(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
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

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

| 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

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.
199

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