Global X Funds

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Global X Millennial Consumer ETF

Ticker: MILN

Principal Listing Exchange: Nasdaq

Semi-Annual Shareholder Report: May 31, 2026

This semi-annual shareholder report contains important information about the Global X Millennial Consumer ETF (the "Fund") for the period from December 1, 2025 to May 31, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/miln. 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 Millennial Consumer ETF
$24
0.50%Footnote Reference*
Footnote Description
Footnote*
Annualized.

Key Fund Statistics as of May 31, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$97,426,911
82
$256,152
10.92%

What did the Fund invest in?

Asset/Country WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Short-Term Investment
0.3%
Singapore
3.4%
United States
96.6%
Footnote Description
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net AssetsFootnote Reference(A)
Apple
3.5%
Alphabet, Cl A
3.5%
Amazon.com
3.4%
Carvana, Cl A
3.3%
Sea ADR
3.1%
NIKE, Cl B
3.1%
Airbnb, Cl A
3.0%
DoorDash, Cl A
3.0%
Spotify Technology
3.0%
Starbucks
3.0%
Footnote Description
Footnote(A)
Short-Term Investments are not shown in the top ten holdings.

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/miln 

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GX-SA-MILN-2026

Global X Funds

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Global X Aging Population ETF

Ticker: AGNG

Principal Listing Exchange: Nasdaq

Semi-Annual Shareholder Report: May 31, 2026

This semi-annual shareholder report contains important information about the Global X Aging Population ETF (the "Fund") for the period from December 1, 2025 to May 31, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/agng. 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 Aging Population ETF
$24
0.50%Footnote Reference*
Footnote Description
Footnote*
Annualized.

Key Fund Statistics as of May 31, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$81,821,249
84
$201,969
9.18%

What did the Fund invest in?

Country WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Other Countries
1.2%
Italy
0.4%
France
0.7%
Germany
0.9%
Canada
1.0%
South Korea
2.1%
Belgium
3.4%
United Kingdom
3.7%
China
3.7%
Switzerland
5.8%
Denmark
5.9%
Japan
6.5%
United States
64.4%
Footnote Description
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net Assets
Novo Nordisk, Cl B
3.8%
Eli Lilly
3.6%
Edwards Lifesciences
3.4%
Roche Holding
3.2%
AbbVie
3.2%
Welltower
3.1%
Ventas
3.0%
Merck
3.0%
Bristol-Myers Squibb
3.0%
Amgen
2.9%

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/agng 

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GX-SA-AGNG-2026

Global X Funds

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Global X FinTech ETF

Ticker: FINX

Principal Listing Exchange: Nasdaq

Semi-Annual Shareholder Report: May 31, 2026

This semi-annual shareholder report contains important information about the Global X FinTech ETF (the "Fund") for the period from December 1, 2025 to May 31, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/finx/. 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 FinTech ETF
$32
0.69%Footnote Reference*
Footnote Description
Footnote*
Annualized.

Key Fund Statistics as of May 31, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$195,595,535
81
$732,227
16.32%

What did the Fund invest in?

Asset/Country WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Repurchase Agreements
2.6%
Other Countries
1.4%
Israel
0.8%
Brazil
0.8%
South Korea
0.8%
Italy
0.9%
Switzerland
1.1%
Cayman Islands
1.4%
Australia
1.4%
New Zealand
1.6%
United Kingdom
3.5%
Netherlands
4.5%
United States
81.7%
Footnote Description
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net AssetsFootnote Reference(A)
Robinhood Markets, Cl A
6.8%
Block, Cl A
6.6%
PayPal Holdings
5.5%
Coinbase Global, Cl A
5.4%
Fiserv
5.2%
Adyen
4.5%
Circle Internet Group, Cl A
4.3%
Intuit
4.2%
SoFi Technologies
4.1%
Affirm Holdings, Cl A
3.8%
Footnote Description
Footnote(A)
Repurchase Agreements are not shown in the top ten holdings.

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/finx/ 

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GX-SA-FINX-2026

Global X Funds

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Global X Internet of Things ETF

Ticker: SNSR

Principal Listing Exchange: Nasdaq

Semi-Annual Shareholder Report: May 31, 2026

This semi-annual shareholder report contains important information about the Global X Internet of Things ETF (the "Fund") for the period from December 1, 2025 to May 31, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/snsr/. 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 Internet of Things ETF
$41
0.68%Footnote Reference*
Footnote Description
Footnote*
Annualized.

Key Fund Statistics as of May 31, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$251,405,981
76
$703,647
7.88%

What did the Fund invest in?

Asset/Country WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Repurchase Agreements
0.8%
Other Countries
2.1%
France
1.0%
Sweden
1.3%
Norway
1.4%
Austria
1.4%
Netherlands
1.7%
Japan
1.9%
China
2.1%
Switzerland
2.5%
Singapore
9.4%
Taiwan
11.0%
United States
64.1%
Footnote Description
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net AssetsFootnote Reference(A)
STMicroelectronics
9.4%
Lattice Semiconductor
6.2%
Rambus
4.9%
Dexcom
4.7%
Garmin
4.4%
Advantech
4.2%
Samsara, Cl A
3.9%
MediaTek
3.7%
Skyworks Solutions
3.6%
QUALCOMM
2.8%
Footnote Description
Footnote(A)
Repurchase Agreements are not shown in the top ten holdings.

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/snsr/ 

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GX-SA-SNSR-2026

Global X Funds

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Global X Robotics & Artificial Intelligence ETF

Ticker: BOTZ

Principal Listing Exchange: Nasdaq

Semi-Annual Shareholder Report: May 31, 2026

This semi-annual shareholder report contains important information about the Global X Robotics & Artificial Intelligence ETF (the "Fund") for the period from December 1, 2025 to May 31, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/botz/. 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 Robotics & Artificial Intelligence ETF
$36
0.68%Footnote Reference*
Footnote Description
Footnote*
Annualized.

Key Fund Statistics as of May 31, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$3,743,088,300
69
$11,308,650
29.35%

What did the Fund invest in?

Asset/Country WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Futures Contracts
0.1%
Repurchase Agreements
2.7%
France
0.3%
Canada
0.6%
Finland
0.7%
Norway
1.0%
United Kingdom
1.1%
South Korea
3.7%
Switzerland
9.5%
China
21.8%
Japan
30.0%
United States
30.9%
Footnote Description
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net AssetsFootnote Reference(A)
Keyence
9.3%
ABB
9.0%
FANUC
9.0%
NVIDIA
8.3%
Intuitive Surgical
6.1%
Shenzhen Inovance Technology, Cl A
4.3%
SMC
4.0%
Daifuku
3.5%
RoboTechnik Intelligent Technology, Cl A
2.7%
Yaskawa Electric
2.5%
Footnote Description
Footnote(A)
Repurchase Agreements are not shown in the top ten holdings.

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/botz/ 

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GX-SA-BOTZ-2026

Global X Funds

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Global X U.S. Infrastructure Development ETF

Ticker: PAVE

Principal Listing Exchange: Cboe BZX Exchange, Inc.

Semi-Annual Shareholder Report: May 31, 2026

This semi-annual shareholder report contains important information about the Global X U.S. Infrastructure Development ETF (the "Fund") for the period from December 1, 2025 to May 31, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/pave. 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 U.S. Infrastructure Development ETF
$25
0.47%Footnote Reference*
Footnote Description
Footnote*
Annualized.

Key Fund Statistics as of May 31, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$13,540,058,544
101
$27,444,506
5.15%

What did the Fund invest in?

Asset/Sector WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Short-Term Investment
0.1%
Consumer Discretionary
0.7%
Information Technology
1.1%
Utilities
3.1%
Materials
20.5%
Industrials
74.5%
Footnote Description
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net AssetsFootnote Reference(A)
Quanta Services
4.2%
CSX
3.5%
Eaton PLC
3.3%
Howmet Aerospace
3.3%
Trane Technologies PLC
3.2%
Union Pacific
3.1%
Nucor
3.1%
Rockwell Automation
2.9%
Norfolk Southern
2.9%
United Rentals
2.9%
Footnote Description
Footnote(A)
Short-Term Investments are not shown in the top ten holdings.

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/pave 

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GX-SA-PAVE-2026

Global X Funds

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Global X Autonomous & Electric Vehicles ETF

Ticker: DRIV

Principal Listing Exchange: Nasdaq

Semi-Annual Shareholder Report: May 31, 2026

This semi-annual shareholder report contains important information about the Global X Autonomous & Electric Vehicles ETF (the "Fund") for the period from December 1, 2025 to May 31, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/driv. 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 Autonomous & Electric Vehicles ETF
$41
0.68%Footnote Reference*
Footnote Description
Footnote*
Annualized.

Key Fund Statistics as of May 31, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$477,035,082
82
$1,242,033
12.46%

What did the Fund invest in?

Asset/Country WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Repurchase Agreements
1.8%
Other Countries
1.7%
France
2.0%
Singapore
2.2%
Canada
2.6%
Germany
3.1%
Taiwan
3.3%
Netherlands
3.7%
Australia
4.9%
South Korea
5.3%
China
9.4%
Japan
11.3%
United States
50.2%
Footnote Description
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net AssetsFootnote Reference(A)
Intel
5.0%
QUALCOMM
2.9%
NVIDIA
2.7%
Alphabet, Cl A
2.6%
WNC
2.5%
Infineon Technologies
2.3%
Tesla
2.3%
Microsoft
2.2%
STMicroelectronics
2.2%
Nebius Group, Cl A
2.1%
Footnote Description
Footnote(A)
Repurchase Agreements are not shown in the top ten holdings.

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/driv 

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GX-SA-DRIV-2026

Global X Funds

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Global X Artificial Intelligence & Technology ETF

Ticker: AIQ

Principal Listing Exchange: Nasdaq

Semi-Annual Shareholder Report: May 31, 2026

This semi-annual shareholder report contains important information about the Global X Artificial Intelligence & Technology ETF (the "Fund") for the period from December 1, 2025 to May 31, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/aiq/. 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 Artificial Intelligence & Technology ETF
$40
0.68%Footnote Reference*
Footnote Description
Footnote*
Annualized.

Key Fund Statistics as of May 31, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$10,862,855,259
91
$27,102,922
9.95%

What did the Fund invest in?

Asset/Country WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Repurchase Agreements
0.6%
Other Countries
0.3%
Switzerland
0.2%
Sweden
0.3%
Netherlands
0.8%
Finland
0.9%
Japan
1.5%
Canada
1.7%
China
4.1%
Germany
4.2%
Taiwan
4.8%
South Korea
11.9%
United States
69.1%
Footnote Description
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net AssetsFootnote Reference(A)
SK hynix
7.1%
Micron Technology
5.8%
Advanced Micro Devices
4.8%
Samsung Electronics
4.8%
Intel
4.2%
Cisco Systems
3.8%
Broadcom
3.2%
Taiwan Semiconductor Manufacturing ADR
3.0%
Oracle
3.0%
Apple
3.0%
Footnote Description
Footnote(A)
Repurchase Agreements are not shown in the top ten holdings.

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/aiq/ 

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GX-SA-AIQ-2026

Global X Funds

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Global X Genomics & Biotechnology ETF

Ticker: GNOM

Principal Listing Exchange: Nasdaq

Semi-Annual Shareholder Report: May 31, 2026

This semi-annual shareholder report contains important information about the Global X Genomics & Biotechnology ETF (the "Fund") for the period from December 1, 2025 to May 31, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/gnom/. 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 Genomics & Biotechnology ETF
$26
0.50%Footnote Reference*
Footnote Description
Footnote*
Annualized.

Key Fund Statistics as of May 31, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$59,262,437
57
$129,572
16.51%

What did the Fund invest in?

Asset/Country WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Repurchase Agreements
2.9%
Australia
0.4%
Netherlands
1.6%
United Kingdom
1.8%
China
1.9%
Germany
3.4%
Switzerland
3.9%
United States
86.8%
Footnote Description
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net AssetsFootnote Reference(A)
Guardant Health
5.6%
Illumina
4.8%
Natera
4.2%
BioMarin Pharmaceutical
4.1%
Arrowhead Pharmaceuticals
4.1%
Legend Biotech ADR
4.0%
Praxis Precision Medicines
4.0%
Twist Bioscience
4.0%
Vertex Pharmaceuticals
3.9%
CRISPR Therapeutics
3.9%
Footnote Description
Footnote(A)
Repurchase Agreements are not shown in the top ten holdings.

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/gnom/ 

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GX-SA-GNOM-2026

Global X Funds

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Global X Cloud Computing ETF

Ticker: CLOU

Principal Listing Exchange: Nasdaq

Semi-Annual Shareholder Report: May 31, 2026

This semi-annual shareholder report contains important information about the Global X Cloud Computing ETF (the "Fund") for the period from December 1, 2025 to May 31, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/clou/. 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 Cloud Computing ETF
$35
0.68%Footnote Reference*
Footnote Description
Footnote*
Annualized.

Key Fund Statistics as of May 31, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$268,750,604
39
$793,739
21.18%

What did the Fund invest in?

Asset/Country WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Short-Term Investment
0.2%
Japan
0.3%
Israel
2.2%
China
2.5%
Canada
3.3%
United States
91.6%
Footnote Description
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net AssetsFootnote Reference(A)
Snowflake, Cl A
6.3%
Datadog, Cl A
6.3%
DigitalOcean Holdings
5.5%
Akamai Technologies
4.9%
ServiceNow
4.8%
Twilio, Cl A
4.4%
Workday, Cl A
4.0%
Cloudflare, Cl A
4.0%
Paycom Software
3.7%
Salesforce
3.7%
Footnote Description
Footnote(A)
Short-Term Investments are not shown in the top ten holdings.

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/clou/ 

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GX-SA-CLOU-2026

Global X Funds

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Global X Cybersecurity ETF

Ticker: BUG

Principal Listing Exchange: Nasdaq

Semi-Annual Shareholder Report: May 31, 2026

This semi-annual shareholder report contains important information about the Global X Cybersecurity ETF (the "Fund") for the period from December 1, 2025 to May 31, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/bug/. 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 Cybersecurity ETF
$27
0.51%Footnote Reference*
Footnote Description
Footnote*
Annualized.

Key Fund Statistics as of May 31, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$1,174,412,219
38
$2,285,704
21.20%

What did the Fund invest in?

Asset/Country WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Futures Contracts
0.0%Footnote Reference**
Repurchase Agreements
1.2%
South Korea
0.7%
Taiwan
0.9%
United Kingdom
1.1%
Japan
5.1%
Israel
6.1%
United States
86.0%
Footnote Description
Footnote*
Percentages are calculated based on total net assets.
Footnote**
Amount is less than 0.05%.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net AssetsFootnote Reference(A)
Okta, Cl A
7.5%
Crowdstrike Holdings, Cl A
7.3%
Fortinet
7.3%
Palo Alto Networks
7.0%
Akamai Technologies
6.5%
SailPoint
5.5%
Rubrik, Cl A
4.9%
Zscaler
4.8%
Tenable Holdings
4.5%
Gen Digital
4.5%
Footnote Description
Footnote(A)
Repurchase Agreements are not shown in the top ten holdings.

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/bug/ 

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GX-SA-BUG-2026

Global X Funds

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Global X Dorsey Wright Thematic ETF

Ticker: GXDW

Principal Listing Exchange: Nasdaq

Semi-Annual Shareholder Report: May 31, 2026

This semi-annual shareholder report contains important information about the Global X Dorsey Wright Thematic ETF (the "Fund") for the period from December 1, 2025 to May 31, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/gxdw/. 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 Dorsey Wright Thematic ETF
$28
0.50%Footnote Reference*
Footnote Description
Footnote*
Annualized.

Key Fund Statistics as of May 31, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$8,514,071
12
$19,640
124.20%

What did the Fund invest in?

Asset WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Exchange-Traded Funds
100.1%
Repurchase Agreements
20.6%
Footnote Description
Footnote*
Percentages are calculated based on total net assets.

Top Holdings

Table Summary
Holding Name
Percentage of Total Net AssetsFootnote Reference(A)
Global X Blockchain ETFFootnote Reference**
21.7%
Global X Artificial Intelligence & Technology ETFFootnote Reference**
21.0%
Global X Hydrogen ETFFootnote Reference**
21.0%
Global X Data Center & Digital Infrastructure ETFFootnote Reference**
19.1%
Global X Lithium & Battery Tech ETFFootnote Reference**
17.3%
Footnote Description
Footnote**
Affiliated Investment.
Footnote(A)
Repurchase Agreements are not shown in the top ten holdings.

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/gxdw/ 

Image

GX-SA-GXDW-2026

Global X Funds

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Global X Video Games & Esports ETF

Ticker: HERO

Principal Listing Exchange: Nasdaq

Semi-Annual Shareholder Report: May 31, 2026

This semi-annual shareholder report contains important information about the Global X Video Games & Esports ETF (the "Fund") for the period from December 1, 2025 to May 31, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/hero/. 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 Video Games & Esports ETF
$23
0.50%Footnote Reference*
Footnote Description
Footnote*
Annualized.

Key Fund Statistics as of May 31, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$64,565,526
49
$223,747
14.88%

What did the Fund invest in?

Asset/Country WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Repurchase Agreements
7.7%
Singapore
0.4%
Sweden
2.6%
France
3.1%
Poland
4.6%
Taiwan
5.5%
South Korea
12.8%
China
17.9%
United States
25.2%
Japan
27.5%
Footnote Description
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net AssetsFootnote Reference(A)
Electronic Arts
7.2%
Take-Two Interactive Software
6.8%
NetEase ADR
6.5%
Krafton
5.7%
International Games System
5.5%
Unity Software
5.4%
Nintendo
4.9%
Konami Group
4.8%
Square Enix Holdings
4.7%
CD Projekt
4.6%
Footnote Description
Footnote(A)
Repurchase Agreements are not shown in the top ten holdings.

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/hero/ 

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GX-SA-HERO-2026

Global X Funds

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Global X HealthTech ETF

Ticker: HEAL

Principal Listing Exchange: Nasdaq

Semi-Annual Shareholder Report: May 31, 2026

This semi-annual shareholder report contains important information about the Global X HealthTech ETF (the "Fund") for the period from December 1, 2025 to May 31, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/heal/. 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 HealthTech ETF
$22
0.50%Footnote Reference*
Footnote Description
Footnote*
Annualized.

Key Fund Statistics as of May 31, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$25,041,461
41
$83,571
9.49%

What did the Fund invest in?

Asset/Country WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Short-Term Investment
4.5%
South Korea
0.6%
Sweden
0.8%
China
2.7%
Denmark
3.1%
Netherlands
4.1%
Australia
5.6%
United States
82.9%
Footnote Description
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net AssetsFootnote Reference(A)
Dexcom
4.9%
IQVIA Holdings
4.7%
Oscar Health, Cl A
4.6%
GE HealthCare Technologies
4.2%
Veeva Systems, Cl A
4.1%
Koninklijke Philips
4.1%
Masimo
4.1%
Pro Medicus
3.9%
Hims & Hers Health
3.9%
ResMed
3.8%
Footnote Description
Footnote(A)
Short-Term Investments are not shown in the top ten holdings.

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/heal/ 

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GX-SA-HEAL-2026

Global X Funds

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Global X ClimateTech ETF

Ticker: CTEC

Principal Listing Exchange: Nasdaq

Semi-Annual Shareholder Report: May 31, 2026

This semi-annual shareholder report contains important information about the Global X ClimateTech ETF (the "Fund") for the period from December 1, 2025 to May 31, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/ctec/. 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 ClimateTech ETF
$30
0.50%Footnote Reference*
Footnote Description
Footnote*
Annualized.

Key Fund Statistics as of May 31, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$33,813,196
47
$70,320
14.32%

What did the Fund invest in?

Asset/Country WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Repurchase Agreements
8.5%
Switzerland
1.2%
Canada
2.1%
Sweden
3.6%
United Kingdom
4.7%
Germany
5.0%
Denmark
5.2%
Taiwan
5.4%
South Korea
11.2%
China
14.4%
United States
47.1%
Footnote Description
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net AssetsFootnote Reference(A)
Bloom Energy, Cl A
8.3%
Samsung SDI
7.7%
First Solar
7.0%
Nextpower, Cl A
6.1%
Contemporary Amperex Technology, Cl H
5.5%
Enphase Energy
5.5%
Vestas Wind Systems
5.2%
Plug Power
3.7%
Nibe Industrier, Cl B
3.6%
QuantumScape, Cl A
3.4%
Footnote Description
Footnote(A)
Repurchase Agreements are not shown in the top ten holdings.

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/ctec/ 

Image

GX-SA-CTEC-2026

Global X Funds

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Global X Data Center & Digital Infrastructure ETF

Ticker: DTCR

Principal Listing Exchange: Nasdaq

Semi-Annual Shareholder Report: May 31, 2026

This semi-annual shareholder report contains important information about the Global X Data Center & Digital Infrastructure ETF (the "Fund") for the period from December 1, 2025 to May 31, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/dtcr/. 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 Data Center & Digital Infrastructure ETF
$31
0.50%Footnote Reference*
Footnote Description
Footnote*
Annualized.

Key Fund Statistics as of May 31, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$2,154,213,984
32
$3,023,782
17.06%

What did the Fund invest in?

Asset/Country WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Repurchase Agreements
2.5%
Hong Kong
0.6%
Taiwan
2.1%
Singapore
3.5%
South Korea
4.7%
Australia
6.2%
China
7.7%
United States
75.0%
Footnote Description
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net AssetsFootnote Reference(A)
Equinix
12.2%
Digital Realty Trust
10.9%
American Tower
9.6%
Crown Castle
7.1%
NEXTDC
5.3%
SK hynix
4.7%
Applied Digital
4.5%
Micron Technology
4.4%
Marvell Technology
3.8%
SBA Communications, Cl A
3.6%
Footnote Description
Footnote(A)
Repurchase Agreements are not shown in the top ten holdings.

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/dtcr/ 

Image

GX-SA-DTCR-2026

Global X Funds

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Global X Clean Water ETF

Ticker: AQWA

Principal Listing Exchange: Nasdaq

Semi-Annual Shareholder Report: May 31, 2026

This semi-annual shareholder report contains important information about the Global X Clean Water ETF (the "Fund") for the period from December 1, 2025 to May 31, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/aqwa. 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 Clean Water ETF
$25
0.50%Footnote Reference*
Footnote Description
Footnote*
Annualized.

Key Fund Statistics as of May 31, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$22,851,395
40
$64,101
17.32%

What did the Fund invest in?

Asset/Country WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Saudi Arabia
0.7%
Brazil
1.2%
Singapore
1.2%
South Korea
1.9%
Japan
5.3%
China
6.7%
United Kingdom
11.0%
United States
72.0%
Footnote Description
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net Assets
American Water Works
8.2%
Ferguson Enterprises
7.7%
Xylem
7.6%
United Utilities Group PLC
6.5%
Pentair PLC
6.2%
Watts Water Technologies, Cl A
4.6%
Essential Utilities
4.6%
Severn Trent PLC
4.5%
Core & Main, Cl A
4.2%
Zurn Elkay Water Solutions
4.2%

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/aqwa 

Image

GX-SA-AQWA-2026

Global X Funds

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Global X AgTech & Food Innovation ETF

Ticker: KROP

Principal Listing Exchange: Nasdaq

Semi-Annual Shareholder Report: May 31, 2026

This semi-annual shareholder report contains important information about the Global X AgTech & Food Innovation ETF (the "Fund") for the period from December 1, 2025 to May 31, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/krop/. 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 AgTech & Food Innovation ETF
$27
0.50%Footnote Reference*
Footnote Description
Footnote*
Annualized.

Key Fund Statistics as of May 31, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$9,169,687
35
$18,536
18.73%

What did the Fund invest in?

Asset/Country WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Repurchase Agreements
8.3%
Other Countries
0.7%
Indonesia
0.3%
Malaysia
0.3%
Philippines
0.3%
Saudi Arabia
0.4%
Mexico
1.4%
Australia
3.1%
Germany
4.0%
China
11.5%
Japan
11.8%
Canada
12.4%
United States
53.8%
Footnote Description
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net AssetsFootnote Reference(A)
Kubota
11.8%
Deere
11.8%
Nutrien
11.7%
Corteva
11.7%
AGCO
4.5%
Lindsay
4.5%
CNH Industrial
4.5%
FMC
4.4%
Yuan Longping High-tech Agriculture, Cl A
4.3%
Hebei Yangyuan Zhihui Beverage, Cl A
4.2%
Footnote Description
Footnote(A)
Repurchase Agreements are not shown in the top ten holdings.

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/krop/ 

Image

GX-SA-KROP-2026

Global X Funds

Image

Global X Blockchain ETF

Ticker: BKCH

Principal Listing Exchange: Nasdaq

Semi-Annual Shareholder Report: May 31, 2026

This semi-annual shareholder report contains important information about the Global X Blockchain ETF (the "Fund") for the period from December 1, 2025 to May 31, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/bkch/. 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 Blockchain ETF
$27
0.50%Footnote Reference*
Footnote Description
Footnote*
Annualized.

Key Fund Statistics as of May 31, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$389,687,184
42
$754,267
25.95%

What did the Fund invest in?

Asset/Country WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Repurchase Agreements
4.6%
Hong Kong
0.2%
Germany
0.6%
Canada
1.6%
China
1.8%
Cayman Islands
1.8%
Israel
2.3%
Australia
12.6%
United States
79.0%
Footnote Description
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net AssetsFootnote Reference(A)
IREN
12.6%
Circle Internet Group, Cl A
11.3%
Coinbase Global, Cl A
9.5%
BitMine Immersion Technologies
6.3%
Hut 8
5.9%
Riot Platforms
5.2%
Cleanspark
5.2%
Applied Digital
4.9%
Cipher Digital
4.7%
Core Scientific
4.6%
Footnote Description
Footnote(A)
Repurchase Agreements are not shown in the top ten holdings.

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/bkch/ 

Image

GX-SA-BKCH-2026

Global X Funds

Image

Global X Hydrogen ETF

Ticker: HYDR

Principal Listing Exchange: Nasdaq

Semi-Annual Shareholder Report: May 31, 2026

This semi-annual shareholder report contains important information about the Global X Hydrogen ETF (the "Fund") for the period from December 1, 2025 to May 31, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/hydr/. 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 Hydrogen ETF
$37
0.50%Footnote Reference*
Footnote Description
Footnote*
Annualized.

Key Fund Statistics as of May 31, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$167,863,835
32
$188,871
38.97%

What did the Fund invest in?

Asset/Country WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Repurchase Agreements
3.7%
Singapore
0.6%
Japan
1.9%
Sweden
3.1%
China
3.8%
Germany
4.8%
Norway
5.1%
Canada
6.0%
South Korea
19.6%
United Kingdom
20.2%
United States
32.1%
Footnote Description
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net AssetsFootnote Reference(A)
Doosan Fuel Cell
12.2%
Plug Power
11.8%
Bloom Energy, Cl A
11.7%
Ceres Power Holdings PLC
9.9%
Ballard Power Systems
6.0%
ITM Power PLC
5.2%
NEL
5.1%
SFC Energy
4.8%
FuelCell Energy
4.3%
Vina Tech
4.1%
Footnote Description
Footnote(A)
Repurchase Agreements are not shown in the top ten holdings.

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/hydr/ 

Image

GX-SA-HYDR-2026

Global X Funds

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Global X Defense Tech ETF

Ticker: SHLD

Principal Listing Exchange: NYSE Arca, Inc.

Semi-Annual Shareholder Report: May 31, 2026

This semi-annual shareholder report contains important information about the Global X Defense Tech ETF (the "Fund") for the period from December 1, 2025 to May 31, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/shld/. 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 Defense Tech ETF
$26
0.50%Footnote Reference*
Footnote Description
Footnote*
Annualized.

Key Fund Statistics as of May 31, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$8,097,428,298
58
$17,853,076
12.54%

What did the Fund invest in?

Asset/Country WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Repurchase Agreements
1.2%
Other Countries
0.9%
Turkey
0.6%
Australia
0.7%
Norway
2.1%
Sweden
3.3%
Italy
3.6%
Israel
3.7%
France
4.7%
Germany
5.9%
United Kingdom
6.0%
South Korea
6.3%
United States
62.6%
Footnote Description
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net AssetsFootnote Reference(A)
Palantir Technologies, Cl A
8.8%
RTX
7.8%
Northrop Grumman
7.8%
General Dynamics
7.8%
Lockheed Martin
7.7%
Rheinmetall
4.6%
BAE Systems PLC
4.4%
L3Harris Technologies
4.4%
Leonardo
3.6%
Hanwha Aerospace
3.6%
Footnote Description
Footnote(A)
Repurchase Agreements are not shown in the top ten holdings.

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/shld/ 

Image

GX-SA-SHLD-2026

Global X Funds

Image

Global X Infrastructure Development ex-U.S. ETF

Ticker: IPAV

Principal Listing Exchange: Cboe BZX Exchange, Inc.

Semi-Annual Shareholder Report: May 31, 2026

This semi-annual shareholder report contains important information about the Global X Infrastructure Development ex-U.S. ETF (the "Fund") for the period from December 1, 2025 to May 31, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/ipav. 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 Infrastructure Development ex-U.S. ETF
$30
0.55%Footnote Reference*
Footnote Description
Footnote*
Annualized.

Key Fund Statistics as of May 31, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$5,438,944
100
$13,808
22.63%

What did the Fund invest in?

Country WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
Other Countries
16.5%
Mexico
3.1%
Luxembourg
3.1%
Germany
3.2%
China
3.3%
Spain
3.5%
Italy
4.5%
France
6.3%
United States
7.5%
Canada
7.6%
South Korea
8.8%
Japan
12.7%
India
19.5%
Footnote Description
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net Assets
Shin-Etsu Chemical
3.3%
Heidelberg Materials
3.2%
Holcim
3.1%
ArcelorMittal
3.1%
Larsen & Toubro
3.1%
Canadian National Railway
3.1%
Canadian Pacific Kansas City
3.0%
Vinci
3.0%
Ferrovial
3.0%
Prysmian
2.9%

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/ipav 

Image

GX-SA-IPAV-2026

Global X Funds

Image

Global X AI Semiconductor & Quantum ETF

Ticker: CHPX

Principal Listing Exchange: Nasdaq

Semi-Annual Shareholder Report: May 31, 2026

This semi-annual shareholder report contains important information about the Global X AI Semiconductor & Quantum ETF (the "Fund") for the period from December 1, 2025 to May 31, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/chpx. 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 AI Semiconductor & Quantum ETF
$36
0.50%Footnote Reference*
Footnote Description
Footnote*
Annualized.

Key Fund Statistics as of May 31, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$227,244,865
38
$109,370
35.21%

What did the Fund invest in?

Country WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
France
0.0%Footnote Reference**
Canada
0.3%
South Korea
5.1%
Netherlands
5.1%
Taiwan
15.9%
United States
73.9%
Footnote Description
Footnote*
Percentages are calculated based on total net assets.
Footnote**
Amount is less than 0.05%.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net Assets
Micron Technology
12.1%
Broadcom
10.1%
Taiwan Semiconductor Manufacturing ADR
9.7%
NVIDIA
9.2%
SK hynix
5.1%
ARM Holdings PLC ADR
4.9%
Advanced Micro Devices
4.7%
QUALCOMM
4.4%
Cisco Systems
4.2%
MediaTek
4.2%

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/chpx 

Image

GX-SA-CHPX-2026

Global X Funds

Image

Global X Space Tech ETF

Ticker: ORBX

Principal Listing Exchange: Nasdaq

Semi-Annual Shareholder Report: May 31, 2026

This semi-annual shareholder report contains important information about the Global X Space Tech ETF (the "Fund") for the period from April 14, 2026 (commencement of operations) to May 31, 2026. You can find additional information about the Fund at https://www.globalxetfs.com/funds/orbx. You can also request this information by contacting us at 1-888-493-8631. 

What were the Fund costs for the period?

(based on a hypothetical $10,000 investment) 

Table Summary
Fund Name
Costs of a $10,000 investmentFootnote Reference*
Costs paid as a percentage of a $10,000 investment
Global X Space Tech ETF
$8
0.50%Footnote Reference
Footnote Description
Footnote*
Costs shown not annualized. If the Fund had been open for the full semi-annual period, costs would have been higher.
Footnote
Annualized.

Key Fund Statistics as of May 31, 2026

Table Summary
Total Net Assets
Number of Portfolio Holdings
Total Advisory Fees Paid
Portfolio Turnover Rate
$67,590,132
38
$11,724
15.31%

What did the Fund invest in?

Country WeightingsFootnote Reference*

Group By Sector Chart
Table Summary
Value
Value
U.S. Treasury Obligations
22.1%
Other Countries
0.2%
Singapore
0.5%
Poland
0.6%
Sweden
0.7%
United Kingdom
1.2%
Israel
1.4%
South Korea
1.8%
Italy
2.3%
Luxembourg
4.4%
Canada
4.6%
Japan
4.8%
United States
77.6%
Footnote Description
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net Assets
U.S. Treasury Bills, 3.64%, 06/30/2026
22.1%
Rocket Lab
19.5%
Planet Labs PBC
10.6%
AST SpaceMobile, Cl A
9.9%
Redwire
5.7%
Intuitive Machines, Cl A
4.7%
Viasat
4.5%
SES, Cl A
4.4%
Iridium Communications
4.4%
MDA Space
4.3%

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/orbx 

Image

GX-SA-ORBX-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 Millennial Consumer ETF (ticker: MILN)

Global X Aging Population ETF (ticker: AGNG)

Global X FinTech ETF (ticker: FINX)

Global X Internet of Things ETF (ticker: SNSR)

Global X Robotics & Artificial Intelligence ETF (ticker: BOTZ)

Global X U.S. Infrastructure Development ETF (ticker: PAVE)

Global X Autonomous & Electric Vehicles ETF (ticker: DRIV)

Global X Artificial Intelligence & Technology ETF (ticker: AIQ)

Global X Genomics & Biotechnology ETF (ticker: GNOM)

Global X Cloud Computing ETF (ticker: CLOU)

Global X Cybersecurity ETF (ticker: BUG)

Global X Dorsey Wright Thematic ETF (ticker: GXDW)

Global X Video Games & Esports ETF (ticker: HERO)

Global X HealthTech ETF (ticker: HEAL)

Global X ClimateTech ETF (formerly, Global X Clean Tech ETF) (ticker: CTEC)

Global X Data Center & Digital Infrastructure ETF (ticker: DTCR)

Global X Clean Water ETF (ticker: AQWA)

Global X AgTech & Food Innovation ETF (ticker: KROP)

Global X Blockchain ETF (ticker: BKCH)

Global X Hydrogen ETF (ticker: HYDR)

Global X Defense Tech ETF (ticker: SHLD)

Global X Infrastructure Development ex-U.S. ETF (ticker: IPAV)

Global X AI Semiconductor & Quantum ETF (ticker: CHPX)

Global X Space Tech ETF (ticker: ORBX)

 

Semi-Annual Financials and Other Information

 

May 31, 2026

 

 

Table of Contents

 

 

Financial Statements (Form N-CSRS Item 7)  
Schedules of Investments  
Global X Millennial Consumer ETF 1
Global X Aging Population ETF 5
Global X FinTech ETF 10
Global X Internet of Things ETF 17
Global X Robotics & Artificial Intelligence ETF 24
Global X U.S. Infrastructure Development ETF 31
Global X Autonomous & Electric Vehicles ETF 36
Global X Artificial Intelligence & Technology ETF 43
Global X Genomics & Biotechnology ETF 50
Global X Cloud Computing ETF 55
Global X Cybersecurity ETF 58
Global X Dorsey Wright Thematic ETF 63
Global X Video Games & Esports ETF 67
Global X HealthTech ETF 72
Global X ClimateTech ETF 75
Global X Data Center & Digital Infrastructure ETF 80
Global X Clean Water ETF 84
Global X AgTech & Food Innovation ETF 87
Global X Blockchain ETF 92
Global X Hydrogen ETF 97
Global X Defense Tech ETF 102
Global X Infrastructure Development ex-U.S. ETF 108
Global X AI Semiconductor & Quantum ETF 116
Global X Space Tech 118
Glossary 122
Statements of Assets and Liabilities 123
Statements of Operations 131
Statements of Changes in Net Assets 137
Financial Highlights 149
Notes to Financial Statements 165
Other Information (Form N-CSRS Items 8-11) 195

 

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 May 31, 2026 (Unaudited)
Global X Millennial Consumer ETF

 

    Shares     Value  
COMMON STOCK — 100.0%                
SINGAPORE — 3.4%                
Communication Services — 0.3%                
Grindr *     23,878     $ 298,475  
                 
Consumer Discretionary — 3.1%                
Sea ADR *     33,501       3,032,846  
                 
TOTAL SINGAPORE             3,331,321  
UNITED STATES — 96.6%                
Communication Services — 16.6%                
Alphabet, Cl A     9,018       3,429,906  
Cargurus, Cl A *     8,321       248,465  
Cars.com *     31,422       323,018  
Meta Platforms, Cl A     4,556       2,881,716  
Netflix *     28,055       2,413,291  
Snap, Cl A *     82,857       473,113  
Spotify Technology *     5,883       2,927,851  
TripAdvisor *     24,917       278,572  
Walt Disney     28,690       2,921,503  
Yelp, Cl A *     11,197       255,292  
              16,152,727  
Consumer Discretionary — 49.5%                
Abercrombie & Fitch, Cl A *     2,751       212,432  
Airbnb, Cl A *     22,166       2,954,950  
Amazon.com *     12,253       3,316,152  
AutoNation *     2,004       376,191  
Booking Holdings     16,212       2,714,375  
Capri Holdings *     14,454       267,544  
CarMax *     8,189       365,393  
Carter’s     7,772       299,922  
Carvana, Cl A *     43,785       3,196,305  
Chipotle Mexican Grill, Cl A *     83,616       2,664,006  
Columbia Sportswear     4,871       322,363  
Coursera *     51,125       275,564  
Dick’s Sporting Goods     3,775       859,077  
DoorDash, Cl A *     18,525       2,950,847  
eBay     25,871       2,826,924  
Etsy *     5,557       377,432  
Expedia Group     6,757       1,525,663  

 

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

1

 
Schedule of Investments May 31, 2026 (Unaudited)
Global X Millennial Consumer ETF

 

    Shares     Value  
COMMON STOCK — continued                
Consumer Discretionary — continued                
Gap     21,515     $ 455,042  
Graham Holdings, Cl B     260       285,295  
Grand Canyon Education *     1,704       255,344  
Home Depot     8,423       2,671,270  
Laureate Education, Cl A *     8,588       274,730  
Life Time Group Holdings *     12,809       423,722  
Lowe’s     11,541       2,473,929  
Lululemon Athletica *     6,380       836,928  
NIKE, Cl B     65,069       3,008,140  
Peloton Interactive, Cl A *     60,401       386,566  
Perdoceo Education     8,019       259,655  
Planet Fitness, Cl A *     4,600       246,146  
SharkNinja *     8,157       994,257  
Starbucks     29,514       2,926,608  
Strategic Education     3,472       266,476  
Stride *     3,168       292,660  
Sweetgreen, Cl A *     51,034       508,299  
TJX     17,252       2,669,747  
Under Armour, Cl A *     45,662       268,036  
Universal Technical Institute *     8,057       301,412  
Urban Outfitters *     4,942       359,036  
VF     22,595       388,182  
Victoria’s Secret *     5,591       307,505  
Wayfair, Cl A *     6,293       454,732  
Williams-Sonoma     6,873       1,399,137  
              48,217,994  
Consumer Staples — 4.6%                
Celsius Holdings *     14,840       493,727  
Costco Wholesale     2,771       2,649,963  
Maplebear *     13,895       553,021  
Natural Grocers by Vitamin Cottage     10,728       314,974  
Sprouts Farmers Market *     5,458       450,940  
              4,462,625  
Financials — 9.0%                
Block, Cl A *     31,132       2,357,315  
Fiserv *     30,883       1,746,743  
LendingClub *     19,212       342,934  

 

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

2

 
Schedule of Investments May 31, 2026 (Unaudited)
Global X Millennial Consumer ETF

 

    Shares     Value  
COMMON STOCK — continued                
Financials — continued                
Nelnet, Cl A     2,154     $ 281,248  
PayPal Holdings     53,167       2,379,223  
SLM     13,354       295,390  
SoFi Technologies *     73,644       1,341,794  
              8,744,647  
Health Care — 0.8%                
Hims & Hers Health *(A)     14,496       379,070  
Omada Health Inc *     23,898       429,447  
              808,517  
Industrials — 3.6%                
Avis Budget Group *     2,042       359,065  
Lyft, Cl A *     22,990       324,389  
Uber Technologies *     39,869       2,806,778  
              3,490,232  
Information Technology — 6.2%                
Apple     10,995       3,431,100  
Intuit     7,916       2,624,391  
              6,055,491  
Real Estate — 6.3%                
AvalonBay Communities     8,084       1,475,411  
Camden Property Trust     5,968       635,950  
Centerspace     4,608       310,948  
Equity Residential     21,787       1,425,959  
Independence Realty Trust     18,733       304,037  
Invitation Homes     35,166       1,028,605  
UDR     18,961       699,661  
Zillow Group, Cl A *     7,043       249,040  
              6,129,611  
TOTAL UNITED STATES             94,061,844  
TOTAL COMMON STOCK
(Cost $108,322,316)
            97,393,165  

 

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

3

 
Schedule of Investments May 31, 2026 (Unaudited)
Global X Millennial Consumer ETF

 

    Shares     Value  
SHORT-TERM INVESTMENT(B)(C) — 0.3%                
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 3.580%
(Cost $278,824) 
    278,824     $ 278,824  
TOTAL INVESTMENTS — 100.3%
(Cost $108,601,140)
          $ 97,671,989  

 

Percentages are based on Net Assets of $97,426,911.

 

* Non-income producing security.
Real Estate Investment Trust
(A) This security or a partial position of this security is on loan at May 31, 2026. The total market value of securities on loan at May 31, 2026 was $280,433.
(B) These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2026 was $278,824. The total value of non-cash collateral held from securities on loan as of May 31, 2026 was $0.
(C) The rate reported on the Schedule of Investments is the 7-day effective yield as of May 31, 2026.

 

As of May 31, 2026, all of the Fund’s investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

 

See “Glossary” for abbreviations.

 

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

4

 
Schedule of Investments May 31, 2026 (Unaudited)
Global X Aging Population ETF

 

    Shares     Value  
COMMON STOCK — 99.7%                
AUSTRALIA — 0.3%                
Health Care — 0.3%                
Cochlear     3,765     $ 272,247  
                 
BELGIUM — 3.4%                
Health Care — 2.9%                
UCB     7,976       2,342,734  
                 
Real Estate — 0.5%                
Aedifica ‡     4,817       397,983  
                 
TOTAL BELGIUM             2,740,717  
CANADA — 1.0%                
Health Care — 1.0%                
Chartwell Retirement Residences, Cl Trust Units     18,672       273,801  
Extendicare     11,852       279,017  
Sienna Senior Living     15,185       233,471  
                 
TOTAL CANADA             786,289  
CHINA — 3.7%                
Health Care — 3.7%                
AK Medical Holdings     283,689       211,751  
Beijing Chunlizhengda Medical Instruments, Cl H     149,250       180,340  
Hansoh Pharmaceutical Group     349,443       1,401,803  
InnoCare Pharma, Cl H *     131,000       194,392  
Jiangsu Hengrui Pharmaceuticals, Cl H     29,600       227,361  
Lepu Biopharma, Cl H *     345,000       187,524  
Lifetech Scientific *     1,038,792       220,021  
Luye Pharma Group *     695,624       192,603  
Microport Scientific *     218,502       209,653  
                 
TOTAL CHINA             3,025,448  
DENMARK — 5.9%                
Consumer Discretionary — 0.3%                
GN Store Nord *     16,978       260,490  

 

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

5

 
Schedule of Investments May 31, 2026 (Unaudited)
Global X Aging Population ETF

 

    Shares     Value  
COMMON STOCK — continued                
Health Care — 5.6%                
Demant *     12,397     $ 484,320  
Genmab *     3,726       991,381  
Novo Nordisk, Cl B     67,891       3,105,518  
              4,581,219  
TOTAL DENMARK             4,841,709  
FRANCE — 0.7%                
Health Care — 0.7%                
Clariane *     57,561       281,178  
Emeis *     15,663       272,343  
                 
TOTAL FRANCE             553,521  
GERMANY — 0.9%                
Health Care — 0.9%                
Fresenius Medical Care     16,934       734,921  
                 
ITALY — 0.4%                
Health Care — 0.4%                
Amplifon     23,225       292,166  
                 
JAPAN — 6.5%                
Health Care — 6.5%                
Astellas Pharma     104,609       1,500,235  
Chugai Pharmaceutical     45,915       2,276,281  
Nipro     24,549       265,399  
Terumo     85,565       1,290,543  
                 
TOTAL JAPAN             5,332,458  
NEW ZEALAND — 0.3%                
Health Care — 0.3%                
Ryman Healthcare *     202,445       273,920  
                 
SOUTH KOREA — 2.1%                
Health Care — 2.1%                
Celltrion     13,398       1,714,980  

 

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

6

 
Schedule of Investments May 31, 2026 (Unaudited)
Global X Aging Population ETF

 

    Shares     Value  
COMMON STOCK — continued                
SPAIN — 0.3%                
Health Care — 0.3%                
Pharma Mar     2,343     $ 273,418  
                 
SWEDEN — 0.3%                
Health Care — 0.3%                
Elekta, Cl B     43,842       254,982  
                 
SWITZERLAND — 5.8%                
Health Care — 5.8%                
Medacta Group     1,337       245,036  
Sandoz Group     25,507       2,141,498  
Sonova Holding     3,457       918,504  
Straumann Holding     9,223       1,118,068  
Ypsomed Holding     788       353,382  
                 
TOTAL SWITZERLAND             4,776,488  
UNITED KINGDOM — 3.7%                
Health Care — 3.7%                
AstraZeneca     12,330       2,289,311  
Smith & Nephew PLC     49,312       738,480  
                 
TOTAL UNITED KINGDOM             3,027,791  
UNITED STATES — 64.4%                
Health Care — 56.4%                
AbbVie     11,869       2,584,119  
ACADIA Pharmaceuticals *     11,223       243,090  
Agios Pharmaceuticals *     7,695       226,233  
Alcon     28,830       1,922,369  
Alphatec Holdings *     22,882       177,335  
Amgen     7,123       2,398,955  
BeOne Medicines ADR *     6,362       1,831,747  
Boston Scientific *     41,335       1,996,894  
Bristol-Myers Squibb     42,594       2,435,525  
Brookdale Senior Living *     18,355       236,229  
CG oncology *     4,873       303,539  
DaVita *     3,855       749,258  
Dexcom *     22,316       1,645,582  

 

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

7

 
Schedule of Investments May 31, 2026 (Unaudited)
Global X Aging Population ETF

 

    Shares     Value  
COMMON STOCK — continued                
Health Care — continued                
Edwards Lifesciences *     31,927     $ 2,760,728  
Eli Lilly     2,652       2,930,460  
Embecta     28,422       96,066  
Ensign Group     3,354       562,298  
Exelixis *     14,988       756,594  
Glaukos *     3,368       348,083  
Halozyme Therapeutics *     6,843       455,333  
Incyte *     11,515       1,113,961  
Insulet *     4,082       591,645  
Integer Holdings *     2,923       261,258  
Johnson & Johnson     10,447       2,354,023  
LivaNova PLC *     3,997       294,979  
MannKind *     98,947       373,030  
Medtronic PLC     28,814       2,126,761  
Merck     20,617       2,447,650  
Merit Medical Systems *     3,690       232,691  
National HealthCare     1,426       262,983  
Neurocrine Biosciences *     5,792       916,874  
Novocure *     23,028       392,397  
Regeneron Pharmaceuticals     3,299       2,028,159  
Roche Holding     6,099       2,627,406  
Sonida Senior Living *     7,753       274,069  
Stryker     7,469       2,278,717  
Teleflex     2,551       328,161  
Theravance Biopharma *     15,305       245,798  
United Therapeutics *     2,537       1,412,652  
Zimmer Biomet Holdings     11,291       929,588  
              46,153,239  
Real Estate — 8.0%                
LTC Properties     6,374       238,452  
National Health Investors     2,928       214,593  
Omega Healthcare Investors     17,057       797,585  
Sabra Health Care REIT     14,551       289,420  
Ventas     29,677       2,505,332  

 

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

8

 
Schedule of Investments May 31, 2026 (Unaudited)
Global X Aging Population ETF

 

    Shares     Value  
COMMON STOCK — continued                
Real Estate — continued                
Welltower     12,218     $ 2,508,722  
              6,554,104  
TOTAL UNITED STATES             52,707,343  
TOTAL COMMON STOCK
(Cost $81,310,096)
            81,608,398  
TOTAL INVESTMENTS — 99.7%
(Cost $81,310,096)
          $ 81,608,398  

 

Percentages are based on Net Assets of $81,821,249.

 

* Non-income producing security.
Real Estate Investment Trust

 

As of May 31, 2026, all of the Fund’s investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

 

See “Glossary” for abbreviations.

 

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

9

 
Schedule of Investments   May 31, 2026 (Unaudited)
Global X FinTech ETF

 

    Shares     Value  
COMMON STOCK — 99.9%                
AUSTRALIA — 1.4%                
Financials — 1.3%                
HUB24     28,506     $ 1,704,392  
Zip *     442,272       731,896  
              2,436,288  
Information Technology — 0.1%                
IRESS     64,645       279,538  
                 
TOTAL AUSTRALIA             2,715,826  
BRAZIL — 0.8%                
Financials — 0.8%                
Pagseguro Digital, Cl A     59,071       552,314  
StoneCo, Cl A     88,189       1,009,764  
                 
TOTAL BRAZIL             1,562,078  
CAYMAN ISLANDS — 1.4%                
Financials — 1.4%                
Bullish *(A)     52,193       1,822,058  
Webull *(A)     144,759       926,457  
                 
TOTAL CAYMAN ISLANDS             2,748,515  
CHINA — 0.8%                
Financials — 0.7%                
Chaince Digital Holdings *     24,201       199,174  
Lianlian DigiTech, Cl H *     160,500       103,213  
Lufax Holding ADR *     288,661       476,290  
OSL Group *(A)     310,400       435,655  
Yeahka *(A)     159,700       115,739  
              1,330,071  
Information Technology — 0.1%                
Linklogis, Cl B (A)     648,500       167,971  
                 
TOTAL CHINA             1,498,042  
GERMANY — 0.1%                
Financials — 0.1%                
Hypoport *     2,390       242,506  

 

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

10

 
Schedule of Investments   May 31, 2026 (Unaudited)
Global X FinTech ETF

 

    Shares     Value  
COMMON STOCK — continued                
ISRAEL — 0.8%                
Financials — 0.3%                
Etoro Group, Cl A *(A)     16,355     $ 686,583  
                 
Information Technology — 0.5%                
Nayax *(A)     12,609       973,746  
                 
TOTAL ISRAEL             1,660,329  
ITALY — 0.9%                
Financials — 0.9%                
Nexi (A)     407,978       1,671,085  
                 
NETHERLANDS — 4.5%                
Financials — 4.5%                
Adyen *     7,948       8,711,979  
                 
NEW ZEALAND — 1.6%                
Information Technology — 1.6%                
Xero *     59,173       3,200,370  
                 
SOUTH KOREA — 0.8%                
Financials — 0.8%                
Kakaopay *     46,638       1,440,610  
NHN KCP     13,816       164,380  
                 
TOTAL SOUTH KOREA             1,604,990  
SWITZERLAND — 1.1%                
Information Technology — 1.1%                
Temenos     24,924       2,154,753  
                 
TAIWAN — 0.2%                
Financials — 0.2%                
Green World FinTech Service     63,000       86,982  
LINE Pay Taiwan     25,000       209,494  
                 
TOTAL TAIWAN             296,476  

 

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

11

 
Schedule of Investments   May 31, 2026 (Unaudited)
Global X FinTech ETF

 

    Shares     Value  
COMMON STOCK — continued                
UNITED KINGDOM — 3.5%                
Financials — 3.5%                
Klarna Group PLC *(A)     130,751     $ 2,391,436  
Wise Group, Cl A *     356,821       4,492,307  
                 
TOTAL UNITED KINGDOM             6,883,743  
UNITED STATES — 81.7%                
Financials — 55.2%                
Affirm Holdings, Cl A *     101,280       7,459,272  
Bakkt, Cl A *(A)     10,588       115,091  
Block, Cl A *     169,767       12,854,757  
Coinbase Global, Cl A *     55,603       10,510,635  
Fidelity National Information Services     169,601       7,291,147  
Fiserv *     179,119       10,130,971  
Flywire *     41,326       662,869  
Galaxy Digital, Cl A *     66,339       1,962,308  
Gemini Space Station, Cl A *(A)     14,707       77,506  
Global Payments     97,093       7,331,492  
Jack Henry & Associates     25,014       3,409,908  
Lemonade *     26,456       1,534,448  
LendingClub *     39,889       712,019  
LendingTree *     4,740       181,068  
Paymentus Holdings, Cl A *     21,767       511,307  
Payoneer Global *     119,410       620,932  
PayPal Holdings     240,092       10,744,117  
Paysafe *     19,900       153,827  
Priority Technology Holdings *(A)     28,201       180,204  
Repay Holdings, Cl A *     28,096       109,012  
Robinhood Markets, Cl A *     141,989       13,389,563  
Sezzle *(A)     11,704       1,382,828  
Shift4 Payments, Cl A *(A)     28,096       1,251,958  
SoFi Technologies *     442,332       8,059,289  
Toast, Cl A *     181,492       4,724,237  
Upstart Holdings *(A)     33,960       1,147,508  
Virtu Financial, Cl A     30,044       1,506,707  
              108,014,980  
Health Care — 1.4%                
HealthEquity *     29,632       2,607,320  

 

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

12

 
Schedule of Investments   May 31, 2026 (Unaudited)
Global X FinTech ETF

 

    Shares     Value  
COMMON STOCK — continued                
Industrials — 2.9%                
SS&C Technologies Holdings     83,763     $ 5,655,678  
                 
Information Technology — 22.2%                
ACI Worldwide *     35,191       1,536,791  
American Bitcoin, Cl A *     67,676       76,474  
BILL Holdings *     34,277       1,268,935  
Blend Labs, Cl A *     88,656       158,694  
Cipher Digital *(A)     140,312       3,318,379  
Circle Internet Group, Cl A *(A)     75,090       8,485,170  
Core Scientific *(A)     109,216       2,932,450  
Exodus Movement, Cl A *     3,646       25,960  
Guidewire Software *     29,442       4,494,910  
Hut 8 *     38,574       4,827,245  
Intuit     24,491       8,119,501  
Keel Infrastructure *(A)     195,902       1,112,723  
MARA Holdings *(A)     131,699       1,893,832  
Mitek Systems *     15,697       269,674  
nCino *     39,727       638,810  
Pagaya Technologies, Cl A *     24,676       373,101  
Riot Platforms *     131,308       3,559,760  
Vertex, Cl A *     26,950       359,782  
              43,452,191  
TOTAL UNITED STATES             159,730,169  
URUGUAY — 0.3%                
Financials — 0.3%                
Dlocal, Cl A     57,345       680,112  
                 
TOTAL COMMON STOCK
(Cost $264,905,797)
            195,360,973  

 

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

13

 
Schedule of Investments   May 31, 2026 (Unaudited)
Global X FinTech ETF

 

    Face Amount     Value  
REPURCHASE AGREEMENTS(B) — 2.6%                
Citadel Securities LLC
3.680%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $1,208,608 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $50 - $94,387, 0.000% - 6.125%, 06/09/2026 – 05/15/2056, with a total market value of $1,229,141)
  $ 1,208,237     $ 1,208,237  
Daiwa Capital Markets America, Inc.
3.620%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $1,136,085 (collateralized by various U.S. Treasury Obligations, ranging in par value $451 - $301,470, 1.500% - 6.500%, 05/01/2031 – 05/01/2056, with a total market value of $1,154,159)
    1,135,742       1,135,742  
Deutsche Bank Securities, Inc.
3.610%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $237,010 (collateralized by various U.S. Government Obligations, ranging in par value $82,254 - $165,351, 4.250% - 4.625%, 05/15/2039 – 02/15/2040, with a total market value of $240,328)
    236,939       236,939  
Natwest Markets Securities, Inc.
3.630%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $1,136,086 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $25,869 - $714,338, 4.174% - 6.379%, 08/01/2035 – 08/01/2055, with a total market value of $1,154,260)
    1,135,742       1,135,742  
Nomura Securities International, Inc.
3.620%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $216,602 (collateralized by various U.S. Government Obligations, ranging in par value $118 - $43,315, 0.000% - 7.500%, 07/15/2026 – 02/15/2056, with a total market value of $220,545)
    216,537       216,537  

 

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

14

 
Schedule of Investments   May 31, 2026 (Unaudited)
Global X FinTech ETF

 

    Face Amount     Value  
REPURCHASE AGREEMENTS(B) — continued                
RBC Dominion Securities, Inc.
3.610%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $72,517 (collateralized by various U.S. Government Obligations, ranging in par value $444 - $40,888, 0.000% - 4.625%, 02/15/2034 – 08/15/2046, with a total market value of $73,939)
  $ 72,495     $ 72,495  
RBC Dominion Securities, Inc.
3.620%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $1,136,085 (collateralized by various U.S. Treasury Obligations, ranging in par value $302 - $371,067, 2.000% - 6.500%, 04/01/2039 – 05/01/2056, with a total market value of $1,154,064)
    1,135,742       1,135,742  
TOTAL REPURCHASE AGREEMENTS
(Cost $5,141,434)
            5,141,434  
TOTAL INVESTMENTS — 102.5%
(Cost $270,047,231)
          $ 200,502,407  

 

Percentages are based on Net Assets of $195,595,535.

 

* Non-income producing security.
(A) This security or a partial position of this security is on loan at May 31, 2026. The total market value of securities on loan at May 31, 2026 was $17,386,660.
(B) These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2026 was $5,141,434. The total value of non-cash collateral held from securities on loan as of May 31, 2026 was $12,322,304.

 

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

15

 
Schedule of Investments   May 31, 2026 (Unaudited)
Global X FinTech ETF

 

The following is a summary of the level of inputs used as of May 31, 2026, in valuing the Fund’s investments carried at value:

 

Investments in Securities   Level 1     Level 2     Level 3     Total  
Common Stock   $ 195,360,973     $     $     $ 195,360,973  
Repurchase Agreements           5,141,434             5,141,434  
Total Investments in Securities   $ 195,360,973     $ 5,141,434     $     $ 200,502,407  

 

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   May 31, 2026 (Unaudited)
Global X Internet of Things ETF

 

    Shares     Value  
COMMON STOCK — 99.9%                
AUSTRALIA — 0.6%                
Information Technology — 0.6%                
Catapult Sports *     239,578     $ 580,910  
Weebit Nano *     170,195       887,804  
                 
TOTAL AUSTRALIA             1,468,714  
AUSTRIA — 1.4%                
Information Technology — 1.4%                
ams-OSRAM *     78,065       2,012,196  
Kontron (A)     51,733       1,404,210  
                 
TOTAL AUSTRIA             3,416,406  
CANADA — 0.6%                
Information Technology — 0.6%                
BlackBerry *     160,778       1,447,002  
                 
CHINA — 2.1%                
Consumer Discretionary — 0.5%                
PATEO CONNECT Technology Shanghai, Cl H *     55,600       1,427,351  
                 
Information Technology — 1.6%                
InnoScience Suzhou Technology Holding, Cl H *(A)     410,500       3,721,390  
Zepp Health ADR *     30,409       248,138  
              3,969,528  
TOTAL CHINA             5,396,879  
FRANCE — 1.0%                
Industrials — 1.0%                
Legrand     14,208       2,448,054  
                 
JAPAN — 1.9%                
Industrials — 0.2%                
Idec     28,514       620,648  
                 
Information Technology — 1.7%                
Nippon Ceramic     24,183       605,373  

 

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

17

 
Schedule of Investments   May 31, 2026 (Unaudited)
Global X Internet of Things ETF

 

    Shares     Value  
COMMON STOCK — continued                
Information Technology — continued                
Optex Group     30,646     $ 820,101  
Renesas Electronics     100,951       2,853,694  
              4,279,168  
TOTAL JAPAN             4,899,816  
NETHERLANDS — 1.7%                
Information Technology — 1.7%                
NXP Semiconductors     13,629       4,379,679  
                 
NORWAY — 1.4%                
Information Technology — 1.4%                
Nordic Semiconductor *     156,297       3,391,580  
                 
SINGAPORE — 9.4%                
Information Technology — 9.4%                
STMicroelectronics     344,680       23,711,255  
                 
SOUTH AFRICA — 0.5%                
Information Technology — 0.5%                
Karooooo (A)     24,104       1,149,761  
                 
SOUTH KOREA — 0.4%                
Information Technology — 0.4%                
LG CNS     13,371       1,009,701  
                 
SWEDEN — 1.3%                
Industrials — 0.4%                
Plejd *     8,717       1,019,615  
                 
Information Technology — 0.9%                
HMS Networks     39,257       2,287,414  
                 
TOTAL SWEDEN             3,307,029  

 

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

18

 
Schedule of Investments   May 31, 2026 (Unaudited)
Global X Internet of Things ETF

 

    Shares     Value  
COMMON STOCK — continued                
SWITZERLAND — 2.5%                
Industrials — 1.9%                
ABB     44,680     $ 4,781,649  
                 
Information Technology — 0.6%                
Landis+Gyr Group     22,603       1,463,764  
                 
TOTAL SWITZERLAND             6,245,413  
TAIWAN — 11.0%                
Information Technology — 11.0%                
Advantech     675,883       10,680,183  
eMemory Technology     58,632       6,382,504  
MediaTek     68,180       9,380,722  
Nexcom International     279,400       641,294  
Sercomm     229,850       636,159  
                 
TOTAL TAIWAN             27,720,862  
UNITED STATES — 64.1%                
Communication Services — 0.8%                
Globalstar *     9,621       810,184  
Iridium Communications     23,825       1,233,659  
              2,043,843  
Consumer Discretionary — 6.0%                
ADT     597,103       4,006,561  
Garmin     47,529       11,117,984  
              15,124,545  
Health Care — 5.1%                
Beta Bionics *(A)     51,371       622,616  
Dexcom *     161,491       11,908,346  
Owlet, Cl A *     48,577       268,631  
              12,799,593  
Industrials — 9.7%                
Emerson Electric     26,742       3,846,035  
Honeywell International     15,955       3,795,056  
Johnson Controls International PLC     27,715       3,715,473  
Resideo Technologies *     15,874       496,380  

 

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

19

 
Schedule of Investments   May 31, 2026 (Unaudited)
Global X Internet of Things ETF

 

    Shares     Value  
COMMON STOCK — continued                
Industrials — continued                
Rockwell Automation     6,068     $ 2,737,032  
Schneider Electric     12,989       4,091,793  
Sensata Technologies Holding     113,745       5,617,866  
              24,299,635  
Information Technology — 42.5%                
Alarm.com Holdings *     38,747       1,747,877  
Ambarella *     33,594       2,424,815  
Analog Devices     11,532       4,772,518  
Arlo Technologies *     83,343       1,111,796  
Badger Meter     22,773       2,821,575  
Belden     30,231       3,176,673  
Cisco Systems     47,542       5,725,008  
Digi International *     29,348       1,960,446  
GLOBALFOUNDRIES *     29,981       2,397,581  
Impinj *(A)     23,598       3,563,298  
InterDigital     1,574       396,790  
International Business Machines     14,836       4,418,161  
Itron *     35,069       2,892,491  
Lattice Semiconductor *     106,707       15,694,466  
NETGEAR *     27,214       707,292  
NVE (A)     8,454       827,985  
Ondas *(A)     54,410       719,300  
Powerfleet NJ *(A)     163,553       639,492  
PTC *     6,421       890,785  
Qorvo *     7,182       743,768  
QUALCOMM     27,769       6,970,574  
Rambus *     84,084       12,230,859  
Samsara, Cl A *     279,441       9,777,641  
Semtech *     6,588       1,004,933  
Silicon Laboratories *     25,717       5,596,019  
Skyworks Solutions (A)     117,318       9,133,206  
SmartRent, Cl A *     326,157       410,958  
Synaptics *     30,208       4,146,954  
              106,903,261  
TOTAL UNITED STATES             161,170,877  
TOTAL COMMON STOCK
(Cost $172,866,769)
            251,163,028  

 

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

20

 
Schedule of Investments   May 31, 2026 (Unaudited)
Global X Internet of Things ETF

 

    Face Amount     Value  
REPURCHASE AGREEMENTS(B) — 0.8%                
Citadel Securities LLC
3.680%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $498,117 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $21 - $38,901, 0.000% - 6.125%, 06/09/2026 – 05/15/2056, with a total market value of $506,579)
  $ 497,964     $ 497,964  
Daiwa Capital Markets America, Inc.
3.620%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $468,227 (collateralized by various U.S. Treasury Obligations, ranging in par value $186 - $124,248, 1.500% - 6.500%, 05/01/2031 – 05/01/2056, with a total market value of $475,676)
    468,086       468,086  
Deutsche Bank Securities, Inc.
3.610%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $98,149 (collateralized by various U.S. Government Obligations, ranging in par value $34,062 - $68,474, 4.250% - 4.625%, 05/15/2039 – 02/15/2040, with a total market value of $99,522)
    98,119       98,119  
Natwest Markets Securities, Inc.
3.630%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $468,228 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, 4.174% - 6.379%, 08/01/2035 – 08/01/2055, with a total market value of $475,718)
    468,086       468,086  
Nomura Securities International, Inc.
3.620%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $88,805 (collateralized by various U.S. Government Obligations, ranging in par value $49 - $17,759, 0.000% - 7.500%, 07/15/2026 – 02/15/2056, with a total market value of $90,421)
    88,778       88,778  

 

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

21

 
Schedule of Investments   May 31, 2026 (Unaudited)
Global X Internet of Things ETF

 

    Face Amount     Value  
REPURCHASE AGREEMENTS(B) — continued                
RBC Dominion Securities, Inc.
3.610%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $29,887 (collateralized by various U.S. Treasury Obligations, ranging in par value $511,607 - $14,127,366, 4.174% - 6.379%, 08/01/2035 – 08/01/20565, with a total market value of $22,827,640)
  $ 29,878     $ 29,878  
RBC Dominion Securities, Inc.
3.620%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $468,227 (collateralized by various U.S. Treasury Obligations, ranging in par value $125 - $152,932, 2.000% - 6.500%, 04/01/2039 – 05/01/2056, with a total market value of $475,637)
    468,086       468,086  
TOTAL REPURCHASE AGREEMENTS
(Cost $2,118,997)
            2,118,997  
TOTAL INVESTMENTS — 100.7%
(Cost $174,985,766)
          $ 253,282,025  

 

Percentages are based on Net Assets of $251,405,981.

 

* Non-income producing security.
(A) This security or a partial position of this security is on loan at May 31, 2026. The total market value of securities on loan at May 31, 2026 was $5,810,461.
(B) These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2026 was $2,118,997. The total value of non-cash collateral held from securities on loan as of May 31, 2026 was $3,875,213.

 

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

22

 
Schedule of Investments   May 31, 2026 (Unaudited)
Global X Internet of Things ETF

 

The following is a summary of the level of inputs used as of May 31, 2026, in valuing the Fund’s investments carried at value:

 

Investments in Securities   Level 1     Level 2     Level 3     Total  
Common Stock   $ 251,163,028     $     $     $ 251,163,028  
Repurchase  Agreements           2,118,997             2,118,997  
Total Investments in Securities   $ 251,163,028     $ 2,118,997     $     $ 253,282,025  

 

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.

23

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Robotics & Artificial Intelligence ETF

 

    Shares     Value  
COMMON STOCK — 99.6%                
CANADA — 0.6%                
Industrials — 0.6%                
ATS *     742,658     $ 22,982,476  
                 
CHINA — 21.8%                
Communication Services — 2.1%                
Baidu ADR *(A)     570,248       77,160,257  
                 
Consumer Discretionary — 3.8%                
Beijing Roborock Technology, Cl A     1,677,044       25,433,020  
Hesai Group ADR *(A)     981,418       18,548,800  
IMotion Automotive Technology Suzhou, Cl H *     130,400       71,544  
Minieye Technology, Cl H *(A)     2,505,400       3,161,559  
OneRobotics Shenzhen, Cl H *     1,704,100       20,177,671  
WeRide ADR *(A)     2,444,284       18,454,344  
XPeng ADR, Cl A *(A)     3,467,028       57,032,611  
              142,879,549  
Health Care — 0.7%                
Shanghai MicroPort MedBot Group, Cl H *(A)     7,715,500       24,945,871  
                 
Industrials — 10.8%                
AVIC Chengdu UAS, Cl A     4,368,732       28,687,885  
EFORT Intelligent Robot, Cl A *     3,377,038       9,314,830  
EHang Holdings ADR *(A)     395,765       4,020,972  
Estun Automation, Cl A *     5,626,534       23,067,171  
RoboTechnik Intelligent Technology, Cl A     1,079,945       102,109,583  
Shenzhen Dobot, Cl H *(A)     2,963,000       11,734,953  
Shenzhen Inovance Technology, Cl A     14,795,024       161,835,106  
Siasun Robot & Automation, Cl A *     10,135,184       22,169,708  
UBTech Robotics, Cl H *(A)     3,275,827       42,716,911  
              405,657,119  
Information Technology — 4.4%                
AInnovation Technology Group, Cl H *     4,263,300       2,371,704  
Horizon Robotics, Cl B *(A)     94,469,400       63,763,892  
Pony AI ADR *(A)     2,657,560       26,655,327  
RoboSense Technology *(A)     3,653,900       14,750,988  

 

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

24

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Robotics & Artificial Intelligence ETF

 

    Shares     Value  
COMMON STOCK — continued                
Information Technology — continued                
Xiaomi, Cl B *     16,348,800     $ 58,491,381  
              166,033,292  
TOTAL CHINA             816,676,088  
FINLAND — 0.7%                
Industrials — 0.7%                
Hiab, Cl B     417,400       26,254,023  
                 
FRANCE — 0.3%                
Industrials — 0.3%                
Exail Technologies *(A)     77,209       12,947,304  
                 
JAPAN — 30.0%                
Industrials — 19.2%                
Daifuku     2,865,352       131,594,877  
FANUC     6,781,590       336,203,959  
Hirata     243,395       4,398,815  
Shibaura Machine     187,232       4,651,690  
SMC (A)     345,964       150,195,189  
Yaskawa Electric     2,011,866       91,095,736  
              718,140,266  
Information Technology — 10.8%                
Keyence     691,745       348,110,384  
Omron (A)     1,555,905       56,141,204  
              404,251,588  
TOTAL JAPAN             1,122,391,854  
NORWAY — 1.0%                
Industrials — 1.0%                
AutoStore Holdings *     25,926,478       36,916,708  
                 
SOUTH KOREA — 3.7%                
Health Care — 0.0%                
Angel Robotics *     114,185       1,962,436  

 

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

25

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Robotics & Artificial Intelligence ETF

 

    Shares     Value  
COMMON STOCK — continued                
Industrials — 2.9%                
Doosan Robotics *     486,197     $ 34,359,642  
Rainbow Robotics *     145,637       67,841,522  
Yuil Robotics *     88,959       5,005,789  
              107,206,953  
Information Technology — 0.8%                
Robostar *     73,602       4,590,967  
Robotis *     110,066       23,773,380  
              28,364,347  
TOTAL SOUTH KOREA             137,533,736  
SWITZERLAND — 9.5%                
Health Care — 0.5%                
Tecan Group     96,796       19,251,422  
                 
Industrials — 9.0%                
ABB     3,159,720       338,152,923  
                 
TOTAL SWITZERLAND             357,404,345  
UNITED KINGDOM — 1.1%                
Information Technology — 1.1%                
Renishaw PLC     550,427       39,323,104  
                 
UNITED STATES — 30.9%                
Communication Services — 2.3%                
Alphabet, Cl A     223,535       85,019,302  
                 
Consumer Discretionary — 2.1%                
Serve Robotics *(A)     561,779       5,252,634  
Tesla *     165,897       72,296,253  
              77,548,887  
Health Care — 6.8%                
Intuitive Surgical *     541,588       229,979,928  
Omnicell *     342,633       15,123,821  
Procept BioRobotics *     425,262       11,197,149  
              256,300,898  

 

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

26

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Robotics & Artificial Intelligence ETF

 

    Shares     Value  
COMMON STOCK — continued                
Industrials — 4.8%                
AeroVironment *(A)     376,589     $ 78,044,304  
JBT Marel     391,904       52,667,978  
Richtech Robotics, Cl B *(A)     1,384,830       4,182,187  
Symbotic, Cl A *     948,192       44,019,814  
              178,914,283  
Information Technology — 14.9%                
Appian, Cl A *     323,325       7,565,805  
Aurora Innovation, Cl A *(A)     12,373,940       90,824,720  
Cerence *     339,578       4,366,973  
Cognex     1,249,621       82,287,543  
NVIDIA     1,467,504       309,848,794  
Ouster *     473,564       21,807,622  
UiPath, Cl A *(A)     3,471,937       40,691,102  
              557,392,559  
TOTAL UNITED STATES             1,155,175,929  
TOTAL COMMON STOCK
(Cost $2,925,026,701)
            3,727,605,567  
                 
    Face Amount          
REPURCHASE AGREEMENTS(B) — 2.7%                
Citadel Securities LLC
3.680%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $23,902,450 (collateralized by various U.S. Treasury Obligations, ranging in par value $986 - $1,866,687, 0.000% - 6.125%, 06/09/2026 – 05/15/2056, with a total market value of $24,308,530)
  $ 23,895,122       23,895,122  
Citigroup Global Markets, Inc.
3.610%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $4,670,067 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $782,340 - $3,984,589, 1.625% - 4.125%, 11/30/2029 – 05/15/2031, with a total market value of $4,680,276)
    4,668,663       4,668,663  

 

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

27

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Robotics & Artificial Intelligence ETF

 

    Face Amount     Value  
REPURCHASE AGREEMENTS(B) — continued                
Daiwa Capital Markets America, Inc.
3.610%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $1,434,139 (collateralized by various U.S. Government Obligations, ranging in par value $8,123 - $820,091, 1.250% - 4.250%, 11/30/2026 – 08/15/2051, with a total market value of $1,445,699)
  $ 1,433,708     $ 1,433,708  
Daiwa Capital Markets America, Inc.
3.620%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $22,468,190 (collateralized by various U.S. Treasury Obligations, ranging in par value $8,910 - $5,962,127, 1.500% - 6.500%, 05/01/2031 – 05/01/2056, with a total market value of $22,825,638)
    22,461,414       22,461,414  
Natwest Markets Securities, Inc.
3.630%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $22,468,209 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $511,607 - $14,127,366, 4.174% - 6.379%, 08/01/2035 – 08/01/2056, with a total market value of $22,827,640)
    22,461,414       22,461,414  
Nomura Securities International, Inc.
3.620%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $4,300,933 (collateralized by various U.S. Government Obligations, ranging in par value $2,349 - $860,087, 0.000% - 7.500%, 07/15/2026 – 02/15/2056, with a total market value of $4,379,215)
    4,299,636       4,299,636  

 

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

28

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Robotics & Artificial Intelligence ETF

 

    Face Amount     Value  
REPURCHASE AGREEMENTS(B) — continued                
RBC Dominion Securities, Inc.
3.620%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $22,468,190 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $5,975 - $7,338,536, 2.000% - 6.500%, 04/01/2039 – 05/01/2056, with a total market value of $22,823,768)
  $ 22,461,414     $ 22,461,414  
TOTAL REPURCHASE AGREEMENTS
(Cost $101,681,371)
            101,681,371  
TOTAL INVESTMENTS — 102.3%
(Cost $3,026,708,072)
          $ 3,829,286,938  

 

Percentages are based on Net Assets of $3,743,088,300.

 

* Non-income producing security.
(A) This security or a partial position of this security is on loan at May 31, 2026. The total market value of securities on loan at May 31, 2026 was $267,414,297.
(B) These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2026 was $22,461,414. The total value of non-cash collateral held from securities on loan as of May 31, 2026 was $173,093,755.

 

A list of the open futures contracts held by the Fund at May 31, 2026, is as follows:

Type of Contract   Number of
Contracts
  Expiration
Date
  Notional Amount     Value     Unrealized
Appreciation
Long Contracts                              
NASDAQ 100 Index E-Mini   28   Jun-2026   $ 13,980,291     $ 17,026,940     $ 3,046,649

 

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

29

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Robotics & Artificial Intelligence ETF

 

The following is a summary of the level of inputs used as of May 31, 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   $ 3,727,605,567     $     $     $ 3,727,605,567  
Repurchase Agreements           101,681,371             101,681,371  
Total Investments in Securities   $ 3,727,605,567     $ 101,681,371     $     $ 3,829,286,938  
                         
Other Financial Instruments   Level 1     Level 2     Level 3     Total  
Futures Contracts*                                
Unrealized Appreciation   $ 3,046,649     $     $     $ 3,046,649  
Total Other Financial Instruments   $ 3,046,649     $     $     $ 3,046,649  

 

* Futures contracts are valued at the unrealized appreciation on the instrument.

 

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.

30

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X U.S. Infrastructure Development ETF

 

    Shares     Value  
COMMON STOCK — 99.9%                
Consumer Discretionary — 0.7%                
TopBuild *     206,376     $ 86,157,853  
Industrials — 74.5%                
Acuity     224,907       68,621,375  
Advanced Drainage Systems     570,452       79,384,100  
AECOM     964,824       66,929,841  
Arcosa     359,772       45,601,101  
Argan     101,761       67,876,622  
Astec Industries     748,791       37,709,115  
ATI *     996,615       174,567,083  
Atkore     507,174       41,999,079  
Builders FirstSource *     811,175       61,860,205  
Carlisle     306,542       105,698,747  
Carpenter Technology     365,439       171,383,582  
Centuri Holdings *     1,314,631       40,411,757  
Columbus McKinnon (A)     1,753,651       27,988,270  
Construction Partners, Cl A *     351,846       40,979,504  
Crane     422,780       77,368,740  
CSW Industrials     122,403       33,901,959  
CSX     10,419,865       471,603,090  
Custom Truck One Source *     5,631,800       53,952,644  
Deere     713,715       386,961,999  
DNOW *     2,538,244       32,464,141  
DXP Enterprises *     282,376       40,961,463  
Dycom Industries *     212,427       108,337,770  
Eaton PLC     1,116,096       447,108,058  
EMCOR Group     328,620       271,709,588  
Emerson Electric     2,481,197       356,845,752  
Everus Construction Group *     404,987       60,249,916  
Exponent     493,837       28,800,574  
Fastenal     8,310,258       367,313,404  
Fortive     2,323,840       135,526,349  
Gibraltar Industries *     728,867       28,170,710  
Gorman-Rupp     692,863       51,930,082  
Graco     1,215,044       91,675,070  
Granite Construction     320,179       43,813,294  
Greenbrier     729,844       34,382,951  
Herc Holdings     244,046       32,458,118  
Howmet Aerospace     1,712,558       442,268,103  
Hubbell, Cl B     389,837       184,630,702  

 

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

31

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X U.S. Infrastructure Development ETF

 

    Shares     Value  
COMMON STOCK — continued                
Industrials — continued                
IDEX     549,063     $ 115,758,952  
Insteel Industries (A)     1,094,586       30,090,169  
Jacobs Solutions     863,801       103,535,188  
Legence, Cl A *     766,189       64,160,667  
Lincoln Electric Holdings     403,653       104,340,264  
MasTec *     578,777       218,991,853  
Mueller Industries     814,344       104,724,638  
Mueller Water Products, Cl A     1,389,043       35,017,774  
MYR Group *     149,082       69,332,075  
Norfolk Southern     1,288,197       392,848,557  
NWPX Infrastructure *(A)     534,663       63,068,847  
Parker-Hannifin     396,907       335,239,559  
Pentair PLC     1,200,388       85,035,486  
Powell Industries     268,116       76,257,553  
Preformed Line Products     148,868       55,054,364  
Primoris Services     396,337       49,851,268  
Quanta Services     795,308       566,044,563  
RBC Bearings *     232,117       132,761,639  
Regal Rexnord     486,994       98,255,909  
Rockwell Automation     876,561       395,381,605  
SPX Technologies *     365,563       79,202,880  
Sterling Infrastructure *     225,329       193,972,216  
Terex     605,427       35,223,743  
Tetra Tech     1,914,460       52,628,505  
Titan Machinery *(A)     2,231,104       48,682,689  
Trane Technologies PLC     955,650       431,284,845  
Trinity Industries     1,352,265       43,867,477  
Tutor Perini     485,507       34,708,895  
Union Pacific     1,608,040       422,335,626  
United Rentals     389,973       388,284,417  
Valmont Industries     144,506       75,115,664  
Wabash National (A)     3,602,188       28,565,351  
WESCO International     356,850       128,883,514  
Woodward     439,161       153,719,525  
Zurn Elkay Water Solutions     1,227,595       57,696,965  
              10,083,368,100  
Information Technology — 1.1%                
Badger Meter     216,186       26,785,445  
Calix *     668,154       26,559,122  

 

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

32

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X U.S. Infrastructure Development ETF

 

    Shares     Value  
COMMON STOCK — continued                
Information Technology — continued                
Trimble *     1,739,074     $ 98,101,164  
              151,445,731  
Materials — 20.5%                
Alcoa     1,897,873       147,350,860  
Amrize     4,054,581       220,528,661  
Century Aluminum *     771,058       50,866,696  
Cleveland-Cliffs *     4,179,105       56,835,828  
Commercial Metals     813,569       61,871,923  
CRH PLC     2,994,804       325,804,727  
Eagle Materials     235,309       52,045,645  
Knife River *     490,868       38,538,047  
Louisiana-Pacific     510,861       39,019,563  
Martin Marietta Materials     442,364       257,296,597  
Materion     250,573       55,136,083  
Metallus *     1,832,013       35,999,055  
Minerals Technologies     545,954       42,049,377  
Nucor     1,678,790       419,697,500  
Reliance     383,259       145,933,529  
RPM International     939,492       99,557,967  
Ryerson Holding     1,241,525       35,507,615  
Steel Dynamics     1,071,221       278,678,143  
Titan America (B)     2,185,383       35,556,181  
United States Lime & Minerals     284,533       32,433,917  
Vulcan Materials     969,237       274,216,532  
Westlake     939,919       81,613,167  
              2,786,537,613  
Utilities — 3.1%                
MDU Resources Group     1,794,958       37,837,714  
Sempra     4,339,821       386,808,246  
              424,645,960  
TOTAL COMMON STOCK
(Cost $10,003,647,480)
            13,532,155,257  
                 
SHORT-TERM INVESTMENT(C)(D) — 0.1%                
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 3.580%                

 

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

33

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X U.S. Infrastructure Development ETF

 

    Shares     Value  
SHORT-TERM INVESTMENT                
(Cost $12,152,125)     12,152,125     $ 12,152,125  
TOTAL INVESTMENTS — 100.0%
(Cost $10,015,799,605)
          $ 13,544,307,382  

 

Percentages are based on Net Assets of $13,540,058,544.

 

* Non-income producing security.
(A) Affiliated investment.
(B) This security or a partial position of this security is on loan at May 31, 2026. The total market value of securities on loan at May 31, 2026 was $11,803,885.
(C) These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2026 was $12,152,125. The total value of non-cash collateral held from securities on loan as of May 31, 2026 was $0.
(D) The rate reported on the Schedule of Investments is the 7-day effective yield as of May 31, 2026.

 

As of May 31, 2026, all of the Fund’s investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

 

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

34

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X U.S. Infrastructure Development ETF

 

The following is a summary of the Fund’s transactions with affiliates for the period ended May 31, 2026:

Value
11/30/2025
    Purchases
at Cost
    Proceeds
from Sales
    Change in
Unrealized
Appreciation
(Depreciation)
    Realized Gain
(Loss)
    Value
5/31/2026
    Income     Capital Gains  
Columbus McKinnon
                                                             
$ 11,945,090     $ 21,744,163     $ (832,928 )   $ (4,426,187 )   $ (441,868 )   $ 27,988,270     $ 232,691     $  
Insteel Industries
                                                             
  28,444,323       8,561,820       (3,431,288 )     (3,301,372 )     (183,314 )     30,090,169       31,105        
NWPX Infrastructure
                                                             
  31,669,572       10,990,199       (10,549,064 )     26,416,998       4,541,142       63,068,847              
Titan Machinery
                                                             
  31,613,455       10,644,488       (1,340,943 )     7,844,079       (78,390 )     48,682,689              
Wabash National
                                                             
  14,448,385       19,742,994       (919,783 )     (4,167,884 )     (538,361 )     28,565,351       417,177        
Totals:                                                    
                                                             
$ 118,120,825     $ 71,683,664     $ (17,074,006 )   $ 22,365,634     $ 3,299,209     $ 198,395,326     $ 680,973     $  

 

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.

35

 

Schedule of Investments   May 31, 2026 (Unaudited)
Global X Autonomous & Electric Vehicles ETF

 

    Shares     Value  
COMMON STOCK — 98.9%                
AUSTRALIA — 4.9%                
Materials — 4.9%                
IGO *     655,873     $ 4,520,821  
Liontown *     2,709,019       4,716,931  
PLS Group *     1,290,841       5,999,808  
Rio Tinto PLC     77,320       8,304,497  
                 
TOTAL AUSTRALIA             23,542,057  
CANADA — 2.6%                
Information Technology — 1.9%                
BlackBerry *     1,009,139       9,082,251  
                 
Materials — 0.7%                
Lithium Americas *     678,977       3,548,789  
                 
TOTAL CANADA             12,631,040  
CHILE — 0.9%                
Materials — 0.9%                
Sociedad Quimica y Minera de Chile ADR     52,399       4,499,502  
                 
CHINA — 9.4%                
Communication Services — 1.0%                
Baidu ADR *(A)     34,353       4,648,304  
                 
Consumer Discretionary — 5.1%                
BYD, Cl H     423,600       4,934,631  
Geely Automobile Holdings     1,956,400       4,697,916  
Li Auto, Cl A *     500,100       3,691,375  
Nexteer Automotive Group     4,245,300       2,654,193  
NIO ADR *(A)     894,077       5,006,831  
XPeng ADR, Cl A *(A)     208,239       3,425,532  
              24,410,478  
Information Technology — 1.7%                
indie Semiconductor, Cl A *(A)     954,158       4,761,248  
RoboSense Technology *(A)     820,728       3,313,323  
              8,074,571  

 

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

36

 

Schedule of Investments   May 31, 2026 (Unaudited)
Global X Autonomous & Electric Vehicles ETF

 

    Shares     Value  
COMMON STOCK — continued                
Materials — 1.6%                
Ganfeng Lithium Group, Cl H     506,133     $ 4,136,298  
Tianqi Lithium, Cl H *(A)     552,900       3,462,415  
              7,598,713  
TOTAL CHINA             44,732,066  
FRANCE — 2.0%                
Consumer Discretionary — 1.4%                
Forvia *     239,980       3,191,127  
Renault     105,666       3,648,672  
              6,839,799  
Materials — 0.6%                
Eramet (A)     42,934       2,750,606  
                 
TOTAL FRANCE             9,590,405  
GERMANY — 2.3%                
Information Technology — 2.3%                
Infineon Technologies     116,915       11,066,220  
                 
ISRAEL — 0.8%                
Consumer Discretionary — 0.8%                
Mobileye Global, Cl A *     368,692       3,812,275  
                 
JAPAN — 11.3%                
Consumer Discretionary — 5.8%                
Denso     327,950       3,930,703  
GS Yuasa     165,237       6,809,188  
Honda Motor     492,008       4,489,237  
Nissan Motor *(A)     1,563,818       3,898,002  
Toyota Motor     437,526       8,360,790  
              27,487,920  
Information Technology — 4.1%                
Allegro MicroSystems *(A)     130,363       6,240,477  
Renesas Electronics     306,822       8,673,277  
Socionext (A)     269,885       4,467,284  
              19,381,038  

 

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

37

 

Schedule of Investments   May 31, 2026 (Unaudited)
Global X Autonomous & Electric Vehicles ETF

 

    Shares     Value  
COMMON STOCK — continued                
Materials — 1.4%                
Tokai Carbon     619,232     $ 6,924,009  
                 
TOTAL JAPAN             53,792,967  
NETHERLANDS — 3.7%                
Information Technology — 3.7%                
Nebius Group, Cl A *(A)     43,083       9,956,051  
NXP Semiconductors     23,787       7,643,952  
                 
TOTAL NETHERLANDS             17,600,003  
SINGAPORE — 2.2%                
Information Technology — 2.2%                
STMicroelectronics     154,162       10,605,125  
                 
SOUTH KOREA — 5.3%                
Consumer Discretionary — 0.9%                
HL Mando     96,049       3,957,958  
                 
Industrials — 1.0%                
LG Energy Solution *     16,015       4,867,200  
                 
Information Technology — 2.0%                
Samsung SDI *     20,938       9,558,954  
                 
Materials — 1.4%                
SKC *     73,692       6,811,742  
                 
TOTAL SOUTH KOREA             25,195,854  
TAIWAN — 3.3%                
Industrials — 0.8%                
Advanced Energy Solution Holding     100,300       3,714,163  
                 
Information Technology — 2.5%                
WNC     1,162,900       11,842,272  
                 
TOTAL TAIWAN             15,556,435  

 

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

38

 

Schedule of Investments   May 31, 2026 (Unaudited)
Global X Autonomous & Electric Vehicles ETF

 

    Shares     Value  
COMMON STOCK — continued                
UNITED STATES — 50.2%                
Communication Services — 2.6%                
Alphabet, Cl A     33,166     $ 12,614,357  
                 
Consumer Discretionary — 10.4%                
Dauch *     506,493       3,363,114  
Ford Motor     394,765       6,884,702  
General Motors     74,502       6,201,546  
Gentherm *     101,741       3,529,395  
Lear     32,876       4,705,213  
Lucid Group, Cl A *(A)     360,327       2,360,142  
QuantumScape, Cl A *     381,114       3,422,404  
Stellantis *     445,780       3,571,213  
Tesla *     24,946       10,871,217  
Visteon     39,945       4,725,094  
              49,634,040  
Industrials — 12.7%                
Amprius Technologies *     406,548       8,244,793  
ATI *     35,333       6,188,928  
Bloom Energy, Cl A *     34,397       9,803,145  
EnerSys     24,839       5,662,547  
Honeywell International     37,417       8,900,008  
Hyster-Yale (A)     115,552       4,196,849  
ITT     23,774       4,635,930  
Plug Power *(A)     1,749,899       6,912,101  
Westinghouse Air Brake Technologies     22,137       5,781,299  
              60,325,600  
Information Technology — 21.9%                
Ambarella *     60,620       4,375,552  
CEVA *     167,828       6,709,763  
Coherent *     24,888       8,996,265  
Intel *     207,792       23,829,587  
Microsoft     23,708       10,674,290  
NVIDIA     60,048       12,678,535  
ON Semiconductor *     77,508       9,349,015  
QUALCOMM     55,365       13,897,722  
SiTime *     11,740       8,337,748  

 

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

39

 

Schedule of Investments   May 31, 2026 (Unaudited)
Global X Autonomous & Electric Vehicles ETF

 

    Shares     Value  
COMMON STOCK — continued                
Information Technology — continued                
Skyworks Solutions (A)     71,043     $ 5,530,697  
              104,379,174  
Materials — 2.6%                
Albemarle     25,507       4,499,945  
American Battery Technology *(A)     799,576       2,886,470  
Cabot     55,934       4,894,784  
              12,281,199  
TOTAL UNITED STATES             239,234,370  
TOTAL COMMON STOCK
(Cost $381,659,070)
            471,858,319  
                 
PREFERRED STOCK — 0.8%                
GERMANY — 0.8%                
Consumer Discretionary — 0.8%                
Volkswagen (B)     38,812       4,158,704  
TOTAL PREFERRED STOCK
(Cost $7,857,150)
            4,158,704  
               
    Face Amount          
REPURCHASE AGREEMENTS(C) — 1.8%                
Citadel Securities LLC
3.680%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $1,963,228 (collateralized by various U.S. Treasury Obligations, ranging in par value $81 - $153,320, 0.000% - 6.125%, 06/09/2025 – 05/15/2056, with a total market value of $1,996,581)
  $ 1,962,626       1,962,626  
Daiwa Capital Markets America, Inc.
3.620%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $1,845,425 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $732 - $489,699, 1.500% - 6.500%, 05/01/2031 – 05/01/2056, with a total market value of $1,874,784) 
    1,844,868       1,844,868  

 

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

40

 

Schedule of Investments   May 31, 2026 (Unaudited)
Global X Autonomous & Electric Vehicles ETF

 

    Face Amount     Value  
REPURCHASE AGREEMENTS(C) — continued                
Deutsche Bank Securities, Inc.
3.610%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $383,957 (collateralized by various U.S. Treasury Obligations, ranging in par value $133,251 - $276,869, 4.250% - 4.625%, 05/15/2039 – 02/15/2040, with a total market value of $389,332) 
  $ 383,842     $ 383,842  
Natwest Markets Securities, Inc.
3.630%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $1,845,426 (collateralized by various U.S. Government Obligations, ranging in par value $42,021 - $1,160,351, 4.174% - 6.379%, 08/01/2035 – 08/01/2055, with a total market value of $1,874,948)
    1,844,868       1,844,868  
Nomura Securities International, Inc.
3.620%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $352,876 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $193 - $70,567, 0.000% - 7.500%, 07/15/2026 – 02/15/2056, with a total market value of $359,299) 
    352,770       352,770  
RBC Dominion Securities, Inc.
3.610%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $117,793 (collateralized by various U.S. Treasury Obligations, ranging in par value $722 - $66,416, 0.000% - 4.625%, 02/15/2034 – 08/15/2046, with a total market value of $120,104) 
    117,758       117,758  

 

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

41

 

Schedule of Investments   May 31, 2026 (Unaudited)
Global X Autonomous & Electric Vehicles ETF

 

    Face Amount     Value  
REPURCHASE AGREEMENTS(C) — continued                
RBC Dominion Securities, Inc.
3.620%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $1,845,425 (collateralized by various U.S. Government Obligations, ranging in par value $491 - $602,751, 2.000% - 6.500%, 04/01/2039 – 05/01/2056, with a total market value of $1,874,630)
  $ 1,844,868     $ 1,844,868  
TOTAL REPURCHASE AGREEMENTS
(Cost $8,351,600)
            8,351,600  
TOTAL INVESTMENTS — 101.5%
(Cost $397,867,820)
          $ 484,368,623  

 

Percentages are based on Net Assets of $477,035,082.

 

* Non-income producing security.
(A) This security or a partial position of this security is on loan at May 31, 2026. The total market value of securities on loan at May 31, 2026 was $30,693,074.
(B) There is currently no stated interest rate.
(C) These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2026 was $8,351,600. The total value of non-cash collateral held from securities on loan as of May 31, 2026 was $22,920,072.

 

The following is a summary of the level of inputs used as of May 31, 2026, in valuing the Fund’s investments carried at value:

 

Investments in Securities   Level 1     Level 2     Level 3     Total  
Common Stock   $ 471,858,319     $     $     $ 471,858,319  
Preferred Stock     4,158,704                   4,158,704  
Repurchase Agreements           8,351,600             8,351,600  
Total Investments in Securities   $ 476,017,023     $ 8,351,600     $     $ 484,368,623  

 

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.

42

 

Schedule of Investments   May 31, 2026 (Unaudited)
Global X Artificial Intelligence & Technology ETF

 

    Shares     Value  
COMMON STOCK — 99.8%                
CANADA — 1.7%                
Industrials — 0.3%                
Thomson Reuters (A)     346,074     $ 29,938,862  
                 
Information Technology — 1.4%                
Celestica *     91,292       35,183,024  
Shopify, Cl A *     970,205       115,173,035  
              150,356,059  
TOTAL CANADA             180,294,921  
CHINA — 4.1%                
Communication Services — 2.0%                
Baidu ADR *(A)     220,325       29,812,176  
Tencent Holdings     3,340,618       182,089,980  
              211,902,156  
Consumer Discretionary — 2.0%                
Alibaba Group Holding ADR     1,447,540       179,813,418  
Meituan, Cl B *     4,400,815       41,243,252  
              221,056,670  
Information Technology — 0.1%                
Pony AI ADR *(A)     1,541,287       15,459,109  
                 
TOTAL CHINA             448,417,935  
FINLAND — 0.9%                
Information Technology — 0.9%                
Nokia ADR     4,540,751       67,384,745  
TietoEVRY (A)     1,132,611       27,280,047  
                 
TOTAL FINLAND             94,664,792  
GERMANY — 4.2%                
Industrials — 1.8%                
Siemens     633,223       199,367,002  
                 
Information Technology — 2.4%                
Infineon Technologies     1,030,270       97,516,950  

 

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

43

 

Schedule of Investments   May 31, 2026 (Unaudited)
Global X Artificial Intelligence & Technology ETF

 

    Shares     Value  
COMMON STOCK — continued                
Information Technology — continued                
SAP ADR     903,639     $ 164,272,534  
              261,789,484  
TOTAL GERMANY             461,156,486  
ISRAEL — 0.1%                
Information Technology — 0.1%                
Wix.com *(A)     302,370       16,950,862  
                 
ITALY — 0.2%                
Health Care — 0.2%                
Amplifon (A)     1,581,159       19,890,649  
                 
JAPAN — 1.5%                
Consumer Discretionary — 0.2%                
Rakuten Group *     4,298,149       20,123,189  
                 
Industrials — 0.7%                
FANUC     774,925       38,417,665  
Fujikura     1,397,976       41,898,006  
              80,315,671  
Information Technology — 0.6%                
Fujitsu     1,633,453       34,559,141  
NEC     1,076,460       27,744,930  
              62,304,071  
TOTAL JAPAN             162,742,931  
NETHERLANDS — 0.8%                
Industrials — 0.2%                
Wolters Kluwer     261,190       18,598,735  
                 
Information Technology — 0.6%                
NXP Semiconductors     198,681       63,846,139  
                 
TOTAL NETHERLANDS             82,444,874  

 

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

44

 

Schedule of Investments   May 31, 2026 (Unaudited)
Global X Artificial Intelligence & Technology ETF

 

    Shares     Value  
COMMON STOCK — continued                
SOUTH KOREA — 11.9%                
Information Technology — 11.9%                
Samsung Electronics     2,474,443     $ 520,503,272  
SK hynix     499,259       772,907,264  
                 
TOTAL SOUTH KOREA             1,293,410,536  
SWEDEN — 0.3%                
Information Technology — 0.3%                
Telefonaktiebolaget LM Ericsson ADR (A)     2,667,229       34,834,011  
                 
SWITZERLAND — 0.2%                
Information Technology — 0.2%                
Temenos     273,968       23,685,337  
                 
TAIWAN — 4.8%                
Information Technology — 4.8%                
Advantech     2,849,857       45,032,935  
Global Unichip     298,405       44,486,165  
Hon Hai Precision Industry     11,093,300       102,343,576  
Taiwan Semiconductor Manufacturing ADR     782,868       327,591,115  
                 
TOTAL TAIWAN             519,453,791  
UNITED STATES — 69.1%                
Communication Services — 7.6%                
Alphabet, Cl A     775,732       295,041,909  
Meta Platforms, Cl A     395,519       250,169,723  
Netflix *     3,069,377       264,027,809  
Snap, Cl A *     3,335,366       19,044,940  
              828,284,381  
Consumer Discretionary — 5.0%                
Amazon.com *     1,094,419       296,193,558  
Tesla *     570,364       248,558,928  
              544,752,486  
Health Care — 0.2%                
GE HealthCare Technologies     359,865       22,433,984  

 

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

45

 

Schedule of Investments   May 31, 2026 (Unaudited)
Global X Artificial Intelligence & Technology ETF

 

    Shares     Value  
COMMON STOCK — continued                
Industrials — 1.6%                
Equifax     118,965     $ 19,723,207  
Experian PLC     722,606       25,061,874  
Genpact     552,821       18,215,452  
Uber Technologies *     1,648,902       116,082,701  
              179,083,234  
Information Technology — 54.7%                
Accenture PLC, Cl A     488,123       91,313,170  
Adobe *     325,638       84,408,626  
Advanced Micro Devices *     1,010,942       521,747,166  
Ambarella *     369,939       26,702,197  
Apple     1,032,548       322,216,929  
AppLovin, Cl A *     244,019       149,605,609  
Broadcom     787,973       352,042,697  
C3.ai, Cl A *     1,969,612       21,212,721  
Cadence Design Systems *     215,719       80,879,525  
CCC Intelligent Solutions Holdings *     3,225,682       15,160,705  
Cisco Systems     3,449,257       415,359,528  
CoreWeave, Cl A *     305,574       33,469,520  
Datadog, Cl A *     257,365       63,659,233  
DXC Technology *     1,676,397       16,613,094  
Dynatrace *     622,590       26,516,108  
Globant *     370,040       14,934,814  
Hewlett Packard Enterprise     1,195,894       51,471,278  
Hut 8 *     463,731       57,887,541  
Intel *     3,956,008       453,674,997  
International Business Machines     741,870       220,928,886  
Marvell Technology     670,971       137,549,055  
Micron Technology     645,003       626,297,913  
Microsoft     568,225       255,837,624  
NVIDIA     1,387,334       292,921,701  
Okta, Cl A *     279,033       34,396,398  
Oracle     1,439,017       324,901,258  
Palantir Technologies, Cl A *     1,545,865       241,989,707  
Pegasystems     509,996       18,222,157  
QUALCOMM     850,255       213,431,010  
Quantum Computing *(A)     2,128,950       25,462,242  
Salesforce     743,577       142,097,565  
Seagate Technology Holdings PLC     169,084       148,760,103  

 

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

46

 

Schedule of Investments   May 31, 2026 (Unaudited)
Global X Artificial Intelligence & Technology ETF

 

    Shares     Value  
COMMON STOCK — continued                
Information Technology — continued                
ServiceNow *     824,056     $ 102,487,845  
Snowflake, Cl A *     270,780       69,197,829  
SoundHound AI, Cl A *(A)     2,343,500       21,091,500  
Super Micro Computer *     787,458       36,293,939  
Synopsys *     151,508       72,060,235  
Teradata *     854,181       29,084,863  
Twilio, Cl A *     202,520       38,608,413  
UiPath, Cl A *     1,686,711       19,768,253  
Workday, Cl A *     168,005       24,560,651  
Zebra Technologies, Cl A *     103,114       25,121,664  
Zscaler *     126,260       17,642,310  
              5,937,588,579  
TOTAL UNITED STATES             7,512,142,664  
TOTAL COMMON STOCK
(Cost $7,359,135,041)
            10,850,089,789  
               
    Face Amount          
REPURCHASE AGREEMENTS(B) — 0.6%                
Citadel Securities LLC
3.680%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $14,248,947 (collateralized by various U.S. Treasury Obligations, ranging in par value $588 - $1,112,787, 0.000% - 6.125%, 06/09/2026 - 05/15/2056, with a total market value of $14,491,023)
  $ 14,244,579       14,244,579  
Citigroup Global Markets, Inc.
3.610%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $2,784,392 (collateralized by various U.S. Treasury Obligations, ranging in par value $466,447 - $2,375,696, 1.625% - 4.125%, 11/30/2029 - 05/15/2031, with a total market value of $2,790,479)
    2,783,555       2,783,555  

 

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

47

 

Schedule of Investments   May 31, 2026 (Unaudited)
Global X Artificial Intelligence & Technology ETF

 

    Face Amount     Value  
REPURCHASE AGREEMENTS(B) — continued                
Daiwa Capital Markets America, Inc.
3.610%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $854,932 (collateralized by various U.S. Treasury Obligations, ranging in par value $4,843 - $488,880, 1.250% - 4.250%, 11/30/2026 - 08/15/2051, with a total market value of $861,823)
  $ 854,675     $ 854,675  
Daiwa Capital Markets America, Inc.
3.620%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $13,393,943 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $5,311 - $3,554,198, 1.500% - 6.500%, 05/01/2031 - 05/01/2056, with a total market value of $13,607,029)
    13,389,904       13,389,904  
Natwest Markets Securities, Inc.
3.630%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $13,393,954 (collateralized by various U.S. Government Obligations, ranging in par value $304,984 - $8,421,735, 4.174% - 6.379%, 08/01/2035 - 08/01/2055, with a total market value of $13,608,222)
    13,389,904       13,389,904  
Nomura Securities International, Inc.
3.620%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $2,563,482 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $1,400 - $512,637, 0.000% - 7.500%, 07/15/2026 - 02/15/2056, with a total market value of $2,610,140)
    2,562,709       2,562,709  

 

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

48

 

Schedule of Investments   May 31, 2026 (Unaudited)
Global X Artificial Intelligence & Technology ETF

 

    Face Amount     Value  
REPURCHASE AGREEMENTS(B) — continued                
RBC Dominion Securities, Inc.
3.620%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $13,393,943 (collateralized by various U.S. Government Obligations, ranging in par value $3,562 - $4,374,715, 2.000% - 6.500%, 04/01/2039 - 05/01/2056, with a total market value of $13,605,914)
  $ 13,389,904     $ 13,389,904  
TOTAL REPURCHASE AGREEMENTS
(Cost $60,615,230)
            60,615,230  
TOTAL INVESTMENTS — 100.4%
(Cost $7,419,750,271)
          $ 10,910,705,019  

 

Percentages are based on Net Assets of $10,862,855,259.

 

* Non-income producing security.
(A) This security or a partial position of this security is on loan at May 31, 2026. The total market value of securities on loan at May 31, 2026 was $98,907,529.
(B) These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2026 was $60,615,230. The total value of non-cash collateral held from securities on loan as of May 31, 2026 was $38,513,631.

 

The following is a summary of the level of inputs used as of May 31, 2026, in valuing the Fund’s investments carried at value:

 

Investments in Securities   Level 1     Level 2     Level 3     Total  
Common Stock   $ 10,850,089,789     $     $     $ 10,850,089,789  
Repurchase Agreements           60,615,230             60,615,230  
Total Investments in Securities   $ 10,850,089,789     $ 60,615,230     $     $ 10,910,705,019  

 

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.

49

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Genomics & Biotechnology ETF

 

    Shares     Value  
COMMON STOCK — 99.8%                
AUSTRALIA — 0.4%                
Health Care — 0.4%                
Benitec Biopharma *(A)     19,498     $ 225,397  
                 
CHINA — 1.9%                
Health Care — 1.9%                
Genscript Biotech *(A)     638,818       1,115,042  
                 
GERMANY — 3.4%                
Health Care — 3.4%                
BioNTech ADR *     21,080       2,022,626  
                 
NETHERLANDS — 1.6%                
Health Care — 1.6%                
uniQure *(A)     33,134       945,313  
                 
SWITZERLAND — 3.9%                
Health Care — 3.9%                
CRISPR Therapeutics *(A)     40,571       2,279,279  
                 
UNITED KINGDOM — 1.8%                
Health Care — 1.8%                
AstraZeneca PLC     5,833       1,085,191  
                 
UNITED STATES — 86.8%                
Health Care — 86.8%                
10X Genomics, Cl A *(A)     67,634       1,914,380  
Agilent Technologies     1,651       223,760  
Arrowhead Pharmaceuticals *     30,970       2,412,873  
Beam Therapeutics *(A)     55,568       1,829,854  
Billiontoone, Cl A *     11,814       1,169,468  
BioMarin Pharmaceutical *     42,277       2,422,049  
Bio-Techne     39,079       2,019,603  
Bristol-Myers Squibb     11,973       684,616  
Bruker     4,308       253,698  
CareDx *     27,338       623,853  
Caribou Biosciences *     72,454       170,992  

 

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

50

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Genomics & Biotechnology ETF

 

      Shares       Value  
COMMON STOCK — continued                
Health Care — continued                
Caris Life Sciences *(A)     71,976     $ 1,203,439  
Danaher     3,797       693,598  
Editas Medicine, Cl A *     58,155       201,216  
Eli Lilly     1,239       1,369,095  
Fulgent Genetics *     11,723       212,655  
GeneDx Holdings, Cl A *     15,385       799,866  
Gilead Sciences     8,611       1,157,577  
Guardant Health *     25,557       3,314,487  
Illumina *     17,541       2,858,481  
Intellia Therapeutics *(A)     67,075       943,745  
Legend Biotech ADR *     88,279       2,397,658  
Maravai LifeSciences Holdings, Cl A *(A)     62,492       299,962  
Mesa Laboratories     1,687       172,108  
Moderna *     41,170       1,942,812  
Myriad Genetics *     52,027       206,547  
Natera *     11,014       2,460,197  
Pacific Biosciences of California *(A)     160,920       239,771  
Personalis *(A)     40,883       466,066  
Praxis Precision Medicines *     6,787       2,375,246  
Prime Medicine *(A)     56,436       200,348  
QIAGEN     57,269       2,095,473  
Quest Diagnostics     838       163,326  
REGENXBIO *(A)     27,512       192,859  
Rocket Pharmaceuticals *     61,221       187,949  
Sarepta Therapeutics *     59,633       1,065,642  
Standard BioTools *     181,482       208,704  
Stoke Therapeutics *     27,870       861,462  
Twist Bioscience *     35,152       2,350,614  
Ultragenyx Pharmaceutical *     55,695       1,333,338  
Veracyte *     46,537       2,156,525  
Vertex Pharmaceuticals *     5,231       2,341,082  
Vir Biotechnology *     68,946       657,745  
WaVe Life Sciences *     92,705       609,999  
                 
TOTAL UNITED STATES             51,464,738  
TOTAL COMMON STOCK
(Cost $68,083,875)
            59,137,586  

 

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

51

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Genomics & Biotechnology ETF

 

    Face Amount     Value  
REPURCHASE AGREEMENTS(B) — 2.9%                
Citadel Securities LLC
3.680%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $399,734 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $16 - $31,218, 0.000% - 6.125%, 06/09/2026 - 05/15/2056, with a total market value of $406,525)
  $ 399,611     $ 399,611  
Daiwa Capital Markets America, Inc.
3.620%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $375,747 (collateralized by various U.S. Treasury Obligations, ranging in par value $149 - $99,708, 1.500% - 6.500%, 05/01/2031 - 05/01/2056, with a total market value of $381,725)
    375,634       375,634  
Deutsche Bank Securities, Inc.
3.610%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $79,521 (collateralized by various U.S. Government Obligations, ranging in par value $27,597 - $55,478, 4.250% - 4.625%, 05/15/2039 - 02/15/2040, with a total market value of $80,634)
    79,497       79,497  
Natwest Markets Securities, Inc.
3.630%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $375,748 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $8,556 - $236,259, 4.174% - 6.379%, 08/01/2035 - 08/01/2055, with a total market value of $381,759)
    375,634       375,634  
Nomura Securities International, Inc.
3.620%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $70,508 (collateralized by various U.S. Government Obligations, ranging in par value $39 - $14,100, 0.000% - 7.500%, 07/15/2026 - 02/15/2056, with a total market value of $71,792)
    70,487       70,487  

 

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

52

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Genomics & Biotechnology ETF

 

    Face Amount     Value  
REPURCHASE AGREEMENTS(B) — continued                
RBC Dominion Securities, Inc.
3.610%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $23,984 (collateralized by various, ranging in par value $147 - $13,523, 0.000% - 4.625%, 02/15/2034 - 08/15/2046, with a total market value of $24,455)
  $ 23,977     $ 23,977  
RBC Dominion Securities, Inc.
3.620%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $375,747 (collateralized by various U.S. Treasury Obligations, ranging in par value $100 - $122,726, 2.000% - 6.500%, 04/01/2039 - 05/01/2056, with a total market value of $381,694)
    375,634       375,634  
TOTAL REPURCHASE AGREEMENTS
(Cost $1,700,474)
            1,700,474  
TOTAL INVESTMENTS — 102.7%
(Cost $69,784,349)
          $ 60,838,060  

 

Percentages are based on Net Assets of $59,262,437.

 

* Non-income producing security.
(A) This security or a partial position of this security is on loan at May 31, 2026. The total market value of securities on loan at May 31, 2026 was $6,768,940.
(B) These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2026 was $1,700,474. The total value of non-cash collateral held from securities on loan as of May 31, 2026 was $5,163,794.

 

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

53

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Genomics & Biotechnology ETF

 

The following is a summary of the level of inputs used as of May 31, 2026, in valuing the Fund’s investments carried at value:

 

Investments in Securities   Level 1     Level 2     Level 3     Total  
Common Stock   $ 59,137,586     $     $     $ 59,137,586  
Repurchase Agreements           1,700,474             1,700,474  
Total Investments in Securities   $ 59,137,586     $ 1,700,474     $     $ 60,838,060  

 

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.

54

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Cloud Computing ETF

 

    Shares     Value  
COMMON STOCK — 99.9%                
CANADA — 3.3%                
Information Technology — 3.3%                
Shopify, Cl A *     75,171     $ 8,923,549  
                 
CHINA — 2.5%                
Consumer Discretionary — 0.3%                
Alibaba Group Holding ADR     5,987       743,705  
                 
Information Technology — 2.2%                
Kingsoft Cloud Holdings ADR *(A)     44,242       543,292  
Vnet Group ADR, Cl A *     536,089       5,403,777  
              5,947,069  
TOTAL CHINA             6,690,774  
ISRAEL — 2.2%                
Information Technology — 2.2%                
Wix.com *     105,561       5,917,750  
                 
JAPAN — 0.3%                
Information Technology — 0.3%                
Oracle Japan *     12,444       673,597  
                 
UNITED STATES — 91.6%                
Communication Services — 2.0%                
Alphabet, Cl A     11,835       4,501,324  
PubMatic, Cl A *     71,911       839,920  
              5,341,244  
Consumer Discretionary — 1.7%                
Amazon.com *     17,178       4,649,054  
                 
Industrials — 3.7%                
Paycom Software     71,832       10,032,776  
                 
Information Technology — 81.0%                
Akamai Technologies *     88,424       13,222,925  
Box, Cl A *     265,490       7,157,610  
C3.ai, Cl A *     271,896       2,928,320  

 

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

55

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Cloud Computing ETF

 

    Shares     Value  
COMMON STOCK — continued                
Information Technology — continued                
Cloudflare, Cl A *     44,427     $ 10,743,337  
Datadog, Cl A *     68,884       17,038,457  
DigitalOcean Holdings *     94,426       14,725,735  
Dropbox, Cl A *     313,075       8,415,456  
Fastly, Cl A *     299,853       5,326,889  
Five9 *     146,819       3,575,043  
Freshworks, Cl A *     467,716       4,541,522  
HubSpot *     41,064       9,059,950  
International Business Machines     2,884       858,855  
Microsoft     11,164       5,026,479  
Oracle     7,172       1,619,294  
Procore Technologies *     160,939       7,964,871  
Qualys *     68,409       7,476,420  
Salesforce     51,580       9,856,938  
ServiceNow *     103,113       12,824,164  
Sinch *     1,480,089       6,344,670  
Snowflake, Cl A *     66,724       17,051,318  
SPS Commerce *     70,886       4,022,780  
Twilio, Cl A *     61,503       11,724,932  
Workday, Cl A *     74,393       10,875,513  
Workiva, Cl A *     101,243       5,039,877  
Yext *     230,914       965,221  
Zoom Communications, Cl A *     93,729       9,521,929  
Zscaler *     69,678       9,736,107  
              217,644,612  
Real Estate — 3.2%                
Digital Realty Trust     45,317       8,610,230  
                 
TOTAL UNITED STATES             246,277,916  
TOTAL COMMON STOCK
(Cost $334,825,782)
            268,483,586  

 

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

56

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Cloud Computing ETF

 

    Shares     Value  
SHORT-TERM INVESTMENT(B)(C) — 0.2%                
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 3.550%
(Cost $517,335)
    517,335     $ 517,335  
TOTAL INVESTMENTS — 100.1%
(Cost $335,343,117)
          $ 269,000,921  

 

Percentages are based on Net Assets of $268,750,604.

 

* Non-income producing security.
Real Estate Investment Trust
(A) This security or a partial position of this security is on loan at May 31, 2026. The total market value of securities on loan at May 31, 2026 was $202,350.
(B) These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2026 was $517,335. The total value of non-cash collateral held from securities on loan as of May 31, 2026 was $0.
(C) The rate reported on the Schedule of Investments is the 7-day effective yield as of May 31, 2026.
 

As of May 31, 2026, all of the Fund’s investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

 

See “Glossary” for abbreviations.

 

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

57

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Cybersecurity ETF

 

    Shares     Value  
COMMON STOCK — 99.9%                
ISRAEL — 6.1%                
Information Technology — 6.1%                
Check Point Software Technologies *     348,968     $ 47,128,129  
Radware *     801,189       24,308,074  
                 
TOTAL ISRAEL             71,436,203  
JAPAN — 5.1%                
Information Technology — 5.1%                
Amiya (A)     138,965       2,941,843  
Digital Arts     262,687       6,567,588  
FFRI Security (A)     150,333       5,552,849  
Hennge (A)     424,038       2,946,077  
Trend Micro (A)     1,123,228       42,405,932  
                 
TOTAL JAPAN             60,414,289  
SOUTH KOREA — 0.7%                
Information Technology — 0.7%                
Ahnlab     204,879       8,293,045  
                 
TAIWAN — 0.9%                
Information Technology — 0.9%                
Gorilla Technology Group *(A)     507,167       10,386,780  
                 
UNITED KINGDOM — 1.1%                
Information Technology — 1.1%                
Arqit Quantum *(A)     179,951       2,970,991  
NCC Group (A)     5,213,172       10,020,601  
                 
TOTAL UNITED KINGDOM             12,991,592  
UNITED STATES — 86.0%                
Information Technology — 86.0%                
A10 Networks     1,331,823       40,141,145  
Akamai Technologies *     508,159       75,990,097  
CommVault Systems *     396,968       47,139,950  
Crowdstrike Holdings, Cl A *     117,400       85,819,400  
Fortinet *     620,718       85,640,462  
Gen Digital     2,034,700       52,474,913  
Netskope, Cl A *     3,940,732       47,840,487  

 

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

58

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Cybersecurity ETF

 

    Shares     Value  
COMMON STOCK — continued                
Information Technology — continued                
Okta, Cl A *     710,587     $ 87,594,060  
OneSpan     687,119       9,921,998  
Palo Alto Networks *     291,858       82,213,480  
Qualys *     451,519       49,346,512  
Rapid7 *     1,224,594       10,262,098  
Rubrik, Cl A *     738,047       58,032,636  
SailPoint *(A)     3,436,915       64,717,109  
SentinelOne, Cl A *     2,771,886       45,874,713  
Telos *     1,437,375       6,885,026  
Tenable Holdings *     1,878,874       53,040,613  
Varonis Systems, Cl B *     1,492,368       50,964,367  
Zscaler *     400,442       55,953,761  
                 
TOTAL UNITED STATES             1,009,852,827  
TOTAL COMMON STOCK
(Cost $1,061,674,753)
            1,173,374,736  
                 
    Face Amount          
REPURCHASE AGREEMENTS(B) — 1.2%                
Citadel Securities LLC
3.680%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $3,236,257 (collateralized by various U.S. Treasury Obligations, ranging in par value $133 - $252,739, 0.000% - 6.125%, 06/09/2026 - 05/15/2056, with a total market value of $3,291,238)
  $ 3,235,265       3,235,265  
Daiwa Capital Markets America, Inc.
3.620%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $3,042,066 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $1,206 - $807,238, 1.500% - 6.500%, 05/01/2031 - 05/01/2056, with a total market value of $3,090,463)
    3,041,149       3,041,149  

 

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

59

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Cybersecurity ETF

 

    Face Amount     Value  
REPURCHASE AGREEMENTS(B) — continued                
Deutsche Bank Securities, Inc.
3.610%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $633,159 (collateralized by various U.S. Treasury Obligations, ranging in par value $219,736 - $441,726, 4.250% - 4.625%, 05/15/2039 - 02/15/2040, with a total market value of $642,023)
  $ 632,969     $ 632,969  
Natwest Markets Securities, Inc.
3.630%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $3,042,069 (collateralized by various U.S. Government Obligations, ranging in par value $69,269 - $1,912,766, 4.174% - 6.379%, 08/01/2035 - 08/01/2055, with a total market value of $3,090,734)
    3,041,149       3,041,149  
Nomura Securities International, Inc.
3.620%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $581,463 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $318 - $116,279, 0.000% - 7.500%, 07/15/2026 - 02/15/2056, with a total market value of $592,047)
    581,288       581,288  
RBC Dominion Securities, Inc.
3.610%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $194,174 (collateralized by various U.S. Treasury Obligations, ranging in par value $1,190 - $109,483, 0.000% - 4.625%, 02/15/2034 - 08/15/2046, with a total market value of $197,983)
    194,116       194,116  

 

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

60

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Cybersecurity ETF

 

    Face Amount     Value  
REPURCHASE AGREEMENTS(B) — continued                
RBC Dominion Securities, Inc.
3.620%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $3,042,066 (collateralized by various U.S. Government Obligations, ranging in par value $809 - $993,596, 2.000% - 6.500%, 04/01/2039 - 05/01/2056, with a total market value of $3,090,210)
  $ 3,041,149     $ 3,041,149  
TOTAL REPURCHASE AGREEMENTS
(Cost $13,767,085)
            13,767,085  
TOTAL INVESTMENTS — 101.1%
(Cost $1,075,441,838)
          $ 1,187,141,821  

 

Percentages are based on Net Assets of $1,174,412,219.

 

* Non-income producing security.
(A) This security or a partial position of this security is on loan at May 31, 2026. The total market value of securities on loan at May 31, 2026 was $23,046,344.
(B) These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2026 was $13,767,085. The total value of non-cash collateral held from securities on loan as of May 31, 2026 was $8,620,091.

 

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

61

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Cybersecurity ETF

 

A list of the open futures contracts held by the Fund at May 31, 2026, is as follows:

 

Type of Contract   Number of
Contracts
  Expiration
Date
  Notional Amount     Value     Unrealized
Appreciation
Long Contracts                              
NASDAQ 100 Index E-Mini   2   Jun-2026   $ 995,798     $ 1,216,210     $ 220,412

 

The following is a summary of the level of inputs used as of May 31, 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   $ 1,173,374,736     $     $     $ 1,173,374,736  
Repurchase Agreements           13,767,085             13,767,085  
Total Investments in Securities   $ 1,173,374,736     $ 13,767,085     $     $ 1,187,141,821  
                                 
Other Financial Instruments   Level 1     Level 2     Level 3     Total  
Futures Contracts*                                
Unrealized Appreciation   $ 220,412     $     $     $ 220,412  
Total Other Financial Instruments   $ 220,412     $     $     $ 220,412  

 

* Futures contracts are valued at the unrealized appreciation on the instrument.

 

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.

62

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Dorsey Wright Thematic ETF

 

    Shares     Value  
EXCHANGE-TRADED FUNDS — 100.1%                
Domestic Equity — 42.7%                
Global X Artificial Intelligence & Technology ETF (A)(B)(C)     26,586     $ 1,789,769  
Global X Blockchain ETF (B)(C)(D)     20,096       1,848,229  
            3,637,998  
International Equity — 57.4%                
Global X Data Center & Digital Infrastructure ETF (B)(C)(E)     51,514       1,627,327  
Global X Hydrogen ETF (B)(F)     25,426       1,789,144  
Global X Lithium & Battery Tech ETF (B)(C)(G)     16,837       1,467,345  
            4,883,816  
TOTAL EXCHANGE-TRADED FUNDS
(Cost $6,396,045)
            8,521,814  
               
    Face Amount          
REPURCHASE AGREEMENTS(H) — 20.6%                
Citadel Securities LLC
3.680%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $412,246 (collateralized by various U.S. Treasury Obligations, ranging in par value $17 - $32,195, 0.000% - 6.125%, 06/09/2026 - 05/15/2056, with a total market value of $419,250)
  $ 412,120       412,120  
Daiwa Capital Markets America, Inc.
3.620%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $387,510 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $154 - $102,829, 1.500% - 6.500%, 05/01/2031 - 05/01/2056, with a total market value of $393,675)
    387,393       387,393  
Deutsche Bank Securities, Inc.
3.610%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $82,004 (collateralized by various U.S. Treasury Obligations, ranging in par value $28,459 - $57,210, 4.250% - 4.625%, 05/15/2039 - 02/15/2040, with a total market value of $83,152)
    81,979       81,979  

 

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

63

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Dorsey Wright Thematic ETF

 

    Face Amount     Value  
REPURCHASE AGREEMENTS(H) — continued                
Natwest Markets Securities, Inc.
3.630%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $387,510 (collateralized by various U.S. Government Obligations, ranging in par value $8,824 - $243,655, 4.174% - 6.379%, 08/01/2035 - 08/01/2055, with a total market value of $393,709)
  $ 387,393     $ 387,393  
Nomura Securities International, Inc.
3.620%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $72,723 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $40 - $14,543, 0.000% - 7.500%, 07/15/2026 - 02/15/2056, with a total market value of $74,047)
    72,701       72,701  
RBC Dominion Securities, Inc.
3.610%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $24,734 (collateralized by various U.S. Treasury Obligations, ranging in par value $152 - $13,946, 0.000% - 4.625%, 02/15/2034 - 08/15/2046, with a total market value of $25,220)
    24,727       24,727  
RBC Dominion Securities, Inc.
3.620%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $387,510 (collateralized by various U.S. Government Obligations, ranging in par value $103 - $126,568, 2.000% - 6.500%, 04/01/2039 - 05/01/2056, with a total market value of $393,643)
    387,393       387,393  
TOTAL REPURCHASE AGREEMENTS
(Cost $1,753,706)
            1,753,706  
TOTAL INVESTMENTS — 120.7%
(Cost $8,149,751)
          $ 10,275,520  

 

Percentages are based on Net Assets of $8,514,071.

 

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

64

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Dorsey Wright Thematic ETF

 

(A) For financial information on the Global X Artificial Intelligence & Technology ETF, please go to the Fund’s website at https://www.globalxetfs.com/explore/.
(B) Affiliated investment.
(C) This security or a partial position of this security is on loan at May 31, 2026. The total market value of securities on loan at May 31, 2026 was $1,710,913.
(D) For financial information on the Global X Blockchain ETF, please go to the Fund’s website at https://www.globalxetfs.com/explore/.
(E) For financial information on the Global X Data Center & Digital Infrastructure ETF, please go to the Fund’s website at https://www.globalxetfs.com/explore/.
(F) For financial information on the Global X Hydrogen ETF, please go to the Fund’s website at https://www.globalxetfs.com/explore/.
(G) For financial information on the Global X Lithium & Battery Tech ETF, please go to the Fund’s website at https://www.globalxetfs.com/explore/.
(H) These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2026 was $1,753,706. The total value of non-cash collateral held from securities on loan as of May 31, 2026 was $0.

 

The following is a summary of the level of inputs used as of May 31, 2026, in valuing the Fund’s investments carried at value:

 

Investments in Securities   Level 1     Level 2     Level 3     Total  
Exchange-Traded Funds   $ 8,521,814     $     $     $ 8,521,814  
Repurchase Agreements           1,753,706             1,753,706  
Total Investments in Securities   $ 8,521,814     $ 1,753,706     $     $ 10,275,520  

 

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

65

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Dorsey Wright Thematic ETF

 

The following is a summary of the Fund’s transactions with affiliates for the period ended May 31, 2026:

Value
11/30/2025
  Purchases
at Cost
  Proceeds
from Sales
  Change in
Unrealized
Appreciation
(Depreciation)
  Realized Gain
(Loss)
  Value
5/31/2026
  Income   Capital Gains  
Global X Data Center & Digital Infrastructure ETF                                  
$     $ 1,769,802     $ (489,973)   $ 295,935     $ 51,563     $ 1,627,327     $     $  
Global X Defense Tech ETF                                  
        1,569,171       (1,444,335)           (124,836 )                  
Global X E-commerce ETF                                  
  1,953,138             (1,750,742)     (247,205 )     44,809             3,772        
Global X Hydrogen ETF                                  
  1,694,598       1,822,841       (2,651,539)     877,774       45,470       1,789,144       39,615        
Global X Lithium & Battery Tech ETF                                  
  2,047,727       215,074       (1,296,292)     288,048       212,788       1,467,345       5,256        
Global X Social Media ETF                                  
        1,692,715       (1,381,103)           (311,612)                  
Global X Artificial Intelligence & Technology ETF                                  
  1,899,554       271,724       (850,512)     231,567       237,436       1,789,769       1,566        
Global X Blockchain ETF                                  
  1,551,635       2,151,632       (1,718,572)     453,713       (590,179)     1,848,229       21,353        
Global X Millennial Consumer ETF                                  
        1,660,866       (1,505,616)           (155,250)                  
Totals:                                                          
$ 9,146,652     $ 11,153,825     $ (13,088,684)   $ 1,899,832     $ (589,811 )   $ 8,521,814     $ 71,562     $  

 

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.

66

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Video Games & Esports ETF

 

    Shares     Value  
COMMON STOCK — 99.6%                
CHINA — 17.9%                
Communication Services — 17.9%                
Bilibili ADR *(A)     109,005     $ 1,887,967  
Boyaa Interactive International (A)     491,700       144,297  
China Ruyi Holdings *(A)     7,065,900       1,226,124  
HUYA ADR     63,623       159,057  
iDreamSky Technology Holdings *(A)     2,954,000       135,688  
Kingsoft     738,700       1,996,283  
NetDragon Websoft Holdings     182,100       204,466  
NetEase ADR     33,947       4,169,370  
Tanwan *(A)     131,600       231,720  
XD (A)     215,400       1,397,541  
                 
TOTAL CHINA             11,552,513  
FRANCE — 3.1%                
Communication Services — 3.1%                
Ubisoft Entertainment *(A)     71,027       466,976  
Vivendi     554,570       1,520,824  
                 
TOTAL FRANCE             1,987,800  
JAPAN — 27.5%                
Communication Services — 25.0%                
Capcom     152,468       2,888,645  
DeNA     56,174       939,703  
GungHo Online Entertainment     24,108       337,715  
Koei Tecmo Holdings (A)     83,427       776,150  
Konami Group     25,830       3,071,562  
Nexon     132,822       1,868,970  
Nintendo     70,578       3,169,116  
Square Enix Holdings     190,051       3,053,304  
              16,105,165  
Consumer Discretionary — 2.5%                
Sega Sammy Holdings     112,722       1,636,059  
                 
TOTAL JAPAN             17,741,224  

 

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

67

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Video Games & Esports ETF

 

    Shares     Value  
COMMON STOCK — continued                
POLAND — 4.6%                
Communication Services — 4.6%                
CD Projekt     45,951     $ 2,951,075  
                 
SINGAPORE — 0.4%                
Communication Services — 0.4%                
IGG     569,400       241,203  
                 
SOUTH KOREA — 12.8%                
Communication Services — 12.8%                
Devsisters *     10,710       115,060  
Kakao Games *     35,291       222,472  
Krafton     21,535       3,679,670  
NC     13,274       2,549,982  
Netmarble     19,969       563,160  
Nexon Games *     27,913       195,224  
Pearl Abyss *     25,522       739,240  
Wemade     15,373       199,329  
                 
TOTAL SOUTH KOREA             8,264,137  
SWEDEN — 2.6%                
Communication Services — 2.6%                
Embracer Group, Cl B *     103,183       786,284  
Modern Times Group MTG, Cl B *     64,942       936,861  
                 
TOTAL SWEDEN             1,723,145  
TAIWAN — 5.5%                
Communication Services — 5.5%                
International Games System     147,400       3,547,895  
                 
UNITED STATES — 25.2%                
Communication Services — 18.3%                
Electronic Arts     22,923       4,624,028  
Playtika Holding     66,737       251,598  
ROBLOX, Cl A *     54,092       2,550,438  
Take-Two Interactive Software *     19,637       4,401,830  
              11,827,894  

 

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

68

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Video Games & Esports ETF

 

    Shares     Value  
COMMON STOCK — continued                
Information Technology — 6.9%                
Corsair Gaming *(A)     41,044     $ 498,274  
Immersion     36,041       233,546  
Turtle Beach *(A)     17,105       223,049  
Unity Software *     115,277       3,512,490  
              4,467,359  
TOTAL UNITED STATES             16,295,253  
TOTAL COMMON STOCK
(Cost $82,309,227)
            64,304,245  
                 
    Face Amount          
REPURCHASE AGREEMENTS(B) — 7.7%                
Citadel Securities LLC
3.680%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $1,173,771 (collateralized by various U.S. Government Obligations, ranging in par value $48 - $91,667, 0.000% - 6.125%, 06/09/2026 - 05/15/2056, with a total market value of $1,193,712)
  $ 1,173,411       1,173,411  
Daiwa Capital Markets America, Inc.
3.620%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $1,103,340 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $438 - $292,781, 1.500% - 6.500%, 05/01/2031 - 05/01/2056, with a total market value of $1,120,893)
    1,103,007       1,103,007  
Deutsche Bank Securities, Inc.
3.610%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $229,906 (collateralized by various U.S. Government Obligations, ranging in par value $79,788 - $160,395, 4.250% - 4.625%, 05/15/2039 - 02/15/2040, with a total market value of $233,125)
    229,837       229,837  

 

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

69

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Video Games & Esports ETF

 

    Face Amount     Value  
REPURCHASE AGREEMENTS(B) — continued                
Natwest Markets Securities, Inc.
3.630%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $1,103,341 (collateralized by various U.S. Treasury Obligations, ranging in par value $25,123 - $693,749, 4.174% - 6.379%, 08/01/2035 - 08/01/2055, with a total market value of $1,120,991)
  $ 1,103,007     $ 1,103,007  
Nomura Securities International, Inc.
3.620%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $210,632 (collateralized by various, ranging in par value $115 - $42,121, 0.000% - 7.500%, 07/15/2026 - 02/15/2056, with a total market value of $214,465)
    210,568       210,568  
RBC Dominion Securities, Inc.
3.610%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $70,425 (collateralized by various, ranging in par value $432 - $39,708, 0.000% - 4.625%, 02/15/2034 - 08/15/2046, with a total market value of $71,806)
    70,404       70,404  
RBC Dominion Securities, Inc.
3.620%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $1,103,340 (collateralized by various, ranging in par value $293 - $360,372, 2.000% - 6.500%, 04/01/2039 - 05/01/2056, with a total market value of $1,120,801)
    1,103,007       1,103,007  
TOTAL REPURCHASE AGREEMENTS
(Cost $4,993,241)
            4,993,241  
TOTAL INVESTMENTS — 107.3%
(Cost $87,302,468)
          $ 69,297,486  

 

Percentages are based on Net Assets of $64,565,526.

 

* Non-income producing security.
(A) This security or a partial position of this security is on loan at May 31, 2026. The total market value of securities on loan at May 31, 2026 was $4,913,615.

 

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

70

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Video Games & Esports ETF

 

(B) These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2026 was $4,993,241. The total value of non-cash collateral held from securities on loan as of May 31, 2026 was $273,130.

 

The following is a summary of the level of inputs used as of May 31, 2026, in valuing the Fund’s investments carried at value:

 

Investments in Securities   Level 1     Level 2     Level 3     Total  
Common Stock   $ 64,304,245     $     $     $ 64,304,245  
Repurchase Agreements           4,993,241             4,993,241  
Total Investments in Securities   $ 64,304,245     $ 4,993,241     $     $ 69,297,486  

 

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.

71

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X HealthTech ETF

 

    Shares     Value  
COMMON STOCK — 99.8%                
AUSTRALIA — 5.6%                
Health Care — 5.6%                
4DMedical *     146,738     $ 419,146  
Pro Medicus     10,409       990,534  
                 
TOTAL AUSTRALIA             1,409,680  
CHINA — 2.7%                
Consumer Staples — 2.7%                
Alibaba Health Information Technology *     1,475,400       683,352  
                 
DENMARK — 3.1%                
Health Care — 3.1%                
Demant *(A)     19,938       778,928  
                 
NETHERLANDS — 4.1%                
Health Care — 4.1%                
Koninklijke Philips     38,650       1,031,503  
                 
SOUTH KOREA — 0.6%                
Health Care — 0.6%                
Seers *     7,129       150,196  
                 
SWEDEN — 0.8%                
Health Care — 0.8%                
Xvivo Perfusion *     6,320       189,465  
                 
UNITED STATES — 82.9%                
Financials — 4.6%                
Oscar Health, Cl A *     51,902       1,153,781  
                 
Health Care — 78.3%                
Alignment Healthcare *     44,344       679,350  
Astrana Health *     9,010       338,956  
Butterfly Network, Cl A *     47,318       215,297  
Clover Health Investments, Cl A *     87,430       347,971  
Dexcom *     16,599       1,224,010  
Doximity, Cl A *     29,929       640,481  

 

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

72

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X HealthTech ETF

 

    Shares     Value  
COMMON STOCK — continued                
Health Care — continued                
GE HealthCare Technologies     16,758     $ 1,044,694  
HeartFlow *     16,101       498,809  
Hims & Hers Health *(A)     37,313       975,735  
Hinge Health, Cl A *     7,904       444,284  
Inspire Medical Systems *     6,150       254,364  
Insulet *     5,843       846,884  
Intuitive Surgical *     2,224       944,399  
IQVIA Holdings *     6,483       1,181,267  
IRhythm Holdings *     7,705       877,600  
Kestra Medical Technologies *     6,213       132,088  
LifeStance Health Group *     39,973       308,192  
Masimo *     5,706       1,018,236  
Novocure *     19,356       329,826  
Nurix Therapeutics *     22,874       406,242  
Omnicell *     8,999       397,216  
Privia Health Group *     26,805       576,576  
Procept BioRobotics *     13,227       348,267  
Recursion Pharmaceuticals, Cl A *(A)     122,490       439,739  
ResMed     4,967       946,561  
Schrodinger *     14,819       225,249  
Tandem Diabetes Care *     17,223       296,236  
Teladoc Health *     38,782       295,131  
Tempus AI, Cl A *     18,596       938,540  
TransMedics Group *     9,107       611,990  
Veeva Systems, Cl A *     5,934       1,034,534  
Waystar Holding *     39,327       783,001  
              19,601,725  
TOTAL UNITED STATES             20,755,506  
TOTAL COMMON STOCK
(Cost $40,080,581)
            24,998,630  

 

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

73

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X HealthTech ETF

 

    Shares     Value  
SHORT-TERM INVESTMENT(B)(C) — 4.5%                
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 3.550%
(Cost $1,116,453)
    1,116,453     $ 1,116,453  
TOTAL INVESTMENTS — 104.3%
(Cost $41,197,034)
          $ 26,115,083  

 

Percentages are based on Net Assets of $25,041,461.

 

* Non-income producing security.
(A) This security or a partial position of this security is on loan at May 31, 2026. The total market value of securities on loan at May 31, 2026 was $1,093,119.
(B) These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2026 was $1,116,453. The total value of non-cash collateral held from securities on loan as of May 31, 2026 was $0.
(C) The rate reported on the Schedule of Investments is the 7-day effective yield as of May 31, 2026.

 

As of May 31, 2026, all of the Fund’s investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

 

See “Glossary” for abbreviations.

 

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

74

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X ClimateTech ETF (formerly, Gobal X CleanTech ETF)

 

    Shares     Value  
COMMON STOCK — 99.9%                
CANADA — 2.1%                
Industrials — 1.3%                
Ballard Power Systems *     67,608     $ 425,254  
                 
Information Technology — 0.8%                
Canadian Solar *(A)     15,056       285,914  
                 
TOTAL CANADA             711,168  
CHINA — 14.4%                
Industrials — 10.5%                
Beijing Sinohytec, Cl H *     25,050       49,030  
China Everbright Environment Group     1,378,500       937,480  
Contemporary Amperex Technology, Cl H (A)     19,700       1,871,367  
Dongfang Electric, Cl H (A)     91,700       375,814  
Goldwind Science & Technology, Cl H     173,600       303,679  
              3,537,370  
Information Technology — 3.9%                
Daqo New Energy ADR *     15,075       250,848  
Flat Glass Group, Cl H (A)     99,400       105,140  
JinkoSolar Holding ADR     11,612       270,676  
Xinyi Solar Holdings (A)     2,052,900       699,370  
              1,326,034  
TOTAL CHINA             4,863,404  
DENMARK — 5.2%                
Industrials — 5.2%                
Vestas Wind Systems     62,360       1,753,184  
                 
GERMANY — 5.0%                
Industrials — 5.0%                
Nordex *     22,814       1,102,190  
SMA Solar Technology *     7,817       599,778  
                 
TOTAL GERMANY             1,701,968  
SOUTH KOREA — 11.2%                
Industrials — 3.5%                
CS Wind     9,480       298,806  

 

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

75

     

Schedule of Investments May 31, 2026 (Unaudited)
Global X ClimateTech ETF (formerly, Gobal X CleanTech ETF)

 

    Shares     Value  
COMMON STOCK — continued                
Industrials — continued                
Doosan Fuel Cell *     14,723     $ 892,954  
              1,191,760  
Information Technology — 7.7%                
Samsung SDI *     5,694       2,599,517  
                 
TOTAL SOUTH KOREA             3,791,277  
SWEDEN — 3.6%                
Industrials — 3.6%                
Nibe Industrier, Cl B     310,635       1,220,234  
                 
SWITZERLAND — 1.2%                
Information Technology — 1.2%                
Landis+Gyr Group     6,510       421,586  
                 
TAIWAN — 5.4%                
Industrials — 1.8%                
Chung-Hsin Electric & Machinery Manufacturing     113,000       600,613  
                 
Information Technology — 3.6%                
Dynapack International Technology     34,300       477,400  
Simplo Technology     41,864       525,213  
United Renewable Energy *     365,000       213,811  
              1,216,424  
TOTAL TAIWAN             1,817,037  
UNITED KINGDOM — 4.7%                
Industrials — 1.5%                
Ceres Power Holdings PLC *     43,792       498,502  
                 
Materials — 3.2%                
Johnson Matthey PLC     37,895       1,082,904  
                 
TOTAL UNITED KINGDOM             1,581,406  

 

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

76

     

Schedule of Investments May 31, 2026 (Unaudited)
Global X ClimateTech ETF (formerly, Gobal X CleanTech ETF)

 

    Shares     Value  
COMMON STOCK — continued                
UNITED STATES — 47.1%                
Consumer Discretionary — 3.4%                
QuantumScape, Cl A *     129,330     $ 1,161,383  
                 
Industrials — 28.1%                
Ameresco, Cl A *     7,823       281,472  
Amprius Technologies *     30,803       624,685  
Array Technologies *(A)     34,362       312,007  
Bloom Energy, Cl A *     9,787       2,789,295  
Enovix *(A)     48,834       389,695  
Eos Energy Enterprises *(A)     76,307       643,268  
Fluence Energy, Cl A *     29,773       562,114  
Microvast Holdings *(A)     73,778       114,356  
Nextpower, Cl A *     13,272       2,075,741  
Plug Power *(A)     313,372       1,237,819  
Shoals Technologies Group, Cl A *     37,644       468,668  
              9,499,120  
Information Technology — 15.6%                
Enphase Energy *     27,080       1,851,189  
First Solar *     7,786       2,388,667  
SolarEdge Technologies *     13,571       1,036,146  
              5,276,002  
TOTAL UNITED STATES             15,936,505  
TOTAL COMMON STOCK
(Cost $48,877,430)
            33,797,769  
               
    Face Amount          
REPURCHASE AGREEMENTS(B) — 8.5%                
Citadel Securities LLC
3.680%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $673,963 (collateralized by various U.S. Treasury Obligations, ranging in par value $28 - $52,634, 0.000% - 6.125%, 06/09/2026 - 05/15/2056, with a total market value of $685,413)
  $ 673,756       673,756  

 

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

77

     

Schedule of Investments May 31, 2026 (Unaudited)
Global X ClimateTech ETF (formerly, Gobal X CleanTech ETF)

 

    Face Amount     Value  
REPURCHASE AGREEMENTS(B) — continued                
Daiwa Capital Markets America, Inc.
3.620%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $633,522 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $251 - $168,111, 1.500% - 6.500%, 05/01/2031 - 05/01/2056, with a total market value of $643,601)
  $ 633,331     $ 633,331  
Deutsche Bank Securities, Inc.
3.610%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $132,663 (collateralized by various U.S. Treasury Obligations, ranging in par value $46,040 - $92,553, 4.250% - 4.625%, 05/15/2039 - 02/15/2040, with a total market value of $134,520)
    132,623       132,623  
Natwest Markets Securities, Inc.
3.630%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $633,523 (collateralized by various U.S. Government Obligations, ranging in par value $14,425 - $398,341, 4.174% - 6.379%, 08/01/2035 - 08/01/2055, with a total market value of $643,657)
    633,331       633,331  
Nomura Securities International, Inc.
3.620%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $120,287 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $66 - $24,055, 0.000% - 7.500%, 07/15/2026 - 02/15/2056, with a total market value of $122,477)
    120,251       120,251  
RBC Dominion Securities, Inc.
3.610%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $40,437 (collateralized by various U.S. Treasury Obligations, ranging in par value $248 - $22,800, 0.000% - 4.625%, 02/15/2034 - 08/15/2046, with a total market value of $41,230)
    40,425       40,425  

 

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

78

     

Schedule of Investments May 31, 2026 (Unaudited)
Global X ClimateTech ETF (formerly, Gobal X CleanTech ETF)

 

    Face Amount     Value  
REPURCHASE AGREEMENTS(B) — continued                
RBC Dominion Securities, Inc.
3.620%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $633,522 (collateralized by various U.S. Government Obligations, ranging in par value $168 - $206,920, 2.000% - 6.500%, 04/01/2039 - 05/01/2056, with a total market value of $643,548)
  $ 633,331     $ 633,331  
TOTAL REPURCHASE AGREEMENTS
(Cost $2,867,048)
            2,867,048  
TOTAL INVESTMENTS — 108.4%
(Cost $51,744,478)
          $ 36,664,817  

 

Percentages are based on Net Assets of $33,813,196.

 

* Non-income producing security.
(A) This security or a partial position of this security is on loan at May 31, 2026. The total market value of securities on loan at May 31, 2026 was $3,948,054.
(B) These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2026 was $2,867,048. The total value of non-cash collateral held from securities on loan as of May 31, 2026 was $1,318,539.

 

The following is a summary of the level of inputs used as of May 31, 2026, in valuing the Fund’s investments carried at value:

 

Investments in Securities   Level 1     Level 2     Level 3     Total  
Common Stock   $ 33,797,769     $     $     $ 33,797,769  
Repurchase Agreements           2,867,048             2,867,048  
Total Investments in Securities   $ 33,797,769     $ 2,867,048     $     $ 36,664,817  

 

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

 

See “Glossary” for abbreviations.

 

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

79

     

Schedule of Investments May 31, 2026 (Unaudited)
Global X Data Center & Digital Infrastructure ETF

 

    Shares     Value  
COMMON STOCK — 99.8%                
AUSTRALIA — 6.2%                
Information Technology — 6.2%                
Macquarie Technology Group *     344,170     $ 18,498,039  
NEXTDC *     10,408,010       114,126,037  
                 
TOTAL AUSTRALIA             132,624,076  
CHINA — 7.7%                
Communication Services — 2.0%                
China Tower, Cl H     34,143,750       43,216,628  
                 
Information Technology — 5.7%                
GDS Holdings ADR *(A)     1,680,270       59,565,572  
Vnet Group ADR, Cl A *     6,183,315       62,327,815  
              121,893,387  
TOTAL CHINA             165,110,015  
HONG KONG — 0.6%                
Information Technology — 0.6%                
SUNeVision Holdings (A)     16,290,000       12,470,972  
                 
SINGAPORE — 3.5%                
Real Estate — 3.5%                
Keppel DC REIT     42,067,268       76,195,075  
                 
SOUTH KOREA — 4.7%                
Information Technology — 4.7%                
SK hynix     65,633       101,607,027  
                 
TAIWAN — 2.1%                
Information Technology — 2.1%                
Taiwan Semiconductor Manufacturing     612,900       46,076,822  
                 
UNITED STATES — 75.0%                
Communication Services — 3.2%                
Uniti Group *     6,206,659       69,638,714  

 

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

80

     

Schedule of Investments May 31, 2026 (Unaudited)
Global X Data Center & Digital Infrastructure ETF

 

    Shares     Value  
COMMON STOCK — continued                
Information Technology — 28.4%                
Advanced Micro Devices *     146,243     $ 75,476,012  
Applied Digital *     2,044,908       96,683,250  
Broadcom     96,456       43,093,647  
Intel *     673,773       77,268,288  
Marvell Technology     403,960       82,811,800  
Microchip Technology     439,180       41,568,387  
Micron Technology     97,979       95,137,609  
NVIDIA     179,024       37,799,128  
Super Micro Computer *     1,160,770       53,499,889  
Whitefiber *(A)     259,622       7,721,158  
              611,059,168  
Real Estate — 43.4%                
American Tower     1,109,059       207,349,671  
Crown Castle     1,665,423       152,386,204  
Digital Realty Trust     1,236,241       234,885,790  
Equinix     246,357       263,119,130  
SBA Communications, Cl A     384,236       78,061,386  
              935,802,181  
TOTAL UNITED STATES             1,616,500,063  
TOTAL COMMON STOCK
(Cost $1,708,101,517)
            2,150,584,050  
               
    Face Amount          
REPURCHASE AGREEMENTS(B) — 2.5%                
Citadel Securities LLC
3.680%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $12,580,559 (collateralized by various U.S. Treasury Obligations, ranging in par value $519 - $982,492, 0.000% - 6.125%, 06/09/2026 - 05/15/2056, with a total market value of $12,794,291)
  $ 12,576,702       12,576,702  

 

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

81

     

Schedule of Investments May 31, 2026 (Unaudited)
Global X Data Center & Digital Infrastructure ETF

 

    Face Amount     Value  
REPURCHASE AGREEMENTS(B) — continued                
Citigroup Global Markets, Inc.
3.610%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $2,458,019 (collateralized by various U.S. Treasury Obligations, ranging in par value $411,773 - $2,097,228, 1.625% - 4.125%, 11/30/2029 - 05/15/2031, with a total market value of $2,463,392)
  $ 2,457,280     $ 2,457,280  
Daiwa Capital Markets America, Inc.
3.610%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $754,829 (collateralized by various U.S. Treasury Obligations, ranging in par value $4,276 - $431,637, 1.250% - 4.250%, 11/30/2026 - 08/15/2051, with a total market value of $760,913)
    754,602       754,602  
Daiwa Capital Markets America, Inc.
3.620%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $11,825,666 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $4,690 - $3,138,042, 1.500% - 6.500%, 05/01/2031 - 05/01/2056, with a total market value of $12,013,802)
    11,822,100       11,822,100  
Natwest Markets Securities, Inc.
3.630%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $11,825,676 (collateralized by various U.S. Government Obligations, ranging in par value $269,274 - $7,435,646, 4.174% - 6.379%, 08/01/2035 - 08/01/2055, with a total market value of $12,014,856)
    11,822,100       11,822,100  
Nomura Securities International, Inc.
3.620%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $2,263,681 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $1,237 - $452,684, 0.000% - 7.500%, 07/15/2026 - 02/15/2056, with a total market value of $2,304,882)
    2,262,998       2,262,998  

 

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

82

     

Schedule of Investments May 31, 2026 (Unaudited)
Global X Data Center & Digital Infrastructure ETF

 

    Face Amount     Value  
REPURCHASE AGREEMENTS(B) — continued                
RBC Dominion Securities, Inc.
3.620%, dated 05/29/2026, to be repurchased on 12/01/2025, repurchase price $11,825,666 (collateralized by various U.S. Government Obligations, ranging in par value $3,145 - $3,862,486, 2.000% - 6.500%, 04/01/2039 - 05/01/2056, with a total market value of $12,012,818)
  $ 11,822,100     $ 11,822,100  
TOTAL REPURCHASE AGREEMENTS
(Cost $53,517,882)
            53,517,882  
TOTAL INVESTMENTS — 102.3%
(Cost $1,761,619,399)
          $ 2,204,101,932  

 

Percentages are based on Net Assets of $2,154,213,984.

 

* Non-income producing security.
Real Estate Investment Trust
(A) This security or a partial position of this security is on loan at May 31, 2026. The total market value of securities on loan at May 31, 2026 was $53,403,491.
(B) These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2026 was $53,517,882. The total value of non-cash collateral held from securities on loan as of May 31, 2026 was $1,585,292.

 

The following is a summary of the level of inputs used as of May 31, 2026, in valuing the Fund’s investments carried at value:

 

Investments in Securities   Level 1     Level 2     Level 3     Total  
Common Stock   $ 2,150,584,050     $     $     $ 2,150,584,050  
Repurchase Agreements           53,517,882             53,517,882  
Total Investments in Securities   $ 2,150,584,050     $ 53,517,882     $     $ 2,204,101,932  

 

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 May 31, 2026 (Unaudited)
Global X Clean Water ETF

 

    Shares     Value  
COMMON STOCK — 100.0%                
BRAZIL — 1.2%                
Utilities — 1.2%                
Cia de Saneamento de Minas Gerais Copasa MG     25,985     $ 270,782  
                 
CHINA — 6.7%                
Industrials — 0.6%                
Beijing Originwater Technology, Cl A     253,200       131,816  
                 
Materials — 0.4%                
Vontron Technology, Cl A     56,400       107,187  
                 
Utilities — 5.7%                
Beijing Capital Eco-Environment Protection Group, Cl A     1,001,300       466,482  
Beijing Enterprises Water Group     535,040       185,688  
Chengdu Xingrong Environment, Cl A     168,500       174,694  
Chongqing Water Group, Cl A     115,300       73,667  
Guangdong Investment     373,800       398,248  
              1,298,779  
TOTAL CHINA             1,537,782  
JAPAN — 5.3%                
Industrials — 5.3%                
Kurita Water Industries     13,582       746,801  
Nomura Micro Science     3,654       105,357  
Organo     3,435       344,385  
                 
TOTAL JAPAN             1,196,543  
SAUDI ARABIA — 0.7%                
Utilities — 0.7%                
AlKhorayef Water & Power Technologies     2,768       88,810  
Miahona     17,998       71,942  
                 
TOTAL SAUDI ARABIA             160,752  

 

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

84

     

Schedule of Investments May 31, 2026 (Unaudited)
Global X Clean Water ETF

 

    Shares     Value  
COMMON STOCK — continued                
SINGAPORE — 1.2%                
Materials — 1.2%                
Keppel Infrastructure Trust     675,318     $ 280,643  
                 
SOUTH KOREA — 1.9%                
Consumer Discretionary — 1.9%                
Coway     7,128       425,693  
                 
UNITED KINGDOM — 11.0%                
Utilities — 11.0%                
Severn Trent PLC     25,929       1,038,041  
United Utilities Group PLC     81,733       1,480,706  
                 
TOTAL UNITED KINGDOM             2,518,747  
UNITED STATES — 72.0%                
Consumer Staples — 3.6%                
Primo Brands, Cl A     33,529       831,519  
                 
Industrials — 47.5%                
A O Smith     14,046       796,689  
Advanced Drainage Systems     6,610       919,848  
Core & Main, Cl A *     19,425       960,566  
Energy Recovery *     7,066       57,729  
Ferguson Enterprises     7,746       1,750,364  
Franklin Electric     5,235       515,020  
Mueller Water Products, Cl A     21,134       532,788  
NWPX Infrastructure *     1,282       151,225  
Pentair PLC     19,969       1,414,604  
Watts Water Technologies, Cl A     3,441       1,063,200  
Xylem     15,804       1,731,170  
Zurn Elkay Water Solutions     20,253       951,891  
              10,845,094  
Information Technology — 2.2%                
Badger Meter     4,028       499,069  
                 
Utilities — 18.7%                
American States Water     5,270       407,213  
American Water Works     15,163       1,869,143  

 

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

85

     

Schedule of Investments May 31, 2026 (Unaudited)
Global X Clean Water ETF

 

    Shares     Value  
COMMON STOCK — continued                
Utilities — continued                
Cadiz *     15,457     $ 75,430  
California Water Service Group     8,123       366,347  
Consolidated Water     2,051       61,899  
Essential Utilities     28,446       1,049,373  
H2O America     4,511       260,871  
Middlesex Water     2,409       126,545  
York Water     2,265       67,724  
              4,284,545  
TOTAL UNITED STATES             16,460,227  
TOTAL COMMON STOCK
(Cost $25,451,015)
            22,851,169  
TOTAL INVESTMENTS — 100.0%
(Cost $25,451,015)
          $ 22,851,169  

 

Percentages are based on Net Assets of $22,851,395.

 

* Non-income producing security.

 

The following is a summary of the level of inputs used as of May 31, 2026, in valuing the Fund’s investments carried at value:

 

Investments in Securities   Level 1     Level 2     Level 3     Total  
Common Stock   $ 22,690,417     $ 160,752     $     $ 22,851,169  
Total Investments in Securities   $ 22,690,417     $ 160,752     $     $ 22,851,169  

 

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.

86

     

Schedule of Investments May 31, 2026 (Unaudited)
Global X AgTech & Food Innovation ETF

 

    Shares     Value  
COMMON STOCK — 100.0%                
AUSTRALIA — 3.1%                
Materials — 3.1%                
Nufarm *     129,972     $ 280,545  
                 
CANADA — 12.4%                
Consumer Staples — 0.7%                
Maple Leaf Foods     2,795       60,747  
                 
Materials — 11.7%                
Nutrien     15,696       1,075,961  
                 
TOTAL CANADA             1,136,708  
CHINA — 11.5%                
Consumer Staples — 11.5%                
Cheng De Lolo, Cl A     201,180       245,173  
Hebei Yangyuan Zhihui Beverage, Cl A     60,800       384,325  
V V Food & Beverage, Cl A     55,300       26,826  
Yuan Longping High-tech Agriculture, Cl A     317,500       398,668  
                 
TOTAL CHINA             1,054,992  
GERMANY — 4.0%                
Health Care — 4.0%                
Bayer     8,537       363,923  
                 
INDONESIA — 0.3%                
Consumer Staples — 0.3%                
Mayora Indah     279,400       28,769  
                 
JAPAN — 11.8%                
Industrials — 11.8%                
Kubota     60,792       1,085,312  
                 
MALAYSIA — 0.3%                
Consumer Staples — 0.3%                
Farm Fresh     48,000       27,965  

 

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

87

     

Schedule of Investments May 31, 2026 (Unaudited)
Global X AgTech & Food Innovation ETF

 

    Shares     Value  
COMMON STOCK — continued                
MEXICO — 1.4%                
Consumer Staples — 1.4%                
Sigma Foods, Cl A     135,300     $ 129,441  
                 
PHILIPPINES — 0.3%                
Consumer Staples — 0.3%                
Monde Nissin     244,705       28,126  
                 
SAUDI ARABIA — 0.4%                
Consumer Staples — 0.4%                
Saudia Dairy & Foodstuff (A)     675       39,824  
                 
SOUTH KOREA — 0.3%                
Consumer Staples — 0.3%                
WooDeumGeeFarm *     41,829       24,759  
                 
SWITZERLAND — 0.3%                
Consumer Staples — 0.3%                
Bell Food Group     122       27,481  
                 
THAILAND — 0.1%                
Consumer Staples — 0.1%                
NR Instant Produce NVDR *(B)     568,300       4,540  
                 
UNITED STATES — 53.8%                
Consumer Discretionary — 0.3%                
GrowGeneration *     17,441       31,045  
                 
Consumer Staples — 10.0%                
Archer-Daniels-Midland     4,657       371,535  
Beyond Meat *(A)     181,768       143,324  
Hain Celestial Group *     36,097       28,614  
Oatly Group ADR *(A)     10,997       110,520  
Sprouts Farmers Market *(A)     3,195       263,971  
              917,964  

 

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

88

     

Schedule of Investments May 31, 2026 (Unaudited)
Global X AgTech & Food Innovation ETF

 

    Shares     Value  
COMMON STOCK — continued                
Health Care — 0.3%                
Cibus, Cl A *(A)     21,435     $ 30,866  
                 
Industrials — 27.1%                
AGCO     3,687       413,976  
CNH Industrial (A)     40,046       408,870  
Deere     1,999       1,083,818  
Lindsay     3,753       410,165  
Titan Machinery *     7,703       168,080  
              2,484,909  
Materials — 16.1%                
Corteva     13,663       1,069,540  
FMC     29,476       402,642  
              1,472,182  
TOTAL UNITED STATES             4,936,966  
TOTAL COMMON STOCK
(Cost $8,996,861)
            9,169,351  
               
    Face Amount          
REPURCHASE AGREEMENTS(C) — 8.3%                
Bank of America Securities, Inc.
3.630%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $218,066 (collateralized by various U.S. Government Obligations, ranging in par value $236 - $34,647, 2.500% - 6.500%, 06/01/2033 - 09/20/2065, with a total market value of $221,470)
  $ 218,000       218,000  
Citadel Securities LLC
3.680%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $249,076 (collateralized by various U.S. Treasury Obligations, ranging in par value $10 - $19,452, 0.000% - 6.125%, 06/09/2026 - 05/15/2056, with a total market value of $253,308)
    249,000       249,000  

 

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

89

     

Schedule of Investments May 31, 2026 (Unaudited)
Global X AgTech & Food Innovation ETF

 

    Face Amount     Value  
REPURCHASE AGREEMENTS(C) — continued                
Nomura Securities International, Inc.
3.620%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $249,075 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $136 - $49,809, 0.000% - 7.500%, 07/15/2026 - 02/15/2056, with a total market value of $253,609)
  $ 249,000     $ 249,000  
RBC Dominion Securities, Inc.
3.610%, dated 05/29/2026, to be repurchased on, repurchase price $46,366 (collateralized by various U.S. Treasury Obligations, ranging in par value $284 - $26,143, 0.000% - 4.625%, 02/15/2034 - 08/15/2046, with a total market value of $47,275)
    46,352       46,352  
TOTAL REPURCHASE AGREEMENTS
(Cost $762,352)
            762,352  
TOTAL INVESTMENTS — 108.3%
(Cost $9,759,213)
          $ 9,931,703  

 

Percentages are based on Net Assets of $9,169,687.

 

* Non-income producing security.
(A) This security or a partial position of this security is on loan at May 31, 2026. The total market value of securities on loan at May 31, 2026 was $717,636.
(B) Level 3 security in accordance with fair value hierarchy.
(C) These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2026 was $762,352. The total value of non-cash collateral held from securities on loan as of May 31, 2026 was $0.

 

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

90

     

Schedule of Investments May 31, 2026 (Unaudited)
Global X AgTech & Food Innovation ETF

 

The following is a summary of the level of inputs used as of May 31, 2026, in valuing the Fund’s investments carried at value:

 

Investments in Securities   Level 1     Level 2     Level 3(1)     Total  
Common Stock   $ 9,124,987     $ 39,824     $ 4,540     $ 9,169,351  
Repurchase Agreements           762,352             762,352  
Total Investments in Securities   $ 9,124,987     $ 802,176     $ 4,540     $ 9,931,703  

 

(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.

 

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.

91

     

Schedule of Investments May 31, 2026 (Unaudited)
Global X Blockchain ETF

 

    Shares     Value  
COMMON STOCK — 99.9%                
AUSTRALIA — 12.6%                
Information Technology — 12.6%                
IREN *(A)     770,492     $ 48,957,062  
                 
CANADA — 1.6%                
Information Technology — 1.6%                
Hive Digital Technologies *(A)     921,390       4,160,318  
Neptune Digital Assets *     1,361,777       1,057,748  
WonderFi Technologies *     3,965,177       1,036,234  
                 
TOTAL CANADA             6,254,300  
CAYMAN ISLANDS — 1.8%                
Financials — 1.8%                
Bullish *(A)     201,063       7,019,109  
                 
CHINA — 1.8%                
Financials — 1.2%                
Chaince Digital Holdings *(A)     189,064       1,555,997  
OSL Group *(A)     2,073,200       2,909,791  
              4,465,788  
Information Technology — 0.6%                
Canaan ADR *     3,335,791       1,378,683  
Cango, Cl A *     2,339,737       1,031,824  
              2,410,507  
TOTAL CHINA             6,876,295  
GERMANY — 0.6%                
Financials — 0.2%                
Bitcoin Group     28,030       934,192  
                 
Information Technology — 0.4%                
Northern Data *(A)     73,044       1,406,446  
                 
TOTAL GERMANY             2,340,638  

 

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

92

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Blockchain ETF

 

    Shares     Value  
COMMON STOCK — continued                
HONG KONG — 0.2%                
Information Technology — 0.2%                
Bitfire Group Holdings *     2,688,900     $ 730,773  
                 
ISRAEL — 2.3%                
Financials — 2.3%                
Etoro Group, Cl A *     215,574       9,049,796  
                 
UNITED STATES — 79.0%                
Financials — 14.2%                
Bakkt, Cl A *(A)     115,148       1,251,659  
Coinbase Global, Cl A *     195,313       36,920,016  
Galaxy Digital, Cl A *     539,449       15,956,902  
Gemini Space Station, Cl A *(A)     231,368       1,219,309  
              55,347,886  
Information Technology — 64.8%                
American Bitcoin, Cl A *     880,775       995,276  
Applied Digital *     401,038       18,961,077  
Bit Digital *     1,614,377       3,261,041  
Bitdeer Technologies Group, Cl A *(A)     654,109       11,440,366  
BitFuFu, Cl A *     464,636       864,223  
BitMine Immersion Technologies (A)     1,267,239       24,419,695  
BTCS     523,952       822,605  
Cipher Digital *(A)     770,787       18,229,113  
Circle Internet Group, Cl A *     391,508       44,240,404  
Cleanspark *(A)     1,099,400       20,108,026  
Core Scientific *(A)     671,855       18,039,307  
Exodus Movement, Cl A *     120,124       855,283  
Hut 8 *     182,492       22,837,498  
Keel Infrastructure *     1,847,319       10,526,989  
MARA Holdings *(A)     1,205,183       17,330,532  
Riot Platforms *     753,808       20,435,735  
Soluna Holdings *(A)     820,857       1,395,457  

 

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

93

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Blockchain ETF

 

    Shares     Value  
COMMON STOCK — continued                
Information Technology — continued                
TeraWulf *(A)     701,067     $ 17,919,272  
              252,681,899  
TOTAL UNITED STATES             308,029,785  
TOTAL COMMON STOCK
(Cost $347,282,897)
            389,257,758  
                 
    Face Amount          
REPURCHASE AGREEMENTS(B) — 4.6%                
Citadel Securities LLC
3.680%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $4,259,420 (collateralized by various U.S. Treasury Obligations, ranging in par value $176 - $332,644, 0.000% - 6.125%, 06/09/2026 - 05/15/2056, with a total market value of $4,331,783)
  $ 4,258,114       4,258,114  
Daiwa Capital Markets America, Inc.
3.620%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $4,003,834 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $1,588 - $1,062,452, 1.500% - 6.500%, 05/01/2031 - 05/01/2056, with a total market value of $4,067,532)
    4,002,627       4,002,627  
Deutsche Bank Securities, Inc.
3.610%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $833,400 (collateralized by various U.S. Treasury Obligations, ranging in par value $289,228 - $581,424, 4.250% - 4.625%, 05/15/2039 - 02/15/2040, with a total market value of $845,066)
    833,149       833,149  

 

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

94

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Blockchain ETF

 

    Face Amount     Value  
REPURCHASE AGREEMENTS(B) — continued                
Natwest Markets Securities, Inc.
3.630%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $4,003,838 (collateralized by various U.S. Government Obligations, ranging in par value $91,168 - $2,517,499, 4.174% - 6.379%, 08/01/2035 - 08/01/2055, with a total market value of $4,067,889)
  $ 4,002,627     $ 4,002,627  
Nomura Securities International, Inc.
3.620%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $765,236 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $418 - $153,029, 0.000% - 7.500%, 07/15/2026 - 02/15/2056, with a total market value of $779,164)
    765,005       765,005  
RBC Dominion Securities, Inc.
3.610%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $255,564 (collateralized by various U.S. Treasury Obligations, ranging in par value $1,566 - $144,097, 0.000% - 4.625%, 02/15/2034 - 08/15/2046, with a total market value of $260,576)
    255,487       255,487  
RBC Dominion Securities, Inc.
3.620%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $4,003,834 (collateralized by various U.S. Government Obligations, ranging in par value $1,065 - $1,307,728, 2.000% - 6.500%, 04/01/2039 - 05/01/2056, with a total market value of $4,067,199)
    4,002,627       4,002,627  
TOTAL REPURCHASE AGREEMENTS
(Cost $18,119,636)
            18,119,636  
TOTAL INVESTMENTS — 104.5%
(Cost $365,402,533)
          $ 407,377,394  

 

Percentages are based on Net Assets of $389,687,184.

 

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

95

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Blockchain ETF

 

* Non-income producing security.
(A) This security or a partial position of this security is on loan at May 31, 2026. The total market value of securities on loan at May 31, 2026 was $65,817,484.
(B) These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2026 was $18,119,636. The total value of non-cash collateral held from securities on loan as of May 31, 2026 was $48,692,230.

 

The following is a summary of the level of inputs used as of May 31, 2026, in valuing the Fund’s investments carried at value:

 

Investments in Securities   Level 1     Level 2     Level 3     Total  
Common Stock   $ 389,257,758   $     $     $ 389,257,758  
Repurchase Agreements           18,119,636             18,119,636  
Total Investments in Securities   $ 389,257,758     $ 18,119,636     $     $ 407,377,394  

 

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.

96

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Hydrogen ETF

 

    Shares     Value  
COMMON STOCK — 97.2%                
CANADA — 6.0%                
Industrials — 6.0%                
Ballard Power Systems *     1,604,469     $ 10,092,110  
                 
CHINA — 3.8%                
Industrials — 3.8%                
Beijing Sinohytec, Cl H *     769,250       1,505,639  
Jiangsu Guofu Hydrogen Energy Equipment, Cl H *(A)     1,311,550       3,728,447  
Shanghai REFIRE Group, Cl H *     291,920       1,210,529  
                 
TOTAL CHINA             6,444,615  
GERMANY — 4.8%                
Industrials — 4.8%                
SFC Energy *     292,343       8,000,004  
                 
JAPAN — 1.9%                
Consumer Discretionary — 1.9%                
Toyota Motor     163,133       3,117,348  
                 
NORWAY — 5.1%                
Industrials — 5.1%                
NEL *(A)     20,635,496       8,591,420  
                 
SINGAPORE — 0.6%                
Materials — 0.6%                
Nanofilm Technologies International     867,800       939,008  
                 
SOUTH KOREA — 19.6%                
Consumer Discretionary — 1.3%                
Iljin Hysolus ltd *     237,231       2,224,336  
                 
Industrials — 13.6%                
Bumhan Fuel Cell *     80,061       1,734,566  
Doosan Fuel Cell *     338,214       20,512,780  

 

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

97

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Hydrogen ETF

 

    Shares     Value  
COMMON STOCK — continued                
Industrials — continued                
S-Prism *     86,519     $ 557,465  
              22,804,811  
Information Technology — 4.7%                
MiCo *     74,224       1,009,683  
Vina Tech *     69,122       6,834,225  
              7,843,908  
TOTAL SOUTH KOREA             32,873,055  
SWEDEN — 3.1%                
Industrials — 3.1%                
PowerCell Sweden *(A)     1,397,695       5,189,179  
                 
UNITED KINGDOM — 20.2%                
Industrials — 18.3%                
Ceres Power Holdings PLC *     1,457,464       16,590,890  
H-Power PLC *(A)     24,300,436       5,483,296  
ITM Power PLC *     3,316,822       8,691,418  
              30,765,604  
Materials — 1.9%                
Johnson Matthey PLC     112,799       3,223,393  
                 
TOTAL UNITED KINGDOM             33,988,997  
UNITED STATES — 32.1%                
Industrials — 30.3%                
Bloom Energy, Cl A *     68,997       19,664,145  
Cummins     4,556       2,946,046  
FuelCell Energy *     334,264       7,240,158  
Hyster-Yale     31,642       1,149,238  
Plug Power *(A)     5,036,958       19,895,984  
              50,895,571  
Materials — 1.8%                
Air Products & Chemicals     10,743       2,993,215  
                 
TOTAL UNITED STATES             53,888,786  
TOTAL COMMON STOCK
(Cost $100,165,750)
            163,124,522  

 

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

98

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Hydrogen ETF

 

    Face Amount     Value  
REPURCHASE AGREEMENTS(B) — 3.7%                
Citadel Securities LLC
3.680%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $1,460,550 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $60 - $114,063, 0.000% - 6.125%, 06/09/2026 - 05/15/2056, with a total market value of $1,485,363)
  $ 1,460,102     $ 1,460,102  
Daiwa Capital Markets America, Inc.
3.620%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $1,372,909 (collateralized by various U.S. Treasury Obligations, ranging in par value $544 - $364,313, 1.500% - 6.500%, 05/01/2031 - 05/01/2056, with a total market value of $1,394,751)
    1,372,495       1,372,495  
Deutsche Bank Securities, Inc.
3.610%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $286,679 (collateralized by various U.S. Government Obligations, ranging in par value $99,491 - $200,003, 4.250% - 4.625%, 05/15/2039 - 02/15/2040, with a total market value of $290,692)
    286,593       286,593  
Natwest Markets Securities, Inc.
3.630%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $1,372,910 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $31,262 - $863,247, 4.174% - 6.379%, 08/01/2035 - 08/01/2055, with a total market value of $1,394,873)
    1,372,495       1,372,495  
Nomura Securities International, Inc.
3.620%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $261,492 (collateralized by various U.S. Government Obligations, ranging in par value $143 - $52,292, 0.000% - 7.500%, 07/15/2026 - 02/15/2056, with a total market value of $266,251)
    261,413       261,413  

 

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

99

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Hydrogen ETF

 

    Face Amount     Value  
REPURCHASE AGREEMENTS(B) — continued                
RBC Dominion Securities, Inc.
3.610%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $87,633 (collateralized by various U.S. Treasury Obligations, ranging in par value $537 - $49,411, 0.000% - 4.625%, 02/15/2034 - 08/15/2046, with a total market value of $89,352)
  $ 87,607     $ 87,607  
RBC Dominion Securities, Inc.
3.620%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $1,372,909 (collateralized by various U.S. Treasury Obligations, ranging in par value $365 - $448,418, 2.000% - 6.500%, 04/01/2039 - 05/01/2056, with a total market value of $1,394,636)
    1,372,495       1,372,495  
                 
TOTAL REPURCHASE AGREEMENTS
(Cost $6,213,200)
            6,213,200  
TOTAL INVESTMENTS — 100.9%
(Cost $106,378,950)
          $ 169,337,722  

 

Percentages are based on Net Assets of $167,863,835.

 

* Non-income producing security.
(A) This security or a partial position of this security is on loan at May 31, 2026. The total market value of securities on loan at May 31, 2026 was $22,531,666.
(B) These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2026 was $6,213,200. The total value of non-cash collateral held from securities on loan as of May 31, 2026 was $16,759,874.

 

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

100

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Hydrogen ETF

 

The following is a summary of the level of inputs used as of May 31, 2026, in valuing the Fund’s investments carried at value:

 

Investments in Securities   Level 1     Level 2     Level 3     Total  
Common Stock   $ 163,124,522     $     $     $ 163,124,522  
Repurchase Agreements           6,213,200             6,213,200  
Total Investments in Securities   $ 163,124,522     $ 6,213,200     $     $ 169,337,722  

 

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

 

See “Glossary” for abbreviations.

 

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

101

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Defense Tech ETF

 

    Shares     Value  
COMMON STOCK — 100.4%                
AUSTRALIA — 0.7%                
Industrials — 0.6%                
Austal *     2,580,325     $ 7,463,328  
DroneShield *(A)     10,132,716       24,714,831  
Electro Optic Systems Holdings *(A)     1,834,785       14,693,065  
              46,871,224  
Information Technology — 0.1%                
Elsight *     2,140,954       11,722,603  
                 
TOTAL AUSTRALIA             58,593,827  
CANADA — 0.2%                
Information Technology — 0.2%                
Kraken Robotics *     3,432,341       18,537,706  
                 
FINLAND — 0.2%                
Information Technology — 0.2%                
Bittium     339,892       15,627,583  
                 
FRANCE — 4.7%                
Industrials — 4.7%                
Dassault Aviation     199,429       70,934,568  
Exail Technologies *(A)     102,544       17,195,772  
Thales     1,037,469       289,958,136  
                 
TOTAL FRANCE             378,088,476  
GERMANY — 5.9%                
Industrials — 5.9%                
Hensoldt (A)     700,053       72,233,072  
Rheinmetall     247,368       373,362,785  
Tkms KGaA *     285,072       28,043,795  
                 
TOTAL GERMANY             473,639,652  
ISRAEL — 3.7%                
Industrials — 3.7%                
Aryt Industries (A)     712,737       8,293,168  

 

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

102

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Defense Tech ETF

 

    Shares     Value  
COMMON STOCK — continued        
Industrials — continued        
Elbit Systems     318,023     $ 287,343,187  
                 
TOTAL ISRAEL             295,636,355  
ITALY — 3.6%                
Industrials — 3.6%                
Leonardo     4,644,040       294,923,339  
                 
JAPAN — 0.0%                
Information Technology — 0.0%                
Nippon Avionics *(A)            
                 
NETHERLANDS — 0.5%                
Industrials — 0.5%                
CSG *     1,762,726       36,977,072  
                 
NORWAY — 2.1%                
Industrials — 2.1%                
Kongsberg Gruppen     4,768,181       171,464,929  
                 
SOUTH KOREA — 6.3%                
Industrials — 6.3%                
Hanwha Aerospace     374,435       291,448,079  
Hanwha Systems     852,201       59,376,977  
Korea Aerospace Industries     761,375       85,029,471  
LIG Defense&Aerospace     142,010       75,481,095  
                 
TOTAL SOUTH KOREA             511,335,622  
SWEDEN — 3.3%                
Industrials — 3.3%                
Saab, Cl B     4,276,092       263,653,554  
                 
TAIWAN — 0.0%                
Industrials — 0.0%                
CSBC Taiwan *     2,626,000       1,487,973  

 

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

103

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Defense Tech ETF

 

    Shares     Value  
COMMON STOCK — continued        
TURKEY — 0.6%        
Industrials — 0.6%        
Aselsan Elektronik Sanayi Ve Ticaret (A)     6,048,462     $ 50,116,365  
                 
UNITED KINGDOM — 6.0%                
Industrials — 6.0%                
Babcock International Group PLC     5,349,202       79,062,369  
BAE Systems PLC     13,144,394       358,433,541  
Chemring Group PLC     2,993,959       22,155,950  
Cohort PLC (A)            
QinetiQ Group PLC     4,250,449       28,847,387  
                 
TOTAL UNITED KINGDOM             488,499,247  
UNITED STATES — 62.6%                
Industrials — 52.9%                
AeroVironment *     438,086       90,788,943  
Amentum Holdings *     2,283,303       53,041,129  
BlackSky Technology, Cl A *(A)     357,255       17,316,150  
BWX Technologies     1,052,548       206,173,102  
General Dynamics     1,824,952       632,929,853  
Huntington Ingalls Industries     452,067       139,313,487  
Karman Holdings *(A)     1,070,047       61,527,703  
Kratos Defense & Security Solutions *     2,138,639       137,150,919  
L3Harris Technologies     1,128,407       355,651,318  
Leidos Holdings     1,444,673       184,629,209  
Lockheed Martin     1,173,543       622,505,884  
Mercury Systems *     684,243       76,429,943  
Moog, Cl A     322,488       116,086,005  
Northrop Grumman     1,126,345       634,898,150  
Parsons *     1,219,193       72,054,306  
Planet Labs PBC *     3,164,049       161,809,466  
Red Cat Holdings *(A)     1,526,760       22,138,020  
RTX     3,535,244       635,141,937  
Voyager Technologies Inc, Cl A *(A)     589,277       29,186,890  
York Space Systems *     1,210,161       39,499,655  
              4,288,272,069  
Information Technology — 9.7%                
BigBear.ai Holdings *(A)     5,486,233       27,650,614  

 

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

104

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Defense Tech ETF

 

    Shares     Value  
COMMON STOCK — continued                
Information Technology — continued                
OSI Systems *     179,304     $ 38,864,142  
Palantir Technologies, Cl A *     4,571,616       715,640,769  
              782,155,525  
TOTAL UNITED STATES             5,070,427,594  
TOTAL COMMON STOCK
(Cost $7,356,011,248)
            8,129,009,294  
                 
    Face Amount          
REPURCHASE AGREEMENTS(B) — 1.2%                
Citadel Securities LLC
3.680%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $22,963,755 (collateralized by various U.S. Treasury Obligations, ranging in par value $947 - $1,793,379, 0.000% - 6.125%, 06/09/2026 - 05/15/2056, with a total market value of $23,353,887)
  $ 22,956,715       22,956,715  
Citigroup Global Markets, Inc.
3.610%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $4,486,096 (collateralized by various U.S. Treasury Obligations, ranging in par value $751,521 - $3,827,621, 1.625% - 4.125%, 11/30/2029 - 05/15/2031, with a total market value of $4,495,903)
    4,484,747       4,484,747  
Daiwa Capital Markets America, Inc.
3.610%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $1,377,817 (collateralized by various U.S. Treasury Obligations, ranging in par value $7,804 - $787,884, 1.250% - 4.250%, 11/30/2026 - 08/15/2051, with a total market value of $1,388,923)
    1,377,403       1,377,403  

 

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

105

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Defense Tech ETF

 

    Face Amount     Value  
REPURCHASE AGREEMENTS(B) — continued                
Daiwa Capital Markets America, Inc.
3.620%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $21,585,822 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $8,560 - $5,727,983, 1.500% - 6.500%, 05/01/2031 - 05/01/2056, with a total market value of $21,929,232)
  $ 21,579,312     $ 21,579,312  
Natwest Markets Securities, Inc.
3.630%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $21,585,840 (collateralized by various U.S. Government Obligations, ranging in par value $491,515 - $13,572,558, 4.174% - 6.379%, 08/01/2035 - 08/01/2055, with a total market value of $21,931,156)
    21,579,312       21,579,312  
Nomura Securities International, Inc.
3.620%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $4,132,595 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $2,257 - $826,423, 0.000% - 7.500%, 07/15/2026 - 02/15/2056, with a total market value of $4,207,813)
    4,131,349       4,131,349  
RBC Dominion Securities, Inc.
3.620%, dated 05/29/2026, to be repurchased on 06/01/2026, repurchase price $21,585,822 (collateralized by various U.S. Government Obligations, ranging in par value $5,740 - $7,050,338, 2.000% - 6.500%, 04/01/2039 - 05/01/2056, with a total market value of $21,927,436)
    21,579,312       21,579,312  
TOTAL REPURCHASE AGREEMENTS
(Cost $97,688,150)
            97,688,150  
TOTAL INVESTMENTS — 101.6%
(Cost $7,453,699,398)
          $ 8,226,697,444  

 

Percentages are based on Net Assets of $8,097,428,298.

 

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

106

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Defense Tech ETF

 

* Non-income producing security.
(A) This security or a partial position of this security is on loan at May 31, 2026. The total market value of securities on loan at May 31, 2026 was $152,575,832.
(B) These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2026 was $97,688,150. The total value of non-cash collateral held from securities on loan as of May 31, 2026 was $65,528,000.

 

The following is a summary of the level of inputs used as of May 31, 2026, in valuing the Fund’s investments carried at value:

 

Investments in Securities   Level 1     Level 2     Level 3     Total  
Common Stock   $ 8,078,892,929     $ 50,116,365     $     $ 8,129,009,294  
Repurchase Agreements           97,688,150             97,688,150  
Total Investments in Securities   $ 8,078,892,929     $ 147,804,515     $     $ 8,226,697,444  

 

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

 

See “Glossary” for abbreviations.

 

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

107

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Infrastructure Development ex-U.S. ETF

 

    Shares     Value  
COMMON STOCK — 99.6%                
AUSTRALIA — 2.8%                
Industrials — 1.3%                
Aurizon Holdings     13,652     $ 41,157  
Downer EDI     5,070       29,657  
              70,814  
Materials — 1.5%                
BlueScope Steel     3,559       81,226  
                 
TOTAL AUSTRALIA             152,040  
AUSTRIA — 1.2%                
Industrials — 0.4%                
Strabag     187       20,753  
                 
Materials — 0.8%                
voestalpine     813       45,919  
                 
TOTAL AUSTRIA             66,672  
BELGIUM — 0.6%                
Industrials — 0.5%                
Cenergy Holdings     495       14,429  
Deme Group     53       11,467  
              25,896  
Materials — 0.1%                
Viohalco     340       8,273  
                 
TOTAL BELGIUM             34,169  
BRAZIL — 2.8%                
Industrials — 2.0%                
WEG     12,100       105,494  
                 
Materials — 0.8%                
Gerdau ADR     10,007       45,031  
                 
TOTAL BRAZIL             150,525  

 

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

108

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Infrastructure Development ex-U.S. ETF

 

    Shares     Value  
COMMON STOCK — continued                
CANADA — 7.6%                
Industrials — 7.6%                
AtkinsRealis Group, Cl Common Subs. Receipt     1,321     $ 79,363  
Canadian National Railway     1,402       166,147  
Canadian Pacific Kansas City     1,857       165,944  
                 
TOTAL CANADA             411,454  
CHINA — 3.3%                
Communication Services — 0.9%                
China Tower, Cl H     37,240       47,135  
                 
Industrials — 1.6%                
China Communications Services, Cl H     20,500       10,803  
China Energy Engineering, Cl H     57,000       9,091  
China Railway Group, Cl H     32,800       14,689  
Sany Heavy Industry, Cl H *     5,400       13,367  
Sigenergy Technology, Cl H *     470       29,085  
Zoomlion Heavy Industry Science and Technology, Cl H     10,700       9,843  
              86,878  
Materials — 0.6%                
Anhui Conch Cement, Cl H     9,607       23,327  
Chuangxin Industries Holdings     3,500       8,311  
Huaxin Building Materials Group, Cl H     2,400       4,489  
              36,127  
Utilities — 0.2%                
Beijing Enterprises Water Group     32,000       11,106  
                 
TOTAL CHINA             181,246  
DENMARK — 1.3%                
Industrials — 1.3%                
NKT *     436       69,781  
                 
FINLAND — 0.4%                
Materials — 0.4%                
Outokumpu     3,161       21,985  

 

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

109

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Infrastructure Development ex-U.S. ETF

 

    Shares     Value  
COMMON STOCK — continued                
FRANCE — 6.3%                
Industrials — 6.1%                
Eiffage     708     $ 103,069  
Nexans     342       63,218  
Vinci     1,134       165,482  
              331,769  
Materials — 0.2%                
Vicat     140       10,341  
                 
TOTAL FRANCE             342,110  
GERMANY — 3.2%                
Materials — 3.2%                
Heidelberg Materials     790       175,898  
                 
GREECE — 0.4%                
Industrials — 0.4%                
GEK TERNA     480       23,952  
                 
HONG KONG — 0.2%                
Industrials — 0.2%                
REPT BATTERO Energy, Cl H *     4,400       8,539  
                 
INDIA — 19.5%                
Communication Services — 0.8%                
Indus Towers *     9,894       46,038  
                 
Industrials — 6.4%                
GE Vernova T&D India     1,010       54,738  
KEI Industries     500       27,724  
Larsen & Toubro     3,903       167,480  
Polycab India     575       57,364  
Rail Vikas Nigam     4,625       11,949  
Siemens Energy India     720       29,346  
              348,601  
Materials — 12.3%                
Ambuja Cements     6,525       30,760  

 

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

110

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Infrastructure Development ex-U.S. ETF

 

    Shares     Value  
COMMON STOCK — continued                
Materials — continued                
Dalmia Bharat     607     $ 11,170  
Hindalco Industries     11,433       135,596  
Jindal Stainless     2,072       14,943  
Jindal Steel     3,050       38,758  
JK Cement     341       18,561  
JSW Steel     7,127       95,877  
Shree Cement     80       21,284  
Steel Authority of India     11,776       25,333  
Tata Steel     67,534       147,878  
UltraTech Cement     933       112,765  
Welspun     948       13,740  
              666,665  
TOTAL INDIA             1,061,304  
ISRAEL — 0.7%                
Industrials — 0.7%                
Shapir Engineering and Industry *     1,264       20,623  
Shikun & Binui *     2,537       19,646  
                 
TOTAL ISRAEL             40,269  
ITALY — 4.5%                
Communication Services — 0.3%                
Infrastrutture Wireless Italiane     2,151       16,768  
                 
Energy — 0.9%                
Saipem     10,153       48,814  
                 
Industrials — 3.3%                
Maire     1,147       19,596  
Prysmian     922       159,238  
              178,834  
TOTAL ITALY             244,416  
JAPAN — 12.7%                
Industrials — 5.9%                
COMSYS Holdings     850       28,988  
EXEO Group     1,368       24,457  
Fujikura     5,250       157,345  

 

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

111

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Infrastructure Development ex-U.S. ETF

 

    Shares     Value  
COMMON STOCK — continued                
Industrials — continued                
Hitachi Construction Machinery     818     $ 26,715  
INFRONEER Holdings     1,369       21,087  
JGC Holdings     1,600       27,424  
Penta-Ocean Construction     1,893       21,149  
PowerX *     530       12,835  
              320,000  
Materials — 6.8%                
JFE Holdings     4,435       47,376  
Nippon Steel     35,823       127,504  
Shin-Etsu Chemical     3,633       177,051  
Yamato Kogyo     244       18,063  
              369,994  
TOTAL JAPAN             689,994  
LUXEMBOURG — 3.1%                
Materials — 3.1%                
ArcelorMittal     2,431       168,283  
                 
MALAYSIA — 0.7%                
Industrials — 0.7%                
Gamuda     33,300       35,274  
                 
MEXICO — 3.1%                
Materials — 3.1%                
Cemex ADR     11,767       154,030  
Ternium ADR     350       16,887  
                 
TOTAL MEXICO             170,917  
NETHERLANDS — 1.5%                
Industrials — 1.5%                
Aalberts     746       34,160  
IMCD     477       49,174  
                 
TOTAL NETHERLANDS             83,334  

 

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

112

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Infrastructure Development ex-U.S. ETF

 

    Shares     Value  
COMMON STOCK — continued        
POLAND — 0.4%        
Industrials — 0.4%        
Budimex     104     $ 20,083  
                 
SOUTH KOREA — 8.8%                
Industrials — 5.7%                
Doosan Enerbility *     2,176       152,479  
Gaon Cable     25       5,342  
Iljin Electric     208       12,822  
KEPCO Engineering & Construction     151       13,457  
LS Electric     613       98,235  
Taihan Cable & Solution *     875       26,389  
              308,724  
Materials — 3.1%                
Hyundai Steel     673       17,930  
POSCO Holdings     543       152,595  
              170,525  
TOTAL SOUTH KOREA             479,249  
SPAIN — 3.5%                
Communication Services — 2.8%                
Cellnex Telecom     4,478       150,603  
                 
Industrials — 0.4%                
Sacyr     4,679       25,401  
                 
Utilities — 0.3%                
Grenergy Renovables *     109       15,645  
                 
TOTAL SPAIN             191,649  
SWEDEN — 1.0%                
Materials — 1.0%                
SSAB, Cl B     4,974       51,274  
                 
TAIWAN — 1.2%                
Materials — 1.2%                
Asia Cement     20,240       21,968  

 

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

113

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Infrastructure Development ex-U.S. ETF

 

    Shares     Value  
COMMON STOCK — continued        
Materials — continued        
TCC Group Holdings     55,683     $ 43,373  
                 
TOTAL TAIWAN             65,341  
TANZANIA — 0.4%                
Communication Services — 0.4%                
Helios Towers PLC *     6,704       21,200  
                 
TURKEY — 0.7%                
Industrials — 0.3%                
Enka Insaat ve Sanayi     6,764       14,813  
                 
Materials — 0.4%                
Eregli Demir ve Celik Fabrikalari     26,598       22,708  
                 
TOTAL TURKEY             37,521  
UNITED ARAB EMIRATES — 0.2%                
Industrials — 0.2%                
NMDC Group PJSC     2,025       10,872  
                 
UNITED STATES — 7.5%                
Industrials — 3.0%                
Ferrovial     2,361       161,729  
                 
Materials — 4.5%                
Acerinox     1,454       26,893  
Buzzi     595       32,287  
Holcim     1,704       168,841  
Titan     283       16,843  
              244,864  
TOTAL UNITED STATES             406,593  
TOTAL COMMON STOCK
(Cost $4,466,899)
            5,415,944  
TOTAL INVESTMENTS — 99.6%
(Cost $4,466,899)
          $ 5,415,944  

 

Percentages are based on Net Assets of $5,438,944.

 

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

114

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Infrastructure Development ex-U.S. ETF

 

* Non-income producing security.

 

The following is a summary of the level of inputs used as of May 31, 2026, in valuing the Fund’s investments carried at value:

 

Investments in Securities   Level 1     Level 2     Level 3     Total  
Common Stock   $ 5,367,551     $ 48,393     $     $ 5,415,944  
Total Investments in Securities   $ 5,367,551     $ 48,393     $     $ 5,415,944  

 

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.

115

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X AI Semiconductor & Quantum ETF

 

    Shares     Value  
COMMON STOCK — 100.3%                
CANADA — 0.3%                
Information Technology — 0.3%                
D-Wave Quantum *     16,112     $ 485,616  
POET Technologies *     7,787       95,702  
                 
TOTAL CANADA             581,318  
FRANCE — 0.0%                
Information Technology — 0.0%                
2CRSI *     460       27,699  
                 
NETHERLANDS — 5.1%                
Information Technology — 5.1%                
ASML Holding     5,863       9,455,612  
Nebius Group, Cl A *     9,203       2,126,721  
                 
TOTAL NETHERLANDS             11,582,333  
SOUTH KOREA — 5.1%                
Information Technology — 5.1%                
SK hynix     7,481       11,581,402  
                 
TAIWAN — 15.9%                
Information Technology — 15.9%                
Accton Technology     22,448       1,741,349  
Alchip Technologies     3,776       532,188  
MediaTek     69,577       9,572,932  
Mitac Holdings     48,826       138,410  
Quanta Computer     125,687       1,360,166  
Taiwan Semiconductor Manufacturing ADR     52,591       22,006,704  
Wiwynn     5,089       884,570  
                 
TOTAL TAIWAN             36,236,319  
UNITED STATES — 73.9%                
Industrials — 2.4%                
Vertiv Holdings, Cl A     17,069       5,388,854  
                 
Information Technology — 71.5%                
Advanced Micro Devices *     20,477       10,568,180  
Ambarella *     1,867       134,760  

 

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

116

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X AI Semiconductor & Quantum ETF

 

    Shares     Value  
COMMON STOCK — continued                
Information Technology — continued                
Arista Networks *     47,139     $ 7,517,256  
ARM Holdings PLC ADR *     31,233       11,034,307  
Astera Labs *     6,327       2,169,212  
Broadcom     51,369       22,950,128  
Cadence Design Systems *     12,417       4,655,506  
Cisco Systems     79,506       9,574,112  
CoreWeave, Cl A *     15,108       1,654,779  
Credo Technology Group Holding *     7,494       1,768,809  
Hewlett Packard Enterprise     59,658       2,567,680  
Intel *     79,884       9,161,097  
IonQ *     16,458       1,186,128  
Marvell Technology     39,252       8,046,660  
Micron Technology     28,328       27,506,488  
Monolithic Power Systems     2,137       3,346,991  
NetApp     8,880       1,547,695  
NVIDIA     98,797       20,859,999  
QUALCOMM     40,197       10,090,251  
Quantum Computing *     8,950       107,042  
Rambus *     4,850       705,481  
Rigetti Computing *     14,700       375,438  
Super Micro Computer *     23,395       1,078,275  
Synopsys *     8,258       3,927,670  
              162,533,944  
TOTAL UNITED STATES             167,922,798  
TOTAL COMMON STOCK
(Cost $195,307,889)
            227,931,869  
TOTAL INVESTMENTS — 100.3%
(Cost $195,307,889)
          $ 227,931,869  

 

Percentages are based on Net Assets of $227,244,865.

 

* Non-income producing security.

 

As of May 31, 2026, all of the Fund’s investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

 

See “Glossary” for abbreviations.

 

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

117

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Space Tech

 

    Shares     Value  
COMMON STOCK — 100.1%        
CANADA — 4.6%        
Communication Services — 0.3%        
Telesat *     4,409     $ 239,012  
                 
Industrials — 4.3%                
MDA Space *     64,995       2,900,724  
                 
TOTAL CANADA             3,139,736  
CHINA — 0.2%                
Communication Services — 0.2%                
APT Satellite Holdings     310,000       136,461  
                 
ISRAEL — 1.4%                
Information Technology — 1.4%                
Gilat Satellite Networks *     53,552       919,488  
                 
ITALY — 2.3%                
Industrials — 2.3%                
Avio     30,378       1,526,823  
                 
JAPAN — 4.8%                
Industrials — 4.8%                
Astroscale Holdings *     75,240       1,294,569  
Axelspace Holdings *     34,812       189,160  
Ispace *     94,828       399,708  
QPS Holdings *     32,500       828,884  
Synspective *     45,550       542,514  
                 
TOTAL JAPAN             3,254,835  
LUXEMBOURG — 4.4%                
Communication Services — 4.4%                
SES, Cl A     269,643       2,971,979  
                 
POLAND — 0.6%                
Industrials — 0.6%                
Creotech Instruments *     1,384       396,651  

 

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

118

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Space Tech

 

    Shares     Value  
COMMON STOCK — continued        
SINGAPORE — 0.5%        
Information Technology — 0.5%        
Addvalue Technologies *     2,051,900     $ 321,778  
                 
SOUTH KOREA — 1.8%                
Industrials — 1.0%                
Contec *     8,121       93,982  
Innospace *     11,332       115,651  
Lumir *     7,032       51,795  
Satrec Initiative     5,004       443,951  
              705,379  
Information Technology — 0.8%                
Intellian Technologies     6,084       537,346  
                 
TOTAL SOUTH KOREA             1,242,725  
SWEDEN — 0.7%                
Communication Services — 0.7%                
Ovzon *     66,986       486,076  
                 
UNITED KINGDOM — 1.2%                
Information Technology — 1.2%                
Filtronic *     155,140       815,569  
                 
UNITED STATES — 77.6%                
Communication Services — 18.5%                
AST SpaceMobile, Cl A *     58,756       6,663,518  
Globalstar *     33,722       2,839,730  
Iridium Communications     57,309       2,967,460  
              12,470,708  
Industrials — 53.8%                
BlackSky Technology, Cl A *     26,052       1,262,740  
Firefly Aerospace *     56,544       2,628,731  
Intuitive Machines, Cl A *     73,156       3,206,428  
Planet Labs PBC *     140,245       7,172,129  
Redwire *     157,603       3,872,306  
Rocket Lab *     91,686       13,155,107  

 

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

119

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Space Tech

 

    Shares     Value  
COMMON STOCK — continued                
Industrials — continued                
Satellogic, Cl A *     81,156     $ 771,794  
Sidus Space, Cl A *     68,061       334,180  
Spire Global, Cl A *     26,955       615,652  
Virgin Galactic Holdings *     79,407       490,735  
York Space Systems *     88,255       2,880,643  
              36,390,445  
Information Technology — 5.3%                
Frequency Electronics *     7,329       556,124  
Viasat *     37,566       3,028,571  
              3,584,695  
TOTAL UNITED STATES             52,445,848  
TOTAL COMMON STOCK
(Cost $63,771,409)
            67,657,969  
                 
    Face Amount          
U.S. TREASURY OBLIGATIONS — 22.1%                
U.S. Treasury Bills
3.636%, 06/30/2026(A)
  $ 15,000,000       14,956,183  
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $14,957,700)
          14,956,183  
                 
    Number of
Rights
         
RIGHTS — 0.0%                
South Korea — 0.0%                
Innospace*(B)
Expires 06/08/26 (Cost –)
    517       1,317  
                 
TOTAL RIGHTS
(Cost $–)
            1,317  
TOTAL INVESTMENTS — 122.2%
(Cost $78,729,109)
          $ 82,615,469  

 

Percentages are based on Net Assets of $67,590,132.

 

* Non-income producing security.
(A) Interest rate represents the security’s effective yield at the time of purchase.
(B) Level 3 security in accordance with fair value hierarchy.

 

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

120

 

Schedule of Investments May 31, 2026 (Unaudited)
Global X Space Tech

 

The following is a summary of the level of inputs used as of May 31, 2026, in valuing the Fund’s investments carried at value:

 

Investments in Securities   Level 1     Level 2     Level 3(1)     Total  
Common Stock   $ 67,657,969     $     $     $ 67,657,969  
U.S. Treasury Obligations           14,956,183             14,956,183  
Rights                 1,317       1,317  
Total Investments in Securities   $ 67,657,969     $ 14,956,183     $ 1,317     $ 82,615,469  

 

(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.

 

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.

121

 

Schedule of Investments May 31, 2026 (Unaudited)
Glossary (abbreviations which may be used in the preceding Schedules of Investments):

 

Fund Abbreviations

ADR — American Depositary Receipt

Cl — Class

ETF — Exchange-Traded Fund

NVDR — Non-Voting Depositary Receipt

PJSC — Public Joint Stock Company

REIT — Real Estate Investment Trust

 

122

 

 

Statements of Assets and Liabilities

May 31, 2026 (Unaudited)

 

 

    Global X
Millennial
Consumer ETF
  Global X Aging
Population ETF
  Global X FinTech
ETF
  Global X Internet
of Things ETF
Assets:                                
Cost of Investments   $ 108,601,140     $ 81,310,096     $ 264,905,797     $ 172,866,769  
Cost of Repurchase Agreement                 5,141,434       2,118,997  
Cost (Proceeds) of Foreign Currency           (506 )            
Investments, at Value   $ 97,671,989 *   $ 81,608,398     $ 195,360,973 *   $ 251,163,028 *
Repurchase Agreement, at Value                 5,141,434       2,118,997  
Cash     48,072       34,883       152,857        
Dividend, Interest, and Securities Lending Income Receivable     26,593       76,902       41,850       213,488  
Unrealized Appreciation on Spot Contracts                 42       10  
Receivable for Investment Securities Sold                 764,010       51,114  
Reclaim Receivable           136,371       154,103       195,357  
Total Assets     97,746,654       81,856,554       201,615,269       253,741,994  
Liabilities:                                
Obligation to Return Securities Lending Collateral     278,824             5,141,434       2,118,997  
Payable due to Investment Adviser     40,905       34,795       110,265       135,955  
Payable for Capital Shares Redeemed                 767,972        
Overdraft of Foreign Currency           507              
Cash Overdraft                       80,746  
Due to Custodian     14       3       63       315  
Total Liabilities     319,743       35,305       6,019,734       2,336,013  
Net Assets   $ 97,426,911     $ 81,821,249     $ 195,595,535     $ 251,405,981  
Net Assets Consist of:                                
Paid-in Capital   $ 126,966,528     $ 82,197,525     $ 499,476,003     $ 190,098,561  
Total Distributable Earnings (Accumulated Losses)     (29,539,617 )     (376,276 )     (303,880,468 )     61,307,420  
Net Assets   $ 97,426,911     $ 81,821,249     $ 195,595,535     $ 251,405,981  
Outstanding Shares of Beneficial Interest (unlimited authorization — no par value)     2,240,000       2,330,000       7,440,000       4,900,000  
Net Asset Value, Offering and Redemption Price Per Share     $43.49       $35.12       $26.29       $51.31  
*Includes Market Value of Securities on Loan   $ 280,433     $     $ 17,386,660     $ 5,810,461  

 

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

 

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

123

 

 

Statements of Assets and Liabilities

May 31, 2026 (Unaudited)

 

 

    Global X
Robotics &
Artificial
Intelligence ETF
  Global X U.S.
Infrastructure
Development
ETF
  Global X
Autonomous &
Electric Vehicles
ETF
  Global X
Artificial
Intelligence &
Technology ETF
Assets:                                
Cost of Investments   $ 2,925,026,701     $ 9,794,677,742     $ 389,516,220     $ 7,359,135,041  
Cost of Affiliated Investments           208,969,738              
Cost of Repurchase Agreement     101,681,371             8,351,600       60,615,230  
Cost (Proceeds) of Foreign Currency                 53,288       460,738  
Investments, at Value   $ 3,727,605,567 *   $ 13,333,759,931     $ 476,017,023 *   $ 10,850,089,789 *
Affiliated Investments, at Value           198,395,326              
Repurchase Agreement, at Value     101,681,371             8,351,600       60,615,230  
Cash     4,808,122       437,965       230,162       16,288,230  
Foreign Currency, at Value                 53,303       460,729  
Reclaim Receivable     7,908,586       478,089       543,100       903,798  
Dividend, Interest, and Securities Lending Income Receivable     4,858,851       12,340,512       445,601       5,685,729  
Receivable for Capital Shares Sold                       10,078,501  
Receivable for Variation Margin on Futures Contracts     55,020                    
Total Assets     3,846,917,517       13,545,411,823       485,640,789       10,944,122,006  
Liabilities:                                
Obligation to Return Securities Lending Collateral     101,681,371             8,351,600       60,615,230  
Payable due to Investment Adviser     2,128,325       5,353,160       254,077       5,591,292  
Overdraft of Foreign Currency     19,377                    
Payable for Investment Securities Purchased                       15,034,406  
Unrealized Depreciation on Spot Contracts                 29       25,815  
Due to Custodian     144       119       1        
Custodian Fees Payable                       4  
Total Liabilities     103,829,217       5,353,279       8,605,707       81,266,747  
Net Assets   $ 3,743,088,300     $ 13,540,058,544     $ 477,035,082     $ 10,862,855,259  
Net Assets Consist of:                                
Paid-in Capital   $ 3,756,574,006     $ 10,362,556,662     $ 632,760,338     $ 7,107,438,565  
Total Distributable Earnings (Accumulated Losses)     (13,485,706 )     3,177,501,882       (155,725,256 )     3,755,416,694  
Net Assets   $ 3,743,088,300     $ 13,540,058,544     $ 477,035,082     $ 10,862,855,259  
Outstanding Shares of Beneficial Interest (unlimited authorization — no par value)     93,240,000       240,480,000       11,470,002       161,680,002  
Net Asset Value, Offering and Redemption Price Per Share     $40.14       $56.30       $41.59       $67.19  
*Includes Market Value of Securities on Loan   $ 267,414,297     $ 11,803,885     $ 30,693,074     $ 98,907,529  

 

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

124

 

 

Statements of Assets and Liabilities

May 31, 2026 (Unaudited)

 

 

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

 

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

125

 

 

Statements of Assets and Liabilities

May 31, 2026 (Unaudited)

 

 

    Global X
Genomics &
Biotechnology
ETF
  Global X Cloud
Computing ETF
  Global X
Cybersecurity
ETF
  Global X Dorsey
Wright Thematic
ETF
Assets:                                
Cost of Investments   $ 68,083,875     $ 335,343,117     $ 1,061,674,753     $  
Cost of Affiliated Investments                       6,396,045  
Cost of Repurchase Agreement     1,700,474             13,767,085       1,753,706  
Investments, at Value   $ 59,137,586 *   $ 269,000,921 *   $ 1,173,374,736 *   $  
Affiliated Investments, at Value                       8,521,814  
Repurchase Agreement, at Value     1,700,474             13,767,085       1,753,706  
Cash     73,710       349,306       840,129        
Receivable for Capital Shares Sold     3,472,483                    
Dividend, Interest, and Securities Lending Income Receivable     4,799       61,154       633,058       1,510  
Reclaim Receivable           1,339       6,069        
Receivable due from Investment Adviser                       570  
Receivable for Variation Margin on Futures Contracts                 3,930        
Total Assets     64,389,052       269,412,720       1,188,625,007       10,277,600  
Liabilities:                                
Obligation to Return Securities Lending Collateral     1,700,474       517,335       13,767,085       1,753,706  
Payable for Investment Securities Purchased     3,403,633                    
Payable due to Investment Adviser     22,452       144,781       445,572        
Cash Overdraft                       9,814  
Custodian Fees Payable     56             131       9  
Total Liabilities     5,126,615       662,116       14,212,788       1,763,529  
Net Assets   $ 59,262,437     $ 268,750,604     $ 1,174,412,219     $ 8,514,071  
Net Assets Consist of:                                
Paid-in Capital   $ 195,369,064     $ 662,361,050     $ 1,271,262,236     $ 62,343,330  
Total Accumulated Losses     (136,106,627 )     (393,610,446 )     (96,850,017 )     (53,829,259 )
Net Assets   $ 59,262,437     $ 268,750,604     $ 1,174,412,219     $ 8,514,071  
Outstanding Shares of Beneficial Interest (unlimited authorization — no par value)     1,194,672       11,060,000       32,350,000       280,000  
Net Asset Value, Offering and Redemption Price Per Share     $49.61       $24.30       $36.30       $30.41  
*Includes Market Value of Securities on Loan   $ 6,768,940     $ 202,350     $ 23,046,344     $ 1,710,913  

 

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

 

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

126

 

 

Statements of Assets and Liabilities

May 31, 2026 (Unaudited)

 

 

    Global X Video
Games & Esports
ETF
  Global X
HealthTech ETF
  Global X
ClimateTech ETF
  Global X Data
Center & Digital
Infrastructure
ETF
Assets:                                
Cost of Investments   $ 87,302,468     $ 41,197,034     $ 48,877,430     $ 1,708,101,517  
Cost of Repurchase Agreement                 2,867,048       53,517,882  
Cost (Proceeds) of Foreign Currency     (727 )     1              
Investments, at Value   $ 69,297,486 *   $ 26,115,083 *   $ 33,797,769 *   $ 2,150,584,050 *
Repurchase Agreement, at Value                 2,867,048       53,517,882  
Cash     17,078       2,576       24,035       3,236,760  
Foreign Currency, at Value           1              
Dividend, Interest, and Securities Lending Income Receivable     256,202       36,059       1,958       3,315,638  
Reclaim Receivable     17,552       14,799       13,545        
Unrealized Appreciation on Spot Contracts                 7        
Receivable for Capital Shares Sold                       10,077,035  
Total Assets     69,588,318       26,168,518       36,704,362       2,220,731,365  
Liabilities:                                
Obligation to Return Securities Lending Collateral     4,993,241       1,116,453       2,867,048       53,517,882  
Payable due to Investment Adviser     28,807       10,539       13,391       812,319  
Overdraft of Foreign Currency     714                    
Payable for Investment Securities Purchased                 10,686       12,180,124  
Unrealized Depreciation on Spot Contracts                 41       7,018  
Custodian Fees Payable     30       65             38  
Total Liabilities     5,022,792       1,127,057       2,891,166       66,517,381  
Net Assets   $ 64,565,526     $ 25,041,461     $ 33,813,196     $ 2,154,213,984  
Net Assets Consist of:                                
Paid-in Capital   $ 181,790,035     $ 191,895,342     $ 121,978,728     $ 1,576,964,654  
Total Distributable Earnings (Accumulated Losses)     (117,224,509 )     (166,853,881 )     (88,165,532 )     577,249,330  
Net Assets   $ 64,565,526     $ 25,041,461     $ 33,813,196     $ 2,154,213,984  
Outstanding Shares of Beneficial Interest (unlimited authorization — no par value)     2,520,000       999,868       439,925       68,410,000  
Net Asset Value, Offering and Redemption Price Per Share     $25.62       $25.04       $76.86       $31.49  
*Includes Market Value of Securities on Loan   $ 4,913,615     $ 1,093,119     $ 3,948,054     $ 53,403,491  

 

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

 

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

127

 

 

Statements of Assets and Liabilities

May 31, 2026 (Unaudited)

 

 

    Global X Clean
Water ETF
  Global X
AgTech & Food
Innovation ETF
  Global X
Blockchain ETF
  Global X
Hydrogen ETF
Assets:                                
Cost of Investments   $ 25,451,015     $ 8,996,861     $ 347,282,897     $ 100,165,750  
Cost of Repurchase Agreement           762,352       18,119,636       6,213,200  
Cost (Proceeds) of Foreign Currency     (176 )     12,707       3       (579 )
Investments, at Value   $ 22,851,169     $ 9,169,351 *   $ 389,257,758 *   $ 163,124,522 *
Repurchase Agreement, at Value           762,352       18,119,636       6,213,200  
Cash           9,778       545,530       1,176,403  
Foreign Currency, at Value           12,712       3        
Receivable for Investment Securities Sold     928,153       929,457             27,226,292  
Dividend, Interest, and Securities Lending Income Receivable     89,137       4,736       41,768       137,172  
Reclaim Receivable     504       1,073             3,421  
Unrealized Appreciation on Spot Contracts                       7,021  
Total Assets     23,868,963       10,889,459       407,964,695       197,888,031  
Liabilities:                                
Obligation to Return Securities Lending Collateral           762,352       18,119,636       6,213,200  
Payable for Capital Shares Redeemed     936,566                    
Payable due to Investment Adviser     10,542       3,936       156,649       58,897  
Payable for Investment Securities Purchased     9,777       953,355             23,751,512  
Overdraft of Foreign Currency     175                   573  
Unrealized Depreciation on Spot Contracts     13       129              
Cash Overdraft     60,493                    
Custodian Fees Payable     2             1,226       14  
Total Liabilities     1,017,568       1,719,772       18,277,511       30,024,196  
Net Assets   $ 22,851,395     $ 9,169,687     $ 389,687,184     $ 167,863,835  
Net Assets Consist of:                                
Paid-in Capital   $ 25,350,486     $ 14,004,202     $ 442,142,199     $ 148,841,946  
Total Distributable Earnings (Accumulated Losses)     (2,499,091 )     (4,834,515 )     (52,455,015 )     19,021,889  
Net Assets   $ 22,851,395     $ 9,169,687     $ 389,687,184     $ 167,863,835  
Outstanding Shares of Beneficial Interest (unlimited authorization — no par value)     1,220,000       263,283       4,235,860       2,389,895  
Net Asset Value, Offering and Redemption Price Per Share     $18.73       $34.83       $92.00       $70.24  
*Includes Market Value of Securities on Loan   $     $ 717,636     $ 65,817,484     $ 22,531,666  

 

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

 

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

128

 

 

Statements of Assets and Liabilities

May 31, 2026 (Unaudited)

 

 

    Global X Defense
Tech ETF
  Global X
Infrastructure
Development ex-
U.S. ETF
  Global X AI
Semiconductor &
Quantum ETF
  Global X Space
Tech ETF
Assets:                                
Cost of Investments   $ 7,356,011,248     $ 4,466,899     $ 195,307,889     $ 78,729,109  
Cost of Repurchase Agreement     97,688,150                    
Cost (Proceeds) of Foreign Currency     (15,400 )     (55,324 )           1,933  
Investments, at Value   $ 8,129,009,294 *   $ 5,415,944     $ 227,931,869     $ 82,615,469  
Repurchase Agreement, at Value     97,688,150                    
Cash     8,752,903                    
Foreign Currency, at Value                       1,933  
Receivable for Investment Securities Sold     865,006,741       1,431,370       46,465,584       13,091,684  
Receivable for Capital Shares Sold     108,893,759       339,443       29,640,967       6,993,638  
Dividend, Interest, and Securities Lending Income Receivable     8,099,656       15,498       2,853        
Reclaim Receivable     299,852       1,247              
Unrealized Appreciation on Spot Contracts           235              
Total Assets     9,217,750,355       7,203,737       304,041,273       102,702,724  
Liabilities:                                
Obligation to Return Securities Lending Collateral     97,688,150                    
Payable for Investment Securities Purchased     1,019,285,568       1,324,223       43,434,118       27,752,704  
Payable due to Investment Adviser     3,305,658       2,544       68,622       10,541  
Unrealized Depreciation on Spot Contracts     26,749             5,806       4,183  
Overdraft of Foreign Currency     15,929       55,324              
Payable for Capital Shares Redeemed           340,076       30,306,676       6,760,227  
Accrued Foreign Capital Gains Tax on Appreciated Securities           11,875              
Cash Overdraft           30,751       2,980,855       584,924  
Custodian Fees Payable     3             331       13  
Total Liabilities     1,120,322,057       1,764,793       76,796,408       35,112,592  
Net Assets   $ 8,097,428,298     $ 5,438,944     $ 227,244,865     $ 67,590,132  
Net Assets Consist of:                                
Paid-in Capital   $ 7,531,378,944     $ 4,224,237     $ 183,893,934     $ 61,418,227  
Total Distributable Earnings     566,049,354       1,214,707       43,350,931       6,171,905  
Net Assets   $ 8,097,428,298     $ 5,438,944     $ 227,244,865     $ 67,590,132  
Outstanding Shares of Beneficial Interest (unlimited authorization — no par value)     119,760,000       160,000       2,250,000       900,000  
Net Asset Value, Offering and Redemption Price Per Share     $67.61       $33.99       $101.00       $75.10  
*Includes Market Value of Securities on Loan   $ 152,575,832     $     $     $  

 

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

129

 

 

Statements of Assets and Liabilities

May 31, 2026 (Unaudited)

 

 

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

 

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

130

 

 

Statements of Operations

For the period ended May 31, 2026 (Unaudited)

 

 

    Global X
Millennial
Consumer ETF
  Global X Aging
Population ETF
  Global X
FinTech ETF
  Global X
Internet of
Things ETF
Investment Income:                                
Dividend Income   $ 379,601     $ 729,451     $ 925,529     $ 1,158,123  
Interest Income     1,217       1,425       787       2,177  
Security Lending Income, Net     981             84,637       149,502  
Less: Foreign Taxes Withheld           (48,056 )     (7,665 )     (55,113 )
Total Investment Income     381,799       682,820       1,003,288       1,254,689  
Expenses:                                
Supervision and Administration Fees(1)     256,152       201,969       732,227       703,647  
Custodian Fees(2)     16       616       13,323       2,159  
Total Expenses     256,168       202,585       745,550       705,806  
Net Investment Income     125,631       480,235       257,738       548,883  
Net Realized Gain (Loss) on:                                
Investments(3)     (1,233,564 )     3,960,426       (30,324,252 )     8,923,579  
Foreign Currency Transactions           (139 )     1,464       10,169  
Net Realized Gain (Loss)     (1,233,564 )     3,960,287       (30,322,788 )     8,933,748  
Net Change in Unrealized Appreciation (Depreciation) on:                                
Investments     (6,303,363 )     (7,837,175 )     (6,825,553 )     63,874,693  
Foreign Currency Translations           3,856       (3,692 )     (3,658 )
Net Change in Unrealized Appreciation (Depreciation)     (6,303,363 )     (7,833,319 )     (6,829,245 )     63,871,035  
Net Realized and Unrealized Gain (Loss)     (7,536,927 )     (3,873,032 )     (37,152,033 )     72,804,783  
Net Increase (Decrease) in Net Assets Resulting from Operations   $ (7,411,296 )   $ (3,392,797 )   $ (36,894,295 )   $ 73,353,666  

 

(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.)

 

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

 

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

131

 

 

Statements of Operations

For the period ended May 31, 2026 (Unaudited)

 

 

    Global X
Robotics &
Artificial
Intelligence ETF
  Global X U.S.
Infrastructure
Development
ETF
  Global X
Autonomous &
Electric Vehicles
ETF
  Global X
Artificial
Intelligence &
Technology ETF
Investment Income:                                
Dividend Income   $ 12,519,191     $ 61,453,975     $ 1,876,480     $ 32,285,002  
Dividend Income, from Affiliated Investments           680,973              
Interest Income     77,484       131,835       5,976       123,334  
Security Lending Income, Net     2,025,565       11,383       434,394       463,329  
Less: Foreign Taxes Withheld     (1,408,238 )           (134,040 )     (2,572,892 )
Total Investment Income     13,214,002       62,278,166       2,182,810       30,298,773  
Expenses:                                
Supervision and Administration Fees(1)     11,308,650       27,444,506       1,242,033       27,102,922  
Custodian Fees(2)     15,401       2,470       2,221       56,520  
Total Expenses     11,324,051       27,446,976       1,244,254       27,159,442  
Net Investment Income     1,889,951       34,831,190       938,556       3,139,331  
Net Realized Gain (Loss) on:                                
Investments(3)     (156,129,220 )     531,499,908       9,567,302       375,588,250  
Affiliated Investments           3,299,209              
Futures Contracts     116,334       578,726              
Foreign Currency Transactions     (743,038 )           (36,851 )     (5,103,950 )
Net Realized Gain (Loss)     (156,755,924 )     535,377,843       9,530,451       370,484,300  
Net Change in Unrealized Appreciation (Depreciation) on:                                
Investments     597,890,731       1,174,159,338       122,715,075       2,275,006,349  
Affiliated Investments           22,365,634              
Futures Contracts     2,505,351       (338,131 )            
Foreign Currency Translations     335,658             10,666       13,786  
Net Change in Unrealized Appreciation (Depreciation)     600,731,740       1,196,186,841       122,725,741       2,275,020,135  
Net Realized and Unrealized Gain (Loss)     443,975,816       1,731,564,684       132,256,192       2,645,504,435  
Net Increase in Net Assets Resulting from Operations   $ 445,865,767     $ 1,766,395,874     $ 133,194,748     $ 2,648,643,766  

 

(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.)

 

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

 

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

132

 

 

Statements of Operations

For the period ended May 31, 2026 (Unaudited)

 

 

    Global X
Genomics &
Biotechnology
ETF
  Global X Cloud
Computing ETF
  Global X
Cybersecurity
ETF
  Global X Dorsey
Wright Thematic
ETF
Investment Income:                                
Dividend Income   $ 201,360     $ 218,900     $ 2,262,393     $  
Dividend Income, from Affiliated Investments                       71,562  
Interest Income     819       2,798       9,819       51  
Security Lending Income, Net     9,761       18,841       968,830       7,388  
Less: Foreign Taxes Withheld           (1,563 )     (167,179 )      
Total Investment Income     211,940       238,976       3,073,863       79,001  
Expenses:                                
Supervision and Administration Fees(1)     129,572       793,739       2,285,704       19,640  
Custodian Fees(2)     747       145       27,446       38  
Total Expenses     130,319       793,884       2,313,150       19,678  
Net Investment Income (Loss)     81,621       (554,908 )     760,713       59,323  
Net Realized Gain (Loss) on:                                
Investments(3)     2,642,505       (17,882,826 )     109,402,715        
Affiliated Investments                       (589,811)  
Futures Contracts                 (21,625 )      
Foreign Currency Transactions     (400 )     (6,916 )     (38,894 )      
Payment from Adviser(4)                       23,515  
Net Realized Gain (Loss)     2,642,105       (17,889,742 )     109,342,196       (566,296 )
Net Change in Unrealized Appreciation (Depreciation) on:                                
Investments     1,678,675       35,285,674       78,790,232        
Affiliated Investments                       1,899,832  
Futures Contracts                 200,650        
Foreign Currency Translations           (7 )     7,994        
Net Change in Unrealized Appreciation (Depreciation)     1,678,675       35,285,667       78,998,876       1,899,832  
Net Realized and Unrealized Gain (Loss)     4,320,780       17,395,925       188,341,072       1,333,536  
Net Increase in Net Assets Resulting from Operations   $ 4,402,401     $ 16,841,017     $ 189,101,785     $ 1,392,859  

 

(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 either $0 or have been rounded to $0.

 

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

133

 

 

Statements of Operations

For the period ended May 31, 2026 (Unaudited)

 

 

    Global X Video
Games &
Esports ETF
    Global X
HealthTech ETF
    Global X
ClimateTech
ETF
    Global X Data
Center & Digital
Infrastructure
ETF
 
Investment Income:                                
Dividend Income   $ 642,824     $ 51,684     $ 64,668     $ 10,841,365  
Interest Income     1,402       280       271       21,985  
Security Lending Income, Net     45,791       1,972       32,474       186,863  
Less: Foreign Taxes Withheld     (49,515 )     (6,191 )     (8,365 )     (249,161 )
Total Investment Income     640,502       47,745       89,048       10,801,052  
Expenses:                                
Supervision and Administration Fees(1)     223,747       83,571       70,320       3,023,782  
Custodian Fees(2)     217       82       132       18,475  
Total Expenses     223,964       83,653       70,452       3,042,257  
Net Investment Income (Loss)     416,538       (35,908 )     18,596       7,758,795  
Net Realized Gain (Loss) on:                                
Investments(3)     (6,272,421 )     (4,667,640 )     (515,568 )     145,911,604  
Foreign Currency Transactions     10,948       (608 )     (6,509 )     (960,464 )
Net Realized Gain (Loss)     (6,261,473 )     (4,668,248 )     (522,077 )     144,951,140  
Net Change in Unrealized Appreciation (Depreciation) on:                                
Investments     (11,813,413 )     (4,317,981 )     10,023,951       379,442,690  
Foreign Currency Translations     3,965       (16 )     16       (6,132 )
Net Change in Unrealized Appreciation (Depreciation)     (11,809,448 )     (4,317,997 )     10,023,967       379,436,558  
Net Realized and Unrealized Gain (Loss)     (18,070,921 )     (8,986,245 )     9,501,890       524,387,698  
Net Increase (Decrease) in Net Assets Resulting from Operations   $ (17,654,383 )   $ (9,022,153 )   $ 9,520,486     $ 532,146,493  
   
(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.)

 

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

 

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

134

     
 

 

Statements of Operations

For the period ended May 31, 2026 (Unaudited)

 

 

    Global X Clean
Water ETF
    Global X
AgTech & Food
Innovation ETF
    Global X
Blockchain ETF
    Global X
Hydrogen ETF
 
Investment Income:                                
Dividend Income   $ 268,172     $ 70,776     $ 44,941     $ 69,368  
Interest Income     1,103       310       7,633       2,263  
Security Lending Income, Net           4,702       451,285       1,143,418  
Less: Foreign Taxes Withheld     (4,180 )     (6,022 )           (2,095 )
Total Investment Income     265,095       69,766       503,859       1,212,954  
Expenses:                                
Supervision and Administration Fees(1)     64,101       18,536       754,267       188,871  
Custodian Fees(2)     331       30       1,476       619  
Total Expenses     64,432       18,566       755,743       189,490  
Net Investment Income (Loss)     200,663       51,200       (251,884 )     1,023,464  
Net Realized Gain (Loss) on:                                
Investments(3)     619,520       (76,273 )     86,890,201       3,595,013  
Foreign Currency Transactions     (1,484 )     (287 )     3,246       (42,787 )
Net Realized Gain (Loss)     618,036       (76,560 )     86,893,447       3,552,226  
Net Change in Unrealized Appreciation (Depreciation) on:                                
Investments     (2,390,580 )     820,529       (44,020,078 )     59,598,636  
Foreign Currency Translations     344       (120 )     5       9,036  
Net Change in Unrealized Appreciation (Depreciation)     (2,390,236 )     820,409       (44,020,073 )     59,607,672  
Net Realized and Unrealized Gain (Loss)     (1,772,200 )     743,849       42,873,374       63,159,898  
Net Increase (Decrease) in Net Assets Resulting from Operations   $ (1,571,537 )   $ 795,049     $ 42,621,490     $ 64,183,362  
   
(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.)

 

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

 

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

135

     
 

 

Statements of Operations

For the period ended May 31, 2026 (Unaudited)

 

 

    Global X
Defense Tech
ETF
    Global X
Infrastructure
Development
ex-U.S. ETF
    Global X AI
Semiconductor
& Quantum ETF
    Global X Space
Tech ETF
(1)
 
Investment Income:                                
Dividend Income   $ 42,723,895     $ 63,656     $ 60,904     $ 2,606  
Interest Income     96,862       211       481       70  
Security Lending Income, Net     489,228                    
Reclaim Income           3,279              
Less: Foreign Taxes Withheld     (2,379,511 )     (10,195 )     (6,457 )     (678 )
Total Investment Income     40,930,474       56,951       54,928       1,998  
Expenses:                                
Supervision and Administration Fees(2)     17,853,076       13,808       109,370       11,724  
Custodian Fees(3)     1,489       2       350       13  
Total Expenses     17,854,565       13,810       109,720       11,737  
Net Investment Income (Loss)     23,075,909       43,141       (54,792 )     (9,739 )
Net Realized Gain (Loss) on:                                
Investments(4)     (164,557,937 )     353,787       10,897,043       2,295,952  
Foreign Currency Transactions     (276,027 )     (849 )     (48,025 )     1,729  
Net Realized Gain (Loss)     (164,833,964 )     352,938       10,849,018       2,297,681  
Net Change in Unrealized Appreciation (Depreciation) on:                                
Investments     247,175,558       457,013       32,555,115       3,886,360  
Foreign Capital Gains Tax on Appreciated Securities           (4,232 )            
Foreign Currency Translations     (18,057 )     603       (4,984 )     (2,397 )
Net Change in Unrealized Appreciation (Depreciation)     247,157,501       453,384       32,550,131       3,883,963  
Net Realized and Unrealized Gain (Loss)     82,323,537       806,322       43,399,149       6,181,644  
Net Increase in Net Assets Resulting from Operations   $ 105,399,446     $ 849,463     $ 43,344,357     $ 6,171,905  
   
(1) The Fund commenced operations on April 14, 2026.
(2) The Supervision and Administration fees includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in the Notes to Financial Statements.)
(3) See Note 2 in the Notes to Financial Statements.
(4) Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in the Notes to Financial Statements.)

 

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

 

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

136

     
 

 

Statements of Changes in Net Assets

 

 

    Global X Millennial Consumer ETF   Global X Aging Population ETF
    Period Ended
May 31, 2026
(Unaudited)
  Year Ended
November 30,
2025
  Period Ended
May 31, 2026
(Unaudited)
  Year Ended
November 30,
2025
Operations:                                
Net Investment Income   $ 125,631     $ 226,485     $ 480,235     $ 561,115  
Net Realized Gain (Loss)     (1,233,564 )     3,126,942       3,960,287       2,222,433  
Net Change in Unrealized Appreciation (Depreciation)     (6,303,363 )     (3,505,543 )     (7,833,319 )     7,318,652  
Net Increase (Decrease) in Net Assets Resulting from Operations     (7,411,296 )     (152,116 )     (3,392,797 )     10,102,200  
Distributions:     (234,440 )     (277,563 )     (342,674 )     (533,688 )
Capital Share Transactions:                                
Issued     14,776,828       4,543,344       24,167,307       17,399,379  
Redeemed     (19,883,568 )     (24,965,281 )     (14,580,508 )     (12,900,220 )
Increase (Decrease) in Net Assets from Capital Share Transactions     (5,106,740 )     (20,421,937 )     9,586,799       4,499,159  
Total Increase (Decrease) in Net Assets     (12,752,476 )     (20,851,616 )     5,851,328       14,067,671  
Net Assets:                                
Beginning of Year/Period     110,179,387       131,031,003       75,969,921       61,902,250  
End of Year/Period   $ 97,426,911     $ 110,179,387     $ 81,821,249     $ 75,969,921  
Share Transactions:                                
Issued     330,000       100,000       660,000       510,000  
Redeemed     (450,000 )     (530,000 )     (400,000 )     (380,000 )
Net Increase (Decrease) in Shares Outstanding from Share Transactions     (120,000 )     (430,000 )     260,000       130,000  

 

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

137

     
 

 

Statements of Changes in Net Assets

 

 

    Global X FinTech ETF   Global X Internet of Things ETF
    Period Ended
May 31, 2026
(Unaudited)
  Year Ended
November 30,
2025
  Period Ended
May 31, 2026
(Unaudited)
  Year Ended
November 30,
2025
Operations:                                
Net Investment Income (Loss)   $ 257,738     $ (436,322 )   $ 548,883     $ 1,357,421  
Net Realized Gain (Loss)     (30,322,788 )     (5,679,509 )     8,933,748       21,428,486  
Net Change in Unrealized Appreciation (Depreciation)     (6,829,245 )     (25,781,049 )     63,871,035       (16,913,417 )
Net Increase (Decrease) in Net Assets Resulting from Operations     (36,894,295 )     (31,896,880 )     73,353,666       5,872,490  
Distributions:     (1,451,661 )     (1,677,055 )     (797,571 )     (1,496,685 )
Capital Share Transactions:                                
Issued     15,699,558       15,877,695       15,290,117       31,771,139  
Redeemed     (47,736,239 )     (65,782,539 )     (36,697,454 )     (76,611,855 )
Decrease in Net Assets from Capital Share Transactions     (32,036,681 )     (49,904,844 )     (21,407,337 )     (44,840,716 )
Total Increase (Decrease) in Net Assets     (70,382,637 )     (83,478,779 )     51,148,758       (40,464,911 )
Net Assets:                                
Beginning of Year/Period     265,978,172       349,456,951       200,257,223       240,722,134  
End of Year/Period   $ 195,595,535     $ 265,978,172     $ 251,405,981     $ 200,257,223  
Share Transactions:                                
Issued     630,000       480,000       390,000       910,000  
Redeemed     (1,860,000 )     (2,100,000 )     (940,000 )     (2,120,000 )
Net Decrease in Shares Outstanding from Share Transactions     (1,230,000 )     (1,620,000 )     (550,000 )     (1,210,000 )

 

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

138

     
 

 

Statements of Changes in Net Assets

 

 

    Global X Robotics & Artificial
Intelligence ETF
  Global X U.S. Infrastructure
Development ETF
    Period Ended
May 31, 2026
(Unaudited)
  Year Ended
November 30,
2025
  Period Ended
May 31, 2026
(Unaudited)
  Year Ended
November 30,
2025
Operations:                                
Net Investment Income   $ 1,889,951     $ 10,511,985     $ 34,831,190     $ 55,224,532  
Net Realized Gain (Loss)     (156,755,924 )     11,730,147       535,377,843       858,501,102  
Net Change in Unrealized Appreciation (Depreciation)     600,731,740       133,261,675       1,196,186,841       (441,579,096 )
Net Increase in Net Assets Resulting from Operations     445,865,767       155,503,807       1,766,395,874       472,146,538  
Distributions:     (13,706,276 )     (6,592,167 )     (68,419,381 )     (51,346,847 )
Capital Share Transactions:                                
Issued     434,088,266       551,271,332       3,077,404,211       1,957,251,235  
Redeemed     (141,908,189 )     (329,902,279 )     (1,069,085,246 )     (2,260,141,332 )
Increase (Decrease) in Net Assets from Capital Share Transactions     292,180,077       221,369,053       2,008,318,965       (302,890,097 )
Total Increase in Net Assets     724,339,568       370,280,693       3,706,295,458       117,909,594  
Net Assets:                                
Beginning of Year/Period     3,018,748,732       2,648,468,039       9,833,763,086       9,715,853,492  
End of Year/Period   $ 3,743,088,300     $ 3,018,748,732     $ 13,540,058,544     $ 9,833,763,086  
Share Transactions:                                
Issued     11,470,000       16,670,000       58,460,000       45,600,000  
Redeemed     (3,980,000 )     (10,570,000 )     (20,690,000 )     (55,430,000 )
Net Increase (Decrease) in Shares Outstanding from Share Transactions     7,490,000       6,100,000       37,770,000       (9,830,000 )

 

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

139

     
 

 

Statements of Changes in Net Assets

 

 

    Global X Autonomous & Electric
Vehicles ETF
  Global X Artificial Intelligence &
Technology ETF
    Period Ended
May 31, 2026
(Unaudited)
  Year Ended
November 30,
2025
  Period Ended
May 31, 2026
(Unaudited)
  Year Ended
November 30,
2025
Operations:                                
Net Investment Income   $ 938,556     $ 3,918,559     $ 3,139,331     $ 2,313,029  
Net Realized Gain (Loss)     9,530,451       (87,608,887 )     370,484,300       192,894,636  
Net Change in Unrealized Appreciation (Depreciation)     122,725,741       159,814,420       2,275,020,135       830,167,627  
Net Increase in Net Assets Resulting from Operations     133,194,748       76,124,092       2,648,643,766       1,025,375,292  
Distributions:     (1,619,484 )     (7,150,304 )     (6,499,881 )     (4,826,023 )
Capital Share Transactions:                                
Issued     69,276,993       9,096,198       1,942,990,112       4,052,982,854  
Redeemed     (55,498,264 )     (161,461,689 )     (687,939,678 )     (598,560,737 )
Increase (Decrease) in Net Assets from Capital Share Transactions     13,778,729       (152,365,491 )     1,255,050,434       3,454,422,117  
Total Increase (Decrease) in Net Assets     145,353,993       (83,391,703 )     3,897,194,319       4,474,971,386  
Net Assets:                                
Beginning of Year/Period     331,681,089       415,072,792       6,965,660,940       2,490,689,554  
End of Year/Period   $ 477,035,082     $ 331,681,089     $ 10,862,855,259     $ 6,965,660,940  
Share Transactions:                                
Issued     1,940,000       360,000       35,950,000       89,310,000  
Redeemed     (1,720,000 )     (6,670,000 )     (13,370,000 )     (14,480,000 )
Net Increase (Decrease) in Shares Outstanding from Share Transactions     220,000       (6,310,000 )     22,580,000       74,830,000  

 

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

140

     
 

 

Statements of Changes in Net Assets

 

 

    Global X Genomics &
Biotechnology ETF
  Global X Cloud Computing ETF
    Period Ended
May 31, 2026
(Unaudited)
  Year Ended
November 30,
2025
  Period Ended
May 31, 2026
(Unaudited)
  Year Ended
November 30,
2025
Operations:                                
Net Investment Income (Loss)   $ 81,621     $ 23,281     $ (554,908 )   $ (1,662,473 )
Net Realized Gain (Loss)     2,642,105       (33,698,713 )     (17,889,742 )     (2,946,884 )
Net Change in Unrealized Appreciation (Depreciation)     1,678,675       32,455,516       35,285,667       (21,849,545 )
Net Increase (Decrease) in Net Assets Resulting from Operations     4,402,401       (1,219,916 )     16,841,017       (26,458,902 )
Distributions:     (670,831 )     (43,713 )            
Capital Share Transactions:                                
Issued     12,165,567       84,607       35,619,740       67,259,277  
Redeemed     (11,161,537 )     (23,450,617 )     (58,224,005 )     (142,784,533 )
Increase (Decrease) in Net Assets from Capital Share Transactions     1,004,030       (23,366,010 )     (22,604,265 )     (75,525,256 )
Total Increase (Decrease) in Net Assets     4,735,600       (24,629,639 )     (5,763,248 )     (101,984,158 )
Net Assets:                                
Beginning of Year/Period     54,526,837       79,156,476       274,513,852       376,498,010  
End of Year/Period   $ 59,262,437     $ 54,526,837     $ 268,750,604     $ 274,513,852  
Share Transactions:                                
Issued     260,000       2,518       1,660,000       2,980,000  
Redeemed     (240,000 )     (655,346 )     (2,690,000 )     (6,170,000 )
Net Increase (Decrease) in Shares Outstanding from Share Transactions     20,000       (652,828 )     (1,030,000 )     (3,190,000 )
   
Share transactions have been adjusted to reflect the effect of a 1 for 4 reverse share split on August 29, 2025. (See Note 10 in the Notes to Financial Statements).

 

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

 

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

141

     
 

 

Statements of Changes in Net Assets

 

 

    Global X Cybersecurity ETF   Global X Dorsey Wright Thematic
ETF
    Period Ended
May 31, 2026
(Unaudited)
  Year Ended
November 30,
2025
  Period Ended
May 31, 2026
(Unaudited)
  Year Ended
November 30,
2025
Operations:                                
Net Investment Income (Loss)   $ 760,713     $ (1,020,487 )   $ 59,323     $ 53,777  
Net Realized Gain (Loss)     109,342,196       (34,625,732 )     (566,296 )     (5,755,500 )
Net Change in Unrealized Appreciation (Depreciation)     78,998,876       (35,282,617 )     1,899,832       5,403,453  
Net Increase (Decrease) in Net Assets Resulting from Operations     189,101,785       (70,928,836 )     1,392,859       (298,270 )
Distributions:     (370,950 )           (90,804 )     (99,799 )
Return of Capital:           (755,500 )            
Capital Share Transactions:                                
Issued     267,735,411       363,941,321       1,172,704       561,819  
Redeemed     (281,413,134 )     (112,205,675 )     (3,110,243 )     (6,797,069 )
Increase (Decrease) in Net Assets from Capital Share Transactions     (13,677,723 )     251,735,646       (1,937,539 )     (6,235,250 )
Total Increase (Decrease) in Net Assets     175,053,112       180,051,310       (635,484 )     (6,633,319 )
Net Assets:                                
Beginning of Year/Period     999,359,107       819,307,797       9,149,555       15,782,874  
End of Year/Period   $ 1,174,412,219     $ 999,359,107     $ 8,514,071     $ 9,149,555  
Share Transactions:                                
Issued     9,850,000       10,700,000       40,000       20,000  
Redeemed     (9,310,000 )     (3,390,000 )     (120,000 )     (280,000 )
Net Increase (Decrease) in Shares Outstanding from Share Transactions     540,000       7,310,000       (80,000 )     (260,000 )

 

 

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

 

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

142

     
 

 

Statements of Changes in Net Assets

 

 

    Global X Video Games & Esports
ETF
  Global X HealthTech ETF
    Period Ended
May 31, 2026
(Unaudited)
  Year Ended
November 30,
2025
  Period Ended
May 31, 2026
(Unaudited)
  Year Ended
November 30,
2025
Operations:                                
Net Investment Income (Loss)   $ 416,538     $ 1,351,191     $ (35,908 )   $ 326,526  
Net Realized Gain (Loss)     (6,261,473 )     (8,670,536 )     (4,668,248 )     (28,833,251 )
Net Change in Unrealized Appreciation (Depreciation)     (11,809,448 )     40,090,405       (4,317,997 )     28,883,151  
Net Increase (Decrease) in Net Assets Resulting from Operations     (17,654,383 )     32,771,060       (9,022,153 )     376,426  
Distributions:     (1,188,567 )     (1,621,103 )     (100,571 )     (32,853 )
Capital Share Transactions:                                
Issued     1,351,757       49,896,037       1,838,535       17,400,715  
Redeemed     (39,616,309 )     (68,226,614 )     (18,723,602 )     (10,205,613 )
Increase (Decrease) in Net Assets from Capital Share Transactions     (38,264,552 )     (18,330,577 )     (16,885,067 )     7,195,102  
Total Increase (Decrease) in Net Assets     (57,107,502 )     12,819,380       (26,007,791 )     7,538,675  
Net Assets:                                
Beginning of Year/Period     121,673,028       108,853,648       51,049,252       43,510,577  
End of Year/Period   $ 64,565,526     $ 121,673,028     $ 25,041,461     $ 51,049,252  
Share Transactions:                                
Issued     50,000       1,660,000       60,000       556,667  
Redeemed     (1,400,000 )     (2,260,000 )     (670,000 )     (333,466 )
Net Increase (Decrease) in Shares Outstanding from Share Transactions     (1,350,000 )     (600,000 )     (610,000 )     223,201  
   
Share transactions have been adjusted to reflect the effect of a 1 for 3 reverse share split on August 29, 2025. (See Note 10 in the Notes to Financial Statements).

 

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

 

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

143

     
 

 

Statements of Changes in Net Assets

 

 

    Global X ClimateTech ETF   Global X Data Center & Digital
Infrastructure ETF
    Period Ended
May 31, 2026
(Unaudited)
  Year Ended
November 30,
2025
  Period Ended
May 31, 2026
(Unaudited)
  Year Ended
November 30,
2025
Operations:                                
Net Investment Income   $ 18,596     $ 249,814     $ 7,758,795     $ 3,636,853  
Net Realized Gain (Loss)     (522,077 )     (32,063,155 )     144,951,140       5,267,234  
Net Change in Unrealized Appreciation (Depreciation)     10,023,967       40,511,593       379,436,558       52,181,465  
Net Increase in Net Assets Resulting from Operations     9,520,486       8,698,252       532,146,493       61,085,552  
Distributions:     (140,082 )     (425,046 )     (4,772,701 )     (3,135,289 )
Capital Share Transactions:                                
Issued     2,231       3,675,048       1,095,802,746       467,408,167  
Redeemed     (5,596,094 )     (16,767,157 )     (93,482,770 )     (39,135,213 )
Increase (Decrease) in Net Assets from Capital Share Transactions     (5,593,863 )     (13,092,109 )     1,002,319,976       428,272,954  
Total Increase (Decrease) in Net Assets     3,786,541       (4,818,903 )     1,529,693,768       486,223,217  
Net Assets:                                
Beginning of Year/Period     30,026,655       34,845,558       624,520,216       138,296,999  
End of Year/Period   $ 33,813,196     $ 30,026,655     $ 2,154,213,984     $ 624,520,216  
Share Transactions:                                
Issued           86,000       42,250,000       24,340,000  
Redeemed     (100,000 )     (486,075 )     (3,800,000 )     (2,250,000 )
Net Increase (Decrease) in Shares Outstanding from Share Transactions     (100,000 )     (400,075 )     38,450,000       22,090,000  
   
Share transactions have been adjusted to reflect the effect of a 1 for 5 reverse share split on August 29, 2025. (See Note 10 in the Notes to Financial Statements).

 

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

144

     
 

 

Statements of Changes in Net Assets

 

 

    Global X Clean Water ETF   Global X AgTech & Food
Innovation ETF
    Period Ended
May 31, 2026
(Unaudited)
  Year Ended
November 30,
2025
  Period Ended
May 31, 2026
(Unaudited)
  Year Ended
November 30,
2025
Operations:                                
Net Investment Income   $ 200,663     $ 200,571     $ 51,200     $ 168,458  
Net Realized Gain (Loss)     618,036       1,983,669       (76,560 )     (67,639 )
Net Change in Unrealized Appreciation (Depreciation)     (2,390,236 )     (1,846,496 )     820,409       (194,342 )
Net Increase (Decrease) in Net Assets Resulting from Operations     (1,571,537 )     337,744       795,049       (93,523 )
Distributions:     (182,518 )     (150,966 )     (124,155 )     (105,560 )
Capital Share Transactions:                                
Issued     21,964,933       23,300,013       2,798,378       5,645,289  
Redeemed     (19,218,314 )     (12,315,160 )     (639,900 )     (3,832,061 )
Increase in Net Assets from Capital Share Transactions     2,746,619       10,984,853       2,158,478       1,813,228  
Total Increase in Net Assets     992,564       11,171,631       2,829,372       1,614,145  
Net Assets:                                
Beginning of Year/Period     21,858,831       10,687,200       6,340,315       4,726,170  
End of Year/Period   $ 22,851,395     $ 21,858,831     $ 9,169,687     $ 6,340,315  
Share Transactions:                                
Issued     1,090,000       1,210,000       80,000       180,000  
Redeemed     (1,000,000 )     (660,000 )     (20,000 )     (126,717 )
Net Increase in Shares Outstanding from Share Transactions     90,000       550,000       60,000       53,283  
   
Share transactions have been adjusted to reflect the effect of a 1 for 3 reverse share split on August 29, 2025. (See Note 10 in the Notes to Financial Statements).

 

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

145

     
 

 

Statements of Changes in Net Assets

 

 

    Global X Blockchain ETF   Global X Hydrogen ETF
    Period Ended
May 31, 2026
(Unaudited)
  Year Ended
November 30,
2025
  Period Ended
May 31, 2026
(Unaudited)
  Year Ended
November 30,
2025
Operations:                                
Net Investment Income (Loss)   $ (251,884 )   $ 432,248     $ 1,023,464     $ 1,217,176  
Net Realized Gain (Loss)     86,893,447       51,565,560       3,552,226       (14,915,923 )
Net Change in Unrealized Appreciation (Depreciation)     (44,020,073 )     (3,005,340 )     59,607,672       30,385,164  
Net Increase in Net Assets Resulting from Operations     42,621,490       48,992,468       64,183,362       16,686,417  
Distributions:     (5,573,370 )     (11,977,855 )     (1,548,025 )     (522,677 )
Capital Share Transactions:                                
Issued     169,656,686       216,924,873       52,897,728       12,050,696  
Redeemed     (180,821,017 )     (116,911,788 )     (8,761,677 )     (7,758,530 )
Increase (Decrease) in Net Assets from Capital Share Transactions     (11,164,331 )     100,013,085       44,136,051       4,292,166  
Total Increase in Net Assets     25,883,789       137,027,698       106,771,388       20,455,906  
Net Assets:                                
Beginning of Year/Period     363,803,395       226,775,697       61,092,447       40,636,541  
End of Year/Period   $ 389,687,184     $ 363,803,395     $ 167,863,835     $ 61,092,447  
Share Transactions:                                
Issued     2,170,000       3,000,000       910,000       340,000  
Redeemed     (2,430,000 )     (1,690,000 )     (170,000 )     (280,000 )
Net Increase (Decrease) in Shares Outstanding from Share Transactions     (260,000 )     1,310,000       740,000       60,000  

 

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

146

     
 

 

Statements of Changes in Net Assets

 

 

    Global X Defense Tech ETF   Global X Infrastructure
Development ex-U.S. ETF
    Period Ended
May 31, 2026
(Unaudited)
  Year Ended
November 30,
2025
  Period Ended
May 31, 2026
(Unaudited)
  Year Ended
November 30,
2025
Operations:                                
Net Investment Income   $ 23,075,909     $ 13,940,341     $ 43,141     $ 60,086  
Net Realized Gain (Loss)     (164,833,964 )     185,572,307       352,938       106,433  
Net Change in Unrealized Appreciation (Depreciation)     247,157,501       468,462,448       453,384       575,620  
Net Increase in Net Assets Resulting from Operations     105,399,446       667,975,096       849,463       742,139  
Distributions:     (18,711,807 )     (8,050,183 )     (40,053 )     (33,086 )
Capital Share Transactions:                                
Issued     3,275,739,876       4,043,036,505       339,736       4,822,515  
Redeemed     (92,480,687 )     (641,516,809 )     (340,076 )     (3,298,947 )
Increase (Decrease) in Net Assets from Capital Share Transactions     3,183,259,189       3,401,519,696       (340 )     1,523,568  
Total Increase in Net Assets     3,269,946,828       4,061,444,609       809,070       2,232,621  
Net Assets:                                
Beginning of Year/Period     4,827,481,470       766,036,861       4,629,874       2,397,253  
End of Year/Period   $ 8,097,428,298     $ 4,827,481,470     $ 5,438,944     $ 4,629,874  
Share Transactions:                                
Issued     43,970,000       69,890,000       10,000       190,000  
Redeemed     (1,450,000 )     (12,160,000 )     (10,000 )     (130,000 )
Net Increase in Shares Outstanding from Share Transactions     42,520,000       57,730,000             60,000  

 

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

 

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

147

     
 

 

Statements of Changes in Net Assets

 

 

    Global X AI Semiconductor &
Quantum ETF
  Global X Space
Tech ETF
    Period Ended
May 31, 2026
(Unaudited)
  Period Ended
November 30,
2025
(1)
  Period Ended
May 31, 2026
(2)
(Unaudited)
Operations:                        
Net Investment Loss   $ (54,792 )   $ (4,089 )   $ (9,739 )
Net Realized Gain (Loss)     10,849,018       27,052       2,297,681  
Net Change in Unrealized Appreciation (Depreciation)     32,550,131       68,864       3,883,963  
Net Increase in Net Assets Resulting from Operations     43,344,357       91,827       6,171,905  
Distributions:     (6,610 )            
Capital Share Transactions:                        
Issued     207,821,207       10,263,977       68,178,453  
Redeemed     (33,746,480 )     (523,413 )     (6,760,226 )
Increase in Net Assets from Capital Share Transactions     174,074,727       9,740,564       61,418,227  
Total Increase in Net Assets     217,412,474       9,832,391       67,590,132  
Net Assets:                        
Beginning of Period     9,832,391              
End of Period   $ 227,244,865     $ 9,832,391     $ 67,590,132  
Share Transactions:                        
Issued     2,410,000       190,000       990,000  
Redeemed     (340,000 )     (10,000 )     (90,000 )
Net Increase in Shares Outstanding from Share Transactions     2,070,000       180,000       900,000  

 

(1) The Fund commenced operations on September 30, 2025.
(2) The Fund commenced operations on April 14, 2026.

 

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

 

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

148

     
 

 

 

Financial Highlights

 

Selected Per Share Data & Ratios
For a Share Outstanding Throughout each Year/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 Millennial Consumer ETF                                                                                                                                            
2026 (Unaudited)§     46.69       0.05       (3.15 )     (3.10 )     (0.10 )            
2025     46.96       0.09       (0.26 )     (0.17 )     (0.10 )            
2024     32.86       0.12       14.11       14.23       (0.13 )            
2023     28.43       0.07       4.43       4.50       (0.07 )            
2022     42.68       0.05       (14.23 )     (14.18 )     (0.07 )            
2021     35.23       0.08       7.43       7.51       (0.06 )            
Global X Aging Population ETF                                                        
2026 (Unaudited)§     36.70       0.21       (1.62 )     (1.41 )     (0.17 )            
2025     31.91       0.29       4.79       5.08       (0.29 )            
2024     26.93       0.24       4.97       5.21       (0.23 )            
2023     26.46       0.23       0.41       0.64       (0.17 )            
2022     27.41       0.20       (0.87 )     (0.67 )     (0.26 )           (0.02 )
2021     26.82       0.13       0.55       0.68       (0.09 )            
Global X FinTech ETF                                                        
2026 (Unaudited)§     30.68       0.03       (4.25 )     (4.22 )     (0.17 )            
2025     33.96       (0.05 )     (3.06 )     (3.11 )     (0.17 )            
2024     22.37       0.02       11.63       11.65       (0.06 )            
2023     20.44       0.05       1.93       1.98       (0.05 )           ***
2022     45.52       0.09       (22.96 )     (22.87 )     (2.16 )           (0.05 )
2021     42.75       (0.13 )     2.90       2.77                    

 

* Per share data calculated using average shares method.
** Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.
*** Amount is less than $0.005.
Annualized.
†† Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers.
§ For the period ended May 31, 2026.
  Amounts designated as “—” are either $0 or have been rounded to $0.

 

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

149

 

 

 

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
(%)††
                                                                                                                                         
  (0.10 )     43.49       (6.66 )     97,427       0.50     0.25     10.92  
  (0.10 )     46.69       (0.35 )     110,179       0.50       0.19       11.35  
  (0.13 )     46.96       43.42       131,031       0.50       0.31       10.95  
  (0.07 )     32.86       15.87       105,493       0.50       0.23       16.60  
  (0.07 )     28.43       (33.29 )     105,459       0.50       0.17       14.75  
  (0.06 )     42.68       21.33       227,075       0.50       0.18       11.59  
                                                     
  (0.17 )     35.12       (3.85 )     81,821       0.50     1.19     9.18  
  (0.29 )     36.70       16.09       75,970       0.50       0.91       9.93  
  (0.23 )     31.91       19.41       61,902       0.50       0.80       18.26  
  (0.17 )     26.93       2.42       53,596       0.50       0.87       13.34  
  (0.28 )     26.46       (2.47 )     41,800       0.50       0.76       13.50  
  (0.09 )     27.41       2.51       59,756       0.50       0.43       19.57  
                                                     
  (0.17 )     26.29       (13.82 )     195,596       0.69     0.24     16.32  
  (0.17 )     30.68       (9.18 )     265,978       0.68       (0.15 )     12.64  
  (0.06 )     33.96       52.18       349,457       0.68       0.07       13.79  
  (0.05 )     22.37       9.70       351,478       0.68       0.23       13.12  
  (2.21 )     20.44       (52.58 )     455,463       0.68       0.33       38.15  
        45.52       6.48       1,289,006       0.68       (0.28 )     29.60  

 

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

150

 

 

 

Financial Highlights

 

Selected Per Share Data & Ratios
For a Share Outstanding Throughout each Year/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 Internet of Things ETF                                                                                                                                            
2026 (Unaudited)§     36.74       0.11       14.61       14.72       (0.15 )            
2025     36.14       0.22       0.61       0.83       (0.23 )            
2024     32.45       0.18       3.73       3.91       (0.22 )            
2023     30.54       0.25       1.95       2.20       (0.29 )            
2022     37.68       0.21       (7.17 )     (6.96 )     (0.13 )     (0.05 )      
2021     29.95       0.13       7.72       7.85       (0.12 )            
Global X Robotics & Artificial Intelligence ETF                                                        
2026 (Unaudited)§     35.20       0.02       5.08       5.10       (0.16 )            
2025     33.25       0.13       1.90       2.03       (0.08 )            
2024     26.47       0.02       6.81       6.83       (0.03 )           (0.02 )
2023     21.09       0.07       5.36       5.43       (0.05 )            
2022     36.24       0.04       (15.14 )     (15.10 )     (0.04 )           (0.01 )
2021     31.78       0.02       4.50       4.52       (0.02 )           (0.04 )
Global X U.S. Infrastructure Development ETF                                                        
2026 (Unaudited)§     48.51       0.16       7.96       8.12       (0.20 )     (0.13 )      
2025     45.71       0.27       2.78       3.05       (0.25 )            
2024     31.50       0.24       14.21       14.45       (0.24 )            
2023     27.94       0.24       3.54       3.78       (0.22 )            
2022     27.19       0.19       0.74       0.93       (0.17 )     (0.01 )      
2021     20.24       0.17       6.87       7.04       (0.09 )     ***      

 

* Per share data calculated using average shares method.
** Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.
*** Amount is less than $0.005.
Annualized.
†† Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers.
§ For the period ended May 31, 2026.
  Amounts designated as “—” are either $0 or have been rounded to $0.

 

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

151

 

 

 

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
(%)††
                                                                                                                                                       
  (0.15 )     51.31       40.22       251,406       0.68     0.53     7.88  
  (0.23 )     36.74       2.32       200,257       0.68       0.62       17.23  
  (0.22 )     36.14       12.06       240,722       0.68       0.52       19.16  
  (0.29 )     32.45       7.26       287,487       0.68       0.79       11.12  
  (0.18 )     30.54       (18.52 )     305,697       0.68       0.67       8.40  
  (0.12 )     37.68       26.24       517,291       0.68       0.37       9.25  
                                                     
  (0.16 )     40.14       14.53       3,743,088       0.68     0.11     29.35  
  (0.08 )     35.20       6.12       3,018,749       0.68       0.39       12.11  
  (0.05 )     33.25       25.81       2,648,468       0.68       0.08       10.43  
  (0.05 )     26.47       25.75       2,269,824       0.68       0.26       8.28  
  (0.05 )     21.09       (41.67 )     1,341,942       0.69       0.16       29.86  
  (0.06 )     36.24       14.23       2,703,488       0.68       0.06       22.66  
                                                     
  (0.33 )     56.30       16.85       13,540,059       0.47     0.60     5.15  
  (0.25 )     48.51       6.76       9,833,763       0.47       0.63       9.98  
  (0.24 )     45.71       46.08       9,715,853       0.47       0.63       4.41  
  (0.22 )     31.50       13.63       5,153,796       0.47       0.82       5.99  
  (0.18 )     27.94       3.48       3,748,693       0.47       0.74       9.78  
  (0.09 )     27.19       34.90       5,186,497       0.47       0.64       10.07  

 

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

152

 

 

Financial Highlights

 

 

Selected Per Share Data & Ratios
For a Share Outstanding Throughout each Year/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 Autonomous & Electric Vehicles ETF                                    
2026 (Unaudited)§             29.48                       0.08                       12.18                       12.26                       (0.15 )                                                     
2025     23.64       0.28       6.02       6.30       (0.46 )            
2024     23.19       0.29       0.57       0.86       (0.41 )            
2023     22.89       0.38       0.23       0.61       (0.31 )            
2022     30.41       0.19       (7.56 )     (7.37 )     (0.13 )     (0.02 )      
2021     21.75       0.09       8.65       8.74       (0.08 )            
Global X Artificial Intelligence & Technology ETF                                    
2026 (Unaudited)§     50.08       0.02       17.14       17.16       (0.05 )            
2025     38.75       0.03       11.36       11.39       (0.06 )            
2024     29.73       0.07       9.01       9.08       (0.06 )            
2023     21.54       0.07       8.21       8.28       (0.09 )            
2022     31.58       0.11       (10.08 )     (9.97 )     (0.07 )            
2021     25.84       0.05       5.78       5.83       (0.09 )            
Global X Genomics & Biotechnology ETF                                    
2026 (Unaudited)§     46.42       0.07       5.48       5.55       (2.36 )            
2025(1)     43.32       0.02       3.11 ^     3.13       (0.03 )            
2024(1)     41.64       (0.12 )     1.80       1.68                    
2023(1)     53.80       (0.16 )     (12.00 )     (12.16 )                  
2022(1)     82.44       (0.12 )     (28.48 )     (28.60 )     (0.04 )            
2021(1)     84.04       (0.32 )     (1.16 )     (1.48 )           (0.12 )      

 

§ For the period ended May 31, 2026.
* 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.
^ The amount shown for a share outstanding throughout the period does not accord with the aggregate net gains on investments for the period because of the sales and repurchases of fund shares in relation to fluctuating market value of the investments of the Fund.
(1) Per share amounts have been adjusted for a 1 for 4 reverse share split on August 29, 2025. (See Note 10 in the Notes to Financial Statements.)
  Amounts designated as “—” are either $0 or have been rounded to $0.

 

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

153

     

 

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
(%)††
                                                                                                                                                                     
  (0.15 )     41.59       41.76       477,035       0.68     0.51     12.46  
  (0.46 )     29.48       27.19       331,681       0.68       1.17       37.46  
  (0.41 )     23.64       3.65       415,073       0.68       1.21       26.13  
  (0.31 )     23.19       2.71       697,745       0.68       1.63       26.60  
  (0.15 )     22.89       (24.25 )     883,478       0.68       0.74       34.76  
  (0.08 )     30.41       40.22       1,323,546       0.68       0.33       18.17  
                                                     
  (0.05 )     67.19       34.28       10,862,855       0.68     0.08     9.95  
  (0.06 )     50.08       29.42       6,965,661       0.68       0.06       15.52  
  (0.06 )     38.75       30.58       2,490,690       0.68       0.20       10.88  
  (0.09 )     29.73       38.56       789,875       0.68       0.28       19.08  
  (0.07 )     21.54       (31.58 )     130,518       0.68       0.46       21.28  
  (0.09 )     31.58       22.60       186,334       0.68       0.17       26.37  
                                                     
  (2.36 )     49.61       8.26       59,262       0.50     0.31     16.51  
  (0.03 )     46.42       7.26       54,527       0.50       0.04       34.03  
        43.32       4.03       79,156       0.50       (0.23 )     18.89  
        41.64       (22.60 )     93,029       0.50       (0.34 )     16.59  
  (0.04 )     53.80       (34.72 )     209,341       0.50       (0.21 )     39.39  
  (0.12 )     82.44       (1.77 )     255,572       0.50       (0.35 )     29.25  

 

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

154

     

 

Financial Highlights

 

 

Selected Per Share Data & Ratios
For a Share Outstanding Throughout each Year/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 Cloud Computing ETF                                    
2026 (Unaudited)§             22.71                       (0.05 )                      1.64                       1.59                                                                            
2025     24.64       (0.12 )     (1.81 )     (1.93 )                  
2024     20.79       (0.11 )     3.96       3.85                    
2023     16.77       (0.10 )     4.12       4.02                    
2022     28.38       (0.15 )     (10.99 )     (11.14 )           (0.47 )      
2021     25.84       (0.15 )     2.69       2.54                    
Global X Cybersecurity ETF                                    
2026 (Unaudited)§     31.42       0.02       4.87       4.89       (0.01 )            
2025     33.44       (0.03 )     (1.96 )     (1.99 )                 (0.03 )
2024     26.84       0.05       6.58       6.63       (0.03 )            
2023     22.85       (0.03 )     4.34       4.31             (0.32 )      
2022     31.75       (0.03 )     (8.66 )     (8.69 )     (0.09 )     (0.12 )      
2021     22.75       0.12       8.90       9.02       (0.01 )     (0.01 )      
Global X Dorsey Wright Thematic ETF                                    
2026 (Unaudited)§     25.42       0.19       5.08       5.27       (0.28 )            
2025     25.46       0.12       0.03 ^^     0.15       (0.19 )            
2024     23.05       0.26       2.66       2.92       (0.36 )           (0.15 )
2023     26.14       0.11       (2.79 )     (2.68 )     (0.41 )            
2022     47.65       0.44       (21.33 )     (20.89 )     (0.62 )            
2021     42.45       0.39       5.10       5.49       (0.29 )            

 

§ For the period ended May 31, 2026.
* 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.
Effective for the fiscal year ended November 30, 2022, the Fund began presenting acquired fund fees borne by the Adviser as part of its unitary fee agreement (See Note 3 in Notes to Financial Statements/Notes to Consolidated Financial Statements) as a realized gain on the Statement of Operations as compared to a contra-expense as in prior fiscal years. If such amounts had been presented as a realized gain in years prior to 2022, the ratio of Expenses to Average Net Assets would have been 0.50% each year.
^ Effective April 1, 2021, the Fund’s management fees were permanently lowered to 0.50%. Prior to April 1, 2021, the ratio of Expenses to Average Net Assets included the effect of a waiver. If these offsets were excluded, the ratio would have been 0.52%, 0.60% and 0.60% for the years ended November 30, 2021, 2020 and 2019, respectively.
^^ The amount shown for a share outstanding throughout the period does not accord with the aggregate net gains on investments for the period because of the sales and repurchases of fund shares in relation to fluctuating market value of the investments of the Fund.
(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.
  Amounts designated as “—” are either $0 or have been rounded to $0.

 

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

155

     

 

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
(%)††
                                                                                                                                                                     
        24.30       7.00       268,751       0.68     (0.48 )†     21.18  
        22.71       (7.83 )     274,514       0.68       (0.51 )     12.34  
        24.64       18.52       376,498       0.68       (0.54 )     21.22  
        20.79       23.97       581,162       0.68       (0.54 )     21.60  
  (0.47 )     16.77       (39.88 )     589,085       0.68       (0.74 )     31.21  
        28.38       9.83       1,317,544       0.68       (0.53 )     23.77  
                                                     
  (0.01 )     36.30       15.58       1,174,412       0.51     0.17     21.20  
  (0.03 )     31.42       (5.95 )     999,359       0.50       (0.10 )     35.93  
  (0.03 )     33.44       24.72       819,308       0.51       0.17       23.91  
  (0.32 )     26.84       19.29       647,551       0.50       (0.12 )     18.77  
  (0.21 )     22.85       (27.56 )     967,942       0.51       (0.11 )     57.81  
  (0.02 )     31.75       39.68       1,132,090       0.50 ^     0.41       26.34  
                                                     
  (0.28 )     30.41       20.99       8,514       0.50 (1)     1.51 (2)     124.20  
  (0.19 )     25.42       0.61       9,150       0.50 (1)      0.48 (2)      191.21  
  (0.51 )     25.46       12.78       15,783       0.50 (1)      1.10 (2)      30.26  
  (0.41 )     23.05       (10.30 )     32,270       0.50 (1)      0.45 (2)      54.28  
  (0.62 )     26.14       (44.36 )     50,979       0.50 (1)      1.32 (2)      55.00  
  (0.29 )     47.65       12.95       110,081       (0.13 )‡(1)     0.77 (2)      32.16  

 

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

156

     

 

Financial Highlights

 

 

Selected Per Share Data & Ratios
For a Share Outstanding Throughout each Year/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 Video Games & Esports ETF                                                                                          
2026 (Unaudited)§     31.44       0.13       (5.62 )     (5.49 )     (0.33 )            
2025     24.35       0.30       7.15       7.45       (0.36 )            
2024     19.93       0.20       4.38       4.58       (0.16 )            
2023     18.96       0.10       0.90       1.00       (0.03 )            
2022     29.52       0.08       (10.39 )     (10.31 )     (0.14 )     (0.07 )     (0.04 )
2021     28.57       0.04       1.14       1.18       (0.23 )     ***       
Global X HealthTech ETF                                                        
2026 (Unaudited)§     31.71       (0.03 )     (6.42 )     (6.45 )     (0.22 )            
2025(1)     31.38       0.24       0.11       0.35       (0.02 )            
2024(1)     26.85       (0.12 )     4.65       4.53                    
2023(1)     36.69       (0.12 )     (9.72 )     (9.84 )                  
2022(1)     48.96       (0.03 )     (12.24 )     (12.27 )                  
2021(1)     55.23       (0.30 )     (5.94 )     (6.24 )     (0.03 )            
Global X ClimateTech ETF                                                        
2026 (Unaudited)§     55.61       0.04       22.61       22.65       (1.40 )            
2025(2)     37.05       0.37       18.71       19.08       (0.52 )            
2024(2)     49.40       0.45       (12.40 )     (11.95 )     (0.40 )            
2023(2)     81.00       0.25       (31.70 )     (31.45 )     (0.15 )            
2022(2)     102.15       0.15       (20.95 )     (20.80 )     (0.35 )            
2021(2)     95.10       0.10       7.00       7.10       (0.05 )            

 

§ For the period ended May 31, 2026.
* Per share data calculated using average shares method.
** Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.
*** Amount is less than $0.005.
Annualized.
†† Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers.
(1) Per share amounts have been adjusted for a 1 for 3 reverse share split on August 29, 2025. (See Note 10 in the Notes to Financial Statements.)
(2) Per share amounts have been adjusted for a 1 for 5 reverse share split on August 29, 2025. (See Note 10 in the Notes to Financial Statements.)
  Amounts designated as “—” are either $0 or have been rounded to $0.

 

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

157

 
 

 

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
(%)††
                                                                          
  (0.33 )     25.62       (17.60 )     64,566       0.50     0.93     14.88  
  (0.36 )     31.44       30.85       121,673       0.50       1.02       30.12  
  (0.16 )     24.35       23.14       108,854       0.50       0.93       30.77  
  (0.03 )     19.93       5.29       132,339       0.50       0.49       26.11  
  (0.25 )     18.96       (35.19 )     174,075       0.50       0.36       55.72  
  (0.23 )     29.52       4.09       485,235       0.50       0.09       23.45  
                                                     
  (0.22 )     25.04       (20.84 )     25,041       0.50     (0.21 )†     9.49  
  (0.02 )     31.71       1.13       51,049       0.56       0.77       59.68  
        31.38       16.87       43,511       0.68       (0.47 )     38.36  
        26.85       (26.82 )     64,919       0.68       (0.36 )     29.92  
        36.69       (25.06 )     150,075       0.68       (0.05 )     43.26  
  (0.03 )     48.96       (11.32 )     475,576       0.68       (0.52 )     42.39  
                                                     
  (1.40 )     76.86       38.94       33,813       0.50     0.13     14.32  
  (0.52 )     55.61       52.34       30,027       0.50       0.97       34.80  
  (0.40 )     37.05       (24.39 )     34,846       0.50       1.01       19.45  
  (0.15 )     49.40       (38.90 )     58,874       0.50       0.38       23.91  
  (0.35 )     81.00       (20.38 )     127,842       0.50       0.17       15.72  
  (0.05 )     102.15       7.48       175,458       0.50       0.09       35.53  

 

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

158

 
 

 

Financial Highlights

 

 

Selected Per Share Data & Ratios
For a Share Outstanding Throughout each Year/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 Data Center & Digital Infrastructure ETF                                                                          
2026 (Unaudited)§     20.85       0.16       10.62       10.78       (0.14 )            
2025     17.57       0.22       3.33       3.55       (0.27 )            
2024     14.30       0.25       3.22       3.47       (0.20 )            
2023     13.52       0.21       0.90       1.11       (0.22 )     (0.11 )      
2022     17.83       0.15       (4.22 )     (4.07 )     (0.16 )     (0.08 )      
2021     14.94       0.16       2.84       3.00       (0.11 )            
Global X Clean Water ETF                                                        
2026 (Unaudited)§     19.34       0.15       (0.59 )     (0.44 )     (0.17 )            
2025     18.43       0.28       0.89       1.17       (0.26 )            
2024     15.40       0.26       3.00       3.26       (0.23 )            
2023     14.30       0.25       1.09       1.34       (0.24 )            
2022     16.73       0.23       (2.41 )     (2.18 )     (0.25 )     ***       
2021(1)     15.04       0.26       1.47       1.73       (0.04 )            
Global X AgTech & Food Innovation ETF                                                        
2026 (Unaudited)§     31.19       0.23       4.02       4.25       (0.61 )            
2025(2)     31.50       0.66       (0.45 )     0.21       (0.52 )            
2024(2)     30.51       0.57       0.93       1.50       (0.51 )            
2023(2)     46.89       0.33       (16.41 )     (16.08 )     (0.30 )            
2022(2)     59.28       0.33       (12.12 )     (11.79 )     (0.30 )     (0.30 )      
2021(2)(3)     76.02       0.15       (16.89 )     (16.74 )                  

 

§ For the period ended May 31, 2026.
* Per share data calculated using average shares method.
** Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.
*** Amount is less than $0.005.
Annualized.
†† Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers.
(1) The Fund commenced operations on April 8, 2021.
(2) Per share amounts have been adjusted for a 1 for 3 reverse share split on August 29, 2025. (See Note 10 in the Notes to Financial Statements.)
(3) The Fund commenced operations on July 12, 2021.
  Amounts designated as “—” are either $0 or have been rounded to $0.

 

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

159

 
 

 

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
(%)††
                                                                           
  (0.14 )     31.49       52.00       2,154,214       0.50     1.28     17.06  
  (0.27 )     20.85       20.56       624,520       0.50       1.16       24.92  
  (0.20 )     17.57       24.56       138,297       0.50       1.62       28.84  
  (0.33 )     14.30       8.46       39,323       0.50       1.60       62.01  
  (0.24 )     13.52       (23.11 )     63,143       0.50       0.99       36.96  
  (0.11 )     17.83       20.17       78,098       0.50       0.93       15.80  
                                                     
  (0.17 )     18.73       (2.28 )     22,851       0.50     1.57     17.32  
  (0.26 )     19.34       6.48       21,859       0.50       1.53       17.03  
  (0.23 )     18.43       21.31       10,687       0.50       1.49       10.48  
  (0.24 )     15.40       9.50       9,394       0.50       1.71       15.27  
  (0.25 )     14.30       (13.18 )     7,580       0.50       1.58       28.19  
  (0.04 )     16.73       11.52       8,699       0.50     2.44     4.84  
                                                     
  (0.61 )     34.83       13.91       9,170       0.50     1.38     18.73  
  (0.52 )     31.19       0.73       6,340       0.50       2.13       32.81  
  (0.51 )     31.50       4.92       4,726       0.50       1.79       21.57  
  (0.30 )     30.51       (34.41 )     4,476       0.51       0.86       54.45  
  (0.60 )     46.89       (20.06 )     6,721       0.50       0.62       55.85  
        59.28       (22.02 )     5,533       0.51     0.58     32.72  

 

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

160

 
 

 

Financial Highlights

 

Selected Per Share Data & Ratios
For a Share Outstanding Throughout each Year/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 Blockchain ETF                                                        
2026 (Unaudited)§     80.92       (0.06 )     12.36       12.30       (1.22 )            
2025     71.18       0.12       13.43       13.55       (3.81 )            
2024     30.72       0.07       41.42       41.49       (1.03 )            
2023(1)     16.39       0.28       14.27       14.55       (0.22 )            
2022(1)     129.32       0.46       (109.52 )     (109.06 )     (3.80 )           (0.07 )
2021(1)(2)     100.04       0.24       29.04       29.28                    
Global X Hydrogen ETF                                                        
2026 (Unaudited)§     37.03       0.60       33.56       34.16       (0.95 )            
2025     25.56       0.79       11.04       11.83       (0.36 )            
2024(3)     32.60       0.08       (7.12 )     (7.04 )                  
2023(3)     61.35       (0.10 )     (28.65 )     (28.75 )                  
2022(3)     121.90       (0.15 )     (60.35 )     (60.50 )           (0.05 )      
2021(2),(3)     125.20       (0.15 )     (3.15 )     (3.30 )                  
Global X Defense Tech ETF                                                        
2026 (Unaudited)§     62.50       0.23       5.12       5.35       (0.15 )     (0.09 )      
2025     39.26       0.33       23.17       23.50       (0.26 )            
2024     27.03       0.29       12.08       12.37       (0.13 )     (0.01 )      
2023(4)     24.82       0.08       2.13       2.21                    
   
§ For the period ended May 31, 2026.
* Per share data calculated using average shares method.
** Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.
Annualized.
†† Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers.
(1) Per share amounts have been adjusted for a 1 for 4 reverse share split on December 19, 2022 (See Note 10 in the Notes to Financial Statements.)
(2) The Fund commenced operations on July 12, 2021.
(3) Per share amounts have been adjusted for a 1 for 5 reverse share split on June 14, 2024. (See Note 10 in the Notes to Financial Statements.)
(4) The Fund commenced operations on September 11, 2023.
  Amounts designated as “—” are either $0 or have been rounded to $0.

 

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

161

 
 

 

 

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
(%)††
                                                     
  (1.22 )     92.00       15.85       389,687       0.50     (0.17 )†     25.95  
  (3.81 )     80.92       21.99       363,803       0.50       0.20       58.03  
  (1.03 )     71.18       136.25       226,776       0.50       0.16       56.38  
  (0.22 )     30.72       89.03       87,124       0.50       1.16       39.77  
  (3.87 )     16.39       (86.70 )     45,227       0.50       1.15       36.47  
        129.32       29.27       127,720       0.50     0.52     19.49  
                                                     
  (0.95 )     70.24       95.26       167,864       0.50     2.71     38.97  
  (0.36 )     37.03       47.21       61,092       0.50       3.05       72.26  
        25.56       (21.60 )     40,637       0.50       0.31       36.79  
        32.60       (46.86 )     35,777       0.50       (0.21 )     27.79  
  (0.05 )     61.35       (49.64 )     38,035       0.50       (0.24 )     36.44  
        121.90       (2.64 )     32,427       0.51     (0.33 )†     40.38  
                                                     
  (0.24 )     67.61       8.57       8,097,428       0.50     0.65     12.54  
  (0.26 )     62.50       60.10       4,827,481       0.50       0.56       32.79  
  (0.14 )     39.26       45.89       766,037       0.50       0.80       14.43  
        27.03       8.90       4,595       0.50     1.39     2.94  

 

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

162

 
 

 

 

Financial Highlights

 

Selected Per Share Data & Ratios
For a Share Outstanding Throughout each Year/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 Infrastructure Development ex-U.S. ETF                    
2026 (Unaudited)§     28.94       0.27       5.03       5.30       (0.25 )            
2025     23.97       0.45       4.72       5.17       (0.20 )            
2024(1)     24.82       0.08       (0.93 )     (0.85 )                  
Global X AI Semiconductor & Quantum ETF                            
2026 (Unaudited)§     54.62       (0.10 )     46.51       46.41       (0.03 )            
2025(2)     50.35       (0.03 )     4.30       4.27                    
Global X Space Tech ETF                                                        
2026 (Unaudited)§(3)      51.05       (0.03 )     24.08       24.05                    
   
§ For the period ended May 31, 2026.
* Per share data calculated using average shares method.
** Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.
Annualized.
†† Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers.
(1) The Fund commenced operations on August 27, 2024.
(2) The Fund commenced operations on September 30, 2025.
(3) The Fund commenced operations on April 14, 2026.
  Amounts designated as “—” are either $0 or have been rounded to $0.

 

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

163

 
 

 

 

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
(%)††
                                                     
  (0.25 )     33.99       18.45       5,439       0.55     1.72     22.63  
  (0.20 )     28.94       21.69       4,630       0.55       1.68       45.14  
        23.97       (3.42 )     2,397       0.56     1.28     7.99  
                                                     
  (0.03 )     101.00       85.02       227,245       0.50     (0.25 )†     35.21  
        54.62       8.48       9,832       0.50     (0.36 )†     5.88  
                                                     
        75.10       47.11       67,590       0.50     (0.42 )†     15.31  

  

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

164

 
 

Notes to Financial Statements

May 31, 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 May 31, 2026, the Trust had one hundred twenty four portfolios, one hundred fifteen of which were operational. The financial statements herein and the related notes pertain to the Global X Millennial Consumer ETF, Global X Aging Population ETF, Global X FinTech ETF, Global X Internet of Things ETF, Global X Robotics & Artificial Intelligence ETF, Global X U.S. Infrastructure Development ETF, Global X Autonomous & Electric Vehicles ETF, Global X Artificial Intelligence & Technology ETF, Global X Genomics & Biotechnology ETF, Global X Cloud Computing ETF, Global X Cybersecurity ETF, Global X Dorsey Wright Thematic ETF, Global X Video Games & Esports ETF, Global X HealthTech ETF, Global X ClimateTech ETF, Global X Data Center & Digital Infrastructure ETF, Global X Clean Water ETF, Global X AgTech & Food Innovation ETF, Global X Blockchain ETF, Global X Hydrogen ETF, Global X Defense Tech ETF, Global X Infrastructure Development ex-U.S. ETF, Global X AI Semiconductor & Quantum ETF and Global X Space Tech ETF (each a “Fund” and collectively, the “Funds”).

 

Each Fund, other than the Global X Millennial Consumer ETF, Global X Aging Population ETF, Global X U.S. Infrastructure Development ETF, Global X Autonomous & Electric Vehicles ETF, Global X Artificial Intelligence & Technology ETF and Global X Dorsey Wright Thematic ETF, has elected non-diversified status under the 1940 Act.

 

The Global X CleanTech ETF was renamed to the Global X ClimateTech ETF, effective as of April 1, 2026.

 

The Global X Space Tech ETF commenced operations on April 14, 2026.

 

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

 

165

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

 

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

 

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.

 

FOREIGN TAXES — 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. For the period ended May 31, 2026, the Global X Infrastructure Development ex-U.S. ETF accrued foreign capital gains tax in the amount of $11,875 as shown on the Statements of Assets and Liabilities.

 

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). 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.

 

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, each Fund may fair value a security if an event that may materially affect the value of the Fund’s security that is traded outside of the United States (a “Significant Event”) has occurred between the time

 

166

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

 

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

 

of the security’s last close and the time the Fund calculates its net asset value (“NAV”). A Significant Event may relate to a single issuer or to an entire market sector. Events that may be Significant Events include: government actions, natural disasters, armed conflict, acts of terrorism and significant market fluctuations. If the Adviser becomes aware of a Significant Event that has occurred with respect to a security or group of securities after the closing of the exchange or market on which the security or securities principally trade, but before the time at which the Funds calculate their NAV, it may request that a Committee meeting be called. When a security is valued in accordance with the Fair Value Procedures, the Committee will determine the value after taking into consideration all relevant information reasonably available to the Committee.

 

If available, debt securities are priced based upon valuations provided by independent, third-party pricing agents. Such values generally reflect the last reported sales price if the security is actively traded. The third-party pricing agents may also value debt securities at an evaluated bid price by employing methodologies that utilize actual market transactions, broker-supplied valuations, or other methodologies designed to identify the market value for such securities. Debt obligations with remaining maturities of sixty days or less will be valued at their market value. Prices for most securities held by the Funds are provided daily by recognized independent pricing agents. If a security price cannot be obtained from an independent, third-party pricing agent, the Funds seek to obtain a bid price from at least one independent broker.

 

In accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP, the Funds disclose the fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The objective of a fair value measurement is to determine the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). Accordingly, the fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets 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

 

167

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

 

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

 

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 May 31, 2026. The Funds continuously monitor the credit standing of each broker or counterparty with whom they conduct business. In the event a broker or counterparty is unable to fulfill its obligations, the Funds would be subject to counterparty credit risk.

 

REPURCHASE AGREEMENTS — Securities pledged as collateral for repurchase agreements 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 (“MRAs”) which permit the Funds, under certain circumstances, including an event of default (such as bankruptcy or insolvency), to offset payables and/or receivables under

 

168

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

 

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

 

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, as amended (the “Code”). Accordingly, no provisions for Federal income taxes have been made in the financial statements except as described below.

 

The Funds evaluate tax positions taken or expected to be taken in the course of preparing the Funds’ tax returns to determine whether it is “more-likely-than-not” (i.e., greater than 50%) that each tax position will be sustained upon examination by a taxing authority based on the technical merits of the position. Tax positions not deemed to meet the more-likely-than-not threshold are recorded as a tax benefit or expense in the current year. The Funds did not record any tax positions in the current period, however management’s conclusions regarding tax positions may be subject to review and adjustment at a later date based on factors including, but not limited to, examination by tax authorities (i.e., the last three tax year ends, as applicable), and on-going analysis of and changes to tax laws and regulations, and interpretations thereof.

 

If a Fund has foreign tax filings that have not been made, the tax years that remain subject to examination may date back to the inception of the Fund.

 

As of and during the reporting period ended May 31, 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 income tax expense on the Statements of Operations. During the reporting period, the Funds did not incur any interest or penalties. The Funds are also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next 12 months.

 

The Funds file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. The Funds may record a reclaim receivable based on collectability, which includes factors such as the jurisdiction’s applicable laws, payment history and market convention. The Statements of Operations includes tax reclaims recorded as well as professional and other fees, if any, associated with recovery of foreign withholding taxes.

 

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

 

169

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

 

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

 

income is recognized on the accrual basis from the settlement date. Amortization of premiums and accretion of discounts is included in interest income.

 

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.

 

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 Custodian Fees on the Statements of Operations, if applicable.

 

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

 

170

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

 

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

 

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.

 

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 May 31, 2026, if applicable.

 

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.

 

171

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

 

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

 

If a Creation Unit is purchased or redeemed for cash, an additional variable fee may be charged. The following table discloses Creation Unit breakdown:

 

    Creation
Unit
Shares
  Creation
Fee
  Redemption
Fee
Global X Millennial Consumer ETF     10,000     $ 300     $ 300  
Global X Aging Population ETF     10,000       300       300  
Global X FinTech ETF     10,000       250       250  
Global X Internet of Things ETF     10,000       250       250  
Global X Robotics & Artificial Intelligence ETF     10,000       500       500  
Global X U.S. Infrastructure Development ETF     10,000       300       300  
Global X Autonomous & Electric Vehicles ETF     10,000       600       600  
Global X Artificial Intelligence & Technology ETF     10,000       300       300  
Global X Genomics & Biotechnology ETF     10,000       250       250  
Global X Cloud Computing ETF     10,000       250       250  
Global X Cybersecurity ETF     10,000       250       250  
Global X Dorsey Wright Thematic ETF     10,000       250       250  
Global X Video Games & Esports ETF     10,000       300       300  
Global X HealthTech ETF     10,000       250       250  
Global X ClimateTech ETF     10,000       250       250  
Global X Data Center & Digital Infrastructure ETF     10,000       250       250  
Global X Clean Water ETF     10,000       250       250  
Global X AgTech & Food Innovation ETF     10,000       250       250  
Global X Blockchain ETF     10,000       250       250  
Global X Hydrogen ETF     10,000       250       250  
Global X Defense Tech ETF     10,000       250       250  
Global X Infrastructure Development ex-U.S. ETF     10,000       1,000       1,000  
Global X AI Semiconductor & Quantum ETF     10,000       250       250  
Global X Space Tech ETF     10,000       250       250  

 

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 segment since each Fund has a single investment strategy as disclosed in its prospectus,

 

172

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

 

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

 

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 services agreement), certain shareholder and distribution-related services (provided pursuant to a separate Rule 12b-1 Plan and related agreements) and investment advisory services (provided pursuant to a separate Investment Advisory Agreement), under what is essentially an “all-in” fee structure.

 

For the Adviser’s service to the respective Funds, under a supervision and administration agreement (the “Supervision and Administration Agreement”), each Fund pays a monthly fee to the Adviser at the annual rate below (stated as a percentage of the average daily net assets of the respective Fund) (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 expenses (except for Global X Dorsey Wright Thematic ETF with respect to investments in affiliated investment companies), and other transaction expenses, interest expenses, and extraordinary expenses (such as litigation and indemnification expenses).

 

The Supervision and Administration Agreement for the Global X Dorsey Wright Thematic ETF provides that the Adviser also bears the costs for acquired fund fees and expenses generated by investments by the Fund in affiliated investment companies. For the period ended May 31, 2026, the Adviser paid acquired fund fees and expenses of $23,515 and made such reimbursement payments to the Global X Dorsey Wright Thematic ETF on a monthly basis. These amounts are included in Payment from Adviser on the Statement of Operations.

 

173

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

 

3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)

 

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

 

    Supervision and
Administration Fee
Global X Millennial Consumer ETF   0.50%
Global X Aging Population ETF   0.50%
Global X FinTech ETF   0.68%
Global X Internet of Things ETF   0.68%
Global X Robotics & Artificial Intelligence ETF   0.68%
Global X U.S. Infrastructure Development ETF   0.47%
Global X Autonomous & Electric Vehicles ETF   0.68%
Global X Artificial Intelligence & Technology ETF   0.68%
Global X Genomics & Biotechnology ETF   0.50%
Global X Cloud Computing ETF   0.68%
Global X Cybersecurity ETF   0.50%
Global X Dorsey Wright Thematic ETF   0.50%
Global X Video Games & Esports ETF   0.50%
Global X HealthTech ETF   0.50%
Global X ClimateTech ETF   0.50%
Global X Data Center & Digital Infrastructure ETF   0.50%
Global X Clean Water ETF   0.50%
Global X AgTech & Food Innovation ETF   0.50%
Global X Blockchain ETF   0.50%
Global X Hydrogen ETF   0.50%
Global X Defense Tech ETF   0.50%
Global X Infrastructure Development ex-U.S. ETF   0.55%
Global X AI Semiconductor & Quantum ETF   0.50%
Global X Space Tech ETF   0.50%

 

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

 

174

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

 

3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)

 

for these services, SEIGFS receives certain out-of-pocket costs, transaction fees and asset-based fees which are accrued daily and paid monthly by the Adviser.

 

SEI Investments Distribution Co. (“SIDCO”) serves as the Funds’ underwriter and distributor of Creation Units pursuant to a distribution agreement (the “Distribution Agreement”). SIDCO has no obligation to sell any specific quantity of Shares of the funds.

 

SIDCO bears the following costs and expenses relating to the distribution of Shares: (i) the costs of processing and maintaining records of creations of Creation Units; (ii) all costs of maintaining the records required of a registered broker/dealer; (iii) the expenses of maintaining its registration or qualification as a dealer or broker under federal or state laws; (iv) filing fees; and (v) all other expenses incurred in connection with the distribution services as contemplated in the Distribution Agreement. SIDCO receives no fee from the Funds for its distribution services under the Distribution Agreement; rather, the Adviser compensates SIDCO for certain expenses, out-of-pocket costs, and transaction fees.

 

BBH serves as the Custodian and transfer agent of the Global X Millennial Consumer ETF, Global X U.S. Infrastructure Development ETF, Global X Cloud Computing ETF and Global X HealthTech ETF. As Custodian, BBH has agreed to (1) make receipts and disbursements of money on behalf of the Funds; (2) collect and receive all income and other payments and distributions on account of the Funds’ portfolio investments; (3) respond to correspondence from shareholders, security brokers and others relating to its duties; and (4) make periodic reports to the Funds concerning the Funds’ operations. BBH does not exercise any supervisory function over the purchase and sale of securities. As 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. 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. As transfer agent, BBH has agreed to (1) issue and redeem Shares of each Fund; (2) make dividend and other distributions to shareholders of each Fund; (3) respond to correspondence by shareholders and others relating to its duties; (4) maintain shareholder accounts; and (5) make periodic reports to the Funds. As compensation for these services, BBH receives certain out-of-pocket costs, transaction fees and asset-based fees which are accrued daily and paid monthly by the Adviser from its fees.

 

BNY is the Custodian of the Trust’s portfolio securities and cash with respect to all Funds except the Global X Millennial Consumer ETF, Global X U.S. Infrastructure Development ETF, Global X Cloud Computing ETF and Global X HealthTech ETF. 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. BNY also serves as the Trust’s transfer agent on behalf of the Funds. Under its transfer agency agreement with the Trust, BNY has

 

175

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

 

3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)

 

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 Fund, 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.

 

4. INVESTMENT TRANSACTIONS

 

For the period ended May 31, 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 Millennial Consumer ETF   $ 11,240,577     $ 11,241,454  
Global X Aging Population ETF     9,264,003       7,421,168  
Global X FinTech ETF     35,272,323       36,914,471  
Global X Internet of Things ETF     16,402,306       16,621,047  
Global X Robotics & Artificial Intelligence ETF     1,028,358,707       969,801,741  
Global X U.S. Infrastructure Development ETF     605,991,994       644,489,049  
Global X Autonomous & Electric Vehicles ETF     52,743,943       46,581,746  
Global X Artificial Intelligence & Technology ETF     1,051,355,935       813,793,655  
Global X Genomics & Biotechnology ETF     8,770,765       9,166,957  
Global X Cloud Computing ETF     50,373,361       50,454,868  
Global X Cybersecurity ETF     224,885,249       213,602,386  
Global X Dorsey Wright Thematic ETF     9,951,649       9,951,699  
Global X Video Games & Esports ETF     13,322,148       20,377,056  
Global X HealthTech ETF     3,244,398       3,326,259  
Global X ClimateTech ETF     4,128,763       5,034,370  
Global X Data Center & Digital Infrastructure ETF     344,820,318       248,679,254  
Global X Clean Water ETF     7,921,252       6,970,890  
Global X AgTech & Food Innovation ETF     2,695,962       2,493,998  
Global X Blockchain ETF     79,297,955       79,709,858  
Global X Hydrogen ETF     38,420,564       31,712,252  
Global X Defense Tech ETF     1,176,134,841       879,718,276  
Global X Infrastructure Development ex-U.S. ETF     1,219,260       1,137,830  
Global X AI Semiconductor & Quantum ETF     49,197,377       22,415,016  
Global X Space Tech ETF     24,374,190       6,175,192  

 

176

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

 

4. INVESTMENT TRANSACTIONS (continued)

 

For each of the period ended May 31, 2026, in-kind transactions associated with creations and redemptions were:

 

    Purchases   Sales   Realized
Gain (Loss)
Global X Millennial Consumer ETF   $ 14,799,999     $ 19,899,208     $ 8,072,466  
Global X Aging Population ETF     22,400,187       14,542,369       5,870,634  
Global X FinTech ETF     15,309,548       46,926,999       (875,197 )
Global X Internet of Things ETF     13,505,540       34,718,197       13,760,499  
Global X Robotics & Artificial Intelligence ETF     358,857,388       136,804,187       79,744,918  
Global X U.S. Infrastructure Development ETF     3,077,169,211       1,053,684,594       587,912,508  
Global X Autonomous & Electric Vehicles ETF     61,407,976       54,328,880       29,201,902  
Global X Artificial Intelligence & Technology ETF     1,668,265,461       669,284,583       356,907,214  
Global X Genomics & Biotechnology ETF     11,935,225       11,224,778       4,825,586  
Global X Cloud Computing ETF     35,632,196       58,840,782       15,141,103  
Global X Cybersecurity ETF     255,003,984       279,896,532       98,380,933  
Global X Dorsey Wright Thematic ETF     1,202,171       3,136,980       462,869  
Global X Video Games & Esports ETF     979,054       33,175,850       178,971  
Global X HealthTech ETF     1,758,601       18,721,363       607,346  
Global X ClimateTech ETF           4,780,069       (576,871 )
Global X Data Center & Digital Infrastructure ETF     963,354,951       87,198,399       62,209,298  
Global X Clean Water ETF     18,972,646       17,122,770       326,400  
Global X AgTech & Food Innovation ETF     2,435,222       549,374       92,576  
Global X Blockchain ETF     161,665,073       178,361,088       96,648,657  
Global X Hydrogen ETF     38,162,852       6,430,265       3,347,525  
Global X Defense Tech ETF     3,009,011,968       82,359,087       29,880,067  
Global X Infrastructure Development ex-U.S. ETF     236,267       338,862       183,099  
Global X AI Semiconductor & Quantum ETF     178,994,628       32,113,777       8,869,928  
Global X Space Tech ETF     65,154,729       6,920,569       2,706,258  

 

For the period ended May 31, 2026, there were no purchases or sales of long-term U.S. Government securities by the Funds.

 

177

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

 

5. DERIVATIVE TRANSACTIONS

 

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 May 31, 2026:

 

Asset Derivatives   Liability Derivatives
    Fair Value             Fair Value  
                     
Global X Robotics & Artificial Intelligence ETF                        
Equity contracts Unrealized appreciation on Futures Contracts   $ 3,046,649 *   Equity contracts   Unrealized depreciation on Futures Contracts   $ *
Total Derivatives not accounted for as hedging instruments   $ 3,046,649             $  
                         
Global X Cybersecurity ETF                        
Equity contracts Unrealized appreciation on Futures Contracts   $ 220,412 *   Equity contracts   Unrealized depreciation on Futures Contracts   $ *
Total Derivatives not accounted for as hedging instruments   $ 220,412             $  

 

* Includes cumulative appreciation (depreciation) of futures contracts as reported in the Schedules of Investments. Only current day’s variation margin, if any, is reported within the Statements of Assets & Liabilities.

 

The effect of derivative instruments on the Statements of Operations for the period ended May 31, 2026:

 

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

 

    Futures Contracts  
Global X Robotics & Artificial Intelligence ETF        
Equity contracts   $ 116,334  
         
Global X U.S. Infrastructure Development ETF        
Equity contracts   $ 578,726  
         
Global X Cybersecurity ETF        
Equity contracts   $ (21,625 )

 

178

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

 

5. DERIVATIVE TRANSACTIONS (continued)

 

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

 

    Futures Contracts  
Global X Robotics & Artificial Intelligence ETF        
         
Equity contracts   $ 2,505,351  
         
Global X U.S. Infrastructure Development ETF        
         
Equity contracts   $ (338,131 )
         
Global X Cybersecurity ETF        
         
Equity contracts   $ 200,650  

 

The following table discloses the average monthly balances of the Funds’ Futures activity during the period ended May 31, 2026:

 

    Average
Notional
Balance
Short
    Average
Notional
Balance
Long
 
Global X Robotics & Artificial Intelligence ETF   $     $ 11,734,552  
                 
Global X U.S. Infrastructure Development ETF   $     $ 1,946,626  
                 
Global X Cybersecurity ETF   $     $ 1,005,240  

 

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 undistributed net investment income (loss), accumulated net realized gain (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 the Paid-in Capital and Total Earnings (Accumulated/Losses) accounts during the fiscal year ended November 30, 2025 are primarily attributable to redemptions in-kind, return of capital distributions, foreign currency, MLP adjustments, REIT adjustments, utilization of earnings and profits on shareholder redemptions, and sales of passive foreign investment companies.

 

179

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

 

6. TAX INFORMATION (continued)

 

The tax character of dividends and distributions declared during the years or periods ended November 30, 2025 and November 30, 2024 were as follows:

 

Global X Funds   Ordinary
Income
    Long-Term
Capital Gain
    Return of Capital     Totals  
Global X Millennial Consumer ETF                      
2025   $ 277,563     $     $     $ 277,563  
2024     409,955                   409,955  
Global X Aging Population ETF                      
2025   $ 533,688     $     $     $ 533,688  
2024     438,748                   438,748  
Global X FinTech ETF                      
2025   $ 1,677,055     $     $     $ 1,677,055  
2024     709,172                   709,172  
Global X Internet of Things ETF                      
2025   $ 1,496,685     $     $     $ 1,496,685  
2024     1,821,857                   1,821,857  
Global X Robotics & Artificial Intelligence ETF                      
2025   $ 6,592,167     $     $     $ 6,592,167  
2024     1,998,947             2,145,659       4,144,606  
Global X U.S. Infrastructure Development ETF                      
2025   $ 51,346,847     $     $     $ 51,346,847  
2024     34,799,827       6,870,550             41,670,377  
Global X Autonomous & Electric Vehicles ETF                      
2025   $ 7,150,304     $     $     $ 7,150,304  
2024     10,410,110                   10,410,110  
Global X Artificial Intelligence & Technology ETF                      
2025   $ 4,826,023     $     $     $ 4,826,023  
2024     3,035,733                   3,035,733  
Global X Genomics & Biotechnology ETF                      
2025   $ 43,713     $     $     $ 43,713  
2024                        
Global X Cloud Computing ETF                      
2025   $     $     $     $  
2024                        
Global X Cybersecurity ETF                      
2025   $     $     $ 755,500     $ 755,500  
2024     741,657                   741,657  
Global X Dorsey Wright Thematic ETF                      
2025   $ 99,799     $     $     $ 99,799  
2024     412,897             180,016       592,913  
Global X Video Games & Esports ETF                      
2025   $ 1,621,103     $     $     $ 1,621,103  
2024     1,027,863                   1,027,863  
Global X HealthTech ETF                      
2025   $ 32,853     $     $     $ 32,853  

 

180

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

 

6. TAX INFORMATION (continued)

 

Global X Funds   Ordinary
Income
    Long-Term
Capital Gain
    Return of Capital     Totals  
2024                        
Global X ClimateTech ETF                      
2025   $ 425,046     $     $     $ 425,046  
2024     452,237                   452,237  
Global X Data Center & Digital Infrastructure ETF                      
2025   $ 3,135,289     $     $     $ 3,135,289  
2024     881,454                   881,454  
Global X Clean Water ETF                      
2025   $ 150,966     $     $     $ 150,966  
2024     135,553                   135,553  
Global X AgTech & Food Innovation ETF                      
2025   $ 105,560     $     $     $ 105,560  
2024     73,440                   73,440  
Global X Blockchain ETF                      
2025   $ 11,977,855     $     $     $ 11,977,855  
2024     3,111,807                   3,111,807  
Global X Hydrogen ETF                      
2025   $ 522,677     $     $     $ 522,677  
2024                        
Global X Defense Tech ETF                      
2025   $ 8,050,183     $     $     $ 8,050,183  
2024     487,195                   487,195  
Global X Infrastructure Development ex-U.S. ETF                      
2025   $ 33,086     $     $     $ 33,086  
2024                        
Global X AI Semiconductor & Quantum ETF                      
2025   $     $     $     $  

 

On August 29, 2025 the Global X PropTech ETF was liquidated, and closed and paid a long term capital gain distribution of $9,611. The tax character of the distribution will be communicated on Form 1099DIV in 2026.

 

As of November 30, 2025, the components of tax basis distributable earnings (accumulated losses) were as follows:

 

    Global X
Millennial
Consumer ETF
  Global X Aging
Population ETF
  Global X
FinTech ETF
Undistributed Ordinary Income   $ 131,380     $ 283,686     $ 278,207  
Capital Loss Carryforwards     (15,250,044 )     (4,584,345 )     (190,561,020 )
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency     (6,775,217 )     7,659,855       (75,251,707 )
Other Temporary Differences           (1 )     8  
Total Distributable Earnings (Accumulated Losses)   $ (21,893,881 )   $ 3,359,195     $ (265,534,512 )

 

181

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

 

6. TAX INFORMATION (continued)

 

    Global X
Internet of
Things ETF
  Global X
Robotics &
Artificial
Intelligence ETF
  Global X U.S.
Infrastructure
Development
ETF
Undistributed Ordinary Income   $ 579,928     $ 3,805,648     $ 35,834,997  
Undistributed Long-Term Capital Gain                 27,146,075  
Capital Loss Carryforwards     (23,435,993 )     (552,046,342 )      
Unrealized Appreciation on Investments and Foreign Currency     11,607,392       102,595,498       2,278,956,467  
Other Temporary Differences     (2 )     (1 )     148  
Total Distributable Earnings (Accumulated Losses)   $ (11,248,675 )   $ (445,645,197 )   $ 2,341,937,687  
                         
    Global X
Autonomous &
Electric Vehicles
ETF
  Global X
Artificial
Intelligence &
Technology ETF
  Global X
Genomics &
Biotechnology
ETF
Undistributed Ordinary Income   $ 1,448,392     $ 1,700,455     $  
Capital Loss Carryforwards     (241,386,083 )     (13,935,373 )     (125,878,857 )
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency     (47,362,825 )     1,125,507,733       (13,785,026 )
Other Temporary Differences     (4 )     (6 )     (174,314 )
Total Distributable Earnings (Accumulated Losses)   $ (287,300,520 )   $ 1,113,272,809     $ (139,838,197 )
                         
    Global X Cloud
Computing ETF
  Global X
Cybersecurity
ETF
  Global X
Dorsey Wright
Thematic ETF
Undistributed Ordinary Income   $     $     $ 16,749  
Capital Loss Carryforwards     (290,771,505 )     (276,224,066 )     (55,356,964 )
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency     (118,142,393 )     (7,814,260 )     208,904  
Late Year Loss Deferral     (1,537,568 )     (1,542,528 )      
Other Temporary Differences     3       2       (3 )
Total Accumulated Losses   $ (410,451,463 )   $ (285,580,852 )   $ (55,131,314 )
                         
    Global X Video
Games &
Esports ETF
  Global X
HealthTech ETF
  Global X
ClimateTech
ETF
Undistributed Ordinary Income   $ 1,035,614     $ 100,571     $ 117,316  
Capital Loss Carryforwards     (85,226,773 )     (144,972,427 )     (67,779,570 )
Unrealized Depreciation on Investments and Foreign Currency     (14,190,403 )     (12,859,303 )     (29,883,679 )
Other Temporary Differences     3       2       (3 )
Total Accumulated Losses   $ (98,381,559 )   $ (157,731,157 )   $ (97,545,936 )

 

182

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

 

6. TAX INFORMATION (continued)

 

    Global X Data
Center & Digital
Infrastructure
ETF
  Global X Clean
Water ETF
  Global X
AgTech & Food
Innovation ETF
Undistributed Ordinary Income   $ 2,992,127     $ 154,981     $ 89,537  
Capital Loss Carryforwards     (3,582,984 )     (553,798 )     (4,415,448 )
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency     50,466,396       (346,218 )     (1,179,503 )
Other Temporary Differences     (1 )     (1 )     5  
Total Distributable Earnings (Accumulated Losses)   $ 49,875,538     $ (745,036 )   $ (5,505,409 )
                         
    Global X
Blockchain ETF
  Global X
Hydrogen ETF
  Global X
Defense Tech
ETF
Undistributed Ordinary Income   $ 495,638     $ 1,204,943     $ 7,521,113  
Capital Loss Carryforwards     (153,674,396 )     (41,895,574 )     (21,004,880 )
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency     63,675,627       (2,922,814 )     492,845,486  
Other Temporary Differences     (4 )     (3 )     (4 )
Total Distributable Earnings (Accumulated Losses)   $ (89,503,135 )   $ (43,613,448 )   $ 479,361,715  
                         
            Global X
Infrastructure
Development
ex-U.S. ETF
  Global X AI
Semiconductor
& Quantum
ETF
Undistributed Ordinary Income           $ 40,053     $  
Capital Loss Carryforwards             (47,028 )     (53,054 )
Unrealized Appreciation on Investments and Foreign Currency             412,270       66,237  
Other Temporary Differences             2       1  
Total Distributable Earnings           $ 405,297     $ 13,184  

 

Qualified late year ordinary (including currency and specified gain/loss items) represents losses realized from January 1, 2025 through November 30, 2025, that in accordance with federal income tax regulations, the Funds have elected to defer and treat as having arisen in the following fiscal year.

 

For taxable years beginning after December 22, 2010, a registered investment company 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.

 

183

 

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

6. TAX INFORMATION (continued)

 

The Federal tax cost and aggregated gross unrealized appreciation and depreciation on investments held by the Funds at May 31, 2026, were as follows:

 

Global X Funds   Federal Tax
Cost
  Aggregated
Gross
Unrealized
Appreciation
  Aggregated
Gross
Unrealized
Depreciation
  Net Unrealized
Appreciation
(Depreciation)
Global X Millennial Consumer ETF   $ 108,322,316     $ 16,352,154     $ (27,281,305)   $ (10,929,151)
Global X Aging Population ETF     81,310,096       8,173,806       (7,875,504)     298,302  
Global X FinTech ETF     270,047,231       18,326,927       (87,871,751)     (69,544,824)
Global X Internet of Things ETF     174,985,766       82,186,187       (3,864,446)     78,321,741  
Global X Robotics & Artificial Intelligence ETF     3,026,708,071       825,593,742       (22,560,469)     803,033,273  
Global X U.S. Infrastructure Development ETF             3,790,899,096       (262,391,319)     3,528,507,777  
Global X Autonomous & Electric Vehicles ETF     397,867,820       151,070,160       (64,539,866)     86,530,294  
Global X Artificial Intelligence & Technology ETF     7,419,750,271       3,946,444,033       (455,480,229)     3,490,963,804  
Global X Genomics & Biotechnology ETF     69,784,349       8,614,366       (17,560,655)     (8,946,289)
Global X Cloud Computing ETF     335,343,117       38,661,769       (105,004,002)     (66,342,233)
Global X Cybersecurity ETF     1,075,441,838       203,917,223       (92,217,040)     111,700,183  
Global X Dorsey Wright Thematic ETF     8,149,751       2,125,769             2,125,769  
Global X Video Games & Esports ETF     87,302,468       7,511,690       (25,516,168)     (18,004,478)
Global X HealthTech ETF     41,197,034       1,199,266       (16,281,794)     (15,082,528)
Global X ClimateTech ETF     51,744,478       9,870,521       (24,950,315)     (15,079,794)
Global X Data Center & Digital Infrastructure ETF     1,761,619,399       451,110,078       (8,627,545)     442,482,533  
Global X Clean Water ETF     25,451,015       436,633       (3,036,479)     (2,599,846)
Global X AgTech & Food Innovation ETF     9,759,213       855,412       (682,922)     172,490  
Global X Blockchain ETF     365,402,533       79,741,012       (37,766,151)     41,974,861  
Global X Hydrogen ETF     106,378,950       67,775,684       (4,816,912)     62,958,772  
Global X Defense Tech ETF     7,453,699,398       919,878,031       (146,879,985)     772,998,046  
Global X Infrastructure Development ex-U.S. ETF     4,466,899       1,042,808       (93,763)     949,045  
Global X AI Semiconductor & Quantum ETF     195,307,889       33,456,167       (832,187)     32,623,980  
Global X Space Tech ETF     78,729,109       3,985,119       (98,759)     3,886,360  

 

The preceding differences between book and tax cost are primarily due to mark-to-market of passive foreign investment companies, partnership adjustments, and wash sales.

 

184

 

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

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 and the level of governmental supervision and regulation of securities markets in the respective countries.

 

The Funds may invest in companies focused on business activities in emerging economic themes. Such thematic companies typically face intense competition and potentially rapid product obsolescence. Thematic companies may have limited product lines, markets, financial resources or personnel. These companies typically engage in significant amounts of spending on research and development, capital expenditures and mergers and acquisitions, and there is no guarantee that the products or services produced by these companies will be successful. These companies are also frequently dependent on intellectual property rights and may be adversely affected by loss or impairment of those rights. There can be no assurance these companies will be able to successfully protect their intellectual property to prevent the misappropriation of their technology, or that competitors will not develop technology that is substantially similar or superior to such companies’ technology. Such companies may be potential targets for cyberattacks, which can have a materially adverse impact on the performance of these companies. The emergent nature of many economic themes could result in increasing regulatory scrutiny in the future, which may impede the growth of companies that develop and/or focus on such economic themes. Similarly, the collection of data from consumers and other sources is frequently a critical component in emerging economic themes which could lead to increased scrutiny as regulators consider how the data is collected, stored, safeguarded and used. Finally, these companies may be involved in young, fast evolving industries with increased exposure to the risks associated with changes in applicable laws (including regulation, other rule changes, and related federal and state enforcement activities), as well as market developments, which may cause businesses to contract or close suddenly and negatively impact the value of these companies.

 

Special Risk Considerations of Investing in China — Variable Interest Entity Investments. For purposes of raising capital offshore on exchanges outside of China, including on U.S. exchanges, many Chinese-based operating companies are structured as Variable Interest Entities (“VIEs”). In this structure, the Chinese-based operating company is the VIE and establishes a shell company in a foreign jurisdiction, such as the Cayman Islands. The shell company lists on a foreign exchange and enters into contractual arrangements with the VIE. This structure allows Chinese companies in which the government restricts foreign ownership to raise capital from foreign investors. While the shell company has no equity ownership of the VIE, these contractual arrangements permit the shell company to consolidate the VIE’s financial statements with its own for accounting purposes and provide for economic exposure to the performance of the underlying Chinese operating company. Therefore, an investor in the listed shell company, such as certain of the Funds,

 

185

 

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

7. CONCENTRATION OF RISKS (continued)

 

will have exposure to the Chinese-based operating company only through contractual arrangements and has no ownership in the Chinese-based operating company. Furthermore, because the shell company only has specific rights provided for in these service agreements with the VIE, its abilities to control the activities at the Chinese-based operating company are limited and the operating company may engage in activities that negatively impact investment value. While the VIE structure has been widely adopted, it is not formally recognized under Chinese law and therefore there is a risk that the Chinese government could prohibit the existence of such structures or negatively impact the VIE’s contractual arrangements with the listed shell company by declaring them invalid. If these contracts were found to be unenforceable under Chinese law, investors in the listed shell company, such as the Fund, may suffer significant losses with little or no recourse available. If the Chinese government determines that the agreements establishing the VIE structures do not comply with Chinese law and regulations, including those related to restrictions on foreign ownership, it could subject a Chinese-based issuer to penalties, revocation of business and operating licenses, or forfeiture of ownership interest. In addition, the listed shell company’s control over a VIE may also be jeopardized if a natural person who holds the equity interest in the VIE breaches the terms of the agreement, is subject to legal proceedings or if any physical instruments for authenticating documentation, such as chops and seals, are used without the Chinese-based issuer’s authorization to enter into contractual arrangements in China. Chops and seals, which are carved stamps used to sign documents, represent a legally binding commitment by the company. Moreover, any future regulatory action may prohibit the ability of the shell company to receive the economic benefits of the Chinese based operating company, which may cause the value of a Fund’s investment in the listed shell company to suffer a significant loss. For example, in 2021, the Chinese government prohibited use of the VIE structure for investment in after-school tutoring companies. There is no guarantee that the government will not place similar restrictions on other industries.

 

These actions, any future sanctions or other actions, or even the threat of further sanctions or other actions, may negatively affect the value and liquidity of certain of the Funds’ investments. For example, a Fund may be prohibited from investing in securities issued by companies subject to such sanctions. In addition, sanctions may require a Fund to freeze its existing investments, prohibiting such Fund from buying, selling or otherwise transacting in these investments.

 

Each Fund 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. The Funds use a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of the underlying index (also known as a

 

186

 

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

7. CONCENTRATION OF RISKS (continued)

 

secondary index) in approximately the same proportions as in the underlying index. The Funds may utilize a representative sampling strategy with respect to their underlying index when a replication strategy might be detrimental to their shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to follow its 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 the Funds but not to the underlying indexes).

 

Commodity related securities are susceptible to fluctuations in certain commodity markets. Any negative changes in commodity markets could have a substantial impact on these Funds.

 

Economic conditions, such as volatile currency exchange rates and interest rates, political events, military action and other conditions may, without prior warning, lead to foreign government intervention (including intervention by the U.S. Government with respect to foreign governments, economic sectors, foreign companies and related securities and interests) and the imposition of capital controls (i.e., government measures designed to limit the flow of foreign capital in and out of the domestic economy) and/or sanctions, which may also include retaliatory actions of one government against another government, such as the seizure of assets. Capital controls and/or sanctions include the prohibition of, or restrictions on, the ability to transfer currency, securities or other assets. Capital controls and/or sanctions may also impact the ability of a Fund to buy, sell or otherwise transfer securities or currency, negatively impact the value and/or liquidity of such instruments, adversely affect the trading market and price for Shares of a Fund, and cause a Fund to decline in value.

 

Thematic companies are subject to significant risks, including rapid changes in product cycles, product obsolescence, supply chain disruptions, evolving government regulations, intense domestic and international competition, and shifting consumer sentiment.

 

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

 

8. LOANS OF PORTFOLIO SECURITIES

 

Mitsubishi UFJ Trust and Banking Corporation (“MUFJ”) and BNY serve as securities lending agents for the Funds (each a “Securities Lending Agent”). MUFJ serves as Securities Lending Agent for the Global X Millennial Consumer ETF, Global X U.S. Infrastructure Development ETF, Global X Cloud Computing ETF and Global X HealthTech ETF. BNY serves as Securities Lending Agent for all Funds other than the Global X Millennial Consumer ETF, Global X U.S. Infrastructure Development ETF, Global X Cloud Computing ETF and Global X HealthTech ETF.

 

187

 

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

8. LOANS OF PORTFOLIO SECURITIES (continued)

 

Each Fund may lend portfolio securities having a market value up to one-third of its total assets. Security loans made pursuant to securities lending agreements with BBH and BNY are initially required to be secured by collateral equal to at least 102% of the value of domestic equity securities and American Depositary Receipts (“ADRs”) and 105% of the value of foreign equity securities (other than ADRs). Such collateral received in connection with these loans will be cash and can be invested in repurchase agreements, short-term investments, or U.S. Treasury obligations and is recognized in the Schedules of Investments and Statements of Assets and Liabilities. The obligation to return securities lending collateral is also recognized as a liability in the Statements of Assets and Liabilities. It is each Fund’s policy to obtain additional collateral from or return excess collateral to the borrower by the end of the next business day, following the valuation date of the securities loaned. Therefore, the value of the collateral held may be temporarily less than the value of the securities on loan.

 

Securities pledged as collateral for repurchase agreements held in the Funds are held by the Custodian of the applicable Fund, and are designated as being held on each Fund’s behalf 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 the counterparty to a repurchase agreement defaults on its obligations and the Fund is prevented from exercising its rights to dispose of the underlying securities received as collateral and the risk of a possible decline in the value of the underlying securities during the period. For financial statement purposes, the Funds record the securities lending collateral (including 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.

 

Cash collateral received in connection with securities lending is invested in repurchase agreements and short-term investments by the lending agent. The Funds do not have effective control of the non-cash collateral and therefore it is not disclosed in the Fund’s Schedule of Investments.

 

Securities lending transactions are entered into by the Funds under the Securities Lending Agreement, which permits a Fund, under certain circumstances such as an event of default, to offset amounts payable by the Fund to the same counterparty against amounts receivable from the counterparty to create a net payment due to or from the Fund.

 

188

 

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

8. LOANS OF PORTFOLIO SECURITIES (continued)

 

Income from securities lending is determined by the amount of interest earned on collateral, net of any rebate and securities lending agent fees.

 

The following is a summary of securities on loan by the Funds, with cash collateral of overnight maturities and non-cash collateral, which would be subject to offset as of May 31, 2026.

 

    Gross Amount
of Recognized
Assets (Value
of Securities on
Loan)
  Value of Cash
Collateral
Received(1)
  Value of
Non-Cash
Collateral
Received(1)
  Net
Amount(2)
Global X Millennial Consumer ETF   $ 280,433     $ 278,824     $     $ 1,609  
Global X FinTech ETF     17,386,660       5,141,434       12,245,226        
Global X Internet of Things ETF     5,810,461       2,118,997       3,691,464        
Global X Robotics & Artificial Intelligence ETF     267,414,297       101,681,371       165,732,926        
Global X U.S. Infrastructure Development ETF     11,803,885       11,803,885              
Global X Autonomous & Electric Vehicles ETF     30,693,074       8,351,600       22,341,474        
Global X Artificial Intelligence & Technology ETF     98,907,529       60,615,230       38,292,299        
Global X Genomics & Biotechnology ETF     6,768,940       1,700,474       5,068,466        
Global X Cloud Computing ETF     202,350       202,350              
Global X Cybersecurity ETF     23,046,344       13,767,085       8,620,091       659,168  
Global X Dorsey Wright Thematic ETF     1,710,913       1,710,913              
Global X Video Games & Esports ETF     4,913,615       4,993,241       79,626        
Global X HealthTech ETF     1,093,119       1,093,119              
Global X ClimateTech ETF     3,948,054       2,867,048       1,081,006        
Global X Data Center & Digital Infrastructure ETF     53,403,491       53,517,882       114,391        
Global X AgTech & Food Innovation ETF     717,636       717,636              
Global X Blockchain ETF     65,817,484       18,119,636       47,697,848        
Global X Hydrogen ETF     22,531,666       6,213,200       16,318,466        
Global X Defense Tech ETF     152,575,832       97,688,150       54,887,682        

 

189

 

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

8. LOANS OF PORTFOLIO SECURITIES (continued)

 

(1) Collateral and non-cash collateral received in excess of market value of securities on loan is not presented in this table. The total cash collateral received by the Fund is disclosed in the Statements of Assets and Liabilities.
(2) The Fund adjusts collateral with the borrower by the next business day after valuing loaned securities. As a result, collateral may briefly fall below the value of securities on loan.

 

The value of loaned securities and related collateral outstanding at May 31, 2026 are shown in the Schedules of Investments. The value of the collateral held may be temporarily less than that required under the lending contract. As of May 31, 2026, the cash collateral was invested in repurchase agreements, short-term investments and the non-cash collateral consisted of U.S. Treasury Bills, Notes, Bonds and U.S. Treasury Inflation Indexed Bonds with the following maturities:

 

    Overnight
and
Continuous
  <30 Days   Between
30 & 90
Days
  >90 Days   Total
Global X Millennial Consumer ETF                                        
Short-Term Investments   $ 278,824     $     $     $     $ 278,824  
Total   $ 278,824     $     $     $     $ 278,824  
Global X FinTech ETF                                        
Repurchase Agreements   $ 5,141,434     $     $     $     $ 5,141,434  
U.S. Government Securities           8,323             12,313,981       12,322,304  
Total   $ 5,141,434     $ 8,323     $     $ 12,313,981     $ 17,463,738  
Global X Internet of Things ETF                                        
Repurchase Agreements   $ 2,118,997     $     $     $     $ 2,118,997  
U.S. Government Securities                       3,875,213       3,875,213  
Total   $ 2,118,997     $     $     $ 3,875,213     $ 5,994,210  
Global X Robotics & Artificial Intelligence ETF                                        
Repurchase Agreements   $ 101,681,371     $     $     $     $ 101,681,371  
U.S. Government Securities           17,617       2,921,321       170,154,817       173,093,755  
Total   $ 101,681,371     $ 17,617     $ 2,921,321     $ 170,154,817     $ 274,775,126  
Global X U.S. Infrastructure Development ETF                                        
Short-Term Investments   $ 12,152,125     $     $     $     $ 12,152,125  
Total   $ 12,152,125     $     $     $     $ 12,152,125  
Global X Autonomous & Electric Vehicles ETF                                        
Repurchase Agreements   $ 8,351,600     $     $     $     $ 8,351,600  

 

190

 

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

8. LOANS OF PORTFOLIO SECURITIES (continued)

 

    Overnight
and
Continuous
  <30 Days   Between
30 & 90
Days
  >90 Days   Total
U.S. Government Securities           20,114       214,311       22,685,647       22,920,072  
Total   $ 8,351,600     $ 20,114     $ 214,311     $ 22,685,647     $ 31,271,672  
Global X Artificial Intelligence & Technology ETF                                        
Repurchase Agreements   $ 60,615,230     $     $     $     $ 60,615,230  
U.S. Government Securities           3,579       75,243       38,434,809       38,513,631  
Total   $ 60,615,230     $ 3,579     $ 75,243     $ 38,434,809     $ 99,128,861  
Global X Genomics & Biotechnology ETF                                        
Repurchase Agreements   $ 1,700,474     $     $     $     $ 1,700,474  
U.S. Government Securities           850             5,162,944       5,163,794  
Total   $ 1,700,474     $ 850     $     $ 5,162,944     $ 6,864,268  
Global X Cloud Computing ETF                                        
Short-Term Investments   $ 517,335     $     $     $     $ 517,335  
Total   $ 517,335     $     $     $     $ 517,335  
Global X Cybersecurity ETF                                        
Repurchase Agreements   $ 13,767,085     $     $     $     $ 13,767,085  
U.S. Government Securities                       8,620,091       8,620,091  
Total   $ 13,767,085     $     $     $ 8,620,091     $ 22,387,176  
Global X Dorsey Wright Thematic ETF                                        
Repurchase Agreements   $ 1,753,706     $     $     $     $ 1,753,706  
Total   $ 1,753,706     $     $     $     $ 1,753,706  
Global X HealthTech ETF                                        
Short-Term Investments   $ 1,116,453     $     $     $     $ 1,116,453  
Total   $ 1,116,453     $     $     $     $ 1,116,453  
Global X ClimateTech ETF                                        
Repurchase Agreements   $ 2,867,048     $     $     $     $ 2,867,048  
U.S. Government Securities           2,647       5,621       1,310,271       1,318,539  
Total   $ 2,867,048     $ 2,647     $ 5,621     $ 1,310,271     $ 4,185,587  
Global X Data Center & Digital Infrastructure ETF                                        
Repurchase Agreements   $ 53,517,882     $     $     $     $ 53,517,882  
U.S. Government Securities                 1,603       1,583,690       1,585,293  
Total   $ 53,517,882     $     $ 1,603     $ 1,583,690     $ 55,103,175  
Global X AgTech & Food Innovation ETF                                        
Repurchase Agreements   $ 762,352     $     $     $     $ 762,352  
Total   $ 762,352     $     $     $     $ 762,352  

 

191

 

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

8. LOANS OF PORTFOLIO SECURITIES (continued)

 

    Overnight
and
Continuous
  <30 Days   Between
30 & 90
Days
  >90 Days   Total
Global X Blockchain ETF                                        
Repurchase Agreements   $ 18,119,636     $     $     $     $ 18,119,636  
U.S. Government Securities           17,774       953       48,673,503       48,692,230  
Total   $ 18,119,636     $ 17,774     $ 953     $ 48,673,503     $ 66,811,866  
Global X Hydrogen ETF                                        
Repurchase Agreements   $ 6,213,200     $     $     $     $ 6,213,200  
U.S. Government Securities           56,313             16,703,561       16,759,874  
Total   $ 6,213,200     $ 56,313     $     $ 16,703,561     $ 22,973,074  
Global X Defense Tech ETF                                        
Repurchase Agreements   $ 97,688,150     $     $     $     $ 97,688,150  
U.S. Government Securities           26,990       196,889       65,304,121       65,528,000  
Total   $ 97,688,150     $ 26,990     $ 196,889     $ 65,304,121     $ 163,216,150  

 

9. CONTRACTUAL OBLIGATIONS

 

The Funds enter into contracts in the normal course of business that contain a variety of indemnifications. The Funds’ maximum exposure under these contracts is unknown. However, the Funds have not had prior gains or losses pursuant to these contracts. Management has reviewed the Funds’ existing contracts and expects the risk of loss to be remote.

 

Pursuant to the Trust’s organizational documents, the Trustees of the Trust and the Trust’s officers are indemnified against certain liabilities that may arise out of the performance of their duties.

 

10. REVERSE SHARE SPLIT

 

Effective August 29, 2025, the Board of the Trust approved a reverse share split at the ratio of one to four (1:4) of the issued and outstanding shares of the Global X Genomics & Biotechnology ETF (the “Reverse Share Split”). The Reverse Share Split was completed after the close of business on August 29, 2025. The effect of this transaction for the Fund was to divide the number of outstanding Shares of the Fund by a one to four ratio, resulting in a corresponding increase in the NAV per Share. The per share data in the financial highlights for each of the years in the period then ended, have been given retroactive effect to reflect this reverse share split. There were no changes in net assets, results of operations or total return as a result of this transaction.

 

Effective August 29, 2025, the Board of the Trust approved a reverse share split at the ratio of one to three (1:3) of the issued and outstanding shares of the Global X HealthTech ETF (the “Reverse Share Split”). The Reverse Share Split was completed after the close

 

192

 

Notes to Financial Statements (Continued)

May 31, 2026 (Unaudited)

 

 

10. REVERSE SHARE SPLIT (continued)

 

of business on August 29, 2025. The effect of this transaction for the Fund was to divide the number of outstanding Shares of the Fund by a one to three ratio, resulting in a corresponding increase in the NAV per Share. The per share data in the financial highlights for each of the years in the period then ended, have been given retroactive effect to reflect this reverse share split. There were no changes in net assets, results of operations or total return as a result of this transaction.

 

Effective August 29, 2025, the Board of the Trust approved a reverse share split at the ratio of one to five (1:5) of the issued and outstanding shares of the Global X ClimateTech ETF (the “Reverse Share Split”). The Reverse Share Split was completed after the close of business on August 29, 2025. The effect of this transaction for the Fund was to divide the number of outstanding Shares of the Fund by a one to five ratio, resulting in a corresponding increase in the NAV per Share. The per share data in the financial highlights for each of the years in the period then ended, have been given retroactive effect to reflect this reverse share split. There were no changes in net assets, results of operations or total return as a result of this transaction.

 

Effective August 29, 2025, the Board of the Trust approved a reverse share split at the ratio of one to three (1:3) of the issued and outstanding shares of the Global X AgTech & Food Innovation ETF (the “Reverse Share Split”). The Reverse Share Split was completed after the close of business on August 29, 2025. The effect of this transaction for the Fund was to divide the number of outstanding Shares of the Fund by a one to three ratio, resulting in a corresponding increase in the NAV per Share. The per share data in the financial highlights for each of the years in the period then ended, have been given retroactive effect to reflect this reverse share split. There were no changes in net assets, results of operations or total return as a result of this transaction.

 

Effective June 14, 2024, the Board of the Trust approved a reverse share split at the ratio of one to five (1:5) of the issued and outstanding shares of the Global X Hydrogen ETF (the “Reverse Share Split”). The Reverse Share Split was completed after the close of business on June 14, 2024. The effect of this transaction for the Fund was to divide the number of outstanding Shares of the Fund by a one to five ratio, resulting in a corresponding increase in the NAV per Share. The per share data in the financial highlights for each of the years in the period then ended, have been given retroactive effect to reflect this reverse share split. There were no changes in net assets, results of operations or total return as a result of this transaction.

 

Effective December 19, 2022, the Board of the Trust approved a reverse share split at the ratio of one to four (1:4) of the issued and outstanding shares of the Global X Blockchain ETF (the “Reverse Share Split”). The Reverse Share Split was completed after the close of business on December 19, 2022. The effect of this transaction for the Fund was to divide the number of outstanding Shares of the Fund by a one to four ratio, resulting in a

 

193

 

 

Notes to Financial Statements (Concluded)

May 31, 2026 (Unaudited)

 

 

10. REVERSE SHARE SPLIT (continued)

 

corresponding increase in the NAV per Share. The per share data in the financial highlights for each of the years in the period then ended, has been given retroactive effect to reflect this reverse share split. There were no changes in net assets, results of operations or total return as a result of this transaction.

 

11. 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 Fund’s financial position or the results of its operations.

 

12. SUBSEQUENT EVENTS

 

The Funds have been evaluated by management regarding the need for additional disclosures (other than what is disclosed in the preceding paragraphs) and/or adjustments resulting from subsequent events. Based on this evaluation, no additional adjustments were required to the financial statements.

 

194

 

 

Other information (Form N-CSRS Items 8-11) (Unaudited)

 

 

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 an ETF’s investment advisory agreement and whether to approve entering into, or renewing, the agreement.

 

At a Board meeting (the “New Fund Board Meeting”) of the Global X Funds (the “Trust”) held on January 28, 2026, with respect to the Global X Space Tech ETF (the “New Fund”), the Board of Trustees (the “Board”) (including the Trust’s Independent Trustees, voting separately) considered and unanimously approved (i) the initial Investment Advisory Agreement (the “New Investment Advisory Agreement”); and (ii) the initial Supervision and Administration Agreement (the “New Supervision and Administration Agreement”) between the Trust, on behalf of the New Fund, and Global X Management Company LLC (“Global X Management”). The New Investment Advisory Agreement and New Supervision and Administration Agreement are referred to collectively as the “New Fund Agreements.”

 

195

 

 

Other information (Form N-CSRS Items 8-11) (Unaudited)

 

 

In advance of the New Fund 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 New Fund 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 New Fund Agreements, the Trust’s Independent Trustees were advised by their independent legal counsel and, in addition to meetings with management of Global X Management, the Independent Trustees met separately in executive sessions with their counsel

 

NEW FUND AGREEMENTS

 

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

 

Nature, Extent and Quality of Services

 

The Board considered the nature, extent and quality of all of the services (including advisory, administrative and compliance services) that are proposed to be provided by Global X Management or made available to the New Fund. With respect to this factor, the Board considered:

 

the terms of the New Fund Agreements and the range of services proposed to be provided to the New Fund in accordance with the New Fund Agreements;
   
Global X Management’s key personnel and the portfolio managers who would provide investment advisory, supervision and administrative services to the New Fund;
   
Global X Management’s responsibilities under the New Fund Agreements to, among other things, (i) manage the investment operations of the New Fund and the composition of the New Fund’s assets, including the purchase, retention and disposition of its holdings, (ii) provide quarterly reports to the Trust’s officers and the Board and other reports as the Board deems necessary or appropriate, (iii) vote proxies, exercise consents, and exercise all other rights relating to securities and assets held by the New Fund, (iv) select broker-dealers to execute portfolio transactions for the New Fund when necessary, (v) assist in the preparation and filing of reports and proxy statements (if any) to the shareholders of the New Fund, and the periodic updating of the registration statements, prospectuses, statements of additional information, and other reports and documents for the New Fund that are required to be filed by the Trust with the U.S. Securities and Exchange Commission (“SEC”) and other regulatory or governmental bodies, and (vi) monitor anticipated purchases and redemptions of the

 

196

 

 

Other information (Form N-CSRS Items 8-11) (Unaudited)

 

 

shares (including Creation Units) of the New Fund by shareholders and new investors;

 

the New Fund’s investment strategies and Global X Management’s experience with such strategies, including with respect to any unique aspect of its strategies; and
   
the quality of Global X Management’s resources and personnel that would be made available to the New Fund, including Global X Management’s experience and the professional qualifications of Global X Management’s key personnel.

 

Based on these considerations, the Board concluded at the New Fund Board Meeting that it was satisfied with the nature, extent and quality of the services proposed to be provided to the New Fund by Global X Management.

 

Performance

 

The Board determined that, because the New Fund had not yet begun investment operations as of the dates of the New Fund Board Meeting, meaningful data relating to the investment performance of the New Fund was not available and, therefore, could not be a factor in approving the New Fund Agreements.

 

Cost of Services and Profitability

 

The Board considered Global X Management’s expected costs to provide investment management, supervision and administrative and related services to the New Fund. With respect to this factor, the Board considered:

 

the management fee (including the proposed investment advisory fee) (“Management Fee”) that was proposed to be borne by the New Fund under the New Fund Agreements for the various investment advisory, supervisory and administrative services that the New Fund requires under a unitary fee structure (including the types of fees and expenses that are not included within the unitary fee and would be borne by the New Fund); and
   
the expected profitability to Global X Management, if any, from all of the services proposed to be provided to the New Fund by Global X Management and all aspects of the relationship between Global X Management and the New Fund.

 

Based on these considerations, the Board concluded that the proposed Management Fee to be paid by the New Fund to Global X Management, in light of the nature, extent and quality of the services to be provided, was reasonable and in the best interests of the New Fund’s shareholders.

 

Comparison of Fees and Services

 

The Board considered the fees that were proposed to be charged to the New Fund for advisory services. With respect to this factor, the Board considered:

 

197

 

 

Other information (Form N-CSRS Items 8-11) (Unaudited)

 

 

comparative information with respect to the proposed Management Fee to be paid to Global X Management by the New Fund. In connection with this consideration, Global X Management provided the Board with comparative expense data for the New Fund, including fees and expenses paid by unaffiliated similar specialized and/ or focused ETFs, and/or other similar registered funds. The Board considered Global X Management’s detailed explanation of the proposed fee structure of the New Fund compared to the average and median of the New Fund’s peer group. The Board noted that the New Fund’s proposed Management Fee was 15 basis points lower than the peer group average and 25 basis points lower than the peer group median and its total expenses were expected to be 21 basis points lower than the peer group average and 25 basis points lower than the peer group median, and that Global X Management believed that the proposed fees and expenses were within the range of the fees and expenses of the comparable funds.;
   
the structure of the proposed unitary Management Fee (which includes as one component the proposed investment advisory fee for the New Fund) and the expected total expense ratio for the New Fund. In this regard, the Board took into consideration that the purpose of adopting a unitary Management Fee structure for the New Fund was to create a simple, all-inclusive fee that would provide a level of predictability with respect to the overall expense ratio (i.e., the total fees) of the New Fund and that the proposed Management Fee for the New Fund was set at a competitive level to make the New Fund viable in the marketplace; and
   
that, under the proposed unified Management Fee structure, Global X Management would be responsible for most ordinary expenses of the New Fund, including the costs of various third-party services required by the New Fund, including investment advisory, administrative, audit, certain custody, portfolio accounting, legal, transfer agency and printing costs, but that the New Fund would bear other expenses not covered under the proposed unitary Management Fee, such as taxes, brokerage fees, commissions, and other transaction expenses, interest expenses, and extraordinary expenses.

 

Based on these considerations, the Board concluded at the New Fund Board Meeting that the services to be received and the fees to be charged under the applicable New Fund Agreements were reasonable on a comparative basis.

 

Economies of Scale

 

The Board considered the extent to which economies of scale would be realized as the New Fund grows and whether the proposed unitary Management Fee for the New Fund reflected these economies of scale. With respect to this factor, the Board considered:

 

the significant investment of time, personnel and other resources that Global X Management intends to make in the New Fund in seeking to assure that the New Fund

 

198

 

 

Other information (Form N-CSRS Items 8-11) (Unaudited)

 

 

is attractive to investors; and

 

that the proposed unitary Management Fee would provide a high level of certainty as to the total level of expenses for the New Fund and its shareholders.

 

Based on these considerations, the Board concluded at the New Fund Board Meeting that the proposed unitary Management Fee for the New Fund appropriately addressed economies of scale.

 

Other Benefits

 

In considering the New Fund Agreements, in addition to the factors discussed above, the Board considered other benefits that may be realized by Global X Management as a result of its relationship with the New Fund.

 

Conclusion

 

After full consideration of the factors above, as well as other factors that were instructive in their consideration, the Board, including all of the Trust’s Independent Trustees voting separately, concluded, in the exercise of its business judgement, that the New Fund Agreements were fair and reasonable and in the best interest of the New Fund.

 

In reaching this decision, the Board did not assign relative weights to the factors above nor did the Board deem any one factor or group of them to be controlling in and of themselves. Each member of the Board may have assigned different weights to the various factors.

 

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605 Third Avenue, 43rd Floor
New York, NY 10158
1-888-493-8631
www.globalxetfs.com

 

Investment Adviser and Administrator:

Global X Management Company LLC
605 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-007-1200