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        <name>Banco Davivienda S.A.</name>
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        <title>Banco Davivienda SA PREFERRED STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COB51PA00076"/>
        </identifiers>
        <balance>641800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="COP" exchangeRt="4223.97500000"/>
        <valUSD>3327533.90000000</valUSD>
        <pctVal>3.797584264063</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Interconexion Electrica S.A. E.S.P.</name>
        <lei>5493007GMWK7ZHVQ5362</lei>
        <title>INTERCONEXION ELECTRICA SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COE15PA00026"/>
        </identifiers>
        <balance>1742104.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="COP" exchangeRt="4223.97500000"/>
        <valUSD>8991025.56000000</valUSD>
        <pctVal>10.26110573492</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCOLOMBIA S.A.</name>
        <lei>54930052NWJRPNMP1W58</lei>
        <title>Bancolombia SA PREFERRED STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COB07PA00086"/>
        </identifiers>
        <balance>1275084.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="COP" exchangeRt="4223.97500000"/>
        <valUSD>13101082.65000000</valUSD>
        <pctVal>14.95175310275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Patrimonio Autonomo Estrategias Inmobiliarias</name>
        <lei>N/A</lei>
        <title>PATRIMONIO AUTONOMO ESTRAT REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COV34PT00120"/>
        </identifiers>
        <balance>174044.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="COP" exchangeRt="4223.97500000"/>
        <valUSD>2969148.88000000</valUSD>
        <pctVal>3.388573461069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Celsia S.A.</name>
        <lei>549300YM8WFI4B0WXJ72</lei>
        <title>CELSIA SA ESP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COT60PA00038"/>
        </identifiers>
        <balance>3149510.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="COP" exchangeRt="4223.97500000"/>
        <valUSD>2997420.72000000</valUSD>
        <pctVal>3.420839006042</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CANACOL ENERGY LTD</name>
        <lei>549300X5MNRWPMSM9N14</lei>
        <title>CANACOL ENERGY LTD COMMON STOCK</title>
        <cusip>134808302</cusip>
        <identifiers>
          <isin value="CA1348083025"/>
        </identifiers>
        <balance>283144.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.38130000"/>
        <valUSD>608801.62000000</valUSD>
        <pctVal>0.694801472059</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="70621.33"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BROOKFIELD RENEWABLE CORPORATION</name>
        <lei>N/A</lei>
        <title>BROOKFIELD RENEWABLE CORP COMMON STOCK</title>
        <cusip>11285B108</cusip>
        <identifiers>
          <isin value="CA11285B1085"/>
        </identifiers>
        <balance>65792.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.38130000"/>
        <valUSD>1871402.07000000</valUSD>
        <pctVal>2.135757971622</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>Enel Americas S.A.</name>
        <lei>549300LKH11TFCJLZK20</lei>
        <title>ENEL AMERICAS SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CLP371861061"/>
        </identifiers>
        <balance>19759320.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="956.41000000"/>
        <valUSD>1920956.05000000</valUSD>
        <pctVal>2.192311990401</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Empresas Copec S.A.</name>
        <lei>549300Q3IDJYG6Z7PA50</lei>
        <title>EMPRESAS COPEC SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CLP7847L1080"/>
        </identifiers>
        <balance>288583.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="956.41000000"/>
        <valUSD>1961281.77000000</valUSD>
        <pctVal>2.238334157060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Corporacion Financiera Colombiana S.A.</name>
        <lei>549300UTJ6LGMSTZYJ30</lei>
        <title>CORP FINANCIERA COLOMBIANA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COJ12PA00048"/>
        </identifiers>
        <balance>636326.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="COP" exchangeRt="4223.97500000"/>
        <valUSD>2494701.92000000</valUSD>
        <pctVal>2.847105706397</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CEMENTOS ARGOS S.A.</name>
        <lei>549300H7BB3SSJRSL735</lei>
        <title>CEMENTOS ARGOS SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COD38PA00046"/>
        </identifiers>
        <balance>1499632.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="COP" exchangeRt="4223.97500000"/>
        <valUSD>3805906.77000000</valUSD>
        <pctVal>4.343532506233</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNYREPOS</name>
        <lei>N/A</lei>
        <title>BNYREPOS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="BNYREPOS"/>
        </identifiers>
        <balance>1191344</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1191344</valUSD>
        <pctVal>1.359634300791</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="N/A" name="BNYREPOS"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>4.36</repurchaseRt>
          <maturityDt>N/A</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>1191344</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>1191344</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="1191344" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MILLICOM INTERNATIONAL CELLULAR S.A.</name>
        <lei>549300CTHC1CP86P2G96</lei>
        <title>MILLICOM INTL CELLULAR S.A. COMMON STOCK</title>
        <cusip>L6388F110</cusip>
        <identifiers>
          <isin value="LU0038705702"/>
        </identifiers>
        <balance>75799.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2618097.46000000</valUSD>
        <pctVal>2.987932208859</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>PAREX RESOURCES INC.</name>
        <lei>549300U7LWRGTY6XWK67</lei>
        <title>PAREX RESOURCES INC COMMON STOCK</title>
        <cusip>69946Q104</cusip>
        <identifiers>
          <isin value="CA69946Q1046"/>
        </identifiers>
        <balance>174648.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.38130000"/>
        <valUSD>1403455.30000000</valUSD>
        <pctVal>1.601708629503</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>Grupo de Inversiones Suramericana S.A.</name>
        <lei>549300AC1Q176TZL0305</lei>
        <title>Grupo de Inversiones Suramericana SA PREFERRED STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COT13PA00060"/>
        </identifiers>
        <balance>368427.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="COP" exchangeRt="4223.97500000"/>
        <valUSD>3286555.76000000</valUSD>
        <pctVal>3.750817515981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCOLOMBIA S.A.</name>
        <lei>54930052NWJRPNMP1W58</lei>
        <title>BANCOLOMBIA SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COB07PA00078"/>
        </identifiers>
        <balance>608976.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="COP" exchangeRt="4223.97500000"/>
        <valUSD>7222982.52000000</valUSD>
        <pctVal>8.243307380747</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grupo Argos S.A.</name>
        <lei>254900HANAO95XIAE681</lei>
        <title>GRUPO ARGOS SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COT09PA00035"/>
        </identifiers>
        <balance>684535.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="COP" exchangeRt="4223.97500000"/>
        <valUSD>3562066.37000000</valUSD>
        <pctVal>4.065246996961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grupo Argos S.A.</name>
        <lei>254900HANAO95XIAE681</lei>
        <title>Grupo Argos SA/Colombia PREFERRED STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COT09PA00043"/>
        </identifiers>
        <balance>158886.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="COP" exchangeRt="4223.97500000"/>
        <valUSD>620652.11000000</valUSD>
        <pctVal>0.708325972695</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tecnoglass Inc.</name>
        <lei>529900YRWTPOC2E6IO67</lei>
        <title>TECNOGLASS INC COMMON STOCK</title>
        <cusip>G87264100</cusip>
        <identifiers>
          <isin value="KYG872641009"/>
        </identifiers>
        <balance>52522.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3743242.94000000</valUSD>
        <pctVal>4.272016728517</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>GeoPark Limited</name>
        <lei>529900ZR5QI19AH4KZ07</lei>
        <title>GEOPARK LTD COMMON STOCK</title>
        <cusip>G38327105</cusip>
        <identifiers>
          <isin value="BMG383271050"/>
        </identifiers>
        <balance>288750.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1940400.00000000</valUSD>
        <pctVal>2.214502609872</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1084232.88"/>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-04-30</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>
