Global
X Silver Miners ETF (ticker: SIL) |
Global
X Gold Explorers ETF (ticker: GOEX) |
Global
X Copper Miners ETF (ticker: COPX) |
Global
X Uranium ETF (ticker: URA) |
Table
of Contents |
Schedules of Investments |
|
Global X Silver Miners
ETF |
1 |
Global X Gold Explorers
ETF |
5 |
Global X Copper Miners
ETF |
10 |
Global X Uranium
ETF |
15 |
Statements of Assets and Liabilities |
20 |
Statements of Operations |
22 |
Statements of Changes in Net Assets |
24 |
Financial Highlights |
27 |
Notes to Financial Statements |
31 |
Disclosure of Fund Expenses |
47 |
Approval of Investment Advisory
Agreement |
49 |
Supplemental Information |
54 |
Schedule
of Investments |
April
30, 2022 (Unaudited) | |
Global
X Silver Miners ETF |
Shares |
Value |
|||||||
COMMON STOCK —
99.7% |
||||||||
AUSTRALIA — 1.1% |
||||||||
Materials — 1.1% |
||||||||
Azure Minerals *
(A) |
6,326,575 |
$ |
1,483,676 |
|||||
Kingsgate Consolidated *
(A) |
5,029,048 |
5,128,546 |
||||||
Silver Mines *
(A) |
29,503,878 |
5,032,072 |
||||||
TOTAL AUSTRALIA |
11,644,294 |
|||||||
BOSNIA AND HERZEGOVINA —
1.2% |
||||||||
Materials — 1.2% |
||||||||
Adriatic Metals, Cl CDI *
(A) |
7,048,936 |
12,673,618 |
||||||
BRAZIL — 23.5% |
||||||||
Materials — 23.5% |
||||||||
Wheaton Precious Metals |
5,384,544 |
241,550,644 |
||||||
CANADA — 45.1% |
||||||||
Materials — 45.1% |
||||||||
AbraSilver Resource *
(A) |
9,401,890 |
3,310,395 |
||||||
Aftermath Silver *
(A) |
1,615,380 |
347,584 |
||||||
Alexco Resource *
(A) |
4,093,178 |
4,461,564 |
||||||
Almaden Minerals * |
2,756,280 |
816,410 |
||||||
Americas Gold & Silver *
(A) |
4,555,708 |
4,063,618 |
||||||
Aurcana Silver * |
4,165,024 |
635,484 |
||||||
Aya Gold & Silver *
(A) |
2,438,431 |
15,339,764 |
||||||
Bear Creek Mining * |
2,907,274 |
2,706,980 |
||||||
Blackrock Silver * |
1,772,900 |
1,567,526 |
Schedule
of Investments |
April
30, 2022 (Unaudited) | |
Global
X Silver Miners ETF |
Shares |
Value |
|||||||
COMMON STOCK —
continued |
||||||||
Materials — continued |
||||||||
Discovery Silver *
(A) |
6,293,567 |
$ |
7,485,014 |
|||||
Endeavour Silver *
(A) |
4,750,075 |
18,002,784 |
||||||
First Majestic Silver (A) |
4,091,037 |
42,477,259 |
||||||
Fortuna Silver Mines *
(A) |
7,691,886 |
27,022,862 |
||||||
GoGold Resources *
(A) |
7,286,489 |
14,424,175 |
||||||
Great Panther Mining *
(A) |
11,265,896 |
2,365,838 |
||||||
IMPACT Silver *
(A) |
1,529,484 |
496,644 |
||||||
MAG Silver * |
2,325,913 |
34,468,755 |
||||||
McEwen Mining *
(A) |
10,279,878 |
6,889,574 |
||||||
New Pacific Metals *
(A) |
2,180,589 |
6,978,294 |
||||||
Pan American Silver |
4,676,952 |
115,848,101 |
||||||
Prime Mining *
(A) |
2,193,784 |
5,201,021 |
||||||
Silvercorp Metals (A) |
4,511,182 |
13,695,385 |
||||||
SilverCrest Metals * |
3,721,214 |
28,213,735 |
||||||
SSR Mining |
4,690,182 |
103,230,906 |
||||||
Vizsla Silver * |
2,484,922 |
4,005,273 |
||||||
TOTAL CANADA |
464,054,945 |
|||||||
MEXICO — 8.2% |
||||||||
Materials — 8.2% |
||||||||
Fresnillo |
4,927,469 |
47,969,359 |
||||||
Industrias Penoles |
3,312,388 |
36,471,407 |
||||||
TOTAL MEXICO |
84,440,766 |
|||||||
PERU — 7.4% |
||||||||
Materials — 7.4% |
||||||||
Cia
de Minas Buenaventura SAA ADR |
5,314,015 |
50,164,302 |
||||||
Hochschild Mining |
8,382,407 |
12,418,381 |
||||||
Volcan Cia Minera SAA * |
61,970,994 |
13,878,920 |
||||||
TOTAL PERU |
76,461,603 |
Schedule
of Investments |
April
30, 2022 (Unaudited) | |
Global
X Silver Miners ETF |
Shares |
Value |
|||||||
COMMON STOCK —
continued |
||||||||
RUSSIA — 0.5% |
||||||||
Materials — 0.5% |
||||||||
Polymetal International |
1,638,816 |
$ |
5,104,711 |
|||||
SOUTH KOREA — 5.2% |
||||||||
Materials — 5.2% |
||||||||
Korea Zinc |
117,360 |
53,821,146 |
||||||
UNITED KINGDOM —
0.1% |
||||||||
Materials — 0.1% |
||||||||
Aclara Resources *
(A) |
1,602,672 |
739,859 |
||||||
UNITED STATES —
7.4% |
||||||||
Materials — 7.4% |
||||||||
Coeur Mining * |
6,770,927 |
24,578,465 |
||||||
Gatos Silver * |
1,195,355 |
4,040,300 |
||||||
Gold Resource |
2,254,761 |
4,126,213 |
||||||
Golden Minerals *
(A) |
2,748,285 |
1,113,055 |
||||||
Hecla Mining |
8,136,409 |
42,390,691 |
||||||
TOTAL UNITED STATES |
76,248,724 |
|||||||
TOTAL COMMON STOCK |
||||||||
(Cost $1,121,672,283) |
1,026,740,310 |
|||||||
SHORT-TERM INVESTMENT(B)(C)
— 3.1% |
||||||||
Fidelity
Investments Money Market Government Portfolio, Cl Institutional,
0.160% |
||||||||
(Cost $31,572,426) |
31,572,426 |
31,572,426 |
Schedule
of Investments |
April
30, 2022 (Unaudited) | |
Global
X Silver Miners ETF |
Face
Amount |
Value |
|||||||
REPURCHASE AGREEMENT(B)
— 2.2% |
||||||||
BNP Paribas |
||||||||
0.240%, dated
04/29/2022, to be repurchased on 05/02/2022, repurchase price $22,628,757
(collateralized by various U.S. Treasury Obligations, ranging in par value
$1,802,088 - $2,423,032, 0.250%, 09/30/2025, with a total market value of
$23,066,725) |
||||||||
(Cost $22,628,304) |
$ |
22,628,304 |
$ |
22,628,304 |
||||
TOTAL INVESTMENTS — 105.0% |
||||||||
(Cost $1,175,873,013) |
$ |
1,080,941,040 |
* |
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 $46,662,041. |
(B) |
Security was purchased
with cash collateral held from securities on loan. The total value of such
securities as of April 30, 2022 was $54,200,730. |
(C) |
The rate reported on the
Schedule of Investments is the 7-day effective yield as of April 30,
2022. |
Investments
in Securities |
Level
1 |
Level
2 |
Level
3 |
Total |
||||||||||||
Common
Stock |
$ |
1,026,740,310 |
$ |
— |
$ |
— |
$ |
1,026,740,310 |
||||||||
Short-Term
Investment |
31,572,426 |
— |
— |
31,572,426 |
||||||||||||
Repurchase
Agreement |
— |
22,628,304 |
— |
22,628,304 |
||||||||||||
Total
Investments in Securities |
$ |
1,058,312,736 |
$ |
22,628,304 |
$ |
— |
$ |
1,080,941,040 |
Schedule
of Investments |
April
30, 2022 (Unaudited) | |
Global
X Gold Explorers ETF |
Shares |
Value |
|||||||
COMMON STOCK —
100.2% |
||||||||
AUSTRALIA — 26.8% |
||||||||
Materials — 26.8% |
||||||||
Aurelia Metals * |
890,184 |
$ |
284,675 |
|||||
Bellevue Gold * |
780,989 |
532,810 |
||||||
Capricorn Metals * |
253,723 |
748,281 |
||||||
De Grey Mining * |
856,849 |
733,750 |
||||||
Firefinch * |
866,073 |
689,333 |
||||||
Gold Road Resources |
658,946 |
728,177 |
||||||
Mincor Resources NL * |
325,464 |
578,228 |
||||||
OceanaGold * |
556,042 |
1,392,226 |
||||||
Perseus Mining |
951,867 |
1,342,744 |
||||||
Ramelius Resources |
668,994 |
717,886 |
||||||
Red 5 * |
1,841,591 |
536,579 |
||||||
Regis Resources |
589,951 |
876,231 |
||||||
Silver Lake Resources * |
730,839 |
966,031 |
||||||
SolGold * |
898,372 |
323,707 |
||||||
St. Barbara |
636,754 |
604,101 |
||||||
West African Resources * |
746,468 |
721,451 |
||||||
Westgold Resources * |
362,928 |
421,691 |
||||||
TOTAL AUSTRALIA |
12,197,901 |
|||||||
BURKINA FASO —
4.2% |
||||||||
Materials — 4.2% |
||||||||
Endeavour Mining (A) |
77,965 |
1,917,937 |
Schedule
of Investments |
April
30, 2022 (Unaudited) | |
Global
X Gold Explorers ETF |
Shares |
Value |
|||||||
COMMON STOCK —
continued |
||||||||
CANADA — 39.4% |
||||||||
Materials — 39.4% |
||||||||
Alamos Gold, Cl A |
232,439 |
$ |
1,815,063 |
|||||
B2Gold |
425,764 |
1,815,589 |
||||||
Dundee Precious Metals (A) |
152,186 |
885,931 |
||||||
Endeavour Silver * |
141,461 |
542,357 |
||||||
Equinox Gold * |
213,179 |
1,527,890 |
||||||
K92 Mining *
(A) |
170,417 |
1,220,074 |
||||||
Karora Resources * |
101,521 |
524,266 |
||||||
Lundin Gold * |
58,468 |
473,490 |
||||||
McEwen Mining *
(A) |
307,820 |
206,301 |
||||||
New Gold * |
498,371 |
729,200 |
||||||
Novagold Resources * |
191,174 |
1,189,102 |
||||||
Orla Mining *
(A) |
112,251 |
478,673 |
||||||
Osisko Mining * |
228,463 |
723,974 |
||||||
Sabina Gold & Silver * |
305,290 |
315,311 |
||||||
Seabridge Gold * |
52,337 |
924,271 |
||||||
Skeena Resources * |
50,403 |
467,728 |
||||||
SSR Mining |
86,388 |
1,910,195 |
||||||
Torex Gold Resources * |
67,671 |
761,401 |
||||||
Victoria Gold *
(A) |
24,038 |
263,317 |
||||||
Wesdome Gold Mines * |
111,918 |
1,148,034 |
||||||
TOTAL CANADA |
17,922,167 |
|||||||
EGYPT — 2.2% |
||||||||
Materials — 2.2% |
||||||||
Centamin |
879,817 |
1,011,596 |
||||||
INDONESIA — 9.9% |
||||||||
Materials — 9.9% |
||||||||
Aneka Tambang |
6,672,067 |
1,196,618 |
||||||
Merdeka Copper Gold * |
8,999,326 |
3,290,090 |
||||||
TOTAL INDONESIA |
4,486,708 |
Schedule
of Investments |
April
30, 2022 (Unaudited) | |
Global
X Gold Explorers ETF |
Shares/Number
of
Rights |
Value |
|||||||
COMMON STOCK —
continued |
||||||||
KYRGYZSTAN — 3.6% |
||||||||
Financials — 3.6% |
||||||||
Centerra Gold |
174,254 |
$ |
1,621,126 |
|||||
PERU — 0.8% |
||||||||
Materials — 0.8% |
||||||||
Hochschild Mining |
250,086 |
370,498 |
||||||
TURKEY — 4.0% |
||||||||
Materials — 4.0% |
||||||||
Eldorado Gold * |
144,349 |
1,409,550 |
||||||
Koza Altin Isletmeleri * |
36,263 |
420,334 |
||||||
TOTAL TURKEY |
1,829,884 |
|||||||
UNITED KINGDOM —
1.9% |
||||||||
Materials — 1.9% |
||||||||
Greatland Gold * |
3,054,799 |
510,092 |
||||||
Pan African Resources |
1,270,801 |
348,613 |
||||||
TOTAL UNITED KINGDOM |
858,705 |
|||||||
UNITED STATES —
7.4% |
||||||||
Materials — 7.4% |
||||||||
Argonaut Gold * |
256,251 |
431,078 |
||||||
Coeur Mining * |
202,040 |
733,405 |
||||||
Hecla Mining |
421,231 |
2,194,614 |
||||||
TOTAL UNITED STATES |
3,359,097 |
|||||||
TOTAL COMMON STOCK |
||||||||
(Cost $44,155,180) |
45,575,619 |
|||||||
RIGHTS — 0.0% |
||||||||
Canada — 0.0% |
||||||||
Great
Bear Resources#
*(B)(C)(D) |
46,614 |
— |
||||||
TOTAL RIGHTS (Cost $—) |
— |
Schedule
of Investments |
April
30, 2022 (Unaudited) | |
Global
X Gold Explorers ETF |
Shares/Face
Amount |
Value |
|||||||
SHORT-TERM INVESTMENT(E)(F)
— 3.1% |
||||||||
Fidelity
Investments Money Market Government Portfolio, Cl Institutional,
0.160% |
||||||||
(Cost $1,419,802) |
1,419,802 |
$ |
1,419,802 |
|||||
REPURCHASE AGREEMENT(E)
— 2.2% |
||||||||
BNP Paribas |
||||||||
0.240%, dated
04/29/2022, to be repurchased on 05/02/2022, repurchase price $1,018,077
(collateralized by various U.S. Treasury Obligations, ranging in par value
$81,077 - $109,013, 0.250%, 09/30/2025, with a total market value of
$1,037,780) |
||||||||
(Cost $1,018,057) |
$ |
1,018,057 |
1,018,057 |
|||||
TOTAL INVESTMENTS — 105.5% |
||||||||
(Cost $46,593,039) |
$ |
48,013,478 |
* |
Non-income producing
security. |
# |
Expiration
unavailable. |
(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 $2,351,750. |
(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
$– and represented 0.0% 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 $– and
represents 0.0% of Net Assets. |
(E) |
Security was purchased
with cash collateral held from securities on loan. The total value of such
securities as of April 30, 2022 was $2,437,859. |
(F) |
The rate reported on the
Schedule of Investments is the 7-day effective yield as of April 30,
2022. |
Schedule
of Investments |
April
30, 2022 (Unaudited) | |
Global
X Gold Explorers ETF |
Investments
in Securities |
Level
1 |
Level
2 |
Level
3(1) |
Total |
||||||||||||
Common
Stock |
$ |
41,088,911 |
$ |
4,486,708 |
$ |
— |
$ |
45,575,619 |
||||||||
Rights |
— |
— |
—^ |
— |
||||||||||||
Short-Term
Investment |
1,419,802 |
— |
— |
1,419,802 |
||||||||||||
Repurchase
Agreement |
— |
1,018,057 |
— |
1,018,057 |
||||||||||||
Total
Investments in Securities |
$ |
42,508,713 |
$ |
5,504,765 |
$ |
— |
$ |
48,013,478 |
(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 period in relation to net assets.
Management has concluded that Level 3 investments are not material in
relation to net assets. |
Schedule
of Investments |
April
30, 2022 (Unaudited) | |
Global
X Copper Miners ETF |
Shares |
Value |
|||||||
COMMON STOCK —
99.7% |
||||||||
AUSTRALIA — 17.9% |
||||||||
Materials — 17.9% |
||||||||
29Metals * |
9,863,164 |
$ |
18,995,121 |
|||||
Aeris Resources *
(A)(B)(C) |
33,447,026 |
2,712,062 |
||||||
BHP Group |
2,578,595 |
87,977,448 |
||||||
Glencore |
14,604,253 |
91,182,612 |
||||||
OZ Minerals |
5,043,874 |
89,610,883 |
||||||
Sandfire Resources |
8,106,449 |
32,894,499 |
||||||
SolGold *
(B) |
23,231,748 |
8,371,013 |
||||||
TOTAL AUSTRALIA |
331,743,638 |
|||||||
BRAZIL — 1.2% |
||||||||
Materials — 1.2% |
||||||||
ERO Copper * |
1,565,856 |
22,629,287 |
||||||
CANADA — 17.3% |
||||||||
Materials — 17.3% |
||||||||
Altius Minerals |
788,281 |
13,223,853 |
||||||
Capstone Copper * |
8,894,742 |
40,713,775 |
||||||
Copper Mountain Mining *
(B) |
3,306,757 |
7,425,682 |
||||||
Filo Mining * |
1,573,694 |
24,724,992 |
||||||
HudBay Minerals |
5,362,761 |
34,533,487 |
||||||
Ivanhoe Mines, Cl A * |
10,502,492 |
84,641,186 |
||||||
Northern
Dynasty Minerals *
(B) |
8,884,293 |
3,153,924 |
||||||
Solaris Resources *
(B) |
892,837 |
8,976,922 |
Schedule
of Investments |
April
30, 2022 (Unaudited) | |
Global
X Copper Miners ETF |
Shares |
Value |
|||||||
COMMON STOCK —
continued |
||||||||
Materials — continued |
||||||||
Taseko Mines * |
5,616,366 |
$ |
10,839,586 |
|||||
Teck Resources, Cl B |
2,325,172 |
92,202,744 |
||||||
TOTAL CANADA |
320,436,151 |
|||||||
CHILE — 9.5% |
||||||||
Materials — 9.5% |
||||||||
Antofagasta |
4,589,205 |
89,364,180 |
||||||
Lundin Mining |
9,317,118 |
85,512,926 |
||||||
TOTAL CHILE |
174,877,106 |
|||||||
CHINA — 10.9% |
||||||||
Materials — 10.9% |
||||||||
China
Gold International Resources *
(B) |
4,878,100 |
18,496,138 |
||||||
China Nonferrous Mining |
23,301,600 |
12,057,442 |
||||||
Jiangxi Copper, Cl H |
22,266,001 |
35,529,570 |
||||||
Jinchuan
Group International Resources |
197,410,200 |
25,663,339 |
||||||
MMG * |
57,299,700 |
24,756,853 |
||||||
Zijin Mining Group, Cl H |
56,840,660 |
84,759,496 |
||||||
TOTAL CHINA |
201,262,838 |
|||||||
CYPRUS — 0.4% |
||||||||
Materials — 0.4% |
||||||||
Atalaya Mining (B) |
1,547,629 |
7,334,965 |
||||||
GERMANY — 3.9% |
||||||||
Materials — 3.9% |
||||||||
Aurubis |
622,946 |
71,731,025 |
||||||
JAPAN — 7.1% |
||||||||
Materials — 7.1% |
||||||||
Mitsubishi Materials |
2,468,862 |
38,740,325 |
||||||
Nittetsu Mining |
110,088 |
5,506,099 |
||||||
Sumitomo Metal Mining |
1,995,927 |
87,364,171 |
||||||
TOTAL JAPAN |
131,610,595 |
Schedule
of Investments |
April
30, 2022 (Unaudited) | |
Global
X Copper Miners ETF |
Shares |
Value |
|||||||
COMMON STOCK —
continued |
||||||||
MEXICO — 4.7% |
||||||||
Materials — 4.7% |
||||||||
Grupo Mexico, Cl B |
18,642,650 |
$ |
87,255,111 |
|||||
MONGOLIA — 3.0% |
||||||||
Materials — 3.0% |
||||||||
Turquoise Hill Resources * |
2,036,867 |
55,484,257 |
||||||
PERU — 4.6% |
||||||||
Materials — 4.6% |
||||||||
Southern Copper |
1,374,577 |
85,594,910 |
||||||
POLAND — 4.5% |
||||||||
Materials — 4.5% |
||||||||
KGHM Polska Miedz |
2,525,032 |
82,477,778 |
||||||
SWEDEN — 4.5% |
||||||||
Materials — 4.5% |
||||||||
Boliden (B) |
1,901,745 |
83,733,599 |
||||||
TURKEY — 0.3% |
||||||||
Industrials — 0.3% |
||||||||
Sarkuysan Elektrolitik Bakir |
4,649,028 |
5,917,684 |
||||||
UNITED KINGDOM —
0.6% |
||||||||
Materials — 0.6% |
||||||||
Central Asia Metals |
3,506,944 |
11,799,887 |
||||||
UNITED STATES —
4.5% |
||||||||
Materials — 4.5% |
||||||||
Freeport-McMoRan |
2,040,367 |
82,736,881 |
||||||
ZAMBIA — 4.8% |
||||||||
Materials — 4.8% |
||||||||
First Quantum Minerals |
3,087,477 |
88,972,872 |
||||||
TOTAL COMMON STOCK |
||||||||
(Cost $1,761,152,961) |
1,845,598,584 |
Schedule
of Investments |
April
30, 2022 (Unaudited) | |
Global
X Copper Miners ETF |
Shares/Face
Amount |
Value |
|||||||
SHORT-TERM INVESTMENT(D)(E)
— 2.7% |
||||||||
Fidelity
Investments Money Market Government Portfolio, Cl Institutional,
0.160% |
||||||||
(Cost $50,358,540) |
50,358,540 |
$ |
50,358,540 |
|||||
REPURCHASE AGREEMENT(D)
— 1.9% |
||||||||
BNP Paribas |
||||||||
0.240%, dated
04/29/2022, to be repurchased on 05/02/2022, repurchase price $36,109,863
(collateralized by various U.S. Treasury Obligations, ranging in par value
$2,875,683 - $3,866,556, 0.250%, 09/30/2025, with a total market value of
$36,808,751) |
||||||||
(Cost $36,109,141) |
$ |
36,109,141 |
36,109,141 |
|||||
TOTAL INVESTMENTS — 104.3% |
||||||||
(Cost $1,847,620,642) |
$ |
1,932,066,265 |
* |
Non-income producing
security. |
(A) |
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
$2,712,062 and represents 0.1% of Net Assets. |
(B) |
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 $79,725,876. |
(C) |
Level 3 security in
accordance with fair value hierarchy. |
(D) |
Security was purchased
with cash collateral held from securities on loan. The total value of such
securities as of April 30, 2022 was $86,467,681. |
(E) |
The rate reported on the
Schedule of Investments is the 7-day effective yield as of April 30,
2022. |
Schedule
of Investments |
April
30, 2022 (Unaudited) | |
Global
X Copper Miners ETF |
Investments
in Securities |
Level
1 |
Level
2 |
Level
3(1) |
Total |
||||||||||||
Common
Stock |
$ |
1,711,275,927 |
$ |
131,610,595 |
$ |
2,712,062 |
$ |
1,845,598,584 |
||||||||
Short-Term
Investment |
50,358,540 |
— |
— |
50,358,540 |
||||||||||||
Repurchase
Agreement |
— |
36,109,141 |
— |
36,109,141 |
||||||||||||
Total
Investments in Securities |
$ |
1,761,634,467 |
$ |
167,719,736 |
$ |
2,712,062 |
$ |
1,932,066,265 |
(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 period in relation to net assets.
Management has concluded that Level 3 investments are not material in
relation to net assets. |
Schedule
of Investments |
April
30, 2022 (Unaudited) | |
Global
X Uranium ETF |
Shares |
Value |
|||||||
COMMON STOCK —
93.3% |
||||||||
AUSTRALIA — 15.2% |
||||||||
Energy — 9.0% |
||||||||
A-Capital Energy *
(A) |
48,302,303 |
$ |
4,462,392 |
|||||
Alligator Energy *
(A) |
143,253,652 |
8,551,484 |
||||||
Aura Energy *
(A) |
13,266,814 |
2,498,440 |
||||||
Bannerman Energy *
(A) |
61,857,745 |
10,550,228 |
||||||
Berkeley Energia *
(A) |
21,894,742 |
6,756,139 |
||||||
Boss Energy *
(A) |
12,690,222 |
24,259,287 |
||||||
Deep Yellow *
(A) |
17,943,309 |
12,050,106 |
||||||
Elevate Uranium *
(A) |
11,920,213 |
5,336,802 |
||||||
Paladin Energy * |
130,843,492 |
76,246,954 |
||||||
Peninsula Energy *
(A) |
49,548,419 |
8,274,737 |
||||||
Vimy Resources *
(A) |
48,285,522 |
8,406,971 |
||||||
167,393,540 |
||||||||
Financials — 1.9% |
||||||||
Macquarie Group |
241,318 |
35,495,608 |
||||||
Materials — 4.3% |
||||||||
BHP Group (A) |
1,068,482 |
36,454,860 |
Schedule
of Investments |
April
30, 2022 (Unaudited) | |
Global
X Uranium ETF |
Shares |
Value |
|||||||
COMMON STOCK —
continued |
||||||||
Materials — continued |
||||||||
Lotus Resources *
(A) |
33,214,573 |
$ |
8,143,372 |
|||||
Rio Tinto |
488,926 |
35,025,885 |
||||||
79,624,117 |
||||||||
TOTAL AUSTRALIA |
282,513,265 |
|||||||
CANADA — 41.4% |
||||||||
Energy — 37.6% |
||||||||
Cameco (A) |
17,902,402 |
464,631,802 |
||||||
Denison Mines *
(A) |
43,449,714 |
56,434,823 |
||||||
Fission Uranium *
(A) |
29,573,839 |
20,131,638 |
||||||
Forsys Metals *
(A) |
6,163,214 |
3,182,756 |
||||||
GoviEx Uranium, Cl A *
(A) |
23,322,865 |
6,660,808 |
||||||
IsoEnergy *
(A) |
2,735,666 |
8,690,430 |
||||||
Laramide Resources *
(A) |
8,823,956 |
4,349,667 |
||||||
Mega Uranium * |
16,673,007 |
4,305,068 |
||||||
NexGen Energy * |
21,075,473 |
104,383,822 |
||||||
Skyharbour Resources * |
6,580,704 |
2,574,510 |
||||||
UEX *
(A) |
26,192,877 |
6,968,098 |
||||||
Uranium Royalty *
(A) |
3,992,767 |
13,277,461 |
||||||
Western
Uranium & Vanadium *
(A) |
1,669,507 |
2,272,949 |
||||||
697,863,832 |
||||||||
Industrials — 1.7% |
||||||||
Aecon Group |
2,647,935 |
31,015,678 |
||||||
Materials — 2.1% |
||||||||
Encore Energy *
(A) |
14,354,730 |
15,836,758 |
||||||
Global Atomic *
(A) |
8,124,579 |
23,012,383 |
||||||
38,849,141 |
||||||||
TOTAL CANADA |
767,728,651 |
|||||||
CHINA — 2.4% |
||||||||
Energy — 0.5% |
||||||||
CGN Mining * |
99,742,900 |
9,915,622 |
||||||
Schedule
of Investments |
April
30, 2022 (Unaudited) | |
Global
X Uranium ETF |
Shares |
Value |
|||||||
COMMON STOCK —
continued |
||||||||
Utilities — 1.9% |
||||||||
CGN Power, Cl H |
122,767,786 |
$ |
34,736,079 |
|||||
TOTAL CHINA |
44,651,701 |
|||||||
JAPAN — 6.3% |
||||||||
Industrials — 6.3% |
||||||||
ITOCHU |
1,163,388 |
35,307,515 |
||||||
Mitsubishi Heavy Industries |
1,282,523 |
43,902,358 |
||||||
Sumitomo |
2,348,382 |
37,366,390 |
||||||
TOTAL JAPAN |
116,576,263 |
|||||||
KAZAKHSTAN — 5.5% |
||||||||
Energy — 5.5% |
||||||||
NAC Kazatomprom JSC GDR |
3,504,461 |
101,839,637 |
||||||
SOUTH AFRICA —
1.9% |
||||||||
Materials — 1.9% |
||||||||
Sibanye Stillwater |
9,757,967 |
34,420,105 |
||||||
SOUTH KOREA — 9.5% |
||||||||
Industrials — 9.5% |
||||||||
Daewoo
Engineering & Construction * |
7,233,303 |
38,988,424 |
||||||
Doosan Enerbility * |
2,139,538 |
35,091,149 |
||||||
GS
Engineering & Construction |
1,002,627 |
33,567,249 |
||||||
Hyundai
Engineering & Construction |
961,395 |
34,100,436 |
||||||
Samsung C&T |
369,143 |
33,945,873 |
||||||
TOTAL SOUTH KOREA |
175,693,131 |
|||||||
UNITED KINGDOM —
2.7% |
||||||||
Industrials — 2.7% |
||||||||
Yellow Cake * |
9,986,147 |
49,723,866 |
||||||
UNITED STATES —
8.4% |
||||||||
Energy — 8.4% |
||||||||
Centrus Energy, Cl A * |
597,417 |
16,584,296 |
||||||
Energy Fuels *
(A) |
8,287,027 |
62,766,262 |
Schedule
of Investments |
April
30, 2022 (Unaudited) | |
Global
X Uranium ETF |
Shares/Face
Amount |
Value |
|||||||
COMMON STOCK —
continued |
||||||||
Energy — continued |
||||||||
Uranium Energy *
(A) |
14,220,596 |
$ |
60,437,533 |
|||||
Ur-Energy * |
11,195,617 |
15,449,952 |
||||||
TOTAL UNITED STATES |
155,238,043 |
|||||||
TOTAL COMMON STOCK |
||||||||
(Cost $1,572,927,662) |
1,728,384,662 |
|||||||
EXCHANGE TRADED FUND —
6.7% |
||||||||
Sprott
Physical Uranium Trust *
(A) |
||||||||
(Cost $111,212,679) |
9,414,235 |
124,486,969 |
||||||
SHORT-TERM INVESTMENT(B)(C)
— 5.4% |
||||||||
Fidelity
Investments Money Market Government Portfolio, Cl Institutional,
0.160% |
||||||||
(Cost $100,846,010) |
100,846,010 |
100,846,010 |
||||||
REPURCHASE AGREEMENT(B)
— 3.9% |
||||||||
BNP Paribas |
||||||||
0.240%, dated
04/29/2022, to be repurchased on 05/02/2022, repurchase price $72,427,222
(collateralized by various U.S. Treasury Obligations, ranging in par value
$5,767,891 - $7,755,329, 0.250%, 09/30/2025, with a total market value of
$73,829,005) |
||||||||
(Cost $72,425,773) |
$ |
72,425,773 |
72,425,773 |
|||||
TOTAL INVESTMENTS — 109.3% |
||||||||
(Cost $1,857,412,124) |
$ |
2,026,143,414 |
Schedule
of Investments |
April
30, 2022 (Unaudited) | |
Global
X Uranium 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 $157,349,267. |
(B) |
Security was purchased
with cash collateral held from securities on loan. The total value of such
securities as of April 30, 2022 was $173,271,783. |
(C) |
The rate reported on the
Schedule of Investments is the 7-day effective yield as of April 30,
2022. |
Investments
in Securities |
Level
1 |
Level
2 |
Level
3 |
Total |
||||||||||||
Common
Stock |
$ |
1,611,808,399 |
$ |
116,576,263 |
$ |
— |
$ |
1,728,384,662 |
||||||||
Exchange
Traded Fund |
124,486,969 |
— |
— |
124,486,969 |
||||||||||||
Short-Term
Investment |
100,846,010 |
— |
— |
100,846,010 |
||||||||||||
Repurchase
Agreement |
— |
72,425,773 |
— |
72,425,773 |
||||||||||||
Total
Investments in Securities |
$ |
1,837,141,378 |
$ |
189,002,036 |
$ |
— |
$ |
2,026,143,414 |
Statements
of Assets and Liabilities |
||
April
30, 2022 (Unaudited) |
Global
X Silver
Miners
ETF |
Global
X Gold Explorers ETF |
Global
X Copper Miners ETF |
||||||||||
Assets: |
||||||||||||
Cost
of Investments |
$ |
1,153,244,709 |
$ |
45,574,982 |
$ |
1,811,511,501 |
||||||
Cost
of Repurchase Agreement |
22,628,304 |
1,018,057 |
36,109,141 |
|||||||||
Cost
of Foreign Currency |
2,606 |
1,132 |
59,280 |
|||||||||
Investments,
at Value |
$ |
1,058,312,736 |
* |
$ |
46,995,421 |
* |
$ |
1,895,957,124 |
* | |||
Repurchase
Agreement, at Value |
22,628,304 |
1,018,057 |
36,109,141 |
|||||||||
Cash |
1,519,194 |
— |
1,813,958 |
|||||||||
Foreign
Currency, at Value |
2,606 |
1,153 |
58,413 |
|||||||||
Receivable
for Investment Securities Sold |
86,046,060 |
4,168,166 |
98,032,024 |
|||||||||
Dividend,
Interest, and Securities Lending Income Receivable |
1,540,673 |
7,508 |
12,270,909 |
|||||||||
Unrealized
Appreciation on Spot Contracts |
— |
681 |
— |
|||||||||
Receivable
for Capital Shares Sold |
— |
— |
8,085,860 |
|||||||||
Reclaim
Receivable |
6,247 |
— |
470,498 |
|||||||||
Total
Assets |
1,170,055,820 |
52,190,986 |
2,052,797,927 |
|||||||||
Liabilities: |
||||||||||||
Obligation
to Return Securities Lending Collateral |
54,200,730 |
2,437,859 |
86,467,681 |
|||||||||
Payable
for Investment Securities Purchased |
84,672,782 |
4,208,426 |
112,786,668 |
|||||||||
Payable
for Capital Shares Redeemed |
1,334,728 |
— |
— |
|||||||||
Payable
due to Investment Adviser |
603,809 |
26,404 |
1,056,078 |
|||||||||
Unrealized
Depreciation on Spot Contracts |
11,890 |
— |
87,003 |
|||||||||
Custodian
Fees Payable |
386 |
6 |
4,241 |
|||||||||
Cash
Overdraft |
— |
23,150 |
— |
|||||||||
Total
Liabilities |
140,824,325 |
6,695,845 |
200,401,671 |
|||||||||
Net
Assets |
$ |
1,029,231,495 |
$ |
45,495,141 |
$ |
1,852,396,256 |
||||||
Net
Assets Consist of: |
||||||||||||
Paid-in
Capital |
$ |
1,616,998,325 |
$ |
109,619,051 |
$ |
1,763,185,813 |
||||||
Total
Distributable Earnings/(Loss) |
(587,766,830 |
) |
(64,123,910 |
) |
89,210,443 |
|||||||
Net
Assets |
$ |
1,029,231,495 |
$ |
45,495,141 |
$ |
1,852,396,256 |
||||||
Outstanding
Shares of Beneficial Interest |
||||||||||||
(unlimited
authorization — no par value) |
31,117,318 |
1,482,054 |
45,819,374 |
|||||||||
Net
Asset Value, Offering and Redemption Price Per Share |
$ |
33.08 |
$ |
30.70 |
$ |
40.43 |
||||||
*Includes
Market Value of Securities on Loan |
$ |
46,662,041 |
$ |
2,351,750 |
$ |
79,725,876 |
Statements
of Assets and Liabilities |
||
April
30, 2022 (Unaudited) |
Global
X Uranium
ETF |
||||
Assets: |
||||
Cost
of Investments |
$ |
1,784,986,351 |
||
Cost
of Repurchase Agreement |
72,425,773 |
|||
Cost
of Foreign Currency |
656,749 |
|||
Investments,
at Value |
$ |
1,953,717,641 |
* | |
Repurchase
Agreement, at Value |
72,425,773 |
|||
Foreign
Currency, at Value |
614,998 |
|||
Dividend,
Interest, and Securities Lending Income Receivable |
2,087,831 |
|||
Total
Assets |
2,028,846,243 |
|||
Liabilities: |
||||
Obligation
to Return Securities Lending Collateral |
173,271,783 |
|||
Payable
due to Investment Adviser |
1,150,564 |
|||
Cash
Overdraft |
404,802 |
|||
Custodian
Fees Payable |
4,378 |
|||
Total
Liabilities |
174,831,527 |
|||
Net
Assets |
$ |
1,854,014,716 |
||
Net
Assets Consist of: |
||||
Paid-in
Capital |
$ |
2,275,947,557 |
||
Total
Distributable Loss |
(421,932,841 |
) | ||
Net
Assets |
$ |
1,854,014,716 |
||
Outstanding
Shares of Beneficial Interest |
||||
(unlimited
authorization — no par value) |
78,921,666 |
|||
Net
Asset Value, Offering and Redemption Price Per Share |
$ |
23.49 |
||
*Includes
Market Value of Securities on Loan |
$ |
157,349,267 |
Statements
of Operations |
||
For
the period ended April 30, 2022 (Unaudited) |
Global
X Silver
Miners
ETF |
Global
X Gold Explorers ETF |
Global
X Copper Miners ETF |
||||||||||
Investment
Income: |
||||||||||||
Dividend
Income |
$ |
8,384,933 |
$ |
202,233 |
$ |
28,862,988 |
||||||
Interest
Income |
19 |
— |
— |
|||||||||
Security
Lending Income |
662,663 |
40,962 |
187,902 |
|||||||||
Less:
Foreign Taxes Withheld |
(945,865 |
) |
(15,495 |
) |
(2,040,719 |
) | ||||||
Total
Investment Income |
8,101,750 |
227,700 |
27,010,171 |
|||||||||
Supervision
and Administration Fees(1) |
3,449,589 |
158,116 |
5,295,061 |
|||||||||
Custodian
Fees(2) |
5,477 |
2,301 |
6,117 |
|||||||||
Total
Expenses |
3,455,066 |
160,417 |
5,301,178 |
|||||||||
Net
Investment Income |
4,646,684 |
67,283 |
21,708,993 |
|||||||||
Net
Realized Gain (Loss) on: |
||||||||||||
Investments(3) |
(102,584,810 |
) |
1,734,040 |
34,642,349 |
||||||||
Foreign Currency
Transactions |
(145,237 |
) |
17,033 |
159,408 |
||||||||
Net
Realized Gain (Loss) on Investments, Foreign Currency
Transactions |
(102,730,047 |
) |
1,751,073 |
34,801,757 |
||||||||
Net
Change in Unrealized Appreciation (Depreciation) on: |
||||||||||||
Investments |
(66,222,229 |
) |
513,744 |
119,518,721 |
||||||||
Foreign Currency
Translations |
(27,493 |
) |
312 |
(346,696 |
) | |||||||
Net
Change in Unrealized Appreciation (Depreciation) on Investments, Foreign
Currency Translations |
(66,249,722 |
) |
514,056 |
119,172,025 |
||||||||
Net
Realized and Unrealized Gain (Loss) on Investments, Foreign Currency
Translations |
(168,979,769 |
) |
2,265,129 |
153,973,782 |
||||||||
Net
Increase (Decrease) in Net Assets Resulting from Operations |
$ |
(164,333,085 |
) |
$ |
2,332,412 |
$ |
175,682,775 |
(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 Notes to
Financial Statements. |
(3) |
Includes realized gains
(losses) as a result of in-kind redemptions. (See Note 4 in Notes to
Financial Statements.) |
Statements
of Operations |
||
For
the period ended April 30, 2022 (Unaudited) |
Global
X
Uranium
ETF |
||||
Investment
Income: |
||||
Dividend
Income |
$ |
9,553,955 |
||
Interest
Income |
72 |
|||
Security
Lending Income |
1,505,796 |
|||
Less:
Foreign Taxes Withheld |
(1,016,683 |
) | ||
Total
Investment Income |
10,043,140 |
|||
Supervision
and Administration Fees(1) |
5,058,712 |
|||
Custodian
Fees(2) |
7,070 |
|||
Total
Expenses |
5,065,782 |
|||
Net
Investment Income |
4,977,358 |
|||
Net
Realized Gain (Loss) on: |
||||
Investments(3) |
(62,045,795 |
) | ||
Foreign Currency
Transactions |
60,764 |
|||
Net
Realized Loss on Investments, Foreign Currency Transactions |
(61,985,031 |
) | ||
Net
Change in Unrealized Depreciation on: |
||||
Investments |
(103,577,594 |
) | ||
Foreign Currency
Translations |
(139,337 |
) | ||
Net
Change in Unrealized Depreciation on Investments, Foreign Currency
Translations |
(103,716,931 |
) | ||
Net
Realized and Unrealized Loss on Investments, Foreign Currency
Translations |
(165,701,962 |
) | ||
Net
Decrease in Net Assets Resulting from Operations |
$ |
(160,724,604 |
) |
(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 Notes to
Financial Statements. |
(3) |
Includes realized gains
(losses) as a result of in-kind redemptions. (See Note 4 in Notes to
Financial Statements.) |
Statements
of Changes in Net Assets |
||
Global
X Silver Miners ETF |
Global
X Gold Explorers 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 |
$ |
4,646,684 |
$ |
11,414,236 |
$ |
67,283 |
$ |
341,661 |
||||||||
Net
Realized Gain (Loss) on Investments, Foreign Currency Transactions
(1) |
(102,730,047 |
) |
79,366,405 |
1,751,073 |
6,719,405 |
|||||||||||
Net
Change in Unrealized Appreciation (Depreciation) on Investments,
Foreign Currency Translations |
(66,249,722 |
) |
(219,907,736 |
) |
514,056 |
(12,421,306 |
) | |||||||||
Net
Increase (Decrease) in Net Assets Resulting from Operations |
(164,333,085 |
) |
(129,127,095 |
) |
2,332,412 |
(5,360,240 |
) | |||||||||
Distributions |
(11,576,306 |
) |
(24,128,587 |
) |
(894,643 |
) |
(1,872,117 |
) | ||||||||
Capital
Share Transactions: |
||||||||||||||||
Issued |
142,228,516 |
521,822,116 |
— |
13,363,058 |
||||||||||||
Reinvestment
of Distributions |
38,024 |
— |
— |
— |
||||||||||||
Redeemed |
(37,316,993 |
) |
(253,367,779 |
) |
(5,664,979 |
) |
(17,078,187 |
) | ||||||||
Increase
(Decrease) in Net Assets from Capital Share Transactions |
104,949,547 |
268,454,337 |
(5,664,979 |
) |
(3,715,129 |
) | ||||||||||
Total Increase
(Decrease) in Net Assets |
(70,959,844 |
) |
115,198,655 |
(4,227,210 |
) |
(10,947,486 |
) | |||||||||
Net
Assets: |
||||||||||||||||
Beginning
of Year/Period |
1,100,191,339 |
984,992,684 |
49,722,351 |
60,669,837 |
||||||||||||
End
of Year/Period |
$ |
1,029,231,495 |
$ |
1,100,191,339 |
$ |
45,495,141 |
$ |
49,722,351 |
||||||||
Share
Transactions: |
||||||||||||||||
Issued |
3,790,000 |
11,290,000 |
— |
380,000 |
||||||||||||
Redeemed |
(1,040,000 |
) |
(6,220,000 |
) |
(170,000 |
) |
(540,000 |
) | ||||||||
Net
Increase (Decrease) in Shares Outstanding from Share
Transactions |
2,750,000 |
5,070,000 |
(170,000 |
) |
(160,000 |
) |
(1) |
Includes realized gains
(losses) as a result of in-kind redemptions. (See Note 4 in Notes to
Financial Statements.) |
Statements
of Changes in Net Assets |
||
Global
X Copper Miners ETF |
Global
X Uranium 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 |
$ |
21,708,993 |
$ |
12,758,141 |
$ |
4,977,358 |
$ |
10,932,296 |
||||||||
Net
Realized Gain (Loss) on Investments, Foreign Currency Transactions
(1) |
34,801,757 |
85,687,912 |
(61,985,031 |
) |
71,128,100 |
|||||||||||
Net
Change in Unrealized Appreciation (Depreciation) on Investments,
Foreign Currency Translations |
119,172,025 |
(34,120,169 |
) |
(103,716,931 |
) |
283,286,817 |
||||||||||
Net
Increase (Decrease) in Net Assets Resulting from Operations |
175,682,775 |
64,325,884 |
(160,724,604 |
) |
365,347,213 |
|||||||||||
Distributions |
(17,491,645 |
) |
(7,289,000 |
) |
(67,335,340 |
) |
(2,489,718 |
) | ||||||||
Capital
Share Transactions: |
||||||||||||||||
Issued |
1,030,251,900 |
1,114,784,902 |
834,881,583 |
1,003,893,102 |
||||||||||||
Redeemed |
(330,055,540 |
) |
(281,700,749 |
) |
(68,415,718 |
) |
(192,750,767 |
) | ||||||||
Increase in
Net Assets from Capital Share Transactions |
700,196,360 |
833,084,153 |
766,465,865 |
811,142,335 |
||||||||||||
Total Increase in
Net Assets |
858,387,490 |
890,121,037 |
538,405,921 |
1,173,999,830 |
||||||||||||
Net
Assets: |
||||||||||||||||
Beginning
of Year/Period |
994,008,766 |
103,887,729 |
1,315,608,795 |
141,608,965 |
||||||||||||
End
of Year/Period |
$ |
1,852,396,256 |
$ |
994,008,766 |
$ |
1,854,014,716 |
$ |
1,315,608,795 |
||||||||
Share
Transactions: |
||||||||||||||||
Issued |
27,680,000 |
29,630,000 |
32,970,000 |
45,120,000 |
||||||||||||
Redeemed |
(8,500,000 |
) |
(7,840,000 |
) |
(2,710,000 |
) |
(9,490,000 |
) | ||||||||
Net
Increase in Shares Outstanding from Share Transactions |
19,180,000 |
21,790,000 |
30,260,000 |
35,630,000 |
(1) |
Includes realized gains
(losses) as a result of in-kind redemptions. (See Note 4 in Notes to
Financial Statements.) |
Financial
Highlights |
||
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
($) |
Distribution
from
Capital
Gains
($) |
Return
of
Capital
($) |
||||||||||||||||||||||
Global X Silver Miners
ETF |
||||||||||||||||||||||||||||
2022 (Unaudited) |
38.78 |
0.16 |
(5.45 |
) |
(5.29 |
) |
(0.41 |
) |
— |
— |
||||||||||||||||||
2021 |
42.28 |
0.41 |
(3.00 |
) |
(2.59 |
) |
(0.91 |
) |
— |
— |
||||||||||||||||||
2020 |
30.39 |
0.33 |
12.11 |
12.44 |
(0.55 |
) |
— |
— |
||||||||||||||||||||
2019 |
23.20 |
0.21 |
7.38 |
7.59 |
(0.40 |
) |
— |
— |
||||||||||||||||||||
2018 |
31.96 |
0.32 |
(9.07 |
) |
(8.75 |
) |
(0.01 |
) |
— |
— |
||||||||||||||||||
2017 |
40.61 |
0.20 |
(7.78 |
) |
(7.58 |
) |
(1.06 |
) |
— |
(0.01 |
) | |||||||||||||||||
Global X Gold Explorers
ETF |
||||||||||||||||||||||||||||
2022 (Unaudited) |
30.10 |
0.04 |
1.10 |
1.14 |
(0.54 |
) |
— |
— |
||||||||||||||||||||
2021 |
33.48 |
0.20 |
(2.54 |
) |
(2.34 |
) |
(1.04 |
) |
— |
— |
||||||||||||||||||
2020 |
25.39 |
0.06 |
8.47 |
8.53 |
(0.44 |
) |
— |
— |
||||||||||||||||||||
2019 |
18.49 |
0.04 |
6.87 |
6.91 |
(0.01 |
) |
— |
— |
||||||||||||||||||||
2018 |
21.46 |
0.06 |
(3.03 |
) |
(2.97 |
) |
— |
— |
— |
|||||||||||||||||||
2017 |
34.95 |
0.07 |
(5.51 |
) |
(5.44 |
) |
(8.05 |
) |
— |
— |
Financial
Highlights |
||
Total
from
Distributions
($) |
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
(%)†† |
||||||||||||||||||||
(0.41 |
) |
33.08 |
(13.75 |
) |
1,029,231 |
0.65 |
† |
0.88 |
† |
11.05 |
||||||||||||||||
(0.91 |
) |
38.78 |
(6.43 |
) |
1,100,191 |
0.65 |
0.96 |
15.61 |
||||||||||||||||||
(0.55 |
) |
42.28 |
41.40 |
984,993 |
0.65 |
0.90 |
19.95 |
|||||||||||||||||||
(0.40 |
) |
30.39 |
33.08 |
525,591 |
0.66 |
0.80 |
42.16 |
|||||||||||||||||||
(0.01 |
) |
23.20 |
(27.40 |
) |
301,515 |
0.65 |
1.10 |
25.71 |
||||||||||||||||||
(1.07 |
) |
31.96 |
(18.61 |
) |
378,656 |
0.65 |
0.56 |
24.46 |
||||||||||||||||||
(0.54 |
) |
30.70 |
3.91 |
45,495 |
0.65 |
† |
0.28 |
† |
22.85 |
|||||||||||||||||
(1.04 |
) |
30.10 |
(7.36 |
) |
49,722 |
0.65 |
0.61 |
18.30 |
||||||||||||||||||
(0.44 |
) |
33.48 |
34.03 |
60,670 |
0.65 |
0.20 |
18.81 |
|||||||||||||||||||
(0.01 |
) |
25.39 |
37.40 |
43,470 |
0.65 |
0.19 |
16.35 |
|||||||||||||||||||
— |
18.49 |
(13.84 |
) |
32,582 |
0.65 |
0.26 |
20.31 |
|||||||||||||||||||
(8.05 |
) |
21.46 |
(13.61 |
) |
44,256 |
0.66 |
0.31 |
84.00 |
* |
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. |
Financial
Highlights |
||
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
($) |
Distribution
from
Capital
Gains
($) |
Return
of
Capital
($) |
||||||||||||||||||||||
Global X
Copper Miners ETF |
||||||||||||||||||||||||||||
2022 (Unaudited) |
37.31 |
0.53 |
2.98 |
3.51 |
(0.39 |
) |
— |
— |
||||||||||||||||||||
2021 |
21.42 |
0.63 |
15.74 |
16.37 |
(0.48 |
) |
— |
— |
||||||||||||||||||||
2020 |
17.47 |
0.23 |
3.85 |
4.08 |
(0.13 |
) |
— |
— |
||||||||||||||||||||
2019 |
19.38 |
0.37 |
(1.58 |
) |
(1.21 |
) |
(0.70 |
) |
— |
— |
||||||||||||||||||
2018 |
25.61 |
0.43 |
(6.23 |
) |
(5.80 |
) |
(0.43 |
) |
— |
— |
||||||||||||||||||
2017 |
17.60 |
0.20 |
7.93 |
8.13 |
(0.12 |
) |
— |
— |
||||||||||||||||||||
Global X Uranium
ETF |
||||||||||||||||||||||||||||
2022 (Unaudited) |
27.04 |
0.08 |
(2.32 |
) |
(2.24 |
) |
(1.31 |
) |
— |
— |
||||||||||||||||||
2021 |
10.87 |
0.39 |
15.91 |
16.30 |
(0.13 |
) |
— |
— |
||||||||||||||||||||
2020 |
10.92 |
0.22 |
(0.03 |
) |
0.19 |
(0.24 |
) |
— |
— |
|||||||||||||||||||
2019 |
12.08 |
0.17 |
(1.17 |
) |
(1.00 |
) |
(0.16 |
) |
— |
— |
||||||||||||||||||
2018 |
11.88 |
0.03 |
0.48 |
0.51 |
(0.31 |
) |
— |
— |
||||||||||||||||||||
2017 |
12.08 |
0.16 |
0.58 |
0.74 |
(0.94 |
) |
— |
— |
Financial
Highlights |
||
Total
from
Distributions
($) |
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
(%)†† |
||||||||||||||||||||
(0.39 |
) |
40.43 |
9.50 |
1,852,396 |
0.65 |
† |
2.66 |
† |
21.12 |
|||||||||||||||||
(0.48 |
) |
37.31 |
76.80 |
994,009 |
0.65 |
1.71 |
20.13 |
|||||||||||||||||||
(0.13 |
) |
21.42 |
23.45 |
103,888 |
0.65 |
1.26 |
16.85 |
|||||||||||||||||||
(0.70 |
) |
17.47 |
(6.51 |
) |
48,021 |
0.65 |
1.89 |
18.77 |
||||||||||||||||||
(0.43 |
) |
19.38 |
(23.12 |
) |
68,798 |
0.65 |
1.74 |
17.00 |
||||||||||||||||||
(0.12 |
) |
25.61 |
46.38 |
66,567 |
0.65 |
0.89 |
43.58 |
|||||||||||||||||||
(1.31 |
) |
23.49 |
(8.05 |
) |
1,854,015 |
0.69 |
† |
0.68 |
† |
16.52 |
||||||||||||||||
(0.13 |
) |
27.04 |
150.73 |
1,315,609 |
0.69 |
1.91 |
30.01 |
|||||||||||||||||||
(0.24 |
) |
10.87 |
1.72 |
141,609 |
0.69 |
2.03 |
59.21 |
|||||||||||||||||||
(0.16 |
) |
10.92 |
(8.42 |
) |
187,616 |
0.71 |
1.46 |
23.93 |
||||||||||||||||||
(0.31 |
) |
12.08 |
3.79 |
308,953 |
0.72 |
0.20 |
54.06 |
|||||||||||||||||||
(0.94 |
) |
11.88 |
5.75 |
236,218 |
0.69 |
1.16 |
11.95 |
* |
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. |
Notes to Financial Statements
(Unaudited) |
||
April
30, 2022 |
Notes to Financial Statements
(Unaudited) (Continued) |
||
April
30, 2022 |
Notes to Financial Statements
(Unaudited) (Continued) |
||
April
30, 2022 |
Notes to Financial Statements
(Unaudited) (Continued) |
||
April
30, 2022 |
Repurchase
Agreements* |
Fair
Value of Non-Cash Collateral
Received(1) |
Cash
Collateral
Received |
Net
Amount(2) |
|||||||||||||
Global X Silver Miners
ETF |
||||||||||||||||
BNP Paribas |
$ |
22,628,304 |
$ |
22,628,304 |
$ |
– |
$ |
– |
||||||||
Global X Gold Explorers
ETF |
||||||||||||||||
BNP Paribas |
1,018,057 |
1,018,057 |
– |
– |
||||||||||||
Global X Copper Miners
ETF |
||||||||||||||||
BNP Paribas |
36,109,141 |
36,109,141 |
– |
– |
||||||||||||
Global X Uranium
ETF |
||||||||||||||||
BNP Paribas |
72,425,773 |
72,425,773 |
– |
– |
* |
Repurchase agreements with an overnight and
continuous 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. |
Notes to Financial Statements
(Unaudited) (Continued) |
||
April
30, 2022 |
Notes to Financial Statements
(Unaudited) (Continued) |
||
April
30, 2022 |
Creation
Unit
Shares |
Creation
Fee |
Value
as of
April
30, 2022 |
Redemption
Fee |
|||||||||||||
Global X Silver Miners ETF |
10,000 |
$ |
500 |
$ |
330,800 |
$ |
500 |
|||||||||
Global X Gold Explorers ETF |
10,000 |
1,000 |
307,000 |
1,000 |
||||||||||||
Global X Copper Miners ETF |
10,000 |
600 |
404,300 |
600 |
||||||||||||
Global X Uranium ETF |
10,000 |
500 |
234,900 |
500 |
Notes to Financial Statements
(Unaudited) (Continued) |
||
April
30, 2022 |
Supervision and
Administration
Fee |
||||
Global X Silver Miners ETF |
0.65 |
% | ||
Global X Gold Explorers ETF |
0.65 |
% | ||
Global X Copper Miners ETF |
0.65 |
% | ||
Global X Uranium ETF |
0.69 |
% |
Notes to Financial Statements
(Unaudited) (Continued) |
||
April
30, 2022 |
Purchases |
Sales and
Maturities |
|||||||
Global X Silver Miners ETF |
$ |
115,499,315 |
$ |
115,487,133 |
||||
Global X Gold Explorers ETF |
10,956,619 |
11,518,686 |
||||||
Global X Copper Miners ETF |
402,276,139 |
334,937,445 |
||||||
Global X Uranium ETF |
273,532,738 |
239,450,837 |
Notes to Financial Statements
(Unaudited) (Continued) |
||
April
30, 2022 |
Purchases |
Sales and
Maturities |
Realized Gain (Loss) |
||||||||||
Global X Silver Miners ETF |
$ |
133,425,386 |
$ |
35,129,767 |
$ |
10,354,978 |
||||||
Global X Gold Explorers ETF |
– |
5,810,552 |
2,429,387 |
|||||||||
Global X Copper Miners ETF |
966,903,282 |
332,511,795 |
65,769,656 |
|||||||||
Global X Uranium ETF |
732,945,832 |
63,458,389 |
32,744,513 |
Purchases |
Sales and
Maturities |
Realized
Gain (Loss) |
||||||||||
Global X Silver Miners ETF |
$ |
469,304,059 |
$ |
237,743,775 |
$ |
97,812,186 |
||||||
Global X Gold Explorers ETF |
11,835,829 |
17,161,642 |
6,912,772 |
|||||||||
Global X Copper Miners ETF |
985,187,871 |
279,973,030 |
96,971,140 |
|||||||||
Global X Uranium ETF |
901,494,044 |
174,915,494 |
75,970,460 |
Notes to Financial Statements
(Unaudited) (Continued) |
||
April
30, 2022 |
Global X Funds |
Ordinary
Income |
Long-Term
Capital
Gain |
Return
of
Capital |
Totals |
||||||||||||
Global X Silver Miners ETF |
||||||||||||||||
2021 |
$ |
24,128,587 |
$ |
– |
$ |
– |
$ |
24,128,587 |
||||||||
2020 |
9,504,825 |
– |
– |
9,504,825 |
||||||||||||
Global X Gold Explorers ETF |
||||||||||||||||
2021 |
$ |
1,872,117 |
$ |
– |
$ |
– |
$ |
1,872,117 |
||||||||
2020 |
723,922 |
– |
– |
723,922 |
||||||||||||
Global X Copper Miners ETF |
||||||||||||||||
2021 |
$ |
7,289,000 |
$ |
– |
$ |
– |
$ |
7,289,000 |
||||||||
2020 |
482,851 |
– |
– |
482,851 |
||||||||||||
Global X Uranium ETF |
||||||||||||||||
2021 |
$ |
2,489,718 |
$ |
– |
$ |
– |
$ |
2,489,718 |
||||||||
2020 |
3,325,778 |
– |
– |
3,325,778 |
Global
X Funds |
||||||||||||||||
Global
X
Silver
Miners
ETF |
Global
X
Gold
Explorers
ETF |
Global
X
Copper
Miners
ETF |
Global
X
Uranium
ETF |
|||||||||||||
Undistributed
Ordinary Income |
$ |
8,718,044 |
$ |
860,772 |
$ |
16,211,644 |
$ |
66,047,592 |
||||||||
Capital
Loss Carryforwards |
(345,566,494 |
) |
(64,952,926 |
) |
(27,266,454 |
) |
(470,192,997 |
) | ||||||||
Unrealized
Appreciation (Depreciation) on Investments and Foreign
Currency |
(75,008,983 |
) |
(1,469,523 |
) |
(57,925,867 |
) |
210,272,508 |
|||||||||
Other
Temporary Differences |
(6 |
) |
(2 |
) |
(10 |
) |
– |
|||||||||
Total Accumulated
Losses |
$ |
(411,857,439 |
) |
$ |
(65,561,679 |
) |
$ |
(68,980,687 |
) |
$ |
(193,872,897 |
) |
Short-Term
Loss |
Long-Term
Loss |
Total |
||||||||||
Global
X Silver Miners ETF |
$ |
70,569,208 |
$ |
274,997,286 |
$ |
345,566,494 |
||||||
Global
X Gold Explorers ETF |
14,726,770 |
50,226,156 |
64,952,926 |
|||||||||
Global
X Copper Miners ETF |
12,458,349 |
14,808,105 |
27,266,454 |
|||||||||
Global
X Uranium ETF |
87,554,139 |
382,638,858 |
470,192,997 |
Notes to Financial Statements
(Unaudited) (Continued) |
||
April
30, 2022 |
Global X Funds |
Short-Term
Loss |
Long-Term
Loss |
Total |
|||||||||
Global
X Gold Explorers ETF |
$ |
– |
$ |
907,346 |
$ |
907,346 |
||||||
Global
X Copper Miners ETF |
– |
7,101,349 |
7,101,349 |
|||||||||
Global
X Uranium ETF |
– |
5,243,653 |
5,243,653 |
Global X Funds |
Federal
Tax
Cost |
Aggregated
Gross Unrealized Appreciation |
Aggregated
Gross Unrealized Depreciation |
Net
Unrealized Appreciation (Depreciation) |
||||||||||||
Global X Silver Miners ETF |
$ |
1,175,873,013 |
$ |
70,111,620 |
$ |
(165,043,593 |
) |
$ |
(94,931,973 |
) | ||||||
Global X Gold Explorers ETF |
46,593,039 |
7,806,999 |
(6,386,560 |
) |
1,420,439 |
|||||||||||
Global X Copper Miners ETF |
1,847,620,642 |
165,086,186 |
(80,640,563 |
) |
84,445,623 |
|||||||||||
Global X Uranium ETF |
1,857,412,124 |
199,185,466 |
(30,454,176 |
) |
168,731,290 |
Notes to Financial Statements
(Unaudited) (Continued) |
||
April
30, 2022 |
Notes to Financial Statements
(Unaudited) (Continued) |
||
April
30, 2022 |
Notes to Financial Statements
(Unaudited) (Continued) |
||
April
30, 2022 |
Market
Value |
Cash
Collateral |
|||||||
Global X Silver Miners
ETF |
||||||||
Barclays Capital
Inc. |
$ |
1,363,773 |
$ |
1,521,047 |
||||
BNP Paribas Securities
Corp |
24,163,087 |
26,033,229 |
||||||
BofA Securities
Inc. |
4,829,055 |
5,222,324 |
||||||
Citigroup Global Markets
Inc. |
181,862 |
194,063 |
||||||
Credit Suisse Securities
(USA) LLC |
436,681 |
653,715 |
||||||
Goldman Sachs &
Co. |
1,208,735 |
1,270,062 |
||||||
J.P. Morgan Securities
LLC |
5,893,369 |
7,413,141 |
||||||
Morgan Stanley & Co.
LLC |
4,376,466 |
6,026,725 |
||||||
Scotia Capital (USA)
Inc |
3,460,013 |
4,518,297 |
||||||
SG Americas Securities
LLC |
644 |
698 |
||||||
UBS AG London
Branch |
153,641 |
283,529 |
||||||
UBS Securities LLC |
286,145 |
302,000 |
||||||
Wells Fargo Securities
LLC |
308,570 |
761,900 |
||||||
Total |
$ |
46,662,041 |
$ |
54,200,730 |
||||
Global X Gold Explorers
ETF |
||||||||
BofA Securities
Inc. |
$ |
2,026,471 |
$ |
2,098,477 |
||||
Citigroup Global Markets
Inc. |
35,593 |
37,235 |
||||||
Morgan Stanley & Co.
LLC |
166,612 |
174,020 |
||||||
Nomura Securities
International Inc. |
74 |
77 |
||||||
UBS AG London
Branch |
123,000 |
128,050 |
||||||
Total |
$ |
2,351,750 |
$ |
2,437,859 |
||||
Global X Copper Miners
ETF |
||||||||
Barclays Bank PLC |
$ |
44,084,855 |
$ |
45,467,188 |
||||
Barclays Capital
Inc. |
117,123 |
144,444 |
||||||
BofA Securities
Inc. |
29,865,367 |
30,925,448 |
||||||
J.P. Morgan Securities
LLC |
4,104,474 |
6,813,959 |
||||||
Morgan Stanley & Co.
LLC |
88,340 |
444,073 |
||||||
Scotia Capital (USA)
Inc |
474,138 |
1,335,600 |
||||||
UBS AG London
Branch |
866,654 |
985,069 |
||||||
UBS Securities LLC |
124,925 |
351,900 |
||||||
Total |
$ |
79,725,876 |
$ |
86,467,681 |
Notes to Financial Statements
(Unaudited) (Continued) |
||
April
30, 2022 |
Market
Value |
Cash
Collateral |
|||||||
Global X Uranium
ETF |
||||||||
Barclays Capital
Inc. |
$ |
3,728,298 |
$ |
4,007,001 |
||||
BNP Paribas Securities
Corp |
641,912 |
711,618 |
||||||
BofA Securities
Inc. |
44,644,667 |
48,259,029 |
||||||
Citigroup Global Markets
Inc. |
119,422 |
126,343 |
||||||
Credit Suisse Securities
(USA) LLC |
2,173,171 |
2,410,427 |
||||||
Goldman Sachs &
Co. |
36,891,475 |
38,729,386 |
||||||
J.P. Morgan Securities
LLC |
46,267,682 |
53,185,397 |
||||||
Morgan Stanley & Co.
LLC |
7,720,156 |
8,334,732 |
||||||
National Financial Services
LLC |
1,476,579 |
1,642,126 |
||||||
Scotia Capital (USA)
Inc. |
9,077,311 |
9,896,202 |
||||||
UBS AG London
Branch |
3,252,882 |
4,545,042 |
||||||
UBS Securities LLC |
1,355,712 |
1,424,480 |
||||||
Total |
$ |
157,349,267 |
$ |
173,271,783 |
Notes to Financial Statements
(Unaudited) (Concluded) |
||
April
30, 2022 |
Disclosure
of Fund Expenses (Unaudited) |
||
Disclosure
of Fund Expenses (Unaudited)
(Concluded) |
||
Beginning
Account
Value
11/1/2021 |
Ending
Account
Value
4/30/2022 |
Annualized
Expense
Ratios |
Expenses
Paid
During
Period(1) |
|||||||||||||
Global X Silver Miners
ETF |
||||||||||||||||
Actual Fund
Return |
$ |
1,000.00 |
$ |
862.80 |
0.65 |
% |
$ |
3.00 |
||||||||
Hypothetical 5%
Return |
1,000.00 |
1,021.57 |
0.65 |
3.26 |
||||||||||||
Global X Gold Explorers
ETF |
||||||||||||||||
Actual Fund
Return |
$ |
1,000.00 |
$ |
1,039.10 |
0.66 |
% |
$ |
3.34 |
||||||||
Hypothetical 5%
Return |
1,000.00 |
1,021.52 |
0.66 |
3.31 |
||||||||||||
Global X Copper Miners
ETF |
||||||||||||||||
Actual Fund
Return |
$ |
1,000.00 |
$ |
1,095.00 |
0.65 |
% |
$ |
3.38 |
||||||||
Hypothetical 5%
Return |
1,000.00 |
1,021.57 |
0.65 |
3.26 |
||||||||||||
Global X Uranium
ETF |
||||||||||||||||
Actual Fund
Return |
$ |
1,000.00 |
$ |
919.50 |
0.69 |
% |
$ |
3.28 |
||||||||
Hypothetical 5%
Return |
1,000.00 |
1,021.37 |
0.69 |
3.46 |
(1) |
Expenses are equal to the
Fund’s annualized expense ratio multiplied by the average account value
over the period, multiplied by 181/365 (to reflect the one-half year
period.) |
Approval
of Investment Advisory Agreement (Unaudited) | ||
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. |
Approval
of Investment Advisory Agreement (Unaudited)
(Continued) | ||
● |
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; |
● |
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. |
Approval
of Investment Advisory Agreement (Unaudited)
(Continued) | ||
Approval
of Investment Advisory Agreement (Unaudited)
(Continued) | ||
● |
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 |
● |
that, under the unified
Management Fee structure, Global X Management is responsible for most
ordinary expenses of the Renewal Funds, including the costs of various
third-party services required by the Renewal Funds, including investment
advisory, administrative, audit, certain custody, portfolio accounting,
legal, transfer agency and printing costs, but that the Renewal Funds
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. |
Approval
of Investment Advisory Agreement (Unaudited)
(Concluded) | ||
● |
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. |
Supplemental
Information (Unaudited) | ||
Notes | ||
Notes | ||
Notes | ||