Global X Funds NCSR Certified annual shareholder report (management investment company)

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)

Luis Berruga

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:

Global X Management Company LLC

605 Third Avenue, 43rd floor

New York, NY 10158

Eric S. Purple, Esq.

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, 2021

Date of reporting period: October 31, 2021

Item 1. Reports to Stockholders.

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 Social Media ETF (ticker: SOCL)

Global X Lithium & Battery Tech ETF (ticker: LIT)

Global X E-commerce ETF (ticker: EBIZ)

Global X Emerging Markets Internet & E-commerce ETF (ticker: EWEB)

Global X SuperDividend^® ETF (ticker: SDIV)

Global X SuperDividend^® U.S. ETF (ticker: DIV)

Global X MSCI SuperDividend^® EAFE ETF (ticker: EFAS)

Global X MSCI SuperDividend^® Emerging Markets ETF (ticker: SDEM)

Global X SuperDividend^® REIT ETF (ticker: SRET)

Global X NASDAQ 100^® Covered Call ETF (ticker: QYLD)

Global X S&P 500^® Covered Call ETF (ticker: XYLD)

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 SuperIncome™ Preferred ETF (ticker: SPFF)

Global X Renewable Energy Producers ETF (ticker: RNRG)

Global X S&P 500^® Catholic Values ETF (ticker: CATH)

Global X S&P Catholic Values Developed ex-U.S. ETF (ticker: CEFA)

Global X Guru^®Index ETF (ticker: GURU)

Global X S&P 500^®Tail Risk ETF (ticker: XTR)

Global X S&P 500^®Risk Managed Income ETF (ticker: XRMI)

Global X S&P 500^®Collar 95-110 ETF (ticker: XCLR)

Global X NASDAQ 100^® Tail Risk ETF (ticker: QTR)

Global X NASDAQ 100^® Risk Managed Income ETF (ticker: QRMI)

Global X NASDAQ 100^® Collar 95-110 ETF (ticker: QCLR)

Annual Report

October 31, 2021

As permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the Funds’ (defined below) shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from your financial intermediary (such as a broker-dealer or bank). Instead, shareholder reports will be available on the Funds’ website (www. globalxetfs.com/explore), and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from the Funds electronically anytime by contacting your financial intermediary.

You may elect to receive all future Fund shareholder reports in paper free of charge. Please contact your financial intermediary to inform them that you wish to continue receiving paper copies of Fund shareholder reports and for details about whether your election to receive reports in paper will apply to all funds held with your financial intermediary.

Table of Contents

Management Discussion of Fund Performance	1
Schedules of Investments
Global X Social Media ETF	68
Global X Lithium & Battery Tech ETF	72
Global X E-commerce ETF	77
Global X Emerging Markets Internet & E-commerce ETF	82
Global X SuperDividend^® ETF	86
Global X SuperDividend^® U.S. ETF	95
Global X MSCI SuperDividend^® EAFE ETF	100
Global X MSCI SuperDividend^® Emerging Markets ETF	105
Global X SuperDividend^® REIT ETF	110
Global X NASDAQ 100^® Covered Call ETF	114
Global X S&P 500^® Covered Call ETF	120
Global X Russell 2000 Covered Call ETF	138
Global X Nasdaq 100^® Covered Call & Growth ETF	140
Global X Global X S&P 500^® Covered Call & Growth ETF	146
Global X SuperIncome™ Preferred ETF	164
Global X Renewable Energy Producers ETF	169
Global X S&P 500^® Catholic Values ETF	175
Global X S&P Catholic Values Developed ex-US ETF	191
Global X Guru^® Index ETF	217
Global X S&P 500^® Tail Risk ETF	223
Global X S&P 500^® Risk Managed Income ETF	241
Global X S&P 500^® Collar 95-110 ETF	260
Global X NASDAQ 100^® Tail Risk ETF	279
Global X NASDAQ 100^® Risk Managed Income ETF	285
Global X NASDAQ 100^® Collar 95-110 ETF	292
Statements of Assets and Liabilities	299
Statements of Operations	306
Statements of Changes in Net Assets	313
Financial Highlights	326
Notes To Financial Statements	342
Report of Independent Registered Public Accounting Firm	370
Disclosure of Fund Expenses	373
Liquidity Risk Management Program	377
Approval of Investment Advisory Agreement	378
Supplemental Information	383
Trustees and Officers of the Trust	384
Notice to Shareholders	387

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’ Forms N-PORT are available on the Commission’s website at https://www.sec.gov/, 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 the Global X Funds use 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 Commission’s website at https://www.sec.gov/.

	Management Discussion of Fund Performance (unaudited)
	Global X Social Media ETF

Global X Social Media ETF

The Global X Social Media ETF (“Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Social Media Total Return Index (“Underlying 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 Underlying Index.

The Underlying Index is designed to track the price movements in shares of companies which are active in the social media industry, including companies that provide social networking, file sharing, and other web-based media applications, as defined by Solactive AG, the provider of the Underlying Index. A maximum of 50 components are included in the Underlying Index which are weighted according to freefloat market capitalization.

For the 12-month period ended October 31, 2021 (the “reporting period”), the Fund increased 17.94%, while the Underlying Index increased 18.58%. The Fund had a net asset value of $51.95 per share on October 31, 2020 and ended the reporting period with a net asset value of $61.26 per share on October 31, 2021.

During the reporting period, the highest returns came from AfreecaTV Co., Ltd. and Life360, Inc. Shs Chess Depository Interests Repr 3 Sh, which returned 216.79% and 198.34%, respectively. The worst performers were Kuaishou Technology Class B and Hello Pal International, Inc., which returned -75.15% and -72.42%, respectively.

The social media segment has seen robust growth since the beginning of the COVID-19 pandemic as consumers increase their engagement with these platforms to maintain social interactions with family, friends, and acquaintances. With over half of the world’s population now on social media platforms, businesses continue to rely on social media as a key advertising channel, resulting in strong revenue growth during the reporting period despite an uncertain economic backdrop. In addition, new forms of monetization such as social commerce, or the intersection between social media and e-commerce, are accelerating monetization opportunities for companies in the social media space. Sector weightings of the Fund were highest in Communication Services, at 92.8% during the reporting period. Geographically, the Fund maintained an average allocation of 44.1% to United States stocks, followed by China (29%) and South Korea (10.2%) during the reporting period.

	Management Discussion of Fund Performance (unaudited)
	Global X Social Media ETF

	AVERAGE TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2021
	One Year Return		Three Year Return		Five Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X Social Media ETF	17.94%	17.16%	28.17%	28.05%	21.49%	21.42%	15.52%	15.48%
Solactive Social Media Total Return Index	18.58%	18.58%	28.92%	28.92%	22.18%	22.18%	16.14%	16.14%
MSCI ACWI (Net)	37.28%	37.28%	17.47%	17.47%	14.72%	14.72%	11.56%	11.56%

* The Fund commenced operations on November 14, 2011.

The MSCI ACWI (Net) (All Country World Index) Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging market

The performance data quoted herein represents past performance and the return and value of an investment in the Fund will fluctuate so that, when redeemed, it may be worth less than its original cost. Past performance is no guarantee of future performance and should not be considered as a representation of the future results of the Fund. The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Index returns assume reinvestment of dividends and, unlike the Fund’s returns, do not reflect any fees or expenses. If such fees and expenses were included in the index returns, the performance would have been lower. Please note that one cannot invest directly in an unmanaged index. Performance figures for the periods shown may reflect contractual fee waivers and/or expense reimbursements. In the absence of fee waiver sand/or expense reimbursements (if applicable), returns would have been lower.

	Management Discussion of Fund Performance (unaudited)
	Global X Social Media ETF

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

See definition of comparative indices on the previous page.

	Management Discussion of Fund Performance (unaudited)
	Global X Lithium & Battery Tech ETF

Global X Lithium & Battery Tech ETF

The Global X Lithium & Battery Tech ETF (“Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Lithium Index (“Underlying 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 Underlying Index.

The Underlying Index is designed to track the performance of the largest and most liquid listed companies active in exploration and/or mining of lithium or the production of lithium batteries, as defined by Solactive AG, the provider of the Underlying Index. The Underlying Index is calculated as a total return index and adjusted semi-annually.

For the 12-month period ended October 31, 2021 (the “reporting period”), the Fund increased 112.89%, while the Underlying Index increased 114.17%. The Fund had a net asset value of $42.86 per share on October 31, 2020 and ended the reporting period with a net asset value of $91.07 per share on October 31, 2021.

During the reporting period, the highest returns came from Pilbara Minerals Limited and L & F Co Ltd., which returned 501.41% and 377.22%, respectively. The worst performers were Tianneng Power International Limited and Galaxy Resources Ltd., which returned -27.6% and -26.81%, respectively.

Despite the unprecedented global disruptions caused by the COVID-19 pandemic, the electric vehicle (EV) theme is reaching an inflection point as consumers, original equipment manufacturers, and governments accelerate the shift away from internal combustion engines and towards battery-powered vehicles. During the reporting period, EV sales reached record highs, more than doubling the sales numbers from the previous year in countries such as China, the United States and Germany. As a result of the strong current and future expected demand, lithium prices have risen rapidly in 2021, creating positive tailwinds for lithium miners. On the battery front, the ability to efficiently, reliably, and inexpensively mass-produce lithium-ion cells was essential for growing the EV market. Battery prices continued to fall, albeit at a slower pace as raw material prices weighed on the cost of production. During the reporting period, the Fund had an average approximate stock exposure of 46% in China, 22% in the United States, 11% in South Korea, and 6% in Australia. By sector, it had the highest exposure to Materials, at 48%, followed by Industrials (21%), Information Technology (17%), and Consumer Discretionary (15%).

	Management Discussion of Fund Performance (unaudited)
	Global X Lithium & Battery Tech ETF

	AVERAGE ANNUAL TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2021
	One Year Return		Three Year Return		Five Year Return		Ten Year Return
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X Lithium & Battery Tech ETF	112.89%	113.51%	46.74%	47.33%	33.32%	33.45%	12.74%	12.94%
Solactive Global Lithium Index	114.17%	114.17%	46.89%	46.89%	33.36%	33.36%	13.12%	13.12%
MSCI ACWI Index	37.28%	37.28%	17.47%	17.47%	14.72%	14.72%	11.32%	11.32%

*Fund commenced operations on July 22, 2010.

The MSCI ACWI (All Country World Index) Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets.

	Management Discussion of Fund Performance (unaudited)
	Global X Lithium & Battery Tech ETF

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

See definition of comparative indices on the previous page.

	Management Discussion of Fund Performance (unaudited)
	Global X E-commerce ETF

Global X E-commerce ETF

The Global X E-commerce ETF (“Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive E-commerce Index (“Underlying 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 Underlying Index.

The Underlying Index is designed to track the price movements in shares of companies which are active in the field of e-commerce, as defined by Solactive AG, the provider of the Underlying Index. This may include companies that operate e-commerce platforms, provide e-commerce software, analytics or services, and/or primarily sell goods and services online and generate the majority of their overall revenue from online retail.

For the 12-month period ended October 31, 2021 (the “reporting period”), the Fund increased 17.39%, while the Underlying Index increased 17.87%. The Fund had a net asset value of $26.79 per share on October 31, 2020 and ended the reporting period with a net asset value of $31.19 per share on October 31, 2021.

During the reporting period, the highest returns derived from Uxin Ltd. Sponsored ADR and Williams-Sonoma, Inc., which returned 150.00% and 106.76% respectively. The worst performers included Baozun, Inc. Sponsored ADR Class A and LendingTree, Inc., which returned -52.72% and -50.13% respectively.

The global e-commerce market continued to benefit from the COVID-19 pandemic over the reporting period, as consumers chose to purchase goods from afar. Even as countries loosened social distancing stipulations, consumers continued to turn to digital marketplaces for convenience and safety reasons. Although e-commerce sales as a percent of total retail sales in the United States fell somewhat with easing lockdowns, its market share is still well above comparable periods prior to the COVID-19 pandemic. Additionally, e-commerce vendors have proven more resilient than their brick-and-mortar counterparts to supply chain disruption caused by the COVID-19 pandemic. E-commerce companies tend to swap product offerings and source alternative suppliers quicker than conventional retailers, a valuable trait for adapting to the now rampant bottlenecks. During the reporting period, sector weightings were highest in Consumer Discretionary at 74%, followed by Communication Services (22.1%). Geographically, the Fund maintained an average allocation of 56.3% to United States stocks, followed by China (23.5%) and the United Kingdom (5.7%) during the reporting period.

	Management Discussion of Fund Performance (unaudited)
	Global X E-commerce ETF

	AVERAGE TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2021
	One Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X E-commerce ETF	17.39%	17.06%	28.88%	28.84%
Solactive E-commerce Index	17.87%	17.87%	29.45%	29.45%
MSCI ACWI (Net)	37.28%	37.28%	18.16%	18.16%

* The Fund commenced operations on November 27, 2018.

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

See definition of comparative indices above.

	Management Discussion of Fund Performance (unaudited)
	Global X Emerging Markets Internet & E-commerce ETF

Global X Emerging Markets Internet & E-commerce ETF

The Global X Emerging Markets Internet & E-commerce ETF (“Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the NASDAQ CTA Emerging Markets Internet & E-commerce Net Total Return Index (“Underlying 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 Underlying Index.

The Underlying Index is designed to provide exposure to exchange-listed companies that are expected to benefit from further adoption of internet and e-commerce technologies in emerging markets, as defined by Nasdaq, Inc., the provider of the Underlying Index (the “Index Provider”) and the Consumer Technology Association (“CTA”). The Index Provider and the CTA jointly developed the eligibility and selection criteria for the Underlying Index. In order to be eligible for inclusion in the Underlying Index, a company must derive at least 50% of its revenue, operating income, or assets from: (i) internet-related services (including social media and online entertainment); (ii) internet retail commerce; (iii) internet search engine services; and/or (iv) software delivered via the internet.

From the inception of the Fund to the period ended October 31, 2021 (the “reporting period”), the Fund decreased 18.93%, while the Underlying Index decreased 18.41%. The Fund had a net asset value of $14.79 per share on November 9, 2020 and ended the reporting period with a net asset value of $11.99 per share on October 31, 2021.

During the reporting period, the highest returns derived from Kakao Corp. and Bilibili, Inc. Sponsored ADR Class Z, which returned 84.72% and 64.09%, respectively. The worst performers included New Oriental Education & Technology Group, Inc. Sponsored ADR and Koolearn Technology Holding Limited, which returned -87.22% and -82.29%, respectively.

Emerging markets, which tend to be most susceptible to downturns in the global economy, faced several challenges during the reporting period as COVID-19 variants lingered and spread, energy crises arose, and supply chain constraints heightened. The COVID-19 pandemic’s impact initially caused a setback in the progress emerging market economies made in previous decades due to a widening income gap and the lack of access to work-from-home capabilities that developed countries have. Despite the COVID-19 pandemic resurging sporadically in some regions and reducing expendable income for vulnerable workers, the primary sectors leading growth in developing economies amid the COVID-19 pandemic include Internet and E-Commerce. China, a primary emerging market, is the acting world leader in e-commerce, with an industry size nearly three times larger than that of the United States. Additionally, the country has nearly one billion internet users, representing more than

	Management Discussion of Fund Performance (unaudited)
	Global X Emerging Markets Internet & E-commerce ETF

one-fifth of the global user base. Yet increasing regulatory scrutiny in China towards the end of the reporting period severely hurt the performance of many leading Chinese internet and e-commerce companies. During the reporting period, sector weightings of the Fund were highest in Communication Services at 56.7%, ahead of Consumer Discretionary at 35.4%. Geographically, the Fund maintained an average allocation of 70.1% to Chinese stocks, followed by South Korean (8.7%) and Brazilian (5.6%) during the reporting period.

	AVERAGE TOTAL RETURN FOR THE PERIOD ENDED OCTOBER 31, 2021
	Cumulative Inception to Date*
	Net Asset Value	Market Price
Global X Emerging Markets Internet & E-commerce ETF	-18.93%	-19.61%
NASDAQ CTA Emerging Markets Internet & E-commerce Net Total Return Index	-18.41%	-18.41%
MSCI Emerging Markets Index (Net)	8.22%	8.22%

* The Fund commenced operations on November 9, 2020.

	Management Discussion of Fund Performance (unaudited)
	Global X Emerging Markets Internet & E-commerce ETF

The MSCI Emerging Markets Index (Net) is a free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets. The MSCI Emerging Markets Index consists of the following 21 emerging market country indices: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Morocco, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand, and Turkey.

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

See definition of comparative indices above.

	Management Discussion of Fund Performance (unaudited)
	Global X SuperDividend^® ETF

Global X SuperDividend^® ETF

The Global X SuperDividend^® ETF (“Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global SuperDividend^® Index (“Underlying 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 Underlying Index.

The Underlying Index tracks the price movements in shares of the 100 international companies with the highest dividend yield subject to several qualitative dividend outlook checks applied by Solactive AG, the provider of the Underlying Index. The components of the Underlying Index are weighted equally, and adjustments are conducted annually with additional quarterly dividend sustainability checks. The Underlying Index is a total return index.

For the 12-month period ended October 31, 2021 (the “reporting period”), the Fund increased 32.21%, while the Underlying Index increased 32.62%. The Fund had a net asset value of $10.61 per share on October 31, 2020 and ended the reporting period with a net asset value of $13.01 per share on October 31, 2021.

During the reporting period, the highest returns derived from China Power International Development Ltd. and PhosAgro, which returned 185.4% and 127.65%, respectively. The worst performers included Hoegh LNG Partners LP and Yuzhou Group Holdings Co Ltd, which returned -69.9% and -67.43%, respectively.

The stocks held by the Fund have some of the highest dividend yields in the world. As the COVID-19 pandemic eased, high-dividend-yield sectors, such as Real Estate and Energy, strongly rallied during the reporting period, contributing to the Fund’s robust performance. The Fund’s strategy performed well during the fiscal year, given the low-interest-rate environment, outperforming the broader MSCI ACWI Index. During the reporting period, the Fund had an approximate average exposure of 27% to U.S. stocks, 16% to Chinese stocks, 8% to Hong Kong stocks, and 6% to U.K. stocks. By sector, it averaged an approximate exposure of 27% to Real Estate Investment Trusts, 25% to Financial Services, 14% to Energy, and 9% to Mortgage Materials.

	Management Discussion of Fund Performance (unaudited)
	Global X SuperDividend^® ETF

	AVERAGE TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2021
	One Year Return		Three Year Return		Five Year Return		Ten Year Return
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X SuperDividend^® ETF	32.21%	32.24%	-4.19%	-4.18%	-1.13%	-1.11%	2.23%	2.39%
Solactive Global SuperDividend^® Index	32.62%	32.62%	-4.09%	-4.09%	-0.90%	-0.90%	2.21%	2.21%
MSCI ACWI (Net)	37.28%	37.28%	17.47%	17.47%	14.72%	14.72%	11.32%	11.32%

* The Fund commenced operations on June 8, 2011.

There are no assurances that the Fund will meet its stated objectives.

	Management Discussion of Fund Performance (unaudited)
	Global X SuperDividend^® ETF

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

See definition of comparative indices on the previous page.

	Management Discussion of Fund Performance (unaudited)
	Global X SuperDividend^® U.S. ETF

Global X SuperDividend^® U.S. ETF

The Global X SuperDividend^® U.S. ETF (“Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx SuperDividend^® U.S. Low Volatility Index (“Underlying 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 Underlying Index.

The Underlying Index is maintained by Indxx, LLC, (the “Index Provider”). The Underlying Index tracks the performance of a maximum of 50 equally weighted common stocks, Master Limited Partnerships, and Real Estate Investment Trusts that rank among the highest dividend yielding equity securities in the United States, as defined by the Index Provider. The components of the Underlying Index will have also paid dividends consistently over the last two years. The Underlying Index is comprised of securities that the Index Provider determines to have lower relative volatility than the market.

For the 12-month period ended October 31, 2021 (the “reporting period”), the Fund increased 42.53%, while the Underlying Index increased 42.80%. The Fund had a net asset value of $14.99 per share on October 31, 2020 and ended the reporting period with a net asset value of $20.13 per share on October 31, 2021.

During the reporting period, the highest returns derived from MPLX LP and Compass Diversified Holdings, which returned 96.26% and 88.46%, respectively. The worst performers included National Presto Industries, Inc. and PetMed Express, Inc., which returned -18.62% and -17.24%, respectively.

The Fund invests in many of the highest-yielding stocks in the United States. High-dividend investing is a value-oriented strategy, which seeks to produce low-volatility returns. The strategy performed well during the fiscal year, given the low-interest-rate environment and recovery from the COVID-19 pandemic, outperforming the broader S&P 500^® Index. The Fund’s exposure to sectors aided by the reopening from the COVID-19 pandemic, such as Real Estate and Energy, added to the strong performance during the reporting period relative to the benchmark. During the fiscal year, by sector, the Fund averaged an exposure of 23% to Consumer Staples, 19% to Energy, 13% to Real Estate, and 12% to Utilities. Given the income-oriented nature of these sectors, they could be affected by changes in interest rates, particularly in the short term.

	Management Discussion of Fund Performance (unaudited)
	Global X SuperDividend^® U.S. ETF

	AVERAGE TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2021
	One Year Return		Three Year Return		Five Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X SuperDividend^® U.S. ETF	42.53%	42.57%	0.73%	0.74%	3.41%	3.43%	4.23%	4.31%
Indxx SuperDividend^® U.S. Low Volatility Index	42.80%	42.80%	0.91%	0.91%	3.94%	3.94%	4.78%	4.78%
S&P 500^® Index	42.91%	42.91%	21.48%	21.48%	18.93%	18.93%	15.62%	15.62%

* The Fund commenced operations on March 11, 2013.

The S&P 500^® Index is a market capitalization weighted composite index of 500 large capitalization U.S. companies.

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

	Management Discussion of Fund Performance (unaudited)
	Global X SuperDividend^® U.S. ETF

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

See definition of comparative indices on the previous page.

	Management Discussion of Fund Performance (unaudited)
	Global X MSCI SuperDividend^® EAFE ETF

Global X MSCI SuperDividend^® EAFE ETF

The Global X MSCI SuperDividend^® EAFE ETF (“Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI EAFE Top 50 Dividend Index (“Underlying 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 Underlying Index.

The Underlying Index tracks the performance of 50 equally-weighted companies that rank among the highest dividend yielding equity securities from international developed markets across Europe, Australasia, and the Far East as defined by MSCI, the provider of the Underlying Index.

For the 12-month period ended October 31, 2021 (the “reporting period”), the Fund increased 43.05%, while the Underlying Index increased 44.08%. The Fund had a net asset value of $11.44 per share on October 31, 2020 and ended the reporting period with a net asset value of $15.62 per share on October 31, 2021.

During the reporting period, the highest returns derived from Banco Bilbao Vizcaya Argentaria, S.A. and Klepierre S.A., which returned 121.69% and 101.38%, respectively. The worst performers included Rio Tinto Limited and Aurizon Holdings Ltd., which returned -22.39% and -12.96%, respectively.

The Fund tracks performance of 50 equally weighted companies that rank among the highest dividend yielding securities in Europe, Australasia, and the Far East. Developed international markets began recovering from the effects of the COVID-19 pandemic and value stocks, in particular, benefited from an improved global economy. A lifting of travel and lockdown restrictions boosted cyclical businesses and, by extension, the financial systems in developed markets. The recovery in Western European economies drove much of the Fund’s returns during the reporting period. During the reporting period, sector weighting reported highest in Financials (31.5%), followed by Communication Services (13.4%). The Fund has the highest average exposure to U.K. stocks at 22%, ahead of Japan (10.7%), France (9.4%), and Hong Kong (8.2%).

	Management Discussion of Fund Performance (unaudited)
	Global X MSCI SuperDividend^® EAFE ETF

	AVERAGE TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2021 *
	One Year Return		Three Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X MSCI SuperDividend^® EAFE ETF	43.05%	44.55%	4.86%	5.13%	6.61%	6.55%
MSCI EAFE Top 50 Dividend Index	44.08%	44.08%	5.48%	5.48%	7.14%	7.14%
MSCI EAFE Index (Net)	34.18%	34.18%	11.54%	11.54%	10.36%	10.36%

* The Fund commenced operations on November 14, 2016.

The MSCI EAFE Index (Net) (Europe, Australasia, Far East) is a free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the US & Canada.

There are no assurances that the Fund will meet its stated objectives.

	Management Discussion of Fund Performance (unaudited)
	Global X MSCI SuperDividend^® EAFE ETF

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

See definition of comparative indices on the previous page.

	Management Discussion of Fund Performance (unaudited)
	Global X MSCI SuperDividend^® Emerging Markets ETF

Global X MSCI SuperDividend^® Emerging Markets ETF

The Global X MSCI SuperDividend^® Emerging Markets ETF (“Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Emerging Markets Top 50 Dividend Index (“Underlying 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 Underlying Index.

The Underlying Index tracks the performance of 50 equally-weighted companies that rank among the highest dividend yielding equity securities in emerging markets, as defined by MSCI, the provider of the Underlying Index. The Underlying Index may include components from the following countries: Brazil, Chile, China, Colombia, Czech Republic, Egypt, India, Indonesia, Malaysia, Mexico, Pakistan, Romania, Russia, South Africa, South Korea, Taiwan, Thailand and United Arab Emirates. The Underlying Index begins with the MSCI Emerging Markets Index, which is a capitalization weighted index, as its starting universe, and then follows a rules-based methodology that is designed to select among the highest dividend yielding equity securities of the MSCI Emerging Markets Index.

For the 12-month period ended October 31, 2021 (the “reporting period”), the Fund increased 25.83%, while the Underlying Index increased 27.69%. The Fund had a net asset value of $9.53 per share on October 31, 2020 and ended the reporting period with a net asset value of $11.26 per share on October 31, 2021.

During the reporting period, the highest returns came from China Power International Development Ltd. and PhosAgro, which returned 185.4% and 127.65%, respectively. The worst performers included China Fortune Land Development Co Ltd. and China Aoyuan Group Limited, which returned -74.51% and -57.6%, respectively.

Stocks held in the Fund are among those with the highest dividend yields in the emerging markets. During the reporting period, the low-interest-rate environment globally, combined with effective COVID-19 vaccine distribution, accelerated the reopening of emerging economies, setting up economic recovery in many emerging nations. Emerging markets also benefited from escalating commodity prices on supply constraints, combined with elevated demand over the fiscal year. During the reporting period, the Fund averaged an approximate stock exposure of 27% in China, 10% in Russia, 8% in Brazil, and 8% in South Africa. By sector, it had the highest exposure to Financials (27%), followed by Real Estate (18%), Materials (14%), and Energy (12%) during the reporting period.

	Management Discussion of Fund Performance (unaudited)
	Global X MSCI SuperDividend^® Emerging Markets ETF

	AVERAGE TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2021
	One Year Return		Three Year Return		Five Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X MSCI SuperDividend^® Emerging Markets ETF	25.83%	25.59%	2.12%	2.35%	0.48%	0.50%	1.80%	1.84%
Hybrid INDXX SuperDividend^®Emerging Markets Index/MSCI Emerging Markets Top 50 Dividend Index**	27.69%	27.69%	3.36%	3.36%	1.86%	1.86%	3.12%	3.12%
MSCI Emerging Markets Index (Net)	16.96%	16.96%	12.30%	12.30%	9.39%	9.39%	7.06%	7.06%

* The Fund commenced operations on March 16, 2015.

** Hybrid Index performance reflects the performance of the INDXX SuperDividend^® Emerging Markets Index through November 15, 2016 and the MSCI Emerging Markets Top 50 Dividend Index thereafter.

The MSCI Emerging Markets Index (Net) is a free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets.

	Management Discussion of Fund Performance (unaudited)
	Global X MSCI SuperDividend^® Emerging Markets ETF

Performance figures for the periods shown may reflect contractual fee waivers and/or expense reimbursements. In the absence of fee waiver sand/or expense reimbursements (if applicable), returns would have been lower.

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

See definition of comparative indices on the previous page.

	Management Discussion of Fund Performance (unaudited)
	Global X SuperDividend^® REIT ETF

Global X SuperDividend^® REIT ETF

The Global X SuperDividend^® REIT ETF (“Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global SuperDividend^® REIT Index (“Underlying 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 Underlying Index.

The Underlying Index tracks the performance of Real Estate Investment Trusts (“REITs”) that rank among the highest yielding REITs globally, as determined by Solactive AG, the provider of the Underlying Index. Solactive AG screens the highest yielding REITs to exclude REITs that have historically exhibited the highest volatility, as determined by the index provider.

For the 12-month period ended October 31, 2021 (the “reporting period”), the Fund increased 38.84%, while the Underlying Index increased 39.33%. The Fund had a net asset value of $7.56 per share on October 31, 2020 and ended the reporting period with a net asset value of $9.82 per share on October 31, 2021.

During the reporting period, the highest returns derived from Chimera Investment Corporation and Iron Mountain, Inc., which returned 105.78% and 86.79%, respectively. The worst performers included Fibra Uno and CapitaLand China Trust, which returned -8.26% and -7.91%, respectively.

The Fund invests in REITs, which have some of the highest dividend yields worldwide. During the reporting period, REITs registered solid performance, exploiting the robust recovery of the global economy from the COVID-19 pandemic. Given their higher yielding nature, REITs continued to catch investors’ attention in a low-interest-rate environment at the start of the fiscal year. As the reopening accelerated in the second quarter of 2021 and global mobility resumed, demand for real estate increased. Concerns about inflation also led investors to turn to REITs, since higher costs can often be passed along to tenants. During the reporting period, the Fund averaged an approximate exposure of 65% to Mortgage REITs and 35% to Financials. Geographically, the United States led average approximate exposure at 74%, followed by Canada (9%) and Australia (8%).

	Management Discussion of Fund Performance (unaudited)
	Global X SuperDividend^® REIT ETF

	AVERAGE ANNUAL TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2021
	One Year Return		Three Year Return		Five Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X SuperDividend^® REIT ETF	38.84%	38.46%	-5.15%	-5.23%	0.11%	0.06%	1.57%	1.56%
Solactive Global SuperDividend^® REIT Index	39.33%	39.33%	-4.87%	-4.87%	0.60%	0.60%	2.11%	2.11%
S&P 500^® Index	42.91%	42.91%	21.48%	21.48%	18.93%	18.93%	14.92%	14.92%

* The Fund commenced operations on March 16, 2015.

The S&P 500^® Index is a market capitalization weighted composite index of 500 large capitalization U.S. companies.

	Management Discussion of Fund Performance (unaudited)
	Global X SuperDividend^® REIT ETF

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

See definition of comparative indices on the previous page.

	Management Discussion of Fund Performance (unaudited)
	Global X NASDAQ 100^® Covered Call ETF

Global X NASDAQ 100^® Covered Call ETF

The Global X NASDAQ^® 100 Covered Call ETF (“Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the CBOE NASDAQ-100-100^® BuyWrite V2 Index (“Underlying 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 Underlying Index.

The CBOE NASDAQ-100^® BuyWrite Index (“BXN Index”) is a benchmark index that measures the performance of a theoretical portfolio that holds a variety of the stocks included in the NASDAQ-100^® Index (“Reference Index”) and “writes” (or sells) a succession of one-month at-the-money (“ATM”) Reference Index covered call options. The Underlying Index replicates the methodology used to calculate the BXN Index, with one exception: the written Reference Index covered call options are held until one day prior to the expiration date (i.e., generally the Thursday preceding the third Friday of the month) and are liquidated at a volume weighted average price determined at the close.

For the 12-month period ended October 31, 2021 (the “reporting period”), the Fund increased 23.89%, while the Underlying Index increased 24.46%. The Fund had a net asset value of $20.65 per share on October 31, 2020 and ended the reporting period with a net asset value of $22.82 per share on October 31, 2021.

During the reporting period, the highest returns derived from Moderna, Inc., and Tesla Inc., which returned 411.65% and 187.08%, respectively. The worst performers included Zoom Video Communications Inc., and Peloton Interactive Inc., which returned -40.41% and -34.61%, respectively.

The Fund invests in stocks on the NASDAQ-100^® and “writes” or “sells” corresponding call options on the Reference Index. The strategy tends to produce higher yields in volatile and uncertain times, when it can collect higher option premiums. The Fund underperformed the benchmark, the NASDAQ-100^®, during the reporting period, as volatility subsided over the fiscal year, reducing the amount of premiums received on written options. The Fund’s performance was affected as stocks rallied over the period, with progress in COVID-19 vaccinations leading to a shift from a stay-at-home economy to a reopening economy. The Fund collected high option premiums when the market was volatile, but the NASDAQ-100^® market rally later in the period limited the upside at the Fund level due to the ATM options writing. The Fund benefited from the constituents of NASDAQ-100^®, which performed positively during the reporting period. Given the Fund’s options-writing strategy, it loses profit potential if the Reference Index rises above the strike price of the index call option.

	Management Discussion of Fund Performance (unaudited)
	Global X NASDAQ 100^® Covered Call ETF

	AVERAGE TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2021
	One Year Return		Three Year Return		Five Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X NASDAQ 100^® Covered Call ETF	23.89%	23.64%	10.74%	10.63%	11.67%	11.54%	9.34%	9.32%
Hybrid CBOE NASDAQ-100^® BuyWrite Index/CBOE NASDAQ-100^® BuyWrite V2 Index**	24.46%	24.46%	12.13%	12.13%	12.88%	12.88%	10.32%	10.32%
NASDAQ 100^® Total Return Index	44.43%	44.43%	32.74%	32.74%	28.25%	28.25%	22.54%	22.54%

* The Fund commenced operations on December 11, 2013.

** Hybrid Index 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 (See Note 1 in Notes to Financial Statements).

On October 14, 2015, Global X Management Company LLC (The “Advisor”) changed the Fund’s primary benchmark from the BXN Index to BXNT Index in connection with a change in the Fund’s principal strategies. The Advisor believes the BXNT Index is a better measure of the Fund’s performance. Returns reflect a blended benchmark.

	Management Discussion of Fund Performance (unaudited)
	Global X NASDAQ 100^® Covered Call ETF

The Nasdaq-100^® Index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization.

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

See definition of comparative indices on the previous page.

	Management Discussion of Fund Performance (unaudited)
	Global X S&P 500^® Covered Call ETF

Global X S&P 500^® Covered Call ETF

The Global X S&P 500^® Covered Call ETF (“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 (“Underlying 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 Underlying Index.

The Underlying Index measures the total rate of return of a S&P 500^® Index covered call strategy. This strategy consists of holding a portfolio indexed to the S&P 500^® Index and selling a succession of one-month at-the-money S&P 500^® Index call options. A covered call strategy is generally considered to be an investment strategy in which an investor buys a security, and sells (or “writes”) a call option on that security in an attempt to generate more income. Each time the Fund writes a covered call option, the Fund receives a payment of money from the investor who buys the option from the Fund, which is called the premium. If the value of the Fund’s call option that it has written declines because of a decline in the value of the S&P 500^® Index, the premium that the Fund received for writing the covered call option offsets this loss to some extent.

For the 12-month period ended October 31, 2021 (the “reporting period”), the Fund increased 30.67%, while the Underlying Index increased 31.54%. The Fund had a net asset value of $42.45 per share on October 31, 2020 and ended the reporting period with a net asset value of $50.37 per share on October 31, 2021.

During the reporting period, the highest returns derived from Devon Energy Corporation and Diamondback Energy Inc., which returned 370.78% and 324.25%, respectively. The worst performers included Penn National Gaming Inc., and MarketAxess Holdings Inc., which returned -39.00% and -23.77%, respectively.

The Fund invests in stocks listed on the S&P 500^® Index and “writes” or “sells” corresponding call options on the same index. The S&P 500^® Index generated strong returns in the reporting period, reaching record levels, which contributed to the Fund’s performance. However, the Fund’s gains were constrained by call-option writing, leading to underperformance versus the broad S&P 500^® Index. The Fund collected high option premiums when the market was volatile, but the stock rally later in the period affected its performance. The S&P 500^® Index improved in the period with accommodative Federal Reserve policies, the reopening economy, and strong earnings. Given the Fund’s options-writing strategy, it cedes potential profit when the Underlying Index advances above the strike price of the index call option.

	Management Discussion of Fund Performance (unaudited)
	Global X S&P 500^® Covered Call ETF

	AVERAGE TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2021
	One Year Return		Three Year Return		Five Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X S&P 500^® Covered Call ETF	30.67%	29.46%	9.46%	9.43%	9.99%	9.99%	8.93%	9.02%
Hybrid S&P 500^® Stock Covered Call Index/CBOE S&P 500 2% OTM BuyWrite Index/CBOE S&P 500 BuyWrite Index**	31.54%	31.54%	10.53%	10.53%	10.62%	10.62%	9.18%	9.18%
S&P 500^® Index	42.91%	42.91%	21.48%	21.48%	18.93%	18.93%	15.79%	15.79%

* The Fund commenced operations on June 21, 2013.

** Hybrid Index performance reflects the performance of the S&P 500^® Stock Covered Call Index through September 14, 2017, the CBOE S&P 500 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 (See Note 1 in Notes to Financial Statements).

The S&P 500^® Index is a market capitalization weighted composite index of 500 large capitalization U.S. companies.

	Management Discussion of Fund Performance (unaudited)
	Global X S&P 500^® Covered Call ETF

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

See definition of comparative indices on the previous page.

	Management Discussion of Fund Performance (unaudited)
	Global X Russell 2000 Covered Call ETF

Global X Russell 2000 Covered Call ETF

The Global X Russell 2000 Covered Call ETF (“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 (“Underlying 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 Underlying Index.

The Underlying Index measures the performance of a theoretical portfolio that holds a portfolio of the stocks included in the Russell 2000 Index (the “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 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 Underlying Index. In seeking to track the Underlying Index, the Fund follows a “buywrite” (also called a covered call) investment strategy on the Reference Index in which the Fund purchases the component securities of the Reference Index or purchases other investments (including other underlying ETFs) that have economic characteristics that are substantially identical to the economic characteristics of such component securities, and also writes (or sells) call options that correspond to the Reference Index.

For the 12-month period ended October 31, 2021 (the “reporting period”), the Fund increased 38.82%, while the Underlying Index increased 39.62%. The Fund had a net asset value of $20.45 per share on October 31, 2020 and ended the reporting period with a net asset value of $25.18 per share on October 31, 2021.

During the reporting period, the Vanguard Russell 2000 ETF, the only holding of the Fund, returned 50.63%.

The Fund invests in the Vanguard Russell 2000 ETF, which invests in the underlying holdings of the Russell 2000 Index and “writes” or “sells” corresponding call options on the same index. During the reporting period, U.S. small cap stocks strongly rallied at the end of 2020 and in the early stages of 2021. However, small cap stocks did not perform as well for the rest of the reporting period, with waves of COVID-19 outbreaks, news about the Federal Reserve’s tapering plans, and inflation worries. The U.S. Dollar was generally on an upward trajectory, which helped domestic-oriented small cap stocks. High volatility in the small-cap space and broader market saw the Fund collect higher option premiums during the reporting period. Given the Fund’s options-writing strategy, it cedes potential profit when the Russell 2000 Index advances above the strike price of the index call option.

	Management Discussion of Fund Performance (unaudited)
	Global X Russell 2000 Covered Call ETF

	AVERAGE TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2021
	One Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X Russell 2000 Covered Call ETF	38.82%	38.88%	12.11%	12.14%
CBOE Russell 2000 BuyWrite Index	39.62%	39.62%	13.16%	13.16%
Russell 2000 Index	50.80%	50.80%	17.68%	17.68%

* The Fund commenced operations on April 17, 2019.

The Russell 2000 Index is an index measuring the performance of approximately 2,000 smallest-cap American companies in the Russell 3000 Index, which is made up of 3,000 of the largest U.S. stocks. It is a market-cap weighted index.

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. See definition of comparative indices above.

	Management Discussion of Fund Performance (unaudited)
	Global X Nasdaq 100^® Covered Call & Growth ETF

Global X Nasdaq 100^® Covered Call & Growth ETF

The Global X Nasdaq 100^® Covered Call & Growth ETF (“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 (“Underlying 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 Underlying Index.

The Underlying Index measures the performance of a theoretical portfolio that holds a portfolio of the stocks included in the Nasdaq 100^® Index (the “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. The written covered call options on the Reference Index are held until one day prior to expiration. By only writing call options on approximately 50% of the value of the portfolio of stocks in the Reference Index, the strategy can provide income generation from call options while allowing for some potential upside exposure to the growth of the underlying constituents of the Reference Index, relative to a 100% covered call strategy.

For the 12-month period ended October 31, 2021 (the “reporting period”), the Fund increased 33.42%, while the Underlying Index increased 34.37%. The Fund had a net asset value of $26.27 per share on October 31, 2020 and ended the reporting period with a net asset value of $33.09 per share on October 31, 2021.

During the reporting period, the highest returns came from Moderna Inc and Tesla Inc, which returned 411.65% and 187.08%, respectively. The worst performers included Zoom Video Communications Inc. and Peloton Interactive Inc, which returned -40.41% and -34.61%, respectively.

The Fund follows a “covered call” or “buy-write” strategy, buying stocks on the Nasdaq-100^®and “writing” or “selling” corresponding call options on approximately 50% of the value of the portfolio of stocks on the same index. Over the reporting period, the Fund collected high option premiums when the market was volatile, and participated in some of the market rally in the Nasdaq-100^®. Technology stocks performed well over the reporting period, with the higher adoption of technologies and the low interest rate environment. The Fund underperformed the Nasdaq-100^® due to the call options written to generate income.

	Management Discussion of Fund Performance (unaudited)
	Global X Nasdaq 100^® Covered Call & Growth ETF

	AVERAGE TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2021
	One Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X Nasdaq 100^®Covered Call & Growth ETF	33.42%	34.00%	29.92%	30.02%
CBOE NASDAQ-100 Half BuyWrite V2 Index**	34.37%	34.37%	30.67%	30.67%
NASDAQ-100^®Index	44.43%	44.43%	40.33%	40.33%

* The Fund commenced operations on September 18, 2020.

** The CBOE NASDAQ-100 Half BuyWrite V2 Index measures the total rate of return of a hypothetical “covered call” strategy applied to the NASDAQ 100^® Index that only writes half a unit of an at-the-money monthly Call option for every notional unit of the long position.

The Nasdaq-100^® Index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization.

There are no assurances that the Fund will meet its stated objectives.

	Management Discussion of Fund Performance (unaudited)
	Global X Nasdaq 100^® Covered Call & Growth ETF

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

See definition of comparative indices on the previous page.

	Management Discussion of Fund Performance (unaudited)
	Global X S&P 500^® Covered Call & Growth ETF

Global X S&P 500^® Covered Call & Growth ETF

The Global X S&P 500^® Covered Call & Growth ETF (“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 (“Underlying 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 Underlying Index.

The Underlying Index measures the performance of a theoretical portfolio that holds a portfolio of the stocks included in the S&P 500^® Index (the “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. The written covered call options on the Reference Index are held until expiration. The Reference Index is a float-adjusted market capitalization weighted index which measures the performance of the equity securities of 500 industrial, information technology, utility and financial companies, amongst other sectors, and is regarded as generally representative of the U.S. stock market.

During the reporting period ended October 31, 2021 (the “reporting period”), the Fund increased 35.18%, while the Underlying Index increased 37.26%. The Fund had a net asset value of $24.69 per share on October 31, 2020 and ended the reporting period with a net asset value of $31.83 per share on October 31, 2021.

During the reporting period, the highest returns derived from Devon Energy Corporation and Diamondback Energy Inc., which returned 370.78% and 324.25%, respectively. The worst performers included Penn National Gaming Inc. and MarketAxess Holdings Inc., which returned -39.00% and -23.77%, respectively.

The Fund follows a “covered-call” or “buy-write” strategy, purchasing stocks on the Reference Index, and “writing” or “selling” corresponding call options on approximately 50% of the value of the portfolio of stocks on the Reference Index. Over the reporting period, it collected high option premiums when the market was volatile, but the stock rally later during the reporting period affected its returns to some extent, leading to underperformance in comparison to the ReferenceIndex, which reached an all-time high.

	AVERAGE TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2021
	One Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X S&P 500^® Covered Call & Growth ETF	35.18%	35.38%	29.11%	28.86%
CBOE S&P 500 Half BuyWrite Index**	37.26%	37.26%	30.43%	30.43%
S&P 500^® Index	42.91%	42.91%	35.98%	35.98%

	Management Discussion of Fund Performance (unaudited)
	Global X S&P 500^® Covered Call & Growth ETF

* The Fund commenced operations on September 18, 2020.

** The CBOE S&P 500 Half BuyWrite Index (the “BXMH Index”) measures the total rate of return of a hypothetical “covered call” strategy applied to the S&P 500 Composite Price Index (the “S&P 500^® Index”) that only writes half a unit of an at-the-money monthly Call option for every notional unit of the long position.

The S&P 500^® Index is a market capitalization weighted composite index of 500 large capitalization U.S. companies.

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

See definition of comparative indices above.

	Management Discussion of Fund Performance (unaudited)
	Global X SuperIncome™ Preferred ETF

Global X SuperIncome™ Preferred ETF

The Global X SuperIncome^TM Preferred ETF (“Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Enhanced Yield North American Preferred Stock Index (“Underlying 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 Underlying Index.

The Underlying Index tracks the performance of the highest-yielding preferred securities in the United States and Canada, as determined by Standard & Poor’s Financial Services, LLC, a subsidiary of the McGraw-Hill Companies (“S&P”), the provider of the Underlying Index. The Underlying Index is comprised of preferred stocks that meet certain criteria relating to size, liquidity, issuer concentration and rating, maturity and other requirements, as determined by S&P. The Underlying Index does not seek to directly reflect the performance of the companies issuing the preferred stock.

For the 12-month period ended October 31, 2021 (the “reporting period”), the Fund increased 13.71%, while the Underlying Index increased 14.56%. The Fund had a net asset value of $11.12 per share on October 31, 2020 and ended the reporting period with a net asset value of $11.94 per share on October 31, 2021.

During the reporting period, the highest returns derived from Sabre Corporation and Crestwood Equity Partners LP, which returned 103.17% and 84.75%, respectively. The worst performers included ViacomCBS Inc., and Becton Dickinson, which returned

-6.51% and -4.80%, respectively.

The Fund invests in preferred shares, with some of the highest dividend yields in the United States and Canada. Globally, effective COVID-19 vaccination programs drove economic growth during the reporting period. During the reporting period, accomodative Federal Reserve policies kept rates low and credit spreads tight, driving interest in higher yielding assets, such as preferred stock. Investors also refocused their attention on preferred stocks due to their considerable sector exposure to Financials, which benefits from a stronger economy. During the reporting period, the Fund had an approximate average sector exposure of 58% to Financials, 8% to Information Technology, and 6% to Energy.

	Management Discussion of Fund Performance (unaudited)
	Global X SuperIncome™ Preferred ETF

	AVERAGE TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2021
	One Year Return		Three Year Return		Five Year Return		AnnualizedInception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X SuperIncome™ Preferred ETF	13.71%	14.41%	7.66%	7.75%	4.62%	4.59%	4.32%	4.51%
S&P Enhanced Yield North American Preferred Stock Index	14.56%	14.56%	8.28%	8.28%	5.19%	5.19%	4.95%	4.95%
S&P 500^® Index	42.91%	42.91%	21.48%	21.48%	18.93%	18.93%	16.37%	16.37%

* Fund commenced operations on July 16, 2012.

The S&P 500^® Index is a market capitalization weighted composite index of 500 large capitalization U.S. companies.

There are no assurances that the Fund will meet its stated objectives.

	Management Discussion of Fund Performance (unaudited)
	Global X SuperIncome™ Preferred ETF

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

See definition of comparative indices on the previous page.

	Management Discussion of Fund Performance (unaudited)
	Global X Renewable Energy Producers ETF

Global X Renewable Energy Producers ETF

The Global X Renewable Energy Producers ETF (“Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Renewable Energy Producers Index. (“Underlying 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 Underlying Index.

The Underlying Index is a net total return index designed to track the performance of companies that are involved in the generation, distribution, transmission, or providing infrastructure to the renewable energy space, as defined by Indxx, the provider of the Underlying Index.

For the 12-month period ended October 31, 2021 (the “reporting period”), the Fund increased 15.37%, while the Underlying Index increased 15.96%. The Fund had a net asset value of $14.87 per share on October 31, 2020 and ended the reporting period with a net asset value of $16.82 per share on October 31, 2021.

During the reporting period, the highest returns came from China Longyuan Power Group Corp. Ltd. Class H and Gunkul Engineering Public Co. Ltd. NVDR, which returned 246.40% and 163.12%, respectively. The worst performers were Scatec ASA and Azure Power Global Ltd., which returned -48.25% and -37.25%, respectively.

Durable tailwinds resulted in solid performance for renewable energy producers despite significant obstacles over the reporting period. The COVID-19 pandemic continued to disrupt supply chains across several sectors, driving up prices and making it more difficult for renewable energy producers to acquire equipment or components. However, costs associated with renewable energy remained competitive against traditional energy sources in most markets, especially as oil and gas prices rallied higher. Increasing demand for power globally and mounting urgency to address climate change also drove the segment forward during the reporting period. Notably, the United States reported record renewable energy consumption in the first half of 2021, while key markets such as China, the European Union, and Canada continued to add capacity. Increasingly forthcoming international commitments coupled with new technologies such as green hydrogen could continue to expand the reach of clean energy. Sector weightings of the Fund were reported to be the highest in Utilities, at 88.3%. Geographically, the Fund maintained an average allocation of 14.6% to United States stocks, followed by New Zealand (9.6%) and Canada (8.5%).

	Management Discussion of Fund Performance (unaudited)
	Global X Renewable Energy Producers ETF

	AVERAGE TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2021
	One Year Return		Three Year Return		Five Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X Renewable Energy Producers ETF	15.37%	15.43%	16.91%	16.89%	12.58%	12.39%	5.70%	5.69%
Hybrid Indxx Renewable Energy Producers Index**	15.96%	15.96%	17.50%	17.50%	13.09%	13.09%	6.10%	6.10%
MSCI ACWI (Net)	37.28%	37.28%	17.47%	17.47%	14.72%	14.72%	10.65%	10.65%

* Fund commenced operations on May 27, 2015.

**Hybrid index performance reflects the performance of the Indxx Global YieldCo Index through November 18, 2018 and the Indxx YieldCo & Renewable Energy Income Index thereafter. Effective February 1, 2021, the name of the Underlying Index changed from Indxx YieldCo & Renewable Energy Income Index to the Indxx Renewable Energy Producers Index.

	Management Discussion of Fund Performance (unaudited)
	Global X Renewable Energy Producers ETF

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

High short term performance of the fund is unusual and investors should not expect such performance to be repeated.

See definition of comparative indices on the previous page.

	Management Discussion of Fund Performance (unaudited)
	Global X S&P 500^® Catholic Values ETF

Global X S&P 500^® Catholic Values ETF

The Global X S&P 500^® Catholic Values ETF (“Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P 500^®Catholic Values Index (“Underlying 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 Underlying Index.

The Underlying Index is designed to provide exposure to U.S. equity securities included in the S&P 500^® Index while maintaining alignment with the moral and social teachings of the Catholic Church. The Underlying Index applies exclusion criteria to the constituents of the S&P 500^® Index in order to create a benchmark aligned with the moral and social teachings of the Catholic Church. These values are consistent with the Socially Responsible Investment Guidelines outlined by the United States Conference of Catholic Bishops (USCCB). The Underlying Index is designed for investors who do not want to breach religious norms in their passive investment strategies. The Underlying Index is reweighted quarterly so that its sector exposures match the sector exposures of the S&P 500^® Index..

For the 12-month period ended October 31, 2021 (the “reporting period”), the Fund increased 43.54%, while the Underlying Index increased 43.94%. The Fund had a net asset value of $40.32 per share on October 31, 2020 and ended the reporting period with a net asset value of $57.22 per share on October 31, 2021.

During the reporting period, the highest returns came from Devon Energy Corporation and Diamondback Energy Inc., which returned 370.78% and 324.25%, respectively. The worst performers were MarketAxess Holdings Inc., and Incyte Corporation which returned -23.77% and -22.69%, respectively.

The Fund provides exposure to companies within the S&P 500^® Index whose business practices align with the investment guidelines set by the USCCB. As of October 31, 2021, the Fund had 474 equity holdings compared with the 505 holdings of the S&P 500^® Index. To mitigate the potential performance differences between the S&P 500^® Index and the Fund, the Fund’s sector exposures are reweighted to align with those of the S&P 500^® Index on a quarterly basis. Because of supportive fiscal and monetary policies in the U.S., during the reporting period the economy experienced a strong recovery and corporate profitability increased, all helping to propel equity markets. Over the reporting period, Information Technology had the highest average sector weighting of 28% in the Fund, followed by Health Care at 13% and Financials at 12%.

	Management Discussion of Fund Performance (unaudited)
	Global X S&P 500^® Catholic Values ETF

	AVERAGE TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2021
	One Year Return		Three Year Return		Five Year Return		AnnualizedInception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X S&P 500^® Catholic Values ETF	43.54%	44.68%	21.56%	21.58%	18.99%	18.94%	17.51%	17.54%
S&P 500^® Catholic Values Index	43.94%	43.94%	21.95%	21.95%	19.36%	19.36%	17.85%	17.85%
S&P 500^® Index	42.91%	42.91%	21.48%	21.48%	18.93%	18.93%	17.50%	17.50%

* Fund commenced operations on April 18, 2016.

The S&P 500^® Index is a market capitalization weighted composite index of 500 large capitalization U.S. companies.

There are no assurances that the Fund will meet its stated objectives.

	Management Discussion of Fund Performance (unaudited)
	Global X S&P 500^® Catholic Values ETF

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

See definition of comparative indices on the previous page.

	Management Discussion of Fund Performance (unaudited)
	Global X S&P Catholic Values Developed ex-US ETF

Global X S&P Catholic Values Developed ex-US ETF

The Global X S&P Catholic Values Developed ex-U.S. ETF (“Fund”) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Developed ex-U.S. Catholic Values Index (“Underlying 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 Underlying Index.

The Underlying Index is designed to provide exposure to developed market equity securities outside the U.S. while maintaining alignment with the moral and social teachings of the Catholic Church. The Underlying Index applies exclusion criteria to the constituents of the S&P EPAC ex-Korea Large Cap Index in order to create a benchmark aligned with Catholic values. These values are consistent with the Social Responsible Investment Guidelines outlined by the United States Conference of Catholic Bishops (USCCB). The Underlying Index is designed for investors who do not want to breach religious norms in their passive investment strategies. The Underlying Index is reweighted quarterly so that the Underlying Index’s sector exposures match the sector exposures of the S&P EPAC ex-Korea Large Cap Index.

For the 12-month period ended October 31, 2021 (the “reporting period”), the Fund increased 33.79%, while the Underlying Index increased 34.43%. The Fund had a net asset value of $24.98 per share on October 31, 2020 and ended the reporting period with a net asset value of $32.8 per share on October 31, 2021.

During the reporting period, the highest returns came from Ascendas REIT and Norsk Hydro ASA which returned 518.75% and 177.76%, respectively. The worst performers were China Evergrande New Energy Vehicle Group Ltd. and Alibaba Health Information Technology Ltd. which returned -86.88% and -63.38%, respectively.

The Fund provides exposure to companies in developed markets outside of the U.S., whose business practices align with the investment guidelines set by the USCCB. To mitigate the potential performance differences between the Fund and traditional International equity benchmarks, the Fund’s sector exposures are reweighted to align with those of the S&P EPAC ex-Korea Large Cap Index on a quarterly basis. During the reporting period, Financials had the highest average weighting of 17% in the Fund, followed by Industrials at 15% and Health Care at 13%. Geographically, the Fund had an approximate average exposure of 32% to Japan, 10% to Australia, 9% to the United Kingdom.

	Management Discussion of Fund Performance (unaudited)
	Global X S&P Catholic Values Developed ex-US ETF

	AVERAGE TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2021
	One Year Return		AnnualizedInception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X S&P Catholic Values Developed ex-US ETF	33.79%	34.40%	23.70%	24.16%
S&P Developed ex-U.S. Catholic Values Index	34.43%	34.43%	24.16%	24.16%
MSCI EAFE Index (Net)	34.18%	34.18%	23.73%	23.73%

* Fund commenced operations on June 22, 2020.

	Management Discussion of Fund Performance (unaudited)
	Global X S&P Catholic Values Developed ex-US ETF

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

See definition of comparative indices on the previous page.

	Management Discussion of Fund Performance (unaudited)
	Global X Guru^® Index ETF

Global X Guru^® Index ETF

The Global X Global X Guru^® Index ETF (“Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Guru Index (“Underlying 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 Underlying Index.

The Underlying Index is comprised of the top U.S. listed equity positions reported on Form 13F by a select group of entities that Solactive AG (the “Index Provider”) characterizes as hedge funds. Hedge funds are selected from a pool of thousands of privately offered pooled investment vehicles based on the size of their reported equity holdings and the efficacy of replicating their publicly disclosed positions. Additional filters are applied to eliminate hedge funds that have high turnover rates for equity holdings. Only hedge funds with concentrated top holdings are included in the selection process. Once the hedge fund pool has been determined, the Index Provider utilizes 13F filings to compile the top stock holding from each of these hedge funds. The stocks are screened for liquidity and equal weighted.

For the 12-month period ended October 31, 2021 (the “reporting period”), the Fund increased 37.43%, while the Underlying Index increased 37.36%. The Fund had a net asset value of $37.31 per share on October 31, 2020 and ended the reporting period with a net asset value of $50.24 per share on October 31, 2021.

During the reporting period, the highest returns came from Tenet Healthcare Corporation and Cheniere Energy Inc., which returned 192.01% and 116%, respectively. The worst performers were Turning Point Therapeutics, Inc. and Amicus Therapeutics Inc., which returned -64.43% and -49.52%, respectively.

The Fund’s investments are among the highest-conviction U.S.-listed equity positions reported on Form 13F by major hedge funds. Over the reporting period, the Fund delivered positive performance but trailed the S&P 500^® Index. Quarterly rebalancing results in dynamic exposures, which can change significantly through the year. The Fund benefited from its exposure to the Information Technology, Consumer Discretionary, and Communication Services sectors, which delivered strong performance compared to other sectors. The Fund’s underperformance relative to the S&P 500^® Index was primarily the result of more limited exposure in the Information Technology sector, as well as underperformance in stock selection in that sector. Poor stock selection in the Health Care sector also negatively contributed to performance relative to the S&P 500^® Index.

	Management Discussion of Fund Performance (unaudited)
	Global X Guru^® Index ETF

	AVERAGE TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2021
	One Year Return		Three Year Return		Five Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X Guru^® Index ETF	37.43%	37.93%	20.16%	20.18%	17.85%	17.87%	15.18%	15.19%
Solactive Guru Index	37.36%	37.36%	20.23%	20.23%	18.05%	18.05%	15.53%	15.53%
S&P 500^® Index	42.91%	42.91%	21.48%	21.48%	18.93%	18.93%	16.89%	16.89%

* The Fund commenced operations on June 4, 2012.

The S&P 500^® Index is a market capitalization weighted composite index of 500 large capitalization U.S. companies.

	Management Discussion of Fund Performance (unaudited)
	Global X Guru^® Index ETF

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

See definition of comparative indices on the previous page.

	Management Discussion of Fund Performance (unaudited)
	Global X S&P 500^® Tail Risk ETF

Global X S&P 500^® Tail Risk ETF

The Global X S&P 500^® Tail Risk ETF (“Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500 Tail Risk Index (“Underlying 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 Underlying Index.

The Underlying Index measures the performance of a risk management strategy that holds the underlying stocks of the S&P 500^® Index and applies a protective put strategy (i.e. long put options) on the S&P 500^® Index. The Underlying Index specifically reflects the performance of the component securities of the S&P 500^® Index, combined with a long position in 10% out-of-the-money (“OTM”) put options that correspond to the value of the portfolio of stocks in the S&P 500^® Index.

From the inception of the Fund to the period ended October 31, 2021 (the “reporting period”), the Fund increased 1.43%, while the Underlying Index increased 1.59%. The Fund had a net asset value of $27.33 per share on August 25, 2021 and ended the reporting period with a net asset value of $27.72 per share on October 31, 2021.

During the reporting period, the highest returns came from Tesla Inc., and Coterra Energy Inc., which returned 56.64% and 45.53%, respectively. The worst performers were Biogen Inc., and DaVita Inc., which returned -22.19% and -21.05%, respectively.

The Fund invests in the stocks in the S&P 500^® Index, while buying OTM put options on the S&P 500^® Index. While the strategy provides uncapped growth potential, it offers a measure of downside risk, mitigating significant selloffs of greater than approximately -10% between the purchase of the put option and its expiration in three months. Since its launch, the Fund has benefited from the S&P 500’s equity market rally. Accommodative monetary policies and earnings growth drove some of the Underlying Index’s gains during the reporting period. Nonetheless, the gains were pared by costs associated with protection-buying puts, causing a measure of underperformance versus the S&P 500^® Index.

	AVERAGE TOTAL RETURN FOR THE PERIOD ENDED OCTOBER 31, 2021
	Cumulative Inception to Date*
	Net Asset Value	Market Price
Global X S&P 500^® Tail Risk ETF	1.43%	1.54%
Cboe S&P 500 Tail Risk Index	1.59%	1.59%
S&P 500^® Index	2.66%	2.66%

	Management Discussion of Fund Performance (unaudited)
	Global X S&P 500^® Tail Risk ETF

* The Fund commenced operations on August 25, 2021.

The S&P 500^® Index is a market capitalization weighted composite index of 500 large capitalization U.S. companies.

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

See definition of comparative indices above.

	Management Discussion of Fund Performance (unaudited)
	Global X S&P 500^® Risk Managed Income ETF

Global X S&P 500^® Risk Managed Income ETF

The Global X S&P 500^® Risk Managed Income ETF (“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 (“Underlying 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 Underlying Index.

The Underlying Index measures the performance of a risk managed income strategy that holds the underlying stocks of the S&P 500^® Index and applies an options collar strategy (i.e., a mix of short (sold) call options and long (purchased) put options) on the S&P 500^® Index. The Underlying Index specifically reflects the performance of the component securities of the S&P 500^® 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 S&P 500^® Index. The options collar seeks to generate a net-credit, meaning that the premium received from the sale of the call options is greater than the premium paid when buying the put options.

From the inception of the Fund to the period ended October 31, 2021 (the “reporting period”), the Fund increased 1.60%, while the Underlying Index increased 1.82%. The Fund had a net asset value of $26.77 per share on August 25, 2021 and ended the reporting period with a net asset value of $26.83 per share on October 31, 2021.

During the reporting period, the highest returns derived from Tesla Inc. and Coterra Energy Inc., which returned 56.64% and 45.53%, respectively. The worst performers included Biogen Inc. and DaVita Inc., which returned -22.19% and -21.05%, respectively.

The Fund’s options collar strategy tends to produce higher yields in volatile and uncertain times, allowing the Fund to collect higher option premiums and mitigate risks arising from a major market selloff through the purchase of protective puts. Since its launch, the Fund has been earning income from the volatility inherent to equities; as volatility increases, option premiums become more expensive, resulting in a greater net credit when selling the ATM call option and buying the OTM put option. The S&P 500^® also finished modestly higher in the period, benefiting the Fund.

	AVERAGE TOTAL RETURN FOR THE PERIOD ENDED OCTOBER 31, 2021
	Cumulative Inception to Date*
	Net Asset Value	Market Price
Global X S&P 500^® Risk Managed Income ETF	1.60%	1.64%
CBOE S&P 500 Risk Managed Income Index	1.82%	1.82%
S&P 500^® Index	2.66%	2.66%

	Management Discussion of Fund Performance (unaudited)
	Global X S&P 500^® Risk Managed Income ETF

* The Fund commenced operations on August 25, 2021.

The S&P 500^® Index is a market capitalization weighted composite index of 500 large capitalization U.S. companies.

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

See definition of comparative indices on the previous page.

	Management Discussion of Fund Performance (unaudited)
	Global X S&P 500^® Collar 95-110 ETF

Global X S&P 500^® Collar 95-110 ETF

The Global X S&P 500^® Collar 95-110 ETF (“Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500 3-Month Collar 95-110 Index (“Underlying 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 Underlying Index.

The Underlying Index measures the performance of a risk management strategy that holds the underlying stocks of the S&P 500^® Index and applies an options collar strategy (i.e., a mix of short call options and long put options) on the S&P 500^® Index. The Underlying Index specifically reflects the performance of the component securities of the S&P 500^® Index, combined with a long position in 5% out-of-the-money (“OTM”) put options and a short position in 10% OTM call options, each corresponding to the value of the portfolio of stocks in the S&P 500^® Index.

From the inception of the Fund to the period ended October 31, 2021 (the “reporting period”), the Fund increased 1.06%, while the Underlying Index increased 1.12%. The Fund had a net asset value of $27.28 per share on August 25, 2021 and ended the reporting period with a net asset value of $27.57 per share on October 31, 2021.

During the reporting period, the highest returns came from Tesla Inc. and Coterra Energy Inc., which returned 56.64% and 45.53%, respectively. The worst performers were Biogen Inc. and DaVita Inc., which returned -22.19% and -21.05%, respectively.

The Fund invests in the stocks in the S&P 500^® Index, while applying a net-debit options collar strategy, meaning the cost of the purchased put option is expected to surpass the premiums received from selling the call option. The strategy is designed for investing in a broad basket of U.S. equities, while capping the upside at 10% over the three-month option period and limiting the downside to 5%. The intention is to balance between limiting the downside and retaining upside potential, while ensuring the strategy is not too costly to implement. Returns during the reporting period finished modestly higher as market expectations were tapered with hawkish monetary policies and concerns about potential further waves of COVID-19 outbreaks. Since its launch, the Fund’s returns were range-bound within the collar strategy the Fund is designed to implement.

	AVERAGE TOTAL RETURN FOR THE PERIOD ENDED OCTOBER 31, 2021
	Cumulative Inception to Date*
	Net Asset Value	Market Price
Global X S&P 500^® Collar 95-110 ETF	1.06%	1.17%
Cboe S&P 500 3-Month Collar 95-110 Index	1.12%	1.12%
S&P 500^® Index	2.66%	2.66%

	Management Discussion of Fund Performance (unaudited)
	Global X S&P 500^® Collar 95-110 ETF

* The Fund commenced operations on August 25, 2021.

The S&P 500^® Index is a market capitalization weighted composite index of 500 large capitalization U.S. companies.

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

See definition of comparative indices above.

	Management Discussion of Fund Performance (unaudited)
	Global X NASDAQ 100^® Tail Risk ETF

Global X NASDAQ 100^® Tail Risk ETF

The Global X NASDAQ^® 100 Tail Risk ETF (“Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the NASDAQ -100 Quarterly Protective Put 90 Index (“Underlying 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 Underlying Index.

The Underlying Index measures the performance of a risk management strategy that holds the underlying stocks of the NASDAQ-100^® Index and applies a protective put strategy by purchasing long put options on the NASDAQ-100^® Index. The Underlying Index specifically reflects the performance of the component securities of the NASDAQ-100^® Index, combined with a long position in 10% out-of-the-money (“OTM”) put options that correspond to the value of the portfolio of stocks in the NASDAQ-100^® Index.

From the inception of the Fund to period ended October 31, 2021 (the “reporting period”), the Fund increased 1.83%, while the Underlying Index increased 1.8%. The Fund had a net asset value of $25.13 per share on August 25, 2021 and ended the reporting period with a net asset value of $25.59 per share on October 31, 2021.

During the reporting period, the highest returns came from Tesla Inc. and Atlassian Corp PLC which returned 56.64% and 29.63%, respectively. The worst performers were Biogen Inc. and Peloton Interactive Inc., which returned -22.19% and -21.34%, respectively.

The Fund invests in the stocks in the NASDAQ-100^® Index, while buying OTM put options on the same index. While the strategy provides uncapped growth potential, it offers a measure of downside risk, mitigating significant selloffs of greater than approximately -10% between the purchase of the put and the options’ expiration in three months. Tail risk strategies can crimp potential downside risks while helping investors participate in rising markets. Since its launch, the Fund has benefited from the equity rally in the underlying stocks of the NASDAQ-100^® Index. Nonetheless, the gains have been pared by costs associated with protection-buying puts, causing a measure of underperformance versus the NASDAQ-100^® Index.

	AVERAGE TOTAL RETURN FOR THE PERIOD ENDED OCTOBER 31, 2021
	Cumulative Inception to Date*
	Net Asset Value	Market Price
Global X NASDAQ 100^® Tail Risk ETF	1.83%	1.91%
NASDAQ 100 Quarterly Protective Put 90 Index	1.80%	1.80%
NASDAQ-100^® Index	3.23%	3.23%

	Management Discussion of Fund Performance (unaudited)
	Global X NASDAQ 100^® Tail Risk ETF

* The Fund commenced operations on August 25, 2021.

The Nasdaq-100^® Index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization.

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

See definition of comparative indices above.

	Management Discussion of Fund Performance (unaudited)
	Global X NASDAQ 100^® Risk Managed Income ETF

Global X NASDAQ 100^® Risk Managed Income ETF

The Global X NASDAQ 100^® Risk Managed Income ETF (“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 (“Underlying 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 Underlying Index.

The Underlying Index measures the performance of a risk managed income strategy that holds the underlying stocks of the NASDAQ-100^® Index and applies an options collar strategy (i.e., a mix of short (sold) call options and long (purchased) put options) on the NASDAQ-100^® Index. The Underlying Index specifically reflects the performance of the component securities of the NASDAQ-100^® 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 NASDAQ-100^® Index. The options collar strategy seeks to generate a net-credit, meaning that the premium received from the sale of the call options is greater than the premium paid when buying the put options.

From the inception of the Fund to period ended October 31, 2021 (the “reporting period”), the Fund decreased 0.69%, while the Underlying Index decreased 1.11%. The Fund had a net asset value of $24.60 per share on August 25, 2021 and ended the reporting period with a net asset value of $24.12 per share on October 31, 2021.

During the reporting period, the highest returns derived from Tesla Inc. and Atlassian Corp PLC, which returned 56.64% and 29.63%, respectively. The worst performers included Biogen Inc. and Peloton Interactive Inc., which returned -22.19% and -21.34%, respectively.

The Fund’s options collar strategy seeks to produce higher yields in volatile and uncertain times, allowing the Fund to collect higher option premiums and mitigate risks arising from a major market selloff through the purchase of protective puts.

Since its launch, the Fund has been earning income from the volatility inherent to equities. As volatility increases, option premiums become more expensive, resulting in a greater net credit when selling ATM call options and buying OTM put options. The Fund finished slightly down for the reporting period, as rising bond yields negatively affected technology and growth stocks to which the NASDAQ-100^® Index is heavily exposed. The net positive premiums generated by the Fund helped offset some of the losses.

	Management Discussion of Fund Performance (unaudited)
	Global X NASDAQ 100^® Risk Managed Income ETF

	AVERAGE TOTAL RETURN FOR THE PERIOD ENDED OCTOBER 31, 2021
	Cumulative Inception to Date*
	Net Asset Value	Market Price
Global X NASDAQ 100^® Risk Managed Income ETF	-0.69%	-0.69%
NASDAQ 100 Monthly Net Credit Collar 95-100 Index	-1.11%	-1.11%
NASDAQ-100^® Index	3.23%	3.23%

* The Fund commenced operations on August 25, 2021.

The Nasdaq-100^® Index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization.

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

	Management Discussion of Fund Performance (unaudited)
	Global X NASDAQ 100^® Risk Managed Income ETF

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

See definition of comparative indices on the previous page.

	Management Discussion of Fund Performance (unaudited)
	Global X NASDAQ 100^® Collar 95-110 ETF

Global X NASDAQ 100^® Collar 95-110 ETF

The Global X NASDAQ 100^® Collar 95-110 ETF (“Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the NASDAQ-100 Quarterly Collar 95-110 Index. (“Underlying 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 Underlying Index.

The Underlying Index measures the performance of a risk management strategy that holds the underlying stocks of the NASDAQ-100^® Index and applies an options collar strategy (i.e., a mix of short call options and long put options) on the NASDAQ-100^® Index. The Underlying Index specifically reflects the performance of the component securities of the NASDAQ-100^® Index, combined with a long position in 5% out-of-the-money (“OTM”) put options and a short position in 10% OTM call options, each corresponding to the value of the portfolio of stocks in the NASDAQ-100^® Index.

From the inception of the Fund to the period ended October 31, 2021 (the “reporting period”), the Fund increased 2.06%, while the Underlying Index increased 1.87%. The Fund had a net asset value of $25.27 per share on August 25, 2021 and ended the reporting period with a net asset value of $25.78 per share on October 31, 2021.

During the reporting period, the highest returns came from Tesla Inc. and Atlassian Corp. PLC, which returned 56.64% and 29.63%, respectively. The worst performers were Biogen Inc. and Peloton Interactive Inc., which returned -22.19% and -21.34%, respectively.

The Fund invests in the stocks in the NASDAQ-100^® Index, while applying a net-debit options collar strategy, meaning the cost of the purchased put option is expected to surpass the premiums received from selling the call option. Furthermore, the strategy is designed for investing in a tech-heavy basket of U.S. equities, capping the upside at 10% over the three-month option horizon and limiting downside to 5%. The intention is to balance between limiting downside and retaining upside potential while ensuring the strategy is not too costly to implement. During the reporting period, major central banks began to implement or consider implementing tighter monetary policies as inflation accelerated amid strong economic growth and disrupted supply chains, resulting in modestly positive markets. Since its launch, the Fund’s returns were range-bound within the collar strategy the Fund is designed to implement.

	AVERAGE TOTAL RETURN FOR THE PERIOD ENDED OCTOBER 31, 2021
	Cumulative Inception to Date*
	Net Asset Value	Market Price
Global X NASDAQ 100^® Collar 95-110 ETF	2.06%	2.14%
NASDAQ -100 Quarterly Collar 95-110 Index	1.87%	1.87%
NASDAQ-100^® Index	3.23%	3.23%

	Management Discussion of Fund Performance (unaudited)
	Global X NASDAQ 100^® Collar 95-110 ETF

* The Fund commenced operations on August 25, 2021.

The Nasdaq-100^® Index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization.

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares.

See definition of comparative indices above.

Schedule of Investments		October 31, 2021
	Global X Social Media ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments. Repurchase agreements purchased from cash collateral received for securities lending activity are included in total investments. Please see Note 2 and 7 in Notes to Financial Statements for more detailed information.

	Shares		Value
COMMON STOCK — 99.8%
CANADA — 0.0%
Energy — 0.0%
Hello Pal International ^*		47,410	$	16,829


CHINA — 28.9%
Communication Services — 28.9%
Baidu ADR ^*		119,704		19,420,777
Bilibili ADR ^*		231,421		16,963,159
BlueCity Holdings ADR ^*		17,068		47,108
Hello Group ADR		138,688		1,726,666
HUYA ADR ^{* (A)}		23,625		194,198
JOYY ADR		33,944		1,710,438
Kuaishou Technology, Cl B ^*		761,488		10,131,572
Meitu ^*		2,094,600		457,745
NetEase ADR		204,883		19,994,532
Tencent Holdings		647,427		40,032,187
Tencent Music Entertainment Group ADR ^*		527,187		4,143,690
Weibo ADR ^*		28,447		1,279,546

TOTAL CHINA				116,101,618
GERMANY — 0.9%
Communication Services — 0.9%
United Internet		93,821		3,461,340

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X Social Media ETF

	Shares		Value
COMMON STOCK — continued
JAPAN — 3.8%
Communication Services — 3.8%
DeNA		78,712	$	1,453,092
giftee ^*		16,100		541,491
Gree		80,988		680,434
Kakaku.com		125,832		4,154,856
Mixi		34,955		798,577
Nexon		458,621		7,766,693


TOTAL JAPAN				15,395,143
RUSSIA — 6.0%
Communication Services — 6.0%
Mail.Ru Group GDR ^*		144,854		2,963,713
Yandex, Cl A ^*		257,092		21,297,501


TOTAL RUSSIA				24,261,214
SOUTH KOREA — 10.2%
Communication Services — 10.2%
AfreecaTV		7,326		1,209,977
Com2uSCorp		7,550		830,238
Kakao		189,835		20,387,910
NAVER		53,330		18,574,567


TOTAL SOUTH KOREA				41,002,692
TAIWAN — 0.1%
Consumer Discretionary — 0.1%
PChome Online		88,344		460,646


UNITED ARAB EMIRATES — 0.2%
Communication Services — 0.2%
Yalla Group ADR ^{* (A)}		113,281		727,264


UNITED STATES — 49.7%
Communication Services — 48.3%
Alphabet, Cl A ^*		6,928		20,513,254
Angi, Cl A ^*		68,518		858,531

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X Social Media ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Bumble, Cl A		84,357	$	4,430,430
IAC ^*		76,766		11,696,835
Match Group ^*		114,107		17,205,053
Meta Platforms, Cl A ^*		127,018		41,099,214
Pinterest, Cl A ^*		327,664		14,626,921
Snap, Cl A ^*		533,291		28,040,441
Spotify Technology ^*		79,178		22,914,113
Twitter ^*		333,767		17,869,885
Vimeo ^*		136,088		4,590,248
Yelp, Cl A ^*		67,909		2,623,325
Zynga, Cl A ^*		1,042,909		7,696,668
				194,164,918


Consumer Discretionary — 0.1%
Groupon, Cl A ^*		23,944		508,092


Information Technology — 1.3%
Life360, Cl CDI		76,044		627,712
Sprout Social, Cl A ^*		34,011		4,342,525
				4,970,237


TOTAL UNITED STATES				199,643,247
TOTAL COMMON STOCK
(Cost $399,141,940)				401,069,993

SHORT-TERM INVESTMENT — 0.1%^(B)(C⁾
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010%
(Cost $415,544)		415,544		415,544

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X Social Media ETF

	Face Amount		Value
REPURCHASE AGREEMENT — 0.1%^(B⁾
BNP Paribas
0.030%, dated 10/29/21, to be repurchased on 11/01/21, repurchase price $334,500 (collateralized by U.S. Treasury Obligations, ranging in par value $13,453 - $44,862, 0.750% - 1.250%, 01/31/28 - 03/31/28, with a total market value of $341,831)
(Cost $334,499)	$	334,499	$	334,499
TOTAL INVESTMENTS — 100.0%
(Cost $399,891,983)			$	401,820,036

Percentages are based on Net Assets of $401,892,780.

*	Non-income producing security.
(A)	This security or a partial position of this security is on loan at October 31, 2021. The total value of securities on loan at October 31, 2021 was $706,718.
(B)	Security was purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2021 was $750,043.
(C)	The rate reported on the Schedule of Investments is the 7-day effective yield as of October 31, 2021.

ADR — American Depositary Receipt

Cl — Class

GDR — Global Depositary Receipt

The following is a summary of the level of inputs used as of October 31, 2021, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	401,069,993	$	—	$	—	$	401,069,993
Short-Term Investment		415,544		—		—		415,544
Repurchase Agreement		—		334,499		—		334,499
Total Investments in Securities	$	401,485,537	$	334,499	$	—	$	401,820,036

For the year ended October 31, 2021, there have been no transfers in or out of Level 3.

Amounts designated as “—“ are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X Lithium & Battery Tech ETF

Sector Weightings (Unaudited)†:

	Shares		Value
COMMON STOCK — 100.3%
AUSTRALIA — 5.1%
Materials — 5.1%
ioneer ^*		32,281,961	$	16,609,190
Mineral Resources		3,214,958		93,185,439
Orocobre ^*		11,441,367		76,483,173
Pilbara Minerals ^*		43,424,893		71,756,196
Vulcan Energy Resources ^*		1,849,173		17,375,320

TOTAL AUSTRALIA				275,409,318
CANADA — 1.4%
Materials — 1.4%
Lithium Americas ^{* (A)}		1,637,799		47,434,137
Standard Lithium ^*		2,674,032		30,309,507

TOTAL CANADA				77,743,644
CHILE — 2.9%
Materials — 2.9%
Sociedad Quimica y Minera de Chile ADR		2,797,777		153,569,979

CHINA — 45.8%
Consumer Discretionary — 5.1%
BYD, Cl H		6,754,976		257,554,056

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X Lithium & Battery Tech ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Tianneng Power International ^(A)		12,781,600	$	14,606,980
				272,161,036

Industrials — 13.1%
Contemporary Amperex Technology, Cl A		2,678,105		267,371,309
Eve Energy, Cl A		14,090,097		249,663,658
Shenzhen Yinghe Technology, Cl A		6,162,953		30,079,854
Sunwoda Electronic, Cl A		20,305,683		156,319,539
				703,434,360

Information Technology — 8.8%
NAURA Technology Group, Cl A		4,211,051		244,170,848
Wuxi Lead Intelligent Equipment, Cl A		18,014,526		228,575,459
				472,746,307

Materials — 18.8%
Beijing Easpring Material Technology, Cl A		6,450,091		89,396,829
Ganfeng Lithium, Cl A		9,348,334		244,414,249
Guangzhou Tinci Materials Technology, Cl A		8,749,011		225,369,670
Shanghai Putailai New Energy Technology, Cl A		3,707,926		102,961,588
Shenzhen Capchem Technology, Cl A		4,527,906		101,382,324
Yunnan Energy New Material, Cl A		5,471,626		249,315,471
				1,012,840,131

TOTAL CHINA				2,461,181,834
GERMANY — 1.0%
Industrials — 1.0%
Varta ^(A)		356,591		54,884,279

HONG KONG — 0.1%
Industrials — 0.1%
Honbridge Holdings ^{* (A)}		70,943,900		4,012,741

JAPAN — 9.8%
Consumer Discretionary — 4.4%
Panasonic		19,244,649		235,020,160

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X Lithium & Battery Tech ETF

	Shares		Value
COMMON STOCK — continued
Industrials — 0.6%
GS Yuasa		1,465,638	$	31,799,942

Information Technology — 4.8%
TDK		7,160,464		259,352,916

TOTAL JAPAN				526,173,018
NETHERLANDS — 0.3%
Materials — 0.3%
AMG Advanced Metallurgical Group		555,408		16,415,683

NORWAY — 0.4%
Industrials — 0.4%
FREYR Battery ^*		2,079,414		21,064,464

SOUTH KOREA — 10.9%
Information Technology — 6.4%
Iljin Materials		366,266		31,500,349
L&F		421,260		66,367,692
Power Logics ^{* (A)}		31,837		215,235
Samsung SDI		393,516		247,178,763
				345,262,039

Materials — 4.5%
LG Chemical		335,134		239,760,407

TOTAL SOUTH KOREA				585,022,446
TAIWAN — 0.6%
Information Technology — 0.6%
Simplo Technology		3,118,280		33,528,084

UNITED STATES — 22.0%
Consumer Discretionary — 7.6%
QuantumScape, Cl A ^*		3,373,393		97,625,993
Tesla ^*		281,148		313,198,872
				410,824,865
Industrials — 1.7%
EnerSys		815,591		65,279,904

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X Lithium & Battery Tech ETF

	Shares/Face Amount		Value
COMMON STOCK — continued
Industrials — continued
Microvast Holdings ^*		2,884,362	$	24,401,702
				89,681,606

Materials — 12.7%
Albemarle		2,292,413		574,180,684
Livent ^*		3,145,085		88,754,299
Piedmont Lithium		28,543,689		18,437,691
				681,372,674

TOTAL UNITED STATES				1,181,879,145
TOTAL COMMON STOCK
(Cost $3,579,426,404)				5,390,884,635

SHORT-TERM INVESTMENT — 1.1%^(B)(C)
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010%
(Cost $61,359,577)		61,359,577		61,359,577

REPURCHASE AGREEMENT — 0.9%^(B)
BNP Paribas
0.030%, dated 10/29/21, to be repurchased on 11/01/21, repurchase price $49,400,471 (collateralized by various U.S. Treasury Obligations, ranging in par value $1,986,743 - $6,625,405, 0.750% - 1.250%, 01/31/28 -03/31/28, with a total market value of $50,482,953)
(Cost $49,400,348)	$	49,400,348		49,400,348
TOTAL INVESTMENTS — 102.3%
(Cost $3,690,186,329)			$	5,501,644,560

Percentages are based on Net Assets of $5,375,398,735.

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X Lithium & Battery Tech ETF

*	Non-income producing security.
(A)	This security or a partial position of this security is on loan at October 31, 2021. The total value of securities on loan at October 31, 2021 was $105,092,823.
(B)	Security was purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2021 was $110,759,925.
(C)	The rate reported on the Schedule of Investments is the 7-day effective yield as of October 31, 2021.

ADR — American Depositary Receipt

Cl — Class

The following is a summary of the level of inputs used as of October 31, 2021, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	5,390,884,635	$	—	$	—	$	5,390,884,635
Short-Term Investment		61,359,577		—		—		61,359,577
Repurchase Agreement		—		49,400,348		—		49,400,348
Total Investments in Securities	$	5,452,244,212	$	49,400,348	$	—	$	5,501,644,560

For the year ended October 31, 2021, there have been no transfers in or out of Level 3.

Amounts designated as “—“ are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X E-commerce ETF

Sector Weightings (Unaudited)†:

	Shares		Value
COMMON STOCK — 99.8%
ARGENTINA — 4.4%
Consumer Discretionary — 4.4%
MercadoLibre ^*		5,818	$	8,616,574

AUSTRALIA — 0.4%
Consumer Discretionary — 0.4%
Temple & Webster Group ^*		85,823		816,730

CANADA — 4.4%
Information Technology — 4.4%
Shopify, Cl A ^*		5,996		8,794,513

CHINA — 23.5%
Communication Services — 3.9%
NetEase ADR		77,625		7,575,424

Consumer Discretionary — 19.2%
Alibaba Group Holding ADR ^*		41,418		6,831,485
Baozun ADR ^*		71,365		1,234,614
JD.com ADR ^*		116,128		9,090,500
Pinduoduo ADR ^*		80,412		7,150,235
Trip.com Group ADR ^*		273,980		7,824,869

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X E-commerce ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Uxin ADR ^(A)		349,520	$	838,848
Vipshop Holdings ADR ^*		451,336		5,036,910
				38,007,461

Financials — 0.4%
LexinFintech Holdings ADR ^*		155,334		829,483

TOTAL CHINA				46,412,368
GERMANY — 0.9%
Consumer Discretionary — 0.9%
Jumia Technologies ADR ^{* (A)}		107,866		1,884,419

JAPAN — 4.0%
Consumer Discretionary — 4.0%
Rakuten Group		722,377		7,919,064

SOUTH KOREA — 0.3%
Information Technology — 0.3%
Cafe24 ^*		23,849		587,781

UNITED KINGDOM — 5.7%
Consumer Discretionary — 1.4%
ASOS ^*		81,229		2,763,566

Consumer Staples — 4.3%
Ocado Group ^*		341,892		8,449,704

TOTAL UNITED KINGDOM				11,213,270
UNITED STATES — 56.2%
Communication Services — 2.4%
Angi, Cl A ^*		85,883		1,076,114
TripAdvisor ^*		111,706		3,682,947
				4,759,061

Consumer Discretionary — 41.0%
1847 Goedeker ^{* (A)}		208,342		652,110
Amazon.com ^*		2,375		8,009,521
Booking Holdings ^*		4,032		9,760,585

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X E-commerce ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
eBay		128,803	$	9,881,766
Etsy ^*		47,914		12,011,561
Expedia Group ^*		54,426		8,948,179
Groupon, Cl A ^*		27,328		579,900
Lands’ End ^*		16,517		434,067
Overstock.com ^*		49,774		4,739,978
Overstock.com, Ser A1		366		30,286
PetMed Express ^(A)		22,832		649,114
Qurate Retail, Cl A		405,174		4,230,017
Shutterstock		27,124		3,286,073
Wayfair, Cl A ^*		31,241		7,782,133
Williams-Sonoma		54,489		10,120,242
				81,115,532

Financials — 1.8%
eHealth ^*		28,800		1,277,280
LendingTree ^*		13,410		2,164,240
				3,441,520

Industrials — 4.4%
CoStar Group ^*		102,039		8,780,456

Information Technology — 6.6%
BigCommerce Holdings ^*		45,097		2,083,932
GoDaddy, Cl A ^*		103,409		7,152,801
LivePerson ^*		75,046		3,865,619
				13,102,352

TOTAL UNITED STATES				111,198,921
TOTAL COMMON STOCK
(Cost $210,023,292)				197,443,640

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X E-commerce ETF

	Shares/Face Amount		Value
SHORT-TERM INVESTMENT — 0.9%^(B)(C)
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010%
(Cost $1,720,547)		1,720,547	$	1,720,547

REPURCHASE AGREEMENT — 0.7%^(B)
BNP Paribas
0.030%, dated 10/29/21, to be repurchased on 11/01/21, repurchase price $1,384,985 (collateralized by various U.S. Treasury Obligations, ranging in par value $55,700 - $185,749, 0.750% - 1.250%, 01/31/28 -03/31/28, with a total market value of $1,415,333)
(Cost $1,384,981)	$	1,384,981		1,384,981
TOTAL INVESTMENTS — 101.4%
(Cost $213,128,820)			$	200,549,168

Percentages are based on Net Assets of $197,751,192.

*	Non-income producing security.
(A)	This security or a partial position of this security is on loan at October 31, 2021. The total value of securities on loan at October 31, 2021 was $2,959,284.
(B)	Security was purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2021 was $3,105,528.
(C)	The rate reported on the Schedule of Investments is the 7-day effective yield as of October 31, 2021.

ADR — American Depositary Receipt

Cl — Class

Ser — Series

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X E-commerce ETF

The following is a summary of the level of inputs used as of October 31, 2021, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	197,443,640	$	—	$	—	$	197,443,640
Short-Term Investment		1,720,547		—		—		1,720,547
Repurchase Agreement		—		1,384,981		—		1,384,981
Total Investments in Securities	$	199,164,187	$	1,384,981	$	—	$	200,549,168

For the year ended October 31, 2021, there have been no transfers in or out of Level 3.

Amounts designated as “—“ are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X Emerging Markets Internet & E-commerce ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments.

	Shares		Value
COMMON STOCK — 100.0%
ARGENTINA — 3.5%
Consumer Discretionary — 3.5%
MercadoLibre ^*		106	$	156,988


BRAZIL — 5.6%
Consumer Discretionary — 1.9%
Afya, Cl A ^*		525		9,161
Americanas		3,983		20,986
Magazine Luiza		23,491		45,048
Via S ^*		9,475		10,337
				85,532


Financials — 1.0%
XP, Cl A ^*		1,395		45,770


Information Technology — 2.7%
Pagseguro Digital, Cl A ^*		1,645		59,549
StoneCo, Cl A ^*		1,405		47,574
TOTVS		3,163		18,382
				125,505


TOTAL BRAZIL				256,807
CHILE — 0.5%
Consumer Discretionary — 0.5%
Falabella		8,440		23,402

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X Emerging Markets Internet & E-commerce ETF

	Shares		Value
COMMON STOCK — continued
CHINA — 71.0%
Communication Services — 27.9%
Autohome ADR		807	$	31,756
Baidu ADR ^*		1,255		203,611
Bilibili ADR ^*		2,311		169,396
China Literature ^*		3,140		21,858
Hello Group ADR		1,462		18,202
HUYA ADR ^*		1,373		11,286
iQIYI ADR ^*		5,149		42,634
Kingsoft		7,250		31,175
NetEase ADR		2,022		197,327
Tencent Holdings		6,410		396,348
Tencent Music Entertainment Group ADR ^*		10,949		86,059
Weibo ADR ^*		1,378		61,982
				1,271,634


Consumer Discretionary — 39.3%
Alibaba Group Holding ADR ^*		2,361		389,424
Baozun ADR ^*		501		8,667
JD.com ADR ^*		5,019		392,887
Meituan, Cl B ^*		12,270		425,244
New Oriental Education & Technology Group ADR ^*		11,986		24,571
Pinduoduo ADR ^*		3,942		350,523
Tongcheng-Elong Holdings ^*		8,650		19,371
Trip.com Group ADR ^*		4,247		121,294
Vipshop Holdings ADR ^*		4,963		55,387
				1,787,368


Health Care — 1.2%
Alibaba Health Information Technology ^*		30,400		38,415
Ping An Healthcare and Technology ^*		3,630		17,662
				56,077


Information Technology — 2.6%
Kingdee International Software Group		16,050		53,025

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X Emerging Markets Internet & E-commerce ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Travelsky Technology, Cl H		21,450	$	40,148
Weimob ^*		15,150		23,487
				116,660


TOTAL CHINA				3,231,739
RUSSIA — 6.1%
Communication Services — 4.6%
Yandex, Cl A ^*		2,548		211,076


Consumer Discretionary — 1.5%
Ozon Holdings ADR ^*		1,496		67,320


TOTAL RUSSIA				278,396
SOUTH AFRICA — 4.6%
Communication Services — 0.3%
MultiChoice Group		1,860		14,864


Consumer Discretionary — 4.3%
Naspers, Cl N		1,149		195,794


TOTAL SOUTH AFRICA				210,658
SOUTH KOREA — 8.7%
Communication Services — 8.7%
Kakao		1,473		158,197
NAVER		520		181,114
NCSoft		110		59,022


TOTAL SOUTH KOREA				398,333
TOTAL COMMON STOCK
(Cost $6,018,517)				4,556,323
TOTAL INVESTMENTS — 100.0%
(Cost $6,018,517)			$	4,556,323

Percentages are based on Net Assets of $4,555,204.

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X Emerging Markets Internet & E-commerce ETF

*	Non-income producing security.

ADR — American Depositary Receipt

Cl — Class

As of October 31, 2021, all of the Fund’s investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

For the year ended October 31, 2021, there have been no transfers in or out of Level 3.

Amounts designated as “—“ are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X SuperDividend^® ETF

Sector Weightings (Unaudited)†:

	Shares		Value
COMMON STOCK — 97.7%
AUSTRALIA — 3.6%
Financials — 1.8%
IOOF Holdings		3,324,660	$	10,188,385
Platinum Asset Management		3,064,019		6,996,213
				17,184,598

Industrials — 1.0%
Aurizon Holdings		3,586,912		9,079,221

Materials — 0.8%
Fortescue Metals Group		704,030		7,366,145

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X SuperDividend^® ETF

	Shares		Value
COMMON STOCK — continued
TOTAL AUSTRALIA			$	33,629,964
BRAZIL — 1.8%
Consumer Discretionary — 0.5%
Cyrela Brazil Realty Empreendimentos e Participacoes		1,914,612		4,785,681

Utilities — 1.3%
Transmissora Alianca de Energia Eletrica		1,922,736		12,504,435

TOTAL BRAZIL				17,290,116
CHINA — 24.3%
Communication Services — 1.2%
CITIC Telecom International Holdings		31,074,800		11,025,311

Consumer Discretionary — 0.9%
China Dongxiang Group		81,391,700		8,579,607

Energy — 2.1%
China Shenhua Energy, Cl H		4,937,300		10,637,436
Yanzhou Coal Mining, Cl H ^(A)		5,819,900		8,633,657
				19,271,093

Financials — 0.6%
China Everbright Bank, Cl H		16,682,000		5,875,869

Industrials — 2.2%
Lonking Holdings		33,806,800		9,908,601
Sinopec Engineering Group, Cl H		20,956,700		11,045,368
				20,953,969

Materials — 2.5%
Asia Cement China Holdings		10,118,500		7,713,372
China Sanjiang Fine Chemicals		26,032,900		7,830,903
Shougang Fushan Resources Group		28,145,000		7,417,005
				22,961,280

Real Estate — 13.1%
Agile Group Holdings		9,260,100		7,285,184

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X SuperDividend^® ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Central China Real Estate ^(A)		26,689,000	$	4,014,132
China Aoyuan Group ^(A)		14,156,700		5,586,938
China Jinmao Holdings Group		26,431,000		7,746,792
China SCE Group Holdings		23,837,000		7,446,142
Gemdale Properties & Investment		77,445,200		7,566,265
Guangzhou R&F Properties, Cl H ^(A)		9,076,700		5,694,049
KWG Group Holdings		8,253,500		7,214,737
Logan Group		7,313,800		7,342,899
Midea Real Estate Holding ^(A)		4,669,100		8,054,881
Powerlong Real Estate Holdings		13,293,600		9,159,691
Ronshine China Holdings ^(A)		17,955,300		7,270,707
Shenzhen Investment ^(A)		29,245,700		7,180,734
Shimao Group Holdings		2,976,000		4,682,608
Times China Holdings		9,152,880		6,247,780
Yuexiu Property		9,123,660		8,045,752
Yuzhou Group Holdings ^(A)		29,959,520		3,273,612
Zhongliang Holdings Group ^(A)		16,591,100		7,656,725
				121,469,628

Utilities — 1.7%
China Power International Development ^(A)		31,570,900		15,868,547

TOTAL CHINA				226,005,304
EGYPT — 0.9%
Consumer Staples — 0.9%
Eastern SAE		10,874,533		8,029,572

HONG KONG — 2.5%
Communication Services — 1.7%
HKBN		5,090,700		6,112,204
PCCW		19,634,200		10,121,177
				16,233,381

Consumer Discretionary — 0.8%
Pacific Textiles Holdings		14,152,600		7,058,971

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X SuperDividend^® ETF

	Shares		Value
COMMON STOCK — continued
TOTAL HONG KONG			$	23,292,352
INDONESIA — 1.0%
Real Estate — 1.0%
Puradelta Lestari		590,517,437		9,336,574

ISRAEL — 1.4%
Consumer Discretionary — 1.4%
Electra Consumer Products 1970		271,901		12,764,537

KAZAKHSTAN — 1.4%
Financials — 1.4%
Halyk Savings Bank of Kazakhstan JSC GDR		714,841		12,867,138

NETHERLANDS — 0.9%
Financials — 0.9%
Flow Traders		260,210		8,841,093

NIGERIA — 1.2%
Financials — 1.2%
Zenith Bank		176,982,843		10,800,766

NORWAY — 2.2%
Energy — 2.2%
Ocean Yield		2,313,246		11,211,695
SFL		1,176,864		9,308,994

TOTAL NORWAY				20,520,689
PORTUGAL — 1.5%
Communication Services — 1.5%
NOS SGPS		3,519,940		13,743,783

RUSSIA — 9.9%
Communication Services — 1.1%
Mobile TeleSystems PJSC ADR		1,117,098		10,266,131

Consumer Staples — 2.7%
Magnit PJSC GDR		738,055		13,668,779
X5 Retail Group GDR		343,291		11,680,686

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X SuperDividend^® ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
			$	25,349,465

Industrials — 1.3%
Globaltrans Investment GDR		1,351,994		11,911,067

Information Technology — 1.0%
QIWI ADR ^(A)		1,067,709		9,342,454

Materials — 3.8%
Evraz		1,406,456		11,983,785
Magnitogorsk Iron & Steel Works PJSC		5,788,858		5,398,406
PhosAgro PJSC GDR		475,812		11,381,423
Severstal PJSC		276,886		6,286,013
				35,049,627

TOTAL RUSSIA				91,918,744
SINGAPORE — 2.3%
Energy — 1.2%
BW LPG		2,084,725		11,089,880

Real Estate — 1.1%
Sasseur Real Estate Investment Trust ^‡		16,457,160		10,373,442

TOTAL SINGAPORE				21,463,322
SOUTH AFRICA — 3.4%
Financials — 1.2%
Coronation Fund Managers		3,271,767		10,893,693

Real Estate — 2.2%
Equites Property Fund ^{‡ (A)}		7,562,918		10,145,256
Resilient ^{‡ (A)}		2,923,676		10,771,438
				20,916,694

TOTAL SOUTH AFRICA				31,810,387
SPAIN — 1.1%
Energy — 1.1%
Repsol		790,249		10,110,856

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X SuperDividend^® ETF

	Shares		Value
COMMON STOCK — continued
TAIWAN — 1.2%
Real Estate — 1.2%
Farglory Land Development		4,495,000	$	10,862,290

THAILAND — 3.1%
Communication Services — 1.1%
Total Access Communication NVDR		9,123,534		10,516,844

Financials — 1.0%
Tisco Financial Group NVDR		3,195,101		8,882,636

Real Estate — 1.0%
Land & Houses NVDR		36,900,087		9,396,692

TOTAL THAILAND				28,796,172
UNITED KINGDOM — 4.4%
Consumer Staples — 2.3%
British American Tobacco		296,658		10,355,155
Imperial Brands		538,685		11,386,129
				21,741,284

Financials — 2.1%
Abrdn		2,556,038		8,899,341
M&G		3,793,160		10,388,516
				19,287,857

TOTAL UNITED KINGDOM				41,029,141
UNITED STATES — 29.6%
Communication Services — 0.9%
Lumen Technologies		685,522		8,130,291

Consumer Staples — 1.0%
Altria Group		212,852		9,388,902

Energy — 4.6%
Antero Midstream		1,006,124		10,705,159
Diversified Energy		6,412,958		10,144,276
Plains GP Holdings, Cl A		919,133		10,018,550

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X SuperDividend^® ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Williams		415,859	$	11,681,479
				42,549,464

Financials — 17.8%
AGNC Investment ^‡		633,663		10,087,915
Annaly Capital Management ^‡		1,202,455		10,172,769
Apollo Commercial Real Estate Finance ^‡		715,219		10,828,416
Arbor Realty Trust ^‡		590,327		11,871,476
ARMOUR Residential ^‡		832,241		8,755,175
Blackstone Mortgage Trust, Cl A ^‡		337,413		11,100,888
Chimera Investment ^‡		764,069		11,927,117
Ellington Financial ^‡		542,536		9,863,304
Invesco Mortgage Capital ^{‡ (A)}		2,356,354		7,398,952
KKR Real Estate Finance Trust ^‡		509,343		11,057,836
Ladder Capital, Cl A ^‡		862,329		10,347,948
PennyMac Mortgage Investment Trust ^‡		486,372		9,800,396
Ready Capital ^‡		715,709		11,072,018
Starwood Property Trust ^‡		439,144		11,184,998
TPG RE Finance Trust ^‡		889,811		11,629,830
Two Harbors Investment ^‡		1,366,850		8,775,177
				165,874,215

Real Estate — 5.3%
American Finance Trust ^‡		1,081,335		8,953,454
Gladstone Commercial ^‡		510,507		11,159,683
Global Net Lease ^‡		572,077		9,164,673
Iron Mountain ^‡		258,839		11,813,412
Office Properties Income Trust ^‡		334,947		8,581,342
				49,672,564

TOTAL UNITED STATES				275,615,436
TOTAL COMMON STOCK
(Cost $913,869,498)				908,728,236

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X SuperDividend^® ETF

	Shares/Face Amount		Value
PREFERRED STOCK — 2.0%
BRAZIL— 2.0%
Utilities — 2.0%
Cia de Transmissao de Energia Eletrica Paulista ^(B)		2,248,326	$	9,700,069
Cia Energetica de Sao Paulo ^(B)		1,992,428		9,013,112
TOTAL BRAZIL				18,713,181
TOTAL PREFERRED STOCK
(Cost $18,835,721)				18,713,181

SHORT-TERM INVESTMENT — 2.2%^(C)(D⁾
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010%
(Cost $20,552,237)		20,552,237		20,552,237

REPURCHASE AGREEMENT — 1.8%^(C⁾
BNP Paribas
0.030%, dated 10/29/21, to be repurchased on 11/01/21, repurchase price $16,543,886 (collateralized by U.S. Treasury Obligations, ranging in par value $665,347 - $2,218,804, 0.750% - 1.250%, 01/31/28 - 03/31/28, with a total market value of $16,906,404)
(Cost $16,543,844)	$	16,543,844		16,543,844
TOTAL INVESTMENTS — 103.7%
(Cost $969,801,300)			$	964,537,498

Percentages are based on Net Assets of $930,431,472.

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X SuperDividend^® ETF

‡	Real Estate Investment Trust
(A)	This security or a partial position of this security is on loan at October 31, 2021. The total value of securities on loan at October 31, 2021 was $32,747,398.
(B)	There is currently no stated interest rate.
(C)	Security was purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2021 was $37,096,081.
(D)	The rate reported on the Schedule of Investments is the 7-day effective yield as of October 31, 2021.

ADR — American Depositary Receipt

Cl — Class

GDR — Global Depositary Receipt

NVDR — Non-Voting Depositary Receipt

PJSC — Public Joint Stock Company

The following is a summary of the level of inputs used as of October 31, 2021, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	887,934,127	$	20,794,109	$	—	$	908,728,236
Preferred Stock		18,713,181		—		—		18,713,181
Short-Term Investment		20,552,237		—		—		20,552,237
Repurchase Agreement		—		16,543,844		—		16,543,844
Total Investments in Securities	$	927,199,545	$	37,337,953	$	—	$	964,537,498

For the year ended October 31, 2021, there have been no transfers in or out of Level 3.

Amounts designated as “—“ are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X SuperDividend^® U.S. ETF

Sector Weightings (Unaudited)†:

	Shares		Value
COMMON STOCK — 83.1%
UNITED STATES — 83.1%
Communication Services — 5.5%
AT&T		413,531	$	10,445,793
Cogent Communications Holdings		201,543		15,436,178
Verizon Communications		212,106		11,239,497
				37,121,468

Consumer Discretionary — 1.4%
PetMed Express ^(A)		337,246		9,587,904

Consumer Staples — 22.6%
Altria Group		277,070		12,221,558
B&G Foods		391,253		11,518,488
Bunge		161,693		14,979,239
Flowers Foods		547,142		13,541,764
General Mills		208,295		12,872,631

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X SuperDividend^® U.S. ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Kellogg		203,052	$	12,447,088
Kraft Heinz		310,256		11,135,088
Philip Morris International		140,027		13,238,153
SpartanNash		662,706		15,335,017
Universal		234,454		11,019,338
Vector Group		872,754		11,572,718
Walgreens Boots Alliance		247,096		11,618,454
				151,499,536


Energy — 2.7%
Equitrans Midstream		1,719,477		17,727,808


Financials — 11.7%
AGNC Investment ^‡		750,721		11,951,478
Compass Diversified Holdings		519,475		15,506,329
KKR Real Estate Finance Trust ^‡		658,011		14,285,419
New York Community Bancorp		1,082,177		13,451,460
TFS Financial		636,821		12,392,537
Virtu Financial, Cl A		430,232		10,704,172
				78,291,395


Health Care — 6.0%
AbbVie		113,990		13,071,233
Gilead Sciences		185,280		12,020,967
Pfizer		349,800		15,300,252
				40,392,452


Industrials — 7.0%
3M		71,298		12,739,526
Ennis		621,439		11,770,055
MSC Industrial Direct, Cl A		141,958		11,934,409
National Presto Industries		128,667		10,698,661
				47,142,651


Real Estate — 13.7%
Alexander’s ^‡		45,865		12,786,245
CoreSite Realty ^‡		99,980		14,243,151

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X SuperDividend^® U.S. ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
CubeSmart ^‡		335,990	$	18,482,810
Easterly Government Properties, Cl A ^‡		559,354		11,763,215
Iron Mountain ^‡		372,540		17,002,725
Public Storage ^‡		51,479		17,100,294
				91,378,440


Utilities — 12.5%
Avangrid		266,560		14,047,712
Clearway Energy, Cl C		386,296		13,705,782
Consolidated Edison		172,621		13,015,623
Duke Energy		134,983		13,769,616
Hawaiian Electric Industries		346,383		14,049,295
National Fuel Gas		267,405		15,357,069
				83,945,097


TOTAL UNITED STATES				557,086,751
TOTAL COMMON STOCK
(Cost $487,800,330)				557,086,751

MASTER LIMITED PARTNERSHIPS — 16.5%
UNITED KINGDOM— 2.0%
Energy — 2.0%
KNOT Offshore Partners ^(B)		729,513		13,313,612
UNITED STATES— 14.5%
Energy — 10.9%
BP Midstream Partners ^(B)		1,003,938		13,352,375
CrossAmerica Partners ^(B)		662,686		14,817,659
Enviva Partners ^(B)		234,011		15,669,377
Holly Energy Partners ^(B)		786,938		14,495,398
MPLX ^(B)		494,976		14,908,677
				73,243,486
Industrials — 1.6%
Icahn Enterprises ^(B)		184,973		10,654,445

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X SuperDividend^® U.S. ETF

	Shares/Face Amount		Value
MASTER LIMITED PARTNERSHIPS — continued
Materials — 2.0%
Westlake Chemical Partners ^(B)		517,202	$	13,302,435
TOTAL UNITED STATES				97,200,366
TOTAL MASTER LIMITED PARTNERSHIPS
(Cost $82,941,526)				110,513,978

SHORT-TERM INVESTMENT — 0.6%^(C)(D)
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010%
(Cost $3,889,811)		3,889,811		3,889,811

REPURCHASE AGREEMENT — 0.5%^(C)
BNP Paribas
0.030%, dated 10/29/21, to be repurchased on 11/01/21, repurchase price $3,131,172 (collateralized by various U.S. Treasury Obligations, ranging in par value $125,927 - $419,941, 0.750% - 1.250%, 01/31/28 -03/31/28, with a total market value of $3,199,784)
(Cost $3,131,165)	$	3,131,165		3,131,165
TOTAL INVESTMENTS — 100.7%
(Cost $577,762,832)			$	674,621,705

Percentages are based on Net Assets of $669,734,316.

‡	Real Estate Investment Trust
(A)	This security or a partial position of this security is on loan at October 31, 2021. The total value of securities on loan at October 31, 2021 was $6,887,281.
(B)	Security considered Master Limited Partnership. At October 31, 2021, these securities amounted to $110,513,978 or 16.5% of Net Assets.
(C)	Security was purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2021 was $7,020,976.
(D)	The rate reported on the Schedule of Investments is the 7-day effective yield as of October 31, 2021.

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X SuperDividend^® U.S. ETF

Cl — Class

The following is a summary of the level of inputs used as of October 31, 2021, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	557,086,751	$	—	$	—	$	557,086,751
Master Limited Partnerships		110,513,978		—		—		110,513,978
Short-Term Investment		3,889,811		—		—		3,889,811
Repurchase Agreement		—		3,131,165		—		3,131,165
Total Investments in Securities	$	671,490,540	$	3,131,165	$	—	$	674,621,705

For the year ended October 31, 2021, there have been no transfers in or out of Level 3.

Amounts designated as “—“ are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

Schedule of Investments		October 31, 2021
	Global X MSCI SuperDividend^® EAFE ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments.

	Shares		Value
COMMON STOCK — 99.8%
AUSTRALIA — 8.5%
Industrials — 2.0%
Aurizon Holdings		109,685	$	277,636

Materials — 4.3%
Fortescue Metals Group		17,175		179,699
Rio Tinto Ltd.		3,149		213,555
Rio Tinto PLC		3,479		217,482
				610,736

Real Estate — 2.2%
Vicinity Centres ^‡		241,137		312,429

TOTAL AUSTRALIA				1,200,801
AUSTRIA — 2.3%
Energy — 2.3%
OMV		5,319		322,543

BELGIUM — 1.7%
Consumer Discretionary — 1.7%
Ageas		4,825		235,074

The accompanying notes are an integral part of the financial statements.

100

Schedule of Investments		October 31, 2021
	Global X MSCI SuperDividend^® EAFE ETF

	Shares		Value
COMMON STOCK — continued
FINLAND — 2.4%
Utilities — 2.4%
Fortum		11,163	$	332,001

FRANCE — 11.2%
Communication Services — 1.9%
Orange		23,929		261,272

Financials — 7.2%
AXA		9,691		282,166
CNP Assurances		16,776		420,506
SCOR		9,053		304,868
				1,007,540

Industrials — 2.1%
Credit Agricole		19,769		298,324

TOTAL FRANCE				1,567,136
GERMANY — 3.7%
Communication Services — 1.8%
Telefonica Deutschland Holding		96,921		252,700

Materials — 1.9%
BASF		3,671		264,581

TOTAL GERMANY				517,281
HONG KONG — 8.7%
Communication Services — 2.2%
HKT Trust & HKT		229,020		310,893

Real Estate — 2.1%
Henderson Land Development		68,900		288,742

Utilities — 4.4%
CK Infrastructure Holdings		50,900		306,877
Power Assets Holdings		51,206		312,342
				619,219

The accompanying notes are an integral part of the financial statements.

101

Schedule of Investments		October 31, 2021
	Global X MSCI SuperDividend^® EAFE ETF

	Shares		Value
COMMON STOCK — continued
TOTAL HONG KONG			$	1,218,854
ITALY — 8.1%
Communication Services — 1.5%
Telecom Italia		534,206		203,081

Financials — 4.5%
Assicurazioni Generali		14,390		313,905
Poste Italiane		22,491		321,181

				635,086

Utilities — 2.1%
Snam		52,718		298,755


TOTAL ITALY				1,136,922
JAPAN — 10.4%
Communication Services — 2.3%
SoftBank		23,553		321,097

Consumer Staples — 2.2%
Japan Tobacco		15,460		303,099

Financials — 3.9%
Japan Post Holdings		36,325		278,749
Nomura Holdings		57,098		275,412
				554,161

Real Estate — 2.0%
Japan Metropolitan Fund Invest ^‡		311		285,021

TOTAL JAPAN				1,463,378
NETHERLANDS — 2.2%
Financials — 2.2%
NN Group		5,842		313,153

NEW ZEALAND — 2.2%
Communication Services — 2.2%
Spark New Zealand		95,715		312,696

The accompanying notes are an integral part of the financial statements.

102

Schedule of Investments		October 31, 2021
	Global X MSCI SuperDividend^® EAFE ETF

	Shares		Value
COMMON STOCK — continued
NORWAY — 1.9%
Communication Services — 1.9%
Telenor		17,235	$	271,688

PORTUGAL — 2.2%
Utilities — 2.2%
Energias de Portugal		55,793		315,342

SPAIN — 7.8%
Communication Services — 1.7%
Telefonica		54,595		237,841

Utilities — 6.1%
Enagas		13,338		299,523
Endesa		10,968		253,156
Naturgy Energy Group		11,641		306,207
				858,886

TOTAL SPAIN				1,096,727
SWEDEN — 4.4%
Communication Services — 1.8%
Tele2, Cl B		18,308		258,254

Energy — 2.6%
Lundin Energy		9,106		359,638

TOTAL SWEDEN				617,892
SWITZERLAND — 2.3%
Financials — 2.3%
Zurich Insurance Group		730		324,276

UNITED KINGDOM — 17.6%
Communication Services — 1.6%
Vodafone Group		154,060		228,156

Consumer Discretionary — 1.9%
Persimmon		6,968		259,892

The accompanying notes are an integral part of the financial statements.

103

Schedule of Investments		October 31, 2021
	Global X MSCI SuperDividend^® EAFE ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — 1.9%
British American Tobacco		7,753	$	270,626

Financials — 10.1%
Aviva		53,696		290,513
Direct Line Insurance Group		74,557		298,829
Legal & General Group		77,941		308,653
M&G		92,316		252,830
Phoenix Group Holdings		29,928		269,362
				1,420,187
Utilities — 2.1%
National Grid		23,454		300,726

TOTAL UNITED KINGDOM				2,479,587
UNITED STATES — 2.2%
Financials — 2.2%
Swiss Re		3,162		306,736

TOTAL COMMON STOCK
(Cost $13,582,420)				14,032,087
TOTAL INVESTMENTS — 99.8%
(Cost $13,582,420)			$	14,032,087

Percentages are based on Net Assets of $14,057,701.

‡	Real Estate Investment Trust

Cl — Class

As of October 31, 2021, all of the Fund’s investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

For the year ended October 31, 2021, there have been no transfers in or out of Level 3.

The accompanying notes are an integral part of the financial statements.

104

Schedule of Investments		October 31, 2021
	Global X MSCI SuperDividend^® Emerging Markets ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments.

	Shares		Value
COMMON STOCK — 92.1%
BRAZIL— 3.0%
Consumer Discretionary — 1.7%
Vibra Energia		291,165	$	1,083,669
Materials — 1.3%
Vale		63,643		808,493
TOTAL BRAZIL				1,892,162
CHILE— 0.8%
Utilities — 0.8%
Colbun		7,522,683		520,171
CHINA— 34.3%
Energy — 4.6%
China Shenhua Energy, Cl H		615,864		1,326,882
Yanzhou Coal Mining, Cl H		1,049,700		1,557,200
Total Energy				2,884,082
Financials — 9.5%
Bank of China, Cl H		3,420,000		1,209,017
Bank of Communications, Cl H		2,116,780		1,259,882
China Cinda Asset Management, Cl H		6,601,500		1,103,213

The accompanying notes are an integral part of the financial statements.

105

Schedule of Investments		October 31, 2021
	Global X MSCI SuperDividend^® Emerging Markets ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
China Everbright Bank, Cl H		3,280,400	$	1,155,449
Haitong Securities, Cl H		1,383,300		1,232,319
Total Financials				5,959,880
Real Estate — 15.4%
Agile Group Holdings		961,700		756,597
China Aoyuan Group		1,295,700		511,348
China Fortune Land Development, Cl A		1,710,300		983,008
China Jinmao Holdings Group		4,161,800		1,219,802
Jiangsu Zhongnan Construction Group, Cl A		1,582,900		946,867
Jinke Properties Group, Cl A		1,623,228		1,125,640
KWG Group Holdings		942,900		824,229
Logan Group		902,200		905,790
Shanghai Lujiazui Finance & Trade Zone Development, Cl B		1,527,600		1,358,036
Shenzhen Investment		3,965,500		973,654
Total Real Estate				9,604,971
Utilities — 4.8%
China Power International Development		5,991,364		3,011,452
TOTAL CHINA				21,460,385
CZECH REPUBLIC— 2.5%
Utilities — 2.5%
CEZ		47,323		1,563,755
EGYPT— 2.1%
Consumer Staples — 2.1%
Eastern SAE		1,806,906		1,334,189
INDIA— 7.4%
Energy — 2.4%
Indian Oil		863,142		1,474,855
Financials — 2.3%
REC		715,718		1,420,803

The accompanying notes are an integral part of the financial statements.

106

Schedule of Investments		October 31, 2021
	Global X MSCI SuperDividend^® Emerging Markets ETF

	Shares		Value
COMMON STOCK — continued
Materials — 2.7%
Ambuja Cements		324,069	$	1,751,882
TOTAL INDIA				4,647,540
MALAYSIA— 5.5%
Financials — 2.1%
Malayan Banking		688,928		1,339,259
Health Care — 1.1%
Top Glove		1,064,252		699,050
Industrials — 2.3%
Sime Darby		2,622,145		1,437,399
TOTAL MALAYSIA				3,475,708
PAKISTAN— 1.9%
Financials — 1.9%
MCB Bank		1,250,904		1,197,654
RUSSIA— 11.7%
Consumer Staples — 2.4%
Magnit PJSC GDR		81,805		1,515,029
Materials — 9.3%
Alrosa PJSC		902,551		1,588,847
Novolipetsk Steel PJSC		376,532		1,186,777
PhosAgro PJSC GDR		74,234		1,775,677
Severstal PJSC		53,930		1,224,348
Total Materials				5,775,649
TOTAL RUSSIA				7,290,678
SOUTH AFRICA— 3.5%
Energy — 2.1%
Exxaro Resources		119,641		1,316,444
Materials — 1.4%
Kumba Iron Ore		28,158		859,931
TOTAL SOUTH AFRICA				2,176,375

The accompanying notes are an integral part of the financial statements.

107

Schedule of Investments		October 31, 2021
	Global X MSCI SuperDividend^® Emerging Markets ETF

	Shares		Value
COMMON STOCK — continued
SOUTH KOREA— 4.2%
Financials — 2.4%
Meritz Securities		370,575	$	1,477,797
Industrials — 1.8%
Hyundai Heavy Industries Holdings		21,079		1,140,039
TOTAL SOUTH KOREA				2,617,836
TAIWAN— 9.0%
Information Technology — 7.0%
Compal Electronics		1,771,200		1,557,289
Lite-On Technology		630,310		1,389,431
Wistron		1,380,500		1,449,578
Total Information Technology				4,396,298
Materials — 2.0%
Asia Cement		800,600		1,275,386
TOTAL TAIWAN				5,671,684
TURKEY— 3.7%
Consumer Staples — 1.8%
BIM Birlesik Magazalar		174,452		1,127,615
Materials — 1.9%
Eregli Demir ve Celik Fabrikalari		589,094		1,206,353
TOTAL TURKEY				2,333,968
UNITED ARAB EMIRATES— 2.5%
Real Estate — 2.5%
Aldar Properties PJSC		1,420,817		1,562,719
TOTAL COMMON STOCK
(Cost $59,953,345)				57,744,824

PREFERRED STOCK — 7.8%
BRAZIL— 5.7%
Materials — 1.5%
Bradespar, ^(A)		112,417		970,413

The accompanying notes are an integral part of the financial statements.

108

Schedule of Investments		October 31, 2021
	Global X MSCI SuperDividend^® Emerging Markets ETF

	Shares		Value
PREFERRED STOCK — continued
Utilities — 4.2%
Cia Energetica de Minas Gerais, ^(A)		586,525	$	1,340,153
Cia Paranaense de Energia, ^(A)		1,215,002		1,276,000
				2,616,153
TOTAL BRAZIL				3,586,566
RUSSIA— 2.1%
Energy — 2.1%
Surgutneftegas PJSC, ^(A)		2,412,589		1,313,199
TOTAL PREFERRED STOCK
(Cost $5,580,389)				4,899,765
TOTAL INVESTMENTS — 99.9%
(Cost $65,533,734)			$	62,644,589

Percentages are based on Net Assets of $62,696,164.

(A)	There is currently no stated interest rate.

Cl — Class

GDR — Global Depositary Receipt

PJSC — Public Joint Stock Company

The following is a summary of the level of inputs used as of October 31, 2021, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	52,513,948	$	5,230,876	$	—	$	57,744,824
Preferred Stock		4,899,765		—		—		4,899,765
Total Investments in Securities	$	57,413,713	$	5,230,876	$	—	$	62,644,589

For the year ended October 31, 2021, there have been no transfers in or out of Level 3.

Amounts designated as “—“ are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

109

Schedule of Investments		October 31, 2021
	Global X SuperDividend^® REIT ETF

Sector Weightings (Unaudited)†:

	Shares		Value
COMMON STOCK — 99.5%
AUSTRALIA — 9.4%
Real Estate — 9.4%
Charter Hall Long Wale ^‡		4,014,595	$	14,654,668
Dexus ^‡		2,105,794		17,192,673
Waypoint ^‡		6,001,224		12,305,533


TOTAL AUSTRALIA				44,152,874
CANADA — 11.4%
Real Estate — 11.4%
H&R Real Estate Investment Trust ^‡		1,375,656		18,877,745
NorthWest Healthcare Properties Real Estate Investment Trust ^{‡ (A)}		1,405,392		15,056,759
SmartCentres Real Estate Investment Trust ^‡		776,064		19,527,600


TOTAL CANADA				53,462,104
MEXICO — 2.6%
Real Estate — 2.6%
Fibra Uno Administracion ^‡		12,082,566		12,033,749


SINGAPORE — 5.8%
Real Estate — 5.8%
Ascendas Real Estate Investment Trust ^‡		6,236,911		14,291,476
CapitaLand China Trust ^‡		14,382,929		13,012,364

The accompanying notes are an integral part of the financial statements.

110

Schedule of Investments		October 31, 2021
	Global X SuperDividend^® REIT ETF

	Shares		Value
COMMON STOCK — continued
TOTAL SINGAPORE			$	27,303,840
UNITED STATES — 70.3%
Financials — 34.2%
AGNC Investment ^‡		892,018		14,200,927
Annaly Capital Management ^‡		1,703,270		14,409,664
Apollo Commercial Real Estate Finance ^‡		232,617		3,521,822
Arbor Realty Trust ^‡		954,019		19,185,322
ARMOUR Residential ^‡		1,242,700		13,073,204
Broadmark Realty Capital ^‡		1,347,941		13,910,751
Chimera Investment ^‡		1,341,566		20,941,845
Dynex Capital ^‡		793,958		13,894,265
Invesco Mortgage Capital ^‡		1,116,708		3,506,463
Orchid Island Capital, Cl A ^‡		2,683,078		13,308,067
PennyMac Mortgage Investment Trust ^‡		783,746		15,792,482
Two Harbors Investment ^‡		2,255,934		14,483,096
				160,227,908


Real Estate — 36.1%
Gaming and Leisure Properties ^‡		330,168		16,009,846
Global Net Lease ^‡		830,944		13,311,723
Industrial Logistics Properties Trust ^‡		640,530		17,992,488
Iron Mountain ^‡		446,172		20,363,290
LTC Properties ^‡		355,141		11,314,792
Medical Properties Trust ^‡		659,167		14,060,032
MGM Growth Properties, Cl A ^‡		438,302		17,260,333
National Health Investors ^‡		211,061		11,350,861
Physicians Realty Trust ^‡		791,016		15,037,214
VEREIT ^‡		309,030		15,544,209
WP Carey ^‡		212,784		16,407,774
				168,652,562

The accompanying notes are an integral part of the financial statements.

111

Schedule of Investments		October 31, 2021
	Global X SuperDividend^® REIT ETF

	Shares/Face Amount		Value
COMMON STOCK — continued
TOTAL UNITED STATES			$	328,880,470
TOTAL COMMON STOCK
(Cost $424,564,334)				465,833,037

SHORT-TERM INVESTMENT — 0.4%^(B)(C)
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010%
(Cost $1,669,693)		1,669,693		1,669,693

REPURCHASE AGREEMENT — 0.3%^(B)
BNP Paribas
0.030%, dated 10/29/21, to be repurchased on 11/01/21, repurchase price $1,344,049 (collateralized by U.S. Treasury Obligations, ranging in par value $54,054 - $180,259, 0.750% - 1.250%, 01/31/28 - 03/31/28, with a total market value of $1,373,502)
(Cost $1,344,045)	$	1,344,045		1,344,045
TOTAL INVESTMENTS — 100.2%
(Cost $427,578,072)			$	468,846,775

Percentages are based on Net Assets of $467,934,268.

‡	Real Estate Investment Trust
(A)	This security or a partial position of this security is on loan at October 31, 2021. The total value of securities on loan at October 31, 2021 was $2,827,310.
(B)	Security was purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2021 was $3,013,738.
(C)	The rate reported on the Schedule of Investments is the 7-day effective yield as of October 31, 2021.

Cl — Class

The accompanying notes are an integral part of the financial statements.

112

Schedule of Investments		October 31, 2021
	Global X SuperDividend^® REIT ETF

The following is a summary of the level of inputs used as of October 31, 2021, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	465,833,037	$	—	$	—	$	465,833,037
Short-Term Investment		1,669,693		—		—		1,669,693
Repurchase Agreement		—		1,344,045		—		1,344,045
Total Investments in Securities	$	467,502,730	$	1,344,045	$	—	$	468,846,775

For the year ended October 31, 2021, there have been no transfers in or out of Level 3.

Amounts designated as “—“ are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

113

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Covered Call ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments.

	Shares		Value
COMMON STOCK — 105.0%(A)
ARGENTINA — 0.5%
Consumer Discretionary — 0.5%
MercadoLibre ^*		17,858	$	26,448,055


CHINA — 1.6%
Communication Services — 0.5%
Baidu ADR ^*		89,060		14,449,094
NetEase ADR		104,052		10,154,435
				24,603,529


Consumer Discretionary — 0.7%
JD.com ADR ^*		276,930		21,678,080
Pinduoduo ADR ^*		130,394		11,594,635
Trip.com Group ADR ^*		178,332		5,093,162
				38,365,877


Information Technology — 0.4%
NXP Semiconductors		94,271		18,935,273


TOTAL CHINA				81,904,679
ISRAEL — 0.1%
Information Technology — 0.1%
Check Point Software Technologies ^*		45,682		5,463,567

The accompanying notes are an integral part of the financial statements.

114

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
NETHERLANDS — 0.5%
Information Technology — 0.5%
ASML Holding, Cl G		28,205	$	22,927,281


UNITED STATES — 102.3%
Communication Services — 19.0%
Activision Blizzard		267,800		20,939,282
Alphabet, Cl A ^*		69,770		206,583,388
Alphabet, Cl C ^*		74,092		219,713,158
Charter Communications, Cl A ^*		64,899		43,799,686
Comcast, Cl A		1,624,253		83,535,332
Electronic Arts		97,625		13,691,906
Fox, Cl A		109,201		4,339,648
Fox, Cl B		84,811		3,134,615
Match Group ^*		101,734		15,339,452
Meta Platforms, Cl A ^*		553,151		178,983,069
Netflix ^*		156,778		108,225,421
Sirius XM Holdings		1,397,866		8,513,004
T-Mobile US ^*		433,126		49,822,484
				956,620,445


Consumer Discretionary — 17.8%
Amazon.com ^*		117,118		394,972,257
Booking Holdings ^*		15,204		36,805,539
Dollar Tree ^*		80,301		8,653,236
eBay		233,069		17,881,054
Lululemon Athletica ^*		43,276		20,167,049
Marriott International, Cl A ^*		111,959		17,915,679
O’Reilly Automotive ^*		23,766		14,790,057
Peloton Interactive, Cl A ^*		91,625		8,378,190
Ross Stores		123,950		14,031,140
Starbucks		409,436		43,428,876
Tesla ^*		287,378		320,139,092
				897,162,169

The accompanying notes are an integral part of the financial statements.

115

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — 4.9%
Costco Wholesale		157,056	$	77,199,306
Keurig Dr Pepper		488,661		17,635,776
Kraft Heinz		421,016		15,110,264
Mondelez International, Cl A		485,656		29,498,745
Monster Beverage ^*		181,521		15,429,285
PepsiCo		490,643		79,287,909
Walgreens Boots Alliance		299,045		14,061,096
				248,222,381


Health Care — 6.4%
Align Technology ^*		26,635		16,630,095
Amgen		198,863		41,158,675
Biogen ^*		50,870		13,566,012
Cerner		103,868		7,716,354
Dexcom ^*		34,730		21,644,083
Gilead Sciences		434,659		28,200,676
IDEXX Laboratories ^*		30,908		20,589,055
Illumina ^*		54,397		22,578,019
Incyte ^*		74,078		4,961,744
Intuitive Surgical ^*		124,176		44,843,679
Moderna ^*		144,014		49,715,073
Regeneron Pharmaceuticals ^*		37,175		23,789,770
Seagen ^*		62,698		11,055,538
Vertex Pharmaceuticals ^*		89,086		16,474,674
				322,923,447


Industrials — 2.9%
Cintas		37,177		16,101,359
Copart ^*		82,202		12,765,148
CSX		785,750		28,420,577
Fastenal		196,765		11,231,346
Honeywell International		240,848		52,654,190
PACCAR		118,393		10,610,381

The accompanying notes are an integral part of the financial statements.

116

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Verisk Analytics, Cl A		57,004	$	11,986,231
				143,769,232


Information Technology — 50.4%
Adobe ^*		166,806		108,483,950
Advanced Micro Devices ^*		420,518		50,558,879
Analog Devices		189,159		32,817,195
ANSYS ^*		32,538		12,350,774
Apple		3,825,072		572,995,786
Applied Materials		315,536		43,117,994
Atlassian, Cl A ^*		49,993		22,903,293
Autodesk ^*		75,207		23,886,495
Automatic Data Processing		148,047		33,235,071
Broadcom		143,164		76,116,004
Cadence Design Systems ^*		94,895		16,427,274
CDW		47,538		8,872,968
Cisco Systems		1,495,084		83,679,852
Cognizant Technology Solutions, Cl A		180,889		14,125,622
Crowdstrike Holdings, Cl A ^*		68,353		19,261,875
DocuSign, Cl A ^*		66,980		18,639,864
Fiserv ^*		229,589		22,612,221
Intel		1,422,697		69,712,153
Intuit		97,261		60,884,413
KLA		51,764		19,295,549
Lam Research		48,651		27,418,244
Marvell Technology		283,023		19,387,076
Microchip Technology		187,334		13,879,576
Micron Technology		388,883		26,871,815
Microsoft		1,739,203		576,754,499
NVIDIA		882,569		225,646,416
Okta, Cl A ^*		51,090		12,628,426
Paychex		125,046		15,415,671
PayPal Holdings ^*		416,053		96,769,767
QUALCOMM		391,551		52,091,945

The accompanying notes are an integral part of the financial statements.

117

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Covered Call ETF

	Shares/Number of Contracts			Value
COMMON STOCK — continued
Information Technology — continued
Skyworks Solutions		57,840		$	9,666,799
Splunk ^*		57,377			9,456,877
Synopsys ^*		51,520			17,165,434
Texas Instruments		321,069			60,194,016
VeriSign ^*		39,258			8,741,579
Workday, Cl A ^*		65,289			18,932,504
Xilinx		85,027			15,304,860
Zoom Video Communications, Cl A ^*		82,435			22,640,773
					2,538,943,509


Utilities — 0.9%
American Electric Power		172,631			14,623,572
Exelon		336,529			17,899,977
Xcel Energy		186,352			12,036,476
					44,560,025


TOTAL UNITED STATES					5,152,201,208
TOTAL COMMON STOCK
(Cost $3,921,536,273)					5,288,944,790
TOTAL INVESTMENTS — 105.0%
(Cost $3,921,536,273)				$	5,288,944,790


WRITTEN OPTION— (5.1)%⁽¹⁾
UNITED STATES— (5.1)%
(Premiums Received ($89,664,262))		(3,336	)	$	(259,040,400	)

Percentages are based on Net Assets of $5,036,214,747.

The accompanying notes are an integral part of the financial statements.

118

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Covered Call ETF

A list of the exchange traded option contracts held by the Fund at October 31, 2021, is as follows:

Description	Number of Contracts			Cost+			Exercise Price		Expiration Date	Value
WRITTEN OPTION — (5.1)%
Call Options
NDX*		(3,336	)	$	(89,664,262	)	$	15,125.00	11/19/21	$	(259,040,400	)

*	Non-income producing security.
+	Notional amount for all options totals $(5,287,717,326).
(1)	Refer to table below for details on Options Contracts.
(A)	All or a portion of these securities has been segregated as collateral for writtenoptions contracts. The aggregate market value of collateral at October 31, 2021 was$5,288,944,790.

ADR — American Depositary Receipt

Cl — Class

NDX — Nasdaq 100 Index

The following is a summary of the level of inputs used as of October 31, 2021, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	5,288,944,790	$	—	$	—	$	5,288,944,790
Total Investments in Securities	$	5,288,944,790	$	—	$	—	$	5,288,944,790

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Option	$	(259,040,400	)	$	—	$	—	$	(259,040,400	)
Total Liabilities	$	(259,040,400	)	$	—	$	—	$	(259,040,400	)

For the year ended October 31, 2021, there have been no transfers in or out of Level 3.

Amounts designated as “—“ are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

119

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments.

	Shares		Value
COMMON STOCK — 103.3%(A)
CHINA — 0.2%
Information Technology — 0.2%
NXP Semiconductors		4,642	$	932,392

UNITED KINGDOM — 0.4%
Materials — 0.4%
Linde		9,100		2,904,720

UNITED STATES — 102.7%
Communication Services — 11.2%
Activision Blizzard		13,620		1,064,948
Alphabet, Cl A ^*		5,317		15,743,212
Alphabet, Cl C ^*		5,028		14,910,082
AT&T		124,928		3,155,681
Charter Communications, Cl A ^*		2,272		1,533,350
Comcast, Cl A		80,482		4,139,189
Discovery, Cl A ^*		3,028		70,976
Discovery, Cl C ^*		5,232		118,034
DISH Network, Cl A ^*		4,623		189,867

The accompanying notes are an integral part of the financial statements.

120

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Electronic Arts		5,107	$	716,257
Fox, Cl A		6,019		239,195
Fox, Cl B		3,013		111,361
Interpublic Group		6,327		231,378
Live Nation Entertainment ^*		2,702		273,307
Lumen Technologies		18,001		213,492
Match Group ^*		4,760		717,713
Meta Platforms, Cl A ^*		42,122		13,629,416
Netflix ^*		7,830		5,405,127
News, Cl A		7,539		172,643
News, Cl B		2,781		62,739
Omnicom Group		4,030		274,362
Take-Two Interactive Software ^*		2,126		384,806
T-Mobile US ^*		10,170		1,169,855
Twitter ^*		14,222		761,446
Verizon Communications		72,523		3,842,994
ViacomCBS, Cl B		10,985		397,877
Walt Disney		31,863		5,387,077
				74,916,384


Consumer Discretionary — 13.3%
Advance Auto Parts		1,321		297,912
Amazon.com ^*		7,739		26,099,236
Aptiv ^*		5,141		888,828
AutoZone ^*		353		630,049
Bath & Body Works		4,574		316,018
Best Buy		4,087		499,595
Booking Holdings ^*		818		1,980,198
BorgWarner		4,007		180,596
Caesars Entertainment ^*		3,883		425,033
CarMax ^*		2,823		386,525
Carnival ^*		14,538		322,162
Chipotle Mexican Grill, Cl A ^*		464		825,470
Darden Restaurants		2,591		373,467

The accompanying notes are an integral part of the financial statements.

121

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Dollar General		4,219	$	934,593
Dollar Tree ^*		3,863		416,277
Domino’s Pizza		585		286,047
DR Horton		5,737		512,142
eBay		11,500		882,280
Etsy ^*		2,168		543,496
Expedia Group ^*		2,630		432,398
Ford Motor		70,629		1,206,343
Gap		4,378		99,337
Garmin		2,792		400,931
General Motors ^*		24,955		1,358,301
Genuine Parts		2,756		361,339
Hanesbrands		7,304		124,460
Hasbro		2,712		259,701
Hilton Worldwide Holdings ^*		5,032		724,356
Home Depot		18,629		6,925,144
Las Vegas Sands ^*		6,366		247,064
Leggett & Platt		2,850		133,523
Lennar, Cl A		4,995		499,150
LKQ		5,345		294,403
Lowe’s		12,423		2,904,746
Marriott International, Cl A ^*		4,988		798,180
McDonald’s		13,141		3,226,773
MGM Resorts International		7,602		358,510
Mohawk Industries ^*		1,228		217,614
Newell Brands		7,491		171,469
NIKE, Cl B		22,327		3,735,084
Norwegian Cruise Line Holdings ^*		6,233		160,313
NVR ^*		43		210,476
O’Reilly Automotive ^*		1,264		786,612
Penn National Gaming ^*		2,635		188,666
Pool		900		463,644
PulteGroup		4,901		235,640

The accompanying notes are an integral part of the financial statements.

122

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
PVH		1,240	$	135,569
Ralph Lauren, Cl A		982		124,881
Ross Stores		6,393		723,688
Royal Caribbean Cruises ^*		3,958		334,174
Starbucks		21,103		2,238,395
Tapestry		5,138		200,279
Target		8,911		2,313,474
Tesla ^*		14,350		15,985,900
TJX		21,307		1,395,395
Tractor Supply		2,036		442,158
Ulta Beauty ^*		970		356,339
Under Armour, Cl A ^*		4,184		91,881
Under Armour, Cl C ^*		4,221		79,692
VF		5,477		399,164
Whirlpool		1,158		244,141
Wynn Resorts ^*		1,573		141,255
Yum! Brands		5,372		671,178
				89,201,664

Consumer Staples — 5.8%
Altria Group		33,150		1,462,246
Archer-Daniels-Midland		10,238		657,689
Brown-Forman, Cl B		3,172		215,347
Campbell Soup		3,905		156,005
Church & Dwight		4,210		367,786
Clorox		2,327		379,324
Coca-Cola		68,170		3,842,743
Colgate-Palmolive		14,901		1,135,307
Conagra Brands		8,597		276,823
Constellation Brands, Cl A		2,794		605,767
Costco Wholesale		7,788		3,828,114
Estee Lauder, Cl A		4,086		1,325,212
General Mills		10,857		670,963
Hershey		2,751		482,388

The accompanying notes are an integral part of the financial statements.

123

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Hormel Foods		5,477	$	231,787
J M Smucker		1,903		233,803
Kellogg		4,627		283,635
Kimberly-Clark		5,769		747,028
Kraft Heinz		12,392		444,749
Kroger		11,222		449,104
Lamb Weston Holdings		2,746		155,012
McCormick		4,413		354,055
Molson Coors Beverage, Cl B		4,179		184,252
Mondelez International, Cl A		25,079		1,523,298
Monster Beverage ^*		6,826		580,210
PepsiCo		23,975		3,874,360
Philip Morris International		27,290		2,579,997
Procter & Gamble		43,059		6,157,006
Sysco		9,331		717,554
Tyson Foods, Cl A		5,005		400,250
Walgreens Boots Alliance		12,732		598,659
Walmart		25,039		3,741,327
				38,661,800

Energy — 2.9%
APA		6,419		168,242
Baker Hughes, Cl A		13,858		347,559
Chevron		33,943		3,886,134
ConocoPhillips		23,045		1,716,622
Coterra Energy		13,485		287,500
Devon Energy		10,141		406,451
Diamondback Energy		3,153		337,970
EOG Resources		10,695		988,860
Exxon Mobil		74,231		4,785,673
Halliburton		16,955		423,705
Hess		4,971		410,455
Kinder Morgan		35,390		592,783
Marathon Oil		16,041		261,789

The accompanying notes are an integral part of the financial statements.

124

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Marathon Petroleum		11,123	$	733,339
Occidental Petroleum		15,286		512,540
ONEOK		8,347		531,036
Phillips 66		7,945		594,127
Pioneer Natural Resources		3,837		717,442
Schlumberger		26,187		844,793
Valero Energy		7,076		547,187
Williams		21,763		611,323
				19,705,530


Financials — 11.8%
Aflac		11,328		607,974
Allstate		5,447		673,630
American Express		11,279		1,960,065
American International Group		15,346		906,795
Ameriprise Financial		2,107		636,588
Aon, Cl A		4,089		1,308,153
Arthur J Gallagher		3,723		624,235
Assurant		1,219		196,637
Bank of America		130,056		6,214,076
Bank of New York Mellon		14,082		833,654
Berkshire Hathaway, Cl B ^*		32,733		9,394,698
BlackRock, Cl A		2,552		2,407,710
Brown & Brown		3,529		222,715
Capital One Financial		7,911		1,194,798
Cboe Global Markets		1,656		218,493
Charles Schwab		26,617		2,183,393
Chubb		7,888		1,541,157
Cincinnati Financial		2,810		341,246
Citigroup		36,357		2,514,450
Citizens Financial Group		7,917		375,107
CME Group, Cl A		6,252		1,378,879
Comerica		2,550		216,980
Discover Financial Services		5,538		627,566

The accompanying notes are an integral part of the financial statements.

125

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Everest Re Group		765	$	200,048
Fifth Third Bancorp		12,942		563,365
First Republic Bank		2,691		582,144
Franklin Resources		5,756		181,256
Globe Life		1,460		129,969
Goldman Sachs Group		5,895		2,436,698
Hartford Financial Services Group		6,569		479,077
Huntington Bancshares		26,156		411,695
Intercontinental Exchange		9,818		1,359,400
Invesco		5,888		149,614
JPMorgan Chase		52,681		8,949,975
KeyCorp		18,501		430,518
Lincoln National		2,831		204,257
Loews		3,050		171,014
M&T Bank		2,599		382,365
MarketAxess Holdings		841		343,691
Marsh & McLennan		9,259		1,544,401
MetLife		13,009		816,965
Moody’s		2,877		1,162,740
Morgan Stanley		25,388		2,609,379
MSCI, Cl A		1,419		943,465
Nasdaq		2,015		422,888
Northern Trust		4,033		496,220
People’s United Financial		8,374		143,530
PNC Financial Services Group		7,455		1,573,229
Principal Financial Group		4,243		284,663
Progressive		10,618		1,007,436
Prudential Financial		6,850		753,843
Raymond James Financial		3,763		370,994
Regions Financial		18,067		427,827
S&P Global		4,168		1,976,299
State Street		6,283		619,190
SVB Financial Group ^*		1,048		751,835

The accompanying notes are an integral part of the financial statements.

126

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Synchrony Financial		10,074	$	467,937
T Rowe Price Group		4,162		902,655
Travelers		4,318		694,680
Truist Financial		23,069		1,464,189
US Bancorp		23,136		1,396,720
W R Berkley		2,568		204,413
Wells Fargo		73,110		3,740,308
Willis Towers Watson		2,508		607,638
Zions Bancorp		3,121		196,592
				79,134,121


Health Care — 13.4%
Abbott Laboratories		31,301		4,034,386
AbbVie		30,865		3,539,290
ABIOMED ^*		865		287,215
Agilent Technologies		5,409		851,863
Align Technology ^*		1,331		831,036
AmerisourceBergen, Cl A		2,742		334,579
Amgen		10,299		2,131,584
Anthem		4,194		1,824,935
Baxter International		8,970		708,271
Becton Dickinson		5,209		1,248,024
Biogen ^*		2,709		722,436
Bio-Rad Laboratories, Cl A ^*		272		216,153
Bio-Techne		751		393,261
Boston Scientific ^*		24,524		1,057,720
Bristol-Myers Squibb		38,854		2,269,074
Cardinal Health		5,569		266,254
Catalent ^*		2,787		384,216
Centene ^*		10,953		780,292
Cerner		5,558		412,904
Charles River Laboratories International ^*		1,015		455,410
Cigna		6,235		1,331,858
Cooper		941		392,322

The accompanying notes are an integral part of the financial statements.

127

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
CVS Health		23,569	$	2,104,240
Danaher		11,175		3,484,030
DaVita ^*		1,452		149,904
DENTSPLY SIRONA		4,128		236,163
Dexcom ^*		1,586		988,411
Edwards Lifesciences ^*		11,151		1,336,113
Eli Lilly		14,137		3,601,542
Gilead Sciences		22,301		1,446,889
HCA Healthcare		4,168		1,043,917
Henry Schein ^*		2,869		219,048
Hologic ^*		4,784		350,715
Humana		2,340		1,083,794
IDEXX Laboratories ^*		1,429		951,914
Illumina ^*		2,665		1,106,135
Incyte ^*		3,463		231,952
Intuitive Surgical ^*		6,441		2,326,038
IQVIA Holdings ^*		3,365		879,678
Johnson & Johnson		46,415		7,560,075
Laboratory Corp of America Holdings ^*		1,540		442,011
McKesson		2,759		573,541
Medtronic		23,526		2,819,826
Merck		44,456		3,914,351
Mettler-Toledo International ^*		377		558,292
Moderna ^*		6,208		2,143,064
Organon		4,340		159,495
PerkinElmer		1,938		342,813
Pfizer		98,248		4,297,368
Quest Diagnostics		2,405		353,006
Regeneron Pharmaceuticals ^*		1,715		1,097,497
ResMed		2,590		680,937
STERIS		1,421		332,145
Stryker		5,706		1,518,195
Teleflex		910		324,815

The accompanying notes are an integral part of the financial statements.

128

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Thermo Fisher Scientific		6,883	$	4,357,421
UnitedHealth Group		16,699		7,689,389
Universal Health Services, Cl B		1,485		184,289
Vertex Pharmaceuticals ^*		4,087		755,809
Viatris, Cl W ^*		23,142		308,946
Waters ^*		1,057		388,500
West Pharmaceutical Services		1,367		587,646
Zimmer Biomet Holdings		3,768		539,276
Zoetis, Cl A		8,281		1,790,352
				89,732,625


Industrials — 8.2%
3M		10,474		1,871,494
Alaska Air Group ^*		2,447		129,202
Allegion		1,454		186,548
American Airlines Group ^*		11,725		225,120
AMETEK		4,174		552,638
AO Smith		2,587		189,032
Boeing ^*		9,754		2,019,371
Carrier Global		15,402		804,446
Caterpillar		9,311		1,899,537
CH Robinson Worldwide		2,703		262,164
Cintas		1,445		625,829
Copart ^*		3,949		613,240
CSX		38,553		1,394,462
Cummins		2,416		579,453
Deere		4,977		1,703,677
Delta Air Lines ^*��		11,297		442,052
Dover		2,700		456,516
Eaton		6,941		1,143,599
Emerson Electric		10,447		1,013,463
Equifax		2,171		602,301
Expeditors International of Washington		2,828		348,579
Fastenal		10,538		601,509

The accompanying notes are an integral part of the financial statements.

129

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
FedEx		4,208	$	991,110
Fortive		6,431		486,891
Fortune Brands Home & Security		2,637		267,392
Generac Holdings ^*		1,079		537,946
General Dynamics		3,924		795,591
General Electric		19,616		2,057,130
Honeywell International		11,967		2,616,226
Howmet Aerospace		7,159		212,551
Huntington Ingalls Industries		720		145,966
IDEX		1,368		304,476
IHS Markit		6,755		883,014
Illinois Tool Works		4,975		1,133,653
Ingersoll Rand		7,103		381,857
Jacobs Engineering Group		2,608		366,215
JB Hunt Transport Services		1,405		277,052
Johnson Controls International		12,825		940,970
Kansas City Southern		1,484		460,411
L3Harris Technologies		3,562		821,183
Leidos Holdings		2,647		264,647
Lockheed Martin		4,188		1,391,756
Masco		4,694		307,692
Nielsen Holdings		7,236		146,529
Norfolk Southern		4,270		1,251,323
Northrop Grumman		2,679		956,992
Old Dominion Freight Line		1,490		508,612
Otis Worldwide		7,241		581,525
PACCAR		6,591		590,685
Parker-Hannifin		2,278		675,632
Pentair		3,067		226,866
Quanta Services		2,589		313,994
Raytheon Technologies F		26,935		2,393,444
Republic Services, Cl A		3,792		510,403
Robert Half International		2,083		235,525

The accompanying notes are an integral part of the financial statements.

130

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Rockwell Automation		2,142	$	684,155
Rollins		4,340		152,898
Roper Technologies		1,701		829,867
Snap-On		1,060		215,424
Southwest Airlines ^*		10,257		484,951
Stanley Black & Decker		2,803		503,783
Textron		4,032		297,763
Trane Technologies		4,225		764,429
TransDigm Group ^*		943		588,262
Union Pacific		11,443		2,762,340
United Airlines Holdings ^*		5,355		247,080
United Parcel Service, Cl B		12,806		2,733,697
United Rentals ^*		1,341		508,387
Verisk Analytics, Cl A		2,818		592,541
Waste Management		6,598		1,057,198
Westinghouse Air Brake Technologies		3,356		304,490
WW Grainger		935		433,008
Xylem		3,139		409,922
				55,269,686


Information Technology — 28.7%
Accenture, Cl A		11,162		4,004,814
Adobe ^*		8,294		5,394,086
Advanced Micro Devices ^*		21,542		2,589,995
Akamai Technologies ^*		2,827		298,135
Amphenol, Cl A		10,346		794,262
Analog Devices		9,449		1,639,307
ANSYS ^*		1,445		548,493
Apple		278,353		41,697,279
Applied Materials		16,335		2,232,178
Arista Networks ^*		985		403,545
Autodesk ^*		3,917		1,244,078
Automatic Data Processing		7,402		1,661,675
Broadcom		7,082		3,765,287

The accompanying notes are an integral part of the financial statements.

131

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Broadridge Financial Solutions		2,225	$	396,962
Cadence Design Systems ^*		4,768		825,388
CDW		2,300		429,295
Ceridian HCM Holding ^*		2,130		266,782
Cisco Systems		73,800		4,130,586
Citrix Systems		1,987		188,229
Cognizant Technology Solutions, Cl A		9,620		751,226
Corning		14,123		502,355
DXC Technology ^*		4,911		159,951
Enphase Energy ^*		2,605		603,396
F5 Networks ^*		1,129		238,388
Fidelity National Information Services		10,516		1,164,542
Fiserv ^*		10,655		1,049,411
FleetCor Technologies ^*		1,366		337,962
Fortinet ^*		2,520		847,577
Gartner ^*		1,476		489,899
Global Payments		5,446		778,724
Hewlett Packard Enterprise		23,726		347,586
HP		22,205		673,478
Intel		70,891		3,473,659
International Business Machines		15,551		1,945,430
Intuit		4,953		3,100,528
IPG Photonics ^*		235		37,367
Jack Henry & Associates		1,379		229,576
Juniper Networks		6,392		188,692
Keysight Technologies ^*		3,150		567,063
KLA		2,683		1,000,115
Lam Research		2,600		1,465,282
Mastercard, Cl A		15,598		5,233,441
Microchip Technology		9,879		731,935
Micron Technology		19,908		1,375,643
Microsoft		133,204		44,173,110
Monolithic Power Systems		869		456,625

The accompanying notes are an integral part of the financial statements.

132

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Motorola Solutions		2,773	$	689,340
NetApp		4,205		375,507
NortonLifeLock		11,210		285,295
NVIDIA		43,842		11,209,084
Oracle		28,768		2,760,002
Paychex		5,370		662,014
Paycom Software ^*		929		508,953
PayPal Holdings ^*		20,886		4,857,875
PTC ^*		1,342		170,904
Qorvo ^*		1,939		326,198
QUALCOMM		19,648		2,613,970
salesforce.com ^*		17,141		5,136,986
Seagate Technology Holdings		3,566		317,624
ServiceNow ^*		3,623		2,527,984
Skyworks Solutions		2,705		452,087
Synopsys ^*		2,704		900,919
TE Connectivity		5,683		829,718
Teledyne Technologies ^*		922		414,181
Teradyne		2,797		386,657
Texas Instruments		16,409		3,076,359
Trimble ^*		4,304		376,040
Tyler Technologies ^*		873		474,231
VeriSign ^*		1,574		350,483
Visa, Cl A		29,892		6,330,229
Western Digital ^*		5,620		293,870
Western Union		7,691		140,130
Xilinx		4,271		768,780
Zebra Technologies, Cl A ^*		1,057		564,385
				192,233,142


Materials — 2.2%
Air Products & Chemicals		4,067		1,219,327
Albemarle		2,234		559,550
Amcor		28,827		347,942

The accompanying notes are an integral part of the financial statements.

133

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
Avery Dennison		1,442	$	313,952
Ball		5,811		531,590
Celanese, Cl A		1,789		288,941
CF Industries Holdings		3,932		223,338
Corteva		13,572		585,632
Dow		13,733		768,636
DuPont de Nemours		9,720		676,512
Eastman Chemical		2,634		274,015
Ecolab		4,261		946,879
FMC		2,642		240,448
Freeport-McMoRan		25,776		972,271
International Flavors & Fragrances		4,299		633,888
International Paper		7,148		355,041
LyondellBasell Industries, Cl A		4,790		444,608
Martin Marietta Materials		1,056		414,839
Mosaic		5,936		246,760
Newmont		14,529		784,566
Nucor		5,483		612,177
Packaging Corp of America		1,462		200,835
PPG Industries		4,224		678,248
Sealed Air		2,918		173,096
Sherwin-Williams		4,159		1,316,781
Vulcan Materials		2,432		462,372
Westrock		5,134		246,945
				14,519,189


Real Estate — 2.7%
Alexandria Real Estate Equities ^‡		2,544		519,332
American Tower, Cl A ^‡		8,117		2,288,751
AvalonBay Communities ^‡		2,520		596,434
Boston Properties ^‡		2,647		300,805
CBRE Group, Cl A ^*		6,067		631,453
Crown Castle International ^‡		7,738		1,395,161
Digital Realty Trust ^‡		5,075		800,886

The accompanying notes are an integral part of the financial statements.

134

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Duke Realty ^‡		6,968	$	391,880
Equinix ^‡		1,504		1,258,953
Equity Residential ^‡		6,158		532,051
Essex Property Trust ^‡		1,134		385,481
Extra Space Storage ^‡		2,445		482,570
Federal Realty Investment Trust ^‡		1,456		175,230
Healthpeak Properties ^‡		9,403		333,901
Host Hotels & Resorts ^{‡ *}		13,103		220,524
Iron Mountain ^‡		5,789		264,210
Kimco Realty ^‡		9,517		215,084
Mid-America Apartment Communities ^‡		2,022		412,913
ProLogis ^‡		13,118		1,901,585
Public Storage ^‡		2,695		895,225
Realty Income ^‡		6,891		492,224
Regency Centers ^‡		3,013		212,145
SBA Communications, Cl A ^‡		1,738		600,184
Simon Property Group ^‡		5,869		860,278
UDR ^‡		4,393		243,943
Ventas ^‡		6,839		364,997
Vornado Realty Trust ^‡		2,852		121,581
Welltower ^‡		7,511		603,884
Weyerhaeuser ^‡		13,782		492,293
				17,993,958

Utilities — 2.5%
AES		12,164		305,681
Alliant Energy		4,271		241,611
Ameren		4,300		362,447
American Electric Power		8,927		756,206
American Water Works		3,140		546,925
Atmos Energy		2,579		237,578
CenterPoint Energy		10,523		274,019
CMS Energy		5,528		333,615
Consolidated Edison		6,564		494,926

The accompanying notes are an integral part of the financial statements.

135

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call ETF

	Shares/Number of Contracts			Value
COMMON STOCK — continued
Utilities — continued
Dominion Energy		14,358		$	1,090,203
DTE Energy		3,654			414,181
Duke Energy		13,027			1,328,884
Edison International		7,028			442,272
Entergy		3,667			377,774
Evergy		4,217			268,834
Eversource Energy		6,227			528,672
Exelon		17,261			918,113
FirstEnergy		10,265			395,510
NextEra Energy		34,938			2,981,260
NiSource		7,314			180,436
NRG Energy		4,191			167,179
Pinnacle West Capital		2,162			139,427
PPL		14,292			411,610
Public Service Enterprise Group		9,334			595,509
Sempra Energy		5,324			679,502
Southern		19,009			1,184,641
WEC Energy Group		5,473			492,898
Xcel Energy		9,660			623,939
					16,773,852

TOTAL UNITED STATES					688,141,951
TOTAL COMMON STOCK
(Cost $602,844,830)					691,979,063
TOTAL INVESTMENTS — 103.3%
(Cost $602,844,830)				$	691,979,063


WRITTEN OPTION— (3.5)%⁽¹⁾
UNITED STATES— (3.5)%
(Premiums Received ($9,674,024))		(1,502	)		(23,153,330	)

Percentages are based on Net Assets of $669,854,868.

The accompanying notes are an integral part of the financial statements.

136

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call ETF

A list of the exchange traded option contracts held by the Fund at October 31, 2021, is as follows:

Description	Number of Contracts			Cost+			Exercise Price		Expiration Date	Value
WRITTEN OPTION — (3.5)%
Call Options
S&P 500 Index*		(1,502	)	$	(9,674,024	)	$	4,470.00	11/19/21	$	(23,153,330	)

*	Non-income producing security.
‡	Real Estate Investment Trust
+	Notional amount for all options totals $(691,728,076).
(1)	Refer to table below for details on Options Contracts.
(A)	All or a portion of these securities has been segregated as collateral for writtenoptions contracts. The aggregate market value of collateral at October 31, 2021 was$691,979,063.

Cl — Class

S&P — Standard & Poor’s

The following is a summary of the level of inputs used as of October 31, 2021, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	691,979,063	$	—	$	—	$	691,979,063
Total Investments in Securities	$	691,979,063	$	—	$	—	$	691,979,063

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Option	$	(23,153,330	)	$	—	$	—	$	(23,153,330	)
Total Liabilities	$	(23,153,330	)	$	—	$	—	$	(23,153,330	)

For the year ended October 31, 2021, there have been no transfers in or out of Level 3.

Amounts designated as “—“ are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

137

Schedule of Investments		October 31, 2021
	Global X Russell 2000 Covered Call ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments.

	Shares/Number of Contracts			Value
EXCHANGE TRADED FUND — 101.6%‡(A)
Vanguard Russell 2000 ETF		6,111,954		$	563,461,039
TOTAL INVESTMENTS — 101.6%
(Cost $536,883,182)				$	563,461,039

WRITTEN OPTION— (1.7)%⁽¹⁾
UNITED STATES— (1.7)%
(Premiums Received ($10,800,917))		(2,450	)		(9,653,000	)

Percentages are based on Net Assets of $554,445,800.

A list of the exchange traded option contracts held by the Fund at October 31, 2021, is as follows:

Description	Number of Contracts			Cost+			Exercise Price		Expiration Date	Value
WRITTEN OPTION — (1.7)%
Call Options
Russell 2000 Index*		(2,450	)	$	(10,800,917	)	$	2,300.00	11/19/21	$	(9,653,000	)

+	Notional amount for all options totals $(562,811,775).
‡	For financial information on the Vanguard Russell 2000 ETF, please go to the Securities Exchange Commission’s website at http://www.sec.gov.
(1)	Refer to table below for details on Options Contracts.
(A)	All or a portion of these securities has been segregated as collateral for writtenoptions contracts. The aggregate market value of collateral at October 31, 2021 was$563,461,039.

ETF — Exchange Traded Fund

The accompanying notes are an integral part of the financial statements.

138

Schedule of Investments		October 31, 2021
	Global X Russell 2000 Covered Call ETF

The following is a summary of the level of inputs used as of October 31, 2021, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Exchange Traded Fund	$	563,461,039	$	—	$	—	$	563,461,039
Total Investments in Securities	$	563,461,039	$	—	$	—	$	563,461,039

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Option	$	(9,653,000	)	$	—	$	—	$	(9,653,000	)
Total Liabilities	$	(9,653,000	)	$	—	$	—	$	(9,653,000	)

For the year ended October 31, 2021, there have been no transfers in or out of Level 3.

Amounts designated as “—“ are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

139

Schedule of Investments		October 31, 2021
	Global X Nasdaq 100^® Covered Call & Growth ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments.

	Shares		Value
COMMON STOCK — 102.3%(A)
ARGENTINA — 0.5%
Consumer Discretionary — 0.5%
MercadoLibre ^*		147	$	217,710


CHINA — 1.6%
Communication Services — 0.5%
Baidu ADR ^*		784		127,196
NetEase ADR		910		88,807
				216,003


Consumer Discretionary — 0.7%
JD.com ADR ^*		2,425		189,829
Pinduoduo ADR ^*		1,125		100,035
Trip.com Group ADR ^*		1,574		44,953
				334,817


Information Technology — 0.4%
NXP Semiconductors		825		165,710


TOTAL CHINA				716,530
ISRAEL — 0.1%
Information Technology — 0.1%
Check Point Software Technologies ^*		402		48,079

The accompanying notes are an integral part of the financial statements.

140

Schedule of Investments		October 31, 2021
	Global X Nasdaq 100^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
NETHERLANDS — 0.4%
Information Technology — 0.4%
ASML Holding, Cl G		246	$	199,968


UNITED STATES — 99.7%
Communication Services — 18.4%
Activision Blizzard		2,329		182,104
Alphabet, Cl A ^*		601		1,779,513
Alphabet, Cl C ^*		646		1,915,655
Charter Communications, Cl A ^*		558		376,589
Comcast, Cl A		13,853		712,460
Electronic Arts		842		118,090
Fox, Cl A		961		38,190
Fox, Cl B		755		27,905
Match Group ^*		811		122,283
Meta Platforms, Cl A ^*		4,750		1,536,957
Netflix ^*		1,341		925,706
Sirius XM Holdings		12,370		75,333
T-Mobile US ^*		3,765		433,088
				8,243,873


Consumer Discretionary — 17.3%
Amazon.com ^*		1,011		3,409,527
Booking Holdings ^*		126		305,018
Dollar Tree ^*		679		73,169
eBay		2,043		156,739
Lululemon Athletica ^*		380		177,084
Marriott International, Cl A ^*		968		154,899
O’Reilly Automotive ^*		222		138,155
Peloton Interactive, Cl A ^*		805		73,609
Ross Stores		1,072		121,351
Starbucks		3,544		375,912
Tesla ^*		2,482		2,764,948
				7,750,411

The accompanying notes are an integral part of the financial statements.

141

Schedule of Investments		October 31, 2021
	Global X Nasdaq 100^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — 4.8%
Costco Wholesale		1,339	$	658,172
Keurig Dr Pepper		4,272		154,176
Kraft Heinz		3,667		131,609
Mondelez International, Cl A		4,221		256,383
Monster Beverage ^*		1,595		135,575
PepsiCo		4,173		674,357
Walgreens Boots Alliance		2,589		121,735
				2,132,007


Health Care — 6.3%
Align Technology ^*		245		152,971
Amgen		1,737		359,507
Biogen ^*		442		117,873
Cerner		882		65,524
Dexcom ^*		283		176,368
Gilead Sciences		3,778		245,117
IDEXX Laboratories ^*		259		172,530
Illumina ^*		495		205,455
Incyte ^*		658		44,073
Intuitive Surgical ^*		1,101		397,604
Moderna ^*		1,212		418,394
Regeneron Pharmaceuticals ^*		325		207,980
Seagen ^*		542		95,571
Vertex Pharmaceuticals ^*		784		144,985
				2,803,952


Industrials — 2.8%
Cintas		306		132,529
Copart ^*		702		109,014
CSX		6,847		247,656
Fastenal		1,746		99,662
Honeywell International		2,081		454,948
PACCAR		1,047		93,832

The accompanying notes are an integral part of the financial statements.

142

Schedule of Investments		October 31, 2021
	Global X Nasdaq 100^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Verisk Analytics, Cl A		497	$	104,504
				1,242,145


Information Technology — 49.2%
Adobe ^*		1,452		944,323
Advanced Micro Devices ^*		3,660		440,042
Analog Devices		1,647		285,738
ANSYS ^*		263		99,829
Apple		33,074		4,954,485
Applied Materials		2,744		374,968
Atlassian, Cl A ^*		406		186,001
Autodesk ^*		665		211,211
Automatic Data Processing		1,268		284,653
Broadcom		1,255		667,246
Cadence Design Systems ^*		828		143,335
CDW		420		78,393
Cisco Systems		12,741		713,114
Cognizant Technology Solutions, Cl A		1,566		122,289
Crowdstrike Holdings, Cl A ^*		586		165,135
DocuSign, Cl A ^*		576		160,295
Fiserv ^*		2,011		198,063
Intel		12,417		608,433
Intuit		821		513,938
KLA		475		177,061
Lam Research		423		238,390
Marvell Technology		2,432		166,592
Microchip Technology		1,638		121,359
Micron Technology		3,377		233,351
Microsoft		15,037		4,986,570
NVIDIA		7,587		1,939,768
Okta, Cl A ^*		443		109,501
Paychex		1,088		134,129
PayPal Holdings ^*		3,588		834,533
QUALCOMM		3,397		451,937

The accompanying notes are an integral part of the financial statements.

143

Schedule of Investments		October 31, 2021
	Global X Nasdaq 100^® Covered Call & Growth ETF

	Shares/ Number of Contracs			Value
COMMON STOCK — continued
Information Technology — continued
Skyworks Solutions		504		$	84,233
Splunk ^*		486			80,102
Synopsys ^*		447			148,931
Texas Instruments		2,797			524,382
VeriSign ^*		345			76,821
Workday, Cl A ^*		562			162,969
Xilinx		752			135,360
Zoom Video Communications, Cl A ^*		746			204,889
					21,962,369


Utilities — 0.9%
American Electric Power		1,503			127,319
Exelon		2,943			156,538
Xcel Energy		1,627			105,088
					388,945


TOTAL UNITED STATES					44,523,702
TOTAL COMMON STOCK
(Cost $40,641,115)					45,705,989
TOTAL INVESTMENTS — 102.3%
(Cost $40,641,115)				$	45,705,989


WRITTEN OPTION— (2.5)%⁽¹⁾
UNITED STATES— (2.5)%
(Premiums Received ($400,793))		(72	)	$	(1,133,280	)

Percentages are based on Net Assets of $44,671,370.

The accompanying notes are an integral part of the financial statements.

144

Schedule of Investments		October 31, 2021
	Global X Nasdaq 100^® Covered Call & Growth ETF

A list of the exchange traded option contracts held by the Fund at October 31, 2021, is as follows:

Description	Number of Contracts			Cost+			Exercise Price		Expiration Date	Value
WRITTEN OPTION — (2.5)%
Call Options
NQX*		(72	)	$	(400,793	)	$	3,025.00	11/19/21	$	(1,133,280	)

*	Non-income producing security.
+	Notional amount for all options totals $(22,824,679).
(1)	Refer to table below for details on Options Contracts.
(A)	All or a portion of these securities has been segregated as collateral for written options contracts. The aggregate market value of collateral at October 31, 2021 was $45,705,989.

ADR — American Depositary Receipt

Cl — Class

NQX — Nasdaq-100 Reduced Value Index

The following is a summary of the level of inputs used as of October 31, 2021, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	45,705,989	$	—	$	—	$	45,705,989
Total Investments in Securities	$	45,705,989	$	—	$	—	$	45,705,989

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Option	$	(1,133,280	)	$	—	$	—	$	(1,133,280	)
Total Liabilities	$	(1,133,280	)	$	—	$	—	$	(1,133,280	)

For the year ended October 31, 2021, there have been no transfers in or out of Level 3.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

145

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call & Growth ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments.

	Shares		Value
COMMON STOCK — 101.5%(A)
CHINA — 0.1%
Information Technology — 0.1%
NXP Semiconductors		226	$	45,394


UNITED KINGDOM — 0.4%
Materials — 0.4%
Linde		462		147,471


UNITED STATES — 101.0%
Communication Services — 11.0%
Activision Blizzard		668		52,231
Alphabet, Cl A ^*		276		817,214
Alphabet, Cl C ^*		259		768,041
AT&T		6,497		164,114
Charter Communications, Cl A ^*		113		76,263
Comcast, Cl A		4,184		215,183
Discovery, Cl A ^*		114		2,672
Discovery, Cl C ^*		256		5,775
DISH Network, Cl A ^*		222		9,117

The accompanying notes are an integral part of the financial statements.

146

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Electronic Arts		223	$	31,276
Fox, Cl A		332		13,194
Fox, Cl B		114		4,213
Interpublic Group		336		12,287
Live Nation Entertainment ^*		111		11,228
Lumen Technologies		891		10,567
Match Group ^*		242		36,489
Meta Platforms, Cl A ^*		2,173		703,118
Netflix ^*		409		282,337
News, Cl A		336		7,694
News, Cl B		112		2,527
Omnicom Group		220		14,978
Take-Two Interactive Software ^*		110		19,910
T-Mobile US ^*		544		62,576
Twitter ^*		766		41,012
Verizon Communications		3,740		198,183
ViacomCBS, Cl B		553		20,030
Walt Disney		1,649		278,796
				3,861,025


Consumer Discretionary — 13.0%
Advance Auto Parts		67		15,110
Amazon.com ^*		398		1,342,227
Aptiv ^*		225		38,900
AutoZone ^*		21		37,482
Bath & Body Works		222		15,338
Best Buy		219		26,771
Booking Holdings ^*		40		96,831
BorgWarner		219		9,870
Caesars Entertainment ^*		214		23,424
CarMax ^*		115		15,746
Carnival ^*		749		16,598
Chipotle Mexican Grill, Cl A ^*		29		51,592
Darden Restaurants		112		16,144

The accompanying notes are an integral part of the financial statements.

147

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Dollar General		221	$	48,956
Dollar Tree ^*		220		23,707
Domino’s Pizza		26		12,713
DR Horton		324		28,924
eBay		550		42,196
Etsy ^*		109		27,325
Expedia Group ^*		112		18,414
Ford Motor		3,579		61,129
Gap		219		4,969
Garmin		115		16,514
General Motors ^*		1,310		71,303
Genuine Parts		114		14,947
Hanesbrands		332		5,657
Hasbro		113		10,821
Hilton Worldwide Holdings ^*		223		32,101
Home Depot		970		360,588
Las Vegas Sands ^*		330		12,807
Leggett & Platt		112		5,247
Lennar, Cl A		221		22,085
LKQ		226		12,448
Lowe’s		655		153,152
Marriott International, Cl A ^*		222		35,524
McDonald’s		664		163,045
MGM Resorts International		339		15,987
Mohawk Industries ^*		38		6,734
Newell Brands		335		7,668
NIKE, Cl B		1,169		195,562
Norwegian Cruise Line Holdings ^*		326		8,385
NVR ^*		3		14,684
O’Reilly Automotive ^*		71		44,185
Penn National Gaming ^*		116		8,306
Pool		28		14,425
PulteGroup		224		10,770

The accompanying notes are an integral part of the financial statements.

148

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
PVH		106	$	11,589
Ralph Lauren, Cl A		4		509
Ross Stores		329		37,243
Royal Caribbean Cruises ^*		216		18,237
Starbucks		1,096		116,253
Tapestry		226		8,809
Target		444		115,271
Tesla ^*		744		828,816
TJX		1,105		72,366
Tractor Supply		110		23,889
Ulta Beauty ^*		38		13,960
Under Armour, Cl A ^*		218		4,787
Under Armour, Cl C ^*		219		4,135
VF		330		24,050
Whirlpool		65		13,704
Wynn Resorts ^*		108		9,698
Yum! Brands		255		31,860
				4,552,487


Consumer Staples — 5.7%
Altria Group		1,659		73,179
Archer-Daniels-Midland		541		34,754
Brown-Forman, Cl B		216		14,664
Campbell Soup		218		8,709
Church & Dwight		222		19,394
Clorox		109		17,768
Coca-Cola		3,529		198,930
Colgate-Palmolive		767		58,438
Conagra Brands		445		14,329
Constellation Brands, Cl A		142		30,787
Costco Wholesale		409		201,040
Estee Lauder, Cl A		219		71,028
General Mills		550		33,990
Hershey		112		19,639

The accompanying notes are an integral part of the financial statements.

149

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Hormel Foods		226	$	9,564
J M Smucker		110		13,515
Kellogg		224		13,731
Kimberly-Clark		329		42,602
Kraft Heinz		583		20,924
Kroger		667		26,693
Lamb Weston Holdings		114		6,435
McCormick		221		17,731
Molson Coors Beverage, Cl B		218		9,612
Mondelez International, Cl A		1,305		79,266
Monster Beverage ^*		330		28,050
PepsiCo		1,244		201,031
Philip Morris International		1,432		135,381
Procter & Gamble		2,204		315,150
Sysco		441		33,913
Tyson Foods, Cl A		228		18,233
Walgreens Boots Alliance		667		31,362
Walmart		1,300		194,246
				1,994,088


Energy — 2.9%
APA		335		8,780
Baker Hughes, Cl A		682		17,105
Chevron		1,756		201,044
ConocoPhillips		1,208		89,984
Coterra Energy		1,045		22,279
Devon Energy		537		21,523
Diamondback Energy		158		16,936
EOG Resources		547		50,576
Exxon Mobil		3,859		248,790
Halliburton		789		19,717
Hess		222		18,331
Kinder Morgan		1,781		29,832
Marathon Oil		774		12,632

The accompanying notes are an integral part of the financial statements.

150

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Marathon Petroleum		560	$	36,921
Occidental Petroleum		778		26,086
ONEOK		441		28,056
Phillips 66		435		32,529
Pioneer Natural Resources		220		41,136
Schlumberger		1,313		42,357
Valero Energy		339		26,215
Williams		1,114		31,292
				1,022,121


Financials — 11.6%
Aflac		557		29,894
Allstate		232		28,691
American Express		598		103,920
American International Group		774		45,736
Ameriprise Financial		109		32,932
Aon, Cl A		220		70,382
Arthur J Gallagher		218		36,552
Assurant		39		6,291
Bank of America		6,831		326,385
Bank of New York Mellon		766		45,347
Berkshire Hathaway, Cl B ^*		1,677		481,316
BlackRock, Cl A		126		118,876
Brown & Brown		204		12,874
Capital One Financial		409		61,771
Cboe Global Markets		110		14,513
Charles Schwab		1,322		108,444
Chubb		404		78,934
Cincinnati Financial		110		13,358
Citigroup		1,874		129,606
Citizens Financial Group		433		20,516
CME Group, Cl A		329		72,561
Comerica		112		9,530
Discover Financial Services		258		29,237

The accompanying notes are an integral part of the financial statements.

151

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Everest Re Group		27	$	7,060
Fifth Third Bancorp		656		28,556
First Republic Bank		148		32,017
Franklin Resources		224		7,054
Globe Life		109		9,703
Goldman Sachs Group		310		128,138
Hartford Financial Services Group		334		24,359
Huntington Bancshares		1,284		20,210
Intercontinental Exchange		539		74,630
Invesco		335		8,512
JPMorgan Chase		2,750		467,197
KeyCorp		891		20,734
Lincoln National		126		9,091
Loews		222		12,448
M&T Bank		109		16,036
MarketAxess Holdings		26		10,625
Marsh & McLennan		444		74,059
MetLife		666		41,825
Moody’s		138		55,773
Morgan Stanley		1,331		136,800
MSCI, Cl A		81		53,855
Nasdaq		110		23,086
Northern Trust		217		26,700
People’s United Financial		440		7,542
PNC Financial Services Group		394		83,146
Principal Financial Group		224		15,028
Progressive		552		52,374
Prudential Financial		336		36,977
Raymond James Financial		156		15,380
Regions Financial		889		21,052
S&P Global		221		104,789
State Street		332		32,719
SVB Financial Group ^*		56		40,174

The accompanying notes are an integral part of the financial statements.

152

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Synchrony Financial		483	$	22,435
T Rowe Price Group		218		47,280
Travelers		222		35,715
Truist Financial		1,219		77,370
US Bancorp		1,221		73,712
W R Berkley		113		8,995
Wells Fargo		3,749		191,799
Willis Towers Watson		112		27,135
Zions Bancorp		117		7,370
				4,067,126


Health Care — 13.3%
Abbott Laboratories		1,646		212,153
AbbVie		1,645		188,632
ABIOMED ^*		32		10,625
Agilent Technologies		284		44,727
Align Technology ^*		75		46,828
AmerisourceBergen, Cl A		110		13,422
Amgen		521		107,831
Anthem		221		96,164
Baxter International		439		34,663
Becton Dickinson		251		60,137
Biogen ^*		129		34,402
Bio-Rad Laboratories, Cl A ^*		15		11,920
Bio-Techne		27		14,139
Boston Scientific ^*		1,311		56,543
Bristol-Myers Squibb		2,027		118,377
Cardinal Health		220		10,518
Catalent ^*		142		19,576
Centene ^*		549		39,111
Cerner		265		19,687
Charles River Laboratories International ^*		35		15,704
Cigna		328		70,064
Cooper		35		14,592

The accompanying notes are an integral part of the financial statements.

153

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
CVS Health		1,206	$	107,672
Danaher		571		178,021
DaVita ^*		66		6,814
DENTSPLY SIRONA		213		12,186
Dexcom ^*		91		56,712
Edwards Lifesciences ^*		554		66,380
Eli Lilly		729		185,720
Gilead Sciences		1,101		71,433
HCA Healthcare		222		55,602
Henry Schein ^*		114		8,704
Hologic ^*		224		16,421
Humana		111		51,411
IDEXX Laboratories ^*		83		55,290
Illumina ^*		128		53,128
Incyte ^*		215		14,401
Intuitive Surgical ^*		330		119,173
IQVIA Holdings ^*		181		47,317
Johnson & Johnson		2,415		393,355
Laboratory Corp of America Holdings ^*		104		29,850
McKesson		132		27,440
Medtronic		1,216		145,750
Merck		2,317		204,012
Mettler-Toledo International ^*		23		34,060
Moderna ^*		320		110,467
Organon		221		8,122
PerkinElmer		110		19,458
Pfizer		5,085		222,418
Quest Diagnostics		112		16,439
Regeneron Pharmaceuticals ^*		98		62,714
ResMed		126		33,127
STERIS		108		25,244
Stryker		322		85,674
Teleflex		33		11,779

The accompanying notes are an integral part of the financial statements.

154

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Thermo Fisher Scientific		351	$	222,208
UnitedHealth Group		861		396,465
Universal Health Services, Cl B		99		12,286
Vertex Pharmaceuticals ^*		222		41,054
Viatris, Cl W ^*		1,089		14,538
Waters ^*		65		23,891
West Pharmaceutical Services		75		32,241
Zimmer Biomet Holdings		211		30,198
Zoetis, Cl A		441		95,344
				4,644,334


Industrials — 8.2%
3M		544		97,202
Alaska Air Group ^*		112		5,914
Allegion		108		13,856
American Airlines Group ^*		549		10,541
AMETEK		219		28,996
AO Smith		112		8,184
Boeing ^*		508		105,171
Carrier Global		765		39,956
Caterpillar		506		103,229
CH Robinson Worldwide		112		10,863
Cintas		84		36,380
Copart ^*		215		33,387
CSX		2,073		74,980
Cummins		113		27,102
Deere		249		85,235
Delta Air Lines ^*		550		21,521
Dover		112		18,937
Eaton		334		55,030
Emerson Electric		551		53,453
Equifax		110		30,517
Expeditors International of Washington		116		14,298
Fastenal		542		30,937

The accompanying notes are an integral part of the financial statements.

155

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
FedEx		219	$	51,581
Fortive		324		24,530
Fortune Brands Home & Security		112		11,357
Generac Holdings ^*		67		33,404
General Dynamics		220		44,605
General Electric		986		103,402
Honeywell International		653		142,759
Howmet Aerospace		336		9,976
Huntington Ingalls Industries		26		5,271
IDEX		75		16,693
IHS Markit		334		43,660
Illinois Tool Works		250		56,967
Ingersoll Rand		334		17,956
Jacobs Engineering Group		112		15,727
JB Hunt Transport Services		101		19,916
Johnson Controls International		659		48,351
Kansas City Southern		86		26,681
L3Harris Technologies		188		43,342
Leidos Holdings		112		11,198
Lockheed Martin		221		73,443
Masco		224		14,683
Nielsen Holdings		334		6,763
Norfolk Southern		222		65,057
Northrop Grumman		130		46,439
Old Dominion Freight Line		88		30,039
Otis Worldwide		355		28,510
PACCAR		328		29,395
Parker-Hannifin		110		32,625
Pentair		116		8,581
Quanta Services		112		13,583
Raytheon Technologies		1,406		124,937
Republic Services, Cl A		220		29,612
Robert Half International		110		12,438

The accompanying notes are an integral part of the financial statements.

156

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Rockwell Automation		110	$	35,134
Rollins		221		7,786
Roper Technologies		106		51,714
Snap-On		37		7,520
Southwest Airlines ^*		555		26,240
Stanley Black & Decker		138		24,803
Textron		221		16,321
Trane Technologies		218		39,443
TransDigm Group ^*		51		31,815
Union Pacific		596		143,874
United Airlines Holdings ^*		326		15,042
United Parcel Service, Cl B		662		141,317
United Rentals ^*		73		27,675
Verisk Analytics, Cl A		137		28,807
Waste Management		336		53,837
Westinghouse Air Brake Technologies		145		13,156
WW Grainger		30		13,893
Xylem		149		19,458
				2,847,005


Information Technology — 28.1%
Accenture, Cl A		570		204,510
Adobe ^*		440		286,158
Advanced Micro Devices ^*		1,102		132,493
Akamai Technologies ^*		115		12,128
Amphenol, Cl A		552		42,377
Analog Devices		502		87,092
ANSYS ^*		84		31,885
Apple		14,308		2,143,338
Applied Materials		837		114,376
Arista Networks ^*		39		15,978
Autodesk ^*		217		68,921
Automatic Data Processing		371		83,286
Broadcom		364		193,528

The accompanying notes are an integral part of the financial statements.

157

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Broadridge Financial Solutions		110	$	19,625
Cadence Design Systems ^*		224		38,777
CDW		112		20,905
Ceridian HCM Holding ^*		115		14,404
Cisco Systems		3,854		215,708
Citrix Systems		110		10,420
Cognizant Technology Solutions, Cl A		441		34,438
Corning		664		23,619
DXC Technology ^*		224		7,296
Enphase Energy ^*		109		25,248
F5 Networks ^*		41		8,657
Fidelity National Information Services		550		60,907
Fiserv ^*		548		53,973
FleetCor Technologies ^*		80		19,793
Fortinet ^*		112		37,670
Gartner ^*		81		26,885
Global Payments		254		36,319
Hewlett Packard Enterprise		1,219		17,858
HP		1,121		34,000
Intel		3,702		181,398
International Business Machines		802		100,330
Intuit		242		151,490
IPG Photonics ^*		3		477
Jack Henry & Associates		73		12,153
Juniper Networks		330		9,742
Keysight Technologies ^*		175		31,504
KLA		132		49,204
Lam Research		125		70,446
Mastercard, Cl A		786		263,719
Microchip Technology		444		32,896
Micron Technology		999		69,031
Microsoft		6,839		2,267,949
Monolithic Power Systems		30		15,764

The accompanying notes are an integral part of the financial statements.

158

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Motorola Solutions		143	$	35,548
NetApp		220		19,646
NortonLifeLock		554		14,099
NVIDIA		2,273		581,138
Oracle		1,501		144,006
Paychex		325		40,066
Paycom Software ^*		34		18,627
PayPal Holdings ^*		1,073		249,569
PTC ^*		106		13,499
Qorvo ^*		110		18,505
QUALCOMM		994		132,242
salesforce.com ^*		875		262,229
Seagate Technology Holdings		220		19,595
ServiceNow ^*		187		130,481
Skyworks Solutions		139		23,231
Synopsys ^*		131		43,647
TE Connectivity		321		46,866
Teledyne Technologies ^*		33		14,824
Teradyne		116		16,036
Texas Instruments		845		158,421
Trimble ^*		222		19,396
Tyler Technologies ^*		29		15,753
VeriSign ^*		108		24,048
Visa, Cl A		1,539		325,914
Western Digital ^*		328		17,151
Western Union		339		6,177
Xilinx		222		39,960
Zebra Technologies, Cl A ^*		53		28,299
				9,837,648


Materials — 2.1%
Air Products & Chemicals		217		65,059
Albemarle		110		27,552
Amcor		1,446		17,453

The accompanying notes are an integral part of the financial statements.

159

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
Avery Dennison		80	$	17,418
Ball		324		29,640
Celanese, Cl A		110		17,766
CF Industries Holdings		220		12,496
Corteva		660		28,479
Dow		664		37,164
DuPont de Nemours		444		30,902
Eastman Chemical		112		11,651
Ecolab		219		48,666
FMC		112		10,193
Freeport-McMoRan		1,326		50,017
International Flavors & Fragrances		222		32,734
International Paper		336		16,689
LyondellBasell Industries, Cl A		224		20,792
Martin Marietta Materials		66		25,927
Mosaic		332		13,801
Newmont		769		41,526
Nucor		224		25,010
Packaging Corp of America		108		14,836
PPG Industries		219		35,165
Sealed Air		114		6,762
Sherwin-Williams		220		69,654
Vulcan Materials		112		21,293
Westrock		225		10,823
				739,468


Real Estate — 2.6%
Alexandria Real Estate Equities ^‡		110		22,455
American Tower, Cl A ^‡		417		117,582
AvalonBay Communities ^‡		110		26,035
Boston Properties ^‡		113		12,841
CBRE Group, Cl A ^*		324		33,722
Crown Castle International ^��		400		72,120
Digital Realty Trust ^‡		224		35,350

The accompanying notes are an integral part of the financial statements.

160

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Duke Realty ^‡		334	$	18,784
Equinix ^‡		87		72,825
Equity Residential ^‡		324		27,994
Essex Property Trust ^‡		68		23,115
Extra Space Storage ^‡		112		22,105
Federal Realty Investment Trust ^‡		106		12,757
Healthpeak Properties ^‡		461		16,370
Host Hotels & Resorts ^{‡ *}		666		11,209
Iron Mountain ^‡		227		10,360
Kimco Realty ^‡		496		11,210
Mid-America Apartment Communities ^‡		110		22,463
ProLogis ^‡		664		96,253
Public Storage ^‡		131		43,516
Realty Income ^‡		332		23,715
Regency Centers ^‡		114		8,027
SBA Communications, Cl A ^‡		110		37,986
Simon Property Group ^‡		328		48,078
UDR ^‡		236		13,105
Ventas ^‡		334		17,826
Vornado Realty Trust ^‡		114		4,860
Welltower ^‡		333		26,773
Weyerhaeuser ^‡		670		23,932
				913,368


Utilities — 2.5%
AES		644		16,184
Alliant Energy		223		12,615
Ameren		222		18,712
American Electric Power		443		37,526
American Water Works		173		30,133
Atmos Energy		108		9,949
CenterPoint Energy		550		14,322
CMS Energy		227		13,699
Consolidated Edison		330		24,882

The accompanying notes are an integral part of the financial statements.

161

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call & Growth ETF

	Shares/Number of Contracts			Value
COMMON STOCK — continued
Utilities — continued
Dominion Energy		763		$	57,935
DTE Energy		214			24,257
Duke Energy		671			68,449
Edison International		327			20,578
Entergy		218			22,458
Evergy		221			14,089
Eversource Energy		329			27,932
Exelon		884			47,020
FirstEnergy		536			20,652
NextEra Energy		1,773			151,290
NiSource		337			8,314
NRG Energy		222			8,856
Pinnacle West Capital		110			7,094
PPL		679			19,555
Public Service Enterprise Group		446			28,455
Sempra Energy		324			41,352
Southern		991			61,759
WEC Energy Group		329			29,630
Xcel Energy		458			29,582
					867,279


TOTAL UNITED STATES					35,345,949
TOTAL COMMON STOCK
(Cost $33,633,036)					35,538,814
TOTAL INVESTMENTS — 101.5%
(Cost $33,633,036)				$	35,538,814


WRITTEN OPTION— (1.7)%⁽¹⁾
UNITED STATES— (1.7)%
(Premiums Received ($239,180))		(385	)	$	(601,178	)

Percentages are based on Net Assets of $35,018,124.

The accompanying notes are an integral part of the financial statements.

162

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Covered Call & Growth ETF

A list of the exchange traded option contracts held by the Fund at October 31, 2021, is as follows:

Description	Number of Contracts			Cost+			Exercise Price		Expiration Date	Value
WRITTEN OPTION — (1.7)%
Call Options
XSP*		(385	)	$	(239,180	)	$	447.00	11/19/21	$	(601,178	)

*	Non-income producing security.
+	Notional amount for all options totals $(17,730,790).
‡	Real Estate Investment Trust
(1)	Refer to table below for details on Options Contracts.
(A)	All or a portion of these securities has been segregated as collateral for writtenoptions contracts. The aggregate market value of collateral at October 31, 2021 was $35,538,814.

Cl — Class

S&P — Standard & Poor’s

XSP — iShares Core S&P 500 Index ETF

The following is a summary of the level of inputs used as of October 31, 2021, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	35,538,814	$	—	$	—	$	35,538,814
Total Investments in Securities	$	35,538,814	$	—	$	—	$	35,538,814

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Option	$	(601,178	)	$	—	$	—	$	(601,178	)
Total Liabilities	$	(601,178	)	$	—	$	—	$	(601,178	)

For the year ended October 31, 2021, there have been no transfers in or out of Level 3.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

163

Schedule of Investments		October 31, 2021
	Global X SuperIncome™ Preferred ETF

Sector Weightings (Unaudited)†:

	Shares		Value
PREFERRED STOCK — 99.8%
UNITED STATES— 99.8%
Communication Services — 5.1%
Telephone and Data Systems, 6.625%		107,968	$	2,961,562
Telephone and Data Systems, 6.000%		187,462		4,915,254
ViacomCBS, 5.750%		67,390		4,085,856
				11,962,672
Consumer Discretionary — 3.9%
Qurate Retail, 8.000%		84,799		9,258,355
Energy — 6.7%
Crestwood Equity Partners, 9.250%		472,362		4,832,263
Energy Transfer, 7.600%, VAR ICE LIBOR USD 3 Month + 5.161%		215,046		5,487,974
Energy Transfer, 7.375%, VAR ICE LIBOR USD 3 Month + 4.530%		120,425		3,039,527
NuStar Energy, 7.625%, VAR ICE LIBOR USD 3 Month + 5.643%		105,459		2,388,646
				15,748,410

The accompanying notes are an integral part of the financial statements.

164

Schedule of Investments		October 31, 2021
	Global X SuperIncome™ Preferred ETF

	Shares		Value
PREFERRED STOCK — continued
Financials — 63.7%
AGNC Investment, 6.500%, VAR ICE LIBOR USD 3 Month + 4.993% ^‡		110,539	$	2,866,276
AGNC Investment, 6.125%, VAR ICE LIBOR USD 3 Month + 4.697% ^‡		156,857		3,973,188
Allstate, 5.625%		156,597		4,267,268
American International Group, 5.850%		134,852		3,673,369
Annaly Capital Management, 6.950%, VAR ICE LIBOR USD 3 Month + 4.993% ^‡		192,208		4,872,473
Annaly Capital Management, 6.750%, VAR ICE LIBOR USD 3 Month + 4.989% ^‡		118,378		3,112,158
Athene Holding, 6.350%, VAR ICE LIBOR USD 3 Month + 4.253%		233,258		6,972,082
Bank of America, 6.000%		264,244		7,034,175
Bank of America, 5.875%		169,801		4,586,325
Charles Schwab, 5.950%		202,425		5,200,298
Citigroup, Ser J, 7.125%, VAR ICE LIBOR USD 3 Month + 4.040%		84,793		2,381,835
Citigroup, 6.875%, VAR ICE LIBOR USD 3 Month + 4.130%		132,581		3,759,997
Citigroup Capital XIII, 6.499%, VAR ICE LIBOR USD 3 Month + 6.370%		200,959		5,516,325
Fifth Third Bancorp, 6.625%, VAR ICE LIBOR USD 3 Month + 3.710%		124,381		3,575,954
Goldman Sachs Group, 6.375%, VAR ICE LIBOR USD 3 Month + 3.550%		190,341		5,398,071
Hartford Financial Services Group, 7.875%, VAR ICE LIBOR USD 3 Month + 5.596%		165,073		4,301,802
JPMorgan Chase, 6.000%		221,798		6,152,677
JPMorgan Chase, 5.750% F		202,762		5,525,265
Morgan Stanley, Ser E, 7.125%, VAR ICE LIBOR USD 3 Month + 4.320%		130,967		3,719,463
Morgan Stanley, Ser F, 6.875%, VAR ICE LIBOR USD 3 Month + 3.940%		128,557		3,631,735
Morgan Stanley, 6.375%, VAR ICE LIBOR USD 3 Month + 3.708%		151,920		4,347,950

The accompanying notes are an integral part of the financial statements.

165

Schedule of Investments		October 31, 2021
	Global X SuperIncome™ Preferred ETF

	Shares		Value
PREFERRED STOCK — continued
Financials — continued
New Residential Investment, 7.000%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr + 6.223% ^‡		113,538	$	2,866,835
New Residential Investment, 6.375%, VAR ICE LIBOR USD 3 Month + 4.969% ^‡		107,976		2,536,356
PennyMac Mortgage Investment Trust, 6.750% ^‡		66,726		1,694,840
PNC Financial Services Group, 6.125%, VAR ICE LIBOR USD 3 Month + 4.067%		405,279		10,423,776
Regions Financial, Ser B, 6.375%, VAR ICE LIBOR USD 3 Month + 3.536%		133,291		3,785,464
Reinsurance Group of America, 6.200%, VAR ICE LIBOR USD 3 Month + 4.370%		106,810		2,799,490
State Street, 5.900%, VAR ICE LIBOR USD 3 Month + 3.108%		203,018		5,783,983
Synchrony Financial, 5.625%		201,532		5,374,859
US Bancorp, 6.500%, VAR ICE LIBOR USD 3 Month + 4.468%		301,711		7,657,425
Wells Fargo, 6.625%, VAR ICE LIBOR USD 3 Month + 3.690%		110,026		3,097,232
Wells Fargo, 5.850%, VAR ICE LIBOR USD 3 Month + 3.090%		227,194		6,122,878
Wells Fargo, 5.625%		90,345		2,342,646
				149,354,470
Health Care — 4.9%
Becton Dickinson, 6.000%		218,779		11,507,776
Industrials — 5.9%
Clarivate, 5.250%		102,492		9,424,139
WESCO International, 10.625%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr + 10.325%		142,805		4,484,077
				13,908,216
Real Estate — 3.9%
Brookfield Property Preferred, 6.250%		144,370		3,584,707

The accompanying notes are an integral part of the financial statements.

166

Schedule of Investments		October 31, 2021
	Global X SuperIncome™ Preferred ETF

	Shares/Face Amount		Value
PREFERRED STOCK — continued
Real Estate — continued
Monmouth Real Estate Investment, 6.125% ^‡		147,922	$	3,773,490
Pebblebrook Hotel Trust, 5.700% ^{‡ (A)}		67,734		1,763,116
				9,121,313
Utilities — 5.7%
Duke Energy, 5.750%		268,173		7,455,209
NiSource, 6.500%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.632%		134,828		3,791,363
SCE Trust IV, 5.375%, VAR ICE LIBOR USD 3 Month + 3.132%		88,051		2,206,558
				13,453,130
TOTAL UNITED STATES				234,314,342
TOTAL PREFERRED STOCK
(Cost $226,858,141)				234,314,342

SHORT-TERM INVESTMENT — 0.0%^(B)(C)
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010%
(Cost $41,109)		41,109		41,109

REPURCHASE AGREEMENT — 0.0%^(B)
BNP Paribas
0.030%, dated 10/29/21, to be repurchased on 11/01/21, repurchase price $33,091 (collateralized by U.S. Treasury Obligations, ranging in par value $1,331 - $4,438, 0.750% - 1.250%, 01/31/28 - 03/31/28, with a total market value of $33,816)
(Cost $33,091)	$	33,091		33,091
TOTAL INVESTMENTS — 99.8%
(Cost $226,932,341)			$	234,388,542

Percentages are based on Net Assets of $234,952,724.

The accompanying notes are an integral part of the financial statements.

167

Schedule of Investments		October 31, 2021
	Global X SuperIncome™ Preferred ETF

‡	Real Estate Investment Trust
(A)	This security or a partial position of this security is on loan at October 31, 2021. The total value of securities on loan at October 31, 2021 was $72,884.
(B)	Security was purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2021 was $74,200.
(C)	The rate reported on the Schedule of Investments is the 7-day effective yield as of October 31, 2021.

Cl — Class

ICE — Intercontinental Exchange

LIBOR — London Interbank Offered Rate

Ser — Series

USD — U.S. Dollar

VAR – Variable Rate

The following is a summary of the level of inputs used as of October 31, 2021, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Preferred Stock	$	234,314,342	$	—	$	—	$	234,314,342
Short-Term Investment		41,109		—		—		41,109
Repurchase Agreement		—		33,091		—		33,091
Total Investments in Securities	$	234,355,451	$	33,091	$	—	$	234,388,542

For the year ended October 31, 2021, there have been no transfers in or out of Level 3.

Amounts designated as “—“ are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

168

Schedule of Investments		October 31, 2021
	Global X Renewable Energy Producers ETF

Sector Weightings (Unaudited)†:

	Shares		Value
COMMON STOCK — 93.0%
AUSTRIA — 6.2%
Utilities — 6.2%
Verbund		87,634	$	9,137,415

BRAZIL — 7.1%
Utilities — 7.1%
Centrais Eletricas Brasileiras		927,175		5,564,366
Engie Brasil Energia		586,318		4,047,123
Omega Geracao ^*		139,814		811,799

TOTAL BRAZIL				10,423,288
CANADA — 8.4%
Utilities — 8.4%
Boralex, Cl A		73,665		2,276,124
Innergex Renewable Energy		125,462		2,085,045
Northland Power		162,088		5,203,083
TransAlta Renewables ^(A)		191,709		2,833,374

TOTAL CANADA				12,397,626
CHINA — 5.9%
Utilities — 5.9%
China Longyuan Power Group, Cl H		2,403,300		5,616,623
Xinyi Energy Holdings		5,106,900		3,006,743

The accompanying notes are an integral part of the financial statements.

169

Schedule of Investments		October 31, 2021
	Global X Renewable Energy Producers ETF

	Shares		Value
COMMON STOCK — continued
TOTAL CHINA			$	8,623,366
DENMARK — 5.4%
Utilities — 5.4%
Orsted		56,502		7,980,869

FRANCE — 4.2%
Utilities — 4.2%
Albioma		22,671		892,022
Neoen ^*		76,861		3,540,096
Voltalia ^*		68,397		1,780,925

TOTAL FRANCE				6,213,043
GERMANY — 1.4%
Utilities — 1.4%
Encavis ^(A)		99,921		2,092,962

GREECE — 0.8%
Utilities — 0.8%
Terna Energy		82,584		1,118,170

INDIA — 0.6%
Utilities — 0.6%
Azure Power Global ^{* (A)}		34,261		815,069

ISRAEL — 2.2%
Utilities — 2.2%
Energix-Renewable Energies		349,373		1,643,470
Enlight Renewable Energy ^*		655,095		1,618,620

TOTAL ISRAEL				3,262,090
ITALY — 4.1%
Utilities — 4.1%
ERG		107,992		3,901,669
Falck Renewables		209,079		2,108,646

The accompanying notes are an integral part of the financial statements.

170

Schedule of Investments		October 31, 2021
	Global X Renewable Energy Producers ETF

	Shares		Value
COMMON STOCK — continued
TOTAL ITALY			$	6,010,315
JAPAN — 2.9%
Utilities — 2.9%
RENOVA ^*		56,001		2,455,646
West Holdings		32,812		1,824,407

TOTAL JAPAN				4,280,053
NEW ZEALAND — 9.6%
Utilities — 9.6%
Contact Energy		557,554		3,263,933
Mercury NZ		980,494		4,304,875
Meridian Energy		1,840,798		6,573,667

TOTAL NEW ZEALAND				14,142,475

RUSSIA — 2.5%
Utilities — 2.5%
RusHydro PJSC		316,057,042		3,621,497

SOUTH AFRICA — 1.5%
Utilities — 1.5%
Scatec		114,031		2,239,021
SPAIN — 9.9%
Utilities — 9.9%
Atlantica Sustainable Infrastructure		79,808		3,140,445
EDP Renovaveis		346,514		9,664,152
Solaria Energia y Medio Ambiente ^*		89,222		1,783,160

TOTAL SPAIN				14,587,757
THAILAND — 5.8%
Utilities — 5.8%
Absolute Clean Energy NVDR ^(A)		7,242,189		785,712
BCPG NVDR		1,880,131		742,250
Energy Absolute NVDR		2,683,902		5,297,840
Gunkul Engineering NVDR		6,324,105		1,029,162

The accompanying notes are an integral part of the financial statements.

171

Schedule of Investments		October 31, 2021
	Global X Renewable Energy Producers ETF

	Shares		Value
COMMON STOCK — continued
Utilities — continued
Super Energy NVDR ^(A)		20,279,842	$	592,826

TOTAL THAILAND				8,447,790
UNITED KINGDOM — 1.4%
Utilities — 1.4%
Drax Group		286,044		2,080,056

UNITED STATES — 13.1%
Energy — 2.2%
Gevo ^{* (A)}		141,017		1,019,553
Renewable Energy Group ^*		34,201		2,188,864
				3,208,417

Industrials — 5.7%
Sunrun ^*		146,689		8,461,022

Utilities — 5.2%
NextEra Energy Partners		54,626		4,714,224
Ormat Technologies		40,210		2,908,389
				7,622,613

TOTAL UNITED STATES				19,292,052
TOTAL COMMON STOCK
(Cost $136,858,067)				136,764,914

MASTER LIMITED PARTNERSHIPS — 6.9%
CANADA— 5.4%
Utilities — 5.4%
Brookfield Renewable Partners ^(B)		197,691		7,912,106
UNITED STATES— 1.5%
Energy — 1.5%
Enviva Partners ^(B)		32,258		2,159,996
TOTAL MASTER LIMITED PARTNERSHIPS
(Cost $7,655,203)				10,072,102

The accompanying notes are an integral part of the financial statements.

172

Schedule of Investments		October 31, 2021
	Global X Renewable Energy Producers ETF

	Shares/Face Amount		Value
SHORT-TERM INVESTMENT — 1.4%^(C)(D)
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010%
(Cost $2,100,993)		2,100,993	$	2,100,993

REPURCHASE AGREEMENT — 1.2%^(C)
BNP Paribas
0.030%, dated 10/29/21, to be repurchased on 11/01/21, repurchase price $1,691,232 (collateralized by U.S. Treasury Obligations, ranging in par value $68,016 - $226,822, 0.750% - 1.250%, 01/31/28 - 03/31/28, with a total market value of $1,728,293)
(Cost $1,691,227)	$	1,691,227		1,691,227
TOTAL INVESTMENTS — 102.5%
(Cost $148,305,490)			$	150,629,236

Percentages are based on Net Assets of $146,976,294.

*	Non-income producing security.
(A)	This security or a partial position of this security is on loan at October 31, 2021. The total value of securities on loan at October 31, 2021 was $3,623,682.
(B)	Security considered Master Limited Partnership. At October 31, 2021, these securities amounted to $10,072,102 or 6.9% of Net Assets.
(C)	Security was purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2021 was $3,792,220.
(D)	The rate reported on the Schedule of Investments is the 7-day effective yield as of October 31, 2021.

Cl — Class

NVDR — Non-Voting Depositary Receipt

PJSC — Public Joint Stock Company

The accompanying notes are an integral part of the financial statements.

173

Schedule of Investments		October 31, 2021
	Global X Renewable Energy Producers ETF

The following is a summary of the level of inputs used as of October 31, 2021, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	133,502,824	$	3,262,090	$	—	$	136,764,914
Master Limited Partnerships		10,072,102		—		—		10,072,102
Short-Term Investment		2,100,993		—		—		2,100,993
Repurchase Agreement		—		1,691,227		—		1,691,227
Total Investments in Securities	$	145,675,919	$	4,953,317	$	—	$	150,629,236

For the year ended October 31, 2021, there have been no transfers in or out of Level 3.

Amounts designated as “—“ are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

174

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Catholic Values ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments.

	Shares		Value
COMMON STOCK — 99.7%
CHINA — 0.1%
Information Technology — 0.1%
NXP Semiconductors		4,003	$	804,043

UNITED KINGDOM — 0.4%
Materials — 0.4%
Linde		7,834		2,500,613

UNITED STATES — 99.2%
Communication Services — 10.7%
Activision Blizzard		11,716		916,074
Alphabet, Cl A ^*		4,578		13,555,092
Alphabet, Cl C ^*		4,285		12,706,782
AT&T		108,353		2,736,997
Charter Communications, Cl A ^*		1,919		1,295,114
Comcast, Cl A		70,140		3,607,300
Discovery, Cl A ^*		2,214		51,896
Discovery, Cl C ^*		5,455		123,065
DISH Network, Cl A ^*		4,071		167,196
Electronic Arts		4,261		597,605

The accompanying notes are an integral part of the financial statements.

175

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Fox, Cl A		5,656	$	224,769
Fox, Cl B		2,572		95,061
Interpublic Group		6,442		235,584
Live Nation Entertainment ^*		1,895		191,679
Lumen Technologies		15,998		189,736
Meta Platforms, Cl A ^*		36,266		11,734,590
Netflix ^*		6,766		4,670,637
News, Cl A		6,339		145,163
News, Cl B		1,967		44,375
Omnicom Group		3,132		213,227
Take-Two Interactive Software ^*		1,862		337,022
T-Mobile US ^*		8,857		1,018,821
Twitter ^*		12,314		659,292
Verizon Communications		63,241		3,351,141
ViacomCBS, Cl B		8,985		325,437
Walt Disney		27,614		4,668,699
				63,862,354

Consumer Discretionary — 12.8%
Advance Auto Parts		1,133		255,514
Amazon.com ^*		6,723		22,672,847
Aptiv ^*		4,366		754,838
AutoZone ^*		338		603,276
Bath & Body Works		3,945		272,560
Best Buy		3,719		454,611
Booking Holdings ^*		633		1,532,354
BorgWarner		3,484		157,024
CarMax ^*		2,445		334,769
Carnival ^*		11,919		264,125
Chipotle Mexican Grill, Cl A ^*		426		757,867
Darden Restaurants		2,061		297,073
Dollar General		3,608		799,244
Dollar Tree ^*		3,473		374,250
Domino’s Pizza		626		306,095

The accompanying notes are an integral part of the financial statements.

176

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
DR Horton		4,929	$	440,012
eBay		9,915		760,679
Etsy ^*		1,993		499,625
Expedia Group ^*		2,179		358,249
Ford Motor		59,896		1,023,024
Gap		3,551		80,572
Garmin		2,288		328,557
General Motors ^*		22,242		1,210,632
Genuine Parts		2,421		317,417
Hanesbrands		6,017		102,530
Hasbro		2,002		191,711
Hilton Worldwide Holdings ^*		4,231		609,052
Home Depot		16,398		6,095,793
Las Vegas Sands ^*		5,511		213,882
Leggett & Platt		2,198		102,976
Lennar, Cl A		4,147		414,410
LKQ		3,992		219,879
Lowe’s		10,877		2,543,260
Marriott International, Cl A ^*		4,159		665,523
McDonald’s		11,496		2,822,843
Mohawk Industries ^*		813		144,072
NIKE, Cl B		19,683		3,292,769
Norwegian Cruise Line Holdings ^*		5,334		137,190
NVR ^*		50		244,740
O’Reilly Automotive ^*		1,049		652,814
Penn National Gaming ^*		2,293		164,179
Pool		648		333,824
PulteGroup		4,530		217,802
PVH		1,316		143,878
Ralph Lauren, Cl A		918		116,742
Ross Stores		5,430		614,676
Starbucks		18,134		1,923,473
Tapestry		4,655		181,452

The accompanying notes are an integral part of the financial statements.

177

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Target		7,601	$	1,973,372
Tesla ^*		12,522		13,949,508
TJX		18,502		1,211,696
Tractor Supply		1,722		373,967
Ulta Beauty ^*		920		337,971
Under Armour, Cl A ^*		3,104		68,164
Under Armour, Cl C ^*		2,706		51,089
VF		5,387		392,605
Whirlpool		1,038		218,842
Wynn Resorts ^*		1,683		151,133
Yum! Brands		4,489		560,856
				76,293,887

Consumer Staples — 5.5%
Altria Group		47,776		2,107,399
Archer-Daniels-Midland		14,399		924,992
Brown-Forman, Cl B		4,805		326,212
Campbell Soup		5,856		233,947
Clorox		3,137		511,362
Coca-Cola		100,893		5,687,338
Colgate-Palmolive		21,818		1,662,313
Conagra Brands		12,208		393,098
Constellation Brands, Cl A		4,331		939,004
Estee Lauder, Cl A		6,004		1,947,277
General Mills		15,607		964,513
Hormel Foods		7,103		300,599
J M Smucker		2,742		336,882
Kellogg		6,497		398,266
Kimberly-Clark		8,688		1,125,009
Kraft Heinz		17,242		618,815
Kroger		17,759		710,715
Lamb Weston Holdings		3,622		204,462
McCormick		6,370		511,065
Molson Coors Beverage, Cl B		4,695		207,003

The accompanying notes are an integral part of the financial statements.

178

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Monster Beverage ^*		9,666	$	821,610
Procter & Gamble		63,085		9,020,524
Sysco		13,185		1,013,927
Tyson Foods, Cl A		7,540		602,974
Walgreens Boots Alliance		18,485		869,165
				32,438,471

Energy — 2.9%
APA		6,265		164,206
Baker Hughes, Cl A		12,287		308,158
Chevron		29,511		3,378,714
ConocoPhillips		20,340		1,515,127
Coterra Energy		7,175		152,971
Devon Energy		9,319		373,505
Diamondback Energy		2,488		266,689
EOG Resources		8,811		814,665
Exxon Mobil		64,639		4,167,276
Halliburton		14,365		358,981
Hess		4,288		354,060
Kinder Morgan		29,247		489,887
Marathon Oil		13,594		221,854
Marathon Petroleum		9,605		633,258
Occidental Petroleum		14,361		481,524
ONEOK		6,652		423,200
Phillips 66		6,556		490,258
Pioneer Natural Resources		3,410		637,602
Schlumberger		22,360		721,334
Valero Energy		6,664		515,327
Williams		18,222		511,856
				16,980,452

Financials — 11.3%
Aflac		9,229		495,320
Allstate		4,432		548,105

The accompanying notes are an integral part of the financial statements.

179

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
American Express		9,747	$	1,693,834
American International Group		12,862		760,016
Ameriprise Financial		1,700		513,621
Aon, Cl A		3,406		1,089,648
Arthur J Gallagher		3,087		517,597
Assurant		958		154,535
Bank of America		112,644		5,382,130
Bank of New York Mellon		11,920		705,664
Berkshire Hathaway, Cl B ^*		28,220		8,099,422
BlackRock, Cl A		2,203		2,078,442
Capital One Financial		6,743		1,018,395
Cboe Global Markets		1,849		243,957
Charles Schwab		22,748		1,866,018
Chubb		6,632		1,295,760
Cincinnati Financial		2,444		296,799
Citigroup		30,759		2,127,292
Citizens Financial Group		6,273		297,215
CME Group, Cl A		5,422		1,195,822
Comerica		1,911		162,607
Discover Financial Services		4,485		508,240
Everest Re Group		694		181,481
Fifth Third Bancorp		11,230		488,842
First Republic Bank		2,714		587,120
Franklin Resources		4,847		152,632
Globe Life		1,667		148,396
Goldman Sachs Group		5,115		2,114,285
Hartford Financial Services Group		5,155		375,954
Huntington Bancshares		21,869		344,218
Intercontinental Exchange		8,502		1,177,187
Invesco		4,817		122,400
JPMorgan Chase		45,490		7,728,296
KeyCorp		14,117		328,503
Lincoln National		2,550		183,983

The accompanying notes are an integral part of the financial statements.

180

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Loews		2,919	$	163,668
M&T Bank		1,892		278,351
MarketAxess Holdings		618		252,558
Marsh & McLennan		7,659		1,277,521
MetLife		10,950		687,660
Moody’s		2,442		986,934
Morgan Stanley		22,154		2,276,988
MSCI, Cl A		1,241		825,116
Nasdaq		1,911		401,062
Northern Trust		3,088		379,948
People’s United Financial		5,922		101,503
PNC Financial Services Group		6,426		1,356,079
Principal Financial Group		3,660		245,549
Progressive		8,819		836,747
Prudential Financial		5,805		638,840
Raymond James Financial		3,079		303,559
Regions Financial		15,999		378,856
S&P Global		3,655		1,733,055
State Street		5,125		505,069
SVB Financial Group ^*		879		630,595
Synchrony Financial		8,484		394,082
T Rowe Price Group		3,412		739,995
Travelers		3,744		602,335
Truist Financial		20,176		1,280,571
US Bancorp		20,399		1,231,488
W R Berkley		2,004		159,518
Wells Fargo		62,386		3,191,668
Willis Towers Watson		1,926		466,631
Zions Bancorp		2,301		144,940
				67,454,622

Health Care — 13.0%
ABIOMED ^*		1,951		647,810
Align Technology ^*		3,187		1,989,867

The accompanying notes are an integral part of the financial statements.

181

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
AmerisourceBergen, Cl A		6,438	$	785,565
Anthem		10,595		4,610,202
Baxter International		21,662		1,710,431
Boston Scientific ^*		62,333		2,688,422
Cardinal Health		12,456		595,521
Cerner		12,744		946,752
Cigna		14,768		3,154,592
CVS Health		57,371		5,122,083
DaVita ^*		2,844		293,615
DENTSPLY SIRONA		9,365		535,772
Dexcom ^*		4,260		2,654,875
Edwards Lifesciences ^*		27,074		3,244,007
Gilead Sciences		54,488		3,535,181
Henry Schein ^*		5,963		455,275
Hologic ^*		10,920		800,545
IDEXX Laboratories ^*		3,694		2,460,721
Incyte ^*		8,050		539,189
Intuitive Surgical ^*		15,510		5,601,126
IQVIA Holdings ^*		8,310		2,172,400
Laboratory Corp of America Holdings ^*		4,180		1,199,744
McKesson		6,737		1,400,488
Medtronic		58,470		7,008,214
Mettler-Toledo International ^*		1,001		1,482,361
Moderna ^*		15,278		5,274,118
Quest Diagnostics		5,260		772,063
ResMed		6,305		1,657,648
STERIS		4,300		1,005,082
Stryker		14,585		3,880,631
Teleflex		2,014		718,877
Waters ^*		2,652		974,743
West Pharmaceutical Services		3,201		1,376,046
Zimmer Biomet Holdings		9,033		1,292,803

The accompanying notes are an integral part of the financial statements.

182

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Zoetis, Cl A		20,600	$	4,453,720
				77,040,489

Industrials — 8.1%
3M		11,793		2,107,173
Alaska Air Group ^*		2,998		158,294
Allegion		1,770		227,091
American Airlines Group ^*		12,774		245,261
AMETEK		4,664		617,514
AO Smith		2,585		188,886
Carrier Global		17,874		933,559
Caterpillar		11,164		2,277,568
CH Robinson Worldwide		2,593		251,495
Cintas		1,847		799,936
Copart ^*		4,441		689,643
CSX		45,849		1,658,358
Cummins		2,900		695,536
Deere		5,788		1,981,290
Delta Air Lines ^*		12,866		503,447
Dover		2,890		488,641
Eaton		8,102		1,334,886
Emerson Electric		12,144		1,178,089
Equifax		2,572		713,550
Expeditors International of Washington		3,401		419,207
Fastenal		11,586		661,329
FedEx		5,000		1,177,650
Fortive		7,208		545,718
Fortune Brands Home & Security		2,724		276,214
Generac Holdings ^*		1,269		632,673
Howmet Aerospace		7,600		225,644
IDEX		1,509		335,858
IHS Markit		8,085		1,056,871
Illinois Tool Works		5,827		1,327,799
Ingersoll Rand		8,120		436,531

The accompanying notes are an integral part of the financial statements.

183

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
JB Hunt Transport Services		1,669	$	329,110
Johnson Controls International		14,455		1,060,563
Kansas City Southern		1,829		567,447
Leidos Holdings		2,795		279,444
Masco		5,415		354,953
Nielsen Holdings		8,501		172,145
Norfolk Southern		5,019		1,470,818
Old Dominion Freight Line		1,889		644,810
Otis Worldwide		9,049		726,725
PACCAR		6,993		626,713
Parker-Hannifin		2,612		774,693
Pentair		3,270		241,882
Quanta Services		2,768		335,703
Republic Services, Cl A		4,224		568,550
Robert Half International		2,198		248,528
Rockwell Automation		2,344		748,674
Rollins		5,154		181,575
Roper Technologies		2,138		1,043,066
Snap-On		1,061		215,627
Southwest Airlines ^*		12,294		581,260
Stanley Black & Decker		3,284		590,233
Trane Technologies		4,815		871,178
TransDigm Group ^*		1,114		694,936
Union Pacific		13,306		3,212,068
United Airlines Holdings ^*		6,407		295,619
United Parcel Service, Cl B		14,860		3,172,164
United Rentals ^* F		1,452		550,468
Verisk Analytics, Cl A		3,255		684,429
Waste Management		7,872		1,261,331
Westinghouse Air Brake Technologies		3,764		341,508
WW Grainger		873		404,295
Xylem		3,619		472,605
				47,868,831

The accompanying notes are an integral part of the financial statements.

184

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — 27.8%
Accenture, Cl A		9,725	$	3,489,233
Adobe ^*		7,259		4,720,963
Advanced Micro Devices ^*		18,430		2,215,839
Akamai Technologies ^*		2,701		284,847
Amphenol, Cl A		9,008		691,544
Analog Devices		8,158		1,415,331
ANSYS ^*		1,343		509,776
Apple		239,703		35,907,509
Applied Materials		13,885		1,897,385
Arista Networks ^*		898		367,902
Autodesk ^*		3,325		1,056,053
Automatic Data Processing		6,410		1,438,981
Broadcom		6,290		3,344,204
Broadridge Financial Solutions		1,718		306,508
Cadence Design Systems ^*		4,168		721,522
CDW		2,050		382,633
Cisco Systems		64,585		3,614,822
Citrix Systems		2,063		195,428
Cognizant Technology Solutions, Cl A		7,901		616,989
DXC Technology ^*		4,265		138,911
Enphase Energy ^*		1,994		461,870
F5 Networks ^*		1,044		220,441
Fidelity National Information Services		9,354		1,035,862
Fiserv ^*		9,124		898,623
FleetCor Technologies ^*		1,362		336,972
Fortinet ^*		2,038		685,461
Gartner ^*		1,245		413,228
Global Payments		4,424		632,588
Hewlett Packard Enterprise		21,746		318,579
HP		17,999		545,910
Intel		61,770		3,026,730
International Business Machines		13,613		1,702,986
Intuit		4,155		2,600,988

The accompanying notes are an integral part of the financial statements.

185

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
IPG Photonics ^*		675	$	107,332
Jack Henry & Associates		1,077		179,299
Juniper Networks		5,837		172,308
Keysight Technologies ^*		2,761		497,035
KLA		2,305		859,212
Lam Research		2,160		1,217,311
Mastercard, Cl A		13,274		4,453,692
Microchip Technology		8,250		611,243
Micron Technology		17,062		1,178,984
Microsoft		114,711		38,040,462
Monolithic Power Systems		642		337,345
Motorola Solutions		2,543		632,164
NetApp		3,315		296,030
NortonLifeLock		8,506		216,478
NVIDIA		38,007		9,717,250
Oracle		25,039		2,402,242
Paychex		4,803		592,114
Paycom Software ^*		764		418,557
PayPal Holdings ^*		17,905		4,164,524
PTC ^*		1,539		195,992
Qorvo ^*		1,646		276,907
QUALCOMM		17,155		2,282,301
salesforce.com ^*		14,795		4,433,914
Seagate Technology Holdings		3,083		274,603
ServiceNow ^*		3,010		2,100,258
Skyworks Solutions		2,465		411,975
Synopsys ^*		2,299		765,981
TE Connectivity		4,942		721,532
Teledyne Technologies ^*		691		310,411
Teradyne		2,554		353,065
Texas Instruments		14,049		2,633,907
Trimble ^*		3,739		326,676
Tyler Technologies ^*		605		328,648

The accompanying notes are an integral part of the financial statements.

186

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
VeriSign ^*		1,441	$	320,867
Visa, Cl A		25,726		5,447,995
Western Digital ^*		4,930		257,790
Western Union		7,430		135,375
Xilinx		3,719		669,420
Zebra Technologies, Cl A ^*		800		427,160
				164,964,977

Materials — 2.1%
Air Products & Chemicals		3,332		998,967
Albemarle		1,836		459,863
Amcor		24,929		300,893
Avery Dennison		1,347		293,269
Ball		4,870		445,508
Celanese, Cl A		1,631		263,423
CF Industries Holdings		3,706		210,501
Corteva		10,952		472,579
Dow		11,192		626,416
DuPont de Nemours		7,829		544,898
Eastman Chemical		2,271		236,252
Ecolab		3,748		832,880
FMC		2,210		201,132
Freeport-McMoRan		22,072		832,556
International Flavors & Fragrances		3,991		588,473
International Paper		5,785		287,341
LyondellBasell Industries, Cl A		4,052		376,107
Martin Marietta Materials		923		362,591
Mosaic		5,780		240,275
Newmont		11,994		647,676
Nucor		4,382		489,250
Packaging Corp of America		1,510		207,429
PPG Industries		3,770		605,349
Sealed Air		2,432		144,266
Sherwin-Williams		3,658		1,158,159

The accompanying notes are an integral part of the financial statements.

187

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
Sylvamo ^*		0	$	—
Vulcan Materials		2,159		410,469
Westrock		4,216		202,790
				12,439,312

Real Estate — 2.6%
Alexandria Real Estate Equities ^‡		2,150		438,901
American Tower, Cl A ^‡		7,186		2,026,236
AvalonBay Communities ^‡		2,275		538,447
Boston Properties ^‡		2,475		281,259
CBRE Group, Cl A ^*		5,225		543,818
Crown Castle International ^‡		6,806		1,227,122
Digital Realty Trust ^‡		4,418		697,204
Duke Realty ^‡		5,811		326,811
Equinix ^‡		1,410		1,180,269
Equity Residential ^‡		5,285		456,624
Essex Property Trust ^‡		1,112		378,002
Extra Space Storage ^‡		2,069		408,358
Federal Realty Investment Trust ^‡		1,134		136,477
Host Hotels & Resorts ^{‡ *}		12,071		203,155
Iron Mountain ^‡		4,373		199,584
Kimco Realty ^‡		9,291		209,977
Mid-America Apartment Communities ^‡		1,791		365,740
ProLogis ^‡		11,650		1,688,784
Public Storage ^‡		2,457		816,166
Realty Income ^‡		6,035		431,080
Regency Centers ^‡		2,559		180,179
SBA Communications, Cl A ^‡		1,712		591,205
Simon Property Group ^‡		5,139		753,275
UDR ^‡		4,611		256,049
Vornado Realty Trust ^‡		2,759		117,616
Welltower ^‡		6,875		552,750
Weyerhaeuser ^‡		12,394		442,714
				15,447,802

The accompanying notes are an integral part of the financial statements.

188

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Utilities — 2.4%
AES		10,862	$	272,962
Alliant Energy		3,897		220,453
Ameren		4,022		339,014
American Electric Power		7,502		635,494
American Water Works		2,712		472,376
Atmos Energy		1,884		173,554
CenterPoint Energy		8,637		224,908
CMS Energy		4,643		280,205
Consolidated Edison		5,248		395,699
Dominion Energy		12,181		924,903
DTE Energy		3,028		343,224
Duke Energy		11,805		1,204,228
Edison International		5,616		353,415
Entergy		3,095		318,847
Evergy		3,908		249,135
Eversource Energy		5,264		446,914
Exelon		14,693		781,521
FirstEnergy		8,394		323,421
NextEra Energy		29,753		2,538,824
NiSource		5,575		137,535
NRG Energy		4,332		172,803
Pinnacle West Capital		1,836		118,404
PPL		11,773		339,062
Public Service Enterprise Group		7,541		481,116
Sempra Energy		4,792		611,603
Southern		15,975		995,562
WEC Energy Group		4,699		423,192
Xcel Energy		8,508		549,532
				14,327,906

The accompanying notes are an integral part of the financial statements.

189

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Catholic Values ETF

	Value
COMMON STOCK — continued
TOTAL UNITED STATES	$	589,119,103
TOTAL COMMON STOCK
(Cost $414,694,538)		592,423,759
TOTAL INVESTMENTS — 99.7%
(Cost $414,694,538)	$	592,423,759

Percentages are based on Net Assets of $593,985,352.

*	Non-income producing security.
‡	Real Estate Investment Trust

Cl — Class

S&P — Standard & Poor’s

As of October 31, 2021, all of the Fund’s investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

For the year ended October 31, 2021, there have been no transfers in or out of Level 3.

The accompanying notes are an integral part of the financial statements.

190

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments.

	Shares		Value
COMMON STOCK — 99.2%
AUSTRALIA — 11.1%
Communication Services — 0.1%
REA Group		13	$	1,564
Telstra		1,227		3,520
TPG Telecom		22		112
				5,196

Consumer Discretionary — 0.5%
Aristocrat Leisure		186		6,522
Wesfarmers		355		15,265
				21,787

Consumer Staples — 0.7%
Coles Group		688		8,857
Woolworths Group		649		18,563
				27,420

Energy — 0.2%
Santos		517		2,710

The accompanying notes are an integral part of the financial statements.

191

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Woodside Petroleum		276	$	4,822
				7,532

Financials — 2.9%
ASX		54		3,367
Australia & New Zealand Banking Group		818		17,289
Commonwealth Bank of Australia		509		40,020
Insurance Australia Group		677		2,441
Macquarie Group ^(A)		99		14,710
National Australia Bank		948		20,443
QBE Insurance Group		423		3,759
Suncorp Group		362		3,187
Westpac Banking		1,051		20,264
				125,480

Health Care — 3.4%
Cochlear		76		12,584
CSL		516		116,460
Sonic Healthcare		548		16,476
				145,520

Industrials — 0.4%
Brambles		478		3,604
Sydney Airport		503		3,094
Transurban Group		1,084		10,943
				17,641

Information Technology — 0.2%
Afterpay ^*		69		6,390

Materials — 2.4%
BHP Group		648		17,188
BHP Group		903		24,810
Fortescue Metals Group		500		5,231
Glencore		3,358		16,812
Newcrest Mining		239		4,468
Rio Tinto		110		7,460

The accompanying notes are an integral part of the financial statements.

192

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
Rio Tinto		327	$	20,442
South32		1,421		3,810
				100,221

Real Estate — 0.3%
Dexus ^‡		314		2,564
Goodman Group ^‡		481		7,912
Scentre Group ^‡		1,492		3,384
				13,860

Utilities — 0.0%
APA Group		293		1,805

TOTAL AUSTRALIA				472,852
AUSTRIA — 0.4%
Communication Services — 0.0%
Telekom Austria, Cl A		41		355

Energy — 0.1%
OMV		41		2,486

Financials — 0.2%
BAWAG Group		22		1,386
Erste Group Bank		87		3,735
Raiffeisen Bank International		39		1,142
				6,263

Industrials — 0.0%
ANDRITZ		24		1,360

Information Technology — 0.0%
AMS		80		1,584

Materials — 0.0%
voestalpine		35		1,330

Utilities — 0.1%
Verbund		21		2,190

The accompanying notes are an integral part of the financial statements.

193

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
TOTAL AUSTRIA			$	15,568
BELGIUM — 1.5%
Consumer Staples — 0.6%
Anheuser-Busch InBev		433		26,442

Financials — 0.4%
Groupe Bruxelles Lambert		34		3,945
KBC Group		97		9,043
Sofina		4		1,770
				14,758

Health Care — 0.4%
UCB		145		17,300

Materials — 0.1%
Solvay		22		2,618
Umicore		59		3,385
				6,003

TOTAL BELGIUM				64,503
BRAZIL — 0.1%
Materials — 0.1%
Yara International		52		2,710

CHINA — 1.0%
Consumer Discretionary — 0.6%
Prosus		272		23,989

Consumer Staples — 0.2%
Budweiser Brewing APAC		1,000		2,757
Wilmar International		1,673		5,360
				8,117

Financials — 0.1%
BOC Hong Kong Holdings		1,100		3,493

Health Care — 0.1%
Alibaba Health Information Technology ^*		4,290		5,421

The accompanying notes are an integral part of the financial statements.

194

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
China Evergrande New Energy Vehicle Group^*		2,100	$	1,009
				6,430

TOTAL CHINA				42,029
DENMARK — 1.8%
Consumer Staples — 0.2%
Carlsberg, Cl B		49		8,091

Health Care — 0.5%
Coloplast, Cl B		135		22,030

Industrials — 0.9%
AP Moller - Maersk, Cl A		1		2,741
AP Moller - Maersk, Cl B		2		5,785
DSV		76		17,681
Vestas Wind Systems		345		14,936
				41,143

Utilities — 0.2%
Orsted		54		7,627

TOTAL DENMARK				78,891
FINLAND — 1.2%
Energy — 0.1%
Neste		125		6,971

Financials — 0.5%
Nordea Bank Abp		1,044		12,771
Sampo, Cl A		143		7,612
				20,383

Industrials — 0.2%
Kone, Cl B		139		9,484

Information Technology — 0.2%
Nokia		1,649		9,484

The accompanying notes are an integral part of the financial statements.

195

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Materials — 0.1%
Stora Enso, Cl R		180	$	2,996

Utilities — 0.1%
Fortum		126		3,747

TOTAL FINLAND				53,065
FRANCE — 8.8%
Communication Services — 0.1%
Adevinta, Cl B ^*		69		1,134
Vivendi		239		3,080
				4,214

Consumer Discretionary — 2.8%
Christian Dior		1		784
EssilorLuxottica		93		19,254
Hermes International		11		17,446
Kering		24		18,003
LVMH Moet Hennessy Louis Vuitton		82		64,262
				119,749

Consumer Staples — 1.1%
Danone		352		22,954
Pernod Ricard		103		23,685
				46,639

Energy — 0.8%
TotalEnergies		717		35,986

Financials — 1.1%
AXA		598		17,412
BNP Paribas		330		22,111
Credit Agricole		411		6,202
				45,725

Industrials — 0.5%
Vinci		185		19,776

The accompanying notes are an integral part of the financial statements.

196

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — 0.3%
Dassault Systemes		207	$	12,069


Materials — 1.9%
Air Liquide		145		24,203
L’Oreal		126		57,589
				81,792


Utilities — 0.2%
Electricite de France		133		1,959
Engie		528		7,513
				9,472


TOTAL FRANCE				375,422
GERMANY — 6.9%
Communication Services — 0.4%
Deutsche Telekom		972		18,085


Consumer Discretionary — 2.0%
adidas		57		18,687
Allianz		119		27,701
Bayerische Motoren Werke		95		9,591
Daimler		260		25,798
Volkswagen		9		2,925
				84,702


Consumer Staples — 0.2%
Beiersdorf		49		5,211
Henkel & KGaA		48		4,005
				9,216


Financials — 0.5%
Deutsche Boerse		54		8,974
Muenchener Rueckversicherungs-Gesellschaft in Muenchen		40		11,859
				20,833


Health Care — 0.9%
Fresenius Medical Care & KGaA		228		15,161

The accompanying notes are an integral part of the financial statements.

197

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Siemens Healthineers		322	$	21,412
				36,573


Industrials — 0.5%
Deutsche Post		352		21,801


Information Technology — 1.5%
Infineon Technologies		376		17,577
SAP		321		46,553
				64,130


Materials — 0.5%
BASF		281		20,253


Real Estate — 0.2%
Vonovia		163		9,896


Utilities — 0.2%
E.ON		633		8,033


TOTAL GERMANY				293,522
HONG KONG — 2.5%
Financials — 1.5%
AIA Group		3,765		42,519
Hang Seng Bank		180		3,425
Hong Kong Exchanges & Clearing		294		17,793
				63,737


Industrials — 0.4%
Jardine Matheson Holdings		92		5,330
MTR		400		2,180
Techtronic Industries		523		10,764
				18,274


Real Estate — 0.4%
CK Asset Holdings		600		3,706
Henderson Land Development		400		1,676
Link ^‡		600		5,322

The accompanying notes are an integral part of the financial statements.

198

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — common stock
Sun Hung Kai Properties		390	$	5,189
				15,893


Utilities — 0.2%
CLP Holdings		400		3,916
Hong Kong & China Gas		2,910		4,526
				8,442


TOTAL HONG KONG				106,346
IRELAND — 1.0%
Consumer Discretionary — 0.2%
Flutter Entertainment ^*		49		9,277


Consumer Staples — 0.3%
Kerry Group, Cl A		79		10,614


Industrials — 0.2%
Kingspan Group		56		6,457
Ryanair Holdings ^*		206		4,042
				10,499


Materials — 0.3%
CRH		232		11,137


TOTAL IRELAND				41,527
ISRAEL — 0.7%
Communication Services — 0.0%
Bezeq The Israeli Telecommunication ^*		496		622

Financials — 0.3%
Bank Hapoalim		325		3,202
Bank Leumi Le-Israel		421		4,023
First International Bank of Israel		18		722
Israel Discount Bank, Cl A ^*		336		2,031
Mizrahi Tefahot Bank		39		1,419
Plus500		36		650
				12,047

The accompanying notes are an integral part of the financial statements.

199

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Industrials — 0.1%
Kornit Digital ^*		17	$	2,844
Shapir Engineering and Industry		1		8
				2,852

Information Technology — 0.3%
Check Point Software Technologies ^*		32		3,827
JFrog ^*		1		33
Nice ^*		17		4,794
Wix.com ^*		15		2,789
				11,443

Materials — 0.0%
ICL Group		204		1,748

Real Estate — 0.0%
Azrieli Group		11		1,029
Strauss Group		29		854
				1,883

Utilities — 0.0%
Energix-Renewable Energies		1		5

TOTAL ISRAEL				30,600
ITALY — 2.0%
Consumer Discretionary — 0.2%
Ferrari		40		9,489

Consumer Staples — 0.1%
Davide Campari-Milano		287		4,079

Energy — 0.2%
Eni		729		10,465

Financials — 0.8%
Assicurazioni Generali		353		7,700
Intesa Sanpaolo		5,090		14,476
Poste Italiane		132		1,885

The accompanying notes are an integral part of the financial statements.

200

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
UniCredit		615		8,130
				32,191

Industrials — 0.1%
Atlantia		185		3,576

Utilities — 0.6%
Enel		2,195		18,381
Snam		619		3,508
Terna - Rete Elettrica Nazionale		403		3,004
				24,893

TOTAL ITALY				84,693
JAPAN — 28.2%
Communication Services — 2.0%
Dentsu Group		73		2,669
KDDI		508		15,718
Nexon		136		2,303
Nintendo		36		15,849
Nippon Telegraph & Telephone		389		10,876
SoftBank		839		11,438
SoftBank Group		378		20,434
Toho		41		1,924
Z Holdings		777		4,811
				86,022

Consumer Discretionary — 4.6%
Aisin		52		1,899
Bandai Namco Holdings		65		4,952
Bridgestone		180		7,923
Denso		152		10,962
Fast Retailing		21		13,907
Hikari Tsushin		4		616
Honda Motor		520		15,273
Isuzu Motors		209		2,802
Koito Manufacturing		37		2,090

The accompanying notes are an integral part of the financial statements.

201

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Nissan Motor		767	$	3,884
Nitori Holdings		24		4,390
Oriental Land		71		11,171
Pan Pacific International Holdings		173		3,620
Panasonic		722		8,817
Rakuten Group		264		2,894
Sekisui Chemical		133		2,175
Sekisui House		204		4,225
Sharp		61		717
Shimano		26		7,201
Subaru		186		3,634
Sumitomo Electric Industries		226		2,986
Suzuki Motor		157		6,988
Toyota Motor		3,976		69,966
Yamaha		50		3,148
ZOZO		52		1,662
				197,902

Consumer Staples — 2.3%
Aeon		441		10,125
Asahi Group Holdings		262		11,850
Kao		235		13,254
Kirin Holdings		417		7,245
Kobe Bussan		70		2,403
Kose		17		1,967
Nissin Foods Holdings		45		3,437
Seven & i Holdings		408		17,111
Shiseido		206		13,685
Suntory Beverage & Food		69		2,672
Unicharm		231		9,303
Welcia Holdings		42		1,567
Yakult Honsha		77		3,876
				98,495

The accompanying notes are an integral part of the financial statements.

202

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Energy — 0.1%
ENEOS Holdings		901	$	3,632
Inpex		272		2,271
				5,903

Financials — 2.3%
Dai-ichi Life Holdings		332		6,992
Daiwa Securities Group		419		2,347
Japan Exchange Group		154		3,638
Japan Post Bank		117		912
Japan Post Insurance		68		1,103
Mitsubishi UFJ Financial Group		3,658		19,970
Mizuho Financial Group		728		9,609
MS&AD Insurance Group Holdings		139		4,493
Nomura Holdings		802		3,869
ORIX		383		7,574
Resona Holdings		661		2,481
Sompo Holdings		106		4,600
Sumitomo Mitsui Financial Group		394		12,858
Sumitomo Mitsui Trust Holdings		106		3,490
T&D Holdings		139		1,782
Tokio Marine Holdings		201		10,573
				96,291

Health Care — 4.9%
Hoya		419		61,458
Kyowa Kirin		293		9,610
M3		486		28,591
Otsuka Holdings		635		25,027
Shionogi		324		21,047
Sysmex		194		23,939
Terumo		863		37,979
				207,651

Industrials — 6.5%
ANA Holdings		40		931

The accompanying notes are an integral part of the financial statements.

203

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Central Japan Railway		75	$	11,116
Daifuku		39		3,574
Daikin Industries		104		22,702
East Japan Railway		136		8,454
FANUC		68		13,305
Hankyu Hanshin Holdings		81		2,504
ITOCHU		530		15,069
Japan Airlines		38		817
Keio		39		1,963
Komatsu		350		9,106
Kubota		392		8,328
Makita		103		4,754
Marubeni		637		5,370
Minebea Mitsumi		135		3,404
MISUMI Group		91		3,799
Mitsubishi		528		16,725
Mitsubishi Electric		734		9,817
Mitsui		586		13,321
Monotaro		80		1,810
Nidec		195		21,496
Nihon M&A Center		112		3,423
Odakyu Electric Railway		107		2,311
Recruit Holdings		599		39,777
Secom		70		4,751
SG Holdings		186		4,649
SMC		22		13,108
Taisei		72		2,254
Tokyu		215		3,021
Toshiba		165		7,105
TOTO		50		2,412
Toyota Industries		61		5,168
West Japan Railway		62		2,916
Yamato Holdings		125		3,066

The accompanying notes are an integral part of the financial statements.

204

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Yaskawa Electric		85	$	3,668
				275,994

Information Technology — 3.5%
Advantest		58		4,746
Canon		330		7,403
Disco		10		2,684
Fujitsu		53		9,122
GMO Payment Gateway		13		1,646
Itochu Techno-Solutions		14		441
Keyence		56		33,647
Kyocera		104		6,070
Lasertec		24		5,268
Murata Manufacturing		188		14,267
NEC		78		3,981
Nomura Research Institute		116		4,619
NTT Data		199		3,984
Obic		19		3,497
Omron		61		5,815
Oracle Japan		11		1,037
Otsuka		28		1,375
Renesas Electronics ^*		393		4,832
Rohm		28		2,549
Shimadzu		80		3,238
TDK		108		3,912
Tokyo Electron		48		22,248
Trend Micro		37		2,086
				148,467

Materials — 1.1%
Asahi Kasei		398		4,176
Nippon Paint Holdings		471		5,035
Nippon Sanso Holdings		63		1,484
Nippon Steel		266		4,663

The accompanying notes are an integral part of the financial statements.

205

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
Nitto Denko		47	$	3,660
Shin-Etsu Chemical		121		21,494
Sumitomo Metal Mining		80		3,103
Toray Industries		513		3,190
				46,805

Real Estate — 0.7%
Daiwa House Industry		188		6,185
Hulic		133		1,275
Mitsubishi Estate		381		5,774
Mitsui Fudosan		263		5,993
Nippon Prologis ^‡		1		3,337
Nomura Real Estate Master Fund ^‡		1		1,497
Sumitomo Realty & Development		138		4,974
				29,035

Utilities — 0.2%
Chubu Electric Power		228		2,357
Kansai Electric Power		254		2,335
Osaka Gas		119		1,916
Tokyo Gas		112		1,944
				8,552

TOTAL JAPAN				1,201,117
LUXEMBOURG — 0.2%
Materials — 0.2%
ArcelorMittal		210		7,127

MACAO — 0.1%
Consumer Discretionary — 0.1%
Galaxy Entertainment Group		420		2,273
Sands China		900		2,057

The accompanying notes are an integral part of the financial statements.

206

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
TOTAL MACAO			$	4,330
NETHERLANDS — 6.7%
Communication Services — 0.2%
Universal Music Group		245		7,121

Consumer Staples — 0.7%
Heineken		121		13,417
Koninklijke Ahold Delhaize		534		17,384
				30,801

Energy — 1.2%
Royal Dutch Shell, Cl A		1,197		27,582
Royal Dutch Shell, Cl B		1,082		24,991
				52,573

Financials — 0.5%
EXOR		31		2,924
ING Groep		1,116		16,944
				19,868

Health Care — 1.1%
Koninklijke Philips		1,042		49,108

Information Technology — 3.0%
Adyen ^*		9		27,189
ASML Holding		122		98,899
				126,088

TOTAL NETHERLANDS				285,559
NEW ZEALAND — 0.7%
Communication Services — 0.0%
Spark New Zealand		545		1,781

Health Care — 0.5%
Fisher & Paykel Healthcare		661		14,764
Ryman Healthcare		496		5,129
				19,893

The accompanying notes are an integral part of the financial statements.

207

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Industrials — 0.0%
Auckland International Airport ^*		381	$	2,179

Information Technology — 0.1%
Xero ^*		35		3,930

Utilities — 0.1%
Contact Energy		209		1,223
Mercury NZ		180		790
Meridian Energy		360		1,286
				3,299

TOTAL NEW ZEALAND				31,082
NORWAY — 0.9%
Communication Services — 0.1%
Schibsted, Cl A		24		1,236
Schibsted, Cl B		30		1,352
Telenor		192		3,027
				5,615

Consumer Staples — 0.3%
Mowi		219		6,333
Orkla		386		3,749
Salmar		28		2,128
				12,210

Energy — 0.2%
Equinor		316		7,985

Financials — 0.2%
Aker BP		30		1,149
DNB Bank		260		6,171
Gjensidige Forsikring		54		1,341
				8,661

Industrials — 0.0%
TOMRA Systems		38		2,449

The accompanying notes are an integral part of the financial statements.

208

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Materials — 0.1%
Norsk Hydro		403	$	2,948

TOTAL NORWAY				39,868
POLAND — 0.0%
Consumer Discretionary — 0.0%
Allegro.eu ^*		134		1,517

PORTUGAL — 0.1%
Utilities — 0.1%
Energias de Portugal		877		4,957

SINGAPORE — 1.0%
Communication Services — 0.1%
Singapore Telecommunications		1,941		3,598

Financials — 0.7%
DBS Group Holdings		520		12,158
Oversea-Chinese Banking		1,167		10,212
United Overseas Bank		423		8,391
				30,761

Industrials — 0.1%
Singapore Airlines		506		1,951
Singapore Technologies Engineering		521		1,480
				3,431

Real Estate — 0.1%
Ascendas Real Estate Investment Trust ^‡		842		1,930
CapitaLand Integrated Commercial Trust ^‡		93		148
Capitaland Investment ^*		655		1,671
				3,749

TOTAL SINGAPORE				41,539
SOUTH AFRICA — 0.3%
Materials — 0.3%
Anglo American		403		15,371

The accompanying notes are an integral part of the financial statements.

209

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
SPAIN — 2.4%
Communication Services — 0.4%
Cellnex Telecom		173	$	10,647
Telefonica		1,636		7,127
				17,774

Consumer Discretionary — 0.3%
Industria de Diseno Textil		353		12,762

Financials — 0.8%
Banco Bilbao Vizcaya Argentaria		1,918		13,455
Banco Santander		4,970		18,845
				32,300

Industrials — 0.1%
Aena SME ^*		24		3,934

Information Technology — 0.2%
Amadeus IT Group, Cl A		132		8,835

Utilities — 0.6%
EDP Renovaveis		73		2,036
Endesa		91		2,101
Iberdrola		1,660		19,623
Naturgy Energy Group		95		2,499
				26,259

TOTAL SPAIN				101,864
SWEDEN — 4.1%
Communication Services — 0.1%
Telia		744		2,927

Consumer Discretionary — 0.2%
Evolution		56		9,058

Consumer Staples — 0.4%
Essity, Cl B		300		9,704
Swedish Match		795		6,996
				16,700

The accompanying notes are an integral part of the financial statements.

210

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Financials — 1.0%
Industrivarden, Cl A		54	$	1,781
Industrivarden, Cl C		48		1,559
Investor, Cl A		150		3,467
Investor, Cl B		524		12,074
Kinnevik, Cl B ^*		69		2,705
L E Lundbergforetagen, Cl B		17		979
Skandinaviska Enskilda Banken, Cl A		464		7,253
Skandinaviska Enskilda Banken, Cl C		4		64
Svenska Handelsbanken, Cl A		438		5,015
Svenska Handelsbanken, Cl B		11		139
Swedbank, Cl A		269		5,833
				40,869

Industrials — 1.7%
Alfa Laval		96		4,110
Assa Abloy, Cl B		346		10,132
Atlas Copco, Cl A		220		14,135
Atlas Copco, Cl B		142		7,680
Epiroc, Cl A		200		4,976
Epiroc, Cl B		126		2,677
Investment Latour, Cl B		41		1,486
Nibe Industrier, Cl B		513		7,637
Skanska, Cl B		146		3,706
SKF, Cl B		120		2,780
Volvo, Cl B		568		13,222
				72,541

Information Technology — 0.4%
Hexagon, Cl B		580		9,319
Telefonaktiebolaget LM Ericsson, Cl B		862		9,435
				18,754


Materials — 0.3%
Sandvik		378		9,573

The accompanying notes are an integral part of the financial statements.

211

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
Svenska Cellulosa, Cl B		178	$	2,775
				12,348

TOTAL SWEDEN				173,197
SWITZERLAND — 3.4%
Consumer Discretionary — 0.5%
Cie Financiere Richemont, Cl A		162		20,052

Financials — 0.9%
UBS Group		1,098		20,001
Zurich Insurance Group		42		18,657
				38,658

Health Care — 1.1%
Alcon		566		46,866

Industrials — 0.5%
ABB		640		21,215

Information Technology — 0.2%
STMicroelectronics		193		9,134

Materials — 0.2%
Givaudan		2		9,431

TOTAL SWITZERLAND				145,356
TAIWAN — 0.8%
Communication Services — 0.8%
Sea ADR ^*		96		32,983

UNITED KINGDOM — 9.0%
Communication Services — 0.5%
BT Group, Cl A ^*		2,445		4,655
Vodafone Group		8,055		11,929
WPP		396		5,732
				22,316

The accompanying notes are an integral part of the financial statements.

212

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — 0.3%
Compass Group		560	$	11,898

Consumer Staples — 2.4%
Associated British Foods		176		4,313
Coca-Cola Europacific Partners		105		5,528
Diageo		1,185		58,996
Imperial Brands		488		10,315
Ocado Group ^*		336		8,304
Tesco		3,960		14,651
				102,107

Energy — 0.7%
BP		5,944		28,533

Financials — 2.6%
Aviva		1,131		6,119
Barclays		4,664		12,930
HSBC Holdings		5,960		36,069
Legal & General Group		1,702		6,740
Lloyds Banking Group		20,392		14,038
London Stock Exchange Group		91		8,856
Natwest Group		1,491		4,519
Prudential		799		16,368
Standard Chartered		758		5,142
				110,781

Health Care — 0.4%
Smith & Nephew		1,012		17,409

Industrials — 1.5%
Ashtead Group		155		13,012
CK Hutchison Holdings		1,020		6,864
CNH Industrial		364		6,289
Experian		345		15,828
RELX		705		21,879
				63,872

The accompanying notes are an integral part of the financial statements.

213

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — 0.1%
Segro ^‡		337	$	5,971

Utilities — 0.5%
National Grid		1,086		13,925
SSE		301		6,781
				20,706

TOTAL UNITED KINGDOM				383,593
UNITED STATES — 2.3%
Communication Services — 0.3%
Spotify Technology ^*		41		11,865

Consumer Discretionary — 0.4%
Fiverr International ^*		11		1,874
Stellantis		697		13,914
				15,788

Industrials — 1.1%
Ferguson		80		12,057
Schneider Electric		200		34,463
				46,520

Information Technology — 0.4%
Atlassian, Cl A ^*		39		17,867
CyberArk Software ^*		11		1,981
				19,848

Materials — 0.1%
James Hardie Industries		128		4,966

TOTAL UNITED STATES				98,987
TOTAL COMMON STOCK
(Cost $3,528,348)				4,230,175

The accompanying notes are an integral part of the financial statements.

214

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

	Shares/ Number of Rights		Value
PREFERRED STOCK — 0.5%
GERMANY— 0.5%
Consumer Discretionary — 0.3%
Bayerische Motoren Werke ^(B)		15	$	1,277
Volkswagen ^(B)		57		12,785
				14,062
Consumer Staples — 0.2%
Henkel & KGaA ^(B)		89		7,970
TOTAL GERMANY				22,032
TOTAL PREFERRED STOCK
(Cost $23,211)				22,032

RIGHT — 0.0%
Australia — 0.0%
Aristocrat Leisure # (Cost $–)		9		32

TOTAL INVESTMENTS — 99.7%
(Cost $3,551,559)			$	4,252,239

Percentages are based on Net Assets of $4,264,016.

*	Non-income producing security.
‡	Real Estate Investment Trust
#	Expiration Date Not Available.
(A)	Security is fair valued using methods determined in good faith by the Fair Value Committee of the Fund. The total value of such securities as of October 31, 2021, was $14,710 and represents 0.3% of Net Assets.
(B)	There is currently no stated interest rate.

The accompanying notes are an integral part of the financial statements.

215

Schedule of Investments		October 31, 2021
	Global X S&P Catholic Values Developed ex-US ETF

The following is a summary of the level of inputs used as of October 31, 2021, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	4,195,008	$	35,167	$	—	$	4,230,175
Preferred Stock		22,032		—		—		22,032
Right		32		—		—		32
Total Investments in Securities	$	4,217,072	$	35,167	$	—	$	4,252,239

For the year ended October 31, 2021, there have been no transfers in or out of Level 3.

Amounts designated as “—“ are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

216

Schedule of Investments		October 31, 2021
	Global X Guru^® Index ETF

Sector Weightings (Unaudited)†:

	Shares		Value
COMMON STOCK — 98.3%
CANADA — 1.4%
Information Technology — 1.4%
Shopify, Cl A ^*		721	$	1,057,512

CHINA — 3.0%
Consumer Discretionary — 1.5%
JD.com ADR ^*		14,437		1,130,128

Information Technology — 1.5%
GDS Holdings ADR ^*		19,786		1,175,289

TOTAL CHINA				2,305,417
DENMARK — 1.4%
Health Care — 1.4%
Ascendis Pharma ADR ^*		7,176		1,087,953

The accompanying notes are an integral part of the financial statements.

217

Schedule of Investments		October 31, 2021
	Global X Guru^® Index ETF

	Shares		Value
COMMON STOCK — continued
SOUTH KOREA — 1.5%
Consumer Discretionary — 1.5%
Coupang, Cl A ^*		36,796	$	1,095,049

TAIWAN — 2.9%
Communication Services — 1.5%
Sea ADR ^*		3,336		1,146,150

Information Technology — 1.4%
Taiwan Semiconductor Manufacturing ADR		9,303		1,057,751

TOTAL TAIWAN				2,203,901
UNITED KINGDOM — 1.5%
Communication Services — 1.5%
Liberty Global, Cl C ^*		39,103		1,127,731

UNITED STATES — 86.6%
Communication Services — 8.4%
Alphabet, Cl C ^*		380		1,126,856
Charter Communications, Cl A ^*		1,359		917,175
DISH Network, Cl A ^*		25,564		1,049,913
Liberty Broadband, Cl C ^*		5,879		955,044
Meta Platforms, Cl A ^*		2,936		950,002
Netflix ^*		1,955		1,349,556
				6,348,546

Consumer Discretionary — 16.6%
Amazon.com ^*		324		1,092,667
Booking Holdings ^*		486		1,176,499
DoorDash, Cl A ^*		5,800		1,129,840
eBay		14,410		1,105,535
Expedia Group ^*		7,751		1,274,342
Home Depot		3,416		1,269,864
Las Vegas Sands ^*		25,726		998,426
Lithia Motors, Cl A		3,412		1,089,179
Lowe’s		5,452		1,274,787

The accompanying notes are an integral part of the financial statements.

218

Schedule of Investments		October 31, 2021
	Global X Guru^® Index ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
ThredUp, Cl A ^{* (A)}		57,604	$	1,246,550
Wayfair, Cl A ^*		3,829		953,804
				12,611,493

Consumer Staples — 4.3%
Albertsons, Cl A		37,985		1,175,636
Mondelez International, Cl A		17,979		1,092,045
Post Holdings ^*		9,984		1,013,176
				3,280,857

Energy — 3.0%
Cheniere Energy		12,564		1,299,118
Texas Pacific Land		790		1,006,199
				2,305,317

Financials — 11.5%
Arch Capital Group ^*		27,090		1,132,904
Citigroup		15,593		1,078,412
LPL Financial Holdings		7,531		1,235,235
S&P Global		2,516		1,192,987
Upstart Holdings ^*		5,139		1,654,963
Wells Fargo		23,082		1,180,875
Willis Towers Watson		5,132		1,243,381
				8,718,757

Health Care — 13.3%
Bausch Health ^*		38,378		1,077,654
Fate Therapeutics ^*		15,427		829,973
Invitae ^*		38,049		1,008,299
Mirati Therapeutics ^*		6,616		1,250,556
Rocket Pharmaceuticals ^*		32,894		977,281
Seagen ^*		6,627		1,168,539
Tenet Healthcare ^*		14,810		1,061,285
Turning Point Therapeutics ^*		14,336		596,091
Viatris, Cl W ^*		77,558		1,035,399

The accompanying notes are an integral part of the financial statements.

219

Schedule of Investments		October 31, 2021
	Global X Guru^® Index ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Zimmer Biomet Holdings		7,462	$	1,067,961
				10,073,038

Industrials — 2.9%
Otis Worldwide		12,099		971,670
Uber Technologies ^*		27,957		1,225,076
				2,196,746

Information Technology — 17.2%
Adobe ^*		1,678		1,091,304
Appian, Cl A ^*		10,258		1,019,748
Dell Technologies, Cl C ^*		11,386		1,252,346
Elastic ^*		6,961		1,207,803
Fiserv ^*		9,555		941,072
Micron Technology		15,276		1,055,572
Microsoft		3,681		1,220,693
NortonLifeLock		41,716		1,061,672
Pegasystems		8,075		958,664
Twilio, Cl A ^*		3,048		888,065
Unity Software ^*		8,763		1,325,930
Visa, Cl A		4,833		1,023,484
				13,046,353

Materials — 3.0%
International Flavors & Fragrances		7,391		1,089,803
Sherwin-Williams		3,661		1,159,109
				2,248,912

Real Estate — 3.0%
American Tower, Cl A ^‡		3,795		1,070,076
Zillow Group, Cl C ^*		11,629		1,205,113
				2,275,189

Utilities — 3.4%
PG&E ^*		122,852		1,425,083
Vistra		59,288		1,161,452
				2,586,535

The accompanying notes are an integral part of the financial statements.

220

Schedule of Investments		October 31, 2021
	Global X Guru^® Index ETF

	Shares/Face Amount		Value
COMMON STOCK — continued
TOTAL UNITED STATES			$	65,691,743
TOTAL COMMON STOCK
(Cost $66,614,394)				74,569,306

MASTER LIMITED PARTNERSHIP — 1.5%
UNITED STATES— 1.5%
Industrials — 1.5%
Icahn Enterprises ^(B) (Cost $1,095,418)		20,125		1,159,200

SHORT-TERM INVESTMENT — 0.7%^(C)(D)
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010%
(Cost $539,892)		539,892		539,892

REPURCHASE AGREEMENT — 0.6%^(C)
BNP Paribas
0.030%, dated 10/29/21, to be repurchased on 11/01/21, repurchase price $434,595 (collateralized by various U.S. Treasury Obligations, ranging in par value $17,478 - $58,286, 0.750% - 1.250%, 01/31/28 -03/31/28, with a total market value of $444,116)
(Cost $434,594)	$	434,594		434,594
TOTAL INVESTMENTS — 101.1%
(Cost $68,684,298)			$	76,702,992

Percentages are based on Net Assets of $75,856,035.

Cl — Class

S&P — Standard & Poor’s

The accompanying notes are an integral part of the financial statements.

221

Schedule of Investments		October 31, 2021
	Global X Guru^® Index ETF

*	Non-income producing security.
‡	Real Estate Investment Trust
(A)	This security or a partial position of this security is on loan at October 31, 2021. The total value of securities on loan at October 31, 2021 was $979,084.
(B)	Security considered Master Limited Partnership. At October 31, 2021, these securities amounted to $1,159,200 or 1.5% of Net Assets.
(C)	Security was purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2021 was $974,486.
(D)	The rate reported on the Schedule of Investments is the 7-day effective yield as of October 31, 2021.

The following is a summary of the level of inputs used as of October 31, 2021, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	74,569,306	$	—	$	—	$	74,569,306
Master Limited Partnership		1,159,200		—		—		1,159,200
Short-Term Investment		539,892		—		—		539,892
Repurchase Agreement		—		434,594		—		434,594
Total Investments in Securities	$	76,268,398	$	434,594	$	—	$	76,702,992

For the year ended October 31, 2021, there have been no transfers in or out of Level 3.

Amounts designated as “—“ are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

222

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Tail Risk ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments.

	Shares		Value
COMMON STOCK — 99.3%
CHINA — 0.1%
Information Technology — 0.1%
NXP Semiconductors		26	$	5,222

UNITED KINGDOM — 0.4%
Materials — 0.4%
Linde		48		15,322

UNITED STATES — 98.8%
Communication Services — 10.7%
Activision Blizzard		65		5,082
Alphabet, Cl A ^*		27		79,945
Alphabet, Cl C ^*		26		77,101
AT&T		654		16,520
Charter Communications, Cl A ^*		12		8,099
Comcast, Cl A		420		21,601
Discovery, Cl A ^*		13		305
Discovery, Cl C ^*		26		587
DISH Network, Cl A ^*		26		1,068

The accompanying notes are an integral part of the financial statements.

223

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Electronic Arts		26	$	3,647
Fox, Cl A		26		1,033
Fox, Cl B		13		480
Interpublic Group		39		1,426
Live Nation Entertainment ^*		13		1,315
Lumen Technologies		91		1,079
Match Group ^*		25		3,770
Meta Platforms, Cl A ^*		220		71,185
Netflix ^*		40		27,612
News, Cl A		39		893
News, Cl B		13		293
Omnicom Group		16		1,089
Take-Two Interactive Software ^*		13		2,353
T-Mobile US ^*		52		5,982
Twitter ^*		68		3,641
Verizon Communications		379		20,083
ViacomCBS, Cl B		52		1,883
Walt Disney		167		28,235
				386,307

Consumer Discretionary — 12.6%
Advance Auto Parts		5		1,128
Amazon.com ^*		40		134,897
Aptiv ^*		26		4,495
AutoZone ^*		2		3,570
Bath & Body Works		26		1,796
Best Buy		22		2,689
Booking Holdings ^*		3		7,262
BorgWarner		26		1,172
Caesars Entertainment ^*		21		2,299
CarMax ^*		13		1,780
Carnival ^*		68		1,507
Chipotle Mexican Grill, Cl A ^*		2		3,558
Darden Restaurants		13		1,874

The accompanying notes are an integral part of the financial statements.

224

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Dollar General		23	$	5,095
Dollar Tree ^*		26		2,802
Domino’s Pizza		3		1,467
DR Horton		26		2,321
eBay		55		4,220
Etsy ^*		13		3,259
Expedia Group ^*		13		2,137
Ford Motor		344		5,876
Gap		16		363
Garmin		13		1,867
General Motors ^*		132		7,185
Genuine Parts		13		1,704
Hanesbrands		26		443
Hasbro		13		1,245
Hilton Worldwide Holdings ^*		26		3,743
Home Depot		99		36,802
Las Vegas Sands ^*		26		1,009
Leggett & Platt		13		609
Lennar, Cl A		26		2,598
LKQ		26		1,432
Lowe’s		65		15,198
Marriott International, Cl A ^*		26		4,161
McDonald’s		68		16,697
MGM Resorts International		39		1,839
Mohawk Industries ^*		4		709
Newell Brands		29		664
NIKE, Cl B		117		19,573
Norwegian Cruise Line Holdings ^*		29		746
O’Reilly Automotive ^*		5		3,112
Penn National Gaming ^*		13		931
Pool		3		1,546
PulteGroup		26		1,250
PVH		8		875

The accompanying notes are an integral part of the financial statements.

225

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Ralph Lauren, Cl A		3	$	382
Ross Stores		34		3,849
Royal Caribbean Cruises ^*		22		1,857
Starbucks		104		11,031
Tapestry		26		1,014
Target		45		11,683
Tesla ^*		75		83,550
TJX		107		7,007
Tractor Supply		13		2,823
Ulta Beauty ^*		4		1,469
Under Armour, Cl A ^*		13		285
Under Armour, Cl C ^*		13		245
VF		26		1,895
Whirlpool		5		1,054
Wynn Resorts ^*		13		1,167
Yum! Brands		26		3,248
				454,064

Consumer Staples — 5.6%
Altria Group		169		7,455
Archer-Daniels-Midland		52		3,341
Brown-Forman, Cl B		13		883
Campbell Soup		13		519
Church & Dwight		26		2,271
Clorox		13		2,119
Coca-Cola		363		20,462
Colgate-Palmolive		78		5,943
Conagra Brands		39		1,256
Constellation Brands, Cl A		15		3,252
Costco Wholesale		40		19,662
Estee Lauder, Cl A		22		7,135
General Mills		52		3,214
Hershey		13		2,280
Hormel Foods		26		1,100

The accompanying notes are an integral part of the financial statements.

226

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
J M Smucker		13	$	1,597
Kellogg		26		1,594
Kimberly-Clark		30		3,885
Kraft Heinz		55		1,974
Kroger		65		2,601
Lamb Weston Holdings		13		734
McCormick		26		2,086
Molson Coors Beverage, Cl B		13		573
Mondelez International, Cl A		129		7,835
Monster Beverage ^*		35		2,975
PepsiCo		130		21,008
Philip Morris International		147		13,897
Procter & Gamble		223		31,887
Sysco		48		3,691
Tyson Foods, Cl A		26		2,079
Walgreens Boots Alliance		65		3,056
Walmart		130		19,425
				201,789

Energy — 2.8%
APA		29		760
Baker Hughes, Cl A		68		1,705
Chevron		179		20,494
ConocoPhillips		117		8,715
Coterra Energy		39		832
Devon Energy		52		2,084
Diamondback Energy		13		1,394
EOG Resources		52		4,808
Exxon Mobil		389		25,079
Halliburton		78		1,949
Hess		26		2,147
Kinder Morgan		172		2,881
Marathon Oil		68		1,110
Marathon Petroleum		55		3,626

The accompanying notes are an integral part of the financial statements.

227

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Occidental Petroleum		78	$	2,615
ONEOK		39		2,481
Phillips 66		39		2,916
Pioneer Natural Resources		22		4,114
Schlumberger		120		3,871
Valero Energy		39		3,016
Williams		107		3,006
				99,603

Financials — 11.3%
Aflac		52		2,791
Allstate		26		3,215
American Express		60		10,427
American International Group		78		4,609
Ameriprise Financial		11		3,323
Aon, Cl A		23		7,358
Arthur J Gallagher		17		2,850
Assurant		4		645
Bank of America		679		32,443
Bank of New York Mellon		68		4,026
Berkshire Hathaway, Cl B ^*		170		48,792
BlackRock, Cl A		13		12,265
Brown & Brown		22		1,388
Capital One Financial		39		5,890
Cboe Global Markets		13		1,715
Charles Schwab		139		11,402
Chubb		39		7,620
Cincinnati Financial		13		1,579
Citigroup		182		12,587
Citizens Financial Group		39		1,848
CME Group, Cl A		36		7,940
Comerica		13		1,106
Discover Financial Services		26		2,946
Everest Re Group		4		1,046

The accompanying notes are an integral part of the financial statements.

228

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Fifth Third Bancorp		65	$	2,829
First Republic Bank		13		2,812
Franklin Resources		26		819
Globe Life		13		1,157
Goldman Sachs Group		31		12,814
Hartford Financial Services Group		26		1,896
Huntington Bancshares		130		2,046
Intercontinental Exchange		52		7,200
Invesco		26		661
JPMorgan Chase		274		46,550
KeyCorp		81		1,885
Lincoln National		13		938
Loews		13		729
M&T Bank		13		1,913
MarketAxess Holdings		3		1,226
Marsh & McLennan		50		8,340
MetLife		65		4,082
Moody’s		13		5,254
Morgan Stanley		130		13,361
MSCI, Cl A		9		5,984
Nasdaq		13		2,728
Northern Trust		18		2,215
People’s United Financial		39		669
PNC Financial Services Group		39		8,230
Principal Financial Group		26		1,744
Progressive		52		4,934
Prudential Financial		39		4,292
Raymond James Financial		18		1,775
Regions Financial		81		1,918
S&P Global		23		10,906
State Street		26		2,562
SVB Financial Group ^*		4		2,870
Synchrony Financial		52		2,415

The accompanying notes are an integral part of the financial statements.

229

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
T Rowe Price Group		23	$	4,988
Travelers		26		4,183
Truist Financial		117		7,426
US Bancorp		120		7,244
W R Berkley		13		1,035
Wells Fargo		377		19,287
Willis Towers Watson		13		3,150
Zions Bancorp		13		819
				407,697

Health Care — 13.1%
Abbott Laboratories		164		21,138
AbbVie		161		18,462
ABIOMED ^*		4		1,328
Agilent Technologies		26		4,095
Align Technology ^*		8		4,995
AmerisourceBergen, Cl A		13		1,586
Amgen		52		10,762
Anthem		23		10,008
Baxter International		47		3,711
Becton Dickinson		26		6,229
Biogen ^*		13		3,467
Bio-Rad Laboratories, Cl A ^*		2		1,589
Bio-Techne		3		1,571
Boston Scientific ^*		130		5,607
Bristol-Myers Squibb		205		11,972
Cardinal Health		26		1,243
Catalent ^*		13		1,792
Centene ^*		52		3,704
Cerner		26		1,932
Charles River Laboratories International ^*		4		1,795
Cigna		30		6,408
Cooper		4		1,668
CVS Health		117		10,446

The accompanying notes are an integral part of the financial statements.

230

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Danaher		58	$	18,083
DaVita ^*		5		516
DENTSPLY SIRONA		16		915
Dexcom ^*		10		6,232
Edwards Lifesciences ^*		56		6,710
Eli Lilly		74		18,852
Gilead Sciences		115		7,461
HCA Healthcare		23		5,761
Henry Schein ^*		13		993
Hologic ^*		26		1,906
Humana		13		6,021
IDEXX Laboratories ^*		9		5,995
Illumina ^*		13		5,396
Incyte ^*		13		871
Intuitive Surgical ^*		33		11,917
IQVIA Holdings ^*		18		4,706
Johnson & Johnson		243		39,580
Laboratory Corp of America Holdings ^*		10		2,870
McKesson		13		2,702
Medtronic		125		14,983
Merck		233		20,516
Mettler-Toledo International ^*		2		2,962
Moderna ^*		31		10,702
Organon		26		955
PerkinElmer		13		2,300
Pfizer		516		22,570
Quest Diagnostics		13		1,908
Regeneron Pharmaceuticals ^*		11		7,039
ResMed		13		3,418
STERIS		10		2,337
Stryker		30		7,982
Teleflex		4		1,428
Thermo Fisher Scientific		37		23,424

The accompanying notes are an integral part of the financial statements.

231

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
UnitedHealth Group		88	$	40,521
Universal Health Services, Cl B		8		993
Vertex Pharmaceuticals ^*		26		4,808
Viatris, Cl W ^*		107		1,428
Waters ^*		5		1,838
West Pharmaceutical Services		9		3,869
Zimmer Biomet Holdings		18		2,576
Zoetis, Cl A		42		9,080
				470,632

Industrials — 8.1%
3M		52		9,291
Alaska Air Group ^*		13		686
Allegion		9		1,155
American Airlines Group ^*		55		1,056
AMETEK		22		2,913
AO Smith		13		950
Boeing ^*		52		10,766
Carrier Global		79		4,126
Caterpillar		52		10,608
CH Robinson Worldwide		13		1,261
Cintas		10		4,331
Copart ^*		21		3,261
CSX		198		7,162
Cummins		13		3,118
Deere		26		8,900
Delta Air Lines ^*		55		2,152
Dover		13		2,198
Eaton		39		6,426
Emerson Electric		52		5,045
Equifax		13		3,607
Expeditors International of Washington		13		1,602
Fastenal		52		2,968
FedEx		23		5,417

The accompanying notes are an integral part of the financial statements.

232

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Fortive		29	$	2,196
Fortune Brands Home & Security		13		1,318
Generac Holdings ^*		5		2,493
General Dynamics		22		4,460
General Electric		101		10,592
Honeywell International		65		14,210
Howmet Aerospace		39		1,158
Huntington Ingalls Industries		4		811
IDEX		9		2,003
IHS Markit		37		4,837
Illinois Tool Works		26		5,925
Ingersoll Rand		39		2,097
Jacobs Engineering Group		13		1,825
JB Hunt Transport Services		9		1,775
Johnson Controls International		65		4,769
Kansas City Southern		9		2,792
L3Harris Technologies		19		4,380
Leidos Holdings		13		1,300
Lockheed Martin		23		7,643
Masco		26		1,704
Nielsen Holdings		29		587
Norfolk Southern		23		6,740
Northrop Grumman		13		4,644
Old Dominion Freight Line		10		3,413
Otis Worldwide		39		3,132
PACCAR		26		2,330
Parker-Hannifin		13		3,856
Pentair		13		962
Quanta Services		13		1,577
Raytheon Technologies		139		12,352
Republic Services, Cl A		18		2,423
Robert Half International		13		1,470
Rockwell Automation		11		3,513

The accompanying notes are an integral part of the financial statements.

233

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Rollins		16	$	564
Roper Technologies		10		4,879
Snap-On		5		1,016
Southwest Airlines ^*		52		2,459
Stanley Black & Decker		13		2,336
Textron		16		1,182
Trane Technologies		23		4,161
TransDigm Group ^*		4		2,495
Union Pacific		61		14,725
United Airlines Holdings ^*		26		1,200
United Parcel Service, Cl B		65		13,876
United Rentals ^*		9		3,412
Verisk Analytics, Cl A		13		2,733
Waste Management		39		6,249
Westinghouse Air Brake Technologies		13		1,179
WW Grainger		4		1,852
Xylem		13		1,698
				290,302

Information Technology — 27.7%
Accenture, Cl A		58		20,810
Adobe ^*		43		27,966
Advanced Micro Devices ^*		113		13,586
Akamai Technologies ^*		13		1,371
Amphenol, Cl A		52		3,992
Analog Devices		51		8,848
ANSYS ^*		10		3,796
Apple		1,443		216,161
Applied Materials		82		11,205
Arista Networks ^*		5		2,048
Autodesk ^*		22		6,987
Automatic Data Processing		39		8,755
Broadcom		38		20,203
Broadridge Financial Solutions		13		2,319

The accompanying notes are an integral part of the financial statements.

234

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Cadence Design Systems ^*		26	$	4,501
CDW		13		2,426
Ceridian HCM Holding ^*		12		1,503
Cisco Systems		388		21,716
Citrix Systems		13		1,232
Cognizant Technology Solutions, Cl A		49		3,826
Corning		65		2,312
DXC Technology ^*		26		847
Enphase Energy ^*		13		3,011
F5 Networks ^*		4		845
Fidelity National Information Services		52		5,759
Fiserv ^*		52		5,121
FleetCor Technologies ^*		9		2,227
Fortinet ^*		13		4,372
Gartner ^*		9		2,987
Global Payments		26		3,718
Hewlett Packard Enterprise		117		1,714
HP		104		3,154
Intel		381		18,669
International Business Machines		78		9,758
Intuit		26		16,276
IPG Photonics ^*		4		636
Jack Henry & Associates		8		1,332
Juniper Networks		26		768
Keysight Technologies ^*		16		2,880
KLA		13		4,846
Lam Research		13		7,326
Mastercard, Cl A		81		27,177
Microchip Technology		52		3,853
Micron Technology		103		7,117
Microsoft		690		228,818
Monolithic Power Systems		3		1,576
Motorola Solutions		15		3,729

The accompanying notes are an integral part of the financial statements.

235

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
NetApp		22	$	1,965
NortonLifeLock		52		1,323
NVIDIA		230		58,804
Oracle		156		14,967
Paychex		26		3,205
Paycom Software ^*		4		2,191
PayPal Holdings ^*		107		24,887
PTC ^*		13		1,656
Qorvo ^*		13		2,187
QUALCOMM		106		14,102
salesforce.com ^*		91		27,272
Seagate Technology Holdings		13		1,158
ServiceNow ^*		17		11,862
Skyworks Solutions		13		2,173
Synopsys ^*		13		4,331
TE Connectivity		29		4,234
Teledyne Technologies ^*		4		1,797
Teradyne		13		1,797
Texas Instruments		88		16,498
Trimble ^*		26		2,272
Tyler Technologies ^*		3		1,630
VeriSign ^*		10		2,227
Visa, Cl A		155		32,824
Western Digital ^*		26		1,360
Western Union		39		711
Xilinx		26		4,680
Zebra Technologies, Cl A ^*		4		2,136
				998,328

Materials — 2.1%
Air Products & Chemicals		23		6,896
Albemarle		13		3,256
Amcor		133		1,605
Avery Dennison		9		1,959

The accompanying notes are an integral part of the financial statements.

236

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
Ball		26	$	2,378
Celanese, Cl A		13		2,100
CF Industries Holdings		16		909
Corteva		65		2,805
Dow		65		3,638
DuPont de Nemours		52		3,619
Eastman Chemical		13		1,352
Ecolab		24		5,333
FMC		13		1,183
Freeport-McMoRan		130		4,904
International Flavors & Fragrances		26		3,834
International Paper		39		1,937
LyondellBasell Industries, Cl A		26		2,413
Martin Marietta Materials		5		1,964
Mosaic		26		1,081
Newmont		68		3,672
Nucor		26		2,903
Packaging Corp of America		10		1,374
PPG Industries		23		3,693
Sealed Air		13		771
Sherwin-Williams		23		7,282
Sylvamo ^*		0		—
Vulcan Materials		13		2,472
Westrock		26		1,251
				76,584

Real Estate — 2.5%
Alexandria Real Estate Equities ^‡		13		2,654
American Tower, Cl A ^‡		41		11,561
AvalonBay Communities ^‡		13		3,077
Boston Properties ^‡		13		1,477
CBRE Group, Cl A ^*		26		2,706
Crown Castle International ^‡		39		7,032
Digital Realty Trust ^‡		26		4,103

The accompanying notes are an integral part of the financial statements.

237

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Duke Realty ^‡		29	$	1,631
Equinix ^‡		9		7,534
Equity Residential ^‡		26		2,246
Essex Property Trust ^‡		5		1,700
Extra Space Storage ^‡		13		2,566
Federal Realty Investment Trust ^‡		5		602
Healthpeak Properties ^‡		52		1,846
Host Hotels & Resorts ^{‡ *}		65		1,094
Iron Mountain ^‡		26		1,187
Kimco Realty ^‡		52		1,175
Mid-America Apartment Communities ^‡		13		2,655
ProLogis ^‡		65		9,422
Public Storage ^‡		13		4,318
Realty Income ^‡		36		2,571
Regency Centers ^‡		13		915
SBA Communications, Cl A ^‡		11		3,799
Simon Property Group ^‡		26		3,811
UDR ^‡		26		1,444
Ventas ^‡		29		1,548
Vornado Realty Trust ^‡		13		554
Welltower ^‡		39		3,135
Weyerhaeuser ^‡		65		2,322
				90,685

Utilities — 2.3%
AES		55		1,382
Alliant Energy		26		1,471
Ameren		26		2,192
American Electric Power		47		3,981
American Water Works		16		2,787
Atmos Energy		13		1,198
CenterPoint Energy		52		1,354
CMS Energy		26		1,569
Consolidated Edison		26		1,960

The accompanying notes are an integral part of the financial statements.

238

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Tail Risk ETF

	Shares/Number of Contracts		Value
COMMON STOCK — continued
Utilities — continued
Dominion Energy		75	$	5,695
DTE Energy		13		1,474
Duke Energy		65		6,631
Edison International		29		1,825
Entergy		17		1,751
Evergy		26		1,657
Eversource Energy		26		2,207
Exelon		90		4,787
FirstEnergy		52		2,004
NextEra Energy		180		15,359
NiSource		39		962
NRG Energy		26		1,037
Pinnacle West Capital		13		838
PPL		65		1,872
Public Service Enterprise Group		42		2,680
Sempra Energy		26		3,318
Southern		91		5,671
WEC Energy Group		26		2,342
Xcel Energy		52		3,359
				83,363

TOTAL UNITED STATES				3,559,354
TOTAL COMMON STOCK
(Cost $3,469,379)				3,579,898
TOTAL INVESTMENTS — 99.3%
(Cost $3,469,379)			$	3,579,898

PURCHASED OPTION— 0.3%⁽¹⁾
UNITED STATES— 0.3%
(Cost $43,527)		77	$	10,819

Percentages are based on Net Assets of $3,604,123.

The accompanying notes are an integral part of the financial statements.

239

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Tail Risk ETF

A list of the exchange traded option contracts held by the Fund at October 31, 2021, is as follows:

Description	Number of Contracts		Cost+		Exercise Price		Expiration Date	Value
PURCHASED OPTION — 0.3%
Put Options
XSP*		77	$	43,527	$	400.00	12/17/21	$	10,819

Cl — Class

S&P — Standard & Poor’s

XSP — iShares Core S&P 500 Index ETF

+	Notional amount for all options totals $3,546,158.
*	Non-income producing security.
‡	Real Estate Investment Trust
(1)	Refer to table below for details on Options Contracts.

The following is a summary of the level of inputs used as of October 31, 2021, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	3,579,898	$	—	$	—	$	3,579,898
Total Investments in Securities	$	3,579,898	$	—	$	—	$	3,579,898

Other Financial Instruments	Level 1		Level 2		Level 3		Total
Purchased Option	$	10,819	$	—	$	—	$	10,819
Total Other Financial Instruments	$	10,819	$	—	$	—	$	10,819

For the year ended October 31, 2021, there have been no transfers in or out of Level 3.

Amounts designated as “—“ are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

240

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Risk Managed Income ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments.

	Shares		Value
COMMON STOCK — 103.1% (A)
CHINA — 0.2%
Information Technology — 0.2%
NXP Semiconductors		44	$	8,838

UNITED KINGDOM — 0.4%
Materials — 0.4%
Linde		81		25,855

UNITED STATES — 102.5%
Communication Services — 11.2%
Activision Blizzard		122		9,539
Alphabet, Cl A ^*		47		139,163
Alphabet, Cl C ^*		44		130,478
AT&T		1,132		28,594
Charter Communications, Cl A ^*		21		14,173
Comcast, Cl A		726		37,338
Discovery, Cl A ^*		22		516

The accompanying notes are an integral part of the financial statements.

241

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Discovery, Cl C ^*		44	$	993
DISH Network, Cl A ^*		44		1,807
Electronic Arts		44		6,171
Fox, Cl A		44		1,749
Fox, Cl B		22		813
Interpublic Group		66		2,414
Live Nation Entertainment ^*		22		2,225
Lumen Technologies		154		1,827
Match Group ^*		44		6,634
Meta Platforms, Cl A ^*		372		120,368
Netflix ^*		68		46,941
News, Cl A		66		1,511
News, Cl B		22		496
Omnicom Group		34		2,315
Take-Two Interactive Software ^*		22		3,982
T-Mobile US ^*		88		10,123
Twitter ^*		122		6,532
Verizon Communications		649		34,391
ViacomCBS, Cl B		88		3,187
Walt Disney		287		48,523
				662,803

Consumer Discretionary — 13.2%
Advance Auto Parts		9		2,030
Amazon.com ^*		68		229,325
Aptiv ^*		44		7,607
AutoZone ^*		3		5,355
Bath & Body Works		44		3,040
Best Buy		40		4,890
Booking Holdings ^*		6		14,525
BorgWarner		44		1,983
Caesars Entertainment ^*		39		4,269
CarMax ^*		22		3,012
Carnival ^*		122		2,704

The accompanying notes are an integral part of the financial statements.

242

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Chipotle Mexican Grill, Cl A ^*		4	$	7,116
Darden Restaurants		22		3,171
Dollar General		41		9,082
Dollar Tree ^*		44		4,741
Domino’s Pizza		5		2,445
DR Horton		44		3,928
eBay		100		7,672
Etsy ^*		22		5,515
Expedia Group ^*		22		3,617
Ford Motor		596		10,180
Gap		34		771
Garmin		22		3,159
General Motors ^*		224		12,192
Genuine Parts		22		2,884
Hanesbrands		44		750
Hasbro		22		2,107
Hilton Worldwide Holdings ^*		44		6,334
Home Depot		166		61,709
Las Vegas Sands ^*		44		1,708
Leggett & Platt		22		1,031
Lennar, Cl A		44		4,397
LKQ		44		2,424
Lowe’s		110		25,720
Marriott International, Cl A ^*		44		7,041
McDonald’s		113		27,747
MGM Resorts International		66		3,113
Mohawk Industries ^*		4		709
Newell Brands		56		1,282
NIKE, Cl B		201		33,625
Norwegian Cruise Line Holdings ^*		56		1,440
O’Reilly Automotive ^*		10		6,223
Penn National Gaming ^*		22		1,575
Pool		6		3,091

The accompanying notes are an integral part of the financial statements.

243

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
PulteGroup		44	$	2,116
PVH		17		1,859
Ralph Lauren, Cl A		3		381
Ross Stores		62		7,018
Royal Caribbean Cruises ^*		40		3,377
Starbucks		176		18,668
Tapestry		44		1,715
Target		78		20,250
Tesla ^*		127		141,478
TJX		188		12,312
Tractor Supply		22		4,778
Ulta Beauty ^*		8		2,939
Under Armour, Cl A ^*		22		483
Under Armour, Cl C ^*		22		415
VF		44		3,207
Whirlpool		6		1,265
Wynn Resorts ^*		22		1,976
Yum! Brands		44		5,497
				776,973

Consumer Staples — 5.8%
Altria Group		288		12,704
Archer-Daniels-Midland		88		5,653
Brown-Forman, Cl B		22		1,494
Campbell Soup		22		879
Church & Dwight		44		3,844
Clorox		22		3,586
Coca-Cola		616		34,724
Colgate-Palmolive		132		10,057
Conagra Brands		66		2,125
Constellation Brands, Cl A		26		5,637
Costco Wholesale		68		33,425
Estee Lauder, Cl A		37		12,000
General Mills		88		5,438

The accompanying notes are an integral part of the financial statements.

244

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Hershey		22	$	3,858
Hormel Foods		44		1,862
J M Smucker		22		2,703
Kellogg		44		2,697
Kimberly-Clark		48		6,216
Kraft Heinz		100		3,589
Kroger		110		4,402
Lamb Weston Holdings		22		1,242
McCormick		44		3,530
Molson Coors Beverage, Cl B		22		970
Mondelez International, Cl A		220		13,363
Monster Beverage ^*		63		5,355
PepsiCo		220		35,552
Philip Morris International		246		23,257
Procter & Gamble		378		54,050
Sysco		78		5,998
Tyson Foods, Cl A		44		3,519
Walgreens Boots Alliance		110		5,172
Walmart		220		32,872
				341,773

Energy — 2.9%
APA		56		1,468
Baker Hughes, Cl A		122		3,060
Chevron		306		35,034
ConocoPhillips		208		15,494
Coterra Energy		126		2,686
Devon Energy		88		3,527
Diamondback Energy		22		2,358
EOG Resources		88		8,136
Exxon Mobil		667		43,001
Halliburton		132		3,299
Hess		44		3,633
Kinder Morgan		298		4,992

The accompanying notes are an integral part of the financial statements.

245

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Marathon Oil		122	$	1,991
Marathon Petroleum		100		6,593
Occidental Petroleum		132		4,426
ONEOK		66		4,199
Phillips 66		66		4,935
Pioneer Natural Resources		40		7,479
Schlumberger		210		6,775
Valero Energy		66		5,104
Williams		188		5,281
				173,471

Financials — 11.7%
Aflac		88		4,723
Allstate		44		5,441
American Express		101		17,552
American International Group		132		7,800
Ameriprise Financial		20		6,043
Aon, Cl A		36		11,517
Arthur J Gallagher		27		4,527
Assurant		4		645
Bank of America		1,164		55,616
Bank of New York Mellon		122		7,222
Berkshire Hathaway, Cl B ^*		289		82,946
BlackRock, Cl A		22		20,756
Brown & Brown		41		2,588
Capital One Financial		66		9,968
Cboe Global Markets		22		2,903
Charles Schwab		239		19,605
Chubb		66		12,895
Cincinnati Financial		22		2,672
Citigroup		308		21,301
Citizens Financial Group		66		3,127
CME Group, Cl A		57		12,571
Comerica		22		1,872

The accompanying notes are an integral part of the financial statements.

246

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Discover Financial Services		44	$	4,986
Everest Re Group		4		1,046
Fifth Third Bancorp		110		4,788
First Republic Bank		25		5,408
Franklin Resources		44		1,386
Globe Life		22		1,958
Goldman Sachs Group		52		21,494
Hartford Financial Services Group		44		3,209
Huntington Bancshares		220		3,463
Intercontinental Exchange		88		12,185
Invesco		44		1,118
JPMorgan Chase		466		79,169
KeyCorp		144		3,351
Lincoln National		22		1,587
Loews		22		1,234
M&T Bank		22		3,237
MarketAxess Holdings		5		2,043
Marsh & McLennan		80		13,344
MetLife		110		6,908
Moody’s		24		9,700
Morgan Stanley		220		22,612
MSCI, Cl A		14		9,308
Nasdaq		22		4,617
Northern Trust		27		3,322
People’s United Financial		66		1,131
PNC Financial Services Group		66		13,928
Principal Financial Group		44		2,952
Progressive		88		8,349
Prudential Financial		66		7,263
Raymond James Financial		27		2,662
Regions Financial		144		3,410
S&P Global		38		18,018
State Street		58		5,716

The accompanying notes are an integral part of the financial statements.

247

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
SVB Financial Group ^*		8	$	5,739
Synchrony Financial		88		4,088
T Rowe Price Group		36		7,808
Travelers		44		7,079
Truist Financial		198		12,567
US Bancorp		210		12,678
W R Berkley		22		1,751
Wells Fargo		633		32,384
Willis Towers Watson		22		5,330
Zions Bancorp		22		1,386
				690,002

Health Care — 13.4%
Abbott Laboratories		283		36,476
AbbVie		282		32,337
ABIOMED ^*		6		1,992
Agilent Technologies		44		6,930
Align Technology ^*		12		7,492
AmerisourceBergen, Cl A		22		2,684
Amgen		88		18,213
Anthem		38		16,535
Baxter International		84		6,633
Becton Dickinson		44		10,542
Biogen ^*		22		5,867
Bio-Rad Laboratories, Cl A ^*		2		1,589
Bio-Techne		5		2,618
Boston Scientific ^*		222		9,575
Bristol-Myers Squibb		351		20,498
Cardinal Health		44		2,104
Catalent ^*		22		3,033
Centene ^*		88		6,269
Cerner		44		3,269
Charles River Laboratories International ^*		7		3,141
Cigna		50		10,681

The accompanying notes are an integral part of the financial statements.

248

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Cooper		7	$	2,918
CVS Health		198		17,677
Danaher		98		30,554
DaVita ^*		5		516
DENTSPLY SIRONA		34		1,945
Dexcom ^*		16		9,971
Edwards Lifesciences ^*		93		11,143
Eli Lilly		124		31,590
Gilead Sciences		198		12,846
HCA Healthcare		42		10,519
Henry Schein ^*		22		1,680
Hologic ^*		44		3,226
Humana		22		10,190
IDEXX Laboratories ^*		14		9,326
Illumina ^*		22		9,131
Incyte ^*		22		1,474
Intuitive Surgical ^*		56		20,223
IQVIA Holdings ^*		27		7,058
Johnson & Johnson		413		67,269
Laboratory Corp of America Holdings ^*		16		4,592
McKesson		22		4,573
Medtronic		216		25,890
Merck		397		34,956
Mettler-Toledo International ^*		3		4,443
Moderna ^*		54		18,641
Organon		44		1,617
PerkinElmer		22		3,892
Pfizer		886		38,754
Quest Diagnostics	��	22		3,229
Regeneron Pharmaceuticals ^*		17		10,879
ResMed		22		5,784
STERIS		19		4,441
Stryker		51		13,570

The accompanying notes are an integral part of the financial statements.

249

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Teleflex		7	$	2,499
Thermo Fisher Scientific		62		39,250
UnitedHealth Group		147		67,689
Universal Health Services, Cl B		17		2,110
Vertex Pharmaceuticals ^*		44		8,137
Viatris, Cl W ^*		188		2,510
Waters ^*		9		3,308
West Pharmaceutical Services		12		5,159
Zimmer Biomet Holdings		27		3,864
Zoetis, Cl A		70		15,134
				792,655

Industrials — 8.3%
3M		88		15,724
Alaska Air Group ^*		22		1,162
Allegion		18		2,309
American Airlines Group ^*		100		1,920
AMETEK		41		5,428
AO Smith		22		1,608
Boeing ^*		88		18,219
Carrier Global		134		6,999
Caterpillar		88		17,953
CH Robinson Worldwide		22		2,134
Cintas		14		6,063
Copart ^*		39		6,056
CSX		342		12,370
Cummins		22		5,276
Deere		44		15,062
Delta Air Lines ^*		100		3,913
Dover		22		3,720
Eaton		66		10,874
Emerson Electric		88		8,537
Equifax		22		6,103
Expeditors International of Washington		22		2,712

The accompanying notes are an integral part of the financial statements.

250

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Fastenal		88	$	5,023
FedEx		42		9,892
Fortive		56		4,240
Fortune Brands Home & Security		22		2,231
Generac Holdings ^*		9		4,487
General Dynamics		37		7,502
General Electric		175		18,352
Honeywell International		110		24,048
Howmet Aerospace		66		1,960
Huntington Ingalls Industries		4		811
IDEX		13		2,893
IHS Markit		65		8,497
Illinois Tool Works		44		10,026
Ingersoll Rand		66		3,548
Jacobs Engineering Group		22		3,089
JB Hunt Transport Services		18		3,549
Johnson Controls International		110		8,071
Kansas City Southern		15		4,654
L3Harris Technologies		28		6,455
Leidos Holdings		22		2,200
Lockheed Martin		39		12,961
Masco		44		2,884
Nielsen Holdings		56		1,134
Norfolk Southern		39		11,429
Northrop Grumman		22		7,859
Old Dominion Freight Line		15		5,120
Otis Worldwide		66		5,300
PACCAR		44		3,943
Parker-Hannifin		22		6,525
Pentair		22		1,627
Quanta Services		22		2,668
Raytheon Technologies		240		21,326
Republic Services, Cl A		27		3,634

The accompanying notes are an integral part of the financial statements.

251

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Robert Half International		22	$	2,488
Rockwell Automation		20		6,388
Rollins		34		1,198
Roper Technologies		17		8,294
Snap-On		5		1,016
Southwest Airlines ^*		88		4,161
Stanley Black & Decker		22		3,954
Textron		34		2,511
Trane Technologies		41		7,418
TransDigm Group ^*		7		4,367
Union Pacific		102		24,623
United Airlines Holdings ^*		44		2,030
United Parcel Service, Cl B		110		23,482
United Rentals ^*		12		4,549
Verisk Analytics, Cl A		22		4,626
Waste Management		61		9,774
Westinghouse Air Brake Technologies		22		1,996
WW Grainger		6		2,779
Xylem		22		2,873
				490,607

Information Technology — 28.7%
Accenture, Cl A		98		35,161
Adobe ^*		73		47,476
Advanced Micro Devices ^*		195		23,445
Akamai Technologies ^*		22		2,320
Amphenol, Cl A		88		6,756
Analog Devices		87		15,094
ANSYS ^*		14		5,314
Apple		2,445		366,261
Applied Materials		137		18,721
Arista Networks ^*		8		3,277
Autodesk ^*		35		11,116
Automatic Data Processing		66		14,816

The accompanying notes are an integral part of the financial statements.

252

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Broadcom		64	$	34,027
Broadridge Financial Solutions		22		3,925
Cadence Design Systems ^*		44		7,617
CDW		22		4,106
Ceridian HCM Holding ^*		22		2,755
Cisco Systems		666		37,276
Citrix Systems		22		2,084
Cognizant Technology Solutions, Cl A		86		6,716
Corning		110		3,913
DXC Technology ^*		44		1,433
Enphase Energy ^*		22		5,096
F5 Networks ^*		8		1,689
Fidelity National Information Services		92		10,188
Fiserv ^*		88		8,667
FleetCor Technologies ^*		14		3,464
Fortinet ^*		22		7,399
Gartner ^*		14		4,647
Global Payments		44		6,292
Hewlett Packard Enterprise		198		2,901
HP		188		5,702
Intel		641		31,409
International Business Machines		136		17,014
Intuit		44		27,544
IPG Photonics ^*		4		636
Jack Henry & Associates		17		2,830
Juniper Networks		44		1,299
Keysight Technologies ^*		25		4,500
KLA		22		8,201
Lam Research		22		12,398
Mastercard, Cl A		134		44,960
Microchip Technology		88		6,520
Micron Technology		177		12,231
Microsoft		1,168		387,332

The accompanying notes are an integral part of the financial statements.

253

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Monolithic Power Systems		6	$	3,153
Motorola Solutions		26		6,463
NetApp		40		3,572
NortonLifeLock		88		2,240
NVIDIA		391		99,967
Oracle		264		25,328
Paychex		44		5,424
Paycom Software ^*		7		3,835
PayPal Holdings ^*		182		42,331
PTC ^*		22		2,802
Qorvo ^*		22		3,701
QUALCOMM		178		23,681
salesforce.com ^*		154		46,152
Seagate Technology Holdings		22		1,960
ServiceNow ^*		30		20,933
Skyworks Solutions		22		3,677
Synopsys ^*		22		7,330
TE Connectivity		50		7,300
Teledyne Technologies ^*		7		3,145
Teradyne		22		3,041
Texas Instruments		145		27,185
Trimble ^*		44		3,844
Tyler Technologies ^*		6		3,259
VeriSign ^*		19		4,231
Visa, Cl A		262		55,484
Western Digital ^*		44		2,301
Western Union		66		1,202
Xilinx		39		7,020
Zebra Technologies, Cl A ^*		8		4,272
				1,691,361

Materials — 2.2%
Air Products & Chemicals		35		10,493
Albemarle		22		5,510

The accompanying notes are an integral part of the financial statements.

254

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
Amcor		232	$	2,800
Avery Dennison		14		3,048
Ball		44		4,025
Celanese, Cl A		22		3,553
CF Industries Holdings		34		1,931
Corteva		110		4,747
Dow		110		6,157
DuPont de Nemours		85		5,916
Eastman Chemical		22		2,289
Ecolab		42		9,333
FMC		22		2,002
Freeport-McMoRan		220		8,299
International Flavors & Fragrances		44		6,488
International Paper		66		3,278
LyondellBasell Industries, Cl A		44		4,084
Martin Marietta Materials		9		3,536
Mosaic		44		1,829
Newmont		122		6,588
Nucor		44		4,913
Packaging Corp of America		19		2,610
PPG Industries		41		6,583
Sealed Air		22		1,305
Sherwin-Williams		38		12,031
Sylvamo ^*		0		—
Vulcan Materials		22		4,183
Westrock		44		2,116
				129,647

Real Estate — 2.6%
Alexandria Real Estate Equities ^‡		22		4,491
American Tower, Cl A ^‡		69		19,456
AvalonBay Communities ^‡		22		5,207
Boston Properties ^‡		22		2,500
CBRE Group, Cl A ^*		44		4,579

The accompanying notes are an integral part of the financial statements.

255

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Crown Castle International ^‡		66	$	11,900
Digital Realty Trust ^‡		44		6,944
Duke Realty ^‡		56		3,149
Equinix ^‡		15		12,556
Equity Residential ^‡		44		3,802
Essex Property Trust ^‡		9		3,059
Extra Space Storage ^‡		22		4,342
Federal Realty Investment Trust ^‡		5		602
Healthpeak Properties ^‡		88		3,125
Host Hotels & Resorts ^{‡ *}		110		1,851
Iron Mountain ^‡		44		2,008
Kimco Realty ^‡		88		1,989
Mid-America Apartment Communities ^‡		22		4,493
ProLogis ^‡		110		15,946
Public Storage ^‡		22		7,308
Realty Income ^‡		64		4,571
Regency Centers ^‡		22		1,549
SBA Communications, Cl A ^‡		17		5,871
Simon Property Group ^‡		50		7,329
UDR ^‡		44		2,443
Ventas ^‡		56		2,989
Vornado Realty Trust ^‡		22		938
Welltower ^‡		66		5,306
Weyerhaeuser ^‡		110		3,929
				154,232

Utilities — 2.5%
AES		100		2,513
Alliant Energy		44		2,489
Ameren		44		3,709
American Electric Power		84		7,116
American Water Works		25		4,354
Atmos Energy		22		2,027
CenterPoint Energy		88		2,291

The accompanying notes are an integral part of the financial statements.

256

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Utilities — continued
CMS Energy		44	$	2,655
Consolidated Edison		56		4,222
Dominion Energy		130		9,871
DTE Energy		26		2,947
Duke Energy		115		11,731
Edison International		56		3,524
Entergy		30		3,091
Evergy		44		2,805
Eversource Energy		44		3,736
Exelon		154		8,191
FirstEnergy		88		3,391
NextEra Energy		308		26,282
NiSource		66		1,628
NRG Energy		44		1,755
Pinnacle West Capital		22		1,419
PPL		110		3,168
Public Service Enterprise Group		78		4,976
Sempra Energy		44		5,616
Southern		164		10,220
WEC Energy Group		44		3,963
Xcel Energy		88		5,684
				145,374

TOTAL UNITED STATES				6,048,898
TOTAL COMMON STOCK
(Cost $5,893,983)				6,083,591
TOTAL INVESTMENTS — 103.1%
(Cost $5,893,983)			$	6,083,591

The accompanying notes are an integral part of the financial statements.

257

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Risk Managed Income ETF

	Number of Contracts			Value
PURCHASED OPTION— 0.2%⁽¹⁾
UNITED STATES— 0.2%
(Cost $35,039)		132		$	11,286
WRITTEN OPTION— (3.5)%⁽¹⁾
UNITED STATES— (3.5)%
(Premiums Received ($90,624))		(132	)	$	(206,118	)

Percentages are based on Net Assets of $5,901,592.

A list of the exchange traded option contracts held by the Fund at October 31, 2021, is as follows:

Description	Number of Contracts			Cost+			Exercise Price		Expiration Date	Value
PURCHASED OPTION — 0.2%
Put Options
XSP*		132		$	35,039		$	425.00	11/19/21	$	11,286

WRITTEN OPTION — (3.5)%
Call Options
XSP*		(132	)	$	(90,624	)		447.00	11/19/21	$	(206,118	)

+	Notional amount for purchased options totals $6,079,128.
+	Notional amount for written options totals $(6,079,128).
*	Non-income producing security.
‡	Real Estate Investment Trust
(1)	Refer to table below for details on Options Contracts.
(A)	All or a portion of these securities has been segregated as collateral for writtenoptions contracts. The aggregate market value of collateral at October 31, 2021 was$6,083,591.

Cl — Class

S&P — Standard & Poor’s

XSP — iShares Core S&P 500 Index ETF

The accompanying notes are an integral part of the financial statements.

258

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Risk Managed Income ETF

The following is a summary of the level of inputs used as of October 31, 2021, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	6,083,591	$	—	$	—	$	6,083,591
Total Investments in Securities	$	6,083,591	$	—	$	—	$	6,083,591

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Purchased Option	$	11,286		$	—	$	—	$	11,286
Written Option		(206,118	)		—		—		(206,118	)
Total Other Financial Instruments	$	(194,832	)	$	—	$	—	$	(194,832	)

For the year ended October 31, 2021, there have been no transfers in or out of Level 3.

Amounts designated as “—“ are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

259

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Collar 95-110 ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments.

	Shares		Value
COMMON STOCK — 99.2% (A)
CHINA — 0.2%
Information Technology — 0.2%
NXP Semiconductors		24	$	4,821

UNITED KINGDOM — 0.4%
Materials — 0.4%
Linde		44		14,045

UNITED STATES — 98.6%
Communication Services — 10.8%
Activision Blizzard		60		4,691
Alphabet, Cl A ^*		25		74,023
Alphabet, Cl C ^*		24		71,170
AT&T		600		15,156
Charter Communications, Cl A ^*		11		7,424
Comcast, Cl A		385		19,801
Discovery, Cl A ^*		12		281

The accompanying notes are an integral part of the financial statements.

260

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Discovery, Cl C ^*		24	$	541
DISH Network, Cl A ^*		24		986
Electronic Arts		24		3,366
Fox, Cl A		24		954
Fox, Cl B		12		443
Interpublic Group		36		1,317
Live Nation Entertainment ^*		12		1,214
Lumen Technologies		84		996
Match Group ^*		23		3,468
Meta Platforms, Cl A ^*		201		65,038
Netflix ^*		37		25,541
News, Cl A		36		824
News, Cl B		12		271
Omnicom Group		14		953
Take-Two Interactive Software ^*		12		2,172
T-Mobile US ^*		48		5,521
Twitter ^*		62		3,319
Verizon Communications		348		18,441
ViacomCBS, Cl B		48		1,739
Walt Disney		153		25,868
				355,518

Consumer Discretionary — 12.6%
Advance Auto Parts		4		902
Amazon.com ^*		37		124,780
Aptiv ^*		24		4,149
AutoZone ^*		1		1,785
Bath & Body Works		24		1,658
Best Buy		20		2,445
Booking Holdings ^*		3		7,262
BorgWarner		24		1,082
Caesars Entertainment ^*		17		1,861
CarMax ^*		12		1,643
Carnival ^*		62		1,374

The accompanying notes are an integral part of the financial statements.

261

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Chipotle Mexican Grill, Cl A ^*		2	$	3,558
Darden Restaurants		12		1,730
Dollar General		20		4,430
Dollar Tree ^*		24		2,586
Domino’s Pizza		3		1,467
DR Horton		24		2,142
eBay		55		4,220
Etsy ^*		12		3,008
Expedia Group ^*		12		1,973
Ford Motor		316		5,397
Gap		14		318
Garmin		12		1,723
General Motors ^*		121		6,586
Genuine Parts		12		1,573
Hanesbrands		24		409
Hasbro		12		1,149
Hilton Worldwide Holdings ^*		24		3,455
Home Depot		89		33,085
Las Vegas Sands ^*		24		931
Leggett & Platt		12		562
Lennar, Cl A		24		2,398
LKQ		24		1,322
Lowe’s		60		14,029
Marriott International, Cl A ^*		24		3,840
McDonald’s		62		15,224
MGM Resorts International		36		1,698
Mohawk Industries ^*		4		709
Newell Brands		26		595
NIKE, Cl B		108		18,067
Norwegian Cruise Line Holdings ^*		26		669
O’Reilly Automotive ^*		5		3,112
Penn National Gaming ^*		12		859
Pool		3		1,545

The accompanying notes are an integral part of the financial statements.

262

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
PulteGroup		24	$	1,154
PVH		7		765
Ralph Lauren, Cl A		3		382
Ross Stores		31		3,509
Royal Caribbean Cruises ^*		19		1,604
Starbucks		96		10,183
Tapestry		24		936
Target		42		10,904
Tesla ^*		69		76,866
TJX		96		6,287
Tractor Supply		10		2,172
Ulta Beauty ^*		4		1,469
Under Armour, Cl A ^*		12		264
Under Armour, Cl C ^*		12		227
VF		24		1,749
Whirlpool		5		1,054
Wynn Resorts ^*		12		1,078
Yum! Brands		24		2,999
				416,912

Consumer Staples — 5.6%
Altria Group		155		6,837
Archer-Daniels-Midland		48		3,084
Brown-Forman, Cl B		12		815
Campbell Soup		12		479
Church & Dwight		24		2,097
Clorox		12		1,956
Coca-Cola		326		18,377
Colgate-Palmolive		72		5,486
Conagra Brands		36		1,159
Constellation Brands, Cl A		12		2,602
Costco Wholesale		37		18,187
Estee Lauder, Cl A		20		6,487
General Mills		48		2,966

The accompanying notes are an integral part of the financial statements.

263

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Hershey		12	$	2,104
Hormel Foods		24		1,016
J M Smucker		12		1,474
Kellogg		24		1,471
Kimberly-Clark		27		3,496
Kraft Heinz		50		1,795
Kroger		60		2,401
Lamb Weston Holdings		12		677
McCormick		24		1,926
Molson Coors Beverage, Cl B		12		529
Mondelez International, Cl A		118		7,167
Monster Beverage ^*		32		2,720
PepsiCo		117		18,907
Philip Morris International		131		12,385
Procter & Gamble		204		29,170
Sysco		44		3,384
Tyson Foods, Cl A		24		1,919
Walgreens Boots Alliance		60		2,821
Walmart		120		17,930
				183,824

Energy — 2.8%
APA		26		681
Baker Hughes, Cl A		62		1,555
Chevron		163		18,662
ConocoPhillips		108		8,045
Coterra Energy		36		767
Devon Energy		48		1,924
Diamondback Energy		12		1,286
EOG Resources		48		4,438
Exxon Mobil		357		23,016
Halliburton		72		1,799
Hess		24		1,982
Kinder Morgan		158		2,646

The accompanying notes are an integral part of the financial statements.

264

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Marathon Oil		62	$	1,012
Marathon Petroleum		48		3,165
Occidental Petroleum		72		2,414
ONEOK		36		2,290
Phillips 66		36		2,692
Pioneer Natural Resources		20		3,740
Schlumberger		110		3,549
Valero Energy		36		2,784
Williams		98		2,753
				91,200

Financials — 11.3%
Aflac		48		2,576
Allstate		24		2,968
American Express		55		9,558
American International Group		72		4,255
Ameriprise Financial		10		3,021
Aon, Cl A		21		6,718
Arthur J Gallagher		16		2,683
Assurant		4		645
Bank of America		623		29,767
Bank of New York Mellon		62		3,670
Berkshire Hathaway, Cl B ^*		156		44,774
BlackRock, Cl A		12		11,322
Brown & Brown		20		1,262
Capital One Financial		36		5,437
Cboe Global Markets		12		1,583
Charles Schwab		122		10,008
Chubb		36		7,034
Cincinnati Financial		12		1,457
Citigroup		168		11,619
Citizens Financial Group		36		1,706
CME Group, Cl A		33		7,278
Comerica		12		1,021

The accompanying notes are an integral part of the financial statements.

265

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Discover Financial Services		24	$	2,720
Everest Re Group		4		1,046
Fifth Third Bancorp		60		2,612
First Republic Bank		14		3,029
Franklin Resources		24		756
Globe Life		12		1,068
Goldman Sachs Group		28		11,574
Hartford Financial Services Group		24		1,750
Huntington Bancshares		120		1,889
Intercontinental Exchange		48		6,646
Invesco		24		610
JPMorgan Chase		252		42,812
KeyCorp		74		1,722
Lincoln National		12		866
Loews		12		673
M&T Bank		12		1,765
MarketAxess Holdings		3		1,226
Marsh & McLennan		46		7,673
MetLife		60		3,768
Moody’s		13		5,254
Morgan Stanley		120		12,334
MSCI, Cl A		8		5,319
Nasdaq		12		2,518
Northern Trust		16		1,969
People’s United Financial		36		617
PNC Financial Services Group		36		7,597
Principal Financial Group		24		1,610
Progressive		48		4,554
Prudential Financial		36		3,962
Raymond James Financial		17		1,676
Regions Financial		74		1,752
S&P Global		21		9,957
State Street		24		2,365

The accompanying notes are an integral part of the financial statements.

266

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
SVB Financial Group ^*		4	$	2,870
Synchrony Financial		48		2,230
T Rowe Price Group		21		4,554
Travelers		24		3,861
Truist Financial		108		6,855
US Bancorp		108		6,520
W R Berkley		12		955
Wells Fargo		346		17,701
Willis Towers Watson		12		2,907
Zions Bancorp		12		756
				375,260

Health Care — 13.0%
Abbott Laboratories		148		19,076
AbbVie		148		16,971
ABIOMED ^*		4		1,328
Agilent Technologies		24		3,780
Align Technology ^* F		7		4,371
AmerisourceBergen, Cl A		12		1,464
Amgen		48		9,935
Anthem		21		9,138
Baxter International		43		3,395
Becton Dickinson		24		5,750
Biogen ^*		12		3,200
Bio-Rad Laboratories, Cl A ^*		2		1,589
Bio-Techne		3		1,571
Boston Scientific ^*		119		5,132
Bristol-Myers Squibb		182		10,629
Cardinal Health		24		1,147
Catalent ^*		12		1,654
Centene ^*		48		3,419
Cerner		24		1,783
Charles River Laboratories International ^*		4		1,795
Cigna		28		5,981

The accompanying notes are an integral part of the financial statements.

267

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Cooper		4	$	1,668
CVS Health		108		9,642
Danaher		53		16,524
DaVita ^*		5		516
DENTSPLY SIRONA		14		801
Dexcom ^*		9		5,609
Edwards Lifesciences ^*		52		6,231
Eli Lilly		68		17,324
Gilead Sciences		106		6,877
HCA Healthcare		21		5,260
Henry Schein ^*		12		916
Hologic ^*		24		1,759
Humana		11		5,095
IDEXX Laboratories ^* F		8		5,329
Illumina ^*		12		4,981
Incyte ^*		12		804
Intuitive Surgical ^*		30		10,834
IQVIA Holdings ^*		15		3,921
Johnson & Johnson		221		35,996
Laboratory Corp of America Holdings ^*		9		2,583
McKesson		12		2,495
Medtronic		112		13,424
Merck		213		18,755
Mettler-Toledo International ^*		2		2,962
Moderna ^*		29		10,011
Organon		24		882
PerkinElmer		10		1,769
Pfizer		471		20,601
Quest Diagnostics		12		1,761
Regeneron Pharmaceuticals ^*		9		5,759
ResMed		12		3,155
STERIS		9		2,104
Stryker		27		7,184

The accompanying notes are an integral part of the financial statements.

268

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Teleflex		4	$	1,428
Thermo Fisher Scientific		34		21,524
UnitedHealth Group		80		36,838
Universal Health Services, Cl B		7		869
Vertex Pharmaceuticals ^*		24		4,438
Viatris, Cl W ^*		96		1,282
Waters ^*		5		1,838
West Pharmaceutical Services		8		3,439
Zimmer Biomet Holdings		17		2,433
Zoetis, Cl A		39		8,432
				429,161

Industrials — 8.0%
3M		48		8,577
Alaska Air Group ^*		12		634
Allegion		8		1,026
American Airlines Group ^*		50		960
AMETEK		20		2,648
AO Smith		12		877
Boeing ^*		48		9,937
Carrier Global		73		3,813
Caterpillar		48		9,793
CH Robinson Worldwide		12		1,164
Cintas		9		3,898
Copart ^*		17		2,640
CSX		182		6,583
Cummins		12		2,878
Deere		24		8,215
Delta Air Lines ^*		48		1,878
Dover		12		2,029
Eaton		36		5,931
Emerson Electric		48		4,657
Equifax		12		3,329
Expeditors International of Washington		12		1,479

The accompanying notes are an integral part of the financial statements.

269

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Fastenal		48	$	2,740
FedEx		21		4,946
Fortive		26		1,968
Fortune Brands Home & Security		12		1,217
Generac Holdings ^*		5		2,493
General Dynamics		20		4,055
General Electric		93		9,753
Honeywell International		60		13,117
Howmet Aerospace		36		1,069
Huntington Ingalls Industries		4		811
IDEX		7		1,558
IHS Markit		34		4,444
Illinois Tool Works		24		5,469
Ingersoll Rand		36		1,935
Jacobs Engineering Group		12		1,685
JB Hunt Transport Services		8		1,578
Johnson Controls International		60		4,402
Kansas City Southern		8		2,482
L3Harris Technologies		16		3,689
Leidos Holdings		12		1,200
Lockheed Martin		21		6,979
Masco		24		1,573
Nielsen Holdings		26		527
Norfolk Southern		21		6,154
Northrop Grumman		12		4,287
Old Dominion Freight Line		9		3,072
Otis Worldwide		36		2,891
PACCAR		24		2,151
Parker-Hannifin		12		3,559
Pentair		12		888
Quanta Services		12		1,455
Raytheon Technologies		128		11,374
Republic Services, Cl A		17		2,288

The accompanying notes are an integral part of the financial statements.

270

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Robert Half International		12	$	1,357
Rockwell Automation		10		3,194
Rollins		14		493
Roper Technologies		9		4,391
Snap-On		5		1,016
Southwest Airlines ^*		48		2,269
Stanley Black & Decker		12		2,157
Textron		14		1,034
Trane Technologies		21		3,800
TransDigm Group ^*		4		2,495
Union Pacific		56		13,518
United Airlines Holdings ^*		24		1,107
United Parcel Service, Cl B		60		12,808
United Rentals ^*		8		3,033
Verisk Analytics, Cl A		12		2,523
Waste Management		33		5,288
Westinghouse Air Brake Technologies		12		1,089
WW Grainger		4		1,852
Xylem		12		1,567
				265,746

Information Technology — 27.6%
Accenture, Cl A		52		18,657
Adobe ^*		39		25,364
Advanced Micro Devices ^*		103		12,384
Akamai Technologies ^*		12		1,265
Amphenol, Cl A		48		3,685
Analog Devices		47		8,154
ANSYS ^*		9		3,416
Apple		1,322		198,036
Applied Materials		76		10,385
Arista Networks ^*		5		2,048
Autodesk ^*		20		6,352
Automatic Data Processing		36		8,082

The accompanying notes are an integral part of the financial statements.

271

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Collar 95-110 ETF

	Shares			Value
COMMON STOCK — continued
Information Technology — continued
Broadcom		35		$	18,608
Broadridge Financial Solutions		12			2,141
Cadence Design Systems ^*		24			4,155
CDW		12			2,240
Ceridian HCM Holding ^*		11			1,378
Cisco Systems		355			19,869
Citrix Systems		12			1,137
Cognizant Technology Solutions, Cl A		45			3,514
Corning		60			2,134
DXC Technology ^*		24			782
Enphase Energy ^*		12			2,780
F5 Networks ^*		4			845
Fidelity National Information Services		51			5,648
Fiserv ^*		48			4,728
FleetCor Technologies ^*		8			1,979
Fortinet ^*		12			4,036
Gartner ^*		8			2,655
Global Payments		24			3,432
Hewlett Packard Enterprise		108			1,582
HP		96	��		2,912
Intel		340			16,660
International Business Machines		72			9,007
Intuit		23			14,398
IPG Photonics ^*		4			636
Jack Henry & Associates		7			1,165
Juniper Networks		24			708
Keysight Technologies ^*		15			2,700
KLA		12			4,473
Lam Research		12			6,763
Mastercard, Cl A		73			24,493
Microchip Technology		48			3,556
Micron Technology		95			6,564
Microsoft		633			209,915

The accompanying notes are an integral part of the financial statements.

272

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Monolithic Power Systems		3	$	1,576
Motorola Solutions		14		3,480
NetApp		19		1,697
NortonLifeLock		48		1,222
NVIDIA		209		53,435
Oracle		144		13,815
Paychex		24		2,959
Paycom Software ^*		4		2,191
PayPal Holdings ^*		98		22,794
PTC ^*		12		1,528
Qorvo ^*		12		2,019
QUALCOMM		98		13,038
salesforce.com ^*		82		24,575
Seagate Technology Holdings		12		1,069
ServiceNow ^*		16		11,164
Skyworks Solutions		12		2,006
Synopsys ^*		12		3,998
TE Connectivity		27		3,942
Teledyne Technologies ^*		4		1,797
Teradyne		12		1,659
Texas Instruments		77		14,436
Trimble ^*		24		2,097
Tyler Technologies ^*		3		1,630
VeriSign ^*		9		2,004
Visa, Cl A		142		30,071
Western Digital ^*		24		1,255
Western Union		36		656
Xilinx		21		3,780
Zebra Technologies, Cl A ^*		4		2,136
				913,450

Materials — 2.1%
Air Products & Chemicals		21		6,296
Albemarle		10		2,505

The accompanying notes are an integral part of the financial statements.

273

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
Amcor		122	$	1,473
Avery Dennison		8		1,742
Ball		24		2,196
Celanese, Cl A		12		1,938
CF Industries Holdings		14		795
Corteva		60		2,589
Dow		60		3,358
DuPont de Nemours		44		3,062
Eastman Chemical		12		1,248
Ecolab		21		4,667
FMC		12		1,092
Freeport-McMoRan		120		4,526
International Flavors & Fragrances		24		3,539
International Paper		36		1,788
LyondellBasell Industries, Cl A		24		2,228
Martin Marietta Materials		5		1,964
Mosaic		24		998
Newmont		62		3,348
Nucor		24		2,680
Packaging Corp of America		9		1,236
PPG Industries		21		3,372
Sealed Air		12		712
Sherwin-Williams		21		6,649
Sylvamo ^*		0		—
Vulcan Materials		12		2,281
Westrock		24		1,154
				69,436

Real Estate — 2.5%
Alexandria Real Estate Equities ^‡		12		2,450
American Tower, Cl A ^‡		38		10,715
AvalonBay Communities ^‡		12		2,840
Boston Properties ^‡		12		1,364
CBRE Group, Cl A ^*		24		2,498

The accompanying notes are an integral part of the financial statements.

274

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Crown Castle International ^‡		36	$	6,491
Digital Realty Trust ^‡		24		3,787
Duke Realty ^‡		26		1,462
Equinix ^‡		8		6,696
Equity Residential ^‡		24		2,074
Essex Property Trust ^‡		5		1,700
Extra Space Storage ^‡		12		2,368
Federal Realty Investment Trust ^‡		5		602
Healthpeak Properties ^‡		48		1,704
Host Hotels & Resorts ^{‡ *}		60		1,010
Iron Mountain ^‡		24		1,095
Kimco Realty ^‡		48		1,085
Mid-America Apartment Communities ^‡		12		2,450
ProLogis ^‡		60		8,698
Public Storage ^‡		12		3,986
Realty Income ^‡		33		2,357
Regency Centers ^‡		12		845
SBA Communications, Cl A ^‡		10		3,453
Simon Property Group ^‡		27		3,958
UDR ^‡		24		1,333
Ventas ^‡		26		1,388
Vornado Realty Trust ^‡		12		512
Welltower ^‡		36		2,894
Weyerhaeuser ^‡		60		2,143
				83,958

Utilities — 2.3%
AES		50		1,257
Alliant Energy		24		1,358
Ameren		24		2,023
American Electric Power		43		3,643
American Water Works		15		2,613
Atmos Energy		12		1,105
CenterPoint Energy		48		1,250

The accompanying notes are an integral part of the financial statements.

275

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Utilities — continued
CMS Energy		24	$	1,448
Consolidated Edison		24		1,810
Dominion Energy		68		5,163
DTE Energy		15		1,700
Duke Energy		64		6,529
Edison International		26		1,636
Entergy		16		1,648
Evergy		24		1,530
Eversource Energy		24		2,038
Exelon		82		4,362
FirstEnergy		48		1,849
NextEra Energy		165		14,080
NiSource		36		888
NRG Energy		24		957
Pinnacle West Capital		12		774
PPL		60		1,728
Public Service Enterprise Group		38		2,424
Sempra Energy		24		3,063
Southern		84		5,235
WEC Energy Group		24		2,161
Xcel Energy		48		3,100
				77,372

TOTAL UNITED STATES				3,261,837
TOTAL COMMON STOCK
(Cost $3,185,472)				3,280,703
TOTAL INVESTMENTS — 99.2%
(Cost $3,185,472)			$	3,280,703

The accompanying notes are an integral part of the financial statements.

276

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Collar 95-110 ETF

	Number of Contracts			Value
PURCHASED OPTION— 0.6%⁽¹⁾
UNITED STATES— 0.6%
(Cost $66,297)		71		$	19,206
WRITTEN OPTION— (0.1)%⁽¹⁾
UNITED STATES— (0.1)%
(Premiums Received ($2,774))		(71	)	$	(2,521	)

Percentages are based on Net Assets of $3,308,416.

A list of the exchange traded option contracts held by the Fund at October 31, 2021, is as follows:

Description	Number of Contracts			Cost+			Exercise Price		Expiration Date	Value
PURCHASED OPTION — 0.6%
Put Options
XSP*		71		$	66,297		$	422.00	12/17/21	$	19,206

WRITTEN OPTION — (0.1)%
Call Options
XSP*		(71	)	$	(2,774	)		489.00	12/17/21 $		(2,521	)

Cl — Class

S&P — Standard & Poor’s

XSP — iShares Core S&P 500 Index ETF

*	Non-income producing security.
+	Notional amount for all purchased options totals $3,269,834.
+	Notional amount for all written options totals $(3,269,834).
‡	Real Estate Investment Trust
(1)	Refer to table below for details on Options Contracts.
(A)	All or a portion of these securities has been segregated as collateral for writtenoptions contracts. The aggregate market value of collateral at October 31, 2021 was$3,280,703.

The accompanying notes are an integral part of the financial statements.

277

Schedule of Investments		October 31, 2021
	Global X S&P 500^® Collar 95-110 ETF

The following is a summary of the level of inputs used as of October 31, 2021, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2			Level 3		Total
Common Stock	$	3,280,703	$	—	��	$	—	$	3,280,703
Total Investments in Securities	$	3,280,703	$	—		$	—	$	3,280,703

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Purchased Option	$	19,206		$	—	$	—	$	19,206
Written Option		(2,521	)		—		—		(2,521	)
Total Other Financial Instruments	$	16,685		$	—	$	—	$	16,685

For the year ended October 31, 2021, there have been no transfers in or out of Level 3.

Amounts designated as “—“ are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

278

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Tail Risk ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments.

	Shares		Value
COMMON STOCK — 99.6%
ARGENTINA — 0.5%
Consumer Discretionary — 0.5%
MercadoLibre ^*		11	$	16,291

CHINA — 1.5%
Communication Services — 0.5%
Baidu ADR ^*		52		8,437
NetEase ADR		65		6,343
				14,780

Consumer Discretionary — 0.7%
JD.com ADR ^*		171		13,386
Pinduoduo ADR ^*		78		6,936
Trip.com Group ADR ^*		117		3,341
				23,663

Information Technology — 0.3%
NXP Semiconductors		56		11,248

TOTAL CHINA				49,691
ISRAEL — 0.1%
Information Technology — 0.1%
Check Point Software Technologies ^*		26		3,110

The accompanying notes are an integral part of the financial statements.

279

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
NETHERLANDS — 0.4%
Information Technology — 0.4%
ASML Holding, Cl G		17	$	13,819

UNITED STATES — 97.1%
Communication Services — 17.9%
Activision Blizzard		169		13,214
Alphabet, Cl A ^*		42		124,359
Alphabet, Cl C ^*		48		142,340
Charter Communications, Cl A ^*		40		26,996
Comcast, Cl A		1,003		51,584
Electronic Arts		65		9,116
Fox, Cl A		75		2,980
Fox, Cl B		52		1,922
Match Group ^*		61		9,198
Meta Platforms, Cl A ^*		343		110,985
Netflix ^*		96		66,270
Sirius XM Holdings		904		5,505
T-Mobile US ^*		273		31,403
				595,872

Consumer Discretionary — 17.0%
Amazon.com ^*		74		249,560
Booking Holdings ^*		10		24,208
Dollar Tree ^*		52		5,603
eBay		141		10,818
Lululemon Athletica ^*		26		12,116
Marriott International, Cl A ^*		72		11,521
O’Reilly Automotive ^*		15		9,335
Peloton Interactive, Cl A ^*		60		5,486
Ross Stores		78		8,830
Starbucks		260		27,578
Tesla ^*		180		200,520
				565,575

The accompanying notes are an integral part of the financial statements.

280

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — 4.6%
Costco Wholesale		95	$	46,696
Keurig Dr Pepper		312		11,260
Kraft Heinz		273		9,798
Mondelez International, Cl A		312		18,951
Monster Beverage ^*		117		9,945
PepsiCo		302		48,803
Walgreens Boots Alliance		195		9,169
				154,622

Health Care — 6.1%
Align Technology ^*		16		9,990
Amgen		125		25,871
Biogen ^*		35		9,334
Cerner		65		4,829
Dexcom ^*		23		14,334
Gilead Sciences		273		17,712
IDEXX Laboratories ^*		17		11,324
Illumina ^*		35		14,527
Incyte ^*		52		3,483
Intuitive Surgical ^*		78		28,168
Moderna ^*		89		30,724
Regeneron Pharmaceuticals ^*		24		15,359
Seagen ^*		39		6,877
Vertex Pharmaceuticals ^*		55		10,171
				202,703

Industrials — 2.8%
Cintas		23		9,961
Copart ^*		52		8,075
CSX		504		18,230
Fastenal		130		7,421
Honeywell International		152		33,230
PACCAR		78		6,990

The accompanying notes are an integral part of the financial statements.

281

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Verisk Analytics, Cl A		36	$	7,570
				91,477

Information Technology — 47.8%
Adobe ^*		104		67,638
Advanced Micro Devices ^*		267		32,101
Analog Devices		117		20,298
ANSYS ^*		18		6,833
Apple		2,388		357,722
Applied Materials		197		26,920
Atlassian, Cl A ^*		30		13,744
Autodesk ^*		49		15,563
Automatic Data Processing		91		20,429
Broadcom		91		48,382
Cadence Design Systems ^*		61		10,560
CDW		29		5,413
Cisco Systems		924		51,716
Cognizant Technology Solutions, Cl A		117		9,137
Crowdstrike Holdings, Cl A ^*		44		12,399
DocuSign, Cl A ^*		42		11,688
Fiserv ^*		143		14,084
Intel		897		43,953
Intuit		61		38,185
KLA		35		13,047
Lam Research		30		16,907
Marvell Technology		182		12,467
Microchip Technology		122		9,039
Micron Technology		247		17,068
Microsoft		1,087		360,471
NVIDIA		548		140,107
Okta, Cl A ^*		30		7,415
Paychex		78		9,616
PayPal Holdings ^*		260		60,473
QUALCOMM		247		32,861

The accompanying notes are an integral part of the financial statements.

282

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Tail Risk ETF

	Shares/Number of Contracts		Value
COMMON STOCK — continued
Information Technology — continued
Skyworks Solutions		39	$	6,518
Splunk ^*		39		6,428
Synopsys ^*		34		11,328
Texas Instruments		204		38,246
VeriSign ^*		26		5,789
Workday, Cl A ^*		41		11,889
Xilinx		52		9,360
Zoom Video Communications, Cl A ^*		52		14,282
				1,590,076

Utilities — 0.9%
American Electric Power		107		9,064
Exelon		221		11,755
Xcel Energy		117		7,557
				28,376

TOTAL UNITED STATES				3,228,701
TOTAL COMMON STOCK
(Cost $3,208,011)				3,311,612
TOTAL INVESTMENTS — 99.6%
(Cost $3,208,011)			$	3,311,612

PURCHASED OPTION— 0.4%⁽¹⁾
UNITED STATES— 0.4%
(Cost $52,310)		10	$	14,450

Percentages are based on Net Assets of $3,326,266.

The accompanying notes are an integral part of the financial statements.

283

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Tail Risk ETF

A list of the exchange traded option contracts held by the Fund at October 31, 2021, is as follows:

Description	Number of Contracts		Cost+		Exercise Price		Expiration Date	Value
PURCHASED OPTION — 0.4%
Put Options
NQX*		10	$	52,310	$	2,795.00	12/17/21	$	14,450

ADR — American Depositary Receipt

Cl — Class

NQX — Nasdaq-100 Reduced Value Index

+	Notional amount for all options totals $3,170,094.
*	Non-income producing security.
(1)	Refer to table below for details on Options Contracts.

The following is a summary of the level of inputs used as of October 31, 2021, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	3,311,612	$	—	$	—	$	3,311,612
Total Investments in Securities	$	3,311,612	$	—	$	—	$	3,311,612

Other Financial Instruments	Level 1		Level 2		Level 3		Total
Purchased Option	$	14,450	$	—	$	—	$	14,450
Total Other Financial Instruments	$	14,450	$	—	$	—	$	14,450

For the year ended October 31, 2021, there have been no transfers in or out of Level 3.

Amounts designated as “—“ are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

284

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Risk Managed Income ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments.

	Shares		Value
COMMON STOCK — 105.2% (A)
ARGENTINA — 0.5%
Consumer Discretionary — 0.5%
MercadoLibre ^*		15	$	22,215

CHINA — 1.6%
Communication Services — 0.5%
Baidu ADR ^*		74		12,006
NetEase ADR		90		8,783
				20,789

Consumer Discretionary — 0.7%
JD.com ADR ^*		235		18,396
Pinduoduo ADR ^*		111		9,870
Trip.com Group ADR ^*		162		4,626
				32,892

Information Technology — 0.4%
NXP Semiconductors		80		16,069

The accompanying notes are an integral part of the financial statements.

285

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
TOTAL CHINA			$	69,750
ISRAEL — 0.1%
Information Technology — 0.1%
Check Point Software Technologies ^*		36		4,306

NETHERLANDS — 0.5%
Information Technology — 0.5%
ASML Holding, Cl G		25		20,322

UNITED STATES — 102.5%
Communication Services — 19.0%
Activision Blizzard		234		18,296
Alphabet, Cl A ^*		58		171,733
Alphabet, Cl C ^*		66		195,717
Charter Communications, Cl A ^*		55		37,119
Comcast, Cl A		1,383		71,128
Electronic Arts		90		12,623
Fox, Cl A		103		4,093
Fox, Cl B		72		2,661
Match Group ^*		84		12,666
Meta Platforms, Cl A ^*		476		154,019
Netflix ^*		134		92,502
Sirius XM Holdings		1,250		7,613
T-Mobile US ^*		378		43,481
				823,651

Consumer Discretionary — 17.8%
Amazon.com ^*		101		340,616
Booking Holdings ^*		12		29,049
Dollar Tree ^*		72		7,759
eBay		194		14,884
Lululemon Athletica ^*		37		17,242
Marriott International, Cl A ^*		95		15,202
O’Reilly Automotive ^*		20		12,446
Peloton Interactive, Cl A ^*		82		7,498

The accompanying notes are an integral part of the financial statements.

286

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Ross Stores		108	$	12,226
Starbucks		360		38,185
Tesla ^*		248		276,272
				771,379

Consumer Staples — 4.9%
Costco Wholesale		134		65,866
Keurig Dr Pepper		432		15,591
Kraft Heinz		378		13,566
Mondelez International, Cl A		432		26,240
Monster Beverage ^*		162		13,770
PepsiCo		416		67,226
Walgreens Boots Alliance		270		12,695
				214,954

Health Care — 6.5%
Align Technology ^*		24		14,985
Amgen		173		35,806
Biogen ^*		47		12,534
Cerner		90		6,686
Dexcom ^*		29		18,073
Gilead Sciences		376		24,395
IDEXX Laboratories ^*		26		17,319
Illumina ^*		47		19,508
Incyte ^*		72		4,822
Intuitive Surgical ^*		108		39,002
Moderna ^*		123		42,461
Regeneron Pharmaceuticals ^*		33		21,118
Seagen ^*		54		9,522
Vertex Pharmaceuticals ^*		76		14,055
				280,286

Industrials — 2.9%
Cintas		32		13,859
Copart ^*		72		11,181

The accompanying notes are an integral part of the financial statements.

287

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
CSX		697	$	25,211
Fastenal		180		10,275
Honeywell International		210		45,910
PACCAR		108		9,679
Verisk Analytics, Cl A		49		10,303
				126,418

Information Technology — 50.5%
Adobe ^*		144		93,652
Advanced Micro Devices ^*		363		43,643
Analog Devices		161		27,932
ANSYS ^*		26		9,869
Apple		3,300		494,340
Applied Materials		271		37,032
Atlassian, Cl A ^*		41		18,783
Autodesk ^*		67		21,280
Automatic Data Processing		126		28,286
Broadcom		124		65,927
Cadence Design Systems ^*		84		14,541
CDW		39		7,279
Cisco Systems		1,273		71,250
Cognizant Technology Solutions, Cl A		162		12,651
Crowdstrike Holdings, Cl A ^*		60		16,908
DocuSign, Cl A ^*		59		16,419
Fiserv ^*		198		19,501
Intel F		1,237		60,613
Intuit		84		52,583
KLA		48		17,892
Lam Research		43		24,234
Marvell Technology		252		17,262
Microchip Technology		168		12,447
Micron Technology		342		23,632
Microsoft		1,500		497,430
NVIDIA		759		194,054

The accompanying notes are an integral part of the financial statements.

288

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Okta, Cl A ^*		43	$	10,629
Paychex		108		13,314
PayPal Holdings ^*		356		82,802
QUALCOMM		342		45,500
Skyworks Solutions		50		8,356
Splunk ^*		49		8,076
Synopsys ^*		48		15,993
Texas Instruments		281		52,682
VeriSign ^*		36		8,016
Workday, Cl A ^*		56		16,239
Xilinx		72		12,960
Zoom Video Communications, Cl A ^*		72		19,775
				2,193,782

Utilities — 0.9%
American Electric Power		147		12,452
Exelon		301		16,010
Xcel Energy		162		10,464
				38,926

TOTAL UNITED STATES				4,449,396
TOTAL COMMON STOCK
(Cost $4,396,734)				4,565,989
TOTAL INVESTMENTS — 105.2%
(Cost $4,396,734)			$	4,565,989

The accompanying notes are an integral part of the financial statements.

289

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Risk Managed Income ETF

	Number of Contracts			Value
PURCHASED OPTION— 0.1%⁽¹⁾
UNITED STATES— 0.1%
(Cost $31,242)		14		$	6,160
WRITTEN OPTION— (5.5)%⁽¹⁾
UNITED STATES— (5.5)%
(Premiums Received ($88,602))		(14	)	$	(239,120	)

Percentages are based on Net Assets of $4,341,440.

A list of the exchange traded option contracts held by the Fund at October 31, 2021, is as follows:

Description	Number of Contracts			Cost+			Exercise Price		Expiration Date	Value
PURCHASED OPTION — 0.1%
Put Options
NQX*		14		$	31,242		$	2,860.00	11/19/21	$	6,160

WRITTEN OPTION — (5.5)%
Call Options
NQX*		(14	)	$	(88,602	)		3,010.00	11/19/21	$	(239,120	)

ADR — American Depositary Receipt

Cl — Class

NQX — Nasdaq-100 Reduced Value Index

*	Non-income producing security.
+	Notional amount for all purchased options totals $4,438,132.
+	Notional amount for all written options totals $(4,438,132).
(1)	Refer to table below for details on Options Contracts.
(A)	All or a portion of these securities has been segregated as collateral for writtenoptions contracts. The aggregate market value of collateral at October 31, 2021 was$4,565,989.

The accompanying notes are an integral part of the financial statements.

290

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Risk Managed Income ETF

The following is a summary of the level of inputs used as of October 31, 2021, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	4,565,989	$	—	$	—	$	4,565,989
Total Investments in Securities	$	4,565,989	$	—	$	—	$	4,565,989

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Purchased Option	$	6,160		$	—	$	—	$	6,160
Written Option		(239,120	)		—		—		(239,120	)
Total Other Financial Instruments	$	(232,960	)	$	—	$	—	$	(232,960	)

For the year ended October 31, 2021, there have been no transfers in or out of Level 3.

Amounts designated as “—“ are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

291

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Collar 95-110 ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments.

	Shares		Value
COMMON STOCK — 99.2% (A)
ARGENTINA — 0.5%
Consumer Discretionary — 0.5%
MercadoLibre ^*		9	$	13,329

CHINA — 1.5%
Communication Services — 0.5%
Baidu ADR ^*		47		7,625
NetEase ADR		55		5,368
				12,993

Consumer Discretionary — 0.7%
JD.com ADR ^*		147		11,507
Pinduoduo ADR ^*		71		6,313
Trip.com Group ADR ^*		99		2,828
				20,648

Information Technology — 0.3%
NXP Semiconductors		49		9,842

The accompanying notes are an integral part of the financial statements.

292

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
TOTAL CHINA			$	43,483
ISRAEL — 0.1%
Information Technology — 0.1%
Check Point Software Technologies ^*		22		2,632

NETHERLANDS — 0.4%
Information Technology — 0.4%
ASML Holding, Cl G		15		12,193

UNITED STATES — 96.7%
Communication Services — 17.8%
Activision Blizzard		143		11,181
Alphabet, Cl A ^*		37		109,554
Alphabet, Cl C ^*		39		115,651
Charter Communications, Cl A ^*		34		22,946
Comcast, Cl A		857		44,075
Electronic Arts		55		7,714
Fox, Cl A		66		2,623
Fox, Cl B		44		1,626
Match Group ^*		52		7,841
Meta Platforms, Cl A ^*		293		94,806
Netflix ^*		83		57,296
Sirius XM Holdings		770		4,689
T-Mobile US ^*		231		26,572
				506,574

Consumer Discretionary — 16.8%
Amazon.com ^*		62		209,091
Booking Holdings ^*		8		19,366
Dollar Tree ^*		44		4,742
eBay		121		9,283
Lululemon Athletica ^*		23		10,718
Marriott International, Cl A ^*		61		9,761
O’Reilly Automotive ^*		13		8,090
Peloton Interactive, Cl A ^*		50		4,572

The accompanying notes are an integral part of the financial statements.

293

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Ross Stores		66	$	7,471
Starbucks		220		23,336
Tesla ^*		152		169,328
				475,758

Consumer Staples — 4.7%
Costco Wholesale		83		40,798
Keurig Dr Pepper		264		9,528
Kraft Heinz		231		8,291
Mondelez International, Cl A		264		16,035
Monster Beverage ^*		99		8,415
PepsiCo		259		41,854
Walgreens Boots Alliance		165		7,758
				132,679

Health Care — 6.1%
Align Technology ^*		15		9,365
Amgen		106		21,939
Biogen ^*		28		7,467
Cerner		55		4,086
Dexcom ^*		18		11,218
Gilead Sciences		234		15,182
IDEXX Laboratories ^*		16		10,658
Illumina ^*		29		12,037
Incyte ^*		44		2,947
Intuitive Surgical ^*		66		23,834
Moderna ^*		75		25,891
Regeneron Pharmaceuticals ^*		20		12,799
Seagen ^*		33		5,819
Vertex Pharmaceuticals ^*		48		8,877
				172,119

Industrials — 2.7%
Cintas		19		8,229
Copart ^*		44		6,832

The accompanying notes are an integral part of the financial statements.

294

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
CSX		429	$	15,517
Fastenal		110		6,279
Honeywell International		129		28,202
PACCAR		66		5,915
Verisk Analytics, Cl A		30		6,308
				77,282

Information Technology — 47.8%
Adobe ^*		89		57,882
Advanced Micro Devices ^*		231		27,773
Analog Devices		100		17,349
ANSYS ^*		17		6,453
Apple		2,034		304,693
Applied Materials		169		23,094
Atlassian, Cl A ^*		26		11,911
Autodesk ^*		41		13,022
Automatic Data Processing		79		17,735
Broadcom		77		40,939
Cadence Design Systems ^*		52		9,002
CDW		26		4,853
Cisco Systems		792		44,328
Cognizant Technology Solutions, Cl A		99		7,731
Crowdstrike Holdings, Cl A ^*		37		10,427
DocuSign, Cl A ^*		36		10,018
Fiserv ^*		121		11,917
Intel		759		37,191
Intuit		51		31,926
KLA		28		10,437
Lam Research		27		15,216
Marvell Technology		154		10,549
Microchip Technology		102		7,557
Micron Technology		209		14,442
Microsoft		925		306,749
NVIDIA		468		119,654

The accompanying notes are an integral part of the financial statements.

295

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Okta, Cl A ^*		27	$	6,674
Paychex		66		8,136
PayPal Holdings ^*		220		51,170
QUALCOMM		209		27,805
Skyworks Solutions		33		5,515
Splunk ^*		33		5,439
Synopsys ^*		28		9,329
Texas Instruments		173		32,434
VeriSign ^*		22		4,899
Workday, Cl A ^*		36		10,439
Xilinx		44		7,920
Zoom Video Communications, Cl A ^*		44		12,085
				1,354,693

Utilities — 0.8%
American Electric Power		93		7,878
Exelon		187		9,947
Xcel Energy		99		6,394
				24,219

TOTAL UNITED STATES				2,743,324
TOTAL COMMON STOCK
(Cost $2,731,287)				2,814,961
TOTAL INVESTMENTS — 99.2%
(Cost $2,731,287)			$	2,814,961

The accompanying notes are an integral part of the financial statements.

296

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Collar 95-110 ETF

	Number of Contracts			Value
PURCHASED OPTION— 0.8%⁽¹⁾
UNITED STATES— 0.8%
(Cost $67,630)		8		$	22,560
WRITTEN OPTION— (0.2)%⁽¹⁾
UNITED STATES— (0.2)%
(Premiums Received ($6,457))		(8	)	$	(5,160	)

Percentages are based on Net Assets of $2,836,261.

A list of the exchange traded option contracts held by the Fund at October 31, 2021, is as follows:

Description	Number of Contracts			Cost+			Exercise Price		Expiration Date	Value
PURCHASED OPTION — 0.8%
Put Options
NQX*		8		$	67,630		$	2,950.00	12/17/21	$	22,560

WRITTEN OPTION — (0.2)%
Call Options
NQX*		(8	)	$	(6,457	)		3,410.00	12/17/21	$	(5,160	)

ADR — American Depositary Receipt

Cl — Class

NQX — Nasdaq-100 Reduced Value Index

*	Non-income producing security.
+	Notional amount for all purchased options totals $2,536,075.
+	Notional amount for all written options totals $(2,536,075).
(1)	Refer to table below for details on Options Contracts.
(A)	All or a portion of these securities has been segregated as collateral for writtenoptions contracts. The aggregate market value of collateral at October 31, 2021 was$2,814,961.

The accompanying notes are an integral part of the financial statements.

297

Schedule of Investments		October 31, 2021
	Global X NASDAQ 100^® Collar 95-110 ETF

The following is a summary of the level of inputs used as of October 31, 2021, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	2,814,961	$	—	$	—	$	2,814,961
Total Investments in Securities	$	2,814,961	$	—	$	—	$	2,814,961

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Purchased Option	$	22,560		$	—	$	—	$	22,560
Written Option		(5,160	)		—		—		(5,160	)
Total Other Financial Instruments	$	17,400		$	—	$	—	$	17,400

For the year ended October 31, 2021, there have been no transfers in or out of Level 3.

Amounts designated as “—“ are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

298

	Statements of Assets and Liabilities
	October 31, 2021

	Global X Social Media ETF			Global X Lithium & Battery Tech ETF			Global X E-commerce ETF			Global X Emerging Markets Internet & E-commerce ETF
Assets:
Cost of Investments	$	399,557,484		$	3,640,785,981		$	211,743,839		$	6,018,517
Cost of Repurchase Agreement		334,499			49,400,348			1,384,981			—
Cost of Foreign Currency		—			531,922,323			—			2
Investments, at Value	$	401,485,537	*	$	5,452,244,212	*	$	199,164,187	*	$	4,556,323
Repurchase Agreement, at Value		334,499			49,400,348			1,384,981			—
Cash		314,072			75,488,796			351,769			1,377
Foreign Currency, at Value		—			531,922,322			—			2
Receivable for Investment Securities Sold		35,270,438			547,257,163			—			—
Receivable for Capital Shares Sold		73,920			3,647,049			—			—
Dividend and Interest Receivable		36,900			1,919,559			41,067			60
Reclaim Receivable		5,942			—			—			—
Due from Authorized Participants		—			—			—			—
Due from Broker		—			50,974,785			—			—
Total Assets		437,521,308			6,712,854,234			200,942,004			4,557,762
Liabilities:
Obligation to Return Securities Lending Collateral		750,043			110,759,925			3,105,528			—
Payable for Investment Securities Purchased		34,573,798			916,854,113			—			—
Payable due to Investment Adviser		230,210			3,170,801			85,284			2,558
Unrealized Depreciation on Spot Contracts		557			402,411			—			—
Payable for Capital Shares Redeemed		—			306,268,249			—			—
Due to Broker		73,920			—			—			—
Total Liabilities		35,628,528			1,337,455,499			3,190,812			2,558
Net Assets	$	401,892,780		$	5,375,398,735		$	197,751,192		$	4,555,204
Net Assets Consist of:
Paid-in Capital	$	433,140,627		$	3,692,545,667		$	211,413,855		$	6,243,910
Total Distributable Earnings/(Loss)		(31,247,847	)		1,682,853,068			(13,662,663	)		(1,688,706	)
Net Assets	$	401,892,780		$	5,375,398,735		$	197,751,192		$	4,555,204
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value)		6,560,000			59,024,628			6,340,002			380,000
Net Asset Value, Offering and Redemption Price Per Share	$	61.26		$	91.07		$	31.19		$	11.99
*Includes Market Value of Securities on Loan	$	706,718		$	105,092,823		$	2,959,284		$	—

The accompanying notes are an integral part of the financial statements.

299

	Statements of Assets and Liabilities
	October 31, 2021

	Global X SuperDividend^® ETF			Global X SuperDividend^® U.S. ETF			Global X MSCI SuperDividend^® EAFE ETF			Global X MSCI SuperDividend^® Emerging Markets ETF
Assets:
Cost of Investments	$	953,257,456		$	574,631,667		$	13,582,420		$	65,533,734
Cost of Repurchase Agreement		16,543,844			3,131,165			—			—
Cost of Foreign Currency		2,940,650			—			—			85,681
Investments, at Value	$	947,993,654	*	$	671,490,540	*	$	14,032,087		$	62,644,589
Repurchase Agreement, at Value		16,543,844			3,131,165			—			—
Cash		—			154,940			—			—
Foreign Currency, at Value		2,907,014			—			—			88,983
Dividend and Interest Receivable		3,196,332			2,227,724			20,297			329,922
Reclaim Receivable		382,771			8,115			35,995			20,998
Unrealized Appreciation on Spot Contracts		432			—			—			—
Receivable for Investment Securities Sold		—			—			453,849			—
Due from Authorized Participants		—			1,200			—			—
Due from Broker		24,750			—			—			73,859
Total Assets		971,048,797			677,013,684			14,542,228			63,158,351
Liabilities:
Obligation to Return Securities Lending Collateral		37,096,081			7,020,976			—			—
Payable due to Investment Adviser		475,198			255,536			6,554			35,878
Payable for Investment Securities Purchased		—			—			65,611			38,160
Payable for Capital Shares Redeemed		—			—			—			55,804
Accrued Foreign Capital Gains Tax on Appreciated Securities		—			—			—			140,148
Unrealized Depreciation on Spot Contracts		—			—			—			5
Cash Overdraft		3,030,375			—			412,362			192,192
Due to Broker		15,671			2,856			—			—
Total Liabilities		40,617,325			7,279,368			484,527			462,187
Net Assets	$	930,431,472		$	669,734,316		$	14,057,701		$	62,696,164
Net Assets Consist of:
Paid-in Capital	$	1,474,914,574		$	764,230,698		$	14,971,395		$	71,089,604
Total Distributable Loss		(544,483,102	)		(94,496,382	)		(913,694	)		(8,393,440	)
Net Assets	$	930,431,472		$	669,734,316		$	14,057,701		$	62,696,164
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value)		71,530,000			33,270,000			900,000			5,570,000
Net Asset Value, Offering and Redemption Price Per Share	$	13.01		$	20.13		$	15.62		$	11.26
*Includes Market Value of Securities on Loan	$	32,747,398		$	6,887,281		$	—		$	—

The accompanying notes are an integral part of the financial statements.

300

	Statements of Assets and Liabilities
	October 31, 2021

	Global X SuperDividend^® REIT ETF			Global X NASDAQ 100^®Covered Call ETF		Global X S&P 500^® Covered Call ETF		Global X Russell 2000 Covered Call ETF
Assets:
Cost of Investments	$	426,234,027		$	3,921,536,273	$	602,844,830	$	536,883,182
Cost of Repurchase Agreement		1,344,045			—		—		—
Cost of Foreign Currency		5,165			—		—		—
Investments, at Value	$	467,502,730	*	$	5,288,944,790	$	691,979,063	$	563,461,039
Repurchase Agreement, at Value		1,344,045			—		—		—
Cash		730,052			8,344,388		856,848		1,217,912
Foreign Currency, at Value		5,176			—		—		—
Receivable for Investment Securities Sold		6,837,763			—		—		—
Dividend and Interest Receivable		1,780,002			629,459		486,511		—
Reclaim Receivable		3,723			—		2,490		—
Unrealized Appreciation on Spot Contracts		2,503			—		—		—
Receivable for Capital Shares Sold		—			4,563,384		—		—
Due from Authorized Participants		—			—		—		—
Due from Broker		5,750			—		—		—
Total Assets		478,211,744			5,302,482,021		693,324,912		564,678,951
Liabilities:
Obligation to Return Securities Lending Collateral		3,013,738			—		—		—
Payable for Investment Securities Purchased		7,031,969			4,768,728		—		367,064
Payable due to Investment Adviser		231,769			2,458,146		316,714		213,087
Options written at value (Premiums received ($–), ($89,664,262), ($9,674,024) and ($10,800,917) respectively)		—			259,040,400		23,153,330		9,653,000
Total Liabilities		10,277,476			266,267,274		23,470,044		10,233,151
Net Assets	$	467,934,268		$	5,036,214,747	$	669,854,868	$	554,445,800
Net Assets Consist of:
Paid-in Capital	$	656,814,496		$	4,904,918,760	$	667,844,682	$	544,463,377
Total Distributable Earnings/(Loss)		(188,880,228	)		131,295,987		2,010,186		9,982,423
Net Assets	$	467,934,268		$	5,036,214,747	$	669,854,868	$	554,445,800
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value)		47,640,000			220,730,000		13,300,000		22,020,000
Net Asset Value, Offering and Redemption Price Per Share	$	9.82		$	22.82	$	50.37	$	25.18
*Includes Market Value of Securities on Loan	$	2,827,310		$	—	$	—	$	—

The accompanying notes are an integral part of the financial statements.

301

	Statements of Assets and Liabilities
	October 31, 2021

	Global X Nasdaq 100^® Covered Call & Growth ETF		Global X S&P 500^® Covered Call & Growth ETF		Global X SuperIncome™ Preferred ETF			Global X Renewable Energy Producers ETF
Assets:
Cost of Investments	$	40,641,115	$	33,633,036	$	226,899,250		$	146,614,263
Cost of Repurchase Agreement		—		—		33,091			1,691,227
Cost of Foreign Currency		—		—		—			8,535
Investments, at Value	$	45,705,989	$	35,538,814	$	234,355,451	*	$	148,938,009	*
Repurchase Agreement, at Value		—		—		33,091			1,691,227
Cash		118,749		71,322		—			29,905
Foreign Currency, at Value		—		—		—			8,694
Receivable for Capital Shares Sold		330,910		—		—			—
Dividend and Interest Receivable		5,437		26,290		787,824			118,006
Unrealized Appreciation on Spot Contracts		—		—		—			25
Reclaim Receivable		—		138		—			64,210
Due from Authorized Participants		—		—		66,468			—
Due from Broker		—		—		—			36,249
Total Assets		46,161,085		35,636,564		235,242,834			150,886,325
Liabilities:
Obligation to Return Securities Lending Collateral		—		—		74,200			3,792,220
Options written at value (Premiums received ($400,793), ($239,180), ($–) and ($–), respectively)		1,133,280		601,178		—			—
Payable for Investment Securities Purchased		335,272		—		—			—
Payable due to Investment Adviser		21,163		17,262		114,829			77,888
Payable for Capital Shares Redeemed		—		—		—			36,249
Cash Overdraft		—		—		61,032			—
Due to Broker		—		—		40,049			3,674
Total Liabilities		1,489,715		618,440		290,110			3,910,031
Net Assets	$	44,671,370	$	35,018,124	$	234,952,724		$	146,976,294
Net Assets Consist of:
Paid-in Capital	$	41,833,144	$	33,715,720	$	287,721,893		$	149,104,183
Total Distributable Earnings/(Loss)		2,838,226		1,302,404		(52,769,169	)		(2,127,889	)
Net Assets	$	44,671,370	$	35,018,124	$	234,952,724		$	146,976,294
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value)		1,350,000		1,100,000		19,680,000			8,740,000
Net Asset Value, Offering and Redemption Price Per Share	$	33.09	$	31.83	$	11.94		$	16.82
*Includes Market Value of Securities on Loan	$	—	$	—	$	72,884		$	3,623,682

The accompanying notes are an integral part of the financial statements.

302

	Statements of Assets and Liabilities
	October 31, 2021

	Global X S&P 500^® Catholic Values ETF		Global X S&P Catholic Values Developed ex-U.S. ETF		Global X Guru^®Index ETF
Assets:
Cost of Investments	$	414,694,538	$	3,551,559	$	68,249,704
Cost of Repurchase Agreement		—		—		434,594
Investments, at Value	$	592,423,759	$	4,252,239	$	76,268,398	*
Repurchase Agreement, at Value		—		—		434,594
Cash		1,260,572		5,666		158,050
Dividend and Interest Receivable		439,861		7,606		17,355
Reclaim Receivable		2,354		1,019		—
Due from Authorized Participants		3,900		—		—
Due from Broker		—		6,697		—
Total Assets		594,130,446		4,273,227		76,878,397
Liabilities:
Obligation to Return Securities Lending Collateral		—		—		974,486
Payable due to Investment Adviser		140,915		1,198		47,876
Payable for Capital Shares Redeemed		—		6,697		—
Cash Overdraft		—		1,316		—
Due to Broker		4,179		—		—
Total Liabilities		145,094		9,211		1,022,362
Net Assets	$	593,985,352	$	4,264,016	$	75,856,035
Net Assets Consist of:
Paid-in Capital	$	415,924,565	$	3,475,846	$	74,735,618
Total Distributable Earnings		178,060,787		788,170		1,120,417
Net Assets	$	593,985,352	$	4,264,016	$	75,856,035
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value)		10,380,000		130,000		1,510,000
Net Asset Value, Offering and Redemption Price Per Share	$	57.22	$	32.80	$	50.24
*Includes Market Value of Securities on Loan	$	—	$	—	$	979,084

The accompanying notes are an integral part of the financial statements.

303

	Statements of Assets and Liabilities
	October 31, 2021

	Global X S&P 500^® Tail Risk ETF		Global X S&P 500^® Risk Managed Income ETF		Global X S&P 500^® Collar 95-110 ETF
Assets:
Cost of Investments	$	3,469,379	$	5,893,983	$	3,185,472
Investments, at Value	$	3,579,898	$	6,083,591	$	3,280,703
Cash		12,839		11,969		10,508
Options Purchased at Value (Cost $43,527, $35,039 and $66,297 respectively)		10,819		11,286		19,206
Dividend and Interest Receivable		2,159		2,909		2,032
Reclaim Receivable		12		15		11
Due from Broker		—		360		—
Total Assets		3,605,727		6,110,130		3,312,460
Liabilities:
Payable for Capital Shares Redeemed		—		360		—
Payable due to Investment Adviser		1,604		2,060		1,523
Options written at value (Premiums received ($–), ($90,624) and ($2,774) respectively)		—		206,118		2,521
Total Liabilities		1,604		208,538		4,044
Net Assets	$	3,604,123	$	5,901,592	$	3,308,416
Net Assets Consist of:
Paid-in Capital	$	3,526,120	$	5,865,129	$	3,257,141
Total Distributable Earnings		78,003		36,463		51,275
Net Assets	$	3,604,123	$	5,901,592	$	3,308,416
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value)		130,000		220,000		120,000
Net Asset Value, Offering and Redemption Price Per Share	$	27.72	$	26.83	$	27.57

The accompanying notes are an integral part of the financial statements.

304

	Statements of Assets and Liabilities
	October 31, 2021

	Global X NASDAQ 100^® Tail Risk ETF		Global X NASDAQ 100^® Risk Managed Income ETF			Global X NASDAQ 100^® Collar 95-110 ETF
Assets:
Cost of Investments	$	3,208,011	$	4,396,734		$	2,731,287
Investments, at Value	$	3,311,612	$	4,565,989		$	2,814,961
Cash		1,440		9,908			4,963
Options Purchased at Value (Cost $52,310, $31,242 and $67,630)		14,450		6,160			22,560
Dividend and Interest Receivable		398		551			339
Total Assets		3,327,900		4,582,608			2,842,823
Liabilities:
Payable due to Investment Adviser		1,634		2,048			1,402
Options written at value (Premiums received ($–), ($88,602) and ($6,457) respectively)		—		239,120			5,160
Total Liabilities		1,634		241,168			6,562
Net Assets	$	3,326,266	$	4,341,440		$	2,836,261
Net Assets Consist of:
Paid-in Capital	$	3,262,936	$	4,347,830		$	2,782,080
Total Distributable Earnings/(Loss)		63,330		(6,390	)		54,181
Net Assets	$	3,326,266	$	4,341,440		$	2,836,261
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value)		130,000		180,000			110,000
Net Asset Value, Offering and Redemption Price Per Share	$	25.59	$	24.12		$	25.78

The accompanying notes are an integral part of the financial statements.

305

	Statements of Operations
	For the year ended October 31, 2021

	Global X Social Media ETF			Global X Lithium & Battery Tech ETF			Global X E-commerce ETF			Global X Emerging Markets Internet & E-commerce ETF⁽¹⁾
Investment Income:
Dividend Income	$	625,805		$	26,605,596		$	746,049		$	9,912
Interest Income		141			335			—			—
Security Lending Income		118,295			5,768,984			16,283			—
Less: Foreign Taxes Withheld		(31,850	)		(2,644,159	)		(2,154	)		(668	)
Total Investment Income		712,391			29,730,756			760,178			9,244
Supervision and Administration Fees⁽²⁾		2,615,063			24,325,097			980,423			36,760
Custodian Fees⁽³⁾		8,934			14,840			392			95
Total Expenses		2,623,997			24,339,937			980,815			36,855
Net Investment Income (Loss)		(1,911,606	)		5,390,819			(220,637	)		(27,611	)
Net Realized Gain (Loss) on:
Investments⁽⁴⁾		103,854,926			275,354,197			20,992,031			(321,846	)
Foreign Currency Transactions		98,016			(864,636	)		2,548			(1,639	)
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions		103,952,942			274,489,561			20,994,579			(323,485	)
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		(71,436,724	)		1,628,865,310			(15,365,762	)		(1,462,194	)
Foreign Currency Translations		(1,937	)		(488,207	)		—			(3	)
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations		(71,438,661	)		1,628,377,103			(15,365,762	)		(1,462,197	)
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currency Transactions and Translations		32,514,281			1,902,866,664			5,628,817			(1,785,682	)
Net Increase (Decrease) in Net Assets Resulting from Operations	$	30,602,675		$	1,908,257,483		$	5,408,180		$	(1,813,293	)

(1)	The Fund commenced operations on November 9, 2020.
(2)	The Supervision and Administration fees reflect the supervisory and administrative fee, which includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in Notes to Financial Statements.)
(3)	See Note 2 in the Notes to Financial Statements.
(4)	Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)

The accompanying notes are an integral part of the financial statements.

306

	Statements of Operations
	For the year ended October 31, 2021

	Global X SuperDividend^® ETF			Global X SuperDividend^® U.S. ETF		Global X MSCI SuperDividend^® EAFE ETF			Global X MSCI SuperDividend^® Emerging Markets ETF
Investment Income:
Dividend Income	$	68,213,279		$	22,330,972	$	726,778		$	4,782,586
Interest Income		—			41		—			98
Security Lending Income		1,175,244			1,444,245		—			—
Less: Foreign Taxes Withheld		(2,612,588	)		—		(60,711	)		(566,271	)
Total Investment Income		66,775,935			23,775,258		666,067			4,216,413
Supervision and Administration Fees⁽¹⁾		5,113,691			2,767,013		64,424			294,228
Custodian Fees⁽²⁾		126,704			6,586		1,480			31,555
Total Expenses		5,240,395			2,773,599		65,904			325,783
Net Investment Income		61,535,540			21,001,659		600,163			3,890,630
Net Realized Gain (Loss) on:
Investments⁽³⁾		74,245,885			53,431,904		1,275,617			1,584,879
Foreign Currency Transactions		(264,007	)		—		(11,246	)		(37,853	)
Net Realized Gain on Investments and Foreign Currency Transactions		73,981,878			53,431,904		1,264,371			1,547,026
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		61,546,296			114,820,912		1,339,288			(1,607,647	)
Foreign Capital Gains Tax on Appreciated Securities		—			—		—			(131,033	)
Foreign Currency Translations		(22,863	)		—		(1,166	)		1,740
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations		61,523,433			114,820,912		1,338,122			(1,736,940	)
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currency Transactions and Translations		135,505,311			168,252,816		2,602,493			(189,914	)
Net Increase in Net Assets Resulting from Operations	$	197,040,851		$	189,254,475	$	3,202,656		$	3,700,716

(1)	The Supervision and Administration fees reflect the supervisory and administrative fee, which includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in 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 Notes to Financial Statements.)

The accompanying notes are an integral part of the financial statements.

307

	Statements of Operations
	For the year ended October 31, 2021

	Global X SuperDividend^® REIT ETF			Global X NASDAQ 100^® Covered Call ETF			Global X S&P 500^® Covered Call ETF			Global X Russell 2000 Covered Call ETF
Investment Income:
Dividend Income	$	20,019,962		$	19,987,493		$	3,966,866		$	1,813,099
Interest Income		6			—			30			—
Security Lending Income		1,350,834			—			—			—
Less: Foreign Taxes Withheld		(733,031	)		(25,123	)		(2,633	)		—
Total Investment Income		20,637,771			19,962,370			3,964,263			1,813,099
Supervision and Administration Fees⁽¹⁾		2,618,112			16,896,510			1,701,201			1,053,988
Custodian Fees⁽²⁾		20,111			52,589			4,310			3,114
Broker Fees		—			72			16			—
Total Expenses		2,638,223			16,949,171			1,705,527			1,057,102
Waiver of Supervision and Administration Fees		–			(40	)		(16	)		(175,662	)
Net Expenses		2,638,223			16,949,131			1,705,511			881,440
Net Investment Income		17,999,548			3,013,239			2,258,752			931,659
Net Realized Gain (Loss) on:
Investments⁽³⁾		(7,113,244	)		11,144,344			540,532			(667,467	)
Written Options		—			(241,508,818	)		(3,868,953	)		6,583,260
Foreign Currency Transactions		(124,234	)		—			—			—
Net Realized Gain (Loss) on Investments, Written Options and Foreign Currency Transactions		(7,237,478	)		(230,364,474	)		(3,328,421	)		5,915,793
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		115,847,219			948,294,199			80,366,528			25,917,681
Written Options		—			(212,770,075	)		(15,077,314	)		607,832
Foreign Currency Translations		8,328			—			—			—
Net Change in Unrealized Appreciation on Investments, Written Options and Foreign Currency Translations		115,855,547			735,524,124			65,289,214			26,525,513
Net Realized and Unrealized Gain on Investments, Written Options and Foreign Currency Transactions and Translations		108,618,069			505,159,650			61,960,793			32,441,306
Net Increase in Net Assets Resulting from Operations	$	126,617,617		$	508,172,889		$	64,219,545		$	33,372,965

(1)	The Supervision and Administration fees reflect the supervisory and administrative fee, which includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in 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 Notes to Financial Statements.)

The accompanying notes are an integral part of the financial statements.

308

	Statements of Operations
	For the year ended October 31, 2021

	Global X Nasdaq 100^® Covered Call & Growth ETF			Global X S&P 500^® Covered Call & Growth ETF			Global X SuperIncome™ Preferred ETF		Global X Renewable Energy Producers ETF
Investment Income:
Dividend Income	$	106,686		$	112,955		$	12,057,840	$	2,625,497
Interest Income		—			—			60		131
Security Lending Income		—			—			21,720		37,051
Less: Foreign Taxes Withheld		(138	)		(20	)		—		(288,462	)
Total Investment Income		106,548			112,935			12,079,620		2,374,217
Supervision and Administration Fees⁽¹⁾		97,164			50,636			1,226,468		754,490
Custodian Fees⁽²⁾		185			201			1,413		2,247
Broker Fees		—			31			—		—
Total Expenses		97,349			50,868			1,227,881		756,737
Net Investment Income		9,199			62,067			10,851,739		1,617,480
Net Realized Gain (Loss) on:
Investments⁽³⁾		209,900			416,983			7,442,457		7,155,092
Written Options		(464,366	)		136,373			—		—
Foreign Currency Transactions		—			—			—		2,259
Net Realized Gain (Loss) on Investments, Written Options and Foreign Currency Transactions		(254,466	)		553,356			7,442,457		7,157,351
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		5,176,460			1,966,805			7,403,025		(671,849	)
Written Options		(813,126	)		(405,123	)		—		—
Foreign Currency Translations		—			—			—		(5,502	)
Net Change in Unrealized Appreciation (Depreciation) on Investments, Written Options and Foreign Currency Translations		4,363,334			1,561,682			7,403,025		(677,351	)
Net Realized and Unrealized Gain on Investments, Written Options and Foreign Currency Transactions and Translations		4,108,868			2,115,038			14,845,482		6,480,000
Net Increase in Net Assets Resulting from Operations	$	4,118,067		$	2,177,105		$	25,697,221	$	8,097,480

(1)	The Supervision and Administration fees reflect the supervisory and administrative fee, which includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in 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 Notes to Financial Statements.)

The accompanying notes are an integral part of the financial statements.

309

	Statements of Operations
	For the year ended October 31, 2021

	Global X S&P 500^® Catholic Values ETF			Global X S&P Catholic Values Developed ex-U.S. ETF			Global X Guru^® Index ETF
Investment Income:
Dividend Income	$	7,139,358		$	95,213		$	1,548,124
Interest Income		52			4			5
Security Lending Income		—			—			38,430
Less: Foreign Taxes Withheld		(317	)		(12,029	)		(2,542	)
Total Investment Income		7,139,093			83,188			1,584,017
Supervision and Administration Fees⁽¹⁾		1,495,289			11,318			535,587
Custodian Fees⁽²⁾		216			16			642
Total Expenses		1,495,505			11,334			536,229
Net Investment Income		5,643,588			71,854			1,047,788
Net Realized Gain (Loss) on:
Investments⁽³⁾		39,989,880			59,366			16,693,239
Foreign Currency Transactions		—			(107	)		—
Net Realized Gain on Investments and Foreign Currency Transactions		39,989,880			59,259			16,693,239
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		128,170,186			724,001			3,201,689
Foreign Currency Translations		—			(203	)		—
Net Change in Unrealized Appreciation on Investments and Foreign Currency Translations		128,170,186			723,798			3,201,689
Net Realized and Unrealized Gain on Investments and Foreign Currency Transactions and Translations		168,160,066			783,057			19,894,928
Net Increase in Net Assets Resulting from Operations	$	173,803,654		$	854,911		$	20,942,716

(1)	The Supervision and Administration fees reflect the supervisory and administrative fee, which includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in 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 Notes to Financial Statements.)

The accompanying notes are an integral part of the financial statements.

310

	Statements of Operations
	For the year ended October 31, 2021

	Global X S&P 500^® Tail Risk ETF⁽¹⁾			Global X S&P 500^® Risk Managed Income ETF⁽¹⁾			Global X S&P 500^® Collar 95-110 ETF⁽¹⁾
Investment Income:
Dividend Income	$	6,248		$	7,021		$	6,105
Less: Foreign Taxes Withheld		(1	)		(2	)		(2	)
Total Investment Income		6,247			7,019			6,103
Supervision and Administration Fees⁽²⁾		3,166			3,585			3,085
Custodian Fees⁽³⁾		1			27			22
Total Expenses		3,167			3,612			3,107
Net Investment Income		3,080			3,407			2,996
Net Realized Gain (Loss) on:
Investments⁽⁴⁾		(1,146	)		(2,952	)		(1,366	)
Purchased Options		(1,741	)		175,045			8,491
Written Options		—			(137,757	)		(7,240	)
Net Realized Gain (Loss) on Investments, Purchased Options and Written Options		(2,887	)		34,336			(115	)
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		110,519			189,608			95,231
Purchased Options		(32,709	)		(23,753	)		(47,091	)
Written Options		—			(115,495	)		254
Net Change in Unrealized Appreciation on Investments, Purchased Options and Written Options		77,810			50,360			48,394
Net Realized and Unrealized Gain on Investments, Purchased Options and Written Options		74,923			84,696			48,279
Net Increase in Net Assets Resulting from Operations	$	78,003		$	88,103		$	51,275

(1)	The Fund commenced operations on August 25, 2021.
(2)	The Supervision and Administration fees reflect the supervisory and administrative fee, which includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in Notes to Financial Statements.)
(3)	See Note 2 in the Notes to Financial Statements.
(4)	Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)

The accompanying notes are an integral part of the financial statements.

311

	Statements of Operations
	For the year ended October 31, 2021

	Global X NASDAQ 100^® Tail Risk ETF⁽¹⁾			Global X NASDAQ 100^® Risk Managed Income ETF⁽¹⁾			Global X NASDAQ 100^® Collar 95-110 ETF⁽¹⁾
Investment Income:
Dividend Income	$	2,533		$	2,871		$	2,428
Less: Foreign Taxes Withheld		(3	)		(6	)		(4	)
Total Investment Income		2,530			2,865			2,424
Supervision and Administration Fees⁽²⁾		3,155			3,781			2,974
Custodian Fees⁽³⁾		—			25			10
Total Expenses		3,155			3,806			2,984
Net Investment Loss		(625	)		(941	)		(560	)
Net Realized Gain (Loss) on:
Investments⁽⁴⁾		207			(2,885	)		(1,019	)
Purchased Options		(1,993	)		144,367			42,396
Written Options		—			(140,585	)		(26,537	)
Net Realized Gain (Loss) on Investments, Purchased Options and Written Options		(1,786	)		897			14,840
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		103,601			169,255			83,674
Purchased Options		(37,860	)		(25,082	)		(45,070	)
Written Options		—			(150,519	)		1,297
Net Change in Unrealized Appreciation (Depreciation) on Investments, Purchased Options and Written Options		65,741			(6,346	)		39,901
Net Realized and Unrealized Gain (Loss) on Investments, Purchased Options and Written Options		63,955			(5,449	)		54,741
Net Increase (Decrease) in Net Assets Resulting from Operations	$	63,330		$	(6,390	)	$	54,181

(1)	The Fund commenced operations on August 25, 2021.
(2)	The Supervision and Administration fees reflect the supervisory and administrative fee, which includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in Notes to Financial Statements.)
(3)	See Note 2 in the Notes to Financial Statements.
(4)	Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)

The accompanying notes are an integral part of the financial statements.

312

	Statements of Changes in Net Assets

	Global X Social Media ETF						Global X Lithium & Battery Tech ETF
	Year Ended October 31, 2021			Year Ended October 31, 2020			Year Ended October 31, 2021			Year Ended October 31, 2020
Operations:
Net Investment Income (Loss)	$	(1,911,606	)	$	(419,184	)	$	5,390,819		$	7,436,786
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions⁽¹⁾		103,952,942			2,388,309			274,489,561			(70,959,626	)
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations		(71,438,661	)		72,141,710			1,628,377,103			380,703,549
Net Increase in Net Assets Resulting from Operations		30,602,675			74,110,835			1,908,257,483			317,180,709
Distributions		—			—			(4,617,167	)		(7,964,116	)
Capital Share Transactions:
Issued		312,935,286			42,396,781			3,085,540,584			192,232,822
Redeemed		(167,644,538	)		(11,797,388	)		(482,676,020	)		(87,679,225	)
Increase in Net Assets from Capital Share Transactions		145,290,748			30,599,393			2,602,864,564			104,553,597
Total Increase in Net Assets		175,893,423			104,710,228			4,506,504,880			413,770,190
Net Assets:
Beginning of Year		225,999,357			121,289,129			868,893,855			455,123,665
End of Year	$	401,892,780		$	225,999,357		$	5,375,398,735		$	868,893,855
Share Transactions:
Issued		4,480,000			900,000			45,050,000			5,500,000
Redeemed		(2,270,000	)		(350,000	)		(6,300,000	)		(3,400,000	)
Net Increase in Shares Outstanding from Share Transactions		2,210,000			550,000			38,750,000			2,100,000

(1)	Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)

The accompanying notes are an integral part of the financial statements.

313

	Statements of Changes in Net Assets

	Global X E-commerce ETF						Global X Emerging Markets Internet & E-commerce ETF
	Year Ended October 31, 2021			Year Ended October 31, 2020			Period Ended October 31, 2021⁽¹⁾
Operations:
Net Investment Income (Loss)	$	(220,637	)	$	236,091		$	(27,611	)
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions⁽²⁾		20,994,579			5,004,215			(323,485	)
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations		(15,365,762	)		2,848,383			(1,462,197	)
Net Increase (Decrease) in Net Assets Resulting from Operations		5,408,180			8,088,689			(1,813,293	)
Distributions		(1,105,636	)		(11,908	)		—
Capital Share Transactions:
Issued		157,633,184			92,365,190			7,267,793
Redeemed		(55,267,404	)		(12,875,911	)		(899,296	)
Increase in Net Assets from Capital Share Transactions		102,365,780			79,489,279			6,368,497
Total Increase in Net Assets		106,668,324			87,566,060			4,555,204
Net Assets:
Beginning of Year/ Period		91,082,868			3,516,808			—
End of Year/ Period	$	197,751,192		$	91,082,868		$	4,555,204
Share Transactions:
Issued		4,640,000			3,700,000			450,000
Redeemed		(1,700,000	)		(500,000	)		(70,000	)
Net Increase in Shares Outstanding from Share Transactions		2,940,000			3,200,000			380,000

(1)	The Fund commenced operations on November 9, 2020.
(2)	Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)

The accompanying notes are an integral part of the financial statements.

314

	Statements of Changes in Net Assets

	Global X SuperDividend^® ETF						Global X SuperDividend^® U.S. ETF
	Year Ended October 31, 2021			Year Ended October 31, 2020			Year Ended October 31, 2021			Year Ended October 31, 2020
Operations:
Net Investment Income	$	61,535,540		$	47,853,557		$	21,001,659		$	16,034,317
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions⁽¹⁾		73,981,878			(332,000,940	)		53,431,904			(164,403,700	)
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations		61,523,433			(31,232,599	)		114,820,912			(30,409,532	)
Net Increase (Decrease) in Net Assets Resulting from Operations		197,040,851			(315,379,982	)		189,254,475			(178,778,915	)
Distributions		(65,648,210	)		(57,676,007	)		(31,364,614	)		(28,896,892	)
Return of Capital		—			(6,836,903	)		(3,660,741	)		(9,790,983	)
Capital Share Transactions:
Issued		177,439,475			103,937,093			143,549,897			126,598,315
Redeemed		(5,271,538	)		(29,283,816	)		(40,154,269	)		(41,906,406	)
Increase in Net Assets from Capital Share Transactions		172,167,937			74,653,277			103,395,628			84,691,909
Total Increase (Decrease) in Net Assets		303,560,578			(305,239,615	)		257,624,748			(132,774,881	)
Net Assets:
Beginning of Year		626,870,894			932,110,509			412,109,568			544,884,449
End of Year	$	930,431,472		$	626,870,894		$	669,734,316		$	412,109,568
Share Transactions:
Issued		12,830,000			7,900,000			7,860,000			6,850,000
Redeemed		(400,000	)		(2,850,000	)		(2,090,000	)		(2,700,000	)
Net Increase in Shares Outstanding from Share Transactions		12,430,000			5,050,000			5,770,000			4,150,000

(1)	Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)

The accompanying notes are an integral part of the financial statements.

315

	Statements of Changes in Net Assets

	Global X MSCI SuperDividend^®EAFE ETF						Global X MSCI SuperDividend^®Emerging Markets ETF
	Year Ended October 31, 2021			Year Ended October 31, 2020			Year Ended October 31, 2021			Year Ended October 31, 2020
Operations:
Net Investment Income	$	600,163		$	420,436		$	3,890,630		$	937,936
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions⁽¹⁾		1,264,371			(2,850,672	)		1,547,026			(4,240,074	)
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations		1,338,122			(1,397,681	)		(1,736,940	)		(1,273,762	)
Net Increase (Decrease) in Net Assets Resulting from Operations		3,202,656			(3,827,917	)		3,700,716			(4,575,900	)
Distributions		(542,165	)		(454,057	)		(2,831,439	)		(1,074,084	)
Return of Capital		—			(119,148	)		—			(222,316	)
Capital Share Transactions:
Issued		4,890,027			1,244,166			41,819,662			8,390,747
Redeemed		(928,933	)		(7,934,045	)		—			—
Increase (Decrease) in Net Assets from Capital Share Transactions		3,961,094			(6,689,879	)		41,819,662			8,390,747
Total Increase (Decrease) in Net Assets		6,621,585			(11,091,001	)		42,688,939			2,518,447
Net Assets:
Beginning of Year		7,436,116			18,527,117			20,007,225			17,488,778
End of Year	$	14,057,701		$	7,436,116		$	62,696,164		$	20,007,225
Share Transactions:
Issued		310,000			100,000			3,470,000			750,000
Redeemed		(60,000	)		(600,000	)		—			—
Net Increase (Decrease) in Shares Outstanding from Share Transactions		250,000			(500,000	)		3,470,000			750,000

(1)	Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)

The accompanying notes are an integral part of the financial statements.

316

	Statements of Changes in Net Assets

	Global X SuperDividend^® REIT ETF						Global X NASDAQ 100^® Covered Call ETF
	Year Ended October 31, 2021			Year Ended October 31, 2020			Year Ended October 31, 2021			Year Ended October 31, 2020
Operations:
Net Investment Income	$	17,999,548		$	20,875,910		$	3,013,239		$	2,834,579
Net Realized Loss on Investments, Written Options and Foreign Currency Transactions⁽¹⁾		(7,237,478	)		(189,607,476	)		(230,364,474	)		(362,054,221	)
Net Change in Unrealized Appreciation (Depreciation) on Investments, Written Options and Foreign Currency Translations		115,855,547			(86,948,832	)		735,524,124			350,742,699
Net Increase (Decrease) in Net Assets Resulting from Operations		126,617,617			(255,680,398	)		508,172,889			(8,476,943	)
Distributions		(19,492,525	)		(30,276,922	)		(320,053,733	)		(2,834,579	)
Return of Capital		(9,729,725	)		(2,127,168	)		—			(117,268,361	)
Capital Share Transactions:
Issued		112,985,429			353,909,646			3,548,421,512			751,004,959
Redeemed		(54,071,703	)		(118,989,550	)		(25,968,248	)		(64,819,105	)
Increase in Net Assets from Capital Share Transactions		58,913,726			234,920,096			3,522,453,264			686,185,854
Total Increase (Decrease) in Net Assets		156,309,093			(53,164,392	)		3,710,572,420			557,605,971
Net Assets:
Beginning of Year		311,625,175			364,789,567			1,325,642,327			768,036,356
End of Year	$	467,934,268		$	311,625,175		$	5,036,214,747		$	1,325,642,327
Share Transactions:
Issued		11,980,000			27,700,000			157,690,000			34,200,000
Redeemed		(5,540,000	)		(10,300,000	)		(1,160,000	)		(3,250,000	)
Net Increase in Shares Outstanding from Share Transactions		6,440,000			17,400,000			156,530,000			30,950,000

(1)	Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)

The accompanying notes are an integral part of the financial statements.

317

	Statements of Changes in Net Assets

	Global X S&P 500^® Covered Call ETF						Global X Russell 2000 Covered Call ETF
	Year Ended October 31, 2021			Year Ended October 31, 2020			Year Ended October 31, 2021			Year Ended October 31, 2020
Operations:
Net Investment Income	$	2,258,752		$	1,494,418		$	931,659		$	82,683
Net Realized Gain (Loss) on Investments and Written Options⁽¹⁾		(3,328,421	)		(8,346,049	)		5,915,793			(2,140,737	)
Net Change in Unrealized Appreciation (Depreciation) on Investments and Written Options		65,289,214			(7,125,377	)		26,525,513			1,139,858
Net Increase (Decrease) in Net Assets Resulting from Operations		64,219,545			(13,977,008	)		33,372,965			(918,196	)
Distributions		(26,627,258	)		(1,539,799	)		(21,788,088	)		(157,338	)
Return of Capital		—			(7,321,411	)		—			(1,449,526	)
Capital Share Transactions:
Issued		535,288,406			59,320,432			521,879,514			16,222,704
Redeemed		(7,017,545	)		(65,843,588	)		(493,345	)		(1,056,273	)
Increase (Decrease) in Net Assets from Capital Share Transactions		528,270,861			(6,523,156	)		521,386,169			15,166,431
Total Increase (Decrease) in Net Assets		565,863,148			(29,361,374	)		532,971,046			12,641,371
Net Assets:
Beginning of Year		103,991,720			133,353,094			21,474,754			8,833,383
End of Year	$	669,854,868		$	103,991,720		$	554,445,800		$	21,474,754
Share Transactions:
Issued		11,000,000			1,250,000			20,990,000			750,000
Redeemed		(150,000	)		(1,500,000	)		(20,000	)		(50,000	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		10,850,000			(250,000	)		20,970,000			700,000

(1)	Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)

The accompanying notes are an integral part of the financial statements.

318

	Statements of Changes in Net Assets

	Global X Nasdaq 100^® Covered Call & Growth ETF						Global X S&P 500^® Covered Call & Growth ETF
	Year Ended October 31, 2021			Period Ended October 31, 2020⁽¹⁾			Year Ended October 31, 2021			Period Ended October 31, 2020⁽¹⁾
Operations:
Net Investment Income (Loss)	$	9,199		$	(468	)	$	62,067		$	2,911
Net Realized Gain (Loss) on Investments and Written Options⁽²⁾		(254,466	)		(83,188	)		553,356			(52,329	)
Net Change in Unrealized Appreciation (Depreciation) on Investments and Written Options		4,363,334			(30,947	)		1,561,682			(17,901	)
Net Increase (Decrease) in Net Assets Resulting from Operations		4,118,067			(114,603	)		2,177,105			(67,319	)
Distributions		(919,727	)		—			(376,497	)		(2,931	)
Return of Capital		—			(20,955	)		—			(16,682	)
Capital Share Transactions:
Issued		37,707,138			6,703,114			33,611,221			3,790,823
Redeemed		(2,801,664	)		—			(4,097,596	)		—
Increase in Net Assets from Capital Share Transactions		34,905,474			6,703,114			29,513,625			3,790,823
Total Increase in Net Assets		38,103,814			6,567,556			31,314,233			3,703,891
Net Assets:
Beginning of Year/Period		6,567,556			—			3,703,891			—
End of Year/Period	$	44,671,370		$	6,567,556		$	35,018,124		$	3,703,891
Share Transactions:
Issued		1,200,000			249,999			1,100,000			149,999
Redeemed		(100,000	)		—			(150,000	)		—
Net Increase in Shares Outstanding from Share Transactions		1,100,000			249,999			950,000			149,999

(1)	The Fund commenced operations on September 18, 2020.
(2)	Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)

The accompanying notes are an integral part of the financial statements.

319

	Statements of Changes in Net Assets

	Global X SuperIncome™ Preferred ETF						Global X Renewable Energy Producers ETF
	Year Ended October 31, 2021			Year Ended October 31, 2020			Year Ended October 31, 2021			Year Ended October 31, 2020
Operations:
Net Investment Income	$	10,851,739		$	10,122,981		$	1,617,480		$	1,290,726
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions⁽¹⁾		7,442,457			(9,284,388	)		7,157,351			1,497,337
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations		7,403,025			(2,761,284	)		(677,351	)		(96,682	)
Net Increase (Decrease) in Net Assets Resulting from Operations		25,697,221			(1,922,691	)		8,097,480			2,691,381
Distributions		(12,037,890	)		(10,818,268	)		(1,854,987	)		(1,352,385	)
Return of Capital		—			(549,532	)		—			—
Capital Share Transactions:
Issued		44,774,820			24,650,476			127,915,612			43,544,055
Redeemed		(7,496,771	)		(28,436,633	)		(53,373,821	)		(4,895,974	)
Increase (Decrease) in Net Assets from Capital Share Transactions		37,278,049			(3,786,157	)		74,541,791			38,648,081
Total Increase (Decrease) in Net Assets		50,937,380			(17,076,648	)		80,784,284			39,987,077
Net Assets:
Beginning of Year		184,015,344			201,091,992			66,192,010			26,204,933
End of Year	$	234,952,724		$	184,015,344		$	146,976,294		$	66,192,010
Share Transactions:
Issued		3,760,000			2,200,000			7,360,000			2,900,000
Redeemed		(630,000	)		(2,800,000	)		(3,070,000	)		(350,000	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		3,130,000			(600,000	)		4,290,000			2,550,000

(1)	Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)

The accompanying notes are an integral part of the financial statements.

320

	Statements of Changes in Net Assets

	Global X S&P 500^® Catholic Values ETF						Global X S&P Catholic Values Developed ex-U.S. ETF
	Year Ended October 31, 2021			Year Ended October 31, 2020			Year Ended October 31, 2021			Period Ended October 31, 2020⁽¹⁾
Operations:
Net Investment Income	$	5,643,588		$	4,980,263		$	71,854		$	18,647
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions⁽²⁾		39,989,880			16,852,821			59,259			(2,816	)
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations		128,170,186			13,850,451			723,798			(23,250	)
Net Increase (Decrease) in Net Assets Resulting from Operations		173,803,654			35,683,535			854,911			(7,419	)
Distributions		(5,511,704	)		(4,642,650	)		(59,322	)		—
Capital Share Transactions:
Issued		127,314,441			118,264,481			970,818			2,505,028
Redeemed		(80,673,768	)		(45,763,409	)		—			—
Increase in Net Assets from Capital Share Transactions		46,640,673			72,501,072			970,818			2,505,028
Total Increase in Net Assets		214,932,623			103,541,957			1,766,407			2,497,609
Net Assets:
Beginning of Year/Period		379,052,729			275,510,772			2,497,609			—
End of Year/Period	$	593,985,352		$	379,052,729		$	4,264,016		$	2,497,609
Share Transactions:
Issued		2,520,000			3,150,000			30,000			99,999
Redeemed		(1,540,000	)		(1,150,000	)		—			—
Net Increase in Shares Outstanding from Share Transactions		980,000			2,000,000			30,000			99,999

(1)	The Fund commenced operations on June 22, 2020.
(2)	Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)

The accompanying notes are an integral part of the financial statements.

321

	Statements of Changes in Net Assets

	Global X Guru^® Index ETF						Global X S&P 500^® Tail Risk ETF
	Year Ended October 31, 2021			Year Ended October 31, 2020			Period Ended October 31, 2021⁽¹⁾
Operations:
Net Investment Income	$	1,047,788		$	532,416		$	3,080
Net Realized Gain (Loss) on Investments, Purchased Options and Written Options⁽²⁾		16,693,239			5,774,378			(2,887	)
Net Change in Unrealized Appreciation (Depreciation) on Investments, Purchased Options and Written Options		3,201,689			(1,127,648	)		77,810
Net Increase in Net Assets Resulting from Operations		20,942,716			5,179,146			78,003
Distributions		(1,352,859	)		(538,248	)		—
Return of Capital		—			(28,732	)		—
Capital Share Transactions:
Issued		22,506,630			—			3,526,120
Redeemed		(22,201,951	)		(4,784,665	)		—
Increase (Decrease) in Net Assets from Capital Share Transactions		304,679			(4,784,665	)		3,526,120
Total Increase (Decrease) in Net Assets		19,894,536			(172,499	)		3,604,123
Net Assets:
Beginning of Year/Period		55,961,499			56,133,998			—
End of Year/Period	$	75,856,035		$	55,961,499		$	3,604,123
Share Transactions:
Issued		480,000			—			130,000
Redeemed		(470,000	)		(150,000	)		—
Net Increase (Decrease) in Shares Outstanding from Share Transactions		10,000			(150,000	)		130,000

(1)	The Fund commenced operations on August 25, 2021.
(2)	Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)

The accompanying notes are an integral part of the financial statements.

322

	Statements of Changes in Net Assets

	Global X S&P 500^® Risk Managed Income ETF			Global X S&P 500^® Collar 95-110 ETF
	Period Ended October 31, 2021⁽¹⁾			Period Ended October 31, 2021⁽¹⁾
Operations:
Net Investment Income	$	3,407		$	2,996
Net Realized Gain (Loss) on Investments, Purchased Options and Written Options⁽²⁾		34,336			(115	)
Net Change in Unrealized Appreciation (Depreciation) on Investments, Purchased Options and Written Options		50,360			48,394
Net Increase in Net Assets Resulting from Operations		88,103			51,275
Distributions		(51,640	)		—
Capital Share Transactions:
Issued		5,865,129			3,257,141
Increase in Net Assets from Capital Share Transactions		5,865,129			3,257,141
Total Increase in Net Assets		5,901,592			3,308,416
Net Assets:
Beginning of Period		—			—
End of Period	$	5,901,592		$	3,308,416
Share Transactions:
Issued		220,000			120,000
Net Increase in Shares Outstanding from Share Transactions		220,000			120,000

(1)	The Fund commenced operations on August 25, 2021.
(2)	Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)

The accompanying notes are an integral part of the financial statements.

323

	Statements of Changes in Net Assets

	Global X NASDAQ 100^® Tail Risk ETF			Global X NASDAQ 100^® Risk Managed Income ETF
	Period Ended October 31, 2021⁽¹⁾			Period Ended October 31, 2021⁽¹⁾
Operations:
Net Investment Loss	$	(625	)	$	(941	)
Net Realized Gain (Loss) on Investments, Purchased Options and Written Options⁽²⁾		(1,786	)		897
Net Change in Unrealized Appreciation (Depreciation) on Investments, Purchased Options and Written Options		65,741			(6,346	)
Net Increase (Decrease) in Net Assets Resulting from Operations		63,330			(6,390	)
Return of Capital		—			(52,273	)
Capital Share Transactions:
Issued		3,262,936			4,400,103
Increase in Net Assets from Capital Share Transactions		3,262,936			4,400,103
Total Increase in Net Assets		3,326,266			4,341,440
Net Assets:
Beginning of Period		—			—
End of Period	$	3,326,266		$	4,341,440
Share Transactions:
Issued		130,000			180,000
Net Increase in Shares Outstanding from Share Transactions		130,000			180,000

(1)	The Fund commenced operations on August 25, 2021.
(2)	Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)

The accompanying notes are an integral part of the financial statements.

324

	Statements of Changes in Net Assets

	Global X NASDAQ 100^® Collar 95-110 ETF
	Period Ended October 31, 2021⁽¹⁾
Operations:
Net Investment Loss	$	(560	)
Net Realized Gain on Investments and Purchased Options⁽²⁾		14,840
Net Change in Unrealized Appreciation (Depreciation) on Investments and Purchased Options		39,901
Net Increase in Net Assets Resulting from Operations		54,181
Capital Share Transactions:
Issued		2,782,080
Increase in Net Assets from Capital Share Transactions		2,782,080
Total Increase in Net Assets		2,836,261
Net Assets:
Beginning of Period		—
End of Period	$	2,836,261
Share Transactions:
Issued		110,000
Net Increase in Shares Outstanding from Share Transactions		110,000

(1)	The Fund commenced operations on August 25, 2021.
(2)	Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)

The accompanying notes are an integral part of the financial statements.

325

	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 Social Media ETF
2021		51.95		(0.31	)		9.62			9.31			—			—			—
2020		31.92		(0.11	)		20.14			20.03			—			—			—
2019		29.10		(0.10	)		2.92			2.82			—			—			—
2018		32.67		(0.06	)		(3.02	)		(3.08	)		(0.49	)		—			—
2017		23.53		0.10			9.08			9.18			(0.04	)		—			—
Global X Lithium & Battery Tech ETF
2021		42.86		0.12			48.21			48.33			(0.12	)		—			—
2020		25.04		0.40			17.86			18.26			(0.44	)		—			—
2019		30.32		0.48			(4.86	)		(4.38	)		(0.90	)		—			—
2018		39.14		0.33			(7.89	)		(7.56	)		(1.26	)		—			—
2017		24.02		0.33			15.31			15.64			(0.52	)		—			—
Global X E-commerce ETF
2021		26.79		(0.04	)		4.70			4.66			(0.13	)		(0.13	)		—
2020		17.58		0.19			9.05			9.24			(0.03	)		—			—
2019⁽¹⁾		15.00		(0.05	)		2.63			2.58			—			—			—
Global X Emerging Markets Internet & E-commerce ETF
2021⁽²⁾		14.79		(0.07	)		(2.73	)		(2.80	)		—			—			—

The accompanying notes are an integral part of the financial statements.

326

	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 (%)††

	—			61.26		17.94			401,893		0.65			(0.48	)		30.89
	—			51.95		62.75			225,999		0.65			(0.28	)		19.23
	—			31.92		9.69			121,289		0.65			(0.33	)		16.92
	(0.49	)		29.10		(9.61	)		129,496		0.65			(0.16	)		21.36
	(0.04	)		32.67		39.09			164,998		0.65			0.35			41.40

	(0.12	)		91.07		112.89			5,375,399		0.75			0.17			39.09
	(0.44	)		42.86		73.82			868,894		0.75			1.30			65.14
	(0.90	)		25.04		(14.61	)		455,124		0.75			1.75			35.28
	(1.26	)		30.32		(20.01	)		739,153		0.75			0.96			16.48
	(0.52	)		39.14		66.46			950,071		0.75			1.02			68.13

	(0.26	)		31.19		17.39			197,751		0.50			(0.11	)		14.64
	(0.03	)		26.79		52.67			91,083		0.50			0.75			42.01
	—			17.58		17.20			3,517		0.68	†		(0.32	)†		23.50

	—			11.99		(18.93	)		4,555		0.65	†		(0.49	)†		23.61

*	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 November 27, 2018.
(2)	The Fund commenced operations on November 9, 2020.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

327

	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 SuperDividend^® ETF
2021		10.61		0.94		2.46			3.40			(1.00	)		—			—
2020		17.25		0.86		(6.34	)		(5.48	)		(1.04	)		—			(0.12	)
2019		19.06		1.24		(1.47	)		(0.23	)		(1.38	)		—			(0.20	)
2018		21.51		1.35		(2.26	)		(0.91	)		(1.43	)		—			(0.11	)
2017		20.43		1.08		1.45			2.53			(1.22	)		—			(0.23	)
Global X SuperDividend^® U.S. ETF
2021		14.99		0.65		5.59			6.24			(0.99	)		—			(0.11	)
2020		23.34		0.62		(7.45	)		(6.83	)		(1.14	)		—			(0.38	)
2019		24.53		1.12		(0.56	)		0.56			(1.49	)		—			(0.26	)
2018		25.18		1.07		(0.17	)		0.90			(1.35	)		—			(0.20	)
2017		24.00		0.79		1.94			2.73			(0.96	)		—			(0.59	)
Global X MSCI SuperDividend^® EAFE ETF
2021		11.44		0.79		4.10			4.89			(0.71	)		—			—
2020		16.11		0.56		(4.53	)		(3.97	)		(0.55	)		—			(0.15	)
2019		15.96		0.82		0.36			1.18			(1.03	)		—			—
2018		18.13		1.12		(2.04	)		(0.92	)		(1.10	)		(0.15	)		—
2017⁽¹⁾		14.87		0.81		3.04			3.85			(0.59	)		—			—

The accompanying notes are an integral part of the financial statements.

328

	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 (%)††

	(1.00	)		13.01		32.21			930,431		0.58			6.98			82.37
	(1.16	)		10.61		(32.80	)		626,871		0.59			6.62			124.55
	(1.58	)		17.25		(1.02	)		932,111		0.59			7.03			56.85
	(1.54	)		19.06		(4.65	)		912,968		0.59			6.48			59.48
	(1.45	)		21.51		12.69			992,893		0.58			5.07			67.38

	(1.10	)		20.13		42.53			669,734		0.45			3.41			60.53
	(1.52	)		14.99		(30.12	)		412,110		0.45			3.50			93.44
	(1.75	)		23.34		2.61			544,884		0.46			4.83			60.00
	(1.55	)		24.53		3.66			413,311		0.46			4.31			33.25
	(1.55	)		25.18		11.64			425,579		0.45			3.15			53.01

	(0.71	)		15.62		43.05			14,058		0.55			5.12			88.53
	(0.70	)		11.44		(25.24	)		7,436		0.56			4.07			59.28
	(1.03	)		16.11		7.81			18,527		0.56			5.23			29.81
	(1.25	)		15.96		(5.59	)		4,788		0.56			6.36			52.96
	(0.59	)		18.13		26.19			1,813		0.56	†		4.97	†		45.40

*	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 November 14, 2016.

The accompanying notes are an integral part of the financial statements.

329

	Financial Highlights

Selected Per Share Data & Ratios

For a Share Outstanding Throughout the Period

	Net Asset Value, Beginning of Period ($)		Net Investment Income ($)*		Net Realized and Unrealized Gain (Loss) on Investments ($)			Total from Operations ($)			Distribution from Net Investment Income ($)			Distribution from Capital Gains ($)		Return of Capital ($)
Global X MSCI SuperDividend^® Emerging Markets ETF
2021		9.53		1.02		1.45			2.47			(0.74	)		—		—
2020		12.95		0.55		(3.17	)		(2.62	)		(0.66	)		—		(0.14	)
2019		12.91		0.87		0.05			0.92			(0.88	)		—		—
2018		15.94		0.90		(3.02	)		(2.12	)		(0.91	)		—		—
2017		14.96		0.83		0.91			1.74			(0.76	)		—		—
Global X SuperDividend^® REIT ETF
2021		7.56		0.38		2.50			2.88			(0.41	)		—		(0.21	)
2020		15.33		0.56		(7.41	)		(6.85	)		(0.86	)		—		(0.06	)
2019		14.62		0.99		0.91			1.90			(1.19	)		—		—
2018		15.29		0.92		(0.28	)		0.64			(1.31	)		—		—
2017		14.60		0.86		0.96			1.82			(1.13	)		—		—

The accompanying notes are an integral part of the financial statements.

330

	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 (%)††

	(0.74	)		11.26		25.83			62,696		0.72		8.59		102.27
	(0.80	)		9.53		(21.01	)		20,007		0.67		5.04		93.04
	(0.88	)		12.95		7.14			17,489		0.66		6.51		66.65
	(0.91	)		12.91		(14.10	)		12,260		0.67		5.89		79.52
	(0.76	)		15.94		11.95			12,748		0.66		5.25		122.32

	(0.62	)		9.82		38.84			467,934		0.58		3.99		59.44
	(0.92	)		7.56		(45.94	)		311,625		0.58		5.74		106.23
	(1.19	)		15.33		13.68			364,790		0.59		6.71		34.16
	(1.31	)		14.62		4.30			118,408		0.59		6.15		41.61
	(1.13	)		15.29		13.00			51,986		0.58		5.74		54.96

*	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.

The accompanying notes are an integral part of the financial statements.

331

	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^® Covered Call ETF
2021		20.65		0.02		4.73			4.75			(2.58	)		—			—
2020		23.10		0.06		(0.06	)		—			(0.06	)		—			(2.39	)
2019		23.45		0.06		1.95			2.01			(1.83	)		—			(0.53	)
2018		24.30		0.07		1.71			1.78			(0.87	)		(0.11	)		(1.65	)
2017		22.06		0.12		3.93			4.05			(1.81	)		—			—
Global X S&P 500^® Covered Call ETF ⁽⁶⁾
2021		42.45		0.39		12.14			12.53			(4.61	)		—			—
2020		49.39		0.56		(4.17	)		(3.61	)		(0.58	)		—			(2.75	)
2019		48.56		0.56		3.30			3.86			(2.27	)		(0.39	)		(0.37	)
2018		50.10		0.62		1.88			2.50			(0.22	)		(1.22	)		(2.60	)
2017⁽⁴⁾		47.62		0.34		2.67			3.01			(0.53	)		—			—
2017⁽⁵⁾		43.11		0.66		5.39			6.05			(1.54	)		—			—

The accompanying notes are an integral part of the financial statements.

332

	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 (%)††

	(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	⁽¹⁾		0.27			27.87
	(2.36	)		23.10		9.39			768,036		0.85	⁽¹⁾		0.26			11.82
	(2.63	)		23.45		7.44			395,202		0.68	⁽²⁾		0.30			15.00
	(1.81	)		24.30		19.04			157,980		0.60			0.53			4.00

	(4.61	)		50.37		30.67			669,855		0.60			0.80			4.84
	(3.33	)		42.45		(7.42	)		103,992		0.71	⁽³⁾		1.22			7.29
	(3.03	)		49.39		8.40			133,353		0.87	⁽³⁾		1.16			3.92
	(4.04	)		48.56		4.97			77,701		0.65			1.22			4.00
	(0.53	)		50.10		6.35			62,628		0.65	†		1.39	†		8.00
	(1.54	)		47.62		14.29			64,413		0.65			1.46			21.00

*	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)	Excluding broker fees on written options, the ratio of expenses to average net assets would have been 0.60% and 0.60% for the year ended October 31, 2020 and October 31, 2019, respectively. 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% and 0.60% for the year ended October 31, 2020 and year ended October 31, 2019.
(2)	Includes excise tax. If this excise expense was not included, the ratio would have been 0.60%.
(3)	Excluding broker fees on written options, the ratio of expenses to average net assets would have been 0.64% and 0.65% for the year ended October 31, 2020 and year ended October 31, 2019, respectively. 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% and 0.65% for the year ended October 31, 2020 and year ended October 31, 2019.
(4)	Effective October 31, 2017, the Predecessor Fund changed its fiscal year end from April 30 to October 31. The information presented is from May 1, 2017 through October 31, 2017.
(5)	For the year or period ended April 30.
(6)	The financial statements include the financial information of the Predecessor Funds through December 21, 2018 (See Note 1 in Notes to Financial Statements). As a result of the Reorganization, the Fund assumed the performance and accounting history of the Predecessor Fund. Accordingly, performance figures for the Fund for periods prior to the date of the Reorganization represent the performance of the Predecessor Fund.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

333

	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 Russell 2000 Covered Call ETF
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	)
2019⁽³⁾		25.00		0.09		1.37			1.46			(1.22	)		—			—
Global X Nasdaq 100^® Covered Call & Growth ETF
2021		26.27		0.02		8.56			8.58			(1.76	)		—			—
2020⁽⁴⁾		26.30		—		0.11			0.11			—			—			(0.14	)
Global X S&P 500^® Covered Call & Growth ETF
2021		24.69		0.22		8.29			8.51			(1.37	)		—			—
2020⁽⁴⁾		25.22		0.02		(0.41	)		(0.39	)		(0.02	)		—			(0.12	)

The accompanying notes are an integral part of the financial statements.

334

	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 (%)††

	(2.90	)		25.18		38.82			554,446		0.50	⁽¹⁾⁽²⁾		0.53			8.94
	(2.40	)		20.45		(9.18	)		21,475		0.56	⁽¹⁾⁽²⁾		0.68			11.16
	(1.22	)		25.24		5.99			8,833		0.82	†⁽¹⁾⁽²⁾		0.68	†		5.82

	(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

	(1.37	)		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

*	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)	Excluding broker fees on written options, the ratio of expenses to average net assets would have been 0.60% 0.60%, and 0.60% for the year ended October 31, 2021, October 31, 2020 and period ended October 31, 2019, respectively.
(2)	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%, 0.68% and 0.97% for the year ended October 31, 2021, year ended October 31, 2020 and period ended October 31, 2019, respectively.
(3)	The Fund commenced operations on April 17, 2019.
(4)	The Fund commenced operations on September 18, 2020.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

335

	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 SuperIncome™ Preferred ETF
2021		11.12		0.61		0.89			1.50			(0.68	)		—			—
2020		11.73		0.60		(0.53	)		0.07			(0.65	)		—			(0.03	)
2019		11.49		0.66		0.32			0.98			(0.73	)		—			(0.01	)
2018		12.44		0.78		(0.88	)		(0.10	)		(0.85	)		—			—
2017		13.16		0.82		(0.65	)		0.17			(0.85	)		—			(0.04	)
Global X Renewable Energy Producers ETF
2021		14.87		0.23		2.05			2.28			(0.30	)		(0.03	)		—
2020		13.79		0.41		1.13			1.54			(0.46	)		—			—
2019		11.52		0.13		2.61			2.74			(0.47	)		—			—
2018		12.53		0.37		(0.80	)		(0.43	)		(0.50	)		—			(0.08	)
2017		11.16		0.28		1.59			1.87			(0.50	)		—			—

The accompanying notes are an integral part of the financial statements.

336

	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 (%)††

	(0.68	)		11.94		13.71			234,953		0.58		5.13		98.47
	(0.68	)		11.12		0.81			184,015		0.58		5.47		67.65
	(0.74	)		11.73		8.87			201,092		0.58		5.72		55.98
	(0.85	)		11.49		(0.87	)		186,154		0.58		6.48		105.48
	(0.89	)		12.44		1.31			236,331		0.58		6.39		45.12

	(0.33	)		16.82		15.37			146,976		0.65		1.39		55.97
	(0.46	)		14.87		11.39			66,192		0.65		2.89		29.27
	(0.47	)		13.79		24.34			26,205		0.65		1.01		87.06
	(0.58	)		11.52		(3.50	)		15,556		0.65		3.07		33.50
	(0.50	)		12.53		17.30			20,046		0.65		2.37		25.99

*	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.

The accompanying notes are an integral part of the financial statements.

337

	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^® Catholic Values ETF
2021		40.32		0.56		16.89			17.45			(0.55	)		—			—
2020		37.23		0.58		3.08			3.66			(0.55	)		(0.02	)		—
2019		33.59		0.58		3.92			4.50			(0.81	)		(0.05	)		—
2018		31.83		0.58		1.60			2.18			(0.41	)		(0.01	)		—
2017		25.74		0.48		5.74			6.22			(0.13	)			***		—
Global X S&P Catholic Values Developed ex-U.S. ETF
2021		24.98		0.70		7.71			8.41			(0.59	)		—			—
2020⁽¹⁾		25.05		0.19		(0.26	)		(0.07	)		—			—			—
Global X Guru^® Index ETF
2021		37.31		0.69		13.14			13.83			(0.90	)	��	—			—
2020		34.02		0.33		3.32			3.65			(0.34	)		—			(0.02	)
2019		30.09		0.12		4.02			4.14			(0.17	)		—			(0.04	)
2018		28.70		0.11		1.44			1.55			(0.16	)		—			—
2017		23.14		0.14		5.47			5.61			(0.05	)		—			—

The accompanying notes are an integral part of the financial statements.

338

	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 (%)††

	(0.55	)		57.22		43.54			593,985		0.29			1.09			8.29
	(0.57	)		40.32		9.89			379,053		0.29			1.51			5.55
	(0.86	)		37.23		13.86			275,511		0.29			1.66			8.54
	(0.42	)		33.59		6.86			147,789	0.29@				1.72			4.33
	(0.13	)		31.83		24.27			114,581	0.29@				1.64			6.09

	(0.59	)		32.80		33.79			4,264		0.35			2.22			17.17
	—			24.98		(0.28	)		2,498		0.35	†		2.02	†		4.04

	(0.90	)		50.24		37.43			75,856		0.75			1.47			121.91
	(0.36	)		37.31		10.84			55,961		0.75			0.96			124.90
	(0.21	)		34.02		13.90			56,134		0.75			0.38			126.44
	(0.16	)		30.09		5.40			57,180		0.75			0.36			112.64
	(0.05	)		28.70		24.30			55,956		0.75			0.54			94.71

@	The ratio of Expenses to Average Net Assets includes the effect of a waiver. If these offsets were excluded, the ratio would have been 0.39%, for the Global X S&P 500^® Catholic Values ETF.
*	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.
***	Amount rounds to less than $0.005.
†	Annualized.
††	Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers.
(1)	The Fund commenced operations on June 22, 2020

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

339

	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^® Tail Risk ETF
2021⁽¹⁾		27.33		0.03			0.36			0.39			—			—		—
Global X S&P 500^® Risk Managed Income ETF
2021⁽¹⁾		26.77		0.03			0.39			0.42			(0.36	)		—		—
Global X S&P 500^® Collar 95-110 ETF
2021⁽¹⁾		27.28		0.03			0.26			0.29			—			—		—
Global X NASDAQ 100^® Tail Risk ETF
2021⁽¹⁾		25.13		(0.01	)		0.47			0.46			—			—		—
Global X NASDAQ 100^® Risk Managed Income ETF
2021⁽¹⁾		24.60		(0.01	)		(0.16	)		(0.17	)		—			—		(0.31	)
Global X NASDAQ 100^® Collar 95-110 ETF
2021⁽¹⁾		25.27		(0.01	)		0.52			0.51			—			—		—

The accompanying notes are an integral part of the financial statements.

340

	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 (%)††

	—			27.72		1.43			3,604		0.60	†		0.58	†		6.21

	(0.36	)		26.83		1.60			5,902		0.60	†		0.57	†		7.08

	—			27.57		1.06			3,308		0.60	†		0.58	†		6.44

	—			25.59		1.83			3,326		0.60	†		(0.12	)†		1.71

	(0.31	)		24.12		(0.69	)		4,341		0.60	†		(0.15	)†		2.16

	—			25.78		2.06			2,836		0.60	†		(0.11	)†		2.11

*	Per share data calculated using average shares method.
**	Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.
†	Annualized.
††	Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers.
(1)	The Fund commenced operations on August 25, 2021.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

341

	Notes to Financial Statements
	October 31, 2021

1. ORGANIZATION

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, as amended, as an open-end management investment company. As of October 31, 2021, the Trust had ninety-seven portfolios, eighty-eight of which were operational. The financial statements herein and the related notes pertain to the Global X Social Media ETF, Global X Lithium & Battery Tech ETF, Global X E-commerce ETF, Global X Emerging Markets Internet & E-commerce ETF, Global X SuperDividend^® ETF, Global X SuperDividend^® U.S. ETF, Global X MSCI SuperDividend^® EAFE ETF, Global X MSCI SuperDividend^® Emerging Markets ETF, Global X SuperDividend^® REIT ETF, Global X NASDAQ 100^® Covered Call ETF, Global X S&P 500^® 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 SuperIncome™ Preferred ETF, Global X Renewable Energy Producers ETF, Global X S&P 500^® Catholic Values ETF, Global X S&P Catholic Values Developed ex-U.S. ETF, Global X Guru^® Index ETF, Global X S&P 500^® Tail Risk ETF, Global X S&P 500^® Risk Managed Income ETF, Global X S&P 500^® Collar 95-110 ETF, Global X NASDAQ 100^® Tail Risk ETF, Global X NASDAQ 100^® Risk Managed Income ETF and Global X NASDAQ 100^® Collar 95-110 ETF (each a “Fund”, collectively, the “Funds”).

Each Fund (except the Global X SuperDividend^® ETF, Global X SuperDividend^® U.S. ETF, Global X MSCI SuperDividend^® Emerging Markets ETF, Global X MSCI SuperDividend^® EAFE ETF, Global X SuperDividend^® REIT ETF, Global X SuperIncome^TM Preferred ETF, Global X Guru^® Index ETF, Global X S&P 500^® Catholic Values ETF, Global X Russell 2000 Covered Call ETF, Global X S&P 500^® Covered Call ETF, Global X S&P 500^®Covered Call & Growth ETF, Global X S&P 500^® Tail Risk ETF, Global X S&P 500^® Risk Managed Income ETF, and Global X S&P 500^® Collar 95-110 ETF) has elected non-diversified status.

The Global X Emerging Markets Internet & E-commerce ETF commenced operations on November 9, 2020.

Effective February 2, 2021, the Global X YieldCo & Renewable Energy Income ETF was renamed the Global X Renewable Energy Producers ETF, and its underlying index was changed to the Indxx Renewable Energy Producers Index.

The Global X S&P 500^® Tail Risk ETF, Global X S&P 500^® Risk Managed Income ETF, Global X S&P 500^® Collar 95-110 ETF, Global X NASDAQ 100^® Tail Risk ETF, Global X NASDAQ 100^® Risk Managed Income ETF, and Global X NASDAQ 100^® Collar 95-110 ETF commenced operations on August 25, 2021.

342

	Notes to Financial Statements (continued)
	October 31, 2021

1. ORGANIZATION (continued)

On December 24, 2018, the shareholders of the Horizons NASDAQ 100^® Covered Call ETF and Horizons S&P 500^® Covered Call ETF (each, a “Predecessor Fund” and together, the “Predecessor Funds”) approved a proposed agreement and plan of reorganization (the “Reorganization”) that provided for (a) the transfer of all the assets and assumption of certain of the liabilities of each Predecessor Fund to the Global X Nasdaq 100^® Covered Call ETF and the Global X S&P 500^® Covered Call ETF (together, the “Successor Funds”), respectively; (b) the issuance of shares of the Successor Fund to the shareholders of the corresponding Predecessor Fund; and (c) the liquidation and termination of the Predecessor Funds. The effective date of the Reorganization of each Predecessor Fund was December 24, 2018. The Successor Funds had no operations prior to the Reorganization. The Predecessor Funds had substantially similar investment objectives, investment strategies, policies and restrictions as those of the Successor Funds. The financial statements and financial highlights include the financial information of the Predecessor Funds through December 21, 2018.

2. SIGNIFICANT ACCOUNTING POLICIES

The following is a summary of the significant accounting policies followed by the Funds:

USE OF ESTIMATES – The Funds are investment companies that apply the accounting and reporting guidance issued in Topic 946 by the U.S. Financial Accounting Standards Board. The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could materially differ from those estimates.

RETURN OF CAPITAL ESTIMATES – Distributions received by the Funds from underlying master limited partnership (“MLP”) and real estate investment trust (“REIT”) investments generally are comprised of income and return of capital. The Funds record investment income and return of capital based on estimates made at the time such distributions are received. Such estimates are based on historical information available from the MLPs, REITs and other industry sources. These estimates may subsequently be 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

343

	Notes to Financial Statements (continued)
	October 31, 2021

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

Section 7704(d) of the Internal Revenue Code of 1986, as amended (the ��Code”). These qualifying sources include natural resource-based activities such as the processing, transportation and storage of mineral or natural resources. MLPs generally have two classes of owners: the general partner and limited partners. The general partner of an MLP is typically owned by a major energy company, an investment fund, the direct management of the MLP, or is an entity owned by one or more of such parties. The general partner may be structured as a private or publicly traded corporation or other entity.

The general partner typically controls the operations and management of the MLP through an up to 2% equity interest in the MLP plus, in many cases, ownership of common units and subordinated units.

Limited partners typically own the remainder of the partnership through ownership of common units, and have a limited role in the partnership’s operations and management. MLPs are typically structured such that common units and general partner interests have first priority to receive quarterly cash distributions up to an established minimum amount (“minimum quarterly distributions” or “MQD”). Common and general partner interests also accrue arrearages in distributions to the extent the MQD is not paid. Once common and general partner interests have been paid, subordinated units receive distributions of up to the MQD; however, subordinated units do not accrue arrearages. Distributable cash in excess of the MQD is paid to both common and subordinated units and is distributed to both common and subordinated units generally on a pro rata basis. The general partner is also eligible to receive incentive distributions if the general partner operates the business in a manner which results in distributions paid per common unit surpassing specified target levels. As the general partner increases cash distributions to the limited partners, the general partner receives an increasingly higher percentage of the incremental cash distributions.

SECURITY VALUATION - Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (except for securities traded on 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 EST 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. 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

344

	Notes to Financial Statements (continued)
	October 31, 2021

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

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 may be valued at their amortized cost, which approximates market value. 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. Prices for most securities held in 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.

Securities for which market prices are not “readily available” are valued in accordance with fair value procedures (the “Fair Value Procedures”) established by the Board of Trustees (the “Board”) of the Trust. The Funds’ Fair Value Procedures are implemented through a fair value committee (the “Committee”) designated by the Board. 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 the Funds calculate their net asset values. 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 Global X Management Company LLC, the Funds’ investment advisor (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 net asset values, it may request that a Committee meeting be called. When a security is valued in accordance with the Fair Value Procedures, the Committee will determine the value after taking into consideration all relevant information reasonably available to the Committee. As of October 31, 2021, Global X S&P Catholic Values Developed ex-U.S. ETF had fair valued securities valued at $14,710. There were no other securities priced using the Fair Value Procedures.

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 to sell an asset or paid to transfer a liability in an orderly transaction between market

345

	Notes to Financial Statements (continued)
	October 31, 2021

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

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 net asset value 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 net asset value as of the measurement date or within the near term)

Investments are classified within the level of the lowest significant input considered in determining fair value. Investments classified within Level 3 whose fair value measurement considers several inputs may include Level 1 or Level 2 inputs as components of the overall fair value measurement.

For the year ended October 31, 2021, there have been no significant changes to the Funds’ fair valuation methodologies.

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, 2021. 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.

346

	Notes to Financial Statements (continued)
	October 31, 2021

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

REPURCHASE AGREEMENTS - Securities pledged as collateral for repurchase agreements by BNP Paribas are held by Brown Brothers Harriman & Co. (“BBH”), the Funds’ custodian (“Custodian”), 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 the Funds’ 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 and the risk of a possible decline in the value of the underlying securities during the period. For financial statement purposes, the Funds record the securities lending collateral (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 an MRA with collateral held and/or posted to the counterparty and create one single net payment due to or from the Funds.

As of October 31, 2021, the open repurchase agreements by counterparty which are subject to an MRA on a net payment basis are as follows:

Repurchase Agreements*

Fair Value of Non-cash Collateral Received⁽¹⁾

Cash Collateral Received

Net Amount⁽²⁾

Global X Social Media ETF

BNP Paribas

334,499

−

Global X Lithium & Battery Tech ETF

BNP Paribas

49,400,348

−

Global X E-commerce ETF

BNP Paribas

1,384,981

−

Global X SuperDividend^® ETF

BNP Paribas

16,543,844

−

347

	Notes to Financial Statements (continued)
	October 31, 2021

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

Repurchase Agreements*

Fair Value of Non-cash Collateral Received⁽¹⁾

Cash Collateral Received

Net Amount⁽²⁾

Global X SuperDividend^® U.S. ETF

BNP Paribas

3,131,165

−

Global X SuperDividend^® REIT ETF

BNP Paribas

1,344,045

−

Global X SuperIncome™ Preferred ETF

BNP Paribas

33,091

−

Global X Renewable Energy Producers ETF

BNP Paribas

1,691,227

−

Global X Guru^® Index ETF

BNP Paribas

434,594

−

*	Repurchase agreements with an overstated and continous maturity.
⁽¹⁾	Excess collateral received is not presented in the table above. Please refer to the Schedules of Investments for the market value of the collateral received for each Fund.
⁽²⁾	Net Amount represents the net amount receivable due from the counterparty in the event of default.

FEDERAL INCOME TAXES – It is each Fund’s intention to qualify, or continue to qualify, as a regulated investment company for Federal income tax purposes by complying with the appropriate provisions of Subchapter M of the Code. Accordingly, no provisions for Federal income taxes have been made in the financial statements except as described below.

The Funds evaluate tax positions taken or expected to be taken in the course of preparing the Funds’ tax returns to determine whether it is “more-likely-than-not” (i.e., greater than 50 percent) that each tax position will be sustained upon examination by a taxing authority based on the technical merits of the position. Tax positions not deemed to meet the more-likely-than-not threshold are recorded as a tax benefit or expense in the current year. The Funds did not record any tax positions in the current period; however, management’s conclusions regarding tax positions may be subject to review and adjustment at a later date based on factors including, but not limited to, examination by tax authorities (i.e., the last three tax year ends, as applicable), and on-going analysis of and changes to tax laws and regulations, and interpretations thereof.

If a Fund has foreign tax filings that have not been made, the tax years that remain subject to examination may date back to the inception of the Fund.

As of and during the reporting period ended October 31, 2021, 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 income tax expense on the Statements of Operations. During the reporting period, the Funds did not incur any interest or penalties.

348

	Notes to Financial Statements (continued)
	October 31, 2021

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

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.

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.

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 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 (“Authorized Participants”) 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.

349

	Notes to Financial Statements (continued)
	October 31, 2021

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

An Authorized Participant who holds Creation Units and wishes to redeem at NAV would also pay a standard redemption fee per transaction to BBH, 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		Value at October 31, 2021		Redemption Fee
Global X Social Media ETF		10,000	$	300	$	612,600	$	300
Global X Lithium & Battery Tech ETF		10,000		1,000		910,700		1,000
Global X E-commerce ETF		10,000		500		311,900		500
Global X Emerging Markets Internet & E-commerce ETF		10,000		800		119,900		800
Global X SuperDividend^® ETF		10,000		2,000		130,100		2,000
Global X SuperDividend^® U.S. ETF		10,000		150		201,300		150
Global X MSCI SuperDividend^® EAFE ETF		10,000		1,000		156,200		1,000
Global X MSCI SuperDividend^® Emerging Markets ETF		10,000		3,000		112,600		3,000
Global X SuperDividend^® REIT ETF		10,000		250		98,200		250
Global X NASDAQ 100^® Covered Call ETF		10,000		500		228,200		500
Global X S&P 500^® Covered Call ETF		10,000		2,000		503,700		2,000
Global X Russell 2000 Covered Call ETF		10,000		250		251,800		250
Global X Nasdaq 100^® Covered Call & Growth ETF		10,000		500		330,900		500
Global X S&P 500^® Covered Call & Growth ETF		10,000		2,000		318,300		2,000
Global X SuperIncome™ Preferred ETF		10,000		300		119,400		300
Global X Renewable Energy Producers ETF		10,000		500		168,200		500
Global X S&P 500^® Catholic Values ETF		10,000		1,300		572,200		1,300
Global X S&P Catholic Values Developed ex-U.S. ETF		10,000		8,900		328,000		8,900
Global X Guru^® Index ETF		10,000		250		502,400		250
Global X S&P 500^® Tail Risk ETF		10,000		2,000		277,200		2,000
Global X S&P 500^® Risk Managed Income ETF		10,000		2,000		268,300		2,000
Global X S&P 500^® Collar 95-110 ETF		10,000		2,000		275,700		2,000
Global X NASDAQ 100^® Tail Risk ETF		10,000		500		255,900		500
Global X NASDAQ 100^® Risk Managed Income ETF		10,000		500		241,200		500
Global X NASDAQ 100^® Collar 95-110 ETF		10,000		500		257,800		500

CASH OVERDRAFT CHARGES – Per the terms of an agreement with BBH, if a Fund has a cash overdraft on a given day, it will be assessed an overdraft charge of LIBOR plus 2.00%. Cash overdraft charges are included in custodian fees on the Statements of Operations.

350

	Notes to Financial Statements (continued)
	October 31, 2021

3. RELATED PARTY TRANSACTIONS 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, which is a leading financial services company in Korea and is the headquarters for the Mirae Asset Global Investments Group.

The Adviser serves as the investment adviser and the administrator for the Funds. Subject to the supervision of the Board, the Adviser is responsible for managing the investment activities of the Funds and the Funds’ business affairs and other administrative matters and provides, or causes to be furnished, all supervisory, administrative and other services reasonably necessary for the operation of the Funds, including certain distribution services (provided pursuant to a separate distribution agreement), certain shareholder and distribution-related services (provided pursuant to a separate Rule 12b-1 Plan and related agreements) and investment advisory services (provided pursuant to a separate Investment Advisory Agreement), under what is essentially an “all-in” fee structure. For the Adviser’s service to the 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). 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, custodian fees, acquired fund fees, and other transaction expenses, interest expenses and extraordinary expenses (such as litigation and indemnification expenses).

The following table discloses supervision and administration fees payable pursuant to the Supervision and Administration Agreement:

	Supervision and Administration Fee
Global X Social Media ETF	0.65%
Global X Lithium & Battery Tech ETF	0.75%
Global X E-commerce ETF	0.50%
Global X Emerging Markets Internet & E-commerce ETF	0.65%
Global X SuperDividend^® ETF	0.58%
Global X SuperDividend^® U.S. ETF	0.45%
Global X MSCI SuperDividend^® EAFE ETF	0.55%
Global X MSCI SuperDividend^® Emerging Markets ETF	0.65%
Global X SuperDividend^® REIT ETF	0.58%

351

	Notes to Financial Statements (continued)
	October 31, 2021

3. RELATED PARTY TRANSACTIONS AND SERVICE PROVIDER TRANSACTIONS (continued)

	Supervision and Administration Fee
Global X NASDAQ 100^® Covered Call ETF	0.60%
Global X S&P 500^® Covered Call ETF*	0.60%
Global X Russell 2000 Covered Call ETF**	0.60%
Global X Nasdaq 100^® Covered Call & Growth ETF	0.60%
Global X S&P 500^® Covered Call & Growth ETF	0.60%
Global X SuperIncome^TM Preferred ETF	0.58%
Global X Renewable Energy Producers ETF	0.65%
Global X S&P 500^® Catholic Values ETF***	0.29%
Global X S&P Catholic Values Developed ex-U.S. ETF	0.35%
Global X Guru^® Index ETF	0.75%
Global X S&P 500^® Tail Risk ETF	0.60%
Global X S&P 500^® Risk Managed Income ETF	0.60%
Global X S&P 500^® Collar 95-110 ETF	0.60%
Global X NASDAQ 100^® Tail Risk ETF	0.60%
Global X NASDAQ 100^® Risk Managed Income ETF	0.60%
Global X NASDAQ 100^® Collar 95-110 ETF	0.60%

*Pursuant to an expense limitation agreement in existence between the Global X S&P 500^®Covered Call ETF (the “Fund”) and the Adviser, the Adviser agreed to reimburse or waive fees and/or limit Fund expenses to the extent necessary to assure that the operating expenses of the Fund, exclusive of taxes, commissions, and other transaction expenses, interest, and extraordinary expenses (such as litigation and indemnification expenses) will not exceed 0.60% of the Fund’s average daily net assets per year, effective August 21, 2020, until at least March 1, 2022.

**Pursuant to an expense limitation agreement in existence between the Global X Russell 2000 Covered Call ETF (the “Fund”) and the Adviser, the Adviser agreed to waive or reimburse fees and/or limit Fund expenses to the extent necessary to assure that the operating expenses of the Fund, 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 Fund’s average daily net assets per year, effective March 1, 2021, until at least March 1, 2022.

352

	Notes to Financial Statements (continued)
	October 31, 2021

3. RELATED PARTY TRANSACTIONS AND SERVICE PROVIDER TRANSACTIONS (continued)

***Pursuant to an expense limitation agreement in existence between the Global X S&P 500^® Catholic Values ETF (the “Fund”) and the Adviser prior to March 1, 2018, the Adviser agreed to waive or reimburse fees and/or limit fund expenses to the extent necessary to assure that the operating expenses of the Fund (exclusive of taxes, brokerage fees, commissions, and other transaction expenses and extraordinary expenses (such as litigation and indemnification expenses) (“Total Annual Fund Operating Expenses”) would not exceed 0.29% of the Fund’s average daily net assets per year until at least March 1, 2018. Pursuant to the expense limitation agreement, the Fund (at a later date) could reimburse the Adviser for the fees and expenses it waived or reimbursed and/or limited during any of the prior three fiscal years, provided that, among other things, any reimbursement made to the Adviser would not cause Total Annual Fund Operating Expenses to exceed the maximum permitted rate during the period in which it is paid and the Board had approved such reimbursement to the Adviser. Although the Board voted on December 19, 2017, to permanently reduce the Fund’s fees to 0.29% and end the expense limitation agreement as of March 1, 2018, prior waived or reimbursed fees are still subject to recoupment. As of October 31, 2021, the amounts of waivers/reimbursements subject to recoupment for the Fund were $0 expiring in 2022, $43,032 expiring 2021 and $88,406 expiring 2020. As of October 31, 2021 there had been no recoupment of previously waived and reimbursed fees.

SEI Investments Global Funds Services (“SEIGFS”) serves as sub-administrator to the Funds. As sub-administrator, SEIGFS provides the Funds with 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 each Fund’s underwriter and distributor of Creation Units pursuant to a distribution agreement. SIDCO has no obligation to sell any specific quantity of Fund Shares.

SIDCO bears the following costs and expenses relating to the distribution of Shares: (1) the costs of processing and maintaining records of creations of Creation Units; (2) all costs of maintaining the records required of a registered broker/dealer; (3) the expenses of maintaining its registration or qualification as a dealer or broker under Federal or state laws; (4) filing fees; and (5) 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.

353

	Notes to Financial Statements (continued)
	October 31, 2021

3. RELATED PARTY TRANSACTIONS AND SERVICE PROVIDER TRANSACTIONS (continued)

BBH serves as Custodian and transfer agent of the Funds’ assets. As Custodian, BBH has agreed to (1) make receipts and disbursements of money on behalf of the Funds; (2) collect and receive all income and other payments and distributions on account of the Funds’ portfolio investments; (3) respond to correspondence from shareholders, security brokers and others relating to its duties; and (4) 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 transfer agent, BBH has agreed to (1) issue and redeem Shares of each Fund; (2) make dividend and other distributions to shareholders of each Fund; (3) respond to correspondence by shareholders and others relating to its duties; (4) maintain shareholder accounts; and (5) 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.

4. INVESTMENT TRANSACTIONS

For the year ended October 31, 2021, 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 Social Media ETF	$	175,783,743	$	121,973,730
Global X Lithium & Battery Tech ETF		2,939,975,344		1,259,517,064
Global X E-commerce ETF		29,487,362		27,784,454
Global X Emerging Markets Internet & E-commerce ETF		2,942,566		1,369,993
Global X SuperDividend^® ETF		768,369,749		710,925,893
Global X SuperDividend^® U.S. ETF		364,952,263		380,577,684
Global X MSCI SuperDividend^® EAFE ETF		10,658,428		10,216,566
Global X MSCI SuperDividend^® Emerging Markets ETF		76,455,969		45,869,773
Global X SuperDividend^® REIT ETF		262,385,748		265,740,470
Global X NASDAQ 100^® Covered Call ETF		581,580,281		1,173,008,400
Global X S&P 500^® Covered Call ETF		14,235,728		49,167,751
Global X Russell 2000 Covered Call ETF		16,814,367		33,707,588
Global X Nasdaq 100^® Covered Call & Growth ETF		1,908,379		3,511,435
Global X S&P 500^® Covered Call & Growth ETF		1,227,237		1,125,942
Global X SuperIncome™ Preferred ETF		207,080,081		207,690,565
Global X Renewable Energy Producers ETF		83,688,527		64,066,847
Global X S&P 500^® Catholic Values ETF		44,014,147		42,247,397
Global X S&P Catholic Values Developed ex-U.S. ETF		598,157		547,221
Global X Guru^® Index ETF		85,972,386		85,730,878
Global X S&P 500^® Tail Risk ETF		184,271		220,400
Global X S&P 500^® Risk Managed Income ETF		269,282		280,524
Global X S&P 500^® Collar 95-110 ETF		184,112		239,294
Global X NASDAQ 100^® Tail Risk ETF		50,970		95,612
Global X NASDAQ 100^® Risk Managed Income ETF		73,308		186,338
Global X NASDAQ 100^® Collar 95-110 ETF		56,278		120,057

354

	Notes to Financial Statements (continued)
	October 31, 2021

4. INVESTMENT TRANSACTIONS (continued)

For the year ended October 31, 2021, there were no purchases and sales of long-term U.S. Government securities.

For the year ended October 31, 2021, in-kind transactions associated with creations and redemptions were:

2021	Purchases		Sales and Maturities		Realized Gain/(Loss)
Global X Social Media ETF	$	249,814,697	$	161,825,652	$	104,250,876
Global X Lithium & Battery Tech ETF		1,301,530,281		366,384,618		234,758,649
Global X E-commerce ETF		154,359,054		55,200,159		21,442,562
Global X Emerging Markets Internet & E-commerce ETF		5,524,406		757,687		(121,392	)
Global X SuperDividend^® ETF		116,148,336		4,825,925		1,306,373
Global X SuperDividend^® U.S. ETF		141,063,730		33,098,332		5,304,331
Global X MSCI SuperDividend^® EAFE ETF		4,473,039		929,987		89,950
Global X MSCI SuperDividend^® Emerging Markets ETF		12,009,994		–		–
Global X SuperDividend^® REIT ETF		109,800,947		53,971,417		11,010,490
Global X NASDAQ 100^® Covered Call ETF		3,619,325,170		26,690,549		15,759,156
Global X S&P 500^® Covered Call ETF		548,443,411		7,302,890		2,537,496
Global X Russell 2000 Covered Call ETF		533,979,476		501,604		234,461
Global X Nasdaq 100^® Covered Call & Growth ETF		38,168,292		2,820,576		245,511
Global X S&P 500^® Covered Call & Growth ETF		33,475,572		4,125,677		427,939
Global X SuperIncome™ Preferred ETF		44,678,336		7,476,659		831,987
Global X Renewable Energy Producers ETF		103,945,368		48,932,053		11,012,881
Global X S&P 500^® Catholic Values ETF		124,592,947		80,395,996		39,980,846
Global X S&P Catholic Values Developed ex-U.S. ETF		930,692		–		–
Global X Guru^® Index ETF		22,438,467		22,168,067		6,600,357
Global X S&P 500^® Tail Risk ETF		3,506,784		–		–
Global X S&P 500^® Risk Managed Income ETF		5,908,307		–		–
Global X S&P 500^® Collar 95-110 ETF		3,242,149		–		–
Global X NASDAQ 100^® Tail Risk ETF		3,252,445		–		–
Global X NASDAQ 100^® Risk Managed Income ETF		4,512,650		–		–
Global X NASDAQ 100^® Collar 95-110 ETF		2,796,085		–		–

For the year or period ended October 31, 2020, in-kind transactions associated with creations and redemptions were:

2020	Purchases		Sales and Maturities		Realized Gain/(Loss)
Global X Social Media ETF	$	33,340,357	$	10,559,714	$	1,966,522
Global X Lithium & Battery Tech ETF		104,208,945		62,679,799		3,955,066
Global X E-commerce ETF		92,096,000		12,844,433		4,549,847
Global X Emerging Markets Internet & E-commerce ETF		–		–		–
Global X SuperDividend^® ETF		90,730,215		27,787,216		(9,224,904	)
Global X SuperDividend^® U.S. ETF		126,117,688		34,059,155		2,165,771
Global X MSCI SuperDividend^® EAFE ETF		1,217,335		7,923,306		(707,578	)
Global X MSCI SuperDividend^® Emerging Markets ETF		3,714,194		–		–

355

	Notes to Financial Statements (continued)
	October 31, 2021

4. INVESTMENT TRANSACTIONS (continued)

2020	Purchases		Sales and Maturities		Realized Gain/(Loss)
Global X SuperDividend^® REIT ETF		353,613,219		118,682,903		19,269,208
Global X NASDAQ 100^® Covered Call ETF		778,575,756		66,199,151		29,752,498
Global X S&P 500^® Covered Call ETF		60,812,072		66,922,435		17,587,784
Global X Russell 2000 Covered Call ETF		16,843,643		1,088,385		335,463
Global X Nasdaq 100^® Covered Call & Growth ETF		6,753,905		–		–
Global X S&P 500^® Covered Call & Growth ETF		3,799,913		–		–
Global X SuperIncome™ Preferred ETF		24,579,689		28,420,360		(2,327,435	)
Global X YieldCo & Renewable Energy Income ETF		35,307,456		5,003,213		1,265,475
Global X S&P 500^® Catholic Values ETF		117,889,845		45,730,969		17,772,932
Global X S&P Catholic Values Developed ex-U.S. ETF		2,501,921		–		–
Global X Guru^® Index ETF		–		4,796,655		428,411

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 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.

356

	Notes to Financial Statements (continued)
	October 31, 2021

4. INVESTMENT TRANSACTIONS (continued)

The Global X NASDAQ 100^® Covered Call ETF, Global X S&P 500^® 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 S&P 500^® Tail Risk ETF, Global X S&P 500^® Risk Managed Income ETF, Global X S&P 500^® Collar 95-110 ETF, Global X Nasdaq 100^® Tail Risk ETF, Global X Nasdaq 100^® Risk Managed Income ETF, and Global X Nasdaq 100^® Collar 95-110 ETF may write covered call and/or put options that correspond to their respective reference index. By writing a covered call option, a Fund, in exchange for the premium, foregoes the opportunity for capital appreciation above the strike price should the market price of the underlying security increase. Conversely, by writing a put option, the Fund, in exchange for the premium, accepts the risk of having to purchase a security at a fixed strike price even should the price of the underlying security decrease, exposing the Fund to downside risk in the underlying security.

For the year ended October 31, 2021, all options were considered Equity Risk.

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.

For the year ended October 31, 2021, the monthly average cost of the written and purchased options contracts held by the Funds were as follows:

	Short Avg			Short End			Long Avg		Long End
Global X NASDAQ 100^® Covered Call ETF	$	(61,763,182	)	$	(89,664,262	)	$	–	$	–
Global X S&P 500^® Covered Call ETF		(4,780,016	)		(9,674,024	)		–		–
Global X Russell 2000 Covered Call ETF		(4,779,094	)		(10,800,917	)		–		–
Global X Nasdaq 100^® Covered Call & Growth ETF		(175,545	)		(400,793	)		–		–
Global X S&P 500^® Covered Call & Growth ETF		(75,654	)		(239,180	)		–		–
Global X S&P 500^® Tail Risk ETF		–			–			26,964		43,527
Global X S&P 500^® Risk Managed Income ETF		(62,186	)		(90,624	)		20,140		35,039
Global X S&P 500^® Collar 95-110 ETF		(3,238	)		(2,774	)		41,897		66,297
Global X NASDAQ 100^® Tail Risk ETF		–			–			35,577		52,310
Global X NASDAQ 100^® Risk Managed Income ETF		(71,245	)		(88,602	)		22,413		31,242
Global X NASDAQ 100^® Collar 95-110 ETF		(9,948	)		(6,457	)		46,257		67,630

357

	Notes to Financial Statements (continued)
	October 31, 2021

5. TAX INFORMATION

The Global X SuperDividend^®REIT ETF has a tax year that ends on December 31. The following tax disclosures are representative as of October 31, 2021. Accordingly, the disclosures are for informational use by shareholders and are subject to change attributable to activity through the end of the tax year ending December 31, 2021.

The amount and character of income and capital gain distributions to be paid, if any, are determined in accordance with Federal income tax regulations, which may differ from U.S. GAAP. As a result, net investment income (loss) and net realized gain (loss) on investment transactions for a reporting period may differ significantly from distributions during such period. These book/tax differences may be temporary or permanent. To the extent these differences are permanent in nature, they are charged or credited to undistributed net investment income (loss), accumulated net realized gain (loss) or paid-in capital, as appropriate, in the period that the differences arise.

The following differences, primarily attributable to preferred stock interest, foreign currency, redemptions in-kind, REIT adjustments, MLP adjustments, net operating loss, return of capital distribution and sales of passive foreign investment companies have been reclassified to/from the following accounts during the fiscal year ended October 31, 2021:

Global X Funds	Paid-in Capital			Distributable Earnings (Loss)
Global X Social Media ETF	$	103,267,695		$	(103,267,695	)
Global X Lithium & Battery Tech ETF		226,308,417			(226,308,417	)
Global X E-commerce ETF		21,414,459			(21,414,459	)
Global X Emerging Markets Internet & E-commerce ETF		(124,587	)		124,587
Global X SuperDividend^® ETF		(2,301,566	)		2,301,566
Global X SuperDividend^® U.S. ETF		44,856			(44,856	)
Global X MSCI SuperDividend^® EAFE ETF		84,607			(84,607	)
Global X SuperDividend^® REIT ETF		19,051,553			(19,051,553	)
Global X NASDAQ 100^® Covered Call ETF		15,759,156			(15,759,156	)
Global X S&P 500^® Covered Call ETF		2,493,316			(2,493,316	)
Global X Russell 2000 Covered Call ETF		234,461			(234,461	)
Global X Nasdaq 100^® Covered Call & Growth ETF		245,511			(245,511	)
Global X S&P 500^® Covered Call & Growth ETF		427,954			(427,954	)
Global X SuperIncome™ Preferred ETF		209,386			(209,386	)
Global X Renewable Energy Producers ETF		10,238,793			(10,238,793	)
Global X S&P 500^® Catholic Values ETF		39,718,259			(39,718,259	)
Global X Guru^® Index ETF		6,333,266			(6,333,266	)

358

	Notes to Financial Statements (continued)
	October 31, 2021

The tax character of dividends and distributions declared during the years or periods ended October 31, 2021 and October 31, 2020 were as follows:

Global X Funds	Ordinary Income		Long-Term Capital Gain		Return of Capital		Totals
Global X Social Media ETF
2021	$	–	$	–	$	–	$	–
2020		–		–		–		–
Global X Lithium & Battery Tech ETF
2021	$	4,617,167	$	–	$	–	$	4,617,167
2020		7,964,116		–		–		7,964,116
Global X E-commerce ETF
2021	$	1,105,636	$	–	$	–	$	1,105,636
2020		11,908		–		–		11,908
Global X Emerging Markets Internet & E-commerce ETF
2021	$	–	$	–	$	–	$	–
Global X SuperDividend^® ETF
2021	$	65,648,210	$	–	$	–	$	65,648,210
2020		57,676,007		–		6,836,903		64,512,910
Global X SuperDividend^® U.S. ETF
2021	$	31,364,614	$	–	$	3,660,741	$	35,025,355
2020		28,896,892		–		9,790,983		38,687,875
Global X MSCI SuperDividend^® EAFE ETF
2021	$	542,165	$	–	$	–	$	542,165
2020		454,057		–		119,148		573,205
Global X MSCI SuperDividend^®Emerging Markets ETF
2021	$	2,831,439	$	–	$	–	$	2,831,439
2020		1,074,084		–		222,316		1,296,400
Global X SuperDividend^® REIT ETF
2021	$	21,690,155	$	–	$	9,729,725	$	31,419,880
2020		17,057,314		482,944		2,127,168		19,667,426
Global X NASDAQ 100^®Covered Call ETF
2021	$	320,053,733	$	–	$	–	$	320,053,733
2020		2,834,579		–		117,268,361		120,102,940
Global X S&P 500^® Covered Call ETF
2021	$	26,627,258	$	–	$	–	$	26,627,258
2020		1,539,799		–		7,321,411		8,861,210
Global X Russell 2000 Covered Call ETF
2021	$	21,788,088	$	–	$	–	$	21,788,088
2020		82,683		74,655		1,449,526		1,606,864
Global X Nasdaq 100^® Covered Call & Growth ETF
2021	$	919,727	$	–	$	–	$	919,727
2020		–		–		20,955		20,955
Global X S&P 500^® Covered Call & Growth ETF
2021	$	376,497	$	–	$	–	$	376,497
2020		2,931		–		16,682		19,613
Global X SuperIncome™ Preferred ETF
2021	$	12,037,890	$	–	$	–	$	12,037,890
2020		10,818,268		–		549,532		11,367,800

359

	Notes to Financial Statements (continued)
	October 31, 2021

Global X Funds	Ordinary Income		Long-Term Capital Gain		Return of Capital		Totals
Global X Renewable Energy Producers ETF
2021	$	1,677,449	$	177,538	$	–	$	1,854,987
2020		1,352,385		–		–		1,352,385
Global X S&P 500^® Catholic Values ETF
2021	$	5,511,704	$	–	$	–	$	5,511,704
2020		4,513,893		128,757		–		4,642,650
Global X S&P Catholic Values Developed ex-U.S. ETF
2021	$	59,322	$	–	$	–	$	59,322
2020		–		–		–		–
Global X Guru^® Index ETF
2021	$	1,352,859	$	–	$	–	$	1,352,859
2020		538,248		–		28,732		566,980
Global X S&P 500^® Tail Risk ETF
2021	$	–	$	–	$	–	$	–
Global X S&P 500^® Risk Managed Income ETF
2021	$	51,640	$	–	$	–	$	51,640
Global X S&P 500^® Collar 95-110 ETF
2021	$	–	$	–	$	–	$	–
Global X NASDAQ 100^® Tail Risk ETF
2021	$	–	$	–	$	–	$	–
Global X NASDAQ 100^® Risk Managed Income ETF
2021	$	–	$	–	$	52,273	$	52,273
Global X NASDAQ 100^® Collar 95-110 ETF
2021	$	–	$	–	$	–	$	–

	Global X Funds
	Global X Social Media ETF			Global X Lithium & Battery Tech ETF			Global X E-commerce ETF			Global X Emerging Markets Internet & E-commerce ETF
Undistributed Ordinary Income	$	–		$	9,202,844		$	–		$	–
Undistributed Long-Term Capital Gain		–			–			613,980			–
Capital Loss Carryforwards		(28,132,536	)		(63,831,937	)		–			(198,274	)
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency		(1,417,828	)		1,737,482,168			(14,138,587	)		(1,464,448	)
Late Year Loss Deferral		(1,697,484	)		–			(138,055	)		(25,979	)
Other Temporary Differences		1			(7	)		(1	)		(5	)
Total Distributable Earnings (Accumulated Losses)	$	(31,247,847	)	$	1,682,853,068		$	(13,662,663	)	$	(1,688,706	)

360

	Notes to Financial Statements (continued)
	October 31, 2021

	Global X Funds
	Global X SuperDividend^® ETF			Global X SuperDividend^® U.S. ETF			Global X MSCI SuperDividend^® EAFE ETF			Global X MSCI SuperDividend^® Emerging Markets ETF
Undistributed Ordinary Income	$	9,620,906		$	–		$	113,120		$	1,051,269
Capital Loss Carryforwards		(539,182,806	)		(185,337,870	)		(1,391,460	)		(6,225,122	)
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency		(14,921,184	)		90,841,482			364,649			(3,219,585	)
Other Temporary Differences		(18	)		6			(3	)		(2	)
Total Accumulated Losses	$	(544,483,102	)	$	(94,496,382	)	$	(913,694	)	$	(8,393,440	)

	Global X Funds
	Global X SuperDividend^® REIT ETF⁽¹⁾			Global X NASDAQ 100^® Covered Call ETF		Global X S&P 500^® Covered Call ETF		Global X Russell 2000 Covered Call ETF
Undistributed Ordinary Income	$	–		$	131,295,980	$	2,004,805	$	9,982,417
Capital Loss Carryforwards		(200,308,013	)		–		–		–
Unrealized Depreciation on Investments and Foreign Currency		(28,695,167	)		–		–		–
Other Temporary Differences		(2,376,001	)		7		5,381		6
Total Distributable Earnings (Accumulated Losses)	$	(231,379,181	)	$	131,295,987	$	2,010,186	$	9,982,423

⁽¹⁾	The Global X SuperDividend^® REIT ETF has a tax year that ends on December 31.

	Global X Funds
	Global X Nasdaq 100^® Covered Call & Growth ETF			Global X S&P 500^® Covered Call & Growth ETF		Global X SuperIncome™ Preferred ETF			Global X Renewable Energy Producers ETF
Undistributed Ordinary Income	$	2,838,227		$	1,299,834	$	457,430		$	465,503
Undistributed Long-Term Capital Gain		–			2,570		–			–
Capital Loss Carryforwards		–			–		(58,846,382	)		(2,081,509	)
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency		–			–		5,619,780			(511,888	)
Other Temporary Differences		(1	)		–		3			5
Total Distributable Earnings (Accumulated Losses)	$	2,838,226		$	1,302,404	$	(52,769,169	)	$	(2,127,889	)

361

	Notes to Financial Statements (continued)
	October 31, 2021

	Global X Funds
	Global X S&P 500^® Catholic Values ETF		Global X S&P Catholic Values Developed ex-U.S. ETF		Global X Guru^® Index ETF
Undistributed Ordinary Income	$	2,153,515	$	87,737	$	4,425
Undistributed Long-Term Capital Gain		863,038		15,110		–
Capital Loss Carryforwards		–		–		(5,779,354	)
Unrealized Appreciation on Investments and Foreign Currency		175,044,230		685,321		6,895,905
Other Temporary Differences		4		2		(559	)
Total Distributable Earnings	$	178,060,787	$	788,170	$	1,120,417

	Global X Funds
	Global X S&P 500^® Tail Risk ETF		Global X S&P 500^® Risk Managed Income ETF		Global X S&P 500^® Collar 95-110 ETF
Undistributed Ordinary Income	$	73,485	$	36,462	$	50,940
Undistributed Long-Term Capital Gain		4,518		–		334
Other Temporary Differences		–		1		1
Total Distributable Earnings	$	78,003	$	36,463	$	51,275

	Global X Funds
	Global X NASDAQ 100^®Tail Risk ETF		Global X NASDAQ 100^® Risk Managed Income ETF			Global X NASDAQ 100^® Collar 95-110 ETF
Undistributed Ordinary Income	$	63,330	$	–		$	51,836
Undistributed Long-Term Capital Gain		–		–			2,343
Capital Loss Carryforwards		–		(5,450	)		–
Late Year Loss Deferral		–		(940	)		–
Other Temporary Differences		–		–			2
Total Distributable Earnings (Accumulated Losses)	$	63,330	$	(6,390	)	$	54,181

362

	Notes to Financial Statements (continued)
	October 31, 2021

For taxable years beginning after December 22, 2010, a Registered Investment Company within the meaning of the 1940 Act is permitted to carry forward net capital losses to offset capital gains realized in later years, and the losses carried forward retain their original character as either long-term or short-term losses. Losses carried forward under these provisions are as follows:

	Short-Term Loss		Long-Term Loss		Total *
Global X Social Media ETF	$	10,937,731	$	17,194,805	$	28,132,536
Global X Lithium & Battery Tech ETF		–		63,831,937		63,831,937
Global X Emerging Markets Internet & E-commerce ETF		198,274		–		198,274
Global X SuperDividend^® ETF		196,838,358		342,344,448		539,182,806
Global X SuperDividend^® U.S. ETF		135,731,524		49,606,346		185,337,870
Global X MSCI SuperDividend^® EAFE ETF		–		1,391,460		1,391,460
Global X MSCI SuperDividend^® Emerging Markets ETF		3,110,894		3,114,228		6,225,122
Global X SuperDividend^® REIT ETF		157,576,754		42,731,259		200,308,013
Global X SuperIncome™ Preferred ETF		14,218,863		44,627,519		58,846,382
Global X Renewable Energy Producers ETF		405,177		1,676,332		2,081,509
Global X Guru^® Index ETF		5,779,354		–		5,779,354
Global X NASDAQ 100^® Risk Managed Income ETF		2,180		3,270		5,450

During the year ended October 31, 2021, the following Funds utilized capital loss carryforwards to offset capital gains amounting to:

	Short-Term Loss		Long-Term Loss		Total
Global X Social Media ETF	$	–	$	3,339,255	$	3,339,255
Global X Lithium & Battery Tech ETF		26,035,129		64,776,767		90,811,896
Global X SuperDividend^® ETF		48,915,810		14,853,324		63,769,134
Global X SuperDividend^® U.S. ETF		32,460,722		2,349,841		34,810,563
Global X MSCI SuperDividend^® EAFE ETF		817,164		352,232		1,169,396
Global X MSCI SuperDividend^® Emerging Markets ETF		1,160,861		414,784		1,575,645
Global X NASDAQ 100^® Covered Call ETF		16,425,608		24,638,412		41,064,020
Global X S&P 500^® Covered Call ETF		13,227,988		19,848,520		33,076,508
Global X Russell 2000 Covered Call ETF		566,196		801,805		1,368,001
Global X Nasdaq 100^® Covered Call & Growth ETF		45,654		68,481		114,135
Global X S&P 500^® Covered Call & Growth ETF		28,095		42,122		70,217
Global X SuperIncome™ Preferred ETF		4,008,352		1,656,031		5,664,383
Global X S&P 500^® Catholic Values ETF		–		205,691		205,691
Global X S&P Catholic Values Developed ex-U.S. ETF		3,244		–		3,244
Global X Guru^® Index ETF		10,813,764		–		10,813,764

363

	Notes to Financial Statements (continued)
	October 31, 2021

The Federal tax cost and aggregate gross unrealized appreciation and depreciation on investments held by the Funds at October 31, 2021 were as follows:

Global X Funds	Federal Tax Cost		Aggregated Gross Unrealized Appreciation		Aggregated Gross Unrealized Depreciation			Net Unrealized Appreciation (Depreciation)
Global X Social Media ETF	$	403,236,358	$	59,515,933	$	(60,933,761	)	$	(1,417,828	)
Global X Lithium & Battery Tech ETF		3,763,667,252		1,824,408,401		(86,926,233	)		1,737,482,168
Global X E-commerce ETF		214,687,755		17,658,390		(31,796,977	)		(14,138,587	)
Global X Emerging Markets Internet & E-commerce ETF		6,020,771		153,980		(1,618,428	)		(1,464,448	)
Global X SuperDividend^® ETF		979,438,907		97,933,841		(112,855,025	)		(14,921,184	)
Global X SuperDividend^® U.S. ETF		583,780,223		113,244,676		(22,403,194	)		90,841,482
Global X MSCI SuperDividend^® EAFE ETF		13,666,873		970,170		(605,521	)		364,649
Global X MSCI SuperDividend^® Emerging Markets ETF		65,722,677		5,723,136		(8,942,721	)		(3,219,585	)
Global X SuperDividend^® REIT ETF		440,254,438		57,280,492		(28,674,228	)		28,606,264
Global X NASDAQ 100^® Covered Call ETF		5,029,904,390		1,387,774,323		(1,387,774,323	)		–
Global X S&P 500^® Covered Call ETF		668,825,732		95,544,866		(95,544,866	)		–
Global X Russell 2000 Covered Call ETF		553,808,039		16,924,857		(16,924,857	)		–
Global X Nasdaq 100^® Covered Call & Growth ETF		44,572,709		5,726,257		(5,726,257	)		–
Global X S&P 500^® Covered Call & Growth ETF		34,937,637		2,464,415		(2,464,415	)		–
Global X SuperIncome™ Preferred ETF		228,768,765		9,717,093		(4,097,313	)		5,619,780
Global X Renewable Energy Producers ETF		151,134,713		15,388,015		(15,899,903	)		(511,888	)
Global X S&P 500^® Catholic Values ETF		417,379,529		185,753,345		(10,709,115	)		175,044,230
Global X S&P Catholic Values Developed ex-U.S. ETF		3,566,785		758,022		(72,701	)		685,321
Global X Guru^® Index ETF		69,807,087		11,362,145		(4,466,240	)		6,895,905
Global X S&P 500^® Tail Risk ETF		3,590,717		180,742		(180,742	)		–
Global X S&P 500^® Risk Managed Income ETF		5,888,759		269,104		(269,104	)		–
Global X S&P 500^® Collar 95-110 ETF		3,297,388		165,200		(165,200	)		–
Global X NASDAQ 100^® Tail Risk ETF		3,326,062		198,762		(198,762	)		–
Global X NASDAQ 100^® Risk Managed Income ETF		4,333,029		279,822		(279,822	)		–
Global X NASDAQ 100^® Collar 95-110 ETF		2,832,361		171,815		(171,815	)		–

The preceding differences between book and tax cost are primarily due to mark-to-market treatment of passive foreign investment companies, mixed straddles, MLP adjustments and wash sales.

6. 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.

364

	Notes to Financial Statements (continued)
	October 31, 2021

6. CONCENTRATION OF RISKS (continued)

The securities markets of emerging countries are less liquid, subject to greater price volatility, and have a smaller market capitalization than those of 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 U.S. In particular, the assets and profits appearing on the financial statements of emerging 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 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 or 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, which uses a representative sampling strategy, the Funds use a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of an underlying index 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 indices 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 indices, or, in certain instances, when securities in the underlying indices 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).

The elimination of the London Inter-Bank Offered Rate (“LIBOR”) may adversely affect the interest rates on, and value of, certain Fund investments for which the value is tied to LIBOR. The U.K. Financial Conduct Authority has announced that it intends to stop compelling or inducing banks to submit LIBOR rates after 2021. On March 5, 2021, the administrator of LIBOR clarified that the publication of LIBOR on a representative basis will cease for the one-week and two-month U.S. dollar LIBOR settings immediately after December 31, 2021, and for the remaining U.S. dollar LIBOR settings immediately after June 30, 2023. Alternatives to LIBOR are established or in development in most major currencies, including the Secured Overnight Financing Rate (“SOFR”), which is intended to replace U.S. dollar LIBOR. Markets are slowly developing in response to these new rates. Questions around liquidity impacted by these rates, and how to appropriately adjust

365

	Notes to Financial Statements (continued)
	October 31, 2021

6. CONCENTRATION OF RISKS (continued)

these rates at the time of transition, remain a concern for the Funds. Accordingly, it is difficult to predict the full impact of the transition away from LIBOR on the Funds until new reference rates and fallbacks for both legacy and new products, instruments and contracts are commercially accepted. Please refer to each Fund’s prospectus and statement of additional information (“SAI”) for a more complete description of risks.

7. LOANS OF PORTFOLIO SECURITIES

Each Fund may lend portfolio securities having a market value up to one-third of its total assets. Security loans made pursuant to a securities lending agreement with BBH are initially required to be secured by collateral equal to at least 102% of the value of domestic equity securities and American Depositary Receipts (“ADRs”) and 105% of the value of foreign equity securities (other than ADRs). Such collateral received in connection with these loans will be cash and can be invested in repurchase agreements, short term investments or U.S. Treasury obligations, and is recognized in the Schedules of Investments and Statements of Assets and Liabilities. The obligation to return securities lending collateral is also recognized as a liability in the Statements of Assets and Liabilities. It is the Funds’ policy to obtain additional collateral from or return excess collateral to the borrower by the end of the next business day, following the valuation date of the securities loaned. Therefore, the value of the collateral held may be temporarily less than the value of the securities on loan.

Lending securities entails a risk of loss to the Funds if and to the extent that the market value of the securities loans were to increase and the borrower did not increase the collateral accordingly, and the borrower failed to return the securities. In the event the borrower may not provide additional collateral when required or may not return the securities when due, the securities lending agency agreement requires the lending agent to indemnify the Funds by replacing either the security or the security’s current market value to the Funds. The Funds could suffer a loss if the value of an investment purchased with cash collateral falls below the market value of loaned securities or if the value of an investment purchased with cash collateral falls below the value of the original cash collateral received. The Funds could also experience delays and costs in gaining access to the collateral. The Funds bear the risk of any deficiency in the amount of the collateral available for return to the borrower due to any loss on the collateral invested.

As of October 31, 2021, the following Funds had securities on loan, by counterparty:

	Market Value		Cash Collateral
Global X Social Media ETF
Morgan Stanley	$	706,578	$	749,890
SG Americas Securities LLC		140		153
Total	$	706,718	$	750,043

366

	Notes to Financial Statements (continued)
	October 31, 2021

7. LOANS OF PORTFOLIO SECURITIES (continued)

	Market Value		Cash Collateral
Global X Lithium & Battery Tech ETF
Barclays Capital	$	5,250,576	$	5,626,931
BofA Securities, Inc.		6,663,546		7,068,231
Citigroup		6,356,640		6,813,261
Goldman Sachs & Co.		27,489,029		29,414,018
JPMorgan		31,511,813		32,174,649
Morgan Stanley		19,014,575		20,338,441
UBS Securities LLC		8,806,644		9,324,394
Total	$	105,092,823	$	110,759,925
Global X E-commerce ETF
Barclays Capital	$	61,920	$	64,500
BofA Securities, Inc.		753,676		773,532
Citigroup		38,160		38,160	⁽¹⁾
Credit Suisse		862,703		901,222
Goldman Sachs & Co.		532,835		556,014
UBS Securities LLC		482,160		535,536
Wells Fargo		227,830		236,564
Total	$	2,959,284	$	3,105,528
Global X SuperDividend^® ETF
BofA Securities, Inc.	$	6,327,181	$	6,701,652
Citigroup		2,822,967		2,970,000
Goldman Sachs & Co.		14,234,108		17,535,051
JPMorgan		4,294,032		4,546,478
Morgan Stanley		4,077,485		4,291,116
Scotia Capital		140,030		150,800
UBS Securities LLC		851,595		900,984
Total	$	32,747,398	$	37,096,081
Global X SuperDividend^® U.S. ETF
BNP Paribas Securities Corp	$	213,225	$	216,000	⁽¹⁾
BofA Securities, Inc.		6,182,217		6,306,166
Citigroup		255,870		259,200	⁽¹⁾
National Financial Services		150,679		152,640	⁽¹⁾
UBS Securities LLC		85,290		86,970
Total	$	6,887,281	$	7,020,976
Global X SuperDividend^® REIT ETF
Scotia Capital	$	2,827,310	$	3,013,738
Global X SuperIncome™ Preferred ETF
JPMorgan	$	72,884	$	74,200

367

	Notes to Financial Statements (continued)
	October 31, 2021

7. LOANS OF PORTFOLIO SECURITIES (continued)

	Market Value		Cash Collateral
Global X Renewable Energy Producers ETF
Barclays Capital	$	166,530	$	168,000
BNP Paribas Securities Corp		341,256		328,040	⁽¹⁾
BofA Securities, Inc.		2,696,428		2,855,960
UBS Securities LLC		419,468		440,220
Total	$	3,623,682	$	3,792,220
Global X Guru^® Index ETF
BMO Capital Markets	$	222,840	$	221,040	⁽¹⁾
JPMorgan		2,724		2,706	⁽¹⁾
Morgan Stanley		656,140		650,840	⁽¹⁾
National Financial Services		97,380		99,900
Total	$	979,084	$	974,486

(1)

It is the Funds’ policy to obtain additional collateral from or return excess collateral to the borrower by the end of the next business day, following the valuation date of the securities loaned. Therefore, the value of the collateral held may be temporarily less than the value of the securities on loan.

8. CONTRACTUAL OBLIGATIONS

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 (the “Trustees”) and the Trust’s officers are indemnified against certain liabilities that may arise out of the performance of their duties.

9. REGULATORY MATTERS

In December 2020, the SEC adopted a new rule providing a framework for fund valuation practices (“Rule 2a-5”). Rule 2a-5 establishes requirements for determining fair value in good faith for purposes of the 1940 Act. Rule 2a-5 will permit fund boards to designate certain parties to perform fair value determinations, subject to board oversight and certain other conditions. Rule 2a-5 also defines when market quotations are “readily available” for purposes of the 1940 Act and the threshold for determining whether a fund must fair value a security. In connection with Rule 2a-5, the SEC also adopted related recordkeeping requirements and is rescinding previously issued guidance, including with respect to the role of a board in determining fair value and the accounting and auditing of fund investments. The Funds will be required to comply with the rules by September 8, 2022. Management is currently assessing the potential impact of the new rules on the Funds’ financial statements.

368

	Notes to Financial Statements (concluded)
	October 31, 2021

10. SUBSEQUENT EVENTS

On September 7, 2021, the Custodian announced that it had entered into an agreement with State Street Bank and Trust Company (“State Street”) to sell BBH’s Investor Services business to State Street (the “Transaction”). The Transaction is subject to certain closing conditions, including regulatory and customary approvals, and it is expected to be consummated in the first quarter of 2022 (the “Closing Date”). Consequently, as a result of the Transaction, it is expected that State Street will replace BBH as the Funds’ custodian effective as of the Closing Date.

The Funds have been evaluated by management regarding the need for additional disclosures (other than what is disclosed in the preceding paragraph) and/or adjustments resulting from subsequent events. Based on this evaluation, no additional adjustments were required to the financial statements.

369

	Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Global X Funds and Shareholders of each of the twenty-five 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 (twenty-five of the funds constituting Global X Funds, hereafter collectively referred to as the “Funds”) as of October 31, 2021, 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 in the table below (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 as of October 31, 2021, the results of each of their operations and the changes in each of their net assets for the periods indicated in the table below, and each of the financial highlights for each of the periods indicated in the table below, in conformity with accounting principles generally accepted in the United States of America.

Global X SuperDividend^® ETF (1)	Global X S&P 500^® Covered Call ETF (2)
Global X SuperDividend^® U.S. ETF (1)	Global X NASDAQ 100^® Covered Call ETF (2)
Global X Guru^® Index ETF (1)	Global X S&P Catholic Values Developed ex-U.S. ETF (3)
Global X MSCI SuperDividend^® Emerging Markets ETF (1)	Global X S&P 500^® Covered Call & Growth ETF (4)
Global X SuperDividend^® REIT ETF (1)	Global X Nasdaq 100^® Covered Call & Growth ETF (4)
Global X SuperIncome™ Preferred ETF (1)	Global X Emerging Markets Internet & E-commerce ETF (5)
Global X Social Media ETF (1)	Global X Nasdaq 100^® Tail Risk ETF (6)
Global X Renewable Energy Producers ETF (1)	Global X Nasdaq 100^® Risk Managed Income ETF (6)
Global X Lithium & Battery Tech ETF (1)	Global X Nasdaq 100^® Collar 95-110 ETF (6)
Global X MSCI SuperDividend^® EAFE ETF (1)	Global X S&P 500^® Tail Risk ETF (6)
Global X S&P 500^® Catholic Values ETF (1)	Global X S&P 500^® Collar 95-110 ETF (6)
Global X E-commerce ETF (1)	Global X S&P 500^®Risk Managed Income ETF (6)
Global X Russell 2000 Covered Call ETF (1)

370

	Report of Independent Registered Public Accounting Firm

(1)	Statement of operations for the year ended October 31, 2021, statements of changes in net assets for each of the two years in the period ended October 31, 2021 and financial highlights for each of the periods indicated therein
(2)	Statement of operations for the year ended October 31, 2021, statements of changes in net assets for each of the two years in the period ended October 31, 2021 and financial highlights for each of the three years in the period ended October 31, 2021
(3)	Statement of operations for the year ended October 31, 2021 and statements of changes in net assets and financial highlights for the year ended October 31, 2021 and the period June 22, 2020 (commencement of operations) through October 31, 2020
(4)	Statement of operations for the year ended October 31, 2021 and statements of changes in net assets and financial highlights for the year ended October 31, 2021 and the period September 18, 2020 (commencement of operations) through October 31, 2020
(5)	Statement of operations, statement of changes in net assets and financial highlights for the period November 9, 2020 (commencement of operations) through October 31, 2021
(6)	Statement of operations, statement of changes in net assets and financial highlights for the period August 25, 2021 (commencement of operations) through October 31, 2021

The financial statements of Global X S&P 500^® Covered Call ETF and Global X NASDAQ 100^® Covered Call ETF as of and for the year ended October 31, 2018 and the financial highlights for each of the periods ended on or prior to October 31, 2018 (not presented herein, other than the financial highlights) were audited by other auditors whose report dated December 28, 2018 expressed an unqualified opinion on those financial statements and financial highlights.

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.

371

	Report of Independent Registered Public Accounting Firm

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, 2021, by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

/s/PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

December 28, 2021

We have served as the auditor of one or more investment companies in the Global X Funds since 2016.

372

	Disclosure of Fund Expenses (unaudited)

All ETFs (such as the Funds) have operating expenses. As a shareholder of an ETF, your investment is affected by these ongoing costs, which include (among others) costs for ETF management, administrative services, commissions, and shareholder reports like this one. It is important for you to understand the impact of these costs on your investment returns. In addition, a shareholder is responsible for brokerage fees as a result of the shareholder’s investment in a Fund.

Operating expenses such as these are deducted from a Fund’s gross income and directly reduce their final investment returns. These expenses are expressed as a percentage of the Fund’s average net assets; this percentage is known as the Fund’s expense ratio.

The following examples use the expense ratio and are intended to help you understand the ongoing costs (in dollars) of investing in a Fund and to compare these costs with those of other funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period (May 1, 2020 through October 31, 2021).

The table on the next page illustrates the Funds’ costs in two ways:

Actual Fund Return. This section helps you to estimate the actual expenses that your Fund incurred over the period. The “Expenses Paid During Period” column shows the actual dollar expense cost incurred by a $1,000 investment in the Fund, and the “Ending Account Value” number is derived from deducting that expense cost from the Fund’s gross investment return.

You can use this information, together with the actual amount you invested in the Fund, to estimate the expenses you paid over that period. Simply divide your actual account value by $1,000 to arrive at a ratio (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply that ratio by the number shown for your Fund under “Expenses Paid During Period.”

Hypothetical 5% Return. This section helps you compare your Fund’s costs with those of other funds. It assumes that the Fund had an annual 5% return before expenses during the year, but that the expense ratio (Column 3) for the period is unchanged. This example is useful in making comparisons because the Securities and Exchange Commission requires all funds to make this 5% calculation. You can assess your Fund’s comparative cost by comparing the hypothetical result for your Fund in the “Expenses Paid During Period” column with those that appear in the same charts in the shareholder reports for other funds.

NOTE: Because the return is set at 5% for comparison purposes — NOT your Fund’s actual return — the account values shown may not apply to your specific investment.

373

	Disclosure of Fund Expenses (unaudited) (continued)

	Beginning Account Value 5/1/2021		Ending Account Value 10/31/2021		Annualized Expense Ratios			Expenses Paid During Period⁽¹⁾
Global X Social Media ETF
Actual Fund Return	$	1,000.00	$	885.90		0.65	%	$	3.09
Hypothetical 5% Return		1,000.00		1,021.93		0.65			3.31

Global X Lithium & Battery Tech ETF
Actual Fund Return	$	1,000.00	$	1,434.10		0.75	%	$	4.60
Hypothetical 5% Return		1,000.00		1,021.43		0.75			3.82

Global X E-commerce ETF
Actual Fund Return	$	1,000.00	$	900.10		0.50	%	$	2.39
Hypothetical 5% Return		1,000.00		1,022.69		0.50			2.55

Global X SuperDividend^® ETF
Actual Fund Return	$	1,000.00	$	957.20		0.59	%	$	2.91
Hypothetical 5% Return		1,000.00		1,022.23		0.59			3.01

Global X SuperDividend^® U.S. ETF
Actual Fund Return	$	1,000.00	$	1,048.20		0.45	%	$	2.32
Hypothetical 5% Return		1,000.00		1,022.94		0.45			2.29

Global X MSCI SuperDividend^® EAFE ETF
Actual Fund Return	$	1,000.00	$	1,008.00		0.57	%	$	2.88
Hypothetical 5% Return		1,000.00		1,022.33		0.57			2.91

Global X MSCI SuperDividend^® Emerging Markets ETF
Actual Fund Return	$	1,000.00	$	971.10		0.75	%	$	3.73
Hypothetical 5% Return		1,000.00		1,021.43		0.75			3.82

Global X SuperDividend^® REIT ETF
Actual Fund Return	$	1,000.00	$	1,010.40		0.58	%	$	2.94
Hypothetical 5% Return		1,000.00		1,022.28		0.58			2.96

Global X NASDAQ 100^® Covered Call ETF
Actual Fund Return	$	1,000.00	$	1,068.70		0.60	%	$	3.13
Hypothetical 5% Return		1,000.00		1,022.18		0.60			3.06

Global X S&P 500^® Covered Call ETF
Actual Fund Return	$	1,000.00	$	1,102.10		0.60	%	$	3.18
Hypothetical 5% Return		1,000.00		1,022.18		0.60			3.06

Global X Russell 2000 Covered Call ETF
Actual Fund Return	$	1,000.00	$	1,078.00		0.50	%	$	2.62
Hypothetical 5% Return		1,000.00		1,022.69		0.50			2.55

374

	Disclosure of Fund Expenses (unaudited) (continued)

	Beginning Account Value 5/1/2021		Ending Account Value 10/31/2021		Annualized Expense Ratios			Expenses Paid During Period⁽¹⁾
Global X Nasdaq 100^® Covered Call & Growth ETF
Actual Fund Return	$	1,000.00	$	1,106.00		0.60	%	$	3.18
Hypothetical 5% Return		1,000.00		1,022.18		0.60			3.06

Global X S&P 500^® Covered Call & Growth ETF
Actual Fund Return	$	1,000.00	$	1,099.60		0.60	%	$	3.18
Hypothetical 5% Return		1,000.00		1,022.18		0.60			3.06

Global X SuperIncome™ Preferred ETF
Actual Fund Return	$	1,000.00	$	1,033.00		0.58	%	$	2.97
Hypothetical 5% Return		1,000.00		1,022.28		0.58			2.96

Global X Renewable Energy Producers ETF
Actual Fund Return	$	1,000.00	$	1,073.20		0.65	%	$	3.40
Hypothetical 5% Return		1,000.00		1,021.93		0.65			3.31

Global X S&P 500^® Catholic Values ETF
Actual Fund Return	$	1,000.00	$	1,103.80		0.29	%	$	1.54
Hypothetical 5% Return		1,000.00		1,023.74		0.29			1.48

Global X S&P Catholic Values Developed ex-U.S. ETF
Actual Fund Return	$	1,000.00	$	1,039.20		0.35	%	$	1.80
Hypothetical 5% Return		1,000.00		1,023.44		0.35			1.79

Global X Guru^® Index ETF
Actual Fund Return	$	1,000.00	$	1,055.20		0.75	%	$	3.89
Hypothetical 5% Return		1,000.00		1,021.43		0.75			3.82

Global X Emerging Markets Internet & E-commerce ETF
Actual Fund Return	$	1,000.00	$	759.80		0.65	%	$	2.88
Hypothetical 5% Return		1,000.00		1,021.93		0.65			3.31

Global X S&P 500^® Tail Risk ETF⁽²⁾
Actual Fund Return	$	1,000.00	$	1,000.00		0.64	%	$	1.17
Hypothetical 5% Return		1,000.00		1,008.00		0.64			1.18

Global X S&P 500^® Risk Managed Income ETF⁽²⁾
Actual Fund Return	$	1,000.00	$	1,000.00		0.65	%	$	1.19
Hypothetical 5% Return		1,000.00		1,007.99		0.65			1.20

Global X S&P 500^® Collar 95-110 ETF⁽²⁾
Actual Fund Return	$	1,000.00	$	1,000.00		0.65	%	$	1.19
Hypothetical 5% Return		1,000.00		1,007.99		0.65			1.20

375

	Disclosure of Fund Expenses (unaudited) (concluded)

	Beginning Account Value 5/1/2021		Ending Account Value 10/31/2021		Annualized Expense Ratios			Expenses Paid During Period⁽¹⁾
Global X NASDAQ 100^® Tail Risk ETF⁽²⁾
Actual Fund Return	$	1,000.00	$	1,000.00		0.64	%	$	1.17
Hypothetical 5% Return		1,000.00		1,008.00		0.64			1.18

Global X NASDAQ 100^® Risk Managed Income ETF⁽²⁾
Actual Fund Return	$	1,000.00	$	1,000.00		0.65	%	$	1.19
Hypothetical 5% Return		1,000.00		1,007.99		0.65			1.20

Global X NASDAQ 100^® Collar 95-110 ETF⁽²⁾
Actual Fund Return	$	1,000.00	$	1,000.00		0.65	%	$	1.19
Hypothetical 5% Return		1,000.00		1,007.99		0.65			1.20

(1)	Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied 183/365 (to reflect the one-half year period), unless otherwise noted.
(2)	Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied 67/365 (to reflect the one-half year period), unless otherwise note.

376

	Liquidity Risk Management Program (unaudited)

Pursuant to Rule 22e-4 under the 1940 Act, the Funds’ investment adviser has adopted, and the Board has approved, a liquidity risk management program (the “Program”) to govern the Funds’ approach to managing liquidity risk. The Program is overseen by the Funds’ Liquidity Risk Management Committee (the “Committee”), and the Program’s principal objectives include assessing, managing and periodically reviewing each Fund’s liquidity risk, based on factors specific to the circumstances of the Funds.

At a meeting of the Board held on May 21, 2021, the Trustees received a report from the Committee addressing the operations of the Program and assessing its adequacy and effectiveness of implementation for the period from January 1, 2020 through December 31, 2020. The Committee’s report noted that the Committee had determined that the Program is reasonably designed to assess and manage each Fund’s liquidity risk and operated adequately and effectively to manage each Fund’s liquidity risk for the period covered by the report. The Committee’s report noted that during the period covered by the report, there were no liquidity events that impacted the Funds or their ability to timely meet redemptions without dilution to existing shareholders. The Committee’s report further noted that no material changes have been made to the Program during the period covered by the report. In August of 2021, the Committee determined to classify the Global X MSCI Nigeria ETF (NGE) as an In-kind ETF for purposes of the Program.

There can be no assurance that the Program will achieve its objectives in the future. Please refer to the prospectus for more information regarding a Fund’s exposure to liquidity risk and other principal risks to which an investment in the Funds may be subject.

377

	Approval of Investment Advisory Agreement (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.

Approval of the Initial Investment Advisory and Supervision and Administration Agreements

At Board meeting of the Global X Funds (the “Trust”) held by videoconference on May 21, 2021¹ (the “New Fund Board Meeting”), the Board of Trustees (the “Board”) (including the Trust’s Independent Trustees, voting separately) also considered and unanimously approved (i) the initial Investment Advisory Agreement (“New Investment Advisory Agreement”) for the Global X Nasdaq 100 Tail Risk ETF, Global X Nasdaq 100 Risk Managed Income ETF, Global X Nasdaq 100 Collar 95-110 ETF, Global X S&P 500 Tail Risk ETF, Global X S&P 500 Risk Managed Income ETF and the Global X S&P 500 Collar ETF 95-110 ETF (“New Funds”) and (ii) the initial Supervision and Administration Agreement between the Trust (“New Supervision and Administration Agreement”), on behalf of the New Funds, and 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 Board meeting, the Board (including the Trust’s Independent Trustees) and the Independent Trustees’ independent legal counsel requested (in writing) detailed information from Global X Management in connection with the Board’s consideration of the New Fund Agreements and received and reviewed written responses from Global X Management and supporting materials relating to those requests for information. In the course of their consideration of the Renewal Agreements and 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.

¹ This meeting was held via videoconference in reliance on an exemptive order issued by the Securities and Exchange Commission on March 25, 2020. Reliance on the exemptive order is necessary and appropriate due to circumstances related to current or potential effects of COVID-19. All Trustees participating in the telephonic meeting were able to hear each other simultaneously during the meeting. Reliance on the exemptive order requires Trustees, including a majority of the Independent Trustees, to ratify actions taken pursuant to the exemptive order by vote cast at the next in-person meeting.

378

	Approval of Investment Advisory Agreement (unaudited)

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 X Management’s responsibilities under the New Fund Agreements to, among other things, (i) manage the investment operations of the New Funds and 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

379

	Approval of Investment Advisory Agreement (unaudited)

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 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 Fund’s shareholders.

Comparison of Fees and Services

With respect to this factor, the Board considered:

• comparative information with respect to the proposed Management Fee to be paid to Global X Management by 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 Fund’s peer group;

• the structure of the proposed unitary Management Fee (which includes as one component the proposed investment advisory fee for the New 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

380

	Approval of Investment Advisory Agreement (unaudited)

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.

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.

381

	Approval of Investment Advisory Agreement (unaudited)

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.

382

	Supplemental Information (unaudited)

NAV is the price per Share at which a Fund issues and redeems Shares. It is calculated in accordance with the standard formula for valuing mutual fund shares. The “Market Price” of a Fund generally is determined using the midpoint between the highest bid and the lowest offer on the stock exchange on which the Shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. The Fund’s Market Price may be at, above or below its NAV. The NAV of a Fund will fluctuate with changes in the market value of the Fund’s holdings. The Market Price of a Fund will fluctuate in accordance with changes in its NAV, as well as market supply and demand.

Premiums or discounts are the differences (expressed as a percentage) between the NAV and Market Price of a Fund on a given day, generally at the time NAV is calculated. A premium is the amount that a Fund is trading above the reported NAV, expressed as a percentage of the NAV. A discount is the amount that a Fund is trading below the reported NAV, expressed as a percentage of the NAV.

Further information regarding premiums and discounts is available on the Funds’ website at www.globalxetfs.com

383

	Trustees and Officers of the Trust (unaudited)

Set forth below are the names, addresses, years of birth, position with the Trust, Term of Office and Length of Time Served, the principal occupations for the last five years, number of Funds in fund complex overseen by Trustee, and other directorships outside the fund complex of each of the persons currently serving as Trustees and Officers of the Trust.

Name, Address (Year of Birth)	Position(s) Held with Trust	Principal Occupation(s) Duringthe Past 5 Years	Number of Funds in Trust Overseen by Trustee	Other Directorships Held by Trustees
Independent Trustees¹
Charles A. Baker 605 Third Avenue, 43rd Floor New York, NY 10158 (1953)	Trustee (since 07/2018)	Chief Executive Officer of Investment Innovations LLC (investment consulting) (since 2013); Managing Director of NYSE Euronext (2003 to 2012)	97 (88 of which are operational)	Trustee of OSI ETF Trust (since 2016)
Susan M. Ciccarone 605 Third Avenue, 43rd Floor New York, NY 10158 (1973)	Trustee (since 9/30/2019)	Partner, Further Global Capital Management (private equity) (since 2017); formerly Chief Operating Officer (2014-2016) and Chief Financial Officer (2012-2016), Emerging Global Advisors, LLC (ETF issuer)	97 (88 of which are operational)	Chairman, Payment Alliance International, Inc. (since 2019); Director, Casa Holdco LP, parent of Celink (since 2018)
Clifford J. Weber 605 Third Avenue, 43rd Floor New York, NY 10158 (1963)	Trustee (since 07/2018)	Owner, Financial Products Consulting Group LLC (consulting services to financial institutions) (since 2015); Formerly, Executive Vice President of Global Index and Exchange-Traded Products, NYSE Market, Inc., a subsidiary of Intercontinental Exchange (ETF/ETP listing exchange) (2013-2015)	97 (88 of which are operational)	Chairman (since 2017) and Trustee (since 2015) of Clough Funds Trust; Chairman and Trustee of Clayton Street Trust (since 2016); Chairman and Trustee of Janus Detroit Street Trust (since 2016); Chairman and Trustee of Elevation ETF Trust (2016-2018); Trustee of Clough Global Equity Fund (since 2017); Trustee of Clough Global Dividend and Income Fund (since 2017); and Trustee of Clough Global Opportunities Fund (since 2017)

384

	Trustees and Officers of the Trust (unaudited) (continued)

The Trust’s SAI includes additional information about the Trustees and Officers. The SAI may be obtained without charge by calling 1-888-493-8631. The following chart lists Trustees and Officers as of October 31, 2021.

Name, Address (Year of Birth)	Position(s) Held with Funds	Principal Occupation(s) During the Past 5 Years	Number of Funds in Trust Overseen by Trustee	Other Directorships Held by Trustees
Interested Trustee / Officers¹
Luis Berruga 605 Third Avenue, 43rd Floor New York, NY 10158 (1977)	Trustee (since 07/2018); President (since 2018)	Chief Executive Officer, GXMC (since 07/2018), Chief Financial Officer (since 2/2014) and Chief Operating Officer (9/2015 - 7/2018); Investment Banker, Jefferies (2012-2014)	97 (88 of which are operational)	None
John Belanger 605 Third Avenue, 43rd Floor New York, NY 10158 (1982)	Chief Operating Officerand Chief FinancialOfficer (since 12/2020)	Chief Operating Officerand Head of PortfolioManagement & PortfolioAdministration, GXMC(since 12/2020);Portfolio Manager (since12/2020); Secretary ofthe Trust(3/2020-9/2020); Headof Product Management,GXMC (since 1/2020);Consultant to GXMC(9/2018-12/2019); ChiefOperating Officer, RexShares, LLC(2014-2018)	N/A	N/A
Susan Lively 605 Third Avenue, 43rd Floor New York, NY 10158 (1981)	Secretary (since 9/2020)	General Counsel, GXMC (since 9/2020); Senior Corporate Counsel at Franklin Templeton (previously, Managing Director and Associate General Counsel at Legg Mason & Co., LLC) (2014-2020)	N/A	N/A
Eric Griffith² One Freedom Valley Drive Oaks, PA 19456 (1969)	Assistant Secretary (since 2/2020)	Counsel, SEI Investments (since 10/2019); Vice President and Assistant General Counsel, JPMorgan Chase & Co. (2012-2018)	N/A	N/A

385

	Trustees and Officers of the Trust (unaudited) (continued)

Name, Address (Year of Birth)	Position(s) Held with Funds	Principal Occupation(s) During the Past 5 Years	Number of Funds in Trust Overseen by Trustee	Other Directorships Held by Trustees
Interested Trustee / Officers¹
Joe Costello 605 Third Avenue, 43rd Floor New York, NY 10158 (1974)	Chief Compliance Officer (since 9/2016)	Chief Compliance Officer, FlexShares Funds (2011-2015); Vice President, Northern Trust Investments (2003 - 2015)	N/A	N/A
Ronnie Riven 605 Third Avenue, 43rd Floor New York, NY 10158 (1984)	Treasurer and Principal Accounting Officer (since 12/2020)	Director of Finance, GXMC (since 2018); Director of Accounting and Finance at Barclays Center (2016-2018); Manager of External Reporting at National Grid (2013-2015)	N/A	N/A
Eric Olsen² One Freedom Valley Drive Oaks, PA 19456 (1970)	Assistant Treasurer (since 5/2021 )	Director of Accounting, SEI Investment Manager Services (March 2021 to present); Deputy Head of Fund Operations, Traditional Assets, Aberdeen Standard Investments (2013-2021)	N/A	N/A

¹	Each Trustee serves until his or her successor is duly elected or appointed and qualified.

²	These officers of the Trust also serve as officers of one or more funds for which SEI Investments Company or an affiliate acts as investment manager, administrator or distributor.

386

	Notice to Shareholders (unaudited)

For shareholders that do not have an October 31, 2021 tax year end, this notice is for informational purposes only. For shareholders with an October 31, 2021 tax year end, please consult your tax advisor as to the pertinence of this notice. For the fiscal year ended October 31, 2021, the Funds are designating the following items with regard to distributions paid during the year.

	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 Social Media ETF		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
Global Global X Lithium & Battery Tech ETF		0.00	%		0.00	%		100.00	%		100.00	%		19.85	%		92.49	%
Global X E-Commerce ETF		0.00	%		0.00	%		100.00	%		100.00	%		62.77	%		63.71	%
Global X Emerging Markets Internet & E-commerce ETF		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
Global X SuperDividend^® ETF		0.00	%		0.00	%		100.00	%		100.00	%		1.76	%		37.10	%
Global X SuperDividend^® U.S. ETF		11.67	%		0.00	%		88.33	%		100.00	%		52.86	%		53.90	%
Global X MSCI SuperDividend^® EAFE ETF		0.00	%		0.00	%		100.00	%		100.00	%		0.00	%		85.60	%
Global X MSCI SuperDividend^® Emerging Markets ETF		0.00	%		0.00	%		100.00	%		100.00	%		0.00	%		56.80	%
Global X SuperDividend^® REIT ETF		0.00	%		0.00	%		0.00	%		0.00	%		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 S&P 500^® Covered Call ETF		0.00	%		0.00	%		100.00	%		100.00	%		0.00	%		0.00	%
Global X Russell 2000 Covered Call ETF		0.00	%		0.00	%		100.00	%		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 SuperIncome™ Preferred ETF		0.00	%		0.00	%		100.00	%		100.00	%		72.35	%		73.42	%
Global X Renewable Energy Producers ETF		0.00	%		8.32	%		91.68	%		100.00	%		7.21	%		87.07	%
Global X S&P 500^® Catholic Values ETF		0.00	%		0.00	%		100.00	%		100.00	%		100.00	%		100.00	%
Global X S&P Catholic Values Developed ex-U.S. ETF		0.00	%		0.00	%		100.00	%		100.00	%		0.00	%		69.68	%
Global X Guru^® Index ETF		0.00	%		0.00	%		100.00	%		100.00	%		63.05	%		63.53	%
Global X S&P 500^® Tail Risk ETF		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
Global X S&P 500^® Risk Managed Income ETF		0.00	%		0.00	%		100.00	%		100.00	%		0.00	%		0.00	%
Global X S&P 500^® Collar 95-110 ETF		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%

387

	Notice to Shareholders (unaudited)

	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 NASDAQ 100^® Tail Risk ETF		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
Global X NASDAQ 100^® Risk Managed Income ETF		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
Global X NASDAQ 100^® Collar 95-110 ETF		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%

⁽¹⁾

Qualifying dividends represent dividends which qualify for the corporate dividends received deduction and is reflected as a percentage of ordinary Income distributions (the total of short term capital gain and net investment income distributions).

⁽²⁾

The percentage in this column represents the amount of “Qualifying Dividend Income” as created by the Jobs and Growth Relief Reconciliation Act of 2003 and is 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.

388

	Notice to Shareholders (unaudited)

	U.S. Government Interest⁽³⁾			Interest Related Dividends⁽⁴⁾			Short Term Capital Gain Dividends⁽⁵⁾			Qualifying Business Income⁽⁶⁾			Foreign Tax Credit
Global X Social Media ETF		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
Global X Lithium & Battery Tech ETF		0.00	%		0.01	%		0.00	%		0.00	%		36.32	%
Global X E-Commerce ETF		0.00	%		0.00	%		100.00	%		0.00	%		0.00	%
Global X Emerging Markets Internet & E-commerce ETF		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
Global X SuperDividend^® ETF		0.00	%		0.00	%		0.00	%		8.30	%		3.28	%
Global X SuperDividend^® U.S. ETF		0.00	%		3.29	%		0.00	%		8.97	%		0.00	%
Global X MSCI SuperDividend^® EAFE ETF		0.00	%		0.00	%		0.00	%		0.00	%		9.02	%
Global X MSCI SuperDividend^® Emerging Markets ETF		0.00	%		0.00	%		0.00	%		0.00	%		16.66	%
Global X SuperDividend^® REIT ETF		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
Global X NASDAQ 100^® Covered Call ETF		0.00	%		0.00	%		100.00	%		0.00	%		0.00	%
Global X S&P 500^® Covered Call ETF		0.00	%		0.00	%		100.00	%		0.00	%		0.00	%
Global X Russell 2000 Covered Call ETF		0.00	%		0.00	%		100.00	%		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 SuperIncome™ Preferred ETF		0.00	%		0.33	%		0.00	%		0.00	%		0.00	%
Global X Renewable Energy Producers ETF		0.00	%		0.00	%		0.00	%		0.00	%		13.07	%
Global X S&P 500^® Catholic Values ETF		0.00	%		0.01	%		0.00	%		0.00	%		0.00	%
Global X S&P Catholic Values Developed ex-U.S. ETF		0.00	%		0.00	%		0.00	%		0.00	%		11.56	%
Global X Guru^® Index ETF		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
Global X S&P 500^® Tail Risk ETF		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
Global X S&P 500^® Risk Managed Income ETF		0.00	%		0.00	%		100.00	%		0.00	%		0.00	%
Global X S&P 500^® Collar 95-110 ETF		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
Global X NASDAQ 100^® Tail Risk ETF		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
Global X NASDAQ 100^® Risk Managed Income ETF		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
Global X NASDAQ 100^® Collar 95-110 ETF		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%

389

	Notice to Shareholders (unaudited)

⁽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 “Qualifying Interest Income” 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.Certain Funds intend to pass through a foreign tax credit to shareholders. For the fiscal year ended October 31, 2021 the total amount of foreign source income and foreign tax credit are as follows:

Certain Funds intend to pass through a foreign tax credit to shareholders. For the fiscal year ended October 31, 2021 the total amount of foreign source income and foreign tax credit are as follows:

	Foreign Tax Paid		Foreign Source Income
Global X Lithium & Battery Tech ETF	$	2,633,829	$	9,921,868
Global X SuperDividend^® ETF		2,222,780		40,353,556
Global X MSCI SuperDividend^® EAFE ETF		53,751		660,547
Global X MSCI SuperDividend^® Emerging Markets ETF		565,962		4,456,745
Global X Renewable Energy Producers ETF		278,999		2,125,735
Global X S&P Catholic Values Developed ex-U.S. ETF		7,751		85,327

The information reported herein may differ from the information and distributions taxable to the shareholders for the calendar year ending December 31, 2021. Complete information will be computed and reported in conjunction with your 2021 Form 1099- DIV.

390

	Notes

391

	Notes

392

	Notes

393

605 Third Avenue, 43rd Floor

New York, NY 10158

1-888-493-8631

www.globalxetfs.com

Investment Adviser and Administrator:

Global X Management Company LLC

605 Third 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 20006-1871

Custodian and Transfer Agent:

Brown Brothers Harriman & Co.

40 Water Street

Boston, MA 02109

Independent Registered Public Accounting Firm:

PricewaterhouseCoopers LLP

Two Commerce Square

Suite 1800

2001 Market Street

Philadelphia, PA 19103

This information must be preceded or accompanied by a current prospectus for the Funds described.

GLX-AR-003-1100

Item 2. Code of Ethics.

The registrant has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, comptroller 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 trustees 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 Susan M. Ciccarone and each is independent as defined in Form N-CSR Item 3(a)(2).

Item 4. Principal Accountant Fees and Services.

Fees billed by Pricewaterhouse Coopers 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:

		2021			2020
		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	$929,467	$0	$0	$1,056,304	$0	$0
(b)	Audit-Related Fees	$0	$0	$0	$0	$0	$0
(c)	Tax Fees	$334,184	$0	$0	$330,942	$0	$0
(d)	All Other Fees	$0	$0	$0	$0	$0	$0

(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):

	2021	2020
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 $334,184 and $330,942, 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.

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, Susan M. Ciccarone and Clifford J. Weber.

Item 6. Investments.

Not applicable.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable to open-end management investment companies.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable to open-end management investment companies.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable to open-end management investment companies.

Item 10. Submission of Matters to a Vote of Security Holders.

There have been no material changes.

Item 11. Controls and Procedures.

(a) The certifying officers, whose certifications are included herewith, have evaluated the registrant’s disclosure controls and procedures 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 significant changes in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Not applicable to open-end management investment companies.

Item 13. Exhibits.

(a)(1) Code of Ethics attached hereto.

(a)(2) 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 Investment Company Act of 1940, as amended (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 (17 CFR 270.30a-2(b)) also accompany this filing as an Exhibit.

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/ Luis Berruga

Luis Berruga
President

Date: January 6, 2022

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/ Luis Berruga

Luis Berruga

President

Date: January 6, 2022

By (Signature and Title)

/s/ John Belanger

John Belanger

Chief Financial Officer

Date: January 6, 2022

Global X Funds N-CSRCertified annual shareholder report (management investment company)