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          <isin value="US912810TD00"/>
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          <isin value="US912810UJ50"/>
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          <isin value="US912810RG58"/>
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          <isin value="US912810TJ79"/>
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        <invCountry>US</invCountry>

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        <name>United States of America</name>
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          <isin value="US912810TW80"/>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isin value="US912810PT97"/>
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          <isin value="US912810SU34"/>
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      <invstOrSec>
        <name>United States of America</name>
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          <isin value="US912810RS96"/>
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      <invstOrSec>
        <name>United States of America</name>
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        <cusip>912810RT7</cusip>
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          <isin value="US912810RT79"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>United States of America</name>
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        <cusip>912810TH1</cusip>
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          <isin value="US912810TH14"/>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>United States of America</name>
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        <cusip>912810QH4</cusip>
        <identifiers>
          <isin value="US912810QH41"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <cusip>912810UD8</cusip>
        <identifiers>
          <isin value="US912810UD80"/>
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        <curCd>USD</curCd>
        <valUSD>17972.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <cusip>912810RV2</cusip>
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          <isin value="US912810RV26"/>
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        <curCd>USD</curCd>
        <valUSD>316033.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>US TREASURY N/B 3.125000% 02/15/2042</title>
        <cusip>912810QU5</cusip>
        <identifiers>
          <isin value="US912810QU51"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>136039.84000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <cusip>912810RH3</cusip>
        <identifiers>
          <isin value="US912810RH32"/>
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        <balance>355000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>273960.16000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <cusip>912810TG3</cusip>
        <identifiers>
          <isin value="US912810TG31"/>
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        <balance>445000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>305711.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <cusip>912810PW2</cusip>
        <identifiers>
          <isin value="US912810PW27"/>
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        <balance>575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>565049.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <cusip>912810QS0</cusip>
        <identifiers>
          <isin value="US912810QS06"/>
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        <valUSD>26369.53000000</valUSD>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <name>United States of America</name>
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        <cusip>912810TS7</cusip>
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          <isin value="US912810TS78"/>
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        <curCd>USD</curCd>
        <valUSD>175250.00000000</valUSD>
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        <name>United States of America</name>
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        <cusip>912810QB7</cusip>
        <identifiers>
          <isin value="US912810QB70"/>
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        <issuerCat>UST</issuerCat>
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          <annualizedRt>4.25000000</annualizedRt>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <cusip>912810RD2</cusip>
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          <isin value="US912810RD28"/>
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        <valUSD>140521.09000000</valUSD>
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          <maturityDt>2043-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>United States of America</name>
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        <cusip>912810SD1</cusip>
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          <isin value="US912810SD19"/>
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        <valUSD>260184.38000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>United States of America</name>
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        <cusip>912810RX8</cusip>
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          <isin value="US912810RX81"/>
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        <curCd>USD</curCd>
        <valUSD>234487.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <cusip>912810UE6</cusip>
        <identifiers>
          <isin value="US912810UE63"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>326703.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
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          <isin value="US912810RU43"/>
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          <isin value="US912810TK43"/>
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        <name>United States of America</name>
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        <name>United States of America</name>
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        <name>United States of America</name>
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          <isin value="US912810UF39"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>US TREASURY N/B 2.000000% 02/15/2050</title>
        <cusip>912810SL3</cusip>
        <identifiers>
          <isin value="US912810SL35"/>
        </identifiers>
        <balance>390000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>223335.94000000</valUSD>
        <pctVal>1.084521141290</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-05-31</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>
