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 S&P 500® Covered Call 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® Covered Call 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/xyld/. 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® Covered Call ETF | $65 | 0.60% |
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 BuyWrite 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 comprised of two parts: (1) all the equity securities in the S&P 500 Index (the "Reference Index") in substantially similar weight as the Reference Index; and (2) short (written) call options on up to 100% of the Reference Index.
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 17.72%, while the Secondary Index increased by 18.52%. The Fund had a net asset value of $38.18 per share on October 31, 2023, and ended the reporting period with a net asset value of $40.88 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 equity markets experienced fluctuations influenced by many macroeconomic factors such as interest rate changes and inflationary pressures. In light of these macroeconomic fluctuations, the Fund’s at-the-money covered call strategy produced income, ultimately delivering positive returns. However, the covered call strategy capped potential upside participation during strong rallies by underlying constituents, particularly in the Technology sector, mitigating the Fund’s positive returns.
How did the Fund perform during the last 10 years?
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | 5 Years | 10 Years |
|---|
Global X S&P 500® Covered Call ETFFootnote Reference** | 17.72% | 6.24% | 6.60% |
| S&P 500 Index (TR) | 38.02% | 15.27% | 13.00% |
| Cboe S&P 500 BuyWrite Index^ | 18.52% | 7.03% | 7.03% |
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/xyld/ for current month-end performance.
^ In 2016, the Fund began a two-step process to change from its predecessor Secondary Index to the Secondary Index in an effort to diversify and improve the liquidity of the Fund. Performance reflects the performance of the S&P 500 Stock Covered Call Index through September 14, 2017, the Cboe S&P500 2% OTM BuyWrite Index through August 20, 2020 and the Cboe S&P 500 BuyWrite Index thereafter.
** The Fund operated as the Horizons S&P 500® Covered Call ETF (the “Predecessor Fund”), a series of Horizons ETF Trust I, prior to the Fund’s acquisition of the assets and assumption of the liabilities of the Predecessor Fund on December 24, 2018.
Total Return Based on $10,000 Investment
| Global X S&P 500® Covered Call ETFFootnote Reference** | S&P 500 Index (TR) | Cboe S&P 500 BuyWrite Index^ |
|---|
| Oct/14 | $10,000 | $10,000 | $10,000 |
| Oct/15 | $10,182 | $10,520 | $10,126 |
| Oct/16 | $10,522 | $10,994 | $10,407 |
| Oct/17 | $12,305 | $13,593 | $12,100 |
| Oct/18 | $12,917 | $14,591 | $12,768 |
| Oct/19 | $14,001 | $16,681 | $14,051 |
| Oct/20 | $12,962 | $18,301 | $13,105 |
| Oct/21 | $16,938 | $26,155 | $17,239 |
| Oct/22 | $15,122 | $22,334 | $15,521 |
| Oct/23 | $16,098 | $24,599 | $16,649 |
| Oct/24 | $18,951 | $33,950 | $19,733 |
Key Fund Statistics as of October 31, 2024
| Total Net Assets | Number of Portfolio Holdings | Total Advisory Fees Paid | Portfolio Turnover Rate |
|---|
| $2,778,298,455 | 504 | $17,024,620 | 3.83% |
What did the Fund invest in?
Asset/Sector WeightingsFootnote Reference*
| Value | Value |
|---|
| Written Option | -0.6% |
| Materials | 2.2% |
| Real Estate | 2.3% |
| Utilities | 2.5% |
| Energy | 3.4% |
| Consumer Staples | 5.8% |
| Industrials | 8.6% |
| Communication Services | 9.2% |
| Consumer Discretionary | 10.1% |
| Health Care | 11.2% |
| Financials | 13.4% |
| Information Technology | 31.9% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| Apple | | | 7.2% |
| NVIDIA | | | 6.8% |
| Microsoft | | | 6.3% |
| 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® Covered Call ETF: XYLD
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-7
Global X NASDAQ 100® Covered Call ETF
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X NASDAQ 100® Covered Call 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/qyld/. 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® Covered Call ETF | $67 | 0.60% |
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 NASDAQ-100 BuyWrite V2 Index (“Secondary Index”).
The Cboe NASDAQ-100 BuyWrite V2 Index (“BXN Index”) is a benchmark index that measures the performance of a theoretical portfolio that holds a portfolio of the stocks included in the NASDAQ-100® Index (“Reference Index”), and “writes” (or sells) a succession of one-month at-the-money covered call options on the Reference Index.
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 21.73%, while the Secondary Index increased 22.52%. The Fund had a net asset value of $16.60 per share on October 31, 2023 and ended the reporting period with a net asset value of $17.96 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 the option premiums attained operating its covered call strategy. The Reference Index experienced positive performance due to strong returns of constituents in the semiconductor industry, particularly from those exposed to artificial intelligence and data center growth. Additionally, robust consumer demand for electronics and gaming devices boosted sales for companies in the Reference Index. Increased enterprise spending on cloud computing infrastructure lifted revenues and the continued global shift towards 5G wireless technology created tailwinds for firms supplying critical components. Constituents in the Reference Index also benefited from healthy IT budgets, which supported demand for software and services. Despite an overall positive performance recorded by the Reference Index, various market factors led to increased volatility. Geopolitical tensions created uncertainties around trade policies, market access, and global prosperity. Inflationary pressures and changing interest rates also resulted in volatility. This heightened volatility in the Reference Index during the reporting period helped drive option premiums attained by the Fund, which contributed to the Fund’s positive performance. During the reporting period, by sector, the Fund had the highest exposure to Information Technology at 50.23% and Communication Services at 15.57%.
How did the Fund perform during the last 10 years?
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | 5 Years | 10 Years |
|---|
Global X NASDAQ 100® Covered Call ETFFootnote Reference** | 21.73% | 7.20% | 8.18% |
| S&P 500 Index (TR)* | 38.02% | 15.27% | 13.00% |
| NASDAQ -100 Index (USD) | 39.19% | 20.73% | 18.12% |
| Cboe NASDAQ-100 BuyWrite V2 Index^ | 22.52% | 7.95% | 9.11% |
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/qyld/ 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® Total Return 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.
^ In 2015, the Fund changed its Secondary Index in an effort to diversify and improve the liquidity of the Fund. Performance reflects the performance of the Cboe NASDAQ-100 BuyWrite Index through October 14, 2015 and Cboe NASDAQ-100 BuyWrite V2 Index thereafter.
** The Fund operated as the Horizons NASDAQ 100® Covered Call ETF (the “Predecessor Fund”), a series of Horizons ETF Trust I, prior to the Fund’s acquisition of the assets and assumption of the liabilities of the Predecessor Fund on December 24, 2018.
Total Return Based on $10,000 Investment
| Global X NASDAQ 100® Covered Call ETFFootnote Reference** | S&P 500 Index (TR)* | NASDAQ -100 Index (USD) | Cboe NASDAQ-100 BuyWrite V2 Index^ |
|---|
| Oct/14 | $10,000 | $10,000 | $10,000 | $10,000 |
| Oct/15 | $10,752 | $10,520 | $11,314 | $10,786 |
| Oct/16 | $11,079 | $10,994 | $11,836 | $11,247 |
| Oct/17 | $13,188 | $13,593 | $15,586 | $13,516 |
| Oct/18 | $14,169 | $14,591 | $17,561 | $14,623 |
| Oct/19 | $15,500 | $16,681 | $20,606 | $16,312 |
| Oct/20 | $15,533 | $18,301 | $28,440 | $16,565 |
| Oct/21 | $19,244 | $26,155 | $41,075 | $20,616 |
| Oct/22 | $15,552 | $22,334 | $29,794 | $16,727 |
| Oct/23 | $18,027 | $24,599 | $37,972 | $19,516 |
| Oct/24 | $21,944 | $33,950 | $52,853 | $23,911 |
Key Fund Statistics as of October 31, 2024
| Total Net Assets | Number of Portfolio Holdings | Total Advisory Fees Paid | Portfolio Turnover Rate |
|---|
| $8,110,940,920 | 102 | $48,113,519 | 21.54% |
What did the Fund invest in?
Asset/Sector WeightingsFootnote Reference*
| Value | Value |
|---|
| Written Option | -1.2% |
| Real Estate | 0.2% |
| Financials | 0.5% |
| Energy | 0.6% |
| Utilities | 1.4% |
| Materials | 1.5% |
| Industrials | 4.6% |
| Health Care | 6.0% |
| Consumer Staples | 6.0% |
| Consumer Discretionary | 13.5% |
| Communication Services | 16.6% |
| Information Technology | 50.2% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| Apple | | | 8.9% |
| NVIDIA | | | 8.5% |
| Microsoft | | | 7.9% |
| Broadcom | | | 5.3% |
| Meta Platforms, Cl A | | | 5.1% |
| Amazon.com | | | 5.1% |
| 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® Covered Call ETF: QYLD
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-8
Global X Russell 2000 Covered Call 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 Covered Call 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/ryld/. 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 Russell 2000 Covered Call ETF | $59 | 0.56% |
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 Russell 2000 BuyWrite Index (the “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 theoretical portfolio that holds a portfolio of stocks included in the Russell 2000 Index (the “Reference Index”), and “writes” (or sells) a succession of one-month at-the-money (“ATM”) covered call options on the Reference Index. The written covered call options on the Reference Index are held until expiration. The Reference Index is an equity benchmark which measures the performance of the small-capitalization sector of the U.S. equity market, as defined by FTSE Russell, the provider of the Reference Index.
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 12.30%, while the Secondary Index increased 13.26%. The Fund had a net asset value of $16.10 per share on October 31, 2023 and ended the reporting period with a net asset value of $16.03 on October 31, 2024.
During the reporting period, the highest returns came from Avidity Biosciences Inc and Alpine Immune Sciences, Inc., which returned 644.27% and 534.47% respectively. The worst performers were Fisker Inc Class A and Tingo Group, Inc., which returned -98.81% and -97.44%, respectively.
During the reporting period, the Fund recorded positive performance driven by the option premiums collected from the ATM covered call strategy. An increasingly dovish stance on interest rates by the Federal Reserve toward the tail end of the reporting period proved to be beneficial for many small-capitalization companies, particularly those that have high levels of debt and capital expenditures. These factors, combined with the Fund’s covered call strategy, contributed to the overall positive performance during the reporting period. However, the Fund’s covered call strategy capped its upside participation in the Secondary Index.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X Russell 2000 Covered Call ETF - $12232 | S&P 500 Index (TR)* - $21534 | Cboe Russell 2000 BuyWrite Index - $12756 | Russell 2000 Index (USD) - $15101 |
|---|
| Apr/19 | $10000 | $10000 | $10000 | $10000 |
| Oct/19 | $10599 | $10581 | $10690 | $10041 |
| Oct/20 | $9626 | $11608 | $9807 | $10028 |
| Oct/21 | $13363 | $16590 | $13692 | $15122 |
| Oct/22 | $11735 | $14166 | $12100 | $12318 |
| Oct/23 | $10892 | $15603 | $11263 | $11263 |
| Oct/24 | $12232 | $21534 | $12756 | $15101 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | 5 Years | Annualized Since Inception |
|---|
| Global X Russell 2000 Covered Call ETF | 12.30% | 2.91% | 3.70% |
| S&P 500 Index (TR)* | 38.02% | 15.27% | 14.84% |
| Cboe Russell 2000 BuyWrite Index | 13.26% | 3.60% | 4.49% |
| Russell 2000 Index (USD) | 34.07% | 8.50% | 7.72% |
Since its inception on April 17, 2019. 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/ryld/ for current month-end performance.
* As of October 2024, pursuant to new regulatory requirements, the Fund changed its broad-based securities market benchmark from Russell 2000 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 |
|---|
| $1,409,648,364 | 8 | $7,810,225 | 105.44% |
What did the Fund invest in?
Asset WeightingsFootnote Reference*
| Value | Value |
|---|
| Written Option | -1.1% |
| Rights | 0.0% |
| Exchange Traded Funds | 101.1% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
Global X Russell 2000 ETFFootnote Reference** | | | 101.1% |
| CinCor Pharma CVR | | | 0.0% |
| Inhibrx CVR | | | 0.0% |
| Novartis CVR | | | 0.0% |
| Cartesian Therapeutics CVR | | | 0.0% |
| OmniAb CVR | | | 0.0% |
| OmniAb CVR | | | 0.0% |
| Written Option - Russell 2000 Index, $2,280, 11/15/24 | | | -1.1% |
| Footnote | Description |
Footnote** | Affiliated Investment |
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 Covered Call ETF: RYLD
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-9
Global X Nasdaq 100® Covered Call & Growth ETF
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X Nasdaq 100® Covered Call & Growth 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/qylg/. You can also request this information by contacting us at 1-888-493-8631. This annual shareholder report describes changes to the Fund that occurred during the reporting period.
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® Covered Call & Growth ETF | $53 | 0.46% |
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 NASDAQ 100 Half BuyWrite V2 Index (USD) (“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 is a benchmark index that measures the performance of a theoretical portfolio that owns the portfolio of stocks included in the NASDAQ-100® Index ("Reference Index"), and “writes” (or sells) corresponding call options on approximately 50% of 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 30.15%, while the Secondary Index increased 30.84%. The Fund had a net asset value of $26.07 per share on October 31, 2023, and ended the reporting period with a net asset value of $31.89 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. The Technology sector, a significant component of the Reference Index, experienced robust growth. Notably, artificial intelligence advancements led to increased demand for semiconductor chips and cloud computing services. The Consumer Discretionary sector also contributed positively, with e-commerce giants seeing strong sales growth. Additionally, the Fund's covered call strategy generated income through option premiums, providing a buffer against market volatility. Also, the Federal Reserve's dovish stance on interest rates toward the tail end of the reporting period boosted investor confidence, leading to increased market participation towards the end of the reporting period. These factors combined to contribute to the Fund’s positive performance during the reporting period. During the reporting period, by sector allocation, the Fund had the highest exposure to Information Technology at 50.30% and Communication Services at 15.60%.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X Nasdaq 100® Covered Call & Growth ETF - $16180 | S&P 500 Index (TR)* - $18301 | NASDAQ -100 Index (USD) - $18792 | Cboe Nasdaq 100 Half BuyWrite V2 Index (net) - $16571 |
|---|
| Sep/20 | $10000 | $10000 | $10000 | $10000 |
| Oct/20 | $10040 | $9865 | $10112 | $10036 |
| Oct/21 | $13395 | $14099 | $14604 | $13485 |
| Oct/22 | $10238 | $12039 | $10593 | $10362 |
| Oct/23 | $12431 | $13260 | $13501 | $12665 |
| Oct/24 | $16180 | $18301 | $18792 | $16571 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | Annualized Since Inception |
|---|
Global X Nasdaq 100® Covered Call & Growth ETF | 30.15% | 12.39% |
| S&P 500 Index (TR)* | 38.02% | 15.80% |
| NASDAQ -100 Index (USD) | 39.19% | 16.54% |
| Cboe Nasdaq 100 Half BuyWrite V2 Index (net) | 30.84% | 13.04% |
Since its inception on September 18, 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/qylg/ 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 (USD) 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 |
|---|
| $104,271,160 | 102 | $502,988 | 14.82% |
What did the Fund invest in?
Asset/Sector WeightingsFootnote Reference*
| Value | Value |
|---|
| Written Option | -0.6% |
| Real Estate | 0.2% |
| Financials | 0.5% |
| Energy | 0.6% |
| Utilities | 1.4% |
| Materials | 1.5% |
| Industrials | 4.5% |
| Health Care | 6.0% |
| Consumer Staples | 5.9% |
| Consumer Discretionary | 13.5% |
| Communication Services | 16.5% |
| Information Technology | 50.0% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| Apple | | | 8.9% |
| NVIDIA | | | 8.4% |
| Microsoft | | | 7.8% |
| Broadcom | | | 5.3% |
| Meta Platforms, Cl A | | | 5.1% |
| Amazon.com | | | 5.1% |
| Tesla | | | 3.1% |
| Alphabet, Cl A | | | 2.6% |
| Costco Wholesale | | | 2.6% |
| Alphabet, Cl C | | | 2.5% |
This is a summary of certain changes to the Fund since November 1, 2023. For more complete information, you may review the Fund's next prospectus, which we expect to be available by March 1, 2025 at https://www.globalxetfs.com/funds/qylg or upon request at 1-888-493-8631.
Effective April 11, 2024, the Annual Fund Operating Expenses for the Fund were changed to reflect a reduction to the Management Fee from 0.60% to 0.35%.
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:
Global X Nasdaq 100® Covered Call & Growth ETF: QYLG
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-10
Global X S&P 500® Covered Call & Growth 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® Covered Call & Growth 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/xylg/. You can also request this information by contacting us at 1-888-493-8631. This annual shareholder report describes changes to the Fund that occurred during the reporting period.
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® Covered Call & Growth ETF | $52 | 0.46% |
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 Half BuyWrite 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 is a benchmark index that measures the performance of a theoretical portfolio that owns the portfolio of stocks included in the S&P 500 Index ("Reference Index"), and “writes” (or sells) corresponding call options on approximately 50% of 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 27.47%, while the Secondary Index increased 28.08%. The Fund had a net asset value of $26.07 per share on October 31, 2023 and ended the reporting period with a net asset value of $31.71 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, largely due to broader market growth in the United States. The robust performance of large-capitalization technology stocks within the Reference Index significantly contributed to the Fund's gains. These companies, which form a substantial portion of the Reference Index, benefited from increased demand for digital services and cloud computing solutions. Although the Fund's covered call strategy generated income through option premiums, providing a buffer against market volatility, the strategy minimized a portion of the upside participation in market rallies. During the reporting period, by sector, the Fund had the highest exposure to Information Technology at 30.35% and Financials at 12.90%.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X S&P 500® Covered Call & Growth ETF - $15995 | S&P 500 Index (TR) - $18301 | Cboe S&P 500 Half BuyWrite Index (net) - $16465 |
|---|
| Sep/20 | $10000 | $10000 | $10000 |
| Oct/20 | $9840 | $9865 | $9805 |
| Oct/21 | $13297 | $14099 | $13458 |
| Oct/22 | $11618 | $12039 | $11816 |
| Oct/23 | $12549 | $13260 | $12855 |
| Oct/24 | $15995 | $18301 | $16465 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | Annualized Since Inception |
|---|
Global X S&P 500® Covered Call & Growth ETF | 27.47% | 12.07% |
| S&P 500 Index (TR) | 38.02% | 15.80% |
| Cboe S&P 500 Half BuyWrite Index (net) | 28.08% | 12.86% |
Since its inception on September 18, 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/xylg/ 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 |
|---|
| $59,295,043 | 504 | $295,848 | 3.25% |
What did the Fund invest in?
Asset/Sector WeightingsFootnote Reference*
| Value | Value |
|---|
| Written Option | -0.3% |
| Materials | 2.2% |
| Real Estate | 2.3% |
| Utilities | 2.5% |
| Energy | 3.4% |
| Consumer Staples | 5.8% |
| Industrials | 8.5% |
| Communication Services | 9.2% |
| Consumer Discretionary | 10.1% |
| Health Care | 11.2% |
| Financials | 13.4% |
| Information Technology | 31.7% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| Apple | | | 7.1% |
| NVIDIA | | | 6.8% |
| Microsoft | | | 6.3% |
| 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% |
This is a summary of certain changes to the Fund since November 1, 2023. For more complete information, you may review the Fund's next prospectus, which we expect to be available by March 1, 2025 at https://www.globalxetfs.com/funds/xylg or upon request at 1-888-493-8631.
Effective April 11, 2024, the Annual Fund Operating Expenses for the Fund were changed to reflect a reduction to the Management Fee from 0.60% to 0.35%.
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:
Global X S&P 500® Covered Call & Growth ETF: XYLG
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-11
Global X NASDAQ 100® Risk Managed Income ETF
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X NASDAQ 100® Risk Managed Income 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/qrmi/. 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® Risk Managed Income ETF | $64 | 0.60% |
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 Monthly Net Credit Collar 95-100 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 managed income strategy that holds the underlying stocks of the NASDAQ 100® Index ("Reference Index") and applies an options collar strategy consisting of 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 the 5% out-of-the-money (“OTM”) put options and a short position in at-the-money (“ATM”) call options, each corresponding to the value of the portfolio of stocks in the Reference Index. The options collar seeks to generate a net-credit, meaning that the premium received from the sale of the call options will be greater than the premium paid when buying the put options.
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 14.48%, while the Secondary Index increased 15.66%. The Fund had a net asset value of $16.64 per share on October 31, 2023 and ended the reporting period with a net asset value of $16.89 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.
During the reporting period, the Fund recorded positive performance. Growth in artificial intelligence, cloud computing, and semiconductors were some of many major factors resulting in broader market growth during the reporting period, particularly in the Technology sector, which is well represented in the Reference Index. While the Fund’s option writing strategy does not allow it to directly participate in the upward performance of the underlying constituents, its net-credit collar strategy still resulted in an overall positive performance. During the reporting period, by sector, the Fund had the highest exposure to Information Technology at 50.25% and Communication Services at 15.49%.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X NASDAQ 100® Risk Managed Income ETF - $9731 | S&P 500 Index (TR)* - $13325 | NASDAQ -100 Index (USD) - $13282 | NASDAQ-100 Monthly Net Credit Collar 95-100 Index - $9821 |
|---|
| Aug/21 | $10000 | $10000 | $10000 | $10000 |
| Oct/21 | $9931 | $10266 | $10323 | $9889 |
| Oct/22 | $8219 | $8766 | $7488 | $8196 |
| Oct/23 | $8500 | $9655 | $9543 | $8491 |
| Oct/24 | $9731 | $13325 | $13282 | $9821 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | Annualized Since Inception |
|---|
Global X NASDAQ 100® Risk Managed Income ETF | 14.48% | -0.85% |
| S&P 500 Index (TR)* | 38.02% | 9.43% |
| NASDAQ -100 Index (USD) | 39.19% | 9.32% |
| NASDAQ-100 Monthly Net Credit Collar 95-100 Index | 15.66% | -0.57% |
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/qrmi/ 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 (USD) 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 |
|---|
| $17,392,123 | 105 | $82,776 | 8.02% |
What did the Fund invest in?
Asset/Sector WeightingsFootnote Reference*
| Value | Value |
|---|
| Written Options | -1.2% |
| Real Estate | 0.2% |
| Financials | 0.5% |
| Energy | 0.6% |
| Purchased Options | 1.0% |
| Utilities | 1.4% |
| Materials | 1.4% |
| Industrials | 4.5% |
| Health Care | 5.9% |
| Consumer Staples | 5.9% |
| Consumer Discretionary | 13.5% |
| Communication Services | 16.4% |
| Information Technology | 49.8% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| Apple | | | 8.8% |
| NVIDIA | | | 8.4% |
| Microsoft | | | 7.8% |
| Broadcom | | | 5.2% |
| Meta Platforms, Cl A | | | 5.1% |
| 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® Risk Managed Income ETF: QRMI
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-12
Global X S&P 500® Risk Managed Income 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® Risk Managed Income 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/xrmi/. 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® Risk Managed Income ETF | $64 | 0.60% |
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 Risk Managed Income Index (“Secondary Index”).
The Secondary Index measures the performance of a risk managed income strategy that holds the underlying stocks of the S&P 500 Index ("Reference Index") and applies an options collar strategy which is a mix of short (sold) call options and long (purchased) put options on the Reference Index. The Secondrary Index specifically reflects the performance of the component securities of the Reference Index, combined with a long position in the 5% out-of-the-money (“OTM”) put options and a short position in at-the-money (“ATM”) call options, each corresponding to the value of the portfolio of stocks in the Reference Index. The options collar seeks to generate a net-credit, meaning that the premium received from the sale of the call options will be greater than the premium paid when buying the put options.
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 14.10%, while the Secondary Index increased 14.94%. The Fund had a net asset value of $18.56 per share on October 31, 2023, and ended the reporting period with a net asset value of $18.78 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 positive performance can be attributed to the Fund’s net-credit collar strategy which involved an ATM covered call component and a long 5% OTM put option component. Ultimately, the positive performance was driven by the premiums generated from the ATM covered calls in excess of the premiums spent on the put options. While the Reference Index experienced overall positive performance during the reporting period, the put options component of the Fund’s strategy effectively mitigated downside volatility. Positive performance displayed by the Reference Index also effectively buoyed the Fund during the reporting period. During the reporting period, by sector, the Fund had the highest exposure to Information Technology at 30.28% and Financials at 12.88%.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X S&P 500® Risk Managed Income ETF - $10095 | S&P 500 Index (TR) - $13325 | Cboe S&P 500 Risk Managed Income Index - $10291 |
|---|
| Aug/21 | $10000 | $10000 | $10000 |
| Oct/21 | $10160 | $10266 | $10182 |
| Oct/22 | $8901 | $8766 | $8939 |
| Oct/23 | $8847 | $9655 | $8954 |
| Oct/24 | $10095 | $13325 | $10291 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | Annualized Since Inception |
|---|
Global X S&P 500® Risk Managed Income ETF | 14.10% | 0.30% |
| S&P 500 Index (TR) | 38.02% | 9.43% |
| Cboe S&P 500 Risk Managed Income Index | 14.94% | 0.91% |
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/xrmi/ 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 |
|---|
| $39,446,051 | 507 | $199,961 | 3.08% |
What did the Fund invest in?
Asset/Sector WeightingsFootnote Reference*
| Value | Value |
|---|
| Written Options | -0.6% |
| Purchased Options | 0.9% |
| Materials | 2.2% |
| Real Estate | 2.3% |
| Utilities | 2.5% |
| Energy | 3.3% |
| Consumer Staples | 5.8% |
| Industrials | 8.5% |
| Communication Services | 9.1% |
| 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 | | | 6.8% |
| 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® Risk Managed Income ETF: XRMI
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-13
Global X Dow 30® Covered Call ETF
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X Dow 30® Covered Call 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/djia/. 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 Dow 30® Covered Call ETF | $64 | 0.60% |
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 DJIA Cboe BuyWrite v2 Index ("Secondary Index").
The Secondary Index measures the performance of a covered call strategy that holds a theoretical portfolio of the underlying stocks of the Dow Jones Industrial Average Index (USD) (the “Reference Index”) and “writes” (or sells) a succession of one-month at-the-money (“ATM”) covered call options on the Reference Index.
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 13.86%, while the Secondary Index increased 14.79%. The Fund had a net asset value of $20.89 per share on October 31, 2023 and ended the reporting period with a net asset value of $22.23 on October 31, 2024.
During the reporting period, the highest returns came from American Express Company and Goldman Sachs Group, Inc., which returned 87.16% and 75.21% respectively. The worst performers were Intel Corporation and NIKE, Inc., which returned -40.04% and -23.79%, respectively.
During the reporting period, the Fund recorded positive performance driven by the option premiums attained by the Fund’s covered call strategy. Low unemployment rates boosted consumer confidence, resulting in increased spending, which in turn supported the financials of companies in the Reference Index. Easing inflation, and other positive economic indicators resulted in the U.S. Federal Reserve's rate cut in September 2024, which helped the broader market and improved investor sentiment. Additionally, underlying healthcare-related constituents in the Reference Index saw gains due to continued demand for medical services and pharmaceutical innovations. Technological advancements and increased digital transformation efforts directly benefited the Technology sector, which is well represented in the Reference Index. Similarly, the Industrials sector experienced growth due to increased infrastructure spending and manufacturing activity. These factors, combined with income from options premiums contributed to the Fund’s overall positive returns during the reporting period, though the Fund's covered call strategy limited potential upside participation. During the reporting period, by sector, the Fund had the highest exposure to Financials at 22.29% and Information Technology at 19.26%.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X Dow 30® Covered Call ETF - $11436 | S&P 500 Index (TR)* - $14082 | DJIA Index (TR) (USD) - $13317 | DJIA CBOE BuyWrite v2 Index - $11731 |
|---|
| Feb/22 | $10000 | $10000 | $10000 | $10000 |
| Oct/22 | $9723 | $9264 | $10018 | $9802 |
| Oct/23 | $10044 | $10203 | $10335 | $10220 |
| Oct/24 | $11436 | $14082 | $13317 | $11731 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | Annualized Since Inception |
|---|
Global X Dow 30® Covered Call ETF | 13.86% | 5.12% |
| S&P 500 Index (TR)* | 38.02% | 13.58% |
| DJIA Index (TR) (USD) | 28.85% | 11.25% |
| DJIA CBOE BuyWrite v2 Index | 14.79% | 6.12% |
Since its inception on February 23, 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/djia/ for current month-end performance.
* As of October 2024, pursuant to new regulatory requirements, the Fund changed its broad-based securities market benchmark from DJIA Index (TR) (USD) 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 |
|---|
| $90,715,220 | 31 | $512,003 | 6.14% |
What did the Fund invest in?
Asset/Sector WeightingsFootnote Reference*
| Value | Value |
|---|
| Written Option | -1.4% |
| Materials | 0.8% |
| Communication Services | 2.2% |
| Energy | 2.4% |
| Consumer Staples | 5.0% |
| Industrials | 13.7% |
| Consumer Discretionary | 15.1% |
| Health Care | 18.3% |
| Information Technology | 19.2% |
| Financials | 24.6% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| UnitedHealth Group | | | 9.0% |
| Goldman Sachs Group | | | 8.3% |
| Microsoft | | | 6.5% |
| Home Depot | | | 6.3% |
| Caterpillar | | | 6.0% |
| Amgen | | | 5.1% |
| McDonald's | | | 4.7% |
| Salesforce | | | 4.6% |
| Visa, Cl A | | | 4.6% |
| American Express | | | 4.3% |
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 Dow 30® Covered Call ETF: DJIA
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-14
Global X Russell 2000 Covered Call & Growth 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 Covered Call & Growth 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/rylg/. You can also request this information by contacting us at 1-888-493-8631. This annual shareholder report describes changes to the Fund that occurred during the reporting period.
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 Russell 2000 Covered Call & Growth ETF | $42 | 0.38% |
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 Russell 2000 Half BuyWrite 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 covered call strategy that holds a theoretical portfolio of the underlying stocks of the Russell 2000 Index (“Reference Index”) and “writes” (or sells) a succession of one-month at-the-money covered call options on the Reference Index. The written covered call options on the Reference Index correspond to approximately 50% of 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 23.12%, while the Secondary Index increased 23.67%. The Fund had a net asset value of $22.38 per share on October 31, 2023 and ended the reporting period with a net asset value of $25.65 on October 31, 2024.
During the reporting period, the highest returns came from Vanguard Russell 2000 ETF and Global X Russell 2000 ETF, which returned 23.45% and 9.27% respectively.
During the reporting period, the Fund recorded positive performance, driven by several key factors within the small-capitalization equity market. Increased infrastructure spending and a resurgence in manufacturing activity resulted in the robust performance of industrial companies within the Reference Index. Similarly, the Technology sector, particularly software and semiconductor companies, benefited from advancements in artificial intelligence and cloud computing. Lastly, the healthcare sector, specifically biotechnology and medical device companies, saw positive momentum due to breakthrough innovations and increased healthcare spending. Additionally, the Fund's covered call strategy moderated volatility while generating income through option premiums, which contributed to the Fund’s overall positive return.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X Russell 2000 Covered Call & Growth ETF - $11663 | S&P 500 Index (TR)* - $15541 | Russell 2000 Index (USD) - $12757 | Cboe Russell 2000 Half BuyWrite Index - $11759 |
|---|
| Oct/22 | $10000 | $10000 | $10000 | $10000 |
| Oct/22 | $10314 | $10223 | $10406 | $10298 |
| Oct/23 | $9473 | $11260 | $9515 | $9509 |
| Oct/24 | $11663 | $15541 | $12757 | $11759 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | Annualized Since Inception |
|---|
| Global X Russell 2000 Covered Call & Growth ETF | 23.12% | 7.69% |
| S&P 500 Index (TR)* | 38.02% | 23.65% |
| Russell 2000 Index (USD) | 34.07% | 12.44% |
| Cboe Russell 2000 Half BuyWrite Index | 23.67% | 8.12% |
Since its inception on October 4, 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/rylg/ for current month-end performance.
* As of October 2024, pursuant to new regulatory requirements, the Fund changed its broad-based securities market benchmark from Russell 2000 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 |
|---|
| $6,413,345 | 3 | $31,390 | 96.85% |
What did the Fund invest in?
Asset WeightingsFootnote Reference*
| Value | Value |
|---|
| Written Options | -0.6% |
| Exchange Traded Funds | 100.4% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
Global X Russell 2000 ETFFootnote Reference** | | | 100.4% |
| Written Option - Russell 2000 Index, $2,280, 11/15/24 | | | -0.5% |
| Written Option - Cboe Mini-Russell 2000 Index, $228, 11/15/24 | | | -0.1% |
| Footnote | Description |
Footnote** | Affiliated Investment |
This is a summary of certain changes to the Fund since November 1, 2023. For more complete information, you may review the Fund's next prospectus, which we expect to be available by March 1, 2025 at https://www.globalxetfs.com/funds/rylg or upon request at 1-888-493-8631.
Effective April 11, 2024, the Annual Fund Operating Expenses for the Fund were changed to reflect a reduction to the Management Fee from 0.60% to 0.35% and a change in the expense limitation amount from 0.60% to 0.35%.
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:
Global X Russell 2000 Covered Call & Growth ETF: RYLG
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-15
Global X Financials Covered Call & Growth ETF
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X Financials Covered Call & Growth 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/fylg/. 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 Financials Covered Call & Growth ETF | $63 | 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 Cboe S&P Financial Select Sector Half BuyWrite 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 measures the performance of a partially covered call strategy that holds a theoretical portfolio of the underlying securities of the Financial Select Sector Index (TR) (USD) (the “Reference Index”). The Reference Index “writes” (or sells) a succession of one-month at-the-money covered call options on the Financial Select Sector SPDR Fund (the “Reference Fund”), or such other fund that seeks to track the performance of the Reference Index, as determined by Cboe. The call options correspond to approximately 50% of the value of the securities in the Reference Index, thereby representing a partially covered call strategy.
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 30.17%, while the Secondary Index increased 31.76%. The Fund had a net asset value of $22.30 per share on October 31, 2023, and ended the reporting period with a net asset value of $27.56 on October 31, 2024.
During the reporting period, the highest returns came from Synchrony Financial and Fifth Third Bancorp, which returned 100.06% and 91.29% respectively. The worst performers were Erie Indemnity Company Class A and Globe Life Inc., which returned -13.64% and -8.41%, respectively.
During the reporting period, the Fund recorded positive performance. The robust performance of large banks and financial institutions had a positive impact on the Fund's performance. These institutions benefited from higher interest rates, which expanded their net interest margins and boosted profitability. Strong consumer spending also contributed positively as it led to increased demand for various financial services and products. Lastly, the growth in digital banking and fintech provided a positive tailwind for many companies in the Fund's portfolio, as financial institutions invested heavily in technology to improve their services and operational efficiency. Investors in the Fund also benefited from the covered call strategy which generated income from options premiums.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X Financials Covered Call & Growth ETF - $12314 | S&P 500 Index (TR)* - $14878 | Cboe S&P Financial Select Sector Half BuyWrite Index - $12607 | Financial Select Sector Index (TR) (USD) - $11681 |
|---|
| Nov/22 | $10000 | $10000 | $10000 | $10000 |
| Oct/23 | $9460 | $10780 | $9569 | $9309 |
| Oct/24 | $12314 | $14878 | $12607 | $11681 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | Annualized Since Inception |
|---|
| Global X Financials Covered Call & Growth ETF | 30.17% | 11.29% |
| S&P 500 Index (TR)* | 38.02% | 22.66% |
| Cboe S&P Financial Select Sector Half BuyWrite Index | 31.76% | 12.65% |
| Financial Select Sector Index (TR) (USD) | 46.35% | 17.23% |
Since its inception on November 21, 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/fylg/ for current month-end performance.
* As of October 2024, pursuant to new regulatory requirements, the Fund changed its broad-based securities market benchmark from Financial Select Sector Index (TR) (USD) 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 |
|---|
| $3,583,090 | 74 | $14,366 | 3.32% |
What did the Fund invest in?
Asset/Sector WeightingsFootnote Reference*
| Value | Value |
|---|
| Written Option | -0.4% |
| Financials | 46.7% |
| Exchange Traded Funds | 53.6% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| Financial Select Sector SPDR Fund | | | 53.6% |
| Berkshire Hathaway, Cl B | | | 6.0% |
| JPMorgan Chase | | | 4.6% |
| Visa, Cl A | | | 3.5% |
| Mastercard, Cl A | | | 3.0% |
| Bank of America | | | 2.0% |
| Wells Fargo | | | 1.6% |
| Goldman Sachs Group | | | 1.2% |
| S&P Global | | | 1.1% |
| American Express | | | 1.1% |
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 Financials Covered Call & Growth ETF: FYLG
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-16
Global X Health Care Covered Call & Growth ETF
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X Health Care Covered Call & Growth 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/hylg/. 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 Health Care Covered Call & Growth ETF | $59 | 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 Cboe S&P Health Care Select Sector Half BuyWrite 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 measures the performance of a partially covered call strategy that holds a theoretical portfolio of the underlying securities of the Health Care Select Sector Index (TR) (USD) (“Reference Index”). The Index “writes” (or sells) a succession of one-month at-the-money covered call options on the Health Care Select Sector SPDR Fund (“Reference Fund”), or such other fund that seeks to track the performance of the Reference Index, as determined by Cboe. The call options correspond to approximately 50% of the value of the securities in the Reference Index, thereby representing a partially covered call strategy.
For the 12-month period ended October 31, 2024 (the "reporting period"), the Fund increased 15.20%, while the Secondary Index increased 16.31%. The Fund had a net asset value of $23.42 per share on October 31, 2023 and ended the reporting period with a net asset value of $25.19 on October 31, 2024.
During the reporting period, the highest returns came from Intuitive Surgical, Inc. and DaVita Inc., which returned 92.14% and 81.03% respectively. The worst performers were Humana Inc. and Moderna, Inc., which returned -50.29% and -28.44%, respectively.
During the reporting period, the Fund recorded positive performance. Growth in telemedicine and digital health solutions continued as healthcare providers increasingly adopted remote care technologies. Medical device manufacturers also experienced an increased demand for their products as elective procedures increased and hospitals upgraded their equipment. These factors, combined with the Fund's covered call strategy which generated additional income through option premiums, contributed to the overall positive performance during the reporting period. However, the Fund's covered call strategy capped some potential upside participation.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X Health Care Covered Call & Growth ETF - $11284 | S&P 500 Index (TR)* - $14878 | Cboe S&P Health Care Select Sector Half BuyWrite Index - $11368 | Health Care Select Sector Index (TR) (USD) - $10999 |
|---|
| Nov/22 | $10000 | $10000 | $10000 | $10000 |
| Oct/23 | $9795 | $10780 | $9774 | $9409 |
| Oct/24 | $11284 | $14878 | $11368 | $10999 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | Annualized Since Inception |
|---|
| Global X Health Care Covered Call & Growth ETF | 15.20% | 6.41% |
| S&P 500 Index (TR)* | 38.02% | 22.66% |
| Cboe S&P Health Care Select Sector Half BuyWrite Index | 16.31% | 6.81% |
| Health Care Select Sector Index (TR) (USD) | 19.91% | 6.40% |
Since its inception on November 21, 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/hylg/ for current month-end performance.
* As of October 2024, pursuant to new regulatory requirements, the Fund changed its broad-based securities market benchmark from Health Care Select Sector Index (TR) (USD) 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 |
|---|
| $2,771,327 | 64 | $15,357 | 2.34% |
What did the Fund invest in?
Asset/Sector WeightingsFootnote Reference*
| Value | Value |
|---|
| Written Option | -0.1% |
| Health Care | 47.3% |
| Exchange Traded Funds | 52.7% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| Health Care Select Sector SPDR Fund | | | 52.7% |
| Eli Lilly | | | 5.7% |
| UnitedHealth Group | | | 4.6% |
| Johnson & Johnson | | | 3.4% |
| AbbVie | | | 3.2% |
| Merck | | | 2.3% |
| Thermo Fisher Scientific | | | 1.8% |
| Abbott Laboratories | | | 1.7% |
| Intuitive Surgical | | | 1.6% |
| Amgen | | | 1.5% |
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 Health Care Covered Call & Growth ETF: HYLG
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-17
Global X Information Technology Covered Call & Growth ETF
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X Information Technology Covered Call & Growth 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/tylg/. 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 Information Technology Covered Call & Growth ETF | $63 | 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 Cboe S&P Technology Select Sector Half BuyWrite 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 measures the performance of a partially covered call strategy that holds a theoretical portfolio of the underlying securities of the Information Technology Select Sector Index (TR) (USD) (“Reference Index”). The Secondary Index “writes” (or sells) a succession of one-month at-the- money covered call options on the Information Technology Select Sector SPDR® Fund, or such other fund that seeks to track the performance of the Reference Index, as determined by Cboe. The call options correspond to approximately 50% of the value of the securities in the Reference Index, creating a partially covered call strategy.
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 27.98%, while the Secondary Index increased 29.38%. The Fund had a net asset value of $28.86 per share on October 31, 2023 and ended the reporting period with a net asset value of $32.36 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 Intel Corporation, which returned -72.76% and -40.04%, respectively.
During the reporting period, the Fund recorded positive performance. The continued growth in cloud computing services boosted companies specializing in this area, generally improving their profit margins. Additionally, the increasing adoption of artificial intelligence and machine learning technologies across various industries led to higher demand for specialized hardware and software, benefiting companies in the Fund's Reference Index. Lastly, ongoing digital transformation efforts by businesses resulted in increased spending on IT infrastructure and services, positively impacting the Fund's holdings in enterprise software and IT consulting firms. These drivers collectively enabled the Fund to capitalize on industry trends that drive innovation and growth and contributed to the Fund’s positive performance during the reporting period. However, the Fund’s covered call strategy capped some potential upside participation.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X Information Technology Covered Call & Growth ETF - $15776 | S&P 500 Index (TR)* - $14878 | Cboe S&P Technology Select Sector Half BuyWrite Index - $16039 | Information Technology Select Sector Index (TR) (USD) - $16058 |
|---|
| Nov/22 | $10000 | $10000 | $10000 | $10000 |
| Oct/23 | $12327 | $10780 | $12397 | $12684 |
| Oct/24 | $15776 | $14878 | $16039 | $16058 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | Annualized Since Inception |
|---|
| Global X Information Technology Covered Call & Growth ETF | 27.98% | 26.41% |
| S&P 500 Index (TR)* | 38.02% | 22.66% |
| Cboe S&P Technology Select Sector Half BuyWrite Index | 29.38% | 27.49% |
| Information Technology Select Sector Index (TR) (USD) | 36.68% | 32.69% |
Since its inception on November 21, 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/tylg/ for current month-end performance.
* As of October 2024, pursuant to new regulatory requirements, the Fund changed its broad-based securities market benchmark from Information Technology Select Sector Index (TR) (USD) 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 |
|---|
| $8,414,315 | 71 | $36,462 | 22.38% |
What did the Fund invest in?
Asset/Sector WeightingsFootnote Reference*
| Value | Value |
|---|
| Written Option | -0.5% |
| Information Technology | 46.4% |
| Exchange Traded Funds | 54.1% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| Technology Select Sector SPDR Fund | | | 54.0% |
| Apple | | | 6.9% |
| NVIDIA | | | 6.5% |
| Microsoft | | | 6.1% |
| Broadcom | | | 2.1% |
| Salesforce | | | 1.5% |
| Oracle | | | 1.4% |
| Advanced Micro Devices | | | 1.2% |
| Cisco Systems | | | 1.2% |
| Accenture PLC, Cl A | | | 1.1% |
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 Information Technology Covered Call & Growth ETF: TYLG
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-18
Global X Nasdaq 100 ESG Covered Call ETF
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X Nasdaq 100 ESG Covered Call 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/qyle/. 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 ESG Covered Call ETF | $67 | 0.60% |
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 ESG BuyWrite Index (USD) (TR) (“Secondary Index”).
The Secondary Index seeks to provide long exposure to an equity portfolio that applies a set of specific environmental, social and governance (“ESG”) criteria as part of its security selection process, while also selling call options generally associated with such exposure.
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 22.73%, while the Secondary Index increased 23.97%. The Fund had a net asset value of $24.77 per share on October 31, 2023 and ended the reporting period with a net asset value of $27.10 on October 31, 2024.
During the reporting period, the highest returns came from NVIDIA Corporation and Broadcom Inc., which returned 225.65% and 104.86% respectively. The worst performers were Walgreens Boots Alliance, Inc. and Dollar Tree, Inc., which returned -45.16% and -41.81%, respectively.
The Fund recorded positive returns during the reporting period, driven by the option premiums attained operating its covered call strategy. The Nasdaq-100 ESG Index (“Reference Index”) experienced positive performance due to strong returns of constituents in the semiconductor industry, particularly from those exposed to artificial intelligence and data center growth. Additionally, robust consumer demand for electronics and gaming devices boosted sales for companies in the Reference Index. Constituents in the Reference Index also benefitted from healthy IT budgets, which supported demand for software and services. Despite an overall positive performance recorded by the Reference Index, various market factors led to increased volatility. Geopolitical tensions created uncertainties around trade policies, market access, and global prosperity. Inflationary pressures and changing interest rates also resulted in volatility. Lastly, the U.S. Presidential Election generated uncertainty in the financial markets during the reporting period, particularly within key industries and companies that have an emphasis on ESG efforts. This heightened volatility in the Reference Index during the reporting period helped drive the value of option premiums attained by the Fund, which contributed to the Fund’s overall positive performance. During the reporting period, by sector, the Fund had the highest exposure to Information Technology at 60.86% and Communication Services at 11.85%.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X Nasdaq 100 ESG Covered Call ETF - $13460 | S&P 500 Index (TR)* - $14639 | NASDAQ -100 Index (USD) - $16720 | NASDAQ -100 ESG BuyWrite Index (USD) (TR) - $13530 |
|---|
| Feb/23 | $10000 | $10000 | $10000 | $10000 |
| Oct/23 | $10967 | $10606 | $12013 | $10953 |
| Oct/24 | $13460 | $14639 | $16720 | $13530 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | Annualized Since Inception |
|---|
| Global X Nasdaq 100 ESG Covered Call ETF | 22.73% | 19.18% |
| S&P 500 Index (TR)* | 38.02% | 25.24% |
| NASDAQ -100 Index (USD) | 39.19% | 35.47% |
| NASDAQ -100 ESG BuyWrite Index (USD) (TR) | 23.97% | 19.55% |
Since its inception on February 21, 2023. 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/qyle/ 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 (USD) 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 |
|---|
| $3,522,684 | 95 | $16,233 | 15.87% |
What did the Fund invest in?
Asset/Sector WeightingsFootnote Reference*
| Value | Value |
|---|
| Written Options | -1.2% |
| Real Estate | 0.2% |
| Utilities | 0.3% |
| Financials | 0.6% |
| Materials | 2.2% |
| Industrials | 4.0% |
| Consumer Staples | 4.7% |
| Health Care | 5.9% |
| Consumer Discretionary | 10.3% |
| Communication Services | 12.1% |
| Information Technology | 60.9% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| NVIDIA | | | 11.4% |
| Apple | | | 10.4% |
| Microsoft | | | 10.2% |
| Broadcom | | | 5.6% |
| Amazon.com | | | 2.7% |
| Netflix | | | 2.7% |
| Tesla | | | 2.4% |
| Linde PLC | | | 2.2% |
| Advanced Micro Devices | | | 2.1% |
| Cisco Systems | | | 2.0% |
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 Nasdaq 100 ESG Covered Call ETF: QYLE
Principal Listing Exchange: Nasdaq
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-19
Global X S&P 500 ESG Covered Call 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 ESG Covered Call 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/xyle. 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 ESG Covered Call ETF | $66 | 0.60% |
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 ESG BuyWrite Index (USD) (TR) (“Secondary Index”).
The Secondary Index seeks to provide long exposure to an equity portfolio that applies a set of specific environmental, social and governance (“ESG”) criteria as part of its security selection process, while also “writing” (selling) call options generally associated with such exposure.
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 19.16%, while the Secondary Index increased 19.69%. The Fund had a net asset value of $23.79 per share on October 31, 2023 and ended the reporting period with a net asset value of $26.31 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 Walgreens Boots Alliance, Inc. and Humana Inc., which returned -51.75% and -50.29%, respectively.
The Fund recorded positive returns during the reporting period, driven by the option premiums attained operating its covered call strategy. The S&P 500 ESG Index (“Reference Index”) experienced fluctuations influenced by many macroeconomic factors such as interest rate changes and inflationary pressures. 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. Additionally, the U.S. Presidential Election generated uncertainty in the financial markets during the reporting period. This heightened volatility in the Reference Index during the reporting period helped drive the value of option premiums attained by the Fund. During the reporting period, by sector, the Fund had the highest exposure to Information Technology at 33.32% and Financials at 13.20%.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X S&P 500 ESG Covered Call ETF - $12129 | S&P 500 Index (TR) - $14639 | Cboe S&P 500 ESG BuyWrite Index (USD) (TR) - $12258 |
|---|
| Feb/23 | $10000 | $10000 | $10000 |
| Oct/23 | $10179 | $10606 | $10242 |
| Oct/24 | $12129 | $14639 | $12258 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | Annualized Since Inception |
|---|
| Global X S&P 500 ESG Covered Call ETF | 19.16% | 12.08% |
| S&P 500 Index (TR) | 38.02% | 25.24% |
| Cboe S&P 500 ESG BuyWrite Index (USD) (TR) | 19.69% | 12.78% |
Since its inception on February 21, 2023. 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/xyle 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 |
|---|
| $1,841,387 | 315 | $10,237 | 13.37% |
What did the Fund invest in?
Asset/Sector WeightingsFootnote Reference*
| Value | Value |
|---|
| Written Option | -0.4% |
| Utilities | 1.3% |
| Materials | 2.4% |
| Real Estate | 2.5% |
| Energy | 4.1% |
| Consumer Staples | 6.5% |
| Communication Services | 7.5% |
| Consumer Discretionary | 7.6% |
| Industrials | 7.8% |
| Health Care | 11.4% |
| Financials | 14.5% |
| Information Technology | 34.6% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| Apple | | | 10.1% |
| NVIDIA | | | 9.6% |
| Microsoft | | | 8.9% |
| Alphabet, Cl A | | | 2.9% |
| Alphabet, Cl C | | | 2.4% |
| Tesla | | | 2.0% |
| Eli Lilly | | | 1.9% |
| JPMorgan Chase | | | 1.8% |
| UnitedHealth Group | | | 1.5% |
| Exxon Mobil | | | 1.5% |
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 S&P 500 ESG Covered Call ETF: XYLE
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-20
Global X Dow 30® Covered Call & Growth ETF
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X Dow 30® Covered Call & Growth 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/dylg/. You can also request this information by contacting us at 1-888-493-8631. This annual shareholder report describes changes to the Fund that occurred during the reporting period.
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 Dow 30® Covered Call & Growth ETF | $53 | 0.48% |
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 DJIA Half BuyWrite Index (TR) USD) (“Secondary Index”).
The Secondary Index measures the performance of a partially covered call strategy that holds a theoretical portfolio of the underlying stocks of the DJIA Index (TR) (USD) (“Reference Index”) and “writes” (or sells) a succession of one-month at-the-money covered call options on the same. The call options correspond to approximately 50% of the value of the securities in the Reference Index, thereby creating a partially covered call strategy.
For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 21.13%, while the Secondary Index increased 21.28%. The Fund had a net asset value of $24.20 per share on October 31, 2023 and ended the reporting period with a net asset value of $28.36 on October 31, 2024.
During the reporting period, the highest returns came from American Express Company and Goldman Sachs Group, Inc., which returned 87.16% and 75.21% respectively. The worst performers were Intel Corporation and NIKE, Inc., which returned -40.04% and -23.79%, respectively.
During the reporting period, the Fund recorded positive performance due to a variety of factors. Low unemployment rates boosted consumer confidence, resulting in increased spending, which in turn supported the financials of companies found in the Fund. The Federal Reserve's rate cut in September 2024 helped the broader market and improved investor sentiment. Additionally, underlying healthcare-related constituents in the Fund saw gains due to continued demand for medical services and pharmaceutical innovations. Technological advancements and increased digital transformation efforts directly benefited the Technology sector, which is well represented in the Fund. Similarly, the Industrials sector experienced growth due to increased infrastructure spending and manufacturing activity. These factors, combined with income from options premiums, contributed to the Fund’s overall positive returns during the reporting period, though the Fund's covered call strategy sacrificed potential upside participation in approximately 50% of the value of the securities in the Reference Index. During the reporting period, by sector, the Fund had the highest exposure to Financials at 22.29% and Information Technology at 19.26%. During the period, the Fund’s management fee reduced from 0.60% to 0.35%.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X Dow 30® Covered Call & Growth ETF - $11464 | S&P 500 Index (TR)* - $12725 | Cboe DJIA Half BuyWrite Index (TR) (USD) - $11484 | DJIA Index (TR) (USD) - $12082 |
|---|
| Jul/23 | $10000 | $10000 | $10000 | $10000 |
| Oct/23 | $9465 | $9220 | $9469 | $9377 |
| Oct/24 | $11464 | $12725 | $11484 | $12082 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | 1 Year | Annualized Since Inception |
|---|
Global X Dow 30® Covered Call & Growth ETF | 21.13% | 11.35% |
| S&P 500 Index (TR)* | 38.02% | 20.87% |
| Cboe DJIA Half BuyWrite Index (TR) (USD) | 21.28% | 11.50% |
| DJIA Index (TR) (USD) | 28.85% | 16.05% |
Since its inception on July 25, 2023. 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/dylg/ for current month-end performance.
* As of October 2024, pursuant to new regulatory requirements, the Fund changed its broad-based securities market benchmark from DJIA Index (TR) (USD) 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 |
|---|
| $1,984,919 | 31 | $11,092 | 6.08% |
What did the Fund invest in?
Asset/Sector WeightingsFootnote Reference*
| Value | Value |
|---|
| Written Option | -0.7% |
| Materials | 0.8% |
| Communication Services | 2.2% |
| Energy | 2.4% |
| Consumer Staples | 4.9% |
| Industrials | 13.6% |
| Consumer Discretionary | 15.0% |
| Health Care | 18.1% |
| Information Technology | 19.1% |
| Financials | 24.5% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| UnitedHealth Group | | | 8.9% |
| Goldman Sachs Group | | | 8.2% |
| Microsoft | | | 6.4% |
| Home Depot | | | 6.2% |
| Caterpillar | | | 6.0% |
| Amgen | | | 5.1% |
| McDonald's | | | 4.6% |
| Salesforce | | | 4.6% |
| Visa, Cl A | | | 4.6% |
| American Express | | | 4.3% |
This is a summary of certain changes to the Fund since November 1, 2023. For more complete information, you may review the Fund's next prospectus, which we expect to be available by March 1, 2025 at https://www.globalxetfs.com/funds/dylg or upon request at 1-888-493-8631.
Effective April 11, 2024, the Supervision and Administration Fee for the Global X Dow 30® Covered Call & Growth ETF was reduced to 0.35%. Prior to that, the Fund was subject to a Supervision and Administration Fee of 0.60%.
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:
Global X Dow 30® Covered Call & Growth ETF: DYLG
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-21
Global X MSCI Emerging Markets Covered Call 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 Emerging Markets Covered Call ETF (the "Fund") for the period from November 7, 2023 (commencement of operations) to October 31, 2024. You can find additional information about the Fund at https://www.globalxetfs.com/funds/emcc/. 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 MSCI Emerging Markets Covered Call ETF | $53 | 0.51% |
| 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 Cboe MSCI Emerging Markets IMI BuyWrite Index (NR) (USD) ("Secondary Index").
The Secondary Index measures the performance of a theoretical portfolio that takes a long position in the MSCI Emerging Markets Investable Market Index (“IMI”) (the “Reference Index”) and “writes” (sells) a series of short call options on the iShares Core MSCI Emerging Markets ETF (the “Reference Fund”), as defined by Cboe, the provider of the Secondary Index. Call options on the Reference Fund are held until the day prior to expiration (i.e., generally the Thursday preceding the third Friday of the month) and are liquidated at a theoretical price, as defined by Cboe, the provider of the Secondary Index. The Reference Index is an equity benchmark designed to track the performance of large-, mid-, and small-capitalization companies across emerging market countries, as defined by MSCI, the provider of the Reference Index.
Since November 8, 2023 (the “reporting period”), the Fund increased 10.30%, while the Secondary Index increased 19.14%. The Fund had a net asset value of $24.56 per share on November 8, 2023, and ended the reporting period with a net asset value of $24.80 on October 31, 2024.
During the reporting period, the highest return came from the iShares Core MSCI Emerging Markets ETF, which returned 18.19%.
During the reporting period, the Fund recorded positive performance driven by the option premiums attained operating its covered call strategy. Many emerging market economies showed resilience and growth, particularly in the Technology and Consumer Discretionary sectors. Some technology companies, which are well represented in the Reference Index, saw strong demand for chips used in artificial intelligence applications. Some consumer discretionary companies, also well represented in the Reference Index, benefited from growing e-commerce activity. Geopolitical tensions introduced uncertainty around trade policies, market access, and global prosperity, which resulted in heightened volatility during the reporting period, and helped increase the amount of option premiums attained by the Fund.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X MSCI Emerging Markets Covered Call ETF - $11030 | MSCI Emerging Markets Index (Net) (USD) - $11936 | Cboe MSCI Emerging Markets IMI Buywrite Index (NR) (USD) - $11182 |
|---|
| Nov/23 | $10000 | $10000 | $10000 |
| Nov/23 | $10087 | $10287 | $10193 |
| Dec/23 | $10332 | $10689 | $10477 |
| Jan/24 | $9993 | $10192 | $10134 |
| Feb/24 | $10165 | $10677 | $10371 |
| Mar/24 | $10309 | $10942 | $10468 |
| Apr/24 | $10357 | $10991 | $10615 |
| May/24 | $10108 | $11053 | $10185 |
| Jun/24 | $10447 | $11489 | $10632 |
| Jul/24 | $10638 | $11523 | $10762 |
| Aug/24 | $10824 | $11709 | $11024 |
| Sep/24 | $11038 | $12491 | $11342 |
| Oct/24 | $11030 | $11936 | $11182 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | Cumulative Since Inception |
|---|
| Global X MSCI Emerging Markets Covered Call ETF | 10.30% |
| MSCI Emerging Markets Index (Net) (USD) | 19.36% |
| Cboe MSCI Emerging Markets IMI Buywrite Index (NR) (USD) | 11.82% |
Since its inception on November 7, 2023. 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/emcc/ 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 |
|---|
| $1,983,606 | 2 | $8,180 | 7.45% |
What did the Fund invest in?
Asset WeightingsFootnote Reference*
| Value | Value |
|---|
| Written Options | -0.5% |
| Exchange Traded Fund | 100.2% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
| iShares Core MSCI Emerging Markets ETF | | | 100.2% |
| Written Option - iShares Core MSCI Emerging Markets ETF, $57, 11/15/24 | | | -0.5% |
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 MSCI Emerging Markets Covered Call ETF: EMCC
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-22
Global X S&P 500 Quality Dividend Covered Call 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 Quality Dividend Covered Call ETF (the "Fund") for the period from May 7, 2024 (commencement of operations) to October 31, 2024. You can find additional information about the Fund at https://www.globalxetfs.com/funds/qdcc/. 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 S&P 500 Quality Dividend Covered Call ETF | $18 | 0.35% |
| 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 Cboe QDIV ATM BuyWrite Index (TR) (USD) ("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 theoretical portfolio that takes a long position in the Global X S&P 500 Quality Dividend ETF (Ticker: QDIV) (“Reference Fund”), an affiliate of the Fund, and writes (or sells) a succession of at-the-money (“ATM”) call options with monthly expirations on the Reference Fund. The covered call options on the Reference Fund are held until the day prior to expiration (i.e., generally the Thursday preceding the third Friday of the month) and are liquidated at a theoretical price, as defined by Cboe, the provider of the Secondary Index. The Reference Fund seeks to track the performance of high-quality dividend-paying companies within the S&P 500.
Since May 7, 2024 (the "reporting period"), the Fund increased 6.68%, while the Secondary Index decreased 0.44%. The Fund had a net asset value of $25.06 per share on May 7, 2024, and ended the reporting period with a net asset value of $25.67 on October 31, 2024.
During the reporting period, the Global X S&P 500 Quality Dividend ETF returned 8.27%.
During the reporting period, the Fund recorded positive performance driven by the option premiums collected from the ATM covered call strategy. Declining inflation and modest economic growth bolstered the performance of many underlying constituents. Additionally, the growing prevalence of artificial intelligence served as a catalyst for underlying constituents, particularly in the Technology sector. However, the upward movements of the Secondary Index did not directly translate into the positive performance of the Fund due to the nature of the covered call strategy.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X S&P 500 Quality Dividend Covered Call ETF - $10668 | S&P 500 Index (TR) - $11072 | Cboe QDIV ATM BuyWrite Index (TR) (USD) - $9956 |
|---|
| May/24 | $10000 | $10000 | $10000 |
| May/24 | $9891 | $10187 | $9999 |
| Jun/24 | $9871 | $10552 | $9874 |
| Jul/24 | $10049 | $10681 | $9891 |
| Aug/24 | $10308 | $10940 | $10147 |
| Sep/24 | $10349 | $11173 | $10151 |
| Oct/24 | $10668 | $11072 | $9956 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | Cumulative Since Inception |
|---|
| Global X S&P 500 Quality Dividend Covered Call ETF | 6.68% |
| S&P 500 Index (TR) | 10.72% |
| Cboe QDIV ATM BuyWrite Index (TR) (USD) | -0.44% |
Since its inception on May 7, 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/qdcc/ 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 |
|---|
| $1,026,984 | 2 | $3,741 | 3.19% |
What did the Fund invest in?
Asset WeightingsFootnote Reference*
| Value | Value |
|---|
| Written Option | -0.5% |
| Exchange Traded Funds | 100.4% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
Global X S&P 500 Quality Dividend ETFFootnote Reference** | | | 100.4% |
| Written Option - Global X S&P 500 Quality Dividend ETF, $37, 11/15/24 | | | -0.5% |
| Footnote | Description |
Footnote** | Affiliated Investment |
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 Quality Dividend Covered Call ETF: QDCC
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-23
Global X MLP & Energy Infrastructure Covered Call ETF
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
This annual shareholder report contains important information about the Global X MLP & Energy Infrastructure Covered Call ETF (the "Fund") for the period from May 7, 2024 (commencement of operations) to October 31, 2024. You can find additional information about the Fund at https://www.globalxetfs.com/funds/mlpd/. 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 MLP & Energy Infrastructure Covered Call ETF | $30 | 0.60% |
| 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 Cboe MLPX ATM BuyWrite Index (TR) (USD) ("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 theoretical portfolio that takes a long position in the Global X MLP & Energy Infrastructure ETF (Ticker: MLPX) (“Reference Fund”), an affiliate of the Fund, and “writes” (or sells) a succession of at-the-money (“ATM”) call options with monthly expirations on the Reference Fund. The covered call options on the Reference Fund are held until the day prior to expiration (i.e., generally the Thursday preceding the third Friday of the month) and are liquidated at a theoretical price, as defined by Cboe, the provider of the Secondary Index. The Reference Fund seeks to track the performance of the underlying Energy Infrastructure sector.
Since May 7, 2024 (the “reporting period”), the Fund increased 7.09%, while the Secondary Index increased 3.37% . The Fund had a net asset value of $24.95 per share on May 7, 2024, and ended the reporting period with a net asset value of $25.50 on October 31, 2024.
During the reporting period, the Fund’s only equity holding, the Global X MLP & Energy Infrastructure ETF, returned 18.15%.
During the reporting period, the Fund recorded positive performance driven by the premiums attained from the ATM covered call strategy. Strong production growth in U.S. oil and natural gas was a primary driver of the Secondary Index's returns, as many of the midstream energy infrastructure companies benefited from increased volumes transported through their pipelines and processing facilities. As a result, many of these companies were able to increase their cash distributions to unitholders, enhancing their total returns. Additionally, some energy infrastructure corporations completed accretive acquisitions or growth projects that expanded their asset bases and cash flow generation. While the Fund posted positive absolute returns, it underperformed the Reference Fund due to the strong performance and relatively low volatility in the midstream sector during the reporting period, which limited the benefit of the covered call strategy.
How did the Fund perform since inception?
Total Return Based on $10,000 Investment
| Global X MLP & Energy Infrastructure Covered Call ETF - $10709 | S&P 500 Index (TR) - $11072 | Cboe MLPX ATM BuyWrite Index (TR) (USD) - $10337 |
|---|
| May/24 | $10000 | $10000 | $10000 |
| May/24 | $10062 | $10187 | $9950 |
| Jun/24 | $10201 | $10552 | $10102 |
| Jul/24 | $10354 | $10681 | $10243 |
| Aug/24 | $10528 | $10940 | $10339 |
| Sep/24 | $10625 | $11173 | $10352 |
| Oct/24 | $10709 | $11072 | $10337 |
Average Annual Total Returns as of October 31, 2024
| Fund/Index Name | Cumulative Since Inception |
|---|
| Global X MLP & Energy Infrastructure Covered Call ETF | 7.09% |
| S&P 500 Index (TR) | 10.72% |
| Cboe MLPX ATM BuyWrite Index (TR) (USD) | 3.37% |
Since its inception on May 7, 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/mlpd/ 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 |
|---|
| $2,550,456 | 2 | $7,282 | 2.51% |
What did the Fund invest in?
Asset WeightingsFootnote Reference*
| Value | Value |
|---|
| Written Option | -0.6% |
| Exchange Traded Funds | 100.5% |
| Footnote | Description |
Footnote* | Percentages are calculated based on total net assets. |
| Holding Name | | | Percentage of Total Net Assets |
|---|
Global X MLP & Energy Infrastructure ETFFootnote Reference** | | | 100.5% |
| Written Option - Global X MLP & Energy Infrastructure ETF, $57, 11/15/24 | | | -0.6% |
| Footnote | Description |
Footnote** | Affiliated Investment |
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 MLP & Energy Infrastructure Covered Call ETF: MLPD
Principal Listing Exchange: NYSE Arca, Inc.
Annual Shareholder Report: October 31, 2024
GX-AR-TSR-10.2024-24
(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 S&P 500® Covered Call ETF (ticker: XYLD)
Global X NASDAQ 100® Covered Call ETF (ticker: QYLD)
Global X Russell 2000 Covered Call ETF (ticker: RYLD)
Global X Nasdaq 100® Covered Call & Growth ETF (ticker: QYLG)
Global X S&P 500® Covered Call & Growth ETF (ticker: XYLG)
Global X NASDAQ 100® Risk Managed Income ETF (ticker: QRMI)
Global X S&P 500® Risk Managed Income ETF (ticker: XRMI)
Global X Dow 30® Covered Call ETF (ticker: DJIA)
Global X Russell 2000 Covered Call & Growth ETF (ticker: RYLG)
Global X Financials Covered Call & Growth ETF (ticker: FYLG)
Global X Health Care Covered Call & Growth ETF (ticker: HYLG)
Global X Information Technology Covered Call & Growth ETF (ticker: TYLG)
Global X Nasdaq 100 ESG Covered Call ETF (ticker: QYLE)
Global X S&P 500 ESG Covered Call ETF (ticker: XYLE)
Global X Dow 30® Covered Call & Growth ETF (ticker: DYLG)
Global X MSCI Emerging Markets Covered Call ETF (ticker: EMCC)
Global X S&P 500 Quality Dividend Covered Call ETF (ticker: QDCC)
Global X MLP & Energy Infrastructure Covered Call ETF (ticker: MLPD)
Annual Financials and Other Information
October 31, 2024
Table of Contents
Financial Statements (Form N-CSR Item 7)
Table of Contents
Shares are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. Shares may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units. Brokerage commissions will reduce returns.
The Funds file their complete schedules 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 Funds’ Form N-PORT is available on the Fund’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 Funds 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 Fund’s website at https://www.globalxetfs.com/explore/.
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call ETF |
| | | Shares | | | Value | |
| COMMON STOCK(A) — 100.6% | | | | | | | | |
| CHINA — 0.1% | | | | | | | | |
| Information Technology — 0.1% | | | | | | | | |
| NXP Semiconductors | | | 15,268 | | | $ | 3,580,346 | |
| | | | | | | | | |
| IRELAND — 0.5% | | | | | | | | |
| Information Technology — 0.5% | | | | | | | | |
| Accenture PLC, Cl A | | | 35,999 | | | | 12,413,175 | |
| | | | | | | | | |
| SWITZERLAND — 0.1% | | | | | | | | |
| Information Technology — 0.1% | | | | | | | | |
| TE Connectivity | | | 17,343 | | | | 2,556,705 | |
| | | | | | | | | |
| UNITED STATES — 99.9% | | | | | | | | |
| Communication Services — 9.2% | | | | | | | | |
| Alphabet, Cl A | | | 338,855 | | | | 57,981,479 | |
| Alphabet, Cl C | | | 277,668 | | | | 47,950,487 | |
| AT&T | | | 420,119 | | | | 9,469,482 | |
| Charter Communications, Cl A * | | | 5,275 | | | | 1,728,143 | |
| Comcast, Cl A | | | 226,281 | | | | 9,881,691 | |
| Electronic Arts | | | 13,142 | | | | 1,982,471 | |
| Fox, Cl A | | | 11,648 | | | | 489,216 | |
| Fox, Cl B | | | 7,361 | | | | 286,784 | |
| Interpublic Group | | | 20,182 | | | | 593,351 | |
| Live Nation Entertainment * | | | 9,258 | | | | 1,084,482 | |
| Match Group * | | | 11,980 | | | | 431,639 | |
| Meta Platforms, Cl A | | | 126,416 | | | | 71,751,193 | |
| Netflix * | | | 24,721 | | | | 18,689,818 | |
| News, Cl A | | | 23,603 | | | | 643,182 | |
| News, Cl B | | | 11,645 | | | | 338,171 | |
| Omnicom Group | | | 10,243 | | | | 1,034,543 | |
| Paramount Global, Cl B | | | 41,115 | | | | 449,798 | |
| Take-Two Interactive Software * | | | 9,705 | | | | 1,569,493 | |
| T-Mobile US | | | 28,583 | | | | 6,378,582 | |
| Verizon Communications | | | 246,970 | | | | 10,404,846 | |
| Walt Disney | | | 106,314 | | | | 10,227,407 | |
| Warner Bros Discovery * | | | 121,483 | | | | 987,657 | |
| | | | | | | | 254,353,915 | |
The accompanying notes are an integral part of the financial statements.
1
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Discretionary — 10.1% | | | | | | | | |
| Airbnb, Cl A * | | | 25,769 | | | $ | 3,473,404 | |
| Amazon.com * | | | 540,753 | | | | 100,796,359 | |
| Aptiv PLC * | | | 14,522 | | | | 825,285 | |
| AutoZone * | | | 955 | | | | 2,873,595 | |
| Best Buy | | | 11,971 | | | | 1,082,538 | |
| Booking Holdings | | | 1,918 | | | | 8,969,047 | |
| BorgWarner | | | 13,344 | | | | 448,759 | |
| Caesars Entertainment * | | | 15,472 | | | | 619,654 | |
| CarMax * | | | 10,798 | | | | 781,559 | |
| Carnival * | | | 56,019 | | | | 1,232,418 | |
| Chipotle Mexican Grill, Cl A * | | | 77,436 | | | | 4,318,606 | |
| Darden Restaurants | | | 6,170 | | | | 987,323 | |
| Deckers Outdoor * | | | 8,483 | | | | 1,364,830 | |
| Domino’s Pizza | | | 2,249 | | | | 930,479 | |
| DR Horton | | | 17,230 | | | | 2,911,870 | |
| eBay | | | 29,004 | | | | 1,668,020 | |
| Expedia Group * | | | 7,086 | | | | 1,107,613 | |
| Ford Motor | | | 230,449 | | | | 2,371,320 | |
| Garmin | | | 8,634 | | | | 1,712,554 | |
| General Motors | | | 67,369 | | | | 3,419,650 | |
| Genuine Parts | | | 9,030 | | | | 1,035,741 | |
| Hasbro | | | 9,177 | | | | 602,287 | |
| Hilton Worldwide Holdings | | | 14,830 | | | | 3,482,826 | |
| Home Depot | | | 57,195 | | | | 22,520,531 | |
| Las Vegas Sands | | | 21,924 | | | | 1,136,759 | |
| Lennar, Cl A | | | 14,339 | | | | 2,441,932 | |
| LKQ | | | 17,638 | | | | 648,902 | |
| Lowe’s | | | 33,366 | | | | 8,736,220 | |
| Lululemon Athletica * | | | 6,269 | | | | 1,867,535 | |
| Marriott International, Cl A | | | 13,470 | | | | 3,502,469 | |
| McDonald’s | | | 41,213 | | | | 12,038,729 | |
| MGM Resorts International * | | | 15,162 | | | | 559,023 | |
| Mohawk Industries * | | | 3,734 | | | | 501,364 | |
| NIKE, Cl B | | | 70,113 | | | | 5,407,816 | |
| Norwegian Cruise Line Holdings * | | | 27,536 | | | | 697,762 | |
| NVR * | | | 177 | | | | 1,620,047 | |
| O’Reilly Automotive * | | | 3,289 | | | | 3,792,677 | |
| Pool | | | 2,585 | | | | 934,839 | |
| PulteGroup | | | 11,936 | | | | 1,546,070 | |
The accompanying notes are an integral part of the financial statements.
2
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Discretionary — continued | | | | | | | | |
| Ralph Lauren, Cl A | | | 2,609 | | | $ | 516,399 | |
| Ross Stores | | | 19,153 | | | | 2,676,057 | |
| Royal Caribbean Cruises | | | 13,820 | | | | 2,851,757 | |
| Starbucks | | | 64,484 | | | | 6,300,087 | |
| Tapestry | | | 13,030 | | | | 618,274 | |
| Tesla * | | | 160,282 | | | | 40,046,458 | |
| TJX | | | 66,087 | | | | 7,469,814 | |
| Tractor Supply | | | 6,074 | | | | 1,612,708 | |
| Ulta Beauty * | | | 3,037 | | | | 1,120,592 | |
| Wynn Resorts | | | 5,947 | | | | 571,031 | |
| Yum! Brands | | | 16,060 | | | | 2,106,430 | |
| | | | | | | | 280,858,019 | |
| Consumer Staples — 5.8% | | | | | | | | |
| Altria Group | | | 99,170 | | | | 5,400,798 | |
| Archer-Daniels-Midland | | | 25,668 | | | | 1,417,130 | |
| Brown-Forman, Cl B | | | 13,030 | | | | 573,711 | |
| Bunge Global | | | 7,885 | | | | 662,498 | |
| Campbell Soup | | | 9,990 | | | | 466,033 | |
| Church & Dwight | | | 14,621 | | | | 1,460,784 | |
| Clorox | | | 6,806 | | | | 1,079,091 | |
| Coca-Cola | | | 223,175 | | | | 14,575,559 | |
| Colgate-Palmolive | | | 46,216 | | | | 4,330,901 | |
| Conagra Brands | | | 26,190 | | | | 757,939 | |
| Constellation Brands, Cl A | | | 9,478 | | | | 2,202,119 | |
| Costco Wholesale | | | 25,564 | | | | 22,347,538 | |
| Dollar General | | | 14,360 | | | | 1,149,374 | |
| Dollar Tree * | | | 13,615 | | | | 880,074 | |
| Estee Lauder, Cl A | | | 13,410 | | | | 924,485 | |
| General Mills | | | 32,950 | | | | 2,241,259 | |
| Hershey | | | 9,075 | | | | 1,611,538 | |
| Hormel Foods | | | 18,701 | | | | 571,316 | |
| J M Smucker | | | 6,644 | | | | 754,160 | |
| Kellanova | | | 16,549 | | | | 1,334,677 | |
| Kenvue | | | 105,709 | | | | 2,423,907 | |
| Keurig Dr Pepper | | | 60,885 | | | | 2,006,161 | |
| Kimberly-Clark | | | 19,787 | | | | 2,655,020 | |
| Kraft Heinz | | | 47,979 | | | | 1,605,377 | |
| Kroger | | | 37,680 | | | | 2,101,414 | |
The accompanying notes are an integral part of the financial statements.
3
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Staples — continued | | | | | | | | |
| Lamb Weston Holdings | | | 9,764 | | | $ | 758,565 | |
| McCormick | | | 14,133 | | | | 1,105,766 | |
| Molson Coors Beverage, Cl B | | | 11,757 | | | | 640,404 | |
| Mondelez International, Cl A | | | 77,799 | | | | 5,327,676 | |
| Monster Beverage * | | | 41,380 | | | | 2,179,898 | |
| PepsiCo | | | 78,950 | | | | 13,112,016 | |
| Philip Morris International | | | 91,180 | | | | 12,099,586 | |
| Procter & Gamble | | | 135,761 | | | | 22,425,002 | |
| Sysco | | | 29,168 | | | | 2,186,142 | |
| Target | | | 27,593 | | | | 4,140,054 | |
| Tyson Foods, Cl A | | | 14,659 | | | | 858,871 | |
| Walgreens Boots Alliance | | | 46,639 | | | | 441,205 | |
| Walmart | | | 250,318 | | | | 20,513,560 | |
| | | | | | | | 161,321,608 | |
| Energy — 3.4% | | | | | | | | |
| APA | | | 20,001 | | | | 472,024 | |
| Baker Hughes, Cl A | | | 56,840 | | | | 2,164,467 | |
| Chevron | | | 97,813 | | | | 14,556,531 | |
| ConocoPhillips | | | 67,920 | | | | 7,439,957 | |
| Coterra Energy | | | 48,837 | | | | 1,168,181 | |
| Devon Energy | | | 33,461 | | | | 1,294,271 | |
| Diamondback Energy | | | 10,211 | | | | 1,804,998 | |
| EOG Resources | | | 32,935 | | | | 4,016,753 | |
| EQT | | | 31,274 | | | | 1,142,752 | |
| Exxon Mobil | | | 256,526 | | | | 29,957,106 | |
| Halliburton | | | 47,117 | | | | 1,307,026 | |
| Hess | | | 16,106 | | | | 2,165,935 | |
| Kinder Morgan | | | 111,185 | | | | 2,725,144 | |
| Marathon Oil | | | 28,133 | | | | 779,284 | |
| Marathon Petroleum | | | 19,253 | | | | 2,800,734 | |
| Occidental Petroleum | | | 36,808 | | | | 1,844,449 | |
| ONEOK | | | 34,115 | | | | 3,305,061 | |
| Phillips 66 | | | 24,973 | | | | 3,042,211 | |
| Schlumberger | | | 84,725 | | | | 3,394,931 | |
| Targa Resources | | | 13,319 | | | | 2,223,740 | |
| Valero Energy | | | 18,277 | | | | 2,371,624 | |
| Williams | | | 71,749 | | | | 3,757,495 | |
| | | | | | | | 93,734,674 | |
The accompanying notes are an integral part of the financial statements.
4
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — 13.4% | | | | | | | | |
| Aflac | | | 30,316 | | | $ | 3,176,814 | |
| Allstate | | | 15,403 | | | | 2,872,968 | |
| American Express | | | 32,882 | | | | 8,880,771 | |
| American International Group | | | 39,027 | | | | 2,961,369 | |
| Ameriprise Financial | | | 5,600 | | | | 2,857,680 | |
| Aon PLC, Cl A | | | 12,271 | | | | 4,501,862 | |
| Arch Capital Group * | | | 21,421 | | | | 2,111,254 | |
| Arthur J Gallagher | | | 12,303 | | | | 3,459,604 | |
| Assurant | | | 3,076 | | | | 589,669 | |
| Bank of America | | | 388,549 | | | | 16,249,119 | |
| Bank of New York Mellon | | | 42,496 | | | | 3,202,499 | |
| Berkshire Hathaway, Cl B * | | | 105,913 | | | | 47,758,290 | |
| BlackRock Funding | | | 8,171 | | | | 8,015,996 | |
| Blackstone | | | 41,078 | | | | 6,890,834 | |
| Brown & Brown | | | 12,644 | | | | 1,323,068 | |
| Capital One Financial | | | 22,531 | | | | 3,667,821 | |
| Cboe Global Markets | | | 5,759 | | | | 1,229,950 | |
| Charles Schwab | | | 84,979 | | | | 6,019,063 | |
| Chubb | | | 21,957 | | | | 6,201,535 | |
| Cincinnati Financial | | | 8,647 | | | | 1,217,757 | |
| Citigroup | | | 111,393 | | | | 7,148,089 | |
| Citizens Financial Group | | | 24,415 | | | | 1,028,360 | |
| CME Group, Cl A | | | 21,439 | | | | 4,831,493 | |
| Corpay * | | | 3,807 | | | | 1,255,244 | |
| Discover Financial Services | | | 14,265 | | | | 2,117,354 | |
| Erie Indemnity, Cl A | | | 1,338 | | | | 600,548 | |
| Everest Group | | | 2,557 | | | | 909,295 | |
| FactSet Research Systems | | | 2,108 | | | | 957,158 | |
| Fidelity National Information Services | | | 32,556 | | | | 2,921,250 | |
| Fifth Third Bancorp | | | 41,930 | | | | 1,831,502 | |
| Fiserv * | | | 33,565 | | | | 6,642,513 | |
| Franklin Resources | | | 15,848 | | | | 329,163 | |
| Global Payments | | | 14,678 | | | | 1,522,255 | |
| Globe Life | | | 5,500 | | | | 580,800 | |
| Goldman Sachs Group | | | 18,471 | | | | 9,564,099 | |
| Hartford Financial Services Group | | | 16,966 | | | | 1,873,725 | |
| Huntington Bancshares | | | 80,006 | | | | 1,247,294 | |
| Intercontinental Exchange | | | 32,587 | | | | 5,079,336 | |
| Invesco | | | 19,967 | | | | 346,228 | |
The accompanying notes are an integral part of the financial statements.
5
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| Jack Henry & Associates | | | 4,523 | | | $ | 822,869 | |
| JPMorgan Chase | | | 164,384 | | | | 36,480,097 | |
| KeyCorp | | | 60,274 | | | | 1,039,726 | |
| KKR | | | 39,480 | | | | 5,457,715 | |
| Loews | | | 9,776 | | | | 771,913 | |
| M&T Bank | | | 10,374 | | | | 2,019,610 | |
| MarketAxess Holdings | | | 1,796 | | | | 519,798 | |
| Marsh & McLennan | | | 28,734 | | | | 6,270,908 | |
| Mastercard, Cl A | | | 47,594 | | | | 23,777,486 | |
| MetLife | | | 35,109 | | | | 2,753,248 | |
| Moody’s | | | 8,843 | | | | 4,015,076 | |
| Morgan Stanley | | | 72,806 | | | | 8,463,698 | |
| MSCI, Cl A | | | 4,516 | | | | 2,579,539 | |
| Nasdaq | | | 24,025 | | | | 1,775,928 | |
| Northern Trust | | | 10,956 | | | | 1,101,297 | |
| PayPal Holdings * | | | 57,829 | | | | 4,585,840 | |
| PNC Financial Services Group | | | 23,501 | | | | 4,424,533 | |
| Principal Financial Group | | | 11,997 | | | | 988,553 | |
| Progressive | | | 34,318 | | | | 8,333,440 | |
| Prudential Financial | | | 21,097 | | | | 2,583,961 | |
| Raymond James Financial | | | 11,271 | | | | 1,670,588 | |
| Regions Financial | | | 48,238 | | | | 1,151,441 | |
| S&P Global | | | 18,745 | | | | 9,004,348 | |
| State Street | | | 16,633 | | | | 1,543,542 | |
| Synchrony Financial | | | 23,425 | | | | 1,291,655 | |
| T Rowe Price Group | | | 11,911 | | | | 1,308,542 | |
| Travelers | | | 13,116 | | | | 3,225,749 | |
| Truist Financial | | | 78,700 | | | | 3,388,035 | |
| US Bancorp | | | 92,301 | | | | 4,459,061 | |
| Visa, Cl A | | | 96,417 | | | | 27,946,467 | |
| W R Berkley | | | 15,560 | | | | 889,565 | |
| Wells Fargo | | | 195,492 | | | | 12,691,341 | |
| Willis Towers Watson PLC | | | 5,689 | | | | 1,719,159 | |
| | | | | | | | 373,028,357 | |
| Health Care — 11.2% | | | | | | | | |
| Abbott Laboratories | | | 99,880 | | | | 11,323,396 | |
| AbbVie | | | 101,764 | | | | 20,746,627 | |
| Agilent Technologies | | | 16,090 | | | | 2,096,688 | |
The accompanying notes are an integral part of the financial statements.
6
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| Align Technology * | | | 4,119 | | | $ | 844,519 | |
| Amgen | | | 31,481 | | | | 10,078,957 | |
| Baxter International | | | 29,637 | | | | 1,058,041 | |
| Becton Dickinson | | | 16,987 | | | | 3,967,993 | |
| Biogen * | | | 8,553 | | | | 1,488,222 | |
| Bio-Techne | | | 9,810 | | | | 723,487 | |
| Boston Scientific * | | | 84,054 | | | | 7,062,217 | |
| Bristol-Myers Squibb | | | 115,344 | | | | 6,432,735 | |
| Cardinal Health | | | 13,662 | | | | 1,482,600 | |
| Catalent * | | | 11,003 | | | | 644,776 | |
| Cencora | | | 9,631 | | | | 2,196,638 | |
| Centene * | | | 29,916 | | | | 1,862,570 | |
| Charles River Laboratories International * | | | 3,592 | | | | 641,459 | |
| Cigna Group | | | 15,869 | | | | 4,995,720 | |
| Cooper * | | | 11,050 | | | | 1,156,714 | |
| CVS Health | | | 75,109 | | | | 4,240,654 | |
| Danaher | | | 37,649 | | | | 9,248,853 | |
| DaVita * | | | 2,254 | | | | 315,132 | |
| Dexcom * | | | 25,003 | | | | 1,762,211 | |
| Edwards Lifesciences * | | | 34,363 | | | | 2,302,665 | |
| Elevance Health | | | 13,556 | | | | 5,500,483 | |
| Eli Lilly | | | 45,592 | | | | 37,829,506 | |
| GE HealthCare Technologies | | | 25,216 | | | | 2,202,618 | |
| Gilead Sciences | | | 70,837 | | | | 6,291,742 | |
| HCA Healthcare | | | 10,725 | | | | 3,847,486 | |
| Henry Schein * | | | 7,711 | | | | 541,544 | |
| Hologic * | | | 14,046 | | | | 1,135,900 | |
| Humana | | | 7,088 | | | | 1,827,499 | |
| IDEXX Laboratories * | | | 4,733 | | | | 1,925,952 | |
| Incyte * | | | 11,213 | | | | 831,108 | |
| Insulet * | | | 3,697 | | | | 855,966 | |
| Intuitive Surgical * | | | 20,813 | | | | 10,486,422 | |
| IQVIA Holdings * | | | 10,412 | | | | 2,142,998 | |
| Johnson & Johnson | | | 138,817 | | | | 22,191,286 | |
| Labcorp Holdings | | | 5,324 | | | | 1,215,309 | |
| McKesson | | | 7,291 | | | | 3,649,802 | |
| Medtronic PLC | | | 74,911 | | | | 6,685,807 | |
| Merck | | | 145,854 | | | | 14,923,781 | |
| Mettler-Toledo International * | | | 1,307 | | | | 1,688,317 | |
The accompanying notes are an integral part of the financial statements.
7
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| Moderna * | | | 19,551 | | | $ | 1,062,792 | |
| Molina Healthcare * | | | 3,369 | | | | 1,082,190 | |
| Pfizer | | | 332,264 | | | | 9,403,071 | |
| Quest Diagnostics | | | 5,689 | | | | 880,828 | |
| Regeneron Pharmaceuticals * | | | 6,035 | | | | 5,058,537 | |
| ResMed | | | 9,041 | | | | 2,192,171 | |
| Revvity | | | 8,279 | | | | 981,807 | |
| Solventum * | | | 8,663 | | | | 628,761 | |
| STERIS PLC | | | 5,929 | | | | 1,315,349 | |
| Stryker | | | 19,562 | | | | 6,969,549 | |
| Teleflex | | | 3,243 | | | | 652,038 | |
| Thermo Fisher Scientific | | | 21,950 | | | | 11,991,724 | |
| UnitedHealth Group | | | 53,315 | | | | 30,096,317 | |
| Universal Health Services, Cl B | | | 3,617 | | | | 738,989 | |
| Vertex Pharmaceuticals * | | | 15,113 | | | | 7,193,486 | |
| Viatris | | | 77,313 | | | | 896,831 | |
| Waters * | | | 3,728 | | | | 1,204,554 | |
| West Pharmaceutical Services | | | 4,030 | | | | 1,240,958 | |
| Zimmer Biomet Holdings | | | 12,876 | | | | 1,376,702 | |
| Zoetis, Cl A | | | 25,664 | | | | 4,588,210 | |
| | | | | | | | 312,001,264 | |
| Industrials — 8.6% | | | | | | | | |
| 3M | | | 31,819 | | | | 4,087,787 | |
| A O Smith | | | 7,913 | | | | 594,266 | |
| Allegion PLC | | | 5,643 | | | | 787,932 | |
| Amentum Holdings * | | | 8,304 | | | | 246,961 | |
| AMETEK | | | 13,542 | | | | 2,482,790 | |
| Automatic Data Processing | | | 23,748 | | | | 6,868,872 | |
| Axon Enterprise * | | | 4,485 | | | | 1,899,398 | |
| Boeing * | | | 42,268 | | | | 6,311,035 | |
| Broadridge Financial Solutions | | | 6,762 | | | | 1,425,835 | |
| Builders FirstSource * | | | 6,454 | | | | 1,106,216 | |
| Carrier Global | | | 49,273 | | | | 3,583,133 | |
| Caterpillar | | | 27,812 | | | | 10,462,874 | |
| CH Robinson Worldwide | | | 6,166 | | | | 635,345 | |
| Cintas | | | 20,156 | | | | 4,148,306 | |
| Copart * | | | 51,353 | | | | 2,643,139 | |
| CSX | | | 115,975 | | | | 3,901,399 | |
The accompanying notes are an integral part of the financial statements.
8
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| Cummins | | | 7,932 | | | $ | 2,609,469 | |
| Dayforce * | | | 9,831 | | | | 697,509 | |
| Deere | | | 14,976 | | | | 6,060,637 | |
| Delta Air Lines | | | 37,301 | | | | 2,134,363 | |
| Dover | | | 7,698 | | | | 1,457,462 | |
| Eaton PLC | | | 23,346 | | | | 7,741,067 | |
| Emerson Electric | | | 33,953 | | | | 3,676,091 | |
| Equifax | | | 6,766 | | | | 1,793,125 | |
| Expeditors International of Washington | | | 9,316 | | | | 1,108,604 | |
| Fastenal | | | 33,423 | | | | 2,613,010 | |
| FedEx | | | 13,382 | | | | 3,664,661 | |
| Fortive | | | 21,615 | | | | 1,543,959 | |
| GE Vernova * | | | 16,276 | | | | 4,909,818 | |
| Generac Holdings * | | | 4,123 | | | | 682,563 | |
| General Dynamics | | | 15,003 | | | | 4,375,025 | |
| General Electric | | | 62,248 | | | | 10,692,961 | |
| Honeywell International | | | 38,042 | | | | 7,824,479 | |
| Howmet Aerospace | | | 22,566 | | | | 2,250,282 | |
| Hubbell, Cl B | | | 3,083 | | | | 1,316,534 | |
| Huntington Ingalls Industries | | | 2,522 | | | | 466,469 | |
| IDEX | | | 4,831 | | | | 1,036,926 | |
| Illinois Tool Works | | | 15,221 | | | | 3,974,660 | |
| Ingersoll Rand | | | 23,383 | | | | 2,244,768 | |
| Jacobs Solutions | | | 8,173 | | | | 1,148,960 | |
| JB Hunt Transport Services | | | 5,354 | | | | 967,040 | |
| Johnson Controls International | | | 39,556 | | | | 2,988,456 | |
| L3Harris Technologies | | | 10,845 | | | | 2,683,812 | |
| Leidos Holdings | | | 7,435 | | | | 1,361,795 | |
| Lockheed Martin | | | 12,375 | | | | 6,757,369 | |
| Masco | | | 14,239 | | | | 1,137,839 | |
| Nordson | | | 3,113 | | | | 771,682 | |
| Norfolk Southern | | | 13,020 | | | | 3,260,599 | |
| Northrop Grumman | | | 7,752 | | | | 3,945,923 | |
| Old Dominion Freight Line | | | 10,356 | | | | 2,084,870 | |
| Otis Worldwide | | | 23,597 | | | | 2,317,225 | |
| PACCAR | | | 30,655 | | | | 3,196,703 | |
| Parker-Hannifin | | | 7,668 | | | | 4,862,049 | |
| Paychex | | | 18,678 | | | | 2,602,406 | |
| Paycom Software | | | 2,428 | | | | 507,525 | |
The accompanying notes are an integral part of the financial statements.
9
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| Pentair PLC | | | 10,651 | | | $ | 1,055,727 | |
| Quanta Services | | | 8,669 | | | | 2,614,830 | |
| Republic Services, Cl A | | | 11,894 | | | | 2,355,012 | |
| Rockwell Automation | | | 6,586 | | | | 1,756,552 | |
| Rollins | | | 15,277 | | | | 720,158 | |
| RTX | | | 77,893 | | | | 9,424,274 | |
| Snap-On | | | 2,871 | | | | 947,803 | |
| Southwest Airlines | | | 39,361 | | | | 1,203,659 | |
| Stanley Black & Decker | | | 8,342 | | | | 775,305 | |
| Textron | | | 9,591 | | | | 771,308 | |
| Trane Technologies PLC | | | 12,794 | | | | 4,735,827 | |
| TransDigm Group | | | 3,171 | | | | 4,129,593 | |
| Uber Technologies * | | | 123,129 | | | | 8,871,444 | |
| Union Pacific | | | 35,717 | | | | 8,288,844 | |
| United Airlines Holdings * | | | 17,773 | | | | 1,390,915 | |
| United Parcel Service, Cl B | | | 41,614 | | | | 5,578,773 | |
| United Rentals | | | 3,750 | | | | 3,048,000 | |
| Veralto | | | 14,207 | | | | 1,451,813 | |
| Verisk Analytics, Cl A | | | 8,430 | | | | 2,315,890 | |
| Waste Management | | | 21,782 | | | | 4,701,645 | |
| Westinghouse Air Brake Technologies | | | 10,544 | | | | 1,982,061 | |
| WW Grainger | | | 2,700 | | | | 2,994,921 | |
| Xylem | | | 13,224 | | | | 1,610,419 | |
| | | | | | | | 239,378,756 | |
| Information Technology — 31.2% | | | | | | | | |
| Adobe * | | | 25,466 | | | | 12,174,785 | |
| Advanced Micro Devices * | | | 93,066 | | | | 13,408,019 | |
| Akamai Technologies * | | | 9,856 | | | | 996,244 | |
| Amphenol, Cl A | | | 71,830 | | | | 4,814,047 | |
| Analog Devices | | | 29,010 | | | | 6,472,421 | |
| ANSYS * | | | 4,714 | | | | 1,510,413 | |
| Apple | | | 880,660 | | | | 198,949,901 | |
| Applied Materials | | | 48,548 | | | | 8,815,346 | |
| Arista Networks * | | | 15,188 | | | | 5,869,251 | |
| Autodesk * | | | 12,405 | | | | 3,520,539 | |
| Broadcom | | | 269,133 | | | | 45,690,709 | |
| Cadence Design Systems * | | | 16,362 | | | | 4,517,875 | |
| CDW | | | 7,854 | | | | 1,478,358 | |
The accompanying notes are an integral part of the financial statements.
10
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Information Technology — continued | | | | | | | | |
| Cisco Systems | | | 231,477 | | | $ | 12,677,995 | |
| Cognizant Technology Solutions, Cl A | | | 29,039 | | | | 2,166,019 | |
| Corning | | | 43,556 | | | | 2,072,830 | |
| Crowdstrike Holdings, Cl A * | | | 13,757 | | | | 4,084,041 | |
| Dell Technologies, Cl C | | | 16,214 | | | | 2,004,537 | |
| Enphase Energy * | | | 8,685 | | | | 721,202 | |
| EPAM Systems * | | | 3,767 | | | | 710,645 | |
| F5 * | | | 3,456 | | | | 808,289 | |
| Fair Isaac * | | | 1,365 | | | | 2,720,595 | |
| First Solar * | | | 6,144 | | | | 1,194,885 | |
| Fortinet * | | | 36,358 | | | | 2,859,920 | |
| Gartner * | | | 4,318 | | | | 2,169,795 | |
| Gen Digital | | | 29,872 | | | | 869,574 | |
| GoDaddy, Cl A * | | | 8,024 | | | | 1,338,403 | |
| Hewlett Packard Enterprise | | | 69,796 | | | | 1,360,324 | |
| HP | | | 53,650 | | | | 1,905,648 | |
| Intel | | | 242,222 | | | | 5,212,617 | |
| International Business Machines | | | 52,891 | | | | 10,933,628 | |
| Intuit | | | 16,015 | | | | 9,773,955 | |
| Jabil | | | 5,948 | | | | 732,139 | |
| Juniper Networks | | | 19,946 | | | | 775,899 | |
| Keysight Technologies * | | | 9,693 | | | | 1,444,354 | |
| KLA | | | 7,859 | | | | 5,235,902 | |
| Lam Research | | | 76,167 | | | | 5,663,016 | |
| Microchip Technology | | | 29,604 | | | | 2,172,045 | |
| Micron Technology | | | 63,229 | | | | 6,300,770 | |
| Microsoft | | | 430,505 | | | | 174,935,707 | |
| Monolithic Power Systems | | | 2,701 | | | | 2,050,869 | |
| Motorola Solutions | | | 9,430 | | | | 4,237,371 | |
| NetApp | | | 12,346 | | | | 1,423,617 | |
| NVIDIA | | | 1,424,851 | | | | 189,163,219 | |
| ON Semiconductor * | | | 24,778 | | | | 1,746,601 | |
| Oracle | | | 91,981 | | | | 15,438,091 | |
| Palantir Technologies, Cl A * | | | 116,695 | | | | 4,849,844 | |
| Palo Alto Networks * | | | 18,460 | | | | 6,651,692 | |
| PTC * | | | 6,347 | | | | 1,176,290 | |
| Qorvo * | | | 6,229 | | | | 443,879 | |
| QUALCOMM | | | 65,342 | | | | 10,635,717 | |
| Roper Technologies | | | 6,175 | | | | 3,320,483 | |
The accompanying notes are an integral part of the financial statements.
11
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Information Technology — continued | | | | | | | | |
| Salesforce | | | 55,770 | | | $ | 16,249,705 | |
| Seagate Technology Holdings | | | 12,147 | | | | 1,219,194 | |
| ServiceNow * | | | 12,064 | | | | 11,255,591 | |
| Skyworks Solutions | | | 10,686 | | | | 935,880 | |
| Super Micro Computer * | | | 26,772 | | | | 779,333 | |
| Synopsys * | | | 8,654 | | | | 4,444,781 | |
| Teledyne Technologies * | | | 2,865 | | | | 1,304,492 | |
| Teradyne | | | 9,993 | | | | 1,061,357 | |
| Texas Instruments | | | 53,568 | | | | 10,882,875 | |
| Trimble * | | | 15,284 | | | | 924,682 | |
| Tyler Technologies * | | | 2,280 | | | | 1,380,745 | |
| VeriSign * | | | 5,194 | | | | 918,507 | |
| Western Digital * | | | 21,001 | | | | 1,371,575 | |
| Zebra Technologies, Cl A * | | | 3,008 | | | | 1,148,966 | |
| | | | | | | | 866,077,998 | |
| Materials — 2.2% | | | | | | | | |
| Air Products & Chemicals | | | 12,839 | | | | 3,986,895 | |
| Albemarle | | | 7,437 | | | | 704,507 | |
| Amcor PLC | | | 96,224 | | | | 1,070,973 | |
| Avery Dennison | | | 4,408 | | | | 912,588 | |
| Ball | | | 15,905 | | | | 942,371 | |
| Celanese, Cl A | | | 6,481 | | | | 816,412 | |
| CF Industries Holdings | | | 9,563 | | | | 786,365 | |
| Corteva | | | 40,694 | | | | 2,479,078 | |
| Dow | | | 41,126 | | | | 2,030,802 | |
| DuPont de Nemours | | | 24,166 | | | | 2,005,536 | |
| Eastman Chemical | | | 7,615 | | | | 800,260 | |
| Ecolab | | | 15,107 | | | | 3,712,243 | |
| FMC | | | 8,114 | | | | 527,329 | |
| Freeport-McMoRan | | | 85,626 | | | | 3,854,883 | |
| International Flavors & Fragrances | | | 14,908 | | | | 1,482,302 | |
| International Paper | | | 22,204 | | | | 1,233,210 | |
| Linde PLC | | | 27,625 | | | | 12,601,144 | |
| LyondellBasell Industries, Cl A | | | 15,270 | | | | 1,326,199 | |
| Martin Marietta Materials | | | 3,690 | | | | 2,185,735 | |
| Mosaic | | | 21,494 | | | | 575,179 | |
| Newmont | | | 67,934 | | | | 3,086,921 | |
| Nucor | | | 13,452 | | | | 1,908,032 | |
The accompanying notes are an integral part of the financial statements.
12
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Materials — continued | | | | | | | | |
| Packaging Corp of America | | | 4,873 | | | $ | 1,115,625 | |
| PPG Industries | | | 14,375 | | | | 1,789,831 | |
| Sherwin-Williams | | | 13,157 | | | | 4,720,337 | |
| Smurfit WestRock | | | 31,439 | | | | 1,619,109 | |
| Steel Dynamics | | | 7,485 | | | | 976,793 | |
| Vulcan Materials | | | 7,735 | | | | 2,118,849 | |
| | | | | | | | 61,369,508 | |
| Real Estate — 2.3% | | | | | | | | |
| Alexandria Real Estate Equities † | | | 8,534 | | | | 951,968 | |
| American Tower † | | | 26,563 | | | | 5,672,263 | |
| AvalonBay Communities † | | | 8,054 | | | | 1,784,847 | |
| BXP † | | | 7,561 | | | | 609,114 | |
| Camden Property Trust † | | | 5,548 | | | | 642,403 | |
| CBRE Group, Cl A * | | | 17,225 | | | | 2,255,958 | |
| CoStar Group * | | | 23,062 | | | | 1,678,683 | |
| Crown Castle † | | | 24,923 | | | | 2,678,973 | |
| Digital Realty Trust † | | | 17,617 | | | | 3,139,878 | |
| Equinix † | | | 5,577 | | | | 5,064,362 | |
| Equity Residential † | | | 19,046 | | | | 1,340,267 | |
| Essex Property Trust † | | | 4,076 | | | | 1,157,013 | |
| Extra Space Storage † | | | 12,253 | | | | 2,000,915 | |
| Federal Realty Investment Trust † | | | 3,993 | | | | 442,584 | |
| Healthpeak Properties † | | | 44,250 | | | | 993,412 | |
| Host Hotels & Resorts † | | | 38,293 | | | | 660,171 | |
| Invitation Homes † | | | 34,412 | | | | 1,080,881 | |
| Iron Mountain † | | | 16,534 | | | | 2,045,752 | |
| Kimco Realty † | | | 39,875 | | | | 945,835 | |
| Mid-America Apartment Communities † | | | 7,312 | | | | 1,106,598 | |
| ProLogis † | | | 52,724 | | | | 5,954,649 | |
| Public Storage † | | | 9,440 | | | | 3,106,326 | |
| Realty Income † | | | 48,702 | | | | 2,891,438 | |
| Regency Centers † | | | 8,806 | | | | 629,101 | |
| SBA Communications, Cl A † | | | 6,063 | | | | 1,391,277 | |
| Simon Property Group † | | | 17,561 | | | | 2,969,916 | |
| UDR † | | | 19,098 | | | | 805,745 | |
| Ventas † | | | 22,988 | | | | 1,505,484 | |
| VICI Properties, Cl A † | | | 57,229 | | | | 1,817,593 | |
| Welltower † | | | 33,543 | | | | 4,524,280 | |
The accompanying notes are an integral part of the financial statements.
13
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Real Estate — continued | | | | | | | | |
| Weyerhaeuser † | | | 38,685 | | | $ | 1,205,425 | |
| | | | | | | | 63,053,111 | |
| Utilities — 2.5% | | | | | | | | |
| AES | | | 40,835 | | | | 673,369 | |
| Alliant Energy | | | 15,558 | | | | 933,480 | |
| Ameren | | | 14,177 | | | | 1,234,959 | |
| American Electric Power | | | 30,605 | | | | 3,022,244 | |
| American Water Works | | | 10,892 | | | | 1,504,294 | |
| Atmos Energy | | | 8,556 | | | | 1,187,402 | |
| CenterPoint Energy | | | 40,842 | | | | 1,206,064 | |
| CMS Energy | | | 19,007 | | | | 1,323,077 | |
| Consolidated Edison | | | 19,645 | | | | 1,997,504 | |
| Constellation Energy | | | 18,627 | | | | 4,898,156 | |
| Dominion Energy | | | 49,229 | | | | 2,930,602 | |
| DTE Energy | | | 11,728 | | | | 1,456,852 | |
| Duke Energy | | | 43,791 | | | | 5,047,789 | |
| Edison International | | | 21,876 | | | | 1,802,582 | |
| Entergy | | | 12,114 | | | | 1,875,005 | |
| Evergy | | | 12,385 | | | | 748,549 | |
| Eversource Energy | | | 20,333 | | | | 1,338,928 | |
| Exelon | | | 58,114 | | | | 2,283,880 | |
| FirstEnergy | | | 27,091 | | | | 1,133,217 | |
| NextEra Energy | | | 120,465 | | | | 9,546,851 | |
| NiSource | | | 26,326 | | | | 925,622 | |
| NRG Energy | | | 11,180 | | | | 1,010,672 | |
| PG&E | | | 124,667 | | | | 2,520,767 | |
| Pinnacle West Capital | | | 6,443 | | | | 565,760 | |
| PPL | | | 41,691 | | | | 1,357,459 | |
| Public Service Enterprise Group | | | 28,698 | | | | 2,565,888 | |
| Sempra | | | 37,073 | | | | 3,090,776 | |
| Southern | | | 62,144 | | | | 5,656,968 | |
| Vistra | | | 19,045 | | | | 2,379,863 | |
| WEC Energy Group | | | 17,747 | | | | 1,695,371 | |
The accompanying notes are an integral part of the financial statements.
14
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Utilities — continued | | | | | | | | |
| Xcel Energy | | | 32,074 | | | $ | 2,142,864 | |
| | | | | | | | 70,056,814 | |
| TOTAL UNITED STATES | | | | | | | 2,775,234,024 | |
TOTAL COMMON STOCK
(Cost $1,948,717,545) | | | | | | | 2,793,784,250 | |
TOTAL INVESTMENTS — 100.6%
(Cost $1,948,717,545) | | | | | | $ | 2,793,784,250 | |
| | | | | | | | | |
WRITTEN OPTIONS— (0.6)%
(Premiums Received $(52,607,064)) | | | | | | $ | (15,685,270 | ) |
Percentages are based on Net Assets of $2,778,298,455.
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 | |
| WRITTEN OPTIONS — (0.6)% | | | | | | | | | | | | | | | | | | |
| Call Options | | | | | | | | | | | | | | | | | | |
| S&P 500 Index | | | (4,894 | ) | | $ | (2,792,247,230 | ) | | $ | 5,855 | | | 11/15/24 | | $ | (15,685,270 | ) |
| * | 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 $2,793,784,250. |
The accompanying notes are an integral part of the financial statements.
15
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call 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 | | $ | 2,793,784,250 | | | $ | — | | | $ | — | | | $ | 2,793,784,250 | |
| Total Investments in Securities | | $ | 2,793,784,250 | | | $ | — | | | $ | — | | | $ | 2,793,784,250 | |
| | | | | | | | | | | | | | | | | |
| Other Financial Instruments | | | Level 1 | | | | Level 2 | | | | Level 3 | | | | Total | |
| Written Options | | $ | (15,685,270 | ) | | $ | — | | | $ | — | | | $ | (15,685,270 | ) |
| Total Other Financial Instruments | | $ | (15,685,270 | ) | | $ | — | | | $ | — | | | $ | (15,685,270 | ) |
See “Glossary” for abbreviations.
The accompanying notes are an integral part of the financial statements.
16
| Schedule of Investments | October 31, 2024 |
| Global X NASDAQ 100® Covered Call ETF |
| | | Shares | | | Value |
| COMMON STOCK(A) — 101.1% | | | | | | | | |
| BRAZIL — 0.7% | | | | | | | | |
| Consumer Discretionary — 0.7% | | | | | | | | |
| MercadoLibre * | | | 27,674 | | | $ | 56,376,919 | |
| | | | | | | | | |
| CHINA — 0.9% | | | | | | | | |
| Consumer Discretionary — 0.5% | | | | | | | | |
| PDD Holdings ADR * | | | 363,838 | | | | 43,875,225 | |
| | | | | | | | | |
| Information Technology — 0.4% | | | | | | | | |
| NXP Semiconductors | | | 138,752 | | | | 32,537,344 | |
| | | | | | | | | |
| TOTAL CHINA | | | | | | | 76,412,569 | |
| TAIWAN — 0.4% | | | | | | | | |
| Information Technology — 0.4% | | | | | | | | |
| ASML Holding | | | 51,322 | | | | 34,516,611 | |
| | | | | | | | | |
| UNITED KINGDOM — 0.6% | | | | | | | | |
| Consumer Staples — 0.2% | | | | | | | | |
| Coca-Cola Europacific Partners | | | 245,190 | | | | 18,634,440 | |
| | | | | | | | | |
| Health Care — 0.3% | | | | | | | | |
| AstraZeneca ADR | | | 317,199 | | | | 22,568,709 | |
| | | | | | | | | |
| Information Technology — 0.1% | | | | | | | | |
| ARM Holdings ADR * | | | 66,154 | | | | 9,347,560 | |
| | | | | | | | | |
| TOTAL UNITED KINGDOM | | | | | | | 50,550,709 | |
| UNITED STATES — 98.5% | | | | | | | | |
| Communication Services — 16.6% | | | | | | | | |
| Alphabet, Cl A | | | 1,235,639 | | | | 211,430,189 | |
| Alphabet, Cl C | | | 1,177,892 | | | | 203,410,170 | |
| Charter Communications, Cl A * | | | 77,798 | | | | 25,487,403 | |
| Comcast, Cl A | | | 2,104,416 | | | | 91,899,847 | |
| Electronic Arts | | | 143,892 | | | | 21,706,108 | |
| Meta Platforms, Cl A | | | 733,002 | | | | 416,037,275 | |
| Netflix * | | | 233,757 | | | | 176,727,305 | |
| Take-Two Interactive Software * | | | 93,234 | | | | 15,077,802 | |
| T-Mobile US | | | 635,581 | | | | 141,836,256 | |
The accompanying notes are an integral part of the financial statements.
17
| Schedule of Investments | October 31, 2024 |
| Global X NASDAQ 100® Covered Call ETF |
| | | Shares | | | Value |
| COMMON STOCK — continued | | | | | | | | |
| Communication Services — continued | | | | | | | | |
| Trade Desk, Cl A * | | | 243,798 | | | $ | 29,306,958 | |
| Warner Bros Discovery * | | | 1,315,417 | | | | 10,694,340 | |
| | | | | | | | 1,343,613,653 | |
| Consumer Discretionary — 12.3% | | | | | | | | |
| Airbnb, Cl A * | | | 239,641 | | | | 32,301,210 | |
| Amazon.com * | | | 2,213,564 | | | | 412,608,330 | |
| Booking Holdings | | | 18,203 | | | | 85,121,779 | |
| DoorDash, Cl A * | | | 209,574 | | | | 32,840,246 | |
| Lululemon Athletica * | | | 62,965 | | | | 18,757,273 | |
| Marriott International, Cl A | | | 153,298 | | | | 39,860,546 | |
| O’Reilly Automotive * | | | 31,642 | | | | 36,487,656 | |
| Ross Stores | | | 181,708 | | | | 25,388,242 | |
| Starbucks | | | 617,346 | | | | 60,314,704 | |
| Tesla * | | | 1,019,913 | | | | 254,825,263 | |
| | | | | | | | 998,505,249 | |
| Consumer Staples — 5.8% | | | | | | | | |
| Costco Wholesale | | | 241,451 | | | | 211,071,635 | |
| Dollar Tree * | | | 113,094 | | | | 7,310,396 | |
| Keurig Dr Pepper | | | 738,660 | | | | 24,338,847 | |
| Kraft Heinz | | | 658,693 | | | | 22,039,868 | |
| Mondelez International, Cl A | | | 727,644 | | | | 49,829,061 | |
| Monster Beverage * | | | 533,623 | | | | 28,111,260 | |
| PepsiCo | | | 748,301 | | | | 124,277,830 | |
| | | | | | | | 466,978,897 | |
| Energy — 0.6% | | | | | | | | |
| Baker Hughes, Cl A | | | 541,159 | | | | 20,607,335 | |
| Diamondback Energy | | | 160,623 | | | | 28,393,327 | |
| | | | | | | | 49,000,662 | |
| Financials — 0.5% | | | | | | | | |
| PayPal Holdings * | | | 556,856 | | | | 44,158,681 | |
| | | | | | | | | |
| Health Care — 5.7% | | | | | | | | |
| Amgen | | | 292,633 | | | | 93,689,381 | |
| Biogen * | | | 77,247 | | | | 13,440,978 | |
| Dexcom * | | | 213,189 | | | | 15,025,561 | |
The accompanying notes are an integral part of the financial statements.
18
| Schedule of Investments | October 31, 2024 |
| Global X NASDAQ 100® Covered Call ETF |
| | | Shares | | | Value |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| GE HealthCare Technologies | | | 248,834 | | | $ | 21,735,650 | |
| Gilead Sciences | | | 678,193 | | | | 60,237,102 | |
| IDEXX Laboratories * | | | 44,836 | | | | 18,244,665 | |
| Illumina * | | | 84,282 | | | | 12,148,408 | |
| Intuitive Surgical * | | | 193,533 | | | | 97,509,667 | |
| Moderna * | | | 206,953 | | | | 11,249,965 | |
| Regeneron Pharmaceuticals * | | | 59,014 | | | | 49,465,535 | |
| Vertex Pharmaceuticals * | | | 140,582 | | | | 66,914,220 | |
| | | | | | | | 459,661,132 | |
| Industrials — 4.6% | | | | | | | | |
| Automatic Data Processing | | | 222,154 | | | | 64,255,823 | |
| Cintas | | | 219,591 | | | | 45,194,024 | |
| Copart * | | | 524,258 | | | | 26,983,559 | |
| CSX | | | 1,056,050 | | | | 35,525,522 | |
| Fastenal | | | 311,956 | | | | 24,388,720 | |
| Honeywell International | | | 353,925 | | | | 72,795,294 | |
| Old Dominion Freight Line | | | 116,797 | | | | 23,513,572 | |
| PACCAR | | | 285,516 | | | | 29,773,608 | |
| Paychex | | | 195,915 | | | | 27,296,837 | |
| Verisk Analytics, Cl A | | | 77,625 | | | | 21,325,140 | |
| | | | | | | | 371,052,099 | |
| Information Technology — 49.3% | | | | | | | | |
| Adobe * | | | 241,486 | | | | 115,449,627 | |
| Advanced Micro Devices * | | | 881,720 | | | | 127,029,400 | |
| Analog Devices | | | 270,461 | | | | 60,342,554 | |
| ANSYS * | | | 47,595 | | | | 15,249,914 | |
| Apple | | | 3,206,626 | | | | 724,408,880 | |
| Applied Materials | | | 449,093 | | | | 81,546,307 | |
| Atlassian, Cl A * | | | 85,950 | | | | 16,205,013 | |
| Autodesk * | | | 117,455 | | | | 33,333,729 | |
| Broadcom | | | 2,524,449 | | | | 428,575,707 | |
| Cadence Design Systems * | | | 149,116 | | | | 41,173,910 | |
| CDW | | | 72,821 | | | | 13,707,097 | |
| Cisco Systems | | | 2,194,710 | | | | 120,204,267 | |
| Cognizant Technology Solutions, Cl A | | | 270,007 | | | | 20,139,822 | |
| Crowdstrike Holdings, Cl A * | | | 126,798 | | | | 37,642,522 | |
| Datadog, Cl A * | | | 169,510 | | | | 21,263,334 | |
The accompanying notes are an integral part of the financial statements.
19
| Schedule of Investments | October 31, 2024 |
| Global X NASDAQ 100® Covered Call ETF |
| | | Shares | | | Value |
| COMMON STOCK — continued | | | | | | | | |
| Information Technology — continued | | | | | | | | |
| Fortinet * | | | 416,642 | | | $ | 32,773,060 | |
| GLOBALFOUNDRIES * | | | 297,044 | | | | 10,842,106 | |
| Intel | | | 2,329,364 | | | | 50,127,913 | |
| Intuit | | | 152,225 | | | | 92,902,917 | |
| KLA | | | 73,282 | | | | 48,822,667 | |
| Lam Research | | | 707,534 | | | | 52,605,153 | |
| Marvell Technology | | | 471,787 | | | | 37,794,856 | |
| Microchip Technology | | | 292,186 | | | | 21,437,687 | |
| Micron Technology | | | 603,974 | | | | 60,186,009 | |
| Microsoft | | | 1,567,706 | | | | 637,037,333 | |
| MongoDB, Cl A * | | | 39,405 | | | | 10,655,112 | |
| NVIDIA | | | 5,173,562 | | | | 686,842,091 | |
| ON Semiconductor * | | | 227,533 | | | | 16,038,801 | |
| Palo Alto Networks * | | | 176,400 | | | | 63,562,212 | |
| QUALCOMM | | | 606,775 | | | | 98,764,767 | |
| Roper Technologies | | | 58,352 | | | | 31,377,621 | |
| Super Micro Computer * | | | 318,971 | | | | 9,285,246 | |
| Synopsys * | | | 83,701 | | | | 42,989,671 | |
| Texas Instruments | | | 497,369 | | | | 101,045,486 | |
| Workday, Cl A * | | | 116,093 | | | | 27,148,348 | |
| Zscaler * | | | 80,604 | | | | 14,572,397 | |
| | | | | | | | 4,003,083,536 | |
| Materials — 1.5% | | | | | | | | |
| Linde PLC | | | 260,149 | | | | 118,666,966 | |
| | | | | | | | | |
| Real Estate — 0.2% | | | | | | | | |
| CoStar Group * | | | 218,572 | | | | 15,909,856 | |
| | | | | | | | | |
| Utilities — 1.4% | | | | | | | | |
| American Electric Power | | | 289,805 | | | | 28,618,244 | |
| Constellation Energy | | | 170,367 | | | | 44,799,706 | |
| Exelon | | | 545,000 | | | | 21,418,500 | |
The accompanying notes are an integral part of the financial statements.
20
| Schedule of Investments | October 31, 2024 |
| Global X NASDAQ 100® Covered Call ETF |
| | | Shares | | | Value |
| COMMON STOCK — continued | | | | | | | | |
| Utilities — continued | | | | | | | | |
| Xcel Energy | | | 297,376 | | | $ | 19,867,691 | |
| | | | | | | | 114,704,141 | |
| TOTAL UNITED STATES | | | | | | | 7,985,334,872 | |
TOTAL COMMON STOCK
(Cost $5,108,830,549) | | | | | | | 8,203,191,680 | |
TOTAL INVESTMENTS — 101.1%
(Cost $5,108,830,549) | | | | | | $ | 8,203,191,680 | |
| | | | | | | | | |
WRITTEN OPTIONS— (1.2)%
(Premiums Received $(199,000,638)) | | | | | | $ | (97,653,255 | ) |
Percentages are based on Net Assets of $8,110,940,920.
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 | |
| WRITTEN OPTIONS — (1.2)% | | | | | | | | | | | | | | | | | | | | | | |
| Call Options | | | | | | | | | | | | | | | | | | | | | | |
| Nasdaq-100 | | | (4,123 | ) | | | $ | (8,200,820,166 | ) | | | $ | 20,300 | | | | 11/15/24 | | | $ | (97,653,255 | ) |
| | |
| * | 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 $8,190,777,484. |
The accompanying notes are an integral part of the financial statements.
21
| Schedule of Investments | October 31, 2024 |
| Global X NASDAQ 100® Covered Call 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 | | $ | 8,203,191,680 | | | $ | — | | | $ | — | | | $ | 8,203,191,680 | |
| Total Investments in Securities | | $ | 8,203,191,680 | | | $ | — | | | $ | — | | | $ | 8,203,191,680 | |
| | | | | | | | | | | | | | | | | |
| Other Financial Instruments | | Level 1 | | Level 2 | | | Level 3 | | | Total |
| Written Options | | $ | (97,653,255 | ) | | $ | — | | | $ | — | | | $ | (97,653,255 | ) |
| Total Other Financial Instruments | | $ | (97,653,255 | ) | | $ | — | | | $ | — | | | $ | (97,653,255 | ) |
See “Glossary” for abbreviations.
The accompanying notes are an integral part of the financial statements.
22
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 Covered Call ETF |
| | | Shares | | | Value |
| EXCHANGE TRADED FUND — 101.1% | | | | | | | | |
| Global X Russell 2000 ETF (A)(B)(C) | | | 16,579,541 | | | $ | 1,424,845,753 | |
TOTAL EXCHANGE TRADED FUND
(Cost $1,311,631,398) | | | | | | | 1,424,845,753 | |
| | | | | | | | | |
| | | Number of
Rights | | | | | |
| RIGHTS — 0.0% | | | | | | | | |
| United States — 0.0% | | | | | | | | |
| Cartesian Therapeutics CVR# *(D) | | | 1 | | | | — | |
| CinCor Pharma CVR# *(D) | | | 15,984 | | | | 48,911 | |
| Inhibrx CVR# *(D) | | | 15,798 | | | | 10,269 | |
| Novartis CVR# *(D) | | | 26,043 | | | | 10,157 | |
| OmniAb CVR# *(D) | | | 2,421 | | | | — | |
| OmniAb CVR# *(D) | | | 2,421 | | | | — | |
| | | | | | | | | |
TOTAL RIGHTS
(Cost $–) | | | | | | | 69,337 | |
TOTAL INVESTMENTS — 101.1%
(Cost $1,311,631,398) | | | | | | $ | 1,424,915,090 | |
| | | | | | | | | |
WRITTEN OPTIONS— (1.1)%
(Premiums Received $(41,001,922)) | | | | | | $ | (15,652,560 | ) |
Percentages are based on Net Assets of $1,409,648,364.
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 | |
| WRITTEN OPTIONS — (1.1)% | | | | | | | | | | | | | | | | | | |
| Call Options | | | | | | | | | | | | | | | | | | |
| Russell 2000 Index | | | (6,468 | ) | | $ | (1,420,794,514 | ) | | $ | 2,280 | | | 11/15/24 | | $ | (15,652,560 | ) |
| * | Non-income producing security. |
| # | Expiration date not available. |
| (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 $1,423,224,925. |
| (B) | For financial information on the Global X Russell 2000 ETF, please go to the Fund’s website at https://www.globalxetfs.com/explore/. |
| (C) | Affiliated investment. |
The accompanying notes are an integral part of the financial statements.
23
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 Covered Call ETF |
| (D) | Level 3 security in accordance with fair value hierarchy. |
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 |
| Exchange Traded Fund | | $ | 1,424,845,753 | | | $ | — | | | $ | — | | | $ | 1,424,845,753 | |
| Rights | | | — | | | | — | | | | 69,337 | | | | 69,337 | |
| Total Investments in Securities | | $ | 1,424,845,753 | | | $ | — | | | $ | 69,337 | | | $ | 1,424,915,090 | |
| | | | | | | | | | | | | | | | | |
| Other Financial Instruments | | | Level 1 | | | Level 2 | | | | Level 3 | | | | Total | |
| Written Options | | $ | (15,652,560 | ) | | $ | — | | | $ | — | | | $ | (15,652,560 | ) |
| Total Other Financial Instruments | | $ | (15,652,560 | ) | | $ | — | | | $ | — | | | $ | (15,652,560 | ) |
| | |
| (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
10/31/2023 | | | Purchases
at Cost | | | Proceeds
from Sales | | | Change in
Unrealized
Appreciation
(Depreciation) | | | Realized Gain
(Loss) | | | Value
10/31/2024 | | | Income | | | Capital Gains | |
| Global X Russell 2000 ETF | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | — | | | $ | 1,507,164,337 | | | $ | (207,495,165 | ) | | $ | 113,214,355 | | | $ | 11,962,226 | | | $ | 1,424,845,753 | | | $ | 5,766,857 | | | $ | — | |
| Vanguard Russell 2000 ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 485,418,321 | | | | 188,253,888 | | | | (770,588,540 | ) | | | 40,701,252 | | | | 56,215,079 | | | | — | | | | 3,067,464 | | | | — | |
| Totals: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 485,418,321 | | | $ | 1,695,418,225 | | | $ | (978,083,705 | ) | | $ | 153,915,607 | | | $ | 68,177,305 | | | $ | 1,424,845,753 | | | $ | 8,834,321 | | | $ | — | |
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 Nasdaq 100® Covered Call & Growth ETF |
| | | Shares | | | Value |
| COMMON STOCK — 100.6% | | | | | | | | |
| BRAZIL — 0.7% | | | | | | | | |
| Consumer Discretionary — 0.7% | | | | | | | | |
| MercadoLibre * | | | 350 | | | $ | 713,013 | |
| | | | | | | | | |
| CHINA — 1.0% | | | | | | | | |
| Consumer Discretionary — 0.6% | | | | | | | | |
| PDD Holdings ADR * | | | 4,706 | | | | 567,497 | |
| | | | | | | | | |
| Information Technology — 0.4% | | | | | | | | |
| NXP Semiconductors | | | 1,752 | | | | 410,844 | |
| | | | | | | | | |
| TOTAL CHINA | | | | | | | 978,341 | |
| TAIWAN — 0.4% | | | | | | | | |
| Information Technology — 0.4% | | | | | | | | |
| ASML Holding | | | 649 | | | | 436,485 | |
| | | | | | | | | |
| UNITED KINGDOM — 0.6% | | | | | | | | |
| Consumer Staples — 0.2% | | | | | | | | |
| Coca-Cola Europacific Partners | | | 3,149 | | | | 239,324 | |
| | | | | | | | | |
| Health Care — 0.3% | | | | | | | | |
| AstraZeneca ADR | | | 4,000 | | | | 284,600 | |
| | | | | | | | | |
| Information Technology — 0.1% | | | | | | | | |
| ARM Holdings ADR * | | | 855 | | | | 120,811 | |
| | | | | | | | | |
| TOTAL UNITED KINGDOM | | | | | | | 644,735 | |
| UNITED STATES — 97.9% | | | | | | | | |
| Communication Services — 16.5% | | | | | | | | |
| Alphabet, Cl A (A) | | | 15,829 | | | | 2,708,500 | |
| Alphabet, Cl C (A) | | | 15,091 | | | | 2,606,065 | |
| Charter Communications, Cl A * | | | 982 | | | | 321,713 | |
| Comcast, Cl A (A) | | | 27,055 | | | | 1,181,492 | |
| Electronic Arts | | | 1,816 | | | | 273,944 | |
| Meta Platforms, Cl A (A) | | | 9,377 | | | | 5,322,198 | |
| Netflix * | | | 2,996 | | | | 2,265,066 | |
| Take-Two Interactive Software * | | | 1,204 | | | | 194,711 | |
| T-Mobile US | | | 8,152 | | | | 1,819,200 | |
The accompanying notes are an integral part of the financial statements.
25
| Schedule of Investments | October 31, 2024 |
| Global X Nasdaq 100® Covered Call & Growth ETF |
| | | Shares | | | Value |
| COMMON STOCK — continued | | | | | | | | |
| Communication Services — continued | | | | | | | | |
| Trade Desk, Cl A * | | | 3,088 | | | $ | 371,208 | |
| Warner Bros Discovery * | | | 16,872 | | | | 137,169 | |
| | | | | | | | 17,201,266 | |
| Consumer Discretionary — 12.2% | | | | | | | | |
| Airbnb, Cl A * | | | 3,027 | | | | 408,009 | |
| Amazon.com *(A) | | | 28,313 | | | | 5,277,543 | |
| Booking Holdings (A) | | | 233 | | | | 1,089,566 | |
| DoorDash, Cl A * | | | 2,650 | | | | 415,255 | |
| Lululemon Athletica * | | | 810 | | | | 241,299 | |
| Marriott International, Cl A | | | 1,952 | | | | 507,559 | |
| O’Reilly Automotive * | | | 399 | | | | 460,103 | |
| Ross Stores | | | 2,296 | | | | 320,797 | |
| Starbucks | | | 7,961 | | | | 777,790 | |
| Tesla * | | | 13,061 | | | | 3,263,291 | |
| | | | | | | | 12,761,212 | |
| Consumer Staples — 5.7% | | | | | | | | |
| Costco Wholesale (A) | | | 3,092 | | | | 2,702,964 | |
| Dollar Tree * | | | 1,463 | | | | 94,568 | |
| Keurig Dr Pepper | | | 9,335 | | | | 307,588 | |
| Kraft Heinz | | | 8,319 | | | | 278,354 | |
| Mondelez International, Cl A | | | 9,397 | | | | 643,507 | |
| Monster Beverage * | | | 6,753 | | | | 355,748 | |
| PepsiCo | | | 9,599 | | | | 1,594,202 | |
| | | | | | | | 5,976,931 | |
| Energy — 0.6% | | | | | | | | |
| Baker Hughes, Cl A | | | 6,822 | | | | 259,782 | |
| Diamondback Energy | | | 2,030 | | | | 358,843 | |
| | | | | | | | 618,625 | |
| Financials — 0.5% | | | | | | | | |
| PayPal Holdings * | | | 7,058 | | | | 559,699 | |
| | | | | | | | | |
| Health Care — 5.7% | | | | | | | | |
| Amgen (A) | | | 3,761 | | | | 1,204,122 | |
| Biogen * | | | 1,003 | | | | 174,522 | |
| Dexcom * | | | 2,754 | | | | 194,102 | |
The accompanying notes are an integral part of the financial statements.
26
| Schedule of Investments | October 31, 2024 |
| Global X Nasdaq 100® Covered Call & Growth ETF |
| | | Shares | | | Value |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| GE HealthCare Technologies | | | 3,135 | | | $ | 273,842 | |
| Gilead Sciences | | | 8,601 | | | | 763,941 | |
| IDEXX Laboratories * | | | 566 | | | | 230,316 | |
| Illumina * | | | 1,093 | | | | 157,545 | |
| Intuitive Surgical * | | | 2,488 | | | | 1,253,554 | |
| Moderna * | | | 2,639 | | | | 143,456 | |
| Regeneron Pharmaceuticals * | | | 761 | | | | 637,870 | |
| Vertex Pharmaceuticals * | | | 1,810 | | | | 861,524 | |
| | | | | | | | 5,894,794 | |
| Industrials — 4.5% | | | | | | | | |
| Automatic Data Processing | | | 2,864 | | | | 828,383 | |
| Cintas | | | 2,785 | | | | 573,181 | |
| Copart * | | | 6,619 | | | | 340,680 | |
| CSX | | | 13,367 | | | | 449,666 | |
| Fastenal | | | 3,935 | | | | 307,638 | |
| Honeywell International (A) | | | 4,554 | | | | 936,667 | |
| Old Dominion Freight Line | | | 1,475 | | | | 296,947 | |
| PACCAR | | | 3,607 | | | | 376,138 | |
| Paychex | | | 2,474 | | | | 344,703 | |
| Verisk Analytics, Cl A | | | 978 | | | | 268,676 | |
| | | | | | | | 4,722,679 | |
| Information Technology — 49.1% | | | | | | | | |
| Adobe *(A) | | | 3,099 | | | | 1,481,570 | |
| Advanced Micro Devices *(A) | | | 11,308 | | | | 1,629,144 | |
| Analog Devices | | | 3,433 | | | | 765,937 | |
| ANSYS * | | | 599 | | | | 191,926 | |
| Apple (A) | | | 40,991 | | | | 9,260,277 | |
| Applied Materials (A) | | | 5,778 | | | | 1,049,169 | |
| Atlassian, Cl A * | | | 1,095 | | | | 206,451 | |
| Autodesk * | | | 1,484 | | | | 421,159 | |
| Broadcom (A) | | | 32,289 | | | | 5,481,704 | |
| Cadence Design Systems * | | | 1,892 | | | | 522,419 | |
| CDW | | | 916 | | | | 172,419 | |
| Cisco Systems (A) | | | 28,164 | | | | 1,542,542 | |
| Cognizant Technology Solutions, Cl A | | | 3,408 | | | | 254,203 | |
| Crowdstrike Holdings, Cl A * | | | 1,604 | | | | 476,179 | |
| Datadog, Cl A * | | | 2,143 | | | | 268,818 | |
The accompanying notes are an integral part of the financial statements.
27
| Schedule of Investments | October 31, 2024 |
| Global X Nasdaq 100® Covered Call & Growth ETF |
| | | | Shares | | | | Value |
| COMMON STOCK — continued | | | | | | | | |
| Information Technology — continued | | | | | | | | |
| Fortinet * | | | 5,276 | | | $ | 415,010 | |
| GLOBALFOUNDRIES * | | | 3,772 | | | | 137,678 | |
| Intel | | | 30,080 | | | | 647,322 | |
| Intuit | | | 1,957 | | | | 1,194,357 | |
| KLA | | | 928 | | | | 618,261 | |
| Lam Research | | | 9,140 | | | | 679,559 | |
| Marvell Technology | | | 5,966 | | | | 477,936 | |
| Microchip Technology | | | 3,684 | | | | 270,295 | |
| Micron Technology (A) | | | 7,784 | | | | 775,676 | |
| Microsoft (A) | | | 20,042 | | | | 8,144,067 | |
| MongoDB, Cl A * | | | 504 | | | | 136,282 | |
| NVIDIA | | | 66,138 | | | | 8,780,481 | |
| ON Semiconductor * | | | 2,940 | | | | 207,241 | |
| Palo Alto Networks * | | | 2,273 | | | | 819,030 | |
| QUALCOMM | | | 7,796 | | | | 1,268,955 | |
| Roper Technologies | | | 739 | | | | 397,382 | |
| Super Micro Computer * | | | 4,026 | | | | 117,197 | |
| Synopsys * | | | 1,059 | | | | 543,913 | |
| Texas Instruments | | | 6,389 | | | | 1,297,989 | |
| Workday, Cl A * | | | 1,470 | | | | 343,759 | |
| Zscaler * | | | 1,031 | | | | 186,394 | |
| | | | | | | | 51,182,701 | |
| Materials — 1.5% | | | | | | | | |
| Linde PLC (A) | | | 3,337 | | | | 1,522,173 | |
| | | | | | | | | |
| Real Estate — 0.2% | | | | | | | | |
| CoStar Group * | | | 2,816 | | | | 204,977 | |
| | | | | | | | | |
| Utilities — 1.4% | | | | | | | | |
| American Electric Power | | | 3,668 | | | | 362,215 | |
| Constellation Energy | | | 2,204 | | | | 579,564 | |
| Exelon | | | 6,875 | | | | 270,187 | |
The accompanying notes are an integral part of the financial statements.
28
| Schedule of Investments | October 31, 2024 |
| Global X Nasdaq 100® Covered Call & Growth ETF |
| | | Shares | | | Value |
| COMMON STOCK — continued | | | | | | | | |
| Utilities — continued | | | | | | | | |
| Xcel Energy | | | 3,839 | | | $ | 256,484 | |
| | | | | | | | 1,468,450 | |
| TOTAL UNITED STATES | | | | | | | 102,113,507 | |
TOTAL COMMON STOCK
(Cost $76,568,926) | | | | | | | 104,886,081 | |
TOTAL INVESTMENTS — 100.6%
(Cost $76,568,926) | | | | | | $ | 104,886,081 | |
| | | | | | | | | |
WRITTEN OPTIONS— (0.6)%
(Premiums Received $(1,257,022)) | | | | | | $ | (615,810 | ) |
Percentages are based on Net Assets of $104,271,160.
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 | |
| WRITTEN OPTIONS — (0.6)% | | | | | | | | | | | | | | | | | | |
| Call Options | | | | | | | | | | | | | | | | | | |
| Nasdaq-100 | | | (26 | ) | | $ | (51,715,092 | ) | | $ | 20,300 | | | 11/15/24 | | $ | (615,810 | ) |
| * | 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 $52,243,603. |
The accompanying notes are an integral part of the financial statements.
29
| Schedule of Investments | October 31, 2024 |
| Global X Nasdaq 100® Covered Call & Growth 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 | | $ | 104,886,081 | | | $ | — | | | $ | — | | | $ | 104,886,081 | |
| Total Investments in Securities | | $ | 104,886,081 | | | $ | — | | | $ | — | | | $ | 104,886,081 | |
| | | | | | | | | | | | | | | | | |
| Other Financial Instruments | | | Level 1 | | | Level 2 | | | | Level 3 | | | | Total |
| Written Options | | $ | (615,810 | ) | | $ | — | | | $ | — | | | $ | (615,810 | ) |
| Total Other Financial Instruments | | $ | (615,810 | ) | | $ | — | | | $ | — | | | $ | (615,810 | ) |
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.
30
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call & Growth ETF |
| | | Shares | | | Value | |
| COMMON STOCK — 100.3% | | | | | | | | |
| CHINA — 0.1% | | | | | | | | |
| Information Technology — 0.1% | | | | | | | | |
| NXP Semiconductors (A) | | | 324 | | | $ | 75,978 | |
| | | | | | | | | |
| IRELAND — 0.5% | | | | | | | | |
| Information Technology — 0.5% | | | | | | | | |
| Accenture PLC, Cl A (A) | | | 777 | | | | 267,925 | |
| | | | | | | | | |
| SWITZERLAND — 0.1% | | | | | | | | |
| Information Technology — 0.1% | | | | | | | | |
| TE Connectivity | | | 371 | | | | 54,693 | |
| | | | | | | | | |
| UNITED STATES — 99.6% | | | | | | | | |
| Communication Services — 9.2% | | | | | | | | |
| Alphabet, Cl A (A) | | | 7,202 | | | | 1,232,334 | |
| Alphabet, Cl C (A) | | | 5,900 | | | | 1,018,871 | |
| AT&T (A) | | | 8,966 | | | | 202,094 | |
| Charter Communications, Cl A *(A) | | | 119 | | | | 38,986 | |
| Comcast, Cl A (A) | | | 4,783 | | | | 208,874 | |
| Electronic Arts (A) | | | 311 | | | | 46,914 | |
| Fox, Cl A (A) | | | 243 | | | | 10,206 | |
| Fox, Cl B (A) | | | 191 | | | | 7,441 | |
| Interpublic Group | | | 433 | | | | 12,730 | |
| Live Nation Entertainment * | | | 188 | | | | 22,022 | |
| Match Group * | | | 396 | | | | 14,268 | |
| Meta Platforms, Cl A (A) | | | 2,688 | | | | 1,525,655 | |
| Netflix * | | | 533 | | | | 402,964 | |
| News, Cl A | | | 567 | | | | 15,451 | |
| News, Cl B | | | 189 | | | | 5,489 | |
| Omnicom Group | | | 233 | | | | 23,533 | |
| Paramount Global, Cl B | | | 744 | | | | 8,139 | |
| Take-Two Interactive Software * | | | 203 | | | | 32,829 | |
| T-Mobile US | | | 605 | | | | 135,012 | |
| Verizon Communications | | | 5,250 | | | | 221,183 | |
| Walt Disney (A) | | | 2,246 | | | | 216,065 | |
| Warner Bros Discovery * | | | 2,731 | | | | 22,203 | |
| | | | | | | | 5,423,263 | |
The accompanying notes are an integral part of the financial statements.
31
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call & Growth ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Discretionary — 10.1% | | | | | | | | |
| Airbnb, Cl A *(A) | | | 540 | | | $ | 72,787 | |
| Amazon.com *(A) | | | 11,499 | | | | 2,143,414 | |
| Aptiv PLC *(A) | | | 316 | | | | 17,958 | |
| AutoZone *(A) | | | 21 | | | | 63,189 | |
| Best Buy (A) | | | 230 | | | | 20,799 | |
| Booking Holdings (A) | | | 41 | | | | 191,726 | |
| BorgWarner (A) | | | 252 | | | | 8,475 | |
| Caesars Entertainment *(A) | | | 186 | | | | 7,449 | |
| CarMax *(A) | | | 179 | | | | 12,956 | |
| Carnival *(A) | | | 1,359 | | | | 29,898 | |
| Chipotle Mexican Grill, Cl A *(A) | | | 1,686 | | | | 94,028 | |
| Darden Restaurants (A) | | | 159 | | | | 25,443 | |
| Deckers Outdoor *(A) | | | 190 | | | | 30,569 | |
| Domino’s Pizza (A) | | | 44 | | | | 18,204 | |
| DR Horton (A) | | | 360 | | | | 60,840 | |
| eBay (A) | | | 617 | | | | 35,484 | |
| Expedia Group *(A) | | | 164 | | | | 25,635 | |
| Ford Motor (A) | | | 4,822 | | | | 49,618 | |
| Garmin (A) | | | 184 | | | | 36,496 | |
| General Motors (A) | | | 1,440 | | | | 73,094 | |
| Genuine Parts (A) | | | 183 | | | | 20,990 | |
| Hasbro (A) | | | 190 | | | | 12,470 | |
| Hilton Worldwide Holdings (A) | | | 304 | | | | 71,394 | |
| Home Depot (A) | | | 1,214 | | | | 478,012 | |
| Las Vegas Sands | | | 468 | | | | 24,266 | |
| Lennar, Cl A | | | 295 | | | | 50,238 | |
| LKQ | | | 380 | | | | 13,980 | |
| Lowe’s | | | 711 | | | | 186,161 | |
| Lululemon Athletica * | | | 143 | | | | 42,600 | |
| Marriott International, Cl A | | | 287 | | | | 74,626 | |
| McDonald’s | | | 890 | | | | 259,978 | |
| MGM Resorts International * | | | 321 | | | | 11,835 | |
| Mohawk Industries * | | | 69 | | | | 9,265 | |
| NIKE, Cl B | | | 1,515 | | | | 116,852 | |
| Norwegian Cruise Line Holdings *(A) | | | 557 | | | | 14,114 | |
| NVR * | | | 4 | | | | 36,611 | |
| O’Reilly Automotive * | | | 71 | | | | 81,873 | |
| Pool | | | 47 | | | | 16,997 | |
| PulteGroup | | | 251 | | | | 32,512 | |
The accompanying notes are an integral part of the financial statements.
32
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call & Growth ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Discretionary — continued | | | | | | | | |
| Ralph Lauren, Cl A | | | 48 | | | $ | 9,501 | |
| Ross Stores | | | 416 | | | | 58,124 | |
| Royal Caribbean Cruises (A) | | | 283 | | | | 58,397 | |
| Starbucks | | | 1,405 | | | | 137,269 | |
| Tapestry | | | 279 | | | | 13,239 | |
| Tesla * | | | 3,405 | | | | 850,739 | |
| TJX | | | 1,410 | | | | 159,372 | |
| Tractor Supply | | | 127 | | | | 33,720 | |
| Ulta Beauty * | | | 61 | | | | 22,508 | |
| Wynn Resorts | | | 101 | | | | 9,698 | |
| Yum! Brands | | | 360 | | | | 47,218 | |
| | | | | | | | 5,972,621 | |
| Consumer Staples — 5.8% | | | | | | | | |
| Altria Group (A) | | | 2,158 | | | | 117,525 | |
| Archer-Daniels-Midland (A) | | | 578 | | | | 31,911 | |
| Brown-Forman, Cl B (A) | | | 255 | | | | 11,228 | |
| Bunge Global (A) | | | 164 | | | | 13,779 | |
| Campbell Soup (A) | | | 219 | | | | 10,216 | |
| Church & Dwight (A) | | | 324 | | | | 32,371 | |
| Clorox (A) | | | 138 | | | | 21,880 | |
| Coca-Cola (A) | | | 4,814 | | | | 314,402 | |
| Colgate-Palmolive (A) | | | 1,007 | | | | 94,366 | |
| Conagra Brands (A) | | | 665 | | | | 19,245 | |
| Constellation Brands, Cl A (A) | | | 199 | | | | 46,236 | |
| Costco Wholesale (A) | | | 543 | | | | 474,680 | |
| Dollar General (A) | | | 285 | | | | 22,811 | |
| Dollar Tree *(A) | | | 292 | | | | 18,875 | |
| Estee Lauder, Cl A | | | 280 | | | | 19,303 | |
| General Mills (A) | | | 698 | | | | 47,478 | |
| Hershey (A) | | | 191 | | | | 33,918 | |
| Hormel Foods (A) | | | 380 | | | | 11,609 | |
| J M Smucker | | | 153 | | | | 17,367 | |
| Kellanova | | | 321 | | | | 25,889 | |
| Kenvue | | | 2,338 | | | | 53,610 | |
| Keurig Dr Pepper | | | 1,321 | | | | 43,527 | |
| Kimberly-Clark | | | 418 | | | | 56,087 | |
| Kraft Heinz | | | 1,058 | | | | 35,401 | |
| Kroger | | | 807 | | | | 45,006 | |
The accompanying notes are an integral part of the financial statements.
33
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call & Growth ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Staples — continued | | | | | | | | |
| Lamb Weston Holdings | | | 191 | | | $ | 14,839 | |
| McCormick | | | 299 | | | | 23,394 | |
| Molson Coors Beverage, Cl B | | | 199 | | | | 10,840 | |
| Mondelez International, Cl A | | | 1,649 | | | | 112,923 | |
| Monster Beverage * | | | 862 | | | | 45,410 | |
| PepsiCo | | | 1,704 | | | | 283,000 | |
| Philip Morris International | | | 1,887 | | | | 250,405 | |
| Procter & Gamble | | | 2,881 | | | | 475,884 | |
| Sysco | | | 598 | | | | 44,820 | |
| Target | | | 564 | | | | 84,623 | |
| Tyson Foods, Cl A | | | 333 | | | | 19,510 | |
| Walgreens Boots Alliance | | | 1,072 | | | | 10,141 | |
| Walmart | | | 5,393 | | | | 441,956 | |
| | | | | | | | 3,436,465 | |
| Energy — 3.4% | | | | | | | | |
| APA (A) | | | 412 | | | | 9,723 | |
| Baker Hughes, Cl A (A) | | | 1,261 | | | | 48,019 | |
| Chevron (A) | | | 2,110 | | | | 314,010 | |
| ConocoPhillips (A) | | | 1,397 | | | | 153,027 | |
| Coterra Energy (A) | | | 947 | | | | 22,652 | |
| Devon Energy (A) | | | 768 | | | | 29,706 | |
| Diamondback Energy (A) | | | 216 | | | | 38,182 | |
| EOG Resources (A) | | | 711 | | | | 86,714 | |
| EQT (A) | | | 709 | | | | 25,907 | |
| Exxon Mobil (A) | | | 5,448 | | | | 636,217 | |
| Halliburton (A) | | | 1,071 | | | | 29,710 | |
| Hess (A) | | | 349 | | | | 46,933 | |
| Kinder Morgan | | | 2,355 | | | | 57,721 | |
| Marathon Oil | | | 746 | | | | 20,664 | |
| Marathon Petroleum | | | 410 | | | | 59,643 | |
| Occidental Petroleum | | | 809 | | | | 40,539 | |
| ONEOK | | | 745 | | | | 72,176 | |
| Phillips 66 | | | 522 | | | | 63,590 | |
| Schlumberger (A) | | | 1,765 | | | | 70,724 | |
| Targa Resources | | | 277 | | | | 46,248 | |
| Valero Energy | | | 405 | | | | 52,553 | |
| Williams | | | 1,556 | | | | 81,488 | |
| | | | | | | | 2,006,146 | |
The accompanying notes are an integral part of the financial statements.
34
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call & Growth ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — 13.4% | | | | | | | | |
| Aflac (A) | | | 618 | | | $ | 64,760 | |
| Allstate (A) | | | 329 | | | | 61,365 | |
| American Express (A) | | | 679 | | | | 183,384 | |
| American International Group (A) | | | 823 | | | | 62,449 | |
| Ameriprise Financial (A) | | | 119 | | | | 60,726 | |
| Aon PLC, Cl A (A) | | | 272 | | | | 99,789 | |
| Arch Capital Group *(A) | | | 436 | | | | 42,972 | |
| Arthur J Gallagher (A) | | | 269 | | | | 75,643 | |
| Assurant (A) | | | 65 | | | | 12,460 | |
| Bank of America (A) | | | 8,379 | | | | 350,410 | |
| Bank of New York Mellon (A) | | | 904 | | | | 68,125 | |
| Berkshire Hathaway, Cl B *(A) | | | 2,251 | | | | 1,015,021 | |
| BlackRock Funding | | | 174 | | | | 170,699 | |
| Blackstone (A) | | | 890 | | | | 149,297 | |
| Brown & Brown (A) | | | 267 | | | | 27,939 | |
| Capital One Financial (A) | | | 471 | | | | 76,674 | |
| Cboe Global Markets (A) | | | 120 | | | | 25,628 | |
| Charles Schwab | | | 1,844 | | | | 130,611 | |
| Chubb (A) | | | 464 | | | | 131,052 | |
| Cincinnati Financial (A) | | | 187 | | | | 26,335 | |
| Citigroup (A) | | | 2,379 | | | | 152,660 | |
| Citizens Financial Group (A) | | | 546 | | | | 22,998 | |
| CME Group, Cl A (A) | | | 452 | | | | 101,863 | |
| Corpay *(A) | | | 89 | | | | 29,345 | |
| Discover Financial Services (A) | | | 292 | | | | 43,342 | |
| Erie Indemnity, Cl A | | | 29 | | | | 13,016 | |
| Everest Group (A) | | | 53 | | | | 18,847 | |
| FactSet Research Systems (A) | | | 45 | | | | 20,433 | |
| Fidelity National Information Services (A) | | | 698 | | | | 62,632 | |
| Fifth Third Bancorp (A) | | | 801 | | | | 34,988 | |
| Fiserv *(A) | | | 691 | | | | 136,749 | |
| Franklin Resources (A) | | | 378 | | | | 7,851 | |
| Global Payments (A) | | | 323 | | | | 33,498 | |
| Globe Life (A) | | | 101 | | | | 10,666 | |
| Goldman Sachs Group (A) | | | 391 | | | | 202,456 | |
| Hartford Financial Services Group (A) | | | 359 | | | | 39,648 | |
| Huntington Bancshares (A) | | | 1,900 | | | | 29,621 | |
| Intercontinental Exchange | | | 708 | | | | 110,356 | |
| Invesco (A) | | | 625 | | | | 10,837 | |
The accompanying notes are an integral part of the financial statements.
35
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call & Growth ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| Jack Henry & Associates (A) | | | 70 | | | $ | 12,735 | |
| JPMorgan Chase | | | 3,492 | | | | 774,945 | |
| KeyCorp | | | 1,142 | | | | 19,699 | |
| KKR | | | 820 | | | | 113,357 | |
| Loews | | | 260 | | | | 20,530 | |
| M&T Bank | | | 213 | | | | 41,467 | |
| MarketAxess Holdings | | | 43 | | | | 12,445 | |
| Marsh & McLennan | | | 616 | | | | 134,436 | |
| Mastercard, Cl A | | | 1,010 | | | | 504,586 | |
| MetLife | | | 733 | | | | 57,482 | |
| Moody’s | | | 193 | | | | 87,630 | |
| Morgan Stanley | | | 1,540 | | | | 179,025 | |
| MSCI, Cl A | | | 91 | | | | 51,979 | |
| Nasdaq | | | 474 | | | | 35,038 | |
| Northern Trust | | | 271 | | | | 27,241 | |
| PayPal Holdings * | | | 1,295 | | | | 102,693 | |
| PNC Financial Services Group | | | 505 | | | | 95,076 | |
| Principal Financial Group | | | 289 | | | | 23,814 | |
| Progressive | | | 725 | | | | 176,052 | |
| Prudential Financial | | | 461 | | | | 56,463 | |
| Raymond James Financial | | | 226 | | | | 33,498 | |
| Regions Financial | | | 1,079 | | | | 25,756 | |
| S&P Global | | | 397 | | | | 190,703 | |
| State Street | | | 360 | | | | 33,408 | |
| Synchrony Financial | | | 471 | | | | 25,971 | |
| T Rowe Price Group | | | 257 | | | | 28,234 | |
| Travelers | | | 278 | | | | 68,371 | |
| Truist Financial | | | 1,642 | | | | 70,688 | |
| US Bancorp | | | 1,920 | | | | 92,755 | |
| Visa, Cl A | | | 2,047 | | | | 593,323 | |
| W R Berkley (A) | | | 356 | | | | 20,353 | |
| Wells Fargo | | | 4,219 | | | | 273,897 | |
| Willis Towers Watson PLC (A) | | | 120 | | | | 36,263 | |
| | | | | | | | 7,937,058 | |
| Health Care — 11.2% | | | | | | | | |
| Abbott Laboratories (A) | | | 2,165 | | | | 245,446 | |
| AbbVie (A) | | | 2,194 | | | | 447,291 | |
| Agilent Technologies (A) | | | 374 | | | | 48,736 | |
The accompanying notes are an integral part of the financial statements.
36
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call & Growth ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| Align Technology *(A) | | | 88 | | | $ | 18,043 | |
| Amgen (A) | | | 667 | | | | 213,547 | |
| Baxter International (A) | | | 679 | | | | 24,240 | |
| Becton Dickinson (A) | | | 355 | | | | 82,925 | |
| Biogen *(A) | | | 184 | | | | 32,016 | |
| Bio-Techne (A) | | | 203 | | | | 14,971 | |
| Boston Scientific *(A) | | | 1,834 | | | | 154,093 | |
| Bristol-Myers Squibb (A) | | | 2,516 | | | | 140,317 | |
| Cardinal Health (A) | | | 311 | | | | 33,750 | |
| Catalent *(A) | | | 254 | | | | 14,884 | |
| Cencora (A) | | | 204 | | | | 46,528 | |
| Centene *(A) | | | 663 | | | | 41,278 | |
| Charles River Laboratories International *(A) | | | 59 | | | | 10,536 | |
| Cigna Group (A) | | | 345 | | | | 108,609 | |
| Cooper *(A) | | | 259 | | | | 27,112 | |
| CVS Health (A) | | | 1,491 | | | | 84,182 | |
| Danaher (A) | | | 796 | | | | 195,545 | |
| DaVita *(A) | | | 68 | | | | 9,507 | |
| Dexcom *(A) | | | 479 | | | | 33,760 | |
| Edwards Lifesciences *(A) | | | 744 | | | | 49,855 | |
| Elevance Health (A) | | | 291 | | | | 118,076 | |
| Eli Lilly | | | 969 | | | | 804,018 | |
| GE HealthCare Technologies (A) | | | 535 | | | | 46,732 | |
| Gilead Sciences (A) | | | 1,537 | | | | 136,516 | |
| HCA Healthcare (A) | | | 229 | | | | 82,152 | |
| Henry Schein * | | | 191 | | | | 13,414 | |
| Hologic *(A) | | | 276 | | | | 22,320 | |
| Humana (A) | | | 158 | | | | 40,737 | |
| IDEXX Laboratories * | | | 94 | | | | 38,251 | |
| Incyte * | | | 242 | | | | 17,937 | |
| Insulet * | | | 83 | | | | 19,217 | |
| Intuitive Surgical * | | | 439 | | | | 221,186 | |
| IQVIA Holdings * | | | 226 | | | | 46,515 | |
| Johnson & Johnson | | | 2,946 | | | | 470,948 | |
| Labcorp Holdings | | | 93 | | | | 21,229 | |
| McKesson | | | 160 | | | | 80,094 | |
| Medtronic PLC (A) | | | 1,585 | | | | 141,461 | |
| Merck | | | 3,147 | | | | 322,001 | |
| Mettler-Toledo International * | | | 28 | | | | 36,169 | |
The accompanying notes are an integral part of the financial statements.
37
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call & Growth ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| Moderna * | | | 413 | | | $ | 22,451 | |
| Molina Healthcare * | | | 74 | | | | 23,770 | |
| Pfizer | | | 7,054 | | | | 199,628 | |
| Quest Diagnostics | | | 123 | | | | 19,044 | |
| Regeneron Pharmaceuticals * | | | 127 | | | | 106,451 | |
| ResMed | | | 166 | | | | 40,250 | |
| Revvity | | | 140 | | | | 16,603 | |
| Solventum * | | | 183 | | | | 13,282 | |
| STERIS PLC (A) | | | 125 | | | | 27,731 | |
| Stryker | | | 427 | | | | 152,132 | |
| Teleflex | | | 54 | | | | 10,857 | |
| Thermo Fisher Scientific | | | 474 | | | | 258,956 | |
| UnitedHealth Group | | | 1,132 | | | | 639,014 | |
| Universal Health Services, Cl B | | | 70 | | | | 14,302 | |
| Vertex Pharmaceuticals * | | | 320 | | | | 152,314 | |
| Viatris | | | 1,576 | | | | 18,282 | |
| Waters * | | | 75 | | | | 24,233 | |
| West Pharmaceutical Services | | | 93 | | | | 28,638 | |
| Zimmer Biomet Holdings | | | 243 | | | | 25,982 | |
| Zoetis, Cl A | | | 563 | | | | 100,653 | |
| | | | | | | | 6,650,717 | |
| Industrials — 8.5% | | | | | | | | |
| 3M | | | 680 | | | | 87,360 | |
| A O Smith | | | 132 | | | | 9,913 | |
| Allegion PLC (A) | | | 96 | | | | 13,404 | |
| Amentum Holdings * | | | 160 | | | | 4,758 | |
| AMETEK (A) | | | 279 | | | | 51,152 | |
| Automatic Data Processing (A) | | | 507 | | | | 146,645 | |
| Axon Enterprise *(A) | | | 91 | | | | 38,538 | |
| Boeing *(A) | | | 855 | | | | 127,660 | |
| Broadridge Financial Solutions (A) | | | 127 | | | | 26,779 | |
| Builders FirstSource *(A) | | | 140 | | | | 23,996 | |
| Carrier Global (A) | | | 1,066 | | | | 77,519 | |
| Caterpillar (A) | | | 601 | | | | 226,096 | |
| CH Robinson Worldwide (A) | | | 171 | | | | 17,620 | |
| Cintas (A) | | | 420 | | | | 86,440 | |
| Copart *(A) | | | 1,012 | | | | 52,088 | |
| CSX (A) | | | 2,423 | | | | 81,510 | |
The accompanying notes are an integral part of the financial statements.
38
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call & Growth ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| Cummins (A) | | | 158 | | | $ | 51,979 | |
| Dayforce *(A) | | | 224 | | | | 15,893 | |
| Deere (A) | | | 307 | | | | 124,240 | |
| Delta Air Lines (A) | | | 803 | | | | 45,948 | |
| Dover (A) | | | 166 | | | | 31,429 | |
| Eaton PLC (A) | | | 496 | | | | 164,464 | |
| Emerson Electric (A) | | | 673 | | | | 72,866 | |
| Equifax (A) | | | 140 | | | | 37,103 | |
| Expeditors International of Washington (A) | | | 171 | | | | 20,349 | |
| Fastenal (A) | | | 698 | | | | 54,570 | |
| FedEx (A) | | | 288 | | | | 78,869 | |
| Fortive (A) | | | 429 | | | | 30,643 | |
| GE Vernova *(A) | | | 349 | | | | 105,279 | |
| Generac Holdings *(A) | | | 84 | | | | 13,906 | |
| General Dynamics (A) | | | 318 | | | | 92,732 | |
| General Electric (A) | | | 1,344 | | | | 230,872 | |
| Honeywell International (A) | | | 786 | | | | 161,664 | |
| Howmet Aerospace (A) | | | 480 | | | | 47,866 | |
| Hubbell, Cl B (A) | | | 68 | | | | 29,038 | |
| Huntington Ingalls Industries | | | 45 | | | | 8,323 | |
| IDEX | | | 87 | | | | 18,674 | |
| Illinois Tool Works (A) | | | 332 | | | | 86,695 | |
| Ingersoll Rand | | | 507 | | | | 48,672 | |
| Jacobs Solutions | | | 160 | | | | 22,493 | |
| JB Hunt Transport Services (A) | | | 88 | | | | 15,895 | |
| Johnson Controls International (A) | | | 777 | | | | 58,702 | |
| L3Harris Technologies | | | 236 | | | | 58,403 | |
| Leidos Holdings | | | 161 | | | | 29,489 | |
| Lockheed Martin | | | 262 | | | | 143,065 | |
| Masco | | | 289 | | | | 23,094 | |
| Nordson | | | 64 | | | | 15,865 | |
| Norfolk Southern | | | 278 | | | | 69,620 | |
| Northrop Grumman | | | 171 | | | | 87,042 | |
| Old Dominion Freight Line | | | 240 | | | | 48,317 | |
| Otis Worldwide | | | 509 | | | | 49,984 | |
| PACCAR | | | 613 | | | | 63,924 | |
| Parker-Hannifin | | | 161 | | | | 102,085 | |
| Paychex | | | 394 | | | | 54,896 | |
| Paycom Software | | | 78 | | | | 16,304 | |
The accompanying notes are an integral part of the financial statements.
39
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call & Growth ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| Pentair PLC (A) | | | 195 | | | $ | 19,328 | |
| Quanta Services | | | 180 | | | | 54,293 | |
| Republic Services, Cl A | | | 255 | | | | 50,490 | |
| Rockwell Automation | | | 131 | | | | 34,939 | |
| Rollins | | | 375 | | | | 17,677 | |
| RTX | | | 1,647 | | | | 199,270 | |
| Snap-On | | | 66 | | | | 21,789 | |
| Southwest Airlines | | | 746 | | | | 22,813 | |
| Stanley Black & Decker | | | 215 | | | | 19,982 | |
| Textron | | | 251 | | | | 20,185 | |
| Trane Technologies PLC (A) | | | 274 | | | | 101,424 | |
| TransDigm Group | | | 69 | | | | 89,859 | |
| Uber Technologies * | | | 2,615 | | | | 188,411 | |
| Union Pacific | | | 763 | | | | 177,069 | |
| United Airlines Holdings * | | | 357 | | | | 27,939 | |
| United Parcel Service, Cl B | | | 904 | | | | 121,190 | |
| United Rentals | | | 82 | | | | 66,650 | |
| Veralto | | | 303 | | | | 30,964 | |
| Verisk Analytics, Cl A | | | 174 | | | | 47,801 | |
| Waste Management | | | 459 | | | | 99,075 | |
| Westinghouse Air Brake Technologies | | | 208 | | | | 39,100 | |
| WW Grainger (A) | | | 57 | | | | 63,226 | |
| Xylem | | | 318 | | | | 38,726 | |
| | | | | | | | 5,054,930 | |
| Information Technology — 31.0% | | | | | | | | |
| Adobe *(A) | | | 550 | | | | 262,944 | |
| Advanced Micro Devices *(A) | | | 1,972 | | | | 284,106 | |
| Akamai Technologies *(A) | | | 202 | | | | 20,418 | |
| Amphenol, Cl A (A) | | | 1,483 | | | | 99,391 | |
| Analog Devices (A) | | | 623 | | | | 138,998 | |
| ANSYS *(A) | | | 110 | | | | 35,245 | |
| Apple (A) | | | 18,732 | | | | 4,231,746 | |
| Applied Materials (A) | | | 1,036 | | | | 188,117 | |
| Arista Networks *(A) | | | 315 | | | | 121,729 | |
| Autodesk *(A) | | | 269 | | | | 76,342 | |
| Broadcom (A) | | | 5,719 | | | | 970,915 | |
| Cadence Design Systems *(A) | | | 336 | | | | 92,776 | |
| CDW (A) | | | 167 | | | | 31,434 | |
The accompanying notes are an integral part of the financial statements.
40
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call & Growth ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Information Technology — continued | | | | | | | | |
| Cisco Systems (A) | | | 4,995 | | | $ | 273,576 | |
| Cognizant Technology Solutions, Cl A (A) | | | 610 | | | | 45,500 | |
| Corning (A) | | | 948 | | | | 45,115 | |
| Crowdstrike Holdings, Cl A *(A) | | | 281 | | | | 83,420 | |
| Dell Technologies, Cl C | | | 349 | | | | 43,147 | |
| Enphase Energy *(A) | | | 167 | | | | 13,868 | |
| EPAM Systems *(A) | | | 65 | | | | 12,262 | |
| F5 *(A) | | | 68 | | | | 15,904 | |
| Fair Isaac *(A) | | | 28 | | | | 55,807 | |
| First Solar *(A) | | | 134 | | | | 26,060 | |
| Fortinet *(A) | | | 776 | | | | 61,040 | |
| Gartner *(A) | | | 88 | | | | 44,220 | |
| Gen Digital | | | 632 | | | | 18,397 | |
| GoDaddy, Cl A *(A) | | | 166 | | | | 27,689 | |
| Hewlett Packard Enterprise (A) | | | 1,561 | | | | 30,424 | |
| HP (A) | | | 1,109 | | | | 39,392 | |
| Intel (A) | | | 5,317 | | | | 114,422 | |
| International Business Machines | | | 1,147 | | | | 237,108 | |
| Intuit | | | 346 | | | | 211,164 | |
| Jabil | | | 143 | | | | 17,602 | |
| Juniper Networks | | | 313 | | | | 12,176 | |
| Keysight Technologies * | | | 220 | | | | 32,782 | |
| KLA | | | 167 | | | | 111,260 | |
| Lam Research | | | 1,620 | | | | 120,447 | |
| Microchip Technology | | | 614 | | | | 45,049 | |
| Micron Technology | | | 1,392 | | | | 138,713 | |
| Microsoft | | | 9,157 | | | | 3,720,947 | |
| Monolithic Power Systems | | | 56 | | | | 42,521 | |
| Motorola Solutions | | | 205 | | | | 92,117 | |
| NetApp | | | 254 | | | | 29,289 | |
| NVIDIA | | | 30,307 | | | | 4,023,557 | |
| ON Semiconductor * | | | 518 | | | | 36,514 | |
| Oracle | | | 1,950 | | | | 327,288 | |
| Palantir Technologies, Cl A * | | | 2,478 | | | | 102,986 | |
| Palo Alto Networks * | | | 390 | | | | 140,529 | |
| PTC * | | | 153 | | | | 28,355 | |
| Qorvo * | | | 104 | | | | 7,411 | |
| QUALCOMM | | | 1,381 | | | | 224,785 | |
| Roper Technologies | | | 129 | | | | 69,367 | |
The accompanying notes are an integral part of the financial statements.
41
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call & Growth ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Information Technology — continued | | | | | | | | |
| Salesforce | | | 1,182 | | | $ | 344,399 | |
| Seagate Technology Holdings (A) | | | 243 | | | | 24,390 | |
| ServiceNow * | | | 255 | | | | 237,912 | |
| Skyworks Solutions | | | 189 | | | | 16,553 | |
| Super Micro Computer * | | | 544 | | | | 15,836 | |
| Synopsys * | | | 188 | | | | 96,559 | |
| Teledyne Technologies * | | | 60 | | | | 27,319 | |
| Teradyne | | | 189 | | | | 20,074 | |
| Texas Instruments | | | 1,107 | | | | 224,898 | |
| Trimble * | | | 293 | | | | 17,726 | |
| Tyler Technologies * | | | 54 | | | | 32,702 | |
| VeriSign * | | | 114 | | | | 20,160 | |
| Western Digital * | | | 389 | | | | 25,406 | |
| Zebra Technologies, Cl A * | | | 64 | | | | 24,446 | |
| | | | | | | | 18,404,751 | |
| Materials — 2.2% | | | | | | | | |
| Air Products & Chemicals (A) | | | 282 | | | | 87,570 | |
| Albemarle (A) | | | 169 | | | | 16,009 | |
| Amcor PLC (A) | | | 1,986 | | | | 22,104 | |
| Avery Dennison (A) | | | 94 | | | | 19,461 | |
| Ball (A) | | | 368 | | | | 21,804 | |
| Celanese, Cl A (A) | | | 116 | | | | 14,613 | |
| CF Industries Holdings (A) | | | 212 | | | | 17,433 | |
| Corteva (A) | | | 893 | | | | 54,402 | |
| Dow (A) | | | 888 | | | | 43,850 | |
| DuPont de Nemours (A) | | | 536 | | | | 44,483 | |
| Eastman Chemical (A) | | | 115 | | | | 12,085 | |
| Ecolab (A) | | | 317 | | | | 77,897 | |
| FMC (A) | | | 189 | | | | 12,283 | |
| Freeport-McMoRan (A) | | | 1,808 | | | | 81,396 | |
| International Flavors & Fragrances | | | 293 | | | | 29,133 | |
| International Paper | | | 431 | | | | 23,938 | |
| Linde PLC (A) | | | 596 | | | | 271,865 | |
| LyondellBasell Industries, Cl A (A) | | | 312 | | | | 27,097 | |
| Martin Marietta Materials | | | 80 | | | | 47,387 | |
| Mosaic | | | 441 | | | | 11,801 | |
| Newmont | | | 1,416 | | | | 64,343 | |
| Nucor | | | 298 | | | | 42,268 | |
The accompanying notes are an integral part of the financial statements.
42
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call & Growth ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Materials — continued | | | | | | | | |
| Packaging Corp of America | | | 110 | | | $ | 25,183 | |
| PPG Industries | | | 285 | | | | 35,485 | |
| Sherwin-Williams | | | 286 | | | | 102,608 | |
| Smurfit WestRock (A) | | | 592 | | | | 30,488 | |
| Steel Dynamics | | | 182 | | | | 23,751 | |
| Vulcan Materials | | | 173 | | | | 47,390 | |
| | | | | | | | 1,308,127 | |
| Real Estate — 2.3% | | | | | | | | |
| Alexandria Real Estate Equities †(A) | | | 216 | | | | 24,095 | |
| American Tower †(A) | | | 577 | | | | 123,213 | |
| AvalonBay Communities †(A) | | | 174 | | | | 38,560 | |
| BXP †(A) | | | 190 | | | | 15,306 | |
| Camden Property Trust †(A) | | | 132 | | | | 15,284 | |
| CBRE Group, Cl A *(A) | | | 388 | | | | 50,816 | |
| CoStar Group *(A) | | | 512 | | | | 37,268 | |
| Crown Castle †(A) | | | 555 | | | | 59,657 | |
| Digital Realty Trust †(A) | | | 376 | | | | 67,014 | |
| Equinix †(A) | | | 113 | | | | 102,613 | |
| Equity Residential †(A) | | | 417 | | | | 29,344 | |
| Essex Property Trust †(A) | | | 81 | | | | 22,993 | |
| Extra Space Storage †(A) | | | 274 | | | | 44,744 | |
| Federal Realty Investment Trust †(A) | | | 75 | | | | 8,313 | |
| Healthpeak Properties †(A) | | | 706 | | | | 15,850 | |
| Host Hotels & Resorts †(A) | | | 778 | | | | 13,413 | |
| Invitation Homes † | | | 755 | | | | 23,715 | |
| Iron Mountain † | | | 348 | | | | 43,058 | |
| Kimco Realty † | | | 890 | | | | 21,111 | |
| Mid-America Apartment Communities † | | | 134 | | | | 20,280 | |
| ProLogis † | | | 1,157 | | | | 130,672 | |
| Public Storage † | | | 195 | | | | 64,167 | |
| Realty Income † | | | 1,068 | | | | 63,407 | |
| Regency Centers † | | | 191 | | | | 13,645 | |
| SBA Communications, Cl A † | | | 125 | | | | 28,684 | |
| Simon Property Group † | | | 375 | | | | 63,420 | |
| UDR † | | | 350 | | | | 14,766 | |
| Ventas † | | | 497 | | | | 32,548 | |
| VICI Properties, Cl A † | | | 1,341 | | | | 42,590 | |
| Welltower † | | | 686 | | | | 92,528 | |
The accompanying notes are an integral part of the financial statements.
43
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call & Growth ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Real Estate — continued | | | | | | | | |
| Weyerhaeuser † | | | 873 | | | $ | 27,203 | |
| | | | | | | | 1,350,277 | |
| Utilities — 2.5% | | | | | | | | |
| AES (A) | | | 813 | | | | 13,406 | |
| Alliant Energy (A) | | | 301 | | | | 18,060 | |
| Ameren (A) | | | 320 | | | | 27,875 | |
| American Electric Power (A) | | | 642 | | | | 63,398 | |
| American Water Works (A) | | | 238 | | | | 32,870 | |
| Atmos Energy (A) | | | 210 | | | | 29,144 | |
| CenterPoint Energy (A) | | | 792 | | | | 23,388 | |
| CMS Energy (A) | | | 352 | | | | 24,503 | |
| Consolidated Edison (A) | | | 420 | | | | 42,706 | |
| Constellation Energy (A) | | | 392 | | | | 103,080 | |
| Dominion Energy (A) | | | 1,058 | | | | 62,983 | |
| DTE Energy (A) | | | 253 | | | | 31,428 | |
| Duke Energy (A) | | | 961 | | | | 110,775 | |
| Edison International (A) | | | 454 | | | | 37,410 | |
| Entergy (A) | | | 274 | | | | 42,410 | |
| Evergy (A) | | | 289 | | | | 17,467 | |
| Eversource Energy (A) | | | 419 | | | | 27,591 | |
| Exelon (A) | | | 1,260 | | | | 49,518 | |
| FirstEnergy (A) | | | 599 | | | | 25,056 | |
| NextEra Energy | | | 2,569 | | | | 203,593 | |
| NiSource | | | 568 | | | | 19,971 | |
| NRG Energy | | | 249 | | | | 22,510 | |
| PG&E | | | 2,756 | | | | 55,726 | |
| Pinnacle West Capital | | | 120 | | | | 10,537 | |
| PPL | | | 886 | | | | 28,848 | |
| Public Service Enterprise Group | | | 613 | | | | 54,808 | |
| Sempra | | | 782 | | | | 65,195 | |
| Southern | | | 1,349 | | | | 122,799 | |
| Vistra | | | 444 | | | | 55,482 | |
| WEC Energy Group | | | 382 | | | | 36,492 | |
The accompanying notes are an integral part of the financial statements.
44
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call & Growth ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Utilities — continued | | | | | | | | |
| Xcel Energy | | | 702 | | | $ | 46,901 | |
| | | | | | | | 1,505,930 | |
| TOTAL UNITED STATES | | | | | | | 59,050,285 | |
TOTAL COMMON STOCK
(Cost $48,159,437) | | | | | | | 59,448,881 | |
TOTAL INVESTMENTS — 100.3%
(Cost $48,159,437) | | | | | | $ | 59,448,881 | |
| | | | | | | | | |
WRITTEN OPTIONS— (0.3)%
(Premiums Received $(558,724)) | | | | | | $ | (166,660 | ) |
Percentages are based on Net Assets of $59,295,043.
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 | |
| WRITTEN OPTIONS — (0.3)% | | | | | | | | | | | | | | | | |
| Call Options | | | | | | | | | | | | | | | | |
| S&P 500 Index | | (52) | | $ | (29,668,340 | ) | | $ | 5,855 | | | 11/15/24 | | $ | (166,660 | ) |
| * | 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 $30,021,937. |
The accompanying notes are an integral part of the financial statements.
45
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Covered Call & Growth 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 | | $ | 59,448,881 | | | $ | — | | | $ | — | | | $ | 59,448,881 | |
| Total Investments in Securities | | $ | 59,448,881 | | | $ | — | | | $ | — | | | $ | 59,448,881 | |
| | | | | | | | | | | | | | | | | |
| Other Financial Instruments | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Written Options | | $ | (166,660 | ) | | $ | — | | | $ | — | | | $ | (166,660 | ) |
| Total Other Financial Instruments | | $ | (166,660 | ) | | $ | — | | | $ | — | | | $ | (166,660 | ) |
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.
46
| Schedule of Investments | October 31, 2024 |
| Global X NASDAQ 100® Risk Managed Income ETF |
| | | Shares | | | Value |
| COMMON STOCK(A) — 100.1% | | | | | | | | |
| BRAZIL — 0.7% | | | | | | | | |
| Consumer Discretionary — 0.7% | | | | | | | | |
| MercadoLibre * | | | 59 | | | $ | 120,194 | |
| | | | | | | | | |
| CHINA — 1.0% | | | | | | | | |
| Consumer Discretionary — 0.6% | | | | | | | | |
| PDD Holdings ADR * | | | 765 | | | | 92,251 | |
| | | | | | | | | |
| Information Technology — 0.4% | | | | | | | | |
| NXP Semiconductors | | | 300 | | | | 70,350 | |
| | | | | | | | | |
| TOTAL CHINA | | | | | | | 162,601 | |
| TAIWAN — 0.4% | | | | | | | | |
| Information Technology — 0.4% | | | | | | | | |
| ASML Holding | | | 111 | | | | 74,653 | |
| | | | | | | | | |
| UNITED KINGDOM — 0.5% | | | | | | | | |
| Consumer Staples — 0.2% | | | | | | | | |
| Coca-Cola Europacific Partners | | | 521 | | | | 39,596 | |
| | | | | | | | | |
| Health Care — 0.3% | | | | | | | | |
| AstraZeneca ADR | | | 664 | | | | 47,244 | |
| | | | | | | | | |
| TOTAL UNITED KINGDOM | | | | | | | 86,840 | |
| UNITED STATES — 97.5% | | | | | | | | |
| | | | | | | | | |
| Communication Services — 16.4% | | | | | | | | |
| Alphabet, Cl A | | | 2,617 | | | | 447,795 | |
| Alphabet, Cl C | | | 2,495 | | | | 430,862 | |
| Charter Communications, Cl A * | | | 168 | | | | 55,038 | |
| Comcast, Cl A | | | 4,447 | | | | 194,200 | |
| Electronic Arts | | | 303 | | | | 45,708 | |
| Meta Platforms, Cl A | | | 1,554 | | | | 882,019 | |
| Netflix * | | | 495 | | | | 374,235 | |
| Take-Two Interactive Software * | | | 205 | | | | 33,153 | |
| T-Mobile US | | | 1,345 | | | | 300,150 | |
| Trade Desk, Cl A * | | | 511 | | | | 61,427 | |
The accompanying notes are an integral part of the financial statements.
47
| Schedule of Investments | October 31, 2024 |
| Global X NASDAQ 100® Risk Managed Income ETF |
| | | Shares | | | Value |
| COMMON STOCK — continued | | | | | | | | |
| Communication Services — continued | | | | | | | | |
| Warner Bros Discovery * | | | 2,860 | | | $ | 23,252 | |
| | | | | | | | 2,847,839 | |
| Consumer Discretionary — 12.2% | | | | | | | | |
| Airbnb, Cl A * | | | 510 | | | | 68,743 | |
| Amazon.com * | | | 4,694 | | | | 874,962 | |
| Booking Holdings | | | 38 | | | | 177,697 | |
| DoorDash, Cl A * | | | 439 | | | | 68,791 | |
| Lululemon Athletica * | | | 137 | | | | 40,812 | |
| Marriott International, Cl A | | | 331 | | | | 86,067 | |
| O’Reilly Automotive * | | | 69 | | | | 79,567 | |
| Ross Stores | | | 381 | | | | 53,233 | |
| Starbucks | | | 1,303 | | | | 127,303 | |
| Tesla * | | | 2,161 | | | | 539,926 | |
| | | | | | | | 2,117,101 | |
| Consumer Staples — 5.7% | | | | | | | | |
| Costco Wholesale | | | 512 | | | | 447,580 | |
| Dollar Tree * | | | 260 | | | | 16,806 | |
| Keurig Dr Pepper | | | 1,546 | | | | 50,941 | |
| Kraft Heinz | | | 1,377 | | | | 46,074 | |
| Mondelez International, Cl A | | | 1,533 | | | | 104,980 | |
| Monster Beverage * | | | 1,118 | | | | 58,896 | |
| PepsiCo | | | 1,583 | | | | 262,905 | |
| | | | | | | | 988,182 | |
| Energy — 0.6% | | | | | | | | |
| Baker Hughes, Cl A | | | 1,127 | | | | 42,916 | |
| Diamondback Energy | | | 341 | | | | 60,279 | |
| | | | | | | | 103,195 | |
| Financials — 0.5% | | | | | | | | |
| PayPal Holdings * | | | 1,171 | | | | 92,860 | |
| | | | | | | | | |
| Health Care — 5.6% | | | | | | | | |
| Amgen | | | 619 | | | | 198,179 | |
| Biogen * | | | 176 | | | | 30,624 | |
| Dexcom * | | | 472 | | | | 33,266 | |
| GE HealthCare Technologies | | | 519 | | | | 45,335 | |
The accompanying notes are an integral part of the financial statements.
48
| Schedule of Investments | October 31, 2024 |
| Global X NASDAQ 100® Risk Managed Income ETF |
| | | Shares | | | Value |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| Gilead Sciences | | | 1,430 | | | $ | 127,013 | |
| IDEXX Laboratories * | | | 98 | | | | 39,878 | |
| Illumina * | | | 188 | | | | 27,098 | |
| Intuitive Surgical * | | | 409 | | | | 206,071 | |
| Moderna * | | | 456 | | | | 24,788 | |
| Regeneron Pharmaceuticals * | | | 124 | | | | 103,937 | |
| Vertex Pharmaceuticals * | | | 297 | | | | 141,366 | |
| | | | | | | | 977,555 | |
| Industrials — 4.5% | | | | | | | | |
| Automatic Data Processing | | | 470 | | | | 135,943 | |
| Cintas | | | 471 | | | | 96,937 | |
| Copart * | | | 1,098 | | | | 56,514 | |
| CSX | | | 2,219 | | | | 74,647 | |
| Fastenal | | | 651 | | | | 50,895 | |
| Honeywell International | | | 747 | | | | 153,643 | |
| Old Dominion Freight Line | | | 251 | | | | 50,531 | |
| PACCAR | | | 599 | | | | 62,464 | |
| Paychex | | | 410 | | | | 57,125 | |
| Verisk Analytics, Cl A | | | 168 | | | | 46,153 | |
| | | | | | | | 784,852 | |
| Information Technology — 49.0% | | | | | | | | |
| Adobe * | | | 511 | | | | 244,299 | |
| Advanced Micro Devices * | | | 1,866 | | | | 268,835 | |
| Analog Devices | | | 571 | | | | 127,396 | |
| ANSYS * | | | 102 | | | | 32,682 | |
| Apple | | | 6,802 | | | | 1,536,640 | |
| Applied Materials | | | 948 | | | | 172,138 | |
| ARM Holdings ADR * | | | 144 | | | | 20,347 | |
| Atlassian, Cl A * | | | 189 | | | | 35,634 | |
| Autodesk * | | | 253 | | | | 71,801 | |
| Broadcom | | | 5,353 | | | | 908,779 | |
| Cadence Design Systems * | | | 324 | | | | 89,463 | |
| CDW | | | 155 | | | | 29,176 | |
| Cisco Systems | | | 4,643 | | | | 254,297 | |
| Cognizant Technology Solutions, Cl A | | | 564 | | | | 42,069 | |
| Crowdstrike Holdings, Cl A * | | | 277 | | | | 82,233 | |
| Datadog, Cl A * | | | 353 | | | | 44,280 | |
The accompanying notes are an integral part of the financial statements.
49
| Schedule of Investments | October 31, 2024 |
| Global X NASDAQ 100® Risk Managed Income ETF |
| | | Shares | | | Value |
| COMMON STOCK — continued | | | | | | | | |
| Information Technology — continued | | | | | | | | |
| Fortinet * | | | 876 | | | $ | 68,906 | |
| GLOBALFOUNDRIES * | | | 642 | | | | 23,433 | |
| Intel | | | 4,909 | | | | 105,642 | |
| Intuit | | | 322 | | | | 196,517 | |
| KLA | | | 160 | | | | 106,597 | |
| Lam Research | | | 1,492 | | | | 110,930 | |
| Marvell Technology | | | 992 | | | | 79,469 | |
| Microchip Technology | | | 610 | | | | 44,756 | |
| Micron Technology | | | 1,274 | | | | 126,954 | |
| Microsoft | | | 3,324 | | | | 1,350,707 | |
| MongoDB, Cl A * | | | 88 | | | | 23,795 | |
| NVIDIA | | | 10,975 | | | | 1,457,041 | |
| ON Semiconductor * | | | 506 | | | | 35,668 | |
| Palo Alto Networks * | | | 373 | | | | 134,403 | |
| QUALCOMM | | | 1,284 | | | | 208,997 | |
| Roper Technologies | | | 127 | | | | 68,292 | |
| Super Micro Computer * | | | 684 | | | | 19,911 | |
| Synopsys * | | | 179 | | | | 91,936 | |
| Texas Instruments | | | 1,051 | | | | 213,521 | |
| Workday, Cl A * | | | 251 | | | | 58,696 | |
| Zscaler * | | | 180 | | | | 32,542 | |
| | | | | | | | 8,518,782 | |
| Materials — 1.4% | | | | | | | | |
| Linde PLC | | | 550 | | | | 250,883 | |
| | | | | | | | | |
| Real Estate — 0.2% | | | | | | | | |
| CoStar Group * | | | 484 | | | | 35,230 | |
| | | | | | | | | |
| Utilities — 1.4% | | | | | | | | |
| American Electric Power | | | 607 | | | | 59,941 | |
| Constellation Energy | | | 370 | | | | 97,295 | |
| Exelon | | | 1,137 | | | | 44,684 | |
| Xcel Energy | | | 632 | | | | 42,224 | |
| | | | | | | | 244,144 | |
| TOTAL UNITED STATES | | | | | | | 16,960,623 | |
TOTAL COMMON STOCK
(Cost $13,258,403) | | | | | | | 17,404,911 | |
The accompanying notes are an integral part of the financial statements.
50
| Schedule of Investments | October 31, 2024 |
| Global X NASDAQ 100® Risk Managed Income ETF |
| | | Value |
PURCHASED OPTIONS — 1.0%
(Cost $120,149) | | $ | 182,997 | |
TOTAL INVESTMENTS — 101.1%
(Cost $13,378,552) | | $ | 17,587,908 | |
| | | | | |
WRITTEN OPTIONS— (1.2)%
(Premiums Received $(423,356)) | | $ | (208,230 | ) |
Percentages are based on Net Assets of $17,392,123.
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 | | | 8 | | | $ | 15,912,336 | | | $ | 19,275 | | | | 11/15/24 | | | $ | 167,960 | |
| Nasdaq-100 Micro Index | | | 75 | | | | 1,491,750 | | | | 192 | | | | 11/15/24 | | | | 15,037 | |
| | | | | | | | | | | | | | | | | | | | | |
| Total Purchased Options | | | | | | $ | 17,404,086 | | | | | | | | | | | $ | 182,997 | |
| | | | | | | | | | | | | | | | | | | | | |
| WRITTEN OPTIONS — (1.2)% | | | | | | | | | | | | | | | | | | | | |
| Call Options | | | | | | | | | | | | | | | | | | | | |
| Nasdaq-100 | | | (8 | ) | | $ | (15,912,336 | ) | | $ | 20,300 | | | | 11/15/24 | | | $ | (189,480 | ) |
| Nasdaq-100 Micro Index | | | (75 | ) | | | (1,491,750 | ) | | | 203 | | | | 11/15/24 | | | | (18,750 | ) |
| | | | | | | | | | | | | | | | | | | | | |
| Total Written Options | | | | | | $ | (17,404,086 | ) | | | | | | | | | | $ | (208,230 | ) |
| | |
| * | 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 $17,404,911. |
The accompanying notes are an integral part of the financial statements.
51
| Schedule of Investments | October 31, 2024 |
| Global X NASDAQ 100® Risk Managed Income 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 | | $ | 17,404,911 | | | $ | — | | | $ | — | | | $ | 17,404,911 | |
| Purchased Options | | | 182,997 | | | | — | | | | — | | | | 182,997 | |
| Total Investments in Securities | | $ | 17,587,908 | | | $ | — | | | $ | — | | | $ | 17,587,908 | |
| | | | | | | | | | | | | | | | | |
| Other Financial Instruments | | Level 1 | | Level 2 | | | Level 3 | | | Total |
| Written Options | | $ | (208,230 | ) | | $ | — | | | $ | — | | | $ | (208,230 | ) |
| Total Other Financial Instruments | | $ | (208,230 | ) | | $ | — | | | $ | — | | | $ | (208,230 | ) |
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.
52
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Risk Managed Income ETF |
| | | Shares | | | Value |
| COMMON STOCK(A) — 99.6% | | | | | | | | |
| CHINA — 0.1% | | | | | | | | |
| Information Technology — 0.1% | | | | | | | | |
| NXP Semiconductors | | | 202 | | | $ | 47,369 | |
| | | | | | | | | |
| IRELAND — 0.4% | | | | | | | | |
| Information Technology — 0.4% | | | | | | | | |
| Accenture PLC, Cl A | | | 503 | | | | 173,445 | |
| | | | | | | | | |
| SWITZERLAND — 0.1% | | | | | | | | |
| Information Technology — 0.1% | | | | | | | | |
| TE Connectivity | | | 253 | | | | 37,297 | |
| | | | | | | | | |
| UNITED STATES — 99.0% | | | | | | | | |
| Communication Services — 9.1% | | | | | | | | |
| Alphabet, Cl A | | | 4,774 | | | | 816,879 | |
| Alphabet, Cl C | | | 3,913 | | | | 675,736 | |
| AT&T | | | 5,784 | | | | 130,371 | |
| Charter Communications, Cl A * | | | 75 | | | | 24,571 | |
| Comcast, Cl A | | | 3,117 | | | | 136,119 | |
| Electronic Arts | | | 187 | | | | 28,209 | |
| Fox, Cl A | | | 194 | | | | 8,148 | |
| Fox, Cl B | | | 117 | | | | 4,558 | |
| Interpublic Group | | | 313 | | | | 9,202 | |
| Live Nation Entertainment * | | | 136 | | | | 15,931 | |
| Match Group * | | | 220 | | | | 7,927 | |
| Meta Platforms, Cl A | | | 1,776 | | | | 1,008,022 | |
| Netflix * | | | 351 | | | | 265,367 | |
| News, Cl A | | | 326 | | | | 8,883 | |
| News, Cl B | | | 80 | | | | 2,323 | |
| Omnicom Group | | | 177 | | | | 17,877 | |
| Paramount Global, Cl B | | | 405 | | | | 4,431 | |
| Take-Two Interactive Software * | | | 139 | | | | 22,479 | |
| T-Mobile US | | | 406 | | | | 90,603 | |
| Verizon Communications | | | 3,398 | | | | 143,158 | |
| Walt Disney | | | 1,464 | | | | 140,837 | |
| Warner Bros Discovery * | | | 1,886 | | | | 15,333 | |
| | | | | | | | 3,576,964 | |
The accompanying notes are an integral part of the financial statements.
53
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Risk Managed Income ETF |
| | | Shares | | | Value |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Discretionary — 10.0% | | | | | | | | |
| Airbnb, Cl A * | | | 365 | | | $ | 49,198 | |
| Amazon.com * | | | 7,611 | | | | 1,418,690 | |
| Aptiv PLC * | | | 219 | | | | 12,446 | |
| AutoZone * | | | 13 | | | | 39,117 | |
| Best Buy | | | 171 | | | | 15,464 | |
| Booking Holdings | | | 27 | | | | 126,259 | |
| BorgWarner | | | 191 | | | | 6,423 | |
| Caesars Entertainment * | | | 182 | | | | 7,289 | |
| CarMax * | | | 144 | | | | 10,423 | |
| Carnival * | | | 807 | | | | 17,754 | |
| Chipotle Mexican Grill, Cl A * | | | 1,090 | | | | 60,789 | |
| Darden Restaurants | | | 102 | | | | 16,322 | |
| Deckers Outdoor * | | | 128 | | | | 20,594 | |
| Domino’s Pizza | | | 24 | | | | 9,930 | |
| DR Horton | | | 248 | | | | 41,912 | |
| eBay | | | 429 | | | | 24,672 | |
| Expedia Group * | | | 92 | | | | 14,381 | |
| Ford Motor | | | 3,341 | | | | 34,379 | |
| Garmin | | | 120 | | | | 23,802 | |
| General Motors | | | 884 | | | | 44,872 | |
| Genuine Parts | | | 123 | | | | 14,108 | |
| Hasbro | | | 119 | | | | 7,810 | |
| Hilton Worldwide Holdings | | | 195 | | | | 45,796 | |
| Home Depot | | | 807 | | | | 317,756 | |
| Las Vegas Sands | | | 283 | | | | 14,674 | |
| Lennar, Cl A | | | 205 | | | | 34,912 | |
| LKQ | | | 222 | | | | 8,167 | |
| Lowe’s | | | 458 | | | | 119,918 | |
| Lululemon Athletica * | | | 90 | | | | 26,811 | |
| Marriott International, Cl A | | | 186 | | | | 48,364 | |
| McDonald’s | | | 583 | | | | 170,300 | |
| MGM Resorts International * | | | 210 | | | | 7,743 | |
| Mohawk Industries * | | | 41 | | | | 5,505 | |
| NIKE, Cl B | | | 998 | | | | 76,976 | |
| Norwegian Cruise Line Holdings * | | | 363 | | | | 9,198 | |
| NVR * | | | 3 | | | | 27,458 | |
| O’Reilly Automotive * | | | 45 | | | | 51,891 | |
| Pool | | | 27 | | | | 9,764 | |
| PulteGroup | | | 161 | | | | 20,854 | |
The accompanying notes are an integral part of the financial statements.
54
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Risk Managed Income ETF |
| | | Shares | | | Value |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Discretionary — continued | | | | | | | | |
| Ralph Lauren, Cl A | | | 31 | | | $ | 6,136 | |
| Ross Stores | | | 269 | | | | 37,585 | |
| Royal Caribbean Cruises | | | 187 | | | | 38,587 | |
| Starbucks | | | 937 | | | | 91,545 | |
| Tapestry | | | 193 | | | | 9,158 | |
| Tesla * | | | 2,259 | | | | 564,411 | |
| TJX | | | 906 | | | | 102,405 | |
| Tractor Supply | | | 87 | | | | 23,099 | |
| Ulta Beauty * | | | 35 | | | | 12,914 | |
| Wynn Resorts | | | 76 | | | | 7,298 | |
| Yum! Brands | | | 218 | | | | 28,593 | |
| | | | | | | | 3,934,452 | |
| Consumer Staples — 5.8% | | | | | | | | |
| Altria Group | | | 1,366 | | | | 74,392 | |
| Archer-Daniels-Midland | | | 411 | | | | 22,691 | |
| Brown-Forman, Cl B | | | 155 | | | | 6,825 | |
| Bunge Global | | | 136 | | | | 11,427 | |
| Campbell Soup | | | 169 | | | | 7,884 | |
| Church & Dwight | | | 216 | | | | 21,581 | |
| Clorox | | | 97 | | | | 15,379 | |
| Coca-Cola | | | 3,143 | | | | 205,269 | |
| Colgate-Palmolive | | | 651 | | | | 61,005 | |
| Conagra Brands | | | 404 | | | | 11,692 | |
| Constellation Brands, Cl A | | | 133 | | | | 30,901 | |
| Costco Wholesale | | | 363 | | | | 317,327 | |
| Dollar General | | | 199 | | | | 15,928 | |
| Dollar Tree * | | | 194 | | | | 12,540 | |
| Estee Lauder, Cl A | | | 206 | | | | 14,202 | |
| General Mills | | | 467 | | | | 31,765 | |
| Hershey | | | 131 | | | | 23,263 | |
| Hormel Foods | | | 238 | | | | 7,271 | |
| J M Smucker | | | 86 | | | | 9,762 | |
| Kellanova | | | 221 | | | | 17,824 | |
| Kenvue | | | 1,606 | | | | 36,826 | |
| Keurig Dr Pepper | | | 883 | | | | 29,095 | |
| Kimberly-Clark | | | 262 | | | | 35,155 | |
| Kraft Heinz | | | 671 | | | | 22,452 | |
| Kroger | | | 520 | | | | 29,000 | |
The accompanying notes are an integral part of the financial statements.
55
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Risk Managed Income ETF |
| | | Shares | | | Value |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Staples — continued | | | | | | | | |
| Lamb Weston Holdings | | | 138 | | | $ | 10,721 | |
| McCormick | | | 213 | | | | 16,665 | |
| Molson Coors Beverage, Cl B | | | 158 | | | | 8,606 | |
| Mondelez International, Cl A | | | 1,068 | | | | 73,137 | |
| Monster Beverage * | | | 596 | | | | 31,397 | |
| PepsiCo | | | 1,109 | | | | 184,183 | |
| Philip Morris International | | | 1,256 | | | | 166,671 | |
| Procter & Gamble | | | 1,911 | | | | 315,659 | |
| Sysco | | | 424 | | | | 31,779 | |
| Target | | | 384 | | | | 57,615 | |
| Tyson Foods, Cl A | | | 238 | | | | 13,944 | |
| Walgreens Boots Alliance | | | 597 | | | | 5,648 | |
| Walmart | | | 3,527 | | | | 289,038 | |
| | | | | | | | 2,276,519 | |
| Energy — 3.3% | | | | | | | | |
| APA | | | 296 | | | | 6,986 | |
| Baker Hughes, Cl A | | | 832 | | | | 31,682 | |
| Chevron | | | 1,382 | | | | 205,669 | |
| ConocoPhillips | | | 969 | | | | 106,144 | |
| Coterra Energy | | | 605 | | | | 14,472 | |
| Devon Energy | | | 533 | | | | 20,616 | |
| Diamondback Energy | | | 149 | | | | 26,339 | |
| EOG Resources | | | 450 | | | | 54,882 | |
| EQT | | | 468 | | | | 17,101 | |
| Exxon Mobil | | | 3,610 | | | | 421,576 | |
| Halliburton | | | 753 | | | | 20,888 | |
| Hess | | | 214 | | | | 28,779 | |
| Kinder Morgan | | | 1,623 | | | | 39,780 | |
| Marathon Oil | | | 444 | | | | 12,299 | |
| Marathon Petroleum | | | 270 | | | | 39,277 | |
| Occidental Petroleum | | | 574 | | | | 28,763 | |
| ONEOK | | | 485 | | | | 46,987 | |
| Phillips 66 | | | 334 | | | | 40,688 | |
| Schlumberger | | | 1,128 | | | | 45,199 | |
| Targa Resources | | | 171 | | | | 28,550 | |
| Valero Energy | | | 269 | | | | 34,905 | |
| Williams | | | 969 | | | | 50,746 | |
| | | | | | | | 1,322,328 | |
The accompanying notes are an integral part of the financial statements.
56
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Risk Managed Income ETF |
| | | Shares | | | Value |
| COMMON STOCK — continued | | | | | | | | |
| Financials — 13.3% | | | | | | | | |
| Aflac | | | 414 | | | $ | 43,383 | |
| Allstate | | | 216 | | | | 40,288 | |
| American Express | | | 463 | | | | 125,047 | |
| American International Group | | | 511 | | | | 38,775 | |
| Ameriprise Financial | | | 76 | | | | 38,783 | |
| Aon PLC, Cl A | | | 181 | | | | 66,404 | |
| Arch Capital Group * | | | 299 | | | | 29,469 | |
| Arthur J Gallagher | | | 182 | | | | 51,178 | |
| Assurant | | | 35 | | | | 6,710 | |
| Bank of America | | | 5,472 | | | | 228,839 | |
| Bank of New York Mellon | | | 584 | | | | 44,010 | |
| Berkshire Hathaway, Cl B * | | | 1,490 | | | | 671,871 | |
| BlackRock Funding | | | 116 | | | | 113,800 | |
| Blackstone | | | 581 | | | | 97,463 | |
| Brown & Brown | | | 195 | | | | 20,405 | |
| Capital One Financial | | | 312 | | | | 50,791 | |
| Cboe Global Markets | | | 86 | | | | 18,367 | |
| Charles Schwab | | | 1,200 | | | | 84,996 | |
| Chubb | | | 304 | | | | 85,862 | |
| Cincinnati Financial | | | 121 | | | | 17,040 | |
| Citigroup | | | 1,579 | | | | 101,324 | |
| Citizens Financial Group | | | 407 | | | | 17,143 | |
| CME Group, Cl A | | | 298 | | | | 67,157 | |
| Corpay * | | | 51 | | | | 16,816 | |
| Discover Financial Services | | | 195 | | | | 28,944 | |
| Erie Indemnity, Cl A | | | 18 | | | | 8,079 | |
| Everest Group | | | 32 | | | | 11,380 | |
| FactSet Research Systems | | | 28 | | | | 12,714 | |
| Fidelity National Information Services | | | 462 | | | | 41,455 | |
| Fifth Third Bancorp | | | 586 | | | | 25,597 | |
| Fiserv * | | | 473 | | | | 93,607 | |
| Franklin Resources | | | 243 | | | | 5,047 | |
| Global Payments | | | 193 | | | | 20,016 | |
| Globe Life | | | 58 | | | | 6,125 | |
| Goldman Sachs Group | | | 259 | | | | 134,108 | |
| Hartford Financial Services Group | | | 226 | | | | 24,959 | |
| Huntington Bancshares | | | 1,231 | | | | 19,191 | |
| Intercontinental Exchange | | | 458 | | | | 71,389 | |
| Invesco | | | 377 | | | | 6,537 | |
The accompanying notes are an integral part of the financial statements.
57
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Risk Managed Income ETF |
| | | Shares | | | Value |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| Jack Henry & Associates | | | 52 | | | $ | 9,460 | |
| JPMorgan Chase | | | 2,314 | | | | 513,523 | |
| KeyCorp | | | 799 | | | | 13,783 | |
| KKR | | | 543 | | | | 75,064 | |
| Loews | | | 149 | | | | 11,765 | |
| M&T Bank | | | 149 | | | | 29,007 | |
| MarketAxess Holdings | | | 29 | | | | 8,393 | |
| Marsh & McLennan | | | 408 | | | | 89,042 | |
| Mastercard, Cl A | | | 668 | | | | 333,726 | |
| MetLife | | | 500 | | | | 39,210 | |
| Moody’s | | | 135 | | | | 61,295 | |
| Morgan Stanley | | | 1,006 | | | | 116,948 | |
| MSCI, Cl A | | | 60 | | | | 34,272 | |
| Nasdaq | | | 340 | | | | 25,133 | |
| Northern Trust | | | 182 | | | | 18,295 | |
| PayPal Holdings * | | | 843 | | | | 66,850 | |
| PNC Financial Services Group | | | 334 | | | | 62,882 | |
| Principal Financial Group | | | 193 | | | | 15,903 | |
| Progressive | | | 482 | | | | 117,044 | |
| Prudential Financial | | | 292 | | | | 35,764 | |
| Raymond James Financial | | | 143 | | | | 21,195 | |
| Regions Financial | | | 744 | | | | 17,759 | |
| S&P Global | | | 262 | | | | 125,854 | |
| State Street | | | 241 | | | | 22,365 | |
| Synchrony Financial | | | 301 | | | | 16,597 | |
| T Rowe Price Group | | | 198 | | | | 21,752 | |
| Travelers | | | 188 | | | | 46,237 | |
| Truist Financial | | | 1,121 | | | | 48,259 | |
| US Bancorp | | | 1,243 | | | | 60,049 | |
| Visa, Cl A | | | 1,353 | | | | 392,167 | |
| W R Berkley | | | 238 | | | | 13,606 | |
| Wells Fargo | | | 2,752 | | | | 178,660 | |
| Willis Towers Watson PLC | | | 76 | | | | 22,966 | |
| | | | | | | | 5,249,894 | |
| Health Care — 11.1% | | | | | | | | |
| Abbott Laboratories | | | 1,410 | | | | 159,852 | |
| AbbVie | | | 1,435 | | | | 292,553 | |
| Agilent Technologies | | | 226 | | | | 29,450 | |
The accompanying notes are an integral part of the financial statements.
58
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Risk Managed Income ETF |
| | | Shares | | | Value |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| Align Technology * | | | 53 | | | $ | 10,867 | |
| Amgen | | | 433 | | | | 138,629 | |
| Baxter International | | | 430 | | | | 15,351 | |
| Becton Dickinson | | | 242 | | | | 56,529 | |
| Biogen * | | | 115 | | | | 20,010 | |
| Bio-Techne | | | 144 | | | | 10,620 | |
| Boston Scientific * | | | 1,224 | | | | 102,840 | |
| Bristol-Myers Squibb | | | 1,628 | | | | 90,794 | |
| Cardinal Health | | | 215 | | | | 23,332 | |
| Catalent * | | | 157 | | | | 9,200 | |
| Cencora | | | 153 | | | | 34,896 | |
| Centene * | | | 451 | | | | 28,079 | |
| Charles River Laboratories International * | | | 34 | | | | 6,072 | |
| Cigna Group | | | 230 | | | | 72,406 | |
| Cooper * | | | 165 | | | | 17,272 | |
| CVS Health | | | 1,003 | | | | 56,629 | |
| Danaher | | | 515 | | | | 126,515 | |
| DaVita * | | | 43 | | | | 6,012 | |
| Dexcom * | | | 350 | | | | 24,668 | |
| Edwards Lifesciences * | | | 505 | | | | 33,840 | |
| Elevance Health | | | 193 | | | | 78,312 | |
| Eli Lilly | | | 641 | | | | 531,863 | |
| GE HealthCare Technologies | | | 361 | | | | 31,533 | |
| Gilead Sciences | | | 1,000 | | | | 88,820 | |
| HCA Healthcare | | | 157 | | | | 56,322 | |
| Henry Schein * | | | 113 | | | | 7,936 | |
| Hologic * | | | 202 | | | | 16,336 | |
| Humana | | | 91 | | | | 23,463 | |
| IDEXX Laboratories * | | | 63 | | | | 25,636 | |
| Incyte * | | | 141 | | | | 10,451 | |
| Insulet * | | | 54 | | | | 12,503 | |
| Intuitive Surgical * | | | 289 | | | | 145,610 | |
| IQVIA Holdings * | | | 146 | | | | 30,050 | |
| Johnson & Johnson | | | 1,952 | | | | 312,047 | |
| Labcorp Holdings | | | 65 | | | | 14,838 | |
| McKesson | | | 114 | | | | 57,067 | |
| Medtronic PLC | | | 1,062 | | | | 94,783 | |
| Merck | | | 2,056 | | | | 210,370 | |
| Mettler-Toledo International * | | | 16 | | | | 20,668 | |
The accompanying notes are an integral part of the financial statements.
59
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Risk Managed Income ETF |
| | | Shares | | | Value |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| Moderna * | | | 291 | | | $ | 15,819 | |
| Molina Healthcare * | | | 43 | | | | 13,812 | |
| Pfizer | | | 4,573 | | | | 129,416 | |
| Quest Diagnostics | | | 85 | | | | 13,161 | |
| Regeneron Pharmaceuticals * | | | 87 | | | | 72,923 | |
| ResMed | | | 131 | | | | 31,764 | |
| Revvity | | | 104 | | | | 12,333 | |
| Solventum * | | | 135 | | | | 9,798 | |
| STERIS PLC | | | 75 | | | | 16,639 | |
| Stryker | | | 279 | | | | 99,402 | |
| Teleflex | | | 32 | | | | 6,434 | |
| Thermo Fisher Scientific | | | 305 | | | | 166,628 | |
| UnitedHealth Group | | | 755 | | | | 426,197 | |
| Universal Health Services, Cl B | | | 46 | | | | 9,398 | |
| Vertex Pharmaceuticals * | | | 214 | | | | 101,860 | |
| Viatris | | | 1,007 | | | | 11,681 | |
| Waters * | | | 46 | | | | 14,863 | |
| West Pharmaceutical Services | | | 54 | | | | 16,628 | |
| Zimmer Biomet Holdings | | | 186 | | | | 19,887 | |
| Zoetis, Cl A | | | 377 | | | | 67,400 | |
| | | | | | | | 4,391,067 | |
| Industrials — 8.5% | | | | | | | | |
| 3M | | | 436 | | | | 56,013 | |
| A O Smith | | | 95 | | | | 7,135 | |
| Allegion PLC | | | 57 | | | | 7,959 | |
| Amentum Holdings * | | | 107 | | | | 3,182 | |
| AMETEK | | | 196 | | | | 35,935 | |
| Automatic Data Processing | | | 343 | | | | 99,209 | |
| Axon Enterprise * | | | 54 | | | | 22,869 | |
| Boeing * | | | 596 | | | | 88,989 | |
| Broadridge Financial Solutions | | | 87 | | | | 18,345 | |
| Builders FirstSource * | | | 98 | | | | 16,797 | |
| Carrier Global | | | 700 | | | | 50,904 | |
| Caterpillar | | | 393 | | | | 147,847 | |
| CH Robinson Worldwide | | | 88 | | | | 9,068 | |
| Cintas | | | 277 | | | | 57,009 | |
| Copart * | | | 742 | | | | 38,191 | |
| CSX | | | 1,543 | | | | 51,907 | |
The accompanying notes are an integral part of the financial statements.
60
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Risk Managed Income ETF |
| | | Shares | | | Value |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| Cummins | | | 118 | | | $ | 38,820 | |
| Dayforce * | | | 139 | | | | 9,862 | |
| Deere | | | 212 | | | | 85,794 | |
| Delta Air Lines | | | 493 | | | | 28,209 | |
| Dover | | | 117 | | | | 22,152 | |
| Eaton PLC | | | 325 | | | | 107,763 | |
| Emerson Electric | | | 467 | | | | 50,562 | |
| Equifax | | | 94 | | | | 24,912 | |
| Expeditors International of Washington | | | 118 | | | | 14,042 | |
| Fastenal | | | 481 | | | | 37,605 | |
| FedEx | | | 180 | | | | 49,293 | |
| Fortive | | | 281 | | | | 20,072 | |
| GE Vernova * | | | 225 | | | | 67,873 | |
| Generac Holdings * | | | 43 | | | | 7,119 | |
| General Dynamics | | | 206 | | | | 60,072 | |
| General Electric | | | 875 | | | | 150,307 | |
| Honeywell International | | | 529 | | | | 108,805 | |
| Howmet Aerospace | | | 353 | | | | 35,201 | |
| Hubbell, Cl B | | | 40 | | | | 17,081 | |
| Huntington Ingalls Industries | | | 27 | | | | 4,994 | |
| IDEX | | | 59 | | | | 12,664 | |
| Illinois Tool Works | | | 214 | | | | 55,882 | |
| Ingersoll Rand | | | 346 | | | | 33,216 | |
| Jacobs Solutions | | | 107 | | | | 15,042 | |
| JB Hunt Transport Services | | | 60 | | | | 10,837 | |
| Johnson Controls International | | | 530 | | | | 40,041 | |
| L3Harris Technologies | | | 151 | | | | 37,368 | |
| Leidos Holdings | | | 120 | | | | 21,979 | |
| Lockheed Martin | | | 172 | | | | 93,921 | |
| Masco | | | 188 | | | | 15,023 | |
| Nordson | | | 39 | | | | 9,668 | |
| Norfolk Southern | | | 187 | | | | 46,830 | |
| Northrop Grumman | | | 120 | | | | 61,082 | |
| Old Dominion Freight Line | | | 154 | | | | 31,003 | |
| Otis Worldwide | | | 347 | | | | 34,075 | |
| PACCAR | | | 441 | | | | 45,987 | |
| Parker-Hannifin | | | 105 | | | | 66,577 | |
| Paychex | | | 258 | | | | 35,947 | |
| Paycom Software | | | 38 | | | | 7,943 | |
The accompanying notes are an integral part of the financial statements.
61
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Risk Managed Income ETF |
| | | Shares | | | Value |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| Pentair PLC | | | 138 | | | $ | 13,679 | |
| Quanta Services | | | 126 | | | | 38,005 | |
| Republic Services, Cl A | | | 161 | | | | 31,878 | |
| Rockwell Automation | | | 89 | | | | 23,737 | |
| Rollins | | | 241 | | | | 11,361 | |
| RTX | | | 1,072 | | | | 129,701 | |
| Snap-On | | | 36 | | | | 11,885 | |
| Southwest Airlines | | | 496 | | | | 15,168 | |
| Stanley Black & Decker | | | 141 | | | | 13,105 | |
| Textron | | | 158 | | | | 12,706 | |
| Trane Technologies PLC | | | 182 | | | | 67,369 | |
| TransDigm Group | | | 46 | | | | 59,906 | |
| Uber Technologies * | | | 1,694 | | | | 122,053 | |
| Union Pacific | | | 500 | | | | 116,035 | |
| United Airlines Holdings * | | | 277 | | | | 21,678 | |
| United Parcel Service, Cl B | | | 588 | | | | 78,827 | |
| United Rentals | | | 51 | | | | 41,453 | |
| Veralto | | | 194 | | | | 19,825 | |
| Verisk Analytics, Cl A | | | 122 | | | | 33,516 | |
| Waste Management | | | 301 | | | | 64,971 | |
| Westinghouse Air Brake Technologies | | | 146 | | | | 27,445 | |
| WW Grainger | | | 34 | | | | 37,714 | |
| Xylem | | | 212 | | | | 25,817 | |
| | | | | | | | 3,344,816 | |
| Information Technology — 30.9% | | | | | | | | |
| Adobe * | | | 361 | | | | 172,587 | |
| Advanced Micro Devices * | | | 1,309 | | | | 188,588 | |
| Akamai Technologies * | | | 140 | | | | 14,151 | |
| Amphenol, Cl A | | | 964 | | | | 64,607 | |
| Analog Devices | | | 412 | | | | 91,921 | |
| ANSYS * | | | 66 | | | | 21,147 | |
| Apple | | | 12,398 | | | | 2,800,832 | |
| Applied Materials | | | 684 | | | | 124,201 | |
| Arista Networks * | | | 213 | | | | 82,312 | |
| Autodesk * | | | 179 | | | | 50,800 | |
| Broadcom | | | 3,789 | | | | 643,259 | |
| Cadence Design Systems * | | | 230 | | | | 63,508 | |
| CDW | | | 115 | | | | 21,646 | |
The accompanying notes are an integral part of the financial statements.
62
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Risk Managed Income ETF |
| | | Shares | | | Value |
| COMMON STOCK — continued | | | | | | | | |
| Information Technology — continued | | | | | | | | |
| Cisco Systems | | | 3,264 | | | $ | 178,769 | |
| Cognizant Technology Solutions, Cl A | | | 423 | | | | 31,552 | |
| Corning | | | 597 | | | | 28,411 | |
| Crowdstrike Holdings, Cl A * | | | 185 | | | | 54,921 | |
| Dell Technologies, Cl C | | | 232 | | | | 28,682 | |
| Enphase Energy * | | | 113 | | | | 9,384 | |
| EPAM Systems * | | | 45 | | | | 8,489 | |
| F5 * | | | 41 | | | | 9,589 | |
| Fair Isaac * | | | 19 | | | | 37,869 | |
| First Solar * | | | 87 | | | | 16,920 | |
| Fortinet * | | | 496 | | | | 39,015 | |
| Gartner * | | | 59 | | | | 29,647 | |
| Gen Digital | | | 428 | | | | 12,459 | |
| GoDaddy, Cl A * | | | 124 | | | | 20,683 | |
| Hewlett Packard Enterprise | | | 1,098 | | | | 21,400 | |
| HP | | | 745 | | | | 26,462 | |
| Intel | | | 3,420 | | | | 73,598 | |
| International Business Machines | | | 749 | | | | 154,833 | |
| Intuit | | | 225 | | | | 137,317 | |
| Jabil | | | 84 | | | | 10,340 | |
| Juniper Networks | | | 266 | | | | 10,347 | |
| Keysight Technologies * | | | 136 | | | | 20,265 | |
| KLA | | | 112 | | | | 74,618 | |
| Lam Research | | | 1,043 | | | | 77,547 | |
| Microchip Technology | | | 452 | | | | 33,163 | |
| Micron Technology | | | 912 | | | | 90,881 | |
| Microsoft | | | 6,062 | | | | 2,463,294 | |
| Monolithic Power Systems | | | 37 | | | | 28,094 | |
| Motorola Solutions | | | 142 | | | | 63,808 | |
| NetApp | | | 158 | | | | 18,219 | |
| NVIDIA | | | 20,064 | | | | 2,663,697 | |
| ON Semiconductor * | | | 372 | | | | 26,222 | |
| Oracle | | | 1,294 | | | | 217,185 | |
| Palantir Technologies, Cl A * | | | 1,661 | | | | 69,031 | |
| Palo Alto Networks * | | | 258 | | | | 92,965 | |
| PTC * | | | 102 | | | | 18,904 | |
| Qorvo * | | | 73 | | | | 5,202 | |
| QUALCOMM | | | 897 | | | | 146,005 | |
| Roper Technologies | | | 82 | | | | 44,094 | |
The accompanying notes are an integral part of the financial statements.
63
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Risk Managed Income ETF |
| | | Shares | | | Value |
| COMMON STOCK — continued | | | | | | | | |
| Information Technology — continued | | | | | | | | |
| Salesforce | | | 788 | | | $ | 229,600 | |
| Seagate Technology Holdings | | | 163 | | | | 16,360 | |
| ServiceNow * | | | 168 | | | | 156,742 | |
| Skyworks Solutions | | | 147 | | | | 12,874 | |
| Super Micro Computer * | | | 408 | | | | 11,877 | |
| Synopsys * | | | 132 | | | | 67,797 | |
| Teledyne Technologies * | | | 35 | | | | 15,936 | |
| Teradyne | | | 142 | | | | 15,082 | |
| Texas Instruments | | | 742 | | | | 150,745 | |
| Trimble * | | | 206 | | | | 12,463 | |
| Tyler Technologies * | | | 32 | | | | 19,379 | |
| VeriSign * | | | 69 | | | | 12,202 | |
| Western Digital * | | | 276 | | | | 18,026 | |
| Zebra Technologies, Cl A * | | | 36 | | | | 13,751 | |
| | | | | | | | 12,186,274 | |
| Materials — 2.2% | | | | | | | | |
| Air Products & Chemicals | | | 185 | | | | 57,448 | |
| Albemarle | | | 88 | | | | 8,336 | |
| Amcor PLC | | | 1,221 | | | | 13,590 | |
| Avery Dennison | | | 64 | | | | 13,250 | |
| Ball | | | 257 | | | | 15,227 | |
| Celanese, Cl A | | | 81 | | | | 10,204 | |
| CF Industries Holdings | | | 150 | | | | 12,334 | |
| Corteva | | | 588 | | | | 35,821 | |
| Dow | | | 547 | | | | 27,011 | |
| DuPont de Nemours | | | 356 | | | | 29,544 | |
| Eastman Chemical | | | 89 | | | | 9,353 | |
| Ecolab | | | 201 | | | | 49,392 | |
| FMC | | | 100 | | | | 6,499 | |
| Freeport-McMoRan | | | 1,146 | | | | 51,593 | |
| International Flavors & Fragrances | | | 222 | | | | 22,073 | |
| International Paper | | | 269 | | | | 14,940 | |
| Linde PLC | | | 390 | | | | 177,898 | |
| LyondellBasell Industries, Cl A | | | 223 | | | | 19,368 | |
| Martin Marietta Materials | | | 46 | | | | 27,248 | |
| Mosaic | | | 262 | | | | 7,011 | |
| Newmont | | | 907 | | | | 41,214 | |
| Nucor | | | 202 | | | | 28,652 | |
The accompanying notes are an integral part of the financial statements.
64
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Risk Managed Income ETF |
| | | Shares | | | Value |
| COMMON STOCK — continued | | | | | | | | |
| Materials — continued | | | | | | | | |
| Packaging Corp of America | | | 65 | | | $ | 14,881 | |
| PPG Industries | | | 180 | | | | 22,412 | |
| Sherwin-Williams | | | 193 | | | | 69,243 | |
| Smurfit WestRock | | | 438 | | | | 22,557 | |
| Steel Dynamics | | | 119 | | | | 15,530 | |
| Vulcan Materials | | | 114 | | | | 31,228 | |
| | | | | | | | 853,857 | |
| Real Estate — 2.3% | | | | | | | | |
| Alexandria Real Estate Equities † | | | 146 | | | | 16,286 | |
| American Tower † | | | 389 | | | | 83,067 | |
| AvalonBay Communities † | | | 113 | | | | 25,042 | |
| BXP † | | | 130 | | | | 10,473 | |
| Camden Property Trust † | | | 87 | | | | 10,074 | |
| CBRE Group, Cl A * | | | 253 | | | | 33,135 | |
| CoStar Group * | | | 347 | | | | 25,258 | |
| Crown Castle † | | | 344 | | | | 36,977 | |
| Digital Realty Trust † | | | 249 | | | | 44,379 | |
| Equinix † | | | 73 | | | | 66,290 | |
| Equity Residential † | | | 292 | | | | 20,548 | |
| Essex Property Trust † | | | 50 | | | | 14,193 | |
| Extra Space Storage † | | | 166 | | | | 27,108 | |
| Federal Realty Investment Trust † | | | 50 | | | | 5,542 | |
| Healthpeak Properties † | | | 597 | | | | 13,403 | |
| Host Hotels & Resorts † | | | 596 | | | | 10,275 | |
| Invitation Homes † | | | 493 | | | | 15,485 | |
| Iron Mountain † | | | 251 | | | | 31,056 | |
| Kimco Realty † | | | 569 | | | | 13,497 | |
| Mid-America Apartment Communities † | | | 90 | | | | 13,621 | |
| ProLogis † | | | 772 | | | | 87,190 | |
| Public Storage † | | | 135 | | | | 44,423 | |
| Realty Income † | | | 734 | | | | 43,578 | |
| Regency Centers † | | | 145 | | | | 10,359 | |
| SBA Communications, Cl A † | | | 88 | | | | 20,193 | |
| Simon Property Group † | | | 248 | | | | 41,942 | |
| UDR † | | | 250 | | | | 10,547 | |
| Ventas † | | | 359 | | | | 23,511 | |
| VICI Properties, Cl A † | | | 882 | | | | 28,012 | |
| Welltower † | | | 473 | | | | 63,798 | |
The accompanying notes are an integral part of the financial statements.
65
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Risk Managed Income ETF |
| | | Shares | | | Value |
| COMMON STOCK — continued | | | | | | | | |
| Real Estate — continued | | | | | | | | |
| Weyerhaeuser † | | | 638 | | | $ | 19,880 | |
| | | | | | | | 909,142 | |
| Utilities — 2.5% | | | | | | | | |
| AES | | | 600 | | | | 9,894 | |
| Alliant Energy | | | 215 | | | | 12,900 | |
| Ameren | | | 224 | | | | 19,513 | |
| American Electric Power | | | 442 | | | | 43,648 | |
| American Water Works | | | 151 | | | | 20,855 | |
| Atmos Energy | | | 140 | | | | 19,429 | |
| CenterPoint Energy | | | 529 | | | | 15,621 | |
| CMS Energy | | | 248 | | | | 17,263 | |
| Consolidated Edison | | | 294 | | | | 29,894 | |
| Constellation Energy | | | 248 | | | | 65,214 | |
| Dominion Energy | | | 706 | | | | 42,028 | |
| DTE Energy | | | 184 | | | | 22,856 | |
| Duke Energy | | | 618 | | | | 71,237 | |
| Edison International | | | 302 | | | | 24,885 | |
| Entergy | | | 188 | | | | 29,099 | |
| Evergy | | | 195 | | | | 11,786 | |
| Eversource Energy | | | 289 | | | | 19,031 | |
| Exelon | | | 850 | | | | 33,405 | |
| FirstEnergy | | | 437 | | | | 18,280 | |
| NextEra Energy | | | 1,659 | | | | 131,476 | |
| NiSource | | | 381 | | | | 13,396 | |
| NRG Energy | | | 171 | | | | 15,458 | |
| PG&E | | | 1,819 | | | | 36,780 | |
| Pinnacle West Capital | | | 85 | | | | 7,464 | |
| PPL | | | 643 | | | | 20,936 | |
| Public Service Enterprise Group | | | 391 | | | | 34,959 | |
| Sempra | | | 495 | | | | 41,268 | |
| Southern | | | 874 | | | | 79,560 | |
| Vistra | | | 266 | | | | 33,239 | |
| WEC Energy Group | | | 272 | | | | 25,984 | |
| Xcel Energy | | | 467 | | | | 31,200 | |
| | | | | | | | 998,558 | |
| TOTAL UNITED STATES | | | | | | | 39,043,871 | |
TOTAL COMMON STOCK
(Cost $30,452,433) | | | | | | | 39,301,982 | |
The accompanying notes are an integral part of the financial statements.
66
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Risk Managed Income ETF |
| | | Value |
PURCHASED OPTIONS — 0.9%
(Cost $163,484) | | $ | 334,488 | |
TOTAL INVESTMENTS — 100.5%
(Cost $30,615,917) | | $ | 39,636,470 | |
| | | | | |
WRITTEN OPTIONS — (0.6)%
(Premiums Received $(731,785)) | | $ | (219,888 | ) |
Percentages are based on Net Assets of $39,446,051.
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 — 0.9% | | | | | | | | | | | | | | | | | | |
| Put Options | | | | | | | | | | | | | | | | | | |
| Mini-SPX Index | | | 8 | | | $ | 456,432 | | | $ | 556 | | | 11/15/24 | | $ | 4,008 | |
| S&P 500 Index | | | 68 | | | | 38,797,060 | | | | 5,565 | | | 11/15/24 | | | 330,480 | |
| | | | | | | | | | | | | | | | | | | |
| Total Purchased Options | | | | | | $ | 39,253,492 | | | | | | | | | $ | 334,488 | |
| | | | | | | | | | | | | | | | | | | |
| WRITTEN OPTIONS — (0.6)% | | | | | | | | | | | | | | | | | | |
| Call Options | | | | | | | | | | | | | | | | | | |
| Mini-SPX Index | | | (8 | ) | | $ | (456,432 | ) | | $ | 585 | | | 11/15/24 | | $ | (1,948 | ) |
| S&P 500 Index | | | (68 | ) | | | (38,797,060 | ) | | | 5,855 | | | 11/15/24 | | | (217,940 | ) |
| | | | | | | | | | | | | | | | | | | |
| Total Written Options | | | | | | $ | (39,253,492 | ) | | | | | | | | $ | (219,888 | ) |
| * | 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 $39,267,507. |
The accompanying notes are an integral part of the financial statements.
67
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500® Risk Managed Income 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 | | $ | 39,301,982 | | | $ | — | | | $ | — | | | $ | 39,301,982 | |
| Purchased Options | | | 334,488 | | | | — | | | | — | | | | 334,488 | |
| Total Investments in Securities | | $ | 39,636,470 | | | $ | — | | | $ | — | | | $ | 39,636,470 | |
| | | | | | | | | | | | | | | | | |
| Other Financial Instruments | | | Level 1 | | | | Level 2 | | | | Level 3 | | | | Total | |
| Written Options | | $ | (219,888 | ) | | $ | — | | | $ | — | | | $ | (219,888 | ) |
| Total Other Financial Instruments | | $ | (219,888 | ) | | $ | — | | | $ | — | | | $ | (219,888 | ) |
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.
68
| Schedule of Investments | October 31, 2024 |
| Global X Dow 30® Covered Call ETF |
| | | Shares | | | Value |
| COMMON STOCK(A) — 101.3% | | | | | | | | |
| UNITED STATES — 101.3% | | | | | | | | |
| Communication Services — 2.2% | | | | | | | | |
| Verizon Communications | | | 14,460 | | | $ | 609,200 | |
| Walt Disney | | | 14,460 | | | | 1,391,052 | |
| | | | | | | | 2,000,252 | |
| Consumer Discretionary — 15.1% | | | | | | | | |
| Amazon.com * | | | 14,460 | | | | 2,695,344 | |
| Home Depot | | | 14,460 | | | | 5,693,625 | |
| McDonald’s | | | 14,460 | | | | 4,223,911 | |
| NIKE, Cl B | | | 14,460 | | | | 1,115,300 | |
| | | | | | | | 13,728,180 | |
| Consumer Staples — 5.0% | | | | | | | | |
| Coca-Cola | | | 14,460 | | | | 944,382 | |
| Procter & Gamble | | | 14,460 | | | | 2,388,503 | |
| Walmart | | | 14,460 | | | | 1,184,997 | |
| | | | | | | | 4,517,882 | |
| Energy — 2.4% | | | | | | | | |
| Chevron | | | 14,460 | | | | 2,151,937 | |
| | | | | | | | | |
| Financials — 24.6% | | | | | | | | |
| American Express | | | 14,460 | | | | 3,905,357 | |
| Goldman Sachs Group | | | 14,460 | | | | 7,487,244 | |
| JPMorgan Chase | | | 14,460 | | | | 3,208,963 | |
| Travelers | | | 14,460 | | | | 3,556,292 | |
| Visa, Cl A | | | 14,460 | | | | 4,191,231 | |
| | | | | | | | 22,349,087 | |
| Health Care — 18.3% | | | | | | | | |
| Amgen | | | 14,460 | | | | 4,629,513 | |
| Johnson & Johnson | | | 14,460 | | | | 2,311,576 | |
| Merck | | | 14,460 | | | | 1,479,547 | |
| UnitedHealth Group | | | 14,460 | | | | 8,162,670 | |
| | | | | | | | 16,583,306 | |
| Industrials — 13.7% | | | | | | | | |
| 3M | | | 14,460 | | | | 1,857,676 | |
| Boeing * | | | 14,460 | | | | 2,159,023 | |
The accompanying notes are an integral part of the financial statements.
69
| Schedule of Investments | October 31, 2024 |
| Global X Dow 30® Covered Call ETF |
| | | Shares | | | Value |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| Caterpillar | | | 14,460 | | | $ | 5,439,852 | |
| Honeywell International | | | 14,460 | | | | 2,974,133 | |
| | | | | | | | 12,430,684 | |
| Information Technology — 19.2% | | | | | | | | |
| Apple | | | 14,460 | | | | 3,266,659 | |
| Cisco Systems | | | 14,460 | | | | 791,974 | |
| Intel | | | 14,460 | | | | 311,179 | |
| International Business Machines | | | 14,460 | | | | 2,989,171 | |
| Microsoft | | | 14,460 | | | | 5,875,821 | |
| Salesforce | | | 14,460 | | | | 4,213,210 | |
| | | | | | | | 17,448,014 | |
| Materials — 0.8% | | | | | | | | |
| Dow | | | 14,460 | | | | 714,035 | |
| | | | | | | | | |
| TOTAL UNITED STATES | | | | | | | 91,923,377 | |
TOTAL COMMON STOCK
(Cost $71,963,447) | | | | | | | 91,923,377 | |
TOTAL INVESTMENTS — 101.3%
(Cost $71,963,447) | | | | | | $ | 91,923,377 | |
| | | | | | | | | |
WRITTEN OPTIONS— (1.4)%
(Premiums Received $(1,230,264)) | | | | | | $ | (1,256,200 | ) |
Percentages are based on Net Assets of $90,715,220.
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 |
| WRITTEN OPTIONS — (1.4)% | | | | | | | | | | | | | | | | |
| Call Options | | | | | | | | | | | | | | | | |
| Dow Jones Industrial Average | | (2,200) | | $ | (91,878,600 | ) | | $ | 435 | | | 11/15/24 | | $ | (1,256,200 | ) |
The accompanying notes are an integral part of the financial statements.
70
| Schedule of Investments | October 31, 2024 |
| Global X Dow 30® Covered Call ETF |
| * | 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 $91,033,386. |
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 | | $ | 91,923,377 | | | $ | — | | | $ | — | | | $ | 91,923,377 | |
| Total Investments in Securities | | $ | 91,923,377 | | | $ | — | | | $ | — | | | $ | 91,923,377 | |
| | | | | | | | | | | | | | | | | |
| Other Financial Instruments | | | Level 1 | | | | Level 2 | | | | Level 3 | | | | Total | |
| Written Options | | $ | (1,256,200 | ) | | $ | — | | | $ | — | | | $ | (1,256,200 | ) |
| Total Other Financial Instruments | | $ | (1,256,200 | ) | | $ | — | | | $ | — | | | $ | (1,256,200 | ) |
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.
71
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 Covered Call & Growth ETF |
| | | Shares | | | Value |
| EXCHANGE TRADED FUND — 100.4% | | | | | | |
| Global X Russell 2000 ETF (A)(B)(C) | | | 74,960 | | | $ | 6,442,062 | |
TOTAL EXCHANGE TRADED FUND
(Cost $5,947,112) | | | | | | | 6,442,062 | |
TOTAL INVESTMENTS — 100.4%
(Cost $5,947,112) | | | | | | $ | 6,442,062 | |
| | | | | | | | | |
WRITTEN OPTIONS— (0.6)%
(Premiums Received $(92,889)) | | | | | | $ | (37,318 | ) |
Percentages are based on Net Assets of $6,413,345.
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 |
| WRITTEN OPTIONS — (0.6)% | | | | | | | | | | | | | | |
| Call Options | | | | | | | | | | | | | | | | | | |
| Cboe Mini-Russell 2000 Index | | | (6 | ) | | $ | (131,799 | ) | | $ | 228 | | | 11/15/24 | | $ | (3,438 | ) |
| Russell 2000 Index | | | (14 | ) | | | (3,075,313 | ) | | | 2,280 | | | 11/15/24 | | | (33,880 | ) |
| | | | | | | | | | | | | | | | | | | |
| Total Written Options | | | | | | $ | (3,207,112 | ) | | | | | | | | $ | (37,318 | ) |
| (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 $4,391,534. |
| (B) | For financial information on the Global X Russell 2000 ETF, please go to the Fund’s website at https://www.globalxetfs.com/explore/. |
| (C) | Affiliated investment. |
The accompanying notes are an integral part of the financial statements.
72
| Schedule of Investments | October 31, 2024 |
| Global X Russell 2000 Covered Call & Growth 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 | |
| Exchange Traded Fund | | $ | 6,442,062 | | | $ | — | | | $ | — | | | $ | 6,442,062 | |
| Total Investments in Securities | | $ | 6,442,062 | | | $ | — | | | $ | — | | | $ | 6,442,062 | |
| | | | | | | | | | | | | | | | | |
| Other Financial Instruments | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Written Options | | $ | (37,318 | ) | | $ | — | | | $ | — | | | $ | (37,318 | ) |
| Total Other Financial Instruments | | $ | (37,318 | ) | | $ | — | | | $ | — | | | $ | (37,318 | ) |
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 | |
| Global X Russell 2000 ETF | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | — | | | $ | 7,803,578 | | | $ | (2,006,192 | ) | | $ | 494,950 | | | $ | 149,726 | | | $ | 6,442,062 | | | $ | 26,884 | | | $ | — | |
| Vanguard Russell 2000 ETF | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 8,317,256 | | | | 5,075,881 | | | | (15,440,532 | ) | | | 295,430 | | | | 1,751,965 | | | | — | | | | 101,746 | | | | — | |
| Totals: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 8,317,256 | | | $ | 12,879,459 | | | $ | (17,446,724 | ) | | $ | 790,380 | | | $ | 1,901,691 | | | $ | 6,442,062 | | | $ | 128,630 | | | $ | — | |
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.
73
| Schedule of Investments | October 31, 2024 |
| Global X Financials Covered Call & Growth ETF |
| | | Shares | | | Value | |
| EXCHANGE TRADED FUND — 53.6% | | | | | | | | |
| Financial Select Sector SPDR Fund (A)(B) | | | 41,340 | | | $ | 1,921,483 | |
TOTAL EXCHANGE TRADED FUND
(Cost $1,807,445) | | | | | | | 1,921,483 | |
| | | | | | | | | |
| COMMON STOCK — 46.7% | | | | | | | | |
| UNITED STATES — 46.7% | | | | | | | | |
| Financials — 46.7% | | | | | | | | |
| Aflac | | | 130 | | | | 13,623 | |
| Allstate | | | 67 | | | | 12,497 | |
| American Express | | | 146 | | | | 39,432 | |
| American International Group | | | 165 | | | | 12,520 | |
| Ameriprise Financial | | | 25 | | | | 12,757 | |
| Aon PLC, Cl A | | | 57 | | | | 20,912 | |
| Arch Capital Group * | | | 95 | | | | 9,363 | |
| Arthur J Gallagher | | | 56 | | | | 15,747 | |
| Assurant | | | 12 | | | | 2,300 | |
| Bank of America | | | 1,754 | | | | 73,352 | |
| Bank of New York Mellon | | | 188 | | | | 14,168 | |
| Berkshire Hathaway, Cl B * | | | 477 | | | | 215,089 | |
| BlackRock Funding | | | 36 | | | | 35,317 | |
| Blackstone | | | 187 | | | | 31,369 | |
| Brown & Brown | | | 65 | | | | 6,802 | |
| Capital One Financial | | | 97 | | | | 15,791 | |
| Cboe Global Markets | | | 28 | | | | 5,980 | |
| Charles Schwab | | | 389 | | | | 27,553 | |
| Chubb | | | 97 | | | | 27,397 | |
| Cincinnati Financial | | | 42 | | | | 5,915 | |
| Citigroup | | | 496 | | | | 31,828 | |
| Citizens Financial Group | | | 123 | | | | 5,181 | |
| CME Group, Cl A | | | 93 | | | | 20,958 | |
| Corpay * | | | 17 | | | | 5,605 | |
| Discover Financial Services | | | 68 | | | | 10,093 | |
| Erie Indemnity, Cl A | | | 5 | | | | 2,244 | |
| Everest Group | | | 12 | | | | 4,267 | |
| FactSet Research Systems | | | 11 | | | | 4,995 | |
| Fidelity National Information Services | | | 141 | | | | 12,652 | |
| Fifth Third Bancorp | | | 169 | | | | 7,382 | |
| Fiserv * | | | 149 | | | | 29,487 | |
| Franklin Resources | | | 82 | | | | 1,703 | |
| Global Payments | | | 69 | | | | 7,156 | |
The accompanying notes are an integral part of the financial statements.
74
| Schedule of Investments | | October 31, 2024 |
| Global X Financials Covered Call & Growth ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| Globe Life | | | 24 | | | $ | 2,534 | |
| Goldman Sachs Group | | | 82 | | | | 42,459 | |
| Hartford Financial Services Group | | | 75 | | | | 8,283 | |
| Huntington Bancshares | | | 393 | | | | 6,127 | |
| Intercontinental Exchange | | | 149 | | | | 23,225 | |
| Invesco | | | 129 | | | | 2,237 | |
| Jack Henry & Associates | | | 19 | | | | 3,457 | |
| JPMorgan Chase | | | 740 | | | | 164,221 | |
| KeyCorp | | | 222 | | | | 3,829 | |
| KKR | | | 175 | | | | 24,192 | |
| Loews | | | 50 | | | | 3,948 | |
| M&T Bank | | | 44 | | | | 8,566 | |
| MarketAxess Holdings | | | 10 | | | | 2,894 | |
| Marsh & McLennan | | | 129 | | | | 28,153 | |
| Mastercard, Cl A | | | 214 | | | | 106,912 | |
| MetLife | | | 151 | | | | 11,841 | |
| Moody’s | | | 40 | | | | 18,162 | |
| Morgan Stanley | | | 322 | | | | 37,432 | |
| MSCI, Cl A | | | 21 | | | | 11,995 | |
| Nasdaq | | | 105 | | | | 7,762 | |
| Northern Trust | | | 55 | | | | 5,529 | |
| PayPal Holdings * | | | 265 | | | | 21,014 | |
| PNC Financial Services Group | | | 104 | | | | 19,580 | |
| Principal Financial Group | | | 51 | | | | 4,202 | |
| Progressive | | | 151 | | | | 36,667 | |
| Prudential Financial | | | 91 | | | | 11,146 | |
| Raymond James Financial | | | 47 | | | | 6,966 | |
| Regions Financial | | | 248 | | | | 5,920 | |
| S&P Global | | | 83 | | | | 39,870 | |
| State Street | | | 75 | | | | 6,960 | |
| Synchrony Financial | | | 98 | | | | 5,404 | |
| T Rowe Price Group | | | 59 | | | | 6,482 | |
| Travelers | | | 57 | | | | 14,019 | |
| Truist Financial | | | 345 | | | | 14,852 | |
| US Bancorp | | | 405 | | | | 19,566 | |
| Visa, Cl A | | | 434 | | | | 125,795 | |
| W R Berkley | | | 78 | | | | 4,459 | |
| Wells Fargo | | | 887 | | | | 57,584 | |
The accompanying notes are an integral part of the financial statements.
75
| Schedule of Investments | | October 31, 2024 |
| Global X Financials Covered Call & Growth ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| Willis Towers Watson PLC | | | 26 | | | $ | 7,857 | |
| | | | | | | | | |
| TOTAL UNITED STATES | | | | | | | 1,673,536 | |
TOTAL COMMON STOCK
(Cost $1,554,029) | | | | | | | 1,673,536 | |
TOTAL INVESTMENTS — 100.3%
(Cost $3,361,474) | | | | | | $ | 3,595,019 | |
| | | | | | | | | |
WRITTEN OPTIONS— (0.4)%
(Premiums Received $(32,470)) | | | | | | $ | (15,287 | ) |
Percentages are based on Net Assets of $3,583,090.
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 | |
| WRITTEN OPTIONS — (0.4)% | | | | | | | | | | | | | | | | |
| Call Options | | | | | | | | | | | | | | | | |
| The Financial Select Sector SPDR® Fund | | (387) | | $ | (1,798,776 | ) | | $ | 48 | | | 11/15/24 | | $ | (15,287 | ) |
| * | 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 $1,798,776. |
| (B) | For financial information on the Financial Select Sector SPDR Fund, please go to the Fund’s website at https://www.ssga.com/us/en/intermediary. |
The accompanying notes are an integral part of the financial statements.
76
| Schedule of Investments | | October 31, 2024 |
| Global X Financials Covered Call & Growth 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 | |
| Exchange Traded Fund | | $ | 1,921,483 | | | $ | — | | | $ | — | | | $ | 1,921,483 | |
| Common Stock | | | 1,673,536 | | | | — | | | | — | | | | 1,673,536 | |
| Total Investments in Securities | | $ | 3,595,019 | | | $ | — | | | $ | — | | | $ | 3,595,019 | |
| | | | | | | | | | | | | | | | | |
| Other Financial Instruments | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Written Options | | $ | (15,287 | ) | | $ | — | | | $ | — | | | $ | (15,287 | ) |
| Total Other Financial Instruments | | $ | (15,287 | ) | | $ | — | | | $ | — | | | $ | (15,287 | ) |
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.
77
| Schedule of Investments | October 31, 2024 |
| Global X Health Care Covered Call & Growth ETF |
| | | Shares | | | Value | |
| EXCHANGE TRADED FUND — 52.7% | | | | | | |
| Health Care Select Sector SPDR Fund (A)(B) | | | 9,940 | | | $ | 1,459,888 | |
TOTAL EXCHANGE TRADED FUND
(Cost $1,336,921) | | | | | | | 1,459,888 | |
| | | | | | | | | |
| COMMON STOCK — 47.3% | | | | | | | | |
| UNITED STATES — 47.3% | | | | | | | | |
| Health Care — 47.3% | | | | | | | | |
| Abbott Laboratories | | | 425 | | | | 48,182 | |
| AbbVie | | | 431 | | | | 87,868 | |
| Agilent Technologies | | | 71 | | | | 9,252 | |
| Align Technology * | | | 17 | | | | 3,486 | |
| Amgen | | | 130 | | | | 41,621 | |
| Baxter International | | | 122 | | | | 4,355 | |
| Becton Dickinson | | | 70 | | | | 16,351 | |
| Biogen * | | | 35 | | | | 6,090 | |
| Bio-Techne | | | 38 | | | | 2,802 | |
| Boston Scientific * | | | 355 | | | | 29,827 | |
| Bristol-Myers Squibb | | | 491 | | | | 27,383 | |
| Cardinal Health | | | 60 | | | | 6,511 | |
| Catalent * | | | 44 | | | | 2,578 | |
| Cencora | | | 40 | | | | 9,123 | |
| Centene * | | | 129 | | | | 8,032 | |
| Charles River Laboratories International * | | | 12 | | | | 2,143 | |
| Cigna Group | | | 68 | | | | 21,407 | |
| Cooper * | | | 48 | | | | 5,025 | |
| CVS Health | | | 311 | | | | 17,559 | |
| Danaher | | | 158 | | | | 38,814 | |
| DaVita * | | | 11 | | | | 1,538 | |
| Dexcom * | | | 100 | | | | 7,048 | |
| Edwards Lifesciences * | | | 147 | | | | 9,850 | |
| Elevance Health | | | 57 | | | | 23,128 | |
| Eli Lilly | | | 192 | | | | 159,310 | |
| GE HealthCare Technologies | | | 105 | | | | 9,172 | |
| Gilead Sciences | | | 302 | | | | 26,824 | |
| HCA Healthcare | | | 46 | | | | 16,502 | |
| Henry Schein * | | | 32 | | | | 2,247 | |
| Hologic * | | | 59 | | | | 4,771 | |
| Humana | | | 30 | | | | 7,735 | |
| IDEXX Laboratories * | | | 20 | | | | 8,138 | |
| Incyte * | | | 44 | | | | 3,261 | |
The accompanying notes are an integral part of the financial statements.
78
| Schedule of Investments | October 31, 2024 |
| Global X Health Care Covered Call & Growth ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| Insulet * | | | 17 | | | $ | 3,936 | |
| Intuitive Surgical * | | | 87 | | | | 43,834 | |
| IQVIA Holdings * | | | 42 | | | | 8,644 | |
| Johnson & Johnson | | | 587 | | | | 93,838 | |
| Labcorp Holdings | | | 21 | | | | 4,794 | |
| McKesson | | | 32 | | | | 16,019 | |
| Medtronic PLC | | | 315 | | | | 28,114 | |
| Merck | | | 618 | | | | 63,234 | |
| Mettler-Toledo International * | | | 5 | | | | 6,459 | |
| Moderna * | | | 84 | | | | 4,566 | |
| Molina Healthcare * | | | 14 | | | | 4,497 | |
| Pfizer | | | 1,388 | | | | 39,280 | |
| Quest Diagnostics | | | 27 | | | | 4,180 | |
| Regeneron Pharmaceuticals * | | | 26 | | | | 21,793 | |
| ResMed | | | 36 | | | | 8,729 | |
| Revvity | | | 30 | | | | 3,558 | |
| Solventum * | | | 33 | | | | 2,395 | |
| STERIS PLC | | | 24 | | | | 5,324 | |
| Stryker | | | 82 | | | | 29,215 | |
| Teleflex | | | 11 | | | | 2,212 | |
| Thermo Fisher Scientific | | | 93 | | | | 50,808 | |
| UnitedHealth Group | | | 225 | | | | 127,013 | |
| Universal Health Services, Cl B | | | 15 | | | | 3,065 | |
| Vertex Pharmaceuticals * | | | 63 | | | | 29,987 | |
| Viatris | | | 291 | | | | 3,376 | |
| Waters * | | | 14 | | | | 4,524 | |
| West Pharmaceutical Services | | | 18 | | | | 5,543 | |
| Zimmer Biomet Holdings | | | 51 | | | | 5,453 | |
| Zoetis, Cl A | | | 111 | | | | 19,845 | |
| | | | | | | | | |
| TOTAL UNITED STATES | | | | | | | 1,312,168 | |
TOTAL COMMON STOCK
(Cost $1,203,711) | | | | | | | 1,312,168 | |
TOTAL INVESTMENTS — 100.0%
(Cost $2,540,632) | | | | | | $ | 2,772,056 | |
The accompanying notes are an integral part of the financial statements.
79
| Schedule of Investments | October 31, 2024 |
| Global X Health Care Covered Call & Growth ETF |
| | | Value | |
| WRITTEN OPTIONS— (0.1)% | | | |
| (Premiums Received $(24,224)) | | $ | (3,008 | ) |
| | | | | |
| Percentages are based on Net Assets of $2,771,327. | | | | |
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 |
| WRITTEN OPTIONS — (0.1)% | | | | | | | | | | | | | | | |
| Call Options | | | | | | | | | | | | | | | |
| The Health Care Select Sector SPDR® Fund | | | (94 | ) | | $ | (1,380,578 | ) | | $ | 153 | | | | 11/15/24 | | | $ | (3,008 | ) |
| * | 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 $1,380,578. |
| (B) | For financial information on the Health Care Select Sector SPDR Fund, please go to the Fund’s website at https://www.ssga.com/us/en/intermediary. |
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 | |
| Exchange Traded Fund | | $ | 1,459,888 | | | $ | — | | | $ | — | | | $ | 1,459,888 | |
| Common Stock | | | 1,312,168 | | | | — | | | | — | | | | 1,312,168 | |
| Total Investments in Securities | | $ | 2,772,056 | | | $ | — | | | $ | — | | | $ | 2,772,056 | |
| | | | | | | | | | | | | | | | | |
| Other Financial Instruments | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Written Options | | $ | (3,008 | ) | | $ | — | | | $ | — | | | $ | (3,008 | ) |
| Total Other Financial Instruments | | $ | (3,008 | ) | | $ | — | | | $ | — | | | $ | (3,008 | ) |
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.
80
| Schedule of Investments | October 31, 2024 |
| Global X Information Technology Covered Call & Growth ETF |
| | | Shares | | | Value | |
| EXCHANGE TRADED FUND — 54.1% | | | | | | |
| Technology Select Sector SPDR Fund (A)(B) | | | 20,458 | | | $ | 4,546,586 | |
TOTAL EXCHANGE TRADED FUND
(Cost $4,073,227) | | | | | | | 4,546,586 | |
| | | | | | | | | |
| COMMON STOCK — 46.4% | | | | | | | | |
| CHINA — 0.3% | | | | | | | | |
| Information Technology — 0.3% | | | | | | | | |
| NXP Semiconductors | | | 111 | | | | 26,030 | |
| | | | | | | | | |
| IRELAND — 1.1% | | | | | | | | |
| Information Technology — 1.1% | | | | | | | | |
| Accenture PLC, Cl A | | | 275 | | | | 94,825 | |
| | | | | | | | | |
| SWITZERLAND — 0.2% | | | | | | | | |
| Information Technology — 0.2% | | | | | | | | |
| TE Connectivity | | | 133 | | | | 19,607 | |
| | | | | | | | | |
| UNITED STATES — 44.8% | | | | | | | | |
| Information Technology — 44.8% | | | | | | | | |
| Adobe * | | | 194 | | | | 92,747 | |
| Advanced Micro Devices * | | | 711 | | | | 102,434 | |
| Akamai Technologies * | | | 66 | | | | 6,671 | |
| Amphenol, Cl A | | | 528 | | | | 35,387 | |
| Analog Devices | | | 218 | | | | 48,638 | |
| ANSYS * | | | 38 | | | | 12,176 | |
| Apple | | | 2,565 | | | | 579,459 | |
| Applied Materials | | | 364 | | | | 66,095 | |
| Arista Networks * | | | 113 | | | | 43,668 | |
| Autodesk * | | | 95 | | | | 26,961 | |
| Broadcom | | | 1,035 | | | | 175,712 | |
| Cadence Design Systems * | | | 120 | | | | 33,134 | |
| CDW | | | 58 | | | | 10,917 | |
| Cisco Systems | | | 1,771 | | | | 96,998 | |
| Cognizant Technology Solutions, Cl A | | | 216 | | | | 16,111 | |
| Corning | | | 335 | | | | 15,943 | |
| Crowdstrike Holdings, Cl A * | | | 101 | | | | 29,984 | |
| Dell Technologies, Cl C | | | 126 | | | | 15,577 | |
| Enphase Energy * | | | 59 | | | | 4,899 | |
The accompanying notes are an integral part of the financial statements.
81
| Schedule of Investments | October 31, 2024 |
| Global X Information Technology Covered Call & Growth ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | |
| Information Technology — continued | | | | | | |
| EPAM Systems * | | | 24 | | | $ | 4,528 | |
| F5 * | | | 24 | | | | 5,613 | |
| Fair Isaac * | | | 10 | | | | 19,931 | |
| First Solar * | | | 46 | | | | 8,946 | |
| Fortinet * | | | 278 | | | | 21,867 | |
| Gartner * | | | 33 | | | | 16,582 | |
| Gen Digital | | | 238 | | | | 6,928 | |
| GoDaddy, Cl A * | | | 62 | | | | 10,342 | |
| Hewlett Packard Enterprise | | | 572 | | | | 11,148 | |
| HP | | | 429 | | | | 15,238 | |
| Intel | | | 1,875 | | | | 40,350 | |
| International Business Machines | | | 404 | | | | 83,515 | |
| Intuit | | | 123 | | | | 75,067 | |
| Jabil | | | 50 | | | | 6,154 | |
| Juniper Networks | | | 144 | | | | 5,602 | |
| Keysight Technologies * | | | 77 | | | | 11,474 | |
| KLA | | | 59 | | | | 39,308 | |
| Lam Research | | | 572 | | | | 42,528 | |
| Microchip Technology | | | 235 | | | | 17,242 | |
| Micron Technology | | | 486 | | | | 48,430 | |
| Microsoft | | | 1,254 | | | | 509,563 | |
| Monolithic Power Systems | | | 21 | | | | 15,945 | |
| Motorola Solutions | | | 73 | | | | 32,803 | |
| NetApp | | | 89 | | | | 10,263 | |
| NVIDIA | | | 4,149 | | | | 550,821 | |
| ON Semiconductor * | | | 187 | | | | 13,182 | |
| Oracle | | | 703 | | | | 117,992 | |
| Palantir Technologies, Cl A * | | | 885 | | | | 36,781 | |
| Palo Alto Networks * | | | 142 | | | | 51,167 | |
| PTC * | | | 53 | | | | 9,822 | |
| Qorvo * | | | 41 | | | | 2,922 | |
| QUALCOMM | | | 489 | | | | 79,595 | |
| Roper Technologies | | | 47 | | | | 25,273 | |
| Salesforce | | | 426 | | | | 124,124 | |
| Seagate Technology Holdings | | | 91 | | | | 9,134 | |
| ServiceNow * | | | 90 | | | | 83,969 | |
| Skyworks Solutions | | | 69 | | | | 6,043 | |
| Super Micro Computer * | | | 218 | | | | 6,346 | |
| Synopsys * | | | 68 | | | | 34,925 | |
The accompanying notes are an integral part of the financial statements.
82
| Schedule of Investments | October 31, 2024 |
| Global X Information Technology Covered Call & Growth ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | |
| Information Technology — continued | | | | | | |
| Teledyne Technologies * | | | 21 | | | $ | 9,562 | |
| Teradyne | | | 71 | | | | 7,541 | |
| Texas Instruments | | | 401 | | | | 81,467 | |
| Trimble * | | | 107 | | | | 6,473 | |
| Tyler Technologies * | | | 19 | | | | 11,506 | |
| VeriSign * | | | 35 | | | | 6,189 | |
| Western Digital * | | | 141 | | | | 9,209 | |
| Zebra Technologies, Cl A * | | | 23 | | | | 8,785 | |
| | | | | | | | | |
| TOTAL UNITED STATES | | | | | | | 3,765,706 | |
TOTAL COMMON STOCK
(Cost $3,640,814) | | | | | | | 3,906,168 | |
TOTAL INVESTMENTS — 100.5%
(Cost $7,714,041) | | | | | | $ | 8,452,754 | |
| | | | | | | | | |
WRITTEN OPTIONS— (0.5)%
(Premiums Received $(141,647)) | | | | | | $ | (43,985 | ) |
Percentages are based on Net Assets of $8,414,315.
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 |
| WRITTEN OPTIONS — (0.5)% | | | | | | | | | | | | | | | | | | | | |
| Call Options | | | | | | | | | | | | | | | | | | | | |
| The Technology Select Sector SPDR® Fund | | | (190 | ) | | $ | (4,222,560 | ) | | $ | 230 | | | | 11/15/24 | | | $ | (43,985 | ) |
| * | 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 $4,222,560. |
| (B) | For financial information on the Technology Select Sector SPDR Fund, please go to the Fund’s website at https://www.ssga.com/us/en/intermediary. |
The accompanying notes are an integral part of the financial statements.
83
| Schedule of Investments | October 31, 2024 |
| Global X Information Technology Covered Call & Growth 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 | |
| Exchange Traded Fund | | $ | 4,546,586 | | | $ | — | | | $ | — | | | $ | 4,546,586 | |
| Common Stock | | | 3,906,168 | | | | — | | | | — | | | | 3,906,168 | |
| Total Investments in Securities | | $ | 8,452,754 | | | $ | — | | | $ | — | | | $ | 8,452,754 | |
| | | | | | | | | | | | | | | | | |
| Other Financial Instruments | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Written Options | | $ | (43,985 | ) | | $ | — | | | $ | — | | | $ | (43,985 | ) |
| Total Other Financial Instruments | | $ | (43,985 | ) | | $ | — | | | $ | — | | | $ | (43,985 | ) |
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.
84
| Schedule of Investments | October 31, 2024 |
| Global X Nasdaq 100 ESG Covered Call ETF |
| | | Shares | | | Value | |
| COMMON STOCK(A) — 101.2% | | | | | | |
| BRAZIL — 0.6% | | | | | | |
| Consumer Discretionary — 0.6% | | | | | | | | |
| MercadoLibre * | | | 10 | | | $ | 20,372 | |
| | | | | | | | | |
| CHINA — 0.7% | | | | | | | | |
| Consumer Discretionary — 0.3% | | | | | | | | |
| PDD Holdings ADR * | | | 91 | | | | 10,974 | |
| | | | | | | | | |
| Information Technology — 0.4% | | | | | | | | |
| NXP Semiconductors | | | 64 | | | | 15,008 | |
| | | | | | | | | |
| TOTAL CHINA | | | | | | | 25,982 | |
| TAIWAN — 0.7% | | | | | | | | |
| Information Technology — 0.7% | | | | | | | | |
| ASML Holding | | | 35 | | | | 23,539 | |
| | | | | | | | | |
| UNITED KINGDOM — 0.6% | | | | | | | | |
| Consumer Staples — 0.3% | | | | | | | | |
| Coca-Cola Europacific Partners | | | 145 | | | | 11,020 | |
| | | | | | | | | |
| Health Care — 0.3% | | | | | | | | |
| AstraZeneca ADR | | | 130 | | | | 9,249 | |
| | | | | | | | | |
| TOTAL UNITED KINGDOM | | | | | | | 20,269 | |
| UNITED STATES — 98.6% | | | | | | | | |
| Communication Services — 12.1% | | | | | | | | |
| Alphabet, Cl A | | | 408 | | | | 69,813 | |
| Alphabet, Cl C | | | 389 | | | | 67,176 | |
| Charter Communications, Cl A * | | | 28 | | | | 9,173 | |
| Comcast, Cl A | | | 795 | | | | 34,718 | |
| Electronic Arts | | | 85 | | | | 12,822 | |
| Meta Platforms, Cl A | | | 116 | | | | 65,839 | |
| Netflix * | | | 125 | | | | 94,504 | |
| Take-Two Interactive Software * | | | 51 | | | | 8,248 | |
| T-Mobile US | | | 206 | | | | 45,971 | |
| Trade Desk, Cl A * | | | 95 | | | | 11,420 | |
The accompanying notes are an integral part of the financial statements.
85
| Schedule of Investments | October 31, 2024 |
| Global X Nasdaq 100 ESG Covered Call ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | |
| Communication Services — continued | | | | | | |
| Warner Bros Discovery * | | | 621 | | | $ | 5,049 | |
| | | | | | | | 424,733 | |
| Consumer Discretionary — 9.4% | | | | | | | | |
| Airbnb, Cl A * | | | 87 | | | | 11,727 | |
| Amazon.com * | | | 514 | | | | 95,810 | |
| Booking Holdings | | | 9 | | | | 42,086 | |
| DoorDash, Cl A * | | | 81 | | | | 12,693 | |
| Lululemon Athletica * | | | 35 | | | | 10,426 | |
| Marriott International, Cl A | | | 66 | | | | 17,161 | |
| O’Reilly Automotive * | | | 19 | | | | 21,910 | |
| Ross Stores | | | 92 | | | | 12,854 | |
| Starbucks | | | 237 | | | | 23,155 | |
| Tesla * | | | 339 | | | | 84,699 | |
| | | | | | | | 332,521 | |
| Consumer Staples — 4.4% | | | | | | | | |
| Costco Wholesale | | | 72 | | | | 62,941 | |
| Dollar Tree * | | | 55 | | | | 3,555 | |
| Keurig Dr Pepper | | | 260 | | | | 8,567 | |
| Kraft Heinz | | | 117 | | | | 3,915 | |
| Mondelez International, Cl A | | | 293 | | | | 20,065 | |
| Monster Beverage * | | | 80 | | | | 4,214 | |
| PepsiCo | | | 312 | | | | 51,817 | |
| | | | | | | | 155,074 | |
| Financials — 0.6% | | | | | | | | |
| PayPal Holdings * | | | 284 | | | | 22,521 | |
| | | | | | | | | |
| Health Care — 5.6% | | | | | | | | |
| Amgen | | | 111 | | | | 35,538 | |
| Biogen * | | | 36 | | | | 6,264 | |
| Dexcom * | | | 87 | | | | 6,132 | |
| GE HealthCare Technologies | | | 52 | | | | 4,542 | |
| Gilead Sciences | | | 272 | | | | 24,159 | |
| IDEXX Laboratories * | | | 24 | | | | 9,766 | |
| Illumina * | | | 39 | | | | 5,622 | |
| Intuitive Surgical * | | | 87 | | | | 43,834 | |
| Moderna * | | | 87 | | | | 4,729 | |
The accompanying notes are an integral part of the financial statements.
86
| Schedule of Investments | October 31, 2024 |
| Global X Nasdaq 100 ESG Covered Call ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | |
| Health Care — continued | | | | | | |
| Regeneron Pharmaceuticals * | | | 30 | | | $ | 25,146 | |
| Vertex Pharmaceuticals * | | | 64 | | | | 30,463 | |
| | | | | | | | 196,195 | |
| Industrials — 4.0% | | | | | | | | |
| Automatic Data Processing | | | 122 | | | | 35,287 | |
| Cintas | | | 112 | | | | 23,051 | |
| Copart * | | | 274 | | | | 14,103 | |
| CSX | | | 438 | | | | 14,734 | |
| Fastenal | | | 99 | | | | 7,740 | |
| Old Dominion Freight Line | | | 63 | | | | 12,683 | |
| PACCAR | | | 97 | | | | 10,115 | |
| Paychex | | | 101 | | | | 14,072 | |
| Verisk Analytics, Cl A | | | 40 | | | | 10,989 | |
| | | | | | | | 142,774 | |
| Information Technology — 59.8% | | | | | | | | |
| Adobe * | | | 136 | | | | 65,019 | |
| Advanced Micro Devices * | | | 505 | | | | 72,755 | |
| ANSYS * | | | 26 | | | | 8,331 | |
| Apple | | | 1,621 | | | | 366,200 | |
| Applied Materials | | | 277 | | | | 50,298 | |
| Atlassian, Cl A * | | | 43 | | | | 8,107 | |
| Autodesk * | | | 64 | | | | 18,163 | |
| Broadcom | | | 1,157 | | | | 196,424 | |
| Cadence Design Systems * | | | 94 | | | | 25,955 | |
| CDW | | | 53 | | | | 9,976 | |
| Cisco Systems | | | 1,292 | | | | 70,763 | |
| Cognizant Technology Solutions, Cl A | | | 147 | | | | 10,965 | |
| Crowdstrike Holdings, Cl A * | | | 63 | | | | 18,703 | |
| Datadog, Cl A * | | | 90 | | | | 11,290 | |
| Fortinet * | | | 213 | | | | 16,754 | |
| GLOBALFOUNDRIES * | | | 148 | | | | 5,402 | |
| Intel | | | 1,255 | | | | 27,008 | |
| Intuit | | | 77 | | | | 46,993 | |
| KLA | | | 38 | | | | 25,317 | |
| Lam Research | | | 430 | | | | 31,970 | |
| Marvell Technology | | | 251 | | | | 20,108 | |
| Microchip Technology | | | 68 | | | | 4,989 | |
The accompanying notes are an integral part of the financial statements.
87
| Schedule of Investments | October 31, 2024 |
| Global X Nasdaq 100 ESG Covered Call ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | |
| Information Technology — continued | | | | | | |
| Micron Technology | | | 280 | | | $ | 27,902 | |
| Microsoft | | | 881 | | | | 357,994 | |
| MongoDB, Cl A * | | | 21 | | | | 5,678 | |
| NVIDIA | | | 3,022 | | | | 401,201 | |
| ON Semiconductor * | | | 94 | | | | 6,626 | |
| Palo Alto Networks * | | | 102 | | | | 36,754 | |
| QUALCOMM | | | 351 | | | | 57,132 | |
| Roper Technologies | | | 26 | | | | 13,981 | |
| Super Micro Computer * | | | 140 | | | | 4,075 | |
| Synopsys * | | | 47 | | | | 24,140 | |
| Texas Instruments | | | 195 | | | | 39,616 | |
| Workday, Cl A * | | | 58 | | | | 13,563 | |
| Zscaler * | | | 40 | | | | 7,232 | |
| | | | | | | | 2,107,384 | |
| Materials — 2.2% | | | | | | | | |
| Linde PLC | | | 168 | | | | 76,633 | |
| | | | | | | | | |
| Real Estate — 0.2% | | | | | | | | |
| CoStar Group * | | | 90 | | | | 6,551 | |
| | | | | | | | | |
| Utilities — 0.3% | | | | | | | | |
| Exelon | | | 255 | | | | 10,022 | |
| | | | | | | | | |
| TOTAL UNITED STATES | | | | | | | 3,474,408 | |
TOTAL COMMON STOCK
(Cost $2,847,685) | | | | | | | 3,564,570 | |
TOTAL INVESTMENTS — 101.2%
(Cost $2,847,685) | | | | | | $ | 3,564,570 | |
| | | | | | | | | |
WRITTEN OPTIONS— (1.2)%
(Premiums Received $(86,639)) | | | | | | $ | (43,435 | ) |
Percentages are based on Net Assets of $3,522,684.
The accompanying notes are an integral part of the financial statements.
88
| Schedule of Investments | October 31, 2024 |
| Global X Nasdaq 100 ESG Covered Call 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 |
| WRITTEN OPTIONS — (1.2)% | | | | | | | | | | | | | | | | | | | | |
| Call Options | | | | | | | | | | | | | | | | | | | | |
| Nasdaq-100 | | | (1 | ) | | $ | (1,989,042 | ) | | $ | 20,300 | | | | 11/15/24 | | | $ | (23,685 | ) |
| Nasdaq-100 Micro Index | | | (79 | ) | | | (1,571,310 | ) | | | 203 | | | | 11/15/24 | | | | (19,750 | ) |
| | | | | | | | | | | | | | | | | | | | | |
| Total Written Options | | | | | | $ | (3,560,352 | ) | | | | | | | | | | $ | (43,435 | ) |
| * | 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 $3,564,570. |
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 | | $ | 3,564,570 | | | $ | — | | | $ | — | | | $ | 3,564,570 | |
| Total Investments in Securities | | $ | 3,564,570 | | | $ | — | | | $ | — | | | $ | 3,564,570 | |
| | | | | | | | | | | | | | | | | |
| Other Financial Instruments | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Written Options | | $ | (43,435 | ) | | $ | — | | | $ | — | | | $ | (43,435 | ) |
| Total Other Financial Instruments | | $ | (43,435 | ) | | $ | — | | | $ | — | | | $ | (43,435 | ) |
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.
89
| Schedule of Investments | | October 31, 2024 |
| Global X S&P 500 ESG Covered Call ETF |
| | | | | | | |
| | | Shares | | | Value | |
| COMMON STOCK(A) — 100.2% | | | | | | | | |
| IRELAND — 0.6% | | | | | | | | |
| Information Technology — 0.6% | | | | | | | | |
| Accenture PLC, Cl A | | | 34 | | | $ | 11,724 | |
| | | | | | | | | |
| SWITZERLAND — 0.1% | | | | | | | | |
| Information Technology — 0.1% | | | | | | | | |
| TE Connectivity | | | 16 | | | | 2,359 | |
| | | | | | | | | |
| UNITED STATES — 99.5% | | | | | | | | |
| Communication Services — 7.5% | | | | | | | | |
| Alphabet, Cl A | | | 315 | | | | 53,900 | |
| Alphabet, Cl C | | | 258 | | | | 44,554 | |
| AT&T | | | 382 | | | | 8,610 | |
| Comcast, Cl A | | | 206 | | | | 8,996 | |
| Electronic Arts | | | 13 | | | | 1,961 | |
| Interpublic Group | | | 20 | | | | 588 | |
| News, Cl A | | | 23 | | | | 627 | |
| News, Cl B | | | 6 | | | | 174 | |
| Omnicom Group | | | 10 | | | | 1,010 | |
| Paramount Global, Cl B | | | 27 | | | | 295 | |
| Take-Two Interactive Software * | | | 8 | | | | 1,294 | |
| T-Mobile US | | | 26 | | | | 5,802 | |
| Walt Disney | | | 97 | | | | 9,332 | |
| | | | | | | | 137,143 | |
| Consumer Discretionary — 7.6% | | | | | | | | |
| Aptiv PLC * | | | 15 | | | | 853 | |
| Best Buy | | | 10 | | | | 904 | |
| BorgWarner | | | 14 | | | | 471 | |
| Caesars Entertainment * | | | 14 | | | | 561 | |
| CarMax * | | | 8 | | | | 579 | |
| Carnival * | | | 56 | | | | 1,232 | |
| Chipotle Mexican Grill, Cl A * | | | 76 | | | | 4,239 | |
| Deckers Outdoor * | | | 9 | | | | 1,448 | |
| DR Horton | | | 16 | | | | 2,704 | |
| eBay | | | 27 | | | | 1,553 | |
| Expedia Group * | | | 7 | | | | 1,094 | |
| General Motors | | | 62 | | | | 3,147 | |
| Genuine Parts | | | 8 | | | | 918 | |
The accompanying notes are an integral part of the financial statements.
90
| Schedule of Investments | | October 31, 2024 |
| Global X S&P 500 ESG Covered Call ETF |
| | | | | | |
| | | Shares | | Value | |
| COMMON STOCK — continued | | | | | | | |
| Consumer Discretionary — continued | | | | | | | |
| Hasbro | | | 7 | | $ | 459 | |
| Hilton Worldwide Holdings | | | 13 | | | 3,053 | |
| Home Depot | | | 53 | | | 20,869 | |
| Las Vegas Sands | | | 21 | | | 1,089 | |
| LKQ | | | 15 | | | 552 | |
| Lowe’s | | | 30 | | | 7,855 | |
| Lululemon Athletica * | | | 6 | | | 1,787 | |
| Marriott International, Cl A | | | 12 | | | 3,120 | |
| McDonald’s | | | 38 | | | 11,100 | |
| MGM Resorts International * | | | 13 | | | 479 | |
| Mohawk Industries * | | | 2 | | | 269 | |
| NIKE, Cl B | | | 64 | | | 4,936 | |
| Norwegian Cruise Line Holdings * | | | 24 | | | 608 | |
| Pool | | | 2 | | | 723 | |
| PulteGroup | | | 12 | | | 1,554 | |
| Ralph Lauren, Cl A | | | 2 | | | 396 | |
| Ross Stores | | | 18 | | | 2,515 | |
| Royal Caribbean Cruises | | | 13 | | | 2,683 | |
| Starbucks | | | 62 | | | 6,057 | |
| Tapestry | | | 14 | | | 664 | |
| Tesla * | | | 149 | | | 37,228 | |
| TJX | | | 62 | | | 7,008 | |
| Tractor Supply | | | 6 | | | 1,593 | |
| Ulta Beauty * | | | 2 | | | 738 | |
| Wynn Resorts | | | 6 | | | 576 | |
| Yum! Brands | | | 15 | | | 1,967 | |
| | | | | | | 139,581 | |
| Consumer Staples — 6.5% | | | | | | | |
| Archer-Daniels-Midland | | | 27 | | | 1,491 | |
| Campbell Soup | | | 11 | | | 513 | |
| Coca-Cola | | | 207 | | | 13,519 | |
| Colgate-Palmolive | | | 44 | | | 4,123 | |
| Conagra Brands | | | 28 | | | 810 | |
| Costco Wholesale | | | 24 | | | 20,980 | |
| Estee Lauder, Cl A | | | 13 | | | 896 | |
| General Mills | | | 30 | | | 2,041 | |
| Hershey | | | 8 | | | 1,421 | |
| Hormel Foods | | | 16 | | | 489 | |
The accompanying notes are an integral part of the financial statements.
91
| Schedule of Investments | | October 31, 2024 |
| Global X S&P 500 ESG Covered Call ETF |
| | | | | | | |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Consumer Staples — continued | | | | | | | | |
| J M Smucker | | | 6 | | | $ | 681 | |
| Kellanova | | | 15 | | | | 1,210 | |
| Keurig Dr Pepper | | | 58 | | | | 1,911 | |
| Kraft Heinz | | | 44 | | | | 1,472 | |
| Kroger | | | 37 | | | | 2,063 | |
| Lamb Weston Holdings | | | 8 | | | | 622 | |
| McCormick | | | 14 | | | | 1,095 | |
| Molson Coors Beverage, Cl B | | | 8 | | | | 436 | |
| Mondelez International, Cl A | | | 71 | | | | 4,862 | |
| PepsiCo | | | 73 | | | | 12,124 | |
| Procter & Gamble | | | 126 | | | | 20,813 | |
| Sysco | | | 28 | | | | 2,099 | |
| Target | | | 25 | | | | 3,751 | |
| Tyson Foods, Cl A | | | 16 | | | | 937 | |
| Walgreens Boots Alliance | | | 43 | | | | 407 | |
| Walmart | | | 233 | | | | 19,094 | |
| | | | | | | | 119,860 | |
| Energy — 4.1% | | | | | | | | |
| Baker Hughes, Cl A | | | 54 | | | | 2,056 | |
| Chevron | | | 91 | | | | 13,543 | |
| Devon Energy | | | 36 | | | | 1,392 | |
| Diamondback Energy | | | 9 | | | | 1,591 | |
| EQT | | | 33 | | | | 1,206 | |
| Exxon Mobil | | | 238 | | | | 27,794 | |
| Halliburton | | | 50 | | | | 1,387 | |
| Hess | | | 15 | | | | 2,017 | |
| Kinder Morgan | | | 108 | | | | 2,647 | |
| Marathon Petroleum | | | 18 | | | | 2,618 | |
| Occidental Petroleum | | | 36 | | | | 1,804 | |
| ONEOK | | | 32 | | | | 3,100 | |
| Phillips 66 | | | 23 | | | | 2,802 | |
| Schlumberger | | | 79 | | | | 3,166 | |
| Targa Resources | | | 12 | | | | 2,003 | |
| Valero Energy | | | 17 | | | | 2,206 | |
| Williams | | | 64 | | | | 3,352 | |
| | | | | | | | 74,684 | |
The accompanying notes are an integral part of the financial statements.
92
| Schedule of Investments | | October 31, 2024 |
| Global X S&P 500 ESG Covered Call ETF |
| | | | | | | |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — 14.5% | | | | | | | | |
| Aflac | | | 28 | | | $ | 2,934 | |
| Allstate | | | 14 | | | | 2,611 | |
| American Express | | | 30 | | | | 8,102 | |
| American International Group | | | 36 | | | | 2,732 | |
| Ameriprise Financial | | | 5 | | | | 2,552 | |
| Aon PLC, Cl A | | | 11 | | | | 4,036 | |
| Arch Capital Group * | | | 21 | | | | 2,070 | |
| Arthur J Gallagher | | | 12 | | | | 3,374 | |
| Assurant | | | 2 | | | | 383 | |
| Bank of America | | | 361 | | | | 15,097 | |
| Bank of New York Mellon | | | 41 | | | | 3,090 | |
| BlackRock Funding | | | 8 | | | | 7,848 | |
| Capital One Financial | | | 21 | | | | 3,419 | |
| Cboe Global Markets | | | 6 | | | | 1,281 | |
| Charles Schwab | | | 82 | | | | 5,808 | |
| Chubb | | | 20 | | | | 5,649 | |
| Citigroup | | | 104 | | | | 6,674 | |
| Citizens Financial Group | | | 24 | | | | 1,011 | |
| CME Group, Cl A | | | 19 | | | | 4,282 | |
| Corpay * | | | 4 | | | | 1,319 | |
| Discover Financial Services | | | 14 | | | | 2,078 | |
| Everest Group | | | 2 | | | | 711 | |
| FactSet Research Systems | | | 2 | | | | 908 | |
| Fidelity National Information Services | | | 29 | | | | 2,602 | |
| Fifth Third Bancorp | | | 38 | | | | 1,660 | |
| Fiserv * | | | 31 | | | | 6,135 | |
| Franklin Resources | | | 18 | | | | 374 | |
| Global Payments | | | 14 | | | | 1,452 | |
| Globe Life | | | 5 | | | | 528 | |
| Goldman Sachs Group | | | 17 | | | | 8,802 | |
| Hartford Financial Services Group | | | 16 | | | | 1,767 | |
| Huntington Bancshares | | | 80 | | | | 1,247 | |
| Intercontinental Exchange | | | 31 | | | | 4,832 | |
| Invesco | | | 26 | | | | 451 | |
| Jack Henry & Associates | | | 4 | | | | 728 | |
| JPMorgan Chase | | | 153 | | | | 33,954 | |
| KeyCorp | | | 52 | | | | 897 | |
| M&T Bank | | | 9 | | | | 1,752 | |
| MarketAxess Holdings | | | 2 | | | | 579 | |
The accompanying notes are an integral part of the financial statements.
93
| Schedule of Investments | | October 31, 2024 |
| Global X S&P 500 ESG Covered Call ETF |
| | | | | | | |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Financials — continued | | | | | | | | |
| Marsh & McLennan | | | 26 | | | $ | 5,674 | |
| Mastercard, Cl A | | | 44 | | | | 21,982 | |
| MetLife | | | 33 | | | | 2,588 | |
| Moody’s | | | 8 | | | | 3,632 | |
| Morgan Stanley | | | 66 | | | | 7,673 | |
| MSCI, Cl A | | | 4 | | | | 2,285 | |
| Nasdaq | | | 22 | | | | 1,626 | |
| Northern Trust | | | 12 | | | | 1,206 | |
| PayPal Holdings * | | | 54 | | | | 4,282 | |
| PNC Financial Services Group | | | 21 | | | | 3,954 | |
| Principal Financial Group | | | 11 | | | | 906 | |
| Prudential Financial | | | 20 | | | | 2,450 | |
| Raymond James Financial | | | 9 | | | | 1,334 | |
| Regions Financial | | | 50 | | | | 1,193 | |
| S&P Global | | | 17 | | | | 8,166 | |
| State Street | | | 16 | | | | 1,485 | |
| Synchrony Financial | | | 22 | | | | 1,213 | |
| T Rowe Price Group | | | 13 | | | | 1,428 | |
| Travelers | | | 12 | | | | 2,951 | |
| Truist Financial | | | 74 | | | | 3,186 | |
| US Bancorp | | | 84 | | | | 4,058 | |
| Visa, Cl A | | | 90 | | | | 26,086 | |
| Willis Towers Watson PLC | | | 5 | | | | 1,511 | |
| | | | | | | | 266,598 | |
| Health Care — 11.4% | | | | | | | | |
| Abbott Laboratories | | | 93 | | | | 10,543 | |
| AbbVie | | | 95 | | | | 19,368 | |
| Agilent Technologies | | | 16 | | | | 2,085 | |
| Amgen | | | 29 | | | | 9,285 | |
| Baxter International | | | 28 | | | | 1,000 | |
| Becton Dickinson | | | 15 | | | | 3,504 | |
| Biogen * | | | 8 | | | | 1,392 | |
| Boston Scientific * | | | 78 | | | | 6,554 | |
| Bristol-Myers Squibb | | | 111 | | | | 6,190 | |
| Cardinal Health | | | 14 | | | | 1,519 | |
| Cencora | | | 9 | | | | 2,053 | |
| Centene * | | | 29 | | | | 1,806 | |
| Charles River Laboratories International * | | | 2 | | | | 357 | |
The accompanying notes are an integral part of the financial statements.
94
| Schedule of Investments | | October 31, 2024 |
| Global X S&P 500 ESG Covered Call ETF |
| | | | | | | |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Health Care — continued | | | | | | | | |
| Cigna Group | | | 15 | | | $ | 4,722 | |
| CVS Health | | | 69 | | | | 3,896 | |
| Danaher | | | 34 | | | | 8,352 | |
| DaVita * | | | 2 | | | | 280 | |
| Edwards Lifesciences * | | | 34 | | | | 2,278 | |
| Elevance Health | | | 12 | | | | 4,869 | |
| Eli Lilly | | | 43 | | | | 35,679 | |
| Gilead Sciences | | | 66 | | | | 5,862 | |
| Hologic * | | | 13 | | | | 1,051 | |
| Humana | | | 6 | | | | 1,547 | |
| IDEXX Laboratories * | | | 4 | | | | 1,628 | |
| Incyte * | | | 9 | | | | 667 | |
| Medtronic PLC | | | 70 | | | | 6,247 | |
| Merck | | | 136 | | | | 13,915 | |
| Mettler-Toledo International * | | | 1 | | | | 1,292 | |
| Moderna * | | | 19 | | | | 1,033 | |
| Quest Diagnostics | | | 6 | | | | 929 | |
| Regeneron Pharmaceuticals * | | | 6 | | | | 5,029 | |
| ResMed | | | 8 | | | | 1,940 | |
| Revvity | | | 7 | | | | 830 | |
| Stryker | | | 18 | | | | 6,413 | |
| Teleflex | | | 2 | | | | 402 | |
| UnitedHealth Group | | | 50 | | | | 28,225 | |
| Waters * | | | 3 | | | | 969 | |
| Zimmer Biomet Holdings | | | 12 | | | | 1,283 | |
| Zoetis, Cl A | | | 24 | | | | 4,291 | |
| | | | | | | | 209,285 | |
| Industrials — 7.8% | | | | | | | | |
| Allegion PLC | | | 5 | | | | 698 | |
| AMETEK | | | 13 | | | | 2,383 | |
| Automatic Data Processing | | | 22 | | | | 6,363 | |
| Axon Enterprise * | | | 4 | | | | 1,694 | |
| Broadridge Financial Solutions | | | 6 | | | | 1,265 | |
| Carrier Global | | | 44 | | | | 3,200 | |
| Caterpillar | | | 26 | | | | 9,781 | |
| CH Robinson Worldwide | | | 7 | | | | 721 | |
| Cintas | | | 18 | | | | 3,705 | |
| CSX | | | 106 | | | | 3,566 | |
The accompanying notes are an integral part of the financial statements.
95
| Schedule of Investments | | October 31, 2024 |
| Global X S&P 500 ESG Covered Call ETF |
| | | | | | | |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| Cummins | | | 7 | | | $ | 2,303 | |
| Dayforce * | | | 8 | | | | 568 | |
| Deere | | | 14 | | | | 5,666 | |
| Delta Air Lines | | | 36 | | | | 2,060 | |
| Dover | | | 7 | | | | 1,325 | |
| Eaton PLC | | | 21 | | | | 6,963 | |
| Emerson Electric | | | 32 | | | | 3,465 | |
| Fortive | | | 19 | | | | 1,357 | |
| General Electric | | | 58 | | | | 9,963 | |
| Hubbell, Cl B | | | 3 | | | | 1,281 | |
| IDEX | | | 4 | | | | 859 | |
| Illinois Tool Works | | | 14 | | | | 3,656 | |
| Ingersoll Rand | | | 22 | | | | 2,112 | |
| JB Hunt Transport Services | | | 4 | | | | 722 | |
| Johnson Controls International | | | 36 | | | | 2,720 | |
| Masco | | | 13 | | | | 1,039 | |
| Norfolk Southern | | | 12 | | | | 3,005 | |
| Otis Worldwide | | | 22 | | | | 2,160 | |
| PACCAR | | | 29 | | | | 3,024 | |
| Parker-Hannifin | | | 7 | | | | 4,438 | |
| Paychex | | | 17 | | | | 2,369 | |
| Pentair PLC | | | 9 | | | | 892 | |
| Quanta Services | | | 8 | | | | 2,413 | |
| Republic Services, Cl A | | | 11 | | | | 2,178 | |
| Rockwell Automation | | | 6 | | | | 1,600 | |
| Stanley Black & Decker | | | 8 | | | | 744 | |
| Trane Technologies PLC | | | 12 | | | | 4,442 | |
| Uber Technologies * | | | 112 | | | | 8,070 | |
| Union Pacific | | | 33 | | | | 7,658 | |
| United Parcel Service, Cl B | | | 40 | | | | 5,362 | |
| United Rentals | | | 4 | | | | 3,251 | |
| Verisk Analytics, Cl A | | | 8 | | | | 2,198 | |
| Waste Management | | | 20 | | | | 4,317 | |
| Westinghouse Air Brake Technologies | | | 9 | | | | 1,692 | |
| WW Grainger | | | 3 | | | | 3,328 | |
| Xylem | | | 13 | | | | 1,583 | |
| | | | | | | | 144,159 | |
The accompanying notes are an integral part of the financial statements.
96
| Schedule of Investments | | October 31, 2024 |
| Global X S&P 500 ESG Covered Call ETF |
| | | | | | | |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Information Technology — 33.9% | | | | | | | | |
| Adobe * | | | 24 | | | $ | 11,474 | |
| Advanced Micro Devices * | | | 87 | | | | 12,534 | |
| Akamai Technologies * | | | 8 | | | | 809 | |
| Apple | | | 821 | | | | 185,472 | |
| Applied Materials | | | 45 | | | | 8,171 | |
| Autodesk * | | | 11 | | | | 3,122 | |
| Cisco Systems | | | 215 | | | | 11,776 | |
| Hewlett Packard Enterprise | | | 69 | | | | 1,345 | |
| HP | | | 49 | | | | 1,740 | |
| Intel | | | 234 | | | | 5,036 | |
| KLA | | | 7 | | | | 4,664 | |
| Lam Research | | | 70 | | | | 5,204 | |
| Micron Technology | | | 59 | | | | 5,879 | |
| Microsoft | | | 402 | | | | 163,353 | |
| NVIDIA | | | 1,329 | | | | 176,438 | |
| ON Semiconductor * | | | 23 | | | | 1,621 | |
| QUALCOMM | | | 61 | | | | 9,929 | |
| Salesforce | | | 52 | | | | 15,151 | |
| Western Digital * | | | 19 | | | | 1,241 | |
| | | | | | | | 624,959 | |
| Materials — 2.4% | | | | | | | | |
| Air Products & Chemicals | | | 12 | | | | 3,726 | |
| Albemarle | | | 7 | | | | 663 | |
| Amcor PLC | | | 80 | | | | 890 | |
| Avery Dennison | | | 4 | | | | 828 | |
| Ball | | | 16 | | | | 948 | |
| CF Industries Holdings | | | 10 | | | | 822 | |
| Corteva | | | 39 | | | | 2,376 | |
| Dow | | | 39 | | | | 1,926 | |
| Ecolab | | | 13 | | | | 3,195 | |
| FMC | | | 7 | | | | 455 | |
| Freeport-McMoRan | | | 78 | | | | 3,512 | |
| International Flavors & Fragrances | | | 14 | | | | 1,392 | |
| Linde PLC | | | 26 | | | | 11,860 | |
| LyondellBasell Industries, Cl A | | | 14 | | | | 1,216 | |
| Mosaic | | | 17 | | | | 455 | |
| Newmont | | | 64 | | | | 2,908 | |
| PPG Industries | | | 13 | | | | 1,619 | |
The accompanying notes are an integral part of the financial statements.
97
| Schedule of Investments | | October 31, 2024 |
| Global X S&P 500 ESG Covered Call ETF |
| | | | | | | |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Materials — continued | | | | | | | | |
| Sherwin-Williams | | | 12 | | | $ | 4,305 | |
| Smurfit WestRock | | | 28 | | | | 1,442 | |
| | | | | | | | 44,538 | |
| Real Estate — 2.5% | | | | | | | | |
| Alexandria Real Estate Equities † | | | 8 | | | | 892 | |
| American Tower † | | | 25 | | | | 5,338 | |
| AvalonBay Communities † | | | 8 | | | | 1,773 | |
| BXP † | | | 7 | | | | 564 | |
| CBRE Group, Cl A * | | | 16 | | | | 2,096 | |
| CoStar Group * | | | 22 | | | | 1,601 | |
| Digital Realty Trust † | | | 17 | | | | 3,030 | |
| Equinix † | | | 5 | | | | 4,540 | |
| Equity Residential † | | | 20 | | | | 1,407 | |
| Extra Space Storage † | | | 12 | | | | 1,960 | |
| Federal Realty Investment Trust † | | | 4 | | | | 443 | |
| Healthpeak Properties † | | | 39 | | | | 876 | |
| Host Hotels & Resorts † | | | 42 | | | | 724 | |
| Iron Mountain † | | | 16 | | | | 1,980 | |
| Kimco Realty † | | | 37 | | | | 878 | |
| ProLogis † | | | 51 | | | | 5,760 | |
| Public Storage † | | | 8 | | | | 2,632 | |
| Regency Centers † | | | 9 | | | | 643 | |
| SBA Communications, Cl A † | | | 6 | | | | 1,377 | |
| UDR † | | | 16 | | | | 675 | |
| Ventas † | | | 22 | | | | 1,441 | |
| Welltower † | | | 32 | | | | 4,316 | |
| Weyerhaeuser † | | | 41 | | | | 1,278 | |
| | | | | | | | 46,224 | |
| Utilities — 1.3% | | | | | | | | |
| American Water Works | | | 10 | | | | 1,381 | |
| Consolidated Edison | | | 19 | | | | 1,932 | |
| Edison International | | | 21 | | | | 1,730 | |
| Entergy | | | 12 | | | | 1,857 | |
| Eversource Energy | | | 19 | | | | 1,251 | |
| Exelon | | | 55 | | | | 2,162 | |
| NextEra Energy | | | 112 | | | | 8,876 | |
| Public Service Enterprise Group | | | 28 | | | | 2,504 | |
The accompanying notes are an integral part of the financial statements.
98
| Schedule of Investments | | October 31, 2024 |
| Global X S&P 500 ESG Covered Call ETF |
| | | | | | | |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Utilities — continued | | | | | | | | |
| Sempra | | | 35 | | | $ | 2,918 | |
| | | | | | | | 24,611 | |
| TOTAL UNITED STATES | | | | | | | 1,831,642 | |
TOTAL COMMON STOCK
(Cost $1,609,003) | | | | | | | 1,845,725 | |
TOTAL INVESTMENTS — 100.2%
(Cost $1,609,003) | | | | | | $ | 1,845,725 | |
| | | | | | | | | |
WRITTEN OPTIONS— (0.4)%
(Premiums Received $(30,552)) | | | | | | $ | (7,560 | ) |
Percentages are based on Net Assets of $1,841,387.
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 | |
| WRITTEN OPTIONS — (0.4)% | | | | | | | | | | | | | | | | | | |
| Call Options | | | | | | | | | | | | | | | | | | |
| S&P 500 ESG Index | | | (36 | ) | | $ | (1,815,480 | ) | | $ | 520 | | | 11/15/24 | | $ | (7,560 | ) |
| * | 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 $1,838,227. |
The accompanying notes are an integral part of the financial statements.
99
| Schedule of Investments | | October 31, 2024 |
| Global X S&P 500 ESG Covered Call 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 | | $ | 1,845,725 | | | $ | — | | | $ | — | | | $ | 1,845,725 | |
| Total Investments in Securities | | $ | 1,845,725 | | | $ | — | | | $ | — | | | $ | 1,845,725 | |
| | | | | | | | | | | | | | | | |
| Other Financial Instruments | | Level 1 | | Level 2 | | | Level 3 | | | Total |
| Written Options | | $ | (7,560 | ) | | $ | — | | | $ | — | | | $ | (7,560 | ) |
| Total Other Financial Instruments | | $ | (7,560 | ) | | $ | — | | | $ | — | | | $ | (7,560 | ) |
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.
100
| Schedule of Investments | October 31, 2024 |
| Global X Dow 30® Covered Call & Growth ETF |
| | | Shares | | | Value | |
| COMMON STOCK — 100.6% | | | | | | | | |
| UNITED STATES — 100.6% | | | | | | | | |
| Communication Services — 2.2% | | | | | | | | |
| Verizon Communications | | | 314 | | | $ | 13,229 | |
| Walt Disney (A) | | | 314 | | | | 30,207 | |
| | | | | | | | 43,436 | |
| Consumer Discretionary — 15.0% | | | | | | | | |
| Amazon.com *(A) | | | 314 | | | | 58,530 | |
| Home Depot (A) | | | 314 | | | | 123,637 | |
| McDonald’s | | | 314 | | | | 91,722 | |
| NIKE, Cl B | | | 314 | | | | 24,219 | |
| | | | | | | | 298,108 | |
| Consumer Staples — 4.9% | | | | | | | | |
| Coca-Cola (A) | | | 314 | | | | 20,507 | |
| Procter & Gamble | | | 314 | | | | 51,867 | |
| Walmart | | | 314 | | | | 25,732 | |
| | | | | | | | 98,106 | |
| Energy — 2.4% | | | | | | | | |
| Chevron (A) | | | 314 | | | | 46,730 | |
| | | | | | | | | |
| Financials — 24.5% | | | | | | | | |
| American Express (A) | | | 314 | | | | 84,805 | |
| Goldman Sachs Group (A) | | | 314 | | | | 162,586 | |
| JPMorgan Chase | | | 314 | | | | 69,683 | |
| Travelers | | | 314 | | | | 77,225 | |
| Visa, Cl A | | | 314 | | | | 91,013 | |
| | | | | | | | 485,312 | |
| Health Care — 18.1% | | | | | | | | |
| Amgen (A) | | | 314 | | | | 100,530 | |
| Johnson & Johnson | | | 314 | | | | 50,196 | |
| Merck | | | 314 | | | | 32,129 | |
| UnitedHealth Group | | | 314 | | | | 177,253 | |
| | | | | | | | 360,108 | |
| Industrials — 13.6% | | | | | | | | |
| 3M | | | 314 | | | | 40,340 | |
| Boeing *(A) | | | 314 | | | | 46,883 | |
The accompanying notes are an integral part of the financial statements.
101
| Schedule of Investments | October 31, 2024 |
| Global X Dow 30® Covered Call & Growth ETF |
| | | Shares | | | Value | |
| COMMON STOCK — continued | | | | | | | | |
| Industrials — continued | | | | | | | | |
| Caterpillar (A) | | | 314 | | | $ | 118,127 | |
| Honeywell International (A) | | | 314 | | | | 64,583 | |
| | | | | | | | 269,933 | |
| Information Technology — 19.1% | | | | | | | | |
| Apple (A) | | | 314 | | | | 70,936 | |
| Cisco Systems (A) | | | 314 | | | | 17,198 | |
| Intel (A) | | | 314 | | | | 6,757 | |
| International Business Machines (A) | | | 314 | | | | 64,910 | |
| Microsoft | | | 314 | | | | 127,594 | |
| Salesforce | | | 314 | | | | 91,490 | |
| | | | | | | | 378,885 | |
| Materials — 0.8% | | | | | | | | |
| Dow (A) | | | 314 | | | | 15,505 | |
| | | | | | | | | |
| TOTAL UNITED STATES | | | | | | | 1,996,123 | |
TOTAL COMMON STOCK
(Cost $1,694,473) | | | | | | | 1,996,123 | |
TOTAL INVESTMENTS — 100.6%
(Cost $1,694,473) | | | | | | $ | 1,996,123 | |
| | | | | | | | | |
| | | | | | | | | |
WRITTEN OPTIONS— (0.7)%
(Premiums Received $(13,613)) | | | | | | $ | (13,704 | ) |
| | | | | | | | | |
Percentages are based on Net Assets of $1,984,919.
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 |
| WRITTEN OPTIONS — (0.7)% | | | | | | | | | | | | | | | | | | |
| Call Options | | | | | | | | | | | | | | | | | | |
| Dow Jones Industrial Average | | | (24 | ) | | $ | (1,002,312 | ) | | $ | 435 | | | 11/15/24 | | $ | (13,704 | ) |
| * | Non-income producing security. |
The accompanying notes are an integral part of the financial statements.
102
| Schedule of Investments | October 31, 2024 |
| Global X Dow 30® Covered Call & Growth ETF |
| (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 $1,032,432. |
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 | | $ | 1,996,123 | | | $ | — | | | $ | — | | | $ | 1,996,123 | |
| Total Investments in Securities | | $ | 1,996,123 | | | $ | — | | | $ | — | | | $ | 1,996,123 | |
| | | | | | | | | | | | | | | | |
| Other Financial Instruments | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Written Options | | $ | (13,704 | ) | | $ | — | | | $ | — | | | $ | (13,704 | ) |
| Total Other Financial Instruments | | $ | (13,704 | ) | | $ | — | | | $ | — | | | $ | (13,704 | ) |
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.
103
| Schedule of Investments | October 31, 2024 |
| Global X MSCI Emerging Markets Covered Call ETF |
| | | Shares | | | Value | |
| EXCHANGE TRADED FUND — 100.2% | | | | | | | | |
| iShares Core MSCI Emerging Markets ETF (A)(B) | | | 35,735 | | | $ | 1,987,581 | |
| | | | | | | | | |
TOTAL EXCHANGE TRADED FUND
(Cost $1,818,768) | | | | | | | 1,987,581 | |
TOTAL INVESTMENTS — 100.2%
(Cost $1,818,768) | | | | | | $ | 1,987,581 | |
| | | | | | | | | |
WRITTEN OPTIONS— (0.5)%
(Premiums Received $(42,513)) | | | | | | $ | (10,573 | ) |
Percentages are based on Net Assets of $1,983,606.
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 | |
| WRITTEN OPTIONS — (0.5)% | | | | | | | | | | | | | | | | | | |
| Call Options | | | | | | | | | | | | | | | | | | |
| iShares Core MSCI Emerging Markets ETF | | | (355 | ) | | $ | (1,974,510 | ) | | $ | 57 | | | 11/15/24 | | $ | (10,573 | ) |
| (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 $1,974,510. |
| (B) | For financial information on the iShares Core MSCI Emerging Markets ETF, please go to the Fund’s website at https://www.ishares.com/us. |
The accompanying notes are an integral part of the financial statements.
104
| Schedule of Investments | October 31, 2024 |
| Global X MSCI Emerging Markets Covered Call 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 | |
| Exchange Traded Fund | | $ | 1,987,581 | | | $ | — | | | $ | — | | | $ | 1,987,581 | |
| Total Investments in Securities | | $ | 1,987,581 | | | $ | — | | | $ | — | | | $ | 1,987,581 | |
| | | | | | | | | | | | | | | | | |
| Other Financial Instruments | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Written Options | | $ | (10,573 | ) | | $ | — | | | $ | — | | | $ | (10,573 | ) |
| Total Other Financial Instruments | | $ | (10,573 | ) | | $ | — | | | $ | — | | | $ | (10,573 | ) |
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 Quality Dividend Covered Call ETF |
| | | Shares | | | Value | |
| EXCHANGE TRADED FUND — 100.4% | | | | | | | | |
| Global X S&P 500 Quality Dividend ETF (A)(B)(C) | | | 28,970 | | | $ | 1,031,042 | |
TOTAL EXCHANGE TRADED FUND
(Cost $965,676) | | | | | | | 1,031,042 | |
TOTAL INVESTMENTS — 100.4%
(Cost $965,676) | | | | | | $ | 1,031,042 | |
| | | | | | | | | |
WRITTEN OPTIONS— (0.5)%
(Premiums Received $(8,784)) | | | | | | $ | (5,412 | ) |
| | | | | | | | | |
| Percentages are based on Net Assets of $1,026,984. | | | | | | | | |
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 | |
| WRITTEN OPTIONS — (0.5)% | | | | | | | | | | | | | | | | | | | |
| Call Options | | | | | | | | | | | | | | | | | | | |
| Global X S&P 500 Quality Dividend ETF | | | (288 | ) | | $ | (1,024,992 | ) | | $ | 37 | | | | 11/15/24 | | $ | (5,412 | ) |
| (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 $1,024,992. |
| (B) | For financial information on the Global X S&P 500 Quality Dividend ETF, please go to the Fund’s website at https://www.globalxetfs.com/explore/. |
| (C) | Affiliated investment. |
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 | |
| Exchange Traded Fund | | $ | 1,031,042 | | | $ | — | | | $ | — | | | $ | 1,031,042 | |
| Total Investments in Securities | | $ | 1,031,042 | | | $ | — | | | $ | — | | | $ | 1,031,042 | |
| | | | | | | | | | | | | | | | | |
| Other Financial Instruments | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Written Options | | $ | (5,412 | ) | | $ | — | | | $ | — | | | $ | (5,412 | ) |
| Total Other Financial Instruments | | $ | (5,412 | ) | | $ | — | | | $ | — | | | $ | (5,412 | ) |
The accompanying notes are an integral part of the financial statements.
106
| Schedule of Investments | October 31, 2024 |
| Global X S&P 500 Quality Dividend Covered Call ETF |
The following is a summary of the Fund’s transactions with affiliates for the year ended October 31, 2024:
| | | Value
5/7/2024 | | | Purchases
at Cost | | | Proceeds
from Sales | | | Change in
Unrealized
Appreciation
(Depreciation) | | | Realized Gain
(Loss) | | | Value
10/31/2024 | | | Income | | | Capital Gains | |
| Global X S&P 500 Quality Dividend ETF | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | — | | | $ | 2,601,639 | | | $ | (1,778,842) | | | $ | 65,366 | | | $ | 142,879 | | | $ | 1,031,042 | | | $ | 26,546 | | | $ | — | |
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.
107
| Schedule of Investments | October 31, 2024 |
| Global X MLP & Energy Infrastructure Covered Call ETF |
| | | Shares | | | Value | |
| EXCHANGE TRADED FUND — 100.5% | | | | | | | | |
| Global X MLP & Energy Infrastructure ETF (A)(B)(C) | | | 45,150 | | | $ | 2,563,166 | |
TOTAL EXCHANGE TRADED FUND
(Cost $2,221,353) | | | | | | | 2,563,166 | |
TOTAL INVESTMENTS — 100.5%
(Cost $2,221,353) | | | | | | $ | 2,563,166 | |
| | | | | | | | | |
WRITTEN OPTIONS— (0.6)%
(Premiums Received $(40,781)) | | | | | | $ | (16,554 | ) |
Percentages are based on Net Assets of $2,550,456.
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 | |
| WRITTEN OPTIONS — (0.6)% | | | | | | | | | | | | | | | | | | |
| Call Options | | | | | | | | | | | | | | | | | | |
| Global X MLP & Energy Infrastructure ETF | | | (445 | ) | | $ | (2,526,265 | ) | | $ | 57 | | | 11/15/24 | | $ | (16,554 | ) |
| (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 $2,563,166. |
| (B) | For financial information on the Global X MLP & Energy Infrastructure ETF, please go to the Fund’s website at https://www.globalxetfs.com/explore/. |
| (C) | Affiliated investment. |
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 | |
| Exchange Traded Fund | | $ | 2,563,166 | | | $ | — | | | $ | — | | | $ | 2,563,166 | |
| Total Investments in Securities | | $ | 2,563,166 | | | $ | — | | | $ | — | | | $ | 2,563,166 | |
| | | | | | | | | | | | | | | | | |
| Other Financial Instruments | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Written Options | | $ | (16,554 | ) | | $ | — | | | $ | — | | | $ | (16,554 | ) |
| Total Other Financial Instruments | | $ | (16,554 | ) | | $ | — | | | $ | — | | | $ | (16,554 | ) |
The accompanying notes are an integral part of the financial statements.
108
| Schedule of Investments | October 31, 2024 |
| Global X MLP & Energy Infrastructure Covered Call ETF |
The following is a summary of the Fund’s transactions with affiliates for the year ended October 31, 2024:
| | | Value
5/7/2024 | | | Purchases
at Cost | | | Proceeds
from Sales | | | Change in
Unrealized
Appreciation
(Depreciation) | | | Realized Gain
(Loss) | | | Value
10/31/2024 | | | Income | | | Capital Gains | |
| Global X MLP & Energy Infrastructure ETF | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | — | | | $ | 3,097,284 | | | $ | (937,851) | | | $ | 341,813 | | | $ | 61,920 | | | $ | 2,563,166 | | | $ | 31,216 | | | $ | — | |
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.
109
| Schedule of Investments | October 31, 2024 |
| Glossary (abbreviations used in preceding Schedules of Investments): |
Fund Abbreviations
ADR — American Depositary Receipt
Cl — Class
ETF — Exchange-Traded Fund
REIT — Real Estate Investment Trust
S&P — Standard & Poor’s
SPDR — Standard & Poor’s Depository Receipt
110
Statements of Assets and Liabilities
October 31, 2024
| | | Global X S&P
500® Covered
Call ETF | | | Global X
NASDAQ 100®
Covered Call
ETF | | | Global X Russell
2000 Covered
Call ETF | | | Global X Nasdaq
100® Covered
Call & Growth
ETF | |
| Assets: | | | | | | | | | | | | | | | | |
| Cost of Investments | | $ | 1,948,717,545 | | | $ | 5,108,830,549 | | | $ | — | | | $ | 76,568,926 | |
| Cost of Affiliated Investments | | | — | | | | — | | | | 1,311,631,398 | | | | — | |
| Investments, at Value | | $ | 2,793,784,250 | | | $ | 8,203,191,680 | | | $ | 69,337 | | | $ | 104,886,081 | |
| Affiliated Investments, at Value | | | — | | | | — | | | | 1,424,845,753 | | | | — | |
| Cash | | | 687,092 | | | | 8,515,600 | | | | 557,571 | | | | 47,294 | |
| Dividend, Interest, and Securities Lending Income Receivable | | | 1,542,426 | | | | 1,040,016 | | | | — | | | | 12,991 | |
| Reclaim Receivable | | | 11,596 | | | | — | | | | 5,271 | | | | — | |
| Receivable for Capital Shares Sold | | | — | | | | 11,675,066 | | | | 1,603,330 | | | | — | |
| Receivable for Investment Securities Sold | | | — | | | | 1,024,487 | | | | 17,499 | | | | — | |
| Due from Broker | | | 3,109 | | | | 138,422 | | | | 487,157 | | | | — | |
| Total Assets | | | 2,796,028,473 | | | | 8,225,585,271 | | | | 1,427,585,918 | | | | 104,946,366 | |
| Liabilities: | | | | | | | | | | | | | | | | |
| Options Written at Value (Premiums received $52,607,064, $199,000,638, $41,001,922 and $1,257,022, respectively) | | | 15,685,270 | | | | 97,653,255 | | | | 15,652,560 | | | | 615,810 | |
| Payable due to Investment Adviser | | | 1,451,511 | | | | 4,145,460 | | | | 625,254 | | | | 31,057 | |
| Payable for Investment Securities Purchased | | | — | | | | 11,736,425 | | | | 1,620,828 | | | | — | |
| Payable for Capital Shares Redeemed | | | — | | | | 898,082 | | | | — | | | | — | |
| Custodian Fees Payable | | | — | | | | — | | | | 3,489 | | | | 19 | |
| Due to Broker | | | 593,237 | | | | 211,129 | | | | 35,423 | | | | 28,320 | |
| Total Liabilities | | | 17,730,018 | | | | 114,644,351 | | | | 17,937,554 | | | | 675,206 | |
| Net Assets | | $ | 2,778,298,455 | | | $ | 8,110,940,920 | | | $ | 1,409,648,364 | | | $ | 104,271,160 | |
| Net Assets Consist of: | | | | | | | | | | | | | | | | |
| Paid-in Capital | | $ | 2,694,406,161 | | | $ | 7,954,612,376 | | | $ | 1,544,332,433 | | | $ | 86,680,879 | |
| Total Distributable Earnings (Accumulated Losses) | | | 83,892,294 | | | | 156,328,544 | | | | (134,684,069 | ) | | | 17,590,281 | |
| Net Assets | | $ | 2,778,298,455 | | | $ | 8,110,940,920 | | | $ | 1,409,648,364 | | | $ | 104,271,160 | |
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value) | | | 67,960,000 | | | | 451,570,000 | | | | 87,920,000 | | | | 3,270,000 | |
| Net Asset Value, Offering and Redemption Price Per Share | | | $40.88 | | | | $17.96 | | | | $16.03 | | | | $31.89 | |
The accompanying notes are an integral part of the financial statements.
111
Statements of Assets and Liabilities
October 31, 2024
| | | Global X S&P
500® Covered
Call & Growth
ETF | | | Global X
NASDAQ 100®
Risk Managed
Income ETF | | | Global X S&P
500® Risk
Managed Income
ETF | | | Global X Dow
30® Covered Call
ETF | |
| Assets: | | | | | | | | | | | | | | | | |
| Cost of Investments | | $ | 48,159,437 | | | $ | 13,378,552 | | | $ | 30,615,917 | | | $ | 71,963,447 | |
| Investments, at Value | | $ | 59,448,881 | | | $ | 17,587,908 | | | $ | 39,636,470 | | | $ | 91,923,377 | |
| Cash | | | 654 | | | | 19,540 | | | | 28,572 | | | | 40,789 | |
| Dividend, Interest, and Securities Lending Income Receivable | | | 32,153 | | | | 1,854 | | | | 20,249 | | | | 56,230 | |
| Reclaim Receivable | | | 239 | | | | — | | | | 153 | | | | — | |
| Receivable for Capital Shares Sold | | | — | | | | — | | | | — | | | | 889,467 | |
| Receivable for Investment Securities Sold | | | — | | | | — | | | | — | | | | 1,545 | |
| Total Assets | | | 59,481,927 | | | | 17,609,302 | | | | 39,685,444 | | | | 92,911,408 | |
| Liabilities: | | | | | | | | | | | | | | | | |
| Options Written at Value (Premiums received $558,724, $423,356, $731,785 and $1,230,264, respectively) | | | 166,660 | | | | 208,230 | | | | 219,888 | | | | 1,256,200 | |
| Payable due to Investment Adviser | | | 17,864 | | | | 8,796 | | | | 19,490 | | | | 46,766 | |
| Payable for Investment Securities Purchased | | | — | | | | — | | | | — | | | | 889,991 | |
| Cash Overdraft | | | 970 | | | | — | | | | — | | | | — | |
| Custodian Fees Payable | | | 12 | | | | 5 | | | | 15 | | | | — | |
| Due to Broker | | | 1,378 | | | | 148 | | | | — | | | | 3,231 | |
| Total Liabilities | | | 186,884 | | | | 217,179 | | | | 239,393 | | | | 2,196,188 | |
| Net Assets | | $ | 59,295,043 | | | $ | 17,392,123 | | | $ | 39,446,051 | | | $ | 90,715,220 | |
| Net Assets Consist of: | | | | | | | | | | | | | | | | |
| Paid-in Capital | | $ | 49,059,358 | | | $ | 17,900,612 | | | $ | 39,446,051 | | | $ | 86,011,985 | |
| Total Distributable Earnings (Accumulated Losses) | | | 10,235,685 | | | | (508,489 | ) | | | — | | | | 4,703,235 | |
| Net Assets | | $ | 59,295,043 | | | $ | 17,392,123 | | | $ | 39,446,051 | | | $ | 90,715,220 | |
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value) | | | 1,870,000 | | | | 1,030,000 | | | | 2,100,000 | | | | 4,080,000 | |
| Net Asset Value, Offering and Redemption Price Per Share | | | $31.71 | | | | $16.89 | | | | $18.78 | | | | $22.23 | |
The accompanying notes are an integral part of the financial statements.
112
Statements of Assets and Liabilities
October 31, 2024
| | | Global X Russell
2000 Covered
Call & Growth
ETF | | | Global X
Financials
Covered Call &
Growth ETF | | | Global X Health
Care Covered
Call & Growth
ETF | | | Global X
Information
Technology
Covered Call &
Growth ETF | |
| Assets: | | | | | | | | | | | | | | | | |
| Cost of Investments | | $ | — | | | $ | 3,361,474 | | | $ | 2,540,632 | | | $ | 7,714,041 | |
| Cost of Affiliated Investments | | | 5,947,112 | | | | — | | | | — | | | | — | |
| Investments, at Value | | $ | — | | | $ | 3,595,019 | | | $ | 2,772,056 | | | $ | 8,452,754 | |
| Affiliated Investments, at Value | | | 6,442,062 | | | | — | | | | — | | | | — | |
| Cash | | | 13,915 | | | | 3,928 | | | | 2,836 | | | | 8,693 | |
| Dividend, Interest, and Securities Lending Income Receivable | | | — | | | | 1,026 | | | | 1,456 | | | | 913 | |
| Reclaim Receivable | | | — | | | | — | | | | — | | | | 78 | |
| Total Assets | | | 6,455,977 | | | | 3,599,973 | | | | 2,776,348 | | | | 8,462,438 | |
| Liabilities: | | | | | | | | | | | | | | | | |
| Options Written at Value (Premiums received $92,889, $32,470, $24,224 and $141,647, respectively) | | | 37,318 | | | | 15,287 | | | | 3,008 | | | | 43,985 | |
| Payable due to Investment Adviser | | | 1,484 | | | | 1,463 | | | | 1,336 | | | | 3,917 | |
| Custodian Fees Payable | | | 12 | | | | 1 | | | | 1 | | | | 2 | |
| Due to Broker | | | 3,818 | | | | 132 | | | | 676 | | | | 219 | |
| Total Liabilities | | | 42,632 | | | | 16,883 | | | | 5,021 | | | | 48,123 | |
| Net Assets | | $ | 6,413,345 | | | $ | 3,583,090 | | | $ | 2,771,327 | | | $ | 8,414,315 | |
| Net Assets Consist of: | | | | | | | | | | | | | | | | |
| Paid-in Capital | | $ | 5,442,017 | | | $ | 3,606,088 | | | $ | 2,767,218 | | | $ | 8,324,757 | |
| Total Distributable Earnings (Accumulated Losses) | | | 971,328 | | | | (22,998 | ) | | | 4,109 | | | | 89,558 | |
| Net Assets | | $ | 6,413,345 | | | $ | 3,583,090 | | | $ | 2,771,327 | | | $ | 8,414,315 | |
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value) | | | 250,000 | | | | 130,000 | | | | 110,000 | | | | 260,000 | |
| Net Asset Value, Offering and Redemption Price Per Share | | | $25.65 | | | | $27.56 | | | | $25.19 | | | | $32.36 | |
The accompanying notes are an integral part of the financial statements.
113
Statements of Assets and Liabilities
October 31, 2024
| | | Global X Nasdaq
100 ESG Covered
Call ETF | | | Global X S&P
500 ESG Covered
Call ETF | | | Global X Dow
30® Covered Call
& Growth ETF | |
| Assets: | | | | | | | | | | | | |
| Cost of Investments | | $ | 2,847,685 | | | $ | 1,609,003 | | | $ | 1,694,473 | |
| Investments, at Value | | $ | 3,564,570 | | | $ | 1,845,725 | | | $ | 1,996,123 | |
| Cash | | | 3,013 | | | | 2,039 | | | | 1,905 | |
| Dividend, Interest, and Securities Lending Income Receivable | | | 354 | | | | 1,036 | | | | 1,198 | |
| Receivable for Investment Securities Sold | | | — | | | | 8,544 | | | | — | |
| Reclaim Receivable | | | — | | | | 10 | | | | — | |
| Due from Broker | | | — | | | | 161 | | | | — | |
| Total Assets | | | 3,567,937 | | | | 1,857,515 | | | | 1,999,226 | |
| Liabilities: | | | | | | | | | | | | |
| Options Written at Value (Premiums received $86,639, $30,552 and $13,613, respectively) | | | 43,435 | | | | 7,560 | | | | 13,704 | |
| Payable due to Investment Adviser | | | 1,816 | | | | 952 | | | | 603 | |
| Payable for Investment Securities Purchased | | | — | | | | 7,615 | | | | — | |
| Custodian Fees Payable | | | 2 | | | | 1 | | | | — | |
| Total Liabilities | | | 45,253 | | | | 16,128 | | | | 14,307 | |
| Net Assets | | $ | 3,522,684 | | | $ | 1,841,387 | | | $ | 1,984,919 | |
| Net Assets Consist of: | | | | | | | | | | | | |
| Paid-in Capital | | $ | 3,269,516 | | | $ | 1,650,013 | | | $ | 1,745,779 | |
| Total Distributable Earnings | | | 253,168 | | | | 191,374 | | | | 239,140 | |
| Net Assets | | $ | 3,522,684 | | | $ | 1,841,387 | | | $ | 1,984,919 | |
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value) | | | 130,000 | | | | 70,000 | | | | 70,000 | |
| Net Asset Value, Offering and Redemption Price Per Share | | | $27.10 | | | | $26.31 | | | | $28.36 | |
The accompanying notes are an integral part of the financial statements.
114
Statements of Assets and Liabilities
October 31, 2024
| | | Global X MSCI
Emerging
Markets Covered
Call ETF | | | Global X S&P
500 Quality
Dividend Covered
Call ETF | | | Global X MLP
& Energy
Infrastructure
Covered Call
ETF | |
| Assets: | | | | | | | | | |
| Cost of Investments | | $ | 1,818,768 | | | $ | — | | | $ | — | |
| Cost of Affiliated Investments | | | — | | | | 965,676 | | | | 2,221,353 | |
| Investments, at Value | | $ | 1,987,581 | | | $ | — | | | $ | — | |
| Affiliated Investments, at Value | | | — | | | | 1,031,042 | | | | 2,563,166 | |
| Cash | | | 7,349 | | | | 1,486 | | | | 4,142 | |
| Total Assets | | | 1,994,930 | | | | 1,032,528 | | | | 2,567,308 | |
| Liabilities: | | | | | | | | | | | | |
| Options Written at Value (Premiums received $42,513, $8,784 and $40,781, respectively) | | | 10,573 | | | | 5,412 | | | | 16,554 | |
| Payable due to Investment Adviser | | | 751 | | | | 132 | | | | 298 | |
| Total Liabilities | | | 11,324 | | | | 5,544 | | | | 16,852 | |
| Net Assets | | $ | 1,983,606 | | | $ | 1,026,984 | | | $ | 2,550,456 | |
| Net Assets Consist of: | | | | | | | | | | | | |
| Paid-in Capital | | $ | 1,995,154 | | | $ | 1,027,465 | | | $ | 2,529,393 | |
| Total Distributable Earnings (Accumulated Losses) | | | (11,548 | ) | | | (481 | ) | | | 21,063 | |
| Net Assets | | $ | 1,983,606 | | | $ | 1,026,984 | | | $ | 2,550,456 | |
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value) | | | 80,000 | | | | 40,000 | | | | 100,000 | |
| Net Asset Value, Offering and Redemption Price Per Share | | | $24.80 | | | | $25.67 | | | | $25.50 | |
The accompanying notes are an integral part of the financial statements.
115
Statements of Operations
For the year ended October 31, 2024
| | | Global X S&P
500® Covered
Call ETF | | | Global X
NASDAQ 100®
Covered Call
ETF | | | Global X Russell
2000 Covered
Call ETF | | | Global X Nasdaq
100® Covered
Call & Growth
ETF | |
| Investment Income: | | | | | | | | | | | | |
| Dividend Income | | $ | 41,679,857 | | | $ | 73,855,303 | | | $ | 9,478,465 | | | $ | 987,072 | |
| Dividend Income, from Affiliated Investments | | | — | | | | — | | | | 8,834,321 | | | | — | |
| Interest Income | | | 390,356 | | | | 1,438,502 | | | | 249,430 | | | | 14,171 | |
| Less: Foreign Taxes Withheld | | | (10,290 | ) | | | (158,164 | ) | | | (21,080 | ) | | | (2,149 | ) |
| Total Investment Income | | | 42,059,923 | | | | 75,135,641 | | | | 18,541,136 | | | | 999,094 | |
| Expenses: | | | | | | | | | | | | | | | | |
| Supervision and Administration Fees(1) | | | 17,024,620 | | | | 48,113,519 | | | | 8,447,396 | | | | 502,988 | |
| Custodian Fees(2) | | | 11,923 | | | | 8,748 | | | | 22,350 | | | | 75 | |
| Total Expenses | | | 17,036,543 | | | | 48,122,267 | | | | 8,469,746 | | | | 503,063 | |
| Waiver of Supervision and Administration Fees | | | – | | | | – | | | | (637,171 | ) | | | – | |
| Net Expenses | | | 17,036,543 | | | | 48,122,267 | | | | 7,832,575 | | | | 503,063 | |
| Net Investment Income | | | 25,023,380 | | | | 27,013,374 | | | | 10,708,561 | | | | 496,031 | |
| Net Realized Gain (Loss) on: | | | | | | | | | | | | | | | | |
| Investments(3) | | | 178,493,297 | | | | 780,267,100 | | | | 102,345,282 | | | | 10,601,274 | |
| Affiliated Investments | | | — | | | | — | | | | 68,177,305 | | | | — | |
| Written Options | | | (458,553,296 | ) | | | (1,082,923,904 | ) | | | (269,500,098 | ) | | | (7,258,760 | ) |
| Net Realized Gain (Loss) | | | (280,059,999 | ) | | | (302,656,804 | ) | | | (98,977,511 | ) | | | 3,342,514 | |
| Net Change in Unrealized Appreciation (Depreciation) on: | | | | | | | | | | | | | | | | |
| Investments | | | 718,026,821 | | | | 1,852,792,969 | | | | 99,202,953 | | | | 24,412,303 | |
| Affiliated Investments | | | — | | | | — | | | | 153,915,607 | | | | — | |
| Written Options | | | 971,780 | | | | (16,737,776 | ) | | | 734,537 | | | | (136,492 | ) |
| Net Change in Unrealized Appreciation (Depreciation) | | | 718,998,601 | | | | 1,836,055,193 | | | | 253,853,097 | | | | 24,275,811 | |
| Net Realized and Unrealized Gain (Loss) | | | 438,938,602 | | | | 1,533,398,389 | | | | 154,875,586 | | | | 27,618,325 | |
| Net Increase in Net Assets Resulting from Operations | | $ | 463,961,982 | | | $ | 1,560,411,763 | | | $ | 165,584,147 | | | $ | 28,114,356 | |
| (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.
116
Statements of Operations
For the year ended October 31, 2024
| | | Global X S&P
500® Covered
Call & Growth
ETF | | | Global X
NASDAQ 100®
Risk Managed
Income ETF | | | Global X S&P
500® Risk
Managed
Income ETF | | | Global X Dow
30® Covered Call
ETF | |
| Investment Income: | | | | | | | | | | | | |
| Dividend Income | | $ | 929,591 | | | $ | 124,103 | | | $ | 483,129 | | | $ | 1,685,340 | |
| Interest Income | | | 5,001 | | | | 2,468 | | | | 5,600 | | | | — | |
| Less: Foreign Taxes Withheld | | | (473 | ) | | | (273 | ) | | | (153 | ) | | | — | |
| Total Investment Income | | | 934,119 | | | | 126,298 | | | | 488,576 | | | | 1,685,340 | |
| Expenses: | | | | | | | | | | | | | | | | |
| Supervision and Administration Fees(1) | | | 295,848 | | | | 82,776 | | | | 199,961 | | | | 512,003 | |
| Custodian Fees(2) | | | 107 | | | | 440 | | | | 392 | | | | 773 | |
| Total Expenses | | | 295,955 | | | | 83,216 | | | | 200,353 | | | | 512,776 | |
| Net Investment Income | | | 638,164 | | | | 43,082 | | | | 288,223 | | | | 1,172,564 | |
| Net Realized Gain (Loss) on: | | | | | | | | | | | | | | | | |
| Investments(3) | | | 5,017,988 | | | | 101,280 | | | | 924,190 | | | | 1,575,816 | |
| Purchased Options | | | — | | | | (944,567 | ) | | | (1,246,894 | ) | | | — | |
| Written Options | | | (5,104,566 | ) | | | (1,638,721 | ) | | | (5,050,333 | ) | | | (10,542,142 | ) |
| Net Realized Gain (Loss) | | | (86,578 | ) | | | (2,482,008 | ) | | | (5,373,037 | ) | | | (8,966,326 | ) |
| Net Change in Unrealized Appreciation (Depreciation) on: | | | | | | | | | | | | | | | | |
| Investments | | | 14,912,539 | | | | 4,125,308 | | | | 8,907,736 | | | | 18,601,637 | |
| Purchased Options | | | — | | | | 96,912 | | | | 248,158 | | | | — | |
| Written Options | | | 2,660 | | | | 36,772 | | | | 169,546 | | | | 108,362 | |
| Net Change in Unrealized Appreciation (Depreciation) | | | 14,915,199 | | | | 4,258,992 | | | | 9,325,440 | | | | 18,709,999 | |
| Net Realized and Unrealized Gain (Loss) | | | 14,828,621 | | | | 1,776,984 | | | | 3,952,403 | | | | 9,743,673 | |
| Net Increase in Net Assets Resulting from Operations | | $ | 15,466,785 | | | $ | 1,820,066 | | | $ | 4,240,626 | | | $ | 10,916,237 | |
| (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.
117
Statements of Operations
For the year ended October 31, 2024
| | | Global X Russell
2000 Covered
Call & Growth
ETF | | | Global X
Financials
Covered Call &
Growth ETF | | | Global X Health
Care Covered
Call & Growth
ETF | | | Global X
Information
Technology
Covered Call &
Growth ETF | |
| Investment Income: | | | | | | | | | | | | |
| Dividend Income | | $ | — | | | $ | 43,300 | | | $ | 45,185 | | | $ | 48,588 | |
| Dividend Income, from Affiliated Investments | | | 128,630 | | | | — | | | | — | | | | — | |
| Interest Income | | | 1,262 | | | | 142 | | | | 341 | | | | 1,214 | |
| Less: Foreign Taxes Withheld | | | — | | | | — | | | | — | | | | (46 | ) |
| Total Investment Income | | | 129,892 | | | | 43,442 | | | | 45,526 | | | | 49,756 | |
| Expenses: | | | | | | | | | | | | | | | | |
| Supervision and Administration Fees(1) | | | 39,288 | | | | 15,635 | | | | 16,729 | | | | 39,737 | |
| Custodian Fees(2) | | | 24 | | | | 1 | | | | 1 | | | | 3 | |
| Total Expenses | | | 39,312 | | | | 15,636 | | | | 16,730 | | | | 39,740 | |
| Waiver of Supervision and Administration Fees | | | (7,898 | ) | | | (1,269 | ) | | | (1,372 | ) | | | (3,275 | ) |
| Net Expenses | | | 31,414 | | | | 14,367 | | | | 15,358 | | | | 36,465 | |
| Net Investment Income | | | 98,478 | | | | 29,075 | | | | 30,168 | | | | 13,291 | |
| Net Realized Gain (Loss) on: | | | | | | | | | | | | | | | | |
| Investments(3) | | | — | | | | 517,071 | | | | 9,987 | | | | 1,107,047 | |
| Affiliated Investments | | | 1,901,691 | | | | — | | | | — | | | | — | |
| Written Options | | | (916,174 | ) | | | (291,705 | ) | | | (102,690 | ) | | | (257,512 | ) |
| Net Realized Gain (Loss) | | | 985,517 | | | | 225,366 | | | | (92,703 | ) | | | 849,535 | |
| Net Change in Unrealized Appreciation (Depreciation) on: | | | | | | | | | | | | | | | | |
| Investments | | | — | | | | 396,384 | | | | 444,782 | | | | 194,803 | |
| Affiliated Investments | | | 790,380 | | | | — | | | | — | | | | — | |
| Written Options | | | 15,074 | | | | (1,301 | ) | | | 2,988 | | | | 67,615 | |
| Foreign Currency Translations | | | (2 | ) | | | — | | | | — | | | | — | |
| Net Change in Unrealized Appreciation (Depreciation) | | | 805,452 | | | | 395,083 | | | | 447,770 | | | | 262,418 | |
| Net Realized and Unrealized Gain (Loss) | | | 1,790,969 | | | | 620,449 | | | | 355,067 | | | | 1,111,953 | |
| Net Increase in Net Assets Resulting from Operations | | $ | 1,889,447 | | | $ | 649,524 | | | $ | 385,235 | | | $ | 1,125,244 | |
| (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.
118
Statements of Operations
For the year or period ended October 31, 2024
| | | Global X
Nasdaq 100 ESG
Covered Call
ETF | | | Global X
S&P 500 ESG
Covered Call
ETF | | | Global X Dow
30® Covered Call
& Growth ETF | |
| Investment Income: | | | | | | | | | |
| Dividend Income | | $ | 22,413 | | | $ | 24,492 | | | $ | 45,522 | |
| Interest Income | | | 451 | | | | 194 | | | | 137 | |
| Less: Foreign Taxes Withheld | | | (67 | ) | | | (5 | ) | | | — | |
| Total Investment Income | | | 22,797 | | | | 24,681 | | | | 45,659 | |
| Expenses: | | | | | | | | | | | | |
| Supervision and Administration Fees(1) | | | 16,233 | | | | 10,237 | | | | 11,092 | |
| Custodian Fees(2) | | | 41 | | | | 29 | | | | 14 | |
| Total Expenses | | | 16,274 | | | | 10,266 | | | | 11,106 | |
| Net Investment Income | | | 6,523 | | | | 14,415 | | | | 34,553 | |
| Net Realized Gain (Loss) on: | | | | | | | | | | | | |
| Investments(3) | | | 274,071 | | | | 391,446 | | | | 91,899 | |
| Written Options | | | (341,587 | ) | | | (282,019 | ) | | | (142,723 | ) |
| Net Realized Gain (Loss) | | | (67,516 | ) | | | 109,427 | | | | (50,824 | ) |
| Net Change in Unrealized Appreciation (Depreciation) on: | | | | | | | | | | | | |
| Investments | | | 597,598 | | | | 207,525 | | | | 476,327 | |
| Written Options | | | 10,501 | | | | (65 | ) | | | 1,753 | |
| Net Change in Unrealized Appreciation (Depreciation) | | | 608,099 | | | | 207,460 | | | | 478,080 | |
| Net Realized and Unrealized Gain (Loss) | | | 540,583 | | | | 316,887 | | | | 427,256 | |
| Net Increase in Net Assets Resulting from Operations | | $ | 547,106 | | | $ | 331,302 | | | $ | 461,809 | |
| (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.
119
Statements of Operations
For the period ended October 31, 2024
| | | Global X MSCI
Emerging
Markets
Covered Call
ETF (1) | | | Global X S&P
500 Quality
Dividend
Covered Call
ETF (2) | | | Global X MLP
& Energy
Infrastructure
Covered Call
ETF (2) | |
| Investment Income: | | | | | | | | | |
| Dividend Income | | $ | 42,927 | | | $ | — | | | $ | — | |
| Dividend Income, from Affiliated Investments | | | — | | | | 26,546 | | | | 31,216 | |
| Interest Income | | | 352 | | | | 272 | | | | — | |
| Total Investment Income | | | 43,279 | | | | 26,818 | | | | 31,216 | |
| Expenses: | | | | | | | | | | | | |
| Supervision and Administration Fees(3) | | | 9,657 | | | | 3,741 | | | | 7,282 | |
| Custodian Fees(4) | | | — | | | | — | | | | 50 | |
| Total Expenses | | | 9,657 | | | | 3,741 | | | | 7,332 | |
| Waiver of Supervision and Administration Fees | | | (1,477 | ) | | | – | | | | – | |
| Net Expenses | | | 8,180 | | | | 3,741 | | | | 7,332 | |
| Net Investment Income | | | 35,099 | | | | 23,077 | | | | 23,884 | |
| Net Realized Gain (Loss) on: | | | | | | | | | | | | |
| Investments(5) | | | 73,219 | | | | — | | | | — | |
| Affiliated Investments | | | — | | | | 142,879 | | | | 61,920 | |
| Written Options | | | (154,989 | ) | | | (143,359 | ) | | | (287,030 | ) |
| Payment from Adviser(6) | | | — | | | | 2,192 | | | | 5,570 | |
| Net Realized Gain (Loss) | | | (81,770 | ) | | | 1,712 | | | | (219,540 | ) |
| Net Change in Unrealized Appreciation (Depreciation) on: | | | | | | | | | | | | |
| Investments | | | 168,813 | | | | — | | | | — | |
| Affiliated Investments | | | — | | | | 65,366 | | | | 341,813 | |
| Written Options | | | 31,940 | | | | 3,372 | | | | 24,227 | |
| Net Change in Unrealized Appreciation (Depreciation) | | | 200,753 | | | | 68,738 | | | | 366,040 | |
| Net Realized and Unrealized Gain (Loss) | | | 118,983 | | | | 70,450 | | | | 146,500 | |
| Net Increase in Net Assets Resulting from Operations | | $ | 154,082 | | | $ | 93,527 | | | $ | 170,384 | |
| (1) | The Fund commenced operations on November 7, 2023. |
| (2) | The Fund commenced operations on May 7, 2024. |
| (3) | 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.) |
| (4) | See Note 2 in the Notes to Financial Statements. |
| (5) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in the Notes to Financial Statements.) |
| (6) | See Note 3 in the Notes to Financial Statements. |
The accompanying notes are an integral part of the financial statements.
120
Statements of Changes in Net Assets
| | | Global X S&P 500® Covered Call
ETF | | Global X NASDAQ 100® Covered
Call 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 | | $ | 25,023,380 | | | $ | 27,392,869 | | | $ | 27,013,374 | | | $ | 22,396,738 | |
| Net Realized Gain (Loss) | | | (280,059,999 | ) | | | (233,680,467 | ) | | | (302,656,804 | ) | | | (991,313,251 | ) |
| Net Change in Unrealized Appreciation (Depreciation) | | | 718,998,601 | | | | 340,702,585 | | | | 1,836,055,193 | | | | 1,973,695,038 | |
| Net Increase in Net Assets Resulting from Operations | | | 463,961,982 | | | | 134,414,987 | | | | 1,560,411,763 | | | | 1,004,778,525 | |
| Distributions: | | | (269,977,983 | ) | | | (8,585,958 | ) | | | (949,453,576 | ) | | | — | |
| Return of Capital: | | | — | | | | (269,122,735 | ) | | | — | | | | (875,982,507 | ) |
| Capital Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | 204,369,569 | | | | 1,162,324,728 | | | | 823,504,999 | | | | 1,525,390,555 | |
| Redeemed | | | (425,260,941 | ) | | | (148,370,274 | ) | | | (844,735,665 | ) | | | (530,621,484 | ) |
| Increase (Decrease) in Net Assets from Capital Share Transactions | | | (220,891,372 | ) | | | 1,013,954,454 | | | | (21,230,666 | ) | | | 994,769,071 | |
| Total Increase (Decrease) in Net Assets | | | (26,907,373 | ) | | | 870,660,748 | | | | 589,727,521 | | | | 1,123,565,089 | |
| Net Assets: | | | | | | | | | | | | | | | | |
| Beginning of Year | | | 2,805,205,828 | | | | 1,934,545,080 | | | | 7,521,213,399 | | | | 6,397,648,310 | |
| End of Year | | $ | 2,778,298,455 | | | $ | 2,805,205,828 | | | $ | 8,110,940,920 | | | $ | 7,521,213,399 | |
| Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | 5,040,000 | | | | 28,790,000 | | | | 46,600,000 | | | | 88,410,000 | |
| Redeemed | | | (10,560,000 | ) | | | (3,670,000 | ) | | | (48,040,000 | ) | | | (31,540,000 | ) |
| Net Increase (Decrease) in Shares Outstanding from Share Transactions | | | (5,520,000 | ) | | | 25,120,000 | | | | (1,440,000 | ) | | | 56,870,000 | |
The accompanying notes are an integral part of the financial statements.
121
Statements of Changes in Net Assets
| | | Global X Russell 2000 Covered
Call ETF | | Global X Nasdaq 100® Covered
Call & Growth 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 | | $ | 10,708,561 | | | $ | 15,090,879 | | | $ | 496,031 | | | $ | 216,859 | |
| Net Realized Gain (Loss) | | | (98,977,511 | ) | | | (69,751,640 | ) | | | 3,342,514 | | | | (7,451,747 | ) |
| Net Change in Unrealized Appreciation (Depreciation) | | | 253,853,097 | | | | (56,574,026 | ) | | | 24,275,811 | | | | 20,210,906 | |
| Net Increase (Decrease) in Net Assets Resulting from Operations | | | 165,584,147 | | | | (111,234,787 | ) | | | 28,114,356 | | | | 12,976,018 | |
| Distributions: | | | (12,155,274 | ) | | | (2,455,329 | ) | | | (6,726,354 | ) | | | — | |
| Return of Capital: | | | (157,500,393 | ) | | | (170,194,451 | ) | | | — | | | | (4,776,529 | ) |
| Capital Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | 215,772,020 | | | | 488,673,691 | | | | 13,884,120 | | | | 38,046,832 | |
| Redeemed | | | (208,089,881 | ) | | | (140,992,543 | ) | | | (33,179,649 | ) | | | (5,172,322 | ) |
| Increase (Decrease) in Net Assets from Capital Share Transactions | | | 7,682,139 | | | | 347,681,148 | | | | (19,295,529 | ) | | | 32,874,510 | |
| Total Increase in Net Assets | | | 3,610,619 | | | | 63,796,581 | | | | 2,092,473 | | | | 41,073,999 | |
| Net Assets: | | | | | | | | | | | | | | | | |
| Beginning of Year | | | 1,406,037,745 | | | | 1,342,241,164 | | | | 102,178,687 | | | | 61,104,688 | |
| End of Year | | $ | 1,409,648,364 | | | $ | 1,406,037,745 | | | $ | 104,271,160 | | | $ | 102,178,687 | |
| Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | 13,260,000 | | | | 26,620,000 | | | | 470,000 | | | | 1,430,000 | |
| Redeemed | | | (12,670,000 | ) | | | (7,940,000 | ) | | | (1,120,000 | ) | | | (190,000 | ) |
| Net Increase (Decrease) in Shares Outstanding from Share Transactions | | | 590,000 | | | | 18,680,000 | | | | (650,000 | ) | | | 1,240,000 | |
The accompanying notes are an integral part of the financial statements.
122
Statements of Changes in Net Assets
| | | Global X S&P 500® Covered Call &
Growth ETF | | Global X NASDAQ 100® Risk
Managed Income 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 | | $ | 638,164 | | | $ | 562,614 | | | $ | 43,082 | | | $ | 29,997 | |
| Net Realized Gain (Loss) | | | (86,578 | ) | | | 108,169 | | | | (2,482,008 | ) | | | (3,412,973 | ) |
| Net Change in Unrealized Appreciation (Depreciation) | | | 14,915,199 | | | | 2,932,803 | | | | 4,258,992 | | | | 3,554,002 | |
| Net Increase in Net Assets Resulting from Operations | | | 15,466,785 | | | | 3,603,586 | | | | 1,820,066 | | | | 171,026 | |
| Distributions: | | | (2,972,756 | ) | | | (376,487 | ) | | | (43,082 | ) | | | — | |
| Return of Capital: | | | — | | | | (2,498,448 | ) | | | (1,631,699 | ) | | | (1,196,718 | ) |
| Capital Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | 9,004,908 | | | | 37,732,859 | | | | 6,623,412 | | | | 4,456,197 | |
| Redeemed | | | (23,210,228 | ) | | | (18,965,715 | ) | | | (1,189,146 | ) | | | (2,337,483 | ) |
| Increase (Decrease) in Net Assets from Capital Share Transactions | | | (14,205,320 | ) | | | 18,767,144 | | | | 5,434,266 | | | | 2,118,714 | |
| Total Increase (Decrease) in Net Assets | | | (1,711,291 | ) | | | 19,495,795 | | | | 5,579,551 | | | | 1,093,022 | |
| Net Assets: | | | | | | | | | | | | | | | | |
| Beginning of Year | | | 61,006,334 | | | | 41,510,539 | | | | 11,812,572 | | | | 10,719,550 | |
| End of Year | | $ | 59,295,043 | | | $ | 61,006,334 | | | $ | 17,392,123 | | | $ | 11,812,572 | |
| Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | 310,000 | | | | 1,400,000 | | | | 390,000 | | | | 250,000 | |
| Redeemed | | | (780,000 | ) | | | (690,000 | ) | | | (70,000 | ) | | | (130,000 | ) |
| Net Increase (Decrease) in Shares Outstanding from Share Transactions | | | (470,000 | ) | | | 710,000 | | | | 320,000 | | | | 120,000 | |
The accompanying notes are an integral part of the financial statements.
123
Statements of Changes in Net Assets
| | | Global X S&P 500® Risk Managed
Income ETF | | Global X Dow 30® Covered Call
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 | | $ | 288,223 | | | $ | 281,161 | | | $ | 1,172,564 | | | $ | 1,105,670 | |
| Net Realized Gain (Loss) | | | (5,373,037 | ) | | | (4,960,159 | ) | | | (8,966,326 | ) | | | (922,155 | ) |
| Net Change in Unrealized Appreciation (Depreciation) | | | 9,325,440 | | | | 4,368,747 | | | | 18,709,999 | | | | 1,596,622 | |
| Net Increase (Decrease) in Net Assets Resulting from Operations | | | 4,240,626 | | | | (310,251 | ) | | | 10,916,237 | | | | 1,780,137 | |
| Distributions: | | | (594,200 | ) | | | (41,006 | ) | | | (5,821,224 | ) | | | (609,561 | ) |
| Return of Capital: | | | (3,431,396 | ) | | | (3,063,982 | ) | | | — | | | | (4,969,158 | ) |
| Capital Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | 16,854,721 | | | | 8,369,780 | | | | 12,916,012 | | | | 40,828,893 | |
| Redeemed | | | (4,721,511 | ) | | | (2,490,395 | ) | | | (6,242,956 | ) | | | (11,067,750 | ) |
| Increase in Net Assets from Capital Share Transactions | | | 12,133,210 | | | | 5,879,385 | | | | 6,673,056 | | | | 29,761,143 | |
| Total Increase in Net Assets | | | 12,348,240 | | | | 2,464,146 | | | | 11,768,069 | | | | 25,962,561 | |
| Net Assets: | | | | | | | | | | | | | | | | |
| Beginning of Year | | | 27,097,811 | | | | 24,633,665 | | | | 78,947,151 | | | | 52,984,590 | |
| End of Year | | $ | 39,446,051 | | | $ | 27,097,811 | | | $ | 90,715,220 | | | $ | 78,947,151 | |
| Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | 890,000 | | | | 410,000 | | | | 580,000 | | | | 1,870,000 | |
| Redeemed | | | (250,000 | ) | | | (120,000 | ) | | | (280,000 | ) | | | (510,000 | ) |
| Net Increase in Shares Outstanding from Share Transactions | | | 640,000 | | | | 290,000 | | | | 300,000 | | | | 1,360,000 | |
The accompanying notes are an integral part of the financial statements.
124
Statements of Changes in Net Assets
| | | Global X Russell 2000 Covered Call
& Growth ETF | | Global X Financials Covered Call
& Growth ETF |
| | | Year Ended
October 31, 2024 | | Year Ended
October 31, 2023 | | Year Ended
October 31, 2024 | | Period Ended
October 31,
2023(1) |
| Operations: | | | | | | | | | | | | | | | | |
| Net Investment Income | | $ | 98,478 | | | $ | 35,277 | | | $ | 29,075 | | | $ | 34,690 | |
| Net Realized Gain (Loss) | | | 985,517 | | | | (20,374 | ) | | | 225,366 | | | | (21,236 | ) |
| Net Change in Unrealized Appreciation (Depreciation) | | | 805,452 | | | | (309,458 | ) | | | 395,083 | | | | (144,355 | ) |
| Net Increase (Decrease) in Net Assets Resulting from Operations | | | 1,889,447 | | | | (294,555 | ) | | | 649,524 | | | | (130,901 | ) |
| Distributions: | | | (588,288 | ) | | | (103,467 | ) | | | (138,179 | ) | | | (84,987 | ) |
| Return of Capital: | | | — | | | | (152,549 | ) | | | (609 | ) | | | (42,333 | ) |
| Capital Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | 4,734,879 | | | | 6,907,493 | | | | 3,007,844 | | | | 2,488,000 | |
| Redeemed | | | (7,902,104 | ) | | | (735,702 | ) | | | (2,165,269 | ) | | | — | |
| Increase (Decrease) in Net Assets from Capital Share Transactions | | | (3,167,225 | ) | | | 6,171,791 | | | | 842,575 | | | | 2,488,000 | |
| Total Increase (Decrease) in Net Assets | | | (1,866,066 | ) | | | 5,621,220 | | | | 1,353,311 | | | | 2,229,779 | |
| Net Assets: | | | | | | | | | | | | | | | | |
| Beginning of Year/Period | | | 8,279,411 | | | | 2,658,191 | | | | 2,229,779 | | | | — | |
| End of Year/Period | | $ | 6,413,345 | | | $ | 8,279,411 | | | $ | 3,583,090 | | | $ | 2,229,779 | |
| Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | 200,000 | | | | 300,000 | | | | 110,000 | | | | 100,000 | |
| Redeemed | | | (320,000 | ) | | | (30,000 | ) | | | (80,000 | ) | | | — | |
| Net Increase (Decrease) in Shares Outstanding from Share Transactions | | | (120,000 | ) | | | 270,000 | | | | 30,000 | | | | 100,000 | |
| (1) | The Fund commenced operations on November 21, 2022. |
The accompanying notes are an integral part of the financial statements.
125
Statements of Changes in Net Assets
| | | Global X Health Care Covered Call
& Growth ETF | | | Global X Information Technology
Covered Call & Growth ETF |
| | | Year Ended
October 31, 2024 | | Period Ended
October 31,
2023(1) | | Year Ended
October 31, 2024 | | Period Ended
October 31,
2023(1) |
| Operations: | | | | | | | | | | | | | | | | |
| Net Investment Income | | $ | 30,168 | | | $ | 28,309 | | | $ | 13,291 | | | $ | 11,876 | |
| Net Realized Gain (Loss) | | | (92,703 | ) | | | 110,750 | | | | 849,535 | | | | (36,039 | ) |
| Net Change in Unrealized Appreciation (Depreciation) | | | 447,770 | | | | (195,130 | ) | | | 262,418 | | | | 573,957 | |
| Net Increase (Decrease) in Net Assets Resulting from Operations | | | 385,235 | | | | (56,071 | ) | | | 1,125,244 | | | | 549,794 | |
| Distributions: | | | (190,549 | ) | | | (122,360 | ) | | | (698,442 | ) | | | (166,221 | ) |
| Return of Capital: | | | — | | | | — | | | | (40,076 | ) | | | — | |
| Capital Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | — | | | | 3,251,236 | | | | 7,052,518 | | | | 3,079,828 | |
| Redeemed | | | — | | | | (496,164 | ) | | | (2,488,330 | ) | | | — | |
| Increase in Net Assets from Capital Share Transactions | | | — | | | | 2,755,072 | | | | 4,564,188 | | | | 3,079,828 | |
| Total Increase in Net Assets | | | 194,686 | | | | 2,576,641 | | | | 4,950,914 | | | | 3,463,401 | |
| Net Assets: | | | | | | | | | | | | | | | | |
| Beginning of Year/Period | | | 2,576,641 | | | | — | | | | 3,463,401 | | | | — | |
| End of Year/Period | | $ | 2,771,327 | | | $ | 2,576,641 | | | $ | 8,414,315 | | | $ | 3,463,401 | |
| Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | — | | | | 130,000 | | | | 220,000 | | | | 120,000 | |
| Redeemed | | | — | | | | (20,000 | ) | | | (80,000 | ) | | | — | |
| Net Increase in Shares Outstanding from Share Transactions | | | — | | | | 110,000 | | | | 140,000 | | | | 120,000 | |
| (1) | The Fund commenced operations on November 21, 2022. |
The accompanying notes are an integral part of the financial statements.
126
Statements of Changes in Net Assets
| | | Global X Nasdaq 100 ESG Covered
Call ETF | | Global X S&P 500 ESG Covered
Call ETF |
| | | Year Ended
October 31, 2024 | | Period Ended
October 31,
2023(1) | | Year Ended
October 31, 2024 | | Period Ended
October 31,
2023(1) |
| Operations: | | | | | | | | | | | | | | | | |
| Net Investment Income | | $ | 6,523 | | | $ | 3,724 | | | $ | 14,415 | | | $ | 17,271 | |
| Net Realized Gain (Loss) | | | (67,516 | ) | | | 81,924 | | | | 109,427 | | | | (24,567 | ) |
| Net Change in Unrealized Appreciation (Depreciation) | | | 608,099 | | | | 151,990 | | | | 207,460 | | | | 52,254 | |
| Net Increase in Net Assets Resulting from Operations | | | 547,106 | | | | 237,638 | | | | 331,302 | | | | 44,958 | |
| Distributions: | | | (313,722 | ) | | | (206,140 | ) | | | (125,701 | ) | | | (44,960 | ) |
| Return of Capital: | | | — | | | | — | | | | — | | | | (86,314 | ) |
| Capital Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | 1,343,282 | | | | 3,683,183 | | | | 785,358 | | | | 3,427,824 | |
| Redeemed | | | (531,480 | ) | | | (1,237,183 | ) | | | (1,528,257 | ) | | | (962,823 | ) |
| Increase (Decrease) in Net Assets from Capital Share Transactions | | | 811,802 | | | | 2,446,000 | | | | (742,899 | ) | | | 2,465,001 | |
| Total Increase (Decrease) in Net Assets | | | 1,045,186 | | | | 2,477,498 | | | | (537,298 | ) | | | 2,378,685 | |
| Net Assets: | | | | | | | | | | | | | | | | |
| Beginning of Year/Period | | | 2,477,498 | | | | — | | | | 2,378,685 | | | | — | |
| End of Year/Period | | $ | 3,522,684 | | | $ | 2,477,498 | | | $ | 1,841,387 | | | $ | 2,378,685 | |
| Share Transactions: | | | | | | | | | | | | | | | | |
| Issued | | | 50,000 | | | | 150,000 | | | | 30,000 | | | | 140,000 | |
| Redeemed | | | (20,000 | ) | | | (50,000 | ) | | | (60,000 | ) | | | (40,000 | ) |
| Net Increase (Decrease) in Shares Outstanding from Share Transactions | | | 30,000 | | | | 100,000 | | | | (30,000 | ) | | | 100,000 | |
| (1) | The Fund commenced operations on February 21, 2023. |
The accompanying notes are an integral part of the financial statements.
127
Statements of Changes in Net Assets
| | | Global X Dow 30® Covered Call &
Growth ETF | | Global X MSCI
Emerging
Markets
Covered Call
ETF |
| | | Year Ended
October 31, 2024 | | Period Ended
October 31,
2023(1) | | Period Ended
October 31,
2024(2) |
| Operations: | | | | | | | | | | | | |
| Net Investment Income | | $ | 34,553 | | | $ | 9,566 | | | $ | 35,099 | |
| Net Realized Gain (Loss) | | | (50,824 | ) | | | 29,838 | | | | (81,770 | ) |
| Net Change in Unrealized Appreciation (Depreciation) | | | 478,080 | | | | (176,521 | ) | | | 200,753 | |
| Net Increase (Decrease) in Net Assets Resulting from Operations | | | 461,809 | | | | (137,117 | ) | | | 154,082 | |
| Distributions: | | | (75,986 | ) | | | (9,566 | ) | | | (165,630 | ) |
| Return of Capital: | | | — | | | | (13,830 | ) | | | (8,017 | ) |
| Capital Share Transactions: | | | | | | | | | | | | |
| Issued | | | — | | | | 2,580,999 | | | | 3,742,784 | |
| Redeemed | | | (821,390 | ) | | | — | | | | (1,739,613 | ) |
| Increase (Decrease) in Net Assets from Capital Share Transactions | | | (821,390 | ) | | | 2,580,999 | | | | 2,003,171 | |
| Total Increase (Decrease) in Net Assets | | | (435,567 | ) | | | 2,420,486 | | | | 1,983,606 | |
| Net Assets: | | | | | | | | | | | | |
| Beginning of Period | | | 2,420,486 | | | | — | | | | — | |
| End of Period | | $ | 1,984,919 | | | $ | 2,420,486 | | | $ | 1,983,606 | |
| Share Transactions: | | | | | | | | | | | | |
| Issued | | | — | | | | 100,000 | | | | 150,000 | |
| Redeemed | | | (30,000 | ) | | | — | | | | (70,000 | ) |
| Net Increase (Decrease) in Shares Outstanding from Share Transactions | | | (30,000 | ) | | | 100,000 | | | | 80,000 | |
| (1) | The Fund commenced operations on July 25, 2023. |
| (2) | The Fund commenced operations on November 7, 2023. |
The accompanying notes are an integral part of the financial statements.
128
Statements of Changes in Net Assets
| | | Global X S&P
500 Quality
Dividend
Covered Call
ETF | | Global X MLP
& Energy
Infrastructure
Covered Call
ETF |
| | | Period Ended
October 31,
2024(1) | | Period Ended
October 31,
2024(1) |
| Operations: | | | | | | | | |
| Net Investment Income | | $ | 23,077 | | | $ | 23,884 | |
| Net Realized Gain (Loss) | | | 1,712 | | | | (219,540 | ) |
| Net Change in Unrealized Appreciation (Depreciation) | | | 68,738 | | | | 366,040 | |
| Net Increase in Net Assets Resulting from Operations | | | 93,527 | | | | 170,384 | |
| Distributions: | | | (89,768 | ) | | | (114,089 | ) |
| Return of Capital: | | | (4,664 | ) | | | (4,801 | ) |
| Capital Share Transactions: | | | | | | | | |
| Issued | | | 2,528,762 | | | | 2,998,454 | |
| Redeemed | | | (1,500,873 | ) | | | (499,492 | ) |
| Increase in Net Assets from Capital Share Transactions | | | 1,027,889 | | | | 2,498,962 | |
| Total Increase in Net Assets | | | 1,026,984 | | | | 2,550,456 | |
| Net Assets: | | | | | | | | |
| Beginning of Period | | | — | | | | — | |
| End of Period | | $ | 1,026,984 | | | $ | 2,550,456 | |
| Share Transactions: | | | | | | | | |
| Issued | | | 100,000 | | | | 120,000 | |
| Redeemed | | | (60,000 | ) | | | (20,000 | ) |
| Net Increase in Shares Outstanding from Share Transactions | | | 40,000 | | | | 100,000 | |
| (1) | The Fund commenced operations on May 7, 2024. |
The accompanying notes are an integral part of the financial statements.
129
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® Covered Call ETF | | | | | | | | | | | | | | | | | | | |
| 2024 | | | | 38.18 | | | | 0.36 | | | | 6.17 | | | | 6.53 | | | | (3.83 | ) | | | — | | | | — | |
| 2023 | | | | 40.00 | | | | 0.43 | | | | 2.13 | | | | 2.56 | | | | (0.14 | ) | | | — | | | | (4.24 | ) |
| 2022 | | | | 50.37 | | | | 0.45 | | | | (5.50 | ) | | | (5.05 | ) | | | (1.05 | ) | | | (0.11 | ) | | | (4.16 | ) |
| 2021 | | | | 42.45 | | | | 0.39 | | | | 12.14 | | | | 12.53 | | | | (4.61 | ) | | | — | | | | — | |
| 2020 | | | | 49.39 | | | | 0.56 | | | | (4.17 | ) | | | (3.61 | ) | | | (0.58 | ) | | | — | | | | (2.75 | ) |
| Global X NASDAQ 100® Covered Call ETF | | | | | | | | | | | | | | | | | | | |
| 2024 | | | | 16.60 | | | | 0.06 | | | | 3.39 | | | | 3.45 | | | | (2.09 | ) | | | — | | | | — | |
| 2023 | | | | 16.15 | | | | 0.05 | | | | 2.44 | | | | 2.49 | | | | — | | | | — | | | | (2.04 | ) |
| 2022 | | | | 22.82 | | | | 0.05 | | | | (4.13 | ) | | | (4.08 | ) | | | (0.24 | ) | | | (0.50 | ) | | | (1.85 | ) |
| 2021 | | | | 20.65 | | | | 0.02 | | | | 4.73 | | | | 4.75 | | | | (2.58 | ) | | | — | | | | — | |
| 2020 | | | | 23.10 | | | | 0.06 | | | | (0.06 | ) | | | — | | | | (0.06 | ) | | | — | | | | (2.39 | ) |
| Global X Russell 2000 Covered Call ETF | | | | | | | | | | | | | | | | | | | | | | | |
| 2024 | | | | 16.10 | | | | 0.12 | | | | 1.78 | | | | 1.90 | | | | (0.14 | ) | | | — | | | | (1.83 | ) |
| 2023 | | | | 19.55 | | | | 0.19 | | | | (1.47 | ) | | | (1.28 | ) | | | (0.03 | ) | | | — | | | | (2.14 | ) |
| 2022 | | | | 25.18 | | | | 0.19 | | | | (3.10 | ) | | | (2.91 | ) | | | (0.44 | ) | | | (0.31 | ) | | | (1.97 | ) |
| 2021 | | | | 20.45 | | | | 0.13 | | | | 7.50 | | | | 7.63 | | | | (2.90 | ) | | | — | | | | — | |
| 2020 | | | | 25.24 | | | | 0.12 | | | | (2.51 | ) | | | (2.39 | ) | | | (0.11 | ) | | | (0.17 | ) | | | (2.12 | ) |
| * | 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) | Excluding broker fees on written options, the ratio of expenses to average net assets would have been 0.64% for the year ended October 31, 2020. The ratio of Expenses to Average Net Assets includes the effect of a waiver. If these offsets were excluded, the ratio would have been 0.64% for the year ended October 31, 2020. |
| (2) | Excluding broker fees on written options, the ratio of expenses to average net assets would have been 0.60% for the year ended October 31, 2020. The ratio of Expenses to Average Net Assets includes the effect of a waiver. If these offsets were excluded, the ratio would have been 0.60% for the year ended October 31, 2020. |
| (3) | The ratio of Expenses to Average Net Assets includes the effect of a waiver due to acquired fund fees and expenses. The ratio to Average Net Assets does not include acquired fund fees and expenses of the underlying investments, if applicable. If these offsets were excluded, the ratio would have been 0.60%, 0.60%, 0.60%, 0.60%, and 0.68% for the year ended October 31, 2020 to the year ended October 31, 2024, respectively. |
| (4) | 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 0.54%. |
Amounts designated as “—” are either $0 or have been rounded to $0.
The accompanying notes are an integral part of the financial statements.
130
Financial Highlights
Total from
Distributions ($) | 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
(%)†† |
| | | | | | | | | | | | | | | | | | | | | | | | | |
| (3.83) | | | 40.88 | | | | 17.72 | | | | 2,778,298 | | | | 0.60 | | | | 0.88 | | | | 3.83 | |
| (4.38) | | | 38.18 | | | | 6.45 | | | | 2,805,206 | | | | 0.60 | | | | 1.07 | | | | 7.90 | |
| (5.32) | | | 40.00 | | | | (10.72 | ) | | | 1,934,545 | | | | 0.60 | | | | 1.00 | | | | 15.60 | |
| (4.61) | | | 50.37 | | | | 30.67 | | | | 669,855 | | | | 0.60 | | | | 0.80 | | | | 4.84 | |
| (3.33) | | | 42.45 | | | | (7.42 | ) | | | 103,992 | | | | 0.71 | (1) | | | 1.22 | | | | 7.29 | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
| (2.09) | | | 17.96 | | | | 21.73 | | | | 8,110,941 | | | | 0.60 | | | | 0.34 | | | | 21.54 | |
| (2.04) | | | 16.60 | | | | 15.91 | | | | 7,521,213 | | | | 0.61 | | | | 0.31 | | | | 38.93 | |
| (2.59) | | | 16.15 | | | | (19.18 | ) | | | 6,397,648 | | | | 0.60 | | | | 0.25 | | | | 31.11 | |
| (2.58) | | | 22.82 | | | | 23.89 | | | | 5,036,215 | | | | 0.60 | | | | 0.11 | | | | 19.99 | |
| (2.45) | | | 20.65 | | | | 0.21 | | | | 1,325,642 | | | | 0.67 | (2) | | | 0.27 | | | | 27.87 | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
| (1.97) | | | 16.03 | | | | 12.30 | | | | 1,409,648 | | | | 0.56 | (3) | | | 0.76 | | | | 105.44 | |
| (2.17) | | | 16.10 | | | | (7.18 | ) | | | 1,406,038 | | | | 0.57 | (3) | | | 1.04 | | | | 19.24 | |
| (2.72) | | | 19.55 | | | | (12.18 | ) | | | 1,342,241 | | | | 0.55 | (3)(4) | | | 0.86 | | | | 186.48 | |
| (2.90) | | | 25.18 | | | | 38.82 | | | | 554,446 | | | | 0.50 | (3) | | | 0.53 | | | | 8.94 | |
| (2.40) | | | 20.45 | | | | (9.18 | ) | | | 21,475 | | | | 0.56 | (3) | | | 0.68 | | | | 11.16 | |
The accompanying notes are an integral part of the financial statements.
131
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 Nasdaq 100® Covered Call & Growth ETF | | | | | | | | | | | | | | | | |
| 2024 | | | | 26.07 | | | | 0.14 | | | | 7.58 | | | | 7.72 | | | | (1.90 | ) | | | — | | | | — | |
| 2023 | | | | 22.80 | | | | 0.07 | | | | 4.73 | | | | 4.80 | | | | — | | | | — | | | | (1.53 | ) |
| 2022 | | | | 33.09 | | | | 0.06 | | | | (7.29 | ) | | | (7.23 | ) | | | (0.20 | ) | | | (1.60 | ) | | | (1.26 | ) |
| 2021 | | | | 26.27 | | | | 0.02 | | | | 8.56 | | | | 8.58 | | | | (1.76 | ) | | | — | | | | — | |
| 2020(2) | | | | 26.30 | | | | — | | | | 0.11 | | | | 0.11 | | | | — | | | | — | | | | (0.14 | ) |
| Global X S&P 500® Covered Call & Growth ETF | | | | | | | | | | | | | | |
| 2024 | | | | 26.07 | | | | 0.30 | | | | 6.75 | | | | 7.05 | | | | (1.41 | ) | | | — | | | | — | |
| 2023 | | | | 25.47 | | | | 0.28 | | | | 1.75 | | | | 2.03 | | | | (0.19 | ) | | | — | | | | (1.24 | ) |
| 2022 | | | | 31.83 | | | | 0.27 | | | | (4.03 | ) | | | (3.76 | ) | | | (0.42 | ) | | | (1.10 | ) | | | (1.08 | ) |
| 2021 | | | | 24.69 | | | | 0.22 | | | | 8.29 | | | | 8.51 | | | | (1.37 | ) | | | — | | | | — | |
| 2020(2) | | | | 25.22 | | | | 0.02 | | | | (0.41 | ) | | | (0.39 | ) | | | (0.02 | ) | | | — | | | | (0.12 | ) |
| Global X NASDAQ 100® Risk Managed Income ETF | | | | | | | | | | | | | | | | | | | | | |
| 2024 | | | | 16.64 | | | | 0.05 | | | | 2.25 | | | | 2.30 | | | | (0.05 | ) | | | — | | | | (2.00 | ) |
| 2023 | | | | 18.17 | | | | 0.05 | | | | 0.58 | | | | 0.63 | | | | — | | | | — | | | | (2.16 | ) |
| 2022 | | | | 24.12 | | | | 0.04 | | | | (4.04 | ) | | | (4.00 | ) | | | (0.25 | ) | | | — | | | | (1.70 | ) |
| 2021(4) | | | | 24.60 | | | | (0.01 | ) | | | (0.16 | ) | | | (0.17 | ) | | | — | | | | — | | | | (0.31 | ) |
| * | 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) | 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 0.60%. |
| (2) | The Fund commenced operations on September 18, 2020. |
| (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 0.60% and 0.61%. |
| (4) | The Fund commenced operations on August 25, 2021. |
Amounts designated as “—” are either $0 or have been rounded to $0.
The accompanying notes are an integral part of the financial statements.
132
Financial Highlights
Total from
Distributions ($) | | 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 (%)†† |
| | | | | | | | | | | | | | | | | | | | |
| | (1.90 | ) | | | 31.89 | | | | 30.15 | | | | 104,271 | | | | 0.46 | | | | 0.46 | | | | 14.82 | |
| | (1.53 | ) | | | 26.07 | | | | 21.43 | | | | 102,179 | | | | 0.60 | | | | 0.27 | | | | 28.03 | |
| | (3.06 | ) | | | 22.80 | | | | (23.57 | ) | | | 61,105 | | | | 0.61 | (1) | | | 0.23 | | | | 18.12 | |
| | (1.76 | ) | | | 33.09 | | | | 33.42 | | | | 44,671 | | | | 0.60 | | | | 0.06 | | | | 11.21 | |
| | (0.14 | ) | | | 26.27 | | | | 0.40 | | | | 6,568 | | | | 0.60 | † | | | (0.10 | )† | | | 1.65 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (1.41 | ) | | | 31.71 | | | | 27.47 | | | | 59,295 | | | | 0.46 | | | | 1.00 | | | | 3.25 | |
| | (1.43 | ) | | | 26.07 | | | | 8.01 | | | | 61,006 | | | | 0.60 | | | | 1.05 | | | | 5.25 | |
| | (2.60 | ) | | | 25.47 | | | | (12.63 | ) | | | 41,511 | | | | 0.61 | (1) | | | 0.94 | | | | 9.36 | |
| | (1.37 | ) | | | 31.83 | | | | 35.18 | | | | 35,018 | | | | 0.60 | | | | 0.74 | | | | 12.17 | |
| | (0.14 | ) | | | 24.69 | | | | (1.60 | ) | | | 3,704 | | | | 0.60 | † | | | 0.75 | † | | | 0.75 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (2.05 | ) | | | 16.89 | | | | 14.48 | | | | 17,392 | | | | 0.60 | | | | 0.31 | | | | 8.02 | |
| | (2.16 | ) | | | 16.64 | | | | 3.42 | | | | 11,813 | | | | 0.61 | (3) | | | 0.30 | | | | 22.73 | |
| | (1.95 | ) | | | 18.17 | | | | (17.24 | ) | | | 10,720 | | | | 0.62 | (3) | | | 0.19 | | | | 27.40 | |
| | (0.31 | ) | | | 24.12 | | | | (0.69 | ) | | | 4,341 | | | | 0.60 | † | | | (0.15 | )† | | | 2.16 | |
The accompanying notes are an integral part of the financial statements.
133
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® Risk Managed Income ETF |
| 2024 | | | | 18.56 | | | | 0.16 | | | | 2.34 | | | | 2.50 | | | | (0.34 | ) | | | — | | | | (1.94 | ) |
| 2023 | | | | 21.05 | | | | 0.22 | | | | (0.29 | ) | | | (0.07 | ) | | | (0.03 | ) | | | — | | | | (2.39 | ) |
| 2022 | | | | 26.83 | | | | 0.23 | | | | (3.38 | ) | | | (3.15 | ) | | | (0.52 | ) | | | (0.07 | ) | | | (2.04 | ) |
| 2021(2) | | | | 26.77 | | | | 0.03 | | | | 0.39 | | | | 0.42 | | | | (0.36 | ) | | | — | | | | — | |
| Global X Dow 30® Covered Call ETF |
| 2024 | | | | 20.89 | | | | 0.31 | | | | 2.54 | | | | 2.85 | | | | (1.51 | ) | | | — | | | | — | |
| 2023 | | | | 21.89 | | | | 0.34 | | | | 0.38 | | | | 0.72 | | | | (0.18 | ) | | | — | | | | (1.54 | ) |
| 2022(3) | | | | 24.13 | | | | 0.22 | | | | (0.86 | ) | | | (0.64 | ) | | | (0.64 | ) | | | — | | | | (0.96 | ) |
| Global X Russell 2000 Covered Call & Growth ETF |
| 2024 | | | | 22.38 | | | | 0.30 | | | | 4.78 | | | | 5.08 | | | | (1.81 | ) | | | — | | | | — | |
| 2023 | | | | 26.58 | | | | 0.28 | | | | (2.31 | ) | | | (2.03 | ) | | | (0.17 | ) | | | (0.82 | ) | | | (1.18 | ) |
| 2022(6) | | | | 25.90 | | | | (0.01 | ) | | | 0.82 | | | | 0.81 | | | | (0.13 | ) | | | — | | | | — | |
| * | 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) | 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%. |
| (2) | The Fund commenced operations on August 25, 2021. |
| (3) | The Fund commenced operations on February 23, 2022. |
| (4) | 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 0.60%. |
| (5) | The ratio of Expenses to Average Net Assets includes the effect of a waiver due to acquired fund fees and expenses. The ratio to Average Net Assets does not include acquired fund fees and expenses of the underlying investments, if applicable. If these offsets were excluded, the ratio would have been 0.48%, 0.60% and 0.60% for the year ended October 31, 2022 to the year ended October 31, 2024, respectively. |
| (6) | The Fund commenced operations on October 4, 2022. |
Amounts designated as “—” are either $0 or have been rounded to $0.
The accompanying notes are an integral part of the financial statements.
134
Financial Highlights
Total from
Distributions ($) | | 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
(%)†† |
| | | | | | | | | | | | | | | | | | | | |
| | (2.28 | ) | | | 18.78 | | | | 14.10 | | | | 39,446 | | | | 0.60 | | | | 0.87 | | | | 3.08 | |
| | (2.42 | ) | | | 18.56 | | | | (0.61 | ) | | | 27,098 | | | | 0.60 | | | | 1.08 | | | | 4.85 | |
| | (2.63 | ) | | | 21.05 | | | | (12.39 | ) | | | 24,634 | | | | 0.63 | (1) | | | 0.97 | | | | 21.62 | |
| | (0.36 | ) | | | 26.83 | | | | 1.60 | | | | 5,902 | | | | 0.60 | † | | | 0.57 | † | | | 7.08 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (1.51 | ) | | | 22.23 | | | | 13.86 | | | | 90,715 | | | | 0.60 | | | | 1.37 | | | | 6.14 | |
| | (1.72 | ) | | | 20.89 | | | | 3.30 | | | | 78,947 | | | | 0.60 | | | | 1.55 | | | | 6.67 | |
| | (1.60 | ) | | | 21.89 | | | | (2.77 | ) | | | 52,985 | | | | 0.61 | †(4) | | | 1.42 | † | | | 8.82 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (1.81 | ) | | | 25.65 | | | | 23.12 | | | | 6,413 | | | | 0.38 | (5) | | | 1.19 | | | | 96.85 | |
| | (2.17 | ) | | | 22.38 | | | | (8.16 | ) | | | 8,279 | | | | 0.50 | (5) | | | 1.11 | | | | 5.48 | |
| | (0.13 | ) | | | 26.58 | | | | 3.14 | | | | 2,658 | | | | 0.50 | †(5) | | | (0.50 | )† | | | 0.00 | |
The accompanying notes are an integral part of the financial statements.
135
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 Financials Covered Call & Growth ETF |
| 2024 | | | | 22.30 | | | | 0.29 | | | | 6.32 | | | | 6.61 | | | | (1.34 | ) | | | — | | | | (0.01 | ) |
| 2023(2) | | | | 24.88 | | | | 0.35 | | | | (1.66 | ) | | | (1.31 | ) | | | (0.85 | ) | | | — | | | | (0.42 | ) |
| Global X Health Care Covered Call & Growth ETF |
| 2024 | | | | 23.42 | | | | 0.27 | | | | 3.23 | | | | 3.50 | | | | (1.14 | ) | | | (0.59 | ) | | | — | |
| 2023(2) | | | | 25.06 | | | | 0.27 | | | | (0.75 | ) | | | (0.48 | ) | | | (1.16 | ) | | | — | | | | — | |
| Global X Information Technology Covered Call & Growth ETF |
| 2024 | | | | 28.86 | | | | 0.06 | | | | 7.62 | | | | 7.68 | | | | (3.02 | ) | | | (0.95 | ) | | | (0.21 | ) |
| 2023(2) | | | | 24.74 | | | | 0.11 | | | | 5.55 | | | | 5.66 | | | | (1.54 | ) | | | — | | | | — | |
| * | 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 ratio of Expenses to Average Net Assets includes the effect of a waiver due to acquired fund fees and expenses. The ratio to Average Net Assets does not include acquired fund fees and expenses of the underlying investments, if applicable. If these offsets were excluded, the ratio would have been 0.60% and 0.60% for the year ended October 31, 2023 and the year ended October 31, 2024, respectively. |
| (2) | The Fund commenced operations on November 21, 2022. |
Amounts designated as “—” are either $0 or have been rounded to $0.
The accompanying notes are an integral part of the financial statements.
136
Financial Highlights
Total from
Distributions ($) | | 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
(%)†† |
| | | | | | | | | | | | | | | | | | | | |
| | (1.35 | ) | | | 27.56 | | | | 30.17 | | | | 3,583 | | | | 0.55 | (1) | | | 1.12 | | | | 3.32 | |
| | (1.27 | ) | | | 22.30 | | | | (5.40 | ) | | | 2,230 | | | | 0.54 | †(1) | | | 1.55 | † | | | 16.45 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (1.73 | ) | | | 25.19 | | | | 15.20 | | | | 2,771 | | | | 0.55 | (1) | | | 1.08 | | | | 2.34 | |
| | (1.16 | ) | | | 23.42 | | | | (2.05 | ) | | | 2,577 | | | | 0.55 | †(1) | | | 1.16 | † | | | 6.85 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (4.18 | ) | | | 32.36 | | | | 27.98 | | | | 8,414 | | | | 0.55 | (1) | | | 0.20 | | | | 22.38 | |
| | (1.54 | ) | | | 28.86 | | | | 23.27 | | | | 3,463 | | | | 0.55 | †(1) | | | 0.42 | † | | | 13.93 | |
The accompanying notes are an integral part of the financial statements.
137
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 Nasdaq 100 ESG Covered Call ETF |
| 2024 | | | | 24.77 | | | | 0.06 | | | | 5.33 | | | | 5.39 | | | | (2.75 | ) | | | (0.31 | ) | | | — | |
| 2023(1) | | | | 24.46 | | | | 0.04 | | | | 2.33 | | | | 2.37 | | | | (2.06 | ) | | | — | | | | — | |
| Global X S&P 500 ESG Covered Call ETF |
| 2024 | | | | 23.79 | | | | 0.22 | | | | 4.23 | | | | 4.45 | | | | (1.93 | ) | | | — | | | | — | |
| 2023(1) | | | | 24.65 | | | | 0.17 | | | | 0.28 | | | | 0.45 | | | | (0.45 | ) | | | — | | | | (0.86 | ) |
| Global X Dow 30® Covered Call & Growth ETF |
| 2024 | | | | 24.20 | | | | 0.40 | | | | 4.67 | | | | 5.07 | | | | (0.91 | ) | | | — | | | | — | |
| 2023(2) | | | | 25.81 | | | | 0.10 | | | | (1.48 | ) | | | (1.38 | ) | | | (0.09 | ) | | | — | | | | (0.14 | ) |
| * | 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 February 21, 2023. |
| (2) | The Fund commenced operations on July 25, 2023. |
Amounts designated as “—” are either $0 or have been rounded to $0.
The accompanying notes are an integral part of the financial statements.
138
Financial Highlights
Total from
Distributions ($) | | 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
(%)†† |
| | | | | | | | | | | | | | | | | | | | |
| | (3.06 | ) | | | 27.10 | | | | 22.73 | | | | 3,523 | | | | 0.60 | | | | 0.24 | | | | 15.87 | |
| | (2.06 | ) | | | 24.77 | | | | 9.67 | | | | 2,478 | | | | 0.61 | † | | | 0.21 | † | | | 11.82 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (1.93 | ) | | | 26.31 | | | | 19.16 | | | | 1,841 | | | | 0.60 | | | | 0.85 | | | | 13.37 | |
| | (1.31 | ) | | | 23.79 | | | | 1.79 | | | | 2,379 | | | | 0.60 | † | | | 1.00 | † | | | 13.87 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (0.91 | ) | | | 28.36 | | | | 21.13 | | | | 1,985 | | | | 0.48 | | | | 1.49 | | | | 6.08 | |
| | (0.23 | ) | | | 24.20 | | | | (5.35 | ) | | | 2,421 | | | | 0.60 | † | | | 1.43 | † | | | 0.21 | |
The accompanying notes are an integral part of the financial statements.
139
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 MSCI Emerging Markets Covered Call ETF |
| 2024(1) | | | | 25.01 | | | | 0.53 | | | | 1.90 | | | | 2.43 | | | | (2.52 | ) | | | — | | | | (0.12 | ) |
| Global X S&P 500 Quality Dividend Covered Call ETF |
| 2024(3) | | | | 25.06 | | | | 0.26 | | | | 1.36 | | | | 1.62 | | | | (0.96 | ) | | | — | | | | (0.05 | ) |
| Global X MLP & Energy Infrastructure Covered Call ETF |
| 2024(3) | | | | 24.95 | | | | 0.24 | | | | 1.50 | | | | 1.74 | | | | (1.14 | ) | | | — | | | | (0.05 | ) |
| * | 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. |
| # | Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. (See Note 3 in the Notes to Financial Statements.) |
| (1) | The Fund commenced operations on November 7, 2023. |
| (2) | The ratio of Expenses to Average Net Assets includes the effect of a waiver due to acquired fund fees and expenses. The ratio to Average Net Assets does not include acquired fund fees and expenses of the underlying investments, if applicable. If these offsets were excluded, the ratio would have been 0.60% for the year ended October 31, 2024. |
| (3) | The Fund commenced operations on May 7, 2024. |
Amounts designated as “—” are either $0 or have been rounded to $0.
The accompanying notes are an integral part of the financial statements.
140
Financial Highlights
Total from
Distributions ($) | | 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
(%)†† |
| | | | | | | | | | | | | | | | | | | | |
| | (2.64 | ) | | | 24.80 | | | | 10.30 | | | | 1,984 | | | | 0.51 | †(2) | | | 2.18 | † | | | 7.45 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (1.01 | ) | | | 25.67 | | | | 6.68 | | | | 1,027 | | | | 0.35 | #† | | | 2.15 | † | | | 3.19 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (1.19 | ) | | | 25.50 | | | | 7.09 | | | | 2,550 | | | | 0.60 | #† | | | 1.96 | † | | | 2.51 | |
The accompanying notes are an integral part of the financial statements.
141
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 S&P 500® Covered Call ETF, Global X NASDAQ 100® Covered Call ETF, Global X Russell 2000 Covered Call ETF, Global X Nasdaq 100® Covered Call & Growth ETF, Global X S&P 500® Covered Call & Growth ETF, Global X NASDAQ 100® Risk Managed Income ETF, Global X S&P 500® Risk Managed Income ETF, Global X Dow 30® Covered Call ETF, Global X Russell 2000 Covered Call & Growth ETF, Global X Financials Covered Call & Growth ETF, Global X Health Care Covered Call & Growth ETF, Global X Information Technology Covered Call & Growth ETF, Global X Nasdaq 100 ESG Covered Call ETF, Global X S&P 500 ESG Covered Call ETF, Global X Dow 30® Covered Call & Growth ETF, Global X MSCI Emerging Markets Covered Call ETF, Global X S&P 500 Quality Dividend Covered Call ETF and Global X MLP & Energy Infrastructure Covered Call ETF (each a “Fund”, and collectively, the “Funds”).
Each Fund (except the Global X Russell 2000 Covered Call ETF, Global X Dow 30® Covered Call ETF, Global X S&P 500® Covered Call ETF, Global X S&P 500® Covered Call & Growth ETF and Global X S&P 500® Risk Managed Income ETF) has elected non-diversified status under the 1940 Act.
The Global X MSCI Emerging Markets Covered Call ETF commenced operations on November 7, 2023.
The Global X S&P 500 Quality Dividend Covered Call ETF commenced operations on May 7, 2024.
The Global X MLP & Energy Infrastructure Covered Call ETF commenced operations on May 7, 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.
142
Notes to Financial Statements (Continued)
October 31, 2024
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
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 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.
143
Notes to Financial Statements (Continued)
October 31, 2024
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
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 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
144
Notes to Financial Statements (Continued)
October 31, 2024
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
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 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
145
Notes to Financial Statements (Continued)
October 31, 2024
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
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 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.
146
Notes to Financial Statements (Continued)
October 31, 2024
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
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-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 year or 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.
147
Notes to Financial Statements (Continued)
October 31, 2024
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
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.
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 S&P 500® Covered Call ETF | | | 10,000 | | | $ | 1,700 | | | $ | 1,700 | |
| Global X NASDAQ 100® Covered Call ETF | | | 10,000 | | | | 300 | | | | 300 | |
| Global X Russell 2000 Covered Call ETF | | | 10,000 | | | | 250 | | | | 250 | |
| Global X Nasdaq 100® Covered Call & Growth ETF | | | 10,000 | | | | 250 | | | | 250 | |
| Global X S&P 500® Covered Call & Growth ETF | | | 10,000 | | | | 800 | | | | 800 | |
| Global X NASDAQ 100® Risk Managed Income ETF | | | 10,000 | | | | 250 | | | | 250 | |
| Global X S&P 500® Risk Managed Income ETF | | | 10,000 | | | | 800 | | | | 800 | |
| Global X Dow 30® Covered Call ETF | | | 10,000 | | | | 250 | | | | 250 | |
| Global X Russell 2000 Covered Call & Growth ETF | | | 10,000 | | | | 250 | | | | 250 | |
| Global X Financials Covered Call & Growth ETF | | | 10,000 | | | | 250 | | | | 250 | |
| Global X Health Care Covered Call & Growth ETF | | | 10,000 | | | | 250 | | | | 250 | |
| Global X Information Technology Covered Call & Growth ETF | | | 10,000 | | | | 250 | | | | 250 | |
| Global X Nasdaq 100 ESG Covered Call ETF | | | 10,000 | | | | 250 | | | | 250 | |
| Global X S&P 500 ESG Covered Call ETF | | | 10,000 | | | | 500 | | | | 500 | |
148
Notes to Financial Statements (Continued)
October 31, 2024
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
| | | Creation
Unit
Shares | | Creation
Fee | | Redemption
Fee |
| Global X Dow 30® Covered Call & Growth ETF | | | 10,000 | | | $ | 250 | | | $ | 250 | |
| Global X MSCI Emerging Markets Covered Call ETF | | | 10,000 | | | | 50 | | | | 50 | |
| Global X S&P 500 Quality Dividend Covered Call ETF | | | 10,000 | | | | 50 | | | | 50 | |
| Global X MLP & Energy Infrastructure Covered Call ETF | | | 10,000 | | | | 50 | | | | 50 | |
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 on or about November 8, 2023, BBH served as the Custodian for the Global X Nasdaq 100® Covered Call & Growth ETF and Global X S&P 500® Covered Call & Growth ETF, 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 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
149
Notes to Financial Statements (Continued)
October 31, 2024
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
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 S&P 500® Covered Call ETF , Global X NASDAQ 100® Covered Call ETF, Global X Russell 2000 Covered Call ETF, Global X Nasdaq 100® Covered Call & Growth ETF, Global X S&P 500® Covered Call & Growth ETF, Global X NASDAQ 100® Risk Managed Income ETF, Global X S&P 500® Risk Managed Income ETF, Global X Dow 30® Covered Call ETF, Global X Russell 2000 Covered Call & Growth ETF, Global X Financials Covered Call & Growth ETF, Global X Health Care Covered Call & Growth ETF, Global X Information Technology Covered Call & Growth ETF, Global X Nasdaq 100 ESG Covered Call ETF, Global X S&P 500 ESG Covered Call ETF, Global X Dow 30® Covered Call & Growth ETF, Global X MSCI Emerging Markets Covered Call ETF, Global X S&P 500 Quality Dividend Covered Call ETF and Global X MLP & Energy Infrastructure Covered Call 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.
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.
150
Notes to Financial Statements (Continued)
October 31, 2024
3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)
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 the Fund) (“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).
The Supervision and Administration Agreement for the Funds provides that the Adviser also bears the costs for acquired fund fees and expenses generated by investments by the Funds in affiliated investment companies. For the period ended October 31, 2024, the Adviser paid acquired fund fees and expenses of $2,192 and $5,570 for the Global X S&P 500 Quality Dividend Covered Call ETF and Global X MLP & Energy Infrastructure Covered Call ETF, respectively, and made such reimbursement payments to the Funds on a monthly basis. These amounts are included in Payment from Adviser on the Statements of Operations.
The following table discloses supervision and administration fees payable pursuant to the Supervision and Administration Agreement:
| | | Supervision and
Administration Fee |
| Global X S&P 500® Covered Call ETF | | | 0.60 | % |
| Global X NASDAQ 100® Covered Call ETF | | | 0.60 | % |
| Global X Russell 2000 Covered Call ETF(1) | | | 0.60 | % |
| Global X NASDAQ 100® Covered Call & Growth ETF(2) | | | 0.35 | % |
| Global X S&P 500® Covered Call & Growth ETF(3) | | | 0.35 | % |
| Global X NASDAQ 100® Risk Managed Income ETF | | | 0.60 | % |
| Global X S&P 500® Risk Managed Income ETF | | | 0.60 | % |
| Global X Dow 30® Covered Call ETF | | | 0.60 | % |
| Global X Russell 2000 Covered Call & Growth ETF(4) | | | 0.35 | % |
| Global X Financials Covered Call & Growth ETF(5) | | | 0.60 | % |
| Global X Health Care Covered Call & Growth ETF(6) | | | 0.60 | % |
| Global X Information Technology Covered Call & Growth ETF(7) | | | 0.60 | % |
| Global X Nasdaq 100 ESG Covered Call ETF | | | 0.60 | % |
| Global X S&P 500 ESG Covered Call ETF | | | 0.60 | % |
| Global X Dow 30® Covered Call & Growth ETF(8) | | | 0.35 | % |
| Global X MSCI Emerging Markets Covered Call ETF(9) | | | 0.60 | % |
| Global X S&P 500 Quality Dividend Covered Call ETF | | | 0.35 | % |
| Global X MLP & Energy Infrastructure Covered Call ETF | | | 0.60 | % |
(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 Russell 2000 Covered Call ETF to the extent
151
Notes to Financial Statements (Continued)
October 31, 2024
3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)
necessary to assure that the operating expenses of the Global X Russell 2000 Covered Call ETF (exclusive of taxes, brokerage fees, commissions, and other transaction expenses, interest, and extraordinary expenses (such as litigation and indemnification expenses)) will not exceed 0.60% of the average daily net assets of the Global X Russell 2000 Covered Call ETF per year until at least March 1, 2025.
(2) Effective April 11, 2024, the Supervision and Administration Fee for the Global X NASDAQ 100® Covered Call & Growth ETF was reduced to 0.35%. Prior to that, the Fund was subject to a Supervision and Administration Fee of 0.60%.
(3) Effective April 11, 2024, the Supervision and Administration Fee for the Global X S&P 500® Covered Call & Growth ETF was reduced to 0.35%. Prior to that, the Fund was subject to a Supervision and Administration Fee of 0.60%.
(4) Effective April 11, 2024, the Supervision and Administration Fee for the Global X Russell 2000 Covered Call & Growth ETF was reduced to 0.35%. Prior to that, the Fund was subject to a Supervision and Administration Fee of 0.60%. Pursuant to an Expense Limitation Agreement, the Adviser has contractually agreed to reimburse or waive fees and/or limit expenses for the Global X Russell 2000 Covered Call & Growth ETF to the extent necessary to assure that the operating expenses of the Global X Russell 2000 Covered Call & Growth ETF (exclusive of taxes, brokerage fees, commissions, and other transaction expenses, interest, and extraordinary expenses (such as litigation and indemnification expenses)) will not exceed 0.35% of the average daily net assets of the Global X Russell 2000 Covered Call & Growth ETF per year until at least April 12, 2025.
(5) Pursuant to an Expense Limitation Agreement, the Adviser has contractually agreed to reimburse or waive fees and/or limit expenses for the Global X Financials Covered Call & Growth ETF to the extent necessary to assure that the operating expenses of the Global X Financials Covered Call & Growth ETF (exclusive of taxes, brokerage fees, commissions, and other transaction expenses, interest and extraordinary expenses (such as litigation and indemnification expenses)) will not exceed 0.60% of the average daily net assets of the Global X Financials Covered Call & Growth ETF per year until at least March 1, 2026.
(6) Pursuant to an Expense Limitation Agreement, the Adviser has contractually agreed to reimburse or waive fees and/or limit expenses for the Global X Health Care Covered Call & Growth ETF to the extent necessary to assure that the operating expenses of the Global X Health Care Covered Call & Growth ETF (exclusive of taxes, brokerage fees, commissions, and other transaction expenses, interest and extraordinary expenses (such as litigation and indemnification expenses)) will not exceed 0.60% of the average daily net assets of the Global X Health Care Covered Call & Growth ETF per year until at least March 1, 2026.
(7) Pursuant to an Expense Limitation Agreement, the Adviser has contractually agreed to reimburse or waive fees and/or limit expenses for the Global X Information Technology Covered Call & Growth ETF to the extent necessary to assure that the operating expenses of the Global X Information Technology Covered Call & Growth ETF (exclusive of taxes, brokerage fees, commissions, and other transaction expenses, interest and extraordinary expenses (such as litigation and indemnification expenses)) will
152
Notes to Financial Statements (Continued)
October 31, 2024
3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)
not exceed 0.60% of the average daily net assets of the Global X Information Technology Covered Call & Growth ETF per year until at least March 1, 2026.
(8) Effective April 11, 2024, the Supervision and Administration Fee for the Global X Dow 30® Covered Call & Growth ETF was reduced to 0.35%. Prior to that, the Fund was subject to a Supervision and Administration Fee of 0.60%.
(9) Pursuant to an Expense Limitation Agreement, the Adviser has contractually agreed to reimburse or waive fees and/or limit expenses for the Global X MSCI Emerging Markets Covered Call ETF to the extent necessary to assure that the operating expenses of the Global X MSCI Emerging Markets Covered Call ETF (exclusive of taxes, brokerage fees, commissions, and other transaction expenses, interest, and extraordinary expenses (such as litigation and indemnification expenses)) will not exceed 0.60% of the average daily net assets of the Global X MSCI Emerging Markets Covered Call 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 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 S&P 500® Covered Call ETF, Global X NASDAQ 100® Covered Call ETF, Global X Russell 2000 Covered Call ETF, Global X Dow 30® Covered Call ETF, and Global X MLP & Energy Infrastructure Covered Call 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
153
Notes to Financial Statements (Continued)
October 31, 2024
3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)
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 S&P 500® Covered Call ETF, Global X NASDAQ 100® Covered Call ETF, Global X Russell 2000 Covered Call ETF, Global X Dow 30® Covered Call ETF, and Global X MLP & Energy Infrastructure Covered Call 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 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 Funds, 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, transfer agent and securities lending agent for the Global X Nasdaq 100® Covered Call & Growth ETF and Global X S&P 500® Covered Call & Growth ETF transitioned from BBH to BNY Mellon on or about November 8, 2023.
154
Notes to Financial Statements (Continued)
October 31, 2024
4. INVESTMENT TRANSACTIONS
For the year or 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 S&P 500® Covered Call ETF | | $ | 110,001,892 | | | $ | 818,935,388 | |
| Global X NASDAQ 100® Covered Call ETF | | | 1,751,192,980 | | | | 3,763,248,668 | |
| Global X Russell 2000 Covered Call ETF | | | 1,523,971,359 | | | | 1,951,291,740 | |
| Global X Nasdaq 100® Covered Call & Growth ETF | | | 16,125,734 | | | | 29,434,785 | |
| Global X S&P 500® Covered Call & Growth ETF | | | 2,069,421 | | | | 9,560,583 | |
| Global X NASDAQ 100® Risk Managed Income ETF | | | 1,125,122 | | | | 5,323,920 | |
| Global X S&P 500® Risk Managed Income ETF | | | 1,038,871 | | | | 10,903,275 | |
| Global X Dow 30® Covered Call ETF | | | 5,299,409 | | | | 20,474,540 | |
| Global X Russell 2000 Covered Call & Growth ETF | | | 8,081,874 | | | | 9,466,317 | |
| Global X Financials Covered Call & Growth ETF | | | 88,391 | | | | 490,466 | |
| Global X Health Care Covered Call & Growth ETF | | | 65,366 | | | | 325,764 | |
| Global X Information Technology Covered Call & Growth ETF | | | 1,488,238 | | | | 2,398,077 | |
| Global X Nasdaq 100 ESG Covered Call ETF | | | 441,046 | | | | 1,086,432 | |
| Global X S&P 500 ESG Covered Call ETF | | | 233,118 | | | | 620,841 | |
| Global X Dow 30® Covered Call & Growth ETF | | | 142,586 | | | | 308,682 | |
| Global X MSCI Emerging Markets Covered Call ETF | | | 127,508 | | | | 430,924 | |
| Global X S&P 500 Quality Dividend Covered Call ETF | | | 73,385 | | | | 221,414 | |
| Global X MLP & Energy Infrastructure Covered Call ETF | | | 64,596 | | | | 435,482 | |
During the year or period ended October 31, 2024, there were no purchases or sales of long-term U.S. Government securities for the Funds.
155
Notes to Financial Statements (Continued)
October 31, 2024
4. INVESTMENT TRANSACTIONS (continued)
For the year or period ended October 31, 2024, in-kind transactions associated with creations and redemptions were:
| | | Purchases | | Sales | | Realized
Gain/(Loss) |
| Global X S&P 500® Covered Call ETF | | $ | 208,775,428 | | | $ | 430,273,625 | | | $ | 149,068,997 | |
| Global X NASDAQ 100® Covered Call ETF | | | 833,094,711 | | | | 859,955,945 | | | | 466,677,678 | |
| Global X Russell 2000 Covered Call ETF | | | 223,335,694 | | | | 213,581,141 | | | | 23,121,668 | |
| Global X Nasdaq 100® Covered Call & Growth ETF | | | 13,992,920 | | | | 33,549,678 | | | | 11,451,219 | |
| Global X S&P 500® Covered Call & Growth ETF | | | 9,000,495 | | | | 23,208,306 | | | | 5,700,617 | |
| Global X NASDAQ 100® Risk Managed Income ETF | | | 6,741,352 | | | | 1,244,174 | | | | 403,747 | |
| Global X S&P 500® Risk Managed Income ETF | | | 16,846,230 | | | | 4,731,920 | | | | 1,546,545 | |
| Global X Dow 30® Covered Call ETF | | | 13,145,497 | | | | 6,299,410 | | | | 1,543,511 | |
| Global X Russell 2000 Covered Call & Growth ETF | | | 4,797,585 | | | | 7,980,406 | | | | 965,686 | |
| Global X Financials Covered Call & Growth ETF | | | 3,006,424 | | | | 2,159,342 | | | | 482,861 | |
| Global X Health Care Covered Call & Growth ETF | | | – | | | | – | | | | – | |
| Global X Information Technology Covered Call & Growth ETF | | | 7,090,537 | | | | 2,504,112 | | | | 937,099 | |
| Global X Nasdaq 100 ESG Covered Call ETF | | | 1,381,383 | | | | 546,756 | | | | 179,216 | |
| Global X S&P 500 ESG Covered Call ETF | | | 800,900 | | | | 1,554,654 | | | | 335,545 | |
| Global X Dow 30® Covered Call & Growth ETF | | | – | | | | 838,248 | | | | 79,316 | |
| Global X MSCI Emerging Markets Covered Call ETF | | | 3,790,539 | | | | 1,741,573 | | | | 58,198 | |
| Global X S&P 500 Quality Dividend Covered Call ETF | | | 2,528,254 | | | | 1,557,428 | | | | 133,289 | |
| Global X MLP & Energy Infrastructure Covered Call ETF | | | 3,032,688 | | | | 502,368 | | | | 35,232 | |
156
Notes to Financial Statements (Continued)
October 31, 2024
5. DERIVATIVE TRANSACTIONS
The following tables show the fair value of 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 S&P 500® Covered Call ETF | | | | | | | | | | | | |
| Equity contracts | | Investments, at value | | $ | – | | | Equity contracts | | Options written, at value | | $ | 15,685,270 | |
| Total Derivatives not accounted for as hedging instruments | | | | $ | – | | | | | | | $ | 15,685,270 | |
| | | | | | | | | | | | | | | |
| Global X NASDAQ 100® Covered Call ETF | | | | | | | | | | | | |
| Equity contracts | | Investments, at value | | $ | – | | | Equity contracts | | Options written, at value | | $ | 97,653,255 | |
| Total Derivatives not accounted for as hedging instruments | | | | $ | – | | | | | | | $ | 97,653,255 | |
| | | | | | | | | | | | | | | |
| Global X Russell 2000 Covered Call ETF | | | | | | | | | | | | |
| Equity contracts | | Investments, at value | | $ | – | | | Equity contracts | | Options written, at value | | $ | 15,652,560 | |
| Total Derivatives not accounted for as hedging instruments | | | | $ | – | | | | | | | $ | 15,652,560 | |
| | | | | | | | | | | | | | | |
| Global X Nasdaq 100® Covered Call & Growth ETF | | | | | | | | | | | | |
| Equity contracts | | Investments, at value | | $ | – | | | Equity contracts | | Options written, at value | | $ | 615,810 | |
| Total Derivatives not accounted for as hedging instruments | | | | $ | – | | | | | | | $ | 615,810 | |
| | | | | | | | | | | | | | | |
| Global X S&P 500® Covered Call & Growth ETF | | | | | | | | | | | | |
| Equity contracts | | Investments, at value | | $ | – | | | Equity contracts | | Options written, at value | | $ | 166,660 | |
| Total Derivatives not accounted for as hedging instruments | | | | $ | – | | | | | | | $ | 166,660 | |
| | | | | | | | | | | | | | | |
| Global X NASDAQ 100® Risk Managed Income ETF | | | | | | | | | | | | |
| Equity contracts | | Investments, at value | | $ | 182,997 | ** | | Equity contracts | | Options written, at value | | $ | 208,230 | |
| Total Derivatives not accounted for as hedging instruments | | | | $ | 182,997 | | | | | | | $ | 208,230 | |
157
Notes to Financial Statements (Continued)
October 31, 2024
5. DERIVATIVE TRANSACTIONS (continued)
| Asset Derivatives | | Liability Derivatives |
| | | | | Fair Value | | | | | | | Fair Value | |
| | | | | | | | | | | | | | | |
| Global X S&P 500® Risk Managed Income ETF | | | | | | | | | | | | |
| Equity contracts | | Investments, at value | | $ | 334,488 | ** | | Equity contracts | | Options written, at value | | $ | 219,888 | |
| Total Derivatives not accounted for as hedging instruments | | | | $ | 334,488 | | | | | | | $ | 219,888 | |
| | | | | | | | | | | | | | | |
| Global X Dow 30® Covered Call ETF | | | | | | | | | | | | |
| Equity contracts | | Investments, at value | | $ | – | | | Equity contracts | | Options written, at value | | $ | 1,256,200 | |
| Total Derivatives not accounted for as hedging instruments | | | | $ | – | | | | | | | $ | 1,256,200 | |
| | | | | | | | | | | | | | | |
| Global X Russell 2000 Covered Call & Growth ETF | | | | | | | | | | | | |
| Equity contracts | | Investments, at value | | $ | – | | | Equity contracts | | Options written, at value | | $ | 37,318 | |
| Total Derivatives not accounted for as hedging instruments | | | | $ | – | | | | | | | $ | 37,318 | |
| | | | | | | | | | | | | | | |
| Global X Financials Covered Call & Growth ETF | | | | | | | | | | | | |
| Equity contracts | | Investments, at value | | $ | – | | | Equity contracts | | Options written, at value | | $ | 15,287 | |
| Total Derivatives not accounted for as hedging instruments | | | | $ | – | | | | | | | $ | 15,287 | |
| | | | | | | | | | | | | | | |
| Global X Health Care Covered Call & Growth ETF | | | | | | | | | | | | |
| Equity contracts | | Investments, at value | | $ | – | | | Equity contracts | | Options written, at value | | $ | 3,008 | |
| Total Derivatives not accounted for as hedging instruments | | | | $ | – | | | | | | | $ | 3,008 | |
| | | | | | | | | | | | | | | |
| Global X Information Technology Covered Call & Growth ETF | | | | | | | | | | | | |
| Equity contracts | | Investments, at value | | $ | – | | | Equity contracts | | Options written, at value | | $ | 43,985 | |
| Total Derivatives not accounted for as hedging instruments | | | | $ | – | | | | | | | $ | 43,985 | |
158
Notes to Financial Statements (Continued)
October 31, 2024
5. DERIVATIVE TRANSACTIONS (continued)
| Asset Derivatives | | Liability Derivatives |
| | | | | Fair Value | | | | | | | Fair Value | |
| | | | | | | | | | | | | | | |
| Global X Nasdaq 100 ESG Covered Call ETF | | | | | | | | | | | | |
| Equity contracts | | Investments, at value | | $ | – | | | Equity contracts | | Options written, at value | | $ | 43,435 | |
| Total Derivatives not accounted for as hedging instruments | | | | $ | – | | | | | | | $ | 43,435 | |
| | | | | | | | | | | | | | | |
| Global X S&P 500 ESG Covered Call ETF | | | | | | | | | | | | |
| Equity contracts | | Investments, at value | | $ | – | | | Equity contracts | | Options written, at value | | $ | 7,560 | |
| Total Derivatives not accounted for as hedging instruments | | | | $ | – | | | | | | | $ | 7,560 | |
| | | | | | | | | | | | | | | |
| Global X Dow 30® Covered Call & Growth ETF | | | | | | | | | | | | |
| Equity contracts | | Investments, at value | | $ | – | | | Equity contracts | | Options written, at value | | $ | 13,704 | |
| Total Derivatives not accounted for as hedging instruments | | | | $ | – | | | | | | | $ | 13,704 | |
| | | | | | | | | | | | | | | |
| Global X MSCI Emerging Markets Covered Call ETF | | | | | | | | | | | | |
| Equity contracts | | Investments, at value | | $ | – | | | Equity contracts | | Options written, at value | | $ | 10,573 | |
| Total Derivatives not accounted for as hedging instruments | | | | $ | – | | | | | | | $ | 10,573 | |
| | | | | | | | | | | | | | | |
| Global X S&P 500 Quality Dividend Covered Call ETF | | | | | | | | | | | | |
| Equity contracts | | Investments, at value | | $ | – | | | Equity contracts | | Options written, at value | | $ | 5,412 | |
| Total Derivatives not accounted for as hedging instruments | | | | $ | – | | | | | | | $ | 5,412 | |
| | | | | | | | | | | | | | | |
| Global X MLP & Energy Infrastructure Covered Call ETF | | | | | | | | | | | | |
| Equity contracts | | Investments, at value | | $ | – | | | Equity contracts | | Options written, at value | | $ | 16,554 | |
| Total Derivatives not accounted for as hedging instruments | | | | $ | – | | | | | | | $ | 16,554 | |
| ** | Includes purchased options and/or swaptions. |
159
Notes to Financial Statements (Continued)
October 31, 2024
5. DERIVATIVE TRANSACTIONS (continued)
The effect of derivative instruments on the Statements of Operations for the year or period ended October 31, 2024: Amount of realized gain or (loss) on derivatives recognized in income:
| | | Purchased
Options | | Written
Options | |
| Global X S&P 500® Covered Call ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | (458,553,296 | ) | |
| | | | | | | | | | |
| Global X NASDAQ 100® Covered Call ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | (1,082,923,904 | ) | |
| | | | | | | | | | |
| Global X Russell 2000 Covered Call ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | (269,500,098 | ) | |
| | | | | | | | | | |
| Global X Nasdaq 100® Covered Call & Growth ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | (7,258,760 | ) | |
| | | | | | | | | | |
| Global X S&P 500® Covered Call & Growth ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | (5,104,566 | ) | |
| | | | | | | | | | |
| Global X NASDAQ 100® Risk Managed Income ETF | | | | | | | | | |
| Equity contracts | | $ | (944,567) | | | $ | (1,638,721 | ) | |
| | | | | | | | | | |
| Global X S&P 500® Risk Managed Income ETF | | | | | | | | | |
| Equity contracts | | $ | (1,246,894) | | | $ | (5,050,333 | ) | |
| | | | | | | | | | |
| Global X Dow 30® Covered Call ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | (10,542,142 | ) | |
| | | | | | | | | | |
| Global X Russell 2000 Covered Call & Growth ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | (916,174 | ) | |
| | | | | | | | | | |
| Global X Financials Covered Call & Growth ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | (291,705 | ) | |
| | | | | | | | | | |
| Global X Health Care Covered Call & Growth ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | (102,690 | ) | |
| | | | | | | | | | |
| Global X Information Technology Covered Call & Growth ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | (257,512 | ) | |
| | | | | | | | | | |
| Global X Nasdaq 100 ESG Covered Call ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | (341,587 | ) | |
| | | | | | | | | | |
| Global X S&P 500 ESG Covered Call ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | (282,019 | ) | |
160
Notes to Financial Statements (Continued)
October 31, 2024
5. DERIVATIVE TRANSACTIONS (continued)
| | | Purchased
Options | | Written
Options | |
| Global X Dow 30® Covered Call & Growth ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | (142,723 | ) | |
| | | | | | | | | | |
| Global X MSCI Emerging Markets Covered Call ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | (154,989 | ) | |
| | | | | | | | | | |
| Global X S&P 500 Quality Dividend Covered Call ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | (143,359 | ) | |
| | | | | | | | | | |
| Global X MLP & Energy Infrastructure Covered Call ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | (287,030 | ) | |
Change in unrealized appreciation or (depreciation) on derivatives recognized in income:
| | | Purchased
Options | | Written
Options | |
| Global X S&P 500® Covered Call ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | 971,780 | | |
| | | | | | | | | | |
| Global X NASDAQ 100® Covered Call ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | (16,737,776 | ) | |
| | | | | | | | | | |
| Global X Russell 2000 Covered Call ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | 734,537 | | |
| | | | | | | | | | |
| Global X Nasdaq 100® Covered Call & Growth ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | (136,492 | ) | |
| | | | | | | | | | |
| Global X S&P 500® Covered Call & Growth ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | 2,660 | | |
| | | | | | | | | | |
| Global X NASDAQ 100® Risk Managed Income ETF | | | | | | | | | |
| Equity contracts | | $ | 96,912 | | | $ | 36,772 | | |
| | | | | | | | | | |
| Global X S&P 500® Risk Managed Income ETF | | | | | | | | | |
| Equity contracts | | $ | 248,158 | | | $ | 169,546 | | |
| | | | | | | | | | |
| Global X Dow 30® Covered Call ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | 108,362 | | |
| | | | | | | | | | |
| Global X Russell 2000 Covered Call & Growth ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | 15,074 | | |
| | | | | | | | | | |
| Global X Financials Covered Call & Growth ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | (1,301 | ) | |
161
Notes to Financial Statements (Continued)
October 31, 2024
5. DERIVATIVE TRANSACTIONS (continued)
| | | Purchased
Options | | Written
Options | |
| Global X Health Care Covered Call & Growth ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | 2,988 | | |
| | | | | | | | | | |
| Global X Information Technology Covered Call & Growth ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | 67,615 | | |
| | | | | | | | | | |
| Global X Nasdaq 100 ESG Covered Call ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | 10,501 | | |
| | | | | | | | | | |
| Global X S&P 500 ESG Covered Call ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | (65 | ) | |
| | | | | | | | | | |
| Global X Dow 30® Covered Call & Growth ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | 1,753 | | |
| | | | | | | | | | |
| Global X MSCI Emerging Markets Covered Call ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | 31,940 | | |
| | | | | | | | | | |
| Global X S&P 500 Quality Dividend Covered Call ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | 3,372 | | |
| | | | | | | | | | |
| Global X MLP & Energy Infrastructure Covered Call ETF | | | | | | | | | |
| Equity contracts | | $ | — | | | $ | 24,227 | | |
The following table discloses the average monthly balances of the Funds’ options activity during the year or period ended October 31, 2024:
| | | Average Market
Value Contracts
Written | | | Average Market
Value Contracts
Purchased | |
| Global X S&P 500® Covered Call ETF | | | $(44,813,043 | ) | | | $ - | |
| Global X NASDAQ 100® Covered Call ETF | | | (173,023,191 | ) | | | - | |
| Global X Russell 2000 Covered Call ETF | | | (34,485,223 | ) | | | - | |
| Global X Nasdaq 100® Covered Call & Growth ETF | | | (1,138,221 | ) | | | - | |
| Global X S&P 500® Covered Call & Growth ETF | | | (496,138 | ) | | | - | |
| Global X NASDAQ 100® Risk Managed Income ETF | | | (309,730 | ) | | | 77,205 | |
| Global X S&P 500® Risk Managed Income ETF | | | (537,646 | ) | | | 101,585 | |
| Global X Dow 30® Covered Call ETF | | | (972,161 | ) | | | - | |
| Global X Russell 2000 Covered Call & Growth ETF | | | (98,897 | ) | | | - | |
| Global X Financials Covered Call & Growth ETF | | | (23,100 | ) | | | - | |
| Global X Health Care Covered Call & Growth ETF | | | (22,182 | ) | | | - | |
| Global X Information Technology Covered Call & Growth ETF | | | (85,335 | ) | | | - | |
| Global X Nasdaq 100 ESG Covered Call ETF | | | (57,324 | ) | | | - | |
| Global X S&P 500 ESG Covered Call ETF | | | (20,568 | ) | | | - | |
| Global X Dow 30® Covered Call & Growth ETF | | | (12,699 | ) | | | - | |
| Global X MSCI Emerging Markets Covered Call ETF | | | (30,558 | ) | | | - | |
| Global X S&P 500 Quality Dividend Covered Call ETF | | | (31,654 | ) | | | - | |
| Global X MLP & Energy Infrastructure Covered Call ETF | | | (39,954 | ) | | | - | |
162
Notes to Financial Statements (Continued)
October 31, 2024
6. TAX INFORMATION
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 distributable earnings (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 Paid-in-Capital and Total Earnings (Accumulated Losses) accounts during the fiscal year ended October 31, 2024 are primarily attributable to redemption in kind, reclass of distributions, return of capital, equalization and straddles.
The tax character of dividends and distributions declared during the years or 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 S&P 500® Covered Call ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 269,977,983 | | | $ | – | | | $ | – | | | $ | 269,977,983 | |
| 2023 | | | 8,585,958 | | | | – | | | | 269,122,735 | | | | 277,708,693 | |
| Global X NASDAQ 100® Covered Call ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 949,453,576 | | | $ | – | | | $ | – | | | $ | 949,453,576 | |
| 2023 | | | – | | | | – | | | | 875,982,507 | | | | 875,982,507 | |
| Global X Russell 2000 Covered Call ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 12,155,274 | | | $ | – | | | $ | 157,500,393 | | | $ | 169,655,667 | |
| 2023 | | | 2,455,329 | | | | – | | | | 170,194,451 | | | | 172,649,780 | |
| Global X Nasdaq 100® Covered Call & Growth ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 6,726,354 | | | $ | – | | | $ | – | | | $ | 6,726,354 | |
| 2023 | | | – | | | | – | | | | 4,776,529 | | | | 4,776,529 | |
| Global X S&P 500® Covered Call & Growth ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 2,972,756 | | | $ | – | | | $ | – | | | $ | 2,972,756 | |
| 2023 | | | 376,487 | | | | – | | | | 2,498,448 | | | | 2,874,935 | |
| Global X NASDAQ 100® Risk Managed Income ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 43,082 | | | $ | – | | | $ | 1,631,699 | | | $ | 1,674,781 | |
| 2023 | | | – | | | | – | | | | 1,196,718 | | | | 1,196,718 | |
| Global X S&P 500® Risk Managed Income ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 594,200 | | | $ | – | | | $ | 3,431,396 | | | $ | 4,025,596 | |
| 2023 | | | 41,006 | | | | – | | | | 3,063,982 | | | | 3,104,988 | |
| Global X Dow 30® Covered Call ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 5,821,224 | | | $ | – | | | $ | – | | | $ | 5,821,224 | |
| 2023 | | | 609,561 | | | | – | | | | 4,969,158 | | | | 5,578,719 | |
| Global X Russell 2000 Covered Call & Growth ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 588,288 | | | $ | – | | | $ | – | | | $ | 588,288 | |
| 2023 | | | 101,250 | | | | 2,217 | | | | 152,549 | | | | 256,016 | |
163
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 | |
| Global X Financials Covered Call & Growth ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 138,179 | | | $ | – | | | $ | 609 | | | $ | 138,788 | |
| 2023 | | | 84,987 | | | | – | | | | 42,333 | | | | 127,320 | |
| Global X Health Care Covered Call & Growth ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 190,549 | | | $ | – | | | $ | – | | | $ | 190,549 | |
| 2023 | | | 122,360 | | | | – | | | | – | | | | 122,360 | |
| Global X Information Technology Covered Call & Growth ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 698,442 | | | $ | – | | | $ | 40,076 | | | $ | 738,518 | |
| 2023 | | | 166,221 | | | | – | | | | – | | | | 166,221 | |
| Global X Nasdaq 100 ESG Covered Call ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 313,487 | | | $ | 235 | | | $ | – | | | $ | 313,722 | |
| 2023 | | | 206,140 | | | | – | | | | – | | | | 206,140 | |
| Global X S&P 500 ESG Covered Call ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 125,701 | | | $ | – | | | $ | – | | | $ | 125,701 | |
| 2023 | | | 44,960 | | | | – | | | | 86,314 | | | | 131,274 | |
| Global X Dow 30® Covered Call & Growth ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 75,986 | | | $ | – | | | $ | – | | | $ | 75,986 | |
| 2023 | | | 9,566 | | | | – | | | | 13,830 | | | | 23,396 | |
| Global X MSCI Emerging Markets Covered Call ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 165,630 | | | $ | – | | | $ | 8,017 | | | $ | 173,647 | |
| Global X S&P 500 Quality Dividend Covered Call ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 89,768 | | | $ | – | | | $ | 4,664 | | | $ | 94,432 | |
| Global X MLP & Energy Infrastructure Covered Call ETF | | | | | | | | | | | | | | | | |
| 2024 | | $ | 114,089 | | | $ | – | | | $ | 4,801 | | | $ | 118,890 | |
As of October 31, 2024, the components of tax basis distributable earnings (accumulated losses) were as follows:
| | | Global X S&P
500® Covered
Call ETF | | Global X
NASDAQ 100®
Covered Call
ETF | | Global X Russell
2000 Covered
Call ETF | | Global X
Nasdaq 100®
Covered Call &
Growth ETF |
| Undistributed Ordinary Income | | $ | 83,886,915 | | | $ | 156,328,538 | | | $ | – | | | $ | 17,590,280 | |
| Capital Loss Carryforwards | | | – | | | | – | | | | (134,684,076 | ) | | | – | |
| Other Temporary Differences | | | 5,379 | | | | 6 | | | | 7 | | | | 1 | |
| Total Distributable Earnings (Accumulated Losses) | | $ | 83,892,294 | | | $ | 156,328,544 | | | $ | (134,684,069 | ) | | $ | 17,590,281 | |
164
Notes to Financial Statements (Continued)
October 31, 2024
6. TAX INFORMATION (continued)
| | | Global X S&P
500® Covered
Call & Growth
ETF | | Global X
NASDAQ 100®
Risk Managed
Income ETF | | Global X Dow
30® Covered
Call ETF |
| Undistributed Ordinary Income | | $ | 10,235,706 | | | $ | – | | | $ | 4,397,260 | |
| Undistributed Long-Term Capital Gain | | | – | | | | – | | | | 305,975 | |
| Capital Loss Carryforwards | | | – | | | | (508,491 | ) | | | – | |
| Other Temporary Differences | | | (21 | ) | | | 2 | | | | – | |
| Total Distributable Earnings (Accumulated Losses) | | $ | 10,235,685 | | | $ | (508,489 | ) | | $ | 4,703,235 | |
| | | Global X Russell
2000 Covered
Call & Growth
ETF | | Global X
Financials
Covered Call &
Growth ETF | | Global X Health
Care Covered
Call & Growth
ETF | | Global X
Information
Technology
Covered Call &
Growth ETF |
| Undistributed Ordinary Income | | $ | 971,329 | | | $ | – | | | $ | 12,423 | | | $ | – | |
| Unrealized Appreciation (Depreciation) on Investments and Foreign Currency | | | – | | | | (23,000 | ) | | | (8,313 | ) | | | 89,553 | |
| Other Temporary Differences | | | (1 | ) | | | 2 | | | | (1 | ) | | | 5 | |
| Total Distributable Earnings (Accumulated Losses) | | $ | 971,328 | | | $ | (22,998 | ) | | $ | 4,109 | | | $ | 89,558 | |
| | | Global X
Nasdaq 100
ESG Covered
Call ETF | | Global X
S&P 500 ESG
Covered Call
ETF | | Global X Dow
30® Covered
Call & Growth
ETF | | Global X MSCI
Emerging
Markets
Covered Call
ETF |
| Undistributed Ordinary Income | | $ | 231,860 | | | $ | 187,804 | | | $ | 239,139 | | | $ | – | |
| Undistributed Long-Term Capital Gain | | | 21,309 | | | | 3,573 | | | | – | | | | – | |
| Unrealized Depreciation on Investments and Foreign Currency | | | – | | | | – | | | | (1 | ) | | | (11,548 | ) |
| Other Temporary Differences | | | (1 | ) | | | (3 | ) | | | 2 | | | | – | |
| Total Distributable Earnings (Accumulated Losses) | | $ | 253,168 | | | $ | 191,374 | | | $ | 239,140 | | | $ | (11,548 | ) |
| | | Global X S&P
500 Quality
Dividend
Covered Call
ETF | | Global X MLP
& Energy
Infrastructure
Covered Call
ETF |
| Unrealized Appreciation (Depreciation) on Investments and Foreign Currency | | | (481 | ) | | | 21,061 | |
| Other Temporary Differences | | | – | | | | 2 | |
| Total Distributable Earnings (Accumulated Losses) | | $ | (481 | ) | | $ | 21,063 | |
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
165
Notes to Financial Statements (Continued)
October 31, 2024
6. TAX INFORMATION (continued)
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 S&P 500® Covered Call ETF | | $ | 2,778,098,979 | | | $ | 903,074,018 | | | $ | (903,074,018 | ) | | | $– | |
| Global X NASDAQ 100® Covered Call ETF | | | 8,105,538,425 | | | | 3,201,783,795 | | | | (3,201,783,795 | ) | | | – | |
| Global X Russell 2000 Covered Call ETF | | | 1,409,262,530 | | | | 113,283,692 | | | | (113,283,692 | ) | | | – | |
| Global X Nasdaq 100® Covered Call & Growth ETF | | | 104,270,271 | | | | 30,770,947 | | | | (30,770,947 | ) | | | – | |
| Global X S&P 500® Covered Call & Growth ETF | | | 59,282,222 | | | | 13,853,227 | | | | (13,853,227 | ) | | | – | |
| Global X NASDAQ 100® Risk Managed Income ETF | | | 17,379,678 | | | | 4,519,003 | | | | (4,519,003 | ) | | | – | |
| Global X S&P 500® Risk Managed Income ETF | | | 39,416,582 | | | | 9,779,311 | | | | (9,779,311 | ) | | | – | |
| Global X Dow 30® Covered Call ETF | | | 90,667,177 | | | | 21,092,333 | | | | (21,092,333 | ) | | | – | |
| Global X Russell 2000 Covered Call & Growth ETF | | | 6,404,744 | | | | 494,950 | | | | (494,950 | ) | | | – | |
| Global X Financials Covered Call & Growth ETF | | | 3,635,202 | | | | 253,131 | | | | (276,131 | ) | | | (23,000 | ) |
| Global X Health Care Covered Call & Growth ETF | | | 2,801,584 | | | | 360,604 | | | | (368,917 | ) | | | (8,313 | ) |
| Global X Information Technology Covered Call & Growth ETF | | | 8,319,215 | | | | 836,774 | | | | (747,221 | ) | | | 89,553 | |
| Global X Nasdaq 100 ESG Covered Call ETF | | | 3,521,135 | | | | 773,056 | | | | (773,056 | ) | | | – | |
| Global X S&P 500 ESG Covered Call ETF | | | 1,838,165 | | | | 272,303 | | | | (272,303 | ) | | | – | |
| Global X Dow 30® Covered Call & Growth ETF | | | 1,982,420 | | | | 347,916 | | | | (347,917 | ) | | | (1 | ) |
| Global X MSCI Emerging Markets Covered Call ETF | | | 2,031,070 | | | | 200,754 | | | | (212,302 | ) | | | (11,548 | ) |
| Global X S&P 500 Quality Dividend Covered Call ETF | | | 1,034,896 | | | | 68,739 | | | | (69,220 | ) | | | (481 | ) |
| Global X MLP & Energy Infrastructure Covered Call ETF | | | 2,566,331 | | | | 366,039 | | | | (344,978 | ) | | | 21,061 | |
The preceding differences between book and tax cost are primarily due to straddles.
166
Notes to Financial Statements (Continued)
October 31, 2024
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. 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 Covered Call ETF, the Global X Russell 2000 Covered Call & Growth ETF, the Global X Financials Covered Call & Growth ETF, the Global X Health Care Covered Call & Growth ETF, the Global X Information Technology Covered Call & Growth ETF and the Global X MSCI Emerging Markets Covered Call ETF, which use 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).
167
Notes to Financial Statements (Concluded)
October 31, 2024
7. CONCENTRATION OF RISKS (continued)
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. 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.
9. NEW ACCOUNTING PRONOUNCEMENT
In November 2023, the Financial Accounting Standards Board issued Accounting Standards Update No. 2023-07 (“ASU 2023-07”), Segment Reporting (“Topic 280”). ASU 2023-07 clarifies the guidance in Topic 280, which requires public entities to provide disclosures of significant segment expenses and other segment items. The guidance requires public entities to provide in interim periods all disclosures about a reportable segment’s profit or loss and assets that are currently required annually and also applies to public entities with a single reportable segment. Entities are permitted to disclose more than one measure of a segment’s profit or loss if such measures are used by the Chief Operating Decision Maker to allocate resources and assess performance, as long as at least one of those measures is determined in a way that is most consistent with the measurement principles used to measure the corresponding amounts in the consolidated financial statements. The amendments in ASU 2023-07 are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. Management is currently evaluating the implications, if any, of the additional requirements and their impact on a Fund’s financial statements.
10. 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.
168
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 (eighteen 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 S&P 500® Covered Call ETF (1) |
| Global X NASDAQ 100® Covered Call ETF (1) |
| Global X Russell 2000 Covered Call ETF (1) |
| Global X Nasdaq 100® Covered Call & Growth ETF (1) |
| Global X S&P 500® Covered Call & Growth ETF (1) |
| Global X NASDAQ 100® Risk Managed Income ETF (1) |
| Global X S&P 500® Risk Managed Income ETF (1) |
| Global X Dow 30® Covered Call ETF (1) |
| Global X Russell 2000 Covered Call & Growth ETF (1) |
| Global X Financials Covered Call & Growth ETF (2) |
| Global X Health Care Covered Call & Growth ETF (2) |
| Global X Information Technology Covered Call & Growth ETF (2) |
| Global X Nasdaq 100 ESG Covered Call ETF (3) |
| Global X S&P 500 ESG Covered Call ETF (3) |
| Global X Dow 30® Covered Call & Growth ETF (4) |
| Global X MSCI Emerging Markets Covered Call ETF (5) |
| Global X S&P 500 Quality Dividend Covered Call ETF (6) |
| Global X MLP & Energy Infrastructure Covered Call ETF (6) |
169
Report of Independent Registered Public Accounting Firm (Concluded)
| (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) | Statements of operations for the year ended October 31, 2024, statements of changes in net assets for the year ended October 31, 2024 and the period November 21, 2022 (commencement of operations) through October 31, 2023. |
| (3) | Statements of operations for the year ended October 31, 2024, statements of changes in net assets for the year ended October 31, 2024 and the period February 21, 2023 (commencement of operations) through October 31, 2023. |
| (4) | Statement of operations for the year ended October 31, 2024, statement of changes in net assets for the year ended October 31, 2024 and the period July 25, 2023 (commencement of operations) through October 31, 2023. |
| (5) | Statement of operations and statement of changes in net assets for the period November 7, 2023 (commencement of operations) through October 31, 2024. |
| (6) | Statements of operations and statements of changes in net assets for the period May 7, 2024 (commencement of operations) through October 31, 2024. |
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 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.
170
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 S&P 500® Covered Call ETF | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 100.00% | | 0.00% | | 0.00% |
| Global X NASDAQ 100® Covered Call ETF | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 100.00% | | 0.00% | | 0.00% |
| Global X Russell 2000 Covered Call ETF | | | | | |
| | | 92.84% | | 0.00% | | 7.16% | | 100.00% | | 0.00% | | 0.00% |
| Global X Nasdaq 100® Covered Call & Growth ETF | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 100.00% | | 0.00% | | 0.00% |
| Global X S&P 500® Covered Call & Growth ETF | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 100.00% | | 0.00% | | 0.00% |
| Global X NASDAQ 100® Risk Managed Income ETF | | | | |
| | | 97.43% | | 0.00% | | 2.57% | | 100.00% | | 0.00% | | 0.00% |
| Global X S&P 500® Risk Managed Income ETF | | | | |
| | | 85.24% | | 0.00% | | 14.76% | | 100.00% | | 0.00% | | 0.00% |
| Global X Dow 30® Covered Call ETF | | | | |
| | | 0.00% | | 1.65% | | 98.35% | | 100.00% | | 0.00% | | 0.00% |
| Global X Russell 2000 Covered Call & Growth ETF | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 100.00% | | 0.00% | | 0.00% |
| Global X Financials Covered Call & Growth ETF | | | | |
| | | 0.44% | | 0.00% | | 99.56% | | 100.00% | | 2.77% | | 2.87% |
| Global X Health Care Covered Call & Growth ETF | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 100.00% | | 0.00% | | 0.00% |
| Global X Information Technology Covered Call & Growth ETF | | | | |
| | | 5.43% | | 0.00% | | 94.57% | | 100.00% | | 0.00% | | 0.00% |
| Global X Nasdaq 100 ESG Covered Call ETF | | | | |
| | | 0.00% | | 3.67% | | 96.33% | | 100.00% | | 0.00% | | 0.00% |
| Global X S&P 500 ESG Covered Call ETF | | | | |
| | | 0.00% | | 10.21% | | 89.79% | | 100.00% | | 0.00% | | 0.00% |
| Global X Dow 30® Covered Call & Growth ETF | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 100.00% | | 0.00% | | 0.00% |
| Global X MSCI Emerging Markets Covered Call ETF | | | | |
| | | 4.62% | | 0.00% | | 95.38% | | 100.00% | | 0.00% | | 0.00% |
| Global X S&P 500 Quality Dividend Covered Call ETF | | | |
| | | 4.94% | | 0.00% | | 95.06% | | 100.00% | | 0.00% | | 0.00% |
| Global X MLP & Energy Infrastructure Covered Call ETF | | | | |
| | | 4.04% | | 0.00% | | 95.96% | | 100.00% | | 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.
171
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 S&P 500® Covered Call ETF | | | | |
| | | 0.00% | | 0.11% | | 100.00% | | 0.00% | | 0.00% |
| Global X NASDAQ 100® Covered Call ETF | | | | |
| | | 0.00% | | 0.12% | | 100.00% | | 0.00% | | 0.00% |
| Global X Russell 2000 Covered Call ETF | | | | |
| | | 0.00% | | 1.25% | | 0.00% | | 0.00% | | 0.00% |
| Global X Nasdaq 100® Covered Call & Growth ETF | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 0.00% | | 0.00% |
| Global X S&P 500® Covered Call & Growth ETF | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 0.00% | | 0.00% |
| Global X NASDAQ 100® Risk Managed Income ETF | | | | |
| | | 0.00% | | 0.02% | | 0.00% | | 0.00% | | 0.00% |
| Global X S&P 500® Risk Managed Income ETF | | | | |
| | | 0.00% | | 0.01% | | 100.00% | | 0.00% | | 0.00% |
| Global X Dow 30® Covered Call ETF | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 0.00% | | 0.00% |
| Global X Russell 2000 Covered Call & Growth ETF | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 0.00% | | 0.00% |
| Global X Financials Covered Call & Growth ETF | | | | |
| | | 0.00% | | 0.09% | | 100.00% | | 0.00% | | 0.00% |
| Global X Health Care Covered Call & Growth ETF | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 0.00% | | 0.00% |
| Global X Information Technology Covered Call & Growth ETF | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 0.00% | | 0.00% |
| Global X Nasdaq 100 ESG Covered Call ETF | | | | |
| | | 0.00% | | 0.01% | | 100.00% | | 0.00% | | 0.00% |
| Global X S&P 500 ESG Covered Call ETF | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 0.00% | | 0.00% |
| Global X Dow 30® Covered Call & Growth ETF | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 0.00% | | 0.00% |
| Global X MSCI Emerging Markets Covered Call ETF | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 0.00% | | 0.00% |
| Global X S&P 500 Quality Dividend Covered Call ETF | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 0.00% | | 0.00% |
| Global X MLP & Energy Infrastructure Covered Call ETF | | | | |
| | | 0.00% | | 0.00% | | 100.00% | | 0.00% | | 0.00% |
(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.
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.
172
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 |
173
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 Board meetings of the Global X Funds (the “Trust”) held on August 17, 2023 and March 7, 2024 (together, the “New Fund Board Meetings”) with respect to Global X S&P 500 Quality Dividend Covered Call ETF and Global X MLP & Energy Infrastructure Covered Call ETF (each a “New Fund”, and together the “New Funds”), respectively, 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”); and (ii) the initial Supervision and Administration Agreement (the “New Supervision and Administration Agreement”) between the Trust, on behalf of the New Funds, 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 Meetings, 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 Funds, 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 Funds 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 Funds; |
| | |
| • | Global X Management’s responsibilities under the New Fund Agreements to, among other things, (i) manage the investment operations of the New Funds and |
174
Approval of Investment Advisory Agreement (Form N-CSR Item 11) (Unaudited) (Continued)
the composition of the New Funds’ assets, including the purchase, retention and disposition of its holdings, (ii) provide quarterly reports to the Trust’s officers and the Board and 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 Funds, (iv) select broker-dealers to execute portfolio transactions for the New Funds when necessary, (v) assist in the preparation and filing of reports and proxy statements (if any) to the shareholders of the New Funds, and the periodic updating of the registration statements, prospectuses, statements of additional information, and other reports and documents for the New Funds 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 Funds 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 Funds; and |
| | |
| • | the quality of Global X Management’s resources and personnel that would be made available to the New Funds, 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 Meetings, that it was satisfied with the nature, extent and quality of the services proposed to be provided to the New Funds by Global X Management.
Performance
The Board determined that, because the New Funds had not yet begun investment operations as of the dates of the New Fund Board Meetings, meaningful data relating to the investment performance of the New Funds 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 each New Fund; |
| | |
| • | the management fee (including the proposed investment advisory fee) (“Management Fee”) that was proposed to be borne by each New Fund under the respective New Fund Agreement for the various investment advisory, supervisory and administrative services that the New Funds require under a unitary fee structure (including the types of fees and expenses that are not included within the unitary fee and would be borne |
175
Approval of Investment Advisory Agreement (Form N-CSR Item 11) (Unaudited) (Continued)
by the New Funds); and
| • | the expected profitability to Global X Management, if any, from all of the services proposed to be provided to the New Funds by Global X Management and all aspects of the relationship between Global X Management and the New Funds. |
Based on these considerations, the Board concluded that the proposed Management Fee to be paid by each 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 Funds’ 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 each New Fund. In connection with this consideration, Global X Management provided the Board with comparative expense data for each 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 of the proposed fee structures of any New Fund that was above the average or median for the New Funds’ peer group; |
| | |
| • | the structure of the proposed unitary Management Fee (which includes as one component the proposed investment advisory fee for the New Funds) and the expected total expense ratios for the New Funds. In this regard, the Board took into consideration that the purpose of adopting a unitary Management Fee structure for the New Funds 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 Funds and that the proposed Management Fee for each 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 Funds, including the costs of various third-party services required by the New Funds, including investment advisory, administrative, audit, certain custody, portfolio accounting, legal, transfer agency and printing costs, but that each 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 Meetings, that the services to be received and the fees to be charged under the applicable New Fund Agreements were reasonable on a comparative basis.
176
Approval of Investment Advisory Agreement (Form N-CSR Item 11) (Unaudited) (Concluded)
Economies of Scale
With respect to this factor, the Board considered:
| • | the extent to which economies of scale would be realized as the New Funds grow and whether the proposed unitary Management Fees for the New Funds reflected these economies of scale; |
| | |
| • | the significant investment of time, personnel and other resources that Global X Management intends to make in the New Funds in order to seek to assure that the New Funds are 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 each New Fund and its shareholders. |
Based on these considerations, the Board concluded, at the New Fund Board Meetings, that the proposed unitary Management Fees for the New Funds 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 relationships with the New Funds. As a result, the Board concluded that, in the case of each 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 Funds.
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.
177
Notes
178
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-012-0100
| 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
iso4217:USDxbrli:shares
