UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES

Investment Company Act file number 811-22209

Global X Funds
(Exact name of registrant as specified in charter)

605 Third Avenue, 43rd floor
New York, NY 10158
(Address of principal executive offices) (Zip code)

Thomas Park
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: October 31, 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.

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)
Global X Dow 30® Covered Call & Growth ETF (ticker: DYLG)

Annual Report

October 31, 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

Management Discussion of Fund Performance	1
Schedules of Investments
Global X Lithium & Battery Tech ETF	74
Global X SuperDividend® ETF	78
Global X Social Media ETF	88
Global X Guru® Index ETF	93
Global X SuperIncome™ Preferred ETF	98
Global X SuperDividend® U.S. ETF	101
Global X S&P 500® Covered Call ETF	106
Global X NASDAQ 100® Covered Call ETF	121
Global X MSCI SuperDividend® Emerging Markets ETF	126
Global X SuperDividend® REIT ETF	133
Global X Renewable Energy Producers ETF	136
Global X S&P 500® Catholic Values ETF	143
Global X MSCI SuperDividend® EAFE ETF	156
Global X E-commerce ETF	162
Global X Russell 2000 Covered Call ETF	167
Global X S&P Catholic Values Developed ex-US ETF	225
Global X Nasdaq 100® Covered Call & Growth ETF	248
Global X S&P 500® Covered Call & Growth ETF	254
Global X Emerging Markets Internet & E-commerce ETF	270
Global X NASDAQ 100® Tail Risk ETF	273
Global X NASDAQ 100® Risk Managed Income ETF	278
Global X NASDAQ 100® Collar 95-110 ETF	284
Global X S&P 500® Tail Risk ETF	290
Global X S&P 500® Risk Managed Income ETF	305
Global X S&P 500® Collar 95-110 ETF	321
Global X Disruptive Materials ETF	337
Global X Dow 30® Covered Call ETF	341
Global X Russell 2000 Covered Call & Growth ETF	344
Global X Financials Covered Call & Growth ETF	346
Global X Health Care Covered Call & Growth ETF	350
Global X Information Technology Covered Call & Growth ETF	354
Global X Nasdaq 100® ESG Covered Call ETF	358
Global X S&P 500® ESG Covered Call ETF	364
Global X Dow 30® Covered Call & Growth ETF	375
Glossary	378
Statements of Assets and Liabilities	379
Statements of Operations	389
Statements of Changes in Net Assets	398
Financial Highlights	416
Notes to Financial Statements	440
Report of Independent Registered Public Accounting Firm	483
Disclosure of Fund Expenses	486
Liquidity Risk Management Program	491
Approval of Investment Advisory Agreement	492
Supplemental Information	496
Trustees and Officers of the Trust	497
Notice to Shareholders	499

 

Table of Contents

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

The Funds file their complete schedules of Fund holdings with the Securities and Exchange Commission (the “SEC” or “Commission”) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The Funds’ Form N-PORT is available on the 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.

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

Global X Lithium & Battery Tech ETF

The Global X Lithium & Battery Tech ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Lithium Index (the “Underlying Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

The Underlying Index is designed to measure broad-based equity market performance of global companies involved in the lithium industry, as defined by Solactive AG, the provider of the Underlying Index.

For the 12-month period ended October 31, 2023 (the “reporting period”), the Fund decreased 28.63%, while the Underlying Index decreased 28.42%. The Fund had a net asset value of $67.13 per share on October 31, 2022 and ended the reporting period with a net asset value of $47.33 on October 31, 2023.

During the reporting period, the highest returns came from Simplo Technology Co Ltd and BYD Co Ltd-H, which returned 41.43% and 36.22%, respectively. The worst performers were Freyr Battery SA and Core Lithium Ltd, which returned -75.88% and -74.26, respectively.

The Fund recorded negative performance over the reporting period, as lithium producers were impacted by declining prices, and both lithium producers and battery manufacturers were impacted by weakened demand. In particular, lithium prices were weighed down by performance in the Chinese spot market, the largest spot market in the world by a wide margin, amid weakened demand and bearish sentiment. Notably, electric vehicle (EV) sales in China were weaker at the start of 2023 and remained volatile for several months due to policy changes, including the end of subsidies on EV purchases, as well as a decline in consumer sentiment amid the broader economic slowdown. To counter slower demand and continued uncertainty over the short-term, battery makers largely worked through built up inventories instead of taking on new lithium contracts. During the reporting period, the Fund had an average approximate stock exposure of 35.44% in China and 24.62% in the United States. By sector, the Fund had its highest average exposure to Materials at 38.16%, Consumer Discretionary at 23.17% and Industrials at 23.03%.

	AVERAGE ANNUAL TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Three Year Return		Five Year Return		Ten Year Return
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X Lithium & Battery Tech	-28.63%	-27.69%	3.93%	4.01%	10.75%	11.00%	7.66%	7.71%
Solactive Global Lithium Index (USD)	-28.42%	-28.42%	4.45%	4.45%	11.02%	11.02%	8.18%	8.18%
MSCI ACWI (Net) (USD)	10.50%	-10.50%	6.68%	6.68%	7.47%	7.47%	6.81%	6.81%

1

Management Discussion of Fund Performance (unaudited)

Global X Lithium & Battery Tech ETF

Growth of a $10,000 Investment

(At Net Asset Value)

*Fund commenced operations on July 22, 2010.

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

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

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

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

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

See definition of comparative indices on the previous page.

2

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

Global X SuperDividend^® ETF

The Global X SuperDividend^® ETF (the “Fund”) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global SuperDividend^® Index (the “Underlying Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

The Underlying Index tracks the performance of 100 equally weighted companies that rank among the highest dividend yielding equity securities in the world, including emerging market countries, as defined by Solactive AG, the provider of the Underlying Index (“Index Provider”). The Index Provider applies certain dividend stability filters.

For the 12-month period ended October 31, 2023 (the “reporting period”), the Fund decreased 0.31%, while the Underlying Index increased 0.49%. The Fund had a net asset value of $23.05 per share on October 31, 2022 and ended the reporting period with a net asset value of $20.36 on October 31, 2023, following a 1:3 reverse share split on December 19, 2022.

During the reporting period, the highest returns came from China SCE Group Holdings Ltd and Powerlong Real Estate Holdings, which returned 199.23% and 196.66%, respectively. The worst performers were Manulife US REIT and Grange Resources Limited, which returned -85.27% and -60.84%, respectively.

The Fund generated negative returns during the reporting period, as uncertainty on the direction of interest rates continued to impact global equity markets. Real estate experienced a continued decline, as high interest rates increased financing costs, which negatively impacted Mortgage REITs, the largest industry holding in the Fund. The Materials sector also detracted from performance in 2023, as recession worries around the world depressed returns. However, elevated energy prices and structural supply issues lent strength to energy and energy-linked industrial holdings within the Fund’s portfolio. During the reporting period, the Fund had an average approximate exposure of 30.33% to stocks in United States and 13.45% in Brazil. By sector, it had the highest exposure to Financials at 31.29%, Materials at 15.72% and Energy at 13.99%.

	AVERAGE ANNUAL TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Three Year Return		Five Year Return		Ten Year Return
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X SuperDividend® ETF	-0.31%	-0.86%	-4.45%	-4.45%	-10.31%	-10.32%	-4.17%	-4.17%
Solactive Global SuperDividend Index (USD)	0.49%	0.49%	-5.07%	-5.07%	-10.66%	-10.66%	-4.41%	-4.41%
MSCI ACWI (Net) (USD)	10.50%	10.50%	6.68%	6.68%	7.47%	7.47%	6.81%	6.81%

3

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

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on June 8, 2011.

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

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

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

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

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

See definition of comparative indices on the previous page.

4

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

Global X Social Media ETF

The Global X Social Media ETF (“Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Social Media Total Return Index (the “Underlying Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

The Underlying Index is designed to reflect the performance of companies involved in the social media industry, including companies that provide social networking, file sharing, and other web-based media applications, as defined by Solactive AG, the provider of the Underlying Index.

For the 12-month period ended October 31, 2023 (the “reporting period”), the Fund increased 40.40%, while the Underlying Index increased 41.27%. The Fund had a net asset value of $24.88 per share on October 31, 2022, and ended the reporting period with a net asset value of $34.75 on October 31, 2023.

During the reporting period, the highest returns came from Meitu Inc and Meta Platforms Inc-Class A which returned 366.35% and 223.39%, respectively. The worst performers were Bumble Inc A and Giftee Inc, which returned -47.09% and -45.04%, respectively.

During the reporting period, the Fund achieved positive performance, driven by escalating user engagement and increased time spent on global social media platforms. Bundled product offerings encompassing entertainment, news, and diverse content verticals generated additional revenue streams, reflecting the social media industry’s adaptability and resilience. Industry-wide price adjustments reinforced social media platforms’ potential, signifying confidence in their future growth. The incorporation of generative artificial intelligence (AI) technology proved pivotal, personalizing user experiences. Furthermore, strategic workforce reductions within social media firms resonated positively with investors and improved profit margins. Lower valuations of these companies also attracted the attention of prospective investors during the reporting period. During the reporting period, the Fund had an average approximate stock exposure of 38.19% in the United States, 34.80% in China and 13.40% in South Korea.

	AVERAGE ANNUAL TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Three Year Return		Five Year Return		Ten Year Return
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X Social Media ETF	40.40%	40.27%	-12.29%	-12.43	3.79%	3.77%	6.29%	6.24%
Solactive Social Media Total Return Index (USD)	41.27%	41.27%	-11.88%	-11.88%	4.34%	4.34%	6.80%	6.80%
MSCI ACWI (Net) (USD)	10.50%	10.50%	6.68%	6.68%	7.47%	7.47%	6.81%	6.81%

5

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

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on November 14, 2011.

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

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

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

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

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

See definition of comparative indices on the previous page.

6

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

Global X Guru^® Index ETF

The Global X Guru Index ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Guru Index (the “Underlying Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

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

For the 12-month period ended October 31, 2023 (the “reporting period”), the Fund increased 2.58%, while the Underlying Index increased 1.96%. The Fund had a net asset value of $33.48 per share on October 31, 2022 and ended the reporting period with a net asset value of $34.23 on October 31, 2023.

During the reporting period, the highest returns came from BiliBili Inc-Sponsored ADR and GDS Holdings Ltd-ADR, which returned 129.48% and 119.24%, respectively. The worst performers were Fate Therapeutics Inc and Icahn Enterprises LP, which returned -72.32% and -63.75%, respectively.

During the reporting period, an increased focus on technological advancements within artificial intelligence technology, led to positive investor sentiment towards technology sector holdings within the Fund. Pharmaceutical holdings that made weight loss drug advancements positively impacted the Fund during the reporting period. Furthermore, as inflation within the U.S. declined, the Federal Reserve’s slower pace of interest rate hikes during the reporting period positively impacted holdings within the Fund. Amid geopolitical concerns, oil refiners and explorers within the Fund provided a level of negative performance as volatility in the oil markets remained apparent during the reporting period. During the reporting period, the Fund had the highest sector exposure to Health Care at 18.38%, Consumer Discretionary at 14.59%, Information Technology at 12.46% and Financials at 12.37%.

	AVERAGE ANNUAL TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Three Year Return		Five Year Return		Ten Year Return
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X Guru® Index ETF	2.58%	2.49%	-2.02%	-1.95%	3.49%	3.47%	4.31%	4.29%
Solactive Guru Index	1.96%	1.96%	-2.12%	-2.12%	3.48%	3.48%	4.48%	4.48%
S&P 500® Index	10.14%	10.14%	10.36%	10.36%	11.01%	11.01%	11.18%	11.18%

7

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

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on June 4, 2012.

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

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

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

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

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

See definition of comparative indices on the previous page.

8

Management Discussion of Fund Performance (unaudited)

Global X SuperIncome™ Preferred ETF

Global X SuperIncome™ Preferred ETF

The Global X SuperIncome™ Preferred ETF (“Fund”) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Global X U.S. High Yield Preferred Index (the “Underlying Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

The Underlying Index tracks the performance of the highest-yielding preferred securities listed in the United States, as determined by Solactive AG, the administrator of the Underlying Index (“Index Administrator”). The Underlying Index is comprised of preferred stocks that meet certain criteria relating to size, liquidity, issuer concentration and rating, maturity and other requirements, as determined by the Index Administrator. The Underlying Index does not seek to directly reflect the performance of the companies issuing the preferred stock. The Underlying Index is owned and was developed by Global X Management Company LLC, an affiliate of the Fund and the Fund’s investment adviser.

For the 12-month period ended October 31, 2023 (the “reporting period”), the Fund decreased 9.26% and the Underlying Index decreased 9.01%. The Fund had a net asset value of $9.67 per share on October 31, 2022 and ended the reporting period with a net asset value of $8.21 on October 31, 2023.

During the reporting period, the highest returns came from Rithm Capital Corp and Annaly Capital Management Inc., which returned 24.42% and 22.29%, respectively. The worst performers were First Republic Bank and Signature Bank, which returned -99.75% and -99.62%, respectively.

The Fund generated negative returns over the reporting period as challenging geopolitical concerns and monetary policy tightening by central banks weighed negatively on preferred stock and fixed income markets. The U.S. Federal Reserve slowed down its pace of interest rate hikes during the reporting period, however, borrowers continued to feel the negative impact of rising interest costs. Furthermore, the banking sector, one of the primary issuers of preferred securities, continued to face pressure due to regulatory concerns about potential contagion following the collapse of certain regional banks during the middle of the reporting period. This led to fears of widening credit spreads for preferred securities, which dampened valuations during the reporting period. During the reporting period, the Fund had an approximate average sector exposure of 72.04% to Financials, 7.11% to Communication Services, and 5.25% to Utilities.

	AVERAGE ANNUAL TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Three Year Return		Five Year Return		Ten Year Return
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X SuperIncome™ Preferred ETF	-9.26%	-9.08%	-3.84%	-3.69%	-0.49%	-0.47%	0.71%	0.62%
S&P Enhanced Yield North American Preferred Stock Index	-9.01%	-9.01%	-3.37%	-3.37%	0.00%	0.00%	1.28%	1.28%
S&P 500® Index	10.14%	10.14%	10.36%	10.36%	11.01%	11.01%	11.18%	11.18%

9

Management Discussion of Fund Performance (unaudited)

Global X SuperIncome™ Preferred ETF

Growth of a $10,000 Investment

(At Net Asset Value)

* Fund commenced operations on July 16, 2012.

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

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

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

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

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

See definition of comparative indices on the previous page.

10

Management Discussion of Fund Performance (unaudited)

Global X SuperDividend^® U.S. ETF

Global X SuperDividend^® U.S. ETF

The Global X SuperDividend^® U.S. ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx SuperDividend^® U.S. Low Volatility Index (the “Underlying Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

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

For the 12-month period ended October 31, 2023 (the “reporting period”), the Fund decreased 12.60% and the Underlying Index decreased 12.09%. The Fund had a net asset value of $19.18 per share on October 31, 2022 and ended the reporting period with a net asset value of $15.62 on October 31, 2023.

During the reporting period, the highest returns came from US Compression Partners LP and Magellan Midsteam Partners, which returned 52.91% and 38.82%, respectively. The worst performers were PetMed Express, Inc. and Lumen Technologies, Inc., which returned -65.20% and -56.11%, respectively.

The Fund generated negative returns during the reporting period as elevated interest rates resulted in higher borrowing costs, reduced profit margins, and increased pressures on underlying constituents. This negatively impacted interest rate sensitive sectors within the Fund such as real estate investment trusts (REITs) and utilities. A strong U.S. dollar, coupled with slower-than-expected economic activity globally weighed negatively on energy prices, creating mixed impacts on the Fund’s energy holdings. Lastly, the rise in financing costs translated into reduced cash flows for REITs, due to increased carrying costs for acquisitions and development projects. During the reporting period, the Fund had an average sector exposure of 23.89% to Energy, 15.24% to Consumer Staples and 14.41% to Financials.

	AVERAGE ANNUAL TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Three Year Return		Five Year Return		Ten Year Return
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X SuperDividend® U.S. ETF	-12.60%	12.59%	8.01%	8.03%	-2.01%	-2.00%	1.65%	1.65%
Indxx SuperDividend U.S. Low Volatility Index	-12.09%	-12.09%	8.52%	8.52%	-1.66%	-1.66%	2.21%	2.21%
S&P 500 Index (Gross)	10.14%	10.14%	10.36%	10.36%	11.01%	11.01%	11.18%	11.18%

11

Management Discussion of Fund Performance (unaudited)

Global X SuperDividend^® U.S. ETF

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on March 11, 2013.

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

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

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

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

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

See definition of comparative indices on the previous page.

12

Management Discussion of Fund Performance (unaudited)

Global X S&P 500^® Covered Call ETF

Global X S&P 500^® Covered Call ETF

The Global X S&P 500 Covered Call ETF (“Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500 BuyWrite Index (the “Underlying Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

The Underlying Index is comprised of two parts: (1) all the equity securities in the S&P 500^® Index (the “Reference Index”) in substantially similar weight as the Reference Index; and (2) short (written) call options on up to 100% of the S&P 500^® Index.

For the 12-month period ending October 31, 2023 (the “reporting period”), the Fund increased 6.45%, while the Underlying Index increased 7.27%. The Fund had a net asset value of $40.00 per share on October 31, 2022 and ended the reporting period with a net asset value of $38.18 on October 31, 2023.

During the reporting period, the highest returns came from Meta Platforms Inc. Class-A and Nvidia Corp., which returned 223.39% and 202.32%, respectively. The worst performers were Signature Bank and SVB Financial Group, which returned -99.92% and -99.83%, respectively.

The Fund recorded positive returns during the reporting period as a slower pace of interest rate hikes by the Federal Reserve positively impacted the valuations of the growth-style names held within the Underlying Index. Concurrently, corporate earnings largely met market expectations and quelled concerns over an impending recession and drove investor confidence in U.S. markets, including holdings within the Fund. Market volatility was subdued, on a relative basis, and the Fund’s buy-write strategy contributed to a level of underperformance relative to the Reference Index. Despite the Fund’s inability to participate in the Reference Index’s upward price appreciation, the Fund still managed to generate positive returns during the reporting period due to the premiums produced by its buy-write option strategy.

	AVERAGE ANNUAL TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Three Year Return		Five Year Return		Ten Year Return
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X S&P 500® Covered Call ETF	6.45%	6.50%	7.49%	7.13%	4.50%	4.47%	6.01%	6.52%
Hybrid S&P 500® Stock Covered Call Index/CBOE S&P 500 2% OTM BuyWrite Index/CBOE S&P 500 BuyWrite Index**	7.27%	7.27%	8.30%	8.30%	5.45%	5.45%	6.40%	6.40%
S&P 500® Index	10.14%	10.14%	10.36%	10.36%	11.01%	11.01%	11.18%	11.18%

13

Management Discussion of Fund Performance (unaudited)

Global X S&P 500^® Covered Call ETF

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on June 21, 2013.

** Hybrid Index performance reflects the performance of the S&P 500^® Stock Covered Call Index through September 14, 2017, the CBOE S&P 500 2% OTM BuyWrite Index through August 20, 2020 and the CBOE S&P 500 BuyWrite Index thereafter.

The Fund operated as the Horizons S&P 500^® Covered Call ETF (the “Predecessor Fund”), a series of Horizons ETF Trust I, prior to the Fund’s acquisition of the assets and assumption of the liabilities of the Predecessor Fund on December 24, 2018 (See Note 1 in Notes to Financial Statements).

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

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

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

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

14

Management Discussion of Fund Performance (unaudited)

Global X S&P 500^® Covered Call ETF

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

See definition of comparative indices on the previous page.

15

Management Discussion of Fund Performance (unaudited)

Global X NASDAQ 100^® Covered Call ETF

Global X NASDAQ 100^® Covered Call ETF

The Global X Nasdaq 100^® Covered Call ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the CBOE Nasdaq-100^® BuyWrite V2 Index (the “Underlying Index”). The Fund is passively managed and the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

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

For the 12-month period ending October 31, 2023 (the “reporting period”), the Fund increased 15.91%, while the Underlying Index increased 16.68%. The Fund had a net asset value of $16.15 per share on October 31, 2022 and ended the reporting period with a net asset value of $16.60 on October 31, 2023.

During the reporting period, the highest returns came from Meta Platforms Inc- Class A and Nvidia Corp, which returned 223.39% and 202.32%, respectively. The worst performers were Enphase Energy Inc and Lucid Group Inc, which returned -74.49% and -71.17%, respectively.

During the reporting period, the Fund experienced positive performance as the adoption of new machine learning platforms and advancements in artificial intelligence technology resulted in valuation expansions for technology sector constituents within the Fund. The Fund underperformed its Reference Index during the reporting period since its covered call strategy mitigates the upside potential for options premiums. During the reporting period, the Fund had average stock exposure of 48.60% to the Information Technology sector, 16.14% to the Communication Services sector and 14.43% to the Consumer Discretionary sector.

	AVERAGE ANNUAL TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Three Year Return		Five Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X NASDAQ 100® Covered Call ETF	15.91%	16.05%	5.09%	5.04%	4.93%	4.88%	6.67%	6.66%
Hybrid CBOE NASDAQ-100® BuyWrite Index/CBOE NASDAQ-100® BuyWrite V2 Index**	16.68%	16.68%	5.61%	5.61%	5.94%	5.94%	7.53%	7.53%
NASDAQ 100® Total Return Index	27.45%	27.45	10.12%	10.12%	16.68%	16.68%	16.68%	16.68%

16

Management Discussion of Fund Performance (unaudited)

Global X NASDAQ 100^® Covered Call ETF

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on December 11, 2013.

** Hybrid Index performance reflects the performance of the CBOE NASDAQ-100^® BuyWrite Index through October 14, 2015 and CBOE NASDAQ-100^® BuyWrite V2 Index thereafter.

The Fund operated as the Horizons NASDAQ 100^® Covered Call ETF (the “Predecessor Fund”), a series of Horizons ETF Trust I, prior to the Fund’s acquisition of the assets and assumption of the liabilities of the Predecessor Fund on December 24, 2018 (See Note 1 in Notes to Financial Statements).

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

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

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

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

17

Management Discussion of Fund Performance (unaudited)

Global X NASDAQ 100^® Covered Call ETF

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

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

See definition of comparative indices on the previous page.

18

Management Discussion of Fund Performance (unaudited)

Global X MSCI SuperDividend^® Emerging Markets ETF

Global X MSCI SuperDividend^® Emerging Markets ETF

The Global X MSCI SuperDividend^® Emerging Markets ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Emerging Markets Top 50 Dividend Index (the “Underlying Index”). The Fund is passively managed and the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

The Underlying Index is based on the MSCI Emerging Markets Index, its parent index (the “Parent Index”), which includes large and mid-cap stocks across 23 emerging markets countries. The Underlying Index aims to reflect the performance of 50 securities from the Parent Index, selected by dividend yield that have increased or maintained their dividend per share compared to the previous year or have increased or maintained their payout ratio (defined as dividend per share/earnings per share) if the dividend per share has dropped by up to 10%.

For the 12-month period ended October 31, 2023 (the “reporting period”), the Fund increased 13.77%, while the Underlying Index increased 14.97%. The Fund had a net asset value of $21.36 per share on October 31, 2022 and ended the reporting period with a net asset value of $22.48 on October 31, 2023, following a 1:3 reverse share split on December 19, 2022.

During the reporting period, the highest returns came from Lite-On Technology Corp. and Eastern Co, which returned 128.95% and 122.87%, respectively. The worst performers were Shanghai Lujiazui Fin & Trad-B and Braskem SA-Pref A, which returned -45.22% and -40.01%, respectively.

The Fund experienced a positive return during the reporting period as the reorganization of strategic supply chains supported opportunities for companies in emerging markets. China’s reopening, following the relaxation of COVID-19 restrictions, led to a resurgence in private consumption. Technology holdings in Taiwan experienced positive sentiment, as manufacturers of chips and electronics benefited from a tech-driven rally in the first half of 2023. During the reporting period, exporters from emerging market nations generally benefited from a strengthening dollar and higher oil prices. This positively impacted holdings within the energy sector, particularly global petroleum and oil refiners, which saw increased demand for refining capacity. During the reporting period, the Fund had an average stock exposure of 26.27% in China, 15.10% in Taiwan and 12.55% in Brazil. By sector, it had the highest average exposure to Materials at 30.28%, Financials at 20.86% and Energy at 17.88%.

	AVERAGE ANNUAL TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Three Year Return		Five Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X MSCI SuperDividend® Emerging Markets ETF	13.77%	13.34%	-0.31%	-0.55%	-3.46%	-3.43%	-1.39%	-1.42%
Hybrid INDXX SuperDividend Emerging Markets Index/MSCI Emerging Markets Top 50 Dividend Index	14.97%	14.97%	0.39%	0.39%	-2.64%	-2.64%	-0.34%	-0.34%
MSCI Emerging Markets Index (Net)	10.80%	10.80%	-3.67%	-3.67%	1.59%	1.59%	2.15%	2.15%

19

Management Discussion of Fund Performance (unaudited)

Global X MSCI SuperDividend^® Emerging Markets ETF

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on March 16, 2015.

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

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

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

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

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

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

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

See definition of comparative indices on the previous page.

20

Management Discussion of Fund Performance (unaudited)

Global X SuperDividend^® REIT ETF

Global X SuperDividend^® REIT ETF

The Global X SuperDividend^® REIT ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global SuperDividend^® REIT Index (the “Underlying Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

The Underlying Index tracks the performance of Real Estate Investment Trusts (“REITs”) that rank among the highest yielding REITs globally, as determined by Solactive AG, the provider of the Underlying Index.

For the 12-month period ended October 31, 2023 (the “reporting period”), the Fund decreased 6.97% and the Underlying Index decreased 6.32%. The Fund had a net asset value of $21.65 per share on October 31, 2022 and ended the reporting period with a net asset value of $18.67 on October 31, 2023, following a 1:3 reverse share split on December 19, 2022.

During the reporting period, the highest returns came from AGNC Investment Corp. and Annaly Capital Management, Inc., which returned 47.80% and 30.94%, respectively. The worst performers were Northwest Healthcare Properties and Global Net Lease Inc, which returned -63.31% and -40.61%, respectively.

The Fund generated negative returns over the reporting period as tightening credit conditions, declining demand for commercial office space, and rising interest rates weighed down REIT performance. Increasing financing costs made it difficult for REITs to fund acquisitions and development projects. This led to reduced prospects for growth and negatively impacted the Fund’s constituents. REITs concentrated in long-term care and data center facilities performed well during the reporting period, while holdings concentrated in office space and mortgage investments exhibited negative performance. Furthermore, upward wage pressure and reduced leasing activities adversely impacted the profitability of underlying portfolio companies. During the reporting period, the Fund had an average approximate exposure of 58.68% to the United States and 18.28% to Singapore.

	AVERAGE ANNUAL TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Three Year Return		Five Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X SuperDividend® REIT ETF	-6.97%	-6.46%	0.59%	0.54%	-8.96%	-8.98%	-2.37%	-2.37%
Solactive Global SuperDividend® REIT Index	-6.32%	-6.32%	1.08%	1.08%	-8.59%	-8.59%	-1.85%	-1.85%
S&P 500® Index	10.14%	10.14%	10.36%	10.36%	11.01%	11.01%	10.48%	10.48%

21

Management Discussion of Fund Performance (unaudited)

Global X SuperDividend^® REIT ETF

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on March 16, 2015.

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

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

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

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

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

See definition of comparative indices on the previous page.

22

Management Discussion of Fund Performance (unaudited)

Global X Renewable Energy Producers ETF

Global X Renewable Energy Producers ETF

The Global X Renewable Energy Producers ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Renewable Energy Producers Index (the “Underlying Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

The Underlying Index is designed to provide exposure to publicly traded companies that produce energy from renewable sources including wind, solar, hydroelectric, geothermal, and biofuels (including publicly traded companies that are formed to own operating assets that produce defined cash flows, as defined by Indxx LLC, the provider of the Underlying Index.

For the 12-month period ended October 31, 2023 (the “reporting period”), the Fund decreased 27.93%, while the Underlying Index decreased 27.72%. The Fund had a net asset value of $13.05 per share on October 31, 2022 and ended the reporting period with a net asset value of $9.30 on October 31, 2023.

During the reporting period, the highest returns came from Concord New Energy Goup Ltd and Verbund AG which returned 26.85% and 15.91%, respectively. The worst performers were Enviva Inc and Renova Inc, which returned -93.73% and -67.62%, respectively.

The Fund recorded negative performance over the reporting period, as renewable energy producers saw their performances impacted by higher interest rates, long permitting timelines, and project delays, as well as elevated materials costs throughout the wind and solar power value chains. Within the solar industry developers faced dampened residential and commercial demand in key markets, such as the U.S. and China. Notably, high polysilicon costs translated into higher costs across the entire solar power value chain, impacting demand and leading to project delays. In the U.S., policy uncertainty over tariffs at the federal level and shifting policies for residential solar in California also created headwinds. Wind power project developers faced continued challenges within the supply chain, along with pressures due to elevated project costs and higher interest rates. During the reporting period, the Fund had an average approximate stock exposure of 12.54% in Canada, 11.88% in the United States, 11.60% in Brazil and 10.72% in New Zealand.

	AVERAGE ANNUAL TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Three Year Return		Five Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X Renewable Energy Producers ETF	-27.93%	-28.37%	-13.28%	-13.44%	-2.02%	-1.98%	-2.51%	-2.58%
Hybrid Indxx Renewable Energy Producers Index**	-27.72%	-27.72%	-12.95%	-12.95%	1.59%	1.59%	-2.15%	-2.15%
MSCI ACWI (Net)	10.50%	10.50%	6.68%	6.68%	7.47%	7.47%	6.46%	6.46%

23

Management Discussion of Fund Performance (unaudited)

Global X Renewable Energy Producers ETF

Growth of a $10,000 Investment

(At Net Asset Value)

* Fund commenced operations on May 27, 2015.

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

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

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

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

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

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

24

Management Discussion of Fund Performance (unaudited)

Global X Renewable Energy Producers ETF

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

See definition of comparative indices on the previous page

25

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

Global X S&P 500^® Catholic Values ETF

The Global X S&P 500^® Catholic Values ETF (the “Fund”) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P 500^® Catholic Values Index (the “Underlying Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

The S&P 500^® Catholic Values Index is designed to provide exposure to U.S. equity securities included in the S&P 500^® Index while maintaining alignment with the moral and social teachings of the Catholic Church. The Underlying Index is based on the S&P 500^® Index, and generally comprises approximately 500 or less U.S. listed common stocks. All index constituents are members of the S&P 500^® Index and follow the eligibility criteria for that index. From this starting universe, constituents are screened to exclude companies involved in activities which are perceived to be inconsistent with Catholic values as outlined in the Socially Responsible Investment Guidelines of the United States Conference of Catholic Bishops. The Underlying Index then reweights the remaining constituents so that the Underlying Index’s sector exposures matches the sector exposures of the S&P 500^® Index.

For the 12-month period ended October 31, 2023 (the “reporting period”), the Fund increased 9.22%, while the Underlying Index increased 9.56%. The Fund had a net asset value of $47.19 per share on October 31, 2022 and ended the reporting period with a net asset value of $50.89 on October 31, 2023.

During the reporting period, the highest returns came from Meta Platforms Inc Class-A and Nvidia Corp, which returned 223.39% and 202.32%, respectively. The worst performers were Signature Bank and SVB Financial Group, which returned -99.92% and -99.83%, respectively.

The Fund recorded positive performance over the reporting period as the Federal Reserve’s pace of interest rate hikes slowed due to positive inflation data. Improved market estimates of economic growth resulted in increased stock valuations for companies held by the Fund. Artificial Intelligence and robotics technology enabled additional growth avenues for information technology companies, the largest sector exposure of the Fund. Furthermore, positive inflation adjusted wage growth in the labor market helped the U.S. economy remain resilient. During the reporting period, the Fund had an average approximate sector exposure to Information Technology at 25.76%, Health Care at 14.15% and Financials at 13.38%.

	AVERAGE TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Three Year Return		Five Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X S&P 500® Catholic Values ETF	9.22%	9.20%	9.38%	9.63%	10.36%	10.36%	11.20%	11.20%
S&P 500® Catholic Values Index	9.56%	9.56%	9.68%	9.68%	10.70%	10.70%	11.16%	11.16%
S&P 500® Index	10.14%	10.14%	10.36%	10.36%	11.01%	11.01%	11.66%	11.66%

26

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

Growth of a $10,000 Investment

(At Net Asset Value)

* Fund commenced operations on April 18, 2016.

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

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

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

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

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

See definition of comparative indices on the previous page.

27

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

Global X MSCI SuperDividend^® EAFE ETF

The Global X MSCI SuperDividend^® EAFE ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI EAFE Top 50 Dividend Index (the “Underlying Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

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

For the 12-month period ended October 31, 2023 (the “reporting period”), the Fund increased 14.08%, while the Underlying Index increased 14.21%. The Fund had a net asset value of $11.98 per share on October 31, 2022 and ended the reporting period with a net asset value of $12.76 on October 31, 2023.

During the reporting period, the highest returns came from Swiss RE AG and Kawasaki Kisen Kaisha Ltd, which returned 55.89% and 54.17%, respectively. The worst performers were Aroundtown SA and Xinyi Glass Holdings Ltd, which returned -55.79% and -22.82%, respectively.

The Fund performed positively during the reporting period as developed market central banks signaled potential pauses to interest rate hikes, particularly in the European Union, as weaker growth and cooling labor markets eased inflation tensions. Purchases of long-term Gilts by the Bank of England helped stabilize the United Kingdom’s local currency in response to market dislocations from its budget proposal during the reporting period. Multinational insurance companies domiciled in Europe were positively impacted, spurred by higher investment earnings from elevated interest rates. Japanese holdings within the Fund outperformed regional peers, driven by strong economic data which increased foreign investment inflows. Japanese transport companies within the Fund such as oil tankers, container ships and liquefied natural gas (LNG) carriers, benefited from increased exports related to automobiles and a continued pickup in LNG spot charter rates. During the reporting period, the Fund had the highest average exposure to United Kingdom at 16.18% and Japan at 12.72%. By sector, the Fund had the highest average exposure to Financials at 30.90% and Communication Services at 14.92%.

	AVERAGE TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Three Year Return		Five Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X MSCI SuperDividend® EAFE ETF	14.08%	14.94%	10.14%	10.29%	1.49%	1.52%	3.64%	3.51%
MSCI EAFE Top 50 Dividend Index	14.21%	14.21%	10.64%	10.64%	1.98%	1.98%	4.11%	4.11%
MSCI EAFE Index (Net)	14.40%	14.40%	5.73%	5.73%	4.10%	4.10%	5.34%	5.34%

28

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

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on November 14, 2016.

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

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

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

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

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

See definition of comparative indices on the previous page.

29

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

Global X E-commerce ETF

The Global X E-commerce ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive E-commerce Index (the “Underlying Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

The Underlying Index is designed to provide exposure to exchange-listed companies that are positioned to benefit from the increased adoption of e-commerce as a distribution model, including but not limited to companies whose principal business is in operating e-commerce platforms, providing e-commerce software and services, and/or selling goods and services online (collectively, “E-commerce Companies”), as defined by Solactive AG, the provider of the Underlying Index.

For the 12-month period ended October 31, 2023 (the “reporting period”), the Fund increased 12.13%, while the Underlying Index increased 12.60%. The Fund had a net asset value of $15.14 per share on October 31, 2022 and ended the reporting period with a net asset value of $16.96 on October 31, 2023.

During the reporting period, the highest returns came from Ehealth Inc and Ocado Group Plc, which returned 220.15% and 121.99%, respectively. The worst performers were Qurate Retail Inc Series-A and Liveperson Inc, which returned -81.17% and -75.02%, respectively.

The Fund achieved positive returns during the reporting period, benefitting from the e-commerce landscape’s shift towards an omnichannel business model. This evolution to an omnichannel business model emphasized the necessity of an online presence, even for traditional brick-and-mortar stores. Industry leaders prioritized technological advancements during the reporting period, notably generative artificial intelligence. Given these changes during the reporting period, E-Commerce Companies delivered personalized product recommendations to consumers, simplified listing options for merchants, enhanced cybersecurity on e-commerce platforms, and introduced efficient chatbots for customer interactions. Additionally, advertising became a prominent revenue source for digital marketplace players within the e-commerce domain. Furthermore, e-commerce’s share of total retail sales continued its upward trajectory during the reporting period. During the reporting period, the Fund had an average approximate stock exposure of 49.95% in the United States and 20.01% in China. By sector, it had the highest average sector exposure to Consumer Discretionary at 65.97% and Communication Services at 14.22%.

	AVERAGE TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Three Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X E-Commerce ETF	12.13%	12.27%	-13.71%	-13.75%	2.87%	2.88%
Solactive E-Commerce Index	12.60%	12.60%	-13.37%	-13.37%	3.32%	3.32%
MSCI ACWI (Net)	10.50%	10.50%	6.68%	6.68%	7.71%	7.71%

30

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

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on November 27, 2018.

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

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

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

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

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

See definition of comparative indices above.

31

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

Global X Russell 2000 Covered Call ETF

The Global X Russell 2000 Covered Call ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the CBOE Russell 2000 BuyWrite Index (“Underlying Index”). The Fund is passively managed and the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

The Underlying Index measures the performance of a theoretical portfolio that holds a portfolio of stocks included in the Russell 2000 Index (the “Reference Index”), and “writes” (or sells) a succession of one-month at-the-money covered call options on the Reference Index. The written covered call options on the Reference Index are held until expiration. The Reference Index is an equity benchmark which measures the performance of the small-capitalization sector of the U.S. equity market, as defined by FTSE Russell, the provider of the Reference Index.

For the 12-month period ending October 31, 2023 (the “reporting period”), the Fund decreased 7.18%, while the Underlying Index decreased 6.92%. The Fund had a net asset value of $19.55 per share on October 31, 2022 and ended the reporting period with a net asset value of $16.10 on October 31, 2023.

During the reporting period, the highest returns came from Reata Pharmaceuticals, Inc. Class A and Prometheus Biosciences Inc, which returned 435.28% and 280.65%, respectively. The worst performers were Babylon Holdings Ltd Class A and Avaya Holdings Corp., which returned -100.00% and -99.97%, respectively.

During the reporting period, the Fund underperformed due to the U.S. regional banking crisis, which hampered the credit and financial position of small businesses. Additionally, high interest rate levels increased borrowing costs and weakened the balance sheets of smaller companies. Investor sentiment decreased as a lack of liquidity raised the chances of borrower default. During the reporting period, the Fund’s options-writing strategy led it to outperform its Reference Index as a result of the premiums received. By sector, the Fund had the highest average exposure to Financials at 11.63% and Industrials at 11.48%.

	AVERAGE ANNUAL TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Three Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X Russell 2000 Covered Call ETF	-7.18%	-7.39%	4.21%	4.14%	1.90%	1.86%
CBOE Russell 2000 BuyWrite Index	-6.92%	-6.92%	4.72%	4.72%	2.65%	2.65%
Russell 2000 Index	-8.56%	-8.56%	3.95%	3.95%	2.65%	2.65%

32

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

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on April 17, 2019.

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

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

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

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

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

33

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

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

The Global X S&P Catholic Values Developed ex-U.S. ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Developed Ex-U.S. Catholic Values Index (the “Underlying Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

The Underlying Index is designed to provide exposure to developed market equity securities outside of the U.S. while maintaining alignment with the moral and social teachings of the Catholic Church. The Underlying Index is based on the S&P EPAC ex-Korea Large Cap Index, a benchmark index that provides exposure to the large capitalization segment of developed markets within the Europe and Asia Pacific regions, excluding Korea. The S&P EPAC ex-Korea Large Cap Index does not target any specific sector exposure. All index constituents are members of the S&P EPAC ex-Korea Large Cap Index and follow the eligibility criteria for that index. From this starting universe, constituents are screened to exclude companies involved in activities which are perceived to be inconsistent with Catholic values as outlined in the Socially Responsible Investment Guidelines of the United States Conference of Catholic Bishops. The Underlying Index then reweights the remaining constituents so that the Underlying Index’s sector exposures match the current sector exposures of the S&P EPAC ex-Korea Large Cap Index.

For the 12-month period ended October 31, 2023 (the “reporting period”), the Fund increased 13.45%, while the Underlying Index increased 13.69%. The Fund had a net asset value of $23.30 per share on October 31, 2022 and ended the reporting period with a net asset value of $25.87 on October 31, 2023.

During the reporting period, the highest returns came from Disco Corp and UniCredit SPA, which returned 119.41% and 111.89%, respectively. The worst performers were Embracer Group AB Class-B and China Evergrande New Energy Vehicle Group Ltd., which returned -66.79% and -66.48%, respectively.

The Fund performed positively during the reporting period as higher exports and lower energy prices drove the performance of developed market equities. Japanese equities within the Fund experienced positive investor sentiment driven by share buybacks and improved economic data within the country. Furthermore, Japanese exports increased from a weakened yen. Fund holdings in the Consumer Discretionary sector were positively impacted by rising consumer confidence as a result of easing inflation, strong wage growth, and low unemployment. Securities of European banks held by the Fund benefited from elevated interest rates in the European Union and United Kingdom resulting in higher net interest income during the reporting period. During the reporting period, the Fund had an average approximate stock exposure of 26.65% in Japan, 12.03% in France and 10.85% in Australia. By sector, it had the highest exposure to Financials at 18.57%, Industrials at 14.35% and Health Care at 14.22%.

34

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

	AVERAGE ANNUAL TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Three Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X S&P Catholic Values Developed ex-U.S. ETF	13.45%	14.46%	3.90%	4.34%	3.39%	3.74%
S&P Developed ex-U.S. Catholic Values Index	13.69%	13.69%	4.20%	4.20%	3.68%	3.68%
MSCI EAFE Index (Net)	14.40%	14.40%	5.73%	5.73%	4.95%	4.95%

Growth of a $10,000 Investment

(At Net Asset Value)

* Fund commenced operations on June 22, 2020.

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

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

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

35

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

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

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

See definition of comparative indices on the previous page.

36

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

Global X Nasdaq 100^® Covered Call & Growth ETF

The Global X NASDAQ 100^® Covered Call & Growth ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe NASDAQ-100^® Half BuyWrite V2 Index (the “Underlying Index”). The Fund is passively managed and the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

The Underlying Index is a benchmark index that measures the performance of a theoretical portfolio that owns the portfolio of stocks included in the NASDAQ-100^® Index (the “Reference Index”), and “writes” (or sells) corresponding call options on approximately 50% of the value of the portfolio of stocks in the Reference Index.

For the 12-month period ending October 31, 2023 (the “reporting period”), the Fund increased 21.43% and the Underlying Index increased 22.23%. The Fund had a net asset value of $22.80 per share on October 31, 2022 and ended the reporting period with a net asset value of $26.07 on October 31, 2023.

During the reporting period, the highest returns came from Meta Platforms Inc Class-A and Nvidia Corp, which returned 223.39% and 202.32%, respectively. The worst performers were Enphase Energy Inc and Lucid Group Inc, which returned -74.49% and -71.17%, respectively.

The Fund produced a positive total return over the course of the reporting period. Inflationary data that underscored softer pricing represented a market catalyst and positive earnings performances, increasing investor sentiment for holdings within the Fund. Advancements made within generative artificial intelligence (AI), positively impacted valuations of Fund holdings. Furthermore, semiconductor-related companies whose businesses provided the necessary hardware for the continued increase in spending for AI computing power were positively impacted from an increase in demand. During the reporting period, the Fund had an average approximate stock exposure of 48.69% in the Information Technology sector, 16.18% in Communication Services sector and 14.45% in Consumer Discretionary sector.

	AVERAGE ANNUAL TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Three Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X Nasdaq 100® Covered Call & Growth ETF	21.43%	21.07%	7.38%	7.46%	7.23%	7.19%
CBOE NASDAQ-100 Half BuyWrite V2 Index	22.23%	22.23%	8.06%	8.06%	7.87%	7.87%
NASDAQ-100® Index	27.45%	27.45%	10.12%	10.12%	10.11%	10.11%

37

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

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on September 18, 2020.

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

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

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

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

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

See definition of comparative indices on the previous page.

38

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

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

The Global X S&P 500^® Covered Call & Growth ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the CBOE S&P 500^® Half BuyWrite Index (the “Underlying Index”). The Fund is passively managed and the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

The Underlying Index is a benchmark index that measures the performance of a theoretical portfolio that owns the portfolio of stocks included in the S&P 500^® Index (the “Reference Index”), and “writes” (or sells) corresponding call options on approximately 50% of the value of the portfolio of stocks in the Reference Index.

For the 12-month period ending October 31, 2023 (the “reporting period”), the Fund increased 8.01%, while the Underlying Index increased 8.80%. The Fund had a net asset value of $25.47 per share on October 31, 2022 and ended the reporting period with a net asset value of $26.07 on October 31, 2023.

During the reporting period, the highest returns came from Meta Platforms Inc-Class A and Nvidia Corp, which returned 223.39% and 202.32%, respectively. The worst performers were Signature Bank and SVB Financial Group, which returned -99.92% and -99.83%, respectively.

During the reporting period, the Fund generated positive returns as corporate earnings met market expectations and softening levels of inflation contributed to improving investor sentiment towards holdings within the Fund. A slowing of interest rate hikes by the U.S. Federal Reserve further ushered in a positive outlook for many of the Fund’s top constituents. The Fund’s 50% covered call writing strategy allowed the Fund to participate in some of the Reference Index’s upside, while also generating supplemental option premiums. In environments such as this, the Fund’s options-writing strategy has the potential to cede a measure of upside participation relative to its Reference Index. However, it does so in exchange for these premiums, which may help support the Fund’s performance during stagnant or declining markets. During the reporting period, the Fund had an approximate average sector exposure of 25.74% to Information Technology, 14.19% to Health Care, and 13.29% to Financials.

	AVERAGE ANNUAL TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Three Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X S&P 500® Covered Call & Growth ETF	8.01%	7.84%	8.44%	8.52%	7.55%	7.50%
CBOE S&P 500 Half BuyWrite Index	8.80%	8.80%	9.45%	9.45%	8.39%	8.39%
S&P 500® Index	10.14%	10.14%	10.36%	10.36%	9.47%	9.47%

39

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

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on September 18, 2020.

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

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

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

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

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

See definition of comparative indices above.

40

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

Global X Emerging Markets Internet & E-commerce ETF

The Global X Emerging Markets Internet & E-commerce ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Nasdaq CTA Emerging Markets Internet & E-commerce Net Total Return Index (the “Underlying Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

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

For the 12-month period ended October 31, 2023 (the “reporting period”), the Fund increased 22.28%, while the Underlying Index increased 23.19%. The Fund had a net asset value of $16.38 per share on October 31, 2022 and ended the reporting period with a net asset value of $19.97 on October 31, 2023, following a 1:3 reverse share split on December 19, 2022.

During the reporting period, the highest returns came from iQIYI Inc-ADR and Vipshop Holdings Ltd-ADR, which returned 130.69% and 104.59%, respectively. The worst performers were Magazine Luiza SA and PT GoTo Gojek Tokopedia Tbk, which returned -69.04% and -50.03%, respectively.

The Fund recorded positive returns during the reporting period as better-than-expected economic performance, a gradual decline in headline inflation in emerging markets, and China’s reopening post-COVID-19 lockdowns supported market sentiment. Supportive government policies towards innovation and the expansion of digital services in local markets weighed positively, as well. Furthermore, the Chinese e-Commerce market continued to grow, supported by the rise in consumer preference for online shopping, improved payment infrastructure, and proliferation of payment tools. Lastly, the increased popularity of social commerce and livestream shopping attracted investor attention. During the reporting period, the Fund had an average approximate stock exposure of 62.9% in China. By sector, it had the highest average exposure to Consumer Discretionary at 54.04% and Communication Services at 34.46%.

41

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

	AVERAGE TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X Emerging Markets Internet & E-commerce ETF	22.28%	22.65%	-23.36%	-23.15%
NASDAQ CTA Emerging Markets Internet & E-commerce Net Total Return Index	23.19%	23.19%	-22.90%	-22.90%
MSCI Emerging Markets Index (Net)	10.80%	10.80%	-6.18%	-6.18%

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on November 9, 2020.

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

The performance data quoted herein represents past performance and the return and value of an investment in the Fund will fluctuate so that, when redeemed, it may be worth less than its original cost. Past performance is no guarantee of future performance and should not be considered as a representation of the future results of the Fund. The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Index returns assume reinvestment of dividends and, unlike the Fund’s returns, do not reflect any fees or expenses. If such fees and expenses were included in the index returns, the performance would

42

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

have been lower. Please note that one cannot invest directly in an unmanaged index. Performance figures for the periods shown may reflect contractual fee waivers and/or expense reimbursements. In the absence of fee waiver sand/or expense reimbursements (if applicable), returns would have been lower.

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

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

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

See definition of comparative indices above.

43

 

Management Discussion of Fund Performance (unaudited)

Global X NASDAQ 100^® Tail Risk ETF

Global X NASDAQ 100^® Tail Risk ETF

The Global X Nasdaq 100^® Tail Risk ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Nasdaq-100 Quarterly Protective Put 90 Index (the “Underlying Index”). The Fund is passively managed and the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

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

For the 12-month period ending October 31, 2023 (the “reporting period”), the Fund increased 19.42%, while the Underlying Index increased 19.41%. The Fund had a net asset value of $19.08 per share on October 31, 2022 and ended the reporting period with a net asset value of $22.71 on October 31, 2023.

During the reporting period, the highest returns came from Meta Platforms Inc Class-A and Nvidia Corp, which returned 223.39% and 202.32%, respectively. The worst performers were Enphase Energy Inc and Lucid Group Inc, which returned -74.49% and -71.17%, respectively.

The Fund performed positively during the reporting period on account of higher valuations, increased consumer spending, and positive real wage growth. Furthermore, investors’ focus on companies showcasing real-world applications of artificial intelligence drove growth prospects for software equities in the Fund. During the reporting period, the Fund had an average approximate stock exposure of 48.46% in the Information Technology sector, 16.10% in the Communication Services sector and 14.35% in Consumer Discretionary sector.

	AVERAGE ANNUAL TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X NASDAQ 100® Tail Risk ETF	19.42%	19.11%	-3.49%	-3.49%
NASDAQ 100 Quarterly Protective Put 90 Index	19.41%	19.41%	-3.02%	-3.02%
NASDAQ-100® Index	27.45%	27.45%	-2.12%	-2.12%

44

 

Management Discussion of Fund Performance (unaudited)

Global X NASDAQ 100^® Tail Risk ETF

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on August 25, 2021.

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

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

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

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

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

See definition of comparative indices above.

45

 

Management Discussion of Fund Performance (unaudited)

Global X NASDAQ 100^® Risk Managed Income ETF

Global X NASDAQ 100^® Risk Managed Income ETF

The Global X Nasdaq 100^® Risk Managed Income ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Nasdaq-100^® Monthly Net Credit Collar 95-100 Index (the “Underlying Index”). The Fund is passively managed and the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

The Underlying Index measures the performance of a risk managed income strategy that holds the underlying stocks of the NASDAQ 100^® Index (the “Reference Index”) and applies an options collar strategy consisting of a mix of short (sold) call options and long (purchased) put options on the Reference Index. The Underlying Index specifically reflects the performance of the component securities of the Reference Index, combined with a long position in the 5% out-of-the-money (“OTM”) put options and a short position in at-the-money (“ATM”) call options, each corresponding to the value of the portfolio of stocks in the Reference Index. The options collar seeks to generate a net-credit, meaning that the premium received from the sale of the call options will be greater than the premium paid when buying the put options.

For the 12-month period ending October 31, 2023 (the “reporting period”), the Fund increased 3.42%, while the Underlying Index increased 3.60%. The Fund had a net asset value of $18.17 per share on October 31, 2022 and ended the reporting period with a net asset value of $16.64 on October 31, 2023.

During the reporting period, the highest returns came from Meta Platforms Inc Class-A and Nvidia Corp., which returned 223.39% and 202.32%, respectively. The worst performers were Enphase Energy Inc. and Lucid Group Inc., which returned -74.49% and -71.17%, respectively.

During the reporting period, new investment opportunities within the artificial intelligence space positively supported the Fund’s performance. Workforce reductions, paired with increasing cash flows amongst the Fund’s largest technology sector holdings, led to a decrease in costs and an improvement in margins during the reporting period. By sector, the Fund had the highest average exposure to Information Technology at 48.59%, Communication Services at 16.14% and Consumer Discretionary at 14.43%.

	AVERAGE ANNUAL TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X NASDAQ 100® Risk Managed Income ETF	3.42%	3.11%	-7.17%	-7.25%
NASDAQ 100 Monthly Net Credit Collar 95-100 Index	3.60%	3.60%	-7.22%	-7.22%
NASDAQ-100® Index	27.45%	27.45%	-2.12%	-2.12%

46

 

Management Discussion of Fund Performance (unaudited)

Global X NASDAQ 100^® Risk Managed Income ETF

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on August 25, 2021.

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

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

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

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

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

See definition of comparative indices on the previous page.

47

 

Management Discussion of Fund Performance (unaudited)

Global X NASDAQ 100^® Collar 95-110 ETF

Global X NASDAQ 100^® Collar 95-110 ETF

The Global X Nasdaq 100^® Collar 95-110 ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Nasdaq-100^® Quarterly Collar 95-110 Index (the “Underlying Index”). The Fund is passively managed and the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

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

For the 12-month period ending October 31, 2023 (the “reporting period”), the Fund increased 7.01% and the Underlying Index increased 6.86%. The Fund had a net asset value of $22.00 per share on October 31, 2022 and ended the reporting period with a net asset value of $23.47 on October 31, 2023.

During the reporting period, the highest returns came from Meta Platforms Inc Class-A and Nvidia Corp, which returned 223.39% and 202.32%, respectively. The worst performers were Enphase Energy Inc. and Lucid Group Inc., which returned -74.49% and -71.17%, respectively.

During the reporting period, evolving artificial intelligence capabilities bolstered investor sentiment in the technology sector and resulted in positive performance for the Fund and its holdings. Furthermore, the Federal Reserve’s pace of interest rate hikes slowed during the reporting period relative to that of the previous reporting period, which increased investor sentiment towards information technology and communication services sector holdings within the Fund. During the reporting period, by sector, the Fund retained its highest average exposures to Information Technology at 48.3%, Communication Services at 16.04% and Consumer Discretionary at 14.33%.

	AVERAGE ANNUAL TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X NASDAQ 100® Collar 95-110 ETF	7.01%	7.11%	-2.43%	-2.47%
NASDAQ -100 Quarterly Collar 95-110 Index	6.86%	6.86%	-1.97%	-1.97%
NASDAQ-100® Index	27.45%	27.45%	-2.12%	-2.12%

48

 

Management Discussion of Fund Performance (unaudited)

Global X NASDAQ 100^® Collar 95-110 ETF

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on August 25, 2021.

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

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

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

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

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

See definition of comparative indices above.

49

 

Management Discussion of Fund Performance (unaudited)

Global X S&P 500^® Tail Risk ETF

Global X S&P 500^® Tail Risk ETF

The Global X S&P 500^® Tail Risk ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500^® Tail Risk Index (the “Underlying Index”). The Fund is passively managed and the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

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

For the 12-month period ending October 31, 2023 (the “reporting period”), the Fund increased 5.51%, while the Underlying Index increased 6.06%. The Fund had a net asset value of $23.21 per share on October 31, 2022 and ended the reporting period with a net asset value of $24.23 on October 31, 2023.

During the reporting period, the highest returns came from Meta Platforms Inc. Class-A and Nvidia Corp, which returned 223.39% and 202.32%, respectively. The worst performers were Signature Bank and SVB Financial Group, which returned -99.92% and -99.83%, respectively.

During the reporting period, the Fund recorded a positive return as revised market estimates of economic growth boosted investor confidence. Softening inflation data and the Federal Reserve’s slower pace of interest rate hikes positively impacted the performance of growth style companies held within the Fund. Artificial Intelligence and robotics technology supported additional growth avenues for technology sector constituents leading to optimistic sentiment amongst investors. Furthermore, positive inflation-adjusted wage growth in the labor market helped the U.S. economy remain resilient, and positively impacted U.S. consumer confidence, thus benefitting the Fund. During the reporting period, the Fund retained its highest average sector exposures to Information Technology at 25.68%, Health Care at 14.21% and Financials at 13.26%.

	AVERAGE ANNUAL TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X S&P 500® Tail Risk ETF	5.51%	5.37%	-3.72%	-3.74%
Cboe S&P 500® Tail Risk Index	6.06%	6.06%	-3.11%	-3.11%
S&P 500® Index	10.14%	10.14%	-1.60%	-1.60%

50

 

Management Discussion of Fund Performance (unaudited)

Global X S&P 500^® Tail Risk ETF

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on August 25, 2021.

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

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

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

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

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

See definition of comparative indices above.

51

 

Management Discussion of Fund Performance (unaudited)

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

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

The Global X S&P 500 Risk Managed Income ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500 Risk Managed Income Index (the “Underlying Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

The Underlying Index measures the performance of a risk managed income strategy that holds the underlying stocks of the S&P 500^® Index (the “Reference Index”) and applies an options collar strategy which is a mix of short (sold) call options and long (purchased) put options on the Reference Index. The Underlying Index specifically reflects the performance of the component securities of the Reference Index, combined with a long position in the 5% out-of-the-money (“OTM”) put options and a short position in at-the-money (“ATM”) call options, each corresponding to the value of the portfolio of stocks in the Reference Index. The options collar seeks to generate a net-credit, meaning that the premium received from the sale of the call options will be greater than the premium paid when buying the put options.

For the 12-month period ended October 31, 2023 (the “reporting period”), the Fund decreased 0.61%, while the Underlying Index increased 0.16%. The Fund had a net asset value of $21.05 per share on October 31, 2022 and ended the reporting period with a net asset value of $18.56 on October 31, 2023.

During the reporting period, the highest returns came from Meta Platforms Inc Class-A and Nvidia Corp, which returned 223.39% and 202.32%, respectively. The worst performers were Signature Bank and SVB Financial Group, which returned -99.92% and -99.83%, respectively.

During the reporting period, subdued market volatility had an impact on the performance of the Fund. The Fund experienced a modestly negative return during the reporting period, underperforming its Reference Index. The Fund’s methodical net credit collar implementation lowered the Fund’s ability to retain upside participation during most of the reporting period. A steep downturn in the Fund’s holdings towards the end of the reporting period was only partially thwarted by the Fund’s put option protection. During the reporting period, the Fund had an average approximate sector exposure to Information Technology of 25.65%, Health Care at 14.15%, and Financials at 13.26%.

	AVERAGE ANNUAL TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X S&P 500® Risk Managed Income ETF	-0.61%	-0.31%	-5.46%	-5.37%
Cboe S&P 500® Risk Managed Income Index	0.16%	0.16%	-4.93%	-4.93%
S&P 500® Index	10.14%	10.14%	-1.60%	-1.60%

52

 

Management Discussion of Fund Performance (unaudited)

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

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on August 25, 2021.

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

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

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

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

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

See definition of comparative indices on the previous page.

53

 

Management Discussion of Fund Performance (unaudited)

Global X S&P 500^® Collar 95-110 ETF

Global X S&P 500^® Collar 95-110 ETF

The Global X S&P 500^® Collar 95-110 ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500^® 3-Month Collar 95-110 Index (the “Underlying Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

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

For the 12-month period ending October 31, 2023 (the “reporting period”), the Fund increased 2.20%, while the Underlying Index increased 2.79%. The Fund had a net asset value of $24.47 per share on October 31, 2022 and ended the reporting period with a net asset value of $24.68 on October 31, 2023.

During the reporting period, the highest returns came from Meta Platforms Inc Class-A and Nvidia Corp, which returned 223.39% and 202.32%, respectively. The worst performers were Signature Bank and SVB Financial Group, which returned -99.92% and -99.83%, respectively.

During the reporting period, better-than-expected corporate earnings in the U.S., spurred by softening inflation and resilient jobs data, weighed positively on holdings within the Fund. Concurrently, domestic equity markets derived optimism from the slowing pace of interest rate hikes being taken by the U.S. Federal Reserve. This environment promoted positive returns for the Fund, which had its largest average sector exposures within Information Technology at 25.59%, Health Care at 14.10% and Financials at 13.20%, during the reporting period.

	AVERAGE ANNUAL TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X S&P 500® Collar 95-110 ETF	2.20%	2.07%	-2.99%	-3.03%
Cboe S&P 500® 3-Month Collar 95-110 Index	2.79%	2.79%	-2.54%	-2.54%
S&P 500® Index	10.14%	10.14%	-1.60%	-1.60%

54

 

Management Discussion of Fund Performance (unaudited)

Global X S&P 500^® Collar 95-110 ETF

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on August 25, 2021.

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

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

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

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

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

See definition of comparative indices above.

55

 

Management Discussion of Fund Performance (unaudited)

Global X Disruptive Materials ETF

Global X Disruptive Materials ETF

The Global X Disruptive Materials ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Disruptive Materials Index (the “Underlying Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

The Underlying Index is designed to provide exposure to companies that produce metals and other raw or composite materials that have been identified as being essential to disruptive technologies such as lithium batteries, solar panels, wind turbines, fuel cells, robotics, and 3D printers. Each material has been determined by Solactive AG, the provider of the Underlying Index (the “Index Provider”) to be instrumental to the development and materialization of one or more disruptive technologies. Disruptive technologies refer to those technologies that are essential to the development and materialization of long-term, structural changes to existing products, services, industries, or sectors. Specifically, the Underlying Index will include securities issued by “Disruptive Materials Companies” as defined by the Index Provider.

For the 12-month period ended October 31, 2023 (the “reporting period”), the Fund decreased 19.96%, while the Underlying Index decreased 19.66%. The Fund had a net asset value of $18.07 per share on October 31, 2022 and ended the reporting period with a net asset value of $14.23 on October 31, 2023.

During the reporting period, the highest returns came from China Nonferrous Mining Corp. Ltd. and Southern Copper Corporation, which returned 77.19% and 58.23%, respectively. The worst performers were Jervois Global Ltd and Syrah Resources Ltd, which returned -93.20% and -72.45%, respectively.

The Fund generated negative returns during the reporting period as the performances of many disruptive materials producers were negatively impacted by dampened demand and higher supply levels amid global macroeconomic headwinds. In particular, prices for key battery materials such as lithium, graphite, cobalt, and nickel saw declines over the reporting period. These prices were primarily impacted by weakened demand and bearish sentiment due to the Chinese economy and the potential for resulting weakened demand for electric vehicles (EVs) and EV batteries. Furthermore, platinum miners continued to face short-term headwinds with a challenging operating environment due to South Africa’s energy crisis, as well as elevated production costs and lower platinum prices. During the reporting period, the Fund had an average approximate stock exposure of 27.62% in China and 19.14% in the United States.

	AVERAGE ANNUAL TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X Disruptive Materials ETF	-19.96%	-19.47%	-23.95%	-23.92%
Solactive Disruptive Materials Index	-19.66%	-19.66%	-23.64%	-23.64%
MSCI ACWI (Net)	10.50%	10.50%	-4.04%	-4.04%

56

 

Management Discussion of Fund Performance (unaudited)

Global X Disruptive Materials ETF

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on January 24, 2022.

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

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

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

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

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

See definition of comparative indices above.

57

 

Management Discussion of Fund Performance (unaudited)

Global X Dow 30^® Covered Call ETF

Global X Dow 30^® Covered Call ETF

The Global X Dow 30^® Covered Call ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the DJIA Cboe BuyWrite v2 Index (the “Underlying Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

The Underlying Index measures the performance of a covered call strategy that holds a theoretical portfolio of the underlying stocks of the Dow Jones Industrial Average^® (the “Reference Index”) and “writes” (or sells) a succession of one-month at-the-money (“ATM”) covered call options on the Reference Index. The Underlying Index specifically reflects the performance of the component securities of the Reference Index, combined with written (sold) ATM call options corresponding to the value of the portfolio of stocks in the Reference Index.

For the 12-month period ending October 31, 2023 (the “reporting period”), the Fund increased 3.30%, while the Underlying Index increased 4.27%. The Fund had a net asset value of $21.89 per share on October 31, 2022 and it ended the reporting period with a net asset value of $20.89 on October 31, 2023.

During the reporting period, the highest returns came from Microsoft Corp and Intel Corp, which returned 47.06% and 32.70%, respectively. The worst performers were Walgreens Boots Alliance Inc and 3M Co, which returned -38.80% and -23.63%, respectively.

During the reporting period, the Fund recorded positive returns as a product of supportive data regarding the U.S. economy. Positive corporate earnings results, softening levels of inflation, and high consumer confidence positively impacted holdings within the Fund. Despite the Reference Index experiencing mostly muted levels of volatility, the Fund was still able to deliver modest outperformance relative to the Reference Index over the course of the reporting period. This outperformance was driven by the premiums received from the Fund’s covered call writing strategy. During the reporting period, the Fund had the highest average sector exposure to Financials at 20.33%, Health Care at 19.96% and Information Technology at 16.81%.

	AVERAGE TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X Dow 30® Covered Call ETF	3.30%	4.53%	0.26%	1.12%
DJIA Cboe BuyWrite v2 Index	4.27%	4.27%	1.30%	1.30%
DJIA Index	3.17%	3.17%	1.97%	1.97%

58

 

Management Discussion of Fund Performance (unaudited)

Global X Dow 30^® Covered Call ETF

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on February 23, 2022.

The Dow Jones Industrial Average^®, Dow Jones, or simply the Dow, is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the oldest and most commonly followed equity indexes.

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

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

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

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

See definition of comparative indices above.

59

 

Management Discussion of Fund Performance (unaudited)

Russell 2000 Covered Call & Growth ETF

Global X Russell 2000 Covered Call & Growth ETF

The Global X Russell 2000 Covered Call & Growth ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe Russell 2000 Half BuyWrite Index (the “Underlying Index”). The Fund is passively managed and the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

The Underlying Index measures the performance of a covered call strategy that holds a theoretical portfolio of the underlying stocks of the Russell 2000 Index (the “Reference Index”) and “writes” (or sells) a succession of one-month at-the-money covered call options on the Reference Index. The written covered call options on the Reference Index correspond to approximately 50% of the value of the portfolio of stocks in the Reference Index.

For the 12-month period ended October 31, 2022 (the “reporting period”), the Fund decreased 8.16%, while the Underlying Index decreased 7.66%. The Fund had a net asset value of $26.58 per share on October 31, 2022 and ended the reporting period with a net asset value of $22.38 on October 31, 2023.

During the reporting period, the Vanguard Russell 2000 ETF, the only equity holding of the Fund, returned -8.60%.

During the reporting period, holdings within the Fund experienced a sell-off as a product of rising interest rates and the fallout of the regional banking crisis. Thus, the Reference Index’s decline negatively impacted the performance of the Fund. Furthermore, performance was also deterred by biotechnology companies within the Fund as merger and acquisition activities remained stifled during the reporting period. When the market was volatile, the Fund collected elevated levels of option premiums, offsetting a portion of its negative equity performance. This led to the Fund’s outperformance of its Reference Index during the reporting period.

	AVERAGE TOTAL RETURN FOR THE YEAR ENDED OCTOBER 31, 2023
	One Year Return		Annualized Inception to Date*
	Net Asset Value	Market Price	Net Asset Value	Market Price
Global X Russell 2000 Covered Call & Growth ETF	-8.16%	-8.07%	-4.92%	-4.77%
Cboe Russell 2000 Half BuyWrite Index	-7.66%	-7.66%	-4.58%	-4.58%
Russell 2000 Index	-8.56%	-8.56%	-4.53%	-4.53%

60

 

Management Discussion of Fund Performance (unaudited)

Russell 2000 Covered Call & Growth ETF

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on October 4, 2022.

The Russell 2000 Index is a U.S. small-cap stock market index of the bottom 2,000 stocks in the Russell 3000 Index. The index is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group.

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

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

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

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

See definition of comparative indices above.

61

 

Management Discussion of Fund Performance (unaudited)

Global X Financials Covered Call & Growth ETF

Global X Financials Covered Call & Growth ETF

The Global X Financials Covered Call & Growth ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P Financial Select Sector Half BuyWrite Index (the “Underlying Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

The Underlying Index measures the performance of a partially covered call strategy that holds a theoretical portfolio of the underlying securities of the Financial Select Sector Index (the “Reference Index”). The Index “writes” (or sells) a succession of one-month at-the-money covered call options on the Financial Select Sector SPDR Fund (the “Reference Fund”), or such other fund that seeks to track the performance of the Reference Index, as determined by Cboe. The call options correspond to approximately 50% of the value of the securities in the Reference Index, thereby representing a partially covered call strategy.

From the inception of the Fund to the period ending October 31, 2023 (the “reporting period”), the Fund decreased 5.40% and the Underlying Index decreased 4.31%. The Fund had a net asset value of $24.88 per share on November 21, 2022 and ended the reporting period with a net asset value of $22.30 on October 31, 2023.

During the reporting period, the highest returns came from Arch Capital Group Ltd. and Cboe Global markets Inc., which returned 51.64% and 34.19%, respectively. The worst performers were Signature Bank and First Republic Bank, which returned -99.82% and -99.73%, respectively.

Since its inception, the Fund has recorded negative returns as a product of banking sector volatility stemming from elevated interest rates. The U.S. regional banking crisis and its aftermath had a negative impact on investor confidence within the financial sector. These negative catalysts came in conjunction with higher loan charge-offs, which resulted in decreased equity valuations within the banking sector over the course of the reporting period. Financial company performance was also impaired by higher deposit funding costs due to higher short-term interest rates. A level of the downside performance associated with the Fund’s underlying equity positions was partially offset by premiums received from its covered call strategy.

	AVERAGE TOTAL RETURN FOR THE PERIOD ENDED OCTOBER 31, 2023
	Cumulative Inception to Date*
	Net Asset Value	Market Price
Global X Financials Covered Call & Growth ETF	-5.40%	-5.49%
Cboe S&P Financials Select Sector Half BuyWrite Index	-4.31%	-4.31%
Financial Select Sector Index	-6.91%	-6.91%

62

 

Management Discussion of Fund Performance (unaudited)

Global X Financials Covered Call & Growth ETF

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on November 21, 2022.

The Financial Select Sector Index is a modified market capitalization weighted index containing the securities of the S&P 500^® Index that are classified within the financials sector under the Global Industry Classification System (“GICS”), including securities of companies from the following industries: diversified financial services; insurance; banks; capital markets; mortgage real estate investment trusts (“REITs”); consumer finance; and thrifts and mortgage finance.

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

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

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

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

See definition of comparative indices above.

63

 

Management Discussion of Fund Performance (unaudited)

Global X Health Care Covered Call & Growth ETF

Global X Health Care Covered Call & Growth ETF

The Global X Health Care Covered Call & Growth ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P Health Care Select Sector Half BuyWrite Index (the “Underlying Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

The Underlying Index measures the performance of a partially covered call strategy that holds a theoretical portfolio of the underlying securities of the Health Care Select Sector Index (the “Reference Index”). The Index “writes” (or sells) a succession of one-month at-the-money covered call options on the Health Care Select Sector SPDR Fund (the “Reference Fund”), or such other fund that seeks to track the performance of the Reference Index, as determined by Cboe. The call options correspond to approximately 50% of the value of the securities in the Reference Index, thereby representing a partially covered call strategy.

From the Fund’s inception through the period ending October 31, 2023 (the “reporting period”), the Fund decreased 2.05%, while the Underlying Index decreased 2.26%. The Fund had a net asset value of $25.06 per share on November 21, 2022 and ended the reporting period with a net asset value of $23.42 on October 31, 2023.

During the reporting period, the highest returns came from Eli Lilly and Co and West Pharmaceutical Services, which returned 54.59% and 41.56%, respectively. The worst performers were Insulet Corp and Moderna Inc, which returned -57.61% and -57.02%, respectively.

Since its inception, the Fund recorded a negative return as a result of economic instability across the broader health care sector. Contracting operating margins, declining patient volumes, and pressured payer relationships impacted performance and, consequently, the Fund’s underlying holdings. Inflationary pressures increased the cost of drugs, equipment, and supplies, dampening investor sentiment over the course of the reporting period, including towards the U.S. health care sector. A level of the downside performance associated with the Fund’s underlying equity positions was partially offset by premiums received from its covered call strategy.

	AVERAGE TOTAL RETURN FOR THE PERIOD ENDED OCTOBER 31, 2023
	Cumulative Inception to Date*
	Net Asset Value	Market Price
Global X Health Care Covered Call & Growth ETF	-2.05%	-1.97%
Cboe S&P Health Care Select Sector Half BuyWrite Index	-2.26%	-2.26%
Health Care Select Sector Index	-5.91%	-5.91%

64

 

Management Discussion of Fund Performance (unaudited)

Global X Health Care Covered Call & Growth ETF

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on November 21, 2022.

The Health Care Select Sector Index is a modified market capitalization weighted index containing the securities of the S&P 500^® Index that are classified within the health care sector under the Global Industry Classification System (“GICS”), including securities of companies from the following industries: pharmaceuticals; health care equipment and supplies; health care providers and services; biotechnology; life sciences tools and services; and health care technology.

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

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

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

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

See definition of comparative indices above.

65

 

Management Discussion of Fund Performance (unaudited)

Global X Information Technology Covered Call & Growth ETF

Global X Information Technology Covered Call & Growth ETF

The Global X Information Technology Covered Call & Growth ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P Technology Select Sector Half BuyWrite Index. (the “Underlying Index”). The Fund is passively managed, and the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

The Underlying Index measures the performance of a partially covered call strategy that holds a theoretical portfolio of the underlying securities of the Information Technology Select Sector Index (the “Reference Index”). The Underlying Index “writes” (or sells) a succession of one-month at-the-money covered call options on the Information Technology Select Sector SPDR^® Fund, or such other fund that seeks to track the performance of the Reference Index, as determined by Cboe. The call options correspond to approximately 50% of the value of the securities in the Reference Index, creating a partially covered call strategy.

From inception of the Fund to the period ending October 31, 2023 (the “reporting period”), the Fund increased 23.27% and the Underlying Index increased 23.97%. The Fund had a net asset value of $24.74 per share on November 21, 2022 and ended the reporting period with a net asset value of $28.86 on October 31, 2023.

During the reporting period, the highest returns came from Nvidia Corp. and Broadcom Inc., which returned 166.40% and 66.96%, respectively. The worst performers were SolarEdge Technologies Inc and Enphase Energy Inc, which returned -74.80 % and -74.17%, respectively.

Since its inception, the Fund has recorded positive returns supported by evolving artificial intelligence (AI) capabilities, increased internal investment activity, and a heightened need for data security. Generative AI technology enabled companies to create personalized user experiences and made it easier for advertisers to produce targeted messaging. Thus, technology companies who offered generative AI solutions and/or technology largely benefited during the reporting period. These developments led to increased investor sentiment towards many of the holdings within the Fund.

	AVERAGE TOTAL RETURN FOR THE PERIOD ENDED OCTOBER 31, 2023
	Cumulative Inception to Date*
	Net Asset Value	Market Price
Global X Information Technology Covered Call & Growth ETF	23.27%	23.27%
Cboe S&P Technology Select Sector Half BuyWrite Index	23.97%	23.97%
Information Technology Select Sector Index	26.84%	26.84%

66

 

Management Discussion of Fund Performance (unaudited)

Global X Information Technology Covered Call & Growth ETF

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on November 21, 2021.

The Information Technology Select Sector Index is a modified market capitalization weighted index containing the securities of the S&P 500 Index^® that are classified within the information technology sector under the Global Industry Classification System (“GICS”), including securities of companies from the following industries: technology hardware, storage, and peripherals; software; communications equipment; semiconductors and semiconductor equipment; IT services; and electronic equipment, instruments and components.

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

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

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

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

See definition of comparative indices above.

67

 

Management Discussion of Fund Performance (unaudited)

Global X Nasdaq 100^® ESG Covered Call ETF

Global X NASDAQ 100^® ESG Covered Call ETF

The Global X NASDAQ 100^® ESG Covered Call ETF (“Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Nasdaq-100 ESG BuyWrite Index (the “Underlying Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

The Underlying Index seeks to provide long exposure to an equity portfolio that applies a set of specific Environmental, Social and Governance (“ESG”) criteria as part of its security selection process, while also selling call options generally associated with such exposure. Specifically, the Underlying Index measures the performance of a covered call strategy, also known as a “buy-write” strategy, that seeks to provide long exposure by “buying” the underlying components of the Nasdaq-100 ESG Index (the “Reference Index”) and to generate options premium income by “writing” (selling) a succession of one-month, at-the-money (“ATM”) covered call options on the Nasdaq-100 Index. In seeking to track the Underlying Index, the Fund invests in the securities reflected in the Underlying Index by purchasing the underlying holdings of the Reference Index in proportion to their weight in the Reference Index, and systematically writing (selling) a succession of one-month, ATM covered call options on the Nasdaq-100 Index.

From inception of the Fund on February 21, 2023 through the period ending October 31, 2023 (the “reporting period”), the Fund increased 9.67%, while the Underlying Index increased 9.53%. The Fund had a net asset value of $24.46 per share on February 21, 2023 and ended the reporting period with a net asset value of $24.77 on October 31, 2023.

During the reporting period, the highest returns came from Nvidia Corp and Meta Platforms Inc., which returned 97.51% and 75.08%, respectively. The worst performers were SolarEdge Technologies Inc and Enphase Energy Inc, which returned -74.21% and -60.54%, respectively.

Since its inception, the Fund experienced positive returns as inflationary pressures lessened and supported the Federal Reserve’s decision to slow the pace of its interest rate hikes. This positively impacted growth-oriented names within the fund over the course of the reporting period. During the reporting period, the Fund had an average approximate sector exposure to Information Technology at 58.61% and Communication Services at 12.65%.

	AVERAGE TOTAL RETURN FOR THE PERIOD ENDED OCTOBER 31, 2023
	Cumulative Inception to Date*
	Net Asset Value	Market Price
Global X NASDAQ 100® ESG Covered Call ETF	9.67%	9.23%
NASDAQ-100 ESG BuyWrite Index	9.53%	9.53%
NASDAQ-100® Index	20.13%	20.13%

68

 

Management Discussion of Fund Performance (unaudited)

Global X Nasdaq 100^® ESG Covered Call ETF

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on February 21, 2023.

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

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

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

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

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

See definition of comparative indices above.

69

 

Management Discussion of Fund Performance (unaudited)

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

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

The Global X S&P 500^® ESG Covered Call ETF (“Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500^® ESG BuyWrite Index (the “Underlying Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

The Underlying Index seeks to provide long exposure to an equity portfolio that applies a set of specific Environmental, Social and Governance criteria as part of its security selection process, while also “selling” call options generally associated with such exposure. Specifically, the Underlying Index measures the performance of a covered call strategy, also known as a “buy-write” strategy, that seeks to provide long exposure by “buying” the underlying components of the S&P 500 ESG Index (the “Reference Index”) and “writing” (selling) a succession of one-month, at-the-money (“ATM”) covered call options on the Reference Index to generate premium income.

From the inception of the Fund through the period ending October 31, 2023 (the “reporting period”), the Fund increased 1.79%, while the Underlying Index increased 2.42%. The Fund had a net asset value of $24.65 per share on February 21, 2023 and ended the reporting period with a net asset value of $23.79 on October 31, 2023.

During the reporting period, the highest returns came from Nvidia Corp and Eli Lilly & Co, which returned 97.51% and 69.93%, respectively. The worst performers were SolarEdge Technologies Inc and FMC Corp, which returned -73.41% and -57.01%, respectively.

Softening inflation and a deceleration of interest rate hikes by central banks around the world supported investor sentiment resulting in modestly positive performance for the Fund since its inception. Due to the Fund’s ATM call option writing strategy, the Fund has a propensity to underperform its Reference Index during times when the underlying asset is trending on a strong upward trajectory. Thus, the Reference Index’s increase during the reporting period led to the Fund trailing the Reference Index during the reporting period. The Fund produced its returns harnessing its largest sector exposures to Information Technology at 30.07%, Health Care at 13.95% and Financials at 12.56%.

	AVERAGE TOTAL RETURN FOR THE PERIOD ENDED OCTOBER 31, 2023
	Cumulative Inception to Date*
	Net Asset Value	Market Price
Global X S&P 500® ESG Covered Call ETF	1.79%	1.23%
Cboe S&P 500® ESG BuyWrite Index	2.42%	2.42%
S&P 500® Index	6.06%	6.06%

70

 

Management Discussion of Fund Performance (unaudited)

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

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on February 21, 2023.

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

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

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

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

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

See definition of comparative indices above.

71

 

Management Discussion of Fund Performance (unaudited)

Global X Dow 30^® Covered Call & Growth ETF

Global X Dow 30^® Covered Call & Growth ETF

The Global X Dow 30^® Covered Call & Growth ETF (the “Fund”) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe DJIA Half BuyWrite Index (the “Underlying Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Underlying Index.

The Underlying Index measures the performance of a partially covered call strategy that holds a theoretical portfolio of the underlying stocks of the Dow Jones Industrial Average^® (the “Reference Index”) and “writes” (or sells) a succession of one-month at-the-money covered call options on the same. The call options correspond to approximately 50% of the value of the securities in the Reference Index, thereby creating a partially covered call strategy.

From the inception of the Fund through the period ending October 31, 2023 (the “reporting period”), the Fund decreased 5.35% and the Underlying Index decreased 5.31%. The Fund had a net asset value of $25.81 per share on July 25, 2023 and ended the reporting period with a net asset value of $24.20 on October 31, 2023.

During the reporting period, the highest returns came from Microsoft Corporation and Intel Corporation, which returned 47.06% and 32.70%, respectively. The worst performers were Walgreens Boots Alliance, Inc. and 3M Company, which returned -38.80% and -23.63%, respectively.

Since its inception, the Fund has recorded negative returns as a product of elevated interest rates and concerns over inflation, which in turn negatively impacted U.S. equities held by the Fund during the reporting period. Rising unemployment since the Fund’s inception and weaker consumer confidence, coupled with adverse geopolitical proceedings detracted from the Fund’s performance. Option premiums collected by the Fund helped dampen a level of the impact of its negative performance. During the reporting period, the Fund’s average sector exposure was most heavily weighted towards Health Care at 19.88%, followed by Financials 19.84%, and Information Technology 18.23%.

	AVERAGE TOTAL RETURN FOR THE PERIOD ENDED OCTOBER 31, 2023
	Cumulative Inception to Date*
	Net Asset Value	Market Price
Global X Dow 30® Covered Call & Growth ETF	-5.35%	-4.88%
Cboe DJIA Half BuyWrite Index	-5.31%	-5.31%
DJIA Index	-6.23%	-6.23%

72

 

Management Discussion of Fund Performance (unaudited)

Global X Dow 30^® Covered Call & Growth ETF

Growth of a $10,000 Investment

(At Net Asset Value)

* The Fund commenced operations on July 25, 2023.

The Dow Jones Industrial Average^®, Dow Jones, or simply the Dow, is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the oldest and most commonly followed equity indexes.

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

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

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

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

See definition of comparative indices above.

73

Schedule of Investments	October 31, 2023
Global X Lithium & Battery Tech ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK — 99.0%
AUSTRALIA — 14.9%
Materials — 14.9%
Allkem *		7,796,762	$	47,094,536
Core Lithium * (A)		25,594,350		5,833,839
IGO		9,961,628		59,981,691
Latin Resources *		29,199,660		4,529,516
Liontown Resources * (A)		16,716,362		17,040,232
Mineral Resources		2,262,475		82,740,633
Pilbara Minerals (A)		38,700,546		89,927,190
Sayona Mining * (A)		108,471,888		5,150,938
TOTAL AUSTRALIA				312,298,575
BRAZIL — 0.8%
Materials — 0.8%
Sigma Lithium * (A)		728,522		17,812,363
CANADA — 1.8%
Materials — 1.8%
Lithium Americas * (A)		2,083,047		13,969,507
Lithium Americas Argentina * (A)		1,598,678		8,832,602
Patriot Battery Metals *		1,333,768		9,338,538
Standard Lithium *		1,694,261		4,686,448
TOTAL CANADA				36,827,095

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

74

Schedule of Investments	October 31, 2023
Global X Lithium & Battery Tech ETF

	Shares		Value
COMMON STOCK — continued
CHILE — 4.4%
Industrials — 4.4%
Sociedad Quimica y Minera de Chile ADR (A)		1,893,841	$	91,661,904
CHINA — 40.4%
Consumer Discretionary — 4.4%
BYD, Cl H		3,054,274		92,667,312
Industrials — 14.2%
Contemporary Amperex Technology, Cl A		3,712,909		93,858,787
Eve Energy, Cl A		15,434,988		97,587,478
Jiangxi Special Electric Motor, Cl A *		12,860,477		20,949,368
Sunwoda Electronic, Cl A		17,318,891		37,977,696
Wuxi Lead Intelligent Equipment, Cl A		12,563,036		47,893,896
				298,267,225
Information Technology — 4.7%
NAURA Technology Group, Cl A		2,791,441		97,330,977
Materials — 17.1%
Ganfeng Lithium Group, Cl A		13,978,540		84,304,758
Guangzhou Tinci Materials Technology, Cl A		14,742,778		55,842,259
Shanghai Putailai New Energy Technology, Cl A		10,760,211		36,638,988
Sinomine Resource Group, Cl A		6,616,800		33,678,579
Tianqi Lithium, Cl A		12,313,841		92,244,163
Yunnan Energy New Material, Cl A		6,062,459		55,323,071
				358,031,818
TOTAL CHINA				846,297,332
FRANCE — 0.3%
Materials — 0.3%
Eramet		102,840		7,092,826
JAPAN — 7.9%
Consumer Discretionary — 3.7%
Panasonic Holdings		8,878,727		76,742,406

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

75

Schedule of Investments	October 31, 2023
Global X Lithium & Battery Tech ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — 4.2%
TDK		2,430,410	$	89,195,541
TOTAL JAPAN				165,937,947
NETHERLANDS — 0.5%
Materials — 0.5%
AMG Critical Materials		398,733		10,359,548
SOUTH KOREA — 8.8%
Industrials — 3.7%
LG Energy Solution *		267,833		76,450,055
Information Technology — 5.1%
L&F (A)		324,685		31,349,394
Samsung SDI		242,806		76,497,688
				107,847,082
TOTAL SOUTH KOREA				184,297,137
UNITED STATES — 19.2%
Consumer Discretionary — 5.6%
Lucid Group * (A)		10,858,875		44,738,565
Tesla *		368,733		74,056,336
				118,794,901
Industrials — 2.2%
EnerSys		536,968		45,953,721
				45,953,721
Materials — 11.4%
Albemarle		1,560,625		197,856,037
Livent *		2,368,637		34,558,414
Piedmont Lithium *		231,972		6,372,271
				238,786,722
TOTAL UNITED STATES				403,535,344
TOTAL COMMON STOCK (Cost $2,429,692,845)				2,076,120,071

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

76

Schedule of Investments	October 31, 2023
Global X Lithium & Battery Tech ETF

	Face Amount		Value
REPURCHASE AGREEMENT(B) — 6.3%
BNP Paribas 5.210%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $131,510,882 (collateralized by U.S. Treasury Obligations, ranging in par value $17,335,318 - $2,796,013, 4.000% - 2.000%, 02/15/26 - 02/15/25, with a total market value of $133,924,739) (Cost $131,491,852)	$	131,491,852	$	131,491,852
TOTAL INVESTMENTS — 105.3% (Cost $2,561,184,697)			$	2,207,611,923

Percentages are based on Net Assets of $2,095,790,645.

*	Non-income producing security.
(A)	This security or a partial position of this security is on loan at October 31, 2023. The total market value of securities on loan at October 31, 2023 was $121,159,472.
(B)	These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2023 was $131,491,852. The total value of non-cash collateral held from securities on loan as of October 31, 2023 was $–.

The following is a summary of the level of inputs used as of October 31, 2023, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	2,076,120,071	$	—	$	—	$	2,076,120,071
Repurchase Agreement		—		131,491,852		—		131,491,852
Total Investments in Securities	$	2,076,120,071	$	131,491,852	$	—	$	2,207,611,923

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

See “Glossary” for abbreviations.

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

77

 

Schedule of Investments		October 31, 2023
	Global X SuperDividend® ETF

Sector Weightings (Unaudited)†:

 

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK — 94.8%
ARGENTINA — 1.1%
Materials — 1.1%
Loma Negra Cia Industrial Argentina ADR		1,302,681	$	7,425,282
AUSTRALIA — 10.6%
Consumer Discretionary — 0.8%
Harvey Norman Holdings (A)		2,540,206		5,902,593
Energy — 3.3%
New Hope (A)		1,918,391		7,008,431
Woodside Energy Group		364,506		7,906,785
Yancoal Australia (A)		2,731,852		8,354,340
				23,269,556
Financials — 1.8%
Magellan Financial Group (A)		1,456,702		5,985,815
Platinum Asset Management		8,888,971		6,331,577
				12,317,392

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

78

 

Schedule of Investments		October 31, 2023
	Global X SuperDividend® ETF

	Shares		Value
COMMON STOCK — continued
Industrials — 1.1%
McMillan Shakespeare		729,782	$	7,744,173
Materials — 3.6%
BHP Group		245,762		6,924,407
Fortescue Metals Group		490,671		6,927,924
Grange Resources		16,686,207		4,384,435
Incitec Pivot		3,962,683		6,874,605
				25,111,371
TOTAL AUSTRALIA				74,345,085
BELGIUM — 1.0%
Communication Services — 1.0%
Proximus		856,455		7,081,073
BRAZIL — 5.1%
Consumer Discretionary — 0.8%
Mahle-Metal Leve		740,900		5,353,638
Consumer Staples — 0.9%
BrasilAgro - Brasileira de Propriedades Agricolas		1,342,220		6,584,676
Materials — 2.1%
Cia Siderurgica Nacional		2,640,100		6,156,569
CSN Mineracao		8,618,500		8,852,633
				15,009,202
Utilities — 1.3%
CPFL Energia		1,352,411		8,967,802
TOTAL BRAZIL				35,915,318
CHILE — 0.9%
Communication Services — 0.9%
ENTEL Chile		1,970,449		6,617,320

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

79

 

Schedule of Investments		October 31, 2023
	Global X SuperDividend® ETF

	Shares		Value
COMMON STOCK — continued
CHINA — 10.1%
Consumer Discretionary — 0.9%
China Yongda Automobiles Services Holdings		16,175,061	$	6,201,618
Energy — 2.2%
China Petroleum & Chemical, Cl H		15,083,500		7,710,810
China Shenhua Energy, Cl H		2,511,400		7,703,090
				15,413,900
Financials — 2.6%
China Everbright Bank, Cl H		28,892,000		8,234,179
Chongqing Rural Commercial Bank, Cl H		26,250,700		9,930,485
				18,164,664
Industrials — 1.3%
Shanghai Industrial Holdings		7,233,700		8,847,291
Materials — 2.4%
Fufeng Group (A)		12,935,300		6,711,821
Shougang Fushan Resources Group		30,678,200		10,076,295
				16,788,116
Real Estate — 0.7%
Midea Real Estate Holding		7,258,974		4,963,258
TOTAL CHINA				70,378,847
DENMARK — 0.9%
Industrials — 0.9%
AP Moller - Maersk, Cl B		3,635		6,035,726
FRANCE — 1.6%
Communication Services — 0.8%
Eutelsat Communications (A)		1,196,386		5,096,278
Financials — 0.8%
Coface		479,161		5,763,688
TOTAL FRANCE				10,859,966

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

80

 

Schedule of Investments		October 31, 2023
	Global X SuperDividend® ETF

	Shares		Value
COMMON STOCK — continued
GERMANY — 0.8%
Financials — 0.8%
Deutsche Pfandbriefbank (A)		842,944	$	5,613,271
HONG KONG — 5.6%
Communication Services — 2.0%
HKBN		13,413,710		4,645,752
PCCW		18,625,100		9,116,649
				13,762,401
Industrials — 1.7%
Orient Overseas International		930,100		11,726,397
Information Technology — 1.1%
VTech Holdings		1,352,500		7,873,422
Real Estate — 0.8%
New World Development		3,264,000		5,981,873
TOTAL HONG KONG				39,344,093
INDONESIA — 2.5%
Energy — 2.5%
Adaro Energy		43,887,700		7,072,868
Bukit Asam		28,994,900		4,526,746
Indo Tambangraya Megah		3,719,600		6,211,041
TOTAL INDONESIA				17,810,655
ITALY — 1.0%
Financials — 1.0%
BFF Bank		764,950		7,337,640
JAPAN — 1.0%
Industrials — 1.0%
Mitsui OSK Lines		281,269		7,211,645

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

81

 

Schedule of Investments		October 31, 2023
	Global X SuperDividend® ETF

	Shares		Value
COMMON STOCK — continued
KUWAIT — 1.0%
Consumer Discretionary — 1.0%
Humansoft Holding KSC		679,680	$	6,674,938
MEXICO — 1.0%
Financials — 1.0%
Banco del Bajio		2,223,400		6,795,946
NORWAY — 2.3%
Energy — 2.3%
FLEX LNG		250,268		7,643,185
SFL		791,412		8,594,734
TOTAL NORWAY				16,237,919
POLAND — 1.1%
Materials — 1.1%
Grupa Kety (A)		44,661		7,524,753
PORTUGAL — 1.2%
Materials — 1.2%
Portucel		2,102,029		8,354,169
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 — 1.8%
Energy — 1.5%
BW LPG		756,133		10,693,898

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

82

 

Schedule of Investments		October 31, 2023
	Global X SuperDividend® ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — 0.3%
Manulife US Real Estate Investment Trust ‡		35,440,805	$	1,772,040
TOTAL SINGAPORE				12,465,938
SOUTH AFRICA — 3.8%
Energy — 0.9%
Exxaro Resources		658,409		6,566,213
Materials — 0.8%
African Rainbow Minerals (A)		686,933		5,627,553
Real Estate — 2.1%
Equites Property Fund ‡		11,703,190		7,147,930
Redefine Properties ‡		39,808,030		7,432,061
				14,579,991
TOTAL SOUTH AFRICA				26,773,757
TAIWAN — 1.8%
Industrials — 0.9%
Wisdom Marine Lines		4,563,000		5,866,413
Information Technology — 0.9%
Raydium Semiconductor		592,000		6,543,302
TOTAL TAIWAN				12,409,715
THAILAND — 0.7%
Industrials — 0.7%
Regional Container Lines NVDR		9,116,276		4,971,246
UNITED ARAB EMIRATES — 2.4%
Energy — 1.3%
Dana Gas PJSC		41,109,409		9,065,783
Materials — 1.1%
Fertiglobe		8,649,081		7,558,821
TOTAL UNITED ARAB EMIRATES				16,624,604

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

83

 

Schedule of Investments		October 31, 2023
	Global X SuperDividend® ETF

	Shares		Value
COMMON STOCK — continued
UNITED KINGDOM — 1.0%
Financials — 1.0%
M&G		2,987,545	$	7,185,189
UNITED STATES — 34.5%
Consumer Staples — 1.1%
JBS		2,014,417		8,000,946
Energy — 4.0%
Civitas Resources		101,461		7,653,203
Diversified Energy		7,453,753		6,046,395
Equitrans Midstream		815,450		7,233,042
Kimbell Royalty Partners		426,928		6,882,079
				27,814,719
Financials — 21.3%
AGNC Investment ‡		704,089		5,196,177
Annaly Capital Management ‡		376,835		5,882,394
Apollo Commercial Real Estate Finance ‡		679,909		6,771,894
Arbor Realty Trust ‡		599,935		7,565,180
Ares Commercial Real Estate ‡		699,558		6,414,947
B Riley Financial		202,751		7,341,614
Blackstone Mortgage Trust, Cl A ‡		352,634		7,035,048
BrightSpire Capital, Cl A ‡		1,061,004		6,005,283
Chimera Investment ‡		1,252,917		6,014,002
Claros Mortgage Trust ‡		603,644		6,296,007
Dynex Capital ‡		563,468		5,657,219
Ellington Financial ‡		640,673		7,707,296
Franklin BSP Realty Trust ‡		495,534		6,248,684
KKR Real Estate Finance Trust ‡		534,808		5,583,395
MFA Financial ‡		746,931		6,640,217
New York Mortgage Trust ‡		826,874		6,441,348
PennyMac Mortgage Investment Trust ‡		594,117		7,515,580
Ready Capital ‡		1,478,525		13,942,491
Rithm Capital ‡		834,824		7,788,908
Starwood Property Trust ‡		367,344		6,520,356
TPG RE Finance Trust ‡		870,398		4,795,893
Two Harbors Investment ‡		456,896		5,304,562
				148,668,495

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

84

 

Schedule of Investments		October 31, 2023
	Global X SuperDividend® ETF

	Shares		Value
COMMON STOCK — continued
Materials — 1.0%
Arch Resources		45,967	$	6,933,203
Real Estate — 7.1%
Brandywine Realty Trust ‡		1,354,021		5,064,039
Global Net Lease ‡		1,080,441		8,578,705
Medical Properties Trust ‡		937,366		4,480,609
Omega Healthcare Investors ‡		255,506		8,457,249
Sabra Health Care ‡		613,696		8,370,813
SL Green Realty ‡		223,735		6,553,198
Uniti Group ‡		1,764,499		8,116,695
				49,621,308
TOTAL UNITED STATES				241,038,671
TOTAL COMMON STOCK (Cost $794,115,166)				663,032,766
PREFERRED STOCK — 4.2%
BRAZIL—4.2%
Materials — 2.8%
Gerdau (C)		1,506,508		6,503,407
Metalurgica Gerdau, Cl A (C)		3,012,200		6,170,142
Unipar Carbocloro (C)		464,969		6,557,326
				19,230,875
Utilities — 1.4%
Cia Paranaense de Energia (C)		5,918,385		9,846,371
TOTAL BRAZIL				29,077,246
TOTAL PREFERRED STOCK (Cost $31,374,608)				29,077,246
	Face Amount
REPURCHASE AGREEMENTS(D) — 2.8%
Bank of America 5.310%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $4,635,176 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $77,123 - $2,013,749, 2.000% - 6.500%, 04/01/48 - 10/01/53, with a total market value of $4,727,182)	$	4,634,492		4,634,492

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

85

 

Schedule of Investments		October 31, 2023
	Global X SuperDividend® ETF

	Face Amount		Value
REPURCHASE AGREEMENTS — continued
Citigroup Global Markets 5.310%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $4,635,176 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $646 - $848,846, 2.000% - 7.715%, 12/01/27 - 06/20/73, with a total market value of $4,727,182)	$	4,634,492	$	4,634,492
Daiwa Capital Markets 5.320%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $4,635,177 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $288 - $366,107, 0.125% - 7.000%, 01/15/24 - 11/01/53, with a total market value of $4,727,182)		4,634,492		4,634,492
Deutsche Bank Securities 5.310%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $1,183,453 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $125 - $233,918, 1.000% - 7.000%, 09/01/28 - 01/01/61, with a total market value of $1,206,944)		1,183,278		1,183,278
RBC Dominion Securities 5.310%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $4,635,176 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $156 - $1,214,752, 0.000% - 6.500%, 11/07/23 - 08/20/53, with a total market value of $4,727,182)		4,634,492		4,634,492
TOTAL REPURCHASE AGREEMENTS (Cost $19,721,246)				19,721,246
TOTAL INVESTMENTS — 101.8% (Cost $845,211,020)			$	711,831,258

Percentages are based on Net Assets of $699,110,630.

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

86

 

Schedule of Investments		October 31, 2023
	Global X SuperDividend® ETF

*	Non-income producing security.
‡	Real Estate Investment Trust
(A)	This security or a partial position of this security is on loan at October 31, 2023. The total market value of securities on loan at October 31, 2023 was $24,017,012.
(B)	Level 3 security in accordance with fair value hierarchy.
(C)	There is currently no stated interest rate.
(D)	These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2023 was $19,721,246. The total value of non-cash collateral held from securities on loan as of October 31, 2023 was $5,597,097.

The following is a summary of the level of inputs used as of October 31, 2023, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3(1)			Total
Common Stock	$	663,032,766	$	—	$	—	^	$	663,032,766
Preferred Stock		29,077,246		—		—			29,077,246
Repurchase Agreements		—		19,721,246		—			19,721,246
Total Investments in Securities	$	692,110,012	$	19,721,246	$	—		$	711,831,258

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

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

See “Glossary” for abbreviations.

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

87

 

Schedule of Investments October 31, 2023

Global X Social Media ETF

Sector Weightings (Unaudited)†:

 

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK — 100.1%
CHINA — 34.0%
Communication Services — 34.0%
Baidu ADR *		58,262	$	6,117,510
Bilibili ADR * (A)		176,296		2,367,655
Hello Group ADR		100,679		712,807
HUYA ADR *		30,236		94,639
JOYY ADR		21,997		856,123
Kuaishou Technology, Cl B *		1,809,788		11,645,685
Meitu (A)		1,973,700		789,521
NetEase ADR		67,247		7,190,049
Tencent Holdings		380,427		14,060,717
Tencent Music Entertainment Group ADR *		451,370		3,276,946
Weibo ADR		51,198		605,673
TOTAL CHINA				47,717,325
GERMANY — 0.8%
Communication Services — 0.8%
United Internet		56,455		1,172,578
JAPAN — 5.3%
Communication Services — 5.3%
DeNA		51,086		495,023
giftee *		12,892		108,451
Gree		36,158		134,179
Kakaku.com		90,610		866,941
MIXI		26,040		391,688

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

88

 

Schedule of Investments October 31, 2023

Global X Social Media ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Nexon		298,616	$	5,413,518
TOTAL JAPAN				7,409,800
SOUTH KOREA — 14.5%
Communication Services — 14.5%
AfreecaTV		5,808		287,702
Com2uSCorp		5,134		159,469
Kakao		210,208		5,883,427
NAVER		101,409		14,071,339
TOTAL SOUTH KOREA				20,401,937
TAIWAN — 0.1%
Consumer Discretionary — 0.1%
PChome Online *		83,426		114,458
UNITED ARAB EMIRATES — 0.3%
Communication Services — 0.3%
Yalla Group ADR *		69,398		372,667
UNITED KINGDOM — 0.2%
Communication Services — 0.2%
Trustpilot Group *		241,757		293,359
UNITED STATES — 44.9%
Communication Services — 42.4%
Alphabet, Cl A *		49,938		6,196,307
Angi, Cl A *		52,054		83,807
Bumble, Cl A *		70,225		943,824
IAC *		53,273		2,266,766
Match Group *		198,590		6,871,214
Meta Platforms, Cl A *		45,357		13,664,704
Nextdoor Holdings *		94,137		171,329
Pinterest, Cl A *		411,993		12,310,351
Rumble * (A)		56,025		251,552
Snap, Cl A *		722,367		7,230,894
Spotify Technology *		44,354		7,307,765
Vimeo *		101,839		313,664

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

89

 

Schedule of Investments October 31, 2023

Global X Social Media ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Yelp, Cl A *		45,796	$	1,932,133
				59,544,310
Consumer Discretionary — 0.1%
Groupon, Cl A * (A)		11,034		141,125
Industrials — 0.4%
Fiverr International *		23,633		500,310
Information Technology — 2.0%
Life360 *		73,717		361,724
Sprinklr, Cl A *		75,195		1,021,900
Sprout Social, Cl A *		33,625		1,455,290
				2,838,914
TOTAL UNITED STATES				63,024,659
TOTAL COMMON STOCK (Cost $222,875,833)				140,506,783
	Face Amount
REPURCHASE AGREEMENTS(B) — 1.8%
Bank of America 5.310%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $603,858 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $10,047 - $262,346, 2.000% - 6.500%, 04/01/48 - 10/01/53, with a total market value of $615,844)	$	603,769		603,769
Citigroup Global Markets 5.310%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $603,858 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $84 - $110,585, 2.000% - 7.715%, 12/01/27 - 06/20/73, with a total market value of $615,844)		603,769		603,769

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

90

 

Schedule of Investments October 31, 2023

Global X Social Media ETF

	Face Amount		Value
REPURCHASE AGREEMENTS — continued
Daiwa Capital Markets 5.320%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $603,858 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $38 - $47,695, 0.125% - 7.000%, 01/15/24 - 11/01/53, with a total market value of $615,844)	$	603,769	$	603,769
HSBC Securities 5.310%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $591,780 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $5,917 - $590,109, 2.500% - 7.000%, 06/20/33 - 10/20/53, with a total market value of $603,527)		591,693		591,693
RBC Dominion Securities 5.310%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $166,256 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $6 - $43,571, 0.000% - 6.500%, 11/07/23 - 08/20/53, with a total market value of $169,556)		166,231		166,231
TOTAL REPURCHASE AGREEMENTS (Cost $2,569,231)				2,569,231
TOTAL INVESTMENTS — 101.9% (Cost $225,445,064)			$	143,076,014

Percentages are based on Net Assets of $140,396,996.

*	Non-income producing security.
(A)	This security or a partial position of this security is on loan at October 31, 2023. The total market value of securities on loan at October 31, 2023 was $2,413,260.
(B)	These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2023 was $2,569,231. The total value of non-cash collateral held from securities on loan as of October 31, 2023 was $–.

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

91

 

Schedule of Investments October 31, 2023

Global X Social Media ETF

The following is a summary of the level of inputs used as of October 31, 2023, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	140,506,783	$	—	$	—	$	140,506,783
Repurchase Agreements		—		2,569,231		—		2,569,231
Total Investments in Securities	$	140,506,783	$	2,569,231	$	—	$	143,076,014

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.

92

 

Schedule of Investments October 31, 2023

Global X Guru^® Index ETF

Sector Weightings (Unaudited)†:

 

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK — 98.7%
CAMEROON — 1.7%
Energy — 1.7%
Golar LNG		32,330	$	725,162
CANADA — 3.2%
Industrials — 3.2%
Canadian National Railway		6,353		672,020
Canadian Pacific Kansas City		9,166		650,511
TOTAL CANADA				1,322,531
CHINA — 1.5%
Consumer Discretionary — 1.5%
Alibaba Group Holding ADR *		7,902		652,231
DENMARK — 1.7%
Health Care — 1.7%
Ascendis Pharma ADR *		7,825		698,851

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

93

 

Schedule of Investments October 31, 2023

Global X Guru^® Index ETF

	Shares		Value
COMMON STOCK — continued
UNITED KINGDOM — 2.8%
Communication Services — 1.5%
Liberty Global, Cl C *		37,135	$	629,810
Health Care — 1.3%
Immunocore Holdings ADR *		12,011		533,288
TOTAL UNITED KINGDOM				1,163,098
UNITED STATES — 87.8%
Communication Services — 3.3%
Liberty Broadband, Cl C *		7,844		653,484
Meta Platforms, Cl A *		2,397		722,144
				1,375,628
Consumer Discretionary — 11.8%
Asbury Automotive Group *		3,243		620,613
Dutch Bros, Cl A * (A)		22,265		541,930
Expedia Group *		6,737		641,969
Hilton Worldwide Holdings		4,710		713,706
Home Depot		2,179		620,339
Lithia Motors, Cl A		2,332		564,834
Lowe’s		3,233		616,113
SeaWorld Entertainment *		14,594		628,710
				4,948,214
Consumer Staples — 4.9%
Albertsons, Cl A		33,128		718,877
Mondelez International, Cl A		10,013		662,961
Post Holdings *		8,045		645,853
				2,027,691
Energy — 5.4%
Chesapeake Energy		8,735		751,909
Marathon Petroleum		5,075		767,594
Texas Pacific Land		392		723,612
				2,243,115
Financials — 14.7%
Arch Capital Group *		9,357		811,065
Discover Financial Services		7,786		639,075

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

94

 

Schedule of Investments October 31, 2023

Global X Guru^® Index ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
First American Financial		11,464	$	589,708
Fiserv *		5,876		668,395
KKR		11,974		663,359
LPL Financial Holdings		3,258		731,486
S&P Global		1,870		653,210
Visa, Cl A		3,018		709,532
Wells Fargo		16,939		673,664
				6,139,494
Health Care — 17.1%
Amicus Therapeutics *		55,709		611,128
Eli Lilly		1,324		733,403
IQVIA Holdings *		3,325		601,260
Jazz Pharmaceuticals *		5,171		656,820
MoonLake Immunotherapeutics, Cl A * (A)		12,862		666,380
Revvity		6,180		512,013
Royalty Pharma, Cl A		24,288		652,619
Seagen *		3,727		793,143
Tenet Healthcare *		9,923		532,865
United Therapeutics *		3,071		684,403
Universal Health Services, Cl B		5,535		696,801
				7,140,835
Industrials — 6.5%
Avis Budget Group *		3,229		525,681
Delta Air Lines		16,821		525,656
Ferguson		4,517		678,454
Hertz Global Holdings *		41,340		348,496
Howmet Aerospace		14,840		654,444
				2,732,731
Information Technology — 11.9%
Apple		4,079		696,571
GoDaddy, Cl A *		10,333		756,685
Microsoft		2,249		760,409
NVIDIA		1,647		671,647
Salesforce *		3,467		696,278
Snowflake, Cl A *		4,791		695,318

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

95

 

Schedule of Investments October 31, 2023

Global X Guru^® Index ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
VMware, Cl A * (A)		4,640	$	675,816
				4,952,724
Materials — 4.9%
Ashland Global Holdings		8,324		637,868
International Flavors & Fragrances		11,208		766,067
Sherwin-Williams		2,629		626,254
				2,030,189
Real Estate — 4.2%
American Tower ‡		3,899		694,763
ProLogis ‡		5,899		594,324
Zillow Group, Cl C *		13,213		478,971
				1,768,058
Utilities — 3.1%
AES		40,200		598,980
PG&E *		42,727		696,450
				1,295,430
TOTAL UNITED STATES				36,654,109
TOTAL COMMON STOCK (Cost $43,364,944)				41,215,982
MASTER LIMITED PARTNERSHIP — 1.2%
UNITED STATES— 1.2%
Industrials — 1.2%
Icahn Enterprises		30,480		502,920
TOTAL MASTER LIMITED PARTNERSHIP (Cost $906,119)				502,920
TOTAL MASTER LIMITED PARTNERSHIP

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

96

 

Schedule of Investments October 31, 2023

Global X Guru^® Index ETF

	Face Amount		Value
REPURCHASE AGREEMENT(B) — 3.6%
BNP Paribas 5.210%, dated 10/31/2023, to be repurchased on 11/01/2023, to be repurchased on 11/01/23, repurchase price $1,484,722 (collateralized by U.S. Treasury Obligations, ranging in par value $195,711 - $31,566, 4.000% - 2.000%, 02/15/26 - 02/15/25, with a total market value of $1,511,975) (Cost $1,484,508)	$	1,484,508	$	1,484,508
TOTAL INVESTMENTS — 103.5% (Cost $45,755,571)			$	43,203,410

Percentages are based on Net Assets of $41,757,248.

*	Non-income producing security.
‡	Real Estate Investment Trust
(A)	This security or a partial position of this security is on loan at October 31, 2023. The total market value of securities on loan at October 31, 2023 was $1,409,565.
(B)	These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2023 was $1,484,508. The total value of non-cash collateral held from securities on loan as of October 31, 2023 was $–.

The following is a summary of the level of inputs used as of October 31, 2023, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	41,215,982	$	—	$	—	$	41,215,982
Master Limited Partnership		502,920		—		—		502,920
Repurchase Agreement		—		1,484,508		—		1,484,508
Total Investments in Securities	$	41,718,902	$	1,484,508	$	—	$	43,203,410

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.

97

 

Schedule of Investments	October 31, 2023
Global X SuperIncome™ Preferred ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
PREFERRED STOCK — 99.5%
UNITED STATES— 99.5%
Communication Services — 7.9%
AT&T, 5.000%		213,721	$	3,977,348
AT&T, 4.750%		311,733		5,392,981
Telephone and Data Systems, 6.000%		122,558		1,574,870
United States Cellular, 6.250%		88,835		1,465,778
				12,410,977
Consumer Discretionary — 3.3%
Ford Motor, 6.500%		106,696		2,232,080
Ford Motor, 6.000%		142,410		2,990,610
				5,222,690
Energy — 2.0%
Crestwood Equity Partners, 9.250%		317,077		3,056,622
Financials — 80.5%
AGNC Investment CME Term SOFR, 6.125%, TSFR3M + 4.697% ‡,(A)		102,426		2,047,496
Allstate, 7.375%		106,731		2,750,458
Allstate, 5.100%		204,746		3,890,174
Apollo Global Management, 7.625%, H15T5Y + 3.226% (A)		106,731		2,792,083
Apollo Global Management, 6.750%		128,060		6,160,967
Athene Holding, 7.750%, H15T5Y + 3.962% (A)		88,937		2,214,531

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

98

 

Schedule of Investments	October 31, 2023
Global X SuperIncome™ Preferred ETF

	Shares		Value
PREFERRED STOCK — continued
Financials — continued
Athene Holding, 6.375%, H15T5Y + 5.970% (A)		106,703	$	2,589,682
Athene Holding, 6.350%, US0003M + 4.253% (A)		153,526		3,244,004
Bank of America, 7.250% *		10,218		10,761,598
Bank of America, 5.000%		171,758		3,332,105
Bank of America, 4.750%		90,494		1,617,128
Brighthouse Financial, 5.375%		102,196		1,588,126
Capital One Financial, 5.000%		267,196		4,352,623
Capital One Financial, 4.800%		222,575		3,501,105
Capital One Financial, 4.375%		119,936		1,733,075
Enstar Group, 7.000%, US0003M + 4.015% (A)		71,063		1,690,589
Huntington Bancshares, 6.875%, H15T5Y + 2.704% (A)		57,699		1,278,033
Jackson Financial, 8.000%, H15T5Y + 3.728% (A)		97,822		2,395,661
JPMorgan Chase, 4.750%		160,152		3,047,693
JPMorgan Chase, 4.625%		329,609		6,186,761
JPMorgan Chase, 4.550%		267,205		4,908,556
KeyCorp, 6.200%, H15T5Y + 3.132% (A)		106,634		1,781,854
KeyCorp, 6.125%, TSFR3M + 4.154% (A)		88,898		1,586,829
Lincoln National, 9.000%		88,961		2,357,466
MetLife, 4.750%		178,003		3,333,996
Morgan Stanley, 6.500%		178,073		4,391,280
Morgan Stanley, 6.375%, (A)		178,066		4,188,112
Morgan Stanley, 5.850%, (A)		178,050		3,892,173
New York Community Bancorp, 6.375%, US0003M + 3.821% (A)		91,534		1,933,198
PacWest Bancorp, 7.750%, H15T5Y + 4.820% (A)		91,173		1,856,282
Regions Financial, Ser B, 6.375%, TSFE3M + 3.798% (A)		88,917		1,864,589
Reinsurance Group of America, 7.125%, H15T5Y + 3.456% (A)		124,581		3,176,816
State Street, 5.350%, TSFR3M + 3.971% (A)		88,916		1,944,593
Synchrony Financial, 5.625%		133,312		1,969,018
Truist Financial, 4.750%		164,599		2,934,800
US Bancorp, 4.000%		133,307		1,976,943
Wells Fargo, 7.500% *		10,838		11,448,179

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

99 

Schedule of Investments	October 31, 2023
Global X SuperIncome™ Preferred ETF

	Shares		Value
PREFERRED STOCK — continued
Financials — continued
Wells Fargo, 4.700%		127,942	$	2,260,735
Wells Fargo, 4.375%		114,750		1,857,803
				126,837,114
Industrials — 3.9%
Chart Industries, 6.750% *		35,760		1,757,961
Clarivate, 5.250%		63,890		1,784,448
WESCO International, 10.625%, H15T5Y + 10.325% (A)		95,776		2,553,388
				6,095,797
Utilities — 1.9%
Sempra, 5.750%		134,840		3,033,900
TOTAL UNITED STATES				156,657,100
TOTAL PREFERRED STOCK (Cost $176,926,434)				156,657,100
TOTAL INVESTMENTS — 99.5% (Cost $176,926,434)			$	156,657,100

Percentages are based on Net Assets of $157,490,099.

*	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.

As of October 31, 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.

100 

Schedule of Investments	October 31, 2023
Global X SuperDividend® U.S. ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK — 78.7%
UNITED STATES — 78.7%
Communication Services — 8.1%
AT&T		720,225	$	11,091,465
Cogent Communications Holdings		211,698		13,756,136
Telephone and Data Systems		569,664		10,362,188
Verizon Communications		359,242		12,620,172
				47,829,961
Consumer Discretionary — 0.8%
PetMed Express		725,526		4,998,874
Consumer Staples — 12.9%
Altria Group		300,562		12,073,575
B&G Foods (A)		1,161,319		9,371,844
Kraft Heinz		359,565		11,311,915
Philip Morris International		141,917		12,653,320
Universal		271,081		12,198,645
Vector Group		1,006,233		10,344,075
Walgreens Boots Alliance		393,746		8,300,166
				76,253,540

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

101 

Schedule of Investments	October 31, 2023
Global X SuperDividend® U.S. ETF

	Shares		Value
COMMON STOCK — continued
Energy — 9.4%
Chesapeake Energy		179,967	$	15,491,559
Coterra Energy		483,320		13,291,300
Kinder Morgan		812,448		13,161,658
Pioneer Natural Resources		56,353		13,468,367
				55,412,884
Financials — 13.7%
AGNC Investment ‡		1,262,236		9,315,302
Ellington Financial ‡		894,361		10,759,163
KKR Real Estate Finance Trust ‡		946,293		9,879,299
New York Community Bancorp		1,534,867		14,550,539
TFS Financial		995,777		11,809,915
Virtu Financial, Cl A		710,472		13,136,627
Western Union		1,041,392		11,757,316
				81,208,161
Health Care — 2.3%
AbbVie		95,502		13,482,972
Industrials — 9.0%
3M		127,861		11,628,958
Ennis		664,681		14,197,586
National Presto Industries		187,870		14,043,282
PACCAR		163,911		13,527,575
				53,397,401
Information Technology — 2.6%
International Business Machines		107,039		15,482,121
Materials — 4.9%
International Paper		300,947		10,150,942
Kronos Worldwide		1,300,899		8,976,203
LyondellBasell Industries, Cl A		105,410		9,512,199
				28,639,344
Real Estate — 9.4%
Alexander’s ‡		64,095		12,049,219
Easterly Government Properties, Cl A ‡		914,746		9,842,667
Global Net Lease ‡		2,177,971		17,293,086

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

102 

Schedule of Investments	October 31, 2023
Global X SuperDividend® U.S. ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Iron Mountain ‡		274,056	$	16,188,488
				55,373,460
Utilities — 5.6%
Avangrid		350,220		10,461,071
Clearway Energy, Cl C		441,876		9,593,128
Duke Energy		145,232		12,909,673
				32,963,872
TOTAL UNITED STATES				465,042,590
TOTAL COMMON STOCK (Cost $556,819,002)				465,042,590
MASTER LIMITED PARTNERSHIPS — 20.9%
UNITED STATES— 20.9%
Energy — 16.5%
Crestwood Equity Partners		366,104		9,987,317
CrossAmerica Partners		664,983		15,135,013
Global Partners		399,170		12,685,623
Holly Energy Partners		777,388		16,519,495
MPLX		412,765		14,876,051
NuStar Energy		623,458		10,661,132
USA Compression Partners		702,197		17,625,145
				97,489,776
Materials — 2.2%
Westlake Chemical Partners		610,723		13,093,901
Utilities — 2.2%
Suburban Propane Partners		738,216		12,985,219
TOTAL UNITED STATES				123,568,896
TOTAL MASTER LIMITED PARTNERSHIPS (Cost $87,116,240)				123,568,896

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

103 

Schedule of Investments	October 31, 2023
Global X SuperDividend® U.S. ETF

	Face Amount		Value
REPURCHASE AGREEMENTS(B) — 0.4%
Bank of America 5.310%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $486,499 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $8,095 - $211,359, 2.000% - 6.500%, 04/01/48 - 10/01/53, with a total market value of $496,156)	$	486,427	$	486,427
Citigroup Global Markets 5.310%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $486,499 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $68 - $89,093, 2.000% - 7.715%, 12/01/27 - 06/20/73, with a total market value of $496,156)		486,427		486,427
Daiwa Capital Markets 5.320%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $486,499 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $30 - $38,426, 0.125% - 7.000%, 01/15/24 - 11/01/53, with a total market value of $496,156)		486,427		486,427
HSBC Securities 5.310%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $476,768 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $4,767 - $475,422, 2.500% - 7.000%, 06/20/33 - 10/20/53, with a total market value of $486,232)		476,698		476,698

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

104 

Schedule of Investments	October 31, 2023
Global X SuperDividend® U.S. ETF

	Face Amount		Value
REPURCHASE AGREEMENTS — continued
RBC Dominion Securities 5.310%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $133,943 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $5 - $35,103, 0.000% - 6.500%, 11/07/23 - 08/20/53, with a total market value of $136,601)	$	133,923	$	133,923
TOTAL REPURCHASE AGREEMENTS (Cost $2,069,902)				2,069,902
TOTAL INVESTMENTS — 100.0% (Cost $646,005,144)			$	590,681,388

Percentages are based on Net Assets of $590,899,500.

‡	Real Estate Investment Trust
(A)	This security or a partial position of this security is on loan at October 31, 2023. The total market value of securities on loan at October 31, 2023 was $1,971,501.
(B)	These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2023 was $2,069,902. The total value of non-cash collateral held from securities on loan as of October 31, 2023 was $–.

The following is a summary of the level of inputs used as of October 31, 2023, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	465,042,590	$	—	$	—	$	465,042,590
Master Limited Partnerships		123,568,896		—		—		123,568,896
Repurchase Agreements		—		2,069,902		—		2,069,902
Total Investments in Securities	$	588,611,486	$	2,069,902	$	—	$	590,681,388

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

See “Glossary” for abbreviations.

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

105

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Covered Call ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK(A) — 100.8%
CHINA — 0.1%
Information Technology — 0.1%
NXP Semiconductors		20,923	$	3,607,753
UNITED STATES — 100.7%
Communication Services — 8.8%
Alphabet, Cl A *		478,132		59,326,619
Alphabet, Cl C *		406,720		50,962,016
AT&T		576,128		8,872,371
Charter Communications, Cl A *		8,332		3,356,130
Comcast, Cl A		331,678		13,694,985
Electronic Arts		18,678		2,312,150
Fox, Cl A		20,785		631,656
Fox, Cl B		14,839		414,156
Interpublic Group		30,465		865,206
Live Nation Entertainment *		11,534		922,951
Match Group *		21,780		753,588
Meta Platforms, Cl A *		179,115		53,961,976
Netflix *		35,713		14,702,685
News, Cl A		36,612		757,136
News, Cl B		12,197		261,504

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

106

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Omnicom Group		15,820	$	1,185,076
Paramount Global, Cl B		43,538		473,693
Take-Two Interactive Software *		12,584		1,683,110
T-Mobile US		40,404		5,812,519
Verizon Communications		338,798		11,901,974
Walt Disney *		147,459		12,031,180
Warner Bros Discovery *		184,325		1,832,190
				246,714,871
Consumer Discretionary — 10.6%
Airbnb, Cl A *		33,149		3,921,195
Amazon.com *		731,714		97,383,816
Aptiv *		21,787		1,899,826
AutoZone *		1,419		3,515,048
Bath & Body Works		17,811		528,096
Best Buy		16,855		1,126,251
Booking Holdings *		2,850		7,950,246
BorgWarner		21,875		807,188
Caesars Entertainment *		16,576		661,217
CarMax *		12,297		751,224
Carnival *		79,640		912,674
Chipotle Mexican Grill, Cl A *		2,170		4,214,574
Darden Restaurants		9,470		1,378,169
Domino’s Pizza		2,892		980,359
DR Horton		24,238		2,530,447
eBay		42,988		1,686,419
Etsy *		11,364		707,977
Expedia Group *		11,903		1,134,237
Ford Motor		315,911		3,080,132
Garmin		12,009		1,231,283
General Motors		111,639		3,148,220
Genuine Parts		11,492		1,480,859
Hasbro		9,729		439,264
Hilton Worldwide Holdings		21,462		3,252,137
Home Depot		81,022		23,066,153
Las Vegas Sands		28,839		1,368,699
Lennar, Cl A		20,577		2,195,154
LKQ		22,464		986,619
Lowe’s		47,223		8,999,287

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

107

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Lululemon Athletica *		9,181	$	3,612,540
Marriott International, Cl A		19,383		3,654,859
McDonald’s		58,730		15,397,244
MGM Resorts International		23,590		823,763
Mohawk Industries *		5,347		429,792
NIKE, Cl B		98,727		10,146,174
Norwegian Cruise Line Holdings *		38,136		518,650
NVR *		269		1,455,995
O’Reilly Automotive *		4,707		4,379,581
Pool		2,952		932,153
PulteGroup		19,319		1,421,685
Ralph Lauren, Cl A		3,634		408,934
Ross Stores		27,799		3,223,850
Royal Caribbean Cruises *		19,030		1,612,412
Starbucks		92,306		8,514,306
Tapestry		21,724		598,714
Tesla *		222,535		44,693,929
TJX		92,616		8,156,691
Tractor Supply		8,098		1,559,351
Ulta Beauty *		4,040		1,540,492
VF		29,586		435,802
Whirlpool		5,293		553,436
Wynn Resorts		6,499		570,482
Yum! Brands		22,641		2,736,391
				298,713,996
Consumer Staples — 6.7%
Altria Group		143,013		5,744,832
Archer-Daniels-Midland		43,749		3,131,116
Brown-Forman, Cl B		14,134		793,765
Bunge		10,974		1,163,025
Campbell Soup		17,025		687,980
Church & Dwight		19,393		1,763,599
Clorox		10,651		1,253,623
Coca-Cola		313,644		17,717,750
Colgate-Palmolive		67,503		5,070,825
Conagra Brands		37,751		1,032,867
Constellation Brands, Cl A		12,924		3,026,155
Costco Wholesale		35,713		19,729,290

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

108

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Dollar General		17,517	$	2,085,224
Dollar Tree *		16,606		1,844,761
Estee Lauder, Cl A		19,052		2,455,231
General Mills		47,131		3,074,826
Hershey		11,854		2,220,847
Hormel Foods		25,687		836,112
J M Smucker		7,196		819,193
Kellanova		22,780		1,149,707
Kenvue		139,260		2,590,236
Keurig Dr Pepper		81,920		2,484,634
Kimberly-Clark		27,132		3,246,072
Kraft Heinz		66,426		2,089,762
Kroger		52,577		2,385,418
Lamb Weston Holdings		10,559		948,198
McCormick		19,866		1,269,437
Molson Coors Beverage, Cl B		16,962		979,895
Mondelez International, Cl A		109,634		7,258,867
Monster Beverage *		61,285		3,131,664
PepsiCo		110,937		18,113,793
Philip Morris International		125,101		11,154,005
Procter & Gamble		189,972		28,501,499
Sysco		40,056		2,663,323
Target		37,540		4,159,057
Tyson Foods, Cl A		20,579		953,837
Walgreens Boots Alliance		57,492		1,211,931
Walmart		113,975		18,624,655
				187,367,011
Energy — 4.5%
APA		21,657		860,216
Baker Hughes, Cl A		81,625		2,809,533
Chevron		142,985		20,837,204
ConocoPhillips		96,504		11,464,675
Coterra Energy		60,280		1,657,700
Devon Energy		50,637		2,358,165
Diamondback Energy		14,530		2,329,450
EOG Resources		46,924		5,924,155
EQT		28,587		1,211,517
Exxon Mobil		322,612		34,148,480

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

109

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Halliburton		72,776	$	2,863,008
Hess		21,727		3,137,379
Kinder Morgan		159,448		2,583,058
Marathon Oil		48,923		1,336,087
Marathon Petroleum		31,040		4,694,800
Occidental Petroleum		51,029		3,154,102
ONEOK		46,206		3,012,631
Phillips 66		34,486		3,933,818
Pioneer Natural Resources		18,093		4,324,227
Schlumberger		114,531		6,374,795
Targa Resources		18,116		1,514,679
Valero Energy		27,305		3,467,735
Williams		98,818		3,399,339
				127,396,753
Financials — 12.9%
Aflac		44,059		3,441,448
Allstate		21,239		2,721,353
American Express		46,887		6,846,909
American International Group		58,685		3,597,977
Ameriprise Financial		8,346		2,625,401
Aon, Cl A		16,518		5,110,669
Arch Capital Group *		29,642		2,569,369
Arthur J Gallagher		17,702		4,168,644
Assurant		3,405		507,005
Bank of America		557,137		14,674,989
Bank of New York Mellon		63,227		2,687,148
Berkshire Hathaway, Cl B *		146,968		50,164,587
BlackRock, Cl A		11,038		6,758,347
Blackstone		55,488		5,124,317
Brown & Brown		18,524		1,285,936
Capital One Financial		29,801		3,018,543
Cboe Global Markets		9,212		1,509,755
Charles Schwab		116,325		6,053,553
Chubb		33,101		7,104,137
Cincinnati Financial		12,605		1,256,340
Citigroup		150,545		5,945,022
Citizens Financial Group		33,384		782,187
CME Group, Cl A		29,325		6,259,715

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

110

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Comerica		11,837	$	466,378
Discover Financial Services		20,576		1,688,878
Everest Group		3,165		1,252,137
FactSet Research Systems		2,776		1,198,927
Fidelity National Information Services		48,013		2,357,918
Fifth Third Bancorp		54,400		1,289,824
Fiserv *		47,585		5,412,794
FleetCor Technologies *		5,471		1,231,905
Franklin Resources		26,552		605,120
Global Payments		21,129		2,244,322
Globe Life		7,416		862,926
Goldman Sachs Group		26,568		8,066,310
Hartford Financial Services Group		24,650		1,810,543
Huntington Bancshares		126,973		1,225,289
Intercontinental Exchange		45,508		4,889,380
Invesco		36,518		473,638
Jack Henry & Associates		6,657		938,570
JPMorgan Chase		234,197		32,567,435
KeyCorp		86,188		880,841
Loews		14,732		942,995
M&T Bank		13,348		1,504,987
MarketAxess Holdings		2,745		586,744
Marsh & McLennan		39,807		7,549,398
Mastercard, Cl A		67,051		25,234,644
MetLife		51,308		3,078,993
Moody’s		12,834		3,952,872
Morgan Stanley		102,820		7,281,712
MSCI, Cl A		6,543		3,085,352
Nasdaq		27,079		1,343,118
Northern Trust		14,860		979,423
PayPal Holdings *		85,572		4,432,630
PNC Financial Services Group		32,237		3,690,169
Principal Financial Group		16,515		1,117,735
Progressive		47,171		7,457,263
Prudential Financial		29,457		2,693,548
Raymond James Financial		15,168		1,447,634
Regions Financial		82,313		1,196,008
S&P Global		26,224		9,160,305
State Street		26,938		1,741,003

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

111

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Synchrony Financial		33,982	$	953,195
T Rowe Price Group		18,145		1,642,123
Travelers		18,501		3,097,807
Truist Financial		106,694		3,025,842
US Bancorp		125,631		4,005,116
Visa, Cl A		129,489		30,442,864
W R Berkley		17,733		1,195,559
Wells Fargo		294,856		11,726,423
Willis Towers Watson		8,463		1,996,337
Zions Bancorp		15,033		463,768
				360,702,053
Health Care — 13.2%
Abbott Laboratories		139,850		13,222,817
AbbVie		142,243		20,081,867
Agilent Technologies		22,495		2,325,308
Align Technology *		5,818		1,073,945
Amgen		43,107		11,022,460
Baxter International		40,701		1,319,933
Becton Dickinson		23,094		5,837,701
Biogen *		11,661		2,769,954
Bio-Rad Laboratories, Cl A *		1,574		433,291
Bio-Techne		14,220		776,839
Boston Scientific *		117,361		6,007,710
Bristol-Myers Squibb		168,358		8,675,488
Cardinal Health		20,520		1,867,320
Catalent *		16,589		570,496
Cencora		13,550		2,508,783
Centene *		41,380		2,854,392
Charles River Laboratories International *		3,981		670,241
Cigna Group		24,009		7,423,583
Cooper		3,864		1,204,602
CVS Health		103,508		7,143,087
Danaher		52,957		10,168,803
DaVita *		5,441		420,208
DENTSPLY SIRONA		16,139		490,787
Dexcom *		31,051		2,758,260
Edwards Lifesciences *		49,477		3,152,674
Elevance Health		18,991		8,547,659

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

112

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Eli Lilly		64,262	$	35,596,650
GE HealthCare Technologies		30,211		2,011,146
Gilead Sciences		100,415		7,886,594
HCA Healthcare		15,550		3,516,477
Henry Schein *		11,573		752,014
Hologic *		19,812		1,310,960
Humana		9,985		5,229,045
IDEXX Laboratories *		6,670		2,664,465
Illumina *		12,900		1,411,518
Incyte *		15,619		842,333
Insulet *		5,684		753,528
Intuitive Surgical *		28,315		7,424,759
IQVIA Holdings *		14,538		2,628,907
Johnson & Johnson		194,059		28,786,712
Laboratory Corp of America Holdings		7,099		1,417,883
McKesson		10,872		4,950,674
Medtronic		107,276		7,569,395
Merck		204,495		21,001,637
Mettler-Toledo International *		1,741		1,715,233
Moderna *		26,444		2,008,686
Molina Healthcare *		4,806		1,600,158
Pfizer		455,000		13,904,800
Quest Diagnostics		9,864		1,283,306
Regeneron Pharmaceuticals *		8,602		6,708,614
ResMed		11,665		1,647,331
Revvity		8,831		731,648
STERIS PLC		7,899		1,658,632
Stryker		27,239		7,360,523
Teleflex		3,327		614,663
Thermo Fisher Scientific		31,103		13,833,681
UnitedHealth Group		74,650		39,979,554
Universal Health Services, Cl B		4,169		524,835
Vertex Pharmaceuticals *		20,800		7,531,888
Viatris		83,539		743,497
Waters *		4,859		1,159,017
West Pharmaceutical Services		6,068		1,931,384
Zimmer Biomet Holdings		16,670		1,740,515
Zoetis, Cl A		37,108		5,825,956
				371,586,826

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

113

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — 8.4%
3M		44,850	$	4,079,107
A O Smith		11,453		798,961
Alaska Air Group *		10,360		327,687
Allegion		7,410		728,848
American Airlines Group *		44,421		495,294
AMETEK		18,148		2,554,694
Automatic Data Processing		33,201		7,245,122
Axon Enterprise *		6,020		1,231,030
Boeing *		45,695		8,536,740
Broadridge Financial Solutions		10,148		1,731,655
Carrier Global		65,284		3,111,435
Caterpillar		41,112		9,293,368
Ceridian HCM Holding *		14,042		898,828
CH Robinson Worldwide		9,934		812,899
Cintas		6,944		3,521,441
Copart *		67,720		2,947,174
CSX		155,911		4,653,943
Cummins		11,178		2,417,801
Deere		22,058		8,059,111
Delta Air Lines		51,711		1,615,969
Dover		11,415		1,483,379
Eaton		32,316		6,718,820
Emerson Electric		45,977		4,090,574
Equifax		9,664		1,638,724
Expeditors International of Washington		12,334		1,347,490
Fastenal		45,976		2,682,240
FedEx		17,992		4,319,879
Fortive		28,142		1,837,110
Generac Holdings *		5,630		473,314
General Dynamics		18,360		4,430,452
General Electric		87,711		9,528,046
Honeywell International		53,508		9,805,876
Howmet Aerospace		32,482		1,432,456
Hubbell, Cl B		4,252		1,148,465
Huntington Ingalls Industries		3,329		731,781
IDEX		6,185		1,183,871
Illinois Tool Works		22,514		5,045,838
Ingersoll Rand		32,106		1,948,192
Jacobs Solutions		9,835		1,311,006

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

114

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
JB Hunt Transport Services		5,906	$	1,015,064
Johnson Controls International		55,026		2,697,375
L3Harris Technologies		15,290		2,743,179
Leidos Holdings		9,652		956,706
Lockheed Martin		18,062		8,211,708
Masco		17,348		903,657
Nordson		4,436		943,049
Norfolk Southern		18,662		3,560,523
Northrop Grumman		11,084		5,225,330
Old Dominion Freight Line		7,254		2,732,292
Otis Worldwide		33,594		2,593,793
PACCAR		41,168		3,397,595
Parker-Hannifin		10,211		3,766,940
Paychex		26,124		2,901,070
Paycom Software		4,086		1,000,947
Pentair		14,979		870,579
Quanta Services		11,887		1,986,555
Republic Services, Cl A		16,447		2,442,215
Robert Half		10,142		758,317
Rockwell Automation		9,139		2,401,821
Rollins		23,869		897,713
RTX		117,298		9,546,884
Snap-On		4,394		1,133,388
Southwest Airlines		51,781		1,151,092
Stanley Black & Decker		11,950		1,016,348
Textron		15,781		1,199,356
Trane Technologies		18,345		3,491,237
TransDigm Group *		4,446		3,681,688
Union Pacific		49,115		10,196,765
United Airlines Holdings *		24,037		841,535
United Parcel Service, Cl B		58,288		8,233,180
United Rentals		5,343		2,170,701
Veralto *		17,288		1,192,849
Verisk Analytics, Cl A		11,639		2,646,243
Waste Management		30,102		4,946,662
Westinghouse Air Brake Technologies		14,192		1,504,636
WW Grainger		3,360		2,452,229
Xylem		19,442		1,818,605
				235,448,446

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

115

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — 28.2%
Accenture, Cl A		50,835	$	15,102,570
Adobe *		36,732		19,543,628
Advanced Micro Devices *		130,205		12,825,193
Akamai Technologies *		12,176		1,258,146
Amphenol, Cl A		47,897		3,858,103
Analog Devices		40,409		6,357,548
ANSYS *		7,008		1,950,046
Apple		1,184,345		202,250,596
Applied Materials		67,674		8,956,654
Arista Networks *		19,343		3,875,757
Autodesk *		17,203		3,399,829
Broadcom		33,258		27,982,283
Cadence Design Systems *		22,210		5,327,069
CDW		10,903		2,184,961
Cisco Systems		328,403		17,119,648
Cognizant Technology Solutions, Cl A		41,132		2,651,780
Corning		63,102		1,688,610
Enphase Energy *		11,644		926,630
EPAM Systems *		4,736		1,030,412
F5 *		4,005		607,118
Fair Isaac *		1,902		1,608,845
First Solar *		7,878		1,122,221
Fortinet *		52,835		3,020,577
Gartner *		6,599		2,191,132
Gen Digital		43,760		729,042
Hewlett Packard Enterprise		102,504		1,576,512
HP		68,969		1,815,954
Intel		337,505		12,318,933
International Business Machines		73,417		10,619,035
Intuit		22,570		11,171,022
Juniper Networks		30,427		819,095
Keysight Technologies *		13,607		1,660,734
KLA		11,018		5,175,155
Lam Research		10,788		6,345,717
Microchip Technology		43,470		3,098,976
Micron Technology		89,216		5,965,874
Microsoft		598,755		202,445,053
Monolithic Power Systems		3,556		1,570,827
Motorola Solutions		13,504		3,760,324

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

116

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
NetApp		17,004	$	1,237,551
NVIDIA		199,054		81,174,221
ON Semiconductor *		34,002		2,129,885
Oracle		126,868		13,118,151
Palo Alto Networks *		24,508		5,955,934
PTC *		9,303		1,306,327
Qorvo *		8,395		733,891
QUALCOMM		89,937		9,802,234
Roper Technologies		8,571		4,187,533
Salesforce *		78,493		15,763,749
Seagate Technology Holdings		16,155		1,102,579
ServiceNow *		16,440		9,565,614
Skyworks Solutions		12,788		1,109,231
SolarEdge Technologies *		4,657		353,699
Synopsys *		11,878		5,576,008
TE Connectivity		25,145		2,963,338
Teledyne Technologies *		3,719		1,393,100
Teradyne		12,479		1,039,126
Texas Instruments		73,172		10,391,156
Trimble *		22,172		1,044,966
Tyler Technologies *		3,509		1,308,506
VeriSign *		7,241		1,445,738
Western Digital *		22,741		913,051
Zebra Technologies, Cl A *		4,284		897,198
				790,424,395
Materials — 2.5%
Air Products & Chemicals		17,870		5,047,203
Albemarle		9,908		1,256,136
Amcor		130,932		1,163,985
Avery Dennison		6,302		1,096,989
Ball		25,098		1,208,469
Celanese, Cl A		8,992		1,029,674
CF Industries Holdings		16,566		1,321,635
Corteva		57,694		2,777,389
Dow		55,401		2,678,084
DuPont de Nemours		38,111		2,777,530
Eastman Chemical		10,141		757,837
Ecolab		19,938		3,344,400

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

117

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
FMC		11,343	$	603,447
Freeport-McMoRan		116,729		3,943,106
International Flavors & Fragrances		20,491		1,400,560
International Paper		30,762		1,037,602
Linde		39,323		15,027,678
LyondellBasell Industries, Cl A		20,170		1,820,141
Martin Marietta Materials		4,885		1,997,672
Mosaic		29,902		971,217
Newmont		64,385		2,412,506
Nucor		20,458		3,023,488
Packaging Corp of America		7,052		1,079,309
PPG Industries		17,906		2,198,320
Sealed Air		14,830		456,616
Sherwin-Williams		19,307		4,599,120
Steel Dynamics		12,869		1,370,677
Vulcan Materials		10,520		2,067,075
Westrock		17,243		619,541
				69,087,406
Real Estate — 2.4%
Alexandria Real Estate Equities ‡		12,419		1,156,581
American Tower ‡		36,450		6,495,026
AvalonBay Communities ‡		11,650		1,930,871
Boston Properties ‡		11,118		595,591
Camden Property Trust ‡		9,219		782,509
CBRE Group, Cl A *		24,746		1,715,888
CoStar Group *		33,192		2,436,625
Crown Castle ‡		34,854		3,240,725
Digital Realty Trust ‡		23,403		2,910,397
Equinix ‡		7,611		5,553,290
Equity Residential ‡		29,580		1,636,661
Essex Property Trust ‡		5,230		1,118,802
Extra Space Storage ‡		16,743		1,734,407
Federal Realty Investment Trust ‡		7,010		639,242
Healthpeak Properties ‡		50,546		785,990
Host Hotels & Resorts ‡		55,876		864,961
Invitation Homes ‡		46,576		1,382,841
Iron Mountain ‡		23,043		1,361,150
Kimco Realty ‡		56,616		1,015,691

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

118

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Mid-America Apartment Communities ‡		9,956	$	1,176,301
ProLogis ‡		74,453		7,501,140
Public Storage ‡		12,745		3,042,359
Realty Income ‡		57,489		2,723,829
Regency Centers ‡		14,012		844,363
SBA Communications, Cl A ‡		8,081		1,685,939
Simon Property Group ‡		26,257		2,885,382
UDR ‡		27,714		881,582
Ventas ‡		34,999		1,486,058
VICI Properties, Cl A ‡		81,080		2,262,132
Welltower ‡		39,944		3,339,718
Weyerhaeuser ‡		58,676		1,683,414
				66,869,465
Utilities — 2.5%
AES		58,030		864,647
Alliant Energy		22,139		1,080,162
Ameren		21,094		1,597,027
American Electric Power		41,342		3,122,975
American Water Works		15,616		1,837,222
Atmos Energy		11,693		1,258,868
CenterPoint Energy		50,332		1,352,924
CMS Energy		23,323		1,267,372
Consolidated Edison		28,080		2,465,143
Constellation Energy		26,312		2,971,151
Dominion Energy		67,004		2,701,601
DTE Energy		17,160		1,653,881
Duke Energy		60,093		5,341,667
Edison International		30,714		1,936,825
Entergy		15,625		1,493,594
Evergy		18,278		898,181
Eversource Energy		28,113		1,512,198
Exelon		79,749		3,105,426
FirstEnergy		40,326		1,435,606
NextEra Energy		163,088		9,508,030
NiSource		37,330		939,223
NRG Energy		15,219		644,981
PG&E *		159,732		2,603,632
Pinnacle West Capital		10,392		770,878

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

119

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Utilities — continued
PPL		54,124	$	1,329,827
Public Service Enterprise Group		41,887		2,582,333
Sempra		50,510		3,537,215
Southern		85,171		5,732,008
WEC Energy Group		25,512		2,076,422
Xcel Energy		44,480		2,636,330
				70,257,349
TOTAL UNITED STATES				2,824,568,571
TOTAL COMMON STOCK (Cost $2,701,136,440)				2,828,176,324
TOTAL INVESTMENTS — 100.8% (Cost $2,701,136,440)			$	2,828,176,324
WRITTEN OPTIONS— (1.0)% (Premiums Received $(63,027,174))			$	(27,077,160	)

Percentages are based on Net Assets of $2,805,205,828.

A list of the exchange traded option contracts held by the Fund at October 31, 2023, is as follows:

Description	Number of Contracts	Notional Amount			Exercise Price		Expiration Date	Value
WRITTEN OPTIONS — (1.0)%
Call Options
S&P 500 Index	(6,744)	$	(2,828,298,720	)	$	4,240	11/17/23	$	(27,077,160	)

*	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 Fair Value of the securities pledged as collateral is $2,828,176,278.

As of October 31, 2023, all of the Fund’s investments and other financial instruments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

See “Glossary” for abbreviations.

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

120

Schedule of Investments	October 31, 2023
Global X NASDAQ 100® Covered Call ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK(A) — 101.2%
BRAZIL — 0.6%
Consumer Discretionary — 0.6%
MercadoLibre *		33,706	$	41,820,382
CHINA — 1.1%
Consumer Discretionary — 0.7%
JD.com ADR		290,780		7,391,628
PDD Holdings ADR *		438,807		44,503,806
				51,895,434
Information Technology — 0.4%
NXP Semiconductors		173,570		29,928,675
TOTAL CHINA				81,824,109
NETHERLANDS — 0.5%
Information Technology — 0.5%
ASML Holding		58,428		34,987,271

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

121

Schedule of Investments	October 31, 2023
Global X NASDAQ 100® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
UNITED KINGDOM — 0.3%
Health Care — 0.3%
AstraZeneca ADR		392,090	$	24,791,851
UNITED STATES — 98.7%
Communication Services — 16.2%
Alphabet, Cl A *		1,864,740		231,376,939
Alphabet, Cl C *		1,823,259		228,454,353
Charter Communications, Cl A *		100,839		40,617,949
Comcast, Cl A		2,773,716		114,526,734
Electronic Arts		182,338		22,571,621
Meta Platforms, Cl A *		979,142		294,986,110
Netflix *		298,601		122,931,046
Sirius XM Holdings		2,581,833		11,050,245
T-Mobile US *		792,767		114,047,461
Trade Desk, Cl A *		300,219		21,303,540
Warner Bros Discovery *		1,639,519		16,296,819
				1,218,162,817
Consumer Discretionary — 12.7%
Airbnb, Cl A *		287,145		33,966,382
Amazon.com *		3,242,966		431,606,345
Booking Holdings *		23,991		66,924,334
eBay		357,806		14,036,729
Lucid Group *		1,455,806		5,997,921
Lululemon Athletica *		81,738		32,162,268
Marriott International, Cl A		200,907		37,883,024
O’Reilly Automotive *		40,568		37,746,090
Ross Stores		229,330		26,595,400
Starbucks		771,767		71,187,788
Tesla *		997,547		200,347,340
				958,453,621
Consumer Staples — 6.6%
Costco Wholesale		298,855		165,099,456
Dollar Tree *		148,004		16,441,764
Keurig Dr Pepper		940,599		28,528,368
Kraft Heinz		826,861		26,013,047
Mondelez International, Cl A		916,556		60,685,173
Monster Beverage *		705,367		36,044,254

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

122

Schedule of Investments	October 31, 2023
Global X NASDAQ 100® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
PepsiCo		927,837	$	151,497,225
Walgreens Boots Alliance		580,144		12,229,436
				496,538,723
Energy — 0.5%
Baker Hughes, Cl A		679,562		23,390,524
Diamondback Energy		120,279		19,283,129
				42,673,653
Financials — 0.5%
PayPal Holdings *		739,567		38,309,571
Health Care — 6.6%
Align Technology *		50,459		9,314,227
Amgen		360,460		92,169,622
Biogen *		97,503		23,160,863
Dexcom *		261,013		23,185,785
GE HealthCare Technologies		306,001		20,370,486
Gilead Sciences		839,451		65,930,481
IDEXX Laboratories *		55,901		22,330,772
Illumina *		106,439		11,646,555
Intuitive Surgical *		236,750		62,080,585
Moderna *		256,057		19,450,090
Regeneron Pharmaceuticals *		71,862		56,044,455
Seagen *		126,333		26,884,926
Vertex Pharmaceuticals *		173,869		62,959,704
				495,528,551
Industrials — 5.0%
Automatic Data Processing		277,597		60,577,217
Cintas		68,453		34,713,885
Copart *		642,876		27,977,964
CSX		1,351,297		40,336,215
Fastenal		384,438		22,428,113
Honeywell International		447,382		81,987,225
Old Dominion Freight Line		73,519		27,691,667
PACCAR		351,951		29,046,516
Paychex		242,776		26,960,275

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

123

Schedule of Investments	October 31, 2023
Global X NASDAQ 100® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Verisk Analytics, Cl A		97,625	$	22,196,020
				373,915,097
Information Technology — 49.0%
Adobe *		307,179		163,437,659
Advanced Micro Devices *		1,088,828		107,249,558
Analog Devices		335,758		52,824,806
ANSYS *		57,370		15,963,776
Apple		4,914,359		839,225,086
Applied Materials		563,716		74,607,813
Atlassian, Cl A *		103,171		18,636,809
Autodesk *		143,941		28,447,060
Broadcom		278,183		234,054,831
Cadence Design Systems *		183,072		43,909,819
Cisco Systems		2,746,420		143,170,875
Cognizant Technology Solutions, Cl A		339,833		21,909,033
Crowdstrike Holdings, Cl A *		152,226		26,908,990
Datadog, Cl A *		197,224		16,067,839
Enphase Energy *		88,098		7,010,839
Fortinet *		528,715		30,226,636
GLOBALFOUNDRIES *		368,581		18,288,989
Intel		2,822,271		103,012,891
Intuit		188,746		93,419,833
KLA		92,091		43,255,143
Lam Research		89,265		52,507,458
Marvell Technology		580,863		27,428,351
Microchip Technology		366,468		26,125,504
Micron Technology		737,863		49,340,899
Microsoft		2,335,328		789,597,750
NVIDIA		776,353		316,596,753
ON Semiconductor *		290,515		18,197,860
Palo Alto Networks *		205,979		50,057,017
QUALCOMM		751,949		81,954,921
Synopsys *		102,477		48,106,803
Texas Instruments		611,785		86,879,588
Workday, Cl A *		139,377		29,507,505
Zoom Video Communications, Cl A *		166,519		9,987,810
Zscaler *		96,012		15,236,144
				3,683,152,648

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

124

Schedule of Investments	October 31, 2023
Global X NASDAQ 100® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — 0.3%
CoStar Group *		274,769	$	20,170,792
Utilities — 1.3%
American Electric Power		346,744		26,193,042
Constellation Energy		216,432		24,439,502
Exelon		669,927		26,086,957
Xcel Energy		371,182		21,999,957
				98,719,458
TOTAL UNITED STATES				7,425,624,931
TOTAL COMMON STOCK (Cost $6,367,480,382)				7,609,048,544
TOTAL INVESTMENTS — 101.2% (Cost $6,367,480,382)			$	7,609,048,544
WRITTEN OPTIONS— (1.3)%
(Premiums Received $(216,504,359))			$	(98,419,200	)

Percentages are based on Net Assets of $7,521,213,399.

A list of the exchange traded option contracts held by the Fund at October 31, 2023, is as follows:

Description	Number of Contracts			Notional Amount			Exercise Price		Expiration Date	Value
WRITTEN OPTIONS — (1.3)%
Call Options
Nasdaq-100		(5,280	)	$	(7,608,363,840	)	$	14,600	11/17/23	$	(98,419,200	)

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $7,609,048,544.

As of October 31, 2023, all of the Fund’s investments and other financial instruments 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.

125

Schedule of Investments	October 31, 2023
Global X MSCI SuperDividend® Emerging Markets ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK — 91.7%
BRAZIL — 6.1%
Financials — 2.3%
Banco do Brasil		98,600	$	945,332
Materials — 3.8%
Cia Siderurgica Nacional		321,851		750,539
Vale		62,335		852,888
				1,603,427
TOTAL BRAZIL				2,548,759
CHILE — 6.9%
Financials — 2.0%
Banco de Chile		8,047,006		824,059
Industrials — 1.2%
Cia Sud Americana de Vapores		8,836,141		489,093
Materials — 2.0%
Empresas CMPC		478,834		853,251

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

126

Schedule of Investments	October 31, 2023
Global X MSCI SuperDividend® Emerging Markets ETF

	Shares		Value
COMMON STOCK — continued
Utilities — 1.7%
Enel Chile		11,756,306	$	693,935
TOTAL CHILE				2,860,338
CHINA — 34.8%
Consumer Staples — 1.8%
Tingyi Cayman Islands Holding		552,000		732,275
Energy — 15.4%
China Shenhua Energy, Cl H		244,764		750,752
Guanghui Energy, Cl A		867,500		886,163
Inner Mongolia Yitai Coal, Cl B *		563,000		772,436
Jizhong Energy Resources, Cl A		774,400		676,092
Shaanxi Coal Industry, Cl A		354,500		870,069
Shanxi Coking Coal Energy Group, Cl A		698,500		821,983
Shanxi Lu’an Environmental Energy Development, Cl A		369,800		956,981
Yankuang Energy Group, Cl H (A)		381,350		662,827
				6,397,303
Financials — 8.6%
Bank of China, Cl H		2,055,500		719,790
Bank of Communications, Cl H		1,283,380		759,406
China CITIC Bank, Cl H		1,514,900		675,690
China Construction Bank, Cl H		1,505,000		853,999
Lufax Holding ADR		587,741		561,175
				3,570,060
Industrials — 3.8%
COSCO SHIPPING Holdings, Cl A		546,700		727,489
Shanxi Coal International Energy Group, Cl A		374,000		829,294
				1,556,783
Materials — 3.7%
Western Mining, Cl A		478,700		818,909
Zangge Mining, Cl A		241,200		735,553
				1,554,462

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

127

Schedule of Investments	October 31, 2023
Global X MSCI SuperDividend® Emerging Markets ETF

	Shares		Value
COMMON STOCK — continued
Utilities — 1.5%
Guangdong Investment		933,200	$	636,875
TOTAL CHINA				14,447,758
CZECH REPUBLIC — 4.1%
Financials — 2.3%
Moneta Money Bank		242,604		935,821
Utilities — 1.8%
CEZ		17,949		766,850
TOTAL CZECH REPUBLIC				1,702,671
EGYPT — 3.3%
Consumer Staples — 3.3%
Eastern SAE		1,633,750		1,389,414
INDIA — 4.3%
Energy — 2.7%
Coal India		298,366		1,126,146
Materials — 1.6%
Vedanta		248,606		646,756
TOTAL INDIA				1,772,902
INDONESIA — 2.1%
Energy — 2.1%
Adaro Energy		5,351,100		862,374
MEXICO — 3.8%
Financials — 1.9%
Banco del Bajio		261,740		800,023
Real Estate — 1.9%
Fibra Uno Administracion ‡		528,300		800,951
TOTAL MEXICO				1,600,974

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

128

Schedule of Investments	October 31, 2023
Global X MSCI SuperDividend® Emerging Markets ETF

	Shares		Value
COMMON STOCK — continued
RUSSIA — 0.0%
Materials — 0.0%
Alrosa PJSC (B)		1,194,381	$	—
PhosAgro PJSC GDR *(B)		42		—
Severstal PJSC *(B)		71,665		—
TOTAL RUSSIA				—
SOUTH AFRICA — 3.2%
Materials — 1.4%
African Rainbow Minerals		73,272		600,265
Real Estate — 1.8%
Growthpoint Properties ‡		1,415,936		731,877
TOTAL SOUTH AFRICA				1,332,142
SOUTH KOREA — 6.2%
Financials — 6.2%
Hana Financial Group		27,750		805,449
Industrial Bank of Korea		112,269		928,544
Woori Financial Group		95,198		838,811
TOTAL SOUTH KOREA				2,572,804
TAIWAN — 3.8%
Industrials — 1.4%
Evergreen Marine Taiwan		178,120		590,347
Information Technology — 2.4%
MediaTek		38,400		996,849
TOTAL TAIWAN				1,587,196
THAILAND — 1.9%
Energy — 1.9%
Banpu NVDR		3,717,400		786,040
TURKEY — 8.8%
Energy — 3.2%
Turkiye Petrol Rafinerileri		261,223		1,310,143

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

129

Schedule of Investments	October 31, 2023
Global X MSCI SuperDividend® Emerging Markets ETF

	Shares		Value
COMMON STOCK — continued
Financials — 5.6%
Akbank		1,143,035	$	1,190,192
Yapi ve Kredi Bankasi		1,881,435		1,146,440
				2,336,632
TOTAL TURKEY				3,646,775
UNITED STATES — 2.4%
Consumer Staples — 2.4%
JBS		253,748		1,007,847
TOTAL COMMON STOCK (Cost $41,920,624)				38,117,994
PREFERRED STOCK — 7.4%
BRAZIL—3.8%
Materials — 1.8%
Gerdau (C)		179,110		773,196
Utilities — 2.0%
Cia Energetica de Minas Gerais (C)		352,550		820,729
TOTAL BRAZIL				1,593,925
CHILE—1.4%
Materials — 1.4%
Sociedad Quimica y Minera de Chile, Cl B (C)		12,087		582,879
TOTAL CHILE				582,879
COLOMBIA—2.2%
Financials — 2.2%
Bancolombia (C)		145,675		929,638
TOTAL COLOMBIA				929,638
RUSSIA—0.0%
Energy — 0.0%
Surgutneftegas PJSC (B)(C)		3,166,303		—
TOTAL RUSSIA				—
TOTAL PREFERRED STOCK (Cost $4,818,551)				3,106,442

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

130

Schedule of Investments	October 31, 2023
Global X MSCI SuperDividend® Emerging Markets ETF

	Face Amount		Value
REPURCHASE AGREEMENTS(D) — 1.0%
Bank of America 5.310%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $154,021 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $2,563 - $66,914, 2.000% - 6.500%, 04/01/48 - 10/01/53, with a total market value of $157,078)	$	153,998	$	153,998
Daiwa Capital Markets 5.320%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $249,037 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $15 - $19,670, 0.125% - 7.000%, 01/15/24 - 11/01/53, with a total market value of $253,980)		249,000		249,000
TOTAL REPURCHASE AGREEMENTS (Cost $402,998)				402,998
TOTAL INVESTMENTS — 100.1% (Cost $47,142,173)			$	41,627,434

Percentages are based on Net Assets of $41,573,901.

*	Non-income producing security.
‡	Real Estate Investment Trust
(A)	This security or a partial position of this security is on loan at October 31, 2023. The total market value of securities on loan at October 31, 2023 was $347,622.
(B)	Level 3 security in accordance with fair value hierarchy.
(C)	There is currently no stated interest rate.
(D)	These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2023 was $402,998. The total value of non-cash collateral held from securities on loan as of October 31, 2023 was $–.

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

131

Schedule of Investments	October 31, 2023
Global X MSCI SuperDividend® Emerging Markets ETF

The following is a summary of the level of inputs used as of October 31, 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	$	38,117,994	$	—	$	—	^	$	38,117,994
Preferred Stock		3,106,442		—		—	^		3,106,442
Repurchase Agreements		—		402,998		—			402,998
Total Investments in Securities	$	41,224,436	$	402,998	$	—	^	$	41,627,434

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

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

See “Glossary” for abbreviations.

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

132

 

Schedule of Investments		October 31, 2023
	Global X SuperDividend® REIT ETF

Sector Weightings (Unaudited)†:

†  Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK — 99.9%
AUSTRALIA — 6.7%
Real Estate — 6.7%
Dexus ‡		1,693,329	$	6,947,431
Stockland ‡		3,437,299		7,704,216
TOTAL AUSTRALIA				14,651,647
BELGIUM — 2.9%
Real Estate — 2.9%
Cofinimmo ‡		99,836		6,194,439
CANADA — 1.4%
Real Estate — 1.4%
NorthWest Healthcare Properties Real Estate Investment Trust ‡		1,028,980		2,972,238
FRANCE — 3.9%
Real Estate — 3.9%
Klepierre ‡		352,713		8,537,558
SINGAPORE — 17.0%
Real Estate — 17.0%
Frasers Logistics & Commercial Trust ‡		9,570,046		7,264,587
Keppel ‡		13,094,210		7,598,188
Mapletree Industrial Trust ‡		5,233,094		8,212,220
Mapletree Pan Asia Commercial Trust ‡		7,019,633		6,814,431
Suntec Real Estate Investment Trust ‡		8,891,878		7,139,204
TOTAL SINGAPORE				37,028,630

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

133

 

Schedule of Investments		October 31, 2023
	Global X SuperDividend® REIT ETF

	Shares		Value
COMMON STOCK — continued
SOUTH AFRICA — 2.7%
Real Estate — 2.7%
Growthpoint Properties ‡		11,506,315	$	5,947,447
UNITED KINGDOM — 3.5%
Real Estate — 3.5%
Land Securities Group ‡		1,090,503		7,529,380
UNITED STATES — 61.8%
Financials — 19.6%
Arbor Realty Trust ‡		602,496		7,597,475
ARMOUR Residential ‡		405,887		5,913,776
Blackstone Mortgage Trust, Cl A ‡		372,246		7,426,308
KKR Real Estate Finance Trust ‡		578,675		6,041,367
Ladder Capital, Cl A ‡		808,700		8,175,957
Starwood Property Trust ‡		421,424		7,480,276
				42,635,159
Real Estate — 42.2%
Broadstone Net Lease, Cl A ‡		524,390		7,420,119
CareTrust ‡		462,393		9,950,697
Easterly Government Properties, Cl A ‡		571,923		6,153,892
EPR Properties ‡		216,141		9,229,221
Global Net Lease ‡		651,023		5,169,123
Highwoods Properties ‡		311,533		5,573,325
LTC Properties ‡		252,965		7,996,224
National Health Investors ‡		162,162		8,114,586
National Storage Affiliates Trust ‡		223,573		6,376,302
Office Properties Income Trust ‡		182,541		819,609
Omega Healthcare Investors ‡		334,912		11,085,587
Physicians Realty Trust ‡		615,005		6,678,954

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

134

 

Schedule of Investments		October 31, 2023
	Global X SuperDividend® REIT ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Spirit Realty Capital ‡		204,304	$	7,352,901
				91,920,540
TOTAL UNITED STATES				134,555,699
TOTAL COMMON STOCK (Cost $290,244,144)				217,417,038
TOTAL INVESTMENTS — 99.9% (Cost $290,244,144)			$	217,417,038

Percentages are based on Net Assets of $217,653,112.

‡ Real Estate Investment Trust

As of October 31, 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.

135

 

Schedule of Investments		October 31, 2023
	Global X Renewable Energy Producers ETF

Sector Weightings (Unaudited)†:

 

†  Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK — 94.6%
AUSTRIA — 8.4%
Utilities — 8.4%
Verbund		42,398	$	3,674,819
BRAZIL — 14.2%
Utilities — 14.2%
AES Brasil Energia *		228,796		456,866
Centrais Eletricas Brasileiras		436,955		3,018,741
Engie Brasil Energia		304,884		2,375,955
Omega Energia *		229,062		345,206
TOTAL BRAZIL				6,196,768
CANADA — 5.7%
Utilities — 5.7%
Boralex, Cl A		38,424		714,370
Innergex Renewable Energy		76,042		467,782
Northland Power		94,659		1,328,942
TOTAL CANADA				2,511,094
CHINA — 4.1%
Utilities — 4.1%
China Datang Renewable Power, Cl H		941,000		212,863
China Longyuan Power Group, Cl H		1,257,100		1,065,176
Xinyi Energy Holdings (A)		3,046,300		533,373
TOTAL CHINA				1,811,412

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

136

 

Schedule of Investments		October 31, 2023
	Global X Renewable Energy Producers ETF

	Shares		Value
COMMON STOCK — continued
DENMARK — 4.3%
Utilities — 4.3%
Orsted		39,368	$	1,894,432
FRANCE — 3.5%
Utilities — 3.5%
Neoen		57,306		1,507,048
GERMANY — 3.6%
Energy — 1.8%
VERBIO Vereinigte BioEnergie (A)		23,927		806,023
Utilities — 1.8%
Encavis *		60,157		782,428
TOTAL GERMANY				1,588,451
GREECE — 1.5%
Utilities — 1.5%
Terna Energy		44,059		660,836
INDIA — 1.3%
Utilities — 1.3%
ReNew Energy Global, Cl A * (A)		106,317		574,112
ISRAEL — 2.5%
Utilities — 2.5%
Energix-Renewable Energies		205,206		498,261
Enlight Renewable Energy * (A)		44,501		598,513
TOTAL ISRAEL				1,096,774
ITALY — 3.2%
Utilities — 3.2%
ERG		56,627		1,388,635
JAPAN — 1.4%
Utilities — 1.4%
RENOVA *		29,844		212,630

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

137

 

Schedule of Investments		October 31, 2023
	Global X Renewable Energy Producers ETF

	Shares		Value
COMMON STOCK — continued
Utilities — continued
West Holdings		17,061	$	372,887
TOTAL JAPAN				585,517
NEW ZEALAND — 13.4%
Utilities — 13.4%
Contact Energy		294,605		1,334,869
Mercury NZ		521,124		1,788,356
Meridian Energy (A)		971,927		2,730,497
TOTAL NEW ZEALAND				5,853,722
PORTUGAL — 0.8%
Utilities — 0.8%
Greenvolt-Energias Renovaveis * (A)		52,426		349,666
RUSSIA — 0.0%
Utilities — 0.0%
RusHydro PJSC (B)		271,804,543		—
SOUTH AFRICA — 0.7%
Utilities — 0.7%
Scatec *		60,072		302,734
SPAIN — 10.1%
Utilities — 10.1%
Atlantica Sustainable Infrastructure		43,681		791,063
EDP Renovaveis		182,100		2,923,778
Solaria Energia y Medio Ambiente *		47,070		704,008
TOTAL SPAIN				4,418,849
THAILAND — 4.2%
Utilities — 4.2%
Energy Absolute NVDR		1,402,265		1,638,593
Gunkul Engineering NVDR		3,269,540		207,402
TOTAL THAILAND				1,845,995

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

138

 

Schedule of Investments		October 31, 2023
	Global X Renewable Energy Producers ETF

	Shares		Value
COMMON STOCK — continued
TURKEY — 0.4%
Utilities — 0.4%
Aydem Yenilenebilir Enerji *		268,923	$	187,724
Galata Wind Enerji		1		1
TOTAL TURKEY				187,725
UNITED KINGDOM — 1.7%
Utilities — 1.7%
Drax Group		146,381		750,644
UNITED STATES — 9.6%
Energy — 0.2%
Enviva		24,178		87,524
Industrials — 1.8%
Sunrun *		80,589		777,684
Utilities — 7.6%
Clearway Energy, Cl C		31,009		673,205
NextEra Energy Partners		33,461		905,789
Ormat Technologies		22,370		1,376,650
Sunnova Energy International * (A)		43,119		393,677
				3,349,321
TOTAL UNITED STATES				4,214,529
TOTAL COMMON STOCK (Cost $80,366,891)				41,413,762
MASTER LIMITED PARTNERSHIP — 5.2%
CANADA— 5.2%
Utilities — 5.2%
Brookfield Renewable Partners, Cl A		108,861		2,267,006
TOTAL MASTER LIMITED PARTNERSHIP (Cost $2,586,104)				2,267,006
TOTAL MASTER LIMITED PARTNERSHIP

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

139

 

Schedule of Investments		October 31, 2023
	Global X Renewable Energy Producers ETF

	Face Amount		Value
REPURCHASE AGREEMENTS(C) — 2.9%
Bank of America 5.310%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $301,753 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $5,021 - $131,096, 2.000% - 6.500%, 04/01/48 - 10/01/53, with a total market value of $307,742)	$	301,708	$	301,708
Citigroup Global Markets 5.310%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $301,753 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $42 - $55,260, 2.000% - 7.715%, 12/01/27 - 06/20/73, with a total market value of $307,742)		301,708		301,708
Daiwa Capital Markets 5.320%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $301,753 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $19 - $23,834, 0.125% - 7.000%, 01/15/24 - 11/01/53, with a total market value of $307,742)		301,708		301,708
HSBC Securities 5.310%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $295,718 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $2,957 - $294,883, 2.500% - 7.000%, 06/20/33 - 10/20/53, with a total market value of $301,587)		295,674		295,674

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

140

 

Schedule of Investments		October 31, 2023
	Global X Renewable Energy Producers ETF

	Face Amount		Value
REPURCHASE AGREEMENTS — continued
RBC Dominion Securities 5.310%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $83,081 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $3 - $21,773, 0.000% - 6.500%, 11/07/23 - 08/20/53, with a total market value of $84,730)	$	83,069	$	83,069
TOTAL REPURCHASE AGREEMENTS (Cost $1,283,867)				1,283,867
TOTAL INVESTMENTS — 102.7% (Cost $84,236,862)			$	44,964,635

Percentages are based on Net Assets of $43,796,687.

*	Non-income producing security.
(A)	This security or a partial position of this security is on loan at October 31, 2023. The total market value of securities on loan at October 31, 2023 was $2,047,817.
(B)	Level 3 security in accordance with fair value hierarchy.
(C)	These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2023 was $1,283,867. The total value of non-cash collateral held from securities on loan as of October 31, 2023 was $825,049.

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

141

 

Schedule of Investments		October 31, 2023
	Global X Renewable Energy Producers ETF

The following is a summary of the level of inputs used as of October 31, 2023, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3(1)			Total
Common Stock	$	41,413,762	$	—	$	—	^	$	41,413,762
Master Limited Partnership		2,267,006		—		—			2,267,006
Repurchase Agreements		—		1,283,867		—			1,283,867
Total Investments in Securities	$	43,680,768	$	1,283,867	$	—		$	44,964,635

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

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

See “Glossary” for abbreviations.

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

142

Schedule of Investments		October 31, 2023
	Global X S&P 500® Catholic Values ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK — 99.9%
CHINA — 0.2%
Information Technology — 0.2%
NXP Semiconductors		5,187	$	894,395
UNITED STATES — 99.7%
Communication Services — 8.8%
Alphabet, Cl A *		114,967		14,265,105
Alphabet, Cl C *		97,586		12,227,526
AT&T		137,226		2,113,280
Charter Communications, Cl A *		2,055		827,754
Comcast, Cl A		80,883		3,339,659
Electronic Arts		5,445		674,036
Fox, Cl A		4,958		150,674
Fox, Cl B		3,164		88,307
Interpublic Group		8,218		233,391
Match Group *		5,131		177,533
Meta Platforms, Cl A *		43,086		12,980,519
Netflix *		8,570		3,528,183
News, Cl A		8,115		167,818
News, Cl B		2,559		54,865
Omnicom Group		4,020		301,138

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

143

Schedule of Investments		October 31, 2023
	Global X S&P 500® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Paramount Global, Cl B		11,285	$	122,781
Take-Two Interactive Software *		3,225		431,344
T-Mobile US *		9,688		1,393,716
Verizon Communications		80,974		2,844,617
Walt Disney *		35,249		2,875,966
Warner Bros Discovery *		42,790		425,333
				59,223,545
Consumer Discretionary — 9.9%
Aptiv *		7,631		665,423
AutoZone *		526		1,302,970
Bath & Body Works		5,107		151,423
Best Buy		5,437		363,300
Booking Holdings *		1,026		2,862,089
BorgWarner		6,615		244,093
CarMax *		4,389		268,124
Carnival *		28,142		322,507
Chipotle Mexican Grill, Cl A *		814		1,580,951
Darden Restaurants		3,432		499,459
Domino’s Pizza		1,013		343,397
DR Horton		8,778		916,423
eBay		15,034		589,784
Etsy *		2,671		166,403
Expedia Group *		3,990		380,207
Ford Motor		110,950		1,081,763
Garmin		4,266		437,393
General Motors		39,254		1,106,963
Genuine Parts		3,949		508,868
Hasbro		3,691		166,649
Hilton Worldwide Holdings		7,488		1,134,657
Home Depot		28,680		8,164,909
Lennar, Cl A		7,109		758,388
LKQ		7,101		311,876
Lowe’s		16,881		3,217,012
Marriott International, Cl A		7,259		1,368,757
McDonald’s		20,684		5,422,724
Mohawk Industries *		1,109		89,141
NIKE, Cl B		34,840		3,580,507
Norwegian Cruise Line Holdings *		11,968		162,765

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

144

Schedule of Investments		October 31, 2023
	Global X S&P 500® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
NVR *		94	$	508,786
O’Reilly Automotive *		1,692		1,574,304
Pool		944		298,087
PulteGroup		5,689		418,654
Ralph Lauren, Cl A		1,214		136,611
Ross Stores		9,613		1,114,820
Starbucks		32,396		2,988,207
Tapestry		5,925		163,293
Tesla *		79,388		15,944,286
TJX		32,571		2,868,528
Tractor Supply		3,051		587,501
Ulta Beauty *		1,402		534,597
VF		9,321		137,298
Whirlpool		1,334		139,483
Yum! Brands		7,896		954,311
				66,537,691
Consumer Staples — 6.5%
Archer-Daniels-Midland		15,972		1,143,116
Brown-Forman, Cl B		4,726		265,412
Bunge		4,379		464,086
Campbell Soup		5,145		207,909
Clorox		3,381		397,944
Coca-Cola		121,068		6,839,131
Colgate-Palmolive		25,257		1,897,306
Conagra Brands		13,652		373,519
Constellation Brands, Cl A		4,875		1,141,481
Costco Wholesale		13,812		7,630,301
Dollar General		6,418		763,999
Dollar Tree *		6,106		678,316
Estee Lauder, Cl A		6,978		899,255
General Mills		17,608		1,148,746
Hormel Foods		9,040		294,252
J M Smucker		2,971		338,219
Kellanova		7,284		367,623
Keurig Dr Pepper		30,092		912,690
Kimberly-Clark		10,212		1,221,764
Kraft Heinz		25,074		788,828
Kroger		19,659		891,929

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

145

Schedule of Investments		October 31, 2023
	Global X S&P 500® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Lamb Weston Holdings		4,637	$	416,403
McCormick		6,903		441,102
Molson Coors Beverage, Cl B		6,006		346,967
Monster Beverage *		21,900		1,119,090
Procter & Gamble		74,035		11,107,471
Sysco		15,152		1,007,456
Tyson Foods, Cl A		7,721		357,868
Walgreens Boots Alliance		19,602		413,210
				43,875,393
Energy — 4.6%
APA		6,185		245,668
Baker Hughes, Cl A		19,468		670,089
Chevron		34,433		5,017,921
ConocoPhillips		23,424		2,782,771
Coterra Energy		16,465		452,787
Devon Energy		12,033		560,377
Diamondback Energy		3,330		533,866
EOG Resources		11,420		1,441,775
EQT		6,002		254,365
Exxon Mobil		76,693		8,117,954
Halliburton		18,213		716,499
Hess		5,472		790,157
Kinder Morgan		37,763		611,761
Marathon Oil		11,545		315,294
Marathon Petroleum		8,173		1,236,166
Occidental Petroleum		13,746		849,640
ONEOK		11,204		730,501
Phillips 66		9,207		1,050,242
Pioneer Natural Resources		4,398		1,051,122
Schlumberger		27,850		1,550,131
Targa Resources		3,851		321,982
Valero Energy		7,372		936,244
Williams		23,550		810,120
				31,047,432
Financials — 12.8%
Aflac		10,855		847,884
Allstate		5,116		655,513

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

146

Schedule of Investments		October 31, 2023
	Global X S&P 500® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
American Express		11,293	$	1,649,117
American International Group		13,901		852,270
Ameriprise Financial		2,054		646,127
Aon, Cl A		3,905		1,208,207
Arch Capital Group *		6,677		578,762
Arthur J Gallagher		3,975		936,073
Assurant		1,254		186,721
Bank of America		134,253		3,536,224
Bank of New York Mellon		15,059		640,008
Berkshire Hathaway, Cl B *		35,253		12,032,907
BlackRock, Cl A		2,836		1,736,426
Brown & Brown		3,975		275,945
Capital One Financial		7,136		722,805
Cboe Global Markets		2,441		400,056
Charles Schwab		29,260		1,522,690
Chubb		7,866		1,688,201
Cincinnati Financial		3,036		302,598
Citigroup		37,607		1,485,100
Citizens Financial Group		8,463		198,288
CME Group, Cl A		6,902		1,473,301
Comerica		2,503		98,618
Discover Financial Services		4,912		403,177
Everest Group		802		317,287
FactSet Research Systems		702		303,187
Fidelity National Information Services		12,018		590,204
Fifth Third Bancorp		12,221		289,760
Fiserv *		12,029		1,368,299
FleetCor Technologies *		1,298		292,271
Franklin Resources		6,031		137,447
Global Payments		4,767		506,351
Globe Life		1,963		228,415
Goldman Sachs Group		6,341		1,925,191
Hartford Financial Services Group		6,601		484,843
Huntington Bancshares		28,153		271,676
Intercontinental Exchange		10,870		1,167,873
Invesco		6,661		86,393
Jack Henry & Associates		1,373		193,579
JPMorgan Chase		56,602		7,871,074
KeyCorp		18,249		186,505

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

147

Schedule of Investments		October 31, 2023
	Global X S&P 500® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Loews		3,807	$	243,686
M&T Bank		3,371		380,080
MarketAxess Holdings		733		156,679
Marsh & McLennan		9,731		1,845,484
Mastercard, Cl A		16,064		6,045,686
MetLife		12,284		737,163
Moody’s		3,034		934,472
Morgan Stanley		24,900		1,763,418
MSCI, Cl A		1,537		724,772
Nasdaq		7,327		363,419
Northern Trust		3,976		262,058
PayPal Holdings *		21,070		1,091,426
PNC Financial Services Group		7,771		889,546
Principal Financial Group		4,647		314,509
Progressive		11,422		1,805,704
Prudential Financial		7,380		674,827
Raymond James Financial		3,967		378,610
Regions Financial		20,143		292,678
S&P Global		6,277		2,192,619
State Street		6,524		421,646
Synchrony Financial		8,647		242,548
T Rowe Price Group		4,300		389,150
Travelers		4,254		712,290
Truist Financial		25,875		733,815
US Bancorp		28,668		913,936
Visa, Cl A		31,058		7,301,736
W R Berkley		3,894		262,533
Wells Fargo		72,913		2,899,750
Willis Towers Watson		1,985		468,242
Zions Bancorp		2,893		89,249
				85,829,104
Health Care — 13.2%
Align Technology *		4,401		812,381
Baxter International		31,258		1,013,697
Boston Scientific *		90,665		4,641,141
Cardinal Health		16,107		1,465,737
Cencora		10,455		1,935,743
Cigna Group		18,564		5,739,989

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

148

Schedule of Investments		October 31, 2023
	Global X S&P 500® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
CVS Health		80,340	$	5,544,263
DaVita *		3,732		288,222
DENTSPLY SIRONA		14,216		432,309
Dexcom *		23,827		2,116,552
Edwards Lifesciences *		37,288		2,375,991
Elevance Health		14,781		6,652,780
GE HealthCare Technologies		24,027		1,599,477
Gilead Sciences		78,151		6,137,980
Henry Schein *		7,997		519,645
Hologic *		15,412		1,019,812
Humana		7,770		4,069,071
IDEXX Laboratories *		5,194		2,074,847
Incyte *		11,203		604,178
Insulet *		4,254		563,953
Intuitive Surgical *		21,829		5,724,000
IQVIA Holdings *		11,434		2,067,610
Laboratory Corp of America Holdings		5,582		1,114,893
McKesson		8,465		3,854,622
Medtronic		82,683		5,834,112
Mettler-Toledo International *		1,383		1,362,532
Molina Healthcare *		3,496		1,163,993
Quest Diagnostics		6,845		890,535
ResMed		9,066		1,280,301
STERIS PLC		6,210		1,303,976
Stryker		21,200		5,728,664
Teleflex		2,770		511,758
Waters *		3,752		894,965
West Pharmaceutical Services		4,557		1,450,448
Zimmer Biomet Holdings		12,872		1,343,966
Zoetis, Cl A		28,870		4,532,590
				88,666,733
Industrials — 8.3%
3M		14,290		1,299,675
A O Smith		3,387		236,277
Alaska Air Group *		3,725		117,822
Allegion		2,362		232,326
American Airlines Group *		16,622		185,335
AMETEK		6,144		864,891

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

149

Schedule of Investments		October 31, 2023
	Global X S&P 500® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Automatic Data Processing		10,934	$	2,386,017
Axon Enterprise *		1,808		369,718
Broadridge Financial Solutions		3,076		524,889
Carrier Global		22,844		1,088,745
Caterpillar		13,485		3,048,284
Ceridian HCM Holding *		4,044		258,856
CH Robinson Worldwide		3,368		275,603
Cintas		2,249		1,140,513
Copart *		22,662		986,250
CSX		53,847		1,607,333
Cummins		3,788		819,344
Deere		7,120		2,601,363
Delta Air Lines		16,714		522,313
Dover		3,778		490,951
Eaton		10,537		2,190,748
Emerson Electric		15,610		1,388,822
Equifax		3,163		536,350
Expeditors International of Washington		4,261		465,514
Fastenal		14,925		870,725
FedEx		6,158		1,478,536
Fortive		9,280		605,798
Generac Holdings *		1,565		131,570
Howmet Aerospace		9,916		437,296
IDEX		1,966		376,312
Illinois Tool Works		7,202		1,614,112
Ingersoll Rand		10,488		636,412
JB Hunt Transport Services		2,261		388,598
Johnson Controls International		18,537		908,684
Masco		5,439		283,318
Nordson		1,280		272,115
Norfolk Southern		6,033		1,151,036
Old Dominion Freight Line		2,481		934,493
Otis Worldwide		10,572		816,264
PACCAR		13,566		1,119,602
Parker-Hannifin		3,500		1,291,185
Paychex		8,449		938,261
Paycom Software		1,290		316,011
Pentair		4,158		241,663
Quanta Services		3,664		612,328

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

150

Schedule of Investments		October 31, 2023
	Global X S&P 500® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Republic Services, Cl A		5,408	$	803,034
Robert Half		2,790		208,608
Rockwell Automation		2,947		774,501
Rollins		6,498		244,390
Snap-On		1,357		350,025
Southwest Airlines		15,846		352,257
Stanley Black & Decker		4,172		354,829
Trane Technologies		6,261		1,191,531
TransDigm Group *		1,377		1,140,280
Union Pacific		16,162		3,355,393
United Airlines Holdings *		8,318		291,213
United Parcel Service, Cl B		19,242		2,717,933
United Rentals		1,760		715,035
Verisk Analytics, Cl A		3,836		872,153
Waste Management		9,582		1,574,610
Westinghouse Air Brake Technologies		4,948		524,587
WW Grainger		1,169		853,171
Xylem		6,450		603,333
				55,989,141
Information Technology — 28.3%
Accenture, Cl A		12,104		3,595,977
Adobe *		8,990		4,783,219
Advanced Micro Devices *		31,495		3,102,257
Akamai Technologies *		3,293		340,266
Amphenol, Cl A		11,672		940,180
Analog Devices		9,704		1,526,730
ANSYS *		1,639		456,068
Apple		284,536		48,590,213
Applied Materials		16,338		2,162,334
Arista Networks *		4,704		942,540
Autodesk *		4,213		832,615
Broadcom		7,991		6,723,388
Cadence Design Systems *		5,352		1,283,677
CDW		2,642		529,457
Cisco Systems		79,182		4,127,758
Cognizant Technology Solutions, Cl A		10,144		653,984
Enphase Energy *		2,586		205,794
EPAM Systems *		1,010		219,746

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

151

Schedule of Investments		October 31, 2023
	Global X S&P 500® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
F5 *		1,340	$	203,131
Fair Isaac *		449		379,796
First Solar *		1,927		274,501
Fortinet *		13,104		749,156
Gartner *		1,541		511,674
Gen Digital		11,038		183,893
Hewlett Packard Enterprise		27,370		420,951
HP		18,158		478,100
Intel		79,262		2,893,063
International Business Machines		17,461		2,525,559
Intuit		5,372		2,658,871
Juniper Networks		7,317		196,974
Keysight Technologies *		3,649		445,360
KLA		2,725		1,279,932
Lam Research		2,608		1,534,078
Microchip Technology		10,618		756,957
Micron Technology		21,866		1,462,179
Microsoft		143,851		48,637,462
Monolithic Power Systems		938		414,352
Motorola Solutions		3,135		872,972
NetApp		4,203		305,894
NVIDIA		47,825		19,503,035
ON Semiconductor *		7,931		496,798
Oracle		30,481		3,151,735
Palo Alto Networks *		5,691		1,383,027
PTC *		2,131		299,235
Qorvo *		2,125		185,768
QUALCOMM		21,404		2,332,822
Roper Technologies		2,017		985,446
Salesforce *		18,783		3,772,190
Seagate Technology Holdings		3,971		271,021
ServiceNow *		3,898		2,268,051
Skyworks Solutions		3,057		265,164
SolarEdge Technologies *		980		74,431
Synopsys *		2,891		1,357,151
TE Connectivity		6,422		756,833
Teledyne Technologies *		987		369,720
Teradyne		3,146		261,967
Texas Instruments		17,385		2,468,844

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

152

Schedule of Investments		October 31, 2023
	Global X S&P 500® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Trimble *		4,923	$	232,021
Tyler Technologies *		901		335,983
VeriSign *		1,737		346,809
Western Digital *		6,410		257,362
Zebra Technologies, Cl A *		1,096		229,535
				189,806,006
Materials — 2.5%
Air Products & Chemicals		4,220		1,191,897
Albemarle		2,428		307,822
Amcor		31,487		279,919
Avery Dennison		1,643		285,997
Ball		6,350		305,752
CF Industries Holdings		3,445		274,842
Corteva		14,048		676,271
Dow		14,300		691,262
DuPont de Nemours		8,864		646,008
Ecolab		4,932		827,294
FMC		2,802		149,066
Freeport-McMoRan		28,359		957,967
International Flavors & Fragrances		5,175		353,711
International Paper		7,364		248,388
Linde		9,485		3,624,788
LyondellBasell Industries, Cl A		5,236		472,497
Martin Marietta Materials		1,219		498,498
Mosaic		7,260		235,805
Newmont		15,534		582,059
Nucor		4,964		733,629
Packaging Corp of America		1,806		276,408
PPG Industries		4,692		576,037
Sealed Air		3,024		93,109
Sherwin-Williams		4,679		1,114,585
Steel Dynamics		3,196		340,406
Vulcan Materials		2,751		540,544
Westrock		5,400		194,022
				16,478,583
Real Estate — 2.3%
Alexandria Real Estate Equities ‡		2,955		275,199

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

153

Schedule of Investments		October 31, 2023
	Global X S&P 500® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
American Tower ‡		9,530	$	1,698,151
AvalonBay Communities ‡		2,867		475,177
Boston Properties ‡		3,067		164,299
Camden Property Trust ‡		1,994		169,251
CBRE Group, Cl A *		6,705		464,925
CoStar Group *		7,794		572,158
Crown Castle ‡		8,878		825,476
Digital Realty Trust ‡		5,731		712,707
Equinix ‡		1,852		1,351,293
Equity Residential ‡		6,765		374,307
Essex Property Trust ‡		1,408		301,199
Extra Space Storage ‡		4,339		449,477
Federal Realty Investment Trust ‡		1,430		130,402
Host Hotels & Resorts ‡		15,327		237,262
Invitation Homes ‡		11,073		328,757
Iron Mountain ‡		5,739		339,003
Kimco Realty ‡		12,137		217,738
Mid-America Apartment Communities ‡		2,383		281,551
ProLogis ‡		19,014		1,915,660
Public Storage ‡		3,134		748,117
Realty Income ‡		14,031		664,789
Regency Centers ‡		3,215		193,736
SBA Communications, Cl A ‡		2,304		480,684
Simon Property Group ‡		6,619		727,362
UDR ‡		5,964		189,715
Welltower ‡		10,351		865,447
Weyerhaeuser ‡		15,798		453,245
				15,607,087
Utilities — 2.5%
AES		13,822		205,948
Alliant Energy		5,081		247,902
Ameren		5,206		394,146
American Electric Power		9,685		731,605
American Water Works		3,600		423,540
Atmos Energy		2,476		266,566
CenterPoint Energy		11,301		303,771
CMS Energy		5,827		316,639
Consolidated Edison		6,728		590,651

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

154

Schedule of Investments		October 31, 2023
	Global X S&P 500® Catholic Values ETF

	Shares		Value
COMMON STOCK — continued
Utilities — continued
Constellation Energy		6,341	$	716,026
Dominion Energy		15,733		634,355
DTE Energy		3,916		377,424
Duke Energy		15,061		1,338,772
Edison International		7,392		466,140
Entergy		3,983		380,735
Evergy		4,796		235,675
Eversource Energy		6,744		362,760
Exelon		18,904		736,122
FirstEnergy		10,762		383,127
NextEra Energy		38,411		2,239,361
NiSource		7,351		184,951
NRG Energy		5,319		225,419
PG&E *		37,531		611,755
Pinnacle West Capital		2,428		180,109
PPL		15,029		369,263
Public Service Enterprise Group		9,613		592,641
Sempra		12,480		873,974
Southern		20,670		1,391,091
WEC Energy Group		6,179		502,909
Xcel Energy		10,876		644,621
				16,927,998
TOTAL UNITED STATES				669,988,713
TOTAL COMMON STOCK (Cost $599,700,496)				670,883,108
TOTAL INVESTMENTS — 99.9% (Cost $599,700,496)			$	670,883,108

Percentages are based on Net Assets of $671,797,193.

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

As of October 31, 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.

155

Schedule of Investments	October 31, 2023
Global X MSCI SuperDividend® EAFE ETF

Sector Weightings (Unaudited)†:

  

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK — 97.7%
AUSTRALIA — 7.5%
Energy — 2.1%
Woodside Energy Group		9,455	$	205,096
Materials — 3.7%
BHP Group		7,331		206,553
South32		79,652		167,433
				373,986
Real Estate — 1.7%
Vicinity ‡		160,125		172,352
TOTAL AUSTRALIA				751,434
AUSTRIA — 2.0%
Energy — 2.0%
OMV		4,686		204,861
BELGIUM — 1.8%
Financials — 1.8%
Ageas		4,842		185,579

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

156

Schedule of Investments	October 31, 2023
Global X MSCI SuperDividend® EAFE ETF

	Shares		Value
COMMON STOCK — continued
BRAZIL — 1.8%
Materials — 1.8%
Yara International		5,541	$	181,035
FINLAND — 4.0%
Financials — 2.2%
Nordea Bank Abp		20,783		218,197
Utilities — 1.8%
Fortum		15,185		179,767
TOTAL FINLAND				397,964
FRANCE — 8.3%
Communication Services — 2.0%
Orange		17,645		207,211
Financials — 4.1%
AXA		7,196		212,631
Credit Agricole		16,828		202,384
				415,015
Utilities — 2.2%
Engie		13,783		218,588
TOTAL FRANCE				840,814
GERMANY — 3.1%
Communication Services — 1.2%
Telefonica Deutschland Holding		72,234		122,430
Materials — 1.9%
BASF		4,194		192,994
TOTAL GERMANY				315,424
HONG KONG — 8.3%
Communication Services — 1.7%
HKT Trust & HKT		165,220		171,035

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

157

Schedule of Investments	October 31, 2023
Global X MSCI SuperDividend® EAFE ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — 3.2%
Henderson Land Development		62,300	$	162,426
New World Development		86,800		159,077
				321,503
Utilities — 3.4%
CK Infrastructure Holdings		36,700		170,025
Power Assets Holdings		36,506		174,491
				344,516
TOTAL HONG KONG				837,054
ISRAEL — 1.2%
Materials — 1.2%
ICL Group		25,643		124,236
ITALY — 8.2%
Financials — 6.4%
Assicurazioni Generali		10,512		208,280
Mediobanca Banca di Credito Finanziario		19,923		237,331
Poste Italiane		20,420		201,595
				647,206
Utilities — 1.8%
Snam		39,255		179,664
TOTAL ITALY				826,870
JAPAN — 14.5%
Communication Services — 2.2%
SoftBank		19,675		221,505
Financials — 2.5%
Japan Post Holdings		28,789		253,587
Industrials — 7.9%
Kawasaki Kisen Kaisha		9,188		312,020
Mitsui OSK Lines		9,484		243,167
Nippon Yusen		9,907		240,536
				795,723

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

158

Schedule of Investments	October 31, 2023
Global X MSCI SuperDividend® EAFE ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — 1.9%
Japan Metropolitan Fund Invest ‡		300	$	193,140
TOTAL JAPAN				1,463,955
NETHERLANDS — 1.8%
Financials — 1.8%
NN Group		5,654		180,843
NEW ZEALAND — 1.9%
Communication Services — 1.9%
Spark New Zealand		65,420		189,116
NORWAY — 4.7%
Communication Services — 2.0%
Telenor		19,795		202,261
Energy — 2.7%
Aker BP		9,437		271,241
TOTAL NORWAY				473,502
PORTUGAL — 1.7%
Utilities — 1.7%
EDP - Energias de Portugal		41,800		175,406
SPAIN — 4.3%
Industrials — 2.4%
ACS Actividades de Construccion y Servicios		6,709		242,314
Utilities — 1.9%
Enagas		11,192		186,855
TOTAL SPAIN				429,169
SWITZERLAND — 4.6%
Financials — 2.1%
Zurich Insurance Group		452		213,869

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

159

Schedule of Investments	October 31, 2023
Global X MSCI SuperDividend® EAFE ETF

	Shares		Value
COMMON STOCK — continued
Industrials — 2.5%
Adecco Group		6,753	$	254,077
TOTAL SWITZERLAND				467,946
UNITED KINGDOM — 13.3%
Communication Services — 1.9%
Vodafone Group		208,450		191,477
Consumer Staples — 1.9%
British American Tobacco		6,495		193,408
Financials — 7.6%
Aviva		41,899		202,148
Legal & General Group		73,636		188,893
M&G		86,194		207,301
Phoenix Group Holdings		30,055		165,501
				763,843
Utilities — 1.9%
National Grid		15,698		186,410
TOTAL UNITED KINGDOM				1,335,138
UNITED STATES — 4.7%
Consumer Discretionary — 2.4%
Stellantis		12,957		241,043
Financials — 2.3%
Swiss Re		2,121		231,013
TOTAL UNITED STATES				472,056
TOTAL COMMON STOCK (Cost $10,906,168)				9,852,402

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

160

Schedule of Investments	October 31, 2023
Global X MSCI SuperDividend® EAFE ETF

	Shares		Value
PREFERRED STOCK — 1.7%
GERMANY—1.7%
Consumer Discretionary — 1.7%
Bayerische Motoren Werke (A)		2,040	$	172,826
TOTAL PREFERRED STOCK (Cost $209,088)				172,826
TOTAL INVESTMENTS — 99.4% (Cost $11,115,256)			$	10,025,228

Percentages are based on Net Assets of $10,081,976.

‡	Real Estate Investment Trust
(A)	There is currently no stated interest rate.

As of October 31, 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.

161

Schedule of Investments	October 31, 2023
Global X E-commerce ETF

Sector Weightings (Unaudited)†:

 

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK — 99.9%
AUSTRALIA — 0.6%
Consumer Discretionary — 0.6%
Temple & Webster Group * (A)		96,959	$	343,169
BRAZIL — 5.7%
Communication Services — 0.5%
VTEX, Cl A *		60,730		328,549
Consumer Discretionary — 5.2%
MercadoLibre *		2,568		3,186,221
TOTAL BRAZIL				3,514,770
CANADA — 3.2%
Information Technology — 3.2%
Shopify, Cl A *		41,919		1,978,157
CHINA — 26.9%
Communication Services — 4.8%
NetEase ADR		28,100		3,004,452

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

162

Schedule of Investments	October 31, 2023
Global X E-commerce ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — 21.6%
Alibaba Group Holding ADR *		30,554	$	2,521,927
Baozun ADR *		66,396		200,516
JD.com ADR		74,903		1,904,034
PDD Holdings ADR *		36,454		3,697,165
Trip.com Group ADR *		77,621		2,639,114
Vipshop Holdings ADR *		169,693		2,419,822
				13,382,578
Financials — 0.5%
LexinFintech Holdings ADR		169,026		308,473
TOTAL CHINA				16,695,503
GERMANY — 0.5%
Consumer Discretionary — 0.5%
Jumia Technologies ADR * (A)		122,548		301,468
ISRAEL — 3.7%
Consumer Discretionary — 3.7%
Global-e Online, Cl E *		65,670		2,305,674
JAPAN — 4.7%
Consumer Discretionary — 4.4%
Rakuten Group		748,312		2,751,230
Information Technology — 0.3%
BASE *		117,211		190,392
TOTAL JAPAN				2,941,622
SINGAPORE — 3.1%
Communication Services — 3.1%
Sea ADR *		46,756		1,949,725
UNITED KINGDOM — 0.7%
Consumer Discretionary — 0.7%
ASOS * (A)		94,871		455,187

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

163

Schedule of Investments	October 31, 2023
Global X E-commerce ETF

	Shares		Value
COMMON STOCK — continued
UNITED STATES — 50.8%
Communication Services — 5.3%
Angi, Cl A *		95,998	$	154,557
Shutterstock		30,035		1,221,824
TripAdvisor *		132,054		1,949,117
				3,325,498
Consumer Discretionary — 31.6%
Amazon.com *		21,945		2,920,660
Beyond *		54,727		853,741
Booking Holdings *		1,042		2,906,722
eBay		63,913		2,507,307
Etsy *		31,680		1,973,664
Expedia Group *		24,682		2,351,948
Groupon, Cl A * (A)		31,860		407,489
Lands’ End *		25,057		157,358
PetMed Express		24,963		171,995
Qurate Retail, Cl A *		421,247		185,644
Wayfair, Cl A *		40,862		1,741,130
Williams-Sonoma		22,701		3,410,598
				19,588,256
Financials — 0.7%
eHealth *		27,514		236,070
LendingTree *		13,197		174,596
				410,666
Industrials — 3.3%
ACV Auctions, Cl A *		155,877		2,077,840
Information Technology — 6.0%
BigCommerce Holdings *		75,123		667,843
GoDaddy, Cl A *		38,186		2,796,361
LivePerson *		89,676		236,745
				3,700,949

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

164

Schedule of Investments	October 31, 2023
Global X E-commerce ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — 3.9%
CoStar Group *		33,241	$	2,440,222
TOTAL UNITED STATES				31,543,431
TOTAL COMMON STOCK (Cost $104,618,527)				62,028,706
	Face Amount
REPURCHASE AGREEMENTS(B) — 0.9%
Bank of America 5.310%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $50,148 (collateralized by various U.S. Government Obligations, ranging in par value $834 - $21,787, 2.00% - 6.500%, 04/01/2048 – 10/01/2053; with total market value $51,144)	$	50,141		50,141
Citigroup Global Markets 5.310%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $249,037 (collateralized by various U.S. Government Obligations, ranging in par value $35 - $45,606, 2.00% - 7.715%, 12/01/2027 – 6/20/2073; with total market value $253,980)		249,000		249,000
Daiwa Capital Markets 5.320%, dated 10/31/2023, to be repurchased on 11/01/2023, repurchase price $249,037 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $15 - $19,670, 0.125% - 7.000%, 01/15/2024 – 11/01/2053; with total market value $253,980)		249,000		249,000
TOTAL REPURCHASE AGREEMENTS (Cost $548,141)				548,141
TOTAL INVESTMENTS — 100.8% (Cost $105,166,668)			$	62,576,847

Percentages are based on Net Assets of $62,068,545.

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

165

Schedule of Investments	October 31, 2023
Global X E-commerce ETF

*	Non-income producing security.
(A)	This security or a partial position of this security is on loan at October 31, 2023. The total market value of securities on loan at October 31, 2023 was $802,249.
(B)	These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of October 31, 2023 was $548,141. The total value of non-cash collateral held from securities on loan as of October 31, 2023 was $272,385.

The following is a summary of the level of inputs used as of October 31, 2023, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	62,028,706	$	—	$	—	$	62,028,706
Repurchase Agreements		—		548,141		—		548,141
Total Investments in Securities	$	62,028,706	$	548,141	$	—	$	62,576,847

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.

166

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

Sector Weightings (Unaudited)†:

 

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK(A) — 66.5%
BAHAMAS — 0.0%
Consumer Discretionary — 0.0%
OneSpaWorld Holdings *		32,104	$	336,450
BERMUDA — 0.1%
Energy — 0.0%
Teekay *		49,003		344,491
Financials — 0.1%
Bank of NT Butterfield & Son		21,713		548,470
Fidelis Insurance Holdings *		6,651		94,045
SiriusPoint *		52,035		512,545
				1,155,060
Industrials — 0.0%
Himalaya Shipping *		15,759		71,546
TOTAL BERMUDA				1,571,097
BRAZIL — 0.1%
Financials — 0.1%
Pagseguro Digital, Cl A *		89,399		631,157

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

167

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
StoneCo, Cl A *		129,422	$	1,283,219
TOTAL BRAZIL				1,914,376
CAMEROON — 0.1%
Energy — 0.1%
Golar LNG		44,227		992,012
CANADA — 0.2%
Consumer Staples — 0.0%
SunOpta *		40,348		154,936
Energy — 0.0%
Encore Energy *		1		3
Teekay Tankers, Cl A		10,308		512,308
				512,311
Financials — 0.0%
Kingsway Financial Services *		7,322		56,526
Health Care — 0.1%
Aurinia Pharmaceuticals *		60,419		443,476
Fennec Pharmaceuticals *		10,398		71,538
				515,014
Industrials — 0.0%
Brookfield Business, Cl A		11,675		166,019
Li-Cycle Holdings *		1		1
				166,020
Materials — 0.0%
i-80 Gold *		1		1
NioCorp Developments *		5,380		24,102
Novagold Resources *		98,097		345,302
PolyMet Mining *		1		2
				369,407

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

168

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Utilities — 0.1%
Brookfield Infrastructure, Cl A		54,907	$	1,414,413
TOTAL CANADA				3,188,627
CAYMAN ISLANDS — 0.1%
Consumer Discretionary — 0.0%
Livewire Group *		6,872		73,668
Financials — 0.1%
Patria Investments, Cl A		25,362		326,916
Utilities — 0.0%
Consolidated Water		7,585		223,909
TOTAL CAYMAN ISLANDS				624,493
CHINA — 0.1%
Industrials — 0.1%
Textainer Group Holdings		20,012		982,989
Information Technology — 0.0%
Bit Digital *		1		2
indie Semiconductor, Cl A *		62,955		307,850
				307,852
TOTAL CHINA				1,290,841
GERMANY — 0.1%
Materials — 0.1%
Orion		26,461		537,158
GHANA — 0.1%
Energy — 0.1%
Kosmos Energy *		201,470		1,458,643
GIBRALTAR — 0.0%
Consumer Staples — 0.0%
Forafric Global *		4,326		47,759

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

169

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
GREECE — 0.0%
Industrials — 0.0%
Safe Bulkers		1	$	3
GUERNSEY — 0.0%
Consumer Discretionary — 0.0%
Super Group SGHC *		65,642		251,409
IRELAND — 0.1%
Energy — 0.0%
Ardmore Shipping		18,427		244,895
Health Care — 0.1%
Prothena *		19,349		705,465
Industrials — 0.0%
Cimpress *		8,069		481,477
TOTAL IRELAND				1,431,837
ISRAEL — 0.0%
Health Care — 0.0%
Nano-X Imaging, Cl X *		22,381		113,024
Information Technology — 0.0%
Sapiens International		14,240		363,120
TOTAL ISRAEL				476,144
MALTA — 0.0%
Communication Services — 0.0%
Gambling.com Group *		3,671		47,576
MEXICO — 0.1%
Energy — 0.1%
Borr Drilling *		112,613		690,318

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

170

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
MONACO — 0.1%
Energy — 0.1%
Scorpio Tankers		23,640	$	1,327,386
Industrials — 0.0%
Costamare		21,890		197,667
TOTAL MONACO				1,525,053
NORWAY — 0.2%
Energy — 0.2%
FLEX LNG		12,741		389,110
Seadrill *		22,782		900,345
SFL		49,682		539,546
				1,829,001
Industrials — 0.0%
Golden Ocean Group		50,760		368,010
TOTAL NORWAY				2,197,011
PANAMA — 0.0%
Financials — 0.0%
Banco Latinoamericano de Comercio Exterior, Cl E		12,522		282,747
PUERTO RICO — 0.2%
Communication Services — 0.0%
Liberty Latin America, Cl A *		16,493		112,647
Liberty Latin America, Cl C *		63,564		435,414
				548,061
Financials — 0.2%
EVERTEC		30,023		954,131
First BanCorp		83,523		1,115,032
OFG Bancorp		20,787		615,711
				2,684,874
TOTAL PUERTO RICO				3,232,935

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

171

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
SINGAPORE — 0.1%
Communication Services — 0.0%
Grindr *		21,848	$	129,996
Information Technology — 0.1%
Kulicke & Soffa Industries		25,569		1,063,926
TOTAL SINGAPORE				1,193,922
SOUTH AFRICA — 0.0%
Materials — 0.0%
Caledonia Mining		8,946		99,032
THAILAND — 0.2%
Information Technology — 0.2%
Fabrinet *		16,735		2,593,925
UNITED KINGDOM — 0.0%
Health Care — 0.0%
Zura Bio, Cl A *		5,170		24,299
Industrials — 0.0%
Luxfer Holdings		12,150		100,480
TOTAL UNITED KINGDOM				124,779
UNITED STATES — 64.6%
Communication Services — 1.4%
Advantage Solutions *		1		2
AMC Networks, Cl A *		13,913		164,173
Anterix *		8,236		251,116
AST SpaceMobile, Cl A *		29,850		98,803
Atlanta Braves Holdings, Cl A *		4,604		174,538
Atlanta Braves Holdings, Cl C *		21,402		744,362
ATN International		4,949		153,172
Bandwidth, Cl A *		10,561		112,052
Boston Omaha, Cl A *		10,381		147,722
Bumble, Cl A *		45,130		606,547
Cardlytics *		18,771		232,573
Cargurus, Cl A *		49,170		847,199

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

172

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Cars.com *		29,699	$	452,316
Charge Enterprises *		1		—
Cinemark Holdings *		47,697		786,524
Clear Channel Outdoor Holdings, Cl A *		1		1
Cogent Communications Holdings		19,972		1,297,781
Consolidated Communications Holdings *		1		4
Daily Journal *		1,117		324,924
DHI Group *		1		3
EchoStar, Cl A *		15,893		220,277
Emerald Holding *		12,101		60,263
Entravision Communications, Cl A		24,808		88,813
Eventbrite, Cl A *		31,494		260,770
EverQuote, Cl A *		8,145		69,966
EW Scripps, Cl A *		24,766		135,470
fuboTV *		1		2
Gannett *		1		2
Globalstar *		1		1
Gogo *		30,432		319,536
Gray Television		36,295		236,643
IDT, Cl B *		6,963		195,312
iHeartMedia, Cl A *		1		2
IMAX *		21,399		389,676
Integral Ad Science Holding *		30,568		350,921
John Wiley & Sons, Cl A		18,747		567,472
Lions Gate Entertainment, Cl A *		23,892		187,791
Lions Gate Entertainment, Cl B *		48,530		362,034
Loop Media *		1		—
Lumen Technologies *		1		1
Madison Square Garden Entertainment, Cl A *		19,661		599,267
Magnite *		58,167		386,229
Marcus		10,412		161,802
MediaAlpha, Cl A *		10,547		108,423
Nextdoor Holdings *		1		2
Ooma *		10,025		109,373
Outbrain *		11,814		50,446
Playstudios *		1		3
PubMatic, Cl A *		20,006		225,468
QuinStreet *		22,452		253,932
Reservoir Media *		8,401		47,298

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

173

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Scholastic		13,744	$	507,154
Shenandoah Telecommunications		20,650		488,579
Shutterstock		10,764		437,879
Sinclair		19,040		206,965
Sphere Entertainment *		11,403		375,273
Spok Holdings		9,495		141,570
Stagwell, Cl A *		47,748		196,722
System1 *		1		1
TechTarget *		11,786		296,771
TEGNA		100,910		1,464,204
Telephone and Data Systems		44,217		804,307
Thryv Holdings *		16,815		293,085
Tingo Group *		1		1
Townsquare Media, Cl A		7,102		61,077
TrueCar *		1		2
Urban One *		4,963		26,354
Urban One, Cl A *		3,388		18,397
Vimeo *		59,315		182,690
Vivid Seats, Cl A *		10,306		60,599
WideOpenWest *		22,515		158,506
Yelp, Cl A *		30,071		1,268,695
Ziff Davis *		20,781		1,256,419
ZipRecruiter, Cl A *		35,718		380,397
				20,406,654
Consumer Discretionary — 7.1%
1-800-Flowers.com, Cl A *		10,860		81,559
2U *		1		2
Aaron’s		14,220		105,370
Abercrombie & Fitch, Cl A *		22,970		1,397,035
Academy Sports & Outdoors		35,457		1,589,892
Accel Entertainment, Cl A *		24,148		237,858
Acushnet Holdings		14,665		747,328
Adient *		42,555		1,433,678
Adtalem Global Education *		20,529		1,063,402
Allbirds, Cl A *		1		1
American Axle & Manufacturing Holdings *		51,046		344,560
American Eagle Outfitters		82,169		1,435,492
America’s Car-Mart *		2,545		170,464

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

174

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
AMMO *		1	$	3
Arko		36,905		278,633
Asbury Automotive Group *		10,218		1,955,419
Atmus Filtration Technologies *		7,237		135,766
Bally’s *		16,695		152,258
BARK *		1		1
Beazer Homes USA *		13,176		318,727
Beyond *		24,953		389,267
Big 5 Sporting Goods		9,816		69,301
Big Lots		12,716		57,985
Biglari Holdings, Cl B *		340		50,242
BJ’s Restaurants *		10,189		262,061
Bloomin’ Brands		39,057		911,590
Bluegreen Vacations Holding, Cl A		6,233		208,868
Boot Barn Holdings *		13,256		921,292
Bowlero *		17,514		176,716
Brinker International *		18,873		640,172
Buckle		13,641		460,657
Build-A-Bear Workshop, Cl A		5,927		146,990
Caleres		15,728		402,322
Camping World Holdings, Cl A		17,469		292,606
CarParts.com *		20,261		57,339
Carriage Services, Cl A		6,416		138,586
Carrols Restaurant Group *		21,103		121,342
Carvana, Cl A *		44,061		1,189,647
Cato, Cl A		7,975		56,862
Cavco Industries *		4,430		1,105,329
Century Casinos *		11,233		49,201
Century Communities		12,687		780,251
Cheesecake Factory		21,642		672,417
Chegg *		53,289		401,266
Chico’s FAS *		49,956		373,671
Children’s Place *		5,914		161,866
Chuy’s Holdings *		8,607		289,712
Clarus		11,872		68,739
ContextLogic, Cl A *		8,000		31,360
Cooper-Standard Holdings *		23,623		293,398
Coursera *		57,451		996,200
Cracker Barrel Old Country Store		9,919		658,225

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

175

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Cricut, Cl A		35,325	$	301,322
Dana		59,278		680,511
Dave & Buster’s Entertainment *		19,298		674,272
Denny’s *		25,181		217,060
Designer Brands, Cl A		25,968		262,536
Destination XL Group *		24,746		102,943
Dillard’s, Cl A		2,131		661,569
Dine Brands Global		6,933		341,728
Dorman Products *		11,480		713,826
Dream Finders Homes, Cl A *		18,714		368,479
Duluth Holdings, Cl B *		5,057		25,437
Duolingo, Cl A *		12,757		1,863,160
El Pollo Loco Holdings *		8,129		67,877
Envela *		6,280		24,618
Escalade		5,929		101,030
Ethan Allen Interiors		9,866		259,081
European Wax Center, Cl A *		17,368		256,525
Everi Holdings *		37,720		406,999
EVgo, Cl A *		1		2
Figs, Cl A *		52,803		290,945
First Watch Restaurant Group *		14,277		238,569
Fisker *		76,949		346,271
Foot Locker		38,182		801,440
Fossil Group *		1		2
Fox Factory Holding *		19,510		1,589,480
Frontdoor *		36,069		1,043,476
Full House Resorts *		13,575		50,906
Funko, Cl A *		13,343		102,875
Genesco *		6,040		165,556
Gentherm *		14,447		581,058
G-III Apparel Group *		18,895		482,767
Global Business Travel Group I *		17,011		83,864
Golden Entertainment		8,886		278,665
Goodyear Tire & Rubber *		122,600		1,458,940
GoPro, Cl A *		1		3
Graham Holdings, Cl B		1,844		1,067,160
Green Brick Partners *		12,936		500,623
Group 1 Automotive		6,960		1,756,217
GrowGeneration *		1		2

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

176

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Guess?		16,627	$	357,481
Hanesbrands		159,701		669,147
Haverty Furniture		6,949		181,021
Helen of Troy *		11,671		1,147,493
Hibbett		5,909		272,228
Hilton Grand Vacations *		40,711		1,463,560
Holley *		17,001		72,254
Hooker Furnishings		6,083		101,708
Hovnanian Enterprises, Cl A *		2,388		165,918
Inspired Entertainment *		9,225		92,066
Installed Building Products		11,034		1,232,167
International Game Technology		48,420		1,230,836
iRobot *		11,831		389,595
J Jill *		3,083		88,328
Jack in the Box		9,256		584,794
JAKKS Pacific *		4,271		71,625
Johnson Outdoors, Cl A		2,348		111,647
KB Home		33,714		1,490,159
Kontoor Brands		26,015		1,208,397
Krispy Kreme		38,633		499,525
Kura Sushi USA, Cl A *		5,090		290,843
Lands’ End *		5,973		37,510
Landsea Homes *		4,344		32,319
Latham Group *		1		2
Laureate Education, Cl A *		60,053		849,149
La-Z-Boy, Cl Z		18,671		545,940
Lazydays Holdings *		7,630		48,145
LCI Industries		11,394		1,236,135
Legacy Housing *		4,026		74,521
Leslie’s *		80,319		396,776
LGI Homes *		9,127		862,593
Life Time Group Holdings *		18,174		214,817
Light & Wonder *		42,406		3,100,303
Lincoln Educational Services *		13,861		118,512
Lindblad Expeditions Holdings *		12,659		78,739
Lovesac *		6,290		103,533
Luminar Technologies, Cl A *		116,339		368,795
M/I Homes *		12,118		994,524
Malibu Boats, Cl A *		8,938		389,876

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

177

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Marine Products		3,258	$	31,733
MarineMax *		9,105		249,295
MasterCraft Boat Holdings *		8,121		165,993
MDC Holdings		25,535		969,053
Meritage Homes		16,646		1,897,977
Modine Manufacturing *		26,440		1,044,380
Monarch Casino & Resort		5,884		354,158
Mondee Holdings, Cl A *		22,510		83,062
Monro		14,176		351,848
Movado Group		6,868		191,342
Nathan’s Famous		1,523		99,696
National Vision Holdings *		34,948		543,092
Nerdy *		1		3
Noodles, Cl A *		1		2
ODP *		19,146		860,038
ONE Group Hospitality *		8,858		39,064
OneWater Marine, Cl A *		4,828		109,258
Oxford Industries		6,844		577,634
Papa John’s International		15,639		1,016,848
Patrick Industries		9,683		727,677
Perdoceo Education		28,812		521,209
PetMed Express		8,924		61,486
PlayAGS *		20,388		145,570
Portillo’s, Cl A *		19,761		295,427
Potbelly *		14,278		125,646
Purple Innovation, Cl A		1		1
Qurate Retail, Cl B *		3,460		27,818
RCI Hospitality Holdings		3,926		214,006
Red Robin Gourmet Burgers *		8,665		70,100
Red Rock Resorts, Cl A		22,732		899,051
Rent the Runway, Cl A *		1		1
Revolve Group, Cl A *		18,401		253,014
Rocky Brands		3,095		38,007
Rover Group, Cl A *		38,428		247,861
Rush Street Interactive *		1		4
Sabre *		134,946		472,311
Sally Beauty Holdings *		46,061		391,518
Savers Value Village *		11,446		171,347
SeaWorld Entertainment *		20,666		890,291

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

178

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Shake Shack, Cl A *		17,606	$	986,640
Shoe Carnival		7,699		176,153
Signet Jewelers		21,575		1,506,582
Six Flags Entertainment *		32,555		647,844
Skyline Champion *		24,606		1,442,650
Sleep Number *		9,394		152,840
Smith & Wesson Brands		20,208		297,664
Snap One Holdings *		7,602		56,939
Solid Power *		1		1
Solo Brands, Cl A *		6,993		26,923
Sonic Automotive, Cl A		9,075		434,239
Sonos *		55,585		599,206
Sportsman’s Warehouse Holdings *		17,919		91,208
Standard Motor Products		8,885		310,353
Steven Madden		33,883		1,111,024
Stitch Fix, Cl A *		1		3
Stoneridge *		11,478		186,747
Strategic Education		10,155		835,858
Stride *		18,445		1,014,106
Sturm Ruger		8,839		489,239
Sweetgreen, Cl A *		48,505		501,057
Target Hospitality *		15,056		206,719
Taylor Morrison Home, Cl A *		50,113		1,920,330
ThredUp, Cl A *		1		3
Tile Shop Holdings *		7,981		43,816
Tilly’s, Cl A *		9,231		74,771
Topgolf Callaway Brands *		66,266		809,771
Torrid Holdings *		1		2
Traeger *		1		3
Tri Pointe Homes *		45,804		1,147,848
Udemy *		45,570		406,940
United Homes Group *		4,691		31,430
Universal Technical Institute *		13,347		116,519
Upbound Group, Cl A		26,432		688,818
Urban Outfitters *		28,997		1,003,876
Vera Bradley *		15,044		110,122
Vista Outdoor *		27,374		687,635
Visteon *		12,880		1,482,874
Vizio Holding, Cl A *		28,081		142,932

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

179

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
VOXX International, Cl A *		8,087	$	74,158
Warby Parker, Cl A *		37,732		489,761
Weyco Group		2,368		68,483
Winmark		1,459		588,444
Winnebago Industries		13,733		795,827
Wolverine World Wide		34,427		277,137
Workhorse Group *		1		—
WW International *		21,890		171,180
XPEL *		10,703		495,549
Xponential Fitness, Cl A *		9,106		129,943
Zumiez *		8,005		131,522
				100,324,213
Consumer Staples — 2.5%
Alico		3,353		81,947
Andersons		14,357		719,716
B&G Foods		32,279		260,492
Beauty Health *		45,023		182,343
BellRing Brands *		62,486		2,732,513
Benson Hill *		1		—
Beyond Meat *		26,529		158,378
BRC, Cl A *		1		3
Calavo Growers		7,487		189,721
Cal-Maine Foods		17,056		772,807
Central Garden & Pet *		4,269		186,257
Central Garden & Pet, Cl A *		17,619		699,298
Chefs’ Warehouse *		15,470		294,394
Coca-Cola Consolidated		2,372		1,509,565
Dole		33,071		377,671
Duckhorn Portfolio *		18,445		192,381
Edgewell Personal Care		22,938		800,536
elf Beauty *		23,854		2,209,596
Energizer Holdings		31,356		990,223
Fresh Del Monte Produce		16,691		417,275
Hain Celestial Group *		38,883		429,657
Herbalife *		46,417		661,442
HF Foods Group *		15,391		62,180
Hostess Brands, Cl A *		60,628		2,024,975
Ingles Markets, Cl A		6,259		502,097

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

180

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Inter Parfums		9,038	$	1,148,820
Ispire Technology *		4,245		33,663
J & J Snack Foods		6,605		1,034,409
John B Sanfilippo & Son		3,901		398,916
Lancaster Colony		8,648		1,462,982
Limoneira		9,111		130,196
Medifast		4,948		342,204
MGP Ingredients		7,187		680,321
Mission Produce *		19,777		186,102
National Beverage *		10,398		482,259
Natural Grocers by Vitamin Cottage		4,396		55,258
Nature’s Sunshine Products *		5,057		90,520
Nu Skin Enterprises, Cl A		21,942		416,679
Oil-Dri Corp of America		2,562		146,751
PriceSmart		11,268		704,137
Primo Water		68,643		896,478
Seneca Foods, Cl A *		2,565		140,177
Simply Good Foods *		41,800		1,558,722
Sovos Brands *		23,340		506,711
SpartanNash		15,328		344,727
Sprouts Farmers Market *		47,480		1,995,110
TreeHouse Foods *		23,992		1,000,227
Turning Point Brands		6,435		129,022
United Natural Foods *		26,223		382,331
Universal		10,604		477,180
USANA Health Sciences *		4,988		227,203
Utz Brands		31,774		387,325
Vector Group		63,787		655,730
Village Super Market, Cl A		3,880		94,944
Vita Coco *		12,488		338,425
Vital Farms *		13,185		145,826
Waldencast, Cl A *		11,234		86,277
WD-40		6,952		1,469,653
Weis Markets		7,209		469,306
Westrock Coffee *		14,488		119,381
Zevia PBC, Cl A *		1		2
				35,193,441

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

181

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Energy — 5.3%
Amplify Energy *		16,438	$	114,244
Archrock		62,002		785,565
Atlas Energy Solutions		8,514		155,040
Berry		34,161		285,244
Bristow Group *		10,265		268,327
Cactus, Cl A		28,526		1,339,010
California Resources		33,972		1,786,587
Callon Petroleum *		27,600		1,030,860
Centrus Energy, Cl A *		6,752		358,329
ChampionX		88,429		2,723,613
Chord Energy		18,650		3,083,218
Civitas Resources		32,145		2,424,697
Clean Energy Fuels *		77,361		269,990
CNX Resources *		72,950		1,584,474
Comstock Resources		39,071		492,295
CONSOL Energy		14,983		1,376,788
Core Laboratories		21,570		462,029
Crescent Energy, Cl A		17,378		211,664
CVR Energy		12,664		414,746
Delek US Holdings		31,089		819,195
Denbury *		23,536		2,092,115
DHT Holdings		60,707		675,062
Diamond Offshore Drilling *		56,929		706,489
DMC Global *		8,765		166,097
Dorian LPG		13,544		433,002
Dril-Quip *		14,976		324,380
Earthstone Energy, Cl A *		27,309		578,132
Empire Petroleum *		6,701		56,020
Energy Fuels *		63,904		511,871
Enviva		15,864		57,428
Equitrans Midstream		194,254		1,723,033
Evolution Petroleum		16,712		107,458
Excelerate Energy, Cl A		7,687		109,309
Expro Group Holdings *		40,114		631,796
Forum Energy Technologies *		5,898		128,399
FutureFuel		10,690		70,020
Gevo *		1		1
Granite Ridge Resources		14,778		91,032
Green Plains *		25,664		754,008

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

182

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Gulfport Energy *		5,082	$	628,186
Hallador Energy *		12,566		175,673
Helix Energy Solutions Group *		68,016		666,557
Helmerich & Payne		45,500		1,800,435
HighPeak Energy		3,306		58,549
International Seaways		19,016		914,479
Kinetik Holdings, Cl A		8,446		299,326
KLX Energy Services Holdings *		8,063		82,888
Kodiak Gas Services		6,756		116,136
Liberty Energy, Cl A		76,845		1,513,847
Magnolia Oil & Gas, Cl A		81,653		1,833,110
Mammoth Energy Services *		15,016		60,815
Matador Resources		52,282		3,225,277
Murphy Oil		68,073		3,054,436
Nabors Industries *		3,895		380,308
NACCO Industries, Cl A		1,669		57,664
Newpark Resources *		26,001		179,927
NextDecade *		12,755		55,994
Noble		50,924		2,377,642
Nordic American Tankers		89,408		410,383
Northern Oil and Gas		36,778		1,410,069
Oceaneering International *		47,853		1,052,287
Oil States International *		24,978		181,340
Overseas Shipholding Group, Cl A *		30,943		151,311
Par Pacific Holdings *		24,387		800,381
Patterson-UTI Energy		164,710		2,091,813
PBF Energy, Cl A		51,599		2,452,500
Peabody Energy		55,525		1,309,835
Permian Resources, Cl A		133,817		1,949,714
PrimeEnergy Resources *		559		59,768
ProFrac Holding, Cl A *		10,918		102,848
ProPetro Holding *		43,512		456,006
Ranger Energy Services, Cl A		9,074		105,349
REX American Resources *		6,930		263,409
Riley Exploration Permian		4,819		152,521
Ring Energy *		1		2
RPC		32,717		272,205
SandRidge Energy		13,766		218,191
SEACOR Marine Holdings *		12,683		175,786

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

183

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Select Water Solutions, Cl A		31,426	$	233,809
SilverBow Resources *		12,886		439,413
Sitio Royalties, Cl A		40,855		1,009,936
SM Energy		54,677		2,204,577
Solaris Oilfield Infrastructure, Cl A		13,032		120,416
Talos Energy *		50,727		786,268
Tellurian *		1		1
TETRA Technologies *		1		5
Tidewater *		21,711		1,483,947
Uranium Energy *		163,146		970,719
US Silica Holdings *		31,528		380,543
VAALCO Energy		24,202		108,183
Valaris *		28,022		1,850,573
Verde Clean Fuels *		4,217		17,711
Vertex Energy *		22,440		96,716
Vital Energy *		7,136		357,085
Vitesse Energy		12,058		285,654
W&T Offshore *		38,553		159,995
Weatherford International *		32,644		3,038,830
World Kinect		26,591		491,934
				74,334,849
Financials — 10.8%
1st Source		7,125		325,042
Acacia Research *		22,079		79,264
ACNB		3,764		129,519
AFC Gamma ‡		7,440		78,715
Alerus Financial		6,611		114,436
AlTi Global *		14,545		91,197
Amalgamated Financial		7,884		143,804
A-Mark Precious Metals		8,522		230,776
Ambac Financial Group *		19,837		240,623
Amerant Bancorp, Cl A		12,075		220,127
American Coastal Insurance *		13,657		102,291
American Equity Investment Life Holding *		34,625		1,833,740
American National Bankshares		4,657		177,711
Ameris Bancorp		29,493		1,100,089
AMERISAFE		8,682		442,522
Ames National		5,021		84,955

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

184

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Angel Oak Mortgage REIT ‡		4,577	$	38,309
Apollo Commercial Real Estate Finance ‡		63,341		630,876
Arbor Realty Trust ‡		80,452		1,014,500
Ares Commercial Real Estate ‡		24,708		226,572
Argo Group International Holdings		14,292		426,473
ARMOUR Residential ‡		22,580		328,985
Arrow Financial		6,673		142,210
Artisan Partners Asset Management, Cl A		27,383		903,639
AssetMark Financial Holdings *		9,846		235,418
Associated Banc-Corp		74,227		1,203,220
Atlantic Union Bankshares		33,482		964,616
Atlanticus Holdings *		2,185		63,933
Avantax *		20,685		533,880
AvidXchange Holdings *		76,750		663,120
Axos Financial *		25,340		913,000
B Riley Financial		9,172		332,118
Bakkt Holdings *		1		1
Banc of California		24,435		273,916
BancFirst		9,926		805,098
Bancorp *		23,756		846,901
Bank First		4,177		329,858
Bank of Hawaii		17,753		876,821
Bank of Marin Bancorp		7,106		119,381
Bank7		2,579		54,004
BankUnited		35,625		776,981
Bankwell Financial Group		2,541		62,178
Banner		15,276		644,800
Bar Harbor Bankshares		6,723		168,209
BayCom		5,376		106,445
BCB Bancorp		6,883		70,757
Berkshire Hills Bancorp		20,596		403,888
BGC Group, Cl A		152,639		895,991
Blackstone Mortgage Trust, Cl A ‡		76,746		1,531,083
Blue Foundry Bancorp *		11,233		84,809
Blue Ridge Bankshares		7,859		24,756
Bread Financial Holdings		22,506		608,337
Bridgewater Bancshares *		9,415		90,666
Brightsphere Investment Group		14,582		228,354
BrightSpire Capital, Cl A ‡		60,047		339,866

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

185

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Brookline Bancorp		39,886	$	324,672
BRP Group, Cl A *		26,646		557,701
Burke & Herbert Financial Services		3,111		139,155
Business First Bancshares		10,771		210,465
Byline Bancorp		11,108		210,719
C&F Financial		1,855		97,684
Cadence Bank		82,664		1,750,824
Cambridge Bancorp		2,951		158,498
Camden National		6,413		187,003
Cannae Holdings *		34,932		571,138
Cantaloupe *		43,132		283,809
Capital Bancorp		3,894		79,593
Capital City Bank Group		5,960		170,277
Capitol Federal Financial		53,587		278,652
Capstar Financial Holdings		8,958		135,982
Carter Bankshares *		10,520		118,455
Cass Information Systems		6,139		232,116
Cathay General Bancorp		31,319		1,062,027
Central Pacific Financial		11,758		185,541
Central Valley Community Bancorp		5,919		93,343
Chemung Financial		2,120		87,514
Chicago Atlantic Real Estate Finance ‡		12,715		179,154
Chimera Investment ‡		99,791		478,997
ChoiceOne Financial Services		4,017		75,801
Citizens & Northern		6,685		120,998
Citizens Financial Services		2,179		107,752
City Holding		6,633		602,144
Civista Bancshares		6,568		95,761
Claros Mortgage Trust ‡		39,535		412,350
CNB Financial		8,955		162,802
CNO Financial Group		50,217		1,164,030
Coastal Financial *		4,561		169,532
Codorus Valley Bancorp		5,356		105,085
Cohen & Steers		12,303		642,709
Colony Bankcorp		6,722		66,884
Columbia Financial *		16,328		262,881
Community Bank System		23,217		927,519
Community Trust Bancorp		6,796		255,258
Compass Diversified Holdings		26,649		457,830

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

186

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
ConnectOne Bancorp		15,994	$	260,542
Consumer Portfolio Services *		5,964		55,167
Crawford, Cl A		6,686		61,177
CrossFirst Bankshares *		19,747		208,923
Customers Bancorp *		13,062		525,223
CVB Financial		57,783		902,570
Diamond Hill Investment Group		1,276		200,460
Dime Community Bancshares		14,395		264,724
Donegal Group, Cl A		6,720		94,886
Donnelley Financial Solutions *		12,474		678,960
Dynex Capital ‡		24,142		242,386
Eagle Bancorp		13,887		270,519
Eastern Bankshares		71,290		784,903
eHealth *		10,147		87,061
Ellington Financial ‡		28,792		346,368
Employers Holdings		11,959		454,442
Enact Holdings		13,417		369,773
Encore Capital Group *		10,437		393,266
Enova International *		14,981		597,442
Enstar Group *		6,200		1,469,214
Enterprise Bancorp		4,159		109,423
Enterprise Financial Services		15,485		538,413
Equity Bancshares, Cl A		6,590		159,478
Esquire Financial Holdings		3,161		144,774
ESSA Bancorp		5,226		87,013
Essent Group		48,198		2,276,874
Evans Bancorp		3,214		79,450
F&G Annuities & Life		9,291		285,141
Farmers & Merchants Bancorp		5,753		100,217
Farmers National Banc		26,060		294,217
FB Financial		15,381		451,740
Federal Agricultural Mortgage, Cl C		4,072		604,936
Fidelity D&D Bancorp		2,505		112,224
Finance of America, Cl A *		1		1
Financial Institutions		6,762		107,110
First Bancorp		4,511		105,693
First Bancorp		17,038		494,443
First Bancshares		13,388		324,257
First Bank		6,516		72,067

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

187

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
First Busey		23,199	$	460,732
First Business Financial Services		3,314		101,740
First Commonwealth Financial		45,252		551,169
First Community		4,513		79,880
First Community Bankshares		7,213		235,504
First Financial		5,012		172,463
First Financial Bancorp		40,619		751,451
First Financial Bankshares		59,915		1,440,956
First Foundation		22,630		102,740
First Interstate BancSystem, Cl A		42,437		979,022
First Merchants		27,826		759,928
First Mid Bancshares		8,308		226,975
First of Long Island		9,890		106,219
First Western Financial *		3,278		43,827
FirstCash Holdings		16,665		1,815,152
Five Star Bancorp		5,503		107,143
Flushing Financial		12,626		155,805
Flywire *		42,889		1,153,285
Forge Global Holdings *		1		3
Franklin BSP Realty Trust ‡		36,251		457,125
FS Bancorp		3,659		105,635
Fulton Financial		71,035		922,745
FVCBankcorp *		6,185		67,540
GCM Grosvenor		18,122		145,882
Genworth Financial, Cl A *		230,453		1,380,413
German American Bancorp		11,924		325,883
Glacier Bancorp		51,200		1,545,728
GoHealth, Cl A *		2,899		40,702
Goosehead Insurance, Cl A *		9,509		616,849
Granite Point Mortgage Trust ‡		22,093		92,791
Great Southern Bancorp		4,301		213,846
Green Dot, Cl A *		22,238		248,621
Greene County Bancorp		2,958		70,105
Greenlight Capital Re, Cl A *		10,860		121,089
Guaranty Bancshares		3,591		102,451
Hamilton Lane, Cl A		18,641		1,568,081
Hancock Whitney		38,192		1,314,951
Hanmi Financial		13,221		194,084

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

188

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Hannon Armstrong Sustainable Infrastructure Capital ‡		48,854	$	837,358
HarborOne Bancorp		19,208		189,007
HBT Financial		4,838		87,084
HCI Group		2,957		174,374
Heartland Financial USA		18,034		494,132
Heritage Commerce		25,369		207,518
Heritage Financial		14,909		242,569
Hilltop Holdings		26,220		724,196
Hingham Institution For Savings		821		121,984
Hippo Holdings *		7,508		54,058
Home Bancorp		3,282		112,474
Home BancShares		85,272		1,743,812
HomeStreet		8,313		40,152
HomeTrust Bancshares		6,564		135,284
Hope Bancorp		49,806		436,301
Horace Mann Educators		18,558		588,845
Horizon Bancorp		18,124		171,997
I3 Verticals, Cl A *		10,335		193,781
Independent Bank		8,963		178,812
Independent Bank		21,216		1,035,341
Independent Bank Group		15,784		557,964
International Bancshares		24,938		1,093,033
International Money Express *		13,983		223,169
Invesco Mortgage Capital ‡		24,251		165,634
Investors Title		596		85,711
Jackson Financial, Cl A		38,970		1,430,589
James River Group Holdings		15,808		217,360
John Marshall Bancorp		4,789		88,022
Kearny Financial		26,640		184,882
KKR Real Estate Finance Trust ‡		26,071		272,181
Ladder Capital, Cl A ‡		50,987		515,479
Lakeland Bancorp		28,522		321,728
Lakeland Financial		10,774		530,620
LCNB		6,130		85,759
Lemonade *		19,863		217,301
LendingClub *		42,768		221,966
LendingTree *		4,894		64,748
Live Oak Bancshares		14,383		414,950

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

189

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Luther Burbank		6,346	$	51,656
Macatawa Bank		10,860		99,152
Maiden Holdings *		1		2
MainStreet Bancshares		4,093		78,913
MarketWise		1		2
Marqeta, Cl A *		208,127		1,076,017
MBIA *		22,614		155,584
Mercantile Bank		6,846		225,507
Merchants Bancorp		6,715		200,711
Mercury General		11,468		354,132
Metrocity Bankshares		8,352		167,374
Metropolitan Bank Holding *		4,418		143,187
MFA Financial ‡		44,422		394,912
Mid Penn Bancorp		6,345		120,936
Middlefield Banc		4,281		109,166
Midland States Bancorp		9,259		202,031
MidWestOne Financial Group		6,321		125,914
Moelis, Cl A		29,484		1,227,714
Mr Cooper Group *		30,724		1,736,828
MVB Financial		4,562		89,643
National Bank Holdings, Cl A		16,923		527,659
National Bankshares		3,252		76,422
National Western Life Group, Cl A		1,332		637,895
Navient		46,486		739,592
NBT Bancorp		25,274		845,921
Nelnet, Cl A		6,939		588,497
NerdWallet, Cl A *		11,611		125,167
New York Mortgage Trust ‡		40,000		311,600
NewtekOne		11,641		161,461
Nexpoint Real Estate Finance ‡		3,263		48,390
NI Holdings *		4,022		51,039
Nicolet Bankshares		5,419		394,612
NMI Holdings, Cl A *		35,934		982,795
Northeast Bank		2,772		132,335
Northeast Community Bancorp		7,448		113,508
Northfield Bancorp		18,276		157,174
Northrim BanCorp		2,985		124,504
Northwest Bancshares		54,150		564,243
Norwood Financial		3,961		101,441

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

190

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Oak Valley Bancorp		3,855	$	96,182
OceanFirst Financial		24,963		316,032
Ocwen Financial *		3,603		86,616
Old National Bancorp		137,799		1,887,846
Old Second Bancorp		18,785		254,725
Open Lending, Cl A *		61,177		366,450
OppFi *		1		2
Orange County Bancorp		2,905		128,110
Orchid Island Capital, Cl A ‡		24,079		151,216
Origin Bancorp		13,566		401,418
Orrstown Financial Services		4,899		103,418
Oscar Health, Cl A *		71,519		366,177
P10, Cl A		20,931		197,170
Pacific Premier Bancorp		44,249		840,731
PacWest Bancorp		55,842		395,361
Palomar Holdings *		10,683		535,005
Park National		6,293		638,047
Parke Bancorp		4,251		71,587
Pathward Financial		12,570		569,295
Payoneer Global *		109,642		634,827
Paysafe *		12,055		117,175
Paysign *		1		2
PCB Bancorp		4,859		74,731
Peapack-Gladstone Financial		7,668		179,201
Penns Woods Bancorp		3,858		81,327
PennyMac Financial Services		12,726		855,187
PennyMac Mortgage Investment Trust ‡		40,947		517,980
Peoples Bancorp		16,943		467,288
Peoples Financial Services		3,065		120,179
Perella Weinberg Partners, Cl A		19,276		189,098
Pioneer Bancorp *		4,887		40,073
Piper Sandler		8,032		1,123,275
PJT Partners		10,309		807,813
Plumas Bancorp		3,022		103,201
Ponce Financial Group *		11,579		90,085
PRA Group *		17,980		221,334
Preferred Bank		5,793		345,089
Premier Financial		15,476		268,509
Primis Financial		9,604		89,893

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

191

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Princeton Bancorp		3,059	$	91,770
Priority Technology Holdings *		5,567		20,876
ProAssurance		23,090		392,530
PROG Holdings *		23,836		652,868
Provident Financial Services		31,866		447,717
QCR Holdings		7,044		334,238
Radian Group		75,251		1,906,860
RBB Bancorp		6,395		73,990
Ready Capital ‡		72,418		682,898
Red River Bancshares		1,971		91,612
Redwood Trust ‡		47,751		299,876
Regional Management		3,423		85,096
Remitly Global *		58,007		1,562,129
Renasant		23,887		582,604
Repay Holdings, Cl A *		35,838		214,670
Republic Bancorp, Cl A		4,109		181,577
S&T Bancorp		17,099		440,470
Safety Insurance Group		6,202		466,204
Sandy Spring Bancorp		18,777		383,990
Sculptor Capital Management, Cl A		9,741		123,224
Seacoast Banking Corp of Florida		38,031		768,606
Security National Financial, Cl A *		8,209		56,723
Selective Insurance Group		27,126		2,824,088
Selectquote *		1		1
ServisFirst Bancshares		23,809		1,122,832
Shore Bancshares		14,407		147,818
Sierra Bancorp		6,202		109,155
Silvercrest Asset Management Group, Cl A		4,027		71,479
Simmons First National, Cl A		55,729		791,909
Skyward Specialty Insurance Group *		11,171		314,464
SmartFinancial		6,435		134,170
South Plains Financial		4,784		128,307
Southern First Bancshares *		3,392		91,584
Southern Missouri Bancorp		3,441		139,188
Southern States Bancshares		4,349		100,984
Southside Bancshares		13,245		353,641
SouthState		34,658		2,290,894
Stellar Bancorp		23,471		510,260
StepStone Group, Cl A		23,922		676,993

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

192

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Sterling Bancorp *		7,108	$	39,378
Stewart Information Services		11,785		514,651
Stock Yards Bancorp		12,573		491,730
StoneX Group *		7,718		735,680
Summit Financial Group		4,937		106,145
SWK Holdings *		1,528		24,662
Texas Capital Bancshares *		21,744		1,197,225
Third Coast Bancshares *		5,446		84,467
Timberland Bancorp		4,218		118,905
Tiptree		10,880		164,397
Tompkins Financial		6,121		306,540
Towne Bank		30,284		724,999
TPG RE Finance Trust ‡		29,673		163,498
TriCo Bancshares		13,643		441,351
Triumph Financial *		10,156		632,211
Trupanion *		17,172		353,743
TrustCo Bank NY		8,177		208,759
Trustmark		26,755		538,043
Two Harbors Investment ‡		52,146		605,415
UMB Financial		19,566		1,227,180
United Bankshares		57,659		1,639,822
United Community Banks		51,683		1,141,677
United Fire Group		9,153		184,341
Unity Bancorp		2,864		68,908
Universal Insurance Holdings		11,233		175,909
Univest Financial		12,532		208,783
Upstart Holdings *		32,393		778,404
USCB Financial Holdings *		4,444		47,729
Valley National Bancorp		186,436		1,450,472
Value Line		400		16,380
Velocity Financial *		3,631		41,938
Veritex Holdings		22,561		388,500
Victory Capital Holdings, Cl A		12,899		380,005
Virginia National Bankshares		2,801		86,075
Virtus Investment Partners		3,088		568,902
WaFd		28,246		697,111
Walker & Dunlop		14,040		909,792
Washington Trust Bancorp		7,398		171,560
Waterstone Financial		9,316		100,613

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

193

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
WesBanco		25,436	$	620,384
West BanCorp		7,091		116,505
Westamerica BanCorp		11,867		560,597
WisdomTree		55,743		345,607
World Acceptance *		1,811		178,601
WSFS Financial		27,342		967,907
				151,604,689
Health Care — 9.2%
23andMe Holding, Cl A *		1		1
2seventy bio *		30,096		73,434
4D Molecular Therapeutics *		13,920		149,501
89bio *		28,309		209,487
Aadi Bioscience *		7,532		32,990
ACADIA Pharmaceuticals *		57,936		1,307,616
Accolade *		30,766		199,979
Accuray *		1		3
ACELYRIN *		14,608		148,782
Aclaris Therapeutics *		31,144		155,097
Acrivon Therapeutics *		3,889		20,378
Actinium Pharmaceuticals *		14,285		79,710
AdaptHealth, Cl A *		32,903		241,179
Adaptive Biotechnologies *		50,796		225,534
Addus HomeCare *		7,244		571,552
Adicet Bio *		1		1
ADMA Biologics *		91,204		308,270
Aerovate Therapeutics *		4,920		52,201
Agenus *		1		1
Agiliti *		13,210		74,372
Agios Pharmaceuticals *		24,765		520,313
AirSculpt Technologies *		5,495		32,970
Akero Therapeutics *		23,109		275,459
Akoya Biosciences *		7,038		24,633
Aldeyra Therapeutics *		1		2
Alector *		26,855		139,646
Alignment Healthcare *		40,576		279,163
Alkermes *		73,827		1,785,875
Allakos *		1		2
Allogene Therapeutics *		38,828		109,495

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

194

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Allovir *		1	$	2
Alphatec Holdings *		34,380		315,608
Alpine Immune Sciences *		15,997		163,809
Altimmune *		1		2
ALX Oncology Holdings *		9,458		68,098
American Well, Cl A *		1		1
Amicus Therapeutics *		126,348		1,386,038
AMN Healthcare Services *		19,671		1,492,242
Amneal Pharmaceuticals *		1		4
Amphastar Pharmaceuticals *		17,233		780,138
Amylyx Pharmaceuticals *		22,671		369,764
AnaptysBio *		8,602		140,299
Anavex Life Sciences *		32,172		179,520
AngioDynamics *		17,028		105,574
ANI Pharmaceuticals *		7,134		440,453
Anika Therapeutics *		6,621		129,110
Annexon *		1		2
Apogee Therapeutics *		8,596		147,679
Apollo Medical Holdings *		19,100		596,111
Arbutus Biopharma *		1		2
Arcellx *		17,339		611,200
Arcturus Therapeutics Holdings *		13,049		249,236
Arcus Biosciences *		22,094		347,097
Arcutis Biotherapeutics *		23,092		51,957
Ardelyx *		99,757		394,040
Arrowhead Pharmaceuticals *		45,645		1,122,411
ARS Pharmaceuticals *		14,137		50,469
Artivion *		17,628		224,581
Arvinas *		21,898		352,996
Assertio Holdings *		1		2
Astria Therapeutics *		13,495		67,340
Atara Biotherapeutics *		1		1
Atea Pharmaceuticals *		27,967		90,893
AtriCure *		20,753		718,884
Atrion		891		304,704
Aura Biosciences *		12,405		101,225
Avanos Medical *		20,668		379,464
Aveanna Healthcare Holdings *		1		1
Avid Bioservices *		27,782		170,859

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

195

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Avidity Biosciences *		29,024	$	149,474
Avista Public Acquisition II, Cl W *		35,001		159,255
Avita Medical *		12,416		115,593
Axogen *		18,401		69,188
Axonics *		21,846		1,118,734
Axsome Therapeutics *		16,781		1,045,121
Beam Therapeutics *		30,465		644,030
Beyond Air *		1		2
BioAtla *		1		1
BioCryst Pharmaceuticals *		84,528		464,059
Biohaven *		27,047		717,016
BioLife Solutions *		15,622		157,782
Biomea Fusion *		9,448		96,559
Biote, Cl A *		9,681		51,600
BioVie, Cl A *		5,290		23,064
Bioxcel Therapeutics *		1		4
Bluebird Bio *		1		3
Blueprint Medicines *		27,073		1,593,517
Bridgebio Pharma *		50,975		1,327,389
Bright Green *		1		—
Brookdale Senior Living *		80,973		316,604
Butterfly Network *		1		1
Cabaletta Bio *		13,000		185,380
Cano Health *		1		—
Cara Therapeutics *		1		1
CareDx *		21,596		116,834
CareMax *		1		2
Caribou Biosciences *		21,517		78,107
Carisma Therapeutics		14,244		42,732
Cassava Sciences *		16,475		331,971
Castle Biosciences *		10,917		170,524
Catalyst Pharmaceuticals *		42,460		526,929
Celcuity *		9,505		101,228
Celldex Therapeutics *		19,996		470,306
Century Therapeutics *		1		2
Cerevel Therapeutics Holdings *		27,845		658,534
Cerus *		1		1
Citius Pharmaceuticals *		1		1
ClearPoint Neuro *		13,378		73,579

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

196

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Codexis *		1	$	2
Cogent Biosciences *		27,999		228,472
Coherus Biosciences *		41,842		140,171
Collegium Pharmaceutical *		15,029		327,031
Community Health Systems *		1		2
Compass Therapeutics *		1		2
Computer Programs and Systems *		6,264		88,260
CONMED		13,625		1,327,893
Corcept Therapeutics *		37,726		1,059,346
CorMedix *		23,751		82,653
CorVel *		4,001		775,954
Crinetics Pharmaceuticals *		29,232		856,205
Cross Country Healthcare *		15,769		365,210
CryoPort *		19,468		188,840
Cue Biopharma *		1		2
Cullinan Oncology *		13,067		121,915
Cutera *		7,348		22,852
CVRx *		6,447		86,261
Cymabay Therapeutics *		45,838		750,826
Cytek Biosciences *		49,053		206,513
Cytokinetics *		41,490		1,446,341
Day One Biopharmaceuticals *		33,901		401,049
Deciphera Pharmaceuticals *		23,379		280,314
Definitive Healthcare, Cl A *		22,108		127,342
Denali Therapeutics *		52,595		990,364
Design Therapeutics *		1		2
Disc Medicine, Cl A *		3,810		174,536
DocGo *		37,175		220,820
Dynavax Technologies *		65,491		930,627
Dyne Therapeutics *		15,804		111,418
Eagle Pharmaceuticals *		4,884		67,057
Edgewise Therapeutics *		14,557		93,165
Editas Medicine, Cl A *		32,105		214,461
Embecta		25,000		378,000
Emergent BioSolutions *		1		2
Enanta Pharmaceuticals *		9,220		83,164
Enhabit *		23,979		176,725
Enliven Therapeutics *		11,276		139,710
Ensign Group		24,814		2,397,032

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

197

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Entrada Therapeutics *		10,874	$	174,093
EQRx *		1		2
Erasca *		1		2
Evolent Health, Cl A *		49,134		1,200,344
Evolus *		13,915		105,754
Eyenovia *		1		1
EyePoint Pharmaceuticals *		14,702		88,506
Fate Therapeutics *		1		2
FibroGen *		1		1
Foghorn Therapeutics *		8,145		27,286
Fulgent Genetics *		9,317		223,049
Genelux *		8,772		127,282
Generation Bio *		18,259		17,132
Geron *		1		2
Glaukos *		20,676		1,410,103
Graphite Bio *		1		3
Gritstone bio *		1		2
Guardant Health *		51,927		1,343,871
Haemonetics *		22,874		1,949,551
Halozyme Therapeutics *		60,171		2,037,992
Harmony Biosciences Holdings *		15,100		355,454
Harrow *		12,628		181,022
Harvard Bioscience *		20,973		92,071
Health Catalyst *		25,818		193,377
HealthEquity *		38,149		2,734,520
HealthStream		10,872		276,149
Heron Therapeutics *		1		1
HilleVax *		8,001		88,011
Hims & Hers Health *		50,188		300,124
Humacyte *		1		2
Icosavax *		10,198		62,718
Ideaya Biosciences *		24,753		672,539
IGM Biosciences *		4,241		16,710
Ikena Oncology *		12,687		51,129
Immuneering, Cl A *		11,118		78,160
ImmunityBio *		1		3
ImmunoGen *		110,056		1,635,432
Immunovant *		24,787		819,210
Inari Medical *		24,958		1,515,200

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

198

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
InfuSystem Holdings *		10,267	$	98,358
Inhibrx *		14,411		222,938
Inmode *		34,621		661,261
Innovage Holding *		13,867		75,298
Innoviva *		27,317		339,004
Inogen *		9,588		42,858
Inozyme Pharma *		55,403		164,547
Insmed *		58,348		1,462,201
Integer Holdings *		15,363		1,247,015
Intellia Therapeutics *		39,258		983,413
Intercept Pharmaceuticals *		25,861		489,549
Intra-Cellular Therapies *		43,226		2,150,926
Invitae *		1		1
Iovance Biotherapeutics *		94,078		359,378
iRadimed		2,967		120,876
iRhythm Technologies *		14,183		1,113,649
Ironwood Pharmaceuticals, Cl A *		59,286		531,795
iTeos Therapeutics *		10,236		102,974
Janux Therapeutics *		7,432		47,713
Joint *		6,430		50,218
KalVista Pharmaceuticals *		9,401		79,814
Karyopharm Therapeutics *		1		1
Keros Therapeutics *		9,927		283,317
Kezar Life Sciences *		1		1
Kiniksa Pharmaceuticals, Cl A *		15,634		238,419
Kodiak Sciences *		1		1
KORU Medical Systems *		1		2
Krystal Biotech *		9,549		1,115,992
Kura Oncology *		29,306		247,636
Kymera Therapeutics *		16,286		190,058
Lantheus Holdings *		30,079		1,943,103
Larimar Therapeutics *		1		3
LeMaitre Vascular		8,580		416,816
Lexicon Pharmaceuticals *		1		1
LifeStance Health Group *		49,051		285,967
Ligand Pharmaceuticals *		7,989		417,745
Lineage Cell Therapeutics *		1		1
Liquidia *		19,771		128,709
LivaNova *		25,058		1,229,095

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

199

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Longboard Pharmaceuticals *		9,578	$	51,865
Lyell Immunopharma *		1		2
MacroGenics *		44,563		232,619
Madrigal Pharmaceuticals *		6,196		814,030
MannKind *		102,986		441,810
Marinus Pharmaceuticals *		24,081		167,122
MaxCyte *		1		3
MeiraGTx Holdings *		12,489		56,450
Merit Medical Systems *		26,502		1,821,747
Merrimack Pharmaceuticals *		6,417		78,480
Mersana Therapeutics *		1		1
Mesa Laboratories		2,260		212,056
MiMedx Group *		49,107		322,142
Mineralys Therapeutics *		5,236		40,474
Mirum Pharmaceuticals *		11,793		323,482
ModivCare *		5,796		244,823
Monte Rosa Therapeutics *		11,946		40,616
Morphic Holding *		15,613		311,479
Multiplan *		1		2
Myriad Genetics *		34,791		542,044
NanoString Technologies *		1		1
National HealthCare		5,589		376,475
National Research		6,216		262,688
Nautilus Biotechnology, Cl A *		1		3
Neogen *		98,392		1,465,057
NeoGenomics *		63,547		890,929
Nevro *		15,004		216,508
NextGen Healthcare *		24,910		595,847
NGM Biopharmaceuticals *		1		1
Nkarta *		1		2
Novavax *		41,465		276,157
Nurix Therapeutics *		23,065		128,933
Nuvalent, Cl A *		10,577		550,956
Nuvation Bio *		1		1
Nuvectis Pharma *		4,274		38,252
Ocean Biomedical *		1		2
Ocular Therapeutix *		1		3
Olema Pharmaceuticals *		14,584		193,821
Omega Therapeutics *		1		1

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

200

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Omeros *		1	$	1
Omnicell *		20,997		746,233
OPKO Health *		1		1
OptimizeRx *		7,556		60,901
Optinose *		1		1
Option Care Health *		77,132		2,138,870
OraSure Technologies *		39,618		204,429
Orchestra BioMed Holdings *		4,591		21,532
Organogenesis Holdings, Cl A *		1		2
ORIC Pharmaceuticals *		20,681		138,563
Orthofix Medical *		15,206		167,874
OrthoPediatrics *		7,024		171,807
Outlook Therapeutics *		1		1
Outset Medical *		21,296		75,388
Ovid therapeutics *		32,231		114,420
Owens & Minor *		31,731		454,705
P3 Health Partners *		1		1
Pacific Biosciences of California *		111,603		689,707
Pacira BioSciences *		19,697		556,637
Paragon 28 *		21,994		189,808
Patterson		38,373		1,168,842
PDS Biotechnology *		51,576		215,072
Pediatrix Medical Group *		35,983		412,365
Pennant Group *		11,372		123,614
PepGen *		6,927		35,466
PetIQ, Cl A *		12,030		225,803
Phathom Pharmaceuticals *		12,207		113,525
Phibro Animal Health, Cl A		8,983		98,094
Phreesia *		21,801		297,802
Pliant Therapeutics *		25,868		379,484
PMV Pharmaceuticals *		1		2
Point Biopharma Global, Cl A *		57,504		728,001
Poseida Therapeutics, Cl A *		1		2
Precigen *		1		1
Prelude Therapeutics *		1		2
Prestige Consumer Healthcare *		22,932		1,361,244
Prime Medicine *		18,871		122,473
Privia Health Group *		49,859		1,048,036
PROCEPT BioRobotics *		16,508		442,249

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

201

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Progyny *		34,468	$	1,063,682
ProKidney, Cl A *		1		2
Protagonist Therapeutics *		24,606		357,771
Protalix BioTherapeutics *		1		2
PTC Therapeutics *		31,028		581,775
Pulmonx *		14,391		126,497
Pulse Biosciences *		10,571		47,781
Quanterix *		16,471		357,750
Quantum-Si *		1		1
Quipt Home Medical *		21,844		103,322
RadNet *		26,995		727,785
Rain Oncology *		1		1
Rallybio *		7,262		30,500
RAPT Therapeutics *		16,631		218,698
Recursion Pharmaceuticals, Cl A *		66,042		348,702
REGENXBIO *		17,074		220,084
Relay Therapeutics *		37,002		244,213
Reneo Pharmaceuticals *		7,340		59,381
Replimune Group *		22,969		334,658
Revance Therapeutics *		35,831		282,707
REVOLUTION Medicines *		45,383		898,583
Rhythm Pharmaceuticals *		23,827		550,642
Rigel Pharmaceuticals *		1		1
Rocket Pharmaceuticals *		27,945		505,805
RxSight *		13,580		300,661
Sage Therapeutics *		24,928		466,901
Sagimet Biosciences, Cl A *		2,284		8,359
Sana Biotechnology *		36,008		106,584
Sanara Medtech *		2,228		61,248
Sangamo Therapeutics *		1		1
Savara *		1		4
Scholar Rock Holding *		15,000		176,400
Schrodinger *		23,241		504,330
scPharmaceuticals *		14,884		79,629
Seer, Cl A *		1		2
Select Medical Holdings		46,452		1,055,854
Selecta Biosciences *		1		1
Semler Scientific *		3,071		89,581
Seres Therapeutics *		1		2

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

202

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Sharecare *		1	$	1
SI-BONE *		14,825		252,173
SIGA Technologies		19,751		100,730
Sight Sciences *		9,061		14,362
Silk Road Medical *		16,826		126,363
Simulations Plus		6,704		236,450
SomaLogic *		1		2
SpringWorks Therapeutics *		26,443		605,545
STAAR Surgical *		22,679		948,436
Stoke Therapeutics *		9,461		36,046
Summit Therapeutics *		1		2
Supernus Pharmaceuticals *		21,654		516,448
Surgery Partners *		30,187		698,225
Surmodics *		5,882		173,284
Sutro Biopharma *		44,019		121,052
Syndax Pharmaceuticals *		31,423		442,436
Tactile Systems Technology *		16,846		183,958
Tango Therapeutics *		19,290		162,036
Taro Pharmaceutical Industries *		4,170		141,613
Tarsus Pharmaceuticals *		10,399		148,082
Tela Bio *		9,097		53,126
Tenaya Therapeutics *		1		2
Terns Pharmaceuticals *		39,136		205,855
TG Therapeutics *		58,026		448,541
Theravance Biopharma *		29,858		281,860
Theseus Pharmaceuticals *		1		2
Third Harmonic Bio *		8,591		54,982
TransMedics Group *		14,940		559,951
Travere Therapeutics *		29,936		193,985
Treace Medical Concepts *		20,725		207,872
Trevi Therapeutics *		1		2
Turnstone Biologics *		1		4
Twist Bioscience *		24,734		389,808
Tyra Biosciences *		6,382		74,031
UFP Technologies *		3,412		531,999
UroGen Pharma *		10,577		118,568
US Physical Therapy		6,375		536,201
Utah Medical Products		1,629		129,538
Vanda Pharmaceuticals *		26,160		114,581

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

203

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Varex Imaging *		16,527	$	298,312
Vaxcyte *		43,366		2,085,905
Vaxxinity, Cl A *		1		1
Ventyx Biosciences *		21,234		306,194
Vera Therapeutics, Cl A *		16,192		168,721
Veracyte *		31,457		651,789
Veradigm *		50,685		668,535
Vericel *		21,320		750,038
Verrica Pharmaceuticals *		47,963		176,504
Verve Therapeutics *		20,629		248,373
Vicarious Surgical, Cl A *		1		—
Viemed Healthcare *		17,377		109,649
Vigil Neuroscience *		9,319		65,233
Viking Therapeutics *		43,286		424,636
Vir Biotechnology *		37,659		298,636
Viridian Therapeutics *		20,792		259,900
Vor BioPharma *		1		2
Voyager Therapeutics *		15,812		103,885
WaVe Life Sciences *		33,050		177,809
Xencor *		25,198		437,185
Xeris Biopharma Holdings *		1		2
XOMA *		4,438		83,656
Y-mAbs Therapeutics *		25,001		133,505
Zentalis Pharmaceuticals *		26,545		434,276
Zevra Therapeutics *		19,072		85,443
Zimvie *		8,673		61,231
Zymeworks *		26,210		183,994
Zynex *		9,231		81,971
				129,065,870
Industrials — 11.2%
374Water *		1		2
3D Systems *		56,355		210,204
AAON		30,169		1,643,607
AAR *		15,376		912,719
ABM Industries		29,509		1,160,884
ACCO Brands		38,553		195,078
ACV Auctions, Cl A *		56,637		754,971
AeroVironment *		12,299		1,410,203

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

204

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
AerSale *		11,619	$	177,655
Air Transport Services Group *		25,156		492,303
Alamo Group		4,499		721,190
Albany International, Cl A		13,940		1,137,643
Alight, Cl A *		177,348		1,177,591
Allegiant Travel		7,053		469,871
Allient		6,218		171,617
Alta Equipment Group		9,163		84,208
Ameresco, Cl A *		14,350		375,252
American Woodmark *		7,584		509,872
Amprius Technologies *		5,086		14,800
API Group *		93,129		2,409,247
Apogee Enterprises		10,237		439,372
Applied Industrial Technologies		17,200		2,640,372
ArcBest		10,752		1,170,678
Archer Aviation, Cl A *		68,121		323,575
Arcosa		21,607		1,492,395
Argan		6,449		294,977
Aris Water Solutions, Cl A		16,967		141,674
Array Technologies *		68,835		1,192,911
ASGN *		21,471		1,791,970
Astec Industries		10,147		406,286
Astronics *		11,672		178,932
Asure Software *		10,178		86,106
Atkore *		18,653		2,318,195
AZZ		11,079		523,704
Babcock & Wilcox Enterprises *		1		3
Barnes Group		21,839		454,033
Barrett Business Services		3,154		288,465
Beacon Roofing Supply *		24,025		1,709,859
BlackSky Technology *		1		1
Blade Air Mobility *		1		2
Blink Charging *		15,870		37,771
Bloom Energy, Cl A *		86,026		894,670
Blue Bird *		7,935		144,496
BlueLinx Holdings *		3,990		283,729
Boise Cascade		19,696		1,846,500
Bowman Consulting Group, Cl A *		5,142		136,623
BrightView Holdings *		19,038		128,316

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

205

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Brink’s		20,556	$	1,374,374
Cadre Holdings		9,385		263,249
Casella Waste Systems, Cl A *		25,772		1,944,497
CBIZ *		22,158		1,151,330
CECO Environmental *		14,745		238,574
Chart Industries *		19,201		2,231,732
Columbus McKinnon		12,775		390,532
Comfort Systems USA		16,090		2,925,966
Commercial Vehicle Group *		16,390		114,238
CompX International		1,017		19,140
Concrete Pumping Holdings *		11,797		82,933
Conduent *		1		3
Construction Partners, Cl A *		18,933		727,974
CoreCivic *		49,413		627,545
Covenant Logistics Group, Cl A		5,292		208,955
CRA International		3,063		297,448
CSG Systems International		15,134		709,179
CSW Industrials		6,802		1,205,723
Custom Truck One Source *		24,435		140,990
Daseke *		16,833		74,739
Deluxe		18,431		314,249
Desktop Metal, Cl A *		1		1
Distribution Solutions Group *		4,674		140,921
Douglas Dynamics		9,782		237,507
Dragonfly Energy Holdings *		1		1
Ducommun *		6,658		318,519
DXP Enterprises *		7,228		235,633
Dycom Industries *		12,621		1,075,057
Eagle Bulk Shipping		5,804		236,803
Encore Wire		8,230		1,471,771
Energy Recovery *		24,149		367,065
Energy Vault Holdings *		1		2
Enerpac Tool Group, Cl A		25,913		733,338
EnerSys		18,878		1,615,579
Eneti		9,437		95,786
Ennis		11,172		238,634
Enovix *		61,758		550,264
EnPro Industries		9,686		1,075,727
Enviri *		32,410		186,033

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

206

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Eos Energy Enterprises *		1	$	2
ESCO Technologies		11,227		1,091,489
ESS Tech *		1		1
Eve Holding *		10,020		75,150
EVI Industries		3,107		79,943
ExlService Holdings *		73,706		1,924,464
Exponent		23,110		1,693,732
Federal Signal		27,462		1,593,894
First Advantage		25,204		327,904
FiscalNote Holdings *		1		1
Fluence Energy, Cl A *		16,937		293,349
Fluor *		64,494		2,147,005
Forrester Research *		5,000		116,000
Forward Air		11,700		753,597
Franklin Covey *		5,441		214,430
Franklin Electric		21,121		1,831,613
Frontier Group Holdings *		16,222		54,993
FTAI Aviation		44,487		1,673,156
FTAI Infrastructure		1		3
FTC Solar *		1		1
FuelCell Energy *		1		1
GATX		15,975		1,670,665
Genco Shipping & Trading		16,258		214,118
Gencor Industries *		6,096		86,563
GEO Group *		52,803		461,498
Gibraltar Industries *		14,069		856,239
Global Industrial		5,678		181,412
GMS *		18,563		1,085,564
Gorman-Rupp		9,825		290,329
GrafTech International		82,229		283,690
Granite Construction		19,436		786,769
Great Lakes Dredge & Dock *		28,107		213,613
Greenbrier		13,618		471,047
Griffon		21,335		852,120
H&E Equipment Services		14,456		588,648
Hawaiian Holdings *		21,780		91,694
Healthcare Services Group		31,957		303,591
Heartland Express		20,219		235,754
Heidrick & Struggles International		8,472		206,208

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

207

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Helios Technologies		14,249	$	736,958
Herc Holdings		12,591		1,344,593
Hillenbrand		30,914		1,175,659
Hillman Solutions *		78,313		513,733
HireQuest		10,871		165,674
HireRight Holdings *		9,061		83,452
HNI		20,313		704,672
Hub Group, Cl A *		14,408		990,550
Hudson Technologies *		20,735		267,067
Huron Consulting Group *		9,216		915,702
Hyliion Holdings *		1		1
Hyster-Yale Materials Handling		4,864		194,609
IBEX Holdings *		4,114		67,140
ICF International		8,668		1,098,496
IES Holdings *		4,002		249,044
Innodata *		13,030		97,725
INNOVATE *		1		1
Insperity		17,368		1,838,229
Insteel Industries		8,043		224,480
Interface, Cl A		27,420		243,764
Janus International Group *		37,320		349,315
JELD-WEN Holding *		38,292		433,848
JetBlue Airways *		148,031		556,597
Joby Aviation *		125,888		663,430
John Bean Technologies		14,695		1,528,574
Kadant		5,755		1,266,100
Kaman		11,908		221,608
Karat Packaging		2,468		50,915
Kelly Services, Cl A		15,165		270,695
Kennametal		35,331		816,499
Kforce		8,608		525,432
Korn Ferry		23,748		1,081,009
Kratos Defense & Security Solutions *		54,050		921,553
LanzaTech Global *		12,547		44,165
Legalzoom.com *		45,944		458,062
Leonardo DRS *		23,520		448,526
Limbach Holdings *		5,032		149,954
Lindsay		4,831		603,489
Liquidity Services *		10,657		205,360

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

208

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
LSI Industries		13,278	$	197,577
Manitowoc *		15,417		197,338
Marten Transport		25,386		446,286
Masonite International *		9,960		788,234
Masterbrand *		58,972		655,179
Matson		17,367		1,511,797
Matthews International, Cl A		13,233		468,978
Maximus		27,730		2,071,986
Mayville Engineering *		6,468		78,198
McGrath RentCorp		12,126		1,219,876
Microvast Holdings *		1		1
Miller Industries		4,955		180,213
MillerKnoll		35,492		834,062
Mistras Group *		12,261		67,068
Montrose Environmental Group *		11,833		273,579
Moog, Cl A		12,512		1,452,018
MRC Global *		35,535		373,473
Mueller Industries		51,230		1,931,883
Mueller Water Products, Cl A		67,989		841,024
MYR Group *		7,647		885,752
National Presto Industries		2,302		172,075
NEXTracker, Cl A *		23,346		811,507
Nikola *		1		1
NL Industries		3,258		16,225
Northwest Pipe *		4,289		116,918
NOW *		47,435		522,734
NuScale Power *		23,636		79,890
NV5 Global *		5,921		558,646
Omega Flex		1,477		107,924
OPENLANE *		51,286		688,771
PAM Transportation Services *		3,245		56,041
Pangaea Logistics Solutions		19,278		111,620
Park Aerospace		8,145		119,569
Park-Ohio Holdings		4,962		112,538
Parsons *		18,592		1,051,378
Performant Financial *		1		2
PGT Innovations *		24,789		742,183
Pitney Bowes		1		3
Planet Labs PBC *		1		2

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

209

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Powell Industries		4,181	$	320,474
Preformed Line Products		1,339		181,234
Primoris Services		22,811		685,699
Proto Labs *		11,886		280,628
Quad *		13,714		67,061
Quanex Building Products		14,485		388,922
Radiant Logistics *		15,950		93,467
Redwire *		1		3
Resideo Technologies *		62,962		911,690
Resources Connection		13,731		184,957
REV Group		14,491		206,352
Rocket Lab USA *		126,379		534,583
Rush Enterprises, Cl A		27,330		972,401
Rush Enterprises, Cl B		4,382		177,188
RXO *		52,084		911,991
SES AI *		1		2
Shoals Technologies Group, Cl A *		76,228		1,170,862
Shyft Group		14,946		164,107
Simpson Manufacturing		19,688		2,622,048
Skillsoft *		4,196		78,885
SkyWest *		21,369		901,131
SKYX Platforms *		1		2
Southland Holdings *		4,176		26,309
SP Plus *		9,931		501,813
Spirit Airlines		46,763		536,839
SPX Technologies *		20,664		1,655,600
Standex International		5,121		735,222
Steelcase, Cl A		35,295		385,068
Stem *		67,907		229,526
Sterling Check *		19,579		218,893
Sterling Infrastructure *		13,794		1,004,893
Sun Country Airlines Holdings *		20,133		262,132
SunPower, Cl A *		35,155		150,112
Tennant		8,162		605,784
Terex		30,791		1,410,228
Terran Orbital *		1		1
Thermon Group Holdings *		14,348		382,948
Titan International *		21,947		249,318
Titan Machinery *		8,921		221,598

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

210

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
TPI Composites *		1	$	2
Transcat *		3,071		276,451
TriNet Group *		16,734		1,719,418
Trinity Industries		35,809		745,901
Triumph Group *		27,685		206,530
TrueBlue *		14,853		164,423
TTEC Holdings		8,333		171,493
TuSimple Holdings, Cl A *		1		1
Tutor Perini *		17,003		122,592
UFP Industries		27,575		2,624,313
UniFirst		6,714		1,103,983
Universal Logistics Holdings		3,432		76,808
Upwork *		57,503		600,906
V2X *		5,145		262,755
Velo3D *		1		1
Veritiv		6,132		1,038,822
Verra Mobility, Cl A *		63,779		1,260,911
Viad *		8,779		212,715
Vicor *		9,482		367,333
Virgin Galactic Holdings *		1		1
VSE		7,034		378,429
Wabash National		21,091		436,373
Watts Water Technologies, Cl A		12,461		2,155,878
Werner Enterprises		29,301		1,064,212
Willdan Group *		5,110		90,140
Willis Lease Finance *		1,765		78,860
Xometry, Cl A *		15,010		218,395
Zurn Elkay Water Solutions		65,852		1,742,444
				157,126,083
Information Technology — 8.3%
8x8 *		1		2
908 Devices *		11,175		66,268
A10 Networks		34,100		370,667
ACI Worldwide *		49,474		1,007,785
ACM Research, Cl A *		22,050		299,880
Adeia		47,789		402,861
ADTRAN Holdings		34,934		229,516
Advanced Energy Industries		16,751		1,461,692

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

211

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Aehr Test Systems *		11,914	$	280,694
Aeva Technologies *		1		—
Agilysys *		8,973		769,794
Akoustis Technologies *		1		1
Alarm.com Holdings *		21,345		1,091,370
Alkami Technology *		17,685		317,446
Alpha & Omega Semiconductor *		10,376		246,119
Altair Engineering, Cl A *		24,472		1,520,201
Ambarella *		17,668		794,883
American Software, Cl A		17,436		191,273
Amkor Technology		45,648		952,217
Amplitude, Cl A *		33,514		333,799
Appfolio, Cl A *		8,579		1,609,163
Appian, Cl A *		18,290		721,723
Applied Digital *		31,997		156,145
Arlo Technologies *		38,625		327,926
Asana, Cl A *		35,435		654,484
Atomera *		9,743		62,355
Aurora Innovation, Cl A *		1		2
AvePoint *		71,041		532,097
Aviat Networks *		4,982		133,019
Avid Technology *		15,484		418,378
Axcelis Technologies *		14,509		1,849,897
Badger Meter		13,099		1,814,866
Bel Fuse, Cl B		4,995		270,629
Belden		18,932		1,342,279
Benchmark Electronics		15,810		382,760
BigBear.ai Holdings *		1		1
BigCommerce Holdings *		30,074		267,358
Blackbaud *		21,352		1,396,421
BlackLine *		25,107		1,232,754
Box, Cl A *		63,875		1,587,932
Braze, Cl A *		23,243		989,687
Brightcove *		16,833		51,846
C3.ai, Cl A *		31,482		768,161
Calix *		27,111		897,916
Cambium Networks *		5,073		25,264
Cerence *		18,060		276,499
CEVA *		9,734		167,133

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

212

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Cipher Mining *		1	$	3
Cleanspark *		28,001		114,804
Clear Secure, Cl A		37,585		632,180
Clearfield *		5,859		140,733
Climb Global Solutions		2,289		101,815
Cohu *		20,449		616,333
CommScope Holding *		1		1
CommVault Systems *		19,384		1,266,744
CompoSecure *		3,243		19,555
Comtech Telecommunications		11,670		142,374
Consensus Cloud Solutions *		8,198		176,995
CoreCard *		4,063		86,826
Corsair Gaming *		21,337		272,900
Couchbase *		15,239		237,119
CPI Card Group *		2,815		46,588
Credo Technology Group Holding *		42,942		610,635
CS Disco *		9,381		52,627
CTS		14,312		535,412
CXApp *		1		1
Daktronics *		20,802		200,115
Digi International *		14,962		376,743
Digimarc *		5,918		153,513
Digital Turbine *		42,333		200,658
DigitalOcean Holdings *		32,291		660,674
Diodes *		20,707		1,347,612
Domo, Cl B *		13,879		113,253
DZS *		1		1
E2open Parent Holdings *		1		3
Eastman Kodak *		19,992		74,370
Ebix		11,454		69,755
eGain *		8,688		52,302
Enfusion, Cl A *		13,916		115,503
EngageSmart *		22,590		511,663
Envestnet *		24,320		899,840
ePlus *		11,669		729,313
Everbridge *		17,541		361,520
EverCommerce *		11,639		111,502
Evolv Technologies Holdings *		53,199		226,096
Expensify, Cl A *		1		3

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

213

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Extreme Networks *		62,219	$	1,282,956
FARO Technologies *		7,967		102,535
Fastly, Cl A *		62,068		910,538
FormFactor *		35,640		1,207,483
Freshworks, Cl A *		72,520		1,301,009
Grid Dynamics Holdings *		22,933		232,541
Hackett Group		11,682		260,392
Harmonic *		49,665		535,885
Ichor Holdings *		12,094		293,400
Immersion		16,991		108,572
Impinj *		10,370		670,006
Infinera *		103,987		304,682
Information Services Group		14,756		59,909
Insight Enterprises *		14,260		2,043,458
Instructure Holdings *		10,142		249,797
Intapp *		10,257		350,789
InterDigital		13,103		986,001
inTEST *		5,620		72,667
Intevac *		17,403		55,864
IonQ *		72,938		703,122
Iteris *		24,043		106,270
Itron *		21,046		1,205,515
Jamf Holding *		31,902		512,346
Kaltura *		1		2
Kimball Electronics *		10,579		277,170
Knowles *		38,547		500,726
KVH Industries *		10,540		49,327
Lightwave Logic *		46,256		209,540
LivePerson *		1		3
LiveRamp Holdings *		28,895		799,236
LiveVox Holdings *		1		4
Luna Innovations *		16,509		93,771
MACOM Technology Solutions Holdings *		24,972		1,761,525
Marathon Digital Holdings *		75,675		666,697
Matterport *		1		2
Maxeon Solar Technologies *		11,941		74,512
MaxLinear, Cl A *		35,132		534,006
MeridianLink *		10,014		164,430
Methode Electronics		15,615		357,115

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

214

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
MicroStrategy, Cl A *		5,361	$	2,269,794
MicroVision *		1		2
Mirion Technologies, Cl A *		90,717		628,669
Mitek Systems *		17,749		189,559
Model N *		16,087		387,697
N-able *		31,448		407,566
Napco Security Technologies		13,870		254,792
Navitas Semiconductor, Cl A *		47,419		248,476
NETGEAR *		12,489		157,861
NetScout Systems *		29,782		650,141
NextNav *		1		5
nLight *		21,409		178,337
Novanta *		16,291		2,151,389
NVE		2,336		158,848
Olo, Cl A *		45,630		233,169
ON24		17,331		106,586
OneSpan *		19,473		153,837
Onto Innovation *		22,633		2,543,270
OSI Systems *		7,017		731,663
PagerDuty *		41,521		837,479
PAR Technology *		12,379		361,343
PC Connection		4,792		256,755
PDF Solutions *		13,056		346,376
Perficient *		16,015		931,913
Photronics *		26,355		483,878
Plexus *		12,740		1,252,597
Power Integrations		25,937		1,798,212
PowerSchool Holdings, Cl A *		25,754		513,020
Presto Automation *		1		1
Progress Software		21,279		1,093,315
PROS Holdings *		19,724		614,403
Q2 Holdings *		26,645		800,149
Qualys *		16,811		2,571,242
Rackspace Technology *		1		1
Rambus *		50,119		2,722,965
Rapid7 *		27,454		1,276,336
Red Violet *		3,900		77,181
Ribbon Communications *		1		2
Richardson Electronics		6,540		75,014

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

215

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Rimini Street *		1	$	2
Riot Platforms *		92,389		903,564
Rogers *		8,314		1,021,707
Sanmina *		26,208		1,333,201
ScanSource *		10,823		329,019
SEMrush Holdings, Cl A *		16,387		132,407
Semtech *		27,729		387,097
Silicon Laboratories *		14,325		1,320,478
SiTime *		7,580		756,484
SkyWater Technology *		8,716		42,970
SMART Global Holdings *		20,931		286,755
SmartRent, Cl A *		1		2
SolarWinds *		19,934		183,592
SoundHound AI, Cl A *		1		2
SoundThinking *		3,947		59,560
Sprinklr, Cl A *		46,864		636,882
Sprout Social, Cl A *		22,319		965,966
SPS Commerce *		16,523		2,649,298
Squarespace, Cl A *		20,391		579,308
Super Micro Computer *		21,022		5,034,138
Synaptics *		17,955		1,502,115
Tenable Holdings *		51,568		2,171,528
Terawulf *		1		1
Thoughtworks Holding *		43,664		148,021
Transphorm *		1		3
TTM Technologies *		43,575		500,677
Tucows, Cl A *		4,255		71,867
Turtle Beach *		6,960		57,420
Ultra Clean Holdings *		19,413		463,194
Unisys *		27,150		75,477
Varonis Systems, Cl B *		49,846		1,676,819
Veeco Instruments *		22,298		533,814
Verint Systems *		28,348		533,226
Veritone *		1		3
Viant Technology, Cl A *		5,227		28,174
Viavi Solutions *		99,736		775,946
Vishay Intertechnology		59,336		1,319,633
Vishay Precision Group *		5,452		163,124
Vuzix *		24,435		79,414

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

216

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Weave Communications *		18,813	$	134,701
Workiva, Cl A *		21,809		1,899,346
X4 Pharmaceuticals *		1		1
Xerox Holdings		51,039		655,341
Xperi *		17,793		151,063
Yext *		47,751		287,939
Zeta Global Holdings, Cl A *		61,566		480,215
Zuora, Cl A *		55,764		413,211
				116,783,598
Materials — 2.9%
5E Advanced Materials *		1		2
AdvanSix		11,842		326,247
Alpha Metallurgical Resources		5,754		1,265,650
American Vanguard		12,698		118,853
Arch Resources		8,232		1,241,633
Aspen Aerogels *		23,052		177,961
ATI *		57,418		2,168,678
Avient		40,261		1,273,053
Balchem		14,244		1,655,723
Cabot		24,567		1,633,214
Carpenter Technology		22,146		1,388,997
Century Aluminum *		23,105		152,724
Chase		3,301		419,425
Clearwater Paper *		7,291		246,509
Coeur Mining *		1		3
Commercial Metals		52,333		2,213,163
Compass Minerals International		15,031		370,364
Constellium, Cl A *		54,345		858,651
Contango ORE *		2,407		41,039
Core Molding Technologies *		4,496		115,008
Dakota Gold *		1		3
Danimer Scientific *		1		1
Ecovyst *		42,014		386,529
Glatfelter *		1		2
Greif, Cl A		11,092		704,342
Greif, Cl B		2,562		164,122
Hawkins		8,416		483,331
Haynes International		5,345		229,969

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

217

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
HB Fuller		24,763	$	1,638,072
Hecla Mining		261,889		1,065,888
Ingevity *		16,683		671,991
Innospec		11,551		1,131,998
Intrepid Potash *		4,844		96,347
Ivanhoe Electric *		27,524		281,846
Kaiser Aluminum		6,979		396,407
Knife River *		25,455		1,280,896
Koppers Holdings		8,967		327,923
Kronos Worldwide		9,880		68,172
Livent *		80,131		1,169,111
LSB Industries *		31,613		287,994
Materion		8,936		866,613
Mativ Holdings		23,562		308,662
Minerals Technologies		14,092		761,814
Myers Industries		15,525		260,354
O-I Glass, Cl I *		67,657		1,045,301
Olympic Steel		4,186		212,523
Origin Materials *		1		1
Pactiv Evergreen		17,919		154,462
Perimeter Solutions *		72,652		232,486
Perpetua Resources *		22,514		81,276
Piedmont Lithium *		8,891		244,236
PureCycle Technologies *		58,498		260,316
Quaker Chemical		6,097		876,261
Ramaco Resources, Cl A		9,303		109,589
Ramaco Resources, Cl B		1,861		23,276
Ranpak Holdings, Cl A *		16,427		51,909
Rayonier Advanced Materials *		1		3
Ryerson Holding		12,110		351,795
Schnitzer Steel Industries, Cl A		11,153		253,285
Sensient Technologies		19,546		1,102,785
Stepan		9,311		696,463
Summit Materials, Cl A *		54,111		1,780,252
SunCoke Energy		34,209		325,328
Sylvamo		17,159		760,144
TimkenSteel *		19,789		402,310
Tredegar		14,086		63,105
TriMas		18,403		445,537

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

218

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
Trinseo		16,171	$	100,098
Tronox Holdings, Cl A		50,293		537,632
United States Lime & Minerals		1,086		215,017
Valhi		1,238		13,816
Warrior Met Coal		23,940		1,166,596
Worthington Industries		13,943		859,168
				40,614,254
Real Estate — 4.0%
Acadia Realty Trust ‡		41,706		597,230
Alexander & Baldwin ‡		32,372		511,478
Alexander’s ‡		1,086		204,157
Alpine Income Property Trust ‡		7,199		110,865
American Assets Trust ‡		21,805		387,039
American Realty Investors *		597		7,492
Anywhere Real Estate *		47,614		222,357
Apartment Investment and Management, Cl A ‡ *		66,238		388,155
Apple Hospitality REIT ‡		96,057		1,506,174
Armada Hoffler Properties ‡		30,142		300,214
Braemar Hotels & Resorts ‡		1		3
Brandywine Realty Trust ‡		69,877		261,340
Broadstone Net Lease, Cl A ‡		83,754		1,185,119
BRT Apartments ‡		5,411		87,821
CareTrust ‡		43,745		941,392
CBL & Associates Properties ‡		11,506		238,519
Centerspace ‡		6,501		315,819
Chatham Lodging Trust ‡		20,787		192,280
City Office REIT ‡		17,733		67,563
Clipper Realty ‡		4,887		23,213
Community Healthcare Trust ‡		12,727		364,883
Compass, Cl A *		1		2
COPT Defense Properties ‡		52,034		1,186,375
CTO Realty Growth ‡		10,455		169,266
Cushman & Wakefield *		70,065		516,379
DiamondRock Hospitality ‡		88,446		683,688
DigitalBridge Group		71,187		1,128,314
Diversified Healthcare Trust ‡		1		2
Douglas Elliman		1		2

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

219

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Douglas Emmett ‡		76,594	$	858,619
Easterly Government Properties, Cl A ‡		39,196		421,749
Elme Communities ‡		38,221		487,700
Empire State Realty Trust, Cl A ‡		58,337		471,946
Equity Commonwealth ‡		45,930		869,914
Essential Properties Realty Trust ‡		73,081		1,604,128
eXp World Holdings		30,921		410,322
Farmland Partners ‡		23,223		241,984
Forestar Group *		7,939		188,551
Four Corners Property Trust ‡		40,058		853,235
FRP Holdings *		2,952		158,788
Getty Realty ‡		18,993		505,594
Gladstone Commercial ‡		16,943		202,469
Gladstone Land ‡		13,603		185,817
Global Medical REIT ‡		28,630		247,936
Global Net Lease ‡		80,059		635,666
Hersha Hospitality Trust, Cl A ‡		13,405		132,978
Hudson Pacific Properties ‡		66,013		294,418
Independence Realty Trust ‡		107,442		1,331,206
Innovative Industrial Properties, Cl A ‡		12,176		874,602
InvenTrust Properties ‡		29,630		743,713
JBG SMITH Properties ‡		50,735		652,959
Kennedy-Wilson Holdings		51,531		663,204
Kite Realty Group Trust ‡		98,460		2,099,167
LTC Properties ‡		17,920		566,451
LXP Industrial Trust ‡		129,633		1,025,397
Macerich ‡		93,786		911,600
Marcus & Millichap		11,849		340,066
Maui Land & Pineapple *		4,821		70,579
National Health Investors ‡		18,564		928,943
NETSTREIT ‡		34,802		495,928
Newmark Group, Cl A		66,614		377,701
NexPoint Diversified Real Estate Trust ‡		15,715		123,834
NexPoint Residential Trust ‡		10,323		278,618
Office Properties Income Trust ‡		20,542		92,234
One Liberty Properties ‡		7,069		130,070
Opendoor Technologies *		1		2
Orion Office REIT ‡		23,633		112,966
Outfront Media ‡		63,758		622,278

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

220

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Paramount Group ‡		76,766	$	328,558
Peakstone Realty Trust ‡		20,467		264,434
Pebblebrook Hotel Trust ‡		57,218		682,611
Phillips Edison ‡		53,933		1,904,374
Physicians Realty Trust ‡		108,559		1,178,951
Piedmont Office Realty Trust, Cl A ‡		50,702		264,157
Plymouth Industrial REIT ‡		21,009		418,919
Postal Realty Trust, Cl A ‡		7,799		103,259
PotlatchDeltic ‡		35,185		1,507,677
RE/MAX Holdings, Cl A		8,170		87,909
Redfin *		42,897		199,900
Retail Opportunity Investments ‡		51,789		608,003
RLJ Lodging Trust ‡		69,770		655,838
RMR Group, Cl A		6,799		153,113
RPT Realty ‡		38,494		415,350
Ryman Hospitality Properties ‡		25,618		2,192,901
Sabra Health Care REIT ‡		101,067		1,378,554
Safehold ‡		21,188		344,729
Saul Centers ‡		5,238		182,125
Service Properties Trust ‡		67,705		490,861
SITE Centers ‡		86,001		1,002,772
SL Green Realty ‡		29,848		874,248
St. Joe		15,510		723,386
Star Holdings *		8,885		101,733
Stratus Properties *		2,367		60,761
Summit Hotel Properties ‡		42,897		241,939
Sunstone Hotel Investors ‡		91,604		851,917
Tanger Factory Outlet Centers ‡		47,363		1,068,036
Tejon Ranch *		9,310		144,491
Terreno Realty ‡		37,301		1,987,397
Transcontinental Realty Investors *		700		21,266
UMH Properties ‡		22,462		310,200
Uniti Group ‡		100,452		462,079
Universal Health Realty Income Trust ‡		5,622		216,110
Urban Edge Properties ‡		48,989		776,966
Veris Residential ‡		37,541		502,674
Whitestone REIT, Cl B ‡		19,005		189,100
Xenia Hotels & Resorts ‡		50,014		581,663
				56,289,434

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

221

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Utilities — 1.9%
ALLETE		25,749	$	1,378,601
Altus Power, Cl A *		42,422		225,261
American States Water		16,509		1,288,527
Artesian Resources, Cl A		3,780		148,554
Avista		37,156		1,177,474
Black Hills		29,684		1,435,221
Cadiz *		1		3
California Water Service Group		27,393		1,333,491
Chesapeake Utilities		7,621		675,297
Genie Energy, Cl B		10,363		205,602
Global Water Resources		5,430		57,178
MGE Energy		16,863		1,207,897
Middlesex Water		7,610		483,463
Montauk Renewables *		27,801		279,678
New Jersey Resources		44,427		1,802,848
Northwest Natural Holding		15,526		569,959
Northwestern Energy Group		26,564		1,275,338
ONE Gas		25,033		1,511,993
Ormat Technologies		23,604		1,452,590
Otter Tail		18,993		1,461,321
PNM Resources		39,256		1,658,959
Portland General Electric		43,136		1,726,303
Pure Cycle *		8,145		77,866
RGC Resources		4,567		71,428
SJW Group		13,931		870,409
Southwest Gas Holdings		29,224		1,712,819
Spire		24,324		1,353,144
Sunnova Energy International *		42,615		389,075
Unitil		7,036		321,334
York Water		6,145		221,650
				26,373,283
TOTAL UNITED STATES				908,116,368
TOTAL COMMON STOCK (Cost $1,033,417,296)				934,224,515

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

222

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

	Shares		Value
EXCHANGE TRADED FUND(A)(B) — 34.5%
Vanguard Russell 2000 ETF (C)		7,291,848	$	485,418,321
TOTAL EXCHANGE TRADED FUND (Cost $526,119,573)				485,418,321
	Number of Rights
RIGHTS — 0.0%
United States — 0.0%
CinCor Pharma# *(A)(D)		15,984		48,911
Jounce Therapeutics# *(A)(D)		1		—
Lazydays Holdings*(A)(D) Expires 11/14/2023		7,630		—
Novartis CVR# *(D)		26,043		10,157
OmniAb CVR# *(A)(D)		2,421		49
OmniAb CVR# *(A)(D)		2,421		48
TOTAL RIGHTS (Cost $–)				59,165
TOTAL INVESTMENTS — 101.0% (Cost $1,559,536,869)			$	1,419,702,001
WRITTEN OPTIONS— (1.2)% (Premiums Received  $(40,868,285))			$	(16,253,460	)

Percentages are based on Net Assets of $1,406,037,745.

A list of the exchange traded option contracts held by the Fund at October 31, 2023, is as follows:

Description	Number of Contracts			Notional Amount		Exercise Price		Expiration Date	Value
WRITTEN OPTIONS — (1.2)%
Call Options
Russell 2000 Index		(8,532	)	$	(1,418,259,002)	$	1,690	11/17/23	$	(16,253,460)

*	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 Fair Value of the securities pledged as collateral is $1,419,702,001.

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

223

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call ETF

(B)	For financial information on the Vanguard Russell 2000 ETF, please go to the Securities Exchange Commission’s website at http://www.sec.gov.
(C)	Affiliated investment.
(D)	Level 3 security in accordance with fair value hierarchy.

The following is a summary of the level of inputs used as of October 31, 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	$	934,176,125		$	48,390	$	—	$	934,224,515
Exchange Traded Fund		485,418,321			—		—		485,418,321
Rights		—			—		59,165		59,165
Total Investments in Securities	$	1,419,594,446		$	48,390	$	59,165	$	1,419,702,001
Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(16,253,460	)	$	—	$	—	$	(16,253,460	)
Total Other Financial Instruments	$	(16,253,460	)	$	—	$	—	$	(16,253,460	)

(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 year ended October 31, 2023:

Value at 10/31/22		Purchases at Cost		Proceeds from Sales		Changes in Unrealized Appreciation (Depreciation)		Realized Gain (Loss)		Value at 10/31/23		Income		Capital Gains
Vanguard Russell 2000 ETF
	$444,049,022		$636,462,168		($551,283,787)		($44,524,279)		$715,197		$485,418,321		$7,451,586	$	—

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.

224

Schedule of Investments	October 31, 2023
Global X S&P Catholic Values Developed ex-US ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK — 99.1%
AUSTRALIA — 8.7%
Communication Services — 0.1%
REA Group		56	$	5,095
Telstra Group		4,848		11,695
				16,790
Consumer Discretionary — 0.3%
Wesfarmers		1,541		49,292
Consumer Staples — 0.7%
Coles Group		3,011		29,111
Endeavour Group		2,690		8,414
Woolworths Group		2,775		61,881
				99,406
Energy — 0.5%
Santos		3,804		18,473
Woodside Energy Group		2,231		48,395
				66,868
Financials — 2.6%
ANZ Group Holdings		3,559		55,681
ASX		226		8,032

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

225

Schedule of Investments	October 31, 2023
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Commonwealth Bank of Australia		1,974	$	120,685
Macquarie Group		425		43,318
National Australia Bank		3,687		65,481
QBE Insurance Group		1,761		17,394
Suncorp Group		1,491		12,631
Westpac Banking		4,104		53,528
				376,750
Health Care — 0.8%
Cochlear		359		54,743
EBOS Group		796		16,200
Sonic Healthcare		2,588		47,110
				118,053
Industrials — 0.5%
Brambles		2,176		18,062
Computershare		802		12,588
Transurban Group		4,923		36,843
				67,493
Information Technology — 0.1%
WiseTech Global		210		7,733
Materials — 2.8%
BHP Group		6,196		174,574
Fortescue Metals Group		2,060		29,086
Glencore		13,832		73,037
Rio Tinto		464		34,543
Rio Tinto PLC		1,373		87,551
South32		5,674		11,927
				410,718
Real Estate — 0.2%
Goodman Group ‡		1,995		26,198
Scentre Group ‡		6,119		9,414
				35,612

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

226

Schedule of Investments	October 31, 2023
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Utilities — 0.1%
APA Group		1,365	$	7,121
TOTAL AUSTRALIA				1,255,836
AUSTRIA — 0.3%
Communication Services — 0.0%
Eurotelesites *		43		144
Telekom Austria, Cl A		170		1,186
				1,330
Energy — 0.0%
OMV		170		7,432
Financials — 0.2%
BAWAG Group		100		4,433
Erste Group Bank		426		15,197
Raiffeisen Bank International *		168		2,428
				22,058
Industrials — 0.0%
ANDRITZ		110		5,046
Strabag		21		829
				5,875
Utilities — 0.1%
EVN		15		407
Verbund		112		9,707
				10,114
TOTAL AUSTRIA				46,809
BELGIUM — 1.6%
Consumer Discretionary — 0.0%
D’ieteren Group		26		3,850
Consumer Staples — 0.9%
Anheuser-Busch InBev		2,357		133,612
Financials — 0.2%
Groupe Bruxelles Lambert		120		8,752

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

227

Schedule of Investments	October 31, 2023
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
KBC Group		393	$	21,559
				30,311
Health Care — 0.3%
UCB		641		46,791
Materials — 0.1%
Solvay		87		9,172
Utilities — 0.1%
Elia Group		43		4,075
TOTAL BELGIUM				227,811
BRAZIL — 0.0%
Materials — 0.0%
Yara International		199		6,502
CHINA — 0.7%
Consumer Discretionary — 0.4%
Chow Tai Fook Jewellery Group		3,000		4,233
Prosus		2,052		57,332
				61,565
Consumer Staples — 0.2%
Budweiser Brewing APAC		3,700		7,037
Wilmar International		6,512		16,921
				23,958
Financials — 0.1%
BOC Hong Kong Holdings		4,400		11,640
Utilities — 0.0%
ENN Energy Holdings		800		6,109
TOTAL CHINA				103,272

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

228

Schedule of Investments	October 31, 2023
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
DENMARK — 1.2%
Health Care — 0.4%
Coloplast, Cl B		637	$	66,304
Industrials — 0.7%
AP Moller - Maersk, Cl A		4		6,515
AP Moller - Maersk, Cl B		7		11,623
DSV		286		42,608
Vestas Wind Systems *		1,618		34,888
				95,634
Utilities — 0.1%
Orsted		226		10,875
TOTAL DENMARK				172,813
FINLAND — 0.9%
Energy — 0.1%
Neste		504		16,893
Financials — 0.5%
Mandatum *		563		2,173
Nordea Bank Abp		4,344		45,607
Sampo, Cl A		563		22,084
				69,864
Industrials — 0.2%
Kone, Cl B		651		28,137
Information Technology — 0.1%
Nokia		6,457		21,431
TOTAL FINLAND				136,325
FRANCE — 11.5%
Communication Services — 0.0%
Adevinta, Cl B *		340		2,984
Consumer Discretionary — 2.6%
Christian Dior		4		2,757
Hermes International SCA		46		85,556

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

229

Schedule of Investments	October 31, 2023
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Kering		91	$	36,859
LVMH Moet Hennessy Louis Vuitton		349		248,819
				373,991
Consumer Staples — 2.6%
Danone		1,431		84,931
L’Oreal		519		217,322
Pernod Ricard		453		80,203
				382,456
Energy — 1.3%
TotalEnergies		2,719		181,636
Financials — 1.1%
AXA		2,096		61,934
BNP Paribas		1,326		76,092
Credit Agricole		1,335		16,056
				154,082
Health Care — 1.9%
EssilorLuxottica		1,542		278,126
Industrials — 0.6%
Vinci		802		88,570
Information Technology — 0.5%
Capgemini		189		33,262
Dassault Systemes		833		34,176
				67,438
Materials — 0.7%
Air Liquide		637		108,861
Utilities — 0.2%
Engie		2,215		35,128
TOTAL FRANCE				1,673,272

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

230

Schedule of Investments	October 31, 2023
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
GERMANY — 6.3%
Communication Services — 0.6%
Deutsche Telekom		4,085	$	88,408
Consumer Discretionary — 1.0%
adidas		224		39,588
Bayerische Motoren Werke		407		37,699
Mercedes-Benz Group		1,084		63,511
Volkswagen		37		4,255
				145,053
Consumer Staples — 0.3%
Beiersdorf		221		28,978
Henkel & KGaA		206		12,990
				41,968
Financials — 1.5%
Allianz		482		112,543
Deutsche Boerse		224		36,747
Muenchener Rueckversicherungs-Gesellschaft in Muenchen		160		64,012
				213,302
Industrials — 0.6%
Daimler Truck Holding		837		26,205
Deutsche Post		1,492		57,972
Hapag-Lloyd		10		1,439
				85,616
Information Technology — 1.5%
Infineon Technologies		1,574		45,711
SAP		1,249		167,322
				213,033
Materials — 0.3%
BASF		1,109		51,033
Real Estate — 0.1%
Vonovia ‡		902		20,689

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

231

Schedule of Investments	October 31, 2023
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Utilities — 0.4%
E.ON		2,694	$	31,950
RWE		798		30,475
				62,425
TOTAL GERMANY				921,527
HONG KONG — 2.1%
Financials — 1.4%
AIA Group		13,565		117,627
Hang Seng Bank		780		8,937
Hong Kong Exchanges & Clearing		1,394		48,993
Prudential		3,260		33,933
				209,490
Industrials — 0.2%
MTR		2,400		8,971
Techtronic Industries		1,932		17,605
				26,576
Real Estate — 0.3%
CK Asset Holdings ‡		2,000		9,994
Henderson Land Development		1,700		4,432
Link REIT ‡		3,000		13,764
Sun Hung Kai Properties ‡		1,590		16,328
				44,518
Utilities — 0.2%
CK Infrastructure Holdings		800		3,706
CLP Holdings		1,800		13,170
Hong Kong & China Gas		12,510		8,714
				25,590
TOTAL HONG KONG				306,174
ISRAEL — 0.7%
Communication Services — 0.0%
Bezeq The Israeli Telecommunication		2,319		2,851
Consumer Discretionary — 0.0%
Global-e Online *		102		3,581

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

232

Schedule of Investments	October 31, 2023
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — 0.0%
Strauss Group *		111	$	2,054
Energy — 0.0%
Delek Group		8		872
Financials — 0.3%
Bank Hapoalim		1,436		10,248
Bank Leumi Le-Israel		1,783		11,455
First International Bank of Israel		59		2,005
Israel Discount Bank, Cl A		1,437		6,305
Mizrahi Tefahot Bank		168		5,191
Phoenix Holdings		137		1,162
				36,366
Industrials — 0.0%
Ashtrom Group		82		882
Shapir Engineering and Industry		205		1,098
ZIM Integrated Shipping Services		104		805
				2,785
Information Technology — 0.3%
Check Point Software Technologies *		118		15,842
Nice *		74		11,425
Nova *		35		3,330
Tower Semiconductor *		133		3,077
Wix.com *		68		5,433
				39,107
Materials — 0.0%
Israel *		5		1,077
Real Estate — 0.1%
Airport City *		94		1,234
Alony Hetz Properties & Investments		221		1,075
Amot Investments		255		1,067
Azrieli Group		31		1,331
Big Shopping Centers *		14		979
Melisron		29		1,569

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

233

Schedule of Investments	October 31, 2023
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Mivne Real Estate KD		579	$	1,248
				8,503
TOTAL ISRAEL				97,196
ITALY — 2.3%
Consumer Discretionary — 0.4%
Ferrari		168		50,698
PRADA		600		3,604
				54,302
Consumer Staples — 0.1%
Davide Campari-Milano		1,114		12,281
Energy — 0.3%
Eni		2,939		47,928
Financials — 0.9%
Assicurazioni Generali		1,408		27,898
Intesa Sanpaolo		19,220		49,905
UniCredit		2,153		53,764
				131,567
Utilities — 0.6%
Enel		9,253		58,565
Snam		2,442		11,177
Terna - Rete Elettrica Nazionale		1,661		12,687
				82,429
TOTAL ITALY				328,507
JAPAN — 27.9%
Communication Services — 1.9%
Dentsu Group		290		8,330
KDDI		1,817		53,834
Konami Group		114		5,837
LY		3,075		7,762
Nexon		538		9,753
Nintendo		1,424		58,494
Nippon Telegraph & Telephone		34,285		40,025
SoftBank		3,222		36,274

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

234

Schedule of Investments	October 31, 2023
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
SoftBank Group		1,185	$	47,918
Toho		170		5,760
				273,987
Consumer Discretionary — 4.9%
Aisin		224		7,694
Bandai Namco Holdings		842		17,252
Bridgestone		782		29,262
Denso		2,548		37,006
Fast Retailing		239		52,110
Honda Motor		6,522		64,878
Isuzu Motors		815		8,936
Nissan Motor		2,997		11,229
Nitori Holdings		110		11,919
Oriental Land		1,536		49,261
Pan Pacific International Holdings		693		13,300
Panasonic Holdings		3,367		29,102
Rakuten Group		1,996		7,338
Sekisui House		951		18,455
Shimano		112		15,941
Subaru		792		13,385
Sumitomo Electric Industries		1,004		10,402
Suzuki Motor		634		24,214
Toyota Motor		16,626		284,336
Yamaha		222		5,833
ZOZO		180		3,395
				715,248
Consumer Staples — 2.2%
Aeon		1,997		41,761
Asahi Group Holdings		1,153		41,386
Kao		1,010		36,640
Kirin Holdings		1,792		25,079
Kobe Bussan		314		7,761
Nissin Foods Holdings		174		15,109
Seven & i Holdings		1,759		63,800
Shiseido		931		29,274
Suntory Beverage & Food		284		8,397
Unicharm		961		32,496

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

235

Schedule of Investments	October 31, 2023
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Yakult Honsha		670	$	15,736
				317,439
Energy — 0.3%
ENEOS Holdings		3,717		13,688
Idemitsu Kosan		260		5,870
Inpex		1,217		17,538
				37,096
Financials — 3.2%
Dai-ichi Life Holdings		1,162		24,369
Japan Exchange Group		629		12,313
Japan Post Bank		1,689		15,608
Mitsubishi UFJ Financial Group		15,178		125,978
Mizuho Financial Group		3,068		51,567
MS&AD Insurance Group Holdings		563		20,420
Nomura Holdings		3,515		13,459
ORIX		1,363		24,435
Resona Holdings		2,820		14,962
Sompo Holdings		409		17,573
Sumitomo Mitsui Financial Group		1,590		75,802
Sumitomo Mitsui Trust Holdings		450		16,669
Tokio Marine Holdings		2,430		53,640
				466,795
Health Care — 4.5%
Eisai		1,661		87,314
Hoya		1,907		180,507
Kyowa Kirin		1,323		20,599
M3		2,352		35,937
Otsuka Holdings		3,048		101,637
Shionogi		1,564		72,156
Sysmex		834		39,391
Terumo		4,084		110,348
				647,889
Industrials — 5.8%
ANA Holdings *		212		4,132
Central Japan Railway		1,613		36,170

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

236

Schedule of Investments	October 31, 2023
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Daifuku		608	$	9,902
Daikin Industries		460		65,699
East Japan Railway		607		31,551
FANUC		1,477		35,627
Hankyu Hanshin Holdings		443		13,827
ITOCHU		2,277		80,784
Japan Airlines		201		3,669
Komatsu		1,531		35,009
Kubota		1,697		22,568
Marubeni		2,686		38,629
MINEBEA MITSUMI		671		10,321
MISUMI Group		396		5,908
Mitsubishi Electric		3,419		37,871
Mitsui		2,412		86,274
Mitsui OSK Lines		590		15,127
MonotaRO		342		2,711
NIDEC CORP		837		29,961
Nippon Yusen		806		19,569
Recruit Holdings		2,668		76,334
Secom		389		26,842
SG Holdings		710		9,995
SMC		90		40,815
Sumitomo		1,928		37,409
Tokyu		884		9,923
Toshiba *		180		5,466
Toyota Industries		276		20,147
West Japan Railway		422		16,011
Yaskawa Electric		377		12,141
				840,392
Information Technology — 3.2%
Advantest		922		23,226
Canon		1,278		29,966
Disco		115		19,861
Fujitsu		225		28,845
Keyence		239		91,768
Kyocera		409		19,915
Lasertec		94		15,644
Murata Manufacturing		2,359		38,591

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

237

Schedule of Investments	October 31, 2023
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
NEC		336	$	15,985
Nomura Research Institute		534		13,907
NTT Data Group		798		9,714
Obic		76		11,163
Omron		237		8,368
Oracle Japan		54		3,804
Renesas Electronics *		1,684		21,744
Rohm		456		7,184
TDK		454		16,662
TIS		260		5,502
Tokyo Electron		563		73,440
Trend Micro		166		6,184
				461,473
Materials — 1.1%
Asahi Kasei		1,693		10,323
Mitsubishi Chemical Group		1,622		9,083
Nippon Paint Holdings		1,245		8,278
Nippon Sanso Holdings		277		6,897
Nippon Steel		1,134		24,201
Nitto Denko		178		11,381
Shin-Etsu Chemical		2,438		71,927
Sumitomo Metal Mining		338		9,409
Toray Industries		2,025		9,692
				161,191
Real Estate — 0.6%
Daiwa House Industry		792		21,583
Mitsubishi Estate ‡		1,465		18,515
Mitsui Fudosan ‡		1,124		24,099
Nippon Building Fund ‡		2		8,016
Sumitomo Realty & Development		570		14,129
				86,342
Utilities — 0.2%
Chubu Electric Power		907		10,915
Osaka Gas		505		9,477

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

238

Schedule of Investments	October 31, 2023
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Utilities — continued
Tokyo Gas		465	$	10,375
				30,767
TOTAL JAPAN				4,038,619
LUXEMBOURG — 0.1%
Materials — 0.1%
ArcelorMittal		561		12,381
NETHERLANDS — 6.7%
Communication Services — 0.1%
Universal Music Group		867		21,169
Consumer Staples — 0.8%
Heineken		579		51,861
Koninklijke Ahold Delhaize		2,220		65,704
				117,565
Energy — 1.8%
Shell		7,912		254,084
Financials — 0.6%
Adyen *		37		24,791
EXOR		136		11,636
ING Groep		4,232		53,804
				90,231
Health Care — 1.0%
Argenx *		318		149,274
Industrials — 0.4%
Wolters Kluwer		410		52,481
Information Technology — 2.0%
ASML Holding		493		294,580
TOTAL NETHERLANDS				979,384

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

239

Schedule of Investments	October 31, 2023
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		2,231	$	6,449
Health Care — 0.3%
Fisher & Paykel Healthcare		3,207		38,818
Industrials — 0.1%
Auckland International Airport		2,053		8,765
Infratil		1,302		7,437
Mainfreight		127		4,228
				20,430
Information Technology — 0.1%
Xero *		164		11,078
Utilities — 0.1%
Mercury NZ		746		2,560
Meridian Energy		1,446		4,063
				6,623
TOTAL NEW ZEALAND				83,398
NORWAY — 0.9%
Communication Services — 0.0%
Telenor		757		7,735
Consumer Staples — 0.2%
Mowi		982		15,936
Orkla		1,632		11,240
Salmar		143		6,769
				33,945
Energy — 0.4%
Aker BP		344		9,887
Equinor		1,204		40,355
Var Energi		369		1,243
				51,485
Financials — 0.2%
DNB Bank		1,078		19,424

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

240

Schedule of Investments	October 31, 2023
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Gjensidige Forsikring		226	$	3,385
				22,809
Materials — 0.1%
Norsk Hydro		1,658		9,451
TOTAL NORWAY				125,425
PORTUGAL — 0.1%
Utilities — 0.1%
EDP - Energias de Portugal		3,674		15,417
SINGAPORE — 1.7%
Communication Services — 0.2%
Sea ADR *		424		17,681
Singapore Telecommunications		8,090		14,053
				31,734
Financials — 0.9%
DBS Group Holdings		2,135		51,192
Oversea-Chinese Banking		4,794		44,369
United Overseas Bank		1,779		35,085
				130,646
Industrials — 0.2%
Grab Holdings, Cl A *		2,825		8,673
Jardine Cycle & Carriage		100		2,058
Keppel		1,900		8,612
Singapore Airlines		1,763		7,863
Singapore Technologies Engineering		2,128		5,840
				33,046
Information Technology — 0.2%
STMicroelectronics		791		30,074
Real Estate — 0.2%
CapitaLand Ascendas REIT ‡		3,913		7,426
CapitaLand Integrated Commercial Trust ‡		5,434		6,981
CapitaLand Investment ‡		2,729		5,856

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

241

Schedule of Investments	October 31, 2023
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Keppel ‡		380	$	220
				20,483
TOTAL SINGAPORE				245,983
SOUTH AFRICA — 0.3%
Materials — 0.3%
Anglo American		1,618		41,162
SPAIN — 2.6%
Communication Services — 0.3%
Cellnex Telecom ‡		697		20,422
Telefonica		6,795		26,187
				46,609
Consumer Discretionary — 0.6%
Amadeus IT Group		615		34,986
Industria de Diseno Textil		1,522		52,365
				87,351
Financials — 1.0%
Banco Bilbao Vizcaya Argentaria		7,155		56,132
Banco Santander		19,618		71,872
CaixaBank		4,722		19,141
				147,145
Utilities — 0.7%
EDP Renovaveis		348		5,587
Iberdrola		7,141		79,255
Naturgy Energy Group		206		5,814
				90,656
TOTAL SPAIN				371,761
SWEDEN — 3.3%
Communication Services — 0.1%
Embracer Group, Cl B *		1,069		1,732
Telia		2,952		6,238
				7,970

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

242

Schedule of Investments	October 31, 2023
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — 0.1%
H & M Hennes & Mauritz, Cl B		898	$	12,000
Volvo Car, Cl B *		624		2,140
				14,140
Consumer Staples — 0.2%
Essity, Cl B		1,355		30,841
Financials — 0.8%
EQT		359		6,519
Industrivarden, Cl A		224		5,778
Industrivarden, Cl C		218		5,604
Investor, Cl B		2,160		39,516
L E Lundbergforetagen, Cl B		62		2,523
Skandinaviska Enskilda Banken, Cl A		1,962		21,828
Skandinaviska Enskilda Banken, Cl C		4		46
Svenska Handelsbanken, Cl A		1,821		15,484
Svenska Handelsbanken, Cl B		54		556
Swedbank, Cl A		1,092		17,862
				115,716
Industrials — 1.8%
Alfa Laval		453		14,621
Assa Abloy, Cl B		1,594		33,884
Atlas Copco, Cl A		4,109		53,033
Atlas Copco, Cl B		2,519		28,194
Epiroc, Cl A		1,027		16,867
Epiroc, Cl B		551		7,629
Investment Latour, Cl B		174		3,002
Nibe Industrier, Cl B		2,163		12,425
Sandvik		1,736		29,460
Volvo, Cl A		252		5,039
Volvo, Cl B		2,530		50,022
				254,176
Information Technology — 0.2%
Hexagon, Cl B		2,533		20,563
Telefonaktiebolaget LM Ericsson, Cl B		3,593		16,083
				36,646

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

243

Schedule of Investments	October 31, 2023
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Materials — 0.1%
Boliden		346	$	8,849
Svenska Cellulosa, Cl B		739		10,117
				18,966
TOTAL SWEDEN				478,455
SWITZERLAND — 4.5%
Consumer Discretionary — 0.6%
Cie Financiere Richemont, Cl A		703		82,579
Financials — 1.2%
UBS Group		3,662		85,388
Zurich Insurance Group		176		83,276
				168,664
Health Care — 1.3%
Alcon		2,706		192,740
Industrials — 0.7%
ABB		2,555		85,461
Kuehne + Nagel International		88		23,643
				109,104
Materials — 0.7%
DSM-Firmenich		248		22,436
Givaudan		9		29,867
Sika		186		44,331
				96,634
TOTAL SWITZERLAND				649,721
UNITED KINGDOM — 7.6%
Communication Services — 0.2%
BT Group, Cl A		7,762		10,620
Vodafone Group		27,702		25,446
				36,066
Consumer Discretionary — 0.4%
Compass Group		2,419		60,849

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

244

Schedule of Investments	October 31, 2023
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — 2.0%
Associated British Foods		718	$	17,652
Coca-Cola Europacific Partners		477		27,909
Diageo		5,051		190,432
Tesco		16,046		52,513
				288,506
Energy — 0.9%
BP		20,494		124,988
Financials — 2.4%
Barclays		17,249		27,545
HSBC Holdings		23,756		170,740
Legal & General Group		7,061		18,113
Lloyds Banking Group		79,612		38,584
London Stock Exchange Group		501		50,337
NatWest Group		6,654		14,388
Standard Chartered		2,908		22,231
				341,938
Industrials — 1.2%
Ashtead Group		721		41,155
CK Hutchison Holdings		4,320		21,836
RELX		3,055		106,319
				169,310
Utilities — 0.5%
National Grid		4,633		55,016
SSE		1,246		24,690
				79,706
TOTAL UNITED KINGDOM				1,101,363
UNITED STATES — 6.5%
Communication Services — 0.2%
Spotify Technology *		163		26,856
Consumer Discretionary — 0.4%
Stellantis		3,002		55,847

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

245

Schedule of Investments	October 31, 2023
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — 0.3%
Haleon		10,527	$	42,090
Energy — 0.1%
Tenaris		557		8,799
Health Care — 3.4%
CSL		2,608		383,670
ICON *		447		109,050
Inmode *		335		6,399
				499,119
Industrials — 1.2%
Experian		1,469		44,403
Schneider Electric		847		129,798
				174,201
Information Technology — 0.1%
CyberArk Software *		50		8,182
Monday.com *		32		4,160
				12,342
Materials — 0.8%
CRH		894		47,960
Holcim		650		40,055
James Hardie Industries *		557		13,786
Newmont *		406		15,544
				117,345
TOTAL UNITED STATES				936,599
TOTAL COMMON STOCK (Cost $15,077,298)				14,355,712
PREFERRED STOCK — 0.5%
GERMANY— 0.5%
Consumer Discretionary — 0.3%
Bayerische Motoren Werke (A)		75		6,354
Dr Ing hc F Porsche (A)		130		11,342
Volkswagen (A)		245		25,852
				43,548

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

246

Schedule of Investments	October 31, 2023
Global X S&P Catholic Values Developed ex-US ETF

	Shares		Value
PREFERRED STOCK — continued
Consumer Staples — 0.2%
Henkel & KGaA (A)		372	$	26,770
TOTAL GERMANY				70,318
TOTAL PREFERRED STOCK (Cost $91,426)				70,318
TOTAL INVESTMENTS — 99.6% (Cost $15,168,724)			$	14,426,030

Percentages are based on Net Assets of $14,484,615.

*	Non-income producing security.
‡	Real Estate Investment Trust
(A)	There is currently no stated interest rate.

As of October 31, 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.

247

Schedule of Investments		October 31, 2023
	Global X Nasdaq 100® Covered Call & Growth ETF

Sector Weightings (Unaudited)†:

 

†  Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK(A) — 100.5%
BRAZIL — 0.5%
Consumer Discretionary — 0.5%
MercadoLibre *		456	$	565,778
CHINA — 1.1%
Consumer Discretionary — 0.7%
JD.com ADR		4,125		104,858
PDD Holdings ADR *		5,951		603,550
				708,408
Information Technology — 0.4%
NXP Semiconductors		2,346		404,521
TOTAL CHINA				1,112,929
NETHERLANDS — 0.5%
Information Technology — 0.5%
ASML Holding		783		468,868

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

248

Schedule of Investments		October 31, 2023
	Global X Nasdaq 100® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
UNITED KINGDOM — 0.3%
Health Care — 0.3%
AstraZeneca ADR		5,265	$	332,906
UNITED STATES — 98.1%
Communication Services — 16.1%
Alphabet, Cl A *		25,174		3,123,590
Alphabet, Cl C *		24,614		3,084,134
Charter Communications, Cl A *		1,362		548,614
Comcast, Cl A		37,452		1,546,393
Electronic Arts		2,465		305,142
Meta Platforms, Cl A *		13,219		3,982,488
Netflix *		4,033		1,660,346
Sirius XM Holdings		35,086		150,168
T-Mobile US *		10,705		1,540,021
Trade Desk, Cl A *		4,060		288,098
Warner Bros Discovery *		22,180		220,469
				16,449,463
Consumer Discretionary — 12.7%
Airbnb, Cl A *		3,897		460,976
Amazon.com *		43,779		5,826,547
Booking Holdings *		324		903,818
eBay		4,741		185,989
Lucid Group *		20,504		84,477
Lululemon Athletica *		1,093		430,074
Marriott International, Cl A		2,720		512,883
O’Reilly Automotive *		551		512,672
Ross Stores		3,100		359,507
Starbucks		10,423		961,418
Tesla *		13,467		2,704,712
				12,943,073
Consumer Staples — 6.6%
Costco Wholesale		4,036		2,229,648
Dollar Tree *		2,017		224,068
Keurig Dr Pepper		12,715		385,646
Kraft Heinz		11,177		351,628
Mondelez International, Cl A		12,379		819,614
Monster Beverage *		9,579		489,487

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

249

Schedule of Investments		October 31, 2023
	Global X Nasdaq 100® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
PepsiCo		12,527	$	2,045,408
Walgreens Boots Alliance		7,920		166,954
				6,712,453
Energy — 0.6%
Baker Hughes, Cl A		9,188		316,251
Diamondback Energy		1,651		264,688
				580,939
Financials — 0.5%
PayPal Holdings *		9,953		515,565
Health Care — 6.5%
Align Technology *		684		126,260
Amgen		4,852		1,240,656
Biogen *		1,309		310,940
Dexcom *		3,530		313,570
GE HealthCare Technologies		4,139		275,533
Gilead Sciences		11,338		890,487
IDEXX Laboratories *		755		301,600
Illumina *		1,409		154,173
Intuitive Surgical *		3,194		837,531
Moderna *		3,401		258,340
Regeneron Pharmaceuticals *		971		757,273
Seagen *		1,708		363,479
Vertex Pharmaceuticals *		2,349		850,596
				6,680,438
Industrials — 4.9%
Automatic Data Processing		3,749		818,107
Cintas		926		469,593
Copart *		8,689		378,145
CSX		18,135		541,330
Fastenal		5,199		303,310
Honeywell International		6,042		1,107,257
Old Dominion Freight Line		986		371,387
PACCAR		4,757		392,595
Paychex		3,281		364,355

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

250

Schedule of Investments		October 31, 2023
	Global X Nasdaq 100® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Verisk Analytics, Cl A		1,310	$	297,841
				5,043,920
Information Technology — 48.7%
Adobe *		4,148		2,206,985
Advanced Micro Devices *		14,702		1,448,147
Analog Devices		4,535		713,492
ANSYS *		790		219,825
Apple		66,337		11,328,369
Applied Materials		7,612		1,007,448
Atlassian, Cl A *		1,395		251,993
Autodesk *		1,945		384,390
Broadcom		3,755		3,159,344
Cadence Design Systems *		2,473		593,149
Cisco Systems		37,082		1,933,085
Cognizant Technology Solutions, Cl A		4,523		291,598
Crowdstrike Holdings, Cl A *		2,057		363,616
Datadog, Cl A *		2,721		221,680
Enphase Energy *		1,248		99,316
Fortinet *		7,146		408,537
GLOBALFOUNDRIES *		4,984		247,306
Intel		37,964		1,385,686
Intuit		2,539		1,256,678
KLA		1,244		584,307
Lam Research		1,200		705,864
Marvell Technology		7,917		373,841
Microchip Technology		4,953		353,099
Micron Technology		9,967		666,493
Microsoft		31,525		10,658,918
NVIDIA		10,480		4,273,744
ON Semiconductor *		3,927		245,987
Palo Alto Networks *		2,789		677,783
QUALCOMM		10,130		1,104,069
Synopsys *		1,388		651,583
Texas Instruments		8,234		1,169,310
Workday, Cl A *		1,884		398,862
Zoom Video Communications, Cl A *		2,281		136,814
Zscaler *		1,312		208,201
				49,729,519

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

251

Schedule of Investments		October 31, 2023
	Global X Nasdaq 100® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — 0.2%
CoStar Group *		3,716	$	272,792
Utilities — 1.3%
American Electric Power		4,688		354,132
Constellation Energy		2,882		325,435
Exelon		9,056		352,641
Xcel Energy		5,019		297,476
				1,329,684
TOTAL UNITED STATES				100,257,846
TOTAL COMMON STOCK (Cost $98,833,475)				102,738,327
TOTAL INVESTMENTS — 100.5% (Cost $98,833,475)			$	102,738,327
WRITTEN OPTIONS— (0.6)% (Premiums Received  $(1,430,104))			$	(652,400	)

Percentages are based on Net Assets of $102,178,687.

A list of the exchange traded option contracts held by the Fund at October 31, 2023, is as follows:

Description	Number of Contracts			Notional Amount			Exercise Price		Expiration Date	Value
WRITTEN OPTIONS — (0.6)%
Call Options
Nasdaq-100		(35	)	$	(50,434,230	)	$	14,600	11/17/23	$	(652,400	)

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $74,989,598.

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

252

Schedule of Investments		October 31, 2023
	Global X Nasdaq 100® Covered Call & Growth ETF

The following is a summary of the level of inputs used as of October 31, 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	$	102,738,327		$	—	$	—	$	102,738,327
Total Investments in Securities	$	102,738,327		$	—	$	—	$	102,738,327
Other Financial Instruments		Level 1			Level 2		Level 3		Total
Written Options	$	(652,400	)	$	—	$	—	$	(652,400	)
Total Other Financial Instruments	$	(652,400	)	$	—	$	—	$	(652,400	)

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.

253

Schedule of Investments		October 31, 2023
	Global X S&P 500® Covered Call & Growth ETF

Sector Weightings (Unaudited)†:

 

†  Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK(A) — 100. 4%
CHINA — 0.1%
Information Technology — 0.1%
NXP Semiconductors		451	$	77,766
UNITED STATES — 100.3%
Communication Services — 8.7%
Alphabet, Cl A *		10,348		1,283,980
Alphabet, Cl C *		8,802		1,102,891
AT&T		12,485		192,269
Charter Communications, Cl A *		183		73,712
Comcast, Cl A		7,178		296,380
Electronic Arts		405		50,135
Fox, Cl A		493		14,982
Fox, Cl B		238		6,643
Interpublic Group		708		20,107
Live Nation Entertainment *		235		18,805
Match Group *		490		16,954
Meta Platforms, Cl A *		3,876		1,167,723
Netflix *		764		314,531
News, Cl A		708		14,641
News, Cl B		236		5,060
Omnicom Group		328		24,570

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

254

Schedule of Investments		October 31, 2023
	Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Paramount Global, Cl B		893	$	9,716
Take-Two Interactive Software *		290		38,787
T-Mobile US *		879		126,453
Verizon Communications		7,195		252,760
Walt Disney *		3,208		261,741
Warner Bros Discovery *		4,051		40,267
				5,333,107
Consumer Discretionary — 10.6%
Airbnb, Cl A *		716		84,696
Amazon.com *		15,836		2,107,613
Aptiv *		473		41,246
AutoZone *		32		79,268
Bath & Body Works		470		13,935
Best Buy		350		23,387
Booking Holdings *		62		172,953
BorgWarner		467		17,232
Caesars Entertainment *		402		16,036
CarMax *		300		18,327
Carnival *		1,688		19,344
Chipotle Mexican Grill, Cl A *		48		93,226
Darden Restaurants		206		29,979
Domino’s Pizza		57		19,322
DR Horton		529		55,228
eBay		970		38,053
Etsy *		233		14,516
Expedia Group *		211		20,106
Ford Motor		6,832		66,612
Garmin		274		28,093
General Motors		2,445		68,949
Genuine Parts		257		33,117
Hasbro		237		10,701
Hilton Worldwide Holdings		466		70,613
Home Depot		1,753		499,062
Las Vegas Sands		600		28,476
Lennar, Cl A		414		44,166
LKQ		474		20,818
Lowe’s		1,022		194,763
Lululemon Athletica *		216		84,992

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

255

Schedule of Investments		October 31, 2023
	Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Marriott International, Cl A		422	$	79,572
McDonald’s		1,265		331,645
MGM Resorts International		415		14,492
Mohawk Industries *		69		5,546
NIKE, Cl B		2,137		219,619
Norwegian Cruise Line Holdings *		698		9,493
NVR *		6		32,476
O’Reilly Automotive *		105		97,696
Pool		63		19,894
PulteGroup		377		27,743
Ralph Lauren, Cl A		48		5,401
Ross Stores		597		69,234
Royal Caribbean Cruises *		410		34,739
Starbucks		1,998		184,296
Tapestry		474		13,063
Tesla *		4,816		967,245
TJX		2,019		177,813
Tractor Supply		194		37,357
Ulta Beauty *		87		33,174
VF		578		8,514
Whirlpool		73		7,633
Wynn Resorts		195		17,117
Yum! Brands		503		60,793
				6,469,384
Consumer Staples — 6.7%
Altria Group		3,105		124,728
Archer-Daniels-Midland		944		67,562
Brown-Forman, Cl B		302		16,960
Bunge		268		28,403
Campbell Soup		388		15,679
Church & Dwight		418		38,013
Clorox		233		27,424
Coca-Cola		6,788		383,454
Colgate-Palmolive		1,430		107,422
Conagra Brands		806		22,052
Constellation Brands, Cl A		282		66,030
Costco Wholesale		773		427,036
Dollar General		399		47,497

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

256

Schedule of Investments		October 31, 2023
	Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Dollar Tree *		369	$	40,992
Estee Lauder, Cl A		406		52,321
General Mills		998		65,110
Hershey		262		49,086
Hormel Foods		474		15,429
J M Smucker		200		22,768
Kellanova		472		23,822
Kenvue		3,019		56,153
Keurig Dr Pepper		1,650		50,044
Kimberly-Clark		592		70,827
Kraft Heinz		1,424		44,799
Kroger		1,121		50,860
Lamb Weston Holdings		238		21,372
McCormick		469		29,969
Molson Coors Beverage, Cl B		325		18,775
Mondelez International, Cl A		2,376		157,315
Monster Beverage *		1,326		67,759
PepsiCo		2,394		390,892
Philip Morris International		2,717		242,248
Procter & Gamble		4,111		616,773
Sysco		884		58,777
Target		811		89,851
Tyson Foods, Cl A		527		24,426
Walgreens Boots Alliance		1,307		27,552
Walmart		2,470		403,623
				4,063,803
Energy — 4.5%
APA		524		20,813
Baker Hughes, Cl A		1,807		62,197
Chevron		3,094		450,889
ConocoPhillips		2,053		243,896
Coterra Energy		1,415		38,912
Devon Energy		1,105		51,460
Diamondback Energy		324		51,944
EOG Resources		1,011		127,639
EQT		698		29,581
Exxon Mobil		6,982		739,045
Halliburton		1,493		58,735

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

257

Schedule of Investments		October 31, 2023
	Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Hess		475	$	68,590
Kinder Morgan		3,407		55,193
Marathon Oil		934		25,508
Marathon Petroleum		674		101,943
Occidental Petroleum		1,107		68,424
ONEOK		1,003		65,396
Phillips 66		743		84,754
Pioneer Natural Resources		409		97,751
Schlumberger		2,496		138,927
Targa Resources		358		29,932
Valero Energy		629		79,883
Williams		2,111		72,618
				2,764,030
Financials — 12.8%
Aflac		946		73,892
Allstate		480		61,502
American Express		986		143,986
American International Group		1,242		76,147
Ameriprise Financial		187		58,825
Aon, Cl A		363		112,312
Arch Capital Group *		649		56,255
Arthur J Gallagher		383		90,193
Assurant		65		9,679
Bank of America		12,058		317,608
Bank of New York Mellon		1,358		57,715
Berkshire Hathaway, Cl B *		3,181		1,085,771
BlackRock, Cl A		238		145,723
Blackstone		1,200		110,820
Brown & Brown		452		31,378
Capital One Financial		666		67,459
Cboe Global Markets		196		32,122
Charles Schwab		2,589		134,732
Chubb		717		153,883
Cincinnati Financial		268		26,712
Citigroup		3,392		133,950
Citizens Financial Group		907		21,251
CME Group, Cl A		631		134,693
Comerica		236		9,298

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

258

Schedule of Investments		October 31, 2023
	Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Discover Financial Services		437	$	35,869
Everest Group		76		30,067
FactSet Research Systems		67		28,937
Fidelity National Information Services		1,010		49,601
Fifth Third Bancorp		1,211		28,713
Fiserv *		1,082		123,078
FleetCor Technologies *		139		31,299
Franklin Resources		472		10,757
Global Payments		454		48,224
Globe Life		148		17,221
Goldman Sachs Group		562		170,629
Hartford Financial Services Group		521		38,267
Huntington Bancshares		2,682		25,881
Intercontinental Exchange		970		104,217
Invesco		766		9,935
Jack Henry & Associates		125		17,624
JPMorgan Chase		5,069		704,895
KeyCorp		1,786		18,253
Loews		307		19,651
M&T Bank		297		33,487
MarketAxess Holdings		61		13,039
Marsh & McLennan		868		164,616
Mastercard, Cl A		1,451		546,084
MetLife		1,110		66,611
Moody’s		278		85,624
Morgan Stanley		2,171		153,750
MSCI, Cl A		137		64,602
Nasdaq		635		31,496
Northern Trust		400		26,364
PayPal Holdings *		1,938		100,388
PNC Financial Services Group		692		79,213
Principal Financial Group		353		23,891
Progressive		1,013		160,145
Prudential Financial		639		58,430
Raymond James Financial		314		29,968
Regions Financial		1,659		24,105
S&P Global		561		195,963
State Street		507		32,767
Synchrony Financial		708		19,859

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

259

Schedule of Investments		October 31, 2023
	Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
T Rowe Price Group		396	$	35,838
Travelers		410		68,650
Truist Financial		2,388		67,724
US Bancorp		2,716		86,586
Visa, Cl A		2,802		658,750
W R Berkley		357		24,069
Wells Fargo		6,381		253,772
Willis Towers Watson		185		43,640
Zions Bancorp		241		7,435
				7,815,890
Health Care — 13.2%
Abbott Laboratories		3,027		286,203
AbbVie		3,073		433,846
Agilent Technologies		507		52,409
Align Technology *		121		22,335
Amgen		935		239,079
Baxter International		935		30,322
Becton Dickinson		493		124,621
Biogen *		253		60,098
Bio-Rad Laboratories, Cl A *		34		9,360
Bio-Techne		250		13,657
Boston Scientific *		2,513		128,640
Bristol-Myers Squibb		3,644		187,775
Cardinal Health		468		42,588
Catalent *		301		10,351
Cencora		275		50,916
Centene *		943		65,048
Charles River Laboratories International *		81		13,637
Cigna Group		512		158,310
Cooper		76		23,693
CVS Health		2,195		151,477
Danaher		1,129		216,791
DaVita *		68		5,252
DENTSPLY SIRONA		345		10,491
Dexcom *		682		60,582
Edwards Lifesciences *		1,058		67,416
Elevance Health		418		188,138
Eli Lilly		1,384		766,639

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

260

Schedule of Investments		October 31, 2023
	Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
GE HealthCare Technologies		676	$	45,001
Gilead Sciences		2,173		170,667
HCA Healthcare		352		79,601
Henry Schein *		238		15,465
Hologic *		425		28,122
Humana		222		116,259
IDEXX Laboratories *		155		61,918
Illumina *		277		30,309
Incyte *		325		17,527
Insulet *		139		18,427
Intuitive Surgical *		604		158,381
IQVIA Holdings *		318		57,504
Johnson & Johnson		4,200		623,028
Laboratory Corp of America Holdings		156		31,158
McKesson		227		103,367
Medtronic		2,328		164,264
Merck		4,426		454,550
Mettler-Toledo International *		38		37,438
Moderna *		554		42,082
Molina Healthcare *		94		31,297
Pfizer		9,847		300,924
Quest Diagnostics		215		27,972
Regeneron Pharmaceuticals *		184		143,500
ResMed		263		37,141
Revvity		234		19,387
STERIS PLC		172		36,117
Stryker		598		161,592
Teleflex		75		13,856
Thermo Fisher Scientific		665		295,772
UnitedHealth Group		1,616		865,465
Universal Health Services, Cl B		91		11,456
Vertex Pharmaceuticals *		451		163,312
Viatris		2,318		20,630
Waters *		96		22,899
West Pharmaceutical Services		127		40,423
Zimmer Biomet Holdings		365		38,110
Zoetis, Cl A		789		123,873
				8,028,468

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

261

Schedule of Investments		October 31, 2023
	Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Industrials — 8.4%
3M		956	$	86,948
A O Smith		236		16,463
Alaska Air Group *		236		7,465
Allegion		143		14,065
American Airlines Group *		1,169		13,034
AMETEK		401		56,449
Automatic Data Processing		718		156,682
Axon Enterprise *		130		26,584
Boeing *		978		182,710
Broadridge Financial Solutions		206		35,152
Carrier Global		1,435		68,392
Caterpillar		876		198,020
Ceridian HCM Holding *		271		17,347
CH Robinson Worldwide		236		19,312
Cintas		155		78,604
Copart *		1,552		67,543
CSX		3,534		105,490
Cummins		245		52,993
Deere		471		172,085
Delta Air Lines		1,170		36,562
Dover		259		33,657
Eaton		696		144,705
Emerson Electric		1,001		89,059
Equifax		211		35,779
Expeditors International of Washington		274		29,934
Fastenal		976		56,940
FedEx		414		99,401
Fortive		610		39,821
Generac Holdings *		84		7,062
General Dynamics		402		97,007
General Electric		1,899		206,288
Honeywell International		1,165		213,498
Howmet Aerospace		708		31,223
Hubbell, Cl B		100		27,010
Huntington Ingalls Industries		63		13,849
IDEX		134		25,649
Illinois Tool Works		480		107,578
Ingersoll Rand		706		42,840
Jacobs Solutions		236		31,459

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

262

Schedule of Investments		October 31, 2023
	Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
JB Hunt Transport Services		156	$	26,812
Johnson Controls International		1,187		58,187
L3Harris Technologies		314		56,335
Leidos Holdings		236		23,392
Lockheed Martin		399		181,401
Masco		416		21,669
Nordson		86		18,283
Norfolk Southern		406		77,461
Northrop Grumman		247		116,443
Old Dominion Freight Line		153		57,629
Otis Worldwide		736		56,827
PACCAR		910		75,102
Parker-Hannifin		224		82,636
Paychex		545		60,522
Paycom Software		78		19,108
Pentair		286		16,622
Quanta Services		259		43,284
Republic Services, Cl A		379		56,278
Robert Half		184		13,758
Rockwell Automation		200		52,562
Rollins		469		17,639
RTX		2,560		208,358
Snap-On		85		21,925
Southwest Airlines		1,077		23,942
Stanley Black & Decker		262		22,283
Textron		298		22,648
Trane Technologies		399		75,934
TransDigm Group *		91		75,356
Union Pacific		1,074		222,973
United Airlines Holdings *		543		19,010
United Parcel Service, Cl B		1,261		178,116
United Rentals		119		48,346
Veralto *		375		25,875
Verisk Analytics, Cl A		247		56,158
Waste Management		647		106,322
Westinghouse Air Brake Technologies		310		32,866
WW Grainger		78		56,927
Xylem		412		38,538
				5,112,186

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

263

Schedule of Investments		October 31, 2023
	Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — 28.1%
Accenture, Cl A		1,088	$	323,234
Adobe *		795		422,988
Advanced Micro Devices *		2,824		278,164
Akamai Technologies *		281		29,036
Amphenol, Cl A		1,023		82,403
Analog Devices		889		139,866
ANSYS *		157		43,687
Apple		25,632		4,377,177
Applied Materials		1,463		193,628
Arista Networks *		433		86,760
Autodesk *		385		76,088
Broadcom		720		605,786
Cadence Design Systems *		474		113,689
CDW		236		47,294
Cisco Systems		7,107		370,488
Cognizant Technology Solutions, Cl A		838		54,026
Corning		1,408		37,678
Enphase Energy *		249		19,816
EPAM Systems *		93		20,234
F5 *		96		14,553
Fair Isaac *		43		36,372
First Solar *		181		25,784
Fortinet *		1,176		67,232
Gartner *		134		44,493
Gen Digital		820		13,661
Hewlett Packard Enterprise		2,206		33,928
HP		1,489		39,205
Intel		7,287		265,976
International Business Machines		1,593		230,412
Intuit		489		242,031
Juniper Networks		579		15,587
Keysight Technologies *		308		37,591
KLA		236		110,849
Lam Research		233		137,055
Microchip Technology		979		69,793
Micron Technology		1,880		125,716
Microsoft		12,958		4,381,229
Monolithic Power Systems		83		36,664
Motorola Solutions		283		78,804

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

264

Schedule of Investments	October 31, 2023
Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
NetApp		360	$	26,201
NVIDIA		4,308		1,756,802
ON Semiconductor *		722		45,226
Oracle		2,746		283,936
Palo Alto Networks *		523		127,100
PTC *		200		28,084
Qorvo *		196		17,134
QUALCOMM		1,953		212,858
Roper Technologies		190		92,828
Salesforce *		1,699		341,210
Seagate Technology Holdings		373		25,457
ServiceNow *		355		206,557
Skyworks Solutions		283		24,547
SolarEdge Technologies *		94		7,139
Synopsys *		260		122,054
TE Connectivity		547		64,464
Teledyne Technologies *		76		28,469
Teradyne		281		23,399
Texas Instruments		1,594		226,364
Trimble *		470		22,151
Tyler Technologies *		67		24,984
VeriSign *		161		32,145
Western Digital *		618		24,813
Zebra Technologies, Cl A *		83		17,383
				17,110,282
Materials — 2.4%
Air Products & Chemicals		392		110,717
Albemarle		216		27,384
Amcor		2,452		21,798
Avery Dennison		141		24,544
Ball		565		27,205
Celanese, Cl A		163		18,665
CF Industries Holdings		322		25,689
Corteva		1,221		58,779
Dow		1,214		58,685
DuPont de Nemours		788		57,429
Eastman Chemical		236		17,636
Ecolab		434		72,799

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

265

Schedule of Investments	October 31, 2023
Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
FMC		236	$	12,555
Freeport-McMoRan		2,417		81,646
International Flavors & Fragrances		470		32,125
International Paper		521		17,573
Linde		843		322,161
LyondellBasell Industries, Cl A		472		42,593
Martin Marietta Materials		108		44,166
Mosaic		640		20,787
Newmont		1,368		51,259
Nucor		435		64,289
Packaging Corp of America		157		24,029
PPG Industries		414		50,827
Sealed Air		238		7,328
Sherwin-Williams		416		99,095
Steel Dynamics		285		30,355
Vulcan Materials		236		46,372
Westrock		473		16,995
				1,485,485
Real Estate — 2.4%
Alexandria Real Estate Equities ‡		263		24,493
American Tower ‡		795		141,661
AvalonBay Communities ‡		257		42,595
Boston Properties ‡		237		12,696
Camden Property Trust ‡		179		15,194
CBRE Group, Cl A *		539		37,374
CoStar Group *		709		52,048
Crown Castle ‡		747		69,456
Digital Realty Trust ‡		522		64,916
Equinix ‡		163		118,931
Equity Residential ‡		586		32,423
Essex Property Trust ‡		103		22,034
Extra Space Storage ‡		376		38,950
Federal Realty Investment Trust ‡		122		11,125
Healthpeak Properties ‡		957		14,881
Host Hotels & Resorts ‡		1,393		21,564
Invitation Homes ‡		1,055		31,323
Iron Mountain ‡		520		30,716
Kimco Realty ‡		1,116		20,021

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

266

Schedule of Investments	October 31, 2023
Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Mid-America Apartment Communities ‡		214	$	25,284
ProLogis ‡		1,616		162,812
Public Storage ‡		269		64,213
Realty Income ‡		1,159		54,914
Regency Centers ‡		238		14,342
SBA Communications, Cl A ‡		198		41,309
Simon Property Group ‡		556		61,099
UDR ‡		547		17,400
Ventas ‡		706		29,977
VICI Properties, Cl A ‡		1,670		46,593
Welltower ‡		871		72,824
Weyerhaeuser ‡		1,252		35,920
				1,429,088
Utilities — 2.5%
AES		1,273		18,968
Alliant Energy		471		22,980
Ameren		470		35,584
American Electric Power		897		67,759
American Water Works		322		37,883
Atmos Energy		257		27,669
CenterPoint Energy		1,170		31,450
CMS Energy		523		28,420
Consolidated Edison		602		52,850
Constellation Energy		549		61,993
Dominion Energy		1,441		58,101
DTE Energy		358		34,504
Duke Energy		1,346		119,646
Edison International		699		44,079
Entergy		395		37,758
Evergy		383		18,821
Eversource Energy		639		34,372
Exelon		1,736		67,600
FirstEnergy		959		34,140
NextEra Energy		3,464		201,951
NiSource		709		17,838
NRG Energy		470		19,919
PG&E *		3,448		56,202
Pinnacle West Capital		234		17,358

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

267

Schedule of Investments	October 31, 2023
Global X S&P 500® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Utilities — continued
PPL		1,267	$	31,130
Public Service Enterprise Group		860		53,019
Sempra		1,055		73,882
Southern		1,898		127,735
WEC Energy Group		565		45,985
Xcel Energy		996		59,033
				1,538,629
TOTAL UNITED STATES				61,150,352
TOTAL COMMON STOCK (Cost $64,851,213)				61,228,118
TOTAL INVESTMENTS — 100.4% (Cost $64,851,213)			$	61,228,118
WRITTEN OPTIONS— (0.5)% (Premiums Received  $(682,499))			$	(293,095	)

Percentages are based on Net Assets of $61,006,334.

A list of the exchange traded option contracts held by the Fund at October 31, 2023, is as follows:

Description	Number of Contracts			Notional Amount			Exercise Price		Expiration Date	Value
WRITTEN OPTIONS — (0.5)%
Call Options
S&P 500 Index		(73	)	$	(30,614,740	)	$	4,240	11/17/23	$	(293,095	)

*	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 Fair Value of the securities pledged as collateral is $37,152,615.

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

268

Schedule of Investments	October 31, 2023
Global X S&P 500® Covered Call & Growth ETF

The following is a summary of the level of inputs used as of October 31, 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	$	61,228,118		$	—	$	—	$	61,228,118
Total Investments in Securities	$	61,228,118		$	—	$	—	$	61,228,118
Other Financial Instruments		Level 1			Level 2		Level 3		Total
Written Options	$	(293,095	)	$	—	$	—	$	(293,095	)
Total Other Financial Instruments	$	(293,095	)	$	—	$	—	$	(293,095	)

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.

269

Schedule of Investments	October 31, 2023
Global X Emerging Markets Internet & E-commerce ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK — 99.9%
BRAZIL — 14.9%
Consumer Discretionary — 4.3%
Magazine Luiza *		26,949	$	7,107
MercadoLibre *		78		96,778
				103,885
Financials — 9.8%
NU Holdings, Cl A *		15,651		128,338
Pagseguro Digital, Cl A *		1,866		13,174
StoneCo, Cl A *		2,109		20,911
XP, Cl A		3,577		71,540
				233,963
Information Technology — 0.8%
TOTVS		3,797		19,057
TOTAL BRAZIL				356,905
CHILE — 1.0%
Consumer Discretionary — 1.0%
Falabella *		12,108		24,576
CHINA — 63.2%
Communication Services — 32.3%
Autohome ADR		1,033		27,633
Baidu ADR *		751		78,855
Bilibili ADR *		3,329		44,708
China Literature *		3,540		11,921

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

270

Schedule of Investments	October 31, 2023
Global X Emerging Markets Internet & E-commerce ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Hello Group ADR		1,350	$	9,558
iQIYI ADR *		7,204		33,571
Kingsoft		8,050		28,086
NetEase ADR		2,073		221,645
Tencent Holdings		5,183		191,566
Tencent Music Entertainment Group ADR *		14,280		103,673
Weibo ADR		1,769		20,927
				772,143
Consumer Discretionary — 28.0%
Alibaba Group Holding ADR *		2,309		190,585
JD.com ADR		3,227		82,030
Meituan, Cl B *		13,086		184,970
Tongcheng Travel Holdings *		9,850		18,807
TravelSky Technology, Cl H		23,850		37,613
Trip.com Group ADR *		2,727		92,718
Vipshop Holdings ADR *		4,431		63,186
				669,909
Consumer Staples — 1.4%
Alibaba Health Information Technology *		40,800		24,038
Ping An Healthcare and Technology *		4,630		10,829
				34,867
Information Technology — 1.5%
Kingdee International Software Group *		21,050		27,925
Weimob *		18,000		7,223
				35,148
TOTAL CHINA				1,512,067
INDIA — 0.8%
Consumer Discretionary — 0.8%
MakeMyTrip *		491		19,016
INDONESIA — 1.1%
Consumer Discretionary — 1.1%
GoTo Gojek Tokopedia, Cl A *		6,885,200		26,006

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

271

Schedule of Investments	October 31, 2023
Global X Emerging Markets Internet & E-commerce ETF

	Shares		Value
COMMON STOCK — continued
POLAND — 1.2%
Consumer Discretionary — 1.2%
Allegro.eu *		3,878	$	27,746
SOUTH AFRICA — 8.2%
Consumer Discretionary — 8.2%
Naspers, Cl N		1,263		196,005
SOUTH KOREA — 8.7%
Communication Services — 8.7%
Kakao		2,326		65,101
Krafton *		257		31,170
NAVER		660		91,580
NCSoft		115		19,798
TOTAL SOUTH KOREA				207,649
URUGUAY — 0.8%
Financials — 0.8%
Dlocal, Cl A *		1,202		20,254
TOTAL COMMON STOCK (Cost $4,041,201)				2,390,224
TOTAL INVESTMENTS — 99.9% (Cost $4,041,201)			$	2,390,224

Percentages are based on Net Assets of $2,393,420.

* Non-income producing security.

As of October 31, 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.

272

Schedule of Investments	October 31, 2023
Global X NASDAQ 100® Tail Risk ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK — 98.8%
BRAZIL — 0.6%
Consumer Discretionary — 0.6%
MercadoLibre *		6	$	7,444
CHINA — 1.1%
Consumer Discretionary — 0.7%
JD.com ADR		55		1,398
PDD Holdings ADR *		77		7,810
				9,208
Information Technology — 0.4%
NXP Semiconductors		31		5,345
TOTAL CHINA				14,553
NETHERLANDS — 0.4%
Information Technology — 0.4%
ASML Holding		10		5,988

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

273

Schedule of Investments	October 31, 2023
Global X NASDAQ 100® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
UNITED KINGDOM — 0.3%
Health Care — 0.3%
AstraZeneca ADR		69	$	4,363
UNITED STATES — 96.4%
Communication Services — 15.8%
Alphabet, Cl A *		330		40,946
Alphabet, Cl C *		322		40,347
Charter Communications, Cl A *		18		7,250
Comcast, Cl A		490		20,232
Electronic Arts		32		3,961
Meta Platforms, Cl A *		173		52,120
Netflix *		53		21,820
Sirius XM Holdings		465		1,990
T-Mobile US *		140		20,140
Trade Desk, Cl A *		53		3,761
Warner Bros Discovery *		293		2,913
				215,480
Consumer Discretionary — 12.4%
Airbnb, Cl A *		51		6,033
Amazon.com *		574		76,394
Booking Holdings *		4		11,158
eBay		64		2,511
Lucid Group *		273		1,125
Lululemon Athletica *		15		5,902
Marriott International, Cl A		35		6,599
O’Reilly Automotive *		7		6,513
Ross Stores		41		4,755
Starbucks		136		12,544
Tesla *		177		35,549
				169,083
Consumer Staples — 6.5%
Costco Wholesale		53		29,279
Dollar Tree *		26		2,888
Keurig Dr Pepper		166		5,035
Kraft Heinz		147		4,625
Mondelez International, Cl A		162		10,726
Monster Beverage *		126		6,439

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

274

Schedule of Investments	October 31, 2023
Global X NASDAQ 100® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
PepsiCo		164	$	26,778
Walgreens Boots Alliance		104		2,192
				87,962
Energy — 0.5%
Baker Hughes, Cl A		122		4,199
Diamondback Energy		21		3,367
				7,566
Financials — 0.5%
PayPal Holdings *		131		6,786
Health Care — 6.5%
Align Technology *		9		1,661
Amgen		64		16,365
Biogen *		17		4,038
Dexcom *		46		4,086
GE HealthCare Technologies		55		3,661
Gilead Sciences		148		11,624
IDEXX Laboratories *		10		3,995
Illumina *		19		2,079
Intuitive Surgical *		42		11,013
Moderna *		46		3,494
Regeneron Pharmaceuticals *		13		10,139
Seagen *		23		4,895
Vertex Pharmaceuticals *		31		11,225
				88,275
Industrials — 4.8%
Automatic Data Processing		49		10,693
Cintas		12		6,085
Copart *		114		4,961
CSX		239		7,134
Fastenal		69		4,026
Honeywell International		79		14,478
Old Dominion Freight Line		13		4,897
PACCAR		63		5,199
Paychex		43		4,775

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

275

Schedule of Investments	October 31, 2023
Global X NASDAQ 100® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Verisk Analytics, Cl A		17	$	3,865
				66,113
Information Technology — 47.8%
Adobe *		54		28,731
Advanced Micro Devices *		193		19,010
Analog Devices		59		9,282
ANSYS *		10		2,783
Apple .		869		148,399
Applied Materials		100		13,235
Atlassian, Cl A *		18		3,252
Autodesk *		25		4,941
Broadcom		49		41,227
Cadence Design Systems *		33		7,915
Cisco Systems		486		25,335
Cognizant Technology Solutions, Cl A		61		3,933
Crowdstrike Holdings, Cl A *		27		4,773
Datadog, Cl A *		36		2,933
Enphase Energy *		16		1,273
Fortinet *		94		5,374
GLOBALFOUNDRIES *		66		3,275
Intel		501		18,286
Intuit		33		16,333
KLA		16		7,515
Lam Research		16		9,412
Marvell Technology		103		4,864
Microchip Technology		65		4,634
Micron Technology		131		8,760
Microsoft		413		139,639
NVIDIA		137		55,869
ON Semiconductor *		52		3,257
Palo Alto Networks *		37		8,992
QUALCOMM		133		14,496
Synopsys *		18		8,450
Texas Instruments		108		15,337
Workday, Cl A *		25		5,293
Zoom Video Communications, Cl A *		30		1,799
Zscaler *		17		2,698
				651,305

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

276

Schedule of Investments	October 31, 2023
Global X NASDAQ 100® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — 0.3%
CoStar Group *		49	$	3,597
Utilities — 1.3%
American Electric Power		62		4,683
Constellation Energy		38		4,291
Exelon		119		4,634
Xcel Energy		66		3,912
				17,520
TOTAL UNITED STATES				1,313,687
TOTAL COMMON STOCK (Cost $1,486,402)				1,346,035
PURCHASED OPTIONS — 1.1% (Cost $11,822)				14,940
TOTAL INVESTMENTS — 99.9% (Cost $1,498,224)			$	1,360,975

Percentages are based on Net Assets of $1,362,369.

A list of the exchange traded option contracts held by the Fund at October 31, 2023, is as follows:

Description	Number of Contracts	Notional Amount		Exercise Price		Expiration Date	Value
PURCHASED OPTIONS — 1.1%
Put Options
Nasdaq-100® Reduced-Value Index	4	$	1,152,784	$	2,740	12/15/23	$	14,940

* Non-income producing security.

As of October 31, 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.

277

Schedule of Investments	October 31, 2023
Global X NASDAQ 100® Risk Managed Income ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK(A) — 100.6%
BRAZIL — 0.6%
Consumer Discretionary — 0.6%
MercadoLibre *		53	$	65,759
CHINA — 1.1%
Consumer Discretionary — 0.7%
JD.com ADR		484		12,304
PDD Holdings ADR *		686		69,574
				81,878
Information Technology — 0.4%
NXP Semiconductors		266		45,866
TOTAL CHINA				127,744
NETHERLANDS — 0.5%
Information Technology — 0.5%
ASML Holding		91		54,492

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

278

Schedule of Investments	October 31, 2023
Global X NASDAQ 100® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
UNITED KINGDOM — 0.3%
Health Care — 0.3%
AstraZeneca ADR		608	$	38,444
UNITED STATES — 98.1%
Communication Services — 16.1%
Alphabet, Cl A *		2,910		361,073
Alphabet, Cl C *		2,845		356,478
Charter Communications, Cl A *		157		63,240
Comcast, Cl A		4,340		179,199
Electronic Arts		283		35,033
Meta Platforms, Cl A *		1,528		460,341
Netflix *		467		192,259
Sirius XM Holdings		4,107		17,578
T-Mobile US *		1,240		178,386
Trade Desk, Cl A *		466		33,067
Warner Bros Discovery *		2,596		25,804
				1,902,458
Consumer Discretionary — 12.6%
Airbnb, Cl A *		449		53,112
Amazon.com *		5,061		673,568
Booking Holdings *		37		103,214
eBay		569		22,322
Lucid Group *		2,403		9,900
Lululemon Athletica *		126		49,578
Marriott International, Cl A		314		59,208
O’Reilly Automotive *		63		58,618
Ross Stores		348		40,358
Starbucks		1,207		111,334
Tesla *		1,556		312,507
				1,493,719
Consumer Staples — 6.5%
Costco Wholesale		466		257,437
Dollar Tree *		229		25,440
Keurig Dr Pepper		1,436		43,554
Kraft Heinz		1,311		41,244
Mondelez International, Cl A		1,433		94,879
Monster Beverage *		1,075		54,932

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

279

Schedule of Investments	October 31, 2023
Global X NASDAQ 100® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
PepsiCo		1,452	$	237,082
Walgreens Boots Alliance		920		19,394
				773,962
Energy — 0.6%
Baker Hughes, Cl A		1,077		37,070
Diamondback Energy		186		29,820
				66,890
Financials — 0.5%
PayPal Holdings *		1,131		58,586
Health Care — 6.6%
Align Technology *		80		14,767
Amgen		564		144,215
Biogen *		147		34,918
Dexcom *		405		35,976
GE HealthCare Technologies		487		32,420
Gilead Sciences		1,313		103,123
IDEXX Laboratories *		87		34,754
Illumina *		170		18,601
Intuitive Surgical *		370		97,021
Moderna *		397		30,156
Regeneron Pharmaceuticals *		113		88,128
Seagen *		196		41,711
Vertex Pharmaceuticals *		272		98,494
				774,284
Industrials — 4.9%
Automatic Data Processing		434		94,708
Cintas		107		54,262
Copart *		1,016		44,216
CSX		2,111		63,013
Fastenal		608		35,471
Honeywell International		700		128,282
Old Dominion Freight Line		115		43,316
PACCAR		547		45,144
Paychex		367		40,755

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

280

Schedule of Investments	October 31, 2023
Global X NASDAQ 100® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Verisk Analytics, Cl A		151	$	34,331
				583,498
Information Technology — 48.7%
Adobe *		479		254,857
Advanced Micro Devices *		1,704		167,844
Analog Devices		525		82,598
ANSYS *		93		25,878
Apple .		7,671		1,309,977
Applied Materials		882		116,733
Atlassian, Cl A *		164		29,625
Autodesk *		218		43,083
Broadcom		435		365,996
Cadence Design Systems *		286		68,597
Cisco Systems		4,298		224,055
Cognizant Technology Solutions, Cl A		539		34,749
Crowdstrike Holdings, Cl A *		236		41,718
Datadog, Cl A *		321		26,152
Enphase Energy *		145		11,539
Fortinet *		821		46,937
GLOBALFOUNDRIES *		581		28,829
Intel		4,415		161,147
Intuit		295		146,010
KLA		141		66,228
Lam Research		140		82,351
Marvell Technology		920		43,442
Microchip Technology		557		39,709
Micron Technology		1,153		77,101
Microsoft		3,646		1,232,749
NVIDIA		1,212		494,254
ON Semiconductor *		461		28,877
Palo Alto Networks *		322		78,252
QUALCOMM		1,176		128,172
Synopsys *		160		75,110
Texas Instruments		957		135,904
Workday, Cl A *		212		44,882
Zoom Video Communications, Cl A *		270		16,195
Zscaler *		152		24,121
				5,753,671

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

281

Schedule of Investments	October 31, 2023
Global X NASDAQ 100® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — 0.3%
CoStar Group *		434	$	31,860
Utilities — 1.3%
American Electric Power		538		40,640
Constellation Energy		336		37,941
Exelon		1,063		41,393
Xcel Energy		584		34,614
				154,588
TOTAL UNITED STATES				11,593,516
TOTAL COMMON STOCK (Cost $11,858,755)				11,879,955
PURCHASED OPTIONS — 0.6% (Cost $107,984)				73,920
TOTAL INVESTMENTS — 101.2% (Cost $11,966,739)			$	11,953,875
WRITTEN OPTIONS— (1.3)% (Premiums Received $(337,034))			$	(158,680	)

Percentages are based on Net Assets of $11,812,572.

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

282

Schedule of Investments	October 31, 2023
Global X NASDAQ 100® Risk Managed Income ETF

A list of the exchange traded option contracts held by the Fund at October 31, 2023, is as follows:

Description	Number of Contracts	Notional Amount			Exercise Price		Expiration Date	Value
PURCHASED OPTIONS — 0.6%
Put Options
Nasdaq-100	8	$	11,527,824		$	13,850	11/17/23	$	73,920
WRITTEN OPTIONS — (1.3)%
Call Options
Nasdaq-100	(8)	$	(11,527,824	)	$	14,575	11/17/23	$	(158,680	)

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $11,879,586.

The following is a summary of the level of inputs used as of October 31, 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	$	11,879,955		$	—	$	—	$	11,879,955
Purchased Options		73,920			—		—		73,920
Total Investments in Securities	$	11,953,875		$	—	$	—	$	11,953,875
Other Financial Instruments		Level 1			Level 2		Level 3		Total
Written Options	$	(158,680	)	$	—	$	—	$	(158,680	)
Total Other Financial Instruments	$	(158,680	)	$	—	$	—	$	(158,680	)

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	October 31, 2023
Global X NASDAQ 100® Collar 95-110 ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK(A) — 97.2%
BRAZIL — 0.5%
Consumer Discretionary — 0.5%
MercadoLibre *		9	$	11,167
CHINA — 1.1%
Consumer Discretionary — 0.7%
JD.com ADR		83		2,110
PDD Holdings ADR *		118		11,968
				14,078
Information Technology — 0.4%
NXP Semiconductors		47		8,104
TOTAL CHINA				22,182
NETHERLANDS — 0.4%
Information Technology — 0.4%
ASML Holding		15		8,982

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

284

Schedule of Investments	October 31, 2023
Global X NASDAQ 100® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
UNITED KINGDOM — 0.3%
Health Care — 0.3%
AstraZeneca ADR		105	$	6,639
UNITED STATES — 94.9%
Communication Services — 15.6%
Alphabet, Cl A *		504		62,536
Alphabet, Cl C *		492		61,648
Charter Communications, Cl A *		27		10,876
Comcast, Cl A		749		30,926
Electronic Arts		50		6,189
Meta Platforms, Cl A *		263		79,234
Netflix *		81		33,347
Sirius XM Holdings		707		3,026
T-Mobile US *		214		30,786
Trade Desk, Cl A *		81		5,748
Warner Bros Discovery *		445		4,423
				328,739
Consumer Discretionary — 12.2%
Airbnb, Cl A *		75		8,872
Amazon.com *		876		116,587
Booking Holdings *		6		16,737
eBay		97		3,805
Lucid Group *		412		1,697
Lululemon Athletica *		22		8,657
Marriott International, Cl A		54		10,182
O’Reilly Automotive *		11		10,235
Ross Stores		62		7,190
Starbucks		208		19,186
Tesla *		269		54,026
				257,174
Consumer Staples — 6.3%
Costco Wholesale		80		44,195
Dollar Tree *		41		4,555
Keurig Dr Pepper		257		7,795
Kraft Heinz		224		7,047
Mondelez International, Cl A		247		16,354
Monster Beverage *		192		9,811

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

285

Schedule of Investments	October 31, 2023
Global X NASDAQ 100® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
PepsiCo		250	$	40,820
Walgreens Boots Alliance		158		3,330
				133,907
Energy — 0.5%
Baker Hughes, Cl A		186		6,402
Diamondback Energy		32		5,130
				11,532
Financials — 0.5%
PayPal Holdings *		200		10,360
Health Care — 6.3%
Align Technology *		13		2,400
Amgen .		97		24,803
Biogen *		26		6,176
Dexcom *		71		6,307
GE HealthCare Technologies .		83		5,525
Gilead Sciences		227		17,829
IDEXX Laboratories *		15		5,992
Illumina *		29		3,173
Intuitive Surgical *		64		16,782
Moderna *		69		5,241
Regeneron Pharmaceuticals *		19		14,818
Seagen *		34		7,236
Vertex Pharmaceuticals *		47		17,019
				133,301
Industrials — 4.8%
Automatic Data Processing		75		16,367
Cintas		18		9,128
Copart *		175		7,616
CSX		364		10,866
Fastenal		104		6,067
Honeywell International .		121		22,175
Old Dominion Freight Line		20		7,533
PACCAR		95		7,840
Paychex		66		7,329

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

286

Schedule of Investments	October 31, 2023
Global X NASDAQ 100® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Verisk Analytics, Cl A		26	$	5,911
				100,832
Information Technology — 47.1%
Adobe *		83		44,161
Advanced Micro Devices *		295		29,057
Analog Devices		91		14,317
ANSYS *		15		4,174
Apple		1,324		226,099
Applied Materials		152		20,117
Atlassian, Cl A *		28		5,058
Autodesk *		39		7,708
Broadcom		75		63,103
Cadence Design Systems *		49		11,753
Cisco Systems		742		38,680
Cognizant Technology Solutions, Cl A		93		5,996
Crowdstrike Holdings, Cl A *		40		7,071
Datadog, Cl A *		54		4,399
Enphase Energy *		25		1,990
Fortinet *		144		8,232
GLOBALFOUNDRIES *		100		4,962
Intel		765		27,923
Intuit		51		25,242
KLA		25		11,743
Lam Research		24		14,117
Marvell Technology		158		7,461
Microchip Technology		100		7,129
Micron Technology		201		13,441
Microsoft		629		212,671
NVIDIA		210		85,638
ON Semiconductor *		79		4,949
Palo Alto Networks *		56		13,609
QUALCOMM		203		22,125
Synopsys *		28		13,144
Texas Instruments		166		23,574
Workday, Cl A *		38		8,045
Zoom Video Communications, Cl A *		46		2,759
Zscaler *		26		4,126
				994,573

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

287

Schedule of Investments	October 31, 2023
Global X NASDAQ 100® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — 0.3%
CoStar Group *		75	$	5,506
Utilities — 1.3%
American Electric Power		95		7,177
Constellation Energy		59		6,662
Exelon		182		7,087
Xcel Energy		101		5,986
				26,912
TOTAL UNITED STATES				2,002,836
TOTAL COMMON STOCK (Cost $2,247,843)				2,051,806
PURCHASED OPTIONS — 2.7% (Cost $35,679)				57,935
TOTAL INVESTMENTS — 99.9% (Cost $2,283,522)			$	2,109,741
WRITTEN OPTIONS— (0.0)% (Premiums Received $(12,721))			$	(291	)

Percentages are based on Net Assets of $2,112,034.

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

288

Schedule of Investments	October 31, 2023
Global X NASDAQ 100® Collar 95-110 ETF

A list of the exchange traded option contracts held by the Fund at October 31, 2023, is as follows:

Description	Number of Contracts	Notional Amount			Exercise Price		Expiration Date	Value
PURCHASED OPTIONS — 2.7%
Put Options
Nasdaq-100	1	$	1,440,978		$	14,475	12/15/23	$	41,565
Nasdaq-100® Reduced-Value Index	2		576,392			2,890	12/15/23		16,370
Total Purchased Options		$	2,017,370					$	57,935
WRITTEN OPTIONS — 0.0%
Call Options
Nasdaq-100	(1)	$	(1,440,978	)	$	16,750	12/15/23	$	(265	)
Nasdaq-100® Reduced-Value Index	(2)		(576,392	)		3,350	12/15/23		(26	)
Total Written Options		$	(2,017,370	)				$	(291	)

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $2,051,806.

The following is a summary of the level of inputs used as of October 31, 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	$	2,051,806		$	—	$	—	$	2,051,806
Purchased Options		57,935			—		—		57,935
Total Investments in Securities	$	2,109,741		$	—	$	—	$	2,109,741
Other Financial Instruments		Level 1			Level 2		Level 3		Total
Written Options	$	(291	)	$	—	$	—	$	(291	)
Total Other Financial Instruments	$	(291	)	$	—	$	—	$	(291	)

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.

289

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Tail Risk ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK — 98.9%
CHINA — 0.1%
Information Technology — 0.1%
NXP Semiconductors		17	$	2,931
UNITED STATES — 98.8%
Communication Services — 8.6%
Alphabet, Cl A *		404		50,128
Alphabet, Cl C *		344		43,103
AT&T		499		7,685
Charter Communications, Cl A *		7		2,820
Comcast, Cl A		279		11,520
Electronic Arts		17		2,105
Fox, Cl A		19		578
Fox, Cl B		7		195
Interpublic Group		24		682
Live Nation Entertainment *		9		720
Match Group *		18		623
Meta Platforms, Cl A *		151		45,492
Netflix *		31		12,762
News, Cl A		21		434
News, Cl B		3		64

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

290

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Omnicom Group		13	$	974
Paramount Global, Cl B		32		348
Take-Two Interactive Software *		11		1,471
T-Mobile US		35		5,035
Verizon Communications		294		10,328
Walt Disney		127		10,362
Warner Bros Discovery *		149		1,481
				208,910
Consumer Discretionary — 10.4%
Airbnb, Cl A *		29		3,430
Amazon.com *		619		82,383
Aptiv *		18		1,570
AutoZone *		1		2,477
Bath & Body Works		20		593
Best Buy		14		936
Booking Holdings *		2		5,579
BorgWarner		20		738
Caesars Entertainment *		15		598
CarMax *		10		611
Carnival *		70		802
Chipotle Mexican Grill, Cl A *		2		3,884
Darden Restaurants		8		1,164
Domino’s Pizza		3		1,017
DR Horton		20		2,088
eBay		39		1,530
Etsy *		10		623
Expedia Group *		10		953
Ford Motor		263		2,564
Garmin		10		1,025
General Motors		97		2,735
Genuine Parts		9		1,160
Hasbro		7		316
Hilton Worldwide Holdings		18		2,728
Home Depot		68		19,359
Las Vegas Sands		20		949
Lennar, Cl A		16		1,707
LKQ		20		878
Lowe’s		40		7,623

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

291

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Lululemon Athletica *		9	$	3,541
Marriott International, Cl A		18		3,394
McDonald’s		51		13,371
MGM Resorts International		21		733
Mohawk Industries *		4		322
NIKE, Cl B		86		8,838
Norwegian Cruise Line Holdings *		24		326
O’Reilly Automotive *		4		3,722
Pool		3		947
PulteGroup		13		957
Ralph Lauren, Cl A		3		338
Ross Stores		24		2,783
Royal Caribbean Cruises *		13		1,102
Starbucks		80		7,379
Tapestry		14		386
Tesla *		188		37,758
TJX		81		7,134
Tractor Supply		8		1,541
Ulta Beauty *		3		1,144
VF		21		309
Whirlpool		4		418
Wynn Resorts		6		527
Yum! Brands		19		2,296
				251,286
Consumer Staples — 6.6%
Altria Group		126		5,061
Archer-Daniels-Midland		36		2,577
Brown-Forman, Cl B		14		786
Bunge		11		1,166
Campbell Soup		14		566
Church & Dwight		15		1,364
Clorox		8		942
Coca-Cola		268		15,139
Colgate-Palmolive		57		4,282
Conagra Brands		30		821
Constellation Brands, Cl A		11		2,576
Costco Wholesale		30		16,573
Dollar General		14		1,667

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

292

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Dollar Tree *		16	$	1,777
Estee Lauder, Cl A		15		1,933
General Mills		40		2,610
Hershey		10		1,873
Hormel Foods		19		618
J M Smucker		6		683
Kellanova		20		1,009
Kenvue		118		2,195
Keurig Dr Pepper		66		2,002
Kimberly-Clark		24		2,871
Kraft Heinz		56		1,762
Kroger		46		2,087
Lamb Weston Holdings		9		808
McCormick		16		1,022
Molson Coors Beverage, Cl B		13		751
Mondelez International, Cl A		96		6,356
Monster Beverage *		53		2,708
PepsiCo		96		15,675
Philip Morris International		108		9,629
Procter & Gamble		163		24,455
Sysco		36		2,394
Target		32		3,545
Tyson Foods, Cl A		19		881
Walgreens Boots Alliance		48		1,012
Walmart		97		15,851
				160,027
Energy — 4.5%
APA		21		834
Baker Hughes, Cl A		68		2,341
Chevron		121		17,633
ConocoPhillips		81		9,623
Coterra Energy		48		1,320
Devon Energy		46		2,142
Diamondback Energy		12		1,924
EOG Resources		40		5,050
EQT		25		1,059
Exxon Mobil		273		28,897
Halliburton		60		2,360

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

293

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Hess		19	$	2,744
Kinder Morgan		130		2,106
Marathon Oil		43		1,174
Marathon Petroleum		27		4,084
Occidental Petroleum		50		3,091
ONEOK		40		2,608
Phillips 66		33		3,764
Pioneer Natural Resources		15		3,585
Schlumberger		98		5,455
Targa Resources		13		1,087
Valero Energy		26		3,302
Williams		85		2,924
				109,107
Financials — 12.6%
Aflac		38		2,968
Allstate		17		2,178
American Express		39		5,695
American International Group		47		2,882
Ameriprise Financial		7		2,202
Aon, Cl A		14		4,332
Arch Capital Group *		26		2,254
Arthur J Gallagher		14		3,297
Assurant		4		596
Bank of America		475		12,511
Bank of New York Mellon		50		2,125
Berkshire Hathaway, Cl B *		124		42,325
BlackRock, Cl A		10		6,123
Blackstone		48		4,433
Brown & Brown		14		972
Capital One Financial		25		2,532
Cboe Global Markets		6		983
Charles Schwab		102		5,308
Chubb		28		6,009
Cincinnati Financial		11		1,096
Citigroup		129		5,094
Citizens Financial Group		30		703
CME Group, Cl A		24		5,123
Comerica		8		315

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

294

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Discover Financial Services		18	$	1,477
Everest Group		3		1,187
FactSet Research Systems		3		1,296
Fidelity National Information Services		41		2,014
Fifth Third Bancorp		45		1,067
Fiserv *		41		4,664
FleetCor Technologies *		5		1,126
Franklin Resources		17		387
Global Payments		18		1,912
Globe Life		5		582
Goldman Sachs Group		22		6,679
Hartford Financial Services Group		20		1,469
Huntington Bancshares		96		926
Intercontinental Exchange		37		3,975
Invesco		32		415
Jack Henry & Associates		5		705
JPMorgan Chase		198		27,534
KeyCorp		62		634
Loews		13		832
M&T Bank		14		1,578
MarketAxess Holdings		3		641
Marsh & McLennan		34		6,448
Mastercard, Cl A		57		21,452
MetLife		46		2,760
Moody’s		11		3,388
Morgan Stanley		90		6,374
MSCI, Cl A		6		2,829
Nasdaq		21		1,042
Northern Trust		15		989
PayPal Holdings *		79		4,092
PNC Financial Services Group		27		3,091
Principal Financial Group		14		948
Progressive		40		6,324
Prudential Financial		24		2,195
Raymond James Financial		14		1,336
Regions Financial		63		915
S&P Global		23		8,034
State Street		26		1,680
Synchrony Financial		30		842

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

295

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
T Rowe Price Group		16	$	1,448
Travelers		15		2,512
Truist Financial		91		2,581
US Bancorp		96		3,060
Visa, Cl A		111		26,096
W R Berkley		15		1,011
Wells Fargo		257		10,221
Willis Towers Watson		6		1,415
Zions Bancorp		9		278
				306,517
Health Care — 13.1%
Abbott Laboratories		120		11,346
AbbVie		122		17,224
Agilent Technologies		20		2,067
Align Technology *		5		923
Amgen		36		9,205
Baxter International		35		1,135
Becton Dickinson		20		5,056
Biogen *		10		2,375
Bio-Rad Laboratories, Cl A *		1		275
Bio-Techne		10		546
Boston Scientific *		99		5,068
Bristol-Myers Squibb		145		7,472
Cardinal Health		17		1,547
Catalent *		12		413
Cencora		11		2,037
Centene *		39		2,690
Charles River Laboratories International *		4		673
Cigna Group		20		6,184
Cooper		3		935
CVS Health		87		6,004
Danaher		45		8,641
DaVita *		4		309
DENTSPLY SIRONA		14		426
Dexcom *		26		2,310
Edwards Lifesciences *		43		2,740
Elevance Health		16		7,201
Eli Lilly		54		29,912

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

296

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
GE HealthCare Technologies		27	$	1,797
Gilead Sciences		87		6,833
HCA Healthcare		14		3,166
Henry Schein *		8		520
Hologic *		16		1,059
Humana		8		4,190
IDEXX Laboratories *		6		2,397
Illumina *		10		1,094
Incyte *		13		701
Insulet *		6		795
Intuitive Surgical *		25		6,556
IQVIA Holdings *		14		2,532
Johnson & Johnson		165		24,476
Laboratory Corp of America Holdings		5		999
McKesson		9		4,098
Medtronic		93		6,562
Merck		176		18,075
Mettler-Toledo International *		1		985
Moderna *		25		1,899
Molina Healthcare *		5		1,665
Pfizer		386		11,796
Quest Diagnostics		7		911
Regeneron Pharmaceuticals *		7		5,459
ResMed		10		1,412
Revvity		8		663
STERIS PLC		7		1,470
Stryker		24		6,485
Teleflex		4		739
Thermo Fisher Scientific		26		11,564
UnitedHealth Group		64		34,276
Universal Health Services, Cl B		6		755
Vertex Pharmaceuticals *		17		6,156
Viatris		79		703
Waters *		5		1,193
West Pharmaceutical Services		5		1,591
Zimmer Biomet Holdings		16		1,671
Zoetis, Cl A		33		5,181
				317,138

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

297

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Industrials — 8.2%
3M		40	$	3,638
A O Smith		7		488
Alaska Air Group *		7		221
Allegion		4		393
American Airlines Group *		41		457
AMETEK		14		1,971
Automatic Data Processing		28		6,110
Axon Enterprise *		4		818
Boeing *		39		7,286
Broadridge Financial Solutions		7		1,195
Carrier Global		56		2,669
Caterpillar		35		7,912
Ceridian HCM Holding *		10		640
CH Robinson Worldwide		7		573
Cintas		6		3,043
Copart *		58		2,524
CSX		139		4,149
Cummins		10		2,163
Deere		18		6,577
Delta Air Lines		44		1,375
Dover		9		1,170
Eaton		27		5,614
Emerson Electric		40		3,559
Equifax		7		1,187
Expeditors International of Washington		10		1,093
Fastenal		39		2,275
FedEx		15		3,602
Fortive		23		1,501
Generac Holdings *		5		420
General Dynamics		14		3,378
General Electric		74		8,039
Honeywell International		44		8,063
Howmet Aerospace		24		1,058
Hubbell, Cl B		5		1,351
Huntington Ingalls Industries		3		660
IDEX		5		957
Illinois Tool Works		19		4,258
Ingersoll Rand		26		1,578
Jacobs Solutions		10		1,333

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

298

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
JB Hunt Transport Services		4	$	688
Johnson Controls International		47		2,304
L3Harris Technologies		14		2,512
Leidos Holdings		9		892
Lockheed Martin		16		7,274
Masco		14		729
Nordson		5		1,063
Norfolk Southern		15		2,862
Northrop Grumman		10		4,714
Old Dominion Freight Line		6		2,260
Otis Worldwide		28		2,162
PACCAR		34		2,806
Parker-Hannifin		9		3,320
Paychex		22		2,443
Paycom Software		4		980
Pentair		10		581
Quanta Services		9		1,504
Republic Services, Cl A		15		2,227
Robert Half		6		449
Rockwell Automation		7		1,840
Rollins		16		602
RTX		101		8,220
Snap-On		4		1,032
Southwest Airlines		40		889
Stanley Black & Decker		9		765
Textron		13		988
Trane Technologies		14		2,664
TransDigm Group *		4		3,312
Union Pacific		43		8,927
United Airlines Holdings *		20		700
United Parcel Service, Cl B		51		7,204
United Rentals		5		2,031
Veralto *		15		1,035
Verisk Analytics, Cl A		10		2,274
Waste Management		25		4,108
Westinghouse Air Brake Technologies		13		1,378
WW Grainger		3		2,190
Xylem		15		1,403
				198,630

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

299

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — 27.6%
Accenture, Cl A		43	$	12,775
Adobe *		31		16,494
Advanced Micro Devices *		109		10,736
Akamai Technologies *		10		1,033
Amphenol, Cl A		40		3,222
Analog Devices		36		5,664
ANSYS *		5		1,391
Apple		1,003		171,282
Applied Materials		57		7,544
Arista Networks *		18		3,607
Autodesk *		14		2,767
Broadcom		28		23,558
Cadence Design Systems *		18		4,317
CDW		9		1,804
Cisco Systems		277		14,440
Cognizant Technology Solutions, Cl A		36		2,321
Corning		52		1,392
Enphase Energy *		10		796
EPAM Systems *		5		1,088
F5 *		4		606
Fair Isaac *		2		1,692
First Solar *		6		855
Fortinet *		46		2,630
Gartner *		5		1,660
Gen Digital		37		616
Hewlett Packard Enterprise		85		1,307
HP		58		1,527
Intel		287		10,475
International Business Machines		64		9,257
Intuit		19		9,404
Juniper Networks		21		565
Keysight Technologies *		13		1,587
KLA		9		4,227
Lam Research		9		5,294
Microchip Technology		37		2,638
Micron Technology		74		4,948
Microsoft		507		171,422
Monolithic Power Systems		3		1,325
Motorola Solutions		12		3,342

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

300

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
NetApp		15	$	1,092
NVIDIA		168		68,510
ON Semiconductor *		29		1,817
Oracle		106		10,960
Palo Alto Networks *		21		5,103
PTC *		6		843
Qorvo *		5		437
QUALCOMM		75		8,174
Roper Technologies		7		3,420
Salesforce *		66		13,255
Seagate Technology Holdings		13		887
ServiceNow *		14		8,146
Skyworks Solutions		10		867
SolarEdge Technologies *		4		304
Synopsys *		11		5,164
TE Connectivity		22		2,593
Teledyne Technologies *		4		1,498
Teradyne		10		833
Texas Instruments		63		8,947
Trimble *		20		943
Tyler Technologies *		3		1,119
VeriSign *		5		998
Western Digital *		20		803
Zebra Technologies, Cl A *		4		838
				669,159
Materials — 2.4%
Air Products & Chemicals		15		4,237
Albemarle		7		888
Amcor		99		880
Avery Dennison		4		696
Ball		21		1,011
Celanese, Cl A		5		573
CF Industries Holdings		13		1,037
Corteva		49		2,359
Dow		48		2,320
DuPont de Nemours		30		2,186
Eastman Chemical		10		747
Ecolab		16		2,684

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

301

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
FMC		10	$	532
Freeport-McMoRan		98		3,310
International Flavors & Fragrances		16		1,094
International Paper		33		1,113
Linde		34		12,993
LyondellBasell Industries, Cl A		17		1,534
Martin Marietta Materials		4		1,636
Mosaic		23		747
Newmont		55		2,061
Nucor		16		2,365
Packaging Corp of America		7		1,071
PPG Industries		15		1,842
Sealed Air		9		277
Sherwin-Williams		15		3,573
Steel Dynamics		12		1,278
Vulcan Materials		10		1,965
Westrock		15		539
				57,548
Real Estate — 2.3%
Alexandria Real Estate Equities ‡		10		931
American Tower ‡		31		5,524
AvalonBay Communities ‡		9		1,492
Boston Properties ‡		9		482
Camden Property Trust ‡		6		509
CBRE Group, Cl A *		20		1,387
CoStar Group *		27		1,982
Crown Castle ‡		30		2,789
Digital Realty Trust ‡		19		2,363
Equinix ‡		6		4,378
Equity Residential ‡		24		1,328
Essex Property Trust ‡		5		1,070
Extra Space Storage ‡		15		1,554
Federal Realty Investment Trust ‡		5		456
Healthpeak Properties ‡		34		529
Host Hotels & Resorts ‡		45		697
Invitation Homes ‡		38		1,128
Iron Mountain ‡		19		1,122
Kimco Realty ‡		41		736

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

302

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Mid-America Apartment Communities ‡		6	$	709
ProLogis ‡		65		6,549
Public Storage ‡		12		2,865
Realty Income ‡		46		2,179
Regency Centers ‡		10		603
SBA Communications, Cl A ‡		6		1,252
Simon Property Group ‡		23		2,527
UDR ‡		20		636
Ventas ‡		26		1,104
VICI Properties, Cl A ‡		68		1,897
Welltower ‡		35		2,926
Weyerhaeuser ‡		50		1,434
				55,138
Utilities — 2.5%
AES		40		596
Alliant Energy		20		976
Ameren		20		1,514
American Electric Power		34		2,568
American Water Works		13		1,529
Atmos Energy		9		969
CenterPoint Energy		40		1,075
CMS Energy		19		1,033
Consolidated Edison		26		2,283
Constellation Energy		23		2,597
Dominion Energy		57		2,298
DTE Energy		14		1,349
Duke Energy		55		4,889
Edison International		25		1,577
Entergy		14		1,338
Evergy		14		688
Eversource Energy		25		1,345
Exelon		68		2,648
FirstEnergy		36		1,282
NextEra Energy		138		8,045
NiSource		25		629
NRG Energy		20		848
PG&E		138		2,249
Pinnacle West Capital		10		742

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

303

 

Schedule of Investments	October 31, 2023
Global X S&P 500® Tail Risk ETF

	Shares		Value
COMMON STOCK — continued
Utilities — continued
PPL		49	$	1,204
Public Service Enterprise Group		33		2,034
Sempra		44		3,081
Southern		76		5,115
WEC Energy Group		20		1,628
Xcel Energy		37		2,193
				60,322
TOTAL UNITED STATES				2,393,782
TOTAL COMMON STOCK (Cost $2,557,704)				2,396,713
PURCHASED OPTIONS — 0.9%
(Cost $13,075)				22,219
TOTAL INVESTMENTS — 99.8%
(Cost $2,570,779)			$	2,418,932

Percentages are based on Net Assets of $2,423,348.

A list of the exchange traded option contracts held by the Fund at October 31, 2023, is as follows:

Description	Number of Contracts	Notional Amount		Exercise Price		Expiration Date	Value
PURCHASED OPTIONS — 0.9%
Put Options
Mini-SPX Index	7	$	293,566	$	402	12/15/23	$	2,769
S&P 500 Index	5		2,096,900		4,020	12/15/23		19,450
Total Purchased Options		$	2,390,466				$	22,219

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

As of October 31, 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.

304

Schedule of Investments	October 31, 2023
Global X S&P 500® Risk Managed Income ETF

Sector Weightings (Unaudited)†:

†  Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK(A) — 100.5%
CHINA — 0.1%
Information Technology — 0.1%
NXP Semiconductors		204	$	35,176
UNITED STATES — 100.4%
Communication Services — 8.8%
Alphabet, Cl A *		4,610		572,009
Alphabet, Cl C *		3,922		491,427
AT&T		5,571		85,793
Charter Communications, Cl A *		78		31,418
Comcast, Cl A		3,183		131,426
Electronic Arts		183		22,654
Fox, Cl A		202		6,139
Fox, Cl B		146		4,075
Interpublic Group		332		9,429
Live Nation Entertainment *		102		8,162
Match Group *		196		6,782
Meta Platforms, Cl A *		1,727		520,293
Netflix *		346		142,445
News, Cl A		289		5,976
News, Cl B		146		3,130

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

305

Schedule of Investments	October 31, 2023
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Omnicom Group		157	$	11,761
Paramount Global, Cl B		460		5,005
Take-Two Interactive Software *		127		16,986
T-Mobile US		394		56,681
Verizon Communications		3,248		114,102
Walt Disney		1,414		115,368
Warner Bros Discovery *		1,762		17,514
				2,378,575
Consumer Discretionary — 10.6%
Airbnb, Cl A *		323		38,208
Amazon.com *		7,050		938,285
Aptiv *		211		18,399
AutoZone *		14		34,680
Bath & Body Works		177		5,248
Best Buy		139		9,288
Booking Holdings *		27		75,318
BorgWarner		204		7,528
Caesars Entertainment *		165		6,582
CarMax *		113		6,903
Carnival *		798		9,145
Chipotle Mexican Grill, Cl A *		21		40,786
Darden Restaurants		92		13,389
Domino’s Pizza		24		8,136
DR Horton		228		23,803
eBay		425		16,673
Etsy *		99		6,168
Expedia Group *		99		9,434
Ford Motor		2,969		28,948
Garmin		115		11,791
General Motors		1,037		29,243
Genuine Parts		112		14,432
Hasbro		115		5,192
Hilton Worldwide Holdings		207		31,367
Home Depot		783		222,912
Las Vegas Sands		242		11,485
Lennar, Cl A		192		20,483
LKQ		219		9,619
Lowe’s		448		85,375

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

306

Schedule of Investments	October 31, 2023
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Lululemon Athletica *		90	$	35,413
Marriott International, Cl A		189		35,638
McDonald’s		570		149,437
MGM Resorts International		218		7,613
Mohawk Industries *		41		3,296
NIKE, Cl B		947		97,323
Norwegian Cruise Line Holdings *		281		3,822
NVR *		3		16,238
O’Reilly Automotive *		48		44,661
Pool		27		8,526
PulteGroup		161		11,848
Ralph Lauren, Cl A		31		3,488
Ross Stores		274		31,776
Royal Caribbean Cruises *		178		15,082
Starbucks		893		82,370
Tapestry		206		5,677
Tesla *		2,140		429,798
TJX		877		77,237
Tractor Supply		81		15,597
Ulta Beauty *		40		15,252
VF		292		4,301
Whirlpool		34		3,555
Wynn Resorts		76		6,671
Yum! Brands		226		27,314
				2,870,753
Consumer Staples — 6.7%
Altria Group		1,349		54,189
Archer-Daniels-Midland		404		28,914
Brown-Forman, Cl B		147		8,256
Bunge		110		11,658
Campbell Soup		180		7,274
Church & Dwight		196		17,824
Clorox		101		11,888
Coca-Cola		3,039		171,673
Colgate-Palmolive		626		47,025
Conagra Brands		379		10,369
Constellation Brands, Cl A		122		28,566
Costco Wholesale		345		190,592

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

307

Schedule of Investments	October 31, 2023
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Dollar General		173	$	20,594
Dollar Tree *		164		18,219
Estee Lauder, Cl A		182		23,454
General Mills		468		30,532
Hershey		121		22,669
Hormel Foods		240		7,812
J M Smucker		88		10,018
Kellanova		219		11,053
Kenvue		1,363		25,352
Keurig Dr Pepper		818		24,810
Kimberly-Clark		272		32,542
Kraft Heinz		631		19,851
Kroger		496		22,504
Lamb Weston Holdings		105		9,429
McCormick		200		12,780
Molson Coors Beverage, Cl B		146		8,434
Mondelez International, Cl A		1,057		69,984
Monster Beverage *		559		28,565
PepsiCo		1,065		173,893
Philip Morris International		1,199		106,903
Procter & Gamble		1,826		273,955
Sysco		408		27,128
Target		349		38,666
Tyson Foods, Cl A		209		9,687
Walgreens Boots Alliance		598		12,606
Walmart		1,104		180,405
				1,810,073
Energy — 4.6%
APA		219		8,699
Baker Hughes, Cl A		803		27,639
Chevron		1,382		201,399
ConocoPhillips		925		109,890
Coterra Energy		596		16,390
Devon Energy		514		23,937
Diamondback Energy		144		23,086
EOG Resources		443		55,929
EQT		283		11,993
Exxon Mobil		3,101		328,241

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

308

Schedule of Investments	October 31, 2023
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Halliburton		719	$	28,285
Hess		218		31,479
Kinder Morgan		1,573		25,483
Marathon Oil		480		13,109
Marathon Petroleum		303		45,829
Occidental Petroleum		501		30,967
ONEOK		448		29,210
Phillips 66		336		38,327
Pioneer Natural Resources		184		43,976
Schlumberger		1,084		60,335
Targa Resources		181		15,133
Valero Energy		267		33,909
Williams		932		32,061
				1,235,306
Financials — 12.8%
Aflac		407		31,791
Allstate		205		26,267
American Express		444		64,837
American International Group		536		32,862
Ameriprise Financial		78		24,536
Aon, Cl A		154		47,648
Arch Capital Group *		296		25,657
Arthur J Gallagher		163		38,385
Assurant		48		7,147
Bank of America		5,346		140,814
Bank of New York Mellon		573		24,353
Berkshire Hathaway, Cl B *		1,418		484,006
BlackRock, Cl A		108		66,126
Blackstone		541		49,961
Brown & Brown		185		12,843
Capital One Financial		304		30,792
Cboe Global Markets		87		14,258
Charles Schwab		1,133		58,961
Chubb		313		67,176
Cincinnati Financial		125		12,459
Citigroup		1,466		57,892
Citizens Financial Group		350		8,201
CME Group, Cl A		274		58,488

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

309

Schedule of Investments	October 31, 2023
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Comerica		118	$	4,649
Discover Financial Services		198		16,252
Everest Group		35		13,847
FactSet Research Systems		30		12,957
Fidelity National Information Services		448		22,001
Fifth Third Bancorp		539		12,780
Fiserv *		463		52,666
FleetCor Technologies *		61		13,735
Franklin Resources		222		5,059
Global Payments		193		20,500
Globe Life		78		9,076
Goldman Sachs Group		252		76,510
Hartford Financial Services Group		249		18,289
Huntington Bancshares		1,052		10,152
Intercontinental Exchange		449		48,241
Invesco		409		5,305
Jack Henry & Associates		52		7,331
JPMorgan Chase		2,261		314,415
KeyCorp		646		6,602
Loews		146		9,345
M&T Bank		132		14,883
MarketAxess Holdings		29		6,199
Marsh & McLennan		388		73,584
Mastercard, Cl A		648		243,875
MetLife		474		28,445
Moody’s		120		36,960
Morgan Stanley		975		69,050
MSCI, Cl A		62		29,236
Nasdaq		248		12,301
Northern Trust		162		10,677
PayPal Holdings *		835		43,253
PNC Financial Services Group		301		34,455
Principal Financial Group		161		10,896
Progressive		451		71,299
Prudential Financial		289		26,426
Raymond James Financial		150		14,316
Regions Financial		767		11,145
S&P Global		249		86,978
State Street		235		15,188

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

310

Schedule of Investments	October 31, 2023
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Synchrony Financial		332	$	9,313
T Rowe Price Group		176		15,928
Travelers		174		29,135
Truist Financial		1,062		30,118
US Bancorp		1,193		38,033
Visa, Cl A		1,245		292,700
W R Berkley		155		10,450
Wells Fargo		2,827		112,430
Willis Towers Watson		78		18,399
Zions Bancorp		146		4,504
				3,465,348
Health Care — 13.2%
Abbott Laboratories		1,357		128,304
AbbVie		1,376		194,264
Agilent Technologies		240		24,809
Align Technology *		53		9,783
Amgen		418		106,883
Baxter International		403		13,069
Becton Dickinson		222		56,117
Biogen *		109		25,892
Bio-Rad Laboratories, Cl A *		16		4,405
Bio-Techne		114		6,228
Boston Scientific *		1,114		57,026
Bristol-Myers Squibb		1,597		82,293
Cardinal Health		196		17,836
Catalent *		120		4,127
Cencora		130		24,070
Centene *		418		28,834
Charles River Laboratories International *		34		5,724
Cigna Group		233		72,044
Cooper		39		12,158
CVS Health		979		67,561
Danaher		503		96,586
DaVita *		43		3,321
DENTSPLY SIRONA		170		5,170
Dexcom *		309		27,448
Edwards Lifesciences *		483		30,777
Elevance Health		185		83,267

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

311

Schedule of Investments	October 31, 2023
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Eli Lilly		620	$	343,437
GE HealthCare Technologies		284		18,906
Gilead Sciences		974		76,498
HCA Healthcare		152		34,373
Henry Schein *		91		5,913
Hologic *		178		11,778
Humana		95		49,751
IDEXX Laboratories *		61		24,368
Illumina *		120		13,130
Incyte *		158		8,521
Insulet *		54		7,159
Intuitive Surgical *		274		71,848
IQVIA Holdings *		142		25,678
Johnson & Johnson		1,875		278,138
Laboratory Corp of America Holdings		65		12,982
McKesson		103		46,902
Medtronic		1,036		73,100
Merck		1,978		203,141
Mettler-Toledo International *		17		16,748
Moderna *		264		20,053
Molina Healthcare *		46		15,316
Pfizer		4,365		133,394
Quest Diagnostics		81		10,538
Regeneron Pharmaceuticals *		82		63,951
ResMed		111		15,675
Revvity		101		8,368
STERIS PLC		83		17,428
Stryker		265		71,608
Teleflex		32		5,912
Thermo Fisher Scientific		298		132,541
UnitedHealth Group		718		384,532
Universal Health Services, Cl B		46		5,791
Vertex Pharmaceuticals *		199		72,060
Viatris		930		8,277
Waters *		46		10,972
West Pharmaceutical Services		58		18,461
Zimmer Biomet Holdings		154		16,079
Zoetis, Cl A		350		54,950
				3,576,273

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

312

Schedule of Investments	October 31, 2023
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Industrials — 8.3%
3M		418	$	38,017
A O Smith		114		7,953
Alaska Air Group *		112		3,543
Allegion		57		5,607
American Airlines Group *		457		5,096
AMETEK		181		25,479
Automatic Data Processing		314		68,521
Axon Enterprise *		51		10,429
Boeing *		441		82,388
Broadridge Financial Solutions		97		16,552
Carrier Global		668		31,837
Caterpillar		391		88,386
Ceridian HCM Holding *		108		6,913
CH Robinson Worldwide		84		6,874
Cintas		64		32,456
Copart *		675		29,376
CSX		1,522		45,432
Cummins		115		24,875
Deere		214		78,187
Delta Air Lines		481		15,031
Dover		113		14,684
Eaton		304		63,205
Emerson Electric		433		38,524
Equifax		100		16,957
Expeditors International of Washington		122		13,329
Fastenal		432		25,203
FedEx		183		43,938
Fortive		281		18,344
Generac Holdings *		43		3,615
General Dynamics		178		42,953
General Electric		851		92,444
Honeywell International		509		93,279
Howmet Aerospace		294		12,965
Hubbell, Cl B		40		10,804
Huntington Ingalls Industries		27		5,935
IDEX		59		11,293
Illinois Tool Works		208		46,617
Ingersoll Rand		319		19,357
Jacobs Solutions		94		12,530

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

313

Schedule of Investments	October 31, 2023
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
JB Hunt Transport Services		66	$	11,343
Johnson Controls International		511		25,049
L3Harris Technologies		151		27,091
Leidos Holdings		98		9,714
Lockheed Martin		171		77,743
Masco		193		10,053
Nordson		36		7,653
Norfolk Southern		180		34,342
Northrop Grumman		108		50,914
Old Dominion Freight Line		67		25,236
Otis Worldwide		312		24,090
PACCAR		419		34,580
Parker-Hannifin		98		36,153
Paychex		259		28,762
Paycom Software		38		9,309
Pentair		146		8,486
Quanta Services		117		19,553
Republic Services, Cl A		153		22,719
Robert Half		101		7,552
Rockwell Automation		87		22,864
Rollins		177		6,657
RTX		1,112		90,506
Snap-On		36		9,286
Southwest Airlines		439		9,759
Stanley Black & Decker		106		9,015
Textron		157		11,932
Trane Technologies		172		32,733
TransDigm Group *		41		33,952
Union Pacific		466		96,746
United Airlines Holdings *		242		8,472
United Parcel Service, Cl B		553		78,111
United Rentals		51		20,720
Veralto *		169		11,638
Verisk Analytics, Cl A		117		26,601
Waste Management		279		45,848
Westinghouse Air Brake Technologies		135		14,313
WW Grainger		33		24,084
Xylem		196		18,334
				2,250,841

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

314

Schedule of Investments	October 31, 2023
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — 28.1%
Accenture, Cl A		493	$	146,465
Adobe *		355		188,881
Advanced Micro Devices *		1,249		123,026
Akamai Technologies *		121		12,503
Amphenol, Cl A		474		38,181
Analog Devices		383		60,257
ANSYS *		64		17,809
Apple		11,404		1,947,461
Applied Materials		641		84,836
Arista Networks *		188		37,670
Autodesk *		170		33,597
Broadcom		321		270,080
Cadence Design Systems *		205		49,169
CDW		110		22,044
Cisco Systems		3,181		165,826
Cognizant Technology Solutions, Cl A		387		24,950
Corning		634		16,966
Enphase Energy *		111		8,833
EPAM Systems *		45		9,791
F5 *		41		6,215
Fair Isaac *		20		16,917
First Solar *		77		10,969
Fortinet *		524		29,957
Gartner *		62		20,586
Gen Digital		449		7,480
Hewlett Packard Enterprise		961		14,780
HP		641		16,878
Intel		3,263		119,099
International Business Machines		710		102,694
Intuit		219		108,394
Juniper Networks		292		7,861
Keysight Technologies *		142		17,331
KLA		104		48,849
Lam Research		102		59,998
Microchip Technology		438		31,225
Micron Technology		834		55,770
Microsoft		5,765		1,949,204
Monolithic Power Systems		34		15,019
Motorola Solutions		126		35,086

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

315

Schedule of Investments	October 31, 2023
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
NetApp		154	$	11,208
NVIDIA		1,918		782,160
ON Semiconductor *		344		21,548
Oracle		1,217		125,838
Palo Alto Networks *		233		56,624
PTC *		88		12,357
Qorvo *		73		6,382
QUALCOMM		871		94,930
Roper Technologies		82		40,063
Salesforce *		761		152,832
Seagate Technology Holdings		163		11,125
ServiceNow *		156		90,769
Skyworks Solutions		127		11,016
SolarEdge Technologies *		44		3,342
Synopsys *		116		54,455
TE Connectivity		236		27,813
Teledyne Technologies *		37		13,860
Teradyne		124		10,325
Texas Instruments		696		98,839
Trimble *		207		9,756
Tyler Technologies *		33		12,306
VeriSign *		69		13,777
Western Digital *		227		9,114
Zebra Technologies, Cl A *		36		7,539
				7,610,635
Materials — 2.4%
Air Products & Chemicals		168		47,450
Albemarle		96		12,171
Amcor		1,051		9,343
Avery Dennison		64		11,141
Ball		250		12,038
Celanese, Cl A		82		9,390
CF Industries Holdings		158		12,605
Corteva		569		27,392
Dow		563		27,215
DuPont de Nemours		344		25,071
Eastman Chemical		110		8,220
Ecolab		194		32,542

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

316

Schedule of Investments	October 31, 2023
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
FMC		86	$	4,575
Freeport-McMoRan		1,087		36,719
International Flavors & Fragrances		187		12,782
International Paper		288		9,714
Linde		378		144,457
LyondellBasell Industries, Cl A		197		17,777
Martin Marietta Materials		48		19,629
Mosaic		260		8,445
Newmont		630		23,606
Nucor		189		27,932
Packaging Corp of America		65		9,948
PPG Industries		185		22,712
Sealed Air		134		4,126
Sherwin-Williams		185		44,069
Steel Dynamics		127		13,527
Vulcan Materials		109		21,417
Westrock		211		7,581
				663,594
Real Estate — 2.4%
Alexandria Real Estate Equities ‡		113		10,524
American Tower ‡		354		63,079
AvalonBay Communities ‡		106		17,569
Boston Properties ‡		111		5,946
Camden Property Trust ‡		79		6,706
CBRE Group, Cl A *		248		17,196
CoStar Group *		324		23,785
Crown Castle ‡		344		31,985
Digital Realty Trust ‡		225		27,981
Equinix ‡		74		53,993
Equity Residential ‡		272		15,050
Essex Property Trust ‡		50		10,696
Extra Space Storage ‡		158		16,367
Federal Realty Investment Trust ‡		50		4,560
Healthpeak Properties ‡		462		7,184
Host Hotels & Resorts ‡		575		8,901
Invitation Homes ‡		428		12,707
Iron Mountain ‡		217		12,818
Kimco Realty ‡		479		8,593

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

317

Schedule of Investments	October 31, 2023
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Mid-America Apartment Communities ‡		96	$	11,342
ProLogis ‡		720		72,540
Public Storage ‡		119		28,407
Realty Income ‡		572		27,101
Regency Centers ‡		107		6,448
SBA Communications, Cl A ‡		90		18,777
Simon Property Group ‡		263		28,901
UDR ‡		245		7,794
Ventas ‡		314		13,332
VICI Properties, Cl A ‡		790		22,041
Welltower ‡		397		33,193
Weyerhaeuser ‡		580		16,640
				642,156
Utilities — 2.5%
AES		585		8,716
Alliant Energy		211		10,295
Ameren		216		16,353
American Electric Power		414		31,274
American Water Works		149		17,530
Atmos Energy		126		13,565
CenterPoint Energy		493		13,252
CMS Energy		217		11,792
Consolidated Edison		277		24,318
Constellation Energy		261		29,472
Dominion Energy		671		27,055
DTE Energy		159		15,324
Duke Energy		586		52,089
Edison International		277		17,468
Entergy		166		15,868
Evergy		177		8,698
Eversource Energy		278		14,954
Exelon		795		30,957
FirstEnergy		403		14,347
NextEra Energy		1,549		90,307
NiSource		344		8,655
NRG Energy		184		7,798
PG&E *		1,567		25,542
Pinnacle West Capital		97		7,195

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

318

Schedule of Investments	October 31, 2023
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Utilities — continued
PPL		544	$	13,366
Public Service Enterprise Group		400		24,660
Sempra		474		33,194
Southern		830		55,859
WEC Energy Group		254		20,673
Xcel Energy		439		26,019
				686,595
TOTAL UNITED STATES				27,190,149
TOTAL COMMON STOCK (Cost $27,283,512)				27,225,325
PURCHASED OPTIONS — 0.3% (Cost $176,446)				99,292
TOTAL INVESTMENTS — 100.8% (Cost $27,459,958)			$	27,324,617
WRITTEN OPTIONS— (1.0)% (Premiums Received  $(603,028))			$	(260,677	)

Percentages are based on Net Assets of $27,097,811.

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

319

Schedule of Investments	October 31, 2023
Global X S&P 500® Risk Managed Income ETF

A list of the exchange traded option contracts held by the Fund at October 31, 2023, is as follows:

Description	Number of Contracts			Notional Amount			Exercise Price		Expiration Date	Value
PURCHASED OPTIONS — 0.3%
Put Options
Mini-SPX Index		9		$	377,442		$	402	11/17/23	$	1,372
S&P 500 Index		64			26,840,320			4,025	11/17/23		97,920
Total Purchased Options				$	27,217,762					$	99,292
WRITTEN OPTIONS — (1.0)%
Call Options
Mini-SPX Index		(9	)	$	(377,442	)	$	424	11/17/23	$	(3,717	)
S&P 500 Index		(64	)		(26,840,320	)		4,240	11/17/23		(256,960	)
Total Written Options				$	(27,217,762	)				$	(260,677	)

*	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 Fair Value of the securities pledged as collateral is $27,224,647.

The following is a summary of the level of inputs used as of October 31, 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	$	27,225,325		$	—	$	—	$	27,225,325
Purchased Options		99,292			—		—		99,292
Total Investments in Securities	$	27,324,617		$	—	$	—	$	27,324,617
Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(260,677	)	$	—	$	—	$	(260,677	)
Total Other Financial Instruments	$	(260,677	)	$	—	$	—	$	(260,677	)

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.

320

Schedule of Investments	October 31, 2023
Global X S&P 500® Collar 95-110 ETF

Sector Weightings (Unaudited)†:

†  Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK(A) — 97.4%
CHINA — 0.1%
Information Technology — 0.1%
NXP Semiconductors		16	$	2,759
UNITED STATES — 97.3%
Communication Services — 8.5%
Alphabet, Cl A *		365		45,289
Alphabet, Cl C *		311		38,968
AT&T		450		6,930
Charter Communications, Cl A *		6		2,417
Comcast, Cl A		255		10,529
Electronic Arts		15		1,857
Fox, Cl A		18		547
Fox, Cl B		9		251
Interpublic Group		27		767
Live Nation Entertainment *		9		720
Match Group *		17		588
Meta Platforms, Cl A *		137		41,274
Netflix *		27		11,116
News, Cl A		27		558
News, Cl B		9		193

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

321

Schedule of Investments	October 31, 2023
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Omnicom Group		13	$	974
Paramount Global, Cl B		36		392
Take-Two Interactive Software *		10		1,338
T-Mobile US		34		4,891
Verizon Communications		262		9,204
Walt Disney *		111		9,057
Warner Bros Discovery *		142		1,411
				189,271
Consumer Discretionary — 10.2%
Airbnb, Cl A *		26		3,076
Amazon.com *		559		74,397
Aptiv *		17		1,482
AutoZone *		1		2,477
Bath & Body Works		7		208
Best Buy		11		735
Booking Holdings *		2		5,579
BorgWarner		9		332
Caesars Entertainment *		11		439
CarMax *		9		550
Carnival *		67		768
Chipotle Mexican Grill, Cl A *		2		3,884
Darden Restaurants		7		1,019
Domino’s Pizza		2		678
DR Horton		20		2,088
eBay		33		1,295
Etsy *		9		561
Expedia Group *		9		858
Ford Motor		253		2,467
Garmin		9		923
General Motors		83		2,341
Genuine Parts		9		1,160
Hasbro		9		406
Hilton Worldwide Holdings		16		2,424
Home Depot		62		17,651
Las Vegas Sands		22		1,044
Lennar, Cl A		15		1,600
LKQ		18		791
Lowe’s		37		7,051

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

322

Schedule of Investments	October 31, 2023
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Lululemon Athletica *		7	$	2,754
Marriott International, Cl A		15		2,828
McDonald’s		45		11,798
MGM Resorts International		20		698
Mohawk Industries *		4		321
NIKE, Cl B		77		7,913
Norwegian Cruise Line Holdings *		17		231
O’Reilly Automotive *		4		3,722
Pool		2		632
PulteGroup		11		809
Ralph Lauren, Cl A		3		338
Ross Stores		22		2,551
Royal Caribbean Cruises *		13		1,101
Starbucks		69		6,365
Tapestry		18		496
Tesla *		170		34,143
TJX		69		6,077
Tractor Supply		7		1,348
Ulta Beauty *		3		1,144
VF		18		265
Whirlpool		5		523
Wynn Resorts		4		351
Yum! Brands		18		2,175
				226,867
Consumer Staples — 6.4%
Altria Group		112		4,499
Archer-Daniels-Midland		30		2,147
Brown-Forman, Cl B		9		505
Bunge		10		1,060
Campbell Soup		11		445
Church & Dwight		12		1,091
Clorox		6		706
Coca-Cola		240		13,558
Colgate-Palmolive		48		3,606
Conagra Brands		25		684
Constellation Brands, Cl A		11		2,576
Costco Wholesale		27		14,916
Dollar General		12		1,428

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

323

Schedule of Investments	October 31, 2023
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Dollar Tree *		14	$	1,555
Estee Lauder, Cl A		13		1,675
General Mills		36		2,349
Hershey		9		1,686
Hormel Foods		18		586
J M Smucker		6		683
Kellanova		18		908
Kenvue		107		1,990
Keurig Dr Pepper		52		1,577
Kimberly-Clark		21		2,512
Kraft Heinz		49		1,542
Kroger		45		2,042
Lamb Weston Holdings		9		808
McCormick		13		831
Molson Coors Beverage, Cl B		13		751
Mondelez International, Cl A		84		5,562
Monster Beverage *		50		2,555
PepsiCo		86		14,042
Philip Morris International		97		8,649
Procter & Gamble		145		21,754
Sysco		31		2,061
Target		29		3,213
Tyson Foods, Cl A		18		834
Walgreens Boots Alliance		45		949
Walmart		87		14,217
				142,552
Energy — 4.4%
APA		13		516
Baker Hughes, Cl A		65		2,237
Chevron		109		15,885
ConocoPhillips		75		8,910
Coterra Energy		54		1,485
Devon Energy		40		1,863
Diamondback Energy		12		1,924
EOG Resources		37		4,671
EQT		27		1,144
Exxon Mobil		246		26,039
Halliburton		54		2,124

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

324

Schedule of Investments	October 31, 2023
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Hess		18	$	2,599
Kinder Morgan		122		1,977
Marathon Oil		36		983
Marathon Petroleum		24		3,630
Occidental Petroleum		40		2,472
ONEOK		36		2,347
Phillips 66		29		3,308
Pioneer Natural Resources		14		3,346
Schlumberger		87		4,843
Targa Resources		13		1,087
Valero Energy		21		2,667
Williams		79		2,718
				98,775
Financials — 12.4%
Aflac		30		2,343
Allstate		14		1,794
American Express		36		5,257
American International Group		42		2,575
Ameriprise Financial		6		1,887
Aon, Cl A		12		3,713
Arch Capital Group *		19		1,647
Arthur J Gallagher		14		3,297
Assurant		3		447
Bank of America		427		11,247
Bank of New York Mellon		47		1,998
Berkshire Hathaway, Cl B *		112		38,229
BlackRock, Cl A		9		5,511
Blackstone		43		3,971
Brown & Brown		17		1,180
Capital One Financial		24		2,431
Cboe Global Markets		7		1,147
Charles Schwab		90		4,684
Chubb		26		5,580
Cincinnati Financial		8		797
Citigroup		115		4,541
Citizens Financial Group		23		539
CME Group, Cl A		23		4,910
Comerica		3		118

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

325

Schedule of Investments	October 31, 2023
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Discover Financial Services		18	$	1,477
Everest Group		3		1,187
FactSet Research Systems		2		864
Fidelity National Information Services		40		1,964
Fifth Third Bancorp		45		1,067
Fiserv *		39		4,436
FleetCor Technologies *		5		1,126
Franklin Resources		20		456
Global Payments		18		1,912
Globe Life		6		698
Goldman Sachs Group		20		6,072
Hartford Financial Services Group		18		1,322
Huntington Bancshares		90		869
Intercontinental Exchange		37		3,975
Invesco		33		428
Jack Henry & Associates		3		423
JPMorgan Chase		179		24,892
KeyCorp		49		501
Loews		13		832
M&T Bank		12		1,353
MarketAxess Holdings		3		641
Marsh & McLennan		31		5,879
Mastercard, Cl A		51		19,194
MetLife		41		2,460
Moody’s		10		3,080
Morgan Stanley		78		5,524
MSCI, Cl A		5		2,358
Nasdaq		22		1,091
Northern Trust		13		857
PayPal Holdings *		69		3,574
PNC Financial Services Group		26		2,976
Principal Financial Group		11		745
Progressive		37		5,849
Prudential Financial		22		2,012
Raymond James Financial		11		1,050
Regions Financial		49		712
S&P Global		20		6,986
State Street		22		1,422
Synchrony Financial		28		785

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

326

Schedule of Investments	October 31, 2023
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
T Rowe Price Group		11	$	996
Travelers		13		2,177
Truist Financial		87		2,467
US Bancorp		88		2,805
Visa, Cl A		99		23,275
W R Berkley		12		809
Wells Fargo		230		9,147
Willis Towers Watson		6		1,415
Zions Bancorp		9		278
				276,261
Health Care — 12.8%
Abbott Laboratories		107		10,117
AbbVie		108		15,248
Agilent Technologies		17		1,757
Align Technology *		4		738
Amgen		33		8,438
Baxter International		33		1,070
Becton Dickinson		17		4,297
Biogen *		8		1,900
Bio-Rad Laboratories, Cl A *		1		275
Bio-Techne		13		710
Boston Scientific *		86		4,402
Bristol-Myers Squibb		127		6,544
Cardinal Health		13		1,183
Catalent *		10		344
Cencora		9		1,666
Centene *		30		2,070
Charles River Laboratories International *		3		505
Cigna Group		18		5,566
Cooper		3		935
CVS Health		80		5,521
Danaher		40		7,681
DaVita *		5		386
DENTSPLY SIRONA		19		578
Dexcom *		23		2,043
Edwards Lifesciences *		38		2,421
Elevance Health		15		6,751
Eli Lilly		49		27,143

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

327

Schedule of Investments	October 31, 2023
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
GE HealthCare Technologies		21	$	1,398
Gilead Sciences		78		6,126
HCA Healthcare		13		2,940
Henry Schein *		9		585
Hologic *		13		860
Humana		8		4,190
IDEXX Laboratories *		5		1,997
Illumina *		11		1,204
Incyte *		13		701
Insulet *		5		663
Intuitive Surgical *		22		5,769
IQVIA Holdings *		12		2,170
Johnson & Johnson		148		21,954
Laboratory Corp of America Holdings		6		1,198
McKesson		8		3,643
Medtronic		82		5,786
Merck		158		16,227
Mettler-Toledo International *		1		985
Moderna *		21		1,595
Molina Healthcare *		3		999
Pfizer		352		10,757
Quest Diagnostics		6		781
Regeneron Pharmaceuticals *		7		5,459
ResMed		9		1,271
Revvity		7		580
STERIS PLC		6		1,260
Stryker		21		5,675
Teleflex		4		739
Thermo Fisher Scientific		24		10,675
UnitedHealth Group		57		30,527
Universal Health Services, Cl B		4		504
Vertex Pharmaceuticals *		16		5,794
Viatris		69		614
Waters *		4		954
West Pharmaceutical Services		4		1,273
Zimmer Biomet Holdings		13		1,357
Zoetis, Cl A		28		4,396
				283,895

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

328

Schedule of Investments	October 31, 2023
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Industrials — 8.2%
3M		34	$	3,092
A O Smith		4		279
Alaska Air Group *		3		95
Allegion		6		590
American Airlines Group *		46		513
AMETEK		15		2,112
Automatic Data Processing		26		5,674
Axon Enterprise *		5		1,022
Boeing *		34		6,352
Broadridge Financial Solutions		8		1,365
Carrier Global		47		2,240
Caterpillar		32		7,234
Ceridian HCM Holding *		7		448
CH Robinson Worldwide		4		327
Cintas		5		2,536
Copart *		54		2,350
CSX		121		3,612
Cummins		8		1,730
Deere		17		6,211
Delta Air Lines		40		1,250
Dover		9		1,170
Eaton		25		5,198
Emerson Electric		36		3,203
Equifax		8		1,357
Expeditors International of Washington		9		983
Fastenal		36		2,100
FedEx		15		3,602
Fortive		24		1,567
Generac Holdings *		4		336
General Dynamics		14		3,378
General Electric		68		7,387
Honeywell International		42		7,697
Howmet Aerospace		27		1,191
Hubbell, Cl B		3		810
Huntington Ingalls Industries		2		440
IDEX		5		957
Illinois Tool Works		18		4,034
Ingersoll Rand		27		1,638
Jacobs Solutions		9		1,200

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

329

Schedule of Investments	October 31, 2023
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
JB Hunt Transport Services		4	$	687
Johnson Controls International		45		2,206
L3Harris Technologies		12		2,153
Leidos Holdings		9		892
Lockheed Martin		14		6,365
Masco		10		521
Nordson		4		850
Norfolk Southern		13		2,480
Northrop Grumman		9		4,243
Old Dominion Freight Line		6		2,260
Otis Worldwide		27		2,085
PACCAR		29		2,393
Parker-Hannifin		8		2,951
Paychex		19		2,110
Paycom Software		3		735
Pentair		9		523
Quanta Services		9		1,504
Republic Services, Cl A		13		1,930
Robert Half		9		673
Rockwell Automation		7		1,840
Rollins		16		602
RTX		91		7,407
Snap-On		4		1,032
Southwest Airlines		36		800
Stanley Black & Decker		9		765
Textron		13		988
Trane Technologies		14		2,664
TransDigm Group *		3		2,484
Union Pacific		38		7,889
United Airlines Holdings *		18		630
United Parcel Service, Cl B		44		6,215
United Rentals		4		1,625
Veralto *		13		920
Verisk Analytics, Cl A		8		1,819
Waste Management		22		3,615
Westinghouse Air Brake Technologies		13		1,378
WW Grainger		3		2,190
Xylem		15		1,403
				181,107

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

330

Schedule of Investments	October 31, 2023
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — 27.3%
Accenture, Cl A		39	$	11,586
Adobe *		28		14,898
Advanced Micro Devices *		100		9,850
Akamai Technologies *		7		723
Amphenol, Cl A		35		2,819
Analog Devices		32		5,035
ANSYS *		5		1,391
Apple		905		154,547
Applied Materials		51		6,750
Arista Networks *		16		3,206
Autodesk *		14		2,767
Broadcom		25		21,034
Cadence Design Systems *		16		3,838
CDW		7		1,403
Cisco Systems		254		13,241
Cognizant Technology Solutions, Cl A		33		2,127
Corning		45		1,204
Enphase Energy *		9		716
EPAM Systems *		4		870
F5 *		4		606
Fair Isaac *		2		1,692
First Solar *		7		997
Fortinet *		40		2,287
Gartner *		5		1,660
Gen Digital		36		600
Hewlett Packard Enterprise		81		1,246
HP		61		1,606
Intel		260		9,490
International Business Machines		57		8,244
Intuit		17		8,414
Juniper Networks		18		485
Keysight Technologies *		11		1,343
KLA		8		3,758
Lam Research		8		4,706
Microchip Technology		36		2,566
Micron Technology		69		4,614
Microsoft		458		154,854
Monolithic Power Systems		3		1,325
Motorola Solutions		11		3,063

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

331

Schedule of Investments	October 31, 2023
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
NetApp		12	$	873
NVIDIA		152		61,986
ON Semiconductor *		28		1,754
Oracle		96		9,926
Palo Alto Networks *		18		4,374
PTC *		7		983
Qorvo *		4		350
QUALCOMM		70		7,629
Roper Technologies		7		3,420
Salesforce *		61		12,251
Seagate Technology Holdings		15		1,024
ServiceNow *		13		7,564
Skyworks Solutions		9		781
SolarEdge Technologies *		4		304
Synopsys *		9		4,225
TE Connectivity		20		2,357
Teledyne Technologies *		3		1,124
Teradyne		9		749
Texas Instruments		57		8,095
Trimble *		18		848
Tyler Technologies *		2		746
VeriSign *		6		1,198
Western Digital *		18		723
Zebra Technologies, Cl A *		3		628
				605,473
Materials — 2.4%
Air Products & Chemicals		14		3,954
Albemarle		6		761
Amcor		71		631
Avery Dennison		5		870
Ball		16		770
Celanese, Cl A		7		802
CF Industries Holdings		10		798
Corteva		45		2,166
Dow		45		2,175
DuPont de Nemours		31		2,259
Eastman Chemical		9		673
Ecolab		15		2,516

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

332

Schedule of Investments	October 31, 2023
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
FMC		9	$	479
Freeport-McMoRan		87		2,939
International Flavors & Fragrances		18		1,230
International Paper		21		708
Linde		30		11,465
LyondellBasell Industries, Cl A		15		1,354
Martin Marietta Materials		4		1,636
Mosaic		22		715
Newmont		48		1,799
Nucor		15		2,217
Packaging Corp of America		6		918
PPG Industries		13		1,596
Sealed Air		9		277
Sherwin-Williams		15		3,573
Steel Dynamics		10		1,065
Vulcan Materials		9		1,768
Westrock		18		647
				52,761
Real Estate — 2.2%
Alexandria Real Estate Equities ‡		8		745
American Tower ‡		29		5,167
AvalonBay Communities ‡		8		1,326
Boston Properties ‡		5		268
Camden Property Trust ‡		4		339
CBRE Group, Cl A *		17		1,179
CoStar Group *		24		1,762
Crown Castle ‡		25		2,324
Digital Realty Trust ‡		18		2,238
Equinix ‡		6		4,378
Equity Residential ‡		22		1,217
Essex Property Trust ‡		4		856
Extra Space Storage ‡		14		1,450
Federal Realty Investment Trust ‡		3		274
Healthpeak Properties ‡		36		560
Host Hotels & Resorts ‡		45		697
Invitation Homes ‡		37		1,099
Iron Mountain ‡		18		1,063
Kimco Realty ‡		36		646

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

333

Schedule of Investments	October 31, 2023
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Mid-America Apartment Communities ‡		5	$	591
ProLogis ‡		58		5,843
Public Storage ‡		10		2,387
Realty Income ‡		40		1,895
Regency Centers ‡		9		542
SBA Communications, Cl A ‡		7		1,460
Simon Property Group ‡		20		2,198
UDR ‡		18		573
Ventas ‡		24		1,019
VICI Properties, Cl A ‡		64		1,786
Welltower ‡		32		2,676
Weyerhaeuser ‡		45		1,291
				49,849
Utilities — 2.5%
AES		46		685
Alliant Energy		18		878
Ameren		13		984
American Electric Power		33		2,493
American Water Works		12		1,412
Atmos Energy		7		754
CenterPoint Energy		33		887
CMS Energy		15		815
Consolidated Edison		22		1,931
Constellation Energy		19		2,145
Dominion Energy		53		2,137
DTE Energy		13		1,253
Duke Energy		47		4,178
Edison International		22		1,387
Entergy		14		1,338
Evergy		11		540
Eversource Energy		20		1,076
Exelon		61		2,375
FirstEnergy		36		1,282
NextEra Energy		124		7,229
NiSource		27		679
NRG Energy		18		763
PG&E *		126		2,054
Pinnacle West Capital		9		668

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

334

Schedule of Investments	October 31, 2023
Global X S&P 500® Collar 95-110 ETF

	Shares		Value
COMMON STOCK — continued
Utilities — continued
PPL		45	$	1,106
Public Service Enterprise Group		32		1,973
Sempra		40		2,801
Southern		69		4,644
WEC Energy Group		22		1,791
Xcel Energy		36		2,134
				54,392
TOTAL UNITED STATES				2,161,203
TOTAL COMMON STOCK (Cost $2,338,047)				2,163,962
PURCHASED OPTIONS — 2.4% (Cost $22,204)				53,635
TOTAL INVESTMENTS — 99.8% (Cost $2,360,251)			$	2,217,597
WRITTEN OPTIONS— (0.0)% (Premiums Received  $(2,498))			$	(103	)

Percentages are based on Net Assets of $2,221,163.

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

335

Schedule of Investments	October 31, 2023
Global X S&P 500® Collar 95-110 ETF

A list of the exchange traded option contracts held by the Fund at October 31, 2023, is as follows:

Description	Number of Contracts			Notional Amount			Exercise Price		Expiration Date	Value
PURCHASED OPTIONS — 2.4%
Put Options
Mini-SPX Index		1		$	41,938		$	424	12/15/23	$	1,060
S&P 500 Index		5			2,096,900			4,240	12/15/23		52,575
Total Purchased Options				$	2,138,838					$	53,635
WRITTEN OPTIONS — 0.0%
Call Options
Mini-SPX Index		(1	)	$	(41,938	)	$	491	12/15/23	$	(3	)
S&P 500 Index		(5	)		(2,096,900	)		4,910	12/15/23		(100	)
Total Written Options				$	(2,138,838	)				$	(103	)

* 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 Fair Value of the securities pledged as collateral is $2,159,037.

The following is a summary of the level of inputs used as of October 31, 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	$	2,163,962		$	—	$	—	$	2,163,962
Purchased Options		53,635			—		—		53,635
Total Investments in Securities	$	2,217,597		$	—	$	—	$	2,217,597
Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(103	)	$	—	$	—	$	(103	)
Total Other Financial Instruments	$	(103	)	$	—	$	—	$	(103	)

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.

336

Schedule of Investments		October 31, 2023
	Global X Disruptive Materials ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK — 99.9%
AUSTRALIA — 13.3%
Materials — 13.3%
Allkem *		35,331	$	213,409
IGO		35,624		214,502
Lynas Rare Earths *		56,221		250,955
Pilbara Minerals		131,602		305,799
Syrah Resources *		85,252		35,895
TOTAL AUSTRALIA				1,020,560
CANADA — 2.3%
Materials — 2.3%
HudBay Minerals		20,529		89,466
Lithium Americas *		7,433		49,848
Lithium Americas Argentina *		7,424		41,017
TOTAL CANADA				180,331
CHILE — 7.4%
Materials — 7.4%
Antofagasta		19,622		320,247
Lundin Mining		39,461		246,161
TOTAL CHILE				566,408
CHINA — 33.4%
Industrials — 6.3%
Eve Energy, Cl A		57,300		362,279
Fangda Carbon New Material, Cl A *		144,600		116,199
				478,478
Materials — 27.1%
China Nonferrous Mining		71,100		43,162

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

337

Schedule of Investments		October 31, 2023
	Global X Disruptive Materials ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
China Northern Rare Earth Group High-Tech, Cl A		118,200	$	336,470
China Rare Earth Resources And Technology, Cl A		34,900		142,461
GEM, Cl A		270,600		215,977
KBC, Cl A		6,439		68,819
MMG *		165,100		48,741
Nanjing Hanrui Cobalt, Cl A		13,600		56,515
Shenghe Resources Holding, Cl A		66,100		96,241
Sinofibers Technology, Cl A		18,900		80,367
South Manganese Investment *(A)		142,300		5,401
Tongling Nonferrous Metals Group, Cl A		452,500		191,673
Weihai Guangwei Composites, Cl A		47,160		164,693
Western Mining, Cl A		87,700		150,028
Xiangtan Electrochemical Scientific, Cl A		23,500		34,248
Yunnan Chihong Zinc&Germanium, Cl A		169,900		119,637
Zhejiang Huayou Cobalt, Cl A		65,830		329,865
				2,084,298
TOTAL CHINA				2,562,776
FRANCE — 0.4%
Materials — 0.4%
Eramet		487		33,588
GERMANY — 0.3%
Industrials — 0.3%
SGL Carbon *		3,606		22,088
INDONESIA — 1.3%
Materials — 1.3%
Nickel Industries		124,125		58,549
Vale Indonesia		126,842		39,526
TOTAL INDONESIA				98,075
JAPAN — 5.8%
Industrials — 0.3%
Nippon Carbon		823		23,993

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

338

Schedule of Investments		October 31, 2023
	Global X Disruptive Materials ETF

	Shares		Value
COMMON STOCK — continued
Materials — 5.5%
Nippon Denko		12,944	$	24,701
Sumitomo Metal Mining		11,226		312,515
Tokai Carbon		10,911		82,636
				419,852
TOTAL JAPAN				443,845
MEXICO — 4.2%
Materials — 4.2%
Southern Copper		4,545		322,241
NETHERLANDS — 0.6%
Materials — 0.6%
AMG Critical Materials		1,752		45,519
SOUTH AFRICA — 12.7%
Materials — 12.7%
African Rainbow Minerals		5,560		45,549
Anglo American		12,435		316,345
Anglo American Platinum		3,166		105,382
Impala Platinum Holdings		49,375		204,591
Northam Platinum Holdings		17,258		103,556
Sibanye Stillwater		160,123		204,137
TOTAL SOUTH AFRICA				979,560
SWEDEN — 4.2%
Materials — 4.2%
Boliden		12,481		319,212
UNITED STATES — 11.9%
Industrials — 0.5%
GrafTech International		11,758		40,565
Materials — 11.4%
Albemarle		2,029		257,237
Freeport-McMoRan		9,150		309,087
Livent *		11,417		166,574

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

339

Schedule of Investments		October 31, 2023
	Global X Disruptive Materials ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
MP Materials *		8,754	$	143,565
				876,463
TOTAL UNITED STATES				917,028
ZAMBIA — 2.1%
Materials — 2.1%
First Quantum Minerals		14,087		163,067
TOTAL COMMON STOCK (Cost $10,169,834)				7,674,298
TOTAL INVESTMENTS — 99.9% (Cost $10,169,834)			$	7,674,298

Percentages are based on Net Assets of $7,683,847.

*	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 October 31, 2023, in valuing the Fund’s investments carried at value:

Investments in Securities	Level 1		Level 2		Level 3(1)		Total
Common Stock	$	7,668,897	$	—	$	5,401	$	7,674,298
Total Investments in Securities	$	7,668,897	$	—	$	5,401	$	7,674,298

(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.

340

Schedule of Investments		October 31, 2023
	Global X Dow 30® Covered Call ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK(A) — 101.4%
UNITED STATES — 101.4%
Communication Services — 2.4%
Verizon Communications		15,967	$	560,921
Walt Disney *		15,967		1,302,747
				1,863,668
Consumer Discretionary — 13.1%
Home Depot		15,967		4,545,645
McDonald’s		15,967		4,186,068
NIKE, Cl B		15,967		1,640,929
				10,372,642
Consumer Staples — 7.9%
Coca-Cola		15,967		901,976
Procter & Gamble		15,967		2,395,529
Walgreens Boots Alliance		15,967		336,584
Walmart		15,967		2,609,168
				6,243,257
Energy — 2.9%
Chevron		15,967		2,326,871

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

341

Schedule of Investments		October 31, 2023
	Global X Dow 30® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — 20.0%
American Express		15,967	$	2,331,661
Goldman Sachs Group		15,967		4,847,741
JPMorgan Chase		15,967		2,220,371
Travelers		15,967		2,673,514
Visa, Cl A		15,967		3,753,842
				15,827,129
Health Care — 21.1%
Amgen		15,967		4,082,762
Johnson & Johnson		15,967		2,368,545
Merck		15,967		1,639,811
UnitedHealth Group		15,967		8,551,286
				16,642,404
Industrials — 13.9%
3M		15,967		1,452,199
Boeing *		15,967		2,982,955
Caterpillar		15,967		3,609,340
Honeywell International		15,967		2,926,112
				10,970,606
Information Technology — 19.1%
Apple		15,967		2,726,685
Cisco Systems		15,967		832,360
Intel		15,967		582,795
International Business Machines		15,967		2,309,467
Microsoft		15,967		5,398,602
Salesforce *		15,967		3,206,653
				15,056,562
Materials — 1.0%
Dow		15,967		771,845
TOTAL UNITED STATES				80,074,984
TOTAL COMMON STOCK (Cost $78,716,691)				80,074,984
TOTAL INVESTMENTS — 101.4% (Cost $78,716,691)			$	80,074,984

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

342

Schedule of Investments		October 31, 2023
	Global X Dow 30® Covered Call ETF

	Value
WRITTEN OPTIONS— (1.5)%
(Premiums Received  $(1,082,757))	$	(1,217,055	)

Percentages are based on Net Assets of $78,947,151.

A list of the exchange traded option contracts held by the Fund at October 31, 2023, is as follows:

Description	Number of Contracts			Notional Amount			Exercise Price		Expiration Date	Value
WRITTEN OPTIONS — (1.5)%
Call Options
Dow Jones Industrial Average		(2,422	)	$	(80,054,366	)	$	335	11/17/23	$	(1,217,055	)

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $80,074,984.

The following is a summary of the level of inputs used as of October 31, 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	$	80,074,984		$	—	$	—	$	80,074,984
Total Investments in Securities	$	80,074,984		$	—	$	—	$	80,074,984
Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(1,217,055	)	$	—	$	—	$	(1,217,055	)
Total Other Financial Instruments	$	(1,217,055	)	$	—	$	—	$	(1,217,055	)

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.

343

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call & Growth ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
EXCHANGE TRADED FUND(A) — 100.5%
Vanguard Russell 2000 ETF (B)		124,940	$	8,317,256
TOTAL EXCHANGE TRADED FUND (Cost $8,612,686)				8,317,256
TOTAL INVESTMENTS — 100.5% (Cost $8,612,686)			$	8,317,256
WRITTEN OPTIONS— (0.6)%
(Premiums Received  $(87,797))			$	(47,300	)

Percentages are based on Net Assets of $8,279,411.

A list of the exchange traded option contracts held by the Fund at October 31, 2023, is as follows:

Description	Number of Contracts			Notional Amount			Exercise Price		Expiration Date	Value
WRITTEN OPTIONS — (0.6)%
Call Options
Cboe Mini-Russell 2000 Index		(10	)	$	(166,228	)	$	170	11/17/23	$	(1,580	)
Russell 2000 Index		(24	)		(3,989,477	)		1,690	11/17/23		(45,720	)
Total Written Options				$	(4,155,705	)				$	(47,300	)

(A)	All or a portion of these securities has been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $3,673,199.
(B)	Affiliated investment.

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

344

Schedule of Investments	October 31, 2023
Global X Russell 2000 Covered Call & Growth ETF

The following is a summary of the level of inputs used as of October 31, 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	$	8,317,256		$	—	$	—	$	8,317,256
Total Investments in Securities	$	8,317,256		$	—	$	—	$	8,317,256
Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(47,300	)	$	—	$	—	$	(47,300	)
Total Other Financial Instruments	$	(47,300	)	$	—	$	—	$	(47,300	)

The following is a summary of the transactions with affiliates for the period ended October 31, 2023:

Value at 10/31/22	Purchases at Cost	Proceeds from Sales	Changes in Unrealized Appreciation (Depreciation)	Realized Gain (Loss)	Value at 10/31/23	Income		Capital Gains
Vanguard Russell 2000 ETF
$2,769,770	$7,165,398	($1,244,941)	($407,948)	$34,977	$8,317,256		$50,588	$	—

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.

345

Schedule of Investments	October 31, 2023
Global X Financials Covered Call & Growth ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
EXCHANGE TRADED FUND(A)— 54.4%
Financial Select Sector SPDR Fund		37,454	$	1,212,012
TOTAL EXCHANGE TRADED FUND (Cost $1,318,492)				1,212,012
COMMON STOCK — 45.9%
UNITED STATES — 45.9%
Financials — 45.9%
Aflac		124		9,686
Allstate		60		7,688
American Express		133		19,422
American International Group		163		9,994
Ameriprise Financial		23		7,235
Aon, Cl A		46		14,232
Arch Capital Group *		85		7,368
Arthur J Gallagher		49		11,539
Assurant		12		1,787
Bank of America		1,581		41,644
Bank of New York Mellon		178		7,565
Berkshire Hathaway, Cl B *		417		142,335
BlackRock, Cl A		32		19,593
Blackstone		161		14,868
Brown & Brown		53		3,679
Capital One Financial		88		8,914
Cboe Global Markets		24		3,933
Charles Schwab		341		17,746
Chubb		94		20,174
Cincinnati Financial		36		3,588
Citigroup		440		17,376
Citizens Financial Group		111		2,601

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

346

Schedule of Investments	October 31, 2023
Global X Financials Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
CME Group, Cl A		82	$	17,504
Comerica		29		1,143
Discover Financial Services		57		4,679
Everest Group		10		3,956
FactSet Research Systems		9		3,887
Fidelity National Information Services		136		6,679
Fifth Third Bancorp		155		3,675
Fiserv *		139		15,811
FleetCor Technologies *		17		3,828
Franklin Resources		64		1,459
Global Payments		60		6,373
Globe Life		20		2,327
Goldman Sachs Group		75		22,771
Hartford Financial Services Group		72		5,288
Huntington Bancshares		325		3,136
Intercontinental Exchange		129		13,860
Invesco		102		1,323
Jack Henry & Associates		16		2,256
JPMorgan Chase		665		92,475
KeyCorp		207		2,116
Loews		43		2,752
M&T Bank		39		4,397
MarketAxess Holdings		9		1,924
Marsh & McLennan		113		21,430
Mastercard, Cl A		190		71,506
MetLife		144		8,641
Moody’s		36		11,088
Morgan Stanley		292		20,679
MSCI, Cl A		18		8,488
Nasdaq		77		3,819
Northern Trust		47		3,098
PayPal Holdings *		251		13,002
PNC Financial Services Group		91		10,417
Principal Financial Group		51		3,452
Progressive		134		21,184
Prudential Financial		84		7,681
Raymond James Financial		44		4,199
Regions Financial		211		3,066
S&P Global		74		25,849

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

347

Schedule of Investments	October 31, 2023
Global X Financials Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
State Street		73	$	4,718
Synchrony Financial		98		2,749
T Rowe Price Group		51		4,615
Travelers		53		8,874
Truist Financial		306		8,678
US Bancorp		356		11,349
Visa, Cl A		367		86,282
W R Berkley		46		3,101
Wells Fargo		837		33,287
Willis Towers Watson		24		5,661
Zions Bancorp		34		1,049
TOTAL UNITED STATES				1,024,548
TOTAL COMMON STOCK (Cost $1,080,907)				1,024,548
TOTAL INVESTMENTS — 100.3% (Cost $2,399,399)			$	2,236,560
WRITTEN OPTIONS— (0.4)% (Premiums Received  $(26,765))			$	(8,281	)

Percentages are based on Net Assets of $2,229,779.

A list of the exchange traded option contracts held by the Fund at October 31, 2023, is as follows:

Description	Number of Contracts		Notional Amount		Exercise Price	Expiration Date		Value
WRITTEN OPTIONS — (0.4)%
Call Options
The Financial Select Sector SPDR® Fund	(345)	$	(1,116,420)	$	33	11/17/23	$	(8,281)

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $1,116,420.

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

348

Schedule of Investments	October 31, 2023
Global X Financials Covered Call & Growth ETF

The following is a summary of the level of inputs used as of October 31, 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	$	1,212,012	$	—		$	—	$	1,212,012
Common Stock		1,024,548		—			—		1,024,548
Total Investments in Securities	$	2,236,560	$	—		$	—	$	2,236,560
Other Financial Instruments	Level 1		Level 2			Level 3		Total
Written Options	$	—	$	(8,281	)	$	—	$	(8,281	)
Total Other Financial Instruments	$	—	$	(8,281	)	$	—	$	(8,281	)

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.

349

Schedule of Investments	October 31, 2023
Global X Health Care Covered Call & Growth ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
EXCHANGE TRADED FUND(A) — 55.0%
Health Care Select Sector SPDR Fund		11,387	$	1,418,137
TOTAL EXCHANGE TRADED FUND (Cost $1,530,663)				1,418,137
COMMON STOCK — 45.0%
UNITED STATES — 45.0%
Health Care — 45.0%
Abbott Laboratories		435		41,129
AbbVie		442		62,402
Agilent Technologies		74		7,649
Align Technology *		18		3,323
Amgen		134		34,264
Baxter International		122		3,957
Becton Dickinson		73		18,453
Biogen *		36		8,552
Bio-Rad Laboratories, Cl A *		5		1,377
Bio-Techne		40		2,185
Boston Scientific *		365		18,684
Bristol-Myers Squibb		526		27,105
Cardinal Health		66		6,006
Catalent *		44		1,513
Cencora		42		7,776
Centene *		135		9,312
Charles River Laboratories International *		13		2,189
Cigna Group		75		23,190
Cooper		12		3,741
CVS Health		318		21,945
Danaher		165		31,683
DaVita *		11		850

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

350

Schedule of Investments	October 31, 2023
Global X Health Care Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
DENTSPLY SIRONA		55	$	1,673
Dexcom *		99		8,794
Edwards Lifesciences *		154		9,813
Elevance Health		59		26,555
Eli Lilly		201		111,340
GE HealthCare Technologies		97		6,457
Gilead Sciences		315		24,740
HCA Healthcare		51		11,533
Henry Schein *		33		2,144
Hologic *		61		4,036
Humana		31		16,234
IDEXX Laboratories *		21		8,389
Illumina *		40		4,377
Incyte *		44		2,373
Insulet *		18		2,386
Intuitive Surgical *		88		23,075
IQVIA Holdings *		47		8,499
Johnson & Johnson		607		90,042
Laboratory Corp of America Holdings		22		4,394
McKesson		34		15,482
Medtronic		330		23,285
Merck		637		65,420
Mettler-Toledo International *		5		4,926
Moderna *		84		6,381
Molina Healthcare *		15		4,994
Pfizer		1,414		43,212
Quest Diagnostics		29		3,773
Regeneron Pharmaceuticals *		27		21,057
ResMed		36		5,084
Revvity		33		2,734
STERIS PLC		25		5,250
Stryker		84		22,699
Teleflex		11		2,032
Thermo Fisher Scientific		97		43,143
UnitedHealth Group		233		124,786
Universal Health Services, Cl B		16		2,014
Vertex Pharmaceuticals *		65		23,537
Viatris		298		2,652
Waters *		15		3,578

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

351

Schedule of Investments	October 31, 2023
Global X Health Care Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
West Pharmaceutical Services		18	$	5,729
Zimmer Biomet Holdings		52		5,429
Zoetis, Cl A		116		18,212
TOTAL UNITED STATES				1,159,548
TOTAL COMMON STOCK (Cost $1,260,380)				1,159,548
TOTAL INVESTMENTS — 100.0% (Cost $2,791,043)			$	2,577,685
WRITTEN OPTIONS— (0.1)% (Premiums Received  $(20,289))			$	(2,061	)

Percentages are based on Net Assets of $2,576,641.

A list of the exchange traded option contracts held by the Fund at October 31, 2023, is as follows:

Description	Number of Contracts		Notional Amount		Exercise Price	Expiration Date		Value
WRITTEN OPTIONS — (0.1)%
Call Options
The Health Care Select Sector SPDR® Fund	(103)	$	(1,282,762)	$	130	11/17/23	$	(2,061)

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $1,282,762.

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

352

Schedule of Investments	October 31, 2023
Global X Health Care Covered Call & Growth ETF

The following is a summary of the level of inputs used as of October 31, 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	$	1,418,137	$	—		$	—	$	1,418,137
Common Stock		1,159,548		—			—		1,159,548
Total Investments in Securities	$	2,577,685	$	—		$	—	$	2,577,685
Other Financial Instruments	Level 1		Level 2			Level 3		Total
Written Options	$	—	$	(2,061	)	$	—	$	(2,061	)
Total Other Financial Instruments	$	—	$	(2,061	)	$	—	$	(2,061	)

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.

353

Schedule of Investments	October 31, 2023
Global X Information Technology Covered Call & Growth ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
EXCHANGE TRADED FUND(A) — 54.5%
Technology Select Sector SPDR Fund		11,506	$	1,887,099
TOTAL EXCHANGE TRADED FUND (Cost $1,587,034)				1,887,099
COMMON STOCK — 45.8%
CHINA — 0.2%
Information Technology — 0.2%
NXP Semiconductors		51		8,794
UNITED STATES — 45.6%
Information Technology — 45.6%
Accenture, Cl A		126		37,433
Adobe *		91		48,417
Advanced Micro Devices *		323		31,816
Akamai Technologies *		30		3,100
Amphenol, Cl A		119		9,585
Analog Devices		100		15,733
ANSYS *		17		4,730
Apple		2,157		368,351
Applied Materials		168		22,235
Arista Networks *		51		10,219
Autodesk *		43		8,498
Broadcom		82		68,992
Cadence Design Systems *		54		12,952
CDW		27		5,411
Cisco Systems		811		42,277
Cognizant Technology Solutions, Cl A		100		6,447
Corning		153		4,094
Enphase Energy *		28		2,228
EPAM Systems *		12		2,611

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

354

Schedule of Investments	October 31, 2023
Global X Information Technology Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
F5 *		12	$	1,819
Fair Isaac *		5		4,229
First Solar *		21		2,991
Fortinet *		130		7,432
Gartner *		16		5,313
Gen Digital		118		1,966
Hewlett Packard Enterprise		257		3,953
HP		173		4,555
Intel		837		30,551
International Business Machines		182		26,325
Intuit		56		27,717
Juniper Networks		68		1,831
Keysight Technologies *		35		4,272
KLA		27		12,682
Lam Research		26		15,294
Microchip Technology		108		7,699
Micron Technology		219		14,645
Microsoft		1,150		388,827
Monolithic Power Systems		9		3,976
Motorola Solutions		33		9,189
NetApp		42		3,057
NVIDIA		165		67,287
ON Semiconductor *		88		5,512
Oracle		313		32,364
Palo Alto Networks *		61		14,824
PTC *		23		3,230
Qorvo *		19		1,661
QUALCOMM		223		24,305
Roper Technologies		21		10,260
Salesforce *		194		38,961
Seagate Technology Holdings		36		2,457
ServiceNow *		40		23,274
Skyworks Solutions		34		2,949
SolarEdge Technologies *		12		911
Synopsys *		30		14,083
TE Connectivity		62		7,307
Teledyne Technologies *		9		3,371
Teradyne		33		2,748
Texas Instruments		181		25,704

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

355

Schedule of Investments	October 31, 2023
Global X Information Technology Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Trimble *		51	$	2,404
Tyler Technologies *		8		2,983
VeriSign *		18		3,594
Western Digital *		67		2,690
Zebra Technologies, Cl A *		10		2,094
TOTAL UNITED STATES				1,578,425
TOTAL COMMON STOCK (Cost $1,343,374)				1,587,219
TOTAL INVESTMENTS — 100.3% (Cost $2,930,408)			$	3,474,318
WRITTEN OPTIONS— (0.4)% (Premiums Received  $(42,292))			$	(12,245	)

Percentages are based on Net Assets of $3,463,401.

A list of the exchange traded option contracts held by the Fund at October 31, 2023, is as follows:

Description	Number of Contracts		Notional Amount		Exercise Price		Expiration Date	Value
WRITTEN OPTIONS — (0.4)%
Call Options
The Technology Select Sector SPDR® Fund		(106)	$	(1,738,506)	$	169	11/17/23	$	(12,245)

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $1,738,506.

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

356

Schedule of Investments	October 31, 2023
Global X Information Technology Covered Call & Growth ETF

 The following is a summary of the level of inputs used as of October 31, 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	$	1,887,099	$	—		$	—	$	1,887,099
Common Stock		1,587,219		—			—		1,587,219
Total Investments in Securities	$	3,474,318	$	—		$	—	$	3,474,318
Other Financial Instruments	Level 1		Level 2			Level 3		Total
Written Options	$	—	$	(12,245	)	$	—	$	(12,245	)
Total Other Financial Instruments	$	—	$	(12,245	)	$	—	$	(12,245	)

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.

357

Schedule of Investments	October 31, 2023
Global X Nasdaq 100® ESG Covered Call ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK — 101.1%
BRAZIL — 0.5%
Consumer Discretionary — 0.5%
MercadoLibre *(A)		10	$	12,408
CHINA — 0.8%
Consumer Discretionary — 0.4%
JD.com ADR (A)		70		1,780
PDD Holdings ADR *(A)		79		8,012
				9,792
Information Technology — 0.4%
NXP Semiconductors (A)		59		10,173
TOTAL CHINA				19,965
NETHERLANDS — 0.7%
Information Technology — 0.7%
ASML Holding (A)		30		17,964

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

358

Schedule of Investments	October 31, 2023
Global X Nasdaq 100® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
UNITED KINGDOM — 0.3%
Health Care — 0.3%
AstraZeneca ADR (A)		116	$	7,335
UNITED STATES — 98.8%
Communication Services — 12.3%
Alphabet, Cl A *(A)		503		62,412
Alphabet, Cl C *(A)		492		61,648
Charter Communications, Cl A *(A)		26		10,473
Comcast, Cl A (A)		803		33,156
Electronic Arts (A)		82		10,151
Meta Platforms, Cl A *(A)		99		29,826
Netflix *(A)		121		49,814
Sirius XM Holdings (A)		1,050		4,494
T-Mobile US *(A)		206		29,635
Trade Desk, Cl A *		89		6,315
Warner Bros Discovery *		551		5,477
				303,401
Consumer Discretionary — 9.4%
Airbnb, Cl A *(A)		83		9,818
Amazon.com *(A)		525		69,872
Booking Holdings *(A)		9		25,106
eBay (A)		135		5,296
Lucid Group *(A)		493		2,031
Lululemon Athletica *(A)		32		12,591
Marriott International, Cl A (A)		64		12,068
O’Reilly Automotive *(A)		19		17,678
Ross Stores (A)		83		9,626
Starbucks (A)		199		18,356
Tesla *(A)		252		50,612
				233,054
Consumer Staples — 6.3%
Costco Wholesale (A)		84		46,405
Dollar Tree *(A)		61		6,776
Keurig Dr Pepper (A)		263		7,977
Kraft Heinz (A)		85		2,674
Mondelez International, Cl A (A)		277		18,340
Monster Beverage *(A)		128		6,541

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

359

Schedule of Investments	October 31, 2023
Global X Nasdaq 100® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
PepsiCo (A)		388	$	63,353
Walgreens Boots Alliance (A)		225		4,743
				156,809
Financials — 0.6%
PayPal Holdings *(A)		276		14,297
Health Care — 6.0%
Align Technology *(A)		18		3,323
Amgen (A)		111		28,383
Biogen *(A)		29		6,889
Dexcom *(A)		69		6,129
Gilead Sciences (A)		247		19,399
IDEXX Laboratories *(A)		20		7,989
Illumina *(A)		51		5,580
Intuitive Surgical *(A)		75		19,667
Moderna *(A)		71		5,393
Regeneron Pharmaceuticals *(A)		27		21,057
Seagen *(A)		29		6,171
Vertex Pharmaceuticals *(A)		52		18,830
				148,810
Industrials — 4.2%
Automatic Data Processing (A)		125		27,277
Cintas (A)		25		12,678
Copart *(A)		259		11,272
CSX (A)		414		12,358
Fastenal (A)		99		5,775
Old Dominion Freight Line (A)		29		10,923
PACCAR (A)		73		6,025
Paychex (A)		94		10,439
Verisk Analytics, Cl A (A)		34		7,730
				104,477
Information Technology — 59.4%
Adobe *(A)		141		75,020
Advanced Micro Devices *(A)		459		45,212
ANSYS *(A)		24		6,678
Apple (A)		1,909		326,000

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

360

Schedule of Investments	October 31, 2023
Global X Nasdaq 100® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Applied Materials (A)		263	$	34,808
Atlassian, Cl A *(A)		33		5,961
Autodesk *(A)		57		11,265
Broadcom (A)		95		79,930
Cadence Design Systems *(A)		88		21,107
Cisco Systems (A)		1,299		67,717
Cognizant Technology Solutions, Cl A (A)		143		9,219
Crowdstrike Holdings, Cl A *(A)		42		7,424
Datadog, Cl A *(A)		79		6,436
Enphase Energy *(A)		29		2,308
Fortinet *(A)		185		10,576
GLOBALFOUNDRIES *(A)		149		7,393
Intel (A)		1,021		37,267
Intuit (A)		76		37,616
KLA (A)		36		16,909
Lam Research (A)		40		23,529
Marvell Technology (A)		218		10,294
Microchip Technology (A)		50		3,565
Micron Technology (A)		270		18,055
Microsoft (A)		983		332,362
NVIDIA (A)		349		142,322
ON Semiconductor *(A)		84		5,262
Palo Alto Networks *(A)		92		22,358
QUALCOMM (A)		320		34,877
Synopsys *(A)		46		21,594
Texas Instruments (A)		204		28,970
Workday, Cl A *(A)		53		11,221
Zoom Video Communications, Cl A *(A)		60		3,599
Zscaler *(A)		30		4,761
				1,471,615
Real Estate — 0.3%
CoStar Group *(A)		82		6,020

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

361

Schedule of Investments	October 31, 2023
Global X Nasdaq 100® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Utilities — 0.3%
Exelon (A)		193	$	7,515
TOTAL UNITED STATES				2,445,998
TOTAL COMMON STOCK (Cost $2,384,383)				2,503,670
TOTAL INVESTMENTS — 101.1% (Cost $2,384,383)			$	2,503,670
WRITTEN OPTIONS— (1.2)% (Premiums Received  $(62,878))			$	(30,175	)

Percentages are based on Net Assets of $2,477,498.

A list of the exchange traded option contracts held by the Fund at October 31, 2023, is as follows:

Description	Number of Contracts			Notional Amount			Exercise Price		Expiration Date	Value
WRITTEN OPTIONS — (1.2)%
Call Options
Nasdaq-100		(1	)	$	(1,440,978	)	$	14,600	11/17/23	$	(18,640	)
Nasdaq-100® Reduced-Value Index		(3	)		(864,588	)		2,920	11/17/23		(11,535	)
Total Written Options				$	(2,305,566	)				$	(30,175	)

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $2,344,615.

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

362

Schedule of Investments	October 31, 2023
Global X Nasdaq 100® ESG Covered Call ETF

The following is a summary of the level of inputs used as of October 31, 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	$	2,503,670		$	—	$	—	$	2,503,670
Total Investments in Securities	$	2,503,670		$	—	$	—	$	2,503,670
Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(30,175	)	$	—	$	—	$	(30,175	)
Total Other Financial Instruments	$	(30,175	)	$	—	$	—	$	(30,175	)

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.

363

Schedule of Investments	October 31, 2023
Global X S&P 500® ESG Covered Call ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK(A) — 100.4%
CHINA — 0.2%
Information Technology — 0.2%
NXP Semiconductors		24	$	4,138
UNITED STATES — 100.2%
Communication Services — 8.7%
Alphabet, Cl A *		537		66,631
Alphabet, Cl C *		457		57,262
AT&T		636		9,794
Charter Communications, Cl A *		9		3,625
Comcast, Cl A		368		15,195
Electronic Arts		22		2,723
Fox, Cl A		26		790
Fox, Cl B		10		279
Interpublic Group		40		1,136
Match Group *		25		865
Netflix *		40		16,468
News, Cl A		32		662
News, Cl B		6		129
Omnicom Group		20		1,498
Paramount Global, Cl B		45		490

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

364

Schedule of Investments	October 31, 2023
Global X S&P 500® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Verizon Communications		377	$	13,244
Walt Disney		164		13,381
Warner Bros Discovery *		208		2,067
				206,239
Consumer Discretionary — 11.8%
Amazon.com *		822		109,400
Aptiv *		25		2,180
Best Buy		16		1,069
BorgWarner		20		738
Caesars Entertainment *		20		798
Darden Restaurants		10		1,455
eBay		48		1,883
Etsy *		13		810
Ford Motor		347		3,383
General Motors		127		3,581
Hasbro		10		452
Hilton Worldwide Holdings		24		3,637
Home Depot		91		25,907
Las Vegas Sands		30		1,424
Lowe’s		53		10,100
Marriott International, Cl A		22		4,148
McDonald’s		66		17,303
MGM Resorts International		23		803
Mohawk Industries *		6		482
NIKE, Cl B		110		11,305
Norwegian Cruise Line Holdings *		34		462
PulteGroup		20		1,472
Ralph Lauren, Cl A		5		563
Royal Caribbean Cruises *		20		1,695
Starbucks		102		9,408
Tapestry		20		551
Tesla *		250		50,210
TJX		102		8,983
Tractor Supply		10		1,926
VF		30		442
Whirlpool		6		627
Yum! Brands		24		2,901
				280,098

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

365

Schedule of Investments	October 31, 2023
Global X S&P 500® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — 6.5%
Archer-Daniels-Midland		49	$	3,507
Brown-Forman, Cl B		15		842
Campbell Soup		20		808
Coca-Cola		352		19,885
Colgate-Palmolive		75		5,634
Conagra Brands		40		1,094
Constellation Brands, Cl A		15		3,512
Dollar General		21		2,500
Dollar Tree *		20		2,222
Estee Lauder, Cl A		20		2,577
General Mills		56		3,654
Hershey		14		2,623
Hormel Foods		30		977
J M Smucker		10		1,138
Kellanova		26		1,312
Keurig Dr Pepper		91		2,760
Kraft Heinz		69		2,171
Kroger		60		2,722
McCormick		25		1,598
Molson Coors Beverage, Cl B		20		1,155
Mondelez International, Cl A		121		8,012
PepsiCo		125		20,410
Procter & Gamble		213		31,956
Sysco		46		3,059
Target		41		4,542
Tyson Foods, Cl A		24		1,112
Walgreens Boots Alliance		70		1,476
Walmart		129		21,080
				154,338
Energy — 4.0%
APA		30		1,192
Baker Hughes, Cl A		91		3,132
Chevron		160		23,317
ConocoPhillips		108		12,830
Devon Energy		58		2,701
EOG Resources		53		6,691
EQT		33		1,399
Halliburton		79		3,108

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

366

Schedule of Investments	October 31, 2023
Global X S&P 500® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Hess		25	$	3,610
Kinder Morgan		165		2,673
Marathon Oil		58		1,584
Marathon Petroleum		37		5,596
ONEOK		52		3,390
Phillips 66		39		4,449
Pioneer Natural Resources		22		5,258
Schlumberger		128		7,125
Valero Energy		33		4,191
Williams		110		3,784
				96,030
Financials — 12.2%
Aflac		50		3,905
Allstate		24		3,075
American Express		53		7,740
American International Group		67		4,108
Ameriprise Financial		9		2,831
Arch Capital Group *		35		3,034
Arthur J Gallagher		19		4,474
Assurant		6		893
Bank of America		626		16,489
Bank of New York Mellon		68		2,890
BlackRock, Cl A		13		7,960
Capital One Financial		35		3,545
Cboe Global Markets		10		1,639
Charles Schwab		136		7,077
Chubb		37		7,941
Citigroup		171		6,753
CME Group, Cl A		32		6,831
Discover Financial Services		23		1,888
Everest Group		4		1,582
FactSet Research Systems		3		1,296
Fidelity National Information Services		56		2,750
Fifth Third Bancorp		58		1,375
Franklin Resources		30		684
Globe Life		8		931
Goldman Sachs Group		30		9,108
Hartford Financial Services Group		26		1,910

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

367

Schedule of Investments	October 31, 2023
Global X S&P 500® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Intercontinental Exchange		51	$	5,479
Invesco		50		648
JPMorgan Chase		263		36,573
M&T Bank		16		1,804
MarketAxess Holdings		3		641
Mastercard, Cl A		75		28,226
MetLife		59		3,541
Moody’s		14		4,312
Morgan Stanley		116		8,215
MSCI, Cl A		7		3,301
Nasdaq		28		1,389
Northern Trust		20		1,318
PayPal Holdings *		97		5,025
PNC Financial Services Group		36		4,121
Principal Financial Group		19		1,286
Progressive		52		8,221
Prudential Financial		31		2,835
Raymond James Financial		15		1,432
Regions Financial		76		1,104
S&P Global		29		10,130
State Street		27		1,745
Synchrony Financial		39		1,094
T Rowe Price Group		21		1,900
Travelers		20		3,349
Truist Financial		119		3,375
Visa, Cl A		145		34,089
W R Berkley		20		1,348
Willis Towers Watson		10		2,359
				291,569
Health Care — 13.6%
Abbott Laboratories		157		14,844
AbbVie		160		22,589
Agilent Technologies		27		2,791
Amgen		48		12,274
Baxter International		50		1,621
Becton Dickinson		26		6,572
Biogen *		13		3,088
Bio-Rad Laboratories, Cl A *		2		551

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

368

Schedule of Investments	October 31, 2023
Global X S&P 500® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Boston Scientific *		130	$	6,655
Bristol-Myers Squibb		188		9,688
Cardinal Health		23		2,093
Cencora		15		2,777
Centene *		49		3,380
Cigna Group		27		8,348
CVS Health		116		8,005
DaVita *		5		386
Edwards Lifesciences *		57		3,632
Elevance Health		21		9,452
Eli Lilly		72		39,883
Gilead Sciences		114		8,954
Henry Schein *		11		715
Hologic *		21		1,390
Humana		11		5,761
IDEXX Laboratories *		7		2,796
Illumina *		13		1,422
Laboratory Corp of America Holdings		8		1,598
Medtronic		118		8,326
Merck		230		23,621
Mettler-Toledo International *		2		1,970
Moderna *		28		2,127
Pfizer		511		15,616
Quest Diagnostics		10		1,301
Regeneron Pharmaceuticals *		10		7,799
Teleflex		4		739
Thermo Fisher Scientific		35		15,567
UnitedHealth Group		84		44,987
Vertex Pharmaceuticals *		23		8,329
Viatris		120		1,068
Waters *		6		1,431
Zimmer Biomet Holdings		20		2,088
Zoetis, Cl A		42		6,594
				322,828
Industrials — 6.6%
Alaska Air Group *		10		316
American Airlines Group *		70		780
Automatic Data Processing		37		8,074

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

369

Schedule of Investments	October 31, 2023
Global X S&P 500® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Broadridge Financial Solutions		11	$	1,877
Carrier Global		76		3,622
Caterpillar		46		10,398
CH Robinson Worldwide		11		900
Cintas		8		4,057
CSX		178		5,313
Cummins		13		2,812
Deere		25		9,134
Dover		13		1,689
Eaton		35		7,277
Emerson Electric		50		4,449
Expeditors International of Washington		13		1,420
Fortive		31		2,024
Generac Holdings *		6		504
General Electric		97		10,537
IDEX		6		1,148
Illinois Tool Works		25		5,603
Ingersoll Rand		35		2,124
JB Hunt Transport Services		8		1,375
Johnson Controls International		62		3,039
Nordson		5		1,063
Norfolk Southern		20		3,816
Otis Worldwide		39		3,011
PACCAR		47		3,879
Parker-Hannifin		12		4,427
Paychex		30		3,332
Pentair		16		930
Quanta Services		13		2,173
Republic Services, Cl A		18		2,673
Robert Half		10		748
Rockwell Automation		11		2,891
Stanley Black & Decker		15		1,276
Trane Technologies		20		3,806
Union Pacific		55		11,419
United Parcel Service, Cl B		65		9,181
United Rentals		6		2,438
Verisk Analytics, Cl A		14		3,183
Waste Management		34		5,587
Westinghouse Air Brake Technologies		15		1,590

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

370

Schedule of Investments	October 31, 2023
Global X S&P 500® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Xylem		20	$	1,871
				157,766
Information Technology — 30.8%
Adobe *		41		21,814
Advanced Micro Devices *		145		14,282
Apple		1,330		227,124
Applied Materials		75		9,926
Arista Networks *		24		4,809
Autodesk *		19		3,755
Cisco Systems		369		19,236
Corning		71		1,900
F5 *		5		758
Fortinet *		62		3,544
Gen Digital		60		1,000
Hewlett Packard Enterprise		111		1,707
HP		75		1,975
Intel		374		13,651
Intuit		25		12,374
Juniper Networks		30		808
Keysight Technologies *		15		1,831
KLA		12		5,636
Lam Research		12		7,059
Micron Technology		100		6,687
Microsoft		672		227,210
Motorola Solutions		15		4,177
NVIDIA		223		90,939
ON Semiconductor *		41		2,568
QUALCOMM		100		10,899
Salesforce *		88		17,673
Seagate Technology Holdings		20		1,365
SolarEdge Technologies *		5		380
TE Connectivity		28		3,300
Texas Instruments		82		11,645
Tyler Technologies *		4		1,492
Zebra Technologies, Cl A *		5		1,047
				732,571

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

371

Schedule of Investments	October 31, 2023
Global X S&P 500® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Materials — 2.3%
Air Products & Chemicals		20	$	5,649
Albemarle		10		1,268
Amcor		150		1,333
Ball		30		1,444
CF Industries Holdings		16		1,276
Corteva		64		3,081
Dow		62		2,997
Ecolab		24		4,026
FMC		13		692
Freeport-McMoRan		131		4,425
International Flavors & Fragrances		22		1,504
International Paper		27		911
Linde		44		16,815
LyondellBasell Industries, Cl A		22		1,985
Mosaic		30		974
Newmont		72		2,698
PPG Industries		22		2,701
Westrock		21		755
				54,534
Real Estate — 2.3%
Alexandria Real Estate Equities ‡		13		1,211
American Tower ‡		41		7,306
AvalonBay Communities ‡		13		2,155
Boston Properties ‡		10		536
CBRE Group, Cl A *		30		2,080
Digital Realty Trust ‡		27		3,358
Equinix ‡		8		5,837
Equity Residential ‡		29		1,605
Essex Property Trust ‡		6		1,283
Extra Space Storage ‡		19		1,968
Federal Realty Investment Trust ‡		7		638
Healthpeak Properties ‡		45		700
Host Hotels & Resorts ‡		70		1,084
Iron Mountain ‡		25		1,477
Kimco Realty ‡		60		1,076
ProLogis ‡		84		8,463
Regency Centers ‡		15		904
SBA Communications, Cl A ‡		10		2,086

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

372

Schedule of Investments	October 31, 2023
Global X S&P 500® ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Simon Property Group ‡		30	$	3,297
UDR ‡		30		954
Ventas ‡		40		1,698
Welltower ‡		45		3,762
Weyerhaeuser ‡		63		1,807
				55,285
Utilities — 1.4%
American Water Works		17		2,000
CenterPoint Energy		58		1,559
Constellation Energy		28		3,162
Edison International		36		2,270
Entergy		20		1,912
Eversource Energy		30		1,614
Exelon		89		3,466
NextEra Energy		182		10,610
Public Service Enterprise Group		45		2,774
Sempra		55		3,852
				33,219
TOTAL UNITED STATES				2,384,477
TOTAL COMMON STOCK (Cost $2,359,418)				2,388,615
TOTAL INVESTMENTS — 100.4% (Cost $2,359,418)			$	2,388,615
WRITTEN OPTIONS— (0.6)% (Premiums Received  $(37,137))			$	(14,080	)
Percentages are based on Net Assets of $2,378,685.

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

373

Schedule of Investments	October 31, 2023
Global X S&P 500® ESG Covered Call ETF

A list of the exchange traded option contracts held by the Fund at October 31, 2023, is as follows:

Description	Number of Contracts			Notional Amount			Exercise Price		Expiration Date	Value
WRITTEN OPTIONS — (0.6)%
Call Options
S&P 500 ESG Index		(64	)	$	(2,385,152	)	$	380	11/17/23	$	(14,080	)

*	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 Fair Value of the securities pledged as collateral is $2,387,762.

The following is a summary of the level of inputs used as of October 31, 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	$	2,388,615		$	—	$	—	$	2,388,615
Total Investments in Securities	$	2,388,615		$	—	$	—	$	2,388,615
Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(14,080	)	$	—	$	—	$	(14,080	)
Total Other Financial Instruments	$	(14,080	)	$	—	$	—	$	(14,080	)

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.

374

Schedule of Investments October 31, 2023

Global X Dow 30^® Covered Call & Growth ETF

Sector Weightings (Unaudited)†:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK(A) — 100.5%
UNITED STATES — 100.5%
Communication Services — 2.3%
Verizon Communications		485	$	17,038
Walt Disney *		485		39,571
				56,609
Consumer Discretionary — 13.0%
Home Depot		485		138,075
McDonald’s		485		127,153
NIKE, Cl B		485		49,843
				315,071
Consumer Staples — 7.8%
Coca-Cola		485		27,398
Procter & Gamble		485		72,764
Walgreens Boots Alliance		485		10,224
Walmart		485		79,254
				189,640
Energy — 2.9%
Chevron		485		70,679

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

375

Schedule of Investments October 31, 2023

Global X Dow 30^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Financials — 19.9%
American Express		485	$	70,825
Goldman Sachs Group		485		147,251
JPMorgan Chase		485		67,444
Travelers		485		81,208
Visa, Cl A		485		114,023
				480,751
Health Care — 20.9%
Amgen		485		124,014
Johnson & Johnson		485		71,945
Merck		485		49,810
UnitedHealth Group		485		259,747
				505,516
Industrials — 13.8%
3M		485		44,111
Boeing *		485		90,608
Caterpillar		485		109,634
Honeywell International		485		88,881
				333,234
Information Technology — 18.9%
Apple		485		82,823
Cisco Systems		485		25,283
Intel		485		17,703
International Business Machines		485		70,150
Microsoft		485		163,983
Salesforce *		485		97,403
				457,345
Materials — 1.0%
Dow		485		23,445
TOTAL UNITED STATES				2,432,290
TOTAL COMMON STOCK (Cost $2,606,967)				2,432,290
TOTAL INVESTMENTS — 100.5% (Cost $2,606,967)			$	2,432,290

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

376

Schedule of Investments October 31, 2023

Global X Dow 30^® Covered Call & Growth ETF

	Value
WRITTEN OPTIONS— (0.7)%
(Premiums Received  $(16,246))	$	(18,090	)

Percentages are based on Net Assets of $2,420,486.

A list of the exchange traded option contracts held by the Fund at October 31, 2023, is as follows:

Description	Number of Contracts			Notional Amount			Exercise Price		Expiration Date	Value
WRITTEN OPTIONS — (0.7)%
Call Options
Dow Jones Industrial Average		(36	)	$	(1,189,908	)	$	335	11/17/23	$	(18,090	)

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $2,407,171.

The following is a summary of the level of inputs used as of October 31, 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	$	2,432,290		$	—	$	—	$	2,432,290
Total Investments in Securities	$	2,432,290		$	—	$	—	$	2,432,290
Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(18,090	)	$	—	$	—	$	(18,090	)
Total Other Financial Instruments	$	(18,090	)	$	—	$	—	$	(18,090	)

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.

377

Schedule of Investments October 31, 2023

Glossary (abbreviations used in preceding Schedule of Investments):

Fund Abbreviations

ADR — American Depositary Receipt

Cl — Class

ETF — Exchange-Traded Fund

GDR — Global Depositary Receipt

H15T7Y — Harmonized Index of Consumer Prices

ICE— Intercontinental Exchange

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

TSFR3M — Term Secured Overnight Financing Rate 3 Month

USD — U.S. Dollar

378

Statements of Assets and Liabilities

October 31, 2023

	Global X Lithium & Battery Tech ETF			Global X SuperDividend® ETF			Global X Social Media ETF			Global X Guru® Index ETF
Assets:
Cost of Investments	$	2,429,692,845		$	825,489,774		$	222,875,833		$	44,271,063
Cost of Repurchase Agreement		131,491,852			19,721,246			2,569,231			1,484,508
Cost/(Proceeds) of Foreign Currency		—			58			—			—
Investments, at Value	$	2,076,120,071	*	$	692,110,012	*	$	140,506,783	*	$	41,718,902	*
Repurchase Agreement, at Value		131,491,852			19,721,246			2,569,231			1,484,508
Cash		71,405,913			2,378,934			165,384			45,671
Foreign Currency, at Value		—			1,071			—			—
Receivable for Investment Securities Sold		354,563,668			155,093			12,168,392			—
Dividend, Interest, and Securities Lending Income Receivable		3,321,159			4,358,295			60,292			20,393
Receivable for Capital Shares Sold		350,653			—			—			—
Reclaim Receivable		38,809			677,683			5,427			129
Due from Broker		22,141			170,747			—			—
Total Assets		2,637,314,266			719,573,081			155,475,509			43,269,603
Liabilities:
Obligation to Return Securities Lending Collateral		131,491,852			19,721,246			2,569,231			1,484,508
Payable for Investment Securities Purchased		382,101,995			395			12,430,268			—
Payable for Capital Shares Redeemed		25,930,258			32,076			—			—
Payable due to Investment Adviser		1,511,323			324,457			78,638			27,638
Unrealized Depreciation on Spot Contracts		113,481			—			290			—
Custodian Fees Payable		23,591			52,787			86			209
Due to Broker		351,121			331,490			—			—
Total Liabilities		541,523,621			20,462,451			15,078,513			1,512,355
Net Assets	$	2,095,790,645		$	699,110,630		$	140,396,996		$	41,757,248
Net Assets Consist of:
Paid-in Capital	$	3,235,030,315		$	1,723,306,451		$	331,576,682		$	65,292,277
Total Accumulated Losses		(1,139,239,670	)		(1,024,195,821	)		(191,179,686	)		(23,535,029	)
Net Assets	$	2,095,790,645		$	699,110,630		$	140,396,996		$	41,757,248
Outstanding Shares of Beneficial Interest (unlimited authorization — no par value)		44,284,628			34,339,412			4,040,000			1,220,000
Net Asset Value, Offering and Redemption Price Per Share		$47.33			$20.36			$34.75			$34.23
*Includes Market Value of Securities on Loan	$	121,159,472		$	24,017,012		$	2,413,260		$	1,409,565

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

379

Statements of Assets and Liabilities

October 31, 2023

	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	$	176,926,434		$	643,935,242		$	2,701,136,440		$	6,367,480,382
Cost of Repurchase Agreement		—			2,069,902			—			—
Investments, at Value	$	156,657,100		$	588,611,486	*	$	2,828,176,324		$	7,609,048,544
Repurchase Agreement, at Value		—			2,069,902			—			—
Cash		307,810			432,773			4,000,227			13,180,626
Dividend, Interest, and Securities Lending Income Receivable		572,450			2,074,062			2,051,967			940,834
Receivable for Capital Shares Sold		—			2,031,119			—			—
Receivable for Investment Securities Sold		—			—			—			13,897,181
Reclaim Receivable		—			8,116			15,506			—
Due from Broker		63,218			407			52,550			321,512
Total Assets		157,600,578			595,227,865			2,834,296,574			7,637,388,697
Liabilities:
Obligation to Return Securities Lending Collateral		—			2,069,902			—			—
Payable due to Investment Adviser		67,822			222,240			1,448,340			3,909,402
Payable for Investment Securities Purchased		—			2,027,308			—			—
Payable for Capital Shares Redeemed		—			—			—			13,552,630
Options Written at Value (Premiums received $–, $–, $63,027,174 and $216,504,359, respectively)		—			—			27,077,160			98,419,200
Custodian Fees Payable		2,608			6,059			8,613			242,850
Due to Broker		40,049			2,856			556,633			51,216
Total Liabilities		110,479			4,328,365			29,090,746			116,175,298
Net Assets	$	157,490,099		$	590,899,500		$	2,805,205,828		$	7,521,213,399
Net Assets Consist of:
Paid-in Capital	$	284,334,931		$	844,322,305		$	2,915,763,059		$	7,975,843,042
Total Accumulated Losses		(126,844,832	)		(253,422,805	)		(110,557,231	)		(454,629,643	)
Net Assets	$	157,490,099		$	590,899,500		$	2,805,205,828		$	7,521,213,399
Outstanding Shares of Beneficial Interest (unlimited authorization — no par value)		19,190,000			37,820,000			73,480,000			453,010,000
Net Asset Value, Offering and Redemption Price Per Share		$8.21			$15.62			$38.18			$16.60
*Includes Market Value of Securities on Loan	$	—		$	1,971,501		$	—		$	—

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

380

Statements of Assets and Liabilities

October 31, 2023

	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
Assets:
Cost of Investments	$	46,739,175		$	290,244,144		$	82,952,995		$	599,700,496
Cost of Repurchase Agreement		402,998			—			1,283,867			—
Cost/(Proceeds) of Foreign Currency		31,089			—			—			—
Investments, at Value	$	41,224,436	*	$	217,417,038		$	43,680,768	*	$	670,883,108
Repurchase Agreement, at Value		402,998			—			1,283,867			—
Cash		32,501			226,618			100,635			583,408
Foreign Currency, at Value		31,488			42			—			—
Dividend, Interest, and Securities Lending Income Receivable		351,936			583,074			71,825			493,266
Receivable for Capital Shares Sold		19,242			—			—			—
Reclaim Receivable		14,690			186,217			103,368			3,808
Receivable for Investment Securities Sold		—			1,759,640			—			—
Due from Broker		5,466			5,750			17,761			6,695
Total Assets		42,082,757			220,178,379			45,258,224			671,970,285
Liabilities:
Obligation to Return Securities Lending Collateral		402,998			—			1,283,867			—
Accrued Foreign Capital Gains Tax on Appreciated Securities		30,865			—			—			—
Payable due to Investment Adviser		23,281			108,863			25,367			168,912
Payable for Investment Securities Purchased		—			2,311,615			82,081			—
Unrealized Depreciation on Spot Contracts		—			1,339			395			—
Custodian Fees Payable		1,435			1,426			1,497			1
Due to Broker		50,277			102,024			68,330			4,179
Total Liabilities		508,856			2,525,267			1,461,537			173,092
Net Assets	$	41,573,901		$	217,653,112		$	43,796,687		$	671,797,193
Net Assets Consist of:
Paid-in Capital	$	77,113,779		$	548,800,109		$	95,928,270		$	609,678,097
Total Distributable Earnings (Accumulated Losses)		(35,539,878	)		(331,146,997	)		(52,131,583	)		62,119,096
Net Assets	$	41,573,901		$	217,653,112		$	43,796,687		$	671,797,193
Outstanding Shares of Beneficial Interest (unlimited authorization — no par value)		1,849,181			11,659,193			4,710,000			13,200,000
Net Asset Value, Offering and Redemption Price Per Share		$22.48			$18.67			$9.30			$50.89
*Includes Market Value of Securities on Loan	$	347,622		$	—		$	2,047,817		$	—

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

381

Statements of Assets and Liabilities

October 31, 2023

	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
Assets:
Cost of Investments	$	11,115,256		$	104,618,527		$	1,033,417,296		$	15,168,724
Cost of Repurchase Agreement		—			548,141			—			—
Cost of Affiliated Investments		—			—			526,119,573			—
Cost/(Proceeds) of Foreign Currency		5,805			—			—			303
Investments, at Value	$	10,025,228		$	62,028,706	*	$	934,283,680		$	14,426,030
Repurchase Agreement, at Value		—			548,141			—			—
Affiliated Investments, at Value		—			—			485,418,321			—
Cash		—			60,495			2,833,832			10,403
Foreign Currency, at Value		5,805			—			—			303
Reclaim Receivable		80,550			—			5,411			10,592
Dividend, Interest, and Securities Lending Income Receivable		38,027			22,632			275,930			32,701
Unrealized Appreciation on Spot Contracts		12			—			—			—
Receivable for Capital Shares Sold		—			3,372,669			—			517,876
Receivable for Investment Securities Sold		—			—			8,018,841			—
Due from Broker		—			—			510,561			—
Total Assets		10,149,622			66,032,643			1,431,346,576			14,997,905
Liabilities:
Obligation to Return Securities Lending Collateral		—			548,141			—			—
Payable due to Investment Adviser		4,769			25,647			696,515			4,226
Payable for Investment Securities Purchased		—			3,390,299			57,091			504,747
Payable for Capital Shares Redeemed		—			—			7,870,479			—
Options Written at Value (Premiums received $–, $–, $40,868,285 and $–, respectively)		—			—			16,253,460			—
Unrealized Depreciation on Spot Contracts		—			—			—			4,114
Cash Overdraft		62,679			—			—			—
Custodian Fees Payable		198			11			48,384			203
Due to Broker		—			—			382,902			—
Total Liabilities		67,646			3,964,098			25,308,831			513,290
Net Assets	$	10,081,976		$	62,068,545		$	1,406,037,745		$	14,484,615
Net Assets Consist of:
Paid-in Capital	$	13,564,748		$	130,973,949		$	1,695,453,884		$	15,526,363
Total Accumulated Losses		(3,482,772	)		(68,905,404	)		(289,416,139	)		(1,041,748	)
Net Assets	$	10,081,976		$	62,068,545		$	1,406,037,745		$	14,484,615
Outstanding Shares of Beneficial Interest (unlimited authorization — no par value)		790,000			3,660,002			87,330,000			560,000

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

382

Statements of Assets and Liabilities

October 31, 2023

	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
Net Asset Value, Offering and Redemption Price Per Share		$12.76		$16.96		$16.10		$25.87
*Includes Market Value of Securities on Loan	$	—	$	802,249	$	—	$	—

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

383

Statements of Assets and Liabilities

October 31, 2023

	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	$	98,833,475		$	64,851,213		$	4,041,201		$	1,498,224
Investments, at Value	$	102,738,327		$	61,228,118		$	2,390,224		$	1,360,975
Cash		161,741			45,371			4,188			1,534
Dividend, Interest, and Securities Lending Income Receivable		12,645			43,724			350			166
Reclaim Receivable		—			326			—			—
Due from Broker		—			13,775			—			—
Total Assets		102,912,713			61,331,314			2,394,762			1,362,675
Liabilities:
Options Written at Value (Premiums received $1,430,104, $682,499, $– and $–, respectively)		652,400			293,095			—			—
Payable due to Investment Adviser		53,439			30,881			1,342			296
Custodian Fees Payable		423			183			—			10
Due to Broker		27,764			821			—			—
Total Liabilities		734,026			324,980			1,342			306
Net Assets	$	102,178,687		$	61,006,334		$	2,393,420		$	1,362,369
Net Assets Consist of:
Paid-in Capital	$	105,976,408		$	63,273,856		$	5,957,335		$	1,892,681
Total Accumulated Losses		(3,797,721	)		(2,267,522	)		(3,563,915	)		(530,312	)
Net Assets	$	102,178,687		$	61,006,334		$	2,393,420		$	1,362,369
Outstanding Shares of Beneficial Interest (unlimited authorization — no par value)		3,920,000			2,340,000			119,871			60,000
Net Asset Value, Offering and Redemption Price Per Share		$26.07			$26.07			$19.97			$22.71

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

384

Statements of Assets and Liabilities

October 31, 2023

	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	$	11,966,739		$	2,283,522		$	2,570,779		$	27,459,958
Investments, at Value	$	11,953,875		$	2,109,741		$	2,418,932		$	27,324,617
Cash		22,714			2,996			3,169			28,805
Dividend, Interest, and Securities Lending Income Receivable		1,471			255			1,770			19,659
Reclaim Receivable		—			—			13			148
Total Assets		11,978,060			2,112,992			2,423,884			27,373,229
Liabilities:
Options Written at Value (Premiums received $337,034, $12,721, $– and $603,028, respectively)		158,680			291			—			260,677
Payable due to Investment Adviser		5,915			488			524			13,917
Custodian Fees Payable		745			179			12			824
Due to Broker		148			—			—			—
Total Liabilities		165,488			958			536			275,418
Net Assets	$	11,812,572		$	2,112,034		$	2,423,348		$	27,097,811
Net Assets Consist of:
Paid-in Capital	$	14,098,045		$	2,478,905		$	2,759,594		$	30,749,112
Total Accumulated Losses		(2,285,473	)		(366,871	)		(336,246	)		(3,651,301	)
Net Assets	$	11,812,572		$	2,112,034		$	2,423,348		$	27,097,811
Outstanding Shares of Beneficial Interest (unlimited authorization — no par value)		710,000			90,000			100,000			1,460,000
Net Asset Value, Offering and Redemption Price Per Share		$16.64			$23.47			$24.23			$18.56

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

385

Statements of Assets and Liabilities

October 31, 2023

	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	$	2,360,251		$	10,169,834		$	78,716,691		$	8,612,686
Investments, at Value	$	2,217,597		$	7,674,298		$	80,074,984		$	8,317,256
Cash		2,620			8,693			75,274			10,815
Dividend, Interest, and Securities Lending Income Receivable		1,597			3,657			56,003			—
Reclaim Receivable		12			1,343			—			—
Receivable for Capital Shares Sold		—			—			—			1,118,851
Receivable for Investment Securities Sold		—			—			—			7,578
Total Assets		2,221,826			7,687,991			80,206,261			9,454,500
Liabilities:
Payable due to Investment Adviser		478			4,090			40,962			1,638
Options Written at Value (Premiums received $2,498, $–, $1,082,757 and $87,797, respectively)		103			—			1,217,055			47,300
Payable for Investment Securities Purchased		—			—			—			1,125,361
Custodian Fees Payable		82			54			217			—
Due to Broker		—			—			876			790
Total Liabilities		663			4,144			1,259,110			1,175,089
Net Assets	$	2,221,163		$	7,683,847		$	78,947,151		$	8,279,411
Net Assets Consist of:
Paid-in Capital	$	2,526,617		$	11,282,867		$	79,241,435		$	8,609,242
Total Accumulated Losses		(305,454	)		(3,599,020	)		(294,284	)		(329,831	)
Net Assets	$	2,221,163		$	7,683,847		$	78,947,151		$	8,279,411
Outstanding Shares of Beneficial Interest (unlimited authorization — no par value)		90,000			540,000			3,780,000			370,000
Net Asset Value, Offering and Redemption Price Per Share		$24.68			$14.23			$20.89			$22.38

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

386

Statements of Assets and Liabilities

October 31, 2023

	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	$	2,399,399		$	2,791,043		$	2,930,408	$	2,384,383
Investments, at Value	$	2,236,560		$	2,577,685		$	3,474,318	$	2,503,670
Cash		1,704			1,536			2,550		4,987
Dividend, Interest, and Securities Lending Income Receivable		966			1,614			365		300
Reclaim Receivable		5			—			33		—
Total Assets		2,239,235			2,580,835			3,477,266		2,508,957
Liabilities:
Options Written at Value (Premiums received $26,765, $20,289, $42,292 and $62,878, respectively)		8,281			2,061			12,245		30,175
Payable due to Investment Adviser		1,043			1,225			1,620		1,284
Due to Broker		132			908			—		—
Total Liabilities		9,456			4,194			13,865		31,459
Net Assets	$	2,229,779		$	2,576,641		$	3,463,401	$	2,477,498
Net Assets Consist of:
Paid-in Capital	$	2,445,667		$	2,767,218		$	3,079,828	$	2,446,000
Total Distributable Earnings (Accumulated Losses)		(215,888	)		(190,577	)		383,573		31,498
Net Assets	$	2,229,779		$	2,576,641		$	3,463,401	$	2,477,498
Outstanding Shares of Beneficial Interest (unlimited authorization — no par value)		100,000			110,000			120,000		100,000
Net Asset Value, Offering and Redemption Price Per Share		$22.30			$23.42			$28.86		$24.77

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

387

Statements of Assets and Liabilities

October 31, 2023

	Global X S&P 500® ESG Covered Call ETF			Global X Dow 30® Covered Call & Growth ETF
Assets:
Cost of Investments	$	2,359,418		$	2,606,967
Investments, at Value	$	2,388,615		$	2,432,290
Cash		3,403			5,837
Dividend, Interest, and Securities Lending Income Receivable		1,976			1,697
Reclaim Receivable		1			—
Total Assets		2,393,995			2,439,824
Liabilities:
Options Written at Value (Premiums received $37,137 and $16,246, respectively)		14,080			18,090
Payable due to Investment Adviser		1,230			1,248
Total Liabilities		15,310			19,338
Net Assets	$	2,378,685		$	2,420,486
Net Assets Consist of:
Paid-in Capital	$	2,378,687		$	2,567,169
Total Accumulated Losses		(2	)		(146,683	)
Net Assets	$	2,378,685		$	2,420,486
Outstanding Shares of Beneficial Interest (unlimited authorization — no par value)		100,000			100,000
Net Asset Value, Offering and Redemption Price Per Share		$23.79			$24.20

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

388

Statements of Operations

For the year ended October 31, 2023

	Global X Lithium & Battery Tech ETF			Global X SuperDividend® ETF			Global X Social Media ETF			Global X Guru® Index ETF
Investment Income:
Dividend Income	$	49,186,672		$	75,338,317		$	1,591,545		$	485,134
Interest Income		268,854			(136,447	)		8,958			2,306
Security Lending Income		6,972,879			903,532			57,300			33,242
Less: Foreign Taxes Withheld		(1,839,085	)		(2,896,228	)		(42,192	)		(4,733	)
Total Investment Income		54,589,320			73,209,174			1,615,611			515,949
Expenses:
Supervision and Administration Fees(1)		24,454,335			4,350,528			888,954			352,098
Custodian Fees(2)		23,750			113,541			121			274
Total Expenses		24,478,085			4,464,069			889,075			352,372
Waiver of Supervision and Administration Fees		–			(78,019	)		–			–
Net Expenses		24,478,085			4,386,050			889,075			352,372
Net Investment Income		30,111,235			68,823,124			726,536			163,577
Net Realized Gain (Loss) on:
Investments(3)		(290,277,677	)		(173,559,042	)		(23,499,453	)		(2,729,202	)
Foreign Currency Transactions		(612,790	)		(4,459,488	)		(4,846	)		–
Net Realized Gain (Loss)		(290,890,467	)		(178,018,530	)		(23,504,299	)		(2,729,202	)
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		(678,200,172	)		101,221,370			64,248,486			3,924,121
Foreign Currency Translations		(97,496	)		338,455			(774	)		–
Net Change in Unrealized Appreciation (Depreciation)		(678,297,668	)		101,559,825			64,247,712			3,924,121
Net Realized and Unrealized Gain (Loss)		(969,188,135	)		(76,458,705	)		40,743,413			1,194,919
Net Increase (Decrease) in Net Assets Resulting from Operations	$	(939,076,900	)	$	(7,635,581	)	$	41,469,949		$	1,358,496

(1)	The Supervision and Administration fees includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in 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.

389

Statements of Operations

For the year ended October 31, 2023

	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	$	13,406,088		$	27,602,355		$	42,442,402		$	65,567,203
Interest Income		17,549			58,520			325,859			1,102,275
Security Lending Income		76,683			77,336			—			—
Less: Foreign Taxes Withheld		—			—			6,549			(144,025	)
Total Investment Income		13,500,320			27,738,211			42,774,810			66,525,453
Expenses:
Supervision and Administration Fees(1)		1,011,603			2,858,686			15,335,780			43,691,990
Custodian Fees(2)		6,557			28,693			46,161			436,725
Total Expenses		1,018,160			2,887,379			15,381,941			44,128,715
Net Investment Income		12,482,160			24,850,832			27,392,869			22,396,738
Net Realized Gain (Loss) on:
Investments(3)		(35,344,694	)		(40,314,161	)		(57,958,335	)		(57,160,584	)
Purchased Options		—			—			—			(934,152,667	)
Written Options		—			—			(175,722,132	)		—
Net Realized Gain (Loss)		(35,344,694	)		(40,314,161	)		(233,680,467	)		(991,313,251	)
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		4,801,453			(69,852,699	)		259,046,874			1,823,568,738
Written Options		—			—			81,655,711			150,126,300
Net Change in Unrealized Appreciation (Depreciation)		4,801,453			(69,852,699	)		340,702,585			1,973,695,038
Net Realized and Unrealized Gain (Loss)		(30,543,241	)		(110,166,860	)		107,022,118			982,381,787
Net Increase (Decrease) in Net Assets Resulting from Operations	$	(18,061,081	)	$	(85,316,028	)	$	134,414,987		$	1,004,778,525

(1)	The Supervision and Administration fees includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in 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.

390

Statements of Operations

For the year ended October 31, 2023

	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	$	4,400,096		$	18,523,942		$	1,290,417		$	9,954,937
Interest Income		4,577			15,051			170,895			27,202
Security Lending Income		1,291			24,967			36,419			—
Less: Foreign Taxes Withheld		(575,581	)		(1,176,180	)		(185,316	)		(2,850	)
Total Investment Income		3,830,383			17,387,780			1,312,415			9,979,289
Expenses:
Supervision and Administration Fees(1)		279,717			1,554,093			464,410			1,840,714
Custodian Fees(2)		12,333			17,575			2,541			464
Total Expenses		292,050			1,571,668			466,951			1,841,178
Net Investment Income		3,538,333			15,816,112			845,464			8,138,111
Net Realized Gain (Loss) on:
Investments(3)		(7,338,740	)		(30,499,082	)		(9,830,336	)		11,684,291
Foreign Currency Transactions		(66,954	)		(92,701	)		(31,875	)		—
Foreign Capital Gains Tax		8,991			—			—			—
Net Realized Gain (Loss)		(7,396,703	)		(30,591,783	)		(9,862,211	)		11,684,291
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		9,200,590			771,275			(10,204,271	)		30,978,489
Foreign Capital Gains Tax on Appreciated Securities		8,463			—			—			—
Foreign Currency Translations		(5,842	)		(1,679	)		5,416			—
Net Change in Unrealized Appreciation (Depreciation)		9,203,211			769,596			(10,198,855	)		30,978,489
Net Realized and Unrealized Gain (Loss)		1,806,508			(29,822,187	)		(20,061,066	)		42,662,780
Net Increase (Decrease) in Net Assets Resulting from Operations	$	5,344,841		$	(14,006,075	)	$	(19,215,602	)	$	50,800,891

(1)	The Supervision and Administration fees includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in 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.

391

Statements of Operations

For the year ended October 31, 2023

	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	$	779,100		$	231,921		$	15,737,084		$	429,323
Dividend Income, from Affiliated Investments		—			—			7,451,586			—
Interest Income		397			773			171,768			752
Security Lending Income		—			13,600			—			—
Less: Foreign Taxes Withheld		(78,764	)		(2,054	)		(18,707	)		(43,600	)
Total Investment Income		700,733			244,240			23,341,731			386,475
Expenses:
Supervision and Administration Fees(1)		60,962			255,544			8,700,301			42,850
Custodian Fees(2)		1,363			111			17,862			362
Total Expenses		62,325			255,655			8,718,163			43,212
Waiver of Supervision and Administration Fees		—			—			(467,311	)		—
Net Expenses		62,325			255,655			8,250,852			43,212
Net Investment Income (Loss)		638,408			(11,415	)		15,090,879			343,263
Net Realized Gain (Loss) on:
Investments(3)		(832,677	)		(17,233,339	)		6,051,309			(307,218	)
Affiliated Investments		—			—			715,197			—
Written Options		—			—			(76,518,146	)		—
Foreign Currency Transactions		(1,590	)		(7,470	)		—			(2,066	)
Net Realized Gain (Loss)		(834,267	)		(17,240,809	)		(69,751,640	)		(309,284	)
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		1,353,397			20,074,893			(99,044,198	)		257,671
Affiliated Investments		—			—			(44,524,279	)		—
Written Options		—			—			86,994,451			—
Foreign Currency Translations		3,863			—			—			(263	)
Net Change in Unrealized Appreciation (Depreciation)		1,357,260			20,074,893			(56,574,026	)		257,408
Net Realized and Unrealized Gain (Loss)		522,993			2,834,084			(126,325,666	)		(51,876	)
Net Increase (Decrease) in Net Assets Resulting from Operations	$	1,161,401		$	2,822,669		$	(111,234,787	)	$	291,387

(1)	The Supervision and Administration fees includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in 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.

392

Statements of Operations

For the year ended October 31, 2023

	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	$	688,067		$	879,847		$	23,075		$	13,369
Interest Income		6,287			2,871			110			35
Less: Foreign Taxes Withheld		(1,512	)		(232	)		(369	)		(29	)
Total Investment Income		692,842			882,486			22,816			13,375
Expenses:
Supervision and Administration Fees(1)		474,198			319,872			16,915			8,067
Custodian Fees(2)		1,785			—			101			10
Total Expenses		475,983			319,872			17,016			8,077
Net Investment Income		216,859			562,614			5,800			5,298
Net Realized Gain (Loss) on:
Investments(3)		(2,691,803	)		1,941,533			(305,927	)		(157,471	)
Purchased Options		—			(1,833,364	)		—			(108,252	)
Written Options		(4,759,944	)		—			—			—
Foreign Currency Transactions		—			—			(368	)		—
Net Realized Gain (Loss)		(7,451,747	)		108,169			(306,295	)		(265,723	)
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		19,273,168			2,061,163			738,242			494,524
Purchased Options		—			871,640			—			22,980
Written Options		937,738			—			—			—
Foreign Currency Translations		—			—			(2	)		—
Net Change in Unrealized Appreciation (Depreciation)		20,210,906			2,932,803			738,240			517,504
Net Realized and Unrealized Gain (Loss)		12,759,159			3,040,972			431,945			251,781
Net Increase in Net Assets Resulting from Operations	$	12,976,018		$	3,603,586		$	437,745		$	257,079

(1)	The Supervision and Administration fees includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in 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.

393

Statements of Operations

For the year ended October 31, 2023

	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	$	90,127		$	25,028		$	48,027		$	435,795
Interest Income		848			71			47			2,366
Less: Foreign Taxes Withheld		(199	)		(54	)		(14	)		(117	)
Total Investment Income		90,776			25,045			48,060			438,044
Expenses:
Supervision and Administration Fees(1)		59,521			14,950			15,762			156,122
Custodian Fees(2)		1,258			279			15			761
Total Expenses		60,779			15,229			15,777			156,883
Net Investment Income		29,997			9,816			32,283			281,161
Net Realized Gain (Loss) on:
Investments(3)		(1,055,959	)		(148,588	)		37,754			(1,170,122	)
Purchased Options		(1,039,839	)		(194,742	)		(156,985	)		(1,875,705	)
Written Options		(1,317,175	)		(336,034	)		—			(1,914,332	)
Net Realized Gain (Loss)		(3,412,973	)		(679,364	)		(119,231	)		(4,960,159	)
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		3,233,480			868,090			249,186			3,289,189
Purchased Options		82,077			52,485			42,973			150,599
Written Options		238,445			(38,825	)		—			928,959
Net Change in Unrealized Appreciation (Depreciation)		3,554,002			881,750			292,159			4,368,747
Net Realized and Unrealized Gain (Loss)		141,029			202,386			172,928			(591,412	)
Net Increase (Decrease) in Net Assets Resulting from Operations	$	171,026		$	212,202		$	205,211		$	(310,251	)

(1)	The Supervision and Administration fees includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in 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.

394

Statements of Operations

For the year ended October 31, 2023

	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	$	54,361		$	146,706		$	1,533,170		$	50,589
Interest Income		100			474			4			496
Less: Foreign Taxes Withheld		(15	)		(12,695	)		—			—
Total Investment Income		54,446			134,485			1,533,174			51,085
Expenses:
Supervision and Administration Fees(1)		18,014			32,635			426,787			19,007
Custodian Fees(2)		(40	)		233			717			4
Total Expenses		17,974			32,868			427,504			19,011
Waiver of Supervision and Administration Fees		—			—			—			(3,203	)
Net Expenses		17,974			32,868			427,504			15,808
Net Investment Income		36,472			101,617			1,105,670			35,277
Net Realized Gain (Loss) on:
Investments(3)		46,069			(859,911	)		904,467			34,977
Purchased Options		(324,007	)		—			—			58,285
Written Options		(9,885	)		—			(1,826,622	)		(113,636	)
Foreign Currency Transactions		—			(1,397	)		—			—
Net Realized Gain (Loss)		(287,823	)		(861,308	)		(922,155	)		(20,374	)
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		302,236			(1,250,525	)		(555,992	)		(407,948	)
Purchased Options		87,783			—			—			—
Written Options		(19,919	)		—			2,152,614			98,488
Foreign Currency Translations		—			47			—			2
Net Change in Unrealized Appreciation (Depreciation)		370,100			(1,250,478	)		1,596,622			(309,458	)
Net Realized and Unrealized Gain (Loss)		82,277			(2,111,786	)		674,467			(329,832	)
Net Increase (Decrease) in Net Assets Resulting from Operations	$	118,749		$	(2,010,169	)	$	1,780,137		$	(294,555	)

(1)	The Supervision and Administration fees includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in 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.

395

Statements of Operations

For the year ended October 31, 2023

	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	$	46,668		$	41,507		$	26,988		$	14,296
Interest Income		175			207			247			267
Less: Foreign Taxes Withheld		—			—			(25	)		(41	)
Total Investment Income		46,843			41,714			27,210			14,522
Expenses:
Supervision and Administration Fees(3)		13,353			14,682			16,835			10,681
Custodian Fees(4)		34			68			40			117
Total Expenses		13,387			14,750			16,875			10,798
Waiver of Supervision and Administration Fees		(1,234	)		(1,345	)		(1,541	)		—
Net Expenses		12,153			13,405			15,334			10,798
Net Investment Income		34,690			28,309			11,876			3,724
Net Realized Gain (Loss) on:
Investments(5)		(45,141	)		8,472			76,179			387,311
Purchased Options		(5,881	)		3,570			(71,239	)		47,797
Written Options		29,786			98,708			(40,979	)		(353,184	)
Net Realized Gain (Loss)		(21,236	)		110,750			(36,039	)		81,924
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		(162,839	)		(213,358	)		543,910			119,287
Written Options		18,484			18,228			30,047			32,703
Net Change in Unrealized Appreciation (Depreciation)		(144,355	)		(195,130	)		573,957			151,990
Net Realized and Unrealized Gain (Loss)		(165,591	)		(84,380	)		537,918			233,914
Net Increase (Decrease) in Net Assets Resulting from Operations	$	(130,901	)	$	(56,071	)	$	549,794		$	237,638

(1)	The Fund commenced operations on November 21, 2022.
(2)	The Fund commenced operations on February 21, 2023.
(3)	The Supervision and Administration fees includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in Notes to Financial Statements.)
(4)	See Note 2 in the Notes to Financial Statements.
(5)	Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)

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

396

Statements of Operations

For the year ended October 31, 2023

	Global X S&P 500® ESG Covered Call ETF(1)			Global X Dow 30® Covered Call & Growth ETF(2)
Investment Income:
Dividend Income	$	27,410		$	13,535
Interest Income		193			41
Less: Foreign Taxes Withheld		(7	)		—
Total Investment Income		27,596			13,576
Expenses:
Supervision and Administration Fees(3)		10,311			4,004
Custodian Fees(4)		14			6
Total Expenses		10,325			4,010
Net Investment Income		17,271			9,566
Net Realized Gain (Loss) on:
Investments(5)		151,452			(225	)
Purchased Options		82,789			26,362
Written Options		(258,808	)		3,701
Net Realized Gain (Loss)		(24,567	)		29,838
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		29,197			(174,677	)
Written Options		23,057			(1,844	)
Net Change in Unrealized Appreciation (Depreciation)		52,254			(176,521	)
Net Realized and Unrealized Gain (Loss)		27,687			(146,683	)
Net Increase (Decrease) in Net Assets Resulting from Operations	$	44,958		$	(137,117	)

(1)	The Fund commenced operations on February 21, 2023.
(2)	The Fund commenced operations on July 25, 2023.
(3)	The Supervision and Administration fees includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in Notes to Financial Statements.)
(4)	See Note 2 in the Notes to Financial Statements.
(5)	Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)

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

397

Statements of Changes in Net Assets

	Global X Lithium & Battery Tech ETF						Global X SuperDividend® ETF‡
	Year Ended October 31, 2023			Year Ended October 31, 2022			Year Ended October 31, 2023			Year Ended October 31, 2022
Operations:
Net Investment Income	$	30,111,235		$	16,046,131		$	68,823,124		$	60,797,461
Net Realized Gain (Loss)		(290,890,467	)		(90,735,668	)		(178,018,530	)		(161,604,111	)
Net Change in Unrealized Appreciation (Depreciation)		(678,297,668	)		(1,486,392,494	)		101,559,825			(229,713,972	)
Net Decrease in Net Assets Resulting from Operations		(939,076,900	)		(1,561,082,031	)		(7,635,581	)		(330,520,622	)
Distributions:		(38,976,032	)		(13,550,903	)		(71,554,165	)		(68,726,670	)
Return of Capital:		—			—			(17,865,200	)		(25,091,152	)
Capital Share Transactions:
Issued		18,655,425			987,083,874			134,701,260			193,866,024
Redeemed		(844,321,195	)		(888,340,328	)		(14,814,220	)		(23,680,516	)
Increase (Decrease) in Net Assets from Capital Share Transactions		(825,665,770	)		98,743,546			119,887,040			170,185,508
Total Increase (Decrease) in Net Assets		(1,803,718,702	)		(1,475,889,388	)		22,832,094			(254,152,936	)
Net Assets:
Beginning of Year		3,899,509,347			5,375,398,735			676,278,536			930,431,472
End of Year	$	2,095,790,645		$	3,899,509,347		$	699,110,630		$	676,278,536
Share Transactions:
Issued		270,000			11,480,000			5,620,000			6,286,667
Redeemed		(14,070,000	)		(12,420,000	)		(613,921	)		(796,667	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		(13,800,000	)		(940,000	)		5,006,079			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.

398

Statements of Changes in Net Assets

	Global X Social Media ETF						Global X Guru® Index ETF
	Year Ended October 31, 2023			Year Ended October 31, 2022			Year Ended October 31, 2023			Year Ended October 31, 2022
Operations:
Net Investment Income	$	726,536		$	147,637		$	163,577		$	9,277
Net Realized Gain (Loss)		(23,504,299	)		(59,049,029	)		(2,729,202	)		(10,085,129	)
Net Change in Unrealized Appreciation (Depreciation)		64,247,712			(148,544,746	)		3,924,121			(14,494,976	)
Net Increase (Decrease) in Net Assets Resulting from Operations		41,469,949			(207,446,138	)		1,358,496			(24,570,828	)
Distributions:		(696,865	)		—			(140,340	)		(14,584	)
Return of Capital:		—			(663,636	)		(13,339	)		(63,227	)
Capital Share Transactions:
Issued		50,133,051			4,148,772			—			2,097,530
Redeemed		(53,754,585	)		(94,686,332	)		(5,982,656	)		(6,769,839	)
Decrease in Net Assets from Capital Share Transactions		(3,621,534	)		(90,537,560	)		(5,982,656	)		(4,672,309	)
Total Increase (Decrease) in Net Assets		37,151,550			(298,647,334	)		(4,777,839	)		(29,320,948	)
Net Assets:
Beginning of Year		103,245,446			401,892,780			46,535,087			75,856,035
End of Year	$	140,396,996		$	103,245,446		$	41,757,248		$	46,535,087
Share Transactions:
Issued		1,400,000			130,000			—			50,000
Redeemed		(1,510,000	)		(2,540,000	)		(170,000	)		(170,000	)
Net Decrease in Shares Outstanding from Share Transactions		(110,000	)		(2,410,000	)		(170,000	)		(120,000	)

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

399

Statements of Changes in Net Assets

	Global X SuperIncome™ Preferred ETF						Global X SuperDividend® U.S. ETF
	Year Ended October 31, 2023			Year Ended October 31, 2022			Year Ended October 31, 2023			Year Ended October 31, 2022
Operations:
Net Investment Income	$	12,482,160		$	10,604,029		$	24,850,832		$	23,270,439
Net Realized Gain (Loss)		(35,344,694	)		(9,393,788	)		(40,314,161	)		64,409,036
Net Change in Unrealized Appreciation (Depreciation)		4,801,453			(32,526,988	)		(69,852,699	)		(82,329,930	)
Net Increase (Decrease) in Net Assets Resulting from Operations		(18,061,081	)		(31,316,747	)		(85,316,028	)		5,349,545
Distributions:		(12,843,440	)		(12,532,497	)		(32,670,182	)		(27,892,254	)
Return of Capital:		—			(653,473	)		(12,029,058	)		(13,969,909	)
Capital Share Transactions:
Issued		28,847,405			24,951,801			151,410,242			157,123,738
Redeemed		(35,612,035	)		(20,242,558	)		(114,359,782	)		(106,481,128	)
Increase (Decrease) in Net Assets from Capital Share Transactions		(6,764,630	)		4,709,243			37,050,460			50,642,610
Total Increase (Decrease) in Net Assets		(37,669,151	)		(39,793,474	)		(92,964,808	)		14,129,992
Net Assets:
Beginning of Year		195,159,250			234,952,724			683,864,308			669,734,316
End of Year	$	157,490,099		$	195,159,250		$	590,899,500		$	683,864,308
Share Transactions:
Issued		2,990,000			2,370,000			8,650,000			7,750,000
Redeemed		(3,980,000	)		(1,870,000	)		(6,490,000	)		(5,360,000	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		(990,000	)		500,000			2,160,000			2,390,000

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

400

Statements of Changes in Net Assets

	Global X S&P 500® Covered Call ETF						Global X NASDAQ 100® Covered Call ETF
	Year Ended October 31, 2023			Year Ended October 31, 2022			Year Ended October 31, 2023			Year Ended October 31, 2022
Operations:
Net Investment Income	$	27,392,869		$	14,116,473		$	22,396,738		$	16,191,726
Net Realized Gain (Loss)		(233,680,467	)		36,092,173			(991,313,251	)		375,062,659
Net Change in Unrealized Appreciation (Depreciation)		340,702,585			(253,367,614	)		1,973,695,038			(1,812,074,096	)
Net Increase (Decrease) in Net Assets Resulting from Operations		134,414,987			(203,158,968	)		1,004,778,525			(1,420,819,711	)
Distributions:		(8,585,958	)		(35,714,783	)		—			(211,906,795	)
Return of Capital:		(269,122,735	)		(133,893,882	)		(875,982,507	)		(642,111,562	)
Capital Share Transactions:
Issued		1,162,324,728			1,708,732,044			1,525,390,555			4,057,801,963
Redeemed		(148,370,274	)		(71,274,199	)		(530,621,484	)		(421,530,332	)
Increase in Net Assets from Capital Share Transactions		1,013,954,454			1,637,457,845			994,769,071			3,636,271,631
Total Increase in Net Assets		870,660,748			1,264,690,212			1,123,565,089			1,361,433,563
Net Assets:
Beginning of Year		1,934,545,080			669,854,868			6,397,648,310			5,036,214,747
End of Year	$	2,805,205,828		$	1,934,545,080		$	7,521,213,399		$	6,397,648,310
Share Transactions:
Issued		28,790,000			36,750,000			88,410,000			200,110,000
Redeemed		(3,670,000	)		(1,690,000	)		(31,540,000	)		(24,700,000	)
Net Increase in Shares Outstanding from Share Transactions		25,120,000			35,060,000			56,870,000			175,410,000

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

401

Statements of Changes in Net Assets

	Global X MSCI SuperDividend® Emerging Markets ETF‡						Global X SuperDividend® REIT ETF‡
	Year Ended October 31, 2023			Year Ended October 31, 2022			Year Ended October 31, 2023			Year Ended October 31, 2022
Operations:
Net Investment Income	$	3,538,333		$	3,889,079		$	15,816,112		$	16,107,768
Net Realized Gain (Loss)		(7,396,703	)		(15,697,196	)		(30,591,783	)		13,963,202
Net Change in Unrealized Appreciation (Depreciation)		9,203,211			(11,715,946	)		769,596			(114,883,784	)
Net Increase (Decrease) in Net Assets Resulting from Operations		5,344,841			(23,524,063	)		(14,006,075	)		(84,812,814	)
Distributions:		(3,319,170	)		(5,018,224	)		(13,547,728	)		(15,789,114	)
Return of Capital:		—			(1,057,591	)		(6,960,250	)		(9,960,386	)
Capital Share Transactions:
Issued		2,345,719			23,410,044			15,653,093			2,797,978
Redeemed		(1,965,623	)		(17,338,196	)		(50,140,564	)		(73,515,296	)
Increase (Decrease) in Net Assets from Capital Share Transactions		380,096			6,071,848			(34,487,471	)		(70,717,318	)
Total Increase (Decrease) in Net Assets		2,405,767			(23,528,030	)		(69,001,524	)		(181,279,632	)
Net Assets:
Beginning of Year		39,168,134			62,696,164			286,654,636			467,934,268
End of Year	$	41,573,901		$	39,168,134		$	217,653,112		$	286,654,636
Share Transactions:
Issued		96,667			720,000			740,000			113,333
Redeemed		(80,819	)		(743,333	)		(2,324,140	)		(2,750,000	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		15,848			(23,333	)		(1,584,140	)		(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.

402

Statements of Changes in Net Assets

	Global X Renewable Energy Producers ETF						Global X S&P 500® Catholic Values ETF
	Year Ended October 31, 2023			Year Ended October 31, 2022			Year Ended October 31, 2023			Year Ended October 31, 2022
Operations:
Net Investment Income	$	845,464		$	1,183,661		$	8,138,111		$	6,853,787
Net Realized Gain (Loss)		(9,862,211	)		939,711			11,684,291			21,294,231
Net Change in Unrealized Appreciation (Depreciation)		(10,198,855	)		(31,396,085	)		30,978,489			(137,525,098	)
Net Increase (Decrease) in Net Assets Resulting from Operations		(19,215,602	)		(29,272,713	)		50,800,891			(109,377,080	)
Distributions:		(839,231	)		(1,233,925	)		(7,699,184	)		(7,163,403	)
Capital Share Transactions:
Issued		2,633,738			31,092,956			119,238,821			145,015,222
Redeemed		(29,751,744	)		(56,593,086	)		(39,830,981	)		(73,172,445	)
Increase (Decrease) in Net Assets from Capital Share Transactions		(27,118,006	)		(25,500,130	)		79,407,840			71,842,777
Total Increase (Decrease) in Net Assets		(47,172,839	)		(56,006,768	)		122,509,547			(44,697,706	)
Net Assets:
Beginning of Year		90,969,526			146,976,294			549,287,646			593,985,352
End of Year	$	43,796,687		$	90,969,526		$	671,797,193		$	549,287,646
Share Transactions:
Issued		200,000			2,050,000			2,350,000			2,730,000
Redeemed		(2,460,000	)		(3,820,000	)		(790,000	)		(1,470,000	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		(2,260,000	)		(1,770,000	)		1,560,000			1,260,000

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

403

Statements of Changes in Net Assets

	Global X MSCI SuperDividend® EAFE ETF						Global X E-commerce ETF
	Year Ended October 31, 2023			Year Ended October 31, 2022			Year Ended October 31, 2023			Year Ended October 31, 2022
Operations:
Net Investment Income (Loss)	$	638,408		$	769,620		$	(11,415	)	$	362,843
Net Realized Gain (Loss)		(834,267	)		160,842			(17,240,809	)		(31,325,250	)
Net Change in Unrealized Appreciation (Depreciation)		1,357,260			(2,899,393	)		20,074,893			(50,085,062	)
Net Increase (Decrease) in Net Assets Resulting from Operations		1,161,401			(1,968,931	)		2,822,669			(81,047,469	)
Distributions:		(736,065	)		(742,260	)		—			(897,920	)
Return of Capital:		—			—			(42,666	)		(66,565	)
Capital Share Transactions:
Issued		3,052,141			135,570			33,960,916			21,458,714
Redeemed		(1,779,069	)		(3,098,512	)		(16,912,892	)		(94,957,434	)
Increase (Decrease) in Net Assets from Capital Share Transactions		1,273,072			(2,962,942	)		17,048,024			(73,498,720	)
Total Increase (Decrease) in Net Assets		1,698,408			(5,674,133	)		19,828,027			(155,510,674	)
Net Assets:
Beginning of Year		8,383,568			14,057,701			42,240,518			197,751,192
End of Year	$	10,081,976		$	8,383,568		$	62,068,545		$	42,240,518
Share Transactions:
Issued		220,000			10,000			1,830,000			1,000,000
Redeemed		(130,000	)		(210,000	)		(960,000	)		(4,550,000	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		90,000			(200,000	)		870,000			(3,550,000	)

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

404

Statements of Changes in Net Assets

	Global X Russell 2000 Covered Call ETF						Global X S&P Catholic Values Developed ex-U.S. ETF
	Year Ended October 31, 2023			Year Ended October 31, 2022			Year Ended October 31, 2023			Year Ended October 31, 2022
Operations:
Net Investment Income	$	15,090,879		$	9,603,123		$	343,263		$	150,316
Net Realized Gain (Loss)		(69,751,640	)		(76,256,194	)		(309,284	)		(113,203	)
Net Change in Unrealized Appreciation (Depreciation)		(56,574,026	)		(86,371,791	)		257,408			(1,701,489	)
Net Increase (Decrease) in Net Assets Resulting from Operations		(111,234,787	)		(153,024,862	)		291,387			(1,664,376	)
Distributions:		(2,455,329	)		(32,998,311	)		(253,178	)		(203,751	)
Return of Capital:		(170,194,451	)		(105,055,357	)		—			—
Capital Share Transactions:
Issued		488,673,691			1,143,457,691			8,854,084			3,196,433
Redeemed		(140,992,543	)		(64,583,797	)		—			—
Increase in Net Assets from Capital Share Transactions		347,681,148			1,078,873,894			8,854,084			3,196,433
Total Increase in Net Assets		63,796,581			787,795,364			8,892,293			1,328,306
Net Assets:
Beginning of Year		1,342,241,164			554,445,800			5,592,322			4,264,016
End of Year	$	1,406,037,745		$	1,342,241,164		$	14,484,615		$	5,592,322
Share Transactions:
Issued		26,620,000			49,770,000			320,000			110,000
Redeemed		(7,940,000	)		(3,140,000	)		—			—
Net Increase in Shares Outstanding from Share Transactions		18,680,000			46,630,000			320,000			110,000

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

405

Statements of Changes in Net Assets

	Global X Nasdaq 100® Covered Call & Growth ETF						Global X S&P 500® Covered Call & Growth ETF
	Year Ended October 31, 2023			Year Ended October 31, 2022			Year Ended October 31, 2023			Year Ended October 31, 2022
Operations:
Net Investment Income	$	216,859		$	131,719		$	562,614		$	357,976
Net Realized Gain (Loss)		(7,451,747	)		3,303,859			108,169			2,410,750
Net Change in Unrealized Appreciation (Depreciation)		20,210,906			(19,860,737	)		2,932,803			(7,710,275	)
Net Increase (Decrease) in Net Assets Resulting from Operations		12,976,018			(16,425,159	)		3,603,586			(4,941,549	)
Distributions:		—			(3,262,405	)		(376,487	)		(1,865,684	)
Return of Capital:		(4,776,529	)		(2,741,520	)		(2,498,448	)		(1,465,030	)
Capital Share Transactions:
Issued		38,046,832			55,565,131			37,732,859			28,875,885
Redeemed		(5,172,322	)		(16,702,729	)		(18,965,715	)		(14,111,207	)
Increase in Net Assets from Capital Share Transactions		32,874,510			38,862,402			18,767,144			14,764,678
Total Increase in Net Assets		41,073,999			16,433,318			19,495,795			6,492,415
Net Assets:
Beginning of Year		61,104,688			44,671,370			41,510,539			35,018,124
End of Year	$	102,178,687		$	61,104,688		$	61,006,334		$	41,510,539
Share Transactions:
Issued		1,430,000			1,900,000			1,400,000			1,020,000
Redeemed		(190,000	)		(570,000	)		(690,000	)		(490,000	)
Net Increase in Shares Outstanding from Share Transactions		1,240,000			1,330,000			710,000			530,000

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

406

Statements of Changes in Net Assets

	Global X Emerging Markets Internet & E-commerce ETF‡						Global X NASDAQ 100® Tail Risk ETF
	Year Ended October 31, 2023			Year Ended October 31, 2022			Year Ended October 31, 2023			Year Ended October 31, 2022
Operations:
Net Investment Income	$	5,800		$	4,302		$	5,298		$	5,325
Net Realized Gain (Loss)		(306,295	)		(1,482,571	)		(265,723	)		(64,066	)
Net Change in Unrealized Appreciation (Depreciation)		738,240			(927,019	)		517,504			(720,494	)
Net Increase (Decrease) in Net Assets Resulting from Operations		437,745			(2,405,288	)		257,079			(779,235	)
Distributions:		(5,946	)		—			(4,771	)		(66,715	)
Return of Capital:		(1,727	)		(9,979	)		—			—
Capital Share Transactions:
Issued		—			—			—			1,394,296
Redeemed		(2,821	)		(173,768	)		(797,923	)		(1,966,628	)
Decrease in Net Assets from Capital Share Transactions		(2,821	)		(173,768	)		(797,923	)		(572,332	)
Total Increase (Decrease) in Net Assets		427,251			(2,589,035	)		(545,615	)		(1,418,282	)
Net Assets:
Beginning of Year		1,966,169			4,555,204			1,907,984			3,326,266
End of Year	$	2,393,420		$	1,966,169		$	1,362,369		$	1,907,984
Share Transactions:
Issued		—			—			—			60,000
Redeemed		(129	)		(6,667	)		(40,000	)		(90,000	)
Net Decrease in Shares Outstanding from Share Transactions		(129	)		(6,667	)		(40,000	)		(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.

407

Statements of Changes in Net Assets

	Global X NASDAQ 100® Risk Managed Income ETF						Global X NASDAQ 100® Collar 95-110 ETF
	Year Ended October 31, 2023			Year Ended October 31, 2022			Year Ended October 31, 2023			Year Ended October 31, 2022
Operations:
Net Investment Income	$	29,997		$	20,521		$	9,816		$	6,905
Net Realized Gain (Loss)		(3,412,973	)		961,113			(679,364	)		509,677
Net Change in Unrealized Appreciation (Depreciation)		3,554,002			(3,382,166	)		881,750			(1,083,002	)
Net Increase (Decrease) in Net Assets Resulting from Operations		171,026			(2,400,532	)		212,202			(566,420	)
Distributions:		—			(128,024	)		(8,877	)		(57,957	)
Return of Capital:		(1,196,718	)		(869,114	)		—			—
Capital Share Transactions:
Issued		4,456,197			15,545,690			—			1,741,889
Redeemed		(2,337,483	)		(5,769,910	)		(1,171,831	)		(873,233	)
Increase (Decrease) in Net Assets from Capital Share Transactions		2,118,714			9,775,780			(1,171,831	)		868,656
Total Increase (Decrease) in Net Assets		1,093,022			6,378,110			(968,506	)		244,279
Net Assets:
Beginning of Year		10,719,550			4,341,440			3,080,540			2,836,261
End of Year	$	11,812,572		$	10,719,550		$	2,112,034		$	3,080,540
Share Transactions:
Issued		250,000			690,000			—			70,000
Redeemed		(130,000	)		(280,000	)		(50,000	)		(40,000	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		120,000			410,000			(50,000	)		30,000

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

408

Statements of Changes in Net Assets

	Global X S&P 500® Tail Risk ETF						Global X S&P 500® Risk Managed Income ETF
	Year Ended October 31, 2023			Year Ended October 31, 2022			Year Ended October 31, 2023			Year Ended October 31, 2022
Operations:
Net Investment Income	$	32,283		$	29,933		$	281,161		$	186,483
Net Realized Gain (Loss)		(119,231	)		1,502			(4,960,159	)		1,155,778
Net Change in Unrealized Appreciation (Depreciation)		292,159			(521,816	)		4,368,747			(4,212,097	)
Net Increase (Decrease) in Net Assets Resulting from Operations		205,211			(490,381	)		(310,251	)		(2,869,836	)
Distributions:		(32,745	)		(96,334	)		(41,006	)		(472,058	)
Return of Capital:		—			—			(3,063,982	)		(1,738,194	)
Capital Share Transactions:
Issued		—			—			8,369,780			30,428,544
Redeemed		(766,526	)		—			(2,490,395	)		(6,616,383	)
Increase (Decrease) in Net Assets from Capital Share Transactions		(766,526	)		—			5,879,385			23,812,161
Total Increase (Decrease) in Net Assets		(594,060	)		(586,715	)		2,464,146			18,732,073
Net Assets:
Beginning of Year		3,017,408			3,604,123			24,633,665			5,901,592
End of Year	$	2,423,348		$	3,017,408		$	27,097,811		$	24,633,665
Share Transactions:
Issued		—			—			410,000			1,240,000
Redeemed		(30,000	)		—			(120,000	)		(290,000	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		(30,000	)		—			290,000			950,000

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

409

Statements of Changes in Net Assets

	Global X S&P 500® Collar 95-110 ETF						Global X Disruptive Materials ETF
	Year Ended October 31, 2023			Year Ended October 31, 2022			Year Ended October 31, 2023			Period Ended October 31, 2022(1)
Operations:
Net Investment Income	$	36,472		$	33,909		$	101,617		$	81,482
Net Realized Gain (Loss)		(287,823	)		160,285			(861,308	)		(203,576	)
Net Change in Unrealized Appreciation (Depreciation)		370,100			(558,753	)		(1,250,478	)		(1,245,093	)
Net Increase (Decrease) in Net Assets Resulting from Operations		118,749			(364,559	)		(2,010,169	)		(1,367,187	)
Distributions:		(40,011	)		(70,908	)		(77,885	)		(47,516	)
Capital Share Transactions:
Issued		—			1,041,732			6,774,401			6,008,659
Redeemed		(1,772,256	)		—			(435,664	)		(1,160,792	)
Increase (Decrease) in Net Assets from Capital Share Transactions		(1,772,256	)		1,041,732			6,338,737			4,847,867
Total Increase (Decrease) in Net Assets		(1,693,518	)		606,265			4,250,683			3,433,164
Net Assets:
Beginning of Year		3,914,681			3,308,416			3,433,164			—
End of Year	$	2,221,163		$	3,914,681		$	7,683,847		$	3,433,164
Share Transactions:
Issued		—			40,000			370,000			240,000
Redeemed		(70,000	)		—			(20,000	)		(50,000	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		(70,000	)		40,000			350,000			190,000

(1) The Fund commenced operations on January 24, 2022.

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

410

Statements of Changes in Net Assets

	Global X Dow 30® Covered Call ETF						Global X Russell 2000 Covered Call & Growth ETF
	Year Ended October 31, 2023			Period Ended October 31, 2022(1)			Year Ended October 31, 2023			Period Ended October 31, 2022(2)
Operations:
Net Investment Income (Loss)	$	1,105,670		$	238,679		$	35,277		$	(908	)
Net Realized Gain (Loss)		(922,155	)		(596,124	)		(20,374	)		27,432
Net Change in Unrealized Appreciation (Depreciation)		1,596,622			(372,627	)		(309,458	)		54,527
Net Increase (Decrease) in Net Assets Resulting from Operations		1,780,137			(730,072	)		(294,555	)		81,051
Distributions:		(609,561	)		(734,788	)		(103,467	)		(12,860	)
Return of Capital:		(4,969,158	)		(1,115,840	)		(152,549	)		—
Capital Share Transactions:
Issued		40,828,893			55,565,290			6,907,493			2,590,000
Redeemed		(11,067,750	)		—			(735,702	)		—
Increase in Net Assets from Capital Share Transactions		29,761,143			55,565,290			6,171,791			2,590,000
Total Increase in Net Assets		25,962,561			52,984,590			5,621,220			2,658,191
Net Assets:
Beginning of Year		52,984,590			—			2,658,191			—
End of Year	$	78,947,151		$	52,984,590		$	8,279,411		$	2,658,191
Share Transactions:
Issued		1,870,000			2,420,000			300,000			100,000
Redeemed		(510,000	)		—			(30,000	)		—
Net Increase in Shares Outstanding from Share Transactions		1,360,000			2,420,000			270,000			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.

411

Statements of Changes in Net Assets

	Global X Financials Covered Call & Growth ETF			Global X Health Care Covered Call & Growth ETF
	Period Ended October 31, 2023(1)			Period Ended October 31, 2023(1)
Operations:
Net Investment Income	$	34,690		$	28,309
Net Realized Gain (Loss)		(21,236	)		110,750
Net Change in Unrealized Appreciation (Depreciation)		(144,355	)		(195,130	)
Net Decrease in Net Assets Resulting from Operations		(130,901	)		(56,071	)
Distributions:		(84,987	)		(122,360	)
Return of Capital:		(42,333	)		—
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		2,229,779			2,576,641
Net Assets:
Beginning of Period		—			—
End of Period	$	2,229,779		$	2,576,641
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.

412

Statements of Changes in Net Assets

	Global X Information Technology Covered Call & Growth ETF			Global X NASDAQ 100® ESG Covered Call ETF
	Period Ended October 31, 2023(1)			Period Ended October 31, 2023(2)
Operations:
Net Investment Income	$	11,876		$	3,724
Net Realized Gain (Loss)		(36,039	)		81,924
Net Change in Unrealized Appreciation (Depreciation)		573,957			151,990
Net Increase in Net Assets Resulting from Operations		549,794			237,638
Distributions:		(166,221	)		(206,140	)
Capital Share Transactions:
Issued		3,079,828			3,683,183
Redeemed		—			(1,237,183	)
Increase in Net Assets from Capital Share Transactions		3,079,828			2,446,000
Total Increase in Net Assets		3,463,401			2,477,498
Net Assets:
Beginning of Period		—			—
End of Period	$	3,463,401		$	2,477,498
Share Transactions:
Issued		120,000			150,000
Redeemed		—			(50,000	)
Net Increase in Shares Outstanding from Share Transactions		120,000			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.

413

Statements of Changes in Net Assets

	Global X S&P 500® ESG Covered Call ETF			Global X Dow 30® Covered Call & Growth ETF
	Period Ended October 31, 2023(1)			Period Ended October 31, 2023(2)
Operations:
Net Investment Income	$	17,271		$	9,566
Net Realized Gain (Loss)		(24,567	)		29,838
Net Change in Unrealized Appreciation (Depreciation)		52,254			(176,521	)
Net Increase (Decrease) in Net Assets Resulting from Operations		44,958			(137,117	)
Distributions:		(44,960	)		(9,566	)
Return of Capital:		(86,314	)		(13,830	)
Capital Share Transactions:
Issued		3,427,824			2,580,999
Redeemed		(962,823	)		—
Increase in Net Assets from Capital Share Transactions		2,465,001			2,580,999
Total Increase in Net Assets		2,378,685			2,420,486
Net Assets:
Beginning of Period		—			—
End of Period	$	2,378,685		$	2,420,486
Share Transactions:
Issued		140,000			100,000
Redeemed		(40,000	)		—
Net Increase in Shares Outstanding from Share Transactions		100,000			100,000

(1)	The Fund commenced operations on February 21, 2023.
(2)	The Fund commenced operations on July 25, 2023.

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

414

Page intentionally left blank.

415

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		67.13		0.58			(19.66	)		(19.08	)		(0.72	)		—		—
2022		91.07		0.26			(23.99	)		(23.73	)		(0.21	)		—		—
2021		42.86		0.12			48.21			48.33			(0.12	)		—		—
2020		25.04		0.40			17.86			18.26			(0.44	)		—		—
2019		30.32		0.48			(4.86	)		(4.38	)		(0.90	)		—		—
Global X SuperDividend® ETF
2023(1)		23.05		2.11			(2.02	)		0.09			(2.22	)		—		(0.56	)
2022(1)		39.03		2.31			(14.68	)		(12.37	)		(2.65	)		—		(0.96	)
2021(1)		31.83		2.82			7.38			10.20			(3.00	)		—		—
2020(1)		51.75		2.58			(19.02	)		(16.44	)		(3.12	)		—		(0.36	)
2019(1)		57.18		3.72			(4.41	)		(0.69	)		(4.14	)		—		(0.60	)
Global X Social Media ETF
2023		24.88		0.19			9.87			10.06			(0.19	)		—		—
2022		61.26		0.03			(36.29	)		(36.26	)		—			—		(0.12	)
2021		51.95		(0.31	)		9.62			9.31			—			—		—
2020		31.92		(0.11	)		20.14			20.03			—			—		—
2019		29.10		(0.10	)		2.92			2.82			—			—		—

* Per share data calculated using average shares method.

** Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

†† Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers.

(1) Per share amounts have been adjusted for a 1 for 3 reverse share split on December 19, 2022. (See Note 9 in the Notes to Financial Statements.)

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

The accompanying notes are an integral part of the financial statements.
416

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 (%)††
	(0.72	)		47.33		(28.63	)		2,095,791		0.75		0.92			19.76
	(0.21	)		67.13		(26.10	)		3,899,509		0.75		0.33			38.73
	(0.12	)		91.07		112.89			5,375,399		0.75		0.17			39.09
	(0.44	)		42.86		73.82			868,894		0.75		1.30			65.14
	(0.90	)		25.04		(14.61	)		455,124		0.75		1.75			35.28
	(2.78	)		20.36		(0.31	)		699,111		0.58		9.18			91.59
	(3.61	)		23.05		(33.80	)		676,279		0.61		7.39			91.10
	(3.00	)		39.03		32.21			930,431		0.58		6.98			82.37
	(3.48	)		31.83		(32.80	)		626,871		0.59		6.62			124.55
	(4.74	)		51.75		(1.02	)		932,111		0.59		7.03			56.85
	(0.19	)		34.75		40.40			140,397		0.65		0.53			29.09
	(0.12	)		24.88		(59.24	)		103,245		0.65		0.06			21.59
	—			61.26		17.94			401,893		0.65		(0.48	)		30.89
	—			51.95		62.75			225,999		0.65		(0.28	)		19.23
	—			31.92		9.69			121,289		0.65		(0.33	)		16.92

The accompanying notes are an integral part of the financial statements.
417

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		33.48		0.12		0.75			0.87			(0.11	)		—		(0.01	)
2022		50.24		0.01		(16.72	)		(16.71	)		(0.01	)		—		(0.04	)
2021		37.31		0.69		13.14			13.83			(0.90	)		—		—
2020		34.02		0.33		3.32			3.65			(0.34	)		—		(0.02	)
2019		30.09		0.12		4.02			4.14			(0.17	)		—		(0.04	)
Global X SuperIncome™ Preferred ETF
2023		9.67		0.60		(1.44	)		(0.84	)		(0.62	)		—		—
2022		11.94		0.54		(2.13	)		(1.59	)		(0.65	)		—		(0.03	)
2021		11.12		0.61		0.89			1.50			(0.68	)		—		—
2020		11.73		0.60		(0.53	)		0.07			(0.65	)		—		(0.03	)
2019		11.49		0.66		0.32			0.98			(0.73	)		—		(0.01	)
Global X SuperDividend® U.S. ETF
2023		19.18		0.69		(3.02	)		(2.33	)		(0.90	)		—		(0.33	)
2022		20.13		0.67		(0.41	)		0.26			(0.81	)		—		(0.40	)
2021		14.99		0.65		5.59			6.24			(0.99	)		—		(0.11	)
2020		23.34		0.62		(7.45	)		(6.83	)		(1.14	)		—		(0.38	)
2019		24.53		1.12		(0.56	)		0.56			(1.49	)		—		(0.26	)

* Per share data calculated using average shares method.

** Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

†† Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers.

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

The accompanying notes are an integral part of the financial statements.
418

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 (%)††
	(0.12	)		34.23		2.58			41,757		0.75		0.35		100.70
	(0.05	)		33.48		(33.28	)		46,535		0.75		0.02		111.39
	(0.90	)		50.24		37.43			75,856		0.75		1.47		121.91
	(0.36	)		37.31		10.84			55,961		0.75		0.96		124.90
	(0.21	)		34.02		13.90			56,134		0.75		0.38		126.44
	(0.62	)		8.21		(9.26	)		157,490		0.53		6.47		109.60
	(0.68	)		9.67		(13.81	)		195,159		0.58		5.04		39.39
	(0.68	)		11.94		13.71			234,953		0.58		5.13		98.47
	(0.68	)		11.12		0.81			184,015		0.58		5.47		67.65
	(0.74	)		11.73		8.87			201,092		0.58		5.72		55.98
	(1.23	)		15.62		(12.60	)		590,900		0.45		3.91		63.24
	(1.21	)		19.18		1.16			683,864		0.45		3.34		38.51
	(1.10	)		20.13		42.53			669,734		0.45		3.41		60.53
	(1.52	)		14.99		(30.12	)		412,110		0.45		3.50		93.44
	(1.75	)		23.34		2.61			544,884		0.46		4.83		60.00

The accompanying notes are an integral part of the financial statements.
419

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		40.00		0.43		2.13			2.56			(0.14	)		—			(4.24	)
2022		50.37		0.45		(5.50	)		(5.05	)		(1.05	)		(0.11	)		(4.16	)
2021		42.45		0.39		12.14			12.53			(4.61	)		—			—
2020		49.39		0.56		(4.17	)		(3.61	)		(0.58	)		—			(2.75	)
2019		48.56		0.56		3.30			3.86			(2.27	)		(0.39	)		(0.37	)
Global X NASDAQ 100® Covered Call ETF(1)
2023		16.15		0.05		2.44			2.49			—			—			(2.04	)
2022		22.82		0.05		(4.13	)		(4.08	)		(0.24	)		(0.50	)		(1.85	)
2021		20.65		0.02		4.73			4.75			(2.58	)		—			—
2020		23.10		0.06		(0.06	)		—			(0.06	)		—			(2.39	)
2019		23.45		0.06		1.95			2.01			(1.83	)		—			(0.53	)
Global X MSCI SuperDividend® Emerging Markets ETF
2023(4)		21.36		1.95		1.00			2.95			(1.83	)		—			—
2022(4)		33.78		1.67		(11.44	)		(9.77	)		(2.19	)		—			(0.46	)
2021(4)		28.59		3.06		4.35			7.41			(2.22	)		—			—
2020(4)		38.85		1.65		(9.51	)		(7.86	)		(1.98	)		—			(0.42	)
2019(4)		38.73		2.61		0.15			2.76			(2.64	)		—			—

* Per share data calculated using average shares method.

** Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

†† Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers.

(1) 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) 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.
420

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 (%)††
	(4.38	)		38.18		6.45			2,805,206		0.60			1.07		7.90
	(5.32	)		40.00		(10.72	)		1,934,545		0.60			1.00		15.60
	(4.61	)		50.37		30.67			669,855		0.60			0.80		4.84
	(3.33	)		42.45		(7.42	)		103,992		0.71	(2)		1.22		7.29
	(3.03	)		49.39		8.40			133,353		0.87	(2)		1.16		3.92
	(2.04	)		16.60		15.91			7,521,213		0.61			0.31		38.93
	(2.59	)		16.15		(19.18	)		6,397,648		0.60			0.25		31.11
	(2.58	)		22.82		23.89			5,036,215		0.60			0.11		19.99
	(2.45	)		20.65		0.21			1,325,642		0.67	(3)		0.27		27.87
	(2.36	)		23.10		9.39			768,036		0.85	(3)		0.26		11.82
	(1.83	)		22.48		13.77			41,574		0.68			8.22		87.06
	(2.65	)		21.36		(30.80	)		39,168		0.67			5.88		101.78
	(2.22	)		33.78		25.83			62,696		0.72			8.59		102.27
	(2.40	)		28.59		(21.01	)		20,007		0.67			5.04		93.04
	(2.64	)		38.85		7.14			17,489		0.66			6.51		66.65

The accompanying notes are an integral part of the financial statements.
421

Financial Highlights

Selected Per Share Data & Ratios

For a Share Outstanding Throughout the Period

	Net Asset Value, Beginning of Period ($)		Net Investment Income ($)*		Net Realized and Unrealized Gain (Loss) on Investments ($)			Total from Operations ($)			Distribution from Net Investment Income ($)			Distribution from Capital Gains ($)			Return of Capital ($)
Global X SuperDividend® REIT ETF
2023(1)		21.65		1.28		(2.60	)		(1.32	)		(1.10	)		—			(0.56	)
2022(1)		29.46		1.13		(7.14	)		(6.01	)		(1.10	)		—			(0.70	)
2021(1)		22.68		1.14		7.50			8.64			(1.23	)		—			(0.63	)
2020(1)		45.99		1.68		(22.23	)		(20.55	)		(2.58	)		—			(0.18	)
2019(1)		43.86		2.97		2.73			5.70			(3.57	)		—			—
Global X Renewable Energy Producers ETF
2023		13.05		0.15		(3.76	)		(3.61	)		(0.14	)		—			—
2022		16.82		0.15		(3.76	)		(3.61	)		(0.16	)		—			—
2021		14.87		0.23		2.05			2.28			(0.30	)		(0.03	)		—
2020		13.79		0.41		1.13			1.54			(0.46	)		—			—
2019		11.52		0.13		2.61			2.74			(0.47	)		—			—
Global X S&P 500® Catholic Values ETF
2023		47.19		0.65		3.68			4.33			(0.63	)		—			—
2022		57.22		0.61		(9.99	)		(9.38	)		(0.57	)		(0.08	)		—
2021		40.32		0.56		16.89			17.45			(0.55	)		—			—
2020		37.23		0.58		3.08			3.66			(0.55	)		(0.02	)		—
2019		33.59		0.58		3.92			4.50			(0.81	)		(0.05	)		—

*	Per share data calculated using average shares method.
**	Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.
††	Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers.
(1)	Per share amounts have been adjusted for a 1 for 3 reverse share split on December 19, 2022. (See Note 9 in the Notes to Financial Statements.)

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

The accompanying notes are an integral part of the financial statements.
422

Financial Highlights

Total from Distributions ($)			Net Asset Value, End of Period ($)		Total Return (%)**			Net Assets, End of Period ($)(000)		Ratio of Expenses to Average Net Assets (%)		Ratio of Net Investment Income to Average Net Assets (%)		Portfolio Turnover (%)††
	(1.66	)		18.67		(6.97	)		217,653		0.59		5.90		92.84
	(1.80	)		21.65		(21.21	)		286,655		0.59		4.36		82.67
	(1.86	)		29.46		38.84			467,934		0.58		3.99		59.44
	(2.76	)		22.68		(45.94	)		311,625		0.58		5.74		106.23
	(3.57	)		45.99		13.68			364,790		0.59		6.71		34.16
	(0.14	)		9.30		(27.93	)		43,797		0.65		1.18		12.68
	(0.16	)		13.05		(21.57	)		90,970		0.66		1.01		18.33
	(0.33	)		16.82		15.37			146,976		0.65		1.39		55.97
	(0.46	)		14.87		11.39			66,192		0.65		2.89		29.27
	(0.47	)		13.79		24.34			26,205		0.65		1.01		87.06
	(0.63	)		50.89		9.22			671,797		0.29		1.28		6.70
	(0.65	)		47.19		(16.53	)		549,288		0.29		1.17		6.79
	(0.55	)		57.22		43.54			593,985		0.29		1.09		8.29
	(0.57	)		40.32		9.89			379,053		0.29		1.51		5.55
	(0.86	)		37.23		13.86			275,511		0.29		1.66		8.54

The accompanying notes are an integral part of the financial statements.
423

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		11.98		0.78			0.92			1.70			(0.92	)		—			—
2022		15.62		1.00			(3.70	)		(2.70	)		(0.94	)		—			—
2021		11.44		0.79			4.10			4.89			(0.71	)		—			—
2020		16.11		0.56			(4.53	)		(3.97	)		(0.55	)		—			(0.15	)
2019		15.96		0.82			0.36			1.18			(1.03	)		—			—
Global X E-commerce ETF
2023		15.14		—			1.84			1.84			—			—			(0.02	)
2022		31.19		0.08			(15.97	)		(15.89	)		(0.05	)		(0.10	)		(0.01	)
2021		26.79		(0.04	)		4.70			4.66			(0.13	)		(0.13	)		—
2020		17.58		0.19			9.05			9.24			(0.03	)		—			—
2019(1)		15.00		(0.05	)		2.63			2.58			—			—			—
Global X Russell 2000 Covered Call ETF
2023		19.55		0.19			(1.47	)		(1.28	)		(0.03	)		—			(2.14	)
2022		25.18		0.19			(3.10	)		(2.91	)		(0.44	)		(0.31	)		(1.97	)
2021		20.45		0.13			7.50			7.63			(2.90	)		—			—
2020		25.24		0.12			(2.51	)		(2.39	)		(0.11	)		(0.17	)		(2.12	)
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 0.60%, 0.60%, 0.60%, 0.68% and 0.97% for the year ended October 31, 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.

424

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 (%)††
	(0.92	)		12.76		14.08			10,082		0.56			5.76			37.00
	(0.94	)		11.98		(18.12	)		8,384		0.57			6.89			34.00
	(0.71	)		15.62		43.05			14,058		0.55			5.12			88.53
	(0.70	)		11.44		(25.24	)		7,436		0.56			4.07			59.28
	(1.03	)		16.11		7.81			18,527		0.56			5.23			29.81
	(0.02	)		16.96		12.13			62,069		0.50			(0.02	)		26.67
	(0.16	)		15.14		(51.19	)		42,241		0.50			0.34			25.82
	(0.26	)		31.19		17.39			197,751		0.50			(0.11	)		14.64
	(0.03	)		26.79		52.67			91,083		0.50			0.75			42.01
	—			17.58		17.20			3,517		0.68	†		(0.32	)†		23.50
	(2.17	)		16.10		(7.18	)		1,406,038		0.57	(2)		1.04			19.24
	(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.

425

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 Catholic Values Developed ex-U.S. ETF
2023		23.30		0.77		2.39			3.16			(0.59	)		—			—
2022		32.80		0.77		(9.11	)		(8.34	)		(0.79	)		(0.37	)		—
2021		24.98		0.70		7.71			8.41			(0.59	)		—			—
2020(1)		25.05		0.19		(0.26	)		(0.07	)		—			—			—
Global X Nasdaq 100® Covered Call & Growth ETF
2023		22.80		0.07		4.73			4.80			—			—			(1.53	)
2022		33.09		0.06		(7.29	)		(7.23	)		(0.20	)		(1.60	)		(1.26	)
2021		26.27		0.02		8.56			8.58			(1.76	)		—			—
2020(3)		26.30		—		0.11			0.11			—			—			(0.14	)
Global X S&P 500® Covered Call & Growth ETF
2023		25.47		0.28		1.75			2.03			(0.19	)		—			(1.24	)
2022		31.83		0.27		(4.03	)		(3.76	)		(0.42	)		(1.10	)		(1.08	)
2021		24.69		0.22		8.29			8.51			(1.37	)		—			—
2020(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.

426

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 (%)††
	(0.59	)		25.87		13.45			14,485		0.35			2.80			13.64
	(1.16	)		23.30		(26.11	)		5,592		0.35			2.83			12.83
	(0.59	)		32.80		33.79			4,264		0.35			2.22			17.17
	—			24.98		(0.28	)		2,498		0.35	†		2.02	†		4.04
	(1.53	)		26.07		21.43			102,179		0.60			0.27			28.03
	(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
	(1.43	)		26.07		8.01			61,006		0.60			1.05			5.25
	(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.

427

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)		16.38		0.05			3.60			3.65			(0.05	)		—			(0.01	)
2022(1)		35.97		0.04			(19.55	)		(19.51	)		—			—			(0.08	)
2021(2)(1)		44.37		(0.21	)		(8.19	)		(8.40	)		—			—			—
Global X NASDAQ 100® Tail Risk ETF
2023		19.08		0.07			3.63			3.70			(0.07	)		—			—
2022		25.59		0.04			(6.03	)		(5.99	)		(0.03	)		(0.49	)		—
2021(3)		25.13		(0.01	)		0.47			0.46			—			—			—
Global X NASDAQ 100® Risk Managed Income ETF
2023		18.17		0.05			0.58			0.63			—			—			(2.16	)
2022		24.12		0.04			(4.04	)		(4.00	)		(0.25	)		—			(1.70	)
2021(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 0.60% and 0.61% for the year ended October 31, 2023 and October 31, 2022, respectively.

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

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

428

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	)		19.97		22.28			2,393		0.65			0.22			27.72
	(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
	(0.07	)		22.71		19.42			1,362		0.53			0.35			19.43
	(0.52	)		19.08		(23.90	)		1,908		0.61			0.19			13.88
	—			25.59		1.83			3,326		0.60	†		(0.12	)†		1.71
	(2.16	)		16.64		3.42			11,813		0.61	(4)		0.30			22.73
	(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.

429

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		22.00		0.08			1.46			1.54			(0.07	)		—			—
2022		25.78		0.04			(3.38	)		(3.34	)		(0.02	)		(0.42	)		—
2021(2)		25.27		(0.01	)		0.52			0.51			—			—			—
Global X S&P 500® Tail Risk ETF
2023		23.21		0.27			1.00			1.27			(0.25	)		—			—
2022		27.72		0.23			(4.00	)		(3.77	)		(0.16	)		(0.58	)		—
2021(2)		27.33		0.03			0.36			0.39			—			—			—
Global X S&P 500® Risk Managed Income ETF
2023		21.05		0.22			(0.29	)		(0.07	)		(0.03	)		—			(2.39	)
2022		26.83		0.23			(3.38	)		(3.15	)		(0.52	)		(0.07	)		(2.04	)
2021(2)		26.77		0.03			0.39			0.42			(0.36	)		—			—

*	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.

430

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 (%)††
	(0.07	)		23.47		7.01			2,112		0.55			0.35			18.56
	(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
	(0.25	)		24.23		5.51			2,423		0.54			1.10			2.71
	(0.74	)		23.21		(13.98	)		3,017		0.61			0.92			7.40
	—			27.72		1.43			3,604		0.60	†		0.58	†		6.21
	(2.42	)		18.56		(0.61	)		27,098		0.60			1.08			4.85
	(2.63	)		21.05		(12.39	)		24,634		0.63	(1)		0.97			21.62
	(0.36	)		26.83		1.60			5,902		0.60	†		0.57	†		7.08

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

431

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® Collar 95-110 ETF
2023		24.47		0.28		0.26			0.54			(0.33	)		—			—
2022		27.57		0.23		(2.77	)		(2.54	)		(0.16	)		(0.40	)		—
2021(2)		27.28		0.03		0.26			0.29			—			—			—
Global X Disruptive Materials ETF
2023		18.07		0.34		(3.88	)		(3.54	)		(0.30	)		—			—
2022(3)		23.75		0.45		(5.88	)		(5.43	)		(0.25	)		—			—
Global X Dow 30® Covered Call ETF
2023		21.89		0.34		0.38			0.72			(0.18	)		—			(1.54	)
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.

432

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 (%)††
	(0.33	)		24.68		2.20			2,221		0.55			1.11			3.09
	(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
	(0.30	)		14.23		(19.96	)		7,684		0.59			1.84			36.55
	(0.25	)		18.07		(22.98	)		3,433		0.60	†		2.72	†		25.34
	(1.72	)		20.89		3.30			78,947		0.60			1.55			6.67
	(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.

433

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		26.58		0.28			(2.31	)		(2.03	)		(0.17	)		(0.82	)		(1.18	)
2022(2)		25.90		(0.01	)		0.82			0.81			(0.13	)		—			—
Global X Financials Covered Call & Growth ETF
2023(3)		24.88		0.35			(1.66	)		(1.31	)		(0.85	)		—			(0.42	)
Global X Health Care Covered Call & Growth ETF
2023(3)		25.06		0.27			(0.75	)		(0.48	)		(1.16	)		—			—

*	Per share data calculated using average shares method.
**	Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.
†	Annualized.
††	Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers.
(1)	The ratio of Expenses to Average Net Assets includes the effect of a waiver due to acquired fund fees and expenses. The ratio to Average Net Assets does not include acquired fund fees and expenses of the underlying investments, if applicable. If these offsets were excluded, the ratio would have been 0.60% and 0.60% for the year ended October 31, 2023 and the year ended October 31, 2022, respectively.
(2)	The Fund commenced operations on October 4, 2022.
(3)	The Fund commenced operations on November 21, 2022.
(4)	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, 2023.

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

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

434

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 (%)††
	(2.17	)		22.38		(8.16	)		8,279		0.50	(1)		1.11			5.48
	(0.13	)		26.58		3.14			2,658		0.50	†(1)		(0.50	)†		0.00
	(1.27	)		22.30		(5.40	)		2,230		0.54	†(4)		1.55	†		16.45
	(1.16	)		23.42		(2.05	)		2,577		0.55	†(4)		1.16	†		6.85

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

435

Financial Highlights

Selected Per Share Data & Ratios
For a Share Outstanding Throughout the Period

	Net Asset Value, Beginning of Period ($)		Net Investment Income ($)*		Net Realized and Unrealized Gain on Investments ($)		Total from Operations ($)		Distribution from Net Investment Income ($)			Distribution from Capital Gains ($)		Return of Capital ($)
Global X Information Technology Covered Call & Growth ETF
2023(1)		24.74		0.11		5.55		5.66		(1.54	)		—		—
Global X NASDAQ 100® ESG Covered Call ETF
2023(3)		24.46		0.04		2.33		2.37		(2.06	)		—		—
Global X S&P 500® ESG Covered Call ETF
2023(3)		24.65		0.17		0.28		0.45		(0.45	)		—		(0.86	)

*	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 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, 2023.
(3)	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.

436

Financial Highlights

Total from Distributions ($)			Net Asset Value, End of Period ($)		Total Return (%)**		Net Assets, End of Period ($)(000)		Ratio of Expenses to Average Net Assets (%)			Ratio of Net Investment Income to Average Net Assets (%)			Portfolio Turnover (%)††
	(1.54	)		28.86		23.27		3,463		0.55	†(2)		0.42	†		13.93
	(2.06	)		24.77		9.67		2,478		0.61	†		0.21	†		11.82
	(1.31	)		23.79		1.79		2,379		0.60	†		1.00	†		13.87

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

437

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 Loss on Investments ($)			Total from Operations ($)			Distribution from Net Investment Income ($)			Distribution from Capital Gains ($)		Return of Capital ($)
Global X Dow 30® Covered Call & Growth ETF
2023(1)		25.81		0.10		(1.48	)		(1.38	)		(0.09	)		—		(0.14	)

*	Per share data calculated using average shares method.
**	Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.
†	Annualized.
††	Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers.
(1)	The Fund commenced operations on July 25, 2023.

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

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

438

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 (%)††
	(0.23	)		24.20		(5.35	)		2,421		0.60	†		1.43	†		0.21

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

439

Notes to Financial Statements

October 31, 2023

1. ORGANIZATION

The Global X Funds (the “Trust”) is a Delaware statutory trust formed on March 6, 2008. The Trust is registered under the Investment Company Act of 1940 (the “1940 Act”), as amended, as an open-end management investment company. As of October 31, 2023, the Trust had one hundred and thirteen portfolios, one hundred and eight 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, Global X S&P 500^® ESG Covered Call ETF and Global X Dow 30^® Covered Call & Growth 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.

440

Notes to Financial Statements (Continued)

October 31, 2023

1. ORGANIZATION (continued)

Global X Nasdaq 100^® ESG Covered Call ETF commenced operations on February 21, 2023.

Global X S&P 500^® ESG Covered Call ETF commenced operations on February 21, 2023.

Global X Dow 30^® Covered Call & Growth ETF commenced operations on July 25, 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 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.

441

Notes to Financial Statements (Continued)

October 31, 2023

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

MLPs – Certain Funds may invest in MLPs. MLPs are publicly traded partnerships engaged in the transportation, storage and processing of minerals and natural resources. By confining their operations to these specific activities, their interests, or units, are able to trade on public securities exchanges exactly like the shares of a corporation, without entity level taxation. To qualify as an MLP and to not be taxed as a corporation, a partnership must receive at least 90% of its income from qualifying sources as set forth in Section 7704(d) of the Internal Revenue Code of 1986, as amended (the “Code”). These qualifying sources include natural resource-based activities such as the processing, transportation and storage of mineral or natural resources. MLPs generally have two classes of owners: the general partner and limited partners. The general partner of an MLP is typically owned by a major energy company, an investment fund, the direct management of the MLP, or is an entity owned by one or more of such parties. The general partner may be structured as a private or publicly traded corporation or other entity.

The general partner typically controls the operations and management of the MLP through an up to 2% equity interest in the MLP plus, in many cases, ownership of common units and subordinated units.

Limited partners typically own the remainder of the partnership through ownership of common units, and have a limited role in the partnership’s operations and management. MLPs are typically structured such that common units and general partner interests have first priority to receive quarterly cash distributions up to an established minimum amount (“minimum quarterly distributions” or “MQD”). Common and general partner interests also accrue arrearages in distributions to the extent the MQD is not paid. Once common and general partner interests have been paid, subordinated units receive distributions of up to the MQD; however, subordinated units do not accrue arrearages. Distributable cash in excess of the MQD is paid to both common and subordinated units and is distributed to both common and subordinated units generally on a pro rata basis. The general partner is also eligible to receive incentive distributions if the general partner operates the business in a manner which results in distributions paid per common unit surpassing specified target levels. As the general partner increases cash distributions to the limited partners, the general partner receives an increasingly higher percentage of the incremental cash distributions.

SECURITY VALUATION - Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (except for securities traded on the NASDAQ Stock Market (“NASDAQ”)), including securities traded over the counter, are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded (or at approximately 4:00 pm Eastern 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).

442

Notes to Financial Statements (Continued)

October 31, 2023

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

For securities traded on NASDAQ, the NASDAQ Official Closing Price will be used. The prices for foreign securities are reported in local currency and converted to U.S. dollars using currency exchange rates as of the reporting date. The exchange rates used by the Trust for valuation are captured as of the New York or London close each day.

Options traded on an exchange will be valued at the mean of the bid and ask quotations for the current day at the close of the market. If either the bid or the ask is not available, the last closing price will be used.

Securities for which market prices are not “readily available” are valued in accordance with fair value procedures (the “Fair Value Procedures”) established by Global X Management Company LLC, the Funds’ investment adviser (the “Adviser”), and approved by the Funds’ Board of Trustees (the “Board”). Pursuant to Rule 2a-5 under the 1940 Act, the Board has designated the Adviser as the “valuation designee” to determine the fair value of securities and other instruments for which no readily available market quotations are available. The Fair Value Procedures are implemented through a fair value committee (the “Committee”) of the Adviser. Some of the more common reasons that may necessitate that a security be valued using the Fair Value Procedures include: the security’s trading has been halted or suspended; the security has been de-listed from its primary trading exchange; the security’s primary trading market is temporarily closed at a time when, under normal conditions, it would be open; the security has not been traded for an extended period of time; the security’s primary pricing source is not able or willing to provide a price; or trading of the security is subject to local government-imposed restrictions. In addition, the Funds may fair value a security if an event that may materially affect the value of the Funds’ security that is traded outside the United States (a “Significant Event”) has occurred between the time of the security’s last close and the time that each Fund calculates its net asset value (“NAV”). A Significant Event may relate to a single issuer or to an entire market sector. Events that may be Significant Events include: government actions, natural disasters, armed conflict, acts of terrorism and significant market fluctuations. If the Adviser becomes aware of a Significant Event that has occurred with respect to a security or group of securities after the closing of the exchange or market on which the security or securities principally trade, but before the time at which the Funds calculate their NAV, it may request that a Committee meeting be called. When a security is valued in accordance with the Fair Value Procedures, the Committee will determine the value after taking into consideration all relevant information reasonably available to the Committee.

If available, debt securities are priced based upon valuations provided by independent, third-party pricing agents. Such values generally reflect the last reported sales price if the security is actively traded. The third-party pricing agents may also value debt securities at 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

443

Notes to Financial Statements (Continued)

October 31, 2023

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

be valued at their market value. Prices for most securities held by the Funds are provided daily by recognized independent pricing agents. If a security price cannot be obtained from an independent, third-party pricing agent, the Funds seek to obtain a bid price from at least one independent broker.

In accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP, the Funds disclose the fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The objective of a fair value measurement is to determine the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). Accordingly, the fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

Level 1 – Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Funds have the ability to access at the measurement date

Level 2 – Other significant observable inputs (including quoted prices in non-active markets, quoted prices for similar investments, fair value of investments for which the Funds have the ability to fully redeem tranches at NAV as of the measurement date or within the near term, and short-term investments valued at amortized cost)

Level 3 – Significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments, and fair value of investments for which the Funds do not have the ability to fully redeem tranches at NAV as of the measurement date or within the near term)

Investments are classified within the level of the lowest significant input considered in determining fair value. Investments classified within Level 3 whose fair value measurement considers several inputs may include Level 1 or Level 2 inputs as components of the overall fair value measurement. For details of the investment classification, reference the Schedule of Investments.

The unobservable inputs used to determine fair value of Level 3 assets may have similar or diverging impacts on valuation. Significant increases and decreases in these inputs in isolation and interrelationships between those inputs could result in significantly higher or lower fair value measurement.

DUE TO/FROM BROKERS – Due to/from brokers includes cash and collateral balances with the Funds’ clearing brokers or counterparties as of October 31, 2023. The Funds continuously monitor the credit standing of each broker or counterparty with whom they

444

Notes to Financial Statements (Continued)

October 31, 2023

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

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 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 the MRA with collateral held and/or posted to the counterparty and create one single net payment due to or from the Funds.

FEDERAL INCOME TAXES – It is each Fund’s intention to qualify, or continue to qualify, as a regulated investment company for Federal income tax purposes by complying with the appropriate provisions of Subchapter M of the Code. Accordingly, no provisions for Federal income taxes have been made in the financial statements except as described below.

The Funds evaluate tax positions taken or expected to be taken in the course of preparing the Funds’ tax returns to determine whether it is “more-likely-than-not” (i.e., greater than 50 percent) that each tax position will be sustained upon examination by a taxing authority based on the technical merits of the position. Tax positions not deemed to meet the more-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.

445

Notes to Financial Statements (Continued)

October 31, 2023

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

If a Fund has foreign tax filings that have not been made, the tax years that remain subject to examination may date back to the inception of the Fund.

As of and during the reporting period ended October 31, 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 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.

446

Notes to Financial Statements (Continued)

October 31, 2023

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

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 October 31, 2023		Redemption Fee
Global X Lithium & Battery Tech ETF		10,000	$	1,000	$	473,300	$	1,000
Global X SuperDividend® ETF		10,000		2,000		203,600		2,000
Global X Social Media ETF		10,000		300		347,500		300
Global X Guru® Index ETF		10,000		250		342,300		250
Global X SuperIncome™ Preferred ETF		10,000		300		82,100		300
Global X SuperDividend® U.S. ETF		10,000		150		156,200		150
Global X S&P 500® Covered Call ETF		10,000		2,000		381,800		2,000
Global X NASDAQ 100® Covered Call ETF		10,000		500		166,000		500
Global X MSCI SuperDividend® Emerging Markets ETF		10,000		1,600		224,800		1,600
Global X SuperDividend® REIT ETF		10,000		400		186,700		400
Global X Renewable Energy Producers ETF		10,000		1,100		93,000		1,100
Global X S&P 500® Catholic Values ETF		10,000		1,300		508,900		1,300
Global X MSCI SuperDividend® EAFE ETF		10,000		1,000		127,600		1,000
Global X E-commerce ETF		10,000		250		169,600		250
Global X Russell 2000 Covered Call ETF		10,000		250		161,000		250
Global X S&P Catholic Values Developed ex-U.S. ETF		10,000		8,000		258,700		8,000
Global X Nasdaq 100® Covered Call & Growth ETF		10,000		500		260,700		500
Global X S&P 500® Covered Call & Growth ETF		10,000		1,500		260,700		1,500
Global X Emerging Markets Internet & E-commerce ETF		10,000		800		199,700		800
Global X NASDAQ 100® Tail Risk ETF		10,000		500		227,100		500
Global X NASDAQ 100® Risk Managed Income ETF		10,000		500		166,400		500
Global X NASDAQ 100® Collar 95-110 ETF		10,000		500		234,700		500

447

Notes to Financial Statements (Continued)

October 31, 2023

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

	Creation Unit Shares		Creation Fee		Value at October 31, 2023		Redemption Fee
Global X S&P 500® Tail Risk ETF		10,000	$	2,000	$	242,300	$	2,000
Global X S&P 500® Risk Managed Income ETF		10,000		2,000		185,600		2,000
Global X S&P 500® Collar 95-110 ETF		10,000		2,000		246,800		2,000
Global X Disruptive Materials ETF		10,000		800		142,300		800
Global X Dow 30® Covered Call ETF		10,000		250		208,900		250
Global X Russell 2000 Covered Call & Growth ETF		10,000		250		223,800		250
Global X Financials Covered Call & Growth ETF		10,000		250		223,000		250
Global X Health Care Covered Call & Growth ETF		10,000		250		234,200		250
Global X Information Technology Covered Call & Growth ETF		10,000		250		288,600		250
Global X Nasdaq 100® ESG Covered Call ETF		10,000		500		247,700		500
Global X S&P 500® ESG Covered Call ETF		10,000		2,000		237,900		2,000
Global X Dow 30 Covered Call & Growth ETF		10,000		250		242,000		250

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 an agreement with BNY Mellon, if a Fund for which BNY Mellon is Custodian has a cash overdraft, it will be charged interest at a rate then charged by BNY Mellon to its institutional custody clients in the relevant currency. Cash overdraft charges are included in custodian fees on the Statements of Operations.

OPTIONS/SWAPTIONS WRITING/PURCHASING – To the extent consistent with their investment policies, certain Funds may either purchase or write options.

When a Fund purchases an option, the premium paid by it is recorded as an asset of the Fund. When a Fund writes an option, an amount equal to the net premium (the premium less the commission) received by the Fund is included in the liability section of the Fund’s Statement of Assets and Liabilities as a deferred credit. The amount of this asset or deferred credit will be subsequently marked-to-market to reflect the current value of the option purchased or written. The current value of the traded option is the last sale price or, in the absence of a sale, the current bid price. If an option purchased by a Fund expires unexercised, the Fund realizes a loss equal to the premium paid. If a Fund enters into a closing sale transaction on an option purchased by it, the Fund will realize a gain if the premium received by the Fund on the closing transaction is more than the premium paid to purchase the option, or a loss if it is less. If an option written by a Fund expires on the stipulated expiration date or if a Fund enters into a closing purchase transaction, it will realize a gain (or loss if the cost of a closing purchase transaction exceeds the net premium

448

Notes to Financial Statements (Continued)

October 31, 2023

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

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, Global X S&P 500^® ESG Covered Call ETF and Global X Dow 30^® Covered Call & Growth ETF may write covered call and/or put options that correspond to their respective reference index. By writing a covered call option, a Fund, in exchange for the premium, foregoes the opportunity for capital appreciation above the strike price should the market price of the underlying security increase. Conversely, by writing a put option, the Fund, in exchange for the premium, accepts the risk of having to purchase a security at a fixed strike price even should the price of the underlying security decrease, exposing the Fund to downside risk in the underlying security.

When the written option expires, is terminated or is sold, a Fund will record a gain or loss. The net realized gain or loss on options contracts is reflected in the Statements of Operations and the net unrealized gains/(losses) are included as a component of the net change in unrealized appreciation/(depreciation) on options contracts in the Statements of Operations.

3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS

On July 2, 2018, the Adviser consummated a transaction pursuant to which it became an indirect, wholly-owned subsidiary of Mirae Asset Global Investments Co., Ltd. (“Mirae”). In this manner, the Adviser is ultimately controlled by Mirae.

449

Notes to Financial Statements (Continued)

October 31, 2023

3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)

The Adviser serves as the investment adviser and the administrator for the Funds. Subject to the supervision of the Board, the Adviser is responsible for managing the investment activities of the Funds and the Funds’ business affairs and other administrative matters and provides, or causes to be furnished, all supervisory, administrative and other services reasonably necessary for the operation of the Funds, including certain distribution services (provided pursuant to a separate distribution agreement), certain shareholder and distribution-related services (provided pursuant to a separate Rule 12b-1 Plan and related agreements) and investment advisory services (provided pursuant to a separate Investment Advisory Agreement), under what is essentially an “all-in” fee structure.

For the Adviser’s service to the respective Funds, under a supervision and administration agreement (the “Supervision and Administration Agreement”), each Fund pays a monthly fee to the Adviser at the annual rate below (stated as a percentage of the average daily net assets of the Fund) (“Supervision and Administration Fee”). In addition, the Funds bear other expenses, directly and indirectly, that are not covered by the Supervision and Administration Agreement, which may vary and affect the total expense ratios of the Funds, such as taxes, brokerage fees, commissions, certain custodian fees, acquired fund fees, and other transaction expenses, interest expenses and extraordinary expenses (such as litigation and indemnification expenses).

450

Notes to Financial Statements (Continued)

October 31, 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 & Growth ETF	0.60%
Global X Emerging Markets Internet & E-commerce ETF	0.65%
Global X NASDAQ 100® Tail Risk ETF(8)	0.25%
Global X NASDAQ 100® Risk Managed Income ETF	0.60%
Global X NASDAQ 100® Collar 95-110 ETF(9)	0.25%

451

Notes to Financial Statements (Continued)

October 31, 2023

3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)

	Supervision and Administration Fee
Global X S&P 500® Tail Risk ETF(10)	0.25%
Global X S&P 500® Risk Managed Income ETF	0.60%
Global X S&P 500® Collar 95-110 ETF(11)	0.25%
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%
Global X Dow 30® Covered Call & Growth 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, 2025.

⁽²⁾ Effective April 3, 2023, the Supervision and Administration Fee for the Global X SuperIncome™ Preferred ETF was reduced to 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, 2025.

⁽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

452

Notes to Financial Statements (Continued)

October 31, 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, 2025.

⁽⁵⁾ Pursuant to an Expense Limitation Agreement, the Adviser has contractually agreed to reimburse or waive fees and/or limit expenses for the Global X Financials Covered Call & Growth ETF to the extent necessary to assure that the operating expenses of the Global X Financials Covered Call & Growth ETF (exclusive of taxes, brokerage fees, commissions, and other transaction expenses, interest and extraordinary expenses (such as litigation and indemnification expenses)) will not exceed 0.60% of the average daily net assets of the Global X Financials Covered Call & Growth ETF per year until at least March 1, 2025.

⁽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, 2025.

⁽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, 2025.

⁽⁸⁾ Effective August 18, 2023, the Supervision and Administration Fee for the Global X NASDAQ 100^® Tail Risk ETF was reduced to 0.25%. Prior to that, the Fund was subject to a Supervision and Administration Fee of 0.60%.

⁽⁹⁾ Effective August 18, 2023, the Supervision and Administration Fee for the Global X NASDAQ 100^® Collar 95-110 ETF was reduced to 0.25%. Prior to that, the Fund was subject to a Supervision and Administration Fee of 0.60%.

⁽¹⁰⁾ Effective August 18, 2023, the Supervision and Administration Fee for the Global X S&P 500^® Tail Risk ETF was reduced to 0.25%. Prior to that, the Fund was subject to a Supervision and Administration Fee of 0.60%.

⁽¹¹⁾ Effective August 18, 2023, the Supervision and Administration Fee for the Global X S&P 500^® Collar 95-110 ETF was reduced to 0.25%. Prior to that, the Fund was subject to a Supervision and Administration Fee of 0.60%.

SEI Investments Global Funds Services (“SEIGFS”) serves as sub-administrator to the Funds. As sub-administrator, SEIGFS provides the Funds with all required general administrative services, including, without limitation: office space, equipment, and personnel; clerical and general back office services; bookkeeping, internal accounting and

453

Notes to Financial Statements (Continued)

October 31, 2023

3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)

secretarial services; the calculation of NAV; and assistance with the preparation and filing of reports, registration statements, proxy statements, and other materials required to be filed or furnished by the Funds under federal and state securities laws. As compensation for these services, SEIGFS receives certain out-of-pocket costs, transaction fees, and asset-based fees which are accrued daily and paid monthly by the Adviser.

SEI Investments Distribution Co. (“SIDCO”) serves as the Funds’ underwriter and distributor of Creation Units pursuant to a distribution agreement (the “Distribution Agreement”). SIDCO has no obligation to sell any specific quantity of Shares of the Funds.

SIDCO bears the following costs and expenses relating to the distribution of Shares: (i) the costs of processing and maintaining records of creations of Creation Units; (ii) all costs of maintaining the records required of a registered broker/dealer; (iii) the expenses of maintaining its registration or qualification as a dealer or broker under federal or state laws; (iv) filing fees; and (v) all other expenses incurred in connection with the distribution services as contemplated in the Distribution Agreement. SIDCO receives no fee from the Funds for its distribution services under the Distribution Agreement, rather, the Adviser compensates SIDCO for certain expenses, out-of-pocket costs, and transaction fees.

BBH serves as custodian and transfer agent of the Global X Lithium & Battery Tech ETF, Global X Guru^® Index ETF, Global X SuperIncome™ Preferred ETF, Global X S&P 500^® Covered Call ETF, Global X NASDAQ 100^® Covered Call ETF, Global X S&P 500^® Catholic Values ETF and Global X Russell 2000 Covered Call ETF. For the Funds for which it serves as custodian, BBH has agreed to (i) make receipts and disbursements of money on behalf of the Funds; (ii) collect and receive all income and other payments and distributions on account of the Funds’ portfolio investments; (iii) respond to correspondence from shareholders, security brokers and others relating to its duties; and (iv) make periodic reports to the Funds concerning the Funds’ operations. BBH does not exercise any supervisory function over the purchase and sale of securities. As compensation for these services, BBH receives certain out-of-pocket costs, transaction fees and asset-based fees which are accrued daily and paid monthly by the Adviser from its fees. For the funds which it serves as transfer agent, BBH has agreed to (i) issue and redeem Shares of each Fund; (ii) make dividend and other distributions to shareholders of each Fund; (iii) respond to correspondence by shareholders and others relating to its duties; (iv) maintain shareholder accounts; and (v) make periodic reports to the Funds. As compensation for these services, BBH receives certain out-of-pocket costs, transaction fees and asset-based fees which are accrued daily and paid monthly by the Adviser from its fees.

For all Funds other than the Global X Lithium & Battery Tech ETF, Global X Guru^® Index ETF, Global X SuperIncome^™ Preferred ETF, Global X S&P 500^® Covered Call ETF, Global X NASDAQ 100^® Covered Call ETF, Global X S&P 500^® Catholic Values ETF and Global X Russell 2000 Covered Call ETF, BNY Mellon serves as custodian and transfer

454

Notes to Financial Statements (Continued)

October 31, 2023

3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)

agent to the Trust on behalf of the Funds. As custodian, BNY Mellon may appoint domestic and foreign sub-custodians and use depositories from time to time to hold securities and other instruments purchased by the Trust in foreign countries and to hold cash and currencies for the Trust on behalf of the Funds. Under its transfer agency agreement with the Trust, BNY Mellon has undertaken with the Trust to provide the following services with respect to the Funds for which it serves as transfer agent: (i) perform and facilitate the performance of purchases and redemptions of Creation Units, (ii) prepare and transmit by means of Depository Trust Company’s book-entry system payments for dividends and distributions on or with respect to the Shares declared by the Trust on behalf of the Fund, as applicable, (iii) prepare and deliver reports, information and documents as specified in the transfer agency agreement, (iv) perform the customary services of a transfer agent and dividend disbursing agent, and (v) render certain other miscellaneous services as specified in the transfer agency agreement or as otherwise agreed upon.

The custodian, transfer agent and securities lending agent for the Global X SuperDividend® U.S. ETF and Global X SuperDividend® REIT ETF transitioned from BBH to BNY Mellon on or about May 15, 2023. The custodian, transfer agent and securities lending agent for the Global X S&P Catholic Values Developed ex-U.S. ETF and Global X Disruptive Materials ETF transitioned from BBH to BNY Mellon on or about June 12, 2023. The custodian, transfer agent and securities lending agent for the Global X MSCI SuperDividend® EAFE ETF and Global X E-commerce ETF transitioned from BBH to BNY Mellon on or about June 26, 2023.  The custodian, transfer agent and securities lending agent for the Global X Social Media ETF transitioned from BBH to BNY Mellon on or about July 10, 2023.  The custodian, transfer agent and securities lending agent for the Global X MSCI SuperDividend® Emerging Markets ETF, Global X SuperDividend® ETF, Global X Renewable Energy Producers ETF, Global X Emerging Markets Internet & E-commerce ETF and Global X S&P 500® Tail Risk ETF transitioned from BBH to BNY Mellon on or about July 24, 2023. The custodian, transfer agent and securities lending agent for the Global X NASDAQ 100® Risk Managed Income ETF and Global X S&P 500® Risk Managed Income ETF transitioned from BBH to BNY Mellon on or about October 23, 2023.  The custodian, transfer agent and securities lending agent for the Global X Nasdaq 100® Covered Call & Growth ETF, Global X S&P 500® Covered Call & Growth ETF and Global X NASDAQ 100® Tail Risk ETF transitioned from BBH to BNY Mellon on or about November 8, 2023.

455

Notes to Financial Statements (Continued)

October 31, 2023

4. INVESTMENT TRANSACTIONS

For the year ended October 31, 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	$	638,506,964	$	994,295,973
Global X SuperDividend® ETF		732,884,262		672,655,365
Global X Social Media ETF		47,720,135		39,250,743
Global X Guru® Index ETF		47,685,618		47,198,745
Global X SuperIncome™ Preferred ETF		211,322,266		210,190,586
Global X SuperDividend® U.S. ETF		403,097,391		433,243,287
Global X S&P 500® Covered Call ETF		205,726,462		648,161,392
Global X NASDAQ 100® Covered Call ETF		2,919,532,879		4,806,336,226
Global X MSCI SuperDividend® Emerging Markets ETF		37,713,057		36,915,522
Global X SuperDividend® REIT ETF		247,260,208		250,853,675
Global X Renewable Energy Producers ETF		8,999,389		13,184,128
Global X S&P 500® Catholic Values ETF		43,411,726		42,531,478
Global X MSCI SuperDividend® EAFE ETF		4,342,603		4,007,921
Global X E-commerce ETF		13,597,248		13,716,977
Global X Russell 2000 Covered Call ETF		285,921,403		547,621,646
Global X S&P Catholic Values Developed ex-U.S. ETF		2,440,797		1,642,589
Global X Nasdaq 100® Covered Call & Growth ETF		22,617,053		32,306,868
Global X S&P 500® Covered Call & Growth ETF		2,823,164		7,173,199
Global X Emerging Markets Internet & E-commerce ETF		709,732		716,825
Global X NASDAQ 100® Tail Risk ETF		295,652		374,809
Global X NASDAQ 100® Risk Managed Income ETF		2,336,458		5,972,112
Global X NASDAQ 100® Collar 95-110 ETF		517,368		1,009,408
Global X S&P 500® Tail Risk ETF		79,012		204,120
Global X S&P 500® Risk Managed Income ETF		1,293,148		8,138,569
Global X S&P 500® Collar 95-110 ETF		100,352		417,795
Global X Disruptive Materials ETF		3,797,690		1,972,620
Global X Dow 30® Covered Call ETF		4,777,649		12,547,319
Global X Russell 2000 Covered Call & Growth ETF		193,501		508,751
Global X Financials Covered Call & Growth ETF		394,501		452,937
Global X Health Care Covered Call & Growth ETF		190,195		178,936
Global X Information Technology Covered Call & Growth ETF		427,806		679,933
Global X Nasdaq 100® ESG Covered Call ETF		313,639		761,883
Global X S&P 500® ESG Covered Call ETF		350,825		607,640
Global X Dow 30® Covered Call & Growth ETF		31,517		5,252

During the year ended October 31, 2023, there were no purchases or sales of long-term U.S. Government securities for the Funds.

456

Notes to Financial Statements (Continued)

October 31, 2023

4. INVESTMENT TRANSACTIONS (continued)

For the year ended October 31, 2023, in-kind transactions associated with creations and redemptions were:

2023	Purchases		Sales		Realized Gain/(Loss)
Global X Lithium & Battery Tech ETF	$	9,594,733	$	503,175,844	$	80,816,875
Global X SuperDividend® ETF		44,161,315		11,784,983		2,114,716
Global X Social Media ETF		34,506,212		46,372,642		5,680,099
Global X Guru® Index ETF		–		5,988,755		610,976
Global X SuperIncome™ Preferred ETF		27,295,864		35,397,333		(653,376	)
Global X SuperDividend® U.S. ETF		149,468,252		102,018,502		14,258,851
Global X S&P 500® Covered Call ETF		1,173,450,581		153,353,443		39,980,669
Global X NASDAQ 100® Covered Call ETF		1,563,611,337		544,852,875		253,904,621
Global X MSCI SuperDividend® Emerging Markets ETF		157,207		756,231		80,875
Global X SuperDividend® REIT ETF		15,624,410		50,018,319		(4,477,839	)
Global X Renewable Energy Producers ETF		1,968,283		24,725,203		(4,722,473	)
Global X S&P 500® Catholic Values ETF		118,578,622		39,880,690		15,973,267
Global X MSCI SuperDividend® EAFE ETF		2,609,937		1,792,007		165,438
Global X E-commerce ETF		33,987,547		16,879,480		(3,575,254	)
Global X Russell 2000 Covered Call ETF		499,863,194		143,285,594		6,480,735
Global X S&P Catholic Values Developed ex-U.S. ETF		8,090,518		–		–
Global X Nasdaq 100® Covered Call & Growth ETF		38,575,463		5,213,397		1,629,423
Global X S&P 500® Covered Call & Growth ETF		37,752,410		18,852,922		3,335,997
Global X Emerging Markets Internet & E-commerce ETF		–		–		–
Global X NASDAQ 100® Tail Risk ETF		–		787,029		(96,215	)
Global X NASDAQ 100® Risk Managed Income ETF		4,549,807		2,396,162		147,899
Global X NASDAQ 100® Collar 95-110 ETF		–		1,171,618		18,523
Global X S&P 500® Tail Risk ETF		–		756,720		65,157
Global X S&P 500® Risk Managed Income ETF		8,408,917		2,488,321		245,819
Global X S&P 500® Collar 95-110 ETF		–		1,742,140		105,856
Global X Disruptive Materials ETF		4,851,469		319,287		52,663
Global X Dow 30® Covered Call ETF		41,655,798		11,150,093		1,712,527
Global X Russell 2000 Covered Call & Growth ETF		6,971,898		736,190		29,432
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		3,106,356		–		–
Global X NASDAQ 100® ESG Covered Call ETF		3,695,643		1,250,328		212,143
Global X S&P 500® ESG Covered Call ETF		3,418,700		953,791		118,594
Global X Dow 30® Covered Call & Growth ETF		2,580,926		–		–

457

Notes to Financial Statements (Continued)

October 31, 2023

5. DERIVATIVE TRANSACTIONS

The following tables show the derivatives categorized by underlying risk exposure.

The fair value of derivative instruments as of October 31, 2023 was as follows:

Asset Derivatives		Liability Derivatives
Statements of Assets and Liability Location	Fair Value	Statements of Assets and Liability Location	Fair Value

Derivatives not accounted for as hedging instruments:

Global X S&P 500^® Covered Call ETF

Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	27,077,160
Total Derivatives not accounted for as hedging instruments		$	–			$	27,077,160

Asset Derivatives		Liability Derivatives
Statements of Assets and Liability Location	Fair Value	Statements of Assets and Liability Location	Fair Value

Derivatives not accounted for as hedging instruments:

Global X NASDAQ 100^® Covered Call ETF

Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	98,419,200
Total Derivatives not accounted for as hedging instruments		$	–			$	98,419,200

Asset Derivatives		Liability Derivatives
Statements of Assets and Liability Location	Fair Value	Statements of Assets and Liability Location	Fair Value

Derivatives not accounted for as hedging instruments:

Global X Russell 2000 Covered Call ETF

Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	16,253,460
Total Derivatives not accounted for as hedging instruments		$	–			$	16,253,460

Asset Derivatives		Liability Derivatives
Statements of Assets and Liability Location	Fair Value	Statements of Assets and Liability Location	Fair Value

Derivatives not accounted for as hedging instruments:

Global X Nasdaq 100^® Covered Call & Growth ETF

Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	652,400
Total Derivatives not accounted for as hedging instruments		$	–			$	652,400

458

Notes to Financial Statements (Continued)

October 31, 2023

5. DERIVATIVE TRANSACTIONS (continued)

Asset Derivatives		Liability Derivatives
Statements of Assets and Liability Location	Fair Value	Statements of Assets and Liability Location	Fair Value

Derivatives not accounted for as hedging instruments:

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

Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	293,095
Total Derivatives not accounted for as hedging instruments		$	–			$	293,095

Asset Derivatives		Liability Derivatives
Statements of Assets and Liability Location	Fair Value	Statements of Assets and Liability Location	Fair Value

Derivatives not accounted for as hedging instruments:

Global X NASDAQ 100^® Tail Risk ETF

Equity contracts	Investments purchased, at value	$	14,940	Equity contracts	Options written, at value	$	–
Total Derivatives not accounted for as hedging instruments		$	14,940			$	–

Asset Derivatives		Liability Derivatives
Statements of Assets and Liability Location	Fair Value	Statements of Assets and Liability Location	Fair Value

Derivatives not accounted for as hedging instruments:

Global X NASDAQ 100^® Risk Managed Income ETF

Equity contracts	Investments purchased, at value	$	73,920	Equity contracts	Options written, at value	$	158,680
Total Derivatives not accounted for as hedging instruments		$	73,920			$	158,680

Asset Derivatives		Liability Derivatives
Statements of Assets and Liability Location	Fair Value	Statements of Assets and Liability Location	Fair Value

Derivatives not accounted for as hedging instruments:

Global X NASDAQ 100^® Collar 95-110 ETF

Equity contracts	Investments purchased, at value	$	57,935	Equity contracts	Options written, at value	$	291
Total Derivatives not accounted for as hedging instruments		$	57,935			$	291

459

Notes to Financial Statements (Continued)

October 31, 2023

5. DERIVATIVE TRANSACTIONS (continued)

Asset Derivatives		Liability Derivatives
Statements of Assets and Liability Location	Fair Value	Statements of Assets and Liability Location	Fair Value

Derivatives not accounted for as hedging instruments:

Global X S&P 500^® Tail Risk ETF

Equity contracts	Investments purchased, at value	$	22,219	Equity contracts	Options written, at value	$	–
Total Derivatives not accounted for as hedging instruments		$	22,219			$	–

Asset Derivatives		Liability Derivatives
Statements of Assets and Liability Location	Fair Value	Statements of Assets and Liability Location	Fair Value

Derivatives not accounted for as hedging instruments:

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

Equity contracts	Investments purchased, at value	$	99,292	Equity contracts	Options written, at value	$	260,677
Total Derivatives not accounted for as hedging instruments		$	99,292			$	260,677

Asset Derivatives		Liability Derivatives
Statements of Assets and Liability Location	Fair Value	Statements of Assets and Liability Location	Fair Value

Derivatives not accounted for as hedging instruments:

Global X S&P 500^® Collar 95-110 ETF

Equity contracts	Investments purchased, at value	$	53,635	Equity contracts	Options written, at value	$	103
Total Derivatives not accounted for as hedging instruments		$	53,635			$	103

Asset Derivatives		Liability Derivatives
Statements of Assets and Liability Location	Fair Value	Statements of Assets and Liability Location	Fair Value

Derivatives not accounted for as hedging instruments:

Global X Dow 30^® Covered Call ETF

Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	1,217,055
Total Derivatives not accounted for as hedging instruments		$	–			$	1,217,055

460

Notes to Financial Statements (Continued)

October 31, 2023

5. DERIVATIVE TRANSACTIONS (continued)

Asset Derivatives		Liability Derivatives
Statements of Assets and Liability Location	Fair Value	Statements of Assets and Liability Location	Fair Value

Derivatives not accounted for as hedging instruments:

Global X Russell 2000 Covered Call & Growth ETF

Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	47,300
Total Derivatives not accounted for as hedging instruments		$	–			$	47,300

Asset Derivatives		Liability Derivatives
Statements of Assets and Liability Location	Fair Value	Statements of Assets and Liability Location	Fair Value

Derivatives not accounted for as hedging instruments:

Global X Financials Covered Call & Growth ETF

Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	8,281
Total Derivatives not accounted for as hedging instruments		$	–			$	8,281

Asset Derivatives		Liability Derivatives
Statements of Assets and Liability Location	Fair Value	Statements of Assets and Liability Location	Fair Value

Derivatives not accounted for as hedging instruments:

Global X Health Care Covered Call & Growth ETF

Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	2,061
Total Derivatives not accounted for as hedging instruments		$	–			$	2,061

Asset Derivatives		Liability Derivatives
Statements of Assets and Liability Location	Fair Value	Statements of Assets and Liability Location	Fair Value

Derivatives not accounted for as hedging instruments:

Global X Information Technology Covered Call & Growth ETF

Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	12,245
Total Derivatives not accounted for as hedging instruments		$	–			$	12,245

461

Notes to Financial Statements (Continued)

October 31, 2023

5. DERIVATIVE TRANSACTIONS (continued)

Asset Derivatives		Liability Derivatives
Statements of Assets and Liability Location	Fair Value	Statements of Assets and Liability Location	Fair Value

Derivatives not accounted for as hedging instruments:

Global X Nasdaq 100^® ESG Covered Call ETF

Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	30,175
Total Derivatives not accounted for as hedging instruments		$	–			$	30,175

Asset Derivatives		Liability Derivatives
Statements of Assets and Liability Location	Fair Value	Statements of Assets and Liability Location	Fair Value

Derivatives not accounted for as hedging instruments:

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

Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	14,080
Total Derivatives not accounted for as hedging instruments		$	–			$	14,080

Asset Derivatives		Liability Derivatives
Statements of Assets and Liability Location	Fair Value	Statements of Assets and Liability Location	Fair Value

Derivatives not accounted for as hedging instruments:

Global X Dow 30^® Covered Call & Growth ETF

Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	18,090
Total Derivatives not accounted for as hedging instruments		$	–			$	18,090

The effect of derivative instruments on the Statements of Operations for the year ended October 31, 2023:

Amount of realized gain or (loss) on derivatives recognized in income:

	Purchased Options			Written Options
Global X S&P 500® Covered Call ETF
Equity contracts	$	—		$	(175,722,132	)
Global X NASDAQ 100® Covered Call ETF
Equity contracts	$	(934,152,667	)	$	—

462

Notes to Financial Statements (Continued)

October 31, 2023

5. DERIVATIVE TRANSACTIONS (continued)

	Purchased Options			Written Options
Global X Russell 2000 Covered Call ETF
Equity contracts	$	—		$	(76,518,146	)
Global X Nasdaq 100® Covered Call & Growth ETF
Equity contracts	$	—		$	(4,759,944	)
Global X S&P 500® Covered Call & Growth ETF
Equity contracts	$	(1,833,364	)	$	—
Global X NASDAQ 100® Tail Risk ETF
Equity contracts	$	(108,252	)	$	—
Global X NASDAQ 100® Risk Managed Income ETF
Equity contracts	$	(1,039,839	)	$	(1,317,175	)
Global X NASDAQ 100® Collar 95-110 ETF
Equity contracts	$	(194,742	)	$	(336,034	)
Global X S&P 500® Tail Risk ETF
Equity contracts	$	(156,985	)	$	—
Global X S&P 500® Risk Managed Income ETF
Equity contracts	$	(1,875,705	)	$	(1,914,332	)
Global X S&P 500® Collar 95-110 ETF
Equity contracts	$	(324,007	)	$	(9,885	)
Global X Dow 30® Covered Call ETF
Equity contracts	$	—		$	(1,826,622	)
Global X Russell 2000 Covered Call & Growth ETF
Equity contracts	$	58,285		$	(113,636	)
Global X Financials Covered Call & Growth ETF
Equity contracts	$	(5,881	)	$	29,786
Global X Health Care Covered Call & Growth ETF
Equity contracts	$	3,570		$	98,708
Global X Information Technology Covered Call & Growth ETF
Equity contracts	$	(71,239	)	$	(40,979	)
Global X Nasdaq 100® ESG Covered Call ETF
Equity contracts	$	47,797		$	(353,184	)
Global X S&P 500® ESG Covered Call ETF
Equity contracts	$	82,789		$	(258,808	)

463

Notes to Financial Statements (Continued)

October 31, 2023

5. DERIVATIVE TRANSACTIONS (continued)

	Purchased Options		Written Options
Global X Dow 30® Covered Call & Growth ETF
Equity contracts	$	26,362	$	3,701

Change in unrealized appreciation or (depreciation) on derivatives recognized in income:

	Purchased Options		Written Options
Global X S&P 500® Covered Call ETF
Equity contracts	$	—	$	81,655,711
Global X NASDAQ 100® Covered Call ETF
Equity contracts	$	—	$	150,126,300
Global X Russell 2000 Covered Call ETF
Equity contracts	$	—	$	86,994,451
Global X Nasdaq 100® Covered Call & Growth ETF
Equity contracts	$	—	$	937,738
Global X S&P 500® Covered Call & Growth ETF
Equity contracts	$	871,640	$	—
Global X NASDAQ 100® Tail Risk ETF
Equity contracts	$	22,980	$	—
Global X NASDAQ 100® Risk Managed Income ETF
Equity contracts	$	82,077	$	238,445
Global X NASDAQ 100® Collar 95-110 ETF
Equity contracts	$	52,485	$	(38,825	)
Global X S&P 500® Tail Risk ETF
Equity contracts	$	42,973	$	—
Global X S&P 500® Risk Managed Income ETF
Equity contracts	$	150,599	$	928,959
Global X S&P 500® Collar 95-110 ETF
Equity contracts	$	87,783	$	(19,919	)
Global X Dow 30® Covered Call ETF
Equity contracts	$	—	$	2,152,614
Global X Russell 2000 Covered Call & Growth ETF
Equity contracts	$	—	$	98,488

464

Notes to Financial Statements (Continued)

October 31, 2023

5. DERIVATIVE TRANSACTIONS (continued)

	Purchased Options		Written Options
Global X Financials Covered Call & Growth ETF
Equity contracts	$	—	$	18,484
Global X Health Care Covered Call & Growth ETF
Equity contracts	$	—	$	18,228
Global X Information Technology Covered Call & Growth ETF
Equity contracts	$	—	$	30,047
Global X Nasdaq 100® ESG Covered Call ETF
Equity contracts	$	32,703	$	—
Global X S&P 500® ESG Covered Call ETF
Equity contracts	$	—	$	23,057
Global X Dow 30® Covered Call & Growth ETF
Equity contracts	$	—	$	(1,844	)

The following table discloses the average monthly balances of the Funds’ options activity during the year ended October 31, 2023:

	Short Avg	Long Avg
Global X S&P 500® Covered Call ETF	$(51,793,150)	$	-
Global X NASDAQ 100® Covered Call ETF	(194,078,277)		-
Global X Russell 2000 Covered Call ETF	(36,354,792)		-
Global X Nasdaq 100® Covered Call & Growth ETF	(1,049,022)		-
Global X S&P 500® Covered Call & Growth ETF	(539,858)		-
Global X NASDAQ 100® Tail Risk ETF	-		22,516
Global X NASDAQ 100® Risk Managed Income ETF	(265,268)		88,312
Global X NASDAQ 100® Collar 95-110 ETF	(33,428)		69,638
Global X S&P 500® Tail Risk ETF	-		32,278
Global X S&P 500® Risk Managed Income ETF	(526,882)		147,974
Global X S&P 500® Collar 95-110 ETF	(17,802)		65,011
Global X Dow 30® Covered Call ETF	(959,849)		-
Global X Russell 2000 Covered Call & Growth ETF	(41,419)		-
Global X Financials Covered Call & Growth ETF	(29,953)		-
Global X Health Care Covered Call & Growth ETF	(23,572)		-
Global X Information Technology Covered Call & Growth ETF	(40,268)		-
Global X Nasdaq 100® ESG Covered Call ETF	(57,530)		-
Global X S&P 500® ESG Covered Call ETF	(33,949)		-
Global X Dow 30® Covered Call & Growth ETF	(15,316)		-

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, 2023. Accordingly, the

465

Notes to Financial Statements (Continued)

October 31, 2023

6. TAX INFORMATION (continued)

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 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, sales of passive foreign investment companies and non-deductible excise taxes have been reclassified to/from the following accounts during the fiscal year ended October 31, 2023:

466

Notes to Financial Statements (Continued)

October 31, 2023

6. TAX INFORMATION (continued)

Global X Funds	Paid-in Capital	Total Distributable Earnings (Accumulated Losses)
Global X Lithium & Battery Tech ETF	$73,936,040	$(73,936,040)
Global X SuperDividend® ETF	(792,521)	792,521
Global X Social Media ETF	5,395,868	(5,395,868)
Global X Guru® Index ETF	593,515	(593,515)
Global X SuperIncome™ Preferred ETF	(738,631)	738,631
Global X SuperDividend® U.S. ETF	7,811,806	(7,811,806)
Global X S&P 500® Covered Call ETF	(25,027,198)	25,027,198
Global X NASDAQ 100® Covered Call ETF	(245,051,235)	245,051,235
Global X MSCI SuperDividend® Emerging Markets ETF	73,118	(73,118)
Global X SuperDividend® REIT ETF	1,174,987	(1,174,987)
Global X Renewable Energy Producers ETF	(4,941,519)	4,941,519
Global X S&P 500® Catholic Values ETF	15,838,903	(15,838,903)
Global X MSCI SuperDividend® EAFE ETF	142,030	(142,030)
Global X E-commerce ETF	(3,790,966)	3,790,966
Global X Russell 2000 Covered Call ETF	(2,876,756)	2,876,756
Global X Nasdaq 100® Covered Call & Growth ETF	(3,317,985)	3,317,985
Global X S&P 500® Covered Call & Growth ETF	(1,909,768)	1,909,768
Global X NASDAQ 100® Tail Risk ETF	38,325	(38,325)
Global X NASDAQ 100® Risk Managed Income ETF	52,568	(52,568)
Global X NASDAQ 100® Collar 95-110 ETF	38,369	(38,369)
Global X S&P 500® Risk Managed Income ETF	(644,261)	644,261
Global X Disruptive Materials ETF	52,090	(52,090)
Global X Health Care Covered Call & Growth ETF	12,146	(12,146)

The tax character of dividends and distributions declared during the periods ended October 31, 2023 and October 31, 2022 were as follows:

Global X Funds	Ordinary Income		Long-Term Capital Gain		Return of Capital		Totals
Global X Lithium & Battery Tech ETF
2023	$	38,976,032	$	–	$	–	$	38,976,032
2022		13,550,903		–		–		13,550,903
Global X SuperDividend® ETF
2023	$	71,554,165	$	–	$	17,865,200	$	89,419,365
2022		68,726,670		–		25,091,152		93,817,822
Global X Social Media ETF
2023	$	696,865	$	–	$	–	$	696,865
2022		–		–		663,636		663,636
Global X Guru® Index ETF
2023	$	140,340	$	–	$	13,339	$	153,679
2022		14,584		–		63,227		77,811

467

Notes to Financial Statements (Continued)

October 31, 2023

6. TAX INFORMATION (continued)

Global X Funds	Ordinary Income		Long-Term Capital Gain		Return of Capital		Totals
Global X SuperIncome™ Preferred ETF
2023	$	12,843,440	$	–	$	–	$	12,843,440
2022		12,532,497		–		653,473		13,185,970
Global X SuperDividend® U.S. ETF
2023	$	32,670,182	$	–	$	12,029,058	$	44,699,240
2022		27,892,254		–		13,969,909		41,862,163
Global X S&P 500® Covered Call ETF
2023	$	8,585,958	$	–	$	269,122,735	$	277,708,693
2022		35,714,783		–		133,893,882		169,608,665
Global X NASDAQ 100® Covered Call ETF
2023	$	–	$	–	$	875,982,507	$	875,982,507
2022		211,906,795		–		642,111,562		854,018,357
Global X MSCI SuperDividend® Emerging Markets ETF
2023	$	3,319,170	$	–	$	–	$	3,319,170
2022		5,018,224		–		1,057,591		6,075,815
Global X SuperDividend® REIT ETF
2023	$	17,667,250	$	–	$	6,960,250	$	24,627,500
2022		19,134,864		–		9,960,386		29,095,250
Global X Renewable Energy Producers ETF
2023	$	839,231	$	–	$	–	$	839,231
2022		1,233,925		–		–		1,233,925
Global X S&P 500® Catholic Values ETF
2023	$	7,699,184	$	–	$	–	$	7,699,184
2022		6,232,670		930,733		–		7,163,403
Global X MSCI SuperDividend® EAFE ETF
2023	$	736,065	$	–	$	–	$	736,065
2022		742,260		–		–		742,260
Global X E-commerce ETF
2023	$	–	$	–	$	42,666	$	42,666
2022		283,940		613,980		66,565		964,485
Global X Russell 2000 Covered Call ETF
2023	$	2,455,329	$	–	$	170,194,451	$	172,649,780
2022		32,998,311		–		105,055,357		138,053,668
Global X S&P Catholic Values Developed ex-U.S. ETF
2023	$	253,178	$	–	$	–	$	253,178
2022		188,641		15,110		–		203,751
Global X Nasdaq 100® Covered Call & Growth ETF
2023	$	–	$	–	$	4,776,529	$	4,776,529
2022		3,262,405		–		2,741,520		6,003,925
Global X S&P 500® Covered Call & Growth ETF
2023	$	376,487	$	–	$	2,498,448	$	2,874,935
2022		1,862,038		3,646		1,465,030		3,330,714
Global X Emerging Markets Internet & E-commerce ETF
2023	$	5,946	$	–	$	1,727	$	7,673

468

Notes to Financial Statements (Continued)

October 31, 2023

6. TAX INFORMATION (continued)

Global X Funds	Ordinary Income		Long-Term Capital Gain		Return of Capital		Totals
2022		–		–		9,979		9,979
Global X NASDAQ 100® Tail Risk ETF
2023	$	4,771	$	–	$	–	$	4,771
2022		66,715		–		–		66,715
Global X NASDAQ 100® Risk Managed Income ETF
2023	$	–	$	–	$	1,196,718	$	1,196,718
2022		128,024		–		869,114		997,138
Global X NASDAQ 100® Collar 95-110 ETF
2023	$	8,877	$	–	$	–	$	8,877
2022		55,614		2,343		–		57,957
Global X S&P 500® Tail Risk ETF
2023	$	32,745	$	–	$	–	$	32,745
2022		91,737		4,597		–		96,334
Global X S&P 500® Risk Managed Income ETF
2023	$	41,006	$	–	$	3,063,982	$	3,104,988
2022		472,058		–		1,738,194		2,210,252
Global X S&P 500® Collar 95-110 ETF
2023	$	40,011	$	–	$	–	$	40,011
2022		70,495		413		–		70,908
Global X Disruptive Materials ETF
2023	$	77,885	$	–	$	–	$	77,885
2022		47,516		–		–		47,516
Global X Dow 30® Covered Call ETF
2023	$	609,561	$	–	$	4,969,158	$	5,578,719
2022		734,788		–		1,115,840		1,850,628
Global X Russell 2000 Covered Call & Growth ETF
2023	$	101,250	$	2,217	$	152,549	$	256,016
2022		12,860		–		–		12,860
Global X Financials Covered Call & Growth ETF
2023	$	84,987	$	–	$	42,333	$	127,320
Global X Health Care Covered Call & Growth ETF
2023	$	122,360	$	–	$	–	$	122,360
Global X Information Technology Covered Call & Growth ETF
2023	$	166,221	$	–	$	–	$	166,221
Global X NASDAQ 100® ESG Covered Call ETF
2023	$	206,140	$	–	$	–	$	206,140
Global X S&P 500® ESG Covered Call ETF
2023	$	44,960	$	–	$	86,314	$	131,274
Global X Dow 30® Covered Call & Growth ETF
2023	$	9,566	$	–	$	13,830	$	23,396

As of October 31, 2023, the components of tax basis distributable earnings (accumulated losses) were as follows:

469

Notes to Financial Statements (Continued)

October 31, 2023

6. TAX INFORMATION (continued)

	Global X Funds
	Global X Lithium & Battery Tech ETF			Global X SuperDividend® ETF			Global X Social Media ETF
Undistributed Ordinary Income	$	13,418,223		$	–		$	221,843
Capital Loss Carryforwards		(709,741,048	)		(875,799,892	)		(102,258,532	)
Unrealized Depreciation on Investments and Foreign Currency		(442,916,833	)		(148,395,913	)		(89,142,998	)
Other Temporary Differences		(12	)		(16	)		1
Total Accumulated Losses	$	(1,139,239,670	)	$	(1,024,195,821	)	$	(191,179,686	)
	Global X Funds
	Global X Guru® Index ETF			Global X SuperIncome™ Preferred ETF			Global X SuperDividend® U.S. ETF
Undistributed Ordinary Income	$	–		$	690,570		$	–
Capital Loss Carryforwards		(20,896,196	)		(107,036,095	)		(183,409,023	)
Unrealized Depreciation on Investments and Foreign Currency		(2,638,826	)		(20,499,314	)		(70,013,786	)
Other Temporary Differences		(7	)		7			4
Total Accumulated Losses	$	(23,535,029	)	$	(126,844,832	)	$	(253,422,805	)
	Global X Funds
	Global X S&P 500® Covered Call ETF			Global X NASDAQ 100® Covered Call ETF			Global X MSCI SuperDividend® Emerging Markets ETF
Undistributed Ordinary Income	$	–		$	–		$	190,241
Capital Loss Carryforwards		(110,562,611	)		(454,629,649	)		(30,084,393	)
Unrealized Depreciation on Investments and Foreign Currency		(1	)		–			(5,645,724	)
Other Temporary Differences		5,381			6			(2	)
Total Accumulated Losses	$	(110,557,231	)	$	(454,629,643	)	$	(35,539,878	)
	Global X Funds
	Global X SuperDividend® REIT ETF(1)			Global X Renewable Energy Producers ETF			Global X S&P 500® Catholic Values ETF
Undistributed Ordinary Income	$	–		$	276,433		$	3,291,295
Capital Loss Carryforwards		(223,665,882	)		(11,285,599	)		(5,249,389	)
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency		(68,727,995	)		(41,122,415	)		64,077,187
Other Temporary Differences		(1,911,500	)		(2	)		3
Total Distributable Earnings (Accumulated Losses)	$	(294,305,377	)	$	(52,131,583	)	$	62,119,096

470

Notes to Financial Statements (Continued)

October 31, 2023

6. TAX INFORMATION (continued)

	Global X Funds
	Global X MSCI SuperDividend® EAFE ETF			Global X E-commerce ETF			Global X Russell 2000 Covered Call ETF
Undistributed Ordinary Income	$	123,431		$	–		$	–
Capital Loss Carryforwards		(2,308,676	)		(21,904,088	)		(289,416,145	)
Unrealized Depreciation on Investments and Foreign Currency		(1,297,522	)		(46,987,499	)		–
Late Year Loss Deferral		–			(13,818	)		–
Other Temporary Differences		(5	)		1			6
Total Accumulated Losses	$	(3,482,772	)	$	(68,905,404	)	$	(289,416,139	)
	Global X Funds
	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
Undistributed Ordinary Income	$	152,209		$	–		$	–
Capital Loss Carryforwards		(305,713	)		(3,797,720	)		(2,267,522	)
Unrealized Depreciation on Investments and Foreign Currency		(888,246	)		–			–
Other Temporary Differences		2			(1	)		–
Total Accumulated Losses	$	(1,041,748	)	$	(3,797,721	)	$	(2,267,522	)
	Global X Funds
	Global X Emerging Markets Internet & E-commerce ETF			Global X NASDAQ 100® Tail Risk ETF			Global X NASDAQ 100® Risk Managed Income ETF
Undistributed Ordinary Income	$	–		$	2,466		$	–
Capital Loss Carryforwards		(1,886,802	)		(532,778	)		(2,285,474	)
Unrealized Depreciation on Investments and Foreign Currency		(1,677,113	)		–			–
Other Temporary Differences		–			–			1
Total Accumulated Losses	$	(3,563,915	)	$	(530,312	)	$	(2,285,473	)
	Global X Funds
	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
Undistributed Ordinary Income	$	4,067		$	11,623		$	–
Capital Loss Carryforwards		(370,940	)		(347,869	)		(3,651,301	)
Other Temporary Differences		2			–			–
Total Accumulated Losses	$	(366,871	)	$	(336,246	)	$	(3,651,301	)

471

Notes to Financial Statements (Continued)

October 31, 2023

6. TAX INFORMATION (continued)

	Global X Funds
	Global X S&P 500® Collar 95- 110 ETF			Global X Disruptive Materials ETF			Global X Dow 30® Covered Call ETF
Undistributed Ordinary Income	$	11,286		$	54,723		$	–
Capital Loss Carryforwards		(316,741	)		(1,020,325	)		(294,284	)
Unrealized Depreciation on Investments and Foreign Currency		–			(2,633,416	)		–
Other Temporary Differences		1			(2	)		–
Total Accumulated Losses	$	(305,454	)	$	(3,599,020	)	$	(294,284	)
	Global X Funds
	Global X Russell 2000 Covered Call & Growth ETF			Global X Financials Covered Call & Growth ETF			Global X Health Care Covered Call & Growth ETF
Undistributed Ordinary Income	$	–		$	–		$	64,863
Capital Loss Carryforwards		(329,834	)		–			–
Unrealized Depreciation on Investments and Foreign Currency		–			(215,889	)		(255,440	)
Other Temporary Differences		3			1			–
Total Accumulated Losses	$	(329,831	)	$	(215,888	)	$	(190,577	)
	Global X Funds
	Global X Information Technology Covered Call & Growth ETF			Global X NASDAQ 100® ESG Covered Call ETF			Global X S&P 500® ESG Covered Call ETF
Undistributed Ordinary Income	$	123,784		$	31,264		$	–
Undistributed Long-Term Capital Gain		–			235			–
Unrealized Appreciation on Investments and Foreign Currency		259,788			–			–
Other Temporary Differences		1			(1	)		(2	)
Total Distributable Earnings (Accumulated Losses)	$	383,573		$	31,498		$	(2	)

	Global X Funds
	Global X Dow 30® Covered Call & Growth ETF
Capital Loss Carryforwards	$	(146,683	)
Total Accumulated Losses	$	(146,683	)

⁽¹⁾ The Global X SuperDividend^® REIT ETF has a tax year that ends on December 31.

For taxable years beginning after December 22, 2010, a Registered Investment Company within the meaning of the 1940 Act is permitted to carry forward net capital losses to offset

472

Notes to Financial Statements (Continued)

October 31, 2023

6. TAX INFORMATION (continued)

capital gains realized in later years, and the losses carried forward retain their original character as either long-term or short-term losses. Losses carried forward under these provisions are as follows:

	Short-Term Loss		Long-Term Loss		Total
Global X Lithium & Battery Tech ETF	$	355,912,902	$	353,828,146	$	709,741,048
Global X SuperDividend® ETF		367,126,978		508,672,914		875,799,892
Global X Social Media ETF		17,019,328		85,239,204		102,258,532
Global X Guru® Index ETF		16,553,371		4,342,825		20,896,196
Global X SuperIncome™ Preferred ETF		30,612,061		76,424,034		107,036,095
Global X SuperDividend® U.S. ETF		159,480,584		23,928,440		183,409,024
Global X S&P 500® Covered Call ETF(1)		–		110,562,611		110,562,611
Global X NASDAQ 100® Covered Call ETF(2)		–		454,629,649		454,629,649
Global X MSCI SuperDividend® Emerging Markets ETF		22,559,808		7,524,585		30,084,393
Global X SuperDividend® REIT ETF		168,985,755		54,680,127		223,665,882
Global X Renewable Energy Producers ETF		3,312,422		7,973,177		11,285,599
Global X S&P 500® Catholic Values ETF		2,311,247		2,938,142		5,249,389
Global X MSCI SuperDividend® EAFE ETF		474,711		1,833,965		2,308,676
Global X E-commerce ETF		2,820,527		19,083,561		21,904,088
Global X Russell 2000 Covered Call ETF(3)		115,766,458		173,649,687		289,416,145
Global X S&P Catholic Values Developed ex-U.S. ETF		148,206		157,507		305,713
Global X Nasdaq 100® Covered Call & Growth ETF(4)		–		3,797,720		3,797,720
Global X S&P 500® Covered Call & Growth ETF(5)		–		2,267,522		2,267,522
Global X Emerging Markets Internet & E-commerce ETF		418,302		1,468,500		1,886,802
Global X NASDAQ 100® Tail Risk ETF(6)		66,442		466,336		532,778
Global X NASDAQ 100® Risk Managed Income ETF(7)		748,175		1,537,299		2,285,474
Global X NASDAQ 100® Collar 95-110 ETF(8)		17,262		353,678		370,940
Global X S&P 500® Tail Risk ETF		21,340		326,529		347,869
Global X S&P 500® Risk Managed Income ETF(9)		1,460,937		2,190,364		3,651,301
Global X S&P 500® Collar 95-110 ETF		66,167		250,574		316,741
Global X Disruptive Materials ETF		536,299		484,026		1,020,325
Global X Dow 30® Covered Call ETF		50,267		244,017		294,284
Global X Russell 2000 Covered Call & Growth ETF		131,934		197,900		329,834
Global X Dow 30® Covered Call & Growth ETF		58,673		88,010		146,683

⁽¹⁾ The prior year ending balances of $96,805,692 (ST) and $145,227,280 (LT) (not presented herein), have been revised to correct for an error in the accounting for the mixed straddle election. The “as revised” balances (also not presented herein) are $86,965,261 (ST) and $130,466,633 (LT). Additionally, the same error resulted in Accumulated Losses and Paid in Capital, as presented on the Statement of Assets and Liabilities as of October 31, 2022, being understated and overstated,

473

Notes to Financial Statements (Continued)

October 31, 2023

6. TAX INFORMATION (continued)

respectively, by an equal and offsetting amount totaling $24,601,078. Management has determined that the impact of these errors are not material to the prior year financial statements.

⁽²⁾ The prior year ending balances of $656,016,216 (ST) and $984,024,325 (LT) (not presented herein), have been revised to correct for an error in the accounting for the mixed straddle election. The “as revised” balances (also not presented herein) are $574,804,574 (ST) and $862,206,861 (LT). Additionally, the same error resulted in Accumulated Losses and Paid in Capital, as presented on the Statement of Assets and Liabilities as of October 31, 2022, being understated and overstated, respectively, by an equal and offsetting amount totaling $203,029,105. Management has determined that the impact of these errors are not material to the prior year financial statements.

⁽³⁾ The prior year ending balances of $66,140,478 (ST) and $99,210,716 (LT) (not presented herein), have been revised to correct for an error in the accounting for the mixed straddle election. The “as revised” balances (also not presented herein) are $65,115,657 (ST) and $97,673,485 (LT).Additionally, the same error resulted in Accumulated Losses and Paid in Capital, as presented on the Statement of Assets and Liabilities as of October 31, 2022, being understated and overstated, respectively, by an equal and offsetting amount totaling $2,562,052. Management has determined that the impact of these errors are not material to the prior year financial statements.

⁽⁴⁾ The prior year ending balances of $7,919,707 (ST) and $11,879,561 (LT) (not presented herein), have been revised to correct for an error in the accounting for the mixed straddle election. The “as revised” balances (also not presented herein) are $6,622,752 (ST) and $9,934,128 (LT). Additionally, the same error resulted in Accumulated Losses and Paid in Capital, as presented on the Statement of Assets and Liabilities as of October 31, 2022, being understated and overstated, respectively, by an equal and offsetting amount totaling $3,242,388. Management has determined that the impact of these errors are not material to the prior year financial statements.

⁽⁵⁾ The prior year ending balances of $2,881,662 (ST) and $4,323,051 (LT) (not presented herein), have been revised to correct for an error in the accounting for the mixed straddle election. The “as revised” balances (also not presented herein) are $2,121,596 (ST) and $3,182,952 (LT). Additionally, the same error resulted in Accumulated Losses and Paid in Capital, as presented on the Statement of Assets and Liabilities as of October 31, 2022, being understated and overstated, respectively, by an equal and offsetting amount totaling $1,900,165. Management has determined that the impact of these errors are not material to the prior year financial statements.

⁽⁶⁾ The prior year ending balances of $298,494 (ST) and $447,741 (LT) (not presented herein), have been revised to correct for an error in the accounting for the mixed straddle election. The “as revised” balances (also not presented herein) are $313,824 (ST) and $470,735 (LT). Additionally, the same error resulted in Accumulated Losses and Paid in Capital, as presented on the Statement of Assets and Liabilities as of October 31, 2022, being understated and overstated, respectively, by an equal and offsetting amount totaling $38,325. Management has determined that the impact of these errors are not material to the prior year financial statements.

⁽⁷⁾ The prior year ending balances of $918,195 (ST) and $1,377,293 (LT) (not presented herein), have been revised to correct for an error in the accounting for the mixed straddle election. The “as revised” balances (also not presented herein) are $970,602 (ST) and $1,455,902 (LT). Additionally, the same error resulted in Accumulated Losses and Paid in Capital, as presented on the Statement of Assets and Liabilities as of October 31, 2022, being understated and overstated, respectively, by an equal and

474

Notes to Financial Statements (Continued)

October 31, 2023

6. TAX INFORMATION (continued)

offsetting amount totaling $131,015. Management has determined that the impact of these errors are not material to the prior year financial statements.

⁽⁸⁾ The prior year ending balances of $213,983 (ST) and $320,974 (LT) (not presented herein), have been revised to correct for an error in the accounting for the mixed straddle election. The “as revised” balances (also not presented herein) are $229,330 (ST) and $343,996 (LT). Additionally, the same error resulted in Accumulated Losses and Paid in Capital, as presented on the Statement of Assets and Liabilities as of October 31, 2022, being understated and overstated, respectively, by an equal and offsetting amount totaling $38,369. Management has determined that the impact of these errors are not material to the prior year financial statements.

⁽⁹⁾ The prior year ending balances of $1,478,770 (ST) and $2,218,198 (LT) (not presented herein), have been revised to correct for an error in the accounting for the mixed straddle election. The “as revised” balances (also not presented herein) are $1,223,164 (ST) and $1,834,789 (LT). Additionally, the same error resulted in Accumulated Losses and Paid in Capital, as presented on the Statement of Assets and Liabilities as of October 31, 2022, being understated and overstated, respectively, by an equal and offsetting amount totaling $639,015. Management has determined that the impact of these errors are not material to the prior year financial statements.

During the year ended October 31, 2023, the following Funds utilized capital loss carryforwards to offset capital gains amounting to:

	Short-Term Loss		Long-Term Loss		Total
Global X S&P 500® Covered Call ETF	$	86,934,159	$	19,721,271	$	106,655,430
Global X NASDAQ 100® Covered Call ETF		574,804,574		407,577,212		982,381,786
Global X SuperDividend® REIT ETF		–		14,376,608		14,376,608
Global X S&P 500® Catholic Values ETF		142,058		–		142,058
Global X E-commerce ETF		214,740		–		214,740
Global X Nasdaq 100® Covered Call & Growth ETF		6,622,752		6,136,408		12,759,160
Global X S&P 500® Covered Call & Growth ETF		2,120,851		910,975		3,031,826
Global X Emerging Markets Internet & E-commerce ETF		13,665		–		13,665
Global X NASDAQ 100® Tail Risk ETF		247,382		4,398		251,780
Global X NASDAQ 100® Risk Managed Income ETF		222,427		–		222,427
Global X NASDAQ 100® Collar 95-110 ETF		212,068		–		212,068
Global X S&P 500® Tail Risk ETF		186,833		–		186,833
Global X S&P 500® Collar 95-110 ETF		93,274		–		93,274
Global X Dow 30® Covered Call ETF		337,233		337,233		674,466

475

Notes to Financial Statements (Continued)

October 31, 2023

6. TAX INFORMATION (continued)

The Federal tax cost basis of investments and aggregate gross unrealized appreciation and depreciation on investments held by the Funds at October 31, 2023 were as follows:

Global X Funds	Federal Tax Cost		Aggregated Gross Unrealized Appreciation		Aggregated Gross Unrealized Depreciation			Net Unrealized Appreciation (Depreciation)
Global X Lithium & Battery Tech ETF	$	2,650,374,459	$	133,760,153	$	(576,676,986	)	$	(442,916,833	)
Global X SuperDividend® ETF		860,169,208		26,911,183		(175,307,095	)		(148,395,912	)
Global X Social Media ETF		232,217,576		6,299,858		(95,442,856	)		(89,142,998	)
Global X Guru® Index ETF		45,842,238		2,979,323		(5,618,149	)		(2,638,826	)
Global X SuperIncome™ Preferred ETF		177,156,413		521,386		(21,020,700	)		(20,499,314	)
Global X SuperDividend® U.S. ETF		660,695,175		59,211,279		(129,225,065	)		(70,013,786	)
Global X S&P 500® Covered Call ETF		2,801,099,164		306,135,760		(306,135,761	)		(1	)
Global X NASDAQ 100® Covered Call ETF		7,510,629,343		1,467,600,749		(1,467,600,749	)		–
Global X MSCI SuperDividend® Emerging Markets ETF		47,275,385		3,419,403		(9,065,127	)		(5,645,724	)
Global X SuperDividend® REIT ETF		292,459,244		1,918,797		(76,965,454	)		(75,046,657	)
Global X Renewable Energy Producers ETF		86,081,674		718,902		(41,841,317	)		(41,122,415	)
Global X S&P 500® Catholic Values ETF		606,805,922		118,751,354		(54,674,167	)		64,077,187
Global X MSCI SuperDividend® EAFE ETF		11,319,748		535,914		(1,833,436	)		(1,297,522	)
Global X E-commerce ETF		109,564,347		1,054,412		(48,041,911	)		(46,987,499	)
Global X Russell 2000 Covered Call ETF		1,403,448,540		107,030,370		(107,030,370	)		–
Global X S&P Catholic Values Developed ex-U.S. ETF		15,313,436		631,053		(1,519,299	)		(888,246	)
Global X Nasdaq 100® Covered Call & Growth ETF		102,085,927		9,160,849		(9,160,849	)		–
Global X S&P 500® Covered Call & Growth ETF		60,935,023		2,941,814		(2,941,814	)		–
Global X Emerging Markets Internet & E-commerce ETF		4,067,337		86,571		(1,763,684	)		(1,677,113	)
Global X NASDAQ 100® Tail Risk ETF		1,360,975		95,605		(95,605	)		–
Global X NASDAQ 100® Risk Managed Income ETF		11,795,194		835,101		(835,101	)		–
Global X NASDAQ 100® Collar 95-110 ETF		2,109,450		173,675		(173,675	)		–
Global X S&P 500® Tail Risk ETF		2,418,932		246,135		(246,135	)		–

476

Notes to Financial Statements (Continued)

October 31, 2023

6. TAX INFORMATION (continued)

Global X Funds	Federal Tax Cost		Aggregated Gross Unrealized Appreciation		Aggregated Gross Unrealized Depreciation			Net Unrealized Appreciation (Depreciation)
Global X S&P 500® Risk Managed Income ETF	$	27,063,940	$	2,288,146	$	(2,288,146	)	$	–
Global X S&P 500® Collar 95-110 ETF		2,217,495		220,101		(220,101	)		–
Global X Disruptive Materials ETF		10,307,679		5,496		(2,638,912	)		(2,633,416	)
Global X Dow 30® Covered Call ETF		78,857,929		4,089,794		(4,089,794	)		–
Global X Russell 2000 Covered Call & Growth ETF		8,269,956		–		–			–
Global X Financials Covered Call & Growth ETF		2,444,167		48,956		(264,845	)		(215,889	)
Global X Health Care Covered Call & Growth ETF		2,831,064		56,673		(312,113	)		(255,440	)
Global X Information Technology Covered Call & Growth ETF		3,202,285		571,442		(311,654	)		259,788
Global X NASDAQ 100® ESG Covered Call ETF		2,473,495		204,513		(204,513	)		–
Global X S&P 500® ESG Covered Call ETF		2,374,535		181,432		(181,432	)		–
Global X Dow 30® Covered Call & Growth ETF		2,414,200		27,519		(27,519	)		–

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 United States. In particular, the assets and profits appearing on the financial statements of emerging market country issuers may not reflect their financial position or results of operations in the same manner as financial statements for U.S. issuers.

477

Notes to Financial Statements (Continued)

October 31, 2023

7. CONCENTRATION OF RISKS (continued)

Substantially less information may be publicly available about emerging market country issuers than is available about issuers in the United States.

The Funds may be subject to taxes imposed by countries in which they invest. Such taxes are generally based on either income, gains earned or repatriated. The Funds accrue and apply such taxes to net investment income, net realized gains and net unrealized gains as income and/or capital gains are earned.

Except for the Global X Russell 2000^® 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).

Certain Funds may invest in commodity related securities, which are susceptible to fluctuations in certain commodity markets. Any negative changes in commodity markets could have a great impact on those securities.

Certain Funds may have investments in financial instruments that utilize the London Interbank Offered Rate (“LIBOR”) as the reference or benchmark rate for variable interest rate calculations. LIBOR was intended to measure the rate generally at which banks can lend and borrow from one another in the relevant currency on an unsecured basis. The UK Financial Conduct Authority (“FCA”), the regulator that oversees LIBOR, announced that the majority of LIBOR rates would cease to be published or would no longer be representative on January 1, 2022. The publication of most LIBOR rates ceased at the end of 2021, and the remaining USD LIBOR rates ceased to be published after June 2023. There remains uncertainty and risks relating to the continuing LIBOR transition and its effects on the Funds and the instruments in which the Funds invest. There can be no assurance that the composition or characteristics of any alternative reference rates (“ARRs”) or financial instruments in which the Funds invest that utilize ARRs will be similar to or produce the same value or economic equivalence as LIBOR or that these instruments will have

478

Notes to Financial Statements (Continued)

October 31, 2023

7. CONCENTRATION OF RISKS (continued)

the same volume or liquidity. Additionally, there remains uncertainty and risks relating to certain “legacy” USD LIBOR instruments that were issued or entered into before December 31, 2021 and the process by which a replacement interest rate will be identified and implemented into these instruments when USD LIBOR is ultimately discontinued. On December 16, 2022, the Federal Reserve Board adopted regulations implementing the Adjustable Interest Rate Act. The regulations provide a statutory fallback mechanism to replace LIBOR, by identifying benchmark rates based on the Secured Overnight Financing Rate (“SOFR”) that replaced LIBOR in certain financial contracts after June 30, 2023. These regulations apply only to contracts governed by U.S. law, among other limitations. The Funds may have instruments linked to other interbank offered rates that may also cease to be published in the future. The effects of such uncertainty and risks in “legacy” USD LIBOR instruments held by the Funds could result in losses to the Funds.

Please refer to each Fund’s prospectus and statement of additional information (“SAI”) for a more complete description of risks.

8. LOANS OF PORTFOLIO SECURITIES

Each Fund may lend portfolio securities having a market value up to one-third of its total assets. Security loans made pursuant to securities lending agreements with BBH and BNY Mellon are initially required to be secured by collateral equal to at least 102% of the value of domestic equity securities and American Depositary Receipts (“ADRs”) and 105% of the value of foreign equity securities (other than ADRs). Such collateral received in connection with these loans will be cash and can be invested in repurchase agreements, short-term investments or U.S. Treasury obligations, and is recognized in the Schedules of Investments and Statements of Assets and Liabilities. The obligation to return securities lending collateral is also recognized as a liability in the Statements of Assets and Liabilities. It is 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.

Securities pledged as collateral for repurchase agreements held in the Global X Lithium & Battery Tech ETF, Global X SuperDividend^® ETF, Global X Social Media ETF, Global X Guru^® Index ETF, Global X SuperDividend^® U.S. ETF, Global X MSCI SuperDividend^® Emerging Markets ETF, Global X Renewable Energy Producers ETF, and Global X E-commerce ETF, are held by BNY Mellon and are designated as being held on the Fund’s behalf under a book-entry system. The Funds monitor the adequacy of the collateral on a daily basis and can require the seller to provide additional collateral in the event the market value of the securities pledged falls below the carrying value of the repurchase agreement, including accrued interest. It is 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 the other party to a repurchase

479

Notes to Financial Statements (Continued)

October 31, 2023

8. LOANS OF PORTFOLIO SECURITIES (continued)

agreement defaults on its obligations and the Fund is prevented from exercising its rights to dispose of the underlying securities received as collateral and the risk of a possible decline in the value of the underlying securities during the period. For financial statement purposes, the Funds record the securities lending collateral (including in repurchase agreements, at value or restricted cash) as an asset and the obligation to return securities lending collateral as a liability on the Statement of Assets and Liabilities.

Cash collateral received in connection with securities lending is invested in repurchase agreements and short-term investments by the lending agent. The Funds do not have effective control of the non-cash collateral and therefore it is not disclosed in the Fund’s Schedule of Investments.

Securities lending transactions are entered into by the Funds under the Securities Lending Agreement, which permits a Fund, under certain circumstances such as an event of default, to offset amounts payable by the Fund to the same counterparty against amounts receivable from the counterparty to create a net payment due to or from the Fund.

The following is a summary of securities lending agreements held by the Funds, with cash collateral of overnight maturities and non-cash collateral, which would be subject to offset as of October 31, 2023.

	Gross Amount of Recognized Assets (Value of Securities on Loan)		Value of Cash Collateral Received(1)		Value of Non-Cash Collateral Received(1)		Net Amount
Global X Lithium & Battery Tech ETF	$	121,159,472	$	121,159,472	$	—	$	—
Global X SuperDividend® ETF		24,017,012		18,419,915		5,597,097		—
Global X Social Media ETF		2,413,260		2,413,260		—		—
Global X Guru® Index ETF		1,409,565		1,409,565		—		—
Global X SuperDividend® U.S. ETF		1,971,501		1,971,501		—		—
Global X MSCI SuperDividend®
Emerging Markets ETF		347,622		347,622		—		—
Global X Renewable Energy
Producers ETF		2,047,817		1,222,768		825,049		—
Global X E-commerce ETF		802,249		529,864		272,385		—

(1) Collateral and non-cash collateral received in excess of market value of securities on loan is not presented in this table. The total cash collateral received by the Fund is disclosed in the Statements of Assets and Liabilities.

480

Notes to Financial Statements (Continued)

October 31, 2023

8. LOANS OF PORTFOLIO SECURITIES (continued)

The value of loaned securities and related collateral outstanding at October 31, 2023 are shown in the Schedules of Investments. The value of the collateral held may be temporarily less than that required under the lending contract. As of October 31, 2023, the cash collateral was invested in repurchase agreements and the non-cash collateral consisted of U.S. Treasury Bills, Notes, Bonds and U.S. Treasury Inflation Indexed Bonds with the following maturities:

	Overnight and Continuous		<30 Days		Between 30 & 90 Days		>90 Days	Total
Global X Lithium & Battery Tech ETF
Repurchase Agreements	$	131,491,852	$	—	$	—	$—	$131,491,852
Total	$	131,491,852	$	—	$	—	$—	$131,491,852
Global X SuperDividend® ETF
Repurchase Agreements	$	19,721,246	$	—	$	—	$—	$19,721,246
U.S. Government Securities		—		—		—	5,597,097	5,597,097
Total	$	19,721,246	$	—	$	—	$5,597,097	$25,318,343
Global X Social Media ETF
Repurchase Agreements	$	2,569,231	$	—	$	—	$—	$2,569,231
Total	$	2,569,231	$	—	$	—	$—	$2,569,231
Global X Guru® Index ETF
Repurchase Agreements	$	1,484,508	$	—	$	—	$—	$1,484,508
Total	$	1,484,508	$	—	$	—	$—	$1,484,508
Global X SuperDividend® U.S. ETF
Repurchase Agreements	$	2,069,902	$	—	$	—	$—	$2,069,902
Total	$	2,069,902	$	—	$	—	$—	$2,069,902
Global X MSCI SuperDividend® Emerging Markets ETF
Repurchase Agreements	$	402,998	$	—	$	—	$—	$402,998
Total	$	402,998	$	—	$	—	$—	$402,998
Global X Renewable Energy Producers ETF
Repurchase Agreements	$	1,283,867	$	—	$	—	$—	$1,283,867
U.S. Government Securities		—		—		—	825,049	825,049
Total	$	1,283,867	$	—	$	—	$825,049	$2,108,916
Global X E-commerce ETF
Repurchase Agreements	$	548,141	$	—	$	—	$—	$548,141
U.S. Government Securities		—		—		—	272,385	272,385
Total	$	548,141	$	—	$	—	$272,385	$820,526

481

Notes to Financial Statements (Concluded)

October 31, 2023

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 given retroactive effect to reflect these reverse share splits. There were no changes in net assets, results of operations or total return as a result of these transactions.

10. CONTRACTUAL OBLIGATION

The Funds enter into contracts in the normal course of business that contain a variety of indemnifications. The Funds’ maximum exposure under these contracts is unknown; however, the Funds have not had prior gains or losses pursuant to these contracts. Management has reviewed the Funds’ existing contracts and expects the risk of loss to be remote.

Pursuant to the Trust’s organizational documents, the Trustees of the Trust and the Trust’s officers are indemnified against certain liabilities that may arise out of the performance of their duties.

11. SUBSEQUENT EVENTS

The Funds have been evaluated by management regarding the need for additional disclosures and/or adjustments resulting from subsequent events.

In preparing these financial statements, management has evaluated the need for additional disclosures and/or adjustments resulting from subsequent events through the date the financial statements were issued. On October 12, 2023 the Board approved the liquidation of the Global X Emerging Markets Internet & E-commerce ETF. The Fund was liquidated on November 17, 2023.

Based on this evaluation, no additional adjustments were required to the financial statements.

482

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Global X Funds and Shareholders of each of the Funds listed in the table below

Opinions on the Financial Statements

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of each of the funds listed in the table below (thirty-four of the funds constituting Global X Funds, hereafter collectively referred to as the “Funds”) as of October 31, 2023, the related statements of operations and of changes in net assets for each of the periods indicated in the table below, including the related notes, and the financial highlights for each of the periods indicated in the table below (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of October 31, 2023, the results of each of their operations, the changes in each of their net assets, and each of the financial highlights for each of the periods indicated in the table below, in conformity with accounting principles generally accepted in the United States of America.

Global X Lithium & Battery Tech ETF (1)	Global X S&P 500® Covered Call & Growth ETF (5)
Global X SuperDividend® ETF (1)	Global X Emerging Markets Internet & E-commerce ETF (6)
Global X Social Media ETF (1)	Global X Nasdaq 100® Tail Risk ETF (7)
Global X Guru® Index ETF (1)	Global X Nasdaq 100® Risk Managed Income ETF (7)
Global X SuperIncome™ Preferred ETF (1)	Global X Nasdaq 100® Collar 95-110 ETF (7)
Global X SuperDividend® U.S. ETF (1)	Global X S&P 500® Tail Risk ETF (7)
Global X S&P 500® Covered Call ETF (1)	Global X S&P 500® Risk Managed Income ETF (7)
Global X NASDAQ 100® Covered Call ETF (1)	Global X S&P 500® Collar 95-110 ETF (7)
Global X MSCI SuperDividend® Emerging Markets ETF (1)	Global X Disruptive Materials ETF (8)
Global X SuperDividend® REIT ETF (1)	Global X Dow 30® Covered Call ETF (9)
Global X Renewable Energy Producers ETF (1)	Global X Russell 2000 Covered Call & Growth ETF (10)
Global X S&P 500® Catholic Values ETF (1)	Global X Financials Covered Call & Growth ETF (11)
Global X MSCI SuperDividend® EAFE ETF (1)	Global X Health Care Covered Call & Growth ETF (11)
Global X E-commerce ETF (2)	Global X Information Technology Covered Call & Growth ETF (11)
Global X Russell 2000 Covered Call ETF (3)	Global X Nasdaq 100® ESG Covered Call ETF (12)

483

Report of Independent Registered Public Accounting Firm (Continued)

Global X S&P Catholic Values Developed ex-U.S. ETF (4)	Global X S&P 500® ESG Covered Call ETF (12)
Global X Nasdaq 100® Covered Call & Growth ETF (5)	Global X Dow 30® Covered Call & Growth ETF (13)

1.	Statements of operations for the year ended October 31, 2023, statements of changes in net assets for each of the two years in the period ended October 31, 2023 and the financial highlights for each of the five years in the period ended October 31, 2023.
2.	Statement of operations for the year ended October 31, 2023, statements of changes in net assets for each of the two years in the period ended October 31, 2023 and the financial highlights for each of the four years in the period ended October 31, 2023 and for the period November 27, 2018 (commencement of operations) through October 31, 2019.
3.	Statement of operations for the year ended October 31, 2023, statements of changes in net assets for each of the two years in the period ended October 31, 2023 and the financial highlights for each of the four years in the period ended October 31, 2023 and for the period April 17, 2019 (commencement of operations) through October 31, 2019.
4.	Statement of operations for the year ended October 31, 2023, statements of changes in net assets for each of the two years in the period ended October 31, 2023 and the financial highlights for each of the three years in the period ended October 31, 2023 and for the period June 22, 2020 (commencement of operations) through October 31, 2020.
5.	Statements of operations for the year ended October 31, 2023, statements of changes in net assets for each of the two years in the period ended October 31, 2023 and the financial highlights for each of the three years in the period ended October 31, 2023 and for the period September 18, 2020 (commencement of operations) through October 31, 2020.
6.	Statement of operations for the year ended October 31, 2023, statements of changes in net assets for each of the two years in the period ended October 31, 2023 and the financial highlights for each of the two years in the period ended October 31, 2023 and for the period November 9, 2020 (commencement of operations) through October 31, 2021.
7.	Statements of operations for the year ended October 31, 2023, statements of changes in net assets for each of the two years in the period ended October 31, 2023 and the financial highlights for each of the two years in the period ended October 31, 2023 and for the period August 25, 2021 (commencement of operations) through October 31, 2021.
8.	Statement of operations for the year ended October 31, 2023, statement of changes in net assets and the financial highlights for the year ended October 31, 2023 and for the period January 24, 2022 (commencement of operations) through October 31, 2022.
9.	Statement of operations for the year ended October 31, 2023, statement of changes in net assets and the financial highlights for the year ended October 31, 2023 and for the period February 23, 2022 (commencement of operations) through October 31, 2022.
10.	Statement of operations for the year ended October 31, 2023, statement of changes in net assets and the financial highlights for the year ended October 31, 2023 and for the period October 4, 2022 (commencement of operations) through October 31, 2022.
11.	Statements of operations and changes in net assets and the financial highlights for the period November 21, 2022 (commencement of operations) through October 31, 2023.
12.	Statements of operations and changes in net assets and the financial highlights for the period February 21, 2023 (commencement of operations) through October 31, 2023.
13.	Statements of operations and changes in net assets and the financial highlights for the period July 25, 2023 (commencement of operations) through October 31, 2023.

Basis for Opinions

These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our

484

Report of Independent Registered Public Accounting Firm (Concluded)

audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2023, by correspondence with the custodians and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

/s/PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
January 4, 2024

We have served as the auditor of one or more investment companies in Global X Funds since 2016.

485

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 (May 1, 2023 through October 31, 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.

486

Disclosure of Fund Expenses (Unaudited) (Continued)

	Beginning Account Value 5/1/2023		Ending Account Value 10/31/2023		Annualized Expense Ratios			Expenses Paid During Period(1)
Global X Lithium & Battery Tech ETF
Actual Fund Return	$	1,000.00		$789.20		0.75	%	$	3.38
Hypothetical 5% Return		1,000.00		1,021.43		0.75			3.82
Global X SuperDividend® ETF
Actual Fund Return	$	1,000.00		$953.70		0.58	%	$	2.86
Hypothetical 5% Return		1,000.00		1,022.28		0.58			2.96
Global X Social Media ETF
Actual Fund Return	$	1,000.00		$1,004.00		0.65	%	$	3.28
Hypothetical 5% Return		1,000.00		1,021.93		0.65			3.31
Global X Guru® Index ETF
Actual Fund Return	$	1,000.00		$976.60		0.75	%	$	3.74
Hypothetical 5% Return		1,000.00		1,021.43		0.75			3.82
Global X SuperIncome™ Preferred ETF
Actual Fund Return	$	1,000.00		$916.90		0.48	%	$	2.32
Hypothetical 5% Return		1,000.00		1,022.79		0.48			2.45
Global X SuperDividend® U.S. ETF
Actual Fund Return	$	1,000.00		$935.80		0.46	%	$	2.24
Hypothetical 5% Return		1,000.00		1,022.89		0.46			2.35
Global X S&P 500® Covered Call ETF
Actual Fund Return	$	1,000.00		$990.40		0.60	%	$	3.01
Hypothetical 5% Return		1,000.00		1,022.18		0.60			3.06
Global X NASDAQ 100® Covered Call ETF
Actual Fund Return	$	1,000.00		$1,017.90		0.60	%	$	3.05
Hypothetical 5% Return		1,000.00		1,022.18		0.60			3.06
Global X MSCI SuperDividend® Emerging Markets ETF
Actual Fund Return	$	1,000.00		$986.20		0.69	%	$	3.45
Hypothetical 5% Return		1,000.00		1,021.73		0.69			3.52
Global X SuperDividend® REIT ETF
Actual Fund Return	$	1,000.00		$896.60		0.58	%	$	2.77
Hypothetical 5% Return		1,000.00		1,022.28		0.58			2.96

487

Disclosure of Fund Expenses (Unaudited) (Continued)

	Beginning Account Value 5/1/2023		Ending Account Value 10/31/2023		Annualized Expense Ratios			Expenses Paid During Period(1)
Global X Renewable Energy Producers ETF
Actual Fund Return	$	1,000.00		$763.00		0.66	%	$	2.93
Hypothetical 5% Return		1,000.00		1,021.88		0.66			3.36
Global X S&P 500® Catholic Values ETF
Actual Fund Return	$	1,000.00		$1,002.80		0.29	%	$	1.46
Hypothetical 5% Return		1,000.00		1,023.74		0.29			1.48
Global X MSCI SuperDividend® EAFE ETF
Actual Fund Return	$	1,000.00		$926.90		0.56	%	$	2.72
Hypothetical 5% Return		1,000.00		1,022.38		0.56			2.85
Global X E-commerce ETF
Actual Fund Return	$	1,000.00		$977.00		0.50	%	$	2.49
Hypothetical 5% Return		1,000.00		1,022.69		0.50			2.55
Global X Russell 2000 Covered Call ETF
Actual Fund Return	$	1,000.00		$950.40		0.56	%	$	2.75
Hypothetical 5% Return		1,000.00		1,022.38		0.56			2.85
Global X S&P Catholic Values Developed ex-U.S. ETF
Actual Fund Return	$	1,000.00		$921.50		0.35	%	$	1.70
Hypothetical 5% Return		1,000.00		1,023.44		0.35			1.79
Global X Nasdaq 100® Covered Call & Growth ETF
Actual Fund Return	$	1,000.00		$1,054.70		0.60	%	$	3.11
Hypothetical 5% Return		1,000.00		1,022.18		0.60			3.06
Global X S&P 500® Covered Call & Growth ETF
Actual Fund Return	$	1,000.00		$1,001.00		0.60	%	$	3.03
Hypothetical 5% Return		1,000.00		1,022.18		0.60			3.06
Global X Emerging Markets Internet & E-commerce ETF
Actual Fund Return	$	1,000.00		$943.50		0.65	%	$	3.18
Hypothetical 5% Return		1,000.00		1,021.93		0.65			3.31
Global X NASDAQ 100® Tail Risk ETF
Actual Fund Return	$	1,000.00		$1,080.80		0.46	%	$	2.41
Hypothetical 5% Return		1,000.00		1,022.89		0.46			2.35

488

Disclosure of Fund Expenses (Unaudited) (Continued)

	Beginning Account Value 5/1/2023		Ending Account Value 10/31/2023		Annualized Expense Ratios			Expenses Paid During Period(1)
Global X NASDAQ 100® Risk Managed Income ETF
Actual Fund Return	$	1,000.00		$975.90		0.61	%	$	3.04
Hypothetical 5% Return		1,000.00		1,022.13		0.61			3.11
Global X NASDAQ 100® Collar 95-110 ETF
Actual Fund Return	$	1,000.00		$1,001.30		0.48	%	$	2.42
Hypothetical 5% Return		1,000.00		1,022.79		0.48			2.45
Global X S&P 500® Tail Risk ETF
Actual Fund Return	$	1,000.00		$1,008.70		0.47	%	$	2.38
Hypothetical 5% Return		1,000.00		1,022.84		0.47			2.40
Global X S&P 500® Risk Managed Income ETF
Actual Fund Return	$	1,000.00		$969.20		0.60	%	$	2.98
Hypothetical 5% Return		1,000.00		1,022.18		0.60			3.06
Global X S&P 500® Collar 95-110 ETF
Actual Fund Return	$	1,000.00		$990.10		0.46	%	$	2.31
Hypothetical 5% Return		1,000.00		1,022.89		0.46			2.35
Global X Disruptive Materials ETF
Actual Fund Return	$	1,000.00		$753.20		0.59	%	$	2.61
Hypothetical 5% Return		1,000.00		1,022.23		0.59			3.01
Global X Dow 30® Covered Call ETF
Actual Fund Return	$	1,000.00		$990.90		0.60	%	$	3.01
Hypothetical 5% Return		1,000.00		1,022.18		0.60			3.06
Global X Russell 2000 Covered Call & Growth ETF
Actual Fund Return	$	1,000.00		$948.70		0.50	%	$	2.46
Hypothetical 5% Return		1,000.00		1,022.69		0.50			2.55
Global X Financials Covered Call & Growth ETF
Actual Fund Return	$	1,000.00		$989.90		0.55	%	$	2.76
Hypothetical 5% Return		1,000.00		1,022.43		0.55			2.80
Global X Health Care Covered Call & Growth ETF
Actual Fund Return	$	1,000.00		$966.90		0.55	%	$	2.73
Hypothetical 5% Return		1,000.00		1,022.43		0.55			2.80

489

Disclosure of Fund Expenses (Unaudited) (Concluded)

	Beginning Account Value 5/1/2023		Ending Account Value 10/31/2023		Annualized Expense Ratios			Expenses Paid During Period(1)
Global X Information Technology Covered Call & Growth ETF
Actual Fund Return	$	1,000.00		$1,061.70		0.55	%	$	2.86
Hypothetical 5% Return		1,000.00		1,022.43		0.55			2.80
Global X NASDAQ 100® ESG Covered Call ETF
Actual Fund Return	$	1,000.00		$1,011.20		0.61	%	$	3.09
Hypothetical 5% Return		1,000.00		1,022.13		0.61			3.11
Global X S&P 500® ESG Covered Call ETF
Actual Fund Return	$	1,000.00		$983.50		0.60	%	$	3.00
Hypothetical 5% Return		1,000.00		1,022.18		0.60			3.06
Global X Dow 30® Covered Call & Growth ETF(3)
Actual Fund Return	$	1,000.00		$946.50		0.60	%	$	1.57(2)
Hypothetical 5% Return		1,000.00		1,011.81		0.60			1.62

(1)	Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied by 184/365 (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 98/365 (to reflect the one-half year period).
(3)	Commenced operations on July 25, 2023.

490

Liquidity Risk Management Program (unaudited)

Pursuant to Rule 22e-4 under the 1940 Act, the Funds’ investment adviser has adopted, and the Board has approved, a liquidity risk management program (the “Program”) to govern the Funds’ approach to managing liquidity risk. The Program is overseen by the Funds’ Liquidity Risk Management Committee (the “Committee”), and the Program’s principal objectives include assessing, managing and periodically reviewing each Fund’s liquidity risk, based on factors specific to the circumstances of the Funds.

At a meeting of the Board held on May 19, 2023, the Trustees received a report from the Committee addressing the operations of the Program and assessing its adequacy and effectiveness of implementation for the period from January 1, 2022 through December 31, 2022. The Committee’s report noted that the Committee had determined that the Program is reasonably designed to assess and manage each Fund’s Liquidity Risk and operated adequately and effectively to manage each Fund’s Liquidity Risk for the period covered by the report. The Committee’s report noted that during the period covered by the report, there were no liquidity events that impacted the Funds or their ability to timely meet redemptions without dilution to existing shareholders. The Committee’s report noted that one Fund, the Global X Nigeria Fund, was classified as an In-Kind Fund for purposes of Liquidity Reporting. The Committee’s report noted that no other material changes have been made to the Program since its implementation.

There can be no assurance that the Program will achieve its objectives in the future. Please refer to the prospectus for more information regarding a Fund’s exposure to liquidity risk and other principal risks to which an investment in the Funds may be subject.

491

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 a Board meeting of the Global X Funds (the “Trust”) held at the office of Global X Management Company LLC, the Trust’s investment adviser (“Global X Management”), on May 19, 2023 (the “New Fund Board Meeting”), the Board of Trustees (the “Board”) (including the Trust’s Independent Trustees, voting separately) considered and unanimously approved (i) the initial Investment Advisory Agreement (“New Investment Advisory Agreement”) for the Global X Dow 30® Covered Call & Growth ETF (“New Fund”) and (ii) the initial Supervision and Administration Agreement between the Trust (“New Supervision and Administration Agreement”), on behalf of the New Fund, and Global X Management. The New Investment Advisory Agreement and New Supervision and Administration Agreement are referred to collectively as the “New Fund Agreements.”

In advance of the Board meeting, the Board (including the Trust’s Independent Trustees) and the Independent Trustees’ independent legal counsel requested (in writing) detailed information from Global X Management in connection with the Board’s consideration of the New Fund Agreements and received and reviewed written responses from Global X Management and supporting materials relating to those requests for information. In the course of their consideration of the New Fund Agreements, the Trust’s Independent Trustees were advised by their independent legal counsel and, in addition to meetings with management of Global X Management, the Independent Trustees met separately in executive sessions with their counsel.

In determining to approve the New Fund Agreements for the New Fund, the Board considered a variety of factors, including the factors discussed in greater detail below.

Nature, Extent and Quality of Services

With respect to this factor, the Board considered:

• the terms of the New Fund Agreements and the range of services proposed to be provided to the New 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 Fund;

• Global X Management’s responsibilities under the New Fund Agreements to, among other things, (i) manage the investment operations of the New Fund and the composition of the New Fund’s assets, including the purchase, retention and disposition of its holdings, (ii) provide quarterly reports to the Trust’s officers and the Board and

492

Approval of Investment Advisory Agreement (Unaudited) (Continued)

other reports as the Board deems necessary or appropriate, (iii) vote proxies, exercise consents, and exercise all other rights appertaining to securities and assets held by the New Fund, (iv) select broker-dealers to execute portfolio transactions for the New Fund when necessary, (v) assist in the preparation and filing of reports and proxy statements (if any) to the shareholders of the New Fund, and the periodic updating of the registration statements, prospectuses, statements of additional information, and other reports and documents for the New Fund that are required to be filed by the Trust with the U.S. Securities and Exchange Commission (“SEC”) and other regulatory or governmental bodies, and (vi) monitor anticipated purchases and redemptions of the shares (including Creation Units) of the New Fund by shareholders and new investors;

• the nature, extent and quality of all of the services (including advisory, administrative and compliance services) that are proposed to be provided by Global X Management or made available to the New Fund; and

• the quality of Global X Management’s resources and personnel that would be made available to the New Fund, including Global X Management’s experience and the professional qualifications of Global X Management’s key personnel.

Based on these considerations, the Board concluded, at the New Fund Board Meeting, that it was satisfied with the nature, extent and quality of the services proposed to be provided to the New Fund by Global X Management.

Performance

The Board determined that, because the New Fund had not yet begun investment operations as of the date of the New Fund Board Meeting, meaningful data relating to the investment performance of the New Fund was not available and, therefore, could not be a factor in approving the New Fund Agreements.

Cost of Services and Profitability

With respect to this factor, the Board considered:

• Global X Management’s expected costs to provide investment management, supervision and administrative and related services to the New Fund;

• the management fee (including the proposed investment advisory fee) (“Management Fee”) that was proposed to be borne by the New Fund under the New Fund Agreements for the various investment advisory, supervisory and administrative services that the New Fund requires under a unitary fee structure (including the types of fees and

493

Approval of Investment Advisory Agreement (Unaudited) (Continued)

expenses that are not included within the unitary fee and would be borne by the New Fund); and

• the expected profitability to Global X Management, if any, from all of the services proposed to be provided to the New Fund by Global X Management and all aspects of the relationship between Global X Management and the New Fund.

Based on these considerations, the Board concluded that the proposed Management Fee to be paid by the New Fund to Global X Management, in light of the nature, extent and quality of the services to be provided, was reasonable and in the best interests of the New Fund’s shareholders.

Comparison of Fees and Services

With respect to this factor, the Board considered:

• comparative information with respect to the proposed Management Fee to be paid to Global X Management by the New Fund. In connection with this consideration, Global X Management provided the Board with comparative expense data for the New Fund, including fees and expenses paid by unaffiliated similar specialized and/ or focused ETFs, and/or other similar registered funds;

• the structure of the proposed unitary Management Fee (which includes as one component the proposed investment advisory fee for the New Fund) and the expected total expense ratio for the New Fund. In this regard, the Board took into consideration that the purpose of adopting a unitary Management Fee structure for the New Fund was to create a simple, all-inclusive fee that would provide a level of predictability with respect to the overall expense ratio (i.e., the total fees) of the New Fund and that the proposed Management Fee for the New Fund was set at a competitive level to make the New Fund viable in the marketplace; and

• that, under the proposed unified Management Fee structure, Global X Management would be responsible for most ordinary expenses of the New Fund, including the costs of various third-party services required by the New Fund, including investment advisory, administrative, audit, certain custody, portfolio accounting, legal, transfer agency and printing costs, but that the New Fund would bear other expenses not covered under the proposed all-inclusive Management Fee, such as taxes, brokerage fees, commissions, and other transaction expenses, interest expenses, and extraordinary expenses.

Based on these considerations, the Board concluded, at the New Fund Board Meeting, that the services to be received and the fees to be charged under the New Fund Agreements were reasonable on a comparative basis.

494

Approval of Investment Advisory Agreement (Unaudited) (Concluded)

Economies of Scale

With respect to this factor, the Board considered:

• the extent to which economies of scale would be realized as the New Fund grows and whether the proposed unitary Management Fee for the New Fund reflected these economies of scale;

• the significant investment of time, personnel and other resources that Global X Management intends to make in the New Fund in order to seek to assure that the New Fund is attractive to investors; and

• that the proposed unitary Management Fee would provide a high level of certainty as to the total level of expenses for the New Fund and its shareholders.

Based on these considerations, the Board concluded, at the New Fund Board Meeting, that the proposed unitary Management Fee for the New Fund appropriately addressed economies of scale.

Other Benefits

In considering the New Fund Agreements, 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 Fund. As a result, the Board concluded that, in the case of the New Fund, in the exercise of the Board’s business judgement, all information the Board considered supported approval of the New Fund Agreements.

Conclusion

After full consideration of the factors above, as well as other factors that were instructive in their consideration, the Board, including all of the Trust’s Independent Trustees voting separately, concluded, in the exercise of its business judgement, that the New Fund Agreements were fair and reasonable and in the best interest of the New Fund.

In reaching this decision, the Board did not assign relative weights to the factors above nor did the Board deem any one factor or group of them to be controlling in and of themselves. Each member of the Board may have assigned different weights to the various factors.

495

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. A Fund’s Market Price may be at, above or below its NAV. The NAV of a Fund will fluctuate with changes in the market value of the Fund’s holdings. The Market Price of a Fund will fluctuate in accordance with changes in its NAV, as well as market supply and demand.

Premiums or discounts are the differences (expressed as a percentage) between the NAV and Market Price of a Fund on a given day, generally at the time NAV is calculated. A premium is the amount that a Fund is trading above the reported NAV, expressed as a percentage of the NAV. A discount is the amount that a Fund is trading below the reported NAV, expressed as a percentage of the NAV.

Further information regarding premiums and discounts is available on the Funds’ website at www.globalxetfs.com.

496

Trustees and Officers of the Trustees (unaudited)

The Trustees and officers are identified in the table below, which provides information as to their principal business occupations held during the last five years and certain other information. Each Trustee serves until his or her death, resignation or removal and replacement. The Trust’s Statement of Additional Information (“SAI”) includes additional information about the Trustees and officers. The SAI may be obtained without charge by calling 1-888-493-8631. The address for all Trustees and officers is c/o Global X Funds^®, 605 3rd Avenue, 43rd Floor, New York, New York 10158. The following chart lists Trustees and Officers as of December 15, 2023.

Name (Year of Birth)	Position(s) Held with Trust	Principal Occupation(s) During the Past 5 Years	Number of Funds in Trust Overseen by Trustee4	Other Directorships Held by Trustees
Independent Trustees1, 2
Charles A. Baker (1953)	Trustee (since 07/2018)	Chief Executive Officer of Investment Innovations LLC (investment consulting) (since 2013); Managing Director of NYSE Euronext (2003 to 2012).	113 funds (108 of which were operational)	Trustee of OSI ETF Trust (2016-2022).
Susan M. Ciccarone (1973)	Trustee (since 09/2019)	Partner, Further Global Capital Management (private equity) (since 2017); formerly Chief Operating Officer (2014-2016) and Chief Financial Officer (2012-2016), Emerging Global Advisors, LLC (ETF issuer).	113 funds (108 of which were operational)	Director of E78 Partners (since 2022); Director of ProSight Global, Inc. (since 2021); Director of Casa Holdco LP, parent of Celink (since 2018); Chairman, Payment Alliance International, Inc. (2019-2021).
Clifford J. Weber (1963)	Trustee (since 07/2018)	Owner, Financial Products Consulting Group LLC (consulting services to financial institutions) (since 2015); Formerly, Executive Vice President of Global Index and Exchange-Traded Products, NYSE Market, Inc., a subsidiary of Intercontinental Exchange (ETF/ETP listing exchange) (2013- 2015).	113 funds (108 of which were operational)	Chairman and Trustee of Clayton Street Trust (since 2016); Chairman and Trustee of Janus Detroit Street Trust (since 2016); Trustee of Clough Global Equity Fund (since 2017); Trustee of Clough Global Dividend and Income Fund (since 2017); Trustee of Clough Global Opportunities Fund (since 2017); Chairman (2017-2023) and Trustee (2015- 2023) of Clough Funds Trust; and Chairman and Trustee of Elevation ETF Trust (2016-2018).

497

Trustees and Officers of the Trustees (unaudited)

Name (Year of Birth)	Position(s) Held with Trust	Principal Occupation(s) During the Past 5 Years	Number of Funds in Trust Overseen by Trustee	Other Directorships Held by Trustees
Interested Trustee/Officers1, 2
Thomas Park (1978)	President (since 11/2023)	Chief Executive Officer, GXMC (since 11/2023); Co-Chief Executive Officer Mirae Asset Global Investments (USA) (since 12/2022); President of Mirae Asset Global Investments (USA) (1/2020- 12/2022); and Executive Managing Director of Mirae Asset Global Investments (USA) (2011- 2022).	N/A	N/A
Alex Ashby (1986)	Chief Operating Officer (since 11/2023)	Head of Product Development, GXMC (since 2019); Vice President, Director of Product Development (2015 - 2018).	N/A	N/A
Susan Lively (1981)	Secretary (since 09/2020)	General Counsel, GXMC (since 9/2020); Senior Corporate Counsel at Franklin Templeton (previously, Managing Director and Associate General Counsel at Legg Mason & Co., LLC) (2014-2020).	N/A	N/A
Eric Griffith3 (1969)	Assistant Secretary (since 02/2020)	Counsel, SEI Investments (since 10/2019); Vice President and Assistant General Counsel, JPMorgan Chase & Co. (2012-2018).	N/A	N/A
Joe Costello (1974)	Chief Compliance Officer (since 09/2016)	Chief Compliance Officer, GXMC (since 09/2016).	N/A	N/A
Ronnie Riven (1984)	Chief Financial Officer (since 11/2023); Treasurer and Principal Accounting Officer (since 12/2020)	Head of Finance & Business Management, GXMC (since 01/2022); Treasurer, GXMC (since 02/2022); Director of Finance, GXMC (08/2018- 12/2021); Director of Accounting and Finance at Barclays Center (2016-2018).	N/A	N/A
Eric Olsen3 (1970)	Assistant Treasurer (since 05/2021)	Director of Accounting, SEI Investment Manager Services (March 2021 to present); Deputy Head of Fund Operations, Traditional Assets, Aberdeen Standard Investments (2013-2021).	N/A	N/A

1	Each Trustee serves until his or her successor is duly elected or appointed and qualified.
2	Luis Berruga served as an Interested Trustee of the Trust until December 15, 2023, and as President of the Trust until November 21, 2023. John Belanger served as Chief Operating Officer of the Trust and as Chief Financial Officer of the Trust until November 28, 2023.
3	These officers of the Trust also serve as officers of one or more funds for which SEI Investments Company or an affiliate acts as investment manager, administrator or distributor.
4	As of October 31, 2023.

498

Notice to Shareholders (unaudited)

For shareholders that do not have an October 31, 2023 tax year end, this notice is for informational purposes only. For shareholders with an October 31, 2023 tax year end, please consult your tax advisor as to the pertinence of this notice.

	Return of Capital	Long-Term Capital Gain Distributions	Ordinary Income Distributions	Total Distributions	Qualifying for Corporate Dividends Received Deduction(1)	Qualifying Dividend Income(2)
Global X Lithium and Battery Tech ETF
	0.00	0.00%	100.00%	100.00%	28.94%	84.22%
Global X SuperDividend® ETF
	24.12%	0.00%	75.88%	100.00%	0.00%	33.89%
Global X Social Media ETF
	0.00%	0.00%	100.00%	100.00%	0.00%	29.34%
Global X Guru® Index ETF
	9.50%	0.00%	90.50%	100.00%	100.00%	100.00%
Global X SuperIncome™ Preferred ETF
	0.00%	0.00%	100.00%	100.00%	72.44%	72.44%
Global X SuperDividend® U.S. ETF
	36.82%	0.00%	63.18%	100.00%	66.33%	66.16%
Global X S&P 500® Covered Call ETF
	90.58%	0.00%	9.42%	100.00%	0.00%	0.00%
Global X NASDAQ 100® Covered Call ETF
	97.51%	0.00%	2.49%	100.00%	0.00%	0.00%
Global X MSCI SuperDividend® Emerging Markets ETF
	0.00%	0.00%	100.00%	100.00%	0.00%	54.45%
Global X SuperDividend® REIT ETF
	38.66%	0.00%	61.34%	100.00%	0.00%	9.33%
Global X Renewable Energy Producers ETF
	0.00%	0.00%	100.00%	100.00%	15.69%	100.00%
Global X S&P 500® Catholic Values ETF
	0.00%	0.00%	100.00%	100.00%	85.44%	87.84%
Global X MSCI SuperDividend® EAFE ETF
	0.00%	0.00%	100.00%	100.00%	0.00%	76.96%
Global X E-commerce ETF
	100.00%	0.00%	0.00%	100.00%	0.00%	0.00%
Global X Russell 2000 Covered Call ETF
	91.55%	0.00%	8.45%	100.00%	0.00%	0.00%
Global X S&P Catholic Values Developed ex-U.S. ETF
	0.00%	0.00%	100.00%	100.00%	0.00%	94.17%
Global X Nasdaq 100® Covered Call & Growth ETF
	95.66%	0.00%	4.34%	100.00%	0.00%	0.00%
Global X S&P 500® Covered Call & Growth ETF
	81.26%	0.00%	18.74%	100.00%	0.00%	0.00%
Global X Emerging Markets Internet & E-commerce ETF
	29.04%	0.00%	70.96%	100.00%	0.01%	58.99%
Global X NASDAQ 100® Tail Risk ETF
	0.00%	0.00%	100.00%	100.00%	0.00%	0.00%
Global X NASDAQ 100® Risk Managed Income ETF
	97.55%	0.00%	2.45%	100.00%	0.00%	0.00%
Global X NASDAQ 100® Collar 95-110 ETF
	0.00%	0.00%	100.00%	100.00%	0.00%	0.00%
Global X S&P 500® Tail Risk ETF
	0.00%	0.00%	100.00%	100.00%	0.00%	0.00%
Global X S&P 500® Risk Managed Income ETF
	91.40%	0.00%	8.60%	100.00%	0.00%	0.00%
Global X S&P 500® Collar 95-110 ETF
	0.00%	0.00%	100.00%	100.00%	0.00%	0.00%
Global X Disruptive Materials ETF
	0.00%	0.00%	100.00%	100.00%	9.33%	63.52%
Global X Dow 30® Covered Call ETF
	81.80%	0.00%	18.20%	100.00%	0.00%	0.00%
Global X Russell 2000 Covered Call & Growth ETF
	56.74%	1.90%	41.36%	100.00%	0.00%	0.00%
Global X Financials Covered Call & Growth ETF
	33.25%	0.00%	66.75%	100.00%	0.00%	0.00%
Global X Health Care Covered Call & Growth ETF
	0.00%	0.00%	100.00%	100.00%	0.00%	0.00%
Global X Information Technology Covered Call & Growth ETF
	0.00%	0.00%	100.00%	100.00%	0.00%	0.00%
Global X Nasdaq 100® ESG Covered Call ETF
	0.00%	0.00%	100.00%	100.00%	0.00%	0.00%
Global X S&P 500® ESG Covered Call ETF
	65.75%	0.00%	34.25%	100.00%	0.00%	0.00%
Global X Dow 30® Covered Call & Growth ETF
	59.11%	0.00%	40.89%	100.00%	0.00%	0.00%

499

Notice to Shareholders (unaudited)

For the fiscal year ended October 31, 2023, the Funds have designated the following items with regard to distributions paid during the year.

	U.S. Government Interest(3)	Interest Related Dividends(4)	Short Term Capital Gain Dividends(5)	Qualifying Business Income(6)	Foreign Tax Credit
Global X Lithium and Battery Tech ETF
	0.00%	0.21%	0.00%	0.00%	3.13%
Global X SuperDividend® ETF
	0.00%	0.06%	0.00%	0.00%	2.74%
Global X Social Media ETF
	0.00%	0.41%	0.00%	0.00%	0.00%
Global X Guru® Index ETF
	0.00%	1.14%	0.00%	0.00%	0.00%
Global X SuperIncome™ Preferred ETF
	0.00%	1.17%	0.00%	0.00%	0.00%
Global X SuperDividend® U.S. ETF
	0.00%	0.42%	0.00%	0.00%	0.00%
Global X S&P 500® Covered Call ETF
	0.00%	0.75%	0.00%	0.00%	0.00%
Global X NASDAQ 100® Covered Call ETF
	0.00%	1.65%	0.00%	0.07%	0.00%
Global X MSCI SuperDividend® Emerging Markets ETF
	0.00%	0.10%	0.00%	0.00%	14.58%
Global X SuperDividend® REIT ETF
	0.00%	0.01%	0.00%	59.53%	0.00%
Global X Renewable Energy Producers ETF
	0.00%	0.12%	0.00%	0.00%	17.75%
Global X S&P 500® Catholic Values ETF
	0.00%	0.19%	0.00%	0.00%	0.00%
Global X MSCI SuperDividend® EAFE ETF
	0.00%	0.03%	0.00%	0.00%	8.32%
Global X E-commerce ETF
	0.00%	0.00%	0.00%	0.00%	0.00%
Global X Russell 2000 Covered Call ETF
	0.00%	0.72%	0.00%	0.00%	0.00%
Global X S&P Catholic Values Developed ex-U.S. ETF
	0.00%	0.04%	0.00%	0.00%	10.95%
Global X Nasdaq 100® Covered Call & Growth ETF
	0.00%	0.91%	0.00%	6.29%	0.00%
Global X S&P 500® Covered Call & Growth ETF
	0.00%	0.32%	0.00%	0.00%	0.00%
Global X Emerging Markets Internet & E-commerce ETF
	0.15%	0.44%	0.00%	0.00%	0.00%
Global X NASDAQ 100® Tail Risk ETF
	0.00%	0.16%	0.00%	0.00%	0.00%
Global X NASDAQ 100® Risk Managed Income ETF
	0.00%	0.93%	0.00%	0.00%	0.00%
Global X NASDAQ 100® Collar 95-110 ETF
	0.00%	0.19%	0.00%	100.00%	0.00%
Global X S&P 500® Tail Risk ETF
	0.00%	0.06%	0.00%	0.00%	0.00%
Global X S&P 500® Risk Managed Income ETF
	0.00%	0.53%	0.00%	0.00%	0.00%
Global X S&P 500® Collar 95-110 ETF
	0.00%	0.12%	0.00%	0.00%	0.00%
Global X Disruptive Materials ETF
	0.00%	0.07%	0.00%	0.00%	12.32%
Global X Dow 30® Covered Call ETF
	0.00%	0.00%	0.00%	0.00%	0.00%
Global X Russell 2000 Covered Call & Growth ETF
	0.00%	0.30%	100.00%	0.00%	0.00%
Global X Financials Covered Call & Growth ETF
	0.00%	0.01%	100.00%	0.00%	0.00%
Global X Health Care Covered Call & Growth ETF
	0.00%	0.01%	100.00%	0.00%	0.00%
Global X Information Technology Covered Call & Growth ETF
	0.00%	0.00%	100.00%	0.00%	0.00%
Global X Nasdaq 100® ESG Covered Call ETF
	0.00%	0.11%	100.00%	0.00%	0.00%
Global X S&P 500® ESG Covered Call ETF
	0.00%	0.35%	100.00%	0.00%	0.00%
Global X Dow 30® Covered Call & Growth ETF
	0.00%	0.30%	0.00%	0.00%	0.00%

500

Notice to Shareholders (unaudited)

⁽¹⁾ Qualifying dividends represent dividends which qualify for the corporate dividends received deduction and is reflected as a percentage of ordinary income distributions (the total of short term capital gain and net investment income distributions).

⁽²⁾ The percentage in this column represents the amount of “Qualifying Dividend Income” as created by the Jobs and Growth Relief Reconciliation Act of 2003 and its reflected as a percentage of ordinary income distributions (the total of short term capital gain and net investment income distributions). It is the intention of each of the aforementioned Funds to designate the maximum amount permitted by law.

⁽³⁾ “U.S. Government Interest” represents the amount of interest that was derived from U.S. Government obligations and distributed during the fiscal year. Generally, interest from direct U.S. Government obligations is exempt from state income tax. However, for shareholders who are residents of California, Connecticut and New York, the statutory threshold requirements were not satisfied to permit exemption of these amounts from state income.

⁽⁴⁾ The percentage in this column represents the amount of “Interest Related Dividends” as created by the American Jobs Creation Act of 2004 and is a percentage of net investment income that is exempt from U.S. withholding tax when paid for foreign investors.

⁽⁵⁾ The percentage of this column represents the amount of “Short Term Capital Gain Dividend” and is reflected as a percentage of short term capital gain distribution that is exempted from U.S. withholding tax when paid to foreign investors.

⁽⁶⁾ The percentage of this column represents that amount of ordinary dividend income that qualified for 20% Business Income Deduction.

Certain Funds intend to pass through a foreign tax credit to shareholders. For the fiscal year ended October 31, 2023 the total amount of foreign source income and foreign tax credit are as follows:

Fund Name	Foreign Source Income		Foreign Tax Credit Pass Through
Global X Lithium and Battery Tech ETF	$	24,051,507	$	1,259,703
Global X Superdividend® ETF		36,187,303		2,516,242
Global X MSCI SuperDividend® Emerging Markets ETF		3,371,621		566,496
Global X Renewable Energy Producers ETF		1,203,815		181,136
Global X MSCI SuperDividend® EAFE ETF		715,237		66,767
Global X S&P Catholic Values Developed ex-U.S. ETF		377,438		31,144
Global X Disruptive Materials ETF		99,377		10,944

The information reported herein may differ from the information and distributions taxable to the shareholders for the calendar year ending December 31, 2023. Complete information will be computed and reported in conjunction with your 2023 Form 1099-DIV.

501

Notes

502

605 3rd Avenue, 43rd Floor

New York, NY 10158
1-888-493-8631
www.globalxetfs.com

Investment Adviser and Administrator:
Global X Management Company LLC
605 3rd Avenue, 43rd Floor
New York, NY 10158

Distributor:
SEI Investments Distribution Co.
One Freedom Valley Drive
Oaks, PA 19456

Sub-Administrator:
SEI Investments Global Funds Services
One Freedom Valley Drive
Oaks, PA 19456

Counsel for Global X Funds and the Independent Trustees:
Stradley Ronon Stevens & Young, LLP
2000 K Street, N.W.
Suite 700
Washington, DC 20006

Custodians and Transfer Agents:
Brown Brothers Harriman & Co.
40 Water Street
Boston, MA 02109

The Bank of New York Mellon
240 Greenwich Street
New York, NY 10286

Independent Registered Public Accounting Firm:
PricewaterhouseCoopers LLP
Two Commerce Square
Suite 1800
2001 Market Street
Philadelphia, PA 19103

This information must be preceded or accompanied by a current prospectus for the Funds described.

GLX-AR-003-1300

(b) Not applicable.

Item 2. Code of Ethics.

The registrant has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, controller or principal accounting officer, and any person who performs a similar function.

Item 3. Audit Committee Financial Expert.

(a)(1) The registrant’s board of trustees has determined that the registrant has at least one audit committee financial expert serving on the audit committee.

(a)(2) The audit committee financial experts are Charles A. Baker and Susan M. Ciccarone and each is independent as defined in Form N-CSR Item 3(a)(2).

Item 4. Principal Accountant Fees and Services.

Fees billed by Pricewaterhouse Coopers LLP (“PwC”) relate to the registrant.

PWC billed the registrant aggregate fees for services rendered to the registrant for the last two fiscal years as follows:

		2023			2022
		All fees and services to the Trust that were pre- approved	All fees and services to service affiliates that were pre- approved	All other fees and services to service affiliates that did not require pre- approval	All fees and services to the Trust that were pre- approved	All fees and services to service affiliates that were pre- approved	All other fees and services to service affiliates that did not require pre- approval
(a)	Audit Fees	$1,235,693	$0	$0	$1,148,958	$0	$0
(b)	Audit-Related Fees	$0	$0	$0	$0	$0	$0
(c)	Tax Fees(1)	$392,972	$0	$0	$406,447	$0	$0
(d)	All Other Fees	$0	$0	$0	$0	$0	$0

Notes:

(1) Tax Compliance and excise distribution services.

(e) (1) Not applicable.

(e)(2) Percentage of fees billed applicable to non-audit services pursuant to waiver of pre-approval requirement were as follows (PwC):

	2023	2022
Audit-Related Fees	0%	0%
Tax Fees	0%	0%
All Other Fees	0%	0%

(f) Not applicable.

(g) The aggregate non-audit fees and services billed by PwC for the last two fiscal years were $392,972 and $406,447, respectively.

(h) During the past fiscal year, all non-audit services provided by registrant’s principal accountant to either registrant’s investment adviser or to any entity controlling, controlled by, or under common control with registrant’s investment adviser that provides ongoing services to registrant were pre-approved by the audit committee of registrant’s Board of Trustees. Included in the audit committee’s pre-approval was the review and consideration as to whether the provision of these non-audit services is compatible with maintaining the principal accountant’s independence.

(i) Not applicable.

(j) Not applicable.

Item 5. Audit Committee of Listed Registrants.

The registrant has a separately-designated standing Audit Committee, which is composed of the registrant’s Independent Trustees, Charles A. Baker, Susan M. Ciccarone and Clifford J. Weber.

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) Code of Ethics attached hereto.

(a)(2) A separate certification for the principal executive officer and the principal financial officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended (17 CFR 270.30a-2(a)), are filed herewith.

(b) Officer certifications as required by Rule 30a-2(b) under the Investment Company Act of 1940, as amended (17 CFR 270.30a-2(b)) also accompany this filing as an Exhibit.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)	Global X Funds
By (Signature and Title)	/s/ Thomas Park
	Thomas Park President

Date: January 9, 2024

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/ Thomas Park
	Thomas Park President

Date: January 9, 2024

By (Signature and Title)	/s/ Ronnie Riven
	Ronnie Riven Chief Financial Officer

Date: January 9, 2024