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      <invstOrSec>
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          <isin value="US91282CEF41"/>
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        <valUSD>39578.12000000</valUSD>
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      <invstOrSec>
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        <cusip>91282CET4</cusip>
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          <isin value="US91282CET45"/>
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        <curCd>USD</curCd>
        <valUSD>1207228.13000000</valUSD>
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        <assetCat>SN</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <cusip>9128283W8</cusip>
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          <isin value="US9128283W81"/>
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        <valUSD>326055.47000000</valUSD>
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        <assetCat>SN</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States of America</name>
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        <cusip>91282CEN7</cusip>
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          <isin value="US91282CEN74"/>
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        <curCd>USD</curCd>
        <valUSD>713925.00000000</valUSD>
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        <assetCat>SN</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>91282CFB2</cusip>
        <identifiers>
          <isin value="US91282CFB28"/>
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        <curCd>USD</curCd>
        <valUSD>445675.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <cusip>91282CFH9</cusip>
        <identifiers>
          <isin value="US91282CFH97"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>149314.45000000</valUSD>
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        <assetCat>SN</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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        <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>91282CEW7</cusip>
        <identifiers>
          <isin value="US91282CEW73"/>
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        <balance>1050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1047169.92000000</valUSD>
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        <assetCat>SN</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>US TREASURY N/B 3.375000% 09/15/2027</title>
        <cusip>91282CLL3</cusip>
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          <isin value="US91282CLL36"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34967.19000000</valUSD>
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        <assetCat>SN</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>US TREASURY N/B 3.375000% 11/30/2027</title>
        <cusip>91282CPL9</cusip>
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          <isin value="US91282CPL99"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>SN</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>United States of America</name>
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          <isin value="US91282CPS43"/>
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        <fairValLevel>2</fairValLevel>
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        <name>United States of America</name>
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          <isin value="US91282CGH88"/>
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        <name>United States of America</name>
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          <isin value="US91282CLP40"/>
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          <isin value="US91282CPE56"/>
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        <name>United States of America</name>
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          <isin value="US91282CHB00"/>
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        <name>United States of America</name>
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        <cusip>91282CNV9</cusip>
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          <isin value="US91282CNV99"/>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <cusip>91282CMY4</cusip>
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          <isin value="US91282CMY48"/>
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        <issuerCat>UST</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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          <isin value="US91282CNL18"/>
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        <curCd>USD</curCd>
        <valUSD>782925.00000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>United States of America</name>
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          <isin value="US91282CLG41"/>
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        <curCd>USD</curCd>
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        <assetCat>SN</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States of America</name>
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          <isin value="US91282CLH24"/>
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        <assetCat>SN</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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          <isin value="US91282CMV09"/>
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        <assetCat>SN</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>United States of America</name>
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        <cusip>91282CNE7</cusip>
        <identifiers>
          <isin value="US91282CNE74"/>
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        <curCd>USD</curCd>
        <valUSD>271286.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</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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        <securityLending>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <cusip>91282CNP2</cusip>
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          <isin value="US91282CNP22"/>
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        <curCd>USD</curCd>
        <valUSD>1206890.63000000</valUSD>
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        <assetCat>SN</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>91282CLQ2</cusip>
        <identifiers>
          <isin value="US91282CLQ23"/>
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        <balance>895000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>901223.04000000</valUSD>
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        <assetCat>SN</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>US TREASURY N/B 3.875000% 11/30/2027</title>
        <cusip>91282CFZ9</cusip>
        <identifiers>
          <isin value="US91282CFZ95"/>
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        <balance>255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>256972.27000000</valUSD>
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        <assetCat>SN</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>United States of America</name>
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        <cusip>91282CGC9</cusip>
        <identifiers>
          <isin value="US91282CGC91"/>
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        <balance>930000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>937665.24000000</valUSD>
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        <assetCat>SN</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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        <name>United States of America</name>
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          <isin value="US91282CJT99"/>
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        <valUSD>559154.02000000</valUSD>
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        <assetCat>SN</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>United States of America</name>
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          <isin value="US91282CGP05"/>
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          <isin value="US91282CMB45"/>
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          <isin value="US91282CMH15"/>
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        <name>United States of America</name>
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          <isin value="US91282CKA89"/>
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        <name>United States of America</name>
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          <isin value="US91282CMP31"/>
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        <name>United States of America</name>
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          <isin value="US91282CHH79"/>
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      <invstOrSec>
        <name>United States of America</name>
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        <cusip>91282CFM8</cusip>
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          <isin value="US91282CFM82"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States of America</name>
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          <isin value="US91282CFU09"/>
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          <isin value="US91282CLX73"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <isin value="US91282CMF58"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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          <isin value="US91282CMN82"/>
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        <fairValLevel>2</fairValLevel>
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          <isin value="US91282CKE02"/>
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        <assetCat>SN</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>United States of America</name>
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          <isin value="US91282CLY56"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>United States of America</name>
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        <cusip>91282CME8</cusip>
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          <isin value="US91282CME83"/>
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        <assetCat>SN</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>United States of America</name>
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          <isin value="US91282CKZ31"/>
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        <name>United States of America</name>
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          <isin value="US91282CLB53"/>
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          <isin value="US91282CHU80"/>
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          <isin value="US91282CJP77"/>
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          <isin value="US91282CKH33"/>
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          <isin value="US91282CKJ98"/>
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        <name>United States of America</name>
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          <isin value="US91282CKR15"/>
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        <name>United States of America</name>
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          <isin value="US91282CKB62"/>
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        <name>United States of America</name>
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      <invstOrSec>
        <name>United States of America</name>
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          <isin value="US91282CKY65"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
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        <name>United States of America</name>
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          <isin value="US91282CHY03"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <identifiers>
          <isin value="US91282CJC64"/>
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        <curCd>USD</curCd>
        <valUSD>362168.44000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <cusip>91282CJK8</cusip>
        <identifiers>
          <isin value="US91282CJK80"/>
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        <balance>310000.00000000</balance>
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        <valUSD>312136.58000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-15</maturityDt>
          <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>91282CKK6</cusip>
        <identifiers>
          <isin value="US91282CKK61"/>
        </identifiers>
        <balance>985000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>986808.40000000</valUSD>
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        <assetCat>SN</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <cusip>91282CKS9</cusip>
        <identifiers>
          <isin value="US91282CKS97"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1087956.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</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>2026-02-28</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>
  <documents>XXXX</documents>
</edgarSubmission>
