,466 | |
| Net Realized and Unrealized Gain (Loss) | | | 24,904,813 | | | | 116,306,645 | | | | 4,298,387 | | | | 35,959,827 | |
| Net Increase in Net Assets Resulting from Operations | | $ | 34,309,290 | | | $ | 142,668,897 | | | $ | 7,201,646 | | | $ | 49,158,728 | |
| (1) | The Supervision and Administration fees includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in the Notes to Financial Statements.) |
| (2) | See Note 2 in the Notes to Financial Statements. |
| (3) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in the Notes to Financial Statements.) |
The accompanying notes are an integral part of the financial statements.
206
Statements of Operations
For the Year Ended October 31, 2024
| | | Global X
Renewable
Energy
Producers ETF | | Global X S&P
500® Catholic
Values ETF | | Global X MSCI
SuperDividend®
EAFE ETF | | Global X
E-commerce
ETF |
| Investment Income: | | | | | | | | | | | | | | | | |
| Dividend Income | | $ | 851,830 | | | $ | 11,653,384 | | | $ | 769,330 | | | $ | 478,328 | |
| Interest Income | | | 2,315 | | | | 39,234 | | | | 603 | | | | 3,180 | |
| Security Lending Income | | | 13,298 | | | | — | | | | — | | | | 34,964 | |
| Less: Foreign Taxes Withheld | | | (113,262 | ) | | | (3,282 | ) | | | (74,720 | ) | | | (4,474 | ) |
| Total Investment Income | | | 754,181 | | | | 11,689,336 | | | | 695,213 | | | | 511,998 | |
| Expenses: | | | | | | | | | | | | | | | | |
| Supervision and Administration Fees(1) | | | 264,343 | | | | 2,416,278 | | | | 58,525 | | | | 336,869 | |
| Custodian Fees(2) | | | 888 | | | | 811 | | | | 386 | | | | 125 | |
| Total Expenses | | | 265,231 | | | | 2,417,089 | | | | 58,911 | | | | 336,994 | |
| Net Investment Income | | | 488,950 | | | | 9,272,247 | | | | 636,302 | | | | 175,004 | |
| Net Realized Gain (Loss) on: | | | | | | | | | | | | | | | | |
| Investments(3) | | | (8,604,638 | ) | | | 44,965,062 | | | | 495,422 | | | | (7,254,308 | ) |
| Foreign Currency Transactions | | | (17,843 | ) | | | — | | | | 23 | | | | 1,133 | |
| Net Realized Gain (Loss) | | | (8,622,481 | ) | | | 44,965,062 | | | | 495,445 | | | | (7,253,175 | ) |
| Net Change in Unrealized Appreciation (Depreciation) on: | | | | | | | | | | | | | | | | |
| Investments | | | 11,463,479 | | | | 192,334,216 | | | | 990,125 | | | | 37,703,762 | |
| Foreign Currency Translations | | | (2,956 | ) | | | — | | | | 2,957 | | | | — | |
| Net Change in Unrealized Appreciation (Depreciation) | | | 11,460,523 | | | | 192,334,216 | | | | 993,082 | | | | 37,703,762 | |
| Net Realized and Unrealized Gain (Loss) | | | 2,838,042 | | | | 237,299,278 | | | | 1,488,527 | | | | 30,450,587 | |
| Net Increase in Net Assets Resulting from Operations | | $ | 3,326,992 | | | $ | 246,571,525 | | | $ | 2,124,829 | | | $ | 30,625,591 | |
| (1) | The Supervision and Administration fees includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in the Notes to Financial Statements.) |
| (2) | See Note 2 in the Notes to Financial Statements. |
| (3) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in the Notes to Financial Statements.) |
The accompanying notes are an integral part of the financial statements.
207
Statements of Operations
For the Year Ended October 31, 2024
| | | Global X S&P
Catholic Values
Developed ex-
U.S. ETF | | Global X
NASDAQ 100®
Tail Risk ETF | | Global X
NASDAQ 100®
Collar 95-110
ETF | | Global X S&P
500® Tail Risk
ETF |
| Investment Income: | | | | | | | | | | | | | | | | |
| Dividend Income | | $ | 441,314 | | | $ | 19,294 | | | $ | 18,900 | | | $ | 39,546 | |
| Interest Income | | | 1,004 | | | | 115 | | | | 140 | | | | 146 | |
| Less: Foreign Taxes Withheld | | | (48,140 | ) | | | (42 | ) | | | (39 | ) | | | (10 | ) |
| Total Investment Income | | | 394,178 | | | | 19,367 | | | | 19,001 | | | | 39,682 | |
| Expenses: | | | | | | | | | | | | | | | | |
| Supervision and Administration Fees(1) | | | 49,416 | | | | 5,635 | | | | 5,223 | | | | 6,893 | |
| Custodian Fees(2) | | | 264 | | | | — | | | | 28 | | | | — | |
| Total Expenses | | | 49,680 | | | | 5,635 | | | | 5,251 | | | | 6,893 | |
| Net Investment Income | | | 344,498 | | | | 13,732 | | | | 13,750 | | | | 32,789 | |
| Net Realized Gain (Loss) on: | | | | | | | | | | | | | | | | |
| Investments(3) | | | 1,812,814 | | | | 31,347 | | | | 110,065 | | | | 185,160 | |
| Purchased Options | | | — | | | | (69,819 | ) | | | 20,521 | | | | (51,871 | ) |
| Written Options | | | — | | | | — | | | | (121,089 | ) | | | — | |
| Foreign Currency Transactions | | | (403 | ) | | | — | | | | — | | | | — | |
| Net Realized Gain (Loss) | | | 1,812,411 | | | | (38,472 | ) | | | 9,497 | | | | 133,289 | |
| Net Change in Unrealized Appreciation (Depreciation) on: | | | | | | | | | | | | | | | | |
| Investments | | | 1,187,674 | | | | 566,034 | | | | 545,097 | | | | 652,578 | |
| Purchased Options | | | — | | | | (12,582 | ) | | | (34,552 | ) | | | (10,832 | ) |
| Written Options | | | — | | | | — | | | | (4,958 | ) | | | — | |
| Foreign Currency Translations | | | (222 | ) | | | — | | | | — | | | | — | |
| Net Change in Unrealized Appreciation (Depreciation) | | | 1,187,452 | | | | 553,452 | | | | 505,587 | | | | 641,746 | |
| Net Realized and Unrealized Gain (Loss) | | | 2,999,863 | | | | 514,980 | | | | 515,084 | | | | 775,035 | |
| Net Increase in Net Assets Resulting from Operations | | $ | 3,344,361 | | | $ | 528,712 | | | $ | 528,834 | | | $ | 807,824 | |
| (1) | The Supervision and Administration fees includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in the Notes to Financial Statements.) |
| (2) | See Note 2 in the Notes to Financial Statements. |
| (3) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in the Notes to Financial Statements.) |
The accompanying notes are an integral part of the financial statements.
208
Statements of Operations
For the Year/Period Ended October 31, 2024
| | | Global X S&P
500® Collar 95-
110 ETF | | Global X
Disruptive
Materials ETF | | Global X Russell
2000 ETF (1) |
| Investment Income: | | | | | | | | | | | | |
| Dividend Income | | $ | 33,260 | | | $ | 95,297 | | | $ | 7,369,403 | |
| Interest Income | | | 121 | | | | 796 | | | | 3,785 | |
| Security Lending Income | | | — | | | | — | | | | 352,922 | |
| Less: Foreign Taxes Withheld | | | (9 | ) | | | (8,462 | ) | | | (12,292 | ) |
| Total Investment Income | | | 33,372 | | | | 87,631 | | | | 7,713,818 | |
| Expenses: | | | | | | | | | | | | |
| Supervision and Administration Fees(2) | | | 5,874 | | | | 36,415 | | | | 427,607 | |
| Custodian Fees(3) | | | 5 | | | | 87 | | | | 1,659 | |
| Total Expenses | | | 5,879 | | | | 36,502 | | | | 429,266 | |
| Net Investment Income | | | 27,493 | | | | 51,129 | | | | 7,284,552 | |
| Net Realized Gain (Loss) on: | | | | | | | | | | | | |
| Investments(4) | | | 164,489 | | | | (871,328 | ) | | | 27,701,396 | |
| Affiliated Investments | | | — | | | | — | | | | 52,156 | |
| Purchased Options | | | (86,950 | ) | | | — | | | | — | |
| Written Options | | | 11,977 | | | | — | | | | — | |
| Futures Contracts | | | — | | | | — | | | | (26,200 | ) |
| Foreign Currency Transactions | | | — | | | | (1,103 | ) | | | — | |
| Net Realized Gain (Loss) | | | 89,516 | | | | (872,431 | ) | | | 27,727,352 | |
| Net Change in Unrealized Appreciation (Depreciation) on: | | | | | | | | | | | | |
| Investments | | | 549,662 | | | | 1,720,851 | | | | 95,594,611 | |
| Affiliated Investments | | | — | | | | — | | | | 1,214,774 | |
| Purchased Options | | | (33,618 | ) | | | — | | | | — | |
| Written Options | | | (602 | ) | | | — | | | | — | |
| Futures Contracts | | | — | | | | — | | | | (12,072 | ) |
| Foreign Currency Translations | | | — | | | | (132 | ) | | | — | |
| Net Change in Unrealized Appreciation (Depreciation) | | | 515,442 | | | | 1,720,719 | | | | 96,797,313 | |
| Net Realized and Unrealized Gain (Loss) | | | 604,958 | | | | 848,288 | | | | 124,524,665 | |
| Net Increase in Net Assets Resulting from Operations | | $ | 632,451 | | | $ | 899,417 | | | $ | 131,809,217 | |
| (1) | The Fund commenced operations on June 4, 2024. |
| (2) | The Supervision and Administration fees includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in the Notes to Financial Statements.) |
| (3) | See Note 2 in the Notes to Financial Statements. |
| (4) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in the Notes to Financial Statements.) |
The accompanying notes are an integral part of the financial statements.
209
Statements of Changes in Net Assets
| | | Global X Lithium & Battery Tech
ETF | | Global X SuperDividend® ETF |
| | | Year Ended
October 31, 2024 | | Year Ended
October 31, 2023 | | Year Ended
October 31, 2024 | | Year Ended
October 31,
2023† |
| Operations: | | | | | | | | | | | | | | | | |
| Net Investment Income | | $ | 13,201,905 | | | $ | 30,111,235 | | | $ | 70,922,725 | | | $ | 68,823,124 | |
| Net Realized Gain (Loss) | | | (193,462,841 | ) | | | (290,890,467 | ) | | | (23,014,955 | ) | | | (178,018,530 | ) |
| Net Change in Unrealized Appreciation (Depreciation) | | | 39,536,654 | | | | (678,297,668 | ) | | | 92,087,615 | | | | 101,559,825 | |
| Net Increase (Decrease) in Net Assets Resulting from Operations | | | (140,724,282 | ) | | | (939,076,900 | ) | | | 139,995,385 | | | | (7,635,581 | ) |
| Distributions: | | | (22,783,171 | ) | | | (38,976,032 | ) | | | (82,970,679 | ) | | | (71,554,165 | ) |
| Return of Capital: | | | — | | | | — | | | | — | | | | (17,865,200 | ) |
| Capital Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | 116,187,325 | | | | 18,655,425 | | | | 50,972,077 | | | | 134,701,260 | |
| Redeemed | | | (773,318,360 | ) | | | (844,321,195 | ) | | | (18,085,050 | ) | | | (14,814,220 | ) |
| Increase (Decrease) in Net Assets from Capital Share Transactions | | | (657,131,035 | ) | | | (825,665,770 | ) | | | 32,887,027 | | | | 119,887,040 | |
| Total Increase (Decrease) in Net Assets | | | (820,638,488 | ) | | | (1,803,718,702 | ) | | | 89,911,733 | | | | 22,832,094 | |
| Net Assets: | | | | | | | | | | | | | | | | |
| Beginning of Year | | | 2,095,790,645 | | | | 3,899,509,347 | | | | 699,110,630 | | | | 676,278,536 | |
| End of Year | | $ | 1,275,152,157 | | | $ | 2,095,790,645 | | | $ | 789,022,363 | | | $ | 699,110,630 | |
| Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | 2,480,000 | | | | 270,000 | | | | 2,340,000 | | | | 5,620,000 | |
| Redeemed | | | (17,400,000 | ) | | | (14,070,000 | ) | | | (800,000 | ) | | | (613,921 | ) |
| Net Increase (Decrease) in Shares Outstanding from Share Transactions | | | (14,920,000 | ) | | | (13,800,000 | ) | | | 1,540,000 | | | | 5,006,079 | |
† Share transactions have been adjusted to reflect the effect of a 1 for 3 reverse share split on December 19, 2022. (See Note 9 in the Notes to Financial Statements.)
The accompanying notes are an integral part of the financial statements.
210
Statements of Changes in Net Assets
| | | Global X Social Media ETF | | Global X Guru® Index ETF |
| | | Year Ended
October 31, 2024 | | Year Ended
October 31, 2023 | | Year Ended
October 31, 2024 | | Year Ended
October 31, 2023 |
| Operations: | | | | | | | | | | | | | | | | |
| Net Investment Income | | $ | 149,265 | | | $ | 726,536 | | | $ | 163,569 | | | $ | 163,577 | |
| Net Realized Gain (Loss) | | | (11,464,854 | ) | | | (23,504,299 | ) | | | 8,196,765 | | | | (2,729,202 | ) |
| Net Change in Unrealized Appreciation (Depreciation) | | | 39,129,234 | | | | 64,247,712 | | | | 7,367,835 | | | | 3,924,121 | |
| Net Increase in Net Assets Resulting from Operations | | | 27,813,645 | | | | 41,469,949 | | | | 15,728,169 | | | | 1,358,496 | |
| Distributions: | | | (378,226 | ) | | | (696,865 | ) | | | (217,907 | ) | | | (140,340 | ) |
| Return of Capital: | | | (173,861 | ) | | | — | | | | — | | | | (13,339 | ) |
| Capital Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | 16,870,837 | | | | 50,133,051 | | | | 29,444,581 | | | | — | |
| Redeemed | | | (65,429,755 | ) | | | (53,754,585 | ) | | | (41,717,193 | ) | | | (5,982,656 | ) |
| Decrease in Net Assets from Capital Share Transactions | | | (48,558,918 | ) | | | (3,621,534 | ) | | | (12,272,612 | ) | | | (5,982,656 | ) |
| Total Increase (Decrease) in Net Assets | | | (21,297,360 | ) | | | 37,151,550 | | | | 3,237,650 | | | | (4,777,839 | ) |
| Net Assets: | | | | | | | | | | | | | | | | |
| Beginning of Year | | | 140,396,996 | | | | 103,245,446 | | | | 41,757,248 | | | | 46,535,087 | |
| End of Year | | $ | 119,099,636 | | | $ | 140,396,996 | | | $ | 44,994,898 | | | $ | 41,757,248 | |
| Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | 410,000 | | | | 1,400,000 | | | | 720,000 | | | | — | |
| Redeemed | | | (1,610,000 | ) | | | (1,510,000 | ) | | | (1,010,000 | ) | | | (170,000 | ) |
| Net Decrease in Shares Outstanding from Share Transactions | | | (1,200,000 | ) | | | (110,000 | ) | | | (290,000 | ) | | | (170,000 | ) |
The accompanying notes are an integral part of the financial statements.
211
Statements of Changes in Net Assets
| | | Global X SuperIncome™ Preferred
ETF | | Global X SuperDividend® U.S. ETF |
| | | Year Ended
October 31, 2024 | | Year Ended
October 31, 2023 | | Year Ended
October 31, 2024 | | Year Ended
October 31, 2023 |
| Operations: | | | | | | | | | | | | | | | | |
| Net Investment Income | | $ | 9,404,477 | | | $ | 12,482,160 | | | $ | 26,362,252 | | | $ | 24,850,832 | |
| Net Realized Gain (Loss) | | | 1,863,914 | | | | (35,344,694 | ) | | | (14,393,928 | ) | | | (40,314,161 | ) |
| Net Change in Unrealized Appreciation (Depreciation) | | | 23,040,899 | | | | 4,801,453 | | | | 130,700,573 | | | | (69,852,699 | ) |
| Net Increase (Decrease) in Net Assets Resulting from Operations | | | 34,309,290 | | | | (18,061,081 | ) | | | 142,668,897 | | | | (85,316,028 | ) |
| Distributions: | | | (9,677,017 | ) | | | (12,843,440 | ) | | | (38,896,520 | ) | | | (32,670,182 | ) |
| Return of Capital: | | | — | | | | — | | | | — | | | | (12,029,058 | ) |
| Capital Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | 51,586,318 | | | | 28,847,405 | | | | 52,943,209 | | | | 151,410,242 | |
| Redeemed | | | (82,999,264 | ) | | | (35,612,035 | ) | | | (102,780,324 | ) | | | (114,359,782 | ) |
| Increase (Decrease) in Net Assets from Capital Share Transactions | | | (31,412,946 | ) | | | (6,764,630 | ) | | | (49,837,115 | ) | | | 37,050,460 | |
| Total Increase (Decrease) in Net Assets | | | (6,780,673 | ) | | | (37,669,151 | ) | | | 53,935,262 | | | | (92,964,808 | ) |
| Net Assets: | | | | | | | | | | | | | | | | |
| Beginning of Year | | | 157,490,099 | | | | 195,159,250 | | | | 590,899,500 | | | | 683,864,308 | |
| End of Year | | $ | 150,709,426 | | | $ | 157,490,099 | | | $ | 644,834,762 | | | $ | 590,899,500 | |
| Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | 5,240,000 | | | | 2,990,000 | | | | 2,990,000 | | | | 8,650,000 | |
| Redeemed | | | (8,710,000 | ) | | | (3,980,000 | ) | | | (5,950,000 | ) | | | (6,490,000 | ) |
| Net Increase (Decrease) in Shares Outstanding from Share Transactions | | | (3,470,000 | ) | | | (990,000 | ) | | | (2,960,000 | ) | | | 2,160,000 | |
The accompanying notes are an integral part of the financial statements.
212
Statements of Changes in Net Assets
| | | Global X MSCI SuperDividend®
Emerging Markets ETF | | Global X SuperDividend® REIT
ETF |
| | | Year Ended
October 31, 2024 | | Year Ended
October 31,
2023† | | Year Ended
October 31, 2024 | | Year Ended
October 31,
2023† |
| Operations: | | | | | | | | | | | | | | | | |
| Net Investment Income | | $ | 2,903,259 | | | $ | 3,538,333 | | | $ | 13,198,901 | | | $ | 15,816,112 | |
| Net Realized Gain (Loss) | | | 2,196,556 | | | | (7,396,703 | ) | | | (42,571,639 | ) | | | (30,591,783 | ) |
| Net Change in Unrealized Appreciation (Depreciation) | | | 2,101,831 | | | | 9,203,211 | | | | 78,531,466 | | | | 769,596 | |
| Net Increase (Decrease) in Net Assets Resulting from Operations | | | 7,201,646 | | | | 5,344,841 | | | | 49,158,728 | | | | (14,006,075 | ) |
| Distributions: | | | (3,099,999 | ) | | | (3,319,170 | ) | | | (14,475,897 | ) | | | (13,547,728 | ) |
| Return of Capital: | | | — | | | | — | | | | (3,572,605 | ) | | | (6,960,250 | ) |
| Capital Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | 285,437 | | | | 2,345,719 | | | | 9,329,225 | | | | 15,653,093 | |
| Redeemed | | | (9,727,461 | ) | | | (1,965,623 | ) | | | (37,516,690 | ) | | | (50,140,564 | ) |
| Increase (Decrease) in Net Assets from Capital Share Transactions | | | (9,442,024 | ) | | | 380,096 | | | | (28,187,465 | ) | | | (34,487,471 | ) |
| Total Increase (Decrease) in Net Assets | | | (5,340,377 | ) | | | 2,405,767 | | | | 2,922,761 | | | | (69,001,524 | ) |
| Net Assets: | | | | | | | | | | | | | | | | |
| Beginning of Year | | | 41,573,901 | | | | 39,168,134 | | | | 217,653,112 | | | | 286,654,636 | |
| End of Year | | $ | 36,233,524 | | | $ | 41,573,901 | | | $ | 220,575,873 | | | $ | 217,653,112 | |
| Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | 10,000 | | | | 96,667 | | | | 460,000 | | | | 740,000 | |
| Redeemed | | | (390,000 | ) | | | (80,819 | ) | | | (1,820,000 | ) | | | (2,324,140 | ) |
| Net Increase (Decrease) in Shares Outstanding from Share Transactions | | | (380,000 | ) | | | 15,848 | | | | (1,360,000 | ) | | | (1,584,140 | ) |
† Share transactions have been adjusted to reflect the effect of a 1 for 3 reverse share split on December 19, 2022. (See Note 9 in the Notes to Financial Statements.)
The accompanying notes are an integral part of the financial statements.
213
Statements of Changes in Net Assets
| | | Global X Renewable Energy
Producers ETF | | Global X S&P 500® Catholic Values
ETF |
| | | Year Ended
October 31, 2024 | | Year Ended
October 31, 2023 | | Year Ended
October 31, 2024 | | Year Ended
October 31, 2023 |
| Operations: | | | | | | | | | | | | | | | | |
| Net Investment Income | | $ | 488,950 | | | $ | 845,464 | | | $ | 9,272,247 | | | $ | 8,138,111 | |
| Net Realized Gain (Loss) | | | (8,622,481 | ) | | | (9,862,211 | ) | | | 44,965,062 | | | | 11,684,291 | |
| Net Change in Unrealized Appreciation (Depreciation) | | | 11,460,523 | | | | (10,198,855 | ) | | | 192,334,216 | | | | 30,978,489 | |
| Net Increase (Decrease) in Net Assets Resulting from Operations | | | 3,326,992 | | | | (19,215,602 | ) | | | 246,571,525 | | | | 50,800,891 | |
| Distributions: | | | (604,064 | ) | | | (839,231 | ) | | | (8,941,586 | ) | | | (7,699,184 | ) |
| Capital Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | — | | | | 2,633,738 | | | | 101,654,644 | | | | 119,238,821 | |
| Redeemed | | | (12,538,188 | ) | | | (29,751,744 | ) | | | (111,563,065 | ) | | | (39,830,981 | ) |
| Increase (Decrease) in Net Assets from Capital Share Transactions | | | (12,538,188 | ) | | | (27,118,006 | ) | | | (9,908,421 | ) | | | 79,407,840 | |
| Total Increase (Decrease) in Net Assets | | | (9,815,260 | ) | | | (47,172,839 | ) | | | 227,721,518 | | | | 122,509,547 | |
| Net Assets: | | | | | | | | | | | | | | | | |
| Beginning of Year | | | 43,796,687 | | | | 90,969,526 | | | | 671,797,193 | | | | 549,287,646 | |
| End of Year | | $ | 33,981,427 | | | $ | 43,796,687 | | | $ | 899,518,711 | | | $ | 671,797,193 | |
| Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | — | | | | 200,000 | | | | 1,590,000 | | | | 2,350,000 | |
| Redeemed | | | (1,220,000 | ) | | | (2,460,000 | ) | | | (1,700,000 | ) | | | (790,000 | ) |
| Net Increase (Decrease) in Shares Outstanding from Share Transactions | | | (1,220,000 | ) | | | (2,260,000 | ) | | | (110,000 | ) | | | 1,560,000 | |
The accompanying notes are an integral part of the financial statements.
214
Statements of Changes in Net Assets
| | | Global X MSCI SuperDividend®
EAFE ETF | | Global X E-commerce ETF |
| | | Year Ended
October 31, 2024 | | Year Ended
October 31, 2023 | | Year Ended
October 31, 2024 | | Year Ended
October 31, 2023 |
| Operations: | | | | | | | | | | | | | | | | |
| Net Investment Income (Loss) | | $ | 636,302 | | | $ | 638,408 | | | $ | 175,004 | | | $ | (11,415 | ) |
| Net Realized Gain (Loss) | | | 495,445 | | | | (834,267 | ) | | | (7,253,175 | ) | | | (17,240,809 | ) |
| Net Change in Unrealized Appreciation (Depreciation) | | | 993,082 | | | | 1,357,260 | | | | 37,703,762 | | | | 20,074,893 | |
| Net Increase in Net Assets Resulting from Operations | | | 2,124,829 | | | | 1,161,401 | | | | 30,625,591 | | | | 2,822,669 | |
| Distributions: | | | (677,906 | ) | | | (736,065 | ) | | | (154,261 | ) | | | — | |
| Return of Capital: | | | — | | | | — | | | | — | | | | (42,666 | ) |
| Capital Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | 4,727,233 | | | | 3,052,141 | | | | 2,421,200 | | | | 33,960,916 | |
| Redeemed | | | (5,425,057 | ) | | | (1,779,069 | ) | | | (38,729,592 | ) | | | (16,912,892 | ) |
| Increase (Decrease) in Net Assets from Capital Share Transactions | | | (697,824 | ) | | | 1,273,072 | | | | (36,308,392 | ) | | | 17,048,024 | |
| Total Increase (Decrease) in Net Assets | | | 749,099 | | | | 1,698,408 | | | | (5,837,062 | ) | | | 19,828,027 | |
| Net Assets: | | | | | | | | | | | | | | | | |
| Beginning of Year | | | 10,081,976 | | | | 8,383,568 | | | | 62,068,545 | | | | 42,240,518 | |
| End of Year | | $ | 10,831,075 | | | $ | 10,081,976 | | | $ | 56,231,483 | | | $ | 62,068,545 | |
| Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | 320,000 | | | | 220,000 | | | | 100,000 | | | | 1,830,000 | |
| Redeemed | | | (380,000 | ) | | | (130,000 | ) | | | (1,650,000 | ) | | | (960,000 | ) |
| Net Increase (Decrease) in Shares Outstanding from Share Transactions | | | (60,000 | ) | | | 90,000 | | | | (1,550,000 | ) | | | 870,000 | |
The accompanying notes are an integral part of the financial statements.
215
Statements of Changes in Net Assets
| | | Global X S&P Catholic Values
Developed ex-U.S. ETF | | Global X NASDAQ 100® Tail Risk
ETF |
| | | Year Ended
October 31, 2024 | | Year Ended
October 31, 2023 | | Year Ended
October 31, 2024 | | Year Ended
October 31, 2023 |
| Operations: | | | | | | | | | | | | | | | | |
| Net Investment Income | | $ | 344,498 | | | $ | 343,263 | | | $ | 13,732 | | | $ | 5,298 | |
| Net Realized Gain (Loss) | | | 1,812,411 | | | | (309,284 | ) | | | (38,472 | ) | | | (265,723 | ) |
| Net Change in Unrealized Appreciation (Depreciation) | | | 1,187,452 | | | | 257,408 | | | | 553,452 | | | | 517,504 | |
| Net Increase in Net Assets Resulting from Operations | | | 3,344,361 | | | | 291,387 | | | | 528,712 | | | | 257,079 | |
| Distributions: | | | (400,397 | ) | | | (253,178 | ) | | | (10,896 | ) | | | (4,771 | ) |
| Capital Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | 4,720,088 | | | | 8,854,084 | | | | 1,328,808 | | | | — | |
| Redeemed | | | (9,419,485 | ) | | | — | | | | (501,847 | ) | | | (797,923 | ) |
| Increase (Decrease) in Net Assets from Capital Share Transactions | | | (4,699,397 | ) | | | 8,854,084 | | | | 826,961 | | | | (797,923 | ) |
| Total Increase (Decrease) in Net Assets | | | (1,755,433 | ) | | | 8,892,293 | | | | 1,344,777 | | | | (545,615 | ) |
| Net Assets: | | | | | | | | | | | | | | | | |
| Beginning of Year | | | 14,484,615 | | | | 5,592,322 | | | | 1,362,369 | | | | 1,907,984 | |
| End of Year | | $ | 12,729,182 | | | $ | 14,484,615 | | | $ | 2,707,146 | | | $ | 1,362,369 | |
| Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | 150,000 | | | | 320,000 | | | | 50,000 | | | | — | |
| Redeemed | | | (300,000 | ) | | | — | | | | (20,000 | ) | | | (40,000 | ) |
| Net Increase (Decrease) in Shares Outstanding from Share Transactions | | | (150,000 | ) | | | 320,000 | | | | 30,000 | | | | (40,000 | ) |
The accompanying notes are an integral part of the financial statements.
216
Statements of Changes in Net Assets
| | | Global X NASDAQ 100® Collar
95-110 ETF | | Global X S&P 500® Tail Risk ETF |
| | | Year Ended
October 31, 2024 | | Year Ended
October 31, 2023 | | Year Ended
October 31, 2024 | | Year Ended
October 31, 2023 |
| Operations: | | | | | | | | | | | | | | | | |
| Net Investment Income | | $ | 13,750 | | | $ | 9,816 | | | $ | 32,789 | | | $ | 32,283 | |
| Net Realized Gain (Loss) | | | 9,497 | | | | (679,364 | ) | | | 133,289 | | | | (119,231 | ) |
| Net Change in Unrealized Appreciation (Depreciation) | | | 505,587 | | | | 881,750 | | | | 641,746 | | | | 292,159 | |
| Net Increase in Net Assets Resulting from Operations | | | 528,834 | | | | 212,202 | | | | 807,824 | | | | 205,211 | |
| Distributions: | | | (13,700 | ) | | | (8,877 | ) | | | (32,910 | ) | | | (32,745 | ) |
| Capital Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | — | | | | — | | | | 295,892 | | | | — | |
| Redeemed | | | (823,650 | ) | | | (1,171,831 | ) | | | (922,471 | ) | | | (766,526 | ) |
| Decrease in Net Assets from Capital Share Transactions | | | (823,650 | ) | | | (1,171,831 | ) | | | (626,579 | ) | | | (766,526 | ) |
| Total Increase (Decrease) in Net Assets | | | (308,516 | ) | | | (968,506 | ) | | | 148,335 | | | | (594,060 | ) |
| Net Assets: | | | | | | | | | | | | | | | | |
| Beginning of Year | | | 2,112,034 | | | | 3,080,540 | | | | 2,423,348 | | | | 3,017,408 | |
| End of Year | | $ | 1,803,518 | | | $ | 2,112,034 | | | $ | 2,571,683 | | | $ | 2,423,348 | |
| Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | — | | | | — | | | | 10,000 | | | | — | |
| Redeemed | | | (30,000 | ) | | | (50,000 | ) | | | (30,000 | ) | | | (30,000 | ) |
| Net Decrease in Shares Outstanding from Share Transactions | | | (30,000 | ) | | | (50,000 | ) | | | (20,000 | ) | | | (30,000 | ) |
The accompanying notes are an integral part of the financial statements.
217
Statements of Changes in Net Assets
| | | Global X S&P 500® Collar 95-110
ETF | | Global X Disruptive Materials ETF |
| | | Year Ended
October 31, 2024 | | Year Ended
October 31, 2023 | | Year Ended
October 31, 2024 | | Year Ended
October 31, 2023 |
| Operations: | | | | | | | | | | | | | | | | |
| Net Investment Income | | $ | 27,493 | | | $ | 36,472 | | | $ | 51,129 | | | $ | 101,617 | |
| Net Realized Gain (Loss) | | | 89,516 | | | | (287,823 | ) | | | (872,431 | ) | | | (861,308 | ) |
| Net Change in Unrealized Appreciation (Depreciation) | | | 515,442 | | | | 370,100 | | | | 1,720,719 | | | | (1,250,478 | ) |
| Net Increase (Decrease) in Net Assets Resulting from Operations | | | 632,451 | | | | 118,749 | | | | 899,417 | | | | (2,010,169 | ) |
| Distributions: | | | (28,907 | ) | | | (40,011 | ) | | | (77,577 | ) | | | (77,885 | ) |
| Capital Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | — | | | | — | | | | 564,782 | | | | 6,774,401 | |
| Redeemed | | | (906,822 | ) | | | (1,772,256 | ) | | | (3,105,834 | ) | | | (435,664 | ) |
| Increase (Decrease) in Net Assets from Capital Share Transactions | | | (906,822 | ) | | | (1,772,256 | ) | | | (2,541,052 | ) | | | 6,338,737 | |
| Total Increase (Decrease) in Net Assets | | | (303,278 | ) | | | (1,693,518 | ) | | | (1,719,212 | ) | | | 4,250,683 | |
| Net Assets: | | | | | | | | | | | | | | | | |
| Beginning of Year | | | 2,221,163 | | | | 3,914,681 | | | | 7,683,847 | | | | 3,433,164 | |
| End of Year | | $ | 1,917,885 | | | $ | 2,221,163 | | | $ | 5,964,635 | | | $ | 7,683,847 | |
| Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | — | | | | — | | | | 40,000 | | | | 370,000 | |
| Redeemed | | | (30,000 | ) | | | (70,000 | ) | | | (210,000 | ) | | | (20,000 | ) |
| Net Increase (Decrease) in Shares Outstanding from Share Transactions | | | (30,000 | ) | | | (70,000 | ) | | | (170,000 | ) | | | 350,000 | |
The accompanying notes are an integral part of the financial statements.
218
Statements of Changes in Net Assets
| | | Global X Russell
2000 ETF |
| | | Period Ended
October 31,
2024(1) |
| Operations: | | | | |
| Net Investment Income | | $ | 7,284,552 | |
| Net Realized Gain (Loss) | | | 27,727,352 | |
| Net Change in Unrealized Appreciation (Depreciation) | | | 96,797,313 | |
| Net Increase in Net Assets Resulting from Operations | | | 131,809,217 | |
| Distributions: | | | (5,855,188 | ) |
| Capital Share Transactions: | | | | |
| Issued | | | 1,614,350,981 | |
| Redeemed | | | (305,364,902 | ) |
| Increase in Net Assets from Capital Share Transactions | | | 1,308,986,079 | |
| Total Increase in Net Assets | | | 1,434,940,108 | |
| Net Assets: | | | | |
| Beginning of Period | | | — | |
| End of Period | | $ | 1,434,940,108 | |
| Share Transactions: | | | | |
| Issued | | | 20,380,000 | |
| Redeemed | | | (3,650,000 | ) |
| | | | | |
| Net Increase in Shares Outstanding from Share Transactions | | | 16,730,000 | |
| (1) | The Fund commenced operations on June 4, 2024. |
The accompanying notes are an integral part of the financial statements.
219
Page intentionally left blank.
220
Financial Highlights
| Selected Per Share Data & Ratios |
| For a Share Outstanding Throughout the Period |
| | | Net
Asset Value,
Beginning
of Period
($) | | Net Investment
Income (Loss)
($)* | | Net Realized
and Unrealized
Gain (Loss) on
Investments
($) | | Total from
Operations
($) | | Distribution
from Net
Investment
Income ($) | | Distribution
from Capital
Gains ($) | | Return of
Capital ($) |
| Global X Lithium & Battery Tech ETF | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2024 | | | 47.33 | | | | 0.37 | | | | (3.67 | ) | | | (3.30 | ) | | | (0.61 | ) | | | — | | | | — | |
| 2023 | | | 67.13 | | | | 0.58 | | | | (19.66 | ) | | | (19.08 | ) | | | (0.72 | ) | | | — | | | | — | |
| 2022 | | | 91.07 | | | | 0.26 | | | | (23.99 | ) | | | (23.73 | ) | | | (0.21 | ) | | | — | | | | — | |
| 2021 | | | 42.86 | | | | 0.12 | | | | 48.21 | | | | 48.33 | | | | (0.12 | ) | | | — | | | | — | |
| 2020 | | | 25.04 | | | | 0.40 | | | | 17.86 | | | | 18.26 | | | | (0.44 | ) | | | — | | | | — | |
| Global X SuperDividend® ETF | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2024 | | | 20.36 | | | | 2.03 | | | | 1.98 | | | | 4.01 | | | | (2.38 | ) | | | — | | | | — | |
| 2023(1) | | | 23.05 | | | | 2.11 | | | | (2.02 | ) | | | 0.09 | | | | (2.22 | ) | | | — | | | | (0.56 | ) |
| 2022(1) | | | 39.03 | | | | 2.31 | | | | (14.68 | ) | | | (12.37 | ) | | | (2.65 | ) | | | — | | | | (0.96 | ) |
| 2021(1) | | | 31.83 | | | | 2.82 | | | | 7.38 | | | | 10.20 | | | | (3.00 | ) | | | — | | | | — | |
| 2020(1) | | | 51.75 | | | | 2.58 | | | | (19.02 | ) | | | (16.44 | ) | | | (3.12 | ) | | | — | | | | (0.36 | ) |
| Global X Social Media ETF | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2024 | | | 34.75 | | | | 0.04 | | | | 7.31 | | | | 7.35 | | | | (0.11 | ) | | | — | | | | (0.05 | ) |
| 2023 | | | 24.88 | | | | 0.19 | | | | 9.87 | | | | 10.06 | | | | (0.19 | ) | | | — | | | | — | |
| 2022 | | | 61.26 | | | | 0.03 | | | | (36.29 | ) | | | (36.26 | ) | | | — | | | | — | | | | (0.12 | ) |
| 2021 | | | 51.95 | | | | (0.31 | ) | | | 9.62 | | | | 9.31 | | | | — | | | | — | | | | — | |
| 2020 | | | 31.92 | | | | (0.11 | ) | | | 20.14 | | | | 20.03 | | | | — | | | | — | | | | — | |
| | |
| * | Per share data calculated using average shares method. |
| ** | Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. |
| †† | Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers. |
| (1) | Per share amounts have been adjusted for a 1 for 3 reverse share split on December 19, 2022 (See Note 9 in the Notes to Financial Statements.) |
Amounts designated as “—” are either $0 or have been rounded to $0.
The accompanying notes are an integral part of the financial statements.
221
Financial Highlights
Total from
Distributions ($) | | Net
Asset Value,
End of
Period ($) | | Total
Return
(%)** | | Net Assets, End of
Period ($)(000) | | Ratio of Expenses
to Average Net
Assets (%) | | Ratio of Net
Investment Income
(Loss) to Average
Net Assets (%) | | Portfolio
Turnover Rate
(%)†† |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (0.61 | ) | | | 43.42 | | | | (7.04 | ) | | | 1,275,152 | | | | 0.75 | | | | 0.84 | | | | 22.87 | |
| | (0.72 | ) | | | 47.33 | | | | (28.63 | ) | | | 2,095,791 | | | | 0.75 | | | | 0.92 | | | | 19.76 | |
| | (0.21 | ) | | | 67.13 | | | | (26.10 | ) | | | 3,899,509 | | | | 0.75 | | | | 0.33 | | | | 38.73 | |
| | (0.12 | ) | | | 91.07 | | | | 112.89 | | | | 5,375,399 | | | | 0.75 | | | | 0.17 | | | | 39.09 | |
| | (0.44 | ) | | | 42.86 | | | | 73.82 | | | | 868,894 | | | | 0.75 | | | | 1.30 | | | | 65.14 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (2.38 | ) | | | 21.99 | | | | 20.42 | | | | 789,022 | | | | 0.58 | | | | 9.23 | | | | 92.54 | |
| | (2.78 | ) | | | 20.36 | | | | (0.31 | ) | | | 699,111 | | | | 0.58 | | | | 9.18 | | | | 91.59 | |
| | (3.61 | ) | | | 23.05 | | | | (33.80 | ) | | | 676,279 | | | | 0.61 | | | | 7.39 | | | | 91.10 | |
| | (3.00 | ) | | | 39.03 | | | | 32.21 | | | | 930,431 | | | | 0.58 | | | | 6.98 | | | | 82.37 | |
| | (3.48 | ) | | | 31.83 | | | | (32.80 | ) | | | 626,871 | | | | 0.59 | | | | 6.62 | | | | 124.55 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (0.16 | ) | | | 41.94 | | | | 21.15 | | | | 119,100 | | | | 0.65 | | | | 0.10 | | | | 16.85 | |
| | (0.19 | ) | | | 34.75 | | | | 40.40 | | | | 140,397 | | | | 0.65 | | | | 0.53 | | | | 29.09 | |
| | (0.12 | ) | | | 24.88 | | | | (59.24 | ) | | | 103,245 | | | | 0.65 | | | | 0.06 | | | | 21.59 | |
| | — | | | | 61.26 | | | | 17.94 | | | | 401,893 | | | | 0.65 | | | | (0.48 | ) | | | 30.89 | |
| | — | | | | 51.95 | | | | 62.75 | | | | 225,999 | | | | 0.65 | | | | (0.28 | ) | | | 19.23 | |
The accompanying notes are an integral part of the financial statements.
222
Financial Highlights
| Selected Per Share Data & Ratios |
| For a Share Outstanding Throughout the Period |
| | | Net
Asset Value,
Beginning
of Period
($) | | Net Investment
Income
($)* | | Net Realized
and Unrealized
Gain (Loss) on
Investments
($) | | Total from
Operations
($) | | Distribution
from Net
Investment
Income ($) | | Distribution
from Capital
Gains ($) | | Return of
Capital ($) |
| Global X Guru® Index ETF | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2024 | | | 34.23 | | | | 0.16 | | | | 14.18 | | | | 14.34 | | | | (0.19 | ) | | | — | | | | — | |
| 2023 | | | 33.48 | | | | 0.12 | | | | 0.75 | | | | 0.87 | | | | (0.11 | ) | | | — | | | | (0.01 | ) |
| 2022 | | | 50.24 | | | | 0.01 | | | | (16.72 | ) | | | (16.71 | ) | | | (0.01 | ) | | | — | | | | (0.04 | ) |
| 2021 | | | 37.31 | | | | 0.69 | | | | 13.14 | | | | 13.83 | | | | (0.90 | ) | | | — | | | | — | |
| 2020 | | | 34.02 | | | | 0.33 | | | | 3.32 | | | | 3.65 | | | | (0.34 | ) | | | — | | | | (0.02 | ) |
| Global X SuperIncome™ Preferred ETF | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2024 | | | 8.21 | | | | 0.55 | | | | 1.39 | | | | 1.94 | | | | (0.56 | ) | | | — | | | | — | |
| 2023 | | | 9.67 | | | | 0.60 | | | | (1.44 | ) | | | (0.84 | ) | | | (0.62 | ) | | | — | | | | — | |
| 2022 | | | 11.94 | | | | 0.54 | | | | (2.13 | ) | | | (1.59 | ) | | | (0.65 | ) | | | — | | | | (0.03 | ) |
| 2021 | | | 11.12 | | | | 0.61 | | | | 0.89 | | | | 1.50 | | | | (0.68 | ) | | | — | | | | — | |
| 2020 | | | 11.73 | | | | 0.60 | | | | (0.53 | ) | | | 0.07 | | | | (0.65 | ) | | | — | | | | (0.03 | ) |
| Global X SuperDividend® U.S. ETF | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2024 | | | 15.62 | | | | 0.74 | | | | 3.23 | | | | 3.97 | | | | (1.09 | ) | | | — | | | | — | |
| 2023 | | | 19.18 | | | | 0.69 | | | | (3.02 | ) | | | (2.33 | ) | | | (0.90 | ) | | | — | | | | (0.33 | ) |
| 2022 | | | 20.13 | | | | 0.67 | | | | (0.41 | ) | | | 0.26 | | | | (0.81 | ) | | | — | | | | (0.40 | ) |
| 2021 | | | 14.99 | | | | 0.65 | | | | 5.59 | | | | 6.24 | | | | (0.99 | ) | | | — | | | | (0.11 | ) |
| 2020 | | | 23.34 | | | | 0.62 | | | | (7.45 | ) | | | (6.83 | ) | | | (1.14 | ) | | | — | | | | (0.38 | ) |
| | |
| * | Per share data calculated using average shares method. |
| ** | Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. |
| †† | Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers. |
Amounts designated as “—” are either $0 or have been rounded to $0.
The accompanying notes are an integral part of the financial statements.
223
Financial Highlights
Total from
Distributions ($) | | Net
Asset Value,
End of
Period ($) | | Total
Return
(%)** | | Net Assets, End of
Period ($)(000) | | Ratio of Expenses
to Average Net
Assets (%) | | Ratio of Net
Investment Income
to Average Net
Assets (%) | | Portfolio
Turnover Rate
(%)†† |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (0.19 | ) | | | 48.38 | | | | 41.98 | | | | 44,995 | | | | 0.75 | | | | 0.37 | | | | 100.83 | |
| | (0.12 | ) | | | 34.23 | | | | 2.58 | | | | 41,757 | | | | 0.75 | | | | 0.35 | | | | 100.70 | |
| | (0.05 | ) | | | 33.48 | | | | (33.28 | ) | | | 46,535 | | | | 0.75 | | | | 0.02 | | | | 111.39 | |
| | (0.90 | ) | | | 50.24 | | | | 37.43 | | | | 75,856 | | | | 0.75 | | | | 1.47 | | | | 121.91 | |
| | (0.36 | ) | | | 37.31 | | | | 10.84 | | | | 55,961 | | | | 0.75 | | | | 0.96 | | | | 124.90 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (0.56 | ) | | | 9.59 | | | | 24.16 | | | | 150,709 | | | | 0.48 | | | | 5.93 | | | | 63.31 | |
| | (0.62 | ) | | | 8.21 | | | | (9.26 | ) | | | 157,490 | | | | 0.53 | | | | 6.47 | | | | 109.60 | |
| | (0.68 | ) | | | 9.67 | | | | (13.81 | ) | | | 195,159 | | | | 0.58 | | | | 5.04 | | | | 39.39 | |
| | (0.68 | ) | | | 11.94 | | | | 13.71 | | | | 234,953 | | | | 0.58 | | | | 5.13 | | | | 98.47 | |
| | (0.68 | ) | | | 11.12 | | | | 0.81 | | | | 184,015 | | | | 0.58 | | | | 5.47 | | | | 67.65 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (1.09 | ) | | | 18.50 | | | | 26.21 | | | | 644,835 | | | | 0.45 | | | | 4.28 | | | | 53.21 | |
| | (1.23 | ) | | | 15.62 | | | | (12.60 | ) | | | 590,900 | | | | 0.45 | | | | 3.91 | | | | 63.24 | |
| | (1.21 | ) | | | 19.18 | | | | 1.16 | | | | 683,864 | | | | 0.45 | | | | 3.34 | | | | 38.51 | |
| | (1.10 | ) | | | 20.13 | | | | 42.53 | | | | 669,734 | | | | 0.45 | | | | 3.41 | | | | 60.53 | |
| | (1.52 | ) | | | 14.99 | | | | (30.12 | ) | | | 412,110 | | | | 0.45 | | | | 3.50 | | | | 93.44 | |
The accompanying notes are an integral part of the financial statements.
224
Financial Highlights
| Selected Per Share Data & Ratios |
| For a Share Outstanding Throughout the Period |
| | | Net
Asset Value,
Beginning
of Period
($) | | Net Investment
Income
($)* | | Net Realized
and Unrealized
Gain (Loss) on
Investments
($) | | Total from
Operations
($) | | Distribution
from Net
Investment
Income ($) | | Distribution
from Capital
Gains ($) | | Return of
Capital ($) |
| Global X MSCI SuperDividend® Emerging Markets ETF | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2024 | | | 22.48 | | | | 1.70 | | | | 2.28 | | | | 3.98 | | | | (1.80 | ) | | | — | | | | — | |
| 2023(1) | | | 21.36 | | | | 1.95 | | | | 1.00 | | | | 2.95 | | | | (1.83 | ) | | | — | | | | — | |
| 2022(1) | | | 33.78 | | | | 1.67 | | | | (11.44 | ) | | | (9.77 | ) | | | (2.19 | ) | | | — | | | | (0.46 | ) |
| 2021(1) | | | 28.59 | | | | 3.06 | | | | 4.35 | | | | 7.41 | | | | (2.22 | ) | | | — | | | | — | |
| 2020(1) | | | 38.85 | | | | 1.65 | | | | (9.51 | ) | | | (7.86 | ) | | | (1.98 | ) | | | — | | | | (0.42 | ) |
| Global X SuperDividend® REIT ETF | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2024 | | | 18.67 | | | | 1.22 | | | | 3.20 | | | | 4.42 | | | | (1.34 | ) | | | — | | | | (0.33 | ) |
| 2023(1) | | | 21.65 | | | | 1.28 | | | | (2.60 | ) | | | (1.32 | ) | | | (1.10 | ) | | | — | | | | (0.56 | ) |
| 2022(1) | | | 29.46 | | | | 1.13 | | | | (7.14 | ) | | | (6.01 | ) | | | (1.10 | ) | | | — | | | | (0.70 | ) |
| 2021(1) | | | 22.68 | | | | 1.14 | | | | 7.50 | | | | 8.64 | | | | (1.23 | ) | | | — | | | | (0.63 | ) |
| 2020(1) | | | 45.99 | | | | 1.68 | | | | (22.23 | ) | | | (20.55 | ) | | | (2.58 | ) | | | — | | | | (0.18 | ) |
| Global X Renewable Energy Producers ETF | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2024 | | | 9.30 | | | | 0.12 | | | | 0.47 | | | | 0.59 | | | | (0.15 | ) | | | — | | | | — | |
| 2023 | | | 13.05 | | | | 0.15 | | | | (3.76 | ) | | | (3.61 | ) | | | (0.14 | ) | | | — | | | | — | |
| 2022 | | | 16.82 | | | | 0.15 | | | | (3.76 | ) | | | (3.61 | ) | | | (0.16 | ) | | | — | | | | — | |
| 2021 | | | 14.87 | | | | 0.23 | | | | 2.05 | | | | 2.28 | | | | (0.30 | ) | | | (0.03 | ) | | | — | |
| 2020 | | | 13.79 | | | | 0.41 | | | | 1.13 | | | | 1.54 | | | | (0.46 | ) | | | — | | | | — | |
| | |
| * | Per share data calculated using average shares method. |
| ** | Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. |
| †† | Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers. |
| (1) | Per share amounts have been adjusted for a 1 for 3 reverse share split on December 19, 2022 (See Note 9 in the Notes to Financial Statements.) |
Amounts designated as “—” are either $0 or have been rounded to $0.
The accompanying notes are an integral part of the financial statements.
225
Financial Highlights
Total from
Distributions ($) | | Net
Asset Value,
End of
Period ($) | | Total
Return
(%)** | | Net Assets, End of
Period ($)(000) | | Ratio of Expenses
to Average Net
Assets (%) | | Ratio of Net
Investment Income
to Average Net
Assets (%) | | Portfolio
Turnover Rate
(%)†† |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (1.80 | ) | | | 24.66 | | | | 17.80 | | | | 36,234 | | | | 0.66 | | | | 6.70 | | | | 88.93 | |
| | (1.83 | ) | | | 22.48 | | | | 13.77 | | | | 41,574 | | | | 0.68 | | | | 8.22 | | | | 87.06 | |
| | (2.65 | ) | | | 21.36 | | | | (30.80 | ) | | | 39,168 | | | | 0.67 | | | | 5.88 | | | | 101.78 | |
| | (2.22 | ) | | | 33.78 | | | | 25.83 | | | | 62,696 | | | | 0.72 | | | | 8.59 | | | | 102.27 | |
| | (2.40 | ) | | | 28.59 | | | | (21.01 | ) | | | 20,007 | | | | 0.67 | | | | 5.04 | | | | 93.04 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (1.67 | ) | | | 21.42 | | | | 24.41 | | | | 220,576 | | | | 0.58 | | | | 5.90 | | | | 84.50 | |
| | (1.66 | ) | | | 18.67 | | | | (6.97 | ) | | | 217,653 | | | | 0.59 | | | | 5.90 | | | | 92.84 | |
| | (1.80 | ) | | | 21.65 | | | | (21.21 | ) | | | 286,655 | | | | 0.59 | | | | 4.36 | | | | 82.67 | |
| | (1.86 | ) | | | 29.46 | | | | 38.84 | | | | 467,934 | | | | 0.58 | | | | 3.99 | | | | 59.44 | |
| | (2.76 | ) | | | 22.68 | | | | (45.94 | ) | | | 311,625 | | | | 0.58 | | | | 5.74 | | | | 106.23 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (0.15 | ) | | | 9.74 | | | | 6.18 | | | | 33,981 | | | | 0.65 | | | | 1.20 | | | | 16.51 | |
| | (0.14 | ) | | | 9.30 | | | | (27.93 | ) | | | 43,797 | | | | 0.65 | | | | 1.18 | | | | 12.68 | |
| | (0.16 | ) | | | 13.05 | | | | (21.57 | ) | | | 90,970 | | | | 0.66 | | | | 1.01 | | | | 18.33 | |
| | (0.33 | ) | | | 16.82 | | | | 15.37 | | | | 146,976 | | | | 0.65 | | | | 1.39 | | | | 55.97 | |
| | (0.46 | ) | | | 14.87 | | | | 11.39 | | | | 66,192 | | | | 0.65 | | | | 2.89 | | | | 29.27 | |
The accompanying notes are an integral part of the financial statements.
226
Financial Highlights
| Selected Per Share Data & Ratios |
| For a Share Outstanding Throughout the Period |
| | | Net
Asset Value,
Beginning
of Period
($) | | Net Investment
Income (Loss)
($)* | | Net Realized
and Unrealized
Gain (Loss) on
Investments
($) | | Total from
Operations
($) | | Distribution
from Net
Investment
Income ($) | | Distribution
from Capital
Gains ($) | | Return of
Capital ($) |
| Global X S&P 500® Catholic Values ETF | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2024 | | | 50.89 | | | | 0.70 | | | | 17.80 | | | | 18.50 | | | | (0.67 | ) | | | — | | | | — | |
| 2023 | | | 47.19 | | | | 0.65 | | | | 3.68 | | | | 4.33 | | | | (0.63 | ) | | | — | | | | — | |
| 2022 | | | 57.22 | | | | 0.61 | | | | (9.99 | ) | | | (9.38 | ) | | | (0.57 | ) | | | (0.08 | ) | | | — | |
| 2021 | | | 40.32 | | | | 0.56 | | | | 16.89 | | | | 17.45 | | | | (0.55 | ) | | | — | | | | — | |
| 2020 | | | 37.23 | | | | 0.58 | | | | 3.08 | | | | 3.66 | | | | (0.55 | ) | | | (0.02 | ) | | | — | |
| Global X MSCI SuperDividend® EAFE ETF | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2024 | | | 12.76 | | | | 0.87 | | | | 2.13 | | | | 3.00 | | | | (0.92 | ) | | | — | | | | — | |
| 2023 | | | 11.98 | | | | 0.78 | | | | 0.92 | | | | 1.70 | | | | (0.92 | ) | | | — | | | | — | |
| 2022 | | | 15.62 | | | | 1.00 | | | | (3.70 | ) | | | (2.70 | ) | | | (0.94 | ) | | | — | | | | — | |
| 2021 | | | 11.44 | | | | 0.79 | | | | 4.10 | | | | 4.89 | | | | (0.71 | ) | | | — | | | | — | |
| 2020 | | | 16.11 | | | | 0.56 | | | | (4.53 | ) | | | (3.97 | ) | | | (0.55 | ) | | | — | | | | (0.15 | ) |
| Global X E-commerce ETF | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2024 | | | 16.96 | | | | 0.06 | | | | 9.69 | | | | 9.75 | | | | (0.06 | ) | | | — | | | | — | |
| 2023 | | | 15.14 | | | | — | | | | 1.84 | | | | 1.84 | | | | — | | | | — | | | | (0.02 | ) |
| 2022 | | | 31.19 | | | | 0.08 | | | | (15.97 | ) | | | (15.89 | ) | | | (0.05 | ) | | | (0.10 | ) | | | (0.01 | ) |
| 2021 | | | 26.79 | | | | (0.04 | ) | | | 4.70 | | | | 4.66 | | | | (0.13 | ) | | | (0.13 | ) | | | — | |
| 2020 | | | 17.58 | | | | 0.19 | | | | 9.05 | | | | 9.24 | | | | (0.03 | ) | | | — | | | | — | |
| | |
| * | Per share data calculated using average shares method. |
| ** | Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. |
| †† | Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers. |
Amounts designated as “—” are either $0 or have been rounded to $0.
The accompanying notes are an integral part of the financial statements.
227
Financial Highlights
Total from
Distributions ($) | | Net
Asset Value,
End of
Period ($) | | Total
Return
(%)** | | Net Assets, End of
Period ($)(000) | | Ratio of Expenses
to Average Net
Assets (%) | | Ratio of Net
Investment Income
(Loss) to Average
Net Assets (%) | | Portfolio
Turnover Rate
(%)†† |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (0.67 | ) | | | 68.72 | | | | 36.53 | | | | 899,519 | | | | 0.29 | | | | 1.11 | | | | 8.42 | |
| | (0.63 | ) | | | 50.89 | | | | 9.22 | | | | 671,797 | | | | 0.29 | | | | 1.28 | | | | 6.70 | |
| | (0.65 | ) | | | 47.19 | | | | (16.53 | ) | | | 549,288 | | | | 0.29 | | | | 1.17 | | | | 6.79 | |
| | (0.55 | ) | | | 57.22 | | | | 43.54 | | | | 593,985 | | | | 0.29 | | | | 1.09 | | | | 8.29 | |
| | (0.57 | ) | | | 40.32 | | | | 9.89 | | | | 379,053 | | | | 0.29 | | | | 1.51 | | | | 5.55 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (0.92 | ) | | | 14.84 | | | | 23.95 | | | | 10,831 | | | | 0.55 | | | | 5.98 | | | | 64.02 | |
| | (0.92 | ) | | | 12.76 | | | | 14.08 | | | | 10,082 | | | | 0.56 | | | | 5.76 | | | | 37.00 | |
| | (0.94 | ) | | | 11.98 | | | | (18.12 | ) | | | 8,384 | | | | 0.57 | | | | 6.89 | | | | 34.00 | |
| | (0.71 | ) | | | 15.62 | | | | 43.05 | | | | 14,058 | | | | 0.55 | | | | 5.12 | | | | 88.53 | |
| | (0.70 | ) | | | 11.44 | | | | (25.24 | ) | | | 7,436 | | | | 0.56 | | | | 4.07 | | | | 59.28 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (0.06 | ) | | | 26.65 | | | | 57.51 | | | | 56,231 | | | | 0.50 | | | | 0.26 | | | | 31.04 | |
| | (0.02 | ) | | | 16.96 | | | | 12.13 | | | | 62,069 | | | | 0.50 | | | | (0.02 | ) | | | 26.67 | |
| | (0.16 | ) | | | 15.14 | | | | (51.19 | ) | | | 42,241 | | | | 0.50 | | | | 0.34 | | | | 25.82 | |
| | (0.26 | ) | | | 31.19 | | | | 17.39 | | | | 197,751 | | | | 0.50 | | | | (0.11 | ) | | | 14.64 | |
| | (0.03 | ) | | | 26.79 | | | | 52.67 | | | | 91,083 | | | | 0.50 | | | | 0.75 | | | | 42.01 | |
The accompanying notes are an integral part of the financial statements.
228
Financial Highlights
| Selected Per Share Data & Ratios |
| For a Share Outstanding Throughout the Period |
| | | Net
Asset Value,
Beginning
of Period
($) | | Net Investment
Income (Loss)
($)* | | Net Realized
and Unrealized
Gain (Loss) on
Investments
($) | | Total from
Operations
($) | | Distribution
from Net
Investment
Income ($) | | Distribution
from Capital
Gains ($) | | Return of
Capital ($) |
| Global X S&P Catholic Values Developed ex-U.S. ETF | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2024 | | | 25.87 | | | | 0.74 | | | | 5.44 | | | | 6.18 | | | | (1.00 | ) | | | — | | | | — | |
| 2023 | | | 23.30 | | | | 0.77 | | | | 2.39 | | | | 3.16 | | | | (0.59 | ) | | | — | | | | — | |
| 2022 | | | 32.80 | | | | 0.77 | | | | (9.11 | ) | | | (8.34 | ) | | | (0.79 | ) | | | (0.37 | ) | | | — | |
| 2021 | | | 24.98 | | | | 0.70 | | | | 7.71 | | | | 8.41 | | | | (0.59 | ) | | | — | | | | — | |
| 2020(1) | | | 25.05 | | | | 0.19 | | | | (0.26 | ) | | | (0.07 | ) | | | — | | | | — | | | | — | |
| Global X NASDAQ 100® Tail Risk ETF | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2024 | | | 22.71 | | | | 0.17 | | | | 7.37 | | | | 7.54 | | | | (0.17 | ) | | | — | | | | — | |
| 2023 | | | 19.08 | | | | 0.07 | | | | 3.63 | | | | 3.70 | | | | (0.07 | ) | | | — | | | | — | |
| 2022 | | | 25.59 | | | | 0.04 | | | | (6.03 | ) | | | (5.99 | ) | | | (0.03 | ) | | | (0.49 | ) | | | — | |
| 2021(2) | | | 25.13 | | | | (0.01 | ) | | | 0.47 | | | | 0.46 | | | | — | | | | — | | | | — | |
| Global X NASDAQ 100® Collar 95-110 ETF | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2024 | | | 23.47 | | | | 0.18 | | | | 6.59 | | | | 6.77 | | | | (0.18 | ) | | | — | | | | — | |
| 2023 | | | 22.00 | | | | 0.08 | | | | 1.46 | | | | 1.54 | | | | (0.07 | ) | | | — | | | | — | |
| 2022 | | | 25.78 | | | | 0.04 | | | | (3.38 | ) | | | (3.34 | ) | | | (0.02 | ) | | | (0.42 | ) | | | — | |
| 2021(2) | | | 25.27 | | | | (0.01 | ) | | | 0.52 | | | | 0.51 | | | | — | | | | — | | | | — | |
| | |
| * | Per share data calculated using average shares method. |
| ** | Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. |
| † | Annualized. |
| †† | Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers. |
| (1) | The Fund commenced operations on June 22, 2020. |
| (2) | The Fund commenced operations on August 25, 2021. |
| (3) | Includes fees charged by the Fund custodian that were reimbursed by the custodian to the Fund subsequent to the reporting period. Excluding these fees, the ratio to average net assets would have been 0.61%. |
Amounts designated as “—” are either $0 or have been rounded to $0.
The accompanying notes are an integral part of the financial statements.
229
Financial Highlights
Total from
Distributions ($) | | Net
Asset Value,
End of
Period ($) | | Total
Return
(%)** | | Net Assets, End of
Period ($)(000) | | Ratio of Expenses
to Average Net
Assets (%) | | Ratio of Net
Investment Income
(Loss) to Average
Net Assets (%) | | Portfolio
Turnover Rate
(%)†† |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (1.00 | ) | | | 31.05 | | | | 24.02 | | | | 12,729 | | | | 0.35 | | | | 2.44 | | | | 12.13 | |
| | (0.59 | ) | | | 25.87 | | | | 13.45 | | | | 14,485 | | | | 0.35 | | | | 2.80 | | | | 13.64 | |
| | (1.16 | ) | | | 23.30 | | | | (26.11 | ) | | | 5,592 | | | | 0.35 | | | | 2.83 | | | | 12.83 | |
| | (0.59 | ) | | | 32.80 | | | | 33.79 | | | | 4,264 | | | | 0.35 | | | | 2.22 | | | | 17.17 | |
| | — | | | | 24.98 | | | | (0.28 | ) | | | 2,498 | | | | 0.35 | † | | | 2.02 | † | | | 4.04 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (0.17 | ) | | | 30.08 | | | | 33.26 | | | | 2,707 | | | | 0.25 | | | | 0.61 | | | | 5.84 | |
| | (0.07 | ) | | | 22.71 | | | | 19.42 | | | | 1,362 | | | | 0.53 | | | | 0.35 | | | | 19.43 | |
| | (0.52 | ) | | | 19.08 | | | | (23.90 | ) | | | 1,908 | | | | 0.61 | | | | 0.19 | | | | 13.88 | |
| | — | | | | 25.59 | | | | 1.83 | | | | 3,326 | | | | 0.60 | † | | | (0.12 | )† | | | 1.71 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (0.18 | ) | | | 30.06 | | | | 28.90 | | | | 1,804 | | | | 0.25 | | | | 0.66 | | | | 9.99 | |
| | (0.07 | ) | | | 23.47 | | | | 7.01 | | | | 2,112 | | | | 0.55 | | | | 0.35 | | | | 18.56 | |
| | (0.44 | ) | | | 22.00 | | | | (13.19 | ) | | | 3,081 | | | | 0.62 | (3) | | | 0.18 | | | | 9.89 | |
| | — | | | | 25.78 | | | | 2.06 | | | | 2,836 | | | | 0.60 | † | | | (0.11 | )† | | | 2.11 | |
The accompanying notes are an integral part of the financial statements.
230
Financial Highlights
| Selected Per Share Data & Ratios |
| For a Share Outstanding Throughout the Period |
| | | Net
Asset Value,
Beginning
of Period
($) | | Net Investment
Income
($)* | | Net Realized
and Unrealized
Gain (Loss) on
Investments
($) | | Total from
Operations
($) | | Distribution
from Net
Investment
Income ($) | | Distribution
from Capital
Gains ($) | | Return of
Capital ($) |
| Global X S&P 500® Tail Risk ETF | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2024 | | | 24.23 | | | | 0.35 | | | | 7.93 | | | | 8.28 | | | | (0.36 | ) | | | — | | | | — | |
| 2023 | | | 23.21 | | | | 0.27 | | | | 1.00 | | | | 1.27 | | | | (0.25 | ) | | | — | | | | — | |
| 2022 | | | 27.72 | | | | 0.23 | | | | (4.00 | ) | | | (3.77 | ) | | | (0.16 | ) | | | (0.58 | ) | | | — | |
| 2021(1) | | | 27.33 | | | | 0.03 | | | | 0.36 | | | | 0.39 | | | | — | | | | — | | | | — | |
| Global X S&P 500® Collar 95-110 ETF | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2024 | | | 24.68 | | | | 0.34 | | | | 7.30 | | | | 7.64 | | | | (0.36 | ) | | | — | | | | — | |
| 2023 | | | 24.47 | | | | 0.28 | | | | 0.26 | | | | 0.54 | | | | (0.33 | ) | | | — | | | | — | |
| 2022 | | | 27.57 | | | | 0.23 | | | | (2.77 | ) | | | (2.54 | ) | | | (0.16 | ) | | | (0.40 | ) | | | — | |
| 2021(1) | | | 27.28 | | | | 0.03 | | | | 0.26 | | | | 0.29 | | | | — | | | | — | | | | — | |
| Global X Disruptive Materials ETF | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2024 | | | 14.23 | | | | 0.12 | | | | 1.95 | | | | 2.07 | | | | (0.18 | ) | | | — | | | | — | |
| 2023 | | | 18.07 | | | | 0.34 | | | | (3.88 | ) | | | (3.54 | ) | | | (0.30 | ) | | | — | | | | — | |
| 2022(3) | | | 23.75 | | | | 0.45 | | | | (5.88 | ) | | | (5.43 | ) | | | (0.25 | ) | | | — | | | | — | |
| | |
| * | Per share data calculated using average shares method. |
| ** | Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. |
| † | Annualized. |
| †† | Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers. |
| (1) | The Fund commenced operations on August 25, 2021. |
| (2) | Includes fees charged by the Fund custodian that were reimbursed by the custodian to the Fund subsequent to the reporting period. Excluding these fees, the ratio to average net assets would have been 0.61%. |
| (3) | The Fund commenced operations on January 24, 2022. |
Amounts designated as “—” are either $0 or have been rounded to $0.
The accompanying notes are an integral part of the financial statements.
231
Financial Highlights
Total from
Distributions ($) | | Net
Asset Value,
End of
Period ($) | | Total
Return
(%)** | | Net Assets, End of
Period ($)(000) | | Ratio of Expenses
to Average Net
Assets (%) | | Ratio of Net
Investment Income
to Average Net
Assets (%) | | Portfolio
Turnover Rate
(%)†† |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (0.36 | ) | | | 32.15 | | | | 34.36 | | | | 2,572 | | | | 0.25 | | | | 1.19 | | | | 3.45 | |
| | (0.25 | ) | | | 24.23 | | | | 5.51 | | | | 2,423 | | | | 0.54 | | | | 1.10 | | | | 2.71 | |
| | (0.74 | ) | | | 23.21 | | | | (13.98 | ) | | | 3,017 | | | | 0.61 | | | | 0.92 | | | | 7.40 | |
| | — | | | | 27.72 | | | | 1.43 | | | | 3,604 | | | | 0.60 | † | | | 0.58 | † | | | 6.21 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (0.36 | ) | | | 31.96 | | | | 31.11 | | | | 1,918 | | | | 0.25 | | | | 1.17 | | | | 3.46 | |
| | (0.33 | ) | | | 24.68 | | | | 2.20 | | | | 2,221 | | | | 0.55 | | | | 1.11 | | | | 3.09 | |
| | (0.56 | ) | | | 24.47 | | | | (9.40 | ) | | | 3,915 | | | | 0.64 | (2) | | | 0.90 | | | | 8.96 | |
| | — | | | | 27.57 | | | | 1.06 | | | | 3,308 | | | | 0.60 | † | | | 0.58 | † | | | 6.44 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (0.18 | ) | | | 16.12 | | | | 14.61 | | | | 5,965 | | | | 0.59 | | | | 0.83 | | | | 22.42 | |
| | (0.30 | ) | | | 14.23 | | | | (19.96 | ) | | | 7,684 | | | | 0.59 | | | | 1.84 | | | | 36.55 | |
| | (0.25 | ) | | | 18.07 | | | | (22.98 | ) | | | 3,433 | | | | 0.60 | † | | | 2.72 | † | | | 25.34 | |
The accompanying notes are an integral part of the financial statements.
232
Financial Highlights
| Selected Per Share Data & Ratios |
| For a Share Outstanding Throughout the Period |
| | | Net
Asset Value,
Beginning
of Period
($) | | Net Investment
Income
($)* | | Net Realized
and Unrealized
Gain on
Investments
($) | | Total from
Operations
($) | | Distribution
from Net
Investment
Income ($) | | Distribution
from Capital
Gains ($) | | Return of
Capital ($) |
| Global X Russell 2000 ETF | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2024(1) | | | 79.35 | | | | 0.47 | | | | 6.30 | | | | 6.77 | | | | (0.35 | ) | | | — | | | | — | |
| | |
| * | Per share data calculated using average shares method. |
| ** | Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. |
| † | Annualized. |
| †† | Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers. |
| (1) | The Fund commenced operations on June 4, 2024. |
Amounts designated as “—” are either $0 or have been rounded to $0.
The accompanying notes are an integral part of the financial statements.
233
Financial Highlights
Total from
Distributions ($) | | Net
Asset Value,
End of
Period ($) | | Total
Return
(%)** | | Net Assets, End of
Period ($)(000) | | Ratio of Expenses
to Average Net
Assets (%) | | Ratio of Net
Investment Income
to Average Net
Assets (%) | | Portfolio
Turnover Rate
(%)†† |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (0.35 | ) | | | 85.77 | | | | 8.53 | | | | 1,434,940 | | | | 0.08 | † | | | 1.36 | † | | | 7.75 | |
The accompanying notes are an integral part of the financial statements.
234
Notes to Financial Statements
October 31, 2024
1. ORGANIZATION
The Global X Funds (the “Trust”) is a Delaware statutory trust formed on March 6, 2008. The Trust is registered under the Investment Company Act of 1940 (the “1940 Act”), as amended, as an open-end management investment company. As of October 31, 2024, the Trust had one hundred portfolios, ninety-seven of which were operational. The financial statements herein and the related notes pertain to the Global X Lithium and Battery Tech ETF, Global X SuperDividend® ETF, Global X Social Media ETF, Global X Guru® Index ETF, Global X SuperIncome™ Preferred ETF, Global X SuperDividend® U.S. ETF, Global X MSCI SuperDividend® Emerging Markets ETF, Global X SuperDividend® REIT ETF, Global X Renewable Energy Producers ETF, Global X S&P 500® Catholic Values ETF, Global X MSCI SuperDividend® EAFE ETF, Global X E-commerce ETF, Global X S&P Catholic Values Developed ex-U.S. ETF, Global X NASDAQ 100® Tail Risk ETF, Global X NASDAQ 100® Collar 95-110 ETF, Global X S&P 500® Tail Risk ETF, Global X S&P 500® Collar 95-110 ETF, Global X Disruptive Materials ETF and Global X Russell 2000 ETF, (each a “Fund”, and collectively, the “Funds”).
Each Fund (except the Global X SuperDividend® ETF, Global X SuperDividend® U.S. ETF, Global X MSCI SuperDividend® Emerging Markets ETF, Global X MSCI SuperDividend® EAFE ETF, Global X SuperDividend® REIT ETF, Global X SuperIncomeTM Preferred ETF, Global X Guru® Index ETF, Global X S&P 500® Catholic Values ETF, Global X S&P 500® Tail Risk ETF and Global X S&P 500® Collar 95-110 ETF) has elected non-diversified status under the 1940 Act.
The Global X Russell 2000 ETF commenced operations on June 4, 2024.
2. SIGNIFICANT ACCOUNTING POLICIES
The following is a summary of the significant accounting policies followed by the Funds:
USE OF ESTIMATES – The Funds are investment companies that apply the accounting and reporting guidance issued in Topic 946 by the U.S. Financial Accounting Standards Board. The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could materially differ from those estimates.
RETURN OF CAPITAL ESTIMATES – Distributions received by the Funds from underlying master limited partnership (“MLP”) and real estate investment trust (“REIT”) investments generally are comprised of income and return of capital. The Funds record investment income and return of capital based on estimates made at the time such distributions are received. Such estimates are based on historical information available from the MLPs, REITs and other industry sources. These estimates may subsequently be
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Notes to Financial Statements (Continued)
October 31, 2024
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
revised based on information received from the MLPs and REITs after their tax reporting periods are concluded.
MLPs – Certain Funds may invest in MLPs. MLPs are publicly traded partnerships engaged in the transportation, storage and processing of minerals and natural resources. By confining their operations to these specific activities, their interests, or units, are able to trade on public securities exchanges exactly like the shares of a corporation, without entity level taxation. To qualify as an MLP and to not be taxed as a corporation, a partnership must receive at least 90% of its income from qualifying sources as set forth in Section 7704(d) of the Internal Revenue Code of 1986, as amended (the “Code”). These qualifying sources include natural resource-based activities such as the processing, transportation and storage of mineral or natural resources. MLPs generally have two classes of owners: the general partner and limited partners. The general partner of an MLP is typically owned by a major energy company, an investment fund, the direct management of the MLP, or is an entity owned by one or more of such parties. The general partner may be structured as a private or publicly traded corporation or other entity.
The general partner typically controls the operations and management of the MLP through an up to 2% equity interest in the MLP plus, in many cases, ownership of common units and subordinated units.
Limited partners typically own the remainder of the partnership through ownership of common units, and have a limited role in the partnership’s operations and management. MLPs are typically structured such that common units and general partner interests have first priority to receive quarterly cash distributions up to an established minimum amount (“minimum quarterly distributions” or “MQD”). Common and general partner interests also accrue arrearages in distributions to the extent the MQD is not paid. Once common and general partner interests have been paid, subordinated units receive distributions of up to the MQD; however, subordinated units do not accrue arrearages. Distributable cash in excess of the MQD is paid to both common and subordinated units and is distributed to both common and subordinated units generally on a pro rata basis. The general partner is also eligible to receive incentive distributions if the general partner operates the business in a manner which results in distributions paid per common unit surpassing specified target levels. As the general partner increases cash distributions to the limited partners, the general partner receives an increasingly higher percentage of the incremental cash distributions.
SECURITY VALUATION - Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (except for securities traded on the NASDAQ Stock Market (“NASDAQ”)), including securities traded over the counter, are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded (or at approximately 4:00 pm Eastern Standard Time if a security’s primary exchange is normally open at that time), or, if there is no such reported
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2. SIGNIFICANT ACCOUNTING POLICIES (continued)
sale, at the most recent mean between the quoted bid and asked prices, which approximates fair value (absent both bid and asked prices on such exchange, the bid price may be used).
For securities traded on NASDAQ, the NASDAQ Official Closing Price will be used. The prices for foreign securities are reported in local currency and converted to U.S. dollars using currency exchange rates as of the reporting date. The exchange rates used by the Trust for valuation are captured as of the New York or London close each day.
Options traded on an exchange will be valued at the mean of the bid and ask quotations for the current day at the close of the market. If either the bid or the ask is not available, the last closing price will be used.
Securities for which market prices are not “readily available” are valued in accordance with fair value procedures (the “Fair Value Procedures”) established by Global X Management Company LLC, the Funds’ investment adviser (the “Adviser”), and approved by the Funds’ Board of Trustees (the “Board”). Pursuant to Rule 2a-5 under the 1940 Act, the Board has designated the Adviser as the “valuation designee” to determine the fair value of securities and other instruments for which no readily available market quotations are available. The Fair Value Procedures are implemented through a fair value committee (the “Committee”) of the Adviser. Some of the more common reasons that may necessitate that a security be valued using the Fair Value Procedures include: the security’s trading has been halted or suspended; the security has been de-listed from its primary trading exchange; the security’s primary trading market is temporarily closed at a time when, under normal conditions, it would be open; the security has not been traded for an extended period of time; the security’s primary pricing source is not able or willing to provide a price; or trading of the security is subject to local government-imposed restrictions. In addition, the Funds may fair value a security if an event that may materially affect the value of the Funds’ security that is traded outside the United States (a “Significant Event”) has occurred between the time of the security’s last close and the time that each Fund calculates its net asset value (“NAV”). A Significant Event may relate to a single issuer or to an entire market sector. Events that may be Significant Events include: government actions, natural disasters, armed conflict, acts of terrorism and significant market fluctuations. If the Adviser becomes aware of a Significant Event that has occurred with respect to a security or group of securities after the closing of the exchange or market on which the security or securities principally trade, but before the time at which the Funds calculate their NAV, it may request that a Committee meeting be called. When a security is valued in accordance with the Fair Value Procedures, the Committee will determine the value after taking into consideration all relevant information reasonably available to the Committee.
If available, debt securities are priced based upon valuations provided by independent, third-party pricing agents. Such values generally reflect the last reported sales price if the security is actively traded. The third-party pricing agents may also value debt securities at
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Notes to Financial Statements (Continued)
October 31, 2024
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
an evaluated bid price by employing methodologies that utilize actual market transactions, broker-supplied valuations, or other methodologies designed to identify the market value for such securities. Debt obligations with remaining maturities of sixty days or less will be valued at their market value. Prices for most securities held by the Funds are provided daily by recognized independent pricing agents. If a security price cannot be obtained from an independent, third-party pricing agent, the Funds seek to obtain a bid price from at least one independent broker.
In accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP, the Funds disclose the fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The objective of a fair value measurement is to determine the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). Accordingly, the fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:
Level 1 – Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Funds have the ability to access at the measurement date
Level 2 – Other significant observable inputs (including quoted prices in non-active markets, quoted prices for similar investments, fair value of investments for which the Funds have the ability to fully redeem tranches at NAV as of the measurement date or within the near term, and short-term investments valued at amortized cost)
Level 3 – Significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments, and fair value of investments for which the Funds do not have the ability to fully redeem tranches at NAV as of the measurement date or within the near term)
Investments are classified within the level of the lowest significant input considered in determining fair value. Investments classified within Level 3 whose fair value measurement considers several inputs may include Level 1 or Level 2 inputs as components of the overall fair value measurement. For details of the investment classification, reference the Schedule of Investments.
The unobservable inputs used to determine fair value of Level 3 assets may have similar or diverging impacts on valuation. Significant increases and decreases in these inputs in
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Notes to Financial Statements (Continued)
October 31, 2024
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
isolation and interrelationships between those inputs could result in significantly higher or lower fair value measurement.
DUE TO/FROM BROKERS – Due to/from brokers includes cash and collateral balances with the Funds’ clearing brokers or counterparties as of October 31, 2024. The Funds continuously monitor the credit standing of each broker or counterparty with whom they conduct business. In the event a broker or counterparty is unable to fulfill its obligations, the Funds would be subject to counterparty credit risk.
REPURCHASE AGREEMENTS - Securities pledged as collateral for repurchase agreements are held by Brown Brothers Harriman & Co. (“BBH”) or The Bank of New York Mellon (“BNY Mellon”), as appropriate, in their roles as Custodian to respective Funds (each, a “Custodian” and together, the “Custodians”), and are designated as being held on each Fund’s behalf by the Custodian under a book-entry system. Each Fund monitors the adequacy of the collateral on a daily basis and can require the seller to provide additional collateral in the event the market value of the securities pledged falls below the carrying value of the repurchase agreement, including accrued interest.
It is each Fund’s policy to only enter into repurchase agreements with banks and other financial institutions which are deemed by the Adviser to be creditworthy. The Funds bear the risk of loss in the event that the counterparty to a repurchase agreement defaults on its obligations and the Funds are prevented from exercising their rights to dispose of the underlying securities received as collateral. For financial statement purposes, the Funds record the securities lending collateral (included in repurchase agreements, at value or restricted cash) as an asset and the obligation to return securities lending collateral as a liability on the Statements of Assets and Liabilities.
Repurchase agreements are entered into by the Funds under Master Repurchase Agreements (“MRA”) which permit the Funds, under certain circumstances, including an event of default (such as bankruptcy or insolvency), to offset payables and/or receivables under the MRA with collateral held and/or posted to the counterparty and create one single net payment due to or from the Funds.
FEDERAL INCOME TAXES – It is each Fund’s intention to qualify, or continue to qualify, as a regulated investment company for Federal income tax purposes by complying with the appropriate provisions of Subchapter M of the Code. Accordingly, no provisions for Federal income taxes have been made in the financial statements except as described below.
The Funds evaluate tax positions taken or expected to be taken in the course of preparing the Funds’ tax returns to determine whether it is “more-likely-than-not” (i.e., greater than 50 percent) that each tax position will be sustained upon examination by a taxing authority based on the technical merits of the position. Tax positions not deemed to meet the more-
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Notes to Financial Statements (Continued)
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2. SIGNIFICANT ACCOUNTING POLICIES (continued)
likely-than-not threshold are recorded as a tax benefit or expense in the current year. The Funds did not record any tax positions in the current period; however, management’s conclusions regarding tax positions may be subject to review and adjustment at a later date based on factors including, but not limited to, examination by tax authorities (i.e., the last three tax year ends, as applicable), and on-going analysis of and changes to tax laws and regulations, and interpretations thereof.
If a Fund has foreign tax filings that have not been made, the tax years that remain subject to examination may date back to the inception of the Fund.
As of and during the reporting period ended October 31, 2024, the Funds did not have a liability for any unrecognized tax benefits. The Funds recognize interest and penalties, if any, related to unrecognized tax benefits as an income tax expense on the Statements of Operations. During the reporting period, the Funds did not incur any interest or penalties.
SECURITY TRANSACTIONS AND INVESTMENT INCOME – Security transactions are accounted for on the trade date for financial reporting purposes. Costs used in determining realized gains and losses on the sale of investment securities are based on specific identification. Dividend income is recorded on the ex-dividend date. Interest income is recognized on the accrual basis from the settlement date. Amortization of premiums and accretion of discounts is included in interest income.
FOREIGN CURRENCY TRANSACTIONS AND TRANSLATION – The books and records of the Funds are maintained in U.S. dollars. Investment securities and other assets and liabilities denominated in a foreign currency are translated into U.S. dollars on the date of valuation. Purchases and sales of investment securities, income and expenses are translated into U.S. dollars at the relevant rates of exchange prevailing on the respective dates of such transactions. The Funds do not isolate that portion of realized or unrealized gains and losses resulting from changes in the foreign exchange rate from fluctuations arising from changes in the market prices of the securities. These gains and losses are included in net realized and unrealized gains and losses on investments on the Statements of Operations. Net realized and unrealized gains and losses on foreign currency transactions and translations represent net foreign exchange gains or losses from foreign currency spot contracts, disposition of foreign currencies, currency gains or losses realized between trade and settlement dates on securities transactions and the difference between the amount of the investment income and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent amounts actually received or paid.
FUTURES CONTRACTS – To the extent consistent with its investment objective and strategies, each Fund may use futures contracts for tactical hedging purposes as well as to enhance the Fund’s returns. Initial margin deposits of cash or securities are made upon entering into futures contracts. The contracts are marked to market daily and the resulting changes in value are accounted for as unrealized gains and losses. Variation margin
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Notes to Financial Statements (Continued)
October 31, 2024
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
payments are paid or received, depending upon whether unrealized gains or losses are incurred. When the contract is closed, the Fund records a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transaction and the amount invested in the contract.
Risks of entering into futures contracts include the possibility that there will be an imperfect price correlation between the futures and the underlying securities. It is possible that a lack of liquidity for futures contracts could exist in the secondary market, resulting in an inability to close a position prior to its maturity date. A futures contract involves the risk that the Fund could lose more than the original margin deposit required to initiate a futures transaction.
Futures contracts shall be valued at the settlement price established each day by the board of the exchange on which they are traded. The daily settlement prices for financial futures are provided by an independent source.
Finally, the risk exists that losses could exceed amounts disclosed on the Statements of Assets and Liabilities. Refer to the Funds’ Schedule of Investments for details regarding open futures contracts as of October 31, 2024, if applicable.
DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS – The Funds distribute their net investment income on a pro rata basis. Any net investment income and net realized capital gains are distributed at least annually. All distributions are recorded on the ex-dividend date.
INVESTMENTS IN REITs – With respect to the Funds, dividend income is recorded based on the income included in distributions received from REIT investments using published REIT reclassifications, including some management estimates when actual amounts are not available. Distributions received in excess of these estimated amounts are recorded as a reduction of the cost of investments or reclassified to capital gains. The actual amounts of income, return of capital, and capital gains are only determined by each REIT after its fiscal year end, and may differ from the estimated amounts.
CREATION UNITS – The Funds issue and redeem their shares (“Shares”) on a continuous basis at net asset value (“NAV”) and only in large blocks of 10,000 Shares, referred to as “Creation Units”. Purchasers of Creation Units (each, an “Authorized Participant”) at NAV must pay a standard creation transaction fee per transaction. The fee is a single charge and will be the same regardless of the number of Creation Units purchased by an Authorized Participant on the same day.
An Authorized Participant who holds Creation Units and wishes to redeem at NAV would also pay a standard redemption fee per transaction to the Fund’s Custodian, on the date of such redemption, regardless of the number of Creation Units redeemed that day.
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Notes to Financial Statements (Continued)
October 31, 2024
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
If a Creation Unit is purchased or redeemed for cash, an additional variable fee may be charged. The following table discloses Creation Unit breakdown:
| | | Creation
Unit
Shares | | Creation
Fee | | Redemption
Fee |
| Global X Lithium & Battery Tech ETF | | | 10,000 | | | $ | 600 | | | $ | 600 | |
| Global X SuperDividend® ETF | | | 10,000 | | | | 900 | | | | 900 | |
| Global X Social Media ETF | | | 10,000 | | | | 250 | | | | 250 | |
| Global X Guru® Index ETF | | | 10,000 | | | | 250 | | | | 250 | |
| Global X SuperIncome™ Preferred ETF | | | 10,000 | | | | 250 | | | | 250 | |
| Global X SuperDividend® U.S. ETF | | | 10,000 | | | | 150 | | | | 150 | |
| Global X MSCI SuperDividend® Emerging Markets ETF | | | 10,000 | | | | 900 | | | | 900 | |
| Global X SuperDividend® REIT ETF | | | 10,000 | | | | 250 | | | | 250 | |
| Global X Renewable Energy Producers ETF | | | 10,000 | | | | 400 | | | | 400 | |
| Global X S&P 500® Catholic Values ETF | | | 10,000 | | | | 1,400 | | | | 1,400 | |
| Global X MSCI SuperDividend® EAFE ETF | | | 10,000 | | | | 300 | | | | 300 | |
| Global X E-commerce ETF | | | 10,000 | | | | 250 | | | | 250 | |
| Global X S&P Catholic Values Developed ex-U.S. ETF | | | 10,000 | | | | 2,700 | | | | 2,700 | |
| Global X NASDAQ 100® Tail Risk ETF | | | 10,000 | | | | 250 | | | | 250 | |
| Global X NASDAQ 100® Collar 95-110 ETF | | | 10,000 | | | | 300 | | | | 300 | |
| Global X S&P 500® Tail Risk ETF | | | 10,000 | | | | 800 | | | | 800 | |
| Global X S&P 500® Collar 95-110 ETF | | | 10,000 | | | | 1,700 | | | | 1,700 | |
| Global X Disruptive Materials ETF | | | 10,000 | | | | 400 | | | | 400 | |
| Global X Russell 2000 ETF | | | 10,000 | | | | 4,000 | | | | 4,000 | |
CASH OVERDRAFT CHARGES – Per the terms of an agreement with BBH, if a Fund for which BBH is Custodian has a cash overdraft on a given day, it will be assessed an overdraft charge equal to the applicable BBH Base Rate plus 2.00%. Prior to November 8, 2023, with respect to the Global X NASDAQ 100 Tail Risk ETF, and prior to August 12, 2024, with respect to the Global X Lithium & Battery Tech ETF, BBH acted as the Custodian for the respective Funds, and if a Fund had a cash overdraft on a given day, it was assessed an overdraft charge equal to the applicable BBH Base Rate plus 2.00%. Per the terms of an agreement with BNY Mellon, if a Fund for which BNY Mellon is Custodian has a cash overdraft, it will be charged interest at a rate then charged by BNY Mellon to its institutional custody clients in the relevant currency. Cash overdraft charges are included in custodian fees on the Statements of Operations.
OPTIONS/SWAPTIONS WRITING/PURCHASING – To the extent consistent with their investment policies, certain Funds may either purchase or write options.
When a Fund purchases an option, the premium paid by it is recorded as an asset of the Fund. When a Fund writes an option, an amount equal to the net premium (the premium less the commission) received by the Fund is included in the liability section of the Fund’s Statement of Assets and Liabilities as a deferred credit. The amount of this asset or deferred
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2. SIGNIFICANT ACCOUNTING POLICIES (continued)
credit will be subsequently marked-to-market to reflect the current value of the option purchased or written. The current value of the traded option is the last sale price or, in the absence of a sale, the current bid price. If an option purchased by a Fund expires unexercised, the Fund realizes a loss equal to the premium paid. If a Fund enters into a closing sale transaction on an option purchased by it, the Fund will realize a gain if the premium received by the Fund on the closing transaction is more than the premium paid to purchase the option, or a loss if it is less. If an option written by a Fund expires on the stipulated expiration date or if a Fund enters into a closing purchase transaction, it will realize a gain (or loss if the cost of a closing purchase transaction exceeds the net premium received when the option is sold) and the deferred credit related to such option will be eliminated. If an option written by a Fund is exercised, the proceeds of the sale will be increased by the net premium originally received and the Fund will realize a gain or loss.
Risks may arise from an imperfect correlation between the change in market value of the securities held and the prices of options relating to the securities purchased or sold and from possible lack of a liquid secondary market for an option. The maximum exposure to loss for any purchased option is limited to the premium initially paid for the option. Written uncovered call options subject a Fund to unlimited risk of loss. Written covered call options limit the upside potential of a security above the strike price. Written put options expose a Fund to risk of loss if the value of the security declines below the strike price.
The Global X NASDAQ 100® Tail Risk ETF, Global X NASDAQ 100® Collar 95-110 ETF, Global X S&P 500® Tail Risk ETF and Global X S&P 500® Collar 95-110 ETF may write covered call and/or put options that correspond to their respective reference index. By writing a covered call option, a Fund, in exchange for the premium, foregoes the opportunity for capital appreciation above the strike price should the market price of the underlying security increase. Conversely, by writing a put option, the Fund, in exchange for the premium, accepts the risk of having to purchase a security at a fixed strike price even should the price of the underlying security decrease, exposing the Fund to downside risk in the underlying security.
When the written option expires, is terminated or is sold, a Fund will record a gain or loss. The net realized gain or loss on options contracts is reflected in the Statements of Operations and the net unrealized gains/(losses) are included as a component of the net change in unrealized appreciation/(depreciation) on options contracts in the Statements of Operations.
3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS
On July 2, 2018, the Adviser consummated a transaction pursuant to which it became an indirect, wholly-owned subsidiary of Mirae Asset Global Investments Co., Ltd. (“Mirae”). In this manner, the Adviser is ultimately controlled by Mirae.
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Notes to Financial Statements (Continued)
October 31, 2024
3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)
The Adviser serves as the investment adviser and the administrator for the Funds. Subject to the supervision of the Board, the Adviser is responsible for managing the investment activities of the Funds and the Funds’ business affairs and other administrative matters and provides, or causes to be furnished, all supervisory, administrative and other services reasonably necessary for the operation of the Funds, including certain distribution services (provided pursuant to a separate distribution agreement), certain shareholder and distribution-related services (provided pursuant to a separate Rule 12b-1 Plan and related agreements) and investment advisory services (provided pursuant to a separate Investment Advisory Agreement), under what is essentially an “all-in” fee structure.
For the Adviser’s service to the respective Funds, under a supervision and administration agreement (the “Supervision and Administration Agreement”), each Fund pays a monthly fee to the Adviser at the annual rate below (stated as a percentage of the average daily net assets of each Fund) (the “Supervision and Administration Fee”). In addition, the Funds bear other expenses, directly and indirectly, that are not covered by the Supervision and Administration Agreement, which may vary and affect the total expense ratios of the Funds, such as taxes, brokerage fees, commissions, certain custodian fees, acquired fund fees, and other transaction expenses, interest expenses and extraordinary expenses (such as litigation and indemnification expenses).
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Notes to Financial Statements (Continued)
October 31, 2024
3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)
The following table discloses supervision and administration fees payable pursuant to the Supervision and Administration Agreement:
| | | Supervision and
Administration Fee |
| | | |
| Global X Lithium & Battery Tech ETF | | 0.75% |
| Global X SuperDividend® ETF(1) | | 0.58% |
| Global X Social Media ETF | | 0.65% |
| Global X Guru® Index ETF | | 0.75% |
| Global X SuperIncomeTM Preferred ETF | | 0.48% |
| Global X SuperDividend® U.S. ETF | | 0.45% |
| Global X MSCI SuperDividend® Emerging Markets ETF | | 0.65% |
| Global X SuperDividend® REIT ETF | | 0.58% |
| Global X Renewable Energy Producers ETF | | 0.65% |
| Global X S&P 500® Catholic Values ETF | | 0.29% |
| Global X MSCI SuperDividend® EAFE ETF | | 0.55% |
| Global X E-commerce ETF | | 0.50% |
| Global X S&P 500® Catholic Values Developed ex-U.S. ETF | | 0.35% |
| Global X NASDAQ 100® Tail Risk ETF | | 0.25% |
| Global X NASDAQ 100® Collar 95-110 ETF | | 0.25% |
| Global X S&P 500® Tail Risk ETF | | 0.25% |
| Global X S&P 500® Collar 95-110 ETF | | 0.25% |
| Global X Disruptive Materials ETF | | 0.59% |
| Global X Russell 2000 ETF | | 0.08% |
(1) Pursuant to an Expense Limitation Agreement, the Adviser has contractually agreed to reimburse or waive fees and/or limit expenses for the Global X SuperDividend® ETF to the extent necessary to assure that the operating expenses of the Global X SuperDividend® ETF (exclusive of taxes, brokerage fees, commissions, and other transaction expenses and extraordinary expenses (such as litigation and indemnification expenses)) will not exceed 0.58% of the average daily net assets of the Global X SuperDividend® ETF per year until at least March 1, 2026.
SEI Investments Global Funds Services (“SEIGFS”) serves as sub-administrator to the Funds. As sub-administrator, SEIGFS provides the Funds with all required general administrative services, including, without limitation: office space, equipment, and personnel; clerical and general back office services; bookkeeping, internal accounting and secretarial services; the calculation of NAV; and assistance with the preparation and filing of reports, registration statements, proxy statements, and other materials required to be filed or furnished by the Funds under federal and state securities laws. As compensation
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Notes to Financial Statements (Continued)
October 31, 2024
3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)
for these services, SEIGFS receives certain out-of-pocket costs, transaction fees, and asset-based fees which are accrued daily and paid monthly by the Adviser.
SEI Investments Distribution Co. (“SIDCO”) serves as the Funds’ underwriter and distributor of Creation Units pursuant to a distribution agreement (the “Distribution Agreement”). SIDCO has no obligation to sell any specific quantity of Shares of the Funds.
SIDCO bears the following costs and expenses relating to the distribution of Shares: (i) the costs of processing and maintaining records of creations of Creation Units; (ii) all costs of maintaining the records required of a registered broker/dealer; (iii) the expenses of maintaining its registration or qualification as a dealer or broker under federal or state laws; (iv) filing fees; and (v) all other expenses incurred in connection with the distribution services as contemplated in the Distribution Agreement. SIDCO receives no fee from the Funds for its distribution services under the Distribution Agreement, rather, the Adviser compensates SIDCO for certain expenses, out-of-pocket costs, and transaction fees.
BBH serves as Custodian and transfer agent of the Global X Guru® Index ETF, Global X SuperIncome™ Preferred ETF, Global X S&P 500® Catholic Values ETF, Global X NASDAQ 100® Collar 95-110 ETF, Global X S&P 500® Collar 95-110 ETF and the Global X Russell 2000 ETF. For the Funds for which it serves as Custodian, BBH has agreed to (i) make receipts and disbursements of money on behalf of the Funds; (ii) collect and receive all income and other payments and distributions on account of the Funds’ portfolio investments; (iii) respond to correspondence from shareholders, security brokers and others relating to its duties; and (iv) make periodic reports to the Funds concerning the Funds’ operations. BBH does not exercise any supervisory function over the purchase and sale of securities. As compensation for these services, BBH receives certain out-of-pocket costs, transaction fees and asset-based fees which are accrued daily and paid monthly by the Adviser from its fees. For the Funds which it serves as transfer agent, BBH has agreed to (i) issue and redeem Shares of each Fund; (ii) make dividend and other distributions to shareholders of each Fund; (iii) respond to correspondence by shareholders and others relating to its duties; (iv) maintain shareholder accounts; and (v) make periodic reports to the Funds. As compensation for these services, BBH receives certain out-of-pocket costs, transaction fees and asset-based fees which are accrued daily and paid monthly by the Adviser from its fees.
For all Funds other than the Global X Guru® Index ETF, Global X SuperIncome™ Preferred ETF, Global X S&P 500® Catholic Values ETF, Global X NASDAQ 100® Collar 95-110 ETF, Global X S&P 500® Collar 95-110 ETF and the Global X Russell 2000 ETF, BNY Mellon serves as Custodian and transfer agent to the Trust on behalf of the Funds. As Custodian, BNY Mellon may appoint domestic and foreign sub-custodians and use depositories from time to time to hold securities and other instruments purchased by the Trust in foreign countries and to hold cash and currencies for the Trust on behalf of the
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Notes to Financial Statements (Continued)
October 31, 2024
3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)
Funds. Under its transfer agency agreement with the Trust, BNY Mellon has undertaken with the Trust to provide the following services with respect to the Funds for which it serves as transfer agent: (i) perform and facilitate the performance of purchases and redemptions of Creation Units, (ii) prepare and transmit by means of Depository Trust Company’s book-entry system payments for dividends and distributions on or with respect to the Shares declared by the Trust on behalf of the Fund, as applicable, (iii) prepare and deliver reports, information and documents as specified in the transfer agency agreement, (iv) perform the customary services of a transfer agent and dividend disbursing agent, and (v) render certain other miscellaneous services as specified in the transfer agency agreement or as otherwise agreed upon.
The Custodian and transfer agent for the Global X NASDAQ 100 Tail Risk ETF transitioned from BBH to BNY Mellon on November 8, 2023.
The Custodian and transfer agent for the Global X Lithium & Battery Tech ETF transitioned from BBH to BNY Mellon on August 12, 2024.
4. INVESTMENT TRANSACTIONS
For the period ended October 31, 2024, the purchases and sales of investments in securities, excluding in-kind transactions, long-term U.S. Government and short-term securities were:
| | | Purchases | | | Sales and
Maturities | |
| Global X Lithium & Battery Tech ETF | | $ | 361,281,311 | | | $ | 623,249,944 | |
| Global X SuperDividend® ETF | | | 725,346,416 | | | | 702,860,371 | |
| Global X Social Media ETF | | | 24,026,374 | | | | 28,267,250 | |
| Global X Guru® Index ETF | | | 44,443,881 | | | | 44,205,722 | |
| Global X SuperIncome™ Preferred ETF | | | 101,955,307 | | | | 101,606,692 | |
| Global X SuperDividend® U.S. ETF | | | 327,605,076 | | | | 350,615,386 | |
| Global X MSCI SuperDividend® Emerging Markets ETF | | | 38,089,743 | | | | 44,075,713 | |
| Global X SuperDividend® REIT ETF | | | 188,147,050 | | | | 193,889,363 | |
| Global X Renewable Energy Producers ETF | | | 6,639,983 | | | | 8,974,783 | |
| Global X S&P 500® Catholic Values ETF | | | 69,681,980 | | | | 69,464,439 | |
| Global X MSCI SuperDividend® EAFE ETF | | | 7,082,754 | | | | 6,799,029 | |
| Global X E-commerce ETF | | | 20,753,875 | | | | 20,835,608 | |
| Global X S&P Catholic Values Developed ex-U.S. ETF | | | 1,848,143 | | | | 1,701,258 | |
| Global X NASDAQ 100® Tail Risk ETF | | | 129,300 | | | | 214,571 | |
| Global X NASDAQ 100® Collar 95-110 ETF | | | 203,183 | | | | 307,703 | |
| Global X S&P 500® Tail Risk ETF | | | 93,818 | | | | 153,610 | |
| Global X S&P 500® Collar 95-110 ETF | | | 79,650 | | | | 169,254 | |
| Global X Disruptive Materials ETF | | | 1,387,895 | | | | 2,152,267 | |
| Global X Russell 2000 ETF | | | 111,372,964 | | | | 112,268,546 | |
During the period ended October 31, 2024, there were no purchases or sales of long-term U.S. Government securities for the Funds.
247
Notes to Financial Statements (Continued)
October 31, 2024
4. INVESTMENT TRANSACTIONS (continued)
For the period ended October 31, 2024, in-kind transactions associated with creations and redemptions were:
| | | Purchases | | | Sales | | | Realized
Gain/(Loss) | |
| Global X Lithium & Battery Tech ETF | | $ | 60,699,337 | | | $ | 445,747,720 | | | $ | 29,865,526 | |
| Global X SuperDividend® ETF | | | 16,308,690 | | | | 15,870,180 | | | | 2,514,940 | |
| Global X Social Media ETF | | | 13,997,367 | | | | 58,846,342 | | | | 13,678,121 | |
| Global X Guru® Index ETF | | | 29,129,108 | | | | 41,630,923 | | | | 9,563,796 | |
| Global X SuperIncome™ Preferred ETF | | | 51,104,695 | | | | 82,666,697 | | | | 4,803,085 | |
| Global X SuperDividend® U.S. ETF | | | 51,383,221 | | | | 89,244,364 | | | | 12,543,417 | |
| Global X MSCI SuperDividend® Emerging Markets ETF | | | – | | | | 3,930,238 | | | | 352,616 | |
| Global X SuperDividend® REIT ETF | | | 9,171,252 | | | | 37,446,370 | | | | 2,447,207 | |
| Global X Renewable Energy Producers ETF | | | – | | | | 10,172,056 | | | | (4,772,238 | ) |
| Global X S&P 500® Catholic Values ETF | | | 101,314,085 | | | | 111,167,613 | | | | 52,376,429 | |
| Global X MSCI SuperDividend® EAFE ETF | | | 4,345,706 | | | | 5,444,810 | | | | 673,738 | |
| Global X E-commerce ETF | | | 2,409,485 | | | | 38,594,525 | | | | 9,168,929 | |
| Global X S&P Catholic Values Developed ex-U.S. ETF | | | 4,255,821 | | | | 9,141,002 | | | | 1,933,961 | |
| Global X NASDAQ 100® Tail Risk ETF | | | 1,331,450 | | | | 504,146 | | | | 64,183 | |
| Global X NASDAQ 100® Collar 95-110 ETF | | | – | | | | 811,531 | | | | 122,966 | |
| Global X S&P 500® Tail Risk ETF | | | 291,538 | | | | 912,271 | | | | 194,866 | |
| Global X S&P 500® Collar 95-110 ETF | | | – | | | | 892,135 | | | | 159,018 | |
| Global X Disruptive Materials ETF | | | 386,696 | | | | 2,187,044 | | | | (42,158 | ) |
| Global X Russell 2000 ETF | | | 1,611,182,295 | | | | 302,951,114 | | | | 28,411,651 | |
5. DERIVATIVE TRANSACTIONS
The following tables show the derivatives categorized by underlying risk exposure.
The following tables show the fair value of the derivative financial instruments and the location in the Statement of Assets and Liabilities categorized by underlying risk exposure as of October 31, 2024.
| Asset Derivatives | | Liability Derivatives | |
| | | | | Fair Value | | | | | | | Fair Value | | |
| | | | | | | | | | | | | | |
| Global X SuperDividend® ETF | | | | | | | | | | | |
| Equity contracts | | Unrealized appreciation on Future Contracts | | $ | – | | | Equity contracts | | Unrealized depreciation on Future Contracts | | $ | (77,629 | ) | * |
| Total Derivatives not accounted for as hedging instruments | | $ | – | | | | | | | $ | (77,629 | ) | |
248
Notes to Financial Statements (Continued)
October 31, 2024
5. DERIVATIVE TRANSACTIONS (continued)
| Asset Derivatives | | Liability Derivatives | |
| | | | | Fair Value | | | | | | | Fair Value | | |
| | | | | | | | | | | | | | |
| Global X MSCI SuperDividend® Emerging Markets ETF | | | | | | | | | | | | | |
| Equity contracts | | Unrealized appreciation on Future Contracts | | $ | – | | | Equity contracts | | Unrealized depreciation on Future Contracts | | $ | (3,092 | ) | * |
| Total Derivatives not accounted for as hedging instruments | | $ | – | | | | | | | $ | (3,092 | ) | |
| | | | | | | | | | | | | | | | |
| Global X SuperDividend® REIT ETF | | | | | | | | | | | | | |
| Equity contracts | | Unrealized appreciation on Future Contracts | | $ | – | | | Equity contracts | | Unrealized depreciation on Future Contracts | | $ | (53,446 | ) | * |
| Total Derivatives not accounted for as hedging instruments | | $ | – | | | | | | | $ | (53,446 | ) | |
| | | | | | | | | | | | | | | | |
| Global X NASDAQ 100® Tail Risk ETF | | | | | | | | | | | | | |
| Equity contracts | | Investments, at value | | $ | 20,100 | | ** | Equity contracts | | Options written, at value | | $ | – | | |
| Total Derivatives not accounted for as hedging instruments | | $ | 20,100 | | | | | | | $ | – | | |
| | | | | | | | | | | | | | | | |
| Global X NASDAQ 100® Collar 95-110 ETF | | | | | | | | | | | | |
| Equity contracts | | Investments, at value | | $ | 18,270 | | ** | Equity contracts | | Options written, at value | | $ | 7,200 | | |
| Total Derivatives not accounted for as hedging instruments | | $ | 18,270 | | | | | | | $ | 7,200 | | |
| | | | | | | | | | | | | | | | |
| Global X S&P 500® Tail Risk ETF | | | | | | | | | | | | | |
| Equity contracts | | Investments, at value | | $ | 16,068 | | ** | Equity contracts | | Options written, at value | | $ | – | | |
| Total Derivatives not accounted for as hedging instruments | | $ | 16,068 | | | | | | | $ | – | | |
| | | | | | | | | | | | | | | | |
| Global X S&P 500® Collar 95-110 ETF | | | | | | | | | | | | | |
| Equity contracts | | Investments, at value | | $ | 21,384 | | ** | Equity contracts | | Options written, at value | | $ | 1,496 | | |
| Total Derivatives not accounted for as hedging instruments | | $ | 21,384 | | | | | | | $ | 1,496 | | |
249
Notes to Financial Statements (Continued)
October 31, 2024
5. DERIVATIVE TRANSACTIONS (continued)
| Asset Derivatives | | Liability Derivatives | |
| | | | | Fair Value | | | | | | | Fair Value | | |
| | | | | | | | | | | | | | |
| Global X Russell 2000 ETF | | | | | | | | | | | | | |
| Equity contracts | | Unrealized appreciation on Future Contracts | | $ | – | | | Equity contracts | | Unrealized depreciation on Future Contracts | | $ | (12,072 | ) | * |
| Total Derivatives not accounted for as hedging instruments | | $ | – | | | | | | | $ | (12,072 | ) | |
*Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statements of Assets and Liabilities.
**Includes purchased options and/or swaptions.
The effect of derivative instruments on the Statements of Operations for the year ended October 31, 2024:
Amount of realized gain or (loss) on derivatives recognized in income:
| | | Purchased
Options | | Written
Options | | Futures | |
| Global X SuperDividend® ETF | | | | | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | — | | | $ | 110,327 | | |
| | | | | | | | | | | | | | |
| Global X MSCI SuperDividend® Emerging Markets ETF | | | | | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | — | | | $ | (19,162 | ) | |
| | | | | | | | | | | | | | |
| Global X SuperDividend® REIT ETF | | | | | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | — | | | $ | 196,399 | | |
| | | | | | | | | | | | | | |
| Global X NASDAQ 100® Tail Risk ETF | | | | | | | | | | | | | |
| Equity contracts | | $ | (69,819 | ) | | $ | — | | | $ | — | | |
| | | | | | | | | | | | | | |
| Global X NASDAQ 100® Collar 95-110 ETF | | | | | | | | | | | | | |
| Equity contracts | | $ | 20,521 | | | $ | (121,089 | ) | | $ | — | | |
| | | | | | | | | | | | | | |
| Global X S&P 500® Tail Risk ETF | | | | | | | | | | | | | |
| Equity contracts | | $ | (51,871 | ) | | $ | — | | | $ | — | | |
| | | | | | | | | | | | | | |
| Global X S&P 500® Collar 95-110 ETF | | | | | | | | | | | | | |
| Equity contracts | | $ | (86,950 | ) | | $ | 11,977 | | | $ | — | | |
| | | | | | | | | | | | | | |
| Global X Russell 2000 ETF | | | | | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | — | | | $ | (26,200 | ) | |
250
Notes to Financial Statements (Continued)
October 31, 2024
5. DERIVATIVE TRANSACTIONS (continued)
Change in unrealized appreciation or (depreciation) on derivatives recognized in income:
| | | Purchased
Options | | Written
Options | | Futures | |
| Global X SuperDividend® ETF | | | | | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | — | | | $ | (77,629 | ) | |
| | | | | | | | | | | | | | |
| Global X MSCI SuperDividend® Emerging Markets ETF | | | | | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | — | | | $ | (3,092 | ) | |
| | | | | | | | | | | | | | |
| Global X SuperDividend® REIT ETF | | | | | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | — | | | $ | (53,446 | ) | |
| | | | | | | | | | | | | | |
| Global X NASDAQ 100® Tail Risk ETF | | | | | | | | | | | | | |
| Equity contracts | | $ | (12,582 | ) | | $ | — | | | $ | — | | |
| | | | | | | | | | | | | | |
| Global X NASDAQ 100® Collar 95-110 ETF | | | | | | | | | | | | | |
| Equity contracts | | $ | (34,552 | ) | | $ | (4,958 | ) | | $ | — | | |
| | | | | | | | | | | | | | |
| Global X S&P 500® Tail Risk ETF | | | | | | | | | | | | | |
| Equity contracts | | $ | (10,832 | ) | | $ | — | | | $ | — | | |
| | | | | | | | | | | | | | |
| Global X S&P 500® Collar 95-110 ETF | | | | | | | | | | | | | |
| Equity contracts | | $ | (33,618 | ) | | $ | (602 | ) | | $ | — | | |
| | | | | | | | | | | | | | |
| Global X Russell 2000 ETF | | | | | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | — | | | $ | (12,072 | ) | |
The following table discloses the average monthly balances of the Funds’ Futures activity during the year ended October 31, 2024:
| | | Average Notional
Balance Short | | | Average Notional
Balance Long | |
| Global X SuperDividend® ETF | | | $- | | | | $7,003,340 | |
| Global X MSCI SuperDividend® Emerging Markets ETF | | | - | | | | 82,478 | |
| Global X SuperDividend® REIT ETF | | | - | | | | 445,970 | |
| Global X Russell 2000 ETF | | | - | | | | 2,610,352 | |
The following table discloses the average monthly balances of the Funds’ options activity during the year ended October 31, 2024:
| | | Average Market
Value Contracts
Written | | | Average Market
Value Contracts
Purchased | |
| Global X NASDAQ 100® Tail Risk ETF | | | $- | | | | $19,921 | |
| Global X NASDAQ 100® Collar 95-110 ETF | | | (10,037 | ) | | | 29,698 | |
| Global X S&P 500® Tail Risk ETF | | | - | | | | 13,561 | |
| Global X S&P 500® Collar 95-110 ETF | | | (3,009 | ) | | | 21,922 | |
251
Notes to Financial Statements (Continued)
October 31, 2024
6. TAX INFORMATION
The Global X SuperDividend® REIT ETF has a tax year that ends on December 31. The following tax disclosures are representative as of October 31, 2024. Accordingly, the disclosures are for informational use by shareholders and are subject to changes attributable to activity through the end of the tax year ending December 31, 2024.
The amount and character of income and capital gain distributions to be paid, if any, are determined in accordance with Federal income tax regulations, which may differ from U.S. GAAP. As a result, net investment income (loss) and net realized gain (loss) on investment transactions for a reporting period may differ significantly from distributions during such period. These book/tax differences may be temporary or permanent. To the extent these differences are permanent in nature, they are charged or credited to undistributed net investment income (loss), accumulated net realized gain (loss) or paid-in capital, as appropriate, in the period that the differences arise.
The differences have been reclassified on the Statements of Assets and Liabilities to/from the Paid-in-Capital and Total Earnings (Accumulated Losses) accounts during the fiscal year ended October 31, 2024 are primarily attributable to preferred stock interest, foreign currency, redemptions in-kind, REIT adjustments, MLP adjustments, return of capital distributions, and sales of passive foreign investment companies.
The tax character of dividends and distributions declared during the periods ended October 31, 2024 and October 31, 2023 were as follows:
| Global X Funds | | Ordinary
Income | | | Long-Term
Capital Gain | | | Return of Capital | | | Totals | |
| Global X Lithium & Battery Tech ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 22,783,171 | | | $ | – | | | $ | – | | | $ | 22,783,171 | |
| 2023 | | | 38,976,032 | | | | – | | | | – | | | | 38,976,032 | |
| Global X SuperDividend® ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 82,970,679 | | | $ | – | | | $ | – | | | $ | 82,970,679 | |
| 2023 | | | 71,554,165 | | | | – | | | | 17,865,200 | | | | 89,419,365 | |
| Global X Social Media ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 378,226 | | | $ | – | | | $ | 173,861 | | | $ | 552,087 | |
| 2023 | | | 696,865 | | | | – | | | | – | | | | 696,865 | |
| Global X Guru® Index ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 217,907 | | | $ | – | | | $ | – | | | $ | 217,907 | |
| 2023 | | | 140,340 | | | | – | | | | 13,339 | | | | 153,679 | |
| Global X SuperIncome™ Preferred ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 9,677,017 | | | $ | – | | | $ | – | | | $ | 9,677,017 | |
| 2023 | | | 12,843,440 | | | | – | | | | – | | | | 12,843,440 | |
| Global X SuperDividend® U.S. ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 38,896,520 | | | $ | – | | | $ | – | | | $ | 38,896,520 | |
| 2023 | | | 32,670,182 | | | | – | | | | 12,029,058 | | | | 44,699,240 | |
| Global X MSCI SuperDividend® Emerging Markets ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 3,099,999 | | | $ | – | | | $ | – | | | $ | 3,099,999 | |
252
Notes to Financial Statements (Continued)
October 31, 2024
6. TAX INFORMATION (continued)
| Global X Funds | | Ordinary
Income | | | Long-Term
Capital Gain | | | Return of Capital | | | Totals | |
| 2023 | | | 3,319,170 | | | | – | | | | – | | | | 3,319,170 | |
| Global X SuperDividend® REIT ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 15,618,158 | | | $ | – | | | $ | 3,572,605 | | | $ | 19,190,763 | |
| 2023 | | | 17,667,250 | | | | – | | | | 6,960,250 | | | | 24,627,500 | |
| Global X Renewable Energy Producers ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 604,064 | | | $ | – | | | $ | – | | | $ | 604,064 | |
| 2023 | | | 839,231 | | | | – | | | | – | | | | 839,231 | |
| Global X S&P 500® Catholic Values ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 8,941,586 | | | $ | – | | | $ | – | | | $ | 8,941,586 | |
| 2023 | | | 7,699,184 | | | | – | | | | – | | | | 7,699,184 | |
| Global X MSCI SuperDividend® EAFE ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 677,906 | | | $ | – | | | $ | – | | | $ | 677,906 | |
| 2023 | | | 736,065 | | | | – | | | | – | | | | 736,065 | |
| Global X E-commerce ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 154,261 | | | $ | – | | | $ | – | | | $ | 154,261 | |
| 2023 | | | – | | | | – | | | | 42,666 | | | | 42,666 | |
| Global X S&P Catholic Values Developed ex-U.S. ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 400,397 | | | $ | – | | | $ | – | | | $ | 400,397 | |
| 2023 | | | 253,178 | | | | – | | | | – | | | | 253,178 | |
| Global X NASDAQ 100® Tail Risk ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 10,896 | | | $ | – | | | $ | – | | | $ | 10,896 | |
| 2023 | | | 4,771 | | | | – | | | | – | | | | 4,771 | |
| Global X NASDAQ 100® Collar 95-110 ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 13,700 | | | $ | – | | | $ | – | | | $ | 13,700 | |
| 2023 | | | 8,877 | | | | – | | | | – | | | | 8,877 | |
| Global X S&P 500® Tail Risk ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 32,910 | | | $ | – | | | $ | – | | | $ | 32,910 | |
| 2023 | | | 32,745 | | | | – | | | | – | | | | 32,745 | |
| Global X S&P 500® Collar 95-110 ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 28,907 | | | $ | – | | | $ | – | | | $ | 28,907 | |
| 2023 | | | 40,011 | | | | – | | | | – | | | | 40,011 | |
| Global X Disruptive Materials ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 77,577 | | | $ | – | | | $ | – | | | $ | 77,577 | |
| 2023 | | | 77,885 | | | | – | | | | – | | | | 77,885 | |
| Global X Russell 2000 ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 5,855,188 | | | $ | – | | | $ | – | | | $ | 5,855,188 | |
253
Notes to Financial Statements (Continued)
October 31, 2024
6. TAX INFORMATION (continued)
As of October 31, 2024, the components of tax basis distributable earnings (accumulated losses) were as follows:
| | | Global X
Lithium &
Battery Tech
ETF | | Global X
SuperDividend®
ETF | | Global X Social
Media ETF | | Global X Guru®
Index ETF |
| Undistributed Ordinary Income | | $ | 3,436,019 | | | $ | 888,762 | | | $ | – | | | $ | 21,397 | |
| Capital Loss Carryforwards | | | (882,792,076 | ) | | | (908,065,258 | ) | | | (120,218,712 | ) | | | (22,063,459 | ) |
| Unrealized Appreciation (Depreciation) on Investments and Foreign Currency | | | (449,560,629 | ) | | | (58,614,907 | ) | | | (54,711,040 | ) | | | 4,415,283 | |
| Other Temporary Differences | | | (14 | ) | | | (18 | ) | | | – | | | | (8 | ) |
| Total Accumulated Losses | | $ | (1,328,916,700 | ) | | $ | (965,791,421 | ) | | $ | (174,929,752 | ) | | $ | (17,626,787 | ) |
| | | Global X
SuperIncome™
Preferred ETF | | Global X
SuperDividend®
U.S. ETF | | Global X MSCI
SuperDividend®
Emerging
Markets ETF | | Global X
SuperDividend®
REIT ETF(1) |
| Undistributed Ordinary Income | | $ | 921,559 | | | $ | 3,070,672 | | | $ | 18,968 | | | $ | – | |
| Capital Loss Carryforwards | | | (110,398,997 | ) | | | (225,863,294 | ) | | | (28,311,077 | ) | | | (256,944,305 | ) |
| Unrealized Appreciation (Depreciation) on Investments and Foreign Currency | | | 2,243,648 | | | | 63,708,666 | | | | (3,491,210 | ) | | | (24,941,511 | ) |
| Other Temporary Differences | | | 5 | | | | 12 | | | | 2 | | | | (1,501,395 | ) |
| Total Accumulated Losses | | $ | (107,233,785 | ) | | $ | (159,083,944 | ) | | $ | (31,783,317 | ) | | $ | (283,387,211 | ) |
| | | Global X
Renewable
Energy
Producers ETF | | Global X S&P
500® Catholic
Values ETF | | Global X MSCI
SuperDividend®
EAFE ETF | | Global X
E-commerce
ETF |
| Undistributed Ordinary Income | | $ | 139,064 | | | $ | 3,660,940 | | | $ | 92,194 | | | $ | 8,059 | |
| Capital Loss Carryforwards | | | (15,933,993 | ) | | | (10,138,232 | ) | | | (2,474,979 | ) | | | (38,416,541 | ) |
| Unrealized Appreciation (Depreciation) on Investments and Foreign Currency | | | (28,691,600 | ) | | | 254,756,142 | | | | (188,218 | ) | | | (8,273,857 | ) |
| Other Temporary Differences | | | (2 | ) | | | 2 | | | | (5 | ) | | | (1 | ) |
| Total Distributable Earnings (Accumulated Losses) | | $ | (44,486,531 | ) | | $ | 248,278,852 | | | $ | (2,571,008 | ) | | $ | (46,682,340 | ) |
254
Notes to Financial Statements (Continued)
October 31, 2024
6. TAX INFORMATION (continued)
| | | Global X S&P
Catholic Values
Developed ex-
U.S. ETF | | Global X
NASDAQ 100®
Tail Risk ETF | | Global X
NASDAQ 100®
Collar 95-110
ETF | | Global X S&P
500® Tail Risk
ETF |
| Undistributed Ordinary Income | | $ | 135,295 | | | $ | 5,302 | | | $ | 148,262 | | | $ | 438,647 | |
| Capital Loss Carryforwards | | | (402,429 | ) | | | (17,798 | ) | | | – | | | | – | |
| Unrealized Appreciation on Investments and Foreign Currency | | | 330,607 | | | | – | | | | – | | | | – | |
| Other Temporary Differences | | | (1 | ) | | | – | | | | 1 | | | | (1 | ) |
| Total Distributable Earnings (Accumulated Losses) | | $ | 63,472 | | | $ | (12,496 | ) | | $ | 148,263 | | | $ | 438,646 | |
| | | Global X S&P
500® Collar 95-
110 ETF | | Global X
Disruptive
Materials ETF | | Global X Russell
2000 ETF |
| Undistributed Ordinary Income | | $ | 298,046 | | | $ | 32,282 | | | $ | 4,795,651 | |
| Capital Loss Carryforwards | | | – | | | | (1,787,121 | ) | | | – | |
| Unrealized Appreciation (Depreciation) on Investments and Foreign Currency | | | – | | | | (966,772 | ) | | | 93,047,902 | |
| Other Temporary Differences | | | – | | | | (2 | ) | | | (1 | ) |
| Total Distributable Earnings (Accumulated Losses) | | $ | 298,046 | | | $ | (2,721,613 | ) | | $ | 97,843,552 | |
| (1) | The Global X SuperDividend® REIT ETF has a tax year that ends on December 31. |
For taxable years beginning after December 22, 2010, a Registered Investment Company within the meaning of the 1940 Act is permitted to carry forward net capital losses to offset capital gains realized in later years, and the losses carried forward retain their original character as either long-term or short-term losses.
The Federal tax cost basis of investments and aggregate gross unrealized appreciation and depreciation on investments held by the Funds at October 31, 2024 were as follows:
| Global X Funds | | Federal Tax
Cost | | | Aggregated
Gross
Unrealized
Appreciation | | | Aggregated
Gross
Unrealized
Depreciation | | | Net Unrealized
Appreciation
(Depreciation) | |
| Global X Lithium & Battery Tech ETF | | $ | 1,795,904,248 | | | $ | 135,284,827 | | | $ | (584,845,456) | | | $ | (449,560,629) | |
| Global X SuperDividend® ETF | | | 860,539,248 | | | | 66,583,383 | | | | (125,198,290) | | | | (58,614,907) | |
| Global X Social Media ETF | | | 175,216,292 | | | | 13,610,753 | | | | (68,321,793) | | | | (54,711,040) | |
| Global X Guru® Index ETF | | | 41,087,457 | | | | 7,142,840 | | | | (2,727,557) | | | | 4,415,283 | |
| Global X SuperIncome™ Preferred ETF | | | 159,386,386 | | | | 4,982,781 | | | | (2,739,133) | | | | 2,243,648 | |
| Global X SuperDividend® U.S. ETF | | | 579,022,914 | | | | 109,196,100 | | | | (45,487,434) | | | | 63,708,666 | |
| Global X MSCI SuperDividend®Emerging Markets ETF | | | 40,939,006 | | | | 3,803,523 | | | | (7,294,733) | | | | (3,491,210) | |
| Global X SuperDividend® REIT ETF | | | 215,549,747 | | | | 16,205,529 | | | | (13,105,616) | | | | 3,099,913 | |
255
Notes to Financial Statements (Continued)
October 31, 2024
6. TAX INFORMATION (continued)
| Global X Funds | | Federal Tax
Cost | | | Aggregated
Gross
Unrealized
Appreciation | | | Aggregated
Gross
Unrealized
Depreciation | | | Net Unrealized
Appreciation
(Depreciation) | |
| Global X Renewable Energy Producers ETF | | $ | 63,802,647 | | | $ | 890,538 | | | $ | (29,582,138) | | | $ | (28,691,600) | |
| Global X S&P 500® Catholic Values ETF | | | 643,670,534 | | | | 291,447,978 | | | | (36,691,836) | | | | 254,756,142 | |
| Global X MSCI SuperDividend® EAFE ETF | | | 10,882,517 | | | | 697,514 | | | | (885,732) | | | | (188,218) | |
| Global X E-commerce ETF | | | 68,294,040 | | | | 11,322,251 | | | | (19,596,108) | | | | (8,273,857) | |
| Global X S&P Catholic Values Developed ex-U.S. ETF | | | 12,356,322 | | | | 1,287,160 | | | | (956,553) | | | | 330,607 | |
| Global X NASDAQ 100® Tail Risk ETF | | | 2,705,540 | | | | 552,724 | | | | (552,724) | | | | – | |
| Global X NASDAQ 100® Collar 95-110 ETF | | | 1,801,980 | | | | 479,325 | | | | (479,325) | | | | – | |
| Global X S&P 500® Tail Risk ETF | | | 2,569,358 | | | | 642,942 | | | | (642,942) | | | | – | |
| Global X S&P 500® Collar 95-110 ETF | | | 1,915,599 | | | | 493,028 | | | | (493,028) | | | | – | |
| Global X Disruptive Materials ETF | | | 6,925,623 | | | | 343,185 | | | | (1,309,957) | | | | (966,772) | |
| Global X Russell 2000 ETF | | | 1,362,605,944 | | | | 178,430,698 | | | | (85,382,796) | | | | 93,047,902 | |
The preceding differences between book and tax cost are primarily due to mark-to-market treatment of passive foreign investment companies, mixed straddles, MLP adjustments, wash sales and differences due to preferred debt securities.
7. CONCENTRATION OF RISKS
The Funds invest in securities of foreign issuers in various countries. These investments may involve certain considerations and risks not typically associated with investments in the United States as a result of, among other factors, the possibility of future political and economic developments, the level of governmental supervision and regulation of securities markets in the respective countries.
The securities markets of emerging market countries are less liquid, subject to greater price volatility, and have a smaller market capitalization than the U.S. securities markets. In certain countries, there may be fewer publicly traded securities and the market may be dominated by a few issuers or sectors. Issuers and securities markets in such countries are not subject to as extensive and frequent accounting, financial and other reporting requirements or as comprehensive government regulations as are issuers and securities markets in the United States. In particular, the assets and profits appearing on the financial statements of emerging market country issuers may not reflect their financial position or results of operations in the same manner as financial statements for U.S. issuers.
256
Notes to Financial Statements (Continued)
October 31, 2024
7. CONCENTRATION OF RISKS (continued)
Substantially less information may be publicly available about emerging market country issuers than is available about issuers in the United States.
The Funds may be subject to taxes imposed by countries in which they invest. Such taxes are generally based on either income, gains earned or repatriated. The Funds accrue and apply such taxes to net investment income, net realized gains and net unrealized gains as income and/or capital gains are earned.
Except for the Global X Russell 2000 ETF, which uses a representative sampling strategy, the Funds use a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of an underlying index (also known as a secondary index) in approximately the same proportions as in the underlying index. A representative sampling strategy is an indexing strategy that involves investing in a representative sample of securities (including indirect investments through underlying ETFs) that collectively has an investment profile similar to an underlying index in terms of key risk factors, performance attributes and other characteristics. Each Fund may utilize a representative sampling strategy with respect to its underlying index when a replication strategy might be detrimental to its shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to follow their underlying index, or, in certain instances, when securities in the underlying index become temporarily illiquid, unavailable or less liquid, or due to legal restrictions (such as diversification requirements that apply to a Fund but not the underlying index).
Certain Funds may invest in commodity related securities, which are susceptible to fluctuations in certain commodity markets. Any negative changes in commodity markets could have a great impact on those securities.
Please refer to each Fund’s prospectus and statement of additional information (“SAI”) for a more complete description of risks.
8. LOANS OF PORTFOLIO SECURITIES
Each Fund may lend portfolio securities having a market value up to one-third of its total assets. Security loans made pursuant to securities lending agreements with BBH and BNY Mellon are initially required to be secured by collateral equal to at least 102% of the value of domestic equity securities and American Depositary Receipts (“ADRs”) and 105% of the value of foreign equity securities (other than ADRs). Such collateral received in connection with these loans will be cash and can be invested in repurchase agreements, short-term investments or U.S. Treasury obligations, and is recognized in the Schedules of Investments and Statements of Assets and Liabilities. The obligation to return securities lending collateral is also recognized as a liability in the Statements of Assets and Liabilities. It is each Fund’s policy to obtain additional collateral from or return excess collateral to the borrower by the end of the next business day, following the valuation date of the securities
257
Notes to Financial Statements (Continued)
October 31, 2024
8. LOANS OF PORTFOLIO SECURITIES (continued)
loaned. Therefore, the value of the collateral held may be temporarily less than the value of the securities on loan.
Securities pledged as collateral for repurchase agreements held in the Global X Lithium & Battery Tech ETF, Global X SuperDividend® ETF, Global X Social Media ETF, Global X Guru® Index ETF, Global X SuperDividend® U.S. ETF, Global X MSCI SuperDividend® Emerging Markets ETF, Global X Renewable Energy Producers ETF, and Global X E-commerce ETF, are held by BNY Mellon and are designated as being held on each Fund’s behalf under a book-entry system. The Funds monitor the adequacy of the collateral on a daily basis and can require the seller to provide additional collateral in the event the market value of the securities pledged falls below the carrying value of the repurchase agreement, including accrued interest. It is each Fund’s policy to only enter into repurchase agreements with banks and other financial institutions which are deemed by the Adviser to be creditworthy. The Funds bear the risk of loss in the event the other party to a repurchase agreement defaults on its obligations and the Fund is prevented from exercising its rights to dispose of the underlying securities received as collateral and the risk of a possible decline in the value of the underlying securities during the period. For financial statement purposes, the Funds record the securities lending collateral (including in repurchase agreements, at value or restricted cash) as an asset and the obligation to return securities lending collateral as a liability on the Statement of Assets and Liabilities.
Cash collateral received in connection with securities lending is invested in repurchase agreements and short-term investments by the lending agent. The Funds do not have effective control of the non-cash collateral and therefore it is not disclosed in the Funds’ Schedule of Investments.
Securities lending transactions are entered into by the Funds under the Securities Lending Agreement, which permits a Fund, under certain circumstances such as an event of default, to offset amounts payable by the Fund to the same counterparty against amounts receivable from the counterparty to create a net payment due to or from the Fund.
The following is a summary of securities lending agreements held by the Funds, with cash collateral of overnight maturities and non-cash collateral, which would be subject to offset as of October 31, 2024.
258
Notes to Financial Statements (Continued)
October 31, 2024
8. LOANS OF PORTFOLIO SECURITIES (continued)
| | | Gross Amount
of Recognized
Assets (Value
of Securities on
Loan) | | Value of
Cash
Collateral
Received(1) | | Value of
Non-Cash
Collateral
Received(1) | | Net Amount | |
| Global X Lithium & Battery Tech ETF | | $ | 114,885,705 | | | $ | 66,997,434 | | | $ | 47,888,271 | | | $ | — | |
| Global X SuperDividend® ETF | | | 16,465,130 | | | | 16,204,197 | | | | 260,933 | | | | — | |
| Global X Social Media ETF | | | 1,302,509 | | | | 1,302,509 | | | | — | | | | — | |
| Global X Guru® Index ETF | | | 524,922 | | | | 524,922 | | | | — | | | | — | |
| Global X SuperIncome™ Preferred ETF | | | 11,072,136 | | | | 11,072,136 | | | | — | | | | — | |
| Global X SuperDividend® U.S. ETF | | | 241,016 | | | | 241,016 | | | | — | | | | — | |
| Global X MSCI SuperDividend® Emerging Markets ETF | | | 1,415,488 | | | | 1,223,931 | | | | 191,557 | | | | — | |
| Global X Renewable Energy Producers ETF | | | 1,177,656 | | | | 1,177,656 | | | | — | | | | — | |
| Global X E-commerce ETF | | | 3,706,230 | | | | 3,614,194 | | | | 92,036 | | | | — | |
| Global X Russell 2000 ETF | | | 22,479,594 | | | | 22,479,594 | | | | — | | | | — | |
| (1) | Collateral and non-cash collateral received in excess of market value of securities on loan is not presented in this table. The total cash collateral received by the Fund is disclosed in the Statements of Assets and Liabilities. |
The value of loaned securities and related collateral outstanding at October 31, 2024 are shown in the Schedules of Investments. The value of the collateral held may be temporarily less than that required under the lending contract. As of October 31, 2024, the cash collateral was invested in repurchase agreements and the non-cash collateral consisted of U.S. Treasury Bills, Notes, Bonds and U.S. Treasury Inflation Indexed Bonds with the following maturities:
| | | Overnight
and
Continuous | | <30 Days | | Between
30 & 90
Days | | >90 Days | | Total |
| Global X Lithium & Battery Tech ETF | | | | | | | | | | | | | | | | | | | | |
| Repurchase Agreements | | $ | 70,923,713 | | | $ | — | | | $ | — | | | $ | — | | | $ | 70,923,713 | |
| U.S. Government Securities | | | — | | | | 16,723 | | | | 641,228 | | | | 47,230,320 | | | | 47,888,271 | |
| Total | | $ | 70,923,713 | | | $ | 16,723 | | | $ | 641,228 | | | $ | 47,230,320 | | | $ | 118,811,984 | |
| Global X SuperDividend® ETF | | | | | | | | | | | | | | | | | | | | |
| Repurchase Agreements | | $ | 18,243,280 | | | $ | — | | | $ | — | | | $ | — | | | $ | 18,243,280 | |
259
Notes to Financial Statements (Continued)
October 31, 2024
8. LOANS OF PORTFOLIO SECURITIES (continued)
| | | Overnight
and
Continuous | | <30 Days | | Between
30 & 90
Days | | >90 Days | | Total |
| U.S. Government Securities | | $ | — | | | $ | — | | | $ | — | | | $ | 260,933 | | | $ | 260,933 | |
| Total | | $ | 18,243,280 | | | $ | — | | | $ | — | | | $ | 260,933 | | | $ | 18,504,213 | |
| Global X Social Media ETF | | | | | | | | | | | | | | | | | | | | |
| Repurchase Agreements | | $ | 1,432,398 | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,432,398 | |
| Total | | $ | 1,432,398 | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,432,398 | |
| Global X Guru® Index ETF | | | | | | | | | | | | | | | | | | | | |
| Repurchase Agreements | | $ | 227,347 | | | $ | — | | | $ | — | | | $ | — | | | $ | 227,347 | |
| Total | | $ | 227,347 | | | $ | — | | | $ | — | | | $ | — | | | $ | 227,347 | |
| Global X SuperIncome™ Preferred ETF | | | | | | | | | | | | | | | | | | | | |
| Repurchase Agreements | | $ | 4,816,121 | | | $ | — | | | $ | — | | | $ | — | | | $ | 4,816,121 | |
| Total | | $ | 4,816,121 | | | $ | — | | | $ | — | | | $ | — | | | $ | 4,816,121 | |
| Global X SuperDividend® U.S. ETF | | | | | | | | | | | | | | | | | | | | |
| Repurchase Agreements | | $ | 254,060 | | | $ | — | | | $ | — | | | $ | — | | | $ | 254,060 | |
| Total | | $ | 254,060 | | | $ | — | | | $ | — | | | $ | — | | | $ | 254,060 | |
| Global X MSCI SuperDividend® Emerging Markets ETF | | | | | | | | | | | | | | | | | | | | |
| Repurchase Agreements | | $ | 1,294,739 | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,294,739 | |
| U.S. Government Securities | | | — | | | | — | | | | 8,215 | | | | 183,342 | | | | 191,557 | |
| Total | | $ | 1,294,739 | | | $ | — | | | $ | 8,215 | | | $ | 183,342 | | | $ | 1,486,296 | |
| Global X Renewable Energy Producers ETF | | | | | | | | | | | | | | | | | | | | |
| Repurchase Agreements | | $ | 1,288,968 | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,288,968 | |
| Total | | $ | 1,288,968 | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,288,968 | |
| Global X E-commerce ETF | | | | | | | | | | | | | | | | | | | | |
| Repurchase Agreements | | $ | 3,808,796 | | | $ | — | | | $ | — | | | $ | — | | | $ | 3,808,796 | |
| U.S. Government Securities | | | — | | | | — | | | | 3,919 | | | | 88,117 | | | | 92,036 | |
| Total | | $ | 3,808,796 | | | $ | — | | | $ | 3,919 | | | $ | 88,117 | | | $ | 3,900,832 | |
| Global X Russell 2000 ETF | | | | | | | | | | | | | | | | | | | | |
| Repurchase Agreements | | $ | 10,205,955 | | | $ | — | | | $ | — | | | $ | — | | | $ | 10,205,955 | |
| Total | | $ | 10,205,955 | | | $ | — | | | $ | — | | | $ | — | | | $ | 10,205,955 | |
9. REVERSE STOCK SPLIT
The Board of the Trust approved a reverse share split of one to three (1:3) of the issued and outstanding shares of the Global X SuperDividend® ETF, Global X MSCI SuperDividend® Emerging Markets ETF and Global X SuperDividend® REIT ETF, (the “Reverse Share Split”). The Reverse Share Split was completed after the close of business on December 19,
260
Notes to Financial Statements (Concluded)
October 31, 2024
9. REVERSE STOCK SPLIT (continued)
2022. The effect of this transaction for each Fund was to divide the number of outstanding Shares of the Fund by three, resulting in a corresponding increase in the NAV per Share. The capital share activity presented on the Statement of Changes in Net Assets for each of the years in the period then ended, and the per share data in the financial highlights for each of the years in the period then ended, have been given retroactive effect to reflect these reverse share splits. There were no changes in net assets, results of operations or total return as a result of these transactions.
10. CONTRACTUAL OBLIGATION
The Funds enter into contracts in the normal course of business that contain a variety of indemnifications. The Funds’ maximum exposure under these contracts is unknown; however, the Funds have not had prior gains or losses pursuant to these contracts. Management has reviewed the Funds’ existing contracts and expects the risk of loss to be remote.
Pursuant to the Trust’s organizational documents, the Trustees of the Trust and the Trust’s officers are indemnified against certain liabilities that may arise out of the performance of their duties.
11. SUBSEQUENT EVENTS
The Funds have been evaluated by management regarding the need for additional disclosures and/or adjustments resulting from subsequent events. Based on this evaluation, no additional adjustments were required to the financial statements.
261
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of Global X Funds and Shareholders of each of the Funds listed in the table below
Opinions on the Financial Statements
We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of each of the funds listed in the table below (nineteen of the funds constituting Global X Funds, hereafter collectively referred to as the “Funds”) as of October 31, 2024, the related statements of operations and of changes in net assets for each of the periods indicated in the table below, including the related notes, and the financial highlights for each of the periods indicated therein (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds listed in the table below as of October 31, 2024, the results of each of their operations for each of the periods indicated in the table below, the changes in each of their net assets for each of the periods indicated in the table below, and each of the financial highlights for each of the periods indicated therein, in conformity with accounting principles generally accepted in the United States of America.
Global X Lithium & Battery Tech ETF (1) Global X SuperDividend® ETF (1) Global X Social Media ETF (1) Global X Guru® Index ETF (1) Global X SuperIncome™ Preferred ETF (1) Global X SuperDividend® U.S. ETF (1) Global X MSCI SuperDividend® Emerging Markets ETF (1) Global X SuperDividend® REIT ETF (1) Global X Renewable Energy Producers ETF (1) Global X S&P 500® Catholic Values ETF (1) Global X MSCI SuperDividend® EAFE ETF (1) Global X E-commerce ETF (1) Global X S&P Catholic Values Developed ex-U.S. ETF (1) Global X Nasdaq 100® Tail Risk ETF (1) Global X Nasdaq 100® Collar 95-110 ETF (1) Global X S&P 500® Tail Risk ETF (1) Global X S&P 500® Collar 95-110 ETF (1) Global X Disruptive Materials ETF (1) Global X Russell 2000 ETF (2) |
| (1) | Statements of operations for the year ended October 31, 2024, statements of changes in net assets for each of the two years in the period ended October 31, 2024. |
| (2) | Statement of operations and statement of changes in net assets for the period June 4, 2024 (commencement of operations) through October 31, 2024. |
262
Report of Independent Registered Public Accounting Firm (Concluded)
Basis for Opinions
These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2024, by correspondence with the custodians, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.
/s/PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
December 23, 2024
We have served as the auditor of one or more investment companies in Global X Funds since 2016.
263
Notice to Shareholders (unaudited)
For shareholders that do not have an October 31, 2024 tax year end, this notice is for informational purposes only. For shareholders with an October 31, 2024 tax year end, please consult your tax advisor as to the pertinence of this notice.
| | | Return of Capital | | Long-Term
Capital Gain
Distributions | | Ordinary Income
Distributions | | Total
Distributions | | Qualifying
for Corporate
Dividends
Received
Deduction(1) | | Qualifying
Dividend
Income(2) |
| Global X Lithium and Battery Tech ETF | | | | | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 100.00% | | 7.85% | | 71.85% |
| Global X SuperDividend® ETF | | | | | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 100.00% | | 0.00% | | 23.71% |
| Global X Social Media ETF | | | | | | | | |
| | | 45.97% | | 0.00% | | 54.03% | | 100.00% | | 16.51% | | 58.56% |
| Global X Guru® Index ETF | | | | | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 100.00% | | 97.46% | | 100.00% |
| Global X SuperIncome™ Preferred ETF | | | | | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 100.00% | | 85.82% | | 83.30% |
| Global X SuperDividend® U.S. ETF | | | | | | | | | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 100.00% | | 55.22% | | 58.93% |
| Global X MSCI SuperDividend® Emerging Markets ETF | | | | | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 100.00% | | 0.00% | | 70.71% |
| Global X SuperDividend® REIT ETF | | | | | | | | |
| | | 22.29% | | 0.00% | | 77.71% | | 100.00% | | 0.00% | | 5.45% |
| Global X Renewable Energy Producers ETF | | | | | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 100.00% | | 12.10% | | 61.01% |
| Global X S&P 500® Catholic Values ETF | | | | | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 100.00% | | 67.20% | | 71.17% |
| Global X MSCI SuperDividend® EAFE ETF | | | | | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 100.00% | | 0.00% | | 80.64% |
| Global X E-commerce ETF | | | | | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 100.00% | | 93.75% | | 100.00% |
| Global X S&P Catholic Values Developed ex-U.S. ETF | | | | | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 100.00% | | 0.00% | | 96.15% |
| Global X NASDAQ 100® Tail Risk ETF | | | | | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 100.00% | | 0.00% | | 3.21% |
| Global X NASDAQ 100® Collar 95-110 ETF | | | | | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 100.00% | | 0.00% | | 0.00% |
| Global X S&P 500® Tail Risk ETF | | | | | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 100.00% | | 0.00% | | 0.00% |
| Global X S&P 500® Collar 95-110 ETF | | | | | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 100.00% | | 0.00% | | 0.00% |
| Global X Disruptive Materials ETF | | | | | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 100.00% | | 17.84% | | 100.00% |
| Global X Russell 2000 ETF | | | | | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 100.00% | | 39.55% | | 41.75% |
264
Notice to Shareholders (unaudited)
For the fiscal year ended October 31, 2024, the Funds have designated the following items with regard to distributions paid during the year.
| | | U.S. Government
Interest(3) | | Interest Related
Dividends(4) | | Short Term
Capital Gain
Dividends(5) | | Qualifying
Business
Income(6) | | Foreign Tax
Credit |
| Global X Lithium and Battery Tech ETF | | | | | | | | | | |
| | | 0.00% | | 0.64% | | 0.00% | | 0.00% | | 0.00% |
| Global X SuperDividend® ETF | | | | | | |
| | | 0.00% | | 0.02% | | 0.00% | | 16.96% | | 2.55% |
| Global X Social Media ETF | | | | | | |
| | | 0.00% | | 0.01% | | 0.00% | | 0.00% | | 0.00% |
| Global X Guru® Index ETF | | | | |
| | | 0.00% | | 2.07% | | 0.00% | | 0.00% | | 0.00% |
| Global X SuperIncome™ Preferred ETF | | | | | | |
| | | 0.00% | | 5.18% | | 0.00% | | 0.00% | | 0.00% |
| Global X SuperDividend® U.S. ETF | | | | | | |
| | | 0.00% | | 1.22% | | 0.00% | | 0.00% | | 0.00% |
| Global X MSCI SuperDividend® Emerging Markets ETF | | | | | | |
| | | 0.00% | | 0.01% | | 0.00% | | 0.00% | | 14.98% |
| Global X SuperDividend® REIT ETF | | | | | | |
| | | 0.00% | | 0.09% | | 0.00% | | 54.80% | | 0.00% |
| Global X Renewable Energy Producers ETF | | | | | | |
| | | 0.00% | | 0.05% | | 0.00% | | 0.00% | | 15.28% |
| Global X S&P 500® Catholic Values ETF | | | | | | |
| | | 0.00% | | 0.31% | | 0.00% | | 0.00% | | 0.00% |
| Global X MSCI SuperDividend® EAFE ETF | | | | | | |
| | | 0.00% | | 0.01% | | 0.00% | | 0.00% | | 8.36% |
| Global X E-commerce ETF | | | | | | |
| | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% |
| Global X S&P Catholic Values Developed ex-U.S. ETF | | | | | | |
| | | 0.00% | | 0.02% | | 0.00% | | 0.00% | | 7.72% |
| Global X NASDAQ 100® Tail Risk ETF | | | | | | |
| | | 0.00% | | 0.09% | | 0.00% | | 0.00% | | 0.00% |
| Global X NASDAQ 100® Collar 95-110 ETF | | | | | | |
| | | 0.00% | | 0.15% | | 0.00% | | 0.00% | | 0.00% |
| Global X S&P 500® Tail Risk ETF | | | | | | |
| | | 0.00% | | 0.03% | | 0.00% | | 0.00% | | 0.00% |
| Global X S&P 500® Collar 95-110 ETF | | | | | | |
| | | 0.00% | | 0.09% | | 0.00% | | 0.00% | | 0.00% |
| Global X Disruptive Materials ETF | | | | | | |
| | | 0.00% | | 0.08% | | 0.00% | | 0.00% | | 7.66% |
| Global X Russell 2000 ETF | | | | | | |
| | | 0.00% | | 0.03% | | 0.00% | | 0.00% | | 0.00% |
(1) Qualifying dividends represent dividends which qualify for the corporate dividends received deduction and is reflected as a percentage of ordinary income distributions (the total of short term capital gain and net investment income distributions).
(2) The percentage in this column represents the amount of “Qualifying Dividend Income” as created by the Jobs and Growth Relief Reconciliation Act of 2003 and its reflected as a percentage of ordinary income distributions (the total of short term capital gain and net investment income distributions). It is the intention of each of the aforementioned Funds to designate the maximum amount permitted by law.
(3) “U.S. Government Interest” represents the amount of interest that was derived from U.S. Government obligations and distributed during the fiscal year. Generally, interest from direct U.S. Government obligations is exempt from state income tax. However, for shareholders who are residents of California, Connecticut and New York, the statutory threshold requirements were not satisfied to permit exemption of these amounts from state income.
(4) The percentage in this column represents the amount of “Interest Related Dividends” as created by the American Jobs Creation Act of 2004 and is a percentage of net investment income that is exempt from U.S. withholding tax when paid for foreign investors.
(5) The percentage of this column represents the amount of “Short Term Capital Gain Dividend” and is reflected as a percentage of short term capital gain distribution that is exempted from U.S. withholding tax when paid to foreign investors.
(6) The percentage of this column represents that amount of ordinary dividend income that qualified for 20% Business Income Deduction.
265
Notice to Shareholders (unaudited)
Certain Funds intend to pass through a foreign tax credit to shareholders. For the fiscal year ended October 31, 2024 the total amount of foreign source income and foreign tax credit are as follows:
| Fund Name | | Foreign Source
Income | | Foreign Tax Credit
Pass Through |
| Global X Superdividend® ETF | | $ | 49,724,354 | | | $ | 2,168,179 | |
| Global X MSCI SuperDividend® Emerging Markets ETF | | | 3,371,442 | | | | 546,169 | |
| Global X Renewable Energy Producers ETF | | | 666,134 | | | | 108,972 | |
| Global X MSCI SuperDividend® EAFE ETF | | | 699,550 | | | | 61,873 | |
| Global X S&P Catholic Values Developed ex-U.S. ETF | | | 382,467 | | | | 33,490 | |
| Global X Disruptive Materials ETF | | | 49,252 | | | | 6,431 | |
The information reported herein may differ from the information and distributions taxable to the shareholders for the calendar year ending December 31, 2024. Complete information will be computed and reported in conjunction with your 2024 Form 1099-DIV.
266
Proxy Voting (Form N-CSR Item 9) (unaudited)
A Special Meeting of Shareholders of the Global X Funds (the “Trust”) was held on August 26, 2024, for the purpose of considering the proposal to elect each of the current Trustees to the Board of Trustees of the Trust. The proposal was approved on August 26, 2024 with the following voting results:
| Trustee | | Shares Voted | |
| Charles A. Baker | | | | |
| For | | | 1,000,273,461 | |
| Against | | | 14,064,552 | |
| Abstain | | | 12,508,484 | |
| Toai Chin | | | | |
| For | | | 999,088,606 | |
| Against | | | 14,951,430 | |
| Abstain | | | 12,806,470 | |
| Clifford J. Weber | | | | |
| For | | | 1,000,103,865 | |
| Against | | | 14,142,432 | |
| Abstain | | | 12,600,202 | |
| Ryan O’Connor | | | | |
| For | | | 1,002,852,035 | |
| Against | | | 11,528,537 | |
| Abstain | | | 12,465,958 | |
267
Approval of Investment Advisory Agreement (Form N-CSR Item 11) (Unaudited)
Section 15(c) of the Investment Company Act of 1940, as amended (“1940 Act”), requires that the board of trustees of an exchange-traded fund (“ETF”), including a majority of those trustees who are not “interested persons” of the ETF, as defined in the 1940 Act (“Independent Trustees”), consider on an initial basis and periodically thereafter (as required by the 1940 Act), at an in person meeting called for such purpose, the terms of each ETF’s investment advisory agreement and whether to approve entering into, or renewing, each agreement.
At a Board meeting of the Global X Funds (the “Trust”) held on March 7, 2024 (the “New Fund Board Meeting”), the Board of Trustees (the “Board”) (including the Trust’s Independent Trustees, voting separately) considered and unanimously approved (i) the initial Investment Advisory Agreement (the “New Investment Advisory Agreement”) for the Global X Russell 2000 ETF (the “New Fund”); and (ii) the initial Supervision and Administration Agreement (the “New Supervision and Administration Agreement”) between the Trust, on behalf of the New Fund, and Global X Management Company LLC (“Global X Management”). The New Investment Advisory Agreement and New Supervision and Administration Agreement are referred to collectively as the “New Fund Agreements.”
In advance of the New Fund Board Meeting, the Board (including the Trust’s Independent Trustees) and the Independent Trustees’ independent legal counsel requested (in writing) detailed information from Global X Management in connection with the Board’s consideration of the New Fund Agreements and received and reviewed written responses from Global X Management and supporting materials relating to those requests for information. In the course of their consideration of the New Fund Agreements, the Trust’s Independent Trustees were advised by their independent legal counsel and, in addition to meetings with management of Global X Management, the Independent Trustees met separately in executive sessions with their counsel.
In determining to approve the New Fund Agreements for the New Fund, the Board considered a variety of factors, including the factors discussed in greater detail below.
Nature, Extent and Quality of Services
With respect to this factor, the Board considered:
| • | the terms of the New Fund Agreements and the range of services proposed to be provided to the New Fund in accordance with the New Fund Agreements; |
| • | Global X Management’s key personnel and the portfolio managers who would provide investment advisory, supervision and administrative services to the New Fund; |
| • | Global X Management’s responsibilities under the New Fund Agreements to, among other things, (i) manage the investment operations of the New Fund and the composition of the New Fund’s assets, including the purchase, retention and disposition of its holdings, (ii) provide quarterly reports to the Trust’s officers and the Board and |
268
Approval of Investment Advisory Agreement (Form N-CSR Item 11) (Unaudited) (Continued)
other reports as the Board deems necessary or appropriate, (iii) vote proxies, exercise consents, and exercise all other rights appertaining to securities and assets held by the New Fund, (iv) select broker-dealers to execute portfolio transactions for the New Fund when necessary, (v) assist in the preparation and filing of reports and proxy statements (if any) to the shareholders of the New Fund, and the periodic updating of the registration statements, prospectuses, statements of additional information, and other reports and documents for the New Fund that are required to be filed by the Trust with the U.S. Securities and Exchange Commission (“SEC”) and other regulatory or governmental bodies, and (vi) monitor anticipated purchases and redemptions of the shares (including Creation Units) of the New Fund by shareholders and new investors;
| • | the nature, extent and quality of all of the services (including advisory, administrative and compliance services) that are proposed to be provided by Global X Management or made available to the New Fund; and |
| • | the quality of Global X Management’s resources and personnel that would be made available to the New Fund, including Global X Management’s experience and the professional qualifications of Global X Management’s key personnel. |
Based on these considerations, the Board concluded, at the New Fund Board Meeting, that it was satisfied with the nature, extent and quality of the services proposed to be provided to the New Fund by Global X Management.
Performance
The Board determined that, because the New Fund had not yet begun investment operations as of the date of the New Fund Board Meeting, meaningful data relating to the investment performance of the New Fund was not available and, therefore, could not be a factor in approving the New Fund Agreements.
Cost of Services and Profitability
With respect to this factor, the Board considered:
| • | Global X Management’s expected costs to provide investment management, supervision and administrative and related services to the New Fund; |
| • | the management fee (including the proposed investment advisory fee) (the “Management Fee”) that was proposed to be borne by the New Fund under the respective New Fund Agreement for the various investment advisory, supervisory and administrative services that the New Fund requires under a unitary fee structure (including the types of fees and expenses that are not included within the unitary fee and would be borne by the New Fund); and |
| • | the expected profitability to Global X Management, if any, from all of the services proposed to be provided to the New Fund by Global X Management and all aspects of |
269
Approval of Investment Advisory Agreement (Form N-CSR Item 11) (Unaudited) (Continued)
the relationship between Global X Management and the New Fund.
Based on these considerations, the Board concluded that the proposed Management Fee to be paid by the New Fund to Global X Management, in light of the nature, extent and quality of the services to be provided, was reasonable and in the best interests of the New Fund’s shareholders.
Comparison of Fees and Services
With respect to this factor, the Board considered:
| • | comparative information with respect to the proposed Management Fee to be paid to Global X Management by the New Fund. In connection with this consideration, Global X Management provided the Board with comparative expense data for the New Fund, including fees and expenses paid by unaffiliated similar specialized and/or focused ETFs, and/or other similar registered funds. The Board considered Global X Management’s detailed explanation that the New Fund’s proposed fee structure was lower than the average or median for the New Fund’s peer group; |
| • | the structure of the proposed unitary Management Fee (which includes as one component the proposed investment advisory fee for the New Fund) and the expected total expense ratios for the New Fund. In this regard, the Board took into consideration that the purpose of adopting a unitary Management Fee structure for the New Fund was to create a simple, all-inclusive fee that would provide a level of predictability with respect to the overall expense ratios (i.e., the total fees) of the New Fund and that the proposed Management Fee for the New Fund was set at a competitive level to make the New Fund viable in the marketplace; and |
| • | that, under the proposed unified Management Fee structure, Global X Management would be responsible for most ordinary expenses of the New Fund, including the costs of various third-party services required by the New Fund, including investment advisory, administrative, audit, certain custody, portfolio accounting, legal, transfer agency and printing costs, but that the New Fund would bear other expenses not covered under the proposed all-inclusive Management Fee, such as taxes, brokerage fees, commissions, and other transaction expenses, interest expenses, and extraordinary expenses. |
Based on these considerations, the Board concluded, at the New Fund Board Meeting, that the services to be received and the fees to be charged under the applicable New Fund Agreements were reasonable on a comparative basis.
Economies of Scale
With respect to this factor, the Board considered:
| • | the extent to which economies of scale would be realized as the New Fund grows and whether the proposed unitary Management Fees for the New Fund reflected these |
270
Approval of Investment Advisory Agreement (Form N-CSR Item 11) (Unaudited) (Concluded)
economies of scale;
| • | the significant investment of time, personnel and other resources that Global X Management intends to make in the New Fund in order to seek to assure that the New Fund is attractive to investors; and |
| • | that the proposed unitary Management Fee would provide a high level of certainty as to the total level of expenses for the New Fund and its shareholders. |
Based on these considerations, the Board concluded, at the New Fund Board Meeting, that the proposed unitary Management Fees for the New Fund appropriately addressed economies of scale.
Other Benefits
In considering each New Fund Agreement, in addition to the factors discussed above, the Board considered other benefits that may be realized by Global X Management as a result of its relationship with the New Fund. As a result, the Board concluded that, in the case of the New Fund, in the exercise of the Board’s business judgement, all information the Board considered supported approval of the applicable New Fund Agreements.
Conclusion
After full consideration of the factors above, as well as other factors that were instructive in their consideration, the Board, including all of the Trust’s Independent Trustees voting separately, concluded, in the exercise of its business judgement, that the New Fund Agreements were fair and reasonable and in the best interest of the New Fund.
In reaching this decision, the Board did not assign relative weights to the factors above nor did the Board deem any one factor or group of them to be controlling in and of themselves. Each member of the Board may have assigned different weights to the various factors.
271
Notes
272
Notes
273
Notes
274
Notes
275
605 3rd Avenue, 43rd Floor
New York, NY 10158
1-888-493-8631
www.globalxetfs.com
Investment Adviser and Administrator:
Global X Management Company LLC
605 3rd Avenue, 43rd Floor
New York, NY 10158
Distributor:
SEI Investments Distribution Co.
One Freedom Valley Drive
Oaks, PA 19456
Sub-Administrator:
SEI Investments Global Funds Services
One Freedom Valley Drive
Oaks, PA 19456
Counsel for Global X Funds and the Independent Trustees:
Stradley Ronon Stevens & Young, LLP
2000 K Street, N.W.
Suite 700
Washington, DC 20006
Custodians and Transfer Agents:
Brown Brothers Harriman & Co.
40 Water Street
Boston, MA 02109
The Bank of New York Mellon
240 Greenwich Street
New York, NY 10286
Independent Registered Public Accounting Firm:
PricewaterhouseCoopers LLP
Two Commerce Square
Suite 1800
2001 Market Street
Philadelphia, PA 19103
This information must be preceded or accompanied by a current prospectus for the Funds described.
GLX-AR-003-1500
| Item 8. | Changes in and Disagreements with Accountants for Open-End Management Investment Companies. |
There were no changes in or disagreements with accountants on accounting and financial disclosure during the period covered by the report.
| Item 9. | Proxy Disclosures for Open-End Management Investment Companies. |
The disclosure regarding any matters submitted during the period covered by the report to a vote of shareholders, if applicable, is included as part of the financial statements filed under Item 7 of this form.
| Item 10. | Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies. |
| (1) | No remuneration was paid by the company during the period covered by the report to any Trustees on the company’s Board of Trustees for regular compensation. |
| (2) | No remuneration was paid by the company during the period covered by the report to any Trustees on the company’s Board of Trustees for special compensation. |
| (3) | No remuneration was paid by the company during the period covered by the report to any Officers of the company. |
| (4) | No remuneration was paid by the company during the period covered by the report to any Officer or Trustee of the company who is an affiliated person. |
| Item 11. | Statement Regarding Basis for Approval of Investment Advisory Contract. |
The disclosure regarding the approval of any investment advisory contract approved during the registrant’s most recent fiscal half-year, if applicable, is included as part of the financial statements filed under Item 7 of this form.
| Item 12. | Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies. |
Not applicable to open-end management investment companies.
| Item 13. | Portfolio Managers of Closed-End Management Investment Companies. |
Not applicable to open-end management investment companies.
| Item 14. | Purchases of Equity Securities by Closed-End Management Company and Affiliated Purchasers. |
Not applicable to open-end management investment companies.
| Item 15. | Submission of Matters to a Vote of Security Holders. |
There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board of directors.
| Item 16. | Controls and Procedures. |
(a) The certifying officers, whose certifications are included herewith, have evaluated the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Act) within 90 days of the filing date of this report. In their opinion, based on their evaluation, the registrant’s disclosure controls and procedures are adequately designed, and are operating effectively to ensure, that information required to be disclosed by the registrant in the reports it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms.
(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
| Item 17. | Disclosure of Securities Lending Activities for Closed-End Management Investment Companies. |
Not applicable.
| Item 18. | Recovery of Erroneously Awarded Compensation. |
(a) Not applicable.
(a) Not applicable.
(a)(1) Code of Ethics attached hereto.
(a)(2) Not applicable.
(a)(3) A separate certification for the principal executive officer and the principal financial officer of the registrant, as required by Rule 30a-2(a) under the Act (17 CFR § 270.30a-2(a)), are filed herewith.
(b) Officer certifications as required by Rule 30a-2(b) under the Investment Company Act of 1940, as amended, also accompany this filing as exhibits.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| (Registrant) | Global X Funds | |
| | | |
| By (Signature and Title) | /s/ Ryan O’Connor | |
| | Ryan O’Connor
Principal Executive Officer | |
Date: January 6, 2025
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| By (Signature and Title) | /s/ Ryan O’Connor | |
| | Ryan O’Connor
Principal Executive Officer | |
Date: January 6, 2025
| By (Signature and Title) | /s/ Eric Olsen | |
| | Eric Olsen
Principal Financial Officer | |
Date: January 6, 2025
0001432353 glo:SolactiveGlobalSuperDividendIndexnet1523AdditionalIndexMember 2024-10-31
