Global X Social Media ETF (ticker: SOCL)
Global X Lithium & Battery Tech ETF (ticker: LIT)
Global X Disruptive Materials ETF (ticker: DMAT)
Global X E-commerce ETF (ticker: EBIZ)
Global X Emerging Markets Internet & E-commerce ETF (ticker: EWEB)
Global X SuperDividend® ETF (ticker: SDIV)
Global X SuperDividend® U.S. ETF (ticker: DIV)
Global X MSCI SuperDividend® EAFE ETF (ticker: EFAS)
Global X MSCI SuperDividend® Emerging Markets ETF (ticker: SDEM)
Global X SuperDividend® REIT ETF (ticker: SRET)
Global X NASDAQ 100® Covered Call ETF (ticker: QYLD)
Global X S&P 500® Covered Call ETF (ticker: XYLD)
Global X Russell 2000 Covered Call ETF (ticker: RYLD)
Global X Dow 30® Covered Call ETF (ticker: DJIA)
Global X Nasdaq 100® Covered Call & Growth ETF (ticker: QYLG)
Global X S&P 500® Covered Call & Growth ETF (ticker: XYLG)
Global X SuperIncome™ Preferred ETF (ticker: SPFF)
Global X Renewable Energy Producers ETF (ticker: RNRG)
Global X S&P 500® Catholic Values ETF (ticker: CATH)
Global X S&P Catholic Values Developed ex-U.S. ETF (ticker: CEFA)
Global X Guru® Index ETF (ticker: GURU)
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 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)


Semi-Annual Report
April 30, 2022

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
 


Schedules of Investments
 
Global X Social Media ETF
1
Global X Lithium & Battery Tech ETF
6
Global X Disruptive Materials ETF
11
Global X E-commerce ETF
16
Global X Emerging Markets Internet & E-commerce ETF
21
Global X SuperDividend® ETF
24
Global X SuperDividend® U.S. ETF
34
Global X MSCI SuperDividend® EAFE ETF
39
Global X MSCI SuperDividend® Emerging Markets ETF
45
Global X SuperDividend® REIT ETF
51
Global X NASDAQ 100® Covered Call ETF
54
Global X S&P 500® Covered Call ETF
60
Global X Russell 2000 Covered Call ETF
79
Global X Dow 30® Covered Call ETF
148
Global X Nasdaq 100® Covered Call & Growth ETF
152
Global X Global X S&P 500® Covered Call & Growth ETF
158
Global X SuperIncome™ Preferred ETF
177
Global X Renewable Energy Producers ETF
182
Global X S&P 500® Catholic Values ETF
188
Global X Guru® Index ETF
231
Global X S&P 500® Tail Risk ETF
237
Global X S&P 500® Risk Managed Income ETF
256
Global X S&P 500® Collar 95-110 ETF
275
Global X Nasdaq 100® Tail Risk ETF
294
Global X Nasdaq 100® Risk Managed Income ETF
300
Global X Nasdaq 100® Collar 95-110 ETF
307
Statements of Assets and Liabilities
314
Statements of Operations
321
Statements of Changes in Net Assets
328
Financial Highlights
343
Notes To Financial Statements
361
Disclosure of Fund Expenses
390
Approval of Investment Advisory Agreegment
394
Supplemental Information
403




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’ Forms N-PORT are 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 the Global X Funds use 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/.







Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Social Media ETF
 


   
Shares
   
Value
 
COMMON STOCK — 99.4%
           
CHINA — 27.1%
           
Communication Services — 27.1%
           
Baidu ADR *
   
83,215
   
$
10,332,807
 
Bilibili ADR * (A)
   
191,039
     
4,649,889
 
Hello Group ADR *
   
119,731
     
636,969
 
HUYA ADR *
   
20,154
     
83,236
 
JOYY ADR
   
29,316
     
1,160,034
 
Kuaishou Technology, Cl B *
   
393,388
     
3,346,692
 
Meitu *
   
1,809,800
     
219,128
 
NetEase ADR
   
117,123
     
11,165,336
 
Tencent Holdings
   
495,327
     
23,825,240
 
Tencent Music Entertainment Group ADR *
   
455,453
     
1,935,675
 
Weibo ADR *
   
66,333
     
1,534,946
 
                 
                 
TOTAL CHINA
           
58,889,952
 
GERMANY — 1.1%
               
Communication Services — 1.1%
               
United Internet
   
72,105
     
2,337,550
 
                 
                 
JAPAN — 5.7%
               
Communication Services — 5.7%
               
Coconala *
   
10,600
     
66,107
 
DeNA
   
64,443
     
937,099
 

The accompanying notes are an integral part of the financial statements.
1


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Social Media ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
giftee *(A)
   
13,875
   
$
111,912
 
Gree (A)
   
38,574
     
296,838
 
Kakaku.com
   
102,844
     
2,177,378
 
Mixi
   
29,982
     
519,293
 
Nexon
   
360,621
     
8,272,350
 
                 
                 
TOTAL JAPAN
           
12,380,977
 
RUSSIA — 0.0%
               
Communication Services — 0.0%
               
VK GDR *(B)(C)(D)
   
2,524
     
1,422
 
                 
                 
SOUTH KOREA — 12.4%
               
Communication Services — 12.4%
               
AfreecaTV
   
5,760
     
504,459
 
Com2uSCorp
   
6,482
     
494,407
 
Kakao
   
143,642
     
10,281,382
 
NAVER
   
68,689
     
15,668,311
 
                 
                 
TOTAL SOUTH KOREA
           
26,948,559
 
TAIWAN — 0.1%
               
Consumer Discretionary — 0.1%
               
PChome Online
   
79,444
     
209,691
 
                 
                 
UNITED ARAB EMIRATES — 0.1%
               
Communication Services — 0.1%
               
Yalla Group ADR * (A)
   
70,467
     
288,210
 
                 
                 
UNITED STATES — 52.9%
               
Communication Services — 51.0%
               
Alphabet, Cl A *
   
4,314
     
9,845,368
 
Angi, Cl A *
   
59,084
     
260,561
 
Bumble, Cl A *
   
68,982
     
1,654,878
 
IAC *
   
62,980
     
5,219,782
 
Match Group *
   
143,461
     
11,354,938
 
Meta Platforms, Cl A *
   
109,800
     
22,011,606
 
Nextdoor Holdings *
   
47,386
     
213,711
 

The accompanying notes are an integral part of the financial statements.
2


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Social Media ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Pinterest, Cl A *
   
461,493
   
$
9,469,836
 
Snap, Cl A *
   
538,560
     
15,327,418
 
Spotify Technology *
   
79,273
     
8,058,101
 
Twitter *
   
353,693
     
17,338,031
 
Vimeo *
   
105,139
     
1,071,366
 
Yelp, Cl A *
   
52,821
     
1,718,267
 
Zynga, Cl A *
   
870,690
     
7,200,606
 
             
110,744,469
 
                 
                 
Consumer Discretionary — 0.6%
               
Fiverr International *
   
20,320
     
1,082,040
 
Groupon, Cl A * (A)
   
16,818
     
328,119
 
             
1,410,159
 
                 
                 
Information Technology — 1.3%
               
Life360, Cl CDI *
   
77,257
     
221,258
 
Sprinklr, Cl A *
   
50,361
     
687,427
 
Sprout Social, Cl A *
   
30,474
     
1,867,447
 
             
2,776,132
 
                 
                 
TOTAL UNITED STATES
           
114,930,760
 
TOTAL COMMON STOCK
               
(Cost $325,167,013)
           
215,987,121
 
                 
SHORT-TERM INVESTMENT(E)(F) — 1.2%
               
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.160%
               
(Cost $2,579,952) 
   
2,579,952
     
2,579,952
 

The accompanying notes are an integral part of the financial statements.
3


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Social Media ETF
 

   
Face Amount
   
Value
 
             
REPURCHASE AGREEMENT(E) — 0.9%
           
BNP Paribas
           
0.240%, dated 04/29/2022, to be repurchased on 05/02/2022, repurchase price $1,849,969 (collateralized by various U.S. Treasury Obligations, ranging in par value $147,326 - $198,090, 0.250%, 09/30/2025, with a total market value of $1,885,773)
           
(Cost $1,849,932) 
 
$
1,849,932
   
$
1,849,932
 
TOTAL INVESTMENTS — 101.5%
               
(Cost $329,596,897)
         
$
220,417,005
 


Percentages are based on Net Assets of $217,091,641.

*
Non-income producing security.
(A)
This security or a partial position of this security is on loan at April 30, 2022.  The total value of securities on loan at April 30, 2022 was $4,637,347.
(B)
Security considered illiquid. The total value of such securities as of April 30, 2022 was $1,422 and represented 0.0% of Net Assets.
(C)
Security is fair valued using methods determined in good faith by the Fair Value Committee of the Fund. The total value of such securities as of April 30, 2022, was $1,422 and represents 0.0% of Net Assets.
(D)
Level 3 security in accordance with fair value hierarchy.
(E)
Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2022 was $4,429,884.
(F)
The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2022.


ADR — American Depositary Receipt
Cl — Class
GDR — Global Depositary Receipt



The accompanying notes are an integral part of the financial statements.
4


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Social Media ETF
 


The following is a summary of the level of inputs used as of April 30, 2022, in valuing the Fund’s investments carried at value:

Investments in Securities
 
Level 1
   
Level 2
   
Level 3(1)
   
Total
 
Common Stock
 
$
203,604,722
   
$
12,380,977
   
$
1,422
   
$
215,987,121
 
Short-Term Investment
   
2,579,952
     
     
     
2,579,952
 
Repurchase Agreement
   
     
1,849,932
     
     
1,849,932
 
Total Investments in Securities
 
$
206,184,674
   
$
14,230,909
   
$
1,422
   
$
220,417,005
 


(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 beginning and/or end of the year 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.






The accompanying notes are an integral part of the financial statements.
5


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Lithium & Battery Tech ETF
 


   
Shares
   
Value
 
COMMON STOCK — 100.0%
           
AUSTRALIA — 8.9%
           
Materials — 8.9%
           
Allkem *
   
12,424,112
   
$
108,157,830
 
ioneer *
   
35,081,756
     
16,828,353
 
Mineral Resources
   
3,491,208
     
145,239,572
 
Pilbara Minerals *
   
47,156,428
     
95,508,556
 
Vulcan Energy Resources * (A)
   
2,010,283
     
12,114,614
 
                 
                 
TOTAL AUSTRALIA
           
377,848,925
 
CANADA — 1.5%
               
Materials — 1.5%
               
Lithium Americas * (A)
   
1,779,199
     
45,076,846
 
Standard Lithium * (A)
   
2,905,322
     
18,731,547
 
                 
                 
TOTAL CANADA
           
63,808,393
 
CHILE — 5.3%
               
Materials — 5.3%
               
Sociedad Quimica y Minera de Chile ADR
   
3,048,409
     
224,972,584
 
                 
                 
CHINA — 37.1%
               
Consumer Discretionary — 5.4%
               
BYD, Cl H
   
7,332,976
     
220,377,604
 

The accompanying notes are an integral part of the financial statements.
6


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Lithium & Battery Tech ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Discretionary — continued
           
Tianneng Power International (A)
   
13,892,600
   
$
11,668,428
 
             
232,046,032
 
                 
                 
Industrials — 13.0%
               
Contemporary Amperex Technology, Cl A *
   
2,908,205
     
179,242,320
 
Eve Energy, Cl A
   
15,295,797
     
151,698,232
 
Shenzhen Yinghe Technology, Cl A
   
6,718,410
     
18,126,972
 
Sunwoda Electronic, Cl A
   
22,113,683
     
74,081,853
 
Wuxi Lead Intelligent Equipment, Cl A
   
19,714,037
     
131,403,168
 
             
554,552,545
 
                 
                 
Information Technology — 3.3%
               
NAURA Technology Group, Cl A
   
3,852,937
     
138,647,025
 
                 
                 
Materials — 15.4%
               
Beijing Easpring Material Technology, Cl A
   
7,086,191
     
71,462,588
 
Ganfeng Lithium, Cl A
   
10,226,134
     
170,397,074
 
Guangzhou Tinci Materials Technology, Cl A
   
9,835,781
     
110,950,015
 
Shanghai Putailai New Energy Technology, Cl A
   
4,034,599
     
72,130,371
 
Shenzhen Capchem Technology, Cl A
   
4,855,346
     
48,877,311
 
Yunnan Energy New Material, Cl A
   
5,940,576
     
181,525,799
 
             
655,343,158
 
                 
                 
TOTAL CHINA
           
1,580,588,760
 
GERMANY — 0.9%
               
Industrials — 0.9%
               
Varta (A)
   
382,588
     
36,236,300
 
                 
                 
HONG KONG — 0.0%
               
Industrials — 0.0%
               
Honbridge Holdings *
   
10,969,900
     
331,356
 
                 
                 
JAPAN — 10.8%
               
Consumer Discretionary — 4.4%
               
Panasonic Holdings
   
20,895,524
     
187,166,221
 

The accompanying notes are an integral part of the financial statements.
7


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Lithium & Battery Tech ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Industrials — 0.7%
           
GS Yuasa
   
1,591,383
   
$
27,845,518
 
                 
                 
Information Technology — 5.7%
               
TDK
   
7,778,159
     
244,043,040
 
                 
                 
TOTAL JAPAN
           
459,054,779
 
NETHERLANDS — 0.6%
               
Materials — 0.6%
               
AMG Advanced Metallurgical Group
   
603,888
     
23,915,726
 
                 
                 
NORWAY — 0.5%
               
Industrials — 0.5%
               
FREYR Battery * (A)
   
2,260,204
     
20,296,632
 
                 
                 
SOUTH KOREA — 10.9%
               
Information Technology — 7.4%
               
Iljin Materials
   
398,081
     
27,891,026
 
L&F * (A)
   
457,620
     
79,901,326
 
Samsung SDI
   
427,410
     
207,919,992
 
             
315,712,344
 
                 
                 
Materials — 3.5%
               
LG Chemical
   
363,954
     
150,391,820
 
                 
                 
TOTAL SOUTH KOREA
           
466,104,164
 
TAIWAN — 0.8%
               
Information Technology — 0.8%
               
Simplo Technology
   
3,370,780
     
33,335,562
 
                 
                 
UNITED STATES — 22.7%
               
Consumer Discretionary — 7.5%
               
QuantumScape, Cl A * (A)
   
3,663,783
     
54,736,918
 
Tesla *
   
305,322
     
265,862,185
 
             
320,599,103
 
                 
                 
Industrials — 1.7%
               
EnerSys
   
885,786
     
57,983,552
 

The accompanying notes are an integral part of the financial statements.
8


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Lithium & Battery Tech ETF
 

   
Shares/Face Amount
   
Value
 
COMMON STOCK — continued
           
Industrials — continued
           
Microvast Holdings * (A)
   
3,134,842
   
$
15,548,816
 
             
73,532,368
 
                 
                 
Materials — 13.5%
               
Albemarle
   
2,492,569
     
480,642,080
 
Livent *
   
3,415,275
     
72,950,274
 
Piedmont Lithium * (A)
   
31,034,914
     
20,731,700
 
             
574,324,054
 
                 
                 
TOTAL UNITED STATES
           
968,455,525
 
TOTAL COMMON STOCK
               
(Cost $4,084,949,781)
           
4,254,948,706
 
                 
SHORT-TERM INVESTMENT(B)(C) — 2.4%
               
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.160%
               
(Cost $101,477,470) 
   
101,477,470
     
101,477,470
 
                 
REPURCHASE AGREEMENT(B) — 1.7%
               
BNP Paribas
               
0.240%, dated 04/29/2022, to be repurchased on 05/02/2022, repurchase price $73,688,601 (collateralized by various U.S. Treasury Obligations, ranging in par value $5,868,344 - $7,890,395, 0.250%, 09/30/2025, with a total market value of $75,114,803)
               
(Cost $73,687,127) 
 
$
73,687,127
     
73,687,127
 
TOTAL INVESTMENTS — 104.1%
               
(Cost $4,260,114,378)
         
$
4,430,113,303
 


Percentages are based on Net Assets of $4,257,464,572.



The accompanying notes are an integral part of the financial statements.
9


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Lithium & Battery Tech ETF
 


*
Non-income producing security.
(A)
This security or a partial position of this security is on loan at April 30, 2022.  The total value of securities on loan at April 30, 2022 was $166,654,568.
(B)
Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2022 was $175,164,597.
(C)
The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2022.


ADR — American Depositary Receipt
Cl — Class

The following is a summary of the level of inputs used as of April 30, 2022, in valuing the Fund’s investments carried at value:

Investments in Securities
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Common Stock
 
$
3,795,893,927
   
$
459,054,779
   
$
   
$
4,254,948,706
 
Short-Term Investment
   
101,477,470
     
     
     
101,477,470
 
Repurchase Agreement
   
     
73,687,127
     
     
73,687,127
 
Total Investments in Securities
 
$
3,897,371,397
   
$
532,741,906
   
$
   
$
4,430,113,303
 


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




The accompanying notes are an integral part of the financial statements.
10


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Disruptive Materials ETF
 


   
Shares
   
Value
 
COMMON STOCK — 99.8%
           
AUSTRALIA — 11.2%
           
Materials — 11.2%
           
Allkem *
   
17,612
   
$
153,321
 
IGO
   
19,237
     
180,044
 
Lynas Rare Earths *
   
27,020
     
175,889
 
Syrah Resources *
   
18,266
     
25,637
 
Western Areas *
   
7,454
     
20,341
 
                 
                 
TOTAL AUSTRALIA
           
555,232
 
CANADA — 2.5%
               
Materials — 2.5%
               
HudBay Minerals
   
6,532
     
42,063
 
Lithium Americas *
   
3,184
     
80,668
 
                 
                 
TOTAL CANADA
           
122,731
 
CHILE — 7.5%
               
Materials — 7.5%
               
Antofagasta
   
10,180
     
198,232
 
Lundin Mining
   
19,190
     
176,127
 
                 
                 
TOTAL CHILE
           
374,359
 
CHINA — 24.8%
               
Industrials — 1.4%
               
Fangda Carbon New Material, Cl A *
   
67,200
     
71,634
 
                 
                 
Materials — 23.4%
               
Beijing Easpring Material Technology, Cl A
   
9,500
     
95,805
 

The accompanying notes are an integral part of the financial statements.
11


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Disruptive Materials ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Materials — continued
           
China Minmetals Rare Earth, Cl A *
   
12,100
   
$
42,120
 
China Nonferrous Mining
   
36,200
     
18,732
 
China Northern Rare Earth Group High-Tech, Cl A
   
35,100
     
167,422
 
Ganfeng Lithium, Cl H
   
8,730
     
106,592
 
MMG *
   
84,800
     
36,639
 
Nanjing Hanrui Cobalt, Cl A
   
6,000
     
46,253
 
Shenghe Resources Holding, Cl A
   
32,000
     
75,884
 
Sinofibers Technology, Cl A
   
8,700
     
60,976
 
South Manganese Investment *
   
144,000
     
15,784
 
Tongling Nonferrous Metals Group, Cl A
   
179,200
     
94,434
 
Weihai Guangwei Composites, Cl A
   
8,300
     
62,247
 
Western Mining, Cl A
   
46,800
     
84,345
 
Yunnan Tin, Cl A
   
26,100
     
70,420
 
Zhejiang Huayou Cobalt, Cl A
   
15,000
     
185,894
 
             
1,163,547
 
                 
                 
TOTAL CHINA
           
1,235,181
 
FRANCE — 0.7%
               
Materials — 0.7%
               
Eramet
   
261
     
35,271
 
                 
                 
GERMANY — 0.3%
               
Industrials — 0.3%
               
SGL Carbon *
   
2,609
     
14,477
 
                 
                 
INDONESIA — 0.7%
               
Materials — 0.7%
               
Nickel Mines
   
38,054
     
35,562
 
                 
                 
JAPAN — 5.5%
               
Industrials — 0.3%
               
Nippon Carbon
   
480
     
15,431
 

The accompanying notes are an integral part of the financial statements.
12


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Disruptive Materials ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Materials — 5.2%
           
Nippon Denko
   
5,710
   
$
14,015
 
Sumitomo Metal Mining
   
4,542
     
198,809
 
Tokai Carbon
   
5,485
     
45,553
 
             
258,377
 
                 
TOTAL JAPAN
           
273,808
 
                 
NETHERLANDS — 0.7%
               
Materials — 0.7%
               
AMG Advanced Metallurgical Group
   
912
     
36,118
 
                 
                 
PERU — 3.2%
               
Materials — 3.2%
               
Southern Copper
   
2,562
     
159,536
 
                 
                 
SOUTH AFRICA — 18.9%
               
Materials — 18.9%
               
African Rainbow Minerals
   
3,187
     
52,771
 
Anglo American
   
4,712
     
212,144
 
Anglo American Platinum
   
1,627
     
180,502
 
Impala Platinum Holdings
   
14,310
     
186,572
 
Northam Platinum Holdings *
   
10,549
     
126,031
 
Sibanye Stillwater
   
52,217
     
184,189
 
             
942,209
 
                 
TOTAL SOUTH AFRICA
           
942,209
 
SWEDEN — 4.4%
               
Materials — 4.4%
               
Boliden
   
4,903
     
215,878
 
                 
                 
TAIWAN — 0.3%
               
Information Technology — 0.3%
               
Acme Electronics *
   
12,000
     
12,336
 

The accompanying notes are an integral part of the financial statements.
13


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Disruptive Materials ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
UNITED KINGDOM — 0.3%
           
Materials — 0.3%
           
Jubilee Metals Group *
   
87,630
   
$
16,668
 
                 
                 
UNITED STATES — 14.7%
               
Industrials — 1.3%
               
GrafTech International
   
5,992
     
54,407
 
KULR Technology Group *
   
6,923
     
11,077
 
             
65,484
 
                 
                 
Materials — 13.4%
               
Albemarle
   
1,153
     
222,333
 
Freeport-McMoRan
   
4,754
     
192,775
 
Livent *
   
4,843
     
103,446
 
MP Materials *
   
3,923
     
149,231
 
             
667,785
 
                 
                 
TOTAL UNITED STATES
           
733,269
 
ZAMBIA — 4.1%
               
Materials — 4.1%
               
First Quantum Minerals
   
7,015
     
202,154
 
                 
                 
TOTAL COMMON STOCK
               
(Cost $5,562,067)
           
4,964,789
 
TOTAL INVESTMENTS — 99.8%
               
(Cost $5,562,067)
         
$
4,964,789
 


Percentages are based on Net Assets of $4,976,773.

*
Non-income producing security.


Cl — Class



The accompanying notes are an integral part of the financial statements.
14


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Disruptive Materials ETF
 


The following is a summary of the level of inputs used as of April 30, 2022, in valuing the Fund’s investments carried at value:

Investments in Securities
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Common Stock
 
$
4,690,981
   
$
273,808
   
$
   
$
4,964,789
 
Total Investments in Securities
 
$
4,690,981
   
$
273,808
   
$
   
$
4,964,789
 


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






The accompanying notes are an integral part of the financial statements.
15


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X E-commerce ETF
 



   
Shares
   
Value
 
COMMON STOCK — 99.9%
           
AUSTRALIA — 0.4%
           
Consumer Discretionary — 0.4%
           
Temple & Webster Group * (A)
   
91,264
   
$
382,655
 
                 
                 
BRAZIL — 4.8%
               
Communication Services — 0.4%
               
VTEX, Cl A * (A)
   
58,279
     
308,296
 
                 
                 
Consumer Discretionary — 4.4%
               
MercadoLibre *
   
3,695
     
3,597,563
 
                 
                 
TOTAL BRAZIL
           
3,905,859
 
CANADA — 2.0%
               
Information Technology — 2.0%
               
Shopify, Cl A *
   
3,821
     
1,630,879
 
                 
                 
CHINA — 27.0%
               
Communication Services — 4.9%
               
NetEase ADR
   
42,208
     
4,023,689
 

The accompanying notes are an integral part of the financial statements.
16


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X E-commerce ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Discretionary — 21.6%
           
Alibaba Group Holding ADR *
   
32,460
   
$
3,151,541
 
Baozun ADR *
   
67,800
     
517,992
 
JD.com ADR *
   
58,544
     
3,609,823
 
Pinduoduo ADR *
   
74,078
     
3,192,021
 
Trip.com Group ADR *
   
179,910
     
4,254,872
 
Uxin ADR * (A)
   
359,169
     
284,175
 
Vipshop Holdings ADR *
   
344,479
     
2,638,709
 
             
17,649,133
 
                 
                 
Financials — 0.5%
               
LexinFintech Holdings ADR *
   
151,635
     
388,185
 
                 
                 
TOTAL CHINA
           
22,061,007
 
GERMANY — 0.8%
               
Consumer Discretionary — 0.8%
               
Jumia Technologies ADR * (A)
   
89,834
     
635,126
 
                 
                 
JAPAN — 3.8%
               
Consumer Discretionary — 3.8%
               
Rakuten Group
   
439,860
     
3,116,637
 
                 
                 
SOUTH KOREA — 0.3%
               
Information Technology — 0.3%
               
Cafe24 *
   
15,778
     
238,052
 
                 
                 
UNITED KINGDOM — 4.7%
               
Consumer Discretionary — 1.7%
               
ASOS *
   
79,344
     
1,392,629
 
                 
                 
Consumer Staples — 3.0%
               
Ocado Group *
   
213,762
     
2,479,800
 
                 
                 
TOTAL UNITED KINGDOM
           
3,872,429
 
UNITED STATES — 56.1%
               
Communication Services — 3.9%
               
Angi, Cl A *
   
85,519
     
377,139
 

The accompanying notes are an integral part of the financial statements.
17


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X E-commerce ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Communication Services — continued
           
TripAdvisor *
   
109,060
   
$
2,799,570
 
             
3,176,709
 
                 
                 
Consumer Discretionary — 37.0%
               
1847 Goedeker * (A)
   
149,056
     
189,301
 
Amazon.com *
   
1,354
     
3,365,543
 
Booking Holdings *
   
1,837
     
4,060,339
 
eBay
   
69,564
     
3,611,763
 
Etsy *
   
25,078
     
2,337,019
 
Expedia Group *
   
24,641
     
4,306,015
 
Groupon, Cl A * (A)
   
26,275
     
512,625
 
Lands’ End *
   
17,371
     
243,541
 
Overstock.com *
   
48,529
     
1,628,633
 
PetMed Express (A)
   
22,106
     
484,121
 
Qurate Retail, Cl A *
   
404,600
     
1,703,366
 
Shutterstock
   
27,205
     
2,059,963
 
Wayfair, Cl A * (A)
   
25,319
     
1,948,044
 
Williams-Sonoma
   
29,499
     
3,849,030
 
             
30,299,303
 
                 
                 
Financials — 1.5%
               
eHealth *
   
28,078
     
226,028
 
LendingTree *
   
12,959
     
1,029,204
 
             
1,255,232
 
                 
                 
Industrials — 4.7%
               
CoStar Group *
   
59,774
     
3,802,822
 
                 
                 
Information Technology — 9.0%
               
BigCommerce Holdings *
   
59,519
     
1,063,605
 
GoDaddy, Cl A *
   
56,189
     
4,540,633
 
LivePerson *
   
76,978
     
1,741,242
 
             
7,345,480
 
                 
                 
TOTAL UNITED STATES
           
45,879,546
 

The accompanying notes are an integral part of the financial statements.
18


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X E-commerce ETF
 

   
Shares/Face Amount
   
Value
 
COMMON STOCK — continued
           
TOTAL COMMON STOCK
           
(Cost $153,515,897)
       
$
81,722,190
 
               
PREFERRED STOCK — 0.0%
             
UNITED STATES— 0.0%
             
Consumer Discretionary — 0.0%
             
Overstock.com, Ser A1, 1.020%
             
(Cost $3,867)
   
366
     
10,138
 
                 
SHORT-TERM INVESTMENT(B)(C) — 1.9%
               
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.160%
               
(Cost $1,533,647) 
   
1,533,647
     
1,533,647
 
                 
REPURCHASE AGREEMENT(B) — 1.3%
               
BNP Paribas
               
0.240%, dated 04/29/2022, to be repurchased on 05/02/2022, repurchase price $1,099,710 (collateralized by various U.S. Treasury Obligations, ranging in par value $87,578 - $117,754, 0.250%, 09/30/2025, with a total market value of $1,120,993)
               
(Cost $1,099,688) 
 
$
1,099,688
     
1,099,688
 
TOTAL INVESTMENTS — 103.1%
               
(Cost $156,153,099)
         
$
84,365,663
 


Percentages are based on Net Assets of $81,790,621.

*
Non-income producing security.
(A)
This security or a partial position of this security is on loan at April 30, 2022.  The total value of securities on loan at April 30, 2022 was $2,053,386.
(B)
Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2022 was $2,633,335.




The accompanying notes are an integral part of the financial statements.
19


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X E-commerce ETF
 


(C)
The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2022.


ADR — American Depositary Receipt
Cl — Class
Ser — Series

The following is a summary of the level of inputs used as of April 30, 2022, in valuing the Fund’s investments carried at value:

Investments in Securities
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Common Stock
 
$
78,605,553
   
$
3,116,637
   
$
   
$
81,722,190
 
Preferred Stock
   
10,138
     
     
     
10,138
 
Short-Term Investment
   
1,533,647
     
     
     
1,533,647
 
Repurchase Agreement
   
     
1,099,688
     
     
1,099,688
 
Total Investments in Securities
 
$
80,149,338
   
$
4,216,325
   
$
   
$
84,365,663
 


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






The accompanying notes are an integral part of the financial statements.
20


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Emerging Markets Internet & E-commerce ETF
 


   
Shares
   
Value
 
COMMON STOCK — 99.9%
           
BRAZIL — 9.3%
           
Consumer Discretionary — 5.7%
           
Americanas
   
3,669
   
$
17,781
 
Magazine Luiza
   
27,649
     
27,246
 
MercadoLibre *
   
108
     
105,152
 
             
150,179
 
                 
                 
Financials — 0.6%
               
XP, Cl A *
   
653
     
16,070
 
                 
                 
Information Technology — 3.0%
               
Pagseguro Digital, Cl A *
   
2,368
     
34,833
 
StoneCo, Cl A *
   
1,799
     
16,947
 
TOTVS *
   
3,897
     
25,158
 
             
76,938
 
                 
                 
TOTAL BRAZIL
           
243,187
 
CHILE — 1.0%
               
Consumer Discretionary — 1.0%
               
Falabella
   
9,617
     
27,001
 
                 
                 
CHINA — 71.9%
               
Communication Services — 31.5%
               
Autohome ADR
   
906
     
26,337
 
Baidu ADR *
   
795
     
98,715
 
Bilibili ADR *
   
3,088
     
75,162
 
China Literature *
   
3,740
     
16,064
 
Hello Group ADR *
   
1,549
     
8,241
 

The accompanying notes are an integral part of the financial statements.
21


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Emerging Markets Internet & E-commerce ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Communication Services — continued
           
HUYA ADR *
   
1,602
   
$
6,616
 
iQIYI ADR *
   
5,446
     
19,388
 
Kingsoft
   
7,650
     
23,497
 
NetEase ADR
   
2,542
     
242,329
 
Tencent Holdings
   
4,480
     
215,488
 
Tencent Music Entertainment Group ADR *
   
12,313
     
52,330
 
Weibo ADR *
   
1,911
     
44,221
 
             
828,388
 
                 
                 
Consumer Discretionary — 37.1%
               
Alibaba Group Holding ADR *
   
2,304
     
223,695
 
Alibaba Health Information Technology *
   
34,800
     
20,181
 
JD.com ADR *
   
3,384
     
208,657
 
Meituan, Cl B *
   
10,970
     
240,480
 
Pinduoduo ADR *
   
2,338
     
100,744
 
Ping An Healthcare and Technology *
   
4,130
     
10,370
 
Tongcheng Travel Holdings *
   
9,050
     
16,287
 
Trip.com Group ADR *
   
4,696
     
111,060
 
Vipshop Holdings ADR *
   
5,676
     
43,478
 
             
974,952
 
                 
                 
Information Technology — 3.3%
               
Kingdee International Software Group *
   
18,250
     
37,960
 
TravelSky Technology, Cl H
   
24,250
     
36,903
 
Weimob *
   
17,350
     
10,614
 
             
85,477
 
                 
                 
TOTAL CHINA
           
1,888,817
 
SOUTH AFRICA — 4.4%
               
Communication Services — 0.6%
               
MultiChoice Group
   
1,951
     
15,950
 

The accompanying notes are an integral part of the financial statements.
22


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Emerging Markets Internet & E-commerce ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Discretionary — 3.8%
           
Naspers, Cl N
   
972
   
$
98,805
 
                 
                 
TOTAL SOUTH AFRICA
           
114,755
 
SOUTH KOREA — 12.1%
               
Communication Services — 9.9%
               
Kakao
   
1,549
     
110,872
 
NAVER
   
458
     
104,472
 
NCSoft
   
131
     
43,962
 
             
259,306
 
                 
                 
Consumer Discretionary — 2.2%
               
Coupang, Cl A *
   
4,546
     
58,507
 
                 
                 
TOTAL SOUTH KOREA
           
317,813
 
URUGUAY — 1.2%
               
Information Technology — 1.2%
               
Dlocal, Cl A *
   
1,412
     
32,010
 
                 
                 
TOTAL COMMON STOCK
               
(Cost $5,010,288)
           
2,623,583
 
TOTAL INVESTMENTS — 99.9%
               
(Cost $5,010,288)
         
$
2,623,583
 


Percentages are based on Net Assets of $2,627,129.

*
Non-income producing security.

ADR — American Depositary Receipt
Cl — Class

As of April 30, 2022, 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.

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


The accompanying notes are an integral part of the financial statements.
23


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X SuperDividend® ETF
 


   
Shares
   
Value
 
COMMON STOCK — 92.9%
           
AUSTRALIA — 2.3%
           
Financials — 2.3%
           
Magellan Financial Group (A)
   
923,253
   
$
10,701,169
 
Platinum Asset Management
   
5,940,618
     
7,936,810
 
                 
                 
TOTAL AUSTRALIA
           
18,637,979
 
BRAZIL — 8.1%
               
Consumer Staples — 1.1%
               
Marfrig Global Foods
   
2,344,033
     
8,874,968
 
                 
                 
Financials — 1.1%
               
Banco Santander Brasil
   
1,407,129
     
9,021,515
 

The accompanying notes are an integral part of the financial statements.
24


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X SuperDividend® ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Health Care — 1.1%
           
Qualicorp Consultoria e Corretora de Seguros
   
3,220,840
   
$
8,630,618
 
                 
                 
Materials — 2.2%
               
Dexco
   
3,529,282
     
9,172,057
 
Vale ADR, Cl B
   
524,485
     
8,858,551
 
             
18,030,608
 
                 
                 
Utilities — 2.6%
               
CPFL Energia
   
1,537,507
     
11,223,472
 
Transmissora Alianca de Energia Eletrica
   
1,168,179
     
10,374,483
 
             
21,597,955
 
                 
                 
TOTAL BRAZIL
           
66,155,664
 
CANADA — 1.0%
               
Materials — 1.0%
               
Labrador Iron Ore Royalty (A)
   
291,327
     
7,923,420
 
                 
                 
CHILE — 1.0%
               
Utilities — 1.0%
               
Colbun
   
116,605,843
     
8,328,696
 
                 
                 
CHINA — 30.3%
               
Energy — 1.5%
               
China Shenhua Energy, Cl H
   
3,640,000
     
11,737,222
 
                 
                 
Financials — 2.4%
               
China Everbright Bank, Cl H
   
25,899,200
     
9,440,517
 
Chongqing Rural Commercial Bank, Cl H
   
26,182,700
     
10,211,258
 
             
19,651,775
 
                 
                 
Industrials — 2.6%
               
Lonking Holdings
   
35,158,900
     
9,768,664
 
Sinopec Engineering Group, Cl H
   
22,170,200
     
11,613,278
 
             
21,381,942
 
                 
                 
Materials — 1.2%
               
China Resources Cement Holdings
   
11,977,200
     
9,998,618
 

The accompanying notes are an integral part of the financial statements.
25


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X SuperDividend® ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Real Estate — 22.6%
           
Agile Group Holdings (A)
   
21,510,800
   
$
10,417,981
 
China Aoyuan Group (A)(B)(C)(D)
   
74,177,600
     
10,040,161
 
China Evergrande Group (A)(B)(C)(D)
   
52,571,300
     
9,949,897
 
China Jinmao Holdings Group
   
36,580,700
     
12,168,468
 
China Overseas Grand Oceans Group
   
18,240,300
     
10,786,818
 
China SCE Group Holdings
   
58,510,200
     
10,589,204
 
Gemdale Properties & Investment
   
104,502,300
     
11,187,899
 
Guangzhou R&F Properties, Cl H (A)
   
26,022,500
     
9,783,955
 
KWG Group Holdings
   
27,696,400
     
10,095,614
 
Logan Group (A)
   
49,794,900
     
15,739,102
 
Midea Real Estate Holding
   
6,385,100
     
12,255,642
 
Powerlong Real Estate Holdings
   
25,954,100
     
8,931,268
 
Shenzhen Investment
   
45,422,100
     
9,841,460
 
Shimao Group Holdings (A)(B)(C)(D)
   
19,468,500
     
9,870,534
 
Times China Holdings
   
36,955,480
     
13,188,040
 
Yuexiu Property
   
9,923,460
     
10,396,289
 
Zhongliang Holdings Group (A)
   
32,591,300
     
10,426,026
 
             
185,668,358
 
                 
                 
TOTAL CHINA
           
248,437,915
 
EGYPT — 1.0%
               
Consumer Staples — 1.0%
               
Eastern SAE
   
13,673,187
     
7,964,317
 
                 
                 
HONG KONG — 5.6%
               
Communication Services — 2.4%
               
HKBN
   
8,265,000
     
9,659,521
 
PCCW
   
17,332,000
     
9,874,147
 
             
19,533,668
 
                 
                 
Consumer Discretionary — 1.1%
               
Pacific Textiles Holdings
   
21,255,200
     
9,400,221
 

The accompanying notes are an integral part of the financial statements.
26


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X SuperDividend® ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Financials — 0.9%
           
Haitong International Securities Group
   
45,497,900
   
$
7,248,444
 
                 
                 
Information Technology — 1.2%
               
VTech Holdings
   
1,357,100
     
9,642,732
 
                 
                 
TOTAL HONG KONG
           
45,825,065
 
ISRAEL — 1.1%
               
Consumer Discretionary — 1.1%
               
Delek Automotive Systems
   
652,825
     
9,279,881
 
                 
                 
KAZAKHSTAN — 1.2%
               
Financials — 1.2%
               
Halyk Savings Bank of Kazakhstan JSC GDR
   
993,813
     
9,838,749
 
                 
                 
KUWAIT — 1.1%
               
Consumer Discretionary — 1.1%
               
Humansoft Holding KSC
   
791,196
     
8,716,194
 
                 
                 
MALAYSIA — 1.0%
               
Health Care — 1.0%
               
Hartalega Holdings
   
8,502,836
     
8,593,655
 
                 
                 
MEXICO — 0.9%
               
Consumer Discretionary — 0.9%
               
Betterware de Mexico (A)
   
481,565
     
7,676,146
 
                 
                 
NIGERIA — 0.9%
               
Financials — 0.9%
               
Zenith Bank
   
131,231,060
     
7,747,376
 
                 
                 
NORWAY — 1.3%
               
Industrials — 1.3%
               
Golden Ocean Group
   
839,221
     
10,515,439
 
                 
                 
PAKISTAN — 1.0%
               
Financials — 1.0%
               
United Bank
   
11,414,213
     
8,442,523
 

The accompanying notes are an integral part of the financial statements.
27


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X SuperDividend® ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
RUSSIA — 0.2%
           
Consumer Staples — 0.1%
           
Magnit PJSC GDR (B)(C)(D)
   
33,120
   
$
42,952
 
X5 Retail Group GDR (B)(C)(D)
   
411,120
     
636,489
 
             
679,441
 
                 
Materials — 0.1%
               
Magnitogorsk Iron & Steel Works PJSC (B)(C)(D)(E)
   
6,332,020
     
401,691
 
PhosAgro PJSC GDR (B)(C)(D)
   
22,480
     
75,192
 
Severstal PJSC *(B)(C)(D)
   
311,297
     
481,285
 
             
958,168
 
                 
                 
Utilities — 0.0%
               
Unipro PJSC (B)(C)(D)
   
209,276,262
     
424,610
 
                 
                 
TOTAL RUSSIA
           
2,062,219
 
SINGAPORE — 2.3%
               
Energy — 1.2%
               
BW LPG
   
1,530,539
     
9,815,834
 
                 
                 
Health Care — 1.1%
               
Riverstone Holdings
   
13,303,517
     
9,296,758
 
                 
                 
TOTAL SINGAPORE
           
19,112,592
 
SOUTH AFRICA — 3.4%
               
Energy — 1.2%
               
Exxaro Resources (A)
   
678,544
     
9,717,235
 
                 
                 
Financials — 1.0%
               
Coronation Fund Managers
   
3,247,705
     
8,587,309
 
                 
                 
Real Estate — 1.2%
               
Redefine Properties
   
34,402,488
     
9,527,094
 
                 
                 
TOTAL SOUTH AFRICA
           
27,831,638
 

The accompanying notes are an integral part of the financial statements.
28


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X SuperDividend® ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
TURKEY — 1.1%
           
Materials — 1.1%
           
Iskenderun Demir ve Celik
   
4,810,576
   
$
8,878,971
 
                 
                 
UKRAINE — 1.2%
               
Materials — 1.2%
               
Ferrexpo
   
4,850,566
     
10,066,523
 
                 
                 
UNITED KINGDOM — 3.5%
               
Consumer Staples — 1.2%
               
Imperial Brands
   
462,853
     
9,681,269
 
                 
                 
Financials — 2.3%
               
CMC Markets
   
2,883,484
     
10,498,561
 
M&G
   
3,155,523
     
8,486,039
 
             
18,984,600
 
                 
                 
TOTAL UNITED KINGDOM
           
28,665,869
 
UNITED STATES — 23.4%
               
Communication Services — 1.1%
               
Lumen Technologies
   
874,056
     
8,793,003
 
                 
                 
Energy — 2.4%
               
Antero Midstream
   
958,942
     
9,848,334
 
Diversified Energy
   
6,708,515
     
10,191,216
 
             
20,039,550
 
                 
                 
Financials — 15.7%
               
AGNC Investment
   
733,100
     
8,049,438
 
Annaly Capital Management
   
1,333,591
     
8,561,654
 
Apollo Commercial Real Estate Finance
   
696,693
     
8,388,184
 
Arbor Realty Trust
   
541,970
     
9,267,687
 
ARMOUR Residential ‡ (A)
   
1,111,534
     
8,158,660
 
Blackstone Mortgage Trust, Cl A
   
298,048
     
8,953,362
 
Chimera Investment
   
771,104
     
7,726,462
 
Ellington Financial
   
529,082
     
8,565,838
 

The accompanying notes are an integral part of the financial statements.
29


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X SuperDividend® ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Financials — continued
           
Invesco Mortgage Capital ‡ (A)
   
4,293,479
   
$
7,470,653
 
KKR Real Estate Finance Trust
   
475,808
     
9,040,352
 
New York Mortgage Trust
   
2,570,936
     
8,278,414
 
PennyMac Mortgage Investment Trust
   
582,318
     
8,932,758
 
Ready Capital
   
615,941
     
8,974,260
 
Starwood Property Trust
   
411,592
     
9,417,225
 
Two Harbors Investment
   
1,801,295
     
8,664,229
 
             
128,449,176
 
                 
                 
Real Estate — 4.2%
               
Global Net Lease
   
627,798
     
8,808,006
 
Necessity Retail REIT
   
1,246,357
     
9,310,287
 
Office Properties Income Trust
   
380,665
     
8,229,977
 
Omega Healthcare Investors
   
327,282
     
8,339,146
 
             
34,687,416
 
                 
                 
TOTAL UNITED STATES
           
191,969,145
 
TOTAL COMMON STOCK
               
(Cost $889,813,712)
           
762,669,976
 
                 
PREFERRED STOCK — 6.9%
               
BRAZIL— 6.9%
               
Energy — 1.1%
               
Petroleo Brasileiro (E)
   
1,489,529
     
9,107,657
 
Materials — 3.4%
               
Braskem (E)
   
1,058,065
     
8,593,226
 
Gerdau (E)
   
1,644,284
     
9,286,907
 
Unipar Carbocloro (E)
   
517,555
     
10,034,022
 
             
27,914,155
 
Utilities — 2.4%
               
Cia de Transmissao de Energia Eletrica Paulista (E)
   
1,932,695
     
9,819,193
 

The accompanying notes are an integral part of the financial statements.
30


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X SuperDividend® ETF
 

   
Number of Warrants/Shares/Face Amount
   
Value
 
PREFERRED STOCK — continued
           
Utilities — continued
           
Cia Paranaense de Energia (E)
   
6,600,920
   
$
9,916,975
 
             
19,736,168
 
TOTAL BRAZIL
           
56,757,980
 
TOTAL PREFERRED STOCK
               
(Cost $54,935,698)
           
56,757,980
 
                 
WARRANT — 0.0%
               
Australia — 0.0%
               
Magellan Financial Group
               
Strike Price $35, Expires 4/19/27(Cost $–)
   
113,334
     
126,047
 
                 
                 
SHORT-TERM INVESTMENT(F)(G) — 5.0%
               
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.160%
               
(Cost $41,116,116) 
   
41,116,116
     
41,116,116
 
                 
REPURCHASE AGREEMENT(F) — 3.6%
               
BNP Paribas
               
0.240%, dated 04/29/2022, to be repurchased on 05/02/2022, repurchase price $29,482,533 (collateralized by various U.S. Treasury Obligations, ranging in par value $2,347,902 - $3,156,917, 0.250%, 09/30/2025, with a total market value of $30,053,147)
               
(Cost $29,481,944) 
 
$
29,481,944
     
29,481,944
 
TOTAL INVESTMENTS — 108.4%
               
(Cost $1,015,347,470)
         
$
890,152,063
 






The accompanying notes are an integral part of the financial statements.
31


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X SuperDividend® ETF
 


Percentages are based on Net Assets of $821,256,281.

*
Non-income producing security.
Real Estate Investment Trust
(A)
This security or a partial position of this security is on loan at April 30, 2022.  The total value of securities on loan at April 30, 2022 was $63,986,441.
(B)
Level 3 security in accordance with fair value hierarchy.
(C)
Security considered illiquid. The total value of such securities as of April 30, 2022 was $31,922,811 and represented 3.9% of Net Assets.
(D)
Security is fair valued using methods determined in good faith by the Fair Value Committee of the Fund. The total value of such securities as of April 30, 2022, was $31,922,811 and represents 3.9% of Net Assets.
(E)
There is currently no stated interest rate.
(F)
Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2022 was $70,598,060.
(G)
The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2022.


ADR — American Depositary Receipt
Cl — Class
GDR — Global Depositary Receipt
PJSC — Public Joint Stock Company
REIT — Real Estate Investment Trust

The following is a summary of the level of inputs used as of April 30, 2022, in valuing the Fund’s investments carried at value:

Investments in Securities
 
Level 1
   
Level 2
   
Level 3(1)
   
Total
 
Common Stock
 
$
696,344,250
   
$
34,402,915
   
$
31,922,811
   
$
762,669,976
 
Preferred Stock
   
56,757,980
     
     
     
56,757,980
 
Short-Term Investment
   
41,116,116
     
     
     
41,116,116
 
Warrant
   
     
126,047
     
     
126,047
 
Repurchase Agreement
   
     
29,481,944
     
     
29,481,944
 
Total Investments in Securities
 
$
794,218,346
   
$
64,010,906
   
$
31,922,811
   
$
890,152,063
 






The accompanying notes are an integral part of the financial statements.
32


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X SuperDividend® ETF
 


(1)
The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value:



   
Investments in Common Stock
 
Beginning Balance as of October 31, 2021
 
$
 
Transfers out of Level 3
   
 
Transfers into Level 3
   
31,922,811
 
Net purchases
   
 
Net sales
   
 
Realized gain/(loss)
   
 
Change in unrealized appreciation/(depreciation)
   
 
Ending Balance as of April 30, 2022
 
$
31,922,811
 


For the period ended April 30, 2022, the transfers in and out of Level 3 were due to changes in the availability of observable inputs to determine fair value.

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






The accompanying notes are an integral part of the financial statements.
33


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X SuperDividend® U.S. ETF
 






   
Shares
   
Value
 
COMMON STOCK — 83.6%
           
UNITED STATES — 83.6%
           
Communication Services — 7.6%
           
AT&T
   
585,910
   
$
11,050,263
 
Cogent Communications Holdings
   
216,305
     
12,653,842
 
Lumen Technologies
   
1,423,540
     
14,320,812
 
Verizon Communications
   
258,589
     
11,972,671
 
Warner Bros Discovery *
   
141,241
     
2,563,524
 
             
52,561,112
 
                 
                 
Consumer Discretionary — 1.6%
               
PetMed Express (A)
   
524,381
     
11,483,944
 
                 
                 
Consumer Staples — 16.5%
               
Altria Group
   
269,763
     
14,990,730
 
B&G Foods
   
446,369
     
12,020,717
 

The accompanying notes are an integral part of the financial statements.
34


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X SuperDividend® U.S. ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Staples — continued
           
Kellogg
   
214,042
   
$
14,661,877
 
Kraft Heinz
   
368,411
     
15,705,361
 
Philip Morris International
   
124,392
     
12,439,200
 
SpartanNash
   
504,868
     
17,306,875
 
Universal
   
254,129
     
14,701,363
 
Walgreens Boots Alliance
   
297,432
     
12,611,117
 
             
114,437,240
 
                 
                 
Energy — 7.2%
               
Enviva
   
197,323
     
16,642,222
 
Kimbell Royalty Partners
   
928,263
     
15,622,666
 
Sabine Royalty Trust
   
284,562
     
18,004,238
 
             
50,269,126
 
                 
                 
Financials — 13.4%
               
AGNC Investment
   
1,030,422
     
11,314,034
 
ARMOUR Residential ‡(A)
   
1,628,174
     
11,950,797
 
Invesco Mortgage Capital ‡ (A)
   
5,728,152
     
9,966,984
 
KKR Real Estate Finance Trust
   
658,371
     
12,509,049
 
New York Community Bancorp
   
1,200,131
     
11,089,210
 
TFS Financial
   
820,892
     
12,305,171
 
Two Harbors Investment
   
2,677,180
     
12,877,236
 
Virtu Financial, Cl A
   
395,489
     
11,421,722
 
             
93,434,203
 
                 
                 
Health Care — 4.0%
               
AbbVie
   
95,588
     
14,039,965
 
Gilead Sciences
   
227,137
     
13,478,310
 
             
27,518,275
 
                 
                 
Industrials — 5.9%
               
3M
   
93,653
     
13,506,636
 
Ennis
   
735,038
     
12,679,405
 
MSC Industrial Direct, Cl A
   
175,064
     
14,505,803
 
             
40,691,844
 

The accompanying notes are an integral part of the financial statements.
35


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X SuperDividend® U.S. ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — 2.1%
           
International Business Machines
   
111,385
   
$
14,726,211
 
                 
                 
Real Estate — 8.1%
               
Alexander’s
   
53,557
     
13,291,241
 
Easterly Government Properties, Cl A
   
662,931
     
12,628,836
 
Global Net Lease
   
954,245
     
13,388,057
 
Iron Mountain
   
318,207
     
17,097,262
 
             
56,405,396
 
                 
                 
Utilities — 17.2%
               
American Electric Power
   
162,126
     
16,068,308
 
Avangrid (A)
   
315,441
     
13,989,808
 
Clearway Energy, Cl C
   
430,699
     
13,149,241
 
Consolidated Edison
   
170,184
     
15,782,864
 
DTE Energy
   
116,908
     
15,319,624
 
Duke Energy
   
140,381
     
15,464,371
 
Hawaiian Electric Industries
   
343,677
     
14,128,562
 
National Fuel Gas
   
227,256
     
15,937,463
 
             
119,840,241
 
                 
                 
TOTAL UNITED STATES
           
581,367,592
 
TOTAL COMMON STOCK
               
(Cost $551,497,062)
           
581,367,592
 
                 
MASTER LIMITED PARTNERSHIPS — 16.1%
               
UNITED KINGDOM— 2.2%
               
Energy — 2.2%
               
KNOT Offshore Partners
   
928,470
     
15,152,630
 
UNITED STATES— 13.9%
               
Energy — 10.0%
               
CrossAmerica Partners
   
656,201
     
13,655,543
 
Holly Energy Partners
   
770,359
     
13,196,250
 
MPLX
   
427,012
     
13,818,108
 

The accompanying notes are an integral part of the financial statements.
36


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X SuperDividend® U.S. ETF
 

   
Shares/Face Amount
   
Value
 
MASTER LIMITED PARTNERSHIPS — continued
           
Energy — continued
           
Shell Midstream Partners
   
1,018,797
   
$
14,395,602
 
USA Compression Partners
   
816,225
     
14,463,507
 
             
69,529,010
 
Industrials — 1.9%
               
Icahn Enterprises
   
251,774
     
13,253,383
 
Materials — 2.0%
               
Westlake Chemical Partners
   
508,456
     
13,855,426
 
TOTAL UNITED STATES
           
96,637,819
 
TOTAL MASTER LIMITED PARTNERSHIPS
               
(Cost $90,454,726)
           
111,790,449
 
                 
SHORT-TERM INVESTMENT(B)(C) — 1.9%
               
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.160%
               
(Cost $13,138,390) 
   
13,138,390
     
13,138,390
 
                 
REPURCHASE AGREEMENT(B) — 1.4%
               
BNP Paribas
               
0.240%, dated 04/29/2022, to be repurchased on 05/02/2022, repurchase price $9,420,954 (collateralized by various U.S. Treasury Obligations, ranging in par value $750,257 - $1,008,773, 0.250%, 09/30/2025, with a total market value of $9,603,294)
               
(Cost $9,420,766) 
 
$
9,420,766
     
9,420,766
 
TOTAL INVESTMENTS — 103.0%
               
(Cost $664,510,944)
         
$
715,717,197
 


Percentages are based on Net Assets of $695,105,037.

Real Estate Investment Trust
*
Non-income producing security.




The accompanying notes are an integral part of the financial statements.
37


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X SuperDividend® U.S. ETF
 


(A)
This security or a partial position of this security is on loan at April 30, 2022.  The total value of securities on loan at April 30, 2022 was $21,051,368.
(B)
Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2022 was $22,559,156.
(C)
The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2022.


Cl — Class

The following is a summary of the level of inputs used as of April 30, 2022, in valuing the Fund’s investments carried at value:

Investments in Securities
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Common Stock
 
$
581,367,592
   
$
   
$
   
$
581,367,592
 
Master Limited Partnerships
   
111,790,449
     
     
     
111,790,449
 
Short-Term Investment
   
13,138,390
     
     
     
13,138,390
 
Repurchase Agreement
   
     
9,420,766
     
     
9,420,766
 
Total Investments in Securities
 
$
706,296,431
   
$
9,420,766
   
$
   
$
715,717,197
 


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





The accompanying notes are an integral part of the financial statements.
38


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X MSCI SuperDividend® EAFE ETF
 



   
Shares
   
Value
 
COMMON STOCK — 99.3%
           
AUSTRALIA — 14.2%
           
Industrials — 2.3%
           
Aurizon Holdings
   
88,169
   
$
252,509
 
                 
                 
Materials — 9.6%
               
BHP Group
   
13,555
     
462,474
 
Fortescue Metals Group
   
13,810
     
212,279
 
Rio Tinto
   
2,797
     
200,373
 
Rio Tinto
   
2,532
     
203,023
 
             
1,078,149
 
                 
                 
Real Estate — 2.3%
               
Vicinity Centres
   
195,824
     
260,930
 
                 
                 
TOTAL AUSTRALIA
           
1,591,588
 
AUSTRIA — 2.0%
               
Energy — 2.0%
               
OMV
   
4,418
     
228,844
 

The accompanying notes are an integral part of the financial statements.
39


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X MSCI SuperDividend® EAFE ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
BELGIUM — 1.7%
           
Consumer Discretionary — 1.7%
           
Ageas
   
3,878
   
$
187,700
 
                 
                 
FINLAND — 1.3%
               
Utilities — 1.3%
               
Fortum
   
8,968
     
150,427
 
                 
                 
FRANCE — 8.2%
               
Communication Services — 2.1%
               
Orange
   
19,238
     
229,701
 
                 
                 
Financials — 4.5%
               
AXA
   
7,790
     
209,232
 
CNP Assurances
   
13,573
     
298,978
 
             
508,210
 
                 
                 
Industrials — 1.6%
               
Credit Agricole
   
15,888
     
173,913
 
                 
                 
TOTAL FRANCE
           
911,824
 
GERMANY — 3.5%
               
Communication Services — 2.1%
               
Telefonica Deutschland Holding
   
77,911
     
235,810
 
                 
                 
Materials — 1.4%
               
BASF
   
2,950
     
156,881
 
                 
                 
TOTAL GERMANY
           
392,691
 
HONG KONG — 9.4%
               
Communication Services — 2.4%
               
HKT Trust & HKT
   
185,520
     
266,240
 
                 
                 
Real Estate — 2.0%
               
Henderson Land Development
   
55,900
     
226,916
 
                 
                 
Utilities — 5.0%
               
CK Infrastructure Holdings
   
41,400
     
278,861
 

The accompanying notes are an integral part of the financial statements.
40


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X MSCI SuperDividend® EAFE ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Utilities — continued
           
Power Assets Holdings
   
41,706
   
$
280,923
 
             
559,784
 
                 
                 
TOTAL HONG KONG
           
1,052,940
 
ITALY — 5.7%
               
Financials — 3.6%
               
Poste Italiane
   
18,073
     
178,802
 
Assicurazioni Generali
   
11,566
     
220,849
 
             
399,651
 
                 
                 
Utilities — 2.1%
               
Snam
   
42,376
     
233,537
 
                 
                 
TOTAL ITALY
           
633,188
 
JAPAN — 9.2%
               
Communication Services — 2.0%
               
SoftBank
   
19,068
     
222,970
 
                 
                 
Financials — 3.4%
               
Japan Post Holdings
   
29,225
     
205,608
 
Nomura Holdings
   
45,878
     
177,053
 
             
382,661
 
                 
                 
Industrials — 2.0%
               
Mitsui OSK Lines
   
9,300
     
220,369
 
                 
                 
Real Estate — 1.8%
               
Japan Metropolitan Fund Invest
   
253
     
201,721
 
                 
                 
TOTAL JAPAN
           
1,027,721
 
NETHERLANDS — 2.1%
               
Financials — 2.1%
               
NN Group
   
4,696
     
232,543
 

The accompanying notes are an integral part of the financial statements.
41


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X MSCI SuperDividend® EAFE ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
NEW ZEALAND — 2.2%
           
Communication Services — 2.2%
           
Spark New Zealand
   
77,753
   
$
248,291
 
                 
                 
NORWAY — 1.8%
               
Communication Services — 1.8%
               
Telenor
   
13,851
     
197,584
 
                 
                 
PORTUGAL — 1.9%
               
Utilities — 1.9%
               
Energias de Portugal
   
44,834
     
210,097
 
                 
                 
SPAIN — 9.9%
               
Communication Services — 2.0%
               
Telefonica
   
46,080
     
225,220
 
                 
                 
Industrials — 1.6%
               
ACS Actividades de Construccion y Servicios
   
6,989
     
181,304
 
                 
                 
Utilities — 6.3%
               
Enagas
   
10,721
     
232,650
 
Endesa
   
8,816
     
186,288
 
Naturgy Energy Group
   
9,449
     
286,388
 
             
705,326
 
                 
                 
TOTAL SPAIN
           
1,111,850
 
SWEDEN — 5.5%
               
Communication Services — 1.7%
               
Tele2, Cl B
   
14,713
     
195,756
 
                 
                 
Consumer Discretionary — 1.0%
               
Electrolux, Cl B
   
7,113
     
109,847
 
                 
                 
Energy — 2.8%
               
Lundin Energy
   
7,367
     
308,420
 
                 
                 
TOTAL SWEDEN
           
614,023
 

The accompanying notes are an integral part of the financial statements.
42


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X MSCI SuperDividend® EAFE ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
SWITZERLAND — 2.4%
           
Financials — 2.4%
           
Zurich Insurance Group
   
587
   
$
269,658
 
                 
                 
UNITED KINGDOM — 16.4%
               
Communication Services — 1.7%
               
Vodafone Group
   
123,870
     
189,016
 
                 
                 
Consumer Discretionary — 1.3%
               
Persimmon
   
5,599
     
147,620
 
                 
                 
Consumer Staples — 2.4%
               
British American Tobacco
   
6,278
     
264,204
 
                 
                 
Financials — 8.5%
               
Admiral Group
   
4,333
     
137,307
 
Aviva
   
43,167
     
234,831
 
Legal & General Group
   
62,650
     
198,293
 
M&G
   
74,208
     
199,565
 
Phoenix Group Holdings
   
24,051
     
183,893
 
             
953,889
 
                 
                 
Utilities — 2.5%
               
National Grid
   
18,988
     
284,641
 
                 
                 
TOTAL UNITED KINGDOM
           
1,839,370
 
UNITED STATES — 1.9%
               
Financials — 1.9%
               
Swiss Re
   
2,570
     
212,664
 
                 
                 
TOTAL COMMON STOCK
               
(Cost $11,268,916)
           
11,113,003
 
TOTAL INVESTMENTS — 99.3%
               
(Cost $11,268,916)
         
$
11,113,003
 


Percentages are based on Net Assets of $11,194,017.

Real Estate Investment Trust



The accompanying notes are an integral part of the financial statements.
43


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X MSCI SuperDividend® EAFE ETF
 


Cl — Class

The following is a summary of the level of inputs used as of April 30, 2022, in valuing the Fund’s investments carried at value:

Investments in Securities
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Common Stock
 
$
10,085,282
   
$
1,027,721
   
$
   
$
11,113,003
 
Total Investments in Securities
 
$
10,085,282
   
$
1,027,721
   
$
   
$
11,113,003
 


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






The accompanying notes are an integral part of the financial statements.
44


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X MSCI SuperDividend® Emerging Markets ETF
 

   
Shares
   
Value
 
COMMON STOCK — 91.6%
           
BRAZIL — 5.6%
           
Consumer Discretionary — 2.4%
           
Vibra Energia
   
406,644
   
$
1,734,243
 
                 
                 
Materials — 3.2%
               
Vale
   
141,002
     
2,371,483
 
                 
                 
TOTAL BRAZIL
           
4,105,726
 
CHINA — 38.3%
               
Energy — 9.5%
               
China Shenhua Energy, Cl H
   
859,564
     
2,771,674
 
Yankuang Energy Group, Cl H
   
1,465,000
     
4,182,434
 
             
6,954,108
 
                 
                 
Financials — 9.4%
               
Bank of China, Cl H
   
4,773,800
     
1,886,120
 
Bank of Communications, Cl H
   
2,931,380
     
2,043,633
 
China Cinda Asset Management, Cl H
   
9,139,600
     
1,549,252
 
Haitong Securities Ltd., Cl H
   
1,916,000
     
1,347,963
 
             
6,826,968
 

The accompanying notes are an integral part of the financial statements.
45


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X MSCI SuperDividend® Emerging Markets ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Industrials — 1.6%
           
Sinotruk Hong Kong
   
958,900
   
$
1,173,243
 
                 
                 
Real Estate — 12.2%
               
Agile Group Holdings
   
1,339,700
     
648,835
 
China Jinmao Holdings Group
   
5,771,700
     
1,919,940
 
CIFI Holdings Group
   
2,415,700
     
1,179,194
 
Jinke Properties Group, Cl A *
   
2,256,928
     
1,515,561
 
KWG Group Holdings
   
1,307,300
     
476,524
 
Logan Group
   
1,247,400
     
394,276
 
Shanghai Lujiazui Finance & Trade Zone Development, Cl B
   
2,116,700
     
1,934,664
 
Shimao Group Holdings (A)(B)(C)
   
1,096,300
     
555,824
 
Sunac China Holdings (A)(B)(C)
   
755,000
     
308,499
 
             
8,933,317
 
                 
                 
Utilities — 5.6%
               
China Power International Development
   
8,317,364
     
4,091,819
 
                 
                 
TOTAL CHINA
           
27,979,455
 
CZECH REPUBLIC — 3.8%
               
Utilities — 3.8%
               
CEZ
   
65,594
     
2,815,302
 
                 
                 
EGYPT — 2.0%
               
Consumer Staples — 2.0%
               
Eastern SAE
   
2,504,492
     
1,458,809
 
                 
                 
INDIA — 6.5%
               
Energy — 6.5%
               
Bharat Petroleum
   
253,841
     
1,204,078
 
Coal India
   
670,432
     
1,603,669
 
Indian Oil
   
1,196,305
     
1,971,867
 
                 
                 
TOTAL INDIA
           
4,779,614
 

The accompanying notes are an integral part of the financial statements.
46


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X MSCI SuperDividend® Emerging Markets ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
MALAYSIA — 5.5%
           
Health Care — 2.8%
           
Hartalega Holdings
   
1,463,437
   
$
1,479,068
 
Top Glove
   
1,481,888
     
571,855
 
             
2,050,923
 
                 
                 
Industrials — 2.7%
               
Sime Darby
   
3,633,752
     
1,953,137
 
                 
                 
TOTAL MALAYSIA
           
4,004,060
 
RUSSIA — 0.5%
               
Consumer Staples — 0.0%
               
Magnit PJSC GDR (A)(B)(C)
   
7,300
     
9,467
 
                 
                 
Materials — 0.5%
               
Alrosa PJSC (A)(B)(C)
   
1,194,381
     
135,467
 
Novolipetsk Steel PJSC (A)(B)(C)
   
500,486
     
112,075
 
PhosAgro PJSC GDR (A)(B)(C)
   
6,650
     
22,243
 
Severstal PJSC *(A)(B)(C)
   
71,665
     
110,799
 
             
380,584
 
                 
                 
TOTAL RUSSIA
           
390,051
 
SOUTH AFRICA — 11.3%
               
Energy — 3.3%
               
Exxaro Resources
   
167,048
     
2,392,247
 
                 
                 
                 
Materials — 8.0%
               
African Rainbow Minerals
   
107,404
     
1,778,426
 
Impala Platinum Holdings
   
101,720
     
1,326,211
 
Kumba Iron Ore
   
39,319
     
1,327,517
 
Sibanye Stillwater
   
400,842
     
1,413,924
 
             
5,846,078
 
                 
                 
TOTAL SOUTH AFRICA
           
8,238,325
 

The accompanying notes are an integral part of the financial statements.
47


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X MSCI SuperDividend® Emerging Markets ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
SOUTH KOREA — 1.8%
           
Energy — 1.8%
           
HD Hyundai
   
29,185
   
$
1,354,686
 
                 
                 
TAIWAN — 7.7%
               
Information Technology — 5.2%
               
Compal Electronics
   
2,454,600
     
1,852,889
 
Lite-On Technology
   
880,010
     
1,940,617
 
             
3,793,506
 
                 
                 
Materials — 2.5%
               
Asia Cement
   
1,109,400
     
1,810,390
 
                 
                 
TOTAL TAIWAN
           
5,603,896
 
TURKEY — 4.4%
               
Consumer Staples — 1.9%
               
BIM Birlesik Magazalar
   
243,662
     
1,370,353
 
                 
                 
Materials — 2.5%
               
Eregli Demir ve Celik Fabrikalari
   
822,390
     
1,857,795
 
                 
                 
TOTAL TURKEY
           
3,228,148
 
UNITED ARAB EMIRATES — 4.2%
               
Real Estate — 4.2%
               
Aldar Properties PJSC
   
1,983,687
     
3,051,369
 
                 
                 
TOTAL COMMON STOCK
               
(Cost $71,176,143)
           
67,009,441
 
                 
PREFERRED STOCK — 8.0%
               
BRAZIL— 7.8%
               
Materials — 4.5%
               
Braskem (D)
   
176,088
     
1,430,124
 
Gerdau (D)
   
330,509
     
1,866,713
 
             
3,296,837
 

The accompanying notes are an integral part of the financial statements.
48


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X MSCI SuperDividend® Emerging Markets ETF
 

   
Shares
   
Value
 
PREFERRED STOCK — continued
           
Utilities — 3.3%
           
Cia Energetica de Minas Gerais (D)
   
812,663
   
$
2,407,368
 
TOTAL BRAZIL
           
5,704,205
 
RUSSIA— 0.2%
               
Energy — 0.2%
               
Surgutneftegas PJSC (A)(B)(C)(D)
   
3,166,303
     
148,759
 
TOTAL RUSSIA
           
148,759
 
TOTAL PREFERRED STOCK
               
(Cost $7,033,294)
           
5,852,964
 
TOTAL INVESTMENTS — 99.6%
               
(Cost $78,209,437)
         
$
72,862,405
 


Percentages are based on Net Assets of $73,130,859.

*
Non-income producing security.
(A)
Level 3 security in accordance with fair value hierarchy.
(B)
Security considered illiquid. The total value of such securities as of April 30, 2022 was $1,403,133 and represented 1.9% of Net Assets.
(C)
Security is fair valued using methods determined in good faith by the Fair Value Committee of the Fund. The total value of such securities as of April 30, 2022, was $1,403,133 and represents 1.9% of Net Assets.
(D)
There is currently no stated interest rate.


Cl — Class
GDR — Global Depositary Receipt
Ltd. — Limited
PJSC — Public Joint Stock Company





The accompanying notes are an integral part of the financial statements.
49


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X MSCI SuperDividend® Emerging Markets ETF
 


The following is a summary of the level of inputs used as of April 30, 2022, in valuing the Fund’s investments carried at value:

Investments in Securities
 
Level 1
   
Level 2
   
Level 3(1)
   
Total
 
Common Stock
 
$
64,296,258
   
$
1,458,809
   
$
1,254,374
   
$
67,009,441
 
Preferred Stock
   
5,704,205
     
     
148,759
     
5,852,964
 
Total Investments in Securities
 
$
70,000,463
   
$
1,458,809
   
$
1,403,133
   
$
72,862,405
 


(1)
The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value:


   
Investments in Common Stock
 
Beginning Balance as of October 31, 2021
 
$
 
Transfers out of Level 3
   
 
Transfers into Level 3
   
1,403,133
 
Net purchases
   
 
Net sales
   
 
Realized gain/(loss)
   
 
Change in unrealized appreciation/(depreciation)
   
 
Ending Balance as of April 30, 2022
 
$
1,403,133
 


For the period ended April 30, 2022, the transfers in and out of Level 3 were due to changes in the availability of observable inputs to determine fair value.

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




The accompanying notes are an integral part of the financial statements.
50


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X SuperDividend® REIT ETF
 


   
Shares
   
Value
 
COMMON STOCK — 99.3%
           
AUSTRALIA — 7.1%
           
Real Estate — 7.1%
           
Charter Hall Long Wale
   
3,585,783
   
$
13,658,573
 
Waypoint
   
6,367,284
     
12,172,030
 
                 
                 
TOTAL AUSTRALIA
           
25,830,603
 
CANADA — 7.0%
               
Real Estate — 7.0%
               
NorthWest Healthcare Properties Real Estate Investment Trust ‡ (A)
   
1,217,414
     
12,621,365
 
SmartCentres Real Estate Investment Trust
   
532,382
     
13,034,101
 
                 
                 
TOTAL CANADA
           
25,655,466
 
SINGAPORE — 32.3%
               
Real Estate — 32.3%
               
CapitaLand Integrated Commercial Trust
   
8,347,822
     
14,085,325
 
Frasers Logistics & Commercial Trust
   
12,141,665
     
12,749,232
 
Keppel
   
15,098,244
     
13,339,024
 
Keppel
   
7,820,654
     
11,723,335
 
Mapletree Commercial Trust
   
9,436,186
     
12,778,382
 
Mapletree Industrial Trust
   
6,755,890
     
12,769,116
 
Mapletree Logistics Trust
   
9,754,136
     
12,643,858
 
Mapletree North Asia Commercial Trust
   
15,502,594
     
13,471,731
 

The accompanying notes are an integral part of the financial statements.
51


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X SuperDividend® REIT ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Real Estate — continued
           
Suntec Real Estate Investment Trust
   
10,920,568
   
$
14,551,267
 
                 
                 
TOTAL SINGAPORE
           
118,111,270
 
UNITED STATES — 52.9%
               
Financials — 38.6%
               
AGNC Investment
   
907,823
     
9,967,897
 
Annaly Capital Management
   
1,723,869
     
11,067,239
 
Ares Commercial Real Estate
   
916,322
     
13,808,973
 
ARMOUR Residential ‡(A)
   
1,433,645
     
10,522,954
 
Blackstone Mortgage Trust, Cl A
   
413,908
     
12,433,796
 
Broadmark Realty Capital
   
1,436,885
     
11,222,072
 
Dynex Capital ‡ (A)
   
789,462
     
12,812,968
 
Ellington Financial
   
738,541
     
11,956,979
 
KKR Real Estate Finance Trust
   
624,240
     
11,860,560
 
MFA Financial
   
738,916
     
10,529,553
 
New Residential Investment
   
1,206,619
     
12,548,838
 
PennyMac Mortgage Investment Trust
   
808,175
     
12,397,404
 
             
141,129,233
 
                 
                 
Real Estate — 14.3%
               
Gaming and Leisure Properties
   
290,886
     
12,909,521
 
Getty Realty
   
463,556
     
12,474,292
 
Physicians Realty Trust
   
753,187
     
12,909,625
 
WP Carey
   
174,102
     
14,062,218
 
             
52,355,656
 
                 
                 
TOTAL UNITED STATES
           
193,484,889
 
TOTAL COMMON STOCK
               
(Cost $377,046,199)
           
363,082,228
 
                 
SHORT-TERM INVESTMENT(B)(C) — 2.3%
               
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.160%
               

The accompanying notes are an integral part of the financial statements.
52


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X SuperDividend® REIT ETF
 

   
Shares/Face Amount
   
Value
 
SHORT-TERM INVESTMENT(B)(C) — continued
           
(Cost $8,509,771) 
   
8,509,771
   
$
8,509,771
 
                 
REPURCHASE AGREEMENT(B) — 1.7%
               
BNP Paribas
               
0.240%, dated 04/29/2022, to be repurchased on 05/02/2022, repurchase price $6,101,978 (collateralized by various U.S. Treasury Obligations, ranging in par value $485,944 - $653,385, 0.250%, 09/30/2025, with a total market value of $6,220,080)
               
(Cost $6,101,856) 
 
$
6,101,856
     
6,101,856
 
TOTAL INVESTMENTS — 103.3%
               
(Cost $391,657,826)
         
$
377,693,855
 


Percentages are based on Net Assets of $365,518,836.


Real Estate Investment Trust
(A)
This security or a partial position of this security is on loan at April 30, 2022.  The total value of securities on loan at April 30, 2022 was $13,936,119.
(B)
Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2022 was $14,611,627.
(C)
The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2022.


Cl — Class

The following is a summary of the level of inputs used as of April 30, 2022, in valuing the Fund’s investments carried at value:

Investments in Securities
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Common Stock
 
$
363,082,228
   
$
   
$
   
$
363,082,228
 
Short-Term Investment
   
8,509,771
     
     
     
8,509,771
 
Repurchase Agreement
   
     
6,101,856
     
     
6,101,856
 
Total Investments in Securities
 
$
371,591,999
   
$
6,101,856
   
$
   
$
377,693,855
 


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




The accompanying notes are an integral part of the financial statements.
53


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — 100.2%(A)
           
BRAZIL — 0.4%
           
Consumer Discretionary — 0.4%
           
MercadoLibre *
   
28,922
   
$
28,159,327
 
                 
                 
CHINA — 1.3%
               
Communication Services — 0.4%
               
Baidu ADR *
   
136,606
     
16,962,367
 
NetEase ADR
   
124,100
     
11,830,453
 
             
28,792,820
 
                 
                 
Consumer Discretionary — 0.5%
               
JD.com ADR *
   
349,672
     
21,560,775
 
Pinduoduo ADR *
   
265,821
     
11,454,227
 
             
33,015,002
 
                 
                 
Information Technology — 0.4%
               
NXP Semiconductors
   
154,388
     
26,384,909
 
                 
                 
TOTAL CHINA
           
88,192,731
 
NETHERLANDS — 0.4%
               
Information Technology — 0.4%
               
ASML Holding, Cl G
   
48,345
     
27,255,461
 
                 

The accompanying notes are an integral part of the financial statements.
54


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
UNITED KINGDOM — 0.3%
           
Health Care — 0.3%
           
AstraZeneca ADR
   
336,532
   
$
22,345,725
 
                 
                 
UNITED STATES — 97.8%
               
Communication Services — 16.0%
               
Activision Blizzard
   
452,230
     
34,188,588
 
Alphabet, Cl A *
   
105,629
     
241,065,448
 
Alphabet, Cl C *
   
110,652
     
254,425,463
 
Charter Communications, Cl A *
   
101,348
     
43,426,605
 
Comcast, Cl A
   
2,638,774
     
104,917,654
 
Electronic Arts
   
167,002
     
19,714,586
 
Match Group *
   
155,090
     
12,275,374
 
Meta Platforms, Cl A *
   
1,213,775
     
243,325,474
 
Netflix *
   
255,243
     
48,588,057
 
Sirius XM Holdings
   
2,209,124
     
13,254,744
 
T-Mobile US *
   
728,753
     
89,738,644
 
             
1,104,920,637
 
                 
                 
Consumer Discretionary — 15.3%
               
Airbnb, Cl A *
   
215,494
     
33,015,836
 
Amazon.com *
   
178,493
     
443,667,556
 
Booking Holdings *
   
24,381
     
53,889,568
 
Dollar Tree *
   
133,332
     
21,659,783
 
eBay
   
345,278
     
17,926,834
 
Lucid Group *
   
978,415
     
17,689,743
 
Lululemon Athletica *
   
69,658
     
24,702,817
 
Marriott International, Cl A
   
188,983
     
33,548,262
 
O’Reilly Automotive *
   
39,115
     
23,725,203
 
Ross Stores
   
195,482
     
19,503,239
 
Starbucks
   
673,811
     
50,293,253
 
Tesla *
   
362,449
     
315,606,091
 
             
1,055,228,185
 
                 

The accompanying notes are an integral part of the financial statements.
55


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Staples — 6.3%
           
Costco Wholesale
   
258,189
   
$
137,284,255
 
Keurig Dr Pepper
   
834,134
     
31,196,612
 
Kraft Heinz
   
720,193
     
30,701,827
 
Mondelez International, Cl A
   
794,023
     
51,198,603
 
Monster Beverage *
   
312,641
     
26,787,081
 
PepsiCo
   
805,924
     
138,385,210
 
Walgreens Boots Alliance
   
478,723
     
20,297,855
 
             
435,851,443
 
                 
                 
Health Care — 5.7%
               
Align Technology *
   
44,293
     
12,840,984
 
Amgen
   
321,218
     
74,904,825
 
Biogen *
   
86,606
     
17,965,549
 
Dexcom *
   
57,679
     
23,566,486
 
Gilead Sciences
   
725,764
     
43,066,836
 
IDEXX Laboratories *
   
47,249
     
20,339,749
 
Illumina *
   
89,992
     
26,696,127
 
Intuitive Surgical *
   
207,166
     
49,574,824
 
Moderna *
   
233,561
     
31,392,934
 
Regeneron Pharmaceuticals *
   
62,515
     
41,204,262
 
Seagen *
   
102,655
     
13,448,831
 
Vertex Pharmaceuticals *
   
147,469
     
40,291,480
 
             
395,292,887
 
                 
                 
Industrials — 3.4%
               
Cintas
   
61,351
     
24,372,298
 
Copart *
   
134,673
     
15,305,586
 
CSX
   
1,269,961
     
43,610,461
 
Fastenal
   
319,195
     
17,654,675
 
Honeywell International
   
395,268
     
76,488,311
 
Old Dominion Freight Line
   
65,165
     
18,254,020
 
PACCAR
   
190,170
     
15,793,618
 
Verisk Analytics, Cl A
   
95,953
     
19,579,210
 
             
231,058,179
 
                 

The accompanying notes are an integral part of the financial statements.
56


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — 49.8%
           
Adobe *
   
275,951
   
$
109,262,798
 
Advanced Micro Devices *
   
949,509
     
81,202,009
 
Analog Devices
   
304,805
     
47,055,796
 
ANSYS *
   
48,261
     
13,305,075
 
Apple
   
5,722,462
     
902,146,134
 
Applied Materials
   
510,924
     
56,380,463
 
Atlassian, Cl A *
   
81,757
     
18,381,426
 
Autodesk *
   
126,432
     
23,931,049
 
Automatic Data Processing
   
241,182
     
52,621,089
 
Broadcom
   
239,268
     
132,647,787
 
Cadence Design Systems *
   
161,970
     
24,433,174
 
Cisco Systems
   
2,423,304
     
118,693,430
 
Cognizant Technology Solutions, Cl A
   
309,822
     
25,064,600
 
Crowdstrike Holdings, Cl A *
   
120,609
     
23,972,245
 
Datadog, Cl A *
   
153,938
     
18,592,632
 
DocuSign, Cl A *
   
108,123
     
8,757,963
 
Fiserv *
   
383,343
     
37,536,947
 
Fortinet *
   
92,097
     
26,616,954
 
Intel
   
2,375,439
     
103,545,386
 
Intuit
   
165,964
     
69,497,425
 
KLA
   
84,995
     
27,135,504
 
Lam Research
   
79,151
     
36,865,370
 
Marvell Technology
   
490,923
     
28,512,808
 
Microchip Technology
   
307,819
     
20,069,799
 
Micron Technology
   
636,650
     
43,413,164
 
Microsoft
   
2,628,412
     
729,436,898
 
NVIDIA
   
1,234,231
     
228,912,824
 
Okta, Cl A *
   
78,727
     
9,392,918
 
Palo Alto Networks *
   
58,369
     
32,761,352
 
Paychex
   
212,556
     
26,937,222
 
PayPal Holdings *
   
681,013
     
59,881,473
 
QUALCOMM
   
648,401
     
90,575,136
 

The accompanying notes are an integral part of the financial statements.
57


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Covered Call ETF
 

   
Shares/Number of Contracts
   
Value
 
COMMON STOCK — continued
           
Information Technology — continued
           
Skyworks Solutions
   
95,795
   
$
10,853,574
 
Splunk *
   
87,973
     
10,734,465
 
Synopsys *
   
85,753
     
24,593,103
 
Texas Instruments
   
539,081
     
91,778,540
 
VeriSign *
   
64,209
     
11,473,506
 
Workday, Cl A *
   
113,792
     
23,520,806
 
Zoom Video Communications, Cl A *
   
136,588
     
13,600,067
 
Zscaler *
   
82,624
     
16,751,190
 
             
3,430,844,101
 
                 
                 
Utilities — 1.3%
               
American Electric Power
   
296,426
     
29,378,781
 
Constellation Energy
   
174,229
     
10,316,099
 
Exelon
   
577,299
     
27,006,047
 
Xcel Energy
   
319,021
     
23,371,479
 
             
90,072,406
 
                 
                 
TOTAL UNITED STATES
           
6,743,267,838
 
TOTAL COMMON STOCK
               
(Cost $6,928,281,396)
           
6,909,221,082
 
TOTAL INVESTMENTS — 100.2%
               
(Cost $6,928,281,396)
         
$
6,909,221,082
 
                 
                 
           
Value
 
WRITTEN OPTIONS— (0.4)%(1)
               
UNITED STATES— (0.4)%
               
(Premiums Received  $(216,847,049))
   
(5,374
)
 
$
(27,058,090
)


Percentages are based on Net Assets of $6,895,810,939.


The accompanying notes are an integral part of the financial statements.
58


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Covered Call ETF
 


A list of the exchange traded option contracts held by the Fund at April 30, 2022, is as follows:

Description
 
Number of Contracts
   
Notional Amount
   
Exercise Price
 
Expiration Date
 
Value
 
WRITTEN OPTIONS — (0.4)%
                         
Call Options
                         
Nasdaq-100 Index*
   
(5,374
)
 
$
(7,550,470,000
)
 
$
14,050.00
 
05/20/22
 
$
(27,058,090
)


*
Non-income producing security.
(1)
Refer to table below for details on Options Contracts.
(A)
All or a portion of these securities has been segregated as collateral for writtenoptions contracts. The aggregate market value of collateral at April 30, 2022 was$6,909,221,082.


ADR — American Depositary Receipt
Cl — Class

The following is a summary of the level of inputs used as of April 30, 2022, in valuing the Fund’s investments carried at value:

Investments in Securities
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Common Stock
 
$
6,909,221,082
   
$
   
$
   
$
6,909,221,082
 
Total Investments in Securities
 
$
6,909,221,082
   
$
   
$
   
$
6,909,221,082
 


Other Financial Instruments
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Written Options
 
$
(27,058,090
)
 
$
   
$
   
$
(27,058,090
)
Total Other Financial Instruments
 
$
(27,058,090
)
 
$
   
$
   
$
(27,058,090
)


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



The accompanying notes are an integral part of the financial statements.
59


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call ETF
 


   
Shares
   
Value
 
COMMON STOCK — 100.2%(A)
           
CHINA — 0.1%
           
Information Technology — 0.1%
           
NXP Semiconductors
   
12,440
   
$
2,125,996
 
                 
                 
SWITZERLAND — 0.1%
               
Information Technology — 0.1%
               
TE Connectivity
   
13,455
     
1,678,915
 
                 
                 
UNITED KINGDOM — 0.5%
               
Materials — 0.5%
               
Linde
   
22,718
     
7,087,107
 
                 
                 
UNITED STATES — 99.5%
               
Communication Services — 8.7%
               
Activision Blizzard
   
33,050
     
2,498,580
 
Alphabet, Cl A *
   
13,198
     
30,120,344
 
Alphabet, Cl C *
   
12,310
     
28,304,752
 
AT&T
   
310,401
     
5,854,163
 
Charter Communications, Cl A *
   
5,615
     
2,405,971
 
Comcast, Cl A
   
197,023
     
7,833,634
 

The accompanying notes are an integral part of the financial statements.
60


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call ETF
 


   
Shares
   
Value
 
COMMON STOCK — continued
           
Communication Services — continued
           
DISH Network, Cl A *
   
10,452
   
$
297,987
 
Electronic Arts
   
12,427
     
1,467,007
 
Fox, Cl A
   
13,791
     
494,269
 
Fox, Cl B
   
6,899
     
229,323
 
Interpublic Group
   
16,042
     
523,290
 
Live Nation Entertainment *
   
5,937
     
622,673
 
Lumen Technologies
   
41,661
     
419,110
 
Match Group *
   
12,532
     
991,908
 
Meta Platforms, Cl A *
   
101,473
     
20,342,292
 
Netflix *
   
19,422
     
3,697,172
 
News, Cl A
   
17,254
     
342,664
 
News, Cl B
   
6,667
     
132,740
 
Omnicom Group
   
9,859
     
750,566
 
Paramount Global, Cl B
   
26,529
     
772,525
 
Take-Two Interactive Software *
   
5,179
     
618,942
 
T-Mobile US *
   
26,233
     
3,230,332
 
Twitter *
   
33,726
     
1,653,249
 
Verizon Communications
   
182,251
     
8,438,221
 
Walt Disney *
   
79,407
     
8,864,203
 
Warner Bros Discovery *
   
97,650
     
1,772,347
 
             
132,678,264
 
                 
                 
Consumer Discretionary — 11.5%
               
Advance Auto Parts
   
2,962
     
591,304
 
Amazon.com *
   
19,239
     
47,821,036
 
Aptiv *
   
11,672
     
1,241,901
 
AutoZone *
   
831
     
1,624,996
 
Bath & Body Works
   
10,802
     
571,318
 
Best Buy
   
9,522
     
856,313
 
Booking Holdings *
   
2,030
     
4,486,929
 
BorgWarner
   
9,836
     
362,260
 
Caesars Entertainment *
   
9,712
     
643,711
 
CarMax *
   
6,709
     
575,498
 

The accompanying notes are an integral part of the financial statements.
61


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Discretionary — continued
           
Carnival *
   
35,339
   
$
611,365
 
Chipotle Mexican Grill, Cl A *
   
1,133
     
1,649,206
 
Darden Restaurants
   
5,939
     
782,344
 
Dollar General
   
9,768
     
2,320,193
 
Dollar Tree *
   
9,692
     
1,574,465
 
Domino’s Pizza
   
1,200
     
405,600
 
DR Horton
   
13,509
     
940,091
 
eBay
   
26,406
     
1,371,000
 
Etsy *
   
6,054
     
564,172
 
Expedia Group *
   
6,516
     
1,138,671
 
Ford Motor
   
174,196
     
2,466,615
 
Garmin
   
6,678
     
732,844
 
General Motors *
   
61,872
     
2,345,568
 
Genuine Parts
   
6,177
     
803,319
 
Hasbro
   
5,877
     
517,529
 
Hilton Worldwide Holdings
   
12,324
     
1,913,794
 
Home Depot
   
45,890
     
13,785,356
 
Las Vegas Sands *
   
15,341
     
543,532
 
Lennar, Cl A
   
11,416
     
873,210
 
LKQ
   
11,444
     
567,966
 
Lowe’s
   
30,210
     
5,973,423
 
Marriott International, Cl A
   
12,042
     
2,137,696
 
McDonald’s
   
32,665
     
8,138,811
 
MGM Resorts International
   
16,170
     
663,617
 
Mohawk Industries *
   
2,763
     
389,749
 
Newell Brands
   
17,206
     
398,319
 
NIKE, Cl B
   
56,095
     
6,995,046
 
Norwegian Cruise Line Holdings *
   
16,752
     
335,543
 
NVR *
   
108
     
472,631
 
O’Reilly Automotive *
   
3,070
     
1,862,108
 
Penn National Gaming *
   
6,521
     
238,473
 
Pool
   
2,207
     
894,321
 

The accompanying notes are an integral part of the financial statements.
62


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Discretionary — continued
           
PulteGroup
   
10,730
   
$
448,085
 
PVH
   
3,183
     
231,659
 
Ralph Lauren, Cl A
   
2,925
     
305,194
 
Ross Stores
   
15,568
     
1,553,219
 
Royal Caribbean Cruises *
   
9,787
     
760,743
 
Starbucks
   
50,886
     
3,798,131
 
Tapestry
   
12,910
     
424,997
 
Target
   
20,998
     
4,801,193
 
Tesla *
   
36,575
     
31,848,047
 
TJX
   
53,254
     
3,263,405
 
Tractor Supply
   
5,725
     
1,153,301
 
Ulta Beauty *
   
2,789
     
1,106,675
 
Under Armour, Cl A *
   
9,025
     
138,624
 
Under Armour, Cl C *
   
10,050
     
142,609
 
VF
   
13,249
     
688,948
 
Whirlpool
   
3,101
     
562,894
 
Wynn Resorts *
   
3,516
     
247,808
 
Yum! Brands
   
12,631
     
1,477,953
 
             
176,135,328
 
                 
                 
Consumer Staples — 6.8%
               
Altria Group
   
80,681
     
4,483,443
 
Archer-Daniels-Midland
   
24,539
     
2,197,713
 
Brown-Forman, Cl B
   
7,058
     
475,992
 
Campbell Soup
   
9,734
     
459,640
 
Church & Dwight
   
10,039
     
979,405
 
Clorox
   
5,813
     
833,991
 
Coca-Cola
   
170,585
     
11,021,497
 
Colgate-Palmolive
   
37,210
     
2,867,031
 
Conagra Brands
   
20,255
     
707,507
 
Constellation Brands, Cl A
   
7,202
     
1,772,340
 
Costco Wholesale
   
19,499
     
10,368,008
 
Estee Lauder, Cl A
   
10,195
     
2,692,092
 

The accompanying notes are an integral part of the financial statements.
63


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Staples — continued
           
General Mills
   
25,540
   
$
1,806,444
 
Hershey
   
6,246
     
1,410,159
 
Hormel Foods
   
13,249
     
694,115
 
J M Smucker
   
3,846
     
526,633
 
Kellogg
   
10,456
     
716,236
 
Kimberly-Clark
   
14,729
     
2,044,827
 
Kraft Heinz
   
28,406
     
1,210,948
 
Kroger
   
28,709
     
1,549,138
 
Lamb Weston Holdings
   
6,632
     
438,375
 
McCormick
   
10,242
     
1,030,038
 
Molson Coors Beverage, Cl B
   
7,617
     
412,384
 
Mondelez International, Cl A
   
61,349
     
3,955,784
 
Monster Beverage *
   
15,881
     
1,360,684
 
PepsiCo
   
60,196
     
10,336,255
 
Philip Morris International
   
68,051
     
6,805,100
 
Procter & Gamble
   
105,048
     
16,865,456
 
Sysco
   
22,000
     
1,880,560
 
Tyson Foods, Cl A
   
12,777
     
1,190,305
 
Walgreens Boots Alliance
   
31,422
     
1,332,293
 
Walmart
   
61,786
     
9,452,640
 
             
103,877,033
 
                 
                 
Energy — 4.2%
               
APA
   
16,134
     
660,365
 
Baker Hughes, Cl A
   
40,655
     
1,261,118
 
Chevron
   
84,896
     
13,300,656
 
ConocoPhillips
   
56,227
     
5,370,803
 
Coterra Energy
   
34,341
     
988,677
 
Devon Energy
   
27,698
     
1,611,193
 
Diamondback Energy
   
7,039
     
888,533
 
EOG Resources
   
24,989
     
2,917,716
 
Exxon Mobil
   
185,246
     
15,792,221
 
Halliburton
   
37,440
     
1,333,613
 

The accompanying notes are an integral part of the financial statements.
64


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Energy — continued
           
Hess
   
12,743
   
$
1,313,421
 
Kinder Morgan
   
81,723
     
1,483,272
 
Marathon Oil
   
31,827
     
793,129
 
Marathon Petroleum
   
26,818
     
2,340,139
 
Occidental Petroleum
   
38,085
     
2,098,103
 
ONEOK
   
18,922
     
1,198,330
 
Phillips 66
   
20,771
     
1,802,092
 
Pioneer Natural Resources
   
9,666
     
2,247,055
 
Schlumberger
   
62,859
     
2,452,129
 
Valero Energy
   
16,791
     
1,871,861
 
Williams
   
52,658
     
1,805,643
 
             
63,530,069
 
                 
                 
Financials — 11.0%
               
Aflac
   
25,714
     
1,472,898
 
Allstate
   
12,616
     
1,596,429
 
American Express
   
27,269
     
4,764,167
 
American International Group
   
35,582
     
2,081,903
 
Ameriprise Financial
   
4,599
     
1,220,988
 
Aon, Cl A
   
9,587
     
2,760,960
 
Arthur J Gallagher
   
9,187
     
1,547,918
 
Assurant
   
2,808
     
510,719
 
Bank of America
   
314,351
     
11,216,044
 
Bank of New York Mellon
   
32,646
     
1,373,091
 
Berkshire Hathaway, Cl B *
   
80,267
     
25,912,596
 
BlackRock, Cl A
   
6,268
     
3,915,494
 
Brown & Brown
   
9,358
     
580,009
 
Capital One Financial
   
18,750
     
2,336,625
 
Cboe Global Markets
   
3,599
     
406,615
 
Charles Schwab
   
65,647
     
4,354,365
 
Chubb
   
18,954
     
3,913,053
 
Cincinnati Financial
   
6,696
     
821,331
 
Citigroup
   
86,947
     
4,191,715
 

The accompanying notes are an integral part of the financial statements.
65


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Financials — continued
           
Citizens Financial Group
   
22,119
   
$
871,489
 
CME Group, Cl A
   
15,672
     
3,437,496
 
Comerica
   
6,436
     
527,108
 
Discover Financial Services
   
12,690
     
1,427,117
 
Everest Re Group
   
2,489
     
683,753
 
FactSet Research Systems
   
2,139
     
863,065
 
Fifth Third Bancorp
   
28,821
     
1,081,652
 
First Republic Bank
   
7,732
     
1,153,769
 
Franklin Resources
   
12,052
     
296,359
 
Globe Life
   
3,403
     
333,766
 
Goldman Sachs Group
   
15,219
     
4,649,252
 
Hartford Financial Services Group
   
13,756
     
961,957
 
Huntington Bancshares
   
63,224
     
831,396
 
Intercontinental Exchange
   
24,775
     
2,869,193
 
Invesco
   
14,863
     
273,182
 
JPMorgan Chase
   
129,370
     
15,441,603
 
KeyCorp
   
38,918
     
751,507
 
Lincoln National
   
6,717
     
404,028
 
Loews
   
8,879
     
557,956
 
M&T Bank
   
7,643
     
1,273,629
 
MarketAxess Holdings
   
2,371
     
625,019
 
Marsh & McLennan
   
21,825
     
3,529,102
 
MetLife
   
29,631
     
1,946,164
 
Moody’s
   
7,059
     
2,234,032
 
Morgan Stanley
   
63,057
     
5,081,764
 
MSCI, Cl A
   
3,362
     
1,416,242
 
Nasdaq
   
5,708
     
898,268
 
Northern Trust
   
9,185
     
946,514
 
PNC Financial Services Group
   
19,326
     
3,210,049
 
Principal Financial Group
   
10,072
     
686,306
 
Progressive
   
25,023
     
2,686,469
 
Prudential Financial
   
16,565
     
1,797,468
 

The accompanying notes are an integral part of the financial statements.
66


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Financials — continued
           
Raymond James Financial
   
8,162
   
$
795,469
 
Regions Financial
   
39,944
     
827,640
 
S&P Global
   
15,656
     
5,894,484
 
Signature Bank NY
   
3,078
     
745,645
 
State Street
   
15,998
     
1,071,386
 
SVB Financial Group *
   
2,879
     
1,403,916
 
Synchrony Financial
   
23,826
     
877,035
 
T Rowe Price Group
   
9,589
     
1,179,831
 
Travelers
   
10,147
     
1,735,746
 
Truist Financial
   
59,328
     
2,868,509
 
US Bancorp
   
57,593
     
2,796,716
 
W R Berkley
   
9,681
     
643,690
 
Wells Fargo
   
171,058
     
7,463,261
 
Willis Towers Watson
   
5,955
     
1,279,491
 
Zions Bancorp
   
7,007
     
395,966
 
             
168,702,379
 
                 
                 
Health Care — 14.3%
               
Abbott Laboratories
   
78,088
     
8,862,988
 
AbbVie
   
77,718
     
11,415,220
 
ABIOMED *
   
2,605
     
746,541
 
Agilent Technologies
   
12,805
     
1,527,252
 
Align Technology *
   
3,157
     
915,246
 
AmerisourceBergen, Cl A
   
6,628
     
1,002,750
 
Amgen
   
24,803
     
5,783,812
 
Anthem
   
10,463
     
5,251,694
 
Baxter International
   
21,274
     
1,511,730
 
Becton Dickinson
   
12,529
     
3,097,043
 
Biogen *
   
6,339
     
1,314,962
 
Bio-Rad Laboratories, Cl A *
   
766
     
392,238
 
Bio-Techne
   
2,187
     
830,382
 
Boston Scientific *
   
60,924
     
2,565,510
 
Bristol-Myers Squibb
   
96,399
     
7,255,953
 

The accompanying notes are an integral part of the financial statements.
67


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Health Care — continued
           
Cardinal Health
   
13,341
   
$
774,445
 
Catalent *
   
6,673
     
604,307
 
Centene *
   
24,946
     
2,009,400
 
Cerner
   
12,543
     
1,174,527
 
Charles River Laboratories International *
   
2,704
     
653,043
 
Cigna
   
14,257
     
3,518,342
 
Cooper
   
2,685
     
969,392
 
CVS Health
   
57,255
     
5,503,923
 
Danaher
   
27,607
     
6,932,946
 
DaVita *
   
3,395
     
367,916
 
DENTSPLY SIRONA
   
9,957
     
398,180
 
Dexcom *
   
4,089
     
1,670,684
 
Edwards Lifesciences *
   
27,411
     
2,899,536
 
Eli Lilly
   
35,304
     
10,313,358
 
Embecta *
   
1
     
18
 
Gilead Sciences
   
55,906
     
3,317,462
 
HCA Healthcare
   
10,497
     
2,252,131
 
Henry Schein *
   
6,026
     
488,709
 
Hologic *
   
10,613
     
764,030
 
Humana
   
5,975
     
2,656,246
 
IDEXX Laboratories *
   
3,673
     
1,581,153
 
Illumina *
   
6,704
     
1,988,742
 
Incyte *
   
8,304
     
622,468
 
Intuitive Surgical *
   
15,649
     
3,744,806
 
IQVIA Holdings *
   
9,101
     
1,983,927
 
Johnson & Johnson
   
115,096
     
20,770,224
 
Laboratory Corp of America Holdings
   
4,089
     
982,505
 
McKesson
   
6,645
     
2,057,358
 
Medtronic
   
58,800
     
6,136,368
 
Merck
   
109,968
     
9,753,062
 
Mettler-Toledo International *
   
929
     
1,186,825
 
Moderna *
   
15,784
     
2,121,527
 

The accompanying notes are an integral part of the financial statements.
68


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call ETF
 


   
Shares
   
Value
 
COMMON STOCK — continued
           
Health Care — continued
           
Molina Healthcare *
   
2,735
   
$
857,286
 
Organon
   
10,169
     
328,764
 
PerkinElmer
   
6,191
     
907,663
 
Pfizer
   
244,505
     
11,997,860
 
Quest Diagnostics
   
5,790
     
774,934
 
Regeneron Pharmaceuticals *
   
4,576
     
3,016,087
 
ResMed
   
6,273
     
1,254,412
 
STERIS
   
4,253
     
952,885
 
Stryker
   
14,372
     
3,467,389
 
Teleflex
   
2,629
     
750,895
 
Thermo Fisher Scientific
   
17,027
     
9,414,569
 
UnitedHealth Group
   
41,429
     
21,068,718
 
Universal Health Services, Cl B
   
3,428
     
420,033
 
Vertex Pharmaceuticals *
   
11,097
     
3,031,922
 
Viatris, Cl W *
   
50,167
     
518,225
 
Waters *
   
3,000
     
909,060
 
West Pharmaceutical Services
   
3,155
     
994,014
 
Zimmer Biomet Holdings
   
9,202
     
1,111,141
 
Zimvie *
   
1
     
11
 
Zoetis, Cl A
   
20,339
     
3,605,088
 
             
218,051,837
 
                 
                 
Industrials — 7.8%
               
3M
   
25,608
     
3,693,186
 
Alaska Air Group *
   
6,333
     
344,452
 
Allegion
   
3,397
     
388,073
 
American Airlines Group *
   
28,472
     
534,419
 
AMETEK
   
9,635
     
1,216,515
 
AO Smith
   
6,473
     
378,217
 
Boeing *
   
23,761
     
3,536,587
 
Carrier Global
   
35,830
     
1,371,214
 
Caterpillar
   
23,661
     
4,981,587
 
CH Robinson Worldwide
   
5,914
     
627,771
 

The accompanying notes are an integral part of the financial statements.
69


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Industrials — continued
           
Cintas
   
3,800
   
$
1,509,588
 
Copart *
   
9,297
     
1,056,604
 
CSX
   
95,855
     
3,291,661
 
Cummins
   
6,302
     
1,192,275
 
Deere
   
12,483
     
4,712,957
 
Delta Air Lines *
   
27,796
     
1,196,062
 
Dover
   
6,217
     
828,726
 
Eaton
   
16,656
     
2,415,453
 
Emerson Electric
   
25,991
     
2,343,868
 
Equifax
   
5,832
     
1,186,929
 
Expeditors International of Washington
   
6,714
     
665,156
 
Fastenal
   
24,422
     
1,350,781
 
FedEx
   
10,681
     
2,122,742
 
Fortive
   
16,146
     
928,395
 
Fortune Brands Home & Security
   
6,048
     
430,920
 
Generac Holdings *
   
3,022
     
662,966
 
General Dynamics
   
9,753
     
2,306,877
 
General Electric
   
48,942
     
3,648,626
 
Honeywell International
   
30,115
     
5,827,554
 
Howmet Aerospace
   
16,874
     
575,741
 
Huntington Ingalls Industries
   
2,663
     
566,527
 
IDEX
   
3,311
     
628,494
 
Illinois Tool Works
   
12,516
     
2,467,029
 
Ingersoll Rand
   
16,818
     
739,319
 
Jacobs Engineering Group
   
5,942
     
823,264
 
JB Hunt Transport Services
   
3,348
     
572,006
 
Johnson Controls International
   
29,386
     
1,759,340
 
L3Harris Technologies
   
9,101
     
2,113,798
 
Leidos Holdings
   
6,533
     
676,231
 
Lockheed Martin
   
10,583
     
4,573,126
 
Masco
   
10,523
     
554,457
 
Nielsen Holdings
   
16,951
     
454,456
 

The accompanying notes are an integral part of the financial statements.
70


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Industrials — continued
           
Nordson
   
2,722
   
$
587,108
 
Norfolk Southern
   
10,099
     
2,604,330
 
Northrop Grumman
   
6,382
     
2,804,251
 
Old Dominion Freight Line
   
3,927
     
1,100,031
 
Otis Worldwide
   
18,382
     
1,338,945
 
PACCAR
   
14,823
     
1,231,050
 
Parker-Hannifin
   
5,975
     
1,618,149
 
Pentair
   
6,953
     
352,865
 
Quanta Services
   
6,475
     
750,970
 
Raytheon Technologies
   
66,129
     
6,276,303
 
Republic Services, Cl A
   
9,232
     
1,239,581
 
Robert Half International
   
4,026
     
395,796
 
Rockwell Automation
   
5,699
     
1,439,966
 
Rollins
   
10,169
     
341,068
 
Snap-On
   
2,742
     
582,648
 
Southwest Airlines *
   
25,801
     
1,205,423
 
Stanley Black & Decker
   
6,689
     
803,683
 
Textron
   
9,861
     
682,874
 
Trane Technologies
   
9,785
     
1,368,824
 
TransDigm Group *
   
2,416
     
1,437,061
 
Union Pacific
   
28,085
     
6,580,035
 
United Airlines Holdings *
   
13,127
     
662,914
 
United Parcel Service, Cl B
   
32,368
     
5,825,593
 
United Rentals *
   
3,119
     
987,226
 
Verisk Analytics, Cl A
   
6,704
     
1,367,951
 
Waste Management
   
16,313
     
2,682,510
 
Westinghouse Air Brake Technologies
   
7,393
     
664,705
 
WW Grainger
   
2,112
     
1,056,063
 
Xylem
   
7,025
     
565,513
 
             
119,807,385
 
                 
Information Technology — 27.2%
               
Accenture, Cl A
   
27,286
     
8,195,623
 

The accompanying notes are an integral part of the financial statements.
71


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — continued
           
Adobe *
   
20,520
   
$
8,124,894
 
Advanced Micro Devices *
   
70,913
     
6,064,480
 
Akamai Technologies *
   
6,713
     
753,736
 
Amphenol, Cl A
   
25,890
     
1,851,135
 
Analog Devices
   
23,611
     
3,645,066
 
ANSYS *
   
3,388
     
934,038
 
Apple
   
680,385
     
107,262,695
 
Applied Materials
   
39,760
     
4,387,516
 
Arista Networks *
   
9,490
     
1,096,759
 
Autodesk *
   
9,482
     
1,794,753
 
Automatic Data Processing
   
18,842
     
4,110,948
 
Broadcom
   
18,316
     
10,154,207
 
Broadridge Financial Solutions
   
5,498
     
792,427
 
Cadence Design Systems *
   
12,540
     
1,891,659
 
CDW
   
6,186
     
1,009,432
 
Ceridian HCM Holding *
   
6,016
     
337,678
 
Cisco Systems
   
184,730
     
9,048,075
 
Citrix Systems *
   
5,873
     
587,887
 
Cognizant Technology Solutions, Cl A
   
22,283
     
1,802,695
 
Corning
   
32,032
     
1,127,206
 
DXC Technology *
   
10,740
     
308,238
 
Enphase Energy *
   
6,069
     
979,537
 
EPAM Systems *
   
2,809
     
744,357
 
F5 *
   
3,072
     
514,284
 
Fidelity National Information Services
   
26,060
     
2,583,849
 
Fiserv *
   
25,435
     
2,490,595
 
FleetCor Technologies *
   
3,309
     
825,662
 
Fortinet *
   
6,099
     
1,762,672
 
Gartner *
   
3,419
     
993,390
 
Global Payments
   
12,595
     
1,725,263
 
Hewlett Packard Enterprise
   
56,757
     
874,625
 
HP
   
48,272
     
1,768,203
 

The accompanying notes are an integral part of the financial statements.
72


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — continued
           
Intel
   
178,421
   
$
7,777,371
 
International Business Machines
   
39,531
     
5,226,394
 
Intuit
   
12,593
     
5,273,319
 
IPG Photonics *
   
586
     
55,365
 
Jack Henry & Associates
   
3,322
     
629,785
 
Juniper Networks
   
14,164
     
446,449
 
Keysight Technologies *
   
7,986
     
1,120,196
 
KLA
   
6,432
     
2,053,480
 
Kyndryl Holdings *
   
0
     
2
 
Lam Research
   
6,251
     
2,911,466
 
Mastercard, Cl A
   
38,043
     
13,824,065
 
Microchip Technology
   
22,708
     
1,480,562
 
Micron Technology
   
49,494
     
3,374,996
 
Microsoft
   
328,987
     
91,300,472
 
Monolithic Power Systems
   
2,114
     
829,195
 
Motorola Solutions
   
7,353
     
1,571,263
 
NetApp
   
9,432
     
690,894
 
NortonLifeLock
   
24,517
     
613,906
 
NVIDIA
   
109,649
     
20,336,600
 
Oracle
   
70,570
     
5,179,838
 
Paychex
   
14,092
     
1,785,879
 
Paycom Software *
   
2,668
     
750,962
 
PayPal Holdings *
   
52,139
     
4,584,582
 
PTC *
   
4,298
     
490,875
 
Qorvo *
   
3,882
     
441,694
 
QUALCOMM
   
49,576
     
6,925,271
 
Roper Technologies
   
4,536
     
2,131,557
 
Salesforce *
   
42,936
     
7,554,160
 
Seagate Technology Holdings
   
9,395
     
770,766
 
ServiceNow *
   
9,093
     
4,347,363
 
Skyworks Solutions
   
6,591
     
746,760
 
SolarEdge Technologies *
   
2,911
     
728,944
 

The accompanying notes are an integral part of the financial statements.
73


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — continued
           
Synopsys *
   
6,422
   
$
1,841,765
 
Teledyne Technologies *
   
2,181
     
941,211
 
Teradyne
   
6,683
     
704,789
 
Texas Instruments
   
39,862
     
6,786,506
 
Trimble *
   
10,133
     
675,871
 
Tyler Technologies *
   
2,027
     
800,077
 
VeriSign *
   
4,212
     
752,642
 
Visa, Cl A
   
72,638
     
15,481,337
 
Western Digital *
   
13,392
     
710,713
 
Zebra Technologies, Cl A *
   
2,775
     
1,025,807
 
             
416,218,733
 
                 
                 
Materials — 2.3%
               
Air Products & Chemicals
   
9,504
     
2,224,601
 
Albemarle
   
5,545
     
1,069,242
 
Amcor
   
67,838
     
804,559
 
Avery Dennison
   
3,385
     
611,331
 
Ball
   
13,583
     
1,102,396
 
Celanese, Cl A
   
4,694
     
689,736
 
CF Industries Holdings
   
9,761
     
945,158
 
Corteva
   
30,948
     
1,785,390
 
Dow
   
31,734
     
2,110,311
 
DuPont de Nemours
   
22,230
     
1,465,624
 
Eastman Chemical
   
6,015
     
617,560
 
Ecolab
   
10,912
     
1,847,838
 
FMC
   
5,870
     
778,010
 
Freeport-McMoRan
   
65,527
     
2,657,120
 
International Flavors & Fragrances
   
11,149
     
1,352,374
 
International Paper
   
16,863
     
780,420
 
LyondellBasell Industries, Cl A
   
10,776
     
1,142,579
 
Martin Marietta Materials
   
2,999
     
1,062,306
 
Mosaic
   
15,651
     
976,935
 
Newmont
   
35,988
     
2,621,726
 

The accompanying notes are an integral part of the financial statements.
74


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Materials — continued
           
Nucor
   
12,579
   
$
1,946,978
 
Packaging Corp of America
   
3,405
     
548,784
 
PPG Industries
   
10,053
     
1,286,683
 
Sealed Air
   
6,804
     
436,885
 
Sherwin-Williams
   
10,568
     
2,905,777
 
Vulcan Materials
   
6,012
     
1,035,808
 
Westrock
   
12,166
     
602,582
 
             
35,408,713
 
                 
                 
Real Estate — 2.9%
               
Alexandria Real Estate Equities
   
6,129
     
1,116,459
 
American Tower, Cl A
   
20,032
     
4,828,113
 
AvalonBay Communities
   
6,158
     
1,400,822
 
Boston Properties
   
6,533
     
768,281
 
Camden Property Trust
   
4,287
     
672,587
 
CBRE Group, Cl A *
   
13,839
     
1,149,190
 
Crown Castle International
   
18,828
     
3,487,134
 
Digital Realty Trust
   
12,412
     
1,813,641
 
Duke Realty
   
16,683
     
913,394
 
Equinix
   
3,909
     
2,810,884
 
Equity Residential
   
14,479
     
1,180,038
 
Essex Property Trust
   
3,077
     
1,013,164
 
Extra Space Storage
   
6,036
     
1,146,840
 
Federal Realty Investment Trust
   
2,997
     
350,829
 
Healthpeak Properties
   
23,004
     
754,761
 
Host Hotels & Resorts
   
31,545
     
641,941
 
Iron Mountain
   
12,312
     
661,524
 
Kimco Realty
   
25,061
     
634,795
 
Mid-America Apartment Communities
   
5,391
     
1,060,302
 
Orion Office REIT
   
1
     
8
 
ProLogis
   
32,734
     
5,246,933
 
Public Storage
   
6,417
     
2,383,915
 
Realty Income
   
25,730
     
1,784,633
 

The accompanying notes are an integral part of the financial statements.
75


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call ETF
 


   
Shares
   
Value
 
COMMON STOCK — continued
           
Real Estate — continued
           
Regency Centers
   
6,899
   
$
474,858
 
SBA Communications, Cl A
   
4,513
     
1,566,507
 
Simon Property Group
   
14,320
     
1,689,760
 
UDR
   
12,165
     
647,300
 
Ventas
   
16,554
     
919,575
 
Vornado Realty Trust
   
6,738
     
260,828
 
Welltower
   
18,358
     
1,667,090
 
Weyerhaeuser
   
31,682
     
1,305,932
 
             
44,352,038
 
                 
                 
Utilities — 2.8%
               
AES
   
29,458
     
601,532
 
Alliant Energy
   
10,100
     
593,981
 
Ameren
   
10,129
     
940,984
 
American Electric Power
   
21,290
     
2,110,052
 
American Water Works
   
7,915
     
1,219,543
 
Atmos Energy
   
5,896
     
668,606
 
CenterPoint Energy
   
26,067
     
797,911
 
CMS Energy
   
12,389
     
851,000
 
Consolidated Edison
   
15,439
     
1,431,813
 
Constellation Energy
   
13,354
     
790,671
 
Dominion Energy
   
36,236
     
2,958,307
 
DTE Energy
   
8,382
     
1,098,377
 
Duke Energy
   
33,834
     
3,727,153
 
Edison International
   
15,898
     
1,093,623
 
Entergy
   
9,496
     
1,128,600
 
Evergy
   
10,046
     
681,621
 
Eversource Energy
   
14,528
     
1,269,747
 
Exelon
   
41,281
     
1,931,125
 
FirstEnergy
   
23,233
     
1,006,221
 
NextEra Energy
   
85,133
     
6,046,146
 
NiSource
   
17,029
     
495,885
 
NRG Energy
   
10,020
     
359,718
 

The accompanying notes are an integral part of the financial statements.
76


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call ETF
 

   
Shares/Number of Contracts
   
Value
 
COMMON STOCK — continued
           
Utilities — continued
           
Pinnacle West Capital
   
5,060
   
$
360,272
 
PPL
   
31,918
     
903,599
 
Public Service Enterprise Group
   
21,657
     
1,508,627
 
Sempra Energy
   
14,016
     
2,261,622
 
Southern
   
46,954
     
3,445,954
 
WEC Energy Group
   
13,245
     
1,325,162
 
Xcel Energy
   
22,476
     
1,646,592
 
             
43,254,444
 
                 
                 
TOTAL UNITED STATES
           
1,522,016,223
 
TOTAL COMMON STOCK
               
(Cost $1,593,418,648)
           
1,532,908,241
 
TOTAL INVESTMENTS — 100.2%
               
(Cost $1,593,418,648)
         
$
1,532,908,241
 
                 
                 
           
Value
 
WRITTEN OPTIONS— (0.2)%(1)
               
UNITED STATES— (0.2)%
               
(Premiums Received  $(32,844,397))
   
(3,709
)
 
$
(3,690,455
)


Percentages are based on Net Assets of $1,530,097,562.

A list of the exchange traded option contracts held by the Fund at April 30, 2022, is as follows:

Description
 
Number of Contracts
   
Notional Amount
   
Exercise Price
 
Expiration Date
 
Value
 
WRITTEN OPTIONS — (0.3)%
                         
Call Options
                         
S&P 500 Index*
   
(3,709
)
 
$
(1,643,087,000
)
 
$
4,430.00
 
05/20/22
 
$
(3,690,455
)


*
Non-income producing security.
Real Estate Investment Trust



The accompanying notes are an integral part of the financial statements.
77


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call ETF
 


(1)
Refer to table below for details on Options Contracts.
(A)
All or a portion of these securities has been segregated as collateral for writtenoptions contracts. The aggregate market value of collateral at April 30, 2022 was$1,532,908,241.


Cl — Class
REIT — Real Estate Investment Trust
S&P — Standard & Poor’s

The following is a summary of the level of inputs used as of April 30, 2022, in valuing the Fund’s investments carried at value:

Investments in Securities
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Common Stock
 
$
1,532,908,241
   
$
   
$
   
$
1,532,908,241
 
Total Investments in Securities
 
$
1,532,908,241
   
$
   
$
   
$
1,532,908,241
 


Other Financial Instruments
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Written Options
 
$
(3,690,455
)
 
$
   
$
   
$
(3,690,455
)
Total Other Financial Instruments
 
$
(3,690,455
)
 
$
   
$
   
$
(3,690,455
)


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






The accompanying notes are an integral part of the financial statements.
78


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 



   
Shares
   
Value
 
COMMON STOCK — 54.3%
           
BAHAMAS — 0.0%
           
Consumer Discretionary — 0.0%
           
OneSpaWorld Holdings *
   
15,293
   
$
153,542
 
                 
                 
BERMUDA — 0.2%
               
Energy — 0.0%
               
Teekay *
   
19,769
     
64,052
 
Teekay Tankers, Cl A *
   
6,714
     
107,491
 
             
171,543
 
                 
                 
Financials — 0.1%
               
Bank of NT Butterfield & Son
   
14,174
     
453,993
 
SiriusPoint *
   
24,991
     
156,943
 
             
610,936
 
                 

The accompanying notes are an integral part of the financial statements.
79


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Industrials — 0.1%
           
Triton International
   
19,023
   
$
1,162,115
 
                 
                 
TOTAL BERMUDA
           
1,944,594
 
CAMEROON — 0.1%
               
Energy — 0.1%
               
Golar LNG *
   
28,721
     
641,053
 
                 
                 
CANADA — 0.1%
               
Communication Services — 0.0%
               
Telesat *
   
1,865
     
20,962
 
                 
                 
Health Care — 0.0%
               
Portage Biotech *
   
1,492
     
8,266
 
                 
                 
Materials — 0.0%
               
Novagold Resources *
   
67,497
     
419,831
 
PolyMet Mining *
   
8,206
     
25,849
 
             
445,680
 
                 
                 
Utilities — 0.1%
               
Brookfield Infrastructure, Cl A
   
17,904
     
1,269,752
 
                 
                 
TOTAL CANADA
           
1,744,660
 
CHILE — 0.0%
               
Communication Services — 0.0%
               
Liberty Latin America, Cl A *
   
11,563
     
106,842
 
Liberty Latin America, Cl C *
   
44,014
     
406,689
 
                 
                 
TOTAL CHILE
           
513,531
 
CHINA — 0.0%
               
Industrials — 0.0%
               
Textainer Group Holdings
   
13,428
     
450,375
 
                 
                 
GERMANY — 0.0%
               
Health Care — 0.0%
               
Affimed *
   
32,824
     
123,418
 
                 

The accompanying notes are an integral part of the financial statements.
80


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Materials — 0.0%
           
Orion Engineered Carbons
   
17,158
   
$
259,086
 
                 
                 
TOTAL GERMANY
           
382,504
 
GHANA — 0.1%
               
Energy — 0.1%
               
Kosmos Energy *
   
127,550
     
862,238
 
                 
                 
GREECE — 0.0%
               
Industrials — 0.0%
               
Safe Bulkers
   
17,904
     
73,585
 
                 
                 
IRELAND — 0.0%
               
Health Care — 0.0%
               
Prothena *
   
10,444
     
304,547
 
                 
                 
Industrials — 0.0%
               
Cimpress *
   
4,849
     
244,923
 
                 
                 
TOTAL IRELAND
           
549,470
 
ISRAEL — 0.1%
               
Consumer Discretionary — 0.0%
               
NEOGAMES *
   
2,984
     
39,001
 
                 
                 
Health Care — 0.0%
               
Oramed Pharmaceuticals *
   
10,444
     
53,682
 
                 
                 
Information Technology — 0.1%
               
JFrog *
   
15,293
     
319,165
 
Sapiens International
   
8,952
     
208,044
 
             
527,209
 
                 
                 
TOTAL ISRAEL
           
619,892
 
MONACO — 0.0%
               
Energy — 0.0%
               
Scorpio Tankers
   
13,801
     
341,299
 

The accompanying notes are an integral part of the financial statements.
81


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Industrials — 0.0%
           
Costamare
   
14,920
   
$
200,077
 
                 
                 
TOTAL MONACO
           
541,376
 
NORWAY — 0.1%
               
Energy — 0.1%
               
Frontline *
   
35,062
     
292,067
 
SFL
   
35,062
     
347,815
 
                 
                 
TOTAL NORWAY
           
639,882
 
PANAMA — 0.0%
               
Financials — 0.0%
               
Banco Latinoamericano de Comercio Exterior, Cl E
   
8,952
     
129,714
 
                 
                 
PUERTO RICO — 0.1%
               
Financials — 0.1%
               
First Bancorp
   
56,500
     
768,965
 
OFG Bancorp
   
13,801
     
366,831
 
             
1,135,796
 
                 
                 
Information Technology — 0.0%
               
EVERTEC
   
17,158
     
676,025
 
                 
                 
TOTAL PUERTO RICO
           
1,811,821
 
SINGAPORE — 0.1%
               
Information Technology — 0.1%
               
Kulicke & Soffa Industries
   
17,531
     
813,614
 
                 
                 
THAILAND — 0.1%
               
Information Technology — 0.1%
               
Fabrinet *
   
10,444
     
1,025,496
 
                 
                 
UNITED ARAB EMIRATES — 0.0%
               
Communication Services — 0.0%
               
Eros STX Global *
   
4,476
     
7,744
 


The accompanying notes are an integral part of the financial statements.
82


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
UNITED KINGDOM — 0.0%
           
Industrials — 0.0%
           
Luxfer Holdings
   
7,833
   
$
126,425
 
                 
                 
UNITED STATES — 53.3%
               
Communication Services — 1.5%
               
Advantage Solutions *
   
21,634
     
108,819
 
AMC Entertainment Holdings, Cl A *
   
146,589
     
2,242,812
 
AMC Networks, Cl A *
   
8,206
     
267,762
 
Anterix *
   
3,357
     
174,027
 
ATN International
   
2,984
     
117,868
 
Audacy, Cl A *
   
33,570
     
85,268
 
Bandwidth, Cl A *
   
6,714
     
148,514
 
Boston Omaha, Cl A *
   
5,968
     
124,373
 
Cardlytics *
   
9,325
     
318,262
 
Cargurus, Cl A *
   
27,229
     
889,844
 
Cars.com *
   
19,396
     
215,684
 
Chicken Soup For The Soul Entertainment, Cl A *
   
2,238
     
19,493
 
Cinemark Holdings *
   
30,586
     
485,094
 
Clear Channel Outdoor Holdings, Cl A *
   
103,305
     
254,130
 
Cogent Communications Holdings
   
11,936
     
698,256
 
comScore *
   
19,769
     
39,933
 
Consolidated Communications Holdings *
   
20,872
     
124,188
 
CuriosityStream *
   
7,460
     
15,144
 
Daily Journal *
   
12
     
3,086
 
Digital Media Solutions, Cl A *
   
746
     
2,051
 
EchoStar, Cl A *
   
10,444
     
243,867
 
Emerald Holding *
   
6,714
     
18,061
 
Entravision Communications, Cl A
   
17,158
     
88,707
 
Eventbrite, Cl A *
   
21,634
     
228,888
 
EverQuote, Cl A *
   
5,595
     
77,659
 
EW Scripps, Cl A *
   
16,412
     
270,142
 

The accompanying notes are an integral part of the financial statements.
83


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Communication Services — continued
           
Fluent *
   
12,309
   
$
16,494
 
fuboTV *
   
38,419
     
145,608
 
Gannett *
   
39,911
     
160,043
 
Globalstar *
   
172,326
     
199,898
 
Gogo *
   
16,785
     
309,012
 
Gray Television
   
24,245
     
449,017
 
Hemisphere Media Group, Cl A *
   
4,476
     
17,412
 
IDT, Cl B *
   
4,103
     
108,647
 
iHeartMedia *
   
31,705
     
506,963
 
IMAX *
   
14,174
     
224,233
 
Integral Ad Science Holding *
   
9,325
     
110,128
 
Iridium Communications *
   
33,570
     
1,198,785
 
John Wiley & Sons, Cl A
   
12,309
     
626,405
 
Liberty Media -Liberty Braves, Cl A *
   
2,984
     
78,390
 
Liberty Media -Liberty Braves, Cl B *
   
10,444
     
262,249
 
Liberty TripAdvisor Holdings, Cl A *
   
20,515
     
30,772
 
Lions Gate Entertainment, Cl A *
   
16,412
     
221,398
 
Lions Gate Entertainment, Cl B *
   
33,570
     
421,975
 
LiveOne *
   
17,158
     
11,667
 
Madison Square Garden Entertainment *
   
7,460
     
546,445
 
Magnite *
   
36,927
     
356,346
 
Marcus *
   
6,341
     
99,744
 
MediaAlpha, Cl A *
   
5,968
     
87,968
 
National CineMedia
   
17,158
     
37,919
 
Ooma *
   
6,341
     
81,418
 
Outbrain *
   
6,714
     
60,426
 
QuinStreet *
   
14,174
     
134,795
 
Radius Global Infrastructure, Cl A *
   
20,515
     
254,796
 
Scholastic
   
7,833
     
288,646
 
Shenandoah Telecommunications
   
13,801
     
278,780
 
Sinclair Broadcast Group, Cl A
   
13,055
     
290,343
 
Society Pass *
   
1,119
     
2,249
 

The accompanying notes are an integral part of the financial statements.
84


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Communication Services — continued
           
Stagwell *
   
17,531
   
$
118,860
 
TechTarget *
   
7,460
     
502,133
 
TEGNA
   
62,664
     
1,381,741
 
Telephone and Data Systems
   
28,721
     
526,169
 
Thryv Holdings *
   
2,238
     
57,808
 
TrueCar *
   
27,229
     
97,480
 
United States Cellular *
   
4,476
     
128,819
 
WideOpenWest *
   
14,920
     
299,146
 
Yelp, Cl A *
   
20,142
     
655,219
 
Ziff Davis *
   
12,309
     
1,087,623
 
             
19,735,901
 
                 
                 
Consumer Discretionary — 5.7%
               
1-800-Flowers.com, Cl A *
   
7,460
     
76,092
 
1stdibs.com *
   
5,595
     
42,298
 
2U *
   
20,515
     
204,740
 
Aaron’s
   
8,952
     
183,785
 
Abercrombie & Fitch, Cl A *
   
16,039
     
554,629
 
Academy Sports & Outdoors
   
22,380
     
836,117
 
Accel Entertainment, Cl A *
   
16,039
     
189,741
 
Acushnet Holdings
   
9,698
     
395,097
 
Adient *
   
26,856
     
916,864
 
Adtalem Global Education *
   
14,174
     
415,440
 
aka Brands Holding *
   
2,611
     
9,217
 
American Axle & Manufacturing Holdings *
   
32,078
     
212,356
 
American Eagle Outfitters
   
43,268
     
653,779
 
American Outdoor Brands *
   
4,103
     
51,698
 
American Public Education *
   
5,222
     
101,516
 
America’s Car-Mart *
   
1,865
     
150,785
 
AMMO *
   
24,991
     
101,214
 
Arcimoto *
   
8,206
     
27,572
 
Arko
   
23,499
     
217,836
 
Asbury Automotive Group *
   
6,714
     
1,233,429
 


The accompanying notes are an integral part of the financial statements.
85


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Discretionary — continued
           
Aterian *
   
7,460
   
$
38,270
 
Bally’s *
   
9,325
     
278,258
 
Barnes & Noble Education *
   
12,682
     
38,553
 
Bassett Furniture Industries
   
2,611
     
43,238
 
Beazer Homes USA *
   
8,206
     
123,746
 
Bed Bath & Beyond *
   
27,602
     
375,663
 
Big 5 Sporting Goods
   
5,968
     
86,357
 
Big Lots
   
8,579
     
265,091
 
Biglari Holdings, Cl B *
   
3
     
409
 
BJ’s Restaurants *
   
6,341
     
176,216
 
Bloomin’ Brands
   
24,991
     
549,552
 
Bluegreen Vacations Holding, Cl A
   
4,103
     
107,909
 
Boot Barn Holdings *
   
8,206
     
739,032
 
Brinker International *
   
12,682
     
460,737
 
Buckle
   
8,579
     
266,464
 
Caleres
   
10,444
     
239,481
 
Callaway Golf *
   
32,824
     
720,159
 
Camping World Holdings, Cl A
   
11,936
     
306,516
 
Canoo *
   
30,213
     
145,022
 
CarLotz *
   
20,319
     
18,041
 
CarParts.com *
   
13,801
     
82,668
 
Carriage Services, Cl A
   
4,476
     
191,976
 
Carrols Restaurant Group *
   
9,325
     
14,920
 
Cato, Cl A
   
5,595
     
75,812
 
Cavco Industries *
   
2,611
     
616,849
 
Century Casinos *
   
7,833
     
82,012
 
Century Communities
   
8,579
     
452,285
 
Cheesecake Factory
   
13,055
     
481,860
 
Chico’s FAS *
   
34,316
     
181,875
 
Children’s Place *
   
3,730
     
172,811
 
Chuy’s Holdings *
   
5,595
     
139,931
 
Citi Trends *
   
2,238
     
62,597
 

The accompanying notes are an integral part of the financial statements.
86


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Discretionary — continued
           
Clarus
   
7,460
   
$
166,731
 
Conn’s *
   
5,222
     
81,724
 
Container Store Group *
   
8,952
     
68,483
 
Cooper-Standard Holdings *
   
4,849
     
22,354
 
Coursera *
   
20,888
     
392,903
 
Cracker Barrel Old Country Store
   
6,714
     
745,187
 
Crocs *
   
16,412
     
1,090,249
 
Dana
   
41,403
     
613,178
 
Dave & Buster’s Entertainment *
   
12,309
     
560,059
 
Denny’s *
   
17,531
     
224,747
 
Designer Brands, Cl A
   
17,158
     
237,124
 
Dillard’s, Cl A
   
1,492
     
453,285
 
Dine Brands Global
   
4,476
     
320,884
 
Dorman Products *
   
7,460
     
736,451
 
Drive Shack *
   
23,499
     
28,904
 
Duluth Holdings, Cl B *
   
3,357
     
41,123
 
El Pollo Loco Holdings *
   
5,579
     
59,416
 
Escalade
   
2,984
     
39,240
 
Ethan Allen Interiors
   
6,341
     
150,535
 
European Wax Center, Cl A *
   
3,730
     
102,388
 
Everi Holdings *
   
24,245
     
420,893
 
F45 Training Holdings *
   
8,952
     
78,688
 
Fiesta Restaurant Group *
   
4,849
     
32,973
 
First Watch Restaurant Group *
   
2,984
     
38,792
 
Fisker *
   
46,252
     
465,295
 
Flexsteel Industries
   
1,865
     
40,452
 
Fossil Group *
   
13,428
     
132,669
 
Fox Factory Holding *
   
11,936
     
977,320
 
Franchise Group
   
8,206
     
306,002
 
Full House Resorts *
   
9,325
     
84,391
 
Funko, Cl A *
   
7,460
     
121,523
 
GAN *
   
11,563
     
43,130
 

The accompanying notes are an integral part of the financial statements.
87


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Discretionary — continued
           
Genesco *
   
4,103
   
$
254,509
 
Genius Brands International *
   
80,195
     
56,938
 
Gentherm *
   
9,325
     
628,692
 
G-III Apparel Group *
   
12,682
     
335,819
 
Golden Entertainment *
   
4,849
     
232,558
 
Goodyear Tire & Rubber *
   
78,330
     
1,043,356
 
GoPro, Cl A *
   
36,554
     
326,062
 
Graham Holdings, Cl B
   
1,119
     
662,862
 
Green Brick Partners *
   
8,579
     
169,006
 
Greenlane Holdings, Cl A *
   
5,222
     
1,802
 
Group 1 Automotive
   
4,849
     
844,405
 
Groupon, Cl A *
   
6,714
     
130,990
 
GrowGeneration *
   
15,666
     
92,586
 
Guess?
   
11,563
     
259,821
 
Hall of Fame Resort & Entertainment *
   
15,666
     
12,962
 
Hamilton Beach Brands Holding, Cl A
   
2,238
     
20,948
 
Haverty Furniture
   
4,476
     
111,139
 
Helen of Troy *
   
6,714
     
1,440,220
 
Hibbett
   
3,730
     
161,061
 
Hilton Grand Vacations *
   
24,245
     
1,135,393
 
Hooker Furnishings
   
3,357
     
56,599
 
Hovnanian Enterprises, Cl A *
   
1,492
     
68,662
 
Installed Building Products
   
6,714
     
540,276
 
International Game Technology
   
28,348
     
618,837
 
iRobot *
   
7,460
     
377,849
 
Jack in the Box
   
5,968
     
493,912
 
JOANN
   
3,357
     
35,047
 
Johnson Outdoors, Cl A
   
1,492
     
114,108
 
KB Home
   
22,737
     
737,361
 
Kirkland’s *
   
3,730
     
26,968
 
Kontoor Brands
   
14,547
     
577,952
 
Krispy Kreme
   
24,245
     
321,974
 

The accompanying notes are an integral part of the financial statements.
88


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Discretionary — continued
           
Kura Sushi USA, Cl A *
   
1,119
   
$
56,151
 
Lands’ End *
   
4,103
     
57,524
 
Landsea Homes *
   
2,984
     
24,857
 
Latham Group *
   
12,309
     
147,708
 
Laureate Education, Cl A *
   
28,348
     
321,183
 
La-Z-Boy
   
12,666
     
332,862
 
Lazydays Holdings *
   
2,238
     
43,484
 
LCI Industries
   
7,087
     
689,707
 
Legacy Housing *
   
2,238
     
39,210
 
LGI Homes *
   
5,968
     
559,261
 
Life Time Group Holdings *
   
11,190
     
160,017
 
Lifetime Brands
   
3,730
     
47,073
 
Light & Wonder, Cl A *
   
27,229
     
1,526,458
 
Lindblad Expeditions Holdings *
   
8,579
     
131,344
 
Liquidity Services *
   
6,714
     
96,816
 
LL Flooring Holdings *
   
8,206
     
113,325
 
Lordstown Motors, Cl A *
   
44,014
     
95,951
 
Lovesac *
   
3,730
     
163,523
 
Lulu’s Fashion Lounge Holdings *
   
1,492
     
14,383
 
M/I Homes *
   
8,206
     
363,362
 
Macy’s
   
85,774
     
2,073,158
 
Malibu Boats, Cl A *
   
5,968
     
300,131
 
Marine Products
   
2,238
     
26,274
 
MarineMax *
   
5,968
     
244,211
 
MasterCraft Boat Holdings *
   
5,222
     
125,694
 
MDC Holdings
   
16,412
     
605,767
 
Meritage Homes *
   
10,444
     
862,152
 
Modine Manufacturing *
   
14,174
     
111,975
 
Monarch Casino & Resort *
   
3,730
     
261,660
 
Monro
   
9,325
     
426,432
 
Motorcar Parts of America *
   
5,222
     
79,427
 
Movado Group
   
4,476
     
161,002
 

The accompanying notes are an integral part of the financial statements.
89


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Discretionary — continued
           
Murphy USA
   
6,714
   
$
1,568,390
 
Nathan’s Famous
   
746
     
35,338
 
National Vision Holdings *
   
23,499
     
884,737
 
Nautilus *
   
8,579
     
25,823
 
Noodles, Cl A *
   
11,563
     
64,406
 
ODP *
   
13,055
     
561,757
 
ONE Group Hospitality *
   
5,968
     
55,562
 
OneWater Marine, Cl A *
   
2,984
     
97,547
 
Overstock.com *
   
12,309
     
413,090
 
Oxford Industries
   
4,476
     
401,050
 
Papa John’s International
   
9,325
     
849,041
 
Party City Holdco *
   
31,332
     
96,816
 
Patrick Industries
   
6,341
     
394,727
 
Perdoceo Education *
   
20,142
     
225,188
 
PetMed Express
   
5,952
     
130,349
 
PlayAGS *
   
7,833
     
51,698
 
PLBY Group *
   
8,206
     
72,541
 
Porch Group *
   
21,634
     
80,046
 
Portillo’s, Cl A *
   
6,714
     
139,853
 
PowerSchool Holdings, Cl A *
   
12,309
     
186,358
 
Purple Innovation, Cl A *
   
16,412
     
67,617
 
Quotient Technology *
   
25,364
     
134,683
 
RCI Hospitality Holdings
   
2,611
     
161,778
 
RealReal *
   
22,753
     
123,321
 
Red Robin Gourmet Burgers *
   
4,476
     
59,038
 
Red Rock Resorts, Cl A
   
15,293
     
672,280
 
Regis *
   
12,293
     
16,596
 
Rent the Runway, Cl A *
   
4,849
     
30,743
 
Rent-A-Center, Cl A
   
18,650
     
449,838
 
Revolve Group, Cl A *
   
10,071
     
425,600
 
Rocky Brands
   
1,865
     
71,821
 
Rush Street Interactive *
   
14,920
     
94,742
 

The accompanying notes are an integral part of the financial statements.
90


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Discretionary — continued
           
Ruth’s Hospitality Group
   
9,325
   
$
195,545
 
Sally Beauty Holdings *
   
31,332
     
473,740
 
SeaWorld Entertainment *
   
14,174
     
955,895
 
Shake Shack, Cl A *
   
10,801
     
624,622
 
Shift Technologies *
   
17,158
     
22,992
 
Shoe Carnival
   
4,849
     
146,391
 
Shutterstock
   
6,714
     
508,384
 
Signet Jewelers
   
14,920
     
1,047,384
 
Skyline Champion *
   
14,920
     
761,517
 
Sleep Number *
   
6,341
     
257,191
 
Smith & Wesson Brands
   
13,428
     
184,366
 
Snap One Holdings *
   
5,222
     
62,403
 
Solo Brands, Cl A *
   
4,103
     
24,495
 
Sonic Automotive, Cl A
   
5,968
     
253,938
 
Sonos *
   
36,554
     
834,162
 
Sportsman’s Warehouse Holdings *
   
12,309
     
118,289
 
Standard Motor Products
   
5,968
     
254,714
 
Steven Madden
   
22,753
     
934,238
 
Stitch Fix, Cl A *
   
23,126
     
219,697
 
StoneMor *
   
8,952
     
21,216
 
Stoneridge *
   
7,460
     
147,037
 
Strategic Education
   
7,087
     
457,820
 
Stride *
   
11,936
     
469,085
 
Sturm Ruger
   
4,849
     
330,459
 
Superior Group
   
3,357
     
53,376
 
Sweetgreen, Cl A *
   
3,357
     
90,639
 
Target Hospitality *
   
7,087
     
44,365
 
Taylor Morrison Home, Cl A *
   
33,943
     
888,967
 
Tenneco, Cl A *
   
19,396
     
333,029
 
Texas Roadhouse, Cl A
   
19,769
     
1,627,582
 
Tilly’s, Cl A *
   
6,341
     
55,928
 
Torrid Holdings *
   
5,222
     
30,601
 

The accompanying notes are an integral part of the financial statements.
91


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Discretionary — continued
           
Traeger *
   
8,952
   
$
53,622
 
TravelCenters of America *
   
3,714
     
141,169
 
Tri Pointe Homes *
   
31,332
     
647,632
 
Tupperware Brands *
   
13,801
     
242,622
 
Udemy *
   
4,103
     
44,764
 
Unifi *
   
4,103
     
60,191
 
Universal Electronics *
   
3,730
     
110,035
 
Urban Outfitters *
   
19,396
     
461,625
 
Vera Bradley *
   
7,460
     
45,879
 
Vista Outdoor *
   
16,039
     
565,054
 
Visteon *
   
7,833
     
820,193
 
Vivint Smart Home *
   
26,110
     
136,816
 
VOXX International, Cl A *
   
4,476
     
33,883
 
Vuzix *
   
16,785
     
86,778
 
Weber, Cl A
   
5,968
     
52,399
 
Wingstop
   
8,579
     
787,209
 
Winmark
   
1,119
     
227,381
 
Winnebago Industries
   
9,325
     
495,904
 
Wolverine World Wide
   
23,126
     
458,357
 
Workhorse Group *
   
43,641
     
131,359
 
WW International *
   
14,920
     
146,067
 
XL Fleet *
   
33,943
     
47,520
 
Xometry, Cl A *
   
7,087
     
232,595
 
XPEL *
   
5,222
     
225,956
 
Xponential Fitness, Cl A *
   
3,357
     
69,557
 
Zumiez *
   
5,595
     
204,945
 
             
72,740,317
 
                 
                 
Consumer Staples — 2.1%
               
22nd Century Group *
   
45,863
     
87,598
 
Andersons
   
8,952
     
449,659
 
AppHarvest *
   
19,769
     
81,251
 
B&G Foods
   
18,277
     
492,200
 

The accompanying notes are an integral part of the financial statements.
92


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Staples — continued
           
Beauty Health *
   
24,618
   
$
322,496
 
BellRing Brands *
   
32,078
     
687,432
 
BJ’s Wholesale Club Holdings *
   
38,792
     
2,496,265
 
Calavo Growers
   
4,849
     
175,728
 
Cal-Maine Foods
   
11,563
     
621,280
 
Celsius Holdings *
   
15,293
     
795,236
 
Central Garden & Pet *
   
2,968
     
129,969
 
Central Garden & Pet, Cl A *
   
11,190
     
463,042
 
Chefs’ Warehouse *
   
8,952
     
327,643
 
Coca-Cola Consolidated
   
1,492
     
658,718
 
Duckhorn Portfolio *
   
10,071
     
195,579
 
Edgewell Personal Care
   
15,293
     
583,275
 
elf Beauty *
   
13,801
     
335,778
 
Energizer Holdings
   
19,023
     
576,207
 
Fresh Del Monte Produce
   
9,698
     
252,633
 
HF Foods Group *
   
10,801
     
63,078
 
Honest *
   
24,245
     
96,010
 
Hostess Brands, Cl A *
   
39,165
     
888,654
 
Ingles Markets, Cl A
   
4,103
     
382,071
 
Inter Parfums
   
5,222
     
426,794
 
J & J Snack Foods
   
4,103
     
614,219
 
John B Sanfilippo & Son
   
2,611
     
202,718
 
Laird Superfood *
   
1,865
     
5,614
 
Lancaster Colony
   
5,222
     
810,350
 
Landec *
   
7,460
     
74,227
 
Limoneira
   
4,476
     
53,444
 
MedAvail Holdings *
   
3,357
     
5,573
 
Medifast
   
3,357
     
598,755
 
MGP Ingredients
   
4,103
     
374,727
 
Mission Produce *
   
10,444
     
132,848
 
National Beverage *
   
6,714
     
295,953
 
Natural Grocers by Vitamin Cottage
   
2,611
     
53,238
 

The accompanying notes are an integral part of the financial statements.
93


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Staples — continued
           
Nature’s Sunshine Products *
   
3,357
   
$
55,592
 
NewAge *
   
38,046
     
15,066
 
Nu Skin Enterprises, Cl A
   
14,174
     
604,379
 
Oil-Dri Corp of America
   
1,492
     
37,225
 
Performance Food Group *
   
42,895
     
2,112,579
 
PriceSmart
   
7,087
     
563,062
 
Primo Water
   
44,760
     
655,286
 
Revlon, Cl A *
   
1,865
     
11,414
 
Rite Aid *
   
15,666
     
99,792
 
Sanderson Farms
   
5,595
     
1,059,525
 
Seneca Foods, Cl A *
   
1,865
     
101,176
 
Simply Good Foods *
   
24,245
     
1,009,804
 
Sovos Brands *
   
7,460
     
112,646
 
SpartanNash
   
10,071
     
345,234
 
Sprouts Farmers Market *
   
32,078
     
955,924
 
Tattooed Chef *
   
13,428
     
107,290
 
Thorne HealthTech *
   
1,865
     
12,496
 
Tootsie Roll Industries
   
4,476
     
156,794
 
TreeHouse Foods *
   
14,920
     
469,980
 
Turning Point Brands
   
4,103
     
128,793
 
United Natural Foods *
   
16,412
     
704,567
 
Universal
   
6,714
     
388,405
 
USANA Health Sciences *
   
3,357
     
257,348
 
Utz Brands
   
17,142
     
242,045
 
Vector Group
   
40,657
     
517,157
 
Veru *
   
18,277
     
214,206
 
Village Super Market, Cl A
   
2,238
     
51,899
 
Vita Coco *
   
3,357
     
36,457
 
Vital Farms *
   
7,087
     
81,501
 
WD-40
   
3,730
     
686,245
 
Weis Markets
   
4,849
     
387,338
 
Whole Earth Brands *
   
10,444
     
72,168
 

The accompanying notes are an integral part of the financial statements.
94


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Staples — continued
           
Zevia PBC, Cl A *
   
2,984
   
$
10,265
 
             
27,073,920
 
                 
                 
Energy — 3.7%
               
Aemetis *
   
7,833
     
71,515
 
Alto Ingredients *
   
20,142
     
116,219
 
Antero Resources *
   
81,314
     
2,862,253
 
Arch Resources
   
4,476
     
744,717
 
Archrock
   
38,419
     
334,630
 
Berry
   
19,023
     
208,682
 
Brigham Minerals, Cl A
   
12,309
     
305,017
 
Bristow Group *
   
6,714
     
200,212
 
Cactus, Cl A
   
15,666
     
782,203
 
California Resources
   
23,126
     
929,896
 
Callon Petroleum *
   
13,801
     
707,577
 
Centennial Resource Development, Cl A *
   
52,220
     
404,183
 
Centrus Energy, Cl A *
   
2,611
     
72,481
 
ChampionX
   
57,442
     
1,212,026
 
Chesapeake Energy
   
29,840
     
2,447,477
 
Civitas Resources
   
12,309
     
721,554
 
Clean Energy Fuels *
   
44,014
     
257,922
 
CNX Resources *
   
57,069
     
1,172,768
 
Comstock Resources *
   
26,110
     
444,653
 
CONSOL Energy *
   
9,698
     
461,140
 
Crescent Energy, Cl A
   
8,206
     
128,916
 
CVR Energy
   
8,579
     
215,076
 
Delek US Holdings *
   
18,650
     
451,330
 
Denbury *
   
14,174
     
906,853
 
DHT Holdings
   
39,911
     
224,300
 
DMC Global *
   
5,595
     
111,844
 
Dorian LPG
   
8,952
     
131,773
 
Dril-Quip *
   
10,071
     
290,851
 
Earthstone Energy, Cl A *
   
8,579
     
115,731
 

The accompanying notes are an integral part of the financial statements.
95


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Energy — continued
           
Energy Fuels *
   
44,014
   
$
330,545
 
Equitrans Midstream
   
116,003
     
911,784
 
Expro Group Holdings *
   
13,055
     
199,480
 
Falcon Minerals
   
11,190
     
76,092
 
Gevo *
   
56,323
     
208,958
 
Green Plains *
   
13,428
     
376,924
 
Helix Energy Solutions Group *
   
40,657
     
167,100
 
Helmerich & Payne
   
29,094
     
1,339,197
 
HighPeak Energy
   
1,492
     
40,747
 
International Seaways
   
13,055
     
275,852
 
Kinetik Holdings, Cl A
   
746
     
53,078
 
Laredo Petroleum *
   
3,730
     
265,613
 
Liberty Energy, Cl A *
   
26,467
     
427,177
 
Magnolia Oil & Gas, Cl A
   
41,030
     
953,537
 
Matador Resources
   
31,332
     
1,529,628
 
Murphy Oil
   
41,776
     
1,590,830
 
Nabors Industries *
   
1,865
     
288,366
 
National Energy Services Reunited *
   
10,817
     
72,366
 
Newpark Resources *
   
25,737
     
89,822
 
NexTier Oilfield Solutions *
   
49,236
     
543,073
 
Nordic American Tankers
   
47,744
     
122,225
 
Northern Oil and Gas
   
17,531
     
437,924
 
Oasis Petroleum
   
5,595
     
742,233
 
Oceaneering International *
   
28,348
     
321,183
 
Oil States International *
   
17,158
     
115,988
 
Ovintiv
   
74,584
     
3,817,955
 
Par Pacific Holdings *
   
12,682
     
186,045
 
Patterson-UTI Energy
   
52,966
     
870,761
 
PBF Energy, Cl A *
   
27,229
     
791,275
 
PDC Energy
   
27,602
     
1,924,964
 
Peabody Energy *
   
25,364
     
574,241
 
ProPetro Holding *
   
24,618
     
348,099
 

The accompanying notes are an integral part of the financial statements.
96


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Energy — continued
           
Range Resources *
   
67,886
   
$
2,032,507
 
Ranger Oil, Cl A *
   
5,968
     
190,081
 
Renewable Energy Group *
   
12,682
     
774,363
 
REX American Resources *
   
1,492
     
126,268
 
Riley Exploration Permian
   
2,984
     
69,318
 
RPC *
   
19,023
     
196,698
 
Select Energy Services, Cl A *
   
18,277
     
141,830
 
SM Energy
   
33,943
     
1,205,995
 
Solaris Oilfield Infrastructure, Cl A
   
8,952
     
100,710
 
Southwestern Energy *
   
288,686
     
2,165,145
 
Talos Energy *
   
10,444
     
189,767
 
Tellurian *
   
105,186
     
523,826
 
TETRA Technologies *
   
34,689
     
127,656
 
Tidewater *
   
11,563
     
230,797
 
Uranium Energy *
   
74,973
     
318,635
 
Ur-Energy *
   
52,593
     
72,578
 
US Silica Holdings *
   
20,888
     
388,099
 
W&T Offshore *
   
26,483
     
126,059
 
Whiting Petroleum
   
11,190
     
817,430
 
World Fuel Services
   
17,888
     
433,247
 
             
47,257,870
 
                 
                 
Financials — 8.5%
               
1st Source
   
4,849
     
209,816
 
AFC Gamma
   
4,103
     
65,689
 
Alerus Financial
   
4,103
     
104,832
 
Allegiance Bancshares
   
5,579
     
227,958
 
Amalgamated Financial
   
3,730
     
65,611
 
A-Mark Precious Metals *
   
2,611
     
205,747
 
Ambac Financial Group *
   
13,055
     
100,915
 
Amerant Bancorp, Cl A
   
7,460
     
198,361
 
American Equity Investment Life Holding
   
23,499
     
886,382
 
American National Bankshares
   
2,984
     
103,664
 

The accompanying notes are an integral part of the financial statements.
97


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Financials — continued
           
American National Group
   
2,238
   
$
422,109
 
Ameris Bancorp
   
19,023
     
793,259
 
AMERISAFE
   
5,595
     
259,328
 
Angel Oak Mortgage
   
2,611
     
42,194
 
Apollo Commercial Real Estate Finance
   
39,911
     
480,528
 
Arbor Realty Trust
   
41,030
     
701,613
 
Ares Commercial Real Estate
   
12,309
     
185,497
 
Argo Group International Holdings
   
8,952
     
383,146
 
ARMOUR Residential
   
25,364
     
186,172
 
Arrow Financial
   
4,103
     
128,424
 
Artisan Partners Asset Management, Cl A
   
16,785
     
539,470
 
AssetMark Financial Holdings *
   
5,222
     
100,419
 
Associated Banc-Corp
   
42,149
     
840,873
 
Associated Capital Group
   
373
     
14,771
 
Atlantic Union Bankshares
   
21,261
     
718,197
 
Atlanticus Holdings *
   
1,492
     
64,216
 
Axos Financial *
   
16,039
     
607,557
 
B Riley Financial
   
5,595
     
252,670
 
Banc of California
   
15,666
     
282,615
 
BancFirst
   
4,849
     
396,406
 
Bancorp *
   
14,920
     
338,535
 
Bank First
   
1,865
     
131,856
 
Bank of Marin Bancorp
   
4,476
     
139,920
 
BankUnited
   
24,245
     
910,157
 
Banner
   
9,698
     
520,783
 
Bar Harbor Bankshares
   
4,103
     
107,129
 
Berkshire Hills Bancorp
   
13,801
     
341,437
 
BGC Partners, Cl A
   
89,893
     
326,312
 
Blackstone Mortgage Trust, Cl A
   
44,760
     
1,344,590
 
Blucora *
   
13,801
     
279,470
 
Blue Foundry Bancorp *
   
7,833
     
98,852
 
Blue Ridge Bankshares
   
4,849
     
70,650
 


The accompanying notes are an integral part of the financial statements.
98


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Financials — continued
           
Bridgewater Bancshares *
   
5,968
   
$
95,607
 
Bright Health Group *
   
73,481
     
132,266
 
Brightsphere Investment Group
   
9,325
     
186,873
 
BrightSpire Capital, Cl A
   
23,872
     
202,912
 
Broadmark Realty Capital
   
36,554
     
285,487
 
Brookline Bancorp
   
21,634
     
312,828
 
BRP Group, Cl A *
   
13,428
     
310,455
 
Business First Bancshares
   
5,595
     
123,985
 
Byline Bancorp
   
7,087
     
166,261
 
Cadence Bank
   
51,474
     
1,288,909
 
Cambridge Bancorp
   
1,865
     
152,389
 
Camden National
   
4,103
     
183,609
 
Cannae Holdings *
   
24,229
     
542,730
 
Capital Bancorp
   
2,238
     
50,377
 
Capital City Bank Group
   
3,730
     
95,525
 
Capitol Federal Financial
   
36,927
     
355,607
 
Capstar Financial Holdings
   
5,968
     
120,255
 
Carter Bankshares *
   
7,460
     
122,046
 
Cathay General Bancorp
   
20,515
     
822,446
 
CBTX
   
5,222
     
148,931
 
Central Pacific Financial
   
7,833
     
189,402
 
Chicago Atlantic Real Estate Finance
   
1,865
     
33,178
 
Chimera Investment
   
66,767
     
669,005
 
Citizens, Cl A *
   
14,174
     
42,380
 
Citizens & Northern
   
4,476
     
104,783
 
City Holding
   
4,103
     
317,490
 
Civista Bancshares
   
4,103
     
85,424
 
CNB Financial
   
4,476
     
111,229
 
CNO Financial Group
   
33,943
     
819,384
 
Coastal Financial *
   
2,984
     
122,463
 
Cohen & Steers
   
7,087
     
550,589
 
Columbia Banking System
   
22,380
     
628,430
 

The accompanying notes are an integral part of the financial statements.
99


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Financials — continued
           
Columbia Financial *
   
11,190
   
$
212,051
 
Community Bank System
   
15,293
     
984,869
 
Community Trust Bancorp
   
4,476
     
178,190
 
ConnectOne Bancorp
   
10,444
     
290,970
 
Cowen, Cl A
   
7,460
     
170,461
 
Crawford, Cl A
   
4,476
     
34,913
 
CrossFirst Bankshares *
   
13,055
     
167,235
 
Curo Group Holdings
   
5,968
     
70,064
 
Customers Bancorp *
   
8,579
     
360,919
 
CVB Financial
   
38,792
     
892,992
 
Diamond Hill Investment Group
   
746
     
125,604
 
Dime Community Bancshares
   
9,698
     
304,905
 
Donegal Group, Cl A
   
4,103
     
55,514
 
Donnelley Financial Solutions *
   
8,206
     
240,190
 
Dynex Capital
   
10,071
     
163,452
 
Eagle Bancorp
   
8,952
     
450,733
 
Eastern Bankshares
   
48,863
     
936,215
 
eHealth *
   
7,087
     
57,050
 
Ellington Financial
   
15,293
     
247,594
 
Employers Holdings
   
7,833
     
308,150
 
Enact Holdings
   
4,103
     
96,749
 
Encore Capital Group *
   
7,087
     
409,699
 
Enova International *
   
10,444
     
390,606
 
Enstar Group *
   
3,357
     
791,413
 
Enterprise Bancorp
   
2,611
     
88,643
 
Enterprise Financial Services
   
9,698
     
428,361
 
Equity Bancshares, Cl A
   
3,730
     
113,877
 
Essent Group
   
30,943
     
1,254,120
 
EZCORP, Cl A *
   
14,174
     
99,218
 
Farmers National Banc
   
8,952
     
137,145
 
FB Financial
   
9,325
     
359,292
 
Federal Agricultural Mortgage, Cl C
   
2,611
     
267,445
 

The accompanying notes are an integral part of the financial statements.
100


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Financials — continued
           
Federated Hermes, Cl B
   
26,483
   
$
754,236
 
Fidelity D&D Bancorp
   
1,119
     
41,593
 
Finance of America, Cl A *
   
5,222
     
11,802
 
Financial Institutions
   
4,476
     
124,612
 
First Bancorp
   
2,984
     
84,000
 
First Bancorp
   
9,698
     
363,287
 
First Bancshares
   
5,595
     
180,103
 
First Bank
   
4,476
     
63,828
 
First Busey
   
14,174
     
318,490
 
First Commonwealth Financial
   
26,856
     
362,019
 
First Community Bankshares
   
4,849
     
129,129
 
First Financial
   
3,357
     
143,075
 
First Financial Bancorp
   
26,483
     
541,577
 
First Financial Bankshares
   
36,927
     
1,476,341
 
First Foundation
   
14,174
     
314,946
 
First Internet Bancorp
   
2,611
     
100,497
 
First Interstate BancSystem, Cl A
   
24,991
     
812,707
 
First Merchants
   
16,412
     
643,186
 
First Mid Bancshares
   
4,849
     
174,758
 
First of Long Island
   
6,341
     
106,402
 
FirstCash Holdings
   
11,190
     
892,738
 
Five Star Bancorp
   
3,357
     
83,757
 
Flagstar Bancorp
   
14,920
     
526,676
 
Flushing Financial
   
8,206
     
176,429
 
Focus Financial Partners, Cl A *
   
18,634
     
735,111
 
Franklin BSP Realty Trust
   
10,071
     
133,541
 
FS Bancorp
   
1,865
     
54,812
 
Fulton Financial
   
45,133
     
684,668
 
GAMCO Investors, Cl A
   
1,492
     
29,795
 
GCM Grosvenor
   
12,682
     
104,627
 
Genworth Financial, Cl A *
   
143,978
     
534,158
 
German American Bancorp
   
7,087
     
248,754
 

The accompanying notes are an integral part of the financial statements.
101


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Financials — continued
           
Glacier Bancorp
   
31,332
   
$
1,433,752
 
Goosehead Insurance, Cl A *
   
5,222
     
300,213
 
Granite Point Mortgage Trust
   
15,293
     
148,801
 
Great Ajax
   
6,341
     
59,035
 
Great Southern Bancorp
   
2,984
     
169,312
 
Green Dot, Cl A *
   
15,293
     
404,959
 
Greenhill
   
4,103
     
49,687
 
Greenlight Capital Re, Cl A *
   
7,460
     
51,325
 
Guaranty Bancshares
   
2,238
     
76,987
 
Hamilton Lane, Cl A
   
10,071
     
690,669
 
Hancock Whitney
   
24,618
     
1,151,384
 
Hanmi Financial
   
8,579
     
198,604
 
Hannon Armstrong Sustainable Infrastructure Capital
   
21,634
     
865,144
 
HarborOne Bancorp
   
13,428
     
179,801
 
HBT Financial
   
2,984
     
51,265
 
HCI Group
   
1,492
     
95,622
 
Heartland Financial USA
   
11,563
     
506,113
 
Heritage Commerce
   
16,769
     
188,316
 
Heritage Financial
   
9,698
     
234,886
 
Heritage Insurance Holdings
   
7,460
     
31,780
 
Hilltop Holdings
   
17,531
     
446,865
 
Hingham Institution For Savings The
   
373
     
120,505
 
Home Bancorp
   
2,238
     
85,783
 
Home BancShares
   
43,268
     
935,454
 
Home Point Capital
   
2,238
     
6,087
 
HomeStreet
   
5,595
     
227,101
 
HomeTrust Bancshares
   
4,103
     
110,904
 
Hope Bancorp
   
32,824
     
469,383
 
Horace Mann Educators
   
11,936
     
475,650
 
Horizon Bancorp
   
12,309
     
215,161
 
Houlihan Lokey, Cl A
   
14,547
     
1,211,620
 

The accompanying notes are an integral part of the financial statements.
102


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Financials — continued
           
Independent Bank
   
13,055
   
$
1,007,324
 
Independent Bank
   
5,968
     
117,808
 
Independent Bank Group
   
10,444
     
708,103
 
International Bancshares
   
15,293
     
608,508
 
Invesco Mortgage Capital
   
89,147
     
155,116
 
Investors Title
   
11
     
2,064
 
James River Group Holdings
   
10,444
     
247,627
 
Kearny Financial
   
18,650
     
221,189
 
Kinsale Capital Group
   
5,968
     
1,323,046
 
KKR Real Estate Finance Trust
   
10,071
     
191,349
 
Ladder Capital, Cl A
   
32,435
     
369,435
 
Lakeland Bancorp
   
17,531
     
263,491
 
Lakeland Financial
   
7,087
     
516,075
 
LendingClub *
   
28,348
     
432,307
 
LendingTree *
   
3,357
     
266,613
 
Live Oak Bancshares
   
8,952
     
378,938
 
Luther Burbank
   
4,476
     
59,397
 
Macatawa Bank
   
7,460
     
65,275
 
Maiden Holdings *
   
19,769
     
43,887
 
MBIA *
   
13,785
     
165,971
 
Mercantile Bank
   
4,476
     
140,546
 
Merchants Bancorp
   
4,103
     
96,503
 
Meta Financial Group
   
8,206
     
358,192
 
Metrocity Bankshares
   
5,222
     
106,424
 
MetroMile *
   
32,451
     
31,847
 
Metropolitan Bank Holding *
   
2,984
     
265,725
 
MFA Financial
   
31,332
     
446,481
 
Mid Penn Bancorp
   
4,103
     
105,981
 
Midland States Bancorp
   
5,968
     
157,316
 
MidWestOne Financial Group
   
4,103
     
122,598
 
Moelis, Cl A
   
17,531
     
775,922
 
Mr Cooper Group *
   
17,531
     
788,369
 

The accompanying notes are an integral part of the financial statements.
103


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Financials — continued
           
MVB Financial
   
2,984
   
$
119,539
 
National Bank Holdings, Cl A
   
8,206
     
299,601
 
National Western Life Group, Cl A
   
746
     
148,275
 
Navient
   
42,895
     
681,602
 
NBT Bancorp
   
11,936
     
420,147
 
Nelnet, Cl A
   
4,849
     
397,957
 
New York Mortgage Trust
   
107,797
     
347,106
 
NI Holdings *
   
2,611
     
41,384
 
Nicolet Bankshares *
   
3,357
     
273,193
 
NMI Holdings, Cl A *
   
23,872
     
438,767
 
Northfield Bancorp
   
12,666
     
165,798
 
Northrim BanCorp
   
1,492
     
59,784
 
Northwest Bancshares
   
34,689
     
439,857
 
OceanFirst Financial
   
16,412
     
307,397
 
Ocwen Financial *
   
2,238
     
46,550
 
Old National Bancorp
   
83,552
     
1,266,648
 
Old Second Bancorp
   
7,833
     
107,860
 
Open Lending, Cl A *
   
29,467
     
401,930
 
Oportun Financial *
   
5,968
     
69,169
 
Oppenheimer Holdings, Cl A
   
2,611
     
84,126
 
Orchid Island Capital, Cl A
   
38,419
     
106,805
 
Origin Bancorp
   
6,341
     
238,929
 
Orrstown Financial Services
   
2,984
     
70,363
 
Pacific Premier Bancorp
   
26,483
     
830,507
 
Palomar Holdings *
   
7,087
     
385,887
 
Park National
   
4,103
     
483,539
 
PCSB Financial
   
3,730
     
68,334
 
Peapack-Gladstone Financial
   
4,849
     
150,271
 
PennyMac Financial Services
   
8,579
     
416,596
 
PennyMac Mortgage Investment Trust
   
27,975
     
429,137
 
Peoples Bancorp
   
7,087
     
194,326
 
Peoples Financial Services
   
1,865
     
92,579
 

The accompanying notes are an integral part of the financial statements.
104


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Financials — continued
           
Pioneer Bancorp *
   
3,357
   
$
34,913
 
Piper Sandler
   
4,849
     
557,538
 
PJT Partners
   
6,714
     
443,057
 
PRA Group *
   
12,309
     
517,347
 
Preferred Bank
   
3,730
     
250,358
 
Premier Financial
   
10,071
     
267,284
 
Primis Financial
   
6,714
     
91,646
 
ProAssurance
   
15,293
     
375,749
 
PROG Holdings *
   
16,039
     
424,552
 
Provident Bancorp
   
4,476
     
71,258
 
Provident Financial Services
   
21,261
     
470,506
 
Pzena Investment Management, Cl A
   
4,849
     
30,500
 
QCR Holdings
   
4,849
     
263,252
 
Radian Group
   
51,101
     
1,093,050
 
RBB Bancorp
   
4,103
     
87,763
 
Ready Capital
   
19,023
     
277,165
 
Red River Bancshares
   
1,119
     
60,706
 
Redwood Trust
   
32,451
     
314,775
 
Regional Management
   
2,238
     
96,346
 
Renasant
   
15,666
     
466,690
 
Republic Bancorp, Cl A
   
2,611
     
108,826
 
Republic First Bancorp *
   
12,682
     
53,138
 
RLI
   
11,190
     
1,284,388
 
S&T Bancorp
   
11,174
     
315,777
 
Safety Insurance Group
   
4,103
     
353,022
 
Sandy Spring Bancorp
   
12,682
     
498,022
 
Sculptor Capital Management, Cl A
   
6,341
     
66,327
 
Seacoast Banking Corp of Florida
   
15,666
     
509,145
 
Selective Insurance Group
   
16,785
     
1,382,413
 
Selectquote *
   
38,046
     
78,375
 
ServisFirst Bancshares
   
14,174
     
1,138,456
 
Sierra Bancorp
   
4,103
     
89,240
 

The accompanying notes are an integral part of the financial statements.
105


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Financials — continued
           
Silvergate Capital, Cl A *
   
7,833
   
$
916,148
 
Simmons First National, Cl A
   
35,435
     
845,833
 
SmartFinancial
   
4,103
     
100,606
 
South Plains Financial
   
2,984
     
72,064
 
Southern First Bancshares *
   
2,238
     
102,277
 
Southern Missouri Bancorp
   
2,238
     
94,444
 
Southside Bancshares
   
8,952
     
350,829
 
SouthState
   
22,007
     
1,704,222
 
StepStone Group, Cl A
   
13,055
     
334,469
 
Stewart Information Services
   
7,460
     
384,936
 
Stock Yards Bancorp
   
6,714
     
351,008
 
StoneX Group *
   
4,849
     
328,665
 
Summit Financial Group
   
2,984
     
81,314
 
Texas Capital Bancshares *
   
14,547
     
747,134
 
Third Coast Bancshares *
   
1,119
     
25,368
 
Tiptree
   
6,639
     
77,212
 
Tompkins Financial
   
4,103
     
299,519
 
Towne Bank
   
19,023
     
524,464
 
TPG RE Finance Trust
   
17,158
     
181,017
 
Trean Insurance Group *
   
4,849
     
24,342
 
TriCo Bancshares
   
7,833
     
294,129
 
TriState Capital Holdings *
   
8,206
     
247,903
 
Triumph Bancorp *
   
6,714
     
466,220
 
Trupanion *
   
10,817
     
688,178
 
TrustCo Bank NY
   
5,222
     
162,665
 
Trustmark
   
17,531
     
488,764
 
Two Harbors Investment
   
97,726
     
470,062
 
UMB Financial
   
12,309
     
1,110,026
 
United Bankshares
   
37,300
     
1,240,598
 
United Community Banks
   
29,840
     
899,378
 
United Fire Group
   
5,968
     
174,803
 
United Insurance Holdings
   
5,595
     
12,813
 

The accompanying notes are an integral part of the financial statements.
106


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Financials — continued
           
Universal Insurance Holdings
   
7,833
   
$
98,382
 
Univest Financial
   
8,206
     
206,791
 
Valley National Bancorp
   
113,765
     
1,362,905
 
Value Line
   
1
     
65
 
Velocity Financial *
   
2,611
     
27,938
 
Veritex Holdings
   
13,428
     
441,110
 
Virtus Investment Partners
   
2,238
     
396,484
 
Walker & Dunlop
   
8,206
     
982,751
 
Washington Federal
   
18,277
     
556,169
 
Washington Trust Bancorp
   
4,849
     
227,612
 
Waterstone Financial
   
5,968
     
95,846
 
WesBanco
   
17,158
     
553,174
 
West BanCorp
   
4,476
     
111,900
 
Westamerica BanCorp
   
7,460
     
439,543
 
WisdomTree Investments
   
38,403
     
223,889
 
World Acceptance *
   
1,119
     
211,166
 
WSFS Financial
   
18,277
     
732,359
 
             
109,048,314
 
                 
                 
Health Care — 8.3%
               
1Life Healthcare *
   
32,824
     
231,409
 
2seventy bio *
   
6,714
     
90,370
 
4D Molecular Therapeutics *
   
7,833
     
93,291
 
89bio *
   
2,984
     
6,475
 
9 Meters Biopharma *
   
64,156
     
26,804
 
Absci *
   
15,666
     
92,586
 
ACADIA Pharmaceuticals *
   
33,943
     
625,909
 
Accelerate Diagnostics *
   
9,325
     
8,952
 
Accolade *
   
14,547
     
80,881
 
Accuray *
   
26,110
     
69,453
 
Aclaris Therapeutics *
   
14,547
     
179,219
 
Acumen Pharmaceuticals *
   
8,206
     
31,675
 
Acutus Medical *
   
5,595
     
7,162
 


The accompanying notes are an integral part of the financial statements.
107


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Health Care — continued
           
Adagio Therapeutics *
   
16,785
   
$
48,005
 
AdaptHealth, Cl A *
   
20,515
     
259,720
 
Addus HomeCare *
   
4,476
     
377,237
 
Adicet Bio *
   
7,460
     
109,960
 
Adverum Biotechnologies *
   
24,618
     
26,341
 
Aeglea BioTherapeutics *
   
11,563
     
16,651
 
Aerie Pharmaceuticals *
   
11,936
     
84,865
 
Aerovate Therapeutics *
   
3,730
     
47,558
 
Agenus *
   
62,291
     
115,238
 
Agiliti *
   
6,714
     
132,534
 
Agios Pharmaceuticals *
   
15,293
     
335,987
 
AirSculpt Technologies *
   
1,865
     
19,527
 
Akebia Therapeutics *
   
49,609
     
20,598
 
Akero Therapeutics *
   
7,460
     
78,255
 
Akouos *
   
6,714
     
18,799
 
Akoya Biosciences *
   
3,730
     
35,099
 
Alaunos Therapeutics *
   
59,664
     
31,705
 
Albireo Pharma *
   
4,849
     
154,295
 
Aldeyra Therapeutics *
   
13,801
     
42,369
 
Alector *
   
16,412
     
157,555
 
Alignment Healthcare *
   
22,380
     
215,072
 
Aligos Therapeutics *
   
5,968
     
7,042
 
Alkermes *
   
45,506
     
1,312,848
 
Allakos *
   
10,071
     
37,968
 
Allogene Therapeutics *
   
19,396
     
161,957
 
Allovir *
   
8,206
     
37,337
 
Allscripts Healthcare Solutions *
   
34,673
     
716,344
 
Alpha Teknova *
   
1,865
     
20,944
 
Alphatec Holdings *
   
20,142
     
218,541
 
Alpine Immune Sciences *
   
3,357
     
30,884
 
Altimmune *
   
11,190
     
50,579
 
ALX Oncology Holdings *
   
4,849
     
61,970
 

The accompanying notes are an integral part of the financial statements.
108


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Health Care — continued
           
American Well, Cl A *
   
51,847
   
$
162,281
 
Amicus Therapeutics *
   
74,600
     
528,168
 
AMN Healthcare Services *
   
13,428
     
1,312,587
 
Amneal Pharmaceuticals *
   
28,348
     
109,423
 
Amphastar Pharmaceuticals *
   
10,444
     
370,449
 
Ampio Pharmaceuticals *
   
55,204
     
12,708
 
Amylyx Pharmaceuticals *
   
2,611
     
23,499
 
AnaptysBio *
   
5,595
     
130,923
 
Anavex Life Sciences *
   
19,023
     
163,408
 
AngioDynamics *
   
10,817
     
227,698
 
Angion Biomedica *
   
6,341
     
7,926
 
ANI Pharmaceuticals *
   
2,984
     
88,058
 
Anika Therapeutics *
   
4,103
     
88,338
 
Annexon *
   
8,952
     
22,828
 
Antares Pharma *
   
47,371
     
263,620
 
Apellis Pharmaceuticals *
   
22,364
     
973,505
 
Apollo Medical Holdings *
   
10,817
     
394,604
 
Applied Molecular Transport *
   
7,087
     
30,403
 
Applied Therapeutics *
   
4,849
     
9,553
 
Apyx Medical *
   
8,952
     
33,749
 
AquaBounty Technologies *
   
18,650
     
24,991
 
Arbutus Biopharma *
   
25,737
     
59,967
 
Arcellx *
   
2,611
     
28,538
 
Arcturus Therapeutics Holdings *
   
5,968
     
115,660
 
Arcus Biosciences *
   
12,682
     
307,031
 
Arcutis Biotherapeutics *
   
7,833
     
158,148
 
Ardelyx *
   
27,602
     
22,714
 
Arrowhead Pharmaceuticals *
   
29,094
     
1,196,054
 
Artivion *
   
10,817
     
219,477
 
Arvinas *
   
13,428
     
738,137
 
Asensus Surgical *
   
66,394
     
30,096
 
Aspira Women’s Health *
   
20,515
     
13,056
 

The accompanying notes are an integral part of the financial statements.
109


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Health Care — continued
           
Atara Biotherapeutics *
   
24,618
   
$
156,570
 
Atea Pharmaceuticals *
   
18,277
     
107,286
 
Athenex *
   
24,618
     
11,817
 
Athersys *
   
60,426
     
29,615
 
Athira Pharma *
   
9,325
     
95,954
 
Atossa Therapeutics *
   
33,197
     
33,529
 
Atreca, Cl A *
   
7,460
     
14,622
 
AtriCure *
   
12,682
     
658,576
 
Atrion
   
373
     
233,729
 
Aura Biosciences *
   
1,492
     
25,304
 
Avalo Therapeutics *
   
17,531
     
7,202
 
Avanos Medical *
   
13,801
     
402,437
 
Aveanna Healthcare Holdings *
   
11,190
     
32,675
 
Avid Bioservices *
   
17,158
     
230,947
 
Avidity Biosciences *
   
10,817
     
154,683
 
Avita Medical *
   
6,714
     
40,955
 
Avrobio *
   
10,817
     
9,983
 
Axogen *
   
10,817
     
78,315
 
Axonics *
   
13,055
     
676,510
 
Axsome Therapeutics *
   
7,833
     
248,698
 
Beam Therapeutics *
   
14,547
     
545,949
 
Berkeley Lights *
   
13,801
     
68,660
 
Beyondspring *
   
6,341
     
9,638
 
BioAtla *
   
4,476
     
15,576
 
BioCryst Pharmaceuticals *
   
51,101
     
474,728
 
Biodesix *
   
4,103
     
6,606
 
Biohaven Pharmaceutical Holding *
   
15,666
     
1,396,937
 
BioLife Solutions *
   
2,984
     
37,807
 
Biomea Fusion *
   
6,325
     
18,975
 
Bionano Genomics *
   
82,806
     
134,974
 
Bioventus, Cl A *
   
7,833
     
94,231
 
Bioxcel Therapeutics *
   
4,849
     
63,570
 

The accompanying notes are an integral part of the financial statements.
110


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Health Care — continued
           
Black Diamond Therapeutics *
   
6,341
   
$
15,409
 
Bluebird Bio *
   
19,023
     
69,053
 
Blueprint Medicines *
   
16,785
     
979,405
 
Bolt Biotherapeutics *
   
6,341
     
9,892
 
Bridgebio Pharma *
   
30,213
     
242,308
 
Brookdale Senior Living *
   
52,593
     
325,025
 
Brooklyn ImmunoTherapeutics *
   
8,579
     
9,008
 
Butterfly Network *
   
38,046
     
126,693
 
C4 Therapeutics *
   
10,817
     
92,702
 
Cara Therapeutics *
   
12,682
     
110,587
 
Cardiff Oncology *
   
10,817
     
14,495
 
Cardiovascular Systems *
   
11,190
     
209,253
 
CareDx *
   
14,531
     
442,324
 
Caribou Biosciences *
   
14,547
     
107,648
 
Cassava Sciences *
   
10,817
     
225,751
 
Castle Biosciences *
   
5,968
     
133,325
 
Catalyst Pharmaceuticals *
   
27,602
     
210,327
 
Celcuity *
   
2,611
     
17,024
 
Celldex Therapeutics *
   
13,055
     
398,830
 
CEL-SCI *
   
10,071
     
28,803
 
Century Therapeutics *
   
4,849
     
58,285
 
Cerevel Therapeutics Holdings *
   
11,563
     
338,565
 
Cerus *
   
47,744
     
220,577
 
ChemoCentryx *
   
15,293
     
282,309
 
Chimerix *
   
20,888
     
91,907
 
Chinook Therapeutics *
   
11,563
     
174,948
 
ChromaDex *
   
13,428
     
25,379
 
CinCor Pharma *
   
3,357
     
79,863
 
Citius Pharmaceuticals *
   
35,062
     
35,413
 
ClearPoint Neuro *
   
5,399
     
46,269
 
Clene *
   
5,968
     
15,457
 
Clovis Oncology *
   
32,078
     
64,156
 

The accompanying notes are an integral part of the financial statements.
111


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Health Care — continued
           
Codex DNA *
   
2,611
   
$
9,661
 
Codexis *
   
17,158
     
206,411
 
Codiak Biosciences *
   
4,476
     
13,249
 
Cogent Biosciences *
   
10,444
     
67,050
 
Coherus Biosciences *
   
18,277
     
165,224
 
Collegium Pharmaceutical *
   
9,698
     
156,138
 
Community Health Systems *
   
35,435
     
271,786
 
Computer Programs and Systems *
   
4,103
     
130,968
 
CONMED
   
8,206
     
1,091,070
 
Convey Health Solutions Holdings *
   
3,730
     
18,986
 
Corcept Therapeutics *
   
24,991
     
537,556
 
CorMedix *
   
10,817
     
37,210
 
Cortexyme *
   
5,595
     
20,478
 
CorVel *
   
2,611
     
404,914
 
Covetrus *
   
29,467
     
406,645
 
Crinetics Pharmaceuticals *
   
13,055
     
265,278
 
Cross Country Healthcare *
   
10,071
     
188,731
 
CryoPort *
   
11,563
     
260,861
 
Cue Biopharma *
   
8,579
     
33,973
 
Cue Health *
   
4,103
     
27,490
 
Cullinan Oncology *
   
7,460
     
73,183
 
Curis *
   
24,618
     
22,493
 
Cutera *
   
4,849
     
263,349
 
CVRx *
   
2,984
     
18,590
 
Cymabay Therapeutics *
   
24,245
     
55,036
 
Cyteir Therapeutics *
   
5,222
     
11,749
 
Cytek Biosciences *
   
27,602
     
260,839
 
Cytokinetics *
   
22,380
     
892,291
 
CytomX Therapeutics *
   
18,277
     
31,254
 
CytoSorbents *
   
11,563
     
24,282
 
DarioHealth *
   
3,730
     
18,501
 
Day One Biopharmaceuticals *
   
6,341
     
54,025
 

The accompanying notes are an integral part of the financial statements.
112


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Health Care — continued
           
Deciphera Pharmaceuticals *
   
11,190
   
$
113,243
 
Denali Therapeutics *
   
25,737
     
612,541
 
DermTech *
   
6,714
     
57,405
 
Design Therapeutics *
   
7,460
     
89,072
 
DICE Therapeutics *
   
4,103
     
83,373
 
Durect *
   
64,156
     
28,870
 
Dynavax Technologies *
   
30,586
     
270,074
 
Dyne Therapeutics *
   
8,579
     
68,460
 
Eagle Pharmaceuticals *
   
3,357
     
148,144
 
Eargo *
   
8,579
     
32,429
 
Edgewise Therapeutics *
   
10,817
     
86,320
 
Editas Medicine, Cl A *
   
19,396
     
256,803
 
Eiger BioPharmaceuticals *
   
8,952
     
61,500
 
Eliem Therapeutics *
   
1,865
     
5,893
 
Emergent BioSolutions *
   
13,801
     
446,876
 
Enanta Pharmaceuticals *
   
5,595
     
360,318
 
Endo International *
   
65,259
     
130,518
 
Ensign Group
   
14,920
     
1,198,524
 
Entrada Therapeutics *
   
2,984
     
17,844
 
Epizyme *
   
40,657
     
26,240
 
Erasca *
   
18,277
     
133,057
 
Esperion Therapeutics *
   
16,412
     
93,220
 
Evelo Biosciences *
   
8,579
     
21,190
 
Evolent Health, Cl A *
   
22,753
     
626,163
 
Evolus *
   
9,325
     
104,347
 
Exagen *
   
2,984
     
18,202
 
EyePoint Pharmaceuticals *
   
7,087
     
80,083
 
Fate Therapeutics *
   
23,126
     
660,479
 
FibroGen *
   
24,618
     
228,947
 
Finch Therapeutics Group *
   
2,238
     
5,662
 
Foghorn Therapeutics *
   
5,595
     
64,846
 
Forian *
   
5,222
     
17,755
 

The accompanying notes are an integral part of the financial statements.
113


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Health Care — continued
           
Forma Therapeutics Holdings *
   
9,698
   
$
73,317
 
Forte Biosciences *
   
3,357
     
3,861
 
Fortress Biotech *
   
20,888
     
22,977
 
Frequency Therapeutics *
   
9,325
     
12,122
 
Fulcrum Therapeutics *
   
7,833
     
75,353
 
Fulgent Genetics *
   
5,968
     
327,524
 
G1 Therapeutics *
   
11,190
     
57,517
 
Gemini Therapeutics, Cl A *
   
6,341
     
9,575
 
Generation Bio *
   
12,309
     
77,916
 
Geron *
   
86,536
     
122,016
 
Glaukos *
   
13,055
     
617,371
 
Global Blood Therapeutics *
   
17,531
     
538,202
 
Gossamer Bio *
   
17,531
     
121,139
 
Graphite Bio *
   
8,206
     
32,988
 
Greenwich Lifesciences *
   
1,119
     
13,260
 
Gritstone bio *
   
12,309
     
31,880
 
GT Biopharma *
   
5,206
     
10,985
 
Haemonetics *
   
14,174
     
718,197
 
Halozyme Therapeutics *
   
39,165
     
1,562,683
 
Hanger *
   
10,817
     
177,831
 
Harmony Biosciences Holdings *
   
6,341
     
285,599
 
Harpoon Therapeutics *
   
5,222
     
11,749
 
Harvard Bioscience *
   
11,190
     
58,412
 
Health Catalyst *
   
14,920
     
248,269
 
HealthEquity *
   
23,126
     
1,441,212
 
HealthStream *
   
7,087
     
135,362
 
Heron Therapeutics *
   
26,110
     
118,017
 
Heska *
   
2,611
     
286,792
 
Homology Medicines *
   
11,936
     
19,814
 
Hookipa Pharma *
   
5,595
     
8,392
 
Humanigen *
   
13,801
     
25,946
 
iBio *
   
61,529
     
18,003
 

The accompanying notes are an integral part of the financial statements.
114


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Health Care — continued
           
iCAD *
   
6,341
   
$
22,828
 
Icosavax *
   
6,714
     
48,676
 
Ideaya Biosciences *
   
9,325
     
89,427
 
IGM Biosciences *
   
2,238
     
37,464
 
Ikena Oncology *
   
7,833
     
30,392
 
Imago Biosciences *
   
5,595
     
91,478
 
Immuneering, Cl A *
   
5,222
     
25,953
 
Immunic *
   
5,222
     
35,353
 
ImmunityBio *
   
19,769
     
71,761
 
ImmunoGen *
   
61,172
     
295,461
 
Immunovant *
   
11,563
     
53,305
 
Impel Pharmaceuticals *
   
1,865
     
11,824
 
Inari Medical *
   
9,698
     
782,629
 
Infinity Pharmaceuticals *
   
24,991
     
19,723
 
InfuSystem Holdings *
   
5,222
     
41,410
 
Inhibrx *
   
7,833
     
124,153
 
Innovage Holding *
   
5,222
     
23,969
 
Innoviva *
   
12,309
     
209,992
 
Inogen *
   
5,595
     
141,442
 
Inotiv *
   
4,849
     
69,098
 
Inovio Pharmaceuticals *
   
58,561
     
159,872
 
Inozyme Pharma *
   
4,103
     
16,207
 
Insmed *
   
33,570
     
737,533
 
Inspire Medical Systems *
   
7,460
     
1,534,970
 
Instil Bio *
   
15,293
     
108,122
 
Integer Holdings *
   
9,325
     
700,960
 
Intellia Therapeutics *
   
19,769
     
969,274
 
Intercept Pharmaceuticals *
   
7,087
     
111,337
 
Intersect ENT *
   
9,325
     
255,225
 
Intra-Cellular Therapies *
   
22,753
     
1,151,529
 
Invacare *
   
9,698
     
16,099
 
Invitae *
   
57,053
     
302,951
 

The accompanying notes are an integral part of the financial statements.
115


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Health Care — continued
           
iRadimed *
   
1,865
   
$
61,377
 
iRhythm Technologies *
   
8,206
     
1,012,374
 
Ironwood Pharmaceuticals, Cl A *
   
41,776
     
501,312
 
IsoPlexis *
   
2,238
     
4,879
 
iTeos Therapeutics *
   
5,595
     
149,331
 
IVERIC bio *
   
32,824
     
454,612
 
Janux Therapeutics *
   
5,222
     
51,384
 
Joint *
   
4,103
     
125,224
 
Jounce Therapeutics *
   
9,325
     
49,422
 
Kala Pharmaceuticals *
   
13,801
     
8,964
 
KalVista Pharmaceuticals *
   
6,341
     
80,721
 
Karuna Therapeutics *
   
6,341
     
706,768
 
Karyopharm Therapeutics *
   
20,515
     
125,142
 
KemPharm *
   
8,579
     
38,348
 
Keros Therapeutics *
   
4,476
     
237,273
 
Kezar Life Sciences *
   
10,817
     
128,506
 
Kiniksa Pharmaceuticals, Cl A *
   
8,206
     
76,562
 
Kinnate Biopharma *
   
7,460
     
55,726
 
Kodiak Sciences *
   
9,682
     
58,286
 
Kronos Bio *
   
11,190
     
52,929
 
Krystal Biotech *
   
5,595
     
339,113
 
Kura Oncology *
   
17,904
     
256,922
 
Kymera Therapeutics *
   
9,698
     
304,032
 
Landos Biopharma *
   
1,492
     
1,425
 
Lantheus Holdings *
   
19,023
     
1,263,317
 
LeMaitre Vascular
   
5,222
     
225,643
 
Lexicon Pharmaceuticals *
   
19,769
     
35,782
 
LHC Group *
   
8,579
     
1,422,827
 
LifeStance Health Group *
   
20,515
     
138,887
 
Ligand Pharmaceuticals *
   
4,103
     
381,005
 
Lineage Cell Therapeutics *
   
35,435
     
43,231
 
LivaNova *
   
15,293
     
1,172,361
 

The accompanying notes are an integral part of the financial statements.
116


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Health Care — continued
           
Lucid Diagnostics *
   
1,492
   
$
3,148
 
Lyell Immunopharma *
   
42,149
     
216,224
 
MacroGenics *
   
17,158
     
122,680
 
Madrigal Pharmaceuticals *
   
3,357
     
234,990
 
Magenta Therapeutics *
   
8,579
     
12,268
 
MannKind *
   
70,124
     
219,488
 
Marinus Pharmaceuticals *
   
10,444
     
69,139
 
MaxCyte *
   
28,348
     
157,048
 
MEDNAX *
   
21,634
     
400,662
 
Medpace Holdings *
   
8,206
     
1,096,075
 
MEI Pharma *
   
36,181
     
17,783
 
MeiraGTx Holdings *
   
8,579
     
88,278
 
Meridian Bioscience *
   
11,936
     
305,442
 
Merit Medical Systems *
   
14,547
     
902,059
 
Mersana Therapeutics *
   
20,142
     
70,094
 
Mesa Laboratories
   
1,492
     
318,736
 
MiMedx Group *
   
31,705
     
125,235
 
Mind Medicine MindMed *
   
91,385
     
73,108
 
MiNK Therapeutics *
   
746
     
1,671
 
Mirum Pharmaceuticals *
   
1,119
     
26,610
 
ModivCare *
   
3,357
     
349,027
 
Molecular Templates *
   
10,444
     
17,755
 
Monte Rosa Therapeutics *
   
8,206
     
89,445
 
Morphic Holding *
   
5,968
     
180,890
 
Multiplan *
   
92,504
     
409,793
 
Mustang Bio *
   
21,261
     
15,833
 
Myriad Genetics *
   
22,380
     
458,790
 
NanoString Technologies *
   
13,055
     
245,173
 
NantHealth *
   
7,460
     
5,255
 
National HealthCare
   
3,730
     
253,864
 
National Research
   
4,103
     
140,733
 
Natus Medical *
   
9,698
     
322,652
 


The accompanying notes are an integral part of the financial statements.
117


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Health Care — continued
           
Neogen *
   
30,586
   
$
807,470
 
NeoGenomics *
   
32,078
     
303,137
 
Neoleukin Therapeutics *
   
10,071
     
12,287
 
Neuronetics *
   
7,087
     
17,292
 
NeuroPace *
   
1,865
     
14,995
 
Nevro *
   
9,698
     
598,270
 
NexImmune *
   
4,849
     
10,231
 
NextGen Healthcare *
   
16,039
     
302,335
 
NGM Biopharmaceuticals *
   
8,952
     
111,721
 
Nkarta *
   
4,103
     
75,659
 
Nurix Therapeutics *
   
8,952
     
99,099
 
Nuvalent, Cl A *
   
5,222
     
53,734
 
NuVasive *
   
14,547
     
748,298
 
Nuvation Bio *
   
45,133
     
210,320
 
Ocugen *
   
52,577
     
115,144
 
Ocular Therapeutix *
   
21,634
     
77,233
 
Olema Pharmaceuticals *
   
7,460
     
19,023
 
Omega Therapeutics *
   
6,341
     
21,623
 
Omeros *
   
17,158
     
59,538
 
Omnicell *
   
12,309
     
1,343,774
 
Oncocyte *
   
17,158
     
19,903
 
Oncorus *
   
5,968
     
6,983
 
Oncternal Therapeutics *
   
12,682
     
10,822
 
Ontrak *
   
3,357
     
3,995
 
OPKO Health *
   
113,392
     
306,158
 
OptimizeRx *
   
4,849
     
136,305
 
Option Care Health *
   
45,133
     
1,348,574
 
OraSure Technologies *
   
20,142
     
123,672
 
Organogenesis Holdings, Cl A *
   
19,769
     
127,312
 
ORIC Pharmaceuticals *
   
8,952
     
29,721
 
Ortho Clinical Diagnostics Holdings *
   
34,316
     
604,305
 
Orthofix Medical *
   
5,222
     
161,882
 

The accompanying notes are an integral part of the financial statements.
118


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Health Care — continued
           
OrthoPediatrics *
   
4,103
   
$
184,963
 
Outlook Therapeutics *
   
32,451
     
50,299
 
Outset Medical *
   
13,428
     
468,369
 
Owens & Minor
   
20,515
     
728,077
 
Oyster Point Pharma *
   
2,984
     
19,038
 
Pacific Biosciences of California *
   
55,204
     
349,993
 
Pacira BioSciences *
   
12,682
     
945,697
 
Paragon 28 *
   
2,611
     
46,920
 
Paratek Pharmaceuticals *
   
13,801
     
30,500
 
Passage Bio *
   
10,444
     
20,366
 
Patterson
   
24,245
     
746,019
 
PAVmed *
   
20,515
     
26,054
 
Pennant Group *
   
7,460
     
122,269
 
Personalis *
   
10,071
     
56,398
 
PetIQ, Cl A *
   
7,460
     
148,454
 
Phathom Pharmaceuticals *
   
5,595
     
72,399
 
Phibro Animal Health, Cl A
   
5,968
     
107,364
 
Phreesia *
   
14,174
     
324,301
 
Pliant Therapeutics *
   
6,714
     
39,344
 
PMV Pharmaceuticals *
   
7,460
     
108,095
 
Poseida Therapeutics *
   
8,206
     
25,357
 
Praxis Precision Medicines *
   
9,325
     
75,533
 
Precigen *
   
26,856
     
35,718
 
Precision BioSciences *
   
14,174
     
28,206
 
Prelude Therapeutics *
   
2,984
     
13,697
 
Prestige Consumer Healthcare *
   
14,174
     
774,751
 
Privia Health Group *
   
11,936
     
262,473
 
PROCEPT BioRobotics *
   
2,222
     
79,014
 
Progyny *
   
18,277
     
702,751
 
Prometheus Biosciences *
   
8,579
     
225,628
 
Protagonist Therapeutics *
   
12,682
     
115,279
 
Provention Bio *
   
15,666
     
70,340
 

The accompanying notes are an integral part of the financial statements.
119


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Health Care — continued
           
PTC Therapeutics *
   
19,769
   
$
698,439
 
Pulmonx *
   
7,460
     
179,786
 
Pulse Biosciences *
   
4,103
     
10,258
 
Puma Biotechnology *
   
9,325
     
22,007
 
Pyxis Oncology *
   
2,984
     
7,311
 
Quanterix *
   
8,579
     
190,368
 
Quotient *
   
22,753
     
13,126
 
R1 RCM *
   
33,570
     
755,996
 
Radius Health *
   
13,428
     
91,848
 
RadNet *
   
13,055
     
254,573
 
Rain Therapeutics *
   
4,476
     
17,770
 
Rallybio *
   
5,222
     
52,011
 
Rapid Micro Biosystems, Cl A *
   
4,476
     
26,095
 
RAPT Therapeutics *
   
5,968
     
90,296
 
Reata Pharmaceuticals, Cl A *
   
7,833
     
198,802
 
Recursion Pharmaceuticals, Cl A *
   
32,824
     
203,509
 
REGENXBIO *
   
11,190
     
310,634
 
Relay Therapeutics *
   
19,769
     
471,095
 
Relmada Therapeutics *
   
7,087
     
177,955
 
Reneo Pharmaceuticals *
   
2,611
     
6,058
 
Replimune Group *
   
8,579
     
143,870
 
Retractable Technologies *
   
4,849
     
18,572
 
Revance Therapeutics *
   
19,769
     
323,816
 
REVOLUTION Medicines *
   
16,785
     
335,196
 
Rhythm Pharmaceuticals *
   
12,682
     
79,389
 
Rigel Pharmaceuticals *
   
48,490
     
114,436
 
Rocket Pharmaceuticals *
   
11,563
     
118,868
 
Rubius Therapeutics *
   
13,055
     
21,671
 
RxSight *
   
4,849
     
59,497
 
Sana Biotechnology *
   
24,618
     
185,866
 
Sangamo Therapeutics *
   
33,570
     
139,316
 
Scholar Rock Holding *
   
8,010
     
56,631
 

The accompanying notes are an integral part of the financial statements.
120


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Health Care — continued
           
Schrodinger *
   
13,039
   
$
322,324
 
SeaSpine Holdings *
   
8,952
     
83,343
 
Seelos Therapeutics *
   
27,975
     
17,345
 
Seer, Cl A *
   
11,936
     
86,894
 
Select Medical Holdings
   
31,332
     
708,417
 
Selecta Biosciences *
   
26,110
     
20,008
 
Sensei Biotherapeutics *
   
5,968
     
9,250
 
Senseonics Holdings *
   
122,717
     
171,804
 
Sera Prognostics, Cl A *
   
2,238
     
5,147
 
Seres Therapeutics *
   
19,769
     
93,507
 
Sesen Bio *
   
57,069
     
21,692
 
Sharps Compliance *
   
5,222
     
22,559
 
Shattuck Labs *
   
7,460
     
28,646
 
Shockwave Medical *
   
9,698
     
1,465,659
 
SI-BONE *
   
9,325
     
186,314
 
Sientra *
   
16,412
     
23,305
 
SIGA Technologies *
   
13,801
     
94,813
 
Sight Sciences *
   
6,341
     
44,260
 
Sigilon Therapeutics *
   
4,476
     
4,700
 
Silk Road Medical *
   
9,698
     
339,915
 
Silverback Therapeutics *
   
5,968
     
18,560
 
Simulations Plus
   
4,476
     
208,850
 
Singular Genomics Systems *
   
13,428
     
54,921
 
Solid Biosciences *
   
16,785
     
9,400
 
Sorrento Therapeutics *
   
84,671
     
127,853
 
Spectrum Pharmaceuticals *
   
46,252
     
37,358
 
Spero Therapeutics *
   
6,714
     
32,630
 
SpringWorks Therapeutics *
   
8,206
     
352,119
 
Spruce Biosciences *
   
2,611
     
4,595
 
SQZ Biotechnologies *
   
6,341
     
23,398
 
STAAR Surgical *
   
13,428
     
766,605
 
Standard BioTools *
   
21,634
     
57,330
 

The accompanying notes are an integral part of the financial statements.
121


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Health Care — continued
           
Stereotaxis *
   
14,174
   
$
35,435
 
Stoke Therapeutics *
   
5,595
     
80,792
 
Summit Therapeutics *
   
7,460
     
11,861
 
Supernus Pharmaceuticals *
   
13,801
     
385,048
 
Surface Oncology *
   
10,071
     
21,351
 
Surgery Partners *
   
9,698
     
496,150
 
Surmodics *
   
3,730
     
144,202
 
Sutro Biopharma *
   
12,309
     
73,977
 
Syndax Pharmaceuticals *
   
13,801
     
231,443
 
Syros Pharmaceuticals *
   
16,412
     
13,816
 
Tabula Rasa HealthCare *
   
6,341
     
21,369
 
Tactile Systems Technology *
   
5,595
     
94,444
 
Talaris Therapeutics *
   
5,968
     
42,134
 
Talis Biomedical *
   
4,103
     
4,308
 
Tarsus Pharmaceuticals *
   
2,238
     
40,978
 
Taysha Gene Therapies *
   
6,341
     
23,208
 
TCR2 Therapeutics *
   
8,579
     
18,273
 
Tenaya Therapeutics *
   
8,206
     
75,659
 
Tenet Healthcare *
   
30,213
     
2,190,745
 
Terns Pharmaceuticals *
   
3,730
     
5,968
 
TG Therapeutics *
   
36,927
     
256,273
 
TherapeuticsMD *
   
110,781
     
22,345
 
Theravance Biopharma *
   
17,158
     
165,575
 
Theseus Pharmaceuticals *
   
3,357
     
27,427
 
Tivity Health *
   
12,666
     
406,959
 
Tonix Pharmaceuticals Holding *
   
142,113
     
20,734
 
TransMedics Group *
   
7,460
     
156,362
 
Travere Therapeutics *
   
16,785
     
421,807
 
Treace Medical Concepts *
   
8,579
     
168,148
 
Trevena *
   
46,429
     
13,766
 
Turning Point Therapeutics *
   
13,055
     
384,339
 
Twist Bioscience *
   
15,666
     
451,807
 

The accompanying notes are an integral part of the financial statements.
122


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Health Care — continued
           
Tyra Biosciences *
   
3,357
   
$
25,077
 
UFP Technologies *
   
1,865
     
128,070
 
UroGen Pharma *
   
5,595
     
39,501
 
US Physical Therapy
   
3,730
     
387,062
 
Utah Medical Products
   
1,119
     
94,656
 
Vanda Pharmaceuticals *
   
15,666
     
155,407
 
Vapotherm *
   
6,341
     
28,154
 
Varex Imaging *
   
10,817
     
214,717
 
Vaxart *
   
34,689
     
120,718
 
Vaxcyte *
   
11,936
     
288,971
 
VBI Vaccines *
   
53,516
     
66,895
 
Ventyx Biosciences *
   
2,984
     
43,358
 
Vera Therapeutics, Cl A *
   
3,730
     
74,600
 
Veracyte *
   
19,023
     
389,401
 
Verastem *
   
48,863
     
69,385
 
Vericel *
   
13,055
     
372,068
 
Verrica Pharmaceuticals *
   
3,730
     
24,506
 
Verve Therapeutics *
   
10,444
     
155,824
 
Viemed Healthcare *
   
10,071
     
50,154
 
ViewRay *
   
42,895
     
114,530
 
Vigil Neuroscience *
   
1,865
     
6,322
 
Viking Therapeutics *
   
19,396
     
46,162
 
Vincerx Pharma *
   
4,833
     
12,469
 
Vir Biotechnology *
   
17,158
     
349,165
 
Viracta Therapeutics *
   
10,444
     
26,632
 
VistaGen Therapeutics *
   
55,204
     
70,109
 
Vor BioPharma *
   
5,222
     
29,922
 
WaVe Life Sciences *
   
12,682
     
24,730
 
Werewolf Therapeutics *
   
7,460
     
33,197
 
XBiotech *
   
4,476
     
34,734
 
Xencor *
   
16,039
     
400,654
 
Xilio Therapeutics *
   
2,238
     
7,900
 

The accompanying notes are an integral part of the financial statements.
123


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Health Care — continued
           
XOMA *
   
1,865
   
$
35,864
 
Y-mAbs Therapeutics *
   
10,071
     
84,596
 
Zentalis Pharmaceuticals *
   
10,444
     
276,975
 
Zynex *
   
6,341
     
40,392
 
             
106,502,262
 
                 
                 
Industrials — 8.3%
               
AAON
   
11,936
     
581,761
 
AAR *
   
9,698
     
455,612
 
ABM Industries
   
19,023
     
918,240
 
Acacia Research *
   
13,801
     
64,727
 
ACCO Brands
   
26,483
     
194,120
 
Advent Technologies Holdings *
   
8,952
     
17,456
 
Aerojet Rocketdyne Holdings *
   
21,261
     
850,015
 
AeroVironment *
   
6,341
     
509,309
 
AerSale *
   
4,476
     
64,812
 
AgEagle Aerial Systems *
   
19,769
     
15,936
 
Air Transport Services Group *
   
16,785
     
525,371
 
Alamo Group
   
2,984
     
377,297
 
Albany International, Cl A
   
8,579
     
671,049
 
Allegiant Travel *
   
4,476
     
694,630
 
Allied Motion Technologies
   
3,357
     
81,709
 
Alta Equipment Group *
   
5,222
     
58,748
 
Altra Industrial Motion
   
18,277
     
712,803
 
Ameresco, Cl A *
   
8,952
     
451,539
 
American Superconductor *
   
7,833
     
41,750
 
American Woodmark *
   
4,849
     
227,176
 
API Group *
   
57,442
     
1,066,124
 
Apogee Enterprises
   
7,087
     
311,828
 
Applied Industrial Technologies
   
10,817
     
1,132,432
 
ArcBest
   
7,087
     
511,398
 
Arcosa
   
13,801
     
738,768
 
Argan
   
4,103
     
150,908
 

The accompanying notes are an integral part of the financial statements.
124


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Industrials — continued
           
Aris Water Solution, Cl A
   
5,595
   
$
94,779
 
Array Technologies *
   
36,181
     
236,262
 
ASGN *
   
14,547
     
1,650,357
 
Astec Industries
   
6,341
     
247,933
 
Astronics *
   
7,087
     
68,673
 
Atkore *
   
12,682
     
1,218,740
 
Atlas Air Worldwide Holdings *
   
8,206
     
565,722
 
Atlas Technical Consultants *
   
4,103
     
49,646
 
Avis Budget Group *
   
11,563
     
3,095,068
 
AZZ
   
7,087
     
323,451
 
Babcock & Wilcox Enterprises *
   
15,666
     
117,652
 
Barnes Group
   
13,428
     
450,912
 
Barrett Business Services
   
2,238
     
161,069
 
Beacon Roofing Supply *
   
15,666
     
934,164
 
Beam Global *
   
2,611
     
40,314
 
Blink Charging *
   
10,444
     
199,480
 
Bloom Energy, Cl A *
   
40,284
     
747,671
 
Blue Bird *
   
4,849
     
77,729
 
BlueLinx Holdings *
   
2,611
     
174,075
 
Boise Cascade
   
11,190
     
845,740
 
Brady, Cl A
   
13,428
     
600,903
 
BrightView Holdings *
   
13,428
     
169,998
 
Brink’s
   
13,801
     
813,569
 
Byrna Technologies *
   
5,222
     
30,914
 
Cadre Holdings
   
1,865
     
47,334
 
Caesarstone
   
6,341
     
62,332
 
Casella Waste Systems, Cl A *
   
13,801
     
1,134,994
 
CBIZ *
   
13,801
     
578,124
 
CECO Environmental *
   
8,952
     
42,522
 
Chart Industries *
   
10,444
     
1,763,156
 
CIRCOR International *
   
5,222
     
102,612
 
Columbus McKinnon
   
7,833
     
277,680
 


The accompanying notes are an integral part of the financial statements.
125


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Industrials — continued
           
Comfort Systems USA
   
10,071
   
$
850,194
 
Commercial Vehicle Group *
   
8,952
     
64,275
 
CompX International
   
373
     
7,919
 
Concrete Pumping Holdings *
   
7,460
     
41,627
 
Construction Partners, Cl A *
   
11,190
     
288,814
 
CoreCivic *
   
33,943
     
421,911
 
Cornerstone Building Brands *
   
15,666
     
382,094
 
Covenant Logistics Group, Cl A
   
3,357
     
68,953
 
CRA International
   
1,865
     
153,620
 
CSW Industrials
   
4,103
     
432,908
 
Custom Truck One Source *
   
16,785
     
110,277
 
Daseke *
   
11,563
     
97,129
 
Deluxe
   
11,936
     
323,227
 
Desktop Metal, Cl A *
   
53,323
     
187,164
 
Douglas Dynamics
   
6,341
     
196,317
 
Ducommun *
   
2,984
     
152,393
 
DXP Enterprises *
   
4,849
     
114,582
 
Dycom Industries *
   
8,206
     
696,771
 
Eagle Bulk Shipping
   
2,611
     
162,509
 
EMCOR Group
   
15,293
     
1,628,399
 
Encore Wire
   
5,595
     
631,172
 
Energy Recovery *
   
11,936
     
221,055
 
Enerpac Tool Group, Cl A
   
17,158
     
344,533
 
EnerSys
   
11,936
     
781,331
 
Ennis
   
7,087
     
122,251
 
EnPro Industries
   
5,968
     
556,277
 
Eos Energy Enterprises *
   
12,682
     
26,886
 
ESCO Technologies
   
7,087
     
442,583
 
EVI Industries *
   
1,492
     
21,321
 
Evoqua Water Technologies *
   
32,824
     
1,368,433
 
Exponent
   
14,920
     
1,429,485
 
Federal Signal
   
17,158
     
583,887
 

The accompanying notes are an integral part of the financial statements.
126


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Industrials — continued
           
First Advantage *
   
15,666
   
$
271,962
 
Fluor *
   
40,284
     
997,029
 
Forrester Research *
   
3,357
     
186,951
 
Forward Air
   
7,460
     
723,396
 
Franklin Covey *
   
3,730
     
149,461
 
Franklin Electric
   
13,055
     
913,067
 
Frontier Group Holdings *
   
10,055
     
106,684
 
FTC Solar *
   
11,563
     
32,376
 
FuelCell Energy *
   
105,170
     
429,094
 
GATX
   
10,071
     
1,041,241
 
Genco Shipping & Trading
   
8,952
     
197,213
 
GEO Group ‡ *
   
33,570
     
219,212
 
Gibraltar Industries *
   
9,325
     
352,858
 
Global Industrial
   
3,730
     
115,108
 
GMS *
   
12,309
     
590,217
 
Gorman-Rupp
   
6,341
     
202,024
 
GrafTech International
   
57,069
     
518,187
 
Granite Construction
   
13,055
     
387,081
 
Great Lakes Dredge & Dock *
   
18,277
     
252,405
 
Greenbrier
   
8,952
     
382,340
 
Griffon
   
14,547
     
272,174
 
H&E Equipment Services
   
8,952
     
317,617
 
Harsco *
   
22,380
     
228,724
 
Hawaiian Holdings *
   
14,351
     
243,393
 
Healthcare Services Group
   
21,261
     
363,350
 
Heartland Express
   
13,428
     
185,306
 
Heidrick & Struggles International
   
5,595
     
178,816
 
Helios Technologies
   
9,325
     
626,453
 
Herc Holdings
   
7,087
     
905,860
 
Heritage-Crystal Clean *
   
4,476
     
122,195
 
Hillenbrand
   
20,888
     
852,648
 
HireQuest
   
1,492
     
24,797
 

The accompanying notes are an integral part of the financial statements.
127


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Industrials — continued
           
HireRight Holdings *
   
6,341
   
$
109,636
 
HNI
   
12,309
     
438,693
 
Hub Group, Cl A *
   
9,325
     
626,267
 
Huron Consulting Group *
   
6,341
     
328,337
 
Hydrofarm Holdings Group *
   
11,190
     
106,865
 
Hyliion Holdings *
   
33,197
     
106,562
 
HyreCar *
   
4,849
     
7,564
 
Hyster-Yale Materials Handling
   
2,984
     
91,668
 
ICF International
   
5,222
     
515,986
 
Ideanomics *
   
138,010
     
99,257
 
IES Holdings *
   
2,611
     
76,502
 
Infrastructure and Energy Alternatives *
   
7,833
     
73,239
 
INNOVATE *
   
13,428
     
40,687
 
Insperity
   
10,444
     
1,107,586
 
Insteel Industries
   
5,222
     
221,517
 
Interface, Cl A
   
16,412
     
208,268
 
JELD-WEN Holding *
   
26,110
     
542,827
 
John Bean Technologies
   
8,952
     
1,055,351
 
Kadant
   
3,357
     
621,045
 
Kaman
   
7,833
     
305,565
 
KAR Auction Services *
   
34,316
     
503,073
 
Karat Packaging *
   
1,119
     
20,534
 
KBR
   
40,284
     
1,983,181
 
Kelly Services, Cl A
   
10,071
     
194,270
 
Kennametal
   
23,872
     
614,227
 
Kforce
   
5,595
     
391,930
 
Kimball International, Cl B
   
10,071
     
77,345
 
Korn Ferry
   
15,293
     
939,602
 
Kratos Defense & Security Solutions *
   
34,689
     
526,232
 
Lawson Products *
   
1,492
     
56,681
 
Lindsay
   
2,984
     
403,288
 
Manitowoc *
   
9,698
     
128,402
 

The accompanying notes are an integral part of the financial statements.
128


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Industrials — continued
           
ManTech International, Cl A
   
7,833
   
$
629,303
 
Marten Transport
   
16,785
     
291,723
 
Masonite International *
   
6,714
     
520,469
 
Matrix Service *
   
7,460
     
50,728
 
Matson
   
11,936
     
1,026,735
 
Matthews International, Cl A
   
8,952
     
266,859
 
Maxar Technologies
   
20,515
     
660,788
 
Mayville Engineering *
   
2,611
     
21,619
 
McGrath RentCorp
   
6,714
     
560,350
 
Meritor *
   
19,396
     
696,510
 
Mesa Air Group *
   
9,698
     
32,973
 
Miller Industries
   
2,984
     
80,001
 
MillerKnoll
   
21,261
     
674,612
 
Mistras Group *
   
5,595
     
31,836
 
Montrose Environmental Group *
   
7,460
     
338,460
 
Moog, Cl A
   
8,206
     
655,413
 
MRC Global *
   
22,753
     
272,808
 
Mueller Industries
   
16,039
     
868,512
 
Mueller Water Products, Cl A
   
44,387
     
533,976
 
MYR Group *
   
4,849
     
383,507
 
National Presto Industries
   
1,492
     
106,126
 
Nikola *
   
64,902
     
465,996
 
NL Industries
   
2,238
     
15,397
 
NN *
   
12,309
     
37,296
 
Northwest Pipe *
   
2,611
     
69,740
 
NOW *
   
31,332
     
341,519
 
NV5 Global *
   
3,730
     
446,854
 
Omega Flex
   
746
     
82,806
 
PAM Transportation Services *
   
1,865
     
56,677
 
Park Aerospace
   
5,595
     
65,462
 
Park-Ohio Holdings
   
2,238
     
21,462
 
Parsons *
   
7,460
     
275,498
 


The accompanying notes are an integral part of the financial statements.
129


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Industrials — continued
           
PGT Innovations *
   
16,412
   
$
291,641
 
Pitney Bowes
   
49,982
     
263,405
 
Powell Industries
   
2,611
     
50,392
 
Preformed Line Products
   
746
     
44,387
 
Primoris Services
   
15,293
     
354,492
 
Proto Labs *
   
7,833
     
333,764
 
Quanex Building Products
   
9,682
     
186,088
 
Radiant Logistics *
   
11,190
     
64,566
 
RBC Bearings *
   
7,833
     
1,318,686
 
Resideo Technologies *
   
41,030
     
922,765
 
Resources Connection
   
8,952
     
153,885
 
REV Group
   
10,071
     
120,046
 
Romeo Power *
   
27,602
     
30,362
 
Rush Enterprises, Cl A
   
11,936
     
607,304
 
Rush Enterprises, Cl B
   
1,865
     
90,359
 
Saia *
   
7,460
     
1,536,462
 
Shyft Group
   
9,698
     
247,008
 
Simpson Manufacturing
   
12,309
     
1,276,074
 
SkyWest *
   
14,174
     
413,172
 
SP Plus *
   
6,714
     
191,349
 
Spirit Airlines *
   
27,975
     
660,490
 
SPX *
   
12,309
     
515,747
 
Standex International
   
3,357
     
315,692
 
Steelcase, Cl A
   
24,245
     
284,394
 
Stem *
   
32,451
     
232,674
 
Sterling Check *
   
4,849
     
125,977
 
Sterling Construction *
   
7,833
     
179,297
 
Sun Country Airlines Holdings *
   
9,325
     
256,531
 
Team *
   
7,460
     
10,742
 
Tennant
   
5,222
     
337,237
 
Terex
   
19,396
     
659,464
 
Tetra Tech
   
15,293
     
2,130,009
 

The accompanying notes are an integral part of the financial statements.
130


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Industrials — continued
           
Thermon Group Holdings *
   
9,325
   
$
139,875
 
Titan International *
   
14,547
     
201,621
 
Titan Machinery *
   
5,595
     
131,930
 
TPI Composites *
   
10,444
     
119,479
 
Transcat *
   
1,865
     
136,145
 
TriNet Group *
   
11,563
     
1,025,638
 
Trinity Industries
   
22,007
     
610,474
 
Triumph Group *
   
18,261
     
411,603
 
TrueBlue *
   
10,071
     
257,515
 
Tutor Perini *
   
11,563
     
107,189
 
UFP Industries
   
17,158
     
1,327,514
 
UniFirst
   
4,103
     
706,947
 
Universal Logistics Holdings
   
2,238
     
45,387
 
Upwork *
   
33,570
     
703,963
 
US Xpress Enterprises, Cl A *
   
7,460
     
24,693
 
Vectrus *
   
3,357
     
121,188
 
Veritiv *
   
4,103
     
576,636
 
Viad *
   
5,595
     
183,236
 
Vicor *
   
5,968
     
361,183
 
View *
   
27,975
     
43,082
 
VSE
   
2,984
     
129,237
 
Wabash National
   
13,801
     
197,492
 
Watts Water Technologies, Cl A
   
7,833
     
998,394
 
Welbilt *
   
37,284
     
880,648
 
Werner Enterprises
   
17,158
     
679,972
 
WESCO International *
   
12,682
     
1,563,183
 
Willdan Group *
   
2,984
     
80,210
 
Willis Lease Finance *
   
746
     
23,201
 
WillScot Mobile Mini Holdings *
   
59,307
     
2,081,676
 
Yellow *
   
14,174
     
63,500
 
Zurn Water Solutions
   
34,316
     
1,071,346
 
             
105,961,449
 
                 
                 


The accompanying notes are an integral part of the financial statements.
131


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — 7.1%
           
3D Systems *
   
35,419
   
$
401,651
 
8x8 *
   
32,078
     
294,155
 
908 Devices *
   
5,968
     
105,932
 
A10 Networks
   
17,158
     
245,016
 
ACI Worldwide *
   
33,570
     
927,203
 
ADTRAN
   
13,801
     
239,999
 
Advanced Energy Industries
   
10,817
     
827,717
 
Aeva Technologies *
   
29,840
     
97,875
 
Agilysys *
   
5,968
     
219,682
 
Akoustis Technologies *
   
14,547
     
64,589
 
Alarm.com Holdings *
   
13,428
     
820,182
 
Alkami Technology *
   
8,206
     
107,499
 
Alpha & Omega Semiconductor *
   
5,968
     
256,027
 
Altair Engineering, Cl A *
   
13,055
     
709,148
 
Ambarella *
   
10,071
     
826,628
 
American Software, Cl A
   
8,952
     
153,079
 
Amkor Technology
   
29,094
     
547,258
 
Appfolio, Cl A *
   
5,595
     
581,097
 
Appian, Cl A *
   
11,190
     
534,882
 
Arlo Technologies *
   
23,872
     
184,769
 
Arteris *
   
1,492
     
17,591
 
Asana, Cl A *
   
20,888
     
559,798
 
Atomera *
   
5,595
     
58,468
 
Avaya Holdings *
   
23,872
     
220,816
 
Aviat Networks *
   
2,984
     
89,222
 
Avid Technology *
   
10,444
     
331,179
 
AvidXchange Holdings *
   
7,087
     
58,043
 
Axcelis Technologies *
   
9,325
     
507,746
 
AXT *
   
11,563
     
68,222
 
Badger Meter
   
8,206
     
662,142
 
Belden
   
12,682
     
654,772
 
Benchmark Electronics
   
10,071
     
239,287
 

The accompanying notes are an integral part of the financial statements.
132


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — continued
           
Benefitfocus *
   
7,087
   
$
75,477
 
BigCommerce Holdings *
   
13,801
     
246,624
 
Blackbaud *
   
13,428
     
778,958
 
Blackline *
   
15,293
     
1,025,396
 
Bottomline Technologies DE *
   
12,682
     
718,055
 
Box, Cl A *
   
38,792
     
1,187,811
 
Brightcove *
   
11,563
     
81,519
 
BTRS Holdings, Cl 1 *
   
26,856
     
180,472
 
CalAmp *
   
10,071
     
55,088
 
Calix *
   
15,666
     
625,230
 
Cambium Networks *
   
2,984
     
45,566
 
Cantaloupe *
   
16,412
     
89,774
 
Casa Systems *
   
8,952
     
43,865
 
Cass Information Systems
   
4,103
     
158,827
 
Cerence *
   
11,190
     
330,105
 
CEVA *
   
6,341
     
230,432
 
ChannelAdvisor *
   
8,206
     
119,069
 
Cleanspark *
   
11,190
     
72,623
 
Clearfield *
   
3,357
     
195,478
 
CMC Materials
   
8,206
     
1,468,135
 
Cohu *
   
13,428
     
356,648
 
CommVault Systems *
   
12,682
     
773,602
 
Comtech Telecommunications
   
7,460
     
101,456
 
Conduent *
   
47,728
     
268,709
 
Consensus Cloud Solutions *
   
4,476
     
235,975
 
CoreCard *
   
2,238
     
51,004
 
Corsair Gaming *
   
7,833
     
118,513
 
Couchbase *
   
6,714
     
114,138
 
Credo Technology Group Holding *
   
6,341
     
70,005
 
CS Disco *
   
4,476
     
137,458
 
CSG Systems International
   
8,952
     
550,279
 
CTS
   
8,952
     
316,632
 

The accompanying notes are an integral part of the financial statements.
133


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — continued
           
Daktronics *
   
10,444
   
$
34,987
 
Diebold Nixdorf *
   
20,515
     
84,111
 
Digi International *
   
9,698
     
183,486
 
Digimarc *
   
3,730
     
96,495
 
Digital Turbine *
   
25,737
     
814,576
 
DigitalOcean Holdings *
   
14,547
     
573,588
 
Diodes *
   
12,309
     
898,926
 
Domo, Cl B *
   
8,206
     
339,893
 
DZS *
   
4,849
     
58,624
 
E2open Parent Holdings *
   
56,323
     
435,940
 
Eastman Kodak *
   
12,682
     
65,566
 
Ebix
   
7,460
     
222,308
 
eGain *
   
5,968
     
61,769
 
EMCORE *
   
10,444
     
36,032
 
Enfusion, Cl A *
   
6,341
     
80,975
 
EngageSmart *
   
4,476
     
93,459
 
Envestnet *
   
15,293
     
1,217,935
 
ePlus *
   
7,460
     
421,341
 
E-Sports Technologies Inc *
   
3,730
     
13,614
 
EverCommerce *
   
8,579
     
106,208
 
Evo Payments, Cl A *
   
13,428
     
302,533
 
ExlService Holdings *
   
9,325
     
1,269,599
 
Extreme Networks *
   
36,181
     
347,338
 
FARO Technologies *
   
5,222
     
179,062
 
Flywire *
   
16,039
     
489,350
 
FormFactor *
   
22,007
     
838,687
 
Golden Nugget Online Gaming *
   
11,190
     
56,062
 
GreenBox POS *
   
5,222
     
18,851
 
Grid Dynamics Holdings *
   
13,055
     
181,726
 
GTY Technology Holdings *
   
9,309
     
56,692
 
Hackett Group
   
7,087
     
166,474
 
Harmonic *
   
25,737
     
213,617
 

The accompanying notes are an integral part of the financial statements.
134


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — continued
           
I3 Verticals, Cl A *
   
5,968
   
$
163,822
 
IBEX Holdings *
   
1,492
     
23,111
 
Ichor Holdings *
   
7,833
     
228,019
 
Identiv *
   
5,968
     
72,750
 
II-VI *
   
30,213
     
1,849,338
 
Impinj *
   
5,222
     
257,236
 
Infinera *
   
51,847
     
398,703
 
Inseego *
   
24,245
     
69,098
 
Insight Enterprises *
   
9,698
     
963,690
 
Instructure Holdings *
   
3,357
     
60,762
 
Intapp *
   
4,103
     
102,329
 
InterDigital
   
8,952
     
508,921
 
International Money Express *
   
9,325
     
185,288
 
Iteris *
   
11,936
     
30,795
 
Itron *
   
12,682
     
605,946
 
Kaltura *
   
15,666
     
24,282
 
Kimball Electronics *
   
6,714
     
119,778
 
Knowles *
   
24,991
     
462,833
 
Kopin *
   
22,007
     
35,211
 
KVH Industries *
   
4,476
     
35,674
 
Lattice Semiconductor *
   
38,419
     
1,845,649
 
Limelight Networks *
   
35,435
     
126,503
 
LivePerson *
   
18,650
     
421,863
 
LiveRamp Holdings *
   
18,650
     
584,118
 
Luna Innovations *
   
8,579
     
47,356
 
MACOM Technology Solutions Holdings *
   
14,174
     
722,165
 
Marathon Digital Holdings *
   
27,229
     
424,772
 
Maximus
   
17,531
     
1,277,659
 
MaxLinear, Cl A *
   
20,142
     
964,198
 
MeridianLink *
   
6,341
     
102,407
 
Meta Materials *
   
57,442
     
68,930
 
Methode Electronics
   
10,444
     
465,907
 

The accompanying notes are an integral part of the financial statements.
135


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — continued
           
MicroStrategy, Cl A *
   
2,611
   
$
924,738
 
MicroVision *
   
46,625
     
150,599
 
Mimecast *
   
17,531
     
1,396,870
 
Mitek Systems *
   
12,309
     
137,492
 
Model N *
   
10,444
     
269,873
 
Momentive Global *
   
37,673
     
595,987
 
MoneyGram International *
   
25,364
     
256,937
 
Napco Security Technologies *
   
8,206
     
143,605
 
NeoPhotonics *
   
14,920
     
225,889
 
NETGEAR *
   
8,206
     
178,070
 
NetScout Systems *
   
19,769
     
608,885
 
nLight *
   
12,309
     
161,863
 
Novanta *
   
10,071
     
1,296,138
 
NVE
   
1,492
     
69,199
 
ON24 *
   
7,833
     
99,244
 
OneSpan *
   
10,071
     
142,303
 
Onto Innovation *
   
13,801
     
981,803
 
OSI Systems *
   
4,849
     
383,556
 
Ouster *
   
36,181
     
119,759
 
PagerDuty *
   
23,499
     
671,366
 
PAR Technology *
   
7,087
     
234,154
 
Paya Holdings *
   
24,245
     
123,407
 
PC Connection *
   
2,984
     
147,678
 
PDF Solutions *
   
8,579
     
199,462
 
Perficient *
   
9,325
     
926,998
 
Photronics *
   
16,785
     
251,607
 
Ping Identity Holding *
   
17,158
     
448,339
 
Plantronics *
   
11,936
     
475,769
 
Plexus *
   
7,833
     
635,570
 
Power Integrations
   
16,785
     
1,342,800
 
Priority Technology Holdings *
   
3,357
     
16,114
 
Progress Software
   
12,309
     
590,586
 

The accompanying notes are an integral part of the financial statements.
136


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — continued
           
PROS Holdings *
   
11,190
   
$
312,537
 
Q2 Holdings *
   
15,666
     
810,402
 
Qualys *
   
9,698
     
1,321,643
 
Quantum *
   
16,785
     
31,388
 
Rackspace Technology *
   
15,666
     
154,937
 
Rambus *
   
30,959
     
771,189
 
Rapid7 *
   
16,039
     
1,532,045
 
Rekor Systems *
   
9,698
     
28,803
 
Remitly Global *
   
3,714
     
41,225
 
Repay Holdings, Cl A *
   
24,618
     
329,389
 
Ribbon Communications *
   
20,142
     
69,490
 
Rimini Street *
   
12,682
     
73,048
 
Riot Blockchain *
   
30,586
     
310,142
 
Rogers *
   
5,222
     
1,413,700
 
Sailpoint Technologies Holdings *
   
26,110
     
1,666,601
 
Sanmina *
   
17,904
     
732,095
 
ScanSource *
   
7,087
     
242,659
 
SecureWorks, Cl A *
   
2,611
     
28,825
 
Semtech *
   
18,277
     
1,089,309
 
ShotSpotter *
   
2,238
     
61,433
 
Silicon Laboratories *
   
10,817
     
1,459,321
 
SiTime *
   
4,476
     
754,519
 
SkyWater Technology *
   
2,238
     
13,697
 
SMART Global Holdings *
   
13,801
     
312,731
 
Smith Micro Software *
   
13,428
     
41,358
 
Sprout Social, Cl A *
   
12,682
     
777,153
 
SPS Commerce *
   
10,071
     
1,204,794
 
StarTek *
   
4,849
     
18,184
 
Stronghold Digital Mining, Cl A *
   
2,238
     
8,728
 
Sumo Logic *
   
25,364
     
237,914
 
SunPower, Cl A *
   
22,753
     
375,652
 
Super Micro Computer *
   
12,682
     
533,912
 

The accompanying notes are an integral part of the financial statements.
137


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — continued
           
Synaptics *
   
11,190
   
$
1,661,044
 
Telos *
   
11,190
     
87,170
 
Tenable Holdings *
   
26,110
     
1,442,055
 
TTEC Holdings
   
5,222
     
385,436
 
TTM Technologies *
   
29,467
     
411,065
 
Tucows, Cl A *
   
2,968
     
171,016
 
Turtle Beach *
   
4,476
     
74,481
 
Ultra Clean Holdings *
   
12,682
     
395,298
 
Unisys *
   
18,650
     
265,016
 
Upland Software *
   
8,206
     
122,434
 
UserTesting *
   
2,611
     
20,392
 
Varonis Systems, Cl B *
   
30,570
     
1,320,624
 
Veeco Instruments *
   
14,174
     
324,868
 
Velodyne Lidar *
   
21,634
     
40,672
 
Verint Systems *
   
18,277
     
997,193
 
Veritone *
   
8,206
     
88,871
 
Verra Mobility, Cl A *
   
43,268
     
607,050
 
Viant Technology, Cl A *
   
3,357
     
19,739
 
Viavi Solutions *
   
65,275
     
936,043
 
VirnetX Holding *
   
17,904
     
25,424
 
Vishay Intertechnology
   
38,030
     
708,499
 
Vishay Precision Group *
   
3,357
     
104,772
 
Vonage Holdings *
   
71,989
     
1,436,900
 
Weave Communications *
   
1,492
     
7,072
 
Workiva, Cl A *
   
12,309
     
1,187,942
 
Xperi Holding
   
29,840
     
465,504
 
Yext *
   
32,451
     
187,891
 
Zuora, Cl A *
   
32,078
     
390,389
 
             
90,493,877
 
 F                
                 
Materials — 2.2%
               
AdvanSix
   
7,833
     
348,882
 
Allegheny Technologies *
   
36,181
     
983,400
 

The accompanying notes are an integral part of the financial statements.
138


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Materials — continued
           
American Vanguard
   
8,206
   
$
175,608
 
Amyris *
   
50,355
     
172,718
 
Arconic *
   
30,213
     
760,159
 
Aspen Aerogels *
   
6,341
     
136,966
 
Avient
   
25,737
     
1,267,290
 
Balchem
   
9,325
     
1,148,840
 
Cabot
   
16,039
     
1,056,168
 
Carpenter Technology
   
13,428
     
512,681
 
Century Aluminum *
   
14,547
     
245,408
 
Chase
   
2,238
     
188,798
 
Clearwater Paper *
   
4,849
     
160,550
 
Coeur Mining *
   
72,735
     
264,028
 
Commercial Metals
   
33,943
     
1,391,663
 
Compass Minerals International
   
9,698
     
573,443
 
Constellium, Cl A *
   
35,435
     
591,410
 
Danimer Scientific *
   
25,737
     
100,889
 
Ecovyst *
   
16,785
     
168,857
 
FutureFuel
   
7,460
     
70,945
 
Gatos Silver *
   
13,055
     
44,126
 
GCP Applied Technologies *
   
19,023
     
596,752
 
Glatfelter
   
12,309
     
135,399
 
Greif, Cl A
   
7,460
     
452,673
 
Greif, Cl B
   
1,865
     
108,841
 
Hawkins
   
5,595
     
208,582
 
Haynes International
   
3,357
     
131,192
 
HB Fuller
   
14,920
     
995,164
 
Hecla Mining
   
151,049
     
786,965
 
Ingevity *
   
11,190
     
670,281
 
Innospec
   
7,087
     
675,462
 
Intrepid Potash *
   
2,984
     
228,515
 
Kaiser Aluminum
   
4,476
     
431,934
 
Koppers Holdings
   
5,968
     
144,784
 


The accompanying notes are an integral part of the financial statements.
139


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Materials — continued
           
Kronos Worldwide
   
6,341
   
$
96,510
 
Livent *
   
45,879
     
979,975
 
Marrone Bio Innovations *
   
28,721
     
33,316
 
Materion
   
5,968
     
508,175
 
Minerals Technologies
   
9,325
     
593,163
 
MP Materials *
   
21,634
     
822,957
 
Myers Industries
   
10,071
     
220,857
 
Neenah
   
4,849
     
171,655
 
O-I Glass *
   
44,371
     
598,121
 
Olympic Steel
   
2,611
     
89,636
 
Pactiv Evergreen
   
12,309
     
121,367
 
Perpetua Resources *
   
9,325
     
32,917
 
PureCycle Technologies *
   
16,412
     
128,014
 
Quaker Chemical
   
3,730
     
606,908
 
Ranpak Holdings, Cl A *
   
10,817
     
163,120
 
Rayonier Advanced Materials *
   
17,531
     
89,934
 
Ryerson Holding
   
4,849
     
178,492
 
Schnitzer Steel Industries, Cl A
   
7,460
     
340,400
 
Schweitzer-Mauduit International
   
8,952
     
225,232
 
Sensient Technologies
   
11,936
     
1,009,786
 
Stepan
   
5,968
     
609,392
 
Summit Materials, Cl A *
   
33,570
     
933,246
 
SunCoke Energy
   
23,499
     
195,512
 
TimkenSteel *
   
13,055
     
269,847
 
Tredegar
   
7,460
     
85,417
 
TriMas
   
12,309
     
363,608
 
Trinseo
   
11,190
     
530,965
 
Tronox Holdings
   
32,451
     
558,157
 
United States Lime & Minerals
   
746
     
81,694
 
US Ecology *
   
8,952
     
429,606
 
Valhi
   
746
     
23,730
 
Warrior Met Coal
   
14,547
     
495,616
 

The accompanying notes are an integral part of the financial statements.
140


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Materials — continued
           
Worthington Industries
   
9,325
   
$
443,590
 
Zymergen *
   
22,753
     
38,225
 
             
27,998,513
 
                 
                 
Real Estate — 4.3%
               
Acadia Realty Trust
   
24,618
     
515,009
 
Agree Realty
   
20,142
     
1,368,045
 
Alexander & Baldwin
   
20,515
     
434,918
 
Alexander’s
   
746
     
185,135
 
American Assets Trust
   
14,174
     
518,768
 
Apartment Investment and Management, Cl A ‡ *
   
42,895
     
270,239
 
Apple Hospitality REIT
   
60,799
     
1,075,534
 
Armada Hoffler Properties
   
19,023
     
257,762
 
Ashford Hospitality Trust ‡ *
   
4,849
     
34,185
 
Braemar Hotels & Resorts
   
16,396
     
99,360
 
Brandywine Realty Trust
   
48,117
     
561,525
 
Broadstone Net Lease, Cl A
   
44,760
     
926,084
 
BRT Apartments
   
3,357
     
73,485
 
CareTrust REIT
   
27,229
     
441,382
 
CatchMark Timber Trust, Cl A
   
13,801
     
113,306
 
Centerspace
   
4,103
     
378,543
 
Chatham Lodging Trust ‡ *
   
13,428
     
192,826
 
City Office REIT
   
12,293
     
182,428
 
Clipper Realty
   
3,357
     
29,978
 
Community Healthcare Trust
   
6,714
     
247,209
 
Corporate Office Properties Trust
   
32,078
     
856,162
 
CTO Realty Growth
   
1,492
     
95,145
 
Cushman & Wakefield *
   
39,538
     
707,730
 
DiamondRock Hospitality ‡ *
   
59,307
     
629,840
 
DigitalBridge Group ‡ *
   
137,814
     
959,185
 
Diversified Healthcare Trust
   
67,513
     
151,904
 
Douglas Elliman
   
20,515
     
124,321
 

The accompanying notes are an integral part of the financial statements.
141


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Real Estate — continued
           
Easterly Government Properties, Cl A
   
24,618
   
$
468,973
 
EastGroup Properties
   
11,563
     
2,168,062
 
Empire State Realty Trust, Cl A
   
40,657
     
351,276
 
Equity Commonwealth ‡ *
   
30,959
     
810,816
 
Essential Properties Realty Trust
   
34,316
     
823,584
 
eXp World Holdings
   
17,904
     
239,735
 
Farmland Partners
   
8,206
     
120,792
 
Fathom Holdings *
   
1,865
     
13,838
 
Forestar Group *
   
4,849
     
79,087
 
Four Corners Property Trust
   
22,007
     
604,312
 
Franklin Street Properties
   
28,721
     
148,200
 
FRP Holdings *
   
1,865
     
105,391
 
Getty Realty
   
11,563
     
311,160
 
Gladstone Commercial
   
10,444
     
219,742
 
Gladstone Land
   
8,952
     
325,853
 
Global Medical
   
17,158
     
253,252
 
Global Net Lease
   
29,467
     
413,422
 
Healthcare Realty Trust
   
41,776
     
1,131,294
 
Hersha Hospitality Trust, Cl A ‡ *
   
9,325
     
91,199
 
Independence Realty Trust
   
62,664
     
1,708,221
 
Indus Realty Trust
   
1,492
     
106,603
 
Industrial Logistics Properties Trust
   
18,277
     
295,356
 
Innovative Industrial Properties, Cl A
   
7,087
     
1,024,709
 
iStar
   
19,023
     
320,347
 
Kennedy-Wilson Holdings
   
33,570
     
757,004
 
Kite Realty Group Trust
   
61,545
     
1,372,454
 
LTC Properties
   
11,190
     
369,270
 
LXP Industrial Trust
   
79,449
     
997,085
 
Macerich
   
60,799
     
763,027
 
Marcus & Millichap
   
6,714
     
300,720
 
National Health Investors
   
12,309
     
634,283
 
National Storage Affiliates Trust
   
23,126
     
1,308,932
 

The accompanying notes are an integral part of the financial statements.
142


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Real Estate — continued
           
Necessity Retail REIT
   
35,419
   
$
264,580
 
NETSTREIT
   
11,190
     
241,928
 
Newmark Group, Cl A
   
47,744
     
580,090
 
NexPoint Residential Trust
   
6,341
     
565,364
 
Office Properties Income Trust
   
13,428
     
290,313
 
One Liberty Properties
   
4,476
     
128,237
 
Outfront Media
   
41,403
     
1,059,917
 
Paramount Group
   
52,966
     
503,707
 
Pebblebrook Hotel Trust
   
36,927
     
901,757
 
Phillips Edison ‡ *
   
32,451
     
1,098,791
 
Physicians Realty Trust
   
62,664
     
1,074,061
 
Piedmont Office Realty Trust, Cl A
   
35,062
     
564,498
 
Plymouth Industrial REIT
   
8,952
     
215,922
 
Postal Realty Trust, Cl A
   
4,849
     
81,609
 
PotlatchDeltic
   
18,650
     
1,033,024
 
Preferred Apartment Communities
   
14,920
     
371,210
 
PS Business Parks
   
5,595
     
1,047,384
 
Rafael Holdings, Cl B *
   
3,357
     
7,218
 
RE, Cl A
   
5,222
     
122,508
 
Realogy Holdings *
   
32,824
     
359,751
 
Redfin *
   
29,467
     
328,557
 
Retail Opportunity Investments
   
33,927
     
632,060
 
RLJ Lodging Trust
   
46,998
     
658,912
 
RMR Group, Cl A
   
4,476
     
122,105
 
RPT Realty
   
23,872
     
317,259
 
Ryman Hospitality Properties ‡ *
   
15,293
     
1,429,590
 
Sabra Health Care
   
64,902
     
758,055
 
Safehold
   
5,968
     
256,922
 
Saul Centers
   
3,357
     
173,255
 
Seritage Growth Properties ‡ *
   
10,444
     
103,396
 
Service Properties Trust
   
46,625
     
378,595
 
SITE Centers
   
49,236
     
782,852
 

The accompanying notes are an integral part of the financial statements.
143


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Real Estate — continued
           
St. Joe
   
9,325
   
$
496,183
 
STAG Industrial
   
50,728
     
1,893,169
 
Summit Hotel Properties ‡ *
   
29,467
     
290,839
 
Sunstone Hotel Investors ‡ *
   
61,918
     
758,496
 
Tanger Factory Outlet Centers
   
29,094
     
469,286
 
Tejon Ranch *
   
5,968
     
109,274
 
Terreno Realty
   
20,888
     
1,519,602
 
UMH Properties
   
12,309
     
289,508
 
Uniti Group
   
55,950
     
693,221
 
Universal Health Realty Income Trust
   
3,730
     
187,209
 
Urban Edge Properties
   
32,824
     
613,481
 
Urstadt Biddle Properties, Cl A
   
8,579
     
148,846
 
Veris Residential ‡ *
   
24,991
     
400,106
 
Washington Real Estate Investment Trust
   
23,872
     
575,076
 
Whitestone REIT, Cl B
   
13,055
     
158,618
 
Xenia Hotels & Resorts ‡ *
   
32,451
     
625,980
 
             
55,750,328
 
                 
                 
Utilities — 1.6%
               
ALLETE
   
14,920
     
885,353
 
American States Water
   
10,444
     
821,525
 
Artesian Resources, Cl A
   
2,238
     
104,067
 
Avista
   
20,142
     
817,161
 
Black Hills
   
18,277
     
1,338,607
 
Cadiz *
   
6,341
     
12,555
 
California Water Service Group
   
14,920
     
773,900
 
Chesapeake Utilities
   
4,849
     
606,949
 
Clearway Energy, Cl A
   
10,071
     
286,218
 
Clearway Energy, Cl C
   
23,126
     
706,037
 
Global Water Resources
   
3,730
     
53,414
 
MGE Energy
   
10,444
     
813,274
 
Middlesex Water
   
4,849
     
431,319
 
New Jersey Resources
   
27,602
     
1,191,302
 

The accompanying notes are an integral part of the financial statements.
144


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Utilities — continued
           
Northwest Natural Holding
   
8,579
   
$
410,334
 
NorthWestern
   
15,293
     
866,960
 
ONE Gas
   
14,920
     
1,258,800
 
Ormat Technologies
   
13,039
     
1,013,130
 
Otter Tail
   
11,563
     
670,191
 
PNM Resources
   
24,245
     
1,131,272
 
Portland General Electric
   
25,721
     
1,217,375
 
Pure Cycle *
   
5,595
     
58,468
 
SJW Group
   
7,833
     
462,147
 
South Jersey Industries
   
29,094
     
994,724
 
Southwest Gas Holdings
   
18,650
     
1,643,252
 
Spire
   
14,547
     
1,058,294
 
Sunnova Energy International *
   
24,602
     
424,877
 
Unitil
   
4,476
     
228,276
 
Via Renewables, Cl A
   
3,357
     
23,969
 
York Water
   
3,730
     
144,276
 
             
20,448,026
 
                 
                 
TOTAL UNITED STATES
           
683,010,777
 
TOTAL COMMON STOCK
               
(Cost $718,398,247)
           
696,042,293
 
                 
EXCHANGE TRADED FUND — 45.9%
               
Vanguard Russell 2000 ETF (Cost $629,354,775 )
   
7,875,305
     
588,206,531
 






The accompanying notes are an integral part of the financial statements.
145


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 


   
Number of
Rights/ Number of Contracts
   
Value
 
RIGHTS* — 0.0%
           
United States — 0.0%
           
Pulse Biosciences Inc#  (Cost $–) 
   
176
   
$
 
                 
TOTAL INVESTMENTS — 100.2%
               
(Cost $1,347,753,022)
         
$
1,284,248,824
 
                 
                 
           
Value
 
WRITTEN OPTIONS— (0.4)%(1)
               
UNITED STATES— (0.4)%
               
(Premiums Received  $(36,166,352))
   
(6,877
)
 
$
(4,917,055
)


Percentages are based on Net Assets of $1,281,308,494.

A list of the exchange traded option contracts held by the Fund at April 30, 2022, is as follows:

Description
 
Number of Contracts
   
Notional Amount
   
Exercise Price
 
Expiration Date
 
Value
 
WRITTEN OPTIONS— (0.4)%
                         
Call Options
                         
Russell 2000 Index*
   
(6,877
)
 
$
(1,389,154,000
)
 
$
2,020.00
 
05/20/22
 
$
(4,917,055
)



*
Non-income producing security.
#
Expiration unavailable.
Real Estate Investment Trust
(1)
Refer to table below for details on Options Contracts.
(A)
All or a portion of these securities has been segregated as collateral for writtenoptions contracts. The aggregate market value of collateral at April 30, 2022 was $1,284,248,824.


Cl — Class
ETF — Exchange Traded Fund
REIT — Real Estate Investment Trust





The accompanying notes are an integral part of the financial statements.
146


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Russell 2000 Covered Call ETF
 


The following is a summary of the level of inputs used as of April 30, 2022, in valuing the Fund’s investments carried at value:

Investments in Securities
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Common Stock
 
$
696,042,293
   
$
   
$
   
$
696,042,293
 
Exchange Traded Fund
   
588,206,531
     
     
     
588,206,531
 
Right
   
     
     
     
 
Total Investments in Securities
 
$
1,284,248,824
   
$
   
$
   
$
1,284,248,824
 


Other Financial Instruments
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Written Options
 
$
(4,917,055
)
 
$
   
$
   
$
(4,917,055
)
Total Other Financial Instruments
 
$
(4,917,055
)
 
$
   
$
   
$
(4,917,055
)


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






The accompanying notes are an integral part of the financial statements.
147


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Dow 30® Covered Call ETF
 


   
Shares
   
Value
 
COMMON STOCK — 100.7%(A)
           
UNITED STATES — 100.7%
           
Communication Services — 3.2%
           
Verizon Communications
   
2,350
   
$
108,805
 
Walt Disney *
   
2,350
     
262,331
 
             
371,136
 
                 
                 
Consumer Discretionary — 13.6%
               
Home Depot
   
2,350
     
705,940
 
McDonald’s
   
2,350
     
585,526
 
NIKE, Cl B
   
2,350
     
293,045
 
             
1,584,511
 
                 
                 
Consumer Staples — 8.5%
               
Coca-Cola
   
2,350
     
151,833
 
Procter & Gamble
   
2,350
     
377,293
 
Walgreens Boots Alliance
   
2,350
     
99,640
 
Walmart
   
2,350
     
359,527
 
             
988,293
 
                 
                 
Energy — 3.2%
               
Chevron
   
2,350
     
368,175
 


The accompanying notes are an integral part of the financial statements.
148


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Dow 30® Covered Call ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Financials — 15.5%
           
American Express
   
2,350
   
$
410,568
 
Goldman Sachs Group
   
2,350
     
717,902
 
JPMorgan Chase
   
2,350
     
280,496
 
Travelers
   
2,350
     
401,991
 
             
1,810,957
 
                 
                 
Health Care — 20.3%
               
Amgen
   
2,350
     
547,996
 
Johnson & Johnson
   
2,350
     
424,081
 
Merck
   
2,350
     
208,421
 
UnitedHealth Group
   
2,350
     
1,195,093
 
             
2,375,591
 
                 
                 
Industrials — 14.0%
               
3Mmmm
   
2,350
     
338,917
 
Boeing *
   
2,350
     
349,774
 
Caterpillar
   
2,350
     
494,769
 
Honeywell International
   
2,350
     
454,748
 
             
1,638,208
 
                 
                 
Information Technology — 21.1%
               
Apple
   
2,350
     
370,477
 
Cisco Systems
   
2,350
     
115,103
 
Intel
   
2,350
     
102,436
 
International Business Machines
   
2,350
     
310,694
 
Microsoft
   
2,350
     
652,172
 
Salesforce *
   
2,350
     
413,459
 
Visa, Cl A
   
2,350
     
500,856
 
             
2,465,197
 
                 
                 
Materials — 1.3%
               
Dow
   
2,350
     
156,275
 
                 
                 
TOTAL UNITED STATES
           
11,758,343
 



The accompanying notes are an integral part of the financial statements.
149


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Dow 30® Covered Call ETF
 


COMMON STOCK — continued
 
Number of Contracts
   
Value
 
TOTAL COMMON STOCK
       
(Cost $12,154,435)
   
$
11,758,343
 
TOTAL INVESTMENTS — 100.7%
         
(Cost $12,154,435)
   
$
11,758,343
 
           
           
      
Value
 
WRITTEN OPTIONS— (0.7)%(1)
         
UNITED STATES— (0.7)%
         
(Premiums Received  $(193,673))
(356)
 
$
(83,660
)


Percentages are based on Net Assets of $11,680,628.

A list of the exchange traded option contracts held by the Fund at April 30, 2022, is as:

Description
 
Number of Contracts
   
Notional
Amount
   
Exercise Price
 
Expiration Date
 
Value
 
WRITTEN OPTIONS — (0.7)%
                         
Call Options
                         
Dow Jones Industrial Average*
   
(356
)
 
$
(12,353,200
)
 
$
347.00
 
05/20/22
 
$
(83,660
)


*
Non-income producing security.
(1)
Refer to table below for details on Options Contracts.
(A)
All or a portion of these securities has been segregated as collateral for writtenoptions contracts. The aggregate market value of collateral at April 30, 2022 was$11,758,343.


Cl — Class





The accompanying notes are an integral part of the financial statements.
150


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Dow 30® Covered Call ETF
 


The following is a summary of the level of inputs used as of April 30, 2022, in valuing the Fund’s investments carried at value:

Investments in Securities
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Common Stock
 
$
11,758,343
   
$
   
$
   
$
11,758,343
 
Total Investments in Securities
 
$
11,758,343
   
$
   
$
   
$
11,758,343
 


Other Financial Instruments
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Written Options
 
$
(83,660
)
 
$
   
$
   
$
(83,660
)
Total Other Financial Instruments
 
$
(83,660
)
 
$
   
$
   
$
(83,660
)


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






The accompanying notes are an integral part of the financial statements.
151


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Nasdaq 100® Covered Call & Growth ETF
 

   
Shares
   
Value
 
COMMON STOCK — 100.1%(A)
           
BRAZIL — 0.4%
           
Consumer Discretionary — 0.4%
           
MercadoLibre *
   
251
   
$
244,381
 
                 
                 
CHINA — 1.3%
               
Communication Services — 0.4%
               
Baidu ADR *
   
1,183
     
146,893
 
NetEase ADR
   
1,062
     
101,241
 
             
248,134
 
                 
                 
Consumer Discretionary — 0.5%
               
JD.com ADR *
   
2,992
     
184,487
 
Pinduoduo ADR *
   
2,137
     
92,083
 
             
276,570
 
                 
                 
Information Technology — 0.4%
               
NXP Semiconductors
   
1,365
     
233,278
 
                 
                 
TOTAL CHINA
           
757,982
 
NETHERLANDS — 0.4%
               
Information Technology — 0.4%
               
ASML Holding, Cl G
   
421
     
237,347
 

The accompanying notes are an integral part of the financial statements.
152


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Nasdaq 100® Covered Call & Growth ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
UNITED KINGDOM — 0.3%
           
Health Care — 0.3%
           
AstraZeneca ADR
   
2,880
   
$
191,232
 
                 
                 
UNITED STATES — 97.7%
               
Communication Services — 16.0%
               
Activision Blizzard
   
3,919
     
296,276
 
Alphabet, Cl A *
   
919
     
2,097,333
 
Alphabet, Cl C *
   
962
     
2,211,956
 
Charter Communications, Cl A *
   
873
     
374,072
 
Comcast, Cl A
   
22,994
     
914,241
 
Electronic Arts
   
1,400
     
165,270
 
Match Group *
   
1,372
     
108,594
 
Meta Platforms, Cl A *
   
10,586
     
2,122,175
 
Netflix *
   
2,261
     
430,404
 
Sirius XM Holdings
   
20,557
     
123,342
 
T-Mobile US *
   
6,287
     
774,181
 
             
9,617,844
 
                 
                 
Consumer Discretionary — 15.3%
               
Airbnb, Cl A *
   
1,860
     
284,971
 
Amazon.com *
   
1,558
     
3,872,611
 
Booking Holdings *
   
206
     
455,324
 
Dollar Tree *
   
1,144
     
185,843
 
eBay
   
2,953
     
153,320
 
Lucid Group *
   
8,035
     
145,273
 
Lululemon Athletica *
   
637
     
225,899
 
Marriott International, Cl A
   
1,619
     
287,405
 
O’Reilly Automotive *
   
334
     
202,588
 
Ross Stores
   
1,816
     
181,182
 
Starbucks
   
5,807
     
433,434
 
Tesla *
   
3,162
     
2,753,343
 
             
9,181,193
 

The accompanying notes are an integral part of the financial statements.
153


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Nasdaq 100® Covered Call & Growth ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Staples — 6.3%
           
Costco Wholesale
   
2,254
   
$
1,198,497
 
Keurig Dr Pepper
   
7,246
     
271,000
 
Kraft Heinz
   
6,186
     
263,709
 
Mondelez International, Cl A
   
6,966
     
449,168
 
Monster Beverage *
   
2,708
     
232,022
 
PepsiCo
   
7,032
     
1,207,465
 
Walgreens Boots Alliance
   
4,356
     
184,694
 
             
3,806,555
 
                 
                 
Health Care — 5.7%
               
Align Technology *
   
410
     
118,863
 
Amgen
   
2,828
     
659,462
 
Biogen *
   
721
     
149,564
 
Dexcom *
   
486
     
198,570
 
Gilead Sciences
   
6,308
     
374,317
 
IDEXX Laboratories *
   
444
     
191,133
 
Illumina *
   
781
     
231,684
 
Intuitive Surgical *
   
1,800
     
430,740
 
Moderna *
   
2,027
     
272,449
 
Regeneron Pharmaceuticals *
   
539
     
355,260
 
Seagen *
   
914
     
119,743
 
Vertex Pharmaceuticals *
   
1,306
     
356,825
 
             
3,458,610
 
                 
                 
Industrials — 3.4%
               
Cintas
   
511
     
203,000
 
Copart *
   
1,167
     
132,630
 
CSX
   
11,204
     
384,745
 
Fastenal
   
2,916
     
161,284
 
Honeywell International
   
3,432
     
664,126
 
Old Dominion Freight Line
   
565
     
158,268
 
PACCAR
   
1,790
     
148,660
 
Verisk Analytics, Cl A
   
803
     
163,852
 
             
2,016,565
 

The accompanying notes are an integral part of the financial statements.
154


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Nasdaq 100® Covered Call & Growth ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — 49.7%
           
Adobe *
   
2,403
   
$
951,468
 
Advanced Micro Devices *
   
8,265
     
706,823
 
Analog Devices
   
2,642
     
407,872
 
ANSYS *
   
449
     
123,785
 
Apple
   
49,886
     
7,864,528
 
Applied Materials
   
4,503
     
496,906
 
Atlassian, Cl A *
   
711
     
159,854
 
Autodesk *
   
1,131
     
214,076
 
Automatic Data Processing
   
2,094
     
456,869
 
Broadcom
   
2,079
     
1,152,577
 
Cadence Design Systems *
   
1,386
     
209,078
 
Cisco Systems
   
20,935
     
1,025,396
 
Cognizant Technology Solutions, Cl A
   
2,630
     
212,767
 
Crowdstrike Holdings, Cl A *
   
1,052
     
209,095
 
Datadog, Cl A *
   
1,332
     
160,879
 
DocuSign, Cl A *
   
1,072
     
86,832
 
Fiserv *
   
3,343
     
327,347
 
Fortinet *
   
819
     
236,699
 
Intel
   
20,477
     
892,592
 
Intuit
   
1,416
     
592,950
 
KLA
   
753
     
240,403
 
Lam Research
   
712
     
331,621
 
Marvell Technology
   
4,249
     
246,782
 
Microchip Technology
   
2,754
     
179,561
 
Micron Technology
   
5,719
     
389,979
 
Microsoft
   
22,918
     
6,360,203
 
NVIDIA
   
10,758
     
1,995,286
 
Okta, Cl A *
   
738
     
88,051
 
Palo Alto Networks *
   
493
     
276,711
 
Paychex
   
1,843
     
233,563
 
PayPal Holdings *
   
5,860
     
515,270
 
QUALCOMM
   
5,665
     
791,344
 

The accompanying notes are an integral part of the financial statements.
155


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Nasdaq 100® Covered Call & Growth ETF
 

   
Shares/Number of Contracts
   
Value
 
COMMON STOCK — continued
           
Information Technology — continued
           
Skyworks Solutions
   
876
   
$
99,251
 
Splunk *
   
848
     
103,473
 
Synopsys *
   
757
     
217,100
 
Texas Instruments
   
4,646
     
790,981
 
VeriSign *
   
540
     
96,493
 
Workday, Cl A *
   
970
     
200,499
 
Zoom Video Communications, Cl A *
   
1,216
     
121,077
 
Zscaler *
   
710
     
143,945
 
             
29,909,986
 
                 
                 
Utilities — 1.3%
               
American Electric Power
   
2,526
     
250,352
 
Constellation Energy
   
1,613
     
95,506
 
Exelon
   
4,993
     
233,572
 
Xcel Energy
   
2,743
     
200,952
 
             
780,382
 
                 
                 
TOTAL UNITED STATES
           
58,771,135
 
TOTAL COMMON STOCK
               
(Cost $70,136,815)
           
60,202,077
 
TOTAL INVESTMENTS — 100.1%
               
(Cost $70,136,815)
         
$
60,202,077
 
                 
                 
           
Value
 
WRITTEN OPTIONS— (0.2)%(1)
               
UNITED STATES— (0.2)%
               
(Premiums Received  $(949,118))
   
(37
)
 
$
(119,740
)
TOTAL WRITTEN OPTIONS
               


Percentages are based on Net Assets of $60,144,308.


The accompanying notes are an integral part of the financial statements.
156


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Nasdaq 100® Covered Call & Growth ETF
 


A list of the exchange traded option contracts held by the Fund at April 30, 2022, is as follows:

Description
 
Number of Contracts
   
Notional Amount
   
Exercise Price
 
Expiration Date
 
Value
 
WRITTEN OPTIONS — (0.2)%
                         
Call Options
                         
Nasdaq-100 Index*
   
(20
)
 
$
(28,100,000
)
 
$
14,050.00
 
05/20/22
 
$
(100,700
)
Nasdaq-100® Reduced-Value Index*
   
(17
)
   
(4,777,000
)
   
2,810.00
 
05/20/22
   
(19,040
)
Total Written Options
         
$
(32,877,000
)
            
$
(119,740
)


*
Non-income producing security.
(1)
Refer to table below for details on Options Contracts.
(A)
All or a portion of these securities has been segregated as collateral for writtenoptions contracts. The aggregate market value of collateral at April 30, 2022 was$60,202,077.


ADR — American Depositary Receipt
Cl — Class


The following is a summary of the level of inputs used as of April 30, 2022, in valuing the Fund’s investments carried at value:

Investments in Securities
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Common Stock
 
$
60,202,077
   
$
   
$
   
$
60,202,077
 
Total Investments in Securities
 
$
60,202,077
   
$
   
$
   
$
60,202,077
 


Other Financial Instruments
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Written Options
 
$
(119,740
)
 
$
   
$
   
$
(119,740
)
Total Other Financial Instruments
 
$
(119,740
)
 
$
   
$
   
$
(119,740
)


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



The accompanying notes are an integral part of the financial statements.
157


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call & Growth ETF
 

 
   
Shares
   
Value
 
COMMON STOCK — 99.9%(A)
           
CHINA — 0.1%
           
Information Technology — 0.1%
           
NXP Semiconductors
   
256
   
$
43,750
 
                 
                 
SWITZERLAND — 0.1%
               
Information Technology — 0.1%
               
TE Connectivity
   
324
     
40,429
 
                 
                 
UNITED KINGDOM — 0.5%
               
Materials — 0.5%
               
Linde
   
522
     
162,843
 
                 
                 
UNITED STATES — 99.2%
               
Communication Services — 8.6%
               
Activision Blizzard
   
790
     
59,724
 
Alphabet, Cl A *
   
302
     
689,221
 
Alphabet, Cl C *
   
280
     
643,812
 
AT&T
   
7,215
     
136,075
 
Charter Communications, Cl A *
   
128
     
54,847
 
Comcast, Cl A
   
4,587
     
182,379
 

The accompanying notes are an integral part of the financial statements.
158


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call & Growth ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Communication Services — continued
           
DISH Network, Cl A *
   
252
   
$
7,184
 
Electronic Arts
   
251
     
29,631
 
Fox, Cl A
   
377
     
13,512
 
Fox, Cl B
   
129
     
4,288
 
Interpublic Group
   
381
     
12,428
 
Live Nation Entertainment *
   
126
     
13,215
 
Lumen Technologies
   
1,004
     
10,100
 
Match Group *
   
272
     
21,529
 
Meta Platforms, Cl A *
   
2,331
     
467,296
 
Netflix *
   
437
     
83,187
 
News, Cl A
   
381
     
7,567
 
News, Cl B
   
127
     
2,529
 
Omnicom Group
   
250
     
19,032
 
Paramount Global, Cl B
   
628
     
18,287
 
Take-Two Interactive Software *
   
125
     
14,939
 
T-Mobile US *
   
619
     
76,224
 
Twitter *
   
858
     
42,059
 
Verizon Communications
   
4,219
     
195,340
 
Walt Disney *
   
1,846
     
206,069
 
Warner Bros Discovery *
   
2,167
     
39,331
 
             
3,049,805
 
                 
                 
Consumer Discretionary — 11.5%
               
Advance Auto Parts
   
82
     
16,370
 
Amazon.com *
   
445
     
1,106,105
 
Aptiv *
   
255
     
27,132
 
AutoZone *
   
21
     
41,065
 
Bath & Body Works
   
252
     
13,328
 
Best Buy
   
249
     
22,393
 
Booking Holdings *
   
40
     
88,412
 
BorgWarner
   
249
     
9,171
 
Caesars Entertainment *
   
244
     
16,172
 
CarMax *
   
191
     
16,384
 

The accompanying notes are an integral part of the financial statements.
159


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call & Growth ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Discretionary — continued
           
Carnival *
   
831
   
$
14,376
 
Chipotle Mexican Grill, Cl A *
   
24
     
34,935
 
Darden Restaurants
   
127
     
16,730
 
Dollar General
   
251
     
59,620
 
Dollar Tree *
   
250
     
40,612
 
Domino’s Pizza
   
42
     
14,196
 
DR Horton
   
369
     
25,679
 
eBay
   
625
     
32,450
 
Etsy *
   
124
     
11,556
 
Expedia Group *
   
127
     
22,193
 
Ford Motor
   
4,042
     
57,235
 
Garmin
   
130
     
14,266
 
General Motors *
   
1,490
     
56,486
 
Genuine Parts
   
129
     
16,776
 
Hasbro
   
128
     
11,272
 
Hilton Worldwide Holdings
   
251
     
38,978
 
Home Depot
   
1,066
     
320,226
 
Las Vegas Sands *
   
375
     
13,286
 
Lennar, Cl A
   
251
     
19,199
 
LKQ
   
256
     
12,705
 
Lowe’s
   
676
     
133,665
 
Marriott International, Cl A
   
252
     
44,735
 
McDonald’s
   
754
     
187,867
 
MGM Resorts International
   
384
     
15,759
 
Mohawk Industries *
   
38
     
5,360
 
Newell Brands
   
380
     
8,797
 
NIKE, Cl B
   
1,280
     
159,616
 
Norwegian Cruise Line Holdings *
   
371
     
7,431
 
NVR *
   
3
     
13,129
 
O’Reilly Automotive *
   
72
     
43,672
 
Penn National Gaming *
   
131
     
4,791
 
Pool
   
46
     
18,640
 

The accompanying notes are an integral part of the financial statements.
160


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call & Growth ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Discretionary — continued
           
PulteGroup
   
254
   
$
10,607
 
PVH
   
59
     
4,294
 
Ralph Lauren, Cl A
   
78
     
8,139
 
Ross Stores
   
374
     
37,314
 
Royal Caribbean Cruises *
   
246
     
19,122
 
Starbucks
   
1,175
     
87,702
 
Tapestry
   
256
     
8,428
 
Target
   
504
     
115,240
 
Tesla *
   
844
     
734,921
 
TJX
   
1,255
     
76,906
 
Tractor Supply
   
125
     
25,181
 
Ulta Beauty *
   
53
     
21,030
 
Under Armour, Cl A *
   
238
     
3,656
 
Under Armour, Cl C *
   
249
     
3,533
 
VF
   
375
     
19,500
 
Whirlpool
   
73
     
13,251
 
Wynn Resorts *
   
123
     
8,669
 
Yum! Brands
   
285
     
33,348
 
             
4,063,611
 
                 
                 
Consumer Staples — 6.9%
               
Altria Group
   
1,884
     
104,694
 
Archer-Daniels-Midland
   
599
     
53,646
 
Brown-Forman, Cl B
   
233
     
15,714
 
Campbell Soup
   
248
     
11,711
 
Church & Dwight
   
252
     
24,585
 
Clorox
   
124
     
17,790
 
Coca-Cola
   
3,966
     
256,243
 
Colgate-Palmolive
   
872
     
67,188
 
Conagra Brands
   
505
     
17,640
 
Constellation Brands, Cl A
   
157
     
38,636
 
Costco Wholesale
   
451
     
239,806
 
Estee Lauder, Cl A
   
231
     
60,998
 

The accompanying notes are an integral part of the financial statements.
161


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call & Growth ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Staples — continued
           
General Mills
   
625
   
$
44,206
 
Hershey
   
127
     
28,673
 
Hormel Foods
   
256
     
13,412
 
J M Smucker
   
125
     
17,116
 
Kellogg
   
254
     
17,399
 
Kimberly-Clark
   
310
     
43,037
 
Kraft Heinz
   
671
     
28,605
 
Kroger
   
750
     
40,470
 
Lamb Weston Holdings
   
129
     
8,527
 
McCormick
   
251
     
25,243
 
Molson Coors Beverage, Cl B
   
238
     
12,885
 
Mondelez International, Cl A
   
1,327
     
85,565
 
Monster Beverage *
   
375
     
32,130
 
PepsiCo
   
1,412
     
242,455
 
Philip Morris International
   
1,591
     
159,100
 
Procter & Gamble
   
2,440
     
391,742
 
Sysco
   
501
     
42,825
 
Tyson Foods, Cl A
   
258
     
24,035
 
Walgreens Boots Alliance
   
757
     
32,097
 
Walmart
   
1,459
     
223,212
 
             
2,421,385
 
                 
                 
Energy — 4.2%
               
APA
   
380
     
15,553
 
Baker Hughes, Cl A
   
787
     
24,413
 
Chevron
   
1,945
     
304,723
 
ConocoPhillips
   
1,363
     
130,194
 
Coterra Energy
   
707
     
20,355
 
Devon Energy
   
612
     
35,600
 
Diamondback Energy
   
173
     
21,838
 
EOG Resources
   
622
     
72,625
 
Exxon Mobil
   
4,278
     
364,699
 
Halliburton
   
894
     
31,844
 

The accompanying notes are an integral part of the financial statements.
162


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call & Growth ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Energy — continued
           
Hess
   
252
   
$
25,974
 
Kinder Morgan
   
2,011
     
36,500
 
Marathon Oil
   
866
     
21,581
 
Marathon Petroleum
   
635
     
55,410
 
Occidental Petroleum
   
883
     
48,644
 
ONEOK
   
501
     
31,728
 
Phillips 66
   
484
     
41,992
 
Pioneer Natural Resources
   
250
     
58,117
 
Schlumberger
   
1,480
     
57,735
 
Valero Energy
   
384
     
42,808
 
Williams
   
1,264
     
43,343
 
             
1,485,676
 
                 
                 
Financials — 11.0%
               
Aflac
   
632
     
36,201
 
Allstate
   
262
     
33,154
 
American Express
   
648
     
113,212
 
American International Group
   
879
     
51,430
 
Ameriprise Financial
   
124
     
32,921
 
Aon, Cl A
   
224
     
64,510
 
Arthur J Gallagher
   
201
     
33,867
 
Assurant
   
39
     
7,093
 
Bank of America
   
7,238
     
258,252
 
Bank of New York Mellon
   
689
     
28,979
 
Berkshire Hathaway, Cl B *
   
1,851
     
597,558
 
BlackRock, Cl A
   
141
     
88,080
 
Brown & Brown
   
234
     
14,503
 
Capital One Financial
   
394
     
49,100
 
Cboe Global Markets
   
125
     
14,123
 
Charles Schwab
   
1,502
     
99,628
 
Chubb
   
454
     
93,728
 
Cincinnati Financial
   
125
     
15,333
 
Citigroup
   
2,018
     
97,288
 

The accompanying notes are an integral part of the financial statements.
163


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call & Growth ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Financials — continued
           
Citizens Financial Group
   
485
   
$
19,109
 
CME Group, Cl A
   
374
     
82,033
 
Comerica
   
127
     
10,401
 
Discover Financial Services
   
288
     
32,389
 
Everest Re Group
   
27
     
7,417
 
FactSet Research Systems
   
44
     
17,754
 
Fifth Third Bancorp
   
729
     
27,359
 
First Republic Bank
   
163
     
24,323
 
Franklin Resources
   
254
     
6,246
 
Globe Life
   
124
     
12,162
 
Goldman Sachs Group
   
329
     
100,506
 
Hartford Financial Services Group
   
379
     
26,503
 
Huntington Bancshares
   
1,454
     
19,120
 
Intercontinental Exchange
   
551
     
63,811
 
Invesco
   
380
     
6,984
 
JPMorgan Chase
   
2,975
     
355,096
 
KeyCorp
   
994
     
19,194
 
Lincoln National
   
141
     
8,481
 
Loews
   
252
     
15,836
 
M&T Bank
   
188
     
31,328
 
MarketAxess Holdings
   
26
     
6,854
 
Marsh & McLennan
   
504
     
81,497
 
MetLife
   
756
     
49,654
 
Moody’s
   
153
     
48,421
 
Morgan Stanley
   
1,483
     
119,515
 
MSCI, Cl A
   
85
     
35,806
 
Nasdaq
   
125
     
19,671
 
Northern Trust
   
177
     
18,240
 
PNC Financial Services Group
   
445
     
73,915
 
Principal Financial Group
   
254
     
17,308
 
Progressive
   
627
     
67,315
 
Prudential Financial
   
381
     
41,342
 

The accompanying notes are an integral part of the financial statements.
164


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call & Growth ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Financials — continued
           
Raymond James Financial
   
167
   
$
16,276
 
Regions Financial
   
1,009
     
20,907
 
S&P Global
   
357
     
134,411
 
Signature Bank NY
   
59
     
14,293
 
State Street
   
377
     
25,248
 
SVB Financial Group *
   
56
     
27,308
 
Synchrony Financial
   
551
     
20,282
 
T Rowe Price Group
   
206
     
25,346
 
Travelers
   
252
     
43,107
 
Truist Financial
   
1,384
     
66,916
 
US Bancorp
   
1,386
     
67,304
 
W R Berkley
   
177
     
11,769
 
Wells Fargo
   
3,932
     
171,553
 
Willis Towers Watson
   
127
     
27,287
 
Zions Bancorp
   
132
     
7,459
 
             
3,874,016
 
                 
                 
Health Care — 14.1%
               
Abbott Laboratories
   
1,809
     
205,321
 
AbbVie
   
1,804
     
264,972
 
ABIOMED *
   
32
     
9,171
 
Agilent Technologies
   
316
     
37,689
 
Align Technology *
   
77
     
22,323
 
AmerisourceBergen, Cl A
   
125
     
18,911
 
Amgen
   
566
     
131,986
 
Anthem
   
245
     
122,973
 
Baxter International
   
499
     
35,459
 
Becton Dickinson
   
281
     
69,460
 
Biogen *
   
144
     
29,871
 
Bio-Rad Laboratories, Cl A *
   
15
     
7,681
 
Bio-Techne
   
43
     
16,327
 
Boston Scientific *
   
1,474
     
62,070
 
Bristol-Myers Squibb
   
2,147
     
161,605
 

The accompanying notes are an integral part of the financial statements.
165


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call & Growth ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Health Care — continued
           
Cardinal Health
   
250
   
$
14,512
 
Catalent *
   
157
     
14,218
 
Centene *
   
624
     
50,263
 
Cerner
   
295
     
27,624
 
Charles River Laboratories International *
   
59
     
14,249
 
Cigna
   
338
     
83,412
 
Cooper
   
35
     
12,636
 
CVS Health
   
1,323
     
127,180
 
Danaher
   
645
     
161,979
 
DaVita *
   
91
     
9,862
 
DENTSPLY SIRONA
   
243
     
9,718
 
Dexcom *
   
106
     
43,309
 
Edwards Lifesciences *
   
629
     
66,536
 
Eli Lilly
   
792
     
231,367
 
Gilead Sciences
   
1,251
     
74,234
 
HCA Healthcare
   
252
     
54,067
 
Henry Schein *
   
129
     
10,462
 
Hologic *
   
254
     
18,285
 
Humana
   
126
     
56,015
 
IDEXX Laboratories *
   
87
     
37,452
 
Illumina *
   
144
     
42,718
 
Incyte *
   
230
     
17,241
 
Intuitive Surgical *
   
345
     
82,558
 
IQVIA Holdings *
   
180
     
39,238
 
Johnson & Johnson
   
2,651
     
478,399
 
Laboratory Corp of America Holdings
   
93
     
22,346
 
McKesson
   
147
     
45,513
 
Medtronic
   
1,381
     
144,121
 
Merck
   
2,541
     
225,361
 
Mettler-Toledo International *
   
23
     
29,383
 
Moderna *
   
365
     
49,060
 
Molina Healthcare *
   
60
     
18,807
 

The accompanying notes are an integral part of the financial statements.
166


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call & Growth ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Health Care — continued
           
Organon
   
251
   
$
8,115
 
PerkinElmer
   
125
     
18,326
 
Pfizer
   
5,716
     
280,484
 
Quest Diagnostics
   
127
     
16,998
 
Regeneron Pharmaceuticals *
   
109
     
71,843
 
ResMed
   
141
     
28,196
 
STERIS
   
94
     
21,061
 
Stryker
   
336
     
81,063
 
Teleflex
   
51
     
14,567
 
Thermo Fisher Scientific
   
396
     
218,956
 
UnitedHealth Group
   
947
     
481,597
 
Universal Health Services, Cl B
   
47
     
5,759
 
Vertex Pharmaceuticals *
   
252
     
68,851
 
Viatris, Cl W *
   
1,239
     
12,799
 
Waters *
   
67
     
20,302
 
West Pharmaceutical Services
   
75
     
23,629
 
Zimmer Biomet Holdings
   
241
     
29,101
 
Zoetis, Cl A
   
456
     
80,826
 
             
4,990,417
 
                 
                 
Industrials — 7.8%
               
3M
   
579
     
83,503
 
Alaska Air Group *
   
127
     
6,907
 
Allegion
   
123
     
14,051
 
American Airlines Group *
   
624
     
11,712
 
AMETEK
   
249
     
31,439
 
AO Smith
   
127
     
7,421
 
Boeing *
   
576
     
85,732
 
Carrier Global
   
870
     
33,295
 
Caterpillar
   
551
     
116,007
 
CH Robinson Worldwide
   
127
     
13,481
 
Cintas
   
99
     
39,329
 
Copart *
   
189
     
21,480
 

The accompanying notes are an integral part of the financial statements.
167


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call & Growth ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Industrials — continued
           
CSX
   
2,104
   
$
72,251
 
Cummins
   
128
     
24,216
 
Deere
   
279
     
105,336
 
Delta Air Lines *
   
625
     
26,894
 
Dover
   
127
     
16,929
 
Eaton
   
379
     
54,963
 
Emerson Electric
   
626
     
56,453
 
Equifax
   
125
     
25,440
 
Expeditors International of Washington
   
200
     
19,814
 
Fastenal
   
617
     
34,126
 
FedEx
   
249
     
49,486
 
Fortive
   
369
     
21,217
 
Fortune Brands Home & Security
   
127
     
9,049
 
Generac Holdings *
   
65
     
14,260
 
General Dynamics
   
250
     
59,132
 
General Electric
   
1,121
     
83,571
 
Honeywell International
   
681
     
131,780
 
Howmet Aerospace
   
381
     
13,000
 
Huntington Ingalls Industries
   
26
     
5,531
 
IDEX
   
90
     
17,084
 
Illinois Tool Works
   
280
     
55,191
 
Ingersoll Rand
   
379
     
16,661
 
Jacobs Engineering Group
   
127
     
17,596
 
JB Hunt Transport Services
   
78
     
13,326
 
Johnson Controls International
   
749
     
44,843
 
L3Harris Technologies
   
218
     
50,633
 
Leidos Holdings
   
127
     
13,146
 
Lockheed Martin
   
251
     
108,462
 
Masco
   
254
     
13,383
 
Nielsen Holdings
   
379
     
10,161
 
Nordson
   
65
     
14,020
 
Norfolk Southern
   
252
     
64,986
 

The accompanying notes are an integral part of the financial statements.
168


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call & Growth ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Industrials — continued
           
Northrop Grumman
   
145
   
$
63,713
 
Old Dominion Freight Line
   
103
     
28,852
 
Otis Worldwide
   
402
     
29,282
 
PACCAR
   
373
     
30,978
 
Parker-Hannifin
   
125
     
33,852
 
Pentair
   
131
     
6,648
 
Quanta Services
   
127
     
14,729
 
Raytheon Technologies
   
1,502
     
142,555
 
Republic Services, Cl A
   
201
     
26,988
 
Robert Half International
   
125
     
12,289
 
Rockwell Automation
   
125
     
31,584
 
Rollins
   
251
     
8,419
 
Snap-On
   
37
     
7,862
 
Southwest Airlines *
   
630
     
29,434
 
Stanley Black & Decker
   
153
     
18,383
 
Textron
   
251
     
17,382
 
Trane Technologies
   
248
     
34,693
 
TransDigm Group *
   
51
     
30,335
 
Union Pacific
   
661
     
154,866
 
United Airlines Holdings *
   
371
     
18,735
 
United Parcel Service, Cl B
   
739
     
133,005
 
United Rentals *
   
69
     
21,840
 
Verisk Analytics, Cl A
   
152
     
31,016
 
Waste Management
   
381
     
62,652
 
Westinghouse Air Brake Technologies
   
158
     
14,206
 
WW Grainger
   
49
     
24,501
 
Xylem
   
164
     
13,202
 
             
2,769,298
 
                 
                 
Information Technology — 27.1%
               
Accenture, Cl A
   
640
     
192,230
 
Adobe *
   
467
     
184,909
 
Advanced Micro Devices *
   
1,612
     
137,858
 

The accompanying notes are an integral part of the financial statements.
169


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call & Growth ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — continued
           
Akamai Technologies *
   
130
   
$
14,596
 
Amphenol, Cl A
   
627
     
44,831
 
Analog Devices
   
510
     
78,734
 
ANSYS *
   
99
     
27,293
 
Apple
   
15,674
     
2,471,006
 
Applied Materials
   
872
     
96,225
 
Arista Networks *
   
213
     
24,616
 
Autodesk *
   
219
     
41,452
 
Automatic Data Processing
   
416
     
90,763
 
Broadcom
   
419
     
232,289
 
Broadridge Financial Solutions
   
125
     
18,016
 
Cadence Design Systems *
   
254
     
38,316
 
CDW
   
127
     
20,724
 
Ceridian HCM Holding *
   
130
     
7,297
 
Cisco Systems
   
4,299
     
210,565
 
Citrix Systems *
   
125
     
12,513
 
Cognizant Technology Solutions, Cl A
   
501
     
40,531
 
Corning
   
754
     
26,533
 
DXC Technology *
   
254
     
7,290
 
Enphase Energy *
   
124
     
20,014
 
EPAM Systems *
   
52
     
13,780
 
F5 *
   
41
     
6,864
 
Fidelity National Information Services
   
625
     
61,969
 
Fiserv *
   
623
     
61,004
 
FleetCor Technologies *
   
95
     
23,704
 
Fortinet *
   
127
     
36,704
 
Gartner *
   
96
     
27,893
 
Global Payments
   
284
     
38,902
 
Hewlett Packard Enterprise
   
1,377
     
21,220
 
HP
   
967
     
35,421
 
Intel
   
4,161
     
181,378
 
International Business Machines
   
907
     
119,915
 

The accompanying notes are an integral part of the financial statements.
170


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call & Growth ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — continued
           
Intuit
   
294
   
$
123,113
 
IPG Photonics *
   
57
     
5,385
 
Jack Henry & Associates
   
88
     
16,683
 
Juniper Networks
   
375
     
11,820
 
Keysight Technologies *
   
192
     
26,932
 
KLA
   
147
     
46,931
 
Lam Research
   
140
     
65,206
 
Mastercard, Cl A
   
881
     
320,138
 
Microchip Technology
   
509
     
33,187
 
Micron Technology
   
1,134
     
77,327
 
Microsoft
   
7,588
     
2,105,822
 
Monolithic Power Systems
   
54
     
21,181
 
Motorola Solutions
   
158
     
33,763
 
NetApp
   
250
     
18,313
 
NortonLifeLock
   
629
     
15,750
 
NVIDIA
   
2,512
     
465,901
 
Oracle
   
1,560
     
114,504
 
Paychex
   
313
     
39,667
 
Paycom Software *
   
53
     
14,918
 
PayPal Holdings *
   
1,180
     
103,757
 
PTC *
   
121
     
13,819
 
Qorvo *
   
125
     
14,223
 
QUALCOMM
   
1,129
     
157,710
 
Roper Technologies
   
105
     
49,342
 
Salesforce *
   
995
     
175,060
 
Seagate Technology Holdings
   
173
     
14,193
 
ServiceNow *
   
203
     
97,054
 
Skyworks Solutions
   
154
     
17,448
 
SolarEdge Technologies *
   
64
     
16,026
 
Synopsys *
   
146
     
41,871
 
Teledyne Technologies *
   
35
     
15,104
 
Teradyne
   
131
     
13,815
 

The accompanying notes are an integral part of the financial statements.
171


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call & Growth ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — continued
           
Texas Instruments
   
919
   
$
156,460
 
Trimble *
   
252
     
16,808
 
Tyler Technologies *
   
50
     
19,736
 
VeriSign *
   
93
     
16,618
 
Visa, Cl A
   
1,694
     
361,042
 
Western Digital *
   
350
     
18,575
 
Zebra Technologies, Cl A *
   
53
     
19,592
 
             
9,562,149
 
                 
                 
Materials — 2.4%
               
Air Products & Chemicals
   
220
     
51,495
 
Albemarle
   
125
     
24,104
 
Amcor
   
1,634
     
19,379
 
Avery Dennison
   
95
     
17,157
 
Ball
   
369
     
29,948
 
Celanese, Cl A
   
125
     
18,367
 
CF Industries Holdings
   
250
     
24,207
 
Corteva
   
750
     
43,267
 
Dow
   
754
     
50,141
 
DuPont de Nemours
   
504
     
33,229
 
Eastman Chemical
   
127
     
13,039
 
Ecolab
   
249
     
42,166
 
FMC
   
127
     
16,833
 
Freeport-McMoRan
   
1,506
     
61,068
 
International Flavors & Fragrances
   
252
     
30,568
 
International Paper
   
381
     
17,633
 
LyondellBasell Industries, Cl A
   
254
     
26,932
 
Martin Marietta Materials
   
66
     
23,379
 
Mosaic
   
377
     
23,532
 
Newmont
   
861
     
62,724
 
Nucor
   
254
     
39,314
 
Packaging Corp of America
   
123
     
19,824
 
PPG Industries
   
249
     
31,869
 


The accompanying notes are an integral part of the financial statements.
172


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call & Growth ETF
 


   
Shares
   
Value
 
COMMON STOCK — continued
           
Materials — continued
           
Sealed Air
   
129
   
$
8,283
 
Sherwin-Williams
   
250
     
68,740
 
Vulcan Materials
   
127
     
21,881
 
Westrock
   
255
     
12,630
 
             
831,709
 
                 
                 
Real Estate — 2.8%
               
Alexandria Real Estate Equities
   
125
     
22,770
 
American Tower, Cl A
   
442
     
106,531
 
AvalonBay Communities
   
125
     
28,435
 
Boston Properties
   
128
     
15,053
 
Camden Property Trust
   
200
     
31,378
 
CBRE Group, Cl A *
   
369
     
30,642
 
Crown Castle International
   
408
     
75,566
 
Digital Realty Trust
   
259
     
37,845
 
Duke Realty
   
379
     
20,750
 
Equinix
   
92
     
66,155
 
Equity Residential
   
369
     
30,073
 
Essex Property Trust
   
57
     
18,768
 
Extra Space Storage
   
127
     
24,130
 
Federal Realty Investment Trust
   
60
     
7,024
 
Healthpeak Properties
   
521
     
17,094
 
Host Hotels & Resorts
   
756
     
15,385
 
Iron Mountain
   
257
     
13,809
 
Kimco Realty
   
571
     
14,463
 
Mid-America Apartment Communities
   
125
     
24,585
 
ProLogis
   
754
     
120,859
 
Public Storage
   
146
     
54,239
 
Realty Income
   
519
     
35,998
 
Regency Centers
   
129
     
8,879
 
SBA Communications, Cl A
   
106
     
36,794
 
Simon Property Group
   
325
     
38,350
 
UDR
   
266
     
14,154
 

The accompanying notes are an integral part of the financial statements.
173


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call & Growth ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Real Estate — continued
           
Ventas
   
379
   
$
21,053
 
Vornado Realty Trust
   
129
     
4,994
 
Welltower
   
435
     
39,502
 
Weyerhaeuser
   
760
     
31,327
 
             
1,006,605
 
                 
                 
Utilities — 2.8%
               
AES
   
721
     
14,723
 
Alliant Energy
   
253
     
14,879
 
Ameren
   
252
     
23,411
 
American Electric Power
   
503
     
49,852
 
American Water Works
   
190
     
29,275
 
Atmos Energy
   
123
     
13,948
 
CenterPoint Energy
   
625
     
19,131
 
CMS Energy
   
257
     
17,653
 
Consolidated Edison
   
375
     
34,778
 
Constellation Energy
   
333
     
19,717
 
Dominion Energy
   
761
     
62,128
 
DTE Energy
   
183
     
23,980
 
Duke Energy
   
761
     
83,832
 
Edison International
   
372
     
25,590
 
Entergy
   
169
     
20,086
 
Evergy
   
251
     
17,030
 
Eversource Energy
   
374
     
32,688
 
Exelon
   
1,004
     
46,967
 
FirstEnergy
   
588
     
25,466
 
NextEra Energy
   
1,989
     
141,259
 
NiSource
   
382
     
11,124
 
NRG Energy
   
252
     
9,047
 
Pinnacle West Capital
   
125
     
8,900
 
PPL
   
769
     
21,770
 
Public Service Enterprise Group
   
506
     
35,248
 
Sempra Energy
   
312
     
50,344
 

The accompanying notes are an integral part of the financial statements.
174


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call & Growth ETF
 

   
Shares/Number of Contracts
   
Value
 
COMMON STOCK — continued
           
Utilities — continued
           
Southern
   
1,077
   
$
79,041
 
WEC Energy Group
   
302
     
30,215
 
Xcel Energy
   
518
     
37,949
 
             
1,000,031
 
                 
                 
TOTAL UNITED STATES
           
35,054,702
 
TOTAL COMMON STOCK
               
(Cost $38,494,497)
           
35,301,724
 
TOTAL INVESTMENTS — 99.9%
               
(Cost $38,494,497)
         
$
35,301,724
 
                 
                 
           
Value
 
WRITTEN OPTIONS— (0.1)%(1)
               
UNITED STATES— (0.1)%
               
(Premiums Received  $(378,527))
   
(76
)
 
$
(42,709
)
TOTAL WRITTEN OPTIONS
               


Percentages are based on Net Assets of $35,329,782.

A list of the exchange traded option contracts held by the Fund at April 30, 2022, is as follows:


Description
 
Number of Contracts
   
Notional Amount
   
Exercise Price
 
Expiration Date
 
Value
 
WRITTEN OPTIONS — (0.1)%
                         
Call Options
                         
Mini-SPX Index*
   
(37
)
 
$
(1,639,100
)
 
$
443.00
 
05/20/22
 
$
(3,904
)
S&P 500 Index*
   
(39
)
   
(17,277,000
)
   
4,430.00
 
05/20/22
   
(38,805
)
Total Written Options
         
$
(18,916,100
)
            
$
(42,709
)


*
Non-income producing security.
Real Estate Investment Trust
(1)
Refer to table below for details on Options Contracts.





The accompanying notes are an integral part of the financial statements.
175


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Covered Call & Growth ETF
 


(A)
All or a portion of these securities has been segregated as collateral for writtenoptions contracts. The aggregate market value of collateral at April 30, 2022 was$35,301,724.


Cl — Class
S&P — Standard & Poor’s

The following is a summary of the level of inputs used as of April 30, 2022, in valuing the Fund’s investments carried at value:

Investments in Securities
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Common Stock
 
$
35,301,724
   
$
   
$
   
$
35,301,724
 
Total Investments in Securities
 
$
35,301,724
   
$
   
$
   
$
35,301,724
 


Other Financial Instruments
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Written Options
 
$
(42,709
)
 
$
   
$
   
$
(42,709
)
Total Other Financial Instruments
 
$
(42,709
)
 
$
   
$
   
$
(42,709
)


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






The accompanying notes are an integral part of the financial statements.
176


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X SuperIncome™ Preferred ETF
 

 
   
Shares
   
Value
 
PREFERRED STOCK — 99.5%
           
UNITED STATES— 99.5%
           
Communication Services — 4.5%
           
Paramount Global, 5.750% (A)
   
68,874
   
$
2,958,138
 
Telephone and Data Systems, 6.625%
   
112,736
     
2,667,334
 
Telephone and Data Systems, 6.000%
   
180,514
     
3,651,798
 
             
9,277,270
 
Consumer Discretionary — 3.4%
               
Qurate Retail, 8.000%
   
84,982
     
6,924,333
 
Consumer Staples — 1.7%
               
CHS, Ser 3, 6.750%, ICE LIBOR USD 3 Month + 4.155% (B)
   
133,073
     
3,523,773
 
Energy — 6.2%
               
Crestwood Equity Partners, 9.250%
   
484,529
     
4,796,837
 
Energy Transfer, 7.600%, ICE LIBOR USD 3 Month + 5.161% (B)
   
215,022
     
5,203,532
 

The accompanying notes are an integral part of the financial statements.
177


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X SuperIncome™ Preferred ETF
 

   
Shares
   
Value
 
PREFERRED STOCK — continued
           
Energy — continued
           
Energy Transfer, 7.375%, ICE LIBOR USD 3 Month + 4.530% (B)
   
120,366
   
$
2,861,100
 
             
12,861,469
 
Financials — 66.7%
               
AGNC Investment, 6.500%, ICE LIBOR USD 3 Month + 4.993% ‡,(B)
   
110,910
     
2,657,404
 
AGNC Investment, 6.125%, ICE LIBOR USD 3 Month + 4.697% ‡,(B)
   
158,423
     
3,662,740
 
Allstate, 5.625%
   
156,399
     
3,823,956
 
American International Group, 5.850%
   
133,039
     
3,292,715
 
Annaly Capital Management, 6.950%, ICE LIBOR USD 3 Month + 4.993% ‡,(B)
   
194,826
     
4,837,530
 
Annaly Capital Management, 6.750%, ICE LIBOR USD 3 Month + 4.989% ‡,(B)
   
121,117
     
2,996,435
 
Annaly Capital Management, 6.500%, ICE LIBOR USD 3 Month + 4.172% ‡,(B)
   
115,346
     
2,676,027
 
Apollo Asset Management, 6.375%
   
74,370
     
1,849,582
 
Athene Holding, 6.350%, ICE LIBOR USD 3 Month + 4.253% (B)
   
232,528
     
5,917,838
 
Bank of America, 6.000%
   
255,802
     
6,400,166
 
Bank of America, 5.875% (A)
   
163,108
     
3,992,884
 
Brighthouse Financial, 5.375%
   
152,305
     
3,260,850
 
Charles Schwab, 5.950%
   
204,484
     
5,157,086
 
Citigroup, Ser J, 7.125%, ICE LIBOR USD 3 Month + 4.040% (B)
   
81,425
     
2,125,192
 
Citigroup, 6.875%, ICE LIBOR USD 3 Month + 4.130% (B)
   
128,411
     
3,405,460
 
Citigroup Capital XIII, 7.609%, ICE LIBOR USD 3 Month + 6.370% (B)
   
189,850
     
5,146,833
 
Citizens Financial Group, 6.350%, ICE LIBOR USD 3 Month + 3.642% (B)
   
79,635
     
2,060,157
 
Fifth Third Bancorp, 6.625%, ICE LIBOR USD 3 Month + 3.710% (B)
   
122,457
     
3,170,412
 

The accompanying notes are an integral part of the financial statements.
178


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X SuperIncome™ Preferred ETF
 

   
Shares
   
Value
 
PREFERRED STOCK — continued
           
Financials — continued
           
Goldman Sachs Group, 6.375%, ICE LIBOR USD 3 Month + 3.550% (B)
   
186,301
   
$
4,769,306
 
JPMorgan Chase, 6.000%
   
216,679
     
5,427,809
 
JPMorgan Chase, 5.750%
   
200,466
     
4,921,440
 
Morgan Stanley, Ser E, 7.125%, ICE LIBOR USD 3 Month + 4.320% (B)
   
127,848
     
3,340,668
 
Morgan Stanley, Ser F, 6.875%, ICE LIBOR USD 3 Month + 3.940% (B)
   
126,678
     
3,293,628
 
Morgan Stanley, 6.375%, ICE LIBOR USD 3 Month + 3.708% (B)
   
148,990
     
3,878,210
 
New Residential Investment, 7.000%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 6.223% ‡,(B)
   
125,720
     
2,944,362
 
New Residential Investment, 6.375%, ICE LIBOR USD 3 Month + 4.969% ‡,(B)
   
109,517
     
2,344,759
 
New York Community Bancorp, 6.375%, ICE LIBOR USD 3 Month + 3.821% (B)
   
134,011
     
3,446,763
 
PNC Financial Services Group, 5.353%, ICE LIBOR USD 3 Month + 4.067% (B)
   
407,478
     
10,231,773
 
Regions Financial, Ser B, 6.375%, ICE LIBOR USD 3 Month + 3.536% (B)
   
132,249
     
3,398,799
 
Reinsurance Group of America, 6.200%, ICE LIBOR USD 3 Month + 4.370% (B)
   
108,510
     
2,758,324
 
State Street, 5.900%, ICE LIBOR USD 3 Month + 3.108% (B)
   
202,009
     
5,090,627
 
Synchrony Financial, 5.625%
   
198,424
     
4,103,408
 
Wells Fargo, 6.625%, ICE LIBOR USD 3 Month + 3.690% (B)
   
108,767
     
2,855,134
 
Wells Fargo, 5.850%, ICE LIBOR USD 3 Month + 3.090% (B)
   
221,820
     
5,410,190
 
Wells Fargo, 5.625%
   
88,854
     
2,096,954
 
             
136,745,421
 
Health Care — 5.1%
               
Becton Dickinson, 6.000%
   
202,921
     
10,371,292
 

The accompanying notes are an integral part of the financial statements.
179


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X SuperIncome™ Preferred ETF
 

   
Shares/Face Amount
   
Value
 
PREFERRED STOCK — continued
           
Industrials — 5.0%
           
Clarivate, 5.250%
   
94,307
   
$
6,085,631
 
WESCO International, 10.625%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 10.325% (B)
   
146,781
     
4,190,598
 
             
10,276,229
 
Real Estate — 1.8%
               
Brookfield Property Preferred, 6.250%
   
181,055
     
3,778,618
 
Utilities — 5.1%
               
Duke Energy, 5.750%
   
267,565
     
6,967,393
 
NiSource, 6.500%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.632% (B)
   
133,413
     
3,491,418
 
             
10,458,811
 
TOTAL UNITED STATES
           
204,217,216
 
TOTAL PREFERRED STOCK
               
(Cost $217,106,825)
           
204,217,216
 
SHORT-TERM INVESTMENT(C)(D) — 0.7%
               
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.160%
               
(Cost $1,373,523) 
   
1,373,523
     
1,373,523
 
                 
REPURCHASE AGREEMENT(C) — 0.5%
               
BNP Paribas
               
0.240%, dated 04/29/2022, to be repurchased on 05/02/2022, repurchase price $984,892 (collateralized by various U.S. Treasury Obligations, ranging in par value $78,434 - $105,460, 0.250%, 09/30/2025, with a total market value of $1,003,956)
               
(Cost $984,872) 
 
$
984,872
     
984,872
 
TOTAL INVESTMENTS — 100.7%
               
(Cost $219,465,220)
         
$
206,575,611
 







The accompanying notes are an integral part of the financial statements.
180


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X SuperIncome™ Preferred ETF
 


Percentages are based on Net Assets of $205,102,403.

*
Non-income producing security.
Real Estate Investment Trust
(A)
This security or a partial position of this security is on loan at April 30, 2022.  The total value of securities on loan at April 30, 2022 was $2,307,309.
(B)
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.
(C)
Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2022 was $2,358,395.
(D)
The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2022.


Cl — Class
ICE —  Intercontinental Exchange
LIBOR — London Interbank Offered Rate
Ser — Series
USD — U.S. Dollar

The following is a summary of the level of inputs used as of April 30, 2022, in valuing the Fund’s investments carried at value:

Investments in Securities
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Preferred Stock
 
$
204,217,216
   
$
   
$
   
$
204,217,216
 
Short-Term Investment
   
1,373,523
     
     
     
1,373,523
 
Repurchase Agreement
   
     
984,872
     
     
984,872
 
Total Investments in Securities
 
$
205,590,739
   
$
984,872
   
$
   
$
206,575,611
 


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





The accompanying notes are an integral part of the financial statements.
181


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Renewable Energy Producers ETF
 

 
   
Shares
   
Value
 
COMMON STOCK — 94.2%
           
AUSTRIA — 6.1%
           
Utilities — 6.1%
           
Verbund
   
67,791
   
$
7,308,964
 
                 
                 
BRAZIL — 9.4%
               
Utilities — 9.4%
               
Centrais Eletricas Brasileiras
   
830,506
     
6,788,676
 
Engie Brasil Energia
   
525,561
     
4,446,712
 
                 
                 
TOTAL BRAZIL
           
11,235,388
 
CANADA — 8.7%
               
Utilities — 8.7%
               
Boralex, Cl A
   
65,943
     
1,986,984
 
Innergex Renewable Energy
   
123,933
     
1,667,891
 
Northland Power
   
145,863
     
4,424,794
 
TransAlta Renewables
   
171,725
     
2,394,382
 
                 
                 
TOTAL CANADA
           
10,474,051
 
CHINA — 5.6%
               
Utilities — 5.6%
               
China Longyuan Power Group, Cl H
   
2,151,000
     
4,227,350
 
Xinyi Energy Holdings
   
4,571,600
     
2,476,284
 
                 
                 
TOTAL CHINA
           
6,703,634
 

The accompanying notes are an integral part of the financial statements.
182


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Renewable Energy Producers ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
DENMARK — 5.9%
           
Utilities — 5.9%
           
Orsted
   
62,564
   
$
7,035,156
 
                 
                 
FRANCE — 3.2%
               
Utilities — 3.2%
               
Albioma
   
20,721
     
1,105,006
 
Neoen
   
68,879
     
2,775,768
 
                 
                 
TOTAL FRANCE
           
3,880,774
 
GERMANY — 1.9%
               
Utilities — 1.9%
               
Encavis
   
103,117
     
2,279,015
 
                 
                 
GREECE — 1.2%
               
Utilities — 1.2%
               
Terna Energy
   
74,057
     
1,387,529
 
                 
                 
HONG KONG — 0.5%
               
Utilities — 0.5%
               
Concord New Energy Group
   
5,905,200
     
549,416
 
                 
                 
INDIA — 1.7%
               
Utilities — 1.7%
               
Azure Power Global * (A)
   
41,668
     
585,435
 
ReNew Energy Global, Cl A *
   
184,698
     
1,473,890
 
                 
                 
TOTAL INDIA
           
2,059,325
 
ISRAEL — 2.0%
               
Utilities — 2.0%
               
Energix-Renewable Energies
   
332,607
     
1,139,696
 
Enlight Renewable Energy *
   
598,122
     
1,297,895
 
                 
                 
TOTAL ISRAEL
           
2,437,591
 
ITALY — 4.3%
               
Utilities — 4.3%
               
ERG
   
96,741
     
3,357,681
 

The accompanying notes are an integral part of the financial statements.
183


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Renewable Energy Producers ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Utilities — continued
           
Falck Renewables *
   
187,352
   
$
1,746,215
 
                 
                 
TOTAL ITALY
           
5,103,896
 
JAPAN — 1.5%
               
Utilities — 1.5%
               
RENOVA *
   
51,177
     
638,725
 
West Holdings
   
29,438
     
1,186,063
 
                 
                 
TOTAL JAPAN
           
1,824,788
 
NEW ZEALAND — 9.4%
               
Utilities — 9.4%
               
Contact Energy
   
501,356
     
2,661,820
 
Mercury NZ
   
877,323
     
3,450,732
 
Meridian Energy
   
1,659,097
     
5,104,218
 
                 
                 
TOTAL NEW ZEALAND
           
11,216,770
 
RUSSIA — 0.3%
               
Utilities — 0.3%
               
RusHydro PJSC *(B)(C)(D)
   
271,804,543
     
308,013
 
RusHydro PJSC ADR (B)(C)(D)
   
196,668
     
22,287
 
                 
                 
TOTAL RUSSIA
           
330,300
 
SOUTH AFRICA — 1.1%
               
Utilities — 1.1%
               
Scatec
   
102,033
     
1,264,933
 
                 
                 
SPAIN — 9.7%
               
Utilities — 9.7%
               
Atlantica Sustainable Infrastructure
   
71,321
     
2,203,819
 
EDP Renovaveis
   
319,252
     
7,625,055
 
Solaria Energia y Medio Ambiente *
   
79,964
     
1,798,517
 
                 
                 
TOTAL SPAIN
           
11,627,391
 

The accompanying notes are an integral part of the financial statements.
184


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Renewable Energy Producers ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
THAILAND — 7.4%
           
Utilities — 7.4%
           
Absolute Clean Energy NVDR
   
6,610,239
   
$
602,159
 
BCPG NVDR
   
1,849,483
     
664,194
 
Energy Absolute NVDR
   
2,404,105
     
6,212,067
 
Gunkul Engineering NVDR
   
5,772,495
     
977,532
 
Super Energy NVDR
   
17,422,052
     
442,545
 
                 
                 
TOTAL THAILAND
           
8,898,497
 
UNITED KINGDOM — 2.2%
               
Utilities — 2.2%
               
Drax Group
   
256,763
     
2,604,702
 
                 
                 
UNITED STATES — 12.1%
               
Energy — 4.8%
               
Enviva
   
39,269
     
3,311,948
 
Gevo * (A)
   
128,720
     
477,551
 
Renewable Energy Group *
   
32,287
     
1,971,444
 
             
5,760,943
 
                 
                 
Industrials — 2.2%
               
Sunrun *
   
134,471
     
2,686,730
 
                 
                 
Utilities — 5.1%
               
NextEra Energy Partners
   
49,349
     
3,289,604
 
Ormat Technologies
   
36,028
     
2,799,376
 
             
6,088,980
 
                 
                 
TOTAL UNITED STATES
           
14,536,653
 
TOTAL COMMON STOCK
               
(Cost $130,520,847)
           
112,758,773
 
                 

The accompanying notes are an integral part of the financial statements.
185


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Renewable Energy Producers ETF
 

   
Shares/Face Amount
   
Value
 
MASTER LIMITED PARTNERSHIP — 5.3%
           
CANADA— 5.3%
           
Utilities — 5.3%
           
Brookfield Renewable Partners, Cl A (Cost $5,109,277)
   
178,217
   
$
6,307,073
 
                 
SHORT-TERM INVESTMENT(E)(F) — 0.4%
               
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.160%
               
(Cost $488,409) 
   
488,409
     
488,409
 
                 
REPURCHASE AGREEMENT(E) — 0.3%
               
BNP Paribas
               
0.240%, dated 04/29/2022, to be repurchased on 05/02/2022, repurchase price $350,217 (collateralized by various U.S. Treasury Obligations, ranging in par value $27,890 - $37,500, 0.250%, 09/30/2025, with a total market value of $356,992)
               
(Cost $350,210) 
 
$
350,210
     
350,210
 
TOTAL INVESTMENTS — 100.2%
               
(Cost $136,468,743)
         
$
119,904,465
 


Percentages are based on Net Assets of $119,648,580.

*
Non-income producing security.
(A)
This security or a partial position of this security is on loan at April 30, 2022.  The total value of securities on loan at April 30, 2022 was $813,146.
(B)
Level 3 security in accordance with fair value hierarchy.
(C)
Security considered illiquid. The total value of such securities as of April 30, 2022 was $330,300 and represented 0.3% of Net Assets.
(D)
Security is fair valued using methods determined in good faith by the Fair Value Committee of the Fund. The total value of such securities as of April 30, 2022, was $330,300 and represents 0.30% of Net Assets.







The accompanying notes are an integral part of the financial statements.
186


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Renewable Energy Producers ETF
 


(E)
Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2022 was $838,619.
(F)
The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2022.


ADR — American Depositary Receipt
Cl — Class
NVDR  — Non-Voting Depositary Receipt
PJSC — Public Joint Stock Company

The following is a summary of the level of inputs used as of April 30, 2022, in valuing the Fund’s investments carried at value:

Investments in Securities
 
Level 1
   
Level 2
   
Level 3(1)
   
Total
 
Common Stock
 
$
108,166,094
   
$
4,262,379
   
$
330,300
   
$
112,758,773
 
Master Limited Partnership
   
6,307,073
     
     
     
6,307,073
 
Short-Term Investment
   
488,409
     
     
     
488,409
 
Repurchase Agreement
   
     
350,210
     
     
350,210
 
Total Investments in Securities
 
$
114,961,576
   
$
4,612,589
   
$
330,300
   
$
119,904,465
 


(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 beginning and/or end of the year 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.








The accompanying notes are an integral part of the financial statements.
187


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Catholic Values ETF
 


   
Shares
   
Value
 
COMMON STOCK — 99.8%
           
CHINA — 0.1%
           
Information Technology — 0.1%
           
NXP Semiconductors
   
4,587
   
$
783,919
 
                 
                 
SWITZERLAND — 0.1%
               
Information Technology — 0.1%
               
TE Connectivity
   
5,672
     
707,752
 
                 
                 
UNITED KINGDOM — 0.5%
               
Materials — 0.5%
               
Linde
   
8,623
     
2,690,031
 
                 
                 
UNITED STATES — 99.1%
               
Communication Services — 8.7%
               
Activision Blizzard
   
13,322
     
1,007,143
 
Alphabet, Cl A *
   
5,149
     
11,750,996
 
Alphabet, Cl C *
   
4,756
     
10,935,614
 
AT&T
   
121,562
     
2,292,659
 
Charter Communications, Cl A *
   
2,084
     
892,973
 
Comcast, Cl A
   
77,874
     
3,096,270
 

The accompanying notes are an integral part of the financial statements.
188


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Catholic Values ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Communication Services — continued
           
DISH Network, Cl A *
   
4,655
   
$
132,714
 
Electronic Arts
   
4,845
     
571,952
 
Fox, Cl A
   
4,390
     
157,338
 
Fox, Cl B
   
2,864
     
95,199
 
Interpublic Group
   
7,318
     
238,713
 
Lumen Technologies
   
18,074
     
181,825
 
Match Group *
   
4,531
     
358,629
 
Meta Platforms, Cl A *
   
39,470
     
7,912,551
 
Netflix *
   
7,542
     
1,435,695
 
News, Cl A
   
7,215
     
143,290
 
News, Cl B
   
2,259
     
44,977
 
Omnicom Group
   
3,570
     
271,784
 
Paramount Global, Cl B
   
10,299
     
299,907
 
Take-Two Interactive Software *
   
2,154
     
257,425
 
T-Mobile US *
   
10,171
     
1,252,457
 
Twitter *
   
14,066
     
689,515
 
Verizon Communications
   
70,717
     
3,274,197
 
Walt Disney *
   
31,127
     
3,474,707
 
Warner Bros Discovery *
   
37,954
     
688,865
 
             
51,457,395
 
                 
                 
Consumer Discretionary — 11.6%
               
Advance Auto Parts
   
917
     
183,061
 
Amazon.com *
   
7,585
     
18,853,504
 
Aptiv *
   
4,950
     
526,680
 
AutoZone *
   
338
     
660,949
 
Bath & Body Works
   
4,529
     
239,539
 
Best Buy
   
3,416
     
307,201
 
Booking Holdings *
   
727
     
1,606,895
 
BorgWarner
   
4,068
     
149,824
 
CarMax *
   
2,737
     
234,780
 
Carnival *
   
13,671
     
236,508
 
Chipotle Mexican Grill, Cl A *
   
499
     
726,349
 

The accompanying notes are an integral part of the financial statements.
189


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Catholic Values ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Discretionary — continued
           
Darden Restaurants
   
2,353
   
$
309,961
 
Dollar General
   
4,114
     
977,198
 
Dollar Tree *
   
3,911
     
635,342
 
Domino’s Pizza
   
588
     
198,744
 
DR Horton
   
5,659
     
393,810
 
eBay
   
11,297
     
586,540
 
Etsy *
   
2,285
     
212,939
 
Expedia Group *
   
2,471
     
431,807
 
Ford Motor
   
68,390
     
968,402
 
Garmin
   
2,580
     
283,129
 
General Motors *
   
25,380
     
962,156
 
Genuine Parts
   
2,713
     
352,826
 
Hasbro
   
2,294
     
202,010
 
Hilton Worldwide Holdings
   
4,815
     
747,721
 
Home Depot
   
18,320
     
5,503,328
 
Las Vegas Sands *
   
6,241
     
221,119
 
Lennar, Cl A
   
4,731
     
361,874
 
LKQ
   
4,576
     
227,107
 
Lowe’s
   
11,845
     
2,342,112
 
Marriott International, Cl A
   
4,743
     
841,977
 
McDonald’s
   
13,102
     
3,264,494
 
Mohawk Industries *
   
959
     
135,277
 
NIKE, Cl B
   
22,457
     
2,800,388
 
Norwegian Cruise Line Holdings *
   
6,151
     
123,205
 
NVR *
   
50
     
218,811
 
O’Reilly Automotive *
   
1,195
     
724,827
 
Penn National Gaming *
   
2,585
     
94,533
 
Pool
   
794
     
321,745
 
PulteGroup
   
5,114
     
213,561
 
PVH
   
1,462
     
106,404
 
Ralph Lauren, Cl A
   
1,064
     
111,018
 
Ross Stores
   
6,160
     
614,583
 

The accompanying notes are an integral part of the financial statements.
190


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Catholic Values ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Discretionary — continued
           
Starbucks
   
20,684
   
$
1,543,854
 
Tapestry
   
5,239
     
172,468
 
Target
   
8,309
     
1,899,853
 
Tesla *
   
14,469
     
12,599,026
 
TJX
   
21,130
     
1,294,846
 
Tractor Supply
   
2,014
     
405,720
 
Ulta Beauty *
   
850
     
337,280
 
Under Armour, Cl A *
   
3,542
     
54,405
 
Under Armour, Cl C *
   
3,144
     
44,613
 
VF
   
5,116
     
266,032
 
Whirlpool
   
1,184
     
214,920
 
Wynn Resorts *
   
1,975
     
139,198
 
Yum! Brands
   
5,073
     
593,592
 
             
68,780,045
 
                 
                 
Consumer Staples — 6.8%
               
Altria Group
   
44,570
     
2,476,755
 
Archer-Daniels-Midland
   
13,415
     
1,201,447
 
Brown-Forman, Cl B
   
5,516
     
371,999
 
Campbell Soup
   
6,567
     
310,094
 
Clorox
   
3,575
     
512,905
 
Coca-Cola
   
96,089
     
6,208,310
 
Colgate-Palmolive
   
20,413
     
1,572,822
 
Conagra Brands
   
13,922
     
486,295
 
Constellation Brands, Cl A
   
3,888
     
956,798
 
Costco Wholesale
   
10,957
     
5,826,056
 
Estee Lauder, Cl A
   
5,629
     
1,486,394
 
General Mills
   
14,337
     
1,014,056
 
Hormel Foods
   
8,106
     
424,673
 
J M Smucker
   
3,161
     
432,836
 
Kellogg
   
7,409
     
507,516
 
Kimberly-Clark
   
8,025
     
1,114,111
 
Kraft Heinz
   
16,524
     
704,418
 

The accompanying notes are an integral part of the financial statements.
191


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Catholic Values ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Staples — continued
           
Kroger
   
15,875
   
$
856,615
 
Lamb Weston Holdings
   
4,187
     
276,761
 
McCormick
   
5,761
     
579,384
 
Molson Coors Beverage, Cl B
   
5,406
     
292,681
 
Monster Beverage *
   
8,797
     
753,727
 
Procter & Gamble
   
59,414
     
9,538,918
 
Sysco
   
12,091
     
1,033,539
 
Tyson Foods, Cl A
   
6,787
     
632,277
 
Walgreens Boots Alliance
   
16,923
     
717,535
 
             
40,288,922
 
                 
                 
Energy — 4.2%
               
APA
   
7,063
     
289,089
 
Baker Hughes, Cl A
   
14,117
     
437,909
 
Chevron
   
32,662
     
5,117,155
 
ConocoPhillips
   
22,085
     
2,109,559
 
Coterra Energy
   
11,911
     
342,918
 
Devon Energy
   
10,633
     
618,522
 
Diamondback Energy
   
2,848
     
359,503
 
EOG Resources
   
10,125
     
1,182,195
 
Exxon Mobil
   
72,186
     
6,153,856
 
Halliburton
   
16,263
     
579,288
 
Hess
   
4,872
     
502,157
 
Kinder Morgan
   
33,403
     
606,264
 
Marathon Oil
   
15,268
     
380,479
 
Marathon Petroleum
   
10,900
     
951,134
 
Occidental Petroleum
   
15,709
     
865,409
 
ONEOK
   
7,653
     
484,664
 
Phillips 66
   
7,455
     
646,796
 
Pioneer Natural Resources
   
3,848
     
894,545
 
Schlumberger
   
22,663
     
884,084
 
Valero Energy
   
6,418
     
715,479
 

The accompanying notes are an integral part of the financial statements.
192


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Catholic Values ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Energy — continued
           
Williams
   
20,850
   
$
714,946
 
             
24,835,951
 
                 
                 
Financials — 11.1%
               
Aflac
   
10,543
     
603,903
 
Allstate
   
5,016
     
634,725
 
American Express
   
10,475
     
1,830,087
 
American International Group
   
14,682
     
859,044
 
Ameriprise Financial
   
1,992
     
528,856
 
Aon, Cl A
   
3,844
     
1,107,034
 
Arthur J Gallagher
   
3,525
     
593,927
 
Assurant
   
1,104
     
200,795
 
Bank of America
   
122,972
     
4,387,641
 
Bank of New York Mellon
   
13,594
     
571,764
 
Berkshire Hathaway, Cl B *
   
31,398
     
10,136,216
 
BlackRock, Cl A
   
2,393
     
1,494,859
 
Brown & Brown
   
3,365
     
208,563
 
Capital One Financial
   
7,021
     
874,957
 
Cboe Global Markets
   
2,141
     
241,890
 
Charles Schwab
   
25,960
     
1,721,927
 
Chubb
   
7,508
     
1,550,027
 
Cincinnati Financial
   
2,736
     
335,598
 
Citigroup
   
33,454
     
1,612,817
 
Citizens Financial Group
   
7,151
     
281,749
 
CME Group, Cl A
   
6,152
     
1,349,380
 
Comerica
   
2,203
     
180,426
 
Discover Financial Services
   
5,069
     
570,060
 
Everest Re Group
   
840
     
230,756
 
FactSet Research Systems
   
552
     
222,726
 
Fifth Third Bancorp
   
10,721
     
402,359
 
First Republic Bank
   
3,152
     
470,341
 
Franklin Resources
   
5,431
     
133,548
 
Globe Life
   
1,813
     
177,819
 

The accompanying notes are an integral part of the financial statements.
193


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Catholic Values ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Financials — continued
           
Goldman Sachs Group
   
5,845
   
$
1,785,589
 
Hartford Financial Services Group
   
5,885
     
411,538
 
Huntington Bancshares
   
25,003
     
328,789
 
Intercontinental Exchange
   
9,670
     
1,119,883
 
Invesco
   
5,547
     
101,954
 
JPMorgan Chase
   
50,585
     
6,037,826
 
KeyCorp
   
16,161
     
312,069
 
Lincoln National
   
2,910
     
175,036
 
Loews
   
3,357
     
210,954
 
M&T Bank
   
2,988
     
497,921
 
MarketAxess Holdings
   
583
     
153,685
 
Marsh & McLennan
   
8,681
     
1,403,718
 
MetLife
   
12,478
     
819,555
 
Moody’s
   
2,734
     
865,256
 
Morgan Stanley
   
24,166
     
1,947,538
 
MSCI, Cl A
   
1,387
     
584,274
 
Nasdaq
   
2,203
     
346,686
 
Northern Trust
   
3,526
     
363,354
 
PNC Financial Services Group
   
7,302
     
1,212,862
 
Principal Financial Group
   
4,244
     
289,186
 
Progressive
   
10,133
     
1,087,879
 
Prudential Financial
   
6,677
     
724,521
 
Raymond James Financial
   
3,517
     
342,767
 
Regions Financial
   
18,043
     
373,851
 
S&P Global
   
6,141
     
2,312,087
 
Signature Bank NY
   
937
     
226,988
 
State Street
   
5,774
     
386,685
 
SVB Financial Group *
   
1,025
     
499,831
 
Synchrony Financial
   
9,652
     
355,290
 
T Rowe Price Group
   
3,850
     
473,704
 
Travelers
   
4,328
     
740,348
 
Truist Financial
   
23,022
     
1,113,114
 

The accompanying notes are an integral part of the financial statements.
194


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Catholic Values ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Financials — continued
           
US Bancorp
   
23,319
   
$
1,132,371
 
W R Berkley
   
3,444
     
228,992
 
Wells Fargo
   
67,738
     
2,955,409
 
Willis Towers Watson
   
2,218
     
476,559
 
Zions Bancorp
   
2,593
     
146,530
 
             
66,058,393
 
                 
                 
Health Care — 13.3%
               
ABIOMED *
   
2,213
     
634,202
 
Align Technology *
   
3,688
     
1,069,188
 
AmerisourceBergen, Cl A
   
8,021
     
1,213,497
 
Anthem
   
12,476
     
6,262,079
 
Baxter International
   
25,362
     
1,802,224
 
Boston Scientific *
   
72,762
     
3,064,008
 
Cardinal Health
   
13,567
     
787,564
 
Cerner
   
15,913
     
1,490,093
 
Cigna
   
16,529
     
4,079,027
 
CVS Health
   
67,530
     
6,491,659
 
DaVita *
   
3,282
     
355,670
 
DENTSPLY SIRONA
   
12,716
     
508,513
 
Dexcom *
   
4,914
     
2,007,762
 
Edwards Lifesciences *
   
31,930
     
3,377,555
 
Gilead Sciences
   
64,177
     
3,808,263
 
Henry Schein *
   
8,047
     
652,612
 
Hologic *
   
13,617
     
980,288
 
Humana
   
6,560
     
2,916,314
 
IDEXX Laboratories *
   
4,311
     
1,855,799
 
Incyte *
   
9,146
     
685,584
 
Intuitive Surgical *
   
18,364
     
4,394,505
 
IQVIA Holdings *
   
9,683
     
2,110,797
 
Laboratory Corp of America Holdings
   
4,657
     
1,118,984
 
McKesson
   
7,612
     
2,356,751
 
Medtronic
   
69,183
     
7,219,938
 

The accompanying notes are an integral part of the financial statements.
195


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Catholic Values ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Health Care — continued
           
Mettler-Toledo International *
   
1,158
   
$
1,479,380
 
Quest Diagnostics
   
6,612
     
884,950
 
ResMed
   
7,390
     
1,477,778
 
STERIS
   
5,413
     
1,212,783
 
Stryker
   
17,214
     
4,153,050
 
Teleflex
   
2,470
     
705,481
 
Waters *
   
3,302
     
1,000,572
 
West Pharmaceutical Services
   
3,721
     
1,172,338
 
Zimmer Biomet Holdings
   
11,325
     
1,367,494
 
Zoetis, Cl A
   
24,264
     
4,300,794
 
             
78,997,496
 
                 
                 
Industrials — 7.8%
               
3M
   
13,565
     
1,956,344
 
Alaska Air Group *
   
3,309
     
179,977
 
Allegion
   
2,062
     
235,563
 
American Airlines Group *
   
14,672
     
275,393
 
AMETEK
   
5,394
     
681,046
 
AO Smith
   
3,023
     
176,634
 
Carrier Global
   
20,375
     
779,751
 
Caterpillar
   
12,925
     
2,721,230
 
CH Robinson Worldwide
   
3,031
     
321,741
 
Cintas
   
2,139
     
849,739
 
Copart *
   
5,025
     
571,091
 
CSX
   
52,333
     
1,797,115
 
Cummins
   
3,338
     
631,516
 
Deere
   
6,700
     
2,529,585
 
Delta Air Lines *
   
14,764
     
635,295
 
Dover
   
3,328
     
443,622
 
Eaton
   
9,270
     
1,344,335
 
Emerson Electric
   
13,896
     
1,253,141
 
Equifax
   
2,883
     
586,748
 
Expeditors International of Washington
   
3,858
     
382,212
 

The accompanying notes are an integral part of the financial statements.
196


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Catholic Values ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Industrials — continued
           
Fastenal
   
13,211
   
$
730,700
 
FedEx
   
5,730
     
1,138,780
 
Fortive
   
8,230
     
473,225
 
Fortune Brands Home & Security
   
3,162
     
225,293
 
Generac Holdings *
   
1,415
     
310,423
 
Howmet Aerospace
   
8,768
     
299,164
 
IDEX
   
1,700
     
322,694
 
Illinois Tool Works
   
6,703
     
1,321,228
 
Ingersoll Rand
   
9,288
     
408,301
 
JB Hunt Transport Services
   
1,961
     
335,037
 
Johnson Controls International
   
16,518
     
988,933
 
Masco
   
6,145
     
323,780
 
Nielsen Holdings
   
9,523
     
255,312
 
Nordson
   
1,118
     
241,141
 
Norfolk Southern
   
5,749
     
1,482,552
 
Old Dominion Freight Line
   
2,181
     
610,942
 
Otis Worldwide
   
10,236
     
745,590
 
PACCAR
   
8,015
     
665,646
 
Parker-Hannifin
   
3,050
     
826,001
 
Pentair
   
3,708
     
188,181
 
Quanta Services
   
3,206
     
371,832
 
Republic Services, Cl A
   
4,808
     
645,570
 
Robert Half International
   
2,490
     
244,792
 
Rockwell Automation
   
2,636
     
666,038
 
Rollins
   
5,757
     
193,090
 
Snap-On
   
1,207
     
256,475
 
Southwest Airlines *
   
14,046
     
656,229
 
Stanley Black & Decker
   
3,722
     
447,198
 
Trane Technologies
   
5,545
     
775,690
 
TransDigm Group *
   
1,136
     
675,704
 
Union Pacific
   
15,286
     
3,581,357
 
United Airlines Holdings *
   
7,302
     
368,751
 

The accompanying notes are an integral part of the financial statements.
197


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Catholic Values ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Industrials — continued
           
United Parcel Service, Cl B
   
17,496
   
$
3,148,930
 
United Rentals *
   
1,598
     
505,799
 
Verisk Analytics, Cl A
   
3,693
     
753,557
 
Waste Management
   
9,040
     
1,486,538
 
Westinghouse Air Brake Technologies
   
4,348
     
390,929
 
WW Grainger
   
1,019
     
509,531
 
Xylem
   
4,203
     
338,342
 
             
46,261,353
 
                 
                 
Information Technology — 27.4%
               
Accenture, Cl A
   
10,737
     
3,224,965
 
Adobe *
   
8,141
     
3,223,429
 
Advanced Micro Devices *
   
27,953
     
2,390,541
 
Akamai Technologies *
   
2,993
     
336,054
 
Amphenol, Cl A
   
10,322
     
738,023
 
Analog Devices
   
9,326
     
1,439,748
 
ANSYS *
   
1,489
     
410,502
 
Apple
   
265,722
     
41,891,073
 
Applied Materials
   
15,237
     
1,681,403
 
Arista Networks *
   
4,072
     
470,601
 
Autodesk *
   
3,763
     
712,261
 
Automatic Data Processing
   
7,286
     
1,589,659
 
Broadcom
   
7,010
     
3,886,274
 
Broadridge Financial Solutions
   
2,010
     
289,701
 
Cadence Design Systems *
   
4,752
     
716,839
 
CDW
   
2,342
     
382,168
 
Ceridian HCM Holding *
   
1,921
     
107,826
 
Cisco Systems
   
71,852
     
3,519,311
 
Citrix Systems *
   
2,355
     
235,736
 
Cognizant Technology Solutions, Cl A
   
9,069
     
733,682
 
DXC Technology *
   
4,849
     
139,166
 
Enphase Energy *
   
2,286
     
368,960
 
EPAM Systems *
   
816
     
216,232
 

The accompanying notes are an integral part of the financial statements.
198


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Catholic Values ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — continued
           
F5 *
   
1,190
   
$
199,218
 
Fidelity National Information Services
   
10,668
     
1,057,732
 
Fiserv *
   
10,438
     
1,022,089
 
FleetCor Technologies *
   
1,508
     
376,276
 
Fortinet *
   
2,330
     
673,393
 
Gartner *
   
1,391
     
404,155
 
Global Payments
   
5,008
     
685,996
 
Hewlett Packard Enterprise
   
24,520
     
377,853
 
HP
   
20,530
     
752,014
 
Intel
   
69,398
     
3,025,059
 
International Business Machines
   
15,511
     
2,050,709
 
Intuit
   
4,739
     
1,984,456
 
IPG Photonics *
   
821
     
77,568
 
Jack Henry & Associates
   
1,223
     
231,856
 
Juniper Networks
   
6,567
     
206,992
 
Keysight Technologies *
   
3,199
     
448,724
 
KLA
   
2,597
     
829,118
 
Lam Research
   
2,452
     
1,142,044
 
Mastercard, Cl A
   
14,877
     
5,406,004
 
Microchip Technology
   
9,418
     
614,054
 
Micron Technology
   
19,466
     
1,327,387
 
Microsoft
   
128,480
     
35,655,770
 
Monolithic Power Systems
   
788
     
309,085
 
Motorola Solutions
   
2,835
     
605,811
 
NetApp
   
3,753
     
274,907
 
NortonLifeLock
   
9,816
     
245,793
 
NVIDIA
   
43,034
     
7,981,516
 
Oracle
   
27,243
     
1,999,636
 
Paychex
   
5,533
     
701,197
 
Paycom Software *
   
910
     
256,138
 
PayPal Holdings *
   
20,041
     
1,762,205
 
PTC *
   
1,831
     
209,119
 

The accompanying notes are an integral part of the financial statements.
199


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Catholic Values ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — continued
           
Qorvo *
   
1,938
   
$
220,506
 
QUALCOMM
   
18,992
     
2,652,992
 
Roper Technologies
   
2,430
     
1,141,906
 
Salesforce *
   
16,839
     
2,962,654
 
Seagate Technology Holdings
   
3,521
     
288,863
 
ServiceNow *
   
3,448
     
1,648,489
 
Skyworks Solutions
   
2,757
     
312,368
 
SolarEdge Technologies *
   
766
     
191,814
 
Synopsys *
   
2,591
     
743,073
 
Teledyne Technologies *
   
837
     
361,207
 
Teradyne
   
2,846
     
300,139
 
Texas Instruments
   
16,072
     
2,736,258
 
Trimble *
   
4,323
     
288,344
 
Tyler Technologies *
   
751
     
296,427
 
VeriSign *
   
1,587
     
283,581
 
Visa, Cl A
   
28,763
     
6,130,258
 
Western Digital *
   
5,660
     
300,376
 
Zebra Technologies, Cl A *
   
946
     
349,698
 
             
162,806,981
 
                 
                 
Materials — 2.4%
               
Air Products & Chemicals
   
3,770
     
882,444
 
Albemarle
   
2,128
     
410,342
 
Amcor
   
28,209
     
334,559
 
Avery Dennison
   
1,493
     
269,636
 
Ball
   
5,600
     
454,496
 
Celanese, Cl A
   
1,923
     
282,566
 
CF Industries Holdings
   
4,144
     
401,264
 
Corteva
   
12,558
     
724,471
 
Dow
   
12,798
     
851,067
 
DuPont de Nemours
   
8,978
     
591,920
 
Eastman Chemical
   
2,563
     
263,143
 
Ecolab
   
4,332
     
733,581
 

The accompanying notes are an integral part of the financial statements.
200


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Catholic Values ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Materials — continued
           
FMC
   
2,502
   
$
331,615
 
Freeport-McMoRan
   
25,206
     
1,022,103
 
International Flavors & Fragrances
   
4,575
     
554,947
 
International Paper
   
6,661
     
308,271
 
LyondellBasell Industries, Cl A
   
4,636
     
491,555
 
Martin Marietta Materials
   
1,069
     
378,661
 
Mosaic
   
6,510
     
406,354
 
Newmont
   
13,746
     
1,001,396
 
Nucor
   
4,966
     
768,637
 
Packaging Corp of America
   
1,656
     
266,898
 
PPG Industries
   
4,208
     
538,582
 
Sealed Air
   
2,724
     
174,908
 
Sherwin-Williams
   
4,242
     
1,166,380
 
Vulcan Materials
   
2,451
     
422,283
 
Westrock
   
4,800
     
237,744
 
             
14,269,823
 
                 
                 
Real Estate — 2.9%
               
Alexandria Real Estate Equities
   
2,442
     
444,835
 
American Tower, Cl A
   
8,208
     
1,978,292
 
AvalonBay Communities
   
2,567
     
583,941
 
Boston Properties
   
2,767
     
325,399
 
CBRE Group, Cl A *
   
5,955
     
494,503
 
Crown Castle International
   
7,828
     
1,449,824
 
Digital Realty Trust
   
5,002
     
730,892
 
Duke Realty
   
6,687
     
366,113
 
Equinix
   
1,556
     
1,118,888
 
Equity Residential
   
6,015
     
490,223
 
Essex Property Trust
   
1,258
     
414,222
 
Extra Space Storage
   
2,361
     
448,590
 
Federal Realty Investment Trust
   
1,280
     
149,837
 
Host Hotels & Resorts
   
13,677
     
278,327
 
Iron Mountain
   
4,957
     
266,340
 

The accompanying notes are an integral part of the financial statements.
201


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Catholic Values ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Real Estate — continued
           
Kimco Realty
   
10,605
   
$
268,625
 
Mid-America Apartment Communities
   
2,083
     
409,684
 
ProLogis
   
13,256
     
2,124,804
 
Public Storage
   
2,749
     
1,021,254
 
Realty Income
   
9,495
     
658,573
 
Regency Centers
   
2,851
     
196,234
 
SBA Communications, Cl A
   
2,004
     
695,608
 
Simon Property Group
   
5,869
     
692,542
 
UDR
   
5,214
     
277,437
 
Vornado Realty Trust
   
3,051
     
118,104
 
Welltower
   
7,829
     
710,952
 
Weyerhaeuser
   
14,000
     
577,080
 
             
17,291,123
 
                 
                 
Utilities — 2.9%
               
AES
   
12,322
     
251,615
 
Alliant Energy
   
4,481
     
263,528
 
Ameren
   
4,606
     
427,897
 
American Electric Power
   
8,524
     
844,814
 
American Water Works
   
3,150
     
485,352
 
Atmos Energy
   
2,176
     
246,758
 
CenterPoint Energy
   
9,951
     
304,600
 
CMS Energy
   
5,227
     
359,043
 
Consolidated Edison
   
5,978
     
554,400
 
Constellation Energy
   
5,591
     
331,043
 
Dominion Energy
   
13,933
     
1,137,490
 
DTE Energy
   
3,466
     
454,185
 
Duke Energy
   
13,411
     
1,477,356
 
Edison International
   
6,492
     
446,585
 
Entergy
   
3,533
     
419,897
 
Evergy
   
4,346
     
294,876
 
Eversource Energy
   
5,994
     
523,876
 
Exelon
   
16,737
     
782,957
 

The accompanying notes are an integral part of the financial statements.
202


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Catholic Values ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Utilities — continued
           
FirstEnergy
   
9,562
   
$
414,130
 
NextEra Energy
   
33,987
     
2,413,757
 
NiSource
   
6,451
     
187,853
 
NRG Energy
   
4,916
     
176,484
 
Pinnacle West Capital
   
2,128
     
151,514
 
PPL
   
13,379
     
378,759
 
Public Service Enterprise Group
   
8,563
     
596,498
 
Sempra Energy
   
5,522
     
891,030
 
Southern
   
18,233
     
1,338,120
 
WEC Energy Group
   
5,429
     
543,171
 
Xcel Energy
   
9,676
     
708,864
 
             
17,406,452
 
                 
                 
TOTAL UNITED STATES
           
588,453,934
 
TOTAL COMMON STOCK
               
(Cost $495,290,207)
           
592,635,636
 
TOTAL INVESTMENTS — 99.8%
               
(Cost $495,290,207)
         
$
592,635,636
 


Percentages are based on Net Assets of $593,745,711.

*
Non-income producing security.
Real Estate Investment Trust


Cl — Class
S&P — Standard & Poor’s

As of April 30, 2022, 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.






The accompanying notes are an integral part of the financial statements.
203


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 



   
Shares
   
Value
 
COMMON STOCK — 99.3%
           
AUSTRALIA — 12.7%
           
Communication Services — 0.1%
           
REA Group
   
23
   
$
2,115
 
Telstra
   
2,103
     
6,038
 
TPG Telecom
   
272
     
1,137
 
             
9,290
 
                 
                 
Consumer Discretionary — 0.5%
               
Aristocrat Leisure
   
345
     
8,252
 
Wesfarmers
   
573
     
20,120
 
             
28,372
 
                 
                 
Consumer Staples — 0.7%
               
Coles Group
   
1,206
     
16,027
 
Woolworths Group
   
1,070
     
29,283
 
             
45,310
 
                 
                 
Energy — 0.3%
               
Santos
   
1,528
     
8,687
 

The accompanying notes are an integral part of the financial statements.
204


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Energy — continued
           
Woodside Petroleum
   
480
   
$
10,626
 
             
19,313
 
                 
                 
Financials — 3.1%
               
ASX
   
94
     
5,790
 
Australia & New Zealand Banking Group
   
1,312
     
25,454
 
Commonwealth Bank of Australia
   
818
     
60,387
 
Insurance Australia Group
   
1,197
     
3,862
 
Macquarie Group
   
167
     
24,564
 
National Australia Bank
   
1,541
     
35,733
 
QBE Insurance Group
   
737
     
6,453
 
Suncorp Group
   
628
     
5,114
 
Westpac Banking
   
1,690
     
28,668
 
             
196,025
 
                 
                 
Health Care — 3.9%
               
Cochlear
   
137
     
22,562
 
CSL
   
994
     
193,056
 
Sonic Healthcare
   
999
     
26,076
 
             
241,694
 
                 
                 
Industrials — 0.4%
               
Brambles
   
828
     
6,208
 
Reece
   
134
     
1,667
 
Transurban Group
   
1,646
     
16,774
 
             
24,649
 
                 
                 
Materials — 3.2%
               
BHP Group
   
2,483
     
84,716
 
Fortescue Metals Group
   
870
     
13,373
 
Glencore
   
5,433
     
33,921
 
Newcrest Mining
   
427
     
8,157
 
Rio Tinto
   
185
     
14,834
 
Rio Tinto
   
522
     
37,395
 

The accompanying notes are an integral part of the financial statements.
205


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Materials — continued
           
South32
   
2,439
   
$
8,268
 
             
200,664
 
                 
                 
Real Estate — 0.4%
               
Dexus
   
538
     
4,271
 
Goodman Group
   
835
     
14,229
 
Scentre Group
   
2,580
     
5,482
 
             
23,982
 
                 
                 
Utilities — 0.1%
               
APA Group
   
564
     
4,605
 
                 
                 
TOTAL AUSTRALIA
           
793,904
 
AUSTRIA — 0.3%
               
Communication Services — 0.0%
               
Telekom Austria, Cl A
   
71
     
509
 
                 
                 
Energy — 0.1%
               
OMV
   
71
     
3,678
 
                 
                 
Financials — 0.1%
               
BAWAG Group
   
34
     
1,640
 
Erste Group Bank
   
157
     
4,913
 
Raiffeisen Bank International *
   
69
     
799
 
             
7,352
 
                 
                 
Industrials — 0.0%
               
ANDRITZ
   
44
     
1,892
 
                 
                 
Information Technology — 0.0%
               
ams-OSRAM *
   
140
     
1,751
 
                 
                 
Materials — 0.0%
               
voestalpine
   
57
     
1,507
 
                 
                 
Utilities — 0.1%
               
Verbund
   
33
     
3,558
 
                 
                 
TOTAL AUSTRIA
           
20,247
 

The accompanying notes are an integral part of the financial statements.
206


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
BELGIUM — 1.6%
           
Consumer Staples — 0.7%
           
Anheuser-Busch InBev
   
769
   
$
44,944
 
                 
                 
Financials — 0.3%
               
Groupe Bruxelles Lambert
   
44
     
4,204
 
KBC Group
   
162
     
11,112
 
Sofina
   
4
     
1,241
 
             
16,557
 
                 
                 
Health Care — 0.5%
               
UCB
   
260
     
29,733
 
                 
                 
Materials — 0.1%
               
Solvay
   
42
     
4,012
 
Umicore
   
101
     
3,935
 
             
7,947
 
                 
                 
TOTAL BELGIUM
           
99,181
 
BRAZIL — 0.1%
               
Materials — 0.1%
               
Yara International
   
75
     
3,870
 
                 
                 
CHILE — 0.0%
               
Materials — 0.0%
               
Antofagasta
   
147
     
2,862
 
                 
                 
CHINA — 0.8%
               
Consumer Discretionary — 0.4%
               
Prosus
   
450
     
22,118
 
                 
                 
Consumer Staples — 0.2%
               
Budweiser Brewing APAC
   
1,800
     
4,538
 
Wilmar International
   
2,891
     
9,295
 
             
13,833
 

The accompanying notes are an integral part of the financial statements.
207


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Financials — 0.1%
           
BOC Hong Kong Holdings
   
2,100
   
$
7,668
 
                 
                 
Health Care — 0.0%
               
China Evergrande New Energy Vehicle Group * (A)(B)(C)
   
5,700
     
2,092
 
                 
                 
Utilities — 0.1%
               
ENN Energy Holdings
   
300
     
4,049
 
                 
                 
TOTAL CHINA
           
49,760
 
DENMARK — 1.7%
               
Consumer Staples — 0.2%
               
Carlsberg, Cl B
   
89
     
11,465
 
                 
                 
Health Care — 0.5%
               
Coloplast, Cl B
   
248
     
33,729
 
                 
                 
Industrials — 0.8%
               
AP Moller - Maersk, Cl A
   
2
     
5,729
 
AP Moller - Maersk, Cl B
   
3
     
8,798
 
DSV
   
115
     
19,082
 
Vestas Wind Systems
   
542
     
14,053
 
             
47,662
 
                 
                 
Utilities — 0.2%
               
Orsted
   
94
     
10,570
 
                 
                 
TOTAL DENMARK
           
103,426
 
FINLAND — 1.1%
               
Energy — 0.1%
               
Neste
   
207
     
8,997
 
                 
                 
Financials — 0.5%
               
Nordea Bank Abp
   
1,679
     
16,976
 
Sampo, Cl A
   
247
     
12,093
 
             
29,069
 

The accompanying notes are an integral part of the financial statements.
208


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Industrials — 0.2%
           
Kone, Cl B
   
217
   
$
10,551
 
                 
                 
Information Technology — 0.2%
               
Nokia
   
2,611
     
13,416
 
                 
                 
Materials — 0.1%
               
Stora Enso, Cl R
   
312
     
6,219
 
                 
                 
Utilities — 0.0%
               
Fortum
   
218
     
3,657
 
                 
                 
TOTAL FINLAND
           
71,909
 
FRANCE — 8.8%
               
Communication Services — 0.0%
               
Adevinta, Cl B *
   
141
     
1,115
 
                 
                 
Consumer Discretionary — 1.2%
               
Christian Dior
   
1
     
623
 
EssilorLuxottica
   
157
     
27,130
 
Hermes International
   
19
     
23,782
 
Kering
   
41
     
22,193
 
             
73,728
 
                 
                 
Consumer Staples — 1.2%
               
Danone
   
613
     
37,275
 
Pernod Ricard
   
180
     
37,532
 
             
74,807
 
                 
                 
Energy — 0.9%
               
TotalEnergies
   
1,165
     
58,040
 
                 
                 
Financials — 2.3%
               
AXA
   
992
     
26,644
 
BNP Paribas
   
540
     
28,316
 
LVMH Moet Hennessy Louis Vuitton
   
138
     
90,189
 
             
145,149
 


The accompanying notes are an integral part of the financial statements.
209


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Industrials — 0.8%
           
Cie de Saint-Gobain
   
284
   
$
16,877
 
Credit Agricole
   
669
     
7,323
 
Vinci
   
280
     
27,424
 
             
51,624
 
                 
                 
Information Technology — 0.3%
               
Dassault Systemes
   
339
     
15,212
 
                 
                 
Materials — 1.9%
               
Air Liquide
   
235
     
40,990
 
L’Oreal
   
209
     
76,927
 
             
117,917
 
                 
                 
Utilities — 0.2%
               
Electricite de France
   
269
     
2,465
 
Engie
   
855
     
10,212
 
             
12,677
 
                 
                 
TOTAL FRANCE
           
550,269
 
GERMANY — 7.6%
               
Communication Services — 0.5%
               
Deutsche Telekom
   
1,597
     
29,601
 
                 
                 
Consumer Discretionary — 1.0%
               
adidas
   
92
     
18,802
 
Bayerische Motoren Werke
   
167
     
13,832
 
Mercedes-Benz Group
   
432
     
30,580
 
Volkswagen
   
19
     
4,193
 
             
67,407
 
                 
                 
Consumer Staples — 0.2%
               
Beiersdorf
   
89
     
8,996
 
Henkel & KGaA
   
88
     
5,626
 
             
14,622
 

The accompanying notes are an integral part of the financial statements.
210


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Financials — 1.3%
           
Allianz
   
192
   
$
43,791
 
Deutsche Boerse
   
94
     
16,481
 
Muenchener Rueckversicherungs-Gesellschaft in Muenchen
   
66
     
15,826
 
             
76,098
 
                 
                 
Health Care — 1.3%
               
BioNTech ADR
   
169
     
23,454
 
Fresenius Medical Care & KGaA
   
414
     
25,961
 
Siemens Healthineers
   
589
     
31,851
 
             
81,266
 
                 
                 
Industrials — 1.3%
               
Daimler Truck Holding *
   
270
     
7,349
 
Deutsche Post
   
539
     
23,268
 
Hapag-Lloyd
   
1
     
404
 
Siemens
   
435
     
54,050
 
             
85,071
 
                 
                 
Information Technology — 1.2%
               
Infineon Technologies
   
627
     
18,157
 
SAP
   
530
     
54,548
 
             
72,705
 
                 
                 
Materials — 0.4%
               
BASF
   
460
     
24,463
 
                 
                 
Real Estate — 0.2%
               
Vonovia
   
369
     
14,793
 
                 
                 
Utilities — 0.2%
               
E.ON
   
1,103
     
11,555
 
                 
                 
TOTAL GERMANY
           
477,581
 
HONG KONG — 2.8%
               
Financials — 1.7%
               
AIA Group
   
5,965
     
59,109
 

The accompanying notes are an integral part of the financial statements.
211


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Financials — continued
           
Hang Seng Bank
   
280
   
$
4,978
 
Hong Kong Exchanges & Clearing
   
594
     
25,574
 
Prudential
   
1,273
     
16,142
 
             
105,803
 
                 
                 
Industrials — 0.5%
               
Jardine Matheson Holdings
   
154
     
8,182
 
MTR
   
900
     
4,801
 
Techtronic Industries
   
1,132
     
15,351
 
             
28,334
 
                 
                 
Real Estate — 0.4%
               
CK Asset Holdings
   
1,100
     
7,486
 
Henderson Land Development
   
400
     
1,624
 
Link REIT
   
1,000
     
8,679
 
Sun Hung Kai Properties
   
890
     
10,317
 
             
28,106
 
                 
                 
Utilities — 0.2%
               
CLP Holdings
   
900
     
8,775
 
Hong Kong & China Gas
   
4,910
     
5,438
 
             
14,213
 
                 
                 
TOTAL HONG KONG
           
176,456
 
IRELAND — 0.5%
               
Consumer Discretionary — 0.1%
               
Flutter Entertainment *
   
75
     
7,641
 
                 
                 
Industrials — 0.1%
               
Kingspan Group
   
84
     
7,892
 
                 
                 
Materials — 0.3%
               
CRH
   
366
     
14,742
 
                 
                 
TOTAL IRELAND
           
30,275
 

The accompanying notes are an integral part of the financial statements.
212


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
ISRAEL — 0.8%
           
Communication Services — 0.0%
           
Bezeq The Israeli Telecommunication
   
928
   
$
1,481
 
                 
                 
Consumer Discretionary — 0.0%
               
Global-e Online *
   
2
     
45
 
                 
                 
Financials — 0.3%
               
Bank Hapoalim
   
577
     
5,384
 
Bank Leumi Le-Israel
   
725
     
7,659
 
First International Bank of Israel
   
26
     
1,099
 
Israel Discount Bank, Cl A
   
580
     
3,454
 
Mizrahi Tefahot Bank
   
69
     
2,571
 
Plus500
   
52
     
1,018
 
             
21,185
 
                 
                 
Industrials — 0.1%
               
Kornit Digital *
   
27
     
1,795
 
Shapir Engineering and Industry
   
74
     
697
 
             
2,492
 
                 
                 
Information Technology — 0.3%
               
Check Point Software Technologies *
   
52
     
6,567
 
JFrog *
   
35
     
731
 
Nice *
   
27
     
5,553
 
Nova *
   
14
     
1,352
 
Tower Semiconductor *
   
40
     
1,927
 
Wix.com *
   
25
     
1,887
 
             
18,017
 
                 
                 
Real Estate — 0.1%
               
Amot Investments
   
6
     
46
 
Azrieli Group
   
21
     
1,816
 
Big Shopping Centers
   
1
     
152
 
Melisron *
   
2
     
164
 
Mivne Real Estate KD
   
181
     
683
 

The accompanying notes are an integral part of the financial statements.
213


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Real Estate — continued
           
Strauss Group
   
45
   
$
1,205
 
             
4,066
 
                 
                 
TOTAL ISRAEL
           
47,286
 
ITALY — 2.0%
               
Consumer Discretionary — 0.3%
               
Ferrari
   
68
     
14,563
 
Moncler
   
108
     
5,729
 
PRADA
   
100
     
624
 
             
20,916
 
                 
                 
Consumer Staples — 0.1%
               
Davide Campari-Milano
   
495
     
5,632
 
                 
                 
Energy — 0.2%
               
Eni
   
1,170
     
16,527
 
                 
                 
Financials — 0.7%
               
Assicurazioni Generali
   
585
     
11,170
 
Intesa Sanpaolo
   
8,181
     
16,871
 
Poste Italiane
   
226
     
2,236
 
UniCredit
   
1,058
     
9,939
 
             
40,216
 
                 
                 
Industrials — 0.1%
               
Atlantia
   
273
     
6,575
 
                 
                 
                 
                 
Utilities — 0.6%
               
Enel
   
3,702
     
24,284
 
Snam
   
1,049
     
5,781
 
Terna - Rete Elettrica Nazionale
   
697
     
5,711
 
             
35,776
 
                 
                 
TOTAL ITALY
           
125,642
 


The accompanying notes are an integral part of the financial statements.
214


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
JAPAN — 26.5%
           
Communication Services — 2.0%
           
Dentsu Group
   
125
   
$
4,539
 
KDDI
   
758
     
25,362
 
Nexon
   
238
     
5,459
 
Nintendo
   
53
     
24,508
 
Nippon Telegraph & Telephone
   
547
     
16,242
 
SoftBank
   
1,325
     
15,494
 
SoftBank Group
   
646
     
26,272
 
Toho
   
71
     
2,647
 
Z Holdings
   
1,329
     
5,279
 
             
125,802
 
                 
                 
Consumer Discretionary — 4.6%
               
Aisin
   
92
     
2,684
 
Bandai Namco Holdings
   
115
     
7,863
 
Bridgestone
   
320
     
11,774
 
Denso
   
272
     
16,705
 
Fast Retailing
   
31
     
14,395
 
Hikari Tsushin
   
4
     
471
 
Honda Motor
   
916
     
24,173
 
Isuzu Motors
   
351
     
4,110
 
Koito Manufacturing
   
67
     
2,474
 
Nissan Motor *
   
1,315
     
5,247
 
Nitori Holdings
   
44
     
4,534
 
Oriental Land
   
121
     
18,468
 
Pan Pacific International Holdings
   
295
     
4,579
 
Panasonic Holdings
   
1,252
     
11,214
 
Rakuten Group *
   
476
     
3,373
 
Sekisui Chemical
   
235
     
3,191
 
Sekisui House
   
354
     
6,172
 
Sharp
   
111
     
942
 
Shimano
   
46
     
8,273
 

The accompanying notes are an integral part of the financial statements.
215


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Discretionary — continued
           
Subaru
   
328
   
$
4,960
 
Sumitomo Electric Industries
   
408
     
4,404
 
Suzuki Motor
   
269
     
8,114
 
Toyota Motor
   
6,718
     
115,916
 
Yamaha
   
90
     
3,473
 
ZOZO
   
82
     
1,747
 
             
289,256
 
                 
                 
Consumer Staples — 2.4%
               
Aeon
   
779
     
14,842
 
Asahi Group Holdings
   
460
     
17,266
 
Kao
   
417
     
16,836
 
Kirin Holdings
   
737
     
10,811
 
Kobe Bussan
   
120
     
2,964
 
Kose
   
27
     
2,801
 
Nissin Foods Holdings
   
75
     
5,239
 
Seven & i Holdings
   
716
     
31,600
 
Shiseido
   
358
     
16,955
 
Suntory Beverage & Food
   
119
     
4,712
 
Unicharm
   
401
     
14,011
 
Welcia Holdings
   
82
     
1,696
 
Yakult Honsha
   
137
     
7,106
 
             
146,839
 
                 
                 
Energy — 0.2%
               
ENEOS Holdings
   
1,581
     
5,567
 
Inpex
   
492
     
5,818
 
             
11,385
 
                 
                 
Financials — 2.5%
               
Dai-ichi Life Holdings
   
566
     
11,378
 
Daiwa Securities Group
   
743
     
3,647
 
Japan Exchange Group
   
266
     
4,007
 
Japan Post Bank
   
191
     
1,448
 

The accompanying notes are an integral part of the financial statements.
216


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Financials — continued
           
Japan Post Insurance
   
108
   
$
1,755
 
Mitsubishi UFJ Financial Group
   
6,040
     
35,165
 
Mizuho Financial Group
   
1,264
     
15,400
 
MS&AD Insurance Group Holdings
   
239
     
7,159
 
Nomura Holdings
   
1,450
     
5,596
 
ORIX
   
539
     
9,876
 
Resona Holdings
   
1,171
     
5,106
 
Sompo Holdings
   
178
     
7,261
 
Sumitomo Mitsui Financial Group
   
684
     
20,669
 
Sumitomo Mitsui Trust Holdings
   
186
     
5,787
 
T&D Holdings
   
261
     
3,364
 
Tokio Marine Holdings
   
345
     
18,691
 
             
156,309
 
                 
                 
Health Care — 4.0%
               
Hoya
   
725
     
72,690
 
Kyowa Kirin
   
517
     
10,906
 
M3
   
864
     
28,022
 
Otsuka Holdings
   
1,127
     
37,952
 
Shionogi
   
576
     
32,326
 
Sysmex
   
342
     
22,728
 
Terumo
   
1,591
     
47,818
 
             
252,442
 
                 
                 
Industrials — 5.6%
               
ANA Holdings *
   
80
     
1,515
 
Central Japan Railway
   
116
     
14,692
 
Daifuku
   
69
     
4,287
 
Daikin Industries
   
163
     
25,219
 
East Japan Railway
   
206
     
10,842
 
FANUC
   
110
     
17,121
 
Hankyu Hanshin Holdings
   
143
     
3,791
 
ITOCHU
   
790
     
23,976
 
Japan Airlines *
   
70
     
1,162
 

The accompanying notes are an integral part of the financial statements.
217


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Industrials — continued
           
Keio
   
69
   
$
2,660
 
Komatsu
   
486
     
10,957
 
Kubota
   
670
     
11,473
 
Makita
   
175
     
5,229
 
Marubeni
   
959
     
10,529
 
MINEBEA MITSUMI
   
237
     
4,610
 
MISUMI Group
   
163
     
4,127
 
Mitsubishi
   
788
     
26,658
 
Mitsubishi Electric
   
1,156
     
12,206
 
Mitsui
   
886
     
21,541
 
MonotaRO
   
142
     
2,476
 
Nidec
   
304
     
20,036
 
Nihon M&A Center
   
184
     
2,292
 
Nippon Yusen
   
92
     
6,717
 
Odakyu Electric Railway
   
189
     
2,883
 
Recruit Holdings
   
911
     
33,878
 
Secom
   
122
     
8,639
 
SG Holdings
   
310
     
5,486
 
SMC
   
31
     
15,086
 
Taisei
   
124
     
3,374
 
Tokyu
   
353
     
4,335
 
Toshiba
   
234
     
9,764
 
TOTO
   
90
     
3,046
 
Toyota Industries
   
111
     
6,674
 
West Japan Railway
   
122
     
4,561
 
Yamato Holdings
   
207
     
3,906
 
Yaskawa Electric
   
147
     
5,049
 
             
350,797
 
                 
                 
Information Technology — 3.2%
               
Advantest
   
98
     
6,800
 
Canon
   
552
     
12,761
 
Disco
   
20
     
4,955
 

The accompanying notes are an integral part of the financial statements.
218


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — continued
           
Fujitsu
   
93
   
$
13,412
 
GMO Payment Gateway
   
23
     
1,969
 
Itochu Techno-Solutions
   
34
     
802
 
Keyence
   
92
     
37,529
 
Kyocera
   
176
     
9,323
 
Lasertec
   
44
     
6,016
 
Murata Manufacturing
   
326
     
19,611
 
NEC
   
138
     
5,379
 
Nomura Research Institute
   
208
     
5,956
 
NTT Data
   
339
     
6,288
 
Obic
   
29
     
4,316
 
Omron
   
103
     
6,142
 
Oracle Japan *
   
21
     
1,358
 
Otsuka
   
52
     
1,716
 
Renesas Electronics *
   
693
     
7,531
 
Rohm
   
48
     
3,394
 
Shimadzu
   
140
     
4,630
 
TDK
   
190
     
5,961
 
Tokyo Electron
   
76
     
32,545
 
Trend Micro *
   
67
     
3,754
 
             
202,148
 
                 
                 
Materials — 1.1%
               
Asahi Kasei
   
704
     
5,822
 
JFE Holdings
   
298
     
3,669
 
Nippon Paint Holdings
   
687
     
5,509
 
Nippon Sanso Holdings
   
113
     
2,038
 
Nippon Steel
   
472
     
7,540
 
Nitto Denko
   
79
     
5,335
 
Shin-Etsu Chemical
   
191
     
26,514
 
Sumitomo Metal Mining
   
140
     
6,128
 
Toray Industries
   
869
     
4,151
 
             
66,706
 

The accompanying notes are an integral part of the financial statements.
219


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Real Estate — 0.7%
           
Daiwa House Industry
   
330
   
$
8,005
 
Hulic
   
251
     
2,127
 
Mitsubishi Estate
   
675
     
9,813
 
Mitsui Fudosan
   
465
     
9,854
 
Nippon Prologis
   
1
     
2,783
 
Nomura Real Estate Master Fund
   
2
     
2,516
 
Sumitomo Realty & Development
   
240
     
6,361
 
             
41,459
 
                 
                 
Utilities — 0.2%
               
Chubu Electric Power
   
380
     
3,848
 
Kansai Electric Power
   
426
     
3,748
 
Osaka Gas
   
209
     
3,783
 
Tokyo Gas
   
196
     
3,769
 
             
15,148
 
                 
                 
TOTAL JAPAN
           
1,658,291
 
LUXEMBOURG — 0.1%
               
Materials — 0.1%
               
ArcelorMittal
   
306
     
9,076
 
                 
                 
MACAO — 0.2%
               
Consumer Discretionary — 0.2%
               
Galaxy Entertainment Group *
   
1,420
     
8,253
 
Sands China *
   
1,500
     
3,372
 
                 
                 
TOTAL MACAO
           
11,625
 
NETHERLANDS — 6.3%
               
Communication Services — 0.2%
               
Universal Music Group
   
633
     
14,882
 
                 
                 
Consumer Staples — 0.8%
               
Heineken
   
211
     
20,790
 
Koninklijke Ahold Delhaize
   
923
     
27,352
 
             
48,142
 

The accompanying notes are an integral part of the financial statements.
220


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Energy — 1.6%
           
Shell
   
3,627
   
$
98,951
 
                 
                 
Financials — 0.4%
               
EXOR
   
53
     
3,735
 
ING Groep
   
1,879
     
18,039
 
             
21,774
 
                 
                 
Health Care — 0.8%
               
Koninklijke Philips
   
1,838
     
48,475
 
                 
                 
Information Technology — 2.3%
               
Adyen *
   
17
     
29,107
 
ASML Holding
   
199
     
115,045
 
             
144,152
 
                 
                 
Materials — 0.2%
               
Koninklijke DSM
   
88
     
14,909
 
                 
                 
TOTAL NETHERLANDS
           
391,285
 
NEW ZEALAND — 0.6%
               
Communication Services — 0.0%
               
Spark New Zealand
   
945
     
3,018
 
                 
                 
Health Care — 0.3%
               
Fisher & Paykel Healthcare
   
1,198
     
16,718
 
Ryman Healthcare
   
808
     
4,830
 
             
21,548
 
                 
                 
Industrials — 0.1%
               
Auckland International Airport *
   
677
     
3,443
 
                 
                 
Information Technology — 0.1%
               
Xero *
   
65
     
4,450
 
                 
                 
Utilities — 0.1%
               
Contact Energy
   
371
     
1,970
 
Mercury NZ
   
312
     
1,227
 

The accompanying notes are an integral part of the financial statements.
221


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Utilities — continued
           
Meridian Energy
   
614
   
$
1,889
 
             
5,086
 
                 
                 
TOTAL NEW ZEALAND
           
37,545
 
NORWAY — 1.1%
               
Communication Services — 0.1%
               
Schibsted, Cl A
   
44
     
933
 
Schibsted, Cl B
   
50
     
974
 
Telenor
   
328
     
4,679
 
             
6,586
 
                 
                 
Consumer Staples — 0.3%
               
Mowi
   
391
     
11,193
 
Orkla
   
676
     
5,541
 
Salmar
   
48
     
3,982
 
             
20,716
 
                 
                 
Energy — 0.3%
               
Aker BP
   
58
     
2,120
 
Equinor
   
515
     
17,747
 
             
19,867
 
                 
                 
Financials — 0.2%
               
DNB Bank
   
452
     
8,915
 
Gjensidige Forsikring
   
94
     
2,034
 
             
10,949
 
                 
                 
Industrials — 0.1%
               
TOMRA Systems
   
68
     
2,721
 
                 
                 
Materials — 0.1%
               
Norsk Hydro
   
701
     
6,015
 
                 
                 
TOTAL NORWAY
           
66,854
 

The accompanying notes are an integral part of the financial statements.
222


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
PORTUGAL — 0.1%
           
Utilities — 0.1%
           
Energias de Portugal
   
1,405
   
$
6,584
 
                 
                 
SINGAPORE — 1.4%
               
Communication Services — 0.1%
               
Singapore Telecommunications
   
3,445
     
6,910
 
                 
                 
Financials — 0.9%
               
DBS Group Holdings
   
898
     
22,058
 
Oversea-Chinese Banking
   
1,911
     
17,147
 
United Overseas Bank
   
747
     
16,223
 
             
55,428
 
                 
                 
Industrials — 0.1%
               
Singapore Airlines *
   
832
     
3,314
 
Singapore Technologies Engineering
   
891
     
2,645
 
             
5,959
 
                 
                 
Information Technology — 0.2%
               
STMicroelectronics
   
311
     
11,736
 
                 
                 
Real Estate — 0.1%
               
Ascendas Real Estate Investment Trust
   
1,644
     
3,405
 
CapitaLand Integrated Commercial Trust
   
2,131
     
3,596
 
Capitaland Investment
   
1,179
     
3,611
 
             
10,612
 
                 
                 
TOTAL SINGAPORE
           
90,645
 
SOUTH AFRICA — 0.5%
               
Materials — 0.5%
               
Anglo American
   
670
     
30,165
 
                 
                 
SOUTH KOREA — 0.1%
               
Consumer Discretionary — 0.1%
               
Delivery Hero *
   
95
     
3,391
 

The accompanying notes are an integral part of the financial statements.
223


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
SPAIN — 2.3%
           
Communication Services — 0.4%
           
Cellnex Telecom *
   
274
   
$
12,880
 
Telefonica
   
2,596
     
12,688
 
             
25,568
 
                 
                 
Consumer Discretionary — 0.2%
               
Industria de Diseno Textil
   
571
     
12,108
 
                 
                 
Financials — 0.7%
               
Banco Bilbao Vizcaya Argentaria
   
3,113
     
16,614
 
Banco Santander
   
8,085
     
24,023
 
             
40,637
 
                 
                 
Industrials — 0.1%
               
Aena SME *
   
44
     
6,327
 
                 
                 
Information Technology — 0.2%
               
Amadeus IT Group *
   
222
     
14,145
 
                 
                 
Utilities — 0.7%
               
EDP Renovaveis
   
123
     
2,938
 
Endesa
   
161
     
3,402
 
Iberdrola
   
2,712
     
31,500
 
Naturgy Energy Group
   
165
     
5,001
 
             
42,841
 
                 
                 
TOTAL SPAIN
           
141,626
 
SWEDEN — 3.7%
               
Communication Services — 0.1%
               
Telia
   
1,274
     
5,318
 
                 
                 
Consumer Discretionary — 0.2%
               
Evolution
   
96
     
10,061
 
                 
                 
Consumer Staples — 0.4%
               
Essity, Cl B
   
530
     
14,125
 

The accompanying notes are an integral part of the financial statements.
224


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Staples — continued
           
Swedish Match
   
1,405
   
$
11,282
 
             
25,407
 
                 
                 
Financials — 0.9%
               
EQT
   
129
     
3,746
 
Industrivarden, Cl A
   
94
     
2,446
 
Industrivarden, Cl C
   
88
     
2,251
 
Investor, Cl A
   
255
     
5,395
 
Investor, Cl B
   
843
     
16,453
 
Kinnevik, Cl A *
   
1
     
22
 
Kinnevik, Cl B *
   
119
     
2,371
 
L E Lundbergforetagen, Cl B
   
27
     
1,279
 
Skandinaviska Enskilda Banken, Cl A
   
802
     
9,135
 
Skandinaviska Enskilda Banken, Cl C
   
4
     
49
 
Svenska Handelsbanken, Cl A
   
762
     
7,779
 
Svenska Handelsbanken, Cl B
   
21
     
239
 
Swedbank, Cl A
   
463
     
7,420
 
             
58,585
 
                 
                 
Industrials — 1.3%
               
Alfa Laval
   
168
     
4,750
 
Assa Abloy, Cl B
   
531
     
13,609
 
Atlas Copco, Cl A
   
347
     
16,012
 
Atlas Copco, Cl B
   
205
     
8,249
 
Epiroc, Cl A
   
329
     
6,773
 
Epiroc, Cl B
   
220
     
3,887
 
Investment Latour, Cl B
   
73
     
1,961
 
Nibe Industrier, Cl B
   
742
     
7,383
 
Skanska, Cl B
   
196
     
3,794
 
SKF, Cl B
   
190
     
3,150
 
Volvo, Cl A
   
87
     
1,444
 
Volvo, Cl B
   
856
     
13,849
 
             
84,861
 

The accompanying notes are an integral part of the financial statements.
225


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — 0.4%
           
Hexagon, Cl B
   
1,020
   
$
13,383
 
Telefonaktiebolaget LM Ericsson, Cl B
   
1,337
     
10,833
 
             
24,216
 
                 
                 
Materials — 0.3%
               
Sandvik
   
586
     
11,264
 
Svenska Cellulosa, Cl B
   
310
     
6,083
 
             
17,347
 
                 
                 
Real Estate — 0.1%
               
Fastighets Balder, Cl B *
   
44
     
2,209
 
Sagax, Cl B
   
65
     
1,682
 
Sagax, Cl D
   
1
     
3
 
             
3,894
 
                 
                 
TOTAL SWEDEN
           
229,689
 
SWITZERLAND — 4.1%
               
Consumer Discretionary — 0.5%
               
Cie Financiere Richemont, Cl A
   
270
     
32,128
 
                 
                 
Financials — 1.2%
               
Partners Group Holding
   
11
     
11,871
 
UBS Group
   
1,787
     
30,773
 
Zurich Insurance Group
   
72
     
33,075
 
             
75,719
 
                 
                 
Health Care — 1.2%
               
Alcon
   
1,038
     
75,178
 
                 
                 
Industrials — 0.6%
               
ABB
   
969
     
29,550
 
Kuehne + Nagel International
   
25
     
7,085
 
             
36,635
 
                 
                 
Materials — 0.6%
               
Givaudan
   
4
     
16,051
 

The accompanying notes are an integral part of the financial statements.
226


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Materials — continued
           
Sika
   
73
   
$
22,638
 
             
38,689
 
                 
                 
TOTAL SWITZERLAND
           
258,349
 
TAIWAN — 0.2%
               
Communication Services — 0.2%
               
Sea ADR *
   
156
     
12,911
 
                 
                 
UNITED KINGDOM — 9.5%
               
Communication Services — 0.6%
               
BT Group
   
4,303
     
9,581
 
Vodafone Group
   
12,893
     
19,674
 
WPP
   
554
     
6,990
 
             
36,245
 
                 
                 
Consumer Discretionary — 0.4%
               
Compass Group
   
913
     
19,509
 
Entain *
   
290
     
5,529
 
             
25,038
 
                 
                 
Consumer Staples — 2.7%
               
Associated British Foods
   
316
     
6,374
 
Coca-Cola Europacific Partners
   
185
     
9,241
 
Diageo
   
2,070
     
104,436
 
Imperial Brands
   
856
     
17,904
 
Ocado Group *
   
586
     
6,798
 
Tesco
   
6,796
     
23,208
 
             
167,961
 
                 
                 
Energy — 0.7%
               
BP
   
9,316
     
45,796
 
                 
                 
Financials — 2.4%
               
3i Group
   
451
     
7,502
 
Aviva
   
1,786
     
9,716
 
Barclays
   
7,332
     
13,642
 

The accompanying notes are an integral part of the financial statements.
227


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Financials — continued
           
HSBC Holdings
   
9,805
   
$
61,711
 
Legal & General Group
   
2,960
     
9,369
 
Lloyds Banking Group
   
32,831
     
18,911
 
London Stock Exchange Group
   
161
     
16,001
 
NatWest Group
   
2,587
     
7,081
 
Standard Chartered
   
1,229
     
8,514
 
             
152,447
 
                 
                 
Health Care — 0.5%
               
Smith & Nephew
   
1,839
     
30,084
 
                 
                 
Industrials — 1.3%
               
Ashtead Group
   
245
     
12,854
 
CK Hutchison Holdings
   
1,520
     
10,694
 
CNH Industrial
   
526
     
7,619
 
Experian
   
525
     
18,403
 
RELX
   
1,078
     
32,387
 
             
81,957
 
                 
                 
Materials — 0.1%
               
Croda International
   
68
     
6,663
 
                 
                 
Real Estate — 0.2%
               
Segro
   
591
     
9,961
 
                 
                 
Utilities — 0.6%
               
National Grid
   
1,855
     
27,808
 
SSE
   
523
     
12,269
 
             
40,077
 
                 
                 
TOTAL UNITED KINGDOM
           
596,229
 
UNITED STATES — 1.8%
               
Communication Services — 0.1%
               
Spotify Technology *
   
64
     
6,506
 
                 
                 
Consumer Discretionary — 0.3%
               
Fiverr International *
   
21
     
1,118
 

The accompanying notes are an integral part of the financial statements.
228


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Discretionary — continued
           
Stellantis
   
1,141
   
$
15,627
 
             
16,745
 
                 
                 
Health Care — 0.0%
               
Inmode *
   
112
     
2,812
 
                 
                 
Industrials — 1.0%
               
Ferguson
   
125
     
15,913
 
Schneider Electric
   
308
     
44,742
 
             
60,655
 
                 
                 
Information Technology — 0.3%
               
Atlassian, Cl A *
   
69
     
15,513
 
CyberArk Software *
   
21
     
3,300
 
Monday.com *
   
1
     
129
 
Sinch *
   
260
     
1,178
 
             
20,120
 
                 
                 
Materials — 0.1%
               
James Hardie Industries
   
228
     
6,731
 
                 
                 
TOTAL UNITED STATES
           
113,569
 
TOTAL COMMON STOCK
               
(Cost $6,384,912)
           
6,210,502
 
                 
PREFERRED STOCK — 0.5%
               
GERMANY— 0.5%
               
Consumer Discretionary — 0.3%
               
Bayerische Motoren Werke (D)
   
25
     
1,863
 
Porsche Automobil Holding (D)
   
76
     
6,377
 
Volkswagen (D)
   
97
     
15,241
 
             
23,481
 
Consumer Staples — 0.2%
               
Henkel & KGaA (D)
   
159
     
10,293
 

The accompanying notes are an integral part of the financial statements.
229


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P Catholic Values Developed ex-US ETF
 


   
Shares
   
Value
 
PREFERRED STOCK — continued
               
TOTAL GERMANY
         
$
33,774
 
TOTAL PREFERRED STOCK
               
(Cost $43,542)
           
33,774
 
TOTAL INVESTMENTS — 99.8%
               
(Cost $6,428,454)
         
$
6,244,276
 


Percentages are based on Net Assets of $6,257,691.

*
Non-income producing security.
Real Estate Investment Trust
(A)
Security considered illiquid. The total value of such securities as of April 30, 2022 was $2,092 and represented 0.0% of Net Assets.
(B)
Security is fair valued using methods determined in good faith by the Fair Value Committee of the Fund. The total value of such securities as of April 30, 2022, was $2,092 and represents 0.0% of Net Assets.
(C)
Level 3 security in accordance with fair value hierarchy.
(D)
There is currently no stated interest rate.


The following is a summary of the level of inputs used as of April 30, 2022, in valuing the Fund’s investments carried at value:

Investments in Securities
 
Level 1
   
Level 2
   
Level 3(1)
   
Total
 
Common Stock
 
$
4,520,445
   
$
1,687,965
   
$
2,092
   
$
6,210,502
 
Preferred Stock
   
33,774
     
     
     
33,774
 
Total Investments in Securities
 
$
4,554,219
   
$
1,687,965
   
$
2,092
   
$
6,244,276
 


(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 beginning and/or end of the year 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.






The accompanying notes are an integral part of the financial statements.
230


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Guru® Index ETF
 


 
   
Shares
   
Value
 
COMMON STOCK — 98.4%
           
CHINA — 4.5%
           
Communication Services — 1.1%
           
Bilibili ADR *(A)
   
23,811
   
$
579,560
 
                 
                 
Consumer Discretionary — 2.3%
               
JD.com ADR *
   
11,609
     
715,811
 
XPeng ADR, Cl A *
   
22,063
     
542,970
 
             
1,258,781
 
                 
                 
Information Technology — 1.1%
               
GDS Holdings ADR * (A)
   
19,060
     
598,865
 
                 
                 
TOTAL CHINA
           
2,437,206
 

The accompanying notes are an integral part of the financial statements.
231


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Guru® Index ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
DENMARK — 1.2%
               
Health Care — 1.2%
               
Ascendis Pharma ADR *
   
7,209
   
$
657,965
 
                 
                 
ISRAEL — 1.3%
               
Information Technology — 1.3%
               
NICE Systems ADR *
   
3,348
     
691,061
 
                 
                 
UNITED KINGDOM — 1.4%
               
Communication Services — 1.4%
               
Liberty Global, Cl C *
   
30,987
     
734,392
 
                 
                 
UNITED STATES — 90.0%
               
Communication Services — 10.5%
               
Alphabet, Cl C *
   
324
     
744,983
 
Charter Communications, Cl A *
   
1,450
     
621,310
 
DISH Network, Cl A *
   
27,712
     
790,069
 
Frontier Communications Parent *
   
31,294
     
825,849
 
Liberty Broadband, Cl C *
   
5,768
     
644,978
 
Meta Platforms, Cl A *
   
3,998
     
801,479
 
Netflix *
   
2,175
     
414,033
 
New York Times, Cl A
   
20,485
     
784,985
 
             
5,627,686
 
                 
                 
Consumer Discretionary — 15.6%
               
Amazon.com *
   
282
     
700,948
 
Bath & Body Works
   
15,961
     
844,177
 
Booking Holdings *
   
334
     
738,244
 
Churchill Downs
   
3,894
     
790,248
 
Expedia Group *
   
4,170
     
728,707
 
Floor & Decor Holdings, Cl A *
   
8,179
     
652,030
 
Home Depot
   
2,502
     
751,601
 
Lithia Motors, Cl A
   
2,767
     
783,421
 
Lowe’s
   
3,874
     
766,006
 
MGM Resorts International
   
19,604
     
804,548
 

The accompanying notes are an integral part of the financial statements.
232


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Guru® Index ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Consumer Discretionary — continued
               
Vista Outdoor *
   
23,622
   
$
832,203
 
             
8,392,133
 
                 
                 
Consumer Staples — 4.8%
               
BellRing Brands *
   
10,388
     
222,615
 
Mondelez International, Cl A
   
13,457
     
867,708
 
Post Holdings *
   
8,082
     
601,220
 
Procter & Gamble
   
5,635
     
904,699
 
             
2,596,242
 
                 
                 
Energy — 4.2%
               
Chesapeake Energy
   
12,979
     
1,064,537
 
Texas Pacific Land
   
856
     
1,169,810
 
             
2,234,347
 
                 
                 
Financials — 8.7%
               
Arch Capital Group *
   
18,534
     
846,448
 
First American Financial
   
12,567
     
732,782
 
KKR
   
14,141
     
720,767
 
S&P Global
   
4,591
     
1,728,512
 
Wells Fargo
   
15,139
     
660,514
 
             
4,689,023
 
                 
                 
Health Care — 12.1%
               
Arcus Biosciences *
   
29,753
     
720,320
 
Bausch Health *
   
34,616
     
658,050
 
BioLife Solutions *
   
32,989
     
417,971
 
Fate Therapeutics *
   
23,331
     
666,333
 
Mettler-Toledo International *
   
619
     
790,791
 
Mirati Therapeutics *
   
8,230
     
508,532
 
Rocket Pharmaceuticals *
   
44,191
     
454,283
 
Seagen *
   
6,866
     
899,515
 
Tenet Healthcare *
   
10,527
     
763,313
 
Viatris, Cl W *
   
57,697
     
596,010
 
             
6,475,118
 
                 

The accompanying notes are an integral part of the financial statements.
233


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Guru® Index ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Industrials — 4.1%
               
Enovix *
   
55,720
   
$
503,709
 
Howmet Aerospace
   
25,257
     
861,769
 
Otis Worldwide
   
11,249
     
819,377
 
             
2,184,855
 
                 
                 
Information Technology — 15.3%
               
Anaplan *
   
18,534
     
1,204,524
 
Apple
   
5,115
     
806,380
 
Bill.com Holdings *
   
3,483
     
594,583
 
Elastic *
   
9,515
     
724,472
 
Fiserv *
   
9,129
     
893,912
 
Microsoft
   
2,942
     
816,464
 
Pegasystems
   
8,751
     
670,239
 
SentinelOne, Cl A *
   
19,218
     
639,383
 
Snowflake, Cl A *
   
2,947
     
505,234
 
Unity Software *
   
7,781
     
516,736
 
Visa, Cl A
   
3,879
     
826,731
 
             
8,198,658
 
                 
                 
Materials — 8.3%
               
Berry Global Group *
   
13,929
     
784,899
 
Crown Holdings
   
7,257
     
798,560
 
Ginkgo Bioworks Holdings * (A)
   
159,263
     
461,863
 
Huntsman
   
22,288
     
754,894
 
International Flavors & Fragrances
   
6,553
     
794,879
 
Sherwin-Williams
   
3,230
     
888,121
 
             
4,483,216
 
                 
                 
Real Estate — 4.5%
               
American Tower, Cl A
   
3,787
     
912,743
 
ProLogis
   
6,085
     
975,365
 
Zillow Group, Cl C *
   
13,565
     
540,158
 
             
2,428,266
 
                 

The accompanying notes are an integral part of the financial statements.
234


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Guru® Index ETF
 

   
Shares/Face Amount
   
Value
 
COMMON STOCK — continued
               
Utilities — 1.9%
               
Vistra
   
40,671
   
$
1,017,588
 
                 
                 
TOTAL UNITED STATES
           
48,327,132
 
TOTAL COMMON STOCK
               
(Cost $61,333,572)
           
52,847,756
 
                 
MASTER LIMITED PARTNERSHIP — 1.6%
               
UNITED STATES— 1.6%
               
Industrials — 1.6%
               
Icahn Enterprises (Cost $805,811)
   
15,952
     
839,713
 
                 
SHORT-TERM INVESTMENT(B)(C) — 1.3%
               
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.160%
               
(Cost $708,349) 
   
708,349
     
708,349
 
                 
REPURCHASE AGREEMENT(B) — 0.9%
               
BNP Paribas
               
0.240%, dated 04/29/2022, to be repurchased on 05/02/2022, repurchase price $507,925 (collateralized by various U.S. Treasury Obligations, ranging in par value $40,450 - $54,387, 0.250%, 09/30/2025, with a total market value of $517,753)
               
(Cost $507,915) 
 
$
507,915
     
507,915
 
TOTAL INVESTMENTS — 102.2%
               
(Cost $63,355,647)
         
$
54,903,733
 


Percentages are based on Net Assets of $53,722,879.

Cl — Class
S&P — Standard & Poor’s





The accompanying notes are an integral part of the financial statements.
235


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X Guru® Index ETF
 


*
Non-income producing security.
Real Estate Investment Trust
(A)
This security or a partial position of this security is on loan at April 30, 2022.  The total value of securities on loan at April 30, 2022 was $1,227,224.
(B)
Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2022 was $1,216,264.
(C)
The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2022.


The following is a summary of the level of inputs used as of April 30, 2022, in valuing the Fund’s investments carried at value:

Investments in Securities
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Common Stock
 
$
52,847,756
   
$
   
$
   
$
52,847,756
 
Master Limited Partnership
   
839,713
     
     
     
839,713
 
Short-Term Investment
   
708,349
     
     
     
708,349
 
Repurchase Agreement
   
     
507,915
     
     
507,915
 
Total Investments in Securities
 
$
54,395,818
   
$
507,915
   
$
   
$
54,903,733
 


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






The accompanying notes are an integral part of the financial statements.
236


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Tail Risk ETF
 



   
Shares
   
Value
 
COMMON STOCK — 97.2%(A)
           
CHINA — 0.1%
           
Information Technology — 0.1%
           
NXP Semiconductors
   
22
   
$
3,760
 
                 
                 
SWITZERLAND — 0.1%
               
Information Technology — 0.1%
               
TE Connectivity
   
29
     
3,619
 
                 
                 
UNITED KINGDOM — 0.5%
               
Materials — 0.5%
               
Linde
   
44
     
13,726
 
                 
                 
UNITED STATES — 96.5%
               
Communication Services — 8.4%
               
Activision Blizzard
   
65
     
4,914
 
Alphabet, Cl A *
   
27
     
61,619
 
Alphabet, Cl C *
   
24
     
55,184
 
AT&T
   
624
     
11,769
 
Charter Communications, Cl A *
   
10
     
4,285
 
Comcast, Cl A
   
398
     
15,825
 

The accompanying notes are an integral part of the financial statements.
237


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Tail Risk ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Communication Services — continued
               
DISH Network, Cl A *
   
26
   
$
741
 
Electronic Arts
   
26
     
3,069
 
Fox, Cl A
   
26
     
932
 
Fox, Cl B
   
13
     
432
 
Interpublic Group
   
39
     
1,272
 
Live Nation Entertainment *
   
13
     
1,364
 
Lumen Technologies
   
91
     
916
 
Match Group *
   
25
     
1,979
 
Meta Platforms, Cl A *
   
202
     
40,495
 
Netflix *
   
39
     
7,424
 
News, Cl A
   
39
     
775
 
News, Cl B
   
13
     
259
 
Omnicom Group
   
16
     
1,218
 
Paramount Global, Cl B
   
52
     
1,514
 
Take-Two Interactive Software *
   
10
     
1,195
 
T-Mobile US *
   
52
     
6,403
 
Twitter *
   
68
     
3,333
 
Verizon Communications
   
361
     
16,714
 
Walt Disney *
   
159
     
17,749
 
Warner Bros Discovery *
   
189
     
3,430
 
             
264,810
 
                 
                 
Consumer Discretionary — 11.1%
               
Advance Auto Parts
   
5
     
998
 
Amazon.com *
   
38
     
94,454
 
Aptiv *
   
26
     
2,766
 
AutoZone *
   
2
     
3,911
 
Bath & Body Works
   
26
     
1,375
 
Best Buy
   
22
     
1,978
 
Booking Holdings *
   
4
     
8,841
 
BorgWarner
   
26
     
958
 
Caesars Entertainment *
   
21
     
1,392
 
CarMax *
   
13
     
1,115
 

The accompanying notes are an integral part of the financial statements.
238


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Tail Risk ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Consumer Discretionary — continued
               
Carnival *
   
68
   
$
1,176
 
Chipotle Mexican Grill, Cl A *
   
2
     
2,911
 
Darden Restaurants
   
13
     
1,713
 
Dollar General
   
19
     
4,513
 
Dollar Tree *
   
18
     
2,924
 
Domino’s Pizza
   
3
     
1,014
 
DR Horton
   
26
     
1,809
 
eBay
   
55
     
2,856
 
Etsy *
   
13
     
1,212
 
Expedia Group *
   
13
     
2,272
 
Ford Motor
   
344
     
4,871
 
Garmin
   
13
     
1,427
 
General Motors *
   
132
     
5,004
 
Genuine Parts
   
13
     
1,691
 
Hasbro
   
13
     
1,145
 
Hilton Worldwide Holdings
   
26
     
4,038
 
Home Depot
   
91
     
27,336
 
Las Vegas Sands *
   
26
     
921
 
Lennar, Cl A
   
26
     
1,989
 
LKQ
   
26
     
1,290
 
Lowe’s
   
60
     
11,864
 
Marriott International, Cl A
   
24
     
4,261
 
McDonald’s
   
65
     
16,195
 
MGM Resorts International
   
31
     
1,272
 
Mohawk Industries *
   
4
     
564
 
Newell Brands
   
29
     
671
 
NIKE, Cl B
   
111
     
13,842
 
Norwegian Cruise Line Holdings *
   
29
     
581
 
O’Reilly Automotive *
   
6
     
3,639
 
Penn National Gaming *
   
13
     
475
 
Pool
   
3
     
1,216
 
PulteGroup
   
26
     
1,086
 

The accompanying notes are an integral part of the financial statements.
239


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Tail Risk ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Consumer Discretionary — continued
               
PVH
   
8
   
$
582
 
Ralph Lauren, Cl A
   
3
     
313
 
Ross Stores
   
34
     
3,392
 
Royal Caribbean Cruises *
   
22
     
1,710
 
Starbucks
   
104
     
7,763
 
Tapestry
   
26
     
856
 
Target
   
42
     
9,603
 
Tesla *
   
73
     
63,566
 
TJX
   
107
     
6,557
 
Tractor Supply
   
9
     
1,813
 
Ulta Beauty *
   
4
     
1,587
 
Under Armour, Cl A *
   
13
     
200
 
Under Armour, Cl C *
   
13
     
184
 
VF
   
26
     
1,352
 
Whirlpool
   
5
     
908
 
Wynn Resorts *
   
13
     
916
 
Yum! Brands
   
26
     
3,042
 
             
349,910
 
                 
                 
Consumer Staples — 6.7%
               
Altria Group
   
159
     
8,836
 
Archer-Daniels-Midland
   
52
     
4,657
 
Brown-Forman, Cl B
   
13
     
877
 
Campbell Soup
   
13
     
614
 
Church & Dwight
   
21
     
2,049
 
Clorox
   
13
     
1,865
 
Coca-Cola
   
340
     
21,967
 
Colgate-Palmolive
   
78
     
6,010
 
Conagra Brands
   
39
     
1,362
 
Constellation Brands, Cl A
   
15
     
3,691
 
Costco Wholesale
   
39
     
20,737
 
Estee Lauder, Cl A
   
20
     
5,281
 
General Mills
   
52
     
3,678
 

The accompanying notes are an integral part of the financial statements.
240


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Tail Risk ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Consumer Staples — continued
               
Hershey
   
13
   
$
2,935
 
Hormel Foods
   
26
     
1,362
 
J M Smucker
   
9
     
1,232
 
Kellogg
   
26
     
1,781
 
Kimberly-Clark
   
30
     
4,165
 
Kraft Heinz
   
55
     
2,345
 
Kroger
   
58
     
3,130
 
Lamb Weston Holdings
   
13
     
859
 
McCormick
   
22
     
2,213
 
Molson Coors Beverage, Cl B
   
13
     
704
 
Mondelez International, Cl A
   
121
     
7,802
 
Monster Beverage *
   
35
     
2,999
 
PepsiCo
   
121
     
20,777
 
Philip Morris International
   
134
     
13,400
 
Procter & Gamble
   
210
     
33,715
 
Sysco
   
48
     
4,103
 
Tyson Foods, Cl A
   
26
     
2,422
 
Walgreens Boots Alliance
   
65
     
2,756
 
Walmart
   
124
     
18,971
 
             
209,295
 
                 
                 
Energy — 4.1%
               
APA
   
29
     
1,187
 
Baker Hughes, Cl A
   
68
     
2,109
 
Chevron
   
168
     
26,321
 
ConocoPhillips
   
117
     
11,176
 
Coterra Energy
   
63
     
1,814
 
Devon Energy
   
52
     
3,025
 
Diamondback Energy
   
13
     
1,641
 
EOG Resources
   
52
     
6,071
 
Exxon Mobil
   
370
     
31,542
 
Halliburton
   
78
     
2,778
 
Hess
   
26
     
2,680
 

The accompanying notes are an integral part of the financial statements.
241


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Tail Risk ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Energy — continued
               
Kinder Morgan
   
172
   
$
3,122
 
Marathon Oil
   
68
     
1,695
 
Marathon Petroleum
   
55
     
4,799
 
Occidental Petroleum
   
78
     
4,297
 
ONEOK
   
39
     
2,470
 
Phillips 66
   
39
     
3,384
 
Pioneer Natural Resources
   
20
     
4,649
 
Schlumberger
   
120
     
4,681
 
Valero Energy
   
39
     
4,348
 
Williams
   
107
     
3,669
 
             
127,458
 
                 
                 
Financials — 10.6%
               
Aflac
   
52
     
2,979
 
Allstate
   
26
     
3,290
 
American Express
   
54
     
9,434
 
American International Group
   
78
     
4,564
 
Ameriprise Financial
   
10
     
2,655
 
Aon, Cl A
   
19
     
5,472
 
Arthur J Gallagher
   
17
     
2,864
 
Assurant
   
4
     
727
 
Bank of America
   
622
     
22,193
 
Bank of New York Mellon
   
68
     
2,860
 
Berkshire Hathaway, Cl B *
   
161
     
51,976
 
BlackRock, Cl A
   
12
     
7,496
 
Brown & Brown
   
22
     
1,364
 
Capital One Financial
   
36
     
4,486
 
Cboe Global Markets
   
9
     
1,017
 
Charles Schwab
   
131
     
8,689
 
Chubb
   
39
     
8,052
 
Cincinnati Financial
   
13
     
1,595
 
Citigroup
   
173
     
8,340
 
Citizens Financial Group
   
39
     
1,537
 

The accompanying notes are an integral part of the financial statements.
242


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Tail Risk ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Financials — continued
               
CME Group, Cl A
   
31
   
$
6,800
 
Comerica
   
13
     
1,065
 
Discover Financial Services
   
26
     
2,924
 
Everest Re Group
   
4
     
1,099
 
FactSet Research Systems
   
3
     
1,210
 
Fifth Third Bancorp
   
65
     
2,439
 
First Republic Bank
   
13
     
1,940
 
Franklin Resources
   
26
     
639
 
Globe Life
   
8
     
785
 
Goldman Sachs Group
   
30
     
9,165
 
Hartford Financial Services Group
   
26
     
1,818
 
Huntington Bancshares
   
130
     
1,709
 
Intercontinental Exchange
   
49
     
5,675
 
Invesco
   
26
     
478
 
JPMorgan Chase
   
260
     
31,034
 
KeyCorp
   
81
     
1,564
 
Lincoln National
   
13
     
782
 
Loews
   
13
     
817
 
M&T Bank
   
17
     
2,833
 
MarketAxess Holdings
   
3
     
791
 
Marsh & McLennan
   
44
     
7,115
 
MetLife
   
65
     
4,269
 
Moody’s
   
13
     
4,114
 
Morgan Stanley
   
124
     
9,993
 
MSCI, Cl A
   
7
     
2,949
 
Nasdaq
   
9
     
1,416
 
Northern Trust
   
18
     
1,855
 
PNC Financial Services Group
   
37
     
6,146
 
Principal Financial Group
   
26
     
1,772
 
Progressive
   
52
     
5,583
 
Prudential Financial
   
30
     
3,255
 
Raymond James Financial
   
18
     
1,754
 

The accompanying notes are an integral part of the financial statements.
243


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Tail Risk ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Financials — continued
               
Regions Financial
   
81
   
$
1,678
 
S&P Global
   
31
     
11,671
 
Signature Bank NY
   
5
     
1,211
 
State Street
   
32
     
2,143
 
SVB Financial Group *
   
5
     
2,438
 
Synchrony Financial
   
44
     
1,620
 
T Rowe Price Group
   
18
     
2,215
 
Travelers
   
21
     
3,592
 
Truist Financial
   
117
     
5,657
 
US Bancorp
   
120
     
5,827
 
W R Berkley
   
19
     
1,263
 
Wells Fargo
   
340
     
14,834
 
Willis Towers Watson
   
11
     
2,363
 
Zions Bancorp
   
13
     
735
 
             
334,625
 
                 
                 
Health Care — 13.8%
               
Abbott Laboratories
   
154
     
17,479
 
AbbVie
   
154
     
22,620
 
ABIOMED *
   
4
     
1,146
 
Agilent Technologies
   
26
     
3,101
 
Align Technology *
   
6
     
1,739
 
AmerisourceBergen, Cl A
   
13
     
1,967
 
Amgen
   
49
     
11,426
 
Anthem
   
21
     
10,541
 
Baxter International
   
47
     
3,340
 
Becton Dickinson
   
26
     
6,427
 
Biogen *
   
13
     
2,697
 
Bio-Rad Laboratories, Cl A *
   
2
     
1,024
 
Bio-Techne
   
3
     
1,139
 
Boston Scientific *
   
130
     
5,474
 
Bristol-Myers Squibb
   
190
     
14,301
 
Cardinal Health
   
26
     
1,509
 

The accompanying notes are an integral part of the financial statements.
244


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Tail Risk ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Health Care — continued
               
Catalent *
   
13
   
$
1,177
 
Centene *
   
52
     
4,189
 
Cerner
   
26
     
2,435
 
Charles River Laboratories International *
   
4
     
966
 
Cigna
   
28
     
6,910
 
Cooper
   
4
     
1,444
 
CVS Health
   
117
     
11,247
 
Danaher
   
56
     
14,063
 
DaVita *
   
5
     
542
 
DENTSPLY SIRONA
   
16
     
640
 
Dexcom *
   
8
     
3,269
 
Edwards Lifesciences *
   
56
     
5,924
 
Eli Lilly
   
69
     
20,157
 
Gilead Sciences
   
115
     
6,824
 
HCA Healthcare
   
21
     
4,506
 
Henry Schein *
   
13
     
1,054
 
Hologic *
   
26
     
1,872
 
Humana
   
11
     
4,890
 
IDEXX Laboratories *
   
7
     
3,013
 
Illumina *
   
13
     
3,856
 
Incyte *
   
13
     
974
 
Intuitive Surgical *
   
31
     
7,418
 
IQVIA Holdings *
   
18
     
3,924
 
Johnson & Johnson
   
232
     
41,867
 
Laboratory Corp of America Holdings
   
8
     
1,922
 
McKesson
   
13
     
4,025
 
Medtronic
   
116
     
12,106
 
Merck
   
220
     
19,512
 
Mettler-Toledo International *
   
2
     
2,555
 
Moderna *
   
31
     
4,167
 
Molina Healthcare *
   
5
     
1,567
 
Organon
   
26
     
841
 

The accompanying notes are an integral part of the financial statements.
245


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Tail Risk ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Health Care — continued
               
PerkinElmer
   
11
   
$
1,613
 
Pfizer
   
492
     
24,142
 
Quest Diagnostics
   
10
     
1,338
 
Regeneron Pharmaceuticals *
   
9
     
5,932
 
ResMed
   
13
     
2,600
 
STERIS
   
10
     
2,241
 
Stryker
   
30
     
7,238
 
Teleflex
   
4
     
1,142
 
Thermo Fisher Scientific
   
35
     
19,352
 
UnitedHealth Group
   
83
     
42,210
 
Universal Health Services, Cl B
   
8
     
980
 
Vertex Pharmaceuticals *
   
22
     
6,011
 
Viatris, Cl W *
   
107
     
1,105
 
Waters *
   
5
     
1,515
 
West Pharmaceutical Services
   
6
     
1,890
 
Zimmer Biomet Holdings
   
18
     
2,173
 
Zoetis, Cl A
   
42
     
7,445
 
             
434,713
 
                 
                 
Industrials — 7.6%
               
3M
   
52
     
7,499
 
Alaska Air Group *
   
13
     
707
 
Allegion
   
9
     
1,028
 
American Airlines Group *
   
55
     
1,032
 
AMETEK
   
22
     
2,778
 
AO Smith
   
13
     
760
 
Boeing *
   
47
     
6,995
 
Carrier Global
   
79
     
3,023
 
Caterpillar
   
48
     
10,106
 
CH Robinson Worldwide
   
13
     
1,380
 
Cintas
   
7
     
2,781
 
Copart *
   
21
     
2,387
 
CSX
   
198
     
6,799
 

The accompanying notes are an integral part of the financial statements.
246


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Tail Risk ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Industrials — continued
               
Cummins
   
13
   
$
2,459
 
Deere
   
24
     
9,061
 
Delta Air Lines *
   
55
     
2,367
 
Dover
   
13
     
1,733
 
Eaton
   
33
     
4,786
 
Emerson Electric
   
52
     
4,689
 
Equifax
   
10
     
2,035
 
Expeditors International of Washington
   
13
     
1,288
 
Fastenal
   
52
     
2,876
 
FedEx
   
21
     
4,174
 
Fortive
   
29
     
1,667
 
Fortune Brands Home & Security
   
13
     
926
 
Generac Holdings *
   
5
     
1,097
 
General Dynamics
   
20
     
4,731
 
General Electric
   
96
     
7,157
 
Honeywell International
   
59
     
11,417
 
Howmet Aerospace
   
39
     
1,331
 
Huntington Ingalls Industries
   
4
     
851
 
IDEX
   
6
     
1,139
 
Illinois Tool Works
   
26
     
5,125
 
Ingersoll Rand
   
39
     
1,714
 
Jacobs Engineering Group
   
13
     
1,801
 
JB Hunt Transport Services
   
7
     
1,196
 
Johnson Controls International
   
65
     
3,892
 
L3Harris Technologies
   
17
     
3,948
 
Leidos Holdings
   
13
     
1,346
 
Lockheed Martin
   
21
     
9,075
 
Masco
   
26
     
1,370
 
Nielsen Holdings
   
29
     
777
 
Nordson
   
5
     
1,078
 
Norfolk Southern
   
21
     
5,415
 
Northrop Grumman
   
13
     
5,712
 

The accompanying notes are an integral part of the financial statements.
247


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Tail Risk ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Industrials — continued
               
Old Dominion Freight Line
   
7
   
$
1,961
 
Otis Worldwide
   
39
     
2,841
 
PACCAR
   
26
     
2,159
 
Parker-Hannifin
   
11
     
2,979
 
Pentair
   
13
     
660
 
Quanta Services
   
13
     
1,508
 
Raytheon Technologies
   
130
     
12,338
 
Republic Services, Cl A
   
18
     
2,417
 
Robert Half International
   
9
     
885
 
Rockwell Automation
   
11
     
2,779
 
Rollins
   
16
     
537
 
Snap-On
   
5
     
1,062
 
Southwest Airlines *
   
52
     
2,429
 
Stanley Black & Decker
   
13
     
1,562
 
Textron
   
16
     
1,108
 
Trane Technologies
   
20
     
2,798
 
TransDigm Group *
   
4
     
2,379
 
Union Pacific
   
57
     
13,355
 
United Airlines Holdings *
   
26
     
1,313
 
United Parcel Service, Cl B
   
65
     
11,699
 
United Rentals *
   
6
     
1,899
 
Verisk Analytics, Cl A
   
13
     
2,653
 
Waste Management
   
33
     
5,427
 
Westinghouse Air Brake Technologies
   
13
     
1,169
 
WW Grainger
   
4
     
2,000
 
Xylem
   
13
     
1,047
 
             
238,472
 
                 
                 
Information Technology — 26.3%
               
Accenture, Cl A
   
55
     
16,520
 
Adobe *
   
41
     
16,234
 
Advanced Micro Devices *
   
141
     
12,058
 
Akamai Technologies *
   
13
     
1,460
 

The accompanying notes are an integral part of the financial statements.
248


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Tail Risk ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — continued
           
Amphenol, Cl A
   
52
   
$
3,718
 
Analog Devices
   
46
     
7,101
 
ANSYS *
   
7
     
1,930
 
Apple
   
1,358
     
214,089
 
Applied Materials
   
78
     
8,607
 
Arista Networks *
   
20
     
2,311
 
Autodesk *
   
19
     
3,596
 
Automatic Data Processing
   
37
     
8,073
 
Broadcom
   
36
     
19,958
 
Broadridge Financial Solutions
   
10
     
1,441
 
Cadence Design Systems *
   
26
     
3,922
 
CDW
   
13
     
2,121
 
Ceridian HCM Holding *
   
12
     
674
 
Cisco Systems
   
369
     
18,074
 
Citrix Systems *
   
13
     
1,301
 
Cognizant Technology Solutions, Cl A
   
49
     
3,964
 
Corning
   
65
     
2,287
 
DXC Technology *
   
26
     
746
 
Enphase Energy *
   
13
     
2,098
 
EPAM Systems *
   
5
     
1,325
 
F5 *
   
4
     
670
 
Fidelity National Information Services
   
52
     
5,156
 
Fiserv *
   
52
     
5,092
 
FleetCor Technologies *
   
7
     
1,747
 
Fortinet *
   
12
     
3,468
 
Gartner *
   
6
     
1,743
 
Global Payments
   
26
     
3,561
 
Hewlett Packard Enterprise
   
117
     
1,803
 
HP
   
92
     
3,370
 
Intel
   
355
     
15,474
 
International Business Machines
   
78
     
10,312
 
Intuit
   
25
     
10,469
 

The accompanying notes are an integral part of the financial statements.
249


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Tail Risk ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — continued
           
IPG Photonics *
   
4
   
$
378
 
Jack Henry & Associates
   
8
     
1,517
 
Juniper Networks
   
26
     
820
 
Keysight Technologies *
   
16
     
2,244
 
KLA
   
13
     
4,150
 
Lam Research
   
12
     
5,589
 
Mastercard, Cl A
   
76
     
27,617
 
Microchip Technology
   
52
     
3,390
 
Micron Technology
   
97
     
6,614
 
Microsoft
   
657
     
182,331
 
Monolithic Power Systems
   
3
     
1,177
 
Motorola Solutions
   
15
     
3,205
 
NetApp
   
22
     
1,612
 
NortonLifeLock
   
52
     
1,302
 
NVIDIA
   
219
     
40,618
 
Oracle
   
138
     
10,129
 
Paychex
   
26
     
3,295
 
Paycom Software *
   
4
     
1,126
 
PayPal Holdings *
   
102
     
8,969
 
PTC *
   
9
     
1,028
 
Qorvo *
   
9
     
1,024
 
QUALCOMM
   
100
     
13,969
 
Roper Technologies
   
9
     
4,229
 
Salesforce *
   
85
     
14,955
 
Seagate Technology Holdings
   
13
     
1,067
 
ServiceNow *
   
17
     
8,128
 
Skyworks Solutions
   
13
     
1,473
 
SolarEdge Technologies *
   
4
     
1,002
 
Synopsys *
   
13
     
3,728
 
Teledyne Technologies *
   
4
     
1,726
 
Teradyne
   
13
     
1,371
 
Texas Instruments
   
82
     
13,961
 

The accompanying notes are an integral part of the financial statements.
250


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Tail Risk ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Information Technology — continued
               
Trimble *
   
26
   
$
1,734
 
Tyler Technologies *
   
3
     
1,184
 
VeriSign *
   
10
     
1,787
 
Visa, Cl A
   
145
     
30,904
 
Western Digital *
   
26
     
1,380
 
Zebra Technologies, Cl A *
   
4
     
1,479
 
             
828,685
 
                 
                 
Materials — 2.3%
               
Air Products & Chemicals
   
18
     
4,213
 
Albemarle
   
9
     
1,735
 
Amcor
   
133
     
1,577
 
Avery Dennison
   
9
     
1,625
 
Ball
   
26
     
2,110
 
Celanese, Cl A
   
8
     
1,176
 
CF Industries Holdings
   
16
     
1,549
 
Corteva
   
65
     
3,750
 
Dow
   
65
     
4,322
 
DuPont de Nemours
   
45
     
2,967
 
Eastman Chemical
   
13
     
1,335
 
Ecolab
   
22
     
3,725
 
FMC
   
13
     
1,723
 
Freeport-McMoRan
   
130
     
5,272
 
International Flavors & Fragrances
   
22
     
2,669
 
International Paper
   
39
     
1,805
 
LyondellBasell Industries, Cl A
   
26
     
2,757
 
Martin Marietta Materials
   
5
     
1,771
 
Mosaic
   
26
     
1,623
 
Newmont
   
68
     
4,954
 
Nucor
   
26
     
4,024
 
Packaging Corp of America
   
10
     
1,612
 
PPG Industries
   
23
     
2,944
 
Sealed Air
   
13
     
835
 

The accompanying notes are an integral part of the financial statements.
251


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Tail Risk ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Materials — continued
               
Sherwin-Williams
   
20
   
$
5,499
 
Vulcan Materials
   
13
     
2,240
 
Westrock
   
26
     
1,288
 
             
71,100
 
                 
                 
Real Estate — 2.8%
               
Alexandria Real Estate Equities
   
13
     
2,368
 
American Tower, Cl A
   
41
     
9,882
 
AvalonBay Communities
   
13
     
2,957
 
Boston Properties
   
13
     
1,529
 
Camden Property Trust
   
10
     
1,569
 
CBRE Group, Cl A *
   
26
     
2,159
 
Crown Castle International
   
39
     
7,223
 
Digital Realty Trust
   
26
     
3,799
 
Duke Realty
   
29
     
1,588
 
Equinix
   
8
     
5,753
 
Equity Residential
   
26
     
2,119
 
Essex Property Trust
   
5
     
1,646
 
Extra Space Storage
   
13
     
2,470
 
Federal Realty Investment Trust
   
5
     
585
 
Healthpeak Properties
   
52
     
1,706
 
Host Hotels & Resorts
   
65
     
1,323
 
Iron Mountain
   
26
     
1,397
 
Kimco Realty
   
52
     
1,317
 
Mid-America Apartment Communities
   
9
     
1,770
 
ProLogis
   
65
     
10,419
 
Public Storage
   
13
     
4,830
 
Realty Income
   
51
     
3,537
 
Regency Centers
   
13
     
895
 
SBA Communications, Cl A
   
9
     
3,124
 
Simon Property Group
   
26
     
3,068
 
UDR
   
26
     
1,383
 
Ventas
   
29
     
1,611
 

The accompanying notes are an integral part of the financial statements.
252


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Tail Risk ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Real Estate — continued
               
Vornado Realty Trust
   
13
   
$
503
 
Welltower
   
39
     
3,542
 
Weyerhaeuser
   
65
     
2,679
 
             
88,751
 
                 
                 
Utilities — 2.8%
               
AES
   
55
     
1,123
 
Alliant Energy
   
26
     
1,529
 
Ameren
   
26
     
2,415
 
American Electric Power
   
47
     
4,658
 
American Water Works
   
16
     
2,465
 
Atmos Energy
   
13
     
1,474
 
CenterPoint Energy
   
52
     
1,592
 
CMS Energy
   
26
     
1,786
 
Consolidated Edison
   
26
     
2,411
 
Constellation Energy
   
30
     
1,776
 
Dominion Energy
   
75
     
6,123
 
DTE Energy
   
17
     
2,228
 
Duke Energy
   
65
     
7,161
 
Edison International
   
29
     
1,995
 
Entergy
   
17
     
2,021
 
Evergy
   
19
     
1,289
 
Eversource Energy
   
26
     
2,272
 
Exelon
   
90
     
4,210
 
FirstEnergy
   
52
     
2,252
 
NextEra Energy
   
170
     
12,073
 
NiSource
   
39
     
1,136
 
NRG Energy
   
26
     
933
 
Pinnacle West Capital
   
13
     
926
 
PPL
   
65
     
1,840
 
Public Service Enterprise Group
   
42
     
2,926
 
Sempra Energy
   
26
     
4,195
 
Southern
   
91
     
6,679
 

The accompanying notes are an integral part of the financial statements.
253


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Tail Risk ETF
 

   
Shares/Number of Contracts
   
Value
 
COMMON STOCK — continued
               
Utilities — continued
               
WEC Energy Group
   
26
   
$
2,601
 
Xcel Energy
   
52
     
3,810
 
             
87,899
 
                 
                 
TOTAL UNITED STATES
           
3,035,718
 
TOTAL COMMON STOCK
               
(Cost $3,296,603)
           
3,056,823
 
TOTAL INVESTMENTS — 97.2%
               
(Cost $3,296,603)
         
$
3,056,823
 
                 
                 
           
Value
 
PURCHASED OPTIONS— 2.6%(1)
               
UNITED STATES— 2.6%
               
(Cost $54,491)
   
19
   
$
81,362
 
TOTAL PURCHASED OPTIONS
               


Percentages are based on Net Assets of $3,145,183.

A list of the exchange traded option contracts held by the Fund at April 30, 2022, is as follows:

Description
 
Number of Contracts
   
Notional Amount
   
Exercise Price
 
Expiration Date
 
Value
 
PURCHASED OPTIONS — 2.6%
                         
Put Options
                         
Mini-SPX Index*
   
13
   
$
517,400
   
$
398.00
 
06/17/22
 
$
14,762
 
S&P 500 Index*
   
6
     
2,385,000
     
3,975.00
 
06/17/22
   
66,600
 
Total Purchased Options
         
$
2,902,400
              
$
81,362
 


Cl — Class
S&P — Standard & Poor’s

*
Non-income producing security.





The accompanying notes are an integral part of the financial statements.
254


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Tail Risk ETF
 


Real Estate Investment Trust
(1)
Refer to table below for details on Options Contracts.
(A)
All or a portion of these securities has been segregated as collateral for purchasedoptions contracts. The aggregate market value of collateral at April 30, 2022 was$3,056,823.


The following is a summary of the level of inputs used as of April 30, 2022, in valuing the Fund’s investments carried at value:

Investments in Securities
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Common Stock
 
$
3,056,823
   
$
   
$
   
$
3,056,823
 
Total Investments in Securities
 
$
3,056,823
   
$
   
$
   
$
3,056,823
 


Other Financial Instruments
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Purchased Options
 
$
81,362
   
$
   
$
   
$
81,362
 
Total Other Financial Instruments
 
$
81,362
   
$
   
$
   
$
81,362
 


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






The accompanying notes are an integral part of the financial statements.
255


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Risk Managed Income ETF
 



   
Shares
   
Value
 
COMMON STOCK — 96.5%(A)
           
CHINA — 0.2%
           
Information Technology — 0.2%
           
NXP Semiconductors
   
176
   
$
30,078
 
                 
                 
SWITZERLAND — 0.1%
               
Information Technology — 0.1%
               
TE Connectivity
   
190
     
23,708
 
                 
                 
UNITED KINGDOM — 0.4%
               
Materials — 0.4%
               
Linde
   
311
     
97,020
 
                 
                 
UNITED STATES — 95.8%
               
Communication Services — 8.4%
               
Activision Blizzard
   
480
     
36,288
 
Alphabet, Cl A *
   
187
     
426,769
 
Alphabet, Cl C *
   
171
     
393,185
 
AT&T
   
4,414
     
83,248
 
Charter Communications, Cl A *
   
73
     
31,280
 

The accompanying notes are an integral part of the financial statements.
256


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Risk Managed Income ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Communication Services — continued
               
Comcast, Cl A
   
2,840
   
$
112,918
 
DISH Network, Cl A *
   
184
     
5,246
 
Electronic Arts
   
184
     
21,721
 
Fox, Cl A
   
184
     
6,595
 
Fox, Cl B
   
92
     
3,058
 
Interpublic Group
   
276
     
9,003
 
Live Nation Entertainment *
   
92
     
9,649
 
Lumen Technologies
   
595
     
5,986
 
Match Group *
   
184
     
14,564
 
Meta Platforms, Cl A *
   
1,437
     
288,075
 
Netflix *
   
275
     
52,349
 
News, Cl A
   
276
     
5,481
 
News, Cl B
   
92
     
1,832
 
Omnicom Group
   
112
     
8,527
 
Paramount Global, Cl B
   
368
     
10,716
 
Take-Two Interactive Software *
   
83
     
9,919
 
T-Mobile US *
   
368
     
45,315
 
Twitter *
   
480
     
23,530
 
Verizon Communications
   
2,566
     
118,806
 
Walt Disney *
   
1,127
     
125,807
 
Warner Bros Discovery *
   
1,344
     
24,394
 
             
1,874,261
 
                 
                 
Consumer Discretionary — 11.0%
               
Advance Auto Parts
   
30
     
5,989
 
Amazon.com *
   
270
     
671,120
 
Aptiv *
   
184
     
19,578
 
AutoZone *
   
12
     
23,466
 
Bath & Body Works
   
184
     
9,732
 
Best Buy
   
135
     
12,141
 
Booking Holdings *
   
24
     
53,047
 
BorgWarner
   
184
     
6,777
 
Caesars Entertainment *
   
101
     
6,694
 

The accompanying notes are an integral part of the financial statements.
257


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Risk Managed Income ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Consumer Discretionary — continued
               
CarMax *
   
92
   
$
7,892
 
Carnival *
   
480
     
8,304
 
Chipotle Mexican Grill, Cl A *
   
16
     
23,290
 
Darden Restaurants
   
92
     
12,119
 
Dollar General
   
142
     
33,729
 
Dollar Tree *
   
135
     
21,931
 
Domino’s Pizza
   
18
     
6,084
 
DR Horton
   
184
     
12,805
 
eBay
   
388
     
20,145
 
Etsy *
   
86
     
8,014
 
Expedia Group *
   
92
     
16,077
 
Ford Motor
   
2,485
     
35,188
 
Garmin
   
92
     
10,096
 
General Motors *
   
924
     
35,029
 
Genuine Parts
   
92
     
11,965
 
Hasbro
   
92
     
8,102
 
Hilton Worldwide Holdings
   
184
     
28,573
 
Home Depot
   
655
     
196,762
 
Las Vegas Sands *
   
184
     
6,519
 
Lennar, Cl A
   
184
     
14,074
 
LKQ
   
184
     
9,132
 
Lowe’s
   
418
     
82,651
 
Marriott International, Cl A
   
184
     
32,664
 
McDonald’s
   
463
     
115,361
 
MGM Resorts International
   
276
     
11,327
 
Mohawk Industries *
   
23
     
3,244
 
Newell Brands
   
266
     
6,158
 
NIKE, Cl B
   
814
     
101,506
 
Norwegian Cruise Line Holdings *
   
258
     
5,168
 
NVR *
   
2
     
8,752
 
O’Reilly Automotive *
   
38
     
23,049
 
Penn National Gaming *
   
92
     
3,364
 

The accompanying notes are an integral part of the financial statements.
258


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Risk Managed Income ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Consumer Discretionary — continued
               
Pool
   
20
   
$
8,104
 
PulteGroup
   
184
     
7,684
 
PVH
   
11
     
801
 
Ralph Lauren, Cl A
   
3
     
313
 
Ross Stores
   
192
     
19,156
 
Royal Caribbean Cruises *
   
180
     
13,991
 
Starbucks
   
736
     
54,935
 
Tapestry
   
184
     
6,057
 
Target
   
287
     
65,623
 
Tesla *
   
516
     
449,312
 
TJX
   
734
     
44,980
 
Tractor Supply
   
83
     
16,720
 
Ulta Beauty *
   
28
     
11,110
 
Under Armour, Cl A *
   
92
     
1,413
 
Under Armour, Cl C *
   
92
     
1,305
 
VF
   
184
     
9,568
 
Whirlpool
   
22
     
3,993
 
Wynn Resorts *
   
92
     
6,484
 
Yum! Brands
   
184
     
21,530
 
             
2,470,697
 
                 
                 
Consumer Staples — 6.6%
               
Altria Group
   
1,136
     
63,128
 
Archer-Daniels-Midland
   
368
     
32,958
 
Brown-Forman, Cl B
   
92
     
6,204
 
Campbell Soup
   
92
     
4,344
 
Church & Dwight
   
130
     
12,683
 
Clorox
   
92
     
13,199
 
Coca-Cola
   
2,391
     
154,482
 
Colgate-Palmolive
   
552
     
42,532
 
Conagra Brands
   
276
     
9,641
 
Constellation Brands, Cl A
   
96
     
23,625
 
Costco Wholesale
   
275
     
146,223
 

The accompanying notes are an integral part of the financial statements.
259


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Risk Managed Income ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Consumer Staples — continued
               
Estee Lauder, Cl A
   
143
   
$
37,761
 
General Mills
   
368
     
26,029
 
Hershey
   
92
     
20,771
 
Hormel Foods
   
184
     
9,640
 
J M Smucker
   
53
     
7,257
 
Kellogg
   
184
     
12,604
 
Kimberly-Clark
   
188
     
26,100
 
Kraft Heinz
   
450
     
19,183
 
Kroger
   
459
     
24,768
 
Lamb Weston Holdings
   
92
     
6,081
 
McCormick
   
184
     
18,505
 
Molson Coors Beverage, Cl B
   
92
     
4,981
 
Mondelez International, Cl A
   
858
     
55,324
 
Monster Beverage *
   
252
     
21,591
 
PepsiCo
   
852
     
146,297
 
Philip Morris International
   
938
     
93,800
 
Procter & Gamble
   
1,500
     
240,825
 
Sysco
   
296
     
25,302
 
Tyson Foods, Cl A
   
184
     
17,141
 
Walgreens Boots Alliance
   
460
     
19,504
 
Walmart
   
862
     
131,877
 
             
1,474,360
 
                 
                 
Energy — 4.1%
               
APA
   
217
     
8,882
 
Baker Hughes, Cl A
   
542
     
16,813
 
Chevron
   
1,194
     
187,064
 
ConocoPhillips
   
838
     
80,046
 
Coterra Energy
   
532
     
15,316
 
Devon Energy
   
368
     
21,406
 
Diamondback Energy
   
92
     
11,613
 
EOG Resources
   
368
     
42,968
 
Exxon Mobil
   
2,647
     
225,657
 

The accompanying notes are an integral part of the financial statements.
260


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Risk Managed Income ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Energy — continued
               
Halliburton
   
552
   
$
19,662
 
Hess
   
184
     
18,965
 
Kinder Morgan
   
1,216
     
22,070
 
Marathon Oil
   
480
     
11,962
 
Marathon Petroleum
   
388
     
33,857
 
Occidental Petroleum
   
552
     
30,410
 
ONEOK
   
276
     
17,479
 
Phillips 66
   
276
     
23,946
 
Pioneer Natural Resources
   
140
     
32,546
 
Schlumberger
   
896
     
34,953
 
Valero Energy
   
276
     
30,768
 
Williams
   
756
     
25,923
 
             
912,306
 
                 
                 
Financials — 10.6%
               
Aflac
   
368
     
21,079
 
Allstate
   
184
     
23,283
 
American Express
   
376
     
65,691
 
American International Group
   
552
     
32,297
 
Ameriprise Financial
   
67
     
17,788
 
Aon, Cl A
   
130
     
37,439
 
Arthur J Gallagher
   
119
     
20,050
 
Assurant
   
25
     
4,547
 
Bank of America
   
4,482
     
159,918
 
Bank of New York Mellon
   
480
     
20,189
 
Berkshire Hathaway, Cl B *
   
1,136
     
366,735
 
BlackRock, Cl A
   
92
     
57,470
 
Brown & Brown
   
181
     
11,218
 
Capital One Financial
   
276
     
34,395
 
Cboe Global Markets
   
77
     
8,699
 
Charles Schwab
   
919
     
60,957
 
Chubb
   
276
     
56,980
 
Cincinnati Financial
   
92
     
11,285
 

The accompanying notes are an integral part of the financial statements.
261


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Risk Managed Income ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Financials — continued
               
Citigroup
   
1,239
   
$
59,732
 
Citizens Financial Group
   
276
     
10,874
 
CME Group, Cl A
   
216
     
47,377
 
Comerica
   
92
     
7,535
 
Discover Financial Services
   
184
     
20,693
 
Everest Re Group
   
18
     
4,945
 
FactSet Research Systems
   
19
     
7,666
 
Fifth Third Bancorp
   
460
     
17,264
 
First Republic Bank
   
95
     
14,176
 
Franklin Resources
   
184
     
4,525
 
Globe Life
   
38
     
3,727
 
Goldman Sachs Group
   
206
     
62,931
 
Hartford Financial Services Group
   
184
     
12,867
 
Huntington Bancshares
   
920
     
12,098
 
Intercontinental Exchange
   
368
     
42,618
 
Invesco
   
184
     
3,382
 
JPMorgan Chase
   
1,842
     
219,861
 
KeyCorp
   
572
     
11,045
 
Lincoln National
   
92
     
5,534
 
Loews
   
92
     
5,781
 
M&T Bank
   
112
     
18,664
 
MarketAxess Holdings
   
18
     
4,745
 
Marsh & McLennan
   
301
     
48,672
 
MetLife
   
460
     
30,213
 
Moody’s
   
94
     
29,749
 
Morgan Stanley
   
853
     
68,743
 
MSCI, Cl A
   
51
     
21,484
 
Nasdaq
   
84
     
13,219
 
Northern Trust
   
118
     
12,160
 
PNC Financial Services Group
   
276
     
45,844
 
Principal Financial Group
   
184
     
12,538
 
Progressive
   
368
     
39,508
 

The accompanying notes are an integral part of the financial statements.
262


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Risk Managed Income ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Financials — continued
               
Prudential Financial
   
260
   
$
28,213
 
Raymond James Financial
   
97
     
9,454
 
Regions Financial
   
572
     
11,852
 
S&P Global
   
218
     
82,077
 
Signature Bank NY
   
31
     
7,510
 
State Street
   
206
     
13,796
 
SVB Financial Group *
   
32
     
15,604
 
Synchrony Financial
   
368
     
13,546
 
T Rowe Price Group
   
128
     
15,749
 
Travelers
   
146
     
24,975
 
Truist Financial
   
828
     
40,034
 
US Bancorp
   
848
     
41,179
 
W R Berkley
   
134
     
8,910
 
Wells Fargo
   
2,397
     
104,581
 
Willis Towers Watson
   
72
     
15,470
 
Zions Bancorp
   
92
     
5,199
 
             
2,368,339
 
                 
                 
Health Care — 13.6%
               
Abbott Laboratories
   
1,099
     
124,737
 
AbbVie
   
1,098
     
161,274
 
ABIOMED *
   
22
     
6,305
 
Agilent Technologies
   
184
     
21,946
 
Align Technology *
   
39
     
11,307
 
AmerisourceBergen, Cl A
   
92
     
13,919
 
Amgen
   
358
     
83,482
 
Anthem
   
151
     
75,791
 
Baxter International
   
282
     
20,039
 
Becton Dickinson
   
184
     
45,483
 
Biogen *
   
92
     
19,084
 
Bio-Rad Laboratories, Cl A *
   
8
     
4,096
 
Bio-Techne
   
20
     
7,594
 
Boston Scientific *
   
922
     
38,825
 

The accompanying notes are an integral part of the financial statements.
263


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Risk Managed Income ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Health Care — continued
               
Bristol-Myers Squibb
   
1,372
   
$
103,270
 
Cardinal Health
   
184
     
10,681
 
Catalent *
   
92
     
8,332
 
Centene *
   
368
     
29,642
 
Cerner
   
184
     
17,230
 
Charles River Laboratories International *
   
25
     
6,038
 
Cigna
   
190
     
46,888
 
Cooper
   
25
     
9,026
 
CVS Health
   
828
     
79,596
 
Danaher
   
390
     
97,941
 
DaVita *
   
24
     
2,601
 
DENTSPLY SIRONA
   
112
     
4,479
 
Dexcom *
   
60
     
24,515
 
Edwards Lifesciences *
   
373
     
39,456
 
Eli Lilly
   
488
     
142,559
 
Gilead Sciences
   
768
     
45,573
 
HCA Healthcare
   
147
     
31,539
 
Henry Schein *
   
92
     
7,461
 
Hologic *
   
184
     
13,246
 
Humana
   
75
     
33,342
 
IDEXX Laboratories *
   
55
     
23,676
 
Illumina *
   
92
     
27,292
 
Incyte *
   
92
     
6,896
 
Intuitive Surgical *
   
216
     
51,689
 
IQVIA Holdings *
   
109
     
23,761
 
Johnson & Johnson
   
1,646
     
297,037
 
Laboratory Corp of America Holdings
   
56
     
13,456
 
McKesson
   
92
     
28,484
 
Medtronic
   
826
     
86,201
 
Merck
   
1,561
     
138,445
 
Mettler-Toledo International *
   
12
     
15,330
 
Moderna *
   
199
     
26,748
 

The accompanying notes are an integral part of the financial statements.
264


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Risk Managed Income ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Health Care — continued
               
Molina Healthcare *
   
34
   
$
10,657
 
Organon
   
184
     
5,949
 
PerkinElmer
   
82
     
12,022
 
Pfizer
   
3,524
     
172,923
 
Quest Diagnostics
   
92
     
12,313
 
Regeneron Pharmaceuticals *
   
67
     
44,160
 
ResMed
   
92
     
18,397
 
STERIS
   
59
     
13,219
 
Stryker
   
203
     
48,976
 
Teleflex
   
23
     
6,569
 
Thermo Fisher Scientific
   
240
     
132,701
 
UnitedHealth Group
   
583
     
296,485
 
Universal Health Services, Cl B
   
25
     
3,063
 
Vertex Pharmaceuticals *
   
156
     
42,622
 
Viatris, Cl W *
   
756
     
7,809
 
Waters *
   
31
     
9,394
 
West Pharmaceutical Services
   
47
     
14,808
 
Zimmer Biomet Holdings
   
118
     
14,249
 
Zoetis, Cl A
   
280
     
49,630
 
             
3,042,258
 
                 
                 
Industrials — 7.6%
               
3M
   
368
     
53,073
 
Alaska Air Group *
   
92
     
5,004
 
Allegion
   
72
     
8,225
 
American Airlines Group *
   
388
     
7,283
 
AMETEK
   
168
     
21,212
 
AO Smith
   
92
     
5,376
 
Boeing *
   
328
     
48,819
 
Carrier Global
   
554
     
21,202
 
Caterpillar
   
334
     
70,320
 
CH Robinson Worldwide
   
92
     
9,766
 
Cintas
   
56
     
22,247
 

The accompanying notes are an integral part of the financial statements.
265


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Risk Managed Income ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Industrials — continued
               
Copart *
   
120
   
$
13,638
 
CSX
   
1,400
     
48,076
 
Cummins
   
92
     
17,405
 
Deere
   
173
     
65,316
 
Delta Air Lines *
   
388
     
16,696
 
Dover
   
92
     
12,264
 
Eaton
   
264
     
38,285
 
Emerson Electric
   
368
     
33,186
 
Equifax
   
85
     
17,299
 
Expeditors International of Washington
   
92
     
9,114
 
Fastenal
   
368
     
20,354
 
FedEx
   
149
     
29,612
 
Fortive
   
204
     
11,730
 
Fortune Brands Home & Security
   
92
     
6,555
 
Generac Holdings *
   
32
     
7,020
 
General Dynamics
   
141
     
33,351
 
General Electric
   
652
     
48,607
 
Honeywell International
   
424
     
82,048
 
Howmet Aerospace
   
276
     
9,417
 
Huntington Ingalls Industries
   
16
     
3,404
 
IDEX
   
44
     
8,352
 
Illinois Tool Works
   
184
     
36,268
 
Ingersoll Rand
   
276
     
12,133
 
Jacobs Engineering Group
   
92
     
12,747
 
JB Hunt Transport Services
   
49
     
8,372
 
Johnson Controls International
   
460
     
27,540
 
L3Harris Technologies
   
111
     
25,781
 
Leidos Holdings
   
92
     
9,523
 
Lockheed Martin
   
151
     
65,250
 
Masco
   
184
     
9,695
 
Nielsen Holdings
   
204
     
5,469
 
Nordson
   
28
     
6,039
 

The accompanying notes are an integral part of the financial statements.
266


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Risk Managed Income ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Industrials — continued
               
Norfolk Southern
   
148
   
$
38,166
 
Northrop Grumman
   
92
     
40,425
 
Old Dominion Freight Line
   
69
     
19,328
 
Otis Worldwide
   
276
     
20,104
 
PACCAR
   
184
     
15,281
 
Parker-Hannifin
   
87
     
23,561
 
Pentair
   
92
     
4,669
 
Quanta Services
   
92
     
10,670
 
Raytheon Technologies
   
920
     
87,317
 
Republic Services, Cl A
   
107
     
14,367
 
Robert Half International
   
92
     
9,044
 
Rockwell Automation
   
84
     
21,224
 
Rollins
   
174
     
5,836
 
Snap-On
   
25
     
5,312
 
Southwest Airlines *
   
368
     
17,193
 
Stanley Black & Decker
   
92
     
11,054
 
Textron
   
125
     
8,656
 
Trane Technologies
   
141
     
19,724
 
TransDigm Group *
   
28
     
16,655
 
Union Pacific
   
388
     
90,905
 
United Airlines Holdings *
   
184
     
9,292
 
United Parcel Service, Cl B
   
460
     
82,791
 
United Rentals *
   
35
     
11,078
 
Verisk Analytics, Cl A
   
92
     
18,773
 
Waste Management
   
256
     
42,097
 
Westinghouse Air Brake Technologies
   
92
     
8,272
 
WW Grainger
   
22
     
11,001
 
Xylem
   
92
     
7,406
 
             
1,693,274
 
                 
                 
Information Technology — 26.1%
               
Accenture, Cl A
   
388
     
116,540
 
Adobe *
   
288
     
114,034
 

The accompanying notes are an integral part of the financial statements.
267


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Risk Managed Income ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — continued
           
Advanced Micro Devices *
   
1,021
   
$
87,316
 
Akamai Technologies *
   
92
     
10,330
 
Amphenol, Cl A
   
368
     
26,312
 
Analog Devices
   
323
     
49,865
 
ANSYS *
   
53
     
14,612
 
Apple
   
9,570
     
1,508,710
 
Applied Materials
   
557
     
61,465
 
Arista Networks *
   
123
     
14,215
 
Autodesk *
   
128
     
24,228
 
Automatic Data Processing
   
251
     
54,763
 
Broadcom
   
257
     
142,478
 
Broadridge Financial Solutions
   
83
     
11,963
 
Cadence Design Systems *
   
184
     
27,756
 
CDW
   
92
     
15,013
 
Ceridian HCM Holding *
   
92
     
5,164
 
Cisco Systems
   
2,673
     
130,923
 
Citrix Systems *
   
92
     
9,209
 
Cognizant Technology Solutions, Cl A
   
301
     
24,351
 
Corning
   
460
     
16,187
 
DXC Technology *
   
184
     
5,281
 
Enphase Energy *
   
92
     
14,849
 
EPAM Systems *
   
24
     
6,360
 
F5 *
   
29
     
4,855
 
Fidelity National Information Services
   
372
     
36,884
 
Fiserv *
   
368
     
36,034
 
FleetCor Technologies *
   
55
     
13,724
 
Fortinet *
   
92
     
26,589
 
Gartner *
   
44
     
12,784
 
Global Payments
   
184
     
25,204
 
Hewlett Packard Enterprise
   
828
     
12,759
 
HP
   
749
     
27,436
 
Intel
   
2,535
     
110,501
 

The accompanying notes are an integral part of the financial statements.
268


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Risk Managed Income ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — continued
           
International Business Machines
   
556
   
$
73,509
 
Intuit
   
179
     
74,956
 
IPG Photonics *
   
4
     
378
 
Jack Henry & Associates
   
35
     
6,635
 
Juniper Networks
   
184
     
5,800
 
Keysight Technologies *
   
108
     
15,149
 
KLA
   
92
     
29,372
 
Lam Research
   
89
     
41,453
 
Mastercard, Cl A
   
528
     
191,865
 
Microchip Technology
   
368
     
23,994
 
Micron Technology
   
712
     
48,551
 
Microsoft
   
4,626
     
1,283,807
 
Monolithic Power Systems
   
22
     
8,629
 
Motorola Solutions
   
96
     
20,514
 
NetApp
   
127
     
9,303
 
NortonLifeLock
   
368
     
9,215
 
NVIDIA
   
1,557
     
288,777
 
Oracle
   
1,011
     
74,207
 
Paychex
   
184
     
23,318
 
Paycom Software *
   
24
     
6,755
 
PayPal Holdings *
   
732
     
64,365
 
PTC *
   
92
     
10,507
 
Qorvo *
   
82
     
9,330
 
QUALCOMM
   
682
     
95,269
 
Roper Technologies
   
65
     
30,545
 
Salesforce *
   
598
     
105,212
 
Seagate Technology Holdings
   
100
     
8,204
 
ServiceNow *
   
120
     
57,372
 
Skyworks Solutions
   
92
     
10,424
 
SolarEdge Technologies *
   
26
     
6,511
 
Synopsys *
   
92
     
26,385
 
Teledyne Technologies *
   
24
     
10,357
 

The accompanying notes are an integral part of the financial statements.
269


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Risk Managed Income ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Information Technology — continued
               
Teradyne
   
92
   
$
9,702
 
Texas Instruments
   
557
     
94,829
 
Trimble *
   
184
     
12,273
 
Tyler Technologies *
   
24
     
9,473
 
VeriSign *
   
57
     
10,185
 
Visa, Cl A
   
1,035
     
220,589
 
Western Digital *
   
184
     
9,765
 
Zebra Technologies, Cl A *
   
28
     
10,350
 
             
5,846,528
 
                 
                 
Materials — 2.3%
               
Air Products & Chemicals
   
136
     
31,833
 
Albemarle
   
84
     
16,198
 
Amcor
   
940
     
11,148
 
Avery Dennison
   
47
     
8,488
 
Ball
   
184
     
14,933
 
Celanese, Cl A
   
82
     
12,049
 
CF Industries Holdings
   
112
     
10,845
 
Corteva
   
460
     
26,537
 
Dow
   
460
     
30,590
 
DuPont de Nemours
   
358
     
23,603
 
Eastman Chemical
   
92
     
9,446
 
Ecolab
   
173
     
29,296
 
FMC
   
92
     
12,194
 
Freeport-McMoRan
   
920
     
37,306
 
International Flavors & Fragrances
   
172
     
20,864
 
International Paper
   
276
     
12,773
 
LyondellBasell Industries, Cl A
   
184
     
19,510
 
Martin Marietta Materials
   
33
     
11,689
 
Mosaic
   
237
     
14,794
 
Newmont
   
480
     
34,968
 
Nucor
   
184
     
28,479
 
Packaging Corp of America
   
73
     
11,765
 

The accompanying notes are an integral part of the financial statements.
270


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Risk Managed Income ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Materials — continued
               
PPG Industries
   
169
   
$
21,630
 
Sealed Air
   
80
     
5,137
 
Sherwin-Williams
   
161
     
44,269
 
Vulcan Materials
   
92
     
15,851
 
Westrock
   
184
     
9,114
 
             
525,309
 
                 
                 
Real Estate — 2.8%
               
Alexandria Real Estate Equities
   
92
     
16,759
 
American Tower, Cl A
   
279
     
67,245
 
AvalonBay Communities
   
92
     
20,928
 
Boston Properties
   
92
     
10,819
 
Camden Property Trust
   
66
     
10,355
 
CBRE Group, Cl A *
   
184
     
15,279
 
Crown Castle International
   
276
     
51,118
 
Digital Realty Trust
   
184
     
26,886
 
Duke Realty
   
266
     
14,564
 
Equinix
   
58
     
41,707
 
Equity Residential
   
184
     
14,996
 
Essex Property Trust
   
33
     
10,866
 
Extra Space Storage
   
92
     
17,480
 
Federal Realty Investment Trust
   
17
     
1,990
 
Healthpeak Properties
   
368
     
12,074
 
Host Hotels & Resorts
   
460
     
9,361
 
Iron Mountain
   
184
     
9,886
 
Kimco Realty
   
368
     
9,322
 
Mid-America Apartment Communities
   
83
     
16,324
 
ProLogis
   
460
     
73,733
 
Public Storage
   
92
     
34,178
 
Realty Income
   
353
     
24,484
 
Regency Centers
   
92
     
6,332
 
SBA Communications, Cl A
   
62
     
21,521
 
Simon Property Group
   
190
     
22,420
 

The accompanying notes are an integral part of the financial statements.
271


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Risk Managed Income ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Real Estate — continued
               
UDR
   
184
   
$
9,791
 
Ventas
   
266
     
14,776
 
Vornado Realty Trust
   
92
     
3,561
 
Welltower
   
276
     
25,064
 
Weyerhaeuser
   
460
     
18,961
 
             
632,780
 
                 
                 
Utilities — 2.7%
               
AES
   
441
     
9,005
 
Alliant Energy
   
184
     
10,821
 
Ameren
   
184
     
17,094
 
American Electric Power
   
282
     
27,949
 
American Water Works
   
95
     
14,638
 
Atmos Energy
   
92
     
10,433
 
CenterPoint Energy
   
368
     
11,265
 
CMS Energy
   
184
     
12,639
 
Consolidated Edison
   
204
     
18,919
 
Constellation Energy
   
210
     
12,434
 
Dominion Energy
   
506
     
41,310
 
DTE Energy
   
96
     
12,580
 
Duke Energy
   
465
     
51,224
 
Edison International
   
266
     
18,298
 
Entergy
   
100
     
11,885
 
Evergy
   
184
     
12,484
 
Eversource Energy
   
184
     
16,082
 
Exelon
   
644
     
30,126
 
FirstEnergy
   
368
     
15,938
 
NextEra Energy
   
1,198
     
85,082
 
NiSource
   
276
     
8,037
 
NRG Energy
   
184
     
6,606
 
Pinnacle West Capital
   
92
     
6,550
 
PPL
   
460
     
13,023
 
Public Service Enterprise Group
   
296
     
20,619
 

The accompanying notes are an integral part of the financial statements.
272


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Risk Managed Income ETF
 

   
Shares/Number of Contracts
   
Value
 
COMMON STOCK — continued
               
Utilities — continued
               
Sempra Energy
   
184
   
$
29,690
 
Southern
   
654
     
47,997
 
WEC Energy Group
   
184
     
18,409
 
Xcel Energy
   
368
     
26,960
 
             
618,097
 
                 
                 
TOTAL UNITED STATES
           
21,458,209
 
TOTAL COMMON STOCK
               
(Cost $23,729,186)
           
21,609,015
 
TOTAL INVESTMENTS — 96.5%
               
(Cost $23,729,186)
         
$
21,609,015
 
                 
                 
           
Value
 
PURCHASED OPTIONS— 3.6%(1)
               
UNITED STATES— 3.6%
               
(Cost $246,115)
   
72
   
$
808,880
 
TOTAL PURCHASED OPTIONS
               
WRITTEN OPTIONS— (0.2)%(1)
               
UNITED STATES— (0.2)%
               
(Premiums Received  $(481,741))
   
(72
)
 
$
(52,071
)
TOTAL WRITTEN OPTIONS
               


Percentages are based on Net Assets of $22,394,835.



The accompanying notes are an integral part of the financial statements.
273


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Risk Managed Income ETF
 


A list of the exchange traded option contracts held by the Fund at April 30, 2022, is as follows:

Description
 
Number of Contracts
   
Notional Amount
   
Exercise Price
 
Expiration Date
 
Value
 
PURCHASED OPTIONS — 3.6%
                         
Put Options
                         
Mini-SPX Index*
   
22
   
$
926,200
   
$
421.00
 
05/20/22
 
$
33,880
 
S&P 500 Index*
   
50
     
21,050,000
     
4,210.00
 
05/20/22
   
775,000
 
Total Purchased Options
         
$
21,976,200
              
$
808,880
 
                                   
WRITTEN OPTIONS — (0.2)%
                                 
Call Options
                                 
Mini-SPX Index*
   
(22
)
 
$
(974,600
)
   
443.00
 
05/20/22
 
$
(2,321
)
S&P 500 Index*
   
(50
)
   
(22,150,000
)
   
4,430.00
 
05/20/22
   
(49,750
)
Total Written Options
         
$
(23,124,600
)
            
$
(52,071
)


*
Non-income producing security.
Real Estate Investment Trust
(1)
Refer to table below for details on Options Contracts.
(A)
All or a portion of these securities has been segregated as collateral for writtenoptions and purchased options contracts. The aggregate market value of collateral at April 30, 2022 was $21,609,015.


Cl — Class
S&P — Standard & Poor’s

The following is a summary of the level of inputs used as of April 30, 2022, in valuing the Fund’s investments carried at value:

Investments in Securities
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Common Stock
 
$
21,609,015
   
$
   
$
   
$
21,609,015
 
Total Investments in Securities
 
$
21,609,015
   
$
   
$
   
$
21,609,015
 


Other Financial Instruments
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Purchased Options
 
$
808,880
   
$
   
$
   
$
808,880
 
Written Options
   
(52,071
)
   
     
     
(52,071
)
Total Other Financial Instruments
 
$
756,809
   
$
   
$
   
$
756,809
 


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






The accompanying notes are an integral part of the financial statements.
274


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Collar 95-110 ETF
 


   
Shares
   
Value
 
COMMON STOCK — 95.4%(A)
           
CHINA — 0.1%
           
Information Technology — 0.1%
           
NXP Semiconductors
   
28
   
$
4,785
 
                 
                 
SWITZERLAND — 0.1%
               
Information Technology — 0.1%
               
TE Connectivity
   
35
     
4,367
 
                 
                 
UNITED KINGDOM — 0.5%
               
Materials — 0.5%
               
Linde
   
54
     
16,846
 
                 
                 
UNITED STATES — 94.7%
               
Communication Services — 8.2%
               
Activision Blizzard
   
80
     
6,048
 
Alphabet, Cl A *
   
32
     
73,030
 
Alphabet, Cl C *
   
30
     
68,980
 
AT&T
   
758
     
14,296
 
Charter Communications, Cl A *
   
12
     
5,142
 

The accompanying notes are an integral part of the financial statements.
275


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Collar 95-110 ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Communication Services — continued
               
Comcast, Cl A
   
488
   
$
19,403
 
DISH Network, Cl A *
   
32
     
912
 
Electronic Arts
   
32
     
3,778
 
Fox, Cl A
   
32
     
1,147
 
Fox, Cl B
   
16
     
532
 
Interpublic Group
   
48
     
1,566
 
Live Nation Entertainment *
   
16
     
1,678
 
Lumen Technologies
   
108
     
1,086
 
Match Group *
   
31
     
2,454
 
Meta Platforms, Cl A *
   
248
     
49,716
 
Netflix *
   
47
     
8,947
 
News, Cl A
   
48
     
953
 
News, Cl B
   
16
     
318
 
Omnicom Group
   
18
     
1,370
 
Paramount Global, Cl B
   
64
     
1,864
 
Take-Two Interactive Software *
   
12
     
1,434
 
T-Mobile US *
   
64
     
7,881
 
Twitter *
   
82
     
4,020
 
Verizon Communications
   
442
     
20,465
 
Walt Disney *
   
193
     
21,544
 
Warner Bros Discovery *
   
231
     
4,193
 
             
322,757
 
                 
                 
Consumer Discretionary — 10.9%
               
Advance Auto Parts
   
7
     
1,397
 
Amazon.com *
   
47
     
116,825
 
Aptiv *
   
32
     
3,405
 
AutoZone *
   
2
     
3,911
 
Bath & Body Works
   
32
     
1,692
 
Best Buy
   
24
     
2,158
 
Booking Holdings *
   
4
     
8,841
 
BorgWarner
   
32
     
1,179
 
Caesars Entertainment *
   
21
     
1,392
 

The accompanying notes are an integral part of the financial statements.
276


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Collar 95-110 ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Consumer Discretionary — continued
               
CarMax *
   
16
   
$
1,372
 
Carnival *
   
82
     
1,419
 
Chipotle Mexican Grill, Cl A *
   
3
     
4,367
 
Darden Restaurants
   
16
     
2,108
 
Dollar General
   
23
     
5,463
 
Dollar Tree *
   
24
     
3,899
 
Domino’s Pizza
   
3
     
1,014
 
DR Horton
   
32
     
2,227
 
eBay
   
71
     
3,686
 
Etsy *
   
16
     
1,491
 
Expedia Group *
   
16
     
2,796
 
Ford Motor
   
424
     
6,004
 
Garmin
   
16
     
1,756
 
General Motors *
   
161
     
6,104
 
Genuine Parts
   
16
     
2,081
 
Hasbro
   
16
     
1,409
 
Hilton Worldwide Holdings
   
32
     
4,969
 
Home Depot
   
111
     
33,344
 
Las Vegas Sands *
   
32
     
1,134
 
Lennar, Cl A
   
32
     
2,448
 
LKQ
   
32
     
1,588
 
Lowe’s
   
71
     
14,039
 
Marriott International, Cl A
   
27
     
4,793
 
McDonald’s
   
82
     
20,431
 
MGM Resorts International
   
48
     
1,970
 
Mohawk Industries *
   
4
     
564
 
Newell Brands
   
38
     
880
 
NIKE, Cl B
   
139
     
17,333
 
Norwegian Cruise Line Holdings *
   
38
     
761
 
O’Reilly Automotive *
   
7
     
4,246
 
Penn National Gaming *
   
16
     
585
 
Pool
   
4
     
1,621
 

The accompanying notes are an integral part of the financial statements.
277


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Collar 95-110 ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Consumer Discretionary — continued
               
PulteGroup
   
32
   
$
1,336
 
PVH
   
7
     
509
 
Ralph Lauren, Cl A
   
3
     
313
 
Ross Stores
   
39
     
3,891
 
Royal Caribbean Cruises *
   
27
     
2,099
 
Starbucks
   
128
     
9,554
 
Tapestry
   
32
     
1,053
 
Target
   
50
     
11,433
 
Tesla *
   
90
     
78,368
 
TJX
   
128
     
7,844
 
Tractor Supply
   
14
     
2,820
 
Ulta Beauty *
   
5
     
1,984
 
Under Armour, Cl A *
   
16
     
246
 
Under Armour, Cl C *
   
16
     
227
 
VF
   
32
     
1,664
 
Whirlpool
   
5
     
908
 
Wynn Resorts *
   
16
     
1,128
 
Yum! Brands
   
32
     
3,744
 
             
427,823
 
                 
                 
Consumer Staples — 6.5%
               
Altria Group
   
203
     
11,281
 
Archer-Daniels-Midland
   
64
     
5,732
 
Brown-Forman, Cl B
   
16
     
1,079
 
Campbell Soup
   
16
     
755
 
Church & Dwight
   
23
     
2,244
 
Clorox
   
16
     
2,295
 
Coca-Cola
   
414
     
26,748
 
Colgate-Palmolive
   
96
     
7,397
 
Conagra Brands
   
48
     
1,677
 
Constellation Brands, Cl A
   
18
     
4,430
 
Costco Wholesale
   
47
     
24,991
 
Estee Lauder, Cl A
   
26
     
6,866
 

The accompanying notes are an integral part of the financial statements.
278


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Collar 95-110 ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Consumer Staples — continued
               
General Mills
   
64
   
$
4,527
 
Hershey
   
16
     
3,612
 
Hormel Foods
   
32
     
1,676
 
J M Smucker
   
10
     
1,369
 
Kellogg
   
32
     
2,192
 
Kimberly-Clark
   
35
     
4,859
 
Kraft Heinz
   
70
     
2,984
 
Kroger
   
80
     
4,317
 
Lamb Weston Holdings
   
16
     
1,058
 
McCormick
   
23
     
2,313
 
Molson Coors Beverage, Cl B
   
16
     
866
 
Mondelez International, Cl A
   
154
     
9,930
 
Monster Beverage *
   
44
     
3,770
 
PepsiCo
   
148
     
25,413
 
Philip Morris International
   
167
     
16,700
 
Procter & Gamble
   
254
     
40,780
 
Sysco
   
56
     
4,787
 
Tyson Foods, Cl A
   
32
     
2,981
 
Walgreens Boots Alliance
   
80
     
3,392
 
Walmart
   
149
     
22,795
 
             
255,816
 
                 
                 
Energy — 4.0%
               
APA
   
34
     
1,392
 
Baker Hughes, Cl A
   
86
     
2,668
 
Chevron
   
208
     
32,587
 
ConocoPhillips
   
144
     
13,755
 
Coterra Energy
   
92
     
2,649
 
Devon Energy
   
64
     
3,723
 
Diamondback Energy
   
16
     
2,020
 
EOG Resources
   
64
     
7,473
 
Exxon Mobil
   
455
     
38,789
 
Halliburton
   
96
     
3,419
 

The accompanying notes are an integral part of the financial statements.
279


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Collar 95-110 ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Energy — continued
               
Hess
   
32
   
$
3,298
 
Kinder Morgan
   
210
     
3,811
 
Marathon Oil
   
82
     
2,043
 
Marathon Petroleum
   
64
     
5,585
 
Occidental Petroleum
   
96
     
5,289
 
ONEOK
   
48
     
3,040
 
Phillips 66
   
48
     
4,164
 
Pioneer Natural Resources
   
23
     
5,347
 
Schlumberger
   
146
     
5,695
 
Valero Energy
   
48
     
5,351
 
Williams
   
130
     
4,458
 
             
156,556
 
                 
                 
Financials — 10.4%
               
Aflac
   
64
     
3,666
 
Allstate
   
32
     
4,049
 
American Express
   
66
     
11,531
 
American International Group
   
96
     
5,617
 
Ameriprise Financial
   
11
     
2,920
 
Aon, Cl A
   
22
     
6,336
 
Arthur J Gallagher
   
20
     
3,370
 
Assurant
   
4
     
728
 
Bank of America
   
752
     
26,831
 
Bank of New York Mellon
   
82
     
3,449
 
Berkshire Hathaway, Cl B *
   
197
     
63,598
 
BlackRock, Cl A
   
16
     
9,995
 
Brown & Brown
   
28
     
1,735
 
Capital One Financial
   
42
     
5,234
 
Cboe Global Markets
   
10
     
1,130
 
Charles Schwab
   
162
     
10,745
 
Chubb
   
48
     
9,910
 
Cincinnati Financial
   
16
     
1,963
 
Citigroup
   
208
     
10,028
 

The accompanying notes are an integral part of the financial statements.
280


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Collar 95-110 ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Financials — continued
               
Citizens Financial Group
   
48
   
$
1,891
 
CME Group, Cl A
   
37
     
8,116
 
Comerica
   
16
     
1,310
 
Discover Financial Services
   
32
     
3,599
 
Everest Re Group
   
4
     
1,099
 
FactSet Research Systems
   
3
     
1,210
 
Fifth Third Bancorp
   
80
     
3,002
 
First Republic Bank
   
18
     
2,686
 
Franklin Resources
   
32
     
787
 
Globe Life
   
8
     
785
 
Goldman Sachs Group
   
36
     
10,998
 
Hartford Financial Services Group
   
32
     
2,238
 
Huntington Bancshares
   
160
     
2,104
 
Intercontinental Exchange
   
58
     
6,717
 
Invesco
   
32
     
588
 
JPMorgan Chase
   
314
     
37,479
 
KeyCorp
   
98
     
1,892
 
Lincoln National
   
16
     
962
 
Loews
   
16
     
1,005
 
M&T Bank
   
16
     
2,666
 
MarketAxess Holdings
   
3
     
791
 
Marsh & McLennan
   
52
     
8,408
 
MetLife
   
80
     
5,254
 
Moody’s
   
17
     
5,380
 
Morgan Stanley
   
148
     
11,927
 
MSCI, Cl A
   
8
     
3,370
 
Nasdaq
   
12
     
1,888
 
Northern Trust
   
20
     
2,061
 
PNC Financial Services Group
   
43
     
7,142
 
Principal Financial Group
   
32
     
2,181
 
Progressive
   
64
     
6,871
 
Prudential Financial
   
40
     
4,340
 

The accompanying notes are an integral part of the financial statements.
281


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Collar 95-110 ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Financials — continued
               
Raymond James Financial
   
21
   
$
2,047
 
Regions Financial
   
98
     
2,031
 
S&P Global
   
37
     
13,930
 
Signature Bank NY
   
6
     
1,454
 
State Street
   
39
     
2,612
 
SVB Financial Group *
   
6
     
2,926
 
Synchrony Financial
   
64
     
2,356
 
T Rowe Price Group
   
25
     
3,076
 
Travelers
   
26
     
4,448
 
Truist Financial
   
144
     
6,962
 
US Bancorp
   
144
     
6,993
 
W R Berkley
   
24
     
1,596
 
Wells Fargo
   
409
     
17,845
 
Willis Towers Watson
   
13
     
2,793
 
Zions Bancorp
   
16
     
904
 
             
405,555
 
                 
                 
Health Care — 13.5%
               
Abbott Laboratories
   
189
     
21,451
 
AbbVie
   
189
     
27,760
 
ABIOMED *
   
4
     
1,146
 
Agilent Technologies
   
32
     
3,817
 
Align Technology *
   
8
     
2,319
 
AmerisourceBergen, Cl A
   
16
     
2,421
 
Amgen
   
60
     
13,991
 
Anthem
   
27
     
13,552
 
Baxter International
   
55
     
3,908
 
Becton Dickinson
   
32
     
7,910
 
Biogen *
   
16
     
3,319
 
Bio-Rad Laboratories, Cl A *
   
2
     
1,024
 
Bio-Techne
   
3
     
1,139
 
Boston Scientific *
   
159
     
6,695
 
Bristol-Myers Squibb
   
228
     
17,162
 

The accompanying notes are an integral part of the financial statements.
282


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Collar 95-110 ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Health Care — continued
               
Cardinal Health
   
32
   
$
1,858
 
Catalent *
   
16
     
1,449
 
Centene *
   
64
     
5,155
 
Cerner
   
32
     
2,996
 
Charles River Laboratories International *
   
4
     
966
 
Cigna
   
36
     
8,884
 
Cooper
   
4
     
1,444
 
CVS Health
   
144
     
13,843
 
Danaher
   
69
     
17,328
 
DaVita *
   
5
     
542
 
DENTSPLY SIRONA
   
18
     
720
 
Dexcom *
   
11
     
4,494
 
Edwards Lifesciences *
   
68
     
7,193
 
Eli Lilly
   
84
     
24,539
 
Gilead Sciences
   
138
     
8,189
 
HCA Healthcare
   
24
     
5,149
 
Henry Schein *
   
16
     
1,298
 
Hologic *
   
32
     
2,304
 
Humana
   
13
     
5,779
 
IDEXX Laboratories *
   
10
     
4,305
 
Illumina *
   
16
     
4,746
 
Incyte *
   
16
     
1,199
 
Intuitive Surgical *
   
38
     
9,093
 
IQVIA Holdings *
   
19
     
4,142
 
Johnson & Johnson
   
280
     
50,529
 
Laboratory Corp of America Holdings
   
9
     
2,163
 
McKesson
   
16
     
4,954
 
Medtronic
   
141
     
14,715
 
Merck
   
269
     
23,858
 
Mettler-Toledo International *
   
3
     
3,833
 
Moderna *
   
37
     
4,973
 
Molina Healthcare *
   
5
     
1,567
 

The accompanying notes are an integral part of the financial statements.
283


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Collar 95-110 ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Health Care — continued
           
Organon
   
32
   
$
1,035
 
PerkinElmer
   
14
     
2,053
 
Pfizer
   
602
     
29,540
 
Quest Diagnostics
   
16
     
2,141
 
Regeneron Pharmaceuticals *
   
11
     
7,250
 
ResMed
   
16
     
3,200
 
STERIS
   
9
     
2,016
 
Stryker
   
35
     
8,444
 
Teleflex
   
4
     
1,142
 
Thermo Fisher Scientific
   
42
     
23,223
 
UnitedHealth Group
   
101
     
51,364
 
Universal Health Services, Cl B
   
7
     
858
 
Vertex Pharmaceuticals *
   
27
     
7,377
 
Viatris, Cl W *
   
128
     
1,322
 
Waters *
   
7
     
2,121
 
West Pharmaceutical Services
   
9
     
2,836
 
Zimmer Biomet Holdings
   
21
     
2,536
 
Zoetis, Cl A
   
51
     
9,040
 
             
529,319
 
                 
                 
Industrials — 7.4%
               
3M
   
64
     
9,230
 
Alaska Air Group *
   
16
     
870
 
Allegion
   
12
     
1,371
 
American Airlines Group *
   
66
     
1,239
 
AMETEK
   
28
     
3,535
 
AO Smith
   
16
     
935
 
Boeing *
   
59
     
8,782
 
Carrier Global
   
97
     
3,712
 
Caterpillar
   
59
     
12,422
 
CH Robinson Worldwide
   
16
     
1,698
 
Cintas
   
9
     
3,575
 
Copart *
   
21
     
2,387
 

The accompanying notes are an integral part of the financial statements.
284


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Collar 95-110 ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Industrials — continued
           
CSX
   
242
   
$
8,310
 
Cummins
   
16
     
3,027
 
Deere
   
29
     
10,949
 
Delta Air Lines *
   
64
     
2,754
 
Dover
   
16
     
2,133
 
Eaton
   
43
     
6,236
 
Emerson Electric
   
64
     
5,771
 
Equifax
   
13
     
2,646
 
Expeditors International of Washington
   
16
     
1,585
 
Fastenal
   
64
     
3,540
 
FedEx
   
25
     
4,968
 
Fortive
   
34
     
1,955
 
Fortune Brands Home & Security
   
16
     
1,140
 
Generac Holdings *
   
7
     
1,536
 
General Dynamics
   
23
     
5,440
 
General Electric
   
121
     
9,021
 
Honeywell International
   
75
     
14,513
 
Howmet Aerospace
   
48
     
1,638
 
Huntington Ingalls Industries
   
4
     
851
 
IDEX
   
7
     
1,329
 
Illinois Tool Works
   
32
     
6,308
 
Ingersoll Rand
   
48
     
2,110
 
Jacobs Engineering Group
   
16
     
2,217
 
JB Hunt Transport Services
   
8
     
1,367
 
Johnson Controls International
   
80
     
4,790
 
L3Harris Technologies
   
20
     
4,645
 
Leidos Holdings
   
16
     
1,656
 
Lockheed Martin
   
25
     
10,803
 
Masco
   
32
     
1,686
 
Nielsen Holdings
   
34
     
912
 
Nordson
   
5
     
1,078
 
Norfolk Southern
   
24
     
6,189
 

The accompanying notes are an integral part of the financial statements.
285


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Collar 95-110 ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Industrials — continued
           
Northrop Grumman
   
16
   
$
7,030
 
Old Dominion Freight Line
   
9
     
2,521
 
Otis Worldwide
   
48
     
3,496
 
PACCAR
   
32
     
2,658
 
Parker-Hannifin
   
13
     
3,521
 
Pentair
   
16
     
812
 
Quanta Services
   
16
     
1,856
 
Raytheon Technologies
   
158
     
14,996
 
Republic Services, Cl A
   
21
     
2,820
 
Robert Half International
   
16
     
1,573
 
Rockwell Automation
   
14
     
3,537
 
Rollins
   
22
     
738
 
Snap-On
   
5
     
1,062
 
Southwest Airlines *
   
64
     
2,990
 
Stanley Black & Decker
   
16
     
1,922
 
Textron
   
18
     
1,246
 
Trane Technologies
   
23
     
3,217
 
TransDigm Group *
   
6
     
3,569
 
Union Pacific
   
68
     
15,932
 
United Airlines Holdings *
   
32
     
1,616
 
United Parcel Service, Cl B
   
79
     
14,218
 
United Rentals *
   
9
     
2,849
 
Verisk Analytics, Cl A
   
16
     
3,265
 
Waste Management
   
39
     
6,413
 
Westinghouse Air Brake Technologies
   
16
     
1,439
 
WW Grainger
   
4
     
2,000
 
Xylem
   
16
     
1,288
 
             
291,443
 
                 
                 
Information Technology — 25.9%
               
Accenture, Cl A
   
67
     
20,124
 
Adobe *
   
50
     
19,798
 
Advanced Micro Devices *
   
177
     
15,137
 

The accompanying notes are an integral part of the financial statements.
286


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Collar 95-110 ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — continued
           
Akamai Technologies *
   
16
   
$
1,796
 
Amphenol, Cl A
   
64
     
4,576
 
Analog Devices
   
58
     
8,954
 
ANSYS *
   
10
     
2,757
 
Apple
   
1,663
     
262,172
 
Applied Materials
   
95
     
10,483
 
Arista Networks *
   
22
     
2,543
 
Autodesk *
   
24
     
4,543
 
Automatic Data Processing
   
45
     
9,818
 
Broadcom
   
45
     
24,948
 
Broadridge Financial Solutions
   
12
     
1,730
 
Cadence Design Systems *
   
32
     
4,827
 
CDW
   
16
     
2,611
 
Ceridian HCM Holding *
   
15
     
842
 
Cisco Systems
   
453
     
22,188
 
Citrix Systems *
   
16
     
1,602
 
Cognizant Technology Solutions, Cl A
   
61
     
4,935
 
Corning
   
80
     
2,815
 
DXC Technology *
   
32
     
918
 
Enphase Energy *
   
16
     
2,582
 
EPAM Systems *
   
5
     
1,325
 
F5 *
   
7
     
1,172
 
Fidelity National Information Services
   
67
     
6,643
 
Fiserv *
   
64
     
6,267
 
FleetCor Technologies *
   
7
     
1,747
 
Fortinet *
   
16
     
4,624
 
Gartner *
   
8
     
2,324
 
Global Payments
   
32
     
4,383
 
Hewlett Packard Enterprise
   
144
     
2,219
 
HP
   
128
     
4,689
 
Intel
   
436
     
19,005
 
International Business Machines
   
96
     
12,692
 

The accompanying notes are an integral part of the financial statements.
287


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Collar 95-110 ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — continued
           
Intuit
   
30
   
$
12,563
 
IPG Photonics *
   
4
     
378
 
Jack Henry & Associates
   
6
     
1,137
 
Juniper Networks
   
32
     
1,009
 
Keysight Technologies *
   
19
     
2,665
 
KLA
   
16
     
5,108
 
Lam Research
   
15
     
6,986
 
Mastercard, Cl A
   
93
     
33,794
 
Microchip Technology
   
64
     
4,173
 
Micron Technology
   
116
     
7,910
 
Microsoft
   
804
     
223,126
 
Monolithic Power Systems
   
4
     
1,569
 
Motorola Solutions
   
18
     
3,846
 
NetApp
   
27
     
1,978
 
NortonLifeLock
   
64
     
1,603
 
NVIDIA
   
266
     
49,335
 
Oracle
   
174
     
12,772
 
Paychex
   
32
     
4,055
 
Paycom Software *
   
4
     
1,126
 
PayPal Holdings *
   
126
     
11,079
 
PTC *
   
10
     
1,142
 
Qorvo *
   
11
     
1,252
 
QUALCOMM
   
123
     
17,182
 
Roper Technologies
   
11
     
5,169
 
Salesforce *
   
106
     
18,650
 
Seagate Technology Holdings
   
22
     
1,805
 
ServiceNow *
   
22
     
10,518
 
Skyworks Solutions
   
16
     
1,813
 
SolarEdge Technologies *
   
5
     
1,252
 
Synopsys *
   
16
     
4,589
 
Teledyne Technologies *
   
4
     
1,726
 
Teradyne
   
16
     
1,687
 

The accompanying notes are an integral part of the financial statements.
288


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Collar 95-110 ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — continued
           
Texas Instruments
   
101
   
$
17,195
 
Trimble *
   
32
     
2,134
 
Tyler Technologies *
   
4
     
1,579
 
VeriSign *
   
9
     
1,608
 
Visa, Cl A
   
176
     
37,511
 
Western Digital *
   
32
     
1,698
 
Zebra Technologies, Cl A *
   
5
     
1,848
 
             
1,016,359
 
                 
                 
Materials — 2.3%
               
Air Products & Chemicals
   
22
     
5,149
 
Albemarle
   
14
     
2,700
 
Amcor
   
162
     
1,921
 
Avery Dennison
   
7
     
1,264
 
Ball
   
32
     
2,597
 
Celanese, Cl A
   
11
     
1,616
 
CF Industries Holdings
   
24
     
2,324
 
Corteva
   
80
     
4,615
 
Dow
   
80
     
5,320
 
DuPont de Nemours
   
60
     
3,956
 
Eastman Chemical
   
16
     
1,643
 
Ecolab
   
29
     
4,911
 
FMC
   
16
     
2,121
 
Freeport-McMoRan
   
160
     
6,488
 
International Flavors & Fragrances
   
26
     
3,154
 
International Paper
   
48
     
2,221
 
LyondellBasell Industries, Cl A
   
32
     
3,393
 
Martin Marietta Materials
   
6
     
2,125
 
Mosaic
   
36
     
2,247
 
Newmont
   
82
     
5,974
 
Nucor
   
32
     
4,953
 
Packaging Corp of America
   
13
     
2,095
 
PPG Industries
   
23
     
2,944
 

The accompanying notes are an integral part of the financial statements.
289


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Collar 95-110 ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Materials — continued
           
Sealed Air
   
16
   
$
1,027
 
Sherwin-Williams
   
25
     
6,874
 
Vulcan Materials
   
16
     
2,757
 
Westrock
   
32
     
1,585
 
             
87,974
 
                 
                 
Real Estate — 2.8%
               
Alexandria Real Estate Equities
   
16
     
2,915
 
American Tower, Cl A
   
50
     
12,051
 
AvalonBay Communities
   
16
     
3,640
 
Boston Properties
   
16
     
1,882
 
Camden Property Trust
   
11
     
1,726
 
CBRE Group, Cl A *
   
32
     
2,657
 
Crown Castle International
   
48
     
8,890
 
Digital Realty Trust
   
32
     
4,676
 
Duke Realty
   
38
     
2,080
 
Equinix
   
10
     
7,191
 
Equity Residential
   
32
     
2,608
 
Essex Property Trust
   
6
     
1,976
 
Extra Space Storage
   
16
     
3,040
 
Federal Realty Investment Trust
   
5
     
585
 
Healthpeak Properties
   
64
     
2,100
 
Host Hotels & Resorts
   
80
     
1,628
 
Iron Mountain
   
32
     
1,719
 
Kimco Realty
   
64
     
1,621
 
Mid-America Apartment Communities
   
12
     
2,360
 
ProLogis
   
80
     
12,823
 
Public Storage
   
16
     
5,944
 
Realty Income
   
62
     
4,300
 
Regency Centers
   
16
     
1,101
 
SBA Communications, Cl A
   
12
     
4,165
 
Simon Property Group
   
35
     
4,130
 
UDR
   
32
     
1,703
 

The accompanying notes are an integral part of the financial statements.
290


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Collar 95-110 ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Real Estate — continued
           
Ventas
   
38
   
$
2,111
 
Vornado Realty Trust
   
16
     
619
 
Welltower
   
48
     
4,359
 
Weyerhaeuser
   
80
     
3,298
 
             
109,898
 
                 
                 
Utilities — 2.8%
               
AES
   
70
     
1,429
 
Alliant Energy
   
32
     
1,882
 
Ameren
   
32
     
2,973
 
American Electric Power
   
55
     
5,451
 
American Water Works
   
19
     
2,927
 
Atmos Energy
   
16
     
1,814
 
CenterPoint Energy
   
64
     
1,959
 
CMS Energy
   
32
     
2,198
 
Consolidated Edison
   
39
     
3,617
 
Constellation Energy
   
35
     
2,072
 
Dominion Energy
   
88
     
7,184
 
DTE Energy
   
19
     
2,490
 
Duke Energy
   
84
     
9,253
 
Edison International
   
38
     
2,614
 
Entergy
   
20
     
2,377
 
Evergy
   
32
     
2,171
 
Eversource Energy
   
32
     
2,797
 
Exelon
   
110
     
5,146
 
FirstEnergy
   
64
     
2,772
 
NextEra Energy
   
208
     
14,772
 
NiSource
   
48
     
1,398
 
NRG Energy
   
32
     
1,149
 
Pinnacle West Capital
   
16
     
1,139
 
PPL
   
80
     
2,265
 
Public Service Enterprise Group
   
50
     
3,483
 
Sempra Energy
   
32
     
5,164
 

The accompanying notes are an integral part of the financial statements.
291


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Collar 95-110 ETF
 

   
Shares/Number of Contracts
   
Value
 
COMMON STOCK — continued
               
Utilities — continued
               
Southern
   
112
   
$
8,220
 
WEC Energy Group
   
32
     
3,202
 
Xcel Energy
   
64
     
4,689
 
             
108,607
 
                 
                 
TOTAL UNITED STATES
           
3,712,107
 
TOTAL COMMON STOCK
               
(Cost $4,021,222)
           
3,738,105
 
TOTAL INVESTMENTS — 95.4%
               
(Cost $4,021,222)
         
$
3,738,105
 
                 
           
Value
 
PURCHASED OPTIONS— 4.4%(1)
               
UNITED STATES— 4.4%
               
(Cost $106,455)
   
18
   
$
174,220
 
TOTAL PURCHASED OPTIONS
               
WRITTEN OPTIONS— (0.0)%(1)
               
UNITED STATES— (0.0)%
               
(Premiums Received  $(17,053))
   
(18
)
 
$
(730
)
TOTAL WRITTEN OPTIONS
               


Percentages are based on Net Assets of $3,919,750.

A list of the exchange traded option contracts held by the Fund at April 30, 2022, is as follows:

Description
 
Number of Contracts
   
Notional Amount
   
Exercise Price
 
Expiration Date
 
Value
 
PURCHASED OPTIONS — 4.4%
                         
Put Options
                         
Mini-SPX Index*
   
10
   
$
420,000
   
$
420.00
 
06/17/22
 
$
19,620
 
S&P 500 Index*
   
8
     
3,356,000
     
4,195.00
 
06/17/22
   
154,600
 
Total Purchased Options
         
$
3,776,000
              
$
174,220
 







The accompanying notes are an integral part of the financial statements.
292


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X S&P 500® Collar 95-110 ETF
 


Description
Number of Contracts
 
Notional Amount
 
Exercise Price
 
Expiration Date
Value
 
WRITTEN OPTIONS — 0.0%
                 
Call Options
                 
Mini-SPX Index*
   
(10
)
 
$
(485,000
)
 
$
485.00
 
06/17/22
 
$
(90
)
S&P 500 Index*
   
(8
)
   
(3,888,000
)
   
4,860.00
 
06/17/22
   
(640
)
Total Written Options
         
$
(4,373,000
)
              
$
(730
)


Cl — Class
S&P — Standard & Poor’s

*
Non-income producing security.
Real Estate Investment Trust
(1)
Refer to table below for details on Options Contracts.
(A)
All or a portion of these securities has been segregated as collateral for writtenoptions and purchased options contracts. The aggregate market value of collateral at April 30, 2022 was $3,738,105.


The following is a summary of the level of inputs used as of April 30, 2022, in valuing the Fund’s investments carried at value:

Investments in Securities
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Common Stock
 
$
3,738,105
   
$
   
$
   
$
3,738,105
 
Total Investments in Securities
 
$
3,738,105
   
$
   
$
   
$
3,738,105
 


Other Financial Instruments
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Purchased Options
 
$
174,220
   
$
   
$
   
$
174,220
 
Written Options
   
(730
)
   
     
     
(730
)
Total Other Financial Instruments
 
$
173,490
   
$
   
$
   
$
173,490
 


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



The accompanying notes are an integral part of the financial statements.
293


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Tail Risk ETF
 



   
Shares
   
Value
 
COMMON STOCK — 95.8%(A)
           
BRAZIL — 0.4%
           
Consumer Discretionary — 0.4%
           
MercadoLibre *
   
8
   
$
7,789
 
                 
                 
CHINA — 1.2%
               
Communication Services — 0.4%
               
Baidu ADR *
   
40
     
4,967
 
NetEase ADR
   
37
     
3,527
 
             
8,494
 
                 
                 
Consumer Discretionary — 0.4%
               
JD.com ADR *
   
95
     
5,858
 
Pinduoduo ADR *
   
70
     
3,016
 
             
8,874
 
                 
                 
Information Technology — 0.4%
               
NXP Semiconductors
   
43
     
7,349
 
                 
                 
TOTAL CHINA
           
24,717
 
NETHERLANDS — 0.4%
               
Information Technology — 0.4%
               
ASML Holding, Cl G
   
14
     
7,893
 

The accompanying notes are an integral part of the financial statements.
294


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Tail Risk ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
UNITED KINGDOM — 0.3%
               
Health Care — 0.3%
               
AstraZeneca ADR
   
98
   
$
6,507
 
                 
                 
UNITED STATES — 93.5%
               
Communication Services — 15.3%
               
Activision Blizzard
   
130
     
9,828
 
Alphabet, Cl A *
   
30
     
68,466
 
Alphabet, Cl C *
   
32
     
73,579
 
Charter Communications, Cl A *
   
29
     
12,426
 
Comcast, Cl A
   
748
     
29,740
 
Electronic Arts
   
44
     
5,194
 
Match Group *
   
46
     
3,641
 
Meta Platforms, Cl A *
   
348
     
69,764
 
Netflix *
   
73
     
13,896
 
Sirius XM Holdings
   
639
     
3,834
 
T-Mobile US *
   
206
     
25,367
 
             
315,735
 
                 
                 
Consumer Discretionary — 14.6%
               
Airbnb, Cl A *
   
61
     
9,346
 
Amazon.com *
   
51
     
126,767
 
Booking Holdings *
   
7
     
15,472
 
Dollar Tree *
   
37
     
6,011
 
eBay
   
99
     
5,140
 
Lucid Group *
   
281
     
5,080
 
Lululemon Athletica *
   
21
     
7,447
 
Marriott International, Cl A
   
54
     
9,586
 
O’Reilly Automotive *
   
11
     
6,672
 
Ross Stores
   
60
     
5,986
 
Starbucks
   
190
     
14,182
 
Tesla *
   
104
     
90,559
 
             
302,248
 

The accompanying notes are an integral part of the financial statements.
295


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Tail Risk ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Consumer Staples — 6.1%
               
Costco Wholesale
   
74
   
$
39,347
 
Keurig Dr Pepper
   
240
     
8,976
 
Kraft Heinz
   
201
     
8,569
 
Mondelez International, Cl A
   
229
     
14,766
 
Monster Beverage *
   
90
     
7,711
 
PepsiCo
   
231
     
39,665
 
Walgreens Boots Alliance
   
140
     
5,936
 
             
124,970
 
                 
                 
Health Care — 5.5%
               
Align Technology *
   
13
     
3,769
 
Amgen
   
92
     
21,454
 
Biogen *
   
24
     
4,979
 
Dexcom *
   
16
     
6,537
 
Gilead Sciences
   
210
     
12,461
 
IDEXX Laboratories *
   
14
     
6,027
 
Illumina *
   
26
     
7,713
 
Intuitive Surgical *
   
60
     
14,358
 
Moderna *
   
68
     
9,140
 
Regeneron Pharmaceuticals *
   
18
     
11,864
 
Seagen *
   
30
     
3,930
 
Vertex Pharmaceuticals *
   
43
     
11,748
 
             
113,980
 
                 
                 
Industrials — 3.3%
               
Cintas
   
17
     
6,754
 
Copart *
   
40
     
4,546
 
CSX
   
366
     
12,569
 
Fastenal
   
100
     
5,531
 
Honeywell International
   
114
     
22,060
 
Old Dominion Freight Line
   
20
     
5,602
 
PACCAR
   
60
     
4,983
 
Verisk Analytics, Cl A
   
27
     
5,509
 
             
67,554
 

The accompanying notes are an integral part of the financial statements.
296


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Tail Risk ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Information Technology — 47.5%
               
Adobe *
   
78
   
$
30,884
 
Advanced Micro Devices *
   
270
     
23,090
 
Analog Devices
   
86
     
13,277
 
ANSYS *
   
14
     
3,860
 
Apple
   
1,639
     
258,388
 
Applied Materials
   
146
     
16,111
 
Atlassian, Cl A *
   
24
     
5,396
 
Autodesk *
   
37
     
7,003
 
Automatic Data Processing
   
69
     
15,054
 
Broadcom
   
68
     
37,699
 
Cadence Design Systems *
   
46
     
6,939
 
Cisco Systems
   
693
     
33,943
 
Cognizant Technology Solutions, Cl A
   
90
     
7,281
 
Crowdstrike Holdings, Cl A *
   
35
     
6,957
 
Datadog, Cl A *
   
44
     
5,314
 
DocuSign, Cl A *
   
33
     
2,673
 
Fiserv *
   
110
     
10,771
 
Fortinet *
   
26
     
7,514
 
Intel
   
680
     
29,641
 
Intuit
   
47
     
19,681
 
KLA
   
25
     
7,982
 
Lam Research
   
23
     
10,712
 
Marvell Technology
   
140
     
8,131
 
Microchip Technology
   
95
     
6,194
 
Micron Technology
   
182
     
12,411
 
Microsoft
   
753
     
208,973
 
NVIDIA
   
354
     
65,656
 
Okta, Cl A *
   
26
     
3,102
 
Palo Alto Networks *
   
16
     
8,980
 
Paychex
   
60
     
7,604
 
PayPal Holdings *
   
192
     
16,883
 
QUALCOMM
   
188
     
26,262
 

The accompanying notes are an integral part of the financial statements.
297


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Tail Risk ETF
 

   
Shares/Number of Contracts
   
Value
 
COMMON STOCK — continued
               
Information Technology — continued
               
Skyworks Solutions
   
25
   
$
2,833
 
Splunk *
   
27
     
3,295
 
Synopsys *
   
25
     
7,170
 
Texas Instruments
   
153
     
26,048
 
VeriSign *
   
17
     
3,038
 
Workday, Cl A *
   
32
     
6,614
 
Zoom Video Communications, Cl A *
   
40
     
3,983
 
Zscaler *
   
23
     
4,663
 
             
982,010
 
                 
                 
Utilities — 1.2%
               
American Electric Power
   
83
     
8,226
 
Constellation Energy
   
56
     
3,316
 
Exelon
   
159
     
7,438
 
Xcel Energy
   
90
     
6,593
 
             
25,573
 
                 
                 
TOTAL UNITED STATES
           
1,932,070
 
TOTAL COMMON STOCK
               
(Cost $2,424,642)
           
1,978,976
 
TOTAL INVESTMENTS — 95.8%
               
(Cost $2,424,642)
         
$
1,978,976
 
                 
           
Value
 
PURCHASED OPTIONS— 4.1%(1)
               
UNITED STATES— 4.1%
               
(Cost $42,600)
   
3
   
$
84,550
 
TOTAL PURCHASED OPTIONS
               


Percentages are based on Net Assets of $2,065,934.





The accompanying notes are an integral part of the financial statements.
298


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Tail Risk ETF
 


A list of the exchange traded option contracts held by the Fund at April 30, 2022, is as follows:

Description
 
Number of Contracts
   
Notional
Amount
   
Exercise
Price
 
Expiration Date
 
Value
 
PURCHASED OPTIONS — 4.1%
                         
Put Options
                         
Nasdaq-100 Index*
   
1
   
$
1,272,500
   
$
12,725.00
 
06/17/22
 
$
60,590
 
Nasdaq-100® Reduced-Value Index*
   
2
     
508,000
     
2,540.00
 
06/17/22
   
23,960
 
Total Purchased Options
         
$
1,780,500
              
$
84,550
 


ADR — American Depositary Receipt
Cl — Class

*
Non-income producing security.
(1)
Refer to table below for details on Options Contracts.
(A)
All or a portion of these securities has been segregated as collateral for purchasedoptions contracts. The aggregate market value of collateral at April 30, 2022 was$1,978,976.


The following is a summary of the level of inputs used as of April 30, 2022, in valuing the Fund’s investments carried at value:

Investments in Securities
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Common Stock
 
$
1,978,976
   
$
   
$
   
$
1,978,976
 
Total Investments in Securities
 
$
1,978,976
   
$
   
$
   
$
1,978,976
 


Other Financial Instruments
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Purchased Options
 
$
84,550
   
$
   
$
   
$
84,550
 
Total Other Financial Instruments
 
$
84,550
   
$
   
$
   
$
84,550
 


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






The accompanying notes are an integral part of the financial statements.
299


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Risk Managed Income ETF
 


   
Shares
   
Value
 
COMMON STOCK — 94.1%(A)
           
BRAZIL — 0.4%
           
Consumer Discretionary — 0.4%
           
MercadoLibre *
   
49
   
$
47,708
 
                 
                 
CHINA — 1.2%
               
Communication Services — 0.4%
               
Baidu ADR *
   
236
     
29,304
 
NetEase ADR
   
223
     
21,259
 
             
50,563
 
                 
                 
Consumer Discretionary — 0.5%
               
JD.com ADR *
   
611
     
37,674
 
Pinduoduo ADR *
   
430
     
18,529
 
             
56,203
 
                 
                 
Information Technology — 0.3%
               
NXP Semiconductors
   
255
     
43,579
 
                 
                 
TOTAL CHINA
           
150,345
 
NETHERLANDS — 0.4%
               
Information Technology — 0.4%
               
ASML Holding, Cl G
   
83
     
46,793
 

The accompanying notes are an integral part of the financial statements.
300


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Risk Managed Income ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
UNITED KINGDOM — 0.3%
               
Health Care — 0.3%
               
AstraZeneca ADR
   
546
   
$
36,254
 
                 
                 
UNITED STATES — 91.8%
               
Communication Services — 15.0%
               
Activision Blizzard
   
778
     
58,817
 
Alphabet, Cl A *
   
179
     
408,512
 
Alphabet, Cl C *
   
188
     
432,274
 
Charter Communications, Cl A *
   
173
     
74,129
 
Comcast, Cl A
   
4,477
     
178,005
 
Electronic Arts
   
276
     
32,582
 
Match Group *
   
271
     
21,450
 
Meta Platforms, Cl A *
   
2,054
     
411,765
 
Netflix *
   
443
     
84,329
 
Sirius XM Holdings
   
3,748
     
22,488
 
T-Mobile US *
   
1,234
     
151,955
 
             
1,876,306
 
                 
                 
Consumer Discretionary — 14.3%
               
Airbnb, Cl A *
   
360
     
55,156
 
Amazon.com *
   
303
     
753,146
 
Booking Holdings *
   
40
     
88,412
 
Dollar Tree *
   
220
     
35,739
 
eBay
   
596
     
30,944
 
Lucid Group *
   
1,640
     
29,651
 
Lululemon Athletica *
   
120
     
42,556
 
Marriott International, Cl A
   
325
     
57,694
 
O’Reilly Automotive *
   
67
     
40,639
 
Ross Stores
   
340
     
33,922
 
Starbucks
   
1,122
     
83,746
 
Tesla *
   
616
     
536,388
 
             
1,787,993
 

The accompanying notes are an integral part of the financial statements.
301


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Risk Managed Income ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Consumer Staples — 5.9%
               
Costco Wholesale
   
437
   
$
232,362
 
Keurig Dr Pepper
   
1,379
     
51,575
 
Kraft Heinz
   
1,228
     
52,350
 
Mondelez International, Cl A
   
1,386
     
89,369
 
Monster Beverage *
   
522
     
44,725
 
PepsiCo
   
1,361
     
233,697
 
Walgreens Boots Alliance
   
830
     
35,192
 
             
739,270
 
                 
                 
Health Care — 5.4%
               
Align Technology *
   
80
     
23,193
 
Amgen
   
550
     
128,254
 
Biogen *
   
147
     
30,493
 
Dexcom *
   
96
     
39,224
 
Gilead Sciences
   
1,246
     
73,937
 
IDEXX Laboratories *
   
81
     
34,869
 
Illumina *
   
155
     
45,981
 
Intuitive Surgical *
   
356
     
85,191
 
Moderna *
   
400
     
53,764
 
Regeneron Pharmaceuticals *
   
107
     
70,525
 
Seagen *
   
174
     
22,796
 
Vertex Pharmaceuticals *
   
250
     
68,305
 
             
676,532
 
                 
                 
Industrials — 3.2%
               
Cintas
   
102
     
40,520
 
Copart *
   
231
     
26,253
 
CSX
   
2,181
     
74,896
 
Fastenal
   
569
     
31,471
 
Honeywell International
   
684
     
132,361
 
Old Dominion Freight Line
   
110
     
30,813
 
PACCAR
   
331
     
27,490
 
Verisk Analytics, Cl A
   
159
     
32,444
 
             
396,248
 

The accompanying notes are an integral part of the financial statements.
302


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Risk Managed Income ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
               
Information Technology — 46.8%
               
Adobe *
   
467
   
$
184,909
 
Advanced Micro Devices *
   
1,607
     
137,431
 
Analog Devices
   
520
     
80,278
 
ANSYS *
   
90
     
24,812
 
Apple
   
9,721
     
1,532,516
 
Applied Materials
   
874
     
96,446
 
Atlassian, Cl A *
   
135
     
30,352
 
Autodesk *
   
216
     
40,884
 
Automatic Data Processing
   
418
     
91,199
 
Broadcom
   
407
     
225,637
 
Cadence Design Systems *
   
279
     
42,087
 
Cisco Systems
   
4,083
     
199,985
 
Cognizant Technology Solutions, Cl A
   
517
     
41,825
 
Crowdstrike Holdings, Cl A *
   
207
     
41,143
 
Datadog, Cl A *
   
263
     
31,765
 
DocuSign, Cl A *
   
186
     
15,066
 
Fiserv *
   
638
     
62,473
 
Fortinet *
   
161
     
46,531
 
Intel
   
3,999
     
174,316
 
Intuit
   
281
     
117,669
 
KLA
   
153
     
48,847
 
Lam Research
   
140
     
65,206
 
Marvell Technology
   
856
     
49,716
 
Microchip Technology
   
536
     
34,947
 
Micron Technology
   
1,097
     
74,804
 
Microsoft
   
4,465
     
1,239,127
 
NVIDIA
   
2,092
     
388,003
 
Okta, Cl A *
   
141
     
16,823
 
Palo Alto Networks *
   
97
     
54,444
 
Paychex
   
350
     
44,356
 
PayPal Holdings *
   
1,160
     
101,999
 
QUALCOMM
   
1,105
     
154,357
 

The accompanying notes are an integral part of the financial statements.
303


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Risk Managed Income ETF
 

   
Shares/Number of Contracts
   
Value
 
COMMON STOCK — continued
               
Information Technology — continued
               
Skyworks Solutions
   
169
   
$
19,148
 
Splunk *
   
149
     
18,181
 
Synopsys *
   
147
     
42,158
 
Texas Instruments
   
914
     
155,609
 
VeriSign *
   
113
     
20,192
 
Workday, Cl A *
   
195
     
40,307
 
Zoom Video Communications, Cl A *
   
231
     
23,001
 
Zscaler *
   
135
     
27,370
 
             
5,835,919
 
                 
                 
Utilities — 1.2%
               
American Electric Power
   
502
     
49,753
 
Constellation Energy
   
332
     
19,658
 
Exelon
   
952
     
44,534
 
Xcel Energy
   
526
     
38,535
 
             
152,480
 
                 
                 
TOTAL UNITED STATES
           
11,464,748
 
TOTAL COMMON STOCK
               
(Cost $14,567,429)
           
11,745,848
 
TOTAL INVESTMENTS — 94.1%
               
(Cost $14,567,429)
         
$
11,745,848
 
                 
           
Value
 
PURCHASED OPTIONS— 6.1%(1)
               
UNITED STATES— 6.1%
               
(Cost $262,240)
   
14
   
$
755,820
 
TOTAL PURCHASED OPTIONS
               




The accompanying notes are an integral part of the financial statements.
304


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Risk Managed Income ETF
 


   
Number of Contracts
   
Value
 
WRITTEN OPTIONS— (0.2)%(1)
           
UNITED STATES— (0.2)%
           
(Premiums Received  $(288,606))
   
(14
)
 
$
(29,660
)
TOTAL WRITTEN OPTIONS
               


Percentages are based on Net Assets of $12,484,829.

A list of the exchange traded option contracts held by the Fund at April 30, 2022, is as follows:

Description
 
Number of Contracts
   
Notional
Amount
   
Exercise Price
 
Expiration Date
 
Value
 
PURCHASED OPTIONS — 6.0%
                         
Put Options
                         
Nasdaq-100 Index*
   
8
   
$
10,800,000
   
$
13,500.00
 
05/20/22
 
$
657,000
 
Nasdaq-100® Reduced-Value Index*
   
6
     
1,620,000
     
2,700.00
 
05/20/22
   
98,820
 
Total Purchased Options
         
$
12,420,000
              
$
755,820
 
                                   
WRITTEN OPTIONS — (0.2)%
                                 
Call Options
                                 
Nasdaq-100 Index*
   
(8
)
 
$
(11,380,000
)
   
14,225.00
 
05/20/22
 
$
(25,280
)
Nasdaq-100® Reduced-Value Index*
   
(6
)
   
(1,707,000
)
   
2,845.00
 
05/20/22
   
(4,380
)
Total Written Options
         
$
(13,087,000
)
            
$
(29,660
)


ADR — American Depositary Receipt
Cl — Class

*
Non-income producing security.
(1)
Refer to table below for details on Options Contracts.
(A)
All or a portion of these securities has been segregated as collateral for writtenoptions and purchase options contracts. The aggregate market value of collateral at April 30, 2022 was $11,745,848.






The accompanying notes are an integral part of the financial statements.
305


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Risk Managed Income ETF
 


The following is a summary of the level of inputs used as of April 30, 2022, in valuing the Fund’s investments carried at value:

Investments in Securities
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Common Stock
 
$
11,745,848
   
$
   
$
   
$
11,745,848
 
Total Investments in Securities
 
$
11,745,848
   
$
   
$
   
$
11,745,848
 


Other Financial Instruments
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Purchased Options
 
$
755,820
   
$
   
$
   
$
755,820
 
Written Options
   
(29,660
)
   
     
     
(29,660
)
Total Other Financial Instruments
 
$
726,160
   
$
   
$
   
$
726,160
 


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






The accompanying notes are an integral part of the financial statements.
306


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Collar 95-110 ETF
 


   
Shares
   
Value
 
COMMON STOCK — 93.1%(A)
           
BRAZIL — 0.4%
           
Consumer Discretionary — 0.4%
           
MercadoLibre *
   
16
   
$
15,578
 
                 
                 
CHINA — 1.2%
               
Communication Services — 0.4%
               
Baidu ADR *
   
75
     
9,313
 
NetEase ADR
   
67
     
6,387
 
             
15,700
 
                 
                 
Consumer Discretionary — 0.4%
               
JD.com ADR *
   
190
     
11,715
 
Pinduoduo ADR *
   
140
     
6,033
 
             
17,748
 
                 
                 
Information Technology — 0.4%
               
NXP Semiconductors
   
84
     
14,356
 
                 
                 
TOTAL CHINA
           
47,804
 
NETHERLANDS — 0.3%
               
Information Technology — 0.3%
               
ASML Holding, Cl G
   
25
     
14,094
 

The accompanying notes are an integral part of the financial statements.
307


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Collar 95-110 ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
UNITED KINGDOM — 0.3%
           
Health Care — 0.3%
           
AstraZeneca ADR
   
181
   
$
12,018
 
                 
                 
UNITED STATES — 90.9%
               
Communication Services — 14.9%
               
Activision Blizzard
   
248
     
18,749
 
Alphabet, Cl A *
   
57
     
130,085
 
Alphabet, Cl C *
   
60
     
137,960
 
Charter Communications, Cl A *
   
55
     
23,567
 
Comcast, Cl A
   
1,436
     
57,095
 
Electronic Arts
   
89
     
10,507
 
Match Group *
   
87
     
6,886
 
Meta Platforms, Cl A *
   
662
     
132,711
 
Netflix *
   
141
     
26,841
 
Sirius XM Holdings
   
1,249
     
7,494
 
T-Mobile US *
   
396
     
48,763
 
             
600,658
 
                 
                 
Consumer Discretionary — 14.2%
               
Airbnb, Cl A *
   
119
     
18,232
 
Amazon.com *
   
97
     
241,106
 
Booking Holdings *
   
14
     
30,944
 
Dollar Tree *
   
71
     
11,534
 
eBay
   
183
     
9,501
 
Lucid Group *
   
524
     
9,474
 
Lululemon Athletica *
   
39
     
13,831
 
Marriott International, Cl A
   
104
     
18,462
 
O’Reilly Automotive *
   
21
     
12,738
 
Ross Stores
   
108
     
10,775
 
Starbucks
   
364
     
27,169
 
Tesla *
   
198
     
172,410
 
             
576,176
 

The accompanying notes are an integral part of the financial statements.
308


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Collar 95-110 ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Consumer Staples — 5.9%
           
Costco Wholesale
   
141
   
$
74,973
 
Keurig Dr Pepper
   
450
     
16,830
 
Kraft Heinz
   
380
     
16,199
 
Mondelez International, Cl A
   
439
     
28,307
 
Monster Beverage *
   
162
     
13,880
 
PepsiCo
   
438
     
75,209
 
Walgreens Boots Alliance
   
270
     
11,448
 
             
236,846
 
                 
                 
Health Care — 5.3%
               
Align Technology *
   
24
     
6,958
 
Amgen
   
177
     
41,275
 
Biogen *
   
46
     
9,542
 
Dexcom *
   
31
     
12,666
 
Gilead Sciences
   
397
     
23,558
 
IDEXX Laboratories *
   
26
     
11,192
 
Illumina *
   
50
     
14,832
 
Intuitive Surgical *
   
113
     
27,041
 
Moderna *
   
128
     
17,204
 
Regeneron Pharmaceuticals *
   
34
     
22,410
 
Seagen *
   
58
     
7,599
 
Vertex Pharmaceuticals *
   
80
     
21,858
 
             
216,135
 
                 
                 
Industrials — 3.1%
               
Cintas
   
33
     
13,110
 
Copart *
   
72
     
8,183
 
CSX
   
696
     
23,901
 
Fastenal
   
180
     
9,956
 
Honeywell International
   
217
     
41,992
 
Old Dominion Freight Line
   
36
     
10,084
 
PACCAR
   
108
     
8,969
 
Verisk Analytics, Cl A
   
51
     
10,406
 
             
126,601
 

The accompanying notes are an integral part of the financial statements.
309


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Collar 95-110 ETF
 

   
Shares
   
Value
 
COMMON STOCK — continued
           
Information Technology — 46.3%
           
Adobe *
   
149
   
$
58,997
 
Advanced Micro Devices *
   
517
     
44,214
 
Analog Devices
   
163
     
25,164
 
ANSYS *
   
29
     
7,995
 
Apple
   
3,121
     
492,026
 
Applied Materials
   
281
     
31,008
 
Atlassian, Cl A *
   
44
     
9,892
 
Autodesk *
   
69
     
13,060
 
Automatic Data Processing
   
132
     
28,800
 
Broadcom
   
130
     
72,071
 
Cadence Design Systems *
   
87
     
13,124
 
Cisco Systems
   
1,318
     
64,556
 
Cognizant Technology Solutions, Cl A
   
162
     
13,106
 
Crowdstrike Holdings, Cl A *
   
67
     
13,317
 
Datadog, Cl A *
   
84
     
10,145
 
DocuSign, Cl A *
   
57
     
4,617
 
Fiserv *
   
208
     
20,367
 
Fortinet *
   
51
     
14,739
 
Intel
   
1,293
     
56,362
 
Intuit
   
90
     
37,687
 
KLA
   
48
     
15,324
 
Lam Research
   
43
     
20,028
 
Marvell Technology
   
268
     
15,565
 
Microchip Technology
   
177
     
11,540
 
Micron Technology
   
356
     
24,276
 
Microsoft
   
1,435
     
398,241
 
NVIDIA
   
672
     
124,636
 
Okta, Cl A *
   
48
     
5,727
 
Palo Alto Networks *
   
32
     
17,961
 
Paychex
   
114
     
14,447
 
PayPal Holdings *
   
371
     
32,622
 
QUALCOMM
   
358
     
50,009
 
Skyworks Solutions
   
52
     
5,892
 

The accompanying notes are an integral part of the financial statements.
310


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Collar 95-110 ETF
 

   
Shares/Number of Contracts
   
Value
 
COMMON STOCK — continued
           
Information Technology — continued
           
Splunk *
   
47
   
$
5,735
 
Synopsys *
   
49
     
14,053
 
Texas Instruments
   
292
     
49,713
 
VeriSign *
   
35
     
6,254
 
Workday, Cl A *
   
61
     
12,609
 
Zoom Video Communications, Cl A *
   
72
     
7,169
 
Zscaler *
   
43
     
8,718
 
             
1,871,766
 
                 
                 
Utilities — 1.2%
               
American Electric Power
   
160
     
15,858
 
Constellation Energy
   
101
     
5,980
 
Exelon
   
303
     
14,174
 
Xcel Energy
   
173
     
12,674
 
             
48,686
 
                 
                 
TOTAL UNITED STATES
           
3,676,868
 
TOTAL COMMON STOCK
               
(Cost $4,467,183)
           
3,766,362
 
TOTAL INVESTMENTS — 93.1%
               
(Cost $4,467,183)
         
$
3,766,362
 
                 
           
Value
 
PURCHASED OPTIONS— 6.4%(1)
               
UNITED STATES— 6.4%
               
(Cost $130,540)
   
10
   
$
259,480
 
TOTAL PURCHASED OPTIONS
               
WRITTEN OPTIONS— (0.1)%(1)
               
UNITED STATES— (0.1)%
               
(Premiums Received  $(54,880))
   
(10
)
 
$
(4,310
)
TOTAL WRITTEN OPTIONS
               


Percentages are based on Net Assets of $4,044,034.





The accompanying notes are an integral part of the financial statements.
311


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Collar 95-110 ETF
 



A list of the exchange traded option contracts held by the Fund at April 30, 2022, is as follows:

Description
 
Number of Contracts
   
Notional Amount
   
Exercise Price
 
Expiration Date
 
Value
 
PURCHASED OPTIONS — 6.4%
                         
Put Options
                         
Nasdaq-100 Index*
   
1
   
$
1,342,500
   
$
13,425.00
 
06/17/22
 
$
93,430
 
Nasdaq-100® Reduced-Value Index*
   
9
     
2,412,000
     
2,680.00
 
06/17/22
   
166,050
 
Total Purchased Options
         
$
3,754,500
              
$
259,480
 
                                   
WRITTEN OPTIONS — (0.1)%
                                 
Call Options
                                 
Nasdaq-100 Index*
   
(1
)
 
$
(1,552,500
)
   
15,525.00
 
06/17/22
 
$
(1,520
)
Nasdaq-100® Reduced-Value Index*
   
(9
)
   
(2,794,500
)
   
3,105.00
 
06/17/22
   
(2,790
)
Total Written Options
         
$
(4,347,000
)
            
$
(4,310
)


ADR — American Depositary Receipt
Cl — Class

*
Non-income producing security.
(1)
Refer to table below for details on Options Contracts.
(A)
All or a portion of these securities has been segregated as collateral for writtenoptions and purchased options contracts. The aggregate market value of collateral at April 30, 2022 was $3,766,362.






The accompanying notes are an integral part of the financial statements.
312


Schedule of Investments
 
April 30, 2022 (Unaudited)
 
Global X NASDAQ 100® Collar 95-110 ETF
 


The following is a summary of the level of inputs used as of April 30, 2022, in valuing the Fund’s investments carried at value:

Investments in Securities
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Common Stock
 
$
3,766,362
   
$
   
$
   
$
3,766,362
 
Total Investments in Securities
 
$
3,766,362
   
$
   
$
   
$
3,766,362
 


Other Financial Instruments
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Purchased Options
 
$
259,480
   
$
   
$
   
$
259,480
 
Written Options
   
(4,310
)
   
     
     
(4,310
)
Total Other Financial Instruments
 
$
255,170
   
$
   
$
   
$
255,170
 


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











The accompanying notes are an integral part of the financial statements.
313


 
Statements of Assets and Liabilities
 
 
April 30, 2022 (Unaudited)
 




   
Global X Social Media ETF
   
Global X Lithium & Battery Tech ETF
   
Global X Disruptive Materials ETF
   
Global X E-commerce ETF
 
Assets:
                       
Cost of Investments
 
$
327,746,965
   
$
4,186,427,251
   
$
5,562,067
   
$
155,053,411
 
Cost of Repurchase Agreement
   
1,849,932
     
73,687,127
     
     
1,099,688
 
Cost of Foreign Currency
   
1
     
14,740
     
207
     
 
Investments, at Value
 
$
218,567,073
*
 
$
4,356,426,176
*
 
$
4,964,789
   
$
83,265,975
*
Repurchase Agreement, at Value
   
1,849,932
     
73,687,127
     
     
1,099,688
 
Cash
   
61,642
     
     
     
73,190
 
Foreign Currency, at Value
   
1
     
13,860
     
199
     
 
Receivable for Investment Securities Sold
   
23,063,146
     
25,556
     
     
 
Dividend, Interest, and Securities Lending Income Receivable
   
27,597
     
5,724,938
     
20,610
     
28,233
 
Reclaim Receivable
   
5,416
     
     
1,735
     
 
Total Assets
   
243,574,807
     
4,435,877,657
     
4,987,333
     
84,467,086
 
Liabilities:
                               
Obligation to Return Securities Lending Collateral
   
4,429,884
     
175,164,597
     
     
2,633,333
 
Payable for Investment Securities Purchased
   
21,915,031
     
     
     
 
Payable due to Investment Adviser
   
123,120
     
2,862,620
     
2,659
     
43,132
 
Unrealized Depreciation on Spot Contracts
   
15,131
     
84
     
     
 
Cash Overdraft
   
     
385,784
     
7,901
     
 
Total Liabilities
   
26,483,166
     
178,413,085
     
10,560
     
2,676,465
 
Net Assets
 
$
217,091,641
   
$
4,257,464,572
   
$
4,976,773
   
$
81,790,621
 
Net Assets Consist of:
                               
Paid-in Capital
 
$
389,205,455
   
$
4,197,928,836
   
$
5,491,896
   
$
162,247,368
 
Total Distributable Earnings/(Loss)
   
(172,113,814
)
   
59,535,736
     
(515,123
)
   
(80,456,747
)
Net Assets
 
$
217,091,641
   
$
4,257,464,572
   
$
4,976,773
   
$
81,790,621
 
Outstanding Shares of Beneficial Interest
                               
(unlimited authorization — no par value)
   
5,660,000
     
64,074,628
     
220,000
     
4,190,002
 
Net Asset Value, Offering and Redemption Price Per Share
 
$
38.36
   
$
66.45
   
$
22.62
   
$
19.52
 
*Includes Market Value of Securities on Loan
 
$
4,637,347
   
$
166,654,568
   
$
   
$
2,053,386
 







The accompanying notes are an integral part of the financial statements.
314


 
Statements of Assets and Liabilities
 
 
April 30, 2022 (Unaudited)
 


   
Global X Emerging Markets Internet & E-commerce ETF
   
Global X SuperDividend® ETF
   
Global X SuperDividend® U.S. ETF
   
Global X MSCI SuperDividend® EAFE ETF
 
Assets:
                       
Cost of Investments
 
$
5,010,288
   
$
985,865,526
   
$
655,090,178
   
$
11,268,916
 
Cost of Repurchase Agreement
   
     
29,481,944
     
9,420,766
     
 
Cost of Foreign Currency
   
875
     
3,118,687
     
     
35,985
 
Investments, at Value
 
$
2,623,583
   
$
860,670,119
*
 
$
706,296,431
*
 
$
11,113,003
 
Repurchase Agreement, at Value
   
     
29,481,944
     
9,420,766
     
 
Cash
   
3,934
     
     
     
 
Foreign Currency, at Value
   
879
     
3,128,481
     
     
36,080
 
Dividend, Interest, and Securities Lending Income Receivable
   
138
     
2,771,699
     
2,777,777
     
88,505
 
Reclaim Receivable
   
24
     
360,261
     
8,115
     
47,157
 
Receivable for Capital Shares Sold
   
     
     
1,040,068
     
 
Total Assets
   
2,628,558
     
896,412,504
     
719,543,157
     
11,284,745
 
Liabilities:
                               
Obligation to Return Securities Lending Collateral
   
     
70,598,060
     
22,559,157
     
 
Payable due to Investment Adviser
   
1,429
     
418,939
     
266,732
     
5,393
 
Payable for Investment Securities Purchased
   
     
488,254
     
1,038,686
     
 
Unrealized Depreciation on Spot Contracts
   
     
2,525
     
     
93
 
Cash Overdraft
   
     
3,648,445
     
573,545
     
85,242
 
Total Liabilities
   
1,429
     
75,156,223
     
24,438,120
     
90,728
 
Net Assets
 
$
2,627,129
   
$
821,256,281
   
$
695,105,037
   
$
11,194,017
 
Net Assets Consist of:
                               
Paid-in Capital
 
$
6,070,142
   
$
1,545,672,897
   
$
786,226,062
   
$
12,626,990
 
Total Distributable Loss
   
(3,443,013
)
   
(724,416,616
)
   
(91,121,025
)
   
(1,432,973
)
Net Assets
 
$
2,627,129
   
$
821,256,281
   
$
695,105,037
   
$
11,194,017
 
Outstanding Shares of Beneficial Interest
                               
(unlimited authorization — no par value)
   
360,000
     
77,070,000
     
34,310,000
     
750,000
 
Net Asset Value, Offering and Redemption Price Per Share
 
$
7.30
   
$
10.66
   
$
20.26
   
$
14.93
 
*Includes Market Value of Securities on Loan
 
$
   
$
63,986,441
   
$
21,051,368
   
$
 







The accompanying notes are an integral part of the financial statements.
315


 
Statements of Assets and Liabilities
 
 
April 30, 2022 (Unaudited)
 


   
Global X MSCI SuperDividend® Emerging Markets ETF
   
Global X SuperDividend® REIT ETF
   
Global X NASDAQ 100® Covered Call ETF
   
Global X S&P 500® Covered Call ETF
 
Assets:
                       
Cost of Investments
 
$
78,209,437
   
$
385,555,970
   
$
6,928,281,396
   
$
1,593,418,648
 
Cost of Repurchase Agreement
   
     
6,101,856
     
     
 
Cost of Foreign Currency
   
41,705
     
97,452
     
     
 
Investments, at Value
 
$
72,862,405
   
$
371,591,999
*
 
$
6,909,221,082
   
$
1,532,908,241
 
Repurchase Agreement, at Value
   
     
6,101,856
     
     
 
Cash
   
     
324,320
     
16,601,918
     
638,713
 
Foreign Currency, at Value
   
46,783
     
96,013
     
     
 
Dividend, Interest, and Securities Lending Income Receivable
   
393,960
     
1,549,459
     
532,755
     
967,491
 
Reclaim Receivable
   
29,299
     
     
     
21,813
 
Receivable for Capital Shares Sold
   
     
     
     
4,655,075
 
Receivable for Investment Securities Sold
   
     
13,493,628
     
     
10,517
 
Total Assets
   
73,332,447
     
393,157,275
     
6,926,355,755
     
1,539,201,850
 
Liabilities:
                               
Obligation to Return Securities Lending Collateral
   
     
14,611,627
     
     
 
Accrued Foreign Capital Gains Tax on Appreciated Securities
   
95,464
     
     
     
 
Payable due to Investment Adviser
   
41,191
     
184,662
     
3,486,726
     
712,138
 
Payable for Investment Securities Purchased
   
     
12,841,413
     
     
4,701,695
 
Options Written at Value (Premiums received $–, $–, $216,847,049 and $32,844,397,  respectively)
   
     
     
27,058,090
     
3,690,455
 
Unrealized Depreciation on Spot Contracts
   
     
737
     
     
 
Cash Overdraft
   
64,933
     
     
     
 
Total Liabilities
   
201,588
     
27,638,439
     
30,544,816
     
9,104,288
 
Net Assets
 
$
73,130,859
   
$
365,518,836
   
$
6,895,810,939
   
$
1,530,097,562
 
Net Assets Consist of:
                               
Paid-in Capital
 
$
93,890,348
   
$
603,334,034
   
$
7,813,993,264
   
$
1,629,740,762
 
Total Distributable Loss
   
(20,759,489
)
   
(237,815,198
)
   
(918,182,325
)
   
(99,643,200
)
Net Assets
 
$
73,130,859
   
$
365,518,836
   
$
6,895,810,939
   
$
1,530,097,562
 
Outstanding Shares of Beneficial Interest
                               
(unlimited authorization — no par value)
   
7,670,000
     
41,830,000
     
357,580,000
     
32,870,000
 
Net Asset Value, Offering and Redemption Price Per Share
 
$
9.53
   
$
8.74
   
$
19.28
   
$
46.55
 
*Includes Market Value of Securities on Loan
 
$
   
$
13,936,119
   
$
   
$
 







The accompanying notes are an integral part of the financial statements.
316


 
Statements of Assets and Liabilities
 
 
April 30, 2022 (Unaudited)
 


   
Global X Russell 2000 Covered Call ETF
   
Global X Dow 30® Covered Call ETF
   
Global X Nasdaq 100® Covered Call & Growth ETF
   
Global X S&P 500® Covered Call & Growth ETF
 
Assets:
                       
Cost of Investments
 
$
1,347,753,022
   
$
12,154,435
   
$
70,136,815
   
$
38,494,497
 
Investments, at Value
 
$
1,284,248,824
   
$
11,758,343
   
$
60,202,077
   
$
35,301,724
 
Cash
   
2,446,021
     
8,006
     
87,536
     
43,525
 
Receivable for Capital Shares Sold
   
2,210,708
     
730,270
     
     
1,413,222
 
Dividend, Interest, and Securities Lending Income Receivable
   
56,587
     
5,815
     
4,634
     
25,031
 
Receivable for Investment Securities Sold
   
7,757
     
1,664
     
     
1,585
 
Reclaim Receivable
   
     
     
     
257
 
Total Assets
   
1,288,969,897
     
12,504,098
     
60,294,247
     
36,785,344
 
Liabilities:
                               
Options Written at Value (Premiums received $36,166,352, $193,673, $949,118 and $378,527,  respectively)
   
4,917,055
     
83,660
     
119,740
     
42,709
 
Payable for Investment Securities Purchased
   
2,219,040
     
735,522
     
     
1,393,971
 
Payable due to Investment Adviser
   
525,308
     
4,288
     
30,199
     
18,882
 
Total Liabilities
   
7,661,403
     
823,470
     
149,939
     
1,455,562
 
Net Assets
 
$
1,281,308,494
   
$
11,680,628
   
$
60,144,308
   
$
35,329,782
 
Net Assets Consist of:
                               
Paid-in Capital
 
$
1,400,882,976
   
$
11,945,122
   
$
70,759,524
   
$
38,348,507
 
Total Distributable Loss
   
(119,574,482
)
   
(264,494
)
   
(10,615,216
)
   
(3,018,725
)
Net Assets
 
$
1,281,308,494
   
$
11,680,628
   
$
60,144,308
   
$
35,329,782
 
Outstanding Shares of Beneficial Interest
                               
(unlimited authorization — no par value)
   
57,960,000
     
480,000
     
2,280,000
     
1,250,000
 
Net Asset Value, Offering and Redemption Price Per Share
 
$
22.11
   
$
24.33
   
$
26.38
   
$
28.26
 







The accompanying notes are an integral part of the financial statements.
317


 
Statements of Assets and Liabilities
 
 
April 30, 2022 (Unaudited)
 


   
Global X SuperIncome™ Preferred ETF
   
Global X Renewable Energy Producers ETF
   
Global X S&P 500® Catholic Values ETF
   
Global X S&P Catholic Values Developed ex-U.S. ETF
 
Assets:
                       
Cost of Investments
 
$
218,480,348
   
$
136,118,533
   
$
495,290,207
   
$
6,428,454
 
Cost of Repurchase Agreement
   
984,872
     
350,210
     
     
 
Cost of Foreign Currency
   
     
33,441
     
     
3,800
 
Investments, at Value
 
$
205,590,739
*
 
$
119,554,255
*
 
$
592,635,636
   
$
6,244,276
 
Repurchase Agreement, at Value
   
984,872
     
350,210
     
     
 
Cash
   
173,454
     
365,447
     
818,345
     
25,076
 
Foreign Currency, at Value
   
     
33,446
     
     
3,808
 
Dividend, Interest, and Securities Lending Income Receivable
   
811,141
     
184,977
     
402,444
     
20,020
 
Unrealized Appreciation on Spot Contracts
   
     
37
     
     
4
 
Receivable for Capital Shares Sold
   
     
     
6,301,444
     
 
Reclaim Receivable
   
     
75,371
     
13,679
     
3,595
 
Total Assets
   
207,560,206
     
120,563,743
     
600,171,548
     
6,296,779
 
Liabilities:
                               
Obligation to Return Securities Lending Collateral
   
2,358,396
     
838,619
     
     
 
Payable due to Investment Adviser
   
99,407
     
76,544
     
150,713
     
1,652
 
Payable for Investment Securities Purchased
   
     
     
6,275,124
     
37,436
 
Total Liabilities
   
2,457,803
     
915,163
     
6,425,837
     
39,088
 
Net Assets
 
$
205,102,403
   
$
119,648,580
   
$
593,745,711
   
$
6,257,691
 
Net Assets Consist of:
                               
Paid-in Capital
 
$
281,375,212
   
$
138,213,083
   
$
492,954,194
   
$
6,451,066
 
Total Distributable Earnings/(Loss)
   
(76,272,809
)
   
(18,564,503
)
   
100,791,517
     
(193,375
)
Net Assets
 
$
205,102,403
   
$
119,648,580
   
$
593,745,711
   
$
6,257,691
 
Outstanding Shares of Beneficial Interest
                               
(unlimited authorization — no par value)
   
19,110,000
     
7,990,000
     
11,740,000
     
230,000
 
Net Asset Value, Offering and Redemption Price Per Share
 
$
10.73
   
$
14.97
   
$
50.57
   
$
27.21
 
*Includes Market Value of Securities on Loan
 
$
2,307,309
   
$
813,146
   
$
   
$
 







The accompanying notes are an integral part of the financial statements.
318


 
Statements of Assets and Liabilities
 
 
April 30, 2022 (Unaudited)
 


   
Global X Guru® Index 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
 
Assets:
                       
Cost of Investments
 
$
62,847,732
   
$
3,296,603
   
$
23,729,186
   
$
4,021,222
 
Cost of Repurchase Agreement
   
507,915
     
     
     
 
Investments, at Value
 
$
54,395,818
*
 
$
3,056,823
   
$
21,609,015
   
$
3,738,105
 
Repurchase Agreement, at Value
   
507,915
     
     
     
 
Cash
   
62,179
     
6,473
     
25,188
     
7,582
 
Dividend, Interest, and Securities Lending Income Receivable
   
9,039
     
2,131
     
14,930
     
2,594
 
Options Purchased at Value (Cost $–, $54,491, $246,115 and $106,455, respectively)
   
     
81,362
     
808,880
     
174,220
 
Reclaim Receivable
   
     
24
     
124
     
28
 
Total Assets
   
54,974,951
     
3,146,813
     
22,458,137
     
3,922,529
 
Liabilities:
                               
Obligation to Return Securities Lending Collateral
   
1,216,264
     
     
     
 
Payable due to Investment Adviser
   
35,808
     
1,630
     
11,231
     
2,049
 
Options Written at Value (Premiums received $–, $–, ($481,741) and ($17,053),  respectively)
   
     
     
52,071
     
730
 
Total Liabilities
   
1,252,072
     
1,630
     
63,302
     
2,779
 
Net Assets
 
$
53,722,879
   
$
3,145,183
   
$
22,394,835
   
$
3,919,750
 
Net Assets Consist of:
                               
Paid-in Capital
 
$
72,128,338
   
$
3,526,120
   
$
24,158,099
   
$
4,298,875
 
Total Distributable Loss
   
(18,405,459
)
   
(380,937
)
   
(1,763,264
)
   
(379,125
)
Net Assets
 
$
53,722,879
   
$
3,145,183
   
$
22,394,835
   
$
3,919,750
 
Outstanding Shares of Beneficial Interest
                               
(unlimited authorization — no par value)
   
1,450,000
     
130,000
     
920,000
     
160,000
 
Net Asset Value, Offering and Redemption Price Per Share
 
$
37.05
   
$
24.19
   
$
24.34
   
$
24.50
 
*Includes Market Value of Securities on Loan
 
$
1,227,224
   
$
   
$
   
$
 







The accompanying notes are an integral part of the financial statements.
319


 
Statements of Assets and Liabilities
 
 
April 30, 2022 (Unaudited)
 


   
Global X NASDAQ 100® Tail Risk ETF
   
Global X NASDAQ 100® Risk Managed Income ETF
   
Global X NASDAQ 100® Collar 95-110 ETF
 
Assets:
                 
Cost of Investments
 
$
2,424,642
   
$
14,567,429
   
$
4,467,183
 
Investments, at Value
 
$
1,978,976
   
$
11,745,848
   
$
3,766,362
 
Cash
   
3,974
     
18,413
     
24,104
 
Options Purchased at Value (Cost $42,600, $262,240 and $130,540, respectively)
   
84,550
     
755,820
     
259,480
 
Dividend, Interest, and Securities Lending Income Receivable
   
214
     
954
     
280
 
Total Assets
   
2,067,714
     
12,521,035
     
4,050,226
 
Liabilities:
                       
Payable due to Investment Adviser
   
1,780
     
6,546
     
1,882
 
Options Written at Value (Premiums received $–, ($288,606) and ($54,880),  respectively)
   
     
29,660
     
4,310
 
Total Liabilities
   
1,780
     
36,206
     
6,192
 
Net Assets
 
$
2,065,934
   
$
12,484,829
   
$
4,044,034
 
Net Assets Consist of:
                       
Paid-in Capital
 
$
2,690,605
   
$
14,479,977
   
$
4,523,970
 
Total Distributable Loss
   
(624,671
)
   
(1,995,148
)
   
(479,936
)
Net Assets
 
$
2,065,934
   
$
12,484,829
   
$
4,044,034
 
Outstanding Shares of Beneficial Interest
                       
(unlimited authorization — no par value)
   
100,000
     
600,000
     
180,000
 
Net Asset Value, Offering and Redemption Price Per Share
 
$
20.66
   
$
20.81
   
$
22.47
 







The accompanying notes are an integral part of the financial statements.
320


 
Statements of Operations
 
 
For the period ended April 30, 2022 (Unaudited)
 


   
Global X Social Media ETF
   
Global X Lithium & Battery Tech ETF
   
Global X Disruptive Materials ETF(1)
   
Global X E-commerce ETF
 
Investment Income:
                       
Dividend Income
 
$
1,378,983
   
$
17,080,363
   
$
55,241
   
$
717,110
 
Interest Income
   
22
     
461
     
     
 
Security Lending Income
   
12,180
     
7,112,670
     
     
8,613
 
Less: Foreign Taxes Withheld
   
(13,967
)
   
(3,469,894
)
   
(5,629
)
   
(2,851
)
Total Investment Income
   
1,377,218
     
20,723,600
     
49,612
     
722,872
 
Supervision and Administration Fees(2)
   
971,935
     
19,238,936
     
6,028
     
381,355
 
Tax Expense
   
     
70,214
     
     
 
Custodian Fees(3)
   
44
     
11,078
     
48
     
96
 
Total Expenses
   
971,979
     
19,320,228
     
6,076
     
381,451
 
Net Investment Income
   
405,239
     
1,403,372
     
43,536
     
341,421
 
Net Realized Gain (Loss) on:
                               
Investments(4)
   
(30,139,731
)
   
26,829,959
     
39,174
     
(6,960,092
)
Foreign Currency Transactions
   
(21,379
)
   
(606,923
)
   
(235
)
   
(3,144
)
Net Realized Gain (Loss) on Investments, Foreign Currency Transactions
   
(30,161,110
)
   
26,223,036
     
38,939
     
(6,963,236
)
Net Change in Unrealized Appreciation (Depreciation) on:
                               
Investments
   
(111,107,945
)
   
(1,641,459,307
)
   
(597,278
)
   
(59,207,784
)
Foreign Currency Translations
   
(2,151
)
   
228,857
     
(320
)
   
 
Net Change in Unrealized Depreciation on Investments, Foreign Currency Translations
   
(111,110,096
)
   
(1,641,230,450
)
   
(597,598
)
   
(59,207,784
)
Net Realized and Unrealized Loss on Investments, Foreign Currency Translations
   
(141,271,206
)
   
(1,615,007,414
)
   
(558,659
)
   
(66,171,020
)
Net Decrease in Net Assets Resulting from Operations
 
$
(140,865,967
)
 
$
(1,613,604,042
)
 
$
(515,123
)
 
$
(65,829,599
)


(1)
The Supervision and Administration fees reflect the supervisory and administrative fee, which 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.
321


 
Statements of Operations
 
 
For the period ended April 30, 2022 (Unaudited)
 


   
Global X Emerging Markets Internet & E-commerce ETF
   
Global X SuperDividend® ETF
   
Global X SuperDividend® U.S. ETF
   
Global X MSCI SuperDividend® EAFE ETF
 
Investment Income:
                       
Dividend Income
 
$
16,244
   
$
25,533,890
   
$
14,800,814
   
$
356,584
 
Interest Income
   
     
     
59
     
 
Security Lending Income
   
     
639,504
     
28,977
     
 
Less: Foreign Taxes Withheld
   
(512
)
   
(892,789
)
   
     
(33,974
)
Total Investment Income
   
15,732
     
25,280,605
     
14,829,850
     
322,610
 
Supervision and Administration Fees(1)
   
11,291
     
2,581,592
     
1,556,562
     
33,973
 
Custodian Fees(2)
   
26
     
38,971
     
2,336
     
480
 
Total Expenses
   
11,317
     
2,620,563
     
1,558,898
     
34,453
 
Net Investment Income
   
4,415
     
22,660,042
     
13,270,952
     
288,157
 
Net Realized Gain (Loss) on:
                               
Investments(3)
   
(834,225
)
   
(35,628,359
)
   
55,177,268
     
192,663
 
Foreign Currency Transactions
   
(7
)
   
(636,981
)
   
     
568
 
Net Realized Gain (Loss) on Investments, Foreign Currency Transactions
   
(834,232
)
   
(36,265,340
)
   
55,177,268
     
193,231
 
Net Change in Unrealized Appreciation (Depreciation) on:
                               
Investments
   
(924,511
)
   
(119,931,605
)
   
(45,652,620
)
   
(605,580
)
Foreign Currency Translations
   
21
     
(71,939
)
   
     
(6,567
)
Net Change in Unrealized Depreciation on Investments, Foreign Currency Translations
   
(924,490
)
   
(120,003,544
)
   
(45,652,620
)
   
(612,147
)
Net Realized and Unrealized Gain (Loss) on Investments, Foreign Currency Translations
   
(1,758,722
)
   
(156,268,884
)
   
9,524,648
     
(418,916
)
Net Increase (Decrease) in Net Assets Resulting from Operations
 
$
(1,754,307
)
 
$
(133,608,842
)
 
$
22,795,600
   
$
(130,759
)


(1)
The Supervision and Administration fees reflect the supervisory and administrative fee, which 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.
322


 
Statements of Operations
 
 
For the period ended April 30, 2022 (Unaudited)
 


   
Global X MSCI SuperDividend® Emerging Markets ETF
   
Global X SuperDividend® REIT ETF
   
Global X NASDAQ 100® Covered Call ETF
   
Global X S&P 500® Covered Call ETF
 
Investment Income:
                       
Dividend Income
 
$
2,229,140
   
$
9,455,596
   
$
22,286,356
   
$
7,275,984
 
Interest Income
   
55
     
1
     
     
438
 
Security Lending Income
   
     
14,501
     
     
 
Less: Foreign Taxes Withheld
   
(232,693
)
   
(493,401
)
   
(32,801
)
   
 
Total Investment Income
   
1,996,502
     
8,976,697
     
22,253,555
     
7,276,422
 
Supervision and Administration Fees(1)
   
238,561
     
1,183,209
     
18,372,707
     
3,069,305
 
Custodian Fees(2)
   
2,051
     
7,668
     
27,243
     
4,133
 
Total Expenses
   
240,612
     
1,190,877
     
18,399,950
     
3,073,438
 
Net Investment Income
   
1,755,890
     
7,785,820
     
3,853,605
     
4,202,984
 
Net Realized Gain (Loss) on:
                               
Investments(3)
   
(7,880,796
)
   
12,103,281
     
10,166,163
     
410,980
 
Purchased Options
   
     
     
101,182,222
     
61,928,663
 
Written Options
   
     
     
309,965,446
     
 
Foreign Currency Transactions
   
(78,400
)
   
(60,671
)
   
     
 
Net Realized Gain (Loss) on Investments, Purchased Options. Written Options, Foreign Currency Transactions
   
(7,959,196
)
   
12,042,610
     
421,313,831
     
62,339,643
 
Net Change in Unrealized Appreciation (Depreciation) on:
                               
Investments
   
(2,457,887
)
   
(55,232,674
)
   
(1,386,468,831
)
   
(149,644,640
)
Written Options
   
     
     
359,165,097
     
42,633,248
 
Foreign Capital Gains Tax on Appreciated Securities
   
44,684
     
     
     
 
Foreign Currency Translations
   
8,025
     
(35,226
)
   
     
 
Net Change in Unrealized Depreciation on Investments, Written Options, Foreign Currency Translations
   
(2,405,178
)
   
(55,267,900
)
   
(1,027,303,734
)
   
(107,011,392
)
Net Realized and Unrealized Loss on Investments, Written Options, Foreign Currency Translations, Purchased Options
   
(10,364,374
)
   
(43,225,290
)
   
(605,989,903
)
   
(44,671,749
)
Net Decrease in Net Assets Resulting from Operations
 
$
(8,608,484
)
 
$
(35,439,470
)
 
$
(602,136,298
)
 
$
(40,468,765
)


(1)
The Supervision and Administration fees reflect the supervisory and administrative fee, which 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.
323


 
Statements of Operations
 
 
For the period ended April 30, 2022 (Unaudited)
 


   
Global X Russell 2000 Covered Call ETF
   
Global X Dow 30® Covered Call ETF(1)
   
Global X Nasdaq 100® Covered Call & Growth ETF
   
Global X S&P 500® Covered Call & Growth ETF
 
Investment Income:
                       
Dividend Income
 
$
5,820,697
   
$
13,943
   
$
195,004
   
$
274,476
 
Interest Income
   
473
     
     
     
 
Less: Foreign Taxes Withheld
   
(86
)
   
     
(353
)
   
 
Total Investment Income
   
5,821,084
     
13,943
     
194,651
     
274,476
 
Supervision and Administration Fees(2)
   
2,764,511
     
6,283
     
164,116
     
113,770
 
Custodian Fees(3)
   
24,304
     
16
     
624
     
539
 
Total Expenses
   
2,788,815
     
6,299
     
164,740
     
114,309
 
Waiver of Supervision and Administration Fees
   
(460,746
)
   
     
     
 
Net Expenses
   
2,328,069
     
6,299
     
164,740
     
114,309
 
Net Investment Income
   
3,493,015
     
7,644
     
29,911
     
160,167
 
Net Realized Gain (Loss) on:
                               
Investments(4)
   
(127,603,244
)
   
(1,071
)
   
2,275,576
     
1,187,945
 
Purchased Options
   
114,277,083
     
112,576
     
836,539
     
555,270
 
Written Options
   
     
     
1,035,116
     
382,385
 
Net Realized Gain (Loss) on Investments, Purchased Options, Written Options
   
(13,326,161
)
   
111,505
     
4,147,231
     
2,125,600
 
Net Change in Unrealized Appreciation (Depreciation) on:
                               
Investments
   
(90,082,055
)
   
(396,092
)
   
(14,999,612
)
   
(5,098,551
)
Written Options
   
30,101,380
     
110,013
     
1,561,865
     
697,815
 
Net Change in Unrealized Depreciation on Investments, Written Options
   
(59,980,675
)
   
(286,079
)
   
(13,437,747
)
   
(4,400,736
)
Net Realized and Unrealized Loss on Investments, Purchased Options, Written Options
   
(73,306,836
)
   
(174,574
)
   
(9,290,516
)
   
(2,275,136
)
Net Decrease in Net Assets Resulting from Operations
 
$
(69,813,821
)
 
$
(166,930
)
 
$
(9,260,605
)
 
$
(2,114,969
)


(1)
The Fund commenced operations on February 23, 2022.
(2)
The Supervision and Administration fees reflect the supervisory and administrative fee, which includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in Notes to Financial Statements.)  
(3)
See Note 2 in the Notes to Financial Statements.
(4)
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.
324


 
Statements of Operations
 
 
For the period ended April 30, 2022 (Unaudited)
 


   
Global X SuperIncome™ Preferred ETF
   
Global X Renewable Energy Producers ETF
   
Global X S&P 500® Catholic Values ETF
   
Global X S&P Catholic Values Developed ex-U.S. ETF
 
Investment Income:
                       
Dividend Income
 
$
6,494,606
   
$
1,229,511
   
$
4,277,452
   
$
77,784
 
Interest Income
   
20
     
3
     
30
     
2
 
Security Lending Income
   
72,909
     
20,843
     
     
 
Less: Foreign Taxes Withheld
   
(1,478
)
   
(98,225
)
   
     
(6,882
)
Total Investment Income
   
6,566,057
     
1,152,132
     
4,277,482
     
70,904
 
Supervision and Administration Fees(1)
   
637,425
     
427,324
     
898,847
     
8,457
 
Custodian Fees(2)
   
1,128
     
537
     
162
     
29
 
Total Expenses
   
638,553
     
427,861
     
899,009
     
8,486
 
Net Investment Income
   
5,927,504
     
724,271
     
3,378,473
     
62,418
 
Net Realized Gain (Loss) on:
                               
Investments(3)
   
(2,465,794
)
   
2,393,432
     
3,988,561
     
(42,392
)
Foreign Currency Transactions
   
     
(71,145
)
   
     
(353
)
Net Realized Gain (Loss) on Investments, Foreign Currency Transactions
   
(2,465,794
)
   
2,322,287
     
3,988,561
     
(42,745
)
Net Change in Unrealized Depreciation on:
                               
Investments
   
(20,345,810
)
   
(18,888,024
)
   
(80,383,792
)
   
(884,858
)
Foreign Currency Translations
   
     
(626
)
   
     
(907
)
Net Change in Unrealized Depreciation on Investments, Foreign Currency Translations
   
(20,345,810
)
   
(18,888,650
)
   
(80,383,792
)
   
(885,765
)
Net Realized and Unrealized Loss on Investments, Foreign Currency Translations
   
(22,811,604
)
   
(16,566,363
)
   
(76,395,231
)
   
(928,510
)
Net Decrease in Net Assets Resulting from Operations
 
$
(16,884,100
)
 
$
(15,842,092
)
 
$
(73,016,758
)
 
$
(866,092
)


(1)
The Supervision and Administration fees reflect the supervisory and administrative fee, which 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.
325


 
Statements of Operations
 
 
For the period ended April 30, 2022 (Unaudited)
 


   
Global X Guru® Index 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
 
Investment Income:
                       
Dividend Income
 
$
230,342
   
$
24,257
   
$
114,765
   
$
25,255
 
Interest Income
   
5
     
     
     
 
Security Lending Income
   
18,361
     
     
     
 
Total Investment Income
   
248,708
     
24,257
     
114,765
     
25,255
 
Supervision and Administration Fees(1)
   
242,430
     
10,310
     
48,305
     
10,760
 
Custodian Fees(2)
   
113
     
     
343
     
172
 
Total Expenses
   
242,543
     
10,310
     
48,648
     
10,932
 
Net Investment Income
   
6,165
     
13,947
     
66,117
     
14,323
 
Net Realized Gain (Loss) on:
                               
Investments(3)
   
(2,998,612
)
   
2,424
     
(74,777
)
   
(823
)
Purchased Options
   
     
(100,813
)
   
1,190,966
     
8,741
 
Written Options
   
     
     
(899,763
)
   
(148,724
)
Net Realized Gain (Loss) on Investments, Purchased Options, Written Options
   
(2,998,612
)
   
(98,389
)
   
216,426
     
(140,806
)
Net Change in Unrealized Appreciation (Depreciation) on:
                               
Investments
   
(16,470,608
)
   
(350,299
)
   
(2,309,779
)
   
(378,348
)
Purchased Options
   
     
59,579
     
586,518
     
114,856
 
Written Options
   
     
     
545,165
     
16,069
 
Net Change in Unrealized Depreciation on Investments, Purchased Options, Written Options
   
(16,470,608
)
   
(290,720
)
   
(1,178,096
)
   
(247,423
)
Net Realized and Unrealized Loss on Investments, Purchased Options, Written Options
   
(19,469,220
)
   
(389,109
)
   
(961,670
)
   
(388,229
)
Net Decrease in Net Assets Resulting from Operations
 
$
(19,463,055
)
 
$
(375,162
)
 
$
(895,553
)
 
$
(373,906
)



(1)
The Supervision and Administration fees reflect the supervisory and administrative fee, which 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.
326


 
Statements of Operations
 
 
For the period ended April 30, 2022 (Unaudited)
 


   
Global X NASDAQ 100® Tail Risk ETF
   
Global X NASDAQ 100® Risk Managed Income ETF
   
Global X NASDAQ 100® Collar 95-110 ETF
 
Investment Income:
                 
Dividend Income
 
$
13,596
   
$
41,740
   
$
12,296
 
Less: Foreign Taxes Withheld
   
(20
)
   
(61
)
   
(19
)
Total Investment Income
   
13,576
     
41,679
     
12,277
 
Supervision and Administration Fees(1)
   
11,084
     
35,959
     
10,705
 
Custodian Fees(2)
   
2
     
332
     
174
 
Total Expenses
   
11,086
     
36,291
     
10,879
 
Net Investment Income
   
2,490
     
5,388
     
1,398
 
Net Realized Gain (Loss) on:
                       
Investments(3)
   
(36,140
)
   
(84,180
)
   
(13,564
)
Purchased Options
   
(121,136
)
   
1,237,961
     
41,514
 
Written Options
   
     
(592,293
)
   
52,131
 
Net Realized Gain (Loss) on Investments, Purchased Options, Written Options
   
(157,276
)
   
561,488
     
80,081
 
Net Change in Unrealized Appreciation (Depreciation) on:
                       
Investments
   
(549,267
)
   
(2,990,836
)
   
(784,495
)
Purchased Options
   
79,810
     
518,662
     
174,010
 
Written Options
   
     
409,465
     
49,273
 
Net Change in Unrealized Depreciation on Investments, Purchased Options, Written Options
   
(469,457
)
   
(2,062,709
)
   
(561,212
)
Net Realized and Unrealized Loss on Investments, Purchased Options, Written Options
   
(626,733
)
   
(1,501,221
)
   
(481,131
)
Net Decrease in Net Assets Resulting from Operations
 
$
(624,243
)
 
$
(1,495,833
)
 
$
(479,733
)


(1)
The Supervision and Administration fees reflect the supervisory and administrative fee, which 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.
327


 
Statements of Changes in Net Assets
 
     


   
Global X Social Media ETF
   
Global X Lithium & Battery Tech ETF
 
   
Period Ended April 30, 2022
(Unaudited)
   
Year Ended October 31, 2021
   
Period Ended April 30, 2022
(Unaudited)
   
Year Ended October 31, 2021
 
Operations:
                       
Net Investment Income (Loss)
 
$
405,239
   
$
(1,911,606
)
 
$
1,403,372
   
$
5,390,819
 
Net Realized Gain (Loss) on Investments, Foreign Currency Transactions (1)
   
(30,161,110
)
   
103,952,942
     
26,223,036
     
274,489,561
 
Net Change in Unrealized Appreciation (Depreciation) on Investments, Foreign Currency Translations
   
(111,110,096
)
   
(71,438,661
)
   
(1,641,230,450
)
   
1,628,377,103
 
Net Increase (Decrease) in Net Assets Resulting from Operations
   
(140,865,967
)
   
30,602,675
     
(1,613,604,042
)
   
1,908,257,483
 
Distributions
   
     
     
(9,713,290
)
   
(4,617,167
)
Capital Share Transactions:
                               
Issued
   
11,454
     
312,935,286
     
801,093,773
     
3,085,540,584
 
Redeemed
   
(43,946,626
)
   
(167,644,538
)
   
(295,710,604
)
   
(482,676,020
)
Increase (Decrease) in Net Assets from Capital Share Transactions
   
(43,935,172
)
   
145,290,748
     
505,383,169
     
2,602,864,564
 
Total Increase (Decrease) in Net Assets
   
(184,801,139
)
   
175,893,423
     
(1,117,934,163
)
   
4,506,504,880
 
Net Assets:
                               
Beginning of Year/Period
   
401,892,780
     
225,999,357
     
5,375,398,735
     
868,893,855
 
End of Year/Period
 
$
217,091,641
   
$
401,892,780
   
$
4,257,464,572
   
$
5,375,398,735
 
Share Transactions:
                               
Issued
   
     
4,480,000
     
8,890,000
     
45,050,000
 
Redeemed
   
(900,000
)
   
(2,270,000
)
   
(3,840,000
)
   
(6,300,000
)
Net Increase (Decrease) in Shares Outstanding from Share Transactions
   
(900,000
)
   
2,210,000
     
5,050,000
     
38,750,000
 


(1)
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.
328


 
Statements of Changes in Net Assets
 
     


   
Global X Disruptive Materials ETF
   
Global X E-commerce ETF
 
   
Period Ended April 30, 2022(1) (Unaudited)
   
Period Ended April 30, 2022
(Unaudited)
   
Year Ended October 31, 2021
 
Operations:
                 
Net Investment Income (Loss)
 
$
43,536
   
$
341,421
   
$
(220,637
)
Net Realized Gain (Loss) on Investments, Foreign Currency Transactions (2)
   
38,939
     
(6,963,236
)
   
20,994,579
 
Net Change in Unrealized Appreciation (Depreciation) on Investments, Foreign Currency Translations
   
(597,598
)
   
(59,207,784
)
   
(15,365,762
)
Net Increase (Decrease) in Net Assets Resulting from Operations
   
(515,123
)
   
(65,829,599
)
   
5,408,180
 
Distributions
   
     
(964,485
)
   
(1,105,636
)
Capital Share Transactions:
                       
Issued
   
6,008,246
     
21,458,528
     
157,633,184
 
Redeemed
   
(516,350
)
   
(70,625,015
)
   
(55,267,404
)
Increase (Decrease) in Net Assets from Capital Share Transactions
   
5,491,896
     
(49,166,487
)
   
102,365,780
 
Total Increase (Decrease) in Net Assets
   
4,976,773
     
(115,960,571
)
   
106,668,324
 
Net Assets:
                       
Beginning of Year/Period
   
     
197,751,192
     
91,082,868
 
End of Year/Period
 
$
4,976,773
   
$
81,790,621
   
$
197,751,192
 
Share Transactions:
                       
Issued
   
240,000
     
1,000,000
     
4,640,000
 
Redeemed
   
(20,000
)
   
(3,150,000
)
   
(1,700,000
)
Net Increase (Decrease) in Shares Outstanding from Share Transactions
   
220,000
     
(2,150,000
)
   
2,940,000
 


(1)
The Fund commenced operations on January 24, 2022.
(2)
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.
329


 
Statements of Changes in Net Assets
 
     


   
Global X Emerging Markets Internet & E-commerce ETF
   
Global X SuperDividend® ETF
 
   
Period Ended April 30, 2022
(Unaudited)
   
Period Ended October 31, 2021(1)
   
Period Ended April 30, 2022
(Unaudited)
   
Year Ended October 31, 2021
 
Operations:
                       
Net Investment Income (Loss)
 
$
4,415
   
$
(27,611
)
 
$
22,660,042
   
$
61,535,540
 
Net Realized Gain (Loss) on Investments, Foreign Currency Transactions (2)
   
(834,232
)
   
(323,485
)
   
(36,265,340
)
   
73,981,878
 
Net Change in Unrealized Appreciation (Depreciation) on Investments, Foreign Currency Translations
   
(924,490
)
   
(1,462,197
)
   
(120,003,544
)
   
61,523,433
 
Net Increase (Decrease) in Net Assets Resulting from Operations
   
(1,754,307
)
   
(1,813,293
)
   
(133,608,842
)
   
197,040,851
 
Distributions
   
     
     
(46,324,672
)
   
(65,648,210
)
Capital Share Transactions:
                               
Issued
   
121
     
7,267,793
     
87,627,401
     
177,439,475
 
Redeemed
   
(173,889
)
   
(899,296
)
   
(16,869,078
)
   
(5,271,538
)
Increase (Decrease) in Net Assets from Capital Share Transactions
   
(173,768
)
   
6,368,497
     
70,758,323
     
172,167,937
 
Total Increase (Decrease) in Net Assets
   
(1,928,075
)
   
4,555,204
     
(109,175,191
)
   
303,560,578
 
Net Assets:
                               
Beginning of Year/Period
   
4,555,204
     
     
930,431,472
     
626,870,894
 
End of Year/Period
 
$
2,627,129
   
$
4,555,204
   
$
821,256,281
   
$
930,431,472
 
Share Transactions:
                               
Issued
   
     
450,000
     
7,090,000
     
12,830,000
 
Redeemed
   
(20,000
)
   
(70,000
)
   
(1,550,000
)
   
(400,000
)
Net Increase (Decrease) in Shares Outstanding from Share Transactions
   
(20,000
)
   
380,000
     
5,540,000
     
12,430,000
 


(1)
The Fund commenced operations on November 9, 2020.
(2)
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.
330


 
Statements of Changes in Net Assets
 
     


   
Global X SuperDividend® U.S. ETF
   
Global X MSCI SuperDividend® EAFE ETF
 
   
Period Ended April 30, 2022
(Unaudited)
   
Year Ended October 31, 2021
   
Period Ended April 30, 2022
(Unaudited)
   
Year Ended October 31, 2021
 
Operations:
                       
Net Investment Income
 
$
13,270,952
   
$
21,001,659
   
$
288,157
   
$
600,163
 
Net Realized Gain on Investments, Foreign Currency Transactions (1)
   
55,177,268
     
53,431,904
     
193,231
     
1,264,371
 
Net Change in Unrealized Appreciation (Depreciation) on Investments, Foreign Currency Translations
   
(45,652,620
)
   
114,820,912
     
(612,147
)
   
1,338,122
 
Net Increase (Decrease) in Net Assets Resulting from Operations
   
22,795,600
     
189,254,475
     
(130,759
)
   
3,202,656
 
Distributions
   
(19,420,243
)
   
(31,364,614
)
   
(388,520
)
   
(542,165
)
Return of Capital
   
     
(3,660,741
)
   
     
 
Capital Share Transactions:
                               
Issued
   
61,711,706
     
143,549,897
     
     
4,890,027
 
Redeemed
   
(39,716,342
)
   
(40,154,269
)
   
(2,344,405
)
   
(928,933
)
Increase (Decrease) in Net Assets from Capital Share Transactions
   
21,995,364
     
103,395,628
     
(2,344,405
)
   
3,961,094
 
Total Increase (Decrease) in Net Assets
   
25,370,721
     
257,624,748
     
(2,863,684
)
   
6,621,585
 
Net Assets:
                               
Beginning of Year/Period
   
669,734,316
     
412,109,568
     
14,057,701
     
7,436,116
 
End of Year/Period
 
$
695,105,037
   
$
669,734,316
   
$
11,194,017
   
$
14,057,701
 
Share Transactions:
                               
Issued
   
2,970,000
     
7,860,000
     
     
310,000
 
Redeemed
   
(1,930,000
)
   
(2,090,000
)
   
(150,000
)
   
(60,000
)
Net Increase (Decrease) in Shares Outstanding from Share Transactions
   
1,040,000
     
5,770,000
     
(150,000
)
   
250,000
 


(1)
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.
331


 
Statements of Changes in Net Assets
 
     


   
Global X MSCI SuperDividend® Emerging Markets ETF
   
Global X SuperDividend® REIT ETF
 
   
Period Ended April 30, 2022
(Unaudited)
   
Year Ended October 31, 2021
   
Period Ended April 30, 2022
(Unaudited)
   
Year Ended October 31, 2021
 
Operations:
                       
Net Investment Income
 
$
1,755,890
   
$
3,890,630
   
$
7,785,820
   
$
17,999,548
 
Net Realized Gain (Loss) on Investments, Foreign Currency Transactions (1)
   
(7,959,196
)
   
1,547,026
     
12,042,610
     
(7,237,478
)
Net Change in Unrealized Appreciation (Depreciation) on Investments, Foreign Currency Translations
   
(2,405,178
)
   
(1,736,940
)
   
(55,267,900
)
   
115,855,547
 
Net Increase (Decrease) in Net Assets Resulting from Operations
   
(8,608,484
)
   
3,700,716
     
(35,439,470
)
   
126,617,617
 
Distributions
   
(3,757,565
)
   
(2,831,439
)
   
(13,495,500
)
   
(19,492,525
)
Return of Capital
   
     
     
     
(9,729,725
)
Capital Share Transactions:
                               
Issued
   
22,800,744
     
41,819,662
     
1,674
     
112,985,429
 
Redeemed
   
     
     
(53,482,136
)
   
(54,071,703
)
Increase (Decrease) in Net Assets from Capital Share Transactions
   
22,800,744
     
41,819,662
     
(53,480,462
)
   
58,913,726
 
Total Increase (Decrease) in Net Assets
   
10,434,695
     
42,688,939
     
(102,415,432
)
   
156,309,093
 
Net Assets:
                               
Beginning of Year/Period
   
62,696,164
     
20,007,225
     
467,934,268
     
311,625,175
 
End of Year/Period
 
$
73,130,859
   
$
62,696,164
   
$
365,518,836
   
$
467,934,268
 
Share Transactions:
                               
Issued
   
2,100,000
     
3,470,000
     
     
11,980,000
 
Redeemed
   
     
     
(5,810,000
)
   
(5,540,000
)
Net Increase (Decrease) in Shares Outstanding from Share Transactions
   
2,100,000
     
3,470,000
     
(5,810,000
)
   
6,440,000
 


(1)
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.
332


 
Statements of Changes in Net Assets
 
     


   
Global X NASDAQ 100® Covered Call ETF
   
Global X S&P 500® Covered Call ETF
 
   
Period Ended April 30, 2022
(Unaudited)
   
Year Ended October 31, 2021
   
Period Ended April 30, 2022
(Unaudited)
   
Year Ended October 31, 2021
 
Operations:
                       
Net Investment Income
 
$
3,853,605
   
$
3,013,239
   
$
4,202,984
   
$
2,258,752
 
Net Realized Gain (Loss) on Investments, Purchased Options, Written Options (1)
   
421,313,831
     
(230,364,474
)
   
62,339,643
     
(3,328,421
)
Net Change in Unrealized Appreciation (Depreciation) on Investments, Written Options
   
(1,027,303,734
)
   
735,524,124
     
(107,011,392
)
   
65,289,214
 
Net Increase (Decrease) in Net Assets Resulting from Operations
   
(602,136,298
)
   
508,172,889
     
(40,468,765
)
   
64,219,545
 
Distributions
   
(447,342,014
)
   
(320,053,733
)
   
(61,184,621
)
   
(26,627,258
)
Capital Share Transactions:
                               
Issued
   
2,967,755,811
     
3,548,421,512
     
969,296,022
     
535,288,406
 
Redeemed
   
(58,681,307
)
   
(25,968,248
)
   
(7,399,942
)
   
(7,017,545
)
Increase in Net Assets from Capital Share Transactions
   
2,909,074,504
     
3,522,453,264
     
961,896,080
     
528,270,861
 
Total Increase in Net Assets
   
1,859,596,192
     
3,710,572,420
     
860,242,694
     
565,863,148
 
Net Assets:
                               
Beginning of Year/Period
   
5,036,214,747
     
1,325,642,327
     
669,854,868
     
103,991,720
 
End of Year/Period
 
$
6,895,810,939
   
$
5,036,214,747
   
$
1,530,097,562
   
$
669,854,868
 
Share Transactions:
                               
Issued
   
139,670,000
     
157,690,000
     
19,720,000
     
11,000,000
 
Redeemed
   
(2,820,000
)
   
(1,160,000
)
   
(150,000
)
   
(150,000
)
Net Increase in Shares Outstanding from Share Transactions
   
136,850,000
     
156,530,000
     
19,570,000
     
10,850,000
 


(1)
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.
333


 
Statements of Changes in Net Assets
 
     


   
Global X Russell 2000 Covered Call ETF
   
Global X Dow 30® Covered Call ETF
 
   
Period Ended April 30, 2022
(Unaudited)
   
Year Ended October 31, 2021
   
Period Ended April 30, 2022(1) (Unaudited)
 
Operations:
                 
Net Investment Income
 
$
3,493,015
   
$
931,659
   
$
7,644
 
Net Realized Gain (Loss) on Investments, Purchased Options (2)
   
(13,326,161
)
   
5,915,793
     
111,505
 
Net Change in Unrealized Appreciation (Depreciation) on Investments, Written Options
   
(59,980,675
)
   
26,525,513
     
(286,079
)
Net Increase (Decrease) in Net Assets Resulting from Operations
   
(69,813,821
)
   
33,372,965
     
(166,930
)
Distributions
   
(59,743,084
)
   
(21,788,088
)
   
(97,564
)
Capital Share Transactions:
                       
Issued
   
856,419,599
     
521,879,514
     
11,945,122
 
Redeemed
   
     
(493,345
)
   
 
Increase in Net Assets from Capital Share Transactions
   
856,419,599
     
521,386,169
     
11,945,122
 
Total Increase in Net Assets
   
726,862,694
     
532,971,046
     
11,680,628
 
Net Assets:
                       
Beginning of Year/Period
   
554,445,800
     
21,474,754
     
 
End of Year/Period
 
$
1,281,308,494
   
$
554,445,800
   
$
11,680,628
 
Share Transactions:
                       
Issued
   
35,940,000
     
20,990,000
     
480,000
 
Redeemed
   
     
(20,000
)
   
 
Net Increase in Shares Outstanding from Share Transactions
   
35,940,000
     
20,970,000
     
480,000
 


(1)
The Fund commenced operations on February 23, 2022.
(2)
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.
334


 
Statements of Changes in Net Assets
 
     



   
Global X Nasdaq 100® Covered Call & Growth ETF
   
Global X S&P 500® Covered Call & Growth ETF
 
   
Period Ended April 30, 2022
(Unaudited)
   
Year Ended October 31, 2021
   
Period Ended April 30, 2022
(Unaudited)
   
Year Ended October 31, 2021
 
Operations:
                       
Net Investment Income
 
$
29,911
   
$
9,199
   
$
160,167
   
$
62,067
 
Net Realized Gain (Loss) on Investments, Purchased Options, Written Options (1)
   
4,147,231
     
(254,466
)
   
2,125,600
     
553,356
 
Net Change in Unrealized Appreciation (Depreciation) on Investments, Written Options
   
(13,437,747
)
   
4,363,334
     
(4,400,736
)
   
1,561,682
 
Net Increase (Decrease) in Net Assets Resulting from Operations
   
(9,260,605
)
   
4,118,067
     
(2,114,969
)
   
2,177,105
 
Distributions
   
(4,192,837
)
   
(919,727
)
   
(2,206,160
)
   
(376,497
)
Capital Share Transactions:
                               
Issued
   
42,351,692
     
37,707,138
     
12,237,486
     
33,611,221
 
Redeemed
   
(13,425,312
)
   
(2,801,664
)
   
(7,604,699
)
   
(4,097,596
)
Increase in Net Assets from Capital Share Transactions
   
28,926,380
     
34,905,474
     
4,632,787
     
29,513,625
 
Total Increase in Net Assets
   
15,472,938
     
38,103,814
     
311,658
     
31,314,233
 
Net Assets:
                               
Beginning of Year/Period
   
44,671,370
     
6,567,556
     
35,018,124
     
3,703,891
 
End of Year/Period
 
$
60,144,308
   
$
44,671,370
   
$
35,329,782
   
$
35,018,124
 
Share Transactions:
                               
Issued
   
1,370,000
     
1,200,000
     
400,000
     
1,100,000
 
Redeemed
   
(440,000
)
   
(100,000
)
   
(250,000
)
   
(150,000
)
Net Increase in Shares Outstanding from Share Transactions
   
930,000
     
1,100,000
     
150,000
     
950,000
 


(1)
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.
335


 
Statements of Changes in Net Assets
 
     


   
Global X SuperIncome™ Preferred ETF
   
Global X Renewable Energy Producers ETF
 
   
Period Ended April 30, 2022
(Unaudited)
   
Year Ended October 31, 2021
   
Period Ended April 30, 2022
(Unaudited)
   
Year Ended October 31, 2021
 
Operations:
                       
Net Investment Income
 
$
5,927,504
   
$
10,851,739
   
$
724,271
   
$
1,617,480
 
Net Realized Gain (Loss) on Investments, Foreign Currency Transactions (1)
   
(2,465,794
)
   
7,442,457
     
2,322,287
     
7,157,351
 
Net Change in Unrealized Appreciation (Depreciation) on Investments, Foreign Currency Translations
   
(20,345,810
)
   
7,403,025
     
(18,888,650
)
   
(677,351
)
Net Increase (Decrease) in Net Assets Resulting from Operations
   
(16,884,100
)
   
25,697,221
     
(15,842,092
)
   
8,097,480
 
Distributions
   
(6,619,540
)
   
(12,037,890
)
   
(594,522
)
   
(1,854,987
)
Capital Share Transactions:
                               
Issued
   
5,986,562
     
44,774,820
     
25,035,260
     
127,915,612
 
Redeemed
   
(12,333,243
)
   
(7,496,771
)
   
(35,926,360
)
   
(53,373,821
)
Increase (Decrease) in Net Assets from Capital Share Transactions
   
(6,346,681
)
   
37,278,049
     
(10,891,100
)
   
74,541,791
 
Total Increase (Decrease) in Net Assets
   
(29,850,321
)
   
50,937,380
     
(27,327,714
)
   
80,784,284
 
Net Assets:
                               
Beginning of Year/Period
   
234,952,724
     
184,015,344
     
146,976,294
     
66,192,010
 
End of Year/Period
 
$
205,102,403
   
$
234,952,724
   
$
119,648,580
   
$
146,976,294
 
Share Transactions:
                               
Issued
   
520,000
     
3,760,000
     
1,640,000
     
7,360,000
 
Redeemed
   
(1,090,000
)
   
(630,000
)
   
(2,390,000
)
   
(3,070,000
)
Net Increase (Decrease) in Shares Outstanding from Share Transactions
   
(570,000
)
   
3,130,000
     
(750,000
)
   
4,290,000
 


(1)
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.
336


 
Statements of Changes in Net Assets
 
     


   
Global X S&P 500® Catholic Values ETF
   
Global X S&P Catholic Values Developed ex-U.S. ETF
 
   
Period Ended April 30, 2022
(Unaudited)
   
Year Ended October 31, 2021
   
Period Ended April 30, 2022
(Unaudited)
   
Year Ended October 31, 2021
 
Operations:
                       
Net Investment Income
 
$
3,378,473
   
$
5,643,588
   
$
62,418
   
$
71,854
 
Net Realized Gain (Loss) on Investments, Foreign Currency Transactions (1)
   
3,988,561
     
39,989,880
     
(42,745
)
   
59,259
 
Net Change in Unrealized Appreciation (Depreciation) on Investments, Foreign Currency Translations
   
(80,383,792
)
   
128,170,186
     
(885,765
)
   
723,798
 
Net Increase (Decrease) in Net Assets Resulting from Operations
   
(73,016,758
)
   
173,803,654
     
(866,092
)
   
854,911
 
Distributions
   
(4,252,512
)
   
(5,511,704
)
   
(115,453
)
   
(59,322
)
Capital Share Transactions:
                               
Issued
   
97,010,085
     
127,314,441
     
2,975,220
     
970,818
 
Redeemed
   
(19,980,456
)
   
(80,673,768
)
   
     
 
Increase in Net Assets from Capital Share Transactions
   
77,029,629
     
46,640,673
     
2,975,220
     
970,818
 
Total Increase (Decrease) in Net Assets
   
(239,641
)
   
214,932,623
     
1,993,675
     
1,766,407
 
Net Assets:
                               
Beginning of Year/Period
   
593,985,352
     
379,052,729
     
4,264,016
     
2,497,609
 
End of Year/Period
 
$
593,745,711
   
$
593,985,352
   
$
6,257,691
   
$
4,264,016
 
Share Transactions:
                               
Issued
   
1,730,000
     
2,520,000
     
100,000
     
30,000
 
Redeemed
   
(370,000
)
   
(1,540,000
)
   
     
 
Net Increase in Shares Outstanding from Share Transactions
   
1,360,000
     
980,000
     
100,000
     
30,000
 


(1)
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.
337


 
Statements of Changes in Net Assets
 
     


   
Global X Guru® Index ETF
   
Global X S&P 500® Tail Risk ETF
 
   
Period Ended April 30, 2022
(Unaudited)
   
Year Ended October 31, 2021
   
Period Ended April 30, 2022
(Unaudited)
   
Period Ended October 31, 2021(1)
 
Operations:
                       
Net Investment Income
 
$
6,165
   
$
1,047,788
   
$
13,947
   
$
3,080
 
Net Realized Gain (Loss) on Investments (2)
   
(2,998,612
)
   
16,693,239
     
(98,389
)
   
(2,887
)
Net Change in Unrealized Appreciation (Depreciation) on Investments, Purchased Options
   
(16,470,608
)
   
3,201,689
     
(290,720
)
   
77,810
 
Net Increase (Decrease) in Net Assets Resulting from Operations
   
(19,463,055
)
   
20,942,716
     
(375,162
)
   
78,003
 
Distributions
   
(62,821
)
   
(1,352,859
)
   
(83,778
)
   
 
Capital Share Transactions:
                               
Issued
   
2,097,530
     
22,506,630
     
     
3,526,120
 
Redeemed
   
(4,704,810
)
   
(22,201,951
)
   
     
 
Increase (Decrease) in Net Assets from Capital Share Transactions
   
(2,607,280
)
   
304,679
     
     
3,526,120
 
Total Increase (Decrease) in Net Assets
   
(22,133,156
)
   
19,894,536
     
(458,940
)
   
3,604,123
 
Net Assets:
                               
Beginning of Year/Period
   
75,856,035
     
55,961,499
     
3,604,123
     
 
End of Year/Period
 
$
53,722,879
   
$
75,856,035
   
$
3,145,183
   
$
3,604,123
 
Share Transactions:
                               
Issued
   
50,000
     
480,000
     
     
130,000
 
Redeemed
   
(110,000
)
   
(470,000
)
   
     
 
Net Increase (Decrease) in Shares Outstanding from Share Transactions
   
(60,000
)
   
10,000
     
     
130,000
 


(1)
The Fund commenced operations on August 25, 2021.
(2)
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.
338


 
Statements of Changes in Net Assets
 
     


   
Global X S&P 500® Risk Managed Income ETF
   
Global X S&P 500® Collar 95-110 ETF
 
   
Period Ended April 30, 2022
(Unaudited)
   
Period Ended October 31, 2021(1)
   
Period Ended April 30, 2022
(Unaudited)
   
Period Ended October 31, 2021(1)
 
Operations:
                       
Net Investment Income
 
$
66,117
   
$
3,407
   
$
14,323
   
$
2,996
 
Net Realized Gain (Loss) on Investments, Purchased Options, Written Options (2)
   
216,426
     
34,336
     
(140,806
)
   
(115
)
Net Change in Unrealized Appreciation (Depreciation) on Investments, Purchased Options, Written Options
   
(1,178,096
)
   
50,360
     
(247,423
)
   
48,394
 
Net Increase (Decrease) in Net Assets Resulting from Operations
   
(895,553
)
   
88,103
     
(373,906
)
   
51,275
 
Distributions
   
(904,174
)
   
(51,640
)
   
(56,494
)
   
 
Capital Share Transactions:
                               
Issued
   
18,292,970
     
5,865,129
     
1,041,734
     
3,257,141
 
Increase in Net Assets from Capital Share Transactions
   
18,292,970
     
5,865,129
     
1,041,734
     
3,257,141
 
Total Increase in Net Assets
   
16,493,243
     
5,901,592
     
611,334
     
3,308,416
 
Net Assets:
                               
Beginning of Year/Period
   
5,901,592
     
     
3,308,416
     
 
End of Year/Period
 
$
22,394,835
   
$
5,901,592
   
$
3,919,750
   
$
3,308,416
 
Share Transactions:
                               
Issued
   
700,000
     
220,000
     
40,000
     
120,000
 
Net Increase in Shares Outstanding from Share Transactions
   
700,000
     
220,000
     
40,000
     
120,000
 


(1)
The Fund commenced operations on August 25, 2021.
(2)
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.
339


 
Statements of Changes in Net Assets
 
     


   
Global X NASDAQ 100® Tail Risk ETF
   
Global X NASDAQ 100® Risk Managed Income ETF
 
   
Period Ended April 30, 2022
(Unaudited)
   
Period Ended October 31, 2021(1)
   
Period Ended April 30, 2022
(Unaudited)
   
Period Ended October 31, 2021(1)
 
Operations:
                       
Net Investment Income (Loss)
 
$
2,490
   
$
(625
)
 
$
5,388
   
$
(941
)
Net Realized Gain (Loss) on Investments, Purchased Options, Written Options (2)
   
(157,276
)
   
(1,786
)
   
561,488
     
897
 
Net Change in Unrealized Appreciation (Depreciation) on Investments, Purchased Options, Written Options
   
(469,457
)
   
65,741
     
(2,062,709
)
   
(6,346
)
Net Increase (Decrease) in Net Assets Resulting from Operations
   
(624,243
)
   
63,330
     
(1,495,833
)
   
(6,390
)
Distributions
   
(63,758
)
   
     
(492,925
)
   
 
Return of Capital
   
     
     
     
(52,273
)
Capital Share Transactions:
                               
Issued
   
1,394,297
     
3,262,936
     
12,717,491
     
4,400,103
 
Redeemed
   
(1,966,628
)
   
     
(2,585,344
)
   
 
Increase (Decrease) in Net Assets from Capital Share Transactions
   
(572,331
)
   
3,262,936
     
10,132,147
     
4,400,103
 
Total Increase (Decrease) in Net Assets
   
(1,260,332
)
   
3,326,266
     
8,143,389
     
4,341,440
 
Net Assets:
                               
Beginning of Year/Period
   
3,326,266
     
     
4,341,440
     
 
End of Year/Period
 
$
2,065,934
   
$
3,326,266
   
$
12,484,829
   
$
4,341,440
 
Share Transactions:
                               
Issued
   
60,000
     
130,000
     
540,000
     
180,000
 
Redeemed
   
(90,000
)
   
     
(120,000
)
   
 
Net Increase (Decrease) in Shares Outstanding from Share Transactions
   
(30,000
)
   
130,000
     
420,000
     
180,000
 


(1)
The Fund commenced operations on August 25, 2021.
(2)
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.
340


 
Statements of Changes in Net Assets
 
     


   
Global X NASDAQ 100® Collar 95-110 ETF
 
   
Period Ended April 30, 2022
(Unaudited)
   
Period Ended October 31, 2021(1)
 
Operations:
           
Net Investment Income (Loss)
 
$
1,398
   
$
(560
)
Net Realized Gain on Investments, Purchased Options, Written Options(2)
   
80,081
     
14,840
 
Net Change in Unrealized Appreciation (Depreciation) on Investments, Purchased Options, Written Options
   
(561,212
)
   
39,901
 
Net Increase (Decrease) in Net Assets Resulting from Operations
   
(479,733
)
   
54,181
 
Distributions
   
(54,384
)
   
 
Capital Share Transactions:
               
Issued
   
1,741,890
     
2,782,080
 
Increase in Net Assets from Capital Share Transactions
   
1,741,890
     
2,782,080
 
Total Increase in Net Assets
   
1,207,773
     
2,836,261
 
Net Assets:
               
Beginning of Year/Period
   
2,836,261
     
 
End of Year/Period
 
$
4,044,034
   
$
2,836,261
 
Share Transactions:
               
Issued
   
70,000
     
110,000
 
Net Increase in Shares Outstanding from Share Transactions
   
70,000
     
110,000
 


(1)
The Fund commenced operations on August 25, 2021.
(2)
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.
341













This Page is Intentionally Blank














The accompanying notes are an integral part of the financial statements.
342


 
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 ($)
 
Global X Social Media ETF
                                   
2022 (Unaudited)
   
61.26
     
0.07
     
(22.97
)
   
(22.90
)
   
     
 
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
     
     
 
2018
   
32.67
     
(0.06
)
   
(3.02
)
   
(3.08
)
   
(0.49
)
   
 
2017
   
23.53
     
0.10
     
9.08
     
9.18
     
(0.04
)
   
 
Global X Lithium & Battery Tech ETF
                                               
2022 (Unaudited)
   
91.07
     
0.02
     
(24.49
)
   
(24.47
)
   
(0.15
)
   
 
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
)
   
 
2018
   
39.14
     
0.33
     
(7.89
)
   
(7.56
)
   
(1.26
)
   
 
2017
   
24.02
     
0.33
     
15.31
     
15.64
     
(0.52
)
   
 
Global X Disruptive Materials ETF
                                               
2022(1) (Unaudited)
   
23.75
     
0.28
     
(1.41
)
   
(1.13
)
   
     
 






The accompanying notes are an integral part of the financial statements.
343


 
Financial Highlights
 
     





Return of Capital ($)
   
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 (%)††
 
                                             
 
     
     
38.36
     
(37.38
)
   
217,092
     
0.65
   
0.27
   
7.77
 
 
     
     
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
 
 
     
(0.49
)
   
29.10
     
(9.61
)
   
129,496
     
0.65
     
(0.16
)
   
21.36
 
 
     
(0.04
)
   
32.67
     
39.09
     
164,998
     
0.65
     
0.35
     
41.40
 
                                                             
 
     
(0.15
)
   
66.45
     
(26.91
)
   
4,257,465
     
0.75
   
0.05
   
4.08
 
 
     
(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
 
 
     
(1.26
)
   
30.32
     
(20.01
)
   
739,153
     
0.75
     
0.96
     
16.48
 
 
     
(0.52
)
   
39.14
     
66.46
     
950,071
     
0.75
     
1.02
     
68.13
 
                                                             
 
     
     
22.62
     
(4.76
)
   
4,977
     
0.59
   
4.26
   
7.68
 


*
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 January 24, 2022.


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





The accompanying notes are an integral part of the financial statements.
344


 
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 ($)
 
Global X E-commerce ETF
                                   
2022 (Unaudited)
   
31.19
     
0.06
     
(11.57
)
   
(11.51
)
   
(0.06
)
   
(0.10
)
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 Emerging Markets Internet & E-commerce ETF
                                               
2022 (Unaudited)
   
11.99
     
0.01
     
(4.70
)
   
(4.69
)
   
     
 
2021(2)
   
14.79
     
(0.07
)
   
(2.73
)
   
(2.80
)
   
     
 
Global X SuperDividend® ETF
                                               
2022 (Unaudited)
   
13.01
     
0.30
     
(2.03
)
   
(1.73
)
   
(0.62
)
   
 
2021
   
10.61
     
0.94
     
2.46
     
3.40
     
(1.00
)
   
 
2020
   
17.25
     
0.86
     
(6.34
)
   
(5.48
)
   
(1.04
)
   
 
2019
   
19.06
     
1.24
     
(1.47
)
   
(0.23
)
   
(1.38
)
   
 
2018
   
21.51
     
1.35
     
(2.26
)
   
(0.91
)
   
(1.43
)
   
 
2017
   
20.43
     
1.08
     
1.45
     
2.53
     
(1.22
)
   
 
Global X SuperDividend® U.S. ETF
                                               
2022 (Unaudited)
   
20.13
     
0.39
     
0.32
     
0.71
     
(0.58
)
   
 
2021
   
14.99
     
0.65
     
5.59
     
6.24
     
(0.99
)
   
 
2020
   
23.34
     
0.62
     
(7.45
)
   
(6.83
)
   
(1.14
)
   
 
2019
   
24.53
     
1.12
     
(0.56
)
   
0.56
     
(1.49
)
   
 
2018
   
25.18
     
1.07
     
(0.17
)
   
0.90
     
(1.35
)
   
 
2017
   
24.00
     
0.79
     
1.94
     
2.73
     
(0.96
)
   
 






The accompanying notes are an integral part of the financial statements.
345


 
Financial Highlights
 
     





Return of Capital ($)
   
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 (%)††
 
                                             
 
     
(0.16
)
   
19.52
     
(37.06
)
   
81,791
     
0.50
   
0.45
   
12.14
 
 
     
(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
 
                                                             
 
     
     
7.30
     
(39.12
)
   
2,627
     
0.65
   
0.25
   
11.45
 
 
     
     
11.99
     
(18.93
)
   
4,555
     
0.65
   
(0.49
)†
   
23.61
 
                                                             
 
     
(0.62
)
   
10.66
     
(13.72
)
   
821,256
     
0.58
   
5.09
   
56.14
 
 
     
(1.00
)
   
13.01
     
32.21
     
930,431
     
0.58
     
6.98
     
82.37
 
 
(0.12
)
   
(1.16
)
   
10.61
     
(32.80
)
   
626,871
     
0.59
     
6.62
     
124.55
 
 
(0.20
)
   
(1.58
)
   
17.25
     
(1.02
)
   
932,111
     
0.59
     
7.03
     
56.85
 
 
(0.11
)
   
(1.54
)
   
19.06
     
(4.65
)
   
912,968
     
0.59
     
6.48
     
59.48
 
 
(0.23
)
   
(1.45
)
   
21.51
     
12.69
     
992,893
     
0.58
     
5.07
     
67.38
 
                                                             
 
     
(0.58
)
   
20.26
     
3.50
     
695,105
     
0.45
   
3.84
   
33.15
 
 
(0.11
)
   
(1.10
)
   
20.13
     
42.53
     
669,734
     
0.45
     
3.41
     
60.53
 
 
(0.38
)
   
(1.52
)
   
14.99
     
(30.12
)
   
412,110
     
0.45
     
3.50
     
93.44
 
 
(0.26
)
   
(1.75
)
   
23.34
     
2.61
     
544,884
     
0.46
     
4.83
     
60.00
 
 
(0.20
)
   
(1.55
)
   
24.53
     
3.66
     
413,311
     
0.46
     
4.31
     
33.25
 
 
(0.59
)
   
(1.55
)
   
25.18
     
11.64
     
425,579
     
0.45
     
3.15
     
53.01
 


*
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 Fund commenced operations on November 9, 2020.







The accompanying notes are an integral part of the financial statements.
346


 
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 ($)
 
Global X MSCI SuperDividend® EAFE ETF
                                   
2022 (Unaudited)
   
15.62
     
0.36
     
(0.58
)
   
(0.22
)
   
(0.47
)
   
 
2021
   
11.44
     
0.79
     
4.10
     
4.89
     
(0.71
)
   
 
2020
   
16.11
     
0.56
     
(4.53
)
   
(3.97
)
   
(0.55
)
   
 
2019
   
15.96
     
0.82
     
0.36
     
1.18
     
(1.03
)
   
 
2018
   
18.13
     
1.12
     
(2.04
)
   
(0.92
)
   
(1.10
)
   
(0.15
)
2017(1)
   
14.87
     
0.81
     
3.04
     
3.85
     
(0.59
)
   
 
Global X MSCI SuperDividend® Emerging Markets ETF
                                               
2022 (Unaudited)
   
11.26
     
0.25
     
(1.42
)
   
(1.17
)
   
(0.56
)
   
 
2021
   
9.53
     
1.02
     
1.45
     
2.47
     
(0.74
)
   
 
2020
   
12.95
     
0.55
     
(3.17
)
   
(2.62
)
   
(0.66
)
   
 
2019
   
12.91
     
0.87
     
0.05
     
0.92
     
(0.88
)
   
 
2018
   
15.94
     
0.90
     
(3.02
)
   
(2.12
)
   
(0.91
)
   
 
2017
   
14.96
     
0.83
     
0.91
     
1.74
     
(0.76
)
   
 
Global X SuperDividend® REIT ETF
                                               
2022 (Unaudited)
   
9.82
     
0.17
     
(0.95
)
   
(0.78
)
   
(0.30
)
   
 
2021
   
7.56
     
0.38
     
2.50
     
2.88
     
(0.41
)
   
 
2020
   
15.33
     
0.56
     
(7.41
)
   
(6.85
)
   
(0.86
)
   
 
2019
   
14.62
     
0.99
     
0.91
     
1.90
     
(1.19
)
   
 
2018
   
15.29
     
0.92
     
(0.28
)
   
0.64
     
(1.31
)
   
 
2017
   
14.60
     
0.86
     
0.96
     
1.82
     
(1.13
)
   
 






The accompanying notes are an integral part of the financial statements.
347


 
Financial Highlights
 
     





Return of Capital ($)
   
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 (%)††
 
                                             
 
     
(0.47
)
   
14.93
     
(1.50
)
   
11,194
     
0.55
   
4.67
   
11.24
 
 
     
(0.71
)
   
15.62
     
43.05
     
14,058
     
0.55
     
5.12
     
88.53
 
 
(0.15
)
   
(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
 
 
     
(1.25
)
   
15.96
     
(5.59
)
   
4,788
     
0.56
     
6.36
     
52.96
 
 
     
(0.59
)
   
18.13
     
26.19
     
1,813
     
0.56
   
4.97
   
45.40
 
                                                             
 
     
(0.56
)
   
9.53
     
(10.89
)
   
73,131
     
0.66
   
4.78
   
26.05
 
 
     
(0.74
)
   
11.26
     
25.83
     
62,696
     
0.72
     
8.59
     
102.27
 
 
(0.14
)
   
(0.80
)
   
9.53
     
(21.01
)
   
20,007
     
0.67
     
5.04
     
93.04
 
 
     
(0.88
)
   
12.95
     
7.14
     
17,489
     
0.66
     
6.51
     
66.65
 
 
     
(0.91
)
   
12.91
     
(14.10
)
   
12,260
     
0.67
     
5.89
     
79.52
 
 
     
(0.76
)
   
15.94
     
11.95
     
12,748
     
0.66
     
5.25
     
122.32
 
                                                             
 
     
(0.30
)
   
8.74
     
(8.07
)
   
365,519
     
0.58
   
3.82
   
70.16
 
 
(0.21
)
   
(0.62
)
   
9.82
     
38.84
     
467,934
     
0.58
     
3.99
     
59.44
 
 
(0.06
)
   
(0.92
)
   
7.56
     
(45.94
)
   
311,625
     
0.58
     
5.74
     
106.23
 
 
     
(1.19
)
   
15.33
     
13.68
     
364,790
     
0.59
     
6.71
     
34.16
 
 
     
(1.31
)
   
14.62
     
4.30
     
118,408
     
0.59
     
6.15
     
41.61
 
 
     
(1.13
)
   
15.29
     
13.00
     
51,986
     
0.58
     
5.74
     
54.96
 
                                                             




*
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)
The Fund commenced operations on November 14, 2016.







The accompanying notes are an integral part of the financial statements.
348


 
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 ($)
 
Global X NASDAQ 100® Covered Call ETF(1)
                                   
2022 (Unaudited)
   
22.82
     
0.01
     
(2.31
)
   
(2.30
)
   
(0.74
)
   
(0.50
)
2021
   
20.65
     
0.02
     
4.73
     
4.75
     
(2.58
)
   
 
2020
   
23.10
     
0.06
     
(0.06
)
   
     
(0.06
)
   
 
2019
   
23.45
     
0.06
     
1.95
     
2.01
     
(1.83
)
   
 
2018
   
24.30
     
0.07
     
1.71
     
1.78
     
(0.87
)
   
(0.11
)
2017
   
22.06
     
0.12
     
3.93
     
4.05
     
(1.81
)
   
 
Global X S&P 500® Covered Call ETF(1)
                                               
2022 (Unaudited)
   
50.37
     
0.20
     
(1.24
)
   
(1.04
)
   
(2.67
)
   
(0.11
)
2021
   
42.45
     
0.39
     
12.14
     
12.53
     
(4.61
)
   
 
2020
   
49.39
     
0.56
     
(4.17
)
   
(3.61
)
   
(0.58
)
   
 
2019
   
48.56
     
0.56
     
3.30
     
3.86
     
(2.27
)
   
(0.39
)
2018
   
50.10
     
0.62
     
1.88
     
2.50
     
(0.22
)
   
(1.22
)
2017(5)
   
47.62
     
0.34
     
2.67
     
3.01
     
(0.53
)
   
 
2017(6)
   
43.11
     
0.66
     
5.39
     
6.05
     
(1.54
)
   
 






The accompanying notes are an integral part of the financial statements.
349


 
Financial Highlights
 
     





Return of Capital ($)
   
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 (%)††
 
                                             
 
     
(1.24
)
   
19.28
     
(9.18
)
   
6,895,811
     
0.60
   
0.13
   
14.27
 
 
     
(2.58
)
   
22.82
     
23.89
     
5,036,215
     
0.60
     
0.11
     
19.99
 
 
(2.39
)
   
(2.45
)
   
20.65
     
0.21
     
1,325,642
     
0.67
(2) 
   
0.27
     
27.87
 
 
(0.53
)
   
(2.36
)
   
23.10
     
9.39
     
768,036
     
0.85
(2) 
   
0.26
     
11.82
 
 
(1.65
)
   
(2.63
)
   
23.45
     
7.44
     
395,202
     
0.68
(3) 
   
0.30
     
15.00
 
 
     
(1.81
)
   
24.30
     
19.04
     
157,980
     
0.60
     
0.53
     
4.00
 
                                                             
 
     
(2.78
)
   
46.55
     
(2.19
)
   
1,530,098
     
0.60
   
0.82
   
4.04
 
 
     
(4.61
)
   
50.37
     
30.67
     
669,855
     
0.60
     
0.80
     
4.84
 
 
(2.75
)
   
(3.33
)
   
42.45
     
(7.42
)
   
103,992
     
0.71
(4) 
   
1.22
     
7.29
 
 
(0.37
)
   
(3.03
)
   
49.39
     
8.40
     
133,353
     
0.87
(4) 
   
1.16
     
3.92
 
 
(2.60
)
   
(4.04
)
   
48.56
     
4.97
     
77,701
     
0.65
     
1.22
     
4.00
 
 
     
(0.53
)
   
50.10
     
6.35
     
62,628
     
0.65
   
1.39
   
8.00
 
 
     
(1.54
)
   
47.62
     
14.29
     
64,413
     
0.65
     
1.46
     
21.00
 



*
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 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 0.60% 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.
(3)
Includes excise tax. If this excise expense was not included, the ratio would have been 0.60%.
(4)
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.
(5)
Effective October 31, 2017, the Predecessor Fund changed its fiscal year end from April 30 to October 31. The information presented is from May 1, 2017 through October 31, 2017.
(6)
For the year or period ended April 30.


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






The accompanying notes are an integral part of the financial statements.
350


 
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 ($)
 
Global X Russell 2000 Covered Call ETF
                                   
2022 (Unaudited)
   
25.18
     
0.09
     
(1.67
)
   
(1.58
)
   
(1.18
)
   
(0.31
)
2021
   
20.45
     
0.13
     
7.50
     
7.63
     
(2.90
)
   
 
2020
   
25.24
     
0.12
     
(2.51
)
   
(2.39
)
   
(0.11
)
   
(0.17
)
2019(2)
   
25.00
     
0.09
     
1.37
     
1.46
     
(1.22
)
   
 
Global X Dow 30® Covered Call ETF
                                               
2022(3) (Unaudited)
   
24.13
     
0.03
     
0.59
     
0.62
     
(0.42
)
   
 
Global X Nasdaq 100® Covered Call & Growth ETF
                                               
2022 (Unaudited)
   
33.09
     
0.02
     
(4.39
)
   
(4.37
)
   
(0.74
)
   
(1.60
)
2021
   
26.27
     
0.02
     
8.56
     
8.58
     
(1.76
)
   
 
2020(4)
   
26.30
     
     
0.11
     
0.11
     
     
 
Global X S&P 500® Covered Call & Growth ETF
                                               
2022 (Unaudited)
   
31.83
     
0.13
     
(2.99
)
   
(2.86
)
   
(0.71
)
   
 
2021
   
24.69
     
0.22
     
8.29
     
8.51
     
(1.37
)
   
 
2020(4)
   
25.22
     
0.02
     
(0.41
)
   
(0.39
)
   
(0.02
)
   
 






The accompanying notes are an integral part of the financial statements.
351


 
Financial Highlights
 
     





Return of Capital ($)
   
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 (%)††
 
                                             
 
     
(1.49
)
   
22.11
     
(6.51
)
   
1,281,308
     
0.50
(1)
   
0.76
   
158.97
 
 
     
(2.90
)
   
25.18
     
38.82
     
554,446
     
0.50
(1) 
   
0.53
     
8.94
 
 
(2.12
)
   
(2.40
)
   
20.45
     
(9.18
)
   
21,475
     
0.56
(1) 
   
0.68
     
11.16
 
 
     
(1.22
)
   
25.24
     
5.99
     
8,833
     
0.82
(1)
   
0.68
   
5.82
 
                                                             
 
     
(0.42
)
   
24.33
     
2.58
     
11,681
     
0.60
   
0.73
   
0.54
 
                                                             
 
     
(2.34
)
   
26.38
     
(14.18
)
   
60,144
     
0.60
   
0.11
   
9.83
 
 
     
(1.76
)
   
33.09
     
33.42
     
44,671
     
0.60
     
0.06
     
11.21
 
 
(0.14
)
   
(0.14
)
   
26.27
     
0.40
     
6,568
     
0.60
   
(0.10
)†
   
1.65
 
                                                             
 
     
(0.71
)
   
28.26
     
(5.91
)
   
35,330
     
0.60
   
0.84
   
3.70
 
 
     
(1.37
)
   
31.83
     
35.18
     
35,018
     
0.60
     
0.74
     
12.17
 
 
(0.12
)
   
(0.14
)
   
24.69
     
(1.60
)
   
3,704
     
0.60
   
0.75
   
0.75
 


*
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)
Excluding broker fees on written options, the ratio of expenses to average net assets would have been 0.60%  for the period ended April 30, 2022 to the 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 0.79%, 0.60%, 0.68% and 0.97% for the period ended April 30, 2022 to the year ended October 31, 2019, respectively.
(2)
The Fund commenced operations on April 17, 2019.
(3)
The Fund commenced operations on February 23, 2022.
(4)
The Fund commenced operations on September 18, 2020.


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






The accompanying notes are an integral part of the financial statements.
352


 
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 ($)
 
Global X SuperIncome™ Preferred ETF
                                   
2022 (Unaudited)
   
11.94
     
0.30
     
(1.17
)
   
(0.87
)
   
(0.34
)
   
 
2021
   
11.12
     
0.61
     
0.89
     
1.50
     
(0.68
)
   
 
2020
   
11.73
     
0.60
     
(0.53
)
   
0.07
     
(0.65
)
   
 
2019
   
11.49
     
0.66
     
0.32
     
0.98
     
(0.73
)
   
 
2018
   
12.44
     
0.78
     
(0.88
)
   
(0.10
)
   
(0.85
)
   
 
2017
   
13.16
     
0.82
     
(0.65
)
   
0.17
     
(0.85
)
   
 
Global X Renewable Energy Producers ETF
                                               
2022 (Unaudited)
   
16.82
     
0.08
     
(1.86
)
   
(1.78
)
   
(0.07
)
   
 
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
)
   
 
2018
   
12.53
     
0.37
     
(0.80
)
   
(0.43
)
   
(0.50
)
   
 
2017
   
11.16
     
0.28
     
1.59
     
1.87
     
(0.50
)
   
 
Global X S&P 500® Catholic Values ETF
                                               
2022 (Unaudited)
   
57.22
     
0.30
     
(6.56
)
   
(6.26
)
   
(0.31
)
   
(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
)
2018
   
31.83
     
0.58
     
1.60
     
2.18
     
(0.41
)
   
(0.01
)
2017
   
25.74
     
0.48
     
5.74
     
6.22
     
(0.13
)
     
***






The accompanying notes are an integral part of the financial statements.
353


 
Financial Highlights
 
     





Return of Capital ($)
   
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 (%)††
 
                                             
 
     
(0.34
)
   
10.73
     
(7.43
)
   
205,102
     
0.58
   
5.39
   
15.29
 
 
     
(0.68
)
   
11.94
     
13.71
     
234,953
     
0.58
     
5.13
     
98.47
 
 
(0.03
)
   
(0.68
)
   
11.12
     
0.81
     
184,015
     
0.58
     
5.47
     
67.65
 
 
(0.01
)
   
(0.74
)
   
11.73
     
8.87
     
201,092
     
0.58
     
5.72
     
55.98
 
 
     
(0.85
)
   
11.49
     
(0.87
)
   
186,154
     
0.58
     
6.48
     
105.48
 
 
(0.04
)
   
(0.89
)
   
12.44
     
1.31
     
236,331
     
0.58
     
6.39
     
45.12
 
                                                             
 
     
(0.07
)
   
14.97
     
(10.54
)
   
119,649
     
0.65
   
1.10
   
6.56
 
 
     
(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
 
 
(0.08
)
   
(0.58
)
   
11.52
     
(3.50
)
   
15,556
     
0.65
     
3.07
     
33.50
 
 
     
(0.50
)
   
12.53
     
17.30
     
20,046
     
0.65
     
2.37
     
25.99
 
                                                             
 
     
(0.39
)
   
50.57
     
(11.04
)
   
593,746
     
0.29
   
1.09
   
4.50
 
 
     
(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
 
 
     
(0.42
)
   
33.59
     
6.86
     
147,789
   
0.29
@    
1.72
     
4.33
 
 
     
(0.13
)
   
31.83
     
24.27
     
114,581
   
0.29
@    
1.64
     
6.09
 


@
The ratio of Expenses to Average Net Assets includes the effect of a waiver. If these offsets were excluded, the ratio would have been 0.32% and 0.39%, for the years ended October 31, 2018 and 2017, respectively.
*
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.
***
Amount rounds to less than $0.005.
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.







The accompanying notes are an integral part of the financial statements.
354


 
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 ($)
 
Global X S&P Catholic Values Developed ex-U.S. ETF
                                   
2022 (Unaudited)
   
32.80
     
0.39
     
(5.21
)
   
(4.82
)
   
(0.40
)
   
(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 Guru® Index ETF
                                               
2022 (Unaudited)
   
50.24
     
     
(13.15
)
   
(13.15
)
   
(0.04
)
   
 
2021
   
37.31
     
0.69
     
13.14
     
13.83
     
(0.90
)
   
 
2020
   
34.02
     
0.33
     
3.32
     
3.65
     
(0.34
)
   
 
2019
   
30.09
     
0.12
     
4.02
     
4.14
     
(0.17
)
   
 
2018
   
28.70
     
0.11
     
1.44
     
1.55
     
(0.16
)
   
 
2017
   
23.14
     
0.14
     
5.47
     
5.61
     
(0.05
)
   
 
Global X S&P 500® Tail Risk ETF
                                               
2022 (Unaudited)
   
27.72
     
0.11
     
(2.99
)
   
(2.88
)
   
(0.07
)
   
(0.58
)
2021(2)
   
27.33
     
0.03
     
0.36
     
0.39
     
     
 






The accompanying notes are an integral part of the financial statements.
355


 
Financial Highlights
 
     





Return of Capital ($)
   
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 (%)††
 
                                             
 
     
(0.77
)
   
27.21
     
(15.03
)
   
6,258
     
0.35
   
2.58
   
8.99
 
 
     
(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
 
                                                             
 
     
(0.04
)
   
37.05
     
(26.19
)
   
53,723
     
0.75
   
0.02
   
59.65
 
 
     
(0.90
)
   
50.24
     
37.43
     
75,856
     
0.75
     
1.47
     
121.91
 
 
(0.02
)
   
(0.36
)
   
37.31
     
10.84
     
55,961
     
0.75
     
0.96
     
124.90
 
 
(0.04
)
   
(0.21
)
   
34.02
     
13.90
     
56,134
     
0.75
     
0.38
     
126.44
 
 
     
(0.16
)
   
30.09
     
5.40
     
57,180
     
0.75
     
0.36
     
112.64
 
 
     
(0.05
)
   
28.70
     
24.30
     
55,956
     
0.75
     
0.54
     
94.71
 
                                                             
 
     
(0.65
)
   
24.19
     
(10.71
)
   
3,145
     
0.60
   
0.81
   
0.96
 
 
     
     
27.72
     
1.43
     
3,604
     
0.60
   
0.58
   
6.21
 


*
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)
The Fund commenced operations on August 25, 2021.


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






The accompanying notes are an integral part of the financial statements.
356


 
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 ($)
 
Global X S&P 500® Risk Managed Income ETF
                                   
2022 (Unaudited)
   
26.83
     
0.10
     
(1.27
)
   
(1.17
)
   
(1.25
)
   
(0.07
)
2021(1)
   
26.77
     
0.03
     
0.39
     
0.42
     
(0.36
)
   
 
Global X S&P 500® Collar 95-110 ETF
                                               
2022 (Unaudited)
   
27.57
     
0.11
     
(2.71
)
   
(2.60
)
   
(0.07
)
   
(0.40
)
2021(1)
   
27.28
     
0.03
     
0.26
     
0.29
     
     
 
Global X NASDAQ 100® Tail Risk ETF
                                               
2022 (Unaudited)
   
25.59
     
0.02
     
(4.46
)
   
(4.44
)
   
     
(0.49
)
2021(1)
   
25.13
     
(0.01
)
   
0.47
     
0.46
     
     
 






The accompanying notes are an integral part of the financial statements.
357


 
Financial Highlights
 
     





Return of Capital ($)
   
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 (%)††
 
                                             
 
     
(1.32
)
   
24.34
     
(4.49
)
   
22,395
     
0.60
   
0.82
   
3.67
 
 
     
(0.36
)
   
26.83
     
1.60
     
5,902
     
0.60
   
0.57
   
7.08
 
                                                             
 
     
(0.47
)
   
24.50
     
(9.62
)
   
3,920
     
0.60
   
0.80
   
1.65
 
 
     
     
27.57
     
1.06
     
3,308
     
0.60
   
0.58
   
6.44
 
                                                             
 
     
(0.49
)
   
20.66
     
(17.72
)
   
2,066
     
0.60
   
0.13
   
5.37
 
 
     
     
25.59
     
1.83
     
3,326
     
0.60
   
(0.12
)†
   
1.71
 


*
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 August 25, 2021.


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






The accompanying notes are an integral part of the financial statements.
358


 
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 ($)
 
Global X NASDAQ 100® Risk Managed Income ETF
                                   
2022 (Unaudited)
   
24.12
     
0.01
     
(2.36
)
   
(2.35
)
   
(0.96
)
   
 
2021(1)
   
24.60
     
(0.01
)
   
(0.16
)
   
(0.17
)
   
     
 
Global X NASDAQ 100® Collar 95-110 ETF
                                               
2022 (Unaudited)
   
25.78
     
0.01
     
(2.90
)
   
(2.89
)
   
     
(0.42
)
2021(1)
   
25.27
     
(0.01
)
   
0.52
     
0.51
     
     
 






The accompanying notes are an integral part of the financial statements.
359


 
Financial Highlights
 
     





Return of Capital ($)
   
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 (%)††
 
                                             
 
     
(0.96
)
   
20.81
     
(10.00
)
   
12,485
     
0.60
   
0.09
   
11.31
 
 
(0.31
)
   
(0.31
)
   
24.12
     
(0.69
)
   
4,341
     
0.60
   
(0.15
)†
   
2.16
 
                                                             
 
     
(0.42
)
   
22.47
     
(11.42
)
   
4,044
     
0.60
   
0.08
   
7.59
 
 
     
     
25.78
     
2.06
     
2,836
     
0.60
   
(0.11
)†
   
2.11
 


*
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 August 25, 2021.




The accompanying notes are an integral part of the financial statements.
360


 
Notes to Financial Statements
 
 
April 30, 2022 (Unaudited)
 


1. ORGANIZATION
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, as amended, as an open-end management investment company. As of April 30, 2022, the Trust had one hundred and two portfolios, ninety-four of which were operational. The financial statements herein and the related notes pertain to the Global X Social Media ETF, Global X Lithium & Battery Tech ETF, Global X Disruptive Materials ETF, Global X E-commerce ETF, Global X Emerging Markets Internet & E-commerce ETF, Global X SuperDividend® ETF, Global X SuperDividend® U.S. ETF, Global X MSCI SuperDividend® EAFE ETF, Global X MSCI SuperDividend® Emerging Markets ETF, Global X SuperDividend® REIT ETF, Global X NASDAQ 100® Covered Call ETF, Global X S&P 500® Covered Call ETF, Global X Russell 2000 Covered Call ETF, Global X Dow 30® Covered Call ETF, Global X Nasdaq 100® Covered Call & Growth ETF, Global X S&P 500® Covered Call & Growth ETF, Global X SuperIncome™ Preferred ETF, Global X Renewable Energy Producers ETF, Global X S&P 500® Catholic Values ETF, Global X S&P Catholic Values Developed ex-U.S. ETF, Global X Guru® Index 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 NASDAQ 100® Tail Risk ETF, Global X NASDAQ 100® Risk Managed Income ETF and Global X NASDAQ 100® Collar 95-110 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  SuperIncomeTM 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.
Global X Disruptive Materials ETF commenced operations on January 24, 2022.
Global X Dow 30® Covered Call ETF commenced operations on February 23, 2022.
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





361


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


1. ORGANIZATION (continued)
to the Reorganization. The Predecessor Funds had substantially similar investment objectives, investment strategies, policies and restrictions as those of the Successor Funds. The financial statements and 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.
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.






362


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


2. SIGNIFICANT ACCOUNTING POLICIES (continued)
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 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 EST 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).
For securities traded on NASDAQ, the NASDAQ official closing price will be used. 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 may be valued at their amortized cost, which approximates market value. 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. Prices for most securities held in 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.





363


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


2. SIGNIFICANT ACCOUNTING POLICIES (continued)
Securities for which market prices are not “readily available” are valued in accordance with fair value procedures (the “Fair Value Procedures”) established by the Board of Trustees (the “Board”) of the Trust. The Funds’ Fair Value Procedures are implemented through a fair value committee (the “Committee”) designated by the Board. 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 the Funds calculate their net asset values. 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 Global X Management Company LLC, the Funds’ investment advisor (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 net asset values, 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. As of April 30, 2022 the following Funds had fair valued securities:

Fund
 
Fair Valued Amount
 
Global X Social Media ETF
 
$
1,422
 
Global X SuperDividend® ETF
   
31,925,845
 
Global X MSCI SuperDividend® Emerging Markets ETF
   
1,403,134
 
Global X Renewable Energy Producers ETF
   
330,300
 
Global X S&P Catholic Values Developed ex-U.S. ETF
   
2,092
 

There were no other securities priced using the Fair Value Procedures.
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 to sell 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





364


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


2. SIGNIFICANT ACCOUNTING POLICIES (continued)
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 net asset value 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 net asset value 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 the period ended April 30, 2022, there have been no significant changes to the Funds’ fair valuation methodologies.
The following table summarizes the quantitative inputs and assumptions used for items categorized as material Level 3 investments as of April 30, 2022. The disclosures below also include qualitative information on the sensitivity of the fair value measurements to changes in the significant unobservable inputs.





365


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


2. SIGNIFICANT ACCOUNTING POLICIES (continued)

Global X SuperDividend® ETF
Assets
Fair Value at 4/30/22
Valuation Technique(s)
Unobservable Input
Discount Percentage
Common Stock
$75,192
Discount from the Last Traded Price
Last Traded Price Comparability Adjustment %
-6332.4%
Common Stock
$42,952
Discount from the Last Traded Price
Last Traded Price Comparability Adjustment %
-10358.5%
Common Stock
$424,610
Discount from the Last Traded Price
Last Traded Price Comparability Adjustment %
90.0%
Common Stock
$636,489
Discount from the Last Traded Price
Last Traded Price Comparability Adjustment %
90.0%
Common Stock
$401,942
Discount from the Last Traded Price
Last Traded Price Comparability Adjustment %
90.0%
Common Stock
$484,068
Discount from the Last Traded Price
Last Traded Price Comparability Adjustment %
90.0%
Common Stock
$9,949,897
Discount from the Last Traded Price
Last Traded Price Comparability Adjustment %
10.0%
Common Stock
$9,870,534
Discount from the Last Traded Price
Last Traded Price Comparability Adjustment %
10.0%
Common Stock
$10,040,161
Discount from the Last Traded Price
Last Traded Price Comparability Adjustment %
10.0%


Global X MSCI SuperDividend® Emerging Markets ETF
Assets
Fair Value at 4/30/22
Valuation Technique(s)
Unobservable Input
Discount Percentage
Common Stock
$22,243
Discount from the Last Traded Price
Last Traded Price Comparability Adjustment %
-6332.4%
Common Stock
$9,467
Discount from the Last Traded Price
Last Traded Price Comparability Adjustment %
-10358.5%
Common Stock
$112,075
Discount from the Last Traded Price
Last Traded Price Comparability Adjustment %
90.0%
Common Stock
$110,799
Discount from the Last Traded Price
Last Traded Price Comparability Adjustment %
90.0%
Common Stock
$148,759
Discount from the Last Traded Price
Last Traded Price Comparability Adjustment %
90.0%
Common Stock
$135,467
Discount from the Last Traded Price
Last Traded Price Comparability Adjustment %
90.0%
Common Stock
$555,824
Discount from the Last Traded Price
Last Traded Price Comparability Adjustment %
10.0%
Common Stock
$308,499
Discount from the Last Traded Price
Last Traded Price Comparability Adjustment %
30.0%


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.





366


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


2. SIGNIFICANT ACCOUNTING POLICIES (continued)
DUE TO/FROM BROKERS – Due to/from brokers includes cash and collateral balances with the Funds’ clearing brokers or counterparties as of April 30, 2022. The Funds continuously monitor the credit standing of each broker or counterparty with whom they 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”), the Funds’ custodian (“Custodian”), 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 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 (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 an MRA with collateral held and/or posted to the counterparty and create one single net payment due to or from the Funds.
As of April 30, 2022, the open repurchase agreements by counterparty which are subject to an MRA on a net payment basis are as follows:

   
Repurchase Agreements*
   
Fair Value of Non-cash Collateral Received(1)
   
Cash Collateral Received
   
Net Amount(2)
 
Global X Social Media ETF
                       
BNP Paribas
   
1,849,932
     
1,849,932
   
$
   
$
 
Global X Lithium & Battery Tech ETF
                               
BNP Paribas
   
73,687,127
     
73,687,127
     
     
 





367


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


2. SIGNIFICANT ACCOUNTING POLICIES (continued)
   
Repurchase Agreements*
   
Fair Value of Non-cash Collateral Received(1)
   
Cash Collateral Received
   
Net Amount(2)
 
Global X E-commerce ETF
                       
BNP Paribas
   
1,099,688
     
1,099,688
   
$
   
$
 
Global X SuperDividend® ETF
                               
BNP Paribas
   
29,481,944
     
29,481,944
     
     
 
Global X SuperDividend® U.S. ETF
                               
BNP Paribas
   
9,420,766
     
9,420,766
     
     
 
Global X SuperDividend® REIT ETF
                               
BNP Paribas
   
6,101,856
     
6,101,856
     
     
 
Global X SuperIncome™ Preferred ETF
                               
BNP Paribas
   
984,872
     
984,872
     
     
 
Global X Renewable Energy Producers ETF
                               
BNP Paribas
   
350,210
     
350,210
     
     
 
Global X Guru® Index ETF
                               
BNP Paribas
   
507,915
     
507,915
     
     
 

*
Repurchase agreements with an overstated and continous maturity.
(1)
Excess collateral received is not presented in the table above.  Please refer to the Schedules of Investments for the market value of the collateral received for each Fund.
(2)
Net Amount represents the net amount receivable due from the counterparty in the event of default.


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.
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.





368


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


2. SIGNIFICANT ACCOUNTING POLICIES (continued)
As of and during the reporting period ended April 30, 2022, 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 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.
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 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.
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





369


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


2. SIGNIFICANT ACCOUNTING POLICIES (continued)
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 BBH, 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 April 30, 2022
   
Redemption Fee
 
Global X Social Media ETF
   
10,000
   
$
300
   
$
383,600
   
$
300
 
Global X Lithium & Battery Tech ETF
   
10,000
     
1,500
     
664,500
     
1,500
 
Global X Disruptive Materials ETF
   
10,000
     
800
     
226,200
     
800
 
Global X E-commerce ETF
   
10,000
     
500
     
195,200
     
500
 
Global X Emerging Markets Internet & E-commerce ETF
   
10,000
     
800
     
73,000
     
800
 
Global X SuperDividend® ETF
   
10,000
     
2,000
     
106,600
     
2,000
 
Global X SuperDividend® U.S. ETF
   
10,000
     
150
     
202,600
     
150
 
Global X MSCI SuperDividend® EAFE ETF
   
10,000
     
1,000
     
149,300
     
1,000
 
Global X MSCI SuperDividend® Emerging Markets ETF
   
10,000
     
1,600
     
95,300
     
3,000
 
Global X SuperDividend® REIT ETF
   
10,000
     
250
     
87,400
     
250
 
Global X NASDAQ 100® Covered Call ETF
   
10,000
     
500
     
192,800
     
500
 
Global X S&P 500® Covered Call ETF
   
10,000
     
2,000
     
465,500
     
2,000
 
Global X Russell 2000 Covered Call ETF
   
10,000
     
250
     
221,100
     
250
 
Global X Dow 30® Covered Call ETF
   
10,000
     
250
     
243,300
     
250
 
Global X Nasdaq 100® Covered Call & Growth ETF
   
10,000
     
500
     
263,800
     
500
 
Global X S&P 500® Covered Call & Growth ETF
   
10,000
     
1,500
     
282,600
     
1,500
 
Global X SuperIncome™ Preferred ETF
   
10,000
     
300
     
107,300
     
300
 
Global X Renewable Energy Producers ETF
   
10,000
     
800
     
149,700
     
500
 
Global X S&P 500® Catholic Values ETF
   
10,000
     
1,300
     
505,700
     
1,300
 
Global X S&P Catholic Values Developed ex-U.S. ETF
   
10,000
     
8,900
     
272,100
     
8,900
 
Global X Guru® Index ETF
   
10,000
     
250
     
370,500
     
250
 
Global X S&P 500® Tail Risk ETF
   
10,000
     
2,000
     
241,900
     
2,000
 
Global X S&P 500® Risk Managed Income ETF
   
10,000
     
2,000
     
243,400
     
2,000
 
Global X S&P 500® Collar 95-110 ETF
   
10,000
     
2,000
     
245,000
     
2,000
 
Global X NASDAQ 100® Tail Risk ETF
   
10,000
     
500
     
206,600
     
500
 
Global X NASDAQ 100® Risk Managed Income ETF
   
10,000
     
500
     
208,100
     
500
 
Global X NASDAQ 100® Collar 95-110 ETF
   
10,000
     
500
     
224,700
     
500
 


CASH OVERDRAFT CHARGES – Per the terms of an agreement with BBH, if a Fund has a cash overdraft on a given day, it will be assessed an overdraft charge of LIBOR plus 2.00%.  Cash overdraft charges are included in custodian fees on the Statements of Operations.





370


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


3. RELATED PARTY TRANSACTIONS 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, which is a leading financial services company in Korea and is the headquarters for the Mirae Asset Global Investments Group.
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 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). 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, custodian fees, acquired fund fees, and other transaction expenses, interest expenses and extraordinary expenses (such as litigation and indemnification expenses).
The following table discloses supervision and administration fees payable pursuant to the Supervision and Administration Agreement:
   
Supervision and Administration Fee
 
Global X Social Media ETF
   
0.65
%
Global X Lithium & Battery Tech ETF
   
0.75
%
Global X Disruptive Materials ETF
   
0.59
%
Global X E-commerce ETF
   
0.50
%
Global X Emerging Markets Internet & E-commerce ETF
   
0.65
%
Global X SuperDividend® ETF
   
0.58
%
Global X SuperDividend® U.S. ETF
   
0.45
%
Global X MSCI SuperDividend® EAFE ETF
   
0.55
%
Global X MSCI SuperDividend® Emerging Markets ETF
   
0.65
%
Global X SuperDividend® REIT ETF
   
0.58
%






371


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


3. RELATED PARTY TRANSACTIONS AND SERVICE PROVIDER TRANSACTIONS (continued)
   
Supervision and Administration Fee
 
Global X NASDAQ 100® Covered Call ETF
   
0.60
%
Global X S&P 500® Covered Call ETF*
   
0.60
%
Global X Russell 2000 Covered Call ETF**
   
0.60
%
Global X Dow 30® Covered Call ETF
   
0.60
%
Global X Nasdaq 100® Covered Call & Growth ETF
   
0.60
%
Global X S&P 500® Covered Call & Growth ETF
   
0.60
%
Global X SuperIncomeTM Preferred ETF
   
0.58
%
Global X Renewable Energy Producers ETF
   
0.65
%
Global X S&P 500® Catholic Values ETF***
   
0.29
%
Global X S&P Catholic Values Developed ex-U.S. ETF
   
0.35
%
Global X Guru® Index ETF
   
0.75
%
Global X S&P 500® Tail Risk ETF
   
0.60
%
Global X S&P 500® Risk Managed Income ETF
   
0.60
%
Global X S&P 500® Collar 95-110 ETF
   
0.60
%
Global X NASDAQ 100® Tail Risk ETF
   
0.60
%
Global X NASDAQ 100® Risk Managed Income ETF
   
0.60
%
Global X NASDAQ 100® Collar 95-110 ETF
   
0.60
%

*Pursuant to an expense limitation agreement in existence between the Global X S&P 500® Covered Call ETF (the “Fund”) and the Adviser, the Adviser agreed to reimburse or waive fees and/or limit Fund expenses to the extent necessary to assure that the operating expenses of the Fund, exclusive of taxes, commissions, and other transaction expenses, interest, and extraordinary expenses (such as litigation and indemnification expenses) will not exceed 0.60% of the Fund’s average daily net assets per year, effective August 21, 2020, until at least March 1, 2022.
**Pursuant to an expense limitation agreement in existence between the Global X Russell 2000 Covered Call ETF (the “Fund”) and the Adviser, the Adviser agreed to waive or reimburse fees and/or limit Fund expenses to the extent necessary to assure that the operating expenses of the Fund, 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 Fund’s average daily net assets per year, effective March 1, 2022, until at least March 1, 2023.
***Pursuant to an expense limitation agreement in existence between the Global X S&P 500® Catholic Values ETF (the “Fund”) and the Adviser prior to March 1, 2018, the Adviser agreed to waive or reimburse fees and/or limit fund expenses to the extent necessary to assure that the operating expenses of the Fund (exclusive of taxes, brokerage fees, commissions, and other transaction expenses and extraordinary expenses (such as litigation and indemnification expenses)  (“Total Annual Fund Operating Expenses”) would not exceed 0.29% of the Fund’s average daily net assets per year until at least March 1, 2018. Pursuant to the expense limitation agreement, the Fund (at a later date) could reimburse the Adviser for the fees and expenses it waived or reimbursed





372


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


3. RELATED PARTY TRANSACTIONS AND SERVICE PROVIDER TRANSACTIONS (continued)
and/or limited during any of the prior three fiscal years, provided that, among other things, any reimbursement made to the Adviser would not cause Total Annual Fund Operating Expenses to exceed the maximum permitted rate during the period in which it is paid and the Board had approved such reimbursement to the Adviser. Although the Board voted on December 19, 2017, to permanently reduce the Fund’s fees to 0.29% and end the expense limitation agreement as of March 1, 2018, prior waived or reimbursed fees are still subject to recoupment.  As of October 31, 2021, the amounts of waivers/reimbursements subject to recoupment for the Fund were $0 expiring in 2022, $43,032 expiring 2021 and $88,406 expiring 2020. As of October 31, 2021 there had been no recoupment of previously waived and reimbursed fees.
SEI Investments Global Funds Services (“SEIGFS”) serves as sub-administrator to the Funds. As sub-administrator, SEIGFS provides the Funds with required general
 administrative services, including, without limitation: office space, equipment, and personnel; clerical and general back office services; bookkeeping, internal accounting and 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 each Fund’s underwriter and distributor of Creation Units pursuant to a distribution agreement. SIDCO has no obligation to sell any specific quantity of Fund Shares.
SIDCO bears the following costs and expenses relating to the distribution of Shares: (1) the costs of processing and maintaining records of creations of Creation Units; (2) all costs of maintaining the records required of a registered broker/dealer; (3) the expenses of maintaining its registration or qualification as a dealer or broker under federal or state laws; (4) filing fees; and (5) 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 Funds’ assets. As Custodian, BBH has agreed to (1) make receipts and disbursements of money on behalf of the Funds; (2) collect and receive all income and other payments and distributions on account of the Funds’ portfolio investments; (3) respond to correspondence from shareholders, security brokers and others relating to its duties; and (4) 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 transfer agent, BBH has agreed to (1) issue and redeem Shares of each Fund; (2) make dividend and other distributions to shareholders of each Fund; (3) respond to correspondence by shareholders and others relating to its





373


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


3. RELATED PARTY TRANSACTIONS AND SERVICE PROVIDER TRANSACTIONS (continued)
duties; (4) maintain shareholder accounts; and (5) 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.
4. INVESTMENT TRANSACTIONS
For the period ended April 30, 2022, 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 Social Media ETF
 
$
23,652,484
   
$
28,477,344
 
Global X Lithium & Battery Tech ETF
   
479,016,068
     
209,478,212
 
Global X Disruptive Materials ETF
   
1,983,902
     
287,923
 
Global X E-commerce ETF
   
18,320,255
     
19,238,300
 
Global X Emerging Markets Internet & E-commerce ETF
   
402,596
     
421,763
 
Global X SuperDividend® ETF
   
515,226,261
     
497,304,478
 
Global X SuperDividend® U.S. ETF
   
227,872,384
     
238,574,595
 
Global X MSCI SuperDividend® EAFE ETF
   
1,406,021
     
1,564,936
 
Global X MSCI SuperDividend® Emerging Markets ETF
   
34,069,500
     
18,975,570
 
Global X SuperDividend® REIT ETF
   
287,091,959
     
294,280,955
 
Global X NASDAQ 100® Covered Call ETF
   
922,997,748
     
903,280,957
 
Global X S&P 500® Covered Call ETF
   
52,566,995
     
42,974,045
 
Global X Russell 2000 Covered Call ETF
   
1,578,445,727
     
1,506,281,037
 
Global X Dow 30® Covered Call ETF
   
99,115
     
36,981
 
Global X Nasdaq 100® Covered Call & Growth ETF
   
5,408,058
     
7,511,789
 
Global X S&P 500® Covered Call & Growth ETF
   
1,418,724
     
2,279,566
 
Global X SuperIncome™ Preferred ETF
   
33,666,440
     
33,997,488
 
Global X Renewable Energy Producers ETF
   
8,595,129
     
10,476,431
 
Global X S&P 500® Catholic Values ETF
   
27,872,246
     
27,945,912
 
Global X S&P Catholic Values Developed ex-U.S. ETF
   
508,556
     
440,347
 
Global X Guru® Index ETF
   
38,721,456
     
38,689,241
 
Global X S&P 500® Tail Risk ETF
   
32,640
     
207,416
 
Global X S&P 500® Risk Managed Income ETF
   
596,534
     
1,071,412
 
Global X S&P 500® Collar 95-110 ETF
   
58,329
     
223,021
 
Global X NASDAQ 100® Tail Risk ETF
   
190,099
     
337,971
 
Global X NASDAQ 100® Risk Managed Income ETF
   
1,437,954
     
1,330,630
 
Global X NASDAQ 100® Collar 95-110 ETF
   
317,225
     
272,597
 


For the period ended April 30, 2022, there were no purchases and sales of long-term U.S. Government securities.




374


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


4. INVESTMENT TRANSACTIONS (continued)
For the year ended April 30, 2022, in-kind transactions associated with creations and redemptions were:

2022
 
Purchases
   
Sales and Maturities
   
Realized Gain/(Loss)
 
Global X Social Media ETF
 
$
   
$
39,028,748
   
$
5,579,805
 
Global X Lithium & Battery Tech ETF
   
359,413,113
     
150,257,553
     
60,932,744
 
Global X Disruptive Materials ETF
   
4,336,469
     
509,556
     
87,063
 
Global X E-commerce ETF
   
21,340,199
     
69,973,380
     
(4,089,851
)
Global X Emerging Markets Internet & E-commerce ETF
   
     
155,764
     
(74,102
)
Global X SuperDividend® ETF
   
42,981,153
     
13,630,773
     
2,123,896
 
Global X SuperDividend® U.S. ETF
   
60,359,489
     
33,948,865
     
6,290,804
 
Global X MSCI SuperDividend® EAFE ETF
   
     
2,347,252
     
237,029
 
Global X MSCI SuperDividend® Emerging Markets ETF
   
5,459,847
     
     
 
Global X SuperDividend® REIT ETF
   
     
52,830,805
     
5,766,949
 
Global X NASDAQ 100® Covered Call ETF
   
3,036,360,454
     
59,498,085
     
35,607,464
 
Global X S&P 500® Covered Call ETF
   
988,088,480
     
7,489,656
     
3,177,962
 
Global X Russell 2000 Covered Call ETF
   
866,308,451
     
     
 
Global X Dow 30® Covered Call ETF
   
12,093,372
     
     
 
Global X Nasdaq 100® Covered Call & Growth ETF
   
42,835,790
     
13,511,831
     
2,786,272
 
Global X S&P 500® Covered Call & Growth ETF
   
12,131,893
     
7,595,503
     
1,221,822
 
Global X SuperIncome™ Preferred ETF
   
5,538,221
     
12,292,107
     
408,150
 
Global X Renewable Energy Producers ETF
   
21,218,635
     
30,613,911
     
3,936,041
 
Global X S&P 500® Catholic Values ETF
   
96,605,186
     
19,939,999
     
7,777,570
 
Global X S&P Catholic Values Developed ex-U.S. ETF
   
2,851,073
     
     
 
Global X Guru® Index ETF
   
2,090,830
     
4,688,185
     
660,080
 
Global X S&P 500® Tail Risk ETF
   
     
     
 
Global X S&P 500® Risk Managed Income ETF
   
18,385,915
     
     
 
Global X S&P 500® Collar 95-110 ETF
   
1,001,485
     
     
 
Global X NASDAQ 100® Tail Risk ETF
   
1,334,937
     
1,934,246
     
(38,325
)
Global X NASDAQ 100® Risk Managed Income ETF
   
12,751,338
     
2,603,748
     
36,646
 
Global X NASDAQ 100® Collar 95-110 ETF
   
1,704,952
     
     
 


For the year or period ended October 31, 2021, in-kind transactions associated with creations and redemptions were:
2021
 
Purchases
   
Sales and Maturities
   
Realized Gain/(Loss)
 
Global X Social Media ETF
 
$
249,814,697
   
$
161,825,652
   
$
104,250,876
 
Global X Lithium & Battery Tech ETF
   
1,301,530,281
     
366,384,618
     
234,758,649
 
Global X E-commerce ETF
   
154,359,054
     
55,200,159
     
21,442,562
 
Global X Emerging Markets Internet & E-commerce ETF
   
5,524,406
     
757,687
     
(121,392
)
Global X SuperDividend® ETF
   
116,148,336
     
4,825,925
     
1,306,373
 
Global X SuperDividend® U.S. ETF
   
141,063,730
     
33,098,332
     
5,304,331
 
Global X MSCI SuperDividend® EAFE ETF
   
4,473,039
     
929,987
     
89,950
 
Global X MSCI SuperDividend® Emerging Markets ETF
   
12,009,994
     
     
 
Global X SuperDividend® REIT ETF
   
109,800,947
     
53,971,417
     
11,010,490
 
Global X NASDAQ 100® Covered Call ETF
   
3,619,325,170
     
26,690,549
     
15,759,156
 
Global X S&P 500® Covered Call ETF
   
548,443,411
     
7,302,890
     
2,537,496
 
Global X Russell 2000 Covered Call ETF
   
533,979,476
     
501,604
     
234,461
 
Global X Nasdaq 100® Covered Call & Growth ETF
   
38,168,292
     
2,820,576
     
245,511
 
Global X S&P 500® Covered Call & Growth ETF
   
33,475,572
     
4,125,677
     
427,939
 
Global X SuperIncome™ Preferred ETF
   
44,678,336
     
7,476,659
     
831,987
 
Global X Renewable Energy Producers ETF
   
103,945,368
     
48,932,053
     
11,012,881
 






375


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


4. INVESTMENT TRANSACTIONS (continued)

2021
 
Purchases
   
Sales and Maturities
   
Realized Gain/(Loss)
 
Global X S&P 500® Catholic Values ETF
 
$
124,592,947
   
$
80,395,996
   
$
39,980,846
 
Global X S&P Catholic Values Developed ex-U.S. ETF
   
930,692
     
     
 
Global X Guru® Index ETF
   
22,438,467
     
22,168,067
     
6,600,357
 
Global X S&P 500® Tail Risk ETF
   
3,506,784
     
     
 
Global X S&P 500® Risk Managed Income ETF
   
5,908,307
     
     
 
Global X S&P 500® Collar 95-110 ETF
   
3,242,149
     
     
 
Global X NASDAQ 100® Tail Risk ETF
   
3,252,445
     
     
 
Global X NASDAQ 100® Risk Managed Income ETF
   
4,512,650
     
     
 
Global X NASDAQ 100® Collar 95-110 ETF
   
2,796,085
     
     
 


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 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.





376


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


4. INVESTMENT TRANSACTIONS (continued)
The Global X NASDAQ 100® Covered Call ETF, Global X S&P 500® Covered Call ETF, Global X Russell 2000 Covered Call ETF, Global X Dow 30® Covered Call ETF, Global X Nasdaq 100® Covered Call & Growth 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,  Global X S&P 500® Collar 95-110 ETF, Global X Nasdaq 100® Tail Risk ETF, Global X Nasdaq 100® Risk Managed Income ETF, and Global X Nasdaq 100® Collar 95-110 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.
For the period ended April 30, 2022, all options were subject to Equity Risk.
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.
For the period ended April 30, 2022, the monthly average cost of the written and purchased options contracts held by the Funds were as follows:
Fund Name
 
Short Average
   
Short End
   
Long Average
   
Long End
 
Global X NASDAQ 100® Covered Call ETF
 
$
(174,311,360
)
 
$
(216,847,049
)
 
$
   
$
 
Global X S&P 500® Covered Call ETF
   
(23,477,960
)
   
(32,844,397
)
   
     
 
Global X Russell 2000 Covered Call ETF
   
(27,093,842
)
   
(36,166,352
)
   
     
 
Global X Dow 30® Covered Call ETF
   
(107,247
)
   
(193,673
)
   
     
 
Global X Nasdaq 100® Covered Call & Growth ETF
   
(759,927
)
   
(949,118
)
   
     
 
Global X S&P 500® Covered Call & Growth ETF
   
(394,351
)
   
(378,527
)
   
     
 
Global X S&P 500® Tail Risk ETF
   
     
     
53,730
     
54,491
 
Global X S&P 500® Risk Managed Income ETF
   
(376,888
)
   
(481,741
)
   
198,790
     
246,115
 
Global X S&P 500® Collar 95-110 ETF
   
(9,502
)
   
(17,053
)
   
92,772
     
106,455
 
Global X NASDAQ 100® Tail Risk ETF
   
     
     
85,908
     
42,600
 
Global X NASDAQ 100® Risk Managed Income ETF
   
(340,746
)
   
(288,606
)
   
215,631
     
262,240
 
Global X NASDAQ 100® Collar 95-110 ETF
   
(36,869
)
   
(54,880
)
   
111,895
     
130,540
 


5. 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, 2021. Accordingly, the 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, 2021.





377


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


5. TAX INFORMATION (continued)
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 tax character of dividends and distributions declared during the years or periods ended October 31, 2021 and October 31, 2020 were as follows:

Global X Funds
 
Ordinary Income
   
Long-Term Capital Gain
   
Return of Capital
   
Totals
 
Global X Social Media ETF
                       
2021
 
$
   
$
   
$
   
$
 
2020
   
     
     
     
 
Global X Lithium & Battery Tech ETF
                               
2021
 
$
4,617,167
   
$
   
$
   
$
4,617,167
 
2020
   
7,964,116
     
     
     
7,964,116
 
Global X E-commerce ETF
                               
2021
 
$
1,105,636
   
$
   
$
   
$
1,105,636
 
2020
   
11,908
     
     
     
11,908
 
Global X Emerging Markets Internet & E-commerce ETF
                               
2021
 
$
   
$
   
$
   
$
 
Global X SuperDividend® ETF
                               
2021
 
$
65,648,210
   
$
   
$
   
$
65,648,210
 
2020
   
57,676,007
     
     
6,836,903
     
64,512,910
 
Global X SuperDividend® U.S. ETF
                               
2021
 
$
31,364,614
   
$
   
$
3,660,741
   
$
35,025,355
 
2020
   
28,896,892
     
     
9,790,983
     
38,687,875
 
Global X MSCI SuperDividend® EAFE ETF
                               
2021
 
$
542,165
   
$
   
$
   
$
542,165
 
2020
   
454,057
     
     
119,148
     
573,205
 
Global X MSCI SuperDividend® Emerging Markets ETF
                               
2021
 
$
2,831,439
   
$
   
$
   
$
2,831,439
 
2020
   
1,074,084
     
     
222,316
     
1,296,400
 
Global X SuperDividend® REIT ETF
                               
2021
 
$
21,690,155
   
$
   
$
9,729,725
   
$
31,419,880
 
2020
   
17,057,314
     
482,944
     
2,127,168
     
19,667,426
 
Global X NASDAQ 100® Covered Call ETF
                               
2021
 
$
320,053,733
   
$
   
$
   
$
320,053,733
 
2020
   
2,834,579
     
     
117,268,361
     
120,102,940
 
Global X S&P 500® Covered Call ETF
                               
2021
 
$
26,627,258
   
$
   
$
   
$
26,627,258
 
2020
   
1,539,799
     
     
7,321,411
     
8,861,210
 







378


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


5. TAX INFORMATION (continued)
Global X Funds
 
Ordinary Income
   
Long-Term Capital Gain
   
Return of Capital
   
Totals
 
Global X Russell 2000 Covered Call ETF
                       
2021
 
$
21,788,088
   
$
   
$
   
$
21,788,088
 
2020
   
82,683
     
74,655
     
1,449,526
     
1,606,864
 
Global X Nasdaq 100® Covered Call & Growth ETF
                               
2021
 
$
919,727
   
$
   
$
   
$
919,727
 
2020
   
     
     
20,955
     
20,955
 
Global X S&P 500® Covered Call & Growth ETF
                               
2021
 
$
376,497
   
$
   
$
   
$
376,497
 
2020
   
2,931
     
     
16,682
     
19,613
 
Global X SuperIncome™ Preferred ETF
                               
2021
 
$
12,037,890
   
$
   
$
   
$
12,037,890
 
2020
   
10,818,268
     
     
549,532
     
11,367,800
 
Global X Renewable Energy Producers ETF
                               
2021
 
$
1,677,449
   
$
177,538
   
$
   
$
1,854,987
 
2020
   
1,352,385
     
     
     
1,352,385
 
Global X S&P 500® Catholic Values ETF
                               
2021
 
$
5,511,704
   
$
   
$
   
$
5,511,704
 
2020
   
4,513,893
     
128,757
     
     
4,642,650
 
Global X S&P Catholic Values Developed ex-U.S. ETF
                               
2021
 
$
59,322
   
$
   
$
   
$
59,322
 
2020
   
     
     
     
 
Global X Guru® Index ETF
                               
2021
 
$
1,352,859
   
$
   
$
   
$
1,352,859
 
2020
   
538,248
     
     
28,732
     
566,980
 
Global X S&P 500® Tail Risk ETF
                               
2021
 
$
   
$
   
$
   
$
 
Global X S&P 500® Risk Managed Income ETF
                               
2021
 
$
51,640
   
$
   
$
   
$
51,640
 
Global X S&P 500® Collar 95-110 ETF
                               
2021
 
$
   
$
   
$
   
$
 
Global X NASDAQ 100® Tail Risk ETF
                               
2021
 
$
   
$
   
$
   
$
 
Global X NASDAQ 100® Risk Managed Income ETF
                               
2021
 
$
   
$
   
$
52,273
   
$
52,273
 
Global X NASDAQ 100® Collar 95-110 ETF
                               
2021
 
$
   
$
   
$
   
$
 







379


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


5. TAX INFORMATION (continued)
   
Global X Funds
 
   
Global X Social Media ETF
   
Global X Lithium & Battery Tech ETF
   
Global X E-commerce ETF
   
Global X Emerging Markets Internet & E-commerce ETF
 
Undistributed Ordinary Income
 
$
   
$
9,202,844
   
$
   
$
 
Undistributed Long-Term Capital Gain
   
     
     
613,980
     
 
Capital Loss Carryforwards
   
(28,132,536
)
   
(63,831,937
)
   
     
(198,274
)
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency
   
(1,417,828
)
   
1,737,482,168
     
(14,138,587
)
   
(1,464,448
)
Late Year Loss Deferral
   
(1,697,484
)
   
     
(138,055
)
   
(25,979
)
Other Temporary Differences
   
1
     
(7
)
   
(1
)
   
(5
)
Total Distributable Earnings (Accumulated Losses)
 
$
(31,247,847
)
 
$
1,682,853,068
   
$
(13,662,663
)
 
$
(1,688,706
)


   
Global X Funds
 
   
Global X SuperDividend® ETF
   
Global X SuperDividend® U.S. ETF
   
Global X MSCI SuperDividend® EAFE ETF
   
Global X MSCI SuperDividend® Emerging Markets ETF
 
Undistributed Ordinary Income
 
$
9,620,906
   
$
   
$
113,120
   
$
1,051,269
 
Capital Loss Carryforwards
   
(539,182,806
)
   
(185,337,870
)
   
(1,391,460
)
   
(6,225,122
)
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency
   
(14,921,184
)
   
90,841,482
     
364,649
     
(3,219,585
)
Other Temporary Differences
   
(18
)
   
6
     
(3
)
   
(2
)
Total Accumulated Losses
 
$
(544,483,102
)
 
$
(94,496,382
)
 
$
(913,694
)
 
$
(8,393,440
)


   
Global X Funds
 
   
Global X SuperDividend® REIT ETF(1)
   
Global X NASDAQ 100® Covered Call ETF
   
Global X S&P 500® Covered Call ETF
   
Global X Russell 2000 Covered Call ETF
 
Undistributed Ordinary Income
 
$
   
$
131,295,980
   
$
2,004,805
   
$
9,982,417
 
Capital Loss Carryforwards
   
(200,308,013
)
   
     
     
 
Unrealized Depreciation on Investments and Foreign Currency
   
(28,695,167
)
   
     
     
 
Other Temporary Differences
   
(2,376,001
)
   
7
     
5,381
     
6
 
Total Distributable Earnings (Accumulated Losses)
 
$
(231,379,181
)
 
$
131,295,987
   
$
2,010,186
   
$
9,982,423
 


(1)
The  Global X SuperDividend® REIT ETF has a tax year that ends on December 31.






380


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


5. TAX INFORMATION (continued)
   
Global X Funds
 
   
Global X Nasdaq 100® Covered Call & Growth ETF
   
Global X S&P 500® Covered Call & Growth ETF
   
Global X SuperIncome™ Preferred ETF
   
Global X Renewable Energy Producers ETF
 
Undistributed Ordinary Income
 
$
2,838,227
   
$
1,299,834
   
$
457,430
   
$
465,503
 
Undistributed Long-Term Capital Gain
   
     
2,570
     
     
 
Capital Loss Carryforwards
   
     
     
(58,846,382
)
   
(2,081,509
)
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency
   
     
     
5,619,780
     
(511,888
)
Other Temporary Differences
   
(1
)
   
     
3
     
5
 
Total Distributable Earnings (Accumulated Losses)
 
$
2,838,226
   
$
1,302,404
   
$
(52,769,169
)
 
$
(2,127,889
)


   
Global X Funds
 
   
Global X S&P 500® Catholic Values ETF
   
Global X S&P Catholic Values Developed ex-U.S. ETF
   
Global X Guru® Index ETF
 
Undistributed Ordinary Income
 
$
2,153,515
   
$
87,737
   
$
4,425
 
Undistributed Long-Term Capital Gain
   
863,038
     
15,110
     
 
Capital Loss Carryforwards
   
     
     
(5,779,354
)
Unrealized Appreciation on Investments and Foreign Currency
   
175,044,230
     
685,321
     
6,895,905
 
Other Temporary Differences
   
4
     
2
     
(559
)
Total Distributable Earnings
 
$
178,060,787
   
$
788,170
   
$
1,120,417
 


   
Global X Funds
 
   
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
 
Undistributed Ordinary Income
 
$
73,485
   
$
36,462
   
$
50,940
 
Undistributed Long-Term Capital Gain
   
4,518
     
     
334
 
Other Temporary Differences
   
     
1
     
1
 
Total Distributable Earnings
 
$
78,003
   
$
36,463
   
$
51,275
 






381


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


5. TAX INFORMATION (continued)
   
Global X Funds
 
   
Global X NASDAQ 100® Tail Risk ETF
   
Global X NASDAQ 100® Risk Managed Income ETF
   
Global X NASDAQ 100® Collar 95-110 ETF
 
Undistributed Ordinary Income
 
$
63,330
   
$
   
$
51,836
 
Undistributed Long-Term Capital Gain
   
     
     
2,343
 
Capital Loss Carryforwards
   
     
(5,450
)
   
 
Late Year Loss Deferral
   
     
(940
)
   
 
Other Temporary Differences
   
     
     
2
 
Total Distributable Earnings (Accumulated Losses)
 
$
63,330
   
$
(6,390
)
 
$
54,181
 


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 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 Social Media ETF
 
$
10,937,731
   
$
17,194,805
   
$
28,132,536
 
Global X Lithium & Battery Tech ETF
   
     
63,831,937
     
63,831,937
 
Global X Emerging Markets Internet & E-commerce ETF
   
198,274
     
     
198,274
 
Global X SuperDividend® ETF
   
196,838,358
     
342,344,448
     
539,182,806
 
Global X SuperDividend® U.S. ETF
   
135,731,524
     
49,606,346
     
185,337,870
 
Global X MSCI SuperDividend® EAFE ETF
   
     
1,391,460
     
1,391,460
 
Global X MSCI SuperDividend® Emerging Markets ETF
   
3,110,894
     
3,114,228
     
6,225,122
 
Global X SuperDividend® REIT ETF
   
157,576,754
     
42,731,259
     
200,308,013
 
Global X SuperIncome™ Preferred ETF
   
14,218,863
     
44,627,519
     
58,846,382
 
Global X Renewable Energy Producers ETF
   
405,177
     
1,676,332
     
2,081,509
 
Global X Guru® Index ETF
   
5,779,354
     
     
5,779,354
 
Global X NASDAQ 100® Risk Managed Income ETF
   
2,180
     
3,270
     
5,450
 






382


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


5. TAX INFORMATION (continued)
During the year ended October 31, 2021, the following Funds utilized capital loss carryforwards to offset capital gains amounting to:
   
Short-Term Loss
   
Long-Term Loss
   
Total
 
Global X Social Media ETF
 
$
   
$
3,339,255
   
$
3,339,255
 
Global X Lithium & Battery Tech ETF
   
26,035,129
     
64,776,767
     
90,811,896
 
Global X SuperDividend® ETF
   
48,915,810
     
14,853,324
     
63,769,134
 
Global X SuperDividend® U.S. ETF
   
32,460,722
     
2,349,841
     
34,810,563
 
Global X MSCI SuperDividend® EAFE ETF
   
817,164
     
352,232
     
1,169,396
 
Global X MSCI SuperDividend® Emerging Markets ETF
   
1,160,861
     
414,784
     
1,575,645
 
Global X NASDAQ 100® Covered Call ETF
   
16,425,608
     
24,638,412
     
41,064,020
 
Global X S&P 500® Covered Call ETF
   
13,227,988
     
19,848,520
     
33,076,508
 
Global X Russell 2000 Covered Call ETF
   
566,196
     
801,805
     
1,368,001
 
Global X Nasdaq 100® Covered Call & Growth ETF
   
45,654
     
68,481
     
114,135
 
Global X S&P 500® Covered Call & Growth ETF
   
28,095
     
42,122
     
70,217
 
Global X SuperIncome™ Preferred ETF
   
4,008,352
     
1,656,031
     
5,664,383
 
Global X S&P 500® Catholic Values ETF
   
     
205,691
     
205,691
 
Global X S&P Catholic Values Developed ex-U.S. ETF
   
3,244
     
     
3,244
 
Global X Guru® Index ETF
   
10,813,764
     
     
10,813,764
 


The Federal tax cost and aggregate gross unrealized appreciation and depreciation on investments held by the Funds at April 30, 2022 were as follows:
Global X Funds
 
Federal Tax Cost
   
Aggregated Gross Unrealized Appreciation
   
Aggregated Gross Unrealized Depreciation
   
Net Unrealized Appreciation (Depreciation)
 
Global X Social Media ETF
 
$
329,596,897
   
$
15,803,956
   
$
(124,983,848
)
 
$
(109,179,892
)
Global X Lithium & Battery Tech ETF
   
4,260,114,378
     
682,062,914
     
(512,063,988
)
   
169,998,926
 
Global X Disruptive Materials ETF
   
5,562,067
     
31,920
     
(629,199
)
   
(597,279
)
Global X E-commerce ETF
   
156,153,099
     
1,191,918
     
(72,979,353
)
   
(71,787,435
)
Global X Emerging Markets Internet & E-commerce ETF
   
5,010,288
     
6,522
     
(2,393,227
)
   
(2,386,705
)
Global X SuperDividend® ETF
   
1,015,347,469
     
39,449,410
     
(164,680,667
)
   
(125,231,257
)
Global X SuperDividend® U.S. ETF
   
664,510,944
     
93,197,198
     
(41,990,945
)
   
51,206,253
 
Global X MSCI SuperDividend® EAFE ETF
   
11,268,916
     
739,171
     
(895,084
)
   
(155,913
)
Global X MSCI SuperDividend® Emerging Markets ETF
   
78,209,437
     
9,929,964
     
(15,276,996
)
   
(5,347,032
)
Global X SuperDividend® REIT ETF
   
391,657,826
     
14,086,982
     
(28,050,953
)
   
(13,963,971
)
Global X NASDAQ 100® Covered Call ETF
   
6,928,281,396
     
589,003,591
     
(608,063,905
)
   
(19,060,314
)
Global X S&P 500® Covered Call ETF
   
1,593,418,648
     
54,767,208
     
(115,277,615
)
   
(60,510,407
)
Global X Russell 2000 Covered Call ETF
   
1,347,753,022
     
3,214,750
     
(66,718,949
)
   
(63,504,199
)
Global X Dow 30® Covered Call ETF
   
12,154,435
     
101,694
     
(497,786
)
   
(396,092
)
Global X Nasdaq 100® Covered Call & Growth ETF
   
70,136,815
     
702,640
     
(10,637,378
)
   
(9,934,738
)
Global X S&P 500® Covered Call & Growth ETF
   
38,494,497
     
1,362,148
     
(4,554,921
)
   
(3,192,773
)






383


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


5. TAX INFORMATION (continued)
Global X Funds
 
Federal Tax Cost
   
Aggregated Gross Unrealized Appreciation
   
Aggregated Gross Unrealized Depreciation
   
Net Unrealized Appreciation (Depreciation)
 
Global X SuperIncome™ Preferred ETF
 
$
219,465,221
   
$
3,615,348
   
$
(16,504,957
)
 
$
(12,889,609
)
Global X Renewable Energy Producers ETF
   
136,468,742
     
10,689,611
     
(27,549,294
)
   
(16,859,683
)
Global X S&P 500® Catholic Values ETF
   
495,290,207
     
114,499,174
     
(17,153,745
)
   
97,345,429
 
Global X S&P Catholic Values Developed ex-U.S. ETF
   
6,428,454
     
329,700
     
(513,878
)
   
(184,178
)
Global X Guru® Index ETF
   
63,355,648
     
3,484,771
     
(11,936,685
)
   
(8,451,914
)
Global X S&P 500® Tail Risk ETF
   
3,296,602
     
171,351
     
(411,132
)
   
(239,781
)
Global X S&P 500® Risk Managed Income ETF
   
23,729,186
     
645,133
     
(2,765,304
)
   
(2,120,171
)
Global X S&P 500® Collar 95-110 ETF
   
4,021,222
     
169,790
     
(452,907
)
   
(283,117
)
Global X NASDAQ 100® Tail Risk ETF
   
2,424,642
     
26,321
     
(471,986
)
   
(445,665
)
Global X NASDAQ 100® Risk Managed Income ETF
   
14,567,429
     
93,635
     
(2,915,215
)
   
(2,821,580
)
Global X NASDAQ 100® Collar 95-110 ETF
   
4,467,183
     
62,297
     
(763,117
)
   
(700,820
)


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 and wash sales.
6. 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 countries are less liquid, subject to greater price volatility, and have a smaller market capitalization than those of 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 country issuers may not reflect their financial position or results of operations in the same manner as financial statements for U.S. issuers. Substantially less information may be publicly available about emerging 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 or 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.






384


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


6. CONCENTRATION OF RISKS (continued)
Except for the Global X Russell 2000® Covered Call, which uses 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).
The elimination of the London Inter-Bank Offered Rate (“LIBOR”) may adversely affect the interest rates on, and value of, certain Fund investments for which the value is tied to LIBOR. The U.K. Financial Conduct Authority has announced that it intends to stop compelling or inducing banks to submit LIBOR rates after 2021. On March 5, 2021, the administrator of LIBOR clarified that the publication of LIBOR on a representative basis will cease for the one-week and two-month U.S. dollar LIBOR settings immediately after December 31, 2021, and for the remaining U.S. dollar LIBOR settings immediately after June 30, 2023. Alternatives to LIBOR are established or in development in most major currencies, including the Secured Overnight Financing Rate (“SOFR”), which is intended to replace U.S. dollar LIBOR. Markets are slowly developing in response to these new rates. Questions regarding the impact of this transition remain a concern for the Fund. Accordingly, it is difficult to predict the full impact of the transition away from LIBOR on the Funds until new reference rates and fallbacks for both legacy and new products, instruments and contracts are commercially accepted. Please refer to each Fund’s prospectus and statement of additional information (“SAI”) for a more complete description of risks.
7. 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 a securities lending agreement with BBH 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





385


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


7. LOANS OF PORTFOLIO SECURITIES (continued)
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.
Lending securities entails a risk of loss to the Funds if and to the extent that the market value of the securities loans were to increase and the borrower did not increase the collateral accordingly, and the borrower failed to return the securities. In the event the borrower may not provide additional collateral when required or may not return the securities when due, the securities lending agency agreement requires the lending agent to indemnify the Funds by replacing either the security or the security’s current market value to the Funds. The Funds could suffer a loss if the value of an investment purchased with cash collateral falls below the market value of loaned securities or if the value of an investment purchased with cash collateral falls below the value of the original cash collateral received. The Funds could also experience delays and costs in gaining access to the collateral. The Funds bear the risk of any deficiency in the amount of the collateral available for return to the borrower due to any loss on the collateral invested.
As of April 30, 2022, the following Funds had securities on loan, by counterparty:
   
Market Value
   
Cash Collateral
 
Global X Social Media ETF
           
BofA Securities, Inc.
 
$
3,624,052
   
$
3,438,317
(1) 
Citigroup
   
514,044
     
478,371
(1) 
Morgan Stanley
   
497,437
     
511,266
 
SG Americas Securities LLC
   
1,814
     
1,930
 
Total
 
$
4,637,347
   
$
4,429,884
 
Global X Lithium & Battery Tech ETF
               
Barclays Capital
 
$
4,682,752
   
$
5,007,440
 
BMO Capital Markets
   
473,112
     
495,767
 
BNP Paribas Securities Corp
   
13,368,432
     
13,951,825
 
BofA Securities, Inc.
   
35,380,996
     
37,605,129
 
Citigroup
   
33,294,142
     
34,673,694
 
Credit Suisse
   
3,836,354
     
4,001,251
 
Goldman Sachs & Co.
   
26,916,481
     
27,778,357
 
JPMorgan
   
14,099,002
     
14,874,800
 
Morgan Stanley
   
16,494,926
     
17,650,272
 
Scotia Capital
   
7,579,935
     
7,904,266
 
SG Americas Securities LLC
   
788,918
     
1,047,296
 
UBS Securities LLC
   
9,739,518
     
10,174,500
 
Total
 
$
166,654,568
   
$
175,164,597
 






386


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


7. LOANS OF PORTFOLIO SECURITIES (continued)
   
Market Value
   
Cash Collateral
 
Global X E-commerce ETF
           
Barclays Capital
 
$
100,150
   
$
104,859
 
BNP Paribas Securities Corp
   
231,173
     
242,535
 
BofA Securities, Inc.
   
463,130
     
507,929
 
Citigroup
   
233,892
     
263,194
 
Credit Suisse
   
193,434
     
217,257
 
Goldman Sachs & Co.
   
100,022
     
110,578
 
Morgan Stanley
   
398,004
     
422,280
 
UBS Securities LLC
   
333,581
     
764,702
 
Total
 
$
2,053,386
   
$
2,633,334
 
Global X SuperDividend® ETF
               
Barclays Capital
 
$
10,309,646
   
$
12,491,346
 
BNP Paribas Securities Corp
   
3,263,722
     
3,463,200
 
BofA Securities, Inc.
   
79,975
     
85,000
 
Citigroup
   
10,104,183
     
10,286,036
(1) 
Goldman Sachs & Co.
   
12,998,541
     
14,295,770
 
JPMorgan
   
2,268,925
     
2,516,932
 
Morgan Stanley
   
22,112,473
     
24,345,849
 
National Financial Services
   
207,889
     
255,812
 
Scotia Capital
   
284,012
     
362,000
 
UBS Securities LLC
   
2,357,075
     
2,496,115
 
Total
 
$
63,986,441
   
$
70,598,060
 
Global X SuperDividend® U.S. ETF
               
BMO Capital Markets
 
$
2,213,065
   
$
2,305,380
 
BofA Securities, Inc.
   
6,568,861
     
7,048,778
 
Goldman Sachs & Co.
   
4,513,298
     
4,754,218
 
JPMorgan
   
201,116
     
212,350
 
Morgan Stanley
   
7,555,028
     
8,238,430
 
Total
 
$
21,051,368
   
$
22,559,156
 
Global X SuperDividend® REIT ETF
               
Goldman Sachs & Co.
 
$
834,259
   
$
866,497
 
JPMorgan
   
3,924,414
     
4,110,600
 
Nomura Securities
   
1,658,777
     
1,756,800
 
Scotia Capital
   
2,856,207
     
3,024,990
 
UBS Securities LLC
   
4,662,462
     
4,852,740
 
Total
 
$
13,936,119
   
$
14,611,627
 







387


 
Notes to Financial Statements (Continued)
 
 
April 30, 2022 (Unaudited)
 


7. LOANS OF PORTFOLIO SECURITIES (continued)
   
Market Value
   
Cash Collateral
 
Global X SuperIncome™ Preferred ETF
           
BNP Paribas Securities Corp
 
$
2,175,117
   
$
2,220,696
(1) 
Wells Fargo
   
132,192
     
137,700
 
Total
 
$
2,307,309
   
$
2,358,396
 
Global X Renewable Energy Producers ETF
               
Barclays Capital
 
$
257,115
   
$
256,200
(1) 
BNP Paribas Securities Corp
   
65,667
     
69,915
 
BofA Securities, Inc.
   
490,364
     
512,504
 
Total
 
$
813,146
   
$
838,619
 
Global X Guru® Index ETF
               
Citigroup
 
$
781,060
   
$
786,714
(1) 
JPMorgan
   
446,164
     
429,550
(1) 
Total
 
$
1,227,224
   
$
1,216,264
 


(1)
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.


8. CONTRACTUAL OBLIGATIONS
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 (the “Trustees”) and the Trust’s officers are indemnified against certain liabilities that may arise out of the performance of their duties.





388


 
Notes to Financial Statements (Concluded)
 
 
April 30, 2022 (Unaudited)
 


9. REGULATORY MATTERS
In December 2020, the SEC adopted a new rule providing a framework for fund valuation practices (“Rule 2a-5”). Rule 2a-5 establishes requirements for determining fair value in good faith for purposes of the 1940 Act. Rule 2a-5 will permit fund boards to designate certain parties to perform fair value determinations, subject to board oversight and certain other conditions. Rule 2a-5 also defines when market quotations are “readily available” for purposes of the 1940 Act and the threshold for determining whether a fund must fair value a security. In connection with Rule 2a-5, the SEC also adopted a related recordkeeping rule, (together with Rule 2a-5, the “Rules”) and is rescinding previously issued guidance, including with respect to the role of a board in determining fair value and the accounting and auditing of fund investments. The Funds will be required to comply with the Rules by September 8, 2022. Management is currently assessing the potential impact of the new Rules on the Funds’ financial statements.
10. SUBSEQUENT EVENTS
The Funds have been evaluated by management regarding the need for additional disclosures and/or adjustments resulting from subsequent events. Based on this evaluation, no additional adjustments were required to the financial statements.





389


 
Disclosure of Fund Expenses (Unaudited)
 
     


All 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, commissions, 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 their 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 (November 1, 2021 through April 30, 2022).
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 the 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.





390


 
Disclosure of Fund Expenses (Unaudited)
 
     


   
Beginning Account Value 11/1/2021
   
Ending Account Value 4/30/2022
   
Annualized Expense Ratios
   
Expenses Paid During Period(1)
 
Global X Social Media ETF
                       
Actual Fund Return
 
$
1,000.00
   
$
626.20
     
0.65
%
 
$
2.62
 
Hypothetical 5% Return
   
1,000.00
     
1,021.57
     
0.65
     
3.26
 
                                 
Global X Lithium & Battery Tech ETF
                               
Actual Fund Return
 
$
1,000.00
   
$
730.90
     
0.75
%
 
$
3.22
 
Hypothetical 5% Return
   
1,000.00
     
1,021.08
     
0.75
     
3.76
 
                                 
Global X Disruptive Materials ETF
                               
Actual Fund Return
 
$
1,000.00
   
$
952.40
     
0.59
%
 
$
1.19
(2) 
Hypothetical 5% Return
   
1,000.00
     
1.51
     
0.59
     
1.56
 
                                 
Global X E-commerce ETF
                               
Actual Fund Return
 
$
1,000.00
   
$
629.40
     
0.50
%
 
$
2.02
 
Hypothetical 5% Return
   
1,000.00
     
1,022.32
     
0.50
     
2.51
 
                                 
Global X Emerging Markets Internet & E-commerce ETF
                               
Actual Fund Return
 
$
1,000.00
   
$
608.80
     
0.65
%
 
$
2.59
 
Hypothetical 5% Return
   
1,000.00
     
1,021.57
     
0.65
     
3.26
 
                                 
Global X SuperDividend® ETF
                               
Actual Fund Return
 
$
1,000.00
   
$
862.80
     
0.58
%
 
$
2.68
 
Hypothetical 5% Return
   
1,000.00
     
1,021.92
     
0.58
     
2.91
 
                                 
Global X SuperDividend® U.S. ETF
                               
Actual Fund Return
 
$
1,000.00
   
$
1,035.00
     
0.45
%
 
$
2.27
 
Hypothetical 5% Return
   
1,000.00
     
1,022.56
     
0.45
     
2.26
 
                                 
Global X MSCI SuperDividend® EAFE ETF
                               
Actual Fund Return
 
$
1,000.00
   
$
985.00
     
0.55
%
 
$
2.71
 
Hypothetical 5% Return
   
1,000.00
     
1,022.07
     
0.55
     
2.76
 
                                 
Global X MSCI SuperDividend® Emerging Markets ETF
                               
Actual Fund Return
 
$
1,000.00
   
$
891.10
     
0.65
%
 
$
3.05
 
Hypothetical 5% Return
   
1,000.00
     
1,021.57
     
0.65
     
3.26
 
                                 
Global X SuperDividend® REIT ETF
                               
Actual Fund Return
 
$
1,000.00
   
$
919.30
     
0.58
%
 
$
2.76
 
Hypothetical 5% Return
   
1,000.00
     
1,021.92
     
0.58
     
2.91
 
                                 
Global X NASDAQ 100® Covered Call ETF
                               
Actual Fund Return
 
$
1,000.00
   
$
908.20
     
0.60
%
 
$
2.84
 
Hypothetical 5% Return
   
1,000.00
     
1,021.82
     
0.60
     
3.01
 






391


 
Disclosure of Fund Expenses (Unaudited)
 
     


   
Beginning Account Value 11/1/2021
   
Ending Account Value 4/30/2022
   
Annualized Expense Ratios
   
Expenses Paid During Period(1)
 
Global X S&P 500® Covered Call ETF
                       
Actual Fund Return
 
$
1,000.00
   
$
978.10
     
0.60
%
 
$
2.94
 
Hypothetical 5% Return
   
1,000.00
     
1,021.82
     
0.60
     
3.01
 
                                 
Global X Russell 2000 Covered Call ETF
                               
Actual Fund Return
 
$
1,000.00
   
$
934.90
     
0.50
%
 
$
2.40
 
Hypothetical 5% Return
   
1,000.00
     
1,022.32
     
0.50
     
2.51
 
                                 
Global X Dow 30® Covered Call ETF
                               
Actual Fund Return
 
$
1,000.00
   
$
1,025.80
     
0.60
%
 
$
1.10
(3) 
Hypothetical 5% Return
   
1,000.00
     
1,007.96
     
0.60
     
1.09
 
                                 
Global X Nasdaq 100® Covered Call & Growth ETF
                               
Actual Fund Return
 
$
1,000.00
   
$
858.20
     
0.60
%
 
$
2.76
 
Hypothetical 5% Return
   
1,000.00
     
1,021.82
     
0.60
     
3.01
 
                                 
Global X S&P 500® Covered Call & Growth ETF
                               
Actual Fund Return
 
$
1,000.00
   
$
940.90
     
0.60
%
 
$
2.89
 
Hypothetical 5% Return
   
1,000.00
     
1,021.82
     
0.60
     
3.01
 
                                 
Global X SuperIncome™ Preferred ETF
                               
Actual Fund Return
 
$
1,000.00
   
$
925.70
     
0.58
%
 
$
2.77
 
Hypothetical 5% Return
   
1,000.00
     
1,021.92
     
0.58
     
2.91
 
                                 
Global X Renewable Energy Producers ETF
                               
Actual Fund Return
 
$
1,000.00
   
$
894.60
     
0.65
%
 
$
3.05
 
Hypothetical 5% Return
   
1,000.00
     
1,021.57
     
0.65
     
3.26
 
                                 
Global X S&P 500® Catholic Values ETF
                               
Actual Fund Return
 
$
1,000.00
   
$
889.60
     
0.29
%
 
$
1.36
 
Hypothetical 5% Return
   
1,000.00
     
1,023.36
     
0.29
     
1.45
 
                                 
Global X S&P Catholic Values Developed ex-U.S. ETF
                               
Actual Fund Return
 
$
1,000.00
   
$
849.70
     
0.35
%
 
$
1.61
 
Hypothetical 5% Return
   
1,000.00
     
1,023.06
     
0.35
     
1.76
 
                                 
Global X Guru® Index ETF
                               
Actual Fund Return
 
$
1,000.00
   
$
738.10
     
0.75
%
 
$
3.23
 
Hypothetical 5% Return
   
1,000.00
     
1,021.08
     
0.75
     
3.76
 
                                 
Global X S&P 500® Tail Risk ETF
                               
Actual Fund Return
 
$
1,000.00
   
$
892.90
     
0.60
%
 
$
2.82
 
Hypothetical 5% Return
   
1,000.00
     
1,021.82
     
0.60
     
3.01
 






392


 
Disclosure of Fund Expenses (Unaudited)
 
     


   
Beginning Account Value 11/1/2021
   
Ending Account Value 4/30/2022
   
Annualized Expense Ratios
   
Expenses Paid During Period(1)
 
Global X S&P 500® Risk Managed Income ETF
                       
Actual Fund Return
 
$
1,000.00
   
$
955.10
     
0.60
%
 
$
2.91
 
Hypothetical 5% Return
   
1,000.00
     
1,021.82
     
0.60
     
3.01
 
                                 
Global X S&P 500® Collar 95-110 ETF
                               
Actual Fund Return
 
$
1,000.00
   
$
903.80
     
0.60
%
 
$
2.83
 
Hypothetical 5% Return
   
1,000.00
     
1,021.82
     
0.60
     
3.01
 
                                 
Global X NASDAQ 100® Tail Risk ETF
                               
Actual Fund Return
 
$
1,000.00
   
$
822.80
     
0.60
%
 
$
2.71
 
Hypothetical 5% Return
   
1,000.00
     
1,021.82
     
0.60
     
3.01
 
                                 
Global X NASDAQ 100® Risk Managed Income ETF
                               
Actual Fund Return
 
$
1,000.00
   
$
900.00
     
0.60
%
 
$
2.87
 
Hypothetical 5% Return
   
1,000.00
     
1,021.77
     
0.60
     
3.06
 
                                 
Global X NASDAQ 100® Collar 95-110 ETF
                               
Actual Fund Return
 
$
1,000.00
   
$
885.80
     
0.60
%
 
$
2.81
 
Hypothetical 5% Return
   
1,000.00
     
1,021.82
     
0.60
     
3.01
 


(1)
Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied 181/365 (to reflect the one-half year period), unless otherwise noted.
(2)
Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied 96/365 (to reflect the one-half year period), unless otherwise note.
(3)
Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied 66/365 (to reflect the one-half year period), unless otherwise note.






393


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 by videoconference on November 12, 20211 (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 (the “New Investment Advisory Agreement”) for the Global X Dow 30® Covered Call ETF(the “New Fund”) and (ii) the initial Supervision and Administration Agreement between the Trust (the “New Supervision and Administration Agreement”), on behalf of the New Fund, and Global X Management Company LLC (“Global X Management”). The New Investment Advisory Agreement and New Supervision and Administration Agreement are referred to collectively as the “New Fund Agreements.”
At a Board meeting of the Trust held via videoconference November 12, 20211, called for such purpose, the Board (including the Trust’s Independent Trustees, voting separately) considered and unanimously approved the continuation of (i) the Investment Advisory Agreement (“Renewal Investment Advisory Agreement”) for each Fund included in this Annual Report (each, a “Renewal Fund”); and (ii) the Supervision and Administration Agreement between the Trust (“Renewal Supervision and Administration Agreement”), on behalf of each Renewal Fund, and Global X Management. The Renewal Investment Advisory Agreement and the Renewal Supervision and Administration Agreement are referred to herein as the “Renewal Agreements.”
In advance of the Board meetings, 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 Renewal Agreements and 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 Renewal Agreements and 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.


1
This meeting was held via videoconference in reliance on an exemptive order issued by the Securities and Exchange Commission on March 25, 2020. Reliance on the exemptive order is necessary and appropriate due to circumstances related to current or potential effects of COVID-19. All Trustees participating in the videoconference meeting were able to hear each other simultaneously during the meeting. Reliance on the exemptive order requires Trustees, including a majority of the Independent Trustees, to ratify actions taken pursuant to the exemptive order by vote cast at the next in-person meeting.






394


Approval of Investment Advisory Agreement (Unaudited)
     


NEW FUND AGREEMENTS
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 Fund 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 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.





395


Approval of Investment Advisory Agreement (Unaudited)
     


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 respective New Fund Agreement for the various investment advisory, supervisory and administrative services that the New Fund require under a unitary fee structure (including the types of fees and 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 Board considered Global X Management’s detailed






396


Approval of Investment Advisory Agreement (Unaudited)
     


 
explanation of the proposed fee structures of any New Fund that was above the average or median for the New Fund’s peer group;
the structure of the unitary Management Fee (which includes as one component the investment advisory fee for the Renewal Funds) and the current total expense ratios for the Renewal Funds. In this regard, the Board took into consideration that the purpose of adopting a unitary Management Fee structure for the Renewal Funds 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 Renewal Funds and that the proposed Management Fees for the Renewal Funds were set at a competitive levels to make the Renewal Funds 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 Meetings, that the services to be received and the fees to be charged under the New Fund Agreements were reasonable on a comparative basis.
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 are attractive to investors; and






397


Approval of Investment Advisory Agreement (Unaudited)
     


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 each New Fund Agreement, 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.
RENEWAL AGREEMENTS
In determining to approve the continuation of the Renewal Agreements for the Renewal Funds, 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 Renewal Agreements and the range of services that would continue to be provided to each Renewal Fund in accordance with the Renewal Agreements;






398


Approval of Investment Advisory Agreement (Unaudited)
     


Global X Management’s key personnel and the portfolio managers who would continue to provide investment advisory, supervision and administrative services to each Renewal Fund;
Global X Management’s responsibilities under the Renewal Agreements, among other things, to: (i) manage the investment operations of the Renewal Funds and the composition of the Renewal Funds’ assets, including the purchase, retention and disposition of their holdings, (ii) provide quarterly reports to the Trust’s officers and the Board and other reports as the Board deems necessary or appropriate, (iii) vote proxies, exercise consents, and exercise all other rights relating to securities and assets held by the Renewal Funds, (iv) select broker-dealers to execute portfolio transactions for the Renewal Funds when necessary, (v) assist in the preparation and filing of reports and proxy statements (if any) to the shareholders of the Renewal Funds, and the periodic updating of the registration statement, prospectuses, statements of additional information, and other reports and documents for the Renewal Funds that are required to be filed by the Trust with the SEC and other regulatory and governmental bodies, and (vi) monitor anticipated purchases and redemptions of the shares (including Creation Units) of the Renewal Funds by shareholders and new investors;
the nature, extent and quality of all of the services (including advisory, administrative and compliance services) that have been provided by Global X Management or made available to the Renewal Funds; and
the quality of Global X Management’s resources and personnel that would continue to be made available to the Renewal Funds, including Global X Management’s experience and the professional qualifications of Global X Management’s key personnel.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Renewal Funds by Global X Management.





399


Approval of Investment Advisory Agreement (Unaudited)
     


Performance
The Board considered the performance of each Renewal Fund. They examined the performance of the Renewal Funds for the one-year, three-year, five-year and since-inception periods, as applicable. Also, the Board considered the total return and investments performance of the Renewal Funds relative to (i) the performance of unaffiliated comparable ETFs and/or other registered funds, which performance information is publicly available from such registered funds, as well as other third party sources; and (ii) the performance of pertinent indexes. The Board considered instances of under-performance and over-performance with respect to the competitor funds. The Board also considered the Renewal Funds’ tracking against their underlying indexes in absolute terms.
Based on these considerations and comparisons, the Board concluded that the investment performance of the Renewal Funds did not adversely affect the Board’s approval of the continuance of the Renewal Agreements.
Cost of Services and Profitability
The Board considered Global X Management’s cost to provide investment management, supervision and administrative and related services to the Renewal Funds. In this regard, the Board considered the management fee (“Management Fee”) that has been borne or is expected to be borne by the Renewal Funds under the Renewal Agreements for the various investment advisory, supervisory and administrative services that the Renewal Funds require under a unitary fee structure (including the types of fees and expenses that are not included within the unitary fee and would be borne by the Renewal Funds).
In addition, the Board considered expected profitability to Global X Management, as applicable, from all services provided or expected to be provided to the Renewal Funds and all aspects of Global X Management’s relationship with the Renewal Funds. In connection with these considerations, Global X Management provided the Board with financial information regarding its operations and the services provided to the Renewal Funds and discussed with the Board its current and expected, as applicable, profitability with respect to the Renewal Funds.
Based on these considerations, the Board concluded that the Management Fee rate paid by the Renewal Funds to Global X Management, in light of the nature, extent and quality of the services provided, was reasonable and in the best interests of the Renewal Funds’ shareholders.





400


Approval of Investment Advisory Agreement (Unaudited)
     


Comparison of Fees and Services
With respect to this factor, the Board considered:
comparative information with respect to the Management Fee paid to Global X Management by the Renewal Funds. In connection with this consideration, Global X Management provided the Board with comparative expense data for the Renewal Funds, including fees and expenses paid by unaffiliated similar specialized and/or focused ETFs and/or other comparable registered funds. The Board considered the Global X Management’s detailed explanation of the fee structures of any Renewal Fund that was above the average or median for its peer group;
the structure of the unitary Management Fee (which includes as one component the investment advisory fee for the Renewal Funds) and the current total expense ratios for the Renewal Funds. In this regard, the Board took into consideration that the purpose of adopting a unitary Management Fee structure for the Renewal Funds 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 Renewal Funds and that the proposed Management Fees for the Renewal Funds were set at a competitive levels to make the Renewal Funds viable in the marketplace; and

Based on these considerations, the Board concluded that the services received and the fees charged under the Renewal Agreements were reasonable on a comparative basis.
Economies of Scale
With respect to this factor, the Board considered:

the extent to which economies of scale would be realized as the Renewal Funds grow and whether the unitary Management Fee for the Renewal Funds reflected these economies of scale;
the significant investment of time, personnel and other resources that Global X Management has made and intends to continue to make in the Renewal Funds in order to seek to assure that the Renewal Funds are attractive to investors; and
that the unitary Management Fee would provide a high level of certainty as to the total level of expenses for the Renewal Funds and their shareholders.






401


Approval of Investment Advisory Agreement (Unaudited)
     


Based on these considerations, the Board concluded that the unitary Management Fee for the Renewal Funds appropriately addressed economies of scale.
Other Benefits
In considering the Renewal Agreements, in addition to the factors above, the Board considered any other benefits realized by Global X Management as a result of its relationships with the Renewal Funds and concluded that, in the exercise of the Board’s business judgement, all information the Board considered supported approval of the continuation of the Renewal Agreements.
Conclusion
After full consideration of the factors above, as well as other factors that were instructive in its consideration, the Board, including all of the Trust’s Independent Trustees voting separately, concluded, in the exercise of its business judgement, that the Renewal Agreements were fair and reasonable and in the best interest of each Renewal 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.








402


Supplemental Information (Unaudited)
     


NAV is the price per Share at which a Fund issues and redeems 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.  The 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








403


Notes
     

















404






605 Third Avenue, 43rd Floor
New York, NY 10158
1-888-493-8631
www.globalxetfs.com

Investment Adviser and Administrator:
   Global X Management Company LLC
605 Third 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 20006-1871

Custodian and Transfer Agent:
Brown Brothers Harriman & Co.
40 Water Street
Boston, MA 02109

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-SA-003-1100