Global X Funds N-CSRS Certified semi-annual shareholder report (management investment company)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

________

FORM N-CSRS

________

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, 2023

Date of reporting period: April 30, 2023

Item 1.    Reports to Stockholders.

(a)  A copy of the report transmitted to stockholders pursuant to Rule 30e-1 under the Investment Company Act of 1940, as amended (the “Act”) (17 CFR § 270.30e-1), is attached hereto.

(b)  Not applicable.

Global X Lithium & Battery Tech ETF (ticker: LIT)
Global X SuperDividend^® ETF (ticker: SDIV)
Global X Social Media ETF (ticker: SOCL)
Global X Guru^® Index ETF (ticker: GURU)
Global X SuperIncome™ Preferred ETF (ticker: SPFF)
Global X SuperDividend^® U.S. ETF (ticker: DIV)
Global X S&P 500^® Covered Call ETF (ticker: XYLD)
Global X NASDAQ 100^® Covered Call ETF (ticker: QYLD)
Global X MSCI SuperDividend^® Emerging Markets ETF (ticker: SDEM)
Global X SuperDividend^® REIT ETF (ticker: SRET)
Global X Renewable Energy Producers ETF (ticker: RNRG)
Global X S&P 500^® Catholic Values ETF (ticker: CATH)
Global X MSCI SuperDividend^® EAFE ETF (ticker: EFAS)
Global X E-commerce ETF (ticker: EBIZ)
Global X Russell 2000 Covered Call ETF (ticker: RYLD)
Global X S&P Catholic Values Developed ex-U.S. ETF (ticker: CEFA)
Global X Nasdaq 100^® Covered Call & Growth ETF (ticker: QYLG)
Global X S&P 500^® Covered Call & Growth ETF (ticker: XYLG)
Global X Emerging Markets Internet & E-commerce ETF (ticker: EWEB)
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)
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 Disruptive Materials ETF (ticker: DMAT)
Global X Dow 30^® Covered Call ETF (ticker: DJIA)
Global X Russell 2000 Covered Call & Growth ETF (ticker: RYLG)
Global X Financials Covered Call & Growth ETF (ticker: FYLG)
Global X Health Care Covered Call & Growth ETF (ticker: HYLG)
Global X Information Technology Covered Call & Growth ETF (ticker: TYLG)
Global X Nasdaq 100^® ESG Covered Call ETF (ticker: QYLE)
Global X S&P 500® ESG Covered Call ETF (ticker: XYLE)

Semi-Annual Report
April 30, 2023

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 

Schedules of Investments
Global X Lithium & Battery Tech ETF	1
Global X SuperDividend® ETF	6
Global X Social Media ETF	16
Global X Guru® Index ETF	20
Global X SuperIncome™ Preferred ETF	25
Global X SuperDividend® U.S. ETF	29
Global X S&P 500® Covered Call ETF	33
Global X NASDAQ 100® Covered Call ETF	49
Global X MSCI SuperDividend® Emerging Markets ETF	55
Global X SuperDividend® REIT ETF	61
Global X Renewable Energy Producers ETF	64
Global X S&P 500® Catholic Values ETF	70
Global X MSCI SuperDividend® EAFE ETF	83
Global X E-commerce ETF	89
Global X Russell 2000 Covered Call ETF	94
Global X S&P Catholic Values Developed ex-US ETF	150
Global X Nasdaq 100® Covered Call & Growth ETF	173
Global X S&P 500® Covered Call & Growth ETF	179
Global X Emerging Markets Internet & E-commerce ETF	195
Global X NASDAQ 100® Tail Risk ETF	199
Global X NASDAQ 100® Risk Managed Income ETF	205
Global X NASDAQ 100® Collar 95-110 ETF	212
Global X S&P 500® Tail Risk ETF	219
Global X S&P 500® Risk Managed Income ETF	235
Global X S&P 500® Collar 95-110 ETF	251
Global X Disruptive Materials ETF	267
Global X Dow 30® Covered Call ETF	271
Global X Russell 2000 Covered Call & Growth ETF	274
Global X Financials Covered Call & Growth ETF	276
Global X Health Care Covered Call & Growth ETF	280
Global X Information Technology Covered Call & Growth ETF	284
Global X Nasdaq 100® ESG Covered Call ETF	288
Global X S&P 500® ESG Covered Call ETF	294
Glossary	305
Statements of Assets and Liabilities	306
Statements of Operations	315
Statements of Changes in Net Assets	324
Financial Highlights	342
Notes to Financial Statements	364
Disclosure of Fund Expenses	402
Approval of Investment Advisory Agreement	407
Supplemental Information	415

Table of Contents 

Shares are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. Shares may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units. Brokerage commissions will reduce returns.

The Funds file their complete schedules of Fund holdings with the Securities and Exchange Commission (the “SEC” or “Commission”) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The Funds’ 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 Global X Funds uses to determine how to vote proxies relating to Fund securities, as well as information relating to how the Funds voted proxies relating to Fund securities during the most recent 12-month period ended June 30, is available (i) without charge, upon request, by calling 1-888-493-8631; and (ii) on the Commission’s website at https://www.sec.gov.

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Lithium & Battery Tech ETF

	Shares		Value
COMMON STOCK — 100.0%
AUSTRALIA — 12.5%
Materials — 12.5%
Allkem *		6,988,328	$	56,573,498
Core Lithium * (A)		19,996,616		12,950,491
IGO		8,813,954		80,089,788
Liontown Resources * (A)		20,241,862		36,652,592
Mineral Resources .		1,979,469		96,383,344
Pilbara Minerals		34,635,128		97,047,940
Sayona Mining * (A)		83,953,295		11,096,127
TOTAL AUSTRALIA				390,793,780
BRAZIL — 0.7%
Materials — 0.7%
Sigma Lithium *		633,051		22,036,505
CANADA — 0.9%
Materials — 0.9%
Lithium Americas * (A)		1,408,404		28,120,313

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

1

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Lithium & Battery Tech ETF

	Shares		Value
COMMON STOCK — continued
CHILE — 3.7%
Materials — 3.7%
Sociedad Quimica y Minera de Chile ADR		1,705,012	$	115,054,210
CHINA — 38.6%
Consumer Discretionary — 5.2%
BYD, Cl H .		5,396,274		162,233,998
Industrials — 13.7%
Beijing Easpring Material Technology, Cl A		4,315,448		33,354,223
Contemporary Amperex Technology, Cl A .		4,849,009		161,686,163
Eve Energy, Cl A		14,278,188		135,187,264
Sunwoda Electronic, Cl A		14,527,191		35,293,735
Wuxi Lead Intelligent Equipment, Cl A .		11,167,236		61,697,436
				427,218,821
Information Technology — 4.2%
NAURA Technology Group, Cl A .		2,725,841		131,708,133
Materials — 15.5%
Ganfeng Lithium Group, Cl A		12,521,940		117,546,077
Guangzhou Tinci Materials Technology, Cl A ..		13,223,478		81,519,235
Shanghai Putailai New Energy Technology,
Cl A		6,658,356		50,221,984
Shenzhen Capchem Technology, Cl A		5,356,998		37,721,251
Tianqi Lithium, Cl A *		11,493,441		118,300,308
Yunnan Energy New Material, Cl A *		5,258,359		79,066,215
				484,375,070
TOTAL CHINA				1,205,536,022
JAPAN — 10.9%
Consumer Discretionary — 5.0%
Panasonic Holdings		16,712,086		156,301,851
Industrials — 1.0%
GS Yuasa		869,244		15,180,569
Japan Steel Works .		776,587		14,012,957
				29,193,526

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

2

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Lithium & Battery Tech ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — 4.9%
TDK		4,514,642	$	154,008,094
TOTAL JAPAN				339,503,471
NORWAY — 0.3%
Industrials — 0.3%
FREYR Battery * (A)		1,447,384		10,233,005
SOUTH KOREA — 9.9%
Industrials — 3.7%
LG Energy Solution *		268,597		116,598,070
Information Technology — 6.2%
L&F (A)		288,586		57,139,338
Samsung SDI		265,740		137,198,401
				194,337,739
TOTAL SOUTH KOREA				310,935,809
TAIWAN — 0.6%
Information Technology — 0.6%
Simplo Technology .		1,922,580		19,261,759
UNITED STATES — 21.9%
Consumer Discretionary — 10.4%
Lucid Group * (A)		7,604,861		60,382,596
QuantumScape, Cl A * (A)		2,730,947		19,116,629
Rivian Automotive, Cl A *		8,426,764		108,031,115
Tesla *		842,633		138,453,028
				325,983,368
Industrials — 1.7%
EnerSys		478,057		39,664,389
Enovix * (A)		1,349,268		14,599,080
				54,263,469
Materials — 9.8%
Albemarle		1,397,322		259,147,338

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

3

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Lithium & Battery Tech ETF

		Shares		Value
COMMON STOCK — continued
Materials — continued
Livent *			2,123,541	$	46,399,371
					305,546,709
TOTAL UNITED STATES					685,793,546
TOTAL COMMON STOCK
(Cost $3,127,366,329)					3,127,268,420
SHORT-TERM INVESTMENT(B)(C) — 0.4%
Fidelity Investments Money Market
Government Portfolio, Cl Institutional,
4.770%
(Cost $12,914,900) .			12,914,900		12,914,900
	Face Amount
REPURCHASE AGREEMENT(B) — 4.6%
BNP Paribas
4.700%, dated 04/28/2023, to be
repurchased on 05/01/2023, repurchase
price $144,363,744 (collateralized by U.S.
Treasury Obligations, ranging in par value
$7,752,584 - $11,651,586, 1.125% - 2.250%,
01/15/2025 - 08/15/2027, with a total market
value of $146,901,460)
(Cost $144,307,224) .		$	144,307,224		144,307,224
TOTAL INVESTMENTS — 105.0%
(Cost $3,284,588,453)				$	3,284,490,544

Percentages are based on Net Assets of $3,127,602,337.
*	Non-income producing security.
(A)	This security or a partial position of this security is on loan at April 30, 2023.
(B)	Security was purchased with cash collateral held from securities on loan.
(C)	The rate reported on the Schedule of Investments is the 7-day effective yield as of
	April 30, 2023.

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

4

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Lithium & Battery Tech ETF

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	3,127,268,420	$	—	$	—	$	3,127,268,420
Short-Term Investment		12,914,900		—		—		12,914,900
Repurchase Agreement		—		144,307,224		—		144,307,224
Total Investments in Securities	$	3,140,183,320	$	144,307,224	$	—	$	3,284,490,544

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

See "Glossary" for abbreviations.

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

5

Schedule of Investments	April 30, 2023 (Unaudited)
Global X SuperDividend® ETF

	Shares		Value
COMMON STOCK — 93.6%
ARGENTINA — 1.0%
Materials — 1.0%
Loma Negra Cia Industrial Argentina ADR		1,169,419	$	7,156,844
AUSTRALIA — 9.6%
Consumer Discretionary — 2.0%
Harvey Norman Holdings		2,914,920		6,954,045
TABCORP Holdings .		11,815,738		8,198,867
				15,152,912
Energy — 2.0%
Woodside Energy Group		341,436		7,599,501
Yancoal Australia (A)		1,964,362		7,217,719
				14,817,220
Financials — 2.0%
Magellan Financial Group .		1,418,798		7,613,428
Platinum Asset Management		6,617,160		7,674,541
				15,287,969
Materials — 3.6%
BHP Group		248,709		7,297,568

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

6

Schedule of Investments	April 30, 2023 (Unaudited)
Global X SuperDividend® ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
Grange Resources .		13,704,745	$	5,569,930
Rio Tinto .		96,440		7,153,972
Rio Tinto ADR		106,779		6,832,788
				26,854,258
TOTAL AUSTRALIA				72,112,359
BRAZIL — 8.1%
Consumer Staples — 2.0%
BrasilAgro - Brasileira de Propriedades
Agricolas .		1,578,620		7,623,546
Marfrig Global Foods		5,785,381		7,528,275
				15,151,821
Materials — 2.9%
Cia Siderurgica Nacional		2,491,800		7,077,662
CSN Mineracao .		8,169,100		7,576,606
Vale ADR, Cl B .		465,030		6,701,082
				21,355,350
Utilities — 3.2%
CPFL Energia .		1,239,211		8,208,812
EDP - Energias do Brasil .		1,775,546		7,985,405
Transmissora Alianca de Energia Eletrica .		1,072,223		7,816,339
				24,010,556
TOTAL BRAZIL				60,517,727
CHILE — 1.0%
Communication Services — 1.0%
ENTEL Chile		1,812,795		7,588,103
CHINA — 12.6%
Energy — 2.1%
China Petroleum & Chemical, Cl H		12,781,500		8,352,857
China Shenhua Energy, Cl H		2,339,200		7,747,768
				16,100,625
Financials — 4.0%
China Cinda Asset Management, Cl H		57,862,500		6,855,135
China Everbright Bank, Cl H .		25,293,800		8,087,675

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

7

Schedule of Investments	April 30, 2023 (Unaudited)
Global X SuperDividend® ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Chongqing Rural Commercial Bank, Cl H .		21,880,200	$	8,445,586
Lufax Holding ADR		3,813,492		6,482,936
				29,871,332
Industrials — 1.1%
Shanghai Industrial Holdings		5,722,400		8,368,661
Materials — 2.8%
China Hongqiao Group		7,222,000		7,074,890
China Resources Cement Holdings		13,410,500		6,047,615
Shougang Fushan Resources Group .		23,277,100		7,887,627
				21,010,132
Real Estate — 2.6%
China Aoyuan Group *(B)		45,008,763		860,051
China Overseas Grand Oceans Group		20,019,900		11,553,032
Midea Real Estate Holding (A)		6,068,400		7,228,059
				19,641,142
TOTAL CHINA				94,991,892
DENMARK — 1.7%
Industrials — 1.7%
AP Moller - Maersk, Cl B		3,145		5,680,873
D/S Norden .		107,074		6,730,882
TOTAL DENMARK				12,411,755
GREECE — 0.9%
Industrials — 0.9%
Star Bulk Carriers (A)		331,214		6,991,928
HONG KONG — 4.4%
Communication Services — 2.0%
HKBN		10,460,400		7,369,013
PCCW		14,917,100		7,772,193
				15,141,206
Industrials — 1.3%
Orient Overseas International		486,400		9,839,656

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

8

Schedule of Investments	April 30, 2023 (Unaudited)
Global X SuperDividend® ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — 1.1%
VTech Holdings		1,353,400	$	8,111,883
TOTAL HONG KONG				33,092,745
INDONESIA — 2.1%
Energy — 2.1%
Bukit Asam		30,710,500		8,666,767
Indo Tambangraya Megah .		3,131,700		7,108,767
TOTAL INDONESIA				15,775,534
ISRAEL — 0.8%
Consumer Discretionary — 0.8%
Delek Automotive Systems		764,703		6,119,390
ITALY — 1.0%
Financials — 1.0%
BFF Bank		741,060		7,134,073
JAPAN — 0.9%
Industrials — 0.9%
Mitsui OSK Lines (A)		282,848		6,979,542
KUWAIT — 1.1%
Consumer Discretionary — 1.1%
Humansoft Holding KSC		624,999		7,956,573
NETHERLANDS — 1.8%
Industrials — 1.0%
PostNL		4,169,034		7,497,634
Materials — 0.8%
OCI		227,019		5,987,507
TOTAL NETHERLANDS				13,485,141
NORWAY — 1.9%
Energy — 1.0%
FLEX LNG .		227,413		7,825,281

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

9

Schedule of Investments	April 30, 2023 (Unaudited)
Global X SuperDividend® ETF

	Shares		Value
COMMON STOCK — continued
Industrials — 0.9%
Golden Ocean Group		743,672	$	6,804,599
TOTAL NORWAY				14,629,880
RUSSIA — 0.0%
Materials — 0.0%
Magnitogorsk Iron & Steel Works PJSC *(B)		6,332,020		—
PhosAgro PJSC GDR *(B)		119		—
Severstal PJSC *(B)		312,897		—
				—
Utilities — 0.0%
Unipro PJSC *(B)		209,143,887		—
TOTAL RUSSIA				—
SINGAPORE — 1.6%
Energy — 0.9%
BW LPG .		890,068		7,147,285
Real Estate — 0.7%
Manulife US Real Estate Investment Trust ‡		28,015,405		5,014,757
TOTAL SINGAPORE				12,162,042
SOUTH AFRICA — 4.0%
Energy — 1.0%
Exxaro Resources (A)		733,206		7,692,272
Financials — 1.0%
Coronation Fund Managers		4,370,461		7,168,667
Materials — 0.9%
African Rainbow Minerals		568,703		7,144,655
Real Estate — 1.1%
Redefine Properties ‡		38,166,087		8,099,237
TOTAL SOUTH AFRICA				30,104,831
TAIWAN — 2.6%
Information Technology — 1.8%
Himax Technologies ADR (A)		968,924		6,433,655

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

10

Schedule of Investments	April 30, 2023 (Unaudited)
Global X SuperDividend® ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Innolux		16,344,000	$	7,124,001
				13,557,656
Materials — 0.8%
Nantex Industry .		4,850,000		6,223,713
TOTAL TAIWAN				19,781,369
THAILAND — 1.6%
Industrials — 1.6%
Precious Shipping NVDR (A)		17,864,500		6,487,145
Regional Container Lines NVDR (A)		8,284,776		5,871,340
TOTAL THAILAND				12,358,485
UKRAINE — 0.8%
Materials — 0.8%
Ferrexpo		4,643,315		6,308,900
UNITED ARAB EMIRATES — 1.2%
Energy — 1.2%
Dana Gas PJSC		36,528,867		8,893,466
UNITED KINGDOM — 3.1%
Consumer Discretionary — 1.1%
Persimmon .		500,407		8,264,537
Financials — 2.0%
Jupiter Fund Management .		4,389,003		7,171,483
M&G .		2,948,741		7,601,548
				14,773,031
TOTAL UNITED KINGDOM				23,037,568
UNITED STATES — 29.8%
Consumer Staples — 1.0%
JBS .		2,100,417		7,515,209
Energy — 2.9%
Arch Resources		51,758		6,327,416
Diversified Energy		6,465,958		7,696,311

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

11

Schedule of Investments	April 30, 2023 (Unaudited)
Global X SuperDividend® ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Kimbell Royalty Partners		502,127	$	8,054,117
				22,077,844
Financials — 20.0%
AGNC Investment ‡		727,135		7,205,908
Annaly Capital Management ‡		401,670		8,025,367
Apollo Commercial Real Estate Finance ‡		749,045		7,580,335
Arbor Realty Trust ‡		613,536		7,037,258
Ares Commercial Real Estate ‡		765,908		6,594,468
ARMOUR Residential REIT ‡		1,464,308		7,467,971
Blackstone Mortgage Trust, Cl A ‡		399,273		7,282,739
Broadmark Realty Capital ‡		1,602,961		7,870,538
Chimera Investment ‡		1,381,427		7,846,505
Dynex Capital ‡		620,420		7,358,181
Ellington Financial ‡		652,877		8,337,239
KKR Real Estate Finance Trust ‡		604,089		6,487,916
MFA Financial ‡		784,175		8,382,831
New York Mortgage Trust ‡		813,208		8,359,778
PennyMac Mortgage Investment Trust ‡		609,494		7,576,010
Ready Capital ‡ (A)		736,998		7,907,989
Redwood Trust ‡		1,068,457		6,709,910
Rithm Capital ‡		896,405		7,314,665
Starwood Property Trust ‡ (A)		417,074		7,461,454
Two Harbors Investment ‡		501,446		6,985,143
				149,792,205
Industrials — 1.8%
Eagle Bulk Shipping .		147,739		6,606,888
Genco Shipping & Trading .		448,728		6,914,899
				13,521,787
Real Estate — 4.1%
Global Net Lease ‡		557,864		6,281,549
Necessity Retail REIT ‡		1,160,514		6,394,432
Office Properties Income Trust ‡		546,703		3,564,504
Omega Healthcare Investors ‡		260,233		6,963,835

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

12

Schedule of Investments	April 30, 2023 (Unaudited)
Global X SuperDividend® ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Sabra Health Care REIT ‡		654,211	$	7,458,005
				30,662,325
TOTAL UNITED STATES				223,569,370
TOTAL COMMON STOCK
(Cost $851,534,881)				703,159,517
PREFERRED STOCK — 4.2%
BRAZIL— 4.2%
Energy — 1.1%
Petroleo Brasileiro (C)		1,673,495		7,927,847
Materials — 1.9%
Gerdau (C)		1,550,608		7,804,414
Unipar Carbocloro (C)		511,469		6,670,868
				14,475,282
Utilities — 1.2%
Cia Paranaense de Energia (C)		5,726,485		9,180,049
TOTAL BRAZIL				31,583,178
TOTAL PREFERRED STOCK
(Cost $34,078,049)				31,583,178
SHORT-TERM INVESTMENT(D)(E) — 0.5%
Fidelity Investments Money Market
Government Portfolio, Cl Institutional,
4.770%
(Cost $3,643,538)		3,643,538		3,643,538

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

13

Schedule of Investments	April 30, 2023 (Unaudited)
Global X SuperDividend® ETF

	Face Amount		Value
REPURCHASE AGREEMENT(D) — 5.4%
BNP Paribas
4.700%, dated 04/28/2023, to be
repurchased on 05/01/2023, repurchase price
$40,727,750 (collateralized by U.S. Treasury
Obligations, ranging in par value $2,187,151
- $3,287,133, 1.125% - 2.250%, 01/15/2025
- 08/15/2027, with a total market value of
$41,443,687)
(Cost $40,711,805) .	$	40,711,805	$	40,711,805
TOTAL INVESTMENTS — 103.7%
(Cost $929,968,273)			$	779,098,038

Percentages are based on Net Assets of $751,151,634.
*	Non-income producing security.
‡	Real Estate Investment Trust
(A)	This security or a partial position of this security is on loan at April 30, 2023.
(B)	Level 3 security in accordance with fair value hierarchy.
(C)	There is currently no stated interest rate.
(D)	Security was purchased with cash collateral held from securities on loan.
(E)	The rate reported on the Schedule of Investments is the 7-day effective yield as of
	April 30, 2023.

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3(1)		Total
Common Stock	$	688,223,503	$	14,075,963	$	860,051	$	703,159,517
Preferred Stock		31,583,178		—		—		31,583,178
Short-Term Investment		3,643,538		—		—		3,643,538
Repurchase Agreement		—		40,711,805		—		40,711,805
Total Investments in Securities	$	723,450,219	$	54,787,768	$	860,051	$	779,098,038

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

14

Schedule of Investments	April 30, 2023 (Unaudited)
Global X SuperDividend® ETF

(1) A reconciliation of Level 3 investments and disclosures of significant unobservable inputs are presented when the Fund has a significant amount of Level 3 investments at the end of the period  in relation to Net Assets. Management has concluded that Level 3 investments are not    material in relation to Net Assets. 

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

See "Glossary" for abbreviations.

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

15

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Social Media ETF

	Shares		Value
COMMON STOCK — 99.7%
CHINA — 35.1%
Communication Services — 35.1%
Baidu ADR *		53,104	$	6,404,873
Bilibili ADR *		212,110		4,318,560
DouYu International Holdings ADR *		173,734		192,845
Hello Group ADR *		92,997		777,455
HUYA ADR *		27,625		89,781
Inkeverse Group *		659,000		91,506
JOYY ADR .		19,819		603,092
Kuaishou Technology, Cl B *		1,477,788		9,657,515
Meitu *		1,414,600		392,849
NetEase ADR .		75,604		6,738,585
Tencent Holdings .		309,427		13,575,543
Tencent Music Entertainment Group ADR *		559,146		4,143,272
Weibo ADR *		96,396		1,687,894
TOTAL CHINA				48,673,770
GERMANY — 0.6%
Communication Services — 0.6%
United Internet		51,030		876,603

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

16

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Social Media ETF

	Shares		Value
COMMON STOCK — continued
JAPAN — 6.5%
Communication Services — 6.5%
DeNA		46,872	$	655,757
giftee *		12,506		205,089
Gree		34,029		175,437
Kakaku.com .		80,131		1,096,347
MIXI		24,268		511,505
Nexon .		282,433		6,367,784
TOTAL JAPAN				9,011,919
SOUTH KOREA — 14.6%
Communication Services — 14.6%
AfreecaTV		5,423		314,019
Com2uSCorp		5,525		282,359
Kakao .		146,791		6,372,203
NAVER		91,932		13,208,700
TOTAL SOUTH KOREA				20,177,281
TAIWAN — 0.1%
Consumer Discretionary — 0.1%
PChome Online .		66,144		123,069
UNITED ARAB EMIRATES — 0.2%
Communication Services — 0.2%
Yalla Group ADR * (A)		63,950		228,941
UNITED STATES — 42.6%
Communication Services — 40.4%
Alphabet, Cl A *		62,806		6,741,596
Angi, Cl A *		51,408		118,238
Bumble, Cl A *		56,113		1,021,818
IAC *		50,700		2,624,739
Match Group *		181,136		6,683,918
Meta Platforms, Cl A *		65,026		15,627,048
Nextdoor Holdings *		70,600		148,966
Pinterest, Cl A *		380,669		8,755,387
Rumble *		49,973		397,785
Snap, Cl A *		628,867		5,477,432
Spotify Technology *		50,746		6,779,666

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

17

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Social Media ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Vimeo *		97,019	$	319,192
Yelp, Cl A *		41,755		1,249,310
				55,945,095
Consumer Discretionary — 0.0%
Groupon, Cl A * (A)		12,674		45,373
Industrials — 0.6%
Fiverr International *		20,317		741,977
Information Technology — 1.6%
Life360, Cl CDI *		65,882		221,174
Sprinklr, Cl A *		46,424		555,231
Sprout Social, Cl A *		29,671		1,461,593
				2,237,998
TOTAL UNITED STATES				58,970,443
TOTAL COMMON STOCK
(Cost $231,890,591)				138,062,026
SHORT-TERM INVESTMENT(B)(C) — 0.2%
Fidelity Investments Money Market
Government Portfolio, Cl Institutional,
4.770%
(Cost $282,225)		282,225		282,225
	Face Amount
REPURCHASE AGREEMENT(B) — 2.3%
BNP Paribas
4.700%, dated 04/28/2023, to be repurchased
on 05/01/2023, repurchase price $3,154,736
(collateralized by U.S. Treasury Obligations,
ranging in par value $169,415 - $254,618,
1.125% - 2.250%, 01/15/2025 - 08/15/2027,
with a total market value of $3,210,194)
(Cost $3,153,500)	$	3,153,500	$	3,153,500
TOTAL INVESTMENTS — 102.2%
(Cost $235,326,316)			$	141,497,751

Percentages are based on Net Assets of $138,483,903.

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

18

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Social Media ETF

*	Non-income producing security.
(A)	This security or a partial position of this security is on loan at April 30, 2023.
(B)	Security was purchased with cash collateral held from securities on loan.
(C)	The rate reported on the Schedule of Investments is the 7-day effective yield as of
	April 30, 2023.

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	138,062,026	$	—	$	—	$	138,062,026
Short-Term Investment		282,225		—		—		282,225
Repurchase Agreement		—		3,153,500		—		3,153,500
Total Investments in Securities	$	138,344,251	$	3,153,500	$	—	$	141,497,751

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

See "Glossary" for abbreviations.

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

19

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Guru® Index ETF

	Shares		Value
COMMON STOCK — 98.4%
CAMEROON — 1.5%
Energy — 1.5%
Golar LNG *		29,806	$	676,596
CANADA — 1.5%
Industrials — 1.5%
Canadian Pacific Kansas City		8,831		696,236
CHINA — 2.3%
Consumer Discretionary — 2.3%
Alibaba Group Holding ADR *		6,793		575,299
JD.com ADR .		13,409		478,970
TOTAL CHINA				1,054,269
DENMARK — 0.9%
Health Care — 0.9%
Ascendis Pharma ADR *		6,253		437,460

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

20

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Guru® Index ETF

	Shares		Value
COMMON STOCK — continued
UNITED KINGDOM — 1.4%
Communication Services — 1.4%
Liberty Global, Cl C *		32,205	$	655,050
UNITED STATES — 90.8%
Communication Services — 7.1%
Activision Blizzard *		9,014		700,478
Alphabet, Cl C *		7,213		780,591
Frontier Communications Parent *		24,421		550,449
Liberty Broadband, Cl C *		7,419		628,983
Netflix *		1,958		646,003
				3,306,504
Consumer Discretionary — 12.6%
Asbury Automotive Group *		2,991		578,639
Bath & Body Works .		16,200		568,620
Dutch Bros, Cl A * (A)		17,151		534,254
Expedia Group *		6,040		567,518
Hilton Worldwide Holdings .		4,585		660,332
Home Depot .		2,183		656,079
Lithia Motors, Cl A .		2,713		599,275
Lowe's		3,257		676,902
Rivian Automotive, Cl A *		33,112		424,496
SeaWorld Entertainment *		10,558		566,542
				5,832,657
Consumer Staples — 7.9%
Albertsons, Cl A		33,309		696,158
Bunge .		7,046		659,506
Colgate-Palmolive		9,636		768,953
Mondelez International, Cl A .		10,664		818,142
Post Holdings *		7,784		704,374
				3,647,133
Energy — 4.2%
Chesapeake Energy .		8,423		696,413
Chevron .		4,143		698,427
Texas Pacific Land		372		549,686
				1,944,526

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

21

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Guru® Index ETF

	Shares		Value
COMMON STOCK — continued
Financials — 11.6%
Arch Capital Group *		10,305	$	773,596
First American Financial		11,475		661,075
Fiserv *		6,008		733,697
KKR .		11,893		631,161
LPL Financial Holdings		2,827		590,391
S&P Global .		1,907		691,440
Visa, Cl A .		3,061		712,387
Wells Fargo .		14,602		580,429
				5,374,176
Health Care — 18.7%
Amicus Therapeutics *		53,431		616,594
Cytokinetics *		16,340		611,116
Elevance Health		1,438		673,919
Immunovant *		38,634		623,553
IQVIA Holdings *		3,087		581,066
Moderna *		3,950		524,915
PerkinElmer		5,177		675,547
Rocket Pharmaceuticals *		35,698		639,708
Seagen *		4,966		993,200
Tenet Healthcare *		11,352		832,329
United Therapeutics *		2,765		636,309
UnitedHealth Group		1,425		701,228
Viatris, Cl W		59,108		551,478
				8,660,962
Industrials — 8.2%
Avis Budget Group *		2,839		501,566
Delta Air Lines *		17,949		615,830
Ferguson .		4,681		659,178
Hertz Global Holdings *		35,320		589,138
Howmet Aerospace .		16,321		722,857
TransDigm Group .		912		697,680
				3,786,249
Information Technology — 7.7%
Apple .		4,510		765,257
GoDaddy, Cl A *		8,699		658,340
Microsoft		2,600		798,876
Snowflake, Cl A *		3,997		591,876

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

22

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Guru® Index ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
VMware, Cl A *		5,944	$	743,178
				3,557,527
Materials — 5.8%
Ashland Global Holdings		6,694		680,177
Element Solutions .		34,036		617,754
International Flavors & Fragrances		7,232		701,215
Sherwin-Williams .		3,010		714,995
				2,714,141
Real Estate — 4.3%
American Tower ‡		3,232		660,588
ProLogis ‡		5,492		687,873
Zillow Group, Cl C *		14,748		642,128
				1,990,589
Utilities — 2.7%
AES .		26,242		620,886
Constellation Energy .		8,143		630,268
				1,251,154
TOTAL UNITED STATES				42,065,618
TOTAL COMMON STOCK
(Cost $46,199,119)				45,585,229
MASTER LIMITED PARTNERSHIP — 1.4%
UNITED STATES— 1.4%
Industrials — 1.4%
Icahn Enterprises .		12,891		654,734
TOTAL MASTER LIMITED PARTNERSHIP
(Cost $565,432) .				654,734
SHORT-TERM INVESTMENT(B)(C) — 0.1%
Fidelity Investments Money Market
Government Portfolio, Cl Institutional,
4.770%
(Cost $33,383) .		33,383		33,383

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

23

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Guru® Index ETF

	Face Amount		Value
REPURCHASE AGREEMENT(B) — 0.8%
BNP Paribas
4.700%, dated 04/28/2023, to be repurchased
on 05/01/2023, repurchase price $373,164
(collateralized by U.S. Treasury Obligations,
ranging in par value $20,039 - $30,118,
1.125% - 2.250%, 01/15/2025 - 08/15/2027,
with a total market value of $379,722)
(Cost $373,017)	$	373,017	$	373,017
TOTAL INVESTMENTS — 100.7%
(Cost $47,170,951)			$	46,646,363

Percentages are based on Net Assets of $46,325,761.
*	Non-income producing security.
‡	Real Estate Investment Trust
(A)	This security or a partial position of this security is on loan at April 30, 2023.
(B)	Security was purchased with cash collateral held from securities on loan.
(C)	The rate reported on the Schedule of Investments is the 7-day effective yield as of
	April 30, 2023.

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	45,585,229	$	—	$	—	$	45,585,229
Master Limited Partnership		654,734		—		—		654,734
Short-Term Investment		33,383		—		—		33,383
Repurchase Agreement		—		373,017		—		373,017
Total Investments in Securities	$	46,273,346	$	373,017	$	—	$	46,646,363

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

See "Glossary" for abbreviations.

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

24

Schedule of Investments	April 30, 2023 (Unaudited)
Global X SuperIncome™ Preferred ETF

 

	Shares		Value
PREFERRED STOCK — 99.8%
UNITED STATES— 99.8%
Communication Services — 9.4%
AT&T, 5.000%		273,961	$	6,098,372
AT&T, 4.750%		399,603		8,343,711
Telephone and Data Systems, 6.000% .		157,438		2,114,392
United States Cellular, 6.250%		114,095		1,915,655
				18,472,130
Consumer Discretionary — 6.2%
Ford Motor, 6.500% .		136,964		3,299,463
Ford Motor, 6.200% .		171,226		4,297,772
Ford Motor, 6.000% .		182,620		4,444,971
				12,042,206
Consumer Staples — 1.6%
CHS, Ser 4, 7.500% .		117,750		3,109,777
Energy — 4.0%
Crestwood Equity Partners, 9.250% .		406,660		3,700,606
Energy Transfer, 7.600%, ICE LIBOR USD 3
Month + 5.161% (A)		182,616		4,222,082
				7,922,688
Financials — 68.7%
AGNC Investment, 6.125%, ICE LIBOR USD
3 Month + 4.697% ‡,(A)		131,218		2,680,784
Allstate, 5.100%		262,566		6,262,199

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

25

Schedule of Investments	April 30, 2023 (Unaudited)
Global X SuperIncome™ Preferred ETF

	Shares		Value
PREFERRED STOCK — continued
Financials — continued
Annaly Capital Management, 6.750%, ICE
LIBOR USD 3 Month + 4.989% ‡,(A)	100,992	$	2,415,729
Arch Capital Group, 4.550%	114,097		2,188,380
Athene Holding, 7.750%, US Treas Yield
Curve Rate T Note Const Mat 5 Yr +
3.962%(A)	114,116		2,820,948
Athene Holding, 6.375%, US Treas Yield
Curve Rate T Note Const Mat 5 Yr +
5.970%(A)	136,961		3,088,471
Athene Holding, 6.350%, ICE LIBOR USD 3
Month + 4.253% (A)	196,896		4,270,674
Bank of America, 7.250% *	10,726		12,698,833
Bank of America, 5.375%	194,166		4,597,851
Bank of America, 4.750%	95,596		1,997,956
Brighthouse Financial, 5.375% .	129,843		2,265,760
Capital One Financial, 5.000% (B)	342,491		7,027,915
Capital One Financial, 4.800%	285,398		5,553,845
Capital One Financial, 4.375%	154,052		2,697,451
First Republic Bank, 4.250% .	173,861		295,564
First Republic Bank, 4.000% .	174,444		301,788
Goldman Sachs Group, 6.375%, ICE LIBOR
USD 3 Month + 3.550% (A)	159,775		4,031,123
Huntington Bancshares, 6.875%, US Treas
Yield Curve Rate T Note Const Mat 5 Yr +
2.704%%(A)(B)	74,151		1,838,945
Huntington Bancshares, 4.500%	114,092		2,186,003
Jackson Financial, 8.000%, US Treas Yield
Curve Rate T Note Const Mat 5 Yr +
3.728%%(A)(B)	125,532		3,129,513
JPMorgan Chase, 4.550%	342,495		7,295,144
KeyCorp, 6.200%, US Treas Yield Curve Rate
T Note Const Mat 5 Yr + 3.132% (A) (B)	136,957		3,040,445
KeyCorp, 6.125%, ICE LIBOR USD 3 Month
+ 3.892%(A)	114,114		2,566,424
Lincoln National, 9.000%	114,121		3,009,371
Morgan Stanley, 6.500% (B)	228,316		5,968,180
New York Community Bancorp, 6.375%, ICE
LIBOR USD 3 Month + 3.821% (A)	117,560		2,752,080
Prudential Financial, 5.950% .	68,427		1,751,731

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

26

Schedule of Investments	April 30, 2023 (Unaudited)
Global X SuperIncome™ Preferred ETF

	Shares		Value
PREFERRED STOCK — continued
Financials — continued
Regions Financial, Ser B, 6.375%, ICE LIBOR
USD 3 Month + 3.536% (A)		114,114	$	2,734,171
Regions Financial, 5.700%, ICE LIBOR USD
3 Month + 3.148% (A)		114,105		2,640,390
Rithm Capital, 7.000%, US Treas Yield Curve
Rate T Note Const Mat 5 Yr + 6.223% ‡,(A)		106,094		2,118,697
Synchrony Financial, 5.625% .		171,194		2,901,738
Synovus Financial, 5.875%, US Treas Yield
Curve Rate T Note Const Mat 5 Yr +
4.127%(A)		79,865		1,689,943
Truist Financial, 4.750%		211,180		4,538,258
Wells Fargo, 7.500% * (B)		13,710		16,013,691
Wells Fargo, 4.700% (B)		161,731		3,195,805
				134,565,800
Industrials — 4.7%
Chart Industries, 6.750% .		45,935		2,575,576
Clarivate, 5.250% .		82,048		3,281,920
WESCO International, 10.625%, US Treas
Yield Curve Rate T Note Const Mat 5 Yr +
10.325%(A)		123,326		3,354,467
				9,211,963
Utilities — 5.2%
Duke Energy, 5.750%		228,316		5,879,137
Sempra Energy, 5.750% .		172,949		4,261,463
				10,140,600
TOTAL UNITED STATES				195,465,164
TOTAL PREFERRED STOCK
(Cost $200,717,106)				195,465,164
SHORT-TERM INVESTMENT(C)(D) — 0.5%
Fidelity Investments Money Market
Government Portfolio, Cl Institutional,
4.770%
(Cost $1,007,535)		1,007,535		1,007,535

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

27

Schedule of Investments	April 30, 2023 (Unaudited)
Global X SuperIncome™ Preferred ETF

	Face Amount		Value
REPURCHASE AGREEMENT(C) — 5.7%
BNP Paribas
4.700%, dated 04/28/2023, to be repurchased
on 05/01/2023, repurchase price $11,262,306
(collateralized by U.S. Treasury Obligations,
ranging in par value $604,805 - $908,980,
1.125% - 2.250%, 01/15/2025 - 08/15/2027,
with a total market value of $11,460,280)
(Cost $11,257,896) .	$	11,257,896	$	11,257,896
TOTAL INVESTMENTS — 106.0%
(Cost $212,982,537)			$	207,730,595

Percentages are based on Net Assets of $195,911,588.
*	Non-income producing security.
‡	Real Estate Investment Trust
(A)	Variable or floating rate security. The rate shown is the effective interest rate as of
	period end. The rates on certain securities are not based on published reference
	rates and spreads and are either determined by the issuer or agent based on current
	market conditions; by using a formula based on the rates of underlying loans; or by
	adjusting periodically based on prevailing interest rates.
(B)	This security or a partial position of this security is on loan at April 30, 2023.
(C)	Security was purchased with cash collateral held from securities on loan.
(D)	The rate reported on the Schedule of Investments is the 7-day effective yield as of
	April 30, 2023.

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Preferred Stock	$	195,465,164	$	—	$	—	$	195,465,164
Short-Term Investment		1,007,535		—		—		1,007,535
Repurchase Agreement		—		11,257,896		—		11,257,896
Total Investments in Securities	$	196,472,699	$	11,257,896	$	—	$	207,730,595

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

See "Glossary" for abbreviations.

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

28

Schedule of Investments	April 30, 2023 (Unaudited)
Global X SuperDividend® U.S. ETF

	Shares		Value
COMMON STOCK — 80.8%
UNITED STATES — 80.8%
Communication Services — 4.3%
Cogent Communications Holdings .		199,774	$	13,792,397
Verizon Communications		337,913		13,121,162
				26,913,559
Consumer Discretionary — 1.7%
PetMed Express .		681,215		10,470,275
Consumer Staples — 15.3%
Altria Group .		282,732		13,432,597
B&G Foods .		1,089,955		17,482,878
Kraft Heinz		339,767		13,342,650
Philip Morris International		133,490		13,344,995
Universal		254,975		13,995,578
Vector Group .		944,401		12,031,669
Walgreens Boots Alliance		369,720		13,032,630
				96,662,997
Energy — 10.3%
Chesapeake Energy .		169,715		14,032,036
Kimbell Royalty Partners		883,747		14,175,302

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

29

Schedule of Investments	April 30, 2023 (Unaudited)
Global X SuperDividend® U.S. ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Kinder Morgan .		766,555	$	13,146,418
Sabine Royalty Trust .		177,181		13,311,609
San Juan Basin Royalty Trust		1,345,851		10,255,385
				64,920,750
Financials — 13.5%
AGNC Investment ‡		1,193,188		11,824,493
Annaly Capital Management ‡		629,477		12,576,950
KKR Real Estate Finance Trust ‡		894,702		9,609,100
New York Community Bancorp .		1,447,320		15,471,851
TFS Financial .		941,237		11,332,493
Two Harbors Investment ‡		792,008		11,032,671
Virtu Financial, Cl A .		670,431		13,442,142
				85,289,700
Health Care — 2.2%
AbbVie		89,840		13,576,621
Industrials — 11.8%
3M		120,278		12,775,929
Eagle Bulk Shipping .		237,232		10,609,015
Ennis		627,171		12,185,933
Genco Shipping & Trading .		752,645		11,598,259
Healthcare Services Group *		948,382		14,804,243
National Presto Industries		177,727		12,088,991
				74,062,370
Information Technology — 3.7%
International Business Machines .		100,671		12,725,821
Western Union .		982,652		10,740,386
				23,466,207
Materials — 3.4%
Kronos Worldwide .		1,221,274		11,357,848
Mativ Holdings		508,276		9,845,306
				21,203,154
Real Estate — 8.4%
Alexander's ‡		60,312		11,222,254
Easterly Government Properties, Cl A ‡		858,512		12,079,264

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

30

Schedule of Investments	April 30, 2023 (Unaudited)
Global X SuperDividend® U.S. ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Global Net Lease ‡		942,415	$	10,611,593
Iron Mountain ‡		258,389		14,273,408
Office Properties Income Trust ‡		771,316		5,028,980
				53,215,499
Utilities — 6.2%
Avangrid .		328,742		13,235,153
Clearway Energy, Cl C .		414,726		12,595,229
Duke Energy		136,615		13,508,491
				39,338,873
TOTAL UNITED STATES				509,120,005
TOTAL COMMON STOCK
(Cost $573,085,207)				509,120,005
MASTER LIMITED PARTNERSHIPS — 18.8%
UNITED STATES— 18.8%
Energy — 12.5%
CrossAmerica Partners .		626,587		13,396,430
Global Partners .		377,322		11,621,517
Holly Energy Partners .		733,067		12,212,896
Magellan Midstream Partners .		254,945		14,225,931
MPLX		389,324		13,622,447
USA Compression Partners		662,043		13,836,699
				78,915,920
Industrials — 2.0%
Icahn Enterprises .		250,442		12,719,949
Materials — 2.1%
Westlake Chemical Partners		574,438		12,890,389
Oil & Gas — 2.2%
Dorchester Minerals		458,901		13,734,907
TOTAL UNITED STATES				118,261,165
TOTAL MASTER LIMITED PARTNERSHIPS
(Cost $89,488,760)				118,261,165
TOTAL INVESTMENTS — 99.6%
(Cost $662,573,967)			$	627,381,170

Percentages are based on Net Assets of $629,894,574.

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

31

Schedule of Investments	April 30, 2023 (Unaudited)
Global X SuperDividend® U.S. ETF

*	Non-income producing security.
‡	Real Estate Investment Trust

As of April 30, 2023, all of the Fund's investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP. Amounts designated as “—“ are $0 or have been rounded to $0.

See "Glossary" for abbreviations.

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

32

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — 102.1%(A)
CHINA — 0.1%
Information Technology — 0.1%
NXP Semiconductors .		19,564	$	3,203,409
UNITED STATES — 102.0%
Communication Services — 8.4%
Activision Blizzard *		54,240		4,214,990
Alphabet, Cl A *		463,176		49,717,312
Alphabet, Cl C *		403,656		43,683,652
AT&T		549,689		9,713,005
Charter Communications, Cl A *		8,277		3,051,730
Comcast, Cl A		325,024		13,446,243
DISH Network, Cl A *		20,121		151,109
Electronic Arts		20,953		2,666,898
Fox, Cl A		26,683		887,476
Fox, Cl B		13,345		407,556
Interpublic Group		32,157		1,148,970
Live Nation Entertainment *		12,383		839,320
Match Group *		24,031		886,744
Meta Platforms, Cl A *		172,944		41,561,902
Netflix *		34,370		11,339,694

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

33

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
News, Cl A .		33,369	$	587,628
News, Cl B .		11,407		202,474
Omnicom Group .		16,499		1,494,314
Paramount Global, Cl B		38,872		906,884
Take-Two Interactive Software *		12,409		1,542,315
T-Mobile US *		45,432		6,537,665
Verizon Communications		324,464		12,598,937
Walt Disney *		141,312		14,484,480
Warner Bros Discovery *		164,374		2,237,130
				224,308,428
Consumer Discretionary — 10.1%
Advance Auto Parts		4,894		614,344
Amazon.com *		693,809		73,162,159
Aptiv *		21,883		2,250,885
AutoZone *		1,419		3,779,237
Bath & Body Works .		20,525		720,427
Best Buy		15,275		1,138,293
Booking Holdings *		3,015		8,099,225
BorgWarner .		19,505		938,776
Caesars Entertainment *		19,381		877,765
CarMax *		13,155		921,245
Carnival *		86,826		799,667
Chipotle Mexican Grill, Cl A *		2,088		4,317,191
Darden Restaurants .		9,786		1,486,787
Domino's Pizza .		2,892		918,123
DR Horton		25,490		2,799,312
eBay		43,013		1,997,094
Etsy *		10,574		1,068,291
Expedia Group *		10,397		976,902
Ford Motor .		296,151		3,518,274
Garmin		13,124		1,288,383
General Motors		105,528		3,486,645
Genuine Parts .		11,577		1,948,525
Hasbro .		12,323		729,768
Hilton Worldwide Holdings .		21,144		3,045,159
Home Depot .		79,070		23,763,698
Las Vegas Sands *		25,679		1,639,604
Lennar, Cl A .		19,885		2,243,227
LKQ		20,094		1,160,027

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

34

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Lowe's		46,616	$	9,688,203
Marriott International, Cl A		20,350		3,446,069
McDonald's .		56,730		16,777,898
MGM Resorts International .		25,451		1,143,259
Mohawk Industries *		4,557		482,586
Newell Brands .		33,277		404,316
NIKE, Cl B		96,239		12,195,406
Norwegian Cruise Line Holdings *		34,186		456,383
NVR *		229		1,337,360
O'Reilly Automotive *		4,753		4,359,974
Pool .		2,952		1,037,097
PulteGroup .		17,452		1,171,902
Ralph Lauren, Cl A .		3,634		417,147
Ross Stores		27,244		2,907,752
Royal Caribbean Cruises *		17,089		1,118,133
Starbucks		88,605		10,126,665
Tapestry .		19,354		789,837
Tesla *		208,961		34,334,382
TJX		88,712		6,992,280
Tractor Supply .		8,681		2,069,550
Ulta Beauty *		3,786		2,087,714
VF .		26,426		621,275
Whirlpool		4,503		628,574
Wynn Resorts *		8,572		979,608
Yum! Brands		22,268		3,130,435
				268,392,838
Consumer Staples — 7.5%
Altria Group .		136,833		6,500,936
Archer-Daniels-Midland		41,338		3,227,671
Brown-Forman, Cl B		15,527		1,010,652
Bunge .		11,972		1,120,579
Campbell Soup .		15,445		838,664
Church & Dwight		19,130		1,857,906
Clorox		9,861		1,633,179
Coca-Cola .		301,655		19,351,168
Colgate-Palmolive		63,716		5,084,537
Conagra Brands .		40,124		1,523,107
Constellation Brands, Cl A		13,207		3,030,610
Costco Wholesale		34,360		17,290,639

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

35

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Dollar General .		16,953	$	3,754,411
Dollar Tree *		16,743		2,573,567
Estee Lauder, Cl A .		17,652		4,355,101
General Mills		44,736		3,964,952
Hershey		11,928		3,257,060
Hormel Foods		23,317		942,939
J M Smucker .		8,528		1,316,808
Kellogg .		20,410		1,424,006
Keurig Dr Pepper		63,215		2,067,131
Kimberly-Clark		25,553		3,702,374
Kraft Heinz		59,316		2,329,339
Kroger		51,501		2,504,494
Lamb Weston Holdings .		11,589		1,295,766
McCormick .		19,610		1,722,739
Molson Coors Beverage, Cl B		15,382		914,921
Mondelez International, Cl A .		104,749		8,036,343
Monster Beverage *		57,366		3,212,496
PepsiCo		106,747		20,376,935
Philip Morris International		119,705		11,966,909
Procter & Gamble .		183,177		28,645,219
Sysco .		41,173		3,159,616
Target		35,197		5,552,327
Tyson Foods, Cl A		23,435		1,464,453
Walgreens Boots Alliance		56,983		2,008,651
Walmart		108,604		16,395,946
				199,414,151
Energy — 4.8%
APA .		25,583		942,734
Baker Hughes, Cl A		80,646		2,358,089
Chevron .		138,007		23,265,220
ConocoPhillips .		94,359		9,708,598
Coterra Energy		62,992		1,612,595
Devon Energy		53,151		2,839,858
Diamondback Energy		14,827		2,108,399
EOG Resources		44,871		5,360,738
EQT .		30,638		1,067,428
Exxon Mobil		320,021		37,871,285
Halliburton .		73,479		2,406,437
Hess		22,377		3,246,008

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

36

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Kinder Morgan .		157,369	$	2,698,878
Marathon Oil .		52,862		1,277,146
Marathon Petroleum		34,502		4,209,244
Occidental Petroleum .		54,960		3,381,689
ONEOK .		35,491		2,321,466
Phillips 66 .		35,272		3,491,928
Pioneer Natural Resources		19,055		4,145,415
Schlumberger		108,526		5,355,758
Targa Resources		18,856		1,424,194
Valero Energy .		29,171		3,345,039
Williams		96,554		2,921,724
				127,359,870
Financials — 13.4%
Aflac		45,495		3,177,826
Allstate		20,896		2,418,921
American Express .		45,746		7,380,660
American International Group		55,852		2,962,390
Ameriprise Financial		8,427		2,571,246
Aon, Cl A .		15,669		5,095,245
Arch Capital Group *		30,250		2,270,868
Arthur J Gallagher		16,039		3,337,074
Assurant .		4,625		569,476
Bank of America		540,397		15,822,824
Bank of New York Mellon		54,924		2,339,213
Berkshire Hathaway, Cl B *		140,069		46,019,670
BlackRock, Cl A .		11,525		7,735,580
Brown & Brown .		19,027		1,225,149
Capital One Financial		30,847		3,001,413
Cboe Global Markets .		8,422		1,176,553
Charles Schwab .		116,891		6,106,386
Chubb .		31,821		6,413,841
Cincinnati Financial .		13,142		1,398,834
Citigroup		148,785		7,003,310
Citizens Financial Group .		38,881		1,202,978
CME Group, Cl A .		27,461		5,101,430
Comerica		10,760		466,661
Discover Financial Services		20,872		2,159,626
Everest Re Group		2,961		1,119,258
FactSet Research Systems .		2,776		1,142,851

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

37

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Fidelity National Information Services .		47,410	$	2,783,915
Fifth Third Bancorp		56,929		1,491,540
First Republic Bank *		14,975		52,562
Fiserv *		48,601		5,935,154
FleetCor Technologies *		5,732		1,226,189
Franklin Resources		24,182		650,012
Global Payments		21,182		2,387,423
Globe Life .		6,626		719,054
Goldman Sachs Group		26,079		8,956,572
Hartford Financial Services Group .		24,847		1,763,889
Huntington Bancshares		114,046		1,277,315
Intercontinental Exchange .		42,586		4,638,893
Invesco		32,568		557,890
Jack Henry & Associates .		5,867		958,316
JPMorgan Chase .		227,849		31,497,846
KeyCorp		78,001		878,291
Lincoln National .		13,163		286,032
Loews .		16,842		969,594
M&T Bank .		13,491		1,697,168
MarketAxess Holdings .		2,745		873,926
Marsh & McLennan .		37,990		6,845,418
Mastercard, Cl A .		65,469		24,880,184
MetLife .		53,434		3,277,107
Moody's .		12,609		3,948,130
Morgan Stanley		100,674		9,057,640
MSCI, Cl A		6,394		3,084,785
Nasdaq .		27,986		1,549,585
Northern Trust .		17,044		1,332,159
PayPal Holdings *		86,716		6,590,416
PNC Financial Services Group		30,405		3,960,251
Principal Financial Group		17,790		1,328,735
Progressive		44,810		6,112,084
Prudential Financial .		29,814		2,593,818
Raymond James Financial .		16,233		1,469,573
Regions Financial .		73,799		1,347,570
S&P Global .		25,358		9,194,304
State Street .		28,757		2,077,981
Synchrony Financial		37,228		1,098,598
T Rowe Price Group		18,188		2,043,058

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

38

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Travelers .		17,432	$	3,157,632
Truist Financial		100,054		3,259,759
US Bancorp .		105,428		3,614,072
Visa, Cl A .		126,172		29,364,010
W R Berkley		16,153		951,735
Wells Fargo .		294,386		11,701,844
Willis Towers Watson		8,642		2,001,487
Zions Bancorp .		13,453		374,801
				355,037,600
Health Care — 14.7%
Abbott Laboratories .		134,948		14,907,706
AbbVie		137,171		20,729,282
Agilent Technologies		22,308		3,021,172
Align Technology *		5,727		1,862,993
AmerisourceBergen		13,354		2,228,115
Amgen .		41,163		9,868,418
Baxter International		40,952		1,952,591
Becton Dickinson		21,704		5,736,584
Biogen *		10,873		3,307,893
Bio-Rad Laboratories, Cl A *		1,574		709,543
Bio-Techne		12,640		1,009,683
Boston Scientific *		109,543		5,709,381
Bristol-Myers Squibb .		164,179		10,962,232
Cardinal Health		20,918		1,717,368
Catalent *		15,009		752,251
Centene *		41,332		2,849,015
Charles River Laboratories International *		4,151		789,188
Cigna Group		22,876		5,794,262
Cooper .		4,209		1,605,523
CVS Health .		98,604		7,228,659
Danaher		50,671		12,004,467
DaVita *		4,651		420,264
DENTSPLY SIRONA .		19,626		822,918
Dexcom *		29,277		3,552,471
Edwards Lifesciences *		46,943		4,130,045
Elevance Health		18,384		8,615,662
Eli Lilly		61,170		24,214,756
GE HealthCare Technologies .		27,051		2,200,328
Gilead Sciences		95,964		7,889,200

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

39

 

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
HCA Healthcare		16,170	$	4,646,126
Henry Schein *		10,496		848,182
Hologic *		20,282		1,744,455
Humana		9,502		5,040,716
IDEXX Laboratories *		6,240		3,071,078
Illumina *		12,544		2,578,545
Incyte *		14,039		1,044,642
Insulet *		5,598		1,780,388
Intuitive Surgical *		26,946		8,116,674
IQVIA Holdings *		15,016		2,826,462
Johnson & Johnson .		203,100		33,247,470
Laboratory Corp of America Holdings		7,312		1,657,704
McKesson .		10,393		3,785,546
Medtronic		102,413		9,314,462
Merck .		196,666		22,709,023
Mettler-Toledo International *		1,741		2,596,702
Moderna *		26,505		3,522,249
Molina Healthcare *		4,944		1,472,768
Organon .		20,123		495,630
PerkinElmer		10,297		1,343,656
Pfizer		434,839		16,910,889
Quest Diagnostics .		9,074		1,259,562
Regeneron Pharmaceuticals *		8,233		6,601,137
ResMed		11,901		2,867,665
STERIS		8,067		1,521,033
Stryker .		25,926		7,768,726
Teleflex		3,870		1,054,652
Thermo Fisher Scientific		30,395		16,866,186
UnitedHealth Group		72,593		35,722,289
Universal Health Services, Cl B .		5,386		809,785
Vertex Pharmaceuticals *		19,715		6,717,492
Viatris, Cl W		100,198		934,847
Waters *		4,905		1,473,266
West Pharmaceutical Services		6,063		2,190,198
Zimmer Biomet Holdings .		17,173		2,377,430
Zoetis, Cl A .		35,743		6,282,905
				389,792,510
Industrials — 8.7%
3M		41,909		4,451,574

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

40

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
A O Smith .		10,580	$	722,508
Alaska Air Group *		9,487		412,305
Allegion .		6,620		731,378
American Airlines Group *		55,575		758,043
AMETEK		18,761		2,587,705
Automatic Data Processing		31,800		6,996,000
Boeing *		43,321		8,957,916
Broadridge Financial Solutions .		9,358		1,360,747
Carrier Global		67,729		2,832,427
Caterpillar .		40,066		8,766,441
Ceridian HCM Holding *		12,462		791,088
CH Robinson Worldwide		9,144		922,355
Cintas		6,499		2,962,049
Copart *		34,740		2,746,197
CoStar Group *		32,746		2,519,805
CSX		160,504		4,917,842
Cummins		11,582		2,722,233
Deere .		20,790		7,859,036
Delta Air Lines *		50,735		1,740,718
Dover		11,673		1,706,126
Eaton		30,353		5,072,593
Emerson Electric		43,305		3,605,574
Equifax .		10,150		2,115,057
Expeditors International of Washington .		12,850		1,462,844
Fastenal		45,336		2,440,890
FedEx .		17,646		4,019,406
Fortive .		27,478		1,733,587
Generac Holdings *		4,840		494,745
General Dynamics		17,080		3,729,247
General Electric .		83,829		8,296,556
Honeywell International .		51,531		10,297,955
Howmet Aerospace .		29,322		1,298,671
Huntington Ingalls Industries		3,329		671,326
IDEX .		5,395		1,113,096
Illinois Tool Works		21,171		5,122,112
Ingersoll Rand .		33,464		1,908,117
Jacobs Solutions .		10,693		1,234,614
JB Hunt Transport Services		6,571		1,151,831
Johnson Controls International		51,733		3,095,703

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

41

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
L3Harris Technologies .		15,316	$	2,988,917
Leidos Holdings		11,205		1,044,978
Lockheed Martin		17,501		8,128,339
Masco .		20,192		1,080,474
Nordson .		4,559		986,157
Norfolk Southern .		17,264		3,505,110
Northrop Grumman		10,999		5,073,509
Old Dominion Freight Line		7,315		2,343,653
Otis Worldwide		32,992		2,814,218
PACCAR		42,262		3,156,549
Parker-Hannifin		9,686		3,146,788
Paychex		25,474		2,798,574
Paycom Software *		4,138		1,201,551
Pentair		13,399		778,214
Quanta Services .		11,650		1,976,306
Raytheon Technologies		113,112		11,299,889
Republic Services, Cl A		16,562		2,395,196
Robert Half International		9,352		682,696
Rockwell Automation		8,946		2,535,386
Rollins .		19,838		838,155
Snap-On .		4,504		1,168,383
Southwest Airlines .		46,325		1,403,184
Stanley Black & Decker .		13,135		1,134,076
Textron		17,167		1,149,159
Trane Technologies .		18,601		3,456,252
TransDigm Group *		3,920		2,998,800
Union Pacific		47,140		9,225,298
United Airlines Holdings *		26,304		1,152,115
United Parcel Service, Cl B .		56,347		10,131,754
United Rentals .		5,742		2,073,494
Verisk Analytics, Cl A .		12,756		2,476,067
Waste Management .		28,286		4,696,890
Westinghouse Air Brake Technologies		14,345		1,401,076
WW Grainger .		3,366		2,341,289
Xylem .		13,852		1,438,392
				231,349,305
Information Technology — 26.1%
Accenture, Cl A		48,672		13,642,275
Adobe *		35,377		13,356,940

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

42

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Advanced Micro Devices *		124,452	$	11,122,275
Akamai Technologies *		13,159		1,078,643
Amphenol, Cl A .		44,951		3,392,452
Analog Devices		38,930		7,002,728
ANSYS *		7,052		2,213,764
Apple .		1,158,456		196,566,814
Applied Materials .		64,766		7,320,501
Arista Networks *		18,608		2,980,257
Autodesk *		16,287		3,172,545
Broadcom		32,401		20,299,226
Cadence Design Systems *		20,869		4,371,012
CDW		10,968		1,860,063
Cisco Systems		317,904		15,020,964
Cognizant Technology Solutions, Cl A		40,380		2,411,090
Corning .		56,168		1,865,901
DXC Technology *		20,409		486,755
Enphase Energy *		10,138		1,664,660
EPAM Systems *		4,933		1,393,277
F5 *		5,036		676,637
Fair Isaac *		1,902		1,384,561
First Solar *		8,088		1,476,707
Fortinet *		51,732		3,261,703
Gartner *		5,809		1,756,990
Gen Digital		48,595		858,674
Hewlett Packard Enterprise		102,339		1,465,494
HP		71,550		2,125,751
Intel .		318,905		9,905,189
International Business Machines .		69,627		8,801,549
Intuit .		21,642		9,607,966
Juniper Networks .		27,341		824,331
Keysight Technologies *		14,785		2,138,502
KLA		10,522		4,067,174
Lam Research		10,329		5,413,222
Microchip Technology		44,113		3,219,808
Micron Technology .		83,306		5,361,574
Microsoft		579,736		178,129,683
Monolithic Power Systems .		3,279		1,514,800
Motorola Solutions		12,668		3,691,455
NetApp .		15,137		951,966

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

43

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
NVIDIA .		191,314	$	53,087,722
ON Semiconductor *		34,989		2,517,808
Oracle .		118,644		11,237,960
PTC *		8,513		1,070,850
Qorvo *		7,605		700,268
QUALCOMM .		85,979		10,042,347
Roper Technologies		8,374		3,808,328
Salesforce *		77,405		15,354,830
Seagate Technology Holdings .		14,575		856,573
ServiceNow *		15,578		7,156,845
Skyworks Solutions		13,037		1,380,618
SolarEdge Technologies *		4,541		1,297,046
Synopsys *		11,606		4,309,540
TE Connectivity		25,453		3,114,684
Teledyne Technologies *		3,952		1,637,709
Teradyne .		13,129		1,199,728
Texas Instruments .		70,033		11,709,518
Trimble *		19,802		932,674
Tyler Technologies *		3,509		1,330,016
VeriSign *		7,435		1,649,083
Western Digital *		26,284		905,221
Zebra Technologies, Cl A *		4,335		1,248,610
				694,403,856
Materials — 2.7%
Air Products & Chemicals .		16,958		4,991,757
Albemarle		9,118		1,691,024
Amcor		117,922		1,293,604
Avery Dennison .		6,608		1,152,964
Ball		26,475		1,407,941
Celanese, Cl A .		8,202		871,380
CF Industries Holdings		14,986		1,072,698
Corteva .		57,211		3,496,736
Dow		57,093		3,105,859
DuPont de Nemours .		34,161		2,381,705
Eastman Chemical .		9,351		788,009
Ecolab		18,672		3,133,908
FMC .		10,553		1,304,140
Freeport-McMoRan .		108,713		4,121,310
International Flavors & Fragrances		21,103		2,046,147

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

44

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
International Paper .		27,602	$	913,902
Linde		38,101		14,076,414
LyondellBasell Industries, Cl A		19,845		1,877,535
Martin Marietta Materials		5,179		1,881,013
Mosaic .		26,742		1,145,895
Newmont		63,179		2,994,685
Nucor		20,389		3,021,242
Packaging Corp of America .		7,741		1,047,048
PPG Industries		17,580		2,465,771
Sealed Air		13,250		635,868
Sherwin-Williams .		17,931		4,259,330
Steel Dynamics		13,574		1,411,017
Vulcan Materials		11,061		1,937,002
Westrock .		22,626		677,196
				71,203,100
Real Estate — 2.6%
Alexandria Real Estate Equities ‡		12,575		1,561,564
American Tower ‡		35,786		7,314,301
AvalonBay Communities ‡		11,473		2,069,385
Boston Properties ‡		12,979		692,559
Camden Property Trust ‡		8,429		927,611
CBRE Group, Cl A *		25,426		1,949,157
Crown Castle ‡		32,895		4,049,046
Digital Realty Trust ‡		23,136		2,293,934
Equinix ‡		7,059		5,111,281
Equity Residential ‡		26,420		1,671,065
Essex Property Trust ‡		5,276		1,159,295
Extra Space Storage ‡		10,978		1,669,095
Federal Realty Investment Trust ‡		6,220		615,096
Healthpeak Properties ‡		45,806		1,006,358
Host Hotels & Resorts ‡		61,827		999,743
Invitation Homes ‡		47,524		1,585,876
Iron Mountain ‡		20,673		1,141,977
Kimco Realty ‡		51,086		980,340
Mid-America Apartment Communities ‡		9,166		1,409,731
ProLogis ‡		71,089		8,903,897
Public Storage ‡		11,957		3,525,282
Realty Income ‡		47,158		2,963,409
Regency Centers ‡		13,345		819,783

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

45

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
SBA Communications, Cl A ‡		8,552	$	2,231,131
Simon Property Group ‡		24,528		2,779,513
UDR ‡		25,057		1,035,606
Ventas ‡		31,552		1,516,074
VICI Properties, Cl A ‡		81,476		2,765,295
Welltower ‡		38,521		3,051,634
Weyerhaeuser ‡		58,252		1,742,317
				69,541,355
Utilities — 3.0%
AES .		52,213		1,235,359
Alliant Energy .		19,769		1,090,063
Ameren .		21,370		1,901,289
American Electric Power		38,911		3,596,155
American Water Works		15,521		2,300,988
Atmos Energy		11,756		1,341,830
CenterPoint Energy .		52,841		1,610,065
CMS Energy		20,953		1,304,534
Consolidated Edison		28,693		2,825,400
Constellation Energy .		25,818		1,998,313
Dominion Energy		63,094		3,605,191
DTE Energy .		15,580		1,751,348
Duke Energy		58,922		5,826,207
Edison International .		30,581		2,250,761
Entergy		16,738		1,800,674
Evergy		19,715		1,224,499
Eversource Energy .		28,198		2,188,447
Exelon		74,989		3,182,533
FirstEnergy		43,234		1,720,713
NextEra Energy .		153,540		11,765,770
NiSource .		33,454		952,101
NRG Energy		19,689		672,773
PG&E *		131,862		2,256,159
Pinnacle West Capital		9,602		753,373
PPL		57,914		1,663,290
Public Service Enterprise Group .		37,233		2,353,126
Sempra Energy .		23,831		3,705,482
Southern		83,405		6,134,438
WEC Energy Group .		25,136		2,417,329

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

46

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Utilities — continued
Xcel Energy		43,758	$	3,059,122
				78,487,332
TOTAL UNITED STATES				2,709,290,345
TOTAL COMMON STOCK
(Cost $2,622,785,576)				2,712,493,754
TOTAL INVESTMENTS — 102.1%
(Cost $2,622,785,576)			$	2,712,493,754
WRITTEN OPTIONS— (2.2)%
(Premiums Received  $(49,593,884))			$	(58,675,100	)

Percentages are based on Net Assets of $2,657,440,794.

A list of the exchange traded option contracts held by the Fund at April 30, 2023, is as follows:

	Number of	Notional	Exercise	Expiration
Description	Contracts	Amount	Price	Date	Value
WRITTEN OPTIONS — (2.2)%
Call Options
S&P 500 Index	(6,505)	$(2,680,060,000)	$4,120.00	05/19/23	$ (58,675,100)

*	Non-income producing security.
‡	Real Estate Investment Trust
(A)	All or a portion of these securities has been segregated as collateral for options
	contracts. The aggregate market value of collateral at April 30, 2023 was
	$2,712,493,754.

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

47

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call ETF

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments and other financial instruments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	2,712,493,754	$	—	$	—	$	2,712,493,754
Total Investments in Securities	$	2,712,493,754	$	—	$	—	$	2,712,493,754

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(58,675,100	)	$	—	$	—	$	(58,675,100	)
Total Other Financial Instruments	$	(58,675,100	)	$	—	$	—	$	(58,675,100	)

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

See "Glossary" for abbreviations.

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

48

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Covered Call ETF

	Shares		Value
COMMON STOCK — 103.2%(A)
BRAZIL — 0.5%
Consumer Discretionary — 0.5%
MercadoLibre *		28,813	$	36,808,319
CHINA — 0.8%
Consumer Discretionary — 0.5%
JD.com ADR .		261,504		9,340,923
PDD Holdings ADR *		339,353		23,126,907
				32,467,830
Information Technology — 0.3%
NXP Semiconductors .		147,984		24,230,900
TOTAL CHINA				56,698,730
NETHERLANDS — 0.4%
Information Technology — 0.4%
ASML Holding, Cl G .		50,069		31,886,943

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

49

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
UNITED KINGDOM — 0.4%
Health Care — 0.4%
AstraZeneca ADR .		343,814	$	25,174,061
UNITED STATES — 101.1%
Communication Services — 17.5%
Activision Blizzard *		447,898		34,806,154
Alphabet, Cl A *		2,672,981		286,917,780
Alphabet, Cl C *		2,627,803		284,380,841
Charter Communications, Cl A *		87,072		32,103,446
Comcast, Cl A		2,404,249		99,463,781
Electronic Arts		156,404		19,907,101
Meta Platforms, Cl A *		1,272,728		305,861,993
Netflix *		254,502		83,967,845
Sirius XM Holdings .		2,206,637		8,385,221
T-Mobile US *		697,172		100,323,051
Warner Bros Discovery *		1,384,654		18,845,141
				1,274,962,354
Consumer Discretionary — 13.8%
Airbnb, Cl A *		233,453		27,937,321
Amazon.com *		4,517,465		476,366,684
Booking Holdings *		21,696		58,282,182
eBay		307,154		14,261,160
Lucid Group *		1,065,692		8,461,595
Lululemon Athletica *		69,951		26,576,483
Marriott International, Cl A		175,760		29,763,198
O'Reilly Automotive *		35,351		32,427,826
Rivian Automotive, Cl A *		498,113		6,385,809
Ross Stores		196,427		20,964,654
Starbucks		656,891		75,076,072
Tesla *		1,394,636		229,152,641
				1,005,655,625
Consumer Staples — 6.3%
Costco Wholesale		253,664		127,648,798
Dollar Tree *		126,039		19,373,455
Keurig Dr Pepper		802,408		26,238,742
Kraft Heinz		699,000		27,449,730
Mondelez International, Cl A .		778,607		59,734,729

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

50

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Monster Beverage *		595,454	$	33,345,424
PepsiCo		787,523		150,330,265
Walgreens Boots Alliance		491,413		17,322,308
				461,443,451
Energy — 0.4%
Baker Hughes, Cl A		576,067		16,844,199
Diamondback Energy		104,310		14,832,882
				31,677,081
Financials — 1.3%
Fiserv *		358,854		43,823,250
PayPal Holdings *		646,034		49,098,584
				92,921,834
Health Care — 6.2%
Align Technology *		43,601		14,183,405
Amgen .		305,044		73,131,249
Biogen *		82,414		25,072,811
Dexcom *		220,354		26,737,754
Gilead Sciences		712,540		58,577,914
IDEXX Laboratories *		47,226		23,242,748
Illumina *		90,003		18,501,017
Intuitive Surgical *		200,277		60,327,438
Moderna *		220,382		29,286,564
Regeneron Pharmaceuticals *		61,227		49,091,196
Seagen *		106,667		21,333,400
Vertex Pharmaceuticals *		146,651		49,968,395
				449,453,891
Industrials — 4.5%
Automatic Data Processing		236,818		52,099,960
Cintas		57,824		26,354,444
Copart *		271,504		21,462,391
CoStar Group *		231,823		17,838,780
CSX		1,177,545		36,079,979
Fastenal		325,364		17,517,598
Honeywell International .		381,784		76,295,715
Old Dominion Freight Line		62,537		20,036,229
PACCAR		297,848		22,246,267

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

51

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Paychex		205,565	$	22,583,371
Verisk Analytics, Cl A .		88,079		17,097,015
				329,611,749
Information Technology — 49.9%
Adobe *		261,590		98,765,920
Advanced Micro Devices *		920,955		82,305,748
Analog Devices		289,013		51,987,658
ANSYS *		49,520		15,545,318
Apple .		5,610,479		951,986,077
Applied Materials .		482,593		54,547,487
Atlassian, Cl A *		85,391		12,608,835
Autodesk *		123,074		23,973,585
Broadcom		238,499		149,419,624
Cadence Design Systems *		155,897		32,652,627
Cisco Systems		2,341,444		110,633,229
Cognizant Technology Solutions, Cl A		290,133		17,323,841
Crowdstrike Holdings, Cl A *		124,323		14,924,976
Datadog, Cl A *		167,137		11,261,691
Enphase Energy *		77,812		12,776,730
Fortinet *		447,544		28,217,649
GLOBALFOUNDRIES *		310,463		18,255,224
Intel .		2,363,938		73,423,914
Intuit .		160,387		71,203,809
KLA		79,063		30,561,012
Lam Research		77,110		40,411,809
Marvell Technology .		486,336		19,200,545
Microchip Technology		312,231		22,789,741
Micron Technology .		623,050		40,099,498
Microsoft		3,268,400		1,004,248,584
NVIDIA .		1,412,769		392,029,270
Palo Alto Networks *		172,676		31,506,463
QUALCOMM .		637,117		74,415,266
Synopsys *		86,900		32,267,708
Texas Instruments .		517,829		86,581,009
Workday, Cl A *		116,399		21,666,510
Zoom Video Communications, Cl A *		138,344		8,498,472
Zscaler *		81,566		7,349,097
				3,643,438,926

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

52

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Utilities — 1.2%
American Electric Power		293,478	$	27,123,237
Constellation Energy .		186,003		14,396,632
Exelon		566,772		24,053,804
Xcel Energy		313,310		21,903,502
				87,477,175
TOTAL UNITED STATES				7,376,642,086
TOTAL COMMON STOCK
(Cost $6,670,624,647)				7,527,210,139
TOTAL INVESTMENTS — 103.2%
(Cost $6,670,624,647)			$	7,527,210,139
WRITTEN OPTIONS— (3.3)%
(Premiums Received  $(177,582,812))			$	(241,541,820	)
Percentages are based on Net Assets of $7,294,886,912.

A list of the exchange traded option contracts held by the Fund at April 30, 2023, is as follows:

	Number of	Notional	Exercise	Expiration
Description	Contracts	Amount	Price	Date	Value
WRITTEN OPTIONS — (3.3)%
Call Options
Nasdaq-100	(5,682)	($7,372,395,000)	$12,975.00	05/19/23	$ (241,541,820)

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options
	contracts. The aggregate market value of collateral at April 30, 2023 was
	$7,527,210,139.

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

53

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Covered Call ETF

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments and other financial instruments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	7,527,210,139	$	—	$	—	$	7,527,210,139
Total Investments in Securities	$	7,527,210,139	$	—	$	—	$	7,527,210,139

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(241,541,820	)	$	—	$	—	$	(241,541,820	)
Total Other Financial Instruments	$	(241,541,820	)	$	—	$	—	$	(241,541,820	)

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

See "Glossary" for abbreviations.

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

54

Schedule of Investments	April 30, 2023 (Unaudited)
Global X MSCI SuperDividend® Emerging Markets ETF

	Shares		Value
COMMON STOCK — 94.8%
BRAZIL — 7.1%
Financials — 1.8%
Banco do Brasil .		88,800	$	760,760
Materials — 3.7%
Cia Siderurgica Nacional		259,551		737,224
Vale		61,435		889,072
				1,626,296
Utilities — 1.6%
CPFL Energia .		105,208		696,921
TOTAL BRAZIL				3,083,977
CHILE — 4.2%
Industrials — 1.8%
Cia Sud Americana de Vapores .		7,796,265		801,663
Materials — 2.4%
Empresas CMPC		654,871		1,032,643
TOTAL CHILE				1,834,306

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

55

Schedule of Investments	April 30, 2023 (Unaudited)
Global X MSCI SuperDividend® Emerging Markets ETF

	Shares		Value
COMMON STOCK — continued
CHINA — 35.4%
Energy — 9.8%
China Petroleum & Chemical, Cl H		1,987,600	$	1,298,919
China Shenhua Energy, Cl H		314,764		1,042,544
Jizhong Energy Resources, Cl A		699,200		747,348
Yankuang Energy Group, Cl H		346,900		1,186,546
				4,275,357
Financials — 9.5%
Bank of China, Cl H		2,586,500		1,031,318
Bank of Communications, Cl H .		1,499,380		966,492
China CITIC Bank Corp Ltd., Cl H .		1,732,900		935,999
New China Life Insurance C, Cl H		423,500		1,208,474
				4,142,283
Industrials — 1.7%
COSCO SHIPPING Holdings, Cl A .		465,000		746,203
Information Technology — 1.8%
Kingboard Holdings		257,100		784,411
Materials — 6.6%
China Hongqiao Group		744,900		729,727
China National Building Material, Cl H		1,124,400		839,372
Luxi Chemical Group, Cl A .		358,636		621,102
Shanxi Taigang Stainless Steel, Cl A .		1,219,900		704,813
				2,895,014
Real Estate — 4.0%
Longfor Group Holdings .		339,300		922,821
Shanghai Lujiazui Finance & Trade Zone
Development, Cl B .		1,065,300		806,432
				1,729,253
Utilities — 2.0%
Guangdong Investment		925,200		883,960
TOTAL CHINA				15,456,481

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

56

Schedule of Investments	April 30, 2023 (Unaudited)
Global X MSCI SuperDividend® Emerging Markets ETF

	Shares		Value
COMMON STOCK — continued
CZECH REPUBLIC — 1.6%
Financials — 1.6%
Komercni Banka .		21,731	$	703,484
EGYPT — 2.1%
Consumer Staples — 2.1%
Eastern SAE .		1,651,792		930,135
INDIA — 4.8%
Energy — 2.8%
Coal India		427,108		1,216,562
Materials — 2.0%
Vedanta .		254,848		869,930
TOTAL INDIA				2,086,492
INDONESIA — 1.8%
Energy — 1.8%
Adaro Energy .		3,730,100		795,856
MEXICO — 2.1%
Financials — 2.1%
Banco del Bajio .		276,540		906,777
RUSSIA — 0.0%
Materials — 0.0%
Alrosa PJSC *(A)		1,194,381		—
PhosAgro PJSC GDR *(A)		42		—
Severstal PJSC *(A)		71,665		—
TOTAL RUSSIA				—
SOUTH AFRICA — 8.8%
Energy — 1.9%
Exxaro Resources .		79,124		830,112
Materials — 6.9%
African Rainbow Minerals		65,662		824,916
Anglo American Platinum .		11,482		680,257

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

57

Schedule of Investments	April 30, 2023 (Unaudited)
Global X MSCI SuperDividend® Emerging Markets ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
Kumba Iron Ore		31,999	$	776,569
Sibanye Stillwater .		333,366		736,063
				3,017,805
TOTAL SOUTH AFRICA				3,847,917
SOUTH KOREA — 3.8%
Financials — 3.8%
Korea Investment Holdings .		18,866		776,686
NH Investment & Securities .		125,612		877,520
TOTAL SOUTH KOREA				1,654,206
TAIWAN — 19.6%
Industrials — 2.9%
Evergreen Marine Taiwan		89,120		468,175
Wan Hai Lines .		378,600		800,488
				1,268,663
Information Technology — 11.0%
Asustek Computer		82,500		758,112
Compal Electronics		1,292,600		1,007,002
Lite-On Technology ADR		471,610		1,127,538
MediaTek .		37,400		809,010
Novatek Microelectronics		81,200		1,105,382
				4,807,044
Materials — 5.7%
Asia Cement		679,100		970,853
China Steel .		745,400		705,575
Nan Ya Plastics .		308,800		783,489
				2,459,917
TOTAL TAIWAN				8,535,624
TURKEY — 1.9%
Materials — 1.9%
Eregli Demir ve Celik Fabrikalari *		491,717		837,890

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

58

Schedule of Investments	April 30, 2023 (Unaudited)
Global X MSCI SuperDividend® Emerging Markets ETF

	Shares		Value
COMMON STOCK — continued
UNITED STATES — 1.6%
Consumer Staples — 1.6%
JBS .		201,748	$	721,846
TOTAL COMMON STOCK
(Cost $45,321,335)				41,394,991
PREFERRED STOCK — 4.7%
BRAZIL— 4.7%
Materials — 2.2%
Gerdau (B)		190,711		959,872
Utilities — 2.5%
Cia Energetica de Minas Gerais (B)		441,550		1,090,007
TOTAL BRAZIL				2,049,879
RUSSIA— 0.0%
Energy — 0.0%
Surgutneftegas PJSC (A),(B)		3,166,303		—
TOTAL RUSSIA				0
TOTAL PREFERRED STOCK
(Cost $3,411,680)				2,049,879
TOTAL INVESTMENTS — 99.5%
(Cost $48,733,015)			$	43,444,870

Percentages are based on Net Assets of $43,642,630.
*	Non-income producing security.
(A)	Level 3 security in accordance with fair value hierarchy.
(B)	There is currently no stated interest rate.

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

59

Schedule of Investments	April 30, 2023 (Unaudited)
Global X MSCI SuperDividend® Emerging Markets ETF

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments and other financial instruments carried at value:

Investments in Securities	Level 1		Level 2		Level 3(1)			Total
Common Stock	$	40,464,856	$	930,135	$ —		^	$	41,394,991
Preferred Stock		2,049,879		—	—		^		2,049,879
Total Investments in Securities	$	42,514,735	$	930,135	$	—		$	43,444,870

(1) A reconciliation of Level 3 investments and disclosures of significant unobservable inputs are presented when the Fund has a significant amount of Level 3 investments at the end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets.

^ Includes Securities in which the fair value is $0 or has been rounded to $0.

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

See "Glossary" for abbreviations.

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

60

Schedule of Investments	April 30, 2023 (Unaudited)
Global X SuperDividend® REIT ETF

	Shares		Value
COMMON STOCK — 99.7%
AUSTRALIA — 7.2%
Real Estate — 7.2%
Dexus ‡		1,718,936	$	8,837,775
Stockland ‡		3,565,719		10,486,023
TOTAL AUSTRALIA				19,323,798
BELGIUM — 3.8%
Real Estate — 3.8%
Cofinimmo ‡ *		106,252		10,164,204
CANADA — 3.1%
Real Estate — 3.1%
NorthWest Healthcare Properties Real Estate
Investment Trust ‡		1,361,969		8,184,065
FRANCE — 3.6%
Real Estate — 3.6%
Klepierre ‡		386,077		9,786,187
MEXICO — 3.8%
Real Estate — 3.8%
Fibra Uno Administracion ‡		7,403,700		10,195,017
SINGAPORE — 17.9%
Real Estate — 17.9%
Frasers Logistics & Commercial Trust ‡		9,910,446		10,028,184
Keppel ‡		13,897,010		9,062,248
Mapletree Industrial Trust ‡		5,524,994		9,856,078
Mapletree Pan Asia Commercial Trust ‡		7,297,633		9,626,979

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

61

Schedule of Investments	April 30, 2023 (Unaudited)
Global X SuperDividend® REIT ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Suntec Real Estate Investment Trust ‡		9,325,678	$	9,436,469
TOTAL SINGAPORE				48,009,958
SOUTH AFRICA — 3.2%
Real Estate — 3.2%
Growthpoint Properties ‡		12,397,035		8,631,394
UNITED KINGDOM — 3.6%
Real Estate — 3.6%
Land Securities Group ‡		1,149,622		9,741,898
UNITED STATES — 53.5%
Financials — 14.2%
Arbor Realty Trust ‡		651,437		7,471,982
Blackstone Mortgage Trust, Cl A ‡		409,600		7,471,104
KKR Real Estate Finance Trust ‡		621,486		6,674,760
Ladder Capital, Cl A ‡		884,174		8,267,027
Starwood Property Trust ‡		466,558		8,346,723
				38,231,596
Real Estate — 39.3%
Broadstone Net Lease, Cl A ‡		555,234		8,978,134
CareTrust REIT ‡		490,051		9,551,094
Easterly Government Properties, Cl A ‡		613,407		8,630,637
EPR Properties ‡		228,372		9,582,489
Global Net Lease ‡		678,836		7,643,693
Highwoods Properties ‡		330,267		7,569,720
LTC Properties ‡		266,858		8,926,400
National Health Investors ‡		172,651		8,592,840
National Storage Affiliates Trust ‡		228,106		8,793,486
Omega Healthcare Investors ‡		353,174		9,450,936
Physicians Realty Trust ‡		633,429		9,134,046

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

62

Schedule of Investments	April 30, 2023 (Unaudited)
Global X SuperDividend® REIT ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Spirit Realty Capital ‡		224,882	$	8,648,962
				105,502,437
TOTAL UNITED STATES				143,734,033
TOTAL COMMON STOCK
(Cost $312,011,606)				267,770,554
TOTAL INVESTMENTS — 99.7%
(Cost $312,011,606)			$	267,770,554

Percentages are based on Net Assets of $268,687,647.
*	Non-income producing security.
‡	Real Estate Investment Trust

As of April 30, 2023, all of the Fund's investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

See "Glossary" for abbreviations.

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

63

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Renewable Energy Producers ETF

	Shares		Value
COMMON STOCK — 94.6%
AUSTRIA — 7.1%
Utilities — 7.1%
Verbund		54,372	$	4,856,143
BRAZIL — 11.4%
Utilities — 11.4%
AES Brasil Energia .		262,796		561,013
Centrais Eletricas Brasileiras .		577,155		3,905,113
Engie Brasil Energia		349,284		2,878,555
Omega Energia *		273,562		505,255
TOTAL BRAZIL				7,849,936
CANADA — 8.5%
Utilities — 8.5%
Boralex, Cl A		44,048		1,282,825
Innergex Renewable Energy .		87,495		896,690
Northland Power		105,351		2,583,480
TransAlta Renewables		114,401		1,067,001
TOTAL CANADA				5,829,996
CHINA — 4.1%
Utilities — 4.1%
China Datang Renewable Power, Cl H .		1,065,700		412,709
China Longyuan Power Group, Cl H		1,439,500		1,503,701
Xinyi Energy Holdings		3,260,100		909,517
TOTAL CHINA				2,825,927

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

64

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Renewable Energy Producers ETF

	Shares		Value
COMMON STOCK — continued
DENMARK — 6.7%
Utilities — 6.7%
Orsted .		51,210	$	4,601,186
FRANCE — 2.8%
Utilities — 2.8%
Neoen .		64,835		1,946,911
GERMANY — 3.2%
Energy — 1.5%
VERBIO Vereinigte BioEnergie		27,229		1,014,249
Utilities — 1.7%
Encavis *		69,001		1,194,072
TOTAL GERMANY				2,208,321
GREECE — 1.6%
Utilities — 1.6%
Terna Energy .		49,595		1,099,434
INDIA — 0.9%
Utilities — 0.9%
ReNew Energy Global, Cl A * (A)		120,733		618,153
ISRAEL — 2.0%
Utilities — 2.0%
Energix-Renewable Energies .		233,157		686,690
Enlight Renewable Energy *		43,293		709,322
TOTAL ISRAEL				1,396,012
ITALY — 2.8%
Utilities — 2.8%
ERG		64,437		1,949,187
JAPAN — 1.4%
Utilities — 1.4%
RENOVA *		33,460		471,313

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

65

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Renewable Energy Producers ETF

	Shares		Value
COMMON STOCK — continued
Utilities — continued
West Holdings .		20,711	$	491,290
TOTAL JAPAN				962,603
NEW ZEALAND — 11.1%
Utilities — 11.1%
Contact Energy .		335,273		1,621,447
Mercury NZ		593,512		2,324,134
Meridian Energy .		1,104,466		3,724,667
TOTAL NEW ZEALAND				7,670,248
PORTUGAL — 0.6%
Utilities — 0.6%
Greenvolt-Energias Renovaveis * (A)		59,445		404,591
RUSSIA — 0.0%
Utilities — 0.0%
RusHydro PJSC (B)		271,804,543		—
SOUTH AFRICA — 0.6%
Utilities — 0.6%
Scatec .		67,660		439,840
SPAIN — 9.7%
Utilities — 9.7%
Atlantica Sustainable Infrastructure		48,874		1,301,026
EDP Renovaveis *		204,195		4,544,680
Solaria Energia y Medio Ambiente *		53,565		846,230
TOTAL SPAIN				6,691,936
THAILAND — 6.1%
Utilities — 6.1%
Absolute Clean Energy NVDR * (A)		4,319,556		252,994
BCPG NVDR .		1,231,640		351,665
Energy Absolute NVDR .		1,603,265		3,180,942
Gunkul Engineering NVDR (A)		3,785,440		419,034
TOTAL THAILAND				4,204,635

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

66

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Renewable Energy Producers ETF

	Shares		Value
COMMON STOCK — continued
TURKEY — 0.8%
Utilities — 0.8%
Aydem Yenilenebilir Enerji *		299,310	$	201,456
Ayen Enerji		129,032		155,250
Galata Wind Enerji		226,167		182,113
TOTAL TURKEY				538,819
UNITED KINGDOM — 2.0%
Utilities — 2.0%
Drax Group .		171,534		1,357,421
UNITED STATES — 11.2%
Energy — 1.0%
Enviva		28,692		616,878
Gevo *		104,657		121,402
				738,280
Industrials — 2.8%
Sunrun *		91,317		1,921,310
Utilities — 7.4%
NextEra Energy Partners .		37,110		2,134,196
Ormat Technologies .		24,124		2,070,080
Sunnova Energy International * (A)		49,135		882,465
				5,086,741
TOTAL UNITED STATES				7,746,331
TOTAL COMMON STOCK
(Cost $95,596,520)				65,197,630
MASTER LIMITED PARTNERSHIP — 5.3%
CANADA— 5.3%
Utilities — 5.3%
Brookfield Renewable Partners, Cl A		118,186		3,643,262
TOTAL MASTER LIMITED PARTNERSHIP
(Cost $2,671,488) .				3,643,262

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

67

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Renewable Energy Producers ETF

		Number of
		Rights		Value
RIGHT — 0.0%
Hong Kong — 0.0%
Xinyi Energy Holdings LTD RTS 05/26/2023			325,250	$	—
TOTAL RIGHT (Cost $–) .					—
		Shares
SHORT-TERM INVESTMENT(C)(D) — 0.2%
Fidelity Investments Money Market
Government Portfolio, Cl Institutional,
4.770%
(Cost $136,617)			136,617		136,617
	Face Amount
REPURCHASE AGREEMENT(C) — 2.2%
BNP Paribas
4.700%, dated 04/28/2023, to be repurchased
on 05/01/2023, repurchase price $1,527,110
(collateralized by U.S. Treasury Obligations,
ranging in par value $82,009 - $123,253,
1.125% - 2.250%, 01/15/2025 - 08/15/2027,
with a total market value of $1,553,953)
(Cost $1,526,513)		$	1,526,513		1,526,513
TOTAL INVESTMENTS — 102.3%
(Cost $99,931,138)				$	70,504,022

Percentages are based on Net Assets of $68,935,365.
*	Non-income producing security.
(A)	This security or a partial position of this security is on loan at April 30, 2023.
(B)	Level 3 security in accordance with fair value hierarchy.
(C)	Security was purchased with cash collateral held from securities on loan.
(D)	The rate reported on the Schedule of Investments is the 7-day effective yield as of
	April 30, 2023.

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

68

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Renewable Energy Producers ETF

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3(1)			Total
Common Stock	$	63,801,618	$	1,396,012	$ —		^	$	65,197,630
Master Limited Partnership		3,643,262		—		—			3,643,262
Short-Term Investment		136,617		—		—			136,617
Repurchase Agreement		—		1,526,513		—			1,526,513
Total Investments in Securities	$	67,581,497	$	2,922,525	$	—		$	70,504,022

(1) A reconciliation of Level 3 investments and disclosures of significant unobservable inputs are presented when the Fund has a significant amount of Level 3 investments at the end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets.
^	Includes Securities in which the fair value is $0 or has been rounded to $0.
Amounts designated as “—“ are $0 or have been rounded to $0.
See "Glossary" for abbreviations.

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

69

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Catholic Values ETF

	Shares		Value
COMMON STOCK — 99.8%
CHINA — 0.1%
Information Technology — 0.1%
NXP Semiconductors .		4,891	$	800,852
UNITED STATES — 99.7%
Communication Services — 8.3%
Activision Blizzard *		12,388		962,671
Alphabet, Cl A *		109,492		11,752,871
Alphabet, Cl C *		96,094		10,399,293
AT&T		129,456		2,287,488
Charter Communications, Cl A *		1,941		715,647
Comcast, Cl A		79,518		3,289,660
DISH Network, Cl A *		4,959		37,242
Electronic Arts		5,149		655,365
Fox, Cl A		4,662		155,058
Fox, Cl B		3,016		92,109
Interpublic Group		7,774		277,765
Match Group *		4,835		178,411
Meta Platforms, Cl A *		40,914		9,832,452
Netflix *		8,013		2,643,729
News, Cl A .		7,671		135,086

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

70

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
News, Cl B .		2,411	$	42,795
Omnicom Group .		3,798		343,985
Paramount Global, Cl B		10,767		251,194
Take-Two Interactive Software *		3,077		382,440
T-Mobile US *		10,855		1,562,034
Verizon Communications		75,683		2,938,771
Walt Disney *		33,167		3,399,618
Warner Bros Discovery *		40,391		549,722
				52,885,406
Consumer Discretionary — 10.0%
Advance Auto Parts		993		124,651
Amazon.com *		165,166		17,416,755
Aptiv *		5,254		540,426
AutoZone *		338		900,199
Bath & Body Works .		4,713		165,426
Best Buy		3,644		271,551
Booking Holdings *		700		1,880,417
BorgWarner .		4,308		207,344
CarMax *		2,889		202,317
Carnival *		14,907		137,294
Chipotle Mexican Grill, Cl A *		499		1,031,742
Darden Restaurants .		2,505		380,585
Domino's Pizza .		664		210,800
DR Horton		6,039		663,203
eBay		9,026		419,077
Etsy *		2,437		246,210
Expedia Group *		2,623		246,457
Ford Motor .		72,798		864,840
Garmin		2,732		268,200
General Motors		27,057		893,963
Genuine Parts .		2,865		482,208
Hasbro .		2,446		144,852
Hilton Worldwide Holdings .		5,119		737,238
Home Depot .		18,790		5,647,147
Las Vegas Sands *		6,621		422,751
Lennar, Cl A .		5,035		567,998
LKQ		4,880		281,722
Lowe's		11,393		2,367,807
Marriott International, Cl A		5,047		854,659

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

71

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
McDonald's .		13,414	$	3,967,191
Mohawk Industries *		1,035		109,607
NIKE, Cl B		22,858		2,896,566
Norwegian Cruise Line Holdings *		6,607		88,203
NVR *		50		292,000
O'Reilly Automotive *		1,128		1,034,726
Pool .		870		305,648
PulteGroup .		5,295		355,559
Ralph Lauren, Cl A .		1,140		130,861
Ross Stores		6,540		698,014
Starbucks		21,075		2,408,662
Tapestry .		5,543		226,210
Tesla *		49,821		8,186,089
TJX		21,318		1,680,285
Tractor Supply .		2,166		516,374
Ulta Beauty *		926		510,624
VF .		5,496		129,211
Whirlpool		1,260		175,883
Wynn Resorts .		2,127		243,074
Yum! Brands		5,377		755,899
				63,288,525
Consumer Staples — 7.2%
Altria Group .		47,523		2,257,818
Archer-Daniels-Midland		15,050		1,175,104
Brown-Forman, Cl B		4,290		279,236
Campbell Soup .		4,573		248,314
Clorox		3,048		504,810
Coca-Cola .		106,093		6,805,866
Colgate-Palmolive		21,880		1,746,024
Conagra Brands .		12,826		486,875
Constellation Brands, Cl A		4,121		945,646
Costco Wholesale		12,093		6,085,439
Dollar General .		4,130		914,630
Dollar Tree *		4,139		636,206
Estee Lauder, Cl A .		6,026		1,486,735
General Mills		15,525		1,375,981
Hormel Foods		8,562		346,247
J M Smucker .		2,823		435,899
Kellogg .		6,840		477,227

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

72

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Keurig Dr Pepper		21,729	$	710,538
Kimberly-Clark		8,719		1,263,296
Kraft Heinz		20,311		797,613
Kroger		16,939		823,743
Lamb Weston Holdings .		4,415		493,641
McCormick .		6,162		541,332
Molson Coors Beverage, Cl B		5,710		339,631
Monster Beverage *		20,608		1,154,048
Procter & Gamble .		64,310		10,056,798
Sysco .		13,221		1,014,579
Target		8,461		1,334,723
Tyson Foods, Cl A		7,243		452,615
Walgreens Boots Alliance		18,081		637,355
				45,827,969
Energy — 4.7%
APA .		5,849		215,536
Baker Hughes, Cl A		18,358		536,788
Chevron .		32,298		5,444,797
ConocoPhillips .		22,135		2,277,470
Coterra Energy		15,663		400,973
Devon Energy		11,379		607,980
Diamondback Energy		3,108		441,957
EOG Resources		10,797		1,289,917
EQT .		5,070		176,639
Exxon Mobil		75,298		8,910,765
Halliburton .		17,251		564,970
Hess		5,176		750,830
Kinder Morgan .		35,651		611,415
Marathon Oil .		10,879		262,837
Marathon Petroleum		8,515		1,038,830
Occidental Petroleum .		12,988		799,152
ONEOK .		8,124		531,391
Phillips 66 .		8,732		864,468
Pioneer Natural Resources		4,138		900,222
Schlumberger		26,296		1,297,708
Targa Resources		3,250		245,472
Valero Energy .		7,014		804,295

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

73

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Williams		22,218	$	672,317
				29,646,729
Financials — 13.1%
Aflac		10,263		716,871
Allstate		4,820		557,963
American Express .		11,159		1,800,393
American International Group		13,121		695,938
Ameriprise Financial		1,949		594,679
Aon, Cl A .		3,683		1,197,638
Arch Capital Group *		5,713		428,875
Arthur J Gallagher		3,753		780,849
Assurant .		1,180		145,293
Bank of America		126,803		3,712,792
Bank of New York Mellon		14,430		614,574
Berkshire Hathaway, Cl B *		32,949		10,825,394
BlackRock, Cl A .		2,663		1,787,406
Brown & Brown .		3,593		231,353
Capital One Financial		7,477		727,512
Cboe Global Markets .		2,293		320,332
Charles Schwab .		27,632		1,443,496
Chubb .		7,397		1,490,939
Cincinnati Financial .		2,888		307,399
Citigroup		35,535		1,672,633
Citizens Financial Group .		7,945		245,818
CME Group, Cl A .		6,532		1,213,450
Comerica		2,355		102,136
Discover Financial Services		5,373		555,944
Everest Re Group		728		275,184
FactSet Research Systems .		628		258,541
Fidelity National Information Services .		11,352		666,589
Fifth Third Bancorp		11,481		300,802
First Republic Bank .		3,380		11,864
Fiserv *		11,233		1,371,774
FleetCor Technologies *		1,584		338,849
Franklin Resources		5,735		154,157
Global Payments		5,312		598,716
Globe Life .		1,889		204,994
Goldman Sachs Group		6,225		2,137,914
Hartford Financial Services Group .		6,265		444,752

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

74

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Huntington Bancshares		26,599	$	297,909
Intercontinental Exchange .		10,278		1,119,583
Invesco		6,143		105,230
Jack Henry & Associates .		1,299		212,179
JPMorgan Chase .		53,239		7,359,759
KeyCorp		17,213		193,818
Lincoln National .		3,062		66,537
Loews .		3,585		206,389
M&T Bank .		3,223		405,453
MarketAxess Holdings .		659		209,806
Marsh & McLennan .		9,213		1,660,091
Mastercard, Cl A .		15,439		5,867,283
MetLife .		11,630		713,268
Moody's .		2,886		903,664
Morgan Stanley		23,295		2,095,851
MSCI, Cl A		1,463		705,824
Nasdaq .		6,957		385,209
Northern Trust .		3,754		293,413
PayPal Holdings *		21,333		1,621,308
PNC Financial Services Group		7,327		954,342
Principal Financial Group		4,425		330,503
Progressive		10,756		1,467,118
Prudential Financial .		7,010		609,870
Raymond James Financial .		3,745		339,035
Regions Financial .		19,107		348,894
S&P Global .		6,118		2,218,264
State Street .		6,154		444,688
Synchrony Financial		8,203		242,071
T Rowe Price Group		4,078		458,082
Travelers .		4,509		816,760
Truist Financial		24,478		797,493
US Bancorp .		24,839		851,481
Visa, Cl A .		29,683		6,908,125
W R Berkley		3,672		216,354
Wells Fargo .		68,932		2,740,047
Willis Towers Watson		1,837		425,449
Zions Bancorp .		2,745		76,476
				83,601,439

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

75

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Health Care — 14.4%
Align Technology *		4,179	$	1,359,429
AmerisourceBergen		10,036		1,674,507
Baxter International		29,534		1,408,181
Boston Scientific *		85,526		4,457,615
Cardinal Health		16,419		1,348,000
Cigna Group		17,599		4,457,651
CVS Health .		75,664		5,546,928
DaVita *		3,510		317,164
DENTSPLY SIRONA .	��	13,476		565,049
Dexcom *		23,051		2,797,008
Edwards Lifesciences *		36,941		3,250,069
Elevance Health		14,076		6,596,717
Gilead Sciences		73,480		6,040,791
Henry Schein *		8,608		695,612
Hologic *		14,576		1,253,682
Humana		7,362		3,905,467
IDEXX Laboratories *		4,898		2,410,600
Incyte *		10,537		784,058
Intuitive Surgical *		20,643		6,218,084
IQVIA Holdings *		11,136		2,096,129
Laboratory Corp of America Holdings		5,286		1,198,389
McKesson .		8,069		2,939,053
Medtronic		78,382		7,128,843
Mettler-Toledo International *		1,309		1,952,373
Molina Healthcare *		3,558		1,059,893
Quest Diagnostics .		7,122		988,605
ResMed		8,548		2,059,726
STERIS		5,840		1,101,132
Stryker .		20,162		6,041,543
Teleflex		2,622		714,547
Waters *		3,530		1,060,271
West Pharmaceutical Services		4,336		1,566,337
Zimmer Biomet Holdings .		12,132		1,679,554
Zoetis, Cl A .		27,461		4,827,095
				91,500,102
Industrials — 8.4%
3M		14,357		1,525,001
A O Smith .		3,251		222,011
Alaska Air Group *		3,537		153,718

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

76

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Allegion .		2,214	$	244,603
American Airlines Group *		15,660		213,602
AMETEK		5,774		796,408
Automatic Data Processing		7,742		1,703,240
Broadridge Financial Solutions .		2,162		314,376
Carrier Global		21,620		904,148
Caterpillar .		13,069		2,859,497
Ceridian HCM Holding *		2,115		134,260
CH Robinson Worldwide		3,220		324,801
Cintas		2,291		1,044,169
Copart *		10,697		845,598
CoStar Group *		9,612		739,643
CSX		53,661		1,644,173
Cummins		3,566		838,153
Deere .		7,025		2,655,591
Delta Air Lines *		15,752		540,451
Dover		3,556		519,745
Eaton		9,878		1,650,811
Emerson Electric		14,808		1,232,914
Equifax .		3,027		630,766
Expeditors International of Washington .		4,039		459,800
Fastenal		14,123		760,382
FedEx .		6,110		1,391,736
Fortive .		8,762		552,795
Generac Holdings *		1,491		152,410
Howmet Aerospace .		9,376		415,263
IDEX .		1,852		382,105
Illinois Tool Works		7,159		1,732,049
Ingersoll Rand .		9,896		564,270
JB Hunt Transport Services		2,113		370,388
Johnson Controls International		17,535		1,049,294
Masco .		6,525		349,153
Nordson .		1,194		258,274
Norfolk Southern .		6,129		1,244,371
Old Dominion Freight Line		2,333		747,470
Otis Worldwide		10,927		932,073
PACCAR		12,826		957,974
Parker-Hannifin		3,278		1,064,957
Paychex		5,913		649,602

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

77

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Paycom Software *		986	$	286,305
Pentair		3,936		228,603
Quanta Services .		3,434		582,544
Republic Services, Cl A		5,112		739,297
Robert Half International		2,642		192,866
Rockwell Automation		2,788		790,147
Rollins .		6,137		259,288
Snap-On .		1,283		332,823
Southwest Airlines .		14,958		453,078
Stanley Black & Decker .		3,950		341,043
Trane Technologies .		5,925		1,100,924
TransDigm Group .		1,400		1,071,000
Union Pacific		15,698		3,072,099
United Airlines Holdings *		7,834		343,129
United Parcel Service, Cl B .		18,636		3,350,939
United Rentals .		1,686		608,832
Verisk Analytics, Cl A .		3,921		761,105
Waste Management .		9,648		1,602,050
Westinghouse Air Brake Technologies		4,652		454,361
WW Grainger .		1,095		761,649
Xylem .		4,507		468,007
				53,572,134
Information Technology — 25.6%
Accenture, Cl A		11,421		3,201,192
Adobe *		8,472		3,198,688
Advanced Micro Devices *		29,719		2,655,987
Akamai Technologies *		3,145		257,796
Amphenol, Cl A .		11,006		830,623
Analog Devices		9,186		1,652,378
ANSYS *		1,565		491,285
Apple .		272,775		46,284,462
Applied Materials .		15,450		1,746,313
Arista Networks *		4,408		705,985
Autodesk *		3,991		777,407
Broadcom		7,663		4,800,869
Cadence Design Systems *		5,056		1,058,979
CDW		2,494		422,957
Cisco Systems		74,754		3,532,126
Cognizant Technology Solutions, Cl A		9,638		575,485

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

78

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
DXC Technology *		5,045	$	120,323
Enphase Energy *		2,438		400,320
EPAM Systems *		936		264,364
F5 *		1,266		170,100
First Solar *		1,819		332,113
Fortinet *		12,364		779,550
Gartner *		1,467		443,709
Gen Digital		10,446		184,581
Hewlett Packard Enterprise		25,964		371,804
HP		17,196		510,893
Intel .		73,939		2,296,545
International Business Machines .		16,499		2,085,639
Intuit .		5,043		2,238,840
Juniper Networks .		6,947		209,452
Keysight Technologies *		3,427		495,681
KLA		2,577		996,114
Lam Research		2,604		1,364,704
Microchip Technology		10,026		731,798
Micron Technology .		20,682		1,331,094
Microsoft		136,528		41,949,593
Monolithic Power Systems .		864		399,142
Motorola Solutions		2,987		870,412
NetApp .		3,981		250,365
NVIDIA .		44,777		12,425,170
ON Semiconductor *		7,185		517,033
Oracle .		27,169		2,573,448
PTC *		1,983		249,442
Qorvo *		2,051		188,856
QUALCOMM .		20,220		2,361,696
Roper Technologies		1,869		849,984
Salesforce *		18,011		3,572,842
Seagate Technology Holdings .		3,749		220,329
ServiceNow *		3,676		1,688,828
Skyworks Solutions		2,909		308,063
SolarEdge Technologies *		842		240,500
Synopsys *		2,743		1,018,531
TE Connectivity		6,052		740,583
Teledyne Technologies *		913		378,347
Teradyne .		2,998		273,957

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

79

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Texas Instruments .		16,392	$	2,740,742
Trimble *		4,627		217,932
Tyler Technologies *		827		313,458
VeriSign *		1,663		368,853
Western Digital *		6,040		208,018
Zebra Technologies, Cl A *		1,022		294,367
				162,740,647
Materials — 2.7%
Air Products & Chemicals .		3,998		1,176,851
Albemarle		2,280		422,849
Amcor		29,881		327,795
Avery Dennison .		1,569		273,759
Ball		5,980		318,017
Celanese, Cl A .		1,967		208,974
CF Industries Holdings		3,223		230,702
Corteva .		13,274		811,307
Dow		13,526		735,815
DuPont de Nemours .		9,522		663,874
Eastman Chemical .		2,715		228,793
Ecolab		4,636		778,106
FMC .		2,654		327,981
Freeport-McMoRan .		26,814		1,016,519
International Flavors & Fragrances		4,879		473,068
International Paper .		6,994		231,571
Linde		8,967		3,312,858
LyondellBasell Industries, Cl A		4,940		467,373
Martin Marietta Materials		1,145		415,864
Mosaic .		6,890		295,237
Newmont		14,646		694,220
Nucor		4,668		691,704
Packaging Corp of America .		1,732		234,270
PPG Industries		4,436		622,193
Sealed Air		2,876		138,019
Sherwin-Williams .		4,423		1,050,640
Steel Dynamics		3,048		316,840
Vulcan Materials		2,603		455,837
Westrock .		5,104		152,763
				17,073,799

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

80

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — 2.4%
Alexandria Real Estate Equities ‡		2,594	$	322,123
American Tower ‡		8,869		1,812,735
AvalonBay Communities ‡		2,719		490,426
Boston Properties ‡		2,919		155,758
Camden Property Trust ‡		1,732		190,607
CBRE Group, Cl A *		6,335		485,641
Crown Castle ‡		8,360		1,029,032
Digital Realty Trust ‡		5,361		531,543
Equinix ‡		1,708		1,236,729
Equity Residential ‡		6,395		404,484
Essex Property Trust ‡		1,334		293,120
Extra Space Storage ‡		2,513		382,077
Federal Realty Investment Trust ‡		1,356		134,095
Host Hotels & Resorts ‡		14,513		234,675
Invitation Homes ‡		9,427		314,579
Iron Mountain ‡		5,369		296,584
Kimco Realty ‡		11,397		218,708
Mid-America Apartment Communities ‡		2,235		343,743
ProLogis ‡		17,614		2,206,153
Public Storage ‡		2,910		857,955
Realty Income ‡		11,398		716,250
Regency Centers ‡		3,003		184,474
SBA Communications, Cl A ‡		2,156		562,479
Simon Property Group ‡		6,249		708,137
UDR ‡		5,594		231,200
Welltower ‡		8,361		662,358
Weyerhaeuser ‡		14,944		446,975
				15,452,640
Utilities — 2.9%
AES .		13,082		309,520
Alliant Energy .		4,785		263,845
Ameren .		4,910		436,843
American Electric Power		9,093		840,375
American Water Works		3,378		500,789
Atmos Energy		2,328		265,718
CenterPoint Energy .		10,635		324,049
CMS Energy		5,531		344,360
Consolidated Edison		6,358		626,072
Constellation Energy .		5,971		462,155

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

81

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Utilities — continued
Dominion Energy		14,845	$	848,243
DTE Energy .		3,694		415,243
Duke Energy		14,247		1,408,743
Edison International .		6,948		511,373
Entergy		3,761		404,608
Evergy		4,574		284,091
Eversource Energy .		6,374		494,686
Exelon		17,794		755,177
FirstEnergy		10,170		404,766
NextEra Energy .		36,179		2,772,397
NiSource .		6,907		196,573
NRG Energy		5,097		174,165
PG&E *		25,512		436,510
Pinnacle West Capital		2,280		178,889
PPL		14,215		408,255
Public Service Enterprise Group .		9,095		574,804
Sempra Energy .		5,902		917,702
Southern		19,486		1,433,195
WEC Energy Group .		5,809		558,652
Xcel Energy		10,284		718,954
				18,270,752
TOTAL UNITED STATES				633,860,142
TOTAL COMMON STOCK
(Cost $552,337,237)				634,660,994
TOTAL INVESTMENTS — 99.8%
(Cost $552,337,237)			$	634,660,994

Percentages are based on Net Assets of $636,028,982.
*	Non-income producing security.
‡	Real Estate Investment Trust
As of April 30, 2023, all of the Fund's investments were considered Level 1, in accordance
with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.
See "Glossary" for abbreviations.

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

82

Schedule of Investments	April 30, 2023 (Unaudited)
Global X MSCI SuperDividend® EAFE ETF

	Shares		Value
COMMON STOCK — 98.4%
AUSTRALIA — 8.9%
Energy — 0.5%
Woodside Energy Group		2,890	$	64,324
Materials — 6.2%
BHP Group		8,874		260,379
Rio Tinto .		3,392		251,621
Rio Tinto PLC .		3,823		242,610
				754,610
Real Estate — 2.2%
Vicinity ‡		190,927		264,966
TOTAL AUSTRALIA				1,083,900
AUSTRIA — 1.9%
Energy — 1.9%
OMV		4,914		232,409
BELGIUM — 2.0%
Financials — 2.0%
Ageas		5,504		245,426

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

83

Schedule of Investments	April 30, 2023 (Unaudited)
Global X MSCI SuperDividend® EAFE ETF

	Shares		Value
COMMON STOCK — continued
CHILE — 1.7%
Materials — 1.7%
Antofagasta .		11,018	$	202,257
CHINA — 2.0%
Industrials — 2.0%
Xinyi Glass Holdings .		134,000		244,105
DENMARK — 1.3%
Industrials — 1.3%
AP Moller - Maersk, Cl A .		92		164,205
FINLAND — 1.7%
Utilities — 1.7%
Fortum .		13,993		209,014
FRANCE — 7.4%
Communication Services — 2.2%
Orange .		20,875		272,311
Financials — 5.2%
AXA .		10,477		342,023
Credit Agricole .		23,243		284,418
				626,441
TOTAL FRANCE				898,752
GERMANY — 7.1%
Communication Services — 2.3%
Telefonica Deutschland Holding .		83,144		281,338
Materials — 3.8%
BASF		4,936		255,301
Covestro *		4,639		203,782
				459,083
Real Estate — 1.0%
Aroundtown *		90,573		123,041
TOTAL GERMANY				863,462

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

84

Schedule of Investments	April 30, 2023 (Unaudited)
Global X MSCI SuperDividend® EAFE ETF

	Shares		Value
COMMON STOCK — continued
HONG KONG — 9.3%
Communication Services — 2.0%
HKT Trust & HKT		183,920	$	241,325
Real Estate — 3.9%
Henderson Land Development		61,900		220,004
New World Development .		95,500		253,656
				473,660
Utilities — 3.4%
CK Infrastructure Holdings		36,700		208,515
Power Assets Holdings		37,006		211,196
				419,711
TOTAL HONG KONG				1,134,696
ITALY — 6.4%
Financials — 4.4%
Assicurazioni Generali .		13,320		277,635
Poste Italiane .		25,288		263,153
				540,788
Utilities — 2.0%
Snam		43,994		244,789
TOTAL ITALY				785,577
JAPAN — 11.5%
Communication Services — 2.0%
SoftBank .		22,032		247,802
Financials — 2.3%
Japan Post Holdings .		34,458		282,922
Industrials — 4.0%
Mitsui OSK Lines .		9,831		242,589
Nippon Yusen .		10,082		237,158
				479,747
Materials — 1.3%
JFE Holdings		13,473		158,512

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

85

Schedule of Investments	April 30, 2023 (Unaudited)
Global X MSCI SuperDividend® EAFE ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — 1.9%
Japan Metropolitan Fund Invest ‡		313	$	228,719
TOTAL JAPAN				1,397,702
NETHERLANDS — 1.6%
Financials — 1.6%
NN Group .		5,184		193,270
NEW ZEALAND — 2.2%
Communication Services — 2.2%
Spark New Zealand		83,853		270,871
NORWAY — 2.0%
Communication Services — 2.0%
Telenor		19,752		245,628
PORTUGAL — 2.3%
Utilities — 2.3%
EDP - Energias de Portugal		51,662		285,173
SPAIN — 4.8%
Industrials — 2.9%
ACS Actividades de Construccion y Servicios .		10,419		358,879
Utilities — 1.9%
Enagas .		11,246		225,404
TOTAL SPAIN				584,283
SWEDEN — 3.8%
Communication Services — 1.7%
Tele2, Cl B .		19,363		205,669
Consumer Discretionary — 2.1%
Electrolux, Cl B *		16,929		255,076
TOTAL SWEDEN				460,745

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

86

Schedule of Investments	April 30, 2023 (Unaudited)
Global X MSCI SuperDividend® EAFE ETF

	Shares		Value
COMMON STOCK — continued
SWITZERLAND — 2.3%
Financials — 2.3%
Zurich Insurance Group		572	$	277,501
UNITED KINGDOM — 15.6%
Communication Services — 1.7%
Vodafone Group		171,588		206,826
Consumer Discretionary — 1.3%
Persimmon .		9,744		160,928
Financials — 10.6%
Admiral Group		9,516		276,410
Aviva .		49,959		265,616
Legal & General Group .		82,791		243,604
M&G .		99,045		255,328
Phoenix Group Holdings .		32,909		244,787
				1,285,745
Utilities — 2.0%
National Grid		16,921		243,412
TOTAL UNITED KINGDOM				1,896,911
UNITED STATES — 2.6%
Financials — 2.6%
Swiss Re		3,145		317,027
TOTAL COMMON STOCK
(Cost $12,665,673)				11,992,914
TOTAL INVESTMENTS — 98.4%
(Cost $12,665,673)			$	11,992,914

Percentages are based on Net Assets of $12,192,758.
*	Non-income producing security.
‡	Real Estate Investment Trust

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

87

Schedule of Investments	April 30, 2023 (Unaudited)
Global X MSCI SuperDividend® EAFE ETF

As of April 30, 2023, all of the Fund's investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

See "Glossary" for abbreviations.

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

88

Schedule of Investments	April 30, 2023 (Unaudited)
Global X E-commerce ETF

	Shares		Value
COMMON STOCK — 100.0%
AUSTRALIA — 0.4%
Consumer Discretionary — 0.4%
Temple & Webster Group *		62,168	$	165,157
BRAZIL — 5.6%
Communication Services — 0.3%
VTEX, Cl A *		40,194		140,679
Consumer Discretionary — 5.3%
MercadoLibre *		1,826		2,332,697
TOTAL BRAZIL				2,473,376
CANADA — 5.5%
Information Technology — 5.5%
Shopify, Cl A *		50,888		2,465,524
CHINA — 22.5%
Communication Services — 4.4%
NetEase ADR .		22,017		1,962,375

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

89

Schedule of Investments	April 30, 2023 (Unaudited)
Global X E-commerce ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — 17.5%
Alibaba Group Holding ADR *		16,590	$	1,405,007
Baozun ADR *		40,354		186,839
JD.com ADR .		29,717		1,061,491
PDD Holdings ADR *		20,085		1,368,793
Trip.com Group ADR *		50,763		1,802,594
Vipshop Holdings ADR *		123,745		1,942,797
				7,767,521
Financials — 0.6%
LexinFintech Holdings ADR *		102,777		245,637
TOTAL CHINA				9,975,533
GERMANY — 0.5%
Consumer Discretionary — 0.5%
Jumia Technologies ADR * (A)		74,833		211,029
ISRAEL — 3.5%
Consumer Discretionary — 3.5%
Global-e Online, Cl E *		55,939		1,559,579
JAPAN — 4.7%
Consumer Discretionary — 4.3%
Rakuten Group *		386,924		1,918,068
Information Technology — 0.4%
BASE * (A)		75,239		159,136
TOTAL JAPAN				2,077,204
SINGAPORE — 5.5%
Communication Services — 5.5%
Sea ADR *		32,026		2,439,420
UNITED KINGDOM — 3.9%
Consumer Discretionary — 1.0%
ASOS *		48,711		451,104

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

90

Schedule of Investments	April 30, 2023 (Unaudited)
Global X E-commerce ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — 2.9%
Ocado Group *		203,777	$	1,293,952
TOTAL UNITED KINGDOM				1,745,056
UNITED STATES — 47.9%
Communication Services — 6.2%
Angi, Cl A *		58,173		133,798
Shutterstock		17,888		1,198,496
TripAdvisor *		79,748		1,413,932
				2,746,226
Consumer Discretionary — 31.4%
Amazon.com *		19,706		2,077,998
Booking Holdings *		833		2,237,696
eBay		40,435		1,877,397
Etsy *		14,261		1,440,789
Expedia Group *		18,142		1,704,622
Groupon, Cl A * (A)		17,334		62,056
Lands' End *		16,361		117,308
Overstock.com *		34,029		692,831
PetMed Express .		15,090		231,933
Qurate Retail, Cl A *		255,993		203,924
Wayfair, Cl A * (A)		44,416		1,547,009
Williams-Sonoma .		14,598		1,766,942
				13,960,505
Financials — 0.7%
eHealth *		22,305		133,830
LendingTree *		8,127		193,667
				327,497
Industrials — 4.1%
CoStar Group *		23,374		1,798,629
Information Technology — 5.5%
BigCommerce Holdings *		45,545		336,578
GoDaddy, Cl A *		24,739		1,872,247

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

91

Schedule of Investments	April 30, 2023 (Unaudited)
Global X E-commerce ETF

		Shares		Value
COMMON STOCK — continued
Information Technology — continued
LivePerson *			52,668	$	243,853
					2,452,678
TOTAL UNITED STATES					21,285,535
TOTAL COMMON STOCK
(Cost $95,131,887)					44,397,413
SHORT-TERM INVESTMENT(B)(C) — 0.2%
Fidelity Investments Money Market
Government Portfolio, Cl Institutional,
4.770%
(Cost $96,118)			96,118		96,118
	Face Amount
REPURCHASE AGREEMENT(B) — 2.4%
BNP Paribas
4.700%, dated 04/28/2023, to be repurchased
on 05/01/2023, repurchase price $1,074,417
(collateralized by U.S. Treasury Obligations,
ranging in par value $57,698 - $86,716,
1.125% - 2.250%, 01/15/2025 - 08/15/2027,
with a total market value of $1,093,305)
(Cost $1,073,997)		$	1,073,997	$	1,073,997
TOTAL INVESTMENTS — 102.6%
(Cost $96,302,002)				$	45,567,528

Percentages are based on Net Assets of $44,430,807.
*	Non-income producing security.
(A)	This security or a partial position of this security is on loan at April 30, 2023.
(B)	Security was purchased with cash collateral held from securities on loan.
(C)	The rate reported on the Schedule of Investments is the 7-day effective yield as of
	April 30, 2023.

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

92

Schedule of Investments	April 30, 2023 (Unaudited)
Global X E-commerce ETF

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	44,397,413	$	—	$	—	$	44,397,413
Short-Term Investment		96,118		—		—		96,118
Repurchase Agreement		—		1,073,997		—		1,073,997
Total Investments in Securities	$	44,493,531	$	1,073,997	$	—	$	45,567,528

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

See "Glossary" for abbreviations.

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

93

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — 70.0%(A)
AUSTRALIA — 0.0%
Consumer Discretionary — 0.0%
Cenntro Electric Group *		1	$	—
BAHAMAS — 0.0%
Consumer Discretionary — 0.0%
OneSpaWorld Holdings *		32,104		385,248
BERMUDA — 0.2%
Communication Services — 0.0%
Wejo Group *		1		—
Energy — 0.0%
Teekay *		49,003		276,867
Financials — 0.0%
Bank of NT Butterfield & Son		21,713		558,675
SiriusPoint *		36,721		319,106
				877,781

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

94

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — 0.2%
Triton International .		27,834	$	2,301,037
TOTAL BERMUDA				3,455,685
BRAZIL — 0.1%
Financials — 0.1%
StoneCo, Cl A *		121,326		1,494,736
CAMEROON — 0.1%
Energy — 0.1%
Golar LNG *		44,227		1,003,953
CANADA — 0.3%
Consumer Staples — 0.0%
SunOpta *		40,348		342,958
Energy — 0.0%
Teekay Tankers, Cl A *		10,308		417,371
Health Care — 0.1%
AbCellera Biologics *		91,454		620,058
Aurinia Pharmaceuticals *		55,542		624,848
				1,244,906
Industrials — 0.0%
Brookfield Business, Cl A		10,831		199,940
Li-Cycle Holdings *		54,665		259,659
				459,599
Materials — 0.1%
Novagold Resources *		98,097		533,647
PolyMet Mining *		1		2
				533,649
Utilities — 0.1%
Brookfield Infrastructure, Cl A		42,506		1,810,756
TOTAL CANADA				4,809,239

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

95

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
CHINA — 0.1%
Industrials — 0.1%
Textainer Group Holdings		20,012	$	702,421
Information Technology — 0.0%
indie Semiconductor, Cl A *		41,295		312,603
TOTAL CHINA				1,015,024
GERMANY — 0.1%
Health Care — 0.0%
Affimed *		1		1
Materials — 0.1%
Orion Engineered Carbons		26,461		640,621
TOTAL GERMANY				640,622
GHANA — 0.1%
Energy — 0.1%
Kosmos Energy *		189,726		1,214,246
GREECE — 0.0%
Industrials — 0.0%
Safe Bulkers .		1		4
IRELAND — 0.1%
Energy — 0.0%
Ardmore Shipping		18,103		265,933
Health Care — 0.1%
Prothena *		17,149		902,380
Industrials — 0.0%
Cimpress *		7,544		391,911
TOTAL IRELAND				1,560,224
ISRAEL — 0.0%
Communication Services — 0.0%
Innovid *		1		1

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

96

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — 0.0%
NEOGAMES *		5,784	$	77,795
Health Care — 0.0%
Nano-X Imaging *		22,381		136,748
Information Technology — 0.0%
Sapiens International		14,240		286,651
TOTAL ISRAEL				501,195
ITALY — 0.0%
Consumer Discretionary — 0.0%
Ermenegildo Zegna		26,424		341,662
Information Technology — 0.0%
Kaleyra *		1		2
TOTAL ITALY				341,664
MALTA — 0.0%
Communication Services — 0.0%
Gambling.com Group *		3,671		36,049
MEXICO — 0.1%
Energy — 0.1%
Borr Drilling *		112,613		782,660
MONACO — 0.1%
Energy — 0.1%
Scorpio Tankers .		20,844		1,089,099
Industrials — 0.0%
Costamare .		21,890		197,667
TOTAL MONACO				1,286,766
NORWAY — 0.2%
Energy — 0.1%
FLEX LNG .		12,741		438,418
Frontline		62,115		960,919

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

97

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
SFL		49,682	$	451,609
				1,850,946
Industrials — 0.1%
Golden Ocean Group		50,760		464,454
TOTAL NORWAY				2,315,400
PANAMA — 0.0%
Financials — 0.0%
Banco Latinoamericano de Comercio Exterior,
Cl E		12,522		225,396
PUERTO RICO — 0.2%
Communication Services — 0.0%
Liberty Latin America, Cl A *		16,493		146,293
Liberty Latin America, Cl C *		63,564		564,448
				710,741
Financials — 0.2%
EVERTEC		27,646		959,040
First BanCorp .		83,523		981,395
OFG Bancorp .		20,787		531,524
				2,471,959
TOTAL PUERTO RICO				3,182,700
SINGAPORE — 0.1%
Information Technology — 0.1%
Kulicke & Soffa Industries		25,569		1,218,619
THAILAND — 0.1%
Information Technology — 0.1%
Fabrinet *		16,033		1,522,333
UNITED KINGDOM — 0.0%
Health Care — 0.0%
Babylon Holdings, Cl A *		4,358		34,690

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

98

 

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — 0.0%
Luxfer Holdings		12,150	$	185,288
TOTAL UNITED KINGDOM				219,978
UNITED STATES — 68.1%
Communication Services — 1.8%
AdTheorent Holding *		1		2
Advantage Solutions *		1		1
AMC Networks, Cl A *		13,424		237,471
Anterix *		8,160		257,693
Arena Group Holdings *		4,773		19,569
ATN International .		4,813		174,086
Audacy, Cl A *		1		—
Bandwidth, Cl A *		10,053		122,345
Boston Omaha, Cl A *		9,497		194,309
Bumble, Cl A *		43,167		786,071
Cardlytics *		1		6
Cargurus, Cl A *		49,170		808,355
Cars.com *		29,056		568,626
Charge Enterprises *		1		1
Cinemark Holdings *		47,697		805,125
Clear Channel Outdoor Holdings, Cl A *		1		1
Cogent Communications Holdings .		18,937		1,307,410
Consolidated Communications Holdings *		1		4
Cumulus Media, Cl A *		7,667		26,950
Daily Journal *		617		168,534
DHI Group *		17,672		64,856
EchoStar, Cl A *		15,893		271,294
Entravision Communications, Cl A		24,808		155,050
Eventbrite, Cl A *		31,494		228,961
EverQuote, Cl A *		8,145		56,771
EW Scripps, Cl A *		24,766		208,777
fuboTV *		1		1
Gannett *		1		2
Globalstar *		1		1
Gogo *		24,224		324,844
Gray Television		36,295		279,834
IDT, Cl B *		6,963		231,241
iHeartMedia, Cl A *		47,175		163,697
IMAX *		21,399		448,309

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

99

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Integral Ad Science Holding *		30,568	$	480,835
Iridium Communications .		54,499		3,459,052
John Wiley & Sons, Cl A .		18,747		723,072
KORE Group Holdings *		1		1
Leafly Holdings *		1		—
Liberty Media-Liberty Braves *		16,216		616,532
Liberty Media-Liberty Braves, Cl A *		4,604		180,339
Lions Gate Entertainment, Cl A *		23,892		274,758
Lions Gate Entertainment, Cl B *		48,530		517,815
Madison Square Garden Entertainment *		11,403		367,975
Magnite *		58,167		546,770
Marcus .		10,412		182,418
MediaAlpha, Cl A *		10,547		78,048
Ooma *		10,025		123,307
Outbrain *		11,814		45,248
Playstudios *		1		4
PubMatic, Cl A *		20,006		273,282
QuinStreet *		22,452		249,442
Quotient Technology *		1		3
Radius Global Infrastructure, Cl A *		34,843		511,844
Reservoir Media *		8,401		55,783
Scholastic		13,744		528,732
Shenandoah Telecommunications		20,650		429,726
Shutterstock		10,334		692,378
Sinclair Broadcast Group, Cl A .		19,040		378,706
Skillz, Cl A *		1		1
Sphere Entertainment *		11,403		320,880
Stagwell, Cl A *		37,731		234,687
TechTarget *		11,786		401,785
TEGNA		96,410		1,648,611
Telephone and Data Systems		44,217		442,170
Thryv Holdings *		11,315		254,135
TrueCar *		1		3
United States Cellular *		6,636		140,949
Urban One *		4,963		28,835
Urban One, Cl A *		3,388		24,190
Vimeo *		59,315		195,146
Vinco Ventures *		1		—
Vivid Seats, Cl A *		10,306		73,997

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

100

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
WideOpenWest *		22,515	$	257,346
Yelp, Cl A *		30,071		899,724
Ziff Davis *		20,781		1,519,922
ZipRecruiter, Cl A *		35,718		605,063
				25,673,711
Consumer Discretionary — 8.1%
1-800-Flowers.com, Cl A *		10,860		100,021
1stdibs.com *		8,655		32,543
2U *		30,035		166,394
Aaron's		13,517		180,452
Abercrombie & Fitch, Cl A *		22,970		540,714
Academy Sports & Outdoors .		35,457		2,252,229
Accel Entertainment, Cl A *		23,519		208,143
Acushnet Holdings		14,665		735,156
Adient *		41,234		1,523,184
Adtalem Global Education *		20,529		832,862
aka Brands Holding *		1		—
Allbirds, Cl A *		1		1
American Axle & Manufacturing Holdings *		46,528		332,675
American Eagle Outfitters		67,551		904,508
American Public Education *		7,602		43,331
America's Car-Mart *		2,545		204,593
AMMO *		1		2
Arko		34,379		287,408
Asbury Automotive Group *		9,718		1,880,044
Aterian *		1		1
Bally's *		16,695		287,154
BARK *		1		1
Beachbody *		1		—
Beazer Homes USA *		13,062		278,351
Bed Bath & Beyond *		1		—
Big 5 Sporting Goods		8,688		68,461
Big Lots .		12,716		114,317
Biglari Holdings, Cl B *		301		52,133
BJ's Restaurants *		9,846		320,389
Bloomin' Brands .		38,245		947,329
Bluegreen Vacations Holding, Cl A .		6,233		179,448
Boot Barn Holdings *		12,919		936,240
Bowlero *		17,514		256,230

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

101

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Brinker International *		18,873	$	753,410
Buckle		13,335		447,123
Build-A-Bear Workshop, Cl A *		5,927		137,506
Caleres .		15,728		358,598
Camping World Holdings, Cl A		17,469		391,131
Canoo *		1		1
CarParts.com *		20,261		96,037
Carriage Services, Cl A		6,416		184,203
Cato, Cl A		7,975		65,794
Cavco Industries *		3,930		1,179,865
Century Casinos *		11,233		79,080
Century Communities		12,687		854,343
Cheesecake Factory		21,155		712,712
Chegg *		53,289		958,136
Chico's FAS *		49,956		251,778
Children's Place *		5,914		175,291
Chuy's Holdings *		8,607		300,212
Citi Trends *		3,707		63,983
Clarus .		11,872		115,515
Conn's *		6,922		33,087
Container Store Group *		13,032		40,269
ContextLogic, Cl A *		—		—
Coursera *		51,347		638,757
Cracker Barrel Old Country Store .		9,919		1,053,001
Crocs *		26,419		3,267,238
Dana .		59,278		876,722
Dave & Buster's Entertainment *		18,501		656,045
Denny's *		25,181		282,279
Designer Brands, Cl A		25,968		212,678
Destination XL Group *		24,746		108,635
Dillard's, Cl A .		2,131		635,869
Dine Brands Global		6,933		450,160
Dorman Products *		11,480		989,117
Dream Finders Homes, Cl A *		8,714		132,889
Duluth Holdings, Cl B *		5,057		31,657
Duolingo, Cl A *		10,536		1,434,582
El Pollo Loco Holdings *		8,129		75,762
Ethan Allen Interiors .		9,866		275,557
European Wax Center, Cl A *		12,564		236,706

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

102

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Everi Holdings *		37,720	$	573,344
EVgo *		28,111		168,385
Express *		1		1
F45 Training Holdings *		1		1
Faraday Future Intelligent Electric *		1		—
First Watch Restaurant Group *		6,991		112,415
Fisker *		76,949		495,552
Foot Locker .		38,182		1,603,262
Fossil Group *		19,378		65,110
Fox Factory Holding *		18,445		2,044,997
Franchise Group .		12,078		353,281
Frontdoor *		36,069		986,848
Full House Resorts *		13,575		95,568
Funko, Cl A *		13,343		131,562
Genesco *		6,040		209,346
Gentherm *		14,447		861,764
G-III Apparel Group *		18,895		296,651
Golden Entertainment *		8,886		374,634
Goodyear Tire & Rubber *		122,600		1,308,142
GoPro, Cl A *		53,214		227,756
Graham Holdings, Cl B .		1,644		946,237
Green Brick Partners *		12,936		482,125
Group 1 Automotive		6,960		1,562,381
Groupon, Cl A *		9,434		33,774
GrowGeneration *		22,976		78,578
Guess? .		16,627		313,419
Haverty Furniture		6,949		209,443
Helen of Troy *		10,349		1,038,419
Hibbett .		5,909		321,036
Hilton Grand Vacations *		40,711		1,742,431
Holley *		1		2
Hovnanian Enterprises, Cl A *		2,388		176,163
Inspirato *		1		1
Inspired Entertainment *		9,225		118,080
Installed Building Products		11,034		1,371,195
International Game Technology .		42,430		1,193,980
iRobot *		11,831		465,313
Jack in the Box .		9,256		857,939
JOANN *		1		2

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

103

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Johnson Outdoors, Cl A		2,348	$	136,184
KB Home .		33,714		1,477,347
Kontoor Brands .		24,289		1,097,134
Krispy Kreme .		33,425		514,076
Kura Sushi USA, Cl A *		2,090		144,043
Lands' End *		5,973		42,826
Landsea Homes *		4,344		28,670
Latham Group *��		1		2
Laureate Education, Cl A *		60,053		744,057
La-Z-Boy .		18,671		536,418
LCI Industries		10,813		1,221,436
Legacy Housing *		4,026		86,962
LGI Homes *		9,127		1,084,288
Life Time Group Holdings *		18,174		377,837
Lifetime Brands .		5,430		26,607
Light & Wonder *		42,406		2,556,658
Lindblad Expeditions Holdings *		12,659		143,173
LL Flooring Holdings *		11,946		39,302
Lordstown Motors, Cl A *		1		1
Lovesac *		6,290		165,364
Lulu's Fashion Lounge Holdings *		1		2
Luminar Technologies, Cl A *		108,339		652,201
M/I Homes *		12,118		819,662
Malibu Boats, Cl A *		8,938		507,231
Marine Products		3,258		44,863
MarineMax *		9,105		265,138
MasterCraft Boat Holdings *		8,121		237,702
MDC Holdings .		25,535		1,046,169
Meritage Homes .		15,778		2,020,373
Modine Manufacturing *		21,440		448,310
Monarch Casino & Resort .		5,884		408,114
Monro .		14,176		692,923
Motorcar Parts of America *		8,808		42,895
Movado Group		6,868		175,958
Mullen Automotive *		1		—
Murphy USA .		9,076		2,497,987
National Vision Holdings *		34,948		735,306
Nerdy *		1		4
Noodles, Cl A *		16,833		83,155

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

104

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
ODP *		19,146	$	827,299
ONE Group Hospitality *		8,858		69,358
OneWater Marine, Cl A *		4,828		127,459
Overstock.com *		18,329		373,178
Oxford Industries .		6,844		706,232
Papa John's International .		14,265		1,066,879
Patrick Industries .		9,683		664,544
Perdoceo Education *		28,812		373,980
PetMed Express .		8,924		137,162
PLBY Group *		1		2
Portillo's, Cl A *		14,224		307,523
Purple Innovation, Cl A .		1		3
Qurate Retail, Cl A *		1		1
RCI Hospitality Holdings .		3,926		294,057
RealReal *		1		1
Red Rock Resorts, Cl A .		22,732		1,109,322
Rent the Runway, Cl A *		1		3
Revolve Group, Cl A *		18,401		379,981
Rocky Brands .		3,095		90,436
Rover Group, Cl A *		38,428		174,079
RumbleON, Cl B *		4,322		29,390
Rush Street Interactive *		22,740		70,721
Ruth's Hospitality Group .		14,388		232,510
Sabre *		134,946		539,784
Sally Beauty Holdings *		46,061		655,448
SeaWorld Entertainment *		20,666		1,108,938
Shake Shack, Cl A *		16,355		896,418
Shoe Carnival .		7,699		179,002
Signet Jewelers .		21,575		1,587,488
Skyline Champion *		23,266		1,725,639
Sleep Number *		9,394		211,835
Smith & Wesson Brands		20,208		242,900
Snap One Holdings *		7,602		74,196
Solid Power *		1		2
Solo Brands, Cl A *		6,993		55,874
Sonder Holdings *		1		—
Sonic Automotive, Cl A		9,075		404,019
Sonos *		55,585		1,175,067
Sportsman's Warehouse Holdings *		17,919		111,456

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

105

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Standard Motor Products .		8,885	$	319,949
Steven Madden .		33,883		1,187,260
Stitch Fix, Cl A *		1		3
Stoneridge *		11,478		216,131
Strategic Education .		10,155		893,640
Stride *		18,445		792,397
Sturm Ruger .		8,839		508,773
Superior Group .		5,445		42,471
Sweetgreen, Cl A *		37,005		293,820
Target Hospitality *		15,056		189,856
Taylor Morrison Home, Cl A *		50,113		2,159,369
Texas Roadhouse, Cl A		29,276		3,238,511
ThredUp, Cl A *		1		3
Tile Shop Holdings *		1		5
Tilly's, Cl A *		9,231		69,325
Topgolf Callaway Brands *		60,837		1,348,756
Torrid Holdings *		1		3
Traeger *		1		3
TravelCenters of America *		5,434		468,030
Tri Pointe Homes *		45,804		1,313,659
Tupperware Brands *		1		1
Udemy *		31,070		282,426
Unifi *		5,803		50,950
Universal Electronics *		5,558		55,858
Universal Technical Institute *		13,347		94,230
Upbound Group, Cl A		26,432		704,677
Urban Outfitters *		28,997		784,659
Vacasa, Cl A *		1		1
Vista Outdoor *		24,432		588,811
Visteon *		12,077		1,695,490
Vizio Holding, Cl A *		28,081		240,654
Vuzix *		24,435		98,229
Warby Parker, Cl A *		37,732		397,318
Weyco Group		2,368		64,268
Wingstop		13,209		2,643,253
Winmark .		1,459		487,189
Winnebago Industries		13,733		798,437
Wolverine World Wide .		34,427		576,308
Workhorse Group *		1		1

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

106

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
WW International *		21,890	$	182,781
XPEL *		9,677		707,002
Xponential Fitness, Cl A *		9,106		301,226
Zumiez *		8,005		139,967
				114,077,443
Consumer Staples — 2.7%
22nd Century Group *		1		1
Alico		3,353		78,997
Andersons .		14,022		626,783
AppHarvest *		1		—
B&G Foods .		32,279		517,755
Beauty Health *		45,023		515,964
BellRing Brands *		58,434		2,103,040
Benson Hill *		1		1
Beyond Meat *		26,170		354,342
Boxed *		1		—
BRC, Cl A *		10,574		55,091
Calavo Growers .		7,487		239,285
Cal-Maine Foods .		17,056		810,160
Celsius Holdings *		24,235		2,316,139
Central Garden & Pet *		4,269		157,270
Central Garden & Pet, Cl A *		17,619		622,479
Chefs' Warehouse *		14,670		487,924
Coca-Cola Consolidated .		2,172		1,280,307
Duckhorn Portfolio *		18,445		278,520
Edgewell Personal Care		22,938		1,001,702
elf Beauty *		21,452		1,989,888
Energizer Holdings .		31,356		1,048,231
Fresh Del Monte Produce .		14,078		404,179
Hain Celestial Group *		38,883		697,172
Herbalife *		46,417		689,757
HF Foods Group *		15,391		60,333
Honest *		1		2
Hostess Brands, Cl A *		58,519		1,507,449
Ingles Markets, Cl A		6,259		576,078
Inter Parfums		7,850		1,191,551
J & J Snack Foods		6,605		1,011,886
John B Sanfilippo & Son		3,901		405,509
Lancaster Colony .		8,648		1,808,470

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

107

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Lifecore Biomedical *		10,860	$	46,155
Local Bounti *		1		1
Medifast .		4,948		453,484
MGP Ingredients		6,108		602,737
Mission Produce *		16,777		191,090
National Beverage *		10,398		516,781
Natural Grocers by Vitamin Cottage		4,396		47,433
Nature's Sunshine Products *		5,057		55,425
Nu Skin Enterprises, Cl A		21,193		836,276
OmniAb CVR *(B)		2,421		48
OmniAb CVR *(B)		2,421		48
PriceSmart		11,268		830,226
Primo Water		68,643		1,042,687
Rite Aid *		1		2
Seneca Foods, Cl A *		2,565		122,094
Simply Good Foods *		38,579		1,403,118
Sovos Brands *		18,538		317,927
SpartanNash .		15,328		375,843
Sprouts Farmers Market *		47,480		1,645,657
Tattooed Chef *		1		2
Thorne HealthTech *		3,565		15,722
Tootsie Roll Industries		6,943		283,830
TreeHouse Foods *		22,242		1,184,386
Turning Point Brands .		6,435		153,089
United Natural Foods *		26,223		715,101
Universal		10,604		582,054
USANA Health Sciences *		4,988		331,054
Utz Brands .		28,306		535,266
Vector Group .		63,787		812,646
Veru *		1		1
Village Super Market, Cl A		3,880		84,933
Vintage Wine Estates *		1		1
Vita Coco *		12,488		270,365
Vital Farms *		13,185		169,823
WD-40 .		5,952		1,133,261
Weis Markets		7,209		594,670
Whole Earth Brands *		1		2
				38,189,503

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

108

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Energy — 4.0%
Aemetis *		1	$	2
Amplify Energy *		14,794		102,227
Arch Resources		6,691		817,975
Archrock .		55,759		573,760
Battalion Oil *		1,058		7,448
Berry		33,574		256,505
Bristow Group *		10,265		229,628
Cactus, Cl A		27,349		1,107,088
California Resources .		33,972		1,375,866
Callon Petroleum *		21,670		718,144
Centrus Energy, Cl A *		4,561		133,637
ChampionX .		88,429		2,394,657
Chord Energy .		18,650		2,654,454
Civitas Resources		32,145		2,219,612
Clean Energy Fuels *		77,361		330,331
CNX Resources *		83,943		1,303,635
Comstock Resources .		39,071		449,316
CONSOL Energy .		14,983		889,091
Crescent Energy, Cl A		17,378		201,932
CVR Energy .		12,664		333,570
Delek US Holdings .		31,089		676,186
Denbury *		21,744		2,030,455
DHT Holdings .		60,707		576,109
Diamond Offshore Drilling *		56,929		654,114
DMC Global *		8,306		157,316
Dorian LPG *		13,544		300,948
Dril-Quip *		14,976		408,545
Earthstone Energy, Cl A *		24,087		326,620
Empire Petroleum *		6,701		72,706
Energy Fuels *		63,904		364,892
Equitrans Midstream .		172,817		890,008
Excelerate Energy, Cl A		7,687		165,270
Expro Group Holdings *		40,114		797,867
Gevo *		1		1
Green Plains *		23,496		802,858
Gulfport Energy *		5,082		459,718
Helix Energy Solutions Group *		68,016		493,116
Helmerich & Payne		44,494		1,475,421
HighPeak Energy .		3,306		65,327

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

109

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
International Seaways		24,485	$	974,993
Kinetik Holdings, Cl A .		8,446		260,137
Liberty Energy, Cl A		68,172		873,283
Magnolia Oil & Gas, Cl A .		76,108		1,607,401
Matador Resources		48,822		2,393,743
Murphy Oil		65,220		2,394,226
Nabors Industries *		3,895		388,487
NACCO Industries, Cl A .		1,669		60,284
National Energy Services Reunited *		15,747		48,028
Newpark Resources *		1		4
NextDecade *		12,755		79,464
NexTier Oilfield Solutions *		76,097		614,864
Noble *		36,820		1,415,729
Nordic American Tankers .		1		4
Northern Oil and Gas .		29,481		977,885
Oceaneering International *		43,001		762,408
Oil States International *		24,978		175,845
Par Pacific Holdings *		22,553		528,417
Patterson-UTI Energy		98,463		1,101,801
PBF Energy, Cl A		51,599		1,798,741
Peabody Energy		54,491		1,308,874
Permian Resources, Cl A .		101,485		1,060,518
ProFrac Holding, Cl A *		10,328		115,674
ProPetro Holding *		37,651		261,298
Ranger Oil, Cl A .		9,177		378,092
REX American Resources *		6,930		196,050
Riley Exploration Permian		4,819		202,446
Ring Energy *		1		2
RPC .		32,717		241,779
SandRidge Energy *		13,766		195,064
Select Energy Services, Cl A		31,426		233,495
SilverBow Resources *		4,886		116,531
Sitio Royalties, Cl A		34,032		864,073
SM Energy .		52,879		1,484,842
Solaris Oilfield Infrastructure, Cl A		13,032		100,086
Talos Energy *		28,186		384,175
Tellurian *		1		1
TETRA Technologies *		1		3
Tidewater *		20,299		914,064

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

110

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Uranium Energy *		1	$	3
Ur-Energy *		1		1
US Silica Holdings *		31,528		411,440
VAALCO Energy		24,202		103,585
Valaris *		26,460		1,587,600
Vertex Energy *		22,440		177,276
Vital Energy *		7,136		332,038
W&T Offshore *		38,553		168,477
Weatherford International *		30,681		1,982,913
World Fuel Services .		26,591		628,611
				56,721,110
Financials — 11.0%
1st Source		7,125		296,970
ACNB		3,437		104,244
AFC Gamma ‡		6,892		83,531
Alerus Financial		6,611		95,132
Amalgamated Financial		7,884		128,352
A-Mark Precious Metals		7,890		282,462
Ambac Financial Group *		18,835		300,418
Amerant Bancorp, Cl A .		12,075		224,595
American Equity Investment Life Holding		34,467		1,328,358
American National Bankshares .		4,657		134,541
Ameris Bancorp		28,831		965,838
AMERISAFE .		8,161		454,160
Angel Oak Mortgage REIT ‡		4,141		32,010
Apollo Commercial Real Estate Finance ‡		59,731		604,478
Arbor Realty Trust ‡		71,932		825,060
Ares Commercial Real Estate ‡		24,708		212,736
Argo Group International Holdings *		13,559		398,770
ARMOUR Residential REIT ‡		54,609		278,506
Arrow Financial		6,184		133,513
Artisan Partners Asset Management, Cl A		26,223		909,151
AssetMark Financial Holdings *		9,362		287,226
Associated Banc-Corp		64,864		1,156,525
Associated Capital Group, Cl A		880		32,850
Atlantic Union Bankshares .		32,593		932,812
Atlanticus Holdings *		2,185		63,715
Avantax *		20,685		524,778
AvidXchange Holdings *		76,750		570,252

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

111

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Axos Financial *		24,948	$	1,014,635
B Riley Financial .		9,172		288,918
Bakkt Holdings *		1		1
Banc of California		23,480		266,498
BancFirst		8,627		689,211
Bancorp *		23,756		758,054
Bank First		3,393		232,047
Bank of Marin Bancorp .		6,821		120,254
BankUnited .		35,625		803,344
Bankwell Financial Group .		2,292		53,312
Banner .		14,906		744,108
Bar Harbor Bankshares		6,519		161,671
BayCom .		5,376		89,672
BCB Bancorp .		5,981		70,576
Berkshire Hills Bancorp .		20,596		438,077
BGC Partners, Cl A .		152,639		691,455
Blackstone Mortgage Trust, Cl A ‡		75,530		1,377,667
Blue Foundry Bancorp *		11,233		108,061
Blue Ridge Bankshares		7,059		68,261
Bread Financial Holdings .		21,846		602,950
Bridgewater Bancshares *		9,415		93,679
Bright Health Group *		1		—
Brightsphere Investment Group		13,958		315,172
BrightSpire Capital, Cl A ‡		36,112		205,838
Broadmark Realty Capital ‡		53,214		261,281
Brookline Bancorp .		39,886		380,512
BRP Group, Cl A *		26,646		671,213
Business First Bancshares		10,560		162,835
Byline Bancorp		10,705		207,142
Cadence Bank		78,728		1,591,880
Cambridge Bancorp .		2,951		152,419
Camden National .		6,318		201,860
Cannae Holdings *		34,932		637,160
Cantaloupe *		43,132		237,657
Capital Bancorp .		3,894		65,614
Capital City Bank Group .		5,960		181,542
Capitol Federal Financial		53,587		332,239
Capstar Financial Holdings		8,958		119,858
Carter Bankshares *		10,520		135,182

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

112

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Cass Information Systems .		6,008	$	219,773
Cathay General Bancorp		31,319		998,137
Central Pacific Financial		11,758		186,717
Chicago Atlantic Real Estate Finance ‡		2,715		38,444
Chimera Investment ‡		99,791		566,813
Citizens & Northern .		6,685		127,683
City Holding		6,342		578,327
Civista Bancshares .		6,568		104,234
Claros Mortgage Trust ‡		39,535		472,839
CNB Financial		8,955		167,996
CNO Financial Group .		50,217		1,126,869
Coastal Financial *		4,561		165,336
Cohen & Steers		12,303		738,918
Colony Bankcorp .		6,722		66,413
Columbia Financial *		16,328		273,984
Community Bank System .		23,217		1,159,921
Community Trust Bancorp		6,796		244,724
Compass Diversified Holdings		26,649		507,930
ConnectOne Bancorp .		15,994		252,385
Consumer Portfolio Services *		5,964		62,085
Crawford, Cl A		6,686		60,375
CrossFirst Bankshares *		19,747		198,062
Curo Group Holdings *		1		2
Customers Bancorp *		13,062		285,274
CVB Financial		57,783		865,011
Diamond Hill Investment Group .		1,276		206,865
Dime Community Bancshares		14,395		296,537
Donegal Group, Cl A		6,720		94,618
Donnelley Financial Solutions *		12,474		539,500
Dynex Capital ‡		24,142		286,324
Eagle Bancorp .		13,887		348,564
Eastern Bankshares .		71,290		830,528
eHealth *		10,147		60,882
Ellington Financial ‡		28,792		367,674
Employers Holdings		11,959		473,457
Enact Holdings .		13,311		321,328
Encore Capital Group *		10,437		536,253
Enova International *		14,981		657,966
Enstar Group *		5,200		1,251,120

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

113

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Enterprise Bancorp		4,159	$	119,946
Enterprise Financial Services .		15,485		662,139
Equity Bancshares, Cl A .		6,590		155,194
Esquire Financial Holdings		3,161		122,204
Essent Group .		45,751		1,943,045
EZCORP, Cl A *		23,870		205,521
Farmers & Merchants Bancorp .		5,753		131,168
Farmers National Banc		26,060		304,641
FB Financial		15,381		452,663
Federal Agricultural Mortgage, Cl C .		3,950		526,495
Federated Hermes, Cl B		38,726		1,602,869
Finance of America, Cl A *		1		2
Financial Institutions		6,762		118,200
First Bancorp		17,038		524,430
First Bancorp		4,511		111,422
First Bancshares		11,286		283,279
First Bank		6,516		63,270
First Busey .		22,192		403,451
First Business Financial Services .		3,314		95,079
First Commonwealth Financial .		45,252		564,745
First Community Bankshares		7,213		168,856
First Financial		5,012		173,165
First Financial Bancorp .		40,619		840,813
First Financial Bankshares		56,687		1,658,662
First Foundation		22,630		142,343
First Guaranty Bancshares .		2,585		35,130
First Internet Bancorp		4,137		60,855
First Interstate BancSystem, Cl A		42,437		1,085,963
First Merchants		24,945		727,895
First Mid Bancshares		8,308		218,999
First of Long Island		9,890		115,713
First Western Financial *		3,278		58,217
FirstCash Holdings		16,665		1,716,995
Five Star Bancorp .		5,503		116,994
Flushing Financial		12,626		151,891
Flywire *		24,964		728,200
Focus Financial Partners, Cl A *		26,737		1,388,720
Franklin BSP Realty Trust ‡		36,251		457,850
Fulton Financial		71,035		847,448

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

114

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
FVCBankcorp *		6,185	$	59,438
GCM Grosvenor .		18,122		146,245
Genworth Financial, Cl A *		230,453		1,338,932
German American Bancorp		11,924		346,631
Glacier Bancorp		48,461		1,610,359
Goosehead Insurance, Cl A *		8,190		470,925
Granite Point Mortgage Trust ‡		22,093		98,756
Great Southern Bancorp .		4,301		218,835
Green Dot, Cl A *		22,238		382,271
Greene County Bancorp .		2,958		60,787
Greenlight Capital Re, Cl A *		10,860		106,211
Guaranty Bancshares		3,591		86,579
Hamilton Lane, Cl A .		15,641		1,152,429
Hancock Whitney		37,434		1,367,090
Hanmi Financial .		13,221		213,651
Hannon Armstrong Sustainable Infrastructure
Capital ‡		38,854		1,102,676
HarborOne Bancorp .		19,208		206,486
HBT Financial .		4,838		85,342
HCI Group .		2,957		149,802
Heartland Financial USA		18,034		587,187
Heritage Commerce .		25,369		215,636
Heritage Financial		14,909		262,547
Hilltop Holdings .		26,220		813,344
Hingham Institution For Savings		821		159,734
Hippo Holdings *		7,508		136,946
Home Bancorp		3,282		102,825
Home BancShares		85,272		1,856,371
Home Point Capital *		1		2
HomeStreet		8,313		81,135
HomeTrust Bancshares		6,564		136,991
Hope Bancorp		49,806		453,235
Horace Mann Educators .		17,694		553,468
Horizon Bancorp		18,124		190,846
Houlihan Lokey, Cl A		22,185		2,027,265
I3 Verticals, Cl A *		10,335		240,289
Independent Bank .		21,216		1,188,096
Independent Bank .		8,963		159,721
Independent Bank Group		15,784		574,222

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

115

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
International Bancshares		23,337	$	995,790
International Money Express *		13,983		360,482
Invesco Mortgage Capital ‡		24,251		257,303
Investors Title		596		88,673
Jackson Financial, Cl A .		35,595		1,281,776
James River Group Holdings .		15,808		307,782
John Marshall Bancorp		4,789		87,256
Kearny Financial		26,640		207,526
Kinsale Capital Group .		9,577		3,128,902
KKR Real Estate Finance Trust ‡		26,071		280,003
Ladder Capital, Cl A ‡		50,987		476,728
Lakeland Bancorp .		28,522		409,005
Lakeland Financial		10,774		545,919
Lemonade *		19,863		215,315
LendingClub *		42,768		307,074
LendingTree *		4,894		116,624
Live Oak Bancshares		14,383		338,863
Luther Burbank *		6,346		57,368
Macatawa Bank .		10,860		101,541
MarketWise *		1		2
Marqeta, Cl A *		183,127		741,664
MBIA *		22,614		227,497
Mercantile Bank .		6,846		192,099
Merchants Bancorp .		6,715		155,788
Mercury General		11,468		348,742
Metrocity Bankshares		8,352		136,555
Metropolitan Bank Holding *		4,418		141,774
MFA Financial ‡		44,422		474,871
Mid Penn Bancorp .		6,345		143,524
Midland States Bancorp		9,259		185,180
MidWestOne Financial Group		6,321		130,845
Moelis, Cl A .		27,743		1,050,905
MoneyGram International *		42,296		429,727
Moneylion *		—		—
Mr Cooper Group *		30,724		1,422,521
MVB Financial .		4,562		83,256
National Bank Holdings, Cl A		12,829		407,962
National Western Life Group, Cl A		1,132		288,637
Navient .		46,486		768,878

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

116

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
NBT Bancorp .		18,274	$	589,154
Nelnet, Cl A		6,939		668,226
NerdWallet, Cl A *		11,611		157,561
New York Mortgage Trust ‡		40,000		411,200
Nexpoint Real Estate Finance ‡		3,263		45,421
NI Holdings *		4,022		54,257
Nicolet Bankshares *		5,419		310,563
NMI Holdings, Cl A *		35,934		840,856
Northeast Bank .		2,772		102,148
Northfield Bancorp		18,276		190,436
Northwest Bancshares .		54,150		633,013
OceanFirst Financial .		24,963		399,408
Old National Bancorp		127,270		1,706,691
Old Second Bancorp .		18,785		230,868
Open Lending, Cl A *		61,177		430,074
Oportun Financial *		9,538		38,820
Oppenheimer Holdings, Cl A .		4,139		154,757
OppFi *		1		2
Orchid Island Capital, Cl A ‡		24,079		257,645
Origin Bancorp .		9,658		284,235
Orrstown Financial Services .		4,899		93,914
Oscar Health, Cl A *		71,519		481,323
Pacific Premier Bancorp		40,785		907,058
Palomar Holdings *		10,683		536,928
Park National		6,293		681,658
Parke Bancorp .		4,251		73,075
Pathward Financial		12,570		559,742
Payoneer Global *		89,642		489,445
Paysafe *		12,054		173,097
PCB Bancorp		4,859		67,151
Peapack-Gladstone Financial .		7,668		203,662
PennyMac Financial Services .		12,726		795,248
PennyMac Mortgage Investment Trust ‡		40,947		508,971
Peoples Bancorp .		11,943		311,235
Peoples Financial Services		3,065		123,673
Perella Weinberg Partners, Cl A .		19,276		152,280
Pioneer Bancorp *		4,887		43,103
Piper Sandler .		7,568		1,025,010
PJT Partners .		10,309		708,950

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

117

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
PRA Group *		17,980	$	652,135
Preferred Bank		5,793		278,527
Premier Financial		15,476		257,056
Primis Financial		9,604		84,995
Priority Technology Holdings *		5,567		17,870
ProAssurance		23,090		414,696
PROG Holdings *		23,836		720,562
Provident Bancorp .		6,346		43,343
Provident Financial Services		31,866		557,018
QCR Holdings .		7,044		291,622
Radian Group .		75,251		1,826,342
RBB Bancorp .		6,395		79,554
Ready Capital ‡		36,647		393,222
Red River Bancshares .		1,971		90,666
Redwood Trust ‡		47,751		299,876
Regional Management		3,423		91,599
Remitly Global *		43,081		723,761
Renasant		23,887		671,702
Repay Holdings, Cl A *		35,838		224,704
Republic Bancorp, Cl A		4,109		161,484
Republic First Bancorp *		1		1
RLI .		17,556		2,441,162
Root, Cl A *		19,169		82,235
S&T Bancorp		17,099		470,735
Safety Insurance Group .		6,202		453,304
Sandy Spring Bancorp		18,777		422,107
Sculptor Capital Management, Cl A		9,741		81,143
Seacoast Banking Corp of Florida .		31,617		701,581
Selective Insurance Group .		26,002		2,504,773
Selectquote *		1		1
ServisFirst Bancshares .		21,738		1,097,769
Shore Bancshares		7,300		96,944
Sierra Bancorp		6,202		101,651
Silvercrest Asset Management Group, Cl A		4,027		75,426
Simmons First National, Cl A .		52,706		880,717
Skyward Specialty Insurance Group *		4,500		96,210
SmartFinancial		6,435		138,610
South Plains Financial		4,784		98,215
Southern First Bancshares *		3,392		93,551

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

118

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Southern Missouri Bancorp .		3,441	$	124,839
Southside Bancshares		13,245		420,264
SouthState .		33,676		2,322,970
Stellar Bancorp .		19,901		456,529
StepStone Group, Cl A .		23,922		527,002
Sterling Bancorp *		7,108		38,525
Stewart Information Services .		11,785		490,845
Stock Yards Bancorp .		12,573		611,048
StoneX Group *		7,718		756,904
Summit Financial Group		4,937		95,926
Sunlight Financial Holdings *		1		—
SWK Holdings *		1,528		26,786
Texas Capital Bancshares *		21,744		1,092,636
Third Coast Bancshares *		5,446		75,917
Tiptree		10,880		149,818
Tompkins Financial		6,121		358,813
Towne Bank .		30,284		717,428
TPG RE Finance Trust ‡		29,673		211,568
TriCo Bancshares		13,643		488,556
Triumph Financial *		10,156		527,706
Trupanion *		17,172		602,909
TrustCo Bank NY .		8,177		244,002
Trustmark		26,755		639,177
Two Harbors Investment ‡		52,146		726,394
UMB Financial .		19,104		1,215,205
United Bankshares .		56,655		1,876,980
United Community Banks .		46,209		1,150,604
United Fire Group		9,153		246,216
Unity Bancorp .		2,864		66,302
Universal Insurance Holdings .		11,233		173,213
Univest Financial .		12,532		252,144
USCB Financial Holdings *		4,444		42,307
Valley National Bancorp		186,436		1,748,770
Value Line .		400		18,320
Velocity Financial *		3,631		33,115
Veritex Holdings .		22,561		388,275
Victory Capital Holdings, Cl A		7,175		219,124
Virtus Investment Partners		3,088		562,664
Walker & Dunlop		13,362		899,396

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

119

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Washington Federal		28,246	$	792,018
Washington Trust Bancorp		7,398		207,958
Waterstone Financial .		9,316		129,027
WesBanco .		25,436		677,106
West BanCorp		7,091		122,178
Westamerica BanCorp		11,168		452,416
WisdomTree .		55,743		347,836
World Acceptance *		1,811		182,730
WSFS Financial		27,342		961,618
				154,184,651
Health Care — 11.6%
23andMe Holding, Cl A *		1		2
2seventy bio *		15,596		148,318
4D Molecular Therapeutics *		13,920		250,699
Aadi Bioscience *		6,012		46,653
Absci *		1		1
ACADIA Pharmaceuticals *		52,351		1,116,647
Accolade *		30,766		416,264
Aclaris Therapeutics *		29,447		261,784
Acrivon Therapeutics *		3,745		46,101
AdaptHealth, Cl A *		31,718		376,810
Adaptive Biotechnologies *		46,172		329,668
Addus HomeCare *		7,244		592,125
Adicet Bio *		11,833		69,105
ADMA Biologics *		1		3
Aerovate Therapeutics *		4,920		103,172
Agenus *		1		2
Agiliti *		13,210		220,871
Agios Pharmaceuticals *		23,899		546,570
AirSculpt Technologies *		3,395		16,636
Akero Therapeutics *		15,101		675,619
Akoya Biosciences *		7,038		48,984
Alector *		26,855		177,243
Alignment Healthcare *		40,576		255,223
Alkermes *		70,791		2,021,083
Allogene Therapeutics *		38,828		210,836
Allovir *		12,116		41,679
Alpha Teknova *		1		2
Alphatec Holdings *		31,707		457,849

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

120

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Alpine Immune Sciences *		5,397	$	40,424
ALX Oncology Holdings *		9,458		56,181
American Well, Cl A *		1		2
Amicus Therapeutics *		126,348		1,458,056
AMN Healthcare Services *		19,671		1,698,591
Amneal Pharmaceuticals *		1		2
Amphastar Pharmaceuticals *		16,492		589,919
Amylyx Pharmaceuticals *		21,830		619,972
AN2 Therapeutics *		5,522		43,348
AnaptysBio *		8,602		179,094
Anavex Life Sciences *		32,172		261,880
AngioDynamics *		16,160		134,451
ANI Pharmaceuticals *		5,495		207,271
Anika Therapeutics *		6,482		166,328
Apellis Pharmaceuticals *		41,940		3,499,054
Apollo Medical Holdings *		17,051		605,140
Arbutus Biopharma *		1		3
Arcellx *		13,232		564,742
Arcturus Therapeutics Holdings *		9,549		254,194
Arcus Biosciences *		22,094		394,378
Arcutis Biotherapeutics *		18,931		262,005
Arrowhead Pharmaceuticals *		44,774		1,585,447
Artivion *		16,495		228,786
Arvinas *		21,457		562,388
Atara Biotherapeutics *		1		3
Atea Pharmaceuticals *		27,967		91,452
Athira Pharma *		1		3
ATI Physical Therapy *		1		—
AtriCure *		20,237		890,226
Atrion .		791		486,702
Aura Biosciences *		11,659		105,397
Avanos Medical *		20,339		600,814
Aveanna Healthcare Holdings *		1		1
Avid Bioservices *		27,782		501,465
Avidity Biosciences *		29,024		359,898
Axogen *		17,616		158,896
Axonics *		21,400		1,229,644
Axsome Therapeutics *		13,843		990,190
Beam Therapeutics *		27,672		849,807

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

121

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
BioCryst Pharmaceuticals *		84,528	$	643,258
Biohaven *		27,047		353,775
BioLife Solutions *		14,458		253,882
Bionano Genomics *		1		1
Bioventus, Cl A *		1		1
Bioxcel Therapeutics *		8,490		175,064
Bluebird Bio *		36,612		159,262
Blueprint Medicines *		26,739		1,365,026
Bridgebio Pharma *		46,964		681,917
Brookdale Senior Living *		1		4
Butterfly Network *		1		2
C4 Therapeutics *		16,257		49,096
Cano Health *		1		1
Cara Therapeutics *		21,214		89,099
CareDx *		21,596		174,712
CareMax *		1		3
Caribou Biosciences *		21,517		92,523
Cassava Sciences *		16,475		382,550
Castle Biosciences *		10,917		247,052
Catalyst Pharmaceuticals *		42,460		675,963
Celldex Therapeutics *		19,996		628,674
Celularity *		1		1
Century Therapeutics *		11,130		34,837
Cerevel Therapeutics Holdings *		24,809		720,453
Cerus *		1		2
Chimerix *		1		1
Chinook Therapeutics *		22,795		456,128
Clover Health Investments, Cl A *		1		1
Codexis *		24,978		97,914
Cogent Biosciences *		27,999		301,269
Coherus Biosciences *		41,842		302,518
Collegium Pharmaceutical *		15,029		349,725
Community Health Systems *		68,764		435,964
Computer Programs and Systems *		6,264		162,112
CONMED .		12,787		1,605,664
Corcept Therapeutics *		37,726		849,967
CorVel *		4,001		808,322
Crinetics Pharmaceuticals *		23,907		467,143
Cross Country Healthcare *		15,769		346,603

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

122

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
CryoPort *		19,468	$	409,607
CTI BioPharma *		38,396		186,605
Cue Health *		1		1
Cullinan Oncology *		13,067		127,142
Cutera *		7,348		167,534
Cytek Biosciences *		49,053		563,128
Cytokinetics *		35,563		1,330,056
Day One Biopharmaceuticals *		13,431		166,544
Deciphera Pharmaceuticals *		23,379		332,216
Denali Therapeutics *		47,588		1,182,086
Design Therapeutics *		14,133		91,158
DICE Therapeutics *		15,409		500,793
DocGo *		37,175		315,988
Dynavax Technologies *		54,687		569,292
Dyne Therapeutics *		15,804		163,729
Eagle Pharmaceuticals *		4,884		137,143
Edgewise Therapeutics *		14,557		127,665
Editas Medicine, Cl A *		32,105		261,977
Eiger BioPharmaceuticals *		1		1
Embecta .		25,000		693,750
Emergent BioSolutions *		22,389		197,695
Enanta Pharmaceuticals *		8,484		301,606
Enochian Biosciences *		1		1
Ensign Group		24,061		2,336,083
EQRx *		1		2
Erasca *		1		3
Esperion Therapeutics *		1		1
Evolent Health, Cl A *		35,670		1,298,745
Evolus *		13,915		121,617
EyePoint Pharmaceuticals *		1		6
Fate Therapeutics *		36,790		223,315
FibroGen *		39,282		672,508
Figs, Cl A *		52,803		380,182
Foghorn Therapeutics *		8,145		53,105
Fulcrum Therapeutics *		1		3
Fulgent Genetics *		9,317		275,504
Gelesis Holdings *		1		—
GeneDx Holdings, Cl A *		1		—
Generation Bio *		18,259		89,834

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

123

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Geron *		1	$	2
Glaukos *		19,947		947,682
Gossamer Bio *		1		1
GreenLight Biosciences Holdings PBC *		1		—
Haemonetics *		22,036		1,844,634
Halozyme Therapeutics *		58,049		1,865,114
Harmony Biosciences Holdings *		11,267		363,248
Health Catalyst *		25,818		325,307
HealthEquity *		36,184		1,934,035
HealthStream		10,872		267,886
Heron Therapeutics *		1		2
Heska *		4,135		484,457
HilleVax *		8,001		112,014
Hims & Hers Health *		50,188		581,679
Humacyte *		1		3
Icosavax *		10,198		56,191
Ideaya Biosciences *		19,420		354,609
IGM Biosciences *		4,241		45,930
ImmunityBio *		1		3
ImmunoGen *		88,542		477,241
Immunovant *		19,510		314,891
Inari Medical *		21,958		1,458,450
Inhibrx *		14,411		302,631
Innovage Holding *		13,867		84,727
Innoviva *		27,317		320,428
Inogen *		9,588		127,616
Inotiv *		7,778		43,090
Inovio Pharmaceuticals *		1		1
Insmed *		58,348		1,137,786
Inspire Medical Systems *		12,586		3,368,391
Instil Bio *		1		1
Integer Holdings *		14,451		1,190,040
Intellia Therapeutics *		36,658		1,383,840
Intercept Pharmaceuticals *		10,861		188,113
Intra-Cellular Therapies *		40,880		2,540,692
Invitae *		1		1
Invivyd *		1		1
Iovance Biotherapeutics *		62,340		351,598
iRadimed *		2,967		123,516

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

124

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
iRhythm Technologies *		13,312	$	1,749,197
Ironwood Pharmaceuticals, Cl A *		59,286		617,167
iTeos Therapeutics *		10,236		140,643
IVERIC bio *		59,623		1,961,000
Janux Therapeutics *		7,432		113,858
Joint *		6,430		101,530
Jounce Therapeutics *		1		2
KalVista Pharmaceuticals *		9,401		80,191
Karuna Therapeutics *		14,610		2,899,208
Karyopharm Therapeutics *		1		4
Keros Therapeutics *		8,470		375,687
Kezar Life Sciences *		1		2
Kiniksa Pharmaceuticals, Cl A *		15,634		168,066
Kinnate Biopharma *		1		3
Kodiak Sciences *		13,932		61,022
Kronos Bio *		1		2
Krystal Biotech *		9,549		802,116
Kura Oncology *		29,306		285,440
Kymera Therapeutics *		16,286		513,660
Lantheus Holdings *		29,771		2,543,932
LeMaitre Vascular		8,580		463,320
Lexicon Pharmaceuticals *		1		2
LifeStance Health Group *		29,695		242,014
Ligand Pharmaceuticals *		6,646		507,422
Liquidia *		19,771		132,663
LivaNova *		23,490		1,125,171
Lyell Immunopharma *		1		2
MacroGenics *		44,563		307,039
Madrigal Pharmaceuticals *		5,696		1,777,152
MannKind *		102,986		396,496
MaxCyte *		39,398		196,990
Medpace Holdings *		11,215		2,244,570
MeiraGTx Holdings *		12,489		66,816
Merit Medical Systems *		24,280		1,973,721
Mersana Therapeutics *		42,996		188,323
Mesa Laboratories		2,260		376,313
MiMedx Group *		1		4
Mineralys Therapeutics *		5,236		70,424
MiNK Therapeutics *		—		—

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

125

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Mirum Pharmaceuticals *		9,212	$	247,342
ModivCare *		5,421		344,776
Monte Rosa Therapeutics *		11,946		54,235
Morphic Holding *		11,132		526,098
Multiplan *		1		1
Myriad Genetics *		34,791		740,700
NanoString Technologies *		19,749		193,540
National HealthCare		5,589		323,659
National Research .		6,216		270,583
Nautilus Biotechnology, Cl A *		1		3
Nektar Therapeutics, Cl A *		1		1
Neogen *		94,256		1,623,088
NeoGenomics *		63,547		929,057
Nevro *		15,004		439,167
NextGen Healthcare *		24,910		416,993
NGM Biopharmaceuticals *		21,169		95,472
Nkarta *		13,491		66,780
Nurix Therapeutics *		23,065		222,116
Nutex Health *		1		1
Nuvalent, Cl A *		8,888		314,546
NuVasive *		22,938		987,252
Nuvation Bio *		1		2
Ocugen *		1		1
Ocular Therapeutix *		50,184		311,141
OmniAb *		1		4
Omnicell *		19,412		1,179,667
Oncology Institute *		1		1
OPKO Health *		1		1
OptimizeRx *		7,556		113,567
Option Care Health *		72,832		2,341,549
OraSure Technologies *		39,618		269,402
Organogenesis Holdings, Cl A *		1		2
Orthofix Medical *		15,206		286,329
OrthoPediatrics *		6,472		326,448
Outlook Therapeutics *		1		1
Outset Medical *		21,296		383,115
Owens & Minor *		31,731		493,100
Owlet *		1		—
P3 Health Partners *		1		1

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

126

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Pacific Biosciences of California *		111,603	$	1,182,992
Pacira BioSciences *		19,697		892,471
Paragon 28 *		21,994		405,129
Pardes Biosciences, Cl A *		1		2
Patterson .		38,373		1,040,292
Pear Therapeutics *		1		—
Pediatrix Medical Group *		35,983		515,636
Pennant Group *		11,372		157,730
PepGen *		6,927		104,528
PetIQ, Cl A *		12,030		141,834
Phathom Pharmaceuticals *		12,207		130,615
PhenomeX *		1		1
Phibro Animal Health, Cl A .		8,983		139,775
Phreesia *		21,801		689,784
PMV Pharmaceuticals *		15,492		71,418
Point Biopharma Global, Cl A *		57,504		445,081
Praxis Precision Medicines *		1		1
Precigen *		1		1
Prestige Consumer Healthcare *		21,665		1,333,047
Prime Medicine *		4,440		61,139
Privia Health Group *		22,680		626,648
PROCEPT BioRobotics *		11,411		346,780
Progyny *		34,468		1,145,716
Prometheus Biosciences *		15,178		2,943,773
Protagonist Therapeutics *		20,601		465,583
PTC Therapeutics *		30,525		1,683,149
Pulmonx *		14,391		169,094
Quanterix *		16,471		208,193
Quantum-Si *		1		1
R1 RCM *		65,530		1,021,613
RadNet *		22,583		624,646
Rallybio *		7,262		39,142
RAPT Therapeutics *		16,631		302,684
Reata Pharmaceuticals, Cl A *		12,091		1,195,316
Recursion Pharmaceuticals, Cl A *		66,042		315,020
REGENXBIO *		17,074		330,553
Relay Therapeutics *		37,002		420,713
Relmada Therapeutics *		1		3
Replimune Group *		22,969		384,271

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

127

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Revance Therapeutics *		35,000	$	1,114,050
REVOLUTION Medicines *		37,579		882,731
Rigel Pharmaceuticals *		1		1
Rocket Pharmaceuticals *		23,445		420,134
RxSight *		13,580		243,082
Sage Therapeutics *		24,928		1,217,733
Sana Biotechnology *		36,008		190,482
Sangamo Therapeutics *		1		1
Schrodinger *		23,241		686,074
Science 37 Holdings *		1		—
Seer, Cl A *		18,566		62,010
Select Medical Holdings		46,452		1,416,786
Senseonics Holdings *		1		1
Seres Therapeutics *		50,102		244,247
Sharecare *		1		2
Shockwave Medical *		15,616		4,531,139
SI-BONE *		14,825		327,633
SIGA Technologies *		19,751		115,148
Sight Sciences *		9,061		87,620
Silk Road Medical *		16,227		714,313
Simulations Plus .		6,704		279,892
Singular Genomics Systems *		1		1
SomaLogic *		1		3
SpringWorks Therapeutics *		15,816		369,778
STAAR Surgical *		20,858		1,469,863
Stoke Therapeutics *		9,461		84,108
Supernus Pharmaceuticals *		21,654		798,166
Surgery Partners *		22,302		884,497
Surmodics *		5,882		135,521
Sutro Biopharma *		44,019		187,521
Syndax Pharmaceuticals *		26,469		543,938
Tactile Systems Technology *		8,145		148,483
Talaris Therapeutics *		1		3
Tango Therapeutics *		19,290		65,586
Tarsus Pharmaceuticals *		7,698		114,854
Tenaya Therapeutics *		1		5
Tenon Medical *		1		2
TG Therapeutics *		58,026		1,440,786
Theravance Biopharma *		29,858		323,362

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

128

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Theseus Pharmaceuticals *		5,567	$	57,006
Third Harmonic Bio *		1		5
TransMedics Group *		13,240		1,047,284
Travere Therapeutics *		29,936		645,720
Treace Medical Concepts *		16,277		398,624
Twist Bioscience *		24,734		308,680
Tyra Biosciences *		6,382		90,433
UFP Technologies *		2,989		412,004
US Physical Therapy		6,375		678,683
Utah Medical Products .		1,629		154,494
Vanda Pharmaceuticals *		26,160		160,622
Varex Imaging *		16,527		293,189
Vaxart *		1		1
Vaxcyte *		39,343		1,685,061
VBI Vaccines *		—		—
Ventyx Biosciences *		11,410		429,016
Vera Therapeutics, Cl A *		6,191		41,170
Veracyte *		31,457		712,186
Veradigm *		50,685		633,056
Vericel *		21,320		671,793
Verve Therapeutics *		20,629		328,620
Vicarious Surgical *		1		2
ViewRay *		1		1
Vir Biotechnology *		32,244		810,937
Viridian Therapeutics *		16,468		461,598
VistaGen Therapeutics *		1		—
Xencor *		25,198		666,235
Xeris Biopharma Holdings *		1		2
Y-mAbs Therapeutics *		1		6
Zentalis Pharmaceuticals *		20,477		451,108
Zimvie *		8,673		71,379
Zynex *		9,231		105,603
				162,818,429
Industrials — 11.5%
3D Systems *		56,355		516,212
AAON .		19,052		1,867,096
AAR *		14,766		779,349
ABM Industries .		28,737		1,223,621
ACCO Brands		38,553		176,573

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

129

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
ACV Auctions, Cl A *		51,469	$	670,641
Aerojet Rocketdyne Holdings *		34,462		1,944,001
AeroVironment *		10,824		1,089,869
AerSale *		11,619		187,995
Air Transport Services Group *		25,039		508,542
Alamo Group		4,344		767,715
Albany International, Cl A .		13,561		1,236,899
Alight, Cl A *		166,519		1,540,301
Allegiant Travel *		6,882		715,109
Allied Motion Technologies		5,957		205,040
Alta Equipment Group .		9,163		129,565
Ameresco, Cl A *		13,988		581,901
American Woodmark *		7,051		356,217
API Group *		89,810		2,044,076
Apogee Enterprises .		10,237		435,687
Applied Industrial Technologies		17,200		2,333,352
ArcBest .		10,591		999,790
Archer Aviation, Cl A *		1		2
Arcosa		21,075		1,423,405
Argan		6,449		259,443
Aris Water Solutions, Cl A		9,049		65,786
Array Technologies *		68,835		1,407,676
ASGN *		21,442		1,535,033
Astec Industries .		10,106		417,176
Astra Space *		1		—
Astronics *		11,444		168,685
Atkore *		18,653		2,356,433
AZZ		10,848		409,295
Babcock & Wilcox Enterprises *		23,316		145,026
Barnes Group		21,356		897,593
Barrett Business Services		3,154		263,706
Beacon Roofing Supply *		23,442		1,410,740
Berkshire Grey *		1		1
Bird Global, Cl A *		1		—
Blade Air Mobility *		1		3
Blink Charging *		15,870		113,153
Bloom Energy, Cl A *		77,549		1,291,191
Blue Bird *		7,935		148,384
BlueLinx Holdings *		3,990		279,539

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

130

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Boise Cascade		17,196	$	1,174,659
Brady, Cl A		19,942		1,017,640
BrightView Holdings *		19,038		105,280
Brink's		20,167		1,267,496
Cadre Holdings		9,385		197,648
Caesarstone .		9,231		42,093
Casella Waste Systems, Cl A *		21,682		1,929,698
CBIZ *		20,852		1,098,692
Chart Industries *		19,201		2,555,653
CIRCOR International *		8,213		228,650
Columbus McKinnon .		11,970		415,479
Comfort Systems USA .		15,382		2,299,455
CompX International		1,017		18,408
Concrete Pumping Holdings *		10,860		75,477
Conduent *		69,488		243,903
Construction Partners, Cl A *		17,136		444,508
CoreCivic *		49,413		434,340
Covenant Logistics Group, Cl A		5,292		208,452
CRA International .		3,063		322,044
CSG Systems International .		13,634		718,239
CSW Industrials		6,341		853,942
Custom Truck One Source *		24,435		153,452
Daseke *		16,833		137,694
Deluxe .		18,431		279,230
Desktop Metal, Cl A *		1		2
Distribution Solutions Group *		2,337		109,091
Douglas Dynamics .		9,782		286,710
Ducommun *		4,748		237,400
DXP Enterprises *		7,228		182,146
Dycom Industries *		12,621		1,168,957
Eagle Bulk Shipping .		5,804		259,555
EMCOR Group		20,972		3,586,212
Encore Wire		8,230		1,286,596
Energy Recovery *		24,149		544,077
Energy Vault Holdings *		1		2
Enerpac Tool Group, Cl A		25,913		615,693
EnerSys		17,729		1,470,975
Eneti .		9,437		80,875
Ennis		11,172		217,072

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

131

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Enovix *		48,421	$	523,915
EnPro Industries .		9,072		855,217
ESCO Technologies .		11,227		1,050,510
ESS Tech *		1		1
Evoqua Water Technologies *		52,814		2,611,652
ExlService Holdings *		14,050		2,506,239
Exponent		22,166		2,040,380
Fathom Digital Manufacturing C *		1		—
Federal Signal		25,980		1,334,852
First Advantage *		25,204		324,123
Fluence Energy, Cl A *		16,937		305,882
Fluor *		61,708		1,793,234
Forrester Research *		5,000		154,700
Forward Air .		11,700		1,234,467
Franklin Covey *		5,441		199,793
Franklin Electric .		20,017		1,790,921
Frontier Group Holdings *		16,222		153,947
FTC Solar *		1		3
FuelCell Energy *		1		2
GATX .		15,975		1,819,712
Genco Shipping & Trading .		16,258		250,536
GEO Group *		52,803		397,607
Gibraltar Industries *		14,069		704,013
Global Industrial .		5,678		151,319
GMS *		18,563		1,077,768
Gorman-Rupp		9,825		241,204
GrafTech International		82,229		387,299
Granite Construction .		19,436		741,095
Great Lakes Dredge & Dock *		28,107		161,053
Greenbrier .		13,618		360,196
Griffon		21,335		606,981
H&E Equipment Services		13,743		501,619
Harsco *		32,410		222,657
Hawaiian Holdings *		21,780		181,427
Healthcare Services Group *		31,957		498,849
Heartland Express .		20,219		292,771
Heidrick & Struggles International		8,472		212,732
Heliogen *		1		—
Helios Technologies .		14,249		856,935

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

132

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Herc Holdings		11,033	$	1,103,521
Heritage-Crystal Clean *		6,926		242,133
Hillenbrand		30,914		1,410,297
Hillman Solutions *		55,672		467,645
HireRight Holdings *		9,061		96,047
HNI		18,406		478,188
Hub Group, Cl A *		14,408		1,086,363
Hudson Technologies *		20,735		160,282
Huron Consulting Group *		9,216		781,425
Hydrofarm Holdings Group *		1		2
Hyliion Holdings *		1		1
Hyster-Yale Materials Handling .		4,864		256,138
Hyzon Motors *		1		1
IBEX Holdings *		4,114		84,214
ICF International		8,057		918,498
IES Holdings *		4,002		172,846
Insperity .		15,754		1,929,235
Insteel Industries		8,043		221,424
Interface, Cl A		27,420		214,973
Janus International Group *		37,320		335,880
JELD-WEN Holding *		38,292		489,372
Joby Aviation *		103,978		450,225
John Bean Technologies .		13,748		1,494,545
Kadant .		5,255		976,537
Kaman .		11,908		262,810
KAR Auction Services *		51,286		694,412
Karat Packaging *		2,468		33,466
Kelly Services, Cl A .		15,165		248,858
Kennametal .		35,331		917,193
Kforce		8,608		509,077
Kimball International, Cl B		14,661		180,477
Korn Ferry		23,748		1,140,379
Kratos Defense & Security Solutions *		54,050		697,245
Legalzoom.com *		40,603		380,856
Lightning eMotors *		—		—
Lindsay .		4,831		583,295
Liquidity Services *		10,657		139,287
Manitowoc *		15,417		235,726
Markforged Holding *		1		1

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

133

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Marten Transport .		25,386	$	512,543
Masonite International *		9,960		910,444
Matson .		17,367		1,181,477
Matthews International, Cl A .		13,233		501,134
Maxar Technologies .		31,957		1,684,773
Maximus .		26,285		2,198,740
McGrath RentCorp		10,552		937,862
Microvast Holdings *		1		1
Miller Industries .		4,955		161,533
MillerKnoll		32,658		555,513
Momentus, Cl A *		1		—
Montrose Environmental Group *		11,833		360,433
Moog, Cl A		12,512		1,127,456
MRC Global *		35,535		346,111
Mueller Industries .		24,300		1,745,955
Mueller Water Products, Cl A		67,989		911,053
MYR Group *		7,137		913,465
National Presto Industries		2,302		156,582
NEXTracker, Cl A *		13,346		420,266
Nikola *		1		1
NL Industries		3,258		20,949
Northwest Pipe *		4,289		118,119
NOW *		47,435		506,131
NuScale Power *		14,378		127,533
NV5 Global *		5,921		560,896
Omega Flex .		1,477		162,485
PAM Transportation Services *		3,245		72,850
Park Aerospace .		8,145		106,537
Parsons *		14,721		640,363
PGT Innovations *		24,789		636,086
Pitney Bowes		1		3
Planet Labs PBC *		64,369		262,625
Powell Industries .		4,181		167,491
Preformed Line Products .		1,339		166,411
Primoris Services .		22,811		577,118
Proterra *		1		1
Proto Labs *		11,886		341,960
Quad Graphics *		1		3
Quanex Building Products .		14,485		276,663

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

134

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Radiant Logistics *		15,950	$	105,270
RBC Bearings *		12,558		2,850,792
Red Violet *		3,900		66,690
Redwire *		1		3
Resideo Technologies *		62,962		1,120,724
Resources Connection .		13,731		200,335
REV Group .		14,491		155,488
Rocket Lab USA *		88,202		345,752
Rush Enterprises, Cl A		18,220		967,664
Rush Enterprises, Cl B .		2,921		171,112
Saia *		11,763		3,502,668
Sarcos Technology and Robotics *		1		—
Shoals Technologies Group, Cl A *		71,044		1,484,109
Shyft Group		14,946		374,846
Simpson Manufacturing .		18,570		2,335,735
Skillsoft *		1		1
SkyWest *		21,369		604,743
SP Plus *		9,931		339,342
Spire Global *		1		1
Spirit Airlines *		46,763		799,647
SPX Technologies *		19,110		1,216,925
Standex International		5,121		628,910
Steelcase, Cl A		35,295		282,360
Stem *		67,907		287,247
Sterling Check *		9,977		112,141
Sterling Infrastructure *		12,626		466,152
Sun Country Airlines Holdings *		14,033		276,871
SunPower, Cl A *		35,155		464,749
Tennant .		8,162		623,740
Terex		28,963		1,291,460
Terran Orbital *		1		2
Thermon Group Holdings *		14,348		298,151
Titan International *		21,947		214,203
Titan Machinery *		8,921		279,673
TPI Composites *		15,204		187,921
Transcat *		3,071		234,287
TriNet Group *		16,734		1,552,581
Trinity Industries		35,809		857,626
Triumph Group *		27,685		299,275

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

135

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
TrueBlue *		14,853	$	225,023
TTEC Holdings .		8,333		283,905
TuSimple Holdings, Cl A *		1		1
Tutor Perini *		17,003		90,116
UFP Industries .		25,949		2,037,515
UniFirst		6,714		1,098,948
Universal Logistics Holdings		3,432		87,859
Upwork *		51,547		493,305
V2X *		5,145		222,264
Velo3D *		1		2
Veritiv .		6,132		704,383
Verra Mobility, Cl A *		63,779		1,081,054
Viad *		8,779		167,064
Vicor *		9,482		407,442
View *		1		—
Virgin Galactic Holdings *		132,037		480,615
VSE .		4,679		197,875
Wabash National		21,091		541,406
Watts Water Technologies, Cl A .		11,878		1,921,029
Werner Enterprises		27,539		1,243,937
Wheels Up Experience *		1		—
Willdan Group *		5,110		74,861
Xometry, Cl A *		15,010		208,489
Xos *		1		—
Zurn Elkay Water Solutions .		56,541		1,218,459
				162,262,115
Information Technology — 7.8%
8x8 *		46,188		132,560
908 Devices *		11,175		75,543
A10 Networks		28,192		398,635
ACI Worldwide *		49,474		1,253,176
ACM Research, Cl A *		22,050		206,167
Adeia .		44,483		339,850
ADTRAN Holdings .		33,615		306,569
Advanced Energy Industries .		16,331		1,412,631
Aeva Technologies *		1		1
AEye *		1		—
Agilysys *		8,973		700,253
Akoustis Technologies *		1		3

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

136

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Alarm.com Holdings *		20,951	$	999,153
Alkami Technology *		16,191		194,130
Alpha & Omega Semiconductor *		9,427		225,117
Altair Engineering, Cl A *		22,595		1,560,185
Ambarella *		16,255		1,007,485
American Software, Cl A		17,436		208,186
Amkor Technology		44,188		988,486
Amplitude, Cl A *		25,695		291,638
Appfolio, Cl A *		8,579		1,197,800
Appian, Cl A *		17,572		659,829
Applied Digital *		1		3
Arlo Technologies *		34,752		223,803
Arteris *		3,702		13,771
Asana, Cl A *		32,367		523,698
Atomera *		8,145		64,345
AvePoint *		53,334		231,470
Aviat Networks *		4,839		158,768
Avid Technology *		15,484		456,933
Axcelis Technologies *		14,190		1,678,677
AXT *		16,833		44,944
Badger Meter		12,718		1,682,973
Belden		18,711		1,476,111
Benchmark Electronics		15,071		321,766
BigCommerce Holdings *		26,674		197,121
Blackbaud *		21,352		1,480,868
Blackline *		23,998		1,336,929
Blend Labs, Cl A *		1		1
Box, Cl A *		60,700		1,606,122
Brightcove *		16,833		69,689
C3.ai, Cl A *		31,482		561,009
Calix *		25,117		1,147,847
Cambium Networks *		5,073		76,805
Casa Systems *		1		1
Cepton *		1		—
Cerberus Cyber Sentinel *		1		—
Cerence *		18,060		461,433
CEVA *		9,734		244,615
Cipher Mining *		1		2
Cleanspark *		1		4

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

137

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Clear Secure, Cl A *		28,331	$	685,327
Clearfield *		5,859		255,921
Cohu *		20,449		691,994
CommScope Holding *		95,899		472,782
CommVault Systems *		19,384		1,129,506
CompoSecure *		3,243		24,323
Comtech Telecommunications .		11,670		120,785
Consensus Cloud Solutions *		8,198		306,031
Corsair Gaming *		21,337		371,691
Couchbase *		12,715		195,302
Credo Technology Group Holding *		42,942		348,260
CS Disco *		9,381		55,160
CTS .		13,645		535,020
Cvent Holding, Cl A *		34,758		292,315
Cyxtera Technologies *		1		—
Diebold Nixdorf *		1		1
Digi International *		14,962		451,254
Digimarc *		5,918		100,843
Digital Turbine *		42,333		496,566
DigitalOcean Holdings *		32,291		1,018,458
Diodes *		19,335		1,541,000
Domo, Cl B *		13,879		220,399
DZS *		7,059		48,001
E2open Parent Holdings *		81,823		514,667
Eastman Kodak *		19,992		65,774
Ebix .		11,454		186,242
Edgio *		1		1
eGain *		8,688		63,770
Enfusion, Cl A *		13,916		116,616
EngageSmart *		15,723		269,964
Envestnet *		23,896		1,514,528
ePlus *		11,669		508,068
Everbridge *		17,541		460,977
EverCommerce *		11,639		140,483
Evolv Technologies Holdings *		1		4
Extreme Networks *		62,219		1,106,254
FARO Technologies *		7,967		186,029
Fastly, Cl A *		62,068		917,365
Focus Universal *		1		2

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

138

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
ForgeRock, Cl A *		19,681	$	394,210
FormFactor *		33,596		917,507
Greenidge Generation Holdings *		1		—
Grid Dynamics Holdings *		22,933		249,282
Hackett Group .		11,682		216,818
Harmonic *		41,650		586,848
Ichor Holdings *		12,094		336,818
Identiv *		8,858		48,719
Impinj *		10,370		916,812
Infinera *		103,987		658,238
Information Services Group		14,756		75,108
Inseego *		1		1
Insight Enterprises *		14,260		1,724,747
Instructure Holdings *		7,265		192,740
Intapp *		6,294		253,774
InterDigital		13,103		887,597
IonQ *		49,121		270,657
IronNet *		1		—
Itron *		19,651		1,049,363
Kimball Electronics *		10,579		212,955
Knowles *		38,547		650,673
Latch *		1		1
Lightwave Logic *		46,256		208,152
LivePerson *		30,368		140,604
LiveRamp Holdings *		28,895		696,081
LiveVox Holdings *		1		3
MACOM Technology Solutions Holdings *		24,972		1,456,866
Marathon Digital Holdings *		50,182		505,333
Matterport *		1		2
MaxLinear, Cl A *		31,854		768,637
MeridianLink *		10,014		149,609
Methode Electronics		15,615		640,059
MicroStrategy, Cl A *		4,361		1,432,065
MicroVision *		1		2
Mirion Technologies, Cl A *		56,698		459,254
Mitek Systems *		17,749		160,096
Model N *		16,087		495,480
Momentive Global *		54,673		513,379
N-able *		31,448		400,962

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

139

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Napco Security Technologies *		13,870	$	429,970
NETGEAR *		12,489		176,470
NetScout Systems *		29,782		810,368
NextNav *		1		2
nLight *		21,409		187,757
Novanta *		15,480		2,365,963
Olo, Cl A *		37,285		255,402
ON24 *		17,331		150,780
Ondas Holdings *		1		1
OneSpan *		19,473		287,032
Onto Innovation *		22,633		1,832,820
OSI Systems *		7,017		792,640
Ouster *		—		—
PagerDuty *		37,549		1,128,723
PAR Technology *		12,379		378,674
PC Connection		4,792		192,974
PDF Solutions *		13,056		470,669
Perficient *		14,885		966,334
PFSweb *		6,766		27,199
Photronics *		26,355		381,093
Plexus *		12,740		1,114,368
Porch Group *		1		1
Power Integrations .		24,647		1,793,809
PowerSchool Holdings, Cl A *		25,754		537,744
Progress Software .		18,658		1,023,951
PROS Holdings *		18,009		510,915
Q2 Holdings *		24,400		600,728
Qualys *		16,811		1,898,634
Rackspace Technology *		1		1
Rambus *		47,807		2,119,762
Rapid7 *		25,705		1,249,520
Ribbon Communications *		1		3
Rigetti Computing *		1		—
Rimini Street *		18,972		70,955
Riot Platforms *		92,389		1,104,972
Rockley Photonics Holdings *(B)		1		—
Rogers *		8,120		1,306,914
Sanmina *		26,208		1,369,630
ScanSource *		10,823		296,009

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

140

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
SecureWorks, Cl A *		3,801	$	34,475
Semtech *		27,729		540,438
Silicon Laboratories *		14,325		1,995,472
SiTime *		7,095		769,595
SkyWater Technology *		8,716		78,793
SMART Global Holdings *		20,931		322,756
SmartRent, Cl A *		1		3
SolarWinds *		19,934		171,831
SoundThinking *		3,947		117,423
Sprout Social, Cl A *		22,319		1,099,434
SPS Commerce *		15,803		2,327,782
Squarespace, Cl A *		14,625		454,837
Sumo Logic *		49,874		598,488
Super Micro Computer *		20,447		2,155,727
Synaptics *		17,955		1,590,095
Telos *		1		2
Tenable Holdings *		48,543		1,795,606
Terawulf *		1		2
Transphorm *		1		3
TTM Technologies *		43,575		514,621
Tucows, Cl A *		4,255		95,269
Turtle Beach *		6,960		75,655
Ultra Clean Holdings *		19,413		554,047
Unisys *		27,150		87,151
Upland Software *		11,946		43,842
Varonis Systems, Cl B *		47,402		1,097,830
Veeco Instruments *		22,298		410,729
Verint Systems *		28,348		1,034,419
Veritone *		12,286		58,481
Viant Technology, Cl A *		5,227		23,103
Viavi Solutions *		99,736		893,635
Vishay Intertechnology		56,286		1,198,329
Vishay Precision Group *		5,452		204,668
Weave Communications *		18,813		83,342
WM Technology *		1		1
Workiva, Cl A *		21,809		2,037,397
Xerox Holdings .		51,039		799,781
Xperi *		17,793		168,856
Yext *		47,751		419,254

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

141

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Zeta Global Holdings, Cl A *		46,142	$	448,039
Zuora, Cl A *		55,764		434,402
				109,866,640
Materials — 3.0%
5E Advanced Materials *		14,391		60,730
AdvanSix .		11,582		436,410
Alpha Metallurgical Resources .		7,727		1,132,469
Alto Ingredients *		1		1
American Vanguard		12,698		244,437
Amyris *		1		1
Arconic *		45,175		1,118,081
Aspen Aerogels *		13,451		84,203
ATI *		53,865		2,080,266
Avient .		39,544		1,522,840
Balchem .		13,837		1,818,182
Cabot .		24,145		1,732,645
Carpenter Technology .		20,825		1,098,311
Century Aluminum *		23,105		198,472
Chase .		3,301		360,898
Clearwater Paper *		7,291		263,205
Coeur Mining *		1		3
Commercial Metals		52,333		2,443,428
Compass Minerals International		15,031		491,965
Constellium, Cl A *		54,345		807,023
Dakota Gold *		1		3
Danimer Scientific *		1		3
Diversey Holdings *		32,386		263,298
Ecovyst *		35,883		407,272
Eightco Holdings *		1		2
FutureFuel		10,690		80,175
Glatfelter *		1		5
Greif, Cl A		11,092		696,467
Greif, Cl B		2,562		201,732
Hawkins .		8,416		339,502
Haynes International .		5,345		251,269
HB Fuller .		23,515		1,555,988
Hecla Mining		261,889		1,584,429
Hycroft Mining Holding *		1		—
Ingevity *		16,683		1,196,838

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

142

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
Innospec		10,777	$	1,095,267
Intrepid Potash *		4,844		124,878
Ivanhoe Electric *		21,410		254,993
Kaiser Aluminum		6,979		458,660
Koppers Holdings .		8,967		294,207
Kronos Worldwide .		9,880		91,884
Livent *		70,048		1,530,549
LSB Industries *		31,613		282,304
Materion		8,936		967,858
Mativ Holdings		23,562		456,396
Minerals Technologies		14,092		835,092
Myers Industries .		15,525		294,199
O-I Glass *		67,657		1,520,253
Olympic Steel		4,186		194,942
Origin Materials *		44,035		173,938
Pactiv Evergreen		17,919		141,560
Perimeter Solutions *		54,482		407,525
Piedmont Lithium *		8,891		511,233
PureCycle Technologies *		43,998		289,067
Quaker Chemical .		6,097		1,137,883
Ramaco Resources .		9,303		75,633
Ranpak Holdings, Cl A *		16,427		67,022
Rayonier Advanced Materials *		33,362		181,489
Ryerson Holding .		9,456		357,153
Schnitzer Steel Industries, Cl A .		11,153		322,210
Sensient Technologies .		18,244		1,358,448
Stepan .		9,311		858,474
Summit Materials, Cl A *		51,675		1,416,412
SunCoke Energy .		34,209		266,146
Sylvamo .		15,510		710,668
TimkenSteel *		19,789		331,268
Tredegar		14,086		132,127
TriMas .		18,403		467,620
Trinseo		16,171		293,019
Tronox Holdings, Cl A		50,293		688,511
United States Lime & Minerals		1,086		174,737
Valhi .		1,238		19,226
Warrior Met Coal .		22,469		776,753

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

143

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
Worthington Industries .		13,943	$	828,075
				42,858,232
Real Estate — 4.4%
Acadia Realty Trust ‡		40,066		541,292
Agree Realty ‡		39,210		2,665,888
Alexander & Baldwin ‡		31,743		610,418
Alexander's ‡		1,086		202,072
American Assets Trust ‡		21,171		385,312
American Realty Investors *		597		11,122
Anywhere Real Estate *		47,614		303,301
Apartment Investment and Management, Cl A ‡
*		62,105		486,282
Apple Hospitality REIT ‡		93,508		1,392,334
Armada Hoffler Properties ‡		29,002		339,904
Ashford Hospitality Trust ‡ *		1		3
Bluerock Homes Trust ‡ *		1,492		29,482
Braemar Hotels & Resorts ‡		25,066		95,251
Brandywine Realty Trust ‡		69,877		274,617
Broadstone Net Lease, Cl A ‡		74,671		1,207,430
BRT Apartments ‡		5,263		91,208
CareTrust REIT ‡		43,745		852,590
CBL & Associates Properties ‡		11,506		266,134
Centerspace ‡		6,501		366,526
Chatham Lodging Trust ‡		20,787		212,859
City Office REIT ‡		17,733		103,206
Clipper Realty ‡		4,887		25,657
Community Healthcare Trust ‡		10,279		367,885
Compass, Cl A *		1		2
Corporate Office Properties Trust ‡		49,025		1,122,182
CTO Realty Growth ‡		10,455		176,062
Cushman & Wakefield *		70,065		690,140
DiamondRock Hospitality ‡		88,446		717,297
DigitalBridge Group		71,187		884,854
Diversified Healthcare Trust ‡		1		1
Doma Holdings *		1		—
Douglas Elliman .		30,205		96,354
Easterly Government Properties, Cl A ‡		39,196		551,488
Elme Communities ‡		38,221		658,548
Empire State Realty Trust, Cl A ‡		58,337		356,439

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

144

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Equity Commonwealth ‡ *		45,930	$	951,670
Essential Properties Realty Trust ‡		61,088		1,511,928
eXp World Holdings		30,921		361,467
Farmland Partners ‡		23,223		242,448
Forestar Group *		7,939		153,540
Four Corners Property Trust ‡		36,627		934,355
Franklin Street Properties ‡		1		1
FRP Holdings *		2,952		171,216
Getty Realty ‡		18,141		604,640
Gladstone Commercial ‡		16,943		202,299
Gladstone Land ‡		13,603		219,144
Global Medical REIT ‡		28,630		265,686
Global Net Lease ‡		44,824		504,718
Hersha Hospitality Trust, Cl A ‡		13,405		84,452
Independence Realty Trust ‡		97,555		1,624,291
Indus Realty Trust ‡		2,498		166,292
Industrial Logistics Properties Trust ‡		1		2
Innovative Industrial Properties, Cl A ‡		12,176		834,665
InvenTrust Properties ‡		29,630		668,157
Kennedy-Wilson Holdings		51,531		864,690
Kite Realty Group Trust ‡		94,557		1,959,221
LTC Properties ‡		17,920		599,424
LXP Industrial Trust ‡		118,423		1,113,176
Macerich ‡		93,786		936,922
Marcus & Millichap .		11,849		372,888
National Health Investors ‡		18,564		923,930
Necessity Retail REIT ‡		52,589		289,765
NETSTREIT ‡		26,555		483,832
Newmark Group, Cl A		66,614		422,333
NexPoint Residential Trust ‡		10,229		439,131
Offerpad Solutions *		1		1
Office Properties Income Trust ‡		20,542		133,934
One Liberty Properties ‡		7,069		155,659
Orion Office REIT ‡		23,633		145,107
Outfront Media ‡		63,758		1,062,208
Paramount Group ‡		76,766		332,397
Pebblebrook Hotel Trust ‡		57,218		814,212
Phillips Edison ‡		50,697		1,598,983
Physicians Realty Trust ‡		101,740		1,467,091

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

145

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Piedmont Office Realty Trust, Cl A ‡		50,702	$	330,070
Plymouth Industrial REIT ‡		17,374		351,650
Postal Realty Trust, Cl A ‡		7,799		119,871
PotlatchDeltic ‡		34,579		1,598,587
RE/MAX Holdings, Cl A		8,170		157,763
Redfin *		42,897		319,583
Retail Opportunity Investments ‡		51,789		674,811
RLJ Lodging Trust ‡		69,770		704,677
RMR Group, Cl A .		6,799		161,476
RPT Realty ‡		38,494		357,994
Ryman Hospitality Properties ‡		24,308		2,179,455
Sabra Health Care REIT ‡		101,067		1,152,164
Safehold ‡		21,188		587,331
Saul Centers ‡		5,174		186,419
Service Properties Trust ‡		67,705		593,773
SITE Centers ‡		86,001		1,061,252
St. Joe .		14,831		609,554
STAG Industrial ‡		78,595		2,662,013
Star Holdings *		4,385		70,774
Stratus Properties *		2,367		50,654
Summit Hotel Properties ‡		42,897		276,257
Sunstone Hotel Investors ‡		91,604		872,986
Tanger Factory Outlet Centers ‡		44,256		867,860
Tejon Ranch *		9,310		160,877
Terreno Realty ‡		35,727		2,200,426
Transcontinental Realty Investors *		700		25,515
UMH Properties ‡		22,462		341,422
Uniti Group ‡		100,452		343,546
Universal Health Realty Income Trust ‡		5,622		244,557
Urban Edge Properties ‡		48,989		718,669
Urstadt Biddle Properties, Cl A ‡		12,950		222,999
Veris Residential ‡ *		37,541		613,795
Whitestone REIT ‡		19,005		170,095
Xenia Hotels & Resorts ‡		50,014		633,177
				61,322,067
Utilities — 2.2%
ALLETE .		24,914		1,554,135
Altus Power, Cl A *		42,422		192,596
American States Water .		16,050		1,424,438

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

146

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Utilities — continued
Artesian Resources, Cl A .		3,576	$	195,893
Avista		32,227		1,420,244
Black Hills .		28,909		1,887,469
California Water Service Group .		24,613		1,380,297
Chesapeake Utilities		7,621		941,194
Clearway Energy, Cl A .		14,893		431,599
Clearway Energy, Cl C .		35,719		1,084,786
Global Water Resources		5,430		59,567
MGE Energy .		15,852		1,214,422
Middlesex Water .		7,610		555,378
Montauk Renewables *		27,801		184,877
New Jersey Resources .		41,785		2,157,777
Northwest Natural Holding		15,526		729,101
NorthWestern		25,334		1,485,079
ONE Gas		23,351		1,796,860
Ormat Technologies .		22,851		1,960,844
Otter Tail .		17,896		1,287,617
PNM Resources .		37,116		1,786,393
Portland General Electric		38,857		1,966,941
Pure Cycle *		8,145		80,391
SJW Group		11,832		898,286
Southwest Gas Holdings		29,224		1,636,544
Spire .		22,221		1,505,028
Sunnova Energy International *		42,615		765,365
Unitil		7,036		391,131
Via Renewables, Cl A		977		10,116
York Water .		6,145		258,336
				31,242,704
TOTAL UNITED STATES				959,216,605
TOTAL COMMON STOCK
(Cost $1,013,891,027)				986,428,346
EXCHANGE TRADED FUND — 31.3%(A)(C)
Vanguard Russell 2000 ETF(D)
(Cost $446,206,753)		6,226,170		440,688,313

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

147

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Number of
	Rights	Value
RIGHTS — 0.0%(A)
United States — 0.0%
CinCor Pharma# *(B)	15,984	$	48,911
TOTAL RIGHTS (Cost $–) .			48,911
TOTAL INVESTMENTS — 101.3%
(Cost $1,460,097,780)		$	1,427,165,570
WRITTEN OPTIONS— (1.5)%
(Premiums Received  $(36,075,000))		$	(20,933,865	)

Percentages are based on Net Assets of $1,408,157,729.

A list of the exchange traded option contracts held by the Fund at April 30, 2023, is as follows:

	Number of	Notional	Exercise	Expiration
Description	Contracts	Amount	Price	Date	Value
WRITTEN OPTIONS — (1.5)%
Call Options
Russell 2000 Index	(8,059)	$(1,434,502,000)	$1,768.99	05/19/23	$ (20,933,865)

*	Non-income producing security.
‡	Real Estate Investment Trust
#	Expiration date not available.
(A)	All or a portion of these securities has been segregated as collateral for options
	contracts. The aggregate market value of collateral at April 30, 2023 was
	$1,427,165,570.
(B)	Level 3 security in accordance with fair value hierarchy.
(C)	For financial information on the Vanguard Russell 2000 ETF, please go to the
	Securities Exchange Commission’s website at http://www.sec.gov.
(D)	Affiliated investment.

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

148

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call ETF

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments and other financial instruments carried at value:

Investments in Securities	Level 1		Level 2		Level 3(1)		Total
Common Stock	$	986,428,250	$	—	$	96	$	986,428,346
Exchange Traded Fund		440,688,313		—		—		440,688,313
Rights		—		—		48,911		48,911
Total Investments in Securities	$	1,427,116,563	$	—	$	49,007	$	1,427,165,570

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(20,933,865	)	$	—	$	—	$	(20,933,865	)
Total Other Financial Instruments	$	(20,933,865	)	$	—	$	—	$	(20,933,865	)

(1) A reconciliation of Level 3 investments and disclosures of significant unobservable inputs are presented when the Fund has a significant amount of Level 3 investments at the end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets.

The following is a summary of the transactions with affiliates for the period ended April 30, 2023:

Value at 10/31/22	Purchases at Cost	Proceeds from Sales	Realized Gain (Loss)	Changes in Unrealized Appreciation (Depreciation)	Value at 4/30/23	Income
Vanguard Russell 2000 ETF
$444,049,022	$332,951,329	$(321,289,212)	$(5,681,359)	$(9,341,467)	$440,688,313	$3,600,187

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

See "Glossary" for abbreviations.

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

149

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — 99.0%
AUSTRALIA — 8.9%
Communication Services — 0.1%
REA Group		54	$	5,028
Telstra Group		4,678		13,509
				18,537
Consumer Discretionary — 0.7%
Aristocrat Leisure .		810		20,293
Flutter Entertainment *		184		36,788
Wesfarmers		1,378		47,326
				104,407
Consumer Staples — 0.7%
Coles Group .		2,812		33,821
Endeavour Group		2,877		12,910
Woolworths Group		2,430		62,356
				109,087
Energy — 0.4%
Santos .		3,666		17,129

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

150

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Woodside Energy Group		2,087	$	46,451
				63,580
Financials — 2.6%
ANZ Group Holdings		3,331		53,602
ASX		218		9,864
Commonwealth Bank of Australia		1,921		126,137
Macquarie Group .		418		50,441
National Australia Bank		3,553		67,716
QBE Insurance Group .		1,697		17,192
Suncorp Group		1,437		11,852
Westpac Banking .		3,955		58,729
				395,533
Health Care — 0.8%
Cochlear		313		51,016
EBOS Group .		737		20,166
Sonic Healthcare		2,283		53,469
				124,651
Industrials — 0.4%
Brambles		1,908		17,968
Computershare		687		10,170
Transurban Group .		4,215		41,754
				69,892
Information Technology — 0.1%
WiseTech Global		224		10,149
Materials — 2.8%
BHP Group		5,895		172,970
Fortescue Metals Group		1,986		27,483
Glencore		13,979		82,404
Newcrest Mining .		1,016		19,418
Rio Tinto .		433		32,120
Rio Tinto PLC .		1,234		78,310
South32		5,476		15,344
				428,049

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

151

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — 0.2%
Goodman Group ‡		1,923	$	24,540
Scentre Group ‡		5,899		11,227
				35,767
Utilities — 0.1%
APA Group		1,311		8,906
TOTAL AUSTRALIA				1,368,558
AUSTRIA — 0.3%
Communication Services — 0.0%
Telekom Austria, Cl A .		164		1,282
Energy — 0.1%
OMV		164		7,756
Financials — 0.1%
BAWAG Group		96		4,680
Erste Group Bank		374		13,588
Raiffeisen Bank International		162		2,488
				20,756
Industrials — 0.1%
ANDRITZ		106		6,887
Strabag		21		917
				7,804
Utilities — 0.0%
EVN		76		1,833
Verbund		43		3,841
				5,674
TOTAL AUSTRIA				43,272
BELGIUM — 1.6%
Consumer Discretionary — 0.0%
D'ieteren Group .		31		5,835
Consumer Staples — 0.8%
Anheuser-Busch InBev		1,980		129,187

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

152

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Financials — 0.2%
Groupe Bruxelles Lambert		106	$	9,514
KBC Group .		379		27,105
				36,619
Health Care — 0.4%
UCB		585		54,522
Materials — 0.1%
Solvay		97		11,657
Utilities — 0.1%
Elia Group		51		7,004
TOTAL BELGIUM				244,824
BRAZIL — 0.0%
Materials — 0.0%
Yara International		171		6,858
CHINA — 1.1%
Consumer Discretionary — 0.7%
Chow Tai Fook Jewellery Group .		2,200		4,400
Prosus .		1,412		105,799
				110,199
Consumer Staples — 0.2%
Budweiser Brewing APAC		3,500		10,077
Wilmar International .		6,012		17,709
				27,786
Financials — 0.1%
BOC Hong Kong Holdings		4,700		14,789
Health Care — 0.0%
China Evergrande New Energy Vehicle Group
*(A)		5,700		70
Utilities — 0.1%
ENN Energy Holdings		900		12,267
TOTAL CHINA				165,111

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

153

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
DENMARK — 1.3%
Health Care — 0.5%
Coloplast, Cl B .		561	$	80,852
Industrials — 0.7%
AP Moller - Maersk, Cl A .		4		7,139
AP Moller - Maersk, Cl B		7		12,644
DSV		239		44,977
Vestas Wind Systems *		1,376		38,003
				102,763
Utilities — 0.1%
Orsted .		218		19,587
TOTAL DENMARK				203,202
FINLAND — 1.0%
Energy — 0.2%
Neste		486		23,576
Financials — 0.4%
Nordea Bank Abp		3,634		40,325
Sampo, Cl A .		543		27,551
				67,876
Industrials — 0.2%
Kone, Cl B .		527		30,079
Information Technology — 0.2%
Nokia .		6,225		26,404
TOTAL FINLAND				147,935
FRANCE — 11.8%
Communication Services — 0.0%
Adevinta, Cl B *		326		2,500
Consumer Discretionary — 3.0%
Christian Dior		4		3,674
Hermes International		44		95,539
Kering		91		58,239

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

154

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
LVMH Moet Hennessy Louis Vuitton		318	$	305,783
				463,235
Consumer Staples — 2.7%
Danone		1,271		84,177
L'Oreal .		502		239,833
Pernod Ricard		409		94,551
				418,561
Energy — 1.1%
TotalEnergies		2,630		168,230
Financials — 1.2%
AXA .		2,271		74,137
BNP Paribas .		1,283		82,988
Credit Agricole .		1,540		18,845
				175,970
Health Care — 1.9%
EssilorLuxottica		1,442		285,598
Industrials — 0.6%
Vinci .		712		88,194
Information Technology — 0.4%
Capgemini		175		31,859
Dassault Systemes		803		32,508
				64,367
Materials — 0.7%
Air Liquide		608		109,531
Utilities — 0.2%
Engie		2,036		32,628
TOTAL FRANCE				1,808,814
GERMANY — 8.3%
Communication Services — 0.6%
Deutsche Telekom		3,937		95,100

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

155

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — 1.1%
adidas		216	$	38,021
Bayerische Motoren Werke		384		43,004
Mercedes-Benz Group		962		74,959
Volkswagen .		43		7,213
				163,197
Consumer Staples — 0.3%
Beiersdorf		191		26,695
Henkel & KGaA .		212		15,681
				42,376
Financials — 1.4%
Allianz .		456		114,504
Deutsche Boerse .		216		41,230
Muenchener Rueckversicherungs-Gesellschaft
in Muenchen .		159		59,770
				215,504
Health Care — 0.9%
BioNTech ADR		439		50,151
Siemens Healthineers .		1,335		83,154
				133,305
Industrials — 1.6%
Daimler Truck Holding		718		23,733
Deutsche Post .		1,361		65,390
Hapag-Lloyd .		5		1,552
Siemens		999		164,221
				254,896
Information Technology — 1.5%
Infineon Technologies		1,494		54,273
SAP .		1,256		170,360
				224,633
Materials — 0.4%
BASF		1,071		55,395
Real Estate — 0.1%
Vonovia		868		18,806

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

156

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Utilities — 0.4%
E.ON		2,535	$	33,597
RWE .		768		36,077
				69,674
TOTAL GERMANY				1,272,886
HONG KONG — 2.5%
Financials — 1.7%
AIA Group .		13,165		142,469
Hang Seng Bank .		680		10,057
Hong Kong Exchanges & Clearing		1,394		57,537
Prudential		3,042		46,321
				256,384
Industrials — 0.2%
MTR .		1,900		9,476
Techtronic Industries .		2,432		26,148
				35,624
Real Estate — 0.4%
CK Asset Holdings		2,000		11,796
Henderson Land Development		1,700		6,042
Link REIT ‡		3,100		20,220
Sun Hung Kai Properties .		1,590		22,078
				60,136
Utilities — 0.2%
CK Infrastructure Holdings		800		4,545
CLP Holdings .		1,800		13,391
Hong Kong & China Gas		11,110		9,851
				27,787
TOTAL HONG KONG				379,931
IRELAND — 0.3%
Materials — 0.3%
CRH		862		41,663
ISRAEL — 0.7%
Communication Services — 0.0%
Bezeq The Israeli Telecommunication .		2,233		3,019

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

157

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — 0.0%
Global-e Online, Cl E *		98	$	2,732
Consumer Staples — 0.0%
Strauss Group *		107		2,371
Energy — 0.0%
Delek Group		8		857
Financials — 0.3%
Bank Hapoalim		1,382		11,770
Bank Leumi Le-Israel		1,717		13,447
First International Bank of Israel		57		2,050
Israel Discount Bank, Cl A		1,385		6,799
Mizrahi Tefahot Bank		162		5,257
Phoenix Holdings		253		2,689
				42,012
Industrials — 0.0%
Ashtrom Group		80		1,253
Shapir Engineering and Industry .		197		1,396
ZIM Integrated Shipping Services		98		1,673
				4,322
Information Technology — 0.3%
Check Point Software Technologies *		114		14,519
Nice *		72		14,754
Nova *		45		4,111
Tower Semiconductor *		102		4,477
Wix.com *		56		4,885
				42,746
Materials — 0.0%
Israel		2		578
Real Estate — 0.1%
Airport City *		92		1,170
Alony Hetz Properties & Investments		215		1,676
Amot Investments .		90		474
Azrieli Group		52		3,003
Big Shopping Centers *		1		84

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

158

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Melisron		11	$	728
Mivne Real Estate KD		553		1,536
				8,671
TOTAL ISRAEL				107,308
ITALY — 2.0%
Consumer Discretionary — 0.3%
Ferrari .		161		44,845
PRADA		600		4,402
				49,247
Consumer Staples — 0.1%
Davide Campari-Milano .		1,143		14,739
Energy — 0.3%
Eni		2,781		42,203
Financials — 0.8%
Assicurazioni Generali .		1,360		28,347
Intesa Sanpaolo		19,206		50,560
UniCredit .		2,217		43,909
				122,816
Utilities — 0.5%
Enel .		8,644		59,157
Snam		2,354		13,098
Terna - Rete Elettrica Nazionale		1,599		13,875
				86,130
TOTAL ITALY				315,135
JAPAN — 25.1%
Communication Services — 1.8%
Dentsu Group .		280		10,025
KDDI		1,753		54,689
Konami Group		110		5,405
Nexon .		518		11,679
Nintendo .		1,274		53,527
Nippon Telegraph & Telephone		1,321		40,251
SoftBank .		3,102		34,889
SoftBank Group		1,341		50,168

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

159

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Toho		164	$	6,492
Z Holdings .		2,963		8,064
				275,189
Consumer Discretionary — 4.1%
Aisin .		216		6,305
Bandai Namco Holdings		810		18,310
Bridgestone .		754		30,112
Denso		613		36,695
Fast Retailing		229		53,834
Honda Motor .		2,094		55,178
Isuzu Motors		785		9,172
Nissan Motor		2,883		10,421
Nitori Holdings		106		13,518
Oriental Land		1,380		48,637
Pan Pacific International Holdings		667		12,413
Panasonic Holdings		2,849		26,646
Rakuten Group		1,126		5,582
Sekisui House		819		16,781
Shimano .		108		16,672
Subaru		762		12,283
Sumitomo Electric Industries		966		12,231
Suzuki Motor		610		21,051
Toyota Motor		15,332		209,096
Yamaha .		214		8,377
ZOZO .		174		3,649
				626,963
Consumer Staples — 2.6%
Aeon .		1,827		37,133
Asahi Group Holdings		1,013		39,005
Japan Tobacco .		2,198		47,192
Kao		972		39,297
Kirin Holdings		1,726		28,001
Kobe Bussan		302		8,439
Nissin Foods Holdings .		168		16,187
Seven & i Holdings		1,595		71,981
Shiseido .		799		39,907
Suntory Beverage & Food .		274		10,283
Unicharm .		925		37,200

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

160

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Yakult Honsha .		323	$	24,267
				398,892
Energy — 0.2%
ENEOS Holdings		3,589		12,705
Idemitsu Kosan		250		5,291
Inpex		1,173		12,689
				30,685
Financials — 2.4%
Dai-ichi Life Holdings		1,120		20,682
Japan Exchange Group		607		9,805
Japan Post Bank		1,429		11,387
Mitsubishi UFJ Financial Group .		13,836		86,665
Mizuho Financial Group		2,860		41,273
MS&AD Insurance Group Holdings		545		17,791
Nomura Holdings		3,389		12,093
ORIX .		1,313		22,178
Resona Holdings		2,720		13,478
Sompo Holdings .		395		16,399
Sumitomo Mitsui Financial Group .		1,532		62,432
Sumitomo Mitsui Trust Holdings .		434		15,583
Tokio Marine Holdings		2,344		46,823
				376,589
Health Care — 4.2%
Eisai		1,403		80,709
Hoya .		1,689		176,262
Kyowa Kirin		1,173		26,016
M3		2,070		50,471
Otsuka Holdings .		2,640		89,205
Shionogi		1,310		58,426
Sysmex .		804		51,406
Terumo		3,540		105,447
				637,942
Industrials — 5.1%
ANA Holdings *		204		4,431
Central Japan Railway		271		33,525
Daifuku .		486		8,887

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

161

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Daikin Industries		394	$	71,239
East Japan Railway .		485		27,797
FANUC		1,325		44,655
Hankyu Hanshin Holdings		329		10,233
ITOCHU .		1,995		65,814
Japan Airlines .		193		3,665
Komatsu		1,277		31,361
Kubota .		1,537		23,117
Marubeni		2,290		32,290
MINEBEA MITSUMI		547		10,043
MISUMI Group .		380		9,516
Mitsubishi Electric .		2,899		35,747
Mitsui .		2,126		66,029
Mitsui OSK Lines .		470		11,598
MonotaRO		328		4,933
NIDEC		707		34,809
Nippon Yusen .		678		15,949
Recruit Holdings		2,272		63,806
Secom .		277		17,694
SG Holdings		682		9,787
SMC .		86		42,790
Sumitomo		1,660		29,588
Tokyu		848		11,945
Toshiba		574		18,548
Toyota Industries		266		15,335
West Japan Railway .		308		13,325
Yaskawa Electric		363		14,689
				783,145
Information Technology — 3.0%
Advantest .		222		17,184
Canon .		1,234		29,345
Disco		111		12,562
Fujitsu		217		28,781
Keyence .		231		103,654
Kyocera		393		20,524
Lasertec		90		12,162
Murata Manufacturing		759		43,924
NEC		324		12,397
Nomura Research Institute		514		12,910

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

162

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
NTT Data .		772	$	10,426
Obic		74		11,364
Omron		227		13,240
Oracle Japan *		52		3,723
Renesas Electronics *		1,622		21,108
Rohm .		110		8,224
Shimadzu .		326		10,127
TDK		438		14,942
TIS		250		6,830
Tokyo Electron .		543		61,791
Trend Micro		160		7,779
				462,997
Materials — 1.0%
Asahi Kasei .		1,633		11,486
Mitsubishi Chemical Group .		1,560		9,102
Nippon Paint Holdings .		1,199		10,769
Nippon Sanso Holdings		267		4,785
Nippon Steel		1,092		23,201
Nitto Denko		172		11,065
Shin-Etsu Chemical		2,350		66,670
Sumitomo Metal Mining		326		11,992
Toray Industries .		1,953		11,011
				160,081
Real Estate — 0.5%
Daiwa House Industry .		764		19,397
Mitsubishi Estate .		1,509		18,529
Mitsui Fudosan .		1,084		21,423
Nippon Building Fund ‡		2		8,372
Sumitomo Realty & Development		550		12,764
				80,485
Utilities — 0.2%
Chubu Electric Power		875		9,761
Osaka Gas .		487		8,062
Tokyo Gas .		447		9,162
				26,985
TOTAL JAPAN				3,859,953

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

163

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
LUXEMBOURG — 0.1%
Materials — 0.1%
ArcelorMittal		652	$	18,506
MACAO — 0.2%
Consumer Discretionary — 0.2%
Galaxy Entertainment Group *		2,120		14,989
Sands China *		3,400		12,062
TOTAL MACAO				27,051
NETHERLANDS — 6.4%
Communication Services — 0.1%
Universal Music Group .		835		18,262
Consumer Staples — 0.8%
Heineken		490		56,287
Koninklijke Ahold Delhaize		1,986		68,451
				124,738
Energy — 1.6%
Shell		8,009		246,830
Financials — 0.8%
Adyen *		36		57,708
EXOR .		132		10,854
ING Groep .		4,218		52,155
				120,717
Health Care — 0.7%
Argenx *		263		101,245
Industrials — 0.3%
Wolters Kluwer		340		45,099
Information Technology — 1.9%
ASML Holding .		465		294,411
Materials — 0.2%
Koninklijke DSM		212		27,793
TOTAL NETHERLANDS				979,095

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

164

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
NEW ZEALAND — 0.6%
Communication Services — 0.0%
Spark New Zealand		2,153	$	6,955
Health Care — 0.3%
Fisher & Paykel Healthcare .		2,685		45,904
Industrials — 0.1%
Auckland International Airport *		1,606		8,769
Mainfreight		123		5,447
				14,216
Information Technology — 0.1%
Xero *		158		9,746
Utilities — 0.1%
Infratil		902		5,321
Mercury NZ		718		2,812
Meridian Energy .		1,392		4,694
				12,827
TOTAL NEW ZEALAND				89,648
NORWAY — 0.8%
Communication Services — 0.1%
Telenor		731		9,090
Consumer Staples — 0.2%
Mowi .		946		17,971
Orkla		1,572		11,263
Salmar		110		4,862
				34,096
Energy — 0.3%
Aker BP .		330		7,856
Equinor .		1,162		33,150
Var Energi .		345		900
				41,906
Financials — 0.1%
DNB Bank		1,040		18,210

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

165

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Gjensidige Forsikring		218	$	3,779
				21,989
Materials — 0.1%
Norsk Hydro		1,600		11,706
TOTAL NORWAY				118,787
PORTUGAL — 0.1%
Utilities — 0.1%
EDP - Energias de Portugal		3,298		18,205
SINGAPORE — 1.7%
Communication Services — 0.3%
Sea ADR *		389		29,630
Singapore Telecommunications		8,490		16,227
				45,857
Financials — 0.8%
DBS Group Holdings .		2,035		50,061
Oversea-Chinese Banking		4,694		44,261
United Overseas Bank .		1,779		37,629
				131,951
Industrials — 0.2%
Grab Holdings, Cl A *		2,709		7,883
Jardine Cycle & Carriage		100		2,539
Keppel .		1,600		7,400
Singapore Airlines		1,563		6,853
Singapore Technologies Engineering		1,828		4,960
				29,635
Information Technology — 0.2%
STMicroelectronics		745		31,711
Real Estate — 0.2%
CapitaLand Ascendas REIT ‡		4,713		10,103
CapitaLand Ascott Trust ‡		173		140
CapitaLand Integrated Commercial Trust ‡		5,234		7,964

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

166

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Capitaland Investment		3,029	$	8,446
				26,653
TOTAL SINGAPORE				265,807
SOUTH AFRICA — 0.3%
Materials — 0.3%
Anglo American		1,560		47,941
SPAIN — 2.4%
Communication Services — 0.4%
Cellnex Telecom *		646		27,222
Telefonica		6,284		28,617
				55,839
Consumer Discretionary — 0.5%
Amadeus IT Group		531		37,366
Industria de Diseno Textil		1,346		46,303
				83,669
Financials — 0.9%
Banco Bilbao Vizcaya Argentaria		6,759		49,622
Banco Santander .		18,759		65,992
CaixaBank		5,042		18,658
				134,272
Utilities — 0.6%
EDP Renovaveis .		247		5,498
Iberdrola		6,709		87,251
Naturgy Energy Group .		198		6,186
				98,935
TOTAL SPAIN				372,715
SWEDEN — 3.6%
Communication Services — 0.1%
Embracer Group, Cl B *		1,031		5,368
Telia		2,854		7,947
				13,315

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

167

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — 0.3%
Evolution		233	$	31,016
H & M Hennes & Mauritz, Cl B		868		12,683
Volvo Car, Cl B *		598		2,458
				46,157
Consumer Staples — 0.2%
Essity, Cl B		1,267		38,378
Financials — 0.9%
EQT .		345		7,393
Industrivarden, Cl A .		218		6,223
Industrivarden, Cl C		212		6,042
Investor, Cl A		626		13,695
Investor, Cl B		2,020		43,286
L E Lundbergforetagen, Cl B .		58		2,776
Skandinaviska Enskilda Banken, Cl A .		1,890		21,466
Skandinaviska Enskilda Banken, Cl C .		4		51
Svenska Handelsbanken, Cl A		1,753		15,487
Svenska Handelsbanken, Cl B		52		571
Swedbank, Cl A .		1,052		18,256
				135,246
Industrials — 1.7%
Alfa Laval .		385		14,094
Assa Abloy, Cl B		1,371		32,600
Atlas Copco, Cl A .		3,496		50,477
Atlas Copco, Cl B .		2,028		25,960
Epiroc, Cl A		824		16,468
Epiroc, Cl B		529		9,082
Investment Latour, Cl B .		166		3,585
Nibe Industrier, Cl B .		1,991		22,225
Sandvik .		1,422		28,905
Volvo, Cl A		242		5,120
Volvo, Cl B		2,182		44,843
				253,359
Information Technology — 0.3%
Hexagon, Cl B .		2,441		27,808

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

168

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P Catholic Values Developed ex-US ETF

 

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Telefonaktiebolaget LM Ericsson, Cl B .		3,459	$	19,009
				46,817
Materials — 0.1%
Boliden .		334		11,924
Svenska Cellulosa, Cl B .		713		9,763
				21,687
Real Estate — 0.0%
Akelius Residential Property, Cl D		213		428
TOTAL SWEDEN				555,387
SWITZERLAND — 4.1%
Consumer Discretionary — 0.7%
Cie Financiere Richemont, Cl A .		642		105,996
Financials — 1.1%
UBS Group		3,967		80,517
Zurich Insurance Group		170		82,474
				162,991
Health Care — 1.1%
Alcon .		2,366		172,310
Industrials — 0.7%
ABB		2,309		83,327
Kuehne + Nagel International .		73		21,644
				104,971
Materials — 0.5%
Givaudan		9		31,569
Sika		176		48,526
				80,095
TOTAL SWITZERLAND				626,363
UNITED KINGDOM — 7.9%
Communication Services — 0.3%
BT Group, Cl A		7,522		15,018

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

169

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Vodafone Group		30,041	$	36,211
				51,229
Consumer Discretionary — 0.4%
Compass Group .		2,153		56,747
Consumer Staples — 2.3%
Associated British Foods .		747		18,365
Coca-Cola Europacific Partners		430		27,722
Diageo .		4,659		212,100
Imperial Brands .		2,000		49,459
Tesco		14,788		52,248
				359,894
Energy — 0.9%
BP		20,620		138,502
Financials — 2.3%
Barclays .		17,222		34,608
HSBC Holdings .		22,686		163,613
Legal & General Group .		6,805		20,023
Lloyds Banking Group .		76,742		46,492
London Stock Exchange Group		430		45,107
NatWest Group .		5,659		18,636
Standard Chartered		2,810		22,194
				350,673
Industrials — 1.1%
Ashtead Group		586		33,711
CK Hutchison Holdings		3,620		24,210
CNH Industrial .		1,300		18,292
RELX .		2,655		88,299
				164,512
Utilities — 0.6%
National Grid		4,340		62,432
SSE		1,198		27,668
				90,100
TOTAL UNITED KINGDOM				1,211,657

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

170

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
UNITED STATES — 5.9%
Communication Services — 0.1%
Spotify Technology *		157	$	20,975
Consumer Discretionary — 0.3%
Stellantis .		2,659		44,033
Consumer Staples — 0.3%
Haleon .		10,141		44,739
Energy — 0.0%
Tenaris .		537		7,737
Health Care — 3.5%
CSL .		2,293		455,478
ICON ADR *		386		74,378
Inmode *		321		11,961
				541,817
Industrials — 1.2%
Experian		1,319		46,586
Schneider Electric .		762		132,765
				179,351
Information Technology — 0.1%
CyberArk Software *		52		6,479
Monday.com *		19		2,317
				8,796
Materials — 0.4%
Holcim .		663		43,815
James Hardie Industries *		537		11,885
				55,700
TOTAL UNITED STATES				903,148
TOTAL COMMON STOCK
(Cost $14,637,382)				15,199,760

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

171

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
PREFERRED STOCK — 0.5%
GERMANY— 0.5%
Consumer Discretionary — 0.3%
Bayerische Motoren Werke (B)		73	$	7,757
Volkswagen (B)		221		30,176
				37,933
Consumer Staples — 0.2%
Henkel & KGaA (B)		376		30,418
TOTAL GERMANY				68,351
TOTAL PREFERRED STOCK
(Cost $74,143)				68,351
TOTAL INVESTMENTS — 99.5%
(Cost $14,711,525)			$	15,268,111

Percentages are based on Net Assets of $15,351,770.
*	Non-income producing security.
‡	Real Estate Investment Trust
(A)	Level 3 security in accordance with fair value hierarchy.
(B)	There is currently no stated interest rate.

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3(1)		Total
Common Stock	$	15,116,191	$	83,499	$	70	$	15,199,760
Preferred Stock		68,351		—		—		68,351
Total Investments in Securities	$	15,184,542	$	83,499	$	70	$	15,268,111

(1) A reconciliation of Level 3 investments and disclosures of significant unobservable inputs are presented when the Fund has a significant amount of Level 3 investments at the end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets.

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

See "Glossary" for abbreviations.

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

172

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Nasdaq 100® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — 101.5%(A)
BRAZIL — 0.5%
Consumer Discretionary — 0.5%
MercadoLibre *		298	$	380,692
CHINA — 0.8%
Consumer Discretionary — 0.5%
JD.com ADR .		2,712		96,873
PDD Holdings ADR *		3,529		240,501
				337,374
Information Technology — 0.3%
NXP Semiconductors .		1,534		251,177
TOTAL CHINA				588,551
NETHERLANDS — 0.4%
Information Technology — 0.4%
ASML Holding, Cl G .		523		333,078

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

173

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Nasdaq 100® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
UNITED KINGDOM — 0.3%
Health Care — 0.3%
AstraZeneca ADR .		3,576	$	261,835
UNITED STATES — 99.5%
Communication Services — 17.2%
Activision Blizzard *		4,654		361,662
Alphabet, Cl A *		27,850		2,989,419
Alphabet, Cl C *		27,377		2,962,739
Charter Communications, Cl A *		906		334,042
Comcast, Cl A		25,018		1,034,995
Electronic Arts		1,624		206,703
Meta Platforms, Cl A *		13,248		3,183,759
Netflix *		2,650		874,315
Sirius XM Holdings .		22,879		86,940
T-Mobile US *		7,253		1,043,707
Warner Bros Discovery *		14,362		195,467
				13,273,748
Consumer Discretionary — 13.6%
Airbnb, Cl A *		2,425		290,200
Amazon.com *		47,018		4,958,048
Booking Holdings *		225		604,420
eBay		3,207		148,901
Lucid Group *		11,015		87,459
Lululemon Athletica *		717		272,410
Marriott International, Cl A		1,828		309,553
O'Reilly Automotive *		367		336,653
Rivian Automotive, Cl A *		5,355		68,651
Ross Stores		2,057		219,543
Starbucks		6,835		781,172
Tesla *		14,515		2,384,960
				10,461,970
Consumer Staples — 6.2%
Costco Wholesale		2,641		1,329,004
Dollar Tree *		1,301		199,977
Keurig Dr Pepper		8,399		274,647
Kraft Heinz		7,259		285,061
Mondelez International, Cl A .		8,103		621,662

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

174

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Nasdaq 100® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Monster Beverage *		6,195	$	346,920
PepsiCo		8,194		1,564,153
Walgreens Boots Alliance		5,109		180,092
				4,801,516
Energy — 0.4%
Baker Hughes, Cl A		6,087		177,984
Diamondback Energy		1,111		157,984
				335,968
Financials — 1.3%
Fiserv *		3,728		455,263
PayPal Holdings *		6,720		510,720
				965,983
Health Care — 6.1%
Align Technology *		456		148,337
Amgen .		3,172		760,455
Biogen *		857		260,725
Dexcom *		2,295		278,475
Gilead Sciences		7,415		609,587
IDEXX Laboratories *		496		244,111
Illumina *		935		192,199
Intuitive Surgical *		2,083		627,441
Moderna *		2,295		304,983
Regeneron Pharmaceuticals *		638		511,542
Seagen *		1,109		221,800
Vertex Pharmaceuticals *		1,527		520,295
				4,679,950
Industrials — 4.4%
Automatic Data Processing		2,461		541,420
Cintas		602		274,374
Copart *		2,808		221,972
CoStar Group *		2,403		184,911
CSX		12,248		375,279
Fastenal		3,378		181,872
Honeywell International .		3,972		793,764
Old Dominion Freight Line		651		208,574
PACCAR		3,084		230,344

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

175

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Nasdaq 100® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Paychex		2,133	$	234,331
Verisk Analytics, Cl A .		922		178,969
				3,425,810
Information Technology — 49.1%
Adobe *		2,723		1,028,096
Advanced Micro Devices *		9,583		856,433
Analog Devices		3,006		540,719
ANSYS *		518		162,611
Apple .		58,399		9,909,142
Applied Materials .		5,024		567,863
Atlassian, Cl A *		876		129,350
Autodesk *		1,275		248,357
Broadcom		2,479		1,553,094
Cadence Design Systems *		1,621		339,519
Cisco Systems		24,359		1,150,963
Cognizant Technology Solutions, Cl A		3,036		181,280
Crowdstrike Holdings, Cl A *		1,283		154,024
Datadog, Cl A *		1,726		116,298
Enphase Energy *		808		132,674
Fortinet *		4,649		293,120
GLOBALFOUNDRIES *		3,228		189,806
Intel .		24,593		763,859
Intuit .		1,671		741,841
KLA		823		318,122
Lam Research		803		420,836
Marvell Technology .		5,046		199,216
Microchip Technology		3,262		238,093
Micron Technology .		6,476		416,795
Microsoft		34,016		10,451,756
NVIDIA .		14,705		4,080,490
Palo Alto Networks *		1,796		327,698
QUALCOMM .		6,630		774,384
Synopsys *		907		336,787
Texas Instruments .		5,390		901,208
Workday, Cl A *		1,209		225,043
Zoom Video Communications, Cl A *		1,449		89,012
Zscaler *		851		76,675
				37,915,164

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

176

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Nasdaq 100® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Utilities — 1.2%
American Electric Power		3,050	$	281,881
Constellation Energy .		1,934		149,691
Exelon		5,895		250,184
Xcel Energy		3,259		227,837
				909,593
TOTAL UNITED STATES				76,769,702
TOTAL COMMON STOCK
(Cost $79,139,532)				78,333,858
TOTAL INVESTMENTS — 101.5%
(Cost $79,139,532)			$	78,333,858
WRITTEN OPTIONS— (1.6)%
(Premiums Received  $(922,985))			$	(1,255,290	)

Percentages are based on Net Assets of $77,168,634.

A list of the exchange traded option contracts held by the Fund at April 30, 2023, is as follows:

	Number of			Notional			Exercise		Expiration
Description	Contracts			Amount			Price		Date	Value
WRITTEN OPTIONS — (1.6)%
Call Options
Nasdaq-100		(27	)	$	(35,764,173	)	$	13,245.99	05/19/23	$	(1,147,770	)
Nasdaq-100®
Reduced-Value
Index		(12	)		(3,179,040	)		2,649.20	05/19/23		(107,520	)
Total Written
Options				$	(38,943,213	)				$	(1,255,290	)

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options
	contracts. The aggregate market value of collateral at April 30, 2023 was
	$78,333,858.

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

177

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Nasdaq 100® Covered Call & Growth ETF

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments and other financial instruments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	78,333,858	$	—	$	—	$	78,333,858
Total Investments in Securities	$	78,333,858	$	—	$	—	$	78,333,858

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(1,255,290	)	$	—	$	—	$	(1,255,290	)
Total Other Financial Instruments	$	(1,255,290	)	$	—	$	—	$	(1,255,290	)

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

See "Glossary" for abbreviations.

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

178

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — 101.0%(A)
CHINA — 0.1%
Information Technology — 0.1%
NXP Semiconductors .		438	$	71,718
UNITED STATES — 100.9%
Communication Services — 8.3%
Activision Blizzard .		1,216		94,495
Alphabet, Cl A *		9,941		1,067,067
Alphabet, Cl C *		8,663		937,510
AT&T		11,797		208,453
Charter Communications, Cl A *		180		66,366
Comcast, Cl A		6,976		288,597
DISH Network, Cl A *		434		3,259
Electronic Arts		437		55,621
Fox, Cl A		457		15,200
Fox, Cl B		220		6,719
Interpublic Group		654		23,367
Live Nation Entertainment *		217		14,708
Match Group *		454		16,753
Meta Platforms, Cl A *		3,712		892,068
Netflix *		738		243,488

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

179

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
News, Cl A .		654	$	11,517
News, Cl B .		218		3,869
Omnicom Group .		337		30,522
Paramount Global, Cl B		821		19,154
Take-Two Interactive Software *		272		33,807
T-Mobile US *		975		140,303
Verizon Communications		6,964		270,412
Walt Disney *		3,033		310,883
Warner Bros Discovery *		3,759		51,160
				4,805,298
Consumer Discretionary — 10.0%
Advance Auto Parts		93		11,674
Amazon.com *		14,891		1,570,256
Aptiv *		437		44,950
AutoZone *		30		79,899
Bath & Body Works .		434		15,233
Best Buy		331		24,666
Booking Holdings *		64		171,924
BorgWarner .		431		20,744
Caesars Entertainment *		366		16,576
CarMax *		282		19,748
Carnival *		1,530		14,091
Chipotle Mexican Grill, Cl A *		46		95,111
Darden Restaurants .		218		33,121
Domino's Pizza .		57		18,096
DR Horton		525		57,655
eBay		898		41,694
Etsy *		215		21,721
Expedia Group *		253		23,772
Ford Motor .		6,627		78,729
Garmin		256		25,132
General Motors		2,264		74,803
Genuine Parts .		239		40,226
Hasbro .		219		12,969
Hilton Worldwide Holdings .		430		61,929
Home Depot .		1,697		510,016
Las Vegas Sands *		563		35,948
Lennar, Cl A .		433		48,847
LKQ		438		25,286

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

180

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Lowe's		1,001	$	208,038
Marriott International, Cl A		466		78,912
McDonald's .		1,217		359,928
MGM Resorts International .		546		24,526
Mohawk Industries *		69		7,307
Newell Brands .		653		7,934
NIKE, Cl B		2,065		261,677
Norwegian Cruise Line Holdings *		644		8,597
NVR *		5		29,200
O'Reilly Automotive *		104		95,400
Pool .		63		22,133
PulteGroup .		341		22,898
Ralph Lauren, Cl A .		48		5,510
Ross Stores		599		63,931
Royal Caribbean Cruises *		374		24,471
Starbucks		1,901		217,265
Tapestry .		438		17,875
Tesla *		4,485		736,930
TJX		1,961		154,566
Tractor Supply .		189		45,058
Ulta Beauty *		88		48,526
VF .		541		12,719
Whirlpool		73		10,190
Wynn Resorts *		177		20,228
Yum! Brands		467		65,651
				5,744,286
Consumer Staples — 7.5%
Altria Group .		3,021		143,528
Archer-Daniels-Midland		919		71,756
Brown-Forman, Cl B		284		18,486
Bunge .		250		23,400
Campbell Soup .		338		18,353
Church & Dwight		434		42,150
Clorox		215		35,608
Coca-Cola .		6,475		415,371
Colgate-Palmolive		1,425		113,715
Conagra Brands .		869		32,987
Constellation Brands, Cl A		264		60,580
Costco Wholesale		738		371,376

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

181

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Dollar General .		363	$	80,390
Dollar Tree *		333		51,185
Estee Lauder, Cl A .		398		98,195
General Mills		1,017		90,137
Hershey		244		66,627
Hormel Foods		438		17,713
J M Smucker .		182		28,103
Kellogg .		436		30,420
Keurig Dr Pepper		1,486		48,592
Kimberly-Clark		581		84,181
Kraft Heinz		1,316		51,679
Kroger		1,130		54,952
Lamb Weston Holdings .		220		24,598
McCormick .		433		38,039
Molson Coors Beverage, Cl B		307		18,260
Mondelez International, Cl A .		2,318		177,837
Monster Beverage *		1,296		72,576
PepsiCo		2,291		437,329
Philip Morris International		2,569		256,823
Procter & Gamble .		3,932		614,886
Sysco .		865		66,380
Target		756		119,259
Tyson Foods, Cl A		491		30,683
Walgreens Boots Alliance		1,216		42,864
Walmart		2,331		351,911
				4,300,929
Energy — 4.8%
APA .		561		20,673
Baker Hughes, Cl A		1,677		49,036
Chevron .		2,962		499,334
ConocoPhillips .		2,025		208,352
Coterra Energy		1,307		33,459
Devon Energy		1,124		60,055
Diamondback Energy		306		43,513
EOG Resources		987		117,917
EQT .		644		22,437
Exxon Mobil		6,869		812,878
Halliburton .		1,531		50,140
Hess		474		68,758

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

182

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Kinder Morgan .		3,474	$	59,579
Marathon Oil .		1,107		26,745
Marathon Petroleum		741		90,402
Occidental Petroleum .		1,258		77,405
ONEOK .		774		50,627
Phillips 66 .		757		74,943
Pioneer Natural Resources		407		88,543
Schlumberger		2,372		117,058
Targa Resources		398		30,061
Valero Energy .		656		75,224
Williams		2,130		64,454
				2,741,593
Financials — 13.3%
Aflac		938		65,519
Allstate		444		51,397
American Express .		1,007		162,469
American International Group		1,276		67,679
Ameriprise Financial		169		51,565
Aon, Cl A .		350		113,813
Arch Capital Group *		642		48,195
Arthur J Gallagher		354		73,653
Assurant .		65		8,003
Bank of America		11,598		339,589
Bank of New York Mellon		1,240		52,812
Berkshire Hathaway, Cl B *		3,007		987,950
BlackRock, Cl A .		254		170,485
Brown & Brown .		416		26,786
Capital One Financial		667		64,899
Cboe Global Markets .		178		24,867
Charles Schwab .		2,563		133,891
Chubb .		704		141,898
Cincinnati Financial .		250		26,610
Citigroup		3,248		152,883
Citizens Financial Group .		849		26,268
CME Group, Cl A .		613		113,877
Comerica		218		9,455
Discover Financial Services		470		48,631
Everest Re Group		63		23,814
FactSet Research Systems .		64		26,348

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

183

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Fidelity National Information Services .		1,031	$	60,540
Fifth Third Bancorp		1,121		29,370
First Republic Bank .		282		990
Fiserv *		1,073		131,035
FleetCor Technologies *		113		24,173
Franklin Resources		436		11,720
Global Payments		466		52,523
Globe Life .		130		14,108
Goldman Sachs Group		573		196,791
Hartford Financial Services Group .		551		39,115
Huntington Bancshares		2,484		27,821
Intercontinental Exchange .		946		103,048
Invesco		719		12,316
Jack Henry & Associates .		107		17,477
JPMorgan Chase .		4,890		675,994
KeyCorp		1,660		18,692
Lincoln National .		232		5,041
Loews .		376		21,646
M&T Bank .		279		35,098
MarketAxess Holdings .		61		19,421
Marsh & McLennan .		844		152,080
Mastercard, Cl A .		1,405		533,942
MetLife .		1,121		68,751
Moody's .		260		81,411
Morgan Stanley		2,160		194,335
MSCI, Cl A		137		66,096
Nasdaq .		581		32,170
Northern Trust .		364		28,450
PayPal Holdings *		1,861		141,436
PNC Financial Services Group		677		88,179
Principal Financial Group		394		29,428
Progressive		985		134,354
Prudential Financial .		627		54,549
Raymond James Financial .		349		31,595
Regions Financial .		1,533		27,993
S&P Global .		544		197,244
State Street .		553		39,960
Synchrony Financial		801		23,638
T Rowe Price Group		388		43,584

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

184

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Travelers .		374	$	67,746
Truist Financial		2,208		71,937
US Bancorp .		2,364		81,038
Visa, Cl A .		2,708		630,233
W R Berkley		360		21,211
Wells Fargo .		6,318		251,141
Willis Towers Watson		190		44,004
Zions Bancorp .		223		6,213
				7,652,993
Health Care — 14.5%
Abbott Laboratories .		2,896		319,921
AbbVie		2,944		444,897
Agilent Technologies		498		67,444
Align Technology *		124		40,337
AmerisourceBergen		257		42,880
Amgen .		884		211,930
Baxter International		863		41,148
Becton Dickinson		477		126,076
Biogen *		235		71,494
Bio-Rad Laboratories, Cl A *		34		15,327
Bio-Techne		232		18,532
Boston Scientific *		2,391		124,619
Bristol-Myers Squibb .		3,524		235,298
Cardinal Health		432		35,467
Catalent *		283		14,184
Centene *		950		65,484
Charles River Laboratories International *		81		15,400
Cigna Group		501		126,898
Cooper .		76		28,990
CVS Health .		2,116		155,124
Danaher		1,087		257,521
DaVita *		68		6,145
DENTSPLY SIRONA .		425		17,820
Dexcom *		628		76,202
Edwards Lifesciences *		1,046		92,027
Elevance Health		403		188,866
Eli Lilly		1,313		519,764
GE HealthCare Technologies .		622		50,593
Gilead Sciences		2,107		173,216

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

185

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
HCA Healthcare		358	$	102,864
Henry Schein *		220		17,778
Hologic *		436		37,500
Humana		204		108,220
IDEXX Laboratories *		142		69,887
Illumina *		259		53,240
Incyte *		307		22,844
Insulet *		121		38,483
Intuitive Surgical *		578		174,105
IQVIA Holdings *		300		56,469
Johnson & Johnson .		4,359		713,568
Laboratory Corp of America Holdings		138		31,286
McKesson .		223		81,226
Medtronic		2,198		199,908
Merck .		4,221		487,399
Mettler-Toledo International *		38		56,677
Moderna *		556		73,887
Molina Healthcare *		94		28,002
Organon .		433		10,665
PerkinElmer		216		28,186
Pfizer		9,332		362,921
Quest Diagnostics .		197		27,346
Regeneron Pharmaceuticals *		177		141,917
ResMed		245		59,035
STERIS		154		29,037
Stryker .		569		170,501
Teleflex		75		20,439
Thermo Fisher Scientific		652		361,795
UnitedHealth Group		1,558		766,676
Universal Health Services, Cl B .		91		13,682
Vertex Pharmaceuticals *		431		146,855
Viatris, Cl W		2,156		20,115
Waters *		96		28,835
West Pharmaceutical Services		126		45,516
Zimmer Biomet Holdings .		368		50,946
Zoetis, Cl A .		767		134,823
				8,356,237
Industrials — 8.6%
3M		924		98,147

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

186

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
A O Smith .		218	$	14,887
Alaska Air Group *		218		9,474
Allegion .		125		13,810
American Airlines Group *		1,079		14,718
AMETEK		394		54,344
Automatic Data Processing		703		154,660
Boeing *		929		192,099
Broadridge Financial Solutions .		216		31,409
Carrier Global		1,428		59,719
Caterpillar .		881		192,763
Ceridian HCM Holding *		253		16,060
CH Robinson Worldwide		218		21,990
Cintas		147		66,998
Copart *		722		57,074
CoStar Group *		655		50,402
CSX		3,445		105,555
Cummins		240		56,410
Deere .		459		173,511
Delta Air Lines *		1,080		37,055
Dover		241		35,225
Eaton		662		110,633
Emerson Electric		929		77,349
Equifax .		216		45,010
Expeditors International of Washington .		256		29,143
Fastenal		988		53,194
FedEx .		378		86,101
Fortive .		556		35,078
Generac Holdings *		84		8,586
General Dynamics		366		79,912
General Electric .		1,799		178,047
Honeywell International .		1,106		221,023
Howmet Aerospace .		654		28,966
Huntington Ingalls Industries		63		12,705
IDEX .		116		23,933
Illinois Tool Works		462		111,776
Ingersoll Rand .		652		37,177
Jacobs Solutions .		218		25,170
JB Hunt Transport Services		138		24,190
Johnson Controls International		1,161		69,474

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

187

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
L3Harris Technologies .		318	$	62,058
Leidos Holdings		218		20,331
Lockheed Martin		375		174,169
Masco .		380		20,334
Nordson .		86		18,603
Norfolk Southern .		370		75,121
Northrop Grumman		244		112,550
Old Dominion Freight Line		153		49,020
Otis Worldwide		682		58,175
PACCAR		882		65,877
Parker-Hannifin		216		70,174
Paychex		562		61,741
Paycom Software *		78		22,649
Pentair		268		15,565
Quanta Services .		241		40,883
Raytheon Technologies		2,428		242,557
Republic Services, Cl A		343		49,605
Robert Half International		216		15,768
Rockwell Automation		198		56,115
Rollins .		433		18,294
Snap-On .		85		22,050
Southwest Airlines .		1,004		30,411
Stanley Black & Decker .		244		21,067
Textron		360		24,098
Trane Technologies .		397		73,767
TransDigm Group .		87		66,555
Union Pacific		1,012		198,048
United Airlines Holdings *		603		26,411
United Parcel Service, Cl B .		1,209		217,390
United Rentals .		120		43,333
Verisk Analytics, Cl A .		259		50,274
Waste Management .		634		105,276
Westinghouse Air Brake Technologies		292		28,520
WW Grainger .		74		51,472
Xylem .		289		30,010
				4,952,048
Information Technology — 25.8%
Accenture, Cl A		1,045		292,903
Adobe *		760		286,946

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

188

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Advanced Micro Devices *		2,671	$	238,707
Akamai Technologies *		263		21,558
Amphenol, Cl A .		1,014		76,527
Analog Devices		836		150,380
ANSYS *		139		43,635
Apple .		24,864		4,218,923
Applied Materials .		1,390		157,112
Arista Networks *		429		68,709
Autodesk *		349		67,982
Broadcom		695		435,417
Cadence Design Systems *		467		97,813
CDW		218		36,971
Cisco Systems		6,823		322,387
Cognizant Technology Solutions, Cl A		865		51,649
Corning .		1,300		43,186
DXC Technology *		436		10,399
Enphase Energy *		231		37,930
EPAM Systems *		93		26,267
F5 *		96		12,899
Fair Isaac *		41		29,846
First Solar *		163		29,760
Fortinet *		1,086		68,472
Gartner *		134		40,530
Gen Digital		1,077		19,031
Hewlett Packard Enterprise		2,311		33,093
HP		1,508		44,803
Intel .		6,845		212,606
International Business Machines .		1,494		188,857
Intuit .		465		206,437
Juniper Networks .		550		16,582
Keysight Technologies *		290		41,946
KLA		238		91,996
Lam Research		231		121,062
Microchip Technology		907		66,202
Micron Technology .		1,870		120,353
Microsoft		12,443		3,823,236
Monolithic Power Systems .		77		35,572
Motorola Solutions		281		81,883
NetApp .		324		20,376

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

189

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
NVIDIA .		4,106	$	1,139,374
ON Semiconductor *		734		52,819
Oracle .		2,547		241,252
PTC *		182		22,894
Qorvo *		178		16,390
QUALCOMM .		1,887		220,402
Roper Technologies		172		78,222
Salesforce *		1,661		329,493
Seagate Technology Holdings .		355		20,863
ServiceNow *		335		153,906
Skyworks Solutions		265		28,063
SolarEdge Technologies *		94		26,849
Synopsys *		252		93,573
TE Connectivity		511		62,531
Teledyne Technologies *		76		31,494
Teradyne .		263		24,033
Texas Instruments .		1,503		251,302
Trimble *		434		20,441
Tyler Technologies *		67		25,395
VeriSign *		143		31,717
Western Digital *		582		20,044
Zebra Technologies, Cl A *		83		23,906
				14,905,906
Materials — 2.6%
Air Products & Chemicals .		374		110,091
Albemarle		198		36,721
Amcor		2,726		29,904
Avery Dennison .		123		21,461
Ball		529		28,132
Celanese, Cl A .		145		15,405
CF Industries Holdings		354		25,339
Corteva .		1,220		74,566
Dow		1,220		66,368
DuPont de Nemours .		733		51,105
Eastman Chemical .		218		18,371
Ecolab		431		72,339
FMC .		218		26,941
Freeport-McMoRan .		2,379		90,188
International Flavors & Fragrances		434		42,081

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

190

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
International Paper .		654	$	21,654
Linde		818		302,210
LyondellBasell Industries, Cl A		436		41,250
Martin Marietta Materials		101		36,683
Mosaic .		586		25,110
Newmont		1,363		64,606
Nucor		436		64,607
Packaging Corp of America .		139		18,801
PPG Industries		400		56,104
Sealed Air		220		10,558
Sherwin-Williams .		406		96,441
Steel Dynamics		267		27,755
Vulcan Materials		218		38,176
Westrock .		437		13,079
				1,526,046
Real Estate — 2.6%
Alexandria Real Estate Equities ‡		245		30,424
American Tower ‡		785		160,446
AvalonBay Communities ‡		239		43,108
Boston Properties ‡		219		11,686
Camden Property Trust ‡		201		22,120
CBRE Group, Cl A *		503		38,560
Crown Castle ‡		733		90,225
Digital Realty Trust ‡		486		48,187
Equinix ‡		158		114,405
Equity Residential ‡		532		33,649
Essex Property Trust ‡		110		24,170
Extra Space Storage ‡		218		33,145
Federal Realty Investment Trust ‡		151		14,932
Healthpeak Properties ‡		885		19,443
Host Hotels & Resorts ‡		1,302		21,053
Invitation Homes ‡		983		32,803
Iron Mountain ‡		484		26,736
Kimco Realty ‡		1,026		19,689
Mid-America Apartment Communities ‡		196		30,145
ProLogis ‡		1,526		191,131
Public Storage ‡		266		78,425
Realty Income ‡		1,069		67,176
Regency Centers ‡		220		13,515

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

191

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
SBA Communications, Cl A ‡		180	$	46,960
Simon Property Group ‡		571		64,706
UDR ‡		511		21,120
Ventas ‡		652		31,329
VICI Properties, Cl A ‡		1,707		57,936
Welltower ‡		799		63,297
Weyerhaeuser ‡		1,306		39,062
				1,489,583
Utilities — 2.9%
AES .		1,183		27,990
Alliant Energy .		435		23,986
Ameren .		434		38,613
American Electric Power		867		80,128
American Water Works		329		48,774
Atmos Energy		239		27,279
CenterPoint Energy .		1,080		32,908
CMS Energy		487		30,321
Consolidated Edison		604		59,476
Constellation Energy .		568		43,963
Dominion Energy		1,420		81,139
DTE Energy .		323		36,308
Duke Energy		1,292		127,753
Edison International .		645		47,472
Entergy		359		38,621
Evergy		347		21,552
Eversource Energy .		585		45,402
Exelon		1,609		68,286
FirstEnergy		887		35,303
NextEra Energy .		3,295		252,496
NiSource .		655		18,641
NRG Energy		434		14,830
PG&E *		2,793		47,788
Pinnacle West Capital		216		16,947
PPL		1,315		37,767
Public Service Enterprise Group .		870		54,984
Sempra Energy .		522		81,166
Southern		1,828		134,449
WEC Energy Group .		529		50,874

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

192

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Utilities — continued
Xcel Energy		924	$	64,597
				1,689,813
TOTAL UNITED STATES				58,164,732
TOTAL COMMON STOCK
(Cost $59,764,180)				58,236,450
TOTAL INVESTMENTS — 101.0%
(Cost $59,764,180)			$	58,236,450
WRITTEN OPTIONS— (1.1)%
(Premiums Received  $(532,198))			$	(629,695	)

Percentages are based on Net Assets of $57,659,456.

A list of the exchange traded option contracts held by the Fund at April 30, 2023, is as follows:

	Number of			Notional			Exercise		Expiration
Description	Contracts			Amount			Price		Date	Value
WRITTEN OPTIONS — (1.1)%
Call Options
Mini-SPX Index		(18	)	$	(750,510	)	$	416.95	05/19/23	$	(16,335	)
S&P 500 Index		(68	)		(28,352,464	)		4,169.48	05/19/23		(613,360	)
Total Written
Options				$	(29,102,974	)				$	(629,695	)

*	Non-income producing security.
‡	Real Estate Investment Trust
(A)	All or a portion of these securities has been segregated as collateral for options
	contracts. The aggregate market value of collateral at April 30, 2023 was
	$58,236,450.

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

193

 

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments and other financial instruments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	58,236,450	$	—	$	—	$	58,236,450
Total Investments in Securities	$	58,236,450	$	—	$	—	$	58,236,450

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(629,695	)	$	—	$	—	$	(629,695	)
Total Other Financial Instruments	$	(629,695	)	$	—	$	—	$	(629,695	)

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

See "Glossary" for abbreviations.

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

194

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Emerging Markets Internet & E-commerce ETF

	Shares		Value
COMMON STOCK — 99.9%
BRAZIL — 11.8%
Consumer Discretionary — 4.8%
Magazine Luiza *		19,749	$	13,185
MercadoLibre *		86		109,864
				123,049
Financials — 6.4%
NU Holdings, Cl A *		18,728		96,636
Pagseguro Digital, Cl A *		1,703		16,758
StoneCo, Cl A *		1,419		17,482
XP, Cl A *		2,237		31,967
				162,843
Information Technology — 0.6%
TOTVS .		2,797		14,346
TOTAL BRAZIL				300,238
CHILE — 0.6%
Consumer Discretionary — 0.6%
Falabella		7,360		15,881
CHINA — 63.0%
Communication Services — 26.7%
Autohome ADR .		758		22,475
Baidu ADR *		762		91,905
Bilibili ADR *		2,552		51,959
China Literature *		2,540		11,648
Hello Group ADR .		1,009		8,435

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

195

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Emerging Markets Internet & E-commerce ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
iQIYI ADR *		5,685	$	34,678
Kingsoft .		5,850		25,599
NetEase ADR .		1,352		120,504
Tencent Holdings .		4,813		211,161
Tencent Music Entertainment Group ADR *		10,515		77,916
Weibo ADR *		1,380		24,164
				680,444
Consumer Discretionary — 33.9%
Alibaba Group Holding ADR *		2,387		202,155
JD.com ADR .		2,361		84,335
Meituan, Cl B *		12,036		203,925
PDD Holdings ADR *		2,388		162,742
Tongcheng Travel Holdings *		7,050		14,908
TravelSky Technology, Cl H .		16,850		33,529
Trip.com Group ADR *		2,952		104,826
Vipshop Holdings ADR *		3,522		55,295
				861,715
Consumer Staples — 1.2%
Alibaba Health Information Technology *		30,800		22,011
Ping An Healthcare and Technology *		3,330		8,281
				30,292
Information Technology — 1.2%
Kingdee International Software Group *		15,250		23,312
Weimob *		13,000		6,658
				29,970
TOTAL CHINA				1,602,421
INDIA — 0.5%
Consumer Discretionary — 0.5%
MakeMyTrip *		476		11,157
INDONESIA — 1.5%
Consumer Discretionary — 1.5%
GoTo Gojek Tokopedia, Cl A *		5,336,100		37,829

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

196

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Emerging Markets Internet & E-commerce ETF

	Shares		Value
COMMON STOCK — continued
POLAND — 0.8%
Consumer Discretionary — 0.8%
Allegro.eu *		2,531	$	19,955
SOUTH AFRICA — 8.5%
Communication Services — 0.2%
MultiChoice Group .		998		6,250
Consumer Discretionary — 8.3%
Naspers, Cl N .		1,181		210,650
TOTAL SOUTH AFRICA				216,900
SOUTH KOREA — 12.7%
Communication Services — 8.7%
Kakao .		1,715		74,448
Krafton *		192		27,558
NAVER		666		95,690
NCSoft		82		23,098
				220,794
Consumer Discretionary — 4.0%
Coupang, Cl A *		6,133		102,789
TOTAL SOUTH KOREA				323,583
URUGUAY — 0.5%
Financials — 0.5%
Dlocal, Cl A *		975		13,650
TOTAL COMMON STOCK
(Cost $4,094,543)				2,541,614
TOTAL INVESTMENTS — 99.9%
(Cost $4,094,543)			$	2,541,614

Percentages are based on Net Assets of $2,544,462. 

* Non-income producing security. 

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

197

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Emerging Markets Internet & E-commerce ETF

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	2,541,614	$	—	$	—	$	2,541,614
Total Investments in Securities	$	2,541,614	$	—	$	—	$	2,541,614

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

See "Glossary" for abbreviations.

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

198

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Tail Risk ETF

	Shares		Value
COMMON STOCK — 99.7%(A)
BRAZIL — 0.5%
Consumer Discretionary — 0.5%
MercadoLibre *		6	$	7,665
CHINA — 0.8%
Consumer Discretionary — 0.5%
JD.com ADR .		57		2,036
PDD Holdings ADR *		75		5,111
				7,147
Information Technology — 0.3%
NXP Semiconductors .		33		5,404
TOTAL CHINA				12,551
NETHERLANDS — 0.4%
Information Technology — 0.4%
ASML Holding, Cl G .		11		7,005

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

199

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
UNITED KINGDOM — 0.3%
Health Care — 0.3%
AstraZeneca ADR .		79	$	5,784
UNITED STATES — 97.7%
Communication Services — 16.9%
Activision Blizzard *		101		7,849
Alphabet, Cl A *		596		63,975
Alphabet, Cl C *		586		63,417
Charter Communications, Cl A *		19		7,005
Comcast, Cl A		534		22,092
Electronic Arts		36		4,582
Meta Platforms, Cl A *		283		68,010
Netflix *		57		18,806
Sirius XM Holdings .		501		1,904
T-Mobile US *		155		22,304
Warner Bros Discovery *		313		4,260
				284,204
Consumer Discretionary — 13.3%
Airbnb, Cl A *		51		6,103
Amazon.com *		1,006		106,083
Booking Holdings *		5		13,432
eBay		70		3,250
Lucid Group *		215		1,707
Lululemon Athletica *		16		6,079
Marriott International, Cl A		39		6,604
O'Reilly Automotive *		8		7,339
Rivian Automotive, Cl A *		117		1,500
Ross Stores		45		4,803
Starbucks		146		16,686
Tesla *		311		51,100
				224,686
Consumer Staples — 6.1%
Costco Wholesale		56		28,180
Dollar Tree *		29		4,458
Keurig Dr Pepper		183		5,984
Kraft Heinz		158		6,205
Mondelez International, Cl A .		173		13,272

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

200

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Monster Beverage *		132	$	7,392
PepsiCo		175		33,406
Walgreens Boots Alliance		112		3,948
				102,845
Energy — 0.4%
Baker Hughes, Cl A		129		3,772
Diamondback Energy		23		3,271
				7,043
Financials — 1.2%
Fiserv *		79		9,647
PayPal Holdings *		143		10,868
				20,515
Health Care — 6.0%
Align Technology *		10		3,253
Amgen .		68		16,302
Biogen *		18		5,476
Dexcom *		50		6,067
Gilead Sciences		158		12,989
IDEXX Laboratories *		10		4,922
Illumina *		20		4,111
Intuitive Surgical *		44		13,254
Moderna *		50		6,645
Regeneron Pharmaceuticals *		14		11,225
Seagen *		24		4,800
Vertex Pharmaceuticals *		33		11,244
				100,288
Industrials — 4.4%
Automatic Data Processing		52		11,440
Cintas		13		5,925
Copart *		61		4,822
CoStar Group *		52		4,002
CSX		260		7,966
Fastenal		74		3,984
Honeywell International .		85		16,986
Old Dominion Freight Line		14		4,486
PACCAR		67		5,004

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

201

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Paychex		47	$	5,164
Verisk Analytics, Cl A .		20		3,882
				73,661
Information Technology — 48.2%
Adobe *		58		21,898
Advanced Micro Devices *		205		18,321
Analog Devices		64		11,512
ANSYS *		11		3,453
Apple .		1,250		212,100
Applied Materials .		107		12,094
Atlassian, Cl A *		19		2,806
Autodesk *		28		5,454
Broadcom		53		33,205
Cadence Design Systems *		35		7,331
Cisco Systems		521		24,617
Cognizant Technology Solutions, Cl A		66		3,941
Crowdstrike Holdings, Cl A *		28		3,361
Datadog, Cl A *		38		2,560
Enphase Energy *		18		2,956
Fortinet *		101		6,368
GLOBALFOUNDRIES *		70		4,116
Intel .		525		16,307
Intuit .		36		15,982
KLA		18		6,958
Lam Research		17		8,909
Marvell Technology .		110		4,343
Microchip Technology		71		5,182
Micron Technology .		141		9,075
Microsoft		728		223,685
NVIDIA .		315		87,409
Palo Alto Networks *		39		7,116
QUALCOMM .		141		16,469
Synopsys *		19		7,055
Texas Instruments .		115		19,228
Workday, Cl A *		26		4,840
Zoom Video Communications, Cl A *		32		1,966
Zscaler *		19		1,712
				812,329

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

202

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Utilities — 1.2%
American Electric Power		66	$	6,100
Constellation Energy .		42		3,251
Exelon		128		5,432
Xcel Energy		71		4,963
				19,746
TOTAL UNITED STATES				1,645,317
TOTAL COMMON STOCK
(Cost $1,959,064)				1,678,322
PURCHASED OPTION — 0.3%
(Cost $30,908) .				4,410
TOTAL INVESTMENTS — 100.0%
(Cost $1,989,972)			$	1,682,732

Percentages are based on Net Assets of $1,683,324.

A list of the exchange traded option contracts held by the Fund at April 30, 2023, is as follows:

	Number of		Notional		Exercise		Expiration
Description	Contracts		Amount		Price		Date	Value
PURCHASED OPTIONS — 0.3%
Put Options
Nasdaq-100®
Reduced-Value
Index		6	$	1,589,520	$	2,649.20	06/16/23	$	4,410

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options
	contracts. The aggregate market value of collateral at April 30, 2023 was
	$1,678,322.

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

203

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Tail Risk ETF

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	1,678,322	$	—	$	—	$	1,678,322
Purchased Option		4,410		—		—		4,410
Total Investments in Securities	$	1,682,732	$	—	$	—	$	1,682,732

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

See "Glossary" for abbreviations.

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

204

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — 103.0%(A)
BRAZIL — 0.5%
Consumer Discretionary — 0.5%
MercadoLibre *		36	$	45,990
CHINA — 0.8%
Consumer Discretionary — 0.5%
JD.com ADR .		334		11,931
PDD Holdings ADR *		427		29,100
				41,031
Information Technology — 0.3%
NXP Semiconductors .		187		30,619
TOTAL CHINA				71,650
NETHERLANDS — 0.4%
Information Technology — 0.4%
ASML Holding, Cl G .		64		40,759

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

205

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
UNITED KINGDOM — 0.3%
Health Care — 0.3%
AstraZeneca ADR .		434	$	31,777
UNITED STATES — 101.0%
Communication Services — 17.5%
Activision Blizzard *		565		43,906
Alphabet, Cl A *		3,382		363,024
Alphabet, Cl C *		3,325		359,831
Charter Communications, Cl A *		110		40,557
Comcast, Cl A		3,038		125,682
Electronic Arts		197		25,074
Meta Platforms, Cl A *		1,609		386,675
Netflix *		321		105,908
Sirius XM Holdings .		2,903		11,031
T-Mobile US *		880		126,632
Warner Bros Discovery *		1,744		23,736
				1,612,056
Consumer Discretionary — 13.8%
Airbnb, Cl A *		294		35,183
Amazon.com *		5,711		602,225
Booking Holdings *		28		75,217
eBay		384		17,829
Lucid Group *		1,259		9,996
Lululemon Athletica *		88		33,434
Marriott International, Cl A		221		37,424
O'Reilly Automotive *		45		41,279
Rivian Automotive, Cl A *		681		8,730
Ross Stores		252		26,896
Starbucks		829		94,746
Tesla *		1,763		289,679
				1,272,638
Consumer Staples — 6.3%
Costco Wholesale		320		161,030
Dollar Tree *		159		24,440
Keurig Dr Pepper		1,012		33,092
Kraft Heinz		881		34,597
Mondelez International, Cl A .		983		75,416

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

206

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Monster Beverage *		751	$	42,056
PepsiCo		996		190,126
Walgreens Boots Alliance		618		21,785
				582,542
Energy — 0.4%
Baker Hughes, Cl A		725		21,199
Diamondback Energy		133		18,913
				40,112
Financials — 1.3%
Fiserv *		453		55,320
PayPal Holdings *		816		62,016
				117,336
Health Care — 6.1%
Align Technology *		55		17,891
Amgen .		386		92,540
Biogen *		104		31,640
Dexcom *		278		33,733
Gilead Sciences		900		73,989
IDEXX Laboratories *		59		29,037
Illumina *		113		23,228
Intuitive Surgical *		253		76,209
Moderna *		278		36,943
Regeneron Pharmaceuticals *		78		62,540
Seagen *		135		27,000
Vertex Pharmaceuticals *		186		63,376
				568,126
Industrials — 4.5%
Automatic Data Processing		299		65,780
Cintas		73		33,271
Copart *		343		27,114
CoStar Group *		292		22,470
CSX		1,486		45,531
Fastenal		410		22,074
Honeywell International .		482		96,323
Old Dominion Freight Line		81		25,952
PACCAR		375		28,009

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

207

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Paychex		259	$	28,454
Verisk Analytics, Cl A .		112		21,740
				416,718
Information Technology — 49.9%
Adobe *		330		124,595
Advanced Micro Devices *		1,163		103,937
Analog Devices		365		65,656
ANSYS *		62		19,463
Apple .		7,093		1,203,540
Applied Materials .		610		68,948
Atlassian, Cl A *		111		16,390
Autodesk *		155		30,192
Broadcom		301		188,576
Cadence Design Systems *		197		41,262
Cisco Systems		2,958		139,766
Cognizant Technology Solutions, Cl A		371		22,152
Crowdstrike Holdings, Cl A *		156		18,728
Datadog, Cl A *		218		14,689
Enphase Energy *		98		16,092
Fortinet *		564		35,560
GLOBALFOUNDRIES *		392		23,050
Intel .		2,986		92,745
Intuit .		203		90,122
KLA		100		38,654
Lam Research		97		50,836
Marvell Technology .		612		24,162
Microchip Technology		394		28,758
Micron Technology .		786		50,587
Microsoft		4,132		1,269,598
NVIDIA .		1,786		495,597
Palo Alto Networks *		218		39,776
QUALCOMM .		805		94,024
Synopsys *		110		40,845
Texas Instruments .		655		109,516
Workday, Cl A *		147		27,363
Zoom Video Communications, Cl A *		183		11,242
Zscaler *		108		9,731
				4,606,152

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

208

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Utilities — 1.2%
American Electric Power		370	$	34,195
Constellation Energy .		235		18,189
Exelon		715		30,345
Xcel Energy		395		27,615
				110,344
TOTAL UNITED STATES				9,326,024
TOTAL COMMON STOCK
(Cost $10,506,661)				9,516,200
PURCHASED OPTIONS — 0.3%
(Cost $65,503) .				23,090
TOTAL INVESTMENTS — 103.3%
(Cost $10,572,164)			$	9,539,290
WRITTEN OPTIONS— (3.4)%
(Premiums Received  $(230,027))			$	(310,360	)

Percentages are based on Net Assets of $9,234,778.

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

209

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Risk Managed Income ETF

A list of the exchange traded option contracts held by the Fund at April 30, 2023, is as follows:

	Number of			Notional			Exercise		Expiration
Description	Contracts			Amount			Price		Date	Value
PURCHASED OPTIONS — 0.3%
Put Options
Nasdaq-100		6		$	7,947,594		$	13,245.99	05/19/23	$	19,590
Nasdaq-100®
Reduced-Value
Index		5			1,324,600			2,649.20	05/19/23		3,500
Total Purchased
Options				$	9,272,194					$	23,090
WRITTEN OPTIONS — (3.4)%
Call Options
Nasdaq-100		(6	)	$	(7,947,594	)		13,245.99	05/19/23	$	(265,560	)
Nasdaq-100®
Reduced-Value
Index		(5	)		(1,324,600	)		2,649.20	05/19/23		(44,800	)
Total Written
Options				$	(9,272,194	)				$	(310,360	)

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options
	contracts. The aggregate market value of collateral at April 30, 2023 was
	$9,516,200.

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

210

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Risk Managed Income ETF

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments and other financial instruments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	9,516,200	$	—	$	—	$	9,516,200
Purchased Options		23,090		—		—		23,090
Total Investments in Securities	$	9,539,290	$	—	$	—	$	9,539,290

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(310,360	)	$	—	$	—	$	(310,360	)
Total Other Financial Instruments	$	(310,360	)	$	—	$	—	$	(310,360	)

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

See "Glossary" for abbreviations.

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

211

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — 100.6%(A)
BRAZIL — 0.5%
Consumer Discretionary — 0.5%
MercadoLibre *		11	$	14,053
CHINA — 0.8%
Consumer Discretionary — 0.5%
JD.com ADR .		98		3,501
PDD Holdings ADR *		128		8,723
				12,224
Information Technology — 0.3%
NXP Semiconductors .		56		9,169
TOTAL CHINA				21,393
NETHERLANDS — 0.4%
Information Technology — 0.4%
ASML Holding, Cl G .		19		12,100

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

212

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
UNITED KINGDOM — 0.3%
Health Care — 0.3%
AstraZeneca ADR .		129	$	9,446
UNITED STATES — 98.6%
Communication Services — 17.1%
Activision Blizzard *		168		13,055
Alphabet, Cl A *		1,007		108,091
Alphabet, Cl C *		990		107,138
Charter Communications, Cl A *		33		12,167
Comcast, Cl A		904		37,399
Electronic Arts		59		7,510
Meta Platforms, Cl A *		479		115,113
Netflix *		96		31,673
Sirius XM Holdings .		860		3,268
T-Mobile US *		262		37,702
Warner Bros Discovery *		520		7,077
				480,193
Consumer Discretionary — 13.4%
Airbnb, Cl A *		89		10,651
Amazon.com *		1,699		179,160
Booking Holdings *		8		21,490
eBay		115		5,339
Lucid Group *		380		3,017
Lululemon Athletica *		26		9,878
Marriott International, Cl A		66		11,176
O'Reilly Automotive *		13		11,925
Rivian Automotive, Cl A *		202		2,590
Ross Stores		74		7,898
Starbucks		247		28,230
Tesla *		525		86,263
				377,617
Consumer Staples — 6.2%
Costco Wholesale		95		47,806
Dollar Tree *		47		7,224
Keurig Dr Pepper		302		9,875
Kraft Heinz		263		10,328
Mondelez International, Cl A .		293		22,479

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

213

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Monster Beverage *		224	$	12,544
PepsiCo		296		56,504
Walgreens Boots Alliance		184		6,486
				173,246
Energy — 0.4%
Baker Hughes, Cl A		221		6,462
Diamondback Energy		39		5,546
				12,008
Financials — 1.2%
Fiserv *		135		16,486
PayPal Holdings *		243		18,468
				34,954
Health Care — 6.0%
Align Technology *		16		5,205
Amgen .		115		27,570
Biogen *		31		9,431
Dexcom *		83		10,071
Gilead Sciences		268		22,032
IDEXX Laboratories *		18		8,859
Illumina *		34		6,989
Intuitive Surgical *		75		22,592
Moderna *		83		11,030
Regeneron Pharmaceuticals *		23		18,441
Seagen *		40		8,000
Vertex Pharmaceuticals *		55		18,740
				168,960
Industrials — 4.4%
Automatic Data Processing		89		19,580
Cintas		22		10,027
Copart *		102		8,063
CoStar Group *		89		6,849
CSX		442		13,543
Fastenal		122		6,569
Honeywell International .		144		28,777
Old Dominion Freight Line		24		7,689
PACCAR		112		8,365

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

214

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Paychex		77	$	8,459
Verisk Analytics, Cl A .		34		6,600
				124,521
Information Technology — 48.7%
Adobe *		98		37,001
Advanced Micro Devices *		346		30,922
Analog Devices		109		19,607
ANSYS *		19		5,965
Apple .		2,111		358,195
Applied Materials .		182		20,571
Atlassian, Cl A *		32		4,725
Autodesk *		46		8,960
Broadcom		90		56,385
Cadence Design Systems *		59		12,358
Cisco Systems		881		41,627
Cognizant Technology Solutions, Cl A		109		6,508
Crowdstrike Holdings, Cl A *		47		5,642
Datadog, Cl A *		65		4,380
Enphase Energy *		29		4,762
Fortinet *		168		10,592
GLOBALFOUNDRIES *		117		6,880
Intel .		889		27,612
Intuit .		60		26,637
KLA		30		11,596
Lam Research		29		15,198
Marvell Technology .		183		7,225
Microchip Technology		117		8,540
Micron Technology .		234		15,060
Microsoft		1,230		377,930
NVIDIA .		531		147,347
Palo Alto Networks *		65		11,860
QUALCOMM .		240		28,032
Synopsys *		33		12,254
Texas Instruments .		195		32,604
Workday, Cl A *		44		8,190
Zoom Video Communications, Cl A *		53		3,256
Zscaler *		31		2,793
				1,371,214

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

215

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Utilities — 1.2%
American Electric Power		110	$	10,166
Constellation Energy .		70		5,418
Exelon		213		9,040
Xcel Energy		118		8,249
				32,873
TOTAL UNITED STATES				2,775,586
TOTAL COMMON STOCK
(Cost $3,320,065)				2,832,578
PURCHASED OPTIONS — 0.5%
(Cost $78,672) .				14,960
TOTAL INVESTMENTS — 101.1%
(Cost $3,398,737)			$	2,847,538
WRITTEN OPTIONS— (1.2)%
(Premiums Received  $(33,522))			$	(32,495	)

Percentages are based on Net Assets of $2,816,416.

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

216

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Collar 95-110 ETF

A list of the exchange traded option contracts held by the Fund at April 30, 2023, is as follows:

	Number of			Notional			Exercise		Expiration
Description	Contracts			Amount			Price		Date	Value
PURCHASED OPTIONS — 0.5%
Put Options
Nasdaq-100		1		$	1,324,599		$	13,245.99	06/16/23	$	7,385
Nasdaq-100®
Reduced-Value
Index		5			1,324,600			2,649.20	06/16/23		7,575
Total Purchased
Options				$	2,649,199					$	14,960
WRITTEN OPTIONS — (1.2)%
Call Options
Nasdaq-100		(1	)	$	(1,324,599	)		13,245.99	06/16/23	$	(15,620	)
Nasdaq-100®
Reduced-Value
Index		(5	)		(1,324,600	)		2,649.20	06/16/23		(16,875	)
Total Written
Options				$	(2,649,199	)				$	(32,495	)

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options
	contracts. The aggregate market value of collateral at April 30, 2023 was
	$2,832,578.

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

217

Schedule of Investments	April 30, 2023 (Unaudited)
Global X NASDAQ 100® Collar 95-110 ETF

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments and other financial instruments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	2,832,578	$	—	$	—	$	2,832,578
Purchased Options		14,960		—		—		14,960
Total Investments in Securities	$	2,847,538	$	—	$	—	$	2,847,538

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(32,495	)	$	—	$	—	$	(32,495	)
Total Other Financial Instruments	$	(32,495	)	$	—	$	—	$	(32,495	)

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

See "Glossary" for abbreviations.

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

218

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — 99.7%(A)
CHINA — 0.1%
Information Technology — 0.1%
NXP Semiconductors .		23	$	3,766
UNITED STATES — 99.6%
Communication Services — 8.3%
Activision Blizzard *		64		4,973
Alphabet, Cl A *		534		57,320
Alphabet, Cl C *		466		50,431
AT&T		646		11,415
Charter Communications, Cl A *		9		3,318
Comcast, Cl A		376		15,555
DISH Network, Cl A *		17		128
Electronic Arts		26		3,309
Fox, Cl A		25		832
Fox, Cl B		10		305
Interpublic Group		33		1,179
Live Nation Entertainment *		12		813
Match Group *		24		886
Meta Platforms, Cl A *		200		48,064
Netflix *		40		13,197

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

219

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
News, Cl A .		30	$	528
News, Cl B .		6		107
Omnicom Group .		16		1,449
Paramount Global, Cl B		41		957
Take-Two Interactive Software *		14		1,740
T-Mobile US *		53		7,627
Verizon Communications		381		14,794
Walt Disney *		166		17,015
Warner Bros Discovery *		194		2,640
				258,582
Consumer Discretionary — 9.8%
Advance Auto Parts		5		628
Amazon.com *		800		84,360
Aptiv *		24		2,469
AutoZone *		2		5,327
Bath & Body Works .		26		913
Best Buy		17		1,267
Booking Holdings *		3		8,059
BorgWarner .		26		1,251
Caesars Entertainment *		18		815
CarMax *		13		910
Carnival *		91		838
Chipotle Mexican Grill, Cl A *		3		6,203
Darden Restaurants .		13		1,975
Domino's Pizza .		3		952
DR Horton		26		2,855
eBay		51		2,368
Etsy *		13		1,313
Expedia Group *		13		1,221
Ford Motor .		344		4,087
Garmin		13		1,276
General Motors		127		4,196
Genuine Parts .		12		2,020
Hasbro .		10		592
Hilton Worldwide Holdings .		26		3,745
Home Depot .		91		27,349
Las Vegas Sands *		26		1,660
Lennar, Cl A .		22		2,482
LKQ		26		1,501

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

220

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Lowe's		54	$	11,223
Marriott International, Cl A		24		4,064
McDonald's .		66		19,519
MGM Resorts International .		27		1,213
Mohawk Industries *		4		424
Newell Brands .		28		340
NIKE, Cl B		114		14,446
Norwegian Cruise Line Holdings *		33		441
O'Reilly Automotive *		6		5,504
Pool .		4		1,405
PulteGroup .		19		1,276
Ralph Lauren, Cl A .		3		344
Ross Stores		30		3,202
Royal Caribbean Cruises *		19		1,243
Starbucks		104		11,886
Tapestry .		20		816
Tesla *		241		39,599
TJX		105		8,276
Tractor Supply .		9		2,146
Ulta Beauty *		5		2,757
VF .		27		635
Whirlpool		4		558
Wynn Resorts *		9		1,029
Yum! Brands		25		3,515
				308,493
Consumer Staples — 7.4%
Altria Group .		162		7,697
Archer-Daniels-Midland		52		4,060
Brown-Forman, Cl B		17		1,107
Bunge .		14		1,310
Campbell Soup .		13		706
Church & Dwight		21		2,039
Clorox		13		2,153
Coca-Cola .		349		22,388
Colgate-Palmolive		75		5,985
Conagra Brands .		39		1,480
Constellation Brands, Cl A		14		3,213
Costco Wholesale		40		20,129
Dollar General .		20		4,429

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

221

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Dollar Tree *		19	$	2,920
Estee Lauder, Cl A .		21		5,181
General Mills		52		4,609
Hershey		13		3,550
Hormel Foods		25		1,011
J M Smucker .		9		1,390
Kellogg .		26		1,814
Keurig Dr Pepper		75		2,452
Kimberly-Clark		30		4,347
Kraft Heinz		71		2,788
Kroger		58		2,821
Lamb Weston Holdings .		12		1,342
McCormick .		22		1,933
Molson Coors Beverage, Cl B		13		773
Mondelez International, Cl A .		123		9,437
Monster Beverage *		68		3,808
PepsiCo		123		23,479
Philip Morris International		141		14,096
Procter & Gamble .		211		32,996
Sysco .		45		3,453
Target		41		6,468
Tyson Foods, Cl A		25		1,562
Walgreens Boots Alliance		63		2,221
Walmart		128		19,324
				230,471
Energy — 4.7%
APA .		27		995
Baker Hughes, Cl A		89		2,602
Chevron .		159		26,804
ConocoPhillips .		113		11,627
Coterra Energy		63		1,613
Devon Energy		58		3,099
Diamondback Energy		15		2,133
EOG Resources		52		6,212
EQT .		31		1,080
Exxon Mobil		369		43,668
Halliburton .		78		2,555
Hess		25		3,627
Kinder Morgan .		172		2,950

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

222

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Marathon Oil .		68	$	1,643
Marathon Petroleum		40		4,880
Occidental Petroleum .		65		3,999
ONEOK .		40		2,616
Phillips 66 .		42		4,158
Pioneer Natural Resources		21		4,569
Schlumberger		128		6,317
Targa Resources		19		1,435
Valero Energy .		35		4,013
Williams		109		3,298
				145,893
Financials — 13.0%
Aflac		50		3,492
Allstate		26		3,010
American Express .		54		8,712
American International Group		67		3,554
Ameriprise Financial		10		3,051
Aon, Cl A .		19		6,178
Arch Capital Group *		32		2,402
Arthur J Gallagher		19		3,953
Assurant .		4		493
Bank of America		635		18,593
Bank of New York Mellon		65		2,768
Berkshire Hathaway, Cl B *		162		53,225
BlackRock, Cl A .		13		8,726
Brown & Brown .		20		1,288
Capital One Financial		34		3,308
Cboe Global Markets .		9		1,257
Charles Schwab .		138		7,209
Chubb .		37		7,458
Cincinnati Financial .		14		1,490
Citigroup		175		8,237
Citizens Financial Group .		39		1,207
CME Group, Cl A .		32		5,945
Comerica		11		477
Discover Financial Services		24		2,483
Everest Re Group		4		1,512
FactSet Research Systems .		3		1,235
Fidelity National Information Services .		53		3,112

 

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

223

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Fifth Third Bancorp		60	$	1,572
First Republic Bank .		16		56
Fiserv *		57		6,961
FleetCor Technologies *		6		1,284
Franklin Resources		23		618
Global Payments		24		2,705
Globe Life .		8		868
Goldman Sachs Group		31		10,647
Hartford Financial Services Group .		26		1,846
Huntington Bancshares		126		1,411
Intercontinental Exchange .		49		5,338
Invesco		26		445
Jack Henry & Associates .		8		1,307
JPMorgan Chase .		263		36,357
KeyCorp		80		901
Lincoln National .		11		239
Loews .		13		748
M&T Bank .		17		2,139
MarketAxess Holdings .		3		955
Marsh & McLennan .		45		8,109
Mastercard, Cl A .		76		28,882
MetLife .		58		3,557
Moody's .		14		4,384
Morgan Stanley		117		10,526
MSCI, Cl A		7		3,377
Nasdaq .		27		1,495
Northern Trust .		18		1,407
PayPal Holdings *		103		7,828
PNC Financial Services Group		36		4,689
Principal Financial Group		20		1,494
Progressive		52		7,093
Prudential Financial .		33		2,871
Raymond James Financial .		17		1,539
Regions Financial .		81		1,479
S&P Global .		29		10,515
State Street .		32		2,312
Synchrony Financial		39		1,151
T Rowe Price Group		22		2,471
Travelers .		21		3,804

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

224

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Truist Financial		118	$	3,844
US Bancorp .		122		4,182
Visa, Cl A .		146		33,979
W R Berkley		18		1,061
Wells Fargo .		346		13,754
Willis Towers Watson		9		2,084
Zions Bancorp .		12		334
				408,993
Health Care — 14.4%
Abbott Laboratories .		156		17,233
AbbVie		158		23,877
Agilent Technologies		26		3,521
Align Technology *		7		2,277
AmerisourceBergen		16		2,670
Amgen .		48		11,508
Baxter International		44		2,098
Becton Dickinson		26		6,872
Biogen *		13		3,955
Bio-Rad Laboratories, Cl A *		2		902
Bio-Techne		13		1,038
Boston Scientific *		129		6,723
Bristol-Myers Squibb .		193		12,887
Cardinal Health		26		2,135
Catalent *		15		752
Centene *		51		3,515
Charles River Laboratories International *		4		760
Cigna Group		27		6,839
Cooper .		4		1,526
CVS Health .		119		8,724
Danaher		59		13,978
DaVita *		4		361
DENTSPLY SIRONA .		17		713
Dexcom *		35		4,247
Edwards Lifesciences *		55		4,839
Elevance Health		22		10,310
Eli Lilly		71		28,106
GE HealthCare Technologies *		33		2,684
Gilead Sciences		114		9,372
HCA Healthcare		19		5,459

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

225

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Henry Schein *		11	$	889
Hologic *		26		2,236
Humana		11		5,835
IDEXX Laboratories *		8		3,937
Illumina *		13		2,672
Incyte *		13		967
Insulet *		6		1,908
Intuitive Surgical *		31		9,338
IQVIA Holdings *		18		3,388
Johnson & Johnson .		234		38,306
Laboratory Corp of America Holdings		8		1,814
McKesson .		13		4,735
Medtronic		120		10,914
Merck .		227		26,212
Mettler-Toledo International *		2		2,983
Moderna *		31		4,120
Molina Healthcare *		5		1,489
Organon .		20		493
PerkinElmer		11		1,435
Pfizer		503		19,562
Quest Diagnostics .		10		1,388
Regeneron Pharmaceuticals *		10		8,018
ResMed		13		3,132
STERIS		10		1,885
Stryker .		30		8,990
Teleflex		4		1,090
Thermo Fisher Scientific		35		19,422
UnitedHealth Group		84		41,336
Universal Health Services, Cl B .		8		1,203
Vertex Pharmaceuticals *		23		7,837
Viatris, Cl W		103		961
Waters *		5		1,502
West Pharmaceutical Services		6		2,167
Zimmer Biomet Holdings .		19		2,630
Zoetis, Cl A .		42		7,383
				452,058
Industrials — 8.5%
3M		52		5,523
A O Smith .		10		683

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

226

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Tail Risk ETF

	Shares			Value
COMMON STOCK — continued
Industrials — continued
Alaska Air Group *		10		$	435
Allegion .		7			773
American Airlines Group *		53			723
AMETEK		20			2,759
Automatic Data Processing		38			8,360
Boeing *		51			10,546
Broadridge Financial Solutions .		10			1,454
Carrier Global		74			3,095
Caterpillar .		47			10,284
Ceridian HCM Holding *		13			825
CH Robinson Worldwide		13			1,311
Cintas		8			3,646
Copart *		42			3,320
CoStar Group *		36			2,770
CSX		198			6,067
Cummins		13			3,056
Deere .		25			9,450
Delta Air Lines *		56			1,921
Dover		12			1,754
Eaton		36			6,016
Emerson Electric		52			4,330
Equifax .		10			2,084
Expeditors International of Washington .		13			1,480
Fastenal		51			2,746
FedEx .		21			4,783
Fortive .		29			1,830
Generac Holdings *		5			511
General Dynamics		20			4,367
General Electric .		99			9,798
Honeywell International .		61			12,190
Howmet Aerospace .		39			1,727
Huntington Ingalls Industries		3			605
IDEX .		6			1,238
Illinois Tool Works		25	��		6,048
Ingersoll Rand .		35			1,996
Jacobs Solutions .		13			1,501
JB Hunt Transport Services		7			1,227
Johnson Controls International		62			3,710
L3Harris Technologies .		17			3,318

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

227

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Leidos Holdings		12	$	1,119
Lockheed Martin		21		9,753
Masco .		26		1,391
Nordson .		5		1,082
Norfolk Southern .		21		4,264
Northrop Grumman		13		5,997
Old Dominion Freight Line		9		2,884
Otis Worldwide		37		3,156
PACCAR		46		3,436
Parker-Hannifin		12		3,899
Paychex		28		3,076
Paycom Software *		4		1,161
Pentair		13		755
Quanta Services .		12		2,036
Raytheon Technologies		131		13,087
Republic Services, Cl A		18		2,603
Robert Half International		9		657
Rockwell Automation		10		2,834
Rollins .		16		676
Snap-On .		4		1,038
Southwest Airlines .		52		1,575
Stanley Black & Decker .		12		1,036
Textron		16		1,071
Trane Technologies .		20		3,716
TransDigm Group .		5		3,825
Union Pacific		55		10,763
United Airlines Holdings *		26		1,139
United Parcel Service, Cl B .		66		11,867
United Rentals .		6		2,167
Verisk Analytics, Cl A .		13		2,523
Waste Management .		34		5,646
Westinghouse Air Brake Technologies		16		1,563
WW Grainger .		4		2,782
Xylem .		16		1,661
				266,498
Information Technology — 25.5%
Accenture, Cl A		57		15,977
Adobe *		41		15,480
Advanced Micro Devices *		146		13,048

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

228

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Akamai Technologies *		13	$	1,066
Amphenol, Cl A .		52		3,924
Analog Devices		45		8,095
ANSYS *		8		2,511
Apple .		1,335		226,523
Applied Materials .		75		8,477
Arista Networks *		24		3,844
Autodesk *		19		3,701
Broadcom		37		23,180
Cadence Design Systems *		26		5,446
CDW		12		2,035
Cisco Systems		368		17,388
Cognizant Technology Solutions, Cl A		45		2,687
Corning .		67		2,226
DXC Technology *		18		429
Enphase Energy *		13		2,135
EPAM Systems *		5		1,412
F5*		4		537
Fair Isaac *		2		1,456
First Solar *		9		1,643
Fortinet *		58		3,657
Gartner *		8		2,420
Gen Digital		49		866
Hewlett Packard Enterprise		112		1,604
HP		76		2,258
Intel .		370		11,492
International Business Machines .		82		10,366
Intuit .		25		11,099
Juniper Networks .		27		814
Keysight Technologies *		16		2,314
KLA		13		5,025
Lam Research		12		6,289
Microchip Technology		49		3,576
Micron Technology .		98		6,307
Microsoft		668		205,250
Monolithic Power Systems .		4		1,848
Motorola Solutions		15		4,371
NetApp .		18		1,132
NVIDIA .		221		61,325

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

229

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
ON Semiconductor *		38	$	2,734
Oracle .		139		13,166
PTC *		9		1,132
Qorvo *		8		737
QUALCOMM .		102		11,914
Roper Technologies		10		4,548
Salesforce *		90		17,853
Seagate Technology Holdings .		16		940
ServiceNow *		18		8,270
Skyworks Solutions		13		1,377
SolarEdge Technologies *		6		1,714
Synopsys *		14		5,198
TE Connectivity		28		3,426
Teledyne Technologies *		4		1,658
Teradyne .		13		1,188
Texas Instruments .		81		13,543
Trimble *		26		1,225
Tyler Technologies *		3		1,137
VeriSign *		8		1,774
Western Digital *		26		895
Zebra Technologies, Cl A *		4		1,152
				800,814
Materials — 2.6%
Air Products & Chemicals .		20		5,887
Albemarle		12		2,226
Amcor		129		1,415
Avery Dennison .		9		1,570
Ball		27		1,436
Celanese, Cl A .		8		850
CF Industries Holdings		16		1,145
Corteva .		64		3,912
Dow		63		3,427
DuPont de Nemours .		44		3,068
Eastman Chemical .		13		1,095
Ecolab		22		3,692
FMC .		13		1,607
Freeport-McMoRan .		128		4,852
International Flavors & Fragrances		22		2,133
International Paper .		39		1,291

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

230

 

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
Linde		44	$	16,256
LyondellBasell Industries, Cl A		26		2,460
Martin Marietta Materials		6		2,179
Mosaic .		29		1,243
Newmont		70		3,318
Nucor		22		3,260
Packaging Corp of America .		10		1,353
PPG Industries		23		3,226
Sealed Air		12		576
Sherwin-Williams .		21		4,988
Steel Dynamics		15		1,559
Vulcan Materials		13		2,277
Westrock .		21		629
				82,930
Real Estate — 2.5%
Alexandria Real Estate Equities ‡		13		1,614
American Tower ‡		42		8,584
AvalonBay Communities ‡		12		2,164
Boston Properties ‡		12		640
Camden Property Trust ‡		9		990
CBRE Group, Cl A *		26		1,993
Crown Castle ‡		39		4,801
Digital Realty Trust ‡		25		2,479
Equinix ‡		8		5,793
Equity Residential ‡		35		2,214
Essex Property Trust ‡		5		1,099
Extra Space Storage ‡		12		1,824
Federal Realty Investment Trust ‡		5		494
Healthpeak Properties ‡		46		1,011
Host Hotels & Resorts ‡		60		970
Invitation Homes ‡		50		1,669
Iron Mountain ‡		25		1,381
Kimco Realty ‡		53		1,017
Mid-America Apartment Communities ‡		9		1,384
ProLogis ‡		83		10,396
Public Storage ‡		15		4,422
Realty Income ‡		56		3,519
Regency Centers ‡		13		799
SBA Communications, Cl A ‡		9		2,348

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

231

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Simon Property Group ‡		29	$	3,286
UDR ‡		26		1,075
Ventas ‡		42		2,018
VICI Properties, Cl A ‡		99		3,360
Welltower ‡		39		3,090
Weyerhaeuser ‡		65		1,944
				78,378
Utilities — 2.9%
AES .		55		1,301
Alliant Energy .		26		1,434
Ameren .		26		2,313
American Electric Power		46		4,251
American Water Works		16		2,372
Atmos Energy		12		1,370
CenterPoint Energy .		52		1,584
CMS Energy		25		1,557
Consolidated Edison		32		3,151
Constellation Energy .		29		2,245
Dominion Energy		75		4,286
DTE Energy .		17		1,911
Duke Energy		70		6,922
Edison International .		34		2,502
Entergy		17		1,829
Evergy		20		1,242
Eversource Energy .		31		2,406
Exelon		89		3,777
FirstEnergy		48		1,910
NextEra Energy .		180		13,793
NiSource .		34		968
NRG Energy		26		888
PG&E *		142		2,430
Pinnacle West Capital		13		1,020
PPL		64		1,838
Public Service Enterprise Group .		42		2,654
Sempra Energy .		28		4,354
Southern		97		7,134
WEC Energy Group .		26		2,500

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

232

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Utilities — continued
Xcel Energy		49	$	3,426
				89,368
TOTAL UNITED STATES				3,122,478
TOTAL COMMON STOCK
(Cost $3,286,434)				3,126,244
PURCHASED OPTIONS — 0.1%
(Cost $43,311) .				4,888
TOTAL INVESTMENTS — 99.8%
(Cost $3,329,745)			$	3,131,132

Percentages are based on Net Assets of $3,136,249.

A list of the exchange traded option contracts held by the Fund at April 30, 2023, is as follows:

	Number of		Notional		Exercise		Expiration
Description	Contracts		Amount		Price		Date	Value
PURCHASED OPTIONS — 0.1%
Put Options
Mini-SPX Index		4	$	166,780	$	416.95	06/16/23	$	268
S&P 500 Index		7		2,918,636		4,169.48	06/16/23		4,620
Total Purchased
Options			$	3,085,416				$	4,888

*	Non-income producing security.
‡	Real Estate Investment Trust
(A)	All or a portion of these securities has been segregated as collateral for options
	contracts. The aggregate market value of collateral at April 30, 2023 was
	$3,126,244.

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

233

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Tail Risk ETF

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	3,126,244	$	—	$	—	$	3,126,244
Purchased Options		4,888		—		—		4,888
Total Investments in Securities	$	3,131,132	$	—	$	—	$	3,131,132

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

See "Glossary" for abbreviations.

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

234

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — 101.9%(A)
CHINA — 0.1%
Information Technology — 0.1%
NXP Semiconductors .		192	$	31,438
UNITED STATES — 101.8%
Communication Services — 8.5%
Activision Blizzard *		552		42,896
Alphabet, Cl A *		4,497		482,708
Alphabet, Cl C *		3,920		424,222
AT&T		5,352		94,570
Charter Communications, Cl A *		78		28,759
Comcast, Cl A		3,163		130,853
DISH Network, Cl A *		253		1,900
Electronic Arts		192		24,438
Fox, Cl A		254		8,448
Fox, Cl B		127		3,879
Interpublic Group		294		10,505
Live Nation Entertainment *		127		8,608
Match Group *		212		7,823
Meta Platforms, Cl A *		1,680		403,738
Netflix *		335		110,526

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

235

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
News, Cl A .		351	$	6,181
News, Cl B .		127		2,254
Omnicom Group .		160		14,491
Paramount Global, Cl B		403		9,402
Take-Two Interactive Software *		121		15,039
T-Mobile US *		444		63,892
Verizon Communications		3,158		122,625
Walt Disney *		1,375		140,937
Warner Bros Discovery *		1,704		23,191
				2,181,885
Consumer Discretionary — 10.1%
Advance Auto Parts		41		5,147
Amazon.com *		6,735		710,206
Aptiv *		213		21,909
AutoZone *		14		37,286
Bath & Body Works .		158		5,546
Best Buy		151		11,253
Booking Holdings *		29		77,903
BorgWarner .		185		8,904
Caesars Entertainment *		186		8,424
CarMax *		127		8,894
Carnival *		693		6,383
Chipotle Mexican Grill, Cl A *		21		43,420
Darden Restaurants .		88		13,370
Domino's Pizza .		24		7,619
DR Horton		245		26,906
eBay		421		19,547
Etsy *		103		10,406
Expedia Group *		105		9,866
Ford Motor .		2,903		34,488
Garmin		127		12,468
General Motors		1,034		34,163
Genuine Parts .		114		19,187
Hasbro .		96		5,685
Hilton Worldwide Holdings .		197		28,372
Home Depot .		768		230,815
Las Vegas Sands *		250		15,963
Lennar, Cl A .		199		22,449
LKQ		198		11,431

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

236

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Lowe's		454	$	94,355
Marriott International, Cl A		211		35,731
McDonald's .		551		162,958
MGM Resorts International .		241		10,826
Mohawk Industries *		41		4,342
Newell Brands .		341		4,143
NIKE, Cl B		936		118,610
Norwegian Cruise Line Holdings *		363		4,846
NVR *		2		11,680
O'Reilly Automotive *		48		44,031
Pool .		27		9,486
PulteGroup .		175		11,751
Ralph Lauren, Cl A .		31		3,558
Ross Stores		254		27,109
Royal Caribbean Cruises *		159		10,403
Starbucks		863		98,632
Tapestry .		187		7,631
Tesla *		2,029		333,385
TJX		865		68,179
Tractor Supply .		88		20,979
Ulta Beauty *		40		22,057
VF .		254		5,972
Whirlpool		34		4,746
Wynn Resorts *		80		9,142
Yum! Brands		207		29,100
				2,601,662
Consumer Staples — 7.5%
Altria Group .		1,336		63,473
Archer-Daniels-Midland		405		31,622
Brown-Forman, Cl B		128		8,332
Bunge .		117		10,951
Campbell Soup .		172		9,340
Church & Dwight		177		17,190
Clorox		96		15,900
Coca-Cola .		2,932		188,088
Colgate-Palmolive		623		49,715
Conagra Brands .		377		14,311
Constellation Brands, Cl A		126		28,913
Costco Wholesale		335		168,579

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

237

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Dollar General .		166	$	36,762
Dollar Tree *		161		24,747
Estee Lauder, Cl A .		179		44,163
General Mills		439		38,909
Hershey		114		31,129
Hormel Foods		202		8,169
J M Smucker .		83		12,816
Kellogg .		198		13,814
Keurig Dr Pepper		677		22,138
Kimberly-Clark		250		36,222
Kraft Heinz		621		24,387
Kroger		479		23,294
Lamb Weston Holdings .		110		12,299
McCormick .		181		15,901
Molson Coors Beverage, Cl B		127		7,554
Mondelez International, Cl A .		1,021		78,331
Monster Beverage *		599		33,544
PepsiCo		1,038		198,144
Philip Morris International		1,165		116,465
Procter & Gamble .		1,779		278,200
Sysco .		399		30,619
Target		344		54,266
Tyson Foods, Cl A		222		13,873
Walgreens Boots Alliance		522		18,401
Walmart		1,056		159,424
				1,939,985
Energy — 4.8%
APA .		242		8,918
Baker Hughes, Cl A		773		22,603
Chevron .		1,342		226,234
ConocoPhillips .		919		94,556
Coterra Energy		637		16,307
Devon Energy		515		27,516
Diamondback Energy		141		20,050
EOG Resources		438		52,328
EQT .		308		10,731
Exxon Mobil		3,108		367,801
Halliburton .		704		23,056
Hess		205		29,737

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

238

 

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Kinder Morgan .		1,531	$	26,257
Marathon Oil .		517		12,491
Marathon Petroleum		338		41,236
Occidental Petroleum .		539		33,165
ONEOK .		347		22,697
Phillips 66 .		346		34,254
Pioneer Natural Resources		176		38,289
Schlumberger		1,060		52,311
Targa Resources		162		12,236
Valero Energy .		299		34,286
Williams		898		27,173
				1,234,232
Financials — 13.3%
Aflac		413		28,848
Allstate		194		22,457
American Express .		447		72,119
American International Group		548		29,066
Ameriprise Financial		78		23,799
Aon, Cl A .		153		49,753
Arch Capital Group *		283		21,245
Arthur J Gallagher		157		32,665
Assurant .		48		5,910
Bank of America		5,255		153,866
Bank of New York Mellon		577		24,574
Berkshire Hathaway, Cl B *		1,361		447,157
BlackRock, Cl A .		112		75,174
Brown & Brown .		166		10,689
Capital One Financial		294		28,606
Cboe Global Markets .		82		11,455
Charles Schwab .		1,141		59,606
Chubb .		310		62,484
Cincinnati Financial .		127		13,518
Citigroup		1,451		68,299
Citizens Financial Group .		378		11,695
CME Group, Cl A .		268		49,786
Comerica		99		4,294
Discover Financial Services		196		20,280
Everest Re Group		27		10,206
FactSet Research Systems .		30		12,351

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

239

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Fidelity National Information Services .		437	$	25,661
Fifth Third Bancorp		548		14,358
First Republic Bank .		149		523
Fiserv *		475		58,007
FleetCor Technologies *		61		13,049
Franklin Resources		254		6,827
Global Payments		193		21,753
Globe Life .		69		7,488
Goldman Sachs Group		254		87,234
Hartford Financial Services Group .		249		17,676
Huntington Bancshares		1,109		12,421
Intercontinental Exchange .		416		45,315
Invesco		361		6,184
Jack Henry & Associates .		52		8,494
JPMorgan Chase .		2,213		305,925
KeyCorp		786		8,850
Lincoln National .		127		2,760
Loews .		167		9,614
M&T Bank .		133		16,731
MarketAxess Holdings .		29		9,233
Marsh & McLennan .		371		66,850
Mastercard, Cl A .		636		241,699
MetLife .		487		29,868
Moody's .		117		36,635
Morgan Stanley		981		88,261
MSCI, Cl A		62		29,912
Nasdaq .		259		14,341
Northern Trust .		172		13,443
PayPal Holdings *		847		64,372
PNC Financial Services Group		313		40,768
Principal Financial Group		174		12,996
Progressive		437		59,607
Prudential Financial .		289		25,143
Raymond James Financial .		152		13,761
Regions Financial .		670		12,234
S&P Global .		247		89,557
State Street .		255		18,426
Synchrony Financial		357		10,535
T Rowe Price Group		173		19,433

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

240

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Travelers .		171	$	30,975
Truist Financial		982		31,994
US Bancorp .		1,072		36,748
Visa, Cl A .		1,226		285,327
W R Berkley		167		9,840
Wells Fargo .		2,865		113,884
Willis Towers Watson		78		18,065
Zions Bancorp .		127		3,538
				3,446,217
Health Care — 14.6%
Abbott Laboratories .		1,312		144,937
AbbVie		1,334		201,594
Agilent Technologies		219		29,659
Align Technology *		53		17,241
AmerisourceBergen		127		21,190
Amgen .		401		96,136
Baxter International		386		18,404
Becton Dickinson		212		56,034
Biogen *		107		32,553
Bio-Rad Laboratories, Cl A *		16		7,213
Bio-Techne		126		10,065
Boston Scientific *		1,070		55,768
Bristol-Myers Squibb .		1,598		106,698
Cardinal Health		211		17,323
Catalent *		157		7,869
Centene *		406		27,986
Charles River Laboratories International *		34		6,464
Cigna Group		223		56,484
Cooper .		39		14,877
CVS Health .		962		70,524
Danaher		493		116,797
DaVita *		43		3,885
DENTSPLY SIRONA .		151		6,331
Dexcom *		287		34,825
Edwards Lifesciences *		460		40,471
Elevance Health		179		83,888
Eli Lilly		595		235,537
GE HealthCare Technologies .		286		23,263
Gilead Sciences		935		76,866

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

241

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
HCA Healthcare		158	$	45,398
Henry Schein *		103		8,323
Hologic *		193		16,600
Humana		93		49,336
IDEXX Laboratories *		61		30,022
Illumina *		116		23,845
Incyte *		139		10,343
Insulet *		54		17,174
Intuitive Surgical *		263		79,221
IQVIA Holdings *		137		25,787
Johnson & Johnson .		1,973		322,980
Laboratory Corp of America Holdings		73		16,550
McKesson .		102		37,152
Medtronic		998		90,768
Merck .		1,911		220,663
Mettler-Toledo International *		17		25,355
Moderna *		245		32,558
Molina Healthcare *		46		13,703
Organon .		187		4,606
PerkinElmer		98		12,788
Pfizer		4,227		164,388
Quest Diagnostics .		80		11,105
Regeneron Pharmaceuticals *		81		64,945
ResMed		108		26,024
STERIS		79		14,895
Stryker .		253		75,811
Teleflex		32		8,721
Thermo Fisher Scientific		295		163,695
UnitedHealth Group		706		347,416
Universal Health Services, Cl B .		46		6,916
Vertex Pharmaceuticals *		193		65,761
Viatris, Cl W		1,039		9,694
Waters *		46		13,817
West Pharmaceutical Services		58		20,952
Zimmer Biomet Holdings .		154		21,320
Zoetis, Cl A .		349		61,347
				3,780,861
Industrials — 8.7%
3M		410		43,550

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

242

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
A O Smith .		95	$	6,488
Alaska Air Group *		93		4,042
Allegion .		68		7,513
American Airlines Group *		532		7,256
AMETEK		177		24,414
Automatic Data Processing		310		68,200
Boeing *		422		87,261
Broadridge Financial Solutions .		94		13,669
Carrier Global		657		27,476
Caterpillar .		390		85,332
Ceridian HCM Holding *		127		8,062
CH Robinson Worldwide		93		9,381
Cintas		64		29,169
Copart *		333		26,324
CoStar Group *		317		24,393
CSX		1,569		48,074
Cummins		111		26,089
Deere .		203		76,738
Delta Air Lines *		465		15,954
Dover		109		15,931
Eaton		296		49,468
Emerson Electric		424		35,302
Equifax .		98		20,421
Expeditors International of Washington .		125		14,230
Fastenal		419		22,559
FedEx .		172		39,178
Fortive .		277		17,476
Generac Holdings *		43		4,395
General Dynamics		174		37,991
General Electric .		816		80,760
Honeywell International .		502		100,320
Howmet Aerospace .		283		12,534
Huntington Ingalls Industries		27		5,445
IDEX .		59		12,173
Illinois Tool Works		207		50,082
Ingersoll Rand .		313		17,847
Jacobs Solutions .		98		11,315
JB Hunt Transport Services		66		11,569
Johnson Controls International		540		32,314

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

243

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
L3Harris Technologies .		147	$	28,687
Leidos Holdings		104		9,699
Lockheed Martin		170		78,956
Masco .		174		9,311
Nordson .		36		7,787
Norfolk Southern .		169		34,312
Northrop Grumman		108		49,817
Old Dominion Freight Line		67		21,466
Otis Worldwide		305		26,016
PACCAR		404		30,175
Parker-Hannifin		95		30,864
Paychex		237		26,037
Paycom Software *		38		11,034
Pentair		127		7,376
Quanta Services .		110		18,660
Raytheon Technologies		1,101		109,990
Republic Services, Cl A		150		21,693
Robert Half International		82		5,986
Rockwell Automation		85		24,090
Rollins .		158		6,675
Snap-On .		36		9,339
Southwest Airlines .		457		13,843
Stanley Black & Decker .		127		10,965
Textron		164		10,978
Trane Technologies .		169		31,402
TransDigm Group .		38		29,070
Union Pacific		460		90,022
United Airlines Holdings *		254		11,125
United Parcel Service, Cl B .		548		98,536
United Rentals .		51		18,417
Verisk Analytics, Cl A .		122		23,681
Waste Management .		277		45,996
Westinghouse Air Brake Technologies		150		14,651
WW Grainger .		35		24,345
Xylem .		137		14,226
				2,235,922
Information Technology — 26.1%
Accenture, Cl A		474		132,857
Adobe *		345		130,258

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

244

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Advanced Micro Devices *		1,212	$	108,316
Akamai Technologies *		127		10,410
Amphenol, Cl A .		465		35,094
Analog Devices		380		68,354
ANSYS *		64		20,091
Apple .		11,242		1,907,543
Applied Materials .		632		71,435
Arista Networks *		182		29,149
Autodesk *		168		32,725
Broadcom		314		196,721
Cadence Design Systems *		205		42,937
CDW		106		17,976
Cisco Systems		3,091		146,050
Cognizant Technology Solutions, Cl A		374		22,331
Corning .		556		18,470
DXC Technology *		163		3,888
Enphase Energy *		106		17,405
EPAM Systems *		45		12,710
F5 *		41		5,509
Fair Isaac *		20		14,559
First Solar *		72		13,146
Fortinet *		480		30,264
Gartner *		62		18,752
Gen Digital		392		6,927
Hewlett Packard Enterprise		987		14,134
HP		631		18,747
Intel .		3,106		96,472
International Business Machines .		678		85,706
Intuit .		211		93,673
Juniper Networks .		254		7,658
Keysight Technologies *		139		20,105
KLA		103		39,814
Lam Research		101		52,932
Microchip Technology		405		29,561
Micron Technology .		814		52,389
Microsoft		5,626		1,728,645
Monolithic Power Systems .		34		15,707
Motorola Solutions		124		36,134
NetApp .		167		10,503

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

245

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
NVIDIA .		1,858	$	515,576
ON Semiconductor *		340		24,466
Oracle .		1,155		109,402
PTC *		82		10,315
Qorvo *		78		7,182
QUALCOMM .		838		97,878
Roper Technologies		79		35,928
Salesforce *		753		149,373
Seagate Technology Holdings .		144		8,463
ServiceNow *		152		69,832
Skyworks Solutions		127		13,449
SolarEdge Technologies *		44		12,568
Synopsys *		114		42,330
TE Connectivity		234		28,635
Teledyne Technologies *		37		15,333
Teradyne .		127		11,605
Texas Instruments .		681		113,863
Trimble *		188		8,855
Tyler Technologies *		33		12,508
VeriSign *		75		16,635
Western Digital *		254		8,748
Zebra Technologies, Cl A *		36		10,369
				6,739,370
Materials — 2.7%
Air Products & Chemicals .		165		48,569
Albemarle		94		17,433
Amcor		1,134		12,440
Avery Dennison .		64		11,167
Ball		254		13,508
Celanese, Cl A .		84		8,924
CF Industries Holdings		139		9,950
Corteva .		528		32,271
Dow		548		29,811
DuPont de Nemours .		337		23,496
Eastman Chemical .		91		7,669
Ecolab		183		30,715
FMC .		97		11,987
Freeport-McMoRan .		1,064		40,336
International Flavors & Fragrances		204		19,780

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

246

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
International Paper .		250	$	8,277
Linde		371		137,066
LyondellBasell Industries, Cl A		199		18,827
Martin Marietta Materials		48		17,434
Mosaic .		272		11,655
Newmont		622		29,483
Nucor		187		27,710
Packaging Corp of America .		73		9,874
PPG Industries		179		25,106
Sealed Air		115		5,519
Sherwin-Williams .		181		42,995
Steel Dynamics		136		14,137
Vulcan Materials		104		18,212
Westrock .		190		5,687
				690,038
Real Estate — 2.6%
Alexandria Real Estate Equities ‡		115		14,281
American Tower ‡		349		71,332
AvalonBay Communities ‡		102		18,398
Boston Properties ‡		127		6,777
Camden Property Trust ‡		82		9,024
CBRE Group, Cl A *		256		19,625
Crown Castle ‡		322		39,635
Digital Realty Trust ‡		211		20,921
Equinix ‡		69		49,962
Equity Residential ‡		261		16,508
Essex Property Trust ‡		50		10,986
Extra Space Storage ‡		107		16,268
Federal Realty Investment Trust ‡		50		4,944
Healthpeak Properties ‡		405		8,898
Host Hotels & Resorts ‡		499		8,069
Invitation Homes ‡		446		14,883
Iron Mountain ‡		222		12,263
Kimco Realty ‡		504		9,672
Mid-America Apartment Communities ‡		90		13,842
ProLogis ‡		692		86,673
Public Storage ‡		123		36,264
Realty Income ‡		488		30,666
Regency Centers ‡		127		7,802

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

247

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
SBA Communications, Cl A ‡		79	$	20,610
Simon Property Group ‡		241		27,310
UDR ‡		254		10,498
Ventas ‡		326		15,664
VICI Properties, Cl A ‡		796		27,016
Welltower ‡		367		29,074
Weyerhaeuser ‡		568		16,989
				674,854
Utilities — 2.9%
AES .		509		12,043
Alliant Energy .		192		10,587
Ameren .		188		16,726
American Electric Power		381		35,212
American Water Works		153		22,682
Atmos Energy		107		12,213
CenterPoint Energy .		505		15,387
CMS Energy		223		13,884
Consolidated Edison		261		25,701
Constellation Energy .		252		19,505
Dominion Energy		618		35,313
DTE Energy .		140		15,737
Duke Energy		576		56,955
Edison International .		290		21,344
Entergy		164		17,643
Evergy		188		11,677
Eversource Energy .		268		20,799
Exelon		777		32,976
FirstEnergy		411		16,358
NextEra Energy .		1,494		114,485
NiSource .		306		8,709
NRG Energy		165		5,638
PG&E *		1,240		21,216
Pinnacle West Capital		78		6,120
PPL		567		16,284
Public Service Enterprise Group .		387		24,458
Sempra Energy .		234		36,385
Southern		814		59,870
WEC Energy Group .		246		23,658

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

248

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Utilities — continued
Xcel Energy		424	$	29,642
				759,207
TOTAL UNITED STATES				26,284,233
TOTAL COMMON STOCK
(Cost $26,929,815)				26,315,671
PURCHASED OPTIONS — 0.2%
(Cost $111,375) .				45,464
TOTAL INVESTMENTS — 102.1%
(Cost $27,041,190)			$	26,361,135
WRITTEN OPTIONS— (2.2)%
(Premiums Received  $(481,285))			$	(569,278	)

Percentages are based on Net Assets of $25,823,385.

A list of the exchange traded option contracts held by the Fund at April 30, 2023, is as follows:

	Number of			Notional			Exercise		Expiration
Description	Contracts			Amount			Price		Date	Value
PURCHASED OPTIONS — 0.2%
Put Options
Mini-SPX Index		21		$	875,595		$	416.95	05/19/23	$	1,544
S&P 500 Index		61			25,433,828			4,169.48	05/19/23		43,920
Total Purchased
Options				$	26,309,423					$	45,464
WRITTEN OPTIONS — (2.2)%
Call Options
Mini-SPX Index		(21	)	$	(875,595	)		416.95	05/19/23	$	(19,058	)
S&P 500 Index		(61	)		(25,433,828	)		4,169.48	05/19/23		(550,220	)
Total Written
Options				$	(26,309,423	)				$	(569,278	)

*	Non-income producing security.
‡	Real Estate Investment Trust

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

249

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

(A)  All or a portion of these securities has been segregated as collateral for options contracts. The aggregate market value of collateral at April 30, 2023 was$26,315,671. 

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments and other financial instruments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	26,315,671	$	—	$	—	$	26,315,671
Purchased Options		45,464		—		—		45,464
Total Investments in Securities	$	26,361,135	$	—	$	—	$	26,361,135

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(569,278	)	$	—	$	—	$	(569,278	)
Total Other Financial Instruments	$	(569,278	)	$	—	$	—	$	(569,278	)

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

See "Glossary" for abbreviations.

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

250

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — 100.2%(A)
CHINA — 0.1%
Information Technology — 0.1%
NXP Semiconductors .		30	$	4,912
UNITED STATES — 100.1%
Communication Services — 8.3%
Activision Blizzard *		83		6,450
Alphabet, Cl A *		687		73,743
Alphabet, Cl C *		599		64,824
AT&T		839		14,825
Charter Communications, Cl A *		12		4,424
Comcast, Cl A		484		20,023
DISH Network, Cl A *		32		240
Electronic Arts		32		4,073
Fox, Cl A		32		1,064
Fox, Cl B		16		489
Interpublic Group		48		1,715
Live Nation Entertainment *		16		1,085
Match Group *		31		1,144
Meta Platforms, Cl A *		257		61,762
Netflix *		52		17,156

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

251

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
News, Cl A .		48	$	845
News, Cl B .		16		284
Omnicom Group .		23		2,083
Paramount Global, Cl B		64		1,493
Take-Two Interactive Software *		19		2,362
T-Mobile US *		69		9,929
Verizon Communications		483		18,755
Walt Disney *		210		21,525
Warner Bros Discovery *		250		3,403
				333,696
Consumer Discretionary — 9.8%
Advance Auto Parts		7		879
Amazon.com *		1,029		108,508
Aptiv *		32		3,291
AutoZone *		2		5,327
Bath & Body Works .		32		1,123
Best Buy		24		1,788
Booking Holdings *		4		10,745
BorgWarner .		32		1,540
Caesars Entertainment *		21		951
CarMax *		16		1,120
Carnival *		132		1,216
Chipotle Mexican Grill, Cl A *		3		6,203
Darden Restaurants .		16		2,431
Domino's Pizza .		5		1,587
DR Horton		38		4,173
eBay		61		2,832
Etsy *		16		1,616
Expedia Group *		16		1,503
Ford Motor .		445		5,287
Garmin		16		1,571
General Motors		164		5,419
Genuine Parts .		16		2,693
Hasbro .		16		948
Hilton Worldwide Holdings .		32		4,609
Home Depot .		117		35,163
Las Vegas Sands *		41		2,618
Lennar, Cl A .		32		3,610
LKQ		32		1,847

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

252

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Lowe's		69	$	14,340
Marriott International, Cl A		31		5,250
McDonald's .		84		24,843
MGM Resorts International .		34		1,527
Mohawk Industries *		4		424
Newell Brands .		38		462
NIKE, Cl B		143		18,121
Norwegian Cruise Line Holdings *		38		507
O'Reilly Automotive *		7		6,421
Pool .		4		1,405
PulteGroup .		25		1,679
Ralph Lauren, Cl A .		3		344
Ross Stores		39		4,162
Royal Caribbean Cruises *		27		1,767
Starbucks		134		15,315
Tapestry .		32		1,306
Tesla *		310		50,936
TJX		135		10,641
Tractor Supply .		12		2,861
Ulta Beauty *		6		3,309
VF .		32		752
Whirlpool		5		698
Wynn Resorts *		11		1,257
Yum! Brands		32		4,499
				393,424
Consumer Staples — 7.4%
Altria Group .		208		9,882
Archer-Daniels-Midland		64		4,997
Brown-Forman, Cl B		16		1,041
Bunge .		17		1,591
Campbell Soup .		25		1,357
Church & Dwight		31		3,011
Clorox		16		2,650
Coca-Cola .		448		28,739
Colgate-Palmolive		96		7,661
Conagra Brands .		59		2,240
Constellation Brands, Cl A		18		4,130
Costco Wholesale		51		25,664
Dollar General .		26		5,758

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

253

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Dollar Tree *		24	$	3,689
Estee Lauder, Cl A .		27		6,661
General Mills		68		6,027
Hershey		16		4,369
Hormel Foods		32		1,294
J M Smucker .		13		2,007
Kellogg .		32		2,233
Keurig Dr Pepper		94		3,074
Kimberly-Clark		39		5,651
Kraft Heinz		91		3,574
Kroger		80		3,890
Lamb Weston Holdings .		16		1,789
McCormick .		27		2,372
Molson Coors Beverage, Cl B		25		1,487
Mondelez International, Cl A .		161		12,352
Monster Beverage *		88		4,928
PepsiCo		159		30,352
Philip Morris International		178		17,795
Procter & Gamble .		272		42,535
Sysco .		59		4,528
Target		53		8,361
Tyson Foods, Cl A		32		2,000
Walgreens Boots Alliance		80		2,820
Walmart		161		24,306
				296,815
Energy — 4.7%
APA .		34		1,253
Baker Hughes, Cl A		119		3,480
Chevron .		205		34,559
ConocoPhillips .		141		14,508
Coterra Energy		92		2,355
Devon Energy		77		4,114
Diamondback Energy		22		3,128
EOG Resources		69		8,243
EQT .		48		1,672
Exxon Mobil		475		56,212
Halliburton .		109		3,570
Hess		32		4,642
Kinder Morgan .		239		4,099

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

254

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Marathon Oil .		82	$	1,981
Marathon Petroleum		52		6,344
Occidental Petroleum .		86		5,292
ONEOK .		48		3,140
Phillips 66 .		54		5,346
Pioneer Natural Resources		28		6,091
Schlumberger		164		8,093
Targa Resources		27		2,039
Valero Energy .		45		5,160
Williams		138		4,176
				189,497
Financials — 13.1%
Aflac		64		4,470
Allstate		32		3,704
American Express .		70		11,294
American International Group		85		4,508
Ameriprise Financial		12		3,661
Aon, Cl A .		24		7,804
Arch Capital Group *		45		3,378
Arthur J Gallagher		23		4,785
Assurant .		6		739
Bank of America		803		23,512
Bank of New York Mellon		82		3,492
Berkshire Hathaway, Cl B *		208		68,338
BlackRock, Cl A .		17		11,410
Brown & Brown .		28		1,803
Capital One Financial		43		4,184
Cboe Global Markets .		10		1,397
Charles Schwab .		178		9,299
Chubb .		49		9,876
Cincinnati Financial .		20		2,129
Citigroup		227		10,685
Citizens Financial Group .		60		1,856
CME Group, Cl A .		41		7,617
Comerica		16		694
Discover Financial Services		32		3,311
Everest Re Group		4		1,512
FactSet Research Systems .		4		1,647
Fidelity National Information Services .		68		3,993

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

255

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Fifth Third Bancorp		80	$	2,096
First Republic Bank .		23		81
Fiserv *		73		8,915
FleetCor Technologies *		9		1,925
Franklin Resources		32		860
Global Payments		32		3,607
Globe Life .		8		868
Goldman Sachs Group		40		13,738
Hartford Financial Services Group .		37		2,627
Huntington Bancshares		160		1,792
Intercontinental Exchange .		65		7,081
Invesco		32		548
Jack Henry & Associates .		10		1,633
JPMorgan Chase .		338		46,725
KeyCorp		98		1,104
Lincoln National .		16		348
Loews .		27		1,554
M&T Bank .		19		2,390
MarketAxess Holdings .		3		955
Marsh & McLennan .		58		10,451
Mastercard, Cl A .		97		36,863
MetLife .		80		4,906
Moody's .		18		5,636
Morgan Stanley		150		13,496
MSCI, Cl A		9		4,342
Nasdaq .		36		1,993
Northern Trust .		27		2,110
PayPal Holdings *		130		9,880
PNC Financial Services Group		47		6,122
Principal Financial Group		25		1,867
Progressive		68		9,275
Prudential Financial .		43		3,741
Raymond James Financial .		21		1,901
Regions Financial .		98		1,790
S&P Global .		39		14,141
State Street .		39		2,818
Synchrony Financial		49		1,446
T Rowe Price Group		25		2,808
Travelers .		27		4,891

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

256

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Truist Financial		153	$	4,985
US Bancorp .		158		5,416
Visa, Cl A .		187		43,521
W R Berkley		24		1,414
Wells Fargo .		438		17,411
Willis Towers Watson		13		3,011
Zions Bancorp .		16		446
				526,626
Health Care — 14.5%
Abbott Laboratories .		201		22,204
AbbVie		204		30,829
Agilent Technologies		34		4,605
Align Technology *		8		2,602
AmerisourceBergen		19		3,170
Amgen .		62		14,864
Baxter International		55		2,622
Becton Dickinson		33		8,722
Biogen *		16		4,868
Bio-Rad Laboratories, Cl A *		2		902
Bio-Techne		20		1,598
Boston Scientific *		166		8,652
Bristol-Myers Squibb .		244		16,292
Cardinal Health		32		2,627
Catalent *		23		1,153
Centene *		66		4,549
Charles River Laboratories International *		7		1,331
Cigna Group		34		8,612
Cooper .		5		1,907
CVS Health .		147		10,777
Danaher		75		17,768
DaVita *		5		452
DENTSPLY SIRONA .		29		1,216
Dexcom *		44		5,339
Edwards Lifesciences *		72		6,335
Elevance Health		28		13,122
Eli Lilly		91		36,023
GE HealthCare Technologies .		42		3,416
Gilead Sciences		146		12,003
HCA Healthcare		25		7,183

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

257

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Henry Schein *		16	$	1,293
Hologic *		27		2,322
Humana		14		7,427
IDEXX Laboratories *		10		4,922
Illumina *		18		3,700
Incyte *		25		1,860
Insulet *		8		2,544
Intuitive Surgical *		41		12,350
IQVIA Holdings *		21		3,953
Johnson & Johnson .		301		49,274
Laboratory Corp of America Holdings		10		2,267
McKesson .		16		5,828
Medtronic		156		14,188
Merck .		292		33,717
Mettler-Toledo International *		3		4,475
Moderna *		38		5,050
Molina Healthcare *		6		1,787
Organon .		32		788
PerkinElmer		14		1,827
Pfizer		646		25,123
Quest Diagnostics .		13		1,805
Regeneron Pharmaceuticals *		12		9,621
ResMed		16		3,855
STERIS		13		2,451
Stryker .		39		11,686
Teleflex		4		1,090
Thermo Fisher Scientific		45		24,971
UnitedHealth Group		108		53,146
Universal Health Services, Cl B .		7		1,052
Vertex Pharmaceuticals *		30		10,222
Viatris, Cl W		128		1,194
Waters *		7		2,103
West Pharmaceutical Services		9		3,251
Zimmer Biomet Holdings .		27		3,738
Zoetis, Cl A .		54		9,492
				580,115
Industrials — 8.5%
3M		65		6,904
A O Smith .		16		1,093

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

258

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Alaska Air Group *		16	$	695
Allegion .		12		1,326
American Airlines Group *		66		900
AMETEK		28		3,862
Automatic Data Processing		48		10,560
Boeing *		65		13,441
Broadridge Financial Solutions .		12		1,745
Carrier Global		97		4,057
Caterpillar .		61		13,347
Ceridian HCM Holding *		15		952
CH Robinson Worldwide		16		1,614
Cintas		10		4,558
Copart *		48		3,794
CoStar Group *		45		3,463
CSX		250		7,660
Cummins		16		3,761
Deere .		31		11,719
Delta Air Lines *		78		2,676
Dover		16		2,339
Eaton		46		7,687
Emerson Electric		68		5,662
Equifax .		13		2,709
Expeditors International of Washington .		16		1,821
Fastenal		64		3,446
FedEx .		26		5,922
Fortive .		41		2,587
Generac Holdings *		7		716
General Dynamics		26		5,677
General Electric .		127		12,569
Honeywell International .		79		15,787
Howmet Aerospace .		48		2,126
Huntington Ingalls Industries		4		807
IDEX .		9		1,857
Illinois Tool Works		32		7,742
Ingersoll Rand .		48		2,737
Jacobs Solutions .		16		1,847
JB Hunt Transport Services		11		1,928
Johnson Controls International		80		4,787
L3Harris Technologies .		22		4,293

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

259

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Leidos Holdings		16	$	1,492
Lockheed Martin		26		12,076
Masco .		24		1,284
Nordson .		5		1,082
Norfolk Southern .		27		5,482
Northrop Grumman		17		7,842
Old Dominion Freight Line		10		3,204
Otis Worldwide		48		4,094
PACCAR		57		4,257
Parker-Hannifin		16		5,198
Paychex		36		3,955
Paycom Software *		6		1,742
Pentair		16		929
Quanta Services .		16		2,714
Raytheon Technologies		168		16,783
Republic Services, Cl A		23		3,326
Robert Half International		16		1,168
Rockwell Automation		14		3,968
Rollins .		22		929
Snap-On .		5		1,297
Southwest Airlines .		64		1,939
Stanley Black & Decker .		16		1,381
Textron		23		1,540
Trane Technologies .		26		4,831
TransDigm Group .		6		4,590
Union Pacific		70		13,699
United Airlines Holdings *		32		1,402
United Parcel Service, Cl B .		86		15,464
United Rentals .		9		3,250
Verisk Analytics, Cl A .		20		3,882
Waste Management .		43		7,140
Westinghouse Air Brake Technologies		20		1,953
WW Grainger .		5		3,478
Xylem .		22		2,284
				342,828
Information Technology — 25.7%
Accenture, Cl A		72		20,181
Adobe *		53		20,011
Advanced Micro Devices *		185		16,534

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

260

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Akamai Technologies *		16	$	1,312
Amphenol, Cl A .		68		5,132
Analog Devices		58		10,433
ANSYS *		10		3,139
Apple .		1,720		291,850
Applied Materials .		97		10,964
Arista Networks *		29		4,645
Autodesk *		26		5,065
Broadcom		48		30,072
Cadence Design Systems *		32		6,702
CDW		16		2,713
Cisco Systems		473		22,349
Cognizant Technology Solutions, Cl A		61		3,642
Corning .		80		2,658
DXC Technology *		32		763
Enphase Energy *		16		2,627
EPAM Systems *		7		1,977
F5 *		7		941
Fair Isaac *		3		2,184
First Solar *		11		2,008
Fortinet *		80		5,044
Gartner *		10		3,025
Gen Digital		64		1,131
Hewlett Packard Enterprise		144		2,062
HP		103		3,060
Intel .		481		14,940
International Business Machines .		106		13,400
Intuit .		33		14,650
Juniper Networks .		32		965
Keysight Technologies *		22		3,182
KLA		16		6,185
Lam Research		16		8,385
Microchip Technology		64		4,671
Micron Technology .		125		8,045
Microsoft		859		263,936
Monolithic Power Systems .		5		2,310
Motorola Solutions		19		5,537
NetApp .		27		1,698
NVIDIA .		284		78,807

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

261

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
ON Semiconductor *		49	$	3,526
Oracle .		179		16,955
PTC *		14		1,761
Qorvo *		11		1,013
QUALCOMM .		128		14,950
Roper Technologies		12		5,457
Salesforce *		117		23,209
Seagate Technology Holdings .		22		1,293
ServiceNow *		23		10,567
Skyworks Solutions		16		1,694
SolarEdge Technologies *		7		1,999
Synopsys *		17		6,312
TE Connectivity		36		4,405
Teledyne Technologies *		5		2,072
Teradyne .		16		1,462
Texas Instruments .		104		17,389
Trimble *		32		1,507
Tyler Technologies *		4		1,516
VeriSign *		11		2,440
Western Digital *		32		1,102
Zebra Technologies, Cl A *		5		1,440
				1,031,004
Materials — 2.6%
Air Products & Chemicals .		26		7,653
Albemarle		14		2,596
Amcor		162		1,777
Avery Dennison .		11		1,919
Ball		32		1,702
Celanese, Cl A .		11		1,169
CF Industries Holdings		24		1,718
Corteva .		80		4,890
Dow		80		4,352
DuPont de Nemours .		52		3,625
Eastman Chemical .		16		1,348
Ecolab		29		4,867
FMC .		16		1,977
Freeport-McMoRan .		165		6,255
International Flavors & Fragrances		32		3,103
International Paper .		48		1,589

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

262

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
Linde		57	$	21,059
LyondellBasell Industries, Cl A		32		3,027
Martin Marietta Materials		8		2,906
Mosaic .		36		1,543
Newmont		90		4,266
Nucor		29		4,297
Packaging Corp of America .		10		1,353
PPG Industries		27		3,787
Sealed Air		16		768
Sherwin-Williams .		27		6,414
Steel Dynamics		20		2,079
Vulcan Materials		16		2,802
Westrock .		32		958
				105,799
Real Estate — 2.6%
Alexandria Real Estate Equities ‡		16		1,987
American Tower ‡		54		11,037
AvalonBay Communities ‡		16		2,886
Boston Properties ‡		16		854
Camden Property Trust ‡		11		1,210
CBRE Group, Cl A *		35		2,683
Crown Castle ‡		50		6,154
Digital Realty Trust ‡		32		3,173
Equinix ‡		11		7,965
Equity Residential ‡		44		2,783
Essex Property Trust ‡		7		1,538
Extra Space Storage ‡		16		2,433
Federal Realty Investment Trust ‡		10		989
Healthpeak Properties ‡		64		1,406
Host Hotels & Resorts ‡		80		1,293
Invitation Homes ‡		65		2,169
Iron Mountain ‡		32		1,768
Kimco Realty ‡		64		1,228
Mid-America Apartment Communities ‡		12		1,846
ProLogis ‡		108		13,527
Public Storage ‡		19		5,602
Realty Income ‡		75		4,713
Regency Centers ‡		16		983
SBA Communications, Cl A ‡		12		3,131

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

263

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Simon Property Group ‡		37	$	4,193
UDR ‡		32		1,322
Ventas ‡		52		2,499
VICI Properties, Cl A ‡		123		4,175
Welltower ‡		57		4,515
Weyerhaeuser ‡		80		2,393
				102,455
Utilities — 2.9%
AES .		70		1,656
Alliant Energy .		32		1,765
Ameren .		32		2,847
American Electric Power		60		5,545
American Water Works		23		3,410
Atmos Energy		16		1,826
CenterPoint Energy .		78		2,377
CMS Energy		32		1,992
Consolidated Edison		39		3,840
Constellation Energy .		35		2,709
Dominion Energy		101		5,771
DTE Energy .		25		2,810
Duke Energy		89		8,800
Edison International .		43		3,165
Entergy		26		2,797
Evergy		25		1,553
Eversource Energy .		37		2,872
Exelon		110		4,668
FirstEnergy		64		2,547
NextEra Energy .		232		17,778
NiSource .		48		1,366
NRG Energy		32		1,094
PG&E *		200		3,422
Pinnacle West Capital		16		1,255
PPL		80		2,298
Public Service Enterprise Group .		56		3,539
Sempra Energy .		36		5,598
Southern		125		9,194
WEC Energy Group .		36		3,462

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

264

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Utilities — continued
Xcel Energy		64	$	4,474
				116,430
TOTAL UNITED STATES				4,018,689
TOTAL COMMON STOCK
(Cost $4,175,125)				4,023,601
PURCHASED OPTIONS — 0.3%
(Cost $90,986) .				12,414
TOTAL INVESTMENTS — 100.5%
(Cost $4,266,111)			$	4,036,015
WRITTEN OPTIONS— (0.6)%
(Premiums Received  $(22,408))			$	(23,880	)

Percentages are based on Net Assets of $4,016,038.

A list of the exchange traded option contracts held by the Fund at April 30, 2023, is as follows:

	Number of			Notional			Exercise		Expiration
Description	Contracts			Amount			Price		Date	Value
PURCHASED OPTIONS — 0.3%
Put Options
Mini-SPX Index		6		$	250,170		$	416.95	06/16/23	$	804
S&P 500 Index		9			3,752,532			4,169.48	06/16/23		11,610
Total Purchased
Options				$	4,002,702					$	12,414
WRITTEN OPTIONS — (0.6)%
Call Options
Mini-SPX Index		(6	)	$	(250,170	)		416.95	06/16/23	$	(1,875	)
S&P 500 Index		(9	)		(3,752,532	)		4,169.48	06/16/23		(22,005	)
Total Written
Options				$	(4,002,702	)				$	(23,880	)

*	Non-income producing security.
‡	Real Estate Investment Trust

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

265

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® Collar 95-110 ETF

(A)  All or a portion of these securities has been segregated as collateral for options contracts. The aggregate market value of collateral at April 30, 2023 was $4,023,601. 

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments and other financial instruments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	4,023,601	$	—	$	—	$	4,023,601
Purchased Options		12,414		—		—		12,414
Total Investments in Securities	$	4,036,015	$	—	$	—	$	4,036,015

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(23,880	)	$	—	$	—	$	(23,880	)
Total Other Financial Instruments	$	(23,880	)	$	—	$	—	$	(23,880	)

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

See "Glossary" for abbreviations.

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

266

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Disruptive Materials ETF

	Shares		Value
COMMON STOCK — 100.0%
AUSTRALIA — 10.9%
Materials — 10.9%
Allkem *		22,978	$	186,016
IGO		26,490		240,707
Lynas Rare Earths *		36,855		156,607
Syrah Resources *		24,637		18,805
TOTAL AUSTRALIA				602,135
CANADA — 2.1%
Materials — 2.1%
HudBay Minerals		9,364		46,879
Lithium Americas *		3,540		70,680
TOTAL CANADA				117,559
CHILE — 7.5%
Materials — 7.5%
Antofagasta .		11,650		213,859
Lundin Mining		26,099		199,163
TOTAL CHILE				413,022
CHINA — 29.8%
Industrials — 5.4%
Eve Energy, Cl A		22,200		210,192
Fangda Carbon New Material, Cl A *		97,000		90,369
				300,561
Materials — 24.4%
China Nonferrous Mining		45,100		22,981

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

267

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Disruptive Materials ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
China Northern Rare Earth Group High-Tech,
Cl A		56,900	$	206,782
China Rare Earth Resources And Technology,
Cl A *		22,800		111,345
Ganfeng Lithium Group, Cl H .		15,942		104,487
MMG *		110,100		40,113
Nanjing Hanrui Cobalt, Cl A		8,500		40,712
Shenghe Resources Holding, Cl A		43,200		85,923
Sinofibers Technology, Cl A		12,300		93,131
South Manganese Investment *(A)		142,300		6,730
Tongling Nonferrous Metals Group, Cl A .		251,700		119,611
Weihai Guangwei Composites, Cl A		11,600		87,345
Western Mining, Cl A		60,400		114,636
Xiangtan Electrochemical Scientific, Cl A		14,500		23,792
Yunnan Chihong Zinc&Germanium, Cl A		113,300		89,190
Zhejiang Huayou Cobalt, Cl A .		26,530		199,265
				1,346,043
TOTAL CHINA				1,646,604
FINLAND — 0.2%
Materials — 0.2%
Jervois Global *		202,062		11,751
FRANCE — 0.5%
Materials — 0.5%
Eramet .		320		31,124
GERMANY — 0.3%
Industrials — 0.3%
SGL Carbon *		2,200		20,256
INDONESIA — 1.5%
Materials — 1.5%
Nickel Industries		68,253		42,850
Vale Indonesia *		81,142		38,580
TOTAL INDONESIA				81,430

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

268

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Disruptive Materials ETF

	Shares		Value
COMMON STOCK — continued
JAPAN — 5.8%
Industrials — 0.3%
Nippon Carbon .		548	$	16,742
Materials — 5.5%
Nippon Denko .		6,294		15,947
Sumitomo Metal Mining		6,001		220,754
Tokai Carbon .		7,286		65,709
				302,410
TOTAL JAPAN				319,152
MEXICO — 4.3%
Materials — 4.3%
Southern Copper .		3,086		237,097
NETHERLANDS — 0.8%
Materials — 0.8%
AMG Advanced Metallurgical Group		1,200		44,751
SOUTH AFRICA — 14.8%
Materials — 14.8%
African Rainbow Minerals		8,919		112,050
Anglo American		6,874		211,246
Anglo American Platinum .		2,259		133,836
Impala Platinum Holdings .		23,088		224,443
Northam Platinum Holdings *		11,878		116,313
Royal Bafokeng Platinum		2,531		19,871
TOTAL SOUTH AFRICA				817,759
SWEDEN — 3.7%
Materials — 3.7%
Boliden .		5,710		203,856
UNITED STATES — 13.1%
Industrials — 0.7%
GrafTech International		7,617		35,876
Materials — 12.4%
Albemarle		1,013		187,871

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

269

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Disruptive Materials ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
Freeport-McMoRan .		5,786	$	219,347
Livent *		7,069		154,458
MP Materials *		5,764		124,906
				686,582
TOTAL UNITED STATES				722,458
ZAMBIA — 4.7%
Materials — 4.7%
First Quantum Minerals		10,667		258,908
TOTAL COMMON STOCK
(Cost $6,606,753)				5,527,862
TOTAL INVESTMENTS — 100.0%
(Cost $6,606,753)			$	5,527,862

Percentages are based on Net Assets of $5,527,824.
*	Non-income producing security.
(A)	Level 3 security in accordance with fair value hierarchy.

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3(1)		Total
Common Stock	$	5,521,132	$	—	$	6,730	$	5,527,862
Total Investments in Securities	$	5,521,132	$	—	$	6,730	$	5,527,862

(1) A reconciliation of Level 3 investments and disclosures of significant unobservable inputs are presented when the Fund has a significant amount of Level 3 investments at the end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets.

See "Glossary" for abbreviations.

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

270

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Dow 30® Covered Call ETF

	Shares		Value
COMMON STOCK — 101.3%(A)
UNITED STATES — 101.3%
Communication Services — 2.8%
Verizon Communications		14,340	$	556,822
Walt Disney *		14,340		1,469,850
				2,026,672
Consumer Discretionary — 14.1%
Home Depot .		14,340		4,309,743
McDonald's .		14,340		4,241,055
NIKE, Cl B		14,340		1,817,165
				10,367,963
Consumer Staples — 8.0%
Coca-Cola .		14,340		919,911
Procter & Gamble .		14,340		2,242,489
Walgreens Boots Alliance		14,340		505,485
Walmart		14,340		2,164,910
				5,832,795
Energy — 3.3%
Chevron .		14,340		2,417,437

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

271

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Dow 30® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — 20.7%
American Express .		14,340	$	2,313,615
Goldman Sachs Group		14,340		4,924,930
JPMorgan Chase .		14,340		1,982,362
Travelers .		14,340		2,597,548
Visa, Cl A .		14,340		3,337,348
				15,155,803
Health Care — 19.8%
Amgen .		14,340		3,437,871
Johnson & Johnson .		14,340		2,347,458
Merck .		14,340		1,655,840
UnitedHealth Group		14,340		7,056,571
				14,497,740
Industrials — 14.3%
3M		14,340		1,523,195
Boeing *		14,340		2,965,225
Caterpillar .		14,340		3,137,592
Honeywell International .		14,340		2,865,706
				10,491,718
Information Technology — 17.2%
Apple .		14,340		2,433,211
Cisco Systems		14,340		677,565
Intel .		14,340		445,401
International Business Machines .		14,340		1,812,719
Microsoft		14,340		4,406,108
Salesforce *		14,340		2,844,626
				12,619,630
Materials — 1.1%
Dow		14,340		780,096
TOTAL UNITED STATES				74,189,854
TOTAL COMMON STOCK
(Cost $69,215,670)				74,189,854
TOTAL INVESTMENTS — 101.3%
(Cost $69,215,670)			$	74,189,854

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

272

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Dow 30® Covered Call ETF

	Value
WRITTEN OPTIONS— (1.4)%
(Premiums Received  $(795,180))	$	(1,005,938	)
Percentages are based on Net Assets of $73,272,062.

A list of the exchange traded option contracts held by the Fund at April 30, 2023, is as follows:

	Number of			Notional			Exercise		Expiration
Description	Contracts			Amount			Price		Date	Value
WRITTEN OPTIONS — (1.4)%
Call Options
Dow Jones Industrial
Average		(2,175	)	$	(74,163,150	)	$	340.98	05/19/23	$	(1,005,938	)

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options
	contracts. The aggregate market value of collateral at April 30, 2023 was
	$74,189,854.

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments and other financial instruments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	74,189,854	$	—	$	—	$	74,189,854
Total Investments in Securities	$	74,189,854	$	—	$	—	$	74,189,854

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(1,005,938	)	$	—	$	—	$	(1,005,938	)
Total Other Financial Instruments	$	(1,005,938	)	$	—	$	—	$	(1,005,938	)

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

See "Glossary" for abbreviations.

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

273

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call & Growth ETF

	Shares		Value
EXCHANGE TRADED FUND — 100.6%(A)
Vanguard Russell 2000 ETF
(Cost $2,730,674)		37,965	$	2,687,163
TOTAL INVESTMENTS — 100.6%
(Cost $2,730,674)			$	2,687,163
WRITTEN OPTIONS— (0.7)%
(Premiums Received  $(33,717))			$	(19,743	)

Percentages are based on Net Assets of $2,671,608.

A list of the exchange traded option contracts held by the Fund at April 30, 2023, is as follows:

	Number of			Notional			Exercise		Expiration
Description	Contracts			Amount			Price		Date	Value
WRITTEN OPTIONS — (0.7)%
Call Options
Cboe Mini-Russell
2000 Index		(6	)	$	(106,139	)	$	176.90	05/19/23	$	(1,578	)
Russell 2000 Index		(7	)		(1,238,291	)		1,768.99	05/19/23		(18,165	)
Total Written
Options				$	(1,344,430	)				$	(19,743	)

(A)  All or a portion of these securities has been segregated as collateral for options contracts. The aggregate market value of collateral at April 30, 2023 was $2,687,163. 

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

274

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Russell 2000 Covered Call & Growth ETF

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments and other financial instruments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Exchange Traded Fund	$	2,687,163	$	—	$	—	$	2,687,163
Total Investments in Securities	$	2,687,163	$	—	$	—	$	2,687,163

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(19,743	)	$	—	$	—	$	(19,743	)
Total Other Financial Instruments	$	(19,743	)	$	—	$	—	$	(19,743	)

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

See "Glossary" for abbreviations.

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

275

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Financials Covered Call & Growth ETF

	Shares		Value
EXCHANGE TRADED FUND — 55.5%(A)
Financial Select Sector SPDR Fund
(Cost $1,370,961)		38,794	$	1,286,797
COMMON STOCK — 45.6%(A)
UNITED STATES — 45.6%
Financials — 45.6%
Aflac		129		9,011
Allstate		60		6,946
American Express .		138		22,265
American International Group		171		9,070
Ameriprise Financial		24		7,323
Aon, Cl A .		48		15,609
Arch Capital Group *		85		6,381
Arthur J Gallagher		49		10,195
Assurant .		12		1,478
Bank of America		1,627		47,639
Bank of New York Mellon		169		7,198
Berkshire Hathaway, Cl B *		418		137,334
BlackRock, Cl A .		35		23,492
Brown & Brown .		53		3,413
Capital One Financial		88		8,562
Cboe Global Markets .		24		3,353
Charles Schwab .		354		18,493
Chubb .		96		19,350
Cincinnati Financial .		36		3,832
Citigroup		450		21,181
Citizens Financial Group .		111		3,434
CME Group, Cl A .		83		15,419
Comerica		29		1,258

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

276

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Financials Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Discover Financial Services		61	$	6,312
Everest Re Group		10		3,780
FactSet Research Systems .		9		3,705
Fidelity National Information Services .		136		7,986
Fifth Third Bancorp		155		4,061
First Republic Bank .		50		176
Fiserv *		147		17,952
FleetCor Technologies *		17		3,637
Franklin Resources		64		1,720
Global Payments		60		6,763
Globe Life .		20		2,170
Goldman Sachs Group		79		27,132
Hartford Financial Services Group .		72		5,111
Huntington Bancshares		325		3,640
Intercontinental Exchange .		129		14,052
Invesco		102		1,747
Jack Henry & Associates .		16		2,613
JPMorgan Chase .		681		94,141
KeyCorp		207		2,331
Lincoln National .		40		869
Loews .		43		2,476
M&T Bank .		39		4,906
MarketAxess Holdings .		9		2,865
Marsh & McLennan .		115		20,722
Mastercard, Cl A .		196		74,486
MetLife .		152		9,322
Moody's .		36		11,272
Morgan Stanley		304		27,351
MSCI, Cl A		18		8,684
Nasdaq .		77		4,263
Northern Trust .		47		3,674
PayPal Holdings *		263		19,988
PNC Financial Services Group		93		12,113
Principal Financial Group		51		3,809
Progressive		136		18,550
Prudential Financial .		84		7,308
Raymond James Financial .		44		3,983
Regions Financial .		211		3,853
S&P Global .		77		27,919

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

277

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Financials Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
State Street .		80	$	5,781
Synchrony Financial		98		2,892
T Rowe Price Group		51		5,729
Travelers .		53		9,600
Truist Financial		306		9,969
US Bancorp .		322		11,038
Visa, Cl A .		377		87,739
W R Berkley		46		2,710
Wells Fargo .		887		35,258
Willis Towers Watson		24		5,558
Zions Bancorp .		40		1,114
TOTAL UNITED STATES				1,057,066
TOTAL COMMON STOCK
(Cost $1,094,056)				1,057,066
TOTAL INVESTMENTS — 101.1%
(Cost $2,465,017)			$	2,343,863
WRITTEN OPTIONS— (1.1)%
(Premiums Received ��$(34,132))			$	(25,944	)

Percentages are based on Net Assets of $2,319,298.

A list of the exchange traded option contracts held by the Fund at April 30, 2023, is as follows:

Number of

Notional

Exercise

Expiration

Description

Contracts

Amount

Price

Date

Value

WRITTEN OPTIONS — (1.1)%

Call Options

The Financial Select

Sector SPDR®

Fund

(355

)$

(1,177,535

)

$

33.17

05/19/23

$

(25,944

)

* Non-income producing security.

(A)  All or a portion of these securities has been segregated as collateral for options contracts. The aggregate market value of collateral at April 30, 2023 was $2,343,863. 

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

278

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Financials Covered Call & Growth ETF

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments and other financial instruments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Exchange Traded Fund	$	1,286,797	$	—	$	—	$	1,286,797
Common Stock		1,057,066		—		—		1,057,066
Total Investments in Securities	$	2,343,863	$	—	$	—	$	2,343,863

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(25,944	)	$	—	$	—	$	(25,944	)
Total Other Financial Instruments	$	(25,944	)	$	—	$	—	$	(25,944	)

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

See "Glossary" for abbreviations.

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

279

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Health Care Covered Call & Growth ETF

	Shares		Value
EXCHANGE TRADED FUND — 54.5%(A)
Health Care Select Sector SPDR Fund
(Cost $1,497,346)		11,127	$	1,485,788
COMMON STOCK — 46.0%(A)
UNITED STATES — 46.0%
Health Care — 46.0%
Abbott Laboratories .		439		48,496
AbbVie		439		66,342
Agilent Technologies		74		10,022
Align Technology *		19		6,181
AmerisourceBergen		40		6,674
Amgen .		134		32,125
Baxter International		122		5,817
Becton Dickinson		70		18,502
Biogen *		36		10,952
Bio-Rad Laboratories, Cl A *		5		2,254
Bio-Techne		40		3,195
Boston Scientific *		353		18,398
Bristol-Myers Squibb .		536		35,789
Cardinal Health		66		5,419
Catalent *		44		2,205
Centene *		143		9,857
Charles River Laboratories International *		11		2,091
Cigna Group		75		18,997
Cooper .		11		4,196
CVS Health .		325		23,826
Danaher		165		39,090
DaVita *		11		994
DENTSPLY SIRONA .		55		2,306

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

280

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Health Care Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Dexcom *		99	$	12,013
Edwards Lifesciences *		154		13,549
Elevance Health		59		27,650
Eli Lilly		198		78,380
GE HealthCare Technologies *		91		7,402
Gilead Sciences		315		25,896
HCA Healthcare		53		15,228
Henry Schein *		33		2,667
Hologic *		61		5,247
Humana		32		16,976
IDEXX Laboratories *		21		10,335
Illumina *		40		8,222
Incyte *		44		3,274
Insulet *		18		5,725
Intuitive Surgical *		88		26,507
IQVIA Holdings *		47		8,847
Johnson & Johnson .		654		107,060
Laboratory Corp of America Holdings		22		4,988
McKesson .		35		12,748
Medtronic		330		30,013
Merck .		630		72,746
Mettler-Toledo International *		6		8,949
Moderna *		84		11,163
Molina Healthcare *		14		4,170
Organon .		66		1,626
PerkinElmer		33		4,306
Pfizer		1,395		54,252
Quest Diagnostics .		29		4,025
Regeneron Pharmaceuticals *		27		21,648
ResMed		36		8,675
STERIS		25		4,714
Stryker .		84		25,171
Teleflex		11		2,998
Thermo Fisher Scientific		98		54,380
UnitedHealth Group		233		114,657
Universal Health Services, Cl B .		16		2,406
Vertex Pharmaceuticals *		64		21,807
Viatris, Cl W		298		2,780
Waters *		14		4,205

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

281

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Health Care Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
West Pharmaceutical Services		19	$	6,864
Zimmer Biomet Holdings .		52		7,199
Zoetis, Cl A .		116		20,390
TOTAL UNITED STATES				1,255,586
TOTAL COMMON STOCK
(Cost $1,275,372)				1,255,586
TOTAL INVESTMENTS — 100.5%
(Cost $2,772,718)			$	2,741,374
WRITTEN OPTIONS— (0.5)%
(Premiums Received  $(18,561))			$	(14,664	)

Percentages are based on Net Assets of $2,727,761.

A list of the exchange traded option contracts held by the Fund at April 30, 2023, is as follows:

Number of

Notional

Exercise

Expiration

Description

Contracts

Amount

Price

Date

Value

WRITTEN OPTIONS — (0.5)%

Call Options

The Health Care

Select Sector

SPDR® Fund

(102

)

$

(1,362,006

)

$

133.53

05/19/23

$

(14,664

)

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options contracts. The aggregate market value of collateral at April 30, 2023 was $2,741,374.

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

282

 

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Health Care Covered Call & Growth ETF

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments and other financial instruments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Exchange Traded Fund	$	1,485,788	$	—	$	—	$	1,485,788
Common Stock		1,255,586		—		—		1,255,586
Total Investments in Securities	$	2,741,374	$	—	$	—	$	2,741,374

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(14,664	)	$	—	$	—	$	(14,664	)
Total Other Financial Instruments	$	(14,664	)	$	—	$	—	$	(14,664	)

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

See "Glossary" for abbreviations.

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

283

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Information Technology Covered Call & Growth ETF

	Shares		Value
EXCHANGE TRADED FUND — 55.0%(A)
Technology Select Sector SPDR Fund
(Cost $1,335,705)		10,212	$	1,540,276
COMMON STOCK — 46.3%(A)
CHINA — 0.2%
Information Technology — 0.2%
NXP Semiconductors .		46		7,532
UNITED STATES — 46.1%
Information Technology — 46.1%
Accenture, Cl A		111		31,112
Adobe *		80		30,205
Advanced Micro Devices *		283		25,292
Akamai Technologies *		28		2,295
Amphenol, Cl A .		104		7,849
Analog Devices		89		16,009
ANSYS *		15		4,709
Apple .		1,824		309,496
Applied Materials .		148		16,728
Arista Networks *		43		6,887
Autodesk *		38		7,402
Broadcom		73		45,734
Cadence Design Systems *		48		10,054
CDW		24		4,070
Cisco Systems		722		34,115
Cognizant Technology Solutions, Cl A		89		5,314
Corning .		134		4,451
DXC Technology *		39		930
Enphase Energy *		24		3,941

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

284

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Information Technology Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
EPAM Systems *		10	$	2,824
F5 *		10		1,344
Fair Isaac *		4		2,912
First Solar *		17		3,104
Fortinet *		114		7,188
Gartner *		14		4,234
Gen Digital		99		1,749
Hewlett Packard Enterprise		225		3,222
HP		152		4,516
Intel .		727		22,581
International Business Machines .		159		20,099
Intuit .		49		21,754
Juniper Networks .		57		1,719
Keysight Technologies *		31		4,484
KLA		24		9,277
Lam Research		24		12,578
Microchip Technology		96		7,007
Micron Technology .		192		12,357
Microsoft		1,042		320,165
Monolithic Power Systems .		8		3,696
Motorola Solutions		29		8,451
NetApp .		38		2,390
NVIDIA .		212		58,828
ON Semiconductor *		76		5,469
Oracle .		270		25,574
PTC *		19		2,390
Qorvo *		18		1,657
QUALCOMM .		196		22,893
Roper Technologies		19		8,641
Salesforce *		176		34,913
Seagate Technology Holdings .		30		1,763
ServiceNow *		36		16,539
Skyworks Solutions		28		2,965
SolarEdge Technologies *		10		2,856
Synopsys *		27		10,026
TE Connectivity		56		6,853
Teledyne Technologies *		8		3,315
Teradyne .		27		2,467
Texas Instruments .		159		26,585

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

285

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Information Technology Covered Call & Growth ETF

 

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Trimble *		43	$	2,025
Tyler Technologies *		7		2,653
VeriSign *		16		3,549
Western Digital *		56		1,929
Zebra Technologies, Cl A *		9		2,592
TOTAL UNITED STATES				1,290,726
TOTAL COMMON STOCK
(Cost $1,130,742)				1,298,258
TOTAL INVESTMENTS — 101.3%
(Cost $2,466,447)			$	2,838,534
WRITTEN OPTIONS— (1.4)%
(Premiums Received  $(34,589))			$	(38,342	)

Percentages are based on Net Assets of $2,801,355.

A list of the exchange traded option contracts held by the Fund at April 30, 2023, is as follows:

Number of

Notional

Exercise

Expiration

Description

Contracts

Amount

Price

Date

Value

WRITTEN OPTIONS — (1.4)%

Call Options

The Technology

Select Sector

SPDR® Fund

(94

)

$

(1,417,802

)

$

150.83

05/19/23

$

(38,342

)

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options contracts. The aggregate market value of collateral at April 30, 2023 was $2,838,534.

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

286

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Information Technology Covered Call & Growth ETF

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments and other financial instruments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Exchange Traded Fund	$	1,540,276	$	—	$	—	$	1,540,276
Common Stock		1,298,258		—		—		1,298,258
Total Investments in Securities	$	2,838,534	$	—	$	—	$	2,838,534

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(38,342	)	$	—	$	—	$	(38,342	)
Total Other Financial Instruments	$	(38,342	)	$	—	$	—	$	(38,342	)

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

See "Glossary" for abbreviations.

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

287

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Nasdaq 100® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — 103.2%(A)
BRAZIL — 0.5%
Consumer Discretionary — 0.5%
MercadoLibre *		11	$	14,052
CHINA — 0.7%
Consumer Discretionary — 0.3%
JD.com ADR .		70		2,501
PDD Holdings ADR *		76		5,179
				7,680
Information Technology — 0.4%
NXP Semiconductors .		57		9,333
TOTAL CHINA				17,013
NETHERLANDS — 0.7%
Information Technology — 0.7%
ASML Holding, Cl G .		30		19,106

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

288

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Nasdaq 100® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
UNITED KINGDOM — 0.4%
Health Care — 0.4%
AstraZeneca ADR .		122	$	8,933
UNITED STATES — 100.9%
Communication Services — 13.2%
Activision Blizzard *		220		17,096
Alphabet, Cl A *		750		80,505
Alphabet, Cl C *		748		80,949
Charter Communications, Cl A *		28		10,324
Comcast, Cl A		818		33,841
Electronic Arts		94		11,964
Meta Platforms, Cl A *		142		34,125
Netflix *		123		40,581
Sirius XM Holdings .		1,050		3,990
T-Mobile US *		201		28,924
				342,299
Consumer Discretionary — 9.8%
Airbnb, Cl A *		83		9,933
Amazon.com *		799		84,254
Booking Holdings *		8		21,490
eBay		140		6,500
Lucid Group *		370		2,938
Lululemon Athletica *		33		12,538
Marriott International, Cl A		64		10,838
O'Reilly Automotive *		20		18,346
Rivian Automotive, Cl A *		120		1,538
Ross Stores		96		10,246
Starbucks		201		22,972
Tesla *		318		52,251
				253,844
Consumer Staples — 6.6%
Costco Wholesale		81		40,761
Dollar Tree *		64		9,838
Keurig Dr Pepper		280		9,156
Kraft Heinz		70		2,749
Mondelez International, Cl A .		281		21,558
Monster Beverage *		132		7,392

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

289

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Nasdaq 100® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
PepsiCo		380	$	72,538
Walgreens Boots Alliance		240		8,460
				172,452
Financials — 1.6%
Fiserv *		156		19,051
PayPal Holdings *		309		23,484
				42,535
Health Care — 6.5%
Align Technology *		18		5,855
Amgen .		112		26,851
Biogen *		30		9,127
Dexcom *		75		9,100
Gilead Sciences		250		20,553
IDEXX Laboratories *		20		9,843
Illumina *		54		11,100
Intuitive Surgical *		66		19,881
Moderna *		77		10,233
Regeneron Pharmaceuticals *		27		21,648
Seagen *		28		5,600
Vertex Pharmaceuticals *		52		17,718
				167,509
Industrials — 4.0%
Automatic Data Processing		127		27,940
Cintas		26		11,850
Copart *		120		9,486
CoStar Group *		60		4,617
CSX		422		12,930
Fastenal		90		4,846
Old Dominion Freight Line		29		9,291
PACCAR		76		5,676
Paychex		96		10,547
Verisk Analytics, Cl A .		37		7,182
				104,365
Information Technology — 58.9%
Adobe *		144		54,369
Advanced Micro Devices *		368		32,888

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

290

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Nasdaq 100® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
ANSYS *		27	$	8,476
Apple .		2,171		368,375
Applied Materials .		270		30,518
Atlassian, Cl A *		40		5,906
Autodesk *		60		11,687
Broadcom		86		53,879
Cadence Design Systems *		88		18,432
Cisco Systems		1,320		62,370
Cognizant Technology Solutions, Cl A		150		8,956
Crowdstrike Holdings, Cl A *		43		5,162
Datadog, Cl A *		60		4,043
Enphase Energy *		29		4,762
Fortinet *		190		11,979
GLOBALFOUNDRIES *		149		8,761
Intel .		1,044		32,427
Intuit .		78		34,628
KLA		38		14,689
Lam Research		42		22,011
Marvell Technology .		222		8,765
Microchip Technology		60		4,379
Micron Technology .		285		18,343
Microsoft		1,283		394,215
NVIDIA .		678		188,138
Palo Alto Networks *		92		16,786
QUALCOMM .		332		38,778
Synopsys *		47		17,452
Texas Instruments .		193		32,270
Workday, Cl A *		65		12,099
Zoom Video Communications, Cl A *		60		3,686
Zscaler *		30		2,703
				1,531,932

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

291

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Nasdaq 100® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Utilities — 0.3%
Exelon		193	$	8,191
TOTAL UNITED STATES				2,623,127
TOTAL COMMON STOCK
(Cost $2,440,583)				2,682,231
TOTAL INVESTMENTS — 103.2%
(Cost $2,440,583)			$	2,682,231
WRITTEN OPTIONS— (3.3)%
(Premiums Received  $(62,324))			$	(85,020	)

Percentages are based on Net Assets of $2,599,580.

A list of the exchange traded option contracts held by the Fund at April 30, 2023, is as follows:

	Number of			Notional			Exercise		Expiration
Description	Contracts			Amount			Price		Date	Value
WRITTEN OPTIONS — (3.3)%
Call Options
Nasdaq-100		(2	)	$	(2,649,198	)	$	13,245.99	05/19/23	$	(85,020	)

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options contracts. The aggregate market value of collateral at April 30, 2023 was $2,682,231.

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

292

Schedule of Investments	April 30, 2023 (Unaudited)
Global X Nasdaq 100® ESG Covered Call ETF

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments and other financial instruments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	2,682,231	$	—	$	—	$	2,682,231
Total Investments in Securities	$	2,682,231	$	—	$	—	$	2,682,231

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(85,020	)	$	—	$	—	$	(85,020	)
Total Other Financial Instruments	$	(85,020	)	$	—	$	—	$	(85,020	)

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

See "Glossary" for abbreviations.

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

293

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — 101.8%(A)
CHINA — 0.2%
Information Technology — 0.2%
NXP Semiconductors .		25	$	4,094
UNITED STATES — 101.6%
Communication Services — 8.4%
Alphabet, Cl A *		580		62,257
Alphabet, Cl C *		506		54,759
AT&T		690		12,192
Charter Communications, Cl A *		10		3,687
Comcast, Cl A		408		16,879
Electronic Arts		26		3,309
Fox, Cl A		26		865
Fox, Cl B		10		305
Interpublic Group		40		1,429
Match Group *		25		922
Netflix *		43		14,187
News, Cl A .		32		564
News, Cl B .		6		107
Omnicom Group .		20		1,811
Paramount Global, Cl B		45		1,050

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

294

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Verizon Communications		407	$	15,804
Walt Disney *		177		18,143
Warner Bros Discovery *		208		2,831
				211,101
Consumer Discretionary — 11.2%
Amazon.com *		869		91,636
Aptiv *		27		2,777
Best Buy		20		1,490
BorgWarner .		20		963
Caesars Entertainment *		20		906
Darden Restaurants .		13		1,975
eBay		55		2,554
Etsy *		13		1,313
Ford Motor .		374		4,443
General Motors		141		4,659
Hasbro .		10		592
Hilton Worldwide Holdings .		27		3,889
Home Depot .		99		29,753
Las Vegas Sands *		30		1,916
Lowe's		59		12,262
Marriott International, Cl A		27		4,572
McDonald's .		71		20,998
MGM Resorts International .		30		1,348
Mohawk Industries *		6		635
Newell Brands .		40		486
NIKE, Cl B		121		15,333
Norwegian Cruise Line Holdings *		34		454
PulteGroup .		20		1,343
Ralph Lauren, Cl A .		5		574
Royal Caribbean Cruises *		20		1,309
Starbucks		111		12,686
Tapestry .		20		816
Tesla *		262		43,049
TJX		112		8,828
Tractor Supply .		10		2,384
VF .		30		705
Whirlpool		6		838

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

295

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Yum! Brands		28	$	3,936
				281,422
Consumer Staples — 7.5%
Archer-Daniels-Midland		55		4,294
Brown-Forman, Cl B		20		1,302
Campbell Soup .		20		1,086
Coca-Cola .		378		24,249
Colgate-Palmolive		80		6,384
Conagra Brands .		50		1,898
Constellation Brands, Cl A		15		3,442
Dollar General .		21		4,651
Dollar Tree *		20		3,074
Estee Lauder, Cl A .		23		5,675
General Mills		56		4,963
Hershey		14		3,823
Hormel Foods		30		1,213
J M Smucker .		10		1,544
Kellogg .		26		1,814
Keurig Dr Pepper		80		2,616
Kraft Heinz		80		3,142
Kroger		66		3,210
McCormick .		25		2,196
Molson Coors Beverage, Cl B		20		1,190
Mondelez International, Cl A .		132		10,127
PepsiCo		134		25,579
Procter & Gamble .		230		35,967
Sysco .		51		3,914
Target		44		6,941
Tyson Foods, Cl A		30		1,875
Walgreens Boots Alliance		70		2,467
Walmart		136		20,532
				189,168
Energy — 4.1%
APA .		30		1,106
Baker Hughes, Cl A		100		2,924
Chevron .		173		29,164
ConocoPhillips .		118		12,141
Devon Energy		66		3,526

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

296

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
EOG Resources		56	$	6,690
EQT .		33		1,150
Halliburton .		90		2,948
Hess		28		4,062
Kinder Morgan .		200		3,430
Marathon Oil .		58		1,401
Marathon Petroleum		46		5,612
ONEOK .		45		2,943
Phillips 66 .		47		4,653
Pioneer Natural Resources		24		5,221
Schlumberger		137		6,761
Valero Energy .		37		4,243
Williams		123		3,722
				101,697
Financials — 13.2%
Aflac		56		3,912
Allstate		26		3,010
American Express .		57		9,196
American International Group		75		3,978
Ameriprise Financial		10		3,051
Arch Capital Group *		35		2,627
Arthur J Gallagher		20		4,161
Assurant .		6		739
Bank of America		678		19,852
Bank of New York Mellon		74		3,152
BlackRock, Cl A .		15		10,068
Capital One Financial		38		3,697
Cboe Global Markets .		10		1,397
Charles Schwab .		147		7,679
Chubb .		40		8,062
Citigroup		187		8,802
CME Group, Cl A .		36		6,688
Discover Financial Services		27		2,794
Everest Re Group		4		1,512
FactSet Research Systems .		4		1,647
Fidelity National Information Services .		56		3,288
Fifth Third Bancorp		70		1,834
Franklin Resources		30		806
Globe Life .		10		1,085

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

297

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Goldman Sachs Group		33	$	11,334
Hartford Financial Services Group .		30		2,130
Intercontinental Exchange .		56		6,100
Invesco		50		857
JPMorgan Chase .		286		39,537
Lincoln National .		20		435
M&T Bank .		16		2,013
MarketAxess Holdings .		4		1,273
Mastercard, Cl A .		82		31,162
MetLife .		66		4,048
Moody's .		15		4,697
Morgan Stanley		126		11,336
MSCI, Cl A		8		3,860
Nasdaq .		36		1,993
Northern Trust .		20		1,563
PayPal Holdings *		109		8,284
PNC Financial Services Group		40		5,210
Principal Financial Group		24		1,793
Progressive		56		7,638
Prudential Financial .		37		3,219
Raymond James Financial .		20		1,811
Regions Financial .		100		1,826
S&P Global .		32		11,603
State Street .		35		2,529
Synchrony Financial		39		1,151
T Rowe Price Group		21		2,359
Travelers .		23		4,166
Truist Financial		134		4,366
Visa, Cl A .		158		36,771
W R Berkley		20		1,178
Willis Towers Watson		10		2,316
				331,595
Health Care — 14.6%
Abbott Laboratories .		169		18,669
AbbVie		172		25,993
Agilent Technologies		30		4,063
AmerisourceBergen		15		2,503
Amgen .		52		12,467
Baxter International		50		2,384

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

298

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Becton Dickinson		27	$	7,136
Biogen *		14		4,259
Bio-Rad Laboratories, Cl A *		2		902
Boston Scientific *		138		7,193
Bristol-Myers Squibb .		206		13,755
Cardinal Health		26		2,135
Centene *		55		3,791
Cigna Group		29		7,345
CVS Health .		124		9,090
DaVita *		5		452
Edwards Lifesciences *		62		5,455
Elevance Health		23		10,779
Eli Lilly		77		30,481
Gilead Sciences		121		9,947
Henry Schein *		15		1,212
Hologic *		25		2,150
Humana		12		6,366
IDEXX Laboratories *		8		3,937
Illumina *		16		3,289
Laboratory Corp of America Holdings		9		2,040
Medtronic		129		11,733
Merck .		247		28,521
Mettler-Toledo International *		2		2,983
Moderna *		33		4,385
Organon .		30		739
Pfizer		545		21,195
Quest Diagnostics .		10		1,388
Regeneron Pharmaceuticals *		11		8,820
Teleflex		4		1,090
Thermo Fisher Scientific		38		21,086
UnitedHealth Group		91		44,780
Vertex Pharmaceuticals *		25		8,518
Viatris, Cl W		120		1,120
Waters *		6		1,802
Zimmer Biomet Holdings .		20		2,769
Zoetis, Cl A .		45		7,910
				366,632
Industrials — 6.8%
Alaska Air Group *		10		435

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

299

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
American Airlines Group *		70	$	955
Automatic Data Processing		40		8,800
Broadridge Financial Solutions .		11		1,599
Carrier Global		84		3,513
Caterpillar .		50		10,940
CH Robinson Worldwide		11		1,110
Cintas		8		3,646
CSX		202		6,189
Cummins		14		3,291
Deere .		26		9,828
Dover		13		1,900
Eaton		38		6,351
Emerson Electric		55		4,579
Expeditors International of Washington .		15		1,708
Fortive .		35		2,208
Generac Holdings *		6		613
General Electric .		105		10,392
IDEX .		8		1,651
Illinois Tool Works		28		6,774
Ingersoll Rand .		40		2,281
JB Hunt Transport Services		8		1,402
Johnson Controls International		70		4,189
Nordson .		6		1,298
Norfolk Southern .		22		4,467
Otis Worldwide		39		3,327
PACCAR		53		3,959
Parker-Hannifin		13		4,223
Paychex		30		3,296
Pentair		16		929
Quanta Services .		13		2,205
Republic Services, Cl A		20		2,892
Robert Half International		10		730
Rockwell Automation		11		3,117
Stanley Black & Decker .		15		1,295
Trane Technologies .		22		4,088
Union Pacific		59		11,546
United Parcel Service, Cl B .		71		12,766
United Rentals .		7		2,528
Verisk Analytics, Cl A .		16		3,106

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

300

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Waste Management .		36	$	5,978
Westinghouse Air Brake Technologies		18		1,758
Xylem .		18		1,869
				169,731
Information Technology — 28.9%
Adobe *		44		16,613
Advanced Micro Devices *		156		13,942
Apple .		1,451		246,206
Applied Materials .		81		9,155
Arista Networks *		24		3,844
Autodesk *		22		4,285
Cisco Systems		399		18,853
Corning .		71		2,359
F5 *		5		672
Fortinet *		62		3,909
Gen Digital		60		1,060
Hewlett Packard Enterprise		130		1,862
HP		90		2,674
Intel .		400		12,424
Intuit .		27		11,987
Juniper Networks .		30		904
Keysight Technologies *		18		2,603
KLA		13		5,025
Lam Research		13		6,813
Micron Technology .		105		6,758
Microsoft		726		223,071
Motorola Solutions		16		4,662
NVIDIA .		240		66,598
ON Semiconductor *		41		2,950
QUALCOMM .		108		12,614
Salesforce *		97		19,242
Seagate Technology Holdings .		20		1,175
SolarEdge Technologies *		5		1,428
TE Connectivity		32		3,916
Texas Instruments .		88		14,714
Tyler Technologies *		4		1,516
Zebra Technologies, Cl A *		5		1,440
				725,274

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

301

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® ESG Covered Call ETF

 

	Shares		Value
COMMON STOCK — continued
Materials — 2.6%
Air Products & Chemicals .		22	$	6,476
Albemarle		12		2,225
Amcor		150		1,645
Ball		30		1,595
CF Industries Holdings		20		1,432
Corteva .		72		4,401
Dow		70		3,808
Ecolab		24		4,028
FMC .		13		1,607
Freeport-McMoRan .		144		5,459
International Flavors & Fragrances		26		2,521
International Paper .		40		1,324
Linde		48		17,734
LyondellBasell Industries, Cl A		26		2,460
Mosaic .		30		1,285
Newmont		80		3,792
PPG Industries		22		3,086
Westrock .		30		898
				65,776
Real Estate — 2.6%
Alexandria Real Estate Equities ‡		16		1,987
American Tower ‡		45		9,197
AvalonBay Communities ‡		13		2,345
Boston Properties ‡		10		534
CBRE Group, Cl A *		30		2,300
Digital Realty Trust ‡		27		2,677
Equinix ‡		9		6,517
Equity Residential ‡		36		2,277
Essex Property Trust ‡		7		1,538
Extra Space Storage ‡		14		2,129
Federal Realty Investment Trust ‡		7		692
Healthpeak Properties ‡		60		1,318
Host Hotels & Resorts ‡		70		1,132
Iron Mountain ‡		30		1,657
Kimco Realty ‡		60		1,151
ProLogis ‡		89		11,147
Regency Centers ‡		15		921
SBA Communications, Cl A ‡		10		2,609
Simon Property Group ‡		33		3,740

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

302

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
UDR ‡		30	$	1,240
Ventas ‡		40		1,922
Welltower ‡		45		3,565
Weyerhaeuser ‡		74		2,213
				64,808
Utilities — 1.7%
American Water Works		20		2,965
CenterPoint Energy .		58		1,767
Constellation Energy .		31		2,399
Edison International .		36		2,650
Entergy		20		2,152
Eversource Energy .		35		2,716
Exelon		100		4,244
NextEra Energy .		193		14,790
Public Service Enterprise Group .		50		3,160
Sempra Energy .		30		4,665
				41,508
TOTAL UNITED STATES				2,548,712
TOTAL COMMON STOCK
(Cost $2,428,054)				2,552,806
TOTAL INVESTMENTS — 101.8%
(Cost $2,428,054)			$	2,552,806
WRITTEN OPTIONS— (1.9)%
(Premiums Received  $(36,121))			$	(46,575	)
Percentages are based on Net Assets of $2,507,569.

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

303

Schedule of Investments	April 30, 2023 (Unaudited)
Global X S&P 500® ESG Covered Call ETF

A list of the exchange traded option contracts held by the Fund at April 30, 2023, is as follows:

	Number of			Notional			Exercise		Expiration
Description	Contracts			Amount			Price		Date	Value
WRITTEN OPTIONS — (1.9)%
Call Options
S&P 500 ESG Index		(69	)	$	(2,537,958	)	$	367.82	05/19/23	$	(46,575	)

*	Non-income producing security.
‡	Real Estate Investment Trust
(A)	All or a portion of these securities has been segregated as collateral for options contracts. The aggregate market value of collateral at April 30, 2023 was $2,552,806.

The following is a summary of the level of inputs used as of April 30, 2023, in valuing the Fund's investments and other financial instruments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	2,552,806	$	—	$	—	$	2,552,806
Total Investments in Securities	$	2,552,806	$	—	$	—	$	2,552,806

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(46,575	)	$	—	$	—	$	(46,575	)
Total Other Financial Instruments	$	(46,575	)	$	—	$	—	$	(46,575	)

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

See "Glossary" for abbreviations.

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

304

Schedule of Investments	April 30, 2023 (Unaudited)
Glossary (abbreviations used in preceding Schedule of Investments):

Fund Abbreviations

ADR — American Depositary Receipt

Cl — Class

ETF — Exchange-Traded Fund

GDR — Global Depositary Receipt

ICE— Intercontinental Exchange

LIBOR— London Interbank Offered Rate

NVDR — Non-Voting Depositary Receipt

PJSC — Public Joint-Stock Company

REIT — Real Estate Investment Trust

S&P— Standard & Poor's

Ser — Series

SPDR — Standard & Poor's Depository Receipt

USD — U.S. Dollar

305

Statements of Assets and Liabilities 

April 30, 2023 (Unaudited)

	Global X Lithium & Battery Tech ETF			Global X SuperDividend® ETF			Global X Social Media ETF			Global X Guru® Index ETF
Assets:
Cost of Investments	$	3,140,281,229		$	889,256,468		$	232,172,816		$	46,797,934
Cost of Repurchase Agreement		144,307,224			40,711,805			3,153,500			373,017
Cost of Foreign Currency		59,767			12,710,860			—			—
Investments, at Value	$	3,140,183,320	*	$	738,386,233	*	$	138,344,251	*	$	46,273,346	*
Repurchase Agreement, at Value		144,307,224			40,711,805			3,153,500			373,017
Cash		1,495,654			1,928,833			92,058			83,310
Foreign Currency, at Value		59,436			12,060,939			—			—
Receivable for Investment Securities Sold		157,121,545			—			7,831,999			—
Dividend, Interest, and Securities Lending Income Receivable		4,657,810			4,466,315			96,605			31,189
Unrealized Appreciation on Spot Contracts		170,237			—			—			—
Reclaim Receivable		40,535			700,441			5,668			—
Total Assets		3,448,035,761			798,254,566			149,524,081			46,760,862
Liabilities:
Obligation to Return Securities Lending Collateral		157,222,124			44,355,343			3,435,725			406,400
Payable for Investment Securities Purchased		159,400,836			2,348,269			7,528,182			—
Payable due to Investment Adviser		2,004,932			356,102			75,799			28,690
Payable for Capital Shares Redeemed		1,805,532			—			—			—
Unrealized Depreciation on Spot Contracts		—			3,883			394			—
Custodian Fees Payable		—			39,335			78			11
Total Liabilities		320,433,424			47,102,932			11,040,178			435,101
Net Assets	$	3,127,602,337		$	751,151,634		$	138,483,903		$	46,325,761
Net Assets Consist of:
Paid-in Capital	$	3,602,355,116		$	1,716,665,070		$	325,292,830		$	68,304,700
Total Distributable Loss		(474,752,779	)		(965,513,436	)		(186,808,927	)		(21,978,939	)
Net Assets	$	3,127,602,337		$	751,151,634		$	138,483,903		$	46,325,761
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value)		51,974,628			33,189,412			3,980,000			1,320,000
Net Asset Value, Offering and Redemption Price Per Share	$	60.18		$	22.63		$	34.79		$	35.10
*Includes Market Value of Securities on Loan	$	149,872,772		$	42,195,309		$	3,407,459		$	398,720

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

306

Statements of Assets and Liabilities 

April 30, 2023 (Unaudited)

	Global X SuperIncome™ Preferred ETF			Global X SuperDividend® U.S. ETF			Global X S&P 500® Covered Call ETF			Global X NASDAQ 100® Covered Call ETF
Assets:
Cost of Investments	$	201,724,641		$	662,573,967		$	2,622,785,576		$	6,670,624,647
Cost of Repurchase Agreement		11,257,896			—			—			—
Investments, at Value	$	196,472,699	*	$	627,381,170		$	2,712,493,754		$	7,527,210,139
Repurchase Agreement, at Value		11,257,896			—			—			—
Cash		—			80,710			27,459,495			84,928,698
Dividend, Interest, and Securities Lending Income Receivable		529,372			2,665,219			1,921,249			278,804
Receivable for Capital Shares Sold		461,236			—			—			—
Reclaim Receivable		—			8,115			16,059			—
Total Assets		208,721,203			630,135,214			2,741,890,557			7,612,417,641
Liabilities:
Obligation to Return Securities Lending Collateral		12,265,431			—			—			—
Payable for Investment Securities Purchased		457,908			—			—			—
Payable due to Investment Adviser		77,146			232,240			1,276,396			3,503,638
Options Written at Value (Premiums received $–, $–, $49,593,884 and $177,582,812, respectively)		—			—			58,675,100			241,541,820
Payable for Income Distributions		—			—			24,490,034			72,261,087
Cash Overdraft		5,915			—			—			—
Custodian Fees Payable		3,215			8,400			8,233			224,184
Total Liabilities		12,809,615			240,640			84,449,763			317,530,729
Net Assets	$	195,911,588		$	629,894,574		$	2,657,440,794		$	7,294,886,912
Net Assets Consist of:
Paid-in Capital	$	302,111,027		$	824,829,891		$	2,887,924,250		$	8,532,286,959
Total Distributable Loss		(106,199,439	)		(194,935,317	)		(230,483,456	)		(1,237,400,047	)
Net Assets	$	195,911,588		$	629,894,574		$	2,657,440,794		$	7,294,886,912
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value)		21,180,000			36,350,000			65,580,000			421,520,000
Net Asset Value, Offering and Redemption Price Per Share	$	9.25		$	17.33		$	40.52		$	17.31
*Includes Market Value of Securities on Loan	$	12,038,178		$	—		$	—		$	—

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

307

Statements of Assets and Liabilities 

April 30, 2023 (Unaudited)

	Global X MSCI Super Dividend® Emerging Markets ETF			Global X SuperDividend® REIT ETF			Global X Renewable Energy Producers ETF			Global X S&P 500® Catholic Values ETF
Assets:
Cost of Investments	$	48,733,015		$	312,011,606		$	99,794,521		$	552,337,237
Cost of Repurchase Agreement		—			—			136,617			—
Cost of Foreign Currency		54,582			—			9,391			—
Investments, at Value	$	43,444,870		$	267,770,554		$	70,367,405	*	$	634,660,994
Repurchase Agreement, at Value		—			—			136,617			—
Cash		41,522			623,810			—			1,082,363
Foreign Currency, at Value		51,293			—			9,380			—
Dividend, Interest, and Securities Lending Income Receivable		203,211			507,161			105,405			432,470
Reclaim Receivable		21,901			30,862			102,940			3,196
Unrealized Appreciation on Forward Foreign Currency Contracts		1			—			—			—
Unrealized Appreciation on Spot Contracts		—			—			37			—
Prepaid Expenses		—			—			7			—
Total Assets		43,762,798			268,932,387			70,721,791			636,179,023
Liabilities:
Obligation to Return Securities Lending Collateral		—			—			1,663,130			—
Payable for Investment Securities Purchased		50,013			—			—			—
Accrued Foreign Capital Gains Tax on Appreciated Securities		44,731			—			—			—
Payable due to Investment Adviser		23,242			129,166			38,015			149,575
Unrealized Depreciation on Forward Foreign Currency Contracts		9			—			44			—
Cash Overdraft		—			104,386			85,237			—
Custodian Fees Payable		2,173			11,188			—			466
Total Liabilities		120,168			244,740			1,786,426			150,041
Net Assets	$	43,642,630		$	268,687,647		$	68,935,365		$	636,028,982
Net Assets Consist of:
Paid-in Capital	$	76,810,684		$	571,512,327		$	110,934,522		$	553,486,196
Total Distributable Earnings/(Loss)		(33,168,054	)		(302,824,680	)		(41,999,157	)		82,542,786
Net Assets	$	43,642,630		$	268,687,647		$	68,935,365		$	636,028,982
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value)		1,839,181			12,429,193			5,620,000			12,470,000
Net Asset Value, Offering and Redemption Price Per Share	$	23.73		$	21.62		$	12.27		$	51.00
*Includes Market Value of Securities on Loan	$	—		$	—		$	1,275,983		$	—

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

308

Statements of Assets and Liabilities 

April 30, 2023 (Unaudited)

	Global X MSCI Super Dividend® EAFE ETF			Global X E-commerce ETF			Global X Russell 2000 Covered Call ETF			Global X S&P Catholic Values Developed ex-U.S. ETF
Assets:
Cost of Investments	$	12,665,673		$	95,228,005		$	1,013,891,027		$	14,711,525
Cost of Repurchase Agreement		—			1,073,997			—			—
Cost of Affiliated Investments		—			—			446,206,753			—
Cost of Foreign Currency		16,333			—			—			13,592
Investments, at Value	$	11,992,914		$	44,493,531	*	$	986,477,257		$	15,268,111
Repurchase Agreement, at Value		—			1,073,997			—			—
Affiliated Investments, at Value		—			—			440,688,313			—
Cash		—			19,090			16,236,259			6,006
Foreign Currency, at Value		16,472			—			—			13,605
Dividend, Interest, and Securities Lending Income Receivable		122,261			33,737			303,036			58,343
Reclaim Receivable		74,997			—			2,004			10,159
Receivable for Investment Securities Sold		—			—			2,765,230			—
Total Assets		12,206,644			45,620,355			1,446,472,099			15,356,224
Liabilities:
Obligation to Return Securities Lending Collateral		—			1,170,115			—			—
Payable due to Investment Adviser		5,426			19,347			650,164			4,288
Unrealized Depreciation on Spot Contracts		129			—			—			54
Payable for Investment Securities Purchased		—			—			1,067,646			—
Payable for Capital Shares Redeemed		—			—			1,437,879			—
Options Written at Value (Premiums received $–, $–, $36,075,000 and $–, respectively)		—			—			20,933,865			—
Payable for Income Distributions		—			—			14,152,320			—
Cash Overdraft		7,620			—			—			—
Custodian Fees Payable		711			86			72,496			112
Total Liabilities		13,886			1,189,548			38,314,370			4,454
Net Assets	$	12,192,758		$	44,430,807		$	1,408,157,729		$	15,351,770
Net Assets Consist of:
Paid-in Capital	$	14,378,860		$	113,780,110		$	1,705,106,789		$	15,008,488
Total Distributable Earnings/(Loss)		(2,186,102	)		(69,349,303	)		(296,949,060	)		343,282
Net Assets	$	12,192,758		$	44,430,807		$	1,408,157,729		$	15,351,770
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value)		860,000			2,560,002			78,350,000			540,000
Net Asset Value, Offering and Redemption Price Per Share	$	14.18		$	17.36		$	17.97		$	28.43
*Includes Market Value of Securities on Loan	$	—		$	1,101,222		$	—		$	—

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

309

Statements of Assets and Liabilities 

April 30, 2023 (Unaudited)

	Global X Nasdaq 100® Covered Call & Growth ETF			Global X S&P 500® Covered Call & Growth ETF			Global X Emerging Markets Internet & E-commerce ETF			Global X NASDAQ 100® Tail Risk ETF
Assets:
Cost of Investments	$	79,139,532		$	59,764,180		$	4,094,543		$	1,989,972
Cost of Foreign Currency		—			—			358			—
Investments, at Value	$	78,333,858		$	58,236,450		$	2,541,614		$	1,682,732
Cash		499,548			304,989			1,766			1,357
Foreign Currency, at Value		—			—			358			—
Dividend, Interest, and Securities Lending Income Receivable		2,874			41,194			2,190			61
Reclaim Receivable		—			291			—			—
Total Assets		78,836,280			58,582,924			2,545,928			1,684,150
Liabilities:
Options Written at Value (Premiums received $922,985, $532,198, $– and $–, respectively)		1,255,290			629,695			—			—
Payable for Income Distributions		374,220			264,514			—			—
Payable due to Investment Adviser		36,619			27,908			1,392			821
Custodian Fees Payable		1,517			1,351			74			5
Total Liabilities		1,667,646			923,468			1,466			826
Net Assets	$	77,168,634		$	57,659,456		$	2,544,462		$	1,683,324
Net Assets Consist of:
Paid-in Capital	$	89,714,379		$	62,841,322		$	5,959,062		$	2,288,150
Total Distributable Loss		(12,545,745	)		(5,181,866	)		(3,414,600	)		(604,826	)
Net Assets	$	77,168,634		$	57,659,456		$	2,544,462		$	1,683,324
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value)		3,030,000			2,160,000			119,871			80,000
Net Asset Value, Offering and Redemption Price Per Share	$	25.47		$	26.69		$	21.23		$	21.04

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

310

Statements of Assets and Liabilities 

April 30, 2023 (Unaudited)

	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
Assets:
Cost of Investments	$	10,572,164		$	3,398,737		$	3,329,745		$	27,041,190
Investments, at Value	$	9,539,290		$	2,847,538		$	3,131,132		$	26,361,135
Cash		101,645			2,927			4,436			281,647
Dividend, Interest, and Securities Lending Income Receivable		342			103			2,197			18,992
Reclaim Receivable		—			—			24			207
Total Assets		9,641,277			2,850,568			3,137,789			26,661,981
Liabilities:
Options Written at Value (Premiums received $230,027, $33,522, $– and $481,285, respectively)		310,360			32,495			—			569,278
Payable for Income Distributions		90,800			—			—			255,276
Payable due to Investment Adviser		4,407			1,373			1,531			12,640
Custodian Fees Payable		932			284			9			1,402
Total Liabilities		406,499			34,152			1,540			838,596
Net Assets	$	9,234,778		$	2,816,416		$	3,136,249		$	25,823,385
Net Assets Consist of:
Paid-in Capital	$	11,685,387		$	3,169,703		$	3,526,120		$	30,628,758
Total Distributable Loss		(2,450,609	)		(353,287	)		(389,871	)		(4,805,373	)
Net Assets	$	9,234,778		$	2,816,416		$	3,136,249		$	25,823,385
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value)		510,000			120,000			130,000			1,270,000
Net Asset Value, Offering and Redemption Price Per Share	$	18.11		$	23.47		$	24.12		$	20.33

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

311

Statements of Assets and Liabilities 

April 30, 2023 (Unaudited)

	Global X S&P 500® Collar 95-110 ETF			Global X Disruptive Materials ETF			Global X Dow 30® Covered Call ETF			Global X Russell 2000 Covered Call & Growth ETF
Assets:
Cost of Investments	$	4,266,111		$	6,606,753		$	69,215,670		$	2,730,674
Investments, at Value	$	4,036,015		$	5,527,862		$	74,189,854		$	2,687,163
Cash		3,313			41,194			470,547			18,829
Dividend, Interest, and Securities Lending Income Receivable		2,830			20,644			49,925			—
Reclaim Receivable		30			2,059			—			—
Unrealized Appreciation on Spot Contracts		—			265			—			—
Receivable for Investment Securities Sold		—			3,774			—			—
Total Assets		4,042,188			5,595,798			74,710,326			2,705,992
Liabilities:
Options Written at Value (Premiums received $22,408, $–, $795,180 and $33,717, respectively)		23,880			—			1,005,938			19,743
Payable due to Investment Adviser		1,960			2,689			34,946			1,100
Payable for Investment Securities Purchased		—			65,112			—			—
Payable for Income Distributions		—			—			396,506			13,541
Custodian Fees Payable		310			173			874			—
Total Liabilities		26,150			67,974			1,438,264			34,384
Net Assets	$	4,016,038		$	5,527,824		$	73,272,062		$	2,671,608
Net Assets Consist of:
Paid-in Capital	$	4,298,873		$	6,949,440		$	74,999,084		$	2,855,211
Total Distributable Loss		(282,835	)		(1,421,616	)		(1,727,022	)		(183,603	)
Net Assets	$	4,016,038		$	5,527,824		$	73,272,062		$	2,671,608
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value)		160,000			290,000			3,360,000			110,000
Net Asset Value, Offering and Redemption Price Per Share	$	25.10		$	19.06		$	21.81		$	24.29

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

312

Statements of Assets and Liabilities 

April 30, 2023 (Unaudited)

	Global X Financials Covered Call & Growth ETF			Global X Health Care Covered Call & Growth ETF			Global X Information Technology Covered Call & Growth ETF		Global X Nasdaq 100® ESG Covered Call ETF
Assets:
Cost of Investments	$	2,465,017		$	2,772,718		$	2,466,447	$	2,440,583
Investments, at Value	$	2,343,863		$	2,741,374		$	2,838,534	$	2,682,231
Cash		13,054			10,166			16,005		29,581
Dividend, Interest, and Securities Lending Income Receivable		977			1,317			99		75
Reclaim Receivable		26			—			25		—
Receivable for Investment Securities Sold		—			—			4,037		—
Total Assets		2,357,920			2,752,857			2,858,700		2,711,887
Liabilities:
Options Written at Value (Premiums received $34,132, $18,561, $34,589 and $62,324, respectively)		25,944			14,664			38,342		85,020
Payable for Income Distributions		11,651			9,281			13,842		26,010
Payable due to Investment Adviser		1,027			1,151			1,239		1,277
Payable for Investment Securities Purchased		—			—			3,922		—
Total Liabilities		38,622			25,096			57,345		112,307
Net Assets	$	2,319,298		$	2,727,761		$	2,801,355	$	2,599,580
Net Assets Consist of:
Paid-in Capital	$	2,488,000		$	2,755,072		$	2,474,000	$	2,446,000
Total Distributable Earnings/(Loss)		(168,702	)		(27,311	)		327,355		153,580
Net Assets	$	2,319,298		$	2,727,761		$	2,801,355	$	2,599,580
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value)		100,000			110,000			100,000		100,000
Net Asset Value, Offering and Redemption Price Per Share	$	23.19		$	24.80		$	28.01	$	26.00

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

313

Statements of Assets and Liabilities 

April 30, 2023 (Unaudited)

	Global X S&P 500® ESG Covered Call ETF
Assets:
Cost of Investments	$	2,428,054
Investments, at Value	$	2,552,806
Cash		20,070
Receivable for Investment Securities Sold		211,040
Dividend, Interest, and Securities Lending Income Receivable		2,330
Reclaim Receivable		8
Total Assets		2,786,254
Liabilities:
Payable for Investment Securities Purchased		213,089
Options Written at Value (Premiums received $36,121, respectively)		46,575
Payable for Income Distributions		17,788
Payable due to Investment Adviser		1,233
Total Liabilities		278,685
Net Assets	$	2,507,569
Net Assets Consist of:
Paid-in Capital	$	2,465,000
Total Distributable Earnings		42,569
Net Assets	$	2,507,569
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value)		100,000
Net Asset Value, Offering and Redemption Price Per Share	$	25.08

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

314

Statements of Operations

For the period ended April 30, 2023 (Unaudited) 

	Global X Lithium & Battery Tech ETF			Global X SuperDividend® ETF			Global X Social Media ETF			Global X Guru® Index ETF
Investment Income:
Dividend Income	$	18,963,515		$	30,551,799		$	1,186,745		$	233,692
Interest Income		142,950			8,120			4,634			696
Security Lending Income		4,155,903			455,167			22,145			7,990
Less: Foreign Taxes Withheld		(726,736	)		(1,437,702	)		(16,519	)		(348	)
Total Investment Income		22,535,632			29,577,384			1,197,005			242,030
Supervision and Administration Fees(1)		13,179,249			2,168,114			432,859			176,683
Custodian Fees(2)		159			66,634			78			65
Total Expenses		13,179,408			2,234,748			432,937			176,748
Waiver of Supervision and Administration Fees		–			(31,112	)		–			–
Net Expenses		13,179,408			2,203,636			432,937			176,748
Net Investment Income		9,356,224			27,373,748			764,068			65,282
Net Realized Gain (Loss) on:
Investments(3)		(43,616,882	)		(83,631,101	)		(13,821,067	)		(3,749,914	)
Foreign Currency Transactions		(77,472	)		(505,100	)		16,964			—
Net Realized Gain (Loss)		(43,694,354	)		(84,136,201	)		(13,804,103	)		(3,749,914	)
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		(324,725,307	)		83,730,897			52,788,971			5,951,694
Foreign Currency Translations		(64,581	)		(241,869	)		(961	)		—
Net Change in Unrealized Appreciation (Depreciation)		(324,789,888	)		83,489,028			52,788,010			5,951,694
Net Realized and Unrealized Gain (Loss)		(368,484,242	)		(647,173	)		38,983,907			2,201,780
Net Increase (Decrease) in Net Assets Resulting from Operations	$	(359,128,018	)	$	26,726,575		$	39,747,975		$	2,267,062

(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.

315

Statements of Operations

For the period ended April 30, 2023 (Unaudited) 

	Global X SuperIncome™ Preferred ETF			Global X SuperDividend® U.S. ETF			Global X S&P 500® Covered Call ETF			Global X NASDAQ 100® Covered Call ETF
Investment Income:
Dividend Income	$	7,121,927		$	14,216,256		$	19,849,399		$	32,395,795
Interest Income		6,876			30,076			122,796			430,292
Security Lending Income		51,215			59,229			—			—
Less: Foreign Taxes Withheld		—			—			(2,610	)		(65,804	)
Total Investment Income		7,180,018			14,305,561			19,969,585			32,760,283
Supervision and Administration Fees(1)		568,223			1,493,848			6,747,605			19,959,808
Custodian Fees(2)		4,973			9,715			45,781			246,572
Total Expenses		573,196			1,503,563			6,793,386			20,206,380
Net Investment Income		6,606,822			12,801,998			13,176,199			12,553,903
Net Realized Gain (Loss) on:
Investments(3)		(29,104,164	)		(8,116,386	)		(35,689,214	)		(362,870,606	)
Written Options		—			—			(68,801,394	)		(181,670,286	)
Net Realized Gain (Loss)		(29,104,164	)		(8,116,386	)		(104,490,608	)		(544,540,892	)
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		19,818,845			(49,721,740	)		221,715,168			1,438,586,068
Written Options		—			—			36,624,481			(31,917,867	)
Net Change in Unrealized Appreciation (Depreciation)		19,818,845			(49,721,740	)		258,339,649			1,406,668,201
Net Realized and Unrealized Gain (Loss)		(9,285,319	)		(57,838,126	)		153,849,041			862,127,309
Net Increase (Decrease) in Net Assets Resulting from Operations	$	(2,678,497	)	$	(45,036,128	)	$	167,025,240		$	874,681,212

(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.

316

Statements of Operations

For the period ended April 30, 2023 (Unaudited) 

	Global X MSCI SuperDividend® Emerging Markets ETF			Global X SuperDividend® REIT ETF			Global X Renewable Energy Producers ETF			Global X S&P 500® Catholic Values ETF
Investment Income:
Dividend Income	$	1,216,062		$	8,880,441		$	389,038		$	4,820,476
Interest Income		3,233			5			92,209			9,812
Security Lending Income		—			23,084			23,106			—
Less: Foreign Taxes Withheld		(155,788	)		(405,572	)		(72,556	)		(1,346	)
Total Investment Income		1,063,507			8,497,958			431,797			4,828,942
Supervision and Administration Fees(1)		139,440			828,098			270,687			857,708
Custodian Fees(2)		2,912			12,461			121			466
Total Expenses		142,352			840,559			270,808			858,174
Net Investment Income		921,155			7,657,399			160,989			3,970,768
Net Realized Gain (Loss) on:
Investments(3)		(4,378,330	)		(26,227,474	)		(4,364,593	)		5,995,640
Foreign Currency Transactions		(26,907	)		(48,261	)		(13,009	)		—
Net Realized Gain (Loss)		(4,405,237	)		(26,275,735	)		(4,377,602	)		5,995,640
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		9,427,184			29,357,329			(359,159	)		42,119,634
Foreign Capital Gains Tax on Appreciated Securities		(5,403	)		—			—			—
Foreign Currency Translations		(6,191	)		3,199			11,435			—
Net Change in Unrealized Appreciation (Depreciation)		9,415,590			29,360,528			(347,724	)		42,119,634
Net Realized and Unrealized Gain (Loss)		5,010,353			3,084,793			(4,725,326	)		48,115,274
Net Increase (Decrease) in Net Assets Resulting from Operations	$	5,931,508		$	10,742,192		$	(4,564,337	)	$	52,086,042

(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.

317

Statements of Operations

For the period ended April 30, 2023 (Unaudited) 

	Global X MSCI SuperDividend® EAFE ETF			Global X E-commerce ETF			Global X Russell 2000 Covered Call ETF			Global X S&P Catholic Values Developed ex-U.S. ETF
Investment Income:
Dividend Income	$	338,369		$	114,721		$	7,914,300		$	189,100
Dividend Income, from Affiliated Investments		—			—			3,600,187			—
Interest Income		168			185			61,962			351
Security Lending Income		—			3,275			—			—
Less: Foreign Taxes Withheld		(32,754	)		(2,054	)		(10,635	)		(19,302	)
Total Investment Income		305,783			116,127			11,565,814			170,149
Supervision and Administration Fees(1)		30,021			120,477			4,145,221			16,276
Custodian Fees(2)		991			86			52,689			166
Total Expenses		31,012			120,563			4,197,910			16,442
Waiver of Supervision and Administration Fees		–			–			(212,005	)		–
Net Expenses		31,012			120,563			3,985,905			16,442
Net Investment Income (Loss)		274,771			(4,436	)		7,579,909			153,707
Net Realized Gain (Loss) on:
Investments(3)		(70,842	)		(5,713,380	)		(7,613,182	)		(235,472	)
Affiliated Investments		—			—			(5,681,359	)		—
Written Options		—			—			(69,475,317	)		—
Foreign Currency Transactions		3,772			(22	)		—			1,473
Net Realized Gain (Loss)		(67,070	)		(5,713,402	)		(82,769,858	)		(233,999	)
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		1,770,666			11,930,240			(27,324,352	)		1,556,951
Affiliated Investments		—			—			(9,341,467	)		—
Written Options		—			—			77,520,761			—
Foreign Currency Translations		6,564			—			—			(36	)
Net Change in Unrealized Appreciation (Depreciation)		1,777,230			11,930,240			40,854,942			1,556,915
Net Realized and Unrealized Gain (Loss)		1,710,160			6,216,838			(41,914,916	)		1,322,916
Net Increase (Decrease) in Net Assets Resulting from Operations	$	1,984,931		$	6,212,402		$	(34,335,007	)	$	1,476,623

(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.

318

Statements of Operations

For the period ended April 30, 2023 (Unaudited) 

	Global X Nasdaq 100® Covered Call & Growth ETF			Global X S&P 500® Covered Call & Growth ETF			Global X Emerging Markets Internet & E-commerce ETF			Global X NASDAQ 100® Tail Risk ETF
Investment Income:
Dividend Income	$	314,081		$	412,361		$	16,882		$	7,230
Interest Income		505			297			73			8
Less: Foreign Taxes Withheld		(639	)		(104	)		(211	)		(15	)
Total Investment Income		313,947			412,554			16,744			7,223
Supervision and Administration Fees(1)		199,190			142,044			8,453			4,677
Custodian Fees(2)		2,230			413			100			5
Total Expenses		201,420			142,457			8,553			4,682
Net Investment Income		112,527			270,097			8,191			2,541
Net Realized Gain (Loss) on:
Investments(3)		(4,020,129	)		(469,030	)		(263,134	)		(142,537	)
Purchased Options		—			—			—			(65,201	)
Written Options		(908,276	)		(715,238	)		—			—
Foreign Currency Transactions		—			—			(233	)		—
Net Realized Gain (Loss)		(4,928,405	)		(1,184,268	)		(263,367	)		(207,738	)
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		14,562,642			4,156,528			836,290			354,149
Purchased Options		—			—			—			(6,636	)
Written Options		(172,271	)		384,739			—			—
Net Change in Unrealized Appreciation (Depreciation)		14,390,371			4,541,267			836,290			347,513
Net Realized and Unrealized Gain (Loss)		9,461,966			3,356,999			572,923			139,775
Net Increase in Net Assets Resulting from Operations	$	9,574,493		$	3,627,096		$	581,114		$	142,316

(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.

319

Statements of Operations

For the period ended April 30, 2023 (Unaudited) 

	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
Investment Income:
Dividend Income	$	45,694		$	14,082		$	25,668		$	215,293
Interest Income		199			14			14			494
Less: Foreign Taxes Withheld		(95	)		(28	)		—			—
Total Investment Income		45,798			14,068			25,682			215,787
Supervision and Administration Fees(1)		27,403			8,783			9,081			72,804
Custodian Fees(2)		899			197			8			1,047
Total Expenses		28,302			8,980			9,089			73,851
Net Investment Income		17,496			5,088			16,593			141,936
Net Realized Gain (Loss) on:
Investments(3)		(810,107	)		(152,789	)		(25,998	)		(792,874	)
Purchased Options		(741,080	)		(216,026	)		(97,835	)		(1,292,169	)
Written Options		(235,167	)		54,487			—			(855,225	)
Net Realized Gain (Loss)		(1,786,354	)		(314,328	)		(123,833	)		(2,940,268	)
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		2,221,819			576,640			249,987			2,733,232
Purchased Options		73,728			(33,483	)		(4,594	)		161,842
Written Options		(20,242	)		(50,228	)		—			498,615
Net Change in Unrealized Appreciation (Depreciation)		2,275,305			492,929			245,393			3,393,689
Net Realized and Unrealized Gain (Loss)		488,951			178,601			121,560			453,421
Net Increase in Net Assets Resulting from Operations	$	506,447		$	183,689		$	138,153		$	595,357

(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.

320

Statements of Operations

For the period ended April 30, 2023 (Unaudited) 

	Global X S&P 500® Collar 95-110 ETF			Global X Disruptive Materials ETF			Global X Dow 30® Covered Call ETF			Global X Russell 2000 Covered Call & Growth ETF
Investment Income:
Dividend Income	$	33,262		$	54,238		$	693,807		$	23,284
Interest Income		20			21			—			247
Less: Foreign Taxes Withheld		—			(5,078	)		—			—
Total Investment Income		33,282			49,181			693,807			23,531
Supervision and Administration Fees(1)		11,703			13,993			190,233			8,020
Custodian Fees(2)		141			183			1,275			—
Total Expenses		11,844			14,176			191,508			8,020
Waiver of Supervision and Administration Fees		–			–			–			(1,359	)
Net Expenses		11,844			14,176			191,508			6,661
Net Investment Income		21,438			35,005			502,299			16,870
Net Realized Gain (Loss) on:
Investments(3)		(35,360	)		(131,464	)		(214,313	)		24,542
Purchased Options		74,377			—			(2,784,744	)		(117,690	)
Written Options		(213,914	)		—			—			59,414
Foreign Currency Transactions		—			111			—			—
Net Realized Gain (Loss)		(174,897	)		(131,353	)		(2,999,057	)		(33,734	)
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		324,797			166,120			3,059,899			(156,029	)
Purchased Options		(22,220	)		—			—			—
Written Options		(23,786	)		—			2,076,154			71,965
Foreign Currency Translations		—			(110	)		—			—
Net Change in Unrealized Appreciation (Depreciation)		278,791			166,010			5,136,053			(84,064	)
Net Realized and Unrealized Gain (Loss)		103,894			34,657			2,136,996			(117,798	)
Net Increase (Decrease) in Net Assets Resulting from Operations	$	125,332		$	69,662		$	2,639,295		$	(100,928	)

(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.

321

Statements of Operations

For the period ended April 30, 2023 (Unaudited) 

	Global X Financials Covered Call & Growth ETF(1)			Global X Health Care Covered Call & Growth ETF(1)			Global X Information Technology Covered Call & Growth ETF(1)			Global X Nasdaq 100® ESG Covered Call ETF(2)
Investment Income:
Dividend Income	$	24,926		$	18,683		$	11,910		$	3,128
Interest Income		80			97			91			44
Less: Foreign Taxes Withheld		—			—			(10	)		(9	)
Total Investment Income		25,006			18,780			11,991			3,163
Supervision and Administration Fees(3)		6,332			6,535			6,782			2,799
Total Expenses		6,332			6,535			6,782			2,799
Waiver of Supervision and Administration Fees		(590	)		(603	)		(627	)		–
Net Expenses		5,742			5,932			6,155			2,799
Net Investment Income		19,264			12,848			5,836			364
Net Realized Gain (Loss) on:
Investments(4)		(36,127	)		11,433			20,652			7,578
Purchased Options		(55,664	)		(10,052	)		(57,946	)		(21,864	)
Written Options		76,679			44,685			55,832			—
Net Realized Gain (Loss)		(15,112	)		46,066			18,538			(14,286	)
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		(121,154	)		(31,344	)		372,087			241,648
Written Options		8,187			3,897			(3,753	)		(22,696	)
Net Change in Unrealized Appreciation (Depreciation)		(112,967	)		(27,447	)		368,334			218,952
Net Realized and Unrealized Gain (Loss)		(128,079	)		18,619			386,872			204,666
Net Increase (Decrease) in Net Assets Resulting from Operations	$	(108,815	)	$	31,467		$	392,708		$	205,030

(1)	The Fund commenced operations on November 21, 2022.
(2)	The Fund commenced operations on February 21, 2023.
(3)	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.)
(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.

322

Statements of Operations

For the period ended April 30, 2023 (Unaudited) 

	Global X S&P 500® ESG Covered Call ETF(1)
Investment Income:
Dividend Income	$	7,755
Total Investment Income		7,755
Supervision and Administration Fees(2)		2,731
Total Expenses		2,731
Net Investment Income		5,024
Net Realized Gain (Loss) on:
Investments(3)		12,423
Written Options		(46,748	)
Net Realized Gain (Loss)		(34,325	)
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		124,752
Written Options		(10,454	)
Net Change in Unrealized Appreciation (Depreciation)		114,298
Net Realized and Unrealized Gain (Loss)		79,973
Net Increase in Net Assets Resulting from Operations	$	84,997

(1)	The Fund commenced operations on February 21, 2023.
(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)	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 Lithium & Battery Tech ETF		Global X SuperDividend® ETF‡
Period Ended April 30, 2023 (Unaudited)	Year Ended October 31, 2022	Period Ended April 30, 2023 (Unaudited)	Year Ended October 31, 2022

Operations:
Net Investment Income	$	9,356,224		$	16,046,131		$	27,373,748		$	60,797,461
Net Realized Gain (Loss)		(43,694,354	)		(90,735,668	)		(84,136,201	)		(161,604,111	)
Net Change in Unrealized Appreciation (Depreciation)		(324,789,888	)		(1,486,392,494	)		83,489,028			(229,713,972	)
Net Increase (Decrease) in Net Assets Resulting from Operations		(359,128,018	)		(1,561,082,031	)		26,726,575			(330,520,622	)
Distributions		(28,374,063	)		(13,550,903	)		(46,441,415	)		(68,726,670	)
Return of Capital		—			—			—			(25,091,152	)
Capital Share Transactions:
Issued		12,127,415			987,083,874			103,953,568			193,866,024
Redeemed		(396,532,344	)		(888,340,328	)		(9,365,630	)		(23,680,516	)
Increase (Decrease) in Net Assets from Capital Share Transactions		(384,404,929	)		98,743,546			94,587,938			170,185,508
Total Increase (Decrease) in Net Assets		(771,907,010	)		(1,475,889,388	)		74,873,098			(254,152,936	)
Net Assets:
Beginning of Year/Period		3,899,509,347			5,375,398,735			676,278,536			930,431,472
End of Year/Period	$	3,127,602,337		$	3,899,509,347		$	751,151,634		$	676,278,536
Share Transactions:
Issued		180,000			11,480,000			4,230,000			6,286,667
Redeemed		(6,290,000	)		(12,420,000	)		(373,921	)		(796,667	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		(6,110,000	)		(940,000	)		3,856,079			5,490,000

‡ Share transactions have been adjusted to reflect the effect of a 1 for 3 reverse share split on December 19, 2022 (See Note 9 in the Notes to Financial Statements).

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

324

Statements of Changes in Net Assets 

Global X Social Media ETF		Global X Guru® Index ETF
Period Ended April 30, 2023 (Unaudited)	Year Ended October 31, 2022	Period Ended April 30, 2023 (Unaudited)	Year Ended October 31, 2022

Operations:
Net Investment Income	$	764,068		$	147,637		$	65,282		$	9,277
Net Realized Gain (Loss)		(13,804,103	)		(59,049,029	)		(3,749,914	)		(10,085,129	)
Net Change in Unrealized Appreciation (Depreciation)		52,788,010			(148,544,746	)		5,951,694			(14,494,976	)
Net Increase (Decrease) in Net Assets Resulting from Operations		39,747,975			(207,446,138	)		2,267,062			(24,570,828	)
Distributions		—			—			(86,331	)		(14,584	)
Return of Capital		—			(663,636	)		—			(63,227	)
Capital Share Transactions:
Issued		13,335,067			4,148,772			—			2,097,530
Redeemed		(17,844,585	)		(94,686,332	)		(2,390,057	)		(6,769,839	)
Decrease in Net Assets from Capital Share Transactions		(4,509,518	)		(90,537,560	)		(2,390,057	)		(4,672,309	)
Total Increase (Decrease) in Net Assets		35,238,457			(298,647,334	)		(209,326	)		(29,320,948	)
Net Assets:
Beginning of Year/Period		103,245,446			401,892,780			46,535,087			75,856,035
End of Year/Period	$	138,483,903		$	103,245,446		$	46,325,761		$	46,535,087
Share Transactions:
Issued		370,000			130,000			—			50,000
Redeemed		(540,000	)		(2,540,000	)		(70,000	)		(170,000	)
Net Decrease in Shares Outstanding from Share Transactions		(170,000	)		(2,410,000	)		(70,000	)		(120,000	)

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

325

Statements of Changes in Net Assets 

Global X SuperIncome™ Preferred ETF		Global X SuperDividend® U.S. ETF
Period Ended April 30, 2023 (Unaudited)	Year Ended October 31, 2022	Period Ended April 30, 2023 (Unaudited)	Year Ended October 31, 2022

Operations:
Net Investment Income	$	6,606,822		$	10,604,029		$	12,801,998		$	23,270,439
Net Realized Gain (Loss)		(29,104,164	)		(9,393,788	)		(8,116,386	)		64,409,036
Net Change in Unrealized Appreciation (Depreciation)		19,818,845			(32,526,988	)		(49,721,740	)		(82,329,930	)
Net Increase (Decrease) in Net Assets Resulting from Operations		(2,678,497	)		(31,316,747	)		(45,036,128	)		5,349,545
Distributions		(6,842,000	)		(12,532,497	)		(22,274,400	)		(27,892,254	)
Return of Capital		—			(653,473	)		—			(13,969,909	)
Capital Share Transactions:
Issued		26,921,100			24,951,801			90,403,821			157,123,738
Redeemed		(16,648,265	)		(20,242,558	)		(77,063,027	)		(106,481,128	)
Increase in Net Assets from Capital Share Transactions		10,272,835			4,709,243			13,340,794			50,642,610
Total Increase (Decrease) in Net Assets		752,338			(39,793,474	)		(53,969,734	)		14,129,992
Net Assets:
Beginning of Year/Period		195,159,250			234,952,724			683,864,308			669,734,316
End of Year/Period	$	195,911,588		$	195,159,250		$	629,894,574		$	683,864,308
Share Transactions:
Issued		2,770,000			2,370,000			4,880,000			7,750,000
Redeemed		(1,770,000	)		(1,870,000	)		(4,190,000	)		(5,360,000	)
Net Increase in Shares Outstanding from Share Transactions		1,000,000			500,000			690,000			2,390,000

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

326

Statements of Changes in Net Assets 

Global X S&P 500® Covered Call ETF		Global X NASDAQ 100® Covered Call ETF
Period Ended April 30, 2023 (Unaudited)	Year Ended October 31, 2022	Period Ended April 30, 2023 (Unaudited)	Year Ended October 31, 2022

Operations:
Net Investment Income	$	13,176,199		$	14,116,473		$	12,553,903		$	16,191,726
Net Realized Gain (Loss)		(104,490,608	)		36,092,173			(544,540,892	)		375,062,659
Net Change in Unrealized Appreciation (Depreciation)		258,339,649			(253,367,614	)		1,406,668,201			(1,812,074,096	)
Net Increase (Decrease) in Net Assets Resulting from Operations		167,025,240			(203,158,968	)		874,681,212			(1,420,819,711	)
Distributions		(136,095,238	)		(35,714,783	)		(407,621,856	)		(211,906,795	)
Return of Capital		—			(133,893,882	)		—			(642,111,562	)
Capital Share Transactions:
Issued		794,300,260			1,708,732,044			668,136,164			4,057,801,963
Redeemed		(102,334,548	)		(71,274,199	)		(237,956,918	)		(421,530,332	)
Increase in Net Assets from Capital Share Transactions		691,965,712			1,637,457,845			430,179,246			3,636,271,631
Total Increase in Net Assets		722,895,714			1,264,690,212			897,238,602			1,361,433,563
Net Assets:
Beginning of Year/Period		1,934,545,080			669,854,868			6,397,648,310			5,036,214,747
End of Year/Period	$	2,657,440,794		$	1,934,545,080		$	7,294,886,912		$	6,397,648,310
Share Transactions:
Issued		19,750,000			36,750,000			39,870,000			200,110,000
Redeemed		(2,530,000	)		(1,690,000	)		(14,490,000	)		(24,700,000	)
Net Increase in Shares Outstanding from Share Transactions		17,220,000			35,060,000			25,380,000			175,410,000

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

327

Statements of Changes in Net Assets 

Global X MSCI SuperDividend® Emerging Markets ETF‡		Global X SuperDividend® REIT ETF‡
Period Ended April 30, 2023 (Unaudited)	Year Ended October 31, 2022	Period Ended April 30, 2023 (Unaudited)	Year Ended October 31, 2022

Operations:
Net Investment Income	$	921,155		$	3,889,079		$	7,657,399		$	16,107,768
Net Realized Gain (Loss)		(4,405,237	)		(15,697,196	)		(26,275,735	)		13,963,202
Net Change in Unrealized Appreciation (Depreciation)		9,415,590			(11,715,946	)		29,360,528			(114,883,784	)
Net Increase (Decrease) in Net Assets Resulting from Operations		5,931,508			(23,524,063	)		10,742,192			(84,812,814	)
Distributions		(1,607,131	)		(5,018,224	)		(11,148,665	)		(15,789,114	)
Return of Capital		—			(1,057,591	)		—			(9,960,386	)
Capital Share Transactions:
Issued		2,115,742			23,410,044			3,425,460			2,797,978
Redeemed		(1,965,623	)		(17,338,196	)		(20,985,976	)		(73,515,296	)
Increase (Decrease) in Net Assets from Capital Share Transactions		150,119			6,071,848			(17,560,516	)		(70,717,318	)
Total Increase (Decrease) in Net Assets		4,474,496			(23,528,030	)		(17,966,989	)		(181,279,632	)
Net Assets:
Beginning of Year/Period		39,168,134			62,696,164			286,654,636			467,934,268
End of Year/Period	$	43,642,630		$	39,168,134		$	268,687,647		$	286,654,636
Share Transactions:
Issued		86,667			720,000			150,000			113,333
Redeemed		(80,819	)		(743,333	)		(964,140	)		(2,750,000	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		5,848			(23,333	)		(814,140	)		(2,636,667	)

‡ Share transactions have been adjusted to reflect the effect of a 1 for 3 reverse share split on December 19, 2022 (See Note 9 in the Notes to Financial Statements).

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

328

Statements of Changes in Net Assets 

Global X Renewable Energy Producers ETF		Global X S&P 500® Catholic Values ETF
Period Ended April 30, 2023 (Unaudited)	Year Ended October 31, 2022	Period Ended April 30, 2023 (Unaudited)	Year Ended October 31, 2022

Operations:
Net Investment Income	$	160,989		$	1,183,661		$	3,970,768		$	6,853,787
Net Realized Gain (Loss)		(4,377,602	)		939,711			5,995,640			21,294,231
Net Change in Unrealized Appreciation (Depreciation)		(347,724	)		(31,396,085	)		42,119,634			(137,525,098	)
Net Increase (Decrease) in Net Assets Resulting from Operations		(4,564,337	)		(29,272,713	)		52,086,042			(109,377,080	)
Distributions		(416,551	)		(1,233,925	)		(4,399,548	)		(7,163,403	)
Capital Share Transactions:
Issued		2,626,782			31,092,956			61,055,786			145,015,222
Redeemed		(19,680,055	)		(56,593,086	)		(22,000,944	)		(73,172,445	)
Increase (Decrease) in Net Assets from Capital Share Transactions		(17,053,273	)		(25,500,130	)		39,054,842			71,842,777
Total Increase (Decrease) in Net Assets		(22,034,161	)		(56,006,768	)		86,741,336			(44,697,706	)
Net Assets:
Beginning of Year/Period		90,969,526			146,976,294			549,287,646			593,985,352
End of Year/Period	$	68,935,365		$	90,969,526		$	636,028,982		$	549,287,646
Share Transactions:
Issued		200,000			2,050,000			1,270,000			2,730,000
Redeemed		(1,550,000	)		(3,820,000	)		(440,000	)		(1,470,000	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		(1,350,000	)		(1,770,000	)		830,000			1,260,000

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

329

Statements of Changes in Net Assets 

Global X MSCI SuperDividend® EAFE ETF		Global X E-commerce ETF
Period Ended April 30, 2023 (Unaudited)	Year Ended October 31, 2022	Period Ended April 30, 2023 (Unaudited)	Year Ended October 31, 2022

Operations:
Net Investment Income (Loss)	$	274,771		$	769,620		$	(4,436	)	$	362,843
Net Realized Gain (Loss)		(67,070	)		160,842			(5,713,402	)		(31,325,250	)
Net Change in Unrealized Appreciation (Depreciation)		1,777,230			(2,899,393	)		11,930,240			(50,085,062	)
Net Increase (Decrease) in Net Assets Resulting from Operations		1,984,931			(1,968,931	)		6,212,402			(81,047,469	)
Distributions		(404,955	)		(742,260	)		(42,666	)		(897,920	)
Return of Capital		—			—			—			(66,565	)
Capital Share Transactions:
Issued		3,052,141			135,570			8,097,486			21,458,714
Redeemed		(822,927	)		(3,098,512	)		(12,076,933	)		(94,957,434	)
Increase (Decrease) in Net Assets from Capital Share Transactions		2,229,214			(2,962,942	)		(3,979,447	)		(73,498,720	)
Total Increase (Decrease) in Net Assets		3,809,190			(5,674,133	)		2,190,289			(155,510,674	)
Net Assets:
Beginning of Year/Period		8,383,568			14,057,701			42,240,518			197,751,192
End of Year/Period	$	12,192,758		$	8,383,568		$	44,430,807		$	42,240,518
Share Transactions:
Issued		220,000			10,000			450,000			1,000,000
Redeemed		(60,000	)		(210,000	)		(680,000	)		(4,550,000	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		160,000			(200,000	)		(230,000	)		(3,550,000	)

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

330

Statements of Changes in Net Assets 

Global X Russell 2000 Covered Call ETF		Global X S&P Catholic Values Developed ex-U.S. ETF
Period Ended April 30, 2023 (Unaudited)	Year Ended October 31, 2022	Period Ended April 30, 2023 (Unaudited)	Year Ended October 31, 2022

Operations:
Net Investment Income	$	7,579,909		$	9,603,123		$	153,707		$	150,316
Net Realized Gain (Loss)		(82,769,858	)		(76,256,194	)		(233,999	)		(113,203	)
Net Change in Unrealized Appreciation (Depreciation)		40,854,942			(86,371,791	)		1,556,915			(1,701,489	)
Net Increase (Decrease) in Net Assets Resulting from Operations		(34,335,007	)		(153,024,862	)		1,476,623			(1,664,376	)
Distributions		(84,011,274	)		(32,998,311	)		(53,384	)		(203,751	)
Return of Capital		—			(105,055,357	)		—			—
Capital Share Transactions:
Issued		250,050,104			1,143,457,691			8,336,209			3,196,433
Redeemed		(65,787,258	)		(64,583,797	)		—			—
Increase in Net Assets from Capital Share Transactions		184,262,846			1,078,873,894			8,336,209			3,196,433
Total Increase in Net Assets		65,916,565			787,795,364			9,759,448			1,328,306
Net Assets:
Beginning of Year/Period		1,342,241,164			554,445,800			5,592,322			4,264,016
End of Year/Period	$	1,408,157,729		$	1,342,241,164		$	15,351,770		$	5,592,322
Share Transactions:
Issued		13,260,000			49,770,000			300,000			110,000
Redeemed		(3,560,000	)		(3,140,000	)		—			—
Net Increase in Shares Outstanding from Share Transactions		9,700,000			46,630,000			300,000			110,000

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

331

Statements of Changes in Net Assets 

Global X Nasdaq 100® Covered Call & Growth ETF		Global X S&P 500® Covered Call & Growth ETF
Period Ended April 30, 2023 (Unaudited)	Year Ended October 31, 2022	Period Ended April 30, 2023 (Unaudited)	Year Ended October 31, 2022

Operations:
Net Investment Income	$	112,527		$	131,719		$	270,097		$	357,976
Net Realized Gain (Loss)		(4,928,405	)		3,303,859			(1,184,268	)		2,410,750
Net Change in Unrealized Appreciation (Depreciation)		14,390,371			(19,860,737	)		4,541,267			(7,710,275	)
Net Increase (Decrease) in Net Assets Resulting from Operations		9,574,493			(16,425,159	)		3,627,096			(4,941,549	)
Distributions		(2,028,514	)		(3,262,405	)		(1,404,573	)		(1,865,684	)
Return of Capital		—			(2,741,520	)		—			(1,465,030	)
Capital Share Transactions:
Issued		8,517,967			55,565,131			17,287,011			28,875,885
Redeemed		—			(16,702,729	)		(3,360,617	)		(14,111,207	)
Increase in Net Assets from Capital Share Transactions		8,517,967			38,862,402			13,926,394			14,764,678
Total Increase in Net Assets		16,063,946			16,433,318			16,148,917			6,492,415
Net Assets:
Beginning of Year/Period		61,104,688			44,671,370			41,510,539			35,018,124
End of Year/Period	$	77,168,634		$	61,104,688		$	57,659,456		$	41,510,539
Share Transactions:
Issued		350,000			1,900,000			660,000			1,020,000
Redeemed		—			(570,000	)		(130,000	)		(490,000	)
Net Increase in Shares Outstanding from Share Transactions		350,000			1,330,000			530,000			530,000

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

332

Statements of Changes in Net Assets 

Global X Emerging Markets Internet & E-commerce ETF‡		Global X NASDAQ 100® Tail Risk ETF
Period Ended April 30, 2023 (Unaudited)	Year Ended October 31, 2022	Period Ended April 30, 2023 (Unaudited)	Year Ended October 31, 2022

Operations:
Net Investment Income	$	8,191		$	4,302		$	2,541		$	5,325
Net Realized Gain (Loss)		(263,367	)		(1,482,571	)		(207,738	)		(64,066	)
Net Change in Unrealized Appreciation (Depreciation)		836,290			(927,019	)		347,513			(720,494	)
Net Increase (Decrease) in Net Assets Resulting from Operations		581,114			(2,405,288	)		142,316			(779,235	)
Distributions		—			—			(2,847	)		(66,715	)
Return of Capital		—			(9,979	)		—			—
Capital Share Transactions:
Issued		—			—			—			1,394,296
Redeemed		(2,821	)		(173,768	)		(364,129	)		(1,966,628	)
Decrease in Net Assets from Capital Share Transactions		(2,821	)		(173,768	)		(364,129	)		(572,332	)
Total Increase (Decrease) in Net Assets		578,293			(2,589,035	)		(224,660	)		(1,418,282	)
Net Assets:
Beginning of Year/Period		1,966,169			4,555,204			1,907,984			3,326,266
End of Year/Period	$	2,544,462		$	1,966,169		$	1,683,324		$	1,907,984
Share Transactions:
Issued		—			—			—			60,000
Redeemed		(129	)		(6,667	)		(20,000	)		(90,000	)
Net Decrease in Shares Outstanding from Share Transactions		(129	)		(6,667	)		(20,000	)		(30,000	)

‡ Share transactions have been adjusted to reflect the effect of a 1 for 3 reverse share split on December 19, 2022 (See Note 9 in the Notes to Financial Statements).

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

333

Statements of Changes in Net Assets 

Global X NASDAQ 100® Risk Managed Income ETF		Global X NASDAQ 100® Collar 95-110 ETF
Period Ended April 30, 2023 (Unaudited)	Year Ended October 31, 2022	Period Ended April 30, 2023 (Unaudited)	Year Ended October 31, 2022

Operations:
Net Investment Income	$	17,496		$	20,521		$	5,088		$	6,905
Net Realized Gain (Loss)		(1,786,354	)		961,113			(314,328	)		509,677
Net Change in Unrealized Appreciation (Depreciation)		2,275,305			(3,382,166	)		492,929			(1,083,002	)
Net Increase (Decrease) in Net Assets Resulting from Operations		506,447			(2,400,532	)		183,689			(566,420	)
Distributions		(553,125	)		(128,024	)		(5,149	)		(57,957	)
Return of Capital		—			(869,114	)		—			—
Capital Share Transactions:
Issued		718,516			15,545,690			—			1,741,889
Redeemed		(2,156,610	)		(5,769,910	)		(442,664	)		(873,233	)
Increase (Decrease) in Net Assets from Capital Share Transactions		(1,438,094	)		9,775,780			(442,664	)		868,656
Total Increase (Decrease) in Net Assets		(1,484,772	)		6,378,110			(264,124	)		244,279
Net Assets:
Beginning of Year/Period		10,719,550			4,341,440			3,080,540			2,836,261
End of Year/Period	$	9,234,778		$	10,719,550		$	2,816,416		$	3,080,540
Share Transactions:
Issued		40,000			690,000			—			70,000
Redeemed		(120,000	)		(280,000	)		(20,000	)		(40,000	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		(80,000	)		410,000			(20,000	)		30,000

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

334

Statements of Changes in Net Assets 

Global X S&P 500® Tail Risk ETF		Global X S&P 500® Risk Managed Income ETF
Period Ended April 30, 2023 (Unaudited)	Year Ended October 31, 2022	Period Ended April 30, 2023 (Unaudited)	Year Ended October 31, 2022

Operations:
Net Investment Income	$	16,593		$	29,933		$	141,936		$	186,483
Net Realized Gain (Loss)		(123,833	)		1,502			(2,940,268	)		1,155,778
Net Change in Unrealized Appreciation (Depreciation)		245,393			(521,816	)		3,393,689			(4,212,097	)
Net Increase (Decrease) in Net Assets Resulting from Operations		138,153			(490,381	)		595,357			(2,869,836	)
Distributions		(19,312	)		(96,334	)		(1,456,425	)		(472,058	)
Return of Capital		—			—			—			(1,738,194	)
Capital Share Transactions:
Issued		—			—			4,147,375			30,428,544
Redeemed		—			—			(2,096,587	)		(6,616,383	)
Increase in Net Assets from Capital Share Transactions		—			—			2,050,788			23,812,161
Total Increase (Decrease) in Net Assets		118,841			(586,715	)		1,189,720			18,732,073
Net Assets:
Beginning of Year/Period		3,017,408			3,604,123			24,633,665			5,901,592
End of Year/Period	$	3,136,249		$	3,017,408		$	25,823,385		$	24,633,665
Share Transactions:
Issued		—			—			200,000			1,240,000
Redeemed		—			—			(100,000	)		(290,000	)
Net Increase in Shares Outstanding from Share Transactions		—			—			100,000			950,000

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

335

Statements of Changes in Net Assets 

Global X S&P 500® Collar 95-110 ETF		Global X Disruptive Materials ETF
Period Ended April 30, 2023 (Unaudited)	Year Ended October 31, 2022	Period Ended April 30, 2023 (Unaudited)	Period Ended October 31, 2022(1)

Operations:
Net Investment Income	$	21,438		$	33,909		$	35,005		$	81,482
Net Realized Gain (Loss)		(174,897	)		160,285			(131,353	)		(203,576	)
Net Change in Unrealized Appreciation (Depreciation)		278,791			(558,753	)		166,010			(1,245,093	)
Net Increase (Decrease) in Net Assets Resulting from Operations		125,332			(364,559	)		69,662			(1,367,187	)
Distributions		(23,975	)		(70,908	)		(32,402	)		(47,516	)
Capital Share Transactions:
Issued		—			1,041,732			2,493,064			6,008,659
Redeemed		—			—			(435,664	)		(1,160,792	)
Increase in Net Assets from Capital Share Transactions		—			1,041,732			2,057,400			4,847,867
Total Increase in Net Assets		101,357			606,265			2,094,660			3,433,164
Net Assets:
Beginning of Year/Period		3,914,681			3,308,416			3,433,164			—
End of Year/Period	$	4,016,038		$	3,914,681		$	5,527,824		$	3,433,164
Share Transactions:
Issued		—			40,000			120,000			240,000
Redeemed		—			—			(20,000	)		(50,000	)
Net Increase in Shares Outstanding from Share Transactions		—			40,000			100,000			190,000

(1)   The Fund commenced operations on January 24, 2022.

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

336

Statements of Changes in Net Assets 

Global X Dow 30® Covered Call ETF		Global X Russell 2000 Covered Call & Growth ETF
Period Ended April 30, 2023 (Unaudited)	Period Ended October 31, 2022(1)	Period Ended April 30, 2023 (Unaudited)	Period Ended October 31, 2022(2)

Operations:
Net Investment Income (Loss)	$	502,299		$	238,679		$	16,870		$	(908	)
Net Realized Gain (Loss)		(2,999,057	)		(596,124	)		(33,734	)		27,432
Net Change in Unrealized Appreciation (Depreciation)		5,136,053			(372,627	)		(84,064	)		54,527
Net Increase (Decrease) in Net Assets Resulting from Operations		2,639,295			(730,072	)		(100,928	)		81,051
Distributions		(2,901,457	)		(734,788	)		(150,866	)		(12,860	)
Return of Capital		—			(1,115,840	)		—			—
Capital Share Transactions:
Issued		23,567,772			55,565,290			525,910			2,590,000
Redeemed		(3,018,138	)		—			(260,699	)		—
Increase in Net Assets from Capital Share Transactions		20,549,634			55,565,290			265,211			2,590,000
Total Increase in Net Assets		20,287,472			52,984,590			13,417			2,658,191
Net Assets:
Beginning of Year/Period		52,984,590			—			2,658,191			—
End of Year/Period	$	73,272,062		$	52,984,590		$	2,671,608		$	2,658,191
Share Transactions:
Issued		1,080,000			2,420,000			20,000			100,000
Redeemed		(140,000	)		—			(10,000	)		—
Net Increase in Shares Outstanding from Share Transactions		940,000			2,420,000			10,000			100,000

(1)   The Fund commenced operations on February 23,2022.

(2)   The Fund commenced operations on October 4, 2022.

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

337

Statements of Changes in Net Assets 

	Global X Financials Covered Call & Growth ETF			Global X Health Care Covered Call & Growth ETF
Operations:	Period Ended April 30, 2023(1) (Unaudited)			Period Ended April 30, 2023(1) (Unaudited)
Net Investment Income	$	19,264		$	12,848
Net Realized Gain (Loss)		(15,112	)		46,066
Net Change in Unrealized Appreciation (Depreciation)		(112,967	)		(27,447	)
Net Increase (Decrease) in Net Assets Resulting from Operations		(108,815	)		31,467
Distributions		(59,887	)		(58,778	)
Capital Share Transactions:
Issued		2,488,000			3,251,236
Redeemed		—			(496,164	)
Increase in Net Assets from Capital Share Transactions		2,488,000			2,755,072
Total Increase in Net Assets		2,319,298			2,727,761
Net Assets:
Beginning of Year/Period		—			—
End of Year/Period	$	2,319,298		$	2,727,761
Share Transactions:
Issued		100,000			130,000
Redeemed		—			(20,000	)
Net Increase in Shares Outstanding from Share Transactions		100,000			110,000

(1)The Fund commenced operations on November 21, 2022.

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

338

Statements of Changes in Net Assets 

Global X Information Technology Covered Call & Growth ETF	Global X Nasdaq 100® ESG Covered Call ETF
Period Ended April 30, 2023(1) (Unaudited)	Period Ended April 30, 2023(2) (Unaudited)

Operations:
Net Investment Income	$	5,836		$	364
Net Realized Gain (Loss)		18,538			(14,286	)
Net Change in Unrealized Appreciation (Depreciation)		368,334			218,952
Net Increase in Net Assets Resulting from Operations		392,708			205,030
Distributions		(65,353	)		(51,450	)
Capital Share Transactions:
Issued		2,474,000			2,446,000
Increase in Net Assets from Capital Share Transactions		2,474,000			2,446,000
Total Increase in Net Assets		2,801,355			2,599,580
Net Assets:
Beginning of Year/Period		—			—
End of Year/Period	$	2,801,355		$	2,599,580
Share Transactions:
Issued		100,000			100,000
Net Increase in Shares Outstanding from Share Transactions		100,000			100,000

(1)The Fund commenced operations on November 21, 2022.

(2)The Fund commenced operations on February 21, 2023.

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

339

Statements of Changes in Net Assets 

	Global X S&P 500® ESG Covered Call ETF
	Period Ended April 30, 2023(1) (Unaudited)
Operations:
Net Investment Income	$	5,024
Net Realized Gain (Loss)		(34,325	)
Net Change in Unrealized Appreciation (Depreciation)		114,298
Net Increase in Net Assets Resulting from Operations		84,997
Distributions		(42,428	)
Capital Share Transactions:
Issued		2,465,000
Increase in Net Assets from Capital Share Transactions		2,465,000
Total Increase in Net Assets		2,507,569
Net Assets:
Beginning of Year/Period		—
End of Year/Period	$	2,507,569
Share Transactions:
Issued		100,000
Net Increase in Shares Outstanding from Share Transactions		100,000

(1)The Fund commenced operations on February 21, 2023.

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

340

Page intentionally left blank.

341

Financial Highlights 

Selected Per Share Data & Ratios

For a Share Outstanding Throughout the Period

	Net Asset Value, Beginning of Period ($)		Net Investment Income (Loss) ($)*			Net Realized and Unrealized Gain (Loss) on Investments ($)			Total from Operations ($)			Distribution from Net Investment Income ($)			Distribution from Capital Gains ($)		Return of Capital ($)
Global X Lithium & Battery Tech ETF
2023 (Unaudited)		67.13		0.17			(6.60	)		(6.43	)		(0.52	)		—		—
2022		91.07		0.26			(23.99	)		(23.73	)		(0.21	)		—		—
2021		42.86		0.12			48.21			48.33			(0.12	)		—		—
2020		25.04		0.40			17.86			18.26			(0.44	)		—		—
2019		30.32		0.48			(4.86	)		(4.38	)		(0.90	)		—		—
2018		39.14		0.33			(7.89	)		(7.56	)		(1.26	)		—		—
Global X SuperDividend® ETF
2023(1) (Unaudited)		23.05		0.88			0.21			1.09			(1.51	)		—		—
2022(1)		39.03		2.31			(14.68	)		(12.37	)		(2.65	)		—		(0.96	)
2021(1)		31.83		2.82			7.38			10.20			(3.00	)		—		—
2020(1)		51.75		2.58			(19.02	)		(16.44	)		(3.12	)		—		(0.36	)
2019(1)		57.18		3.72			(4.41	)		(0.69	)		(4.14	)		—		(0.60	)
2018(1)		64.53		4.05			(6.78	)		(2.73	)		(4.29	)		—		(0.33	)
Global X Social Media ETF
2023 (Unaudited)		24.88		0.19			9.72			9.91			—			—		—
2022		61.26		0.03			(36.29	)		(36.26	)		—			—		(0.12	)
2021		51.95		(0.31	)		9.62			9.31			—			—		—
2020		31.92		(0.11	)		20.14			20.03			—			—		—
2019		29.10		(0.10	)		2.92			2.82			—			—		—
2018		32.67		(0.06	)		(3.02	)		(3.08	)		(0.49	)		—		—

*	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.
@	The ratio of Expenses to Average Net Assets includes the effect of a waiver. If these offsets were excluded, the
	ratio would have been 0.60% for the period ended April 30, 2023.
(1)	Per share amounts have been adjusted for a 1 for 3 reverse share split on December 19, 2022 (See Note 9 in
	the Notes to Financial Statements.)
Amounts designated as “—” are either $0 or have been rounded to $0.

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

342

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 (%)††
(0.52	)		60.18		(9.57	)		3,127,602		0.75	†		0.53	†		5.11
(0.21	)		67.13		(26.10	)		3,899,509		0.75			0.33			38.73
(0.12	)		91.07		112.89			5,375,399		0.75			0.17			39.09
(0.44	)		42.86		73.82			868,894		0.75			1.30			65.14
(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
(1.51	)		22.63		4.53			751,152	0.59		†@		7.32	†		48.56
(3.61	)		23.05		(33.80	)		676,279		0.61			7.39			91.10
(3.00	)		39.03		32.21			930,431		0.58			6.98			82.37
(3.48	)		31.83		(32.80	)		626,871		0.59			6.62			124.55
(4.74	)		51.75		(1.02	)		932,111		0.59			7.03			56.85
(4.62	)		57.18		(4.65	)		912,968		0.59			6.48			59.48
—			34.79		39.83			138,484		0.65	†		1.15	†		15.79
(0.12	)		24.88		(59.24	)		103,245		0.65			0.06			21.59
—			61.26		17.94			401,893		0.65			(0.48	)		30.89
—			51.95		62.75			225,999		0.65			(0.28	)		19.23
—			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

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

343

Financial Highlights 

Selected Per Share Data & Ratios

For a Share Outstanding Throughout the Period

	Net Asset Value, Beginning of Period ($)	Net Investment Income ($)*	Net Realized and Unrealized Gain (Loss) on Investments ($)		Total from Operations ($)		Distribution from Net Investment Income ($)		Distribution from Capital Gains ($)	Return of Capital ($)
Global X Guru® Index ETF
2023 (Unaudited)	33.48	0.05	1.63		1.68		(0.06	)	—	—
2022	50.24	0.01	(16.72	)	(16.71	)	(0.01	)	—	(0.04	)
2021	37.31	0.69	13.14		13.83		(0.90	)	—	—
2020	34.02	0.33	3.32		3.65		(0.34	)	—	(0.02	)
2019	30.09	0.12	4.02		4.14		(0.17	)	—	(0.04	)
2018	28.70	0.11	1.44		1.55		(0.16	)	—	—
Global X SuperIncome™ Preferred ETF
2023 (Unaudited)	9.67	0.32	(0.41	)	(0.09	)	(0.33	)	—	—
2022	11.94	0.54	(2.13	)	(1.59	)	(0.65	)	—	(0.03	)
2021	11.12	0.61	0.89		1.50		(0.68	)	—	—
2020	11.73	0.60	(0.53	)	0.07		(0.65	)	—	(0.03	)
2019	11.49	0.66	0.32		0.98		(0.73	)	—	(0.01	)
2018	12.44	0.78	(0.88	)	(0.10	)	(0.85	)	—	—
Global X SuperDividend® U.S. ETF
2023 (Unaudited)	19.18	0.35	(1.58	)	(1.23	)	(0.62	)	—	—
2022	20.13	0.67	(0.41	)	0.26		(0.81	)	—	(0.40	)
2021	14.99	0.65	5.59		6.24		(0.99	)	—	(0.11	)
2020	23.34	0.62	(7.45	)	(6.83	)	(1.14	)	—	(0.38	)
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	)

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

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

344

 

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 (%)††
(0.06	)		35.10		5.03			46,326		0.75	†		0.28	†		54.39
(0.05	)		33.48		(33.28	)		46,535		0.75			0.02			111.39
(0.90	)		50.24		37.43			75,856		0.75			1.47			121.91
(0.36	)		37.31		10.84			55,961		0.75			0.96			124.90
(0.21	)		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
(0.33	)		9.25		(1.04	)		195,912		0.57	†		6.57	†		76.75
(0.68	)		9.67		(13.81	)		195,159		0.58			5.04			39.39
(0.68	)		11.94		13.71			234,953		0.58			5.13			98.47
(0.68	)		11.12		0.81			184,015		0.58			5.47			67.65
(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
(0.62	)		17.33		(6.61	)		629,895		0.45	†		3.86	†		35.76
(1.21	)		19.18		1.16			683,864		0.45			3.34			38.51
(1.10	)		20.13		42.53			669,734		0.45			3.41			60.53
(1.52	)		14.99		(30.12	)		412,110		0.45			3.50			93.44
(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

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

345

Financial Highlights 

Selected Per Share Data & Ratios

For a Share Outstanding Throughout the Period

	Net Asset Value, Beginning of Period ($)		Net Investment Income ($)*		Net Realized and Unrealized Gain (Loss) on Investments ($)			Total from Operations ($)			Distribution from Net Investment Income ($)			Distribution from Capital Gains ($)			Return of Capital ($)
Global X S&P 500® Covered Call ETF(1)
2023 (Unaudited)		40.00		0.23		2.67			2.90			(2.38	)		—			—
2022		50.37		0.45		(5.50	)		(5.05	)		(1.05	)		(0.11	)		(4.16	)
2021		42.45		0.39		12.14			12.53			(4.61	)		—			—
2020		49.39		0.56		(4.17	)		(3.61	)		(0.58	)		—			(2.75	)
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	)
Global X NASDAQ 100® Covered Call ETF(1)
2023 (Unaudited)		16.15		0.03		2.14			2.17			(1.01	)		—			—
2022		22.82		0.05		(4.13	)		(4.08	)		(0.24	)		(0.50	)		(1.85	)
2021		20.65		0.02		4.73			4.75			(2.58	)		—			—
2020		23.10		0.06		(0.06	)		—			(0.06	)		—			(2.39	)
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	)
Global X MSCI SuperDividend® Emerging Markets ETF
2023(5) (Unaudited)		21.36		0.51		2.76			3.27			(0.90	)		—			—
2022(5)		33.78		1.67		(11.44	)		(9.77	)		(2.19	)		—			(0.46	)
2021(5)		28.59		3.06		4.35			7.41			(2.22	)		—			—
2020(5)		38.85		1.65		(9.51	)		(7.86	)		(1.98	)		—			(0.42	)
2019(5)		38.73		2.61		0.15			2.76			(2.64	)		—			—
2018(5)		47.82		2.70		(9.06	)		(6.36	)		(2.73	)		—			—

*	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 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.
(2)	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.
(3)	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.
(4)	Includes excise tax. If this excise expense was not included, the ratio would have been 0.60%.
(5)	Per share amounts have been adjusted for a 1 for 3 reverse share split on December 19, 2022 (See Note 9 in
	the Notes to Financial Statements.)
Amounts designated as “—” are either $0 or have been rounded to $0.

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

346

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 (%)††
(2.38	)		40.52		7.49			2,657,441		0.60	†		1.17	†		4.59
(5.32	)		40.00		(10.72	)		1,934,545		0.60			1.00			15.60
(4.61	)		50.37		30.67			669,855		0.60			0.80			4.84
(3.33	)		42.45		(7.42	)		103,992		0.71	(2)		1.22			7.29
(3.03	)		49.39		8.40			133,353		0.87	(2)		1.16			3.92
(4.04	)		48.56		4.97			77,701		0.65			1.22			4.00
(1.01	)		17.31		13.87			7,294,887		0.61	†		0.38	†		17.54
(2.59	)		16.15		(19.18	)		6,397,648		0.60			0.25			31.11
(2.58	)		22.82		23.89			5,036,215		0.60			0.11			19.99
(2.45	)		20.65		0.21			1,325,642		0.67	(3)		0.27			27.87
(2.36	)		23.10		9.39			768,036		0.85	(3)		0.26			11.82
(2.63	)		23.45		7.44			395,202		0.68	(4)		0.30			15.00
(0.90	)		23.73		(15.36	)		43,643		0.66	†		4.29	†		28.61
(2.65	)		21.36		(30.80	)		39,168		0.67			5.88			101.78
(2.22	)		33.78		25.83			62,696		0.72			8.59			102.27
(2.40	)		28.59		(21.01	)		20,007		0.67			5.04			93.04
(2.64	)		38.85		7.14			17,489		0.66			6.51			66.65
(2.73	)		38.73		(14.10	)		12,260		0.67			5.89			79.52

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

347

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 SuperDividend® REIT ETF
2023(1) (Unaudited)		21.65		0.59		(0.02	)		0.57			(0.60	)		—			—
2022(1)		29.46		1.13		(7.14	)		(6.01	)		(1.10	)		—			(0.70	)
2021(1)		22.68		1.14		7.50			8.64			(1.23	)		—			(0.63	)
2020(1)		45.99		1.68		(22.23	)		(20.55	)		(2.58	)		—			(0.18	)
2019(1)		43.86		2.97		2.73			5.70			(3.57	)		—			—
2018(1)		45.87		2.76		(0.84	)		1.92			(3.93	)		—			—
Global X Renewable Energy Producers ETF
2023 (Unaudited)		13.05		0.02		(0.74	)		(0.72	)		(0.06	)		—			—
2022		16.82		0.15		(3.76	)		(3.61	)		(0.16	)		—			—
2021		14.87		0.23		2.05			2.28			(0.30	)		(0.03	)		—
2020		13.79		0.41		1.13			1.54			(0.46	)		—			—
2019		11.52		0.13		2.61			2.74			(0.47	)		—			—
2018		12.53		0.37		(0.80	)		(0.43	)		(0.50	)		—			(0.08	)
Global X S&P 500® Catholic Values ETF
2023 (Unaudited)		47.19		0.32		3.85			4.17			(0.36	)		—			—
2022		57.22		0.61		(9.99	)		(9.38	)		(0.57	)		(0.08	)		—
2021		40.32		0.56		16.89			17.45			(0.55	)		—			—
2020		37.23		0.58		3.08			3.66			(0.55	)		(0.02	)		—
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	)		—

*	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.
@	The ratio of Expenses to Average Net Assets includes the effect of a waiver. If these offsets were excluded, the
	ratio would have been 0.32% for the year ended October 31, 2018.
(1)	Per share amounts have been adjusted for a 1 for 3 reverse share split on December 19, 2022. (See Note 9 in
	the Notes to Financial Statements.)
Amounts designated as “—” are either $0 or have been rounded to $0.

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

348

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 (%)††
(0.60	)		21.62		3.76			268,688		0.59	†		5.36	†		79.04
(1.80	)		21.65		(21.21	)		286,655		0.59			4.36			82.67
(1.86	)		29.46		38.84			467,934		0.58			3.99			59.44
(2.76	)		22.68		(45.94	)		311,625		0.58			5.74			106.23
(3.57	)		45.99		13.68			364,790		0.59			6.71			34.16
(3.93	)		43.86		4.30			118,408		0.59			6.15			41.61
(0.06	)		12.27		(5.54	)		68,935		0.65	†		0.39	†		5.44
(0.16	)		13.05		(21.57	)		90,970		0.66			1.01			18.33
(0.33	)		16.82		15.37			146,976		0.65			1.39			55.97
(0.46	)		14.87		11.39			66,192		0.65			2.89			29.27
(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
(0.36	)		51.00		8.92			636,029		0.29	†		1.34	†		1.12
(0.65	)		47.19		(16.53	)		549,288		0.29			1.17			6.79
(0.55	)		57.22		43.54			593,985		0.29			1.09			8.29
(0.57	)		40.32		9.89			379,053		0.29			1.51			5.55
(0.86	)		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

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

349

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 MSCI SuperDividend EAFE ETF
2023 (Unaudited)		11.98		0.34			2.39			2.73			(0.53	)		—			—
2022		15.62		1.00			(3.70	)		(2.70	)		(0.94	)		—			—
2021		11.44		0.79			4.10			4.89			(0.71	)		—			—
2020		16.11		0.56			(4.53	)		(3.97	)		(0.55	)		—			(0.15	)
2019		15.96		0.82			0.36			1.18			(1.03	)		—			—
2018		18.13		1.12			(2.04	)		(0.92	)		(1.10	)		(0.15	)		—
Global X E-commerce ETF
2023 (Unaudited)		15.14		—			2.24			2.24			(0.02	)		—			—
2022		31.19		0.08			(15.97	)		(15.89	)		(0.05	)		(0.10	)		(0.01	)
2021		26.79		(0.04	)		4.70			4.66			(0.13	)		(0.13	)		—
2020		17.58		0.19			9.05			9.24			(0.03	)		—			—
2019(1)		15.00		(0.05	)		2.63			2.58			—			—			—
Global X Russell 2000 Covered Call ETF
2023 (Unaudited)		19.55		0.10			(0.54	)		(0.44	)		(1.14	)		—			—
2022		25.18		0.19			(3.10	)		(2.91	)		(0.44	)		(0.31	)		(1.97	)
2021		20.45		0.13			7.50			7.63			(2.90	)		—			—
2020		25.24		0.12			(2.51	)		(2.39	)		(0.11	)		(0.17	)		(2.12	)
2019(4)		25.00		0.09			1.37			1.46			(1.22	)		—			—

*	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 ratio of Expenses to Average Net Assets includes the effect of a waiver due to acquired fund fees and
	expenses. The ratio to Average Net Assets does not include acquired fund fees and expenses of the underlying
	investments, if applicable. If these offsets were excluded, the ratio would have been 0.61%, 0.60%, 0.60%,
	0.68% and 0.97% for the period ended April 30, 2023 to the year ended October 31, 2019, respectively.
(3)	Includes fees charged by the Fund custodian that were reimbursed by the custodian to the Fund subsequent
	to the reporting period.  Excluding these fees, the ratio to average net assets would have been 0.54%.
(4)	The Fund commenced operations on April 17, 2019.
Amounts designated as “—” are either $0 or have been rounded to $0.

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

350

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 (%)††
(0.53	)		14.18		23.07			12,193		0.57	†		5.03	†		7.96
(0.94	)		11.98		(18.12	)		8,384		0.57			6.89			34.00
(0.71	)		15.62		43.05			14,058		0.55			5.12			88.53
(0.70	)		11.44		(25.24	)		7,436		0.56			4.07			59.28
(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
(0.02	)		17.36		14.77			44,431		0.50	†		(0.02	)†		11.89
(0.16	)		15.14		(51.19	)		42,241		0.50			0.34			25.82
(0.26	)		31.19		17.39			197,751		0.50			(0.11	)		14.64
(0.03	)		26.79		52.67			91,083		0.50			0.75			42.01
—			17.58		17.20			3,517		0.68	†		(0.32	)†		23.50
(1.14	)		17.97		(2.34	)		1,408,158		0.58	†(2)		1.10	†		7.71
(2.72	)		19.55		(12.18	)		1,342,241		0.55	(2)(3)		0.86			186.48
(2.90	)		25.18		38.82			554,446		0.50	(2)		0.53			8.94
(2.40	)		20.45		(9.18	)		21,475		0.56	(2)		0.68			11.16
(1.22	)		25.24		5.99			8,833		0.82	†(2)		0.68	†		5.82

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

351

Financial Highlights 

Selected Per Share Data & Ratios

For a Share Outstanding Throughout the Period

	Net Asset Value, Beginning of Period ($)		Net Investment Income (Loss) ($)*		Net Realized and Unrealized Gain (Loss) on Investments ($)			Total from Operations ($)			Distribution from Net Investment Income ($)			Distribution from Capital Gains ($)			Return of Capital ($)
Global X S&P Catholic Values Developed ex-U.S. ETF
2023 (Unaudited)		23.30		0.44		4.91			5.35			(0.22	)		—			—
2022		32.80		0.77		(9.11	)		(8.34	)		(0.79	)		(0.37	)		—
2021		24.98		0.70		7.71			8.41			(0.59	)		—			—
2020(1)		25.05		0.19		(0.26	)		(0.07	)		—			—			—
Global X Nasdaq 100® Covered Call & Growth ETF
2023 (Unaudited)		22.80		0.04		3.35			3.39			(0.72	)		—			—
2022		33.09		0.06		(7.29	)		(7.23	)		(0.20	)		(1.60	)		(1.26	)
2021		26.27		0.02		8.56			8.58			(1.76	)		—			—
2020(3)		26.30		—		0.11			0.11			—			—			(0.14	)
Global X S&P 500® Covered Call & Growth ETF
2023 (Unaudited)		25.47		0.15		1.83			1.98			(0.76	)		—			—
2022		31.83		0.27		(4.03	)		(3.76	)		(0.42	)		(1.10	)		(1.08	)
2021		24.69		0.22		8.29			8.51			(1.37	)		—			—
2020(3)		25.22		0.02		(0.41	)		(0.39	)		(0.02	)		—			(0.12	)

*	Per share data calculated using average shares method.
**	Total Return is for the period indicated and has not been annualized. The return shown does not reflect the
	deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.
†	Annualized.
††	Portfolio turnover rate is for the period indicated and periods of less than one year have not been
	annualized. Excludes effect of in-kind transfers.
(1)	The Fund commenced operations on June 22, 2020.
(2)	Includes fees charged by the Fund custodian that were reimbursed by the custodian to the Fund subsequent
	to the reporting period.  Excluding these fees, the ratio to average net assets would have been 0.60%.
(3)	The Fund commenced operations on September 18, 2020.
Amounts designated as “—” are either $0 or have been rounded to $0.

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

352

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 (%)††
(0.22	)		28.43		23.07			15,352		0.35	†		3.31	†		8.12
(1.16	)		23.30		(26.11	)		5,592		0.35			2.83			12.83
(0.59	)		32.80		33.79			4,264		0.35			2.22			17.17
—			24.98		(0.28	)		2,498		0.35	†		2.02	†		4.04
(0.72	)		25.47		15.13			77,169		0.61	†		0.34	†		11.47
(3.06	)		22.80		(23.57	)		61,105		0.61	(2)		0.23			18.12
(1.76	)		33.09		33.42			44,671		0.60			0.06			11.21
(0.14	)		26.27		0.40			6,568		0.60	†		(0.10	)†		1.65
(0.76	)		26.69		7.89			57,659		0.60	†		1.14	†		2.59
(2.60	)		25.47		(12.63	)		41,511		0.61	(2)		0.94			9.36
(1.37	)		31.83		35.18			35,018		0.60			0.74			12.17
(0.14	)		24.69		(1.60	)		3,704		0.60	†		0.75	†		0.75

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

353

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 Emerging Markets Internet & E-commerce ETF
2023(1) (Unaudited)		16.38		0.13			4.72			4.85			—			—			—
2022(1)		35.97		0.04			(19.55	)		(19.51	)		—			—			(0.08	)
2021(1)(2)		44.37		(0.21	)		(8.19	)		(8.40	)		—			—			—
Global X NASDAQ 100® Tail Risk ETF
2023 (Unaudited)		19.08		0.03			1.97			2.00			(0.04	)		—			—
2022		25.59		0.04			(6.03	)		(5.99	)		(0.03	)		(0.49	)		—
2021(3)		25.13		(0.01	)		0.47			0.46			—			—			—
Global X NASDAQ 100® Risk Managed Income ETF
2023 (Unaudited)		18.17		0.03			1.01			1.04			(1.10	)		—			—
2022		24.12		0.04			(4.04	)		(4.00	)		(0.25	)		—			(1.70	)
2021(3)		24.60		(0.01	)		(0.16	)		(0.17	)		—			—			(0.31	)

*	Per share data calculated using average shares method.
**	Total Return is for the period indicated and has not been annualized. The return shown does not reflect the
	deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.
†	Annualized.
††	Portfolio turnover rate is for the period indicated and periods of less than one year have not been
	annualized. Excludes effect of in-kind transfers.
(1)	Per share amounts have been adjusted for a 1 for 3 reverse share split on December 19, 2022 (See Note 9 in
	the Notes to Financial Statements.)
(2)	The Fund commenced operations on November 9, 2020.
(3)	The Fund commenced operations on August 25, 2021.
(4)	Includes fees charged by the Fund custodian that were reimbursed by the custodian to the Fund subsequent
	to the reporting period.  Excluding these fees, the ratio to average net assets would have been 0.61%.
Amounts designated as “—” are either $0 or have been rounded to $0.

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

354

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 (%)††
—			21.23		29.61			2,544		0.66	†		0.63	†		12.02
(0.08	)		16.38		(54.30	)		1,966		0.65			0.14			26.27
—			35.97		(18.93	)		4,555		0.65	†		(0.49	)†		23.61
(0.04	)		21.04		10.49			1,683		0.60	†		0.33	†		5.91
(0.52	)		19.08		(23.90	)		1,908		0.61			0.19			13.88
—			25.59		1.83			3,326		0.60	†		(0.12	)†		1.71
(1.10	)		18.11		5.97			9,235		0.62	†		0.38	†		7.50
(1.95	)		18.17		(17.24	)		10,720		0.62	(4)		0.19			27.40
(0.31	)		24.12		(0.69	)		4,341		0.60	†		(0.15	)†		2.16

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

355

Financial Highlights 

Selected Per Share Data & Ratios

For a Share Outstanding Throughout the Period

	Net Asset Value, Beginning of Period ($)		Net Investment Income (Loss) ($)*			Net Realized and Unrealized Gain (Loss) on Investments ($)			Total from Operations ($)			Distribution from Net Investment Income ($)			Distribution from Capital Gains ($)			Return of Capital ($)
Global X NASDAQ 100® Collar 95-110 ETF
2023 (Unaudited)		22.00		0.04			1.47			1.51			(0.04	)		—			—
2022		25.78		0.04			(3.38	)		(3.34	)		(0.02	)		(0.42	)		—
2021(2)		25.27		(0.01	)		0.52			0.51			—			—			—
Global X S&P 500® Tail Risk ETF
2023 (Unaudited)		23.21		0.13			0.93			1.06			(0.15	)		—			—
2022		27.72		0.23			(4.00	)		(3.77	)		(0.16	)		(0.58	)		—
2021(2)		27.33		0.03			0.36			0.39			—			—			—
Global X S&P 500® Risk Managed Income ETF
2023 (Unaudited)		21.05		0.12			0.40			0.52			(1.24	)		—			—
2022		26.83		0.23			(3.38	)		(3.15	)		(0.52	)		(0.07	)		(2.04	)
2021(2)		26.77		0.03			0.39			0.42			(0.36	)		—			—

*	Per share data calculated using average shares method.
**	Total Return is for the period indicated and has not been annualized. The return shown does not reflect the
	deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.
†	Annualized.
††	Portfolio turnover rate is for the period indicated and periods of less than one year have not been
	annualized. Excludes effect of in-kind transfers.
(1)	Includes fees charged by the Fund custodian that were reimbursed by the custodian to the Fund subsequent
	to the reporting period.  Excluding these fees, the ratio to average net assets would have been 0.61%.
(2)	The Fund commenced operations on August 25, 2021.
Amounts designated as “—” are either $0 or have been rounded to $0.

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

356

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 (%)††
(0.04	)		23.47		6.87			2,816		0.61	†		0.35	†		6.26
(0.44	)		22.00		(13.19	)		3,081		0.62	(1)		0.18			9.89
—			25.78		2.06			2,836		0.60	†		(0.11	)†		2.11
(0.15	)		24.12		4.60			3,136		0.60	†		1.10	†		0.86
(0.74	)		23.21		(13.98	)		3,017		0.61			0.92			7.40
—			27.72		1.43			3,604		0.60	†		0.58	†		6.21
(1.24	)		20.33		2.55			25,823		0.61	†		1.17	†		2.50
(2.63	)		21.05		(12.39	)		24,634		0.63	(1)		0.97			21.62
(0.36	)		26.83		1.60			5,902		0.60	†		0.57	†		7.08

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

357

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® Collar 95-110 ETF
2023 (Unaudited)		24.47		0.13		0.65			0.78			(0.15	)		—			—
2022		27.57		0.23		(2.77	)		(2.54	)		(0.16	)		(0.40	)		—
2021(2)		27.28		0.03		0.26			0.29			—			—			—
Global X Disruptive Materials ETF
2023 (Unaudited)		18.07		0.15		0.99			1.14			(0.15	)		—			—
2022(3)		23.75		0.45		(5.88	)		(5.43	)		(0.25	)		—			—
Global X Dow 30® Covered Call ETF
2023 (Unaudited)		21.89		0.17		0.74			0.91			(0.99	)		—			—
2022(4)		24.13		0.22		(0.86	)		(0.64	)		(0.64	)		—			(0.96	)

*	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.
†	Annualized.
††	Portfolio turnover rate is for the period indicated and periods of less than one year have not been
	annualized. Excludes effect of in-kind transfers.
(1)	Includes fees charged by the Fund custodian that were reimbursed by the custodian to the Fund subsequent
	to the reporting period.  Excluding these fees, the ratio to average net assets would have been 0.61%.
(2)	The Fund commenced operations on August 25, 2021.
(3)	The Fund commenced operations on January 24, 2022.
(4)	The Fund commenced operations on February 23, 2022.
(5)	Includes fees charged by the Fund custodian that were reimbursed by the custodian to the Fund subsequent
	to the reporting period.  Excluding these fees, the ratio to average net assets would have been 0.60%.
Amounts designated as “—” are either $0 or have been rounded to $0.

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

358

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 (%)††
(0.15	)	25.10	3.22		4,016	0.61	†	1.10	†	0.62
(0.56	)	24.47	(9.40	)	3,915	0.64	(1)	0.90		8.96
—		27.57	1.06		3,308	0.60	†	0.58	†	6.44
(0.15	)	19.06	6.27		5,528	0.60	†	1.48	†	13.59
(0.25	)	18.07	(22.98	)	3,433	0.60	†	2.72	†	25.34
(0.99	)	21.81	4.24		73,272	0.60	†	1.58	†	4.79
(1.60	)	21.89	(2.77	)	52,985	0.61	†(5)	1.42	†	8.82

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

359

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 Russell 2000 Covered Call & Growth ETF
2023 (Unaudited)		26.58		0.16			(0.99	)		(0.83	)		(0.64	)		(0.82	)		—
2022 (1)		25.90		(0.01	)		0.82			0.81			(0.13	)		—			—
Global X Financials Covered Call & Growth ETF
2023 (Unaudited)(2)		24.88		0.19			(1.28	)		(1.09	)		(0.60	)		—			—
Global X Health Care Covered Call & Growth ETF
2023 (Unaudited)(2)		25.06		0.13			0.19			0.32			(0.58	)		—			—

*	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.
@	The ratio of Expenses to Average Net Assets includes the effect of a waiver due to acquired fund fees and
	expenses. The ratio to Average Net Assets does not include acquired fund fees and expenses of the underlying
	investments, if applicable. If these offsets were excluded, the ratio would have been 0.60% for the year ended
	October 31, 2022.
(1)	The Fund commenced operations on October 4, 2022.
(2)	The Fund commenced operations on November 21, 2022.
Amounts designated as “—” are either $0 or have been rounded to $0.

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

360

Financial Highlights 

Total from Distributions ($)		Net Asset Value, End of Period ($)		Total Return (%)**			Net Assets End of Period ($)(000)		Ratio of Expenses to Average Net Assets (%)			Ratio of Net Investment Income (Loss) to Average Net Assets (%)			Portfolio Turnover (%)††
(1.46	)		24.29		(3.19	)		2,672		0.50	†		1.26	†		3.31
(0.13	)		26.58		3.14			2,658	0.50		@†		(0.50	)†		—
(0.60	)		23.19		(4.44	)		2,319		0.67	†		2.25	†		12.32
(0.58	)		24.80		1.31			2,728		0.54	†		1.18	†		4.51

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

361

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 Information Technology Covered Call & Growth ETF
2023 (Unaudited)(1)		24.74		0.06		3.86		3.92		(0.65	)		—		—
Global X Nasdaq 100® ESG Covered Call ETF
2023 (Unaudited)(2)		24.46		—		2.05		2.05		(0.51	)		—		—
Global X S&P 500® ESG Covered Call ETF
2023 (Unaudited)(2)		24.65		0.05		0.80		0.85		(0.42	)		—		—

*	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 21, 2022.
(2)	The Fund commenced operations on February 21, 2023.
Amounts designated as “—” are either $0 or have been rounded to $0.

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

362

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 (%)††
(0.65	)		28.01		16.10		2,801		0.54	†		0.52	†		12.55
(0.51	)		26.00		8.45		2,600		0.60	†		0.08	†		3.51
(0.42	)		25.08		3.50		2,508		0.60	†		1.10	†		12.03

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

363

Notes to Financial Statements (Unaudited) 

April 30, 2023

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 April 30, 2023, the Trust had one hundred and fourteen portfolios, one hundred and three of which were operational. The financial statements herein and the related notes pertain to the Global X Lithium and Battery Tech ETF, Global X SuperDividend^® ETF, Global X Social Media ETF, Global X Guru^® Index ETF, Global X SuperIncome^™ Preferred ETF, Global X SuperDividend^® U.S. ETF, Global X S&P 500^® Covered Call ETF, Global X NASDAQ 100^® Covered Call ETF, Global X MSCI SuperDividend^® Emerging Markets ETF, Global X SuperDividend^® REIT ETF, Global X Renewable Energy Producers ETF, Global X S&P 500^® Catholic Values ETF, Global X MSCI SuperDividend^® EAFE ETF, Global X E-commerce ETF, Global X Russell 2000 Covered Call ETF, Global X S&P Catholic Values Developed ex-U.S. ETF, Global X Nasdaq 100^® Covered Call & Growth ETF, Global X S&P 500^® Covered Call & Growth ETF, Global X Emerging Markets Internet & E-commerce ETF, 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, Global X S&P 500^® Collar 95-110 ETF, Global X Disruptive Materials ETF, Global X Dow 30^® Covered Call ETF, Global X Russell 2000 Covered Call & Growth ETF, Global X Financials Covered Call & Growth ETF, Global X Health Care Covered Call & Growth ETF, Global X Information Technology Covered Call & Growth ETF, Global X Nasdaq 100^® ESG Covered Call ETF and Global X S&P 500^® ESG Covered Call 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 Dow 30^® 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 under the 1940 act.

Global X Financials Covered Call & Growth ETF commenced operations on November 21, 2022.

Global X Health Care Covered Call & Growth ETF commenced operations on November 21, 2022.

Global X Information Technology Covered Call & Growth ETF commenced operations on November 21, 2022.

Global X Nasdaq 100^® ESG Covered Call ETF commenced operations on February 21, 2023.

364

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

1. ORGANIZATION (continued)

Global X S&P 500^® ESG Covered Call ETF commenced operations on February 21, 2023.

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

365

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

level taxation. To qualify as an MLP and to not be taxed as a corporation, a partnership must receive at least 90% of its income from qualifying sources as set forth in Section 7704(d) of the Internal Revenue Code of 1986, as amended (the “Code”). These qualifying sources include natural resource-based activities such as the processing, transportation and storage of mineral or natural resources. MLPs generally have two classes of owners: the general partner and limited partners. The general partner of an MLP is typically owned by a major energy company, an investment fund, the direct management of the MLP, or is an entity owned by one or more of such parties. The general partner may be structured as a private or publicly traded corporation or other entity.

The general partner typically controls the operations and management of the MLP through an up to 2% equity interest in the MLP plus, in many cases, ownership of common units and subordinated units.

Limited partners typically own the remainder of the partnership through ownership of common units, and have a limited role in the partnership’s operations and management. MLPs are typically structured such that common units and general partner interests have first priority to receive quarterly cash distributions up to an established minimum amount (“minimum quarterly distributions” or “MQD”). Common and general partner interests also accrue arrearages in distributions to the extent the MQD is not paid. Once common and general partner interests have been paid, subordinated units receive distributions of up to the MQD; however, subordinated units do not accrue arrearages. Distributable cash in excess of the MQD is paid to both common and subordinated units and is distributed to both common and subordinated units generally on a pro rata basis. The general partner is also eligible to receive incentive distributions if the general partner operates the business in a manner which results in distributions paid per common unit surpassing specified target levels. As the general partner increases cash distributions to the limited partners, the general partner receives an increasingly higher percentage of the incremental cash distributions.

SECURITY VALUATION - Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (except for securities traded on the NASDAQ Stock Market ("NASDAQ")), including securities traded over the counter, are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded (or at approximately 4:00 pm Eastern Standard Time if a security’s primary exchange is normally open at that time), or, if there is no such reported sale, at the most recent mean between the quoted bid and asked prices, which approximates fair value (absent both bid and asked prices on such exchange, the bid price may be used).

For securities traded on NASDAQ, the NASDAQ Official Closing Price will be used. The prices for foreign securities are reported in local currency and converted to U.S. dollars using currency exchange rates as of the reporting date. The exchange rates used by the Trust for valuation are captured as of the New York or London close each day.

366

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

Options traded on an exchange will be valued at the mean of the bid and ask quotations for the current day at the close of the market. If either the bid or the ask is not available, the last closing price will be used.

Securities for which market prices are not "readily available" are valued in accordance with fair value procedures (the “Fair Value Procedures”) established by Global X Management Company LLC, the Funds' investment adviser (the "Adviser"), and approved by the Funds' Board of Trustees (the “Board”). Pursuant to Rule 2a-5 under the 1940 Act, the Board has designated the Adviser as the "valuation designee" to determine the fair value of securities and other instruments for which no readily available market quotations are available. The Fair Value Procedures are implemented through a fair value committee (the “Committee”) of the Adviser. Some of the more common reasons that may necessitate that a security be valued using the Fair Value Procedures include: the security's trading has been halted or suspended; the security has been de-listed from its primary trading exchange; the security's primary trading market is temporarily closed at a time when, under normal conditions, it would be open; the security has not been traded for an extended period of time; the security's primary pricing source is not able or willing to provide a price; or trading of the security is subject to local government-imposed restrictions. In addition, the Funds may fair value a security if an event that may materially affect the value of the Funds’security that is traded outside the United States (a “Significant Event”) has occurred between the time of the security's last close and the time that each Fund calculates its net asset value ("NAV"). A Significant Event may relate to a single issuer or to an entire market sector. Events that may be Significant Events include: government actions, natural disasters, armed conflict, acts of terrorism and significant market fluctuations. If theAdviser 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 NAVs, it may request that a Committee meeting be called. When a security is valued in accordance with the Fair Value Procedures, the Committee will determine the value after taking into consideration all relevant information reasonably available to the Committee.

If available, debt securities are priced based upon valuations provided by independent, third-party pricing agents. Such values generally reflect the last reported sales price if the security is actively traded. The third-party pricing agents may also value debt securities at an evaluated bid price by employing methodologies that utilize actual market transactions, broker-supplied valuations, or other methodologies designed to identify the market value for such securities. Debt obligations with remaining maturities of sixty days or less will be valued at their market value. Prices for most securities held by the Funds are provided daily by recognized independent pricing agents. If a security price cannot be obtained from an independent, third-party pricing agent, the Funds seek to obtain a bid price from at least one independent broker.

367

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

In accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP, the Funds disclose the fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The objective of a fair value measurement is to determine the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). Accordingly, the fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

Level 1 – Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Funds have the ability to access at the measurement date

Level 2 – Other significant observable inputs (including quoted prices in non-active markets, quoted prices for similar investments, fair value of investments for which the Funds have the ability to fully redeem tranches at NAV as of the measurement date or within the near term, and short-term investments valued at amortized cost)

Level 3 – Significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments, and fair value of investments for which the Funds do not have the ability to fully redeem tranches at NAV as of the measurement date or within the near term)

Investments are classified within the level of the lowest significant input considered in determining fair value. Investments classified within Level 3 whose fair value measurement considers several inputs may include Level 1 or Level 2 inputs as components of the overall fair value measurement.

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 April 30, 2023. The Funds continuously monitor the credit standing of each broker or counterparty with whom they conduct business. In the event a broker or counterparty is unable to fulfill its obligations, the Funds would be subject to counterparty credit risk.

REPURCHASE AGREEMENTS - Securities pledged as collateral for repurchase agreements by BNP Paribas are held by Brown Brothers Harriman & Co. (“BBH”) or the Bank of New York Mellon ("BNY Mellon"), as appropriate, in their roles as Custodian to respective Funds (each, a "Custodian" and together, the "Custodians"), and are designated

368

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

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. 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 April 30, 2023, 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 Lithium & Battery Tech ETF
BNP Paribas	$	144,307,224	$	144,307,224	$	–	$	–
Global X SuperDividend® ETF
BNP Paribas		40,711,805		40,711,805		–		–
Global X Social Media ETF
BNP Paribas		3,153,500		3,153,500		–		–
Global X Guru® Index ETF
BNP Paribas		373,017		373,017		–		–
Global X SuperIncome™ Preferred ETF
BNP Paribas		11,257,896		11,257,896		–		–
Global X Renewable Energy Producers ETF
BNP Paribas		1,526,513		1,526,513		–		–
Global X E-commerce ETF
BNP Paribas		1,073,997		1,073,997		–		–

*      Repurchase agreements with an overnight and continuous maturity.

369

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

(1) Excess collateral received is not presented in the table above. Please refer to the Schedules of Investments for the market value of 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 April 30, 2023, the Funds did not have a liability for any unrecognized tax benefits. The Funds recognize interest and penalties, if any, related to unrecognized tax benefits as an income tax expense on the Statements of Operations. During the reporting period, the Funds did not incur any interest or penalties.

SECURITY TRANSACTIONS AND INVESTMENT INCOME – Security transactions are accounted for on the trade date for financial reporting purposes. Costs used in determining realized gains and losses on the sale of investment securities are based on specific identification. Dividend income is recorded on the ex-dividend date. Interest income is recognized on the accrual basis from the settlement date. Amortization of premiums and accretion of discounts is included in interest income.

FOREIGN CURRENCY TRANSACTIONS AND TRANSLATION – The books and records of the Funds are maintained in U.S. dollars. Investment securities and other assets and liabilities denominated in a foreign currency are translated into U.S. dollars on the date of valuation. Purchases and sales of investment securities, income and expenses are translated into U.S. dollars at the relevant rates of exchange prevailing on the respective dates of such transactions. The Funds do not isolate that portion of realized or unrealized gains and losses resulting from changes in the foreign exchange rate from fluctuations

370

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April 30, 2023

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

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 the ex-dividend date.

INVESTMENTS IN REITs – With respect to the Funds, dividend income is recorded based on the income included in distributions received from REIT investments using published REIT reclassifications, including some management estimates when actual amounts are not available. Distributions received in excess of these estimated amounts are recorded as a reduction of the cost of investments or reclassified to capital gains. The actual amounts of income, return of capital, and capital gains are only determined by each REIT after its fiscal year end, and may differ from the estimated amounts.

CREATION UNITS – The Funds issue and redeem their shares (“Shares”) on a continuous basis at net asset value (“NAV”) and only in large blocks of 10,000 Shares, referred to as “Creation Units”. Purchasers of Creation Units (“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.

An Authorized Participant who holds Creation Units and wishes to redeem at NAV would also pay a standard redemption fee per transaction to the Fund’s Custodian, on the date of such redemption, regardless of the number of Creation Units redeemed that day.

If a Creation Unit is purchased or redeemed for cash, an additional variable fee may be charged. The following table discloses Creation Unit breakdown:

	Creation Unit Shares		Creation Fee		Value at April 30, 2023		Redemption Fee
Global X Lithium & Battery Tech ETF		10,000	$	1,000	$	601,800	$	1,000
Global X SuperDividendAE ETF		10,000		2,000		226,300		2,000
Global X Social Media ETF		10,000		300		347,900		300
Global X Guru® Index ETF		10,000		250		351,000		250

371

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April 30, 2023

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

	Creation Unit Shares		Creation Fee		Value at April 30, 2023		Redemption Fee
Global X SuperIncome™ Preferred ETF		10,000	$	300	$	92,500	$	300
Global X SuperDividend® U.S. ETF		10,000		150		173,300		150
Global X S&P 500® Covered Call ETF		10,000		2,000		405,200		2,000
Global X NASDAQ 100® Covered Call ETF		10,000		500		173,100		500
Global X MSCI SuperDividendA® Emerging Markets ETF		10,000		1,600		237,300		1,600
Global X SuperDividend® REIT ETF		10,000		400		216,200		400
Global X Renewable Energy Producers ETF		10,000		1,100		122,700		1,100
Global X S&P 500® Catholic Values ETF		10,000		1,300		510,000		1,300
Global X MSCI SuperDividend® EAFE ETF		10,000		1,000		141,800		1,000
Global X E-commerce ETF		10,000		250		173,600		250
Global X Russell 2000 Covered Call ETF		10,000		250		179,700		250
Global X S&P Catholic Values Developed ex- U.S. ETF		10,000		8,000		284,300		8,000
Global X Nasdaq 100® Covered Call & Growth ETF		10,000		500		254,700		500
Global X S&P 500® Covered Call & Growth ETF		10,000		1,500		266,900		1,500
Global X Emerging Markets Internet & E-commerce ETF		10,000		800		212,300		800
Global X NASDAQ 100® Tail Risk ETF		10,000		500		210,400		500
Global X NASDAQ 100® Risk Managed Income ETF		10,000		500		181,100		500
Global X NASDAQ 100® Collar 95-110 ETF		10,000		500		234,700		500
Global X S&P 500® Tail Risk ETF		10,000		2,000		241,200		2,000
Global X S&P 500® Risk Managed Income ETF		10,000		2,000		203,300		2,000
Global X S&P 500® Collar 95-110 ETF		10,000		2,000		251,000		2,000
Global X Disruptive Materials ETF		10,000		800		190,600		800
Global X Dow 30® Covered Call ETF		10,000		250		218,100		250
Global X Russell 2000 Covered Call & Growth ETF		10,000		250		242,900		250
Global X Financials Covered Call & Growth ETF		10,000		250		231,900		250
Global X Health Care Covered Call & Growth ETF		10,000		250		248,000		250
Global X Information Technology Covered Call & Growth ETF		10,000		250		280,100		250
Global X Nasdaq 100® ESG Covered Call ETF		10,000		500		260,000		500
Global X S&P 500® ESG Covered Call ETF		10,000		2,000		250,800		2,000

CASH OVERDRAFT CHARGES – Per the terms of an agreement with BBH, if a Fund for which BBH is Custodian has a cash overdraft on a given day, it will be assessed an overdraft charge equal to the applicable BBH Base Rate plus 2.00%. Per the terms of

372

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

an agreement with BNY Mellon, if a Fund for which BNY Mellon is Custodian has a cash overdraft, it will be charged interest at a rate then charged by BNY Mellon to its institutional custody clients in the relevant currency. Cash overdraft charges are included in custodian fees on the Statements of Operations.

3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS

On July 2, 2018, the Adviser consummated a transaction pursuant to which it became an indirect, wholly-owned subsidiary of Mirae Asset Global Investments Co., Ltd. (“Mirae”). In this manner, the Adviser is ultimately controlled by Mirae, 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).

373

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)

The following table discloses supervision and administration fees payable pursuant to the Supervision and Administration Agreement:

	Supervision and
	Administration Fee
Global X Lithium & Battery Tech ETF		0.75	%
Global X SuperDividend® ETF(1)		0.58	%
Global X Social Media ETF		0.65	%
Global X Guru® Index ETF		0.75	%
Global X SuperIncomeTM Preferred ETF(2)		0.48	%
Global X SuperDividend® U.S. ETF		0.45	%
Global X S&P 500® Covered Call ETF		0.60	%
Global X NASDAQ 100® Covered Call ETF		0.60	%
Global X MSCI SuperDividend® Emerging Markets ETF		0.65	%
Global X SuperDividend® REIT ETF		0.58	%
Global X Renewable Energy Producers ETF		0.65	%
Global X S&P 500® Catholic Values ETF		0.29	%
Global X MSCI SuperDividend® EAFE ETF		0.55	%
Global X E-commerce ETF		0.50	%
Global X Russell 2000 Covered Call ETF(3)		0.60	%
Global X S&P 500® Catholic Values Developed ex-U.S. ETF		0.35	%
Global X NASDAQ 100® Covered Call & Growth ETF		0.60	%
Global X S&P 500® Covered Call and Growth ETF		0.60	%
Global X Emerging Markets Internet & E-commerce ETF		0.65	%
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	%

374

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)

	Supervision and
	Administration Fee
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 Disruptive Materials ETF		0.59	%
Global X Dow 30® Covered Call ETF		0.60	%
Global X Russell 2000 Covered Call & Growth ETF(4)		0.60	%
Global X Financials Covered Call & Growth ETF(5)		0.60	%
Global X Health Care Covered Call & Growth ETF(6)		0.60	%
Global X Information Technology Covered Call & Growth ETF(7)		0.60	%
Global X Nasdaq 100® ESG Covered Call ETF		0.60	%
Global X S&P 500® ESG Covered Call ETF		0.60	%

⁽¹⁾ Pursuant to an Expense Limitation Agreement, the Adviser has contractually agreed to reimburse or waive fees and/or limit expenses for the Global X SuperDividend^® ETF to the extent necessary to assure that the operating expenses of the Global X SuperDividend^® ETF (exclusive of taxes, brokerage fees, commissions, and other transaction expenses and extraordinary expenses (such as litigation and indemnification expenses)) will not exceed 0.58% of the average daily net assets of the Global X SuperDividend^® ETF per year until at least March 1, 2024.

⁽²⁾ Effective April 3, 2023, the Supervision and Administration Fee for the Global X SuperIncome™ Preferred ETF is 0.48%. Prior to that, the Fund was subject to a Supervision and Administration Fee of 0.58%.

⁽³⁾ Pursuant to an Expense Limitation Agreement, the Adviser has contractually agreed to reimburse or waive fees and/or limit expenses for the Global X Russell 2000 Covered Call ETF to the extent necessary to assure that the operating expenses of the Global X Russell 2000 Covered Call ETF (exclusive of taxes, brokerage fees, commissions, and other transaction expenses, interest, and extraordinary expenses (such as litigation and indemnification expenses)) will not exceed 0.60% of the average daily net assets of the Global X Russell 2000 Covered Call ETF per year until at least March 1, 2024.

⁽⁴⁾ Pursuant to an Expense Limitation Agreement, the Adviser has contractually agreed to reimburse or waive fees and/or limit expenses for the Global X Russell 2000 Covered Call & Growth ETF to the extent necessary to assure that the operating expenses of the Global X Russell 2000 Covered Call & Growth ETF (exclusive of taxes, brokerage fees, commissions, and other transaction expenses, interest, and extraordinary expenses (such as litigation and indemnification expenses)) will not exceed

375

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)

0.60% of the average daily net assets of the Global X Russell 2000 Covered Call & Growth ETF per year until at least March 1, 2024.

⁽⁵⁾ Pursuant to an Expense Limitation Agreement, the Adviser has contractually agreed to reimburse or waive fees and/or limit expenses for the Global X Financials Covered Call & Growth ETF to the extent necessary to assure that the operating expenses of the Global X Financials Covered Call & Growth ETF (exclusive of taxes, brokerage fees, commissions, and other transaction expenses, interest and extraordinary expenses (such as litigation and indemnification expenses)) will not exceed 0.60% of the average daily net assets of the Global X Financials Covered Call & Growth ETF per year until at least March 1, 2024.

⁽⁶⁾ Pursuant to an Expense Limitation Agreement, the Adviser has contractually agreed to reimburse or waive fees and/or limit expenses for the Global X Health Care Covered Call & Growth ETF to the extent necessary to assure that the operating expenses of the Global X Health Care Covered Call & Growth ETF (exclusive of taxes, brokerage fees, commissions, and other transaction expenses, interest and extraordinary expenses (such as litigation and indemnification expenses)) will not exceed 0.60% of the average daily net assets of the Global X Health Care Covered Call & Growth ETF per year until at least March 1, 2024.

⁽⁷⁾ Pursuant to an Expense Limitation Agreement, the Adviser has contractually agreed to reimburse or waive fees and/or limit expenses for the Global X Information Technology Covered Call & Growth ETF to the extent necessary to assure that the operating expenses of the Global X Information Technology Covered Call & Growth ETF (exclusive of taxes, brokerage fees, commissions, and other transaction expenses, interest and extraordinary expenses (such as litigation and indemnification expenses)) will not exceed 0.60% of the average daily net assets of the Global X Information Technology Covered Call & Growth ETF per year until at least March 1, 2024.

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 the Funds’ underwriter and distributor of Creation Units pursuant to a distribution agreement (the "Distribution Agreement"). SIDCO has no obligation to sell any specific quantity of Shares.

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

376

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued) laws;

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.

BBH serves as Custodian ("Custodian") and transfer agent of the Funds’ assets, with the exception of the Global X Russell 2000 Covered Call & Growth ETF, Global X Financials Covered Call & Growth ETF, Global X Health Care Covered Call & Growth ETF, Global X Information Technology Covered Call & Growth ETF, Global X Nasdaq 100^® ESG Covered Call ETF and Global X S&P 500^® ESG Covered Call ETF. As Custodian, BBH has agreed, for the Funds which it serves as Custodian, 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 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. 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.

BNY Mellon serves as Custodian and transfer agent to the Global X Russell 2000 Covered Call & Growth ETF, Global X Financials Covered Call & Growth ETF, Global X Health Care Covered Call & Growth ETF, Global X Information Technology Covered Call & Growth ETF, Global X Nasdaq 100^® ESG Covered Call ETF and Global X S&P 500^® ESG Covered Call ETF. BNY Mellon may appoint domestic and foreign sub-custodians and use depositories from time to time to hold securities and other instruments purchased by the Trust in foreign countries and to hold cash and currencies for the Trust. Under its transfer agency agreement with the Trust, BNY Mellon has undertaken with the Trust to provide the following services with respect to the Global X Russell 2000 Covered Call & Growth ETF, Global X Financials Covered Call & Growth ETF, Global X Health Care Covered Call & Growth ETF, Global X Information Technology Covered Call & Growth ETF, Global X Nasdaq 100^® ESG Covered Call ETF and Global X S&P 500^® ESG Covered Call ETF: (i) perform and facilitate the performance of purchases and redemptions of Creation Units, (ii) prepare and transmit by means of Depository Trust Company’s book-entry system payments for dividends and distributions on or with respect to the Shares declared by the Trust on behalf of the Fund, as applicable, (iii) prepare and deliver reports, information and documents as specified in the transfer agency agreement, (iv) perform the customary

377

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)

services of a transfer agent and dividend disbursing agent, and (v) render certain other miscellaneous services as specified in the transfer agency agreement or as otherwise agreed upon.

4. INVESTMENT TRANSACTIONS

For the period ended April 30, 2023, the purchases and sales of investments in securities, excluding in-kind transactions, long-term U.S. Government and short-term securities were:

	Purchases		Sales and Maturities
Global X Lithium & Battery Tech ETF	$	180,301,397	$	359,643,367
Global X SuperDividend® ETF		386,331,076		357,235,170
Global X Social Media ETF		23,145,624		20,733,813
Global X Guru® Index ETF		25,899,911		25,949,120
Global X SuperIncome™ Preferred ETF		155,603,399		154,376,804
Global X SuperDividend® U.S. ETF		239,668,972		252,085,859
Global X S&P 500® Covered Call ETF		108,122,770		324,069,207
Global X NASDAQ 100® Covered Call ETF		1,228,211,147		1,922,276,846
Global X MSCI SuperDividend® Emerging Markets ETF		12,235,348		12,404,386
Global X SuperDividend® REIT ETF		226,111,193		229,468,388
Global X Renewable Energy Producers ETF		4,510,338		7,211,295
Global X S&P 500® Catholic Values ETF		6,686,479		8,000,364
Global X MSCI SuperDividend® EAFE ETF		1,021,667		858,727
Global X E-commerce ETF		5,605,424		5,641,055
Global X Russell 2000 Covered Call ETF		111,360,988		285,126,466
Global X S&P Catholic Values Developed ex-U.S. ETF		1,044,748		775,708
Global X Nasdaq 100® Covered Call & Growth ETF		7,893,548		11,334,456
Global X S&P 500® Covered Call & Growth ETF		1,283,051		3,451,824
Global X Emerging Markets Internet & E-commerce ETF		310,620		307,028
Global X NASDAQ 100® Tail Risk ETF		95,713		150,543
Global X NASDAQ 100® Risk Managed Income ETF		720,972		2,320,274
Global X NASDAQ 100® Collar 95-110 ETF		186,992		324,452
Global X S&P 500® Tail Risk ETF		26,259		115,701
Global X S&P 500® Risk Managed Income ETF		638,143		4,415,746
Global X S&P 500® Collar 95-110 ETF		24,616		165,840
Global X Disruptive Materials ETF		1,256,812		642,007
Global X Dow 30® Covered Call ETF		3,132,357		9,990,679
Global X Russell 2000 Covered Call & Growth ETF		91,245		317,229
Global X Financials Covered Call & Growth ETF		304,212		306,044
Global X Health Care Covered Call & Growth ETF		115,001		125,029
Global X Information Technology Covered Call & Growth ETF		334,358		371,243
Global X Nasdaq 100® ESG Covered Call ETF		92,400		104,711
Global X S&P 500® ESG Covered Call ETF		306,624		355,860

During the period ended April 30, 2023, there were no purchases or sales of long-term U.S. Government securities for the Funds.

378

 

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

4. INVESTMENT TRANSACTIONS (continued)

For the period ended April 30, 2023, in-kind transactions associated with creations and redemptions were:

2023	Purchases		Sales		Realized Gain/(Loss)
Global X Lithium & Battery Tech ETF	$	6,049,996	$	225,065,940	$	27,126,536
Global X SuperDividend® ETF		41,896,480		7,322,161		1,411,988
Global X Social Media ETF		9,031,136		15,501,158		2,762,317
Global X Guru® Index ETF		–		2,394,988		144,679
Global X SuperIncome™ Preferred ETF		25,968,914		16,619,535		304,992
Global X SuperDividend® U.S. ETF		88,486,188		72,717,328		12,321,652
Global X S&P 500® Covered Call ETF		799,801,838		107,018,190		28,318,542
Global X NASDAQ 100® Covered Call ETF		680,008,357		245,133,255		104,554,309
Global X MSCI SuperDividend® Emerging Markets ETF		157,207		756,231		80,875
Global X SuperDividend® REIT ETF		3,396,772		20,850,761		(2,100,691	)
Global X Renewable Energy Producers ETF		1,968,283		16,528,363		(2,312,715	)
Global X S&P 500® Catholic Values ETF		61,221,525		22,029,103		8,644,409
Global X MSCI SuperDividend® EAFE ETF		2,609,937		831,587		102,725
Global X E-commerce ETF		8,079,502		12,058,597		(1,858,188	)
Global X Russell 2000 Covered Call ETF		256,636,067		67,527,053		3,573,128
Global X S&P Catholic Values Developed ex-U.S. ETF		8,090,518		–		–
Global X Nasdaq 100® Covered Call & Growth ETF		8,747,543		–		–
Global X S&P 500® Covered Call & Growth ETF		17,385,639		3,345,950		389,651
Global X Emerging Markets Internet & E-commerce ETF		–		–		–
Global X NASDAQ 100® Tail Risk ETF		–		353,629		(76,422	)
Global X NASDAQ 100® Risk Managed Income ETF		732,485		2,213,139		94,577
Global X NASDAQ 100® Collar 95-110 ETF		–		449,776		(14,686	)
Global X S&P 500® Tail Risk ETF		–		–		–
Global X S&P 500® Risk Managed Income ETF		4,224,027		2,103,179		167,035
Global X S&P 500® Collar 95-110 ETF		–		–		–
Global X Disruptive Materials ETF		1,770,206		319,287		52,663
Global X Dow 30® Covered Call ETF		24,215,875		3,003,757		443,071
Global X Russell 2000 Covered Call & Growth ETF		536,817		261,953		19,358
Global X Financials Covered Call & Growth ETF		2,502,976		–		–
Global X Health Care Covered Call & Growth ETF		3,280,041		508,729		12,146
Global X Information Technology Covered Call & Growth
ETF		2,482,680		–		–
Global X Nasdaq 100® ESG Covered Call ETF		2,445,315		–		–
Global X S&P 500® ESG Covered Call ETF		2,464,908		–		–

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

379

 

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

4. INVESTMENT TRANSACTIONS (continued)

the absence of a sale, the current bid price. If an option purchased by a Fund expires unexercised, the Fund realizes a loss equal to the premium paid. If a Fund enters into a closing sale transaction on an option purchased by it, the Fund will realize a gain if the premium received by the Fund on the closing transaction is more than the premium paid to purchase the option, or a loss if it is less. If an option written by a Fund expires on the stipulated expiration date or if a Fund enters into a closing purchase transaction, it will realize a gain (or loss if the cost of a closing purchase transaction exceeds the net premium received when the option is sold) and the deferred credit related to such option will be eliminated. If an option written by a Fund is exercised, the proceeds of the sale will be increased by the net premium originally received and the Fund will realize a gain or loss.

Risks may arise from an imperfect correlation between the change in market value of the securities held and the prices of options relating to the securities purchased or sold and from possible lack of a liquid secondary market for an option. The maximum exposure to loss for any purchased option is limited to the premium initially paid for the option. Written uncovered call options subject a Fund to unlimited risk of loss. Written covered call options limit the upside potential of a security above the strike price. Written put options expose a Fund to risk of loss if the value of the security declines below the strike price.

The Global X S&P 500^® Covered Call ETF , Global X NASDAQ 100^® Covered Call ETF, Global X Russell 2000 Covered Call ETF, Global X Nasdaq 100^® Covered Call & Growth ETF, Global X S&P 500^® Covered Call & Growth ETF, Global X NASDAQ 100^® 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, Global X S&P 500^® Collar 95-110 ETF, Global X Dow 30^® Covered Call ETF, Global X Russell 2000 Covered Call & Growth ETF, Global X Financials Covered Call & Growth ETF, Global X Health Care Covered Call & Growth ETF, Global X Information Technology Covered Call & Growth ETF, Global X Nasdaq 100^® ESG Covered Call ETF, and Global X S&P 500^® ESG Covered Call ETF may write covered call and/or put options that correspond to their respective reference index. By writing a covered call option, a Fund, in exchange for the premium, foregoes the opportunity for capital appreciation above the strike price should the market price of the underlying security increase. Conversely, by writing a put option, the Fund, in exchange for the premium, accepts the risk of having to purchase a security at a fixed strike price even should the price of the underlying security decrease, exposing the Fund to downside risk in the underlying security.

When the written option expires, is terminated or is sold, a Fund will record a gain or loss. The net realized gain or loss on options contracts is reflected in the Statements of Operations and the net unrealized gains/(losses) are included as a component of the net change in unrealized appreciation/(depreciation) on options contracts in the Statements of Operations.

380

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

5. DERIVATIVE TRANSACTIONS

The following tables show the derivatives categorized by underlying risk exposure.

The fair value of derivative instruments as of April 30, 2023 was as follows:

	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location	Fair Value			and Liability Location	Fair Value
Derivatives not accounted for as hedging instruments:
Global X S&P 500® Covered Call ETF
Equity	Investments purchased,			Equity	Options written, at
contracts	at value	$	–	contracts	value	$	58,675,100
Total Derivatives not accounted for as
hedging instruments		$	–			$	58,675,100
	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location	Fair Value			and Liability Location	Fair Value
Derivatives not accounted for as hedging instruments:
Global X NASDAQ 100® Covered Call ETF
Equity	Investments purchased,			Equity	Options written, at
contracts	at value	$	–	contracts	value	$	241,541,820
Total Derivatives not accounted for as
hedging instruments		$	–			$	241,541,820
	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location	Fair Value			and Liability Location	Fair Value
Derivatives not accounted for as hedging instruments:
Global X Russell 2000 Covered Call ETF
Equity	Investments purchased,			Equity	Options written, at
contracts	at value	$	–	contracts	value	$	20,933,865
Total Derivatives not accounted for as
hedging instruments		$	–			$	20,933,865
	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location	Fair Value			and Liability Location	Fair Value
Derivatives not accounted for as hedging instruments:
Global X Nasdaq 100® Covered Call & Growth ETF
Equity	Investments purchased,			Equity	Options written, at
contracts	at value	$	–	contracts	value	$	1,255,290
Total Derivatives not accounted for as
hedging instruments		$	–			$	1,255,290

381

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

5. DERIVATIVE TRANSACTIONS (continued)

	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location	Fair Value			and Liability Location	Fair Value
Derivatives not accounted for as hedging instruments:
Global X S&P 500® Covered Call & Growth ETF
Equity	Investments purchased,			Equity	Options written, at
contracts	at value	$	–	contracts	value	$	629,695
Total Derivatives not accounted for as
hedging instruments		$	–			$	629,695
	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location	Fair Value			and Liability Location	Fair Value
Derivatives not accounted for as hedging instruments:
Global X NASDAQ 100® Tail Risk ETF
Equity	Investments purchased,			Equity	Options written, at
contracts	at value	$	4,410	contracts	value	$	–
Total Derivatives not accounted for as
hedging instruments		$	4,410			$	–
	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location	Fair Value			and Liability Location	Fair Value
Derivatives not accounted for as hedging instruments:
Global X NASDAQ 100® Risk Managed Income ETF
Equity	Investments purchased,			Equity	Options written, at
contracts	at value	$	23,090	contracts	value	$	310,360
Total Derivatives not accounted for as
hedging instruments		$	23,090			$	310,360
	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location	Fair Value			and Liability Location	Fair Value
Derivatives not accounted for as hedging instruments:
Global X NASDAQ 100® Collar 95-110 ETF
Equity	Investments purchased,			Equity	Options written, at
contracts	at value	$	14,960	contracts	value	$	32,495
Total Derivatives not accounted for as
hedging instruments		$	14,960			$	32,495

382

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

5. DERIVATIVE TRANSACTIONS (continued)

	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location	Fair Value			and Liability Location	Fair Value
Derivatives not accounted for as hedging instruments:
Global X S&P 500® Tail Risk ETF
Equity	Investments purchased,			Equity	Options written, at
contracts	at value	$	4,888	contracts	value	$	–
Total Derivatives not accounted for as
hedging instruments		$	4,888			$	–
	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location	Fair Value			and Liability Location	Fair Value
Derivatives not accounted for as hedging instruments:
Global X S&P 500® Risk Managed Income ETF
Equity	Investments purchased,			Equity	Options written, at
contracts	at value	$	45,464	contracts	value	$	569,278
Total Derivatives not accounted for as
hedging instruments		$	45,464			$	569,278
	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location	Fair Value			and Liability Location	Fair Value
Derivatives not accounted for as hedging instruments:
Global X S&P 500® Collar 95-110 ETF
Equity	Investments purchased,			Equity	Options written, at
contracts	at value	$	12,414	contracts	value	$	23,880
Total Derivatives not accounted for as
hedging instruments		$	12,414			$	23,880
	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location	Fair Value			and Liability Location	Fair Value
Derivatives not accounted for as hedging instruments:
Global X Dow 30® Covered Call ETF
Equity	Investments purchased,			Equity	Options written, at
contracts	at value	$	–	contracts	value	$	1,005,938
Total Derivatives not accounted for as
hedging instruments		$	–			$	1,005,938

383

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

5. DERIVATIVE TRANSACTIONS (continued)

Asset Derivatives					Liability Derivatives
Statements of Assets					Statements of Assets
and Liability Location		Fair Value			and Liability Location	Fair Value
Derivatives not accounted for as hedging instruments:
Global X Russell 2000 Covered Call & Growth ETF
Equity	Investments purchased,			Equity	Options written, at
contracts	at value	$	–	contracts	value	$	19,743
Total Derivatives not accounted for as
hedging instruments		$	–			$	19,743
Asset Derivatives					Liability Derivatives
Statements of Assets					Statements of Assets
and Liability Location		Fair Value			and Liability Location	Fair Value
Derivatives not accounted for as hedging instruments:
Global X Financials Covered Call & Growth ETF
Equity	Investments purchased,			Equity	Options written, at
contracts	at value	$	–	contracts	value	$	25,944
Total Derivatives not accounted for as
hedging instruments		$	–			$	25,944
Asset Derivatives					Liability Derivatives
Statements of Assets					Statements of Assets
and Liability Location		Fair Value			and Liability Location	Fair Value
Derivatives not accounted for as hedging instruments:
Global X Health Care Covered Call & Growth ETF
Equity	Investments purchased,			Equity	Options written, at
contracts	at value	$	–	contracts	value	$	14,664
Total Derivatives not accounted for as
hedging instruments		$	–			$	14,664
Asset Derivatives					Liability Derivatives
Statements of Assets					Statements of Assets
and Liability Location		Fair Value			and Liability Location	Fair Value
Derivatives not accounted for as hedging instruments:
Global X Information Technology Covered Call & Growth ETF
Equity	Investments purchased,			Equity	Options written, at
contracts	at value	$	–	contracts	value	$	38,342
Total Derivatives not accounted for as
hedging instruments		$	–			$	38,342

384

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

5. DERIVATIVE TRANSACTIONS (continued)

	Asset Derivatives					Liability Derivatives
	Statements of Assets					Statements of Assets
	and Liability Location	Fair Value				and Liability Location	Fair Value
Derivatives not accounted for as hedging instruments:
Global X Nasdaq 100® ESG Covered Call ETF
Equity	Investments purchased,				Equity	Options written, at
contracts	at value		$	–	contracts	value	$	85,020
Total Derivatives not accounted for as
hedging instruments			$	–			$	85,020
	Asset Derivatives					Liability Derivatives
	Statements of Assets					Statements of Assets
	and Liability Location	Fair Value				and Liability Location	Fair Value
Derivatives not accounted for as hedging instruments:
Global X S&P 500® ESG Covered Call ETF
Equity	Investments purchased,				Equity	Options written, at
contracts	at value		$	–	contracts	value	$	46,575
Total Derivatives not accounted for as
hedging instruments			$	–			$	46,575

The effect of derivative instruments on the Statements of Operations for the period ended April 30, 2023:

Amount of realized gain or (loss) on derivatives recognized in income:

	Purchased			Written
	Options			Options
Global X S&P 500® Covered Call ETF
Equity contracts	$	—		$	(68,801,394	)
Global X NASDAQ 100® Covered Call ETF
Equity contracts	$	—		$	(181,670,286	)
Global X Russell 2000 Covered Call ETF
Equity contracts	$	—		$	(69,475,317	)
Global X Nasdaq 100® Covered Call & Growth ETF
Equity contracts	$	—		$	(908,276	)
Global X S&P 500® Covered Call & Growth ETF
Equity contracts	$	—		$	(715,238	)
Global X NASDAQ 100® Tail Risk ETF
Equity contracts	$	(65,201	)	$	—

385

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

5. DERIVATIVE TRANSACTIONS (continued)

	Purchased			Written
	Options			Options
Global X NASDAQ 100® Risk Managed Income ETF
Equity contracts	$	(741,080	)	$	(235,167	)
Global X NASDAQ 100® Collar 95-110 ETF
Equity contracts	$	(216,026	)	$	54,487
Global X S&P 500® Tail Risk ETF
Equity contracts	$	(97,835	)	$	—
Global X S&P 500® Risk Managed Income ETF
Equity contracts	$	(1,292,169	)	$	(855,225	)
Global X S&P 500® Collar 95-110 ETF
Equity contracts	$	74,377		$	(213,914	)
Global X Dow 30® Covered Call ETF
Equity contracts	$	(2,784,744	)	$	—
Global X Russell 2000 Covered Call & Growth ETF
Equity contracts	$	(117,690	)	$	59,414
Global X Financials Covered Call & Growth ETF
Equity contracts	$	(55,664	)	$	76,679
Global X Health Care Covered Call & Growth ETF
Equity contracts	$	(10,052	)	$	44,685
Global X Information Technology Covered Call & Growth ETF
Equity contracts	$	(57,946	)	$	55,832
Global X Nasdaq 100® ESG Covered Call ETF
Equity contracts	$	(21,864	)	$	—
Global X S&P 500® ESG Covered Call ETF
Equity contracts	$	—		$	(46,748	)

Change in unrealized appreciation or (depreciation) on derivatives recognized in income:

	Purchased		Written
	Options		Options
Global X S&P 500® Covered Call ETF
Equity contracts	$	—	$	36,624,481
Global X NASDAQ 100® Covered Call ETF
Equity contracts	$	—	$	(31,917,867	)

386

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

5. DERIVATIVE TRANSACTIONS (continued)

	Purchased			Written
	Options			Options
Global X Russell 2000 Covered Call ETF
Equity contracts	$	—		$	77,520,761
Global X Nasdaq 100® Covered Call & Growth ETF
Equity contracts	$	—		$	(172,271	)
Global X S&P 500® Covered Call & Growth ETF
Equity contracts	$	—		$	384,739
Global X NASDAQ 100® Tail Risk ETF
Equity contracts	$	(6,636	)	$	—
Global X NASDAQ 100® Risk Managed Income ETF
Equity contracts	$	73,728		$	(20,242	)
Global X NASDAQ 100® Collar 95-110 ETF
Equity contracts	$	(33,483	)	$	(50,228	)
Global X S&P 500® Tail Risk ETF
Equity contracts	$	(4,594	)	$	—
Global X S&P 500® Risk Managed Income ETF
Equity contracts	$	161,842		$	498,615
Global X S&P 500® Collar 95-110 ETF
Equity contracts	$	(22,220	)	$	(23,786	)
Global X Dow 30® Covered Call ETF
Equity contracts	$	—		$	2,076,154
Global X Russell 2000 Covered Call & Growth ETF
Equity contracts	$	—		$	71,965
Global X Financials Covered Call & Growth ETF
Equity contracts	$	—		$	8,187
Global X Health Care Covered Call & Growth ETF
Equity contracts	$	—		$	3,897
Global X Information Technology Covered Call & Growth ETF
Equity contracts	$	—		$	(3,753	)
Global X Nasdaq 100® ESG Covered Call ETF
Equity contracts	$	(22,696	)	$	—
Global X S&P 500® ESG Covered Call ETF
Equity contracts	$	—		$	(10,454	)

387

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

5. DERIVATIVE TRANSACTIONS (continued)

The following table discloses the average monthly balances of the Funds' options activity during the period ended April 30, 2023:

	Short Avg			Long Avg
Global X S&P 500® Covered Call ETF	$	(54,864,965	)	$	-
Global X NASDAQ 100® Covered Call ETF		(200,869,232	)		-
Global X Russell 2000 Covered Call ETF		(39,312,514	)		-
Global X Nasdaq 100® Covered Call & Growth ETF		(992,852	)		-
Global X S&P 500® Covered Call & Growth ETF		(581,595	)		-
Global X NASDAQ 100® Tail Risk ETF		-			31,481
Global X NASDAQ 100® Risk Managed Income ETF		(271,057	)		104,697
Global X NASDAQ 100® Collar 95-110 ETF		(46,404	)		93,049
Global X S&P 500® Tail Risk ETF		-			45,145
Global X S&P 500® Risk Managed Income ETF		(584,300	)		187,732
Global X S&P 500® Collar 95-110 ETF		(30,385	)		98,512
Global X Dow 30® Covered Call ETF		(1,023,141	)		-
Global X Russell 2000 Covered Call & Growth ETF		(37,415	)		-
Global X Financials Covered Call & Growth ETF		(31,524	)		-
Global X Health Care Covered Call & Growth ETF		(25,973	)		-
Global X Information Technology Covered Call & Growth ETF		(38,730	)		-
Global X Nasdaq 100® ESG Covered Call ETF		(63,201	)		-
Global X S&P 500® ESG Covered Call ETF		(42,303	)		-

6. TAX INFORMATION

The Global X SuperDividend^® REIT ETF has a tax year that ends on December 31. The following tax disclosures are representative as of October 31, 2022. 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, 2022.

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

388

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

6. TAX INFORMATION (continued)

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, 2022.

The tax character of dividends and distributions declared during the periods ended October 31, 2022 and October 31, 2021 were as follows:

Global X Funds	Long-Term Ordinary Income		Capital Gain		Return of Capital		Totals
Global X Lithium & Battery Tech ETF
2022	$	13,550,903	$	–	$	–	$	13,550,903
2021		4,617,167		–		–		4,617,167
Global X SuperDividend® ETF
2022	$	68,726,670	$	–	$	25,091,152	$	93,817,822
2021		65,648,210		–		–		65,648,210
Global X Social Media ETF
2022	$	–	$	–	$	663,636	$	663,636
2021		–		–		–		–
Global X Guru® Index ETF
2022	$	14,584	$	–	$	63,227	$	77,811
2021		1,352,859		–		–		1,352,859
Global X SuperIncome™ Preferred ETF
2022	$	12,532,497	$	–	$	653,473	$	13,185,970
2021		12,037,890		–		–		12,037,890
Global X SuperDividend® U.S. ETF
2022	$	27,892,254	$	–	$	13,969,909	$	41,862,163
2021		31,364,614		–		3,660,741		35,025,355
Global X S&P 500® Covered Call ETF
2022	$	35,714,783	$	–	$	133,893,882	$	169,608,665
2021		26,627,258		–		–		26,627,258
Global X NASDAQ 100® Covered Call ETF
2022	$	211,906,795	$	–	$	642,111,562	$	854,018,357
2021		320,053,733		–		–		320,053,733
Global X MSCI SuperDividend® Emerging Markets ETF
2022	$	5,018,224	$	–	$	1,057,591	$	6,075,815
2021		2,831,439		–		–		2,831,439
Global X SuperDividend® REIT ETF
2022	$	19,134,864	$	–	$	9,960,386	$	29,095,250
2021		21,690,155		–		9,729,725		31,419,880
Global X Renewable Energy Producers ETF
2022	$	1,233,925	$	–	$	–	$	1,233,925
2021		1,677,449		177,538		–		1,854,987

 

389

 

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

6. TAX INFORMATION (continued)

Global X Funds	Long-Term Ordinary Income		Capital Gain		Return of Capital		Totals
Global X S&P 500® Catholic Values ETF
2022	$	6,232,670	$	930,733	$	–	$	7,163,403
2021		5,511,704		–		–		5,511,704
Global X MSCI SuperDividend® EAFE ETF
2022	$	742,260	$	–	$	–	$	742,260
2021		542,165		–		–		542,165
Global X E-commerce ETF
2022	$	283,940	$	613,980	$	66,565	$	964,485
2021		1,105,636		–		–		1,105,636
Global X Russell 2000 Covered Call ETF
2022	$	32,998,311	$	–	$	105,055,357	$	138,053,668
2021		21,788,088		–		–		21,788,088
Global X S&P Catholic Values Developed ex-U.S. ETF
2022	$	188,641	$	15,110	$	–	$	203,751
2021		59,322		–		–		59,322
Global X Nasdaq 100® Covered Call & Growth ETF
2022	$	3,262,405	$	–	$	2,741,520	$	6,003,925
2021		919,727		–		–		919,727
Global X S&P 500® Covered Call & Growth ETF
2022	$	1,862,038	$	3,646	$	1,465,030	$	3,330,714
2021		376,497		–		–		376,497
Global X Emerging Markets Internet & E-commerce ETF
2022	$	–	$	–	$	9,979	$	9,979
2021		–		–		–		–
Global X NASDAQ 100® Tail Risk ETF
2022	$	66,715	$	–	$	–	$	66,715
2021		–		–		–		–
Global X NASDAQ 100® Risk Managed Income ETF
2022	$	128,024	$	–	$	869,114	$	997,138
2021		–		–		52,273		52,273
Global X NASDAQ 100® Collar 95-110 ETF
2022	$	55,614	$	2,343	$	–	$	57,957
2021		–		–		–		–
Global X S&P 500® Tail Risk ETF
2022	$	91,737	$	4,597	$	–	$	96,334
2021		–		–		–		–
Global X S&P 500® Risk Managed Income ETF
2022	$	472,058	$	–	$	1,738,194	$	2,210,252
2021		51,640		–		–		51,640
Global X S&P 500® Collar 95-110 ETF
2022	$	70,495	$	413	$	–	$	70,908
2021		–		–		–		–
Global X Disruptive Materials ETF
2022	$	47,516	$	–	$	–	$	47,516

390

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

6. TAX INFORMATION (continued)

Global X Funds	Long-Term Ordinary Income			Capital Gain		Return of Capital			Totals
Global X Dow 30® Covered Call ETF
2022		$	734,788 $	$	–		$	1,115,840	$	1,850,628
Global X Russell 2000 Covered Call & Growth ETF
2022		$	12,860 $	$	–		$	–	$	12,860

As of October 31, 2022, the components of tax basis accumulated losses were as follows:

				Global X Funds
	Global X
	Lithium &			Global X
	Battery Tech			SuperDividend®			Global X Social
	ETF			ETF			Media ETF
Undistributed Ordinary Income	$	26,883,131		$	–		$	–
Capital Loss Carryforwards		(335,683,668	)		(699,715,191	)		(77,229,843	)
Unrealized Appreciation (Depreciation) on
Investments and Foreign Currency		221,549,847			(246,083,387	)		(149,327,060	)
Other Temporary Differences		(8	)		(18	)		1
Total Accumulated Losses	$	(87,250,698	)	$	(945,798,596	)	$	(226,556,902	)

				Global X Funds
				Global X			Global X
	Global X Guru®			SuperIncome™			SuperDividend®
	Index ETF			Preferred ETF			U.S. ETF
Capital Loss Carryforwards	$	(17,381,906	)	$	(68,984,053	)	$	(134,969,709	)
Unrealized Appreciation (Depreciation) on
Investments and Foreign Currency		(6,777,757	)		(27,694,893	)		7,344,913
Other Temporary Differences		(7	)		4			7
Total Accumulated Losses	$	(24,159,670	)	$	(96,678,942	)	$	(127,624,789	)

				Global X Funds
				Global X			Global X MSCI
	Global X S&P			NASDAQ 100®			SuperDividend®
	500® Covered			Covered Call			Emerging
	Call ETF			ETF			Markets ETF
Capital Loss Carryforwards	$	(242,032,972	)	$	(1,640,040,541	)	$	(22,388,003	)
Unrealized Depreciation on Investments and
Foreign Currency		–			(1	)		(15,104,428	)
Other Temporary Differences		(19,380,486	)		(64,418,861	)		–
Total Accumulated Losses	$	(261,413,458	)	$	(1,704,459,403	)	$	(37,492,431	)

391

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

6. TAX INFORMATION (continued)

				Global X Funds
				Global X
	Global X			Renewable			Global X S&P
	SuperDividend®			Energy			500® Catholic
	REIT ETF			Producers ETF			Values ETF
Undistributed Ordinary Income	$	–		$	190,789		$	2,815,266
Capital Loss Carryforwards		(225,141,660	)		(6,143,058	)		(2,533,395	)
Unrealized Appreciation (Depreciation) on
Investments and Foreign Currency		21,078,674			(31,066,005	)		34,574,417
Other Temporary Differences		(2,248,500	)		5			4
Total Distributable Earnings (Accumulated
Losses)	$	(206,311,486	)	$	(37,018,269	)	$	34,856,292

				Global X Funds
	Global X MSCI			Global X			Global X Russell
	SuperDividend®			E-commerce			2000 Covered
	EAFE ETF			ETF			Call ETF
Undistributed Ordinary Income	$	95,160		$	–		$	–
Capital Loss Carryforwards		(1,384,198	)		(12,071,474	)		(165,351,194	)
Unrealized Depreciation on Investments and
Foreign Currency		(2,477,036	)		(63,385,153	)		(307	)
Late Year Loss Deferral		–			(62,414	)		–
Other Temporary Differences		(4	)		2			(13,251,278	)
Total Accumulated Losses	$	(3,766,078	)	$	(75,519,039	)	$	(178,602,779	)

				Global X Funds
	Global X S&P			Global X			Global X S&P
	Catholic Values			Nasdaq 100®			500® Covered
	Developed ex-			Covered Call &			Call & Growth
	U.S. ETF			Growth ETF			ETF
Undistributed Ordinary Income	$	37,069		$	–		$	–
Capital Loss Carryforwards		(46,396	)		(19,799,268	)		(7,204,713	)
Unrealized Appreciation (Depreciation) on
Investments and Foreign Currency		(1,070,631	)		1			–
Other Temporary Differences		1			(292,457	)		(199,676	)
Total Accumulated Losses	$	(1,079,957	)	$	(20,091,724	)	$	(7,404,389	)

392

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

6. TAX INFORMATION (continued)

				Global X Funds
	Global X
	Emerging
	Markets						Global X
	Internet &			Global X			NASDAQ 100®
	E-commerce			NASDAQ 100®			Risk Managed
	ETF			Tail Risk ETF			Income ETF
Undistributed Ordinary Income	$	–		$	1,938		$	–
Capital Loss Carryforwards		(1,599,773	)		(746,234	)		(2,295,488	)
Unrealized Depreciation on Investments and
Foreign Currency		(2,395,942	)		–			–
Other Temporary Differences		1			1			(108,443	)
Total Accumulated Losses	$	(3,995,714	)	$	(744,295	)	$	(2,403,931	)

				Global X Funds
	Global X						Global X S&P
	NASDAQ 100®			Global X S&P			500® Risk
	Collar 95-110			500® Tail Risk			Managed
	ETF			ETF			Income ETF
Undistributed Ordinary Income	$	3,127		$	11,918		$	–
Capital Loss Carryforwards		(534,957	)		(520,630	)		(3,696,968	)
Unrealized Appreciation (Depreciation) on
Investments and Foreign Currency		(1	)		–			1
Other Temporary Differences		4		$	–		$	(247,338	)
Total Accumulated Losses	$	(531,827	)		(508,712	)		(3,944,305	)

				Global X Funds
	Global X S&P			Global X			Global X Dow
	500® Collar 95-			Disruptive			30® Covered
	110 ETF			Materials ETF			Call ETF
Undistributed Ordinary Income	$	14,640		$	32,402		$	–
Capital Loss Carryforwards		(398,833	)		(200,454	)		(968,750	)
Unrealized Appreciation (Depreciation) on
Investments and Foreign Currency		(1	)		(1,290,732	)		1
Other Temporary Differences		2			(92	)		(496,111	)
Total Accumulated Losses	$	(384,192	)	$	(1,458,876	)	$	(1,464,860	)

	Global X Funds
	Global X Russell
	2000 Covered
	Call & Growth
	ETF
Undistributed Ordinary Income	$	78,834
Undistributed Long-Term Capital Gain		2,217
Unrealized Depreciation on Investments and Foreign Currency		(1	)
Other Temporary Differences		(12,859	)
Total Distributable Earnings	$	68,191

⁽¹⁾ The Global X SuperDividend^® REIT ETF has a tax year that ends on December 31.

393

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

6. TAX INFORMATION (continued)

For taxable years beginning after December 22, 2010, a Registered Investment Company within the meaning of the 1940Act 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 Lithium & Battery Tech ETF	$	226,806,120	$	108,877,548	$	335,683,668
Global X SuperDividend® ETF		286,175,435		413,539,756		699,715,191
Global X Social Media ETF		16,502,288		60,727,555		77,229,843
Global X Guru® Index ETF		16,182,473		1,199,433		17,381,906
Global X SuperIncome™ Preferred ETF		18,580,766		50,403,287		68,984,053
Global X SuperDividend® U.S. ETF		123,337,380		11,632,329		134,969,709
Global X S&P 500® Covered Call ETF		96,805,692		145,227,280		242,032,972
Global X NASDAQ 100® Covered Call ETF		656,016,216		984,024,325		1,640,040,541
Global X MSCI SuperDividend® Emerging Markets ETF		17,992,277		4,395,726		22,388,003
Global X SuperDividend® REIT ETF		156,084,925		69,056,735		225,141,660
Global X Renewable Energy Producers ETF		2,371,921		3,771,137		6,143,058
Global X S&P 500® Catholic Values ETF		2,533,395		–		2,533,395
Global X MSCI SuperDividend® EAFE ETF		126,722		1,257,475		1,384,197
Global X E-commerce ETF		3,035,267		9,036,207		12,071,474
Global X Russell 2000 Covered Call ETF		66,140,478		99,210,716		165,351,194
Global X S&P Catholic Values Developed ex-U.S. ETF		46,396		–		46,396
Global X Nasdaq 100AE Covered Call & Growth ETF		7,919,707		11,879,561		19,799,268
Global X S&P 500AE Covered Call & Growth ETF		2,881,662		4,323,051		7,204,713
Global X Emerging Markets Internet & E-commerce ETF		431,967		1,167,806		1,599,773
Global X NASDAQ 100® Tail Risk ETF		298,494		447,741		746,235
Global X S&P 500® Tail Risk ETF		208,231		312,399		520,630
Global X S&P 500® Risk Managed Income ETF		1,478,770		2,218,198		3,696,968
Global X S&P 500® Collar 95-110 ETF		159,512		239,321		398,833
Global X Disruptive Materials ETF		200,454		–		200,454
Global X Dow 30® Covered Call ETF		387,500		581,250		968,750

394

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

6. TAX INFORMATION (continued)

During the year ended October 31, 2022, the following Funds utilized capital loss carryforwards to offset capital gains amounting to:

	Short-Term		Long-Term
	Loss		Loss		Total
Global X SuperDividend® U.S. ETF	$	11,468,082	$	33,700,368	45,168,450
Global X MSCI SuperDividend® EAFE ETF		–		133,985	133,985
Global X SuperDividend® REIT ETF		1,491,829		–	1,491,829

The Federal tax cost basis of investments and aggregate gross unrealized appreciation and depreciation on investments held by the Funds at April 30, 2023 were as follows:

			Aggregated		Aggregated			Net
			Gross		Gross			Unrealized
	Federal Tax		Unrealized		Unrealized			Appreciation
Global X Funds	Cost		Appreciation		Depreciation			(Depreciation)
Global X Lithium & Battery Tech ETF	$	3,284,588,453	$	512,551,825	$	(512,649,734	)	$	(97,909	)
Global X SuperDividend® ETF		929,968,273		23,959,320		(174,829,555	)		(150,870,235	)
Global X Social Media ETF		235,326,316		6,617,351		(100,445,916	)		(93,828,565	)
Global X Guru® Index ETF		47,170,951		3,544,482		(4,069,070	)		(524,588	)
Global X SuperIncome™ Preferred ETF		212,982,537		3,946,781		(9,198,723	)		(5,251,942	)
Global X SuperDividend® U.S. ETF		662,573,967		59,943,875		(95,136,672	)		(35,192,797	)
Global X S&P 500® Covered Call ETF		2,622,785,576		212,543,085		(122,834,907	)		89,708,178
Global X NASDAQ 100® Covered Call
ETF		6,670,624,647		1,108,511,072		(251,925,580	)		856,585,492
Global X MSCI SuperDividend®
Emerging Markets ETF		48,733,015		3,818,956		(9,107,101	)		(5,288,145	)
Global X SuperDividend® REIT ETF		312,011,606		567,969		(44,809,021	)		(44,241,052	)
Global X Renewable Energy Producers
ETF		99,931,138		2,262,022		(31,689,138	)		(29,427,116	)
Global X S&P 500® Catholic Values
ETF		552,337,237		115,056,779		(32,733,022	)		82,323,757
Global X MSCI SuperDividend® EAFE
ETF		12,665,673		596,050		(1,268,809	)		(672,759	)
Global X E-commerce ETF		96,302,002		699,252		(51,433,726	)		(50,734,474	)
Global X Russell 2000 Covered Call
ETF		1,460,097,780		114,251,601		(147,183,811	)		(32,932,210	)
Global X S&P Catholic Values
Developed ex-U.S. ETF		14,711,525		957,457		(400,871	)		556,586
Global X Nasdaq 100® Covered Call &
Growth ETF		79,139,532		5,859,585		(6,665,259	)		(805,674	)
Global X S&P 500® Covered Call &
Growth ETF		59,764,180		3,318,595		(4,846,325	)		(1,527,730	)
Global X Emerging Markets Internet &
E-commerce ETF		4,094,543		19,444		(1,572,373	)		(1,552,929	)
Global X NASDAQ 100® Tail Risk ETF		1,989,972		85,389		(392,629	)		(307,240	)

395

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

6. TAX INFORMATION (continued)

			Aggregated		Aggregated			Net
			Gross		Gross			Unrealized
	Federal Tax		Unrealized		Unrealized			Appreciation
Global X Funds	Cost		Appreciation		Depreciation			Depreciation
Global X NASDAQ 100® Risk
Managed Income ETF	$	10,572,164	$	414,092	$	(1,446,966	)	$	(1,032,874	)
Global X NASDAQ 100® Collar 95-110
ETF		3,398,737		133,352		(684,551	)		(551,199	)
Global X S&P 500® Tail Risk ETF		3,329,745		268,311		(466,924	)		(198,613	)
Global X S&P 500® Risk Managed
Income ETF		27,041,190		1,524,747		(2,204,802	)		(680,055	)
Global X S&P 500® Collar 95-110 ETF		4,266,111		328,980		(559,076	)		(230,096	)
Global X Disruptive Materials ETF		6,606,753		49,607		(1,128,498	)		(1,078,891	)
Global X Dow 30® Covered Call ETF		69,215,670		5,844,038		(869,854	)		4,974,184
Global X Russell 2000 Covered Call &
Growth ETF		2,730,674		–		(43,511	)		(43,511	)
Global X Financials Covered Call &
Growth ETF		2,465,017		39,898		(161,052	)		(121,154	)
Global X Health Care Covered Call &
Growth ETF		2,772,718		49,635		(80,979	)		(31,344	)
Global X Information Technology
Covered Call & Growth ETF		2,466,447		385,100		(13,013	)		372,087
Global X Nasdaq 100® ESG Covered
Call ETF		2,440,583		280,069		(38,421	)		241,648
Global X S&P 500® ESG Covered Call
ETF		2,428,054		175,560		(50,808	)		124,752

The preceding differences between book and tax cost are primarily due to mark-to-market treatment of passive foreign investment companies, mixed straddles, MLP adjustments, wash sales, late year loss deferrals and differences due to preferred debt securities.

7. CONCENTRATION OF RISKS

The Funds invest in securities of foreign issuers in various countries. These investments may involve certain considerations and risks not typically associated with investments in the United States as a result of, among other factors, the possibility of future political and economic developments, the level of governmental supervision and regulation of securities markets in the respective countries.

The securities markets of emerging market countries are less liquid, subject to greater price volatility, and have a smaller market capitalization than the U.S. securities markets. In certain countries, there may be fewer publicly traded securities and the market may be dominated by a few issuers or sectors. Issuers and securities markets in such countries are not subject to as extensive and frequent accounting, financial and other reporting requirements or as comprehensive government regulations as are issuers and securities markets in the U.S. In particular, the assets and profits appearing on the financial statements of emerging

396

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

7. CONCENTRATION OF RISKS (continued)

market country issuers may not reflect their financial position or results of operations in the same manner as financial statements for U.S. issuers. Substantially less information may be publicly available about emerging market country issuers than is available about issuers in the United States.

The Funds may be subject to taxes imposed by countries in which they invest. Such taxes are generally based on either income 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 ETF, Global X Russell 2000 Covered Call & Growth ETF, Global X Financials Covered Call & Growth ETF, Global X Health Care Covered Call & Growth ETF and the Global X Information Technology Covered Call & Growth ETF which use a representative sampling strategy, the Funds use a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of an underlying index in approximately the same proportions as in the underlying index. A representative sampling strategy is an indexing strategy that involves investing in a representative sample of securities (including indirect investments through underlying ETFs) that collectively has an investment profile similar to an underlying index in terms of key risk factors, performance attributes and other characteristics. Each Fund may utilize a representative sampling strategy with respect to its underlying Index when a replication strategy might be detrimental to its shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to follow their underlying Index, or, in certain instances, when securities in the underlying Index become temporarily illiquid, unavailable or less liquid, or due to legal restrictions (such as diversification requirements that apply to a Fund but not the underlying index).

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 regarding the impact of this 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.

397

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

8. LOANS OF PORTFOLIO SECURITIES

Each Fund may lend portfolio securities having a market value up to one-third of its total assets. Security loans made pursuant to 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 values of the securities loaned 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.

At April 30, 2023, the following Funds had securities on loan, by counterparty:

				Cash
		Market Value		Collateral(1)
Global X Lithium & Battery Tech ETF
Barclays Capital Inc.		$	11,468,233	$	12,036,833
BMO Capital Markets			42,420		42,600
BNP Paribas Securities Corp			6,323,183		6,443,073
BofA Securities Inc.			34,070,196		35,919,279
Citigroup Global Markets Inc.			35,922,371		37,739,418
Goldman Sachs & Co.			20,819,118		22,005,537
J.P. Morgan Securities LLC			8,335,808		8,862,916
Morgan Stanley & Co. LLC			31,848,480		33,088,594
National Financial Services LLC			61,138		64,295
Scotia Capital (USA) Inc			529,951		540,938
UBS AG London Branch			451,509		478,257
UBS Securities LLC			365		384
	Total	$	149,872,772	$	157,222,124

398

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

8. LOANS OF PORTFOLIO SECURITIES (continued)

				Cash
		Market Value		Collateral(1)
Global X SuperDividend® ETF
Barclays Bank PLC		$	3,949,508	$	4,211,047
Barclays Capital Inc.			11,091,579		12,000,952
BNP Paribas Securities Corp			801,472		810,880
BofA Securities Inc.			1,102,333		1,166,920
Citigroup Global Markets Inc.			6,745,673		7,060,293
Goldman Sachs & Co.			1,105,211		1,178,399
J.P. Morgan Securities LLC			4,208,151		4,406,025
Morgan Stanley & Co. LLC			10,764,628		11,061,767
National Financial Services LLC			1,155,029		1,132,875
UBS AG London Branch			425,214		450,000
UBS Securities LLC			846,511		876,185
	Total	$	42,195,309	$	44,355,343
				Cash
		Market Value		Collateral(1)
Global X Social Media ETF
Barclays Capital Inc.		$	783,860	$	789,250
J.P. Morgan Securities LLC			143		160
Morgan Stanley & Co. LLC			195,826		205,125
UBS Securities LLC			2,427,630		2,441,190
	Total	$	3,407,459	$	3,435,725
				Cash
		Market Value		Collateral(1)
Global X Guru® Index ETF
Barclays Capital Inc.		$	398,720	$	406,400
	Total	$	398,720	$	406,400
				Cash
		Market Value		Collateral(1)
Global X SuperIncome™ Preferred ETF
Citigroup Global Markets Inc.		$	4,245,136	$	4,311,720
Goldman Sachs & Co.			4,350,166		4,433,921
J.P. Morgan Securities LLC			3,224,896		3,296,550
UBS Securities LLC			217,980		223,240
	Total	$	12,038,178	$	12,265,431

399

Notes to Financial Statements (Unaudited) (Continued) 

April 30, 2023

8. LOANS OF PORTFOLIO SECURITIES (continued)

				Cash
		Market Value		Collateral(1)
Global X Renewable Energy Producers ETF
Barclays Capital Inc.		$	151,695	$	199,000
BNP Paribas Securities Corp			660,928		682,640
BofA Securities Inc.			-		310,890
Morgan Stanley & Co. LLC			463,360		470,600
	Total	$	1,275,983	$	1,663,130

				Cash
		Market Value		Collateral(1)
Global X E-commerce ETF
BofA Securities Inc.		$	2,538	$	2,808
Goldman Sachs & Co.			116,753		124,752
Morgan Stanley & Co. LLC			151,716		153,330
UBS AG London Branch			783,675		837,225
Wells Fargo Securities LLC			46,540		52,000
	Total	$	1,101,222	$	1,170,115

(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.

9. REVERSE STOCK SPLIT

The Board of the Trust approved a reverse share split of one to three (1:3) of the issued and outstanding shares of the Global X SuperDividend^® ETF, Global X MSCI SuperDividend^® Emerging Markets ETF and Global X SuperDividend^® REIT ETF, and Global X Emerging Markets Internet & E-commerce ETF, (the "Reverse Share Split"). The Reverse Share Split was completed after the close of business on December 19, 2022. The effect of this transaction for each Fund was to divide the number of outstanding Shares of the Fund by three, resulting in a corresponding increase in the NAV per Share. The capital share activity presented on the Statement of Changes in Net Assets for each of the years in the period then ended, and the per share data in the financial highlights for each of the years in the period then ended have been updated to reflect this reverse share split. There were no changes in net assets, results of operations or total return as a result of this transaction.

10. CONTRACTUAL OBLIGATION

The Funds enter into contracts in the normal course of business that contain a variety of indemnifications. The Funds’ maximum exposure under these contracts is unknown; however, the Funds have not had prior gains or losses pursuant to these contracts. Management has reviewed the Funds’ existing contracts and expects the risk of loss to be remote.

400

Notes to Financial Statements (Unaudited) (Concluded) 

April 30, 2023

10. CONTRACTUAL OBLIGATION (continued)

Pursuant to the Trust’s organizational documents, the Trustees of the Trust and the Trust’s officers are indemnified against certain liabilities that may arise out of the performance of their duties.

11. SUBSEQUENT EVENTS

The custodian, transfer agent and securities lending agent for Global X SuperDividend^® U.S. ETF and Global X SuperDividend^® REIT ETF transitioned from Brown Brothers Harriman & Co. to The Bank of New York Mellon on or about May 12, 2023.

The custodian, transfer agent and securities lending agent for Global X S&P Catholic Values Developed ex-U.S. ETF and Global X Disruptive Materials ETF transitioned from Brown Brothers Harriman & Co. to The Bank of New York Mellon on or about June 12, 2023.

The custodian, transfer agent and securities lending agent for Global X MSCI SuperDividend^® EAFE ETF and Global X E-Commerce ETF transitioned from Brown Brothers Harriman & Co. to The Bank of New York Mellon on or about June 26, 2023.

The Funds have been evaluated by management regarding the need for additional disclosures (other than what is disclosed in the preceding paragraphs) and/or adjustments resulting from subsequent events. Based on this evaluation, no additional adjustments were required to the financial statements.

401

Disclosure of Fund Expenses (Unaudited) 

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, brokerage fees, 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 your 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 from November 1, 2022 through April 30, 2023).

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 a 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.

402

Disclosure of Fund Expenses (Unaudited) (Continued) 

	Beginning Account Value 11/1/2022		Ending Account Value 4/30/2023		Annualized Expense Ratios			Expenses Paid During Period(1)
Global X Lithium & Battery Tech ETF
Actual Fund Return	$	1,000.00	$	904.30		0.75	%	$	3.54
Hypothetical 5% Return		1,000.00		1,021.08		0.75			3.76
Global X SuperDividend® ETF
Actual Fund Return	$	1,000.00	$	1,045.30		0.59	%	$	2.99
Hypothetical 5% Return		1,000.00		1,021.87		0.59			2.96
Global X Social Media ETF
Actual Fund Return	$	1,000.00	$	1,398.30		0.65	%	$	3.87
Hypothetical 5% Return		1,000.00		1,021.57		0.65			3.26
Global X Guru® Index ETF
Actual Fund Return	$	1,000.00	$	1,050.30		0.75	%	$	3.81
Hypothetical 5% Return		1,000.00		1,021.08		0.75			3.76
Global X SuperIncome™ Preferred ETF
Actual Fund Return	$	1,000.00	$	989.60		0.57	%	$	2.81
Hypothetical 5% Return		1,000.00		1,021.97		0.57			2.86
Global X SuperDividend® U.S. ETF
Actual Fund Return	$	1,000.00	$	933.90		0.45	%	$	2.16
Hypothetical 5% Return		1,000.00		1,022.56		0.45			2.26
Global X S&P 500® Covered Call ETF
Actual Fund Return	$	1,000.00	$	1,074.90		0.60	%	$	3.09
Hypothetical 5% Return		1,000.00		1,021.82		0.60			3.01
Global X NASDAQ 100® Covered Call ETF
Actual Fund Return	$	1,000.00	$	1,138.70		0.61	%	$	3.23
Hypothetical 5% Return		1,000.00		1,021.77		0.61			3.06
Global X MSCI SuperDividend® Emerging Markets ETF
Actual Fund Return	$	1,000.00	$	1,153.60		0.66	%	$	3.52
Hypothetical 5% Return		1,000.00		1,021.52		0.66			3.31
Global X SuperDividend® REIT ETF
Actual Fund Return	$	1,000.00	$	1,037.60		0.59	%	$	2.98
Hypothetical 5% Return		1,000.00		1,021.87		0.59			2.96

403

Disclosure of Fund Expenses (Unaudited) (Continued) 

	Beginning Account Value 11/1/2022		Ending Account Value 4/30/2023		Annualized Expense Ratios			Expenses Paid During Period(1)
Global X Renewable Energy Producers ETF
Actual Fund Return	$	1,000.00	$	944.60		0.65	%	$	3.13
Hypothetical 5% Return		1,000.00		1,021.57		0.65			3.26
Global X S&P 500® Catholic Values ETF
Actual Fund Return	$	1,000.00	$	1,089.40		0.29	%	$	1.50
Hypothetical 5% Return		1,000.00		1,023.36		0.29			1.45
Global X MSCI SuperDividend® EAFE ETF
Actual Fund Return	$	1,000.00	$	1,230.70		0.57	%	$	3.15
Hypothetical 5% Return		1,000.00		1,021.97		0.57			2.86
Global X E-commerce ETF
Actual Fund Return	$	1,000.00	$	1,147.70		0.50	%	$	2.66
Hypothetical 5% Return		1,000.00		1,022.32		0.50			2.51
Global X Russell 2000 Covered Call ETF
Actual Fund Return	$	1,000.00	$	976.60		0.58	%	$	2.84
Hypothetical 5% Return		1,000.00		1,021.92		0.58			2.91
Global X S&P Catholic Values Developed ex-U.S. ETF
Actual Fund Return	$	1,000.00	$	1,230.70		0.35	%	$	1.94
Hypothetical 5% Return		1,000.00		1,023.06		0.35			1.76
Global X Nasdaq 100® Covered Call & Growth ETF
Actual Fund Return	$	1,000.00	$	1,151.30		0.61	%	$	3.25
Hypothetical 5% Return		1,000.00		1,021.77		0.61			3.06
Global X S&P 500® Covered Call & Growth ETF
Actual Fund Return	$	1,000.00	$	1,079.40		0.60	%	$	3.09
Hypothetical 5% Return		1,000.00		1,021.82		0.60			3.01
Global X Emerging Markets Internet & E-commerce ETF
Actual Fund Return	$	1,000.00	$	1,296.10		0.66	%	$	3.76
Hypothetical 5% Return		1,000.00		1,021.52		0.66			3.31
Global X NASDAQ 100® Tail Risk ETF
Actual Fund Return	$	1,000.00	$	1,104.90		0.60	%	$	3.13
Hypothetical 5% Return		1,000.00		1,021.82		0.60			3.01

404

Disclosure of Fund Expenses (Unaudited) (Continued) 

	Beginning Account Value 11/1/2022		Ending Account Value 4/30/2023		Annualized Expense Ratios			Expenses Paid During Period(1)
Global X NASDAQ 100® Risk Managed Income ETF
Actual Fund Return	$	1,000.00	$	1,059.70		0.62	%	$	3.17
Hypothetical 5% Return		1,000.00		1,021.72		0.62			3.11
Global X NASDAQ 100® Collar 95-110 ETF
Actual Fund Return	$	1,000.00	$	1,068.70		0.61	%	$	3.13
Hypothetical 5% Return		1,000.00		1,021.77		0.61			3.06
Global X S&P 500® Tail Risk ETF
Actual Fund Return	$	1,000.00	$	1,046.40		0.60	%	$	3.04
Hypothetical 5% Return		1,000.00		1,021.82		0.60			3.01
Global X S&P 500® Risk Managed Income ETF
Actual Fund Return	$	1,000.00	$	1,025.50		0.61	%	$	3.06
Hypothetical 5% Return		1,000.00		1,021.77		0.61			3.06
Global X S&P 500® Collar 95-110 ETF
Actual Fund Return	$	1,000.00	$	1,032.20		0.61	%	$	3.07
Hypothetical 5% Return		1,000.00		1,021.77		0.61			3.06
Global X Disruptive Materials ETF
Actual Fund Return	$	1,000.00	$	1,062.70		0.60	%	$	3.07
Hypothetical 5% Return		1,000.00		1,021.82		0.60			3.01
Global X Dow 30® Covered Call ETF
Actual Fund Return	$	1,000.00	$	1,042.40		0.60	%	$	3.04
Hypothetical 5% Return		1,000.00		1,021.82		0.60			3.01
Global X Russell 2000 Covered Call & Growth ETF
Actual Fund Return	$	1,000.00	$	968.10		0.50	%	$	2.44
Hypothetical 5% Return		1,000.00		1,022.32		0.50			2.51
Global X Financials Covered Call & Growth ETF(4)
Actual Fund Return	$	1,000.00	$	1,000.00		0.50	%	$	2.48	(2)
Hypothetical 5% Return		1,000.00		1,022.32		0.50			2.51
Global X Health Care Covered Call & Growth ETF(4)
Actual Fund Return	$	1,000.00	$	1,000.00		0.50	%	$	2.48	(2)
Hypothetical 5% Return		1,000.00		1,022.32		0.50			2.51

405

Disclosure of Fund Expenses (Unaudited) (Concluded) 

	Beginning Account Value 11/1/2022		Ending Account Value 4/30/2023		Annualized Expense Ratios			Expenses Paid During
								Period(1)
Global X Information Technology Covered Call & Growth ETF(4)
Actual Fund Return	$	1,000.00	$	1,000.00		0.50	%	$	2.48	(2)
Hypothetical 5% Return		1,000.00		1,022.32		0.50			2.51
Global X Nasdaq 100® ESG Covered Call ETF(5)
Actual Fund Return	$	1,000.00	$	1,000.00		0.25	%	$	1.24	(3)
Hypothetical 5% Return		1,000.00		1,023.56		0.25			1.25
Global X S&P 500® ESG Covered Call ETF(5)
Actual Fund Return	$	1,000.00	$	1,000.00		0.25	%	$	1.24	(3)
Hypothetical 5% Return		1,000.00		1,023.56		0.25			1.25

(1)	Expenses are equal to the Fund's annualized expense ratio multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period).
(2)	Expenses are equal to the Fund's annualized expense ratio multiplied by the average account value over the period, multiplied by 160/365 (to reflect the one-half year period).
(3)	Expenses are equal to the Fund's annualized expense ratio multiplied by the average account value over the period, multiplied by 68/365 (to reflect the one-half year period).
(4)	Commenced operations on November 21, 2022.
(5)	Commenced operations on February 21, 2023.

406

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.

At Board meetings of the Global X Funds (the “Trust”) held on November 12, 2021 and November 11, 2022 (the “New Fund Board Meetings”), the Board of Trustees (the “Board”) (including the Trust’s Independent Trustees, voting separately) considered and unanimously approved (i) the initial Investment Advisory Agreement (the “New Investment Advisory Agreement”) for the Global X Nasdaq 100 ESG Covered Call ETF,  Global X S&P 500 ESG Covered Call ETF, Global X Financials Covered Call & Growth ETF, Global X Health Care Covered Call & Growth ETF and Global X Information Technology Covered Call & Growth ETF (each a “New Fund”, and together the “New Funds”); and (ii) the initial Supervision andAdministrationAgreement ("New Supervision and Administration Agreement"), each between the Trust, on behalf of the New Funds, and Global X Management Company LLC (“Global X Management”). The New Investment Advisory Agreement and New Supervision and Administration Agreement are referred to collectively as the “New Fund Agreements.”

At a Board meeting of the Trust held on November 11, 2022, called for such purpose, the Board (including the Trust’s Independent Trustees, voting separately) considered and unanimously approved the continuation of (i) the Investment Advisory Agreement (“Renewal Investment Advisory Agreement”) for each Fund included in this Semi-Annual Report (each, a “Renewal Fund”); and (ii) the Supervision and Administration Agreement ("Renewal Supervision and Administration Agreement"), each between the Trust, on behalf of each Renewal Fund, and Global X Management. The Renewal Investment Advisory Agreement and the Renewal Supervision and Administration Agreement are referred to collectively as the “Renewal Agreements.”

In advance of the Board meetings, the Board (including the Trust’s Independent Trustees) and the Independent Trustees’ independent legal counsel requested (in writing) detailed information from Global X Management in connection with the Board’s consideration of the Renewal Agreements and 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.

407

Approval of Investment Advisory Agreement (Unaudited) (Continued) 

NEW FUND AGREEMENTS

In determining to approve the New Fund Agreements for the New Funds, the Board considered a variety of factors, including the factors discussed in greater detail below.

Nature, Extent and Quality of Services

With respect to this factor, the Board considered:

•the terms of the New Fund Agreements and the range of services proposed to be provided to the New Funds in accordance with the New Fund Agreements;

• Global X Management’s key personnel and the portfolio managers who would provide investment advisory, supervision and administrative services to the New Funds;

•Global X Management’s responsibilities under the New Fund Agreements to, among other things, (i) manage the investment operations of the New Funds and the composition of the New Funds’ assets, including the purchase, retention and disposition of its holdings, (ii) provide quarterly reports to the Trust’s officers and the Board and other reports as the Board deems necessary or appropriate, (iii) vote proxies, exercise consents, and exercise all other rights appertaining to securities and assets held by the New Funds, (iv) select broker-dealers to execute portfolio transactions for the New Funds when necessary, (v) assist in the preparation and filing of reports and proxy statements (if any) to the shareholders of the New Funds, and the periodic updating of the registration statements, prospectuses, statements of additional information, and other reports and documents for the New Funds that are required to be filed by the Trust with the U.S. Securities and Exchange Commission (“SEC”) and other regulatory or governmental bodies, and (vi) monitor anticipated purchases and redemptions of the shares (including Creation Units) of the New Funds by shareholders and new investors;

• the nature, extent and quality of all of the services (including advisory, administrative and compliance services) that are proposed to be provided by Global X Management or made available to the New Funds; and

• the quality of Global X Management’s resources and personnel that would be made available to the New Funds, including Global X Management’s experience and the professional qualifications of Global X Management’s key personnel.

Based on these considerations, the Board concluded, at the New Fund Board Meetings, that it was satisfied with the nature, extent and quality of the services proposed to be provided to the New Funds by Global X Management.

Performance

The Board determined that, because the New Funds had not yet begun investment operations as of the dates of the New Fund Board Meetings, meaningful data relating to the

408

Approval of Investment Advisory Agreement (Unaudited) (Continued) 

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 each 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 Funds’ shareholders.

Comparison of Fees and Services

With respect to this factor, the Board considered:

•comparative information with respect to the proposed Management Fee to be paid to Global X Management by each New Fund. In connection with this consideration, Global X Management provided the Board with comparative expense data for each New Fund, including fees and expenses paid by unaffiliated similar specialized and/or focused ETFs, and/or other similar registered funds. The Board considered that the proposed Management Fee for each of the New Funds was below the average and median of the New Funds' peer group;

• the structure of the proposed unitary Management Fee (which includes as one component the proposed investment advisory fee for the New Funds) and the expected total expense ratios for the New Funds. In this regard, the Board took into consideration that the purpose of adopting a unitary Management Fee structure for the New Funds was to create a simple, all-inclusive fee that would provide a level of predictability with respect to the overall expense ratios (i.e., the total fees) of the New Funds and that the proposed Management Fee for each New Fund was set at a competitive level to make the New Fund viable in the marketplace; and

409

Approval of Investment Advisory Agreement (Unaudited) (Continued) 

• 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.

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.

410

Approval of Investment Advisory Agreement (Unaudited) (Continued) 

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.

RENEWAL AGREEMENTS

In determining to approve the continuation of the Renewal Agreements for the Renewal Funds, the Board considered a variety of factors, including the factors discussed in greater detail below.

Nature, Extent and Quality of Services

With respect to this factor, the Board considered:

• the terms of the Renewal Agreements and the range of services that would continue to be provided to each Renewal Fund in accordance with the Renewal Agreements;

• Global X Management’s key personnel and the portfolio managers who would continue to provide investment advisory, supervision and administrative services to each Renewal Fund;

• Global X Management’s responsibilities under the Renewal Agreements, among other things, to: (i) manage the investment operations of the Renewal Funds and the composition of the Renewal Funds’ assets, including the purchase, retention and disposition of their 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 relating to securities and assets held by the Renewal Funds, (iv) select broker-dealers to execute portfolio transactions for the Renewal Funds when necessary, (v) assist in the preparation and filing of reports and proxy statements (if any) to the shareholders of the Renewal Funds, and the periodic updating of the registration statement, prospectuses, statements of additional information, and other reports and documents for the Renewal Funds that are required to be filed by the Trust with the SEC and other regulatory and governmental bodies, and (vi) monitor anticipated purchases and redemptions of the shares (including Creation Units) of the Renewal Funds by shareholders and new investors;

• the nature, extent and quality of all of the services (including advisory, administrative and compliance services) that have been provided by Global X Management or made available to the Renewal Funds; and

• the quality of Global X Management’s resources and personnel that would continue to be made available to the Renewal 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 that it was satisfied with the nature, extent and quality of the services provided to the Renewal Funds by Global X Management.

411

Approval of Investment Advisory Agreement (Unaudited) (Continued) 

Performance

The Board considered the performance of each Renewal Fund. They examined the performance of the Renewal Funds for the one-year, three-year, five-year and since-inception periods, as applicable. Also, the Board considered the total return and investments performanceoftheRenewalFundsrelativeto(i)theperformanceofunaffiliatedcomparable ETFs and/or other registered funds, which performance information is publicly available from such registered funds, as well as other third party sources; and (ii) the performance of pertinent indexes. The Board considered instances of under-performance and over-performance with respect to the competitor funds. The Board also considered the Renewal Funds’ tracking against their underlying indexes in absolute terms.

Based on these considerations and comparisons, the Board concluded that the investment performance of the Renewal Funds did not adversely affect the Board’s approval of the continuance of the Renewal Agreements.

Cost of Services and Profitability

The Board considered Global X Management’s cost to provide investment management, supervision and administrative and related services to the Renewal Funds. In this regard, the Board considered the management fee (“Management Fee”) that has been borne or is expected to be borne by the Renewal Funds under the Renewal Agreements for the various investment advisory, supervisory and administrative services that the Renewal 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 Renewal Funds).

In addition, the Board considered expected profitability to Global X Management, as applicable, from all services provided or expected to be provided to the Renewal Funds and all aspects of Global X Management’s relationship with the Renewal Funds. In connection with these considerations, Global X Management provided the Board with financial information regarding its operations and the services provided to the Renewal Funds and discussed with the Board its current and expected, as applicable, profitability with respect to the Renewal Funds.

Based on these considerations, the Board concluded that the Management Fee rate paid by the Renewal Funds to Global X Management, in light of the nature, extent and quality of the services provided, was reasonable and in the best interests of the Renewal Funds’ shareholders.

Comparison of Fees and Services

With respect to this factor, the Board considered:

• comparative information with respect to the Management Fee paid to Global X Management by the Renewal Funds. In connection with this consideration, Global X Management provided the Board with comparative expense data for the Renewal Funds,

412

Approval of Investment Advisory Agreement (Unaudited) (Continued) 

including fees and expenses paid by unaffiliated similar specialized and/or focused ETFs and/or other comparable registered funds. The Board considered the Global X Management’s detailed explanation of the fee structures of any Renewal Fund that was above the average or median for its peer group;

• the structure of the unitary Management Fee (which includes as one component the investment advisory fee for the Renewal Funds) and the current total expense ratios for the Renewal Funds. In this regard, the Board took into consideration that the purpose of adopting a unitary Management Fee structure for the Renewal Funds was to create a simple, all-inclusive fee that would provide a level of predictability with respect to the overall expense ratio (i.e., the total fees) of the Renewal Funds and that the proposed Management Fees for the Renewal Funds were set at a competitive levels to make the Renewal Funds viable in the marketplace; and

• that, under the unified Management Fee structure, Global X Management is responsible for most ordinary expenses of the Renewal Funds, including the costs of various third-party services required by the Renewal Funds, including investment advisory, administrative, audit, certain custody, portfolio accounting, legal, transfer agency and printing costs, but that the Renewal Funds 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 that the services received and the fees charged under the Renewal 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 Renewal Funds grow and whether the unitary Management Fee for the Renewal Funds reflected these economies of scale;

• the significant investment of time, personnel and other resources that Global X Management has made and intends to continue to make in the Renewal Funds in order to seek to assure that the Renewal Funds are attractive to investors; and

•that the unitary Management Fee would provide a high level of certainty as to the total level of expenses for the Renewal Funds and their shareholders.

Based on these considerations, the Board concluded that the unitary Management Fee for the Renewal Funds appropriately addressed economies of scale.

Other Benefits

In considering the Renewal Agreements, in addition to the factors above, the Board considered any other benefits realized by Global X Management as a result of its

413

Approval of Investment Advisory Agreement (Unaudited) (Concluded) 

relationships with the Renewal Funds and concluded that, in the exercise of the Board’s business judgement, all information the Board considered supported approval of the continuation of the Renewal Agreements.

Conclusion

After full consideration of the factors above, as well as other factors that were instructive in its consideration, the Board, including all of the Trust’s Independent Trustees voting separately, concluded, in the exercise of its business judgement, that the Renewal Agreements were fair and reasonable and in the best interest of each Renewal Fund.

In reaching this decision, the Board did not assign relative weights to the factors above nor did the Board deem any one factor or group of them to be controlling in and of themselves. Each member of the Board may have assigned different weights to the various factors.

414

Supplemental Information (UNAUDITED) 

NAV is the price per Share at which the Funds issue and redeem 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 Funds’ Market Price may be at, above or below their NAV. The NAV of the Funds will fluctuate with changes in the market value of the Funds’ holdings. The Market Price of the Funds will fluctuate in accordance with changes in their 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.

415

605 3rd Avenue, 43rd Floor

New York, NY 10158

1-888-493-8631

www.globalxetfs.com

Investment Adviser and Administrator:

Global X Management Company LLC

605 3rd Avenue, 43rd Floor

New York, NY 10158

Distributor:

SEI Investments Distribution Co.

One Freedom Valley Drive

Oaks, PA 19456

Sub-Administrator:

SEI Investments Global Funds Services

One Freedom Valley Drive

Oaks, PA 19456

Counsel for Global X Funds and the Independent Trustees:

Stradley Ronon Stevens & Young, LLP

2000 K Street, N.W.

 Suite 700 

Washington, DC 20006

Custodians and Transfer Agents:

Brown Brothers Harriman & Co.

40 Water Street

Boston, MA 02109

The Bank of New York Mellon

240 Greenwich Street

New York, NY 10286

Independent Registered Public Accounting Firm:

PricewaterhouseCoopers LLP

Two Commerce Square

Suite 1800

2001 Market Street

Philadelphia, PA 19103

This information must be preceded or accompanied by a current prospectus for the Funds described.

GLX-SA-003-1200

Item 2.Code of Ethics.

Not applicable for semi-annual report.

Item 3.Audit Committee Financial Expert.

Not applicable for semi-annual report.

Item 4.     Principal Accountant Fees and Services.

Not applicable for semi-annual report.

Item 5.  Audit Committee of Listed Registrants.

Not applicable for semi-annual report.

Item 6.  Investments.

Schedule of Investments is included as part of the report to shareholders filed under Item 1 of this form.

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 to the procedures by which shareholders may recommend nominees to the registrant’s board of directors.

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) Not applicable for semi-annual report.

(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:  July 7, 2023

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: July 7, 2023

By (Signature and Title)

/s/ John Belanger

John Belanger
Chief Financial Officer

Date:  July 7, 2023