Global X Funds

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Global X S&P 500® Covered Call ETF

Ticker: XYLD

Principal Listing Exchange: NYSE Arca, Inc.

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about the Global X S&P 500® Covered Call ETF (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/xyld/. You can also request this information by contacting us at 1-888-493-8631.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment) 

Table Summary
Fund Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Global X S&P 500® Covered Call ETF
$31
0.60%Footnote Reference†
Footnote Description
Footnote†
 Annualized.

Key Fund Statistics as of April 30, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$3,106,126,884
505
$9,215,869
4.94%

What did the Fund invest in?

Asset/Sector WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Written Option
-1.9%
Exchange-Traded Fund
0.1%
Real Estate
1.9%
Materials
2.0%
Utilities
2.4%
Energy
3.6%
Consumer Staples
5.0%
Health Care
8.6%
Industrials
9.0%
Consumer Discretionary
10.2%
Communication Services
11.2%
Financials
12.2%
Information Technology
35.7%
Footnote Description
Footnote*
 Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net Assets
NVIDIA
8.0%
Apple
6.6%
Microsoft
5.0%
Amazon.com
4.3%
Alphabet, Cl A
3.7%
Broadcom
3.3%
Alphabet, Cl C
3.0%
Meta Platforms, Cl A
2.2%
Tesla
1.8%
Berkshire Hathaway, Cl B
1.4%

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

  • 1-888-493-8631 

  • https://www.globalxetfs.com/funds/xyld/ 

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GX-SA-XYLD-2026

Global X Funds

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Global X NASDAQ 100® Covered Call ETF

Ticker: QYLD

Principal Listing Exchange: Nasdaq

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about the Global X NASDAQ 100® Covered Call ETF (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/qyld/. You can also request this information by contacting us at 1-888-493-8631.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment) 

Table Summary
Fund Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Global X NASDAQ 100® Covered Call ETF
$31
0.60%Footnote Reference†
Footnote Description
Footnote†
 Annualized.

Key Fund Statistics as of April 30, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$8,345,243,910
102
$24,316,725
17.27%

What did the Fund invest in?

Asset/Sector WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Written Option
-3.5%
Real Estate
0.1%
Financials
0.2%
Energy
0.6%
Materials
1.2%
Utilities
1.4%
Industrials
3.8%
Health Care
4.3%
Consumer Staples
7.9%
Consumer Discretionary
12.7%
Communication Services
15.6%
Information Technology
55.6%
Footnote Description
Footnote*
 Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net Assets
NVIDIA
8.9%
Apple
7.3%
Microsoft
5.5%
Amazon.com
5.2%
Alphabet, Cl A
4.1%
Alphabet, Cl C
3.8%
Broadcom
3.6%
Tesla
3.5%
Meta Platforms, Cl A
3.3%
Walmart
3.2%

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

  • 1-888-493-8631 

  • https://www.globalxetfs.com/funds/qyld/ 

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GX-SA-QYLD-2026

Global X Funds

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Global X Russell 2000 Covered Call ETF

Ticker: RYLD

Principal Listing Exchange: NYSE Arca, Inc.

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about the Global X Russell 2000 Covered Call ETF (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/ryld/. You can also request this information by contacting us at 1-888-493-8631.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment) 

Table Summary
Fund Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Global X Russell 2000 Covered Call ETF
$31
0.60%Footnote Reference†
Footnote Description
Footnote†
 Annualized.

Key Fund Statistics as of April 30, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$1,319,038,806
9
$3,818,555
7.12%

What did the Fund invest in?

Asset WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Written Option
-2.0%
WarrantFootnote Reference**
0.0%
RightsFootnote Reference**
0.0%
Exchange-Traded Fund
102.0%
Footnote Description
Footnote*
 Percentages are calculated based on total net assets.
Footnote**
 Amount is less than 0.05%.

Top Holdings

Table Summary
Holding Name
Percentage of Total Net Assets
Global X Russell 2000 ETFFootnote Reference**
102.0%
Inhibrx CVR
0.0%
Novartis CVR
0.0%
Pulse Biosciences
0.0%
Cartesian Therapeutics CVR
0.0%
OmniAb CVR
0.0%
OmniAb CVR
0.0%
Rain Oncology CVR
0.0%
Written Option - Russell 2000 Index, $2,785, 05/15/26
-2.0%
Footnote Description
Footnote**
 Affiliated Investment.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

  • 1-888-493-8631 

  • https://www.globalxetfs.com/funds/ryld/ 

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GX-SA-RYLD-2026

Global X Funds

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Global X Nasdaq 100® Covered Call & Growth ETF

Ticker: QYLG

Principal Listing Exchange: Nasdaq

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about the Global X Nasdaq 100® Covered Call & Growth ETF (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/qylg/. You can also request this information by contacting us at 1-888-493-8631.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment) 

Table Summary
Fund Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Global X Nasdaq 100® Covered Call & Growth ETF
$18
0.35%Footnote Reference†
Footnote Description
Footnote†
 Annualized.

Key Fund Statistics as of April 30, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$141,307,327
102
$232,081
12.33%

What did the Fund invest in?

Asset/Sector WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Written Option
-1.7%
Real Estate
0.1%
Financials
0.2%
Energy
0.7%
Materials
1.1%
Utilities
1.4%
Industrials
3.7%
Health Care
4.3%
Consumer Staples
7.8%
Consumer Discretionary
12.4%
Communication Services
15.3%
Information Technology
54.6%
Footnote Description
Footnote*
 Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net Assets
NVIDIA
8.7%
Apple
7.1%
Microsoft
5.4%
Amazon.com
5.1%
Alphabet, Cl A
4.0%
Alphabet, Cl C
3.7%
Broadcom
3.5%
Tesla
3.4%
Meta Platforms, Cl A
3.2%
Walmart
3.2%

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

  • 1-888-493-8631 

  • https://www.globalxetfs.com/funds/qylg/ 

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GX-SA-QYLG-2026

Global X Funds

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

Ticker: XYLG

Principal Listing Exchange: NYSE Arca, Inc.

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about the Global X S&P 500® Covered Call & Growth ETF (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/xylg/. You can also request this information by contacting us at 1-888-493-8631.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment) 

Table Summary
Fund Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Global X S&P 500® Covered Call & Growth ETF
$18
0.35%Footnote Reference†
Footnote Description
Footnote†
 Annualized.

Key Fund Statistics as of April 30, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$63,776,407
504
$108,806
2.66%

What did the Fund invest in?

Asset/Sector WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Written Option
-1.0%
Real Estate
2.0%
Materials
2.0%
Utilities
2.4%
Energy
3.5%
Consumer Staples
5.0%
Health Care
8.6%
Industrials
8.9%
Consumer Discretionary
10.1%
Communication Services
11.1%
Financials
12.1%
Information Technology
35.2%
Footnote Description
Footnote*
 Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net Assets
NVIDIA
7.9%
Apple
6.5%
Microsoft
5.0%
Amazon.com
4.2%
Alphabet, Cl A
3.7%
Broadcom
3.2%
Alphabet, Cl C
2.9%
Meta Platforms, Cl A
2.2%
Tesla
1.8%
Berkshire Hathaway, Cl B
1.4%

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

  • 1-888-493-8631 

  • https://www.globalxetfs.com/funds/xylg/ 

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GX-SA-XYLG-2026

Global X Funds

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Global X NASDAQ 100® Risk Managed Income ETF

Ticker: QRMI

Principal Listing Exchange: Nasdaq

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about the Global X NASDAQ 100® Risk Managed Income ETF (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/qrmi/. You can also request this information by contacting us at 1-888-493-8631.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment) 

Table Summary
Fund Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Global X NASDAQ 100® Risk Managed Income ETF
$30
0.60%Footnote Reference†
Footnote Description
Footnote†
 Annualized.

Key Fund Statistics as of April 30, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$16,258,549
105
$48,735
9.70%

What did the Fund invest in?

Asset/Sector WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Written Options
-3.5%
Real Estate
0.1%
Purchased Options
0.2%
Financials
0.2%
Energy
0.6%
Materials
1.2%
Utilities
1.4%
Industrials
3.8%
Health Care
4.3%
Consumer Staples
7.9%
Consumer Discretionary
12.6%
Communication Services
15.6%
Information Technology
55.6%
Footnote Description
Footnote*
 Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net Assets
NVIDIA
8.8%
Apple
7.3%
Microsoft
5.5%
Amazon.com
5.2%
Alphabet, Cl A
4.1%
Alphabet, Cl C
3.8%
Broadcom
3.6%
Tesla
3.5%
Meta Platforms, Cl A
3.3%
Walmart
3.2%

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

  • 1-888-493-8631 

  • https://www.globalxetfs.com/funds/qrmi/ 

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GX-SA-QRMI-2026

Global X Funds

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Global X S&P 500® Risk Managed Income ETF

Ticker: XRMI

Principal Listing Exchange: NYSE Arca, Inc.

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about the Global X S&P 500® Risk Managed Income ETF (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/xrmi/. You can also request this information by contacting us at 1-888-493-8631.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment) 

Table Summary
Fund Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Global X S&P 500® Risk Managed Income ETF
$30
0.60%Footnote Reference†
Footnote Description
Footnote†
 Annualized.

Key Fund Statistics as of April 30, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$48,879,003
507
$132,191
3.41%

What did the Fund invest in?

Asset/Sector WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Written Options
-1.9%
Purchased Options
0.1%
Real Estate
2.0%
Materials
2.0%
Utilities
2.4%
Energy
3.6%
Consumer Staples
5.1%
Health Care
8.6%
Industrials
8.9%
Consumer Discretionary
10.2%
Communication Services
11.2%
Financials
12.2%
Information Technology
35.5%
Footnote Description
Footnote*
 Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net Assets
NVIDIA
8.0%
Apple
6.6%
Microsoft
5.0%
Amazon.com
4.3%
Alphabet, Cl A
3.7%
Broadcom
3.3%
Alphabet, Cl C
3.0%
Meta Platforms, Cl A
2.2%
Tesla
1.8%
Berkshire Hathaway, Cl B
1.4%

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

  • 1-888-493-8631 

  • https://www.globalxetfs.com/funds/xrmi/ 

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GX-SA-XRMI-2026

Global X Funds

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Global X Dow 30® Covered Call ETF

Ticker: DJIA

Principal Listing Exchange: NYSE Arca, Inc.

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about the Global X Dow 30® Covered Call ETF (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/djia/. You can also request this information by contacting us at 1-888-493-8631.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment) 

Table Summary
Fund Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Global X Dow 30® Covered Call ETF
$30
0.60%Footnote Reference†
Footnote Description
Footnote†
 Annualized.

Key Fund Statistics as of April 30, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$169,056,820
31
$468,514
3.39%

What did the Fund invest in?

Asset/Sector WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Written Option
-0.9%
Communication Services
1.9%
Energy
2.4%
Materials
4.0%
Consumer Staples
4.5%
Consumer Discretionary
11.6%
Health Care
13.2%
Information Technology
17.2%
Industrials
18.5%
Financials
27.4%
Footnote Description
Footnote*
 Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net Assets
Goldman Sachs Group
11.6%
Caterpillar
11.1%
Microsoft
5.1%
UnitedHealth Group
4.6%
Amgen
4.3%
Visa, Cl A
4.1%
Home Depot
4.1%
American Express
4.0%
Sherwin-Williams
4.0%
JPMorgan Chase
3.9%

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

  • 1-888-493-8631 

  • https://www.globalxetfs.com/funds/djia/ 

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GX-SA-DJIA-2026

Global X Funds

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Global X Russell 2000 Covered Call & Growth ETF

Ticker: RYLG

Principal Listing Exchange: NYSE Arca, Inc.

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about the Global X Russell 2000 Covered Call & Growth ETF (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/rylg/. You can also request this information by contacting us at 1-888-493-8631.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment) 

Table Summary
Fund Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Global X Russell 2000 Covered Call & Growth ETF
$18
0.35%Footnote Reference†
Footnote Description
Footnote†
 Annualized.

Key Fund Statistics as of April 30, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$7,955,430
3
$13,871
3.08%

What did the Fund invest in?

Asset WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Written Options
-1.0%
Exchange-Traded Fund
100.9%
Footnote Description
Footnote*
 Percentages are calculated based on total net assets.

Top Holdings

Table Summary
Holding Name
Percentage of Total Net Assets
Global X Russell 2000 ETFFootnote Reference**
100.9%
Written Option - Cboe Mini-Russell 2000 Index, $278, 05/15/26
0.0%
Written Option - Russell 2000 Index, $2,785, 05/15/26
-1.0%
Footnote Description
Footnote**
 Affiliated Investment.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

  • 1-888-493-8631 

  • https://www.globalxetfs.com/funds/rylg/ 

Image

GX-SA-RYLG-2026

Global X Funds

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Global X Information Technology Covered Call & Growth ETF

Ticker: TYLG

Principal Listing Exchange: NYSE Arca, Inc.

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about the Global X Information Technology Covered Call & Growth ETF (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/tylg/. You can also request this information by contacting us at 1-888-493-8631.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment) 

Table Summary
Fund Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Global X Information Technology Covered Call & Growth ETF
$29
0.56%Footnote Reference†
Footnote Description
Footnote†
 Annualized.

Key Fund Statistics as of April 30, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$12,672,303
75
$31,495
4.30%

What did the Fund invest in?

Asset/Sector WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Written Option
-2.8%
Information Technology
50.7%
Exchange-Traded Fund
52.0%
Footnote Description
Footnote*
 Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net Assets
Technology Select Sector SPDR ETF
52.0%
NVIDIA
7.5%
Apple
6.2%
Microsoft
4.7%
Broadcom
3.1%
Micron Technology
2.2%
Advanced Micro Devices
2.2%
Intel
1.7%
Cisco Systems
1.4%
Lam Research
1.2%

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

  • 1-888-493-8631 

  • https://www.globalxetfs.com/funds/tylg/ 

Image

GX-SA-TYLG-2026

Global X Funds

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Global X Dow 30® Covered Call & Growth ETF

Ticker: DYLG

Principal Listing Exchange: NYSE Arca, Inc.

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about the Global X Dow 30® Covered Call & Growth ETF (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/dylg/. You can also request this information by contacting us at 1-888-493-8631.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment) 

Table Summary
Fund Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Global X Dow 30® Covered Call & Growth ETF
$18
0.35%Footnote Reference†
Footnote Description
Footnote†
 Annualized.

Key Fund Statistics as of April 30, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$5,888,949
31
$9,395
1.97%

What did the Fund invest in?

Asset/Sector WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Written Option
-0.4%
Communication Services
1.9%
Energy
2.4%
Materials
4.0%
Consumer Staples
4.4%
Consumer Discretionary
11.6%
Health Care
13.1%
Information Technology
17.1%
Industrials
18.4%
Financials
27.3%
Footnote Description
Footnote*
 Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net Assets
Goldman Sachs Group
11.5%
Caterpillar
11.1%
Microsoft
5.0%
UnitedHealth Group
4.6%
Amgen
4.3%
Visa, Cl A
4.1%
Home Depot
4.1%
American Express
4.0%
Sherwin-Williams
4.0%
JPMorgan Chase
3.9%

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

  • 1-888-493-8631 

  • https://www.globalxetfs.com/funds/dylg/ 

Image

GX-SA-DYLG-2026

Global X Funds

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Global X MLP & Energy Infrastructure Covered Call ETF

Ticker: MLPD

Principal Listing Exchange: NYSE Arca, Inc.

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about the Global X MLP & Energy Infrastructure Covered Call ETF (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/mlpd/. You can also request this information by contacting us at 1-888-493-8631.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment) 

Table Summary
Fund Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Global X MLP & Energy Infrastructure Covered Call ETF
$32
0.60%Footnote Reference†
Footnote Description
Footnote†
 Annualized.

Key Fund Statistics as of April 30, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$28,854,491
2
$54,461
4.69%

What did the Fund invest in?

Asset WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Written Option
-5.6%
Exchange-Traded Fund
105.5%
Footnote Description
Footnote*
 Percentages are calculated based on total net assets.

Top Holdings

Table Summary
Holding Name
Percentage of Total Net Assets
Global X MLP & Energy Infrastructure ETFFootnote Reference**
105.5%
Written Option - Global X MLP & Energy Infrastructure ETF, $71, 05/15/26
-5.6%
Footnote Description
Footnote**
 Affiliated Investment.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

  • 1-888-493-8631 

  • https://www.globalxetfs.com/funds/mlpd/ 

Image

GX-SA-MLPD-2026

(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. Schedule of Investments.

 

(a) The Schedules of Investments and Consolidated Schedules of Investments are included as part of the financial statements and financial highlights filed under Item 7 of this form.

 

(b) Not applicable.

 

Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.

 

Financial statements and financial highlights are filed herein.

 

 

 

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 Information Technology Covered Call & Growth ETF (ticker: TYLG)

Global X Dow 30® Covered Call & Growth ETF (ticker: DYLG)

Global X MLP & Energy Infrastructure Covered Call ETF (ticker: MLPD)

 

Semi-Annual Financials and Other Information

April 30, 2026

 

Table of Contents

 

 

Financial Statements (Form N-CSRS Item 7)  
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 26
Global X S&P 500® Covered Call & Growth ETF 32
Global X NASDAQ 100® Risk Managed Income ETF 48
Global X S&P 500® Risk Managed Income ETF 54
Global X Dow 30® Covered Call ETF 70
Global X Russell 2000 Covered Call & Growth ETF 73
Global X Information Technology Covered Call & Growth ETF 75
Global X Dow 30® Covered Call & Growth ETF 79
Global X MLP & Energy Infrastructure Covered Call ETF 82
Glossary 84
Statements of Assets and Liabilities 85
Statements of Operations 88
Statements of Changes in Net Assets 91
Financial Highlights 97
Notes to Financial Statements 105
Other Information (Form N-CSRS Items 8-11) 128

 

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.

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call ETF

 

    Shares     Value
COMMON STOCK — 101.8%            
NETHERLANDS — 0.2%            
Information Technology — 0.2%            
NXP Semiconductors (A)     12,822     $ 3,764,411  
                 
SWITZERLAND — 0.1%                
Information Technology — 0.1%                
TE Connectivity PLC (A)     14,968       3,168,127  
                 
UNITED STATES — 101.5%                
Communication Services — 11.2%                
Alphabet, Cl A (A)     298,169       114,735,431  
Alphabet, Cl C (A)     239,500       91,474,630  
AT&T (A)     357,999       9,354,514  
Charter Communications, Cl A *(A)     4,609       761,269  
Comcast, Cl A (A)     183,281       4,955,918  
EchoStar, Cl A *(A)     6,779       834,766  
Electronic Arts (A)     11,455       2,318,148  
Fox, Cl A (A)     10,037       637,249  
Fox, Cl B (A)     6,985       398,285  
Live Nation Entertainment *(A)     7,988       1,261,625  
Meta Platforms, Cl A (A)     112,012       68,541,263  
Netflix *(A)     216,105       20,229,589  
News, Cl A (A)     18,361       483,262  
News, Cl B (A)     5,743       175,047  
Omnicom Group (A)     15,917       1,221,152  
Paramount Skydance Corp, Cl B (A)     14,589       149,391  
Take-Two Interactive Software *(A)     8,842       1,890,066  
TKO Group Holdings, Cl A (A)     3,497       650,757  
T-Mobile US (A)     24,189       4,728,949  
Trade Desk, Cl A *(A)     21,866       515,819  
Verizon Communications (A)     215,668       10,358,534  
Walt Disney (A)     90,596       9,399,335  
Warner Bros Discovery *(A)     126,378       3,418,525  
              348,493,524  
Consumer Discretionary — 10.2%                
Airbnb, Cl A *(A)     21,588       3,030,092  
Amazon.com *(A)     500,311       132,612,434  
APTIV PLC *(A)     10,635       640,865  

 

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

1

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call ETF

 

    Shares     Value
COMMON STOCK — continued                
Consumer Discretionary — continued                
AutoZone *(A)     843     $ 3,122,497  
Best Buy (A)     9,740       589,173  
Booking Holdings (A)     41,192       6,935,085  
Carnival (A)     58,386       1,547,813  
Carvana, Cl A *(A)     7,632       3,020,746  
Chipotle Mexican Grill, Cl A *(A)     66,282       2,252,925  
Darden Restaurants (A)     6,215       1,246,480  
Deckers Outdoor *(A)     7,133       728,993  
Domino’s Pizza (A)     1,661       563,777  
DoorDash, Cl A *(A)     19,059       3,214,300  
DR Horton (A)     13,700       2,107,882  
eBay (A)     23,004       2,380,454  
Expedia Group (A)     6,420       1,594,535  
Ford Motor (A)     199,512       2,410,105  
Garmin (A)     8,316       2,088,480  
General Motors (A)     46,113       3,545,629  
Genuine Parts (A)     6,990       749,538  
Hasbro (A)     6,670       639,253  
Hilton Worldwide Holdings (A)     11,704       3,792,915  
Home Depot (A)     50,951       16,752,689  
Las Vegas Sands (A)     15,217       831,000  
Lennar, Cl A (A)     10,881       982,554  
Lowe’s (A)     28,674       6,847,064  
Lululemon Athletica *(A)     5,770       794,529  
Marriott International, Cl A (A)     11,220       4,058,162  
McDonald’s (A)     36,430       10,695,484  
MGM Resorts International *(A)     9,423       366,932  
NIKE, Cl B (A)     60,694       2,692,386  
Norwegian Cruise Line Holdings *(A)     22,588       410,650  
NVR *(A)     155       978,960  
O’Reilly Automotive *(A)     42,962       4,270,423  
Pool (A)     1,732       369,470  
PulteGroup (A)     9,717       1,188,972  
Ralph Lauren, Cl A (A)     2,035       729,832  
Ross Stores (A)     16,498       3,758,079  
Royal Caribbean Cruises (A)     12,836       3,385,623  
Starbucks (A)     58,206       6,130,838  
Tapestry (A)     10,268       1,489,271  
Tesla *(A)     144,022       54,963,116  

 

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

2

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call ETF

 

    Shares     Value
COMMON STOCK — continued                
Consumer Discretionary — continued                
TJX (A)     56,779     $ 8,900,108  
Tractor Supply (A)     26,724       938,012  
Ulta Beauty *(A)     2,418       1,299,627  
Williams-Sonoma (A)     6,512       1,180,039  
Wynn Resorts (A)     4,444       475,997  
Yum! Brands (A)     14,128       2,255,535  
              315,559,323  
Consumer Staples — 5.0%                
Altria Group (A)     85,742       6,229,156  
Archer-Daniels-Midland (A)     24,381       1,817,360  
Brown-Forman, Cl B (A)     8,216       211,726  
Bunge Global (A)     6,804       864,584  
Casey’s General Stores     2,023       1,663,210  
Church & Dwight (A)     11,968       1,161,614  
Clorox (A)     6,430       620,109  
Coca-Cola (A)     198,100       15,602,356  
Colgate-Palmolive (A)     41,103       3,508,552  
Conagra Brands (A)     23,453       336,551  
Constellation Brands, Cl A (A)     7,529       1,178,891  
Costco Wholesale (A)     22,721       23,051,136  
Dollar General (A)     11,147       1,291,714  
Dollar Tree *(A)     9,323       905,357  
Estee Lauder, Cl A (A)     12,464       956,113  
General Mills (A)     26,896       949,698  
Hershey (A)     7,510       1,394,907  
Hormel Foods (A)     14,198       304,831  
J M Smucker (A)     5,854       573,868  
Kenvue (A)     97,264       1,705,038  
Keurig Dr Pepper (A)     69,001       2,028,629  
Kimberly-Clark (A)     16,843       1,657,857  
Kraft Heinz (A)     42,968       973,655  
Kroger (A)     29,594       2,014,464  
McCormick (A)     12,705       645,922  
Molson Coors Beverage, Cl B (A)     8,321       355,640  
Mondelez International, Cl A (A)     65,391       4,017,623  
Monster Beverage *(A)     36,332       2,800,107  
PepsiCo (A)     69,902       11,078,768  
Philip Morris International (A)     79,634       13,145,184  

 

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

3

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call ETF

 

    Shares     Value
COMMON STOCK — continued                
Consumer Staples — continued                
Procter & Gamble (A)     118,929     $ 17,493,267  
Sysco (A)     24,327       1,817,470  
Target (A)     23,071       2,993,462  
The Campbell’s Company (A)     9,334       194,054  
Tyson Foods, Cl A (A)     14,209       910,371  
Walmart (A)     224,410       29,606,411  
              156,059,655  
Energy — 3.6%                
APA (A)     17,725       721,939  
Baker Hughes, Cl A (A)     50,364       3,508,860  
Chevron (A)     95,926       18,543,455  
ConocoPhillips (A)     62,619       7,876,218  
Coterra Energy (A)     38,354       1,377,292  
Devon Energy (A)     31,417       1,613,891  
Diamondback Energy (A)     10,222       2,101,950  
EOG Resources (A)     27,676       3,890,415  
EQT (A)     31,698       1,904,416  
Expand Energy (A)     12,042       1,230,090  
Exxon Mobil (A)     213,951       33,019,058  
Halliburton (A)     42,488       1,797,242  
Kinder Morgan (A)     99,794       3,280,229  
Marathon Petroleum (A)     15,038       3,733,785  
Occidental Petroleum (A)     36,551       2,214,260  
ONEOK (A)     32,042       2,962,603  
Phillips 66 (A)     20,542       3,680,099  
SLB (A)     76,300       4,339,944  
Targa Resources (A)     10,925       2,841,374  
Texas Pacific Land (A)     3,062       1,358,518  
Valero Energy (A)     15,553       3,928,377  
Williams (A)     62,333       4,756,631  
              110,680,646  
Financials — 12.2%                
Aflac (A)     23,775       2,702,504  
Allstate (A)     13,249       2,878,478  
American Express (A)     27,390       8,848,339  
American International Group (A)     27,291       2,041,367  
Ameriprise Financial (A)     4,647       2,206,349  

 

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

4

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call ETF

 

    Shares     Value
COMMON STOCK — continued                
Financials — continued                
Aon PLC, Cl A (A)     10,936     $ 3,408,204  
Apollo Global Management (A)     23,659       3,045,386  
Arch Capital Group *(A)     18,148       1,714,260  
Ares Management, Cl A (A)     10,417       1,222,956  
Arthur J Gallagher (A)     13,096       2,703,014  
Assurant (A)     2,629       621,154  
Bank of America (A)     339,590       18,154,481  
Bank of New York Mellon (A)     35,143       4,722,165  
Berkshire Hathaway, Cl B *(A)     93,892       44,467,251  
Blackrock (A)     7,377       7,860,931  
Blackstone (A)     38,230       4,800,923  
Block, Cl A *(A)     27,838       1,962,857  
Brown & Brown (A)     14,769       888,355  
Capital One Financial (A)     31,942       6,110,505  
CBOE Global Markets (A)     5,608       1,682,905  
Charles Schwab (A)     85,387       7,824,865  
Chubb (A)     18,579       6,075,333  
Cincinnati Financial (A)     7,898       1,292,113  
Citigroup (A)     89,396       11,440,900  
Citizens Financial Group (A)     21,529       1,400,461  
CME Group, Cl A (A)     18,412       5,299,342  
Coinbase Global, Cl A *(A)     11,345       2,130,251  
Corpay *(A)     3,709       1,136,697  
Erie Indemnity, Cl A (A)     1,516       331,898  
Everest Group (A)     2,201       785,229  
FactSet Research Systems (A)     1,952       444,236  
Fidelity National Information Services (A)     26,200       1,219,086  
Fifth Third Bancorp (A)     45,794       2,324,503  
Fiserv *(A)     27,310       1,710,971  
Franklin Resources (A)     15,168       454,585  
Global Payments (A)     11,979       862,009  
Globe Life (A)     4,195       647,289  
Goldman Sachs Group (A)     15,346       14,176,174  
Hartford Financial Services Group (A)     14,176       1,939,419  
Huntington Bancshares (A)     103,044       1,727,017  
Interactive Brokers Group, Cl A (A)     22,623       1,798,529  
Intercontinental Exchange (A)     28,994       4,583,661  
Invesco (A)     22,117       579,687  
Jack Henry & Associates (A)     3,948       607,005  

 

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

5

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call ETF

 

    Shares     Value
COMMON STOCK — continued                
Financials — continued                
JPMorgan Chase (A)     138,054     $ 43,242,654  
KeyCorp (A)     47,283       1,045,427  
KKR (A)     35,015       3,653,465  
Loews (A)     8,514       958,762  
M&T Bank (A)     7,706       1,684,763  
Marsh & McLennan (A)     24,708       4,143,779  
Mastercard, Cl A (A)     41,681       20,962,209  
MetLife (A)     27,999       2,242,720  
Moody’s (A)     7,824       3,613,514  
Morgan Stanley (A)     61,542       11,729,290  
MSCI, Cl A (A)     3,976       2,351,446  
Nasdaq (A)     22,828       2,098,121  
Northern Trust (A)     9,445       1,571,081  
PayPal Holdings (A)     46,850       2,349,059  
PNC Financial Services Group (A)     20,622       4,598,706  
Principal Financial Group (A)     9,968       1,005,871  
Progressive (A)     29,946       6,027,531  
Prudential Financial (A)     17,669       1,733,506  
Raymond James Financial (A)     8,880       1,405,882  
Regions Financial (A)     43,911       1,253,659  
Robinhood Markets, Cl A *(A)     40,309       2,938,123  
S&P Global (A)     15,638       6,743,575  
State Street (A)     14,191       2,168,952  
Synchrony Financial (A)     17,603       1,341,349  
T Rowe Price Group (A)     11,033       1,135,075  
Travelers (A)     11,020       3,362,643  
Truist Financial (A)     64,354       3,314,231  
US Bancorp (A)     79,345       4,495,688  
Visa, Cl A (A)     86,057       28,385,041  
W R Berkley (A)     15,029       1,004,388  
Wells Fargo (A)     158,221       13,010,513  
Willis Towers Watson PLC (A)     5,154       1,320,455  
              379,725,122  
Health Care — 8.6%                
Abbott Laboratories (A)     88,911       8,072,230  
AbbVie (A)     90,457       19,115,373  
Agilent Technologies (A)     14,361       1,659,414  
Align Technology *(A)     3,489       614,099  

 

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

6

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call ETF

 

    Shares     Value
COMMON STOCK — continued                
Health Care — continued                
Amgen (A)     27,542     $ 9,536,418  
Baxter International (A)     25,527       448,765  
Becton Dickinson (A)     14,488       2,159,292  
Biogen *(A)     7,430       1,406,350  
Bio-Techne (A)     7,751       428,785  
Boston Scientific *(A)     75,722       4,362,344  
Bristol-Myers Squibb (A)     104,058       6,304,874  
Cardinal Health (A)     11,985       2,311,667  
Cencora (A)     9,913       3,053,303  
Centene *(A)     23,519       1,262,735  
Charles River Laboratories International *(A)     2,566       428,445  
Cigna Group (A)     13,442       3,905,976  
Cooper *(A)     9,814       617,301  
CVS Health (A)     64,960       5,410,518  
Danaher (A)     32,144       5,752,169  
DaVita *(A)     1,746       270,874  
Dexcom *(A)     19,471       1,159,498  
Edwards Lifesciences *(A)     29,534       2,466,089  
Elevance Health (A)     11,252       4,235,478  
Eli Lilly (A)     40,569       37,915,787  
GE HealthCare Technologies (A)     23,136       1,407,594  
Gilead Sciences (A)     63,435       8,299,835  
HCA Healthcare (A)     7,986       3,469,518  
Henry Schein *(A)     5,490       409,499  
Humana (A)     6,617       1,564,524  
IDEXX Laboratories *(A)     4,245       2,380,596  
Incyte *(A)     8,402       800,459  
Insulet *(A)     3,708       638,295  
Intuitive Surgical *(A)     18,154       8,307,452  
IQVIA Holdings *(A)     8,598       1,361,665  
Johnson & Johnson (A)     123,372       28,357,054  
Labcorp Holdings (A)     4,547       1,167,670  
McKesson (A)     6,258       5,101,522  
Medtronic PLC (A)     65,491       5,302,806  
Merck (A)     126,997       13,865,532  
Mettler-Toledo International *(A)     1,130       1,442,569  
Moderna *(A)     17,521       804,915  
Pfizer (A)     290,669       7,760,862  
Quest Diagnostics (A)     5,934       1,152,383  

 

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

7

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call ETF

 

    Shares     Value
COMMON STOCK — continued                
Health Care — continued                
Regeneron Pharmaceuticals (A)     5,146     $ 3,638,531  
ResMed (A)     7,394       1,580,911  
Revvity (A)     5,642       488,710  
Solventum *(A)     7,331       493,816  
STERIS PLC (A)     5,258       1,140,355  
Stryker (A)     17,594       5,544,397  
Thermo Fisher Scientific (A)     19,210       9,200,822  
UnitedHealth Group (A)     46,350       17,171,748  
Universal Health Services, Cl B (A)     2,904       488,656  
Vertex Pharmaceuticals *(A)     12,978       5,546,538  
Viatris (A)     57,938       865,594  
Waters *(A)     5,230       1,617,273  
West Pharmaceutical Services (A)     3,763       1,119,831  
Zimmer Biomet Holdings (A)     9,985       823,064  
Zoetis, Cl A (A)     21,497       2,471,510  
              268,684,290  
Industrials — 9.0%                
3M (A)     26,874       3,937,579  
A O Smith (A)     5,524       341,604  
Allegion PLC (A)     4,559       626,771  
AMETEK (A)     11,731       2,762,651  
Automatic Data Processing (A)     20,549       4,355,155  
Axon Enterprise *(A)     4,330       1,739,621  
Boeing *(A)     40,156       9,196,929  
Broadridge Financial Solutions (A)     6,406       986,396  
Builders FirstSource *(A)     5,492       434,362  
Carrier Global (A)     39,989       2,686,061  
Caterpillar (A)     23,812       21,195,299  
CH Robinson Worldwide (A)     6,509       1,183,401  
Cintas (A)     17,321       3,026,152  
Comfort Systems USA (A)     1,883       3,465,191  
Copart *(A)     45,150       1,494,917  
CSX (A)     94,888       4,310,762  
Cummins (A)     7,053       4,732,634  
Deere (A)     12,890       7,603,424  
Delta Air Lines (A)     33,054       2,247,341  
Dover (A)     7,346       1,663,208  
Eaton PLC (A)     19,860       8,599,579  

 

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

8

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call ETF

 

    Shares     Value
COMMON STOCK — continued                
Industrials — continued                
EMCOR Group (A)     2,414     $ 2,152,491  
Emerson Electric (A)     28,683       4,028,241  
Equifax (A)     6,476       1,126,435  
Expeditors International of Washington (A)     6,760       999,736  
Fastenal (A)     58,477       2,627,372  
FedEx (A)     11,036       4,450,929  
Fortive (A)     15,796       944,443  
GE Aerospace (A)     53,672       15,561,123  
GE Vernova (A)     13,792       14,943,080  
Generac Holdings *(A)     3,222       835,239  
General Dynamics (A)     12,956       4,460,751  
Honeywell International (A)     32,452       6,955,437  
Howmet Aerospace (A)     20,480       4,977,459  
Hubbell, Cl B (A)     2,920       1,483,856  
Huntington Ingalls Industries (A)     2,069       753,716  
IDEX (A)     4,095       892,096  
Illinois Tool Works (A)     13,379       3,451,916  
Ingersoll Rand (A)     18,047       1,441,233  
Jacobs Solutions (A)     6,348       821,495  
JB Hunt Transport Services (A)     3,987       1,002,850  
Johnson Controls International PLC (A)     31,241       4,562,123  
L3Harris Technologies (A)     9,520       3,051,636  
Leidos Holdings (A)     6,450       962,469  
Lennox International (A)     1,683       900,220  
Lockheed Martin (A)     10,341       5,356,328  
Masco (A)     10,193       732,061  
Nordson (A)     2,809       810,256  
Norfolk Southern (A)     11,447       3,615,306  
Northrop Grumman (A)     6,811       3,946,838  
Old Dominion Freight Line (A)     9,352       1,986,645  
Otis Worldwide (A)     19,726       1,536,261  
PACCAR (A)     26,784       3,181,939  
Parker-Hannifin (A)     6,451       5,866,668  
Paychex (A)     16,377       1,517,002  
Pentair PLC (A)     8,212       662,791  
Quanta Services (A)     7,612       5,539,785  
Republic Services, Cl A (A)     10,228       2,139,902  
Rockwell Automation (A)     5,720       2,338,965  
Rollins (A)     14,751       822,073  

 

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

9

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call ETF

 

    Shares     Value
COMMON STOCK — continued                
Industrials — continued                
RTX (A)     68,676     $ 12,091,783  
Snap-On (A)     2,749       1,053,967  
Southwest Airlines (A)     24,802       940,492  
Stanley Black & Decker (A)     7,716       603,083  
Textron (A)     8,751       839,746  
Trane Technologies PLC (A)     11,300       5,565,702  
TransDigm Group (A)     2,877       3,337,262  
Uber Technologies *(A)     105,222       7,850,613  
Union Pacific (A)     30,333       8,174,137  
United Airlines Holdings *(A)     16,412       1,477,080  
United Parcel Service, Cl B (A)     37,707       4,102,522  
United Rentals (A)     3,417       3,279,773  
Veralto (A)     12,553       1,107,175  
Verisk Analytics, Cl A (A)     7,053       1,301,208  
Vertiv Holdings, Cl A (A)     19,549       6,421,651  
Waste Management (A)     18,933       4,402,869  
Westinghouse Air Brake Technologies (A)     8,674       2,341,026  
WW Grainger (A)     2,224       2,582,842  
Xylem (A)     12,354       1,459,749  
              278,960,883  
Information Technology — 35.4%                
Accenture PLC, Cl A (A)     31,437       5,618,106  
Adobe *(A)     20,966       5,159,733  
Advanced Micro Devices *(A)     83,458       29,585,026  
Akamai Technologies *(A)     7,207       742,177  
Amphenol, Cl A (A)     62,858       9,257,098  
Analog Devices (A)     24,984       10,050,064  
Apple (A)     751,937       204,038,105  
Applied Materials (A)     40,613       16,021,422  
AppLovin, Cl A *(A)     13,851       6,182,394  
Arista Networks *(A)     52,799       9,118,915  
Autodesk *(A)     10,791       2,557,467  
Broadcom (A)     242,812       101,357,013  
Cadence Design Systems *(A)     13,894       4,579,324  
CDW (A)     6,554       897,308  
Ciena *(A)     7,185       3,790,662  
Cisco Systems (A)     202,198       18,501,117  
Cognizant Technology Solutions, Cl A (A)     24,240       1,282,296  

 

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

10

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call ETF

 

    Shares     Value
COMMON STOCK — continued                
Information Technology — continued                
Coherent *(A)     9,555     $ 3,054,829  
Corning (A)     39,894       6,552,191  
Crowdstrike Holdings, Cl A *(A)     12,879       5,740,814  
Datadog, Cl A *(A)     16,689       2,206,119  
Dell Technologies, Cl C (A)     15,143       3,164,130  
EPAM Systems *(A)     2,898       329,734  
F5 *(A)     3,036       983,360  
Fair Isaac *(A)     1,301       1,333,525  
First Solar *(A)     5,757       1,162,281  
Fortinet *(A)     32,184       2,713,433  
Gartner *(A)     3,838       569,905  
Gen Digital (A)     27,460       529,703  
GoDaddy, Cl A *(A)     6,739       584,878  
Hewlett Packard Enterprise (A)     67,474       1,941,227  
HP (A)     46,231       964,379  
Intel *(A)     240,271       22,700,804  
International Business Machines (A)     47,815       11,044,309  
Intuit (A)     14,215       5,522,528  
Jabil (A)     5,649       1,906,481  
Keysight Technologies *(A)     8,738       3,057,514  
KLA (A)     6,707       11,739,597  
Lam Research (A)     63,903       16,478,028  
Lumentum Holdings *(A)     3,635       3,279,933  
Microchip Technology (A)     27,525       2,557,348  
Micron Technology (A)     57,612       29,794,622  
Microsoft (A)     380,312       155,083,627  
Monolithic Power Systems (A)     2,481       4,005,351  
Motorola Solutions (A)     8,449       3,709,365  
NetApp (A)     9,993       1,106,925  
NVIDIA (A)     1,244,600       248,384,822  
ON Semiconductor *(A)     19,998       2,015,998  
Oracle (A)     86,765       14,003,003  
Palantir Technologies, Cl A *(A)     116,899       16,261,820  
Palo Alto Networks *(A)     41,294       7,404,840  
PTC *(A)     6,397       871,911  
Qnity Electronics (A)     10,611       1,492,543  
QUALCOMM (A)     54,538       9,793,934  
Roper Technologies (A)     5,830       2,068,542  
Salesforce (A)     47,907       8,457,023  

 

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

11

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call ETF

 

    Shares     Value
COMMON STOCK — continued                
Information Technology — continued                
Sandisk *(A)     7,544     $ 8,272,071  
Seagate Technology Holdings (A)     11,137       7,502,329  
ServiceNow *(A)     53,417       4,717,255  
Skyworks Solutions (A)     8,038       564,027  
Super Micro Computer *(A)     25,221       691,055  
Synopsys *(A)     9,762       4,711,141  
Teledyne Technologies *(A)     2,527       1,632,063  
Teradyne (A)     7,980       2,740,891  
Texas Instruments (A)     46,418       13,047,171  
Trimble *(A)     11,966       805,551  
Tyler Technologies *(A)     2,275       776,094  
VeriSign (A)     4,387       1,178,611  
Western Digital (A)     17,322       7,526,755  
Workday, Cl A *(A)     10,780       1,319,472  
Zebra Technologies, Cl A *(A)     2,653       600,268  
              1,099,394,357  
Materials — 2.0%                
Air Products & Chemicals (A)     11,347       3,404,667  
Albemarle (A)     6,467       1,272,059  
Amcor PLC (A)     23,294       886,104  
Avery Dennison (A)     4,101       672,277  
Ball (A)     13,490       823,969  
CF Industries Holdings (A)     7,851       975,094  
Corteva (A)     34,249       2,774,512  
CRH PLC (A)     34,197       4,049,609  
Dow (A)     36,324       1,470,759  
DuPont de Nemours (A)     20,638       942,331  
Ecolab (A)     13,004       3,388,842  
Freeport-McMoRan (A)     73,399       4,240,994  
International Flavors & Fragrances (A)     12,916       906,703  
International Paper (A)     26,634       810,206  
Linde PLC (A)     23,885       11,969,729  
LyondellBasell Industries, Cl A (A)     12,961       966,891  
Martin Marietta Materials (A)     3,304       2,045,407  
Mosaic (A)     15,618       363,431  
Newmont (A)     55,761       6,194,490  
Nucor (A)     11,648       2,624,178  
Packaging Corp of America (A)     4,903       1,046,545  

 

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

12

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call ETF

 

    Shares     Value
COMMON STOCK — continued                
Materials — continued                
PPG Industries (A)     11,355     $ 1,232,018  
Sherwin-Williams (A)     11,769       3,785,028  
Smurfit WestRock PLC (A)     26,387       1,012,997  
Steel Dynamics (A)     6,955       1,590,330  
Vulcan Materials (A)     6,716       2,026,486  
              61,475,656  
Real Estate — 1.9%                
Alexandria Real Estate Equities ‡(A)     7,666       310,550  
American Tower ‡(A)     23,893       4,365,490  
AvalonBay Communities ‡(A)     7,164       1,311,012  
BXP ‡(A)     7,284       425,823  
Camden Property Trust ‡(A)     5,603       588,427  
CBRE Group, Cl A *(A)     14,781       2,109,692  
CoStar Group *(A)     21,319       737,851  
Crown Castle ‡(A)     22,132       1,964,879  
Digital Realty Trust ‡(A)     16,464       3,308,276  
Equinix ‡(A)     5,022       5,437,972  
Equity Residential ‡(A)     17,360       1,134,997  
Essex Property Trust ‡(A)     3,410       897,546  
Extra Space Storage ‡(A)     10,761       1,542,374  
Federal Realty Investment Trust ‡(A)     4,306       477,535  
Healthpeak Properties ‡(A)     34,707       561,212  
Host Hotels & Resorts ‡(A)     32,017       676,519  
Invitation Homes ‡(A)     28,313       814,565  
Iron Mountain ‡(A)     15,022       1,892,622  
Kimco Realty ‡(A)     33,881       800,947  
Mid-America Apartment Communities ‡(A)     6,217       803,112  
ProLogis ‡(A)     47,505       6,746,660  
Public Storage ‡(A)     8,040       2,431,698  
Realty Income ‡(A)     46,880       3,011,571  
Regency Centers ‡(A)     8,238       641,328  
SBA Communications, Cl A ‡(A)     5,688       1,258,186  
Simon Property Group ‡(A)     16,581       3,377,715  
UDR ‡(A)     14,963       543,755  
Ventas ‡(A)     24,145       2,121,380  
VICI Properties, Cl A ‡(A)     54,208       1,582,874  
Welltower ‡(A)     35,670       7,752,518  

 

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

13

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call ETF

 

    Shares     Value
COMMON STOCK — continued            
Real Estate — continued            
Weyerhaeuser ‡(A)     36,289     $ 889,806  
              60,518,892  
Utilities — 2.4%                
AES (A)     35,407       511,631  
Alliant Energy (A)     12,956       951,359  
Ameren (A)     14,021       1,593,487  
American Electric Power (A)     27,592       3,783,139  
American Water Works (A)     9,875       1,268,147  
Atmos Energy (A)     8,390       1,593,932  
CenterPoint Energy (A)     33,077       1,443,811  
CMS Energy (A)     15,495       1,189,086  
Consolidated Edison (A)     18,342       2,044,950  
Constellation Energy (A)     15,909       4,979,517  
Dominion Energy (A)     43,493       2,805,298  
DTE Energy (A)     10,528       1,596,992  
Duke Energy (A)     39,710       5,144,431  
Edison International (A)     19,494       1,354,638  
Entergy (A)     23,035       2,716,057  
Evergy (A)     11,608       961,607  
Eversource Energy (A)     18,988       1,342,452  
Exelon (A)     52,064       2,394,423  
FirstEnergy (A)     26,316       1,250,536  
NextEra Energy (A)     106,507       10,424,905  
NiSource (A)     24,189       1,167,845  
NRG Energy (A)     10,782       1,677,464  
PG&E (A)     111,683       1,856,171  
Pinnacle West Capital (A)     6,472       671,276  
PPL (A)     37,497       1,403,888  
Public Service Enterprise Group (A)     25,375       2,072,123  
Sempra (A)     33,262       3,163,881  
Southern (A)     56,233       5,437,731  
Vistra (A)     16,218       2,559,849  
WEC Energy Group (A)     16,535       1,950,138  
Xcel Energy (A)     30,108       2,497,459  
              73,808,223  
TOTAL UNITED STATES             3,153,360,571  
TOTAL COMMON STOCK
(Cost $1,872,269,225)		             3,160,293,109  

 

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

14

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call ETF

 

    Shares     Value
EXCHANGE-TRADED FUND — 0.1%            
Domestic Equity — 0.1%            
Global X U.S. 500 ETF (A)(B)     40,000     $ 3,463,240  
TOTAL EXCHANGE-TRADED FUND
(Cost $3,178,873)		             3,463,240  
TOTAL INVESTMENTS — 101.9%
(Cost $1,875,448,098)		           $ 3,163,756,349  
                 
WRITTEN OPTIONS — (1.9)%                
(Premiums Received  $(54,299,791))           $ (59,472,800 )

 

Percentages are based on Net Assets of $3,106,126,884.

 

A list of exchange-traded option contracts held by the Fund at April 30, 2026, is as follows:

 

Description   Number of
Contracts		   Notional
Amount		   Exercise
Price		     Expiration
Date		     Value
WRITTEN OPTIONS — (1.9)%                            
Call Options                            
S&P 500 Index     (4,373)     $ (3,152,500,073)     $ 7,130.00       5/15/2026   $ (59,472,800)

 

* Non-income producing security.
‡ Real Estate Investment Trust
(A) All or a portion of these securities have been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $3,162,081,199.
(B) Affiliated investment.

 

The following is a summary of the level of inputs used as of April 30, 2026, 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   $ 3,160,293,109     $ —     $ —     $ 3,160,293,109  
Exchange-Traded Fund     3,463,240       —       —       3,463,240  
Total Investments in Securities   $ 3,163,756,349     $ —     $ —     $ 3,163,756,349  
                                 
Other Financial Instruments     Level 1     Level 2       Level 3       Total
Written Options   $ (59,472,800 )    $ —     $ —     $ (59,472,800 )
Total Other Financial Instruments   $ (59,472,800 )    $ —     $ —     $ (59,472,800 )

 

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

15

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call ETF

 

The following is a summary of the Fund’s transactions with affiliates for the period ended April 30, 2026:

Value
10/31/2025		     Purchases
at Cost		     Proceeds
from Sales		     Change in
Unrealized
Appreciation
(Depreciation)		     Realized Gain
(Loss)		     Value
4/30/2026		     Income     Capital Gains  
Global X U.S. 500 ETF
$ 3,295,964     $ —     $ —     $ 167,276     $ —     $ 3,463,240     $ 13,807     $ —   

 

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.

16

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X NASDAQ 100® Covered Call ETF

 

    Shares     Value  
COMMON STOCK(A) — 103.4%                
BRAZIL — 0.5%                
Consumer Discretionary — 0.5%                
MercadoLibre *     21,331     $ 38,238,590  
                 
CANADA — 1.0%                
Industrials — 0.2%                
Thomson Reuters     183,872       17,594,712  
                 
Information Technology — 0.8%                
Shopify, Cl A *     514,872       62,366,445  
                 
TOTAL CANADA             79,961,157  
CHINA — 0.3%                
Consumer Discretionary — 0.3%                
PDD Holdings ADR *     277,581       27,724,790  
                 
NETHERLANDS — 1.0%                
Information Technology — 1.0%                
ASML Holding     36,659       52,751,935  
NXP Semiconductors     104,626       30,717,147  
                 
TOTAL NETHERLANDS             83,469,082  
UNITED KINGDOM — 0.2%                
Consumer Staples — 0.2%                
Coca-Cola Europacific Partners PLC     189,666       17,936,714  
                 
UNITED STATES — 100.4%                
Communication Services — 15.6%                
Alphabet, Cl A     886,457       341,108,654  
Alphabet, Cl C     827,939       316,223,022  
Charter Communications, Cl A *     57,694       9,529,318  
Comcast, Cl A     1,505,870       40,718,725  
Electronic Arts     103,593       20,964,115  
Meta Platforms, Cl A     449,022       274,761,052  
Netflix *     1,774,389       166,100,554  
Take-Two Interactive Software *     76,445       16,340,883  
T-Mobile US     462,856       90,488,348  

 

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

17

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X NASDAQ 100® Covered Call ETF

 

    Shares     Value  
COMMON STOCK — continued                
Communication Services — continued                
Warner Bros Discovery *     1,028,705     $ 27,826,470  
              1,304,061,141  
Consumer Discretionary — 11.9%                
Airbnb, Cl A *     175,405       24,619,846  
Amazon.com *     1,634,622       433,272,907  
Booking Holdings     332,515       55,982,226  
DoorDash, Cl A *     171,883       28,988,068  
Marriott International, Cl A     111,244       40,235,842  
O’Reilly Automotive *     351,598       34,948,841  
Ross Stores     135,618       30,892,424  
Starbucks     478,233       50,372,282  
Tesla *     759,982       290,031,931  
              989,344,367  
Consumer Staples — 7.7%                
Costco Wholesale     186,545       189,255,499  
Keurig Dr Pepper     561,470       16,507,218  
Kraft Heinz     487,346       11,043,260  
Mondelez International, Cl A     537,448       33,020,805  
Monster Beverage *     405,877       31,280,941  
PepsiCo     574,129       90,993,705  
Walmart     2,054,227       271,014,168  
              643,115,596  
Energy — 0.6%                
Baker Hughes, Cl A     409,674       28,541,988  
Diamondback Energy     116,697       23,996,404  
              52,538,392  
Financials — 0.2%                
PayPal Holdings     380,771       19,091,858  
                 
Health Care — 4.3%                
Alnylam Pharmaceuticals *     54,912       16,994,715  
Amgen     226,402       78,391,693  
Dexcom *     158,435       9,434,804  
GE HealthCare Technologies     187,950       11,434,878  
Gilead Sciences     521,385       68,218,014  

 

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

18

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X NASDAQ 100® Covered Call ETF

 

    Shares     Value  
COMMON STOCK — continued                
Health Care — continued                
IDEXX Laboratories *     32,889     $ 18,444,151  
Insmed *     98,386       13,412,963  
Intuitive Surgical *     149,166       68,259,853  
Regeneron Pharmaceuticals     43,567       30,804,483  
Vertex Pharmaceuticals *     106,660       45,584,351  
              360,979,905  
Industrials — 3.6%                
Automatic Data Processing     168,828       35,781,406  
Axon Enterprise *     36,585       14,698,390  
Cintas     167,620       29,284,890  
Copart *     399,656       13,232,610  
CSX     779,918       35,431,675  
Fastenal     475,339       21,356,981  
Ferrovial     297,930       20,530,356  
Honeywell International     266,884       57,201,248  
Old Dominion Freight Line     92,136       19,572,451  
PACCAR     218,050       25,904,340  
Paychex     148,093       13,717,855  
Verisk Analytics, Cl A     56,823       10,483,275  
              297,195,477  
Information Technology — 53.8%                
Adobe *     171,011       42,085,807  
Advanced Micro Devices *     685,179       242,889,104  
Analog Devices     205,097       82,502,319  
Apple     2,235,644       606,641,999  
Applied Materials     333,488       131,557,681  
AppLovin, Cl A *     128,905       57,536,747  
ARM Holdings PLC ADR *     58,200       12,240,624  
Autodesk *     87,719       20,789,403  
Broadcom     721,829       301,313,079  
Cadence Design Systems *     115,750       38,150,042  
Cisco Systems     1,659,742       151,866,393  
Cognizant Technology Solutions, Cl A     197,134       10,428,389  
Crowdstrike Holdings, Cl A *     105,836       47,176,397  
Datadog, Cl A *     135,873       17,961,052  
Fortinet *     306,504       25,841,352  
Intel *     2,098,963       198,310,024  

 

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

19

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X NASDAQ 100® Covered Call ETF

 

    Shares     Value  
COMMON STOCK — continued                
Information Technology — continued                
Intuit     115,998     $ 45,065,223  
KLA     55,089       96,425,031  
Lam Research     524,777       135,318,997  
Marvell Technology     365,678       60,391,722  
Microchip Technology     223,492       20,764,642  
Micron Technology     473,066       244,650,813  
Microsoft     1,130,769       461,104,983  
Monolithic Power Systems     20,446       33,008,227  
NVIDIA     3,700,427       738,494,216  
Palantir Technologies, Cl A *     962,852       133,942,342  
Palo Alto Networks *     342,642       61,442,563  
QUALCOMM     447,966       80,445,734  
Roper Technologies     42,560       15,100,714  
Sandisk *     62,013       67,997,875  
Seagate Technology Holdings     91,535       61,661,637  
Strategy, Cl A *     130,478       21,587,585  
Synopsys *     80,323       38,763,880  
Texas Instruments     381,247       107,160,907  
Western Digital     142,336       61,847,839  
Workday, Cl A *     87,642       10,727,381  
Zscaler *     70,280       9,184,190  
              4,492,376,913  
Materials — 1.2%                
Linde PLC     194,693       97,568,450  
                 
Real Estate — 0.1%                
CoStar Group *     182,340       6,310,787  
                 
Utilities — 1.4%                
American Electric Power     224,366       30,762,822  
Constellation Energy     151,955       47,561,915  
Exelon     423,610       19,481,824  

 

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

20

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X NASDAQ 100® Covered Call ETF

 

    Shares     Value  
COMMON STOCK — continued                
Utilities — continued                
Xcel Energy     258,326     $ 21,428,142  
              119,234,703  
TOTAL UNITED STATES             8,381,817,589  
TOTAL COMMON STOCK
(Cost $4,512,266,281)		             8,629,147,922  
TOTAL INVESTMENTS — 103.4%
(Cost $4,512,266,281)		           $ 8,629,147,922  
                 
WRITTEN OPTIONS — (3.5)%                
(Premiums Received  $(182,580,833))           $ (294,392,175 )

 

Percentages are based on Net Assets of $8,345,243,910.

 

A list of exchange-traded option contracts held by the Fund at April 30, 2026, is as follows:

 

Description   Number of
Contracts		     Notional
Amount		     Exercise
Price		     Expiration
Date		   Value
WRITTEN OPTIONS — (3.5)%                                  
Call Options                                  
Nasdaq-100     (3,135 )   $ (8,606,239,620)     $ 26,700.00     5/15/2026   $ (294,392,175)

 

* Non-income producing security.
(A) All or a portion of these securities have been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $8,602,417,192.

 

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

21

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X NASDAQ 100® Covered Call ETF

 

The following is a summary of the level of inputs used as of April 30, 2026, 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   $ 8,629,147,922     $ —     $ —     $ 8,629,147,922  
Total Investments in Securities   $ 8,629,147,922     $ —     $ —     $ 8,629,147,922  
                                 
Other Financial Instruments     Level 1       Level 2       Level 3       Total  
Written Options   $ (294,392,175 )   $ —     $ —     $ (294,392,175 )
Total Other Financial Instruments   $ (294,392,175 )   $ —     $ —     $ (294,392,175 )

 

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.

22

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X Russell 2000 Covered Call ETF

 

    Shares     Value  
EXCHANGE-TRADED FUND — 102.0%                
Domestic Equity — 102.0%                
Global X Russell 2000 ETF (A)(B)(C)     12,385,033     $ 1,345,138,434  
TOTAL EXCHANGE-TRADED FUND
(Cost $982,533,359)		             1,345,138,434  
                 
    Number of
Rights		          
RIGHTS — 0.0%                
United States — 0.0%                
Cartesian Therapeutics CVR# *(D)     1       —  
Inhibrx CVR# *(D)     15,798       10,269  
Novartis CVR# *(D)     26,043       10,157  
OmniAb CVR# *(D)     2,421       —  
OmniAb CVR# *(D)     2,421       —  
Rain Oncology CVR# *(D)     1       —  
TOTAL RIGHTS
(Cost $–)		             20,426  
               
    Number of
Warrants		          
WARRANTS — 0.0%                
United States — 0.0%                
Pulse Biosciences, Expires 6/29/30 Strike Price $11.00*(D)     1,148       5,837  
TOTAL WARRANTS
(Cost $–)		             5,837  
TOTAL INVESTMENTS — 102.0%
(Cost $982,533,359)		           $ 1,345,164,697  
                 
                 
WRITTEN OPTIONS — (2.0)%                
(Premiums Received  $(33,130,882))           $ (26,752,150 )
                 
Percentages are based on Net Assets of $1,319,038,806.                

 

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

23

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X Russell 2000 Covered Call ETF

 

A list of exchange-traded option contracts held by the Fund at April 30, 2026, is as follows:

 

Description   Number of
Contracts		     Notional
Amount		     Exercise
Price		     Expiration
Date		   Value
WRITTEN OPTIONS — (2.0)%                                  
Call Options                                  
Russell 2000 Index     (4,790)     $ (1,341,156,890)     $ 2,785.00     5/15/2026   $ (26,752,150)

 

* Non-income producing security.
# Expiration date not available.
(A) All or a portion of these securities have been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $1,345,138,434.
(B) For financial information on the Global X Russell 2000 ETF, please go to the Fund’s website at https://www.globalxetfs.com/explore/.
(C) Affiliated investment.
(D) Level 3 security in accordance with fair value hierarchy.

 

The following is a summary of the level of inputs used as of April 30, 2026, in valuing the Fund’s investments and other financial instruments carried at value:

 

Investments in Securities   Level 1     Level 2     Level 3(1)     Total  
Exchange-Traded Fund   $ 1,345,138,434     $ —     $ —     $ 1,345,138,434  
Rights     —       —       20,426       20,426  
Warrants     —       —       5,837       5,837  
Total Investments in Securities   $ 1,345,138,434     $ —     $ 26,263     $ 1,345,164,697  
                                 
Other Financial Instruments     Level 1       Level 2       Level 3       Total  
Written Options   $ (26,752,150 )   $ —     $ —     $ (26,752,150 )
Total Other Financial Instruments   $ (26,752,150 )   $ —     $ —     $ (26,752,150 )

 

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

24

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X Russell 2000 Covered Call ETF

 

The following is a summary of the Fund’s transactions with affiliates for the period ended April 30, 2026:

Value
10/31/2025		     Purchases
at Cost		     Proceeds
from Sales		     Change in
Unrealized
Appreciation
(Depreciation)		     Realized Gain
(Loss)		     Value
4/30/2026		     Income     Capital Gains  
Global X Russell 2000 ETF                                      
$ 1,290,083,051     $ 226,470,072     $ (336,770,587 )   $ 133,820,702     $ 31,535,196     $ 1,345,138,434     $ 10,591,851     $ —  

 

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.

25

 

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X Nasdaq 100® Covered Call & Growth ETF

 

    Shares     Value  
COMMON STOCK — 101.6%                
BRAZIL — 0.5%                
Consumer Discretionary — 0.5%                
MercadoLibre *     348     $ 623,835  
                 
CANADA — 1.0%                
Industrials — 0.2%                
Thomson Reuters     3,209       307,069  
                 
Information Technology — 0.8%                
Shopify, Cl A *     8,489       1,028,273  
                 
TOTAL CANADA             1,335,342  
CHINA — 0.3%                
Consumer Discretionary — 0.3%                
PDD Holdings ADR *     4,810       480,423  
                 
NETHERLANDS — 1.0%                
Information Technology — 1.0%                
ASML Holding (A)     608       874,906  
NXP Semiconductors     1,814       532,572  
                 
TOTAL NETHERLANDS             1,407,478  
UNITED KINGDOM — 0.2%                
Consumer Staples — 0.2%                
Coca-Cola Europacific Partners PLC     3,311       313,121  
                 
UNITED STATES — 98.6%                
Communication Services — 15.3%                
Alphabet, Cl A (A)     14,708       5,659,638  
Alphabet, Cl C (A)     13,737       5,246,710  
Charter Communications, Cl A *     936       154,599  
Comcast, Cl A (A)     24,725       668,564  
Electronic Arts     1,801       364,468  
Meta Platforms, Cl A (A)     7,452       4,559,953  
Netflix *(A)     29,409       2,752,977  
Take-Two Interactive Software *     1,329       284,087  
T-Mobile US     7,650       1,495,575  

 

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

26

 

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X Nasdaq 100® Covered Call & Growth ETF

 

    Shares     Value  
COMMON STOCK — continued                
Communication Services — continued                
Warner Bros Discovery *     17,876     $ 483,546  
              21,670,117  
Consumer Discretionary — 11.6%                
Airbnb, Cl A *(A)     3,066       430,344  
Amazon.com *(A)     27,136       7,192,668  
Booking Holdings (A)     5,485       923,455  
DoorDash, Cl A *     2,935       494,988  
Marriott International, Cl A     1,823       659,361  
O’Reilly Automotive *     5,748       571,351  
Ross Stores     2,345       534,168  
Starbucks     7,853       827,156  
Tesla *     12,608       4,811,591  
              16,445,082  
Consumer Staples — 7.6%                
Costco Wholesale (A)     3,093       3,137,941  
Keurig Dr Pepper     9,738       286,297  
Kraft Heinz     8,448       191,432  
Mondelez International, Cl A     8,774       539,074  
Monster Beverage *     7,055       543,729  
PepsiCo     9,487       1,503,595  
Walmart     34,075       4,495,515  
              10,697,583  
Energy — 0.7%                
Baker Hughes, Cl A     7,096       494,378  
Diamondback Energy     2,074       426,477  
              920,855  
Financials — 0.2%                
PayPal Holdings     6,743       338,094  
                 
Health Care — 4.3%                
Alnylam Pharmaceuticals *     951       294,325  
Amgen (A)     3,738       1,294,283  
Dexcom *     2,826       168,288  
GE HealthCare Technologies     3,260       198,338  
Gilead Sciences (A)     8,601       1,125,355  

 

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

27

 

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X Nasdaq 100® Covered Call & Growth ETF

 

    Shares     Value  
COMMON STOCK — continued                
Health Care — continued                
IDEXX Laboratories *     588     $ 329,750  
Insmed *     1,569       213,902  
Intuitive Surgical *     2,460       1,125,721  
Regeneron Pharmaceuticals     747       528,174  
Vertex Pharmaceuticals *     1,751       748,342  
              6,026,478  
Industrials — 3.5%                
Automatic Data Processing     2,761       585,166  
Axon Enterprise *     580       233,021  
Cintas     2,735       477,832  
Copart *     6,926       229,320  
CSX     12,748       579,142  
Fastenal     8,270       371,571  
Ferrovial     5,286       364,258  
Honeywell International (A)     4,398       942,623  
Old Dominion Freight Line     1,537       326,505  
PACCAR     3,790       450,252  
Paychex     2,575       238,522  
Verisk Analytics, Cl A     1,012       186,704  
              4,984,916  
Information Technology — 52.8%                
Adobe *(A)     2,809       691,295  
Advanced Micro Devices *(A)     11,358       4,026,297  
Analog Devices     3,382       1,360,443  
Apple (A)     37,127       10,074,411  
Applied Materials (A)     5,520       2,177,585  
AppLovin, Cl A *     2,125       948,494  
ARM Holdings PLC ADR *     976       205,272  
Autodesk *     1,528       362,136  
Broadcom (A)     11,978       4,999,977  
Cadence Design Systems *     1,896       624,903  
Cisco Systems (A)     27,482       2,514,603  
Cognizant Technology Solutions, Cl A     3,446       182,293  
Crowdstrike Holdings, Cl A *     1,736       773,822  
Datadog, Cl A *     2,347       310,250  
Fortinet *     5,362       452,070  
Intel *     34,756       3,283,747  

 

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

28

 

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X Nasdaq 100® Covered Call & Growth ETF

 

    Shares     Value  
COMMON STOCK — continued                
Information Technology — continued                
Intuit     1,906     $ 740,481  
KLA     910       1,592,818  
Lam Research     8,687       2,240,030  
Marvell Technology     6,012       992,882  
Microchip Technology     3,872       359,748  
Micron Technology (A)     7,844       4,056,603  
Microsoft (A)     18,775       7,656,069  
Monolithic Power Systems     355       573,116  
NVIDIA (A)     61,467       12,266,969  
Palantir Technologies, Cl A *     15,943       2,217,831  
Palo Alto Networks *     5,640       1,011,365  
QUALCOMM     7,379       1,325,121  
Roper Technologies     693       245,883  
Sandisk *     1,033       1,132,695  
Seagate Technology Holdings     1,505       1,013,828  
Strategy, Cl A *     2,290       378,880  
Synopsys *     1,315       634,619  
Texas Instruments     6,296       1,769,680  
Western Digital     2,340       1,016,777  
Workday, Cl A *     1,572       192,413  
Zscaler *     1,169       152,765  
              74,558,171  
Materials — 1.1%                
Linde PLC (A)     3,217       1,612,167  
                 
Real Estate — 0.1%                
CoStar Group *     3,006       104,038  
                 
Utilities — 1.4%                
American Electric Power     3,702       507,581  
Constellation Energy     2,495       780,935  
Exelon     7,472       343,638  

 

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

29

 

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X Nasdaq 100® Covered Call & Growth ETF

 

    Shares     Value  
COMMON STOCK — continued                
Utilities — continued                
Xcel Energy     4,558     $ 378,086  
              2,010,240  
TOTAL UNITED STATES             139,367,741  
TOTAL COMMON STOCK
(Cost $89,472,951)		             143,527,940  
TOTAL INVESTMENTS — 101.6%
(Cost $89,472,951)		           $ 143,527,940  
                 
WRITTEN OPTIONS — (1.7)%                
(Premiums Received  $(1,512,982))           $ (2,441,530 )

 

Percentages are based on Net Assets of $141,307,327.

 

A list of exchange-traded option contracts held by the Fund at April 30, 2026, is as follows:

 

Description   Number of
Contracts		     Notional
Amount		     Exercise
Price		     Expiration
Date		   Value
WRITTEN OPTIONS — (1.7)%                                  
Call Options                                  
Nasdaq-100     (26)     $ (71,375,512)     $ 26,700.00     5/15/2026   $ (2,441,530)

 

* Non-income producing security.
(A) All or a portion of these securities have been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $78,264,986.

 

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

30

 

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X Nasdaq 100® Covered Call & Growth ETF

 

The following is a summary of the level of inputs used as of April 30, 2026, 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   $ 143,527,940     $ —     $ —     $ 143,527,940  
Total Investments in Securities   $ 143,527,940     $ —     $ —     $ 143,527,940  
                                 
Other Financial Instruments     Level 1       Level 2       Level 3       Total  
Written Options   $ (2,441,530 )   $ —     $ —     $ (2,441,530 )
Total Other Financial Instruments   $ (2,441,530 )   $ —     $ —     $ (2,441,530 )

 

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.

31

 

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

 

    Shares     Value
COMMON STOCK — 100.9%            
NETHERLANDS — 0.1%            
Information Technology — 0.1%            
NXP Semiconductors (A)     265     $ 77,801  
                 
SWITZERLAND — 0.1%                
Information Technology — 0.1%                
TE Connectivity PLC     311       65,826  
                 
UNITED STATES — 100.7%                
Communication Services — 11.1%                
Alphabet, Cl A (A)     6,059       2,331,503  
Alphabet, Cl C (A)     4,866       1,858,520  
AT&T (A)     7,156       186,986  
Charter Communications, Cl A *(A)     94       15,526  
Comcast, Cl A (A)     3,613       97,696  
EchoStar, Cl A *     155       19,087  
Electronic Arts (A)     216       43,712  
Fox, Cl A (A)     244       15,492  
Fox, Cl B (A)     181       10,321  
Live Nation Entertainment *     162       25,586  
Meta Platforms, Cl A (A)     2,275       1,392,095  
Netflix *     4,364       408,514  
News, Cl A     439       11,554  
News, Cl B     157       4,785  
Omnicom Group     332       25,471  
Paramount Skydance Corp, Cl B     333       3,410  
Take-Two Interactive Software *     182       38,904  
TKO Group Holdings, Cl A     73       13,585  
T-Mobile US     475       92,863  
Trade Desk, Cl A *     497       11,724  
Verizon Communications     4,316       207,297  
Walt Disney (A)     1,811       187,891  
Warner Bros Discovery *     2,652       71,737  
              7,074,259  
Consumer Discretionary — 10.1%                
Airbnb, Cl A *(A)     448       62,881  
Amazon.com *(A)     10,171       2,695,925  
APTIV PLC *     253       15,246  

 

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

32

 

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

 

    Shares     Value
COMMON STOCK — continued                
Consumer Discretionary — continued                
AutoZone *(A)     18     $ 66,673  
Best Buy (A)     228       13,792  
Booking Holdings (A)     820       138,055  
Carnival (A)     1,161       30,778  
Carvana, Cl A *     149       58,974  
Chipotle Mexican Grill, Cl A *(A)     1,416       48,130  
Darden Restaurants (A)     118       23,666  
Deckers Outdoor *(A)     147       15,023  
Domino’s Pizza (A)     35       11,880  
DoorDash, Cl A *     396       66,785  
DR Horton (A)     256       39,388  
eBay (A)     484       50,084  
Expedia Group (A)     133       33,033  
Ford Motor (A)     4,190       50,615  
Garmin (A)     156       39,178  
General Motors (A)     896       68,893  
Genuine Parts (A)     170       18,229  
Hasbro (A)     132       12,651  
Hilton Worldwide Holdings (A)     246       79,721  
Home Depot (A)     1,026       337,349  
Las Vegas Sands     317       17,311  
Lennar, Cl A     220       19,866  
Lowe’s     569       135,872  
Lululemon Athletica *     124       17,075  
Marriott International, Cl A     236       85,359  
McDonald’s     731       214,614  
MGM Resorts International *     238       9,268  
NIKE, Cl B     1,272       56,426  
Norwegian Cruise Line Holdings *(A)     523       9,508  
NVR *     3       18,948  
O’Reilly Automotive *     894       88,864  
Pool     29       6,186  
PulteGroup     225       27,531  
Ralph Lauren, Cl A     36       12,911  
Ross Stores     344       78,360  
Royal Caribbean Cruises (A)     268       70,688  
Starbucks     1,220       128,503  
Tapestry     186       26,977  
Tesla *(A)     2,923       1,115,504  

 

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

33

 

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

 

    Shares     Value
COMMON STOCK — continued                
Consumer Discretionary — continued                
TJX     1,134     $ 177,755  
Tractor Supply     568       19,937  
Ulta Beauty *     50       26,874  
Williams-Sonoma     124       22,470  
Wynn Resorts     93       9,961  
Yum! Brands     303       48,374  
              6,422,091  
Consumer Staples — 5.0%                
Altria Group (A)     1,797       130,552  
Archer-Daniels-Midland (A)     505       37,643  
Brown-Forman, Cl B (A)     207       5,334  
Bunge Global (A)     136       17,282  
Casey’s General Stores     41       33,708  
Church & Dwight (A)     280       27,177  
Clorox (A)     137       13,212  
Coca-Cola (A)     3,986       313,937  
Colgate-Palmolive (A)     851       72,641  
Conagra Brands (A)     535       7,677  
Constellation Brands, Cl A (A)     160       25,053  
Costco Wholesale (A)     459       465,669  
Dollar General (A)     253       29,318  
Dollar Tree *(A)     221       21,461  
Estee Lauder, Cl A     282       21,632  
General Mills (A)     567       20,021  
Hershey (A)     152       28,232  
Hormel Foods (A)     356       7,643  
J M Smucker     121       11,862  
Kenvue     2,047       35,884  
Keurig Dr Pepper     1,455       42,777  
Kimberly-Clark     344       33,860  
Kraft Heinz     909       20,598  
Kroger     651       44,314  
McCormick     290       14,744  
Molson Coors Beverage, Cl B     202       8,633  
Mondelez International, Cl A     1,382       84,910  
Monster Beverage *     766       59,036  
PepsiCo     1,401       222,045  
Philip Morris International     1,599       263,947  

 

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

34

 

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

 

    Shares     Value
COMMON STOCK — continued                
Consumer Staples — continued                
Procter & Gamble     2,397     $ 352,575  
Sysco     505       37,729  
Target     487       63,188  
The Campbell’s Company (A)     227       4,719  
Tyson Foods, Cl A     312       19,990  
Walmart     4,541       599,094  
              3,198,097  
Energy — 3.5%                
APA (A)     373       15,192  
Baker Hughes, Cl A (A)     1,053       73,363  
Chevron (A)     1,933       373,668  
ConocoPhillips (A)     1,244       156,470  
Coterra Energy (A)     811       29,123  
Devon Energy (A)     669       34,367  
Diamondback Energy (A)     194       39,892  
EOG Resources (A)     573       80,547  
EQT (A)     666       40,013  
Expand Energy     268       27,376  
Exxon Mobil (A)     4,332       668,558  
Halliburton (A)     898       37,985  
Kinder Morgan     2,097       68,928  
Marathon Petroleum     316       78,460  
Occidental Petroleum     772       46,768  
ONEOK     673       62,226  
Phillips 66     423       75,780  
SLB (A)     1,599       90,951  
Targa Resources     208       54,097  
Texas Pacific Land     63       27,951  
Valero Energy     321       81,078  
Williams     1,306       99,661  
              2,262,454  
Financials — 12.1%                
Aflac (A)     496       56,380  
Allstate (A)     276       59,964  
American Express (A)     548       177,031  
American International Group (A)     567       42,412  
Ameriprise Financial (A)     103       48,903  

 

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

35

 

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

 

    Shares     Value
COMMON STOCK — continued                
Financials — continued                
Aon PLC, Cl A (A)     228     $ 71,056  
Apollo Global Management     491       63,202  
Arch Capital Group *(A)     375       35,423  
Ares Management, Cl A     216       25,358  
Arthur J Gallagher (A)     272       56,141  
Assurant (A)     50       11,814  
Bank of America (A)     6,849       366,148  
Bank of New York Mellon (A)     739       99,299  
Berkshire Hathaway, Cl B *(A)     1,905       902,208  
Blackrock     146       155,578  
Blackstone (A)     787       98,831  
Block, Cl A *     581       40,966  
Brown & Brown (A)     337       20,271  
Capital One Financial (A)     633       121,093  
CBOE Global Markets (A)     119       35,711  
Charles Schwab     1,700       155,788  
Chubb (A)     367       120,009  
Cincinnati Financial (A)     160       26,176  
Citigroup (A)     1,793       229,468  
Citizens Financial Group (A)     459       29,858  
CME Group, Cl A (A)     383       110,235  
Coinbase Global, Cl A *     242       45,440  
Corpay *(A)     75       22,985  
Erie Indemnity, Cl A     29       6,349  
Everest Group (A)     44       15,697  
FactSet Research Systems (A)     32       7,283  
Fidelity National Information Services (A)     556       25,871  
Fifth Third Bancorp (A)     964       48,933  
Fiserv *(A)     573       35,898  
Franklin Resources (A)     372       11,149  
Global Payments (A)     279       20,077  
Globe Life (A)     77       11,881  
Goldman Sachs Group (A)     309       285,445  
Hartford Financial Services Group (A)     264       36,118  
Huntington Bancshares (A)     2,171       36,386  
Interactive Brokers Group, Cl A     468       37,206  
Intercontinental Exchange     605       95,644  
Invesco (A)     473       12,397  
Jack Henry & Associates (A)     76       11,685  

 

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

36

 

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

 

    Shares     Value
COMMON STOCK — continued                
Financials — continued                
JPMorgan Chase (A)     2,800     $ 877,044  
KeyCorp     993       21,955  
KKR     729       76,064  
Loews     197       22,184  
M&T Bank     159       34,762  
Marsh & McLennan     520       87,209  
Mastercard, Cl A     841       422,956  
MetLife     579       46,378  
Moody’s     162       74,820  
Morgan Stanley     1,233       234,998  
MSCI, Cl A     81       47,904  
Nasdaq     483       44,393  
Northern Trust     170       28,278  
PayPal Holdings     1,003       50,290  
PNC Financial Services Group     404       90,092  
Principal Financial Group     229       23,108  
Progressive     625       125,800  
Prudential Financial     365       35,810  
Raymond James Financial     157       24,856  
Regions Financial     937       26,751  
Robinhood Markets, Cl A *     835       60,863  
S&P Global     311       134,113  
State Street     266       40,655  
Synchrony Financial     375       28,575  
T Rowe Price Group     255       26,234  
Travelers     236       72,013  
Truist Financial     1,369       70,504  
US Bancorp     1,667       94,452  
Visa, Cl A     1,740       573,922  
W R Berkley (A)     314       20,985  
Wells Fargo     3,178       261,327  
Willis Towers Watson PLC (A)     87       22,289  
              7,727,351  
Health Care — 8.6%                
Abbott Laboratories (A)     1,773       160,971  
AbbVie (A)     1,825       385,659  
Agilent Technologies (A)     301       34,781  
Align Technology *(A)     70       12,321  

 

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

37

 

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

 

    Shares     Value
COMMON STOCK — continued                
Health Care — continued                
Amgen (A)     552     $ 191,130  
Baxter International (A)     548       9,634  
Becton Dickinson (A)     302       45,010  
Biogen *(A)     150       28,392  
Bio-Techne (A)     189       10,455  
Boston Scientific *(A)     1,581       91,081  
Bristol-Myers Squibb (A)     2,060       124,815  
Cardinal Health (A)     250       48,220  
Cencora (A)     205       63,142  
Centene *(A)     499       26,791  
Charles River Laboratories International *(A)     45       7,514  
Cigna Group (A)     283       82,234  
Cooper *(A)     231       14,530  
CVS Health (A)     1,349       112,358  
Danaher (A)     671       120,075  
DaVita *(A)     32       4,964  
Dexcom *(A)     406       24,177  
Edwards Lifesciences *(A)     609       50,852  
Elevance Health (A)     235       88,459  
Eli Lilly (A)     821       767,307  
GE HealthCare Technologies (A)     480       29,203  
Gilead Sciences (A)     1,265       165,513  
HCA Healthcare (A)     169       73,422  
Henry Schein *     132       9,846  
Humana (A)     137       32,392  
IDEXX Laboratories *     85       47,668  
Incyte *     192       18,292  
Insulet *     72       12,394  
Intuitive Surgical *     361       165,197  
IQVIA Holdings *     177       28,032  
Johnson & Johnson     2,497       573,935  
Labcorp Holdings     85       21,828  
McKesson     122       99,454  
Medtronic PLC (A)     1,366       110,605  
Merck     2,556       279,064  
Mettler-Toledo International *     23       29,362  
Moderna *     367       16,860  
Pfizer     5,790       154,593  
Quest Diagnostics     112       21,750  

 

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

38

 

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

 

    Shares     Value
COMMON STOCK — continued                
Health Care — continued                
Regeneron Pharmaceuticals     101     $ 71,413  
ResMed     151       32,285  
Revvity     126       10,914  
Solventum *     166       11,182  
STERIS PLC (A)     112       24,291  
Stryker     366       115,338  
Thermo Fisher Scientific     384       183,921  
UnitedHealth Group (A)     933       345,658  
Universal Health Services, Cl B     58       9,760  
Vertex Pharmaceuticals *     270       115,393  
Viatris     1,230       18,376  
Waters *     104       32,160  
West Pharmaceutical Services     73       21,724  
Zimmer Biomet Holdings     232       19,124  
Zoetis, Cl A     464       53,346  
              5,459,167  
Industrials — 8.9%                
3M     562       82,344  
A O Smith     109       6,741  
Allegion PLC (A)     86       11,823  
AMETEK (A)     224       52,752  
Automatic Data Processing (A)     430       91,134  
Axon Enterprise *(A)     81       32,543  
Boeing *(A)     801       183,453  
Broadridge Financial Solutions (A)     132       20,325  
Builders FirstSource *(A)     123       9,728  
Carrier Global (A)     845       56,759  
Caterpillar (A)     481       428,143  
CH Robinson Worldwide (A)     133       24,181  
Cintas (A)     360       62,896  
Comfort Systems USA     35       64,409  
Copart *(A)     953       31,554  
CSX (A)     1,992       90,497  
Cummins (A)     146       97,967  
Deere (A)     268       158,085  
Delta Air Lines (A)     694       47,185  
Dover (A)     141       31,924  
Eaton PLC (A)     395       171,039  

 

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

39

 

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

 

    Shares     Value
COMMON STOCK — continued                
Industrials — continued                
EMCOR Group     50     $ 44,583  
Emerson Electric (A)     594       83,421  
Equifax (A)     126       21,916  
Expeditors International of Washington (A)     135       19,965  
Fastenal (A)     1,231       55,309  
FedEx (A)     229       92,358  
Fortive (A)     336       20,089  
GE Aerospace (A)     1,081       313,414  
GE Vernova (A)     278       301,202  
Generac Holdings *(A)     61       15,813  
General Dynamics (A)     269       92,617  
Honeywell International (A)     646       138,457  
Howmet Aerospace (A)     426       103,535  
Hubbell, Cl B (A)     57       28,966  
Huntington Ingalls Industries     45       16,393  
IDEX     82       17,864  
Illinois Tool Works (A)     279       71,985  
Ingersoll Rand     382       30,506  
Jacobs Solutions     119       15,400  
JB Hunt Transport Services (A)     79       19,871  
Johnson Controls International PLC (A)     647       94,481  
L3Harris Technologies     197       63,148  
Leidos Holdings     130       19,399  
Lennox International     34       18,186  
Lockheed Martin     216       111,881  
Masco     241       17,309  
Nordson     51       14,711  
Norfolk Southern     237       74,852  
Northrop Grumman     142       82,286  
Old Dominion Freight Line     174       36,963  
Otis Worldwide     405       31,541  
PACCAR     566       67,241  
Parker-Hannifin     127       115,496  
Paychex     339       31,402  
Pentair PLC (A)     196       15,819  
Quanta Services     157       114,260  
Republic Services, Cl A     211       44,145  
Rockwell Automation     117       47,842  
Rollins     335       18,670  

 

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

40

 

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

 

    Shares     Value
COMMON STOCK — continued                
Industrials — continued                
RTX     1,381     $ 243,153  
Snap-On     56       21,470  
Southwest Airlines     555       21,046  
Stanley Black & Decker     174       13,600  
Textron     212       20,344  
Trane Technologies PLC (A)     235       115,747  
TransDigm Group     56       64,959  
Uber Technologies *     2,097       156,457  
Union Pacific     603       162,496  
United Airlines Holdings *     338       30,420  
United Parcel Service, Cl B     787       85,626  
United Rentals     70       67,189  
Veralto     274       24,167  
Verisk Analytics, Cl A     159       29,334  
Vertiv Holdings, Cl A     386       126,797  
Waste Management     393       91,392  
Westinghouse Air Brake Technologies     178       48,040  
WW Grainger (A)     48       55,745  
Xylem     270       31,903  
              5,688,663  
Information Technology — 35.0%                
Accenture PLC, Cl A (A)     622       111,158  
Adobe *(A)     412       101,393  
Advanced Micro Devices *(A)     1,687       598,025  
Akamai Technologies *(A)     177       18,227  
Amphenol, Cl A (A)     1,256       184,971  
Analog Devices (A)     500       201,130  
Apple (A)     15,295       4,150,298  
Applied Materials (A)     817       322,298  
AppLovin, Cl A *     275       122,746  
Arista Networks *     1,053       181,864  
Autodesk *(A)     225       53,325  
Broadcom (A)     4,934       2,059,600  
Cadence Design Systems *(A)     289       95,251  
CDW (A)     131       17,935  
Ciena *     148       78,082  
Cisco Systems (A)     4,076       372,954  
Cognizant Technology Solutions, Cl A (A)     518       27,402  

 

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

41

 

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

 

    Shares     Value
COMMON STOCK — continued                
Information Technology — continued                
Coherent *     184     $ 58,827  
Corning (A)     825       135,498  
Crowdstrike Holdings, Cl A *(A)     267       119,015  
Datadog, Cl A *     340       44,945  
Dell Technologies, Cl C     315       65,819  
EPAM Systems *(A)     52       5,917  
F5 *(A)     61       19,758  
Fair Isaac *(A)     25       25,625  
First Solar *(A)     123       24,832  
Fortinet *(A)     676       56,994  
Gartner *(A)     80       11,879  
Gen Digital     593       11,439  
GoDaddy, Cl A *(A)     135       11,717  
Hewlett Packard Enterprise (A)     1,410       40,566  
HP (A)     998       20,818  
Intel *(A)     4,839       457,189  
International Business Machines     960       221,741  
Intuit     298       115,773  
Jabil     99       33,412  
Keysight Technologies *     179       62,634  
KLA     134       234,547  
Lam Research     1,287       331,866  
Lumentum Holdings *     71       64,065  
Microchip Technology     576       53,516  
Micron Technology     1,166       603,009  
Microsoft (A)     7,734       3,153,771  
Monolithic Power Systems     53       85,564  
Motorola Solutions     176       77,269  
NetApp     228       25,256  
NVIDIA (A)     25,318       5,052,713  
ON Semiconductor *     429       43,247  
Oracle     1,746       281,787  
Palantir Technologies, Cl A *     2,357       327,882  
Palo Alto Networks *     819       146,863  
PTC *     121       16,492  
Qnity Electronics     190       26,725  
QUALCOMM     1,084       194,665  
Roper Technologies     114       40,448  
Salesforce     957       168,939  

 

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

42

 

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

 

    Shares     Value
COMMON STOCK — continued                
Information Technology — continued                
Sandisk *     156     $ 171,056  
Seagate Technology Holdings (A)     230       154,937  
ServiceNow *     1,107       97,759  
Skyworks Solutions     166       11,648  
Super Micro Computer *     569       15,591  
Synopsys *     191       92,177  
Teledyne Technologies *     50       32,292  
Teradyne     153       52,551  
Texas Instruments     930       261,404  
Trimble *     274       18,446  
Tyler Technologies *     46       15,692  
VeriSign     83       22,299  
Western Digital     360       156,427  
Workday, Cl A *     228       27,907  
Zebra Technologies, Cl A *     55       12,444  
              22,312,311  
Materials — 2.0%                
Air Products & Chemicals (A)     219       65,711  
Albemarle (A)     117       23,014  
Amcor PLC     494       18,792  
Avery Dennison (A)     79       12,950  
Ball (A)     310       18,935  
CF Industries Holdings (A)     175       21,735  
Corteva (A)     724       58,651  
CRH PLC     711       84,197  
Dow (A)     761       30,813  
DuPont de Nemours (A)     446       20,364  
Ecolab (A)     270       70,362  
Freeport-McMoRan (A)     1,536       88,750  
International Flavors & Fragrances     293       20,569  
International Paper     567       17,248  
Linde PLC (A)     479       240,046  
LyondellBasell Industries, Cl A (A)     294       21,932  
Martin Marietta Materials     67       41,478  
Mosaic     340       7,912  
Newmont     1,161       128,975  
Nucor     241       54,295  
Packaging Corp of America     90       19,210  

 

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

43

 

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

 

    Shares     Value
COMMON STOCK — continued                
Materials — continued                
PPG Industries     261     $ 28,319  
Sherwin-Williams     244       78,473  
Smurfit WestRock PLC (A)     561       21,537  
Steel Dynamics     156       35,671  
Vulcan Materials     137       41,338  
              1,271,277  
Real Estate — 2.0%                
Alexandria Real Estate Equities ‡(A)     181       7,332  
American Tower ‡(A)     496       90,624  
AvalonBay Communities ‡(A)     145       26,535  
BXP ‡(A)     165       9,646  
Camden Property Trust ‡(A)     137       14,388  
CBRE Group, Cl A *(A)     308       43,961  
CoStar Group *(A)     443       15,332  
Crown Castle ‡(A)     458       40,661  
Digital Realty Trust ‡(A)     341       68,521  
Equinix ‡(A)     100       108,283  
Equity Residential ‡(A)     357       23,341  
Essex Property Trust ‡(A)     68       17,898  
Extra Space Storage ‡(A)     195       27,949  
Federal Realty Investment Trust ‡(A)     86       9,538  
Healthpeak Properties ‡(A)     740       11,966  
Host Hotels & Resorts ‡(A)     679       14,347  
Invitation Homes ‡     597       17,176  
Iron Mountain ‡     319       40,191  
Kimco Realty ‡     722       17,068  
Mid-America Apartment Communities ‡     117       15,114  
ProLogis ‡     989       140,458  
Public Storage ‡     165       49,904  
Realty Income ‡     987       63,405  
Regency Centers ‡     194       15,103  
SBA Communications, Cl A ‡     122       26,986  
Simon Property Group ‡     346       70,484  
UDR ‡     322       11,702  
Ventas ‡     513       45,072  
VICI Properties, Cl A ‡     1,142       33,346  
Welltower ‡     710       154,311  

 

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

44

 

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

 

    Shares     Value
COMMON STOCK — continued            
Real Estate — continued            
Weyerhaeuser ‡     771     $ 18,905  
              1,249,547  
Utilities — 2.4%                
AES (A)     758       10,953  
Alliant Energy (A)     294       21,588  
Ameren (A)     303       34,436  
American Electric Power (A)     566       77,604  
American Water Works (A)     174       22,345  
Atmos Energy (A)     165       31,347  
CenterPoint Energy (A)     698       30,468  
CMS Energy (A)     319       24,480  
Consolidated Edison (A)     377       42,032  
Constellation Energy (A)     333       104,229  
Dominion Energy (A)     914       58,953  
DTE Energy (A)     190       28,821  
Duke Energy (A)     825       106,879  
Edison International (A)     399       27,726  
Entergy (A)     478       56,361  
Evergy (A)     260       21,538  
Eversource Energy (A)     390       27,573  
Exelon (A)     1,079       49,623  
FirstEnergy (A)     558       26,516  
NextEra Energy     2,129       208,387  
NiSource     511       24,671  
NRG Energy     236       36,717  
PG&E     2,352       39,090  
Pinnacle West Capital     148       15,351  
PPL     794       29,727  
Public Service Enterprise Group     536       43,770  
Sempra     699       66,489  
Southern     1,181       114,203  
Vistra     333       52,561  
WEC Energy Group     339       39,982  

 

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

45

 

 

Schedule of Investments April 30, 2026 (Unaudited)
Global X S&P 500® Covered Call & Growth ETF

 

    Shares     Value
COMMON STOCK — continued            
Utilities — continued            
Xcel Energy     631     $ 52,341  
              1,526,761  
TOTAL UNITED STATES             64,191,978  
TOTAL COMMON STOCK
(Cost $49,600,428)		             64,335,605  
TOTAL INVESTMENTS — 100.9%
(Cost $49,600,428)		           $ 64,335,605  
                 
WRITTEN OPTIONS — (1.0)%
(Premiums Received  $(558,465))		           $ (612,000 )

 

Percentages are based on Net Assets of $63,776,407.

 

A list of exchange-traded option contracts held by the Fund at April 30, 2026, is as follows:

 

Description   Number of
Contracts		     Notional
Amount		     Exercise
Price		     Expiration
Date		   Value
WRITTEN OPTIONS — (1.0)%                          
Call Options                          
S&P 500 Index     (45)     $ (32,440,545)     $ 7,130.00     5/15/2026   $ (612,000)

 

* Non-income producing security.
‡ Real Estate Investment Trust
(A) All or a portion of these securities have been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $38,337,819.

 

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

46

 

 

Schedule of Investments April 30, 2026 (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, 2026, 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   $ 64,335,605     $ —     $ —     $ 64,335,605  
Total Investments in Securities   $ 64,335,605     $ —     $ —     $ 64,335,605  
                                 
Other Financial Instruments   Level 1   Level 2     Level 3     Total
Written Options   $ (612,000 )   $ —     $ —     $ (612,000 )
Total Other Financial Instruments   $ (612,000 )   $ —     $ —     $ (612,000 )

 

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.

47

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X NASDAQ 100® Risk Managed Income ETF

 

 

    Shares     Value
COMMON STOCK(A) — 103.3%                
BRAZIL — 0.4%                
Consumer Discretionary — 0.4%                
MercadoLibre *     41     $ 73,498  
                 
CANADA — 1.0%                
Industrials — 0.2%                
Thomson Reuters     361       34,544  
                 
Information Technology — 0.8%                
Shopify, Cl A *     1,001       121,251  
                 
TOTAL CANADA             155,795  
CHINA — 0.3%                
Consumer Discretionary — 0.3%                
PDD Holdings ADR *     544       54,335  
                 
NETHERLANDS — 1.0%                
Information Technology — 1.0%                
ASML Holding     72       103,607  
NXP Semiconductors     205       60,186  
                 
TOTAL NETHERLANDS             163,793  
UNITED KINGDOM — 0.2%                
Consumer Staples — 0.2%                
Coca-Cola Europacific Partners PLC     372       35,180  
                 
UNITED STATES — 100.4%                
Communication Services — 15.6%                
Alphabet, Cl A     1,724       663,395  
Alphabet, Cl C     1,611       615,306  
Charter Communications, Cl A *     113       18,664  
Comcast, Cl A     2,926       79,119  
Electronic Arts     203       41,081  
Meta Platforms, Cl A     874       534,809  
Netflix *     3,451       323,048  
Take-Two Interactive Software *     150       32,064  
T-Mobile US     900       175,950  

 

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

48

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X NASDAQ 100® Risk Managed Income ETF

 

 

    Shares     Value
COMMON STOCK — continued                
Communication Services — continued                
Warner Bros Discovery *     2,018     $ 54,587  
              2,538,023  
Consumer Discretionary — 11.9%                
Airbnb, Cl A *     344       48,284  
Amazon.com *     3,180       842,891  
Booking Holdings     646       108,760  
DoorDash, Cl A *     334       56,329  
Marriott International, Cl A     216       78,125  
O’Reilly Automotive *     683       67,890  
Ross Stores     263       59,909  
Starbucks     929       97,852  
Tesla *     1,478       564,049  
              1,924,089  
Consumer Staples — 7.7%                
Costco Wholesale     363       368,274  
Keurig Dr Pepper     1,101       32,370  
Kraft Heinz     956       21,663  
Mondelez International, Cl A     1,044       64,143  
Monster Beverage *     797       61,425  
PepsiCo     1,116       176,875  
Walmart     3,996       527,192  
              1,251,942  
Energy — 0.6%                
Baker Hughes, Cl A     804       56,015  
Diamondback Energy     229       47,089  
              103,104  
Financials — 0.2%                
PayPal Holdings     747       37,455  
                 
Health Care — 4.3%                
Alnylam Pharmaceuticals *     108       33,425  
Amgen     440       152,350  
Dexcom *     310       18,460  
GE HealthCare Technologies     369       22,450  
Gilead Sciences     1,014       132,672  

 

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

49

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X NASDAQ 100® Risk Managed Income ETF

 

 

    Shares     Value
COMMON STOCK — continued                
Health Care — continued                
IDEXX Laboratories *     65     $ 36,452  
Insmed *     174       23,721  
Intuitive Surgical *     290       132,707  
Regeneron Pharmaceuticals     85       60,100  
Vertex Pharmaceuticals *     207       88,468  
              700,805  
Industrials — 3.6%                
Automatic Data Processing     328       69,516  
Axon Enterprise *     65       26,114  
Cintas     326       56,956  
Copart *     783       25,925  
CSX     1,515       68,827  
Fastenal     933       41,920  
Ferrovial     585       40,312  
Honeywell International     519       111,237  
Old Dominion Freight Line     169       35,901  
PACCAR     428       50,846  
Paychex     290       26,863  
Verisk Analytics, Cl A     111       20,478  
              574,895  
Information Technology — 53.8%                
Adobe *     332       81,705  
Advanced Micro Devices *     1,333       472,535  
Analog Devices     399       160,502  
Apple     4,350       1,180,372  
Applied Materials     649       256,024  
AppLovin, Cl A *     251       112,034  
ARM Holdings PLC ADR *     127       26,711  
Autodesk *     183       43,371  
Broadcom     1,404       586,072  
Cadence Design Systems *     225       74,158  
Cisco Systems     3,228       295,362  
Cognizant Technology Solutions, Cl A     424       22,430  
Crowdstrike Holdings, Cl A *     206       91,825  
Datadog, Cl A *     266       35,163  
Fortinet *     602       50,755  
Intel *     4,082       385,667  

 

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

50

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X NASDAQ 100® Risk Managed Income ETF

 

 

    Shares     Value
COMMON STOCK — continued                
Information Technology — continued                
Intuit     226     $ 87,801  
KLA     107       187,287  
Lam Research     1,021       263,275  
Marvell Technology     711       117,422  
Microchip Technology     439       40,787  
Micron Technology     920       475,787  
Microsoft     2,200       897,116  
Monolithic Power Systems     40       64,576  
NVIDIA     7,200       1,436,904  
Palantir Technologies, Cl A *     1,873       260,553  
Palo Alto Networks *     666       119,427  
QUALCOMM     871       156,414  
Roper Technologies     83       29,449  
Sandisk *     120       131,581  
Seagate Technology Holdings     178       119,908  
Strategy, Cl A *     255       42,190  
Synopsys *     156       75,286  
Texas Instruments     741       208,280  
Western Digital     277       120,362  
Workday, Cl A *     172       21,053  
Zscaler *     146       19,079  
              8,749,223  
Materials — 1.2%                
Linde PLC     379       189,932  
                 
Real Estate — 0.1%                
CoStar Group *     398       13,775  
                 
Utilities — 1.4%                
American Electric Power     440       60,328  
Constellation Energy     295       92,335  
Exelon     831       38,218  
Xcel Energy     507       42,056  
              232,937  
TOTAL UNITED STATES             16,316,180  
TOTAL COMMON STOCK
(Cost $10,122,914)		             16,798,781  

 

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

51

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X NASDAQ 100® Risk Managed Income ETF

 

 

    Value
PURCHASED OPTIONS — 0.2%
(Cost $103,513)		   $ 23,886  
TOTAL INVESTMENTS — 103.5%
(Cost $10,226,427)		   $ 16,822,667  
         
WRITTEN OPTIONS — (3.5)%
(Premiums Received  $(358,600))		   $ (573,990 )

 

Percentages are based on Net Assets of $16,258,549.

 

A list of exchange-traded option contracts held by the Fund at April 30, 2026, is as follows:

 

Description   Number of
Contracts		   Notional
Amount		     Exercise
Price		     Expiration
Date		   Value
PURCHASED OPTIONS — 0.2%                                
Put Options                                
Nasdaq-100   6   $ 16,471,272     $ 25,300.00     5/15/2026   $ 23,370  
Nasdaq-100 Micro Index   12     329,424       253.00     5/15/2026     516  
                                 
Total Purchased Options       $ 16,800,696                 $ 23,886  
WRITTEN OPTIONS — (3.5)%                                
Call Options                                
Nasdaq-100   (6 ) $ (16,471,272 )   $ 26,700.00     5/15/2026   $ (563,430 )
Nasdaq-100 Micro Index   (12 )   (329,424 )     267.00     5/15/2026     (10,560 )
                                 
Total Written Options       $ (16,800,696 )               $ (573,990 )

 

* Non-income producing security.
(A) All or a portion of these securities have been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $16,796,795.

 

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

52

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X NASDAQ 100® Risk Managed Income ETF

 

 

The following is a summary of the level of inputs used as of April 30, 2026, 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   $ 16,798,781     $ —   $ —   $ 16,798,781  
Purchased Options     23,886       —     —     23,886  
Total Investments in Securities   $ 16,822,667     $ —   $ —   $ 16,822,667  
                             
Other Financial Instruments   Level 1   Level 2   Level 3   Total
Written Options   $ (573,990 )   $ —   $ —   $ (573,990 )
Total Other Financial Instruments   $ (573,990 )   $ —   $ —   $ (573,990 )

 

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.

53

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

 

 

    Shares     Value
COMMON STOCK(A) — 101.7%                
NETHERLANDS — 0.1%                
Information Technology — 0.1%                
NXP Semiconductors     202     $ 59,305  
                 
SWITZERLAND — 0.1%                
Information Technology — 0.1%                
TE Connectivity PLC     236       49,952  
                 
UNITED STATES — 101.5%                
Communication Services — 11.2%                
Alphabet, Cl A     4,692       1,805,482  
Alphabet, Cl C     3,769       1,439,532  
AT&T     5,635       147,243  
Charter Communications, Cl A *     73       12,057  
Comcast, Cl A     2,886       78,037  
EchoStar, Cl A *     115       14,161  
Electronic Arts     181       36,629  
Fox, Cl A     191       12,127  
Fox, Cl B     105       5,987  
Live Nation Entertainment *     124       19,585  
Meta Platforms, Cl A     1,763       1,078,797  
Netflix *     3,401       318,368  
News, Cl A     306       8,054  
News, Cl B     79       2,408  
Omnicom Group     276       21,175  
Paramount Skydance Corp, Cl B     241       2,468  
Take-Two Interactive Software *     139       29,713  
TKO Group Holdings, Cl A     57       10,607  
T-Mobile US     381       74,485  
Trade Desk, Cl A *     361       8,516  
Verizon Communications     3,395       163,062  
Walt Disney     1,426       147,947  
Warner Bros Discovery *     1,990       53,829  
              5,490,269  
Consumer Discretionary — 10.2%                
Airbnb, Cl A *     358       50,249  
Amazon.com *     7,873       2,086,817  
APTIV PLC *     198       11,931  

 

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

54

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

 

 

    Shares     Value
COMMON STOCK — continued                
Consumer Discretionary — continued                
AutoZone *     13     $ 48,152  
Best Buy     182       11,009  
Booking Holdings     648       109,097  
Carnival     928       24,601  
Carvana, Cl A *     113       44,725  
Chipotle Mexican Grill, Cl A *     1,044       35,486  
Darden Restaurants     88       17,649  
Deckers Outdoor *     111       11,344  
Domino’s Pizza     23       7,807  
DoorDash, Cl A *     306       51,607  
DR Horton     216       33,234  
eBay     377       39,012  
Expedia Group     89       22,105  
Ford Motor     3,143       37,967  
Garmin     114       28,630  
General Motors     726       55,822  
Genuine Parts     102       10,937  
Hasbro     95       9,105  
Hilton Worldwide Holdings     184       59,629  
Home Depot     802       263,698  
Las Vegas Sands     263       14,362  
Lennar, Cl A     199       17,970  
Lowe’s     451       107,694  
Lululemon Athletica *     79       10,878  
Marriott International, Cl A     177       64,019  
McDonald’s     573       168,227  
MGM Resorts International *     183       7,126  
NIKE, Cl B     956       42,408  
Norwegian Cruise Line Holdings *     365       6,636  
NVR *     2       12,632  
O’Reilly Automotive *     676       67,194  
Pool     31       6,613  
PulteGroup     153       18,721  
Ralph Lauren, Cl A     32       11,477  
Ross Stores     271       61,731  
Royal Caribbean Cruises     202       53,280  
Starbucks     916       96,482  
Tapestry     162       23,497  
Tesla *     2,266       864,774  

 

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

55

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

 

 

    Shares     Value
COMMON STOCK — continued                
Consumer Discretionary — continued                
TJX     894     $ 140,135  
Tractor Supply     471       16,532  
Ulta Beauty *     34       18,274  
Williams-Sonoma     93       16,853  
Wynn Resorts     68       7,284  
Yum! Brands     223       35,602  
              4,961,014  
Consumer Staples — 5.1%                
Altria Group     1,350       98,077  
Archer-Daniels-Midland     396       29,518  
Brown-Forman, Cl B     158       4,072  
Bunge Global     98       12,453  
Casey’s General Stores     32       26,309  
Church & Dwight     216       20,965  
Clorox     88       8,487  
Coca-Cola     3,118       245,574  
Colgate-Palmolive     647       55,228  
Conagra Brands     377       5,410  
Constellation Brands, Cl A     103       16,128  
Costco Wholesale     358       363,202  
Dollar General     176       20,395  
Dollar Tree *     147       14,275  
Estee Lauder, Cl A     229       17,566  
General Mills     474       16,737  
Hershey     110       20,431  
Hormel Foods     242       5,196  
J M Smucker     76       7,450  
Kenvue     1,663       29,152  
Keurig Dr Pepper     1,172       34,457  
Kimberly-Clark     266       26,182  
Kraft Heinz     747       16,927  
Kroger     466       31,721  
McCormick     225       11,439  
Molson Coors Beverage, Cl B     159       6,796  
Mondelez International, Cl A     1,030       63,283  
Monster Beverage *     572       44,084  
PepsiCo     1,100       174,339  
Philip Morris International     1,253       206,833  

 

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

56

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

 

 

    Shares     Value
COMMON STOCK — continued                
Consumer Staples — continued                
Procter & Gamble     1,872     $ 275,352  
Sysco     396       29,585  
Target     379       49,175  
The Campbell’s Company     173       3,597  
Tyson Foods, Cl A     247       15,825  
Walmart     3,532       465,977  
              2,472,197  
Energy — 3.6%                
APA     290       11,812  
Baker Hughes, Cl A     793       55,248  
Chevron     1,510       291,898  
ConocoPhillips     986       124,019  
Coterra Energy     638       22,911  
Devon Energy     542       27,843  
Diamondback Energy     155       31,873  
EOG Resources     436       61,288  
EQT     544       32,684  
Expand Energy     190       19,408  
Exxon Mobil     3,367       519,629  
Halliburton     741       31,344  
Kinder Morgan     1,572       51,672  
Marathon Petroleum     237       58,845  
Occidental Petroleum     613       37,136  
ONEOK     505       46,692  
Phillips 66     323       57,865  
SLB     1,202       68,370  
Targa Resources     172       44,734  
Texas Pacific Land     50       22,183  
Valero Energy     245       61,882  
Williams     982       74,936  
              1,754,272  
Financials — 12.2%                
Aflac     393       44,672  
Allstate     209       45,407  
American Express     431       139,235  
American International Group     430       32,164  
Ameriprise Financial     73       34,660  

 

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

57

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

 

 

    Shares     Value
COMMON STOCK — continued                
Financials — continued                
Aon PLC, Cl A     172     $ 53,604  
Apollo Global Management     388       49,943  
Arch Capital Group *     308       29,094  
Ares Management, Cl A     164       19,254  
Arthur J Gallagher     206       42,518  
Assurant     39       9,214  
Bank of America     5,344       285,690  
Bank of New York Mellon     553       74,307  
Berkshire Hathaway, Cl B *     1,478       699,981  
Blackrock     116       123,610  
Blackstone     602       75,599  
Block, Cl A *     439       30,954  
Brown & Brown     257       15,459  
Capital One Financial     503       96,224  
CBOE Global Markets     77       23,107  
Charles Schwab     1,344       123,164  
Chubb     293       95,811  
Cincinnati Financial     115       18,814  
Citigroup     1,407       180,068  
Citizens Financial Group     357       23,223  
CME Group, Cl A     290       83,468  
Coinbase Global, Cl A *     179       33,611  
Corpay *     53       16,243  
Erie Indemnity, Cl A     17       3,722  
Everest Group     36       12,843  
FactSet Research Systems     34       7,738  
Fidelity National Information Services     465       21,636  
Fifth Third Bancorp     722       36,649  
Fiserv *     430       26,939  
Franklin Resources     254       7,612  
Global Payments     214       15,399  
Globe Life     57       8,795  
Goldman Sachs Group     242       223,552  
Hartford Financial Services Group     223       30,509  
Huntington Bancshares     1,410       23,632  
Interactive Brokers Group, Cl A     370       29,415  
Intercontinental Exchange     457       72,247  
Invesco     360       9,436  
Jack Henry & Associates     58       8,917  

 

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

58

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

 

 

    Shares     Value
COMMON STOCK — continued                
Financials — continued                
JPMorgan Chase     2,172     $ 680,336  
KeyCorp     802       17,732  
KKR     551       57,491  
Loews     134       15,090  
M&T Bank     118       25,798  
Marsh & McLennan     398       66,749  
Mastercard, Cl A     656       329,915  
MetLife     441       35,324  
Moody’s     123       56,808  
Morgan Stanley     969       184,682  
MSCI, Cl A     50       29,570  
Nasdaq     376       34,558  
Northern Trust     149       24,785  
PayPal Holdings     738       37,003  
PNC Financial Services Group     334       74,482  
Principal Financial Group     157       15,843  
Progressive     471       94,803  
Prudential Financial     279       27,373  
Raymond James Financial     140       22,165  
Regions Financial     767       21,898  
Robinhood Markets, Cl A *     635       46,285  
S&P Global     246       106,083  
State Street     224       34,236  
Synchrony Financial     307       23,393  
T Rowe Price Group     174       17,901  
Travelers     174       53,094  
Truist Financial     1,014       52,221  
US Bancorp     1,249       70,768  
Visa, Cl A     1,354       446,603  
W R Berkley     261       17,443  
Wells Fargo     2,490       204,753  
Willis Towers Watson PLC     62       15,884  
              5,979,208  
Health Care — 8.6%                
Abbott Laboratories     1,399       127,015  
AbbVie     1,424       300,920  
Agilent Technologies     226       26,114  
Align Technology *     52       9,153  

 

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

59

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

 

 

    Shares     Value
COMMON STOCK — continued                
Health Care — continued                
Amgen     433     $ 149,926  
Baxter International     446       7,841  
Becton Dickinson     228       33,981  
Biogen *     114       21,578  
Bio-Techne     110       6,085  
Boston Scientific *     1,192       68,671  
Bristol-Myers Squibb     1,638       99,246  
Cardinal Health     189       36,454  
Cencora     156       48,050  
Centene *     382       20,510  
Charles River Laboratories International *     41       6,846  
Cigna Group     212       61,603  
Cooper *     185       11,637  
CVS Health     1,023       85,206  
Danaher     506       90,549  
DaVita *     30       4,654  
Dexcom *     328       19,532  
Edwards Lifesciences *     465       38,828  
Elevance Health     177       66,626  
Eli Lilly     638       596,275  
GE HealthCare Technologies     379       23,058  
Gilead Sciences     999       130,709  
HCA Healthcare     126       54,741  
Henry Schein *     70       5,221  
Humana     78       18,442  
IDEXX Laboratories *     64       35,891  
Incyte *     133       12,671  
Insulet *     53       9,123  
Intuitive Surgical *     286       130,876  
IQVIA Holdings *     136       21,538  
Johnson & Johnson     1,942       446,369  
Labcorp Holdings     63       16,178  
McKesson     98       79,890  
Medtronic PLC     1,031       83,480  
Merck     1,999       218,251  
Mettler-Toledo International *     16       20,426  
Moderna *     290       13,323  
Pfizer     4,575       122,152  
Quest Diagnostics     82       15,924  

 

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

60

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

 

 

    Shares     Value
COMMON STOCK — continued                
Health Care — continued                
Regeneron Pharmaceuticals     81     $ 57,272  
ResMed     111       23,733  
Revvity     81       7,016  
Solventum *     106       7,140  
STERIS PLC     74       16,049  
Stryker     277       87,291  
Thermo Fisher Scientific     302       144,646  
UnitedHealth Group     729       270,080  
Universal Health Services, Cl B     44       7,404  
Vertex Pharmaceuticals *     204       87,186  
Viatris     994       14,850  
Waters *     73       22,574  
West Pharmaceutical Services     58       17,260  
Zimmer Biomet Holdings     158       13,024  
Zoetis, Cl A     339       38,975  
              4,210,063  
Industrials — 8.9%                
3M     423       61,978  
A O Smith     79       4,885  
Allegion PLC     67       9,211  
AMETEK     185       43,568  
Automatic Data Processing     324       68,669  
Axon Enterprise *     68       27,320  
Boeing *     632       144,747  
Broadridge Financial Solutions     91       14,012  
Builders FirstSource *     79       6,248  
Carrier Global     670       45,004  
Caterpillar     375       333,791  
CH Robinson Worldwide     87       15,817  
Cintas     273       47,696  
Comfort Systems USA     26       47,847  
Copart *     782       25,892  
CSX     1,494       67,872  
Cummins     111       74,482  
Deere     203       119,744  
Delta Air Lines     521       35,423  
Dover     101       22,867  
Eaton PLC     313       135,532  

 

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

61

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

 

 

    Shares     Value
COMMON STOCK — continued                
Industrials — continued                
EMCOR Group     34     $ 30,317  
Emerson Electric     452       63,479  
Equifax     78       13,567  
Expeditors International of Washington     101       14,937  
Fastenal     969       43,537  
FedEx     174       70,176  
Fortive     272       16,263  
GE Aerospace     845       244,991  
GE Vernova     217       235,111  
Generac Holdings *     45       11,665  
General Dynamics     204       70,237  
Honeywell International     511       109,523  
Howmet Aerospace     322       78,259  
Hubbell, Cl B     40       20,327  
Huntington Ingalls Industries     30       10,929  
IDEX     54       11,764  
Illinois Tool Works     211       54,440  
Ingersoll Rand     306       24,437  
Jacobs Solutions     89       11,518  
JB Hunt Transport Services     43       10,816  
Johnson Controls International PLC     492       71,847  
L3Harris Technologies     150       48,083  
Leidos Holdings     97       14,474  
Lennox International     26       13,907  
Lockheed Martin     163       84,429  
Masco     190       13,646  
Nordson     43       12,403  
Norfolk Southern     180       56,849  
Northrop Grumman     107       62,004  
Old Dominion Freight Line     147       31,227  
Otis Worldwide     330       25,700  
PACCAR     422       50,134  
Parker-Hannifin     102       92,761  
Paychex     281       26,029  
Pentair PLC     110       8,878  
Quanta Services     120       87,332  
Republic Services, Cl A     161       33,684  
Rockwell Automation     85       34,757  
Rollins     255       14,211  

 

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

62

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

 

 

    Shares     Value
COMMON STOCK — continued                
Industrials — continued                
RTX     1,081     $ 190,332  
Snap-On     31       11,885  
Southwest Airlines     391       14,827  
Stanley Black & Decker     111       8,676  
Textron     138       13,243  
Trane Technologies PLC     178       87,672  
TransDigm Group     45       52,199  
Uber Technologies *     1,656       123,554  
Union Pacific     477       128,542  
United Airlines Holdings *     281       25,290  
United Parcel Service, Cl B     594       64,627  
United Rentals     51       48,952  
Veralto     198       17,464  
Verisk Analytics, Cl A     106       19,556  
Vertiv Holdings, Cl A     308       101,175  
Waste Management     298       69,300  
Westinghouse Air Brake Technologies     137       36,975  
WW Grainger     35       40,647  
Xylem     195       23,041  
              4,359,210  
Information Technology — 35.3%                
Accenture PLC, Cl A     495       88,461  
Adobe *     330       81,213  
Advanced Micro Devices *     1,313       465,445  
Akamai Technologies *     111       11,431  
Amphenol, Cl A     989       145,650  
Analog Devices     393       158,088  
Apple     11,832       3,210,613  
Applied Materials     639       252,079  
AppLovin, Cl A *     218       97,304  
Arista Networks *     831       143,522  
Autodesk *     170       40,290  
Broadcom     3,821       1,595,000  
Cadence Design Systems *     219       72,180  
CDW     95       13,006  
Ciena *     113       59,617  
Cisco Systems     3,182       291,153  
Cognizant Technology Solutions, Cl A     400       21,160  

 

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

63

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

 

 

    Shares     Value
COMMON STOCK — continued                
Information Technology — continued                
Coherent *     151     $ 48,276  
Corning     628       103,143  
Crowdstrike Holdings, Cl A *     203       90,487  
Datadog, Cl A *     283       37,410  
Dell Technologies, Cl C     239       49,939  
EPAM Systems *     40       4,551  
F5 *     43       13,928  
Fair Isaac *     16       16,400  
First Solar *     68       13,729  
Fortinet *     507       42,745  
Gartner *     57       8,464  
Gen Digital     488       9,414  
GoDaddy, Cl A *     99       8,592  
Hewlett Packard Enterprise     1,140       32,798  
HP     808       16,855  
Intel *     3,781       357,229  
International Business Machines     753       173,928  
Intuit     224       87,024  
Jabil     68       22,949  
Keysight Technologies *     138       48,288  
KLA     106       185,537  
Lam Research     1,006       259,407  
Lumentum Holdings *     57       51,432  
Microchip Technology     434       40,323  
Micron Technology     907       469,064  
Microsoft     5,984       2,440,156  
Monolithic Power Systems     39       62,962  
Motorola Solutions     133       58,391  
NetApp     158       17,502  
NVIDIA     19,584       3,908,379  
ON Semiconductor *     336       33,872  
Oracle     1,366       220,459  
Palantir Technologies, Cl A *     1,840       255,962  
Palo Alto Networks *     650       116,558  
PTC *     90       12,267  
Qnity Electronics     167       23,490  
QUALCOMM     859       154,259  
Roper Technologies     72       25,546  
Salesforce     754       133,104  

 

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

64

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

 

 

    Shares     Value
COMMON STOCK — continued                
Information Technology — continued                
Sandisk *     119     $ 130,485  
Seagate Technology Holdings     175       117,887  
ServiceNow *     841       74,269  
Skyworks Solutions     116       8,140  
Super Micro Computer *     445       12,193  
Synopsys *     154       74,320  
Teledyne Technologies *     35       22,605  
Teradyne     116       39,842  
Texas Instruments     731       205,469  
Trimble *     214       14,406  
Tyler Technologies *     26       8,870  
VeriSign     63       16,926  
Western Digital     273       118,624  
Workday, Cl A *     170       20,808  
Zebra Technologies, Cl A *     42       9,503  
              17,275,378  
Materials — 2.0%                
Air Products & Chemicals     179       53,709  
Albemarle     91       17,900  
Amcor PLC     377       14,341  
Avery Dennison     63       10,328  
Ball     234       14,293  
CF Industries Holdings     112       13,910  
Corteva     540       43,745  
CRH PLC     539       63,828  
Dow     599       24,253  
DuPont de Nemours     346       15,798  
Ecolab     205       53,423  
Freeport-McMoRan     1,156       66,794  
International Flavors & Fragrances     227       15,935  
International Paper     468       14,236  
Linde PLC     376       188,429  
LyondellBasell Industries, Cl A     225       16,785  
Martin Marietta Materials     40       24,763  
Mosaic     262       6,097  
Newmont     878       97,537  
Nucor     183       41,228  
Packaging Corp of America     73       15,582  

 

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

65

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

 

 

    Shares     Value
COMMON STOCK — continued                
Materials — continued                
PPG Industries     179     $ 19,421  
Sherwin-Williams     185       59,498  
Smurfit WestRock PLC     463       17,775  
Steel Dynamics     101       23,095  
Vulcan Materials     100       30,174  
              962,877  
Real Estate — 2.0%                
Alexandria Real Estate Equities ‡     109       4,416  
American Tower ‡     376       68,699  
AvalonBay Communities ‡     104       19,032  
BXP ‡     105       6,138  
Camden Property Trust ‡     76       7,982  
CBRE Group, Cl A *     233       33,256  
CoStar Group *     354       12,252  
Crown Castle ‡     364       32,316  
Digital Realty Trust ‡     259       52,044  
Equinix ‡     79       85,544  
Equity Residential ‡     295       19,287  
Essex Property Trust ‡     54       14,213  
Extra Space Storage ‡     170       24,366  
Federal Realty Investment Trust ‡     62       6,876  
Healthpeak Properties ‡     578       9,346  
Host Hotels & Resorts ‡     540       11,410  
Invitation Homes ‡     490       14,097  
Iron Mountain ‡     258       32,505  
Kimco Realty ‡     570       13,475  
Mid-America Apartment Communities ‡     85       10,980  
ProLogis ‡     748       106,231  
Public Storage ‡     118       35,689  
Realty Income ‡     738       47,409  
Regency Centers ‡     130       10,121  
SBA Communications, Cl A ‡     78       17,254  
Simon Property Group ‡     261       53,168  
UDR ‡     255       9,267  
Ventas ‡     390       34,265  
VICI Properties, Cl A ‡     912       26,630  
Welltower ‡     561       121,928  

 

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

66

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

 

 

    Shares     Value
COMMON STOCK — continued                
Real Estate — continued                
Weyerhaeuser ‡     607     $ 14,884  
              955,080  
Utilities — 2.4%                
AES     586       8,468  
Alliant Energy     228       16,742  
Ameren     221       25,117  
American Electric Power     434       59,506  
American Water Works     156       20,033  
Atmos Energy     127       24,127  
CenterPoint Energy     562       24,531  
CMS Energy     272       20,873  
Consolidated Edison     308       34,339  
Constellation Energy     251       78,563  
Dominion Energy     685       44,182  
DTE Energy     166       25,181  
Duke Energy     625       80,969  
Edison International     324       22,515  
Entergy     373       43,980  
Evergy     208       17,231  
Eversource Energy     317       22,412  
Exelon     874       40,195  
FirstEnergy     463       22,002  
NextEra Energy     1,676       164,047  
NiSource     390       18,829  
NRG Energy     170       26,449  
PG&E     1,914       31,811  
Pinnacle West Capital     94       9,750  
PPL     627       23,475  
Public Service Enterprise Group     400       32,664  
Sempra     524       49,843  
Southern     885       85,579  
Vistra     256       40,407  
WEC Energy Group     261       30,782  
Xcel Energy     474       39,318  
              1,183,920  
TOTAL UNITED STATES             49,603,488  
TOTAL COMMON STOCK
(Cost $32,627,310)		             49,712,745  

 

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

67

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

 

 

      Value
PURCHASED OPTIONS — 0.1%
(Cost $198,112)		   $ 59,824  
TOTAL INVESTMENTS — 101.8%
(Cost $32,825,422)		   $ 49,772,569  
         
WRITTEN OPTIONS — (1.9)%
(Premiums Received  $(857,352))		   $ (934,950 )

 

Percentages are based on Net Assets of $48,879,003.

 

A list of exchange-traded option contracts held by the Fund at April 30, 2026, is as follows:

 

Description   Number of
Contracts		   Notional
Amount		     Exercise
Price		     Expiration
Date		   Value
PURCHASED OPTIONS — 0.1%                                
Put Options                                
Mini-SPX Index   19   $ 1,369,710     $ 677.00     5/16/2026   $ 2,204  
S&P 500 Index   67     48,300,367       6,775.00     5/16/2026     57,620  
                                 
Total Purchased Options       $ 49,670,077                 $ 59,824  
WRITTEN OPTIONS — (1.9)%                                
Call Options                                
Mini-SPX Index   (19 ) $ (1,369,710 )   $ 713.00     5/16/2026   $ (23,750 )
S&P 500 Index   (67 )   (48,300,367 )     7,130.00     5/15/2026     (911,200 )
                                 
Total Written Options       $ (49,670,077 )               $ (934,950 )

 

* Non-income producing security.
‡ Real Estate Investment Trust
(A) All or a portion of these securities have been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $49,712,745.

 

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

68

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X S&P 500® Risk Managed Income ETF

 

 

The following is a summary of the level of inputs used as of April 30, 2026, 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   $ 49,712,745     $ —   $ —   $ 49,712,745  
Purchased Options     59,824       —     —     59,824  
Total Investments in Securities   $ 49,772,569     $ —   $ —   $ 49,772,569  
                             
Other Financial Instruments   Level 1   Level 2   Level 3   Total
Written Options   $ (934,950 )   $ —   $ —   $ (934,950 )
Total Other Financial Instruments   $ (934,950 )   $ —   $ —   $ (934,950 )

 

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.

69

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X Dow 30® Covered Call ETF
 
    Shares   Value
COMMON STOCK(A) — 100.7%                
UNITED STATES — 100.7%                
Communication Services — 1.9%                
Verizon Communications     21,113     $ 1,014,057  
Walt Disney     21,113       2,190,474  
              3,204,531  
Consumer Discretionary — 11.6%                
Amazon.com *     21,113       5,596,212  
Home Depot     21,113       6,941,954  
McDonald’s     21,113       6,198,566  
NIKE, Cl B     21,113       936,573  
              19,673,305  
Consumer Staples — 4.5%                
Coca-Cola     21,113       1,662,860  
Procter & Gamble     21,113       3,105,511  
Walmart     21,113       2,785,438  
              7,553,809  
Energy — 2.4%                
Chevron     21,113       4,081,354  
                 
Financials — 27.4%                
American Express     21,113       6,820,554  
Goldman Sachs Group     21,113       19,503,556  
JPMorgan Chase     21,113       6,613,225  
Travelers     21,113       6,442,421  
Visa, Cl A     21,113       6,963,912  
              46,343,668  
Health Care — 13.2%                
Amgen     21,113       7,310,376  
Johnson & Johnson     21,113       4,852,823  
Merck     21,113       2,305,118  
UnitedHealth Group     21,113       7,821,944  
              22,290,261  
Industrials — 18.5%                
3M     21,113       3,093,477  
Boeing *     21,113       4,835,510  

 

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

70

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X Dow 30® Covered Call ETF
 
    Shares   Value
COMMON STOCK — continued                
Industrials — continued                
Caterpillar     21,113     $ 18,792,893  
Honeywell International     21,113       4,525,149  
              31,247,029  
Information Technology — 17.2%                
Apple     21,113       5,729,013  
Cisco Systems     21,113       1,931,839  
International Business Machines     21,113       4,876,681  
Microsoft     21,113       8,609,459  
NVIDIA     21,113       4,213,521  
Salesforce     21,113       3,727,078  
              29,087,591  
Materials — 4.0%                
Sherwin-Williams     21,113       6,790,152  
                 
TOTAL UNITED STATES             170,271,700  
TOTAL COMMON STOCK
(Cost $128,315,198)		             170,271,700  
TOTAL INVESTMENTS — 100.7%
(Cost $128,315,198)		           $ 170,271,700  
                 
WRITTEN OPTIONS — (0.9)%                
(Premiums Received  $(2,058,099))           $ (1,456,475 )

 

Percentages are based on Net Assets of $169,056,820.

 

A list of exchange-traded option contracts held by the Fund at April 30, 2026, is as follows:

 

Description   Number of
Contracts		   Notional
Amount		   Exercise
Price		   Expiration
Date		   Value
WRITTEN OPTIONS — (0.9)%                                  
Call Options                                  
Dow Jones Industrial Average Index     (3,427)     $ (170,157,404)     $ 500.00     5/15/2026   $ (1,456,475)

 

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

71

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X Dow 30® Covered Call ETF
 
* Non-income producing security.
(A) All or a portion of these securities have been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $170,231,376.

 

The following is a summary of the level of inputs used as of April 30, 2026, 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   $ 170,271,700     $ —     $ —     $ 170,271,700  
Total Investments in Securities   $ 170,271,700     $ —     $ —     $ 170,271,700  
                                 
Other Financial Instruments     Level 1       Level 2       Level 3       Total  
Written Options   $ (1,456,475 )   $ —     $ —     $ (1,456,475 )
Total Other Financial Instruments   $ (1,456,475 )   $ —     $ —     $ (1,456,475 )

 

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.

72

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X Russell 2000 Covered Call & Growth ETF
 
    Shares   Value
EXCHANGE-TRADED FUND — 100.9%                
Domestic Equity — 100.9%                
Global X Russell 2000 ETF (A)(B)(C)     73,899     $ 8,026,170  
TOTAL EXCHANGE-TRADED FUND
(Cost $5,904,229)		             8,026,170  
TOTAL INVESTMENTS — 100.9%
(Cost $5,904,229)		           $ 8,026,170  
                 
WRITTEN OPTIONS — (1.0)%                
(Premiums Received  $(98,994))           $ (80,032 )

 

Percentages are based on Net Assets of $7,955,430.

 

A list of exchange-traded option contracts held by the Fund at April 30, 2026, is as follows:

 

Description   Number of
Contracts		   Notional
Amount		   Exercise
Price		   Expiration
Date		   Value  
WRITTEN OPTIONS — (1.0)%                                  
Call Options                                  
Cboe Mini-Russell 2000 Index     (3 )   $ (83,997)     $ 278.00     5/15/2026   $ (1,842)
Russell 2000 Index     (14 )     (3,919,867)       2,785.00     5/15/2026     (78,190)
                                   
Total Written Options           $ (4,003,864)                 $ (80,032)

 

(A) All or a portion of these securities have been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $5,135,515.
(B) For financial information on the Global X Russell 2000 ETF, please go to the Fund’s website at https://www.globalxetfs.com/explore/.
(C) Affiliated investment.

 

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

73

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X Russell 2000 Covered Call & Growth ETF

 

The following is a summary of the level of inputs used as of April 30, 2026, 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   $ 8,026,170     $ —     $ —     $ 8,026,170  
Total Investments in Securities   $ 8,026,170     $ —     $ —     $ 8,026,170  
                                 
Other Financial Instruments     Level 1       Level 2       Level 3       Total  
Written Options   $ (80,032 )   $ —     $ —     $ (80,032 )
Total Other Financial Instruments   $ (80,032 )   $ —     $ —     $ (80,032 )

 

The following is a summary of the Fund’s transactions with affiliates for the period ended April 30, 2026:

 

Value
10/31/2025		   Purchases
at Cost		   Proceeds
from Sales		   Change in
Unrealized
Appreciation
(Depreciation)		   Realized Gain
(Loss)		   Value
4/30/2026		   Income   Capital Gains  
  Global X Russell 2000 ETF                                                  
$ 8,146,793     $ 486,949     $ (1,577,931 )   $ 724,286     $ 246,073     $ 8,026,170     $ 66,035     $ —  

 

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.

74

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X Information Technology Covered Call & Growth ETF
 
    Shares     Value
EXCHANGE-TRADED FUND — 52.0%                
Domestic Equity — 52.0%                
Technology Select Sector SPDR ETF (A)(B)     41,303     $ 6,587,829  
TOTAL EXCHANGE-TRADED FUND
(Cost $4,314,428)		             6,587,829  
                 
COMMON STOCK — 50.7%                
NETHERLANDS — 0.3%                
Information Technology — 0.3%                
NXP Semiconductors     116       34,056  
                 
SWITZERLAND — 0.2%                
Information Technology — 0.2%                
TE Connectivity PLC     136       28,786  
                 
UNITED STATES — 50.2%                
Information Technology — 50.2%                
Accenture PLC, Cl A     290       51,826  
Adobe *     193       47,497  
Advanced Micro Devices *     777       275,439  
Akamai Technologies *     70       7,209  
Amphenol, Cl A     599       88,215  
Analog Devices     231       92,922  
Apple     2,884       782,573  
Applied Materials     378       149,117  
AppLovin, Cl A *     128       57,133  
Arista Networks *     488       84,282  
Autodesk *     98       23,226  
Broadcom     930       388,210  
Cadence Design Systems *     133       43,835  
CDW     66       9,036  
Ciena *     65       34,293  
Cisco Systems     1,881       172,111  
Cognizant Technology Solutions, Cl A     213       11,268  
Coherent *     86       27,495  
Corning     367       60,276  
Crowdstrike Holdings, Cl A *     123       54,827  
Datadog, Cl A *     164       21,679  
Dell Technologies, Cl C     136       28,417  

 

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

75

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X Information Technology Covered Call & Growth ETF
 
    Shares     Value
COMMON STOCK — continued                
Information Technology — continued                
EPAM Systems *     31     $ 3,527  
F5 *     31       10,041  
Fair Isaac *     11       11,275  
First Solar *     55       11,104  
Fortinet *     305       25,715  
Gartner *     40       5,940  
Gen Digital     299       5,768  
GoDaddy, Cl A *     69       5,989  
Hewlett Packard Enterprise     677       19,477  
HP     485       10,117  
Intel *     2,229       210,596  
International Business Machines     444       102,555  
Intuit     131       50,893  
Jabil     47       15,862  
Keysight Technologies *     79       27,643  
KLA     62       108,522  
Lam Research     594       153,169  
Lumentum Holdings *     33       29,777  
Microchip Technology     280       26,015  
Micron Technology     537       277,715  
Microsoft     1,458       594,543  
Monolithic Power Systems     22       35,517  
Motorola Solutions     81       35,561  
NetApp     101       11,188  
NVIDIA     4,775       952,947  
ON Semiconductor *     173       17,440  
Oracle     806       130,080  
Palantir Technologies, Cl A *     1,088       151,352  
Palo Alto Networks *     392       70,293  
PTC *     62       8,451  
Qnity Electronics     97       13,644  
QUALCOMM     504       90,508  
Roper Technologies     48       17,031  
Salesforce     444       78,379  
Sandisk *     72       78,949  
Seagate Technology Holdings PLC     102       68,711  
ServiceNow *     509       44,950  
Skyworks Solutions     76       5,333  
Super Micro Computer *     255       6,987  

 

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

76

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X Information Technology Covered Call & Growth ETF
 
    Shares     Value
COMMON STOCK — continued                
Information Technology — continued                
Synopsys *     91     $ 43,917  
Teledyne Technologies *     24       15,500  
Teradyne     79       27,134  
Texas Instruments     430       120,864  
Trimble *     122       8,213  
Tyler Technologies *     22       7,505  
VeriSign     42       11,284  
Western Digital     166       72,130  
Workday, Cl A *     109       13,342  
Zebra Technologies, Cl A *     26       5,883  
                 
TOTAL UNITED STATES             6,360,222  
TOTAL COMMON STOCK
(Cost $4,447,383)		             6,423,064  
TOTAL INVESTMENTS — 102.7%
(Cost $8,761,811)		           $ 13,010,893  
                 
WRITTEN OPTIONS — (2.8)%                
(Premiums Received  $(164,633))           $ (349,638 )

 

Percentages are based on Net Assets of $12,672,303.

 

A list of exchange-traded option contracts held by the Fund at April 30, 2026, is as follows:

 

Description   Number of
Contracts		   Notional
Amount		   Exercise
Price		     Expiration
Date		   Value
WRITTEN OPTIONS — (2.8)%                                  
Call Options                                  
The Technology Select Sector SPDR® Fund     (406)     $ (6,475,700)     $ 152.00     5/15/2026   $ (349,638)
                                   
* Non-income producing security.
(A) All or a portion of these securities have been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $6,475,700.
(B) For financial information on the Technology Select Sector SPDR Fund, please go to the Fund’s website at https://www.ssga.com/us/en/intermediary.

 

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

77

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X Information Technology Covered Call & Growth ETF

 

The following is a summary of the level of inputs used as of April 30, 2026, 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   $ 6,587,829     $ —     $ —     $ 6,587,829  
Common Stock     6,423,064       —       —       6,423,064  
Total Investments in Securities   $ 13,010,893     $ —     $ —     $ 13,010,893  
                                 
Other Financial Instruments     Level 1       Level 2       Level 3       Total  
Written Options   $ —     $ (349,638 )   $ —     $ (349,638 )
Total Other Financial Instruments   $ —     $ (349,638 )   $ —     $ (349,638 )

 

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.

78

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X Dow 30® Covered Call & Growth ETF
 
    Shares     Value
COMMON STOCK — 100.2%                
UNITED STATES — 100.2%                
Communication Services — 1.9%                
Verizon Communications     732     $ 35,158  
Walt Disney (A)     732       75,945  
              111,103  
Consumer Discretionary — 11.6%                
Amazon.com *(A)     732       194,024  
Home Depot (A)     732       240,682  
McDonald’s (A)     732       214,908  
NIKE, Cl B     732       32,471  
              682,085  
Consumer Staples — 4.4%                
Coca-Cola (A)     732       57,652  
Procter & Gamble     732       107,670  
Walmart     732       96,573  
              261,895  
Energy — 2.4%                
Chevron (A)     732       141,503  
Financials — 27.3%                
American Express (A)     732       236,473  
Goldman Sachs Group (A)     732       676,200  
JPMorgan Chase (A)     732       229,284  
Travelers (A)     732       223,362  
Visa, Cl A (A)     732       241,443  
              1,606,762  
Health Care — 13.1%                
Amgen (A)     732       253,455  
Johnson & Johnson     732       168,250  
Merck     732       79,920  
UnitedHealth Group (A)     732       271,191  
              772,816  
Industrials — 18.4%                
3M     732       107,253  
Boeing *(A)     732       167,650  

 

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

79

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X Dow 30® Covered Call & Growth ETF
 
    Shares     Value
COMMON STOCK — continued                
Industrials — continued                
Caterpillar (A)     732     $ 651,560  
Honeywell International (A)     732       156,890  
              1,083,353  
Information Technology — 17.1%                
Apple (A)     732       198,628  
Cisco Systems (A)     732       66,978  
International Business Machines (A)     732       169,078  
Microsoft (A)     732       298,495  
NVIDIA     732       146,085  
Salesforce (A)     732       129,220  
              1,008,484  
Materials — 4.0%                
Sherwin-Williams (A)     732       235,418  
                 
TOTAL UNITED STATES             5,903,419  
TOTAL COMMON STOCK
(Cost $5,070,669)		             5,903,419  
TOTAL INVESTMENTS — 100.2%
(Cost $5,070,669)		           $ 5,903,419  
                 
WRITTEN OPTIONS — (0.4)%                
(Premiums Received  $(35,653))           $ (25,075 )

 

Percentages are based on Net Assets of $5,888,949.

 

A list of exchange-traded option contracts held by the Fund at April 30, 2026, is as follows:

 

Description   Number of
Contracts		   Notional
Amount		   Exercise
Price		     Expiration
Date		   Value
WRITTEN OPTIONS — (0.4)%                                  
Call Options                                  
Dow Jones Industrial Average Index     (59)     $ (2,929,468)     $ 500.00     5/15/2026   $ (25,075)
   
* Non-income producing security.
(A) All or a portion of these securities have been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $3,084,966.

 

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

80

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X Dow 30® Covered Call & Growth ETF

 

The following is a summary of the level of inputs used as of April 30, 2026, 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   $ 5,903,419     $ —     $ —     $ 5,903,419  
Total Investments in Securities   $ 5,903,419     $ —     $ —     $ 5,903,419  
                                 
Other Financial Instruments     Level 1       Level 2       Level 3       Total  
Written Options   $ (25,075 )   $ —     $ —     $ (25,075 )
Total Other Financial Instruments   $ (25,075 )   $ —     $ —     $ (25,075 )

 

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.

81

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X MLP & Energy Infrastructure Covered Call ETF
           
    Shares     Value
EXCHANGE-TRADED FUND — 105.5%                
Domestic Equity — 105.5%                
Global X MLP & Energy Infrastructure ETF (A)(B)(C)     401,089     $ 30,434,633  
TOTAL EXCHANGE-TRADED FUND
(Cost $26,266,363)		             30,434,633  
TOTAL INVESTMENTS — 105.5%
(Cost $26,266,363)		           $ 30,434,633  
                 
WRITTEN OPTIONS — (5.6)%                
(Premiums Received  $(457,026))           $ (1,619,756 )

 

Percentages are based on Net Assets of $28,854,491.

 

A list of exchange-traded option contracts held by the Fund at April 30, 2026, is as follows:

 

Description   Number of
Contracts		   Notional
Amount		   Exercise
Price		     Expiration
Date		   Value
WRITTEN OPTIONS — (5.6)%                                  
Call Options                                  
Global X MLP & Energy Infrastructure ETF     (4,009)     $ (30,420,292)     $ 71.00     5/15/2026   $ (1,619,756)
   
(A) All or a portion of these securities have been segregated as collateral for options contracts. The Fair Value of the securities pledged as collateral is $30,973,230.
(B) For financial information on the Global X MLP & Energy Infrastructure ETF, please go to the Fund’s website at https://www.globalxetfs.com/explore/.
(C) Affiliated investment.

 

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

82

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Global X MLP & Energy Infrastructure Covered Call ETF

 

The following is a summary of the level of inputs used as of April 30, 2026, 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   $ 30,434,633     $ —     $ —     $ 30,434,633  
Total Investments in Securities   $ 30,434,633     $ —     $ —     $ 30,434,633  
                                 
Other Financial Instruments     Level 1       Level 2       Level 3       Total  
Written Options   $ —     $ (1,619,756 )   $ —     $ (1,619,756 )
Total Other Financial Instruments   $ —     $ (1,619,756 )   $ —     $ (1,619,756 )

 

The following is a summary of the Fund’s transactions with affiliates for the period ended April 30, 2026:

 

Value
10/31/2025		     Purchases
at Cost		     Proceeds
from Sales		   Change in
Unrealized
Appreciation
(Depreciation)		     Realized Gain
(Loss)		     Value
4/30/2026		     Income     Capital Gains  
  Global X MLP & Energy Infrastructure ETF                                                  
$ 11,145,491     $ 22,762,175     $ (8,767,680 )   $ 4,821,873     $ 472,774     $ 30,434,633     $ 63,032     $ 112,980  

 

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.

83

 

 

Schedule of Investments   April 30, 2026 (Unaudited)
Glossary (abbreviations used in preceding Schedules 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

 

84

 

Statements of Assets and Liabilities

April 30, 2026 (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   $ 1,872,269,225     $ 4,512,266,281     $ —     $ 89,472,951  
Cost of Affiliated Investments     3,178,873       —       982,533,359       —  
Cost (Proceeds) of Foreign Currency     —       —       5,089       —  
Investments, at Value   $ 3,160,293,109     $ 8,629,147,922     $ 26,263     $ 143,527,940  
Affiliated Investments, at Value     3,463,240       —       1,345,138,434       —  
Cash     2,006,586       13,930,708       1,170,456       249,940  
Foreign Currency, at Value     —       —       5,208       —  
Dividend, Interest, and Securities Lending Income Receivable     1,341,331       220,202       9       3,745  
Reclaim Receivable     11,500       37,187       141       395  
Receivable for Capital Shares Sold     —       15,295,188       —       —  
Receivable for Investment Securities Sold     —       1,386,468       —       292,140  
Total Assets     3,167,115,766       8,660,017,675       1,346,340,511       144,074,160  
Liabilities:                                
Options Written at Value (Premiums received $54,299,791, $182,580,833, $33,130,882 and$1,512,982,  respectively)     59,472,800       294,392,175       26,752,150       2,441,530  
Payable due to Investment Adviser     1,516,082       4,055,682       549,555       39,256  
Payable for Investment Securities Purchased     —       15,426,191       —       —  
Payable for Capital Shares Redeemed     —       899,717       —       286,047  
Total Liabilities     60,988,882       314,773,765       27,301,705       2,766,833  
Net Assets   $ 3,106,126,884     $ 8,345,243,910     $ 1,319,038,806     $ 141,307,327  
Net Assets Consist of:                                
Paid-in Capital   $ 3,075,917,356     $ 8,086,657,232     $ 1,366,841,752     $ 135,879,804  
Total Distributable Earnings (Accumulated Losses)     30,209,528       258,586,678       (47,802,946 )     5,427,523  
Net Assets   $ 3,106,126,884     $ 8,345,243,910     $ 1,319,038,806     $ 141,307,327  
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value)		     77,110,000       463,770,000       85,510,000       4,940,000  
Net Asset Value, Offering and Redemption Price Per Share     $40.28       $17.99       $15.43       $28.60  

 

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

 

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

85

 

Statements of Assets and Liabilities

April 30, 2026 (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   $ 49,600,428     $ 10,226,427     $ 32,825,422     $ 128,315,198  
Investments, at Value   $ 64,335,605     $ 16,822,667     $ 49,772,569     $ 170,271,700  
Cash     44,327       17,324       43,888       231,821  
Receivable for Investment Securities Sold     280,321       —       —       —  
Dividend, Interest, and Securities Lending Income Receivable     26,926       433       21,271       92,399  
Reclaim Receivable     230       51       185       —  
Total Assets     64,687,409       16,840,475       49,837,913       170,595,920  
Liabilities:                                
Options Written at Value (Premiums received $558,465, $358,600, $857,352 and $2,058,099,  respectively)     612,000       573,990       934,950       1,456,475  
Payable for Capital Shares Redeemed     280,953       —       —       —  
Payable due to Investment Adviser     18,049       7,936       23,960       82,625  
Total Liabilities     911,002       581,926       958,910       1,539,100  
Net Assets   $ 63,776,407     $ 16,258,549     $ 48,879,003     $ 169,056,820  
Net Assets Consist of:                                
Paid-in Capital   $ 61,776,935     $ 16,908,996     $ 50,416,367     $ 169,832,041  
Total Distributable Earnings (Accumulated Losses)     1,999,472       (650,447 )     (1,537,364 )     (775,221 )
Net Assets   $ 63,776,407     $ 16,258,549     $ 48,879,003     $ 169,056,820  
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value)		     2,270,000       1,050,000       2,840,000       7,840,000  
Net Asset Value, Offering and Redemption Price Per Share     $28.10       $15.48       $17.21       $21.56  

 

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

 

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

86

 

Statements of Assets and Liabilities

April 30, 2026 (Unaudited)

 

    Global X Russell
2000 Covered
Call & Growth
ETF		     Global X
Information
Technology
Covered Call &
Growth ETF		     Global X Dow
30® Covered Call
& Growth ETF		     Global X MLP
 & Energy
Infrastructure
Covered Call
ETF		  
Assets:                                
Cost of Investments   $ —     $ 8,761,811     $ 5,070,669     $ —  
Cost of Affiliated Investments     5,904,229       —       —       26,266,363  
Investments, at Value   $ —     $ 13,010,893     $ 5,903,419     $ —  
Affiliated Investments, at Value     8,026,170       —       —       30,434,633  
Cash     11,022       16,031       9,113       44,269  
Receivable for Investment Securities Sold     —       —       —       538,596  
Dividend, Interest, and Securities Lending Income Receivable     —       464       3,150       —  
Reclaim Receivable     —       94       —       —  
Total Assets     8,037,192       13,027,482       5,915,682       31,017,498  
Liabilities:                                
Options Written at Value (Premiums received $98,994, $164,633, $35,653 and $457,026,  respectively)     80,032       349,638       25,075       1,619,756  
Payable due to Investment Adviser     1,721       5,541       1,658       3,437  
Payable for Investment Securities Purchased     —       —       —       29,073  
Payable for Capital Shares Redeemed     —       —       —       510,741  
Custodian Fees Payable     9       —       —       —  
Total Liabilities     81,762       355,179       26,733       2,163,007  
Net Assets   $ 7,955,430     $ 12,672,303     $ 5,888,949     $ 28,854,491  
Net Assets Consist of:                                
Paid-in Capital   $ 7,567,208     $ 10,706,247     $ 5,770,171     $ 28,694,043  
Total Distributable Earnings     388,222       1,966,056       118,778       160,448  
Net Assets   $ 7,955,430     $ 12,672,303     $ 5,888,949     $ 28,854,491  
Outstanding Shares of Beneficial Interest
(unlimited authorization — no par value)		     340,000       330,000       220,000       1,130,000  
Net Asset Value, Offering and Redemption Price Per Share     $23.40       $38.40       $26.77       $25.53  

 

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

87

 

Statements of Operations

April 30, 2026 (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   $ 18,204,475     $ 27,073,708     $ —     $ 435,084  
Dividend Income, from Affiliated Investments     13,807       —       10,591,851       —  
Interest Income     154,885       428,218       64,582       15,172  
Less: Foreign Taxes Withheld     (4,207 )     (99,574 )     —       (1,623 )
Total Investment Income     18,368,960       27,402,352       10,656,433       448,633  
Expenses:                                
Supervision and Administration Fees(1)     9,215,869       24,316,725       3,818,555       232,081  
Custodian Fees(2)     —       16,948       1,608       —  
Total Expenses     9,215,869       24,333,673       3,820,163       232,081  
Net Investment Income     9,153,091       3,068,679       6,836,270       216,552  
Net Realized Gain (Loss) on:                                
Investments(3)     100,515,881       651,655,840       5,552       3,925,234  
Affiliated Investments     —       —       31,535,196 (3)      —  
Written Options     (26,139,345 )     122,400,323       (98,101,282 )     1,109,763  
Futures Contracts     —       —       452,913       —  
Payment from Adviser(4)     325       —       524,871       —  
Net Realized Gain (Loss)     74,376,861       774,056,163       (65,582,750 )     5,034,997  
Net Change in Unrealized Appreciation (Depreciation) on:                                
Investments     75,078,648       (118,459,002 )     2,434       4,741,666  
Affiliated Investments     167,276       —       133,820,702       —  
Written Options     37,943,695       92,221,985       3,094,943       546,594  
Foreign Currency Translations     —       —       149       —  
Net Change in Unrealized Appreciation (Depreciation)     113,189,619       (26,237,017 )     136,918,228       5,288,260  
Net Realized and Unrealized Gain (Loss)     187,566,480       747,819,146       71,335,478       10,323,257  
Net Increase in Net Assets Resulting from Operations   $ 196,719,571     $ 750,887,825     $ 78,171,748     $ 10,539,809  

 

(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 the 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 the Notes to Financial Statements.)
(4) See Note 3 in the Notes to Financial Statements.

 

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

 

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

88

 

Statements of Operations

April 30, 2026 (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   $ 366,487     $ 54,519     $ 258,701     $ 1,312,713  
Interest Income     5,616       857       2,225       —  
Less: Foreign Taxes Withheld     (83 )     (202 )     (66 )     —  
Total Investment Income     372,020       55,174       260,860       1,312,713  
Expenses:                                
Supervision and Administration Fees(1)     108,806       48,735       132,191       468,514  
Custodian Fees(2)     38       6       74       36  
Total Expenses     108,844       48,741       132,265       468,550  
Net Investment Income     263,176       6,433       128,595       844,163  
Net Realized Gain (Loss) on:                                
Investments(3)     2,919,729       1,663,140       1,641,768       163,745  
Purchased Options     —       (999,910 )     (1,813,140 )     —  
Written Options     (212,066 )     (46,092 )     (685,380 )     (4,994,308 )
Net Realized Gain (Loss)     2,707,663       617,138       (856,752 )     (4,830,563 )
Net Change in Unrealized Appreciation (Depreciation) on:                                
Investments     617,422       (618,701 )     1,211,266       7,171,991  
Purchased Options     —       111,744       205,402       —  
Written Options     326,823       216,679       532,734       2,912,078  
Net Change in Unrealized Appreciation (Depreciation)     944,245       (290,278 )     1,949,402       10,084,069  
Net Realized and Unrealized Gain (Loss)     3,651,908       326,860       1,092,650       5,253,506  
Net Increase in Net Assets Resulting from Operations   $ 3,915,084     $ 333,293     $ 1,221,245     $ 6,097,669  

 

(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 the Notes to Financial Statements.)  
(2) Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in the Notes to Financial Statements.)
(3) See Note 2 in the Notes to Financial Statements.

 

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

 

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

89

 

Statements of Operations

April 30, 2026 (Unaudited)

 

    Global X Russell
2000 Covered
Call & Growth
ETF		     Global X
Information
Technology
Covered Call &
Growth ETF		     Global X Dow
30® Covered Call
& Growth ETF		     Global X MLP
 & Energy
Infrastructure
Covered Call
ETF		  
Investment Income:                                
Dividend Income   $ —     $ 33,023     $ 43,864     $ —  
Dividend Income, from Affiliated Investments     66,035       —       —       63,032  
Interest Income     542       557       347       799  
Less: Foreign Taxes Withheld     —       (36 )     —       —  
Total Investment Income     66,577       33,544       44,211       63,831  
Expenses:                                
Supervision and Administration Fees(1)     13,871       33,891       9,395       54,461  
Custodian Fees(2)     1       —       15       169  
Total Expenses     13,872       33,891       9,410       54,630  
Waiver of Supervision and Administration Fees     —       (2,396 )     —       —  
Net Expenses     13,872       31,495       9,410       54,630  
Net Investment Income     52,705       2,049       34,801       9,201  
Net Realized Gain (Loss) on:                                
Investments(3)     —       17,050       (43,745 )     —  
Affiliated Investments     246,073       —       —       359,794  
Purchased Options     (626,531 )     —       —       —  
Written Options     313,266       162,517       (85,910 )     (2,284,489 )
Capital Gain Distribution from Affiliated Investments     —       —       —       112,980  
Payment from Adviser(4)     3,219       —       —       42,099  
Net Realized Gain (Loss)     (63,973 )     179,567       (129,655 )     (1,769,616 )
Net Change in Unrealized Appreciation (Depreciation) on:                                
Investments     —       809,870       290,559       —  
Affiliated Investments     724,286       —       —       4,821,873  
Written Options     8,610       (30,389 )     45,555       (1,216,567 )
Net Change in Unrealized Appreciation (Depreciation)     732,896       779,481       336,114       3,605,306  
Net Realized and Unrealized Gain (Loss)     668,923       959,048       206,459       1,835,690  
Net Increase in Net Assets Resulting from Operations   $ 721,628     $ 961,097     $ 241,260     $ 1,844,891  

 

(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 the 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 the Notes to Financial Statements.)
(4) See Note 3 in the Notes to Financial Statements.

 

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

90

 

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, 2026
(Unaudited)		   Year Ended
October 31, 2025		   Period Ended
April 30, 2026
(Unaudited)		   Year Ended
October 31, 2025
Operations:                                
Net Investment Income   $ 9,153,091     $ 21,938,898     $ 3,068,679     $ 14,457,623  
Net Realized Gain (Loss)     74,376,861       (17,892,403 )     774,056,163       (70,105,161 )
Net Change in Unrealized Appreciation (Depreciation)     113,189,619       287,957,124       (26,237,017 )     835,598,802  
Net Increase in Net Assets Resulting from Operations     196,719,571       292,003,619       750,887,825       779,951,264  
Distributions:     (166,515,422 )     (375,873,794 )     (492,301,154 )     (936,279,801 )
Return of Capital:     —       (9,611,596 )     —       (131,971,829 )
Capital Share Transactions:                                
Issued     243,783,827       869,780,373       984,337,712       1,579,472,532  
Redeemed     (224,750,040 )     (497,708,109 )     (996,376,628 )     (1,303,416,931 )
Increase (Decrease) in Net Assets from Capital Share Transactions     19,033,787       372,072,264       (12,038,916 )     276,055,601  
Total Increase (Decrease) in Net Assets     49,237,936       278,590,493       246,547,755       (12,244,765 )
Net Assets:                                
Beginning of Year/Period     3,056,888,948       2,778,298,455       8,098,696,155       8,110,940,920  
End of Year/Period   $ 3,106,126,884     $ 3,056,888,948     $ 8,345,243,910     $ 8,098,696,155  
Share Transactions:                                
Issued     6,030,000       21,420,000       56,030,000       90,530,000  
Redeemed     (5,580,000 )     (12,720,000 )     (56,790,000 )     (77,570,000 )
Net Increase (Decrease) in Shares Outstanding from Share Transactions     450,000       8,700,000       (760,000 )     12,960,000  

 

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

 

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

91

 

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, 2026
(Unaudited)		   Year Ended
October 31, 2025		   Period Ended
April 30, 2026
(Unaudited)		   Year Ended
October 31, 2025
Operations:                                
Net Investment Income   $ 6,836,270     $ 12,774,931     $ 216,552     $ 440,568  
Net Realized Gain (Loss)     (65,582,750 )     (6,616,766 )     5,034,997       785,373  
Net Change in Unrealized Appreciation (Depreciation)     136,918,228       93,458,906       5,288,260       18,879,814  
Net Increase in Net Assets Resulting from Operations     78,171,748       99,617,071       10,539,809       20,105,755  
Distributions:     (77,418,553 )     (14,289,808 )     (18,362,711 )     (24,445,611 )
Return of Capital:     —       (148,158,827 )     —       —  
Capital Share Transactions:                                
Issued     127,346,195       120,919,049       34,839,086       33,926,794  
Redeemed     (63,566,699 )     (213,229,734 )     (9,098,898 )     (10,468,057 )
Increase (Decrease) in Net Assets from Capital Share Transactions     63,779,496       (92,310,685 )     25,740,188       23,458,737  
Total Increase (Decrease) in Net Assets     64,532,691       (155,142,249 )     17,917,286       19,118,881  
Net Assets:                                
Beginning of Year/Period     1,254,506,115       1,409,648,364       123,390,041       104,271,160  
End of Year/Period   $ 1,319,038,806     $ 1,254,506,115     $ 141,307,327     $ 123,390,041  
Share Transactions:                                
Issued     8,310,000       7,690,000       1,210,000       1,190,000  
Redeemed     (4,130,000 )     (14,280,000 )     (340,000 )     (390,000 )
Net Increase (Decrease) in Shares Outstanding from Share Transactions     4,180,000       (6,590,000 )     870,000       800,000  

 

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

 

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

92

 

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, 2026
(Unaudited)		   Year Ended
October 31, 2025		   Period Ended
April 30, 2026
(Unaudited)		   Year Ended
October 31, 2025
Operations:                                
Net Investment Income   $ 263,176     $ 544,104     $ 6,433     $ 30,388  
Net Realized Gain (Loss)     2,707,663       5,208,961       617,138       (1,113,818 )
Net Change in Unrealized Appreciation (Depreciation)     944,245       2,055,889       (290,278 )     2,246,646  
Net Increase in Net Assets Resulting from Operations     3,915,084       7,808,954       333,293       1,163,216  
Distributions:     (6,796,057 )     (13,163,102 )     (983,743 )     (654,724 )
Return of Capital:     —       —       —       (1,539,180 )
Capital Share Transactions:                                
Issued     20,628,418       23,958,170       2,192,797       3,933,535  
Redeemed     (8,847,446 )     (23,022,657 )     (2,515,158 )     (3,063,610 )
Increase (Decrease) in Net Assets from Capital Share Transactions     11,780,972       935,513       (322,361 )     869,925  
Total Increase (Decrease) in Net Assets     8,899,999       (4,418,635 )     (972,811 )     (160,763 )
Net Assets:                                
Beginning of Year/Period     54,876,408       59,295,043       17,231,360       17,392,123  
End of Year/Period   $ 63,776,407     $ 54,876,408     $ 16,258,549     $ 17,231,360  
Share Transactions:                                
Issued     720,000       850,000       140,000       230,000  
Redeemed     (320,000 )     (850,000 )     (160,000 )     (190,000 )
Net Increase (Decrease) in Shares Outstanding from Share Transactions     400,000       —       (20,000 )     40,000  

 

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

 

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

93

 

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, 2026
(Unaudited)		   Year Ended
October 31, 2025		   Period Ended
April 30, 2026
(Unaudited)		   Year Ended
October 31, 2025
Operations:                                
Net Investment Income   $ 128,595     $ 319,252     $ 844,163     $ 1,384,837  
Net Realized Gain (Loss)     (856,752 )     (2,952,123 )     (4,830,563 )     (600,090 )
Net Change in Unrealized Appreciation (Depreciation)     1,949,402       5,387,697       10,084,069       12,540,063  
Net Increase in Net Assets Resulting from Operations     1,221,245       2,754,826       6,097,669       13,324,810  
Distributions:     (2,758,610 )     (2,754,825 )     (10,224,931 )     (14,518,457 )
Return of Capital:     —       (2,675,570 )     —       —  
Capital Share Transactions:                                
Issued     9,966,250       9,662,344       43,749,809       53,828,678  
Redeemed     (2,977,078 )     (3,005,630 )     (4,169,119 )     (9,746,859 )
Increase in Net Assets from Capital Share Transactions     6,989,172       6,656,714       39,580,690       44,081,819  
Total Increase in Net Assets     5,451,807       3,981,145       35,453,428       42,888,172  
Net Assets:                                
Beginning of Year/Period     43,427,196       39,446,051       133,603,392       90,715,220  
End of Year/Period   $ 48,879,003     $ 43,427,196     $ 169,056,820     $ 133,603,392  
Share Transactions:                                
Issued     570,000       510,000       1,970,000       2,430,000  
Redeemed     (170,000 )     (170,000 )     (190,000 )     (450,000 )
Net Increase in Shares Outstanding from Share Transactions     400,000       340,000       1,780,000       1,980,000  

 

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

 

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

94

 

Statements of Changes in Net Assets

 

 

    Global X Russell 2000 Covered Call
 & Growth ETF		   Global X Information Technology
Covered Call & Growth ETF
    Period Ended
April 30, 2026
(Unaudited)		   Year Ended
October 31, 2025		   Period Ended
April 30, 2026
(Unaudited)		   Year Ended
October 31, 2025
Operations:                                
Net Investment Income   $ 52,705     $ 89,992     $ 2,049     $ 14,618  
Net Realized Gain (Loss)     (63,973 )     (192,042 )     179,567       (176,546 )
Net Change in Unrealized Appreciation (Depreciation)     732,896       857,486       779,481       2,448,221  
Net Increase in Net Assets Resulting from Operations     721,628       755,436       961,097       2,286,293  
Distributions:     (574,915 )     (1,485,255 )     (528,915 )     (695,323 )
Return of Capital:     —       —       —       (152,513 )
Capital Share Transactions:                                
Issued     229,997       3,542,028       1,069,617       2,344,622  
Redeemed     (458,115 )     (1,188,719 )     —       (1,026,890 )
Increase (Decrease) in Net Assets from Capital Share Transactions     (228,118 )     2,353,309       1,069,617       1,317,732  
Total Increase (Decrease) in Net Assets     (81,405 )     1,623,490       1,501,799       2,756,189  
Net Assets:                                
Beginning of Year/Period     8,036,835       6,413,345       11,170,504       8,414,315  
End of Year/Period   $ 7,955,430     $ 8,036,835     $ 12,672,303     $ 11,170,504  
Share Transactions:                                
Issued     10,000       160,000       30,000       70,000  
Redeemed     (20,000 )     (60,000 )     —       (30,000 )
Net Increase (Decrease) in Shares Outstanding from Share Transactions     (10,000 )     100,000       30,000       40,000  

 

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

95

 

Statements of Changes in Net Assets

 

 

    Global X Dow 30® Covered Call &
Growth ETF		   Global X MLP & Energy
Infrastructure Covered Call ETF
    Period Ended
April 30, 2026
(Unaudited)		   Year Ended
October 31, 2025		   Period Ended
April 30, 2026
(Unaudited)		   Year Ended
October 31, 2025
Operations:                                
Net Investment Income   $ 34,801     $ 32,688     $ 9,201     $ 375,721  
Net Realized Gain (Loss)     (129,655 )     160,290       (1,769,616 )     1,341,461  
Net Change in Unrealized Appreciation (Depreciation)     336,114       205,655       3,605,306       (965,806 )
Net Increase in Net Assets Resulting from Operations     241,260       398,633       1,844,891       751,376  
Distributions:     (420,670 )     (339,585 )     (1,386,283 )     (1,194,015 )
Capital Share Transactions:                                
Issued     1,942,124       2,609,108       20,909,310       21,514,278  
Redeemed     —       (526,840 )     (3,540,622 )     (12,594,900 )
Increase in Net Assets from Capital Share Transactions     1,942,124       2,082,268       17,368,688       8,919,378  
Total Increase in Net Assets     1,762,714       2,141,316       17,827,296       8,476,739  
Net Assets:                                
Beginning of Year/Period     4,126,235       1,984,919       11,027,195       2,550,456  
End of Year/Period   $ 5,888,949     $ 4,126,235     $ 28,854,491     $ 11,027,195  
Share Transactions:                                
Issued     70,000       100,000       820,000       850,000  
Redeemed     —       (20,000 )     (140,000 )     (500,000 )
Net Increase in Shares Outstanding from Share Transactions     70,000       80,000       680,000       350,000  

 

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

96

 

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)
($)		   Total from
Operations
($)		   Distribution
from Net
Investment
Income ($)		   Distribution
from Capital
Gains ($)		   Return of
Capital ($)
Global X S&P 500® Covered Call ETF
2026 (Unaudited)§     39.88       0.12       2.45       2.57       (2.17 )     —       —  
2025     40.88       0.29       3.82       4.11       (3.80 )     (1.19 )     (0.12 )
2024     38.18       0.36       6.17       6.53       (3.83 )     —       —  
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 )     —       —  
Global X NASDAQ 100® Covered Call ETF
2026 (Unaudited)§     17.43       0.01       1.61       1.62       (1.06 )     —       —  
2025     17.96       0.03       1.65       1.68       (1.60 )     (0.34 )     (0.27 )
2024     16.60       0.06       3.39       3.45       (2.09 )     —       —  
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 )     —       —  
Global X Russell 2000 Covered Call ETF
2026 (Unaudited)§     15.42       0.08       0.86       0.94       (0.93 )     —       —  
2025     16.03       0.15       1.10       1.25       (0.16 )     —       (1.70 )
2024     16.10       0.12       1.78       1.90       (0.14 )     —       (1.83 )
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 )     —       —  

 

* 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.
§ For the period ended April 30, 2026.
(1) Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.
(2) Net investment income ratios do not reflect the proportionate share of income and expenses of the underlying funds in which the fund invests.
(3) The ratio of expenses to average net assets includes the effect of a waiver due to acquired fund fees and expenses associated with investments in unaffiliated underlying funds. The ratio of expenses 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 years ending on October 31, 2023, 2022, and 2021, respectively. The Supervision and Administration Agreement for the Funds provides that the Adviser bears the costs for acquired fund fees and expenses generated by investments in affiliated investment companies. These amounts are included under Payment from Adviser in the Schedule of Operations. See Note 3 in the Notes to the Financial Statements.
(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 of expenses to average net assets would have been 0.54%.
  Amounts designated as “—” are either $0 or have been rounded to $0.

 

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

97

 

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 Rate
(%)††
                                                                                                                                                                            
  (2.17 )     40.28       6.61       3,106,127       0.60 †(1)      0.60 †(2)      4.94  
  (5.11 )     39.88       10.72       3,056,889       0.60 (1)      0.72 (2)      9.05  
  (3.83 )     40.88       17.72       2,778,298       0.60       0.88       3.83  
  (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  
                                                     
  (1.06 )     17.99       9.62       8,345,244       0.60 †     0.08 †      17.27  
  (2.21 )     17.43       10.25       8,098,696       0.60       0.17       24.46  
  (2.09 )     17.96       21.73       8,110,941       0.60       0.34       21.54  
  (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  
                                                     
  (0.93 )     15.43       6.28       1,319,039       0.60 †(1)      1.07 †(2)      7.12  
  (1.86 )     15.42       8.53       1,254,506       0.57 (1)(3)      0.95 (2)      11.22  
  (1.97 )     16.03       12.30       1,409,648       0.56 (1)(3)      0.76 (2)      105.44  
  (2.17 )     16.10       (7.18 )     1,406,038       0.57 (1)(3)      1.04 (2)      19.24  
  (2.72 )     19.55       (12.18 )     1,342,241       0.55 (1)(3)(4)      0.86 (2)      186.48  
  (2.90 )     25.18       38.82       554,446       0.50 (1)(3)      0.53 (2)      8.94  

 

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

98

 

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)
($)		   Total from
Operations
($)		   Distribution
from Net
Investment
Income ($)		   Distribution
from Capital
Gains ($)		   Return of
Capital ($)
Global X Nasdaq 100® Covered Call & Growth ETF
2026 (Unaudited)§          30.32                 0.05                 2.09                 2.14                 (1.08 )                (2.78 )                —       
2025     31.89       0.12       5.46       5.58       (1.85 )     (5.30 )     —  
2024     26.07       0.14       7.58       7.72       (1.90 )     —       —  
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 )     —       —  
Global X S&P 500® Covered Call & Growth ETF
2026 (Unaudited)§     29.35       0.12       1.62       1.74       (0.85 )     (2.14 )     —  
2025     31.71       0.28       4.11       4.39       (1.50 )     (5.25 )     —  
2024     26.07       0.30       6.75       7.05       (1.41 )     —       —  
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 )     —       —  
Global X NASDAQ 100® Risk Managed Income ETF
2026 (Unaudited)§     16.10       0.01       0.32       0.33       (0.95 )     —       —  
2025     16.89       0.03       1.17       1.20       (0.59 )     —       (1.40 )
2024     16.64       0.05       2.25       2.30       (0.05 )     —       (2.00 )
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(3)     24.60       (0.01 )     (0.16 )     (0.17 )     (0.00 )     —       (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.
§ For the period ended April 30, 2026.
(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 of expenses to average net assets would have been 0.60%.
(2) 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 of expenses to average net assets would have been 0.60% and 0.61% for the years ending on October 31, 2023 and 2022, respectively.
(3) 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.

99

 

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 Rate
(%)††
                                       
        (3.86 )                  28.60                   7.95                   141,307                   0.35 †                  0.33 †                  12.33        
  (7.15 )     30.32       20.64       123,390       0.35       0.42       14.80  
  (1.90 )     31.89       30.15       104,271       0.46       0.46       14.82  
  (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  
                                                     
  (2.99 )     28.10       6.37       63,776       0.35 †      0.85 †      2.66  
  (6.75 )     29.35       16.08       54,876       0.35       0.97       5.37  
  (1.41 )     31.71       27.47       59,295       0.46       1.00       3.25  
  (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  
                                                     
  (0.95 )     15.48       2.13       16,259       0.60 †      0.08 †      9.70  
  (1.99 )     16.10       7.57       17,231       0.60       0.17       18.43  
  (2.05 )     16.89       14.48       17,392       0.60       0.31       8.02  
  (2.16 )     16.64       3.42       11,813       0.61 (2)      0.30       22.73  
  (1.95 )     18.17       (17.24 )     10,720       0.62 (2)      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.

100

 

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)
($)		   Total from
Operations
($)		   Distribution
from Net
Investment
Income ($)		   Distribution
from Capital
Gains ($)		   Return of
Capital ($)
Global X S&P 500® Risk Managed Income ETF                                                        
2026 (Unaudited)§     17.80       0.05       0.44       0.49       (1.08 )     —       —  
2025     18.78       0.13       1.12       1.25       (1.13 )     —       (1.10 )
2024     18.56       0.16       2.34       2.50       (0.34 )     —       (1.94 )
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                                                        
2026 (Unaudited)§     22.05       0.12       0.82       0.94       (0.96 )     (0.47 )     —  
2025     22.23       0.25       2.36       2.61       (1.70 )     (1.09 )     —  
2024     20.89       0.31       2.54       2.85       (1.51 )     —       —  
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                                              
2026 (Unaudited)§     22.96       0.15       1.91       2.06       (0.95 )     (0.67 )     —  
2025     25.65       0.28       2.20       2.48       (1.57 )     (3.60 )     —  
2024     22.38       0.30       4.78       5.08       (1.81 )     —       —  
2023     26.58       0.28       (2.31 )     (2.03 )     (0.17 )     (0.82 )     (1.18 )
2022(8)     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.
§ For the period ended April 30, 2026.
(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 of expenses 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 of expenses to average net assets would have been 0.60%.
(5) Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.
(6) Net investment income ratios do not reflect the proportionate share of income and expenses of the underlying funds in which the fund invests.
(7) The ratio of expenses to average net assets includes the effect of a waiver due to acquired fund fees and expenses associated with investments in unaffiliated underlying funds. The ratio of expenses 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 years ending on October 31, 2023 and 2022, respectively. The Supervision and Administration Agreement for the Funds provides that the Adviser bears the costs for acquired fund fees and expenses generated by investments in affiliated investment companies.
  These amounts are included under Payment from Adviser in the Schedule of Operations. See Note 3 in the Notes to the Financial Statements.

 

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

101

 

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 Rate
(%)††
                                                                                                                                             
  (1.08 )     17.21       2.82       48,879       0.60 †     0.58 †     3.41  
  (2.23 )     17.80       7.06       43,427       0.60       0.72       9.81  
  (2.28 )     18.78       14.10       39,446       0.60       0.87       3.08  
  (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  
                                                     
  (1.43 )     21.56       4.34       169,057       0.60 †     1.08 †     3.39  
  (2.79 )     22.05       12.45       133,603       0.60       1.12       13.50  
  (1.51 )     22.23       13.86       90,715       0.60       1.37       6.14  
  (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  
                                                     
  (1.62 )     23.40       9.47       7,955       0.35 †(5)      1.33 †(6)     3.08  
  (5.17 )     22.96       11.44       8,037       0.35 (5)      1.24 (6)      5.24  
  (1.81 )     25.65       23.12       6,413       0.38 (5)(7)      1.19 (6)      96.85  
  (2.17 )     22.38       (8.16 )     8,279       0.50 (5)(7)      1.11 (6)      5.48  
  (0.13 )     26.58       3.14       2,658       0.50 †(5)(7)      (0.50 )†(6)      0.00  

 

(8) 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.

102

 

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)
($)		   Total from
Operations
($)		   Distribution
from Net
Investment
Income ($)		   Distribution
from Capital
Gains ($)		   Return of
Capital ($)
Global X Information Technology Covered Call & Growth ETF                        
2026 (Unaudited)§           37.24                   0.01                   2.81                   2.82                   (1.66 )                  —                   —        
2025     32.36       0.05       7.52       7.57       (2.21 )     —       (0.48 )
2024     28.86       0.06       7.62       7.68       (3.02 )     (0.95 )     (0.21 )
2023(4)     24.74       0.11       5.55       5.66       (1.54 )     —       —  
Global X Dow 30® Covered Call & Growth ETF
2026 (Unaudited)§     27.51       0.17       1.12       1.29       (0.61 )     (1.42 )     —  
2025     28.36       0.36       3.23       3.59       (1.02 )     (3.42 )     —  
2024     24.20       0.40       4.67       5.07       (0.91 )     —       —  
2023(5)     25.81       0.10       (1.48 )     (1.38 )     (0.09 )     —       (0.14 )
Global X MLP & Energy Infrastructure Covered Call ETF
2026 (Unaudited)§     24.50       0.01       2.95       2.96       (1.35 )     (0.58 )     —  
2025     25.50       0.92       1.00       1.92       (2.92 )     —       —  
2024(6)     24.95       0.24       1.50       1.74       (1.14 )     —       (0.05 )

 

* 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.
§ For the period ended April 30, 2026.
(1) Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.
(2) Net investment income ratios do not reflect the proportionate share of income and expenses of the underlying funds in which the fund invests.
(3) The ratio of expenses to average net assets includes the effect of a waiver due to acquired fund fees and expenses. The ratio of expenses 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 years ended on October 31, 2023, 2024 and 2025, respectively.
(4) The Fund commenced operations on November 21, 2022.
(5) The Fund commenced operations on July 25, 2023.
(6) The Fund commenced operations on May 7, 2024.
  Amounts designated as “—” are either $0 or have been rounded to $0.

 

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

103

 

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 Rate
(%)††
                                                                                                                                         
  (1.66 )     38.40       8.02       12,672       0.56 †(1)      0.04 †(2)      4.30  
  (2.69 )     37.24       24.83       11,171       0.56 (1)(3)      0.14 (2)      4.30  
  (4.18 )     32.36       27.98       8,414       0.55 (1)(3)      0.20 (2)      22.38  
  (1.54 )     28.86       23.27       3,463       0.55 †(1)(3)      0.42 †(2)      13.93  
                                                     
  (2.03 )     26.77       4.85       5,889       0.35 †     1.30 †     1.97  
  (4.44 )     27.51       14.07       4,126       0.35       1.35       11.74  
  (0.91 )     28.36       21.13       1,985       0.48       1.49       6.08  
  (0.23 )     24.20       (5.35 )     2,421       0.60 †     1.43 †     0.21  
                                                     
  (1.93 )     25.53       12.51       28,854       0.60 †(1)      0.10 †(2)      4.69  
  (2.92 )     24.50       7.92       11,027       0.60 (1)      3.65 (2)      15.69  
  (1.19 )     25.50       7.09       2,550       0.60 †(1)      1.96 †(2)     2.51  

 

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

104

 

Notes to Financial Statements

April 30, 2026 (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, 2026, the Trust had one hundred twenty-four portfolios, one hundred and fifthteen 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 Information Technology Covered Call & Growth ETF, Global X Dow 30® Covered Call & Growth ETF and Global X MLP & Energy Infrastructure Covered Call ETF (each a “Fund”, and collectively, the “Funds”).

 

Each Fund (except the Global X Russell 2000 Covered Call ETF, Global X Russell 2000 Covered Call & Growth 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.

 

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 (“FASB”). 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, 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.

 

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2. SIGNIFICANT ACCOUNTING POLICIES (continued)

 

By confining their operations to these specific activities, their interests, or units, are able to trade on public securities exchanges exactly like the shares of a corporation, without entity level taxation. To qualify as an MLP and to not be taxed as a corporation, a partnership must receive at least 90% of its income from qualifying sources as set forth in Section 7704(d) of the Internal Revenue Code of 1986, as amended (the “Code”). These qualifying sources include natural resource-based activities such as the processing, transportation and storage of mineral or natural resources. MLPs generally have two classes of owners: the general partner and limited partners. The general partner of an MLP is typically owned by a major energy company, an investment fund, the direct management of the MLP, or is an entity owned by one or more of such parties. The general partner may be structured as a private or publicly traded corporation or other entity.

 

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 Standard 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).

 

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2. SIGNIFICANT ACCOUNTING POLICIES (continued)

 

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’ 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 NAVs, 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

 

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2. SIGNIFICANT ACCOUNTING POLICIES (continued)

 

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 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); and

 

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 Schedules 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, 2026. The Funds

 

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2. SIGNIFICANT ACCOUNTING POLICIES (continued)

 

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 are held by Brown Brothers Harriman & Co. (“BBH”) or The Bank of New York Mellon (“BNY”), 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 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 each Fund’s 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 Internal Revenue Code of 1986. 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

 

109

 

Notes to Financial Statements (Continued)

April 30, 2026 (Unaudited)

 

 

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

 

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, 2026, 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.

 

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.

 

FUTURES CONTRACTS — To the extent consistent with its investment objective and strategies, each Fund may use futures contracts for tactical hedging purposes as well as to enhance the Fund’s returns. Initial margin deposits of cash or securities are made upon entering into futures contracts. The contracts are marked to market daily and the resulting changes in value are accounted for as unrealized gains and losses. Variation margin payments are paid or received, depending upon whether unrealized gains or losses are incurred. When the contract is closed, the Fund records a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transaction and the amount invested in the contract.

 

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April 30, 2026 (Unaudited)

 

 

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

 

Risks of entering into futures contracts include the possibility that there will be an imperfect price correlation between the futures and the underlying securities. It is possible that a lack of liquidity for futures contracts could exist in the secondary market, resulting in an inability to close a position prior to its maturity date. A futures contract involves the risk that the Fund could lose more than the original margin deposit required to initiate a futures transaction.

 

Futures contracts shall be valued at the settlement price established each day by the board of the exchange on which they are traded. The daily settlement prices for financial futures are provided by an independent source.

 

Finally, the risk exists that losses could exceed amounts disclosed on the Statements of Assets and Liabilities. Refer to the Funds’ Schedule of Investments for details regarding open futures contracts as of April 30, 2026, if applicable.

 

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 NAV and only in large blocks of 10,000 Shares, referred to as “Creation Units”. Purchasers of Creation Units (each, an “Authorized Participant”) 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.

 

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:

 

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2. SIGNIFICANT ACCOUNTING POLICIES (continued)

 

    Creation
Unit
Shares		     Creation
Fee		     Redemption
Fee		  
Global X S&P 500® Covered Call ETF     10,000     $ 1,700     $ 1,700  
Global X NASDAQ 100® Covered Call ETF     10,000       300       300  
Global X Russell 2000 Covered Call ETF     10,000       250       250  
Global X Nasdaq 100® Covered Call & Growth ETF     10,000       250       250  
Global X S&P 500® Covered Call & Growth ETF     10,000       800       800  
Global X NASDAQ 100® Risk Managed Income ETF     10,000       250       250  
Global X S&P 500® Risk Managed Income ETF     10,000       800       800  
Global X Dow 30® Covered Call ETF     10,000       250       250  
Global X Russell 2000 Covered Call & Growth ETF     10,000       250       250  
Global X Information Technology Covered Call & Growth ETF     10,000       250       250  
Global X Dow 30® Covered Call & Growth ETF     10,000       250       250  
Global X MLP & Energy Infrastructure Covered Call ETF     10,000       50       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, if a Fund for which BNY is Custodian has a cash overdraft, it will be charged interest at a rate then charged by BNY to its institutional custody clients in the relevant currency. Cash overdraft charges are included in Custodian Fees Payable on the Statements of Assets and Liabilities and the Custodian Fees on the Statements of Operations, if applicable.

 

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.

 

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April 30, 2026 (Unaudited)

 

 

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

 

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 Information Technology Covered Call & Growth ETF, Global X Dow 30® Covered Call & Growth ETF and Global X MLP & Energy Infrastructure 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 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.

 

SEGMENT REPORTING — The Funds have adopted FASB Update 2023-07, Segment Reporting (Topic 280) — Improvements to Reportable Segment Disclosures (“ASU 2023-07), with the intent of improving reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses, allowing financial statement users to better understand the components of a segment’s profit or loss and assess potential future cash flows for each reportable segment and the entity as a whole, thereby enabling better understanding of how an entity’s segments impact overall performance. The Funds’ adoption of ASU 2023-07 impacted financial statement disclosures only and did not affect the Funds’ financial position or results of operations.

 

The Trust’s Chief Financial Officer acts as each Fund’s Chief Operating Decision Maker (“CODM”) and is responsible for assessing performance and allocating resources with respect to the Funds. The CODM has concluded that each Fund operates as a single operating

 

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Notes to Financial Statements (Continued)

April 30, 2026 (Unaudited)

 

 

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

 

segment since each Fund has a single investment strategy as disclosed in its prospectus, against which the CODM assesses performance. The financial information provided to and reviewed by the CODM is presented within each Fund’s financial statements.

 

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 the (“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 Supervision and Administration Agreement for the Funds provides that the Adviser also bears the costs for acquired fund fees and expenses generated by investments by the Global X S&P 500 Covered Call ETF, Global X Russell 2000 Covered Call ETF, Global X MLP & Energy Infrastructure Covered Call ETF and Global X Russell 2000 Covered Call & Growth ETF in affiliated investment companies. For the period ended April 30, 2026, the Adviser paid acquired fund fees and expenses of $325, $524,871, $42,099 and $3,219 for the Global X S&P 500 Covered Call ETF, Global X Russell 2000 Covered Call ETF, Global X MLP & Energy Infrastructure Covered Call ETF and Global X Russell 2000 Covered Call & Growth ETF, respectively, and made such reimbursement payments to the Funds on a monthly basis. These amounts are included in Payment from Adviser on the Statements of Operations.

 

The following table discloses supervision and administration fees payable pursuant to the Supervision and Administration Agreement:

 

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Notes to Financial Statements (Continued)

April 30, 2026 (Unaudited)

 

 

3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)

 

    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   0.60%
Global X Nasdaq 100® Covered Call & Growth ETF   0.35%
Global X S&P 500® Covered Call & Growth ETF   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   0.35%
Global X Information Technology Covered Call & Growth ETF(1)   0.60%
Global X Dow 30® Covered Call & Growth ETF   0.35%
Global X MLP & Energy Infrastructure Covered Call ETF   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 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, 2027.

 

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

 

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Notes to Financial Statements (Continued)

April 30, 2026 (Unaudited)

 

 

3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)

 

Funds for its distribution services under the Distribution Agreement; rather, the Adviser compensates SIDCO for certain expenses, out-of-pocket costs, and transaction fees.

 

BBH serves as Custodian and Transfer Agent of the Global X S&P 500® Covered Call ETF, Global X NASDAQ 100® Covered Call ETF, Global X Russell 2000 Covered Call ETF, Global X Dow 30® Covered Call ETF, and the Global X MLP & Energy Infrastructure 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, Global X Russell 2000 Covered Call ETF, Global X Dow 30® Covered Call ETF, and the Global X MLP & Energy Infrastructure Covered Call ETF, BNY serves as Custodian and transfer agent to the Trust on behalf of the Funds. As Custodian, BNY 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 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 (DTC) 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.

 

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Notes to Financial Statements (Continued)

April 30, 2026 (Unaudited)

 

 

4. INVESTMENT TRANSACTIONS

 

For the period ended April 30, 2026, 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   $ 156,715,940     $ 364,007,122  
Global X NASDAQ 100® Covered Call ETF     1,460,047,941       1,917,743,772  
Global X Russell 2000 Covered Call ETF     93,727,893       270,914,353  
Global X Nasdaq 100® Covered Call & Growth ETF     16,603,847       34,870,752  
Global X S&P 500® Covered Call & Growth ETF     1,659,841       8,559,705  
Global X NASDAQ 100® Risk Managed Income ETF     1,642,388       3,694,875  
Global X S&P 500® Risk Managed Income ETF     1,551,413       6,389,888  
Global X Dow 30® Covered Call ETF     5,403,173       21,797,518  
Global X Russell 2000 Covered Call & Growth ETF     247,737       1,108,872  
Global X Information Technology Covered Call & Growth ETF     498,944       912,364  
Global X Dow 30® Covered Call & Growth ETF     106,063       622,636  
Global X MLP & Energy Infrastructure Covered Call ETF     899,460       4,965,736  

 

During the period ended April 30, 2026, there were no purchases or sales of long-term U.S. Government securities for the Funds.

 

For the period ended April 30, 2026, in-kind transactions associated with creations and redemptions were:

 

    Purchases     Sales     Realized
Gain (Loss)		  
Global X S&P 500® Covered Call ETF   $ 248,072,579     $ 228,220,930     $ 109,327,352  
Global X NASDAQ 100® Covered Call ETF     976,509,066       994,520,764       543,488,932  
Global X Russell 2000 Covered Call ETF     132,742,179       65,856,235       14,631,980  
Global X Nasdaq 100® Covered Call & Growth ETF     35,492,209       9,191,613       4,306,185  
Global X S&P 500® Covered Call & Growth ETF     20,640,256       8,812,864       3,526,137  
Global X NASDAQ 100® Risk Managed Income ETF     2,178,367       2,569,338       1,242,636  
Global X S&P 500® Risk Managed Income ETF     9,503,853       2,856,906       1,306,994  
Global X Dow 30® Covered Call ETF     44,776,642       4,187,166       1,766,173  
Global X Russell 2000 Covered Call & Growth ETF     239,212       469,059       129,454  
Global X Information Technology Covered Call & Growth ETF     1,079,622       –       –  
Global X Dow 30® Covered Call & Growth ETF     1,972,219       –       –  
Global X MLP & Energy Infrastructure Covered Call ETF     21,862,715       3,688,964       337,703  

 

5. DERIVATIVE TRANSACTIONS

 

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

 

The following tables show the fair value of the derivative financial instruments and the location in the Statements of Assets and Liabilities categorized by underlying risk exposure as of April 30, 2026.

 

117

 

 

Notes to Financial Statements (Continued)

April 30, 2026 (Unaudited)

 

 

5. DERIVATIVE TRANSACTIONS (continued)

 

Asset Derivatives   Liability Derivatives
        Fair Value             Fair Value  
                             
Global X S&P 500® Covered Call ETF                  
Equity contracts   Investments, at value   $ –     Equity contracts   Options written, at value   $ 59,472,800  
Total Derivatives not accounted for as hedging instruments   $ –             $ 59,472,800  
                             
Global X NASDAQ 100® Covered Call ETF                  
Equity contracts   Investments, at value   $ –     Equity contracts   Options written, at value   $ 294,392,175  
Total Derivatives not accounted for as hedging instruments   $ –             $ 294,392,175  
                             
Global X Russell 2000 Covered Call ETF                  
Equity contracts   Investments, at value   $ –     Equity contracts   Options written, at value   $ 26,752,150  
Total Derivatives not accounted for as hedging instruments   $ –             $ 26,752,150  
                             
Global X Nasdaq 100® Covered Call & Growth ETF                  
Equity contracts   Investments, at value   $ –     Equity contracts   Options written, at value   $ 2,441,530  
Total Derivatives not accounted for as hedging instruments   $ –             $ 2,441,530  
                             
Global X S&P 500® Covered Call & Growth ETF                  
Equity contracts   Investments, at value   $ –     Equity contracts   Options written, at value   $ 612,000  
Total Derivatives not accounted for as hedging instruments   $ –             $ 612,000  
                             
Global X NASDAQ 100® Risk Managed Income ETF                  
Equity contracts   Investments, at value   $ 23,886 **   Equity contracts   Options written, at value   $ 573,990  
Total Derivatives not accounted for as hedging instruments   $ 23,886             $ 573,990  

 

118

 

 

Notes to Financial Statements (Continued)

April 30, 2026 (Unaudited)

 

 

5. DERIVATIVE TRANSACTIONS (continued)

 

    Asset Derivatives             Liability Derivatives      
        Fair Value             Fair Value  
                             
Global X S&P 500® Risk Managed Income ETF                  
Equity contracts   Investments, at value   $ 59,824 **   Equity contracts   Options written, at value   $ 934,950  
Total Derivatives not accounted for as hedging instruments   $ 59,824             $ 934,950  
                             
Global X Dow 30® Covered Call ETF                  
Equity contracts   Investments, at value   $ –     Equity contracts   Options written, at value   $ 1,456,475  
Total Derivatives not accounted for as hedging instruments   $ –             $ 1,456,475  
                             
Global X Russell 2000 Covered Call & Growth ETF                  
Equity contracts   Investments, at value   $ –     Equity contracts   Options written, at value   $ 80,032  
Total Derivatives not accounted for as hedging instruments   $ –             $ 80,032  
                             
Global X Information Technology Covered Call & Growth ETF                  
Equity contracts   Investments, at value   $ –     Equity contracts   Options written, at value   $ 349,638  
Total Derivatives not accounted for as hedging instruments   $ –             $ 349,638  
                             
Global X Dow 30® Covered Call & Growth ETF                  
Equity contracts   Investments, at value   $ –     Equity contracts   Options written, at value   $ 25,075  
Total Derivatives not accounted for as hedging instruments   $ –             $ 25,075  
                             
Global X MLP & Energy Infrastructure Covered Call ETF                  
Equity contracts   Investments, at value   $ –     Equity contracts   Options written, at value   $ 1,619,756  
Total Derivatives not accounted for as hedging instruments   $ –             $ 1,619,756  

 

** Includes purchased options and/or swaptions.

 

119

 

 

Notes to Financial Statements (Continued)

April 30, 2026 (Unaudited)

 

 

5. DERIVATIVE TRANSACTIONS (continued)

 

The effect of derivative instruments on the Statements of Operations for the period ended April 30, 2026:

 

Amount of realized gain (loss) on derivatives reported within the income section of the Statements of Operations:

 

    Purchased
Options		   Written
Options		   Futures Contracts
Global X S&P 500® Covered Call ETF                        
Equity contracts   $ —     $ (26,139,345 )   $ —  
                         
Global X NASDAQ 100® Covered Call ETF                        
Equity contracts   $ —     $ 122,400,323     $ —  
                         
Global X Russell 2000 Covered Call ETF                        
Equity contracts   $ —     $ (98,101,282 )   $ 452,913  
                         
Global X Nasdaq 100® Covered Call & Growth ETF                        
Equity contracts   $ —     $ 1,109,763     $ —  
                         
Global X S&P 500® Covered Call & Growth ETF                        
Equity contracts   $ —     $ (212,066 )   $ —  
                         
Global X NASDAQ 100® Risk Managed Income ETF                        
Equity contracts   $ (999,910 )   $ (46,092 )   $ —  
                         
Global X S&P 500® Risk Managed Income ETF                        
Equity contracts   $ (1,813,140 )   $ (685,380 )   $ —  
                         
Global X Dow 30® Covered Call ETF                        
Equity contracts   $ —     $ (4,994,308 )   $ —  
                         
Global X Russell 2000 Covered Call & Growth ETF                        
Equity contracts   $ (626,531 )   $ 313,266     $ —  
                         
Global X Information Technology Covered Call & Growth ETF                        
Equity contracts   $ —     $ 162,517     $ —  
                         
Global X Dow 30® Covered Call & Growth ETF                        
Equity contracts   $ —     $ (85,910 )   $ —  
                         
Global X MLP & Energy Infrastructure Covered Call ETF                        
Equity contracts   $ —     $ (2,284,489 )   $ —  

 

120

 

 

Notes to Financial Statements (Continued)

April 30, 2026 (Unaudited)

 

 

5. DERIVATIVE TRANSACTIONS (continued)

 

Change in unrealized appreciation (depreciation) on derivatives reported within the income section of the Statements of Operations:

 

    Purchased
Options		     Written
Options
Global X S&P 500® Covered Call ETF                
Equity contracts   $ —     $ 37,943,695  
                 
Global X NASDAQ 100® Covered Call ETF                
Equity contracts   $ —     $ 92,221,985  
                 
Global X Russell 2000 Covered Call ETF                
Equity contracts   $ —     $ 3,094,943  
                 
Global X Nasdaq 100® Covered Call & Growth ETF                
Equity contracts   $ —     $ 546,594  
                 
Global X S&P 500® Covered Call & Growth ETF                
Equity contracts   $ —     $ 326,823  
                 
Global X NASDAQ 100® Risk Managed Income ETF                
Equity contracts   $ 111,744     $ 216,679  
                 
Global X S&P 500® Risk Managed Income ETF                
Equity contracts   $ 205,402     $ 532,734  
                 
Global X Dow 30® Covered Call ETF                
Equity contracts   $ —     $ 2,912,078  
                 
Global X Russell 2000 Covered Call & Growth ETF                
Equity contracts   $ —     $ 8,610  
                 
Global X Information Technology Covered Call & Growth ETF                
Equity contracts   $ —     $ (30,389 )
                 
Global X Dow 30® Covered Call & Growth ETF                
Equity contracts   $ —     $ 45,555  
                 
Global X MLP & Energy Infrastructure Covered Call ETF                
Equity contracts   $ —     $ (1,216,567 )

 

121

 

 

Notes to Financial Statements (Continued)

April 30, 2026 (Unaudited)

 

 

5. DERIVATIVE TRANSACTIONS (continued)

 

The following table discloses the average monthly balances of the Funds’ options activity during the period ended April 30, 2026:

 

    Average Market
Value Contracts
Written		     Average Market
Value Contracts
Purchased		  
Global X S&P 500® Covered Call ETF   $ (63,850,441 )        $ -  
Global X NASDAQ 100® Covered Call ETF     (215,379,253 )     -  
Global X Russell 2000 Covered Call ETF     (36,313,747 )     -  
Global X Nasdaq 100® Covered Call & Growth ETF     (1,702,282 )     -  
Global X S&P 500® Covered Call & Growth ETF     (638,677 )     -  
Global X NASDAQ 100® Risk Managed Income ETF     (435,276 )     146,052  
Global X S&P 500® Risk Managed Income ETF     (926,050 )     266,230  
Global X Dow 30® Covered Call ETF     (2,433,313 )     -  
Global X Russell 2000 Covered Call & Growth ETF     (111,015 )     -  
Global X Information Technology Covered Call & Growth ETF     (176,221 )     -  
Global X Dow 30® Covered Call & Growth ETF     (41,360 )     -  
Global X MLP & Energy Infrastructure Covered Call ETF     (386,582 )     -  

 

6. TAX INFORMATION

 

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 differences have been reclassified on the Statements of Assets and Liabilities to/from Paid-in-Capital and Total Earnings (Accumulated Losses) accounts during the fiscal year ended October 31, 2025 are primarily attributable to redemption in kind, reclass of distributions, return of capital, equalization and adviser expense waivers.

 

122

 

 

Notes to Financial Statements (Continued)

April 30, 2026 (Unaudited)

 

 

6. TAX INFORMATION (continued)

 

The tax character of dividends and distributions declared during the years or periods ended October 31, 2025 and October 31, 2024 were as follows:

 

Global X Funds   Ordinary
Income		     Long-Term
Capital Gain		     Return of Capital     Totals  
Global X S&P 500® Covered Call ETF                        
2025   $ 336,957,257     $ 38,916,537     $ 9,611,596     $ 385,485,390  
2024     269,977,983       –       –       269,977,983  
Global X NASDAQ 100® Covered Call ETF                        
2025   $ 812,726,459     $ 123,553,342     $ 131,971,829     $ 1,068,251,630  
2024     949,453,576       –       –       949,453,576  
Global X Russell 2000 Covered Call ETF                        
2025   $ 14,289,808     $ –     $ 148,158,827     $ 162,448,635  
2024     12,155,274       –       157,500,393       169,655,667  
Global X Nasdaq 100® Covered Call & Growth ETF                        
2025   $ 23,859,758     $ 585,853     $ –     $ 24,445,611  
2024     6,726,354       –       –       6,726,354  
Global X S&P 500® Covered Call & Growth ETF                        
2025   $ 13,163,102     $ –     $ –     $ 13,163,102  
2024     2,972,756       –       –       2,972,756  
Global X NASDAQ 100® Risk Managed Income ETF                        
2025   $ 654,724     $ –     $ 1,539,180     $ 2,193,904  
2024     43,082       –       1,631,699       1,674,781  
Global X S&P 500® Risk Managed Income ETF                        
2025   $ 2,572,914     $ 181,911     $ 2,675,570     $ 5,430,395  
2024     594,200       –       3,431,396       4,025,596  
Global X Dow 30® Covered Call ETF                        
2025   $ 14,212,482     $ 305,975     $ –     $ 14,518,457  
2024     5,821,224       –       –       5,821,224  
Global X Russell 2000 Covered Call & Growth ETF                        
2025   $ 1,485,255     $ –     $ –     $ 1,485,255  
2024     588,288       –       –       588,288  
Global X Information Technology Covered Call & Growth ETF                      
2025   $ 695,323     $ –     $ 152,513     $ 847,836  
2024     698,442       –       40,076       738,518  
Global X Dow 30® Covered Call & Growth ETF                        
2025   $ 335,225     $ 4,360     $ –     $ 339,585  
2024     75,986       –       –       75,986  
Global X MLP & Energy Infrastructure Covered Call ETF                        
2025   $ 1,194,015     $ –     $ –     $ 1,194,015  
2024     114,089       –       4,801       118,890  

 

On February 21, 2025 Global X S&P 500 ESG Covered Call ETF and Global X NASDAQ 100 ESG Covered Call ETF closed and paid long term capital gain distributions of $11,907 and $39,586 respectively. The tax character of the distributions will be communicated on Form 1099DIV in 2026.

 

123

 

 

Notes to Financial Statements (Continued)

April 30, 2026 (Unaudited)

 

 

6. TAX INFORMATION (continued)

 

As of October 31, 2025, the components of tax basis distributable earnings (accumulated losses) were as follows:

 

    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
Undistributed Ordinary Income   $ –     $ –     $ –     $ 13,250,424  
Capital Loss Carryforwards     –       –       (48,556,117 )     –  
Unrealized Depreciation on Investments and Foreign Currency     –       –       (30 )     –  
Other Temporary Differences     5,379       7       6       1  
Total Distributable Earnings (Accumulated Losses)   $ 5,379     $ 7     $ (48,556,141 )   $ 13,250,425  
                                 
      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		  
Undistributed Ordinary Income   $ 4,598,659     $ –     $ –     $ 1,403,205  
Undistributed Long-Term Capital Gain     281,808       –       –       1,948,837  
Unrealized Depreciation on Investments and Foreign Currency     –       (1 )     –       –  
Other Temporary Differences     (22 )     4       1       (1 )
Total Distributable Earnings   $ 4,880,445     $ 3     $ 1     $ 3,352,041  
                                 
      Global X Russell
2000 Covered
Call & Growth
ETF		       Global X
Information
Technology
Covered Call &
Growth ETF		       Global X Dow
30® Covered
Call & Growth
ETF		       Global X MLP
& Energy
Infrastructure
Covered Call
ETF		  
Undistributed Ordinary Income   $ 241,509     $ –     $ 298,189     $ 320,495  
Capital Loss Carryforwards     –       –       –       –  
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency     –       1,533,869       –       (618,656 )
Other Temporary Differences     –       5       (1 )     1  
Total Distributable Earnings (Accumulated Losses)   $ 241,509     $ 1,533,874     $ 298,188     $ (298,160 )

 

For taxable years beginning after December 22, 2010, a Registered Investment Company within the meaning of the 1940 Act is permitted to carry forward net capital losses to offset capital gains realized in later years, and the losses carried forward retain their original character as either long-term or short-term losses.

 

124

 

 

Notes to Financial Statements (Continued)

April 30, 2026 (Unaudited)

 

 

6. TAX INFORMATION (continued)

 

The Federal tax cost basis of investments and aggregate gross unrealized appreciation and depreciation on investments held by the Funds at April 30, 2026 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   $1,875,448,098   $1,368,923,758   $(80,615,507)   $1,288,308,251
Global X NASDAQ 100® Covered Call ETF   4,512,266,281   4,276,919,411   (160,037,770)   4,116,881,641
Global X Russell 2000 Covered Call ETF   982,533,359   362,631,338   –   362,631,338
Global X Nasdaq 100® Covered Call & Growth ETF   89,472,951   57,273,018   (3,218,029)   54,054,989
Global X S&P 500® Covered Call & Growth ETF   49,600,428   17,228,982   (2,493,805)   14,735,177
Global X NASDAQ 100® Risk Managed Income ETF   10,226,427   7,079,347   (483,107)   6,596,240
Global X S&P 500® Risk Managed Income ETF   32,825,422   18,185,354   (1,238,207)   16,947,147
Global X Dow 30® Covered Call ETF   128,315,198   45,744,750   (3,788,248)   41,956,502
Global X Russell 2000 Covered Call & Growth ETF   5,904,229   2,121,941   –   2,121,941
Global X Information Technology Covered Call & Growth ETF   8,761,811   4,557,813   (308,731)   4,249,082
Global X Dow 30® Covered Call & Growth ETF   5,070,669   992,471   (159,721)   832,750
Global X MLP & Energy Infrastructure Covered Call ETF   26,266,363   4,168,270   –   4,168,270

 

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

 

125

 

 

Notes to Financial Statements (Continued)

April 30, 2026 (Unaudited)

 

 

7. CONCENTRATION OF RISKS (continued)

 

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. 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 or gains earned or repatriated. The Funds accrue and apply such taxes to net investment income, net realized gains and net unrealized gains as income and/or capital gains are earned.

 

The Adviser uses an indexing approach in seeking to achieve each Fund’s investment objective.

 

Except for the Global X S&P 500 Covered Call ETF, Global X Russell 2000 Covered Call ETF, the Global X Russell 2000 Covered Call & Growth ETF and the Global X Information Technology Covered Call & Growth 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 (also known as a secondary 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 its underlying index).

 

Certain Funds may invest in derivative instruments, such as options and futures, which expose the Funds to risks associated with investments in derivative instruments. Some derivatives are more sensitive to interest rate changes and market price fluctuations than other securities. Adverse price movements in a derivative instrument can result in a loss substantially greater than a Fund’s initial investment in that instrument. By writing (selling) call options in return for the receipt of premiums, a Fund will incur a loss when the value of a reference asset increases above the exercise price of such options, less any premiums received from the written calls. The premiums received from the options may not be sufficient to offset any losses sustained from the volatility of the underlying asset over time.

 

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.

 

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Notes to Financial Statements (Concluded)

April 30, 2026 (Unaudited)

 

 

7. CONCENTRATION OF RISKS (continued)

 

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

 

9. RECENT ACCOUNTING PRONOUNCEMENT

 

In this reporting period, the Funds adopted FASB issued Accounting Standards Update 2023-09 (“ASU 2023-09”), Income Taxes (Topic 740) Improvements to Income Tax Disclosures, which amends quantitative and qualitative income tax disclosure requirements in order to increase disclosure consistency, bifurcate income tax information by jurisdiction and remove information that is no longer beneficial.Adoption of the new standard impacted financial statement disclosures only and did not affect any Funds’ financial position or the results of its operations.

 

10. SUBSEQUENT EVENTS

 

The Funds have been evaluated by management regarding the need for additional disclosures and/or adjustments resulting from subsequent events. Based on this evaluation, no additional adjustments were required to the financial statements.

 

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OTHER INFORMATION (FORM N-CSRS ITEMS 8-11)

 

 

Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.

 

Not applicable.

 

Item 9. Proxy Disclosures for Open-End Management Investment Companies.

 

There were no matters submitted to a vote of shareholders during the period covered by this report.

 

Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.

 

(1) No remuneration was paid by the company during the period covered by the report to any Trustees on the company’s Board of Trustees for regular compensation.

 

(2) No remuneration was paid by the company during the period covered by the report to any Trustees on the company’s Board of Trustees for special compensation.

 

(3) No remuneration was paid by the company during the period covered by the report to any Officers of the company.

 

(4) No remuneration was paid by the company during the period covered by the report to any Officer or Trustee of the company who is an affiliated person.

 

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.

 

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 20, 2025 (the “November Board Meeting”), called for such purpose, the Board of Trustees (the “Board”) (including the Trust’s Independent Trustees, voting separately) considered and unanimously approved the continuation of (i) the Investment Advisory Agreement (“Renewal Investment Advisory Agreement”) for each Fund included in this Form N-CSR (each, a “Renewal Fund” and together, the “Renewal Funds”); and (ii) the Supervision and Administration Agreement (“Renewal Supervision and Administration Agreement”) between the Trust, on behalf of each Renewal Fund, and Global X Management Company LLC (“Global X Management”). The Renewal Investment Advisory Agreement and the Renewal Supervision and Administration Agreement are referred to herein as the “Renewal Agreements.”

 

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OTHER INFORMATION (FORM N-CSRS ITEMS 8-11) (Continued)

 

 

In advance of the November Board Meeting, 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 received and reviewed written responses from Global X Management, as well as supporting materials relating to those requests for information. In the course of their consideration of the Renewal 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.

 

RENEWAL AGREEMENTS

 

In determining to approve the continuation of the Renewal Agreements for each Renewal Fund, the Board considered a variety of factors, including the factors discussed in greater detail below.

 

Nature, Extent and Quality of Services

 

The Board considered 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. 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;

 

• Global X Management’s responsibilities under the Renewal Agreements, among other things, to: (i) manage the investment operations of the Renewal Funds and the composition of the Renewal Funds’ assets, including the purchase, retention and disposition of their holdings, (ii) provide quarterly reports to the Trust’s officers and the Board and other reports as the Board deems necessary or appropriate, (iii) vote proxies, exercise consents, and exercise all other rights relating to securities and assets held by the Renewal Funds, (iv) select broker-dealers to execute portfolio transactions for the Renewal Funds when necessary, (v) assist in the preparation and filing of reports and proxy statements (if any) to the shareholders of the Renewal Funds, and the periodic updating of the registration statement, prospectuses, statements of additional information, and other reports and documents for the Renewal Funds that are required to be filed by the Trust with the SEC and other regulatory and governmental bodies, and (vi) monitor anticipated purchases and redemptions of the shares (including Creation Units) of the Renewal Funds by shareholders and new investors;

 

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OTHER INFORMATION (FORM N-CSRS ITEMS 8-11) (Continued)

 

 

• each Renewal Fund’s investment strategies and, to the extent that a Renewal Fund invests in unique types of investments, Global X Management’s experience in investing in such instruments and the additional services required to implement such investments; and

 

• the quality of Global X Management’s resources and personnel that would continue to be made available to the Renewal Funds, including Global X Management’s experience and the professional qualifications of Global X Management’s key personnel.

 

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Renewal Funds by Global X Management.

 

Performance

 

The Board considered the performance of each Renewal Fund. They examined the performance of the Renewal Funds for the one-, three-, and five-year or since-inception periods, as applicable. Also, the Board considered the total return and investment 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 underperformance and overperformance with respect to the competitor funds. Specifically, the Board considered:

 

• the performance of each Renewal Fund in absolute terms and compared to its broad-based and additional performance benchmark or underlying index (as applicable) for the one-, three-, and five-year or since-inception periods;

 

• the tracking error of the Renewal Funds and the performance of each Renewal Fund compared against its underlying index. To the extent that a Renewal Fund experienced significant tracking error, the Board considered Global X Management’s explanation for such tracking error, including whether the Renewal Fund uses a replication strategy or a representative sampling strategy to seek investment results that correspond to the underlying index, the frequency with which the Renewal Fund’s underlying index is rebalanced, and whether the Renewal Fund participates in a securities lending program; and

 

• the impact of prevailing market conditions on the performance of each Renewal Fund in light of its investment objective.

 

The Board noted that each Renewal Fund’s performance was positive over the one-, three-, and five-year or since-inception periods, as applicable. 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

 

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OTHER INFORMATION (FORM N-CSRS ITEMS 8-11) (Continued)

 

 

The Board considered Global X Management’s cost to provide investment management, supervision and administrative and related services to the Renewal Funds. In this regard, the Board considered the management fee (“Management Fee”) that has been borne or is expected to be borne by the Renewal Funds under the Renewal Agreements for the various investment advisory, supervisory and administrative services that the Renewal Funds require under a unitary fee structure (including the types of fees and expenses that are not included within the unitary fee and would be borne by the Renewal Funds). The Board also considered that, for certain Renewal Funds that had invested in affiliated acquired funds, Global X Management bore the costs of such acquired fund fees and expenses.

 

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 profitability, as applicable, 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 each Renewal Fund’s shareholders.

 

Comparison of Fees and Services

 

The Board considered fees charged to the Renewal Funds for advisory 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 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 the competitive market of each Renewal Fund and 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 Fee for each Renewal Fund was set at a competitive level 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,

 

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OTHER INFORMATION (FORM N-CSRS ITEMS 8-11) (Continued)

 

 

administrative, audit, certain custody, portfolio accounting, legal, transfer agency and printing costs, but that each Renewal 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.

 

With respect to the following Renewal Funds, the Board noted that:

 

• the Global X S&P 500 Covered Call ETF, the Board noted that the Renewal Fund’s Management Fee was 11 basis points higher than the peer group average and 16 basis points higher than the peer group median and its total expenses were 10 basis points higher than the peer group average and 16 basis points higher than the peer group median, and that Global X Management believed the fees and expenses were within the range of the fees and expenses of the comparable funds; and

 

• the Global X Russell 2000 Covered Call ETF, the Board noted that the Renewal Fund’s Management Fee was 2 basis points higher than the peer group average and 8 basis points lower than the peer group median and its total expenses were 4 basis points lower than the peer group average and 8 basis points lower than the peer group median, and that Global X Management believed the fees and expenses were within the range of the fees and expenses of the comparable funds.

 

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

 

The Board considered the existence of any economies of scale and 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, including through the implementation of expense limitations. With respect to this factor, the Board also considered:

 

• 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 seeking to assure that the Renewal Funds are attractive to investors;

 

• with respect to the Global X Information Technology Covered Call & Growth ETF, that Global X Management had agreed to extend the expense limitation in place for the Renewal Fund; 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

 

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OTHER INFORMATION (FORM N-CSRS ITEMS 8-11) (Concluded)

 

 

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.

 

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.

 

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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-012-0300