N-Q 1 g06695nvq.txt FORM N-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------- FORM N-Q ---------- CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES INVESTMENT COMPANY ACT FILE NUMBER 811-06400 THE GLOBAL X FUNDS (Exact name of registrant as specified in charter) ---------- 410 Park Avenue, 4th Floor New York, NY 10022 (Address of principal executive offices) (Zip code) SEI Investments Global Fund Services One Freedom Valley Drive Oaks, PA 19456 (Name and address of agent for service) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (888) 493-8631 DATE OF FISCAL YEAR END: OCTOBER 31, 2010 DATE OF REPORTING PERIOD: JULY 31, 2010 ITEM 1. SCHEDULE OF INVESTMENTS (GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X SILVER MINERS ETF
SHARES VALUE ------------- ------------- COMMON STOCK -- 99.1% CANADA-- 54.1% Basic Materials -- 54.1% Alexco Resource * ........................... 185,000 $ 569,800 Bear Creek Mining * ......................... 199,800 709,338 ECU Silver Mining * ......................... 1,036,000 594,534 Endeavour Silver * .......................... 182,040 602,552 Excellon Resources * ........................ 877,640 691,459 First Majestic Silver * ..................... 307,100 1,191,838 Fortuna Silver Mines * ...................... 373,700 756,051 Gammon Gold * ............................... 347,800 2,069,410 Great Panther Silver * ...................... 373,700 261,710 Impact Silver * ............................. 140,600 123,082 MAG Silver * ................................ 171,680 1,035,230 Minefinders * ............................... 222,000 1,902,540 Orko Silver * ............................... 392,200 526,443 Pan American Silver ......................... 261,220 5,997,611 Scorpio Mining * ............................ 370,000 241,124 Silver Standard Resources * ................. 133,940 2,191,258 Silver Wheaton * ............................ 381,100 7,183,735 Silvercorp Metals ........................... 349,650 2,293,704 ------------- TOTAL CANADA ................................... 28,941,419 ------------- MEXICO-- 11.3% Basic Materials -- 11.3% Industrias Penoles .......................... 288,600 6,046,822 ------------- PERU-- 4.3% Basic Materials -- 4.3% Hochschild Mining * ......................... 510,600 2,318,033 ------------- RUSSIA-- 5.3% Basic Materials -- 5.3% Polymetal GDR * ............................. 216,450 2,837,660 ------------- UNITED KINGDOM-- 15.3% Basic Materials -- 15.3% Fresnillo * ................................. 504,680 8,162,346 ------------- UNITED STATES-- 8.8% Basic Materials -- 8.8% Coeur d'Alene Mines * ....................... 155,400 2,366,742 Hecla Mining * .............................. 449,180 2,218,949 Mines Management * .......................... 62,900 97,495 ------------- TOTAL UNITED STATES ............................ 4,683,186 ------------- TOTAL COMMON STOCK (Cost $55,140,177) .......................... 52,989,466 -------------
(GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X SILVER MINERS ETF
FACE AMOUNT VALUE ------------- ------------- TIME DEPOSIT -- 0.3% Brown Brothers, 0.030% (Cost $164,512) .......................... $ 164,512 $ 164,512 ------------- TOTAL INVESTMENTS -- 99.4% (Cost $55,304,689)++ ........................ $ 53,153,978 =============
PERCENTAGES ARE BASED ON NET ASSETS OF $53,454,235. * NON-INCOME PRODUCING SECURITY. ++ AT JULY 31, 2010, THE TAX BASIS COST OF THE FUND'S INVESTMENTS WAS $55,304,689, AND THE UNREALIZED APPRECIATION AND DEPRECIATION WERE $2,862,599 AND $(5,013,310) RESPECTIVELY. GDR -- GLOBAL DEPOSITARY RECEIPT The following is a summary of the inputs used as of July 31, 2010, in valuing the Fund's investments carried at value:
Level 1 Level 2 Level 3 Total ----------- -------- ------- ----------- Investments in Securities Common Stock $52,989,466 $ -- $-- $52,989,466 Time Deposit -- 164,512 -- 164,512 ----------- -------- --- ----------- Total Investments in Securities $52,989,466 $164,512 $-- $53,153,978 =========== ======== === ===========
FOR INFORMATION ON THE FUND'S POLICY REGARDING VALUATION OF INVESTMENTS AND OTHER SIGNIFICANT ACCOUNTING POLICIES, PLEASE REFER TO THE FUND'S MOST RECENT SEMI-ANNUAL OR ANNUAL FINANCIAL STATEMENTS. GLX-QH-001-0300 (GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X LITHIUM ETF
SHARES VALUE ------------- ------------- COMMON STOCK -- 98.7% AUSTRALIA-- 3.7% Basic Materials -- 3.7% Galaxy Resources * .......................... 254,980 $ 266,346 Orocobre * .................................. 72,930 135,213 ------------- TOTAL AUSTRALIA ................................ 401,559 ------------- CANADA-- 6.3% Basic Materials -- 4.7% Avalon Rare Metals * ........................ 117,715 306,854 Canada Lithium * ............................ 200,850 121,124 Lithium One * ............................... 86,320 84,800 ------------- 512,778 ------------- Industrials -- 1.6% Electrovaya * ............................... 70,655 167,686 ------------- TOTAL CANADA ................................... 680,464 ------------- HONG KONG-- 3.2% Consumer Goods -- 3.2% Coslight Technology International Group ..... 394,900 343,188 ------------- UNITED STATES-- 85.5% Basic Materials -- 44.5% FMC ......................................... 28,730 1,795,338 Rockwood Holdings * ......................... 29,705 867,683 Sociedad Quimica y Minera de Chile ADR ...... 56,680 2,153,273 ------------- 4,816,294 ------------- Consumer Goods -- 14.2% Exide Technologies * ........................ 82,810 498,516 GS Yuasa .................................... 72,540 468,542 Sanyo Electric * ............................ 362,700 570,983 ------------- 1,538,041 ------------- Industrials -- 26.8% A123 Systems * .............................. 50,700 546,546 Advanced Battery Technologies * ............. 146,380 518,185 China BAK Battery * ......................... 183,495 282,582 Ener1 * ..................................... 151,060 493,966 Saft Groupe ................................. 15,080 516,873 Ultralife * ................................. 67,795 311,857 Valence Technology * ........................ 324,220 233,439 ------------- 2,903,448 ------------- TOTAL UNITED STATES ............................ 9,257,783 ------------- TOTAL COMMON STOCK (Cost $10,449,665) .......................... 10,682,994 -------------
(GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X LITHIUM ETF
FACE AMOUNT VALUE ------------- ------------- U.S. TREASURY OBLIGATION -- 13.0% United States Treasury Bill 0.060%, 08/12/10(A) (Cost $1,399,974) ..................... $ 1,400,000 $ 1,399,958 ------------- TOTAL INVESTMENTS -- 111.7% (Cost $11,849,639)++ ........................ $ 12,082,952 =============
PERCENTAGES ARE BASED ON NET ASSETS OF $10,821,553. * NON-INCOME PRODUCING SECURITY. (A) ZERO COUPON SECURITY. THE RATE REPORTED ON THE SCHEDULE OF INVESTMENTS IS THE EFFECTIVE YIELD AT TIME OF PURCHASE. ++ AT JULY 31, 2010, THE TAX BASIS COST OF THE FUND'S INVESTMENTS WAS $11,849,639, AND THE UNREALIZED APPRECIATION AND DEPRECIATION WERE $290,222 AND $(56,909) RESPECTIVELY. ADR -- AMERICAN DEPOSITARY RECEIPT The following is a summary of the inputs used as of July 31, 2010, in valuing the Fund's investments carried at value:
Level 1 Level 2 Level 3 Total ----------- ---------- ------- ----------- Investments in Securities Common Stock $10,682,994 $ -- $-- $10,682,994 U.S. Treasury Obligation -- 1,399,958 -- 1,399,958 ----------- ---------- --- ----------- Total Investments in Securities $10,682,994 $1,399,958 $-- $12,082,952 =========== ========== === ===========
FOR INFORMATION ON THE FUND'S POLICY REGARDING VALUATION OF INVESTMENTS AND OTHER SIGNIFICANT ACCOUNTING POLICIES, PLEASE REFER TO THE FUND'S MOST RECENT SEMI-ANNUAL OR ANNUAL FINANCIAL STATEMENTS. GLX-QH-001-0300 (GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X COPPER MINERS ETF
SHARES VALUE ------------- ------------- COMMON STOCK -- 100.0% AUSTRALIA-- 13.6% Basic Materials -- 13.6% Aditya Birla Minerals * ..................... 18,900 $ 15,213 Cudeco * .................................... 7,200 30,214 Equinox Minerals * .......................... 25,050 113,543 OZ Minerals ................................. 93,600 104,121 ------------- TOTAL AUSTRALIA ................................ 263,091 ------------- CANADA-- 40.6% Basic Materials -- 40.6% Augusta Resource * .......................... 7,350 16,096 Capstone Mining * ........................... 10,560 25,678 Continental Minerals * ...................... 6,750 12,934 Copper Mountain Mining * .................... 12,200 33,615 Duluth Metals * ............................. 4,800 8,544 First Quantum Minerals ...................... 1,344 84,214 HudBay Minerals, Cl B * ..................... 7,950 99,133 Imperial Metals * ........................... 933 15,155 Inmet Mining ................................ 1,800 87,978 Ivanhoe Mines * ............................. 5,730 101,765 Lundin Mining * ............................. 19,650 76,452 Mercator Minerals * ......................... 11,850 22,245 Northern Dynasty Minerals * ................. 5,625 38,700 Polymet Mining * ............................ 20,000 30,600 Quadra FNX Mining * ......................... 7,071 85,628 Taseko Mines * .............................. 10,995 44,750 ------------- TOTAL CANADA ................................... 783,487 ------------- CHINA-- 5.3% Basic Materials -- 5.3% Jiangxi Copper .............................. 45,600 101,215 ------------- MEXICO-- 5.0% Basic Materials -- 5.0% Grupo Mexico, Cl B .......................... 36,300 96,233 ------------- POLAND-- 4.7% Basic Materials -- 4.7% KGHM Polska Miedz ........................... 2,592 90,101 ------------- SOUTH AFRICA-- 0.9% Basic Materials -- 0.9% Metorex * ................................... 34,500 17,244 ------------- SWITZERLAND-- 4.5% Basic Materials -- 4.5% Xstrata ..................................... 5,445 86,740 ------------- UNITED KINGDOM-- 14.6% Basic Materials -- 14.6% Antofagasta ................................. 6,720 104,152 Kazakhmys * ................................. 4,500 85,839
(GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X COPPER MINERS ETF
SHARES VALUE ------------- ------------- COMMON STOCK -- CONTINUED Basic Materials -- continued Vedanta Resources ........................... 2,400 $ 91,901 ------------- TOTAL UNITED KINGDOM ........................... 281,892 ------------- UNITED STATES-- 10.8% Basic Materials -- 10.8% Freeport-McMoRan Copper & Gold .............. 1,595 114,106 Southern Copper ............................. 3,000 94,230 ------------- TOTAL UNITED STATES ............................ 208,336 ------------- TOTAL COMMON STOCK (Cost $2,129,972) ........................... 1,928,339 ------------- TOTAL INVESTMENTS -- 100.0% (Cost $2,129,972)++ ......................... $ 1,928,339 =============
PERCENTAGES ARE BASED ON NET ASSETS OF $1,928,450. * NON-INCOME PRODUCING SECURITY. ++ AT JULY 31, 2010, THE TAX BASIS COST OF THE FUND'S INVESTMENTS WAS $2,129,972, AND THE UNREALIZED APPRECIATION AND DEPRECIATION WERE $24,069 AND $(225,702) RESPECTIVELY. CL -- CLASS As of July 31, 2010, all of the Fund's investments were considered Level 1, in accordance with ASC 820. FOR INFORMATION ON THE FUND'S POLICY REGARDING VALUATION OF INVESTMENTS AND OTHER SIGNIFICANT ACCOUNTING POLICIES, PLEASE REFER TO THE FUND'S MOST RECENT SEMI-ANNUAL OR ANNUAL FINANCIAL STATEMENTS. GLX-QH-001-0300 (GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X BRAZIL MID CAP ETF
SHARES VALUE ------------- ------------- COMMON STOCK -- 82.1% BRAZIL-- 82.1% Basic Materials -- 2.9% Fibria Celulose ADR * ....................... 16,500 $ 259,050 ------------- Consumer Goods -- 10.4% Cosan, Cl A * ............................... 8,800 99,968 Cosan Industria e Comercio * ................ 7,590 109,063 Hypermarcas * ............................... 20,350 265,012 Marfrig Alimentos ........................... 10,450 104,500 Natura Cosmeticos ........................... 13,200 345,000 ------------- 923,543 ------------- Consumer Services -- 10.8% Cia Brasileira de Distribuicao Grupo Pao de Acucar ADR ............................... 4,510 293,421 Gol Linhas Aereas Inteligentes ADR .......... 7,370 104,064 Lojas Renner ................................ 9,350 313,544 NET Servicos de Comunicacao ADR * ........... 14,300 154,869 TAM ADR ..................................... 5,720 96,554 ------------- 962,452 ------------- Financials -- 13.3% BR Malls Participacoes ...................... 11,220 168,555 Cyrela Brazil Realty Empreendimentos e Participacoes ............................ 22,000 307,875 MRV Engenharia e Participacoes .............. 24,200 217,937 Multiplan Empreendimentos Imobiliarios ...... 5,280 99,900 PDG Realty Empreendimentos e Participacoes .. 22,550 238,441 Porto Seguro ................................ 12,925 149,005 ------------- 1,181,713 ------------- Industrials -- 18.8% All America Latina Logistica ................ 49,500 465,750 Cia de Concessoes Rodoviarias ............... 12,100 277,338 Duratex ..................................... 17,600 185,000 Empresa Brasileira de Aeronautica ADR ....... 12,100 319,077 LLX Logistica * ............................. 35,200 177,400 Weg ......................................... 23,650 243,622 ------------- 1,668,187 ------------- Telecommunications -- 4.9% Telegraph Norte Leste Participacoes ADR ..... 20,350 297,720 Tim Participacoes ADR ....................... 4,950 141,223 ------------- 438,943 ------------- Utilities -- 21.0% Cia de Saneamento Basico do Estado de Sao Paulo ADR ................................ 4,400 175,164 Cia Energetica de Minas Gerais ADR .......... 29,700 451,440 Cia Paranaense de Energia ADR ............... 7,700 168,784 CPFL Energia ADR ............................ 6,600 461,142 EDP - Energias do Brasil .................... 4,290 86,458 Tractebel Energia ........................... 14,740 192,206 Ultrapar Participacoes ADR .................. 6,490 336,831 ------------- 1,872,025 -------------
(GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X BRAZIL MID CAP ETF
SHARES/FACE AMOUNT VALUE ------------- ------------- COMMON STOCK -- CONTINUED TOTAL BRAZIL ................................... $ 7,305,913 ------------- TOTAL COMMON STOCK (Cost $6,903,528) ........................... 7,305,913 ------------- PREFERRED STOCK -- 17.9% BRAZIL-- 17.9% Basic Materials -- 6.1% Metalurgica Gerdau, Cl A .................... 20,900 369,312 Suzano Papel e Celulose ..................... 18,700 177,650 ------------- 546,962 ------------- Consumer Services -- 2.1% Lojas Americanas ............................ 22,000 185,000 ------------- Financials -- 5.3% Banco do Estado do Rio Grande do Sul ........ 12,375 106,805 Bradespar ................................... 17,600 369,700 ------------- 476,505 ------------- Telecommunications -- 0.9% Telemar Norte Leste * ....................... 3,025 78,908 ------------- Utilities -- 3.5% Cia Energetica de Sao Paulo ................. 10,725 163,434 Eletropaulo Metropolitana Eletricidade de Sao Paulo ................................ 6,930 145,727 ------------- 309,161 ------------- TOTAL BRAZIL ................................... 1,596,536 ------------- TOTAL PREFERRED STOCK (Cost $1,496,460) ........................... 1,596,536 ------------- TIME DEPOSIT -- 0.0% Brown Brothers, 0.030% (Cost $800) .............................. $ 800 800 ------------- TOTAL INVESTMENTS -- 100.0% (Cost $8,400,788)++ ......................... $ 8,903,249 =============
PERCENTAGES ARE BASED ON NET ASSETS OF $8,905,768. * NON-INCOME PRODUCING SECURITY. ++ AT JULY 31, 2010, THE TAX BASIS COST OF THE FUND'S INVESTMENTS WAS $8,400,788, AND THE UNREALIZED APPRECIATION AND DEPRECIATION WERE $583,394 AND $(80,933) RESPECTIVELY. ADR -- AMERICAN DEPOSITARY RECEIPT CL -- CLASS The following is a summary of the inputs used as of July 31, 2010, in valuing the Fund's investments carried at value:
Level 1 Level 2 Level 3 Total ---------- ------- ------- ---------- Investments in Securities Common Stock $7,305,913 $ -- $-- $7,305,913 Preferred Stock 1,596,536 -- -- 1,596,536 Time Deposit -- 800 -- 800 ---------- ---- --- ---------- Total Investments in Securities $8,902,449 $800 $-- $8,903,249 ========== ==== === ==========
FOR INFORMATION ON THE FUND'S POLICY REGARDING VALUATION OF INVESTMENTS AND OTHER SIGNIFICANT ACCOUNTING POLICIES, PLEASE REFER TO THE FUND'S MOST RECENT SEMI-ANNUAL OR ANNUAL FINANCIAL STATEMENTS. GLX-QH-001-0300 (GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X BRAZIL FINANCIALS ETF
SHARES/FACE AMOUNT VALUE ------------- ------------- COMMON STOCK -- 96.9% BRAZIL-- 94.4% Financials -- 94.4% Banco Bradesco ADR .......................... 8,800 $ 163,944 Banco da Amazonia ........................... 100,800 34,936 Banco do Brasil ............................. 9,100 157,182 Banco Santander Brasil ADR .................. 5,980 79,654 BM&F Bovespa ................................ 9,260 68,398 BR Malls Participacoes ...................... 4,840 72,710 Brasil Brokers Participacoes ................ 5,600 21,636 Brookfield Incorporacoes .................... 6,800 35,352 CETIP - Balcao Organizado de Ativos e Derivativos .............................. 6,850 56,474 Cielo ....................................... 7,290 65,983 Cyrela Brazil Realty Empreendimentos e Participacoes ............................ 5,680 79,488 Even Construtora e Incorporadora ............ 4,100 19,102 Iguatemi Empresa de Shopping Centers ........ 1,250 24,830 Itau Unibanco Holding ADR ................... 7,040 157,625 MRV Engenharia e Participacoes .............. 9,500 85,554 Multiplan Empreendimentos Imobiliarios ...... 2,340 44,274 PDG Realty Empreendimentos e Participacoes .. 7,320 77,401 Porto Seguro ................................ 5,700 65,712 Redecard .................................... 4,080 62,475 Rossi Residencial ........................... 5,400 49,275 Sul America ................................. 3,840 33,687 ------------- TOTAL BRAZIL ................................... 1,455,692 ------------- BRAZIL-- 2.5% Financials -- 2.5% Banco ABC Brasil ............................ 1,640 12,961 Banco Industrial e Comercial ................ 2,080 16,486 Banco Panamericano .......................... 1,660 8,423 ------------- TOTAL BRAZIL ................................... 37,870 ------------- TOTAL COMMON STOCK (Cost $1,461,799) ........................... 1,493,562 ------------- PREFERRED STOCK -- 3.0% BRAZIL-- 3.0% Financials -- 3.0% Banco do Estado do Rio Grande do Sul (Cost $45,304) ........................... 5,460 47,123 ------------- U.S. TREASURY OBLIGATION -- 13.0% United States Treasury Bill 0.060%, 08/12/10(A) (Cost $199,996) ....................... $ 200,000 199,994 ------------- TOTAL INVESTMENTS -- 112.9% (Cost $1,707,099) ++ ........................ $ 1,740,679 =============
(GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X BRAZIL FINANCIALS ETF PERCENTAGES ARE BASED ON NET ASSETS OF $1,541,516. (A) ZERO COUPON SECURITY. THE RATE REPORTED ON THE SCHEDULE OF INVESTMENTS IS THE EFFECTIVE YIELD AT TIME OF PURCHASE. ++ AT JULY 31, 2010, THE TAX BASIS COST OF THE FUND'S INVESTMENTS WAS $1,707,099, AND THE UNREALIZED APPRECIATION AND DEPRECIATION WERE $34,516 AND $(936) RESPECTIVELY. ADR -- AMERICAN DEPOSITARY RECEIPT The following is a summary of the inputs used as of July 31, 2010, in valuing the Fund's investments carried at value:
Level 1 Level 2 Level 3 Total ----------- -------- ------- ---------- Investments in Securities Common Stock $ 1,493,562 $ -- $-- $1,493,562 Preferred Stock 47,123 -- -- 47,123 U.S. Treasury Obligation -- 199,994 -- 199,994 ----------- -------- --- ---------- Total Investments in Securities $ 1,540,685 $199,994 $-- $1,740,679 =========== ======== === ==========
FOR INFORMATION ON THE FUND'S POLICY REGARDING VALUATION OF INVESTMENTS AND OTHER SIGNIFICANT ACCOUNTING POLICIES, PLEASE REFER TO THE FUND'S MOST RECENT SEMI-ANNUAL OR ANNUAL FINANCIAL STATEMENTS. GLX-QH-001-0300 (GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X BRAZIL CONSUMER ETF
SHARES VALUE ------------- ------------- COMMON STOCK -- 93.8% BRAZIL-- 93.8% Consumer Goods -- 52.3% BRF - Brasil Foods ADR ...................... 5,200 $ 73,424 Cia de Bebidas das Americas ADR ............. 690 75,362 Cia Hering .................................. 2,200 73,700 Cosan, Cl A * ............................... 5,600 63,616 Cosan Industria e Comercio * ................ 4,800 68,973 Gafisa ADR .................................. 5,600 84,784 Hypermarcas * ............................... 4,900 63,812 JBS ......................................... 16,600 81,113 M Dias Branco ............................... 920 20,804 Marfrig Alimentos ........................... 6,600 66,000 Natura Cosmeticos ........................... 3,200 83,636 Sao Martinho * .............................. 1,950 17,639 SLC Agricola ................................ 2,300 19,694 Souza Cruz .................................. 1,800 82,432 ------------- 874,989 ------------- Consumer Services -- 41.5% Anhanguera Educacional Participacoes ........ 4,600 71,875 B2W Cia Global Do Varejo .................... 2,320 43,830 Cia Brasileira de Distribuicao Grupo Pao de Acucar ADR ............................... 1,060 68,964 Drogasil .................................... 1,490 30,985 Gol Linhas Aereas Inteligentes ADR .......... 4,600 64,952 Localiza Rent a Car ......................... 4,800 66,136 Lojas Renner ................................ 2,780 93,225 Marisa Lojas * .............................. 2,340 29,502 Multiplus * ................................. 6,400 78,182 NET Servicos de Comunicacao ADR * ........... 6,500 70,395 Saraiva Livreiros Editores .................. 780 15,028 TAM ADR ..................................... 3,600 60,768 ------------- 693,842 ------------- TOTAL BRAZIL ................................... 1,568,831 ------------- TOTAL COMMON STOCK (Cost $1,455,320) ........................... 1,568,831 ------------- PREFERRED STOCK -- 6.1% BRAZIL-- 6.1% Consumer Goods -- 1.2% Sao Paulo Alpargatas ........................ 4,400 19,850 ------------- Consumer Services -- 4.9% Lojas Americanas ............................ 9,800 82,409 ------------- TOTAL BRAZIL ................................... 102,259 ------------- TOTAL PREFERRED STOCK (Cost $91,675) .............................. 102,259 -------------
(GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X BRAZIL CONSUMER ETF
FACE AMOUNT VALUE ------------- ------------- TIME DEPOSIT -- 0.1% Brown Brothers, 0.030% (Cost $1,005) ............................ $ 1,005 $ 1,005 ------------- TOTAL INVESTMENTS -- 100.0% (Cost $1,548,000) ++ ........................ $ 1,672,095 =============
PERCENTAGES ARE BASED ON NET ASSETS OF $1,672,895. * NON-INCOME PRODUCING SECURITY. ++ AT JULY 31, 2010, THE TAX BASIS COST OF THE FUND'S INVESTMENTS WAS $1,548,000, AND THE UNREALIZED APPRECIATION AND DEPRECIATION WERE $134,218 AND $(10,123) RESPECTIVELY. ADR -- AMERICAN DEPOSITARY RECEIPT CL -- CLASS The following is a summary of the inputs used as of July 31, 2010, in valuing the Fund's investments carried at value:
Level 1 Level 2 Level 3 Total ---------- ------- ------- ---------- Investments in Securities Common Stock $1,568,831 $ -- $-- $1,568,831 Preferred Stock 102,259 -- -- 102,259 Time Deposit -- 1,005 -- 1,005 ---------- ------ --- ---------- Total Investments in Securities $1,671,090 $1,005 $-- $1,672,095 ========== ====== === ==========
FOR INFORMATION ON THE FUND'S POLICY REGARDING VALUATION OF INVESTMENTS AND OTHER SIGNIFICANT ACCOUNTING POLICIES, PLEASE REFER TO THE FUND'S MOST RECENT SEMI-ANNUAL OR ANNUAL FINANCIAL STATEMENTS. GLX-QH-001-0300 (GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X \INTERBOLSA FTSE COLOMBIA 20 ETF
SHARES/FACE AMOUNT VALUE ------------- ------------- COMMON STOCK -- 100.3% COLOMBIA-- 100.3% Basic Materials -- 2.9% Pacific Rubiales Energy * ................... 41,048 $ 985,152 ------------- Consumer Goods -- 6.2% Cia Colombiana del Tejidos * ................ 364,231,502 175,928 Grupo Nacional de Chocolates ................ 125,753 1,706,190 Textiles Fabricato Tejicondor * ............. 12,269,775 198,437 ------------- 2,080,555 ------------- Consumer Services -- 4.9% Almacenes Exito ............................. 149,660 1,630,941 ------------- Financials -- 41.9% BanColombia ADR ............................. 116,312 6,819,373 Bolsa de Valores de Colombia ................ 22,092,278 441,222 Cia Colombiana de Inversiones ............... 462,321 1,618,350 Financiera Colombiana ....................... 87,853 1,505,697 Grupo Aval Acciones y Valores ............... 2,861,374 1,615,016 Grupo de Inversiones Suramericana ........... 94,359 1,678,654 Helm Bank ................................... 696,462 156,861 Interbolsa .................................. 125,435 158,274 ------------- 13,993,447 ------------- Industrials -- 9.4% Cementos Argos .............................. 237,594 1,472,552 Inversiones Argos ........................... 132,143 1,452,956 Tableros y Maderas de Caldas ................ 37,956,192 208,053 ------------- 3,133,561 ------------- Oil & Gas -- 26.4% Ecopetrol ADR ............................... 207,381 7,075,840 Pacific Rubiales Energy * ................... 71,766 1,717,515 ------------- 8,793,355 ------------- Telecommunications -- 0.9% Empresa de Telecomunicaciones de Bogota ..... 505,146 285,114 ------------- Utilities -- 7.7% Interconexion Electrica ..................... 193,304 1,372,200 Isagen ...................................... 968,445 1,185,197 ------------- 2,557,397 ------------- TOTAL COLOMBIA ................................. 33,459,522 ------------- TOTAL COMMON STOCK (Cost $27,972,922) .......................... 33,459,522 ------------- TIME DEPOSIT -- 11.0% Brown Brothers, 0.030% (Cost $3,668,802) ........................ $ 3,668,802 3,668,802 ------------- TOTAL INVESTMENTS -- 111.3% (Cost $31,641,724)++ ........................ $ 37,128,324 =============
(GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X \INTERBOLSA FTSE COLOMBIA 20 ETF PERCENTAGES ARE BASED ON NET ASSETS OF $33,363,353. * NON-INCOME PRODUCING SECURITY. ++ AT JULY 31, 2010, THE TAX BASIS COST OF THE FUND'S INVESTMENTS WAS $31,641,724, AND THE UNREALIZED APPRECIATION AND DEPRECIATION WERE $5,595,185 AND $(108,585) RESPECTIVELY. ADR -- AMERICAN DEPOSITARY RECEIPT The following is a summary of the inputs used as of July 31, 2010, in valuing the Fund's investments carried at value:
Level 1 Level 2 Level 3 Total ----------- ---------- ------- ----------- Investments in Securities Common Stock $33,459,522 $ -- $-- $33,459,522 Time Deposit -- 3,668,802 -- 3,668,802 ----------- ---------- --- ----------- Total Investments in Securities $33,459,522 $3,668,802 $-- $37,128,324 =========== ========== === ===========
FOR INFORMATION ON THE FUND'S POLICY REGARDING VALUATION OF INVESTMENTS AND OTHER SIGNIFICANT ACCOUNTING POLICIES, PLEASE REFER TO THE FUND'S MOST RECENT SEMI-ANNUAL OR ANNUAL FINANCIAL STATEMENTS. GLX-QH-001-0300 (GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X FTSE NORDIC 30 ETF
SHARES VALUE ------------- ------------- COMMON STOCK -- 99.3% DENMARK-- 20.9% Consumer Goods -- 2.3% Carlsberg, Cl B ............................. 1,900 $ 168,492 ------------- Financials -- 3.6% Danske Bank ................................. 11,000 259,165 ------------- Health Care -- 9.8% Novo Nordisk ADR ............................ 8,189 704,500 ------------- Industrials -- 3.1% A P Moller - Maersk, Cl B ................... 26 219,289 ------------- Oil & Gas -- 2.1% Vestas Wind Systems * ....................... 3,100 150,738 ------------- TOTAL DENMARK .................................. 1,502,184 ------------- FINLAND-- 14.5% Basic Materials -- 1.6% UPM-Kymmene ................................. 8,050 116,849 ------------- Financials -- 3.2% Sampo, Cl A ................................. 9,350 228,432 ------------- Industrials -- 1.6% Kone, Cl B .................................. 2,500 114,078 ------------- Technology -- 5.8% Nokia ADR ................................... 44,050 418,916 ------------- Utilities -- 2.3% Fortum ...................................... 6,850 159,321 ------------- TOTAL FINLAND .................................. 1,037,596 ------------- NORWAY-- 17.2% Basic Materials -- 3.5% Norsk Hydro ................................. 21,716 116,910 Yara International .......................... 3,500 131,956 ------------- 248,866 ------------- Consumer Goods -- 1.8% Orkla ....................................... 15,700 130,273 ------------- Financials -- 2.9% DnB ......................................... 16,555 205,643 ------------- Oil & Gas -- 6.3% Seadrill .................................... 3,770 87,516 Statoil ADR ................................. 18,048 366,916 ------------- 454,432 ------------- Telecommunications -- 2.7% Telenor ..................................... 12,600 194,476 ------------- TOTAL NORWAY ................................... 1,233,690 ------------- SWEDEN-- 46.7% Consumer Goods -- 1.9% Svenska Cellulosa, Cl B ..................... 9,500 137,147 -------------
(GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X FTSE NORDIC 30 ETF
SHARES/FACE AMOUNT VALUE ------------- ------------- COMMON STOCK -- CONTINUED Consumer Services -- 3.9% Hennes & Mauritz, Cl B ...................... 8,972 $ 282,667 ------------- Financials -- 19.3% Investor, Cl B .............................. 7,200 135,764 Nordea Bank ................................. 62,400 624,190 Skandinaviska Enskilda Banken, Cl A ......... 32,000 220,300 Svenska Handelsbanken, Cl A ................. 9,700 278,456 Swedbank .................................... 10,777 123,257 ------------- 1,381,967 ------------- Industrials -- 11.2% Atlas Copco, Cl A ........................... 10,100 165,259 Sandvik ..................................... 18,800 242,886 SKF, Cl B ................................... 6,500 124,186 Volvo, Cl B ................................. 21,800 271,677 ------------- 804,008 ------------- Technology -- 6.9% Ericsson ADR ................................ 45,100 496,100 ------------- Telecommunications -- 3.5% TeliaSonera ................................. 34,400 249,023 ------------- TOTAL SWEDEN ................................... 3,350,912 ------------- TOTAL COMMON STOCK (Cost $6,796,848) ........................... 7,124,382 ------------- TIME DEPOSIT -- 0.6% Brown Brothers, 0.030% (Cost $40,369) .............................. $ 40,369 40,369 ------------- TOTAL INVESTMENTS -- 99.9% (Cost $6,837,217)++ ......................... $ 7,164,751 =============
PERCENTAGES ARE BASED ON NET ASSETS OF $7,173,397. * NON-INCOME PRODUCING SECURITY. ++ AT JULY 31, 2010, THE TAX BASIS COST OF THE FUND'S INVESTMENTS WAS $6,837,217, AND THE UNREALIZED APPRECIATION AND DEPRECIATION WERE $661,585 AND $(334,051) RESPECTIVELY. ADR -- AMERICAN DEPOSITARY RECEIPT CL -- CLASS The following is a summary of the inputs used as of July 31, 2010, in valuing the Fund's investments carried at value:
Level 1 Level 2 Level 3 Total ---------- ------- ------- ---------- Investments in Securities Common Stock $7,124,382 $ -- $-- $7,124,382 Time Deposit -- 40,369 -- 40,369 ---------- ------- --- ---------- Total Investments in Securities $7,124,382 $40,369 $-- $7,164,751 ========== ======= === ==========
FOR INFORMATION ON THE FUND'S POLICY REGARDING VALUATION OF INVESTMENTS AND OTHER SIGNIFICANT ACCOUNTING POLICIES, PLEASE REFER TO THE FUND'S MOST RECENT SEMI-ANNUAL OR ANNUAL FINANCIAL STATEMENTS. GLX-QH-001-0300 (GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X CHINA CONSUMER ETF
SHARES VALUE ------------- ------------- COMMON STOCK -- 99.8% CHINA-- 79.2% Consumer Goods -- 38.8% 361 Degrees International ................... 1,165,500 $ 885,331 Anta Sports Products ........................ 1,353,000 2,389,973 AviChina Industry & Technology * ............ 2,835,000 1,160,704 BaWang International Group Holding .......... 1,607,500 981,003 China Huiyuan Juice Group ................... 840,500 646,031 China Yurun Food Group ...................... 1,416,187 4,649,453 Dongfeng Motor Group ........................ 3,013,000 4,205,034 Great Wall Motor ............................ 766,500 1,527,651 Li Ning ..................................... 1,122,819 3,700,759 Shenzhou International Group Holdings ....... 693,000 913,638 Tingyi Cayman Islands Holding ............... 1,677,100 4,253,695 Tsingtao Brewery ............................ 692,747 3,282,189 Uni-President China Holdings ................ 1,869,000 1,041,929 Want Want China Holdings .................... 5,786,400 4,529,530 Zhongpin * .................................. 52,500 772,800 ------------- 34,939,720 ------------- Consumer Services -- 33.4% Air China ................................... 3,833,500 4,397,585 AirMedia Group ADR * ........................ 126,000 462,420 Ajisen China Holdings ....................... 745,500 879,193 China Southern Airlines * ................... 2,613,222 1,261,679 Focus Media Holding ADR * ................... 117,200 2,124,836 Golden Eagle Retail Group ................... 1,165,500 2,770,034 Home Inns & Hotels Management ADR * ......... 49,380 2,077,417 Intime Department Store Group ............... 1,900,500 1,967,275 New Oriental Education & Technology Group ADR * .................................... 45,310 4,431,318 Parkson Retail Group ........................ 2,531,300 4,347,509 PCD Stores * ................................ 4,599,844 1,462,787 Peak Sport Products ......................... 1,606,500 1,125,177 Shanghai Jin Jiang International Hotels Group .................................... 2,373,000 632,425 VisionChina Media ADR * ..................... 89,100 357,291 Wumart Stores ............................... 819,000 1,790,452 ------------- 30,087,398 ------------- Health Care -- 7.0% Shandong Weigao Group Medical Polymer ....... 609,430 2,746,205 Sinopharm Group ............................. 945,000 3,534,427 ------------- 6,280,632 ------------- TOTAL CHINA .................................... 71,307,750 ------------- HONG KONG-- 20.6% Consumer Goods -- 9.9% Bosideng International Holdings ............. 4,105,500 1,268,582 China Agri-Industries Holdings .............. 2,552,061 2,888,158 China Foods ................................. 1,407,000 887,629 Denway Motors ............................... 7,506,400 3,827,084 ------------- 8,871,453 -------------
(GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X CHINA CONSUMER ETF
SHARES/FACE AMOUNT VALUE ------------- ------------- COMMON STOCK -- CONTINUED Consumer Services -- 10.7% China Dongxiang Group ....................... 4,945,064 $ 2,801,339 China Resources Enterprise .................. 1,248,343 4,741,296 China Travel International Inv HK ........... 5,292,600 1,308,312 New World Department Store China ............ 912,000 798,445 ------------- 9,649,392 ------------- TOTAL HONG KONG ................................ 18,520,845 ------------- TOTAL COMMON STOCK (Cost $87,448,136) .......................... 89,828,595 ------------- TIME DEPOSIT -- 0.2% Brown Brothers, 0.030% (Cost $198,217) .......................... $ 198,217 198,217 ------------- TOTAL INVESTMENTS -- 100.0% (Cost $87,646,353)++ ........................ $ 90,026,812 =============
PERCENTAGES ARE BASED ON NET ASSETS OF $89,993,408. * NON-INCOME PRODUCING SECURITY. ++ AT JULY 31, 2010, THE TAX BASIS COST OF THE FUND'S INVESTMENTS WAS $87,646,353, AND THE UNREALIZED APPRECIATION AND DEPRECIATION WERE $5,152,768 AND $(2,772,309) RESPECTIVELY. ADR -- AMERICAN DEPOSITARY RECEIPT The following is a summary of the inputs used as of July 31, 2010, in valuing the Fund's investments carried at value:
Level 1 Level 2 Level 3 Total ----------- -------- -------- ----------- Investments in Securities Common Stock $89,828,595 $ -- $-- $89,828,595 Time Deposit -- 198,217 -- 198,217 ----------- -------- --- ----------- Total Investments in Securities $89,828,595 $198,217 $-- $90,026,812 =========== ======== === ===========
FOR INFORMATION ON THE FUND'S POLICY REGARDING VALUATION OF INVESTMENTS AND OTHER SIGNIFICANT ACCOUNTING POLICIES, PLEASE REFER TO THE FUND'S MOST RECENT SEMI-ANNUAL OR ANNUAL FINANCIAL STATEMENTS. GLX-QH-001-0300 (GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X CHINA ENERGY ETF
SHARES/FACE AMOUNT VALUE ------------- ------------- COMMON STOCK -- 98.8% CHINA-- 66.8% Energy -- 57.5% China Coal Energy ........................... 135,000 $ 188,410 China Longyuan Power Group * ................ 144,655 151,972 China Oilfield Services ..................... 107,043 140,572 China Petroleum & Chemical .................. 515,400 415,394 China Shenhua Energy ........................ 96,800 372,638 Honghua Group ............................... 113,400 15,330 JA Solar Holdings ADR * ..................... 10,750 63,962 LDK Solar ADR * ............................. 8,475 55,342 PetroChina .................................. 360,000 408,338 Renesola ADR * .............................. 4,775 36,194 Solarfun Power Holdings ADR * ............... 3,724 35,229 Suntech Power Holdings ADR * ................ 8,140 80,912 Tianneng Power International ................ 69,000 27,006 Trina Solar ADR * ........................... 6,040 131,310 Yanzhou Coal Mining ......................... 84,204 180,830 Yingli Green Energy Holding ADR * ........... 6,225 67,977 ------------- 2,371,416 ------------- Utilities -- 9.3% Datang International Power Generation ....... 217,069 93,064 Huadian Power International ................. 149,400 35,970 Huaneng Power International ................. 224,123 130,427 Xinao Gas Holdings .......................... 51,712 122,371 ------------- 381,832 ------------- TOTAL CHINA .................................... 2,753,248 ------------- HONG KONG-- 32.0% Energy -- 23.7% Beijing Enterprises Holdings ................ 31,800 210,237 CNOOC ....................................... 263,400 443,572 Fushan International Energy Group ........... 210,609 121,478 Kunlun Energy ............................... 155,341 202,399 ------------- 977,686 ------------- Utilities -- 8.3% China Power International Development ....... 183,600 40,421 China Resources Power Holdings .............. 92,400 201,762 GCL Poly Energy Holdings .................... 418,657 97,022 ------------- 339,205 ------------- TOTAL HONG KONG ................................ 1,316,891 ------------- TOTAL COMMON STOCK (Cost $4,438,661) ........................... 4,070,139 ------------- TIME DEPOSIT -- 0.3% Brown Brothers, 0.030% (Cost $13,961) ........................... $ 13,961 13,961 ------------- TOTAL INVESTMENTS -- 99.1% (Cost $4,452,622)++ ......................... $ 4,084,100 =============
(GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X CHINA ENERGY ETF PERCENTAGES ARE BASED ON NET ASSETS OF $4,119,212. * NON-INCOME PRODUCING SECURITY. ++ AT JULY 31, 2010, THE TAX BASIS COST OF THE FUND'S INVESTMENTS WAS $4,452,622, AND THE UNREALIZED APPRECIATION AND DEPRECIATION WERE $82,913 AND $(451,435) RESPECTIVELY. ADR -- AMERICAN DEPOSITARY RECEIPT The following is a summary of the inputs used as of July 31, 2010, in valuing the Fund's investments carried at value:
Level 1 Level 2 Level 3 Total ---------- ------- ------- ---------- Investments in Securities Common Stock $4,070,139 $ -- $-- $4,070,139 Time Deposit -- 13,961 -- 13,961 ---------- ------- --- ---------- Total Investments in Securities $4,070,139 $13,961 $-- $4,084,100 ========== ======= === ==========
FOR INFORMATION ON THE FUND'S POLICY REGARDING VALUATION OF INVESTMENTS AND OTHER SIGNIFICANT ACCOUNTING POLICIES, PLEASE REFER TO THE FUND'S MOST RECENT SEMI-ANNUAL OR ANNUAL FINANCIAL STATEMENTS. GLX-QH-001-0300 (GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X CHINA FINANCIALS ETF
SHARES/FACE AMOUNT VALUE ------------- ------------- COMMON STOCK -- 99.0% CHINA-- 83.1% Financials -- 83.1% Agile Property Holdings ..................... 966,300 $ 1,259,023 Bank of China ............................... 15,139,353 7,991,573 Bank of Communications ...................... 3,688,227 4,093,229 China Citic Bank ............................ 5,749,279 3,878,696 China Construction Bank ..................... 9,615,239 8,158,055 China Life Insurance ........................ 1,727,431 7,672,924 China Merchants Bank ........................ 1,557,833 4,161,789 China Minsheng Banking ...................... 745,390 695,765 China Pacific Insurance Group ............... 903,192 3,604,814 CNinsure ADR ................................ 29,010 684,056 Country Garden Holdings ..................... 2,468,857 781,938 E-House China Holdings ADR .................. 29,420 479,546 Evergrande Real Estate Group ................ 3,270,558 1,174,809 Greentown China Holdings .................... 417,692 519,487 Guangzhou R&F Properties .................... 675,155 1,057,008 Industrial & Commercial Bank of China ....... 11,044,033 8,431,862 Longfor Properties .......................... 883,823 968,358 PICC Property & Casualty * .................. 2,401,411 2,430,134 Ping An Insurance Group of China (A) (B) .... 424,266 3,515,021 Renhe Commercial Holdings ................... 5,818,163 1,250,960 Shimao Property Holdings .................... 1,035,692 1,986,817 Shui On Land ................................ 1,822,357 830,573 Sino-Ocean Land Holdings .................... 2,995,150 2,286,727 Soho China .................................. 1,314,674 810,764 ------------- TOTAL CHINA .................................... 68,723,928 ------------- HONG KONG-- 15.9% Financials -- 15.9% China Everbright ............................ 501,522 1,307,543 China Overseas Land & Investment ............ 1,907,310 4,086,163 China Resources Land ........................ 1,310,429 2,780,429 China Taiping Insurance Holdings ............ 535,730 1,807,126 Franshion Properties China .................. 1,859,379 538,631 Hopson Development Holdings ................. 428,896 583,119 KWG Property Holding ........................ 835,262 618,346 Poly Hong Kong Investments .................. 800,459 965,650 Shenzhen Investment ......................... 1,336,662 454,325 ------------- TOTAL HONG KONG ................................ 13,141,332 ------------- TOTAL COMMON STOCK (Cost $81,109,559) .......................... 81,865,260 ------------- TIME DEPOSIT -- 0.1% Brown Brothers, 0.030% (Cost $87,165) ........................... $ 87,165 87,165 ------------- TOTAL INVESTMENTS -- 99.1% (Cost $81,196,724)++ ........................ $ 81,952,425 =============
(GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X CHINA FINANCIALS ETF PERCENTAGES ARE BASED ON NET ASSETS OF $82,660,015. * NON-INCOME PRODUCING SECURITY. (A) SECURITIES CONSIDERED ILLIQUID. THE TOTAL VALUE OF SUCH SECURITIES AS OF JULY 31, 2010 WAS 3,515,021 AND REPRESENTED 4.3% OF NET ASSETS. (B) SECURITY IS FAIR VALUED USING METHODS DETERMINED IN GOOD FAITH BY THE FAIR VALUE COMMITTEE OF THE BOARD OF TRUSTEES. THE TOTAL VALUE OF SUCH SECURITIES AS OF JULY 31, 2010, WAS $3,515,021 AND REPRESENTED 4.3% OF NET ASSETS. ++ AT JULY 31, 2010, THE TAX BASIS COST OF THE FUND'S INVESTMENTS WAS $81,196,724, AND THE UNREALIZED APPRECIATION AND DEPRECIATION WERE $3,366,534 AND $(2,610,833) RESPECTIVELY. ADR -- AMERICAN DEPOSITARY RECEIPT The following is a summary of the inputs used as of July 31, 2010, in valuing the Fund's investments carried at value:
Level 1 Level 2 Level 3 Total ----------- ------- ---------- ---------- Investments in Securities Common Stock $78,350,239 $ -- $3,515,021 $81,865,260 Time Deposit -- 87,165 -- 87,165 ----------- ------- ---------- ----------- Total Investments in Securities $78,350,239 $87,165 $3,515,021 $81,952,425 =========== ======= ========== ===========
Investments in Securities -------------- Beginning balance as of November 1, 2009 $ -- Net transfer in and/or out of Level 3 3,515,021 ---------- Ending balance as of July 31, 2010 $3,515,021 ==========
FOR INFORMATION ON THE FUND'S POLICY REGARDING VALUATION OF INVESTMENTS AND OTHER SIGNIFICANT ACCOUNTING POLICIES, PLEASE REFER TO THE FUND'S MOST RECENT SEMI-ANNUAL OR ANNUAL FINANCIAL STATEMENTS. GLX-QH-001-0300 (GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X CHINA INDUSTRIALS ETF
SHARES VALUE ------------- ------------- COMMON STOCK -- 99.8% CHINA-- 82.6% Industrials -- 82.6% Anhui Conch Cement .......................... 374,000 $ 1,307,322 A-Power Energy Generation Systems * ......... 19,800 158,004 Asia Cement China Holdings .................. 323,000 161,768 BBMG ........................................ 684,310 807,911 Byd ......................................... 132,600 912,499 China Communications Construction ........... 1,265,392 1,194,181 China COSCO Holdings ........................ 923,156 1,034,036 China National Building Material ............ 797,406 1,505,063 China National Materials .................... 708,153 554,334 China Railway Construction .................. 918,000 1,278,825 China Railway Group ......................... 1,776,800 1,326,807 China Shanshui Cement Group ................. 1,032,267 555,532 China Shipping Container Lines .............. 2,223,470 821,588 China Shipping Development .................. 794,675 1,168,414 China South Locomotive and Rolling Stock .................................... 1,126,381 931,025 Dongfang Electric ........................... 194,404 668,279 Duoyuan Global Water ADR * .................. 12,850 259,441 Guangshen Railway ........................... 883,154 324,058 Harbin Electric * ........................... 11,600 213,092 Harbin Power Equipment ...................... 379,695 332,418 Metallurgical Corp of China * ............... 1,829,200 852,532 Sany Heavy Equipment International Holdings ................................. 366,992 422,411 Shanghai Electric Group ..................... 1,720,818 808,665 Sinotrans ................................... 941,909 235,262 Sinotruk Hong Kong .......................... 404,906 372,215 Weichai Power ............................... 112,245 927,776 Yangzijiang Shipbuilding Holdings ........... 1,067,376 1,138,430 Zhuzhou CSR Times Electric .................. 287,460 769,807 ------------- TOTAL CHINA .................................... 21,041,695 ------------- HONG KONG-- 17.2% Industrials -- 17.2% Beijing Capital International Airport ....... 903,211 476,776 China High Speed Transmission Equipment Group .......................... 476,276 1,089,037 China Resources Cement Holdings * ........... 1,055,362 512,252 Citic Resources Holdings * .................. 1,284,408 267,892 Shanghai Industrial Holdings ................ 258,400 1,177,706 Shenzhen International Holdings ............. 4,205,346 265,301 Sinotrans Shipping .......................... 788,250 342,007 Tianjin Development Holdings ................ 380,800 248,568 ------------- TOTAL HONG KONG ................................ 4,379,539 ------------- TOTAL COMMON STOCK (Cost $27,078,416) .......................... 25,421,234 ------------- TOTAL INVESTMENTS -- 99.8% (Cost $27,078,416)++ ........................ $ 25,421,234 =============
PERCENTAGES ARE BASED ON NET ASSETS OF $25,474,117. (GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X CHINA INDUSTRIALS ETF * NON-INCOME PRODUCING SECURITY. ++ AT JULY 31, 2010, THE TAX BASIS COST OF THE FUND'S INVESTMENTS WAS $27,078,416, AND THE UNREALIZED APPRECIATION AND DEPRECIATION WERE $977,816 AND $(2,634,998) RESPECTIVELY. ADR -- AMERICAN DEPOSITARY RECEIPT As of July 31, 2010, all of the Fund's investments were considered Level 1, in accordance with ASC 820. FOR INFORMATION ON THE FUND'S POLICY REGARDING VALUATION OF INVESTMENTS AND OTHER SIGNIFICANT ACCOUNTING POLICIES, PLEASE REFER TO THE FUND'S MOST RECENT SEMI-ANNUAL OR ANNUAL FINANCIAL STATEMENTS. GLX-QH-001-0300 (GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X CHINA TECHNOLOGY ETF
SHARES/FACE AMOUNT VALUE ------------- ------------- COMMON STOCK -- 99.6% CHINA-- 90.1% Technology -- 79.1% AAC Acoustic Technologies Holdings .......... 79,000 $ 140,361 Alibaba.com ................................. 96,567 199,671 AsiaInfo Holdings * ......................... 4,000 81,600 Baidu ADR * ................................. 2,670 217,365 BYD Electronic International ................ 94,000 52,403 China Communications Services ............... 223,000 113,121 Ctrip.com International ADR * ............... 5,070 204,118 Foxconn International Holdings * ............ 182,000 127,940 Giant Interactive Group ADR ................. 22,500 151,425 Kingdee International Software Group ........ 173,000 72,834 Kingsoft .................................... 58,000 33,977 Lenovo Group ................................ 289,500 185,990 Netease.com ADR * ........................... 5,190 198,777 Perfect World ADR * ......................... 4,600 107,456 Semiconductor Manufacturing International * . 1,925,000 133,834 Shanda Interactive Entertainment ADR * ...... 4,100 163,631 Sina * ...................................... 4,460 190,799 Sohu.com * .................................. 3,340 157,047 Tencent Holdings ............................ 9,450 182,135 VanceInfo Technologies ADR * ................ 3,241 82,289 ZTE ......................................... 41,400 132,455 ------------- 2,929,228 ------------- Telecommunications -- 11.0% China Telecom ............................... 363,000 181,801 China Unicom Hong Kong ...................... 149,904 202,649 KongZhong ADR * ............................. 3,480 21,019 ------------- 405,469 ------------- TOTAL CHINA .................................... 3,334,697 ------------- HONG KONG-- 9.5% Technology -- 4.9% Longtop Financial Technologies ADR * ........ 5,485 182,815 ------------- Telecommunications -- 4.6% China Mobile ................................ 17,000 171,924 ------------- TOTAL HONG KONG ................................ 354,739 ------------- TOTAL COMMON STOCK (Cost $3,795,402) ........................... 3,689,436 ------------- TIME DEPOSIT -- 0.2% Brown Brothers, 0.030% (Cost $6,222) ............................ $ 6,222 6,222 ------------- TOTAL INVESTMENTS -- 99.8% (Cost $3,801,624)++ ......................... $ 3,695,658 =============
(GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X CHINA TECHNOLOGY ETF PERCENTAGES ARE BASED ON NET ASSETS OF $3,703,804. * NON-INCOME PRODUCING SECURITY. ++ AT JULY 31, 2010, THE TAX BASIS COST OF THE FUND'S INVESTMENTS WAS $3,801,624, AND THE UNREALIZED APPRECIATION AND DEPRECIATION WERE $282,797 AND $(388,763) RESPECTIVELY. ADR -- AMERICAN DEPOSITARY RECEIPT The following is a summary of the inputs used as of July 31, 2010, in valuing the Fund's investments carried at value:
Level 1 Level 2 Level 3 Total ---------- ------- ------- ---------- Investments in Securities Common Stock $3,689,436 $ -- $-- $3,689,436 Time Deposit -- 6,222 -- 6,222 ---------- ------ --- ---------- Total Investments in Securities $3,689,436 $6,222 $-- $3,695,658 ========== ====== === ==========
FOR INFORMATION ON THE FUND'S POLICY REGARDING VALUATION OF INVESTMENTS AND OTHER SIGNIFICANT ACCOUNTING POLICIES, PLEASE REFER TO THE FUND'S MOST RECENT SEMI-ANNUAL OR ANNUAL FINANCIAL STATEMENTS. GLX-QH-001-0300 (GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X CHINA MATERIALS ETF
SHARES/FACE AMOUNT VALUE ------------- ------------- COMMON STOCK -- 100.1% CHINA-- 76.2% Basic Materials -- 76.2% Aluminum Corp of China ...................... 1,871,100 $ 1,657,397 Angang Steel ................................ 1,164,700 1,757,449 China Agritech * ............................ 35,280 436,767 China BlueChemical .......................... 3,232,485 2,072,559 China Green Agriculture * ................... 53,550 576,198 China Molybdenum ............................ 2,305,714 1,433,817 China Rare Earth Holdings ................... 3,022,945 739,478 China Vanadium Titano - Magnetite Mining * .. 3,382,700 1,363,167 China XLX Fertiliser ........................ 1,223,279 472,395 Chongqing Iron & Steel ...................... 1,587,417 447,586 Dongyue Group ............................... 2,834,334 620,356 General Steel Holdings * .................... 47,250 136,553 Gulf Resources * ............................ 52,840 457,594 Hunan Non-Ferrous Metal ..................... 4,624,200 1,488,393 Jiangxi Copper .............................. 875,700 1,943,720 Maanshan Iron & Steel ....................... 3,585,508 1,998,848 Real Gold Mining * .......................... 964,205 1,375,467 ShengdaTech * ............................... 93,400 407,224 Sinopec Shanghai Petrochemical .............. 5,166,000 2,015,293 Sinopec Yizheng Chemical Fibre * ............ 4,372,417 1,041,440 Xinjiang Xinxin Mining Industry ............. 2,078,954 1,097,412 Yongye International * ...................... 107,150 876,487 Zhaojin Mining Industry ..................... 995,400 2,153,020 Zijin Mining Group .......................... 2,438,949 1,573,191 ------------- TOTAL CHINA .................................... 28,141,811 ------------- HONG KONG-- 23.9% Basic Materials -- 23.9% Citic Pacific ............................... 882,489 1,815,629 Fufeng Group ................................ 2,280,607 1,585,569 Lumena Resources * .......................... 2,211,955 660,702 Shougang Concord International Enterprises .. 8,826,300 1,488,645 Sinofert Holdings ........................... 3,641,400 1,608,065 Yingde Gases * .............................. 1,688,700 1,656,718 ------------- TOTAL HONG KONG ................................ 8,815,328 ------------- TOTAL COMMON STOCK (Cost $37,107,566) .......................... 36,957,139 ------------- TIME DEPOSIT -- 0.2% Brown Brothers, 0.030% (Cost $72,148) ........................... $ 72,148 72,148 ------------- TOTAL INVESTMENTS -- 100.3% (Cost $37,179,714)++ ........................ $ 37,029,287 =============
PERCENTAGES ARE BASED ON NET ASSETS OF $36,928,066. * NON-INCOME PRODUCING SECURITY. (GLOBAL X FUNDS LOGO) The World in your Hands SCHEDULE OF INVESTMENTS (UNAUDITED) JULY 31, 2010 GLOBAL X CHINA MATERIALS ETF ++ AT JULY 31, 2010, THE TAX BASIS COST OF THE FUND'S INVESTMENTS WAS $37,179,714, AND THE UNREALIZED APPRECIATION AND DEPRECIATION WERE $1,980,256 AND $(2,130,683) RESPECTIVELY. The following is a summary of the inputs used as of July 31, 2010, in valuing the Fund's investments carried at value:
Level 1 Level 2 Level 3 Total ----------- ------- ------- ----------- Investments in Securities Common Stock $36,957,139 $ -- $-- $36,957,139 Time Deposit -- 72,148 -- 72,148 ----------- ------- --- ----------- Total Investments in Securities $36,957,139 $72,148 $-- $37,029,287 =========== ======= === ===========
FOR INFORMATION ON THE FUND'S POLICY REGARDING VALUATION OF INVESTMENTS AND OTHER SIGNIFICANT ACCOUNTING POLICIES, PLEASE REFER TO THE FUND'S MOST RECENT SEMI-ANNUAL OR ANNUAL FINANCIAL STATEMENTS. GLX-QH-001-0300 ITEM 2. CONTROLS AND PROCEDURES (a) The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the Registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the "1940 Act")) are effective, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 as of a date within 90 days of the filing date of this report. (b) There were no significant changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting. ITEM 3. EXHIBITS. (a) 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. 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) The Global X Funds By (Signature and Title)* \s\ Bruno del Ama ---------------------------------------- Bruno del Ama President Date: September 27, 2010 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\ Bruno del Ama ---------------------------------------- Bruno del Ama President Date: September 27, 2010 By (Signature and Title)* \s\ Jose C. Gonzalez ---------------------------------------- Jose C. Gonzalez CFO Date: September 27, 2010 * Print the name and title of each signing officer under his or her signature.