What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment) 

How did the Fund perform in the last year?

The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Lithium Index (“Secondary Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets.

The Secondary Index is designed to measure broad-based equity market performance of global companies involved in the lithium industry, as defined by Solactive AG, the provider of the Secondary Index.

For the 12-month period ended October 31, 2025 (the “reporting period”), the Fund increased 44.60%, while the Secondary Index increased 45.17%. The Fund had a net asset value of $43.42 per share on October 31, 2024 and ended the reporting period with a net asset value of $62.37 per share on October 31, 2025.

The Fund recorded positive returns during the reporting period, supported by improving sentiment across lithium and battery supply chains. In early 2025, China extended its vehicle trade-in subsidy scheme until the end of the year, which boosted demand throughout the EV battery supply chain and helped absorb excess supplies. China also introduced stricter mining regulations focused on environmental protection and resource efficiency, leading to the suspension of several operations, including the Jianxiawo mine. These changes reduced domestic output and, along with other mine curtailments, supported a gradual improvement in market balance. As a result, Chinese spot prices showed intermittent rebounds throughout the year. Together, supportive demand fundamentals and supply disruptions improved sentiment towards lithium miners and battery makers, contributing to the positive result.

Key Fund Statistics as of October 31, 2025

Asset/Country Weightings^{Footnote Reference*}

Top Ten Holdings

Material Fund Changes

There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request. 

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment) 

How did the Fund perform in the last year?

The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global SuperDividend^® Index (“Secondary Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Secondary Index.

The Secondary Index tracks the performance of 100 equally weighted companies that rank among the highest dividend yielding equity securities in the world, including emerging market countries, as defined by Solactive AG, the provider of the Secondary Index ("Index Provider"). The Index Provider applies certain dividend stability filters.

For the 12-month period ended October 31, 2025 (the “reporting period”), the Fund increased 20.40%, while the Secondary Index increased 20.96%. The Fund had a net asset value of $21.99 per share on October 31, 2024 and ended the reporting period with a net asset value of $23.81 per share on October 31, 2025.

The Fund posted positive returns during the reporting period, supported by improving interest‑rate dynamics across major markets and favorable currency movements driven by a weaker US dollar. In the U.S., the Federal Reserve reduced its policy rate by 0.25 percentage points in September, signaling room for further easing that typically supports income‑oriented equities by lowering discount rates. Similarly, the European Central Bank cut rates in 2025 as inflation moved closer to target, providing a boost to rate‑sensitive sectors such as utilities, real estate, and financials. Offsetting factors included a sharp mid‑year slide in oil and ongoing oversupply concerns, which weighed on energy performance. In China, May's reductions to loan prime rates and new financing tools sought to stabilize growth, yet housing data showed mixed results, leaving Asia names mixed. In Latin America, Brazil's decision to keep policy rates at multi‑year highs through mid‑to‑late 2025 elevated equity risk premia and tempered returns from domestically focused high‑yield shares.

Key Fund Statistics as of October 31, 2025

Asset/Country Weightings^{Footnote Reference*}

Top Ten Holdings

Material Fund Changes

There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request. 

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment) 

How did the Fund perform in the last year?

The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Social Media Total Return Index (“Secondary Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Secondary Index.

The Secondary Index is designed to reflect the performance of companies involved in the social media industry, such as those companies that provide social networking, file sharing, and other web-based media applications, and derive significant percentage of their revenues from social media related activities.

For the 12-month period ended October 31, 2025 (the “reporting period”), the Fund increased 38.63%, while the Secondary Index increased 39.54%. The Fund had a net asset value of $41.94 per share on October 31, 2024 and ended the reporting period with a net asset value of $58.02 per share on October 31, 2025.

The Fund recorded positive returns during the reporting period. Sector fundamentals remained supportive, with industry forecasts projecting continued growth in digital advertising and paid social in 2025, including expectations for social-media ad sales to rise in the U.S. and solid global gains. In the U.S., the Federal Reserve’s September rate cut eased financial conditions and supported valuations for growth-oriented internet platforms that rely on advertising and engagement. Policy developments also bolstered sentiment as Washington advanced a framework for stricter enforcement of the Digital Markets Act. While this introduced some compliance costs and periods of volatility, it also provided greater clarity around operating conditions for large platforms. In China, authorities' retreat from the most punitive proposed gaming restrictions reported in late 2024, alongside a late-September 2025 stimulus worth 500 billion yuan, supported key platform peers with advertising and gaming exposure. 

Key Fund Statistics as of October 31, 2025

Asset/Country Weightings^{Footnote Reference*}

Top Ten Holdings

Material Fund Changes

There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request. 

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment) 

How did the Fund perform in the last year?

The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Guru Index^® (“Secondary Index”). The Secondary Index is comprised of the top U.S. listed equity positions reported on Form 13F by a select group of entities that Solactive AG characterizes as hedge funds. Hedge funds must have minimum reported holdings of $500 million in their Form 13F to be considered for the Underlying Index. Additional filters are applied to eliminate hedge funds that have high turnover rates for equity holdings. Only hedge funds with a concentrated top holding are included in the selection process.

For the 12-month period ended October 31, 2025 (the “reporting period”), the Fund increased 27.04%, while the Secondary Index increased 27.52%. The Fund had a net asset value of $48.38 per share on October 31, 2024 and ended the reporting period with a net asset value of $61.35 per share on October 31, 2025.

The Fund delivered positive performance over the reporting period, supported by a friendlier U.S. policy backdrop and improving market breadth. The Federal Reserve restarted easing and lowered its policy rate, which helped lift valuations for growth-oriented holdings. Inflation cooled, reinforcing expectations that monetary conditions would continue to loosen. Momentum in artificial intelligence spending and resilient mega-cap earnings further supported technology and semiconductor exposures that are common in hedge fund portfolios. After the September rate cut, major U.S. indexes notched fresh record highs and small caps rallied, aiding broader equity allocations. However, periodic tariff and trade-policy uncertainty weighed on investor sentiment at times, especially for companies with international exposure, but these headwinds were not enough to derail gains. 

Key Fund Statistics as of October 31, 2025

Sector Weightings^{Footnote Reference*}

Top Ten Holdings

Material Fund Changes

There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request. 

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment) 

How did the Fund perform in the last year?

The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Global X U.S. High Yield Preferred Index (“Secondary Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Secondary Index.

The Secondary Index tracks the performance of the highest-yielding preferred securities listed in the United States, as determined by Solactive AG, the administrator of the Secondary Index (“Index Administrator”). The Secondary Index is comprised of preferred stocks that meet certain criteria relating to size, liquidity, issuer concentration and rating, maturity and other requirements, as determined by the Index Administrator. The Secondary Index does not seek to directly reflect the performance of the companies issuing the preferred stock. The Secondary Index is owned and was developed by Global X Management Company LLC, an affiliate of the Fund and the Fund’s investment adviser.

For the 12-month period ended October 31, 2025 (the “reporting period”), the Fund increased 2.33%, while the Secondary Index increased 2.89%. The Fund had a net asset value of $9.59 per share on October 31, 2024 and ended the reporting period with a net asset value of $9.19 per share on October 31, 2025.

The Fund ended the reporting period slightly positive, supported primarily by steady income despite fluctuations in market yields. Shifting U.S. interest-rate expectations—initially emphasizing higher-for-longer interest rate policy and later leaning toward potential easing—contributed to volatility among rate‑sensitive preferreds, though coupon distributions helped sustain total returns. Credit conditions remained generally favorable, with stable bank funding and improving issuer fundamentals in core sectors such as financials and utilities aiding positive sentiment. 

Key Fund Statistics as of October 31, 2025

Country Weightings^{Footnote Reference*}

Top Ten Holdings

Material Fund Changes

There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request. 

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment) 

How did the Fund perform in the last year?

The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx SuperDividend^® U.S. Low Volatility Index (“Secondary Index"). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Secondary Index.

The Secondary Index is maintained by Indxx, LCC (the "Index Provider"). The Secondary Index tracks the performance of 50 equally weighted common stocks, Master Limited Partnerships and real estate investment trusts (“REITs”) that rank among the highest dividend yielding equity securities in the United States, as defined by the Index Provider. The components of the Secondary Index have also paid dividends consistently over the last two years. The Secondary Index is comprised of securities that the Index Provider determines to have lower volatility relative to the market.

For the 12-month period ended October 31, 2025 (the “reporting period”), the Fund decreased 1.18%, while the Secondary Index decreased 0.66%. The Fund had a net asset value of $18.50 per share on October 31, 2024 and ended the reporting period with a net asset value of $17.10 per share on October 31, 2025.

The Fund finished the reporting period slightly down, with income helping offset uneven equity moves. A 0.25 percentage point policy cut in September eased pressure on rate sensitive groups like utilities and REITs. Inflation progress was uneven towards the end of the reporting period which tempered the boost from lower policy rates and kept real yields relatively firm. However, basic materials and healthcare equities largely remained out of favor within the portfolio over the reporting period, given weakness in the industrial economy and regulatory uncertainties in the healthcare sector. A cooling labor market supported the U.S. Federal Reserve's policy and helped underpin high yield equities via lower discount rates. Softer oil industry fundamentals also created mixed effects across dividend-yielding companies in the energy sector. Optimism surrounding rate cuts further aided income-oriented exposures, though tariff related policy uncertainty remained a headwind to risk appetite. 

Key Fund Statistics as of October 31, 2025

Asset/Sector Weightings^{Footnote Reference*}

Top Ten Holdings

Material Fund Changes

There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request. 

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment) 

How did the Fund perform in the last year?

The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Emerging Markets Top 50 Dividend Index (“Secondary Index”).

The Secondary Index is based on the MSCI Emerging Markets Index, its parent index ("Parent Index"), which includes large- and mid-capitalization stocks across 23 emerging markets countries. The Secondary Index tracks the performance of 50 equally-weighted companies from the Parent Index that rank among the highest dividend yielding securities in emerging markets.

For the 12-month period ended October 31, 2025, the Fund increased 26.06%, while the Secondary Index increased 26.88%. The Fund had a net asset value of $24.66 per share on October 31, 2024 and ended the reporting period with a net asset value of $29.22 per share on October 31, 2025.

The Fund recorded positive performance during the reporting period. Easing inflation and interest-rate cuts in several emerging market ("EM") countries improved the appeal of EM dividend stocks due to their value style and income-oriented characteristics. Firmer commodity demand supported the Fund’s materials exposure, while steady domestic growth in European nations and China benefited its financials holdings. Utilities and telecommunications also contributed positively, as investors favored reliable cash flows during periods of market volatility in the first half of the reporting period. These gains were partially offset by ongoing property-sector stress in China. Toward the end of the reporting period, Brazilian equities within the Fund declined following the historic conviction of the country’s former president, which weighed on performance. As a result, the Fund underperformed its Parent Index during the entirety of the reporting period.

Key Fund Statistics as of October 31, 2025

Asset/Country Weightings^{Footnote Reference*}

Top Ten Holdings

Material Fund Changes

There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request. 

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment) 

How did the Fund perform in the last year?

The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global SuperDividend^® REIT Index (“Secondary Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Secondary Index. 

The Secondary Index tracks the performance of real estate investment trusts (“REITs”) that rank among the highest yielding REITs globally, as determined by Solactive AG, the provider of the Secondary Index.

For the 12-month period ended October 31, 2025 (the “reporting period”), the Fund increased 9.34%, while the Secondary Index increased 10.07%. The Fund had a net asset value of $21.42 per share on October 31, 2024 and ended the reporting period with a net asset value of $21.53 per share on October 31, 2025.

The Fund delivered positive returns during the reporting period, supported by improving interest rate dynamics across several key real estate markets. In the U.S., the Federal Reserve cut interest rates in September, a shift that typically lowers discount rates for property cash flows and can support income-oriented REIT valuations. In Hong Kong, the base rate was reduced the following day due to the currency peg, easing funding costs for real estate firms. Singapore's central bank also loosened policy twice in 2025 as inflation cooled and growth slowed, which helped stabilize financing burdens for local REITs.

Offsetting these supports, U.S. commercial real estate stress lingered: CMBS delinquencies increased and office sector strain remained pronounced, weighing on sentiment toward more leveraged property owners. Even so, sector fundamentals entering 2025 showed resilient cash generation, providing an earnings cushion that supported returns despite refinancing headwinds and uneven property demand across regions.

Key Fund Statistics as of October 31, 2025

Asset/Country Weightings^{Footnote Reference*}

Top Ten Holdings

Material Fund Changes

There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request. 

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment) 

How did the Fund perform in the last year?

The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Renewable Energy Producers Index (“Secondary Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets.

The Secondary Index is designed to provide exposure to publicly traded companies that produce energy from renewable sources including wind, solar, hydroelectric, geothermal, and biofuels (including publicly traded companies that are formed to own operating assets that produce defined cash flows), as defined by Indxx LLC, the provider of the Secondary Index.

For the 12-month period ended October 31, 2025 (the “reporting period”), the Fund increased 15.08%, while the Secondary Index increased 15.75%. The Fund had a net asset value of $29.22 per share on October 31, 2024 and ended the reporting period with a net asset value of $33.25 per share on October 31, 2025. On August 29th, 2025, the Fund effected a reverse stock split at a ratio of 1:3. The reverse stock split increased the price per share of the Fund with a proportionate decrease in the number of shares outstanding.

The Fund delivered positive returns over the reporting period, supported by rapidly rising electricity demand from data centers and electrification, which lifted short- and long-term power consumption expectations. Solar and wind power were among the leading choices for power purchase agreements that corporations signed to secure power for rising demand, including from tech and data center companies. Multiple European Central Bank rate cuts in early to mid-2025 also contributed by lowering financing costs for capital-intensive clean power assets. While overall growth remained positive, constituents in the Secondary Index continued to face several challenges, including a less supportive clean energy policy backdrop in the United States and persistent permitting delays across both the United States and Europe. 

Key Fund Statistics as of October 31, 2025

Asset/Sector Weightings^{Footnote Reference*}

Top Ten Holdings

Material Fund Changes

There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request. 

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment) 

How did the Fund perform in the last year?

The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P 500^® Catholic Values Index (“Secondary Index”). The Fund is passively managed and generally seeks to fully replicate the Secondary Index.

The Secondary Index is designed to provide exposure to U.S. equity securities included in the S&P 500^® Index while maintaining alignment with the moral and social teachings of the Catholic Church. From this starting universe, constituents are screened to exclude companies involved in activities which are perceived to be inconsistent with Catholic values as outlined in the Socially Responsible Investment Guidelines of the U.S. Conference of Catholic Bishops. The Secondary Index then reweights the remaining constituents so that the Secondary Index's sector exposures matches the sector exposures of the S&P 500^® Index.

For the 12-month period ended October 31, 2025 (the "reporting period"), the Fund increased 21.59%, while the Secondary Index increased 21.94%. The Fund had a net asset value of $68.72 per share on October 31, 2024 and ended the reporting period with a net asset value of $82.77 per share on October 31, 2025.

The Fund's performance over the reporting period was positive, supported by improving U.S. macro conditions. The Technology sector, which constitutes the largest portion of the Fund, was the primary driver of performance. This was fueled by increased earnings from several of the sector’s largest companies which have been capitalizing on positive market sentiment towards artificial intelligence. Additionally, another key tailwind came from the Federal Reserve’s 0.25 percentage point cut in September 2025, further easing financial conditions for equities. After the rate decision, major U.S. indexes notched record highs, a favorable backdrop for diversified large-cap exposure. Late in the reporting period, tariff-related cost pressures and mixed labor signals added some uncertainty, tempering risk appetite and dampening the Fund’s positive performance.

Key Fund Statistics as of October 31, 2025

Sector Weightings^{Footnote Reference*}

Top Ten Holdings

Material Fund Changes

There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request. 

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment) 

How did the Fund perform in the last year?

The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI EAFE Top 50 Dividend Index (“Secondary Index”).

For the 12-month period ended October 31, 2025 (the “reporting period”), the Fund increased 32.01%, while the Secondary Index increased 32.74%. The Fund had a net asset value of $14.84 per share on October 31, 2024 and ended the reporting period with a net asset value of $18.46 per share on October 31, 2025.

The Fund posted positive returns during the reporting period. This was primarily helped by the easing monetary policy of the European Central Bank and the Bank of England ("BOE"). In the Eurozone, a sequence of rate cuts lowered the deposit rate in February, March, and June. This eased financial conditions and supported income-oriented equities due to their value-style characteristics. Cooling interest rates reinforced demand for holdings in the utilities and telecoms sectors since they tend to benefit from lower bond yields. Meanwhile, stabilizing interest rates had a net positive impact on European banks as economic conditions improved and merger and acquisition activities improved. Meanwhile, U.K. domiciled financial services and consumer defensive firms provided a positive backdrop for the Fund as the BOE's easing policies lowered discount rates and improved valuation expansion for cyclical and defensive companies alike.

Key Fund Statistics as of October 31, 2025

Country Weightings^{Footnote Reference*}

Top Ten Holdings

Material Fund Changes

There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request. 

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment) 

How did the Fund perform in the last year?

The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive E-commerce Index (“Secondary Index”). The Fund is passively managed, which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Secondary Index.

The Secondary Index tracks the price movements in shares of companies which are (or are expected to be in the near future) active in the field of E-commerce, as defined by Solactive AG, the provider of the Secondary Index. The Secondary Index is designed to provide exposure to exchange-listed companies that are positioned to benefit from the increased adoption of e-commerce as a distribution model, including but not limited to companies whose principal business is in operating e-commerce platforms, providing e-commerce software and services, and or/selling goods and services online.

For the 12-month period ended October 31, 2025 (the “reporting period”), the Fund increased 26.48%, while the Secondary Index increased 27.00%. The Fund had a net asset value of $26.65 per share on October 31, 2024 and ended the reporting period with a net asset value of $33.59 per share on October 31, 2025.

The Fund posted a positive performance over the reporting period, helped by sector-specific and macro drivers across key markets. In the United States, online retail demand stayed firm, with second-quarter 2025 e-commerce sales up year over year, supporting revenue trends for major platforms. A shift toward more advantageous monetary policy also supported growth-oriented internet stocks, as the Federal Reserve cut rates and signaled additional easing. In China, online retail of physical goods rose year over year for January–August 2025, indicating resilient digital consumption that benefited companies with exposure to that market. Meanwhile, U.S. policy actions presented some headwinds to the theme, as higher prices deterred spending activity in key categories. Additionally, elevated policy rates in parts of Latin America during early to mid‑2025 weighed on consumer credit and spending, though conditions later steadied and the Fund ultimately posted positive performance during the reporting period.

Key Fund Statistics as of October 31, 2025

Asset/Sector Weightings^{Footnote Reference*}

Top Ten Holdings

Material Fund Changes