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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Multiplan Empreendimentos Imobiliarios S.A.</name>
        <lei>N/A</lei>
        <title>MULTIPLAN EMPREENDIMENTOS COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRMULTACNOR5"/>
        </identifiers>
        <balance>7500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.97065000"/>
        <valUSD>29883.68000000</valUSD>
        <pctVal>0.982661255636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Localiza Rent a Car S.A.</name>
        <lei>N/A</lei>
        <title>LOCALIZA RENT A CAR COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRRENTACNOR4"/>
        </identifiers>
        <balance>17400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.97065000"/>
        <valUSD>109517.72000000</valUSD>
        <pctVal>3.601257283227</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>B3 S.A - Brasil, Bolsa, Balcao</name>
        <lei>4GTK5S46E6H318LMDS44</lei>
        <title>B3 SA-BRASIL BOLSA BALCAO COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRB3SAACNOR6"/>
        </identifiers>
        <balance>26300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.97065000"/>
        <valUSD>40789.19000000</valUSD>
        <pctVal>1.341265756486</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arcos Dorados Holdings Inc.</name>
        <lei>54930023P2MIZN13DQ85</lei>
        <title>ARCOS DORADOS HOLDINGS INC-A COMMON STOCK</title>
        <cusip>G0457F107</cusip>
        <identifiers>
          <isin value="VGG0457F1071"/>
        </identifiers>
        <balance>7667.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>62026.03000000</valUSD>
        <pctVal>2.039594070139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUZANO S.A.</name>
        <lei>391200AW174YQSDMGG41</lei>
        <title>SUZANO SA - SPON ADR DEPOSITARY RECEIPT</title>
        <cusip>86959K105</cusip>
        <identifiers>
          <isin value="US86959K1051"/>
        </identifiers>
        <balance>8617.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>89185.95000000</valUSD>
        <pctVal>2.932690271483</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vivara Participacoes SA</name>
        <lei>254900KO2WRLAVSJDR42</lei>
        <title>VIVARA PARTICIPACOES SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRVIVAACNOR0"/>
        </identifiers>
        <balance>17100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.97065000"/>
        <valUSD>65671.74000000</valUSD>
        <pctVal>2.159475489237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMBEV S.A.</name>
        <lei>549300TH5Q6VRP8OT012</lei>
        <title>AMBEV SA-ADR DEPOSITARY RECEIPT</title>
        <cusip>02319V103</cusip>
        <identifiers>
          <isin value="US02319V1035"/>
        </identifiers>
        <balance>27633.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>58581.96000000</valUSD>
        <pctVal>1.926343153562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITAUSA S.A.</name>
        <lei>N/A</lei>
        <title>Itausa SA PREFERRED STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRITSAACNPR7"/>
        </identifiers>
        <balance>61365.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.97065000"/>
        <valUSD>100208.31000000</valUSD>
        <pctVal>3.295137136049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Petroleo Brasileiro S.A. (Petrobras)</name>
        <lei>5493000J801JZRCMFE49</lei>
        <title>PETROLEO BRASILEIRO-SPON ADR DEPOSITARY RECEIPT</title>
        <cusip>71654V408</cusip>
        <identifiers>
          <isin value="US71654V4086"/>
        </identifiers>
        <balance>21992.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>314045.76000000</valUSD>
        <pctVal>10.32672685723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RUMO S.A.</name>
        <lei>N/A</lei>
        <title>RUMO SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRRAILACNOR9"/>
        </identifiers>
        <balance>18200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.97065000"/>
        <valUSD>59288.35000000</valUSD>
        <pctVal>1.949571286254</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PRIO S.A.</name>
        <lei>549300IQAZIWK5RVZX23</lei>
        <title>PRIO SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRPRIOACNOR1"/>
        </identifiers>
        <balance>21600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.97065000"/>
        <valUSD>145214.34000000</valUSD>
        <pctVal>4.775064706917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banco do Brasil S.A.</name>
        <lei>QE0Q0253K88YAGNPE356</lei>
        <title>BANCO DO BRASIL S.A. COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRBBASACNOR3"/>
        </identifiers>
        <balance>18400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.97065000"/>
        <valUSD>76334.74000000</valUSD>
        <pctVal>2.510105564545</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JBS S.A.</name>
        <lei>529900RM0MTMZL9O5050</lei>
        <title>JBS SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRJBSSACNOR8"/>
        </identifiers>
        <balance>9000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.97065000"/>
        <valUSD>56255.18000000</valUSD>
        <pctVal>1.849831942212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Companhia Paranaense de Energia - Copel</name>
        <lei>2549001AS1I9A71VG663</lei>
        <title>COMPANHIA PARANAENSE DE ENER DEPOSITARY RECEIPT</title>
        <cusip>20441B605</cusip>
        <identifiers>
          <isin value="US20441B6056"/>
        </identifiers>
        <balance>9500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>61465.00000000</valUSD>
        <pctVal>2.021145791873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>3R Petroleum Oleo e Gas S.A.</name>
        <lei>N/A</lei>
        <title>BRAVA ENERGIA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRBRAVACNOR3"/>
        </identifiers>
        <balance>27800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.97065000"/>
        <valUSD>92563.46000000</valUSD>
        <pctVal>3.043752504030</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCO BTG PACTUAL S.A.</name>
        <lei>ZXLTQRYIK6IJH3R0IK66</lei>
        <title>BANCO BTG PACTUAL SA-UNIT UNIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRBPACUNT006"/>
        </identifiers>
        <balance>20500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.97065000"/>
        <valUSD>103965.23000000</valUSD>
        <pctVal>3.418675459459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EQUATORIAL S.A.</name>
        <lei>N/A</lei>
        <title>EQUATORIAL ENERGIA SA - ORD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BREQTLACNOR0"/>
        </identifiers>
        <balance>15100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.97065000"/>
        <valUSD>77413.85000000</valUSD>
        <pctVal>2.545589801679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ERO COPPER CORP.</name>
        <lei>549300KL8A21SEIO8I47</lei>
        <title>ERO COPPER CORP COMMON STOCK</title>
        <cusip>296006109</cusip>
        <identifiers>
          <isin value="CA2960061091"/>
        </identifiers>
        <balance>4324.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.40015000"/>
        <valUSD>66057.47000000</valUSD>
        <pctVal>2.172159399858</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nu Holdings Ltd</name>
        <lei>5493002DG1RHWK9W2X27</lei>
        <title>NU HOLDINGS LTD/CAYMAN ISL-A COMMON STOCK</title>
        <cusip>G6683N103</cusip>
        <identifiers>
          <isin value="KYG6683N1034"/>
        </identifiers>
        <balance>22792.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>285583.76000000</valUSD>
        <pctVal>9.390814524549</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Itau Unibanco Holding S.A.</name>
        <lei>5493002W2IVG62O3ZJ94</lei>
        <title>ITAU UNIBANCO H-SPON PRF ADR DEPOSITARY RECEIPT</title>
        <cusip>465562106</cusip>
        <identifiers>
          <isin value="US4655621062"/>
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        <balance>46533.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>249416.88000000</valUSD>
        <pctVal>8.201543600979</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MercadoLibre, Inc.</name>
        <lei>549300DKPDN9M5S8GB14</lei>
        <title>MERCADOLIBRE INC COMMON STOCK</title>
        <cusip>58733R102</cusip>
        <identifiers>
          <isin value="US58733R1023"/>
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        <balance>21.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41688.57000000</valUSD>
        <pctVal>1.370839954847</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2024-11-30</ncom:dateSigned>
      <ncom:nameOfApplicant>GLOBAL X FUNDS</ncom:nameOfApplicant>
      <ncom:signature>Joe Costello</ncom:signature>
      <ncom:signerName>Joe Costello</ncom:signerName>
      <ncom:title>CCO</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
