UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSRS

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT

INVESTMENT COMPANIES

Investment Company Act file number 811-22209

Global X Funds

(Exact name of registrant as specified in charter)

605 Third Avenue, 43rd floor

New York, NY 10158

(Address of principal executive offices) (Zip code)

Ryan O’Connor

Global X Management Company LLC

605 Third Avenue, 43rd floor

New York, NY 10158

(Name and address of agent for service)

With a copy to:

Global X Management Company LLC 605 Third Avenue, 43rd floor New York, NY 10158 Eric S. Purple, Esq. Stradley Ronon Stevens & Young, LLP 2000 K Street, N.W., Suite 700 Washington, DC 20006-1871

Registrant’s telephone number, including area code: (212) 644-6440

Date of fiscal year end: October 31, 2024

Date of reporting period: April 30, 2024

Item 1. Reports to Stockholders.

(a) A copy of the report transmitted to stockholders pursuant to Rule 30e-1 under the Investment Company Act of 1940, as amended (the “Act”) (17 CFR § 270.30e-1), is attached hereto.

 

Global X S&P 500^® Covered Call ETF (ticker: XYLD)
Global X NASDAQ 100^® Covered Call ETF (ticker: QYLD)
Global X Russell 2000 Covered Call ETF (ticker: RYLD)
Global X Nasdaq 100^® Covered Call & Growth ETF (ticker: QYLG)
Global X S&P 500^® Covered Call & Growth ETF (ticker: XYLG)
Global X NASDAQ 100^® Risk Managed Income ETF (ticker: QRMI)
Global X S&P 500^® Risk Managed Income ETF (ticker: XRMI)
Global X Dow 30^® Covered Call ETF (ticker: DJIA)
Global X Russell 2000 Covered Call & Growth ETF (ticker: RYLG)
Global X Financials Covered Call & Growth ETF (ticker: FYLG)
Global X Health Care Covered Call & Growth ETF (ticker: HYLG)
Global X Information Technology Covered Call & Growth ETF (ticker: TYLG)
Global X NASDAQ 100 ESG Covered Call ETF (ticker: QYLE)
Global X S&P 500 ESG Covered Call ETF (ticker: XYLE)
Global X Dow 30^® Covered Call & Growth ETF (ticker: DYLG)
Global X MSCI Emerging Markets Covered Call ETF (ticker: EMCC)

Semi-Annual Report

April 30, 2024

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 S&P 500® Covered Call ETF	1
Global X NASDAQ 100® Covered Call ETF	17
Global X Russell 2000 Covered Call ETF	23
Global X Nasdaq 100® Covered Call & Growth ETF	80
Global X S&P 500® Covered Call & Growth ETF	86
Global X NASDAQ 100® Risk Managed Income ETF	102
Global X S&P 500® Risk Managed Income ETF	108
Global X Dow 30® Covered Call ETF	124
Global X Russell 2000 Covered Call & Growth ETF	127
Global X Financials Covered Call & Growth ETF	129
Global X Health Care Covered Call & Growth ETF	133
Global X Information Technology Covered Call & Growth ETF	137
Global X Nasdaq 100 ESG Covered Call ETF	141
Global X S&P 500 ESG Covered Call ETF	147
Global X Dow 30® Covered Call & Growth ETF	158
Global X MSCI Emerging Markets Covered Call ETF	161
Glossary	163
Statements of Assets and Liabilities	164
Statements of Operations	168
Statements of Changes in Net Assets	172
Financial Highlights	180
Notes to Financial Statements	192
Disclosure of Fund Expenses	220
Approval of Investment Advisory Agreement	223
Supplemental Information	231

 

Table of Contents

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’ Form N-PORT is 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 Global X Funds uses 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, 2024 (Unaudited)
Global X S&P 500® Covered Call ETF

Sector Weightings †:

 

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK — 101.7%
CHINA — 0.2%
Information Technology — 0.2%
NXP Semiconductors		16,639	$	4,262,745
UNITED STATES — 101.5%
Communication Services — 9.3%
Alphabet, Cl A *		397,123		64,643,682
Alphabet, Cl C *		332,679		54,772,271
AT&T		470,676		7,949,718
Charter Communications, Cl A *		6,574		1,682,549
Comcast, Cl A		265,607		10,122,283
Electronic Arts		15,377		1,950,111
Fox, Cl A		19,834		615,052
Fox, Cl B		7,559		216,792
Interpublic Group		29,049		884,252
Live Nation Entertainment *		9,456		840,733
Match Group *		20,718		638,529
Meta Platforms, Cl A		148,211		63,755,926
Netflix *		28,818		15,868,343
News, Cl A		23,970		570,486
News, Cl B		11,843		290,627

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

 

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Omnicom Group		13,180	$	1,223,631
Paramount Global, Cl B		41,768		475,737
Take-Two Interactive Software *		9,676		1,381,830
T-Mobile US		34,536		5,669,775
Verizon Communications		286,720		11,322,573
Walt Disney		124,759		13,860,725
Warner Bros Discovery *		153,794		1,131,924
				259,867,549
Consumer Discretionary — 10.5%
Airbnb, Cl A *		29,306		4,647,052
Amazon.com *		615,279		107,673,825
Aptiv *		18,571		1,318,541
AutoZone *		1,156		3,417,598
Bath & Body Works		17,019		773,003
Best Buy		12,367		910,706
Booking Holdings		2,355		8,129,531
BorgWarner		13,740		450,260
Caesars Entertainment *		15,868		568,392
CarMax *		11,589		787,704
Carnival *		76,016		1,126,557
Chipotle Mexican Grill, Cl A *		1,819		5,747,312
Darden Restaurants		7,954		1,220,223
Deckers Outdoor *		1,715		1,403,676
Domino’s Pizza		2,249		1,190,328
DR Horton		20,632		2,939,854
eBay		34,284		1,766,997
Etsy *		7,945		545,583
Expedia Group *		9,553		1,286,120
Ford Motor		259,828		3,156,910
Garmin		10,203		1,474,027
General Motors		76,867		3,422,888
Genuine Parts		9,228		1,450,734
Hasbro		9,375		574,687
Hilton Worldwide Holdings		16,436		3,242,494
Home Depot		66,625		22,267,407
Las Vegas Sands		22,291		988,829
Lennar, Cl A		16,466		2,496,575
LKQ		17,807		768,016

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

 

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Lowe’s		38,039	$	8,672,512
Lululemon Athletica *		7,391		2,665,195
Marriott International, Cl A		17,032		4,021,766
McDonald’s		49,365		13,478,620
MGM Resorts International *		15,331		604,655
Mohawk Industries *		3,507		404,427
NIKE, Cl B		80,642		7,440,031
Norwegian Cruise Line Holdings *		28,328		535,966
NVR *		213		1,584,475
O’Reilly Automotive *		4,030		4,083,438
Pool		2,585		937,140
PulteGroup		15,124		1,685,116
Ralph Lauren, Cl A		2,609		426,937
Ross Stores		21,685		2,809,292
Royal Caribbean Cruises *		15,879		2,217,185
Starbucks		75,030		6,639,405
Tapestry		13,426		535,966
Tesla *		187,334		34,334,576
TJX		75,203		7,075,850
Tractor Supply		7,744		2,114,732
Ulta Beauty *		3,037		1,229,499
Wynn Resorts		6,145		563,189
Yum! Brands		19,702		2,782,907
				292,588,708
Consumer Staples — 6.3%
Altria Group		119,100		5,217,771
Archer-Daniels-Midland		37,838		2,219,577
Brown-Forman, Cl B		13,426		642,434
Bunge Global		10,377		1,055,963
Campbell Soup		16,317		745,850
Church & Dwight		15,017		1,620,184
Clorox		8,510		1,258,374
Coca-Cola		264,330		16,327,664
Colgate-Palmolive		53,455		4,913,584
Conagra Brands		35,981		1,107,495
Constellation Brands, Cl A		10,955		2,776,654
Costco Wholesale		30,070		21,737,603
Dollar General		14,756		2,053,888

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

 

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Dollar Tree *		14,011	$	1,656,801
Estee Lauder, Cl A		16,304		2,391,960
General Mills		37,823		2,665,009
Hershey		9,273		1,798,220
Hormel Foods		19,292		686,023
J M Smucker		6,842		785,804
Kellanova		16,718		967,303
Kenvue		121,188		2,280,758
Keurig Dr Pepper		70,670		2,381,579
Kimberly-Clark		22,436		3,063,187
Kraft Heinz		55,709		2,150,924
Kroger		44,408		2,459,315
Lamb Weston Holdings		9,962		830,233
McCormick		18,718		1,423,691
Molson Coors Beverage, Cl B		12,150		695,709
Mondelez International, Cl A		89,650		6,449,421
Monster Beverage *		49,188		2,629,099
PepsiCo		93,349		16,421,023
Philip Morris International		106,140		10,076,932
Procter & Gamble		157,045		25,629,744
Sysco		34,263		2,546,426
Target		32,049		5,159,248
Tyson Foods, Cl A		19,517		1,183,706
Walgreens Boots Alliance		47,655		844,923
Walmart		290,522		17,242,481
				176,096,560
Energy — 4.2%
APA		20,595		647,507
Baker Hughes, Cl A		71,102		2,319,347
Chevron		117,603		18,965,836
ConocoPhillips		78,265		9,831,649
Coterra Energy		50,089		1,370,435
Devon Energy		41,346		2,116,088
Diamondback Energy		11,968		2,407,124
EOG Resources		40,438		5,343,073
EQT		27,171		1,089,285
Exxon Mobil		268,285		31,730,067
Halliburton		59,237		2,219,610

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

 

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Hess		18,812	$	2,962,702
Kinder Morgan		136,236		2,490,394
Marathon Oil		38,958		1,046,022
Marathon Petroleum		24,491		4,450,505
Occidental Petroleum		43,036		2,846,401
ONEOK		39,663		3,138,137
Phillips 66		28,634		4,100,675
Pioneer Natural Resources		16,082		4,331,204
Schlumberger		92,762		4,404,340
Targa Resources		13,715		1,564,333
Valero Energy		23,323		3,728,648
Williams		80,990		3,106,777
				116,210,159
Financials — 13.3%
Aflac		33,814		2,828,541
Allstate		18,322		3,115,839
American Express		37,947		8,880,736
American International Group		44,988		3,388,046
Ameriprise Financial		6,418		2,642,868
Aon PLC, Cl A		13,415		3,783,164
Arch Capital Group *		23,842		2,230,181
Arthur J Gallagher		13,864		3,253,742
Assurant		3,076		536,454
Bank of America		467,274		17,293,811
Bank of New York Mellon		48,901		2,762,417
Berkshire Hathaway, Cl B *		122,714		48,684,325
BlackRock, Cl A		9,637		7,272,466
Blackstone		47,600		5,550,636
Brown & Brown		15,735		1,283,032
Capital One Financial		26,118		3,746,105
Cboe Global Markets		7,247		1,312,794
Charles Schwab		99,097		7,328,223
Chubb		26,770		6,656,093
Cincinnati Financial		10,424		1,205,953
Citigroup		126,721		7,771,799
Citizens Financial Group		31,579		1,077,160
CME Group, Cl A		23,428		4,911,446
Comerica		11,483		576,102

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

 

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Corpay *		5,117	$	1,546,050
Discover Financial Services		16,578		2,100,930
Everest Group		3,165		1,159,688
FactSet Research Systems		2,776		1,157,287
Fidelity National Information Services		39,441		2,678,833
Fifth Third Bancorp		42,891		1,563,806
Fiserv *		39,254		5,992,908
Franklin Resources		16,442		375,535
Global Payments		18,016		2,211,824
Globe Life		5,698		434,017
Goldman Sachs Group		22,338		9,531,848
Hartford Financial Services Group		19,987		1,936,540
Huntington Bancshares		98,036		1,320,545
Intercontinental Exchange		37,247		4,795,924
Invesco		34,662		491,161
Jack Henry & Associates		4,721		768,059
JPMorgan Chase		195,194		37,426,498
KeyCorp		61,686		893,830
Loews		14,024		1,053,904
M&T Bank		10,400		1,501,656
MarketAxess Holdings		2,745		549,247
Marsh & McLennan		32,752		6,531,731
Mastercard, Cl A		55,195		24,903,984
MetLife		39,573		2,812,849
Moody’s		10,158		3,761,812
Morgan Stanley		83,015		7,541,083
MSCI, Cl A		5,260		2,450,055
Nasdaq		24,715		1,479,193
Northern Trust		14,152		1,165,983
PayPal Holdings *		71,367		4,847,247
PNC Financial Services Group		25,729		3,943,227
Principal Financial Group		15,807		1,250,966
Progressive		38,961		8,113,628
Prudential Financial		24,048		2,656,823
Raymond James Financial		11,667		1,423,374
Regions Financial		63,425		1,222,200
S&P Global		21,370		8,886,287
State Street		22,100		1,602,029
Synchrony Financial		24,083		1,059,170

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

 

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
T Rowe Price Group		14,865	$	1,628,758
Travelers		14,635		3,104,962
Truist Financial		88,799		3,334,402
US Bancorp		100,848		4,097,454
Visa, Cl A		106,926		28,721,393
W R Berkley		13,696		1,054,181
Wells Fargo		240,594		14,272,036
Willis Towers Watson		6,870		1,725,332
				371,172,182
Health Care — 12.5%
Abbott Laboratories		118,233		12,529,151
AbbVie		119,671		19,463,291
Agilent Technologies		18,543		2,541,133
Align Technology *		4,317		1,219,035
Amgen		35,356		9,685,423
Baxter International		30,493		1,231,002
Becton Dickinson		18,852		4,422,679
Biogen *		9,887		2,123,925
Bio-Rad Laboratories, Cl A *		1,574		424,587
Bio-Techne		9,781		618,257
Boston Scientific *		99,270		7,134,535
Bristol-Myers Squibb		133,445		5,863,573
Cardinal Health		16,455		1,695,523
Catalent *		11,399		636,634
Cencora		11,626		2,779,195
Centene *		34,964		2,554,470
Charles River Laboratories International *		3,592		822,568
Cigna Group		19,194		6,853,026
Cooper		14,458		1,287,630
CVS Health		83,793		5,673,624
Danaher		44,927		11,079,897
DaVita *		3,575		496,961
Dexcom *		25,661		3,268,955
Edwards Lifesciences *		38,983		3,300,691
Elevance Health		16,117		8,519,124
Eli Lilly		53,809		42,030,210
GE HealthCare Technologies		27,790		2,118,710
Gilead Sciences		82,961		5,409,057

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

 

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
HCA Healthcare		13,625	$	4,221,298
Henry Schein *		7,909		547,936
Hologic *		14,442		1,094,270
Humana		8,147		2,461,127
IDEXX Laboratories *		5,525		2,722,499
Illumina *		9,889		1,216,841
Incyte *		12,380		644,379
Insulet *		5,330		916,440
Intuitive Surgical *		24,152		8,951,214
IQVIA Holdings *		12,477		2,891,794
Johnson & Johnson		162,932		23,558,338
Laboratory Corp of America Holdings		5,522		1,111,965
McKesson		9,005		4,837,576
Medtronic PLC		87,478		7,019,235
Merck		171,655		22,181,259
Mettler-Toledo International *		1,472		1,810,118
Moderna *		22,309		2,460,906
Molina Healthcare *		3,564		1,219,244
Pfizer		373,179		9,560,846
Quest Diagnostics		7,617		1,052,517
Regeneron Pharmaceuticals *		7,034		6,264,902
ResMed		9,239		1,977,054
Revvity		8,477		868,638
Solventum *		8,861		576,054
STERIS		6,127		1,253,339
Stryker		22,521		7,578,317
Teleflex		3,243		676,976
Thermo Fisher Scientific		26,263		14,936,293
UnitedHealth Group		62,492		30,227,380
Universal Health Services, Cl B		3,815		650,190
Vertex Pharmaceuticals *		17,170		6,744,548
Viatris		79,130		915,534
Waters *		3,926		1,213,291
West Pharmaceutical Services		5,071		1,812,781
Zimmer Biomet Holdings		13,272		1,596,356
Zoetis, Cl A		31,104		4,953,001
				348,507,322

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

 

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — 8.9%
3M		35,420	$	3,418,384
A O Smith		8,111		671,915
Allegion		5,841		710,032
American Airlines Group *		41,908		566,177
AMETEK		15,726		2,746,703
Automatic Data Processing		27,350		6,615,692
Axon Enterprise *		4,683		1,468,870
Boeing *		37,951		6,369,696
Broadridge Financial Solutions		8,209		1,587,703
Builders FirstSource *		8,139		1,487,972
Carrier Global		57,597		3,541,640
Caterpillar		33,746		11,290,399
CH Robinson Worldwide		9,580		680,180
Cintas		5,574		3,669,587
Copart *		57,779		3,137,978
CSX		131,576		4,370,955
Cummins		9,649		2,725,746
Dayforce *		9,999		613,639
Deere		17,547		6,868,071
Delta Air Lines		43,140		2,160,020
Dover		9,267		1,661,573
Eaton		26,582		8,459,987
Emerson Electric		39,986		4,309,691
Equifax		7,992		1,759,759
Expeditors International of Washington		9,514		1,059,003
Fastenal		38,113		2,589,397
FedEx		15,313		4,008,637
Fortive		22,209		1,671,671
GE Vernova *		17,976		2,763,091
Generac Holdings *		5,276		717,325
General Dynamics		15,849		4,550,089
General Electric		74,293		12,022,093
Honeywell International		45,189		8,709,276
Howmet Aerospace		25,722		1,716,944
Hubbell, Cl B		3,898		1,444,287
Huntington Ingalls Industries		2,522		698,418
IDEX		5,029		1,108,693
Illinois Tool Works		17,793		4,343,449
Ingersoll Rand		27,269		2,544,743

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

 

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Jacobs Solutions		8,371	$	1,201,490
JB Hunt Transport Services		5,552		902,589
Johnson Controls International		45,348		2,950,794
L3Harris Technologies		13,298		2,846,437
Leidos Holdings		9,214		1,291,987
Lockheed Martin		14,452		6,719,168
Masco		14,635		1,001,766
Nordson		4,082		1,053,932
Norfolk Southern		14,577		3,357,375
Northrop Grumman		9,399		4,558,797
Old Dominion Freight Line		12,578		2,285,548
Otis Worldwide		26,994		2,461,853
PACCAR		35,947		3,814,336
Parker-Hannifin		8,326		4,536,921
Paychex		21,324		2,533,504
Paycom Software		3,843		722,407
Pentair		10,677		844,444
Quanta Services		10,091		2,609,129
Republic Services, Cl A		13,835		2,652,170
Robert Half		6,849		473,540
Rockwell Automation		7,790		2,110,778
Rollins		15,797		703,914
RTX		88,337		8,967,972
Snap-On		3,502		938,396
Southwest Airlines		40,124		1,040,817
Stanley Black & Decker		11,207		1,024,320
Textron		13,048		1,103,730
Trane Technologies		14,769		4,686,794
TransDigm Group		3,807		4,751,250
Uber Technologies *		136,094		9,018,949
Union Pacific		40,274		9,551,382
United Airlines Holdings *		22,891		1,177,971
United Parcel Service, Cl B		47,498		7,005,005
United Rentals		4,424		2,955,188
Veralto		14,603		1,368,009
Verisk Analytics, Cl A		9,870		2,151,265
Waste Management		23,848		4,960,861
Westinghouse Air Brake Technologies		10,937		1,761,732
WW Grainger		3,048		2,808,275

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

 

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Xylem		16,166	$	2,112,896
				249,857,176
Information Technology — 29.5%
Accenture, Cl A		41,673		12,539,822
Adobe *		30,240		13,995,979
Advanced Micro Devices *		109,710		17,375,870
Akamai Technologies *		10,054		1,014,750
Amphenol, Cl A		41,832		5,052,051
Analog Devices		32,640		6,547,910
ANSYS *		5,776		1,876,507
Apple		976,559		166,337,294
Applied Materials		55,348		10,994,880
Arista Networks *		16,880		4,330,733
Autodesk *		13,765		2,929,880
Broadcom		29,722		38,646,625
Cadence Design Systems *		17,751		4,892,708
CDW		9,472		2,290,898
Cisco Systems		276,577		12,993,587
Cognizant Technology Solutions, Cl A		33,153		2,177,489
Corning		50,866		1,697,907
Enphase Energy *		8,883		966,115
EPAM Systems *		3,831		901,281
F5 *		3,651		603,547
Fair Isaac *		1,684		1,908,528
First Solar *		7,524		1,326,481
Fortinet *		40,605		2,565,424
Gartner *		5,485		2,263,056
Gen Digital		41,601		837,844
Hewlett Packard Enterprise		86,570		1,471,690
HP		54,896		1,542,029
Intel		288,994		8,805,647
International Business Machines		62,412		10,372,874
Intuit		18,574		11,620,266
Jabil		8,322		976,670
Juniper Networks		20,540		715,203
Keysight Technologies *		11,622		1,719,359
KLA		9,012		6,211,882
Lam Research		8,669		7,753,640

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

 

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Microchip Technology		34,488	$	3,172,206
Micron Technology		74,601		8,426,929
Microsoft		499,807		194,589,859
Monolithic Power Systems		2,998		2,006,651
Motorola Solutions		10,685		3,623,818
NetApp		12,742		1,302,360
NVIDIA		166,201		143,600,988
ON Semiconductor *		29,299		2,055,618
Oracle		108,623		12,355,866
Palo Alto Networks *		20,857		6,067,093
PTC *		7,964		1,413,132
Qorvo *		6,427		750,931
QUALCOMM		76,053		12,613,390
Roper Technologies		6,894		3,526,005
Salesforce		64,702		17,400,956
Seagate Technology Holdings		12,543		1,077,569
ServiceNow *		13,552		9,396,008
Skyworks Solutions		10,657		1,135,930
Super Micro Computer *		3,252		2,792,818
Synopsys *		10,167		5,394,509
TE Connectivity		19,818		2,803,851
Teledyne Technologies *		2,865		1,092,940
Teradyne		10,191		1,185,417
Texas Instruments		62,140		10,962,739
Trimble *		15,680		941,898
Tyler Technologies *		2,771		1,278,955
VeriSign *		5,392		913,836
Western Digital *		21,595		1,529,574
Zebra Technologies, Cl A *		3,895		1,225,211
				822,893,483
Materials — 2.4%
Air Products & Chemicals		14,242		3,365,954
Albemarle		7,635		918,567
Amcor		98,568		881,198
Avery Dennison		5,948		1,292,382
Ball		20,465		1,423,750
Celanese, Cl A		6,679		1,025,961
CF Industries Holdings		13,010		1,027,400

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

 

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
Corteva		46,720	$	2,528,954
Dow		47,708		2,714,585
DuPont de Nemours		27,999		2,029,928
Eastman Chemical		7,813		737,860
Ecolab		17,335		3,920,310
FMC		8,312		490,491
Freeport-McMoRan		99,743		4,981,166
International Flavors & Fragrances		15,304		1,295,484
International Paper		22,798		796,562
Linde PLC		32,950		14,529,632
LyondellBasell Industries, Cl A		15,666		1,566,130
Martin Marietta Materials		3,888		2,282,528
Mosaic		22,088		693,342
Newmont		76,738		3,118,632
Nucor		15,689		2,644,067
Packaging Corp of America		6,698		1,158,620
PPG Industries		14,771		1,905,459
Sherwin-Williams		15,830		4,742,826
Steel Dynamics		9,849		1,281,552
Vulcan Materials		8,975		2,312,229
Westrock		16,146		774,362
				66,439,931
Real Estate — 2.2%
Alexandria Real Estate Equities ‡		11,634		1,348,032
American Tower ‡		31,050		5,326,938
AvalonBay Communities ‡		9,539		1,808,308
Boston Properties ‡		10,680		660,985
Camden Property Trust ‡		5,746		572,761
CBRE Group, Cl A *		20,434		1,775,510
CoStar Group *		27,188		2,488,518
Crown Castle ‡		27,734		2,600,895
Digital Realty Trust ‡		20,003		2,776,016
Equinix ‡		6,126		4,356,260
Equity Residential ‡		23,629		1,521,708
Essex Property Trust ‡		4,876		1,200,715
Extra Space Storage ‡		14,277		1,917,116
Federal Realty Investment Trust ‡		4,191		436,576
Healthpeak Properties ‡		45,211		841,377

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

 

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Host Hotels & Resorts ‡		53,314	$	1,006,035
Invitation Homes ‡		35,175		1,202,985
Iron Mountain ‡		19,437		1,506,756
Kimco Realty ‡		41,063		765,004
Mid-America Apartment Communities ‡		7,510		976,300
ProLogis ‡		60,845		6,209,232
Public Storage ‡		10,525		2,730,711
Realty Income ‡		55,376		2,964,831
Regency Centers ‡		13,304		787,863
SBA Communications, Cl A ‡		7,727		1,438,149
Simon Property Group ‡		20,891		2,935,812
UDR ‡		19,692		749,871
Ventas ‡		27,524		1,218,763
VICI Properties, Cl A ‡		67,274		1,920,673
Welltower ‡		37,785		3,600,155
Weyerhaeuser ‡		48,577		1,465,568
				61,110,423
Utilities — 2.4%
AES		42,023		752,212
Alliant Energy		15,954		794,509
Ameren		17,496		1,292,429
American Electric Power		36,472		3,137,686
American Water Works		12,986		1,588,447
Atmos Energy		11,102		1,308,926
CenterPoint Energy		42,030		1,224,754
CMS Energy		19,601		1,188,017
Consolidated Edison		24,179		2,282,498
Constellation Energy		21,066		3,917,012
Dominion Energy		55,717		2,840,453
DTE Energy		14,253		1,572,391
Duke Energy		51,345		5,045,160
Edison International		25,617		1,820,344
Entergy		14,917		1,591,196
Evergy		17,486		917,141
Eversource Energy		20,927		1,268,595
Exelon		66,251		2,489,713
FirstEnergy		34,385		1,318,321
NextEra Energy		136,601		9,148,169

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

 

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Utilities — continued
NiSource		27,118	$	755,507
NRG Energy		14,427		1,048,410
PG&E		142,025		2,430,048
Pinnacle West Capital		6,641		489,110
PPL		51,403		1,411,526
Public Service Enterprise Group		35,055		2,421,599
Sempra		41,903		3,001,512
Southern		72,628		5,338,158
WEC Energy Group		21,083		1,742,299
Xcel Energy		38,584		2,073,118
				66,209,260
TOTAL UNITED STATES				2,830,952,753
TOTAL COMMON STOCK (Cost $2,241,081,989)				2,835,215,498
TOTAL INVESTMENTS — 101.7% (Cost $2,241,081,989)			$	2,835,215,498
WRITTEN OPTIONS— (1.8)% (Premiums Received $(48,030,031))			$	(50,895,200	)

Percentages are based on Net Assets of $2,787,818,336.

A list of the exchange traded option contracts held by the Fund at April 30, 2024, is as follows:

Description	Number of Contracts			Notional Amount			Exercise Price		Expiration Date		Value
WRITTEN OPTIONS — (1.8)%
Call Options
S&P 500 Index		(5,630	)	$	(2,835,093,470	)	$	5,005		05/17/24	$	(50,895,200	)

*	Non-income producing security.
‡	Real Estate Investment Trust

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

 

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Covered Call ETF

The following is a summary of the level of inputs used as of April 30, 2024, in valuing the Fund’s investments and other financial instruments carried at value:

Investments in Securities	Level 1			Level 2		Level 3		Total
Common Stock	$	2,835,215,498		$	—	$	—	$	2,835,215,498
Total Investments in Securities	$	2,835,215,498		$	—	$	—	$	2,835,215,498
Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(50,895,200	)	$	—	$	—	$	(50,895,200	)
Total Other Financial Instruments	$	(50,895,200	)	$	—	$	—	$	(50,895,200	)

See “Glossary” for abbreviations.

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

Schedule of Investments April 30, 2024 (Unaudited)

Global X NASDAQ 100^® Covered Call ETF

Sector Weightings †:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK — 102.5%
BRAZIL — 0.6%
Consumer Discretionary — 0.6%
MercadoLibre *		31,326	$	45,695,236
CHINA — 1.1%
Consumer Discretionary — 0.6%
PDD Holdings ADR *		412,335		51,616,096
Information Technology — 0.5%
NXP Semiconductors		158,280		40,549,753
TOTAL CHINA				92,165,849
NETHERLANDS — 0.6%
Information Technology — 0.6%
ASML Holding, Cl G		53,302		46,504,396
UNITED KINGDOM — 0.6%
Consumer Staples — 0.3%
Coca-Cola Europacific Partners		277,255		19,967,905

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

17

Schedule of Investments April 30, 2024 (Unaudited)

Global X NASDAQ 100^® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — 0.3%
AstraZeneca ADR		359,490	$	27,278,101
TOTAL UNITED KINGDOM				47,246,006
UNITED STATES — 99.6%
Communication Services — 16.0%
Alphabet, Cl A *		1,408,520		229,278,886
Alphabet, Cl C *		1,355,474		223,165,239
Charter Communications, Cl A *		89,657		22,946,813
Comcast, Cl A		2,446,191		93,224,339
Electronic Arts		162,660		20,628,541
Meta Platforms, Cl A		836,528		359,849,250
Netflix *		267,173		147,116,141
Sirius XM Holdings		2,319,423		6,819,104
Take-Two Interactive Software *		103,213		14,739,848
T-Mobile US		732,695		120,286,538
Trade Desk, Cl A *		274,725		22,760,966
Warner Bros Discovery *		1,477,029		10,870,933
				1,271,686,598
Consumer Discretionary — 12.4%
Airbnb, Cl A *		270,455		42,886,049
Amazon.com *		2,482,689		434,470,575
Booking Holdings		21,053		72,675,588
DoorDash, Cl A *		232,582		30,063,549
Lululemon Athletica *		73,908		26,651,225
Marriott International, Cl A		178,718		42,200,681
O’Reilly Automotive *		36,464		36,947,513
Ross Stores		207,878		26,930,595
Starbucks		698,923		61,847,696
Tesla *		1,152,189		211,173,200
				985,846,671
Consumer Staples — 6.6%
Costco Wholesale		273,931		198,024,720
Dollar Tree *		132,199		15,632,532
Keurig Dr Pepper		856,636		28,868,633
Kraft Heinz		748,857		28,913,369
Mondelez International, Cl A		831,214		59,797,535
Monster Beverage *		642,419		34,337,295

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

18

Schedule of Investments April 30, 2024 (Unaudited)

Global X NASDAQ 100^® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
PepsiCo		848,527	$	149,264,385
Walgreens Boots Alliance		521,611		9,248,163
				524,086,632
Energy — 0.5%
Baker Hughes, Cl A		617,926		20,156,746
Diamondback Energy		110,124		22,149,240
				42,305,986
Financials — 0.6%
PayPal Holdings *		661,583		44,934,717
Health Care — 6.0%
Amgen		330,821		90,625,105
Biogen *		88,278		18,963,880
Dexcom *		237,974		30,315,508
GE HealthCare Technologies		281,096		21,430,759
Gilead Sciences		769,080		50,144,016
IDEXX Laboratories *		51,283		25,270,211
Illumina *		96,079		11,822,521
Intuitive Surgical *		217,526		80,619,486
Moderna *		235,854		26,017,055
Regeneron Pharmaceuticals *		66,596		59,314,393
Vertex Pharmaceuticals *		159,419		62,621,377
				477,144,311
Industrials — 4.8%
Automatic Data Processing		253,638		61,352,496
Cintas		62,547		41,177,192
Copart *		593,548		32,235,592
CSX		1,209,406		40,176,467
Fastenal		353,286		24,002,251
Honeywell International		402,634		77,599,651
Old Dominion Freight Line		134,384		24,418,917
PACCAR		323,406		34,316,611
Paychex		223,013		26,496,174
Verisk Analytics, Cl A		87,122		18,989,111
				380,764,462

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

19

Schedule of Investments April 30, 2024 (Unaudited)

Global X NASDAQ 100^® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — 49.5%
Adobe *		279,027	$	129,142,066
Advanced Micro Devices *		997,502		157,984,367
Analog Devices		306,170		61,420,764
ANSYS *		52,689		17,117,602
Apple		3,690,831		628,659,244
Applied Materials		512,924		101,892,353
Atlassian, Cl A *		95,452		16,446,380
Autodesk *		132,068		28,110,674
Broadcom		286,064		371,960,437
Cadence Design Systems *		168,093		46,331,474
CDW		81,618		19,740,129
Cisco Systems		2,499,744		117,437,973
Cognizant Technology Solutions, Cl A		302,674		19,879,628
Crowdstrike Holdings, Cl A *		140,517		41,106,843
Datadog, Cl A *		188,850		23,700,675
Fortinet *		471,020		29,759,044
GLOBALFOUNDRIES *		332,107		16,233,390
Intel		2,610,094		79,529,564
Intuit		172,861		108,145,299
KLA		83,501		57,556,404
Lam Research		80,956		72,407,856
Marvell Technology		533,718		35,177,353
Microchip Technology		333,575		30,682,229
Micron Technology		681,493		76,981,449
Microsoft		1,775,983		691,443,461
MongoDB, Cl A *		43,782		15,988,311
NVIDIA		597,526		516,274,415
ON Semiconductor *		259,603		18,213,746
Palo Alto Networks *		199,429		58,011,902
QUALCOMM		688,942		114,261,031
Roper Technologies		66,028		33,770,681
Synopsys *		94,165		49,963,007
Texas Instruments		561,312		99,026,663
Workday, Cl A *		129,040		31,579,959
Zscaler *		90,008		15,565,984
				3,931,502,357

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

20

Schedule of Investments April 30, 2024 (Unaudited)

Global X NASDAQ 100^® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Materials — 1.6%
Linde PLC		297,340	$	131,115,047
Real Estate — 0.3%
CoStar Group *		252,171		23,081,212
Utilities — 1.3%
American Electric Power		324,824		27,944,609
Constellation Energy		195,465		36,344,762
Exelon		617,007		23,187,123
Xcel Energy		336,556		18,083,154
				105,559,648
TOTAL UNITED STATES				7,918,027,641
TOTAL COMMON STOCK (Cost $5,696,253,281)				8,149,639,128
TOTAL INVESTMENTS — 102.5% (Cost $5,696,253,281)			$	8,149,639,128
WRITTEN OPTIONS— (2.6)% (Premiums Received $(170,088,337))			$	(208,931,840	)

Percentages are based on Net Assets of $7,947,496,867.

A list of the exchange traded option contracts held by the Fund at April 30, 2024, is as follows:

Description	Number of Contracts			Notional Amount			Exercise Price		Expiration Date	Value
WRITTEN OPTIONS — (2.6)%
Call Options
Nasdaq-100		(4,672	)	$	(8,148,290,368	)	$	17,250	05/17/24	$	(208,931,840	)

* Non-income producing security.

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

21

Schedule of Investments April 30, 2024 (Unaudited)

Global X NASDAQ 100^® Covered Call ETF

The following is a summary of the level of inputs used as of April 30, 2024, in valuing the Fund’s investments and other financial instruments carried at value:

Investments in Securities	Level 1			Level 2		Level 3		Total
Common Stock	$	8,149,639,128		$	—	$	—	$	8,149,639,128
Total Investments in Securities	$	8,149,639,128		$	—	$	—	$	8,149,639,128
Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(208,931,840	)	$	—	$	—	$	(208,931,840	)
Total Other Financial Instruments	$	(208,931,840	)	$	—	$	—	$	(208,931,840	)

See “Glossary” for abbreviations.

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

22

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

Sector Weightings †:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK — 80.9%
BAHAMAS — 0.0%
Consumer Discretionary — 0.0%
OneSpaWorld Holdings *		37,553	$	477,674
BERMUDA — 0.2%
Energy — 0.0%
Teekay *		49,003		358,702
Financials — 0.2%
Bank of NT Butterfield & Son		22,896		778,464
Fidelis Insurance Holdings		27,400		509,092
Hamilton Insurance Group, Cl B *		7,546		102,475
SiriusPoint *		52,035		612,972
				2,003,003
Industrials — 0.0%
Himalaya Shipping		15,759		128,751
TOTAL BERMUDA				2,490,456

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

23

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
BRAZIL — 0.2%
Financials — 0.2%
Pagseguro Digital, Cl A *		89,399	$	1,113,017
StoneCo, Cl A *		132,303		2,063,927
TOTAL BRAZIL				3,176,944
CAMEROON — 0.1%
Energy — 0.1%
Golar LNG		45,612		1,118,406
CANADA — 0.2%
Consumer Staples — 0.0%
SunOpta *		40,348		264,280
Energy — 0.1%
Encore Energy *		1		4
Teekay Tankers, Cl A		11,110		647,380
				647,384
Financials — 0.0%
Kingsway Financial Services *		7,322		65,166
Health Care — 0.0%
Aurinia Pharmaceuticals *		60,419		307,533
Fennec Pharmaceuticals *		10,398		95,453
				402,986
Industrials — 0.0%
Brookfield Business, Cl A		11,675		237,586
Li-Cycle Holdings *		1		1
				237,587
Materials — 0.0%
i-80 Gold *		1		1
NioCorp Developments *		1		2
Novagold Resources *		1		3
				6

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

24

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Utilities — 0.1%
Brookfield Infrastructure, Cl A		54,907	$	1,673,016
TOTAL CANADA				3,290,425
CAYMAN ISLANDS — 0.0%
Consumer Discretionary — 0.0%
Livewire Group *		6,872		45,974
Financials — 0.0%
Patria Investments, Cl A		25,362		339,851
TOTAL CAYMAN ISLANDS				385,825
CHINA — 0.0%
Information Technology — 0.0%
Bit Digital *		1		2
indie Semiconductor, Cl A *		62,955		353,807
TOTAL CHINA				353,809
GERMANY — 0.1%
Materials — 0.1%
Orion		26,461		626,067
GHANA — 0.1%
Energy — 0.1%
Kosmos Energy *		205,527		1,165,338
GIBRALTAR — 0.0%
Consumer Staples — 0.0%
Forafric Global *		4,326		44,428
GUERNSEY — 0.0%
Consumer Discretionary — 0.0%
Super Group SGHC *		1		3

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

25

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
IRELAND — 0.1%
Energy — 0.0%
Ardmore Shipping		18,427	$	308,652
Health Care — 0.0%
Prothena *		19,349		393,559
Industrials — 0.1%
Cimpress *		8,069		688,044
TOTAL IRELAND				1,390,255
ISRAEL — 0.1%
Health Care — 0.0%
Nano-X Imaging, Cl X *		22,381		200,534
Information Technology — 0.1%
Sapiens International		14,240		438,592
TOTAL ISRAEL				639,126
JERSEY — 0.2%
Materials — 0.2%
Arcadium Lithium *		462,795		2,036,298
MALTA — 0.0%
Communication Services — 0.0%
Gambling.com Group *		3,671		31,754
MEXICO — 0.0%
Energy — 0.0%
Borr Drilling		112,613		596,849
MONACO — 0.1%
Energy — 0.1%
Scorpio Tankers		23,640		1,663,311
Industrials — 0.0%
Costamare		21,890		262,242

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

26

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Safe Bulkers		1	$	5
				262,247
TOTAL MONACO				1,925,558
NORWAY — 0.2%
Energy — 0.1%
FLEX LNG		13,963		363,178
Seadrill *		22,782		1,106,066
SFL		49,682		662,261
				2,131,505
Industrials — 0.1%
Golden Ocean Group		55,409		780,713
TOTAL NORWAY				2,912,218
PANAMA — 0.0%
Financials — 0.0%
Banco Latinoamericano de Comercio Exterior, Cl E		12,522		355,750
PUERTO RICO — 0.3%
Communication Services — 0.1%
Liberty Latin America, Cl A *		16,493		124,522
Liberty Latin America, Cl C *		63,564		479,273
				603,795
Financials — 0.2%
EVERTEC		30,023		1,126,763
First BanCorp		83,523		1,440,772
OFG Bancorp		21,279		768,384
				3,335,919
TOTAL PUERTO RICO				3,939,714
SINGAPORE — 0.1%
Communication Services — 0.0%
Grindr *		21,848		213,892

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

27

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — 0.1%
Kulicke & Soffa Industries		25,569	$	1,183,333
TOTAL SINGAPORE				1,397,225
SOUTH AFRICA — 0.0%
Materials — 0.0%
Caledonia Mining		8,946		87,760
THAILAND — 0.2%
Information Technology — 0.2%
Fabrinet *		16,735		2,896,326
UNITED KINGDOM — 0.0%
Health Care — 0.0%
Zura Bio, Cl A *		1		4
Industrials — 0.0%
Luxfer Holdings		12,150		117,005
TOTAL UNITED KINGDOM				117,009
UNITED STATES — 78.7%
Communication Services — 1.6%
Advantage Solutions *		1		4
AMC Networks, Cl A *		13,913		147,756
Anterix *		8,236		259,599
AST SpaceMobile, Cl A *		1		2
Atlanta Braves Holdings, Cl A *		4,604		185,725
Atlanta Braves Holdings, Cl C *		21,402		801,077
ATN International		4,949		94,427
Bandwidth, Cl A *		10,561		192,210
Boston Omaha, Cl A *		10,381		160,283
Bumble, Cl A *		45,130		455,813
Cardlytics *		18,771		229,945
Cargurus, Cl A *		49,170		1,104,358
Cars.com *		29,699		496,270
Chicken Soup For The Soul Entertainment, Cl A *		1		—
Cinemark Holdings *		49,483		848,139
Clear Channel Outdoor Holdings, Cl A *		1		1

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

28

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Cogent Communications Holdings		19,972	$	1,281,803
Consolidated Communications Holdings *		1		4
DHI Group *		1		2
EchoStar, Cl A *		54,851		877,068
Emerald Holding *		12,101		69,581
Entravision Communications, Cl A		1		2
Eventbrite, Cl A *		34,805		183,770
EverQuote, Cl A *		8,145		164,285
EW Scripps, Cl A *		24,766		93,120
fuboTV *		1		2
Gannett *		1		2
Globalstar *		1		1
Gogo *		30,432		275,714
Gray Television		36,295		208,696
IDT, Cl B		6,963		247,465
iHeartMedia, Cl A *		1		2
IMAX *		21,399		342,598
Integral Ad Science Holding *		30,568		293,147
John Wiley & Sons, Cl A		19,509		732,953
Lions Gate Entertainment, Cl A *		23,892		241,070
Lions Gate Entertainment, Cl B *		53,047		500,233
Loop Media *		1		—
Lumen Technologies *		1		1
Madison Square Garden Entertainment, Cl A *		19,661		769,728
Magnite *		58,167		513,615
Marcus		10,412		135,773
MediaAlpha, Cl A *		10,547		213,577
Nextdoor Holdings *		1		2
Outbrain *		11,814		47,847
Playstudios *		1		2
PubMatic, Cl A *		20,006		448,935
QuinStreet *		22,452		406,157
Reservoir Media *		8,401		75,189
Scholastic		13,744		489,561
Shenandoah Telecommunications		21,869		280,361
Shutterstock		11,290		482,196
Sinclair		19,040		234,192
Sphere Entertainment *		11,969		465,115
Spok Holdings		9,495		146,698

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

29

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Stagwell, Cl A *		47,748	$	284,101
System1 *		1		2
TechTarget *		11,786		324,115
TEGNA		100,910		1,376,412
Telephone and Data Systems		44,217		691,996
Thryv Holdings *		16,815		386,913
Townsquare Media, Cl A		7,102		85,721
TrueCar *		1		3
Urban One *		1		2
Urban One, Cl A *		1		2
Vimeo *		59,315		212,941
Vivid Seats, Cl A *		37,786		198,754
WideOpenWest *		22,515		80,379
Yelp, Cl A *		30,617		1,232,028
Ziff Davis *		21,521		1,078,417
ZipRecruiter, Cl A *		35,718		367,181
				21,515,043
Consumer Discretionary — 8.8%
1-800-Flowers.com, Cl A *		10,860		98,500
2U *		1		—
Aaron’s		14,220		98,260
Abercrombie & Fitch, Cl A *		22,970		2,791,314
Academy Sports & Outdoors		35,457		2,067,143
Accel Entertainment, Cl A *		24,148		259,350
Acushnet Holdings		14,665		894,272
Adient *		43,451		1,297,881
Adtalem Global Education *		20,529		1,018,649
Allbirds, Cl A *		1		1
American Axle & Manufacturing Holdings *		51,046		374,678
American Eagle Outfitters		82,169		1,993,420
America’s Car-Mart *		2,799		160,215
AMMO *		1		3
Arko		36,905		158,691
Asbury Automotive Group *		10,218		2,148,232
Bally’s *		16,695		219,372
BARK *		1		1
Beazer Homes USA *		13,176		369,323
Beyond *		24,953		502,304

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

30

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Big 5 Sporting Goods		9,816	$	34,749
Big Lots		12,716		44,760
Biglari Holdings, Cl B *		340		67,017
BJ’s Restaurants *		10,189		332,060
Bloomin’ Brands		39,926		1,029,692
Boot Barn Holdings *		14,016		1,492,284
Bowlero		17,514		205,789
Brinker International *		19,747		1,058,439
Buckle		13,641		510,037
Build-A-Bear Workshop, Cl A		5,927		178,758
Caleres		15,728		579,262
Camping World Holdings, Cl A		19,181		388,799
CarParts.com *		1		1
Carriage Services, Cl A		6,416		164,121
Carrols Restaurant Group		21,103		200,901
Carvana, Cl A *		46,677		3,870,457
Cato, Cl A		7,975		38,439
Cavco Industries *		4,430		1,613,450
Century Casinos *		1		3
Century Communities		13,478		1,069,075
Cheesecake Factory		22,140		764,273
Chegg *		53,289		275,504
Children’s Place *		5,914		41,161
Chuy’s Holdings *		8,607		253,562
Clarus		11,872		75,150
ContextLogic, Cl A *		8,000		44,400
Cooper-Standard Holdings *		23,623		364,503
Coursera *		57,451		587,149
Cracker Barrel Old Country Store		9,919		577,187
Cricut, Cl A		35,325		187,929
Dana		59,278		736,826
Dave & Buster’s Entertainment *		19,298		1,030,513
Denny’s *		25,181		201,952
Designer Brands, Cl A		25,968		241,243
Destination XL Group *		24,746		79,435
Dillard’s, Cl A		2,131		933,357
Dine Brands Global		6,933		305,745
Dorman Products *		12,128		1,060,594
Dream Finders Homes, Cl A *		18,714		664,347

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

31

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Duluth Holdings, Cl B *		5,057	$	21,290
Duolingo, Cl A *		14,546		3,283,759
El Pollo Loco Holdings *		12,725		108,417
Envela *		6,280		26,941
Escalade		5,929		73,875
Ethan Allen Interiors		10,537		297,565
European Wax Center, Cl A *		17,368		204,248
Everi Holdings *		37,720		308,172
EVgo, Cl A *		1		2
Figs, Cl A *		52,803		269,823
First Watch Restaurant Group *		14,277		364,349
Fisker *		1		—
Foot Locker		38,182		796,095
Fossil Group *		1		1
Fox Factory Holding *		19,510		759,329
Frontdoor *		37,049		1,137,034
Full House Resorts *		13,575		69,232
Funko, Cl A *		13,343		81,259
Genesco *		6,040		152,872
Gentherm *		15,304		773,923
G-III Apparel Group *		18,895		531,894
Global Business Travel Group I *		17,011		102,917
Golden Entertainment		9,311		298,418
Goodyear Tire & Rubber *		126,763		1,516,085
GoPro, Cl A *		1		2
Graham Holdings, Cl B		1,844		1,293,326
Green Brick Partners *		12,936		700,226
Group 1 Automotive		6,960		2,046,379
GrowGeneration *		1		3
Guess?		16,627		445,271
Hanesbrands *		159,701		728,237
Haverty Furniture		6,949		214,029
Helen of Troy *		11,671		1,082,018
Hibbett		5,909		509,592
Hilton Grand Vacations *		40,711		1,695,206
Holley *		17,001		68,344
Hooker Furnishings		6,083		103,411
Hovnanian Enterprises, Cl A *		2,388		353,018
Inspired Entertainment *		9,225		78,412

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

32

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Installed Building Products		11,034	$	2,601,045
International Game Technology		49,393		975,018
iRobot *		12,568		107,582
J Jill *		3,083		76,828
Jack in the Box		9,256		528,240
JAKKS Pacific *		4,271		80,765
Johnson Outdoors, Cl A		2,348		96,291
KB Home		33,714		2,183,319
Kontoor Brands		26,015		1,614,491
Krispy Kreme		38,633		488,707
Kura Sushi USA, Cl A *		5,090		560,307
Lands’ End *		5,973		81,711
Landsea Homes *		4,344		50,173
Latham Group *		1		3
Laureate Education, Cl A		60,053		870,769
La-Z-Boy, Cl Z		20,128		661,004
Lazydays Holdings *		7,630		27,010
LCI Industries		11,394		1,184,748
Legacy Housing *		4,723		96,208
Leslie’s *		80,319		315,654
LGI Homes *		9,538		857,752
Life Time Group Holdings *		18,174		248,257
Light & Wonder *		42,406		3,785,160
Lincoln Educational Services *		13,861		147,758
Lindblad Expeditions Holdings *		12,659		92,917
Lovesac *		6,290		139,512
Luminar Technologies, Cl A *		1		1
M/I Homes *		12,118		1,408,354
Malibu Boats, Cl A *		9,326		317,271
Marine Products		3,258		35,024
MarineMax *		9,855		243,123
MasterCraft Boat Holdings *		8,121		164,288
Meritage Homes		16,646		2,758,908
Modine Manufacturing *		26,440		2,449,137
Monarch Casino & Resort		6,184		419,090
Mondee Holdings, Cl A *		1		2
Monro		14,176		386,296
Movado Group		6,868		174,928
Nathan’s Famous		1,523		98,401

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

33

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
National Vision Holdings *		34,948	$	608,794
Nerdy *		1		3
Noodles, Cl A *		1		2
ODP *		19,146		974,723
ONE Group Hospitality *		8,858		47,479
OneWater Marine, Cl A *		5,423		112,310
Oxford Industries		6,844		737,646
Papa John’s International		15,639		964,770
Patrick Industries		9,683		1,011,777
Perdoceo Education		30,242		553,429
PetMed Express		8,924		35,250
PlayAGS *		20,388		180,230
Portillo’s, Cl A *		19,761		242,270
Potbelly *		14,278		145,493
Purple Innovation, Cl A		1		2
Qurate Retail, Cl B *		3,460		13,217
RCI Hospitality Holdings		3,926		199,284
Red Robin Gourmet Burgers *		8,665		65,421
Red Rock Resorts, Cl A		22,732		1,207,524
Revolve Group, Cl A *		18,401		366,364
Rocky Brands		3,095		79,758
Rush Street Interactive *		29,280		187,099
Sabre *		1		3
Sally Beauty Holdings *		46,061		499,762
Savers Value Village *		11,446		189,088
Shake Shack, Cl A *		17,606		1,863,595
Shoe Carnival		8,467		283,136
Signet Jewelers		21,575		2,114,997
Six Flags Entertainment *		32,555		767,647
Skyline Champion *		24,606		1,845,204
Sleep Number *		9,394		125,034
Smith & Wesson Brands		20,208		342,930
Snap One Holdings *		7,602		80,429
Solid Power *		1		2
Solo Brands, Cl A *		1		2
Sonic Automotive, Cl A		9,075		524,898
Sonos *		57,797		976,769
Sportsman’s Warehouse Holdings *		17,919		57,341
Standard Motor Products		10,008		321,257

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

34

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Steven Madden		33,883	$	1,369,212
Stitch Fix, Cl A *		1		2
Stoneridge *		11,478		171,940
Strategic Education		10,155		1,166,200
Stride *		19,095		1,274,591
Sturm Ruger		8,839		408,627
Sweetgreen, Cl A *		48,505		1,089,907
Target Hospitality *		15,056		167,498
Taylor Morrison Home, Cl A *		50,113		2,806,829
ThredUp, Cl A *		1		2
Tile Shop Holdings *		12,964		87,118
Tilly’s, Cl A *		9,231		56,032
Topgolf Callaway Brands *		66,266		1,061,581
Torrid Holdings *		1		5
Traeger *		1		2
Tri Pointe Homes *		45,804		1,687,877
Udemy *		45,570		456,611
United Homes Group *		4,691		31,336
United Parks & Resorts *		20,666		1,050,246
Universal Technical Institute *		15,024		228,665
Upbound Group, Cl A		26,432		819,656
Urban Outfitters *		28,997		1,129,723
Vera Bradley *		15,044		99,140
Vista Outdoor *		27,374		960,554
Visteon *		12,880		1,424,914
Vizio Holding, Cl A *		34,129		361,767
VOXX International, Cl A *		8,087		47,713
Warby Parker, Cl A *		37,732		442,974
Weyco Group		2,368		69,501
Winmark		1,459		524,248
Winnebago Industries		13,733		845,678
Wolverine World Wide		34,427		369,746
Workhorse Group *		1		—
Worthington Enterprises		13,943		796,982
WW International *		1		2
XPEL *		10,703		562,443
Xponential Fitness, Cl A *		11,122		141,806
Zumiez *		8,005		137,686
				122,149,311

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

35

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — 2.7%
Alico		3,353	$	93,582
Andersons		14,686		806,849
B&G Foods		32,279		358,297
Beauty Health *		1		3
BellRing Brands *		62,486		3,447,353
Benson Hill *		1		—
Beyond Meat *		26,529		179,867
BRC, Cl A *		1		4
Calavo Growers		7,487		201,775
Cal-Maine Foods		18,676		1,033,343
Central Garden & Pet *		4,269		174,816
Central Garden & Pet, Cl A *		23,091		818,114
Chefs’ Warehouse *		16,141		533,944
Coca-Cola Consolidated		2,372		1,959,272
Dole		33,071		402,474
Duckhorn Portfolio *		18,445		156,229
Edgewell Personal Care		22,938		862,928
elf Beauty *		24,277		3,945,741
Energizer Holdings		32,259		926,478
Fresh Del Monte Produce		16,691		426,789
Hain Celestial Group *		38,883		238,742
Herbalife *		46,417		401,507
HF Foods Group *		15,391		44,942
Ingles Markets, Cl A		6,259		449,083
Inter Parfums		9,038		1,051,842
Ispire Technology *		4,245		21,947
J & J Snack Foods		6,781		930,963
J M Smucker		1,820		209,027
John B Sanfilippo & Son		4,117		410,465
Lancaster Colony		8,924		1,702,788
Limoneira		9,111		180,216
Medifast		4,948		136,218
MGP Ingredients		7,187		563,748
Mission Produce *		19,777		224,469
National Beverage *		10,847		482,691
Natural Grocers by Vitamin Cottage		4,396		71,919
Nature’s Sunshine Products *		6,108		118,801
Nu Skin Enterprises, Cl A		21,942		258,038
Oil-Dri Corp of America		2,562		177,418

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

36

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
PriceSmart		11,922	$	960,794
Primo Water		71,198		1,343,506
Seneca Foods, Cl A *		2,565		149,001
Simply Good Foods *		41,800		1,523,610
SpartanNash		15,328		292,611
Sprouts Farmers Market *		47,480		3,135,104
TreeHouse Foods *		23,992		900,900
Turning Point Brands		7,984		230,259
United Natural Foods *		26,223		234,171
Universal		11,016		566,553
USANA Health Sciences *		4,988		207,102
Utz Brands		32,820		591,745
Vector Group		63,787		660,195
Village Super Market, Cl A		3,880		108,524
Vita Coco *		18,075		438,138
Vital Farms *		13,185		352,831
Waldencast, Cl A *		16,226		79,021
WD-40		6,952		1,572,056
Weis Markets		7,550		476,631
Westrock Coffee *		14,488		146,908
Zevia PBC, Cl A *		1		1
				37,972,343
Energy — 5.6%
Amplify Energy *		16,438		116,052
Archrock		63,252		1,213,806
Atlas Energy Solutions, Cl A		8,514		189,096
Berry		34,161		290,027
Bristow Group *		10,899		286,753
Cactus, Cl A		29,101		1,444,574
California Resources		33,972		1,795,760
Centrus Energy, Cl A *(A)		6,752		289,863
ChampionX		90,338		3,032,647
Chord Energy		18,994		3,361,558
Civitas Resources		36,545		2,629,778
Clean Energy Fuels *		1		2
CNX Resources *		72,950		1,715,784
Comstock Resources		41,381		416,293
CONSOL Energy		15,193		1,257,373

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

37

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Core Laboratories		21,570	$	340,806
Crescent Energy, Cl A		34,924		371,591
CVR Energy		13,890		421,978
Delek US Holdings		31,089		849,662
DHT Holdings		60,707		693,274
Diamond Offshore Drilling *		56,929		696,811
DMC Global *		8,765		138,925
Dorian LPG		15,716		649,385
Dril-Quip *		14,976		272,264
Empire Petroleum *		7,779		40,295
Energy Fuels *(A)		70,715		366,304
Equitrans Midstream		194,254		2,628,257
Evolution Petroleum		16,712		90,245
Excelerate Energy, Cl A		7,687		129,603
Expro Group Holdings *		40,114		752,539
Forum Energy Technologies *		5,898		109,998
FutureFuel		10,690		57,940
Gevo *		1		1
Granite Ridge Resources		14,778		96,353
Green Plains *		26,565		549,099
Gulfport Energy *		5,082		806,564
Hallador Energy *		12,566		64,212
Helix Energy Solutions Group *		68,016		730,492
Helmerich & Payne		45,500		1,789,515
HighPeak Energy		5,416		76,961
International Seaways		19,016		1,051,395
Kinetik Holdings, Cl A		16,546		634,374
KLX Energy Services Holdings *		8,063		53,458
Kodiak Gas Services		6,756		183,628
Liberty Energy, Cl A		76,845		1,690,590
Magnolia Oil & Gas, Cl A		83,311		2,088,607
Mammoth Energy Services *		15,016		48,802
Matador Resources		52,282		3,257,169
Murphy Oil		68,073		3,038,779
Nabors Industries *		4,305		310,089
NACCO Industries, Cl A		1,669		45,964
Newpark Resources *		33,682		233,753
NextDecade *		39,129		251,208
Noble		50,924		2,260,007

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

38

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Nordic American Tankers		89,408	$	348,691
Northern Oil & Gas		39,733		1,620,709
Oceaneering International *		47,853		1,096,312
Oil States International *		24,978		99,662
Overseas Shipholding Group, Cl A		30,943		188,133
Par Pacific Holdings *		25,185		775,698
Patterson-UTI Energy		164,709		1,782,151
PBF Energy, Cl A		51,599		2,748,679
Peabody Energy		56,675		1,243,449
Permian Resources, Cl A		209,037		3,501,370
PrimeEnergy Resources *		559		57,275
ProFrac Holding, Cl A *		10,918		79,374
ProPetro Holding *		43,512		379,425
Ranger Energy Services, Cl A		9,074		89,288
REX American Resources *		6,930		383,437
Riley Exploration Permian		4,819		124,957
Ring Energy *		1		2
RPC		38,282		256,107
SandRidge Energy		13,766		188,594
SEACOR Marine Holdings *		12,683		154,986
Select Water Solutions, Cl A		36,566		337,870
SilverBow Resources *		12,886		395,858
Sitio Royalties, Cl A		40,855		949,470
SM Energy		54,677		2,651,288
Solaris Oilfield Infrastructure, Cl A		13,032		114,812
Talos Energy *		62,177		819,493
Tellurian *		1		—
TETRA Technologies *		1		4
Tidewater *		21,711		1,994,155
Uranium Energy *(A)		178,526		1,205,050
US Silica Holdings *		33,930		523,540
VAALCO Energy		48,156		308,198
Valaris *		28,022		1,823,111
Verde Clean Fuels *		1		5
Vertex Energy *		1		1
Vital Energy *		10,573		560,580
Vitesse Energy		12,058		267,567
W&T Offshore		1		2
Weatherford International *		32,644		4,035,451

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

39

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
World Kinect		28,193	$	662,536
				77,677,553
Financials — 12.7%
1st Source		7,661		379,986
Acacia Research *		22,079		107,525
ACNB		3,764		122,481
AFC Gamma ‡		7,440		89,280
Alerus Financial		8,191		161,363
AlTi Global *		14,545		66,907
Amalgamated Financial		7,884		193,473
A-Mark Precious Metals		8,522		341,477
Ambac Financial Group *		19,837		286,645
Amerant Bancorp, Cl A		12,075		261,544
American Coastal Insurance *		13,657		142,989
American Equity Investment Life Holding		35,907		2,014,742
Ameris Bancorp		30,112		1,429,718
AMERISAFE		8,682		395,899
Ames National		5,021		96,654
Angel Oak Mortgage REIT ‡		4,577		48,196
Apollo Commercial Real Estate Finance ‡		63,341		609,974
Arbor Realty Trust ‡		80,452		1,032,199
Ares Commercial Real Estate ‡		24,708		167,767
ARMOUR Residential REIT ‡		22,579		410,260
Arrow Financial		6,673		148,608
Artisan Partners Asset Management, Cl A		27,976		1,145,058
AssetMark Financial Holdings *		9,846		332,893
Associated Banc-Corp		74,227		1,563,963
Atlantic Union Bankshares		40,487		1,286,272
Atlanticus Holdings *		2,185		57,793
AvidXchange Holdings *		76,750		894,905
Axos Financial *		25,898		1,310,698
B Riley Financial		9,172		315,517
Baldwin Insurance Group, Cl A *		26,646		709,849
Banc of California		61,117		836,692
BancFirst		9,926		885,101
Bancorp *		23,756		711,255
Bank First		4,177		322,423
Bank of Hawaii		17,753		1,006,418

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

40

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Bank of Marin Bancorp		7,106	$	102,042
Bank7		2,579		70,407
BankUnited		35,625		952,256
Bankwell Financial Group		2,541		58,265
Banner		15,631		681,981
Bar Harbor Bankshares		6,723		168,613
BayCom		5,376		106,337
BCB Bancorp		6,883		64,838
Berkshire Hills Bancorp		20,596		439,107
BGC Group, Cl A		165,948		1,299,373
Blackstone Mortgage Trust, Cl A ‡		78,307		1,381,335
Blue Foundry Bancorp *		11,233		95,930
Blue Ridge Bankshares		1		2
Bread Financial Holdings		22,506		830,696
Bridgewater Bancshares *		9,415		102,435
Brightsphere Investment Group		14,582		324,304
BrightSpire Capital, Cl A ‡		60,047		377,696
Brookline Bancorp		39,886		331,054
Burke & Herbert Financial Services		3,111		162,954
Business First Bancshares		10,771		217,466
Byline Bancorp		11,108		240,710
C&F Financial		1,855		72,660
Cadence Bank		82,664		2,287,313
Cambridge Bancorp		4,226		259,350
Camden National		6,413		200,214
Cannae Holdings *		34,932		679,427
Cantaloupe *		43,132		249,734
Capital Bancorp		3,894		75,544
Capital City Bank Group		5,960		158,059
Capitol Federal Financial		53,587		255,610
Carter Bankshares *		10,520		128,028
Cass Information Systems		6,139		265,143
Cathay General Bancorp		31,319		1,078,626
Central Pacific Financial		11,758		234,455
Chemung Financial		2,120		89,390
Chicago Atlantic Real Estate Finance ‡		12,715		200,134
Chimera Investment ‡		99,791		411,139
ChoiceOne Financial Services		4,017		99,863
Citizens & Northern		6,685		113,979

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

41

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Citizens Financial Services		2,179	$	88,032
City Holding		6,633		670,066
Civista Bancshares		6,568		93,791
Claros Mortgage Trust ‡		39,535		343,954
CNB Financial		8,955		170,145
CNO Financial Group		51,756		1,362,735
Coastal Financial *		5,034		194,715
Codorus Valley Bancorp		5,356		118,903
Cohen & Steers		12,303		846,200
Colony Bankcorp		6,722		73,068
Columbia Financial *		16,328		271,045
Community Bank System		23,978		1,036,329
Community Trust Bancorp		6,796		285,500
Community West Bancshares		5,919		101,629
Compass Diversified Holdings		28,437		624,761
ConnectOne Bancorp		15,994		286,453
Consumer Portfolio Services *		5,964		51,052
Crawford, Cl A		6,686		62,046
CrossFirst Bankshares *		19,747		238,544
Customers Bancorp *		13,062		596,542
CVB Financial		59,909		978,913
Diamond Hill Investment Group		1,276		190,405
Dime Community Bancshares		16,102		293,056
Donegal Group, Cl A		6,720		90,317
Donnelley Financial Solutions *		12,474		783,118
Dynex Capital ‡		24,142		281,737
Eagle Bancorp		13,887		256,771
Eastern Bankshares		71,290		895,402
eHealth *		10,147		43,429
Ellington Financial ‡		28,792		329,380
Employers Holdings		11,959		509,334
Enact Holdings		13,417		398,887
Encore Capital Group *		10,437		428,856
Enova International *		14,981		906,800
Enstar Group *		6,200		1,800,294
Enterprise Bancorp		4,159		101,064
Enterprise Financial Services		16,338		621,007
Equity Bancshares, Cl A		6,590		219,513
Esquire Financial Holdings		3,161		148,757

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

42

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
ESSA Bancorp		5,226	$	84,661
Essent Group		48,198		2,553,048
Evans Bancorp		3,214		82,246
F&G Annuities & Life		9,291		351,386
Farmers & Merchants Bancorp		5,753		117,936
Farmers National Banc		26,060		308,290
FB Financial		16,236		595,049
Federal Agricultural Mortgage, Cl C		4,167		775,604
Fidelity D&D Bancorp		2,505		113,727
Finance of America, Cl A *		1		—
Financial Institutions		6,762		116,442
First Bancorp		4,511		99,603
First Bancorp		18,476		561,855
First Bancshares		14,102		337,602
First Bank		9,381		109,570
First Busey		23,199		518,266
First Business Financial Services		3,314		109,594
First Commonwealth Financial		45,252		596,874
First Community		4,513		74,600
First Community Bankshares		8,409		279,011
First Financial		5,459		198,762
First Financial Bancorp		42,416		937,818
First Financial Bankshares		59,915		1,771,087
First Foundation		22,630		124,012
First Interstate BancSystem, Cl A		42,437		1,133,068
First Merchants		27,826		929,945
First Mid Bancshares		10,183		315,266
First of Long Island		9,890		93,658
First Western Financial *		3,278		54,644
FirstCash Holdings		17,116		1,933,766
Five Star Bancorp		5,503		118,975
Flushing Financial		12,626		139,139
Flywire *		49,749		1,019,855
Forge Global Holdings *		1		2
Franklin BSP Realty Trust ‡		36,251		452,775
FS Bancorp		3,659		114,051
Fulton Financial		73,258		1,212,420
FVCBankcorp *		6,185		71,189
GCM Grosvenor		18,122		171,072

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

43

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Genworth Financial, Cl A *		230,453	$	1,366,586
German American Bancorp		12,885		408,841
Glacier Bancorp		51,200		1,852,416
GoHealth, Cl A *		2,899		29,193
Goosehead Insurance, Cl A *		9,834		559,653
Granite Point Mortgage Trust ‡		22,093		94,779
Great Southern Bancorp		4,301		221,071
Green Dot, Cl A *		22,238		194,583
Greene County Bancorp		2,958		87,024
Greenlight Capital Re, Cl A *		10,860		131,623
Guaranty Bancshares		3,591		103,169
Hamilton Lane, Cl A		18,641		2,082,573
Hancock Whitney		39,074		1,773,569
Hanmi Financial		13,221		202,281
Hannon Armstrong Sustainable Infrastructure Capital		48,854		1,221,839
HarborOne Bancorp		19,208		194,577
HBT Financial		6,145		113,406
HCI Group		2,957		337,630
Heartland Financial USA		19,032		801,438
Heritage Commerce		25,369		201,430
Heritage Financial		14,909		264,486
Hilltop Holdings		26,220		767,197
Hingham Institution For Savings		821		138,667
Hippo Holdings *		7,508		160,596
Home Bancorp		3,282		114,870
Home BancShares		86,675		2,052,464
HomeStreet		8,313		101,834
HomeTrust Bancshares		7,271		186,865
Hope Bancorp		49,806		499,056
Horace Mann Educators		18,558		684,048
Horizon Bancorp		18,124		208,064
I3 Verticals, Cl A *		10,335		234,708
Independent Bank		8,963		222,372
Independent Bank		21,216		1,065,892
Independent Bank Group		16,531		615,614
International Bancshares		24,938		1,387,800
International Money Express *		15,167		306,828
Invesco Mortgage Capital ‡		24,251		207,346

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

44

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Investors Title		596	$	95,616
Jackson Financial, Cl A		38,970		2,662,430
James River Group Holdings		15,808		140,533
John Marshall Bancorp		4,789		79,114
Kearny Financial		26,640		143,856
KKR Real Estate Finance Trust ‡		26,071		245,328
Ladder Capital, Cl A ‡		50,987		547,091
Lakeland Bancorp		28,522		347,683
Lakeland Financial		11,506		676,208
LCNB		6,130		86,433
Lemonade *		22,820		393,189
LendingClub *		47,903		360,231
LendingTree *		4,894		236,233
Live Oak Bancshares		15,679		506,745
Macatawa Bank		10,860		152,040
Maiden Holdings *		1		2
MainStreet Bancshares		4,093		62,500
MarketWise		1		2
Marqeta, Cl A *		220,625		1,224,469
MBIA		22,614		142,242
Mercantile Bank		6,846		247,004
Merchants Bancorp		7,342		296,103
Mercury General		12,545		655,602
Metrocity Bankshares		8,352		191,929
Metropolitan Bank Holding *		4,886		193,974
MFA Financial ‡		44,422		470,429
Mid Penn Bancorp		6,345		128,359
Middlefield Banc		4,281		91,913
Midland States Bancorp		9,259		202,772
MidWestOne Financial Group		6,321		127,495
Moelis, Cl A		30,563		1,500,032
Mr Cooper Group *		30,724		2,371,893
MVB Financial		4,562		81,979
National Bank Holdings, Cl A		16,923		553,890
National Bankshares		3,252		87,186
National Western Life Group, Cl A		1,332		651,108
Navient		46,486		698,220
NBT Bancorp		25,274		884,843
Nelnet, Cl A		6,939		653,515

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

45

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
NerdWallet, Cl A *		15,407	$	193,666
New York Mortgage Trust ‡		40,000		274,000
NewtekOne		11,641		125,606
Nexpoint Real Estate Finance ‡		3,263		42,288
NI Holdings *		4,022		59,807
Nicolet Bankshares		5,794		443,415
NMI Holdings, Cl A *		36,949		1,140,246
Northeast Bank		3,095		160,073
Northeast Community Bancorp		7,448		117,529
Northfield Bancorp		18,276		152,422
Northrim BanCorp		2,985		142,683
Northwest Bancshares		57,372		608,143
Norwood Financial		3,961		95,420
Oak Valley Bancorp		3,855		93,098
OceanFirst Financial		26,597		392,572
Ocwen Financial *		3,603		84,094
Old National Bancorp		148,145		2,450,318
Old Second Bancorp		18,785		257,355
Open Lending, Cl A *		61,177		312,003
OppFi		1		3
Orange County Bancorp		2,905		125,525
Orchid Island Capital, Cl A ‡		24,079		200,578
Origin Bancorp		13,566		402,910
Orrstown Financial Services		4,899		128,452
Oscar Health, Cl A *		71,519		1,242,285
P10, Cl A		20,931		148,610
Pacific Premier Bancorp		44,249		951,354
Palomar Holdings *		11,135		875,990
Park National		6,540		861,383
Parke Bancorp		4,251		69,971
Pathward Financial		12,570		633,151
Payoneer Global *		119,283		589,258
Paysafe *		12,055		171,422
Paysign *		1		5
PCB Bancorp		4,859		70,747
Peapack-Gladstone Financial		7,668		171,610
Penns Woods Bancorp		3,858		67,438
PennyMac Financial Services		12,726		1,089,855
PennyMac Mortgage Investment Trust ‡		40,947		567,116

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

46

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Peoples Bancorp		16,943	$	492,025
Peoples Financial Services		3,065		116,072
Perella Weinberg Partners, Cl A		19,276		287,598
Pioneer Bancorp *		4,887		43,274
Piper Sandler		8,032		1,572,585
PJT Partners		10,683		1,009,437
Plumas Bancorp		3,022		106,254
Ponce Financial Group *		11,579		93,095
PRA Group *		17,980		427,744
Preferred Bank		6,151		465,569
Premier Financial		15,476		299,925
Primis Financial		9,604		93,351
Princeton Bancorp		3,059		89,170
Priority Technology Holdings *		5,567		17,870
ProAssurance		23,090		308,482
PROG Holdings		23,836		792,309
Provident Financial Services		33,488		491,604
QCR Holdings		7,571		416,102
Radian Group		75,251		2,247,747
RBB Bancorp		7,742		137,498
Ready Capital ‡		72,417		616,993
Red River Bancshares		2,285		103,305
Redwood Trust ‡		47,751		264,063
Regional Management		3,423		86,294
Remitly Global *		60,543		1,079,482
Renasant		25,202		732,370
Repay Holdings, Cl A *		35,838		364,472
Republic Bancorp, Cl A		4,109		208,408
S&T Bancorp		17,805		536,821
Safety Insurance Group		6,693		532,562
Sandy Spring Bancorp		20,104		411,127
Seacoast Banking Corp of Florida		38,031		877,375
Security National Financial, Cl A *		8,209		54,015
Selective Insurance Group		27,333		2,778,399
Selectquote *		1		2
ServisFirst Bancshares		23,809		1,403,779
Shore Bancshares		14,407		149,112
Sierra Bancorp		6,202		122,924
Silvercrest Asset Management Group, Cl A		4,027		58,996

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

47

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Simmons First National, Cl A		55,729	$	952,409
Skyward Specialty Insurance Group *		17,171		599,611
SmartFinancial		7,421		152,502
South Plains Financial		5,648		146,396
Southern First Bancshares *		3,392		87,581
Southern Missouri Bancorp		4,004		160,560
Southern States Bancshares		4,349		105,115
Southside Bancshares		13,245		353,112
SouthState		34,658		2,623,611
Stellar Bancorp		23,471		521,056
StepStone Group, Cl A		24,644		888,909
Sterling Bancorp *		7,108		33,621
Stewart Information Services		12,236		758,754
Stock Yards Bancorp		12,573		560,127
StoneX Group *		12,064		875,846
Summit Financial Group		4,937		130,682
SWK Holdings *		1,528		26,496
Texas Capital Bancshares *		21,744		1,248,106
Third Coast Bancshares *		5,446		105,761
Timberland Bancorp		4,218		102,919
Tiptree		10,880		173,318
Tompkins Financial		6,121		269,202
Towne Bank		31,596		817,389
TPG RE Finance Trust ‡		29,673		217,503
TriCo Bancshares		14,223		494,534
Triumph Financial *		10,156		714,576
Trupanion *		18,120		407,700
TrustCo Bank NY		8,177		217,672
Trustmark		27,802		822,939
Two Harbors Investment ‡		52,146		658,604
UMB Financial		20,244		1,612,637
United Bankshares		59,453		1,929,844
United Community Banks		52,593		1,326,921
United Fire Group		9,153		202,190
Unity Bancorp		3,454		92,982
Universal Insurance Holdings		11,233		219,268
Univest Financial		12,532		261,543
Upstart Holdings *		32,393		716,857
USCB Financial Holdings		4,444		49,506

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

48

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Valley National Bancorp		194,383	$	1,362,625
Value Line		400		14,480
Velocity Financial *		3,631		62,272
Veritex Holdings		23,934		466,234
Victory Capital Holdings, Cl A		12,899		656,043
Virginia National Bankshares		2,801		79,016
Virtus Investment Partners		3,167		694,586
WaFd		31,623		856,667
Walker & Dunlop		14,579		1,335,874
Washington Trust Bancorp		7,398		188,353
Waterstone Financial		9,316		105,643
WesBanco		26,336		711,072
West BanCorp		7,091		115,300
Westamerica BanCorp		11,867		552,409
WisdomTree		62,123		552,895
World Acceptance *		1,811		249,139
WSFS Financial		27,880		1,191,312
				175,741,880
Health Care — 11.6%
23andMe Holding, Cl A *		1		—
2seventy bio *		1		5
4D Molecular Therapeutics *		17,635		422,006
89bio *		38,301		325,942
Aadi Bioscience *		1		2
ACADIA Pharmaceuticals *		57,936		968,111
Accolade *		30,766		234,745
Accuray *		1		2
ACELYRIN *		14,608		61,061
Aclaris Therapeutics *		1		1
Acrivon Therapeutics *		3,889		35,351
Actinium Pharmaceuticals *		14,285		109,994
AdaptHealth, Cl A *		43,065		424,190
Adaptive Biotechnologies *		1		3
Addus HomeCare *		7,244		696,511
Adicet Bio *		1		1
ADMA Biologics *		91,204		594,650
Aerovate Therapeutics *		4,920		98,449
Agenus *		1		12

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

49

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Agiliti *		13,210	$	134,081
Agios Pharmaceuticals *		24,765		804,862
AirSculpt Technologies *		5,495		30,277
Akero Therapeutics *		29,026		577,327
Akoya Biosciences *		7,038		26,885
Aldeyra Therapeutics *		1		4
Alector *		26,855		136,423
Alignment Healthcare *		40,576		208,966
Alkermes *		75,345		1,848,966
Allakos *		1		1
Allogene Therapeutics *		1		3
Allovir *		1		1
Alphatec Holdings *		41,770		527,137
Alpine Immune Sciences *		17,839		1,152,221
Altimmune *		23,933		156,761
ALX Oncology Holdings *		9,458		160,975
American Well, Cl A *		1		1
Amicus Therapeutics *		126,348		1,262,217
AMN Healthcare Services *		19,671		1,179,867
Amneal Pharmaceuticals *		55,205		333,990
Amphastar Pharmaceuticals *		17,233		710,861
Amylyx Pharmaceuticals *		1		2
AnaptysBio *		8,602		209,373
Anavex Life Sciences *		32,172		117,428
AngioDynamics *		17,028		98,592
ANI Pharmaceuticals *		7,134		470,844
Anika Therapeutics *		6,621		171,418
Annexon *		20,670		94,048
Apogee Therapeutics *		18,710		941,113
Arbutus Biopharma *		1		3
Arcellx *		17,339		867,297
Arcturus Therapeutics Holdings *		13,049		333,663
Arcus Biosciences *		24,521		373,455
Arcutis Biotherapeutics *		35,816		297,989
Ardelyx *		99,757		638,445
ArriVent Biopharma *		4,446		73,448
Arrowhead Pharmaceuticals *		52,445		1,186,306
ARS Pharmaceuticals *		14,137		122,992
Artivion *		17,628		345,861

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

50

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Arvinas *		21,898	$	695,699
Assertio Holdings *		1		1
Astrana Health *		19,553		726,394
Astria Therapeutics *		24,695		226,700
Atara Biotherapeutics *		1		1
Atea Pharmaceuticals *		1		4
ATI Physical Therapy *		1		4
AtriCure *		21,237		512,236
Atrion		891		377,151
Aura Biosciences *		12,405		91,797
Avanos Medical *		20,668		373,677
Aveanna Healthcare Holdings *		1		2
Avid Bioservices *		27,782		211,977
Avidity Biosciences *		33,675		812,578
Avista Public Acquisition II, Cl W *		35,001		155,404
Avita Medical *		12,416		104,294
Axogen *		18,401		117,950
Axonics *		22,963		1,528,647
Axsome Therapeutics *		16,781		1,237,767
Beam Therapeutics *		32,947		699,135
Beyond Air *		1		1
BioAtla *		1		2
BioCryst Pharmaceuticals *		84,528		349,101
Biohaven *		30,847		1,196,864
BioLife Solutions *		15,622		274,010
Biomea Fusion *		9,448		101,472
Biote, Cl A *		9,681		53,342
BioVie, Cl A *		1		—
Bioxcel Therapeutics *		1		3
Bluebird Bio *		1		1
Blueprint Medicines *		28,145		2,570,764
Bridgebio Pharma *		52,029		1,332,983
Bright Green *		1		—
BrightSpring Health Services *		24,390		260,729
Brookdale Senior Living *		80,973		549,807
Butterfly Network *		1		1
Cabaletta Bio *		15,493		164,923
Cara Therapeutics *		1		1
CareDx *		21,596		167,585

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

51

Schedule of Investments April 30, 2024 (Unaudited)

Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
CareMax *		1,200	$	4,284
Cargo Therapeutics *		9,723		185,709
Caribou Biosciences *		37,076		134,586
Carisma Therapeutics *		1		2
Cassava Sciences *		17,893		396,330
Castle Biosciences *		10,917		230,240
Catalyst Pharmaceuticals *		52,085		783,879
Celcuity *		9,505		149,894
Celldex Therapeutics *		28,105		1,051,689
Century Therapeutics *		1		3
Cerevel Therapeutics Holdings *		31,545		1,347,287
Cerus *		1		2
CG oncology *		10,518		422,718
Citius Pharmaceuticals *		1		1
ClearPoint Neuro *		13,378		72,643
Codexis *		1		3
Cogent Biosciences *		36,487		237,165
Coherus Biosciences *		1		2
Collegium Pharmaceutical *		15,899		587,150
Community Health Systems *		1		3
Compass Therapeutics *		1		1
CONMED		14,007		952,196
Corcept Therapeutics *		37,726		879,770
CorMedix *		23,751		124,812
CorVel *		4,001		955,639
Crinetics Pharmaceuticals *		29,232		1,280,946
Cross Country Healthcare *		15,769		277,534
CryoPort *		19,468		315,187
Cue Biopharma *		1		2
Cullinan Therapeutics *		13,067		352,940
Cutera *		1		2
CVRx *		6,447		99,993
Cytek Biosciences *		49,053		294,809
Cytokinetics *		43,817		2,686,858
Day One Biopharmaceuticals *		33,901		579,707
Deciphera Pharmaceuticals *		24,382		616,133
Definitive Healthcare, Cl A *		22,108		153,430
Denali Therapeutics *		53,719		829,421
Design Therapeutics *		1		4

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

52

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Disc Medicine, Cl A *		4,093	$	113,949
DocGo *		37,175		125,651
Dynavax Technologies *		65,491		744,633
Dyne Therapeutics *		27,773		702,935
Eagle Pharmaceuticals *		4,884		19,976
Edgewise Therapeutics *		27,629		495,664
Editas Medicine, Cl A *		37,010		192,822
Embecta		25,000		253,250
Emergent BioSolutions *		1		2
Enanta Pharmaceuticals *		9,220		126,683
Enhabit *		23,979		241,948
Enliven Therapeutics *		11,276		196,090
Ensign Group		24,814		2,936,985
Entrada Therapeutics *		10,874		128,857
Erasca *		1		2
Evolent Health, Cl A *		50,059		1,388,637
Evolus *		18,629		219,263
Eyenovia *		1		1
EyePoint Pharmaceuticals *		14,702		258,755
Fate Therapeutics *		38,381		151,605
FibroGen *		1		1
Foghorn Therapeutics *		8,145		44,472
Fulgent Genetics *		9,317		189,601
Genelux *		8,772		27,281
Generation Bio *		1		3
Geron *		1		4
Glaukos *		21,092		2,024,832
Gritstone bio *		1		1
Guardant Health *		51,927		934,686
Haemonetics *		22,874		2,103,264
Halozyme Therapeutics *		60,171		2,292,515
Harmony Biosciences Holdings *		15,100		466,741
Harrow *		12,628		128,679
Harvard Bioscience *		20,973		80,117
Health Catalyst *		25,818		160,588
HealthEquity *		38,149		3,010,338
HealthStream		10,872		280,171
Heron Therapeutics *		1		2
HilleVax *		12,012		158,558

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

53

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Hims & Hers Health *		54,999	$	689,137
Humacyte *		1		4
Ideaya Biosciences *		34,153		1,388,319
IGM Biosciences *		4,241		40,841
Ikena Oncology *		1		1
Immuneering, Cl A *		1		1
ImmunityBio *		60,060		479,879
Immunovant *		24,787		680,155
Inari Medical *		24,958		931,932
InfuSystem Holdings *		10,267		77,105
Inhibrx *		15,798		537,764
Inmode *		35,301		606,824
Innovage Holding *		13,867		49,228
Innoviva *		27,317		412,760
Inogen *		9,588		65,198
Inozyme Pharma *		1		4
Insmed *		62,399		1,542,503
Integer Holdings *		15,363		1,714,972
Intellia Therapeutics *		40,111		858,375
Intra-Cellular Therapies *		43,226		3,104,059
Iovance Biotherapeutics *		109,078		1,284,939
iRadimed		3,438		139,617
iRhythm Technologies *		14,183		1,554,173
Ironwood Pharmaceuticals, Cl A *		62,368		483,352
iTeos Therapeutics *		10,236		109,935
Janux Therapeutics *		7,432		423,624
Joint *		6,430		76,774
KalVista Pharmaceuticals *		9,401		106,701
Karyopharm Therapeutics *		1		1
Keros Therapeutics *		14,927		841,734
Kezar Life Sciences *		1		1
Kiniksa Pharmaceuticals, Cl A *		15,634		292,668
Kodiak Sciences *		1		3
KORU Medical Systems *		1		2
Krystal Biotech *		9,919		1,518,797
Kura Oncology *		32,116		630,116
Kymera Therapeutics *		17,463		587,106
Lantheus Holdings *		30,888		2,055,288
Larimar Therapeutics *		1		7

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

54

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
LeMaitre Vascular		9,042	$	585,922
LENZ Therapeutics		1		16
Lexeo Therapeutics *		4,637		57,731
Lexicon Pharmaceuticals *		1		2
LifeStance Health Group *		49,051		303,135
Ligand Pharmaceuticals *		7,989		558,351
Lineage Cell Therapeutics *		1		1
Liquidia *		19,771		254,057
LivaNova *		25,058		1,396,984
Longboard Pharmaceuticals *		9,578		204,011
Lyell Immunopharma *		1		2
MacroGenics *		44,563		658,641
Madrigal Pharmaceuticals *		6,696		1,366,118
MannKind *		102,986		423,272
Marinus Pharmaceuticals *		1		1
MaxCyte *		1		4
MeiraGTx Holdings *		12,489		60,946
Merit Medical Systems *		26,502		1,963,798
Merrimack Pharmaceuticals *		6,417		94,587
Mersana Therapeutics *		1		3
Mesa Laboratories		2,260		239,741
MiMedx Group *		49,107		302,499
Mineralys Therapeutics *		5,236		64,141
Mirum Pharmaceuticals *		11,793		296,122
ModivCare *		5,796		136,032
Monte Rosa Therapeutics *		11,946		63,553
Morphic Holding *		16,733		456,309
Multiplan *		1		1
Mural Oncology *		7,382		27,313
Myriad Genetics *		36,754		719,276
National HealthCare		5,589		507,872
National Research		6,647		227,660
Nautilus Biotechnology, Cl A *		1		3
Neogen *		98,392		1,213,173
NeoGenomics *		63,547		884,574
Neumora Therapeutics *		6,779		61,621
Nevro *		15,004		158,742
Nkarta *		1		7
Novavax *		41,465		179,543

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

55

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Nurix Therapeutics *		23,065	$	277,241
Nuvalent, Cl A *		12,042		829,453
Nuvation Bio *		1		3
Nuvectis Pharma *		4,274		25,986
Ocean Biomedical *		1		1
Ocular Therapeutix *		55,812		264,549
Olema Pharmaceuticals *		14,584		148,319
Omega Therapeutics *		1		2
Omeros *		1		3
Omnicell *		20,997		562,930
OPKO Health *		1		1
OptimizeRx *		7,556		77,071
Optinose *		1		1
Option Care Health *		77,132		2,305,475
OraSure Technologies *		39,618		209,579
Orchestra BioMed Holdings *		4,591		20,246
Organogenesis Holdings, Cl A *		1		2
ORIC Pharmaceuticals *		20,681		182,613
Orthofix Medical *		15,206		197,678
OrthoPediatrics *		7,024		208,121
Outset Medical *		1		3
Ovid therapeutics *		1		3
Owens & Minor *		33,799		836,187
P3 Health Partners *		1		1
Pacific Biosciences of California *		1		2
Pacira BioSciences *		20,814		546,368
Paragon 28 *		21,994		202,785
Patterson		39,075		995,240
PDS Biotechnology *		51,576		172,780
Pediatrix Medical Group *		35,983		319,169
Pennant Group *		13,060		273,085
PepGen *		6,927		85,064
PetIQ, Cl A *		12,030		196,330
Phathom Pharmaceuticals *		12,207		110,229
Phibro Animal Health, Cl A		8,983		150,016
Phreesia *		24,137		500,601
Pliant Therapeutics *		25,868		305,760
PMV Pharmaceuticals *		1		2
Poseida Therapeutics, Cl A *		1		2

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

56

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Precigen *		1	$	1
Prelude Therapeutics *		1		4
Prestige Consumer Healthcare *		22,932		1,645,600
Prime Medicine *		18,871		92,845
Privia Health Group *		51,212		942,301
PROCEPT BioRobotics *		18,308		969,958
Progyny *		35,351		1,133,353
ProKidney, Cl A *		1		2
Protagonist Therapeutics *		25,990		652,609
Protalix BioTherapeutics *		1		1
PTC Therapeutics *		32,309		1,038,734
Pulmonx *		14,391		109,516
Pulse Biosciences *		10,571		77,908
Quanterix *		16,471		265,513
Quantum-Si *		1		2
Quipt Home Medical *		21,844		78,638
RadNet *		26,995		1,309,258
Rallybio *		1		2
RAPT Therapeutics *		16,631		128,059
Recursion Pharmaceuticals, Cl A *		66,042		516,448
REGENXBIO *		18,736		287,598
Relay Therapeutics *		37,002		241,253
Reneo Pharmaceuticals *		1		2
Replimune Group *		22,969		145,853
Revance Therapeutics *		35,831		129,350
REVOLUTION Medicines *		65,341		2,435,912
Rhythm Pharmaceuticals *		23,827		947,362
Rigel Pharmaceuticals *		1		1
Rocket Pharmaceuticals *		27,945		601,376
RxSight *		13,580		707,925
Sage Therapeutics *		24,928		347,496
Sagimet Biosciences, Cl A *		2,284		8,908
Sana Biotechnology *		43,454		391,086
Sanara Medtech *		2,228		70,940
Sangamo Therapeutics *		1		1
Savara *		1		5
Scholar Rock Holding *		25,515		374,305
Schrodinger *		24,519		597,773
scPharmaceuticals *		14,884		66,531

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

57

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Seer, Cl A *		1	$	2
Select Medical Holdings		47,310		1,342,185
Semler Scientific *		3,071		78,403
Seres Therapeutics *		1		1
Sharecare *		1		1
SI-BONE *		18,176		259,190
SIGA Technologies		19,751		173,414
Sight Sciences *		1		6
Silk Road Medical *		16,826		327,097
Simulations Plus		7,315		331,735
SpringWorks Therapeutics *		30,343		1,416,715
STAAR Surgical *		22,679		1,042,327
Stoke Therapeutics *		9,461		104,355
Summit Therapeutics *		1		4
Supernus Pharmaceuticals *		22,445		675,595
Surgery Partners *		34,139		851,768
Surmodics *		6,393		164,236
Sutro Biopharma *		1		3
Syndax Pharmaceuticals *		41,423		875,268
Tactile Systems Technology *		16,846		231,969
Tango Therapeutics *		19,290		148,533
Taro Pharmaceutical Industries *		4,170		177,142
Tarsus Pharmaceuticals *		14,399		452,561
Tela Bio *		9,097		40,982
Tenaya Therapeutics *		1		5
Terns Pharmaceuticals *		39,136		197,637
TG Therapeutics *		63,047		861,222
Theravance Biopharma *		29,858		252,002
Third Harmonic Bio *		8,591		95,704
TransMedics Group *		14,940		1,406,302
Travere Therapeutics *		29,936		165,546
Treace Medical Concepts *		20,725		214,918
Trevi Therapeutics *		1		3
TruBridge *		6,264		49,486
Turnstone Biologics *		1		3
Twist Bioscience *		25,987		811,574
Tyra Biosciences *		6,382		109,132
UFP Technologies *		3,412		702,667
UroGen Pharma *		12,466		172,280

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

58

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
US Physical Therapy		6,684	$	678,493
Utah Medical Products		1,629		107,840
Vanda Pharmaceuticals *		26,160		124,522
Varex Imaging *		17,737		288,226
Vaxcyte *		47,440		2,872,492
Vaxxinity, Cl A *		1		—
Ventyx Biosciences *		1		4
Vera Therapeutics, Cl A *		21,192		837,296
Veracyte *		32,752		640,957
Vericel *		21,320		977,948
Verrica Pharmaceuticals *		47,963		334,062
Verve Therapeutics *		23,834		143,242
Vicarious Surgical, Cl A *		1		—
Viemed Healthcare *		17,377		142,318
Vigil Neuroscience *		1		3
Viking Therapeutics *		46,491		3,699,754
Vir Biotechnology *		37,659		318,595
Viridian Therapeutics *		20,792		275,702
Vor BioPharma *		1		2
Voyager Therapeutics *		15,812		123,650
WaVe Life Sciences *		33,050		162,937
X4 Pharmaceuticals *		1		1
Xencor *		26,414		553,109
Xeris Biopharma Holdings *		1		2
XOMA *		4,438		112,459
Y-mAbs Therapeutics *		25,001		380,265
Zentalis Pharmaceuticals *		26,545		293,588
Zevra Therapeutics *		19,072		87,350
Zimvie *		11,856		180,211
Zymeworks *		26,210		224,882
Zynex *		9,231		101,264
				161,120,822
Industrials — 14.0%
374Water *		1		1
3D Systems *		56,355		188,789
AAON		31,319		2,946,805
AAR *		16,272		1,125,046
ABM Industries		30,136		1,316,943

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

59

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
ACCO Brands		38,553	$	185,825
ACV Auctions, Cl A *		57,811		1,008,802
AeroVironment *		12,299		1,965,257
AerSale *		11,619		82,843
Air Transport Services Group *		25,156		322,500
Alamo Group		4,801		933,218
Albany International, Cl A		14,642		1,167,699
Alight, Cl A *		191,140		1,724,083
Allegiant Travel		7,053		384,812
Allient		6,218		182,747
Alta Equipment Group		9,163		101,801
Ameresco, Cl A *		14,350		300,345
American Woodmark *		7,584		698,335
Amprius Technologies *		1		2
API Group *		94,953		3,662,337
Apogee Enterprises		10,237		632,442
Applied Industrial Technologies		17,518		3,210,173
ArcBest		11,263		1,249,179
Archer Aviation, Cl A *		68,121		264,309
Arcosa		22,544		1,713,795
Argan		6,449		388,617
Aris Water Solutions, Cl A		16,967		238,047
Array Technologies *		68,835		849,424
Astec Industries		10,147		424,145
Astronics *		11,672		195,739
Asure Software *		10,178		75,215
Atkore		18,653		3,269,871
Atmus Filtration Technologies *		38,137		1,155,170
AZZ		11,079		793,589
Babcock & Wilcox Enterprises *		1		1
Barnes Group		21,839		758,250
Barrett Business Services		3,154		383,211
Beacon Roofing Supply *		28,662		2,824,067
BlackSky Technology *		1		1
Blade Air Mobility *		1		3
Blink Charging *		1		3
Bloom Energy, Cl A *		86,026		957,469
Blue Bird *		11,472		378,060
BlueLinx Holdings *		3,990		437,583

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

60

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Boise Cascade		19,696	$	2,605,190
Bowman Consulting Group, Cl A *		5,142		167,064
BrightView Holdings *		19,038		214,177
Brink’s		21,420		1,873,393
Cadre Holdings		9,385		312,990
Casella Waste Systems, Cl A *		25,772		2,329,789
CBIZ *		22,158		1,577,206
CECO Environmental *		14,745		318,787
Chart Industries *		19,564		2,818,390
Columbus McKinnon		12,775		527,224
Comfort Systems USA		16,090		4,978,407
Commercial Vehicle Group *		16,390		98,504
CompX International		1,017		32,025
Concrete Pumping Holdings *		11,797		78,450
Conduent *		1		3
Construction Partners, Cl A *		18,933		977,700
CoreCivic *		49,413		736,254
Covenant Logistics Group, Cl A		5,292		239,145
CRA International		3,063		444,411
CSG Systems International		15,134		714,930
CSW Industrials		7,056		1,676,647
Custom Truck One Source *		24,435		121,931
Deluxe		19,878		392,590
Desktop Metal, Cl A *		1		1
Distribution Solutions Group *		4,674		154,102
DNOW *		47,435		669,308
Douglas Dynamics		10,408		235,637
Dragonfly Energy Holdings *		1		1
Ducommun *		6,658		360,131
DXP Enterprises *		7,228		352,437
Dycom Industries *		13,142		1,840,143
Encore Wire		8,230		2,299,133
Energy Recovery *		25,432		378,937
Energy Vault Holdings *		1		1
Enerpac Tool Group, Cl A		25,913		923,280
EnerSys		18,878		1,707,515
Ennis		11,172		222,323
Enovix *		61,758		386,605
Enpro		9,686		1,454,159

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

61

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Enviri *		32,410	$	252,150
Eos Energy Enterprises *		1		1
ESCO Technologies		11,529		1,169,617
ESS Tech *		1		1
Eve Holding *		10,020		54,008
EVI Industries		3,107		63,756
ExlService Holdings *		73,706		2,137,474
Exponent		23,110		2,124,040
Federal Signal		27,462		2,232,661
First Advantage		25,204		410,825
FiscalNote Holdings *		1		1
Fluence Energy, Cl A *		26,564		473,902
Fluor *		64,494		2,601,043
Forrester Research *		5,000		90,950
Forward Air		11,700		257,634
Franklin Covey *		5,441		211,873
Franklin Electric		21,121		2,033,319
Frontier Group Holdings *		16,222		97,981
FTAI Aviation		45,389		3,186,762
FTAI Infrastructure		44,838		324,627
FTC Solar *		1		—
FuelCell Energy *		1		1
GATX		16,138		1,974,646
Genco Shipping & Trading		18,945		404,286
Gencor Industries *		6,096		103,449
GEO Group *		52,803		784,653
Gibraltar Industries *		14,069		1,005,371
Global Industrial		5,678		218,660
GMS *		18,563		1,717,449
Gorman-Rupp		10,536		349,479
GrafTech International		1		2
Granite Construction		20,280		1,125,540
Great Lakes Dredge & Dock *		28,107		185,506
Greenbrier		13,618		672,593
Griffon		21,335		1,397,869
H&E Equipment Services		14,456		698,080
Hawaiian Holdings *		21,780		276,606
Healthcare Services Group *		31,957		339,383
Heartland Express		20,219		200,977

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

62

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Heidrick & Struggles International		9,172	$	270,391
Helios Technologies		15,187		684,934
Herc Holdings		12,907		1,846,088
Hillenbrand		31,428		1,499,744
Hillman Solutions *		87,900		840,324
HireQuest		10,871		139,366
HireRight Holdings *		9,061		129,572
HNI		21,056		883,299
Hub Group, Cl A		28,816		1,158,980
Hudson Technologies *		20,735		205,691
Huron Consulting Group *		9,216		859,300
Hyliion Holdings *		1		1
Hyster-Yale Materials Handling		4,864		284,884
IBEX Holdings *		4,114		53,893
ICF International		8,668		1,250,706
IES Holdings *		4,002		540,750
Innodata *		13,030		76,095
INNOVATE *		1		1
Insperity		17,368		1,787,688
Insteel Industries		8,645		277,504
Interface, Cl A		27,420		419,252
Janus International Group *		37,320		537,781
JELD-WEN Holding *		38,292		784,986
JetBlue Airways *		148,031		840,816
Joby Aviation *		125,888		635,734
John Bean Technologies		14,695		1,309,178
Kadant		5,755		1,575,661
Karat Packaging		2,468		66,883
Kelly Services, Cl A		15,165		347,885
Kennametal		36,768		865,151
Kforce		8,855		546,885
Korn Ferry		23,748		1,441,979
Kratos Defense & Security Solutions *		66,391		1,183,088
LanzaTech Global *		1		2
Legalzoom.com *		62,721		749,516
Leonardo DRS *		31,118		669,659
Limbach Holdings *		5,032		228,101
Lindsay		5,052		586,790
Liquidity Services *		10,657		183,940

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

63

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
LSI Industries		13,278	$	193,859
Manitowoc *		15,417		186,546
Marten Transport		26,495		448,295
Masonite International *		9,960		1,320,198
Masterbrand *		58,972		983,063
Matson		17,367		1,871,815
Matthews International, Cl A		13,233		357,026
Maximus		27,730		2,226,164
Mayville Engineering *		6,468		89,000
McGrath RentCorp		12,126		1,293,359
Microvast Holdings *		1		—
Miller Industries		4,955		241,358
MillerKnoll		35,492		902,562
Mistras Group *		12,261		107,284
Montrose Environmental Group *		12,805		555,993
Moog, Cl A		12,894		2,051,049
MRC Global *		35,535		399,058
Mueller Industries		51,230		2,859,659
Mueller Water Products, Cl A		70,619		1,118,605
MYR Group *		7,647		1,271,314
National Presto Industries		2,302		188,741
NEXTracker, Cl A *		57,346		2,453,835
Nikola *		1		1
NL Industries		3,258		26,748
Northwest Pipe *(A)		4,289		135,747
NuScale Power *		1		6
NV5 Global *		6,371		594,032
Omega Flex		1,477		97,866
OPENLANE *		51,286		881,093
PAM Transportation Services *		3,245		55,587
Pangaea Logistics Solutions		19,278		138,802
Park Aerospace		8,145		116,229
Park-Ohio Holdings		4,962		126,680
Parsons *		18,592		1,459,658
Performant Financial *		1		3
Pitney Bowes		1		4
Planet Labs PBC *		1		2
Powell Industries		4,181		597,883
Preformed Line Products		1,339		162,059

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

64

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Primoris Services		23,904	$	1,113,926
Proto Labs *		11,886		362,285
Quad		13,714		61,576
Quanex Building Products		15,126		502,486
Radiant Logistics *		15,950		78,793
Redwire *		1		4
Resideo Technologies *		65,940		1,287,808
Resources Connection		13,731		151,728
REV Group		14,491		316,773
Rocket Lab USA *		126,379		475,185
Rush Enterprises, Cl A		28,552		1,254,004
Rush Enterprises, Cl B		4,381		179,227
RXO *		52,904		1,000,415
SES AI *		1		2
Shoals Technologies Group, Cl A *		76,228		644,127
Shyft Group		14,946		162,612
Simpson Manufacturing		19,688		3,423,546
Skillsoft *		4,196		30,169
SkyWest *		21,369		1,560,578
SKYX Platforms *		1		1
Southland Holdings *		4,176		18,291
SP Plus *		9,931		507,077
Spirit Airlines		49,391		174,350
SPX Technologies *		20,664		2,517,082
Standex International		5,311		918,166
Steelcase, Cl A		41,710		501,771
Stem *		1		2
Sterling Check *		19,579		296,230
Sterling Infrastructure *		13,794		1,401,470
Sun Country Airlines Holdings *		20,133		267,970
SunPower, Cl A *		1		2
Tennant		8,448		984,023
Terex		30,791		1,725,836
Terran Orbital *		1		1
Thermon Group Holdings *		15,586		497,661
Titan International *		21,947		241,856
Titan Machinery *		9,529		212,116
TPI Composites *		1		3
Transcat *		3,507		376,547

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

65

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
TriNet Group		17,169	$	1,723,253
Trinity Industries		37,001		962,766
Triumph Group *		27,685		369,872
TrueBlue *		14,853		154,768
TTEC Holdings		8,333		60,664
Tutor Perini *		17,003		282,760
UFP Industries		27,575		3,107,702
UniFirst		6,828		1,093,368
Universal Logistics Holdings		3,432		153,342
Upwork *		57,503		672,785
V2X *		5,145		249,944
Velo3D *		1		—
Verra Mobility, Cl A *		63,779		1,503,909
Viad *		9,377		323,319
Vicor *		10,187		329,855
Virgin Galactic Holdings *		1		1
VSE		7,034		549,144
Wabash National		21,091		487,413
Watts Water Technologies, Cl A		12,461		2,473,010
Werner Enterprises		29,301		1,002,094
Willdan Group *		5,110		144,051
Willis Lease Finance *		1,765		85,797
Xometry, Cl A *		15,010		268,229
Zurn Elkay Water Solutions		67,221		2,102,673
				194,512,747
Information Technology — 11.6%
8x8 *		1		2
908 Devices *		11,175		63,697
A10 Networks		34,100		445,346
ACI Worldwide *		49,474		1,687,063
ACM Research, Cl A *		22,050		562,716
Adeia		47,789		470,244
ADTRAN Holdings		34,934		153,011
Advanced Energy Industries		17,477		1,674,996
Aehr Test Systems *		11,914		142,730
Agilysys *		8,973		745,208
Akoustis Technologies *		1		1
Alarm.com Holdings *		22,463		1,493,789

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

66

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Alkami Technology *		17,685	$	425,678
Alpha & Omega Semiconductor *		10,376		226,923
Altair Engineering, Cl A *		24,472		1,968,772
Ambarella *		17,668		812,198
American Software, Cl A		17,436		176,278
Amkor Technology		50,807		1,643,606
Amplitude, Cl A *		33,514		328,102
Appfolio, Cl A *		8,887		2,015,394
Appian, Cl A *		18,734		701,401
Applied Digital *		1		3
Arlo Technologies *		38,625		478,177
Asana, Cl A *		36,243		538,933
ASGN *		22,277		2,148,617
Atomera *		9,743		45,208
Aurora Innovation, Cl A *		1		3
AvePoint *		71,041		551,989
Aviat Networks *		4,982		166,648
Axcelis Technologies *		15,044		1,557,355
Badger Meter		13,584		2,484,785
Bel Fuse, Cl B		4,995		293,306
Belden		19,877		1,615,404
Benchmark Electronics		15,810		477,620
BigBear.ai Holdings *		1		2
BigCommerce Holdings *		30,074		170,219
Blackbaud *		21,352		1,663,748
BlackLine *		26,257		1,524,219
Box, Cl A *		63,875		1,662,028
Braze, Cl A *		23,831		998,519
Brightcove *		1		2
C3.ai, Cl A *		36,782		828,698
Calix *		27,111		751,788
Cambium Networks *		5,073		17,197
Cerence *		18,060		164,527
CEVA *		10,762		218,146
Cipher Mining *		1		4
Cleanspark *		87,232		1,428,860
Clear Secure, Cl A		37,585		656,610
Clearfield *		5,859		176,473
Climb Global Solutions		2,289		147,549

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

67

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Cohu *		21,314	$	646,240
CommScope Holding *		1		1
CommVault Systems *		19,839		2,032,902
CompoSecure, Cl A *		3,243		22,539
Comtech Telecommunications *		1		2
Consensus Cloud Solutions *		9,121		106,168
CoreCard *		4,063		48,675
Corsair Gaming *		21,337		236,841
Couchbase *		15,239		367,869
CPI Card Group *		2,815		48,559
Credo Technology Group Holding *		57,793		1,032,761
CS Disco *		9,381		70,827
CTS		14,312		654,774
CXApp *		1		3
Daily Journal *		1,117		374,418
Daktronics *		20,802		196,579
Digi International *		16,135		494,699
Digimarc *		6,600		139,524
Digital Turbine *		1		2
DigitalOcean Holdings *		32,291		1,061,082
Diodes *		20,707		1,511,818
Domo, Cl B *		13,879		104,509
DZS *		1		1
E2open Parent Holdings *		1		5
Eastman Kodak *		19,992		89,964
eGain *		8,688		53,952
Enfusion, Cl A *		13,916		129,558
Envestnet *		24,320		1,509,542
ePlus *		12,123		932,016
Everbridge *		18,681		649,165
EverCommerce *		11,639		104,751
Evolv Technologies Holdings *		53,199		208,008
Expensify, Cl A *		1		2
Extreme Networks *		62,219		696,853
FARO Technologies *		7,967		149,381
Fastly, Cl A *		62,068		785,160
FormFactor *		35,640		1,589,188
Freshworks, Cl A *		73,685		1,315,277
Grid Dynamics Holdings *		22,933		224,055

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

68

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Hackett Group		11,682	$	253,383
Harmonic *		49,665		533,402
Ichor Holdings *		13,117		508,677
Immersion		16,991		123,525
Impinj *		10,370		1,652,771
Infinera *		90,371		435,588
Information Services Group		14,756		49,728
Insight Enterprises *		14,260		2,603,448
Instructure Holdings *		10,142		194,016
Intapp *		22,557		697,462
InterDigital		13,103		1,293,659
inTEST *		5,620		63,337
Intevac *		17,403		73,615
IonQ *		72,938		623,620
Iteris *		24,043		107,713
Itron *		21,046		1,938,758
Jamf Holding *		31,902		621,132
Kaltura *		1		1
Kimball Electronics *		10,579		221,418
Knowles *		40,947		648,191
KVH Industries *		10,540		50,592
Lightwave Logic *		46,256		176,698
LivePerson *		1		1
LiveRamp Holdings *		30,209		970,011
Luna Innovations *		16,509		34,009
MACOM Technology Solutions Holdings *		24,972		2,545,895
Marathon Digital Holdings *		106,675		1,713,201
Matterport *		1		5
Maxeon Solar Technologies *		1		2
MaxLinear, Cl A *		35,132		730,394
MeridianLink *		11,819		197,141
Methode Electronics		15,615		190,347
MicroStrategy, Cl A *		6,722		7,159,132
MicroVision *		1		1
Mirion Technologies, Cl A *		90,717		986,094
Mitek Systems *		17,749		224,170
Model N *		17,130		507,905
N-able *		31,448		385,552
Napco Security Technologies		14,473		589,051

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

69

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Navitas Semiconductor, Cl A *		47,419	$	205,324
NETGEAR *		12,489		184,587
NetScout Systems *		31,156		600,065
NextNav *		1		9
nLight *		21,409		243,849
Novanta *		16,291		2,549,542
NVE		2,336		190,150
Olo, Cl A *		45,630		219,024
ON24		17,331		114,211
OneSpan *		19,473		210,698
Onto Innovation *		22,633		4,198,195
Ooma *		10,025		70,777
OSI Systems *		7,225		949,654
PagerDuty *		41,521		828,759
PAR Technology *		12,379		523,384
PC Connection		5,435		336,807
PDF Solutions *		14,355		431,798
Perficient *		16,015		756,869
Photronics *		27,905		764,876
Plexus *		12,740		1,286,867
Power Integrations		25,937		1,730,517
PowerSchool Holdings, Cl A *		25,754		446,059
Presto Automation *		1		—
Progress Software		21,279		1,060,120
PROS Holdings *		20,395		667,936
Q2 Holdings *		26,645		1,369,287
Qualys *		16,811		2,755,491
Rackspace Technology *		1		2
Rambus *		50,119		2,747,524
Rapid7 *		27,454		1,229,939
Red Violet *		5,177		86,870
Ribbon Communications *		1		3
Richardson Electronics		6,540		68,866
Rimini Street *		1		3
Riot Platforms *		92,389		934,053
Rogers *		8,314		990,114
Sanmina *		26,208		1,590,039
ScanSource *		11,361		472,845
SEMrush Holdings, Cl A *		16,387		200,577

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

70

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Semtech *		29,129	$	1,095,833
Silicon Laboratories *		14,325		1,740,344
SiTime *		7,829		697,720
SkyWater Technology *		8,716		89,426
SMART Global Holdings *		22,034		402,561
SmartRent, Cl A *		1		2
SolarWinds		22,927		252,656
SoundHound AI, Cl A *		62,537		265,157
SoundThinking *		3,947		52,732
Sprinklr, Cl A *		46,864		547,840
Sprout Social, Cl A *		22,319		1,125,994
SPS Commerce *		16,658		2,896,326
Squarespace, Cl A *		24,391		850,270
Super Micro Computer *		23,202		19,925,878
Synaptics *		17,955		1,615,232
Tenable Holdings *		51,568		2,319,013
Terawulf *		1		2
Thoughtworks Holding *		1		2
Transphorm *		1		5
TTM Technologies *		47,176		704,338
Tucows, Cl A *		4,255		75,186
Turtle Beach *		6,960		98,136
Ultra Clean Holdings *		20,343		850,948
Unisys *		30,111		163,503
Varonis Systems, Cl B *		49,846		2,180,763
Veeco Instruments *		23,216		820,453
Verint Systems *		28,348		858,377
Veritone *		1		3
Viant Technology, Cl A *		5,227		45,945
Viavi Solutions *		99,736		787,914
Vishay Intertechnology		59,336		1,373,035
Vishay Precision Group *		5,452		179,916
Vuzix *		1		1
Weave Communications *		18,813		201,111
Workiva, Cl A *		22,280		1,755,664
Xerox Holdings		53,247		707,653
Xperi *		17,793		187,004
Yext *		47,751		262,153
Zeta Global Holdings, Cl A *		61,566		760,956

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

71

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Zuora, Cl A *		55,764	$	549,833
				160,650,682
Materials — 3.6%
5E Advanced Materials *		1		1
AdvanSix		11,842		299,129
Alpha Metallurgical Resources		5,754		1,882,248
American Vanguard		12,698		144,630
Arch Resources		8,232		1,307,077
Aspen Aerogels *		23,052		360,994
ATI *		58,670		3,502,599
Avient		41,125		1,744,522
Balchem		14,805		2,093,131
Cabot		25,610		2,336,400
Carpenter Technology		22,146		1,897,912
Century Aluminum *		23,105		400,872
Clearwater Paper *		7,738		348,520
Coeur Mining *		1		5
Commercial Metals		53,321		2,865,471
Compass Minerals International		15,731		195,851
Constellium, Cl A *		58,617		1,154,169
Contango ORE *		3,643		76,029
Core Molding Technologies *		4,496		81,018
Dakota Gold *		1		3
Danimer Scientific *		1		1
Ecovyst *		42,014		396,192
Glatfelter *		1		1
Greif, Cl A		11,092		679,718
Greif, Cl B		2,562		160,074
Hawkins		8,851		670,640
Haynes International		5,769		347,005
HB Fuller		24,763		1,850,044
Hecla Mining		282,436		1,335,922
Ingevity *		16,683		853,169
Innospec		11,551		1,386,120
Intrepid Potash *		4,844		97,461
Ivanhoe Electric *		27,524		277,992
Kaiser Aluminum		7,315		661,934
Knife River *		25,724		2,011,360

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

72

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
Koppers Holdings		8,967	$	459,828
Kronos Worldwide		9,880		113,126
LSB Industries *		31,613		294,001
Materion		9,246		1,062,735
Mativ Holdings		24,875		454,217
Metallus *		19,789		406,862
Minerals Technologies		14,652		1,067,984
Myers Industries		16,698		365,686
O-I Glass, Cl I *		69,946		1,046,392
Olympic Steel		4,560		289,879
Origin Materials *		1		1
Pactiv Evergreen		17,919		273,086
Perimeter Solutions *		68,392		478,744
Perpetua Resources *		1		5
Piedmont Lithium *		8,891		108,915
PureCycle Technologies *		58,498		273,186
Quaker Chemical		6,369		1,188,010
Radius Recycling, Cl A		11,925		207,733
Ramaco Resources, Cl A		9,303		145,871
Ramaco Resources, Cl B		1,860		20,665
Ranpak Holdings, Cl A *		16,427		118,931
Rayonier Advanced Materials *		1		4
Ryerson Holding		12,110		345,741
Sensient Technologies		19,546		1,431,158
Stepan		9,829		815,709
Summit Materials, Cl A *		54,111		2,104,918
SunCoke Energy		37,622		387,883
Sylvamo		17,159		1,072,438
Tredegar		14,086		89,869
TriMas		18,403		478,294
Trinseo		16,171		42,206
Tronox Holdings, Cl A		53,309		905,720
United States Lime & Minerals		1,086		336,660
Valhi		1,238		18,285
Warrior Met Coal		23,940		1,636,299
Worthington Steel		13,943		429,305
				49,888,560

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

73

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — 4.5%
Acadia Realty Trust ‡		41,706	$	720,680
Alexander & Baldwin ‡		32,372		533,167
Alexander’s ‡		1,086		229,754
Alpine Income Property Trust ‡		7,199		107,481
American Assets Trust ‡		21,805		465,537
American Realty Investors *		597		8,227
Anywhere Real Estate *		47,614		231,404
Apartment Investment and Management, Cl A ‡ *		66,238		529,904
Apple Hospitality REIT ‡		98,056		1,447,307
Armada Hoffler Properties ‡		30,142		317,094
Braemar Hotels & Resorts ‡		1		3
Brandywine Realty Trust ‡		69,877		317,242
Broadstone Net Lease, Cl A ‡		83,754		1,219,458
BRT Apartments ‡		5,411		97,073
CareTrust REIT ‡		54,254		1,341,159
CBL & Associates Properties ‡		12,411		269,939
Centerspace ‡		6,943		466,917
Chatham Lodging Trust ‡		20,787		190,617
City Office REIT ‡		17,733		82,636
Clipper Realty ‡		4,887		20,525
Community Healthcare Trust ‡		12,727		337,647
Compass, Cl A *		1		3
COPT Defense Properties ‡		52,034		1,247,255
CTO Realty Growth ‡		10,684		185,367
Cushman & Wakefield *		74,772		721,550
DiamondRock Hospitality ‡		94,674		842,599
DigitalBridge Group		73,588		1,209,787
Diversified Healthcare Trust ‡		1		2
Douglas Elliman		1		1
Douglas Emmett ‡		76,594		1,050,104
Easterly Government Properties, Cl A ‡		42,331		494,849
Elme Communities ‡		38,221		579,430
Empire State Realty Trust, Cl A ‡		58,337		530,867
Equity Commonwealth ‡ *		45,930		859,810
Essential Properties Realty Trust ‡		73,081		1,924,954
eXp World Holdings		30,921		307,973
Farmland Partners ‡		23,223		249,879
Forestar Group *		8,462		262,237

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

74

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Four Corners Property Trust ‡		41,177	$	965,601
FRP Holdings *		5,904		178,950
Getty Realty ‡		21,756		589,588
Gladstone Commercial ‡		16,943		226,528
Gladstone Land ‡		13,603		172,486
Global Medical REIT ‡		28,630		232,189
Global Net Lease ‡		87,626		609,001
Hudson Pacific Properties ‡		66,013		382,875
Independence Realty Trust ‡		107,442		1,694,360
Innovative Industrial Properties, Cl A ‡		12,573		1,300,048
InvenTrust Properties ‡		31,019		786,021
JBG SMITH Properties ‡		50,735		761,532
Kennedy-Wilson Holdings		53,880		462,829
Kite Realty Group Trust ‡		98,460		2,146,428
LTC Properties ‡		18,740		620,294
LXP Industrial Trust ‡		129,633		1,082,436
Macerich ‡		98,284		1,352,388
Marcus & Millichap		11,849		375,258
Maui Land & Pineapple *		4,821		93,913
National Health Investors ‡		19,010		1,198,771
NETSTREIT ‡		34,802		586,414
Newmark Group, Cl A		66,614		637,496
NexPoint Diversified Real Estate Trust ‡(B)		16,203		96,894
NexPoint Residential Trust ‡		10,323		353,459
Office Properties Income Trust ‡		1		2
One Liberty Properties ‡		7,069		161,951
Opendoor Technologies *		1		2
Orion Office REIT ‡		23,633		73,735
Outfront Media ‡		66,440		1,053,738
Paramount Group ‡		76,766		356,194
Peakstone Realty Trust ‡		20,467		285,924
Pebblebrook Hotel Trust ‡		57,218		831,378
Phillips Edison ‡		53,933		1,763,609
Piedmont Office Realty Trust, Cl A ‡		55,597		383,063
Plymouth Industrial REIT ‡		21,009		438,668
Postal Realty Trust, Cl A ‡		7,799		108,016
PotlatchDeltic ‡		36,109		1,444,721
RE/MAX Holdings, Cl A		8,170		57,353
Redfin *		42,897		240,652

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

75

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Retail Opportunity Investments ‡		55,421	$	680,016
RLJ Lodging Trust ‡		69,770		767,470
RMR Group, Cl A		6,799		161,272
Ryman Hospitality Properties ‡		26,228		2,766,529
Sabra Health Care REIT ‡		104,222		1,450,770
Safehold ‡		22,200		404,928
Saul Centers ‡		5,238		190,716
Service Properties Trust ‡		74,245		455,122
SITE Centers ‡		86,001		1,160,153
SL Green Realty ‡		29,848		1,487,326
St. Joe		15,510		887,172
Star Holdings *		8,885		105,643
Stratus Properties *		2,367		53,684
Summit Hotel Properties ‡		42,897		257,811
Sunstone Hotel Investors ‡		91,604		934,361
Tanger ‡		47,363		1,342,741
Tejon Ranch *		9,310		156,222
Terreno Realty ‡		44,301		2,407,759
Transcontinental Realty Investors *		700		20,055
UMH Properties ‡		27,308		434,743
Uniti Group ‡		100,452		577,599
Universal Health Realty Income Trust ‡		5,622		202,561
Urban Edge Properties ‡		51,731		865,460
Veris Residential ‡		37,541		540,966
Whitestone REIT, Cl B ‡		21,896		251,804
Xenia Hotels & Resorts ‡		50,014		693,694
				62,761,780
Utilities — 2.0%
ALLETE		26,890		1,592,426
Altus Power, Cl A *		42,422		155,689
American States Water		17,279		1,224,044
Artesian Resources, Cl A		4,269		149,330
Avista		37,156		1,336,873
Black Hills		30,952		1,699,265
Cadiz *		1		2
California Water Service Group		27,393		1,345,544
Chesapeake Utilities		9,787		1,036,150
Consolidated Water		7,585		193,038

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

76

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Utilities — continued
Genie Energy, Cl B		10,363	$	158,450
Global Water Resources		5,430		66,463
MGE Energy		16,863		1,320,710
Middlesex Water		8,021		406,825
Montauk Renewables *		27,801		100,084
New Jersey Resources		44,427		1,941,016
Northwest Natural Holding		16,657		635,465
Northwestern Energy Group		27,527		1,388,462
ONE Gas		25,033		1,615,129
Ormat Technologies		24,308		1,551,580
Otter Tail		18,993		1,621,242
PNM Resources		39,256		1,454,827
Portland General Electric		47,308		2,045,125
Pure Cycle *		8,145		77,703
RGC Resources		4,567		94,171
SJW Group		14,372		782,555
Southwest Gas Holdings		29,224		2,180,695
Spire		24,324		1,502,980
Sunnova Energy International *		42,615		179,409
Unitil		7,036		358,414
York Water		6,592		234,082
				28,447,748
TOTAL UNITED STATES				1,092,438,469
TOTAL COMMON STOCK (Cost $1,037,713,432)				1,123,893,686
EXCHANGE TRADED FUND — 21.7% (C)
Vanguard Russell 2000 ETF		3,804,233		301,143,084
TOTAL EXCHANGE TRADED FUND (Cost $284,254,083)				301,143,084
		Number of Rights
RIGHTS(B) — 0.0%
United States — 0.0%
Cartesian Therapeutics CVR# *(B)(D)		1		—
CinCor Pharma# *(D)		15,984		48,911
Jounce Therapeutics# *(D)		1		—
Novartis CVR# *(D)		26,043		10,157

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

77

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

	Number of Rights		Value
RIGHTS — continued
OmniAb CVR# *(D)		2,421	$	49
OmniAb CVR# *(D)		2,421		48
Rain Oncology CVR# *(D)		1		—
TOTAL RIGHTS (Cost $–)				59,165
TOTAL INVESTMENTS — 102.6% (Cost $1,321,967,515)			$	1,425,095,935
WRITTEN OPTIONS— (2.8)% (Premiums Received  $(35,752,274))			$	(38,460,015	)

Percentages are based on Net Assets of $1,388,733,454.

A list of the exchange traded option contracts held by the Fund at April 30, 2024, is as follows:

Description	Number of Contracts	Notional Amount			Exercise Price		Expiration Date	Value
WRITTEN OPTIONS — (2.8)%
Call Options
Russell 2000 Index	(7,209)	$	(1,422,988,835	)	$	1,950	05/17/24	$	(38,460,015	)

*	Non-income producing security.
‡	Real Estate Investment Trust
#	Expiration date not available.
(A)	Affiliated investment.
(B)	All or a portion of these securities has been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $1,256.
(C)	For financial information on the Vanguard Russell 2000 ETF, please go to the Securities Exchange Commission’s website at http://www.sec.gov.
(D)	Level 3 security in accordance with fair value hierarchy.

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

78

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call ETF

The following is a summary of the level of inputs used as of April 30, 2024, in valuing the Fund’s investments and other financial instruments carried at value:

Investments in Securities	Level 1			Level 2		Level 3(1)		Total
Common Stock	$	1,123,893,686		$	—	$	—	$	1,123,893,686
Exchange Traded Fund		301,143,084			—		—		301,143,084
Rights		—			—		59,165		59,165
Total Investments in Securities	$	1,425,036,770		$	—	$	59,165	$	1,425,095,935
Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(38,460,015	)	$	—	$	—	$	(38,460,015	)
Total Other Financial Instruments	$	(38,460,015	)	$	—	$	—	$	(38,460,015	)

(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 end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets.

The following is a summary of the transactions with affiliates for the period ended April 30, 2024:

Value 10/31/2023		Purchases at Cost		Proceeds from Sales		Change in Unrealized Appreciation (Depreciation)			Realized Gain (Loss)		Value 4/30/2024		Income		Capital Gains
Centrus Energy, Cl A
$	358,329	$	—	$	—	$	(68,466)		$	—	$	289,863	$	—	$	—
Energy Fuels
	511,871		54,729		—		(200,296)			—		366,304		—		—
Northwest Pipe
	116,918		—		—		18,829			—		135,747		—		—
Uranium Energy
	970,719		105,077		—		129,254			—		1,205,050		—		—
Totals:
$	1,957,837	$	159,806	$	—	$	(120,679	)	$	–	$	1,996,964	$	—	$	—

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

See “Glossary” for abbreviations.

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

79

 

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Nasdaq 100® Covered Call & Growth ETF

Sector Weightings †:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK — 101.2%
BRAZIL — 0.6%
Consumer Discretionary — 0.6%
MercadoLibre *		441	$	643,287
CHINA — 1.1%
Consumer Discretionary — 0.6%
PDD Holdings ADR *		5,860		733,555
Information Technology — 0.5%
NXP Semiconductors		2,262		579,502
TOTAL CHINA				1,313,057
NETHERLANDS — 0.6%
Information Technology — 0.6%
ASML Holding, Cl G		752		656,097
UNITED KINGDOM — 0.6%
Consumer Staples — 0.3%
Coca-Cola Europacific Partners (A)		3,937		283,543

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

 

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Nasdaq 100® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Health Care — 0.3%
AstraZeneca ADR		5,039	$	382,359
TOTAL UNITED KINGDOM				665,902
UNITED STATES — 98.3%
Communication Services — 15.8%
Alphabet, Cl A *(A)		20,012		3,257,553
Alphabet, Cl C *(A)		19,258		3,170,637
Charter Communications, Cl A *		1,279		327,347
Comcast, Cl A		34,771		1,325,123
Electronic Arts		2,331		295,617
Meta Platforms, Cl A (A)		11,886		5,113,001
Netflix *(A)		3,797		2,090,780
Sirius XM Holdings		33,196		97,596
Take-Two Interactive Software *		1,466		209,360
T-Mobile US		10,415		1,709,831
Trade Desk, Cl A *		3,904		323,446
Warner Bros Discovery *		21,243		156,349
				18,076,640
Consumer Discretionary — 12.3%
Airbnb, Cl A *		3,815		604,945
Amazon.com *(A)		35,271		6,172,425
Booking Holdings		301		1,039,061
DoorDash, Cl A *		3,311		427,980
Lululemon Athletica *		1,062		382,957
Marriott International, Cl A		2,544		600,715
O’Reilly Automotive *		514		520,816
Ross Stores		2,950		382,172
Starbucks		9,942		879,768
Tesla *(A)		16,373		3,000,843
				14,011,682
Consumer Staples — 6.5%
Costco Wholesale (A)		3,892		2,813,527
Dollar Tree *		1,903		225,030
Keurig Dr Pepper		12,238		412,420
Kraft Heinz		10,723		414,015
Mondelez International, Cl A		11,822		850,475
Monster Beverage *		9,114		487,143

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

 

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Nasdaq 100® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
PepsiCo		12,058	$	2,121,123
Walgreens Boots Alliance		7,508		133,117
				7,456,850
Energy — 0.5%
Baker Hughes, Cl A		8,797		286,958
Diamondback Energy		1,563		314,366
				601,324
Financials — 0.6%
PayPal Holdings *		9,319		632,946
Health Care — 5.9%
Amgen		4,703		1,288,340
Biogen *		1,263		271,318
Dexcom *		3,389		431,725
GE HealthCare Technologies		3,941		300,462
Gilead Sciences		10,933		712,832
IDEXX Laboratories *		724		356,758
Illumina *		1,389		170,916
Intuitive Surgical *		3,093		1,146,328
Moderna *		3,305		364,574
Regeneron Pharmaceuticals *		946		842,564
Vertex Pharmaceuticals *		2,266		890,107
				6,775,924
Industrials — 4.7%
Automatic Data Processing		3,606		872,255
Cintas		890		585,923
Copart *		8,413		456,910
CSX		17,041		566,102
Fastenal		4,956		336,711
Honeywell International		5,725		1,103,379
Old Dominion Freight Line		1,885		342,523
PACCAR		4,559		483,756
Paychex		3,160		375,440
Verisk Analytics, Cl A		1,265		275,719
				5,398,718

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

 

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Nasdaq 100® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — 48.8%
Adobe *		3,965	$	1,835,121
Advanced Micro Devices *(A)		14,174		2,244,878
Analog Devices		4,354		873,456
ANSYS *		760		246,909
Apple (A)		52,430		8,930,402
Applied Materials (A)		7,292		1,448,556
Atlassian, Cl A *		1,387		238,980
Autodesk *		1,864		396,752
Broadcom (A)		4,063		5,282,997
Cadence Design Systems *		2,386		657,653
CDW		1,172		283,460
Cisco Systems		35,527		1,669,058
Cognizant Technology Solutions, Cl A		4,341		285,117
Crowdstrike Holdings, Cl A *		1,995		583,617
Datadog, Cl A *		2,646		332,073
Fortinet *		6,680		422,042
GLOBALFOUNDRIES *		4,776		233,451
Intel		37,104		1,130,559
Intuit		2,456		1,536,523
KLA		1,187		818,187
Lam Research		1,151		1,029,466
Marvell Technology		7,511		495,050
Microchip Technology		4,695		431,846
Micron Technology		9,686		1,094,131
Microsoft (A)		25,228		9,822,017
MongoDB, Cl A *		623		227,507
NVIDIA (A)		8,489		7,334,666
ON Semiconductor *		3,731		261,767
Palo Alto Networks *		2,836		824,964
QUALCOMM		9,792		1,624,003
Roper Technologies		930		475,658
Synopsys *		1,329		705,154
Texas Instruments		7,978		1,407,479
Workday, Cl A *		1,837		449,569
Zscaler *		1,290		223,093
				55,856,161

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

 

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Nasdaq 100® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Materials — 1.6%
Linde PLC		4,226	$	1,863,497
Real Estate — 0.3%
CoStar Group *		3,569		326,671
Utilities — 1.3%
American Electric Power (A)		4,606		396,254
Constellation Energy		2,768		514,682
Exelon		8,710		327,322
Xcel Energy		4,814		258,656
				1,496,914
TOTAL UNITED STATES				112,497,327
TOTAL COMMON STOCK (Cost $94,190,014)				115,775,670
TOTAL INVESTMENTS — 101.2% (Cost $94,190,014)			$	115,775,670
WRITTEN OPTIONS— (1.3)% (Premiums Received $(1,205,140))			$	(1,475,760	)

Percentages are based on Net Assets of $114,421,902.

A list of the exchange traded option contracts held by the Fund at April 30, 2024, is as follows:

Description	Number of Contracts			Notional Amount			Exercise Price		Expiration Date		Value
WRITTEN OPTIONS — (1.3)%
Call Options
Nasdaq-100		(33	)	$	(57,554,277	)	$	17,250		05/17/24	$	(1,475,760	)

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $58,143,682.

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

 

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Nasdaq 100® Covered Call & Growth ETF

The following is a summary of the level of inputs used as of April 30, 2024, in valuing the Fund’s investments and other financial instruments carried at value:

Investments in Securities	Level 1			Level 2		Level 3		Total
Common Stock	$	115,775,670		$	—	$	—	$	115,775,670
Total Investments in Securities	$	115,775,670		$	—	$	—	$	115,775,670
Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(1,475,760	)	$	—	$	—	$	(1,475,760	)
Total Other Financial Instruments	$	(1,475,760	)	$	—	$	—	$	(1,475,760	)

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

See “Glossary” for abbreviations.

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

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500^® Covered Call & Growth ETF

Sector Weightings †:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK — 100.8%
CHINA — 0.2%
Information Technology — 0.2%
NXP Semiconductors (A)		408	$	104,526
UNITED STATES — 100.6%
Communication Services — 9.2%
Alphabet, Cl A *(A)		9,468		1,541,201
Alphabet, Cl C *(A)		7,931		1,305,760
AT&T (A)		11,352		191,735
Charter Communications, Cl A *(A)		161		41,206
Comcast, Cl A (A)		6,387		243,409
Electronic Arts (A)		395		50,094
Fox, Cl A (A)		483		14,978
Fox, Cl B (A)		233		6,683
Interpublic Group (A)		693		21,095
Live Nation Entertainment *(A)		230		20,449
Match Group *(A)		480		14,794
Meta Platforms, Cl A (A)		3,533		1,519,791
Netflix *(A)		701		385,999
News, Cl A (A)		693		16,493
News, Cl B (A)		231		5,669
Omnicom Group (A)		323		29,987

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

86

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Paramount Global, Cl B (A)		878	$	10,000
Take-Two Interactive Software *(A)		245		34,989
T-Mobile US (A)		861		141,350
Verizon Communications (A)		6,686		264,030
Walt Disney (A)		2,914		323,745
Warner Bros Discovery *(A)		3,373		24,825
				6,208,282
Consumer Discretionary — 10.4%
Airbnb, Cl A *(A)		701		111,158
Amazon.com *(A)		14,669		2,567,075
Aptiv *(A)		463		32,873
AutoZone *(A)		27		79,823
Bath & Body Works (A)		292		13,263
Best Buy (A)		345		25,406
Booking Holdings (A)		57		196,766
BorgWarner (A)		457		14,976
Caesars Entertainment *(A)		392		14,041
CarMax *(A)		295		20,051
Carnival *(A)		1,653		24,497
Chipotle Mexican Grill, Cl A *(A)		45		142,182
Darden Restaurants (A)		201		30,835
Deckers Outdoor *		39		31,920
Domino’s Pizza (A)		57		30,168
DR Horton (A)		474		67,540
eBay (A)		772		39,789
Etsy *(A)		228		15,657
Expedia Group *(A)		206		27,734
Ford Motor (A)		6,357		77,238
Garmin (A)		226		32,650
General Motors (A)		1,776		79,085
Genuine Parts (A)		225		35,372
Hasbro (A)		232		14,222
Hilton Worldwide Holdings (A)		417		82,266
Home Depot (A)		1,595		533,081
Las Vegas Sands (A)		581		25,773
Lennar, Cl A (A)		404		61,255
LKQ (A)		464		20,012
Lowe’s (A)		917		209,067

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

87

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Lululemon Athletica *(A)		185	$	66,711
Marriott International, Cl A (A)		390		92,091
McDonald’s (A)		1,155		315,361
MGM Resorts International *(A)		405		15,973
Mohawk Industries *(A)		69		7,957
NIKE, Cl B (A)		1,949		179,815
Norwegian Cruise Line Holdings *(A)		683		12,922
NVR *(A)		5		37,194
O’Reilly Automotive *(A)		91		92,207
Pool (A)		63		22,839
PulteGroup (A)		370		41,225
Ralph Lauren, Cl A (A)		48		7,855
Ross Stores (A)		535		69,309
Royal Caribbean Cruises *(A)		400		55,852
Starbucks (A)		1,812		160,344
Tapestry (A)		363		14,491
Tesla *(A)		4,466		818,529
TJX (A)		1,815		170,773
Tractor Supply (A)		169		46,151
Ulta Beauty *(A)		75		30,363
Wynn Resorts (A)		143		13,106
Yum! Brands (A)		444		62,715
				6,989,558
Consumer Staples — 6.2%
Altria Group (A)		2,874		125,910
Archer-Daniels-Midland (A)		831		48,747
Brown-Forman, Cl B (A)		297		14,211
Bunge Global (A)		263		26,763
Campbell Soup (A)		383		17,507
Church & Dwight (A)		408		44,019
Clorox (A)		180		26,617
Coca-Cola (A)		6,197		382,789
Colgate-Palmolive (A)		1,307		120,139
Conagra Brands (A)		791		24,347
Constellation Brands, Cl A (A)		261		66,153
Costco Wholesale (A)		717		518,319
Dollar General (A)		339		47,185
Dollar Tree *(A)		334		39,496

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

88

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Estee Lauder, Cl A (A)		364	$	53,402
General Mills (A)		866		61,018
Hershey (A)		233		45,183
Hormel Foods (A)		464		16,500
J M Smucker (A)		195		22,396
Kellanova (A)		462		26,731
Kenvue (A)		2,783		52,376
Keurig Dr Pepper (A)		1,615		54,426
Kimberly-Clark (A)		545		74,409
Kraft Heinz (A)		1,288		49,730
Kroger (A)		1,096		60,697
Lamb Weston Holdings (A)		233		19,418
McCormick (A)		383		29,131
Molson Coors Beverage, Cl B (A)		320		18,323
Mondelez International, Cl A (A)		2,111		151,865
Monster Beverage *(A)		1,186		63,392
PepsiCo (A)		2,192		385,595
Philip Morris International (A)		2,468		234,312
Procter & Gamble (A)		3,757		613,142
Sysco (A)		795		59,084
Target (A)		747		120,252
Tyson Foods, Cl A (A)		517		31,356
Walgreens Boots Alliance (A)		1,282		22,730
Walmart (A)		6,819		404,708
				4,172,378
Energy — 4.1%
APA (A)		508		15,971
Baker Hughes, Cl A (A)		1,555		50,724
Chevron (A)		2,804		452,201
ConocoPhillips (A)		1,902		238,929
Coterra Energy (A)		1,157		31,656
Devon Energy (A)		1,075		55,018
Diamondback Energy (A)		281		56,518
EOG Resources (A)		931		123,013
EQT (A)		768		30,789
Exxon Mobil (A)		6,396		756,455
Halliburton (A)		1,467		54,968
Hess (A)		433		68,193

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

89

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Kinder Morgan (A)		3,119	$	57,015
Marathon Oil (A)		914		24,541
Marathon Petroleum (A)		598		108,669
Occidental Petroleum (A)		1,082		71,563
ONEOK (A)		913		72,237
Phillips 66 (A)		694		99,388
Pioneer Natural Resources (A)		365		98,302
Schlumberger (A)		2,310		109,679
Targa Resources (A)		348		39,693
Valero Energy (A)		533		85,211
Williams (A)		1,904		73,037
				2,773,770
Financials — 13.2%
Aflac (A)		830		69,430
Allstate (A)		413		70,235
American Express (A)		927		216,946
American International Group (A)		1,103		83,067
Ameriprise Financial (A)		161		66,298
Aon PLC, Cl A (A)		314		88,551
Arch Capital Group *(A)		562		52,569
Arthur J Gallagher (A)		344		80,733
Assurant (A)		65		11,336
Bank of America (A)		10,966		405,852
Bank of New York Mellon (A)		1,181		66,715
Berkshire Hathaway, Cl B *(A)		2,907		1,153,294
BlackRock, Cl A (A)		222		167,530
Blackstone (A)		1,126		131,303
Brown & Brown (A)		351		28,621
Capital One Financial (A)		597		85,628
Cboe Global Markets (A)		152		27,535
Charles Schwab (A)		2,415		178,589
Chubb (A)		648		161,119
Cincinnati Financial (A)		263		30,426
Citigroup (A)		3,034		186,075
Citizens Financial Group (A)		672		22,922
CME Group, Cl A (A)		583		122,220
Comerica (A)		231		11,589
Corpay *		129		38,976

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

90

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Discover Financial Services (A)		376	$	47,650
Everest Group (A)		76		27,847
FactSet Research Systems (A)		58		24,180
Fidelity National Information Services (A)		990		67,241
Fifth Third Bancorp (A)		1,011		36,861
Fiserv *(A)		950		145,037
Franklin Resources (A)		462		10,552
Global Payments (A)		407		49,967
Globe Life (A)		143		10,892
Goldman Sachs Group (A)		516		220,182
Hartford Financial Services Group (A)		511		49,511
Huntington Bancshares (A)		2,320		31,250
Intercontinental Exchange (A)		905		116,528
Invesco (A)		751		10,642
Jack Henry & Associates (A)		120		19,523
JPMorgan Chase (A)		4,613		884,497
KeyCorp (A)		1,406		20,373
Loews (A)		302		22,695
M&T Bank (A)		255		36,819
MarketAxess Holdings (A)		61		12,206
Marsh & McLennan (A)		799		159,345
Mastercard, Cl A (A)		1,331		600,547
MetLife (A)		975		69,303
Moody’s (A)		255		94,434
Morgan Stanley (A)		1,967		178,682
MSCI, Cl A (A)		120		55,895
Nasdaq (A)		600		35,910
Northern Trust (A)		313		25,788
PayPal Holdings *(A)		1,668		113,291
PNC Financial Services Group (A)		631		96,707
Principal Financial Group (A)		343		27,145
Progressive (A)		940		195,755
Prudential Financial (A)		557		61,537
Raymond James Financial (A)		309		37,698
Regions Financial (A)		1,619		31,198
S&P Global (A)		514		213,737
State Street (A)		497		36,028
Synchrony Financial (A)		693		30,478
T Rowe Price Group (A)		333		36,487

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

91

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Travelers (A)		362	$	76,802
Truist Financial (A)		2,117		79,493
US Bancorp (A)		2,483		100,884
Visa, Cl A (A)		2,549		684,687
W R Berkley (A)		352		27,093
Wells Fargo (A)		5,778		342,751
Willis Towers Watson (A)		162		40,685
				8,854,372
Health Care — 12.4%
Abbott Laboratories (A)		2,762		292,689
AbbVie (A)		2,813		457,506
Agilent Technologies (A)		458		62,764
Align Technology *(A)		111		31,344
Amgen (A)		852		233,397
Baxter International (A)		817		32,982
Becton Dickinson (A)		458		107,447
Biogen *(A)		226		48,549
Bio-Rad Laboratories, Cl A *(A)		34		9,171
Bio-Techne (A)		245		15,486
Boston Scientific *(A)		2,348		168,751
Bristol-Myers Squibb (A)		3,263		143,376
Cardinal Health (A)		395		40,701
Catalent *(A)		296		16,532
Cencora (A)		270		64,543
Centene *(A)		831		60,713
Charles River Laboratories International *(A)		81		18,549
Cigna Group (A)		470		167,809
Cooper		301		26,807
CVS Health (A)		1,972		133,524
Danaher (A)		1,071		264,130
DaVita *(A)		68		9,453
Dexcom *(A)		605		77,071
Edwards Lifesciences *(A)		984		83,315
Elevance Health (A)		375		198,218
Eli Lilly (A)		1,283		1,002,151
GE HealthCare Technologies (A)		661		50,395
Gilead Sciences (A)		1,950		127,140
HCA Healthcare (A)		317		98,213

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

92

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Henry Schein *(A)		233	$	16,142
Hologic *(A)		415		31,445
Humana (A)		200		60,418
IDEXX Laboratories *(A)		130		64,059
Illumina *(A)		272		33,470
Incyte *(A)		320		16,656
Insulet *(A)		136		23,384
Intuitive Surgical *(A)		558		206,806
IQVIA Holdings *(A)		294		68,140
Johnson & Johnson (A)		3,841		555,370
Laboratory Corp of America Holdings (A)		122		24,567
McKesson (A)		210		112,814
Medtronic PLC (A)		2,159		173,238
Merck (A)		4,042		522,307
Mettler-Toledo International *(A)		33		40,580
Moderna *(A)		544		60,009
Molina Healthcare *(A)		94		32,157
Pfizer (A)		8,976		229,965
Quest Diagnostics (A)		165		22,800
Regeneron Pharmaceuticals *(A)		170		151,412
ResMed (A)		237		50,716
Revvity (A)		229		23,466
Solventum *		225		14,627
STERIS (A)		167		34,162
Stryker (A)		535		180,028
Teleflex (A)		75		15,656
Thermo Fisher Scientific (A)		617		350,900
UnitedHealth Group (A)		1,490		720,713
Universal Health Services, Cl B (A)		91		15,509
Vertex Pharmaceuticals *(A)		404		158,695
Viatris (A)		1,912		22,122
Waters *(A)		96		29,668
West Pharmaceutical Services (A)		122		43,613
Zimmer Biomet Holdings (A)		334		40,174
Zoetis, Cl A (A)		739		117,678
				8,306,192
Industrials — 8.9%
3M (A)		901		86,956

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

93

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
A O Smith (A)		231	$	19,136
Allegion (A)		138		16,775
American Airlines Group *(A)		1,144		15,455
AMETEK (A)		363		63,402
Automatic Data Processing (A)		653		157,954
Axon Enterprise *(A)		114		35,757
Boeing *(A)		903		151,560
Broadridge Financial Solutions (A)		201		38,875
Builders FirstSource *		182		33,273
Carrier Global (A)		1,318		81,044
Caterpillar (A)		827		276,689
CH Robinson Worldwide (A)		152		10,792
Cintas (A)		137		90,193
Copart *(A)		1,390		75,491
CSX (A)		3,124		103,779
Cummins (A)		222		62,713
Dayforce *(A)		266		16,324
Deere (A)		408		159,695
Delta Air Lines (A)		971		48,618
Dover (A)		208		37,294
Eaton (A)		653		207,824
Emerson Electric (A)		902		97,218
Equifax (A)		206		45,359
Expeditors International of Washington (A)		213		23,709
Fastenal (A)		956		64,951
FedEx (A)		372		97,382
Fortive (A)		589		44,334
GE Vernova *		433		66,556
Generac Holdings *(A)		84		11,421
General Dynamics (A)		363		104,214
General Electric (A)		1,733		280,434
Honeywell International (A)		1,049		202,174
Howmet Aerospace (A)		606		40,451
Hubbell, Cl B (A)		82		30,383
Huntington Ingalls Industries (A)		63		17,447
IDEX (A)		129		28,439
Illinois Tool Works (A)		436		106,432
Ingersoll Rand (A)		633		59,072
Jacobs Solutions (A)		202		28,993

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

94

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
JB Hunt Transport Services (A)		114	$	18,533
Johnson Controls International (A)		1,066		69,365
L3Harris Technologies (A)		309		66,142
Leidos Holdings (A)		231		32,391
Lockheed Martin (A)		338		157,146
Masco (A)		343		23,478
Nordson (A)		86		22,204
Norfolk Southern (A)		362		83,376
Northrop Grumman (A)		226		109,617
Old Dominion Freight Line (A)		302		54,876
Otis Worldwide (A)		635		57,912
PACCAR (A)		849		90,087
Parker-Hannifin (A)		203		110,617
Paychex (A)		535		63,563
Paycom Software (A)		78		14,662
Pentair (A)		281		22,224
Quanta Services (A)		236		61,020
Republic Services, Cl A (A)		326		62,494
Robert Half (A)		179		12,376
Rockwell Automation (A)		173		46,876
Rollins (A)		459		20,453
RTX (A)		2,165		219,791
Snap-On (A)		85		22,777
Southwest Airlines (A)		914		23,709
Stanley Black & Decker (A)		257		23,490
Textron (A)		293		24,785
Trane Technologies (A)		358		113,608
TransDigm Group (A)		91		113,571
Uber Technologies *		3,316		219,751
Union Pacific (A)		968		229,571
United Airlines Holdings *(A)		533		27,428
United Parcel Service, Cl B (A)		1,147		169,160
United Rentals (A)		104		69,471
Veralto (A)		365		34,193
Verisk Analytics, Cl A (A)		242		52,746
Waste Management (A)		594		123,564
Westinghouse Air Brake Technologies (A)		305		49,129
WW Grainger (A)		68		62,652

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

95

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Xylem (A)		402	$	52,541
				5,969,917
Information Technology — 29.2%
Accenture, Cl A (A)		998		300,308
Adobe *(A)		725		335,552
Advanced Micro Devices *(A)		2,574		407,670
Akamai Technologies *(A)		244		24,627
Amphenol, Cl A (A)		943		113,886
Analog Devices (A)		778		156,075
ANSYS *(A)		152		49,382
Apple (A)		23,281		3,965,453
Applied Materials (A)		1,331		264,403
Arista Networks *(A)		399		102,367
Autodesk *(A)		335		71,305
Broadcom (A)		708		920,591
Cadence Design Systems *(A)		441		121,553
CDW (A)		209		50,549
Cisco Systems (A)		6,446		302,833
Cognizant Technology Solutions, Cl A (A)		813		53,398
Corning (A)		1,158		38,654
Enphase Energy *(A)		209		22,731
EPAM Systems *(A)		93		21,879
F5 *(A)		96		15,870
Fair Isaac *(A)		38		43,066
First Solar *(A)		176		31,029
Fortinet *(A)		1,022		64,570
Gartner *(A)		129		53,224
Gen Digital (A)		800		16,112
Hewlett Packard Enterprise (A)		2,161		36,737
HP (A)		1,459		40,983
Intel (A)		6,707		204,362
International Business Machines (A)		1,451		241,156
Intuit (A)		446		279,026
Jabil		185		21,712
Juniper Networks (A)		569		19,813
Keysight Technologies *(A)		262		38,760
KLA (A)		217		149,576
Lam Research (A)		210		187,826

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

96

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Microchip Technology (A)		870	$	80,023
Micron Technology (A)		1,794		202,650
Microsoft (A)		11,915		4,638,867
Monolithic Power Systems (A)		74		49,530
Motorola Solutions (A)		260		88,179
NetApp (A)		359		36,693
NVIDIA (A)		3,963		3,424,111
ON Semiconductor *(A)		707		49,603
Oracle (A)		2,528		287,560
Palo Alto Networks *(A)		492		143,118
PTC *(A)		195		34,601
Qorvo *(A)		128		14,955
QUALCOMM (A)		1,772		293,886
Roper Technologies (A)		171		87,460
Salesforce (A)		1,552		417,395
Seagate Technology Holdings (A)		285		24,484
ServiceNow *(A)		329		228,106
Skyworks Solutions (A)		278		29,632
Super Micro Computer *		82		70,422
Synopsys *(A)		247		131,056
TE Connectivity (A)		489		69,184
Teledyne Technologies *(A)		76		28,992
Teradyne (A)		231		26,870
Texas Instruments (A)		1,442		254,398
Trimble *(A)		377		22,646
Tyler Technologies *(A)		67		30,924
VeriSign *(A)		156		26,439
Western Digital *(A)		473		33,503
Zebra Technologies, Cl A *(A)		83		26,108
				19,618,433
Materials — 2.4%
Air Products & Chemicals (A)		357		84,373
Albemarle (A)		211		25,385
Amcor (A)		2,406		21,510
Avery Dennison (A)		136		29,550
Ball (A)		555		38,611
Celanese, Cl A (A)		158		24,270
CF Industries Holdings (A)		317		25,034

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

97

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
Corteva (A)		1,103	$	59,705
Dow (A)		1,098		62,476
DuPont de Nemours (A)		662		47,995
Eastman Chemical (A)		157		14,827
Ecolab (A)		401		90,686
FMC (A)		231		13,631
Freeport-McMoRan (A)		2,228		111,266
International Flavors & Fragrances (A)		377		31,913
International Paper (A)		515		17,994
Linde PLC (A)		770		339,539
LyondellBasell Industries, Cl A (A)		396		39,588
Martin Marietta Materials (A)		95		55,772
Mosaic (A)		525		16,480
Newmont (A)		1,876		76,241
Nucor (A)		382		64,379
Packaging Corp of America (A)		152		26,293
PPG Industries (A)		369		47,601
Sherwin-Williams (A)		381		114,151
Steel Dynamics (A)		224		29,147
Vulcan Materials (A)		215		55,391
Westrock (A)		463		22,206
				1,586,014
Real Estate — 2.2%
Alexandria Real Estate Equities ‡(A)		258		29,894
American Tower ‡(A)		757		129,871
AvalonBay Communities ‡(A)		216		40,947
Boston Properties ‡(A)		232		14,358
Camden Property Trust ‡(A)		174		17,344
CBRE Group, Cl A *(A)		472		41,012
CoStar Group *(A)		638		58,396
Crown Castle ‡(A)		681		63,864
Digital Realty Trust ‡(A)		474		65,782
Equinix ‡(A)		150		106,667
Equity Residential ‡(A)		580		37,352
Essex Property Trust ‡(A)		103		25,364
Extra Space Storage ‡(A)		316		42,432
Federal Realty Investment Trust ‡(A)		117		12,188
Healthpeak Properties ‡(A)		934		17,382

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

98

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Host Hotels & Resorts ‡(A)		988	$	18,644
Invitation Homes ‡(A)		923		31,567
Iron Mountain ‡(A)		432		33,489
Kimco Realty ‡(A)		1,102		20,530
Mid-America Apartment Communities ‡(A)		209		27,170
ProLogis ‡(A)		1,465		149,503
Public Storage ‡(A)		264		68,495
Realty Income ‡(A)		1,320		70,673
Regency Centers ‡(A)		233		13,798
SBA Communications, Cl A ‡(A)		167		31,082
Simon Property Group ‡(A)		511		71,811
UDR ‡(A)		537		20,449
Ventas ‡(A)		691		30,597
VICI Properties, Cl A ‡(A)		1,635		46,679
Welltower ‡(A)		851		81,083
Weyerhaeuser ‡(A)		1,227		37,019
				1,455,442
Utilities — 2.4%
AES (A)		1,248		22,339
Alliant Energy (A)		461		22,958
Ameren (A)		460		33,980
American Electric Power (A)		877		75,448
American Water Works (A)		317		38,775
Atmos Energy (A)		252		29,711
CenterPoint Energy (A)		960		27,974
CMS Energy (A)		513		31,093
Consolidated Edison (A)		554		52,298
Constellation Energy (A)		499		92,784
Dominion Energy (A)		1,310		66,784
DTE Energy (A)		353		38,943
Duke Energy (A)		1,234		121,253
Edison International (A)		580		41,215
Entergy (A)		316		33,708
Evergy (A)		373		19,564
Eversource Energy (A)		503		30,492
Exelon (A)		1,554		58,399
FirstEnergy (A)		758		29,062
NextEra Energy (A)		3,255		217,987

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

99

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Utilities — continued
NiSource (A)		694	$	19,335
NRG Energy (A)		320		23,254
PG&E (A)		3,373		57,712
Pinnacle West Capital (A)		229		16,866
PPL (A)		1,242		34,105
Public Service Enterprise Group (A)		835		57,682
Sempra (A)		1,017		72,848
Southern (A)		1,771		130,169
WEC Energy Group (A)		510		42,146
Xcel Energy (A)		870		46,745
				1,585,629
TOTAL UNITED STATES				67,519,987
TOTAL COMMON STOCK (Cost $61,036,298)				67,624,513
TOTAL INVESTMENTS — 100.8% (Cost $61,036,298)			$	67,624,513
WRITTEN OPTIONS— (0.9)% (Premiums Received  $(569,017))			$	(605,680	)
Percentages are based on Net Assets of $67,082,863.

A list of the exchange traded option contracts held by the Fund at April 30, 2024, is as follows:

Description	Number of Contracts	Notional Amount			Exercise Price		Expiration Date	Value
WRITTEN OPTIONS — (0.9)%
Call Options
S&P 500 Index	(67)	$	(33,739,123	)	$	5,005	05/17/24	$	(605,680	)

*	Non-income producing security.
‡	Real Estate Investment Trust
(A)	All or a portion of these securities has been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $35,174,718.

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

100

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500^® Covered Call & Growth ETF

The following is a summary of the level of inputs used as of April 30, 2024, in valuing the Fund’s investments and other financial instruments carried at value:

Investments in Securities	Level 1			Level 2		Level 3		Total
Common Stock	$	67,624,513		$	—	$	—	$	67,624,513
Total Investments in Securities	$	67,624,513		$	—	$	—	$	67,624,513
Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(605,680	)	$	—	$	—	$	(605,680	)
Total Other Financial Instruments	$	(605,680	)	$	—	$	—	$	(605,680	)

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

See “Glossary” for abbreviations.

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

101

Schedule of Investments April 30, 2024 (Unaudited)

Global X NASDAQ 100^® Risk Managed Income ETF

Sector Weightings †:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK(A) — 102.5%
BRAZIL — 0.6%
Consumer Discretionary — 0.6%
MercadoLibre *		52	$	75,852
CHINA — 1.2%
Consumer Discretionary — 0.7%
PDD Holdings ADR *		678		84,872
Information Technology — 0.5%
NXP Semiconductors		259		66,353
TOTAL CHINA				151,225
NETHERLANDS — 0.6%
Information Technology — 0.6%
ASML Holding, Cl G		87		75,905
UNITED KINGDOM — 0.6%
Consumer Staples — 0.3%
Coca-Cola Europacific Partners		455		32,769

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

102

Schedule of Investments April 30, 2024 (Unaudited)

Global X NASDAQ 100^® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Health Care — 0.3%
AstraZeneca ADR		595	$	45,149
TOTAL UNITED KINGDOM				77,918
UNITED STATES — 99.5%
Communication Services — 16.0%
Alphabet, Cl A *		2,316		376,998
Alphabet, Cl C *		2,229		366,982
Charter Communications, Cl A *		146		37,367
Comcast, Cl A		4,020		153,202
Electronic Arts		265		33,607
Meta Platforms, Cl A		1,376		591,914
Netflix *		440		242,282
Sirius XM Holdings		3,772		11,090
Take-Two Interactive Software *		176		25,135
T-Mobile US		1,203		197,496
Trade Desk, Cl A *		455		37,697
Warner Bros Discovery *		2,471		18,187
				2,091,957
Consumer Discretionary — 12.4%
Airbnb, Cl A *		446		70,722
Amazon.com *		4,081		714,175
Booking Holdings		34		117,369
DoorDash, Cl A *		379		48,989
Lululemon Athletica *		123		44,354
Marriott International, Cl A		291		68,714
O’Reilly Automotive *		60		60,796
Ross Stores		343		44,436
Starbucks		1,148		101,586
Tesla *		1,893		346,949
				1,618,090
Consumer Staples — 6.6%
Costco Wholesale		451		326,028
Dollar Tree *		222		26,252
Keurig Dr Pepper		1,423		47,955
Kraft Heinz		1,214		46,873
Mondelez International, Cl A		1,366		98,270
Monster Beverage *		1,063		56,817

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

103

Schedule of Investments April 30, 2024 (Unaudited)

Global X NASDAQ 100^® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
PepsiCo		1,395	$	245,394
Walgreens Boots Alliance		849		15,053
				862,642
Energy — 0.5%
Baker Hughes, Cl A		1,021		33,305
Diamondback Energy		177		35,600
				68,905
Financials — 0.6%
PayPal Holdings *		1,076		73,082
Health Care — 6.0%
Amgen		544		149,023
Biogen *		148		31,793
Dexcom *		393		50,064
GE HealthCare Technologies		464		35,375
Gilead Sciences		1,262		82,282
IDEXX Laboratories *		83		40,899
Illumina *		157		19,319
Intuitive Surgical *		356		131,941
Moderna *		382		42,139
Regeneron Pharmaceuticals *		109		97,082
Vertex Pharmaceuticals *		261		102,524
				782,441
Industrials — 4.8%
Automatic Data Processing		416		100,626
Cintas		101		66,492
Copart *		981		53,278
CSX		1,967		65,344
Fastenal		582		39,541
Honeywell International		660		127,202
Old Dominion Freight Line		222		40,340
PACCAR		535		56,769
Paychex		370		43,960
Verisk Analytics, Cl A		148		32,258
				625,810

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

104

Schedule of Investments April 30, 2024 (Unaudited)

Global X NASDAQ 100^® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — 49.4%
Adobe *		459	$	212,439
Advanced Micro Devices *		1,639		259,585
Analog Devices		498		99,904
ANSYS *		87		28,264
Apple		6,069		1,033,733
Applied Materials		843		167,462
Atlassian, Cl A *		157		27,051
Autodesk *		219		46,614
Broadcom		470		611,127
Cadence Design Systems *		275		75,798
CDW		138		33,377
Cisco Systems		4,108		192,994
Cognizant Technology Solutions, Cl A		510		33,497
Crowdstrike Holdings, Cl A *		229		66,992
Datadog, Cl A *		308		38,654
Fortinet *		765		48,333
GLOBALFOUNDRIES *		545		26,640
Intel		4,288		130,655
Intuit		285		178,302
KLA		137		94,433
Lam Research		133		118,956
Marvell Technology		879		57,935
Microchip Technology		551		50,681
Micron Technology		1,119		126,402
Microsoft		2,919		1,136,454
MongoDB, Cl A *		73		26,658
NVIDIA		983		849,332
ON Semiconductor *		440		30,870
Palo Alto Networks *		327		95,121
QUALCOMM		1,133		187,908
Roper Technologies		108		55,238
Synopsys *		155		82,241
Texas Instruments		923		162,836
Workday, Cl A *		210		51,393
Zscaler *		151		26,114
				6,463,993

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

105

Schedule of Investments April 30, 2024 (Unaudited)

Global X NASDAQ 100^® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Materials — 1.6%
Linde PLC		488	$	215,188
Real Estate — 0.3%
CoStar Group *		413		37,802
Utilities — 1.3%
American Electric Power		536		46,112
Constellation Energy		317		58,943
Exelon		1,012		38,031
Xcel Energy		560		30,089
				173,175
TOTAL UNITED STATES				13,013,085
TOTAL COMMON STOCK (Cost $11,209,597)				13,393,985
PURCHASED OPTIONS — 0.2% (Cost $104,832)				29,817
TOTAL INVESTMENTS — 102.7% (Cost $11,314,429)			$	13,423,802
WRITTEN OPTIONS— (2.8)% (Premiums Received $(301,018))			$	(368,920	)

Percentages are based on Net Assets of $13,073,510.                

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

106

Schedule of Investments April 30, 2024 (Unaudited)

Global X NASDAQ 100^® Risk Managed Income ETF

A list of the exchange traded option contracts held by the Fund at April 30, 2024, is as follows:

Description	Number of Contracts			Notional Amount			Exercise Price		Expiration Date	Value
PURCHASED OPTIONS — 0.2%
Put Options
Nasdaq-100		6		$	10,464,414		$	16,375	05/17/24	$	21,360
Nasdaq-100® Reduced-Value Index		8			2,790,512			3,270	05/17/24		8,457
Total Purchased Options				$	13,254,926					$	29,817
WRITTEN OPTIONS — (2.8)%
Call Options
Nasdaq-100		(6	)	$	(10,464,414	)	$	17,250	05/17/24	$	(268,320	)
Nasdaq-100® Reduced-Value Index		(8	)		(2,790,512	)		3,400	05/17/24		(100,600	)
Total Written Options				$	(13,254,926	)				$	(368,920	)

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $13,301,874.

The following is a summary of the level of inputs used as of April 30, 2024, in valuing the Fund’s investments and other financial instruments carried at value:

Investments in Securities	Level 1			Level 2		Level 3		Total
Common Stock	$	13,393,985		$	—	$	—	$	13,393,985
Purchased Options		29,817			—		—		29,817
Total Investments in Securities	$	13,423,802		$	—	$	—	$	13,423,802
Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(368,920	)	$	—	$	—	$	(368,920	)
Total Other Financial Instruments	$	(368,920	)	$	—	$	—	$	(368,920	)

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

See “Glossary” for abbreviations.

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

107

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

Sector Weightings †:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK(A) — 101.6%
CHINA — 0.2%
Information Technology — 0.2%
NXP Semiconductors		201	$	51,494
UNITED STATES — 101.4%
Communication Services — 9.3%
Alphabet, Cl A *		4,741		771,740
Alphabet, Cl C *		3,975		654,444
AT&T		5,782		97,658
Charter Communications, Cl A *		75		19,196
Comcast, Cl A		3,162		120,504
Electronic Arts		205		25,998
Fox, Cl A		206		6,388
Fox, Cl B		107		3,069
Interpublic Group		326		9,923
Live Nation Entertainment *		105		9,336
Match Group *		229		7,058
Meta Platforms, Cl A		1,770		761,401
Netflix *		347		191,072
News, Cl A		355		8,449
News, Cl B		99		2,429

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

108

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Communication Services — continued
Omnicom Group		168	$	15,597
Paramount Global, Cl B		370		4,214
Take-Two Interactive Software *		128		18,280
T-Mobile US		413		67,802
Verizon Communications		3,407		134,542
Walt Disney		1,480		164,428
Warner Bros Discovery *		1,907		14,036
				3,107,564
Consumer Discretionary — 10.5%
Airbnb, Cl A *		350		55,500
Amazon.com *		7,365		1,288,875
Aptiv *		233		16,543
AutoZone *		14		41,390
Bath & Body Works		210		9,538
Best Buy		172		12,666
Booking Holdings		28		96,657
BorgWarner		197		6,456
Caesars Entertainment *		198		7,092
CarMax *		146		9,924
Carnival *		855		12,671
Chipotle Mexican Grill, Cl A *		22		69,511
Darden Restaurants		93		14,267
Deckers Outdoor *		18		14,732
Domino’s Pizza		24		12,703
DR Horton		233		33,200
eBay		390		20,101
Etsy *		112		7,691
Expedia Group *		99		13,328
Ford Motor		3,197		38,844
Garmin		137		19,792
General Motors		896		39,899
Genuine Parts		113		17,765
Hasbro		120		7,356
Hilton Worldwide Holdings		195		38,470
Home Depot		794		265,371
Las Vegas Sands		308		13,663
Lennar, Cl A		195		29,566
LKQ		222		9,575

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

109

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Lowe’s		473	$	107,839
Lululemon Athletica *		99		35,699
Marriott International, Cl A		198		46,754
McDonald’s		584		159,455
MGM Resorts International *		226		8,913
Mohawk Industries *		41		4,728
NIKE, Cl B		988		91,153
Norwegian Cruise Line Holdings *		347		6,565
NVR *		3		22,317
O’Reilly Automotive *		48		48,636
Pool		27		9,788
PulteGroup		183		20,390
Ralph Lauren, Cl A		31		5,073
Ross Stores		278		36,015
Royal Caribbean Cruises *		198		27,647
Starbucks		920		81,411
Tapestry		187		7,465
Tesla *		2,233		409,264
TJX		922		86,751
Tractor Supply		87		23,758
Ulta Beauty *		35		14,169
Wynn Resorts		76		6,965
Yum! Brands		233		32,911
				3,516,812
Consumer Staples — 6.3%
Altria Group		1,422		62,298
Archer-Daniels-Midland		428		25,106
Brown-Forman, Cl B		159		7,608
Bunge Global		131		13,331
Campbell Soup		161		7,359
Church & Dwight		206		22,225
Clorox		102		15,083
Coca-Cola		3,164		195,440
Colgate-Palmolive		666		61,219
Conagra Brands		401		12,343
Constellation Brands, Cl A		133		33,710
Costco Wholesale		356		257,352
Dollar General		168		23,384

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

110

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
Dollar Tree *		163	$	19,275
Estee Lauder, Cl A		197		28,902
General Mills		442		31,143
Hershey		117		22,689
Hormel Foods		238		8,463
J M Smucker		86		9,877
Kellanova		213		12,324
Kenvue		1,367		25,727
Keurig Dr Pepper		802		27,027
Kimberly-Clark		276		37,682
Kraft Heinz		608		23,475
Kroger		560		31,013
Lamb Weston Holdings		107		8,917
McCormick		209		15,897
Molson Coors Beverage, Cl B		160		9,162
Mondelez International, Cl A		1,096		78,846
Monster Beverage *		583		31,161
PepsiCo		1,113		195,788
Philip Morris International		1,256		119,245
Procter & Gamble		1,891		308,611
Sysco		383		28,465
Target		370		59,563
Tyson Foods, Cl A		242		14,677
Walgreens Boots Alliance		597		10,585
Walmart		3,462		205,470
				2,100,442
Energy — 4.1%
APA		256		8,049
Baker Hughes, Cl A		800		26,096
Chevron		1,390		224,165
ConocoPhillips		955		119,967
Coterra Energy		631		17,264
Devon Energy		490		25,078
Diamondback Energy		144		28,963
EOG Resources		474		62,630
EQT		349		13,991
Exxon Mobil		3,188		377,045
Halliburton		682		25,555

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

111

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Hess		230	$	36,223
Kinder Morgan		1,534		28,042
Marathon Oil		497		13,344
Marathon Petroleum		293		53,244
Occidental Petroleum		509		33,665
ONEOK		456		36,079
Phillips 66		339		48,548
Pioneer Natural Resources		182		49,016
Schlumberger		1,147		54,460
Targa Resources		189		21,557
Valero Energy		287		45,883
Williams		940		36,058
				1,384,922
Financials — 13.3%
Aflac		428		35,802
Allstate		219		37,243
American Express		458		107,186
American International Group		562		42,324
Ameriprise Financial		81		33,355
Aon PLC, Cl A		162		45,686
Arch Capital Group *		300		28,062
Arthur J Gallagher		173		40,601
Assurant		35		6,104
Bank of America		5,586		206,738
Bank of New York Mellon		611		34,515
Berkshire Hathaway, Cl B *		1,471		583,590
BlackRock, Cl A		114		86,029
Blackstone		570		66,468
Brown & Brown		198		16,145
Capital One Financial		309		44,320
Cboe Global Markets		86		15,579
Charles Schwab		1,205		89,110
Chubb		332		82,549
Cincinnati Financial		138		15,965
Citigroup		1,551		95,123
Citizens Financial Group		416		14,190
CME Group, Cl A		295		61,844
Comerica		117		5,870

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

112

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Corpay *		51	$	15,409
Discover Financial Services		188		23,825
Everest Group		32		11,725
FactSet Research Systems		28		11,673
Fidelity National Information Services		461		31,311
Fifth Third Bancorp		513		18,704
Fiserv *		488		74,503
Franklin Resources		255		5,824
Global Payments		216		26,518
Globe Life		58		4,418
Goldman Sachs Group		257		109,664
Hartford Financial Services Group		253		24,513
Huntington Bancshares		1,283		17,282
Intercontinental Exchange		467		60,131
Invesco		367		5,200
Jack Henry & Associates		52		8,460
JPMorgan Chase		2,321		445,029
KeyCorp		788		11,418
Loews		159		11,949
M&T Bank		132		19,059
MarketAxess Holdings		29		5,803
Marsh & McLennan		395		78,775
Mastercard, Cl A		664		299,597
MetLife		503		35,753
Moody’s		130		48,143
Morgan Stanley		1,025		93,111
MSCI, Cl A		65		30,276
Nasdaq		299		17,895
Northern Trust		177		14,583
PayPal Holdings *		867		58,887
PNC Financial Services Group		332		50,882
Principal Financial Group		194		15,353
Progressive		478		99,544
Prudential Financial		282		31,155
Raymond James Financial		162		19,764
Regions Financial		774		14,915
S&P Global		255		106,037
State Street		252		18,267
Synchrony Financial		349		15,349

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

113

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
T Rowe Price Group		188	$	20,599
Travelers		182		38,613
Truist Financial		1,037		38,939
US Bancorp		1,249		50,747
Visa, Cl A		1,268		340,597
W R Berkley		174		13,393
Wells Fargo		2,874		170,486
Willis Towers Watson		75		18,836
				4,477,312
Health Care — 12.5%
Abbott Laboratories		1,410		149,418
AbbVie		1,415		230,136
Agilent Technologies		243		33,301
Align Technology *		53		14,966
Amgen		427		116,972
Baxter International		418		16,875
Becton Dickinson		224		52,550
Biogen *		124		26,638
Bio-Rad Laboratories, Cl A *		16		4,316
Bio-Techne		147		9,292
Boston Scientific *		1,187		85,310
Bristol-Myers Squibb		1,640		72,062
Cardinal Health		184		18,959
Catalent *		153		8,545
Cencora		136		32,511
Centene *		419		30,612
Charles River Laboratories International *		34		7,786
Cigna Group		231		82,476
Cooper		165		14,695
CVS Health		1,000		67,710
Danaher		533		131,448
DaVita *		43		5,977
Dexcom *		312		39,746
Edwards Lifesciences *		489		41,404
Elevance Health		189		99,902
Eli Lilly		644		503,028
GE HealthCare Technologies		336		25,617
Gilead Sciences		1,010		65,852

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

114

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
HCA Healthcare		164	$	50,810
Henry Schein *		124		8,591
Hologic *		171		12,957
Humana		105		31,719
IDEXX Laboratories *		61		30,058
Illumina *		141		17,350
Incyte *		158		8,224
Insulet *		54		9,285
Intuitive Surgical *		291		107,850
IQVIA Holdings *		149		34,534
Johnson & Johnson		1,932		279,348
Laboratory Corp of America Holdings		65		13,089
McKesson		107		57,481
Medtronic PLC		1,075		86,258
Merck		2,042		263,867
Mettler-Toledo International *		16		19,675
Moderna *		260		28,681
Molina Healthcare *		43		14,710
Pfizer		4,572		117,135
Quest Diagnostics		101		13,956
Regeneron Pharmaceuticals *		86		76,597
ResMed		115		24,609
Revvity		114		11,681
Solventum *		104		6,761
STERIS		75		15,342
Stryker		280		94,220
Teleflex		32		6,680
Thermo Fisher Scientific		311		176,872
UnitedHealth Group		741		358,422
Universal Health Services, Cl B		46		7,840
Vertex Pharmaceuticals *		206		80,919
Viatris		1,013		11,720
Waters *		46		14,216
West Pharmaceutical Services		52		18,589
Zimmer Biomet Holdings		178		21,410
Zoetis, Cl A		369		58,759
				4,178,319

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

115

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Industrials — 9.0%
3M		440	$	42,464
A O Smith		116		9,609
Allegion		57		6,929
American Airlines Group *		556		7,512
AMETEK		183		31,963
Automatic Data Processing		334		80,791
Axon Enterprise *		51		15,997
Boeing *		466		78,213
Broadridge Financial Solutions		93		17,987
Builders FirstSource *		104		19,013
Carrier Global		652		40,091
Caterpillar		409		136,839
CH Robinson Worldwide		117		8,307
Cintas		64		42,134
Copart *		697		37,854
CSX		1,590		52,820
Cummins		118		33,334
Dayforce *		141		8,653
Deere		205		80,239
Delta Air Lines		546		27,338
Dover		115		20,620
Eaton		326		103,753
Emerson Electric		464		50,010
Equifax		104		22,900
Expeditors International of Washington		109		12,133
Fastenal		447		30,369
FedEx		185		48,429
Fortive		283		21,301
GE Vernova *		208		31,972
Generac Holdings *		43		5,846
General Dynamics		181		51,963
General Electric		883		142,887
Honeywell International		534		102,918
Howmet Aerospace		336		22,428
Hubbell, Cl B		40		14,821
Huntington Ingalls Industries		27		7,477
IDEX		59		13,007
Illinois Tool Works		217		52,972
Ingersoll Rand		324		30,236

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

116

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Jacobs Solutions		116	$	16,649
JB Hunt Transport Services		60		9,754
Johnson Controls International		574		37,350
L3Harris Technologies		148		31,679
Leidos Holdings		111		15,564
Lockheed Martin		171		79,503
Masco		187		12,800
Nordson		36		9,295
Norfolk Southern		181		41,688
Northrop Grumman		119		57,719
Old Dominion Freight Line		144		26,166
Otis Worldwide		315		28,728
PACCAR		407		43,187
Parker-Hannifin		110		59,940
Paychex		249		29,584
Paycom Software		38		7,143
Pentair		143		11,310
Quanta Services		120		31,027
Republic Services, Cl A		158		30,289
Robert Half		88		6,084
Rockwell Automation		92		24,928
Rollins		210		9,358
RTX		1,055		107,104
Snap-On		36		9,647
Southwest Airlines		468		12,140
Stanley Black & Decker		139		12,705
Textron		167		14,127
Trane Technologies		185		58,708
TransDigm Group		45		56,161
Uber Technologies *		1,663		110,207
Union Pacific		497		117,869
United Airlines Holdings *		293		15,078
United Parcel Service, Cl B		580		85,538
United Rentals		51		34,068
Veralto		185		17,331
Verisk Analytics, Cl A		120		26,155
Waste Management		300		62,406
Westinghouse Air Brake Technologies		156		25,128
WW Grainger		33		30,405

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

117

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Xylem		202	$	26,401
				3,005,052
Information Technology — 29.4%
Accenture, Cl A		503		151,358
Adobe *		361		167,082
Advanced Micro Devices *		1,292		204,627
Akamai Technologies *		134		13,525
Amphenol, Cl A		485		58,573
Analog Devices		390		78,238
ANSYS *		64		20,792
Apple		11,726		1,997,290
Applied Materials		666		132,301
Arista Networks *		202		51,825
Autodesk *		172		36,610
Broadcom		354		460,296
Cadence Design Systems *		216		59,536
CDW		112		27,088
Cisco Systems		3,280		154,094
Cognizant Technology Solutions, Cl A		391		25,681
Corning		655		21,864
Enphase Energy *		109		11,855
EPAM Systems *		45		10,587
F5 *		41		6,778
Fair Isaac *		18		20,400
First Solar *		87		15,338
Fortinet *		495		31,274
Gartner *		56		23,105
Gen Digital		487		9,808
Hewlett Packard Enterprise		1,090		18,530
HP		737		20,702
Intel		3,417		104,116
International Business Machines		738		122,656
Intuit		223		139,513
Jabil		104		12,205
Juniper Networks		262		9,123
Keysight Technologies *		143		21,155
KLA		111		76,511
Lam Research		108		96,596

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

118

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Microchip Technology		425	$	39,091
Micron Technology		886		100,083
Microsoft		6,005		2,337,927
Monolithic Power Systems		34		22,757
Motorola Solutions		132		44,768
NetApp		154		15,740
NVIDIA		1,995		1,723,720
ON Semiconductor *		342		23,995
Oracle		1,285		146,169
Palo Alto Networks *		245		71,268
PTC *		93		16,502
Qorvo *		73		8,529
QUALCOMM		902		149,597
Roper Technologies		87		44,497
Salesforce		772		207,622
Seagate Technology Holdings		165		14,175
ServiceNow *		167		115,786
Skyworks Solutions		140		14,923
Super Micro Computer *		42		36,070
Synopsys *		127		67,385
TE Connectivity		242		34,238
Teledyne Technologies *		35		13,352
Teradyne		136		15,819
Texas Instruments		734		129,492
Trimble *		204		12,254
Tyler Technologies *		31		14,308
VeriSign *		69		11,694
Western Digital *		278		19,691
Zebra Technologies, Cl A *		36		11,324
				9,873,808
Materials — 2.4%
Air Products & Chemicals		178		42,069
Albemarle		98		11,790
Amcor		1,282		11,461
Avery Dennison		64		13,906
Ball		255		17,740
Celanese, Cl A		81		12,442
CF Industries Holdings		163		12,872

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

119

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Materials — continued
Corteva		557	$	30,150
Dow		589		33,514
DuPont de Nemours		338		24,505
Eastman Chemical		112		10,577
Ecolab		201		45,456
FMC		119		7,022
Freeport-McMoRan		1,147		57,281
International Flavors & Fragrances		220		18,623
International Paper		298		10,412
Linde PLC		391		172,415
LyondellBasell Industries, Cl A		213		21,294
Martin Marietta Materials		46		27,005
Mosaic		273		8,570
Newmont		970		39,421
Nucor		194		32,695
Packaging Corp of America		65		11,244
PPG Industries		200		25,800
Sherwin-Williams		188		56,327
Steel Dynamics		116		15,094
Vulcan Materials		111		28,597
Westrock		213		10,216
				808,498
Real Estate — 2.2%
Alexandria Real Estate Equities ‡		139		16,106
American Tower ‡		374		64,163
AvalonBay Communities ‡		110		20,853
Boston Properties ‡		130		8,046
Camden Property Trust ‡		87		8,672
CBRE Group, Cl A *		222		19,290
CoStar Group *		326		29,839
Crown Castle ‡		337		31,604
Digital Realty Trust ‡		247		34,279
Equinix ‡		76		54,044
Equity Residential ‡		301		19,384
Essex Property Trust ‡		50		12,312
Extra Space Storage ‡		180		24,170
Federal Realty Investment Trust ‡		50		5,209
Healthpeak Properties ‡		567		10,552

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

120

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Host Hotels & Resorts ‡		583	$	11,001
Invitation Homes ‡		496		16,963
Iron Mountain ‡		250		19,380
Kimco Realty ‡		578		10,768
Mid-America Apartment Communities ‡		109		14,170
ProLogis ‡		745		76,027
Public Storage ‡		136		35,285
Realty Income ‡		668		35,765
Regency Centers ‡		140		8,291
SBA Communications, Cl A ‡		88		16,379
Simon Property Group ‡		254		35,695
UDR ‡		248		9,444
Ventas ‡		342		15,144
VICI Properties, Cl A ‡		882		25,181
Welltower ‡		441		42,018
Weyerhaeuser ‡		622		18,766
				748,800
Utilities — 2.4%
AES		551		9,863
Alliant Energy		208		10,358
Ameren		216		15,956
American Electric Power		413		35,530
American Water Works		167		20,427
Atmos Energy		136		16,034
CenterPoint Energy		537		15,648
CMS Energy		250		15,152
Consolidated Edison		279		26,338
Constellation Energy		248		46,113
Dominion Energy		668		34,055
DTE Energy		175		19,306
Duke Energy		618		60,725
Edison International		330		23,450
Entergy		179		19,094
Evergy		193		10,123
Eversource Energy		272		16,489
Exelon		787		29,575
FirstEnergy		424		16,256
NextEra Energy		1,654		110,768

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

121

Schedule of Investments	April 30, 2024 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

	Shares		Value
COMMON STOCK — continued
Utilities — continued
NiSource		353	$	9,835
NRG Energy		190		13,807
PG&E		1,813		31,020
Pinnacle West Capital		107		7,881
PPL		624		17,135
Public Service Enterprise Group		420		29,014
Sempra		490		35,099
Southern		878		64,533
WEC Energy Group		241		19,916
Xcel Energy		435		23,373
				802,873
TOTAL UNITED STATES				34,004,402
TOTAL COMMON STOCK (Cost $28,839,190)				34,055,896
PURCHASED OPTIONS — 0.1% (Cost $171,304)				42,591
TOTAL INVESTMENTS — 101.7% (Cost $29,010,494)			$	34,098,487
WRITTEN OPTIONS— (1.8)% (Premiums Received  $(578,927))			$	(611,338	)
Percentages are based on Net Assets of $33,535,957.

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

122

Schedule of Investments	April 30, 2024 (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, 2024, is as follows:

Description	Number of Contracts	Notional Amount			Exercise Price		Expiration Date	Value
PURCHASED OPTIONS — 0.1%
Put Options
Mini-SPX Index	6	$	302,142		$	475	05/17/24	$	381
S&P 500 Index	67		33,739,123			4,755	05/17/24		42,210
Total Purchased Options		$	34,041,265					$	42,591
WRITTEN OPTIONS — (1.8)%
Call Options
Mini-SPX Index	(6)	$	(302,142	)	$	500	05/17/24	$	(5,658	)
S&P 500 Index	(67)		(33,739,123	)		5,005	05/17/24		(605,680	)
Total Written Options		$	(34,041,265	)				$	(611,338	)

*	Non-income producing security.
‡	Real Estate Investment Trust
(A)	All or a portion of these securities has been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $34,048,819.

The following is a summary of the level of inputs used as of April 30, 2024, in valuing the Fund’s investments and other financial instruments carried at value:

Investments in Securities	Level 1			Level 2		Level 3		Total
Common Stock	$	34,055,896		$	—	$	—	$	34,055,896
Purchased Options		42,591			—		—		42,591
Total Investments in Securities	$	34,098,487		$	—	$	—	$	34,098,487
Other Financial Instruments		Level 1			Level 2		Level 3		Total
Written Options	$	(611,338	)	$	—	$	—	$	(611,338	)
Total Other Financial Instruments	$	(611,338	)	$	—	$	—	$	(611,338	)

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

See “Glossary” for abbreviations.

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

123

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Dow 30® Covered Call ETF

Sector Weightings †:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK — 100.9%
UNITED STATES — 100.9%
Communication Services — 2.6%
Verizon Communications		14,616	$	577,186
Walt Disney		14,616		1,623,838
				2,201,024
Consumer Discretionary — 15.3%
Amazon.com *		14,616		2,557,800
Home Depot		14,616		4,884,959
McDonald’s		14,616		3,990,753
NIKE, Cl B		14,616		1,348,472
				12,781,984
Consumer Staples — 5.0%
Coca-Cola		14,616		902,831
Procter & Gamble		14,616		2,385,331
Walmart		14,614		867,341
				4,155,503
Energy — 2.8%
Chevron		14,616		2,357,122

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

124

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Dow 30® Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — 23.4%
American Express		14,616	$	3,420,582
Goldman Sachs Group		14,616		6,236,793
JPMorgan Chase		14,616		2,802,472
Travelers		14,616		3,100,931
Visa, Cl A		14,616		3,926,004
				19,486,782
Health Care — 18.1%
Amgen		14,616		4,003,907
Johnson & Johnson		14,616		2,113,327
Merck		14,616		1,888,680
UnitedHealth Group		14,616		7,069,759
				15,075,673
Industrials — 13.9%
3M		14,616		1,410,590
Boeing *		14,616		2,453,150
Caterpillar		14,616		4,890,075
Honeywell International		14,616		2,816,942
				11,570,757
Information Technology — 18.8%
Apple		14,616		2,489,543
Cisco Systems		14,616		686,660
Intel		14,616		445,350
International Business Machines		14,616		2,429,179
Microsoft		14,616		5,690,447
Salesforce		14,616		3,930,827
				15,672,006
Materials — 1.0%
Dow		14,616		831,650
TOTAL UNITED STATES				84,132,501
TOTAL COMMON STOCK (Cost $72,759,116)				84,132,501
TOTAL INVESTMENTS — 100.9% (Cost $72,759,116)			$	84,132,501

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

125

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Dow 30® Covered Call ETF

	Value
WRITTEN OPTIONS— (1.0)%
(Premiums Received  $(1,320,778))	$	(834,000	)

Percentages are based on Net Assets of $83,344,142.

A list of the exchange traded option contracts held by the Fund at April 30, 2024, is as follows:

Description	Number of Contracts	Notional Amount			Exercise Price		Expiration Date	Value
WRITTEN OPTIONS — (1.0)%
Call Options
Dow Jones Industrial Average	(2,224)	$	(84,102,784	)	$	380	05/17/24	$	(834,000	)

* Non-income producing security.

The following is a summary of the level of inputs used as of April 30, 2024, in valuing the Fund’s investments and other financial instruments carried at value:

Investments in Securities	Level 1			Level 2		Level 3		Total
Common Stock	$	84,132,501		$	—	$	—	$	84,132,501
Total Investments in Securities	$	84,132,501		$	—	$	—	$	84,132,501
Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(834,000	)	$	—	$	—	$	(834,000	)
Total Other Financial Instruments	$	(834,000	)	$	—	$	—	$	(834,000	)

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

See “Glossary” for abbreviations.

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

126

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call & Growth ETF

Sector Weightings †:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
EXCHANGE TRADED FUND — 101.2% (A)
Vanguard Russell 2000 ETF (B)		97,296	$	7,701,951
TOTAL EXCHANGE TRADED FUND (Cost $7,004,621)				7,701,951
TOTAL INVESTMENTS — 101.2% (Cost $7,004,621)			$	7,701,951
WRITTEN OPTIONS— (1.4)% (Premiums Received  $(96,478))			$	(104,068	)

Percentages are based on Net Assets of $7,608,084.

A list of the exchange traded option contracts held by the Fund at April 30, 2024, is as follows:

Description	Number of Contracts	Notional Amount			Exercise Price		Expiration Date	Value
WRITTEN OPTIONS — (1.4)%
Call Options
Cboe Mini-Russell 2000 Index	(5)	$	(98,695	)	$	195	05/17/24	$	(2,703	)
Russell 2000 Index	(19)		(3,750,422	)		1,950	05/17/24		(101,365	)
Total Written Options		$	(3,849,117	)				$	(104,068	)

(A)	For financial information on the Vanguard Russell 2000 ETF, please go to the Securities Exchange Commission’s website at http://www.sec.gov.
(B)	All or a portion of these securities has been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $6,912,884.

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

127

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Russell 2000 Covered Call & Growth ETF

The following is a summary of the level of inputs used as of April 30, 2024, in valuing the Fund’s investments and other financial instruments carried at value:

Investments in Securities	Level 1			Level 2		Level 3		Total
Exchange Traded Fund	$	7,701,951		$	—	$	—	$	7,701,951
Total Investments in Securities	$	7,701,951		$	—	$	—	$	7,701,951
Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(104,068	)	$	—	$	—	$	(104,068	)
Total Other Financial Instruments	$	(104,068	)	$	—	$	—	$	(104,068	)

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

See “Glossary” for abbreviations.

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

128

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Financials Covered Call & Growth ETF

Sector Weightings †:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
EXCHANGE TRADED FUND — 54.2%
Financial Select Sector SPDR Fund (A)		34,375	$	1,387,375
TOTAL EXCHANGE TRADED FUND (Cost $1,234,805)				1,387,375
COMMON STOCK — 46.8%
UNITED STATES — 46.8%
Financials — 46.8%
Aflac		115		9,620
Allstate		56		9,523
American Express		123		28,786
American International Group		152		11,447
Ameriprise Financial		22		9,059
Aon PLC, Cl A		43		12,126
Arch Capital Group *		80		7,483
Arthur J Gallagher		46		10,796
Assurant		12		2,093
Bank of America		1,488		55,071
Bank of New York Mellon		167		9,434
Berkshire Hathaway, Cl B *		393		155,915
BlackRock, Cl A		30		22,639
Blackstone		153		17,841
Brown & Brown		53		4,322
Capital One Financial		81		11,618
Cboe Global Markets		24		4,348
Charles Schwab		321		23,738
Chubb		88		21,880
Cincinnati Financial		36		4,165
Citigroup		412		25,268
Citizens Financial Group		103		3,513
CME Group, Cl A		77		16,142

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

129

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Financials Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Comerica		29	$	1,455
Corpay *		16		4,834
Discover Financial Services		53		6,717
Everest Group		9		3,298
FactSet Research Systems		8		3,335
Fidelity National Information Services		129		8,762
Fifth Third Bancorp		155		5,651
Fiserv *		129		19,694
Franklin Resources		64		1,462
Global Payments		56		6,875
Globe Life		18		1,371
Goldman Sachs Group		70		29,870
Hartford Financial Services Group		64		6,201
Huntington Bancshares		325		4,378
Intercontinental Exchange		123		15,838
Invesco		102		1,445
Jack Henry & Associates		16		2,603
JPMorgan Chase		624		119,646
KeyCorp		207		2,999
Loews		38		2,856
M&T Bank		37		5,342
MarketAxess Holdings		9		1,801
Marsh & McLennan		106		21,140
Mastercard, Cl A		177		79,862
MetLife		135		9,596
Moody’s		34		12,591
Morgan Stanley		269		24,436
MSCI, Cl A		17		7,918
Nasdaq		72		4,309
Northern Trust		43		3,543
PayPal Holdings *		233		15,825
PNC Financial Services Group		86		13,180
Principal Financial Group		46		3,641
Progressive		126		26,240
Prudential Financial		77		8,507
Raymond James Financial		42		5,124
Regions Financial		211		4,066
S&P Global		70		29,108
State Street		65		4,712

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

130

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Financials Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Synchrony Financial		86	$	3,782
T Rowe Price Group		47		5,150
Travelers		49		10,396
Truist Financial		288		10,814
US Bancorp		334		13,570
Visa, Cl A		341		91,596
W R Berkley		46		3,541
Wells Fargo		772		45,795
Willis Towers Watson PLC		22		5,525
TOTAL UNITED STATES				1,197,227
TOTAL COMMON STOCK (Cost $1,030,872)				1,197,227
TOTAL INVESTMENTS — 101.0% (Cost $2,265,677)			$	2,584,602
WRITTEN OPTIONS— (1.0)% (Premiums Received  $(23,543))			$	(26,881	)

Percentages are based on Net Assets of $2,560,257.

A list of the exchange traded option contracts held by the Fund at April 30, 2024, is as follows:

Description	Number of Contracts	Notional Amount			Exercise Price		Expiration Date	Value
WRITTEN OPTIONS — (1.0)%
Call Options
The Financial Select Sector SPDR® Fund	(320)	$	(1,291,520	)	$	40	05/17/24	$	(26,881	)

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $1,291,520.

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

131

Schedule of Investments	April 30, 2024 (Unaudited)
Global X Financials Covered Call & Growth ETF

The following is a summary of the level of inputs used as of April 30, 2024, in valuing the Fund’s investments and other financial instruments carried at value:

Investments in Securities	Level 1			Level 2		Level 3		Total
Exchange Traded Fund	$	1,387,375		$	—	$	—	$	1,387,375
Common Stock		1,197,227			—		—		1,197,227
Total Investments in Securities	$	2,584,602		$	—	$	—	$	2,584,602
Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(26,881	)	$	—	$	—	$	(26,881	)
Total Other Financial Instruments	$	(26,881	)	$	—	$	—	$	(26,881	)

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

See “Glossary” for abbreviations.

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

132

 

Schedule of Investments April 30, 2024 (Unaudited)

Global X Health Care Covered Call & Growth ETF

Sector Weightings †: 

†  Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
EXCHANGE TRADED FUND — 54.6%
Health Care Select Sector SPDR Fund (A)		10,598	$	1,487,218
TOTAL EXCHANGE TRADED FUND (Cost $1,424,941)				1,487,218
COMMON STOCK — 46.2%
UNITED STATES — 46.2%
Health Care — 46.2%
Abbott Laboratories		420		44,507
AbbVie		428		69,610
Agilent Technologies		71		9,730
Align Technology *		17		4,800
Amgen		130		35,612
Baxter International		122		4,925
Becton Dickinson		70		16,422
Biogen *		35		7,519
Bio-Rad Laboratories, Cl A *		5		1,349
Bio-Techne		38		2,402
Boston Scientific *		355		25,514
Bristol-Myers Squibb		491		21,575
Cardinal Health		60		6,182
Catalent *		44		2,457
Cencora		40		9,562
Centene *		129		9,425
Charles River Laboratories International *		12		2,748
Cigna Group		71		25,350
Cooper		48		4,275
CVS Health		311		21,058
Danaher		159		39,213
DaVita *		11		1,529
Dexcom *		94		11,975

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

133

 

Schedule of Investments April 30, 2024 (Unaudited)

Global X Health Care Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Edwards Lifesciences *		147	$	12,446
Elevance Health		57		30,129
Eli Lilly		193		150,752
GE HealthCare Technologies		95		7,243
Gilead Sciences		302		19,690
HCA Healthcare		48		14,871
Henry Schein *		32		2,217
Hologic *		59		4,470
Humana		30		9,063
IDEXX Laboratories *		20		9,855
Illumina *		38		4,676
Incyte *		44		2,290
Insulet *		17		2,923
Intuitive Surgical *		85		31,503
IQVIA Holdings *		44		10,198
Johnson & Johnson		583		84,296
Laboratory Corp of America Holdings		21		4,229
McKesson		32		17,191
Medtronic PLC		322		25,837
Merck		614		79,341
Mettler-Toledo International *		5		6,149
Moderna *		80		8,825
Molina Healthcare *		14		4,789
Pfizer		1,368		35,048
Quest Diagnostics		27		3,731
Regeneron Pharmaceuticals *		26		23,157
ResMed		36		7,704
Revvity		30		3,074
Solventum *		33		2,145
STERIS PLC		24		4,909
Stryker		82		27,593
Teleflex		11		2,296
Thermo Fisher Scientific		94		53,460
UnitedHealth Group		224		108,349
Universal Health Services, Cl B		15		2,556
Vertex Pharmaceuticals *		62		24,354
Viatris		291		3,367
Waters *		14		4,327
West Pharmaceutical Services		18		6,435

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

134

 

Schedule of Investments April 30, 2024 (Unaudited)

Global X Health Care Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Zimmer Biomet Holdings		51	$	6,134
Zoetis, Cl A		111		17,676
TOTAL UNITED STATES				1,257,037
TOTAL COMMON STOCK (Cost $1,211,337)				1,257,037
TOTAL INVESTMENTS — 100.8% (Cost $2,636,278)			$	2,744,255
WRITTEN OPTIONS— (0.9)% (Premiums Received  $(21,851))			$	(25,530	)

Percentages are based on Net Assets of $2,721,214. 

A list of the exchange traded option contracts held by the Fund at April 30, 2024, is as follows:

Description	Number of Contracts	Notional Amount			Exercise Price		Expiration Date	Value
WRITTEN OPTIONS — (0.9)%
Call Options
The Health Care Select Sector SPDR® Fund	(98)	$	(1,375,234	)	$	139	05/17/24	$	(25,530	)

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $1,375,234.

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

135

 

Schedule of Investments April 30, 2024 (Unaudited)

Global X Health Care Covered Call & Growth ETF

The following is a summary of the level of inputs used as of April 30, 2024, in valuing the Fund's investments and other financial instruments carried at value:

Investments in Securities	Level 1			Level 2		Level 3		Total
Exchange Traded Fund	$	1,487,218		$	—	$	—	$	1,487,218
Common Stock		1,257,037			—		—		1,257,037
Total Investments in Securities	$	2,744,255		$	—	$	—	$	2,744,255
Other Financial Instruments		Level 1			Level 2		Level 3		Total
Written Options	$	(25,530	)	$	—	$	—	$	(25,530	)
Total Other Financial Instruments	$	(25,530	)	$	—	$	—	$	(25,530	)

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

See “Glossary” for abbreviations.

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

136

 

Schedule of Investments April 30, 2024 (Unaudited)

Global X Information Technology Covered Call & Growth ETF

Sector Weightings †:

†  Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
EXCHANGE TRADED FUND — 55.5%
Technology Select Sector SPDR Fund (A)		18,779	$	3,685,754
TOTAL EXCHANGE TRADED FUND (Cost $3,366,288)				3,685,754
COMMON STOCK — 45.3%
CHINA — 0.3%
Information Technology — 0.3%
NXP Semiconductors		86		22,033
UNITED STATES — 45.0%
Information Technology — 45.0%
Accenture PLC, Cl A		211		63,492
Adobe *		153		70,813
Advanced Micro Devices *		546		86,476
Akamai Technologies *		47		4,744
Amphenol, Cl A		203		24,516
Analog Devices		166		33,301
ANSYS *		31		10,071
Apple		3,616		615,913
Applied Materials		281		55,821
Arista Networks *		85		21,808
Autodesk *		73		15,538
Broadcom		110		143,030
Cadence Design Systems *		93		25,634
CDW		44		10,642
Cisco Systems		1,373		64,504
Cognizant Technology Solutions, Cl A		157		10,312
Corning		253		8,445
Enphase Energy *		44		4,785
EPAM Systems *		20		4,705

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

137

 

Schedule of Investments April 30, 2024 (Unaudited)

Global X Information Technology Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
F5 *		20	$	3,306
Fair Isaac *		10		11,333
First Solar *		38		6,699
Fortinet *		211		13,331
Gartner *		27		11,140
Gen Digital		175		3,525
Hewlett Packard Enterprise		423		7,191
HP		284		7,978
Intel		1,430		43,572
International Business Machines		310		51,522
Intuit		96		60,060
Jabil		42		4,929
Juniper Networks		105		3,656
Keysight Technologies *		61		9,024
KLA		46		31,707
Lam Research		44		39,354
Microchip Technology		177		16,281
Micron Technology		370		41,795
Microsoft		1,748		680,549
Monolithic Power Systems		15		10,040
Motorola Solutions		54		18,314
NetApp		67		6,848
NVIDIA		161		139,107
ON Semiconductor *		133		9,331
Oracle		537		61,084
Palo Alto Networks *		105		30,543
PTC *		41		7,275
Qorvo *		34		3,973
QUALCOMM		378		62,691
Roper Technologies		35		17,901
Salesforce		327		87,943
Seagate Technology Holdings		64		5,498
ServiceNow *		70		48,533
Skyworks Solutions		49		5,223
Super Micro Computer *		16		13,741
Synopsys *		53		28,121
TE Connectivity		105		14,855
Teledyne Technologies *		15		5,722
Teradyne		47		5,467

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

138

 

Schedule of Investments April 30, 2024 (Unaudited)

Global X Information Technology Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Texas Instruments		307	$	54,161
Trimble *		83		4,986
Tyler Technologies *		13		6,000
VeriSign *		31		5,254
Western Digital *		107		7,579
Zebra Technologies, Cl A *		19		5,977
TOTAL UNITED STATES				2,987,669
TOTAL COMMON STOCK (Cost $2,762,516)				3,009,702
TOTAL INVESTMENTS — 100.8% (Cost $6,128,804)			$	6,695,456
WRITTEN OPTIONS— (0.9)% (Premiums Received  $(89,599))			$	(60,708	)

Percentages are based on Net Assets of $6,640,748.

A list of the exchange traded option contracts held by the Fund at April 30, 2024, is as follows:

Description	Number of Contracts		Notional Amount			Exercise Price		Expiration Date	Value
WRITTEN OPTIONS — (0.9)%
Call Options
The Technology Select Sector SPDR® Fund	(171	)	$	(3,356,217	)	$	197	05/17/24	$	(60,708	)

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $3,964,654.

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

139

 

Schedule of Investments April 30, 2024 (Unaudited)

Global X Information Technology Covered Call & Growth ETF

The following is a summary of the level of inputs used as of April 30, 2024, in valuing the Fund's investments and other financial instruments carried at value:

Investments in Securities	Level 1			Level 2		Level 3		Total
Exchange Traded Fund	$	3,685,754		$	—	$	—	$	3,685,754
Common Stock		3,009,702			—		—		3,009,702
Total Investments in Securities	$	6,695,456		$	—	$	—	$	6,695,456
Other Financial Instruments		Level 1			Level 2		Level 3		Total
Written Options	$	(60,708	)	$	—	$	—	$	(60,708	)
Total Other Financial Instruments	$	(60,708	)	$	—	$	—	$	(60,708	)

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

See “Glossary” for abbreviations.

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

140

Schedule of Investments April 30, 2024 (Unaudited)

Global X Nasdaq 100 ESG Covered Call ETF

Sector Weightings †:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK(A) — 102.3%
BRAZIL — 0.5%
Consumer Discretionary — 0.5%
MercadoLibre *		8	$	11,670
CHINA — 0.9%
Consumer Discretionary — 0.4%
PDD Holdings ADR *		66		8,262
Information Technology — 0.5%
NXP Semiconductors		48		12,297
TOTAL CHINA				20,559
NETHERLANDS — 0.9%
Information Technology — 0.9%
ASML Holding, Cl G		24		20,939
UNITED KINGDOM — 0.6%
Consumer Staples — 0.3%
Coca-Cola Europacific Partners		101		7,274

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

141

Schedule of Investments April 30, 2024 (Unaudited)

Global X Nasdaq 100 ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — 0.3%
AstraZeneca ADR		93	$	7,057
TOTAL UNITED KINGDOM				14,331
UNITED STATES — 99.4%
Communication Services — 12.0%
Alphabet, Cl A *		341		55,508
Alphabet, Cl C *		328		54,002
Charter Communications, Cl A *		21		5,375
Comcast, Cl A		620		23,628
Electronic Arts		66		8,370
Meta Platforms, Cl A		81		34,844
Netflix *		96		52,861
Sirius XM Holdings		818		2,405
Take-Two Interactive Software *		37		5,284
T-Mobile US		169		27,745
Trade Desk, Cl A *		72		5,965
Warner Bros Discovery *		434		3,194
				279,181
Consumer Discretionary — 9.1%
Airbnb, Cl A *		63		9,990
Amazon.com *		355		62,125
Booking Holdings		7		24,164
DoorDash, Cl A *		63		8,143
Lululemon Athletica *		26		9,376
Marriott International, Cl A		48		11,334
O’Reilly Automotive *		16		16,212
Ross Stores		68		8,809
Starbucks		171		15,132
Tesla *		259		47,470
				212,755
Consumer Staples — 5.1%
Costco Wholesale		57		41,205
Dollar Tree *		39		4,612
Keurig Dr Pepper		207		6,976
Kraft Heinz		68		2,625
Mondelez International, Cl A		217		15,611
Monster Beverage *		71		3,795

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

142

Schedule of Investments April 30, 2024 (Unaudited)

Global X Nasdaq 100 ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — continued
PepsiCo		232	$	40,811
Walgreens Boots Alliance		183		3,245
				118,880
Financials — 0.6%
PayPal Holdings *		219		14,874
Health Care — 5.6%
Amgen		82		22,463
Biogen *		23		4,941
Dexcom *		62		7,898
GE HealthCare Technologies		36		2,745
Gilead Sciences		198		12,910
IDEXX Laboratories *		17		8,377
Illumina *		30		3,692
Intuitive Surgical *		62		22,978
Moderna *		65		7,170
Regeneron Pharmaceuticals *		23		20,485
Vertex Pharmaceuticals *		41		16,105
				129,764
Industrials — 4.2%
Automatic Data Processing		100		24,189
Cintas		22		14,484
Copart *		213		11,568
CSX		326		10,830
Fastenal		79		5,367
Old Dominion Freight Line		48		8,722
PACCAR		75		7,958
Paychex		78		9,267
Verisk Analytics, Cl A		29		6,321
				98,706
Information Technology — 59.8%
Adobe *		108		49,986
Advanced Micro Devices *		380		60,184
ANSYS *		19		6,173
Apple		1,277		217,511
Applied Materials		212		42,114

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

143

Schedule of Investments April 30, 2024 (Unaudited)

Global X Nasdaq 100 ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Atlassian, Cl A *		30	$	5,169
Autodesk *		46		9,791
Broadcom		87		113,124
Cadence Design Systems *		72		19,845
CDW		38		9,191
Cisco Systems		995		46,745
Cognizant Technology Solutions, Cl A		112		7,356
Crowdstrike Holdings, Cl A *		46		13,457
Datadog, Cl A *		66		8,283
Fortinet *		149		9,414
GLOBALFOUNDRIES *		123		6,012
Intel		822		25,046
Intuit		58		36,286
KLA		29		19,989
Lam Research		33		29,516
Marvell Technology		185		12,193
Microchip Technology		50		4,599
Micron Technology		206		23,270
Microsoft		668		260,072
MongoDB, Cl A *		14		5,113
NVIDIA		241		208,229
ON Semiconductor *		68		4,771
Palo Alto Networks *		78		22,689
QUALCOMM		256		42,458
Roper Technologies		19		9,718
Synopsys *		36		19,101
Texas Instruments		163		28,756
Workday, Cl A *		44		10,768
Zscaler *		30		5,188
				1,392,117
Materials — 2.5%
Linde PLC		130		57,325
Real Estate — 0.3%
CoStar Group *		71		6,499

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

144

Schedule of Investments April 30, 2024 (Unaudited)

Global X Nasdaq 100 ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Utilities — 0.2%
Exelon		153	$	5,750
TOTAL UNITED STATES				2,315,851
TOTAL COMMON STOCK (Cost $1,964,242)				2,383,350
TOTAL INVESTMENTS — 102.3% (Cost $1,964,242)			$	2,383,350
WRITTEN OPTIONS— (2.5)% (Premiums Received  $(48,404))			$	(57,295	)
Percentages are based on Net Assets of $2,329,808.

A list of the exchange traded option contracts held by the Fund at April 30, 2024, is as follows:

Description	Number of Contracts	Notional Amount			Exercise Price		Expiration Date	Value
WRITTEN OPTIONS — (2.5)%
Call Options
Nasdaq-100	(1)	$	(1,744,069	)	$	17,250	05/17/24	$	(44,720	)
Nasdaq-100® Reduced-Value Index	(1)		(348,814	)		3,400	05/17/24		(12,575	)
Total Written Options		$	(2,092,883	)				$	(57,295	)

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $2,134,617.

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

145

Schedule of Investments April 30, 2024 (Unaudited)

Global X Nasdaq 100 ESG Covered Call ETF

The following is a summary of the level of inputs used as of April 30, 2024, in valuing the Fund’s investments and other financial instruments carried at value:

Investments in Securities	Level 1			Level 2		Level 3		Total
Common Stock	$	2,383,350		$	—	$	—	$	2,383,350
Total Investments in Securities	$	2,383,350		$	—	$	—	$	2,383,350
Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(57,295	)	$	—	$	—	$	(57,295	)
Total Other Financial Instruments	$	(57,295	)	$	—	$	—	$	(57,295	)

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

See “Glossary” for abbreviations.

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

146

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500 ESG Covered Call ETF

Sector Weightings †:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK(A) — 101.6%
UNITED STATES — 101.6%
Communication Services — 8.1%
Alphabet, Cl A *		250	$	40,695
Alphabet, Cl C *		209		34,410
AT&T		307		5,185
Comcast, Cl A		163		6,212
Electronic Arts		10		1,268
Interpublic Group		17		517
News, Cl A		17		404
News, Cl B		1		24
Omnicom Group		7		650
Paramount Global, Cl B		25		285
Take-Two Interactive Software *		7		1,000
T-Mobile US		23		3,776
Walt Disney		76		8,444
				102,870
Consumer Discretionary — 7.5%
Aptiv PLC *		11		781
Bath & Body Works		11		500
Best Buy		6		442
BorgWarner		10		328

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

147

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500 ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Discretionary — continued
Caesars Entertainment *		10	$	358
CarMax *		8		544
Carnival *		47		697
Chipotle Mexican Grill, Cl A *		1		3,160
Deckers Outdoor *		1		819
DR Horton		13		1,852
eBay		23		1,185
Etsy *		5		343
Expedia Group *		6		808
General Motors		47		2,093
Genuine Parts		6		943
Hasbro		5		307
Hilton Worldwide Holdings		10		1,973
Home Depot		42		14,037
Las Vegas Sands		15		665
LKQ		13		561
Lowe’s		24		5,472
Lululemon Athletica *		5		1,803
Marriott International, Cl A		10		2,361
McDonald’s		30		8,191
MGM Resorts International *		12		473
Mohawk Industries *		2		231
NIKE, Cl B		50		4,613
Norwegian Cruise Line Holdings *		18		341
Pool		2		725
PulteGroup		8		891
Ralph Lauren, Cl A		2		327
Ross Stores		15		1,943
Royal Caribbean Cruises *		10		1,396
Starbucks		46		4,071
Tapestry		10		399
Tesla *		118		21,627
TJX		48		4,516
Tractor Supply		5		1,365
Ulta Beauty *		2		810
Wynn Resorts		5		458
Yum! Brands		11		1,554
				95,963

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

148

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500 ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Consumer Staples — 6.9%
Archer-Daniels-Midland		22	$	1,290
Campbell Soup		7		320
Coca-Cola		166		10,254
Colgate-Palmolive		33		3,033
Conagra Brands		20		616
Costco Wholesale		19		13,735
Estee Lauder, Cl A		9		1,320
General Mills		22		1,550
Hershey		6		1,164
Hormel Foods		14		498
J M Smucker		5		574
Kellanova		12		694
Keurig Dr Pepper		46		1,550
Kraft Heinz		34		1,313
Kroger		27		1,495
Lamb Weston Holdings		7		583
McCormick		11		837
Molson Coors Beverage, Cl B		6		344
Mondelez International, Cl A		55		3,957
PepsiCo		59		10,379
Procter & Gamble		100		16,320
Sysco		20		1,486
Target		20		3,220
Tyson Foods, Cl A		13		788
Walgreens Boots Alliance		31		550
Walmart		182		10,802
				88,672
Energy — 4.8%
Baker Hughes, Cl A		41		1,337
Chevron		74		11,934
Devon Energy		28		1,433
Diamondback Energy		8		1,609
EQT		18		722
Exxon Mobil		169		19,988
Halliburton		36		1,349
Hess		11		1,732
Kinder Morgan		83		1,517
Marathon Petroleum		15		2,726

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

149

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500 ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Energy — continued
Occidental Petroleum		29	$	1,918
ONEOK		25		1,978
Phillips 66		18		2,578
Pioneer Natural Resources		10		2,693
Schlumberger		62		2,944
Targa Resources		10		1,141
Valero Energy		15		2,398
Williams		48		1,841
				61,838
Financials — 14.4%
Aflac		21		1,757
Allstate		11		1,871
American Express		24		5,617
American International Group		28		2,109
Ameriprise Financial		4		1,647
Aon PLC, Cl A		9		2,538
Arch Capital Group *		15		1,403
Arthur J Gallagher		9		2,112
Assurant		2		349
Bank of America		293		10,844
Bank of New York Mellon		31		1,751
BlackRock, Cl A		6		4,528
Capital One Financial		16		2,295
Cboe Global Markets		4		725
Charles Schwab		61		4,511
Chubb		17		4,227
Citigroup		82		5,029
Citizens Financial Group		22		750
CME Group, Cl A		15		3,145
Comerica		7		351
Corpay *		3		906
Discover Financial Services		11		1,394
Everest Group		2		733
FactSet Research Systems		2		834
Fidelity National Information Services		23		1,562
Fifth Third Bancorp		28		1,021
Fiserv *		26		3,969
Franklin Resources		14		320

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

150

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500 ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Financials — continued
Global Payments		12	$	1,473
Globe Life		3		228
Goldman Sachs Group		14		5,974
Hartford Financial Services Group		12		1,163
Huntington Bancshares		66		889
Intercontinental Exchange		24		3,090
Invesco		18		255
Jack Henry & Associates		3		488
JPMorgan Chase		123		23,584
KeyCorp		44		637
M&T Bank		7		1,011
MarketAxess Holdings		2		400
Marsh & McLennan		21		4,188
Mastercard, Cl A		35		15,792
MetLife		26		1,848
Moody’s		7		2,592
Morgan Stanley		52		4,724
MSCI, Cl A		3		1,397
Nasdaq		16		958
Northern Trust		8		659
PayPal Holdings *		44		2,988
PNC Financial Services Group		16		2,452
Principal Financial Group		9		712
Prudential Financial		14		1,547
Raymond James Financial		8		976
Regions Financial		36		694
S&P Global		14		5,822
State Street		12		870
Synchrony Financial		19		836
T Rowe Price Group		9		986
Travelers		9		1,909
Truist Financial		52		1,953
US Bancorp		67		2,722
Visa, Cl A		67		17,997
Willis Towers Watson PLC		4		1,005
				183,117
Health Care — 13.1%
Abbott Laboratories		74		7,842

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

151

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500 ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
AbbVie		75	$	12,198
Agilent Technologies		12		1,645
Amgen		22		6,027
Baxter International		23		929
Becton Dickinson		12		2,815
Biogen *		6		1,289
Bio-Rad Laboratories, Cl A *		1		270
Boston Scientific *		61		4,384
Bristol-Myers Squibb		84		3,691
Cardinal Health		10		1,030
Cencora		7		1,673
Centene *		23		1,680
Charles River Laboratories International *		2		458
Cigna Group		12		4,284
CVS Health		52		3,521
Danaher		28		6,905
DaVita *		2		278
Edwards Lifesciences *		24		2,032
Elevance Health		10		5,286
Eli Lilly		34		26,557
Gilead Sciences		51		3,325
Hologic *		11		833
Humana		5		1,510
IDEXX Laboratories *		4		1,971
Illumina *		6		738
Incyte *		9		468
Medtronic PLC		57		4,574
Merck		108		13,956
Mettler-Toledo International *		1		1,230
Moderna *		13		1,434
Pfizer		242		6,200
Quest Diagnostics		5		691
Regeneron Pharmaceuticals *		4		3,563
ResMed		7		1,498
Revvity		6		615
Stryker		15		5,048
Teleflex		2		418
UnitedHealth Group		39		18,864
Waters *		3		927

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

152

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500 ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Health Care — continued
Zimmer Biomet Holdings		8	$	962
Zoetis, Cl A		20		3,185
				166,804
Industrials — 8.1%
Allegion PLC		4		486
American Airlines Group *		30		405
AMETEK		10		1,747
Automatic Data Processing		17		4,112
Axon Enterprise *		3		941
Broadridge Financial Solutions		5		967
Carrier Global		33		2,029
Caterpillar		21		7,026
CH Robinson Worldwide		6		426
Cintas		4		2,633
CSX		80		2,658
Cummins		6		1,695
Dayforce *		8		491
Deere		11		4,306
Delta Air Lines		28		1,402
Dover		6		1,076
Eaton PLC		17		5,410
Emerson Electric		23		2,479
Fortive		13		979
General Electric		46		7,444
Hubbell, Cl B		2		741
IDEX		3		661
Illinois Tool Works		11		2,685
Ingersoll Rand		16		1,493
JB Hunt Transport Services		3		488
Johnson Controls International		28		1,822
Masco		10		684
Norfolk Southern		9		2,073
Otis Worldwide		17		1,550
PACCAR		22		2,334
Parker-Hannifin		6		3,269
Paychex		13		1,545
Pentair PLC		7		554
Quanta Services		6		1,551

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

153

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500 ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Industrials — continued
Republic Services, Cl A		9	$	1,725
Robert Half		5		346
Rockwell Automation		5		1,355
Stanley Black & Decker		6		548
Trane Technologies PLC		9		2,856
Uber Technologies *		88		5,832
Union Pacific		25		5,929
United Parcel Service, Cl B		29		4,277
United Rentals		3		2,004
Verisk Analytics, Cl A		6		1,308
Waste Management		15		3,120
Westinghouse Air Brake Technologies		7		1,128
WW Grainger		2		1,843
Xylem		10		1,307
				103,740
Information Technology — 32.6%
Accenture PLC, Cl A		27		8,125
Adobe *		19		8,794
Advanced Micro Devices *		69		10,928
Akamai Technologies *		7		706
Apple		615		104,753
Applied Materials		36		7,151
Autodesk *		9		1,916
Cisco Systems		173		8,128
Hewlett Packard Enterprise		55		935
HP		39		1,095
Intel		181		5,515
International Business Machines		39		6,482
KLA		6		4,136
Lam Research		6		5,366
Micron Technology		46		5,196
Microsoft		315		122,639
NVIDIA		105		90,722
ON Semiconductor *		17		1,193
QUALCOMM		48		7,961
Salesforce		41		11,027
TE Connectivity		13		1,839

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

154

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500 ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Information Technology — continued
Western Digital *		15	$	1,062
				415,669
Materials — 2.6%
Air Products & Chemicals		9		2,127
Albemarle		5		602
Amcor PLC		65		581
Avery Dennison		4		869
Ball		12		835
CF Industries Holdings		6		474
Corteva		27		1,461
Dow		29		1,650
Ecolab		11		2,488
FMC		5		295
Freeport-McMoRan		62		3,096
International Flavors & Fragrances		10		846
Linde PLC		21		9,260
LyondellBasell Industries, Cl A		10		1,000
Mosaic		15		471
Newmont		48		1,951
PPG Industries		10		1,290
Sherwin-Williams		10		2,996
Westrock		11		528
				32,820
Real Estate — 2.3%
Alexandria Real Estate Equities ‡		6		695
American Tower ‡		19		3,260
AvalonBay Communities ‡		6		1,137
Boston Properties ‡		5		310
CBRE Group, Cl A *		12		1,043
CoStar Group *		18		1,648
Digital Realty Trust ‡		12		1,665
Equinix ‡		4		2,845
Equity Residential ‡		14		902
Extra Space Storage ‡		8		1,074
Federal Realty Investment Trust ‡		2		208
Healthpeak Properties ‡		24		447
Host Hotels & Resorts ‡		30		566

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

155

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500 ESG Covered Call ETF

	Shares		Value
COMMON STOCK — continued
Real Estate — continued
Iron Mountain ‡		12	$	930
Kimco Realty ‡		27		503
ProLogis ‡		40		4,082
Public Storage ‡		7		1,816
Regency Centers ‡		7		415
SBA Communications, Cl A ‡		5		931
UDR ‡		15		571
Ventas ‡		19		841
Welltower ‡		23		2,191
Weyerhaeuser ‡		32		965
				29,045
Utilities — 1.2%
American Water Works		7		856
Consolidated Edison		15		1,416
Edison International		16		1,137
Entergy		8		853
Eversource Energy		15		909
Exelon		39		1,466
NextEra Energy		85		5,692
Public Service Enterprise Group		21		1,451
Sempra		25		1,791
				15,571
TOTAL UNITED STATES				1,296,109
TOTAL COMMON STOCK (Cost $1,144,397)				1,296,109
TOTAL INVESTMENTS — 101.6% (Cost $1,144,397)			$	1,296,109
WRITTEN OPTIONS— (1.6)% (Premiums Received  $(15,675))			$	(20,160	)
Percentages are based on Net Assets of $1,275,953.

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

156

Schedule of Investments April 30, 2024 (Unaudited)

Global X S&P 500 ESG Covered Call ETF

A list of the exchange traded option contracts held by the Fund at April 30, 2024, is as follows:

Description	Number of Contracts	Notional Amount			Exercise Price		Expiration Date	Value
WRITTEN OPTIONS — (1.6)%
Call Options
S&P 500 ESG Index	(28)	$	(1,250,676	)	$	445	05/17/24	$	(20,160	)

*	Non-income producing security.
‡	Real Estate Investment Trust
(A)	All or a portion of these securities has been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $1,266,169.

The following is a summary of the level of inputs used as of April 30, 2024, in valuing the Fund’s investments and other financial instruments carried at value:

Investments in Securities	Level 1			Level 2		Level 3		Total
Common Stock	$	1,296,109		$	—	$	—	$	1,296,109
Total Investments in Securities	$	1,296,109		$	—	$	—	$	1,296,109
Other Financial Instruments		Level 1			Level 2		Level 3		Total
Written Options	$	(20,160	)	$	—	$	—	$	(20,160	)
Total Other Financial Instruments	$	(20,160	)	$	—	$	—	$	(20,160	)

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

See “Glossary” for abbreviations.

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

157

Schedule of Investments April 30, 2024 (Unaudited)

Global X Dow 30^® Covered Call & Growth ETF

Sector Weightings †:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
COMMON STOCK(A) — 100.5%
UNITED STATES — 100.5%
Communication Services — 2.6%
Verizon Communications		467	$	18,442
Walt Disney		467		51,883
				70,325
Consumer Discretionary — 15.3%
Amazon.com *		467		81,725
Home Depot		467		156,081
McDonald’s		467		127,510
NIKE, Cl B		467		43,085
				408,401
Consumer Staples — 5.0%
Coca-Cola		467		28,847
Procter & Gamble		467		76,214
Walmart		467		27,716
				132,777
Energy — 2.8%
Chevron		467		75,313

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

158

Schedule of Investments April 30, 2024 (Unaudited)

Global X Dow 30^® Covered Call & Growth ETF

	Shares		Value
COMMON STOCK — continued
Financials — 23.3%
American Express		467	$	109,292
Goldman Sachs Group		467		199,273
JPMorgan Chase		467		89,543
Travelers		467		99,079
Visa, Cl A		467		125,441
				622,628
Health Care — 18.0%
Amgen		467		127,930
Johnson & Johnson		467		67,523
Merck		467		60,346
UnitedHealth Group		467		225,888
				481,687
Industrials — 13.8%
3M		467		45,070
Boeing *		467		78,382
Caterpillar		467		156,244
Honeywell International		467		90,005
				369,701
Information Technology — 18.7%
Apple		467		79,544
Cisco Systems		467		21,940
Intel		467		14,230
International Business Machines		467		77,615
Microsoft		467		181,817
Salesforce		467		125,595
				500,741
Materials — 1.0%
Dow		467		26,572
TOTAL UNITED STATES				2,688,145
TOTAL COMMON STOCK (Cost $2,522,370)				2,688,145
TOTAL INVESTMENTS — 100.5% (Cost $2,522,370)			$	2,688,145

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

159

Schedule of Investments April 30, 2024 (Unaudited)

Global X Dow 30^® Covered Call & Growth ETF

	Value
WRITTEN OPTIONS— (0.5)% (Premiums Received  $(20,789))	$	(13,125	)
Percentages are based on Net Assets of $2,675,732.

A list of the exchange traded option contracts held by the Fund at April 30, 2024, is as follows:

Description	Number of Contracts	Notional Amount			Exercise Price		Expiration Date	Value
WRITTEN OPTIONS — (0.5)%
Call Options
Dow Jones Industrial Average	(35)	$	(1,323,560	)	$	380	05/17/24	$	(13,125	)

*	Non-income producing security.
(A)	All or a portion of these securities has been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $2,567,293.

The following is a summary of the level of inputs used as of April 30, 2024, in valuing the Fund’s investments and other financial instruments carried at value:

Investments in Securities	Level 1			Level 2		Level 3		Total
Common Stock	$	2,688,145		$	—	$	—	$	2,688,145
Total Investments in Securities	$	2,688,145		$	—	$	—	$	2,688,145
Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(13,125	)	$	—	$	—	$	(13,125	)
Total Other Financial Instruments	$	(13,125	)	$	—	$	—	$	(13,125	)

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

See “Glossary” for abbreviations.

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

160

Schedule of Investments April 30, 2024 (Unaudited)

Global X MSCI Emerging Markets Covered Call ETF

Sector Weightings †:

† Sector weightings percentages are based on the total market value of investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

	Shares		Value
EXCHANGE TRADED FUND(A) — 103.6%
iShares Core MSCI Emerging Markets ETF (A)		39,300	$	2,029,845
TOTAL EXCHANGE TRADED FUND (Cost $1,926,482)				2,029,845
TOTAL INVESTMENTS — 103.6% (Cost $1,926,482)			$	2,029,845
WRITTEN OPTIONS— (4.0)% (Premiums Received  $(47,293))			$	(77,561	)
Percentages are based on Net Assets of $1,958,457.

A list of the exchange traded option contracts held by the Fund at April 30, 2024, is as follows:

Description	Number of Contracts	Notional Amount			Exercise Price		Expiration Date	Value
WRITTEN OPTIONS — (4.0)%
Call Options
iShares Core MSCI Emerging Markets ETF	(392)	$	(2,024,680	)	$	50	05/17/24	$	(77,561	)

(A) All or a portion of these securities has been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $2,024,680.

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

161

Schedule of Investments April 30, 2024 (Unaudited)

Global X MSCI Emerging Markets Covered Call ETF

The following is a summary of the level of inputs used as of April 30, 2024, in valuing the Fund’s investments and other financial instruments carried at value:

Investments in Securities	Level 1			Level 2		Level 3		Total
Exchange Traded Fund	$	2,029,845		$	—	$	—	$	2,029,845
Total Investments in Securities	$	2,029,845		$	—	$	—	$	2,029,845
Other Financial Instruments	Level 1			Level 2		Level 3		Total
Written Options	$	(77,561	)	$	—	$	—	$	(77,561	)
Total Other Financial Instruments	$	(77,561	)	$	—	$	—	$	(77,561	)

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

See “Glossary” for abbreviations.

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

162

Schedule of Investments April 30, 2024 (Unaudited)

Glossary (abbreviations used in preceding Schedule of Investments):

Fund Abbreviations

ADR — American Depositary Receipt

Cl — Class

ETF — Exchange-Traded Fund

REIT — Real Estate Investment Trust

S&P — Standard & Poor’s

SPDR — Standard & Poor’s Depository Receipt

163

Statements of Assets and Liabilities

April 30, 2024 (Unaudited)

	Global X S&P 500® Covered Call ETF		Global X NASDAQ 100® Covered Call ETF			Global X Russell 2000 Covered Call ETF			Global X Nasdaq 100® Covered Call & Growth ETF
Assets:
Cost of Investments	$	2,241,081,989	$	5,696,253,281		$	1,320,105,460		$	94,190,014
Cost of Affiliated Investments		—		—			1,862,055			—
Investments, at Value	$	2,835,215,498	$	8,149,639,128		$	1,423,098,971		$	115,775,670
Affiliated Investments, at Value		—		—			1,996,964			—
Cash		3,184,935		10,086,164			2,411,828			154,490
Dividend, Interest, and Securities Lending Income Receivable		1,683,370		578,669			347,903			8,200
Reclaim Receivable		23,354		—			7,635			—
Receivable for Capital Shares Sold		—		11,299,181			2,445,240			—
Receivable for Investment Securities Sold		—		268,797			64,024			—
Total Assets		2,840,107,157		8,171,871,939			1,430,372,565			115,938,360
Liabilities:
Options Written at Value (Premiums received $48,030,031, $170,088,337, $35,752,274 and $1,205,140, respectively)		50,895,200		208,931,840			38,460,015			1,475,760
Payable due to Investment Adviser		1,393,621		3,963,808			665,370			40,698
Payable for Investment Securities Purchased		—		11,479,424			2,513,726			—
Total Liabilities		52,288,821		224,375,072			41,639,111			1,516,458
Net Assets	$	2,787,818,336	$	7,947,496,867		$	1,388,733,454		$	114,421,902
Net Assets Consist of:
Paid-in Capital	$	2,777,887,654	$	8,053,804,661		$	1,659,384,614		$	105,247,664
Total Distributable Earnings (Accumulated Losses)		9,930,682		(106,307,794	)		(270,651,160	)		9,174,238
Net Assets	$	2,787,818,336	$	7,947,496,867		$	1,388,733,454		$	114,421,902
Outstanding Shares of Beneficial Interest (unlimited authorization — no par value)		69,940,000		457,190,000			85,190,000			3,890,000
Net Asset Value, Offering and Redemption Price Per Share		$39.86		$17.38			$16.30			$29.41

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

164

Statements of Assets and Liabilities

April 30, 2024 (Unaudited)

	Global X S&P 500® Covered Call & Growth ETF		Global X NASDAQ 100® Risk Managed Income ETF			Global X S&P 500® Risk Managed Income ETF			Global X Dow 30® Covered Call ETF
Assets:
Cost of Investments	$	61,036,298	$	11,314,429		$	29,010,494		$	72,759,116
Investments, at Value	$	67,624,513	$	13,423,802		$	34,098,487		$	84,132,501
Cash		47,309		24,084			44,962			36,336
Dividend, Interest, and Securities Lending Income Receivable		40,865		933			20,288			52,731
Reclaim Receivable		509		—			159			—
Receivable for Capital Shares Sold		—		—			—			442,144
Receivable for Investment Securities Sold		—		—			—			4,454
Total Assets		67,713,196		13,448,819			34,163,896			84,668,166
Liabilities:
Options Written at Value (Premiums received $569,017, $301,018, $578,927 and $1,320,778, respectively)		605,680		368,920			611,338			834,000
Payable due to Investment Adviser		24,653		6,389			16,601			41,040
Payable for Investment Securities Purchased		—		—			—			448,984
Total Liabilities		630,333		375,309			627,939			1,324,024
Net Assets	$	67,082,863	$	13,073,510		$	33,535,957		$	83,344,142
Net Assets Consist of:
Paid-in Capital	$	61,969,185	$	15,317,445		$	37,045,469		$	78,961,739
Total Distributable Earnings (Accumulated Losses)		5,113,678		(2,243,935	)		(3,509,512	)		4,382,403
Net Assets	$	67,082,863	$	13,073,510		$	33,535,957		$	83,344,142
Outstanding Shares of Beneficial Interest (unlimited authorization — no par value)		2,290,000		780,000			1,790,000			3,770,000
Net Asset Value, Offering and Redemption Price Per Share		$29.29		$16.76			$18.74			$22.11

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

165

Statements of Assets and Liabilities

April 30, 2024 (Unaudited)

	Global X Russell 2000 Covered Call & Growth ETF		Global X Financials Covered Call & Growth ETF		Global X Health Care Covered Call & Growth ETF			Global X Information Technology Covered Call & Growth ETF
Assets:
Cost of Investments	$	7,004,621	$	2,265,677	$	2,636,278		$	6,128,804
Investments, at Value	$	7,701,951	$	2,584,602	$	2,744,255		$	6,695,456
Cash		12,326		2,780		2,265			8,985
Receivable for Investment Securities Sold		—		—		—			1,218,945
Dividend, Interest, and Securities Lending Income Receivable		—		908		1,452			249
Reclaim Receivable		—		6		—			62
Total Assets		7,714,277		2,588,296		2,747,972			7,923,697
Liabilities:
Options Written at Value (Premiums received $96,478, $23,543, $21,851 and $89,599, respectively)		104,068		26,881		25,530			60,708
Payable due to Investment Adviser		2,125		1,158		1,228			3,606
Payable for Investment Securities Purchased		—		—		—			11,192
Payable for Capital Shares Redeemed		—		—		—			1,207,443
Total Liabilities		106,193		28,039		26,758			1,282,949
Net Assets	$	7,608,084	$	2,560,257	$	2,721,214		$	6,640,748
Net Assets Consist of:
Paid-in Capital	$	6,991,610	$	2,445,667	$	2,767,218		$	6,302,665
Total Distributable Earnings (Accumulated Losses)		616,474		114,590		(46,004	)		338,083
Net Assets	$	7,608,084	$	2,560,257	$	2,721,214		$	6,640,748
Outstanding Shares of Beneficial Interest (unlimited authorization — no par value)		310,000		100,000		110,000			220,000
Net Asset Value, Offering and Redemption Price Per Share		$24.54		$25.60		$24.74			$30.19

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

166

Statements of Assets and Liabilities

April 30, 2024 (Unaudited)

	Global X NASDAQ 100 ESG Covered Call ETF		Global X S&P 500 ESG Covered Call ETF		Global X Dow 30® Covered Call & Growth ETF		Global X MSCI Emerging Markets Covered Call ETF
Assets:
Cost of Investments	$	1,964,242	$	1,144,397	$	2,522,370	$	1,926,482
Investments, at Value	$	2,383,350	$	1,296,109	$	2,688,145	$	2,029,845
Cash		4,774		941		—		6,902
Dividend, Interest, and Securities Lending Income Receivable		147		851		1,706		—
Receivable for Investment Securities Sold		—		160,276		—		—
Total Assets		2,388,271		1,458,177		2,689,851		2,036,747
Liabilities:
Options Written at Value (Premiums received $48,404, $15,675, $20,789 and $47,293, respectively)		57,295		20,160		13,125		77,561
Payable due to Investment Adviser		1,168		634		966		729
Payable for Investment Securities Purchased		—		161,430		—		—
Due to Custodian		—		—		28		—
Total Liabilities		58,463		182,224		14,119		78,290
Net Assets	$	2,329,808	$	1,275,953	$	2,675,732	$	1,958,457
Net Assets Consist of:
Paid-in Capital	$	2,175,798	$	1,114,957	$	2,567,169	$	1,996,779
Total Distributable Earnings (Accumulated Losses)		154,010		160,996		108,563		(38,322	)
Net Assets	$	2,329,808	$	1,275,953	$	2,675,732	$	1,958,457
Outstanding Shares of Beneficial Interest (unlimited authorization — no par value)		90,000		50,000		100,000		80,000
Net Asset Value, Offering and Redemption Price Per Share		$25.89		$25.52		$26.76		$24.48

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

167

Statements of Operations

For the period ended April 30, 2024 (Unaudited)

	Global X S&P 500® Covered Call ETF			Global X NASDAQ 100® Covered Call ETF			Global X Russell 2000 Covered Call ETF			Global X Nasdaq 100® Covered Call & Growth ETF
Investment Income:
Dividend Income	$	21,729,948		$	39,696,573		$	9,257,318		$	551,063
Interest Income		190,726			740,633			123,077			7,053
Less: Foreign Taxes Withheld		4,861			(88,458	)		(12,999	)		(1,249	)
Total Investment Income		21,925,535			40,348,748			9,367,396			556,867
Expenses:
Supervision and Administration Fees(1)		8,384,240			23,580,117			4,220,305			316,378
Custodian Fees(2)		8,264			1,684			18,667			25
Total Expenses		8,392,504			23,581,801			4,238,972			316,403
Waiver of Supervision and Administration Fees		–			–			(171,109	)		–
Net Expenses		8,392,504			23,581,801			4,067,863			316,403
Net Investment Income		13,533,031			16,766,947			5,299,533			240,464
Net Realized Gain (Loss) on:
Investments(3)		59,660,523			306,018,613			21,608,481			3,204,483
Written Options		(251,792,963	)		(563,734,264	)		(139,179,246	)		(3,797,458	)
Net Realized Gain (Loss)		(192,132,440	)		(257,715,651	)		(117,570,765	)		(592,975	)
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		467,093,625			1,211,817,685			243,083,967			17,680,804
Affiliated Investments		—			—			(120,679	)		—
Written Options		(38,815,183	)		(156,928,662	)		(27,322,566	)		(1,048,324	)
Net Change in Unrealized Appreciation (Depreciation)		428,278,442			1,054,889,023			215,640,722			16,632,480
Net Realized and Unrealized Gain (Loss)		236,146,002			797,173,372			98,069,957			16,039,505
Net Increase in Net Assets Resulting from Operations	$	249,679,033		$	813,940,319		$	103,369,490		$	16,279,969

(1)	The Supervision and Administration fees 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.

168

Statements of Operations

For the period ended April 30, 2024 (Unaudited)

	Global X S&P 500® Covered Call & Growth ETF			Global X NASDAQ 100® Risk Managed Income ETF			Global X S&P 500® Risk Managed Income ETF			Global X Dow 30® Covered Call ETF
Investment Income:
Dividend Income	$	500,383		$	60,488		$	232,990		$	861,428
Interest Income		2,370			1,082			2,635			—
Less: Foreign Taxes Withheld		(177	)		(138	)		(58	)		—
Total Investment Income		502,576			61,432			235,567			861,428
Expenses:
Supervision and Administration Fees(1)		186,638			36,150			90,902			249,254
Custodian Fees(2)		80			388			345			40
Total Expenses		186,718			36,538			91,247			249,294
Net Investment Income		315,858			24,894			144,320			612,134
Net Realized Gain (Loss) on:
Investments(3)		1,559,066			109,169			(828	)		1,339,156
Purchased Options		—			(379,508	)		(541,857	)		—
Written Options		(2,786,469	)		(862,687	)		(2,475,144	)		(5,287,852	)
Net Realized Gain (Loss)		(1,227,403	)		(1,133,026	)		(3,017,829	)		(3,948,696	)
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		10,211,310			2,163,188			5,274,893			10,015,092
Purchased Options		—			(40,951	)		(51,559	)		—
Written Options		(426,067	)		(246,256	)		(374,762	)		621,076
Net Change in Unrealized Appreciation (Depreciation)		9,785,243			1,875,981			4,848,572			10,636,168
Net Realized and Unrealized Gain (Loss)		8,557,840			742,955			1,830,743			6,687,472
Net Increase in Net Assets Resulting from Operations	$	8,873,698		$	767,849		$	1,975,063		$	7,299,606

(1)	The Supervision and Administration fees 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.

169

Statements of Operations

For the period ended April 30, 2024 (Unaudited)

	Global X Russell 2000 Covered Call & Growth ETF			Global X Financials Covered Call & Growth ETF			Global X Health Care Covered Call & Growth ETF			Global X Information Technology Covered Call & Growth ETF
Investment Income:
Dividend Income	$	73,553		$	22,256		$	22,779		$	18,614
Interest Income		707			129			232			621
Less: Foreign Taxes Withheld		—			—			—			(18	)
Total Investment Income		74,260			22,385			23,011			19,217
Expenses:
Supervision and Administration Fees(1)		26,222			7,435			8,194			15,242
Custodian Fees(2)		12			—			—			—
Total Expenses		26,234			7,435			8,194			15,242
Waiver of Supervision and Administration Fees		(4,607	)		(667	)		(752	)		(1,397	)
Net Expenses		21,627			6,768			7,442			13,845
Net Investment Income		52,633			15,617			15,569			5,372
Net Realized Gain (Loss) on:
Investments(3)		837,414			57,972			3,521			465,002
Written Options		(571,110	)		(146,643	)		(51,629	)		(123,829	)
Net Realized Gain (Loss)		266,304			(88,671	)		(48,108	)		341,173
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		992,760			481,764			321,335			22,742
Written Options		(48,087	)		(21,822	)		(21,907	)		(1,156	)
Foreign Currency Translations		(1	)		—			—			—
Net Change in Unrealized Appreciation (Depreciation)		944,672			459,942			299,428			21,586
Net Realized and Unrealized Gain (Loss)		1,210,976			371,271			251,320			362,759
Net Increase in Net Assets Resulting from Operations	$	1,263,609		$	386,888		$	266,889		$	368,131

(1)	The Supervision and Administration fees 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.

170

Statements of Operations

For the period ended April 30, 2024 (Unaudited)

	Global X NASDAQ 100 ESG Covered Call ETF			Global X S&P 500 ESG Covered Call ETF			Global X Dow 30® Covered Call & Growth ETF			Global X MSCI Emerging Markets Covered Call ETF (1)
Investment Income:
Dividend Income	$	11,368		$	14,143		$	27,114		$	24,495
Interest Income		228			121			115			136
Less: Foreign Taxes Withheld		(35	)		(5	)		—			—
Total Investment Income		11,561			14,259			27,229			24,631
Expenses:
Supervision and Administration Fees(2)		7,583			5,707			7,581			4,520
Custodian Fees(3)		38			27			9			—
Total Expenses		7,621			5,734			7,590			4,520
Waiver of Supervision and Administration Fees		–			–			–			(691	)
Net Expenses		7,621			5,734			7,590			3,829
Net Investment Income		3,940			8,525			19,639			20,802
Net Realized Gain (Loss) on:
Investments(4)		234,234			296,636			5,922			3,476
Written Options		(224,806	)		(176,102	)		(79,415	)		(44,907	)
Net Realized Gain (Loss)		9,428			120,534			(73,493	)		(41,431	)
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		299,821			122,515			340,452			103,363
Written Options		(41,594	)		(27,542	)		9,508			(30,268	)
Net Change in Unrealized Appreciation (Depreciation)		258,227			94,973			349,960			73,095
Net Realized and Unrealized Gain (Loss)		267,655			215,507			276,467			31,664
Net Increase in Net Assets Resulting from Operations	$	271,595		$	224,032		$	296,106		$	52,466

(1)	The Fund commenced operations on November 7, 2023.
(2)	The Supervision and Administration fees 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.

171

Statements of Changes in Net Assets

	Global X S&P 500® Covered Call ETF						Global X NASDAQ 100® Covered Call ETF
	Period Ended April 30, 2024 (Unaudited)			Year Ended October 31, 2023			Period Ended April 30, 2024 (Unaudited)			Year Ended October 31, 2023
Operations:
Net Investment Income	$	13,533,031		$	27,392,869		$	16,766,947		$	22,396,738
Net Realized Gain (Loss)		(192,132,440	)		(233,680,467	)		(257,715,651	)		(991,313,251	)
Net Change in Unrealized Appreciation (Depreciation)		428,278,442			340,702,585			1,054,889,023			1,973,695,038
Net Increase in Net Assets Resulting from Operations		249,679,033			134,414,987			813,940,319			1,004,778,525
Distributions:		(129,191,120	)		(8,585,958	)		(465,618,470	)		—
Return of Capital:		—			(269,122,735	)		—			(875,982,507	)
Capital Share Transactions:
Issued		53,905,890			1,162,324,728			302,054,743			1,525,390,555
Redeemed		(191,781,295	)		(148,370,274	)		(224,093,124	)		(530,621,484	)
Increase (Decrease) in Net Assets from Capital Share Transactions		(137,875,405	)		1,013,954,454			77,961,619			994,769,071
Total Increase (Decrease) in Net Assets		(17,387,492	)		870,660,748			426,283,468			1,123,565,089
Net Assets:
Beginning of Year/Period		2,805,205,828			1,934,545,080			7,521,213,399			6,397,648,310
End of Year/Period	$	2,787,818,336		$	2,805,205,828		$	7,947,496,867		$	7,521,213,399
Share Transactions:
Issued		1,340,000			28,790,000			17,110,000			88,410,000
Redeemed		(4,880,000	)		(3,670,000	)		(12,930,000	)		(31,540,000	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		(3,540,000	)		25,120,000			4,180,000			56,870,000

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

172

Statements of Changes in Net Assets

	Global X Russell 2000 Covered Call ETF						Global X Nasdaq 100® Covered Call & Growth ETF
	Period Ended April 30, 2024 (Unaudited)			Year Ended October 31, 2023			Period Ended April 30, 2024 (Unaudited)			Year Ended October 31, 2023
Operations:
Net Investment Income	$	5,299,533		$	15,090,879		$	240,464		$	216,859
Net Realized Gain (Loss)		(117,570,765	)		(69,751,640	)		(592,975	)		(7,451,747	)
Net Change in Unrealized Appreciation (Depreciation)		215,640,722			(56,574,026	)		16,632,480			20,210,906
Net Increase (Decrease) in Net Assets Resulting from Operations		103,369,490			(111,234,787	)		16,279,969			12,976,018
Distributions:		(84,604,511	)		(2,455,329	)		(3,308,010	)		—
Return of Capital:		—			(170,194,451	)		—			(4,776,529	)
Capital Share Transactions:
Issued		92,254,414			488,673,691			10,467,783			38,046,832
Redeemed		(128,323,684	)		(140,992,543	)		(11,196,527	)		(5,172,322	)
Increase (Decrease) in Net Assets from Capital Share Transactions		(36,069,270	)		347,681,148			(728,744	)		32,874,510
Total Increase (Decrease) in Net Assets		(17,304,291	)		63,796,581			12,243,215			41,073,999
Net Assets:
Beginning of Year/Period		1,406,037,745			1,342,241,164			102,178,687			61,104,688
End of Year/Period	$	1,388,733,454		$	1,406,037,745		$	114,421,902		$	102,178,687
Share Transactions:
Issued		5,590,000			26,620,000			360,000			1,430,000
Redeemed		(7,730,000	)		(7,940,000	)		(390,000	)		(190,000	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		(2,140,000	)		18,680,000			(30,000	)		1,240,000

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

173

Statements of Changes in Net Assets

	Global X S&P 500® Covered Call & Growth ETF						Global X NASDAQ 100® Risk Managed Income ETF
	Period Ended April 30, 2024 (Unaudited)			Year Ended October 31, 2023			Period Ended April 30, 2024 (Unaudited)			Year Ended October 31, 2023
Operations:
Net Investment Income	$	315,858		$	562,614		$	24,894		$	29,997
Net Realized Gain (Loss)		(1,227,403	)		108,169			(1,133,026	)		(3,412,973	)
Net Change in Unrealized Appreciation (Depreciation)		9,785,243			2,932,803			1,875,981			3,554,002
Net Increase in Net Assets Resulting from Operations		8,873,698			3,603,586			767,849			171,026
Distributions:		(1,492,498	)		(376,487	)		(726,311	)		—
Return of Capital:		—			(2,498,448	)		—			(1,196,718	)
Capital Share Transactions:
Issued		8,091,024			37,732,859			2,069,101			4,456,197
Redeemed		(9,395,695	)		(18,965,715	)		(849,701	)		(2,337,483	)
Increase (Decrease) in Net Assets from Capital Share Transactions		(1,304,671	)		18,767,144			1,219,400			2,118,714
Total Increase in Net Assets		6,076,529			19,495,795			1,260,938			1,093,022
Net Assets:
Beginning of Year/Period		61,006,334			41,510,539			11,812,572			10,719,550
End of Year/Period	$	67,082,863		$	61,006,334		$	13,073,510		$	11,812,572
Share Transactions:
Issued		280,000			1,400,000			120,000			250,000
Redeemed		(330,000	)		(690,000	)		(50,000	)		(130,000	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		(50,000	)		710,000			70,000			120,000

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

174

Statements of Changes in Net Assets

	Global X S&P 500® Risk Managed Income ETF						Global X Dow 30® Covered Call ETF
	Period Ended April 30, 2024 (Unaudited)			Year Ended October 31, 2023			Period Ended April 30, 2024 (Unaudited)			Year Ended October 31, 2023
Operations:
Net Investment Income	$	144,320		$	281,161		$	612,134		$	1,105,670
Net Realized Gain (Loss)		(3,017,829	)		(4,960,159	)		(3,948,696	)		(922,155	)
Net Change in Unrealized Appreciation (Depreciation)		4,848,572			4,368,747			10,636,168			1,596,622
Net Increase (Decrease) in Net Assets Resulting from Operations		1,975,063			(310,251	)		7,299,606			1,780,137
Distributions:		(1,833,274	)		(41,006	)		(2,622,919	)		(609,561	)
Return of Capital:		—			(3,063,982	)		—			(4,969,158	)
Capital Share Transactions:
Issued		7,432,208			8,369,780			4,846,526			40,828,893
Redeemed		(1,135,851	)		(2,490,395	)		(5,126,222	)		(11,067,750	)
Increase (Decrease) in Net Assets from Capital Share Transactions		6,296,357			5,879,385			(279,696	)		29,761,143
Total Increase in Net Assets		6,438,146			2,464,146			4,396,991			25,962,561
Net Assets:
Beginning of Year/Period		27,097,811			24,633,665			78,947,151			52,984,590
End of Year/Period	$	33,535,957		$	27,097,811		$	83,344,142		$	78,947,151
Share Transactions:
Issued		390,000			410,000			220,000			1,870,000
Redeemed		(60,000	)		(120,000	)		(230,000	)		(510,000	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		330,000			290,000			(10,000	)		1,360,000

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

175

Statements of Changes in Net Assets

	Global X Russell 2000 Covered Call  & Growth ETF						Global X Financials Covered Call  & Growth ETF
	Period Ended April 30, 2024 (Unaudited)			Year Ended October 31, 2023			Period Ended April 30, 2024 (Unaudited)			Period Ended October 31, 2023(1)
Operations:
Net Investment Income	$	52,633		$	35,277		$	15,617		$	34,690
Net Realized Gain (Loss)		266,304			(20,374	)		(88,671	)		(21,236	)
Net Change in Unrealized Appreciation (Depreciation)		944,672			(309,458	)		459,942			(144,355	)
Net Increase (Decrease) in Net Assets Resulting from Operations		1,263,609			(294,555	)		386,888			(130,901	)
Distributions:		(317,304	)		(103,467	)		(56,410	)		(84,987	)
Return of Capital:		—			(152,549	)		—			(42,333	)
Capital Share Transactions:
Issued		4,734,879			6,907,493			252,735			2,488,000
Redeemed		(6,352,511	)		(735,702	)		(252,735	)		—
Increase (Decrease) in Net Assets from Capital Share Transactions		(1,617,632	)		6,171,791			—			2,488,000
Total Increase (Decrease) in Net Assets		(671,327	)		5,621,220			330,478			2,229,779
Net Assets:
Beginning of Year/Period		8,279,411			2,658,191			2,229,779			—
End of Year/Period	$	7,608,084		$	8,279,411		$	2,560,257		$	2,229,779
Share Transactions:
Issued		200,000			300,000			10,000			100,000
Redeemed		(260,000	)		(30,000	)		(10,000	)		—
Net Increase (Decrease) in Shares Outstanding from Share Transactions		(60,000	)		270,000			—			100,000

(1) The Fund commenced operations on November 21, 2022.

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

176

Statements of Changes in Net Assets

	Global X Health Care Covered Call  & Growth ETF						Global X Information Technology Covered Call & Growth ETF
	Period Ended April 30, 2024 (Unaudited)			Period Ended October 31, 2023(1)			Period Ended April 30, 2024 (Unaudited)			Period Ended October 31, 2023(1)
Operations:
Net Investment Income	$	15,569		$	28,309		$	5,372		$	11,876
Net Realized Gain (Loss)		(48,108	)		110,750			341,173			(36,039	)
Net Change in Unrealized Appreciation (Depreciation)		299,428			(195,130	)		21,586			573,957
Net Increase (Decrease) in Net Assets Resulting from Operations		266,889			(56,071	)		368,131			549,794
Distributions:		(122,316	)		(122,360	)		(413,621	)		(166,221	)
Capital Share Transactions:
Issued		—			3,251,236			4,430,280			3,079,828
Redeemed		—			(496,164	)		(1,207,443	)		—
Increase in Net Assets from Capital Share Transactions		—			2,755,072			3,222,837			3,079,828
Total Increase in Net Assets		144,573			2,576,641			3,177,347			3,463,401
Net Assets:
Beginning of Year/Period		2,576,641			—			3,463,401			—
End of Year/Period	$	2,721,214		$	2,576,641		$	6,640,748		$	3,463,401
Share Transactions:
Issued		—			130,000			140,000			120,000
Redeemed		—			(20,000	)		(40,000	)		—
Net Increase in Shares Outstanding from Share Transactions		—			110,000			100,000			120,000

(1) The Fund commenced operations on November 21, 2022.

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

177

Statements of Changes in Net Assets

	Global X NASDAQ 100 ESG Covered Call ETF						Global X S&P 500 ESG Covered Call ETF
	Period Ended April 30, 2024 (Unaudited)			Period Ended October 31, 2023(1)			Period Ended April 30, 2024 (Unaudited)			Period Ended October 31, 2023(1)
Operations:
Net Investment Income	$	3,940		$	3,724		$	8,525		$	17,271
Net Realized Gain (Loss)		9,428			81,924			120,534			(24,567	)
Net Change in Unrealized Appreciation (Depreciation)		258,227			151,990			94,973			52,254
Net Increase in Net Assets Resulting from Operations		271,595			237,638			224,032			44,958
Distributions:		(149,083	)		(206,140	)		(63,034	)		(44,960	)
Return of Capital:		—			—			—			(86,314	)
Capital Share Transactions:
Issued		261,278			3,683,183			—			3,427,824
Redeemed		(531,480	)		(1,237,183	)		(1,263,730	)		(962,823	)
Increase (Decrease) in Net Assets from Capital Share Transactions		(270,202	)		2,446,000			(1,263,730	)		2,465,001
Total Increase (Decrease) in Net Assets		(147,690	)		2,477,498			(1,102,732	)		2,378,685
Net Assets:
Beginning of Year/Period		2,477,498			—			2,378,685			—
End of Year/Period	$	2,329,808		$	2,477,498		$	1,275,953		$	2,378,685
Share Transactions:
Issued		10,000			150,000			—			140,000
Redeemed		(20,000	)		(50,000	)		(50,000	)		(40,000	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		(10,000	)		100,000			(50,000	)		100,000

(1) The Fund commenced operations on February 21, 2023.

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

178

Statements of Changes in Net Assets

	Global X Dow 30® Covered Call & Growth ETF						Global X MSCI Emerging Markets Covered Call ETF
	Period Ended April 30, 2024 (Unaudited)			Period Ended October 31, 2023(1)			Period Ended April 30, 2024(2) (Unaudited)
Operations:
Net Investment Income	$	19,639		$	9,566		$	20,802
Net Realized Gain (Loss)		(73,493	)		29,838			(41,431	)
Net Change in Unrealized Appreciation (Depreciation)		349,960			(176,521	)		73,095
Net Increase (Decrease) in Net Assets Resulting from Operations		296,106			(137,117	)		52,466
Distributions:		(40,860	)		(9,566	)		(90,788	)
Return of Capital:		—			(13,830	)		—
Capital Share Transactions:
Issued		—			2,580,999			3,242,858
Redeemed		—			—			(1,246,079	)
Increase in Net Assets from Capital Share Transactions		—			2,580,999			1,996,779
Total Increase in Net Assets		255,246			2,420,486			1,958,457
Net Assets:
Beginning of Period		2,420,486			—			—
End of Period	$	2,675,732		$	2,420,486		$	1,958,457
Share Transactions:
Issued		—			100,000			130,000
Redeemed		—			—			(50,000	)
Net Increase in Shares Outstanding from Share Transactions		—			100,000			80,000

(1)	The Fund commenced operations on July 25, 2023.
(2)	The Fund commenced operations on November 7, 2023.

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

179

 

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 ($)			Distribution from Capital Gains ($)			Return of Capital ($)
Global X S&P 500® Covered Call ETF (1)
2024 (Unaudited)		38.18		0.19		3.32			3.51			(1.83	)		—			—
2023		40.00		0.43		2.13			2.56			(0.14	)		—			(4.24	)
2022		50.37		0.45		(5.50	)		(5.05	)		(1.05	)		(0.11	)		(4.16	)
2021		42.45		0.39		12.14			12.53			(4.61	)		—			—
2020		49.39		0.56		(4.17	)		(3.61	)		(0.58	)		—			(2.75	)
2019		48.56		0.56		3.30			3.86			(2.27	)		(0.39	)		(0.37	)
Global X NASDAQ 100® Covered Call ETF (1)
2024 (Unaudited)		16.60		0.04		1.77			1.81			(1.03	)		—			—
2023		16.15		0.05		2.44			2.49			—			—			(2.04	)
2022		22.82		0.05		(4.13	)		(4.08	)		(0.24	)		(0.50	)		(1.85	)
2021		20.65		0.02		4.73			4.75			(2.58	)		—			—
2020		23.10		0.06		(0.06	)		—			(0.06	)		—			(2.39	)
2019		23.45		0.06		1.95			2.01			(1.83	)		—			(0.53	)
Global X Russell 2000 Covered Call ETF
2024 (Unaudited)		16.10		0.06		1.13			1.19			(0.99	)		—			—
2023		19.55		0.19		(1.47	)		(1.28	)		(0.03	)		—			(2.14	)
2022		25.18		0.19		(3.10	)		(2.91	)		(0.44	)		(0.31	)		(1.97	)
2021		20.45		0.13		7.50			7.63			(2.90	)		—			—
2020		25.24		0.12		(2.51	)		(2.39	)		(0.11	)		(0.17	)		(2.12	)
2019(6)		25.00		0.09		1.37			1.46			(1.22	)		—			—

*	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 0.64% 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.
(3)	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.
(4)	The ratio of Expenses to Average Net Assets includes the effect of a waiver due to acquired fund fees and expenses. The ratio to Average Net Assets does not include acquired fund fees and expenses of the underlying investments, if applicable. If these offsets were excluded, the ratio would have been 0.60%, 0.60%, 0.60%, 0.68% and 0.97% for the year ended October 31, 2023 to the year ended October 31, 2019, respectively.

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

180

 

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 (%)††
	(1.83	)		39.86		9.32			2,787,818		0.60	†		0.97	†		1.62
	(4.38	)		38.18		6.45			2,805,206		0.60			1.07			7.90
	(5.32	)		40.00		(10.72	)		1,934,545		0.60			1.00			15.60
	(4.61	)		50.37		30.67			669,855		0.60			0.80			4.84
	(3.33	)		42.45		(7.42	)		103,992		0.71	(2)		1.22			7.29
	(3.03	)		49.39		8.40			133,353		0.87	(2)		1.16			3.92
	(1.03	)		17.38		11.07			7,947,497		0.60	†		0.43	†		13.02
	(2.04	)		16.60		15.91			7,521,213		0.61			0.31			38.93
	(2.59	)		16.15		(19.18	)		6,397,648		0.60			0.25			31.11
	(2.58	)		22.82		23.89			5,036,215		0.60			0.11			19.99
	(2.45	)		20.65		0.21			1,325,642		0.67	(3)		0.27			27.87
	(2.36	)		23.10		9.39			768,036		0.85	(3)		0.26			11.82
	(0.99	)		16.30		7.52			1,388,733		0.58	†		0.75	†		7.15
	(2.17	)		16.10		(7.18	)		1,406,038		0.57	(4)		1.04			19.24
	(2.72	)		19.55		(12.18	)		1,342,241		0.55	(4)(5)		0.86			186.48
	(2.90	)		25.18		38.82			554,446		0.50	(4)		0.53			8.94
	(2.40	)		20.45		(9.18	)		21,475		0.56	(4)		0.68			11.16
	(1.22	)		25.24		5.99			8,833		0.82	†(4)		0.68	†		5.82

(5)	Includes fees charged by the Fund custodian that were reimbursed by the custodian to the Fund subsequent to the reporting period.  Excluding these fees, the ratio to average net assets would have been 0.54%.
(6)	The Fund commenced operations on April 17, 2019.

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

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

181

 

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 ($)			Distribution from Capital Gains ($)			Return of Capital ($)
Global X Nasdaq 100® Covered Call & Growth ETF
2024 (Unaudited)		26.07		0.06			4.16			4.22			(0.88	)		—			—
2023		22.80		0.07			4.73			4.80			—			—			(1.53	)
2022		33.09		0.06			(7.29	)		(7.23	)		(0.20	)		(1.60	)		(1.26	)
2021		26.27		0.02			8.56			8.58			(1.76	)		—			—
2020(2)		26.30		—			0.11			0.11			—			—			(0.14	)
Global X S&P 500® Covered Call & Growth ETF
2024 (Unaudited)		26.07		0.14			3.74			3.88			(0.66	)		—			—
2023		25.47		0.28			1.75			2.03			(0.19	)		—			(1.24	)
2022		31.83		0.27			(4.03	)		(3.76	)		(0.42	)		(1.10	)		(1.08	)
2021		24.69		0.22			8.29			8.51			(1.37	)		—			—
2020(2)		25.22		0.02			(0.41	)		(0.39	)		(0.02	)		—			(0.12	)
Global X NASDAQ 100® Risk Managed Income ETF
2024 (Unaudited)		16.64		0.04			1.11			1.15			(1.03	)		—			—
2023		18.17		0.05			0.58			0.63			—			—			(2.16	)
2022		24.12		0.04			(4.04	)		(4.00	)		(0.25	)		—			(1.70	)
2021(4)		24.60		(0.01	)		(0.16	)		(0.17	)		—			—			(0.31	)

*	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)	Includes fees charged by the Fund custodian that were reimbursed by the custodian to the Fund subsequent to the reporting period.  Excluding these fees, the ratio to average net assets would have been 0.60%.
(2)	The Fund commenced operations on September 18, 2020.
(3)	Includes fees charged by the Fund custodian that were reimbursed by the custodian to the Fund subsequent to the reporting period. Excluding these fees, the ratio to average net assets would have been 0.60% and 0.61%.
(4)	The Fund commenced operations on August 25, 2021.

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

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

182

 

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 (Loss) to Average Net Assets (%)			Portfolio Turnover (%)††
	(0.88	)		29.41		16.23			114,422		0.57	†		0.43	†		10.43
	(1.53	)		26.07		21.43			102,179		0.60			0.27			28.03
	(3.06	)		22.80		(23.57	)		61,105		0.61	(1)		0.23			18.12
	(1.76	)		33.09		33.42			44,671		0.60			0.06			11.21
	(0.14	)		26.27		0.40			6,568		0.60	†		(0.10	)†		1.65
	(0.66	)		29.29		14.95			67,083		0.57	†		0.97	†		1.25
	(1.43	)		26.07		8.01			61,006		0.60			1.05			5.25
	(2.60	)		25.47		(12.63	)		41,511		0.61	(1)		0.94			9.36
	(1.37	)		31.83		35.18			35,018		0.60			0.74			12.17
	(0.14	)		24.69		(1.60	)		3,704		0.60	†		0.75	†		0.75
	(1.03	)		16.76		6.96			13,074		0.61	†		0.41	†		6.35
	(2.16	)		16.64		3.42			11,813		0.61	(3)		0.30			22.73
	(1.95	)		18.17		(17.24	)		10,720		0.62	(3)		0.19			27.40
	(0.31	)		24.12		(0.69	)		4,341		0.60	†		(0.15	)†		2.16

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

183

 

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 ($)			Distribution from Capital Gains ($)			Return of Capital ($)
Global X S&P 500® Risk Managed Income ETF
2024 (Unaudited)		18.56		0.09			1.23			1.32			(1.14	)		—			—
2023		21.05		0.22			(0.29	)		(0.07	)		(0.03	)		—			(2.39	)
2022		26.83		0.23			(3.38	)		(3.15	)		(0.52	)		(0.07	)		(2.04	)
2021(2)		26.77		0.03			0.39			0.42			(0.36	)		—			—
Global X Dow 30® Covered Call ETF
2024 (Unaudited)		20.89		0.16			1.75			1.91			(0.69	)		—			—
2023		21.89		0.34			0.38			0.72			(0.18	)		—			(1.54	)
2022(3)		24.13		0.22			(0.86	)		(0.64	)		(0.64	)		—			(0.96	)
Global X Russell 2000 Covered Call & Growth ETF
2024 (Unaudited)		22.38		0.14			2.88			3.02			(0.86	)		—			—
2023		26.58		0.28			(2.31	)		(2.03	)		(0.17	)		(0.82	)		(1.18	)
2022(6)		25.90		(0.01	)		0.82			0.81			(0.13	)		—			—

*	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)	Includes fees charged by the Fund custodian that were reimbursed by the custodian to the Fund subsequent to the reporting period.  Excluding these fees, the ratio to average net assets would have been 0.61%.
(2)	The Fund commenced operations on August 25, 2021.
(3)	The Fund commenced operations on February 23, 2022.
(4)	Includes fees charged by the Fund custodian that were reimbursed by the custodian to the Fund subsequent to the reporting period.  Excluding these fees, the ratio to average net assets would have been 0.60%.
(5)	The ratio of Expenses to Average Net Assets includes the effect of a waiver due to acquired fund fees and expenses. The ratio to Average Net Assets does not include acquired fund fees and expenses of the underlying investments, if applicable. If these offsets were excluded, the ratio would have been 0.60% and 0.60% for the year ended October 31, 2023 and the year ended October 31, 2022, respectively.
(6)	The Fund commenced operations on October 4, 2022.

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

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

184

 

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 (Loss) to Average Net Assets (%)			Portfolio Turnover (%)††
	(1.14	)		18.74		7.22			33,536		0.60	†		0.95	†		1.01
	(2.42	)		18.56		(0.61	)		27,098		0.60			1.08			4.85
	(2.63	)		21.05		(12.39	)		24,634		0.63	(1)		0.97			21.62
	(0.36	)		26.83		1.60			5,902		0.60	†		0.57	†		7.08
	(0.69	)		22.11		9.21			83,344		0.60	†		1.47	†		4.89
	(1.72	)		20.89		3.30			78,947		0.60			1.55			6.67
	(1.60	)		21.89		(2.77	)		52,985		0.61	†(4)		1.42	†		8.82
	(0.86	)		24.54		3.05			7,608		0.48	†		1.16	†		13.54
	(2.17	)		22.38		(8.16	)		8,279		0.50	(5)		1.11			5.48
	(0.13	)		26.58		3.14			2,658		0.50	†(5)		(0.50	)†		—

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

185

 

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 ($)			Distribution from Capital Gains ($)			Return of Capital ($)
Global X Financials Covered Call & Growth ETF
2024 (Unaudited)		22.30		0.16		3.70			3.86			(0.56	)		—			—
2023(1)		24.88		0.35		(1.66	)		(1.31	)		(0.85	)		—			(0.42	)
Global X Health Care Covered Call & Growth ETF
2024 (Unaudited)		23.42		0.14		2.29			2.43			(0.52	)		(0.59	)		—
2023(1)		25.06		0.27		(0.75	)		(0.48	)		(1.16	)		—			—
Global X Information Technology Covered Call & Growth ETF
2024 (Unaudited)		28.86		0.03		4.21			4.24			(1.96	)		(0.95	)		—
2023(1)		24.74		0.11		5.55			5.66			(1.54	)		—			—

*	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 21, 2022.
(2)	The ratio of Expenses to Average Net Assets includes the effect of a waiver due to acquired fund fees and expenses. The ratio to Average Net Assets does not include acquired fund fees and expenses of the underlying investments, if applicable. If these offsets were excluded, the ratio would have been 0.60% for the year ended October 31, 2023.

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

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

186

 

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 (%)††
	(0.56	)		25.60		17.41			2,560		0.55	†		1.26	†		1.44
	(1.27	)		22.30		(5.40	)		2,230		0.54	†(2)		1.55	†		16.45
	(1.11	)		24.74		10.46			2,721		0.55	†		1.14	†		1.42
	(1.16	)		23.42		(2.05	)		2,577		0.55	†(2)		1.16	†		6.85
	(2.91	)		30.19		14.84			6,641		0.55	†		0.21	†		4.11
	(1.54	)		28.86		23.27			3,463		0.55	†(2)		0.42	†		13.93

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

187

 

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 ($)			Distribution from Capital Gains ($)			Return of Capital ($)
Global X NASDAQ 100 ESG Covered Call ETF
2024 (Unaudited)		24.77		0.04		2.61			2.65			(1.22	)		(0.31	)		—
2023(1)		24.46		0.04		2.33			2.37			(2.06	)		—			—
Global X S&P 500 ESG Covered Call ETF
2024 (Unaudited)		23.79		0.11		2.46			2.57			(0.84	)		—			—
2023(1)		24.65		0.17		0.28			0.45			(0.45	)		—			(0.86	)
Global X Dow 30® Covered Call & Growth ETF
2024 (Unaudited)		24.20		0.20		2.77			2.97			(0.41	)		—			—
2023(2)		25.81		0.10		(1.48	)		(1.38	)		(0.09	)		—			(0.14	)

*	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 February 21, 2023.
(2)	The Fund commenced operations on July 25, 2023.

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

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

188

 

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 (%)††
	(1.53	)		25.89		10.85			2,330		0.60	†		0.31	†		12.67
	(2.06	)		24.77		9.67			2,478		0.61	†		0.21	†		11.82
	(0.84	)		25.52		10.89			1,276		0.60	†		0.90	†		10.27
	(1.31	)		23.79		1.79			2,379		0.60	†		1.00	†		13.87
	(0.41	)		26.76		12.28			2,676		0.57	†		1.48	†		4.57
	(0.23	)		24.20		(5.35	)		2,421		0.60	†		1.43	†		0.21

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

189

 

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 on Investments ($)		Total from Operations ($)		Distribution from Net Investment Income ($)			Distribution from Capital Gains ($)		Return of Capital ($)
Global X MSCI Emerging Markets Covered Call ETF
2024 (Unaudited)(1)		25.01		0.33		0.53		0.86		(1.39	)		—		—

*	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 7, 2023.

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

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

190

 

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 (%)††
	(1.39	)		24.48		3.57		1,958		0.51	†		2.76	†		3.17

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

191

Notes to Financial Statements

April 30, 2024 (Unaudited)

1. ORGANIZATION

The 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 (the “1940 Act”), as amended, as an open-end management investment company. As of April 30, 2024, the Trust had ninety-seven portfolios, ninety-one of which were operational. The financial statements herein and the related notes pertain to the Global X S&P 500^® Covered Call ETF, Global X NASDAQ 100^® Covered Call ETF, Global X Russell 2000 Covered Call ETF, Global X Nasdaq 100^® Covered Call & Growth ETF, Global X S&P 500^® Covered Call & Growth ETF, Global X NASDAQ 100^® Risk Managed Income ETF, Global X S&P 500^® Risk Managed Income ETF, Global X Dow 30^® Covered Call ETF, Global X Russell 2000 Covered Call & Growth ETF, Global X Financials Covered Call & Growth ETF, Global X Health Care Covered Call & Growth ETF, Global X Information Technology Covered Call & Growth ETF, Global X Nasdaq 100 ESG Covered Call ETF, Global X S&P 500 ESG Covered Call ETF, Global X Dow 30^® Covered Call & Growth ETF and Global X MSCI Emerging Markets Covered Call ETF (each a “Fund”, collectively, the “Funds”).

Each Fund (except the 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 and Global X S&P 500^® Risk Managed Income ETF) has elected non-diversified status under the 1940 Act

Global X Financials Covered Call & Growth ETF commenced operations on November 21, 2022.

Global X Health Care Covered Call & Growth ETF commenced operations on November 21, 2022.

Global X Information Technology Covered Call & Growth ETF commenced operations on November 21, 2022.

Global X Nasdaq 100 ESG Covered Call ETF commenced operations on February 21, 2023.

Global X S&P 500 ESG Covered Call ETF commenced operations on February 21, 2023.

Global X Dow 30^® Covered Call & Growth ETF commenced operations on July 25, 2023.

Global X MSCI Emerging Markets Covered Call ETF commenced operations on November 7, 2023.

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

192

Notes to Financial Statements (Continued)

April 30, 2024 (Unaudited)

1. ORGANIZATION (continued)

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 to the Reorganization. The Predecessor Funds had substantially similar investment objectives, investment strategies, policies and restrictions as those of the Successor Funds. The 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

193

Notes to Financial Statements (Continued)

April 30, 2024 (Unaudited)

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

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.

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 the NASDAQ Stock Market (“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 Eastern Time 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. 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.

Options traded on an exchange will be valued at the mean of the bid and ask quotations for the current day at the close of the market. If either the bid or the ask is not available, the last closing price will be used.

Securities for which market prices are not “readily available” are valued in accordance with fair value procedures (the “Fair Value Procedures”) established by Global X Management Company LLC, the Funds’ investment adviser (the “Adviser”), and approved by the Funds’

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Board of Trustees (the “Board”). Pursuant to Rule 2a-5 under the 1940 Act, the Board has designated the Adviser as the “valuation designee” to determine the fair value of securities and other instruments for which no readily available market quotations are available. The Fair Value Procedures are implemented through a fair value committee (the “Committee”) of the Adviser. 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 each Fund calculates its net asset value (“NAV”). 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 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 NAV, 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.

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 will be valued at their market value. Prices for most securities held by 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.

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 upon the sale of 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 gives the highest priority to quoted prices (unadjusted) in active markets for identical assets

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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 NAV 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 NAV 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 details of the investment classification, reference the Schedule of Investments.

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.

DUE TO/FROM BROKERS – Due to/from brokers includes cash and collateral balances with the Funds’ clearing brokers or counterparties as of April 30, 2024. 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”) or The Bank of New York Mellon (“BNY Mellon”), as appropriate, in their roles as Custodian to respective Funds (each, a “Custodian” and together, the “Custodians”), 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

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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. 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 the MRA with collateral held and/or posted to the counterparty and create one single net payment due to or from the Funds.

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.

As of and during the reporting period ended April 30, 2024, 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 an income tax expense on the Statements of Operations. During the reporting period, the Funds did not incur any interest or penalties.

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2. SIGNIFICANT ACCOUNTING POLICIES (continued)

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. Amortization of premiums and accretion of discounts is included in interest income.

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 the 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 charge and will be the same regardless of the number of Creation Units purchased by an Authorized Participant on the same day.

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An Authorized Participant who holds Creation Units and wishes to redeem at NAV would also pay a standard redemption fee per transaction to the Fund’s Custodian, 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, 2024		Redemption Fee
Global X S&P 500® Covered Call ETF		10,000	$	1,700	$	398,600	$	1,700
Global X NASDAQ 100® Covered Call ETF		10,000		300		173,800		300
Global X Russell 2000 Covered Call ETF		10,000		250		163,000		250
Global X Nasdaq 100® Covered Call & Growth ETF		10,000		250		294,100		250
Global X S&P 500® Covered Call & Growth ETF		10,000		800		292,900		800
Global X NASDAQ 100® Risk Managed Income ETF		10,000		250		167,600		250
Global X S&P 500® Risk Managed Income ETF		10,000		800		187,400		800
Global X Dow 30® Covered Call ETF		10,000		250		221,100		250
Global X Russell 2000 Covered Call & Growth ETF		10,000		250		245,400		250
Global X Financials Covered Call & Growth ETF		10,000		250		256,000		250
Global X Health Care Covered Call & Growth ETF		10,000		250		247,400		250
Global X Information Technology Covered Call & Growth ETF		10,000		250		301,900		250
Global X NASDAQ 100 ESG Covered Call ETF		10,000		250		258,900		250
Global X S&P 500 ESG Covered Call ETF		10,000		500		255,200		500
Global X Dow 30® Covered Call & Growth ETF		10,000		250		267,600		250
Global X MSCI Emerging Markets Covered Call ETF		10,000		50		244,800		50

CASH OVERDRAFT CHARGES – Per the terms of an agreement with BBH, if a Fund for which BBH is Custodian has a cash overdraft on a given day, it will be assessed an overdraft charge equal to the applicable BBH Base Rate plus 2.00%. Per the terms of an agreement with BNY Mellon, if a Fund for which BNY Mellon is Custodian has a cash overdraft, it will be charged interest at a rate then charged by BNY Mellon to its institutional custody clients in the relevant currency. Cash overdraft charges are included in custodian fees on the Statements of Operations.

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OPTIONS/SWAPTIONS WRITING/PURCHASING – 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.

The Global X S&P 500^® Covered Call ETF, Global X NASDAQ 100^® Covered Call ETF, Global X Russell 2000 Covered Call ETF, Global X Nasdaq 100^® Covered Call & Growth ETF, Global X S&P 500^® Covered Call & Growth ETF, Global X NASDAQ 100^® Risk Managed Income ETF, Global X S&P 500^® Risk Managed Income ETF, Global X Dow 30^® Covered Call ETF, Global X Russell 2000 Covered Call & Growth ETF, Global X Financials Covered Call & Growth ETF, Global X Health Care Covered Call & Growth ETF, Global X Information Technology Covered Call & Growth ETF, Global X Nasdaq 100 ESG Covered Call ETF, Global X S&P 500 ESG Covered Call ETF, Global X Dow 30^® Covered Call & Growth ETF and Global X MSCI Emerging Markets Covered Call 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

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even should the price of the underlying security decrease, exposing the Fund to downside risk in the underlying security.

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.

3. RELATED PARTIES 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.

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 respective 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) (“Supervision and Administration Fee”). 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, certain 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 S&P 500® Covered Call ETF	0.60%
Global X NASDAQ 100® Covered Call ETF	0.60%
Global X Russell 2000 Covered Call ETF(1)	0.60%
Global X NASDAQ 100® Covered Call & Growth ETF(2)	0.35%

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3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)

Global X S&P 500® Covered Call & Growth ETF(3)	0.35%
Global X NASDAQ 100® Risk Managed Income ETF	0.60%
Global X S&P 500® Risk Managed Income ETF	0.60%
Global X Dow 30® Covered Call ETF	0.60%
Global X Russell 2000 Covered Call & Growth ETF(4)	0.35%
Global X Financials Covered Call & Growth ETF(5)	0.60%
Global X Health Care Covered Call & Growth ETF(6)	0.60%
Global X Information Technology Covered Call & Growth ETF(7)	0.60%
Global X Nasdaq 100 ESG Covered Call ETF	0.60%
Global X S&P 500 ESG Covered Call ETF	0.60%
Global X Dow 30® Covered Call & Growth ETF(8)	0.35%
Global X MSCI Emerging Markets Covered Call ETF(9)	0.60%

⁽¹⁾ Pursuant to an Expense Limitation Agreement, the Adviser has contractually agreed to reimburse or waive fees and/or limit expenses for the Global X Russell 2000 Covered Call ETF to the extent necessary to assure that the operating expenses of the Global X Russell 2000 Covered Call ETF (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 average daily net assets of the Global X Russell 2000 Covered Call ETF per year until at least March 1, 2025.

⁽²⁾ Effective April 11, 2024, the Supervision and Administration Fee for the Global X NASDAQ 100^® Covered Call & Growth ETF was reduced to 0.35%. Prior to that, the Fund was subject to a Supervision and Administration Fee of 0.60%.

⁽³⁾ Effective April 11, 2024, the Supervision and Administration Fee for the Global X S&P 500^® Covered Call & Growth ETF was reduced to 0.35%. Prior to that, the Fund was subject to a Supervision and Administration Fee of 0.60%.

⁽⁴⁾ Effective April 11, 2024, the Supervision and Administration Fee for the Global X Russell 2000 Covered Call & Growth ETF was reduced to 0.35%. Prior to that, the Fund was subject to a Supervision and Administration Fee of 0.60%.

⁽⁵⁾ Pursuant to an Expense Limitation Agreement, the Adviser has contractually agreed to reimburse or waive fees and/or limit expenses for the Global X Financials Covered Call & Growth ETF to the extent necessary to assure that the operating expenses of the Global X Financials Covered Call & Growth ETF (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 average daily net assets of the Global X Financials Covered Call & Growth ETF per year until at least March 1, 2025.

⁽⁶⁾ Pursuant to an Expense Limitation Agreement, the Adviser has contractually agreed to reimburse or waive fees and/or limit expenses for the Global X Health Care Covered Call & Growth ETF to the extent necessary to assure that the operating expenses of the Global X Health Care Covered Call & Growth ETF (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%

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3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)

of the average daily net assets of the Global X Health Care Covered Call & Growth ETF per year until at least March 1, 2025.

⁽⁷⁾ Pursuant to an Expense Limitation Agreement, the Adviser has contractually agreed to reimburse or waive fees and/or limit expenses for the Global X Information Technology Covered Call & Growth ETF to the extent necessary to assure that the operating expenses of the Global X Information Technology Covered Call & Growth ETF (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 average daily net assets of the Global X Information Technology Covered Call & Growth ETF per year until at least March 1, 2025.

⁽⁸⁾ Effective April 11, 2024, the Supervision and Administration Fee for the Global X Dow 30^® Covered Call & Growth ETF was reduced to 0.35%. Prior to that, the Fund was subject to a Supervision and Administration Fee of 0.60%.

⁽⁹⁾ Pursuant to an Expense Limitation Agreement, the Adviser has contractually agreed to reimburse or waive fees and/or limit expenses for the Global X MSCI Emerging Markets Covered Call ETF to the extent necessary to assure that the operating expenses of the Global X MSCI Emerging Markets Covered Call ETF (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 average daily net assets of the Global X MSCI Emerging Markets Covered Call ETF per year until at least March 1, 2025.

SEI Investments Global Funds Services (“SEIGFS”) serves as sub-administrator to the Funds. As sub-administrator, SEIGFS provides the Funds with all 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 the Funds’ underwriter and distributor of Creation Units pursuant to a distribution agreement (the “Distribution Agreement”). SIDCO has no obligation to sell any specific quantity of Shares of the Funds.

SIDCO bears the following costs and expenses relating to the distribution of Shares: (i) the costs of processing and maintaining records of creations of Creation Units; (ii) all costs of maintaining the records required of a registered broker/dealer; (iii) the expenses of maintaining its registration or qualification as a dealer or broker under federal or state laws; (iv) filing fees; and (v) 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.

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3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)

BBH serves as custodian and transfer agent of the Global X S&P 500^® Covered Call ETF, Global X NASDAQ 100^® Covered Call ETF and Global X Russell 2000 Covered Call ETF. For the Funds for which it serves as custodian, BBH has agreed to (i) make receipts and disbursements of money on behalf of the Funds; (ii) collect and receive all income and other payments and distributions on account of the Funds’ portfolio investments; (iii) respond to correspondence from shareholders, security brokers and others relating to its duties; and (iv) 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 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. For the funds which it serves as transfer agent, BBH has agreed to (i) issue and redeem Shares of each Fund; (ii) make dividend and other distributions to shareholders of each Fund; (iii) respond to correspondence by shareholders and others relating to its duties; (iv) maintain shareholder accounts; and (v) 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.

For all Funds other than the Global X S&P 500^® Covered Call ETF, Global X NASDAQ 100^® Covered Call ETF and Global X Russell 2000 Covered Call ETF, BNY Mellon serves as custodian and transfer agent to the Trust on behalf of the Funds. As custodian, BNY Mellon may appoint domestic and foreign sub-custodians and use depositories from time to time to hold securities and other instruments purchased by the Trust in foreign countries and to hold cash and currencies for the Trust on behalf of the Funds. Under its transfer agency agreement with the Trust, BNY Mellon has undertaken with the Trust to provide the following services with respect to the Funds for which it serves as transfer agent: (i) perform and facilitate the performance of purchases and redemptions of Creation Units, (ii) prepare and transmit by means of Depository Trust Company’s book-entry system payments for dividends and distributions on or with respect to the Shares declared by the Trust on behalf of the Funds, as applicable, (iii) prepare and deliver reports, information and documents as specified in the transfer agency agreement, (iv) perform the customary services of a transfer agent and dividend disbursing agent, and (v) render certain other miscellaneous services as specified in the transfer agency agreement or as otherwise agreed upon.

The custodian, transfer agent and securities lending agent for the Global X Nasdaq 100® Covered Call & Growth ETF and Global X S&P 500® Covered Call & Growth ETF transitioned from BBH to BNY Mellon on or about November 8, 2023.

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4. INVESTMENT TRANSACTIONS

For the period ended April 30, 2024, 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 S&P 500® Covered Call ETF	$	46,186,754	$	426,243,474
Global X NASDAQ 100® Covered Call ETF		1,044,122,740		2,099,408,674
Global X Russell 2000 Covered Call ETF		103,502,350		323,640,313
Global X Nasdaq 100® Covered Call & Growth ETF		11,571,176		18,666,644
Global X S&P 500® Covered Call & Growth ETF		818,267		4,897,576
Global X NASDAQ 100® Risk Managed Income ETF		786,170		2,752,995
Global X S&P 500® Risk Managed Income ETF		312,017		5,085,755
Global X Dow 30® Covered Call ETF		4,119,196		11,175,858
Global X Russell 2000 Covered Call & Growth ETF		278,296		1,115,402
Global X Financials Covered Call & Growth ETF		36,040		227,731
Global X Health Care Covered Call & Growth ETF		38,925		197,211
Global X Information Technology Covered Call & Growth ETF		211,873		719,553
Global X NASDAQ 100 ESG Covered Call ETF		320,918		695,432
Global X S&P 500 ESG Covered Call ETF		192,360		420,698
Global X Dow 30® Covered Call & Growth ETF		121,620		212,090
Global X MSCI Emerging Markets Covered Call ETF		53,212		171,792

During the period ended April 30, 2024, there were no purchases or sales of long-term U.S. Government securities for the Funds.

For the period ended April 30, 2024, in-kind transactions associated with creations and redemptions were:

	Purchases		Sales		Realized Gain/(Loss)
Global X S&P 500® Covered Call ETF	$	54,893,125	$	194,155,108	$	56,167,268
Global X NASDAQ 100® Covered Call ETF		305,517,697		227,477,476		119,103,882
Global X Russell 2000 Covered Call ETF		93,919,150		132,116,552		14,813,908
Global X Nasdaq 100® Covered Call & Growth ETF		10,533,180		11,285,656		3,770,128
Global X S&P 500® Covered Call & Growth ETF		8,095,237		9,381,038		2,078,366
Global X NASDAQ 100® Risk Managed Income ETF		2,104,182		895,682		264,510
Global X S&P 500® Risk Managed Income ETF		7,447,441		1,113,077		336,593
Global X Dow 30® Covered Call ETF		4,939,905		5,179,944		1,251,082
Global X Russell 2000 Covered Call & Growth ETF		4,797,585		6,405,957		844,902
Global X Financials Covered Call & Growth ETF		251,618		251,618		42,579
Global X Health Care Covered Call & Growth ETF		–		–		–
Global X Information Technology Covered Call & Growth ETF		4,460,019		1,218,945		399,320
Global X NASDAQ 100 ESG Covered Call ETF		266,895		546,756		179,216
Global X S&P 500 ESG Covered Call ETF		–		1,282,973		253,246
Global X Dow 30® Covered Call & Growth ETF		–		–		–
Global X MSCI Emerging Markets Covered Call ETF		3,281,191		1,239,605		–

205

Notes to Financial Statements (Continued)

April 30, 2024 (Unaudited)

5. DERIVATIVE TRANSACTIONS

The following tables show the derivatives categorized by underlying risk exposure.

The fair value of derivative instruments as of April 30, 2024 was as follows:

	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location		Fair Value		and Liability Location		Fair Value
Derivatives not accounted for as hedging instruments:
Global X S&P 500® Covered Call ETF
Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	50,895,200
Total Derivatives not accounted for as hedging instruments		$	–			$	50,895,200
	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location		Fair Value		and Liability Location		Fair Value
Derivatives not accounted for as hedging instruments:
Global X NASDAQ 100® Covered Call ETF
Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	208,931,840
Total Derivatives not accounted for as hedging instruments		$	–			$	208,931,840
	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location		Fair Value		and Liability Location		Fair Value
Derivatives not accounted for as hedging instruments:
Global X Russell 2000 Covered Call ETF
Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	38,460,015
Total Derivatives not accounted for as hedging instruments		$	–			$	38,460,015
	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location		Fair Value		and Liability Location		Fair Value
Derivatives not accounted for as hedging instruments:
Global X Nasdaq 100® Covered Call & Growth ETF
Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	1,475,760
Total Derivatives not accounted for as hedging instruments		$	–			$	1,475,760

206

Notes to Financial Statements (Continued)

April 30, 2024 (Unaudited)

5. DERIVATIVE TRANSACTIONS (continued)

	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location		Fair Value		and Liability Location		Fair Value
Derivatives not accounted for as hedging instruments:
Global X S&P 500® Covered Call & Growth ETF
Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	605,680
Total Derivatives not accounted for as hedging instruments		$	–			$	605,680
	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location		Fair Value		and Liability Location		Fair Value
Derivatives not accounted for as hedging instruments:
Global X NASDAQ 100® Risk Managed Income ETF
Equity contracts	Investments purchased, at value	$	29,817	Equity contracts	Options written, at value	$	368,920
Total Derivatives not accounted for as hedging instruments		$	29,817			$	368,920
	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location		Fair Value		and Liability Location		Fair Value
Derivatives not accounted for as hedging instruments:
Global X S&P 500® Risk Managed Income ETF
Equity contracts	Investments purchased, at value	$	42,591	Equity contracts	Options written, at value	$	611,338
Total Derivatives not accounted for as hedging instruments		$	42,591			$	611,338
	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location		Fair Value		and Liability Location		Fair Value
Derivatives not accounted for as hedging instruments:
Global X Dow 30® Covered Call ETF
Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	834,000
Total Derivatives not accounted for as hedging instruments		$	–			$	834,000

207

Notes to Financial Statements (Continued)

April 30, 2024 (Unaudited)

5. DERIVATIVE TRANSACTIONS (continued)

	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location		Fair Value		and Liability Location		Fair Value
Derivatives not accounted for as hedging instruments:
Global X Russell 2000 Covered Call & Growth ETF
Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	104,068
Total Derivatives not accounted for as hedging instruments		$	–			$	104,068
	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location		Fair Value		and Liability Location		Fair Value
Derivatives not accounted for as hedging instruments:
Global X Financials Covered Call & Growth ETF
Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	26,881
Total Derivatives not accounted for as hedging instruments		$	–			$	26,881
	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location		Fair Value		and Liability Location		Fair Value
Derivatives not accounted for as hedging instruments:
Global X Health Care Covered Call & Growth ETF
Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	25,530
Total Derivatives not accounted for as hedging instruments		$	–			$	25,530
	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location		Fair Value		and Liability Location		Fair Value
Derivatives not accounted for as hedging instruments:
Global X Information Technology Covered Call & Growth ETF
Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	60,708
Total Derivatives not accounted for as hedging instruments		$	–			$	60,708

208

Notes to Financial Statements (Continued)

April 30, 2024 (Unaudited)

5. DERIVATIVE TRANSACTIONS (continued)

	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location		Fair Value		and Liability Location		Fair Value
Derivatives not accounted for as hedging instruments:
Global X NASDAQ 100 ESG Covered Call ETF
Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	57,295
Total Derivatives not accounted for as hedging instruments		$	–			$	57,295
	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location		Fair Value		and Liability Location		Fair Value
Derivatives not accounted for as hedging instruments:
Global X S&P 500 ESG Covered Call ETF
Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	20,160
Total Derivatives not accounted for as hedging instruments		$	–			$	20,160
	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location		Fair Value		and Liability Location		Fair Value
Derivatives not accounted for as hedging instruments:
Global X Dow 30® Covered Call & Growth ETF
Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	13,125
Total Derivatives not accounted for as hedging instruments		$	–			$	13,125
	Asset Derivatives				Liability Derivatives
	Statements of Assets				Statements of Assets
	and Liability Location		Fair Value		and Liability Location		Fair Value
Derivatives not accounted for as hedging instruments:
Global X MSCI Emerging Markets Covered Call ETF
Equity contracts	Investments purchased, at value	$	–	Equity contracts	Options written, at value	$	77,561
Total Derivatives not accounted for as hedging instruments		$	–			$	77,561

The effect of derivative instruments on the Statements of Operations for the period ended April 30, 2024:

Amount of realized gain or (loss) on derivatives recognized in income:

209

 

Notes to Financial Statements (Continued)

April 30, 2024 (Unaudited)

5. DERIVATIVE TRANSACTIONS (continued)

	Purchased Options			Written Options
Global X S&P 500® Covered Call ETF
Equity contracts	$	—		$	(251,792,963	)
Global X NASDAQ 100® Covered Call ETF
Equity contracts	$	—		$	(563,734,264	)
Global X Russell 2000 Covered Call ETF
Equity contracts	$	—		$	(139,179,246	)
Global X Nasdaq 100® Covered Call & Growth ETF
Equity contracts	$	—		$	(3,797,458	)
Global X S&P 500® Covered Call & Growth ETF
Equity contracts	$	—		$	(2,786,469	)
Global X NASDAQ 100® Risk Managed Income ETF
Equity contracts	$	(379,508	)	$	(862,687	)
Global X S&P 500® Risk Managed Income ETF
Equity contracts	$	(541,857	)	$	(2,475,144	)
Global X Dow 30® Covered Call ETF
Equity contracts	$	—		$	(5,287,852	)
Global X Russell 2000 Covered Call & Growth ETF
Equity contracts	$	—		$	(571,110	)
Global X Financials Covered Call & Growth ETF
Equity contracts	$	—		$	(146,643	)
Global X Health Care Covered Call & Growth ETF
Equity contracts	$	—		$	(51,629	)
Global X Information Technology Covered Call & Growth ETF
Equity contracts	$	—		$	(123,829	)
Global X NASDAQ 100 ESG Covered Call ETF
Equity contracts	$	—		$	(224,806	)
Global X S&P 500 ESG Covered Call ETF
Equity contracts	$	—		$	(176,102	)
Global X Dow 30® Covered Call & Growth ETF
Equity contracts	$	—		$	(79,415	)
Global X MSCI Emerging Markets Covered Call ETF
Equity contracts	$	—		$	(44,907	)

210

 

Notes to Financial Statements (Continued)

April 30, 2024 (Unaudited)

5. DERIVATIVE TRANSACTIONS (continued)

Change in unrealized appreciation or (depreciation) on derivatives recognized in income:

	Purchased Options			Written Options
Global X S&P 500® Covered Call ETF
Equity contracts	$	—		$	(38,815,183	)
Global X NASDAQ 100® Covered Call ETF
Equity contracts	$	—		$	(156,928,662	)
Global X Russell 2000 Covered Call ETF
Equity contracts	$	—		$	(27,322,566	)
Global X Nasdaq 100® Covered Call & Growth ETF
Equity contracts	$	—		$	(1,048,324	)
Global X S&P 500® Covered Call & Growth ETF
Equity contracts	$	—		$	(426,067	)
Global X NASDAQ 100® Risk Managed Income ETF
Equity contracts	$	(40,951	)	$	(246,256	)
Global X S&P 500® Risk Managed Income ETF
Equity contracts	$	(51,559	)	$	(374,762	)
Global X Dow 30® Covered Call ETF
Equity contracts	$	—		$	621,076
Global X Russell 2000 Covered Call & Growth ETF
Equity contracts	$	—		$	(48,087	)
Global X Financials Covered Call & Growth ETF
Equity contracts	$	—		$	(21,822	)
Global X Health Care Covered Call & Growth ETF
Equity contracts	$	—		$	(21,907	)
Global X Information Technology Covered Call & Growth ETF
Equity contracts	$	—		$	(1,156	)
Global X NASDAQ 100 ESG Covered Call ETF
Equity contracts	$	—		$	(41,594	)
Global X S&P 500 ESG Covered Call ETF
Equity contracts	$	—		$	(27,542	)
Global X Dow 30® Covered Call & Growth ETF
Equity contracts	$	—		$	9,508

211

 

Notes to Financial Statements (Continued)

April 30, 2024 (Unaudited)

5. DERIVATIVE TRANSACTIONS (continued)

	Purchased Options		Written Options
Global X MSCI Emerging Markets Covered Call ETF
Equity contracts	$	—	$	(30,268	)

The following table discloses the average monthly balances of the Funds’ options activity during the period ended April 30, 2024:

	Short Avg				Long Avg
Global X S&P 500® Covered Call ETF		$	(42,933,741	)		$	-
Global X NASDAQ 100® Covered Call ETF			(164,378,339	)			-
Global X Russell 2000 Covered Call ETF			(33,812,401	)			-
Global X Nasdaq 100® Covered Call & Growth ETF			(1,124,463	)			-
Global X S&P 500® Covered Call & Growth ETF			(496,612	)			-
Global X NASDAQ 100® Risk Managed Income ETF			(261,244	)			62,532
Global X S&P 500® Risk Managed Income ETF			(475,922	)			88,882
Global X Dow 30® Covered Call ETF			(877,712	)			-
Global X Russell 2000 Covered Call & Growth ETF			(107,511	)			-
Global X Financials Covered Call & Growth ETF			(18,758	)			-
Global X Health Care Covered Call & Growth ETF			(21,635	)			-
Global X Information Technology Covered Call & Growth ETF			(60,133	)			-
Global X Nasdaq 100 ESG Covered Call ETF			(46,983	)			-
Global X S&P 500 ESG Covered Call ETF			(19,027	)			-
Global X Dow 30® Covered Call & Growth ETF			(13,614	)			-
Global X MSCI Emerging Markets Covered Call ETF			(31,841	)			-

6. TAX INFORMATION

The following tax disclosures are representative as of October 31, 2023. 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, 2023.

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 distributable earnings (loss) or paid-in capital, as appropriate, in the period that the differences arise.

The tax character of dividends and distributions declared during the periods ended October 31, 2023 and October 31, 2022 were as follows:

Global X Funds	Ordinary Income		Long-Term Capital Gain		Return of Capital		Totals
Global X S&P 500® Covered Call ETF
2023	$	8,585,958	$	–	$	269,122,735	$	277,708,693

212

 

Notes to Financial Statements (Continued)

April 30, 2024 (Unaudited)

6. TAX INFORMATION (continued)

Global X Funds	Ordinary Income		Long-Term Capital Gain		Return of Capital		Totals
2022		35,714,783		–		133,893,882		169,608,665
Global X NASDAQ 100® Covered Call ETF
2023	$	–	$	–	$	875,982,507	$	875,982,507
2022		211,906,795		–		642,111,562		854,018,357
Global X Russell 2000 Covered Call ETF
2023	$	2,455,329	$	–	$	170,194,451	$	172,649,780
2022		32,998,311		–		105,055,357		138,053,668
Global X Nasdaq 100® Covered Call & Growth ETF
2023	$	–	$	–	$	4,776,529	$	4,776,529
2022		3,262,405		–		2,741,520		6,003,925
Global X S&P 500® Covered Call & Growth ETF
2023	$	376,487	$	–	$	2,498,448	$	2,874,935
2022		1,862,038		3,646		1,465,030		3,330,714
Global X NASDAQ 100® Risk Managed Income ETF
2023	$	–	$	–	$	1,196,718	$	1,196,718
2022		128,024		–		869,114		997,138
Global X S&P 500® Risk Managed Income ETF
2023	$	41,006	$	–	$	3,063,982	$	3,104,988
2022		472,058		–		1,738,194		2,210,252
Global X Dow 30® Covered Call ETF
2023	$	609,561	$	–	$	4,969,158	$	5,578,719
2022		734,788		–		1,115,840		1,850,628
Global X Russell 2000 Covered Call & Growth ETF
2023	$	101,250	$	2,217	$	152,549	$	256,016
2022		12,860		–		–		12,860
Global X Financials Covered Call & Growth ETF
2023	$	84,987	$	–	$	42,333	$	127,320
Global X Health Care Covered Call & Growth ETF
2023	$	122,360	$	–	$	–	$	122,360
Global X Information Technology Covered Call & Growth ETF
2023	$	166,221	$	–	$	–	$	166,221
Global X NASDAQ 100 ESG Covered Call ETF
2023	$	206,140	$	–	$	–	$	206,140
Global X S&P 500 ESG Covered Call ETF
2023	$	44,960	$	–	$	86,314	$	131,274
Global X Dow 30® Covered Call & Growth ETF
2023	$	9,566	$	–	$	13,830	$	23,396

As of October 31, 2023, the components of tax basis distributable earnings (accumulated losses) were as follows:

213

 

Notes to Financial Statements (Continued)

April 30, 2024 (Unaudited)

6. TAX INFORMATION (continued)

	Global X Funds
	Global X S&P 500® Covered Call ETF			Global X NASDAQ 100® Covered Call ETF			Global X Russell 2000 Covered Call ETF			Global X Nasdaq 100® Covered Call &  Growth ETF
Capital Loss Carryforwards	$	(110,562,611	)	$	(454,629,649	)	$	(289,416,145	)	$	(3,797,720	)
Unrealized Depreciation on Investments and Foreign Currency		(1	)		–			–			–
Other Temporary Differences		5,381			6			6			(1	)
Total Accumulated Losses	$	(110,557,231	)	$	(454,629,643	)	$	(289,416,139	)	$	(3,797,721	)
	Global X Funds
	Global X S&P 500® Covered Call & Growth ETF			Global X NASDAQ 100® Risk Managed Income ETF			Global X S&P 500® Risk Managed Income ETF			Global X Dow 30® Covered Call ETF
Capital Loss Carryforwards	$	(2,267,522	)	$	(2,285,474	)	$	(3,651,301	)	$	(294,284	)
Other Temporary Differences		–			1			–			–
Total Accumulated Losses	$	(2,267,522	)	$	(2,285,473	)	$	(3,651,301	)	$	(294,284	)
	Global X Funds
	Global X Russell 2000 Covered Call &  Growth ETF			Global X Financials Covered Call &  Growth ETF			Global X Health Care Covered Call &  Growth ETF			Global X Information Technology Covered Call &  Growth ETF
Undistributed Ordinary Income	$	–		$	–		$	64,863		$	123,784
Capital Loss Carryforwards		(329,834	)		–			–			–
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency		–			(215,889	)		(255,440	)		259,788
Other Temporary Differences		3			1			–			1
Total Distributable Earnings (Accumulated Losses)	$	(329,831	)	$	(215,888	)	$	(190,577	)	$	383,573
				Global X Funds
				Global X NASDAQ 100 ESG Covered Call ETF			Global X S&P 500 ESG Covered Call ETF			Global X Dow 30® Covered Call & Growth ETF
Undistributed Ordinary Income				$	31,264		$	–		$	–
Undistributed Long-Term Capital Gain					235			–			–
Capital Loss Carryforwards					–			–			(146,683	)
Other Temporary Differences					(1	)		(2	)		–
Total Distributable Earnings (Accumulated Losses)				$	31,498		$	(2	)	$	(146,683	)

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

214

 

Notes to Financial Statements (Continued)

April 30, 2024 (Unaudited)

6. TAX INFORMATION (continued)

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 S&P 500® Covered Call ETF(1)	$	–	$	110,562,611	$	110,562,611
Global X NASDAQ 100® Covered Call ETF(2)		–		454,629,649		454,629,649
Global X Russell 2000 Covered Call ETF(3)		115,766,458		173,649,687		289,416,145
Global X Nasdaq 100® Covered Call & Growth ETF(4)		–		3,797,720		3,797,720
Global X S&P 500® Covered Call & Growth ETF(5)		–		2,267,522		2,267,522
Global X NASDAQ 100® Risk Managed Income ETF(6)		748,175		1,537,299		2,285,474
Global X S&P 500® Risk Managed Income ETF(7)		1,460,937		2,190,364		3,651,301
Global X Dow 30® Covered Call ETF		50,267		244,017		294,284
Global X Russell 2000 Covered Call & Growth ETF		131,934		197,900		329,834
Global X Dow 30® Covered Call & Growth ETF		58,673		88,010		146,683

⁽¹⁾ The prior year ending balances of $96,805,692 (ST) and $145,227,280 (LT) (not presented herein), have been revised to correct for an error in the accounting for the mixed straddle election. The “as revised” balances (also not presented herein) are $86,965,261 (ST) and $130,466,633 (LT). Additionally, the same error resulted in Accumulated Losses and Paid in Capital, as presented on the Statement of Assets and Liabilities as of October 31, 2022, being understated and overstated, respectively, by an equal and offsetting amount totaling $24,601,078. Management has determined that the impact of these errors are not material to the prior year financial statements.

⁽²⁾ The prior year ending balances of $656,016,216 (ST) and $984,024,325 (LT) (not presented herein), have been revised to correct for an error in the accounting for the mixed straddle election. The “as revised” balances (also not presented herein) are $574,804,574 (ST) and $862,206,861 (LT). Additionally, the same error resulted in Accumulated Losses and Paid in Capital, as presented on the Statement of Assets and Liabilities as of October 31, 2022, being understated and overstated, respectively, by an equal and offsetting amount totaling $203,029,105. Management has determined that the impact of these errors are not material to the prior year financial statements.

⁽³⁾ The prior year ending balances of $66,140,478 (ST) and $99,210,716 (LT) (not presented herein), have been revised to correct for an error in the accounting for the mixed straddle election. The “as revised” balances (also not presented herein) are $65,115,657 (ST) and $97,673,485 (LT). Additionally, the same error resulted in Accumulated Losses and Paid in Capital, as presented on the Statement of Assets and Liabilities as of October 31, 2022, being understated and overstated, respectively, by an equal and offsetting amount totaling $2,562,052. Management has determined that the impact of these errors are not material to the prior year financial statements.

⁽⁴⁾ The prior year ending balances of $7,919,707 (ST) and $11,879,561 (LT) (not presented herein), have been revised to correct for an error in the accounting for the mixed straddle election. The “as revised” balances (also not presented herein) are $6,622,752 (ST) and $9,934,128 (LT). Additionally, the same error resulted in Accumulated Losses and Paid in Capital, as presented on the Statement of

215

 

Notes to Financial Statements (Continued)

April 30, 2024 (Unaudited)

6. TAX INFORMATION (continued)

Assets and Liabilities as of October 31, 2022, being understated and overstated, respectively, by an equal and offsetting amount totaling $3,242,388. Management has determined that the impact of these errors are not material to the prior year financial statements.

⁽⁵⁾ The prior year ending balances of $2,881,662 (ST) and $4,323,051 (LT) (not presented herein), have been revised to correct for an error in the accounting for the mixed straddle election. The “as revised” balances (also not presented herein) are $2,121,596 (ST) and $3,182,952 (LT). Additionally, the same error resulted in Accumulated Losses and Paid in Capital, as presented on the Statement of Assets and Liabilities as of October 31, 2022, being understated and overstated, respectively, by an equal and offsetting amount totaling $1,900,165. Management has determined that the impact of these errors are not material to the prior year financial statements.

⁽⁶⁾ The prior year ending balances of $918,195 (ST) and $1,377,293 (LT) (not presented herein), have been revised to correct for an error in the accounting for the mixed straddle election. The “as revised” balances (also not presented herein) are $970,602 (ST) and $1,455,902 (LT). Additionally, the same error resulted in Accumulated Losses and Paid in Capital, as presented on the Statement of Assets and Liabilities as of October 31, 2022, being understated and overstated, respectively, by an equal and offsetting amount totaling $131,015. Management has determined that the impact of these errors are not material to the prior year financial statements.

⁽⁷⁾ The prior year ending balances of $1,478,770 (ST) and $2,218,198 (LT) (not presented herein), have been revised to correct for an error in the accounting for the mixed straddle election. The “as revised” balances (also not presented herein) are $1,223,164 (ST) and $1,834,789 (LT). Additionally, the same error resulted in Accumulated Losses and Paid in Capital, as presented on the Statement of Assets and Liabilities as of October 31, 2022, being understated and overstated, respectively, by an equal and offsetting amount totaling $639,015. Management has determined that the impact of these errors are not material to the prior year financial statements.

The Federal tax cost basis of investments and aggregate gross unrealized appreciation and depreciation on investments held by the Funds at April 30, 2024 were as follows:

Global X Funds	Federal Tax Cost		Aggregated Gross Unrealized Appreciation		Aggregated Gross Unrealized Depreciation			Net Unrealized Appreciation
Global X S&P 500® Covered Call ETF	$	2,241,081,989	$	676,338,310	$	(82,204,801	)	$	594,133,509
Global X NASDAQ 100® Covered Call ETF		5,696,253,281		2,554,636,977		(101,251,130	)		2,453,385,847
Global X Russell 2000 Covered Call ETF		1,321,967,515		263,744,067		(160,615,647	)		103,128,420
Global X Nasdaq 100® Covered Call & Growth ETF		94,190,014		25,096,691		(3,511,035	)		21,585,656
Global X S&P 500® Covered Call & Growth ETF		61,036,298		10,246,012		(3,657,797	)		6,588,215
Global X NASDAQ 100® Risk Managed Income ETF		11,314,429		2,643,413		(534,040	)		2,109,373

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Notes to Financial Statements (Continued)

April 30, 2024 (Unaudited)

6. TAX INFORMATION (continued)

Global X Funds	Federal Tax Cost		Aggregated Gross Unrealized Appreciation		Aggregated Gross Unrealized Depreciation			Net Unrealized Appreciation
Global X S&P 500® Risk Managed Income ETF	$	29,010,494	$	6,365,629	$	(1,277,636	)	$	5,087,993
Global X Dow 30® Covered Call ETF		72,759,116		12,461,475		(1,088,090	)		11,373,385
Global X Russell 2000 Covered Call & Growth ETF		7,004,621		697,330		–			697,330
Global X Financials Covered Call & Growth ETF		2,265,677		337,179		(18,254	)		318,925
Global X Health Care Covered Call & Growth ETF		2,636,278		227,282		(119,305	)		107,977
Global X Information Technology Covered Call & Growth ETF		6,128,804		603,803		(37,151	)		566,652
Global X NASDAQ 100 ESG Covered Call ETF		1,964,242		474,755		(55,647	)		419,108
Global X S&P 500 ESG Covered Call ETF		1,144,397		191,829		(40,117	)		151,712
Global X Dow 30® Covered Call & Growth ETF		2,522,370		252,636		(86,861	)		165,775
Global X MSCI Emerging Markets Covered Call ETF		1,926,482		103,363		–			103,363

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, wash sales, late year loss deferrals and differences due to preferred debt securities.

7. 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 market countries are less liquid, subject to greater price volatility, and have a smaller market capitalization than the 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 market country issuers may not reflect their financial position or results of operations in the same manner as financial statements for U.S. issuers.

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Notes to Financial Statements (Continued)

April 30, 2024 (Unaudited)

7. CONCENTRATION OF RISKS (continued)

Substantially less information may be publicly available about emerging market 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, 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.

Except for the Global X Russell 2000 Covered Call ETF, the Global X Russell 2000 Covered Call & Growth ETF, the Global X Financials Covered Call & Growth ETF, the Global X Health Care Covered Call & Growth ETF, the Global X Information Technology Covered Call & Growth ETF and the Global X MSCI Emerging Markets Covered Call ETF, which use 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).

Certain Funds may invest in commodity related securities, which are susceptible to fluctuations in certain commodity markets. Any negative changes in commodity markets could have a great impact on those securities.

Certain Funds may have investments in financial instruments that utilize the London Interbank Offered Rate (“LIBOR”) as the reference or benchmark rate for variable interest rate calculations. LIBOR was intended to measure the rate generally at which banks can lend and borrow from one another in the relevant currency on an unsecured basis. The UK Financial Conduct Authority (“FCA”), the regulator that oversees LIBOR, announced that the majority of LIBOR rates would cease to be published or would no longer be representative on January 1, 2022. The publication of most LIBOR rates ceased at the end of 2021, and the remaining USD LIBOR rates ceased to be published after June 2023.There remains uncertainty and risks relating to the continuing LIBOR transition and its effects on the Funds and the instruments in which the Funds invest. There can be no assurance that the composition or characteristics of any alternative reference rates (“ARRs”) or financial instruments in which the Funds invest that utilize ARRs will be similar to or produce

218

 

Notes to Financial Statements (Concluded)

April 30, 2024 (Unaudited)

7. CONCENTRATION OF RISKS (continued)

the same value or economic equivalence as LIBOR or that these instruments will have the same volume or liquidity. Additionally, there remains uncertainty and risks relating to certain “legacy” USD LIBOR instruments that were issued or entered into before December 31, 2021 and the process by which a replacement interest rate will be identified and implemented into these instruments when USD LIBOR is ultimately discontinued. On December 16, 2022, the Federal Reserve Board adopted regulations implementing the Adjustable Interest Rate Act. The regulations provide a statutory fallback mechanism to replace LIBOR, by identifying benchmark rates based on the Secured Overnight Financing Rate (“SOFR”) that replaced LIBOR in certain financial contracts after June 30, 2023. These regulations apply only to contracts governed by U.S. law, among other limitations. The Funds may have instruments linked to other interbank offered rates that may also cease to be published in the future. The effects of such uncertainty and risks in “legacy” USD LIBOR instruments held by the Funds could result in losses to the Funds.

Please refer to each Fund’s prospectus and statement of additional information (“SAI”) for a more complete description of risks.

8. CONTRACTUAL OBLIGATION

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 and the Trust’s officers are indemnified against certain liabilities that may arise out of the performance of their duties.

9. 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.

219

 

Disclosure of Fund Expenses (Unaudited)

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, brokerage fees, 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 your 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 from (November 1, 2023 through April 30, 2024).

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 a 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.

220

 

Disclosure of Fund Expenses (Unaudited) (Continued)

	Beginning Account Value 11/1/2023		Ending Account   Value 4/30/2024		Annualized Expense Ratios			Expenses Paid During Period(1)
Global X S&P 500® Covered Call ETF
Actual Fund Return	$	1,000.00	$	1,093.20		0.60	%	$	3.12
Hypothetical 5% Return		1,000.00		1,021.88		0.60			3.02
Global X NASDAQ 100® Covered Call ETF
Actual Fund Return	$	1,000.00	$	1,110.70		0.60	%	$	3.15
Hypothetical 5% Return		1,000.00		1,021.88		0.60			3.02
Global X Russell 2000 Covered Call ETF
Actual Fund Return	$	1,000.00	$	1,075.20		0.58	%	$	2.99
Hypothetical 5% Return		1,000.00		1,021.98		0.58			2.92
Global X Nasdaq 100® Covered Call & Growth ETF
Actual Fund Return	$	1,000.00	$	1,162.30		0.57	%	$	3.06
Hypothetical 5% Return		1,000.00		1,022.03		0.57			2.87
Global X S&P 500® Covered Call & Growth ETF
Actual Fund Return	$	1,000.00	$	1,149.50		0.57	%	$	3.05
Hypothetical 5% Return		1,000.00		1,022.03		0.57			2.87
Global X NASDAQ 100® Risk Managed Income ETF
Actual Fund Return	$	1,000.00	$	1,069.60		0.61	%	$	3.14
Hypothetical 5% Return		1,000.00		1,021.83		0.61			3.07
Global X S&P 500® Risk Managed Income ETF
Actual Fund Return	$	1,000.00	$	1,072.20		0.60	%	$	3.09
Hypothetical 5% Return		1,000.00		1,021.88		0.60			3.02
Global X Dow 30® Covered Call ETF
Actual Fund Return	$	1,000.00	$	1,092.10		0.60	%	$	3.12
Hypothetical 5% Return		1,000.00		1,021.88		0.60			3.02
Global X Russell 2000 Covered Call & Growth ETF
Actual Fund Return	$	1,000.00	$	1,135.40		0.48	%	$	2.55
Hypothetical 5% Return		1,000.00		1,022.48		0.48			2.41
Global X Financials Covered Call & Growth ETF
Actual Fund Return	$	1,000.00	$	1,174.10		0.55	%	$	2.97
Hypothetical 5% Return		1,000.00		1,022.13		0.55			2.77

221

 

Disclosure of Fund Expenses (Unaudited) (Concluded)

	Beginning Account Value 11/1/2023		Ending Account Value 4/30/2024		Annualized Expense Ratios			Expenses Paid During Period(1)
Global X Health Care Covered Call & Growth ETF
Actual Fund Return	$	1,000.00	$	1,104.60		0.55	%	$	2.88
Hypothetical 5% Return		1,000.00		1,022.13		0.55			2.77
Global X Information Technology Covered Call & Growth ETF
Actual Fund Return	$	1,000.00	$	1,148.40		0.55	%	$	2.94
Hypothetical 5% Return		1,000.00		1,022.13		0.55			2.77
Global X NASDAQ 100 ESG Covered Call ETF
Actual Fund Return	$	1,000.00	$	1,108.50		0.60	%	$	3.15
Hypothetical 5% Return		1,000.00		1,021.88		0.60			3.02
Global X S&P 500 ESG Covered Call ETF
Actual Fund Return	$	1,000.00	$	1,108.90		0.60	%	$	3.15
Hypothetical 5% Return		1,000.00		1,021.88		0.60			3.02
Global X Dow 30® Covered Call & Growth ETF
Actual Fund Return	$	1,000.00	$	1,122.80		0.57	%	$	3.01
Hypothetical 5% Return		1,000.00		1,022.03		0.57			2.87
Global X MSCI Emerging Markets Covered Call ETF*
Actual Fund Return	$	1,000.00	$	1,035.70		0.51	%	$	2.48	(2)
Hypothetical 5% Return		1,000.00		1,021.47		0.51			2.46

(1)	Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period).
(2)	Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied by 175/366 (to reflect the one-half year period).
*	The Fund commenced operations on 11/7/2023.

222

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 on November 11, 2022 (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 MSCI Emerging Markets Covered Call ETF (the “New Fund”); and (ii) the initial Supervision and Administration Agreement ("New Supervision and Administration Agreement"), each between the Trust, on behalf of the New Fund, and 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 on November 16, 2023, 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 and the New Investment Advisory Agreement, as applicable (the “Renewal Investment Advisory Agreement”) for each Fund included in this Semi-Annual Report (each, a “Renewal Fund” and together, the “ Renewal Funds”); and (ii) the Supervision and Administration Agreement (“Renewal Supervision and Administration Agreement”), each between the Trust, 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 November 11, 2022 and November 16, 2023 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, as well as supporting materials relating to those requests for information. Subsequent to the receipt of that information for the November 16, 2023 Board meeting, the Independent Trustees requested additional information regarding certain changes in senior management of Global X Management, which was provided to them in advance of the Board meeting.

At the November 16, 2023 Board meeting, the Board approved the Renewal Agreements, for the period ending February 29, 2024, in order to ensure continuity of management of the Renewal Funds. However, the Independent Trustees also determined to postpone a vote on the renewal of the Renewal Agreements for a full annual period in order to provide the Independent Trustees with the opportunity to further consider certain changes in Global X Management’s senior leadership, which occurred approximately contemporaneously

223

Approval of Investment Advisory Agreement (Unaudited) (Continued)

with the Board’s consideration of the Renewal Agreements, and in order to permit Global X Management to confirm certain information provided in advance of the November 16, 2023 Board meeting. Global X Management subsequently provided additional information to the Board in advance of a second meeting called for the purpose of considering the extension of the Renewal Agreements for a full year. At a Board meeting of the Trust held on December 21, 2023, the Trust’s Board, which was comprised entirely of Independent Trustees, unanimously approved the continuation of the Renewal Agreements for an aggregate one-year period ending November 30, 2024.

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.

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

224

Approval of Investment Advisory Agreement (Unaudited) (Continued)

	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.

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 each respective New Fund Agreement for the various investment advisory, supervisory and administrative services that the New Fund requires 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/

225

Approval of Investment Advisory Agreement (Unaudited) (Continued)

	or focused ETFs, and/or other similar registered funds. The Board considered that the proposed Management Fee for the New Fund was below the average and median of the New Fund’s peer group;
•	the structure of the proposed unitary Management Fee (which includes as one component the proposed investment advisory fee for the New Fund) and the expected total expense ratios for the New Fund. In this regard, the Board took into consideration that the purpose of adopting a unitary Management Fee structure for the New Fund 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 New Fund and that the proposed Management Fee for the New Fund was set at a competitive level to make the New Fund 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 Meeting, that the services to be received and the fees to be charged under the applicable 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 grew 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 is attractive to investors; and

• 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.

226

Approval of Investment Advisory Agreement (Unaudited) (Continued)

Other Benefits

In considering the New Fund Agreements, 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;

• 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. In considering the key personnel, the Board considered the departures of certain key executives of Global X Management and their replacements, and the plan for identifying a permanent replacement for Global X Management’s chief executive officer;

• 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

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Approval of Investment Advisory Agreement (Unaudited) (Continued)

	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. In evaluating key personnel, the Board considered the qualifications of Global X Management’s chief operating officer and interim chief executive officer, and considered Global X Management’s plans for hiring a permanent chief executive officer.

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.

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 overperformance with respect to the competitor funds. The Board also considered the Renewal Funds’ tracking against their underlying indexes in absolute terms, and in the case of passively managed ETFs, considered their tracking against their underlying indexes.

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

228

Approval of Investment Advisory Agreement (Unaudited) (Continued)

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.

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

• 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

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Approval of Investment Advisory Agreement (Unaudited) (Concluded)

extraordinary expenses.

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.

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.

230

Supplemental Information (unaudited)

NAV is the price per Share at which the Funds issue and redeem 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. A 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.

231

Notes

232

Notes

233

Notes

234

605 3rd Avenue, 43rd Floor
New York, NY 10158

1-888-493-8631
www.globalxetfs.com

Investment Adviser and Administrator:

Global X Management Company LLC
605 3rd 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

Custodians and Transfer Agents:

Brown Brothers Harriman & Co.
40 Water Street
Boston, MA 02109

The Bank of New York Mellon
240 Greenwich Street
New York, NY 10286

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-012-0100

(b) Not applicable.

Item 2. Code of Ethics.

Not applicable for semi-annual report.

Item 3. Audit Committee Financial Expert.

Not applicable for semi-annual report.

Item 4. Principal Accountant Fees and Services.

Not applicable for semi-annual report.

Item 5. Audit Committee of Listed Registrants.

Not applicable for semi-annual report.

Item 6. Investments.

Schedule of Investments is included as part of the report to shareholders filed under Item 1 of this form.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable to open-end management investment companies.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable to open-end management investment companies.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable to open-end management investment companies.

Item 10. Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board of directors.

Item 11. Controls and Procedures.

(a) The certifying officers, whose certifications are included herewith, have evaluated the registrant’s disclosure controls and procedures within 90 days of the filing date of this report. In their opinion, based on their evaluation, the registrant’s disclosure controls and procedures are adequately designed, and are operating effectively to ensure, that information required to be disclosed by the registrant in the reports it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms.

(b) There were no significant changes in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Not applicable to open-end management investment companies.

Item 18. Recovery of Erroneously Awarded Compensation.

(a) Not applicable.

(b) Not applicable.

Item 19. Exhibits.

(a)(1) Not applicable.

(a)(2) Not applicable.

(a)(3) A separate certification for the principal executive officer and the principal financial officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended (17 CFR § 270.30a-2(a)), are filed herewith.

(b) Officer certifications as required by Rule 30a-2(b) under the Investment Company Act of 1940, as amended (17 CFR § 270.30a-2(b)) also accompany this filing as exhibits.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)	Global X Funds
By (Signature and Title)	/s/ Ryan O’Connor
	Ryan O’Connor Principal Executive Officer

Date: July 8, 2024

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)	/s/ Ryan O’Connor
	Ryan O’Connor Principal Executive Officer

Date: July 8, 2024

By (Signature and Title)	/s/ Eric Olsen
	Eric Olsen Principal Financial Officer

Date: July 8, 2024