UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________
FORM N-CSRS
________
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number 811-22209
Global X Funds
(Exact name of registrant as specified in charter)
________
605 Third Avenue, 43rd floor
New York, NY 10158
(Address of principal executive offices) (Zip code)
Luis Berruga
Global X Management Company LLC
605 Third Avenue, 43rd floor
New York, NY 10158
(Name and address of agent for service)
With a copy to:
Global X Management Company LLC 605 Third Avenue, 43rd floor New York, NY 10158 | Eric S. Purple, Esq. Stradley Ronon Stevens & Young, LLP 2000 K Street, N.W., Suite 700 Washington, DC 20006-1871 |
Registrant’s telephone number, including area code: (212) 644-6440
Date of fiscal year end: October 31, 2021
Date of reporting period: April 30, 2021
Item 1. Reports to Stockholders.
A copy of the report transmitted to stockholders pursuant to Rule 30e-1 under the Investment Company Act of 1940, as amended (the “Act”) (17 CFR § 270.30e-1), is attached hereto.
Global X Silver Miners ETF (ticker: SIL) |
Global X Gold Explorers ETF (ticker: GOEX) |
Global X Copper Miners ETF (ticker: COPX) |
Global X Uranium ETF (ticker: URA) |
Semi-Annual Report
April 30, 2021
As permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the Funds’ (defined below) shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from your financial intermediary (such as a broker-dealer or bank). Instead, shareholder reports will be available on the Funds’ website (www. globalxetfs.com/explore), and you will be notified by mail each time a report is posted and provided with a website link to access the report.
If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from the Funds electronically anytime by contacting your financial intermediary.
You may elect to receive all future Fund shareholder reports in paper free of charge. Please contact your financial intermediary to inform them that you wish to continue receiving paper copies of Fund shareholder reports and for details about whether your election to receive reports in paper will apply to all funds held with your financial intermediary.
Table of Contents |
Schedule of Investments | |
Global X Silver Miners ETF | 1 |
Global X Gold Explorers ETF | 5 |
Global X Copper Miners ETF | 10 |
Global X Uranium ETF | 14 |
Statements of Assets and Liabilities | 19 |
Statements of Operations | 21 |
Statements of Changes in Net Assets | 23 |
Financial Highlights | 25 |
Notes to Financial Statements | 29 |
Disclosure of Fund Expenses | 44 |
Approval of Investment Advisory Agreement | 46 |
Supplemental Information | 51 |
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.
The Funds file their complete schedules of Fund holdings with the Securities and Exchange Commission (the “SEC” or “Commission”) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The Funds’ Forms N-PORT are available on the Commission’s website at https://www.sec.gov, and may be reviewed and copied at the Commission’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.
A description of the policies and procedures that Global X Funds uses to determine how to vote proxies relating to Fund securities, as well as information relating to how the Funds voted proxies relating to Fund securities during the most recent 12-month period ended June 30, is available (i) without charge, upon request, by calling 1-888-493-8631; and (ii) on the Commission’s website https://www.sec.gov.
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Silver Miners ETF |
† Sector weightings percentages are based on the total market value of investments. Repurchase agreements purchased from cash collateral received for securities lending activity are included in total investments. Please see Note 2 and 7 in Notes to Financial Statements for more detailed information.
Shares | Value | |||||||
COMMON STOCK — 100.0% | ||||||||
AUSTRALIA— 0.4% | ||||||||
Materials — 0.4% | ||||||||
Kingsgate Consolidated * (A) | 404,128 | $ | 263,783 | |||||
Silver Mines * (A) | 21,860,806 | 4,052,738 | ||||||
TOTAL AUSTRALIA | 4,316,521 | |||||||
BOSNIA AND HERZEGOVINA— 0.7% | ||||||||
Materials — 0.7% | ||||||||
Adriatic Metals, Cl CDI * (A) | 4,344,661 | 7,853,131 | ||||||
BRAZIL— 23.1% | ||||||||
Materials — 23.1% | ||||||||
Wheaton Precious Metals | 6,566,917 | 271,345,010 | ||||||
CANADA— 37.1% | ||||||||
Industrials — 0.6% | ||||||||
Alexco Resource * (A) | 2,823,603 | 7,736,672 | ||||||
Materials — 36.5% | ||||||||
AbraSilver Resource * | 5,960,551 | 3,294,728 | ||||||
Aftermath Silver * (A) | 2,168,067 | 1,198,411 | ||||||
Almaden Minerals * (A) | 2,480,739 | 1,435,604 | ||||||
Americas Gold & Silver * (A) | 2,587,585 | 5,573,972 | ||||||
Aurcana Silver * (A) | 3,772,507 | 2,361,267 |
1
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Silver Miners ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Materials — continued | ||||||||
Aya Gold & Silver * | 1,464,636 | $ | 8,988,784 | |||||
Bear Creek Mining * (A) | 1,668,149 | 2,698,436 | ||||||
Discovery Silver * (A) | 4,780,351 | 8,626,548 | ||||||
Endeavour Silver * | 3,305,238 | 17,451,657 | ||||||
Excellon Resources * (A) | 253,524 | 680,076 | ||||||
First Majestic Silver (A) | 3,537,518 | 53,542,989 | ||||||
Fortuna Silver Mines * (A) | 3,804,952 | 22,887,859 | ||||||
GoGold Resources * | 5,116,795 | 10,772,638 | ||||||
Great Panther Mining * | 7,307,322 | 5,647,098 | ||||||
IMPACT Silver * | 2,726,373 | 1,462,694 | ||||||
Kootenay Silver * (A) | 1,617,336 | 361,541 | ||||||
MAG Silver * (A) | 1,762,717 | 30,319,535 | ||||||
McEwen Mining * (A) | 7,797,302 | 9,356,762 | ||||||
New Pacific Metals * (A) | 1,697,283 | 8,664,394 | ||||||
Pan American Silver | 4,011,682 | 127,651,721 | ||||||
Prime Mining * (A) | 1,209,285 | 3,057,126 | ||||||
Silver One Resources * (A) | 3,547,831 | 2,018,763 | ||||||
Silvercorp Metals | 3,533,671 | 18,555,938 | ||||||
SilverCrest Metals * | 2,891,693 | 25,033,759 | ||||||
SSR Mining * | 3,613,276 | 57,306,557 | ||||||
Whitehorse Gold * (A) | 106,031 | 134,457 | ||||||
429,083,314 | ||||||||
TOTAL CANADA | 436,819,986 | |||||||
MEXICO— 6.6% | ||||||||
Materials — 6.6% | ||||||||
Fresnillo | 3,869,596 | 44,125,374 | ||||||
Industrias Penoles * | 2,601,970 | 33,645,241 | ||||||
TOTAL MEXICO | 77,770,615 |
2
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Silver Miners ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
PERU— 6.3% | ||||||||
Materials — 6.3% | ||||||||
Cia de Minas Buenaventura ADR * | 4,894,418 | $ | 47,573,743 | |||||
Hochschild Mining | 6,612,890 | 17,011,533 | ||||||
Volcan Cia Minera SAA * | 48,654,094 | 9,627,611 | ||||||
TOTAL PERU | 74,212,887 | |||||||
RUSSIA— 11.6% | ||||||||
Materials — 11.6% | ||||||||
Polymetal International | 6,567,938 | 135,994,673 | ||||||
SOUTH KOREA— 5.3% | ||||||||
Materials — 5.3% | ||||||||
Korea Zinc | 155,435 | 62,322,120 | ||||||
UNITED STATES— 8.9% | ||||||||
Materials — 8.9% | ||||||||
Coeur d’Alene Mines * | 4,586,658 | 37,060,197 | ||||||
Fortitude Gold | 219,360 | 1,107,768 | ||||||
Gatos Silver * | 513,477 | 5,894,716 | ||||||
Gold Resource | 1,525,962 | 4,104,838 | ||||||
Golden Minerals * | 2,489,491 | 1,817,328 | ||||||
Hecla Mining | 9,196,931 | 54,353,862 | ||||||
TOTAL UNITED STATES | 104,338,709 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $1,039,549,644) | 1,174,973,652 | |||||||
SHORT-TERM INVESTMENT(B)(C) — 2.2% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010% | ||||||||
(Cost $25,586,826) | 25,586,826 | 25,586,826 | ||||||
3
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Silver Miners ETF |
Face Amount | Value | |||||||
REPURCHASE AGREEMENT(B) — 3.0% | ||||||||
BNP Paribas | ||||||||
0.000%, dated 04/30/21, to be repurchased on 05/03/21, repurchase price $35,699,734 (collateralized by U.S. Treasury Obligations, ranging in par value $872,219 - $5,124,250, 1.500%, 02/15/2030, with a total market value of $36,423,610) | ||||||||
(Cost $35,699,734) | $ | 35,699,734 | $ | 35,699,734 | ||||
TOTAL INVESTMENTS — 105.2% | ||||||||
(Cost $1,100,836,204) | $ | 1,236,260,212 |
Percentages are based on Net Assets of $1,175,384,926.
* | Non-income producing security. |
(A) | This security or a partial position of this security is on loan at April 30, 2021. The total value of securities on loan at April 30, 2021 was $57,048,067. |
(B) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2021 was $61,286,560. |
(C) | The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2021. |
ADR — American Depositary Receipt
Cl — Class
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 1,174,973,652 | $ | — | $ | — | $ | 1,174,973,652 | ||||||||
Short-Term Investment | 25,586,826 | — | — | 25,586,826 | ||||||||||||
Repurchase Agreement | — | 35,699,734 | — | 35,699,734 | ||||||||||||
Total Investments in Securities | $ | 1,200,560,478 | $ | 35,699,734 | $ | — | $ | 1,236,260,212 |
For the period ended April 30, 2021, there were no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
4
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Gold Explorers ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments. Repurchase agreements purchased from cash collateral received for securities lending activity are included in total investments. Please see Note 2 and 7 in Notes to Financial Statements for more detailed information.
Shares | Value | |||||||
COMMON STOCK — 100.3% | ||||||||
AUSTRALIA— 19.6% | ||||||||
Materials — 19.6% | ||||||||
Aurelia Metals | 1,091,233 | $ | 354,028 | |||||
Bellevue Gold * | 689,778 | 500,851 | ||||||
De Grey Mining * | 819,138 | 923,807 | ||||||
Gold Road Resources | 769,729 | 761,060 | ||||||
OceanaGold * | 650,875 | 1,084,615 | ||||||
Perseus Mining * | 1,097,935 | 1,038,924 | ||||||
Ramelius Resources | 720,929 | 946,700 | ||||||
Regis Resources | 466,940 | 937,790 | ||||||
Resolute Mining * | 1,010,675 | 378,638 | ||||||
Silver Lake Resources * | 817,371 | 1,101,757 | ||||||
SolGold * | 977,586 | 395,225 | ||||||
St. Barbara | 648,848 | 924,721 | ||||||
West African Resources * | 678,447 | 508,345 | ||||||
Westgold Resources * | 362,116 | 604,189 | ||||||
TOTAL AUSTRALIA | 10,460,650 | |||||||
CANADA— 52.3% | ||||||||
Materials — 52.3% | ||||||||
Alamos Gold, Cl A | 255,863 | 2,048,651 | ||||||
B2Gold | 441,151 | 2,122,918 | ||||||
Dundee Precious Metals | 161,543 | 1,162,133 | ||||||
Endeavour Mining | 97,895 | 2,036,362 |
5
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Gold Explorers ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Materials — continued | ||||||||
Equinox Gold * | 242,592 | $ | 1,960,141 | |||||
Great Bear Resources * | 43,785 | 521,064 | ||||||
i-80 Gold * | 89,582 | 179,136 | ||||||
K92 Mining * | 199,970 | 1,303,657 | ||||||
Kirkland Lake Gold | 59,619 | 2,213,298 | ||||||
Lundin Gold * | 67,495 | 653,992 | ||||||
McEwen Mining * (A) | 346,671 | 416,005 | ||||||
New Gold * | 547,543 | 899,071 | ||||||
Novagold Resources * | 223,683 | 2,010,910 | ||||||
Novo Resources * | 161,436 | 303,135 | ||||||
Orla Mining * | 123,826 | 445,902 | ||||||
Osisko Mining * | 276,243 | 720,810 | ||||||
Pretium Resources * | 173,654 | 1,822,365 | ||||||
Roxgold * | 334,472 | 554,644 | ||||||
Sabina Gold & Silver * | 288,397 | 412,599 | ||||||
Seabridge Gold * (A) | 56,507 | 957,229 | ||||||
Skeena Resources * | 170,821 | 497,105 | ||||||
SSR Mining | 138,309 | 2,193,471 | ||||||
Torex Gold Resources * | 79,282 | 958,963 | ||||||
Victoria Gold * (A) | 52,636 | 573,340 | ||||||
Wesdome Gold Mines * (A) | 128,940 | 949,599 | ||||||
TOTAL CANADA | 27,916,500 | |||||||
EGYPT— 2.9% | ||||||||
Materials — 2.9% | ||||||||
Centamin | 1,022,454 | 1,520,388 | ||||||
INDONESIA— 5.9% | ||||||||
Materials — 5.9% | ||||||||
Aneka Tambang | 7,815,360 | 1,347,196 | ||||||
Merdeka Copper Gold * | 10,011,585 | 1,815,878 |
6
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Gold Explorers ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
TOTAL INDONESIA | $ | 3,163,074 | ||||||
PERU— 1.4% | ||||||||
Materials — 1.4% | ||||||||
Hochschild Mining | 293,514 | 755,059 | ||||||
RUSSIA— 1.6% | ||||||||
Materials — 1.6% | ||||||||
Petropavlovsk * | 2,296,872 | 816,654 | ||||||
TURKEY— 4.2% | ||||||||
Materials — 4.2% | ||||||||
Eldorado Gold * | 169,004 | 1,667,784 | ||||||
Koza Altin Isletmeleri * | 42,500 | 579,173 | ||||||
TOTAL TURKEY | 2,246,957 | |||||||
UNITED KINGDOM— 2.8% | ||||||||
Materials — 2.8% | ||||||||
Greatland Gold * | 3,475,947 | 1,058,772 | ||||||
Pan African Resources | 1,782,637 | 451,175 | ||||||
TOTAL UNITED KINGDOM | 1,509,947 | |||||||
UNITED STATES— 9.6% | ||||||||
Materials — 9.6% | ||||||||
Argonaut Gold * | 277,018 | 607,989 | ||||||
Coeur d’Alene Mines * | 203,337 | 1,642,963 | ||||||
Hecla Mining | 488,215 | 2,885,351 | ||||||
TOTAL UNITED STATES | 5,136,303 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $50,085,432) | 53,525,532 | |||||||
7
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Gold Explorers ETF |
Number Of Rights/Shares/ Face Amount | Value | |||||||
RIGHT — 0.0% | ||||||||
Australia — 0.0% | ||||||||
Regis Resources *(B)(C)(D) (Cost $–) | 174,027 | $ | — | |||||
SHORT-TERM INVESTMENT(E)(F) — 1.5% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010% | ||||||||
(Cost $811,643) | 811,643 | 811,643 | ||||||
REPURCHASE AGREEMENT(E) — 2.1% | ||||||||
BNP Paribas | ||||||||
0.000%, dated 04/30/21, to be repurchased on 05/03/21, repurchase price $1,132,437 (collateralized by U.S. Treasury Obligations, ranging in par value $27,668 - $162,547 1.500%, 02/15/2030, with a total market value of $1,155,398) | ||||||||
(Cost $1,132,437) | $ | 1,132,437 | 1,132,437 | |||||
TOTAL INVESTMENTS — 103.9% | ||||||||
(Cost $52,029,512) | $ | 55,469,612 |
Percentages are based on Net Assets of $53,403,750.
* | Non-income producing security. |
(A) | This security or a partial position of this security is on loan at April 30, 2021. The total value of securities on loan at April 30, 2021 was $1,803,097. |
(B) | Security considered illiquid. The total value of such securities as of April 30, 2021 was $0 and represented 0.0% of Net Assets of the Fund. |
(C) | Security is fair valued using methods determined in good faith by the Fair Value Committee of the Fund. The total value of such securities as of April 30, 2021 was $0 and represents 0.0% of Net Assets of the Fund. |
(D) | Level 3 security in accordance with fair value hierarchy. |
(E) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2021 was $1,944,080. |
(F) | The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2021. |
Cl — Class
8
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Gold Explorers ETF |
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3^ | Total | ||||||||||||
Common Stock | $ | 53,525,532 | $ | — | $ | — | $ | 53,525,532 | ||||||||
Right | — | — | — | — | ||||||||||||
Short-Term Investment | 811,643 | — | — | 811,643 | ||||||||||||
Repurchase Agreement | — | 1,132,437 | — | 1,132,437 | ||||||||||||
Total Investments in Securities | $ | 54,337,175 | $ | 1,132,437 | $ | — | $ | 55,469,612 |
^ | 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 beginning and/or end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets. |
For the period ended April 30, 2021, there were no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
9
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Copper Miners ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments. Repurchase agreements purchased from cash collateral received for securities lending activity are included in total investments. Please see Note 2 and 7 in Notes to Financial Statements for more detailed information.
Shares | Value | |||||||
COMMON STOCK — 99.5% | ||||||||
AUSTRALIA— 11.5% | ||||||||
Materials — 11.5% | ||||||||
Glencore * | 10,505,154 | $ | 42,936,359 | |||||
OZ Minerals | 2,245,254 | 41,520,324 | ||||||
Sandfire Resources | 2,860,285 | 14,847,375 | ||||||
SolGold * (A) | 15,934,344 | 6,442,041 | ||||||
TOTAL AUSTRALIA | 105,746,099 | |||||||
CANADA— 19.5% | ||||||||
Materials — 19.5% | ||||||||
Altius Minerals | 666,638 | 9,071,306 | ||||||
Capstone Mining * | 6,158,392 | 27,482,988 | ||||||
Copper Mountain Mining * | 3,371,597 | 11,236,830 | ||||||
ERO Copper * | 1,266,538 | 24,986,894 | ||||||
Ivanhoe Mines, Cl A * | 6,401,915 | 45,118,357 | ||||||
Northern Dynasty Minerals * (A) | 8,084,847 | 4,770,060 | ||||||
Sierra Metals * | 1,781,375 | 6,341,695 | ||||||
Taseko Mines * | 4,669,886 | 9,293,073 | ||||||
Teck Resources, Cl B | 1,970,355 | 41,659,026 | ||||||
TOTAL CANADA | 179,960,229 | |||||||
CHILE— 9.3% | ||||||||
Materials — 9.3% | ||||||||
Antofagasta | 1,694,331 | 43,762,281 | ||||||
Lundin Mining | 3,452,767 | 41,679,068 |
10
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Copper Miners ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
TOTAL CHILE | $ | 85,441,349 | ||||||
CHINA— 17.7% | ||||||||
Materials — 17.7% | ||||||||
China Gold International Resources * | 4,088,000 | 12,684,782 | ||||||
China Nonferrous Mining | 11,284,600 | 6,291,137 | ||||||
Jiangxi Copper, Cl H | 18,657,329 | 45,641,315 | ||||||
Jinchuan Group International Resources (A) | 165,912,400 | 28,838,170 | ||||||
MMG * | 38,304,300 | 24,954,745 | ||||||
Zijin Mining Group, Cl H | 32,020,460 | 45,102,433 | ||||||
TOTAL CHINA | 163,512,582 | |||||||
CYPRUS— 0.4% | ||||||||
Materials — 0.4% | ||||||||
Atalaya Mining * | 886,986 | 4,003,509 | ||||||
INDIA— 5.3% | ||||||||
Materials — 5.3% | ||||||||
Vedanta ADR | 3,539,234 | 48,629,075 | ||||||
JAPAN— 0.6% | ||||||||
Materials — 0.6% | ||||||||
Nittetsu Mining | 92,900 | 5,923,910 | ||||||
MEXICO— 4.1% | ||||||||
Materials — 4.1% | ||||||||
Grupo Mexico, Cl B | 8,421,045 | 38,222,265 | ||||||
MONGOLIA— 3.3% | ||||||||
Materials — 3.3% | ||||||||
Turquoise Hill Resources * | 1,706,073 | 30,043,946 | ||||||
PERU— 7.9% | ||||||||
Materials — 7.9% | ||||||||
HudBay Minerals, Cl B | 4,484,257 | 33,462,428 | ||||||
Southern Copper | 575,334 | 39,933,933 |
11
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Copper Miners ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
TOTAL PERU | $ | 73,396,361 | ||||||
POLAND— 4.6% | ||||||||
Materials — 4.6% | ||||||||
KGHM Polska Miedz * | 834,177 | 42,842,096 | ||||||
SWEDEN— 4.6% | ||||||||
Materials — 4.6% | ||||||||
Boliden * | 1,086,975 | 42,395,335 | ||||||
UNITED KINGDOM— 1.2% | ||||||||
Materials — 1.2% | ||||||||
Central Asia Metals | 2,958,315 | 11,386,642 | ||||||
UNITED STATES— 4.7% | ||||||||
Materials — 4.7% | ||||||||
Freeport-McMoRan Copper & Gold | 1,149,579 | 43,350,624 | ||||||
ZAMBIA— 4.8% | ||||||||
Materials — 4.8% | ||||||||
First Quantum Minerals | 1,923,492 | 44,295,666 | ||||||
TOTAL COMMON STOCK | ||||||||
(Cost $763,856,870) | 919,149,688 | |||||||
SHORT-TERM INVESTMENT(B)(C) — 0.2% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010% | ||||||||
(Cost $1,921,945) | 1,921,945 | 1,921,945 | ||||||
12
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Copper Miners ETF |
Face Amount | Value | |||||||
REPURCHASE AGREEMENT(B) — 0.3% | ||||||||
BNP Paribas | ||||||||
0.000%, dated 04/30/21, to be repurchased on 05/03/21, repurchase price $2,681,572 (collateralized by U.S. Treasury Obligations, ranging in par value $65,516 - $384,906, 1.500%, 02/15/2030, with a total market value of $2,735,945) | ||||||||
(Cost $2,681,572) | $ | 2,681,572 | $ | 2,681,572 | ||||
TOTAL INVESTMENTS — 100.0% | ||||||||
(Cost $768,460,387) | $ | 923,753,205 |
Percentages are based on Net Assets of $923,507,458.
* | Non-income producing security. |
(A) | This security or a partial position of this security is on loan at April 30, 2021. The total value of securities on loan at April 30, 2021 was $3,096,927. |
(B) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2021 was $4,603,517. |
(C) | The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2021. |
ADR — American Depositary Receipt
Cl — Class
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 919,149,688 | $ | — | $ | — | $ | 919,149,688 | ||||||||
Short-Term Investment | 1,921,945 | — | — | 1,921,945 | ||||||||||||
Repurchase Agreement | — | 2,681,572 | — | 2,681,572 | ||||||||||||
Total Investments in Securities | $ | 921,071,633 | $ | 2,681,572 | $ | — | $ | 923,753,205 |
For the period ended April 30, 2021, there were no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
13
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Uranium ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments. Repurchase agreements purchased from cash collateral received for securities lending activity are included in total investments. Please see Note 2 and 7 in Notes to Financial Statements for more detailed information.
Shares | Value | |||||||
COMMON STOCK — 100.0% | ||||||||
AUSTRALIA— 10.6% | ||||||||
Energy — 4.7% | ||||||||
Bannerman Resources * (A) | 24,614,537 | $ | 2,661,894 | |||||
Boss Energy * (A) | 38,586,954 | 4,470,982 | ||||||
Deep Yellow * (A) | 5,718,949 | 2,915,622 | ||||||
Paladin Energy * (A) | 49,458,194 | 15,663,659 | ||||||
Peninsula Energy * (A) | 22,179,638 | 2,141,586 | ||||||
27,853,743 | ||||||||
Financials — 1.9% | ||||||||
Macquarie Group (A) | 89,254 | 11,064,882 | ||||||
Materials — 4.0% | ||||||||
BHP Group | 325,411 | 9,842,167 | ||||||
Greenland Minerals * (A) | 30,537,014 | 1,887,068 | ||||||
Lotus Resources * (A) | 14,565,674 | 1,518,922 | ||||||
Rio Tinto | 118,840 | 9,997,395 | ||||||
23,245,552 | ||||||||
TOTAL AUSTRALIA | 62,164,177 | |||||||
CANADA— 40.1% | ||||||||
Energy — 33.5% | ||||||||
Cameco | 7,769,115 | 130,474,651 |
14
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Uranium ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Energy — continued | ||||||||
Denison Mines * (A) | 18,183,545 | $ | 19,510,876 | |||||
Fission Uranium * | 12,344,609 | 6,923,899 | ||||||
GoviEx Uranium, Cl A * | 10,279,167 | 2,506,706 | ||||||
IsoEnergy * (A) | 1,117,563 | 2,561,801 | ||||||
NexGen Energy * (A) | 8,311,133 | 31,347,470 | ||||||
Uex * (A) | 10,735,054 | 3,883,189 | ||||||
197,208,592 | ||||||||
Financials — 2.7% | ||||||||
Uranium Participation * | 3,707,355 | 16,183,138 | ||||||
Industrials — 1.8% | ||||||||
Aecon Group | 686,370 | 10,411,042 | ||||||
Materials — 2.1% | ||||||||
Encore Energy * (A) | 4,054,668 | 4,251,765 | ||||||
Global Atomic * (A) | 3,490,712 | 8,172,046 | ||||||
12,423,811 | ||||||||
TOTAL CANADA | 236,226,583 | |||||||
CHINA— 2.3% | ||||||||
Energy — 0.6% | ||||||||
CGN Mining | 39,564,700 | 3,514,892 | ||||||
Utilities — 1.7% | ||||||||
CGN Power, Cl H | 42,235,786 | 9,733,941 | ||||||
TOTAL CHINA | 13,248,833 | |||||||
JAPAN— 4.8% | ||||||||
Industrials — 4.8% | ||||||||
ITOCHU | 317,265 | 9,891,946 | ||||||
Mitsubishi Heavy Industries | 298,985 | 8,881,609 | ||||||
Sumitomo | 690,790 | 9,403,920 | ||||||
TOTAL JAPAN | 28,177,475 |
15
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Uranium ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
KAZAKHSTAN— 23.1% | ||||||||
Energy — 23.1% | ||||||||
NAC Kazatomprom JSC GDR | 5,006,585 | $ | 135,928,783 | |||||
SOUTH AFRICA— 1.9% | ||||||||
Materials — 1.9% | ||||||||
Sibanye Stillwater | 2,412,301 | 11,260,453 | ||||||
SOUTH KOREA— 8.5% | ||||||||
Industrials — 8.5% | ||||||||
Daewoo Engineering & Construction * | 1,738,573 | 11,550,371 | ||||||
Doosan Heavy Industries & Construction * | 763,964 | 9,580,885 | ||||||
GS Engineering & Construction | 245,395 | 9,739,910 | ||||||
Hyundai Engineering & Construction | 234,487 | 10,624,484 | ||||||
Samsung C&T | 68,942 | 8,429,102 | ||||||
TOTAL SOUTH KOREA | 49,924,752 | |||||||
UNITED KINGDOM— 1.3% | ||||||||
Industrials — 1.3% | ||||||||
Yellow Cake * | 2,266,675 | 7,924,230 | ||||||
UNITED STATES— 7.4% | ||||||||
Energy — 7.4% | ||||||||
Centrus Energy, Cl A * | 240,793 | 5,511,752 | ||||||
Energy Fuels * (A) | 3,345,342 | 18,355,599 | ||||||
Uranium Energy * (A) | 5,064,994 | 14,688,483 | ||||||
Ur-Energy * | 4,286,200 | 4,929,130 | ||||||
TOTAL UNITED STATES | 43,484,964 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $461,790,784) | 588,340,250 | |||||||
16
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Uranium ETF |
Shares/ Face Amount | Value | |||||||
SHORT-TERM INVESTMENT(B)(C) — 4.9% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010% | ||||||||
(Cost $28,767,577) | 28,767,577 | $ | 28,767,577 | |||||
REPURCHASE AGREEMENT(B) — 6.8% | ||||||||
BNP Paribas | ||||||||
0.000%, dated 04/30/21, to be repurchased on 05/03/21, repurchase price $40,247,060 (collateralized by U.S. Treasury Obligations, ranging in par value $983,320 - $5,776,961, 1.500%, 02/15/2030, with a total market | ||||||||
value of $41,063,137) | ||||||||
(Cost $40,247,060) | $ | 40,247,060 | 40,247,060 | |||||
TOTAL INVESTMENTS — 111.7% | ||||||||
(Cost $530,805,421) | $ | 657,354,887 |
Percentages are based on Net Assets of $588,579,839.
* | Non-income producing security. |
(A) | This security or a partial position of this security is on loan at April 30, 2021. The total value of securities on loan at April 30, 2021 was $65,293,430. |
(B) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2021was $69,014,637. |
(C) | The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2021. |
Cl — Class
GDR — Global Depositary Receipt
JSC — Joint Stock Company
17
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Uranium ETF |
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 588,340,250 | $ | — | $ | — | $ | 588,340,250 | ||||||||
Short-Term Investment | 28,767,577 | — | — | 28,767,577 | ||||||||||||
Repurchase Agreement | — | 40,247,060 | — | 40,247,060 | ||||||||||||
Total Investments in Securities | $ | 617,107,827 | $ | 40,247,060 | $ | — | $ | 657,354,887 |
For the period ended April 30, 2021, there were no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
18
Statements of Assets and Liabilities | ||
April 30, 2021 (Unaudited) |
Global X Silver Miners ETF | Global X Gold Explorers ETF | Global X Copper Miners ETF | ||||||||||
Assets: | ||||||||||||
Cost of Investments | $ | 1,065,136,470 | $ | 50,897,075 | $ | 765,778,815 | ||||||
Cost of Repurchase Agreement | 35,699,734 | 1,132,437 | 2,681,572 | |||||||||
Cost of Foreign Currency | — | 3 | 49,571 | |||||||||
Investments, at Value | $ | 1,200,560,478 | * | $ | 54,337,175 | * | $ | 921,071,633 | * | |||
Repurchase Agreement, at Value | 35,699,734 | 1,132,437 | 2,681,572 | |||||||||
Cash | 176,846 | 10,822 | — | |||||||||
Foreign Currency, at Value | 2,639 | 3 | 50,569 | |||||||||
Receivable for Investment Securities Sold | 72,254,051 | 3,834,659 | 67,232,069 | |||||||||
Receivable for Capital Shares Sold | 6,349,876 | — | 14,216,153 | |||||||||
Dividend and Interest Receivable | 982,435 | 7,911 | 2,835,371 | |||||||||
Reclaim Receivable | 78,629 | — | 123,891 | |||||||||
Unrealized Appreciation on Spot Contracts | 38,363 | — | — | |||||||||
Total Assets | 1,316,143,051 | 59,323,007 | 1,008,211,258 | |||||||||
Liabilities: | ||||||||||||
Obligation to Return Securities Lending Collateral | 61,286,560 | 1,944,080 | 4,603,517 | |||||||||
Payable for Investment Securities Purchased | 78,832,149 | 3,944,368 | 79,244,265 | |||||||||
Payable due to Investment Adviser | 639,416 | 29,835 | 417,497 | |||||||||
Cash Overdraft | — | — | 429,353 | |||||||||
Unrealized Depreciation on Spot Contracts | — | 974 | 9,168 | |||||||||
Total Liabilities | 140,758,125 | 5,919,257 | 84,703,800 | |||||||||
Net Assets | $ | 1,175,384,926 | $ | 53,403,750 | $ | 923,507,458 | ||||||
Net Assets Consist of: | ||||||||||||
Paid-in Capital | $ | 1,392,466,044 | $ | 111,625,596 | $ | 795,204,469 | ||||||
Total Distributable Earnings/(Loss) | (217,081,118 | ) | (58,221,846 | ) | 128,302,989 | |||||||
Net Assets | $ | 1,175,384,926 | $ | 53,403,750 | $ | 923,507,458 | ||||||
Outstanding Shares of Beneficial Interest | ||||||||||||
(unlimited authorization — no par value) | 28,247,318 | 1,712,054 | 23,389,374 | |||||||||
Net Asset Value, Offering and Redemption Price Per Share | $ | 41.61 | $ | 31.19 | $ | 39.48 | ||||||
*Includes Market Value of Securities on Loan | $ | 57,048,067 | $ | 1,803,097 | $ | 3,096,927 |
19
Statements of Assets and Liabilities | ||
April 30, 2021 (Unaudited) |
Global X Uranium ETF | ||||
Assets: | ||||
Cost of Investments | $ | 490,558,361 | ||
Cost of Repurchase Agreement | 40,247,060 | |||
Cost of Foreign Currency | 253 | |||
Investments, at Value | $ | 617,107,827 | * | |
Repurchase Agreement, at Value | 40,247,060 | |||
Cash | 35,570 | |||
Dividend and Interest Receivable | 505,925 | |||
Reclaim Receivable | 22,314 | |||
Total Assets | 657,918,696 | |||
Liabilities: | ||||
Obligation to Return Securities Lending Collateral | 69,014,637 | |||
Payable due to Investment Adviser | 324,220 | |||
Total Liabilities | 69,338,857 | |||
Net Assets | $ | 588,579,839 | ||
Net Assets Consist of: | ||||
Paid-in Capital | $ | 934,323,205 | ||
Total Distributable Loss | (345,743,366 | ) | ||
Net Assets | $ | 588,579,839 | ||
Outstanding Shares of Beneficial Interest | ||||
(unlimited authorization — no par value) | 29,981,666 | |||
Net Asset Value, Offering and Redemption Price Per Share | $ | 19.63 | ||
*Includes Market Value of Securities on Loan | $ | 65,293,430 |
20
Statements of Operations | ||
For the period ended April 30, 2021 (Unaudited) |
Global X Silver Miners ETF | Global X Gold Explorers ETF | Global X Copper Miners ETF | ||||||||||
Investment Income: | ||||||||||||
Dividend Income | $ | 5,515,993 | $ | 438,460 | $ | 5,186,238 | ||||||
Interest Income | 70 | 3 | 16 | |||||||||
Security Lending Income | 1,102,016 | 23,294 | 119,900 | |||||||||
Less: Foreign Taxes Withheld | (784,480 | ) | (14,077 | ) | (194,080 | ) | ||||||
Total Investment Income | 5,833,599 | 447,680 | 5,112,074 | |||||||||
Supervision and Administration Fees(1) | 3,661,701 | 195,512 | 1,342,595 | |||||||||
Custodian Fees(2) | 1,450 | 116 | 658 | |||||||||
Total Expenses | 3,663,151 | 195,628 | 1,343,253 | |||||||||
Net Investment Income | 2,170,448 | 252,052 | 3,768,821 | |||||||||
Net Realized Gain (Loss) on: | ||||||||||||
Investments(3) | 29,696,189 | 6,051,221 | 7,287,660 | |||||||||
Foreign Currency Transactions | (200,418 | ) | (697 | ) | (51,651 | ) | ||||||
Net Realized Gain on Investments and Foreign Currency Transactions | 29,495,771 | 6,050,524 | 7,236,009 | |||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||
Investments | (55,767,959 | ) | (9,888,172 | ) | 156,260,205 | |||||||
Foreign Currency Translations | (3,127 | ) | (463 | ) | (8,261 | ) | ||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | (55,771,086 | ) | (9,888,635 | ) | 156,251,944 | |||||||
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currency Transactions and Translations | (26,275,315 | ) | (3,838,111 | ) | 163,487,953 | |||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | $ | (24,104,867 | ) | $ | (3,586,059 | ) | $ | 167,256,774 |
(1) | The Supervision and Administration fees reflect the supervisory and administrative fee, which includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in 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 Notes to Financial Statements.) |
21
Statements of Operations | ||
For the period ended April 30, 2021 (Unaudited) |
Global X Uranium ETF | ||||
Investment Income: | ||||
Dividend Income | $ | 2,263,047 | ||
Interest Income | 91 | |||
Security Lending Income | 275,792 | |||
Less: Foreign Taxes Withheld | (252,984 | ) | ||
Total Investment Income | 2,285,946 | |||
Supervision and Administration Fees(1) | 1,151,517 | |||
Custodian Fees(2) | 1,254 | |||
Total Expenses | 1,152,771 | |||
Net Investment Income | 1,133,175 | |||
Net Realized Gain (Loss) on: | ||||
Investments(3) | 7,425,105 | |||
Foreign Currency Transactions | (45,470 | ) | ||
Net Realized Gain on Investments and Foreign Currency Transactions | 7,379,635 | |||
Net Change in Unrealized Appreciation on: | ||||
Investments | 137,540,626 | |||
Foreign Currency Translations | 2,637 | |||
Net Change in Unrealized Appreciation on Investments and Foreign Currency Translations | 137,543,263 | |||
Net Realized and Unrealized Gain on Investments and Foreign Currency Transactions and Translations | 144,922,898 | |||
Net Increase in Net Assets Resulting from Operations | $ | 146,056,073 |
(1) | The Supervision and Administration fees reflect the supervisory and administrative fee, which includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in 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 Notes to Financial Statements.) |
22
Statements of Changes in Net Assets | ||
Global X Silver Miners ETF | Global X Gold Explorers ETF | |||||||||||||||
Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income | $ | 2,170,448 | $ | 6,098,363 | $ | 252,052 | $ | 96,283 | ||||||||
Net Realized Gain on Investments and Foreign Currency Transactions(1) | 29,495,771 | 10,338,553 | 6,050,524 | 2,303,727 | ||||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | (55,771,086 | ) | 166,137,947 | (9,888,635 | ) | 8,446,046 | ||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | (24,104,867 | ) | 182,574,863 | (3,586,059 | ) | 10,846,056 | ||||||||||
Distributions | (18,366,204 | ) | (9,504,825 | ) | (1,622,725 | ) | (723,922 | ) | ||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 326,080,795 | 386,427,431 | 10,869,911 | 17,458,011 | ||||||||||||
Redeemed | (93,217,482 | ) | (100,095,418 | ) | (12,927,214 | ) | (10,379,938 | ) | ||||||||
Increase (Decrease) in Net Assets from Capital Share Transactions | 232,863,313 | 286,332,013 | (2,057,303 | ) | 7,078,073 | |||||||||||
Total Increase (Decrease) in Net Assets | 190,392,242 | 459,402,051 | (7,266,087 | ) | 17,200,207 | |||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 984,992,684 | 525,590,633 | 60,669,837 | 43,469,630 | ||||||||||||
End of Year/Period | $ | 1,175,384,926 | $ | 984,992,684 | $ | 53,403,750 | $ | 60,669,837 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 7,150,000 | 9,350,000 | 300,000 | 500,000 | ||||||||||||
Redeemed | (2,200,000 | ) | (3,350,000 | ) | (400,000 | ) | (400,000 | ) | ||||||||
Net Increase (Decrease) in Shares Outstanding from Share Transactions | 4,950,000 | 6,000,000 | (100,000 | ) | 100,000 |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
23
Statements of Changes in Net Assets | ||
Global X Copper Miners ETF | Global X Uranium ETF | |||||||||||||||
Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income | $ | 3,768,821 | $ | 907,968 | $ | 1,133,175 | $ | 3,207,129 | ||||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions(1) | 7,236,009 | (9,092,998 | ) | 7,379,635 | (27,397,226 | ) | ||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | 156,251,944 | 17,170,873 | 137,543,263 | 21,090,129 | ||||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | 167,256,774 | 8,985,843 | 146,056,073 | (3,099,968 | ) | |||||||||||
Distributions | (2,322,489 | ) | (482,851 | ) | (1,633,669 | ) | (3,325,778 | ) | ||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 660,125,178 | 67,888,920 | 323,838,489 | 17,249,082 | ||||||||||||
Redeemed | (5,439,734 | ) | (20,525,235 | ) | (21,290,019 | ) | (56,830,079 | ) | ||||||||
Increase (Decrease) in Net Assets from Capital Share Transactions | 654,685,444 | 47,363,685 | 302,548,470 | (39,580,997 | ) | |||||||||||
Total Increase (Decrease) in Net Assets | 819,619,729 | 55,866,677 | 446,970,874 | (46,006,743 | ) | |||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 103,887,729 | 48,021,052 | 141,608,965 | 187,615,708 | ||||||||||||
End of Year/Period | $ | 923,507,458 | $ | 103,887,729 | $ | 588,579,839 | $ | 141,608,965 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 18,690,000 | 3,550,000 | 18,150,000 | 1,450,000 | ||||||||||||
Redeemed | (150,000 | ) | (1,450,000 | ) | (1,200,000 | ) | (5,600,000 | ) | ||||||||
Net Increase (Decrease) in Shares Outstanding from Share Transactions | 18,540,000 | 2,100,000 | 16,950,000 | (4,150,000 | ) |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
24
Financial Highlights | ||
Selected Per Share Data & Ratios
For a Share Outstanding Throughout the Period
Net Asset Value, Beginning of Period ($) | Net Investment Income (Loss) ($)* | Net Realized and Unrealized Gain (Loss) on Investments ($) | Total from Operations ($) | Distribution from Net Investment Income ($) | Return of Capital ($) | |||||||||||||||||||
Global X Silver Miners ETF | ||||||||||||||||||||||||
2021 (Unaudited) | 42.28 | 0.08 | (0.02 | ) | 0.06 | (0.73 | ) | — | ||||||||||||||||
2020 | 30.39 | 0.33 | 12.11 | 12.44 | (0.55 | ) | — | |||||||||||||||||
2019 | 23.20 | 0.21 | 7.38 | 7.59 | (0.40 | ) | — | |||||||||||||||||
2018 | 31.96 | 0.32 | (9.07 | ) | (8.75 | ) | (0.01 | ) | — | |||||||||||||||
2017 | 40.61 | 0.20 | (7.78 | ) | (7.58 | ) | (1.06 | ) | (0.01 | ) | ||||||||||||||
2016 | 20.83 | 0.05 | 19.80 | 19.85 | (0.07 | ) | — | |||||||||||||||||
Global X Gold Explorers ETF | ||||||||||||||||||||||||
2021 (Unaudited) | 33.48 | 0.14 | (1.53 | ) | (1.39 | ) | (0.90 | ) | — | |||||||||||||||
2020 | 25.39 | 0.06 | 8.47 | 8.53 | (0.44 | ) | — | |||||||||||||||||
2019 | 18.49 | 0.04 | 6.87 | 6.91 | (0.01 | ) | — | |||||||||||||||||
2018 | 21.46 | 0.06 | (3.03 | ) | (2.97 | ) | — | — | ||||||||||||||||
2017 | 34.95 | 0.07 | (5.51 | ) | (5.44 | ) | (8.05 | ) | — | |||||||||||||||
2016 | 19.89 | (0.06 | ) | 17.04 | 16.98 | (1.92 | ) | — |
25
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 (%)†† | ||||||||||||||||||||
(0.73 | ) | 41.61 | (0.02 | ) | 1,175,385 | 0.65 | † | 0.38 | † | 10.25 | ||||||||||||||||
(0.55 | ) | 42.28 | 41.40 | 984,993 | 0.65 | 0.90 | 19.95 | |||||||||||||||||||
(0.40 | ) | 30.39 | 33.08 | 525,591 | 0.66 | 0.80 | 42.16 | |||||||||||||||||||
(0.01 | ) | 23.20 | (27.40 | ) | 301,515 | 0.65 | 1.10 | 25.71 | ||||||||||||||||||
(1.07 | ) | 31.96 | (18.61 | ) | 378,656 | 0.65 | 0.56 | 24.46 | ||||||||||||||||||
(0.07 | ) | 40.61 | 95.69 | 379,617 | 0.65 | 0.17 | 27.45 | |||||||||||||||||||
(0.90 | ) | 31.19 | (4.47 | ) | 53,404 | 0.65 | † | 0.84 | † | 12.11 | ||||||||||||||||
(0.44 | ) | 33.48 | 34.03 | 60,670 | 0.65 | 0.20 | 18.81 | |||||||||||||||||||
(0.01 | ) | 25.39 | 37.40 | 43,470 | 0.65 | 0.19 | 16.35 | |||||||||||||||||||
— | 18.49 | (13.84 | ) | 32,582 | 0.65 | 0.26 | 20.31 | |||||||||||||||||||
(8.05 | ) | 21.46 | (13.61 | ) | 44,256 | 0.66 | 0.31 | 84.00 | ||||||||||||||||||
(1.92 | ) | 34.95 | 95.95 | 72,074 | 0.66 | (0.22 | ) | 17.06 |
* | 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. |
Amounts designated as “—” are either $0 or have been rounded to $0.
26
Financial Highlights | ||
Selected Per Share Data & Ratios
For a Share Outstanding Throughout the Period
Net Asset Value, Beginning of Period ($) | Net Investment Income ($)* | Net Realized and Unrealized Gain (Loss) on Investments ($) | Total from Operations ($) | Distribution from Net Investment Income ($) | Total from Distributions ($) | |||||||||||||||||||
Global X Copper Miners ETF | ||||||||||||||||||||||||
2021 (Unaudited) | 21.42 | 0.31 | 18.07 | 18.38 | (0.32 | ) | (0.32 | ) | ||||||||||||||||
2020 | 17.47 | 0.23 | 3.85 | 4.08 | (0.13 | ) | (0.13 | ) | ||||||||||||||||
2019 | 19.38 | 0.37 | (1.58 | ) | (1.21 | ) | (0.70 | ) | (0.70 | ) | ||||||||||||||
2018 | 25.61 | 0.43 | (6.23 | ) | (5.80 | ) | (0.43 | ) | (0.43 | ) | ||||||||||||||
2017 | 17.60 | 0.20 | 7.93 | 8.13 | (0.12 | ) | (0.12 | ) | ||||||||||||||||
2016 | 14.98 | 0.07 | 2.69 | 2.76 | (0.14 | ) | (0.14 | ) | ||||||||||||||||
Global X Uranium ETF | ||||||||||||||||||||||||
2021 (Unaudited) | 10.87 | 0.06 | 8.80 | 8.86 | (0.10 | ) | (0.10 | ) | ||||||||||||||||
2020 | 10.92 | 0.22 | (0.03 | ) | 0.19 | (0.24 | ) | (0.24 | ) | |||||||||||||||
2019 | 12.08 | 0.17 | (1.17 | ) | (1.00 | ) | (0.16 | ) | (0.16 | ) | ||||||||||||||
2018 | 11.88 | 0.03 | 0.48 | 0.51 | (0.31 | ) | (0.31 | ) | ||||||||||||||||
2017 | 12.08 | 0.16 | 0.58 | 0.74 | (0.94 | ) | (0.94 | ) | ||||||||||||||||
2016 | 14.94 | 0.09 | (2.68 | ) | (2.59 | ) | (0.27 | ) | (0.27 | ) |
27
Financial Highlights | ||
Net Asset Value, End of Period ($) | 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 (%)†† | |||||||||||||||||
39.48 | 86.27 | 923,507 | 0.65 | † | 1.82 | † | 24.69 | |||||||||||||||
21.42 | 23.45 | 103,888 | 0.65 | 1.26 | 16.85 | |||||||||||||||||
17.47 | (6.51 | ) | 48,021 | 0.65 | 1.89 | 18.77 | ||||||||||||||||
19.38 | (23.12 | ) | 68,798 | 0.65 | 1.74 | 17.00 | ||||||||||||||||
25.61 | 46.38 | 66,567 | 0.65 | 0.89 | 43.58 | |||||||||||||||||
17.60 | 18.88 | 25,504 | 0.65 | 0.57 | 34.73 | |||||||||||||||||
19.63 | 81.81 | 588,580 | 0.69 | † | 0.68 | † | 10.37 | |||||||||||||||
10.87 | 1.72 | 141,609 | 0.69 | 2.03 | 59.21 | |||||||||||||||||
10.92 | (8.42 | ) | 187,616 | 0.71 | 1.46 | 23.93 | ||||||||||||||||
12.08 | 3.79 | 308,953 | 0.72 | 0.20 | 54.06 | |||||||||||||||||
11.88 | 5.75 | 236,218 | 0.69 | 1.16 | 11.95 | |||||||||||||||||
12.08 | (17.53 | ) | 102,437 | 0.70 | 0.71 | 14.48 |
* | 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. |
28
Notes to Financial Statements (Unaudited) | ||
April 30, 2021 |
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, as amended, as an open-end management investment company. As of April 30, 2021, the Trust had eighty-eight portfolios, eighty-one of which were operational. The financial statements herein and the related notes pertain to the Global X Silver Miners ETF, Global X Gold Explorers ETF, Global X Copper Miners ETF and Global X Uranium ETF (the “Funds”). Each Fund has elected non-diversified status.
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. 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 and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could materially differ from those estimates.
RETURN OF CAPITAL ESTIMATES — Distributions received by the Funds from underlying master limited partnership (“MLP”) and real estate investment trust (“REIT”) investments generally are comprised of income and return of capital. The Funds record investment income and return of capital based on estimates made at the time such distributions are received. Such estimates are based on historical information available from the MLPs, REITs and other industry sources. These estimates may subsequently be revised based on information received from the MLPs and REITs after their tax reporting periods are concluded.
SECURITY VALUATION — Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (except for securities traded on 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 Easten 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 approximate 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. If available, debt securities are priced based upon valuations provided by independent,
29
Notes to Financial Statements (Unaudited) (Continued) | ||
April 30, 2021 |
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
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. The prices for foreign securities are reported in local currency and converted to U.S. dollars using currency exchange rates as of reporting date. The exchange rates used by the Trust for valuation are captured as of the New York or London close each day. 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.
Securities for which market prices are not “readily available” are valued in accordance with Fair Value Procedures established by the Board of Trustees (the “Board”). The Funds’ Fair Value Procedures are implemented through a Fair Value Committee (the “Committee”) designated by the Board. Some of the more common reasons that may necessitate that a security be valued using the Fair Value Procedures include: the security’s trading has been halted or suspended; the security has been de-listed from its primary trading exchange; the security’s primary trading market is temporarily closed at a time when, under normal conditions, it would be open; the security has not been traded for an extended period of time; the security’s primary pricing source is not able or willing to provide a price; or trading of the security is subject to local government-imposed restrictions. In addition, the Funds may fair value a security if an event that may materially affect the value of the Funds’ security that traded outside of the United States (a “Significant Event”) has occurred between the time of the security’s last close and the time that the Funds calculate their net asset values. 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 Global X Management Company LLC, the Funds’ investment adviser (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 net asset values, 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. As of April 30, 2021, there was fair valued securities of $0 in Global X Gold Explorers ETF. There were no other securities priced using the Fair Value Procedures.
30
Notes to Financial Statements (Unaudited) (Continued) | ||
April 30, 2021 |
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
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 to sell 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 net asset value as of the measurement date or within the near term, and short-term investments valued at amortized cost)
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 net asset value 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 the period ended April 30, 2021 there have been no significant changes to the Funds’ fair valuation methodologies.
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 at April 30, 2021. 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.
31
Notes to Financial Statements (Unaudited) (Continued) | ||
April 30, 2021 |
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
REPURCHASE AGREEMENTS — Securities pledged as collateral for repurchase agreements by BNP Paribas are held by Brown Brothers Harriman & Co. (“BBH”), the Funds’ custodian (“custodian”), and are designated as being held on each Fund’s behalf by its 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 the Funds’ 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 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 (included in repurchase agreements, at value or restricted cash) as an asset and the obligation to return securities lending collateral as a liability on the Statements of Assets and Liabilities.
Repurchase agreements are entered into by the Funds under Master Repurchase Agreements (“MRA”) which permit the Funds, under certain circumstances, including an event of default (such as bankruptcy or insolvency), to offset payables and/or receivables under an MRA with collateral held and/or posted to the counterparty and create one single net payment due to or from the Funds.
As of April 30, 2021, the open repurchase agreements by counterparty which are subject to an MRA on a net payment basis are as follows:
Repurchase Agreements | Fair Value of Non-Cash Collateral Received(1) | Cash Collateral Received | Net Amount(2) | |||||||||||||
Global X Silver Miners ETF | ||||||||||||||||
BNP Paribas | $ | 35,699,734 | $ | 35,699,734 | $ | − | $ | − | ||||||||
Global X Gold Explorers ETF | ||||||||||||||||
BNP Paribas | 1,132,437 | 1,132,437 | − | − | ||||||||||||
Global X Copper Miners ETF | ||||||||||||||||
BNP Paribas | 2,681,572 | 2,681,572 | − | − | ||||||||||||
Global X Uranium ETF | ||||||||||||||||
BNP Paribas | 40,247,060 | 40,247,060 | − | − |
(1) | Excess collateral received is not presented in the table above. Please refer to the Schedules of Investments for the market value of the collateral received for each Fund. |
(2) | Net Amount represents the net amount receivable due from the counterparty in the event of default. |
32
Notes to Financial Statements (Unaudited) (Continued) | ||
April 30, 2021 |
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
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. Accordingly, no provisions for Federal income taxes have been made in the financial statements.
The Funds evaluate tax positions taken or expected to be taken in the course of preparing the Funds’ tax returns to determine whether it is “more-likely-than-not” (i.e., greater than 50 percent) that each tax position will be sustained upon examination by a taxing authority based on the technical merits of the position. Tax positions not deemed to meet the more-likely-than-not threshold are recorded as a tax benefit or expense in the current year. The Funds did not record any tax position in the current period. 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 the Funds have foreign tax filings that have not been made, the tax years that remain subject to examination may date back to the inception of the Funds.
As of and during the period ended April 30, 2021, 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 year, the Funds did not incur any interest or penalties.
SECURITY TRANSACTIONS AND INVESTMENT INCOME — Security transactions are accounted for on the trade date for financial reporting purposes. Costs used in determining realized gains and losses on the sale of investment securities are based on specific identification. Dividend income is recorded on the ex-dividend date. Interest income is recognized on the accrual basis from the settlement date.
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
33
Notes to Financial Statements (Unaudited) (Continued) | ||
April 30, 2021 |
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
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.
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 ex-dividend date.
CREATION UNITS — The Funds issue and redeem their shares (“Shares”) on a continuous basis at net asset value (“NAV”) and only in large blocks of 10,000 Shares, referred to as “Creation Units”. Purchasers of Creation Units (“Authorized Participants”) 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 BBH, on the date of such redemption, regardless of the number of Creation Units redeemed that day. If a Creation Unit is purchased or redeemed for cash, an additional variable fee may be charged. The following table discloses Creation Unit breakdown:
Creation Unit Shares | Creation Fee | Value as of April 30, 2021 | Redemption Fee | |||||||||||||
Global X Silver Miners ETF | 10,000 | $ | 500 | $ | 416,100 | $ | 500 | |||||||||
Global X Gold Explorers ETF | 10,000 | 1,000 | 311,900 | 1,000 | ||||||||||||
Global X Copper Miners ETF | 10,000 | 800 | 394,800 | 800 | ||||||||||||
Global X Uranium ETF | 10,000 | 500 | 196,300 | 500 |
CASH OVERDRAFT CHARGES — Per the terms of an agreement with BBH, if a Fund has a cash overdraft on a given day, it will be assessed an overdraft charge of LIBOR plus 2.00%. Cash overdraft charges are included in custodian fees on the Statements of Operations.
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, which is a leading financial services company in Korea and is the headquarters for the Mirae Asset Global Investments Group.
34
Notes to Financial Statements (Unaudited) (Continued) | ||
April 30, 2021 |
3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)
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 services to the Funds, under the supervision and administration agreement, each Fund pays a monthly fee to the Adviser at the annual rate (stated as a percentage of the average daily net assets of the 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, custodian fees, acquired fund fees and other transaction expenses, interest expenses, and extraordinary expenses (such as litigation and indemnification expenses).
Supervision and Administration Fee | ||||
Global X Silver Miners ETF | 0.65 | % | ||
Global X Gold Explorers ETF | 0.65 | % | ||
Global X Copper Miners ETF | 0.65 | % | ||
Global X Uranium ETF | 0.69 | % |
SEI Investments Global Funds Services (“SEIGFS”) serves as sub-administrator to the Funds. As sub-administrator, SEIGFS provides the Funds with the required general administrative services, including, without limitation: office space, equipment, and personnel; clerical and general back office services; bookkeeping, internal accounting and secretarial services; the calculation of NAV; and assistance with the preparation and filing of reports, registration statements, proxy statements and other materials required to be filed or furnished by the Funds under federal and state securities laws. As compensation for these services, SEIGFS receives certain out-of-pocket costs, transaction fees and asset-based fees which are accrued daily and paid monthly by the Adviser.
SEI Investments Distribution Co. (“SIDCO”) serves as each Fund’s underwriter and distributor of Creation Units pursuant to a distribution agreement. SIDCO has no obligation to sell any specific quantity of Fund Shares. SIDCO bears the following costs and expenses relating to the distribution of Shares: (1) the costs of processing and maintaining records of creations of Creation Units; (2) all costs of maintaining the records required of a registered broker/dealer; (3) the expenses of maintaining its registration or qualification as a dealer or broker under federal or state laws; (4) filing
35
Notes to Financial Statements (Unaudited) (Continued) | ||
April 30, 2021 |
3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)
fees; and (5) 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 transfer agent and custodian of the Funds’ assets. 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 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.
4. INVESTMENT TRANSACTIONS
For the period ended April 30, 2021, 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 Silver Miners ETF | $ | 139,376,331 | $ | 113,054,489 | ||||
Global X Gold Explorers ETF | 8,197,502 | 7,049,352 | ||||||
Global X Copper Miners ETF | 165,727,167 | 104,437,500 | ||||||
Global X Uranium ETF | 66,580,987 | 34,076,603 |
For the period ended April 30, 2021, in-kind transactions associated with creations and redemptions were:
Purchases | Sales and Maturities | Realized Gain (Loss) | ||||||||||
Global X Silver Miners ETF | $ | 289,522,788 | $ | 87,462,427 | $ | 41,141,676 | ||||||
Global X Gold Explorers ETF | 9,345,364 | 13,011,830 | 5,594,539 | |||||||||
Global X Copper Miners ETF | 597,549,157 | 5,439,024 | 3,301,891 | |||||||||
Global X Uranium ETF | 288,591,316 | 19,367,843 | 7,889,360 |
36
Notes to Financial Statements (Unaudited) (Continued) | ||
April 30, 2021 |
4. INVESTMENT TRANSACTIONS (continued)
For the year ended October 31, 2020, in-kind transactions associated with creations and redemptions were:
Purchases | Sales and Maturities | Realized Gain (Loss) | ||||||||||
Global X Silver Miners ETF | $ | 371,340,068 | $ | 92,078,610 | $ | 25,856,519 | ||||||
Global X Gold Explorers ETF | 17,475,599 | 10,363,817 | 3,303,412 | |||||||||
Global X Copper Miners ETF | 65,433,662 | 20,500,707 | (4,865,832 | ) | ||||||||
Global X Uranium ETF | 14,670,739 | 47,823,356 | (1,342,002 | ) |
During the period ended April 30, 2021, there were no purchases or sales of long-term U.S. Government securities for the Funds.
5. 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 tax character of dividends and distributions declared during the years ended October 31, 2020 and 2019 were as follows:
Global X Funds | Ordinary Income | Long-Term Capital Gain | Return of Capital | Totals | ||||||||||||
Global X Silver Miners ETF | ||||||||||||||||
2020 | $ | 9,504,825 | $ | – | $ | – | $ | 9,504,825 | ||||||||
2019 | 5,525,823 | – | – | 5,525,823 | ||||||||||||
Global X Gold Explorers ETF | ||||||||||||||||
2020 | $ | 723,922 | $ | – | $ | – | $ | 723,922 | ||||||||
2019 | 24,354 | – | – | 24,354 | ||||||||||||
Global X Copper Miners ETF | ||||||||||||||||
2020 | $ | 482,851 | $ | – | $ | – | $ | 482,851 | ||||||||
2019 | 2,203,738 | – | – | 2,203,738 | ||||||||||||
Global X Uranium ETF | ||||||||||||||||
2020 | $ | 3,325,778 | $ | – | $ | – | $ | 3,325,778 | ||||||||
2019 | 3,082,771 | – | – | 3,082,771 |
37
Notes to Financial Statements (Unaudited) (Continued) | ||
April 30, 2021 |
5. TAX INFORMATION (continued)
As of October 31, 2020, the components of tax basis accumulated losses were as follows:
Global X Funds | ||||||||||||||||
Global X Silver Miners ETF | Global X Gold Explorers ETF | Global X Copper Miners ETF | Global X Uranium ETF | |||||||||||||
Undistributed Ordinary Income | $ | 16,680,323 | $ | 1,622,724 | $ | 2,189,270 | $ | 1,292,887 | ||||||||
Capital Loss Carryforwards | (335,997,413 | ) | (64,646,351 | ) | (29,256,804 | ) | (467,782,825 | ) | ||||||||
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency | 144,707,051 | 10,010,566 | (9,563,755 | ) | (23,675,835 | ) | ||||||||||
Other Temporary Differences | (8 | ) | (1 | ) | (7 | ) | 3 | |||||||||
Total Accumulated Losses | $ | (174,610,047 | ) | $ | (53,013,062 | ) | $ | (36,631,296 | ) | $ | (490,165,770 | ) |
For taxable years beginning after December 22, 2010, a registered investment company (“RIC”) 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. Losses carried forward under these provisions are as follows:
later years, and the losses carried forward retain their original character as either long-term or short-term losses. Losses carried forward under these provisions are as follows:
Short-Term Loss | Long-Term Loss | Total | ||||||||||
Global X Silver Miners ETF | $ | 61,079,213 | $ | 274,918,200 | $ | 335,997,413 | ||||||
Global X Gold Explorers ETF | 13,512,849 | 51,133,502 | 64,646,351 | |||||||||
Global X Copper Miners ETF | 7,347,350 | 21,909,454 | 29,256,804 | |||||||||
Global X Uranium ETF | 79,900,314 | 387,882,511 | 467,782,825 |
During the year ended October 31, 2020, the following Funds utilized capital loss carryforwards to offset capital gains amounting to:
Global X Funds | Short-Term Loss | Long-Term Loss | Total | |||||||||
Global X Silver Miners ETF | $ | – | $ | 2,431,036 | $ | 2,431,036 |
38
Notes to Financial Statements (Unaudited) (Continued) | ||
April 30, 2021 |
5. TAX INFORMATION (continued)
The Federal tax cost and aggregate gross unrealized appreciation and depreciation on investments held by the Funds at April 30, 2021 were as follows:
Global X Funds | Federal Tax Cost | Aggregated Gross Unrealized Appreciation | Aggregated Gross Unrealized Depreciation | Net Unrealized Appreciation | ||||||||||||
Global X Silver Miners ETF | $ | 1,100,836,204 | $ | 160,082,224 | $ | (24,658,216 | ) | $ | 135,424,008 | |||||||
Global X Gold Explorers ETF | 52,029,512 | 8,740,904 | (5,300,804 | ) | 3,440,100 | |||||||||||
Global X Copper Miners ETF | 768,460,387 | 156,399,232 | (1,106,414 | ) | 155,292,818 | |||||||||||
Global X Uranium ETF | 530,805,421 | 132,158,137 | (5,608,671 | ) | 126,549,466 |
The preceding differences between book and tax cost are primarily due to mark-to-market treatment of passive foreign investment companies and wash sales.
6. 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 securities markets of emerging countries are less liquid and subject to greater price volatility, and have a smaller market capitalization than the U.S. securities markets. In certain countries, there may be fewer publicly traded securities and the market may be dominated by a few issuers or sectors. Issuers and securities markets in such countries are not subject to as extensive and frequent accounting, financial and other reporting requirements or as comprehensive government regulations as are issuers and securities markets in the United States. In particular, the assets and profits appearing on the statements of emerging country issuers may not reflect their financial position or results of operations in the same manner as financial statements for U.S. issuers. Substantially less information may be publicly available about emerging country issuers than is available about issuers in the United States.
The Funds may be subject to taxes imposed by countries in which they invest. Such taxes are generally based on either income or gains earned or repatriated. The Funds accrue and apply such taxes to net investment income, net realized gains and net unrealized gains as income and/or capital gains are earned.
The Funds use a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of the underlying index in approximately the same proportions as in the underlying index. Each Fund may utilize a representative sampling strategy with respect to its underlying index when a replication strategy might be detrimental to its shareholders, such as when there are practical difficulties or substantial
39
Notes to Financial Statements (Unaudited) (Continued) | ||
April 30, 2021 |
6. CONCENTRATION OF RISKS (continued)
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 the underlying indexes). Commodity related securities are susceptible to fluctuations in certain commodity markets. Any negative changes in commodity markets could have a great impact on the Funds.
Certain Funds may invest in commodity related securities, which are susceptible to fluctuations in certain commodity markets. Any negative changes in commodity markets could have a great impact on those securities. Please refer to each Fund’s prospectus and statement of additional information (“SAI”) for a more complete description of risks.
The London Interbank Offered Rate, or “LIBOR,” the offered rate for short-term Eurodollar deposits between major international banks, is used extensively in the United States and globally as a reference rate in various financing and commercial transactions. Plans are underway to phase out the use of LIBOR by the end of 2021. There remains uncertainty regarding the nature of any replacement rate and the impact of the transition from LIBOR on the financial markets generally, transactions that use LIBOR as a reference rate and financial institutions that engage in such transactions, including issuers of securities in which the Funds may invest. As such, the potential effect of a transition away from LIBOR on Fund investments cannot yet be determined.
7. LOANS OF PORTFOLIO SECURITIES
The Funds may lend portfolio securities having a market value up to one-third of the Funds’ total assets. Security loans made pursuant to a securities lending agreement with BBH 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 Schedule of Investments and Statement of Assets and Liabilities. The obligation to return securities lending collateral is also recognized as a liability in the Statement of Assets and Liabilities. It is the Funds’ 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.
date of the securities loaned. Therefore, the value of the collateral held may be temporarily less than the value of the securities on loan.
Lending securities entails a risk of loss to the Funds if and to the extent that the market value of the securities loans were to increase and the borrower did not increase the collateral accordingly, and the borrower fails to return the securities. In the event the borrower may not provide additional collateral when required or may not return the securities when due, the securities lending agency agreement requires the lending agent to indemnify the Funds by replacing either the security or the security’s current market
40
Notes to Financial Statements (Unaudited) (Continued) | ||
April 30, 2021 |
7. LOANS OF PORTFOLIO SECURITIES (continued)
value to the Funds. The Funds could suffer a loss if the value of an investment purchased with cash collateral falls below the market value of loaned securities or if the value of an investment purchased with cash collateral falls below the value of the original cash collateral received. The Funds could also experience delays and costs in gaining access to the collateral. The Funds bear the risk of any deficiency in the amount of the collateral available for return to the borrower due to any loss on the collateral invested.
As of April 30, 2021, the value of securities on loan was $57,048,067, $1,803,097, $3,096,927 and $65,293,430 for the Global X Silver Miners ETF, Global X Gold Explorers ETF, Global X Copper Miners ETF, and Global X Uranium ETF, respectively, and the cash collateral received from securities on loan was $61,286,560, $1,944,080, $4,603,517 and $69,014,637 for the Global X Silver Miners ETF, Global X Gold Explorers ETF, Global X Copper Miners ETF and Global X Uranium ETF, respectively.
At April 30, 2021, the following Funds had securities on loan, by counterparty:
Market Value | Cash Collateral | |||||||
Global X Silver Miners ETF | ||||||||
Barclays Capital Inc. | $ | 5,256,386 | $ | 5,745,824 | ||||
BMO Capital Markets | 751,097 | 780,000 | ||||||
BNP Paribas | 90,000 | 97,500 | ||||||
Bofa Securities, Inc. | 1,313,070 | 1,415,584 | ||||||
Citigroup Global Markets Inc. | 59,027 | 102,000 | ||||||
Credit Suisse Securities (USA) | 1,989,031 | 2,140,044 | ||||||
Goldman, Sachs & Co. | 659,530 | 705,448 | ||||||
JP Morgan Securities LLC | 4,035,548 | 4,302,802 | ||||||
Morgan Stanley & Co., LLC/SC | 9,677,294 | 10,324,057 | ||||||
Morgan Stanley And Co., LLC | 2,681,234 | 2,848,447 | ||||||
National Financial Services LLC | 1,565,193 | 1,719,917 | ||||||
Scotia Capital USA Inc. | 28,351,936 | 30,376,278 | ||||||
UBS AG London Branch | 7,183 | 7,860 | ||||||
UBS Securities LLC | 385,043 | 437,680 | ||||||
Wells Fargo Securities, LLC | 226,495 | 283,119 | ||||||
Global X Gold Explorers ETF | ||||||||
Bofa Securities, Inc. | 162,624 | 170,400 | ||||||
Citigroup Global Markets Inc. | 201,586 | 210,035 | ||||||
JP Morgan Securities LLC | 166,012 | 173,950 | ||||||
Morgan Stanley & Co., LLC | 246,644 | 263,970 | ||||||
National Financial Services LLC | 377,971 | 405,990 | ||||||
UBS AG London Branch | 524,955 | 565,604 | ||||||
Wells Fargo Securities, LLC | 123,305 | 154,131 |
41
Notes to Financial Statements (Unaudited) (Continued) | ||
April 30, 2021 |
7. LOANS OF PORTFOLIO SECURITIES (continued)
Market Value | Cash Collateral | |||||||
Global X Copper Miners ETF | ||||||||
Barclays Bank PLC | $ | 202,143 | $ | 212,000 | ||||
Bofa Securities, Inc. | 89,444 | 151,600 | ||||||
Citigroup Global Markets Inc. | 121,671 | 128,100 | ||||||
JP Morgan Securities LLC | 725,777 | 793,356 | ||||||
Morgan Stanley & Co., LLC/SL | 1,180,000 | 2,000,000 | ||||||
Scotia Capital USA Inc. | 777,892 | 1,318,461 | ||||||
Global X Uranium ETF | ||||||||
Barclays Capital Inc. | 7,205,162 | 7,647,098 | ||||||
Bofa Securities, Inc. | 14,988,437 | 15,697,240 | ||||||
Citigroup Global Markets Inc. | 41,496 | 43,994 | ||||||
Credit Suisse Securities (USA) | 4,118,194 | 4,527,762 | ||||||
Goldman, Sachs & Co. | 74,928 | 81,240 | ||||||
JP Morgan Securities LLC | 26,699,465 | 28,303,539 | ||||||
Morgan Stanley & Co LLC/SL | 1,483,920 | 1,533,210 | ||||||
Morgan Stanley And Co., LLC | 8,650,230 | 9,118,291 | ||||||
National Financial Services LLC | 397,892 | 407,906 | ||||||
Scotia Capital USA Inc. | 1,134,616 | 1,138,057 | ||||||
UBS Securities LLC | 499,090 | 516,300 |
8. 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 arrangements 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.
9. SUBSEQUENT EVENTS
The Funds have been evaluated by management regarding the need for additional disclosures and/or adjustments resulting from subsequent events. Based on this evaluation, no additional adjustments were required to the financial statements.
42
Notes to Financial Statements (Unaudited) (Concluded) | ||
April 30, 2021 |
10. OTHER MATTER
The rapid and global spread of a highly contagious novel coronavirus respiratory disease, designated COVID-19, has resulted in extreme volatility in the financial markets and severe losses; reduced liquidity of many instruments; restrictions on international and, in some cases, local travel; significant disruptions to business operations (including business closures); strained healthcare systems; disruptions to supply chains, consumer demand and employee availability; and widespread uncertainty regarding the duration and long-term effects of this pandemic. Some sectors of the economy and individual issuers have experienced particularly large losses. In addition, the COVID-19 pandemic may result in a sustained economic downturn or a global recession, domestic and foreign political and social instability, damage to diplomatic and international trade relations and increased volatility and/or decreased liquidity in the securities markets. The COVID-19 pandemic could adversely affect the value and liquidity of the Funds’ investments and negatively impact Fund performance. In addition, the outbreak of COVID-19, and measures taken to mitigate its effects, could result in disruptions to the services provided to the Funds by their service providers.
43
Disclosure of Fund Expenses (unaudited) | ||
ETFs (such as the Funds) have operating expenses. As a shareholder of an ETF, your investment is affected by these ongoing costs, which include (among others) costs for ETF management, administrative services, brokerage fees, and shareholder reports like this one. It is important for you to understand the impact of these costs on your investment returns. In addition, a shareholder is responsible for brokerage fees as a result of the shareholder’s investment in a Fund.
Operating expenses such as these are deducted from a Fund’s gross income and directly reduce your final investment return. These expenses are expressed as a percentage of the Fund’s average net assets; this percentage is known as the Fund’s expense ratio.
The following examples use the expense ratio and are intended to help you understand the ongoing costs (in dollars) of investing in a Fund and to compare these costs with those of other funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period from October 31, 2020 through April 30, 2021.
The table on the next page illustrates your Fund’s costs in two ways:
Actual Fund Return. This section helps you to estimate the actual expenses that your Fund incurred over the period. The “Expenses Paid During Period” column shows the actual dollar expense cost incurred by a $1,000 investment in the Fund, and the “Ending Account Value” number is derived from deducting that expense cost from the Fund’s gross investment return.
You can use this information, together with the actual amount you invested in the Funds, to estimate the expenses you paid over that period. Simply divide your actual account value by $1,000 to arrive at a ratio (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply that ratio by the number shown for your Funds under “Expenses Paid During Period.”
Hypothetical 5% Return. This section helps you compare your Fund’s costs with those of other funds. It assumes that the Fund had an annual 5% return before expenses during the year, but that the expense ratio (Column 3) for the period is unchanged. This example is useful in making comparisons because the Securities and Exchange Commission requires all funds to make this 5% calculation. You can assess your Fund’s comparative cost by comparing the hypothetical result for your Fund in the “Expenses Paid During Period” column with those that appear in the same charts in the shareholder reports for other funds.
NOTE: Because the return is set at 5% for comparison purposes — NOT your Fund’s actual return — the account values shown may not apply to your specific investment.
44
Disclosure of Fund Expenses (unaudited) (Concluded) | ||
Beginning Account Value 11/1/2020 | Ending Account Value 4/30/2021 | Annualized Expense Ratios | Expenses Paid During Period(1) | |||||||||||||
Global X Silver Miners ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,000.00 | 0.65 | % | $ | 3.22 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.57 | 0.65 | 3.26 | ||||||||||||
Global X Gold Explorers ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 955.60 | 0.65 | % | $ | 3.15 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.57 | 0.65 | 3.26 | ||||||||||||
Global X Copper Miners ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,863.20 | 0.65 | % | $ | 4.61 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.57 | 0.65 | 3.26 | ||||||||||||
Global X Uranium ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,818.10 | 0.69 | % | $ | 4.82 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.37 | 0.69 | 3.46 |
(1) | Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period.) |
45
Approval of Investment Advisory Agreement (unaudited) | ||
Section 15(c) of the Investment Company Act of 1940, as amended (“1940 Act”), requires that the board of trustees of an exchange-traded fund (“ETF”), including a majority of those trustees who are not “interested persons” of the ETF, as defined in the 1940 Act (“Independent Trustees”), consider on an initial basis and periodically thereafter (as required by the 1940 Act), at an in person meeting called for such purpose, the terms of each ETF’s investment advisory agreement and whether to approve entering into, or renewing, each agreement.
At a Board meeting of the Trust held via videoconference November 11, 20201, called for such purpose, the Board (including the Trust’s Independent Trustees, voting separately) considered and unanimously approved the continuation of (i) the Investment Advisory Agreement (“Renewal Investment Advisory Agreement”) for each Fund included in this Annual Report (each, a “Renewal Fund”); and (ii) the Supervision and Administration Agreement between the Trust (“Renewal Supervision and Administration Agreement”), on behalf of each Renewal Fund, and Global X Management Company LLC (“Global X Management”). The Renewal Investment Advisory Agreement and the Renewal Supervision and Administration Agreement are referred to herein as the “Renewal Agreements.”
In advance of the Board meetings, the Board (including the Trust’s Independent Trustees) and the Independent Trustees’ independent legal counsel requested (in writing) detailed information from Global X Management in connection with the Board’s consideration of the Renewal Agreements and received and reviewed written responses from Global X Management and supporting materials relating to those requests for information. In the course of their consideration of the Renewal Agreements, the Trust’s Independent Trustees were advised by their independent legal counsel and, in addition to meetings with management of Global X Management, the Independent Trustees met separately in executive sessions with their counsel.
RENEWAL AGREEMENTS
In determining to approve the continuation of the Renewal Agreements for the Renewal Funds, the Board considered a variety of factors, including the factors discussed in greater detail below.
1 | This meeting was held via videoconference in reliance on an exemptive order issued by the Securities and Exchange Commission on March 25, 2020. Reliance on the exemptive order is necessary and appropriate due to circumstances related to current or potential effects of COVID-19. All Trustees participating in the telephonic meeting were able to hear each other simultaneously during the meeting. Reliance on the exemptive order requires Trustees, including a majority of the Independent Trustees, to ratify actions taken pursuant to the exemptive order by vote cast at the next in-person meeting. |
46
Approval of Investment Advisory Agreement (unaudited) | ||
Nature, Extent and Quality of Services
With respect to this factor, the Board considered:
• | the terms of the Renewal Agreements and the range of services that would continue to be provided to each Renewal Fund in accordance with the Renewal Agreements; |
• | Global X Management’s key personnel and the portfolio managers who would continue to provide investment advisory, supervision and administrative services to each Renewal Fund; |
• | Global X Management’s responsibilities under the Renewal Agreements, among other things, to: (i) manage the investment operations of the Renewal Funds and the composition of the Renewal Funds’ assets, including the purchase, retention and disposition of their holdings, (ii) provide quarterly reports to the Trust’s officers and the Board and other reports as the Board deems necessary or appropriate, (iii) vote proxies, exercise consents, and exercise all other rights relating to securities and assets held by the Renewal Funds, (iv) select broker-dealers to execute portfolio transactions for the Renewal Funds when necessary, (v) assist in the preparation and filing of reports and proxy statements (if any) to the shareholders of the Renewal Funds, and the periodic updating of the registration statement, prospectuses, statements of additional information, and other reports and documents for the Renewal Funds that are required to be filed by the Trust with the SEC and other regulatory and governmental bodies, and (vi) monitor anticipated purchases and redemptions of the shares (including Creation Units) of the Renewal Funds by shareholders and new investors; |
• | the nature, extent and quality of all of the services (including advisory, administrative and compliance services) that have been provided by Global X Management or made available to the Renewal Funds; and |
• | the quality of Global X Management’s resources and personnel that would continue to be made available to the Renewal Funds, including Global X Management’s experience and the professional qualifications of Global X Management’s key personnel. |
Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Renewal Funds by Global X Management.
Performance
The Board considered the performance of each Renewal Fund. They examined the performance of the Renewal Funds for the one-year, three-year, five-year and since-inception periods, as applicable. Also, the Board considered the total return and investments performance of the Renewal Funds relative to (i) the performance of
47
Approval of Investment Advisory Agreement (unaudited) | ||
unaffiliated comparable ETFs and/or other registered funds, which performance information is publicly available from such registered funds, as well as other third party sources; and (ii) the performance of pertinent indexes. The Board considered instances of under-performance and over-performance with respect to the competitor funds. The Board also considered the Renewal Funds’ tracking against their underlying indexes in absolute terms.
Based on these considerations and comparisons, the Board concluded that the investment performance of the Renewal Funds did not adversely affect the Board’s approval of the continuance of the Renewal Agreements.
Cost of Services and Profitability
The Board considered Global X Management’s cost to provide investment management, supervision and administrative and related services to the Renewal Funds. In this regard, the Board considered the management fee (“Management Fee”) that has been borne or is expected to be borne by the Renewal Funds under the Renewal Agreements for the various investment advisory, supervisory and administrative services that the Renewal Funds require under a unitary fee structure (including the types of fees and expenses that are not included within the unitary fee and would be borne by the Renewal Funds).
In addition, the Board considered expected profitability to Global X Management, as applicable, from all services provided or expected to be provided to the Renewal Funds and all aspects of Global X Management’s relationship with the Renewal Funds. In connection with these considerations, Global X Management provided the Board with financial information regarding its operations and the services provided to the Renewal Funds and discussed with the Board its current and expected, as applicable, profitability with respect to the Renewal Funds.
Based on these considerations, the Board concluded that the Management Fee rate paid by the Renewal Funds to Global X Management, in light of the nature, extent and quality of the services provided, was reasonable and in the best interests of the Renewal Funds’ shareholders.
Comparison of Fees and Services
With respect to this factor, the Board considered:
• | comparative information with respect to the Management Fee paid to Global X Management by the Renewal Funds. In connection with this consideration, Global X Management provided the Board with comparative expense data for the Renewal Funds, including fees and expenses paid by unaffiliated similar specialized and/or focused ETFs and/or other comparable registered funds. The Board considered the Global X Management’s detailed explanation of the fee structures of any Renewal Fund that was above the average or median for its peer group; |
48
Approval of Investment Advisory Agreement (unaudited) | ||
• | the structure of the unitary Management Fee (which includes as one component the investment advisory fee for the Renewal Funds) and the current total expense ratios for the Renewal Funds. In this regard, the Board took into consideration that the purpose of adopting a unitary Management Fee structure for the Renewal Funds was to create a simple, all-inclusive fee that would provide a level of predictability with respect to the overall expense ratio (i.e., the total fees) of the Renewal Funds and that the proposed Management Fees for the Renewal Funds were set at a competitive levels to make the Renewal Funds viable in the marketplace; and |
• | that, under the unified Management Fee structure, Global X Management is responsible for most ordinary expenses of the Renewal Funds, including the costs of various third-party services required by the Renewal Funds, including investment advisory, administrative, audit, certain custody, portfolio accounting, legal, transfer agency and printing costs, but that the Renewal Funds would bear other expenses not covered under the proposed all-inclusive Management Fee, such as taxes, brokerage fees, commissions, and other transaction expenses, interest expenses, and extraordinary expenses. |
Based on these considerations, the Board concluded that the services received and the fees charged under the Renewal Agreements were reasonable on a comparative basis.
Economies of Scale
With respect to this factor, the Board considered:
• | the extent to which economies of scale would be realized as the Renewal Funds grow and whether the unitary Management Fee for the Renewal Funds reflected these economies of scale; |
• | the significant investment of time, personnel and other resources that Global X Management has made and intends to continue to make in the Renewal Funds in order to seek to assure that the Renewal Funds are attractive to investors; and |
• | that the unitary Management Fee would provide a high level of certainty as to the total level of expenses for the Renewal Funds and their shareholders. |
Based on these considerations, the Board concluded that the unitary Management Fee for the Renewal Funds appropriately addressed economies of scale.
Other Benefits
In considering the Renewal Agreements, in addition to the factors above, the Board considered any other benefits realized by Global X Management as a result of its relationships with the Renewal Funds and concluded that, in the exercise of the Board’s
49
Approval of Investment Advisory Agreement (unaudited) | ||
business judgement, all information the Board considered supported approval of the continuation of the Renewal Agreements.
Conclusion
After full consideration of the factors above, as well as other factors that were instructive in its consideration, the Board, including all of the Trust’s Independent Trustees voting separately, concluded, in the exercise of its business judgement, that the Renewal Agreements were fair and reasonable and in the best interest of each Renewal Fund.
In reaching this decision, the Board did not assign relative weights to the factors above nor did the Board deem any one factor or group of them to be controlling in and of themselves. Each member of the Board may have assigned different weights to the various factors.
50
Supplemental Information (unaudited) | ||
NAV is the price per Share at which a Fund issues and redeems Shares. It is calculated in accordance with the standard formula for valuing mutual fund shares. The “Market Price” of a Fund generally is determined using the midpoint between the highest bid and the lowest offer on the stock exchange on which the Shares of the Funds are listed for trading, as of the time that the Fund’s NAV is calculated. The Fund’s Market Price may be at, above or below its NAV. The NAV of Fund will fluctuate with changes in the market value of the Fund’s holdings. The Market Price of a Fund will fluctuate in accordance with changes in its NAV, as well as market supply and demand.
Premiums or discounts are the differences (expressed as a percentage) between the NAV and Market Price of a Fund on a given day, generally at the time NAV is calculated. A premium is the amount that a Fund is trading above the reported NAV, expressed as a percentage of the NAV. A discount is the amount that a Fund is trading below the reported NAV, expressed as a percentage of the NAV.
Further information regarding premiums and discounts is available on the Funds’ website at www.globalxetfs.com.
51
Notes | ||
52
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 Third 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
Custodian and Transfer Agent:
Brown Brothers Harriman & Co.
50 Post Office Square
Boston, MA 02110
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-001-1300
Global X MSCI China Energy ETF (ticker: CHIE) |
Global X MSCI China Materials ETF (ticker: CHIM) |
Global X MSCI China Industrials ETF (ticker: CHII) |
Global X MSCI China Consumer Discretionary ETF (ticker: CHIQ) |
Global X MSCI China Consumer Staples ETF (ticker: CHIS) |
Global X MSCI China Health Care ETF (ticker: CHIH) |
Global X MSCI China Financials ETF (ticker: CHIX) |
Global X MSCI China Information Technology ETF (ticker: CHIK) |
Global X MSCI China Communication Services ETF (ticker: CHIC) |
Global X MSCI China Utilities ETF (ticker: CHIU) |
Global X MSCI China Real Estate ETF (ticker: CHIR) |
Global X MSCI China Large-Cap 50 ETF (ticker: CHIL) |
Global X MSCI Greece ETF (ticker: GREK) |
Global X MSCI Norway ETF (ticker: NORW) |
Global X DAX Germany ETF (ticker: DAX) |
Global X MSCI Portugal ETF (ticker: PGAL) |
Global X MSCI Colombia ETF (ticker: GXG) |
Global X MSCI Argentina ETF (ticker: ARGT) |
Global X MSCI Pakistan ETF (ticker: PAK) |
Global X MSCI Nigeria ETF (ticker: NGE) |
Global X MSCI Next Emerging & Frontier ETF (ticker: EMFM) |
Global X FTSE Nordic Region ETF (ticker: GXF) |
Global X FTSE Southeast Asia ETF (ticker: ASEA) |
Semi-Annual Report
April 30, 2021
As permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the Funds’ (defined below) shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from your financial intermediary (such as a broker-dealer or bank). Instead, shareholder reports will be available on the Funds’ website (www.globalxetfs.com/explore), and you will be notified by mail each time a report is posted and provided with a website link to access the report.
If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from the Funds electronically anytime by contacting your financial intermediary.
You may elect to receive all future Fund shareholder reports in paper free of charge. Please contact your financial intermediary to inform them that you wish to continue receiving paper copies of Fund shareholder reports and for details about whether your election to receive reports in paper will apply to all funds held with your financial intermediary.
Table of Contents |
Schedules of Investments | |
Global X MSCI China Energy ETF | 1 |
Global X MSCI China Materials ETF | 3 |
Global X MSCI China Industrials ETF | 7 |
Global X MSCI China Consumer Discretionary ETF | 11 |
Global X MSCI China Consumer Staples ETF | 16 |
Global X MSCI China Health Care ETF | 19 |
Global X MSCI China Financials ETF | 23 |
Global X MSCI China Information Technology ETF | 28 |
Global X MSCI China Communication Services ETF | 32 |
Global X MSCI China Utilities ETF | 35 |
Global X MSCI China Real Estate ETF | 37 |
Global X MSCI China Large-Cap 50 ETF | 39 |
Global X MSCI Greece ETF | 42 |
Global X MSCI Norway ETF | 46 |
Global X DAX Germany ETF | 50 |
Global X MSCI Portugal ETF | 53 |
Global X MSCI Colombia ETF | 57 |
Global X MSCI Argentina ETF | 60 |
Global X MSCI Pakistan ETF | 65 |
Global X MSCI Nigeria ETF | 67 |
Global X MSCI Next Emerging & Frontier ETF | 69 |
Global X FTSE Nordic Region ETF | 83 |
Global X FTSE Southeast Asia ETF | 86 |
Statements of Assets and Liabilities | 91 |
Statements of Operations | 97 |
Statements of Changes in Net Assets | 103 |
Financial Highlights | 115 |
Notes to Financial Statements | 129 |
Disclosure of Fund Expenses | 155 |
Approval of Investment Advisory Agreement | 159 |
Supplemental Information | 164 |
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.
The Funds file their complete schedules of Fund holdings with the Securities and Exchange Commission (the “SEC” or “Commission”) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The Funds’ Forms N-PORT are available on the Commission’s website at https://www.sec.gov, and may be reviewed and copied at the Commission’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.
A description of the policies and procedures that Global X Funds uses to determine how to vote proxies relating to Fund securities, as well as information relating to how the Funds voted proxies relating to Fund securities during the most recent 12-month period ended June 30, is available (i) without charge, upon request, by calling 1-888-493-8631; and (ii) on the Commission’s website at https://www.sec.gov.
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Energy ETF |
Sector Wehtings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 98.5% | ||||||||
AUSTRALIA— 3.7% | ||||||||
Energy — 3.7% | ||||||||
Woodside Petroleum | 5,890 | $ | 104,007 | |||||
CHINA— 94.8% | ||||||||
Energy — 94.8% | ||||||||
China Merchants Energy Shipping, Cl A | 154,800 | 117,506 | ||||||
China Oilfield Services, Cl H | 150,286 | 138,544 | ||||||
China Petroleum & Chemical, Cl A | 16,350 | 10,819 | ||||||
China Petroleum & Chemical, Cl H | 433,297 | 215,900 | ||||||
China Shenhua Energy, Cl A | 4,100 | 12,176 | ||||||
China Shenhua Energy, Cl H | 120,830 | 252,026 | ||||||
China Suntien Green Energy, Cl H | 350,800 | 135,047 | ||||||
COSCO SHIPPING Energy Transportation, Cl A | 110,000 | 103,566 | ||||||
Guanghui Energy, Cl A * | 265,650 | 125,261 | ||||||
Inner Mongolia Yitai Coal, Cl B | 251,394 | 166,171 | ||||||
Offshore Oil Engineering, Cl A | 141,275 | 95,008 | ||||||
PetroChina, Cl A | 16,200 | 10,644 | ||||||
PetroChina, Cl H | 629,863 | 229,503 | ||||||
Shaanxi Coal Industry, Cl A | 75,336 | 131,027 | ||||||
Shanxi Coking Coal Energy Group, Cl A | 146,053 | 127,123 | ||||||
Shanxi Lu’an Environmental Energy Development, Cl A | 116,065 | 160,595 | ||||||
Shanxi Meijin Energy, Cl A * | 95,800 | 116,411 | ||||||
Sinopec Kantons Holdings | 306,200 | 117,878 | ||||||
Yantai Jereh Oilfield Services Group, Cl A | 14,600 | 74,508 | ||||||
Yanzhou Coal Mining, Cl A | 66,564 | 133,676 | ||||||
Yanzhou Coal Mining, Cl H | 179,425 | 214,150 |
1
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Energy ETF |
Value | ||||
COMMON STOCK — continued | ||||
TOTAL CHINA | $ | 2,687,539 | ||
TOTAL COMMON STOCK | ||||
(Cost $2,636,614) | 2,791,546 | |||
TOTAL INVESTMENTS — 98.5% | ||||
(Cost $2,636,614) | $ | 2,791,546 |
Percentages are based on Net Assets of $2,833,425.
* | Non-income producing security. |
Cl — Class
As of April 30, 2021, 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.
For the period ended April 30, 2021, there were no transfers in or out of Level 3.
2
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Materials ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 99.9% | ||||||||
CHINA— 96.6% | ||||||||
Materials — 96.6% | ||||||||
Aluminum Corp of China, Cl A * | 68,200 | $ | 46,814 | |||||
Aluminum Corp of China, Cl H * | 309,639 | 161,460 | ||||||
Anhui Conch Cement, Cl A | 6,200 | 46,996 | ||||||
Anhui Conch Cement, Cl H | 70,020 | 418,758 | ||||||
Baoshan Iron & Steel, Cl A | 82,400 | 109,937 | ||||||
BBMG, Cl A | 47,200 | 20,286 | ||||||
Beijing Oriental Yuhong Waterproof Technology, Cl A | 11,850 | 105,816 | ||||||
Chifeng Jilong Gold Mining, Cl A * | 3,900 | 9,141 | ||||||
China Hongqiao Group | 128,500 | 203,499 | ||||||
China Jushi, Cl A | 18,600 | 51,817 | ||||||
China Lumena New Materials *(A)(B)(C) | 48 | — | ||||||
China Molybdenum, Cl A | 82,200 | 73,834 | ||||||
China Molybdenum, Cl H | 251,554 | 170,686 | ||||||
China National Building Material, Cl H | 251,700 | 364,902 | ||||||
China Northern Rare Earth Group High-Tech, Cl A | 18,900 | 59,461 | ||||||
China Resources Cement Holdings | 171,800 | 187,353 | ||||||
Ganfeng Lithium, Cl A | 5,500 | 93,099 | ||||||
GEM, Cl A | 30,800 | 47,616 | ||||||
Guangdong HEC Technology Holding, Cl A * | 19,200 | 13,921 | ||||||
Guangdong Hongda Blasting, Cl A | 4,352 | 18,691 | ||||||
Guangzhou Tinci Materials Technology, Cl A | 2,380 | 24,800 | ||||||
Hengli Petrochemical, Cl A | 26,420 | 121,106 | ||||||
Hengyi Petrochemical, Cl A | 19,600 | 39,907 | ||||||
Hesteel, Cl A | 64,800 | 25,546 | ||||||
Huaxin Cement, Cl A | 7,100 | 24,105 | ||||||
Hunan Valin Steel, Cl A | 36,200 | 43,988 |
3
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Materials ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Materials — continued | ||||||||
Inner Mongolia BaoTou Steel Union, Cl A * | 219,700 | $ | 49,929 | |||||
Inner Mongolia Junzheng Energy & Chemical Industry Group, Cl A | 43,300 | 38,759 | ||||||
Jiangsu Shagang, Cl A | 12,000 | 18,255 | ||||||
Jiangsu Yangnong Chemical, Cl A | 1,700 | 29,441 | ||||||
Jiangxi Copper, Cl A | 11,500 | 47,221 | ||||||
Jiangxi Copper, Cl H | 87,491 | 214,029 | ||||||
Kingfa Sci & Tech, Cl A | 7,700 | 27,118 | ||||||
Lee & Man Paper Manufacturing | 103,000 | 89,780 | ||||||
Lomon Billions Group, Cl A | 12,200 | 63,845 | ||||||
Pangang Group Vanadium Titanium & Resources, Cl A * | 57,200 | 19,720 | ||||||
Real Gold Mining *(A)(B)(C) | 97,864 | — | ||||||
Rongsheng Petro Chemical, Cl A | 26,200 | 114,750 | ||||||
Shandong Gold Mining, Cl A | 15,920 | 47,649 | ||||||
Shandong Gold Mining, Cl H | 37,950 | 69,677 | ||||||
Shandong Hualu Hengsheng Chemical, Cl A | 8,900 | 53,675 | ||||||
Shandong Nanshan Aluminum, Cl A | 69,800 | 41,222 | ||||||
Shandong Sinocera Functional Material, Cl A | 5,643 | 43,184 | ||||||
Shandong Sun Paper Industry JSC, Cl A | 15,700 | 38,884 | ||||||
Shanghai Putailai New Energy Technology, Cl A | 3,565 | 44,681 | ||||||
Shanxi Taigang Stainless Steel, Cl A | 36,100 | 35,551 | ||||||
Shenzhen Capchem Technology, Cl A | 900 | 10,716 | ||||||
Sinoma Science & Technology, Cl A | 3,700 | 12,561 | ||||||
Sinopec Shanghai Petrochemical, Cl A | 36,000 | 20,426 | ||||||
Skshu Paint, Cl A | 656 | 24,030 | ||||||
Tangshan Jidong Cement, Cl A | 7,600 | 16,473 | ||||||
Tongkun Group, Cl A | 11,300 | 39,988 | ||||||
Tongling Nonferrous Metals Group, Cl A | 65,800 | 28,992 | ||||||
Transfar Zhilian, Cl A | 20,900 | 19,742 | ||||||
Wanhua Chemical Group, Cl A | 13,247 | 210,409 | ||||||
Weihai Guangwei Composites, Cl A | 2,800 | 27,336 | ||||||
Xiamen Tungsten, Cl A | 9,500 | 28,360 |
4
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Materials ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Materials — continued | ||||||||
Yintai Gold, Cl A | 14,820 | $ | 19,635 | |||||
Yunnan Energy New Material, Cl A | 4,300 | 89,445 | ||||||
Zhaojin Mining Industry | 79,184 | 71,876 | ||||||
Zhejiang Huayou Cobalt, Cl A | 5,930 | 74,964 | ||||||
Zhejiang Juhua, Cl A | 17,500 | 23,646 | ||||||
Zhejiang Longsheng Group, Cl A | 16,400 | 34,456 | ||||||
Zhongjin Gold, Cl A | 27,100 | 35,863 | ||||||
Zijin Mining Group, Cl A | 4,200 | 7,162 | ||||||
Zijin Mining Group, Cl H | 272,159 | 383,350 | ||||||
TOTAL CHINA | 4,750,339 | |||||||
HONG KONG— 3.3% | ||||||||
Materials — 3.3% | ||||||||
Nine Dragons Paper Holdings | 118,670 | 163,180 | ||||||
TOTAL COMMON STOCK | ||||||||
(Cost $4,196,031) | 4,913,519 | |||||||
TOTAL INVESTMENTS — 99.9% | ||||||||
(Cost $4,196,031) | $ | 4,913,519 |
Percentages are based on Net Assets of $4,919,029.
* | Non-income producing security. |
(A) | Level 3 security in accordance with fair value hierarchy. |
(B) | Security considered illiquid. The total value of such securities as of April 30, 2021 was $0 and represented 0.0% of Net Assets. |
(C) | Security is fair valued using methods determined in good faith by the Fair Value Committee of the Fund. The total value of such securities as of April 30, 2021 was $0 and represents 0.0% of Net Assets. |
Cl — Class
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3(1) | Total | ||||||||||||
Common Stock | $ | 4,913,519 | $ | — | $ | — | $ | 4,913,519 | ||||||||
Total Investments in Securities | $ | 4,913,519 | $ | — | $ | — | $ | 4,913,519 |
5
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Materials ETF |
(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 beginning and/or end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets. |
For the period ended April 30, 2021, there were no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
6
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Industrials ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 99.8% | ||||||||
CHINA— 98.5% | ||||||||
Industrials — 98.5% | ||||||||
51job ADR * | 465 | $ | 28,621 | |||||
AECC Aero-Engine Control, Cl A | 1,200 | 3,365 | ||||||
AECC Aviation Power, Cl A | 2,400 | 14,059 | ||||||
Air China, Cl A * | 7,000 | 8,852 | ||||||
Air China, Cl H * | 32,000 | 25,380 | ||||||
A-Living Smart City Services, Cl H | 8,000 | 36,875 | ||||||
Avic Aviation High-Technology, Cl A | 400 | 1,485 | ||||||
AVIC Electromechanical Systems, Cl A | 3,900 | 5,879 | ||||||
AVIC Shenyang Aircraft, Cl A | 1,200 | 10,712 | ||||||
AVIC Xi’an Aircraft Industry Group, Cl A | 2,900 | 10,782 | ||||||
AviChina Industry & Technology, Cl H | 43,090 | 27,740 | ||||||
AVICOPTER, Cl A | 600 | 4,721 | ||||||
Beijing Capital International Airport, Cl H * | 32,431 | 23,592 | ||||||
Beijing New Building Materials, Cl A | 1,800 | 12,845 | ||||||
Beijing Originwater Technology, Cl A | 3,300 | 3,586 | ||||||
Beijing-Shanghai High Speed Railway, Cl A | 12,000 | 10,908 | ||||||
China Aerospace Times Electronics, Cl A * | 2,800 | 2,956 | ||||||
China Avionics Systems, Cl A | 1,600 | 3,718 | ||||||
China Communications Services, Cl H | 41,900 | 18,180 | ||||||
China Conch Venture Holdings | 27,560 | 130,404 | ||||||
China Eastern Airlines, Cl A * | 9,600 | 7,747 | ||||||
China Everbright Environment Group | 64,250 | 40,452 | ||||||
China Gezhouba Group, Cl A | 4,600 | 5,056 | ||||||
China Lesso Group Holdings | 18,700 | 47,142 | ||||||
China Merchants Holdings International | 24,931 | 39,996 | ||||||
China National Chemical Engineering, Cl A | 5,100 | 4,967 | ||||||
China Railway Group, Cl A | 21,500 | 17,916 |
7
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Industrials ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — continued | ||||||||
China Railway Group, Cl H | 65,998 | $ | 34,160 | |||||
China Shipbuilding Industry, Cl A * | 24,100 | 15,239 | ||||||
China Southern Airlines, Cl A * | 9,600 | 9,424 | ||||||
China Southern Airlines, Cl H * | 29,900 | 20,327 | ||||||
China State Construction Engineering, Cl A | 43,700 | 33,374 | ||||||
China State Construction International Holdings | 35,010 | 24,612 | ||||||
CITIC | 99,100 | 104,372 | ||||||
Contemporary Amperex Technology, Cl A | 2,376 | 142,585 | ||||||
COSCO SHIPPING Holdings, Cl A * | 10,100 | 28,543 | ||||||
COSCO SHIPPING Holdings, Cl H * | 44,632 | 79,876 | ||||||
COSCO SHIPPING Ports | 30,630 | 25,752 | ||||||
Country Garden Services Holdings | 24,800 | 260,234 | ||||||
Daqin Railway, Cl A | 15,800 | 16,806 | ||||||
Dongfang Electric, Cl A | 2,900 | 5,106 | ||||||
East Group, Cl A | 2,300 | 2,226 | ||||||
Eve Energy, Cl A | 2,000 | 27,417 | ||||||
Ever Sunshine Lifestyle Services Group | 6,000 | 14,848 | ||||||
Fangda Carbon New Material, Cl A | 4,163 | 5,722 | ||||||
Fosun International | 43,300 | 62,328 | ||||||
Gotion High-Tech, Cl A * | 1,300 | 6,982 | ||||||
Greentown Service Group | 25,100 | 40,008 | ||||||
Guangdong Kinlong Hardware Products, Cl A | 300 | 8,784 | ||||||
Guangzhou Baiyun International Airport, Cl A | 2,400 | 4,512 | ||||||
Haitian International Holdings | 11,126 | 45,339 | ||||||
Hefei Meiya Optoelectronic Technology, Cl A | 700 | 5,197 | ||||||
Hongfa Technology, Cl A | 800 | 6,916 | ||||||
Inner Mongolia First Machinery Group, Cl A | 1,800 | 2,883 | ||||||
Jiangsu Expressway, Cl H | 21,219 | 25,025 | ||||||
Jiangsu Hengli Hydraulic, Cl A | 1,432 | 19,039 | ||||||
Jiangsu Zhongtian Technology, Cl A | 3,200 | 5,056 | ||||||
Metallurgical Corp of China, Cl A | 18,400 | 8,761 | ||||||
NARI Technology, Cl A | 4,900 | 24,226 |
8
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Industrials ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — continued | ||||||||
Power Construction Corp of China, Cl A | 15,600 | $ | 9,213 | |||||
Sany Heavy Industry, Cl A | 8,700 | 41,534 | ||||||
SF Holding, Cl A | 3,900 | 38,799 | ||||||
Shanghai Construction Group, Cl A | 9,200 | 4,125 | ||||||
Shanghai Electric Group, Cl A | 8,400 | 6,636 | ||||||
Shanghai International Airport, Cl A * | 1,000 | 7,597 | ||||||
Shanghai International Port Group, Cl A | 9,300 | 6,657 | ||||||
Shanghai M&G Stationery, Cl A | 1,000 | 14,130 | ||||||
Shenzhen Airport, Cl A * | 2,100 | 2,769 | ||||||
Shenzhen Inovance Technology, Cl A | 1,800 | 24,892 | ||||||
Shenzhen International Holdings | 18,906 | 31,498 | ||||||
Siasun Robot & Automation, Cl A * | 1,600 | 2,387 | ||||||
Sinotrans, Cl A | 4,600 | 3,470 | ||||||
Sinotruk Hong Kong | 12,000 | 29,541 | ||||||
Spring Airlines, Cl A * | 1,000 | 9,941 | ||||||
STO Express, Cl A * | 1,400 | 1,861 | ||||||
Sungrow Power Supply, Cl A | 1,500 | 20,848 | ||||||
Sunwoda Electronic, Cl A | 1,600 | 5,323 | ||||||
Suzhou Gold Mantis Construction Decoration, Cl A | 3,000 | 4,290 | ||||||
TBEA, Cl A | 4,000 | 7,625 | ||||||
Topsec Technologies Group, Cl A | 1,200 | 3,362 | ||||||
Weichai Power, Cl A * | 6,300 | 17,639 | ||||||
Weichai Power, Cl H | 32,896 | 76,322 | ||||||
XCMG Construction Machinery, Cl A | 8,100 | 9,242 | ||||||
Xiamen C & D, Cl A | 2,800 | 3,511 | ||||||
Xinjiang Goldwind Science & Technology, Cl A | 3,547 | 6,684 | ||||||
Xinjiang Goldwind Science & Technology, Cl H | 12,971 | 21,377 | ||||||
Yantai Eddie Precision Machinery, Cl A | 600 | 5,669 | ||||||
YTO Express Group, Cl A | 3,300 | 6,010 | ||||||
Yunda Holding, Cl A | 3,040 | 7,567 | ||||||
Zhejiang Chint Electrics, Cl A | 2,300 | 11,837 |
9
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Industrials ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — continued | ||||||||
Zhejiang Dingli Machinery, Cl A | 490 | $ | 5,559 | |||||
Zhejiang Expressway, Cl H | 25,240 | 21,968 | ||||||
Zhejiang Sanhua Intelligent Controls, Cl A | 3,840 | 12,716 | ||||||
Zhejiang Weixing New Building Materials, Cl A | 1,600 | 5,818 | ||||||
Zhengzhou Yutong Bus, Cl A | 2,300 | 4,839 | ||||||
Zhuzhou CRRC Times Electric, Cl H * | 9,523 | 38,009 | ||||||
Zoomlion Heavy Industry Science and Technology | 23,200 | 32,141 | ||||||
Zoomlion Heavy Industry Science and Technology, Cl A | 7,500 | 13,694 | ||||||
ZTO Express Cayman ADR * | 6,242 | 200,743 | ||||||
TOTAL CHINA | 2,441,458 | |||||||
SINGAPORE— 1.3% | ||||||||
Industrials — 1.3% | ||||||||
BOC Aviation | 3,620 | 32,672 | ||||||
TOTAL COMMON STOCK | ||||||||
(Cost $1,960,873) | 2,474,130 | |||||||
TOTAL INVESTMENTS — 99.8% | ||||||||
(Cost $1,960,873) | $ | 2,474,130 |
Percentages are based on Net Assets of $2,478,182.
* | Non-income producing security. |
ADR — American Depositary Receipt
Cl — Class
As of April 30, 2021, 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.
For the period ended April 30, 2021, there were no transfers in or out of Level 3.
10
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Consumer Discretionary ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments. Repurchase agreements purchased from cash collateral received for securities lending activity are included in total investments. Please see Note 2 and 7 in Notes to Financial Statements for more detailed information.
Shares | Value | |||||||
COMMON STOCK — 100.0% | ||||||||
CHINA— 100.0% | ||||||||
Consumer Discretionary — 100.0% | ||||||||
Alibaba Group Holding ADR * | 288,574 | $ | 66,646,165 | |||||
ANTA Sports Products | 1,213,396 | 21,793,744 | ||||||
Baozun ADR * | 145,490 | 5,049,958 | ||||||
Bosideng International Holdings | 8,493,000 | 4,319,299 | ||||||
Brilliance China Automotive Holdings (A)(B)(C) | 7,607,900 | 6,632,038 | ||||||
BYD, Cl A | 259,149 | 6,352,974 | ||||||
BYD, Cl H | 788,930 | 16,282,724 | ||||||
Changzhou Xingyu Automotive Lighting Systems, Cl A | 41,430 | 1,245,010 | ||||||
China East Education Holdings | 1,384,800 | 3,234,293 | ||||||
China Education Group Holdings | 2,090,500 | 5,049,380 | ||||||
China Meidong Auto Holdings | 1,417,200 | 7,088,874 | ||||||
China Tourism Group Duty Free, Cl A | 239,250 | 11,539,822 | ||||||
China Yuhua Education | 2,961,400 | 2,810,086 | ||||||
Chongqing Changan Automobile, Cl A | 682,283 | 1,726,711 | ||||||
Dongfeng Motor Group, Cl H | 6,286,346 | 5,463,326 | ||||||
Ecovacs Robotics, Cl A | 74,500 | 1,889,005 | ||||||
FAW Jiefang Group, Cl A | 461,500 | 789,102 | ||||||
Fuyao Glass Industry Group, Cl A | 300,614 | 2,385,542 | ||||||
Fuyao Glass Industry Group, Cl H | 1,273,600 | 7,403,650 | ||||||
Geely Automobile Holdings | 6,307,500 | 16,363,922 | ||||||
GOME Retail Holdings * (D) | 29,354,600 | 4,837,726 | ||||||
Great Wall Motor, Cl A | 334,100 | 1,726,710 |
11
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Consumer Discretionary ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Discretionary — continued | ||||||||
Great Wall Motor, Cl H | 4,652,397 | $ | 11,512,913 | |||||
GSX Techedu ADR * (D) | 140,872 | 4,500,860 | ||||||
Guangdong Xinbao Electrical Appliances Holdings, Cl A | 96,700 | 559,717 | ||||||
Guangzhou Automobile Group, Cl H | 6,486,123 | 5,536,736 | ||||||
Haidilao International Holding | 1,442,600 | 9,351,914 | ||||||
Haier Smart Home, Cl A | 982,419 | 5,031,815 | ||||||
Haier Smart Home, Cl H * | 2,353,160 | 10,179,954 | ||||||
Hangzhou Robam Appliances, Cl A | 148,032 | 878,120 | ||||||
Huayu Automotive Systems, Cl A | 481,980 | 1,946,295 | ||||||
Huazhu Group ADR * | 263,563 | 15,539,675 | ||||||
Jason Furniture Hangzhou, Cl A | 92,700 | 1,150,089 | ||||||
JD Health International * (D) | 461,020 | 7,182,245 | ||||||
JD.com ADR * | 601,057 | 46,497,770 | ||||||
Jiumaojiu International Holdings | 1,266,600 | 5,300,025 | ||||||
Joyoung, Cl A | 116,900 | 574,709 | ||||||
Koolearn Technology Holding * (D) | 625,200 | 1,202,610 | ||||||
Kuang-Chi Technologies, Cl A * | 326,100 | 948,301 | ||||||
Li Auto ADR * (D) | 249,040 | 4,916,050 | ||||||
Li Ning | 2,793,300 | 22,801,421 | ||||||
Liaoning Cheng Da, Cl A | 218,800 | 762,444 | ||||||
Meituan, Cl B * | 1,381,850 | 53,019,088 | ||||||
Midea Group, Cl A | 377,700 | 4,681,288 | ||||||
Minth Group | 1,436,800 | 5,836,477 | ||||||
NavInfo, Cl A * | 363,900 | 800,559 | ||||||
New Oriental Education & Technology Group ADR * | 1,470,122 | 22,434,062 | ||||||
Ningbo Joyson Electronic, Cl A | 205,900 | 577,113 | ||||||
Ningbo Tuopu Group, Cl A | 160,135 | 839,252 | ||||||
NIO ADR ADR * | 987,505 | 39,342,199 | ||||||
Offcn Education Technology, Cl A * | 248,402 | 979,268 | ||||||
Oppein Home Group, Cl A | 58,566 | 1,510,247 | ||||||
Pinduoduo ADR * | 275,478 | 36,894,769 | ||||||
SAIC Motor, Cl A | 1,228,300 | 3,809,271 |
12
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Consumer Discretionary ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Discretionary — continued | ||||||||
Shandong Linglong Tyre, Cl A | 218,434 | $ | 1,876,580 | |||||
Shanghai Jinjiang International Hotels, Cl A | 139,656 | 1,321,349 | ||||||
Shanghai Yuyuan Tourist Mart Group, Cl A | 486,428 | 886,623 | ||||||
Shenzhen MTC, Cl A * | 682,300 | 611,801 | ||||||
Shenzhen Overseas Chinese Town, Cl A | 1,247,500 | 1,795,547 | ||||||
Shenzhou International Group Holdings | 943,692 | 20,752,634 | ||||||
Songcheng Performance Development, Cl A | 399,080 | 1,340,683 | ||||||
Suning.com, Cl A * | 1,416,700 | 1,458,675 | ||||||
Suofeiya Home Collection, Cl A | 60,500 | 272,366 | ||||||
TAL Education Group ADR * | 344,598 | 19,624,856 | ||||||
TCL Technology Group, Cl A | 2,216,105 | 3,083,467 | ||||||
Tongcheng-Elong Holdings * | 2,277,600 | 5,712,438 | ||||||
Topsports International Holdings | 3,133,800 | 4,236,582 | ||||||
Trip.com Group ADR * | 588,561 | 23,000,964 | ||||||
Vipshop Holdings ADR * | 578,305 | 17,794,445 | ||||||
Wangfujing Group, Cl A | 118,000 | 609,123 | ||||||
Weifu High-Technology Group, Cl A | 115,200 | 434,203 | ||||||
Wuchan Zhongda Group, Cl A | 674,900 | 482,045 | ||||||
Xiamen Intretech, Cl A | 105,740 | 665,008 | ||||||
XPeng ADR * | 299,822 | 8,967,676 | ||||||
Yadea Group Holdings | 2,650,900 | 5,802,262 | ||||||
Yum China Holdings | 399,265 | 25,121,754 | ||||||
Zhejiang Semir Garment, Cl A | 299,187 | 541,634 | ||||||
Zhejiang Supor, Cl A | 76,926 | 896,708 | ||||||
Zhongsheng Group Holdings | 1,196,200 | 9,063,696 | ||||||
TOTAL CHINA | 684,080,436 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $632,642,964) | 684,080,436 | |||||||
13
April 30, 2021 (Unaudited) | ||
Global X MSCI China Consumer Discretionary ETF |
Shares/Face Amount | Value | |||||||
SHORT-TERM INVESTMENT(E)(F) — 1.3% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010% | ||||||||
(Cost $9,035,425) | 9,035,425 | $ | 9,035,425 | |||||
REPURCHASE AGREEMENT(E) — 0.6% | ||||||||
BNP Paribas | ||||||||
0.000%, dated 04/30/21, to be repurchased on 05/03/21, repurchase price $4,367,672 (collateralized by U.S. Treasury Obligations, ranging in par value $106,711 - $626,925, 1.500%, 02/15/2030, with a total market value of $4,456,236) | ||||||||
(Cost $4,367,672) | $ | 4,367,672 | 4,367,672 | |||||
TOTAL INVESTMENTS — 101.8% | ||||||||
(Cost $646,046,061) | $ | 697,483,533 |
Percentages are based on Net Assets of $684,426,187.
* | Non-income producing security. |
(A) | Level 3 security in accordance with fair value hierarchy. |
(B) | Security considered illiquid. The total value of such securities as of April 30, 2021 was $6,632,038 and represented 1.0% of Net Assets. |
(C) | Security is fair valued using methods determined in good faith by the Fair Value Committee of the Fund. The total value of such securities as of April 30, 2021 was $6,632,038 and represents 1.0% of Net Assets. |
(D) | This security or a partial position of this security is on loan at April 30, 2021. The total value of securities on loan at April 30, 2021 was $12,798,481. |
(E) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2021 was $13,403,097. |
(F) | The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2021. |
ADR — American Depositary Receipt
Cl — Class
14
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Consumer Discretionary ETF |
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3(1) | Total | ||||||||||||
Common Stock | $ | 677,448,398 | $ | — | $ | 6,632,038 | $ | 684,080,436 | ||||||||
Short-Term Investment | 9,035,425 | — | — | 9,035,425 | ||||||||||||
Repurchase Agreement | — | 4,367,672 | — | 4,367,672 | ||||||||||||
Total Investments in Securities | $ | 686,483,823 | $ | 4,367,672 | $ | 6,632,038 | $ | 697,483,533 |
(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 beginning and/or end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets. |
For the period ended April 30, 2021, the transfers in and out of Level 3 were due to changes in the availability of observable inputs to determine fair value.
Amounts designated as “—“ are $0 or have been rounded to $0.
15
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Consumer Staples ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 99.9% | ||||||||
CHINA— 98.9% | ||||||||
Consumer Staples — 98.9% | ||||||||
Angel Yeast, Cl A | 9,954 | $ | 90,363 | |||||
Anhui Gujing Distillery, Cl A | 4,426 | 155,552 | ||||||
Anhui Gujing Distillery, Cl B | 18,500 | 248,363 | ||||||
Anhui Kouzi Distillery, Cl A | 6,800 | 65,431 | ||||||
Beijing Dabeinong Technology Group, Cl A | 101,000 | 127,258 | ||||||
Beijing Shunxin Agriculture, Cl A | 8,830 | 67,778 | ||||||
Beijing Yanjing Brewery, Cl A | 34,400 | 39,302 | ||||||
By-health, Cl A | 18,100 | 91,502 | ||||||
C&S Paper, Cl A | 14,000 | 66,750 | ||||||
Chacha Food, Cl A | 5,200 | 43,371 | ||||||
China Feihe | 198,700 | 566,665 | ||||||
China Mengniu Dairy | 358,100 | 1,918,017 | ||||||
China Resources Beer Holdings | 236,000 | 1,906,692 | ||||||
Chongqing Brewery, Cl A * | 5,672 | 138,004 | ||||||
Chongqing Fuling Zhacai Group, Cl A * | 9,500 | 58,674 | ||||||
Dali Foods Group | 479,800 | 285,402 | ||||||
DaShenLin Pharmaceutical Group, Cl A | 4,000 | 46,763 | ||||||
Foshan Haitian Flavouring & Food, Cl A | 28,443 | 745,335 | ||||||
Fu Jian Anjoy Foods, Cl A | 1,300 | 50,647 | ||||||
Fujian Sunner Development, Cl A | 12,600 | 51,504 | ||||||
Guangdong Haid Group, Cl A | 17,991 | 231,968 | ||||||
Heilongjiang Agriculture, Cl A | 21,500 | 50,357 | ||||||
Henan Shuanghui Investment & Development, Cl A | 41,440 | 234,737 | ||||||
Hengan International Group | 116,800 | 757,178 | ||||||
Inner Mongolia Yili Industrial Group, Cl A | 72,629 | 459,802 | ||||||
Jiangsu King’s Luck Brewery JSC, Cl A | 14,400 | 118,947 |
16
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Consumer Staples ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Staples — continued | ||||||||
Jiangsu Yanghe Brewery Joint-Stock, Cl A | 17,294 | $ | 514,675 | |||||
Jiangxi Zhengbang Technology, Cl A | 34,700 | 79,020 | ||||||
JiuGui Liquor, Cl A | 1,750 | 53,763 | ||||||
Jonjee Hi-Tech Industrial And Commercial Holding, Cl A | 9,400 | 67,837 | ||||||
Juewei Food, Cl A | 7,600 | 101,410 | ||||||
Kweichow Moutai, Cl A | 5,676 | 1,760,956 | ||||||
Laobaixing Pharmacy Chain JSC, Cl A | 4,860 | 40,310 | ||||||
Luzhou Laojiao, Cl A | 15,897 | 628,129 | ||||||
Muyuan Foods, Cl A | 40,760 | 712,757 | ||||||
New Hope Liuhe, Cl A * | 62,000 | 159,305 | ||||||
Nongfu Spring, Cl H | 40,800 | 216,165 | ||||||
Proya Cosmetics, Cl A | 1,950 | 55,093 | ||||||
Qianhe Condiment and Food, Cl A | 5,600 | 28,483 | ||||||
RLX Technology ADR * | 17,095 | 186,165 | ||||||
Sanquan Food, Cl A | 7,600 | 23,382 | ||||||
Shanghai Bairun Investment Holding Group, Cl A | 2,900 | 55,827 | ||||||
Shanghai Jahwa United, Cl A | 8,100 | 73,883 | ||||||
Shanxi Xinghuacun Fen Wine Factory, Cl A | 9,799 | 621,494 | ||||||
Sichuan Swellfun, Cl A | 6,068 | 95,968 | ||||||
Smoore International Holdings | 93,500 | 662,710 | ||||||
Sun Art Retail Group * | 357,000 | 329,107 | ||||||
Tingyi Cayman Islands Holding | 339,900 | 611,806 | ||||||
Toly Bread, Cl A | 6,500 | 49,491 | ||||||
Tongwei, Cl A | 54,200 | 295,201 | ||||||
Tsingtao Brewery, Cl A | 8,100 | 113,967 | ||||||
Tsingtao Brewery, Cl H | 82,000 | 744,317 | ||||||
Uni-President China Holdings | 295,200 | 359,553 | ||||||
Want Want China Holdings | 909,400 | 659,202 | ||||||
Wens Foodstuffs Group | 81,244 | 180,742 | ||||||
Wuliangye Yibin, Cl A | 37,798 | 1,665,406 | ||||||
Yifeng Pharmacy Chain, Cl A | 6,362 | 88,373 |
17
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Consumer Staples ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Staples — continued | ||||||||
Yihai International Holding | 78,640 | $ | 766,469 | |||||
Yihai Kerry Arawana Holdings, Cl A | 9,500 | 115,410 | ||||||
Yonghui Superstores, Cl A | 154,500 | 133,042 | ||||||
Yuan Longping High-tech Agriculture, Cl A * | 15,800 | 41,281 | ||||||
TOTAL CHINA | 20,907,061 | |||||||
HONG KONG— 1.0% | ||||||||
Consumer Staples — 1.0% | ||||||||
Vinda International Holdings | 62,100 | 221,076 | ||||||
TOTAL COMMON STOCK | ||||||||
(Cost $16,759,134) | 21,128,137 | |||||||
TOTAL INVESTMENTS — 99.9% | ||||||||
(Cost $16,759,134) | $ | 21,128,137 |
Percentages are based on Net Assets of $21,140,800.
* | Non-income producing security. |
ADR — American Depositary Receipt
Cl — Class
As of April 30, 2021, 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.
For the period ended April 30, 2021, there have been no transfers in or out of Level 3.
18
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Health Care ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 99.9% | ||||||||
CHINA— 92.9% | ||||||||
Health Care — 92.9% | ||||||||
3SBio * | 193,700 | $ | 183,553 | |||||
Aier Eye Hospital Group, Cl A | 32,299 | 371,908 | ||||||
AK Medical Holdings | 39,200 | 61,070 | ||||||
Alibaba Health Information Technology * | 451,100 | 1,376,500 | ||||||
Apeloa Pharmaceutical, Cl A | 7,200 | 34,618 | ||||||
Asymchem Laboratories Tianjin, Cl A | 1,913 | 97,271 | ||||||
Autobio Diagnostics, Cl A | 2,140 | 40,422 | ||||||
BeiGene ADR * | 4,692 | 1,611,891 | ||||||
Beijing Tiantan Biological Products, Cl A | 9,500 | 52,990 | ||||||
Betta Pharmaceuticals, Cl A | 3,120 | 51,611 | ||||||
BGI Genomics, Cl A | 2,683 | 53,603 | ||||||
CanSino Biologics, Cl H * | 8,100 | 405,686 | ||||||
Changchun High & New Technology Industry Group, Cl A | 2,878 | 221,400 | ||||||
Chengdu Kanghong Pharmaceutical Group, Cl A | 4,500 | 15,020 | ||||||
China Medical System Holdings | 193,800 | 449,140 | ||||||
China National Accord Medicines, Cl A | 3,000 | 19,387 | ||||||
China National Medicines, Cl A | 4,500 | 25,650 | ||||||
China Resources Pharmaceutical Group | 266,900 | 180,411 | ||||||
China Resources Sanjiu Medical & Pharmaceutical, Cl A | 7,100 | 27,430 | ||||||
China Traditional Chinese Medicine Holdings * | 417,400 | 238,611 | ||||||
Chongqing Zhifei Biological Products, Cl A | 11,183 | 389,776 | ||||||
CSPC Pharmaceutical Group | 1,008,208 | 1,248,763 | ||||||
Da An Gene of Sun Yat-Sen University, Cl A | 5,200 | 26,955 | ||||||
Dong-E-E-Jiao, Cl E | 9,600 | 52,762 |
19
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Health Care ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — continued | ||||||||
Genscript Biotech * | 147,600 | $ | 342,069 | |||||
Guangzhou Baiyunshan Pharmaceutical Holdings, Cl A | 20,059 | 95,018 | ||||||
Guangzhou Kingmed Diagnostics Group, Cl A | 3,150 | 70,258 | ||||||
Guangzhou Wondfo Biotech, Cl A | 2,300 | 36,066 | ||||||
Hangzhou Tigermed Consulting, Cl A | 5,566 | 134,676 | ||||||
Hangzhou Tigermed Consulting, Cl H | 12,520 | 245,988 | ||||||
Hansoh Pharmaceutical Group | 138,100 | 596,542 | ||||||
Huadong Medicine, Cl A | 22,011 | 179,127 | ||||||
Hualan Biological Engineering, Cl A | 15,270 | 99,339 | ||||||
Hubei Jumpcan Pharmaceutical, Cl A | 5,300 | 15,798 | ||||||
Humanwell Healthcare Group, Cl A | 10,300 | 52,421 | ||||||
Innovent Biologics * | 113,100 | 1,229,023 | ||||||
Intco Medical Technology, Cl A | 2,050 | 54,052 | ||||||
Jafron Biomedical, Cl A | 5,900 | 88,021 | ||||||
Jiangsu Hengrui Medicine, Cl A | 38,227 | 497,019 | ||||||
Jiangsu Yuyue Medical Equipment & Supply, Cl A | 6,200 | 30,481 | ||||||
Jilin Aodong Pharmaceutical Group, Cl A | 7,800 | 18,353 | ||||||
Jinxin Fertility Group * | 139,500 | 359,219 | ||||||
Jinyu Bio-Technology, Cl A | 7,900 | 26,649 | ||||||
Joincare Pharmaceutical Group Industry, Cl A | 12,300 | 27,953 | ||||||
Jointown Pharmaceutical Group, Cl A | 26,670 | 69,887 | ||||||
Lepu Medical Technology Beijing, Cl A | 15,101 | 74,917 | ||||||
Livzon Pharmaceutical Group, Cl A | 3,700 | 26,885 | ||||||
Maccura Biotechnology, Cl A | 3,700 | 27,194 | ||||||
Meinian Onehealth Healthcare Holdings, Cl A * | 53,620 | 101,962 | ||||||
Microport Scientific | 74,200 | 535,947 | ||||||
Nanjing King-Friend Biochemical Pharmaceutical, Cl A | 5,020 | 35,739 | ||||||
Ovctek China, Cl A | 3,832 | 68,816 | ||||||
Pharmaron Beijing, Cl H | 12,950 | 268,609 | ||||||
Ping An Healthcare and Technology * | 59,200 | 693,614 |
20
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Health Care ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — continued | ||||||||
Shandong Buchang Pharmaceuticals, Cl A | 16,687 | $ | 58,922 | |||||
Shandong Pharmaceutical Glass | 4,000 | 25,329 | ||||||
Shandong Weigao Group Medical Polymer, Cl H | 289,000 | 648,189 | ||||||
Shanghai Fosun Pharmaceutical Group, Cl A | 16,974 | 158,080 | ||||||
Shanghai Fosun Pharmaceutical Group, Cl H | 68,800 | 437,150 | ||||||
Shanghai Pharmaceuticals Holding, Cl A | 14,800 | 51,207 | ||||||
Shanghai Pharmaceuticals Holding, Cl H | 111,700 | 254,267 | ||||||
Shanghai RAAS Blood Products, Cl A | 34,300 | 42,369 | ||||||
Shenzhen Hepalink Pharmaceutical Group, Cl A | 7,800 | 19,535 | ||||||
Shenzhen Kangtai Biological Products, Cl A | 5,393 | 150,659 | ||||||
Shenzhen Mindray Bio-Medical Electronics, Cl A | 7,561 | 545,127 | ||||||
Shenzhen Salubris Pharmaceuticals, Cl A * | 12,300 | 69,578 | ||||||
Shijiazhuang Yiling Pharmaceutical, Cl A | 10,591 | 45,928 | ||||||
Sichuan Kelun Pharmaceutical, Cl A | 20,300 | 68,197 | ||||||
Sinopharm Group, Cl H | 163,700 | 507,950 | ||||||
Tianjin Chase Sun Pharmaceutical, Cl A | 21,400 | 14,458 | ||||||
Tonghua Dongbao Pharmaceutical, Cl A | 29,705 | 60,849 | ||||||
Topchoice Medical, Cl A * | 2,330 | 112,820 | ||||||
Walvax Biotechnology, Cl A | 12,300 | 118,848 | ||||||
Winning Health Technology Group, Cl A | 15,670 | 36,702 | ||||||
WuXi AppTec, Cl A | 17,220 | 422,623 | ||||||
WuXi AppTec, Cl H | 33,180 | 784,767 | ||||||
Wuxi Biologics Cayman * | 141,980 | 2,001,688 | ||||||
Yifan Pharmaceutical, Cl A | 9,500 | 26,275 | ||||||
Yunnan Baiyao Group, Cl A | 11,510 | 191,378 | ||||||
Zai Lab ADR * | 8,357 | 1,389,018 | ||||||
Zhangzhou Pientzehuang Pharmaceutical, Cl A | 5,676 | 297,746 | ||||||
Zhejiang Huahai Pharmaceutical, Cl A | 10,610 | 35,627 | ||||||
Zhejiang NHU, Cl A | 17,400 | 105,207 | ||||||
Zhejiang Wolwo Bio-Pharmaceutical, Cl A | 4,123 | 46,767 |
21
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Health Care ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
TOTAL CHINA | $ | 22,065,330 | ||||||
HONG KONG— 7.0% | ||||||||
Health Care — 7.0% | ||||||||
Hutchison China MediTech ADR * | 9,456 | 267,510 | ||||||
Sino Biopharmaceutical | 1,161,300 | 1,251,482 | ||||||
SSY Group | 248,700 | 153,379 | ||||||
TOTAL HONG KONG | 1,672,371 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $20,189,736) | 23,737,701 | |||||||
TOTAL INVESTMENTS — 99.9% | ||||||||
(Cost $20,189,736) | $ | 23,737,701 |
Percentages are based on Net Assets of $23,759,492.
* | Non-income producing security. |
ADR — American Depositary Receipt
Cl — Class
As of April 30, 2021, 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.
For the period ended April 30, 2021, there were no transfers in or out of Level 3.
22
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Financials ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 99.9% | ||||||||
CHINA— 99.9% | ||||||||
Financials — 99.9% | ||||||||
Agricultural Bank of China, Cl A | 858,200 | $ | 424,566 | |||||
Agricultural Bank of China, Cl H | 5,686,088 | 2,210,933 | ||||||
Avic Capital, Cl A * | 186,400 | 111,811 | ||||||
Bank of Beijing, Cl A | 293,500 | 215,984 | ||||||
Bank of Chengdu, Cl A | 87,500 | 161,382 | ||||||
Bank of China Ltd., Cl A | 468,800 | 235,547 | ||||||
Bank of China Ltd., Cl H | 14,443,234 | 5,746,164 | ||||||
Bank of Communications, Cl A | 481,300 | 357,905 | ||||||
Bank of Communications, Cl H | 2,199,071 | 1,407,183 | ||||||
Bank of Hangzhou, Cl A | 105,245 | 269,118 | ||||||
Bank of Jiangsu, Cl A | 231,030 | 252,519 | ||||||
Bank of Nanjing, Cl A | 144,884 | 205,398 | ||||||
Bank of Ningbo, Cl A | 76,800 | 501,405 | ||||||
Bank of Shanghai, Cl A | 186,798 | 236,228 | ||||||
Caitong Securities, Cl A | 76,300 | 117,841 | ||||||
Changjiang Securities, Cl A | 110,600 | 123,794 | ||||||
China Bohai Bank, Cl H | 526,100 | 237,755 | ||||||
China Cinda Asset Management, Cl H | 3,383,600 | 666,539 | ||||||
China CITIC Bank Corp Ltd., Cl H | 2,343,322 | 1,227,952 | ||||||
China Construction Bank, Cl A | 17,100 | 17,792 | ||||||
China Construction Bank, Cl H | 8,192,026 | 6,486,666 | ||||||
China Everbright | 405,300 | 485,305 | ||||||
China Everbright Bank, Cl A | 498,600 | 291,374 | ||||||
China Everbright Bank, Cl H | 1,486,200 | 621,893 | ||||||
China Galaxy Securities, Cl A | 82,600 | 127,443 | ||||||
China Galaxy Securities, Cl H | 1,209,400 | 720,951 | ||||||
China Great Wall Securities, Cl A | 51,000 | 79,397 |
23
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Financials ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — continued | ||||||||
China Huarong Asset Management, Cl H (A)(B)(C) | 3,326,000 | $ | 386,778 | |||||
China International Capital, Cl A | 12,000 | 92,630 | ||||||
China International Capital, Cl H | 375,800 | 944,478 | ||||||
China Life Insurance, Cl A | 40,202 | 205,536 | ||||||
China Life Insurance, Cl H | 1,270,740 | 2,588,322 | ||||||
China Merchants Bank, Cl A | 166,929 | 1,360,031 | ||||||
China Merchants Bank, Cl H | 614,634 | 4,957,843 | ||||||
China Merchants Securities, Cl A | 99,330 | 287,470 | ||||||
China Minsheng Banking, Cl A | 433,800 | 315,206 | ||||||
China Minsheng Banking, Cl H | 1,616,526 | 830,445 | ||||||
China Pacific Insurance Group, Cl A | 80,900 | 411,357 | ||||||
China Pacific Insurance Group, Cl H | 578,312 | 2,092,298 | ||||||
China Taiping Insurance Holdings | 482,930 | 897,856 | ||||||
China Zheshang Bank, Cl A | 263,200 | 160,727 | ||||||
Chongqing Rural Commercial Bank, Cl A | 180,400 | 115,742 | ||||||
Chongqing Rural Commercial Bank, Cl H | 1,299,400 | 552,093 | ||||||
CITIC Securities, Cl A | 123,300 | 454,630 | ||||||
CITIC Securities, Cl H | 534,196 | 1,288,918 | ||||||
CSC Financial, Cl A | 38,900 | 172,058 | ||||||
Dongxing Securities, Cl A | 58,800 | 93,722 | ||||||
East Money Information, Cl A | 100,540 | 501,118 | ||||||
Everbright Securities, Cl A | 78,557 | 182,051 | ||||||
Far East Horizon | 705,600 | 808,544 | ||||||
First Capital Securities, Cl A | 131,900 | 133,157 | ||||||
Founder Securities, Cl A | 134,200 | 191,082 | ||||||
GF Securities Ltd., Cl A | 85,100 | 195,372 | ||||||
GF Securities Ltd., Cl H | 483,700 | 701,245 | ||||||
Guangzhou Yuexiu Financial Holdings Group, Cl A | 45,500 | 90,671 | ||||||
Guolian Securities, Cl A | 41,500 | 89,052 | ||||||
Guosen Securities, Cl A | 80,245 | 130,261 | ||||||
Guotai Junan Securities, Cl A | 96,744 | 247,680 |
24
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Financials ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — continued | ||||||||
Guoyuan Securities, Cl A | 98,220 | $ | 116,619 | |||||
Haitong Securities Ltd., Cl A | 133,600 | 228,644 | ||||||
Haitong Securities Ltd., Cl H | 870,800 | 779,217 | ||||||
Hithink RoyalFlush Information Network, Cl A | 7,920 | 132,972 | ||||||
Huaan Securities Ltd., Cl A | 97,100 | 91,420 | ||||||
Huatai Securities Ltd., Cl A | 94,700 | 233,077 | ||||||
Huatai Securities Ltd., Cl H | 465,100 | 664,698 | ||||||
Huaxi Securities, Cl A | 75,400 | 108,874 | ||||||
Huaxia Bank, Cl A | 186,100 | 179,530 | ||||||
Hubei Biocause Pharmaceutical, Cl A | 155,900 | 92,070 | ||||||
Industrial & Commercial Bank of China, Cl A | 291,300 | 231,028 | ||||||
Industrial & Commercial Bank of China, Cl H | 9,849,137 | 6,416,582 | ||||||
Industrial Bank, Cl A | 239,400 | 804,619 | ||||||
Industrial Securities, Cl A | 126,300 | 177,490 | ||||||
Jiangsu Changshu Rural Commercial Bank, Cl A | 83,500 | 89,588 | ||||||
Lufax Holding ADR * | 31,951 | 380,217 | ||||||
Nanjing Securities, Cl A | 76,800 | 116,476 | ||||||
New China Life Insurance C, Cl A | 31,817 | 239,106 | ||||||
New China Life Insurance C, Cl H | 228,511 | 881,169 | ||||||
Noah Holdings ADR * | 15,142 | 667,005 | ||||||
Northeast Securities, Cl A | 74,700 | 94,929 | ||||||
Oceanwide Holdings, Cl A * | 171,600 | 72,955 | ||||||
Orient Securities, Cl A | 97,600 | 132,933 | ||||||
Pacific Securities, Cl A * | 183,600 | 105,306 | ||||||
People’s Insurance Group of China, Cl A | 121,900 | 114,204 | ||||||
People’s Insurance Group of China, Cl H | 2,570,300 | 880,279 | ||||||
PICC Property & Casualty, Cl H | 1,563,163 | 1,535,620 | ||||||
Ping An Bank, Cl A | 6,100 | 21,964 | ||||||
Ping An Insurance Group of China, Cl A | 1,600 | 17,934 | ||||||
Ping An Insurance Group of China, Cl H | 571,014 | 6,245,471 | ||||||
Postal Savings Bank of China, Cl A | 327,800 | 257,949 |
25
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Financials ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — continued | ||||||||
Postal Savings Bank of China, Cl H | 2,076,300 | $ | 1,352,682 | |||||
Qingdao Rural Commercial Bank, Cl A | 142,100 | 94,245 | ||||||
SDIC Capital, Cl A | 76,400 | 152,957 | ||||||
Sealand Securities, Cl A | 141,610 | 92,169 | ||||||
Shanghai Pudong Development Bank, Cl A | 345,914 | 537,453 | ||||||
Shanxi Securities, Cl A | 99,340 | 102,744 | ||||||
Shenwan Hongyuan Group, Cl A | 311,500 | 217,672 | ||||||
Sinolink Securities, Cl A | 78,300 | 146,351 | ||||||
SooChow Securities, Cl A | 94,480 | 115,684 | ||||||
Southwest Securities, Cl A | 175,300 | 121,955 | ||||||
Tianfeng Securities, Cl A | 133,800 | 97,428 | ||||||
Western Securities, Cl A | 96,500 | 125,765 | ||||||
Zheshang Securities, Cl A * | 60,800 | 106,968 | ||||||
ZhongAn Online P&C Insurance, Cl H * | 124,200 | 735,588 | ||||||
TOTAL CHINA | 71,128,824 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $73,157,505) | 71,128,824 | |||||||
TOTAL INVESTMENTS — 99.9% | ||||||||
(Cost $73,157,505) | $ | 71,128,824 |
Percentages are based on Net Assets of $71,170,992.
* | Non-income producing security. |
(A) | Level 3 security in accordance with fair value hierarchy. |
(B) | Security considered illiquid. The total value of such securities as of April 30, 2021 was $386,778 and represented 0.5% of Net Assets. |
(C) | Security is fair valued using methods determined in good faith by the Fair Value Committee of the Fund. The total value of such securities as of April 30, 2021 was $386,778 and represents 0.5% of Net Assets. |
ADR — American Depositary Receipt
Cl — Class
Ltd. — Limited
26
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Financials ETF |
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3(1) | Total | ||||||||||||
Common Stock | $ | 70,742,046 | $ | — | $ | 386,778 | $ | 71,128,824 | ||||||||
Total Investments in Securities | $ | 70,742,046 | $ | — | $ | 386,778 | $ | 71,128,824 |
(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 beginning and/or end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets. |
For the period ended April 30, 2021, the transfers in and out of Level 3 were due to changes in the availability of observable inputs to determine fair value.
Amounts designated as “—“ are $0 or have been rounded to $0.
27
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Information Technology ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 99.9% | ||||||||
CHINA— 94.8% | ||||||||
Information Technology — 94.8% | ||||||||
21Vianet Group ADR * | 17,550 | $ | 489,821 | |||||
360 Security Technology, Cl A * | 62,959 | 122,738 | ||||||
AAC Technologies Holdings | 203,800 | 1,134,869 | ||||||
Accelink Technologies, Cl A | 7,700 | 26,463 | ||||||
Addsino, Cl A | 20,500 | 53,878 | ||||||
AVIC Jonhon Optronic Technology, Cl A | 14,700 | 154,946 | ||||||
Beijing BDStar Navigation, Cl A * | 5,100 | 32,027 | ||||||
Beijing E-Hualu Information Technology, Cl A * | 7,140 | 27,143 | ||||||
Beijing Shiji Information Technology, Cl A | 24,800 | 109,462 | ||||||
Beijing Sinnet Technology, Cl A | 18,100 | 39,455 | ||||||
Beijing Thunisoft, Cl A | 8,500 | 23,522 | ||||||
BOE Technology Group, Cl A | 604,200 | 684,686 | ||||||
BYD Electronic International | 183,600 | 977,470 | ||||||
Chaozhou Three-Circle Group, Cl A | 40,089 | 268,361 | ||||||
China Greatwall Technology Group, Cl A | 38,000 | 69,381 | ||||||
China National Software & Service, Cl A | 6,400 | 45,692 | ||||||
China TransInfo Technology, Cl A | 18,800 | 43,510 | ||||||
Daqo New Energy ADR * | 10,756 | 865,750 | ||||||
DHC Software, Cl A | 84,200 | 88,908 | ||||||
Fiberhome Telecommunication Technologies, Cl A | 13,600 | 37,530 | ||||||
Foxconn Industrial Internet, Cl A | 89,550 | 190,498 | ||||||
GCL System Integration Technology, Cl A * | 97,700 | 46,974 | ||||||
GDS Holdings ADR * | 21,228 | 1,761,288 | ||||||
Gigadevice Semiconductor Beijing, Cl A | 6,424 | 191,905 | ||||||
GoerTek, Cl A | 87,700 | 511,149 | ||||||
GRG Banking Equipment, Cl A | 30,100 | 60,122 |
28
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Information Technology ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — continued | ||||||||
Guangzhou Haige Communications Group, Cl A | 60,800 | $ | 93,338 | |||||
Guangzhou Shiyuan Electronic Technology, Cl A | 9,100 | 187,561 | ||||||
Hangzhou First Applied Material, Cl A | 8,400 | 118,773 | ||||||
Hangzhou Silan Microelectronics, Cl A | 15,000 | 83,507 | ||||||
Hengtong Optic-electric, Cl A | 63,600 | 113,762 | ||||||
Hua Hong Semiconductor * | 151,200 | 945,140 | ||||||
Huagong Tech, Cl A | 11,600 | 36,190 | ||||||
Hundsun Technologies, Cl A | 28,281 | 401,763 | ||||||
Iflytek | 49,550 | 390,449 | ||||||
Ingenic Semiconductor, Cl A | 4,500 | 49,047 | ||||||
Inspur Electronic Information Industry, Cl A | 18,652 | 77,885 | ||||||
JA Solar Technology, Cl A | 13,200 | 53,160 | ||||||
JCET Group, Cl A | 19,700 | 112,078 | ||||||
Kingboard Holdings | 203,500 | 1,205,251 | ||||||
Kingdee International Software Group * | 566,700 | 1,875,173 | ||||||
Kingsoft | 202,000 | 1,430,438 | ||||||
Kingsoft Cloud Holdings ADR * | 12,350 | 542,412 | ||||||
Lakala Payment, Cl A | 9,400 | 47,462 | ||||||
Lenovo Group | 1,727,900 | 2,375,992 | ||||||
Lens Technology, Cl A | 92,000 | 371,650 | ||||||
Leyard Optoelectronic, Cl A | 32,600 | 36,136 | ||||||
Lingyi iTech Guangdong, Cl A | 85,897 | 109,424 | ||||||
LONGi Green Energy Technology, Cl A | 63,155 | 970,511 | ||||||
Luxshare Precision Industry, Cl A | 125,852 | 719,115 | ||||||
Maxscend Microelectronics, Cl A | 3,339 | 220,533 | ||||||
Ming Yuan Cloud Group Holdings * | 80,200 | 372,766 | ||||||
NAURA Technology Group, Cl A | 6,608 | 169,196 | ||||||
Ninestar, Cl A | 27,970 | 109,746 | ||||||
OFILM Group, Cl A | 75,300 | 98,718 | ||||||
Sanan Optoelectronics, Cl A | 109,900 | 426,460 | ||||||
Sangfor Technologies, Cl A | 5,410 | 228,742 |
29
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Information Technology ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — continued | ||||||||
SG Micro, Cl A | 1,900 | $ | 77,047 | |||||
Shanghai Baosight Software, Cl A | 11,100 | 108,797 | ||||||
Shengyi Technology, Cl A | 30,200 | 108,925 | ||||||
Shennan Circuits, Cl A | 6,582 | 80,775 | ||||||
Shenzhen Goodix Technology, Cl A | 5,750 | 101,162 | ||||||
Shenzhen Kaifa Technology, Cl A | 16,700 | 44,588 | ||||||
Shenzhen SC New Energy Technology, Cl A | 3,600 | 61,477 | ||||||
Shenzhen Sunway Communication, Cl A | 11,800 | 51,280 | ||||||
Sunny Optical Technology Group | 139,780 | 3,408,631 | ||||||
Suzhou Dongshan Precision Manufacturing, Cl A | 40,300 | 108,657 | ||||||
Thunder Software Technology, Cl A | 5,200 | 108,006 | ||||||
Tianjin 712 Communication & Broadcasting, Cl A | 9,300 | 44,370 | ||||||
Tianjin Zhonghuan Semiconductor, Cl A | 40,300 | 172,144 | ||||||
Tianma Microelectronics, Cl A | 67,900 | 145,912 | ||||||
Tianshui Huatian Technology, Cl A | 33,300 | 65,896 | ||||||
TongFu Microelectronics, Cl A | 15,500 | 51,209 | ||||||
Travelsky Technology, Cl H | 319,200 | 701,127 | ||||||
Unigroup Guoxin Microelectronics, Cl A | 8,100 | 146,651 | ||||||
Unisplendour, Cl A | 38,113 | 107,651 | ||||||
Universal Scientific Industrial Shanghai, Cl A | 16,700 | 41,825 | ||||||
Visionox Technology, Cl A * | 15,700 | 22,816 | ||||||
Wangsu Science & Technology, Cl A | 61,800 | 53,026 | ||||||
Weimob * | 328,300 | 725,343 | ||||||
Will Semiconductor Shanghai, Cl A | 11,819 | 552,748 | ||||||
Wingtech Technology, Cl A | 16,540 | 218,118 | ||||||
Wuhan Guide Infrared, Cl A | 20,970 | 113,046 | ||||||
Wuhu Token Science, Cl A | 27,400 | 32,024 | ||||||
WUS Printed Circuit Kunshan, Cl A | 20,800 | 46,563 | ||||||
Wuxi Lead Intelligent Equipment, Cl A | 21,070 | 287,954 | ||||||
Wuxi Taiji Industry, Cl A | 23,200 | 27,869 | ||||||
Xiaomi, Cl B * | 1,121,500 | 3,552,136 |
30
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Information Technology ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — continued | ||||||||
Xinyi Solar Holdings | 997,000 | $ | 1,668,758 | |||||
Yealink Network Technology, Cl A | 10,100 | 109,317 | ||||||
Yonyou Network Technology, Cl A | 63,156 | 324,160 | ||||||
Zhejiang Dahua Technology, Cl A | 83,093 | 301,369 | ||||||
Zhejiang Jingsheng Mechanical & Electrical, Cl A | 16,900 | 101,060 | ||||||
Zhongji Innolight, Cl A | 8,900 | 47,071 | ||||||
ZTE, Cl A | 72,431 | 324,175 | ||||||
ZTE, Cl H | 241,400 | 604,211 | ||||||
TOTAL CHINA | 36,877,820 | |||||||
HONG KONG— 5.1% | ||||||||
Information Technology — 5.1% | ||||||||
China Youzan * | 3,164,100 | 1,022,537 | ||||||
Kingboard Laminates Holdings | 387,800 | 969,644 | ||||||
TOTAL HONG KONG | 1,992,181 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $34,313,519) | 38,870,001 | |||||||
TOTAL INVESTMENTS — 99.9% | ||||||||
(Cost $34,313,519) | $ | 38,870,001 |
Percentages are based on Net Assets of $38,896,784.
* | Non-income producing security. |
ADR — American Depositary Receipt
Cl — Class
As of April 30, 2021, 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.
For the period ended April 30, 2021, there were no transfers in or out of Level 3.
31
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Communication Services ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments. Repurchase agreements purchased from cash collateral received for securities lending activity are included in total investments. Please see Note 2 and 7 in Notes to Financial Statements for more detailed information.
Shares | Value | |||||||
COMMON STOCK — 99.9% | ||||||||
CHINA— 96.9% | ||||||||
Communication Services — 96.9% | ||||||||
Autohome ADR | 6,490 | $ | 601,818 | |||||
Baidu ADR * | 5,840 | 1,228,327 | ||||||
Beijing Enlight Media, Cl A | 259,900 | 522,745 | ||||||
Beijing Kunlun Tech, Cl A | 103,800 | 297,679 | ||||||
Bilibili ADR * | 10,933 | 1,212,032 | ||||||
China Film, Cl A * | 137,681 | 300,975 | ||||||
China Literature * | 200 | 2,086 | ||||||
China South Publishing & Media Group, Cl A | 158,872 | 250,772 | ||||||
China Tower, Cl H | 5,069,700 | 731,064 | ||||||
DouYu International Holdings ADR * | 32,558 | 296,603 | ||||||
Focus Media Information Technology, Cl A | 341,700 | 569,469 | ||||||
G-bits Network Technology Xiamen, Cl A | 6,364 | 450,611 | ||||||
Giant Network Group, Cl A | 149,300 | 316,218 | ||||||
HUYA ADR * (A) | 19,155 | 337,511 | ||||||
iQIYI ADR * | 30,414 | 447,390 | ||||||
JOYY ADR | 6,410 | 609,335 | ||||||
Kuaishou Technology, Cl B * | 16,500 | 558,721 | ||||||
Leo Group, Cl A | 597,700 | 227,313 | ||||||
Mango Excellent Media, Cl A | 49,320 | 518,869 | ||||||
Momo ADR * | 32,713 | 479,572 | ||||||
NanJi E-Commerce, Cl A | 217,300 | 271,442 | ||||||
NetEase ADR | 15,005 | 1,681,460 |
32
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Communication Services ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Communication Services — continued | ||||||||
Oriental Pearl Group, Cl A | 302,500 | $ | 411,543 | |||||
Perfect World, Cl A | 159,110 | 524,189 | ||||||
Tencent Holdings | 19,715 | 1,581,393 | ||||||
Tencent Music Entertainment Group ADR * | 217 | 3,780 | ||||||
Weibo ADR * | 10,939 | 551,326 | ||||||
Wuhu Sanqi Interactive Entertainment Network Technology Group, Cl A | 129,851 | 442,851 | ||||||
Zhejiang Century Huatong Group, Cl A * | 609,120 | 624,343 | ||||||
16,051,437 | ||||||||
Information Technology — 0.0% | ||||||||
National Agricultural Holdings *(B)(C)(D) | 204,200 | 3 | ||||||
TOTAL CHINA | 16,051,440 | |||||||
HONG KONG— 3.0% | ||||||||
Communication Services — 3.0% | ||||||||
Alibaba Pictures Group * | 3,419,300 | 497,474 | ||||||
TOTAL COMMON STOCK | ||||||||
(Cost $14,446,439) | 16,548,914 | |||||||
SHORT-TERM INVESTMENT(E)(F) — 0.6% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010% | ||||||||
(Cost $96,384) | 96,384 | 96,384 | ||||||
33
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Communication Services ETF |
Face Amount | Value | ||||||||
REPURCHASE AGREEMENT(E) — 1.0% | |||||||||
BNP Paribas | |||||||||
0.000%, dated 04/30/21, to be repurchased on 05/03/21, repurchase price $170,322 (collateralized by U.S. Treasury Obligations, ranging in par value $4,161 - $24,448, 1.500%, 02/15/2030, with a total market value of $173,778) | |||||||||
(Cost $170,322) | $ | 170,322 | $ | 170,322 | |||||
TOTAL INVESTMENTS — 101.5% | |||||||||
(Cost $14,713,145) | $ | 16,815,620 |
Percentages are based on Net Assets of $16,571,848.
* | Non-income producing security. |
(A) | This security or a partial position of this security is on loan at April 30, 2021. The total value of securities on loan at April 30, 2021 was $253,129. |
(B) | Level 3 security in accordance with fair value hierarchy. |
(C) | Security considered illiquid. The total value of such securities as of April 30, 2021 was $3 and represented 0.0% of Net Assets. |
(D) | Security is fair valued using methods determined in good faith by the Fair Value Committee of the Fund. The total value of such securities as of April 30, 2021 was $3 and represents 0.0% of Net Assets. |
(E) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2021 was $266,706. |
(F) | The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2021. |
ADR — American Depositary Receipt
Cl — Class
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3(1) | Total | ||||||||||||
Common Stock | $ | 16,548,911 | $ | — | $ | 3 | $ | 16,548,914 | ||||||||
Short-Term Investment | 96,384 | — | — | 96,384 | ||||||||||||
Repurchase Agreement | — | 170,322 | — | 170,322 | ||||||||||||
Total Investments in Securities | $ | 16,645,295 | $ | 170,322 | $ | 3 | $ | 16,815,620 |
(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 beginning and/or end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets. |
For the period ended April 30, 2021, there were no transfers in or out of Level 3.
34
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Utilities ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 100.0% | ||||||||
CHINA— 100.0% | ||||||||
Utilities — 100.0% | ||||||||
Beijing Enterprises Holdings | 21,400 | $ | 69,985 | |||||
Beijing Enterprises Water Group | 177,600 | 67,913 | ||||||
CGN Power, Cl H | 327,400 | 75,455 | ||||||
China Gas Holdings | 38,590 | 139,368 | ||||||
China Longyuan Power Group, Cl H | 72,900 | 107,375 | ||||||
China National Nuclear Power, Cl A | 84,200 | 67,950 | ||||||
China Power International Development | 304,900 | 69,877 | ||||||
China Resources Gas Group | 28,320 | 153,690 | ||||||
China Resources Power Holdings | 67,050 | 88,055 | ||||||
China Yangtze Power, Cl A | 23,900 | 73,787 | ||||||
ENN Energy Holdings | 9,030 | 153,932 | ||||||
Guangdong Investment | 84,060 | 129,443 | ||||||
Huadian Power International, Cl A | 55,000 | 28,910 | ||||||
Huaneng Power International, Cl A | 40,800 | 26,618 | ||||||
Huaneng Power International, Cl H | 147,700 | 53,247 | ||||||
Kunlun Energy | 72,460 | 77,807 | ||||||
Luenmei Quantum, Cl A | 12,300 | 17,285 | ||||||
SDIC Power Holdings, Cl A | 46,300 | 70,864 | ||||||
Shanghai Electric Power, Cl A | 21,200 | 23,074 | ||||||
Shenergy, Cl A | 39,800 | 34,888 | ||||||
Shenzhen Energy Group, Cl A | 32,180 | 42,138 | ||||||
Sichuan Chuantou Energy, Cl A | 34,000 | 59,187 | ||||||
TOTAL CHINA | 1,630,848 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $1,476,820) | 1,630,848 | |||||||
TOTAL INVESTMENTS — 100.0% | ||||||||
(Cost $1,476,820) | $ | 1,630,848 |
35
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Utilities ETF |
Percentages are based on Net Assets of $1,631,120.
Cl — Class
As of April 30, 2021, 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.
For the period ended April 30, 2021, there were no transfers in or out of Level 3.
36
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Real Estate ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 100.0% | ||||||||
CHINA— 100.0% | ||||||||
Real Estate — 100.0% | ||||||||
Agile Group Holdings | 69,600 | $ | 109,147 | |||||
China Aoyuan Group | 72,300 | 75,215 | ||||||
China Evergrande Group | 93,400 | 158,255 | ||||||
China Fortune Land Development, Cl A * | 13,520 | 11,642 | ||||||
China Jinmao Holdings Group | 288,200 | 109,464 | ||||||
China Merchants Property Operation & Service, Cl A | 3,500 | 11,417 | ||||||
China Merchants Shekou Industrial Zone Holdings, Cl A | 22,500 | 40,420 | ||||||
China Overseas Land & Investment | 175,700 | 444,744 | ||||||
China Overseas Property Holdings | 62,600 | 63,512 | ||||||
China Resources Land | 112,500 | 527,966 | ||||||
China Vanke, Cl A | 5,700 | 24,824 | ||||||
China Vanke, Cl H | 52,800 | 184,909 | ||||||
CIFI Holdings Group | 169,300 | 151,494 | ||||||
Country Garden Holdings | 355,700 | 423,624 | ||||||
Financial Street Holdings, Cl A | 19,300 | 18,499 | ||||||
Gemdale, Cl A | 20,400 | 37,089 | ||||||
Greenland Holdings Group, Cl A | 35,100 | 30,768 | ||||||
Greentown China Holdings | 40,500 | 48,807 | ||||||
Guangzhou R&F Properties | 100,400 | 128,492 | ||||||
Hopson Development Holdings | 30,400 | 119,575 | ||||||
Jiangsu Zhongnan Construction Group, Cl A | 11,600 | 12,697 | ||||||
Jinke Properties Group, Cl A | 28,800 | 29,386 | ||||||
Kaisa Group Holdings | 173,742 | 75,610 | ||||||
KE Holdings ADR * | 3,405 | 177,230 | ||||||
KWG Group Holdings | 68,900 | 110,711 | ||||||
Logan Property Holdings | 74,800 | 119,035 |
37
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Real Estate ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Real Estate — continued | ||||||||
Longfor Group Holdings | 81,100 | $ | 505,907 | |||||
Poly Developments and Holdings Group, Cl A | 34,053 | 73,704 | ||||||
Poly Property Services, Cl H | 5,400 | 39,526 | ||||||
RiseSun Real Estate Development, Cl A | 22,500 | 21,427 | ||||||
Seazen Group | 120,800 | 129,092 | ||||||
Seazen Holdings, Cl A | 7,700 | 53,616 | ||||||
Shanghai Lingang Holdings, Cl A | 4,300 | 13,681 | ||||||
Shanghai Lujiazui Finance & Trade Zone Development, Cl B | 74,885 | 67,621 | ||||||
Shanghai Zhangjiang High-Tech Park Development, Cl A | 6,800 | 19,102 | ||||||
Shenzhen Investment | 203,700 | 74,747 | ||||||
Shimao Group Holdings | 56,900 | 164,835 | ||||||
Sunac China Holdings | 116,700 | 454,518 | ||||||
Wharf Holdings | 81,500 | 247,642 | ||||||
Xinhu Zhongbao, Cl A | 55,700 | 26,522 | ||||||
Yango Group, Cl A | 13,000 | 11,516 | ||||||
Youngor Group, Cl A | 14,000 | 16,081 | ||||||
Yuexiu Property | 430,100 | 99,677 | ||||||
Zhenro Properties Group | 71,900 | 48,508 | ||||||
Zhongtian Financial Group, Cl A * | 23,300 | 9,978 | ||||||
TOTAL CHINA | 5,322,232 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $5,623,285) | 5,322,232 | |||||||
TOTAL INVESTMENTS — 100.0% | ||||||||
(Cost $5,623,285) | $ | 5,322,232 |
Percentages are based on Net Assets of $5,324,413.
* | Non-income producing security. |
ADR — American Depositary Receipt
Cl — Class
As of April 30, 2021, 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.
For the period ended April 30, 2021, there were no transfers in or out of Level 3.
38
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Large-Cap 50 ETF |
Sector Weigtings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 99.9% | ||||||||
CHINA— 99.9% | ||||||||
Communication Services — 15.3% | ||||||||
Baidu ADR * | 1,538 | $ | 323,488 | |||||
Bilibili ADR * | 712 | 78,932 | ||||||
NetEase ADR | 2,648 | 296,735 | ||||||
Tencent Holdings | 12,933 | 1,037,391 | ||||||
1,736,546 | ||||||||
Consumer Discretionary — 36.1% | ||||||||
Alibaba Group Holding ADR * | 4,609 | 1,064,448 | ||||||
ANTA Sports Products | 8,200 | 147,280 | ||||||
BYD, Cl A | 2,947 | 72,245 | ||||||
China Tourism Group Duty Free, Cl A | 3,558 | 171,614 | ||||||
Geely Automobile Holdings | 39,000 | 101,180 | ||||||
JD.com ADR * | 4,916 | 380,302 | ||||||
Meituan, Cl B * | 18,189 | 697,879 | ||||||
Midea Group, Cl A | 4,600 | 57,013 | ||||||
New Oriental Education & Technology Group ADR * | 11,720 | 178,847 | ||||||
NIO ADR * | 7,519 | 299,557 | ||||||
Pinduoduo ADR * | 1,889 | 252,994 | ||||||
Shenzhou International Group Holdings | 7,500 | 164,932 |
39
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Large-Cap 50 ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Discretionary — continued | ||||||||
TAL Education Group ADR * | 2,800 | $ | 159,460 | |||||
Trip.com Group ADR * | 3,936 | 153,819 | ||||||
Yum China Holdings | 3,227 | 203,043 | ||||||
4,104,613 | ||||||||
Consumer Staples — 13.5% | ||||||||
China Mengniu Dairy | 26,800 | 143,543 | ||||||
Foshan Haitian Flavouring & Food, Cl A | 6,040 | 158,276 | ||||||
Kweichow Moutai, Cl A | 2,014 | 624,835 | ||||||
Luzhou Laojiao, Cl A | 2,400 | 94,830 | ||||||
Muyuan Foods, Cl A | 6,980 | 122,057 | ||||||
Shanxi Xinghuacun Fen Wine Factory, Cl A | 1,200 | 76,109 | ||||||
Wuliangye Yibin, Cl A | 7,138 | 314,505 | ||||||
1,534,155 | ||||||||
Financials — 17.3% | ||||||||
Bank of China Ltd., Cl H | 572,000 | 227,567 | ||||||
China Construction Bank, Cl H | 555,300 | 439,701 | ||||||
China Life Insurance, Cl H | 61,750 | 125,776 | ||||||
China Merchants Bank, Cl H | 28,450 | 229,487 | ||||||
Industrial & Commercial Bank of China, Cl H | 405,000 | 263,852 | ||||||
Industrial Bank, Cl A | 41,433 | 139,256 | ||||||
Ping An Bank, Cl A | 41,264 | 148,576 | ||||||
Ping An Insurance Group of China, Cl H | 35,340 | 386,532 | ||||||
1,960,747 | ||||||||
Health Care — 6.6% | ||||||||
Aier Eye Hospital Group, Cl A | 5,600 | 64,481 | ||||||
BeiGene ADR * | 204 | 70,082 | ||||||
Jiangsu Hengrui Medicine, Cl A | 10,896 | 141,667 | ||||||
Shenzhen Mindray Bio-Medical Electronics, Cl A | 2,227 | 160,561 | ||||||
WuXi AppTec, Cl A | 2,900 | 71,173 | ||||||
Wuxi Biologics Cayman * | 17,340 | 244,467 | ||||||
752,431 | ||||||||
Industrials — 4.2% | ||||||||
Contemporary Amperex Technology, Cl A | 4,663 | 279,830 |
40
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI China Large-Cap 50 ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — continued | ||||||||
Sany Heavy Industry, Cl A | 11,500 | $ | 54,901 | |||||
SF Holding, Cl A | 6,100 | 60,685 | ||||||
ZTO Express Cayman ADR * | 2,618 | 84,195 | ||||||
479,611 | ||||||||
Information Technology — 5.0% | ||||||||
LONGi Green Energy Technology, Cl A | 5,200 | 79,909 | ||||||
Luxshare Precision Industry, Cl A | 15,199 | 86,847 | ||||||
Sunny Optical Technology Group | 6,210 | 151,435 | ||||||
Xiaomi, Cl B * | 79,400 | 251,484 | ||||||
569,675 | ||||||||
Materials — 0.7% | ||||||||
Wanhua Chemical Group, Cl A | 5,200 | 82,594 | ||||||
Utilities — 1.2% | ||||||||
China Yangtze Power, Cl A | 43,584 | 134,559 | ||||||
TOTAL CHINA | 11,354,931 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $10,015,218) | 11,354,931 | |||||||
TOTAL INVESTMENTS — 99.9% | ||||||||
(Cost $10,015,218) | $ | 11,354,931 |
Percentages are based on Net Assets of $11,366,209.
* | Non-income producing security. |
ADR — American Depositary Receipt
Cl — Class
As of April 30, 2021, 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.
For the period ended April 30, 2021, there were no transfers in or out of Level 3.
41
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Greece ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments. Repurchase agreements purchased from cash collateral received for securities lending activity are included in total investments. Please see Note 2 and 7 in Notes to Financial Statements for more detailed information.
Shares | Value | |||||||
COMMON STOCK — 99.9% | ||||||||
GREECE— 95.9% | ||||||||
Communication Services — 16.0% | ||||||||
Hellenic Telecommunications Organization | 1,558,547 | $ | 26,472,972 | |||||
Consumer Discretionary — 20.6% | ||||||||
FF Group *(A)(B)(C) | 452,712 | 5,450 | ||||||
FF Group ADR *(A)(B)(C) | 200,300 | 2,411 | ||||||
JUMBO * | 570,236 | 10,674,335 | ||||||
JUMBO ADR (D) | 140,000 | 2,620,688 | ||||||
OPAP | 1,077,900 | 16,544,149 | ||||||
OPAP ADR (D) | 544,900 | 4,250,220 | ||||||
34,097,253 | ||||||||
Consumer Staples — 1.8% | ||||||||
Sarantis | 279,095 | 2,996,903 | ||||||
Energy — 9.2% | ||||||||
GasLog (D) | 524,657 | 3,048,257 | ||||||
Hellenic Petroleum | 525,907 | 3,659,254 |
42
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Greece ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Energy — continued | ||||||||
Motor Oil Hellas Corinth Refineries * | 367,723 | $ | 5,688,264 | |||||
Motor Oil Hellas Corinth Refineries ADR | 183,300 | 1,417,716 | ||||||
Tsakos Energy Navigation (D) | 163,911 | 1,516,177 | ||||||
15,329,668 | ||||||||
Financials — 22.8% | ||||||||
Alpha Services and Holdings * | 6,667,734 | 10,595,172 | ||||||
Eurobank Ergasias Services and Holdings * | 16,944,202 | 16,028,354 | ||||||
Hellenic Exchanges - Athens Stock Exchange | 555,739 | 2,749,593 | ||||||
National Bank of Greece * | 2,570,917 | 8,000,265 | ||||||
Piraeus Financial Holdings *(D) | 160,233 | 418,569 | ||||||
37,791,953 | ||||||||
Industrials — 10.6% | ||||||||
Aegean Airlines * | 334,049 | 2,135,308 | ||||||
Ellaktor * | 1,369,986 | 2,226,413 | ||||||
GEK Terna Holding Real Estate Construction * | 458,429 | 5,540,661 | ||||||
Mytilineos | 327,980 | 6,115,818 | ||||||
Mytilineos ADR | 81,200 | 1,514,128 | ||||||
17,532,328 | ||||||||
Real Estate — 3.1% | ||||||||
LAMDA Development * | 570,767 | 5,111,962 | ||||||
Utilities — 11.9% | ||||||||
Athens Water Supply & Sewage | 377,495 | 3,867,199 | ||||||
Holding ADMIE IPTO | 1,030,645 | 3,331,265 | ||||||
Public Power * (D) | 638,284 | 7,234,193 | ||||||
Terna Energy | 355,909 | 5,355,559 | ||||||
19,788,216 | ||||||||
TOTAL GREECE | 159,121,255 | |||||||
UNITED STATES— 3.9% | ||||||||
Materials — 3.9% | ||||||||
Titan Cement International | 320,515 | 6,497,499 | ||||||
TOTAL COMMON STOCK | ||||||||
(Cost $175,073,890) | 165,618,754 | |||||||
43
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Greece ETF |
Shares/Face Amount | Value | |||||||
SHORT-TERM INVESTMENT(E)(F) — 3.1% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010% | ||||||||
(Cost $5,237,215) | 5,237,215 | $ | 5,237,215 | |||||
REPURCHASE AGREEMENT(E) — 4.4% | ||||||||
BNP Paribas | ||||||||
0.000%, dated 04/30/21, to be repurchased on 05/03/21, repurchase price $7,307,165 (collateralized by U.S. Treasury Obligations, ranging in par value $178,529 - $1,048,852, 1.500%, 02/15/2030, with a total market value of $7,455,330) | ||||||||
(Cost $7,307,165) | $ | 7,307,165 | 7,307,165 | |||||
TOTAL INVESTMENTS — 107.4% | ||||||||
(Cost $187,618,270) | $ | 178,163,134 |
Percentages are based on Net Assets of $165,822,833.
* | Non-income producing security. |
(A) | Level 3 security in accordance with fair value hierarchy. |
(B) | Security considered illiquid. The total value of such securities as of April 30, 2021 was $7,861 and represented 0.0% of Net Assets. |
(C) | Security is fair valued using methods determined in good faith by the Fair Value Committee of the Fund. The total value of such securities as of April 30, 2021 was $7,861 and represents 0.0% of Net Assets. |
(D) | This security or a partial position of this security is on loan at April 30, 2021. The total value of securities on loan at April 30, 2021 was $9,662,010. |
(E) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2021 was $12,544,380. |
(F) | The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2021. |
ADR — American Depositary Receipt
Cl — Class
44
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Greece ETF |
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3(1) | Total | ||||||||||||
Common Stock | $ | 20,864,685 | $ | 144,746,208 | $ | 7,861 | $ | 165,618,754 | ||||||||
Short-Term Investment | 5,237,215 | — | — | 5,237,215 | ||||||||||||
Repurchase Agreement | — | 7,307,165 | — | 7,307,165 | ||||||||||||
Total Investments in Securities | $ | 26,101,900 | $ | 152,053,373 | $ | 7,861 | $ | 178,163,134 |
(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 beginning and/or end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets. |
For the period ended April 30, 2021, there were no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
45
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Norway ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 99.7% | ||||||||
BRAZIL— 5.2% | ||||||||
Materials — 5.2% | ||||||||
Yara International | 44,887 | $ | 2,348,569 | |||||
FAROE ISLANDS— 2.2% | ||||||||
Consumer Staples — 2.2% | ||||||||
Bakkafrost P/F | 12,867 | 1,023,078 | ||||||
FRANCE— 2.5% | ||||||||
Communication Services — 2.5% | ||||||||
Adevinta, Cl B * | 61,572 | 1,130,176 | ||||||
NORWAY— 88.1% | ||||||||
Communication Services — 11.6% | ||||||||
Schibsted, Cl A | 19,348 | 976,692 | ||||||
Schibsted, Cl B | 25,086 | 1,102,091 | ||||||
Telenor | 180,061 | 3,217,310 | ||||||
5,296,093 | ||||||||
Consumer Discretionary — 0.8% | ||||||||
Europris | 42,599 | 290,977 | ||||||
XXL * | 35,085 | 91,469 | ||||||
382,446 |
46
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Norway ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Staples — 15.4% | ||||||||
Austevoll Seafood | 23,283 | $ | 298,177 | |||||
Grieg Seafood * | 12,761 | 127,100 | ||||||
Leroy Seafood Group | 76,202 | 701,100 | ||||||
Mowi | 113,148 | 2,800,032 | ||||||
Norway Royal Salmon | 3,535 | 84,161 | ||||||
Orkla | 193,522 | 1,978,964 | ||||||
Salmar | 14,501 | 1,008,483 | ||||||
6,998,017 | ||||||||
Energy — 13.6% | ||||||||
BW Offshore | 24,830 | 100,059 | ||||||
DNO International * | 123,820 | 146,083 | ||||||
Equinor | 251,328 | 5,127,476 | ||||||
FLEX LNG | 8,353 | 98,830 | ||||||
Frontline * | 25,170 | 193,163 | ||||||
Ocean Yield | 15,378 | 55,269 | ||||||
TGS Nopec Geophysical | 29,991 | 457,543 | ||||||
6,178,423 | ||||||||
Financials — 22.5% | ||||||||
Aker, Cl A | 6,652 | 497,607 | ||||||
DnB | 239,204 | 5,155,085 | ||||||
Gjensidige Forsikring | 51,205 | 1,167,616 | ||||||
Norwegian Finance Holding | 33,376 | 369,184 | ||||||
Protector Forsikring | 18,637 | 213,105 | ||||||
Sbanken | 21,238 | 264,830 | ||||||
Sparebank 1 Nord Norge | 24,317 | 243,808 | ||||||
Sparebank 1 Oestlandet | 10,296 | 143,754 | ||||||
SpareBank 1 SMN | 33,178 | 448,858 | ||||||
SpareBank 1 SR-Bank | 45,783 | 594,040 | ||||||
Storebrand | 119,755 | 1,149,666 | ||||||
10,247,553 | ||||||||
Industrials — 9.2% | ||||||||
Bonheur | 5,407 | 145,780 | ||||||
Golden Ocean Group * | 23,683 | 204,955 |
47
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Norway ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — continued | ||||||||
Hexagon Composites * | 28,233 | $ | 166,512 | |||||
Kongsberg Gruppen | 23,366 | 590,604 | ||||||
NEL, Cl A * | 360,381 | 1,048,845 | ||||||
Stolt-Nielsen | 6,491 | 97,816 | ||||||
TOMRA Systems | 28,491 | 1,429,317 | ||||||
Veidekke | 27,582 | 424,941 | ||||||
Wallenius Wilhelmsen, Cl B * | 27,027 | 90,695 | ||||||
4,199,465 | ||||||||
Information Technology — 3.8% | ||||||||
Atea | 21,099 | 405,310 | ||||||
Crayon Group Holding * | 9,301 | 151,244 | ||||||
Nordic Semiconductor * | 39,555 | 980,758 | ||||||
Pexip Holding * | 18,130 | 190,286 | ||||||
1,727,598 | ||||||||
Materials — 6.6% | ||||||||
Borregaard | 24,286 | 536,103 | ||||||
Elkem | 66,725 | 246,559 | ||||||
Norsk Hydro | 346,409 | 2,216,497 | ||||||
2,999,159 | ||||||||
Real Estate — 2.4% | ||||||||
Entra | 44,287 | 1,002,137 | ||||||
Selvaag Bolig | 10,644 | 78,278 | ||||||
1,080,415 | ||||||||
Utilities — 2.2% | ||||||||
Fjordkraft Holding | 24,745 | 185,702 | ||||||
Scatec | 30,394 | 821,291 | ||||||
1,006,993 | ||||||||
TOTAL NORWAY | 40,116,162 | |||||||
SINGAPORE— 0.4% | ||||||||
Energy — 0.4% | ||||||||
BW LPG | 19,826 | 147,117 | ||||||
Hafnia * | 26,604 | 57,254 | ||||||
TOTAL SINGAPORE | 204,371 |
48
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Norway ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
UNITED KINGDOM— 1.3% | ||||||||
Energy — 1.3% | ||||||||
Subsea 7 * | 57,554 | $ | 585,225 | |||||
TOTAL COMMON STOCK | ||||||||
(Cost $42,661,515) | 45,407,581 | |||||||
TOTAL INVESTMENTS — 99.7% | ||||||||
(Cost $42,661,515) | $ | 45,407,581 |
Percentages are based on Net Assets of $45,533,406.
* | Non-income producing security. |
Cl — Class
As of April 30, 2021, 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.
For the period ended April 30, 2021, there were no transfers in or out of Level 3.
49
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X DAX Germany ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 95.0% | ||||||||
GERMANY— 82.5% | ||||||||
Communication Services — 4.4% | ||||||||
Deutsche Telekom | 90,476 | $ | 1,742,646 | |||||
Consumer Discretionary — 19.8% | ||||||||
adidas | 4,914 | 1,519,394 | ||||||
Allianz | 11,188 | 2,914,510 | ||||||
Bayerische Motoren Werke | 8,740 | 877,472 | ||||||
Continental * | 2,974 | 403,264 | ||||||
Daimler | 23,159 | 2,064,432 | ||||||
7,779,072 | ||||||||
Financials — 7.1% | ||||||||
Deutsche Bank * | 55,751 | 778,917 | ||||||
Deutsche Boerse | 5,007 | 863,733 | ||||||
Muenchener Rueckversicherungs-Gesellschaft in Muenchen | 3,939 | 1,141,110 | ||||||
2,783,760 | ||||||||
Health Care — 8.6% | ||||||||
Bayer | 27,624 | 1,789,724 | ||||||
Fresenius & KGaA | 11,131 | 547,773 | ||||||
Fresenius Medical Care & KGaA | 5,369 | 427,607 |
50
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X DAX Germany ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — continued | ||||||||
Merck KGaA | 3,518 | $ | 618,943 | |||||
3,384,047 | ||||||||
Industrials — 14.7% | ||||||||
Deutsche Post | 26,694 | 1,573,137 | ||||||
MTU Aero Engines | 1,457 | 368,153 | ||||||
Siemens | 20,317 | 3,395,216 | ||||||
Siemens Energy * | 12,663 | 423,777 | ||||||
5,760,283 | ||||||||
Information Technology — 13.8% | ||||||||
Infineon Technologies | 35,253 | 1,424,422 | ||||||
SAP | 28,334 | 3,982,517 | ||||||
5,406,939 | ||||||||
Materials — 6.9% | ||||||||
BASF | 24,915 | 2,011,915 | ||||||
Covestro | 5,322 | 348,650 | ||||||
HeidelbergCement | 4,058 | 372,338 | ||||||
2,732,903 | ||||||||
Real Estate — 3.7% | ||||||||
Deutsche Wohnen | 8,628 | 467,389 | ||||||
Vonovia | 14,805 | 973,811 | ||||||
1,441,200 | ||||||||
Utilities — 3.5% | ||||||||
E.ON | 56,322 | 679,769 | ||||||
RWE | 18,728 | 711,065 | ||||||
1,390,834 | ||||||||
TOTAL GERMANY | 32,421,684 | |||||||
SAUDI ARABIA— 2.3% | ||||||||
Consumer Discretionary — 2.3% | ||||||||
Delivery Hero * | 5,615 | 892,573 |
51
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X DAX Germany ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
UNITED KINGDOM— 10.2% | ||||||||
Materials — 10.2% | ||||||||
Linde | 14,041 | $ | 4,017,751 | |||||
TOTAL COMMON STOCK | ||||||||
(Cost $32,389,827) | 37,332,008 | |||||||
PREFERRED STOCK — 4.7% | ||||||||
GERMANY— 4.7% | ||||||||
Consumer Discretionary — 3.3% | ||||||||
Volkswagen (A) | 4,971 | 1,296,757 | ||||||
Consumer Staples — 1.4% | ||||||||
Henkel & KGaA (A) | 4,788 | 550,790 | ||||||
TOTAL GERMANY | 1,847,547 | |||||||
TOTAL PREFERRED STOCK | ||||||||
(Cost $1,515,414) | 1,847,547 | |||||||
TOTAL INVESTMENTS — 99.7% | ||||||||
(Cost $33,905,241) | $ | 39,179,555 |
Percentages are based on Net Assets of $39,298,192.
* | Non-income producing security. |
(A) | There is currently no stated interest rate. |
As of April 30, 2021, 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.
For the period ended April 30, 2021, there were no transfers in or out of Level 3.
52
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Portugal ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments. Repurchase agreements purchased from cash collateral received for securities lending activity are included in total investments. Please see Note 2 and 7 in Notes to Financial Statements for more detailed information.
Shares | Value | |||||||
COMMON STOCK — 99.8% | ||||||||
CHINA— 3.6% | ||||||||
Industrials — 3.6% | ||||||||
Fosun International | 381,490 | $ | 549,136 | |||||
PORTUGAL— 90.5% | ||||||||
Communication Services — 6.3% | ||||||||
NOS SGPS | 197,355 | 749,317 | ||||||
Pharol SGPS * (A) | 1,039,154 | 128,596 | ||||||
Sonaecom | 49,336 | 95,025 | ||||||
972,938 | ||||||||
Consumer Discretionary — 1.1% | ||||||||
Ibersol SGPS * | 22,526 | 173,006 | ||||||
Consumer Staples — 9.8% | ||||||||
Jeronimo Martins | 42,397 | 775,262 | ||||||
Sonae | 782,074 | 734,342 | ||||||
1,509,604 |
53
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Portugal ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Energy — 19.2% | ||||||||
Galp Energia | 256,530 | $ | 2,967,682 | |||||
Financials — 4.3% | ||||||||
Banco Comercial Portugues, Cl R * | 4,452,769 | 667,353 | ||||||
Banco Espirito Santo *(B)(C)(D) | 2,085,614 | — | ||||||
BANIF - Banco Internacional do Funchal *(B)(C)(D) | 55,479,410 | 13 | ||||||
667,366 | ||||||||
Industrials — 7.0% | ||||||||
CTT-Correios de Portugal | 188,052 | 859,104 | ||||||
Mota-Engil * | 130,112 | 218,811 | ||||||
1,077,915 | ||||||||
Information Technology — 0.6% | ||||||||
Novabase SGPS * | 19,943 | 96,750 | ||||||
Materials — 17.5% | ||||||||
Altri | 94,957 | 743,012 | ||||||
Corticeira Amorim SGPS | 51,166 | 624,562 | ||||||
Navigator | 203,774 | 688,323 | ||||||
Ramada Investimentos E Industria (A) | 10,025 | 89,063 | ||||||
Semapa-Sociedade de Investimento e Gestao | 38,199 | 555,488 | ||||||
2,700,448 | ||||||||
Utilities — 24.7% | ||||||||
Energias de Portugal | 557,659 | 3,102,805 | ||||||
REN - Redes Energeticas Nacionais | 238,719 | 699,748 | ||||||
3,802,553 | ||||||||
TOTAL PORTUGAL | 13,968,262 | |||||||
SPAIN— 5.7% | ||||||||
Industrials — 1.5% | ||||||||
Grupo Empresarial San Jose | 32,546 | 231,548 | ||||||
Utilities — 4.2% | ||||||||
EDP Renovaveis | 27,156 | 647,925 | ||||||
TOTAL SPAIN | 879,473 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $19,136,189) | 15,396,871 | |||||||
54
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Portugal ETF |
Shares/Face Amount | Value | |||||||
SHORT-TERM INVESTMENT(E)(F) — 0.5% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010% | ||||||||
(Cost $75,552) | 75,552 | $ | 75,552 | |||||
REPURCHASE AGREEMENT(E) — 0.7% | ||||||||
BNP Paribas | ||||||||
0.000%, dated 04/30/21, to be repurchased on 05/03/21, repurchase price $105,413 (collateralized by U.S. Treasury Obligations, ranging in par value $2,575 - $15,131, 1.500%, 02/15/2030, with a total market value of $107,552) | ||||||||
(Cost $105,413) | $ | 105,413 | 105,413 | |||||
TOTAL INVESTMENTS — 101.0% | ||||||||
(Cost $19,317,154) | $ | 15,577,836 |
Percentages are based on Net Assets of $15,420,981.
* | Non-income producing security. |
(A) | This security or a partial position of this security is on loan at April 30, 2021. The total value of securities on loan at April 30, 2021 was $161,493. |
(B) | Level 3 security in accordance with fair value hierarchy. |
(C) | Security considered illiquid. The total value of such securities as of April 30, 2021 was $13 and represented 0.0% of Net Assets. |
(D) | Security is fair valued using methods determined in good faith by the Fair Value Committee of the Fund. The total value of such securities as of April 30, 2021 was $13 and represents 0.0% of Net Assets. |
(E) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2021 was $180,965. |
(F) | The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2021. |
Cl — Class
55
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Portugal ETF |
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3(1) | Total | ||||||||||||
Common Stock | $ | 15,396,858 | $ | — | $ | 13 | $ | 15,396,871 | ||||||||
Short-Term Investment | 75,552 | — | — | 75,552 | ||||||||||||
Repurchase Agreement | — | 105,413 | — | 105,413 | ||||||||||||
Total Investments in Securities | $ | 15,472,410 | $ | 105,413 | $ | 13 | $ | 15,577,836 |
(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 beginning and/or end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets. |
For the period ended April 30, 2021, there were no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
56
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Colombia ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 92.1% | ||||||||
CANADA— 2.2% | ||||||||
Energy — 2.2% | ||||||||
Parex Resources * | 47,724 | $ | 898,074 | |||||
CHILE— 3.4% | ||||||||
Energy — 2.2% | ||||||||
Empresas COPEC | 83,360 | 893,341 | ||||||
Utilities — 1.2% | ||||||||
Enel Americas | 3,441,650 | 487,517 | ||||||
TOTAL CHILE | 1,380,858 | |||||||
COLOMBIA— 83.2% | ||||||||
Communication Services — 1.8% | ||||||||
Millicom International Cellular * | 17,976 | 712,173 | ||||||
Consumer Staples — 4.4% | ||||||||
Grupo Nutresa | 305,706 | 1,756,929 | ||||||
Energy — 15.2% | ||||||||
Canacol Energy | 396,940 | 1,119,641 | ||||||
Ecopetrol ADR | 417,192 | 4,935,381 | ||||||
6,055,022 | ||||||||
Financials — 35.6% | ||||||||
Banco de Bogota | 61,518 | 1,290,873 | ||||||
BanColombia | 403,817 | 3,013,781 | ||||||
BanColombia ADR | 184,827 | 5,531,872 | ||||||
Financiera Colombiana * | 186,985 | 1,600,442 |
57
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Colombia ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — continued | ||||||||
Grupo Aval Acciones y Valores ADR | 230,492 | $ | 1,364,513 | |||||
Grupo de Inversiones Suramericana | 273,463 | 1,400,573 | ||||||
14,202,054 | ||||||||
Materials — 7.4% | ||||||||
Cementos Argos | 1,093,956 | 1,500,130 | ||||||
Grupo Argos | 381,531 | 1,080,034 | ||||||
Mineros | 346,430 | 382,452 | ||||||
2,962,616 | ||||||||
Utilities — 18.9% | ||||||||
Celsia ESP | 1,179,283 | 1,358,648 | ||||||
Grupo Energia Bogota ESP | 2,714,078 | 1,893,540 | ||||||
Interconexion Electrica | 749,077 | 4,281,007 | ||||||
7,533,195 | ||||||||
TOTAL COLOMBIA | 33,221,989 | |||||||
UNITED STATES— 3.2% | ||||||||
Industrials — 3.2% | ||||||||
Tecnoglass | 108,052 | 1,292,302 | ||||||
TOTAL COMMON STOCK | ||||||||
(Cost $45,483,371) | 36,793,223 | |||||||
PREFERRED STOCK — 7.7% | ||||||||
COLOMBIA— 7.7% | ||||||||
Financials — 6.4% | ||||||||
Banco Davivienda (A) | 214,995 | 1,684,441 | ||||||
Financiera Colombiana *(A) | 39,508 | 282,502 | ||||||
Grupo Aval Acciones y Valores (A) | 1,431,941 | 422,960 | ||||||
Grupo de Inversiones Suramericana (A) | 38,545 | 174,539 | ||||||
2,564,442 | ||||||||
Materials — 1.3% | ||||||||
Grupo Argos (A) | 213,995 | 497,948 |
58
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Colombia ETF |
Value | ||||
PREFERRED STOCK — continued | ||||
TOTAL COLOMBIA | $ | 3,062,390 | ||
TOTAL PREFERRED STOCK | ||||
(Cost $4,274,653) | 3,062,390 | |||
TOTAL INVESTMENTS — 99.8% | ||||
(Cost $49,758,024) | $ | 39,855,613 |
Percentages are based on Net Assets of $39,947,111.
* | Non-income producing security. |
(A) | There is currently no stated interest rate. |
ADR — American Depositary Receipt
As of April 30, 2021, 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.
For the period ended April 30, 2021, there were no transfers in or out of Level 3.
59
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Argentina ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments. Repurchase agreements purchased from cash collateral received for securities lending activity are included in total investments. Please see Note 2 and 7 in Notes to Financial Statements for more detailed information.
Shares | Value | |||||||
COMMON STOCK — 95.8% | ||||||||
ARGENTINA— 46.9% | ||||||||
Communication Services — 2.0% | ||||||||
Telecom Argentina ADR * (A) | 173,737 | $ | 804,402 | |||||
Consumer Discretionary — 23.0% | ||||||||
Despegar.com * (A) | 103,776 | 1,373,994 | ||||||
MercadoLibre * | 5,014 | 7,876,894 | ||||||
9,250,888 | ||||||||
Energy — 4.8% | ||||||||
Transportadora de Gas del Sur ADR * (A) | 138,250 | 627,655 | ||||||
YPF ADR * | 351,642 | 1,329,207 | ||||||
1,956,862 | ||||||||
Financials — 8.4% | ||||||||
Banco BBVA Argentina ADR *(A) | 140,528 | 368,183 | ||||||
Banco Macro ADR * | 87,333 | 1,167,642 |
60
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Argentina ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — continued | ||||||||
Grupo Financiero Galicia ADR (A) | 216,287 | $ | 1,619,990 | |||||
Grupo Supervielle ADR (A) | 123,577 | 218,731 | ||||||
3,374,546 | ||||||||
Industrials — 0.9% | ||||||||
America Airports * (A) | 62,714 | 361,860 | ||||||
Materials — 1.7% | ||||||||
Loma Negra Cia Industrial Argentina ADR | 117,558 | 687,714 | ||||||
Real Estate — 1.6% | ||||||||
Cresud SACIF y A ADR * (A) | 64,454 | 362,876 | ||||||
IRSA Inversiones y Representaciones ADR * | 45,117 | 172,347 | ||||||
IRSA Propiedades Comerciales ADR | 12,205 | 109,601 | ||||||
644,824 | ||||||||
Utilities — 4.5% | ||||||||
Central Puerto ADR * | 193,624 | 410,483 | ||||||
Empresa Distribuidora Y Comercializadora Norte ADR * | 42,990 | 159,063 | ||||||
Pampa Energia ADR * (A) | 92,819 | 1,245,631 | ||||||
1,815,177 | ||||||||
TOTAL ARGENTINA | 18,896,273 | |||||||
BRAZIL— 8.5% | ||||||||
Consumer Discretionary — 3.6% | ||||||||
Arcos Dorados Holdings, Cl A * | 252,836 | 1,448,750 | ||||||
Consumer Staples — 4.9% | ||||||||
Adecoagro * | 211,409 | 1,968,218 | ||||||
TOTAL BRAZIL | 3,416,968 | |||||||
CANADA— 9.4% | ||||||||
Materials — 9.4% | ||||||||
SSR Mining | 118,255 | 1,875,431 | ||||||
Yamana Gold | 416,173 | 1,904,612 | ||||||
TOTAL CANADA | 3,780,043 | |||||||
CHILE— 10.1% | ||||||||
Consumer Staples — 10.1% | ||||||||
Cencosud | 995,076 | 2,055,732 |
61
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Argentina ETF |
Shares/Number of Rights | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Staples — continued | ||||||||
Cia Cervecerias Unidas | 220,812 | $ | 2,021,955 | |||||
TOTAL CHILE | 4,077,687 | |||||||
UNITED STATES— 20.9% | ||||||||
Information Technology — 20.9% | ||||||||
Globant * | 36,643 | 8,397,843 | ||||||
TOTAL COMMON STOCK | ||||||||
(Cost $56,937,858) | 38,568,814 | |||||||
PREFERRED STOCK — 3.9% | ||||||||
CHILE— 3.9% | ||||||||
Consumer Staples — 3.9% | ||||||||
Embotelladora Andina (B) | ||||||||
(Cost $1,602,143) | 657,906 | 1,561,366 | ||||||
RIGHT — 0.0% | ||||||||
ARGENTINA — 0.0% | ||||||||
IRSA Inversiones y Representaciones *#(C)(D)(E) (Cost $–) | 47,853 | 199 | ||||||
SHORT-TERM INVESTMENT(F)(G) — 2.9% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010% | ||||||||
(Cost $1,149,670) | 1,149,670 | 1,149,670 | ||||||
62
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Argentina ETF |
Face Amount | Value | |||||||
REPURCHASE AGREEMENT(F) — 4.0% | ||||||||
BNP Paribas | ||||||||
0.000%, dated 04/30/21, to be repurchased on 05/03/21, repurchase price $1,604,064 (collateralized by U.S. Treasury Obligations, ranging in par value $39,191 - $230,243, 1.500%, 02/15/2030, with a total market value of $1,636,588) | ||||||||
(Cost $1,604,064) | $ | 1,604,064 | $ | 1,604,064 | ||||
TOTAL INVESTMENTS — 106.6% | ||||||||
(Cost $61,293,735) | $ | 42,884,113 |
Percentages are based on Net Assets of $40,238,028.
* | Non-income producing security. |
# | Expiration date not available. |
(A) | This security or a partial position of this security is on loan at April 30, 2021. The total value of securities on loan at April 30, 2021 was $2,616,206. |
(B) | There is no stated interest rate. |
(C) | Security considered illiquid. The total value of such securities as of April 30, 2021 was $199 and represented 0.0% of Net Assets. |
(D) | Security is fair valued using methods determined in good faith by the Fair Value Committee of the Fund. The total value of such securities as of April 30, 2021 was $199 and represents 0.0% of Net Assets. |
(E) | Level 3 security in accordance with fair value hierarchy. |
(F) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2021 was $2,753,734. |
(G) | The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2021. |
ADR — American Depositary Receipt
Cl — Class
63
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Argentina ETF |
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3(1) | Total | ||||||||||||
Common Stock | $ | 38,568,814 | $ | — | $ | — | $ | 38,568,814 | ||||||||
Preferred Stock | 1,561,366 | — | — | 1,561,366 | ||||||||||||
Right | — | — | 199 | 199 | ||||||||||||
Short-Term Investment | 1,149,670 | — | — | 1,149,670 | ||||||||||||
Repurchase Agreement | — | 1,604,064 | — | 1,604,064 | ||||||||||||
Total Investments in Securities | $ | 41,279,850 | $ | 1,604,064 | $ | 199 | $ | 42,884,113 |
(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 beginning and/or end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets. |
For the period ended April 30, 2021, there were no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
64
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Pakistan ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 99.1% | ||||||||
PAKISTAN— 99.1% | ||||||||
Consumer Discretionary — 2.6% | ||||||||
Honda Atlas Cars Pakistan | 159,996 | $ | 293,237 | |||||
Nishat Mills | 789,975 | 443,714 | ||||||
736,951 | ||||||||
Energy — 21.5% | ||||||||
Mari Petroleum | 114,262 | 1,136,045 | ||||||
Oil & Gas Development | 2,671,475 | 1,593,135 | ||||||
Pakistan Oilfields | 448,968 | 1,035,099 | ||||||
Pakistan Petroleum | 2,263,577 | 1,197,358 | ||||||
Pakistan State Oil | 869,306 | 1,202,356 | ||||||
6,163,993 | ||||||||
Financials — 26.3% | ||||||||
Bank Al Habib | 3,038,418 | 1,310,213 | ||||||
Bank Alfalah | 3,038,697 | 571,699 | ||||||
Habib Bank | 2,445,804 | 1,989,955 | ||||||
MCB Bank | 1,727,446 | 1,826,173 | ||||||
National Bank of Pakistan * | 2,167,057 | 464,057 | ||||||
United Bank | 1,689,071 | 1,389,232 | ||||||
7,551,329 | ||||||||
Health Care — 2.1% | ||||||||
Searle | 411,150 | 610,120 |
65
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Pakistan ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — 5.1% | ||||||||
Millat Tractors | 144,013 | $ | 979,551 | |||||
Pak Elektron * | 1,303,130 | 258,078 | ||||||
Pakistan International Bulk Terminal * | 3,683,436 | 229,480 | ||||||
1,467,109 | ||||||||
Materials — 35.4% | ||||||||
DG Khan Cement * | 945,341 | 681,545 | ||||||
Engro | 1,081,983 | 2,087,039 | ||||||
Engro Fertilizers | 2,154,764 | 940,542 | ||||||
Fauji Cement * | 3,172,637 | 472,432 | ||||||
Fauji Fertilizer | 2,018,874 | 1,385,780 | ||||||
Fauji Fertilizer Bin Qasim * | 1,900,756 | 309,299 | ||||||
International Steels | 520,470 | 270,020 | ||||||
Lucky Cement * | 541,332 | 2,956,671 | ||||||
Maple Leaf Cement Factory * | 2,413,103 | 655,446 | ||||||
Packages | 133,103 | 396,143 | ||||||
10,154,917 | ||||||||
Utilities — 6.1% | ||||||||
Hub Power | 2,846,389 | 1,390,455 | ||||||
Kot Addu Power | 1,480,385 | 366,503 | ||||||
1,756,958 | ||||||||
TOTAL PAKISTAN | 28,441,377 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $28,718,064) | 28,441,377 | |||||||
TOTAL INVESTMENTS — 99.1% | ||||||||
(Cost $28,718,064) | $ | 28,441,377 |
Percentages are based on Net Assets of $28,710,552.
* | Non-income producing security. |
As of April 30, 2021, 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.
For the period ended April 30, 2021, there were no transfers in or out of Level 3.
66
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Nigeria ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 93.2% | ||||||||
NIGERIA— 91.2% | ||||||||
Communication Services — 5.4% | ||||||||
Nigeria Communications | 5,229,146 | $ | 2,237,499 | |||||
Consumer Staples — 25.1% | ||||||||
Dangote Sugar Refinery | 35,842,141 | 1,495,067 | ||||||
Flour Mills of Nigeria | 22,802,438 | 1,729,359 | ||||||
Nestle Nigeria | 1,149,667 | 3,993,950 | ||||||
Nigerian Breweries | 12,110,528 | 1,623,625 | ||||||
UAC of Nigeria | 36,106,199 | 909,832 | ||||||
Unilever Nigeria * | 23,383,901 | 735,127 | ||||||
10,486,960 | ||||||||
Financials — 40.9% | ||||||||
Access Bank | 64,276,796 | 1,147,940 | ||||||
FBN Holdings | 107,555,470 | 1,815,615 | ||||||
FCMB Group | 162,598,933 | 1,113,828 | ||||||
Fidelity Bank | 167,957,655 | 924,538 | ||||||
Guaranty Trust Bank | 62,675,911 | 4,615,400 | ||||||
Stanbic IBTC Holdings | 16,201,294 | 1,981,810 | ||||||
Sterling Bank | 201,593,633 | 789,113 | ||||||
United Bank for Africa | 82,613,489 | 1,475,421 | ||||||
Zenith Bank | 59,101,971 | 3,217,171 | ||||||
17,080,836 | ||||||||
Materials — 17.7% | ||||||||
Dangote Cement | 10,917,311 | 5,795,857 |
67
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Nigeria ETF |
Shares/Face Amount | Value | |||||||
COMMON STOCK — continued | ||||||||
Materials — continued | ||||||||
Lafarge Africa | 29,096,855 | $ | 1,576,747 | |||||
7,372,604 | ||||||||
Utilities — 2.1% | ||||||||
Transnational Corp of Nigeria | 404,740,021 | 891,171 | ||||||
TOTAL NIGERIA | 38,069,070 | |||||||
TOGO— 2.0% | ||||||||
Financials — 2.0% | ||||||||
Ecobank Transnational * | 67,696,890 | 844,659 | ||||||
TOTAL COMMON STOCK | ||||||||
(Cost $40,780,923) | 38,913,729 | |||||||
U.S. TREASURY OBLIGATION — 12.0% | ||||||||
United States Treasury Bill 0.000%, 05/18/21(A) | ||||||||
(Cost $5,000,035) | $ | 5,000,000 | 4,999,984 | |||||
TOTAL INVESTMENTS — 105.2% | ||||||||
(Cost $45,780,958) | $ | 43,913,713 |
Percentages are based on Net Assets of $41,760,036.
* | Non-income producing security. |
(A) | The rate reported on the Schedule of Investments is the effective yield at time of purchase. |
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 38,913,729 | $ | — | $ | — | $ | 38,913,729 | ||||||||
U.S. Treasury Obligation | — | 4,999,984 | — | 4,999,984 | ||||||||||||
Total Investments in Securities | $ | 38,913,729 | $ | 4,999,984 | $ | — | $ | 43,913,713 |
For the period ended April 30, 2021, there were no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
68
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Next Emerging & Frontier ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 99.6% | ||||||||
BAHRAIN— 0.7% | ||||||||
Financials — 0.7% | ||||||||
Ahli United Bank BSC | 195,242 | $ | 134,784 | |||||
BANGLADESH— 0.6% | ||||||||
Communication Services — 0.1% | ||||||||
GrameenPhone | 6,671 | 26,684 | ||||||
Financials — 0.0% | ||||||||
BRAC Bank | 13,323 | 6,886 | ||||||
Health Care — 0.5% | ||||||||
Square Pharmaceuticals | 36,581 | 91,420 | ||||||
TOTAL BANGLADESH | 124,990 | |||||||
CHILE— 2.3% | ||||||||
Consumer Discretionary — 0.6% | ||||||||
Falabella | 26,567 | 119,404 | ||||||
Consumer Staples — 0.5% | ||||||||
Cencosud | 50,487 | 104,301 | ||||||
Financials — 0.9% | ||||||||
Banco de Chile | 719,364 | 76,649 |
69
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Next Emerging & Frontier ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — continued | ||||||||
Banco de Credito e Inversiones | 852 | $ | 39,372 | |||||
Banco Santander Chile | 1,025,440 | 55,995 | ||||||
172,016 | ||||||||
Utilities — 0.3% | ||||||||
Enel Chile | 977,992 | 66,412 | ||||||
TOTAL CHILE | 462,133 | |||||||
CZECH REPUBLIC— 1.1% | ||||||||
Financials — 0.3% | ||||||||
Komercni Banka * | 1,250 | 37,954 | ||||||
Moneta Money Bank | 5,700 | 21,219 | ||||||
59,173 | ||||||||
Utilities — 0.8% | ||||||||
CEZ | 5,702 | 159,068 | ||||||
TOTAL CZECH REPUBLIC | 218,241 | |||||||
EGYPT— 0.4% | ||||||||
Financials — 0.4% | ||||||||
Commercial International Bank Egypt S.A.E. * | 22,133 | 82,342 | ||||||
GREECE— 1.3% | ||||||||
Communication Services — 0.7% | ||||||||
Hellenic Telecommunications Organization | 8,283 | 140,692 | ||||||
Consumer Discretionary — 0.6% | ||||||||
OPAP | 7,368 | 113,088 | ||||||
TOTAL GREECE | 253,780 | |||||||
INDONESIA— 9.1% | ||||||||
Communication Services — 1.9% | ||||||||
Sarana Menara Nusantara | 699,100 | 55,173 | ||||||
Telkom Indonesia Persero | 1,455,035 | 322,334 | ||||||
377,507 | ||||||||
Consumer Discretionary — 1.2% | ||||||||
Astra International | 596,867 | 227,260 | ||||||
Consumer Staples — 1.6% | ||||||||
Charoen Pokphand Indonesia | 210,400 | 102,688 | ||||||
Gudang Garam * | 13,454 | 33,623 |
70
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Next Emerging & Frontier ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Staples — continued | ||||||||
Indofood CBP Sukses Makmur | 65,300 | $ | 39,329 | |||||
Indofood Sukses Makmur | 123,200 | 55,651 | ||||||
Unilever Indonesia | 217,795 | 90,465 | ||||||
321,756 | ||||||||
Energy — 0.4% | ||||||||
United Tractors | 47,650 | 69,850 | ||||||
Financials — 3.2% | ||||||||
Bank Central Asia | 131,558 | 291,668 | ||||||
Bank Mandiri | 242,436 | 103,637 | ||||||
Bank Negara Indonesia Persero | 96,800 | 38,197 | ||||||
Bank Rakyat Indonesia Persero | 741,870 | 208,001 | ||||||
641,503 | ||||||||
Health Care — 0.3% | ||||||||
Kalbe Farma | 636,400 | 63,442 | ||||||
Materials — 0.5% | ||||||||
Indocement Tunggal Prakarsa | 40,900 | 36,384 | ||||||
Semen Indonesia Persero | 89,700 | 64,737 | ||||||
101,121 | ||||||||
TOTAL INDONESIA | 1,802,439 | |||||||
JORDAN— 0.1% | ||||||||
Financials — 0.1% | ||||||||
Arab Bank | 3,060 | 17,264 | ||||||
KAZAKHSTAN— 0.8% | ||||||||
Energy — 0.6% | ||||||||
NAC Kazatomprom JSC GDR | 4,584 | 124,456 | ||||||
Financials — 0.2% | ||||||||
Halyk Savings Bank of Kazakhstan JSC GDR | 3,320 | 47,542 | ||||||
TOTAL KAZAKHSTAN | 171,998 | |||||||
KENYA— 1.9% | ||||||||
Communication Services — 1.6% | ||||||||
Safaricom | 849,500 | 317,824 | ||||||
Financials — 0.3% | ||||||||
Equity Group Holdings * | 93,100 | 33,795 |
71
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Next Emerging & Frontier ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — continued | ||||||||
KCB Group | 79,200 | $ | 29,558 | |||||
63,353 | ||||||||
TOTAL KENYA | 381,177 | |||||||
KUWAIT— 1.8% | ||||||||
Financials — 1.6% | ||||||||
Gulf Bank KSCP | 24,973 | 17,986 | ||||||
National Bank of Kuwait SAK | 110,368 | 301,470 | ||||||
319,456 | ||||||||
Real Estate — 0.2% | ||||||||
Mabanee KPSC | 20,786 | 48,222 | ||||||
TOTAL KUWAIT | 367,678 | |||||||
LUXEMBOURG— 0.2% | ||||||||
Financials — 0.2% | ||||||||
Reinet Investments SCA | 2,060 | 39,752 | ||||||
MALAYSIA— 8.1% | ||||||||
Communication Services — 1.8% | ||||||||
Axiata Group | 97,267 | 91,891 | ||||||
DiGi.com | 109,902 | 112,413 | ||||||
Maxis | 82,976 | 93,177 | ||||||
Telekom Malaysia | 38,900 | 54,223 | ||||||
351,704 | ||||||||
Consumer Staples — 1.2% | ||||||||
Nestle Malaysia | 2,430 | 80,498 | ||||||
PPB Group | 22,600 | 102,065 | ||||||
QL Resources | 38,700 | 57,156 | ||||||
239,719 | ||||||||
Financials — 2.8% | ||||||||
CIMB Group Holdings | 102,990 | 104,086 | ||||||
Hong Leong Bank | 10,000 | 43,502 | ||||||
Malayan Banking | 64,200 | 128,983 | ||||||
Public Bank | 235,550 | 238,632 | ||||||
RHB Bank | 26,500 | 33,704 | ||||||
548,907 |
72
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Next Emerging & Frontier ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — 0.3% | ||||||||
Kossan Rubber Industries | 45,100 | $ | 48,883 | |||||
Industrials — 0.5% | ||||||||
Gamuda * | 61,000 | 52,566 | ||||||
Malaysia Airports Holdings | 37,400 | 54,689 | ||||||
107,255 | ||||||||
Utilities — 1.5% | ||||||||
Petronas Gas | 28,089 | 107,929 | ||||||
Tenaga Nasional | 80,883 | 196,659 | ||||||
304,588 | ||||||||
TOTAL MALAYSIA | 1,601,056 | |||||||
MEXICO— 7.8% | ||||||||
Communication Services — 1.1% | ||||||||
Grupo Televisa | 85,011 | 211,785 | ||||||
Consumer Staples — 2.6% | ||||||||
Kimberly-Clark de Mexico, Cl A | 54,000 | 93,682 | ||||||
Wal-Mart de Mexico | 129,311 | 425,022 | ||||||
518,704 | ||||||||
Financials — 1.4% | ||||||||
Grupo Financiero Banorte, Cl O | 41,944 | 239,612 | ||||||
Grupo Financiero Inbursa, Cl O * | 37,900 | 35,355 | ||||||
274,967 | ||||||||
Industrials — 1.6% | ||||||||
Grupo Aeroportuario del Pacifico, Cl B * | 13,700 | 141,411 | ||||||
Grupo Aeroportuario del Sureste, Cl B | 7,310 | 124,141 | ||||||
Promotora y Operadora de Infraestructura * | 7,817 | 60,654 | ||||||
326,206 | ||||||||
Real Estate — 0.7% | ||||||||
Fibra Uno Administracion ‡ | 111,200 | 137,853 | ||||||
Utilities — 0.4% | ||||||||
Infraestructura Energetica Nova * | 19,440 | 83,611 | ||||||
TOTAL MEXICO | 1,553,126 |
73
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Next Emerging & Frontier ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
MOROCCO— 2.1% | ||||||||
Communication Services — 1.0% | ||||||||
Maroc Telecom | 12,398 | $ | 191,411 | |||||
Consumer Staples — 0.3% | ||||||||
Sucrerie Marocaine et de Raffinage | 2,005 | 56,750 | ||||||
Financials — 0.5% | ||||||||
Attijariwafa Bank | 1,394 | 67,061 | ||||||
Banque Centrale Populaire | 916 | 26,439 | ||||||
93,500 | ||||||||
Materials — 0.3% | ||||||||
Ciments du Maroc * | 256 | 51,266 | ||||||
TOTAL MOROCCO | 392,927 | |||||||
NIGERIA— 0.5% | ||||||||
Financials — 0.1% | ||||||||
Guaranty Trust Bank | 216,406 | 15,936 | ||||||
Zenith Bank | 230,376 | 12,540 | ||||||
28,476 | ||||||||
Materials — 0.4% | ||||||||
Dangote Cement | 131,575 | 69,852 | ||||||
TOTAL NIGERIA | 98,328 | |||||||
OMAN— 0.2% | ||||||||
Financials — 0.2% | ||||||||
BankMuscat SAOG | 47,207 | 47,820 | ||||||
PERU— 0.7% | ||||||||
Financials — 0.7% | ||||||||
Credicorp * | 1,097 | 130,982 | ||||||
PHILIPPINES— 4.7% | ||||||||
Communication Services — 0.4% | ||||||||
PLDT | 3,051 | 80,853 | ||||||
Financials — 0.7% | ||||||||
Bank of the Philippine Islands | 29,630 | 50,953 | ||||||
BDO Unibank | 31,260 | 66,935 |
74
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Next Emerging & Frontier ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — continued | ||||||||
Metropolitan Bank & Trust | 29,500 | $ | 26,957 | |||||
144,845 | ||||||||
Industrials — 1.1% | ||||||||
Aboitiz Equity Ventures | 69,573 | 51,295 | ||||||
SM Investments | 8,548 | 170,605 | ||||||
221,900 | ||||||||
Real Estate — 2.3% | ||||||||
Ayala Land | 286,970 | 191,909 | ||||||
SM Prime Holdings | 357,427 | 255,729 | ||||||
447,638 | ||||||||
Utilities — 0.2% | ||||||||
Manila Electric | 7,970 | 45,155 | ||||||
TOTAL PHILIPPINES | 940,391 | |||||||
POLAND— 4.1% | ||||||||
Communication Services — 0.4% | ||||||||
Cyfrowy Polsat | 10,164 | 79,186 | ||||||
Consumer Discretionary — 1.0% | ||||||||
Allegro.eu * | 12,808 | 196,529 | ||||||
Consumer Staples — 0.6% | ||||||||
Dino Polska * | 1,735 | 112,734 | ||||||
Energy — 0.5% | ||||||||
Polskie Gornictwo Naftowe i Gazownictwo | 61,193 | 106,267 | ||||||
Financials — 1.6% | ||||||||
Bank Polska Kasa Opieki * | 2,979 | 62,928 | ||||||
Powszechna Kasa Oszczednosci Bank Polski * | 14,003 | 130,346 | ||||||
Powszechny Zaklad Ubezpieczen * | 9,501 | 81,920 | ||||||
Santander Bank Polska * | 592 | 35,060 | ||||||
310,254 | ||||||||
TOTAL POLAND | 804,970 | |||||||
QATAR— 4.4% | ||||||||
Energy — 0.8% | ||||||||
Qatar Fuel QSC | 17,370 | 86,826 |
75
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Next Emerging & Frontier ETF |
Shares | �� | Value | ||||||
COMMON STOCK — continued | ||||||||
Energy — continued | ||||||||
Qatar Gas Transport | 88,260 | $ | 76,600 | |||||
163,426 | ||||||||
Financials — 1.2% | ||||||||
Commercial Bank PSQC | 32,962 | 48,886 | ||||||
Masraf Al Rayan QSC | 58,065 | 71,254 | ||||||
Qatar International Islamic Bank QSC | 12,232 | 31,075 | ||||||
Qatar Islamic Bank SAQ | 18,346 | 87,674 | ||||||
238,889 | ||||||||
Industrials — 1.2% | ||||||||
Industries Qatar QSC | 63,563 | 235,328 | ||||||
Materials — 0.4% | ||||||||
Mesaieed Petrochemical Holding | 155,506 | 82,430 | ||||||
Real Estate — 0.3% | ||||||||
Barwa Real Estate | 65,263 | 58,022 | ||||||
Utilities — 0.5% | ||||||||
Qatar Electricity & Water QSC | 18,932 | 89,434 | ||||||
TOTAL QATAR | 867,529 | |||||||
ROMANIA— 1.8% | ||||||||
Energy — 0.8% | ||||||||
OMV Petrom | 800,385 | 86,696 | ||||||
Societatea Nationala de Gaze Naturale ROMGAZ | 8,151 | 64,898 | ||||||
151,594 | ||||||||
Financials — 0.6% | ||||||||
Banca Transilvania | 143,474 | 87,252 | ||||||
BRD-Groupe Societe Generale * | 6,407 | 24,724 | ||||||
111,976 | ||||||||
Real Estate — 0.4% | ||||||||
NEPI Rockcastle | 13,054 | 87,912 | ||||||
TOTAL ROMANIA | 351,482 | |||||||
SAUDI ARABIA— 10.7% | ||||||||
Communication Services — 2.4% | ||||||||
Etihad Etisalat | 7,147 | 58,985 |
76
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Next Emerging & Frontier ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Communication Services — continued | ||||||||
Mobile Telecommunications Saudi Arabia * | 8,116 | $ | 32,766 | |||||
Saudi Telecom | 11,373 | 385,155 | ||||||
476,906 | ||||||||
Consumer Discretionary — 0.3% | ||||||||
Jarir Marketing | 1,077 | 57,151 | ||||||
Consumer Staples — 0.7% | ||||||||
Abdullah Al Othaim Markets | 813 | 29,137 | ||||||
Almarai JSC | 4,563 | 65,462 | ||||||
Savola Group | 4,743 | 50,528 | ||||||
145,127 | ||||||||
Energy — 2.0% | ||||||||
Saudi Arabian Oil | 41,691 | 393,553 | ||||||
Financials — 3.1% | ||||||||
Al Rajhi Bank | 10,381 | 273,774 | ||||||
Alinma Bank | 8,428 | 44,588 | ||||||
Arab National Bank | 5,320 | 32,288 | ||||||
Bank AlBilad * | 3,304 | 32,995 | ||||||
Bank Al-Jazira * | 3,543 | 18,064 | ||||||
Banque Saudi Fransi | 4,958 | 51,562 | ||||||
Bupa Arabia for Cooperative Insurance | 531 | 16,369 | ||||||
Riyad Bank | 11,774 | 83,672 | ||||||
Saudi British Bank * | 7,317 | 59,998 | ||||||
613,310 | ||||||||
Materials — 1.6% | ||||||||
Advanced Petrochemical | 1,969 | 42,634 | ||||||
SABIC Agri-Nutrients | 3,815 | 106,817 | ||||||
Saudi Kayan Petrochemical * | 13,678 | 66,382 | ||||||
Yanbu National Petrochemical | 4,888 | 95,281 | ||||||
311,114 | ||||||||
Utilities — 0.6% | ||||||||
Saudi Electricity | 15,602 | 108,171 | ||||||
TOTAL SAUDI ARABIA | 2,105,332 |
77
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Next Emerging & Frontier ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
SOUTH AFRICA— 9.0% | ||||||||
Communication Services — 0.6% | ||||||||
MultiChoice Group | 14,666 | $ | 126,153 | |||||
Consumer Discretionary — 0.5% | ||||||||
Mr Price Group | 8,489 | 106,414 | ||||||
Consumer Staples — 1.9% | ||||||||
Clicks Group | 8,105 | 135,311 | ||||||
Shoprite Holdings | 16,374 | 163,193 | ||||||
Tiger Brands | 5,229 | 70,285 | ||||||
368,789 | ||||||||
Financials — 4.7% | ||||||||
Absa Group * | 10,895 | 91,959 | ||||||
Capitec Bank Holdings | 1,001 | 102,560 | ||||||
Discovery * | 5,674 | 51,626 | ||||||
FirstRand | 71,007 | 249,815 | ||||||
Nedbank Group * | 5,437 | 55,414 | ||||||
Old Mutual | 67,310 | 58,692 | ||||||
Remgro | 7,596 | 57,585 | ||||||
Sanlam | 25,721 | 99,320 | ||||||
Standard Bank Group | 19,157 | 155,831 | ||||||
922,802 | ||||||||
Industrials — 0.5% | ||||||||
Bidvest Group | 9,312 | 107,508 | ||||||
Materials — 0.7% | ||||||||
African Rainbow Minerals | 71,007 | 67,257 | ||||||
Harmony Gold Mining | 17,268 | 78,642 | ||||||
145,899 | ||||||||
TOTAL SOUTH AFRICA | 1,777,565 | |||||||
SRI LANKA— 0.2% | ||||||||
Industrials — 0.2% | ||||||||
John Keells Holdings | 55,973 | 39,960 |
78
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Next Emerging & Frontier ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
THAILAND— 9.6% | ||||||||
Communication Services — 1.1% | ||||||||
Advanced Info Service NVDR | 23,734 | $ | 130,341 | |||||
Intouch Holdings PCL NVDR | 44,200 | 90,494 | ||||||
220,835 | ||||||||
Consumer Discretionary — 0.5% | ||||||||
Central Retail NVDR | 35,600 | 40,016 | ||||||
Home Product Center NVDR | 123,760 | 56,042 | ||||||
96,058 | ||||||||
Consumer Staples — 1.3% | ||||||||
Berli Jucker NVDR | 23,690 | 27,009 | ||||||
CP ALL NVDR | 118,372 | 237,599 | ||||||
264,608 | ||||||||
Energy — 2.2% | ||||||||
PTT NVDR | 231,350 | 297,198 | ||||||
PTT Exploration & Production NVDR | 27,450 | 104,907 | ||||||
Thai Oil NVDR | 22,030 | 41,920 | ||||||
444,025 | ||||||||
Financials — 0.6% | ||||||||
Bangkok Bank NVDR | 5,600 | 21,852 | ||||||
Kasikornbank NVDR | 16,270 | 68,973 | ||||||
Siam Commercial Bank NVDR | 8,170 | 27,550 | ||||||
118,375 | ||||||||
Health Care — 0.9% | ||||||||
Bangkok Dusit Medical Services NVDR | 194,710 | 135,695 | ||||||
Bumrungrad Hospital NVDR | 9,100 | 39,162 | ||||||
174,857 | ||||||||
Industrials — 1.3% | ||||||||
Airports of Thailand NVDR | 85,320 | 169,887 | ||||||
Bangkok Expressway & Metro NVDR | 150,500 | 38,667 | ||||||
BTS Group Holdings PCL NVDR | 166,200 | 47,772 | ||||||
256,326 | ||||||||
Real Estate — 0.6% | ||||||||
Central Pattana NVDR | 44,100 | 74,001 |
79
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Next Emerging & Frontier ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Real Estate — continued | ||||||||
Land & Houses NVDR | 164,700 | $ | 45,754 | |||||
119,755 | ||||||||
Utilities — 1.1% | ||||||||
Electricity Generating | 5,700 | 32,310 | ||||||
Energy Absolute NVDR | 29,400 | 57,596 | ||||||
Global Power Synergy NVDR | 13,900 | 32,476 | ||||||
Gulf Energy Development NVDR | 58,200 | 64,485 | ||||||
Ratch Group NVDR | 15,700 | 25,463 | ||||||
212,330 | ||||||||
TOTAL THAILAND | 1,907,169 | |||||||
TURKEY— 2.5% | ||||||||
Communication Services — 0.4% | ||||||||
Turkcell Iletisim Hizmetleri | 42,735 | 76,482 | ||||||
Consumer Staples — 0.6% | ||||||||
BIM Birlesik Magazalar | 16,183 | 126,857 | ||||||
Energy — 0.2% | ||||||||
Tupras Turkiye Petrol Rafinerileri * | 4,350 | 46,034 | ||||||
Financials — 0.3% | ||||||||
Akbank Turk | 51,444 | 30,276 | ||||||
Turkiye Garanti Bankasi | 38,185 | 33,202 | ||||||
63,478 | ||||||||
Industrials — 0.2% | ||||||||
Aselsan Elektronik Sanayi Ve Ticaret | 24,178 | 43,737 | ||||||
Materials — 0.6% | ||||||||
Eregli Demir ve Celik Fabrikalari | 49,446 | 113,537 | ||||||
TOTAL TURKEY | 470,125 | |||||||
UNITED ARAB EMIRATES— 5.4% | ||||||||
Communication Services — 1.8% | ||||||||
Emirates Telecommunications Group PJSC | 61,884 | 356,834 | ||||||
Financials — 2.3% | ||||||||
Abu Dhabi Commercial Bank PJSC | 43,988 | 75,086 | ||||||
Abu Dhabi Islamic Bank PJSC | 24,039 | 31,610 | ||||||
Dubai Islamic Bank PJSC | 29,683 | 35,961 |
80
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Next Emerging & Frontier ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — continued | ||||||||
Emirates NBD Bank PJSC | 40,409 | $ | 136,965 | |||||
First Abu Dhabi Bank PJSC | 43,980 | 170,501 | ||||||
450,123 | ||||||||
Real Estate — 1.3% | ||||||||
Aldar Properties PJSC | 136,157 | 130,109 | ||||||
Emaar Properties PJSC | 123,977 | 125,896 | ||||||
256,005 | ||||||||
TOTAL UNITED ARAB EMIRATES | 1,062,962 | |||||||
VIETNAM— 7.8% | ||||||||
Consumer Staples — 1.9% | ||||||||
Masan Group | 33,110 | 140,741 | ||||||
Saigon Beer Alcohol Beverage | 4,450 | 32,253 | ||||||
Vietnam Dairy Products JSC | 50,796 | 206,004 | ||||||
378,998 | ||||||||
Financials — 0.3% | ||||||||
Bank for Foreign Trade of Vietnam JSC | 12,250 | 53,134 | ||||||
Ho Chi Minh City Development Joint Stock Commercial Bank * | 7 | 8 | ||||||
53,142 | ||||||||
Industrials — 0.3% | ||||||||
Vietjet Aviation JSC * | 11,580 | 62,735 | ||||||
Materials — 1.4% | ||||||||
Hoa Phat Group JSC | 112,326 | 283,068 | ||||||
Real Estate — 3.9% | ||||||||
No Va Land Investment Group * | 18,438 | 105,083 | ||||||
Vincom Retail JSC * | 65,990 | 91,593 | ||||||
Vingroup JSC * | 58,760 | 333,878 | ||||||
Vinhomes JSC * | 57,890 | 249,338 | ||||||
779,892 | ||||||||
TOTAL VIETNAM | 1,557,835 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $18,766,246) | 19,766,137 | |||||||
TOTAL INVESTMENTS — 99.6% | ||||||||
(Cost $18,766,246) | $ | 19,766,137 |
81
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI Next Emerging & Frontier ETF |
Percentages are based on Net Assets of $19,845,782.
* | Non-income producing security. |
‡ | Real Estate Investment Trust |
Cl — Class
GDR — Global Depositary Receipt
NVDR — Non-Voting Depositary Receipt
PJSC — Public Joint Stock Company
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 12,880,251 | $ | 6,885,886 | $ | — | $ | 19,766,137 | ||||||||
Total Investments in Securities | $ | 12,880,251 | $ | 6,885,886 | $ | — | $ | 19,766,137 |
For the period ended April 30, 2021, there were no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
82
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X FTSE Nordic Region ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 99.6% | ||||||||
DENMARK— 35.7% | ||||||||
Consumer Staples — 2.0% | ||||||||
Carlsberg, Cl B | 4,002 | $ | 703,208 | |||||
Health Care — 18.7% | ||||||||
Coloplast, Cl B | 5,363 | 888,530 | ||||||
Genmab * | 2,375 | 872,702 | ||||||
Novo Nordisk, Cl B | 65,223 | 4,783,256 | ||||||
6,544,488 | ||||||||
Industrials — 11.7% | ||||||||
AP Moller - Maersk, Cl B | 234 | 582,192 | ||||||
DSV PANALPINA | 8,134 | 1,816,363 | ||||||
Vestas Wind Systems | 40,545 | 1,694,612 | ||||||
4,093,167 | ||||||||
Utilities — 3.2% | ||||||||
Orsted | 7,606 | 1,110,800 | ||||||
TOTAL DENMARK | 12,451,663 | |||||||
FINLAND— 17.7% | ||||||||
Energy — 2.9% | ||||||||
Neste | 16,781 | 1,018,132 |
83
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X FTSE Nordic Region ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — 6.8% | ||||||||
Nordea Bank Abp | 136,779 | $ | 1,418,339 | |||||
Sampo, Cl A | 20,393 | 969,938 | ||||||
2,388,277 | ||||||||
Industrials — 3.6% | ||||||||
Kone, Cl B | 15,830 | 1,245,133 | ||||||
Information Technology — 3.1% | ||||||||
Nokia * | 226,479 | 1,074,869 | ||||||
Utilities — 1.3% | ||||||||
Fortum | 17,379 | 457,122 | ||||||
TOTAL FINLAND | 6,183,533 | |||||||
NORWAY— 6.1% | ||||||||
Communication Services — 1.3% | ||||||||
Telenor | 25,339 | 452,755 | ||||||
Energy — 2.3% | ||||||||
Equinor | 38,747 | 790,498 | ||||||
Financials — 2.5% | ||||||||
DnB | 41,385 | 891,888 | ||||||
TOTAL NORWAY | 2,135,141 | |||||||
SWEDEN— 40.1% | ||||||||
Consumer Discretionary — 6.1% | ||||||||
Evolution Gaming Group | 6,425 | 1,270,449 | ||||||
Hennes & Mauritz, Cl B * | 35,289 | 871,400 | ||||||
2,141,849 | ||||||||
Consumer Staples — 2.3% | ||||||||
Essity, Cl B | 24,488 | 800,170 | ||||||
Financials — 9.4% | ||||||||
EQT | 8,047 | 272,460 | ||||||
Investor, Cl B | 18,330 | 1,558,400 | ||||||
Skandinaviska Enskilda Banken, Cl A | 58,067 | 746,117 | ||||||
Svenska Handelsbanken, Cl A | 59,823 | 694,607 | ||||||
3,271,584 | ||||||||
Industrials — 11.7% | ||||||||
Assa Abloy, Cl B | 37,001 | 1,055,890 |
84
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X FTSE Nordic Region ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — continued | ||||||||
Atlas Copco, Cl A | 25,410 | $ | 1,541,593 | |||||
Volvo, Cl B | 60,917 | 1,490,191 | ||||||
4,087,674 | ||||||||
Information Technology — 7.6% | ||||||||
Hexagon, Cl B | 10,284 | 981,971 | ||||||
Telefonaktiebolaget LM Ericsson, Cl B | 121,060 | 1,659,900 | ||||||
2,641,871 | ||||||||
Materials — 3.1% | ||||||||
Sandvik | 43,451 | 1,075,516 | ||||||
TOTAL SWEDEN | 14,018,664 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $28,165,258) | 34,789,001 | |||||||
TOTAL INVESTMENTS — 99.6% | ||||||||
(Cost $28,165,258) | $ | 34,789,001 |
Percentages are based on Net Assets of $34,940,645.
* | Non-income producing security. |
Cl — Class
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 22,337,338 | $ | 12,451,663 | $ | — | $ | 34,789,001 | ||||||||
Total Investments in Securities | $ | 22,337,338 | $ | 12,451,663 | $ | — | $ | 34,789,001 |
For the period ended April 30, 2021, there were no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
85
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X FTSE Southeast Asia ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments. Repurchase agreements purchased from cash collateral received for securities lending activity are included in total investments. Please see Note 2 and 7 in Notes to Financial Statements for more detailed information.
Shares | Value | |||||||
COMMON STOCK — 99.8% | ||||||||
CHINA— 2.1% | ||||||||
Consumer Staples — 2.1% | ||||||||
Wilmar International | 172,451 | $ | 676,634 | |||||
INDONESIA— 16.4% | ||||||||
Communication Services — 2.6% | ||||||||
Telkom Indonesia Persero | 3,767,700 | 834,658 | ||||||
Consumer Discretionary — 1.9% | ||||||||
Astra International | 1,622,881 | 617,920 | ||||||
Consumer Staples — 0.8% | ||||||||
Hanjaya Mandala Sampoerna | 690,200 | 63,071 | ||||||
Unilever Indonesia | 458,080 | 190,272 | ||||||
253,343 |
86
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X FTSE Southeast Asia ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — 11.1% | ||||||||
Bank Central Asia | 778,796 | $ | 1,726,614 | |||||
Bank Mandiri | 1,505,480 | 643,568 | ||||||
Bank Rakyat Indonesia Persero | 4,272,700 | 1,197,954 | ||||||
3,568,136 | ||||||||
TOTAL INDONESIA | 5,274,057 | |||||||
MALAYSIA— 17.3% | ||||||||
Consumer Staples — 1.0% | ||||||||
Sime Darby Plantation | 285,896 | 316,856 | ||||||
Financials — 8.8% | ||||||||
CIMB Group Holdings | 560,475 | 566,440 | ||||||
Malayan Banking | 485,331 | 975,069 | ||||||
Public Bank | 1,251,295 | 1,267,668 | ||||||
2,809,177 | ||||||||
Health Care — 3.7% | ||||||||
Hartalega Holdings | 120,500 | 302,397 | ||||||
IHH Healthcare | 237,980 | 312,551 | ||||||
Top Glove | 425,900 | 587,427 | ||||||
1,202,375 | ||||||||
Materials — 1.4% | ||||||||
Petronas Chemicals Group | 226,724 | 453,847 | ||||||
Utilities — 2.4% | ||||||||
Tenaga Nasional | 317,145 | 771,107 | ||||||
TOTAL MALAYSIA | 5,553,362 | |||||||
PHILIPPINES— 7.7% | ||||||||
Financials — 1.1% | ||||||||
BDO Unibank | 157,160 | 336,515 | ||||||
Industrials — 3.7% | ||||||||
Ayala | 26,150 | 402,433 | ||||||
SM Investments | 39,210 | 782,571 | ||||||
1,185,004 | ||||||||
Real Estate — 2.9% | ||||||||
Ayala Land | 632,200 | 422,780 |
87
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X FTSE Southeast Asia ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Real Estate — continued | ||||||||
SM Prime Holdings | 724,200 | $ | 518,145 | |||||
940,925 | ||||||||
TOTAL PHILIPPINES | 2,462,444 | |||||||
SINGAPORE— 33.1% | ||||||||
Communication Services — 3.6% | ||||||||
Singapore Telecommunications | 608,404 | 1,143,273 | ||||||
Financials — 24.7% | ||||||||
DBS Group Holdings | 144,683 | 3,252,757 | ||||||
Oversea-Chinese Banking | 283,266 | 2,597,599 | ||||||
United Overseas Bank | 103,697 | 2,072,537 | ||||||
7,922,893 | ||||||||
Industrials — 1.2% | ||||||||
Singapore Airlines * | 102,200 | 388,704 | ||||||
Real Estate — 3.6% | ||||||||
CapitaLand | 209,518 | 585,844 | ||||||
CapitaLand Integrated Commercial Trust ‡ | 350,000 | 565,619 | ||||||
1,151,463 | ||||||||
TOTAL SINGAPORE | 10,606,333 | |||||||
THAILAND— 23.2% | ||||||||
Communication Services — 1.5% | ||||||||
Advanced Info Service NVDR | 89,661 | 492,398 | ||||||
Consumer Staples — 2.6% | ||||||||
CP ALL NVDR | 422,073 | 847,196 | ||||||
Energy — 5.9% | ||||||||
PTT NVDR | 1,155,140 | 1,483,921 | ||||||
PTT Exploration & Production NVDR | 110,610 | 422,725 | ||||||
1,906,646 | ||||||||
Financials — 4.2% | ||||||||
Kasikornbank NVDR (A) | 163,608 | 693,577 | ||||||
Siam Commercial Bank NVDR | 195,831 | 660,369 | ||||||
1,353,946 | ||||||||
Health Care — 1.6% | ||||||||
Bangkok Dusit Medical Services NVDR | 714,700 | 498,081 |
88
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X FTSE Southeast Asia ETF |
Shares/Face Amount | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — 2.2% | ||||||||
Airports of Thailand NVDR | 348,900 | $ | 694,719 | |||||
Information Technology — 0.8% | ||||||||
Delta Electronics Thailand NVDR | 22,300 | 253,527 | ||||||
Materials — 3.2% | ||||||||
Siam Cement NVDR | 68,326 | 1,013,781 | ||||||
Utilities — 1.2% | ||||||||
Gulf Energy Development NVDR | 340,410 | 377,170 | ||||||
TOTAL THAILAND | 7,437,464 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $32,258,719) | 32,010,294 | |||||||
SHORT-TERM INVESTMENT(B)(C) — 0.6% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010% | ||||||||
(Cost $206,036) | 206,036 | 206,036 | ||||||
REPURCHASE AGREEMENT(B) — 0.9% | ||||||||
BNP Paribas | ||||||||
0.000%, dated 04/30/21, to be repurchased on 05/03/21, repurchase price $287,469 (collateralized by U.S. Treasury Obligations, ranging in par value $7,032 - $41,263, 1.500%, 02/15/2030, with a total market value of $293,300) | ||||||||
(Cost $287,469) | $ | 287,469 | 287,469 | |||||
TOTAL INVESTMENTS — 101.3% | ||||||||
(Cost $32,752,224) | $ | 32,503,799 |
Percentages are based on Net Assets of $32,075,505.
89
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X FTSE Southeast Asia ETF |
* | Non-income producing security. |
‡ | Real Estate Investment Trust |
(A) | This security or a partial position of this security is on loan at April 30, 2021. The total value of securities on loan at April 30, 2021 was $470,134. |
(B) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2021 was $493,505. |
(C) | The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2021. |
Cl — Class
NVDR — Non-Voting Depositary Receipt
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 32,010,294 | $ | — | $ | — | $ | 32,010,294 | ||||||||
Short-Term Investment | 206,036 | — | — | 206,036 | ||||||||||||
Repurchase Agreement | — | 287,469 | — | 287,469 | ||||||||||||
Total Investments in Securities | $ | 32,216,330 | $ | 287,469 | $ | — | $ | 32,503,799 |
For the period ended April 30, 2021, there were no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
90
Statements of Assets and Liabilities | ||
April 30, 2021 (Unaudited) |
Global X MSCI China Energy ETF | Global X MSCI China Materials ETF | Global X MSCI China Industrials ETF | Global X MSCI China Consumer Discretionary ETF | |||||||||||||
Assets: | ||||||||||||||||
Cost of Investments | $ | 2,636,614 | $ | 4,196,031 | $ | 1,960,873 | $ | 641,678,389 | ||||||||
Cost of Repurchase Agreement | — | — | — | 4,367,672 | ||||||||||||
Cost of Foreign Currency | 25 | 641 | 34 | 34 | ||||||||||||
Investments, at Value | $ | 2,791,546 | $ | 4,913,519 | $ | 2,474,130 | $ | 693,115,861 | * | |||||||
Repurchase Agreement, at Value | — | — | — | 4,367,672 | ||||||||||||
Cash | 1,345 | 7,454 | 3,392 | 691,232 | ||||||||||||
Foreign Currency, at Value | 25 | 641 | 35 | 34 | ||||||||||||
Receivable for Investment Securities Sold | 42,008 | — | — | — | ||||||||||||
Unrealized Appreciation on Spot Contracts | 4 | — | — | — | ||||||||||||
Dividend and Interest Receivable | — | — | 1,926 | 20,393 | ||||||||||||
Total Assets | 2,834,928 | 4,921,614 | 2,479,483 | 698,195,192 | ||||||||||||
Liabilities: | ||||||||||||||||
Obligation to Return Securities Lending Collateral | — | — | — | 13,403,097 | ||||||||||||
Payable due to Investment Adviser | 1,503 | 2,585 | 1,301 | 365,908 | ||||||||||||
Total Liabilities | 1,503 | 2,585 | 1,301 | 13,769,005 | ||||||||||||
Net Assets | $ | 2,833,425 | $ | 4,919,029 | $ | 2,478,182 | $ | 684,426,187 | ||||||||
Net Assets Consist of: | ||||||||||||||||
Paid-in Capital | $ | 4,662,405 | $ | 6,351,155 | $ | 5,042,038 | $ | 645,865,839 | ||||||||
Total Distributable Earnings/(Loss) | (1,828,980 | ) | (1,432,126 | ) | (2,563,856 | ) | 38,560,348 | |||||||||
Net Assets | $ | 2,833,425 | $ | 4,919,029 | $ | 2,478,182 | $ | 684,426,187 | ||||||||
Outstanding Shares of Beneficial Interest | ||||||||||||||||
(unlimited authorization — no par value) | 300,000 | 199,971 | 150,000 | 20,250,000 | ||||||||||||
Net Asset Value, Offering and Redemption Price Per Share | $ | 9.44 | $ | 24.60 | $ | 16.52 | $ | 33.80 | ||||||||
*Includes Market Value of Securities on Loan | $ | — | $ | — | $ | — | $ | 12,798,481 |
91
Statements of Assets and Liabilities | ||
April 30, 2021 (Unaudited) |
Global X MSCI China Consumer Staples ETF | Global X MSCI China Health Care ETF | Global X MSCI China Financials ETF | Global X MSCI China Information Technology ETF | |||||||||||||
Assets: | ||||||||||||||||
Cost of Investments | $ | 16,759,134 | $ | 20,189,736 | $ | 73,157,505 | $ | 34,313,519 | ||||||||
Cost of Foreign Currency | 22,881 | 280 | 27 | 273 | ||||||||||||
Investments, at Value | $ | 21,128,137 | $ | 23,737,701 | $ | 71,128,824 | $ | 38,870,001 | ||||||||
Cash | 1,134 | 553,460 | — | 46,958 | ||||||||||||
Foreign Currency, at Value | 22,898 | 280 | 27 | 273 | ||||||||||||
Receivable for Investment Securities Sold | — | 1,611,415 | — | — | ||||||||||||
Dividend and Interest Receivable | — | 6,611 | 87,890 | — | ||||||||||||
Total Assets | 21,152,169 | 25,909,467 | 71,216,741 | 38,917,232 | ||||||||||||
Liabilities: | ||||||||||||||||
Payable due to Investment Adviser | 11,369 | 12,983 | 32,872 | 20,448 | ||||||||||||
Payable for Capital Shares Redeemed | — | 2,136,992 | — | — | ||||||||||||
Cash Overdraft | — | — | 12,877 | — | ||||||||||||
Total Liabilities | 11,369 | 2,149,975 | 45,749 | 20,448 | ||||||||||||
Net Assets | $ | 21,140,800 | $ | 23,759,492 | $ | 71,170,992 | $ | 38,896,784 | ||||||||
Net Assets Consist of: | ||||||||||||||||
Paid-in Capital | $ | 16,610,852 | $ | 19,500,186 | $ | 79,508,714 | $ | 34,510,689 | ||||||||
Total Distributable Earnings/(Loss) | 4,529,948 | 4,259,306 | (8,337,722 | ) | 4,386,095 | |||||||||||
Net Assets | $ | 21,140,800 | $ | 23,759,492 | $ | 71,170,992 | $ | 38,896,784 | ||||||||
Outstanding Shares of Beneficial Interest | ||||||||||||||||
(unlimited authorization — no par value) | 650,002 | 780,002 | 4,500,000 | 1,250,002 | ||||||||||||
Net Asset Value, Offering and Redemption Price Per Share | $ | 32.52 | $ | 30.46 | $ | 15.82 | $ | 31.12 |
92
Statements of Assets and Liabilities | ||
April 30, 2021 (Unaudited) |
Global X MSCI China Communication Services ETF | Global X MSCI China Utilities ETF | Global X MSCI China Real Estate ETF | Global X MSCI China Large-Cap 50 ETF | |||||||||||||
Assets: | ||||||||||||||||
Cost of Investments | $ | 14,542,823 | $ | 1,476,820 | $ | 5,623,285 | $ | 10,015,218 | ||||||||
Cost of Repurchase Agreement | 170,322 | — | — | — | ||||||||||||
Cost of Foreign Currency | 14 | 78 | — | 8 | ||||||||||||
Investments, at Value | $ | 16,645,298 | * | $ | 1,630,848 | $ | 5,322,232 | $ | 11,354,931 | |||||||
Repurchase Agreement, at Value | 170,322 | — | — | — | ||||||||||||
Cash | 31,209 | 1,082 | 5,168 | 7,008 | ||||||||||||
Foreign Currency, at Value | 14 | 78 | — | 8 | ||||||||||||
Dividend and Interest Receivable | 579 | — | — | 6,841 | ||||||||||||
Total Assets | 16,847,422 | 1,632,008 | 5,327,400 | 11,368,788 | ||||||||||||
Liabilities: | ||||||||||||||||
Obligation to Return Securities Lending Collateral | 266,706 | — | — | — | ||||||||||||
Payable due to Investment Adviser | 8,868 | 888 | 2,987 | 2,579 | ||||||||||||
Total Liabilities | 275,574 | 888 | 2,987 | 2,579 | ||||||||||||
Net Assets | $ | 16,571,848 | $ | 1,631,120 | $ | 5,324,413 | $ | 11,366,209 | ||||||||
Net Assets Consist of: | ||||||||||||||||
Paid-in Capital | $ | 21,217,470 | $ | 1,502,076 | $ | 5,865,550 | $ | 10,194,687 | ||||||||
Total Distributable Earnings/(Loss) | (4,645,622 | ) | 129,044 | (541,137 | ) | 1,171,522 | ||||||||||
Net Assets | $ | 16,571,848 | $ | 1,631,120 | $ | 5,324,413 | $ | 11,366,209 | ||||||||
Outstanding Shares of Beneficial Interest | ||||||||||||||||
(unlimited authorization — no par value) | 600,000 | 100,002 | 320,002 | 290,002 | ||||||||||||
Net Asset Value, Offering and Redemption Price Per Share | $ | 27.62 | $ | 16.31 | $ | 16.64 | $ | 39.19 | ||||||||
*Includes Market Value of Securities on Loan | $ | 253,129 | $ | — | $ | — | $ | — |
93
Statements of Assets and Liabilities | ||
April 30, 2021 (Unaudited) |
Global X MSCI Greece ETF | Global X MSCI Norway ETF | Global X DAX Germany ETF | Global X MSCI Portugal ETF | |||||||||||||
Assets: | ||||||||||||||||
Cost of Investments | $ | 180,311,105 | $ | 42,661,515 | $ | 33,905,241 | $ | 19,211,741 | ||||||||
Cost of Repurchase Agreement | 7,307,165 | — | — | 105,413 | ||||||||||||
Cost of Foreign Currency | 1,220 | 618 | 46,403 | — | ||||||||||||
Investments, at Value | $ | 170,855,969 | * | $ | 45,407,581 | $ | 39,179,555 | $ | 15,472,423 | * | ||||||
Repurchase Agreement, at Value | 7,307,165 | — | — | 105,413 | ||||||||||||
Cash | 114,403 | 78,589 | — | — | ||||||||||||
Foreign Currency, at Value | 1,241 | 684 | 46,403 | — | ||||||||||||
Dividend and Interest Receivable | 166,828 | 64,974 | 140,004 | 5,245 | ||||||||||||
Reclaim Receivable | 23,150 | — | 133,676 | 164,657 | ||||||||||||
Unrealized Appreciation on Spot Contracts | 26 | — | — | — | ||||||||||||
Total Assets | 178,468,782 | 45,551,828 | 39,499,638 | 15,747,738 | ||||||||||||
Liabilities: | ||||||||||||||||
Obligation to Return Securities Lending Collateral | 12,544,380 | — | — | 180,965 | ||||||||||||
Payable due to Investment Adviser | 72,953 | 18,417 | 6,092 | 6,925 | ||||||||||||
Payable for Investment Securities Purchased | — | — | 123,220 | — | ||||||||||||
Cash Overdraft | — | — | 71,618 | 137,831 | ||||||||||||
Unrealized Depreciation on Spot Contracts | — | 5 | 516 | — | ||||||||||||
Custodian Fees Payable | 28,616 | — | — | 1,036 | ||||||||||||
Total Liabilities | 12,645,949 | 18,422 | 201,446 | 326,757 | ||||||||||||
Net Assets | $ | 165,822,833 | $ | 45,533,406 | $ | 39,298,192 | $ | 15,420,981 | ||||||||
Net Assets Consist of: | ||||||||||||||||
Paid-in Capital | $ | 392,071,981 | $ | 78,536,365 | $ | 36,098,356 | $ | 33,120,244 | ||||||||
Total Distributable Earnings/(Loss) | (226,249,148 | ) | (33,002,959 | ) | 3,199,836 | (17,699,263 | ) | |||||||||
Net Assets | $ | 165,822,833 | $ | 45,533,406 | $ | 39,298,192 | $ | 15,420,981 | ||||||||
Outstanding Shares of Beneficial Interest | ||||||||||||||||
(unlimited authorization — no par value) | 5,815,644 | 3,150,000 | 1,170,000 | 1,350,000 | ||||||||||||
Net Asset Value, Offering and Redemption Price Per Share | $ | 28.51 | $ | 14.46 | $ | 33.59 | $ | 11.42 | ||||||||
*Includes Market Value of Securities on Loan | $ | 9,662,010 | $ | — | $ | — | $ | 161,493 |
94
Statements of Assets and Liabilities | ||
April 30, 2021 (Unaudited) |
Global X MSCI Colombia ETF | Global X MSCI Argentina ETF | Global X MSCI Pakistan ETF | Global X MSCI Nigeria ETF | |||||||||||||
Assets: | ||||||||||||||||
Cost of Investments | $ | 49,758,024 | $ | 59,689,671 | $ | 28,718,064 | $ | 45,780,958 | ||||||||
Cost of Repurchase Agreement | — | 1,604,064 | — | — | ||||||||||||
Cost of Foreign Currency | 21,217 | 193 | 2,172,491 | 5,662,098 | ||||||||||||
Investments, at Value | $ | 39,855,613 | $ | 41,280,049 | * | $ | 28,441,377 | $ | 43,913,713 | |||||||
Repurchase Agreement, at Value | — | 1,604,064 | — | — | ||||||||||||
Cash | 80,223 | 102,594 | — | — | ||||||||||||
Foreign Currency, at Value | 20,667 | 200 | 2,174,059 | 5,507,333 | ||||||||||||
Dividend and Interest Receivable | 11,974 | 26,594 | 169,724 | 653,603 | ||||||||||||
Receivable for Investment Securities Sold | — | — | 948,003 | — | ||||||||||||
Total Assets | 39,968,477 | 43,013,501 | 31,733,163 | 50,074,649 | ||||||||||||
Liabilities: | ||||||||||||||||
Obligation to Return Securities Lending Collateral | — | 2,753,734 | — | — | ||||||||||||
Payable due to Investment Adviser | 21,366 | 21,739 | 19,752 | 276,388 | ||||||||||||
Payable for Capital Shares Redeemed | — | — | 903,950 | — | ||||||||||||
Cash Overdraft | — | — | 2,046,135 | 8,019,047 | ||||||||||||
Unrealized Depreciation on Spot Contracts | — | — | 17,754 | — | ||||||||||||
Custodian Fees Payable | — | — | 35,020 | 19,178 | ||||||||||||
Total Liabilities | 21,366 | 2,775,473 | 3,022,611 | 8,314,613 | ||||||||||||
Net Assets | $ | 39,947,111 | $ | 40,238,028 | $ | 28,710,552 | $ | 41,760,036 | ||||||||
Net Assets Consist of: | ||||||||||||||||
Paid-in Capital | $ | 140,677,408 | $ | 80,004,509 | $ | 66,393,904 | $ | 71,665,504 | ||||||||
Total Distributable Loss | (100,730,297 | ) | (39,766,481 | ) | (37,683,352 | ) | (29,905,468 | ) | ||||||||
Net Assets | $ | 39,947,111 | $ | 40,238,028 | $ | 28,710,552 | $ | 41,760,036 | ||||||||
Outstanding Shares of Beneficial Interest | ||||||||||||||||
(unlimited authorization — no par value) | 1,469,699 | 1,344,975 | 962,293 | 2,962,135 | ||||||||||||
Net Asset Value, Offering and Redemption Price Per Share | $ | 27.18 | $ | 29.92 | $ | 29.84 | $ | 14.10 | ||||||||
*Includes Market Value of Securities on Loan | $ | — | $ | 2,616,206 | $ | — | $ | — |
95
Statements of Assets and Liabilities | ||
April 30, 2021 (Unaudited) |
Global X MSCI Next Emerging & Frontier ETF | Global X FTSE Nordic Region ETF | Global X FTSE Southeast Asia ETF | ||||||||||
Assets: | ||||||||||||
Cost of Investments | $ | 18,766,246 | $ | 28,165,258 | $ | 32,464,755 | ||||||
Cost of Repurchase Agreement | — | — | 287,469 | |||||||||
Cost of Foreign Currency | 147,054 | — | 30,896 | |||||||||
Investments, at Value | $ | 19,766,137 | $ | 34,789,001 | $ | 32,216,330 | * | |||||
Repurchase Agreement, at Value | — | — | 287,469 | |||||||||
Foreign Currency, at Value | 143,536 | — | 30,932 | |||||||||
Dividend and Interest Receivable | 44,221 | 67,127 | 69,242 | |||||||||
Reclaim Receivable | 5,893 | 161,658 | — | |||||||||
Total Assets | 19,959,787 | 35,017,786 | 32,603,973 | |||||||||
Liabilities: | ||||||||||||
Obligation to Return Securities Lending Collateral | — | — | 493,505 | |||||||||
Cash Overdraft | 96,491 | 63,381 | 17,986 | |||||||||
Payable due to Investment Adviser | 7,957 | 13,760 | 16,977 | |||||||||
Unrealized Depreciation on Spot Contracts | 1 | — | — | |||||||||
Custodian Fees Payable | 9,556 | — | — | |||||||||
Total Liabilities | 114,005 | 77,141 | 528,468 | |||||||||
Net Assets | $ | 19,845,782 | $ | 34,940,645 | $ | 32,075,505 | ||||||
Net Assets Consist of: | ||||||||||||
Paid-in Capital | $ | 43,705,223 | $ | 32,745,274 | $ | 38,912,031 | ||||||
Total Distributable Earnings/(Loss) | (23,859,441 | ) | 2,195,371 | (6,836,526 | ) | |||||||
Net Assets | $ | 19,845,782 | $ | 34,940,645 | $ | 32,075,505 | ||||||
Outstanding Shares of Beneficial Interest | ||||||||||||
(unlimited authorization — no par value) | 1,000,000 | 1,170,000 | 2,150,000 | |||||||||
Net Asset Value, Offering and Redemption Price Per Share | $ | 19.85 | $ | 29.86 | $ | 14.92 | ||||||
*Includes Market Value of Securities on Loan | $ | — | $ | — | $ | 470,134 |
96
Statements of Operations | ||
For the period ended April 30, 2021 (Unaudited) |
Global X MSCI China Energy ETF | Global X MSCI China Materials ETF | Global X MSCI China Industrials ETF | Global X MSCI China Consumer Discretionary ETF | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend Income | $ | — | $ | 7,099 | $ | 5,804 | $ | 706,729 | ||||||||
Interest Income | 1 | — | — | 111 | ||||||||||||
Security Lending Income | — | — | — | 151,252 | ||||||||||||
Less: Foreign Taxes Withheld | — | (389 | ) | (161 | ) | (31,200 | ) | |||||||||
Total Investment Income | 1 | 6,710 | 5,643 | 826,892 | ||||||||||||
Supervision and Administration Fees(1) | 6,855 | 11,311 | 7,550 | 2,054,856 | ||||||||||||
Custodian Fees(2) | 238 | 287 | 151 | 2,075 | ||||||||||||
Total Expenses | 7,093 | 11,598 | 7,701 | 2,056,931 | ||||||||||||
Net Investment Loss | (7,092 | ) | (4,888 | ) | (2,058 | ) | (1,230,039 | ) | ||||||||
Net Realized Gain (Loss) on: | ||||||||||||||||
Investments(3) | (245,647 | ) | (38,426 | ) | (251,220 | ) | 66,838,868 | |||||||||
Foreign Currency Transactions | (667 | ) | (1,374 | ) | (61 | ) | (39,641 | ) | ||||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions | (246,314 | ) | (39,800 | ) | (251,281 | ) | 66,799,227 | |||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||
Investments | 697,065 | 633,178 | 744,480 | (45,327,914 | ) | |||||||||||
Foreign Currency Translations | 12 | 1 | — | — | ||||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | 697,077 | 633,179 | 744,480 | (45,327,914 | ) | |||||||||||
Net Realized and Unrealized Gain on Investments and Foreign Currency Transactions and Translations | 450,763 | 593,379 | 493,199 | 21,471,313 | ||||||||||||
Net Increase in Net Assets Resulting from Operations | $ | 443,671 | $ | 588,491 | $ | 491,141 | $ | 20,241,274 |
(1) | The Supervision and Administration fees reflect the supervisory and administrative fee, which includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in 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 transactions. (See Note 4 in Notes to Financial Statements). |
97
Statements of Operations | ||
For the period ended April 30, 2021 (Unaudited) |
Global X MSCI China Consumer Staples ETF | Global X MSCI China Health Care ETF | Global X MSCI China Financials ETF | Global X MSCI China Information Technology ETF | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend Income | $ | 18,755 | $ | 9,913 | $ | 146,980 | $ | 80,110 | ||||||||
Interest Income | — | — | 9 | — | ||||||||||||
Security Lending Income | — | — | 3,060 | 182 | ||||||||||||
Less: Foreign Taxes Withheld | (1,252 | ) | (155 | ) | (14,714 | ) | (51 | ) | ||||||||
Total Investment Income | 17,503 | 9,758 | 135,335 | 80,241 | ||||||||||||
Supervision and Administration Fees(1) | 70,943 | 56,100 | 182,371 | 105,743 | ||||||||||||
Custodian Fees(2) | 185 | 105 | 33 | 449 | ||||||||||||
Total Expenses | 71,128 | 56,205 | 182,404 | 106,192 | ||||||||||||
Net Investment Loss | (53,625 | ) | (46,447 | ) | (47,069 | ) | (25,951 | ) | ||||||||
Net Realized Gain (Loss) on: | ||||||||||||||||
Investments(3) | 270,507 | 864,758 | (234,573 | ) | (34,211 | ) | ||||||||||
Foreign Currency Transactions | (1,255 | ) | (2,316 | ) | (3,793 | ) | (4,186 | ) | ||||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions | 269,252 | 862,442 | (238,366 | ) | (38,397 | ) | ||||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||
Investments | 1,750,843 | 2,117,762 | 6,260,322 | 1,444,334 | ||||||||||||
Foreign Currency Translations | 17 | (13 | ) | (84 | ) | — | ||||||||||
Net Change in Unrealized Appreciation on Investments and Foreign Currency Translations | 1,750,860 | 2,117,749 | 6,260,238 | 1,444,334 | ||||||||||||
Net Realized and Unrealized Gain on Investments and Foreign Currency Transactions and Translations | 2,020,112 | 2,980,191 | 6,021,872 | 1,405,937 | ||||||||||||
Net Increase in Net Assets Resulting from Operations | $ | 1,966,487 | $ | 2,933,744 | $ | 5,974,803 | $ | 1,379,986 |
(1) | The Supervision and Administration fees reflect the supervisory and administrative fee, which includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in 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 transactions. (See Note 4 in Notes to Financial Statements). |
98
Statements of Operations | ||
For the period ended April 30, 2021 (Unaudited) |
Global X MSCI China Communication Services ETF | Global X MSCI China Utilities ETF | Global X MSCI China Real Estate ETF | Global X MSCI China Large-Cap 50 ETF | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend Income | $ | 36,379 | $ | 490 | $ | 16,034 | $ | 10,511 | ||||||||
Interest Income | 3 | 1 | — | — | ||||||||||||
Security Lending Income | 5,867 | — | — | — | ||||||||||||
Less: Foreign Taxes Withheld | — | — | — | (896 | ) | |||||||||||
Total Investment Income | 42,249 | 491 | 16,034 | 9,615 | ||||||||||||
Supervision and Administration Fees(1) | 57,034 | 5,083 | 22,052 | 12,329 | ||||||||||||
Custodian Fees(2) | 151 | 276 | 284 | 36 | ||||||||||||
Total Expenses | 57,185 | 5,359 | 22,336 | 12,365 | ||||||||||||
Net Investment Loss | (14,936 | ) | (4,868 | ) | (6,302 | ) | (2,750 | ) | ||||||||
Net Realized Gain (Loss) on: | ||||||||||||||||
Investments(3) | (836,416 | ) | 35,660 | (98,308 | ) | (84,903 | ) | |||||||||
Foreign Currency Transactions | 1,084 | (24 | ) | (29 | ) | (956 | ) | |||||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions | (835,332 | ) | 35,636 | (98,337 | ) | (85,859 | ) | |||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||
Investments | 2,020,965 | 255,540 | 490,811 | 388,799 | ||||||||||||
Foreign Currency Translations | — | (1 | ) | 68 | (7 | ) | ||||||||||
Net Change in Unrealized Appreciation on Investments and Foreign Currency Translations | 2,020,965 | 255,539 | 490,879 | 388,792 | ||||||||||||
Net Realized and Unrealized Gain on Investments and Foreign Currency Transactions and Translations | 1,185,633 | 291,175 | 392,542 | 302,933 | ||||||||||||
Net Increase in Net Assets Resulting from Operations | $ | 1,170,697 | $ | 286,307 | $ | 386,240 | $ | 300,183 |
(1) | The Supervision and Administration fees reflect the supervisory and administrative fee, which includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in 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 transactions. (See Note 4 in Notes to Financial Statements). |
99
Statements of Operations | ||
For the period ended April 30, 2021 (Unaudited) |
Global X MSCI Greece ETF | Global X MSCI Norway ETF | Global X DAX Germany ETF | Global X MSCI Portugal ETF | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend Income | $ | 634,175 | $ | 927,501 | $ | 487,187 | $ | 186,820 | ||||||||
Interest Income | 5 | 2 | — | 6 | ||||||||||||
Security Lending Income | 268,584 | 593 | — | 12,250 | ||||||||||||
Less: Foreign Taxes Withheld | (44,502 | ) | (212,852 | ) | (60,385 | ) | (28,381 | ) | ||||||||
Total Investment Income | 858,262 | 715,244 | 426,802 | 170,695 | ||||||||||||
Supervision and Administration Fees(1) | 412,731 | 100,603 | 59,612 | 42,774 | ||||||||||||
Custodian Fees(2) | 20,267 | 80 | 866 | 2,835 | ||||||||||||
Total Expenses | 432,998 | 100,683 | 60,478 | 45,609 | ||||||||||||
Waiver of Supervision and Administration Fees | — | — | (26,435 | ) | — | |||||||||||
Net Expenses | 432,998 | 100,683 | 34,043 | 45,609 | ||||||||||||
Net Investment Income | 425,264 | 614,561 | 392,759 | 125,086 | ||||||||||||
Net Realized Gain (Loss) on: | ||||||||||||||||
Investments(3) | (7,614,904 | ) | (639,506 | ) | (303,302 | ) | (489,183 | ) | ||||||||
Foreign Currency Transactions | (23,560 | ) | 217 | (2,544 | ) | 4,649 | ||||||||||
Net Realized Loss on Investments and Foreign Currency Transactions | (7,638,464 | ) | (639,289 | ) | (305,846 | ) | (484,534 | ) | ||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||
Investments | 76,044,443 | 16,268,973 | 8,998,576 | 4,938,619 | ||||||||||||
Foreign Currency Translations | (428 | ) | (108 | ) | 3,338 | 4,543 | ||||||||||
Net Change in Unrealized Appreciation on Investments and Foreign Currency Translations | 76,044,015 | 16,268,865 | 9,001,914 | 4,943,162 | ||||||||||||
Net Realized and Unrealized Gain on Investments and Foreign Currency Transactions and Translations | 68,405,551 | 15,629,576 | 8,696,068 | 4,458,628 | ||||||||||||
Net Increase in Net Assets Resulting from Operations | $ | 68,830,815 | $ | 16,244,137 | $ | 9,088,827 | $ | 4,583,714 |
(1) | The Supervision and Administration fees reflect the supervisory and administrative fee, which includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in 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 transactions. (See Note 4 in Notes to Financial Statements). |
100
Statements of Operations | ||
For the period ended April 30, 2021 (Unaudited) |
Global X MSCI Colombia ETF | Global X MSCI Argentina ETF | Global X MSCI Pakistan ETF | Global X MSCI Nigeria ETF | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend Income | $ | 612,989 | $ | 322,499 | $ | 1,622,750 | $ | 2,066,986 | ||||||||
Interest Income | 4 | 27 | 22 | 2 | ||||||||||||
Security Lending Income | 1,248 | 17,277 | — | — | ||||||||||||
Less: Foreign Taxes Withheld | (34,601 | ) | (64,422 | ) | (236,522 | ) | (206,699 | ) | ||||||||
Total Investment Income | 579,640 | 275,381 | 1,386,250 | 1,860,289 | ||||||||||||
Supervision and Administration Fees(1) | 131,779 | 141,777 | 129,115 | 145,736 | ||||||||||||
Custodian Fees(2) | 127 | 864 | 32,270 | 30,947 | ||||||||||||
Total Expenses | 131,906 | 142,641 | 161,385 | 176,683 | ||||||||||||
Net Investment Income | 447,734 | 132,740 | 1,224,865 | 1,683,606 | ||||||||||||
Net Realized Gain (Loss) on: | ||||||||||||||||
Investments(3) | (1,579,379 | ) | 2,913,951 | 1,106,097 | (43,031 | ) | ||||||||||
Foreign Currency Transactions | 6,791 | 28,319 | (74,336 | ) | (52,921 | ) | ||||||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions | (1,572,588 | ) | 2,942,270 | 1,031,761 | (95,952 | ) | ||||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||
Investments | 7,751,206 | 6,934,406 | 1,155,401 | 398,140 | ||||||||||||
Foreign Currency Translations | (288 | ) | (318 | ) | (19,370 | ) | (151,264 | ) | ||||||||
Net Change in Unrealized Appreciation on Investments and Foreign Currency Translations | 7,750,918 | 6,934,088 | 1,136,031 | 246,876 | ||||||||||||
Net Realized and Unrealized Gain on Investments and Foreign Currency Transactions and Translations | 6,178,330 | 9,876,358 | 2,167,792 | 150,924 | ||||||||||||
Net Increase in Net Assets Resulting from Operations | $ | 6,626,064 | $ | 10,009,098 | $ | 3,392,657 | $ | 1,834,530 |
(1) | The Supervision and Administration fees reflect the supervisory and administrative fee, which includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in 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 transactions. (See Note 4 in Notes to Financial Statements). |
101
Statements of Operations | ||
For the period ended April 30, 2021 (Unaudited) |
Global X MSCI Next Emerging & Frontier ETF | Global X FTSE Nordic Region ETF | Global X FTSE Southeast Asia ETF | ||||||||||
Investment Income: | ||||||||||||
Dividend Income | $ | 292,720 | $ | 538,044 | $ | 446,455 | ||||||
Interest Income | — | — | 2 | |||||||||
Security Lending Income | — | 4,798 | 695 | |||||||||
Less: Foreign Taxes Withheld | (23,390 | ) | (96,083 | ) | (30,632 | ) | ||||||
Total Investment Income | 269,330 | 446,759 | 416,520 | |||||||||
Supervision and Administration Fees(1) | 41,472 | 70,330 | 102,684 | |||||||||
Custodian Fees(2) | 13,890 | 1,152 | 113 | |||||||||
Total Expenses | 55,362 | 71,482 | 102,797 | |||||||||
Net Investment Income | 213,968 | 375,277 | 313,723 | |||||||||
Net Realized Gain (Loss) on: | ||||||||||||
Investments(3) | 153,220 | 420,538 | (70,508 | ) | ||||||||
Foreign Currency Transactions | (3,354 | ) | (439 | ) | (10,507 | ) | ||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions | 149,866 | 420,099 | (81,015 | ) | ||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||
Investments | 2,824,559 | 5,912,458 | 6,163,386 | |||||||||
Foreign Currency Translations | (2,986 | ) | 3,148 | 226 | ||||||||
Net Change in Unrealized Appreciation on Investments and Foreign Currency Translations | 2,821,573 | 5,915,606 | 6,163,612 | |||||||||
Net Realized and Unrealized Gain on Investments and Foreign Currency Transactions and Translations | 2,971,439 | 6,335,705 | 6,082,597 | |||||||||
Net Increase in Net Assets Resulting from Operations | $ | 3,185,407 | $ | 6,710,982 | $ | 6,396,320 |
(1) | The Supervision and Administration fees reflect the supervisory and administrative fee, which includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in 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 transactions. (See Note 4 in Notes to Financial Statements) |
102
Statements of Changes in Net Assets | ||
Global X MSCI China Energy ETF | Global X MSCI China Materials ETF | |||||||||||||||
Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income (Loss) | $ | (7,092 | ) | $ | 80,574 | $ | (4,888 | ) | $ | 33,762 | ||||||
Net Realized Loss on Investments and Foreign Currency Transactions(1) | (246,314 | ) | (235,135 | ) | (39,800 | ) | (179,916 | ) | ||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | 697,077 | (246,011 | ) | 633,179 | 652,838 | |||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | 443,671 | (400,572 | ) | 588,491 | 506,684 | |||||||||||
Distributions | (40,355 | ) | (68,891 | ) | (21,158 | ) | (57,446 | ) | ||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 872,501 | 463,155 | 2,533,767 | — | ||||||||||||
Redeemed | — | — | — | (806,413 | ) | |||||||||||
Increase (Decrease) in Net Assets from Capital Share Transactions | 872,501 | 463,155 | 2,533,767 | (806,413 | ) | |||||||||||
Total Increase (Decrease) in Net Assets | 1,275,817 | (6,308 | ) | 3,101,100 | (357,175 | ) | ||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 1,557,608 | 1,563,916 | 1,817,929 | 2,175,104 | ||||||||||||
End of Year/Period | $ | 2,833,425 | $ | 1,557,608 | $ | 4,919,029 | $ | 1,817,929 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 100,000 | 50,000 | 100,000 | — | ||||||||||||
Redeemed | — | — | — | (50,000 | ) | |||||||||||
Net Increase (Decrease) in Shares Outstanding from Share Transactions | 100,000 | 50,000 | 100,000 | (50,000 | ) |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
103
Statements of Changes in Net Assets | ||
Global X MSCI China Industrials ETF | Global X MSCI China Consumer Discretionary ETF | |||||||||||||||
Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income (Loss) | $ | (2,058 | ) | $ | 34,045 | $ | (1,230,039 | ) | $ | 392,124 | ||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions(1) | (251,281 | ) | (114,359 | ) | 66,799,227 | 5,466,687 | ||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments | 744,480 | 187,482 | (45,327,914 | ) | 93,331,250 | |||||||||||
Net Increase in Net Assets Resulting from Operations | 491,141 | 107,168 | 20,241,274 | 99,190,061 | ||||||||||||
Distributions | (27,110 | ) | (31,434 | ) | (380,749 | ) | (1,388,311 | ) | ||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | — | — | 413,589,549 | 183,805,858 | ||||||||||||
Redeemed | — | — | (142,141,595 | ) | (44,975,491 | ) | ||||||||||
Increase in Net Assets from Capital Share Transactions | — | — | 271,447,954 | 138,830,367 | ||||||||||||
Total Increase in Net Assets | 464,031 | 75,734 | 291,308,479 | 236,632,117 | ||||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 2,014,151 | 1,938,417 | 393,117,708 | 156,485,591 | ||||||||||||
End of Year/Period | $ | 2,478,182 | $ | 2,014,151 | $ | 684,426,187 | $ | 393,117,708 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | — | — | 10,950,000 | 6,750,000 | ||||||||||||
Redeemed | — | — | (4,050,000 | ) | (2,250,000 | ) | ||||||||||
Net Increase in Shares Outstanding from Share Transactions | — | — | 6,900,000 | 4,500,000 |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
104
Statements of Changes in Net Assets | ||
Global X MSCI China Consumer Staples ETF | Global X MSCI China Health Care ETF | |||||||||||||||
Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income (Loss) | $ | (53,625 | ) | $ | 97,968 | $ | (46,447 | ) | $ | 9,431 | ||||||
Net Realized Gain on Investments and Foreign Currency Transactions(1) | 269,252 | 189,656 | 862,442 | 374,449 | ||||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | 1,750,860 | 2,217,392 | 2,117,749 | 1,195,920 | ||||||||||||
Net Increase in Net Assets Resulting from Operations | 1,966,487 | 2,505,016 | 2,933,744 | 1,579,800 | ||||||||||||
Distributions | (78,903 | ) | (136,449 | ) | (7,708 | ) | (16,313 | ) | ||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 3,449,140 | 17,224,623 | 14,748,835 | 8,387,711 | ||||||||||||
Redeemed | (1,619,554 | ) | (4,278,090 | ) | (4,571,836 | ) | (1,950,081 | ) | ||||||||
Increase in Net Assets from Capital Share Transactions | 1,829,586 | 12,946,533 | 10,176,999 | 6,437,630 | ||||||||||||
Total Increase in Net Assets | 3,717,170 | 15,315,100 | 13,103,035 | 8,001,117 | ||||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 17,423,630 | 2,108,530 | 10,656,457 | 2,655,340 | ||||||||||||
End of Year/Period | $ | 21,140,800 | $ | 17,423,630 | $ | 23,759,492 | $ | 10,656,457 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 100,000 | 700,000 | 500,000 | 400,000 | ||||||||||||
Redeemed | (50,000 | ) | (200,000 | ) | (170,000 | ) | (100,000 | ) | ||||||||
Net Increase in Shares Outstanding from Share Transactions | 50,000 | 500,000 | 330,000 | 300,000 |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
105
Statements of Changes in Net Assets | ||
Global X MSCI China Financials ETF | Global X MSCI China Information Technology ETF | |||||||||||||||
Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income (Loss) | $ | (47,069 | ) | $ | 1,202,679 | $ | (25,951 | ) | $ | 40,868 | ||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions(1) | (238,366 | ) | (5,179,329 | ) | (38,397 | ) | 533,060 | |||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | 6,260,238 | (437,572 | ) | 1,444,334 | 3,058,491 | |||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | 5,974,803 | (4,414,222 | ) | 1,379,986 | 3,632,419 | |||||||||||
Distributions | (1,091,408 | ) | (1,795,211 | ) | (216,578 | ) | (53,606 | ) | ||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 21,634,614 | 19,693,103 | 16,901,487 | 21,163,623 | ||||||||||||
Redeemed | (3,073,549 | ) | (25,917,000 | ) | — | (5,702,612 | ) | |||||||||
Increase (Decrease) in Net Assets from Capital Share Transactions | 18,561,065 | (6,223,897 | ) | 16,901,487 | 15,461,011 | |||||||||||
Total Increase (Decrease) in Net Assets | 23,444,460 | (12,433,330 | ) | 18,064,895 | 19,039,824 | |||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 47,726,532 | 60,159,862 | 20,831,889 | 1,792,065 | ||||||||||||
End of Year/Period | $ | 71,170,992 | $ | 47,726,532 | $ | 38,896,784 | $ | 20,831,889 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 1,350,000 | 1,300,000 | 500,000 | 900,000 | ||||||||||||
Redeemed | (200,000 | ) | (1,750,000 | ) | — | (250,000 | ) | |||||||||
Net Increase (Decrease) in Shares Outstanding from Share Transactions | 1,150,000 | (450,000 | ) | 500,000 | 650,000 |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
106
Statements of Changes in Net Assets | ||
Global X MSCI China Communication Services ETF | Global X MSCI China Utilities ETF | |||||||||||||||
Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income (Loss) | $ | (14,936 | ) | $ | 128,091 | $ | (4,868 | ) | $ | 39,325 | ||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions(1) | (835,332 | ) | 274,861 | 35,636 | (54,262 | ) | ||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | 2,020,965 | 2,567,572 | 255,539 | (155,762 | ) | |||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | 1,170,697 | 2,970,524 | 286,307 | (170,699 | ) | |||||||||||
Distributions | (201,314 | ) | (133,251 | ) | (24,989 | ) | (40,333 | ) | ||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | — | 32,668 | — | — | ||||||||||||
Redeemed | (1,381,816 | ) | (6,956,872 | ) | — | — | ||||||||||
Decrease in Net Assets from Capital Share Transactions | (1,381,816 | ) | (6,924,204 | ) | — | — | ||||||||||
Total Increase (Decrease) in Net Assets | (412,433 | ) | (4,086,931 | ) | 261,318 | (211,032 | ) | |||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 16,984,281 | 21,071,212 | 1,369,802 | 1,580,834 | ||||||||||||
End of Year/Period | $ | 16,571,848 | $ | 16,984,281 | $ | 1,631,120 | $ | 1,369,802 | ||||||||
Share Transactions: | ||||||||||||||||
Redeemed | (50,000 | ) | (300,000 | ) | — | — | ||||||||||
Net Decrease in Shares Outstanding from Share Transactions | (50,000 | ) | (300,000 | ) | — | — |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
107
Statements of Changes in Net Assets | ||
Global X MSCI China Real Estate ETF | Global X MSCI China Large-Cap 50 ETF | |||||||||||||||
Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income (Loss) | $ | (6,302 | ) | $ | 343,566 | $ | (2,750 | ) | $ | 49,735 | ||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions(1) | (98,337 | ) | 193,466 | (85,859 | ) | (61,965 | ) | |||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | 490,879 | (1,002,005 | ) | 388,792 | 833,563 | |||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | 386,240 | (464,973 | ) | 300,183 | 821,333 | |||||||||||
Distributions | (216,713 | ) | (171,559 | ) | (36,390 | ) | (45,697 | ) | ||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | — | 12,160,366 | 5,792,749 | 1,774,049 | ||||||||||||
Redeemed | (2,125,731 | ) | (5,966,280 | ) | — | — | ||||||||||
Increase (Decrease) in Net Assets from Capital Share Transactions | (2,125,731 | ) | 6,194,086 | 5,792,749 | 1,774,049 | |||||||||||
Total Increase (Decrease) in Net Assets | (1,956,204 | ) | 5,557,554 | 6,056,542 | 2,549,685 | |||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 7,280,617 | 1,723,063 | 5,309,667 | 2,759,982 | ||||||||||||
End of Year/Period | $ | 5,324,413 | $ | 7,280,617 | $ | 11,366,209 | $ | 5,309,667 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | — | 700,000 | 140,000 | 50,000 | ||||||||||||
Redeemed | (130,000 | ) | (350,000 | ) | — | — | ||||||||||
Net Increase (Decrease) in Shares Outstanding from Share Transactions | (130,000 | ) | 350,000 | 140,000 | 50,000 |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
108
Statements of Changes in Net Assets | ||
Global X MSCI Greece ETF | Global X MSCI Norway ETF | |||||||||||||||
Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income | $ | 425,264 | $ | 5,597,062 | $ | 614,561 | $ | 914,434 | ||||||||
Net Realized Loss on Investments and Foreign Currency Transactions(1) | (7,638,464 | ) | (38,673,337 | ) | (639,289 | ) | (12,024,811 | ) | ||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | 76,044,015 | (79,130,175 | ) | 16,268,865 | 3,873,538 | |||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | 68,830,815 | (112,206,450 | ) | 16,244,137 | (7,236,839 | ) | ||||||||||
Distributions | (3,402,946 | ) | (6,932,583 | ) | (415,137 | ) | (1,003,442 | ) | ||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 9,780,221 | 6,798,787 | 1,922,474 | 12,924,167 | ||||||||||||
Redeemed | (18,400,860 | ) | (117,484,191 | ) | (5,788,001 | ) | (49,437,188 | ) | ||||||||
Decrease in Net Assets from Capital Share Transactions | (8,620,639 | ) | (110,685,404 | ) | (3,865,527 | ) | (36,513,021 | ) | ||||||||
Total Increase (Decrease) in Net Assets | 56,807,230 | (229,824,437 | ) | 11,963,473 | (44,753,302 | ) | ||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 109,015,603 | 338,840,040 | 33,569,933 | 78,323,235 | ||||||||||||
End of Year/Period | $ | 165,822,833 | $ | 109,015,603 | $ | 45,533,406 | $ | 33,569,933 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 400,000 | 300,000 | 150,000 | 1,300,000 | ||||||||||||
Redeemed | (750,000 | ) | (5,467,689 | ) | (500,000 | ) | (4,500,000 | ) | ||||||||
Net Decrease in Shares Outstanding from Share Transactions | (350,000 | ) | (5,167,689 | ) | (350,000 | ) | (3,200,000 | ) |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
109
Statements of Changes in Net Assets | ||
Global X DAX Germany ETF | Global X MSCI Portugal ETF | |||||||||||||||
Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income | $ | 392,759 | $ | 638,382 | $ | 125,086 | $ | 406,240 | ||||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions(1) | (305,846 | ) | 356,797 | (484,534 | ) | (776,926 | ) | |||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | 9,001,914 | (2,852,978 | ) | 4,943,162 | (2,704,266 | ) | ||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | 9,088,827 | (1,857,799 | ) | 4,583,714 | (3,074,952 | ) | ||||||||||
Distributions | (420,033 | ) | (221,929 | ) | (101,291 | ) | (491,011 | ) | ||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 6,681,438 | 16,211,600 | — | — | ||||||||||||
Redeemed | — | (6,554,406 | ) | (2,230,530 | ) | (5,751,454 | ) | |||||||||
Increase (Decrease) in Net Assets from Capital Share Transactions | 6,681,438 | 9,657,194 | (2,230,530 | ) | (5,751,454 | ) | ||||||||||
Total Increase (Decrease) in Net Assets | 15,350,232 | 7,577,466 | 2,251,893 | (9,317,417 | ) | |||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 23,947,960 | 16,370,494 | 13,169,088 | 22,486,505 | ||||||||||||
End of Year/Period | $ | 39,298,192 | $ | 23,947,960 | $ | 15,420,981 | $ | 13,169,088 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 220,000 | 600,000 | — | — | ||||||||||||
Redeemed | — | (250,000 | ) | (200,000 | ) | (550,000 | ) | |||||||||
Net Increase (Decrease) in Shares Outstanding from Share Transactions | 220,000 | 350,000 | (200,000 | ) | (550,000 | ) |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
110
Statements of Changes in Net Assets | ||
Global X MSCI Colombia ETF | Global X MSCI Argentina ETF | |||||||||||||||
Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income | $ | 447,734 | $ | 1,948,326 | $ | 132,740 | $ | 132,336 | ||||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions(1) | (1,572,588 | ) | (8,817,533 | ) | 2,942,270 | (14,048,129 | ) | |||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | 7,750,918 | (17,912,427 | ) | 6,934,088 | 16,510,079 | |||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | 6,626,064 | (24,781,634 | ) | 10,009,098 | 2,594,286 | |||||||||||
Distributions | (859,459 | ) | (1,868,308 | ) | (134,501 | ) | (231,396 | ) | ||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | — | — | 7,628,432 | 12,850,316 | ||||||||||||
Redeemed | — | (11,451,496 | ) | (15,685,756 | ) | (36,273,962 | ) | |||||||||
Decrease in Net Assets from Capital Share Transactions | — | (11,451,496 | ) | (8,057,324 | ) | (23,423,646 | ) | |||||||||
Total Increase (Decrease) in Net Assets | 5,766,605 | (38,101,438 | ) | 1,817,273 | (21,060,756 | ) | ||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 34,180,506 | 72,281,944 | 38,420,755 | 59,481,511 | ||||||||||||
End of Year/Period | $ | 39,947,111 | $ | 34,180,506 | $ | 40,238,028 | $ | 38,420,755 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | — | — | 250,000 | 550,000 | ||||||||||||
Redeemed | — | (425,301 | ) | (530,000 | ) | (1,650,000 | ) | |||||||||
Net Decrease in Shares Outstanding from Share Transactions | — | (425,301 | ) | (280,000 | ) | (1,100,000 | ) |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
111
Statements of Changes in Net Assets | ||
Global X MSCI Pakistan ETF | Global X MSCI Nigeria ETF | |||||||||||||||
Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income | $ | 1,224,865 | $ | 1,064,519 | $ | 1,683,606 | $ | 2,353,773 | ||||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions(1) | 1,031,761 | (21,677,623 | ) | (95,952 | ) | (3,250,197 | ) | |||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | 1,136,031 | 20,510,802 | 246,876 | 6,205,365 | ||||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | 3,392,657 | (102,302 | ) | 1,834,530 | 5,308,941 | |||||||||||
Distributions | (576,963 | ) | (1,334,151 | ) | (2,273,637 | ) | (235,024 | ) | ||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 7,768,346 | 13,669,139 | — | 5,534,985 | ||||||||||||
Redeemed | (16,428,886 | ) | (19,481,752 | ) | — | (970,502 | ) | |||||||||
Increase (Decrease) in Net Assets from Capital Share Transactions | (8,660,540 | ) | (5,812,613 | ) | — | 4,564,483 | ||||||||||
Total Increase (Decrease) in Net Assets | (5,844,846 | ) | (7,249,066 | ) | (439,107 | ) | 9,638,400 | |||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 34,555,398 | 41,804,464 | 42,199,143 | 32,560,743 | ||||||||||||
End of Year/Period | $ | 28,710,552 | $ | 34,555,398 | $ | 41,760,036 | $ | 42,199,143 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 250,000 | 425,000 | — | 400,000 | ||||||||||||
Redeemed | (550,000 | ) | (750,207 | ) | — | (100,000 | ) | |||||||||
Net Increase (Decrease) in Shares Outstanding from Share Transactions | (300,000 | ) | (325,207 | ) | — | 300,000 |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
112
Statements of Changes in Net Assets | ||
Global X MSCI Next Emerging & Frontier ETF | Global X FTSE Nordic Region ETF | |||||||||||||||
Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income | $ | 213,968 | $ | 358,800 | $ | 375,277 | $ | 171,508 | ||||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions(1) | 149,866 | (1,447,417 | ) | 420,099 | 27,477 | |||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | 2,821,573 | (1,912,183 | ) | 5,915,606 | 1,979,833 | |||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | 3,185,407 | (3,000,800 | ) | 6,710,982 | 2,178,818 | |||||||||||
Distributions | (219,657 | ) | (425,178 | ) | (174,941 | ) | (123,078 | ) | ||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 2,888,965 | 760,268 | 7,342,963 | 5,909,404 | ||||||||||||
Redeemed | — | (1,420,679 | ) | (2,546,997 | ) | (1,112,245 | ) | |||||||||
Increase (Decrease) in Net Assets from Capital Share Transactions | 2,888,965 | (660,411 | ) | 4,795,966 | 4,797,159 | |||||||||||
Total Increase (Decrease) in Net Assets | 5,854,715 | (4,086,389 | ) | 11,332,007 | 6,852,899 | |||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 13,991,067 | 18,077,456 | 23,608,638 | 16,755,739 | ||||||||||||
End of Year/Period | $ | 19,845,782 | $ | 13,991,067 | $ | 34,940,645 | $ | 23,608,638 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 150,000 | 50,000 | 260,000 | 250,000 | ||||||||||||
Redeemed | — | (100,000 | ) | (100,000 | ) | (50,000 | ) | |||||||||
Net Increase (Decrease) in Shares Outstanding from Share Transactions | 150,000 | (50,000 | ) | 160,000 | 200,000 |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
113
Statements of Changes in Net Assets | ||
Global X FTSE Southeast Asia ETF | ||||||||
Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | |||||||
Operations: | ||||||||
Net Investment Income | $ | 313,723 | $ | 623,843 | ||||
Net Realized Loss on Investments and Foreign Currency Transactions(1) | (81,015 | ) | (869,536 | ) | ||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | 6,163,612 | (6,450,264 | ) | |||||
Net Increase (Decrease) in Net Assets Resulting from Operations | 6,396,320 | (6,695,957 | ) | |||||
Distributions | (230,150 | ) | (646,024 | ) | ||||
Capital Share Transactions: | ||||||||
Issued | 10,631,181 | 2,574,247 | ||||||
Redeemed | (5,703,002 | ) | (574,260 | ) | ||||
Increase in Net Assets from Capital Share Transactions | 4,928,179 | 1,999,987 | ||||||
Total Increase (Decrease) in Net Assets | 11,094,349 | (5,341,994 | ) | |||||
Net Assets: | ||||||||
Beginning of Year/Period | 20,981,156 | 26,323,150 | ||||||
End of Year/Period | $ | 32,075,505 | $ | 20,981,156 | ||||
Share Transactions: | ||||||||
Issued | 750,000 | 200,000 | ||||||
Redeemed | (400,000 | ) | (50,000 | ) | ||||
Net Increase in Shares Outstanding from Share Transactions | 350,000 | 150,000 |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
114
Financial Highlights | ||
Selected Per Share Data & Ratios
For a Share Outstanding Throughout the Period
Net Asset Value, Beginning of Period ($) | Net Investment Income (Loss) ($)* | Net Realized and Unrealized Gain (Loss) on Investments ($) | Total from Operations ($) | Distribution from Net Investment Income ($) | ||||||||||||||||
Global X MSCI China Energy ETF | ||||||||||||||||||||
2021(Unaudited) | 7.79 | (0.03 | ) | 1.88 | 1.85 | (0.20 | ) | |||||||||||||
2020 | 10.43 | 0.44 | (2.66 | ) | (2.22 | ) | (0.42 | ) | ||||||||||||
2019 | 11.82 | 0.30 | (1.12 | ) | (0.82 | ) | (0.57 | ) | ||||||||||||
2018 | 11.69 | 0.49 | 0.05 | 0.54 | (0.41 | ) | ||||||||||||||
2017 | 10.56 | 0.41 | 0.93 | 1.34 | (0.21 | ) | ||||||||||||||
2016 | 11.61 | 0.22 | (0.94 | ) | (0.72 | ) | (0.33 | ) | ||||||||||||
Global X MSCI China Materials ETF | ||||||||||||||||||||
2021(Unaudited) | 18.18 | (0.03 | ) | 6.66 | 6.63 | (0.21 | ) | |||||||||||||
2020 | 14.50 | 0.32 | 3.93 | 4.25 | (0.57 | ) | ||||||||||||||
2019 | 15.97 | 0.52 | (0.99 | ) | (0.47 | ) | (1.00 | ) | ||||||||||||
2018 | 21.59 | 0.46 | (5.84 | ) | (5.38 | ) | (0.24 | ) | ||||||||||||
2017 | 13.42 | 0.38 | 7.95 | 8.33 | (0.16 | ) | ||||||||||||||
2016 | 13.29 | 0.16 | 0.68 | 0.84 | (0.71 | ) | ||||||||||||||
Global X MSCI China Industrials ETF | ||||||||||||||||||||
2021(Unaudited) | 13.43 | (0.01 | ) | 3.28 | 3.27 | (0.18 | ) | |||||||||||||
2020 | 12.92 | 0.23 | 0.49 | 0.72 | (0.21 | ) | ||||||||||||||
2019 | 13.59 | 0.27 | (0.49 | ) | (0.22 | ) | (0.45 | ) | ||||||||||||
2018 | 16.06 | 0.29 | (2.41 | ) | (2.12 | ) | (0.35 | ) | ||||||||||||
2017 | 12.57 | 0.24 | 3.45 | 3.69 | (0.20 | ) | ||||||||||||||
2016 | 14.44 | 0.18 | (1.71 | ) | (1.53 | ) | (0.34 | ) |
115
Financial Highlights | ||
Total from Distributions ($) | 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 (%)†† | ||||||||||||||||||||
(0.20 | ) | 9.44 | 24.09 | 2,833 | 0.67 | † | (0.67 | )† | 24.43 | |||||||||||||||||
(0.42 | ) | 7.79 | (22.05 | ) | 1,558 | 0.66 | 5.02 | 34.18 | ||||||||||||||||||
(0.57 | ) | 10.43 | (7.04 | ) | 1,564 | 0.66 | 2.67 | 109.41 | ||||||||||||||||||
(0.41 | ) | 11.82 | 4.77 | 2,955 | 0.65 | 4.00 | 14.60 | |||||||||||||||||||
(0.21 | ) | 11.69 | 13.13 | 1,754 | 0.65 | 3.82 | 11.85 | |||||||||||||||||||
(0.33 | ) | 10.56 | (6.11 | ) | 1,583 | 0.65 | 2.19 | 22.19 | ||||||||||||||||||
(0.21 | ) | 24.60 | 36.64 | 4,919 | 0.67 | † | (0.28 | )† | 10.50 | |||||||||||||||||
(0.57 | ) | 18.18 | 29.88 | 1,818 | 0.66 | 1.95 | 36.02 | |||||||||||||||||||
(1.00 | ) | 14.50 | (3.13 | ) | 2,175 | 0.66 | 3.30 | 65.67 | ||||||||||||||||||
(0.24 | ) | 15.97 | (25.20 | ) | 2,395 | 0.66 | 2.27 | 26.95 | ||||||||||||||||||
(0.16 | ) | 21.59 | 62.79 | 5,397 | 0.65 | 2.19 | 49.80 | |||||||||||||||||||
(0.71 | ) | 13.42 | 6.84 | 1,342 | 0.65 | 1.31 | 26.33 | |||||||||||||||||||
(0.18 | ) | 16.52 | 24.51 | 2,478 | 0.66 | † | (0.18 | )† | 11.05 | |||||||||||||||||
(0.21 | ) | 13.43 | 5.57 | 2,014 | 0.66 | 1.71 | 19.54 | |||||||||||||||||||
(0.45 | ) | 12.92 | (1.66 | ) | 1,938 | 0.66 | 1.99 | 80.17 | ||||||||||||||||||
(0.35 | ) | 13.59 | (13.44 | ) | 2,038 | 0.66 | 1.92 | 18.28 | ||||||||||||||||||
(0.20 | ) | 16.06 | 29.88 | 4,015 | 0.65 | 1.68 | 21.53 | |||||||||||||||||||
(0.34 | ) | 12.57 | (10.60 | ) | 3,770 | 0.65 | 1.47 | 14.08 |
* | 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. |
116
Financial Highlights | ||
Selected Per Share Data & Ratios
For a Share Outstanding Throughout the Period
Net Asset Value, Beginning of Period ($) | Net Investment Income (Loss) ($)* | Net Realized and Unrealized Gain (Loss) on Investments ($) | Total from Operations ($) | Distribution from Net Investment Income ($) | ||||||||||||||||
Global X MSCI China Consumer Discretionary ETF | ||||||||||||||||||||
2021(Unaudited) | 29.45 | (0.07 | ) | 4.44 | 4.37 | (0.02 | ) | |||||||||||||
2020 | 17.68 | 0.04 | 11.89 | 11.93 | (0.16 | ) | ||||||||||||||
2019 | 13.57 | 0.16 | 4.35 | 4.51 | (0.40 | ) | ||||||||||||||
2018 | 17.44 | 0.20 | (3.95 | ) | (3.75 | ) | (0.12 | ) | ||||||||||||
2017 | 11.97 | 0.24 | 5.40 | 5.64 | (0.17 | ) | ||||||||||||||
2016 | 13.72 | 0.20 | (1.36 | ) | (1.16 | ) | (0.59 | ) | ||||||||||||
Global X MSCI China Consumer Staples ETF | ||||||||||||||||||||
2021(Unaudited) | 29.04 | (0.08 | ) | 3.68 | 3.60 | (0.07 | ) | |||||||||||||
2020 | 21.08 | 0.31 | 8.41 | 8.72 | (0.25 | ) | ||||||||||||||
2019(1) | 15.00 | 0.28 | 5.93 | 6.21 | (0.13 | ) | ||||||||||||||
Global X MSCI China Health Care ETF | ||||||||||||||||||||
2021(Unaudited) | 23.68 | (0.07 | ) | 6.87 | 6.80 | (0.02 | ) | |||||||||||||
2020 | 17.70 | 0.03 | 6.06 | 6.09 | (0.04 | ) | ||||||||||||||
2019(1) | 15.00 | 0.09 | 2.64 | 2.73 | (0.03 | ) | ||||||||||||||
Global X MSCI China Financials ETF | ||||||||||||||||||||
2021(Unaudited) | 14.25 | (0.01 | ) | 1.88 | 1.87 | (0.30 | ) | |||||||||||||
2020 | 15.83 | 0.41 | (1.50 | ) | (1.09 | ) | (0.49 | ) | ||||||||||||
2019 | 15.39 | 0.67 | 0.65 | 1.32 | (0.88 | ) | ||||||||||||||
2018 | 17.63 | 0.48 | (2.38 | ) | (1.90 | ) | (0.34 | ) | ||||||||||||
2017 | 13.80 | 0.39 | 3.70 | 4.09 | (0.26 | ) | ||||||||||||||
2016 | 14.90 | 0.25 | (0.62 | ) | (0.37 | ) | (0.73 | ) |
117
Financial Highlights | ||
Distribution from Capital Gains ($) | 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 (%)†† | |||||||||||||||||||||||
— | (0.02 | ) | 33.80 | 14.84 | 684,426 | 0.65 | † | (0.39 | )† | 23.87 | ||||||||||||||||||||
— | (0.16 | ) | 29.45 | 67.98 | 393,118 | 0.65 | 0.21 | 32.56 | ||||||||||||||||||||||
— | (0.40 | ) | 17.68 | 34.20 | 156,486 | 0.65 | 1.03 | 83.41 | ||||||||||||||||||||||
— | (0.12 | ) | 13.57 | (21.70 | ) | 120,102 | 0.65 | 1.11 | 17.92 | |||||||||||||||||||||
— | (0.17 | ) | 17.44 | 47.90 | 156,050 | 0.65 | 1.67 | 34.72 | ||||||||||||||||||||||
— | (0.59 | ) | 11.97 | (8.57 | ) | 73,023 | 0.65 | 1.71 | 38.13 | |||||||||||||||||||||
(0.05 | ) | (0.12 | ) | 32.52 | 12.38 | 21,141 | 0.65 | † | (0.49 | )† | 13.27 | |||||||||||||||||||
(0.51 | ) | (0.76 | ) | 29.04 | 42.48 | 17,424 | 0.65 | 1.21 | 44.54 | |||||||||||||||||||||
— | (0.13 | ) | 21.08 | 41.48 | 2,109 | 0.67 | † | 1.66 | † | 29.25 | ||||||||||||||||||||
— | (0.02 | ) | 30.46 | 28.71 | 23,759 | 0.65 | † | (0.54 | )† | 18.31 | ||||||||||||||||||||
(0.07 | ) | (0.11 | ) | 23.68 | 34.62 | 10,656 | 0.65 | 0.16 | 31.60 | |||||||||||||||||||||
— | (0.03 | ) | 17.70 | 18.22 | 2,655 | 0.66 | † | 0.60 | † | 12.20 | ||||||||||||||||||||
— | (0.30 | ) | 15.82 | 13.22 | 71,171 | 0.65 | † | (0.17 | )† | 8.13 | ||||||||||||||||||||
— | (0.49 | ) | 14.25 | (7.24 | ) | 47,727 | 0.65 | 2.72 | 21.72 | |||||||||||||||||||||
— | (0.88 | ) | 15.83 | 8.95 | 60,160 | 0.66 | 4.11 | 54.17 | ||||||||||||||||||||||
— | (0.34 | ) | 15.39 | (11.04 | ) | 30,784 | 0.66 | 2.67 | 15.09 | |||||||||||||||||||||
— | (0.26 | ) | 17.63 | 30.32 | 50,251 | 0.65 | 2.58 | 19.12 | ||||||||||||||||||||||
— | (0.73 | ) | 13.80 | (2.56 | ) | 28,289 | 0.65 | 1.92 | 18.43 |
(1) | The Fund commenced operations on December 7, 2018. |
* | 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. |
Amounts designated as “—“ are $0 or have been rounded to $0.
118
Financial Highlights | ||
Selected Per Share Data & Ratios
For a Share Outstanding Throughout the Period
Net Asset Value, Beginning of Period ($) | Net Investment Income (Loss) ($)* | Net Realized and Unrealized Gain (Loss) on Investments ($) | Total from Operations ($) | Distribution from Net Investment Income ($) | ||||||||||||||||
Global X MSCI China Information Technology ETF | ||||||||||||||||||||
2021(Unaudited) | 27.78 | (0.03 | ) | 3.62 | 3.59 | (0.08 | ) | |||||||||||||
2020 | 17.92 | 0.09 | 10.03 | 10.12 | (0.10 | ) | ||||||||||||||
2019(1) | 15.00 | 0.19 | 2.81 | 3.00 | (0.08 | ) | ||||||||||||||
Global X MSCI China Communication Services ETF | ||||||||||||||||||||
2021(Unaudited) | 26.13 | (0.02 | ) | 1.82 | 1.80 | (0.31 | ) | |||||||||||||
2020 | 22.18 | 0.16 | 3.96 | 4.12 | (0.17 | ) | ||||||||||||||
2019 | 22.40 | 0.09 | (0.21 | ) | (0.12 | ) | (0.10 | ) | ||||||||||||
2018 | 29.24 | 0.07 | (6.23 | ) | (6.16 | ) | (0.68 | ) | ||||||||||||
2017 | 23.23 | 0.28 | 6.69 | 6.97 | (0.96 | ) | ||||||||||||||
2016 | 22.01 | 0.45 | 0.91 | 1.36 | (0.14 | ) | ||||||||||||||
Global X MSCI China Utilities ETF | ||||||||||||||||||||
2021(Unaudited) | 13.70 | (0.05 | ) | 2.91 | 2.86 | (0.25 | ) | |||||||||||||
2020 | 15.81 | 0.39 | (2.09 | ) | (1.70 | ) | (0.35 | ) | ||||||||||||
2019(1) | 15.00 | 0.33 | 0.60 | 0.93 | (0.12 | ) | ||||||||||||||
Global X MSCI China Real Estate ETF | ||||||||||||||||||||
2021(Unaudited) | 16.18 | (0.02 | ) | 0.96 | 0.94 | (0.48 | ) | |||||||||||||
2020 | 17.23 | 0.81 | (1.17 | ) | (0.36 | ) | (0.69 | ) | ||||||||||||
2019(1) | 15.00 | 0.67 | 1.82 | 2.49 | (0.26 | ) | ||||||||||||||
Global X MSCI China Large-Cap 50 ETF | ||||||||||||||||||||
2021(Unaudited) | 35.40 | (0.01 | ) | 4.04 | 4.03 | (0.24 | ) | |||||||||||||
2020 | 27.60 | 0.49 | 7.77 | 8.26 | (0.46 | ) | ||||||||||||||
2019(1) | 25.00 | 0.55 | 2.27 | 2.82 | (0.22 | ) |
119
Financial Highlights | ||
Distribution from Capital Gains ($) | Total from Distributions ($) | 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 (%)†† | |||||||||||||||||||||||
�� | ||||||||||||||||||||||||||||||
(0.17 | ) | (0.25 | ) | 31.12 | 12.89 | 38,897 | 0.65 | † | (0.16 | )† | 35.27 | |||||||||||||||||||
(0.16 | ) | (0.26 | ) | 27.78 | 57.01 | 20,832 | 0.65 | 0.37 | 29.01 | |||||||||||||||||||||
— | (0.08 | ) | 17.92 | 20.06 | 1,792 | 0.66 | † | 1.29 | † | 36.75 | ||||||||||||||||||||
— | (0.31 | ) | 27.62 | 6.91 | 16,572 | 0.65 | † | (0.17 | )† | 42.66 | ||||||||||||||||||||
— | (0.17 | ) | 26.13 | 18.61 | 16,984 | 0.65 | 0.67 | 27.78 | ||||||||||||||||||||||
— | (0.10 | ) | 22.18 | (0.54 | ) | 21,071 | 0.66 | 0.39 | 114.67 | |||||||||||||||||||||
— | (0.68 | ) | 22.40 | (21.70 | ) | 24,645 | 0.65 | 0.24 | 33.79 | |||||||||||||||||||||
— | (0.96 | ) | 29.24 | 31.56 | 19,007 | 0.65 | 1.14 | 42.59 | ||||||||||||||||||||||
— | (0.14 | ) | 23.23 | 6.20 | 13,940 | 0.65 | 2.09 | 42.02 | ||||||||||||||||||||||
— | (0.25 | ) | 16.31 | 20.98 | 1,631 | 0.68 | † | (0.62 | )† | 24.63 | ||||||||||||||||||||
(0.06 | ) | (0.41 | ) | 13.70 | (10.92 | ) | 1,370 | 0.66 | 2.78 | 37.12 | ||||||||||||||||||||
— | (0.12 | ) | 15.81 | 6.24 | 1,581 | 0.66 | † | 2.42 | † | 28.26 | ||||||||||||||||||||
— | (0.48 | ) | 16.64 | 5.98 | 5,324 | 0.66 | † | (0.19 | )† | 8.44 | ||||||||||||||||||||
— | (0.69 | ) | 16.18 | (2.55 | ) | 7,281 | 0.66 | 4.73 | 25.75 | |||||||||||||||||||||
— | (0.26 | ) | 17.23 | 16.56 | 1,723 | 0.65 | † | 4.44 | † | 14.00 | ||||||||||||||||||||
— | (0.24 | ) | 39.19 | 11.39 | 11,366 | 0.29 | † | (0.06 | )† | 18.04 | ||||||||||||||||||||
— | (0.46 | ) | 35.40 | 30.23 | 5,310 | 0.29 | 1.62 | 20.32 | ||||||||||||||||||||||
— | (0.22 | ) | 27.60 | 11.27 | 2,760 | 0.29 | † | 2.26 | † | 12.46 |
(1) | The Fund commenced operations on December 7, 2018. |
* | 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. |
Amounts designated as “—“ are $0 or have been rounded to $0.
120
Financial Highlights | ||
Selected Per Share Data & Ratios
For a Share Outstanding Throughout the Period
Net Asset Value, Beginning of Period ($) | Net Investment Income ($)* | Net Realized and Unrealized Gain (Loss) on Investments ($) | Total from Operations ($) | Distribution from Net Investment Income ($) | ||||||||||||||||
Global X MSCI Greece ETF | ||||||||||||||||||||
2021(Unaudited) | 17.68 | 0.07 | 11.29 | 11.36 | (0.53 | ) | ||||||||||||||
2020(1) | 29.91 | 0.66 | (12.20 | ) | (11.54 | ) | (0.69 | ) | ||||||||||||
2019(1) | 23.04 | 0.63 | 6.87 | 7.50 | (0.63 | ) | ||||||||||||||
2018(1) | 27.90 | 0.57 | (4.77 | ) | (4.20 | ) | (0.66 | ) | ||||||||||||
2017(1) | 22.05 | 0.45 | 5.85 | 6.30 | (0.45 | ) | ||||||||||||||
2016(1) | 31.23 | 0.39 | (9.21 | ) | (8.82 | ) | (0.36 | ) | ||||||||||||
Global X MSCI Norway ETF | ||||||||||||||||||||
2021(Unaudited) | 9.59 | 0.19 | 4.81 | 5.00 | (0.13 | ) | ||||||||||||||
2020 | 11.69 | 0.20 | (2.09 | ) | (1.89 | ) | (0.21 | ) | ||||||||||||
2019 | 13.97 | 0.42 | (1.80 | ) | (1.38 | ) | (0.90 | ) | ||||||||||||
2018 | 13.50 | 0.37 | 0.48 | 0.85 | (0.38 | ) | ||||||||||||||
2017 | 11.07 | 0.41 | 2.34 | 2.75 | (0.32 | ) | ||||||||||||||
2016 | 10.75 | 0.35 | 0.34 | 0.69 | (0.37 | ) | ||||||||||||||
Global X DAX Germany ETF(2) | ||||||||||||||||||||
2021(Unaudited) | 25.21 | 0.37 | 8.41 | 8.78 | (0.40 | ) | ||||||||||||||
2020 | 27.28 | 0.87 | (2.64 | ) | (1.77 | ) | (0.30 | ) | ||||||||||||
2019(3) | 25.92 | 0.67 | 1.82 | 2.49 | (1.11 | ) | ||||||||||||||
2018(3) | 31.25 | 0.77 | (5.75 | )‡ | (4.98 | ) | (0.35 | ) | ||||||||||||
2017(3) | 24.73 | 0.48 | 6.91 | 7.39 | (0.83 | ) | ||||||||||||||
2016(3) | 25.82 | 0.45 | (1.33 | ) | (0.88 | ) | (0.21 | ) |
121
Financial Highlights | ||
Return of Capital ($) | Total from Distributions ($) | 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 (%)†† | |||||||||||||||||||||||
— | (0.53 | ) | 28.51 | 64.58 | 165,823 | 0.58 | † | 0.57 | † | 12.73 | ||||||||||||||||||||
— | (0.69 | ) | 17.68 | (39.39 | ) | 109,016 | 0.58 | 2.81 | 28.48 | |||||||||||||||||||||
— | (0.63 | ) | 29.91 | 33.57 | 338,840 | 0.57 | 2.43 | 12.67 | ||||||||||||||||||||||
— | (0.66 | ) | 23.04 | (15.63 | ) | 257,901 | 0.59 | 1.98 | 16.38 | |||||||||||||||||||||
— | (0.45 | ) | 27.90 | 29.04 | 349,788 | 0.61 | 1.69 | 21.59 | ||||||||||||||||||||||
— | (0.36 | ) | 22.05 | (28.33 | ) | 245,561 | 0.62 | 1.71 | 76.19 | |||||||||||||||||||||
— | (0.13 | ) | 14.46 | 52.37 | 45,533 | 0.50 | † | 3.05 | † | 5.14 | ||||||||||||||||||||
— | (0.21 | ) | 9.59 | (16.32 | ) | 33,570 | 0.50 | 1.92 | 8.38 | |||||||||||||||||||||
— | (0.90 | ) | 11.69 | (9.77 | ) | 78,323 | 0.50 | 3.36 | 9.63 | |||||||||||||||||||||
— | (0.38 | ) | 13.97 | 6.47 | 163,471 | 0.50 | 2.64 | 9.55 | ||||||||||||||||||||||
— | (0.32 | ) | 13.50 | 25.53 | 164,736 | 0.50 | 3.41 | 9.53 | ||||||||||||||||||||||
— | (0.37 | ) | 11.07 | 6.86 | 113,997 | 0.50 | 3.39 | 16.62 | ||||||||||||||||||||||
— | (0.40 | ) | 33.59 | 34.95 | 39,298 | 0.20 | †+ | 2.37 | † | 6.35 | ||||||||||||||||||||
— | (0.30 | ) | 25.21 | (6.53 | ) | 23,948 | 0.20 | + | 3.30 | 10.93 | ||||||||||||||||||||
(0.02 | ) | (1.13 | ) | 27.28 | 9.98 | 16,370 | 0.21 | + | 2.65 | 15.36 | ||||||||||||||||||||
— | (0.35 | ) | 25.92 | (16.05)@ | 16,851 | 0.20 | 2.57 | 7.00 | ||||||||||||||||||||||
(0.04 | ) | (0.87 | ) | 31.25 | 30.40 | 17,186 | 0.38 | 1.74 | 9.00 | |||||||||||||||||||||
— | (0.21 | ) | 24.73 | (3.41 | ) | 13,601 | 0.45 | 1.86 | 14.00 |
(1) | Per share amounts have been adjusted for a 1 for 3 reverse share split on April 28, 2020 (See Note 9 in the Notes to Financial Statements). |
(2) | The financial statements include the financial information of the Predecessor Fund through December 21, 2018 (See Note 1 in Notes to Financial Statements). |
(3) | As a result of the Reorganization, the Fund assumed the performance and accounting history of the Predecessor Fund. Accordingly, performance figures for the Fund for periods prior to the date of the Reorganization represent the performance of the Predecessor Fund (See Note 1 in Notes to Financial Statements). |
* | 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. |
‡ | Includes a $0.10 gain per share derived from a payment from the prior administrator of the Predecessor Fund. |
† | 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. |
@ | Before payment from the prior administrator of the Predecessor Fund for the loss resulting from an error, the total return for the period would have been (16.37%). |
+ | Effective March 1, 2021, the Fund’s management fees were permanently lowered to 0.20%. Prior to March 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 0.36%, 0.45% and 0.46% for the period ended April 30, 2021 and years ended October 31, 2020 and October 31, 2019, respectively. |
Amounts designated as “—“ are $0 or have been rounded to $0.
122
Financial Highlights | ||
Selected Per Share Data & Ratios
For a Share Outstanding Throughout the Period
Net Asset Value, Beginning of Period ($) | Net Investment Income ($)* | Net Realized and Unrealized Gain (Loss) on Investments ($) | Total from Operations ($) | Distribution from Net Investment Income ($) | Total from Distributions ($) | Net Asset Value, End of Period ($) | ||||||||||||||||||||||
Global X MSCI Portugal ETF | ||||||||||||||||||||||||||||
2021(Unaudited) | 8.50 | 0.09 | 2.90 | 2.99 | (0.07 | ) | (0.07 | ) | 11.42 | |||||||||||||||||||
2020 | 10.71 | 0.23 | (2.16 | ) | (1.93 | ) | (0.28 | ) | (0.28 | ) | 8.50 | |||||||||||||||||
2019 | 11.24 | 0.36 | (0.11 | ) | 0.25 | (0.78 | ) | (0.78 | ) | 10.71 | ||||||||||||||||||
2018 | 12.49 | 0.36 | (1.25 | ) | (0.89 | ) | (0.36 | ) | (0.36 | ) | 11.24 | |||||||||||||||||
2017 | 9.88 | 0.36 | 2.65 | 3.01 | (0.40 | ) | (0.40 | ) | 12.49 | |||||||||||||||||||
2016 | 10.85 | 0.42 | (0.93 | ) | (0.51 | ) | (0.46 | ) | (0.46 | ) | 9.88 | |||||||||||||||||
Global X MSCI Colombia ETF | ||||||||||||||||||||||||||||
2021(Unaudited) | 23.26 | 0.30 | 4.20 | 4.50 | (0.58 | ) | (0.58 | ) | 27.18 | |||||||||||||||||||
2020(1) | 38.16 | 1.14 | (15.00 | ) | (13.86 | ) | (1.04 | ) | (1.04 | ) | 23.26 | |||||||||||||||||
2019(1) | 34.72 | 1.04 | 3.96 | 5.00 | (1.56 | ) | (1.56 | ) | 38.16 | |||||||||||||||||||
2018(1) | 38.24 | 0.84 | (3.64 | ) | (2.80 | ) | (0.72 | ) | (0.72 | ) | 34.72 | |||||||||||||||||
2017(1) | 36.88 | 0.72 | 1.16 | 1.88 | (0.52 | ) | (0.52 | ) | 38.24 | |||||||||||||||||||
2016(1) | 35.16 | 0.64 | 1.56 | 2.20 | (0.48 | ) | (0.48 | ) | 36.88 | |||||||||||||||||||
Global X MSCI Argentina ETF | ||||||||||||||||||||||||||||
2021(Unaudited) | 23.64 | 0.08 | 6.29 | 6.37 | (0.09 | ) | (0.09 | ) | 29.92 | |||||||||||||||||||
2020 | 21.83 | 0.06 | 1.83 | 1.89 | (0.08 | ) | (0.08 | ) | 23.64 | |||||||||||||||||||
2019 | 25.36 | 0.29 | (3.26 | ) | (2.97 | ) | (0.56 | ) | (0.56 | ) | 21.83 | |||||||||||||||||
2018 | 32.05 | 0.35 | (6.87 | ) | (6.52 | ) | (0.17 | ) | (0.17 | ) | 25.36 | |||||||||||||||||
2017 | 23.69 | 0.07 | 8.37 | 8.44 | (0.08 | ) | (0.08 | ) | 32.05 | |||||||||||||||||||
2016 | 19.81 | 0.15 | 3.89 | 4.04 | (0.16 | ) | (0.16 | ) | 23.69 |
123
Financial Highlights | ||
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 (%)†† | ||||||||||||||
35.14 | 15,421 | 0.59 | † | 1.61 | † | 24.59 | ||||||||||||
(18.37 | ) | 13,169 | 0.58 | 2.34 | 25.19 | |||||||||||||
2.72 | 22,487 | 0.58 | 3.41 | 20.74 | ||||||||||||||
(7.26 | ) | 25,295 | 0.57 | 2.91 | 21.05 | |||||||||||||
31.88 | 63,705 | 0.60 | 3.31 | 25.31 | ||||||||||||||
(4.86 | ) | 25,694 | 0.61 | 4.26 | 27.20 | |||||||||||||
18.95 | 39,947 | 0.61 | † | 2.07 | † | 8.63 | ||||||||||||
(36.91 | ) | 34,181 | 0.62 | 3.91 | 20.85 | |||||||||||||
15.05 | 72,282 | 0.62 | 2.81 | 18.05 | ||||||||||||||
(7.55 | ) | 82,282 | 0.62@ | 2.01 | 39.15 | |||||||||||||
5.24 | 92,984 | 0.62@ | 1.83 | 40.93 | ||||||||||||||
6.55 | 88,760 | 0.65@ | 1.82 | 37.60 | ||||||||||||||
26.92 | 40,238 | 0.59 | † | 0.55 | † | 15.46 | ||||||||||||
8.61 | 38,421 | 0.60 | 0.25 | 49.17 | ||||||||||||||
(12.08 | ) | 59,482 | 0.60 | 1.08 | 28.88 | |||||||||||||
(20.48 | ) | 89,391 | 0.60 | ‡ | 1.07 | 34.46 | ||||||||||||
35.79 | 183,468 | 0.65 | ‡ | 0.24 | 24.45 | |||||||||||||
20.65 | 90,602 | 0.74 | 0.69 | 20.88 |
(1) | Per share amounts have been adjusted for a 1 for 4 reverse share split on April 28, 2020 (See Note 9 in the Notes to Financial Statements). |
* | 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. |
‡ | The ratio of Expenses to Average Net Assets includes the effect of a waiver. If these offsets were excluded, the ratios would have been 0.66% and 0.74% for the years ended October 31, 2018 and 2017. |
† | 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 ratio of Expenses to Average Net Assets includes the effect of a waiver. If these offsets were excluded, the ratio would have been 0.68%, 0.81% and 0.84% for the years ended October 31, 2018, 2017 and 2016, respectively. |
124
Financial Highlights | ||
Selected Per Share Data & Ratios
For a Share Outstanding Throughout the Period
Net Asset Value, Beginning of Period ($) | Net Investment Income ($)* | Net Realized and Unrealized Gain (Loss) on Investments ($) | Total from Operations ($) | Distribution from Net Investment Income ($) | Distribution from Capital Gains ($) | Total from Distributions ($) | ||||||||||||||||||||||
Global X MSCI Pakistan ETF | ||||||||||||||||||||||||||||
2021(Unaudited) | 27.38 | 0.95 | 1.99 | 2.94 | (0.48 | ) | — | (0.48 | ) | |||||||||||||||||||
2020(1) | 26.32 | 0.68 | 1.17 | 1.85 | (0.79 | ) | — | (0.79 | ) | |||||||||||||||||||
2019(1) | 41.04 | 1.52 | (13.88 | ) | (12.36 | ) | (2.36 | ) | — | (2.36 | ) | |||||||||||||||||
2018(1) | 54.24 | 1.88 | (10.72 | ) | (8.84 | ) | (1.76 | ) | (2.60 | ) | (4.36 | ) | ||||||||||||||||
2017(1) | 60.92 | 3.00 | (7.60 | ) | (4.60 | ) | (2.08 | ) | — | (2.08 | ) | |||||||||||||||||
2016(1) | 56.68 | 2.32 | 3.60 | 5.92 | (1.48 | ) | (0.20 | ) | (1.68 | ) | ||||||||||||||||||
Global X MSCI Nigeria ETF | ||||||||||||||||||||||||||||
2021(Unaudited) | 14.25 | 0.57 | 0.05 | 0.62 | (0.77 | ) | — | (0.77 | ) | |||||||||||||||||||
2020 | 12.23 | 0.80 | 1.30 | 2.10 | (0.08 | ) | — | (0.08 | ) | |||||||||||||||||||
2019 | 17.98 | 0.87 | (4.96 | ) | (4.09 | ) | (1.66 | ) | — | (1.66 | ) | |||||||||||||||||
2018 | 21.43 | 0.73 | (3.76 | ) | (3.03 | ) | (0.42 | ) | — | (0.42 | ) | |||||||||||||||||
2017(2) | 17.24 | 0.54 | 4.07 | 4.61 | (0.42 | ) | — | (0.42 | ) | |||||||||||||||||||
2016(2) | 31.76 | 0.86 | (14.16 | ) | (13.30 | ) | (1.22 | ) | — | (1.22 | ) | |||||||||||||||||
Global X MSCI Next Emerging & Frontier ETF | ||||||||||||||||||||||||||||
2021(Unaudited) | 16.46 | 0.24 | 3.41 | 3.65 | (0.26 | ) | — | (0.26 | ) | |||||||||||||||||||
2020 | 20.09 | 0.41 | (3.55 | ) | (3.14 | ) | (0.49 | ) | — | (0.49 | ) | |||||||||||||||||
2019 | 20.22 | 0.55 | 0.31 | 0.86 | (0.99 | ) | — | (0.99 | ) | |||||||||||||||||||
2018 | 23.28 | 0.59 | (3.24 | ) | (2.65 | ) | (0.41 | ) | — | (0.41 | ) | |||||||||||||||||
2017 | 20.15 | 0.40 | 3.21 | 3.61 | (0.48 | ) | — | (0.48 | ) | |||||||||||||||||||
2016 | 19.27 | 0.20 | 1.14 | 1.34 | (0.46 | ) | — | (0.46 | ) |
125
Financial Highlights | ||
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 (%)†† | |||||||||||||||||
29.84 | 10.78 | 28,711 | 0.85 | † | 6.45 | † | 27.39 | |||||||||||||||
27.38 | 6.99 | 34,555 | 0.90 | 2.44 | 52.38 | |||||||||||||||||
26.32 | (30.73 | ) | 41,804 | 0.88 | 5.14 | 19.09 | ||||||||||||||||
41.04 | (17.53 | ) | 40,024 | 0.87 | 3.84 | 44.05 | ||||||||||||||||
54.24 | (8.25 | ) | 53,576 | 0.89 | 4.64 | 65.51 | ||||||||||||||||
60.92 | 10.87 | 10,664 | 0.91 | 4.01 | 21.22 | |||||||||||||||||
14.10 | 4.08 | 41,760 | 0.82 | † | 7.85 | † | 4.39 | |||||||||||||||
14.25 | 17.25 | 42,199 | 0.89 | 6.81 | 18.79 | |||||||||||||||||
12.23 | (24.55 | ) | 32,561 | 0.89 | 5.70 | 45.62 | ||||||||||||||||
17.98 | (14.46 | ) | 40,675 | 0.88 | 3.29 | 62.52 | ||||||||||||||||
21.43 | 27.52 | 64,559 | 1.07 | 2.99 | 21.07 | |||||||||||||||||
17.24 | (43.30 | ) | 28,009 | 1.02@ | 3.80 | 29.61 | ||||||||||||||||
19.85 | 22.22 | 19,846 | 0.65 | † | 2.53 | † | 14.17 | |||||||||||||||
16.46 | (15.85 | ) | 13,991 | 0.70 | 2.36 | 31.66 | ||||||||||||||||
20.09 | 4.29 | 18,077 | 0.66 | 2.66 | 78.67 | |||||||||||||||||
20.22 | (11.66 | ) | 13,145 | 0.55 | 2.54 | 14.62 | ||||||||||||||||
23.28 | 18.53 | 16,294 | 0.56 | 1.89 | 7.93 | |||||||||||||||||
20.15 | 7.33 | 15,112 | 0.56 | 1.13 | 9.35 |
(1) | Per share amounts have been adjusted for a 1 for 4 reverse share split on April 28, 2020 (See Note 9 in the Notes to Financial Statements). |
(2) | Per share amounts have been adjusted for a 1 for 4 reverse share split on March 16, 2017 (See Note 9 in the Notes to Financial Statements). |
* | 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 ratio of Expenses to Average Net Assets includes the effect of a waiver. If these offsets were excluded,the ratio would have been 1.10% for the year ended October 31, 2016. |
Amounts designated as “—“ are $0 or have been rounded to $0.
126
Financial Highlights | ||
Selected Per Share Data & Ratios
For a Share Outstanding Throughout the Period
Net Asset Value, Beginning of Period ($) | Net Investment Income ($)* | Net Realized and Unrealized Gain (Loss) on Investments ($) | Total from Operations ($) | Distribution from Net Investment Income ($) | Return of Capital ($) | Total from Distributions ($) | ||||||||||||||||||||||
Global X FTSE Nordic Region ETF | ||||||||||||||||||||||||||||
2021(Unaudited) | 23.37 | 0.37 | 6.30 | 6.67 | (0.18 | ) | — | (0.18 | ) | |||||||||||||||||||
2020 | 20.69 | 0.20 | 2.62 | 2.82 | (0.14 | ) | — | (0.14 | ) | |||||||||||||||||||
2019 | 20.82 | 0.06 | 1.02 | 1.08 | (0.84 | ) | (0.37 | ) | (1.21 | ) | ||||||||||||||||||
2018 | 23.89 | 0.63 | (2.87 | ) | (2.24 | ) | (0.83 | ) | — | (0.83 | ) | |||||||||||||||||
2017 | 19.38 | 0.51 | 4.72 | 5.23 | (0.72 | ) | — | (0.72 | ) | |||||||||||||||||||
2016 | 22.29 | 0.63 | (2.91 | ) | (2.28 | ) | (0.63 | ) | — | (0.63 | ) | |||||||||||||||||
Global X FTSE Southeast Asia ETF | ||||||||||||||||||||||||||||
2021(Unaudited) | 11.66 | 0.14 | 3.22 | 3.36 | (0.10 | ) | — | (0.10 | ) | |||||||||||||||||||
2020 | 15.95 | 0.37 | (4.27 | ) | (3.90 | ) | (0.39 | ) | — | (0.39 | ) | |||||||||||||||||
2019 | 15.32 | 0.44 | 0.91 | 1.35 | (0.72 | ) | — | (0.72 | ) | |||||||||||||||||||
2018 | 15.91 | 0.49 | (0.81 | ) | (0.32 | ) | (0.27 | ) | — | (0.27 | ) | |||||||||||||||||
2017 | 13.72 | 0.32 | 2.23 | 2.55 | (0.36 | ) | — | (0.36 | ) | |||||||||||||||||||
2016 | 13.07 | 0.31 | 0.78 | 1.09 | (0.44 | ) | — | (0.44 | ) |
127
Financial Highlights | ||
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 (%)†† | |||||||||||||||||
29.86 | 28.62 | 34,941 | 0.51 | † | 2.67 | † | 5.10 | |||||||||||||||
23.37 | 13.70 | 23,609 | 0.51 | 0.92 | 4.90 | |||||||||||||||||
20.69 | 5.44 | 16,756 | 0.56 | 0.30 | 4.27 | |||||||||||||||||
20.82 | (9.67 | ) | 24,149 | 0.58 | 2.80 | 7.37 | ||||||||||||||||
23.89 | 27.97 | 38,464 | 0.55 | 2.37 | 6.79 | |||||||||||||||||
19.38 | (10.54 | ) | 40,899 | 0.51 | 3.01 | 10.90 | ||||||||||||||||
14.92 | 28.82 | 32,076 | 0.65 | † | 1.98 | † | 13.51 | |||||||||||||||
11.66 | (24.82 | ) | 20,981 | 0.65 | 2.77 | 5.98 | ||||||||||||||||
15.95 | 8.94 | 26,323 | 0.65 | 2.76 | 7.01 | |||||||||||||||||
15.32 | (2.15 | ) | 17,614 | 0.65 | 2.94 | 11.98 | ||||||||||||||||
15.91 | 19.19 | 14,320 | 0.65 | 2.23 | 7.78 | |||||||||||||||||
13.72 | 8.75 | 12,349 | 0.65 | 2.40 | 12.94 |
* | 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. |
Amounts designated as “—“ are $0 or have been rounded to $0.
128
Notes to Financial Statements (unaudited) | ||
April 30, 2021 |
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, as amended, as an open-end management investment company. As of April 30, 2021, the Trust had eighty-eight portfolios, eighty-one of which were operational. The financial statements herein and the related notes pertain to the Global X MSCI China Energy ETF, Global X MSCI China Materials ETF, Global X MSCI China Industrials ETF, Global X MSCI China Consumer Discretionary ETF, Global X MSCI China Consumer Staples ETF, Global X MSCI China Health Care ETF, Global X MSCI China Financials ETF, Global X MSCI China Information Technology ETF, Global X MSCI China Communication Services ETF, Global X MSCI China Utilities ETF, Global X MSCI China Real Estate ETF, Global X MSCI China Large-Cap 50 ETF, Global X MSCI Greece ETF, Global X MSCI Norway ETF, Global X DAX Germany ETF, Global X MSCI Portugal ETF, Global X MSCI Colombia ETF, Global X MSCI Argentina ETF, Global X MSCI Pakistan ETF, Global X MSCI Nigeria ETF, Global X MSCI Next Emerging & Frontier ETF, Global X FTSE Nordic Region ETF and Global X FTSE Southeast Asia ETF (each a “Fund”, and collectively, the “Funds”). Each Fund (except for the Global X MSCI Next Emerging & Frontier ETF) has elected non-diversified status.
On December 24, 2018, the shareholders of the Horizons DAX Germany ETF (the “Predecessor Fund”) approved a proposed agreement and plan of reorganization (the “Reorganization”) that provided for (a) the transfer of all the assets to the Global X DAX Germany ETF (the “Germany Fund”) and the assumption of certain of the liabilities of the Predecessor Fund; (b) the issuance of shares of the Germany Fund to the shareholders of the Predecessor Fund; and (c) the liquidation and termination of the Predecessor Fund. The effective date of the Reorganization was December 24, 2018. The Germany Fund had no operations prior to the Reorganization. The Predecessor Fund had substantially similar investment objectives, investment strategies, policies and restrictions as those of the Germany Fund. The financial statements and financial highlights include the financial information of the Predecessor Fund through December 21, 2018.
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. 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 and 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 differ from those estimates.
129
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
RETURN OF CAPITAL ESTIMATES — Distributions received by the Funds from underlying Master Limited Partnership (“MLP”) and real estate investment trust (“REIT”) investments generally are comprised of income and return of capital. The Funds record investment income and return of capital based on estimates made at the time such distributions are received. Such estimates are based on historical information available from the MLPs, REITs and other industry sources. These estimates may subsequently be revised based on information received from the MLPs and REITs after their tax reporting periods are concluded.
SECURITY VALUATION — Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (except for securities traded on 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 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 approximate 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. 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 amortized cost, which approximates market value. The prices for foreign securities are reported in local currency and converted to U.S. dollars using currency exchange rates. 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.
Securities for which market prices are not “readily available” are valued in accordance with Fair Value Procedures established by the Board of Trustees (the “Board”). The Funds’ Fair Value Procedures are implemented through a Fair Value Committee (the “Committee”) designated by the Board. Some of the more common reasons that may necessitate that a security be valued using the Fair Value Procedures include: the security’s trading has been halted or suspended; the security has been de-listed from its primary trading exchange; the security’s primary trading market is temporarily closed at a time when, under normal conditions, it would be open; the security has not been traded for an extended period of time; the security’s primary pricing source is not able or willing to provide a price; or trading of the security is subject to local government-imposed restrictions. In addition, the Funds may fair value a security if an event that may
130
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
materially affect the value of the Funds’ security that traded outside of the United States (a “Significant Event”) has occurred between the time of the security’s last close and the time that the Funds calculate their net asset values. 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 Global X Management Company LLC, the Funds’ investment adviser (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 net asset values, 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 relevant information reasonably available to the Committee. As of April 30, 2021, there were securities valued using the Fair Value Procedures of $0, $6,632,038, $386,778, $3, $7,861, $13 and $199 in Global X MSCI China Materials ETF, Global X MSCI China Consumer Discretionary ETF, Global X MSCI China Financials ETF, Global X MSCI China Communication Services ETF, Global X MSCI Greece ETF, Global X MSCI Portugal ETF and Global X MSCI Argentina ETF, respectively. There were no other securities priced using the Fair Value Procedures.
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 net asset value as of the measurement date or within the near term, and short-term investments valued at amortized cost)
131
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
Level 3 – Significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments, fair value of investments for which the Funds do not have the ability to fully redeem tranches at net asset value 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 the period ended April 30, 2021, there have been no significant changes to the Funds’ fair valuation methodologies.
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 at April 30, 2021. 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 by BNP Paribas are held by Brown Brothers Harriman & Co. (“BBH”), the Funds’ custodian (“custodian”), 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 the Funds’ policy to only enter into repurchase agreements with banks and other financial institutions which are deemed by the Adviser to be creditworthy. The Fund bears the risk of loss in the event that 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 (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.
132
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
Repurchase agreements are entered into by the Funds under Master Repurchase Agreements (“MRA”) which permit the Funds, under certain circumstances, including an event of default (such as bankruptcy or insolvency), to offset payables and/or receivables under the MRA with collateral held and/or posted to the counterparty and create one single net payment due to or from the Funds.
As of April 30, 2021, the open repurchase agreements by counterparty which are subject to an MRA on a net payment basis are as follows:
Repurchase Agreements | Fair Value of Non-cash Collateral Received(1) | Cash Collateral Received | Net Amount(2) | |||||||||||||
Global X MSCI China Consumer Discretionary ETF | ||||||||||||||||
BNP Paribas | $ | 4,367,672 | $ | 4,367,672 | $ | - | $ | - | ||||||||
Global X MSCI China Communication Services ETF | ||||||||||||||||
BNP Paribas | 170,322 | 170,322 | - | - | ||||||||||||
Global X MSCI Greece ETF | ||||||||||||||||
BNP Paribas | 7,307,165 | 7,307,165 | - | - | ||||||||||||
Global X MSCI Portugal ETF | ||||||||||||||||
BNP Paribas | 105,413 | 105,413 | - | - | ||||||||||||
Global X MSCI Argentina ETF | ||||||||||||||||
BNP Paribas | 1,604,064 | 1,604,064 | - | - | ||||||||||||
Global X FTSE Southeast Asia ETF | ||||||||||||||||
BNP Paribas | 287,469 | 287,469 | - | - |
(1) | Excess collateral received is not presented in the table above. Please refer to the Schedules of Investments for the market value of the collateral received for each Fund. |
(2) | Net Amount represents the net amount receivable due from the counterparty in the event of default. |
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. Accordingly, no provisions for Federal income taxes have been made in the financial statements except as described below.
The Funds evaluate tax positions taken or expected to be taken in the course of preparing the Funds’ tax returns to determine whether it is “more-likely-than-not” (i.e., greater than 50 percent) that each tax position will be sustained upon examination by a taxing authority based on the technical merits of the position. Tax positions not deemed to meet the more-likely-than-not threshold are recorded as a tax benefit or expense in the current year. The Funds did not record any tax positions in the current period; however, management’s conclusion 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 therof.
133
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
If the Funds have foreign tax filings that have not been made, the tax years that remain subject to examination may date back to the inception of each Fund.
As of and during the period ended April 30, 2021, 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 in income tax expense on the Statement of Operations. During the reporting period, the Funds did not incur any interest or penalties.
SECURITY TRANSACTIONS AND INVESTMENT INCOME — Security transactions are accounted for on the trade date for financial reporting purposes. Costs used in determining realized gains and losses on the sale of investment securities are based on specific identification. Dividend income is recorded on the ex-dividend date. Interest income is recognized on the accrual basis from the settlement date.
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 Statement 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.
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.
CASH OVERDRAFT CHARGES — Per the terms of an agreement with BBH, if a Fund has a cash overdraft on a given day, it will be assessed an overdraft charge of LIBOR plus 2.00%. Cash overdraft charges are included in custodian fees on the Statements of Operations.
CREATION UNITS — The Funds issue and redeem their shares (“Shares”) on a continuous basis at net asset value (“NAV”) and only in large blocks of 10,000 Shares, referred to as “Creation Units”. Purchasers of Creation Units (“Authorized Participants”)
134
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
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 BBH on the date of such redemption, regardless of the number of Creation Units redeemed that day. If a Creation Unit is purchased or redeemed for cash, an additional variable fee may be charged. The following table discloses Creation Unit breakdown:
Creation Unit Shares | Creation Fee | Value at April 30, 2021 | Redemption Fee | |||||||||||||
Global X MSCI China Energy ETF | 10,000 | $ | 800 | $ | 94,400 | $ | 800 | |||||||||
Global X MSCI China Materials ETF | 10,000 | 1,500 | 246,000 | 1,500 | ||||||||||||
Global X MSCI China Industrials ETF | 10,000 | 2,100 | 165,200 | 2,100 | ||||||||||||
Global X MSCI China Consumer Discretionary ETF | 10,000 | 1,600 | 338,000 | 1,600 | ||||||||||||
Global X MSCI China Consumer Staples ETF | 10,000 | 1,300 | 325,200 | 1,300 | ||||||||||||
Global X MSCI China Health Care ETF | 10,000 | 1,400 | 304,600 | 1,400 | ||||||||||||
Global X MSCI China Financials ETF | 10,000 | 2,100 | 158,200 | 2,100 | ||||||||||||
Global X MSCI China Information Technology ETF | 10,000 | 1,900 | 311,200 | 1,900 | ||||||||||||
Global X MSCI China Communication Services ETF | 10,000 | 800 | 276,200 | 800 | ||||||||||||
Global X MSCI China Utilities ETF | 10,000 | 1,000 | 163,100 | 1,000 | ||||||||||||
Global X MSCI China Real Estate ETF | 10,000 | 1,200 | 166,400 | 1,200 | ||||||||||||
Global X MSCI China Large-Cap 50 ETF | 10,000 | 1,300 | 391,900 | 1,300 | ||||||||||||
Global X MSCI Greece ETF | 10,000 | 500 | 285,100 | 500 | ||||||||||||
Global X MSCI Norway ETF | 10,000 | 1,200 | 144,600 | 1,200 | ||||||||||||
Global X DAX Germany ETF | 10,000 | 500 | 335,900 | 500 | ||||||||||||
Global X MSCI Portugal ETF | 10,000 | 1,000 | 114,200 | 1,000 | ||||||||||||
Global X MSCI Colombia ETF | 10,000 | 2,000 | 271,800 | 2,000 | ||||||||||||
Global X MSCI Argentina ETF | 10,000 | 500 | 299,200 | 500 | ||||||||||||
Global X MSCI Pakistan ETF | 10,000 | 2,800 | 298,400 | 2,800 | ||||||||||||
Global X MSCI Nigeria ETF | 10,000 | 2,000 | 141,000 | 2,000 | ||||||||||||
Global X MSCI Next Emerging & Frontier ETF | 10,000 | 9,500 | 198,500 | 9,500 | ||||||||||||
Global X FTSE Nordic Region ETF | 10,000 | 1,000 | 298,600 | 1,000 | ||||||||||||
Global X FTSE Southeast Asia ETF | 10,000 | 2,100 | 149,200 | 2,100 |
135
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
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, which is a leading financial services company in Korea and is the headquarters for the Mirae Asset Global Investments Group.
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 Funds, under 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 Fund). 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, custodian fees and other transaction expenses, interest expenses, acquired fund fees and extraordinary expenses (such as litigation and indemnification expenses).
136
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)
Supervision and Administration Fee | ||||
Global X MSCI China Energy ETF | 0.65 | % | ||
Global X MSCI China Materials ETF | 0.65 | % | ||
Global X MSCI China Industrials ETF | 0.65 | % | ||
Global X MSCI China Consumer Discretionary ETF | 0.65 | % | ||
Global X MSCI China Consumer Staples ETF | 0.65 | % | ||
Global X MSCI China Health Care ETF | 0.65 | % | ||
Global X MSCI China Financials ETF | 0.65 | % | ||
Global X MSCI China Information Technology ETF | 0.65 | % | ||
Global X MSCI China Communication Services ETF | 0.65 | % | ||
Global X MSCI China Utilities ETF | 0.65 | % | ||
Global X MSCI China Real Estate ETF | 0.65 | % | ||
Global X MSCI China Large-Cap 50 ETF | 0.29 | % | ||
Global X MSCI Greece ETF | 0.55 | % | ||
Global X MSCI Norway ETF | 0.50 | % | ||
Global X DAX Germany ETF*** | 0.45 | % | ||
Global X MSCI Portugal ETF | 0.55 | % | ||
Global X MSCI Colombia ETF* | 0.61 | % | ||
Global X MSCI Argentina ETF** | 0.59 | % | ||
Global X MSCI Pakistan ETF | 0.68 | % | ||
Global X MSCI Nigeria ETF | 0.68 | % | ||
Global X MSCI Next Emerging & Frontier ETF | 0.49 | % | ||
Global X FTSE Nordic Region ETF | 0.50 | % | ||
Global X FTSE Southeast Asia ETF | 0.65 | % |
*Pursuant to an expense limitation agreement in existence between the Global X MSCI Colombia ETF (the “ Colombia Fund”) and the Adviser prior to March 1, 2018, the Adviser agreed to waive or reimburse fees and/or limit fund expenses to the extent necessary to assure that the operating expenses of the Colombia Fund (exclusive of taxes, brokerage fees, commissions, custodian fees, and other transaction expenses, interest and extraordinary expenses (such as litigation and indemnification expenses)) (“Total Annual Fund Operating Expenses”) would not exceed 0.61% of the Colombia Fund’s average daily net assets per year until at least March 1, 2018. Pursuant to the expense limitation agreement, the Colombia Fund (at a later date) could reimburse the Adviser for the fees and expenses it waived or reimbursed and/or limited during any of the prior three fiscal years, provided that, among other things, any reimbursement made to the Adviser would not cause Total Annual Fund Operating Expenses to exceed the maximum permitted rate during the period in
137
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)
which it is paid and the Board had approved such reimbursement to the Adviser. Although the Board voted on December 19, 2017 to permanently reduce the Colombia Fund’s fees to 0.61% and end the expense limitation agreement as of March 1, 2018, prior waived or reimbursed fees were still subject to recoupment. As of April 30, 2021, the recoupment period had expired and there had been no recoupment of previously waived and reimbursed fees for the semi-annual period ended on April 30, 2021.
**Pursuant to an expense limitation agreement in existence between the Global X MSCI Argentina ETF (the “Argentina Fund”) and the Adviser prior to May 1, 2018, the Adviser agreed to waive or reimburse fees and/or limit Fund expenses to the extent necessary to assure that the operating expenses of the Argentina Fund (exclusive of taxes, brokerage fees, commissions, custodian fees, and other transaction expenses, interest and extraordinary expenses (such as litigation and indemnification expenses)) (“Total Annual Fund Operating Expenses”) would not exceed 0.59% of the Argentina Fund’s average daily net assets per year until at least May 1, 2018. Pursuant to the expense limitation agreement, the Argentina Fund (at a later date) could reimburse the Adviser for the fees and expenses it waived or reimbursed and/or limited during any of the prior three fiscal years, provided that, among other things, any reimbursement made to the Adviser would not cause Total Annual Fund Operating Expenses of the Argentina Fund to exceed 0.59% during the period in which it is paid and the Board had approved such reimbursement to the Adviser. Although the Board voted on December 19, 2017 to permanently reduce the Argentina Fund’s fees to 0.59% and end the expense limitation agreement as of March 1, 2018, prior waived or reimbursed fees were still subject to recoupment. As of April 30, 2021, the recoupment period had expired and there had been no recoupment of previously waived and reimbursed fees for the semi-annual period ended on April 30, 2021.
***Effective August 1, 2017, Horizons ETFs Management (US) LLC (the “Predecessor Adviser”), contractually agreed to waive a portion of its management fee, which was 0.45% of the average daily net assets of the Predecessor Fund, and/or reimburse fees or expenses to 0.20% of the average daily net assets until July 31, 2019. The Board approved an Expense Limitation Agreement whereby the Adviser, effective as of the Reorganization, contractually agreed to reimburse or waive fees and/or limit the Germany Fund’s expenses to the extent necessary to assure that operating expenses (exclusive of taxes, brokerage fees, commissions and other transaction expenses, interest, and extraordinary expenses (such as litigation and indemnification expenses)) would not exceed 0.20% of the Germany Fund’s average daily net assets per year until March 1, 2021. The Board voted to permanently reduce the Germany Fund’s fees to 0.20% and end the expense limitation agreement as of March 1, 2021.
SEI Investments Global Funds Services (“SEIGFS”) serves as sub-administrator to the Funds. As sub-administrator, SEIGFS provides the Funds with the required general administrative services, including, without limitation: office space, equipment, and personnel; clerical and general back office services; bookkeeping, internal accounting and secretarial services; the calculation of NAV; and assistance with the preparation and filing of reports, registration statements, proxy statements and other materials required to be filed or furnished by the Funds under federal and state securities laws. As compensation for these services, SEIGFS receives certain out-of-pocket costs, transaction fees and asset-based fees which are accrued daily and paid monthly by the Adviser.
138
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
3. RELATED PARTIES AND SERVICE PROVIDER TRANSACTIONS (continued)
SEI Investments Distribution Co. (“SIDCO”) serves as each Fund’s underwriter and distributor of Creation Units pursuant to a Distribution Agreement. SIDCO has no obligation to sell any specific quantity of Fund Shares. 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 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 transfer agent and Custodian of the Funds’ assets. As Custodian, BBH has agreed to (1) make receipts and disbursements of money on behalf of the Fund, (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 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.
139
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
4. INVESTMENT TRANSACTIONS
For the period ended April 30, 2021, the purchases and sales of investments in securities, excluding in-kind transactions, long-term U.S. Government and short-term securities were:
Sales and | ||||||||
Purchases | Maturities | |||||||
Global X MSCI China Energy ETF | $ | 1,268,205 | $ | 504,654 | ||||
Global X MSCI China Materials ETF | 2,863,941 | 362,790 | ||||||
Global X MSCI China Industrials ETF | 254,591 | 286,637 | ||||||
Global X MSCI China Consumer Discretionary ETF | 330,140,501 | 145,310,777 | ||||||
Global X MSCI China Consumer Staples ETF | 5,320,458 | 2,831,180 | ||||||
Global X MSCI China Health Care ETF | 13,846,538 | 3,146,509 | ||||||
Global X MSCI China Financials ETF | 24,124,676 | 4,636,268 | ||||||
Global X MSCI China Information Technology ETF | 26,697,149 | 11,235,724 | ||||||
Global X MSCI China Communication Services ETF | 7,364,076 | 7,961,380 | ||||||
Global X MSCI China Utilities ETF | 382,062 | 408,336 | ||||||
Global X MSCI China Real Estate ETF | 563,421 | 995,809 | ||||||
Global X MSCI China Large-Cap 50 ETF | 4,618,577 | 1,513,058 | ||||||
Global X MSCI Greece ETF | 18,847,667 | 19,263,536 | ||||||
Global X MSCI Norway ETF | 2,154,737 | 2,051,776 | ||||||
Global X DAX Germany ETF | 2,084,112 | 2,213,108 | ||||||
Global X MSCI Portugal ETF | 3,761,669 | 3,752,452 | ||||||
Global X MSCI Colombia ETF | 3,575,241 | 3,958,316 | ||||||
Global X MSCI Argentina ETF | 7,106,681 | 8,557,917 | ||||||
Global X MSCI Pakistan ETF | 10,111,031 | 18,455,173 | ||||||
Global X MSCI Nigeria ETF | 1,816,246 | 3,961,084 | ||||||
Global X MSCI Next Emerging & Frontier ETF | 3,686,819 | 2,374,375 | ||||||
Global X FTSE Nordic Region ETF | 1,514,140 | 1,435,857 | ||||||
Global X FTSE Southeast Asia ETF | 5,023,681 | 4,052,203 |
During the period ended April 30, 2021, there were no purchases or sales of long-term U.S. Government securities for the Funds.
140
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
4. INVESTMENT TRANSACTIONS (continued)
For the period ended April 30, 2021, in-kind transactions associated with creations and redemptions were:
Sales and | Realized | |||||||||||
Purchases | Maturities | Gain/(Loss) | ||||||||||
Global X MSCI China Energy ETF | $ | 19,338 | $ | - | $ | - | ||||||
Global X MSCI China Consumer Discretionary ETF | 212,679,937 | 128,054,359 | 67,277,815 | |||||||||
Global X MSCI China Consumer Staples ETF | 31,911 | 793,407 | 184,817 | |||||||||
Global X MSCI China Health Care ETF | 2,761,065 | 3,358,542 | 1,271,534 | |||||||||
Global X MSCI China Financials ETF | 313,086 | 2,392,855 | 209,053 | |||||||||
Global X MSCI China Information Technology ETF | 1,204,555 | - | - | |||||||||
Global X MSCI China Communication Services ETF | - | 1,011,778 | 306,996 | |||||||||
Global X MSCI China Real Estate ETF | - | 1,906,593 | (4,649 | ) | ||||||||
Global X MSCI China Large-Cap 50 ETF | 2,632,018 | - | - | |||||||||
Global X MSCI Greece ETF | 7,200,442 | 18,449,602 | 2,093,061 | |||||||||
Global X MSCI Norway ETF | 1,931,707 | 5,797,072 | 892,196 | |||||||||
Global X DAX Germany ETF | 6,680,802 | - | - | |||||||||
Global X MSCI Portugal ETF | - | 2,229,197 | 383,367 | |||||||||
Global X MSCI Argentina ETF | 6,736,472 | �� | 13,401,881 | 4,511,616 | ||||||||
Global X MSCI Next Emerging & Frontier ETF | 1,510,052 | - | - | |||||||||
Global X FTSE Nordic Region ETF | 7,338,693 | 2,549,230 | 788,493 | |||||||||
Global X FTSE Southeast Asia ETF | 8,696,199 | 4,702,736 | 1,090,982 |
For the year ended October 31, 2020, in-kind transactions associated with creations and redemptions were:
Sales and | Realized | |||||||||||
Purchases | Maturities | Gain/(Loss) | ||||||||||
Global X MSCI China Materials ETF | $ | - | $ | 503,499 | $ | 9,330 | ||||||
Global X MSCI China Consumer Discretionary ETF | 95,439,580 | 40,246,660 | 11,569,839 | |||||||||
Global X MSCI China Consumer Staples ETF | - | 2,359,647 | 217,114 | |||||||||
Global X MSCI China Health Care ETF | 325,187 | 1,431,871 | 477,251 | |||||||||
Global X MSCI China Financials ETF | 125,640 | 21,519,835 | (3,087,371 | ) | ||||||||
Global X MSCI China Information Technology ETF | 861,404 | 3,622,313 | 435,527 | |||||||||
Global X MSCI China Communication Services ETF | - | 4,752,664 | 269,368 | |||||||||
Global X MSCI China Real Estate ETF | - | 5,348,336 | 295,031 | |||||||||
Global X MSCI China Large-Cap 50 ETF | 522,801 | - | - | |||||||||
Global X MSCI Greece ETF | 6,806,665 | 117,213,745 | (23,705,917 | ) | ||||||||
Global X MSCI Norway ETF | 12,518,174 | 49,771,316 | (7,419,655 | ) | ||||||||
Global X DAX Germany ETF | 16,196,555 | 6,537,418 | 1,372,275 | |||||||||
Global X MSCI Portugal ETF | - | 5,751,994 | 404,886 | |||||||||
Global X MSCI Colombia ETF | - | 4,250,418 | (373,292 | ) | ||||||||
Global X MSCI Argentina ETF | 11,622,517 | 32,767,167 | 4,759,481 | |||||||||
Global X MSCI Next Emerging & Frontier ETF | 333,226 | 625,784 | (171,539 | ) | ||||||||
Global X FTSE Nordic Region ETF | 5,918,400 | 1,111,825 | 289,941 | |||||||||
Global X FTSE Southeast Asia ETF | 2,093,095 | 460,399 | (11,727 | ) |
141
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
5. 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 tax character of dividends and distributions declared during the periods ended October 31, 2020 and 2019 were as follows:
Global X Funds | Ordinary Income | Long-Term Capital Gain | Return of Capital | Totals | ||||||||||||
Global X MSCI China Energy ETF | ||||||||||||||||
2020 | $ | 68,891 | $ | – | $ | – | $ | 68,891 | ||||||||
2019 | 123,563 | – | – | 123,563 | ||||||||||||
Global X MSCI China Materials ETF | ||||||||||||||||
2020 | $ | 57,446 | $ | – | $ | – | $ | 57,446 | ||||||||
2019 | 149,448 | – | – | 149,448 | ||||||||||||
Global X MSCI China Industrials ETF | ||||||||||||||||
2020 | $ | 31,434 | $ | – | $ | – | $ | 31,434 | ||||||||
2019 | 67,864 | – | – | 67,864 | ||||||||||||
Global X MSCI China Consumer Discretionary ETF | ||||||||||||||||
2020 | $ | 1,388,311 | $ | – | $ | – | $ | 1,388,311 | ||||||||
2019 | 3,541,990 | – | – | 3,541,990 | ||||||||||||
Global X MSCI China Consumer Staples ETF | ||||||||||||||||
2020 | $ | 136,194 | $ | 255 | $ | – | $ | 136,449 | ||||||||
2019 | 13,493 | – | – | 13,493 | ||||||||||||
Global X MSCI China Health Care ETF | ||||||||||||||||
2020 | $ | 16,313 | $ | – | $ | – | $ | 16,313 | ||||||||
2019 | 2,880 | – | – | 2,880 | ||||||||||||
Global X MSCI China Financials ETF | ||||||||||||||||
2020 | $ | 1,795,211 | $ | – | $ | – | $ | 1,795,211 | ||||||||
2019 | 2,438,433 | – | – | 2,438,433 | ||||||||||||
Global X MSCI China Information Technology ETF | ||||||||||||||||
2020 | $ | 53,606 | $ | – | $ | – | $ | 53,606 | ||||||||
2019 | 12,360 | – | – | 12,360 | ||||||||||||
Global X MSCI China Communication Services ETF | ||||||||||||||||
2020 | $ | 133,251 | $ | – | $ | – | $ | 133,251 | ||||||||
2019 | 115,344 | – | – | 115,344 | ||||||||||||
Global X MSCI China Utilities ETF | ||||||||||||||||
2020 | $ | 40,333 | $ | – | $ | – | $ | 40,333 | ||||||||
2019 | 12,312 | – | – | 12,312 |
142
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
5. TAX INFORMATION (continued)
Global X Funds | Ordinary Income | Long-Term Capital Gain | Return of Capital | Totals | ||||||||||||
Global X MSCI China Real Estate ETF | ||||||||||||||||
2020 | $ | 171,559 | $ | – | $ | – | $ | 171,559 | ||||||||
2019 | 26,242 | – | – | 26,242 | ||||||||||||
Global X MSCI China Large-Cap 50 ETF | ||||||||||||||||
2020 | $ | 45,697 | $ | – | $ | – | $ | 45,697 | ||||||||
2019 | 21,830 | – | – | 21,830 | ||||||||||||
Global X MSCI Greece ETF | ||||||||||||||||
2020 | $ | 6,932,583 | $ | – | $ | – | $ | 6,932,583 | ||||||||
2019 | 7,386,717 | – | – | 7,386,717 | ||||||||||||
Global X MSCI Norway ETF | ||||||||||||||||
2020 | $ | 1,003,442 | $ | – | $ | – | $ | 1,003,442 | ||||||||
2019 | 6,822,589 | – | – | 6,822,589 | ||||||||||||
Global X DAX Germany ETF | ||||||||||||||||
2020 | $ | 221,929 | $ | – | $ | – | $ | 221,929 | ||||||||
2019 | 666,693 | 10,877 | – | 677,570 | ||||||||||||
Global X MSCI Portugal ETF | ||||||||||||||||
2020 | $ | 491,011 | $ | – | $ | – | $ | 491,011 | ||||||||
2019 | 1,885,103 | – | – | 1,885,103 | ||||||||||||
Global X MSCI Colombia ETF | ||||||||||||||||
2020 | $ | 1,868,308 | $ | – | $ | – | $ | 1,868,308 | ||||||||
2019 | 3,425,053 | – | – | 3,425,053 | ||||||||||||
Global X MSCI Argentina ETF | ||||||||||||||||
2020 | $ | 231,396 | $ | – | $ | – | $ | 231,396 | ||||||||
2019 | 1,862,692 | – | – | 1,862,692 | ||||||||||||
Global X MSCI Pakistan ETF | ||||||||||||||||
2020 | $ | 1,334,151 | $ | – | $ | – | $ | 1,334,151 | ||||||||
2019 | 2,425,569 | – | – | 2,425,569 | ||||||||||||
Global X MSCI Nigeria ETF | ||||||||||||||||
2020 | $ | 235,024 | $ | – | $ | – | $ | 235,024 | ||||||||
2019 | 3,827,441 | – | – | 3,827,441 | ||||||||||||
Global X MSCI Next Emerging & Frontier ETF | ||||||||||||||||
2020 | $ | 425,178 | $ | – | $ | – | $ | 425,178 | ||||||||
2019 | 725,137 | – | – | 725,137 | ||||||||||||
Global X FTSE Nordic Region ETF | ||||||||||||||||
2020 | $ | 123,078 | $ | – | $ | – | $ | 123,078 | ||||||||
2019 | 946,666 | – | 410,291 | 1,356,957 | ||||||||||||
Global X FTSE Southeast Asia ETF | ||||||||||||||||
2020 | $ | 646,024 | $ | – | $ | – | $ | 646,024 | ||||||||
2019 | 911,494 | – | – | 911,494 |
143
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
5. TAX INFORMATION (continued)
As of October 31, 2020, the components of tax basis distributable earnings (accumulated losses) were as follows:
Global X Funds | ||||||||||||
Global X MSCI China Energy ETF | Global X MSCI China Materials ETF | Global X MSCI China Industrials ETF | ||||||||||
Undistributed Ordinary Income | $ | 40,350 | $ | 19,980 | $ | 19,074 | ||||||
Capital Loss Carryforwards | (1,668,732 | ) | (2,067,049 | ) | (2,797,414 | ) | ||||||
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency | (603,911 | ) | 47,609 | (249,541 | ) | |||||||
Other Temporary Differences | (3 | ) | 1 | (6 | ) | |||||||
Total Accumulated Losses | $ | (2,232,296 | ) | $ | (1,999,459 | ) | $ | (3,027,887 | ) |
Global X Funds | ||||||||||||
Global X MSCI China Consumer Discretionary ETF | Global X MSCI China Consumer Staples ETF | Global X MSCI China Health Care ETF | ||||||||||
Undistributed Ordinary Income | $ | 380,746 | $ | 78,878 | $ | 7,700 | ||||||
Capital Loss Carryforwards | (74,894,661 | ) | – | (2,145 | ) | |||||||
Unrealized Appreciation on Investments and Foreign Currency | 93,213,747 | 2,563,484 | 1,327,713 | |||||||||
Other Temporary Differences | (9 | ) | 2 | 2 | ||||||||
Total Distributable Earnings | $ | 18,699,823 | $ | 2,642,364 | $ | 1,333,270 |
144
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
5. TAX INFORMATION (continued)
Global X Funds | ||||||||||||
Global X MSCI China Financials ETF | Global X MSCI China Information Technology ETF | Global X MSCI China Communication Services ETF | ||||||||||
Undistributed Ordinary Income | $ | 1,091,406 | $ | 151,593 | $ | 201,302 | ||||||
Undistributed Long-Term Capital Gain | – | 11,323 | – | |||||||||
Capital Loss Carryforwards | (5,743,192 | ) | – | (5,437,252 | ) | |||||||
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency | (8,569,328 | ) | 3,059,771 | (379,057 | ) | |||||||
Other Temporary Differences | (3 | ) | – | 2 | ||||||||
Total Distributable Earnings (Accumulated Losses) | $ | (13,221,117 | ) | $ | 3,222,687 | $ | (5,615,005 | ) | ||||
Global X Funds | ||||||||||||
Global X MSCI China Utilities ETF | Global X MSCI China Real Estate ETF | Global X MSCI China Large-Cap 50 ETF | ||||||||||
Undistributed Ordinary Income | $ | 24,987 | $ | 210,764 | $ | 36,387 | ||||||
Capital Loss Carryforwards | (47,164 | ) | (99,233 | ) | (79,514 | ) | ||||||
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency | (110,099 | ) | (822,196 | ) | 950,856 | |||||||
Other Temporary Differences | 2 | 1 | – | |||||||||
Total Distributable Earnings (Accumulated Losses) | $ | (132,274 | ) | $ | (710,664 | ) | $ | 907,729 |
Global X Funds | ||||||||||||
Global X MSCI Greece ETF | Global X MSCI Norway ETF | Global X DAX Germany ETF | ||||||||||
Undistributed Ordinary Income | $ | 2,897,219 | $ | 194,675 | $ | 417,979 | ||||||
Capital Loss Carryforwards | (161,240,577 | ) | (35,010,331 | ) | (1,754,293 | ) | ||||||
Unrealized Depreciation on Investments and Foreign Currency | (133,333,642 | ) | (14,016,289 | ) | (4,132,644 | ) | ||||||
Other Temporary Differences | (17 | ) | (14 | ) | – | |||||||
Total Accumulated Losses | $ | (291,677,017 | ) | $ | (48,831,959 | ) | $ | (5,468,958 | ) |
Global X Funds | ||||||||||||
Global X MSCI Portugal ETF | Global X MSCI Colombia ETF | Global X MSCI Argentina ETF | ||||||||||
Undistributed Ordinary Income | $ | 64,939 | $ | 674,782 | $ | – | ||||||
Capital Loss Carryforwards | (13,171,877 | ) | (84,678,101 | ) | (20,640,114 | ) | ||||||
Unrealized Depreciation on Investments and Foreign Currency | (9,074,748 | ) | (22,493,582 | ) | (28,996,246 | ) | ||||||
Late Year Loss Deferral | – | – | (4,715 | ) | ||||||||
Other Temporary Differences | – | (1 | ) | (3 | ) | |||||||
Total Accumulated Losses | $ | (22,181,686 | ) | $ | (106,496,902 | ) | $ | (49,641,078 | ) |
145
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
5. TAX INFORMATION (continued)
Global X Funds | ||||||||||||
Global X MSCI Pakistan ETF | Global X MSCI Nigeria ETF | Global X MSCI Next Emerging & Frontier ETF | ||||||||||
Undistributed Ordinary Income | $ | 287,332 | $ | 2,258,506 | $ | 207,771 | ||||||
Capital Loss Carryforwards | (33,733,889 | ) | (23,600,101 | ) | (24,845,859 | ) | ||||||
Unrealized Depreciation on Investments and Foreign Currency | (7,052,485 | ) | (8,124,761 | ) | (2,187,103 | ) | ||||||
Other Temporary Differences | (4 | ) | (5 | ) | – | |||||||
Total Accumulated Losses | $ | (40,499,046 | ) | $ | (29,466,361 | ) | $ | (26,825,191 | ) |
Global X Funds | ||||||||
Global X FTSE Nordic Region ETF | Global X FTSE Southeast Asia ETF | |||||||
Undistributed Ordinary Income | $ | 160,794 | $ | 185,783 | ||||
Capital Loss Carryforwards | (4,780,636 | ) | (6,356,641 | ) | ||||
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency | 279,173 | (6,831,837 | ) | |||||
Other Temporary Differences | (1 | ) | (1 | ) | ||||
Total Accumulated Losses | $ | (4,340,670 | ) | $ | (13,002,696 | ) |
146
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
5. TAX INFORMATION (continued)
For taxable years beginning after December 22, 2010, a registered investment company (“RIC”) 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. Losses carried forward under these new provisions are as follows:u
Short-Term Loss | Long-Term Loss | Total | ||||||||||
Global X MSCI China Energy ETF | $ | 306,632 | $ | 1,362,100 | $ | 1,668,732 | ||||||
Global X MSCI China Materials ETF | 154,741 | 1,912,308 | 2,067,049 | |||||||||
Global X MSCI China Industrials ETF | 406,049 | 2,391,365 | 2,797,414 | |||||||||
Global X MSCI China Consumer Discretionary ETF | 23,289,728 | 51,604,933 | 74,894,661 | |||||||||
Global X MSCI China Health Care ETF | – | 2,145 | 2,145 | |||||||||
Global X MSCI China Financials ETF | 4,791,338 | 951,854 | 5,743,192 | |||||||||
Global X MSCI China Communication Services ETF | 3,702,393 | 1,734,859 | 5,437,252 | |||||||||
Global X MSCI China Utilities ETF | 5,007 | 42,157 | 47,164 | |||||||||
Global X MSCI China Real Estate ETF | 89,342 | 9,891 | 99,233 | |||||||||
Global X MSCI China Large-Cap 50 ETF | 25,430 | 54,084 | 79,514 | |||||||||
Global X MSCI Greece ETF | 73,787,487 | 87,453,090 | 161,240,577 | |||||||||
Global X MSCI Norway ETF | 9,144,185 | 25,866,146 | 35,010,331 | |||||||||
Global X DAX Germany ETF | 694,159 | 1,060,134 | 1,754,293 | |||||||||
Global X MSCI Portugal ETF | 3,551,982 | 9,619,895 | 13,171,877 | |||||||||
Global X MSCI Colombia ETF | 24,852,439 | 59,825,662 | 84,678,101 | |||||||||
Global X MSCI Argentina ETF | 3,431,689 | 17,208,425 | 20,640,114 | |||||||||
Global X MSCI Pakistan ETF | 1,263,376 | 32,470,513 | 33,733,889 | |||||||||
Global X MSCI Nigeria ETF | 6,714,611 | 16,885,490 | 23,600,101 | |||||||||
Global X MSCI Next Emerging & Frontier ETF | 6,113,114 | 18,732,745 | 24,845,859 | |||||||||
Global X FTSE Nordic Region ETF | 1,410,682 | 3,369,954 | 4,780,636 | |||||||||
Global X FTSE Southeast Asia ETF | 2,176,933 | 4,179,708 | 6,356,641 |
During the year ended October 31, 2020 the following funds utilized capital loss carryforwards to offset capital gains amounting to:
Short-Term Loss | Long-Term Loss | Total | ||||||||||
Global X MSCI China Industrials ETF | $ | 657 | $ | – | $ | 657 | ||||||
Global X MSCI Portugal ETF | 19,310 | – | 19,310 | |||||||||
Global X MSCI Pakistan ETF | 22,513 | – | 22,513 | |||||||||
Global X FTSE Nordic Region ETF | 36,039 | – | 36,039 |
147
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
5. TAX INFORMATION (continued)
The Federal tax cost and aggregate gross unrealized appreciation and depreciation on investments held by the Funds at April 30, 2021 were as follows:
Global X Funds | Federal Tax Cost | Aggregated Gross Unrealized Appreciation | Aggregated Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) | ||||||||||||
Global X MSCI China Energy ETF | $ | 2,636,614 | $ | 288,808 | $ | (133,876 | ) | $ | 154,932 | |||||||
Global X MSCI China Materials ETF | 4,196,031 | 917,583 | (200,095 | ) | 717,488 | |||||||||||
Global X MSCI China Industrials ETF | 1,960,873 | 806,984 | (293,727 | ) | 513,257 | |||||||||||
Global X MSCI China Consumer Discretionary ETF | 646,046,061 | 90,013,459 | (38,575,987 | ) | 51,437,472 | |||||||||||
Global X MSCI China Consumer Staples ETF | 16,759,134 | 5,344,598 | (975,595 | ) | 4,369,003 | |||||||||||
Global X MSCI China Health Care ETF | 20,189,736 | 4,002,950 | (454,985 | ) | 3,547,965 | |||||||||||
Global X MSCI China Financials ETF | 73,157,505 | 3,161,175 | (5,189,856 | ) | (2,028,681 | ) | ||||||||||
Global X MSCI China Information Technology ETF | 34,313,519 | 6,693,141 | (2,136,659 | ) | 4,556,482 | |||||||||||
Global X MSCI China Communication Services ETF | 14,713,145 | 3,715,031 | (1,612,556 | ) | 2,102,475 | |||||||||||
Global X MSCI China Utilities ETF | 1,476,820 | 276,375 | (122,347 | ) | 154,028 | |||||||||||
Global X MSCI China Real Estate ETF | 5,623,285 | 416,546 | (717,599 | ) | (301,053 | ) | ||||||||||
Global X MSCI China Large-Cap 50 ETF | 10,015,218 | 1,487,765 | (148,052 | ) | 1,339,713 | |||||||||||
Global X MSCI Greece ETF | 187,618,270 | 36,139,170 | (45,594,306 | ) | (9,455,136 | ) | ||||||||||
Global X MSCI Norway ETF | 42,661,515 | 6,323,041 | (3,576,975 | ) | 2,746,066 | |||||||||||
Global X DAX Germany ETF | 33,905,241 | 6,288,842 | (1,014,528 | ) | 5,274,314 | |||||||||||
Global X MSCI Portugal ETF | 19,317,154 | 1,573,773 | (5,313,091 | ) | (3,739,318 | ) | ||||||||||
Global X MSCI Colombia ETF | 49,758,024 | 2,793,840 | (12,696,251 | ) | (9,902,411 | ) | ||||||||||
Global X MSCI Argentina ETF | 61,293,735 | 10,491,500 | (28,901,122 | ) | (18,409,622 | ) | ||||||||||
Global X MSCI Pakistan ETF | 28,718,064 | 2,321,782 | (2,598,469 | ) | (276,687 | ) | ||||||||||
Global X MSCI Nigeria ETF | 45,780,958 | 4,111,534 | (5,978,779 | ) | (1,867,245 | ) | ||||||||||
Global X MSCI Next Emerging & Frontier ETF | 18,766,246 | 2,364,998 | (1,365,107 | ) | 999,891 | |||||||||||
Global X FTSE Nordic Region ETF | 28,165,258 | 7,701,957 | (1,078,214 | ) | 6,623,743 | |||||||||||
Global X FTSE Southeast Asia ETF | 32,752,224 | 1,895,309 | (2,143,734 | ) | (248,425 | ) |
The preceding differences between book and tax cost are primarily due to mark to market treatment of passive foreign investment companies and wash sales.
6. CONCENTRATION OF RISKS
The Funds invest in securities of foreign issuers in several 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 securities markets of emerging market countries are less liquid and subject to greater price volatility, and have a smaller market capitalization than the U.S. securities markets.
148
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
6. CONCENTRATION OF RISKS (continued)
In certain countries, there may be fewer publicly traded securities and the market may be dominated by a few issuers or sectors. Issuers and securities markets in such countries are not subject to as extensive and frequent accounting, financial and other reporting requirements or as comprehensive government regulations or issuers and securities markets in the U.S. In particular, the assets and profits appearing on the financial statements of emerging market country issuers may not reflect their financial position or results of operations in the same manner as financial statements for U.S. issuers.
Substantially less information may be publicly available about emerging market country issuers than is available about issuers in the United States.
The Funds may be subject to taxes imposed by countries in which they invest. Such taxes are generally based on either income, gains earned or gains 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 Funds use a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of the underlying index in approximately the same proportions as the underlying index. Each Fund may utilize a representative sampling strategy with respect to its underlying index when a replication strategy might be detrimental to its shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to follow 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 a Fund but not the underlying indexes).
Certain Funds may invest in commodity related securities, which are susceptible to fluctuations in certain commodity markets. Any negative changes in commodity markets could have a great impact on those securities.
The London Interbank Offered Rate, or “LIBOR,” the offered rate for short-term Eurodollar deposits between major international banks, is used extensively in the United States and globally as a reference rate in various financing and commercial transactions. Plans are underway to phase out the use of LIBOR by the end of 2021. There remains uncertainty regarding the nature of any replacement rate and the impact of the transition from LIBOR on the financial markets generally, transactions that use LIBOR as a reference rate and financial institutions that engage in such transactions, including issuers of securities in which a Fund may invest. As such, the potential effect of a transition away from LIBOR on a Fund investments cannot yet be determined.
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
149
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
6. CONCENTRATION OF RISKS (continued)
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 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.
Recently the U.S. imposed economic sanctions, which take effect on January 11, 2021, on certain Chinese companies with ties to the Chinese military. These sanctions may result in the decline of the value and liquidity of these securities and may impair the ability of a Fund to buy, sell, receive or deliver those impacted securities, which may have a negative impact on the Fund’s investments. In addition, the Fund’s index providers may reconstitute the Fund’s underlying index to exclude the sanctioned securities, which could result in increased portfolio turnover and higher transactions costs.
Please refer to each Fund’s prospectus and statement of additional information (“SAI”) for a more complete description of risks.
7. LOANS OF PORTFOLIO SECURITIES
The Funds may lend portfolio securities having a market value up to one-third of the Funds’ total assets. Security loans made pursuant to a securities lending agreement with BBH are initially required to be secured by collateral equal to at least 102% of the value of domestic equity securities and 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 the Funds’ 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.
Lending securities entails a risk of loss to the Funds if and to the extent that the market value of the securities loans were to increase and the borrower did not increase the collateral accordingly, and the borrower fails to return the securities. In the event the borrower may not provide additional collateral when required or may not return the
150
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
7. LOANS OF PORTFOLIO SECURITIES (continued)
securities when due, the security lending agency agreement requires the lending agent to indemnify the Funds by replacing either the security or the security’s current market value to the Funds. The Funds could suffer a loss if the value of an investment purchased with cash collateral falls below the market value of loaned securities or if the value of an investment purchased with cash collateral falls below the value of the original cash collateral received. The Funds could also experience delays and costs in gaining access to the collateral. The Funds bear the risk of any deficiency in the amount of the collateral available for return to the borrower due to any loss on the collateral invested.
As of April 30, 2021, the value of the securities on loan was $12,798,481, $253,129, $9,662,010, $161,493, $2,616,206 and $470,134 for the Global X MSCI China Consumer Discretionary ETF, Global X MSCI China Communication Services ETF, Global X MSCI Greece ETF, Global X MSCI Portugal ETF, Global X MSCI Argentina ETF and Gobal X FTSE Southeast Asia ETF, respectively. The cash collateral received from securities on loan was $13,403,097, $266,706, $12,544,380, $180,965, $2,753,734 and $493,505 for the Global X MSCI China Consumer Discretionary ETF, Global X MSCI China Communication Services ETF, Global X MSCI Greece ETF, Global X MSCI Portugal ETF, Global X MSCI Argentina ETF and Global X FTSE Southeast Asia ETF, respectively.
151
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
7. LOANS OF PORTFOLIO SECURITIES (continued)
At April 30, 2021, the following Funds had securities on loan, by counterparty:
Market Value | Cash Collateral | |||||||
Global X MSCI China Consumer Discretionary ETF | ||||||||
Barclays Capital | $ | 217,260 | $ | 229,500 | ||||
Citigroup | 2,824,852 | 2,980,020 | ||||||
Goldman Sachs | 4,317,323 | 4,391,792 | ||||||
JPMorgan | 122,218 | 133,488 | ||||||
Morgan Stanley and Co. | 5,316,828 | 5,668,297 | ||||||
Global X MSCI China Communication Services ETF | ||||||||
Citigroup | 5,445 | 5,747 | ||||||
Goldman Sachs | 242,028 | 254,940 | ||||||
JPMorgan | 5,656 | 6,019 | ||||||
Global X MSCI Greece ETF | ||||||||
Barclays Capital | 115,995 | 115,625 | (1) | |||||
BNP Paribas | 520,576 | 537,600 | ||||||
BofA Securities, Inc. | 7,488 | 7,700 | ||||||
Citigroup | 780 | 775 | (1) | |||||
Goldman Sachs | 4,440,833 | 7,191,000 | ||||||
JPMorgan | 1,404,000 | 1,395,000 | (1) | |||||
Morgan Stanley and Co. | 905,575 | 900,680 | (1) | |||||
UBS AG London Branch | 2,266,763 | 2,396,000 | ||||||
Global X MSCI Portugal ETF | ||||||||
BofA Securities, Inc. | 137,506 | 157,259 | ||||||
Goldman Sachs | 23,987 | 23,706 | (1) | |||||
Global X MSCI Argentina ETF | ||||||||
BofA Securities, Inc. | 23,608 | 24,700 | ||||||
Citigroup | 957,866 | 991,364 | ||||||
Credit Suisse | 244,294 | 265,080 | ||||||
Goldman Sachs | 59,920 | 62,320 | ||||||
JPMorgan | 970,390 | 1,026,750 | ||||||
National Financial Services | 360,128 | 383,520 | ||||||
Global X FTSE Southeast Asia ETF | ||||||||
JPMorgan | 470,134 | 493,505 |
(1) | It is the Funds’ 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. |
152
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
8. 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.
9. REVERSE SHARE SPLIT
Effective April 28, 2020, each of the Global X MSCI Colombia ETF, Global X MSCI Greece ETF and Global X MSCI Pakistan ETF executed a reverse share split for shareholders of record after the close of markets on April 27, 2020. The effect of this transaction for each Fund was to divide the number of outstanding Shares of the Fund by the applicable ratio below, resulting in a corresponding increase in the NAV per Share. The capital share activity presented in the statement of changes in net assets for each of the years in the period then ended, and per share data in the financial highlights for each of the years in the period then ended, have been given retroactive effect to reflect these reverse share splits. There were no changes in net assets, results of operations or total return as a result of these transactions. The details of the reverse splits are as follows:
Fund Name | Ratio |
Global X MSCI Colombia ETF | 1:4 |
Global X MSCI Greece ETF | 1:3 |
Global X MSCI Pakistan ETF | 1:4 |
Effective March 16, 2017, the Global X MSCI Nigeria ETF executed a 1-for-4 reverse share split for shareholders of record after the close of markets on March 15, 2017. The effect of this transaction was to divide the number of outstanding shares of the Fund by four, 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 these reverse share splits. There were no changes in net assets, results of operations or total return as a result of this transaction.
153
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
10. SUBSEQUENT EVENTS
The Funds have been evaluated by management regarding the need for additional disclosures and/or adjustments resulting from subsequent events. Based on this evaluation, no additional disclosures were required to the financial statements.
11. OTHER MATTER
The rapid and global spread of a highly contagious novel coronavirus respiratory disease, designated COVID-19, has resulted in extreme volatility in the financial markets and severe losses; reduced liquidity of many instruments; restrictions on international and, in some cases, local travel; significant disruptions to business operations (including business closures); strained healthcare systems; disruptions to supply chains, consumer demand and employee availability; and widespread uncertainty regarding the duration and long-term effects of this pandemic. Some sectors of the economy and individual issuers have experienced particularly large losses. In addition, the COVID-19 pandemic may result in a sustained economic downturn or a global recession, domestic and foreign political and social instability, damage to diplomatic and international trade relations and increased volatility and/or decreased liquidity in the securities markets. The COVID-19 pandemic could adversely affect the value and liquidity of the Funds’ investments and negatively impact Fund performance. In addition, the outbreak of COVID-19, and measures taken to mitigate its effects, could result in disruptions to the services provided to the Funds by their service providers.
154
Disclosure of Fund Expenses (unaudited) | ||
ETFs such as the Funds have operating expenses. As a shareholder of an ETF, your investment is affected by these ongoing costs, which include (among others) costs for portfolio management, administrative services, brokerage fees, and shareholder reports like this one. It is important for you to understand the impact of these costs on your investment returns. In addition, a shareholder is responsible for brokerage fees incurred in the purchase or sale of share of the Fund on the secondary market.
Operating expenses such as these are deducted from an ETF’s gross income and directly reduce your final investment return. These expenses are expressed as a percentage of the ETF’s average net assets; this percentage is known as the ETF’s expense ratio.
The following examples use the expense ratio and are intended to help you understand the ongoing costs (in dollars) of investing in a Fund and to compare these costs with those of other funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period from November 1, 2020 through April 30, 2021.
The table on the next page illustrates the Funds’ costs in two ways:
Actual Fund Return. This section helps you to estimate the actual expenses that a Fund incurred over the period. The “Expenses Paid During Period” column shows the actual dollar expense cost incurred by a $1,000 investment in the Fund, and the “Ending Account Value” number is derived from deducting that expense cost from the Fund’s gross investment return.
You can use this information, together with the actual amount you invested in the Funds, to estimate the expenses you paid over that period. Simply divide your actual account value by $1,000 to arrive at a ratio (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply that ratio by the number shown for your Funds under “Expenses Paid During Period.”
Hypothetical 5% Return. This section helps you compare a Fund’s costs with those of other funds. It assumes that the Funds had an annual 5% return before expenses during the year, but that the expense ratio (Column 3) for the period is unchanged. This example is useful in making comparisons because the Securities and Exchange Commission requires all funds to make this 5% calculation. You can assess your Fund’s comparative cost by comparing the hypothetical result for your Fund in the “Expenses Paid During Period” column with those that appear in the same charts in the shareholder reports for other funds.
NOTE: Because the return is set at 5% for comparison purposes — NOT your Fund’s actual return — the account values shown may not apply to your specific investment.
155
Disclosure of Fund Expenses (unaudited) (continued) | ||
Beginning Account Value 11/1/2020 | Ending Account Value 4/30/2021 | Annualized Expense Ratios | Expenses Paid During Period(1) | |||||||||||||
Global X MSCI China Energy ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,240.90 | 0.67 | % | $ | 3.72 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.47 | 0.67 | 3.36 | ||||||||||||
Global X MSCI China Materials ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,366.40 | 0.67 | % | $ | 3.93 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.47 | 0.67 | 3.36 | ||||||||||||
Global X MSCI China Industrials ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,245.10 | 0.66 | % | $ | 3.67 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.52 | 0.66 | 3.31 | ||||||||||||
Global X MSCI China Consumer Discretionary ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,148.40 | 0.65 | % | $ | 3.46 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.57 | 0.65 | 3.26 | ||||||||||||
Global X MSCI China Consumer Staples ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,123.80 | 0.65 | % | $ | 3.42 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.57 | 0.65 | 3.26 | ||||||||||||
Global X MSCI China Health Care ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,287.10 | 0.65 | % | $ | 3.69 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.57 | 0.65 | 3.26 | ||||||||||||
Global X MSCI China Financials ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,132.20 | 0.65 | % | $ | 3.44 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.57 | 0.65 | 3.26 | ||||||||||||
Global X MSCI China Information Technology ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,128.90 | 0.65 | % | $ | 3.43 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.57 | 0.65 | 3.26 | ||||||||||||
Global X MSCI China Communication Services ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,069.10 | 0.65 | % | $ | 3.33 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.57 | 0.65 | 3.26 | ||||||||||||
Global X MSCI China Utilities ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,209.80 | 0.68 | % | $ | 3.73 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.42 | 0.68 | 3.41 | ||||||||||||
Global X MSCI China Real Estate ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,059.80 | 0.66 | % | $ | 3.37 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.52 | 0.66 | 3.31 | ||||||||||||
156
Disclosure of Fund Expenses (unaudited) (continued) | ||
Beginning Account Value 11/1/2020 | Ending Account Value 4/30/2021 | Annualized Expense Ratios | Expenses Paid During Period(1) | |||||||||||||
Global X MSCI China Large-Cap 50 ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,113.90 | 0.29 | % | $ | 1.52 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,023.36 | 0.29 | 1.45 | ||||||||||||
Global X MSCI Greece ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,645.80 | 0.58 | % | $ | 3.80 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.92 | 0.58 | 2.91 | ||||||||||||
Global X MSCI Norway ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,523.70 | 0.50 | % | $ | 3.13 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,022.32 | 0.50 | 2.51 | ||||||||||||
Global X DAX Germany ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,349.50 | 0.20 | % | $ | 1.22 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,023.75 | 0.20 | 1.05 | ||||||||||||
Global X MSCI Portugal ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,351.40 | 0.59 | % | $ | 3.44 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.87 | 0.59 | 2.96 | ||||||||||||
Global X MSCI Colombia ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,189.50 | 0.61 | % | $ | 3.31 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.77 | 0.61 | 3.06 | ||||||||||||
Global X MSCI Argentina ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,269.20 | 0.59 | % | $ | 3.32 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.87 | 0.59 | 2.96 | ||||||||||||
Global X MSCI Pakistan ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,108.10 | 0.85 | % | $ | 4.44 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,020.58 | 0.85 | 4.26 | ||||||||||||
Global X MSCI Nigeria ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,040.80 | 0.82 | % | $ | 4.15 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,020.73 | 0.82 | 4.11 | ||||||||||||
Global X MSCI Next Emerging & Frontier ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,222.20 | 0.65 | % | $ | 3.58 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.57 | 0.65 | 3.26 | ||||||||||||
Global X FTSE Nordic Region ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,286.20 | 0.51 | % | $ | 2.89 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,022.27 | 0.51 | 2.56 |
157
Disclosure of Fund Expenses (unaudited) (concluded) | ||
Beginning Account Value 11/1/2020 | Ending Account Value 4/30/2021 | Annualized Expense Ratios | Expenses Paid During Period(1) | |||||||||||||
Global X FTSE Southeast Asia ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,288.20 | 0.65 | % | $ | 3.69 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.57 | 0.65 | 3.26 |
(1) | Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period). |
158
Approval of Investment Advisory Agreement (unaudited) | ||
Section 15(c) of the Investment Company Act of 1940, as amended (“1940 Act”), requires that the board of trustees of an exchange-traded fund (“ETF”), including a majority of those trustees who are not “interested persons” of the ETF, as defined in the 1940 Act (“Independent Trustees”), consider on an initial basis and periodically thereafter (as required by the 1940 Act), at an in person meeting called for such purpose, the terms of each ETF’s investment advisory agreement and whether to approve entering into, or renewing, each agreement.
At a Board meeting of the Trust held via videoconference November 11, 20201, called for such purpose, the Board (including the Trust’s Independent Trustees, voting separately) considered and unanimously approved the continuation of (i) the Investment Advisory Agreement (“Renewal Investment Advisory Agreement”) for each Fund included in this Annual Report (each, a “Renewal Fund”); and (ii) the Supervision and Administration Agreement between the Trust (“Renewal Supervision and Administration Agreement”), on behalf of each Renewal Fund, and Global X Management Company LLC (“Global X Management”). The Renewal Investment Advisory Agreement and the Renewal Supervision and Administration Agreement are referred to herein as the “Renewal Agreements.”
In advance of the Board meeting, the Board (including the Trust’s Independent Trustees) and the Independent Trustees’ independent legal counsel requested (in writing) detailed information from Global X Management in connection with the Board’s consideration of the Renewal Agreements received and reviewed written responses from Global X Management and supporting materials relating to those requests for information. In the course of their consideration of the Renewal Agreements, the Trust’s Independent Trustees were advised by their independent legal counsel and, in addition to meetings with management of Global X Management, the Independent Trustees met separately in executive sessions with their counsel.
RENEWAL AGREEMENTS
In determining to approve the continuation of the Renewal Agreements for the Renewal Funds, the Board considered a variety of factors, including the factors discussed in greater detail below.
1 | This meeting was held via video conference in reliance on an exemptive order issued by the Securities and Exchange Commission on March 25, 2020. Reliance on the exemptive order is necessary and appropriate due to circumstances related to current or potential effects of COVID-19. All Trustees participating in the telephonic meeting were able to hear each other simultaneously during the meeting. Reliance on the exemptive order requires Trustees, including a majority of the Independent Trustees, to ratify actions taken pursuant to the exemptive order by vote cast at the next in-person meeting. |
159
Approval of Investment Advisory Agreement (unaudited) (continued) | ||
Nature, Extent and Quality of Services
With respect to this factor, the Board considered:
• | the terms of the Renewal Agreements and the range of services that would continue to be provided to each Renewal Fund in accordance with the Renewal Agreements; |
• | Global X Management’s key personnel and the portfolio managers who would continue to provide investment advisory, supervision and administrative services to each Renewal Fund; |
• | Global X Management’s responsibilities under the Renewal Agreements, among other things, to: (i) manage the investment operations of the Renewal Funds and the composition of the Renewal Funds’ assets, including the purchase, retention and disposition of their holdings, (ii) provide quarterly reports to the Trust’s officers and the Board and other reports as the Board deems necessary or appropriate, (iii) vote proxies, exercise consents, and exercise all other rights relating to securities and assets held by the Renewal Funds, (iv) select broker-dealers to execute portfolio transactions for the Renewal Funds when necessary, (v) assist in the preparation and filing of reports and proxy statements (if any) to the shareholders of the Renewal Funds, and the periodic updating of the registration statement, prospectuses, statements of additional information, and other reports and documents for the Renewal Funds that are required to be filed by the Trust with the SEC and other regulatory and governmental bodies, and (vi) monitor anticipated purchases and redemptions of the shares (including Creation Units) of the Renewal Funds by shareholders and new investors; |
• | the nature, extent and quality of all of the services (including advisory, administrative and compliance services) that have been provided by Global X Management or made available to the Renewal Funds; and |
• | the quality of Global X Management’s resources and personnel that would continue to be made available to the Renewal Funds, including Global X Management’s experience and the professional qualifications of Global X Management’s key personnel. |
Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Renewal Funds by Global X Management.
Performance
The Board considered the performance of each Renewal Fund. They examined the performance of the Renewal Funds for the one-year, three-year, five-year and since-inception periods, as applicable. Also, the Board considered the total return and investments performance of the Renewal Funds relative to (i) the performance of unaffiliated comparable ETFs and/or other registered funds, which performance
160
Approval of Investment Advisory Agreement (unaudited) (continued) | ||
information is publicly available from such registered funds, as well as other third party sources; and (ii) the performance of pertinent indexes. The Board considered instances of under-performance and over-performance with respect to the competitor funds. The Board also considered the Renewal Funds’ tracking against their underlying indexes in absolute terms.
Based on these considerations and comparisons, the Board concluded that the investment performance of the Renewal Funds did not adversely affect the Board’s approval of the continuance of the Renewal Agreements.
Cost of Services and Profitability
The Board considered Global X Management’s cost to provide investment management, supervision and administrative and related services to the Renewal Funds. In this regard, the Board considered the management fee (“Management Fee”) that has been borne or is expected to be borne by the Renewal Funds under the Renewal Agreements for the various investment advisory, supervisory and administrative services that the Renewal Funds require under a unitary fee structure (including the types of fees and expenses that are not included within the unitary fee and would be borne by the Renewal Funds).
In addition, the Board considered expected profitability to Global X Management, as applicable, from all services provided or expected to be provided to the Renewal Funds and all aspects of Global X Management’s relationship with the Renewal Funds. In connection with these considerations, Global X Management provided the Board with financial information regarding its operations and the services provided to the Renewal Funds and discussed with the Board its current and expected, as applicable, profitability with respect to the Renewal Funds.
Based on these considerations, the Board concluded that the Management Fee rate paid by the Renewal Funds to Global X Management, in light of the nature, extent and quality of the services provided, was reasonable and in the best interests of the Renewal Funds’ shareholders.
Comparison of Fees and Services
With respect to this factor, the Board considered:
• | comparative information with respect to the Management Fee paid to Global X Management by the Renewal Funds. In connection with this consideration, Global X Management provided the Board with comparative expense data for the Renewal Funds, including fees and expenses paid by unaffiliated similar specialized and/or focused ETFs and/or other comparable registered funds. The Board considered the Global X Management’s detailed explanation of the fee structures of any Renewal Fund that was above the average or median for its peer group; |
161
Approval of Investment Advisory Agreement (unaudited) (continued) | ||
• | the structure of the unitary Management Fee (which includes as one component the investment advisory fee for the Renewal Funds) and the current total expense ratios for the Renewal Funds. In this regard, the Board took into consideration that the purpose of adopting a unitary Management Fee structure for the Renewal Funds was to create a simple, all-inclusive fee that would provide a level of predictability with respect to the overall expense ratio (i.e., the total fees) of the Renewal Funds and that the proposed Management Fees for the Renewal Funds were set at a competitive levels to make the Renewal Funds viable in the marketplace; and |
• | that, under the unified Management Fee structure, Global X Management is responsible for most ordinary expenses of the Renewal Funds, including the costs of various third-party services required by the Renewal Funds, including investment advisory, administrative, audit, certain custody, portfolio accounting, legal, transfer agency and printing costs, but that the Renewal Funds would bear other expenses not covered under the proposed all-inclusive Management Fee, such as taxes, brokerage fees, commissions, and other transaction expenses, interest expenses, and extraordinary expenses. |
Based on these considerations, the Board concluded that the services received and the fees charged under the Renewal Agreements were reasonable on a comparative basis.
Economies of Scale
With respect to this factor, the Board considered:
• | the extent to which economies of scale would be realized as the Renewal Funds grow and whether the unitary Management Fee for the Renewal Funds reflected these economies of scale; |
• | the significant investment of time, personnel and other resources that Global X Management has made and intends to continue to make in the Renewal Funds in order to seek to assure that the Renewal Funds are attractive to investors; and |
• | that the unitary Management Fee would provide a high level of certainty as to the total level of expenses for the Renewal Funds and their shareholders. |
Based on these considerations, the Board concluded that the unitary Management Fee for the Renewal Funds appropriately addressed economies of scale.
Other Benefits
In considering the Renewal Agreements, in addition to the factors above, the Board considered any other benefits realized by Global X Management as a result of its relationships with the Renewal Funds and concluded that, in the exercise of the Board’s business judgement, all information the Board considered supported approval of the continuation of the Renewal Agreements.
162
Approval of Investment Advisory Agreement (unaudited) (concluded) | ||
Conclusion
After full consideration of the factors above, as well as other factors that were instructive in its consideration, the Board, including all of the Trust’s Independent Trustees voting separately, concluded, in the exercise of its business judgement, that the Renewal Agreements were fair and reasonable and in the best interest of each Renewal Fund.
In reaching this decision, the Board did not assign relative weights to the factors above nor did the Board deem any one factor or group of them to be controlling in and of themselves. Each member of the Board may have assigned different weights to the various factors.
163
Supplemental Information (unaudited) | ||
NAV is the price per Share at which a Fund issues and redeems Shares. It is calculated in accordance with the standard formula for valuing mutual fund shares. The “Market Price” of a Fund generally is determined using the midpoint between the highest bid and the lowest offer on the stock exchange on which the Shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. The Fund’s Market Price may be at, above or below its NAV. The NAV of a Fund will fluctuate with changes in the market value of the Fund’s holdings. The Market Price of a Fund will fluctuate in accordance with changes in their NAV, as well as market supply and demand.
Premiums or discounts are the differences (expressed as a percentage) between the NAV and Market Price of a Fund on a given day, generally at the time NAV is calculated. A premium is the amount that a Fund is trading above the reported NAV, expressed as a percentage of the NAV. A discount is the amount that a Fund is trading below the reported NAV, expressed as a percentage of the NAV.
Further information regarding premiums and discounts is available on the Funds’ website at www.globalxetfs.com.
164
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 Third 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
Custodian and Transfer Agent:
Brown Brothers Harriman & Co.
50 Post Office Square
Boston, MA 02110
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 prospectus for the funds described.
GLX-SA-002-1000
Global X Social Media ETF (ticker: SOCL) |
Global X Lithium & Battery Tech ETF (ticker: LIT) |
Global X E-commerce ETF (ticker: EBIZ) |
Global X Emerging Markets Internet & E-commerce ETF (ticker: EWEB) |
Global X SuperDividend® ETF (ticker: SDIV) |
Global X SuperDividend® U.S. ETF (ticker: DIV) |
Global X MSCI SuperDividend® EAFE ETF (ticker: EFAS) |
Global X MSCI SuperDividend® Emerging Markets ETF (ticker: SDEM) |
Global X SuperDividend® REIT ETF (ticker: SRET) |
Global X NASDAQ 100® Covered Call ETF (ticker: QYLD) |
Global X S&P 500® Covered Call ETF (ticker: XYLD) |
Global X Russell 2000 Covered Call ETF (ticker: RYLD) |
Global X Nasdaq 100® Covered Call & Growth ETF (ticker: QYLG) |
Global X S&P 500® Covered Call & Growth ETF (ticker: XYLG) |
Global X SuperIncome™ Preferred ETF (ticker: SPFF) |
Global X Renewable Energy Producers ETF (ticker: RNRG) |
Global X S&P 500® Catholic Values ETF (ticker: CATH) |
Global X S&P Catholic Values Developed ex-U.S. ETF (ticker: CEFA) |
Global X Guru® Index ETF (ticker: GURU) |
Semi-Annual Report
April 30, 2021
As permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the Funds’ (defined below) shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from your financial intermediary (such as a broker-dealer or bank). Instead, shareholder reports will be available on the Funds’ website (www.globalxetfs.com/explore), and you will be notified by mail each time a report is posted and provided with a website link to access the report.
If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from the Funds electronically anytime by contacting your financial intermediary.
You may elect to receive all future Fund shareholder reports in paper free of charge. Please contact your financial intermediary to inform them that you wish to continue receiving paper copies of Fund shareholder reports and for details about whether your election to receive reports in paper will apply to all funds held with your financial intermediary.
Table of Contents |
Schedules of Investments | |
Global X Social Media ETF | 1 |
Global X Lithium & Battery Tech ETF | 5 |
Global X E-commerce ETF | 10 |
Global X Emerging Markets Internet & E-commerce ETF | 14 |
Global X SuperDividend® ETF | 18 |
Global X SuperDividend® U.S. ETF | 27 |
Global X MSCI SuperDividend® EAFE ETF | 32 |
Global X MSCI SuperDividend® Emerging Markets ETF | 37 |
Global X SuperDividend® REIT ETF | 42 |
Global X NASDAQ 100® Covered Call ETF | 45 |
Global X S&P 500® Covered Call ETF | 51 |
Global X Russell 2000 Covered Call ETF | 69 |
Global X Nasdaq 100® Covered Call & Growth ETF | 71 |
Global X S&P 500® Covered Call & Growth ETF | 77 |
Global X SuperIncome™ Preferred ETF | 95 |
Global X Renewable Energy Producers ETF | 100 |
Global X S&P 500® Catholic Values ETF | 105 |
Global X S&P Catholic Values Developed ex-US ETF | 121 |
Global X Guru® Index ETF | 146 |
Statements of Assets and Liabilities | 151 |
Statements of Operations | 156 |
Statements of Changes in Net Assets | 161 |
Financial Highlights | 171 |
Notes To Financials | 187 |
Disclosure of Fund Expenses | 211 |
Approval of Investment Advisory Agreement | 214 |
Supplemental Information | 223 |
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.
The Funds file their complete schedules of Fund holdings with the Securities and Exchange Commission (the “SEC” or “Commission”) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The Funds’ Forms N-PORT are available on the Commission’s website at https://www.sec.gov/, and may be reviewed and copied at the Commission’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.
A description of the policies and procedures that the Global X Funds use to determine how to vote proxies relating to Fund securities, as well as information relating to how the Funds voted proxies relating to Fund securities during the most recent 12-month period ended June 30, is available (i) without charge, upon request, by calling 1-888-493-8631; and (ii) on the Commission’s website at https://www.sec.gov/.
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Social Media ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments. Repurchase agreements purchased from cash collateral received for securities lending activity are included in total investments. Please see Note 2 and 7 in Notes to Financial Statements for more detailed information.
Shares | Value | |||||||
COMMON STOCK — 99.8% | ||||||||
CANADA— 0.0% | ||||||||
Energy — 0.0% | ||||||||
Hello Pal International * | 173,934 | $ | 229,046 | |||||
CHINA— 30.4% | ||||||||
Communication Services — 30.4% | ||||||||
Baidu ADR * | 110,121 | 23,161,750 | ||||||
Bilibili ADR * | 213,105 | 23,624,820 | ||||||
BlueCity Holdings ADR * | 18,587 | 154,086 | ||||||
HUYA ADR * (A) | 75,698 | 1,333,799 | ||||||
JOYY ADR | 9,354 | 889,191 | ||||||
Kuaishou Technology, Cl B * | 416,100 | 14,089,921 | ||||||
Meitu * | 2,236,700 | 694,033 | ||||||
Momo ADR * | 84,972 | 1,245,690 | ||||||
NetEase ADR | 220,220 | 24,677,853 | ||||||
Tencent Holdings | 609,027 | 48,851,699 | ||||||
Tencent Music Entertainment Group ADR * | 342,581 | 5,967,761 | ||||||
Weibo ADR * (A) | 74,345 | 3,746,988 | ||||||
TOTAL CHINA | 148,437,591 | |||||||
GERMANY— 0.8% | ||||||||
Communication Services — 0.8% | ||||||||
United Internet | 90,312 | 3,806,215 |
1
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Social Media ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
JAPAN— 4.2% | ||||||||
Communication Services — 4.2% | ||||||||
DeNA * | 76,951 | $ | 1,572,038 | |||||
Gree * | 97,515 | 510,302 | ||||||
Kakaku.com | 120,260 | 3,267,666 | ||||||
Mixi | 37,650 | 965,491 | ||||||
Nexon | 427,064 | 14,163,185 | ||||||
TOTAL JAPAN | 20,478,682 | |||||||
RUSSIA— 4.8% | ||||||||
Communication Services — 4.8% | ||||||||
Mail.Ru Group GDR * | 196,115 | 4,373,364 | ||||||
Yandex, Cl A * | 292,354 | 19,163,805 | ||||||
TOTAL RUSSIA | 23,537,169 | |||||||
SOUTH KOREA— 9.5% | ||||||||
Communication Services — 9.5% | ||||||||
AfreecaTV | 6,742 | 541,251 | ||||||
Com2uSCorp | 7,139 | 946,647 | ||||||
Kakao | 218,893 | 22,335,016 | ||||||
NAVER | 68,934 | 22,278,755 | ||||||
TOTAL SOUTH KOREA | 46,101,669 | |||||||
TAIWAN— 0.1% | ||||||||
Consumer Discretionary — 0.1% | ||||||||
PChome Online | 109,244 | 329,691 | ||||||
UNITED ARAB EMIRATES— 0.5% | ||||||||
Communication Services — 0.5% | ||||||||
Yalla Group ADR * | 111,482 | 2,430,308 | ||||||
UNITED STATES— 49.5% | ||||||||
Communication Services — 49.2% | ||||||||
Alphabet, Cl A * | 10,302 | 24,245,757 | ||||||
Angi, Cl A * | 60,978 | 976,258 | ||||||
Bumble, Cl A * | 53,458 | 3,220,310 | ||||||
Facebook, Cl A * | 161,798 | 52,597,294 |
2
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Social Media ETF |
Shares/Face Amount | Value | |||||||
COMMON STOCK — continued | ||||||||
Communication Services — continued | ||||||||
IAC * | 74,407 | $ | 18,859,942 | |||||
Match Group * | 144,294 | 22,456,475 | ||||||
Pinterest, Cl A * | 309,870 | 20,566,072 | ||||||
Snap, Cl A * | 631,794 | 39,057,505 | ||||||
Spotify Technology * | 80,525 | 20,301,963 | ||||||
Twitter * | 444,840 | 24,564,065 | ||||||
Yelp, Cl A * | 65,269 | 2,565,072 | ||||||
Zynga, Cl A * | 958,948 | 10,375,817 | ||||||
239,786,530 | ||||||||
Consumer Discretionary — 0.2% | ||||||||
Groupon, Cl A * | 21,942 | 1,110,924 | ||||||
Information Technology — 0.1% | ||||||||
Life360, Cl CDI * | 81,238 | 362,081 | ||||||
TOTAL UNITED STATES | 241,259,535 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $417,090,873) | 486,609,906 | |||||||
SHORT-TERM INVESTMENT(B)(C) — 0.0% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010% | ||||||||
(Cost $137,561) | 137,561 | 137,561 | ||||||
REPURCHASE AGREEMENT(B) — 0.3% | ||||||||
BNP Paribas | ||||||||
0.000%, dated 04/30/21, to be repurchased on 05/03/21, repurchase price $1,489,945 (collateralized by U.S. Treasury Obligations, ranging in par value $36,402 - $213,863, 1.500%, 02/15/2030, with a total market value of $1,520,156) (Cost $1,489,945) | $ | 1,489,945 | 1,489,945 | |||||
TOTAL INVESTMENTS — 100.1% | ||||||||
(Cost $418,718,379) | $ | 488,237,412 |
3
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Social Media ETF |
Percentages are based on Net Assets of $487,575,766.
* | Non-income producing security. |
(A) | This security or a partial position of this security is on loan at April 30, 2021. The total value of securities on loan at April 30, 2021 was $1,132,561. |
(B) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2021, was $1,627,506. |
(C) | The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2021. |
ADR — American Depositary Receipt
Cl — Class
GDR — Global Depositary Receipt
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 486,280,215 | $ | 329,691 | $ | — | $ | 486,609,906 | ||||||||
Short-Term Investment | 137,561 | — | — | 137,561 | ||||||||||||
Repurchase Agreement | — | 1,489,945 | — | 1,489,945 | ||||||||||||
Total Investments in Securities | $ | 486,417,776 | $ | 1,819,636 | $ | — | $ | 488,237,412 |
For the period ended April 30, 2021, there have been no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
4
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Lithium & Battery Tech ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments. Repurchase agreements purchased from cash collateral received for securities lending activity are included in total investments. Please see Note 2 and 7 in Notes to Financial Statements for more detailed information.
Shares | Value | |||||||
COMMON STOCK — 99.9% | ||||||||
AUSTRALIA— 7.4% | ||||||||
Materials — 7.4% | ||||||||
Galaxy Resources * | 9,027,615 | $ | 27,405,434 | |||||
ioneer * (A) | 30,534,015 | 9,552,346 | ||||||
Mineral Resources | 3,493,565 | 128,858,571 | ||||||
Orocobre * | 6,660,180 | 34,726,487 | ||||||
Pilbara Minerals * (A) | 38,668,057 | 34,050,877 | ||||||
TOTAL AUSTRALIA | 234,593,715 | |||||||
CANADA— 0.4% | ||||||||
Materials — 0.4% | ||||||||
Lithium Americas * (A) | 951,090 | 13,421,332 | ||||||
Nemaska Lithium *(B)(C)(F) | 12,119,545 | 98 | ||||||
TOTAL CANADA | 13,421,430 | |||||||
CHILE— 4.6% | ||||||||
Materials — 4.6% | ||||||||
Sociedad Quimica y Minera de Chile ADR | 2,741,828 | 144,604,009 | ||||||
CHINA— 41.8% | ||||||||
Consumer Discretionary — 4.9% | ||||||||
BYD, Cl H | 6,162,248 | 127,182,623 | ||||||
Tianneng Power International (A) | 15,149,600 | 27,814,789 | ||||||
154,997,412 |
5
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Lithium & Battery Tech ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — 14.1% | ||||||||
Contemporary Amperex Technology, Cl A | 3,019,155 | $ | 181,181,506 | |||||
Eve Energy, Cl A | 12,548,152 | 172,013,672 | ||||||
Shenzhen Yinghe Technology, Cl A | 7,398,853 | 19,296,830 | ||||||
Sunwoda Electronic, Cl A | 22,245,563 | 74,010,299 | ||||||
446,502,307 | ||||||||
Information Technology — 7.6% | ||||||||
NAURA Technology Group, Cl A | 3,994,209 | 102,270,424 | ||||||
Wuxi Lead Intelligent Equipment, Cl A | 10,161,541 | 138,873,163 | ||||||
241,143,587 | ||||||||
Materials — 15.2% | ||||||||
Beijing Easpring Material Technology, Cl A | 6,570,813 | 51,401,538 | ||||||
Ganfeng Lithium, Cl A | 12,063,057 | 204,191,812 | ||||||
Shanghai Putailai New Energy Technology, Cl A | 3,599,100 | 45,108,732 | ||||||
Shenzhen Capchem Technology, Cl A | 4,496,479 | 53,540,519 | ||||||
Yunnan Energy New Material, Cl A | 6,232,017 | 129,633,970 | ||||||
483,876,571 | ||||||||
TOTAL CHINA | 1,326,519,877 | |||||||
GERMANY— 2.0% | ||||||||
Industrials — 2.0% | ||||||||
Akasol * | 57,229 | 8,253,322 | ||||||
Varta * (A) | 385,974 | 56,383,706 | ||||||
TOTAL GERMANY | 64,637,028 | |||||||
HONG KONG— 0.2% | ||||||||
Industrials — 0.2% | ||||||||
Honbridge Holdings * | 70,893,900 | 4,655,155 | ||||||
JAPAN— 6.2% | ||||||||
Consumer Discretionary — 4.6% | ||||||||
Panasonic | 12,503,787 | 147,453,286 | ||||||
Industrials — 1.5% | ||||||||
GS Yuasa | 1,715,266 | 46,371,264 | ||||||
Materials — 0.1% | ||||||||
W-Scope * | 702,161 | 4,451,742 |
6
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Lithium & Battery Tech ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
TOTAL JAPAN | $ | 198,276,292 | ||||||
NETHERLANDS— 0.8% | ||||||||
Materials — 0.8% | ||||||||
AMG Advanced Metallurgical Group | 646,756 | 24,851,874 | ||||||
SOUTH KOREA— 12.1% | ||||||||
Industrials — 5.0% | ||||||||
LG Chemical | 184,887 | 154,910,490 | ||||||
Vitzrocell | 294,045 | 3,793,362 | ||||||
158,703,852 | ||||||||
Information Technology — 7.1% | ||||||||
Iljin Materials | 406,404 | 25,246,115 | ||||||
L&F | 389,530 | 31,796,938 | ||||||
Power Logics * (A) | 554,642 | 4,088,699 | ||||||
Samsung SDI | 281,562 | 165,542,813 | ||||||
226,674,565 | ||||||||
TOTAL SOUTH KOREA | 385,378,417 | |||||||
TAIWAN— 1.8% | ||||||||
Information Technology — 1.8% | ||||||||
Dynapack International Technology | 2,822,900 | 11,925,042 | ||||||
Simplo Technology | 3,362,580 | 45,142,573 | ||||||
TOTAL TAIWAN | 57,067,615 | |||||||
UNITED STATES— 22.6% | ||||||||
Consumer Discretionary — 5.2% | ||||||||
Tesla * | 234,614 | 166,444,556 | ||||||
Industrials — 2.7% | ||||||||
EnerSys | 951,197 | 87,110,621 | ||||||
Materials — 14.7% | ||||||||
Albemarle | 2,427,531 | 408,237,888 | ||||||
Livent * | 3,304,833 | 59,553,091 | ||||||
467,790,979 |
7
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Lithium & Battery Tech ETF |
Shares/Face Amount | Value | |||||||
COMMON STOCK — 99.9% | ||||||||
TOTAL UNITED STATES | $ | 721,346,156 | ||||||
TOTAL COMMON STOCK | ||||||||
(Cost $2,535,874,084) | 3,175,351,568 | |||||||
SHORT-TERM INVESTMENT(D)(E) — 1.1% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010% | ||||||||
(Cost $34,478,236) | 34,478,236 | 34,478,236 | ||||||
REPURCHASE AGREEMENT(D) — 1.8% | ||||||||
BNP Paribas | ||||||||
0.000%, dated 04/30/21, to be repurchased on 05/03/21, repurchase price $56,205,362 (collateralized by U.S. Treasury Obligations, ranging in par value $1,373,214 - $8,067,576, 1.500%, 02/15/2030, with a total market value of $57,345,025) | ||||||||
(Cost $56,205,362) | $ | 56,205,362 | 56,205,362 | |||||
TOTAL INVESTMENTS — 102.8% | ||||||||
(Cost $2,626,557,682) | $ | 3,266,035,166 |
Percentages are based on Net Assets of $3,177,651,256.
* | Non-income producing security. |
(A) | This security or a partial position of this security is on loan at April 30, 2021. The total value of securities on loan at April 30, 2021 was $86,507,954. |
(B) | Level 3 security in accordance with fair value hierarchy. |
(C) | Security considered illiquid. The total value of such securities as of April 30, 2021 was $98 and represented 0.0% of Net Assets of the Fund. |
(D) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2021, was $90,683,598. |
(E) | The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2021. |
8
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Lithium & Battery Tech ETF |
(F) | Security is fair valued using methods determined in good faith by the Fair ValueCommittee of the Fund. The total value of such securities as of April 30, 2021,was $98 and represents 0.0% of Net Assets of the Fund. |
ADR — American Depositary Receipt
Cl — Class
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3(1) | Total | ||||||||||||
Common Stock | $ | 3,118,283,855 | $ | 57,067,615 | $ | 98 | $ | 3,175,351,568 | ||||||||
Short-Term Investment | 34,478,236 | — | — | 34,478,236 | ||||||||||||
Repurchase Agreement | — | 56,205,362 | — | 56,205,362 | ||||||||||||
Total Investments in Securities | $ | 3,152,762,091 | $ | 113,272,977 | $ | 98 | $ | 3,266,035,166 |
(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 beginning and/or end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets. |
For the period ended April 30, 2021, there have been no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
9
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X E-commerce ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments. Repurchase agreements purchased from cash collateral received for securities lending activity are included in total investments. Please see Note 2 and 7 in Notes to Financial Statements for more detailed information.
Shares | Value | |||||||
COMMON STOCK — 99.8% | ||||||||
ARGENTINA— 3.3% | ||||||||
Consumer Discretionary — 3.3% | ||||||||
MercadoLibre * | 5,035 | $ | 7,909,884 | |||||
AUSTRALIA— 0.3% | ||||||||
Consumer Discretionary — 0.3% | ||||||||
Temple & Webster Group * | 87,952 | 726,943 | ||||||
CANADA— 3.8% | ||||||||
Information Technology — 3.8% | ||||||||
Shopify, Cl A * | 7,682 | 9,084,042 | ||||||
CHINA— 25.4% | ||||||||
Communication Services — 4.0% | ||||||||
NetEase ADR | 85,315 | 9,560,399 | ||||||
Consumer Discretionary — 20.8% | ||||||||
Alibaba Group Holding ADR * | 40,527 | 9,359,711 | ||||||
Baozun ADR * | 94,284 | 3,272,598 | ||||||
JD.com ADR * | 103,308 | 7,991,907 | ||||||
Pinduoduo ADR * | 53,954 | 7,226,059 | ||||||
Trip.com Group ADR * | 280,044 | 10,944,119 | ||||||
Uxin ADR * (A) | 601,741 | 1,811,240 | ||||||
Vipshop Holdings ADR * | 311,610 | 9,588,240 | ||||||
50,193,874 |
10
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X E-commerce ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — 0.6% | ||||||||
LexinFintech Holdings ADR * | 159,368 | $ | 1,448,655 | |||||
TOTAL CHINA | 61,202,928 | |||||||
GERMANY— 1.2% | ||||||||
Consumer Discretionary — 1.2% | ||||||||
Jumia Technologies ADR * (A) | 95,219 | 2,896,562 | ||||||
JAPAN— 5.1% | ||||||||
Consumer Discretionary — 5.1% | ||||||||
Rakuten Group * | 966,044 | 12,276,062 | ||||||
SOUTH KOREA— 0.3% | ||||||||
Information Technology — 0.3% | ||||||||
Cafe24 * | 24,465 | 719,203 | ||||||
UNITED KINGDOM— 5.8% | ||||||||
Consumer Discretionary — 5.8% | ||||||||
ASOS * | 83,812 | 6,057,357 | ||||||
Ocado Group * | 269,862 | 7,835,137 | ||||||
TOTAL UNITED KINGDOM | 13,892,494 | |||||||
UNITED STATES— 54.6% | ||||||||
Communication Services — 4.2% | ||||||||
Angi, Cl A * | 83,585 | 1,338,196 | ||||||
TripAdvisor * | 113,410 | 5,345,013 | ||||||
Yelp, Cl A * | 85,697 | 3,367,892 | ||||||
10,051,101 | ||||||||
Consumer Discretionary — 38.2% | ||||||||
Amazon.com * | 2,923 | 10,135,269 | ||||||
Booking Holdings * | 4,167 | 10,276,155 | ||||||
eBay | 163,196 | 9,104,705 | ||||||
Etsy * | 44,569 | 8,859,872 | ||||||
Expedia Group * | 64,898 | 11,436,975 | ||||||
Groupon, Cl A * | 29,471 | 1,492,117 | ||||||
Lands’ End * | 25,673 | 591,506 | ||||||
Overstock.com * | 51,348 | 4,184,862 | ||||||
Overstock.com, Ser A1 | 366 | 28,182 |
11
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X E-commerce ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Discretionary — continued | ||||||||
PetMed Express | 23,396 | $ | 688,427 | |||||
Qurate Retail, Cl A * | 459,543 | 5,468,562 | ||||||
Shutterstock | 27,111 | 2,363,537 | ||||||
Stamps.com * | 21,329 | 4,380,337 | ||||||
Wayfair, Cl A * | 32,705 | 9,666,617 | ||||||
Williams-Sonoma | 77,385 | 13,213,489 | ||||||
91,890,612 | ||||||||
Financials — 2.0% | ||||||||
eHealth * | 29,732 | 2,103,242 | ||||||
LendingTree * | 13,883 | 2,866,700 | ||||||
4,969,942 | ||||||||
Industrials — 3.7% | ||||||||
CoStar Group * | 10,353 | 8,845,914 | ||||||
Information Technology — 6.5% | ||||||||
BigCommerce Holdings * | 29,850 | 1,789,209 | ||||||
GoDaddy, Cl A * | 112,534 | 9,770,202 | ||||||
LivePerson * | 74,763 | 4,085,798 | ||||||
15,645,209 | ||||||||
TOTAL UNITED STATES | 131,402,778 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $216,598,737) | 240,110,896 | |||||||
SHORT-TERM INVESTMENT(B)(C) — 0.7% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010% | ||||||||
(Cost $1,642,005) | 1,642,005 | 1,642,005 | ||||||
12
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X E-commerce ETF |
Face Amount | Value | |||||||
REPURCHASE AGREEMENT(B) — 1.0% | ||||||||
BNP Paribas | ||||||||
0.000%, dated 04/30/21, to be repurchased on 05/03/21, repurchase price $2,290,989 (collateralized by U.S. Treasury Obligations, ranging in par value $55,974 - $328,843, 1.500%, 02/15/2030, with a total market value of $2,337,445) (Cost $2,290,989) | $ | 2,290,989 | $ | 2,290,989 | ||||
TOTAL INVESTMENTS — 101.5% | ||||||||
(Cost $220,531,731) | $ | 244,043,890 |
Percentages are based on Net Assets of $240,485,101.
* | Non-income producing security. |
(A) | This security or a partial position of this security is on loan at April 30, 2021. The total value of securities on loan at April 30, 2021 was $3,932,277. |
(B) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2021, was $3,932,994. |
(C) | The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2021. |
ADR — American Depositary Receipt
Cl — Class
Ser — Series
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 240,110,896 | $ | — | $ | — | $ | 240,110,896 | ||||||||
Short-Term Investment | 1,642,005 | — | — | 1,642,005 | ||||||||||||
Repurchase Agreement | — | 2,290,989 | — | 2,290,989 | ||||||||||||
Total Investments in Securities | $ | 241,752,901 | $ | 2,290,989 | $ | — | $ | 244,043,890 |
For the period ended April 30, 2021, there have been no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
13
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Emerging Markets Internet & E-commerce ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 99.9% | ||||||||
ARGENTINA— 4.3% | ||||||||
Consumer Discretionary — 4.3% | ||||||||
MercadoLibre * | 195 | $ | 306,341 | |||||
BRAZIL— 5.0% | ||||||||
Consumer Discretionary — 2.7% | ||||||||
Afya, Cl A * | 581 | 13,020 | ||||||
Arco Platform, Cl A * | 342 | 8,776 | ||||||
B2W Cia Digital * | 1,890 | 23,452 | ||||||
Lojas Americanas * | 6,517 | 23,844 | ||||||
Magazine Luiza * | 25,595 | 94,497 | ||||||
Via Varejo S * | 10,890 | 23,746 | ||||||
187,335 | ||||||||
Information Technology — 2.3% | ||||||||
Pagseguro Digital, Cl A * | 1,402 | 64,127 | ||||||
StoneCo, Cl A * | 1,240 | 80,154 | ||||||
TOTVS | 3,672 | 21,050 | ||||||
165,331 | ||||||||
TOTAL BRAZIL | 352,666 | |||||||
CHILE— 0.6% | ||||||||
Consumer Discretionary — 0.6% | ||||||||
Falabella | 9,660 | 43,416 |
14
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Emerging Markets Internet & E-commerce ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
CHINA— 73.4% | ||||||||
Communication Services — 27.9% | ||||||||
Autohome ADR | 850 | $ | 78,821 | |||||
Baidu ADR * | 1,126 | 236,832 | ||||||
Bilibili ADR * | 2,425 | 268,835 | ||||||
China Literature * | 3,440 | 35,875 | ||||||
HUYA ADR * | 1,476 | 26,007 | ||||||
iQIYI ADR * | 4,242 | 62,400 | ||||||
JOYY ADR | 632 | 60,078 | ||||||
Momo ADR * | 1,735 | 25,435 | ||||||
NetEase ADR | 2,910 | 326,095 | ||||||
Tencent Holdings | 7,510 | 602,397 | ||||||
Tencent Music Entertainment Group ADR * | 10,238 | 178,346 | ||||||
Weibo ADR * | 1,630 | 82,152 | ||||||
1,983,273 | ||||||||
Consumer Discretionary — 40.1% | ||||||||
Alibaba Group Holding ADR * | 2,690 | 621,256 | ||||||
Baozun ADR * | 692 | 24,019 | ||||||
JD.com ADR * | 6,812 | 526,976 | ||||||
Koolearn Technology Holding * | 2,700 | 5,194 | ||||||
Meituan, Cl B * | 14,570 | 559,025 | ||||||
New Oriental Education & Technology Group ADR * | 14,198 | 216,661 | ||||||
Pinduoduo ADR * | 3,734 | 500,095 | ||||||
Tongcheng-Elong Holdings * | 8,450 | 21,193 | ||||||
Trip.com Group ADR * | 4,681 | 182,933 | ||||||
Vipshop Holdings ADR * | 5,365 | 165,081 | ||||||
Youdao ADR * | 926 | 24,187 | ||||||
2,846,620 | ||||||||
Health Care — 2.2% | ||||||||
Alibaba Health Information Technology * | 34,000 | 103,749 | ||||||
Ping An Healthcare and Technology * | 4,330 | 50,732 | ||||||
154,481 |
15
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Emerging Markets Internet & E-commerce ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — 0.2% | ||||||||
51job ADR * | 243 | $ | 14,957 | |||||
Information Technology — 3.0% | ||||||||
Kingdee International Software Group * | 19,850 | 65,682 | ||||||
Kingsoft | 8,250 | 58,422 | ||||||
Travelsky Technology, Cl H | 24,950 | 54,803 | ||||||
Weimob * | 15,250 | 33,693 | ||||||
212,600 | ||||||||
TOTAL CHINA | 5,211,931 | |||||||
POLAND— 0.4% | ||||||||
Communication Services — 0.4% | ||||||||
CD Projekt | 589 | 27,067 | ||||||
RUSSIA— 2.7% | ||||||||
Communication Services — 2.7% | ||||||||
Yandex, Cl A * | 2,878 | 188,653 | ||||||
SOUTH AFRICA— 4.6% | ||||||||
Communication Services — 0.2% | ||||||||
MultiChoice Group | 1,956 | 16,825 | ||||||
Consumer Discretionary — 4.4% | ||||||||
Naspers, Cl N | 1,376 | 313,984 | ||||||
TOTAL SOUTH AFRICA | 330,809 | |||||||
SOUTH KOREA— 8.9% | ||||||||
Communication Services — 8.9% | ||||||||
Kakao | 2,235 | 228,051 | ||||||
NAVER | 958 | 309,616 | ||||||
NCSoft | 124 | 92,525 | ||||||
TOTAL SOUTH KOREA | 630,192 | |||||||
TOTAL INVESTMENTS — 99.9% | ||||||||
(Cost $7,146,935) | $ | 7,091,075 |
Percentages are based on Net Assets of $7,100,475.
* | Non-income producing security. |
16
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Emerging Markets Internet & E-commerce ETF |
ADR — American Depositary Receipt
Cl — Class
As of April 30, 2021, 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.
For the period ended April 30, 2021, there have been no transfers in or out of Level 3.
17
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperDividend® ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments. Repurchase agreements purchased from cash collateral received for securities lending activity are included in total investments. Please see Note 2 and 7 in Notes to Financial Statements for more detailed information.
Shares | Value | |||||||
COMMON STOCK — 98.4% | ||||||||
AUSTRALIA— 3.0% | ||||||||
Financials — 2.0% | ||||||||
IOOF Holdings | 3,367,985 | $ | 9,495,856 | |||||
Platinum Asset Management | 2,391,870 | 8,720,687 | ||||||
18,216,543 | ||||||||
Materials — 1.0% | ||||||||
Fortescue Metals Group | 519,845 | 9,071,126 | ||||||
TOTAL AUSTRALIA | 27,287,669 | |||||||
BERMUDA— 1.0% | ||||||||
Energy — 1.0% | ||||||||
Hoegh LNG Partners (A) | 552,774 | 9,231,326 |
18
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperDividend® ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
BRAZIL— 2.3% | ||||||||
Energy — 1.0% | ||||||||
Enauta Participacoes | 3,179,303 | $ | 8,901,638 | |||||
Utilities — 1.3% | ||||||||
Transmissora Alianca de Energia Eletrica | 1,557,548 | 12,000,462 | ||||||
TOTAL BRAZIL | 20,902,100 | |||||||
CHINA— 26.1% | ||||||||
Communication Services — 1.0% | ||||||||
CITIC Telecom International Holdings | 25,451,400 | 9,208,165 | ||||||
Consumer Discretionary — 1.1% | ||||||||
China Dongxiang Group | 75,531,500 | 9,919,353 | ||||||
Energy — 2.1% | ||||||||
China Shenhua Energy, Cl H | 4,720,400 | 9,845,752 | ||||||
Yanzhou Coal Mining, Cl H | 8,345,100 | 9,960,161 | ||||||
19,805,913 | ||||||||
Financials — 0.8% | ||||||||
China Minsheng Banking, Cl H | 14,533,800 | 7,466,330 | ||||||
Industrials — 2.2% | ||||||||
Lonking Holdings | 25,218,800 | 10,715,031 | ||||||
Sinopec Engineering Group, Cl H | 16,409,500 | 10,162,382 | ||||||
20,877,413 | ||||||||
Materials — 2.9% | ||||||||
Asia Cement China Holdings (B)(C)(G) | 9,100,500 | 9,102,433 | ||||||
China Sanjiang Fine Chemicals | 19,116,000 | 8,983,488 | ||||||
Shougang Fushan Resources Group | 32,668,700 | 8,538,527 | ||||||
26,624,448 | ||||||||
Real Estate — 15.0% | ||||||||
Agile Group Holdings | 6,522,900 | 10,229,233 | ||||||
Central China Real Estate | 18,635,800 | 10,293,437 | ||||||
China Aoyuan Group | 9,603,100 | 9,990,285 | ||||||
China SCE Group Holdings | 21,301,300 | 9,983,035 | ||||||
Guangzhou R&F Properties | 6,733,500 | 8,617,521 | ||||||
KWG Group Holdings | 6,184,300 | 9,937,113 | ||||||
Midea Real Estate Holding (A) | 3,875,400 | 8,841,691 |
19
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperDividend® ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Real Estate — continued | ||||||||
Poly Property Group | 28,947,500 | $ | 8,274,069 | |||||
Powerlong Real Estate Holdings | 10,191,100 | 10,733,206 | ||||||
Ronshine China Holdings (A) | 13,206,900 | 9,233,276 | ||||||
Shenzhen Investment | 26,225,400 | 9,623,256 | ||||||
Times China Holdings | 6,194,800 | 8,837,351 | ||||||
Yuexiu Property | 42,087,900 | 9,754,047 | ||||||
Yuzhou Properties (A) | 22,526,102 | 6,264,622 | ||||||
Zhongliang Holdings Group | 13,193,900 | 8,833,476 | ||||||
139,445,618 | ||||||||
Utilities — 1.0% | ||||||||
China Power International Development | 41,060,200 | 9,410,141 | ||||||
TOTAL CHINA | 242,757,381 | |||||||
COLOMBIA— 0.9% | ||||||||
Energy — 0.9% | ||||||||
Ecopetrol ADR | 677,642 | 8,016,505 | ||||||
EGYPT— 1.8% | ||||||||
Consumer Staples — 0.8% | ||||||||
Eastern SAE | 9,878,511 | 7,355,264 | ||||||
Materials — 1.0% | ||||||||
Centamin | 5,993,550 | 8,912,404 | ||||||
TOTAL EGYPT | 16,267,668 | |||||||
HONG KONG— 1.9% | ||||||||
Communication Services — 1.0% | ||||||||
PCCW | 15,476,700 | 8,966,975 | ||||||
Consumer Discretionary — 0.9% | ||||||||
Pacific Textiles Holdings | 13,054,800 | 8,353,754 | ||||||
TOTAL HONG KONG | 17,320,729 | |||||||
INDONESIA— 1.9% | ||||||||
Energy — 0.9% | ||||||||
Bukit Asam | 48,632,866 | 7,979,224 | ||||||
Real Estate — 1.0% | ||||||||
Puradelta Lestari | 529,894,455 | 8,877,429 |
20
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperDividend® ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
TOTAL INDONESIA | $ | 16,856,653 | ||||||
ISRAEL— 1.1% | ||||||||
Consumer Discretionary — 1.1% | ||||||||
Electra Consumer Products 1970 | 217,213 | 10,206,503 | ||||||
KAZAKHSTAN— 1.1% | ||||||||
Financials — 1.1% | ||||||||
Halyk Savings Bank of Kazakhstan JSC GDR | 741,111 | 10,612,710 | ||||||
NETHERLANDS— 1.0% | ||||||||
Financials — 1.0% | ||||||||
Flow Traders (A) | 218,150 | 9,018,022 | ||||||
NIGERIA— 1.0% | ||||||||
Financials — 1.0% | ||||||||
Zenith Bank | 176,982,843 | 9,633,928 | ||||||
NORWAY— 2.0% | ||||||||
Energy — 2.0% | ||||||||
Ocean Yield | 2,723,480 | 9,788,295 | ||||||
SFL | 1,142,284 | 8,864,124 | ||||||
TOTAL NORWAY | 18,652,419 | |||||||
PORTUGAL— 1.1% | ||||||||
Communication Services — 1.1% | ||||||||
NOS SGPS | 2,710,807 | 10,292,386 | ||||||
RUSSIA— 5.7% | ||||||||
Communication Services — 1.0% | ||||||||
Mobile TeleSystems ADR | 1,052,655 | 8,915,988 | ||||||
Consumer Staples — 0.9% | ||||||||
Magnit PJSC GDR | 625,656 | 8,812,365 | ||||||
Industrials — 0.9% | ||||||||
Globaltrans Investment GDR | 1,298,920 | 8,079,282 | ||||||
Information Technology — 0.9% | ||||||||
QIWI ADR | 799,779 | 8,437,669 | ||||||
Materials — 2.0% | ||||||||
Evraz | 1,087,710 | 9,674,423 |
21
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperDividend® ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Materials — continued | ||||||||
PhosAgro PJSC GDR | 499,692 | $ | 9,179,342 | |||||
18,853,765 | ||||||||
TOTAL RUSSIA | 53,099,069 | |||||||
SINGAPORE— 2.2% | ||||||||
Energy — 1.2% | ||||||||
BW LPG | 1,548,337 | 11,489,249 | ||||||
Real Estate — 1.0% | ||||||||
Sasseur Real Estate Investment Trust ‡ | 13,875,947 | 9,647,663 | ||||||
TOTAL SINGAPORE | 21,136,912 | |||||||
SOUTH AFRICA— 4.3% | ||||||||
Financials — 1.1% | ||||||||
Coronation Fund Managers | 2,653,803 | 10,103,018 | ||||||
Real Estate — 3.2% | ||||||||
Equites Property Fund ‡ | 7,177,927 | 10,019,164 | ||||||
Hyprop Investments ‡ | 4,715,838 | 9,914,393 | ||||||
Resilient ‡ | 2,942,871 | 10,138,528 | ||||||
30,072,085 | ||||||||
TOTAL SOUTH AFRICA | 40,175,103 | |||||||
SPAIN— 1.9% | ||||||||
Communication Services — 1.0% | ||||||||
Telefonica | 1,949,650 | 9,044,151 | ||||||
Energy — 0.9% | ||||||||
Repsol | 690,942 | 8,266,019 | ||||||
TOTAL SPAIN | 17,310,170 | |||||||
TAIWAN— 2.0% | ||||||||
Real Estate — 2.0% | ||||||||
Chong Hong Construction | 3,025,400 | 8,989,661 | ||||||
Farglory Land Development | 4,600,100 | 9,502,229 | ||||||
TOTAL TAIWAN | 18,491,890 |
22
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperDividend® ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
THAILAND— 4.7% | ||||||||
Communication Services — 1.9% | ||||||||
Jasmine Broadband Internet Infrastructure Fund | 28,791,769 | $ | 9,015,488 | |||||
Jasmine International NVDR * (A) | 95,028,661 | 8,850,522 | ||||||
17,866,010 | ||||||||
Financials — 0.9% | ||||||||
Tisco Financial Group NVDR | 2,818,335 | 8,372,412 | ||||||
Real Estate — 1.9% | ||||||||
Land & Houses NVDR (A) | 34,005,940 | 9,446,853 | ||||||
Quality Houses | 112,409,010 | 8,592,001 | ||||||
18,038,854 | ||||||||
TOTAL THAILAND | 44,277,276 | |||||||
UNITED KINGDOM— 4.9% | ||||||||
Consumer Staples — 2.0% | ||||||||
British American Tobacco | 245,321 | 9,109,613 | ||||||
Imperial Brands | 463,290 | 9,669,782 | ||||||
18,779,395 | ||||||||
Energy — 1.0% | ||||||||
TORM, Cl A (A) | 1,077,170 | 9,511,647 | ||||||
Financials — 1.9% | ||||||||
M&G | 2,967,251 | 8,927,306 | ||||||
Standard Life Aberdeen | 2,138,698 | 8,217,106 | ||||||
17,144,412 | ||||||||
TOTAL UNITED KINGDOM | 45,435,454 | |||||||
UNITED STATES— 26.5% | ||||||||
Communication Services — 0.9% | ||||||||
Lumen Technologies | 636,336 | 8,164,191 | ||||||
Consumer Staples — 1.0% | ||||||||
Altria Group | 185,122 | 8,839,575 | ||||||
Energy — 3.8% | ||||||||
Antero Midstream | 986,037 | 8,519,360 | ||||||
Diversified Gas & Oil | 5,409,409 | 9,137,262 | ||||||
Plains GP Holdings, Cl A | 931,377 | 8,736,316 |
23
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperDividend® ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Energy — continued | ||||||||
Williams | 374,260 | $ | 9,116,974 | |||||
35,509,912 | ||||||||
Financials — 14.4% | ||||||||
AGNC Investment ‡ | 540,934 | 9,698,946 | ||||||
Annaly Capital Management ‡ | 1,027,552 | 9,330,172 | ||||||
Apollo Commercial Real Estate Finance ‡ | 634,284 | 9,647,460 | ||||||
Arbor Realty Trust ‡ | 546,365 | 9,659,733 | ||||||
ARMOUR Residential ‡ | 732,941 | 9,110,457 | ||||||
Blackstone Mortgage Trust, Cl A ‡ | 286,528 | 9,309,295 | ||||||
Capstead Mortgage ‡ | 1,460,451 | 9,463,722 | ||||||
Chimera Investment ‡ | 723,402 | 9,505,502 | ||||||
Invesco Mortgage Capital ‡ (A) | 2,367,710 | 9,234,069 | ||||||
KKR Real Estate Finance Trust ‡ | 467,100 | 9,855,810 | ||||||
Ladder Capital, Cl A ‡ | 762,664 | 9,068,075 | ||||||
Ready Capital ‡ * | 636,170 | 9,230,827 | ||||||
Starwood Property Trust ‡ | 381,831 | 9,858,877 | ||||||
TPG RE Finance Trust ‡ | 778,456 | 9,699,562 | ||||||
132,672,507 | ||||||||
Real Estate — 6.4% | ||||||||
American Finance Trust ‡ | 888,527 | 8,894,155 | ||||||
Brookfield Property, Cl A ‡ | 499,212 | 8,978,328 | ||||||
GEO Group ‡ * | 1,101,791 | 6,070,868 | ||||||
Gladstone Commercial ‡ | 449,083 | 9,448,706 | ||||||
Global Net Lease ‡ | 474,738 | 9,114,969 | ||||||
Iron Mountain ‡ | 240,639 | 9,654,437 | ||||||
Office Properties Income Trust ‡ | 311,317 | 8,639,047 | ||||||
60,800,510 | ||||||||
TOTAL UNITED STATES | 245,986,695 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $837,498,953) | 912,968,568 |
24
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperDividend® ETF |
Shares/Face Amount | Value | |||||||
PREFERRED STOCK — 1.1% | ||||||||
BRAZIL— 1.1% | ||||||||
Utilities — 1.1% | ||||||||
Cia de Transmissao de Energia Eletrica Paulista (D) | ||||||||
(Cost $8,696,790) | 2,112,477 | $ | 10,513,226 | |||||
TOTAL BRAZIL | 10,513,226 | |||||||
SHORT-TERM INVESTMENT(E)(F) — 0.6% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010% | ||||||||
(Cost $5,855,906) | 5,855,906 | 5,855,906 | ||||||
REPURCHASE AGREEMENT(E) — 0.9% | ||||||||
BNP Paribas | ||||||||
0.000%, dated 04/30/21, to be repurchased on 05/03/21, repurchase price $8,170,388 (collateralized by U.S. Treasury Obligations, ranging in par value $199,620 - $1,172,757, 1.500%, 02/15/2030, with a total market | ||||||||
value of $8,336,058) (Cost $8,170,388) | $ | 8,170,388 | 8,170,388 | |||||
TOTAL INVESTMENTS — 101.0% | ||||||||
(Cost $860,222,037) | $ | 937,508,088 |
Percentages are based on Net Assets of $927,948,597.
‡ | Real Estate Investment Trust |
* | Non-income producing security. |
(A) | This security or a partial position of this security is on loan at April 30, 2021. The total value of securities on loan at April 30, 2021 was $12,448,370. |
(B) | Level 3 security in accordance with fair value hierarchy. |
(C) | Security considered illiquid. The total value of such securities as of April 30, 2021 was $9,102,433 and represented 1.0% of Net Assets of the Fund. |
(D) | There is currently no stated interest rate. |
25
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperDividend® ETF |
(E) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2021, was $14,026,294. |
(F) | The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2021. |
(G) | Security is fair valued using methods determined in good faith by the Fair ValueCommittee of the Fund. The total value of such securities as of April 30, 2021,was $9,102,433 and represents 1.0% of Net Assets of the Fund. |
ADR — American Depositary Receipt
Cl — Class
GDR — Global Depositary Receipt
JSC — Joint Stock Company
NVDR — Non-Voting Depositary Receipt
PJSC — Public Joint Stock Company
REIT — Real Estate Investment Trust
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3(1) | Total | ||||||||||||
Common Stock | $ | 858,300,831 | $ | 45,565,304 | $ | 9,102,433 | $ | 912,968,568 | ||||||||
Preferred Stock | 10,513,226 | — | — | 10,513,226 | ||||||||||||
Short-Term Investment | 5,855,906 | — | — | 5,855,906 | ||||||||||||
Repurchase Agreement | — | 8,170,388 | — | 8,170,388 | ||||||||||||
Total Investments in Securities | $ | 874,669,963 | $ | 53,735,692 | $ | 9,102,433 | $ | 937,508,088 |
(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 beginning and/or end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets. |
For the period ended April 30, 2021, there were transfers into Level 3 in the amount of $9,102,433.
Amounts designated as “—“ are $0 or have been rounded to $0.
26
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperDividend® U.S. ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments. Repurchase agreements purchased from cash collateral received for securities lending activity are included in total investments. Please see Note 2 and 7 in Notes to Financial Statements for more detailed information.
Shares | Value | |||||||
COMMON STOCK — 85.2% | ||||||||
UNITED STATES— 85.2% | ||||||||
Communication Services — 6.2% | ||||||||
AT&T | 423,207 | $ | 13,292,932 | |||||
Cogent Communications Group | 206,336 | 15,580,431 | ||||||
Verizon Communications | 217,081 | 12,545,111 | ||||||
41,418,474 | ||||||||
Consumer Discretionary — 1.5% | ||||||||
PetMed Express (A) | 345,180 | 10,156,922 | ||||||
Consumer Staples — 23.4% | ||||||||
Altria Group | 286,924 | 13,700,621 | ||||||
B&G Foods (A) | 400,629 | 11,690,354 | ||||||
Bunge | 165,495 | 13,971,088 | ||||||
Flowers Foods | 570,059 | 13,658,614 | ||||||
General Mills | 213,183 | 12,974,317 | ||||||
Kellogg | 211,785 | 13,219,620 | ||||||
Kraft Heinz | 317,588 | 13,113,208 |
27
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperDividend® U.S. ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Philip Morris International | 143,306 | $ | 13,614,070 | |||||
SpartanNash | 678,336 | 13,139,369 | ||||||
Universal | 239,942 | 13,491,939 | ||||||
Vector Group | 893,442 | 11,659,418 | ||||||
Walgreens Boots Alliance | 252,863 | 13,427,025 | ||||||
157,659,643 | ||||||||
Energy — 5.9% | ||||||||
Antero Midstream | 1,542,707 | 13,328,988 | ||||||
Enviva Partners | 239,443 | 11,792,568 | ||||||
Equitrans Midstream | 1,759,782 | 14,359,821 | ||||||
39,481,377 | ||||||||
Financials — 10.0% | ||||||||
AGNC Investment ‡ | 768,464 | 13,778,560 | ||||||
KKR Real Estate Finance Trust ‡ | 685,165 | 14,456,981 | ||||||
New York Community Bancorp | 1,107,638 | 13,247,350 | ||||||
TFS Financial | 652,048 | 12,754,059 | ||||||
Virtu Financial, Cl A | 440,316 | 13,046,563 | ||||||
67,283,513 | ||||||||
Health Care — 5.8% | ||||||||
AbbVie | 116,622 | 13,003,353 | ||||||
Gilead Sciences | 189,668 | 12,038,228 | ||||||
Pfizer | 357,943 | 13,834,497 | ||||||
38,876,078 | ||||||||
Industrials — 5.9% | ||||||||
Ennis | 636,064 | 13,185,607 | ||||||
MSC Industrial Direct, Cl A | 145,281 | 13,098,535 | ||||||
National Presto Industries | 131,706 | 13,549,913 | ||||||
39,834,055 | ||||||||
Materials — 2.1% | ||||||||
Westlake Chemical Partners | 529,366 | 14,224,064 | ||||||
Real Estate — 12.3% | ||||||||
Alexander’s ‡ | 46,983 | 13,025,567 | ||||||
CoreSite Realty ‡ | 102,314 | 12,430,128 | ||||||
CubeSmart ‡ | 343,891 | 14,560,345 | ||||||
Easterly Government Properties ‡ | 584,714 | 12,530,421 |
28
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperDividend® U.S. ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Real Estate — continued | ||||||||
Iron Mountain ‡ | 385,632 | $ | 15,471,556 | |||||
Public Storage ‡ | 52,687 | 14,813,477 | ||||||
82,831,494 | ||||||||
Utilities — 12.1% | ||||||||
Avangrid | 273,912 | 13,942,121 | ||||||
Clearway Energy, Cl C | 395,237 | 11,339,349 | ||||||
Consolidated Edison | 176,675 | 13,676,412 | ||||||
Duke Energy | 138,152 | 13,910,525 | ||||||
Hawaiian Electric Industries | 354,467 | 15,263,349 | ||||||
National Fuel Gas | 273,723 | 13,593,084 | ||||||
81,724,840 | ||||||||
TOTAL UNITED STATES | 573,490,460 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $516,121,413) | 573,490,460 | |||||||
MASTER LIMITED PARTNERSHIPS — 14.4% | ||||||||
UNITED KINGDOM— 2.1% | ||||||||
Energy — 2.1% | ||||||||
KNOT Offshore Partners | 746,555 | 13,885,923 | ||||||
UNITED STATES— 12.3% | ||||||||
Energy — 8.6% | ||||||||
BP Midstream Partners | 1,027,370 | 13,417,452 | ||||||
CrossAmerica Partners | 678,134 | 14,688,383 | ||||||
Holly Energy Partners | 805,456 | 16,487,684 | ||||||
MPLX | 506,477 | 13,669,814 | ||||||
58,263,333 | ||||||||
Financials — 2.0% | ||||||||
Compass Diversified Holdings | 531,586 | 13,523,548 | ||||||
Industrials — 1.7% | ||||||||
Icahn Enterprises | 195,157 | 11,311,299 | ||||||
TOTAL MASTER LIMITED PARTNERSHIPS | ||||||||
(Cost $71,929,184) | 96,984,103 |
29
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperDividend® U.S. ETF |
Shares / Face Amount | Value | |||||||
SHORT-TERM INVESTMENT(B)(C) — 0.5% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010% | ||||||||
(Cost $3,698,805) | 3,698,805 | $ | 3,698,805 | |||||
REPURCHASE AGREEMENT(B) — 0.8% | ||||||||
BNP Paribas | ||||||||
0.000%, dated 04/30/21, to be repurchased on 05/03/21, repurchase price $5,160,716 (collateralized by U.S. Treasury Obligations, ranging in par value $126,087 - $740,756, 1.500%, 02/15/2030, with a total market | ||||||||
value of $5,265,358) (Cost $5,160,716) | $ | 5,160,716 | 5,160,716 | |||||
TOTAL INVESTMENTS — 100.9% | ||||||||
(Cost $596,910,118) | $ | 679,334,084 |
Percentages are based on Net Assets of $673,058,114.
‡ | Real Estate Investment Trust |
(A) | This security or a partial position of this security is on loan at April 30, 2021. The total value of securities on loan at April 30, 2021 was $8,640,452. |
(B) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2021, was $8,859,521. |
(C) | The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2021. |
Cl — Class
30
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperDividend® U.S. ETF |
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 573,490,460 | $ | — | $ | — | $ | 573,490,460 | ||||||||
Master Limited Partnerships | 96,984,103 | — | — | 96,984,103 | ||||||||||||
Short-Term Investment | 3,698,805 | — | — | 3,698,805 | ||||||||||||
Repurchase Agreement | — | 5,160,716 | — | 5,160,716 | ||||||||||||
Total Investments in Securities | $ | 674,173,368 | $ | 5,160,716 | $ | — | $ | 679,334,084 |
For the period ended April 30, 2021, there have been no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
31
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI SuperDividend® EAFE ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 99.2% | ||||||||
AUSTRALIA— 8.7% | ||||||||
Industrials — 1.8% | ||||||||
Aurizon Holdings | 71,168 | $ | 206,152 | |||||
Materials — 4.9% | ||||||||
Fortescue Metals Group | 17,825 | 311,040 | ||||||
Rio Tinto | 3,107 | 261,376 | ||||||
572,416 | ||||||||
Real Estate — 2.0% | ||||||||
Scentre Group ‡ | 110,516 | 232,202 | ||||||
TOTAL AUSTRALIA | 1,010,770 | |||||||
AUSTRIA— 2.6% | ||||||||
Energy — 2.6% | ||||||||
OMV | 6,278 | 309,932 | ||||||
BELGIUM— 3.7% | ||||||||
Communication Services — 1.5% | ||||||||
Proximus | 8,480 | 180,992 | ||||||
Consumer Discretionary — 2.2% | ||||||||
Ageas | 4,310 | 261,288 | ||||||
TOTAL BELGIUM | 442,280 |
32
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI SuperDividend® EAFE ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
CHINA— 2.2% | ||||||||
Financials — 2.2% | ||||||||
BOC Hong Kong Holdings | 74,000 | $ | 261,058 | |||||
DENMARK— 3.7% | ||||||||
Consumer Discretionary — 3.7% | ||||||||
Pandora * | 3,774 | 428,860 | ||||||
FINLAND— 2.1% | ||||||||
Utilities — 2.1% | ||||||||
Fortum | 9,531 | 250,695 | ||||||
FRANCE— 6.3% | ||||||||
Energy — 1.7% | ||||||||
Total | 4,500 | 199,486 | ||||||
Real Estate — 4.6% | ||||||||
Covivio ‡ | 2,924 | 261,178 | ||||||
Klepierre ‡ * | 10,390 | 275,916 | ||||||
537,094 | ||||||||
TOTAL FRANCE | 736,580 | |||||||
GERMANY— 3.7% | ||||||||
Industrials — 1.6% | ||||||||
HOCHTIEF | 2,052 | 192,626 | ||||||
Materials — 2.1% | ||||||||
BASF | 3,043 | 245,726 | ||||||
TOTAL GERMANY | 438,352 | |||||||
HONG KONG— 7.2% | ||||||||
Communication Services — 2.7% | ||||||||
HKT Trust & HKT | 104,920 | 152,378 | ||||||
PCCW | 282,065 | 163,424 | ||||||
315,802 | ||||||||
Real Estate — 2.4% | ||||||||
Swire Pacific, Cl A | 35,400 | 286,460 | ||||||
Utilities — 2.1% | ||||||||
Power Assets Holdings | 39,506 | 242,880 |
33
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI SuperDividend® EAFE ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
TOTAL HONG KONG | $ | 845,142 | ||||||
ITALY— 8.0% | ||||||||
Communication Services — 2.1% | ||||||||
Telecom Italia | 423,344 | 248,696 | ||||||
Energy — 1.8% | ||||||||
Eni | 17,787 | 212,622 | ||||||
Financials — 2.3% | ||||||||
Poste Italiane | 20,099 | 263,728 | ||||||
Utilities — 1.8% | ||||||||
Snam | 37,242 | 209,814 | ||||||
TOTAL ITALY | 934,860 | |||||||
JAPAN— 5.5% | ||||||||
Communication Services — 1.9% | ||||||||
SoftBank | 17,548 | 226,284 | ||||||
Consumer Staples — 1.4% | ||||||||
Japan Tobacco | 8,638 | 161,530 | ||||||
Real Estate — 2.2% | ||||||||
Japan Metropolitan Fund Invest ‡ | 262 | 258,153 | ||||||
TOTAL JAPAN | 645,967 | |||||||
NETHERLANDS— 3.8% | ||||||||
Energy — 1.6% | ||||||||
Royal Dutch Shell, Cl A | 10,125 | 191,353 | ||||||
Financials — 2.2% | ||||||||
NN Group | 5,162 | 258,317 | ||||||
TOTAL NETHERLANDS | 449,670 | |||||||
NEW ZEALAND— 1.6% | ||||||||
Communication Services — 1.6% | ||||||||
Spark New Zealand | 57,602 | 181,849 | ||||||
NORWAY— 2.1% | ||||||||
Communication Services — 2.1% | ||||||||
Telenor | 13,722 | 245,183 |
34
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI SuperDividend® EAFE ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
PORTUGAL— 3.4% | ||||||||
Energy — 1.7% | ||||||||
Galp Energia | 17,116 | $ | 198,007 | |||||
Utilities — 1.7% | ||||||||
Energias de Portugal | 36,465 | 202,891 | ||||||
TOTAL PORTUGAL | 400,898 | |||||||
SPAIN— 14.0% | ||||||||
Energy — 1.9% | ||||||||
Repsol | 18,973 | 226,982 | ||||||
Financials — 2.7% | ||||||||
Banco Bilbao Vizcaya Argentaria * | 57,097 | 321,020 | ||||||
Industrials — 2.2% | ||||||||
ACS Actividades de Construccion y Servicios | 7,717 | 252,031 | ||||||
Utilities — 7.2% | ||||||||
Enagas | 7,326 | 159,802 | ||||||
Endesa | 7,394 | 194,574 | ||||||
Naturgy Energy Group | 9,771 | 250,891 | ||||||
Red Electrica | 12,955 | 238,218 | ||||||
843,485 | ||||||||
TOTAL SPAIN | 1,643,518 | |||||||
SWEDEN— 1.9% | ||||||||
Communication Services — 1.9% | ||||||||
Telia | 53,972 | 223,656 | ||||||
SWITZERLAND— 1.9% | ||||||||
Financials — 1.9% | ||||||||
Zurich Insurance Group | 546 | 224,315 | ||||||
UNITED KINGDOM— 14.8% | ||||||||
Communication Services — 2.1% | ||||||||
Vodafone Group | 129,715 | 245,687 | ||||||
Consumer Staples — 3.3% | ||||||||
British American Tobacco | 5,609 | 208,281 |
35
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI SuperDividend® EAFE ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Staples — continued | ||||||||
Imperial Brands | 8,577 | $ | 179,019 | |||||
387,300 | ||||||||
Energy — 1.5% | ||||||||
BP | 42,490 | 178,253 | ||||||
Financials — 7.9% | ||||||||
Legal & General Group | 69,049 | 260,418 | ||||||
M&G | 82,437 | 248,021 | ||||||
Phoenix Group Holdings | 20,713 | 204,016 | ||||||
Standard Life Aberdeen | 56,819 | 218,305 | ||||||
930,760 | ||||||||
TOTAL UNITED KINGDOM | 1,742,000 | |||||||
UNITED STATES— 2.0% | ||||||||
Financials — 2.0% | ||||||||
Swiss Re | 2,535 | 235,920 | ||||||
TOTAL INVESTMENTS — 99.2% | ||||||||
(Cost $9,991,956) | $ | 11,651,505 |
Percentages are based on Net Assets of $11,745,515.
‡ | Real Estate Investment Trust |
* | Non-income producing security. |
Cl — Class
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 11,222,645 | $ | 428,860 | $ | — | $ | 11,651,505 | ||||||||
Total Investments in Securities | $ | 11,222,645 | $ | 428,860 | $ | — | $ | 11,651,505 |
For the period ended April 30, 2021, there have been no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
36
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI SuperDividend® Emerging Markets ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 99.7% | ||||||||
BRAZIL— 3.4% | ||||||||
Financials — 3.4% | ||||||||
Banco do Brasil | 125,823 | $ | 687,414 | |||||
BB Seguridade Participacoes | 142,903 | 588,180 | ||||||
Total Financials | 1,275,594 | |||||||
TOTAL BRAZIL | 1,275,594 | |||||||
CHILE— 1.5% | ||||||||
Utilities — 1.5% | ||||||||
Enel Americas | 3,993,527 | 565,691 | ||||||
CHINA— 35.2% | ||||||||
Consumer Staples — 1.6% | ||||||||
Wens Foodstuffs Group | 267,300 | 594,657 | ||||||
Energy — 4.4% | ||||||||
China Shenhua Energy, Cl H | 375,664 | 783,555 | ||||||
Yanzhou Coal Mining, Cl H | 717,900 | 856,838 | ||||||
Total Energy | 1,640,393 | |||||||
Financials — 10.6% | ||||||||
Bank of China Ltd., Cl H | 1,849,300 | 735,734 |
37
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI SuperDividend® Emerging Markets ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — continued | ||||||||
Bank of Communications, Cl H | 929,180 | $ | 594,581 | |||||
China Cinda Asset Management, Cl H | 3,651,600 | 719,333 | ||||||
China Everbright Bank, Cl H | 1,563,300 | 654,155 | ||||||
China Minsheng Banking, Cl H | 980,900 | 503,910 | ||||||
PICC Property & Casualty, Cl H | 763,600 | 750,146 | ||||||
Total Financials | 3,957,859 | |||||||
Industrials — 1.6% | ||||||||
Shenzhen International Holdings | 370,000 | 616,440 | ||||||
Information Technology — 3.8% | ||||||||
Lenovo Group | 1,027,200 | 1,412,477 | ||||||
Real Estate — 11.3% | ||||||||
Agile Group Holdings | 540,300 | 847,301 | ||||||
China Aoyuan Group | 587,600 | 611,291 | ||||||
China Fortune Land Development, Cl A * | 277,700 | 239,132 | ||||||
Guangzhou R&F Properties | 468,300 | 599,329 | ||||||
KWG Group Holdings | 375,000 | 602,561 | ||||||
Shanghai Lujiazui Finance & Trade Zone Development, Cl B | 695,600 | 628,127 | ||||||
Shenzhen Investment | 1,943,800 | 713,266 | ||||||
Total Real Estate | 4,241,007 | |||||||
Utilities — 1.9% | ||||||||
China Power International Development | 3,073,164 | 704,305 | ||||||
TOTAL CHINA | 13,167,138 | |||||||
COLOMBIA— 1.8% | ||||||||
Energy — 1.8% | ||||||||
Ecopetrol | 1,113,636 | 657,881 | ||||||
CZECHIA— 2.2% | ||||||||
Utilities — 2.2% | ||||||||
CEZ | 28,925 | 806,918 | ||||||
38
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI SuperDividend® Emerging Markets ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
EGYPT— 3.3% | ||||||||
Consumer Staples — 1.6% | ||||||||
Eastern SAE | 790,396 | $ | 588,507 | |||||
Industrials — 1.7% | ||||||||
ElSewedy Electric | 1,251,811 | 641,893 | ||||||
TOTAL EGYPT | 1,230,400 | |||||||
INDIA— 4.4% | ||||||||
Financials — 2.3% | ||||||||
REC | 502,148 | 868,408 | ||||||
Materials — 2.1% | ||||||||
Ambuja Cements | 185,723 | 774,885 | ||||||
TOTAL INDIA | 1,643,293 | |||||||
INDONESIA— 1.9% | ||||||||
Energy — 1.9% | ||||||||
Adaro Energy | 8,346,517 | 719,378 | ||||||
MALAYSIA— 3.9% | ||||||||
Consumer Discretionary — 2.1% | ||||||||
Genting Malaysia | 1,134,723 | 797,774 | ||||||
Financials — 1.8% | ||||||||
Malayan Banking | 340,896 | 684,888 | ||||||
TOTAL MALAYSIA | 1,482,662 | |||||||
PAKISTAN— 1.7% | ||||||||
Financials — 1.7% | ||||||||
MCB Bank | 619,305 | 654,700 | ||||||
ROMANIA— 2.3% | ||||||||
Real Estate — 2.3% | ||||||||
NEPI Rockcastle | 128,049 | 862,339 | ||||||
RUSSIA— 7.6% | ||||||||
Consumer Staples — 2.0% | ||||||||
Magnit PJSC GDR | 52,204 | 735,293 |
39
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI SuperDividend® Emerging Markets ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Energy — 1.6% | ||||||||
LUKOIL PJSC | 7,943 | $ | 613,265 | |||||
Materials — 4.0% | ||||||||
MMC Norilsk Nickel PJSC | 1,925 | 657,938 | ||||||
PhosAgro PJSC GDR | 46,048 | 845,901 | ||||||
Total Materials | 1,503,839 | |||||||
TOTAL RUSSIA | 2,852,397 | |||||||
SOUTH AFRICA— 10.2% | ||||||||
Energy — 2.6% | ||||||||
Exxaro Resources | 94,332 | 991,600 | ||||||
Financials — 4.7% | ||||||||
Nedbank Group * | 101,959 | 1,039,163 | ||||||
Old Mutual | 823,887 | 718,399 | ||||||
Total Financials | 1,757,562 | |||||||
Materials — 2.9% | ||||||||
Kumba Iron Ore | 23,893 | 1,084,230 | ||||||
TOTAL SOUTH AFRICA | 3,833,392 | |||||||
SOUTH KOREA— 6.6% | ||||||||
Financials — 4.3% | ||||||||
Industrial Bank of Korea | 94,292 | 821,405 | ||||||
Woori Financial Group | 83,957 | 807,605 | ||||||
Total Financials | 1,629,010 | |||||||
Industrials — 2.3% | ||||||||
Hyundai Heavy Industries Holdings | 13,422 | 849,471 | ||||||
TOTAL SOUTH KOREA | 2,478,481 | |||||||
TAIWAN— 4.7% | ||||||||
Information Technology — 2.3% | ||||||||
Lite-On Technology | 369,610 | 845,526 | ||||||
Materials — 2.4% | ||||||||
Asia Cement | 496,800 | 888,382 | ||||||
TOTAL TAIWAN | 1,733,908 |
40
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X MSCI SuperDividend® Emerging Markets ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
THAILAND— 3.9% | ||||||||
Communication Services — 1.5% | ||||||||
Total Access Communication NVDR | 537,739 | $ | 565,587 | |||||
Financials — 2.4% | ||||||||
Siam Commercial Bank NVDR | 269,427 | 908,545 | ||||||
TOTAL THAILAND | 1,474,132 | |||||||
UNITED ARAB EMIRATES— 5.1% | ||||||||
Financials — 2.0% | ||||||||
Dubai Islamic Bank PJSC | 625,512 | 757,804 | ||||||
Real Estate — 3.1% | ||||||||
Aldar Properties PJSC | 1,214,260 | 1,160,326 | ||||||
TOTAL UNITED ARAB EMIRATES | 1,918,130 | |||||||
TOTAL INVESTMENTS — 99.7% | ||||||||
(Cost $33,107,866) | $ | 37,356,434 |
Percentages are based on Net Assets of $37,469,468.
* | Non-income producing security. |
Cl — Class
GDR — Global Depositary Receipt
Ltd. — Limited
NVDR — Non-Voting Depositary Receipt
PJSC — Public Joint Stock Company
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 32,473,996 | $ | 4,882,438 | $ | — | $ | 37,356,434 | ||||||||
Total Investments in Securities | $ | 32,473,996 | $ | 4,882,438 | $ | — | $ | 37,356,434 |
For the period ended April 30, 2021, there have been no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
41
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperDividend® REIT ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments. Repurchase agreements purchased from cash collateral received for securities lending activity are included in total investments. Please see Note 2 and 7 in Notes to Financial Statements for more detailed information.
Shares | Value | |||||||
COMMON STOCK — 99.6% | ||||||||
AUSTRALIA— 9.7% | ||||||||
Real Estate — 9.7% | ||||||||
Charter Hall Long Wale ‡ * | 4,251,290 | $ | 16,058,342 | |||||
Dexus ‡ | 2,226,353 | 17,489,850 | ||||||
Waypoint ‡ | 7,866,436 | 15,130,332 | ||||||
TOTAL AUSTRALIA | 48,678,524 | |||||||
CANADA— 10.5% | ||||||||
Real Estate — 10.5% | ||||||||
H&R Real Estate Investment Trust ‡ | 1,461,185 | 18,089,618 | ||||||
NorthWest Healthcare Properties Real Estate Investment Trust ‡ (A) | 1,472,900 | 15,636,542 | ||||||
SmartCentres Real Estate Investment Trust ‡ (A) | 813,699 | 18,930,308 | ||||||
TOTAL CANADA | 52,656,468 | |||||||
MEXICO— 3.1% | ||||||||
Real Estate — 3.1% | ||||||||
Fibra Uno Administracion ‡ | 12,680,785 | 15,720,163 | ||||||
SINGAPORE— 6.2% | ||||||||
Real Estate — 6.2% | ||||||||
Ascendas Real Estate Investment Trust ‡ | 6,546,415 | 15,303,180 | ||||||
CapitaLand China Trust ‡ | 15,004,331 | 15,563,723 | ||||||
TOTAL SINGAPORE | 30,866,903 |
42
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperDividend® REIT ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
UNITED STATES— 70.1% | ||||||||
Financials — 33.3% | ||||||||
AGNC Investment ‡ | 933,932 | $ | 16,745,400 | |||||
Annaly Capital Management ‡ | 1,789,809 | 16,251,466 | ||||||
Arbor Realty Trust ‡ | 995,079 | 17,592,997 | ||||||
ARMOUR Residential ‡ | 1,297,345 | 16,125,998 | ||||||
Broadmark Realty Capital ‡ | 1,408,164 | 15,180,008 | ||||||
Chimera Investment ‡ | 1,407,696 | 18,497,125 | ||||||
Dynex Capital ‡ | 824,754 | 16,660,031 | ||||||
Orchid Island Capital, Cl A ‡ | 2,773,255 | 15,252,903 | ||||||
PennyMac Mortgage Investment Trust ‡ | 816,380 | 16,368,419 | ||||||
Two Harbors Investment ‡ | 2,375,581 | 18,529,532 | ||||||
167,203,879 | ||||||||
Real Estate — 36.8% | ||||||||
Gaming and Leisure Properties ‡ | 349,142 | 16,231,612 | ||||||
Global Net Lease ‡ | 868,424 | 16,673,741 | ||||||
Industrial Logistics Properties Trust ‡ | 674,116 | 16,718,077 | ||||||
Iron Mountain ‡ | 471,690 | 18,924,202 | ||||||
LTC Properties ‡ | 373,386 | 15,880,107 | ||||||
Medical Properties Trust ‡ | 694,967 | 15,324,022 | ||||||
MGM Growth Properties, Cl A ‡ | 461,968 | 16,640,087 | ||||||
National Health Investors ‡ | 222,573 | 16,339,084 | ||||||
Physicians Realty Trust ‡ | 834,478 | 15,629,773 | ||||||
VEREIT ‡ | 407,688 | 19,503,794 | ||||||
WP Carey ‡ | 224,364 | 16,802,620 | ||||||
184,667,119 | ||||||||
TOTAL UNITED STATES | 351,870,998 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $441,647,414) | 499,793,056 | |||||||
SHORT-TERM INVESTMENT(B)(C) — 1.4% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010% | ||||||||
(Cost $7,135,732) | 7,135,732 | 7,135,732 |
43
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperDividend® REIT ETF |
Face Amount | Value | |||||||
REPURCHASE AGREEMENT(B) — 1.9% | ||||||||
BNP Paribas | ||||||||
0.000%, dated 04/30/21, to be repurchased on 05/03/21, repurchase price $9,583,417 (collateralized by U.S. Treasury Obligations, ranging in par value $234,143 - $1,375,579, 1.500%, 02/15/2030, with a total market value of $9,777,735) (Cost $9,583,417) | $ | 9,583,417 | $ | 9,583,417 | ||||
TOTAL INVESTMENTS — 102.9% | �� | |||||||
(Cost $458,366,563) | $ | 516,512,205 |
Percentages are based on Net Assets of $501,837,307.
* | Non-income producing security. |
‡ | Real Estate Investment Trust |
(A) | This security or a partial position of this security is on loan at April 30, 2021. The total value of securities on loan at April 30, 2021 was $15,966,518. |
(B) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2021, was $16,719,149. |
(C) | The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2021. |
Cl — Class
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 499,793,056 | $ | — | $ | — | $ | 499,793,056 | ||||||||
Short-Term Investment | 7,135,732 | — | — | 7,135,732 | ||||||||||||
Repurchase Agreement | — | 9,583,417 | — | 9,583,417 | ||||||||||||
Total Investments in Securities | $ | 506,928,788 | $ | 9,583,417 | $ | — | $ | 516,512,205 |
For the period ended April 30, 2021, there have been no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
44
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X NASDAQ 100® Covered Call ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 101.1% (A) | ||||||||
ARGENTINA— 0.6% | ||||||||
Consumer Discretionary — 0.6% | ||||||||
MercadoLibre * | 10,033 | $ | 15,761,642 | |||||
CHINA— 2.1% | ||||||||
Communication Services — 0.7% | ||||||||
Baidu ADR * | 54,025 | 11,363,078 | ||||||
NetEase ADR | 58,678 | 6,575,457 | ||||||
17,938,535 | ||||||||
Consumer Discretionary — 1.0% | ||||||||
JD.com ADR * | 165,083 | 12,770,821 | ||||||
Pinduoduo ADR * | 68,261 | 9,142,196 | ||||||
Trip.com Group ADR * | 111,308 | 4,349,917 | ||||||
26,262,934 | ||||||||
Information Technology — 0.4% | ||||||||
NXP Semiconductors | 55,042 | 10,596,135 | ||||||
TOTAL CHINA | 54,797,604 | |||||||
ISRAEL— 0.1% | ||||||||
Information Technology — 0.1% | ||||||||
Check Point Software Technologies * | 26,669 | 3,115,206 | ||||||
NETHERLANDS— 0.4% | ||||||||
Information Technology — 0.4% | ||||||||
ASML Holding, Cl G | 15,055 | 9,757,146 |
45
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X NASDAQ 100® Covered Call ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
UNITED STATES— 97.9% | ||||||||
Communication Services — 19.3% | ||||||||
Activision Blizzard | 154,171 | $ | 14,058,853 | |||||
Alphabet, Cl A * | 39,853 | 93,794,036 | ||||||
Alphabet, Cl C * | �� | 43,908 | 105,823,548 | |||||
Charter Communications, Cl A * | 39,467 | 26,579,051 | ||||||
Comcast, Cl A | 931,823 | 52,321,862 | ||||||
Electronic Arts | 56,755 | 8,063,750 | ||||||
Facebook, Cl A * | 321,502 | 104,513,870 | ||||||
Fox, Cl A | 68,110 | 2,548,676 | ||||||
Fox, Cl B | 54,435 | 1,980,345 | ||||||
Match Group * | 53,341 | 8,301,460 | ||||||
Netflix * | 90,482 | 46,459,793 | ||||||
Sirius XM Holdings | 810,685 | 4,945,179 | ||||||
T-Mobile US * | 254,341 | 33,606,076 | ||||||
502,996,499 | ||||||||
Consumer Discretionary — 17.2% | ||||||||
Amazon.com * | 67,277 | 233,277,615 | ||||||
Booking Holdings * | 8,417 | 20,756,995 | ||||||
Dollar Tree * | 45,989 | 5,284,136 | ||||||
eBay | 134,544 | 7,506,210 | ||||||
Lululemon Athletica * | 25,880 | 8,676,788 | ||||||
Marriott International, Cl A * | 64,489 | 9,577,906 | ||||||
O’Reilly Automotive * | 13,626 | 7,533,543 | ||||||
Peloton Interactive, Cl A * | 52,179 | 5,131,805 | ||||||
Ross Stores | 70,268 | 9,200,892 | ||||||
Starbucks | 241,473 | 27,646,244 | ||||||
Tesla * | 158,802 | 112,660,491 | ||||||
447,252,625 | ||||||||
Consumer Staples — 5.0% | ||||||||
Costco Wholesale | 90,767 | 33,773,493 | ||||||
Keurig Dr Pepper | 278,723 | 9,992,220 | ||||||
Kraft Heinz | 241,764 | 9,982,436 |
46
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X NASDAQ 100® Covered Call ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Staples — continued | ||||||||
Mondelez International, Cl A | 280,900 | $ | 17,081,529 | |||||
Monster Beverage * | 104,293 | 10,121,636 | ||||||
PepsiCo | 281,594 | 40,594,590 | ||||||
Walgreens Boots Alliance | 170,772 | 9,067,993 | ||||||
130,613,897 | ||||||||
Health Care — 6.4% | ||||||||
Alexion Pharmaceuticals * | 45,765 | 7,719,640 | ||||||
Align Technology * | 15,302 | 9,112,800 | ||||||
Amgen | 118,172 | 28,318,739 | ||||||
Biogen Idec * | 30,386 | 8,123,089 | ||||||
Cerner | 65,225 | 4,895,136 | ||||||
DexCom * | 19,260 | 7,436,286 | ||||||
Gilead Sciences | 249,925 | 15,862,740 | ||||||
IDEXX Laboratories * | 16,432 | 9,021,004 | ||||||
Illumina * | 29,341 | 11,526,318 | ||||||
Incyte * | 42,758 | 3,650,678 | ||||||
Intuitive Surgical * | 23,379 | 20,222,835 | ||||||
Moderna * | 79,338 | 14,187,221 | ||||||
Regeneron Pharmaceuticals * | 20,996 | 10,105,375 | ||||||
Seagen * | 37,294 | 5,361,385 | ||||||
Vertex Pharmaceuticals * | 51,955 | 11,336,581 | ||||||
166,879,827 | ||||||||
Industrials — 1.8% | ||||||||
Cintas | 22,146 | 7,643,470 | ||||||
Copart * | 50,123 | 6,240,815 | ||||||
CSX | 151,226 | 15,236,020 | ||||||
Fastenal | 112,637 | 5,888,662 | ||||||
PACCAR | 68,176 | 6,127,659 | ||||||
Verisk Analytics, Cl A | 32,106 | 6,042,349 | ||||||
47,178,975 | ||||||||
Information Technology — 47.2% | ||||||||
Adobe * | 97,318 | 49,470,631 | ||||||
Advanced Micro Devices * | 241,053 | 19,674,746 |
47
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X NASDAQ 100® Covered Call ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — continued | ||||||||
Analog Devices | 72,741 | $ | 11,141,012 | |||||
ANSYS * | 17,504 | 6,400,513 | ||||||
Apple | 2,237,218 | 294,104,678 | ||||||
Applied Materials | 188,242 | 24,981,596 | ||||||
Atlassian, Cl A * | 27,506 | 6,534,325 | ||||||
Autodesk * | 43,791 | 12,783,031 | ||||||
Automatic Data Processing | 84,656 | 15,829,825 | ||||||
Broadcom | 83,264 | 37,985,036 | ||||||
Cadence Design Systems * | 58,354 | 7,689,307 | ||||||
CDW | 27,154 | 4,842,373 | ||||||
Cisco Systems | 861,349 | 43,851,278 | ||||||
Cognizant Technology Solutions, Cl A | 104,543 | 8,405,257 | ||||||
DocuSign, Cl A * | 36,618 | 8,163,617 | ||||||
Fiserv * | 133,422 | 16,026,651 | ||||||
Intel | 827,933 | 47,630,984 | ||||||
Intuit | 54,763 | 22,571,118 | ||||||
KLA | 30,793 | 9,710,573 | ||||||
Lam Research | 29,796 | 18,486,928 | ||||||
Marvell Technology | 140,408 | 6,347,846 | ||||||
Maxim Integrated Products * | 52,740 | 4,957,560 | ||||||
Microchip Technology | 53,464 | 8,035,105 | ||||||
Micron Technology * | 222,950 | 19,189,307 | ||||||
Microsoft | 1,005,454 | 253,555,389 | ||||||
NVIDIA | 126,204 | 75,770,357 | ||||||
Okta, Cl A * | 24,765 | 6,679,121 | ||||||
Paychex | 74,885 | 7,300,539 | ||||||
PayPal Holdings * | 238,788 | 62,631,704 | ||||||
QUALCOMM | 232,520 | 32,273,776 | ||||||
Skyworks Solutions | 32,516 | 5,896,126 | ||||||
Splunk * | 34,656 | 4,381,212 | ||||||
Synopsys * | 32,145 | 7,941,744 | ||||||
Texas Instruments | 188,007 | 33,937,144 | ||||||
VeriSign * | 22,104 | 4,835,692 |
48
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X NASDAQ 100® Covered Call ETF |
Shares/Number of Contracts | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — continued | ||||||||
Workday, Cl A * | 35,459 | $ | 8,758,373 | |||||
Xilinx * | 51,229 | 6,555,263 | ||||||
Zoom Video Communications, Cl A * | 46,472 | 14,851,057 | ||||||
1,230,180,794 | ||||||||
Utilities — 1.0% | ||||||||
American Electric Power | 98,410 | 8,729,951 | ||||||
Exelon | 192,908 | 8,669,286 | ||||||
Xcel Energy | 105,623 | 7,530,920 | ||||||
24,930,157 | ||||||||
TOTAL UNITED STATES | 2,550,032,774 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $1,835,240,348) | 2,633,464,372 | |||||||
TOTAL INVESTMENTS — 101.1% | ||||||||
(Cost $1,835,240,348) | $ | 2,633,464,372 | ||||||
WRITTEN OPTION— (1.2)%(1) | ||||||||
UNITED STATES— (1.2)% | ||||||||
(Premiums Received $57,311,871) | (1,899 | ) | $ | (30,963,195 | ) |
Percentages are based on Net Assets of $2,605,525,729.
A list of the exchange traded option contracts held by the Fund at April 30, 2021, is as follows:
Description | Number of Contracts | Cost+ | Exercise Price | Expiration Date | Value | ||||||||||||
WRITTEN OPTION — (1.2)% | |||||||||||||||||
Call Options | |||||||||||||||||
NDX* | (1,899 | ) | $ | (57,311,871 | ) | $ | 14,025.00 | 05/22/21 | $ | (30,963,195 | ) |
49
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X NASDAQ 100® Covered Call ETF |
* | Non-income producing security. |
+ | Notional amount for all options totals $(2,632,158,324). |
(1) | Refer to table below for details on Options Contracts. |
(A) | All or a portion of these securities has been segregated as collateral for writtenoptions contracts. The aggregate market value of collateral at April 30, 2021 was$2,633,464,372. |
ADR — American Depositary Receipt
Cl — Class
NDX —Nasdaq 100 Index
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 2,633,464,372 | $ | — | $ | — | $ | 2,633,464,372 | ||||||||
Total Investments in Securities | $ | 2,633,464,372 | $ | — | $ | — | $ | 2,633,464,372 |
Liabilities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Written Option | $ | (30,963,195 | ) | $ | — | $ | — | $ | (30,963,195 | ) | ||||||
Total Liabilities | $ | (30,963,195 | ) | $ | — | $ | — | $ | (30,963,195 | ) |
For the period ended April 30, 2021, there have been no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
50
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 101.1% (A) | ||||||||
CHINA— 0.2% | ||||||||
Information Technology — 0.2% | ||||||||
NXP Semiconductors | 1,788 | $ | 344,208 | |||||
UNITED KINGDOM— 0.4% | ||||||||
Materials — 0.4% | ||||||||
Linde | 3,181 | 909,257 | ||||||
UNITED STATES— 100.5% | ||||||||
Communication Services — 11.2% | ||||||||
Activision Blizzard | 4,594 | 418,927 | ||||||
Alphabet, Cl A * | 1,869 | 4,398,691 | ||||||
Alphabet, Cl C * | 1,795 | 4,326,165 | ||||||
AT&T | 43,812 | 1,376,135 | ||||||
Charter Communications, Cl A * | 847 | 570,412 | ||||||
Comcast, Cl A | 28,170 | 1,581,746 | ||||||
Discovery, Cl A * | 1,284 | 48,355 | ||||||
Discovery, Cl C * | 1,744 | 56,349 | ||||||
DISH Network, Cl A * | 2,007 | 89,894 |
51
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Communication Services — continued | ||||||||
Electronic Arts | 1,619 | $ | 230,027 | |||||
Facebook, Cl A * | 14,983 | 4,870,674 | ||||||
Fox, Cl A | 2,225 | 83,260 | ||||||
Fox, Cl B | 1,269 | 46,166 | ||||||
Interpublic Group | 1,967 | 62,452 | ||||||
Live Nation Entertainment * | 958 | 78,441 | ||||||
Lumen Technologies | 6,425 | 82,432 | ||||||
Netflix * | 2,725 | 1,399,206 | ||||||
News, Cl A | 3,179 | 83,274 | ||||||
News, Cl B | 1,037 | 25,209 | ||||||
Omnicom Group | 1,414 | 116,316 | ||||||
Take-Two Interactive Software * | 795 | 139,427 | ||||||
T-Mobile US * | 3,820 | 504,737 | ||||||
Twitter * | 4,630 | 255,669 | ||||||
Verizon Communications | 25,482 | 1,472,605 | ||||||
ViacomCBS, Cl B | 4,009 | 164,449 | ||||||
Walt Disney * | 11,234 | 2,089,749 | ||||||
24,570,767 | ||||||||
Consumer Discretionary — 12.7% | ||||||||
Advance Auto Parts | 449 | 89,872 | ||||||
Amazon.com * | 2,677 | 9,282,283 | ||||||
Aptiv * | 1,653 | 237,850 | ||||||
AutoZone * | 134 | 196,192 | ||||||
Best Buy | 1,471 | 171,033 | ||||||
Booking Holdings * | 257 | 633,782 | ||||||
BorgWarner | 1,391 | 67,575 | ||||||
Caesars Entertainment * | 1,267 | 123,963 | ||||||
CarMax * | 1,079 | 143,766 | ||||||
Carnival * | 4,946 | 138,290 | ||||||
Chipotle Mexican Grill, Cl A * | 160 | 238,725 | ||||||
Darden Restaurants | 847 | 124,272 | ||||||
Dollar General | 1,603 | 344,244 | ||||||
Dollar Tree * | 1,247 | 143,280 |
52
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Discretionary — continued | ||||||||
Domino’s Pizza | 189 | $ | 79,822 | |||||
DR Horton | 1,943 | 190,977 | ||||||
eBay | 3,652 | 203,745 | ||||||
Etsy * | 802 | 159,430 | ||||||
Expedia Group * | 886 | 156,140 | ||||||
Ford Motor * | 24,762 | 285,753 | ||||||
Gap * | 1,762 | 58,322 | ||||||
Garmin | 1,048 | 143,827 | ||||||
General Motors * | 7,491 | 428,635 | ||||||
Genuine Parts | 1,012 | 126,470 | ||||||
Hanesbrands | 2,944 | 62,001 | ||||||
Hasbro | 968 | 96,267 | ||||||
Hilton Worldwide Holdings * | 1,894 | 243,758 | ||||||
Home Depot | 6,670 | 2,158,879 | ||||||
L Brands * | 1,412 | 93,051 | ||||||
Las Vegas Sands * | 2,391 | 146,473 | ||||||
Leggett & Platt | 1,106 | 54,935 | ||||||
Lennar, Cl A | 1,876 | 194,354 | ||||||
LKQ * | 1,857 | 86,740 | ||||||
Lowe’s | 4,454 | 874,098 | ||||||
Marriott International, Cl A * | 1,500 | 222,780 | ||||||
McDonald’s | 4,553 | 1,074,872 | ||||||
MGM Resorts International | 2,936 | 119,554 | ||||||
Mohawk Industries * | 356 | 73,158 | ||||||
Newell Brands | 3,131 | 84,412 | ||||||
NIKE, Cl B | 7,760 | 1,029,131 | ||||||
Norwegian Cruise Line Holdings * | 1,873 | 58,157 | ||||||
NVR * | 16 | 80,290 | ||||||
O’Reilly Automotive * | 392 | 216,729 | ||||||
Penn National Gaming * | 891 | 79,406 | ||||||
Pool | 311 | 131,404 | ||||||
PulteGroup | 1,683 | 99,499 | ||||||
PVH * | 368 | 41,650 |
53
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Discretionary — continued | ||||||||
Ralph Lauren, Cl A * | 460 | $ | 61,313 | |||||
Ross Stores | 2,033 | 266,201 | ||||||
Royal Caribbean Cruises * | 1,342 | 116,687 | ||||||
Starbucks | 7,151 | 818,718 | ||||||
Tapestry * | 1,650 | 78,952 | ||||||
Target | 3,017 | 625,304 | ||||||
Tesla * | 4,786 | 3,395,380 | ||||||
TJX | 7,138 | 506,798 | ||||||
Tractor Supply | 849 | 160,121 | ||||||
Ulta Beauty * | 411 | 135,363 | ||||||
Under Armour, Cl A * | 1,568 | 38,118 | ||||||
Under Armour, Cl C * | 1,605 | 31,956 | ||||||
VF | 1,989 | 174,356 | ||||||
Whirlpool | 286 | 67,625 | ||||||
Wynn Resorts * | 701 | 90,008 | ||||||
Yum! Brands | 1,884 | 225,176 | ||||||
27,881,922 | ||||||||
Consumer Staples — 6.0% | ||||||||
Altria Group | 11,133 | 531,601 | ||||||
Archer-Daniels-Midland | 3,828 | 241,661 | ||||||
Brown-Forman, Cl B | 1,211 | 92,375 | ||||||
Campbell Soup | 1,289 | 61,550 | ||||||
Church & Dwight | 1,594 | 136,670 | ||||||
Clorox | 820 | 149,650 | ||||||
Coca-Cola | 23,805 | 1,284,994 | ||||||
Colgate-Palmolive | 5,003 | 403,742 | ||||||
Conagra Brands | 3,059 | 113,458 | ||||||
Constellation Brands, Cl A | 1,050 | 252,336 | ||||||
Costco Wholesale | 2,701 | 1,005,015 | ||||||
Estee Lauder, Cl A | 1,470 | 461,286 | ||||||
General Mills | 3,881 | 236,198 | ||||||
Hershey | 1,007 | 165,450 | ||||||
Hormel Foods | 1,989 | 91,892 |
54
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Staples — continued | ||||||||
J M Smucker | 814 | $ | 106,626 | |||||
Kellogg | 1,794 | 111,981 | ||||||
Kimberly-Clark | 2,089 | 278,505 | ||||||
Kraft Heinz | 4,544 | 187,622 | ||||||
Kroger | 4,712 | 172,176 | ||||||
Lamb Weston Holdings | 1,002 | 80,661 | ||||||
McCormick | 1,797 | 162,377 | ||||||
Molson Coors Beverage, Cl B * | 1,563 | 85,887 | ||||||
Mondelez International, Cl A | 8,395 | 510,500 | ||||||
Monster Beverage * | 2,466 | 239,325 | ||||||
PepsiCo | 8,463 | 1,220,026 | ||||||
Philip Morris International | 9,466 | 899,270 | ||||||
Procter & Gamble | 15,242 | 2,033,588 | ||||||
Sysco | 3,227 | 273,424 | ||||||
Tyson Foods, Cl A | 1,517 | 117,492 | ||||||
Walgreens Boots Alliance | 4,012 | 213,037 | ||||||
Walmart | 8,499 | 1,189,095 | ||||||
13,109,470 | ||||||||
Energy — 2.8% | ||||||||
APA | 2,059 | 41,180 | ||||||
Baker Hughes, Cl A | 4,868 | 97,750 | ||||||
Cabot Oil & Gas | 2,279 | 37,991 | ||||||
Chevron | 11,804 | 1,216,638 | ||||||
ConocoPhillips | 8,943 | 457,342 | ||||||
Devon Energy | 3,165 | 73,998 | ||||||
Diamondback Energy | 1,293 | 105,677 | ||||||
EOG Resources | 3,719 | 273,867 | ||||||
Exxon Mobil | 26,059 | 1,491,617 | ||||||
Halliburton | 6,491 | 126,964 | ||||||
Hess | 2,062 | 153,640 | ||||||
HollyFrontier | 1,221 | 42,735 | ||||||
Kinder Morgan | 12,412 | 211,625 | ||||||
Marathon Oil | 6,777 | 76,309 |
55
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Energy — continued | ||||||||
Marathon Petroleum | 4,473 | $ | 248,922 | |||||
NOV * | 3,174 | 47,451 | ||||||
Occidental Petroleum | 5,207 | 132,049 | ||||||
ONEOK | 3,115 | 163,039 | ||||||
Phillips 66 | 2,713 | 219,509 | ||||||
Pioneer Natural Resources | 1,221 | 187,826 | ||||||
Schlumberger | 9,619 | 260,194 | ||||||
Valero Energy | 2,410 | 178,244 | ||||||
Williams | 7,505 | 182,822 | ||||||
6,027,389 | ||||||||
Financials — 11.6% | ||||||||
Aflac | 4,046 | 217,392 | ||||||
Allstate | 1,959 | 248,401 | ||||||
American Express | 3,916 | 600,519 | ||||||
American International Group | 5,448 | 263,956 | ||||||
Ameriprise Financial | 835 | 215,764 | ||||||
Aon, Cl A | 1,473 | 370,371 | ||||||
Arthur J Gallagher | 1,370 | 198,581 | ||||||
Assurant | 347 | 53,993 | ||||||
Bank of America | 46,921 | 1,901,708 | ||||||
Bank of New York Mellon | 4,490 | 223,961 | ||||||
Berkshire Hathaway, Cl B * | 11,844 | 3,256,508 | ||||||
BlackRock, Cl A | 858 | 702,959 | ||||||
Capital One Financial | 2,679 | 399,385 | ||||||
Cboe Global Markets | 784 | 81,826 | ||||||
Charles Schwab | 8,960 | 630,784 | ||||||
Chubb | 2,656 | 455,743 | ||||||
Cincinnati Financial | 1,066 | 120,117 | ||||||
Citigroup | 12,725 | 906,529 | ||||||
Citizens Financial Group | 2,685 | 124,262 | ||||||
CME Group, Cl A | 2,349 | 474,475 | ||||||
Comerica | 806 | 60,579 | ||||||
Discover Financial Services | 2,050 | 233,700 |
56
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — continued | ||||||||
Everest Re Group | 288 | $ | 79,762 | |||||
Fifth Third Bancorp | 4,788 | 194,106 | ||||||
First Republic Bank | 947 | 173,528 | ||||||
Franklin Resources�� | 2,268 | 68,040 | ||||||
Globe Life | 588 | 60,264 | ||||||
Goldman Sachs Group | 2,086 | 726,867 | ||||||
Hartford Financial Services Group | 2,209 | 145,706 | ||||||
Huntington Bancshares | 6,079 | 93,130 | ||||||
Intercontinental Exchange | 3,513 | 413,515 | ||||||
Invesco | 1,528 | 41,256 | ||||||
JPMorgan Chase | 18,949 | 2,914,546 | ||||||
KeyCorp | 7,165 | 155,910 | ||||||
Lincoln National | 1,087 | 69,709 | ||||||
Loews | 1,824 | 101,688 | ||||||
M&T Bank | 855 | 134,825 | ||||||
MarketAxess Holdings | 201 | 98,181 | ||||||
Marsh & McLennan | 3,155 | 428,134 | ||||||
MetLife | 4,289 | 272,909 | ||||||
Moody’s | 922 | 301,227 | ||||||
Morgan Stanley | 9,080 | 749,554 | ||||||
MSCI, Cl A | 547 | 265,716 | ||||||
Nasdaq | 839 | 135,532 | ||||||
Northern Trust | 1,417 | 161,255 | ||||||
People’s United Financial | 3,142 | 56,964 | ||||||
PNC Financial Services Group | 2,777 | 519,160 | ||||||
Principal Financial Group | 1,511 | 96,508 | ||||||
Progressive | 3,642 | 366,895 | ||||||
Prudential Financial | 2,490 | 249,896 | ||||||
Raymond James Financial | 807 | 105,539 | ||||||
Regions Financial | 6,731 | 146,736 | ||||||
S&P Global | 1,552 | 605,885 | ||||||
State Street | 2,418 | 202,991 | ||||||
SVB Financial Group * | 364 | 208,146 |
57
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — continued | ||||||||
Synchrony Financial | 3,584 | $ | 156,764 | |||||
T Rowe Price Group | 1,546 | 277,043 | ||||||
Travelers | 1,702 | 263,231 | ||||||
Truist Financial | 8,526 | 505,677 | ||||||
Unum Group | 1,796 | 50,755 | ||||||
US Bancorp | 8,972 | 532,488 | ||||||
W R Berkley | 824 | 65,689 | ||||||
Wells Fargo | 25,313 | 1,140,351 | ||||||
Willis Towers Watson | 764 | 197,769 | ||||||
Zions Bancorp | 1,377 | 76,837 | ||||||
25,352,197 | ||||||||
Health Care — 12.8% | ||||||||
Abbott Laboratories | 10,880 | 1,306,470 | ||||||
AbbVie | 10,815 | 1,205,873 | ||||||
ABIOMED * | 316 | 101,351 | ||||||
Agilent Technologies | 1,921 | 256,722 | ||||||
Alexion Pharmaceuticals * | 1,378 | 232,441 | ||||||
Align Technology * | 459 | 273,348 | ||||||
AmerisourceBergen, Cl A | 998 | 120,559 | ||||||
Amgen | 3,519 | 843,293 | ||||||
Anthem | 1,456 | 552,392 | ||||||
Baxter International | 2,866 | 245,588 | ||||||
Becton Dickinson | 1,721 | 428,202 | ||||||
Biogen Idec * | 965 | 257,974 | ||||||
Bio-Rad Laboratories, Cl A * | 130 | 81,917 | ||||||
Boston Scientific * | 9,429 | 411,104 | ||||||
Bristol-Myers Squibb | 13,644 | 851,659 | ||||||
Cardinal Health | 2,081 | 125,568 | ||||||
Catalent * | 1,043 | 117,306 | ||||||
Centene * | 3,977 | 245,540 | ||||||
Cerner | 2,070 | 155,353 | ||||||
Cigna | 2,105 | 524,166 | ||||||
Cooper | 340 | 139,703 |
58
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — continued | ||||||||
CVS Health | 7,873 | $ | 601,497 | |||||
Danaher | 3,871 | 983,002 | ||||||
DaVita * | 580 | 67,587 | ||||||
DENTSPLY SIRONA | 1,512 | 102,075 | ||||||
DexCom * | 582 | 224,710 | ||||||
Edwards Lifesciences * | 3,869 | 369,567 | ||||||
Eli Lilly | 4,848 | 886,069 | ||||||
Gilead Sciences | 7,477 | 474,565 | ||||||
HCA Healthcare | 1,538 | 309,230 | ||||||
Henry Schein * | 1,125 | 81,563 | ||||||
Hologic * | 1,862 | 122,054 | ||||||
Humana | 826 | 367,768 | ||||||
IDEXX Laboratories * | 557 | 305,788 | ||||||
Illumina * | 921 | 361,806 | ||||||
Incyte * | 1,330 | 113,555 | ||||||
Intuitive Surgical * | 715 | 618,475 | ||||||
IQVIA Holdings * | 1,087 | 255,108 | ||||||
Johnson & Johnson | 16,305 | 2,653,313 | ||||||
Laboratory Corp of America Holdings * | 668 | 177,601 | ||||||
McKesson | 1,015 | 190,373 | ||||||
Medtronic | 8,226 | 1,076,948 | ||||||
Merck | 15,522 | 1,156,389 | ||||||
Mettler-Toledo International * | 131 | 172,045 | ||||||
PerkinElmer | 760 | 98,519 | ||||||
Perrigo | 1,095 | 45,585 | ||||||
Pfizer | 34,253 | 1,323,878 | ||||||
Quest Diagnostics | 967 | 127,528 | ||||||
Regeneron Pharmaceuticals * | 597 | 287,336 | ||||||
ResMed | 846 | 159,023 | ||||||
STERIS | 549 | 115,850 | ||||||
Stryker | 1,937 | 508,714 | ||||||
Teleflex | 331 | 139,841 | ||||||
Thermo Fisher Scientific | 2,404 | 1,130,433 |
59
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — continued | ||||||||
UnitedHealth Group | 5,856 | $ | 2,335,373 | |||||
Universal Health Services, Cl B | 613 | 90,975 | ||||||
Vertex Pharmaceuticals * | 1,721 | 375,522 | ||||||
Viatris, Cl W * | 8,884 | 118,157 | ||||||
Waters * | 460 | 137,940 | ||||||
West Pharmaceutical Services | 495 | 162,617 | ||||||
Zimmer Biomet Holdings | 1,432 | 253,693 | ||||||
Zoetis, Cl A | 2,809 | 486,041 | ||||||
28,044,642 | ||||||||
Industrials — 8.9% | ||||||||
3M | 3,498 | 689,596 | ||||||
Alaska Air Group * | 703 | 48,605 | ||||||
Allegion | 582 | 78,209 | ||||||
American Airlines Group * | 3,877 | 84,209 | ||||||
AMETEK | 1,558 | 210,221 | ||||||
AO Smith | 843 | 57,113 | ||||||
Boeing * | 3,344 | 783,533 | ||||||
Carrier Global | 5,540 | 241,433 | ||||||
Caterpillar | 3,293 | 751,166 | ||||||
CH Robinson Worldwide | 959 | 93,100 | ||||||
Cintas | 573 | 197,765 | ||||||
Copart * | 1,333 | 165,972 | ||||||
CSX | 5,002 | 503,951 | ||||||
Cummins | 1,012 | 255,065 | ||||||
Deere | 1,888 | 700,165 | ||||||
Delta Air Lines * | 3,449 | 161,827 | ||||||
Dover | 956 | 142,626 | ||||||
Eaton | 2,465 | 352,322 | ||||||
Emerson Electric | 3,471 | 314,091 | ||||||
Equifax | 887 | 203,327 | ||||||
Expeditors International of Washington | 1,084 | 119,088 | ||||||
Fastenal | 3,562 | 186,221 | ||||||
FedEx | 1,592 | 462,173 |
60
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — continued | ||||||||
Fortive | 2,071 | $ | 146,668 | |||||
Fortune Brands Home & Security | 893 | 93,747 | ||||||
Generac Holdings * | 392 | 126,988 | ||||||
General Dynamics | 1,308 | 248,821 | ||||||
General Electric | 52,983 | 695,137 | ||||||
Honeywell International | 4,256 | 949,258 | ||||||
Howmet Aerospace * | 2,799 | 89,456 | ||||||
Huntington Ingalls Industries | 350 | 74,312 | ||||||
IDEX | 496 | 111,203 | ||||||
IHS Markit | 2,395 | 257,654 | ||||||
Illinois Tool Works | 1,892 | 436,030 | ||||||
Ingersoll Rand * | 2,743 | 135,532 | ||||||
Jacobs Engineering Group | 864 | 115,439 | ||||||
JB Hunt Transport Services | 533 | 90,988 | ||||||
Johnson Controls International | 4,375 | 272,738 | ||||||
Kansas City Southern | 612 | 178,833 | ||||||
L3Harris Technologies | 1,368 | 286,227 | ||||||
Lockheed Martin | 1,572 | 598,240 | ||||||
Masco | 1,772 | 113,196 | ||||||
Nielsen Holdings | 2,876 | 73,769 | ||||||
Norfolk Southern | 1,654 | 461,863 | ||||||
Northrop Grumman | 935 | 331,401 | ||||||
Old Dominion Freight Line | 618 | 159,327 | ||||||
Otis Worldwide | 2,813 | 219,048 | ||||||
PACCAR | 2,231 | 200,522 | ||||||
Parker-Hannifin | 876 | 274,898 | ||||||
Pentair | 1,323 | 85,347 | ||||||
Quanta Services | 845 | 81,661 | ||||||
Raytheon Technologies | 9,189 | 764,892 | ||||||
Republic Services, Cl A | 1,514 | 160,938 | ||||||
Robert Half International | 711 | 62,291 | ||||||
Rockwell Automation | 745 | 196,874 | ||||||
Rollins | 1,724 | 64,271 |
61
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — continued | ||||||||
Roper Technologies | 585 | $ | 261,167 | |||||
Snap-On | 357 | 84,823 | ||||||
Southwest Airlines * | 3,281 | 205,981 | ||||||
Stanley Black & Decker | 1,059 | 218,969 | ||||||
Teledyne Technologies * | 284 | 127,161 | ||||||
Textron | 1,416 | 90,964 | ||||||
Trane Technologies | 1,609 | 279,693 | ||||||
TransDigm Group * | 307 | 188,418 | ||||||
Union Pacific | 4,075 | 905,017 | ||||||
United Airlines Holdings * | 1,867 | 101,565 | ||||||
United Parcel Service, Cl B | 4,366 | 890,053 | ||||||
United Rentals * | 469 | 150,057 | ||||||
Verisk Analytics, Cl A | 1,074 | 202,127 | ||||||
Waste Management | 2,238 | 308,777 | ||||||
Westinghouse Air Brake Technologies | 1,342 | 110,138 | ||||||
WW Grainger | 332 | 143,935 | ||||||
Xylem | 1,279 | 141,521 | ||||||
19,369,713 | ||||||||
Information Technology — 26.8% | ||||||||
Accenture, Cl A | 3,890 | 1,127,983 | ||||||
Adobe * | 2,964 | 1,506,720 | ||||||
Advanced Micro Devices * | 7,284 | 594,520 | ||||||
Akamai Technologies * | 1,083 | 117,722 | ||||||
Amphenol, Cl A | 3,370 | 226,936 | ||||||
Analog Devices | 2,433 | 372,638 | ||||||
ANSYS * | 573 | 209,523 | ||||||
Apple | 98,645 | 12,967,872 | ||||||
Applied Materials | 5,565 | 738,531 | ||||||
Arista Networks * | 373 | 117,558 | ||||||
Autodesk * | 1,448 | 422,686 | ||||||
Automatic Data Processing | 2,549 | 476,638 | ||||||
Broadcom | 2,513 | 1,146,431 | ||||||
Broadridge Financial Solutions | 795 | 126,111 |
62
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — continued | ||||||||
Cadence Design Systems * | 1,775 | $ | 233,892 | |||||
CDW | 961 | 171,375 | ||||||
Cisco Systems | 25,957 | 1,321,471 | ||||||
Citrix Systems | 869 | 107,626 | ||||||
Cognizant Technology Solutions, Cl A | 3,516 | 282,686 | ||||||
Corning | 5,097 | 225,338 | ||||||
DXC Technology * | 2,078 | 68,387 | ||||||
Enphase Energy * | 861 | 119,894 | ||||||
F5 Networks * | 482 | 90,018 | ||||||
Fidelity National Information Services | 4,031 | 616,340 | ||||||
Fiserv * | 3,679 | 441,921 | ||||||
FleetCor Technologies * | 494 | 142,134 | ||||||
FLIR Systems | 1,115 | 66,867 | ||||||
Fortinet * | 776 | 158,482 | ||||||
Gartner * | 604 | 118,312 | ||||||
Global Payments | 1,958 | 420,246 | ||||||
Hewlett Packard Enterprise | 8,596 | 137,708 | ||||||
HP | 7,947 | 271,072 | ||||||
Intel | 25,056 | 1,441,472 | ||||||
International Business Machines | 5,397 | 765,726 | ||||||
Intuit | 1,771 | 729,935 | ||||||
IPG Photonics * | 235 | 51,021 | ||||||
Jack Henry & Associates | 507 | 82,555 | ||||||
Juniper Networks | 2,687 | 68,223 | ||||||
Keysight Technologies * | 1,100 | 158,785 | ||||||
KLA | 939 | 296,114 | ||||||
Lam Research | 856 | 531,105 | ||||||
Leidos Holdings | 903 | 91,456 | ||||||
Mastercard, Cl A | 5,424 | 2,072,293 | ||||||
Maxim Integrated Products * | 1,816 | 170,704 | ||||||
Microchip Technology | 1,838 | 276,233 | ||||||
Micron Technology * | 6,712 | 577,702 | ||||||
Microsoft | 47,133 | 11,886,000 |
63
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — continued | ||||||||
Monolithic Power Systems | 311 | $ | 112,389 | |||||
Motorola Solutions | 1,029 | 193,761 | ||||||
NetApp | 1,589 | 118,682 | ||||||
NortonLifeLock | 4,234 | 91,497 | ||||||
NVIDIA | 3,830 | 2,299,455 | ||||||
Oracle | 11,278 | 854,760 | ||||||
Paychex | 1,882 | 183,476 | ||||||
Paycom Software * | 352 | 135,312 | ||||||
PayPal Holdings * | 7,239 | 1,898,717 | ||||||
PTC * | 470 | 61,542 | ||||||
Qorvo * | 586 | 110,268 | ||||||
QUALCOMM | 6,939 | 963,133 | ||||||
salesforce.com * | 5,647 | 1,300,617 | ||||||
Seagate Technology | 950 | 88,198 | ||||||
ServiceNow * | 1,189 | 602,074 | ||||||
Skyworks Solutions | 961 | 174,258 | ||||||
Synopsys * | 960 | 237,177 | ||||||
TE Connectivity | 1,889 | 254,014 | ||||||
Teradyne | 1,053 | 131,709 | ||||||
Texas Instruments | 5,639 | 1,017,896 | ||||||
Trimble * | 1,688 | 138,416 | ||||||
Tyler Technologies * | 297 | 126,183 | ||||||
VeriSign * | 702 | 153,577 | ||||||
Visa, Cl A | 10,503 | 2,453,081 | ||||||
Western Digital * | 2,132 | 150,583 | ||||||
Western Union | 3,025 | 77,924 | ||||||
Xilinx * | 1,655 | 211,774 | ||||||
Zebra Technologies, Cl A * | 291 | 141,932 | ||||||
58,627,367 | ||||||||
Materials — 2.4% | ||||||||
Air Products & Chemicals | 1,451 | 418,584 | ||||||
Albemarle | 719 | 120,914 | ||||||
Amcor | 10,621 | 124,797 |
64
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Materials — continued | ||||||||
Avery Dennison | 570 | $ | 122,077 | |||||
Ball | 2,106 | 197,206 | ||||||
Celanese, Cl A | 788 | 123,440 | ||||||
CF Industries Holdings | 1,316 | 63,997 | ||||||
Corteva | 4,852 | 236,584 | ||||||
Dow | 5,013 | 313,313 | ||||||
DuPont de Nemours | 3,616 | 278,830 | ||||||
Eastman Chemical | 890 | 102,697 | ||||||
Ecolab | 1,645 | 368,677 | ||||||
FMC | 898 | 106,180 | ||||||
Freeport-McMoRan Copper & Gold | 8,457 | 318,913 | ||||||
International Flavors & Fragrances | 1,683 | 239,272 | ||||||
International Paper | 2,788 | 161,704 | ||||||
LyondellBasell Industries, Cl A | 1,598 | 165,777 | ||||||
Martin Marietta Materials | 454 | 160,317 | ||||||
Mosaic | 1,576 | 55,444 | ||||||
Newmont | 4,937 | 308,118 | ||||||
Nucor | 1,995 | 164,109 | ||||||
Packaging Corp of America | 590 | 87,113 | ||||||
PPG Industries | 1,608 | 275,354 | ||||||
Sealed Air | 1,174 | 57,996 | ||||||
Sherwin-Williams | 1,543 | 422,581 | ||||||
Vulcan Materials | 959 | 170,932 | ||||||
Westrock | 1,646 | 91,764 | ||||||
5,256,690 | ||||||||
Real Estate — 2.6% | ||||||||
Alexandria Real Estate Equities ‡ | 800 | 144,880 | ||||||
American Tower, Cl A ‡ | 2,677 | 682,019 | ||||||
AvalonBay Communities ‡ | 960 | 184,320 | ||||||
Boston Properties ‡ | 903 | 98,743 | ||||||
CBRE Group, Cl A * | 2,273 | 193,660 | ||||||
Crown Castle International ‡ | 2,705 | 511,407 | ||||||
Digital Realty Trust ‡ | 1,587 | 244,890 |
65
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Real Estate — continued | ||||||||
Duke Realty ‡ | 2,608 | $ | 121,324 | |||||
Equinix ‡ | 562 | 405,067 | ||||||
Equity Residential ‡ | 1,798 | 133,465 | ||||||
Essex Property Trust ‡ | 481 | 139,740 | ||||||
Extra Space Storage ‡ | 930 | 138,282 | ||||||
Federal Realty Investment Trust ‡ | 584 | 65,899 | ||||||
Healthpeak Properties ‡ | 3,299 | 113,288 | ||||||
Host Hotels & Resorts ‡ * | 4,886 | 88,730 | ||||||
Iron Mountain ‡ | 2,301 | 92,316 | ||||||
Kimco Realty ‡ | 3,503 | 73,563 | ||||||
Mid-America Apartment Communities ‡ | 837 | 131,685 | ||||||
ProLogis ‡ | 4,398 | 512,499 | ||||||
Public Storage ‡ | 951 | 267,383 | ||||||
Realty Income ‡ | 2,531 | 175,019 | ||||||
Regency Centers ‡ | 1,269 | 80,785 | ||||||
SBA Communications, Cl A ‡ | 582 | 174,437 | ||||||
Simon Property Group ‡ | 2,164 | 263,445 | ||||||
UDR ‡ | 2,289 | 106,324 | ||||||
Ventas ‡ | 2,479 | 137,485 | ||||||
Vornado Realty Trust ‡ | 1,108 | 50,691 | ||||||
Welltower ‡ | 2,279 | 170,993 | ||||||
Weyerhaeuser ‡ | 5,062 | 196,254 | ||||||
5,698,593 | ||||||||
Utilities — 2.7% | ||||||||
AES | 4,316 | 120,071 | ||||||
Alliant Energy | 1,655 | 92,961 | ||||||
Ameren | 1,568 | 133,029 | ||||||
American Electric Power | 2,823 | 250,428 | ||||||
American Water Works | 1,179 | 183,912 | ||||||
Atmos Energy | 835 | 86,498 | ||||||
CenterPoint Energy | 3,547 | 86,866 | ||||||
CMS Energy | 2,040 | 131,356 | ||||||
Consolidated Edison | 2,204 | 170,612 |
66
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call ETF |
Shares/Number of Contracts | Value | |||||||
COMMON STOCK — continued | ||||||||
Utilities — continued | ||||||||
Dominion Energy | 5,335 | $ | 426,266 | |||||
DTE Energy | 1,038 | 145,341 | ||||||
Duke Energy | 4,878 | 491,166 | ||||||
Edison International | 2,668 | 158,613 | ||||||
Entergy | 1,450 | 158,470 | ||||||
Evergy | 1,601 | 102,416 | ||||||
Eversource Energy | 1,867 | 160,973 | ||||||
Exelon | 6,581 | 295,750 | ||||||
FirstEnergy | 4,045 | 153,386 | ||||||
NextEra Energy | 11,960 | 927,020 | ||||||
NiSource | 2,954 | 76,863 | ||||||
NRG Energy | 1,575 | 56,417 | ||||||
Pinnacle West Capital | 746 | 63,149 | ||||||
PPL | 5,266 | 153,399 | ||||||
Public Service Enterprise Group | 3,230 | 204,007 | ||||||
Sempra Energy | 1,836 | 252,578 | ||||||
Southern | 6,584 | 435,663 | ||||||
WEC Energy Group | 1,985 | 192,882 | ||||||
Xcel Energy | 3,556 | 253,543 | ||||||
5,963,635 | ||||||||
TOTAL UNITED STATES | 219,902,385 | |||||||
TOTAL INVESTMENTS — 101.1% | ||||||||
(Cost $178,666,284) | $ | 221,155,850 | ||||||
WRITTEN OPTION— (1.3)%(1) | ||||||||
UNITED STATES— (1.3)% | ||||||||
(Premiums Received $3,281,100) | (528 | ) | $ | (2,951,520 | ) |
Percentages are based on Net Assets of $218,715,264.
67
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call ETF |
A list of the exchange traded option contracts held by the Fund at April 30, 2021, is as follows:
Description | Number of Contracts | Cost+ | Exercise Price | Expiration Date | Value | ||||||||||||
WRITTEN OPTION — (1.3)% | |||||||||||||||||
Call Options | |||||||||||||||||
S&P 500 Index* | (528 | ) | $ | (3,281,100 | ) | $ | 4,180.00 | 05/22/21 | $ | (2,951,520 | ) |
* | Non-income producing security. |
+ | Notional amount for all options totals $(220,765,776). |
‡ | Real Estate Investment Trust |
(1) | Refer to table below for details on Options Contracts. |
(A) | All or a portion of these securities has been segregated as collateral for writtenoptions contracts. The aggregate market value of collateral at April 30, 2021 was$221,155,850. |
Cl — Class
S&P — Standard & Poor’s
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 221,155,850 | $ | — | $ | — | $ | 221,155,850 | ||||||||
Total Investments in Securities | $ | 221,155,850 | $ | — | $ | — | $ | 221,155,850 |
Liabilities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Written Option | $ | (2,951,520 | ) | $ | — | $ | — | $ | (2,951,520 | ) | ||||||
Total Liabilities | $ | (2,951,520 | ) | $ | — | $ | — | $ | (2,951,520 | ) |
For the period ended April 30, 2021, there have been no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
68
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Russell 2000 Covered Call ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments.
Shares/Number of Contracts | Value | |||||||
EXCHANGE TRADED FUND — 102.3%‡(A) | ||||||||
Vanguard Russell 2000 ETF (Cost $114,230,264) | 1,401,992 | $ | 127,356,953 | |||||
WRITTEN OPTION— (2.4)%(1) | ||||||||
UNITED STATES— (2.4)% | ||||||||
(Premiums Received $3,436,819) | (561 | ) | $ | (2,953,665 | ) |
Percentages are based on Net Assets of $124,516,471.
A list of the exchange traded option contracts held by the Fund at April 30, 2021, is as follows:
Description | Number of Contracts | Cost+ | Exercise Price | Expiration Date | Value | ||||||||||||
WRITTEN OPTION — (2.4)% | |||||||||||||||||
Call Options | |||||||||||||||||
Russell 2000 Index* | (561 | ) | $ | (3,436,819 | ) | $ | 2,260.00 | 05/22/21 | $ | (2,953,665 | ) |
‡ | For financial information on the Vanguard Russell 2000 ETF, please go to theSecurities Exchange Commission’s website at http://www.sec.gov. |
* | Non-Income producing security. |
+ | Notional amount for all options totals $(127,147,789). |
(1) | Refer to table below for details on Options Contracts. |
(A) | All or a portion of these securities has been segregated as collateral for writtenoptions contracts. The aggregate market value of collateral at April 30, 2021 was$127,356,953. |
ETF — Exchange Traded Fund
69
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Russell 2000 Covered Call ETF |
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Exchange Traded Fund | $ | 127,356,953 | $ | — | $ | — | $ | 127,356,953 | ||||||||
Total Investments in Securities | $ | 127,356,953 | $ | — | $ | — | $ | 127,356,953 |
Liabilities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Written Option | $ | (2,953,665 | ) | $ | — | $ | — | $ | (2,953,665 | ) | ||||||
Total Liabilities | $ | (2,953,665 | ) | $ | — | $ | — | $ | (2,953,665 | ) |
For the period ended April 30, 2021, there have been no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
70
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Nasdaq 100® Covered Call & Growth ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 100.5%(A) | ||||||||
ARGENTINA— 0.6% | ||||||||
Consumer Discretionary — 0.6% | ||||||||
MercadoLibre * | 42 | $ | 65,981 | |||||
CHINA— 2.1% | ||||||||
Communication Services — 0.7% | ||||||||
Baidu ADR * | 220 | 46,273 | ||||||
NetEase ADR | 257 | 28,799 | ||||||
75,072 | ||||||||
Consumer Discretionary — 1.0% | ||||||||
JD.com ADR * | 674 | 52,141 | ||||||
Pinduoduo ADR * | 297 | 39,777 | ||||||
Trip.com Group ADR * | 445 | 17,391 | ||||||
109,309 | ||||||||
Information Technology — 0.4% | ||||||||
NXP Semiconductors | 224 | 43,122 | ||||||
TOTAL CHINA | 227,503 | |||||||
ISRAEL— 0.1% | ||||||||
Information Technology — 0.1% | ||||||||
Check Point Software Technologies * | 120 | 14,017 | ||||||
NETHERLANDS— 0.4% | ||||||||
Information Technology — 0.4% | ||||||||
ASML Holding, Cl G | 63 | 40,830 |
71
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Nasdaq 100® Covered Call & Growth ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
UNITED STATES— 97.3% | ||||||||
Communication Services — 19.2% | ||||||||
Activision Blizzard | 655 | $ | 59,729 | |||||
Alphabet, Cl A * | 164 | 385,974 | ||||||
Alphabet, Cl C * | 179 | 431,412 | ||||||
Charter Communications, Cl A * | 159 | 107,079 | ||||||
Comcast, Cl A | 3,802 | 213,482 | ||||||
Electronic Arts | 231 | 32,820 | ||||||
Facebook, Cl A * | 1,315 | 427,480 | ||||||
Fox, Cl A | 288 | 10,777 | ||||||
Fox, Cl B | 218 | 7,931 | ||||||
Match Group * | 229 | 35,639 | ||||||
Netflix * | 368 | 188,958 | ||||||
Sirius XM Holdings | 3,640 | 22,204 | ||||||
T-Mobile US * | 1,033 | 136,490 | ||||||
2,059,975 | ||||||||
Consumer Discretionary — 17.0% | ||||||||
Amazon.com * | 275 | 953,541 | ||||||
Booking Holdings * | 34 | 83,847 | ||||||
Dollar Tree * | 201 | 23,095 | ||||||
eBay | 581 | 32,414 | ||||||
Lululemon Athletica * | 108 | 36,209 | ||||||
Marriott International, Cl A * | 262 | 38,912 | ||||||
O’Reilly Automotive * | 56 | 30,961 | ||||||
Peloton Interactive, Cl A * | 218 | 21,440 | ||||||
Ross Stores | 287 | 37,580 | ||||||
Starbucks | 978 | 111,971 | ||||||
Tesla * | 650 | 461,136 | ||||||
1,831,106 | ||||||||
Consumer Staples — 5.0% | ||||||||
Costco Wholesale | 368 | 136,929 | ||||||
Keurig Dr Pepper | 1,188 | 42,590 | ||||||
Kraft Heinz | 1,032 | 42,611 |
72
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Nasdaq 100® Covered Call & Growth ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Staples — continued | ||||||||
Mondelez International, Cl A | 1,151 | $ | 69,993 | |||||
Monster Beverage * | 445 | 43,187 | ||||||
PepsiCo | 1,147 | 165,351 | ||||||
Walgreens Boots Alliance | 731 | 38,816 | ||||||
539,477 | ||||||||
Health Care — 6.4% | ||||||||
Alexion Pharmaceuticals * | 184 | 31,037 | ||||||
Align Technology * | 68 | 40,496 | ||||||
Amgen | 480 | 115,027 | ||||||
Biogen Idec * | 122 | 32,614 | ||||||
Cerner | 258 | 19,363 | ||||||
DexCom * | 77 | 29,730 | ||||||
Gilead Sciences | 1,024 | 64,993 | ||||||
IDEXX Laboratories * | 73 | 40,076 | ||||||
Illumina * | 124 | 48,712 | ||||||
Incyte * | 186 | 15,881 | ||||||
Intuitive Surgical * | 98 | 84,770 | ||||||
Moderna * | 335 | 59,905 | ||||||
Regeneron Pharmaceuticals * | 85 | 40,911 | ||||||
Seagen * | 157 | 22,570 | ||||||
Vertex Pharmaceuticals * | 210 | 45,822 | ||||||
691,907 | ||||||||
Industrials — 1.8% | ||||||||
Cintas | 91 | 31,407 | ||||||
Copart * | 201 | 25,027 | ||||||
CSX | 621 | 62,567 | ||||||
Fastenal | 487 | 25,460 | ||||||
PACCAR | 300 | 26,964 | ||||||
Verisk Analytics, Cl A | 141 | 26,536 | ||||||
197,961 | ||||||||
Information Technology — 46.9% | ||||||||
Adobe * | 398 | 202,319 | ||||||
Advanced Micro Devices * | 990 | 80,804 |
73
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Nasdaq 100® Covered Call & Growth ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — continued | ||||||||
Analog Devices | 312 | $ | 47,786 | |||||
ANSYS * | 71 | 25,962 | ||||||
Apple | 9,185 | 1,207,460 | ||||||
Applied Materials | 752 | 99,798 | ||||||
Atlassian, Cl A * | 115 | 27,319 | ||||||
Autodesk * | 186 | 54,295 | ||||||
Automatic Data Processing | 349 | 65,260 | ||||||
Broadcom | 339 | 154,652 | ||||||
Cadence Design Systems * | 224 | 29,516 | ||||||
CDW | 120 | 21,400 | ||||||
Cisco Systems | 3,511 | 178,745 | ||||||
Cognizant Technology Solutions, Cl A | 426 | 34,250 | ||||||
DocuSign, Cl A * | 157 | 35,002 | ||||||
Fiserv * | 546 | 65,586 | ||||||
Intel | 3,379 | 194,394 | ||||||
Intuit | 227 | 93,560 | ||||||
KLA | 131 | 41,311 | ||||||
Lam Research | 117 | 72,593 | ||||||
Marvell Technology | 583 | 26,357 | ||||||
Maxim Integrated Products * | 228 | 21,432 | ||||||
Microchip Technology | 227 | 34,116 | ||||||
Micron Technology * | 914 | 78,668 | ||||||
Microsoft | 4,126 | 1,040,495 | ||||||
NVIDIA | 516 | 309,796 | ||||||
Okta, Cl A * | 105 | 28,319 | ||||||
Paychex | 313 | 30,514 | ||||||
PayPal Holdings * | 974 | 255,470 | ||||||
QUALCOMM | 944 | 131,027 | ||||||
Skyworks Solutions | 141 | 25,568 | ||||||
Splunk * | 137 | 17,320 | ||||||
Synopsys * | 122 | 30,141 | ||||||
Texas Instruments | 765 | 138,090 | ||||||
VeriSign * | 99 | 21,658 |
74
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Nasdaq 100® Covered Call & Growth ETF |
Shares/Number of Contracts | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — continued | ||||||||
Workday, Cl A * | 153 | $ | 37,791 | |||||
Xilinx * | 214 | 27,383 | ||||||
Zoom Video Communications, Cl A * | 191 | 61,038 | ||||||
5,047,195 | ||||||||
Utilities — 1.0% | ||||||||
American Electric Power | 419 | 37,169 | ||||||
Exelon | 786 | 35,323 | ||||||
Xcel Energy | 456 | 32,513 | ||||||
105,005 | ||||||||
TOTAL UNITED STATES | 10,472,626 | |||||||
TOTAL INVESTMENTS — 100.5% | ||||||||
(Cost $9,782,015) | $ | 10,820,957 | ||||||
WRITTEN OPTION— (0.6)%(1) | ||||||||
UNITED STATES— (0.6)% | ||||||||
(Premiums Received $123,637) | (19 | ) | $ | (68,970 | ) |
Percentages are based on Net Assets of $10,762,445.
A list of the exchange traded option contracts held by the Fund at April 30, 2021, is as follows:
Description | Number of Contracts | Cost+ | Exercise Price | Expiration Date | Value | ||||||||||||
WRITTEN OPTION — (0.6)% | |||||||||||||||||
Call Options | |||||||||||||||||
NQX* | (19 | ) | $ | (123,637 | ) | $ | 2,800.00 | 05/22/21 | $ | (68,970 | ) |
* | Non-income producing security. |
+ | Notional amount for all options totals $(5,267,089). |
(1) | Refer to table below for details on Options Contracts. |
(A) | All or a portion of these securities has been segregated as collateral for writtenoptions contracts. The aggregate market value of collateral at April 30, 2021 was$10,820,957. |
75
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Nasdaq 100® Covered Call & Growth ETF |
ADR — American Depositary Receipt
Cl — Class
NQX — Nasdaq 100 Index
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 10,820,957 | $ | — | $ | — | $ | 10,820,957 | ||||||||
Total Investments in Securities | $ | 10,820,957 | $ | — | $ | — | $ | 10,820,957 |
Liabilities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Written Option | $ | (68,970 | ) | $ | — | $ | — | $ | (68,970 | ) | ||||||
Total Liabilities | $ | (68,970 | ) | $ | — | $ | — | $ | (68,970 | ) |
For the period ended April 30, 2021, there have been no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
76
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call & Growth ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 100.2%(A) | ||||||||
CHINA— 0.2% | ||||||||
Information Technology — 0.2% | ||||||||
NXP Semiconductors | 28 | $ | 5,390 | |||||
UNITED KINGDOM— 0.4% | ||||||||
Materials — 0.4% | ||||||||
Linde | 47 | 13,435 | ||||||
UNITED STATES— 99.6% | ||||||||
Communication Services — 11.2% | ||||||||
Activision Blizzard | 68 | 6,201 | ||||||
Alphabet, Cl A * | 28 | 65,898 | ||||||
Alphabet, Cl C * | 26 | 62,663 | ||||||
AT&T | 647 | 20,322 | ||||||
Charter Communications, Cl A * | 13 | 8,755 | ||||||
Comcast, Cl A | 416 | 23,357 | ||||||
Discovery, Cl A * | 15 | 565 | ||||||
Discovery, Cl C * | 30 | 969 | ||||||
DISH Network, Cl A * | 24 | 1,075 |
77
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call & Growth ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Communication Services — continued | ||||||||
Electronic Arts | 25 | $ | 3,552 | |||||
Facebook, Cl A * | 221 | 71,843 | ||||||
Fox, Cl A | 35 | 1,310 | ||||||
Fox, Cl B | 15 | 546 | ||||||
Interpublic Group | 39 | 1,238 | ||||||
Live Nation Entertainment * | 12 | 983 | ||||||
Lumen Technologies | 99 | 1,270 | ||||||
Netflix * | 40 | 20,539 | ||||||
News, Cl A | 39 | 1,022 | ||||||
News, Cl B | 13 | 316 | ||||||
Omnicom Group | 22 | 1,810 | ||||||
Take-Two Interactive Software * | 11 | 1,929 | ||||||
T-Mobile US * | 57 | 7,531 | ||||||
Twitter * | 73 | 4,031 | ||||||
Verizon Communications | 389 | 22,481 | ||||||
ViacomCBS, Cl B | 58 | 2,379 | ||||||
Walt Disney * | 166 | 30,879 | ||||||
363,464 | ||||||||
Consumer Discretionary — 12.6% | ||||||||
Advance Auto Parts | 4 | 801 | ||||||
Amazon.com * | 39 | 135,229 | ||||||
Aptiv * | 27 | 3,885 | ||||||
AutoZone * | 2 | 2,928 | ||||||
Best Buy | 21 | 2,442 | ||||||
Booking Holdings * | 4 | 9,864 | ||||||
BorgWarner | 21 | 1,020 | ||||||
Caesars Entertainment * | 16 | 1,565 | ||||||
CarMax * | 16 | 2,132 | ||||||
Carnival * | 56 | 1,566 | ||||||
Chipotle Mexican Grill, Cl A * | 2 | 2,984 | ||||||
Darden Restaurants | 13 | 1,907 | ||||||
Dollar General | 23 | 4,939 | ||||||
Dollar Tree * | 22 | 2,528 |
78
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call & Growth ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Discretionary — continued | ||||||||
Domino’s Pizza | 3 | $ | 1,267 | |||||
DR Horton | 27 | 2,653 | ||||||
eBay | 55 | 3,068 | ||||||
Etsy * | 10 | 1,988 | ||||||
Expedia Group * | 13 | 2,291 | ||||||
Ford Motor * | 368 | 4,247 | ||||||
Gap * | 21 | 695 | ||||||
Garmin | 16 | 2,196 | ||||||
General Motors * | 120 | 6,866 | ||||||
Genuine Parts | 15 | 1,874 | ||||||
Hanesbrands | 35 | 737 | ||||||
Hasbro | 14 | 1,392 | ||||||
Hilton Worldwide Holdings * | 25 | 3,218 | ||||||
Home Depot | 98 | 31,719 | ||||||
L Brands * | 24 | 1,582 | ||||||
Las Vegas Sands * | 33 | 2,022 | ||||||
Leggett & Platt | 13 | 646 | ||||||
Lennar, Cl A | 23 | 2,383 | ||||||
LKQ * | 28 | 1,308 | ||||||
Lowe’s | 68 | 13,345 | ||||||
Marriott International, Cl A * | 24 | 3,564 | ||||||
McDonald’s | 70 | 16,527 | ||||||
MGM Resorts International | 42 | 1,710 | ||||||
Mohawk Industries * | 5 | 1,028 | ||||||
Newell Brands | 38 | 1,024 | ||||||
NIKE, Cl B | 118 | 15,650 | ||||||
Norwegian Cruise Line Holdings * | 29 | 900 | ||||||
O’Reilly Automotive * | 7 | 3,870 | ||||||
Penn National Gaming * | 17 | 1,515 | ||||||
Pool | 3 | 1,268 | ||||||
PulteGroup | 26 | 1,537 | ||||||
PVH * | 7 | 792 | ||||||
Ralph Lauren, Cl A * | 4 | 533 |
79
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call & Growth ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Discretionary — continued | ||||||||
Ross Stores | 32 | $ | 4,190 | |||||
Royal Caribbean Cruises * | 18 | 1,565 | ||||||
Starbucks | 106 | 12,136 | ||||||
Tapestry * | 28 | 1,340 | ||||||
Target | 48 | 9,949 | ||||||
Tesla * | 70 | 49,661 | ||||||
TJX | 115 | 8,165 | ||||||
Tractor Supply | 11 | 2,075 | ||||||
Ulta Beauty * | 4 | 1,317 | ||||||
Under Armour, Cl A * | 20 | 486 | ||||||
Under Armour, Cl C * | 21 | 418 | ||||||
VF | 33 | 2,893 | ||||||
Whirlpool | 7 | 1,655 | ||||||
Wynn Resorts * | 9 | 1,156 | ||||||
Yum! Brands | 31 | 3,705 | ||||||
409,916 | ||||||||
Consumer Staples — 6.0% | ||||||||
Altria Group | 165 | 7,879 | ||||||
Archer-Daniels-Midland | 46 | 2,904 | ||||||
Brown-Forman, Cl B | 18 | 1,373 | ||||||
Campbell Soup | 20 | 955 | ||||||
Church & Dwight | 24 | 2,058 | ||||||
Clorox | 10 | 1,825 | ||||||
Coca-Cola | 352 | 19,001 | ||||||
Colgate-Palmolive | 74 | 5,972 | ||||||
Conagra Brands | 49 | 1,817 | ||||||
Constellation Brands, Cl A | 15 | 3,605 | ||||||
Costco Wholesale | 40 | 14,884 | ||||||
Estee Lauder, Cl A | 21 | 6,590 | ||||||
General Mills | 55 | 3,347 | ||||||
Hershey | 13 | 2,136 | ||||||
Hormel Foods | 28 | 1,294 | ||||||
J M Smucker | 11 | 1,441 |
80
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call & Growth ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Staples — continued | ||||||||
Kellogg | 26 | $ | 1,623 | |||||
Kimberly-Clark | 32 | 4,266 | ||||||
Kraft Heinz | 66 | 2,725 | ||||||
Kroger | 73 | 2,667 | ||||||
Lamb Weston Holdings | 15 | 1,208 | ||||||
McCormick | 23 | 2,078 | ||||||
Molson Coors Beverage, Cl B * | 20 | 1,099 | ||||||
Mondelez International, Cl A | 137 | 8,330 | ||||||
Monster Beverage * | 33 | 3,203 | ||||||
PepsiCo | 129 | 18,597 | ||||||
Philip Morris International | 145 | 13,775 | ||||||
Procter & Gamble | 225 | 30,019 | ||||||
Sysco | 45 | 3,813 | ||||||
Tyson Foods, Cl A | 30 | 2,324 | ||||||
Walgreens Boots Alliance | 73 | 3,876 | ||||||
Walmart | 130 | 18,188 | ||||||
194,872 | ||||||||
Energy — 2.7% | ||||||||
APA | 38 | 760 | ||||||
Baker Hughes, Cl A | 66 | 1,325 | ||||||
Cabot Oil & Gas | 39 | 650 | ||||||
Chevron | 175 | 18,037 | ||||||
ConocoPhillips | 119 | 6,086 | ||||||
Devon Energy | 42 | 982 | ||||||
Diamondback Energy | 16 | 1,308 | ||||||
EOG Resources | 52 | 3,829 | ||||||
Exxon Mobil | 385 | 22,038 | ||||||
Halliburton | 90 | 1,760 | ||||||
Hess | 24 | 1,788 | ||||||
HollyFrontier | 16 | 560 | ||||||
Kinder Morgan | 197 | 3,359 | ||||||
Marathon Oil | 81 | 912 | ||||||
Marathon Petroleum | 59 | 3,283 |
81
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call & Growth ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Energy — continued | ||||||||
NOV * | 39 | $ | 583 | |||||
Occidental Petroleum | 85 | 2,156 | ||||||
ONEOK | 45 | 2,355 | ||||||
Phillips 66 | 39 | 3,155 | ||||||
Pioneer Natural Resources | 22 | 3,384 | ||||||
Schlumberger | 125 | 3,382 | ||||||
Valero Energy | 42 | 3,106 | ||||||
Williams | 124 | 3,021 | ||||||
87,819 | ||||||||
Financials — 11.6% | ||||||||
Aflac | 62 | 3,331 | ||||||
Allstate | 25 | 3,170 | ||||||
American Express | 61 | 9,355 | ||||||
American International Group | 81 | 3,924 | ||||||
Ameriprise Financial | 10 | 2,584 | ||||||
Aon, Cl A | 22 | 5,532 | ||||||
Arthur J Gallagher | 20 | 2,899 | ||||||
Assurant | 6 | 934 | ||||||
Bank of America | 693 | 28,088 | ||||||
Bank of New York Mellon | 73 | 3,641 | ||||||
Berkshire Hathaway, Cl B * | 175 | 48,116 | ||||||
BlackRock, Cl A | 13 | 10,651 | ||||||
Capital One Financial | 43 | 6,410 | ||||||
Cboe Global Markets | 11 | 1,148 | ||||||
Charles Schwab | 144 | 10,138 | ||||||
Chubb | 44 | 7,550 | ||||||
Cincinnati Financial | 11 | 1,239 | ||||||
Citigroup | 188 | 13,393 | ||||||
Citizens Financial Group | 37 | 1,712 | ||||||
CME Group, Cl A | 32 | 6,464 | ||||||
Comerica | 13 | 977 | ||||||
Discover Financial Services | 25 | 2,850 | ||||||
Everest Re Group | 4 | 1,108 |
82
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call & Growth ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — continued | ||||||||
Fifth Third Bancorp | 62 | $ | 2,513 | |||||
First Republic Bank | 15 | 2,749 | ||||||
Franklin Resources | 26 | 780 | ||||||
Globe Life | 10 | 1,025 | ||||||
Goldman Sachs Group | 33 | 11,499 | ||||||
Hartford Financial Services Group | 37 | 2,441 | ||||||
Huntington Bancshares | 105 | 1,609 | ||||||
Intercontinental Exchange | 55 | 6,474 | ||||||
Invesco | 38 | 1,026 | ||||||
JPMorgan Chase | 279 | 42,914 | ||||||
KeyCorp | 99 | 2,154 | ||||||
Lincoln National | 18 | 1,154 | ||||||
Loews | 24 | 1,338 | ||||||
M&T Bank | 10 | 1,577 | ||||||
MarketAxess Holdings | 3 | 1,465 | ||||||
Marsh & McLennan | 48 | 6,514 | ||||||
MetLife | 72 | 4,581 | ||||||
Moody’s | 14 | 4,574 | ||||||
Morgan Stanley | 134 | 11,062 | ||||||
MSCI, Cl A | 8 | 3,886 | ||||||
Nasdaq | 11 | 1,777 | ||||||
Northern Trust | 19 | 2,162 | ||||||
People’s United Financial | 44 | 798 | ||||||
PNC Financial Services Group | 40 | 7,478 | ||||||
Principal Financial Group | 26 | 1,661 | ||||||
Progressive | 57 | 5,742 | ||||||
Prudential Financial | 39 | 3,914 | ||||||
Raymond James Financial | 13 | 1,700 | ||||||
Regions Financial | 97 | 2,115 | ||||||
S&P Global | 23 | 8,979 | ||||||
State Street | 35 | 2,938 | ||||||
SVB Financial Group * | 4 | 2,287 | ||||||
Synchrony Financial | 56 | 2,449 |
83
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call & Growth ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — continued | ||||||||
T Rowe Price Group | 20 | $ | 3,584 | |||||
Travelers | 24 | 3,712 | ||||||
Truist Financial | 130 | 7,710 | ||||||
Unum Group | 20 | 565 | ||||||
US Bancorp | 132 | 7,834 | ||||||
W R Berkley | 14 | 1,116 | ||||||
Wells Fargo | 374 | 16,849 | ||||||
Willis Towers Watson | 13 | 3,365 | ||||||
Zions Bancorp | 18 | 1,004 | ||||||
376,288 | ||||||||
Health Care — 12.7% | ||||||||
Abbott Laboratories | 161 | 19,332 | ||||||
AbbVie | 160 | 17,840 | ||||||
ABIOMED * | 4 | 1,283 | ||||||
Agilent Technologies | 26 | 3,475 | ||||||
Alexion Pharmaceuticals * | 20 | 3,374 | ||||||
Align Technology * | 6 | 3,573 | ||||||
AmerisourceBergen, Cl A | 11 | 1,329 | ||||||
Amgen | 52 | 12,461 | ||||||
Anthem | 23 | 8,726 | ||||||
Baxter International | 43 | 3,685 | ||||||
Becton Dickinson | 26 | 6,469 | ||||||
Biogen Idec * | 13 | 3,475 | ||||||
Bio-Rad Laboratories, Cl A * | 2 | 1,260 | ||||||
Boston Scientific * | 123 | 5,363 | ||||||
Bristol-Myers Squibb | 202 | 12,609 | ||||||
Cardinal Health | 22 | 1,327 | ||||||
Catalent * | 14 | 1,575 | ||||||
Centene * | 54 | 3,334 | ||||||
Cerner | 24 | 1,801 | ||||||
Cigna | 31 | 7,719 | ||||||
Cooper | 4 | 1,644 | ||||||
CVS Health | 117 | 8,939 |
84
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call & Growth ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — continued | ||||||||
Danaher | 59 | $ | 14,982 | |||||
DaVita * | 6 | 699 | ||||||
DENTSPLY SIRONA | 15 | 1,013 | ||||||
DexCom * | 9 | 3,475 | ||||||
Edwards Lifesciences * | 59 | 5,636 | ||||||
Eli Lilly | 75 | 13,708 | ||||||
Gilead Sciences | 121 | 7,680 | ||||||
HCA Healthcare | 24 | 4,825 | ||||||
Henry Schein * | 15 | 1,088 | ||||||
Hologic * | 26 | 1,704 | ||||||
Humana | 12 | 5,343 | ||||||
IDEXX Laboratories * | 8 | 4,392 | ||||||
Illumina * | 14 | 5,500 | ||||||
Incyte * | 17 | 1,451 | ||||||
Intuitive Surgical * | 11 | 9,515 | ||||||
IQVIA Holdings * | 18 | 4,224 | ||||||
Johnson & Johnson | 241 | 39,218 | ||||||
Laboratory Corp of America Holdings * | 10 | 2,659 | ||||||
McKesson | 15 | 2,813 | ||||||
Medtronic | 127 | 16,627 | ||||||
Merck | 238 | 17,731 | ||||||
Mettler-Toledo International * | 2 | 2,627 | ||||||
PerkinElmer | 11 | 1,426 | ||||||
Perrigo | 13 | 541 | ||||||
Pfizer | 522 | 20,175 | ||||||
Quest Diagnostics | 13 | 1,714 | ||||||
Regeneron Pharmaceuticals * | 9 | 4,332 | ||||||
ResMed | 13 | 2,444 | ||||||
STERIS | 9 | 1,899 | ||||||
Stryker | 31 | 8,142 | ||||||
Teleflex | 4 | 1,690 | ||||||
Thermo Fisher Scientific | 37 | 17,398 | ||||||
UnitedHealth Group | 86 | 34,297 |
85
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call & Growth ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — continued | ||||||||
Universal Health Services, Cl B | 9 | $ | 1,336 | |||||
Vertex Pharmaceuticals * | 24 | 5,237 | ||||||
Viatris, Cl W * | 99 | 1,317 | ||||||
Waters * | 7 | 2,099 | ||||||
West Pharmaceutical Services | 6 | 1,971 | ||||||
Zimmer Biomet Holdings | 21 | 3,720 | ||||||
Zoetis, Cl A | 45 | 7,786 | ||||||
415,027 | ||||||||
Industrials — 8.8% | ||||||||
3M | 55 | 10,843 | ||||||
Alaska Air Group * | 13 | 899 | ||||||
Allegion | 9 | 1,209 | ||||||
American Airlines Group * | 54 | 1,173 | ||||||
AMETEK | 21 | 2,834 | ||||||
AO Smith | 13 | 881 | ||||||
Boeing * | 51 | 11,949 | ||||||
Carrier Global | 72 | 3,138 | ||||||
Caterpillar | 49 | 11,176 | ||||||
CH Robinson Worldwide | 13 | 1,262 | ||||||
Cintas | 8 | 2,761 | ||||||
Copart * | 17 | 2,117 | ||||||
CSX | 67 | 6,750 | ||||||
Cummins | 14 | 3,529 | ||||||
Deere | 28 | 10,384 | ||||||
Delta Air Lines * | 55 | 2,581 | ||||||
Dover | 13 | 1,939 | ||||||
Eaton | 37 | 5,288 | ||||||
Emerson Electric | 56 | 5,067 | ||||||
Equifax | 11 | 2,522 | ||||||
Expeditors International of Washington | 17 | 1,868 | ||||||
Fastenal | 47 | 2,457 | ||||||
FedEx | 21 | 6,097 | ||||||
Fortive | 27 | 1,912 |
86
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call & Growth ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — continued | ||||||||
Fortune Brands Home & Security | 13 | $ | 1,365 | |||||
Generac Holdings * | 7 | 2,268 | ||||||
General Dynamics | 22 | 4,185 | ||||||
General Electric | 845 | 11,086 | ||||||
Honeywell International | 66 | 14,721 | ||||||
Howmet Aerospace * | 39 | 1,246 | ||||||
Huntington Ingalls Industries | 4 | 849 | ||||||
IDEX | 7 | 1,569 | ||||||
IHS Markit | 37 | 3,980 | ||||||
Illinois Tool Works | 26 | 5,992 | ||||||
Ingersoll Rand * | 37 | 1,828 | ||||||
Jacobs Engineering Group | 13 | 1,737 | ||||||
JB Hunt Transport Services | 9 | 1,536 | ||||||
Johnson Controls International | 65 | 4,052 | ||||||
Kansas City Southern | 9 | 2,630 | ||||||
L3Harris Technologies | 20 | 4,185 | ||||||
Lockheed Martin | 23 | 8,753 | ||||||
Masco | 26 | 1,661 | ||||||
Nielsen Holdings | 37 | 949 | ||||||
Norfolk Southern | 24 | 6,702 | ||||||
Northrop Grumman | 13 | 4,608 | ||||||
Old Dominion Freight Line | 9 | 2,320 | ||||||
Otis Worldwide | 36 | 2,803 | ||||||
PACCAR | 31 | 2,786 | ||||||
Parker-Hannifin | 11 | 3,452 | ||||||
Pentair | 17 | 1,097 | ||||||
Quanta Services | 13 | 1,256 | ||||||
Raytheon Technologies | 141 | 11,737 | ||||||
Republic Services, Cl A | 22 | 2,339 | ||||||
Robert Half International | 11 | 964 | ||||||
Rockwell Automation | 11 | 2,907 | ||||||
Rollins | 23 | 857 | ||||||
Roper Technologies | 10 | 4,464 |
87
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call & Growth ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — continued | ||||||||
Snap-On | 5 | $ | 1,188 | |||||
Southwest Airlines * | 60 | 3,766 | ||||||
Stanley Black & Decker | 15 | 3,102 | ||||||
Teledyne Technologies * | 3 | 1,343 | ||||||
Textron | 23 | 1,478 | ||||||
Trane Technologies | 20 | 3,477 | ||||||
TransDigm Group * | 5 | 3,069 | ||||||
Union Pacific | 63 | 13,992 | ||||||
United Airlines Holdings * | 29 | 1,578 | ||||||
United Parcel Service, Cl B | 68 | 13,862 | ||||||
United Rentals * | 7 | 2,240 | ||||||
Verisk Analytics, Cl A | 16 | 3,011 | ||||||
Waste Management | 39 | 5,381 | ||||||
Westinghouse Air Brake Technologies | 18 | 1,477 | ||||||
WW Grainger | 4 | 1,734 | ||||||
Xylem | 18 | 1,992 | ||||||
286,210 | ||||||||
Information Technology — 26.5% | ||||||||
Accenture, Cl A | 59 | 17,108 | ||||||
Adobe * | 44 | 22,367 | ||||||
Advanced Micro Devices * | 112 | 9,141 | ||||||
Akamai Technologies * | 16 | 1,739 | ||||||
Amphenol, Cl A | 57 | 3,838 | ||||||
Analog Devices | 35 | 5,361 | ||||||
ANSYS * | 8 | 2,925 | ||||||
Apple | 1,454 | 191,143 | ||||||
Applied Materials | 82 | 10,882 | ||||||
Arista Networks * | 4 | 1,261 | ||||||
Autodesk * | 19 | 5,546 | ||||||
Automatic Data Processing | 38 | 7,106 | ||||||
Broadcom | 37 | 16,879 | ||||||
Broadridge Financial Solutions | 11 | 1,745 | ||||||
Cadence Design Systems * | 26 | 3,426 |
88
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call & Growth ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — continued | ||||||||
CDW | 13 | $ | 2,318 | |||||
Cisco Systems | 383 | 19,498 | ||||||
Citrix Systems | 11 | 1,362 | ||||||
Cognizant Technology Solutions, Cl A | 45 | 3,618 | ||||||
Corning | 64 | 2,829 | ||||||
DXC Technology * | 26 | 856 | ||||||
Enphase Energy * | 10 | 1,393 | ||||||
F5 Networks * | 5 | 934 | ||||||
Fidelity National Information Services | 55 | 8,410 | ||||||
Fiserv * | 53 | 6,366 | ||||||
FleetCor Technologies * | 8 | 2,302 | ||||||
FLIR Systems | 13 | 780 | ||||||
Fortinet * | 13 | 2,655 | ||||||
Gartner * | 9 | 1,763 | ||||||
Global Payments | 29 | 6,224 | ||||||
Hewlett Packard Enterprise | 130 | 2,083 | ||||||
HP | 128 | 4,366 | ||||||
Intel | 370 | 21,286 | ||||||
International Business Machines | 84 | 11,918 | ||||||
Intuit | 25 | 10,304 | ||||||
IPG Photonics * | 3 | 651 | ||||||
Jack Henry & Associates | 6 | 977 | ||||||
Juniper Networks | 33 | 838 | ||||||
Keysight Technologies * | 17 | 2,454 | ||||||
KLA | 13 | 4,100 | ||||||
Lam Research | 13 | 8,066 | ||||||
Leidos Holdings | 13 | 1,317 | ||||||
Mastercard, Cl A | 80 | 30,564 | ||||||
Maxim Integrated Products * | 26 | 2,444 | ||||||
Microchip Technology | 24 | 3,607 | ||||||
Micron Technology * | 108 | 9,296 | ||||||
Microsoft | 695 | 175,264 | ||||||
Monolithic Power Systems | 3 | 1,084 |
89
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call & Growth ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — continued | ||||||||
Motorola Solutions | 15 | $ | 2,824 | |||||
NetApp | 22 | 1,643 | ||||||
NortonLifeLock | 59 | 1,275 | ||||||
NVIDIA | 57 | 34,222 | ||||||
Oracle | 176 | 13,339 | ||||||
Paychex | 28 | 2,730 | ||||||
Paycom Software * | 4 | 1,538 | ||||||
PayPal Holdings * | 107 | 28,065 | ||||||
PTC * | 7 | 917 | ||||||
Qorvo * | 11 | 2,070 | ||||||
QUALCOMM | 106 | 14,713 | ||||||
salesforce.com * | 83 | 19,117 | ||||||
Seagate Technology | 22 | 2,042 | ||||||
ServiceNow * | 18 | 9,115 | ||||||
Skyworks Solutions | 15 | 2,720 | ||||||
Synopsys * | 13 | 3,212 | ||||||
TE Connectivity | 34 | 4,573 | ||||||
Teradyne | 17 | 2,126 | ||||||
Texas Instruments | 83 | 14,982 | ||||||
Trimble * | 24 | 1,968 | ||||||
Tyler Technologies * | 3 | 1,275 | ||||||
VeriSign * | 9 | 1,969 | ||||||
Visa, Cl A | 155 | 36,201 | ||||||
Western Digital * | 31 | 2,190 | ||||||
Western Union | 42 | 1,082 | ||||||
Xilinx * | 24 | 3,071 | ||||||
Zebra Technologies, Cl A * | 4 | 1,951 | ||||||
863,324 | ||||||||
Materials — 2.3% | ||||||||
Air Products & Chemicals | 19 | 5,481 | ||||||
Albemarle | 11 | 1,850 | ||||||
Amcor | 159 | 1,868 | ||||||
Avery Dennison | 7 | 1,499 |
90
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call & Growth ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Materials — continued | ||||||||
Ball | 27 | $ | 2,529 | |||||
Celanese, Cl A | 11 | 1,723 | ||||||
CF Industries Holdings | 22 | 1,070 | ||||||
Corteva | 66 | 3,218 | ||||||
Dow | 70 | 4,375 | ||||||
DuPont de Nemours | 45 | 3,470 | ||||||
Eastman Chemical | 13 | 1,500 | ||||||
Ecolab | 21 | 4,707 | ||||||
FMC | 13 | 1,537 | ||||||
Freeport-McMoRan Copper & Gold | 138 | 5,204 | ||||||
International Flavors & Fragrances | 24 | 3,412 | ||||||
International Paper | 39 | 2,262 | ||||||
LyondellBasell Industries, Cl A | 26 | 2,697 | ||||||
Martin Marietta Materials | 6 | 2,119 | ||||||
Mosaic | 35 | 1,231 | ||||||
Newmont | 76 | 4,743 | ||||||
Nucor | 31 | 2,550 | ||||||
Packaging Corp of America | 9 | 1,329 | ||||||
PPG Industries | 21 | 3,596 | ||||||
Sealed Air | 15 | 741 | ||||||
Sherwin-Williams | 22 | 6,025 | ||||||
Vulcan Materials | 13 | 2,317 | ||||||
Westrock | 27 | 1,505 | ||||||
74,558 | ||||||||
Real Estate — 2.5% | ||||||||
Alexandria Real Estate Equities ‡ | 11 | 1,992 | ||||||
American Tower, Cl A ‡ | 40 | 10,191 | ||||||
AvalonBay Communities ‡ | 11 | 2,112 | ||||||
Boston Properties ‡ | 14 | 1,531 | ||||||
CBRE Group, Cl A * | 27 | 2,300 | ||||||
Crown Castle International ‡ | 40 | 7,562 | ||||||
Digital Realty Trust ‡ | 26 | 4,012 | ||||||
Duke Realty ‡ | 37 | 1,721 |
91
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call & Growth ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Real Estate — continued | ||||||||
Equinix ‡ | 8 | $ | 5,766 | |||||
Equity Residential ‡ | 27 | 2,004 | ||||||
Essex Property Trust ‡ | 5 | 1,453 | ||||||
Extra Space Storage ‡ | 13 | 1,933 | ||||||
Federal Realty Investment Trust ‡ | 7 | 790 | ||||||
Healthpeak Properties ‡ | 56 | 1,923 | ||||||
Host Hotels & Resorts ‡ * | 72 | 1,308 | ||||||
Iron Mountain ‡ | 29 | 1,163 | ||||||
Kimco Realty ‡ | 44 | 924 | ||||||
Mid-America Apartment Communities ‡ | 11 | 1,731 | ||||||
ProLogis ‡ | 70 | 8,157 | ||||||
Public Storage ‡ | 13 | 3,655 | ||||||
Realty Income ‡ | 35 | 2,420 | ||||||
Regency Centers ‡ | 15 | 955 | ||||||
SBA Communications, Cl A ‡ | 11 | 3,297 | ||||||
Simon Property Group ‡ | 31 | 3,774 | ||||||
UDR ‡ | 32 | 1,486 | ||||||
Ventas ‡ | 37 | 2,052 | ||||||
Vornado Realty Trust ‡ | 15 | 686 | ||||||
Welltower ‡ | 42 | 3,152 | ||||||
Weyerhaeuser ‡ | 76 | 2,947 | ||||||
82,997 | ||||||||
Utilities — 2.7% | ||||||||
AES | 50 | 1,391 | ||||||
Alliant Energy | 25 | 1,404 | ||||||
Ameren | 24 | 2,036 | ||||||
American Electric Power | 47 | 4,169 | ||||||
American Water Works | 15 | 2,340 | ||||||
Atmos Energy | 9 | 932 | ||||||
CenterPoint Energy | 55 | 1,347 | ||||||
CMS Energy | 29 | 1,867 | ||||||
Consolidated Edison | 33 | 2,555 | ||||||
Dominion Energy | 70 | 5,594 |
92
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call & Growth ETF |
Shares/Number of Contracts | Value | |||||||
COMMON STOCK — continued | ||||||||
Utilities — continued | ||||||||
DTE Energy | 16 | $ | 2,240 | |||||
Duke Energy | 71 | 7,149 | ||||||
Edison International | 30 | 1,784 | ||||||
Entergy | 20 | 2,186 | ||||||
Evergy | 23 | 1,471 | ||||||
Eversource Energy | 32 | 2,759 | ||||||
Exelon | 92 | 4,134 | ||||||
FirstEnergy | 41 | 1,555 | ||||||
NextEra Energy | 183 | 14,185 | ||||||
NiSource | 40 | 1,041 | ||||||
NRG Energy | 24 | 860 | ||||||
Pinnacle West Capital | 11 | 931 | ||||||
PPL | 79 | 2,301 | ||||||
Public Service Enterprise Group | 50 | 3,158 | ||||||
Sempra Energy | 27 | 3,714 | ||||||
Southern | 100 | 6,617 | ||||||
WEC Energy Group | 32 | 3,109 | ||||||
Xcel Energy | 53 | 3,779 | ||||||
86,608 | ||||||||
TOTAL UNITED STATES | 3,241,083 | |||||||
TOTAL INVESTMENTS — 100.2% | ||||||||
(Cost $2,919,159) | $ | 3,259,908 | ||||||
WRITTEN OPTION— (0.7)%(1) | ||||||||
UNITED STATES— (0.7)% | ||||||||
(Premiums Received $24,789) | (39 | ) | $ | (22,269 | ) |
Percentages are based on Net Assets of $3,252,528.
93
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Covered Call & Growth ETF |
A list of the exchange traded option contracts held by the Fund at April 30, 2021, is as follows:
Description | Number of Contracts | Cost+ | Exercise Price | Expiration Date | Value | ||||||||||||
WRITTEN OPTION — (0.7)% | |||||||||||||||||
Call Options | |||||||||||||||||
S&P 500 Index* | (39 | ) | $ | (24,789 | ) | $ | 418.00 | 05/22/21 | $ | (22,269 | ) |
* | Non-income producing security. |
‡ | Real Estate Investment Trust |
+ | Notional amount for all options totals $(1,630,668). |
(1) | Refer to table below for details on Options Contracts. |
(A) | All or a portion of these securities has been segregated as collateral for writtenoptions contracts. The aggregate market value of collateral at April 30, 2021 was$3,259,908. |
Cl — Class
S&P — Standard & Poor’s
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 3,259,908 | $ | — | $ | — | $ | 3,259,908 | ||||||||
Total Investments in Securities | $ | 3,259,908 | $ | — | $ | — | $ | 3,259,908 |
Liabilities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Written Option | $ | (22,269 | ) | $ | — | $ | — | $ | (22,269 | ) | ||||||
Total Liabilities | $ | (22,269 | ) | $ | — | $ | — | $ | (22,269 | ) |
For the period ended April 30, 2021, there have been no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
94
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperIncome™ Preferred ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments. Repurchase agreements purchased from cash collateral received for securities lending activity are included in total investments. Please see Note 2 and 7 in Notes to Financial Statements for more detailed information.
Shares | Value | |||||||
PREFERRED STOCK — 100.1% | ||||||||
BERMUDA— 0.8% | ||||||||
Financials — 0.8% | ||||||||
PartnerRe, 7.250% | 70,677 | $ | 1,788,128 | |||||
TOTAL BERMUDA | 1,788,128 | |||||||
UNITED STATES— 99.3% | ||||||||
Communication Services — 1.3% | ||||||||
Telephone and Data Systems, 6.625% | 97,664 | 2,690,643 | ||||||
Consumer Discretionary — 3.8% | ||||||||
Qurate Retail, 8.000% | 76,092 | 7,959,223 | ||||||
Consumer Staples — 1.7% | ||||||||
CHS, Ser 4, 7.500% | 125,987 | 3,593,149 | ||||||
Energy — 7.8% | ||||||||
Crestwood Equity Partners, 9.250% | 407,597 | 3,684,677 |
95
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperIncome™ Preferred ETF |
Shares | Value | |||||||
PREFERRED STOCK — continued | ||||||||
Energy — continued | ||||||||
Energy Transfer, 7.600%, VAR ICE LIBOR USD 3 Month+5.161% | 203,396 | $ | 4,938,455 | |||||
Energy Transfer, 7.400% (A) | 113,438 | 2,752,006 | ||||||
Energy Transfer, 7.375%, VAR ICE LIBOR USD 3 Month+4.530% | 114,986 | 2,763,113 | ||||||
NuStar Logistics, 6.918%, VAR ICE LIBOR USD 3 Month+6.734% | 95,265 | 2,303,508 | ||||||
16,441,759 | ||||||||
Financials — 64.7% | ||||||||
AGNC Investment, 7.000%, VAR ICE LIBOR USD 3 Month+5.111% ‡ | 79,011 | 2,032,953 | ||||||
AGNC Investment, 6.500%, VAR ICE LIBOR USD 3 Month+4.993% ‡ | 96,477 | 2,414,819 | ||||||
AGNC Investment, 6.125%, VAR ICE LIBOR USD 3 Month+4.697% ‡ | 139,954 | 3,361,695 | ||||||
Annaly Capital Management, 6.950%, VAR ICE LIBOR USD 3 Month+4.993% ‡ | 174,541 | 4,419,378 | ||||||
Annaly Capital Management, 6.750%, VAR ICE LIBOR USD 3 Month+4.989% ‡ | 105,868 | 2,739,864 | ||||||
Annaly Capital Management, 6.500%, VAR ICE LIBOR USD 3 Month+4.172% ‡ | 103,534 | 2,595,598 | ||||||
Athene Holding, 6.350%, VAR ICE LIBOR USD 3 Month+4.253% | 208,402 | 5,945,709 | ||||||
Bank of America, 6.000% | 241,944 | 6,660,718 | ||||||
Charles Schwab, 6.000% | 145,986 | 3,700,745 | ||||||
Charles Schwab, 5.950% | 182,697 | 4,664,254 | ||||||
Citigroup, Ser J, 7.125%, VAR ICE LIBOR USD 3 Month+4.040% | 77,189 | 2,176,730 | ||||||
Citigroup, 6.875%, VAR ICE LIBOR USD 3 Month+4.130% | 123,634 | 3,517,387 | ||||||
Citigroup Capital XIII, 6.556%, VAR ICE LIBOR USD 3 Month+6.370% | 185,312 | 5,029,368 |
96
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperIncome™ Preferred ETF |
Shares | Value | |||||||
PREFERRED STOCK — continued | ||||||||
Financials — continued | ||||||||
Fifth Third Bancorp, 6.625%, VAR ICE LIBOR USD 3 Month+3.710% | 110,777 | $ | 3,130,558 | |||||
GMAC Capital Trust I, Ser 2, 5.983%, VAR ICE LIBOR USD 3 Month+5.785% | 419,619 | 10,759,031 | ||||||
Goldman Sachs Group, 6.375%, VAR ICE LIBOR USD 3 Month+3.550% | 167,487 | 4,726,483 | ||||||
Goldman Sachs Group, 6.300% | 164,017 | 4,102,065 | ||||||
Hartford Financial Services Group, 7.875%, VAR ICE LIBOR USD 3 Month+5.596% | 147,970 | 3,936,002 | ||||||
Huntington Bancshares, 6.250% | 148,487 | 3,764,146 | ||||||
JPMorgan Chase, 6.150% | 105,026 | 2,659,258 | ||||||
JPMorgan Chase, 6.100% | 130,612 | 3,304,484 | ||||||
JPMorgan Chase, 6.000% | 170,001 | 4,690,328 | ||||||
Morgan Stanley, Ser E, 7.125%, VAR ICE LIBOR USD 3 Month+4.320% | 119,007 | 3,426,212 | ||||||
Morgan Stanley, Ser F, 6.875%, VAR ICE LIBOR USD 3 Month+3.940% | 118,342 | 3,306,475 | ||||||
Morgan Stanley, 6.375%, VAR ICE LIBOR USD 3 Month+3.708% | 137,985 | 3,911,875 | ||||||
New Residential Investment, 6.375%, VAR ICE LIBOR USD 3 Month+4.969% ‡ | 95,286 | 2,169,662 | ||||||
PNC Financial Services Group, 6.125%, VAR ICE LIBOR USD 3 Month+4.067% | 362,983 | 9,517,414 | ||||||
Regions Financial, Ser B, 6.375%, VAR ICE LIBOR USD 3 Month+3.536% | 122,409 | 3,487,432 | ||||||
Reinsurance Group of America, 6.200%, VAR ICE LIBOR USD 3 Month+4.370% | 96,899 | 2,567,824 | ||||||
Synchrony Financial, 5.625% | 181,132 | 4,785,508 | ||||||
US Bancorp, 6.500%, VAR ICE LIBOR USD 3 Month+4.468% | 270,928 | 7,049,547 | ||||||
Wells Fargo, 6.625%, VAR ICE LIBOR USD 3 Month+3.690% | 205,167 | 5,947,791 | ||||||
136,501,313 |
97
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperIncome™ Preferred ETF |
Shares | Value | |||||||
PREFERRED STOCK — continued | ||||||||
Health Care — 5.2% | ||||||||
Becton Dickinson, 6.000% * | 199,748 | $ | 11,032,082 | |||||
Industrials — 3.2% | ||||||||
Pitney Bowes, 6.700% | 102,986 | 2,569,501 | ||||||
WESCO International, 10.625%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+10.325% | 129,045 | 4,095,888 | ||||||
6,665,389 | ||||||||
Information Technology — 4.9% | ||||||||
Broadcom, 8.000% * | 7,099 | 10,289,646 | ||||||
Real Estate — 2.5% | ||||||||
Monmouth Real Estate Investment, 6.125% ‡ | 122,739 | 3,135,981 | ||||||
RLJ Lodging Trust, 1.950% ‡ * | 74,684 | 2,082,190 | ||||||
5,218,171 | ||||||||
Utilities — 4.2% | ||||||||
CenterPoint Energy, 7.000% * | 117,204 | 5,216,750 | ||||||
Sempra Energy, 6.750% * | 35,351 | 3,733,066 | ||||||
8,949,816 | ||||||||
TOTAL UNITED STATES | 209,341,191 | |||||||
TOTAL PREFERRED STOCK | ||||||||
(Cost $202,645,647) | 211,129,319 | |||||||
SHORT-TERM INVESTMENT(B)(C) — 0.1% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010% | ||||||||
(Cost $230,558) | 230,558 | 230,558 |
98
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperIncome™ Preferred ETF |
Face Amount | Value | |||||||
REPURCHASE AGREEMENT(B) — 0.1% | ||||||||
BNP Paribas | ||||||||
0.000%, dated 04/30/21, to be repurchased on 05/03/21, repurchase price $5,160,716 (collateralized by U.S. Treasury Obligations, ranging in par value $7,643 - $44,905, 1.500%, 02/15/2030, with a total market value of $319,188) (Cost $312,842) | $ | 312,842 | $ | 312,842 | ||||
TOTAL INVESTMENTS — 100.3% | ||||||||
(Cost $203,189,047) | $ | 211,672,719 |
Percentages are based on Net Assets of $210,974,564.
‡ | Real Estate Investment Trust |
* | Non-income producing security. |
(A) | This security or a partial position of this security is on loan at April 30, 2021. The total value of securities on loan at April 30, 2021 was $507,034. |
(B) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2021, was $543,400. |
(C) | The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2021. |
Cl — Class
ICE — Intercontinental Exchange
LIBOR — London Interbank Offered Rate
Ser — Series
USD — U.S. Dollar
VAR – Variable Rate
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Preferred Stock | $ | 211,129,319 | $ | — | $ | — | $ | 211,129,319 | ||||||||
Short-Term Investment | 230,558 | — | — | 230,558 | ||||||||||||
Repurchase Agreement | — | 312,842 | — | 312,842 | ||||||||||||
Total Investments in Securities | $ | 211,359,877 | $ | 312,842 | $ | — | $ | 211,672,719 |
For the period ended April 30, 2021, there have been no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
99
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Renewable Energy Producers ETF† |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments. Repurchase agreements purchased from cash collateral received for securities lending activity are included in total investments. Please see Note 2 and 7 in Notes to Financial Statements for more detailed information.
Shares | Value | |||||||
COMMON STOCK — 93.8% | ||||||||
AUSTRIA— 6.3% | ||||||||
Utilities — 6.3% | ||||||||
Verbund | 95,449 | $ | 7,847,799 | |||||
BRAZIL— 8.8% | ||||||||
Utilities — 8.8% | ||||||||
Centrais Eletricas Brasileiras | 870,181 | 5,900,919 | ||||||
Engie Brasil Energia | 553,665 | 4,150,510 | ||||||
Omega Geracao * | 131,684 | 951,479 | ||||||
TOTAL BRAZIL | 11,002,908 | |||||||
CANADA— 9.5% | ||||||||
Utilities — 9.5% | ||||||||
Boralex, Cl A | 69,460 | 2,224,617 | ||||||
Innergex Renewable Energy | 118,440 | 2,021,818 | ||||||
Northland Power | 136,792 | 4,707,993 | ||||||
TransAlta Renewables (A) | 180,878 | 2,862,701 | ||||||
TOTAL CANADA | 11,817,129 | |||||||
CHINA— 4.6% | ||||||||
Utilities — 4.6% | ||||||||
China Longyuan Power Group, Cl H | 2,270,200 | 3,343,838 | ||||||
Xinyi Energy Holdings | 4,823,000 | 2,353,486 | ||||||
TOTAL CHINA | 5,697,324 |
100
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperIncome™ Preferred ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
DENMARK— 5.3% | ||||||||
Utilities — 5.3% | ||||||||
Orsted | 45,143 | $ | 6,592,800 | |||||
FRANCE— 3.4% | ||||||||
Utilities — 3.4% | ||||||||
Albioma | 21,457 | 971,209 | ||||||
Neoen * | 72,069 | 3,301,970 | ||||||
TOTAL FRANCE | 4,273,179 | |||||||
GERMANY— 1.5% | ||||||||
Utilities — 1.5% | ||||||||
Encavis (A) | 93,774 | 1,807,297 | ||||||
GREECE— 1.0% | ||||||||
Utilities — 1.0% | ||||||||
Terna Energy | 78,496 | 1,181,173 | ||||||
INDIA— 0.6% | ||||||||
Utilities — 0.6% | ||||||||
Azure Power Global * | 32,385 | 754,247 | ||||||
ISRAEL— 2.0% | ||||||||
Utilities — 2.0% | ||||||||
Energix-Renewable Energies | 327,035 | 1,289,647 | ||||||
Enlight Renewable Energy * | 557,086 | 1,167,985 | ||||||
TOTAL ISRAEL | 2,457,632 | |||||||
ITALY— 3.7% | ||||||||
Utilities — 3.7% | ||||||||
ERG | 102,039 | 3,053,677 | ||||||
Falck Renewables | 198,243 | 1,450,966 | ||||||
TOTAL ITALY | 4,504,643 | |||||||
JAPAN— 2.2% | ||||||||
Utilities — 2.2% | ||||||||
RENOVA * | 52,536 | 1,655,794 | ||||||
West Holdings | 31,080 | 1,015,101 | ||||||
TOTAL JAPAN | 2,670,895 |
101
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperIncome™ Preferred ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
NEW ZEALAND— 10.9% | ||||||||
Utilities — 10.9% | ||||||||
Contact Energy | 486,750 | $ | 2,633,290 | |||||
Mercury NZ | 919,222 | 4,577,214 | ||||||
Meridian Energy | 1,657,614 | 6,339,163 | ||||||
TOTAL NEW ZEALAND | 13,549,667 | |||||||
NORWAY— 2.3% | ||||||||
Utilities — 2.3% | ||||||||
Scatec | 107,448 | 2,903,406 | ||||||
RUSSIA— 2.6% | ||||||||
Utilities — 2.6% | ||||||||
RusHydro PJSC | 298,264,973 | 3,258,513 | ||||||
SPAIN— 9.5% | ||||||||
Utilities — 9.5% | ||||||||
Atlantica Sustainable Infrastructure | 72,410 | 2,791,406 | ||||||
EDP Renovaveis | 307,226 | 7,330,226 | ||||||
Solaria Energia y Medio Ambiente * | 84,733 | 1,739,643 | ||||||
TOTAL SPAIN | 11,861,275 | |||||||
THAILAND— 6.4% | ||||||||
Utilities — 6.4% | ||||||||
Absolute Clean Energy NVDR (A) | 6,874,716 | 821,323 | ||||||
BCPG NVDR | 1,785,074 | 814,068 | ||||||
Energy Absolute NVDR | 2,518,305 | 4,933,491 | ||||||
Gunkul Engineering NVDR | 5,974,699 | 805,901 | ||||||
Super Energy NVDR (A) | 18,434,338 | 562,429 | ||||||
TOTAL THAILAND | 7,937,212 | |||||||
UNITED KINGDOM— 1.2% | ||||||||
Utilities — 1.2% | ||||||||
Drax Group | 268,643 | 1,519,779 | ||||||
UNITED STATES— 12.0% | ||||||||
Energy — 2.7% | ||||||||
Enviva Partners | 26,912 | 1,325,416 |
102
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperIncome™ Preferred ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Gevo * (A) | 83,146 | $ | 563,730 | |||||
Renewable Energy Group * | 26,697 | 1,482,217 | ||||||
3,371,363 | ||||||||
Industrials — 4.1% | ||||||||
Sunrun * | 104,793 | 5,134,857 | ||||||
Utilities — 5.2% | ||||||||
NextEra Energy Partners | 49,579 | 3,696,114 | ||||||
Ormat Technologies | 37,910 | 2,744,684 | ||||||
6,440,798 | ||||||||
TOTAL UNITED STATES | 14,947,018 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $124,764,082) | 116,583,896 | |||||||
MASTER LIMITED PARTNERSHIP — 5.9% | ||||||||
CANADA— 5.9% | ||||||||
Utilities — 5.9% | ||||||||
Brookfield Renewable Partners, Cl A (Cost $5,807,904) | 185,738 | 7,296,958 | ||||||
SHORT-TERM INVESTMENT(B)(C) — 0.8% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010% | ||||||||
(Cost $990,254) | 990,254 | 990,254 | ||||||
103
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X SuperIncome™ Preferred ETF |
Face Amount | Value | |||||||
REPURCHASE AGREEMENT(B) — 1.1% | ||||||||
BNP Paribas | ||||||||
0.000%, dated 04/30/21, to be repurchased on 05/01/21 , repurchase price $1,381,641 (collateralized by U.S. Treasury Obligations, ranging in par value $33,756 - $198,317, 1.500%, 02/15/2030, with a total market value of $1,409,654) (Cost $1,381,641) | $ | 1,381,641 | $ | 1,381,641 | ||||
TOTAL INVESTMENTS — 101.6% | ||||||||
(Cost $132,943,881) | $ | 126,252,749 |
Percentages are based on Net Assets of $124,236,858.
† | Formerly Global X YieldCo & Renewable Energy Income ETF (see Note 1). |
* | Non-income producing security. |
(A) | This security or a partial position of this security is on loan at April 30, 2021. The total value of securities on loan at April 30, 2021 was $2,223,515. |
(B) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2021, was $2,371,895. |
(C) | The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2021. |
Cl — Class
NVDR — Non-Voting Depositary Receipt
PJSC — Public Joint Stock Company
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 116,583,896 | $ | — | $ | — | $ | 116,583,896 | ||||||||
Master Limited Partnership | 7,296,958 | — | — | 7,296,958 | ||||||||||||
Short-Term Investment | 990,254 | — | — | 990,254 | ||||||||||||
Repurchase Agreement | — | 1,381,641 | — | 1,381,641 | ||||||||||||
Total Investments in Securities | $ | 124,871,108 | $ | 1,381,641 | $ | — | $ | 126,252,749 |
For the period ended April 30, 2021, there have been no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
104
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Catholic Values ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 99.8% | ||||||||
UNITED KINGDOM— 0.4% | ||||||||
Materials — 0.4% | ||||||||
Linde | 8,051 | $ | 2,301,299 | |||||
UNITED STATES— 99.4% | ||||||||
Communication Services — 11.2% | ||||||||
Activision Blizzard | 11,983 | 1,092,730 | ||||||
Alphabet, Cl A * | 4,577 | 10,771,971 | ||||||
Alphabet, Cl C * | 4,353 | 10,491,252 | ||||||
AT&T | 108,909 | 3,420,832 | ||||||
Charter Communications, Cl A * | 2,077 | 1,398,755 | ||||||
Comcast, Cl A | 69,798 | 3,919,157 | ||||||
Discovery, Cl A * | 2,447 | 92,154 | ||||||
Discovery, Cl C * | 5,263 | 170,048 | ||||||
DISH Network, Cl A * | 3,879 | 173,740 | ||||||
Electronic Arts | 4,570 | 649,306 | ||||||
Facebook, Cl A * | 36,781 | 11,956,768 | ||||||
Fox, Cl A | 5,416 | 202,667 | ||||||
Fox, Cl B | 2,476 | 90,077 |
105
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Catholic Values ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Communication Services — continued | ||||||||
Interpublic Group | 6,154 | $ | 195,390 | |||||
Live Nation Entertainment * | 1,852 | 151,642 | ||||||
Lumen Technologies | 15,278 | 196,017 | ||||||
Netflix * | 6,695 | 3,437,682 | ||||||
News, Cl A | 6,051 | 158,506 | ||||||
News, Cl B | 1,871 | 45,484 | ||||||
Omnicom Group | 3,543 | 291,447 | ||||||
Take-Two Interactive Software * | 1,766 | 309,721 | ||||||
T-Mobile US * | 8,894 | 1,175,164 | ||||||
Twitter * | 11,738 | 648,172 | ||||||
Verizon Communications | 62,905 | 3,635,279 | ||||||
ViacomCBS, Cl B | 8,704 | 357,038 | ||||||
Walt Disney * | 27,463 | 5,108,666 | ||||||
60,139,665 | ||||||||
Consumer Discretionary — 12.6% | ||||||||
Advance Auto Parts | 1,085 | 217,174 | ||||||
Amazon.com * | 6,550 | 22,711,600 | ||||||
Aptiv * | 4,174 | 600,597 | ||||||
AutoZone * | 340 | 497,801 | ||||||
Best Buy | 3,575 | 415,665 | ||||||
Booking Holdings * | 658 | 1,622,681 | ||||||
BorgWarner | 3,271 | 158,905 | ||||||
CarMax * | 2,745 | 365,744 | ||||||
Carnival * | 11,056 | 309,126 | ||||||
Chipotle Mexican Grill, Cl A * | 382 | 569,955 | ||||||
Darden Restaurants | 1,965 | 288,305 | ||||||
Dollar General | 3,750 | 805,313 | ||||||
Dollar Tree * | 3,765 | 432,599 | ||||||
Domino’s Pizza | 578 | 244,113 | ||||||
DR Horton | 5,333 | 524,180 | ||||||
eBay | 10,063 | 561,415 | ||||||
Etsy * | 1,897 | 377,105 | ||||||
Expedia Group * | 2,050 | 361,272 |
106
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Catholic Values ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Discretionary — continued | ||||||||
Ford Motor * | 61,823 | $ | 713,437 | |||||
Gap * | 3,407 | 112,772 | ||||||
Garmin | 1,976 | 271,186 | ||||||
General Motors * | 20,113 | 1,150,866 | ||||||
Genuine Parts | 2,325 | 290,555 | ||||||
Hanesbrands | 5,777 | 121,664 | ||||||
Hasbro | 1,906 | 189,552 | ||||||
Hilton Worldwide Holdings * | 4,529 | 582,882 | ||||||
Home Depot | 16,783 | 5,432,153 | ||||||
L Brands * | 3,714 | 244,753 | ||||||
Las Vegas Sands * | 5,271 | 322,901 | ||||||
Leggett & Platt | 2,102 | 104,406 | ||||||
Lennar, Cl A | 4,431 | 459,051 | ||||||
LKQ * | 4,849 | 226,497 | ||||||
Lowe’s | 11,080 | 2,174,450 | ||||||
Marriott International, Cl A * | 4,305 | 639,379 | ||||||
McDonald’s | 11,331 | 2,675,021 | ||||||
Mohawk Industries * | 999 | 205,295 | ||||||
NIKE, Cl B | 19,530 | 2,590,068 | ||||||
Norwegian Cruise Line Holdings * | 3,538 | 109,855 | ||||||
NVR * | 46 | 230,833 | ||||||
O’Reilly Automotive * | 1,215 | 671,749 | ||||||
Pool | 600 | 253,512 | ||||||
PulteGroup | 4,338 | 256,463 | ||||||
PVH * | 1,268 | 143,512 | ||||||
Ralph Lauren, Cl A * | 870 | 115,962 | ||||||
Ross Stores | 5,693 | 745,441 | ||||||
Starbucks | 18,550 | 2,123,789 | ||||||
Tapestry * | 4,463 | 213,555 | ||||||
Target | 7,683 | 1,592,378 | ||||||
Tesla * | 11,714 | 8,310,380 | ||||||
TJX | 19,086 | 1,355,106 | ||||||
Tractor Supply | 1,953 | 368,336 |
107
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Catholic Values ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Discretionary — continued | ||||||||
Ulta Beauty * | 872 | $ | 287,193 | |||||
Under Armour, Cl A * | 2,960 | 71,958 | ||||||
Under Armour, Cl C * | 3,015 | 60,029 | ||||||
VF | 5,147 | 451,186 | ||||||
Whirlpool | 990 | 234,086 | ||||||
Wynn Resorts * | 1,587 | 203,771 | ||||||
Yum! Brands | 4,876 | 582,780 | ||||||
67,952,312 | ||||||||
Consumer Staples — 5.9% | ||||||||
Altria Group | 56,569 | 2,701,170 | ||||||
Archer-Daniels-Midland | 16,476 | 1,040,130 | ||||||
Brown-Forman, Cl B | 5,456 | 416,184 | ||||||
Campbell Soup | 5,573 | 266,111 | ||||||
Clorox | 3,704 | 675,980 | ||||||
Coca-Cola | 118,958 | 6,421,352 | ||||||
Conagra Brands | 15,623 | 579,457 | ||||||
Constellation Brands, Cl A | 4,984 | 1,197,755 | ||||||
Costco Wholesale | 13,536 | 5,036,610 | ||||||
Estee Lauder, Cl A | 6,848 | 2,148,902 | ||||||
General Mills | 17,961 | 1,093,105 | ||||||
Hormel Foods | 8,813 | 407,161 | ||||||
J M Smucker | 3,644 | 477,328 | ||||||
Kellogg | 8,087 | 504,791 | ||||||
Kimberly-Clark | 10,236 | 1,364,664 | ||||||
Kraft Heinz | 18,858 | 778,647 | ||||||
Kroger | 23,488 | 858,252 | ||||||
Lamb Weston Holdings | 4,685 | 377,143 | ||||||
McCormick | 7,720 | 697,579 | ||||||
Molson Coors Beverage, Cl B * | 6,033 | 331,513 | ||||||
Monster Beverage * | 11,347 | 1,101,226 | ||||||
Sysco | 15,570 | 1,319,246 | ||||||
Tyson Foods, Cl A | 8,727 | 675,906 |
108
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Catholic Values ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Staples — continued | ||||||||
Walgreens Boots Alliance | 22,409 | $ | 1,189,918 | |||||
31,660,130 | ||||||||
Energy — 2.7% | ||||||||
APA | 5,977 | 119,540 | ||||||
Baker Hughes, Cl A | 11,046 | 221,804 | ||||||
Cabot Oil & Gas | 6,887 | 114,806 | ||||||
Chevron | 29,394 | 3,029,640 | ||||||
ConocoPhillips | 21,798 | 1,114,750 | ||||||
Devon Energy | 6,544 | 152,999 | ||||||
Diamondback Energy | 2,402 | 196,315 | ||||||
EOG Resources | 8,943 | 658,563 | ||||||
Exxon Mobil | 65,448 | 3,746,244 | ||||||
Halliburton | 13,741 | 268,774 | ||||||
Hess | 4,096 | 305,193 | ||||||
HollyFrontier | 2,496 | 87,360 | ||||||
Kinder Morgan | 30,290 | 516,445 | ||||||
Marathon Oil | 13,018 | 146,583 | ||||||
Marathon Petroleum | 10,256 | 570,746 | ||||||
NOV * | 6,040 | 90,298 | ||||||
Occidental Petroleum | 13,779 | 349,435 | ||||||
ONEOK | 6,415 | 335,761 | ||||||
Phillips 66 | 7,113 | 575,513 | ||||||
Pioneer Natural Resources | 2,856 | 439,338 | ||||||
Schlumberger | 21,352 | 577,571 | ||||||
Valero Energy | 6,376 | 471,569 | ||||||
Williams | 19,006 | 462,986 | ||||||
14,552,233 | ||||||||
Financials — 11.6% | ||||||||
Aflac | 9,771 | 524,996 | ||||||
Allstate | 5,025 | 637,170 | ||||||
American Express | 9,918 | 1,520,925 | ||||||
American International Group | 13,373 | 647,922 | ||||||
Ameriprise Financial | 1,761 | 455,042 |
109
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Catholic Values ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — continued | ||||||||
Aon, Cl A | 3,659 | $ | 920,019 | |||||
Arthur J Gallagher | 2,850 | 413,108 | ||||||
Assurant | 910 | 141,596 | ||||||
Bank of America | 115,509 | 4,681,579 | ||||||
Bank of New York Mellon | 13,303 | 663,554 | ||||||
Berkshire Hathaway, Cl B * | 28,790 | 7,915,810 | ||||||
BlackRock, Cl A | 2,107 | 1,726,265 | ||||||
Capital One Financial | 7,257 | 1,081,874 | ||||||
Cboe Global Markets | 1,753 | 182,961 | ||||||
Charles Schwab | 22,743 | 1,601,107 | ||||||
Chubb | 7,062 | 1,211,768 | ||||||
Cincinnati Financial | 2,348 | 264,573 | ||||||
Citigroup | 31,882 | 2,271,274 | ||||||
Citizens Financial Group | 7,184 | 332,476 | ||||||
CME Group, Cl A | 5,523 | 1,115,591 | ||||||
Comerica | 2,344 | 176,175 | ||||||
Discover Financial Services | 4,964 | 565,896 | ||||||
Everest Re Group | 646 | 178,910 | ||||||
Fifth Third Bancorp | 10,750 | 435,805 | ||||||
First Republic Bank | 2,570 | 470,927 | ||||||
Franklin Resources | 4,655 | 139,650 | ||||||
Globe Life | 1,619 | 165,931 | ||||||
Goldman Sachs Group | 5,022 | 1,749,917 | ||||||
Hartford Financial Services Group | 5,514 | 363,703 | ||||||
Huntington Bancshares | 16,669 | 255,369 | ||||||
Intercontinental Exchange | 8,713 | 1,025,607 | ||||||
Invesco | 6,286 | 169,722 | ||||||
JPMorgan Chase | 46,416 | 7,139,244 | ||||||
KeyCorp | 15,670 | 340,979 | ||||||
Lincoln National | 3,213 | 206,050 | ||||||
Loews | 4,163 | 232,087 | ||||||
M&T Bank | 2,105 | 331,937 | ||||||
MarketAxess Holdings | 570 | 278,422 |
110
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Catholic Values ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — continued | ||||||||
Marsh & McLennan | 7,792 | $ | 1,057,374 | |||||
MetLife | 12,000 | 763,560 | ||||||
Moody’s | 2,592 | 846,832 | ||||||
Morgan Stanley | 22,150 | 1,828,484 | ||||||
MSCI, Cl A | 1,281 | 622,271 | ||||||
Nasdaq | 1,815 | 293,195 | ||||||
Northern Trust | 3,354 | 381,685 | ||||||
People’s United Financial | 5,862 | 106,278 | ||||||
PNC Financial Services Group | 6,418 | 1,199,845 | ||||||
Principal Financial Group | 4,124 | 263,400 | ||||||
Progressive | 9,194 | 926,204 | ||||||
Prudential Financial | 6,244 | 626,648 | ||||||
Raymond James Financial | 1,957 | 255,936 | ||||||
Regions Financial | 15,327 | 334,129 | ||||||
S&P Global | 3,803 | 1,484,653 | ||||||
State Street | 5,718 | 480,026 | ||||||
SVB Financial Group * | 844 | 482,625 | ||||||
Synchrony Financial | 9,573 | 418,723 | ||||||
T Rowe Price Group | 3,592 | 643,686 | ||||||
Travelers | 4,106 | 635,034 | ||||||
Truist Financial | 20,893 | 1,239,164 | ||||||
Unum Group | 3,415 | 96,508 | ||||||
US Bancorp | 20,554 | 1,219,880 | ||||||
W R Berkley | 1,892 | 150,830 | ||||||
Wells Fargo | 61,650 | 2,777,333 | ||||||
Willis Towers Watson | 2,054 | 531,698 | ||||||
Zions Bancorp | 2,940 | 164,052 | ||||||
62,365,994 | ||||||||
Health Care — 12.6% | ||||||||
ABIOMED * | 1,589 | 509,640 | ||||||
Alexion Pharmaceuticals * | 8,319 | 1,403,249 | ||||||
Align Technology * | 2,742 | 1,632,943 | ||||||
AmerisourceBergen, Cl A | 5,266 | 636,133 |
111
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Catholic Values ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — continued | ||||||||
Anthem | 9,563 | $ | 3,628,106 | |||||
Baxter International | 19,091 | 1,635,908 | ||||||
Boston Scientific * | 54,329 | 2,368,744 | ||||||
Cardinal Health | 10,425 | 629,045 | ||||||
Cerner | 11,240 | 843,562 | ||||||
Cigna | 13,947 | 3,472,942 | ||||||
CVS Health | 50,793 | 3,880,584 | ||||||
DaVita * | 2,758 | 321,390 | ||||||
DENTSPLY SIRONA | 7,515 | 507,338 | ||||||
DexCom * | 3,606 | 1,392,277 | ||||||
Edwards Lifesciences * | 23,585 | 2,252,839 | ||||||
Eli Lilly | 30,924 | 5,651,980 | ||||||
Gilead Sciences | 48,551 | 3,081,532 | ||||||
Henry Schein * | 5,052 | 366,270 | ||||||
Hologic * | 9,363 | 613,745 | ||||||
Humana | 5,020 | 2,235,105 | ||||||
IDEXX Laboratories * | 3,252 | 1,785,315 | ||||||
Incyte * | 6,765 | 577,596 | ||||||
Intuitive Surgical * | 4,541 | 3,927,965 | ||||||
IQVIA Holdings * | 7,142 | 1,676,155 | ||||||
Laboratory Corp of America Holdings * | 3,542 | 941,712 | ||||||
McKesson | 5,993 | 1,124,047 | ||||||
Medtronic | 52,441 | 6,865,575 | ||||||
Mettler-Toledo International * | 880 | 1,155,722 | ||||||
Quest Diagnostics | 4,820 | 635,662 | ||||||
ResMed | 5,373 | 1,009,963 | ||||||
STERIS | 3,043 | 642,134 | ||||||
Stryker | 12,626 | 3,315,966 | ||||||
Teleflex | 1,687 | 712,724 | ||||||
Waters * | 2,340 | 701,696 | ||||||
West Pharmaceutical Services | 2,711 | 890,618 | ||||||
Zimmer Biomet Holdings | 7,870 | 1,394,249 |
112
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Catholic Values ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — continued | ||||||||
Zoetis, Cl A | 18,134 | $ | 3,137,726 | |||||
67,558,157 | ||||||||
Industrials — 8.7% | ||||||||
3M | 11,742 | 2,314,817 | ||||||
Alaska Air Group * | 2,902 | 200,644 | ||||||
Allegion | 2,256 | 303,161 | ||||||
American Airlines Group * | 11,427 | 248,194 | ||||||
AMETEK | 4,365 | 588,969 | ||||||
AO Smith | 3,297 | 223,372 | ||||||
Carrier Global | 17,100 | 745,218 | ||||||
Caterpillar | 10,996 | 2,508,298 | ||||||
CH Robinson Worldwide | 3,064 | 297,453 | ||||||
Cintas | 1,751 | 604,340 | ||||||
Copart * | 4,249 | 529,043 | ||||||
CSX | 15,840 | 1,595,880 | ||||||
Cummins | 3,158 | 795,942 | ||||||
Deere | 6,326 | 2,345,997 | ||||||
Delta Air Lines * | 12,013 | 563,650 | ||||||
Dover | 3,259 | 486,210 | ||||||
Eaton | 8,615 | 1,231,342 | ||||||
Emerson Electric | 12,890 | 1,166,416 | ||||||
Equifax | 2,476 | 567,573 | ||||||
Expeditors International of Washington | 3,836 | 421,423 | ||||||
Fastenal | 12,202 | 637,920 | ||||||
FedEx | 5,169 | 1,500,612 | ||||||
Fortive | 6,466 | 457,922 | ||||||
Fortune Brands Home & Security | 2,425 | 254,577 | ||||||
Howmet Aerospace * | 9,721 | 310,683 | ||||||
IDEX | 1,767 | 396,161 | ||||||
IHS Markit | 7,312 | 786,626 | ||||||
Illinois Tool Works | 5,808 | 1,338,512 | ||||||
Ingersoll Rand * | 7,035 | 347,599 | ||||||
JB Hunt Transport Services | 2,049 | 349,785 |
113
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Catholic Values ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — continued | ||||||||
Johnson Controls International | 15,863 | $ | 988,899 | |||||
Kansas City Southern | 1,735 | 506,984 | ||||||
Masco | 5,175 | 330,579 | ||||||
Nielsen Holdings | 8,165 | 209,432 | ||||||
Norfolk Southern | 5,256 | 1,467,685 | ||||||
Old Dominion Freight Line | 1,981 | 510,722 | ||||||
Otis Worldwide | 8,665 | 674,744 | ||||||
PACCAR | 7,186 | 645,878 | ||||||
Parker-Hannifin | 2,658 | 834,107 | ||||||
Pentair | 3,882 | 250,428 | ||||||
Quanta Services | 3,499 | 338,143 | ||||||
Republic Services, Cl A | 4,842 | 514,705 | ||||||
Robert Half International | 2,936 | 257,223 | ||||||
Rockwell Automation | 2,219 | 586,393 | ||||||
Rollins | 4,962 | 184,983 | ||||||
Roper Technologies | 2,265 | 1,011,187 | ||||||
Snap-On | 1,299 | 308,642 | ||||||
Southwest Airlines * | 11,718 | 735,657 | ||||||
Stanley Black & Decker | 3,171 | 655,668 | ||||||
Teledyne Technologies * | 645 | 288,799 | ||||||
Trane Technologies | 4,913 | 854,027 | ||||||
TransDigm Group * | 1,066 | 654,247 | ||||||
Union Pacific | 13,892 | 3,085,275 | ||||||
United Airlines Holdings * | 5,376 | 292,454 | ||||||
United Parcel Service, Cl B | 14,860 | 3,029,360 | ||||||
United Rentals * | 1,370 | 438,332 | ||||||
Verisk Analytics, Cl A | 3,137 | 590,383 | ||||||
Waste Management | 8,400 | 1,158,948 | ||||||
Westinghouse Air Brake Technologies | 4,199 | 344,612 | ||||||
WW Grainger | 1,031 | 446,980 | ||||||
Xylem | 3,358 | 371,563 | ||||||
46,685,378 |
114
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Catholic Values ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — 26.7% | ||||||||
Accenture, Cl A | 9,894 | $ | 2,868,963 | |||||
Adobe * | 7,307 | 3,714,439 | ||||||
Advanced Micro Devices * | 18,838 | 1,537,558 | ||||||
Akamai Technologies * | 2,605 | 283,164 | ||||||
Amphenol, Cl A | 9,180 | 618,181 | ||||||
Analog Devices | 5,808 | 889,553 | ||||||
ANSYS * | 1,295 | 473,530 | ||||||
Apple | 240,418 | 31,605,350 | ||||||
Applied Materials | 13,589 | 1,803,396 | ||||||
Arista Networks * | 850 | 267,895 | ||||||
Autodesk * | 3,465 | 1,011,468 | ||||||
Automatic Data Processing | 6,730 | 1,258,443 | ||||||
Broadcom | 6,163 | 2,811,561 | ||||||
Broadridge Financial Solutions | 1,893 | 300,287 | ||||||
Cadence Design Systems * | 4,392 | 578,734 | ||||||
CDW | 2,262 | 403,382 | ||||||
Cisco Systems | 64,195 | 3,268,167 | ||||||
Citrix Systems | 1,967 | 243,613 | ||||||
Cognizant Technology Solutions, Cl A | 8,752 | 703,661 | ||||||
DXC Technology * | 4,073 | 134,042 | ||||||
Enphase Energy * | 1,679 | 233,801 | ||||||
F5 Networks * | 996 | 186,013 | ||||||
Fidelity National Information Services | 9,772 | 1,494,139 | ||||||
Fiserv * | 8,692 | 1,044,083 | ||||||
FleetCor Technologies * | 1,314 | 378,064 | ||||||
FLIR Systems | 2,166 | 129,895 | ||||||
Fortinet * | 2,309 | 471,567 | ||||||
Gartner * | 1,462 | 286,377 | ||||||
Global Payments | 4,663 | 1,000,820 | ||||||
Hewlett Packard Enterprise | 20,834 | 333,761 | ||||||
HP | 19,433 | 662,860 | ||||||
Intel | 62,835 | 3,614,898 | ||||||
International Business Machines | 13,818 | 1,960,498 |
115
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Catholic Values ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — continued | ||||||||
Intuit | 4,042 | $ | 1,665,951 | |||||
IPG Photonics * | 627 | 136,128 | ||||||
Jack Henry & Associates | 1,261 | 205,329 | ||||||
Juniper Networks | 5,597 | 142,108 | ||||||
Keysight Technologies * | 3,006 | 433,916 | ||||||
KLA | 2,509 | 791,213 | ||||||
Lam Research | 2,194 | 1,361,267 | ||||||
Leidos Holdings | 2,303 | 233,248 | ||||||
Mastercard, Cl A | 13,502 | 5,158,573 | ||||||
Maxim Integrated Products * | 4,173 | 392,262 | ||||||
Microchip Technology | 3,782 | 568,397 | ||||||
Micron Technology * | 17,317 | 1,490,474 | ||||||
Microsoft | 114,881 | 28,970,690 | ||||||
Monolithic Power Systems | 532 | 192,254 | ||||||
Motorola Solutions | 2,627 | 494,664 | ||||||
NetApp | 3,705 | 276,726 | ||||||
NortonLifeLock | 9,623 | 207,953 | ||||||
NVIDIA | 9,425 | 5,658,581 | ||||||
Oracle | 29,049 | 2,201,624 | ||||||
Paychex | 5,089 | 496,127 | ||||||
Paycom Software * | 716 | 275,238 | ||||||
PayPal Holdings * | 17,818 | 4,673,482 | ||||||
Qorvo * | 1,947 | 366,367 | ||||||
QUALCOMM | 17,028 | 2,363,486 | ||||||
salesforce.com * | 14,136 | 3,255,803 | ||||||
Seagate Technology | 3,793 | 352,142 | ||||||
ServiceNow * | 2,957 | 1,497,336 | ||||||
Skyworks Solutions | 2,781 | 504,279 | ||||||
Synopsys * | 2,362 | 583,556 | ||||||
TE Connectivity | 5,215 | 701,262 | ||||||
Teradyne | 2,458 | 307,447 | ||||||
Texas Instruments | 14,065 | 2,538,873 | ||||||
Trimble * | 3,252 | 266,664 |
116
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Catholic Values ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — continued | ||||||||
Tyler Technologies * | 500 | $ | 212,430 | |||||
VeriSign * | 1,617 | 353,751 | ||||||
Visa, Cl A | 25,792 | 6,023,979 | ||||||
Western Digital * | 4,690 | 331,255 | ||||||
Western Union | 7,142 | 183,978 | ||||||
Xilinx * | 4,004 | 512,352 | ||||||
Zebra Technologies, Cl A * | 769 | 375,072 | ||||||
143,328,400 | ||||||||
Materials — 2.3% | ||||||||
Air Products & Chemicals | 3,359 | 969,004 | ||||||
Albemarle | 1,740 | 292,616 | ||||||
Amcor | 23,825 | 279,944 | ||||||
Avery Dennison | 1,299 | 278,207 | ||||||
Ball | 5,184 | 485,430 | ||||||
Celanese, Cl A | 1,920 | 300,768 | ||||||
CF Industries Holdings | 3,562 | 173,220 | ||||||
Corteva | 11,571 | 564,202 | ||||||
Dow | 11,542 | 721,375 | ||||||
DuPont de Nemours | 8,192 | 631,685 | ||||||
Eastman Chemical | 2,175 | 250,973 | ||||||
Ecolab | 3,891 | 872,051 | ||||||
FMC | 2,114 | 249,959 | ||||||
Freeport-McMoRan Copper & Gold | 23,320 | 879,397 | ||||||
International Flavors & Fragrances | 3,799 | 540,104 | ||||||
International Paper | 6,207 | 360,006 | ||||||
LyondellBasell Industries, Cl A | 3,860 | 400,436 | ||||||
Martin Marietta Materials | 1,036 | 365,832 | ||||||
Mosaic | 5,540 | 194,897 | ||||||
Newmont | 12,783 | 797,787 | ||||||
Nucor | 4,768 | 392,216 | ||||||
Packaging Corp of America | 1,462 | 215,864 | ||||||
PPG Industries | 3,626 | 620,916 | ||||||
Sealed Air | 2,336 | 115,398 |
117
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Catholic Values ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Materials — continued | ||||||||
Sherwin-Williams | 3,759 | $ | 1,029,478 | |||||
Vulcan Materials | 2,063 | 367,709 | ||||||
Westrock | 4,024 | 224,338 | ||||||
12,573,812 | ||||||||
Real Estate — 2.5% | ||||||||
Alexandria Real Estate Equities ‡ | 1,819 | 329,421 | ||||||
American Tower, Cl A ‡ | 6,937 | 1,767,339 | ||||||
AvalonBay Communities ‡ | 2,179 | 418,368 | ||||||
Boston Properties ‡ | 2,379 | 260,144 | ||||||
CBRE Group, Cl A * | 4,943 | 421,144 | ||||||
Crown Castle International ‡ | 6,911 | 1,306,594 | ||||||
Digital Realty Trust ‡ | 4,134 | 637,918 | ||||||
Duke Realty ‡ | 5,579 | 259,535 | ||||||
Equinix ‡ | 1,357 | 978,071 | ||||||
Equity Residential ‡ | 5,701 | 423,185 | ||||||
Essex Property Trust ‡ | 1,064 | 309,113 | ||||||
Extra Space Storage ‡ | 2,009 | 298,718 | ||||||
Federal Realty Investment Trust ‡ | 1,086 | 122,544 | ||||||
Host Hotels & Resorts ‡ * | 11,543 | 209,621 | ||||||
Iron Mountain ‡ | 4,261 | 170,951 | ||||||
Kimco Realty ‡ | 6,688 | 140,448 | ||||||
Mid-America Apartment Communities ‡ | 1,739 | 273,597 | ||||||
ProLogis ‡ | 11,529 | 1,343,474 | ||||||
Public Storage ‡ | 2,361 | 663,819 | ||||||
Realty Income ‡ | 5,382 | 372,165 | ||||||
Regency Centers ‡ | 2,463 | 156,795 | ||||||
SBA Communications, Cl A ‡ | 1,780 | 533,502 | ||||||
Simon Property Group ‡ | 4,800 | 584,352 | ||||||
UDR ‡ | 4,377 | 203,312 | ||||||
Vornado Realty Trust ‡ | 2,663 | 121,832 | ||||||
Welltower ‡ | 6,587 | 494,223 | ||||||
Weyerhaeuser ‡ | 11,824 | 458,416 | ||||||
13,258,601 |
118
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Catholic Values ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Utilities — 2.6% | ||||||||
AES | 10,382 | $ | 288,827 | |||||
Alliant Energy | 3,705 | 208,110 | ||||||
Ameren | 3,830 | 324,937 | ||||||
American Electric Power | 7,754 | 687,857 | ||||||
American Water Works | 2,811 | 438,488 | ||||||
Atmos Energy | 1,809 | 187,394 | ||||||
CenterPoint Energy | 7,766 | 190,189 | ||||||
CMS Energy | 4,451 | 286,600 | ||||||
Consolidated Edison | 4,988 | 386,121 | ||||||
Dominion Energy | 12,612 | 1,007,699 | ||||||
DTE Energy | 2,884 | 403,818 | ||||||
Duke Energy | 11,277 | 1,135,481 | ||||||
Edison International | 5,335 | 317,166 | ||||||
Entergy | 2,951 | 322,515 | ||||||
Evergy | 3,764 | 240,783 | ||||||
Eversource Energy | 5,024 | 433,169 | ||||||
Exelon | 14,944 | 671,583 | ||||||
FirstEnergy | 8,010 | 303,739 | ||||||
NextEra Energy | 29,901 | 2,317,628 | ||||||
NiSource | 5,572 | 144,983 | ||||||
NRG Energy | 4,140 | 148,295 | ||||||
Pinnacle West Capital | 1,740 | 147,291 | ||||||
PPL | 11,245 | 327,567 | ||||||
Public Service Enterprise Group | 7,965 | 503,069 | ||||||
Sempra Energy | 4,265 | 586,736 | ||||||
Southern | 16,033 | 1,060,904 | ||||||
WEC Energy Group | 4,933 | 479,340 | ||||||
Xcel Energy | 8,124 | 579,241 | ||||||
14,129,530 |
119
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P 500® Catholic Values ETF |
Value | ||||
COMMON STOCK — continued | ||||
TOTAL UNITED STATES | $ | 534,204,212 | ||
TOTAL INVESTMENTS — 99.8% | ||||
(Cost $377,662,063) | $ | 536,505,511 |
Percentages are based on Net Assets of $537,795,826.
* | Non-income producing security. |
‡ | Real Estate Investment Trust |
Cl — Class
S&P — Standard & Poor’s
As of April 30, 2021, 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.
For the period ended April 30, 2021, there have been no transfers in or out of Level 3.
120
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P Catholic Values Developed ex-US ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments.
Shares | Value | |||||||
COMMON STOCK — 99.2% | ||||||||
AUSTRALIA— 10.8% | ||||||||
Communication Services — 0.1% | ||||||||
REA Group | 9 | $ | 1,101 | |||||
Telstra | 946 | 2,477 | ||||||
TPG Telecom | 22 | 94 | ||||||
3,672 | ||||||||
Consumer Discretionary — 0.5% | ||||||||
Aristocrat Leisure | 142 | 4,077 | ||||||
Wesfarmers | 254 | 10,616 | ||||||
14,693 | ||||||||
Consumer Staples — 0.6% | ||||||||
Coles Group | 484 | 6,101 | ||||||
Woolworths Group | 472 | 14,329 | ||||||
20,430 | ||||||||
Energy — 0.2% | ||||||||
Origin Energy | 390 | 1,253 | ||||||
Santos | 392 | 2,113 | ||||||
Woodside Petroleum | 212 | 3,744 | ||||||
7,110 |
121
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P Catholic Values Developed ex-US ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — 2.8% | ||||||||
ASX | 42 | $ | 2,368 | |||||
Australia & New Zealand Banking Group | 629 | 13,964 | ||||||
Commonwealth Bank of Australia | 391 | 26,893 | ||||||
Insurance Australia Group | 512 | 1,938 | ||||||
Macquarie Group | 75 | 9,298 | ||||||
National Australia Bank | 729 | 15,013 | ||||||
QBE Insurance Group | 324 | 2,468 | ||||||
Suncorp Group | 278 | 2,257 | ||||||
Westpac Banking | 800 | 15,437 | ||||||
89,636 | ||||||||
Health Care — 2.8% | ||||||||
Cochlear | 51 | 8,765 | ||||||
CSL | 339 | 71,006 | ||||||
Sonic Healthcare | 366 | 10,144 | ||||||
89,915 | ||||||||
Industrials — 0.4% | ||||||||
Brambles | 362 | 2,908 | ||||||
Sydney Airport * | 264 | 1,262 | ||||||
Transurban Group | 737 | 8,067 | ||||||
12,237 | ||||||||
Information Technology — 0.2% | ||||||||
Afterpay * | 59 | 5,362 | ||||||
Materials — 2.8% | ||||||||
BHP Group | 478 | 14,457 | ||||||
BHP Group | 666 | 24,539 | ||||||
Fortescue Metals Group | 382 | 6,666 | ||||||
Glencore * | 2,472 | 10,104 | ||||||
Newcrest Mining | 182 | 3,728 | ||||||
Rio Tinto | 84 | 7,861 | ||||||
Rio Tinto | 250 | 21,031 | ||||||
South32 | 1,096 | 2,438 | ||||||
90,824 | ||||||||
Real Estate — 0.3% | ||||||||
Dexus ‡ | 242 | 1,901 |
122
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P Catholic Values Developed ex-US ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Real Estate — continued | ||||||||
Goodman Group ‡ | 370 | $ | 5,405 | |||||
Scentre Group ‡ | 1,148 | 2,412 | ||||||
9,718 | ||||||||
Utilities — 0.1% | ||||||||
AGL Energy | 138 | 952 | ||||||
APA Group | 215 | 1,666 | ||||||
2,618 | ||||||||
TOTAL AUSTRALIA | 346,215 | |||||||
AUSTRIA— 0.2% | ||||||||
Communication Services — 0.0% | ||||||||
Telekom Austria, Cl A | 32 | 262 | ||||||
Energy — 0.0% | ||||||||
OMV | 32 | 1,580 | ||||||
Financials — 0.1% | ||||||||
BAWAG Group * | 16 | 866 | ||||||
Erste Group Bank | 66 | 2,352 | ||||||
Raiffeisen Bank International | 30 | 657 | ||||||
3,875 | ||||||||
Industrials — 0.1% | ||||||||
ANDRITZ | 18 | 979 | ||||||
Immobilien Anlagen | 16 | 702 | ||||||
Strabag | 1 | 40 | ||||||
1,721 | ||||||||
Information Technology — 0.0% | ||||||||
AMS * | 62 | 1,076 | ||||||
Materials — 0.0% | ||||||||
Mayr Melnhof Karton | 1 | 208 | ||||||
voestalpine | 26 | 1,130 | ||||||
1,338 | ||||||||
Real Estate — 0.0% | ||||||||
Verbund | 16 | 1,316 | ||||||
TOTAL AUSTRIA | 11,168 |
123
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P Catholic Values Developed ex-US ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
BELGIUM— 1.6% | ||||||||
Consumer Discretionary — 0.1% | ||||||||
Ageas | 40 | $ | 2,425 | |||||
Consumer Staples — 0.7% | ||||||||
Anheuser-Busch InBev | 319 | 22,592 | ||||||
Financials — 0.3% | ||||||||
Groupe Bruxelles Lambert | 27 | 2,957 | ||||||
KBC Group | 76 | 5,912 | ||||||
Sofina | 4 | 1,522 | ||||||
10,391 | ||||||||
Health Care — 0.4% | ||||||||
Galapagos * | 39 | 3,047 | ||||||
UCB | 97 | 8,998 | ||||||
12,045 | ||||||||
Materials — 0.1% | ||||||||
Solvay | 16 | 2,038 | ||||||
Umicore | 38 | 2,313 | ||||||
4,351 | ||||||||
TOTAL BELGIUM | 51,804 | |||||||
BRAZIL— 0.1% | ||||||||
Materials — 0.1% | ||||||||
Yara International | 40 | 2,093 | ||||||
CHINA— 0.9% | ||||||||
Consumer Discretionary — 0.3% | ||||||||
Prosus | 94 | 10,210 | ||||||
Consumer Staples — 0.2% | ||||||||
Budweiser Brewing APAC | 700 | 2,213 | ||||||
Wilmar International | 1,000 | 3,924 | ||||||
6,137 | ||||||||
Financials — 0.1% | ||||||||
BOC Hong Kong Holdings | 800 | 2,822 | ||||||
Health Care — 0.3% | ||||||||
Alibaba Health Information Technology * | 3,190 | 9,734 |
124
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P Catholic Values Developed ex-US ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
TOTAL CHINA | $ | 28,903 | ||||||
DENMARK— 2.0% | ||||||||
Consumer Staples — 0.2% | ||||||||
Carlsberg, Cl B | 40 | 7,029 | ||||||
Health Care — 0.5% | ||||||||
Coloplast, Cl B | 90 | 14,911 | ||||||
Industrials — 1.0% | ||||||||
AP Moller - Maersk, Cl B | 2 | 4,976 | ||||||
AP Moller - Maersk, Cl A | 1 | 2,355 | ||||||
DSV PANALPINA | 54 | 12,058 | ||||||
Vestas Wind Systems | 265 | 11,076 | ||||||
30,465 | ||||||||
Materials — 0.1% | ||||||||
Novozymes, Cl B | 48 | 3,421 | ||||||
Utilities — 0.2% | ||||||||
Orsted | 42 | 6,134 | ||||||
TOTAL DENMARK | 61,960 | |||||||
FINLAND— 1.3% | ||||||||
Energy — 0.2% | ||||||||
Neste | 96 | 5,824 | ||||||
Financials — 0.4% | ||||||||
Nordea Bank Abp | 790 | 8,218 | ||||||
Sampo, Cl A | 110 | 5,232 | ||||||
13,450 | ||||||||
Industrials — 0.3% | ||||||||
Kone, Cl B | 106 | 8,337 | ||||||
Information Technology — 0.2% | ||||||||
Nokia * | 1,280 | 6,075 | ||||||
Materials — 0.1% | ||||||||
Stora Enso, Cl R | 138 | 2,646 | ||||||
Utilities — 0.1% | ||||||||
Fortum | 96 | 2,525 |
125
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P Catholic Values Developed ex-US ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
TOTAL FINLAND | $ | 38,857 | ||||||
FRANCE— 9.3% | ||||||||
Communication Services — 0.5% | ||||||||
Adevinta, Cl B * | 52 | 954 | ||||||
Orange | 504 | 6,280 | ||||||
Vivendi | 213 | 7,436 | ||||||
14,670 | ||||||||
Consumer Discretionary — 1.1% | ||||||||
Christian Dior | 1 | 735 | ||||||
EssilorLuxottica | 66 | 10,996 | ||||||
Hermes International | 8 | 10,054 | ||||||
Kering | 17 | 13,640 | ||||||
35,425 | ||||||||
Consumer Staples — 1.1% | ||||||||
Danone | 257 | 18,139 | ||||||
Pernod Ricard | 75 | 15,412 | ||||||
33,551 | ||||||||
Energy — 0.8% | ||||||||
Total | 552 | 24,470 | ||||||
Financials — 2.4% | ||||||||
AXA | 460 | 13,027 | ||||||
BNP Paribas | 255 | 16,389 | ||||||
LVMH Moet Hennessy Louis Vuitton | 62 | 46,737 | ||||||
76,153 | ||||||||
Industrials — 1.3% | ||||||||
Credit Agricole | 280 | 4,339 | ||||||
Schneider Electric | 139 | 22,258 | ||||||
Vinci | 122 | 13,423 | ||||||
40,020 | ||||||||
Information Technology — 0.2% | ||||||||
Dassault Systemes | 32 | 7,433 | ||||||
Materials — 1.7% | ||||||||
Air Liquide | 107 | 18,048 |
126
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P Catholic Values Developed ex-US ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Materials — continued | ||||||||
L’Oreal | 91 | $ | 37,427 | |||||
55,475 | ||||||||
Utilities — 0.2% | ||||||||
Electricite de France | 102 | 1,488 | ||||||
Engie | 410 | 6,105 | ||||||
7,593 | ||||||||
TOTAL FRANCE | 294,790 | |||||||
GERMANY— 7.1% | ||||||||
Communication Services — 0.5% | ||||||||
Deutsche Telekom | 788 | 15,178 | ||||||
Consumer Discretionary — 1.9% | ||||||||
adidas | 42 | 12,986 | ||||||
Allianz | 92 | 23,966 | ||||||
Bayerische Motoren Werke | 72 | 7,229 | ||||||
Daimler | 187 | 16,670 | ||||||
60,851 | ||||||||
Consumer Staples — 0.3% | ||||||||
Beiersdorf | 37 | 4,182 | ||||||
Henkel & KGaA | 42 | 4,181 | ||||||
8,363 | ||||||||
Financials — 0.5% | ||||||||
Deutsche Boerse | 42 | 7,245 | ||||||
Muenchener Rueckversicherungs-Gesellschaft in Muenchen | 31 | 8,981 | ||||||
16,226 | ||||||||
Health Care — 0.8% | ||||||||
Fresenius Medical Care & KGaA | 154 | 12,265 | ||||||
Siemens Healthineers | 211 | 12,060 | ||||||
24,325 | ||||||||
Industrials — 0.6% | ||||||||
Deutsche Post | 254 | 14,969 | ||||||
Siemens Energy * | 99 | 3,313 | ||||||
18,282 |
127
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P Catholic Values Developed ex-US ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — 1.5% | ||||||||
Infineon Technologies | 296 | $ | 11,960 | |||||
SAP | 257 | 36,123 | ||||||
48,083 | ||||||||
Materials — 0.5% | ||||||||
BASF | 208 | 16,796 | ||||||
Real Estate — 0.3% | ||||||||
Vonovia | 125 | 8,222 | ||||||
Utilities — 0.2% | ||||||||
E.ON | 484 | 5,842 | ||||||
TOTAL GERMANY | 222,168 | |||||||
HONG KONG— 2.9% | ||||||||
Financials — 1.7% | ||||||||
AIA Group | 2,720 | 34,635 | ||||||
Hang Seng Bank | 180 | 3,534 | ||||||
Hong Kong Exchanges & Clearing | 264 | 15,976 | ||||||
54,145 | ||||||||
Industrials — 0.5% | ||||||||
Jardine Matheson Holdings | 71 | 4,774 | ||||||
MTR | 400 | 2,230 | ||||||
Techtronic Industries | 450 | 8,204 | ||||||
15,208 | ||||||||
Real Estate — 0.5% | ||||||||
CK Asset Holdings | 600 | 3,766 | ||||||
Henderson Land Development | 400 | 1,779 | ||||||
Link REIT ‡ | 500 | 4,728 | ||||||
Sun Hung Kai Properties | 310 | 4,682 | ||||||
14,955 | ||||||||
Utilities — 0.2% | ||||||||
CLP Holdings | 400 | 3,947 | ||||||
Hong Kong & China Gas | 2,200 | 3,530 | ||||||
7,477 | ||||||||
TOTAL HONG KONG | 91,785 |
128
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P Catholic Values Developed ex-US ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
IRELAND— 0.9% | ||||||||
Consumer Discretionary — 0.2% | ||||||||
Flutter Entertainment * | 36 | $ | 7,361 | |||||
Consumer Staples — 0.2% | ||||||||
Kerry Group, Cl A | 56 | 7,267 | ||||||
Industrials — 0.2% | ||||||||
Kingspan Group | 36 | 3,210 | ||||||
Ryanair Holdings * | 130 | 2,645 | ||||||
5,855 | ||||||||
Materials — 0.3% | ||||||||
CRH | 178 | 8,406 | ||||||
TOTAL IRELAND | 28,889 | |||||||
ISRAEL— 0.5% | ||||||||
Communication Services — 0.0% | ||||||||
Bezeq The Israeli Telecommunication * | 125 | 136 | ||||||
Consumer Discretionary — 0.0% | ||||||||
Fiverr International * | 5 | 1,040 | ||||||
Financials — 0.2% | ||||||||
Bank Hapoalim * | 248 | 1,980 | ||||||
Bank Leumi Le-Israel * | 324 | 2,286 | ||||||
First International Bank of Israel * | 1 | 31 | ||||||
Israel Discount Bank, Cl A * | 258 | 1,168 | ||||||
Mizrahi Tefahot Bank * | 30 | 846 | ||||||
Plus500 | 5 | 98 | ||||||
6,409 | ||||||||
Industrials — 0.0% | ||||||||
Kornit Digital * | 14 | 1,369 | ||||||
Shapir Engineering and Industry | 1 | 7 | ||||||
1,376 | ||||||||
Information Technology — 0.3% | ||||||||
Check Point Software Technologies * | 26 | 3,037 | ||||||
Nice * | 14 | 3,388 |
129
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P Catholic Values Developed ex-US ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — continued | ||||||||
Wix.com * | 12 | $ | 3,815 | |||||
10,240 | ||||||||
Materials — 0.0% | ||||||||
ICL Group | 156 | 1,003 | ||||||
Real Estate — 0.0% | ||||||||
Azrieli Group | 8 | 564 | ||||||
Strauss Group | 6 | 176 | ||||||
740 | ||||||||
Utilities — 0.0% | ||||||||
Energix-Renewable Energies | 1 | 4 | ||||||
TOTAL ISRAEL | 20,948 | |||||||
ITALY— 2.0% | ||||||||
Consumer Discretionary — 0.2% | ||||||||
Ferrari | 28 | 6,005 | ||||||
Consumer Staples — 0.0% | ||||||||
Davide Campari-Milano | 127 | 1,500 | ||||||
Energy — 0.2% | ||||||||
Eni | 562 | 6,718 | ||||||
Financials — 0.7% | ||||||||
Assicurazioni Generali | 272 | 5,463 | ||||||
Intesa Sanpaolo | 3,945 | 11,022 | ||||||
Poste Italiane | 102 | 1,338 | ||||||
UniCredit | 468 | 4,824 | ||||||
22,647 | ||||||||
Health Care — 0.1% | ||||||||
Recordati | 80 | 4,415 | ||||||
Industrials — 0.1% | ||||||||
Atlantia * | 112 | 2,188 | ||||||
Utilities — 0.7% | ||||||||
Enel | 1,681 | 16,729 | ||||||
Snam | 480 | 2,704 | ||||||
Terna Rete Elettrica Nazionale | 310 | 2,288 | ||||||
21,721 |
130
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P Catholic Values Developed ex-US ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
TOTAL ITALY | $ | 65,194 | ||||||
JAPAN— 30.7% | ||||||||
Communication Services — 2.8% | ||||||||
Dentsu Group * | 56 | 1,721 | ||||||
KDDI | 396 | 11,977 | ||||||
Nexon | 104 | 3,449 | ||||||
Nintendo | 29 | 16,632 | ||||||
Nippon Telegraph & Telephone | 332 | 8,368 | ||||||
SoftBank | 400 | 5,158 | ||||||
SoftBank Group | 406 | 36,717 | ||||||
Toho | 32 | 1,274 | ||||||
Z Holdings | 600 | 2,772 | ||||||
88,068 | ||||||||
Consumer Discretionary — 5.4% | ||||||||
Aisin | 40 | 1,541 | ||||||
Bandai Namco Holdings | 50 | 3,671 | ||||||
Bridgestone | 138 | 5,526 | ||||||
Denso | 116 | 7,491 | ||||||
Fast Retailing | 14 | 11,490 | ||||||
Hikari Tsushin | 4 | 805 | ||||||
Honda Motor | 400 | 11,827 | ||||||
Isuzu Motors | 100 | 1,012 | ||||||
Koito Manufacturing | 28 | 1,745 | ||||||
Nissan Motor * | 600 | 3,006 | ||||||
Nitori Holdings | 18 | 3,229 | ||||||
Oriental Land | 50 | 7,079 | ||||||
Pan Pacific International Holdings | 134 | 2,887 | ||||||
Panasonic | 560 | 6,604 | ||||||
Rakuten Group * | 200 | 2,542 | ||||||
Sekisui Chemical | 102 | 1,775 | ||||||
Sekisui House | 160 | 3,234 | ||||||
Sharp | 46 | 777 |
131
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P Catholic Values Developed ex-US ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Discretionary — continued | ||||||||
Shimano | 20 | $ | 4,581 | |||||
Sony Group | 297 | 29,617 | ||||||
Subaru | 142 | 2,634 | ||||||
Sumitomo Electric Industries | 200 | 2,975 | ||||||
Suzuki Motor | 104 | 3,946 | ||||||
Toyota Industries | 46 | 3,682 | ||||||
Toyota Motor | 590 | 43,867 | ||||||
Yamaha | 38 | 2,069 | ||||||
ZOZO | 44 | 1,485 | ||||||
171,097 | ||||||||
Consumer Staples — 2.6% | ||||||||
Aeon | 340 | 9,277 | ||||||
Asahi Group Holdings | 190 | 7,935 | ||||||
Kao | 180 | 11,539 | ||||||
Kirin Holdings | 320 | 6,003 | ||||||
Kobe Bussan | 30 | 802 | ||||||
Kose | 14 | 2,108 | ||||||
MEIJI Holdings | 60 | 3,716 | ||||||
Nissin Foods Holdings | 36 | 2,552 | ||||||
Seven & i Holdings | 334 | 14,359 | ||||||
Shiseido | 148 | 10,735 | ||||||
Suntory Beverage & Food | 54 | 1,823 | ||||||
Unicharm | 160 | 6,213 | ||||||
Welcia Holdings | 30 | 936 | ||||||
Yakult Honsha | 68 | 3,310 | ||||||
81,308 | ||||||||
Energy — 0.2% | ||||||||
ENEOS Holdings | 800 | 3,449 | ||||||
Idemitsu Kosan | 54 | 1,293 | ||||||
Inpex | 200 | 1,365 | ||||||
6,107 | ||||||||
Financials — 2.5% | ||||||||
Acom | 200 | 858 |
132
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P Catholic Values Developed ex-US ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — continued | ||||||||
Ajinomoto | 220 | $ | 4,401 | |||||
Dai-ichi Life Holdings | 300 | 5,394 | ||||||
Daiwa Securities Group | 400 | 2,130 | ||||||
Japan Exchange Group | 118 | 2,765 | ||||||
Japan Post Bank | 90 | 822 | ||||||
Japan Post Insurance | 56 | 1,079 | ||||||
Mitsubishi UFJ Financial Group | 2,800 | 14,806 | ||||||
Mizuho Financial Group | 560 | 7,864 | ||||||
MS&AD Insurance Group Holdings | 108 | 3,058 | ||||||
Nomura Holdings | 700 | 3,759 | ||||||
ORIX | 300 | 4,824 | ||||||
Resona Holdings | 500 | 2,054 | ||||||
Sompo Holdings | 82 | 3,046 | ||||||
Sumitomo Mitsui Financial Group | 304 | 10,574 | ||||||
Sumitomo Mitsui Trust Holdings | 82 | 2,791 | ||||||
T&D Holdings | 100 | 1,225 | ||||||
Tokio Marine Holdings | 156 | 7,464 | ||||||
78,914 | ||||||||
Health Care — 5.2% | ||||||||
Hoya | 280 | 31,854 | ||||||
Kyowa Kirin | 200 | 6,075 | ||||||
M3 | 324 | 22,459 | ||||||
Otsuka Holdings | 420 | 16,142 | ||||||
Santen Pharmaceutical | 300 | 3,843 | ||||||
Shionogi | 210 | 11,041 | ||||||
Sysmex | 130 | 12,993 | ||||||
Takeda Pharmaceutical | 1,190 | 39,574 | ||||||
Terumo | 544 | 20,565 | ||||||
164,546 | ||||||||
Industrials — 6.5% | ||||||||
AGC | 54 | 2,460 | ||||||
ANA Holdings * | 28 | 642 | ||||||
Central Japan Railway | 50 | 7,312 |
133
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P Catholic Values Developed ex-US ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — continued | ||||||||
Dai Nippon Printing | 72 | $ | 1,430 | |||||
Daifuku | 30 | 2,970 | ||||||
Daikin Industries | 70 | 14,044 | ||||||
East Japan Railway | 90 | 6,158 | ||||||
FANUC | 46 | 10,595 | ||||||
Hankyu Hanshin Holdings | 60 | 1,888 | ||||||
ITOCHU | 350 | 10,912 | ||||||
Japan Airlines * | 26 | 552 | ||||||
Kajima | 100 | 1,382 | ||||||
Keio | 30 | 1,949 | ||||||
Kintetsu Group Holdings * | 46 | 1,648 | ||||||
Komatsu | 240 | 7,037 | ||||||
Kubota | 300 | 7,054 | ||||||
Makita | 66 | 2,968 | ||||||
Marubeni | 400 | 3,325 | ||||||
Minebea | 102 | 2,558 | ||||||
MISUMI Group | 68 | 1,916 | ||||||
Mitsubishi | 370 | 10,223 | ||||||
Mitsubishi Electric | 562 | 8,648 | ||||||
Mitsubishi Heavy Industries | 80 | 2,376 | ||||||
Mitsui | 400 | 8,430 | ||||||
Monotaro | 80 | 2,042 | ||||||
Nidec | 140 | 16,209 | ||||||
Nihon M&A Center | 60 | 1,572 | ||||||
Obayashi | 200 | 1,824 | ||||||
Odakyu Electric Railway | 80 | 2,163 | ||||||
Recruit Holdings | 440 | 19,882 | ||||||
Secom | 52 | 4,318 | ||||||
SG Holdings | 116 | 2,636 | ||||||
Shimizu | 200 | 1,638 | ||||||
SMC | 16 | 9,288 | ||||||
Sumitomo | 300 | 4,084 | ||||||
Taisei | 54 | 1,991 |
134
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P Catholic Values Developed ex-US ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — continued | ||||||||
Tobu Railway | 50 | $ | 1,285 | |||||
Tokyu | 170 | 2,185 | ||||||
Toshiba | 102 | 4,213 | ||||||
TOTO | 38 | 1,971 | ||||||
Toyota Tsusho | 56 | 2,367 | ||||||
West Japan Railway | 46 | 2,539 | ||||||
Yamato Holdings | 98 | 2,766 | ||||||
Yaskawa Electric | 64 | 2,951 | ||||||
206,401 | ||||||||
Information Technology — 3.4% | ||||||||
Advantest | 46 | 4,368 | ||||||
Canon | 260 | 6,192 | ||||||
Disco | 10 | 3,239 | ||||||
Fujitsu | 44 | 7,006 | ||||||
GMO Payment Gateway | 10 | 1,276 | ||||||
Itochu Techno-Solutions | 10 | 347 | ||||||
Keyence | 42 | 20,180 | ||||||
Kyocera | 80 | 4,857 | ||||||
Lasertec | 20 | 3,539 | ||||||
Murata Manufacturing | 146 | 11,625 | ||||||
NEC | 60 | 3,491 | ||||||
Nomura Research Institute | 88 | 2,709 | ||||||
NTT Data | 200 | 3,107 | ||||||
Obic | 16 | 3,093 | ||||||
Omron | 46 | 3,489 | ||||||
Oracle Japan * | 8 | 750 | ||||||
Otsuka | 20 | 1,008 | ||||||
Renesas Electronics * | 200 | 2,333 | ||||||
Rohm | 22 | 2,180 | ||||||
Shimadzu | 62 | 2,170 | ||||||
TDK | 30 | 4,076 | ||||||
Tokyo Electron | 36 | 15,914 |
135
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P Catholic Values Developed ex-US ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — continued | ||||||||
Trend Micro * | 28 | $ | 1,332 | |||||
108,281 | ||||||||
Materials — 1.2% | ||||||||
Asahi Kasei | 300 | 3,160 | ||||||
Kansai Paint | 58 | 1,461 | ||||||
Nippon Paint Holdings | 370 | 5,287 | ||||||
Nippon Sanso Holdings | 48 | 902 | ||||||
Nippon Steel | 200 | 3,489 | ||||||
Nitto Denko | 36 | 2,984 | ||||||
Shin-Etsu Chemical | 94 | 15,867 | ||||||
Sumitomo Metal Mining | 62 | 2,631 | ||||||
Toray Industries | 400 | 2,486 | ||||||
38,267 | ||||||||
Real Estate — 0.7% | ||||||||
Daiwa House Industry | 160 | 4,735 | ||||||
Hulic | 100 | 1,138 | ||||||
Mitsubishi Estate | 288 | 4,731 | ||||||
Mitsui Fudosan | 200 | 4,336 | ||||||
Nippon Prologis REIT ‡ | 1 | 3,211 | ||||||
Nomura Real Estate Master Fund ‡ | 1 | 1,581 | ||||||
Sumitomo Realty & Development | 106 | 3,529 | ||||||
23,261 | ||||||||
Utilities — 0.2% | ||||||||
Chubu Electric Power | 180 | 2,175 | ||||||
Kansai Electric Power | 200 | 1,980 | ||||||
Osaka Gas | 92 | 1,774 | ||||||
Tokyo Gas | 86 | 1,741 | ||||||
7,670 | ||||||||
TOTAL JAPAN | 973,920 | |||||||
LUXEMBOURG— 0.1% | ||||||||
Communication Services — 0.0% | ||||||||
RTL Group | 8 | 471 |
136
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P Catholic Values Developed ex-US ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Communication Services — continued | ||||||||
SES, Cl A | 88 | $ | 668 | |||||
1,139 | ||||||||
Materials — 0.1% | ||||||||
ArcelorMittal | 162 | 4,729 | ||||||
TOTAL LUXEMBOURG | 5,868 | |||||||
MACAO— 0.2% | ||||||||
Consumer Discretionary — 0.2% | ||||||||
Galaxy Entertainment Group * | 520 | 4,579 | ||||||
Sands China * | 600 | 2,851 | ||||||
TOTAL MACAO | 7,430 | |||||||
NETHERLANDS— 5.8% | ||||||||
Consumer Staples — 0.7% | ||||||||
Heineken | 87 | 10,100 | ||||||
Koninklijke Ahold Delhaize | 408 | 10,997 | ||||||
21,097 | ||||||||
Energy — 1.0% | ||||||||
Royal Dutch Shell, Cl A | 892 | 16,858 | ||||||
Royal Dutch Shell, Cl B | 804 | 14,460 | ||||||
31,318 | ||||||||
Financials — 0.4% | ||||||||
EXOR | 22 | 1,809 | ||||||
ING Groep | 834 | 10,672 | ||||||
12,481 | ||||||||
Health Care — 1.2% | ||||||||
Koninklijke Philips | 681 | 38,432 | ||||||
Information Technology — 2.5% | ||||||||
Adyen * | 7 | 17,203 | ||||||
ASML Holding | 98 | 63,847 | ||||||
81,050 | ||||||||
TOTAL NETHERLANDS | 184,378 |
137
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P Catholic Values Developed ex-US ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
NEW ZEALAND— 0.7% | ||||||||
Communication Services — 0.0% | ||||||||
Spark New Zealand | 418 | $ | 1,320 | |||||
Consumer Staples — 0.1% | ||||||||
a2 Milk * | 310 | 1,701 | ||||||
Health Care — 0.4% | ||||||||
Fisher & Paykel Healthcare | 441 | 11,375 | ||||||
Ryman Healthcare | 276 | 2,810 | ||||||
14,185 | ||||||||
Industrials — 0.0% | ||||||||
Auckland International Airport * | 284 | 1,547 | ||||||
Information Technology — 0.1% | ||||||||
Xero * | 24 | 2,624 | ||||||
Utilities — 0.1% | ||||||||
Contact Energy | 158 | 855 | ||||||
Mercury NZ | 138 | 687 | ||||||
Meridian Energy | 278 | 1,063 | ||||||
2,605 | ||||||||
TOTAL NEW ZEALAND | 23,982 | |||||||
NORWAY— 1.0% | ||||||||
Communication Services — 0.1% | ||||||||
Schibsted, Cl A | 18 | 909 | ||||||
Schibsted, Cl B | 24 | 1,054 | ||||||
Telenor | 148 | 2,644 | ||||||
4,607 | ||||||||
Consumer Staples — 0.3% | ||||||||
Leroy Seafood Group | 118 | 1,086 | ||||||
Mowi | 188 | 4,652 | ||||||
Orkla | 340 | 3,477 | ||||||
Salmar | 22 | 1,530 | ||||||
10,745 | ||||||||
Energy — 0.2% | ||||||||
Aker BP | 24 | 690 |
138
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P Catholic Values Developed ex-US ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Energy — continued | ||||||||
Equinor | 244 | $ | 4,978 | |||||
5,668 | ||||||||
Financials — 0.2% | ||||||||
Aker, Cl A | 6 | 449 | ||||||
DnB | 200 | 4,310 | ||||||
Gjensidige Forsikring | 42 | 958 | ||||||
5,717 | ||||||||
Industrials — 0.1% | ||||||||
NEL, Cl A * | 60 | 175 | ||||||
TOMRA Systems | 38 | 1,906 | ||||||
2,081 | ||||||||
Materials — 0.1% | ||||||||
Norsk Hydro | 308 | 1,971 | ||||||
TOTAL NORWAY | 30,789 | |||||||
POLAND— 0.0% | ||||||||
Consumer Discretionary — 0.0% | ||||||||
Allegro.eu * | 68 | 1,044 | ||||||
PORTUGAL— 0.2% | ||||||||
Consumer Staples — 0.1% | ||||||||
Jeronimo Martins | 102 | 1,865 | ||||||
Utilities — 0.1% | ||||||||
Energias de Portugal | 566 | 3,149 | ||||||
TOTAL PORTUGAL | 5,014 | |||||||
SINGAPORE— 1.1% | ||||||||
Communication Services — 0.1% | ||||||||
Singapore Telecommunications | 1,800 | 3,382 | ||||||
Consumer Discretionary — 0.0% | ||||||||
Genting Singapore | 1,200 | 780 | ||||||
Financials — 0.8% | ||||||||
City Developments | 100 | 593 | ||||||
DBS Group Holdings | 400 | 8,993 | ||||||
Oversea-Chinese Banking | 900 | 8,253 | ||||||
Singapore Exchange | 200 | 1,571 |
139
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P Catholic Values Developed ex-US ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — continued | ||||||||
United Overseas Bank | 321 | $ | 6,416 | |||||
25,826 | ||||||||
Industrials — 0.1% | ||||||||
Keppel | 400 | 1,630 | ||||||
Singapore Airlines * | 400 | 1,521 | ||||||
Singapore Technologies Engineering | 400 | 1,161 | ||||||
4,312 | ||||||||
Real Estate — 0.1% | ||||||||
Ascendas Real Estate Investment Trust ‡ | 622 | 1,454 | ||||||
CapitaLand | 600 | 1,678 | ||||||
3,132 | ||||||||
TOTAL SINGAPORE | 37,432 | |||||||
SOUTH AFRICA— 0.4% | ||||||||
Materials — 0.4% | ||||||||
Anglo American | 308 | 13,092 | ||||||
SPAIN— 2.4% | ||||||||
Communication Services — 0.4% | ||||||||
Cellnex Telecom * | 134 | 7,588 | ||||||
Telefonica | 1,256 | 5,826 | ||||||
13,414 | ||||||||
Consumer Discretionary — 0.3% | ||||||||
Industria de Diseno Textil | 263 | 9,378 | ||||||
Financials — 0.7% | ||||||||
Banco Bilbao Vizcaya Argentaria * | 1,474 | 8,287 | ||||||
Banco Santander * | 3,944 | 15,264 | ||||||
23,551 | ||||||||
Industrials — 0.1% | ||||||||
Aena SME * | 18 | 3,135 | ||||||
Information Technology — 0.2% | ||||||||
Amadeus IT Group, Cl A * | 102 | 6,962 | ||||||
Utilities — 0.7% | ||||||||
EDP Renovaveis | 57 | 1,360 | ||||||
Endesa | 70 | 1,842 |
140
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P Catholic Values Developed ex-US ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Utilities — continued | ||||||||
Iberdrola | 1,328 | $ | 17,961 | |||||
Naturgy Energy Group | 74 | 1,900 | ||||||
23,063 | ||||||||
TOTAL SPAIN | 79,503 | |||||||
SWEDEN— 4.1% | ||||||||
Communication Services — 0.1% | ||||||||
Tele2, Cl B | 114 | 1,474 | ||||||
Telia | 576 | 2,387 | ||||||
3,861 | ||||||||
Consumer Discretionary — 0.2% | ||||||||
Evolution Gaming Group | 39 | 7,712 | ||||||
Consumer Staples — 0.5% | ||||||||
Essity, Cl B | 231 | 7,548 | ||||||
ICA Gruppen | 38 | 1,753 | ||||||
Swedish Match * | 61 | 5,009 | ||||||
14,310 | ||||||||
Energy — 0.0% | ||||||||
Lundin Energy | 42 | 1,347 | ||||||
Financials — 0.9% | ||||||||
Industrivarden, Cl A | 36 | 1,383 | ||||||
Industrivarden, Cl C | 36 | 1,301 | ||||||
Investor, Cl A | 24 | 2,043 | ||||||
Investor, Cl B | 101 | 8,587 | ||||||
Kinnevik * | 54 | 2,989 | ||||||
L E Lundbergforetagen, Cl B | 14 | 801 | ||||||
Skandinaviska Enskilda Banken, Cl A | 356 | 4,575 | ||||||
Skandinaviska Enskilda Banken, Cl C | 4 | 51 | ||||||
Svenska Handelsbanken, Cl A | 336 | 3,901 | ||||||
Svenska Handelsbanken, Cl B | 8 | 98 | ||||||
Swedbank, Cl A | 206 | 3,624 | ||||||
29,353 | ||||||||
Industrials — 1.5% | ||||||||
Alfa Laval | 72 | 2,439 |
141
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P Catholic Values Developed ex-US ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — continued | ||||||||
Assa Abloy, Cl B | 266 | $ | 7,591 | |||||
Atlas Copco, Cl A | 169 | 10,253 | ||||||
Atlas Copco, Cl B | 94 | 4,886 | ||||||
Epiroc, Cl A | 150 | 3,255 | ||||||
Epiroc, Cl B | 94 | 1,846 | ||||||
Investment Latour, Cl B | 30 | 919 | ||||||
Nibe Industrier, Cl B | 100 | 3,664 | ||||||
Skanska, Cl B | 86 | 2,335 | ||||||
SKF, Cl B | 90 | 2,327 | ||||||
Volvo, Cl B | 392 | 9,589 | ||||||
49,104 | ||||||||
Information Technology — 0.5% | ||||||||
Hexagon, Cl B | 64 | 6,111 | ||||||
Telefonaktiebolaget LM Ericsson, Cl B | 594 | 8,144 | ||||||
14,255 | ||||||||
Materials — 0.4% | ||||||||
Boliden * | 62 | 2,418 | ||||||
Sandvik | 264 | 6,535 | ||||||
Svenska Cellulosa, Cl B | 136 | 2,389 | ||||||
11,342 | ||||||||
TOTAL SWEDEN | 131,284 | |||||||
SWITZERLAND— 3.1% | ||||||||
Consumer Discretionary — 0.4% | ||||||||
Cie Financiere Richemont, Cl A | 116 | 11,910 | ||||||
Financials — 0.8% | ||||||||
UBS Group | 848 | 12,947 | ||||||
Zurich Insurance Group | 33 | 13,557 | ||||||
26,504 | ||||||||
Health Care — 0.9% | ||||||||
Alcon | 375 | 28,165 | ||||||
Industrials — 0.5% | ||||||||
ABB | 494 | 16,059 |
142
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P Catholic Values Developed ex-US ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — 0.2% | ||||||||
STMicroelectronics | 148 | $ | 5,549 | |||||
Materials — 0.3% | ||||||||
Givaudan | 2 | 8,385 | ||||||
TOTAL SWITZERLAND | 96,572 | |||||||
UNITED KINGDOM— 8.9% | ||||||||
Communication Services — 0.7% | ||||||||
BT Group, Cl A * | 1,994 | 4,554 | ||||||
Vodafone Group | 6,557 | 12,420 | ||||||
WPP | 276 | 3,728 | ||||||
20,702 | ||||||||
Consumer Discretionary — 0.4% | ||||||||
Compass Group * | 398 | 8,665 | ||||||
Ocado Group * | 125 | 3,629 | ||||||
12,294 | ||||||||
Consumer Staples — 2.0% | ||||||||
Associated British Foods | 135 | 4,314 | ||||||
Coca-Cola European Partners | 81 | 4,602 | ||||||
Diageo | 883 | 39,745 | ||||||
Imperial Brands | 346 | 7,222 | ||||||
Tesco | 2,866 | 8,769 | ||||||
64,652 | ||||||||
Energy — 0.6% | ||||||||
BP | 4,375 | 18,354 | ||||||
Financials — 2.6% | ||||||||
Aviva | 870 | 4,822 | ||||||
Barclays | 3,604 | 8,757 | ||||||
HSBC Holdings * | 4,556 | 28,562 | ||||||
Legal & General Group | 1,306 | 4,926 | ||||||
Lloyds Banking Group | 15,676 | 9,861 | ||||||
London Stock Exchange Group | 70 | 7,172 | ||||||
Natwest Group | 1,016 | 2,766 | ||||||
Prudential | 601 | 12,769 |
143
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P Catholic Values Developed ex-US ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — continued | ||||||||
Standard Chartered | 586 | $ | 4,216 | |||||
83,851 | ||||||||
Health Care — 0.5% | ||||||||
Smith & Nephew | 672 | 14,612 | ||||||
Industrials — 1.5% | ||||||||
Ashtead Group | 119 | 7,663 | ||||||
CK Hutchison Holdings | 720 | 5,905 | ||||||
CNH Industrial | 236 | 3,514 | ||||||
Experian | 243 | 9,393 | ||||||
Ferguson | 56 | 7,080 | ||||||
RELX | 515 | 13,402 | ||||||
46,957 | ||||||||
Real Estate — 0.1% | ||||||||
Segro ‡ | 236 | 3,285 | ||||||
Utilities — 0.5% | ||||||||
National Grid | 866 | 10,918 | ||||||
SSE | 232 | 4,715 | ||||||
15,633 | ||||||||
TOTAL UNITED KINGDOM | 280,340 | |||||||
UNITED STATES— 0.9% | ||||||||
Communication Services — 0.2% | ||||||||
Spotify Technology * | 28 | 7,059 | ||||||
Consumer Discretionary — 0.3% | ||||||||
Stellantis * | 490 | 8,154 | ||||||
Information Technology — 0.3% | ||||||||
Atlassian, Cl A * | 32 | 7,602 | ||||||
CyberArk Software * | 8 | 1,124 | ||||||
Globant * | 10 | 2,292 | ||||||
11,018 | ||||||||
Materials — 0.1% | ||||||||
Ardagh Group, Cl A | 1 | 27 | ||||||
James Hardie Industries * | 89 | 2,949 | ||||||
2,976 |
144
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X S&P Catholic Values Developed ex-US ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
TOTAL UNITED STATES | $ | 29,207 | ||||||
TOTAL COMMON STOCK | ||||||||
(Cost $2,545,887) | 3,164,629 | |||||||
PREFERRED STOCK — 0.3% | ||||||||
GERMANY— 0.3% | ||||||||
Consumer Discretionary — 0.0% | ||||||||
Bayerische Motoren Werke (A) | 12 | 985 | ||||||
Consumer Staples — 0.3% | ||||||||
Henkel & KGaA (A) | 68 | 7,823 | ||||||
TOTAL GERMANY | 8,808 | |||||||
TOTAL PREFERRED STOCK | ||||||||
(Cost $6,875) | 8,808 | |||||||
TOTAL INVESTMENTS — 99.5% | ||||||||
(Cost $2,552,762) | $ | 3,173,437 |
Percentages are based on Net Assets of $3,189,052.
* | Non-income producing security. |
‡ | Real Estate Investment Trust |
(A) | There is currently no stated interest rate. |
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 3,091,080 | $ | 73,549 | $ | — | $ | 3,164,629 | ||||||||
Preferred Stock | 8,808 | — | — | 8,808 | ||||||||||||
Total Investments in Securities | $ | 3,099,888 | $ | 73,549 | $ | — | $ | 3,173,437 |
For the period ended April 30, 2021, there have been no transfers in or out of Level 3
Amounts designated as “—“ are $0 or have been rounded to $0.
145
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Guru® Index ETF |
Sector Weightings †:
† Sector weightings percentages are based on the total market value of investments. Repurchase agreements purchased from cash collateral received for securities lending activity are included in total investments. Please see Note 2 and 7 in Notes to Financial Statements for more detailed information.
Shares | Value | |||||||
COMMON STOCK — 100.0% | ||||||||
CANADA— 1.2% | ||||||||
Information Technology — 1.2% | ||||||||
Shopify, Cl A * | 765 | $ | 904,620 | |||||
CHINA— 2.2% | ||||||||
Consumer Discretionary — 1.1% | ||||||||
JD.com ADR * | 10,207 | 789,613 | ||||||
Information Technology — 1.1% | ||||||||
GDS Holdings ADR * | 9,523 | 790,123 | ||||||
TOTAL CHINA | 1,579,736 | |||||||
DENMARK— 1.3% | ||||||||
Health Care — 1.3% | ||||||||
Ascendis Pharma ADR * | 6,487 | 940,420 |
146
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Guru® Index ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
TAIWAN— 1.3% | ||||||||
Information Technology — 1.3% | ||||||||
Taiwan Semiconductor Manufacturing ADR | 8,007 | $ | 934,737 | |||||
UNITED KINGDOM— 2.7% | ||||||||
Communication Services — 1.6% | ||||||||
Liberty Global * | 41,995 | 1,136,385 | ||||||
Consumer Discretionary — 1.1% | ||||||||
Farfetch, Cl A * | 16,048 | 786,191 | ||||||
TOTAL UNITED KINGDOM | 1,922,576 | |||||||
UNITED STATES— 91.3% | ||||||||
Communication Services — 7.2% | ||||||||
Charter Communications, Cl A * | 1,749 | 1,177,864 | ||||||
Liberty Broadband, Cl C * | 7,216 | 1,174,188 | ||||||
Netflix * | 1,979 | 1,016,157 | ||||||
T-Mobile US * | 8,994 | 1,188,377 | ||||||
Zillow Group, Cl C * | 5,749 | 748,060 | ||||||
5,304,646 | ||||||||
Consumer Discretionary — 14.1% | ||||||||
Amazon.com * | 330 | 1,144,249 | ||||||
Booking Holdings * | 489 | 1,205,913 | ||||||
eBay | 17,492 | 975,879 | ||||||
Expedia Group * | 7,134 | 1,257,225 | ||||||
Home Depot | 3,932 | 1,272,670 | ||||||
Lithia Motors, Cl A | 2,962 | 1,138,534 | ||||||
Lowe’s | 6,159 | 1,208,704 | ||||||
Tesla * | 1,367 | 969,804 | ||||||
Wayfair, Cl A * | 4,021 | 1,188,487 | ||||||
10,361,465 | ||||||||
Consumer Staples — 6.6% | ||||||||
Albertsons (A) | 67,422 | 1,252,027 | ||||||
Mondelez International, Cl A | 19,866 | 1,208,052 | ||||||
Post Holdings * | 11,013 | 1,253,059 | ||||||
Procter & Gamble | 8,494 | 1,133,269 | ||||||
4,846,407 |
147
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Guru® Index ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Energy — 3.7% | ||||||||
Cheniere Energy * | 15,748 | $ | 1,220,785 | |||||
Texas Pacific Land | 963 | 1,483,164 | ||||||
2,703,949 | ||||||||
Financials — 10.3% | ||||||||
Arch Capital Group * | 30,866 | 1,225,689 | ||||||
Citigroup | 16,968 | 1,208,801 | ||||||
LPL Financial Holdings | 8,289 | 1,298,886 | ||||||
S&P Global | 3,219 | 1,256,666 | ||||||
Wells Fargo | 29,822 | 1,343,481 | ||||||
Willis Towers Watson | 4,746 | 1,228,549 | ||||||
7,562,072 | ||||||||
Health Care — 17.1% | ||||||||
Amicus Therapeutics * | 89,873 | 884,350 | ||||||
Bausch Health * | 34,063 | 1,095,806 | ||||||
Cigna | 5,298 | 1,319,255 | ||||||
Fate Therapeutics * | 10,569 | 923,625 | ||||||
Invitae * (A) | 22,793 | 795,476 | ||||||
Mirati Therapeutics * | 5,467 | 908,725 | ||||||
PerkinElmer | 7,554 | 979,225 | ||||||
QIAGEN * | 19,782 | 952,108 | ||||||
Rocket Pharmaceuticals * | 20,737 | 950,584 | ||||||
Seagen * | 6,869 | 987,488 | ||||||
Tenet Healthcare * | 21,724 | 1,287,364 | ||||||
Turning Point Therapeutics * | 8,761 | 667,851 | ||||||
Viatris, Cl W * | 58,896 | 783,317 | ||||||
12,535,174 | ||||||||
Industrials — 6.3% | ||||||||
Carrier Global | 29,520 | 1,286,482 | ||||||
CoreLogic | 12,447 | 992,026 | ||||||
Otis Worldwide | 17,491 | 1,362,024 | ||||||
Uber Technologies * | 17,939 | 982,519 | ||||||
4,623,051 |
148
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Guru® Index ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — 20.0% | ||||||||
Appian, Cl A * (A) | 5,035 | $ | 610,141 | |||||
Apple | 8,339 | 1,096,245 | ||||||
Dell Technologies, Cl C * | 13,866 | 1,363,444 | ||||||
Elastic * | 6,809 | 821,302 | ||||||
Fiserv * | 9,895 | 1,188,587 | ||||||
Maxim Integrated Products * | 11,410 | 1,072,540 | ||||||
Microsoft | 4,468 | 1,126,740 | ||||||
NortonLifeLock | 51,586 | 1,114,774 | ||||||
PayPal Holdings * | 3,671 | 962,867 | ||||||
Pegasystems | 7,698 | 977,184 | ||||||
SolarWinds * | 65,962 | 1,112,119 | ||||||
Twilio, Cl A * | 2,651 | 975,038 | ||||||
Visa, Cl A | 5,259 | 1,228,292 | ||||||
Zendesk * | 7,111 | 1,039,273 | ||||||
14,688,546 | ||||||||
Materials — 1.7% | ||||||||
Sherwin-Williams | 4,581 | 1,254,598 | ||||||
Real Estate — 1.7% | ||||||||
American Tower, Cl A ‡ | 4,822 | 1,228,501 | ||||||
Utilities — 2.6% | ||||||||
PG&E * | 93,173 | 1,054,718 | ||||||
Vistra | 49,577 | 836,364 | ||||||
1,891,082 | ||||||||
TOTAL UNITED STATES | 66,999,491 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $61,563,058) | 73,281,580 | |||||||
SHORT-TERM INVESTMENT(B)(C) — 1.2% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.010% | ||||||||
(Cost $866,563) | 866,563 | 866,563 |
149
Schedule of Investments | April 30, 2021 (Unaudited) | |
Global X Guru® Index ETF |
Face Amount | Value | |||||||
REPURCHASE AGREEMENT(B) — 1.6% | ||||||||
BNP Paribas | ||||||||
0.000%, dated 04/30/21, to be repurchased on 05/03/21, repurchase price $1,209,062 (collateralized by U.S. Treasury Obligations, ranging in par value $29,540 - $173,546, 1.500%, 02/15/2030, with a total market value of $1,233,580) (Cost $1,209,062) | $ | 1,209,062 | $ | 1,209,062 | ||||
TOTAL INVESTMENTS — 102.8% | ||||||||
(Cost $63,638,683) | $ | 75,357,205 |
Percentages are based on Net Assets of $73,318,056.
ADR — American Depositary Receipt
Cl — Class
S&P — Standard & Poor’s
* | Non-income producing security. |
‡ | Real Estate Investment Trust |
(A) | This security or a partial position of this security is on loan at April 30, 2021. The total value of securities on loan at April 30, 2021 was $1,971,114. |
(B) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2021, was $2,075,625. |
(C) | The rate reported on the Schedule of Investments is the 7-day effective yield as of April 30, 2021. |
The following is a summary of the level of inputs used as of April 30, 2021, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 73,281,580 | $ | — | $ | — | $ | 73,281,580 | ||||||||
Short-Term Investment | 866,563 | — | — | 866,563 | ||||||||||||
Repurchase Agreement | — | 1,209,062 | — | 1,209,062 | ||||||||||||
Total Investments in Securities | $ | 74,148,143 | $ | 1,209,062 | $ | — | $ | 75,357,205 |
For the period ended April 30, 2021, there have been no transfers in or out of Level 3.
Amounts designated as “—“ are $0 or have been rounded to $0.
150
Statements of Assets and Liabilities | ||
April 30, 2021 (Unaudited) |
Global X Social Media ETF | Global X Lithium & Battery Tech ETF | Global X E-commerce ETF | Global X Emerging Markets Internet & E-commerce ETF | |||||||||||||
Assets: | ||||||||||||||||
Cost of Investments | $ | 417,228,434 | $ | 2,570,352,320 | $ | 218,240,742 | $ | 7,146,935 | ||||||||
Cost of Repurchase Agreement | 1,489,945 | 56,205,362 | 2,290,989 | — | ||||||||||||
Cost of Foreign Currency | — | 386,146 | — | — | ||||||||||||
Investments, at Value | $ | 486,747,467 | * | $ | 3,209,829,804 | * | $ | 241,752,901 | * | $ | 7,091,075 | |||||
Repurchase Agreement, at Value | 1,489,945 | 56,205,362 | 2,290,989 | — | ||||||||||||
Cash | 2,352,380 | 2,698,184 | 424,802 | 13,085 | ||||||||||||
Foreign Currency, at Value | — | 386,146 | — | 2 | ||||||||||||
Receivable for Investment Securities Sold | 38,603,859 | — | — | — | ||||||||||||
Dividend and Interest Receivable | 51,217 | 1,742,139 | 46,529 | 160 | ||||||||||||
Receivable for Capital Shares Sold | — | 17,177,985 | — | — | ||||||||||||
Total Assets | 529,244,868 | 3,288,039,620 | 244,515,221 | 7,104,322 | ||||||||||||
Liabilities: | ||||||||||||||||
Obligation to Return Securities Lending Collateral | 1,627,506 | 90,683,598 | 3,932,994 | — | ||||||||||||
Payable for Investment Securities Purchased | 39,797,401 | 17,883,517 | — | — | ||||||||||||
Payable due to Investment Adviser | 243,847 | 1,814,653 | 97,126 | 3,847 | ||||||||||||
Unrealized Depreciation on Spot Contracts | 348 | 6,596 | — | — | ||||||||||||
Total Liabilities | 41,669,102 | 110,388,364 | 4,030,120 | 3,847 | ||||||||||||
Net Assets | $ | 487,575,766 | $ | 3,177,651,256 | $ | 240,485,101 | $ | 7,100,475 | ||||||||
Net Assets Consist of: | ||||||||||||||||
Paid-in Capital | $ | 362,456,677 | $ | 2,695,487,375 | $ | 208,716,973 | $ | 7,266,712 | ||||||||
Total Distributable Earnings/(Loss) | 125,119,089 | 482,163,881 | 31,768,128 | (166,237 | ) | |||||||||||
Net Assets | $ | 487,575,766 | $ | 3,177,651,256 | $ | 240,485,101 | $ | 7,100,475 | ||||||||
Outstanding Shares of Beneficial Interest | ||||||||||||||||
(unlimited authorization — no par value) | 7,050,000 | 49,954,628 | 6,940,002 | 450,000 | ||||||||||||
Net Asset Value, Offering and Redemption Price Per Share | $ | 69.16 | $ | 63.61 | $ | 34.65 | $ | 15.78 | ||||||||
*Includes Market Value of Securities on Loan | $ | 1,132,561 | $ | 86,507,954 | $ | 3,932,277 | $ | — |
151
Statements of Assets and Liabilities | ||
April 30, 2021 (Unaudited) |
Global X SuperDividend® ETF | Global X SuperDividend® U.S. ETF | Global X MSCI SuperDividend® EAFE ETF | Global X MSCI SuperDividend® Emerging Markets ETF | |||||||||||||
Assets: | ||||||||||||||||
Cost of Investments | $ | 852,051,649 | $ | 591,749,402 | $ | 9,991,956 | $ | 33,107,866 | ||||||||
Cost of Repurchase Agreement | 8,170,388 | 5,160,716 | — | — | ||||||||||||
Cost of Foreign Currency | 6,575,082 | — | — | 117,428 | ||||||||||||
Investments, at Value | $ | 929,337,700 | * | $ | 674,173,368 | * | $ | 11,651,505 | $ | 37,356,434 | ||||||
Repurchase Agreement, at Value | 8,170,388 | 5,160,716 | — | — | ||||||||||||
Cash | — | 420,925 | 5,646 | 118,953 | ||||||||||||
Foreign Currency, at Value | 6,546,834 | — | 8,262 | 117,975 | ||||||||||||
Dividend and Interest Receivable | 5,040,213 | 2,398,717 | 61,952 | 128,559 | ||||||||||||
Receivable for Capital Shares Sold | 4,238,510 | — | — | — | ||||||||||||
Reclaim Receivable | 543,375 | 8,115 | 23,288 | 6,604 | ||||||||||||
Unrealized Appreciation on Spot Contracts | — | — | 41 | 37 | ||||||||||||
Total Assets | 953,877,020 | 682,161,841 | 11,750,694 | 37,728,562 | ||||||||||||
Liabilities: | ||||||||||||||||
Obligation to Return Securities Lending Collateral | 14,026,294 | 8,859,521 | — | — | ||||||||||||
Cash Overdraft | 7,475,304 | — | — | — | ||||||||||||
Payable for Investment Securities Purchased | 3,994,267 | — | — | 239,852 | ||||||||||||
Payable due to Investment Adviser | 431,647 | 244,206 | 5,179 | 19,242 | ||||||||||||
Unrealized Depreciation on Spot Contracts | 911 | — | — | — | ||||||||||||
Total Liabilities | 25,928,423 | 9,103,727 | 5,179 | 259,094 | ||||||||||||
Net Assets | $ | 927,948,597 | $ | 673,058,114 | $ | 11,745,515 | $ | 37,469,468 | ||||||||
Net Assets Consist of: | ||||||||||||||||
Paid-in Capital | $ | 1,394,000,839 | $ | 785,000,875 | $ | 12,331,518 | $ | 41,461,861 | ||||||||
Total Distributable Loss | (466,052,242 | ) | (111,942,761 | ) | (586,003 | ) | (3,992,393 | ) | ||||||||
Net Assets | $ | 927,948,597 | $ | 673,058,114 | $ | 11,745,515 | $ | 37,469,468 | ||||||||
Outstanding Shares of Beneficial Interest | ||||||||||||||||
(unlimited authorization — no par value) | 65,680,000 | 34,150,000 | 740,000 | 3,130,000 | ||||||||||||
Net Asset Value, Offering and Redemption Price Per Share | $ | 14.13 | $ | 19.71 | $ | 15.87 | $ | 11.97 | ||||||||
*Includes Market Value of Securities on Loan | $ | 12,448,370 | $ | 8,640,452 | $ | — | $ | — |
152
Statements of Assets and Liabilities | ||
April 30, 2021 (Unaudited) |
Global X SuperDividend® REIT ETF | Global X NASDAQ 100® Covered Call ETF | Global X S&P 500® Covered Call ETF | Global X Russell 2000 Covered Call ETF | |||||||||||||
Assets: | ||||||||||||||||
Cost of Investments | $ | 448,783,146 | $ | 1,835,240,348 | $ | 178,666,284 | $ | 114,230,264 | ||||||||
Cost of Repurchase Agreement | 9,583,417 | — | — | — | ||||||||||||
Investments, at Value | $ | 506,928,788 | * | $ | 2,633,464,372 | $ | 221,155,850 | $ | 127,356,953 | |||||||
Repurchase Agreement, at Value | 9,583,417 | — | — | — | ||||||||||||
Cash | 922,800 | 3,982,123 | 459,649 | 154,241 | ||||||||||||
Foreign Currency, at Value | 1,242 | — | — | — | ||||||||||||
Receivable for Capital Shares Sold | 3,507,616 | 22,537,284 | — | 1,488,244 | ||||||||||||
Dividend and Interest Receivable | 1,352,977 | 363,900 | 149,093 | — | ||||||||||||
Reclaim Receivable | 4,424 | — | 2,065 | — | ||||||||||||
Unrealized Appreciation on Spot Contracts | 2 | — | — | — | ||||||||||||
Receivable for Investment Securities Sold | — | 251,251 | — | 36,919 | ||||||||||||
Total Assets | 522,301,266 | 2,660,598,930 | 221,766,657 | 129,036,357 | ||||||||||||
Liabilities: | ||||||||||||||||
Obligation to Return Securities Lending Collateral | 16,719,149 | — | — | — | ||||||||||||
Payable for Investment Securities Purchased | 3,517,128 | 22,924,838 | — | 1,522,842 | ||||||||||||
Payable due to Investment Adviser | 227,682 | 1,185,168 | 99,873 | 43,379 | ||||||||||||
Options written at value (Premiums received $–, $57,311,871, $3,281,100 and $3,436,819 respectively) | — | 30,963,195 | 2,951,520 | 2,953,665 | ||||||||||||
Total Liabilities | 20,463,959 | 55,073,201 | 3,051,393 | 4,519,886 | ||||||||||||
Net Assets | $ | 501,837,307 | $ | 2,605,525,729 | $ | 218,715,264 | $ | 124,516,471 | ||||||||
Net Assets Consist of: | ||||||||||||||||
Paid-in Capital | $ | 670,939,295 | $ | 2,533,955,553 | $ | 237,711,579 | $ | 117,572,892 | ||||||||
Total Distributable Earnings/(Loss) | (169,101,988 | ) | 71,570,176 | (18,996,315 | ) | 6,943,579 | ||||||||||
Net Assets | $ | 501,837,307 | $ | 2,605,525,729 | $ | 218,715,264 | $ | 124,516,471 | ||||||||
Outstanding Shares of Beneficial Interest | ||||||||||||||||
(unlimited authorization — no par value) | 50,080,000 | 115,610,000 | 4,580,000 | 5,020,000 | ||||||||||||
Net Asset Value, Offering and Redemption Price Per Share | $ | 10.02 | $ | 22.54 | $ | 47.75 | $ | 24.80 | ||||||||
*Includes Market Value of Securities on Loan | $ | 15,966,518 | $ | — | $ | — | $ | — |
153
Statements of Assets and Liabilities | ||
April 30, 2021 (Unaudited) |
Global X Nasdaq 100® Covered Call & Growth ETF | Global X S&P 500® Covered Call & Growth ETF | Global X SuperIncome™ Preferred ETF | Global X Renewable Energy Producers ETF | |||||||||||||
Assets: | ||||||||||||||||
Cost of Investments | $ | 9,782,015 | $ | 2,919,159 | $ | 202,876,205 | $ | 131,562,240 | ||||||||
Cost of Repurchase Agreement | — | — | 312,842 | 1,381,641 | ||||||||||||
Cost of Foreign Currency | — | — | — | 54,638 | ||||||||||||
Investments, at Value | $ | 10,820,957 | $ | 3,259,908 | $ | 211,359,877 | * | $ | 124,871,108 | * | ||||||
Repurchase Agreement, at Value | — | — | 312,842 | 1,381,641 | ||||||||||||
Cash | 14,248 | 14,200 | 1,270,322 | 36,964 | ||||||||||||
Foreign Currency, at Value | — | — | — | 54,753 | ||||||||||||
Dividend and Interest Receivable | 1,515 | 2,195 | 694,753 | 272,895 | ||||||||||||
Unrealized Appreciation on Spot Contracts | — | — | — | 4 | ||||||||||||
Receivable for Capital Shares Sold | — | — | 356,578 | 1,576,611 | ||||||||||||
Receivable for Investment Securities Sold | — | — | — | 80 | ||||||||||||
Reclaim Receivable | — | 12 | — | 51,197 | ||||||||||||
Total Assets | 10,836,720 | 3,276,315 | 213,994,372 | 128,245,253 | ||||||||||||
Liabilities: | ||||||||||||||||
Obligation to Return Securities Lending Collateral | — | — | 543,400 | 2,371,895 | ||||||||||||
Options written at value (Premiums received $123,637, $24,789, $– and $– respectively) | 68,970 | 22,269 | — | — | ||||||||||||
Payable due to Investment Adviser | 5,305 | 1,518 | 99,749 | 63,273 | ||||||||||||
Payable for Investment Securities Purchased | — | — | 2,376,659 | 1,573,227 | ||||||||||||
Total Liabilities | 74,275 | 23,787 | 3,019,808 | 4,008,395 | ||||||||||||
Net Assets | $ | 10,762,445 | $ | 3,252,528 | $ | 210,974,564 | $ | 124,236,858 | ||||||||
Net Assets Consist of: | ||||||||||||||||
Paid-in Capital | $ | 9,950,117 | $ | 2,701,317 | $ | 264,363,602 | $ | 124,893,079 | ||||||||
Total Distributable Earnings/(Loss) | 812,328 | 551,211 | (53,389,038 | ) | (656,221 | ) | ||||||||||
Net Assets | $ | 10,762,445 | $ | 3,252,528 | $ | 210,974,564 | $ | 124,236,858 | ||||||||
Outstanding Shares of Beneficial Interest | ||||||||||||||||
(unlimited authorization — no par value) | 350,000 | 110,000 | 17,750,000 | 7,880,000 | ||||||||||||
Net Asset Value, Offering and Redemption Price Per Share | $ | 30.75 | $ | 29.57 | $ | 11.89 | $ | 15.77 | ||||||||
*Includes Market Value of Securities on Loan | $ | — | $ | — | $ | 507,034 | $ | 2,223,515 |
154
Statements of Assets and Liabilities | ||
April 30, 2021 (Unaudited) |
Global X S&P 500® Catholic Values ETF | Global X S&P Catholic Values Developed ex-U.S. ETF | Global X Guru® Index ETF | ||||||||||
Assets: | ||||||||||||
Cost of Investments | $ | 377,662,063 | $ | 2,552,762 | $ | 62,429,621 | ||||||
Cost of Repurchase Agreement | — | — | 1,209,062 | |||||||||
Cost of Foreign Currency | — | 1,460 | — | |||||||||
Investments, at Value | $ | 536,505,511 | $ | 3,173,437 | $ | 74,148,143 | * | |||||
Repurchase Agreement, at Value | — | — | 1,209,062 | |||||||||
Cash | 1,099,342 | 4,827 | 47,628 | |||||||||
Foreign Currency, at Value | — | 1,457 | — | |||||||||
Dividend and Interest Receivable | 313,955 | 11,534 | 31,239 | |||||||||
Reclaim Receivable | 2,698 | 552 | — | |||||||||
Receivable for Capital Shares Sold | — | — | 476,091 | |||||||||
Total Assets | 537,921,506 | 3,191,807 | 75,912,163 | |||||||||
Liabilities: | ||||||||||||
Obligation to Return Securities Lending Collateral | — | — | 2,075,625 | |||||||||
Payable due to Investment Adviser | 125,680 | 918 | 44,188 | |||||||||
Payable for Investment Securities Purchased | — | 1,830 | 474,294 | |||||||||
Unrealized Depreciation on Spot Contracts | — | 7 | — | |||||||||
Total Liabilities | 125,680 | 2,755 | 2,594,107 | |||||||||
Net Assets | $ | 537,795,826 | $ | 3,189,052 | $ | 73,318,056 | ||||||
Net Assets Consist of: | ||||||||||||
Paid-in Capital | $ | 373,001,471 | $ | 2,505,028 | $ | 69,845,427 | ||||||
Total Distributable Earnings | 164,794,355 | 684,024 | 3,472,629 | |||||||||
Net Assets | $ | 537,795,826 | $ | 3,189,052 | $ | 73,318,056 | ||||||
Outstanding Shares of Beneficial Interest | ||||||||||||
(unlimited authorization — no par value) | 10,330,000 | 100,000 | 1,540,000 | |||||||||
Net Asset Value, Offering and Redemption Price Per Share | $ | 52.06 | $ | 31.89 | $ | 47.61 | ||||||
*Includes Market Value of Securities on Loan | $ | — | $ | — | $ | 1,971,114 |
155
Statements of Operations | ||
For the period ended April 30, 2021 (Unaudited) |
Global X Social Media ETF | Global X Lithium & Battery Tech ETF | Global X E-commerce ETF | Global X Emerging Markets Internet & E-commerce ETF(1) | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend Income | $ | 250,098 | $ | 7,289,191 | $ | 540,954 | $ | 4,114 | ||||||||
Interest Income | 41 | 222 | — | — | ||||||||||||
Security Lending Income | 11,072 | 3,975,144 | 3,709 | — | ||||||||||||
Less: Foreign Taxes Withheld | (16,747 | ) | (573,913 | ) | (2,150 | ) | (242 | ) | ||||||||
Total Investment Income | 244,464 | 10,690,644 | 542,513 | 3,872 | ||||||||||||
Supervision and Administration Fees(2) | 1,131,528 | 8,660,638 | 431,993 | 17,904 | ||||||||||||
Custodian Fees(3) | 1,221 | 11,021 | 392 | 32 | ||||||||||||
Total Expenses | 1,132,749 | 8,671,659 | 432,385 | 17,936 | ||||||||||||
Net Investment Income (Loss) | (888,285 | ) | 2,018,985 | 110,128 | (14,064 | ) | ||||||||||
Net Realized Gain (Loss) on: | ||||||||||||||||
Investments(4) | 88,325,581 | 21,159,758 | 8,587,036 | (96,495 | ) | |||||||||||
Foreign Currency Transactions | 110,703 | (608,381 | ) | 1,299 | 188 | |||||||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions | 88,436,284 | 20,551,377 | 8,588,335 | (96,307 | ) | |||||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||
Investments | (3,845,744 | ) | 456,884,564 | 20,726,049 | (55,860 | ) | ||||||||||
Foreign Currency Translations | (339 | ) | 15,292 | — | (6 | ) | ||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | (3,846,083 | ) | 456,899,856 | 20,726,049 | (55,866 | ) | ||||||||||
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currency Transactions and Translations | 84,590,201 | 477,451,233 | 29,314,384 | (152,173 | ) | |||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 83,701,916 | $ | 479,470,218 | $ | 29,424,512 | $ | (166,237 | ) |
(1) | The Fund commenced operations on November 9, 2020. |
(2) | The Supervision and Administration fees reflect the supervisory and administrative fee, which includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in 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 Notes to Financial Statements.) |
156
Statements of Operations | ||
For the period ended April 30, 2021 (Unaudited) |
Global X SuperDividend® ETF | Global X SuperDividend® U.S. ETF | Global X MSCI SuperDividend® EAFE ETF | Global X MSCI SuperDividend® Emerging Markets ETF | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend Income | $ | 21,730,857 | $ | 10,615,732 | $ | 278,548 | $ | 679,689 | ||||||||
Interest Income | — | 14 | — | 25 | ||||||||||||
Security Lending Income | 1,058,730 | 1,421,990 | — | — | ||||||||||||
Less: Foreign Taxes Withheld | (890,284 | ) | — | (23,862 | ) | (76,966 | ) | |||||||||
Total Investment Income | 21,899,303 | 12,037,736 | 254,686 | 602,748 | ||||||||||||
Supervision and Administration Fees(1) | 2,300,829 | 1,225,109 | 26,966 | 91,800 | ||||||||||||
Custodian Fees(2) | 60,641 | 4,828 | 173 | 564 | ||||||||||||
Total Expenses | 2,361,470 | 1,229,937 | 27,139 | 92,364 | ||||||||||||
Net Investment Income | 19,537,833 | 10,807,799 | 227,547 | 510,384 | ||||||||||||
Net Realized Gain (Loss) on: | ||||||||||||||||
Investments(3) | 76,954,559 | 46,570,117 | 352,692 | 91,867 | ||||||||||||
Foreign Currency Transactions | (168,640 | ) | — | (8,945 | ) | (14,477 | ) | |||||||||
Net Realized Gain on Investments and Foreign Currency Transactions | 76,785,919 | 46,570,117 | 343,747 | 77,390 | ||||||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||
Investments | 144,096,149 | 100,386,005 | 2,549,170 | 5,530,066 | ||||||||||||
Foreign Capital Gains Tax on Appreciated Securities | — | — | — | (26,703 | ) | |||||||||||
Foreign Currency Translations | 29,616 | — | 211 | 1,537 | ||||||||||||
Net Change in Unrealized Appreciation on Investments and Foreign Currency Translations | 144,125,765 | 100,386,005 | 2,549,381 | 5,504,900 | ||||||||||||
Net Realized and Unrealized Gain on Investments and Foreign Currency Transactions and Translations | 220,911,684 | 146,956,122 | 2,893,128 | 5,582,290 | ||||||||||||
Net Increase in Net Assets Resulting from Operations | $ | 240,449,517 | $ | 157,763,921 | $ | 3,120,675 | $ | 6,092,674 |
(1) | The Supervision and Administration fees reflect the supervisory and administrative fee, which includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in 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 Notes to Financial Statements.) |
157
Statements of Operations | ||
For the period ended April 30, 2021 (Unaudited) |
Global X SuperDividend® REIT ETF | Global X NASDAQ 100® Covered Call ETF | Global X S&P 500® Covered Call ETF | Global X Russell 2000 Covered Call ETF | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend Income | $ | 10,513,854 | $ | 7,323,755 | $ | 1,141,786 | $ | 298,548 | ||||||||
Interest Income | 8 | — | 9 | — | ||||||||||||
Security Lending Income | 1,336,006 | — | — | — | ||||||||||||
Less: Foreign Taxes Withheld | — | (7,921 | ) | (59 | ) | — | ||||||||||
Total Investment Income | 11,849,868 | 7,315,834 | 1,141,736 | 298,548 | ||||||||||||
Supervision and Administration Fees(1) | 1,163,296 | 5,473,714 | 433,400 | 156,526 | ||||||||||||
Custodian Fees(2) | 12,360 | 44,422 | 2,283 | 734 | ||||||||||||
Broker Fees | — | 72 | 16 | — | ||||||||||||
Total Expenses | 1,175,656 | 5,518,208 | 435,699 | 157,260 | ||||||||||||
Waiver of Supervision and Administration Fees | – | (40 | ) | (16 | ) | (26,087 | ) | |||||||||
Net Expenses | 1,175,656 | 5,518,168 | 435,683 | 131,173 | ||||||||||||
Net Investment Income | 10,674,212 | 1,797,666 | 706,053 | 167,375 | ||||||||||||
Net Realized Gain (Loss) on: | ||||||||||||||||
Investments(3) | (21,458,288 | ) | 16,443,655 | 1,362,560 | 71,274 | |||||||||||
Written Options | — | (153,482,097 | ) | (12,634,505 | ) | (945,129 | ) | |||||||||
Foreign Currency Transactions | (98,631 | ) | — | — | — | |||||||||||
Net Realized Loss on Investments and Foreign Currency Transactions | (21,556,919 | ) | (137,038,442 | ) | (11,271,945 | ) | (873,855 | ) | ||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||
Investments | 132,724,158 | 379,109,706 | 33,721,861 | 12,466,513 | ||||||||||||
Written Options | — | (17,045,261 | ) | (1,268,428 | ) | (56,931 | ) | |||||||||
Foreign Currency Translations | (922 | ) | — | — | — | |||||||||||
Net Change in Unrealized Appreciation on Investments, Written Options and Foreign Currency Translations | 132,723,236 | 362,064,445 | 32,453,433 | 12,409,582 | ||||||||||||
Net Realized and Unrealized Gain on Investments, Written Options and Foreign Currency Transactions and Translations | 111,166,317 | 225,026,003 | 21,181,488 | 11,535,727 | ||||||||||||
Net Increase in Net Assets Resulting from Operations | $ | 121,840,529 | $ | 226,823,669 | $ | 21,887,541 | $ | 11,703,102 |
(1) | The Supervision and Administration fees reflect the supervisory and administrative fee, which includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in 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 Notes to Financial Statements.) |
158
Statements of Operations | ||
For the period ended April 30, 2021 (Unaudited) |
Global X Nasdaq 100® Covered Call & Growth ETF | Global X S&P 500® Covered Call & Growth ETF | Global X SuperIncome™ Preferred ETF | Global X Renewable Energy Producers ETF~ | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend Income | $ | 25,943 | $ | 27,364 | $ | 5,610,131 | $ | 1,328,890 | ||||||||
Interest Income | — | — | 21 | 101 | ||||||||||||
Security Lending Income | — | — | 9,148 | 6,171 | ||||||||||||
Less: Foreign Taxes Withheld | (35 | ) | — | — | (140,770 | ) | ||||||||||
Total Investment Income | 25,908 | 27,364 | 5,619,300 | 1,194,392 | ||||||||||||
Supervision and Administration Fees(1) | 20,269 | 9,863 | 573,015 | 317,099 | ||||||||||||
Custodian Fees(2) | 28 | 88 | 840 | 1,204 | ||||||||||||
Broker Fees | — | 11 | — | — | ||||||||||||
Total Expenses | 20,297 | 9,962 | 573,855 | 318,303 | ||||||||||||
Net Investment Income | 5,611 | 17,402 | 5,045,445 | 876,089 | ||||||||||||
Net Realized Gain (Loss) on: | ||||||||||||||||
Investments(3) | 296,046 | 432,319 | 5,094,535 | 7,330,559 | ||||||||||||
Written Options | (296,724 | ) | (109,537 | ) | — | — | ||||||||||
Foreign Currency Transactions | — | — | — | (8,750 | ) | |||||||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions | (678 | ) | 322,782 | 5,094,535 | 7,321,809 | |||||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||
Investments | 1,150,528 | 401,776 | 8,430,496 | (9,686,727 | ) | |||||||||||
Written Options | (25,972 | ) | (40,606 | ) | — | — | ||||||||||
Foreign Currency Translations | — | — | — | 2,830 | ||||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments, Written Options and Foreign Currency Translations | 1,124,556 | 361,170 | 8,430,496 | (9,683,897 | ) | |||||||||||
Net Realized and Unrealized Gain (Loss) on Investments, Written Options and Foreign Currency Transactions and Translations | 1,123,878 | 683,952 | 13,525,031 | (2,362,088 | ) | |||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 1,129,489 | $ | 701,354 | $ | 18,570,476 | $ | (1,485,999 | ) |
~ | Formerly Global X YieldCo & Renewable Energy Income ETF (see Note 1). |
(1) | The Supervision and Administration fees reflect the supervisory and administrative fee, which includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in 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 Notes to Financial Statements.) |
159
Statements of Operations | ||
For the period ended April 30, 2021 (Unaudited) |
Global X S&P 500® Catholic Values ETF | Global X S&P Catholic Values Developed ex-U.S. ETF | Global X Guru® Index ETF | ||||||||||
Investment Income: | ||||||||||||
Dividend Income | $ | 3,567,033 | $ | 41,667 | $ | 1,318,038 | ||||||
Interest Income | 32 | — | 4 | |||||||||
Security Lending Income | — | — | 2,453 | |||||||||
Less: Foreign Taxes Withheld | — | (4,748 | ) | (744 | ) | |||||||
Total Investment Income | 3,567,065 | 36,919 | 1,319,751 | |||||||||
Supervision and Administration Fees(1) | 675,086 | 5,266 | 254,825 | |||||||||
Custodian Fees(2) | 207 | 1 | 433 | |||||||||
Total Expenses | 675,293 | 5,267 | 255,258 | |||||||||
Net Investment Income | 2,891,772 | 31,652 | 1,064,493 | |||||||||
Net Realized Gain on: | ||||||||||||
Investments(3) | 6,368,946 | 41,357 | 8,995,652 | |||||||||
Foreign Currency Transactions | — | 69 | — | |||||||||
Net Realized Gain on Investments and Foreign Currency Transactions | 6,368,946 | 41,426 | 8,995,652 | |||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||
Investments | 109,284,413 | 643,996 | 6,901,517 | |||||||||
Foreign Currency Translations | — | (9 | ) | — | ||||||||
Net Change in Unrealized Appreciation on Investments and Foreign Currency Translations | 109,284,413 | 643,987 | 6,901,517 | |||||||||
Net Realized and Unrealized Gain on Investments and Foreign Currency Transactions and Translations | 115,653,359 | 685,413 | 15,897,169 | |||||||||
Net Increase in Net Assets Resulting from Operations | $ | 118,545,131 | $ | 717,065 | $ | 16,961,662 |
(1) | The Supervision and Administration fees reflect the supervisory and administrative fee, which includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in 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 Notes to Financial Statements.) |
160
Statements of Changes in Net Assets | ||
Global X Social Media ETF | Global X Lithium & Battery Tech ETF | |||||||||||||||
Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income (Loss) | $ | (888,285 | ) | $ | (419,184 | ) | $ | 2,018,985 | $ | 7,436,786 | ||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions(1) | 88,436,284 | 2,388,309 | 20,551,377 | (70,959,626 | ) | |||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | (3,846,083 | ) | 72,141,710 | 456,899,856 | 380,703,549 | |||||||||||
Net Increase in Net Assets Resulting from Operations | 83,701,916 | 74,110,835 | 479,470,218 | 317,180,709 | ||||||||||||
Distributions | — | — | (2,827,506 | ) | (7,964,116 | ) | ||||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 310,857,095 | 42,396,781 | 1,894,571,182 | 192,232,822 | ||||||||||||
Redeemed | (132,982,602 | ) | (11,797,388 | ) | (62,456,493 | ) | (87,679,225 | ) | ||||||||
Increase in Net Assets from Capital Share Transactions | 177,874,493 | 30,599,393 | 1,832,114,689 | 104,553,597 | ||||||||||||
Total Increase in Net Assets | 261,576,409 | 104,710,228 | 2,308,757,401 | 413,770,190 | ||||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 225,999,357 | 121,289,129 | 868,893,855 | 455,123,665 | ||||||||||||
End of Year/Period | $ | 487,575,766 | $ | 225,999,357 | $ | 3,177,651,256 | $ | 868,893,855 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 4,450,000 | 900,000 | 30,730,000 | 5,500,000 | ||||||||||||
Redeemed | (1,750,000 | ) | (350,000 | ) | (1,050,000 | ) | (3,400,000 | ) | ||||||||
Net Increase in Shares Outstanding from Share Transactions | 2,700,000 | 550,000 | 29,680,000 | 2,100,000 |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
161
Statements of Changes in Net Assets | ||
Global X E-commerce ETF | Global X Emerging Markets Internet & E-commerce ETF | |||||||||||
Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | Period Ended April 30, 2021(1) | ||||||||||
Operations: | ||||||||||||
Net Investment Income (Loss) | $ | 110,128 | $ | 236,091 | $ | (14,064 | ) | |||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions(2) | 8,588,335 | 5,004,215 | (96,307 | ) | ||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | 20,726,049 | 2,848,383 | (55,866 | ) | ||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | 29,424,512 | 8,088,689 | (166,237 | ) | ||||||||
Distributions | (1,105,636 | ) | (11,908 | ) | — | |||||||
Capital Share Transactions: | ||||||||||||
Issued | 139,579,473 | 92,365,190 | 7,266,712 | |||||||||
Redeemed | (18,496,116 | ) | (12,875,911 | ) | — | |||||||
Increase in Net Assets from Capital Share Transactions | 121,083,357 | 79,489,279 | 7,266,712 | |||||||||
Total Increase in Net Assets | 149,402,233 | 87,566,060 | 7,100,475 | |||||||||
Net Assets: | ||||||||||||
Beginning of Year/Period | 91,082,868 | 3,516,808 | — | |||||||||
End of Year/Period | $ | 240,485,101 | $ | 91,082,868 | $ | 7,100,475 | ||||||
Share Transactions: | ||||||||||||
Issued | 4,090,000 | 3,700,000 | 450,000 | |||||||||
Redeemed | (550,000 | ) | (500,000 | ) | — | |||||||
Net Increase in Shares Outstanding from Share Transactions | 3,540,000 | 3,200,000 | 450,000 |
(1) | The Fund commenced operations on November 9, 2020 |
(2) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
162
Statements of Changes in Net Assets | ||
Global X SuperDividend® ETF | Global X SuperDividend® U.S. ETF | |||||||||||||||
Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income | $ | 19,537,833 | $ | 47,853,557 | $ | 10,807,799 | $ | 16,034,317 | ||||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions(1) | 76,785,919 | (332,000,940 | ) | 46,570,117 | (164,403,700 | ) | ||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | 144,125,765 | (31,232,599 | ) | 100,386,005 | (30,409,532 | ) | ||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | 240,449,517 | (315,379,982 | ) | 157,763,921 | (178,778,915 | ) | ||||||||||
Distributions | (28,324,450 | ) | (57,676,007 | ) | (17,365,295 | ) | (28,896,892 | ) | ||||||||
Return of Capital | — | (6,836,903 | ) | — | (9,790,983 | ) | ||||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 94,224,174 | 103,937,093 | 125,361,484 | 126,598,315 | ||||||||||||
Redeemed | (5,271,538 | ) | (29,283,816 | ) | (4,811,564 | ) | (41,906,406 | ) | ||||||||
Increase in Net Assets from Capital Share Transactions | 88,952,636 | 74,653,277 | 120,549,920 | 84,691,909 | ||||||||||||
Total Increase (Decrease) in Net Assets | 301,077,703 | (305,239,615 | ) | 260,948,546 | (132,774,881 | ) | ||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 626,870,894 | 932,110,509 | 412,109,568 | 544,884,449 | ||||||||||||
End of Year/Period | $ | 927,948,597 | $ | 626,870,894 | $ | 673,058,114 | $ | 412,109,568 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 6,980,000 | 7,900,000 | 6,950,000 | 6,850,000 | ||||||||||||
Redeemed | (400,000 | ) | (2,850,000 | ) | (300,000 | ) | (2,700,000 | ) | ||||||||
Net Increase in Shares Outstanding from Share Transactions | 6,580,000 | 5,050,000 | 6,650,000 | 4,150,000 |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
163
Statements of Changes in Net Assets | ||
Global X MSCI SuperDividend® EAFE ETF | Global X MSCI SuperDividend® Emerging Markets ETF | |||||||||||||||
Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income | $ | 227,547 | $ | 420,436 | $ | 510,384 | $ | 937,936 | ||||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions(1) | 343,747 | (2,850,672 | ) | 77,390 | (4,240,074 | ) | ||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | 2,549,381 | (1,397,681 | ) | 5,504,900 | (1,273,762 | ) | ||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | 3,120,675 | (3,827,917 | ) | 6,092,674 | (4,575,900 | ) | ||||||||||
Distributions | (217,100 | ) | (454,057 | ) | (822,350 | ) | (1,074,084 | ) | ||||||||
Return of Capital | — | (119,148 | ) | — | (222,316 | ) | ||||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 1,405,824 | 1,244,166 | 12,191,919 | 8,390,747 | ||||||||||||
Redeemed | — | (7,934,045 | ) | — | — | |||||||||||
Increase (Decrease) in Net Assets from Capital Share Transactions | 1,405,824 | (6,689,879 | ) | 12,191,919 | 8,390,747 | |||||||||||
Total Increase (Decrease) in Net Assets | 4,309,399 | (11,091,001 | ) | 17,462,243 | 2,518,447 | |||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 7,436,116 | 18,527,117 | 20,007,225 | 17,488,778 | ||||||||||||
End of Year/Period | $ | 11,745,515 | $ | 7,436,116 | $ | 37,469,468 | $ | 20,007,225 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 90,000 | 100,000 | 1,030,000 | 750,000 | ||||||||||||
Redeemed | — | (600,000 | ) | — | — | |||||||||||
Net Increase (Decrease) in Shares Outstanding from Share Transactions | 90,000 | (500,000 | ) | 1,030,000 | 750,000 |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
164
Statements of Changes in Net Assets | ||
Global X SuperDividend® REIT ETF | Global X NASDAQ 100® Covered Call ETF | |||||||||||||||
Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income | $ | 10,674,212 | $ | 20,875,910 | $ | 1,797,666 | $ | 2,834,579 | ||||||||
Net Realized Loss on Investments, Written Options and Foreign Currency Transactions(1) | (21,556,919 | ) | (189,607,476 | ) | (137,038,442 | ) | (362,054,221 | ) | ||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments, Written Options and Foreign Currency Translations | 132,723,236 | (86,948,832 | ) | 362,064,445 | 350,742,699 | |||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | 121,840,529 | (255,680,398 | ) | 226,823,669 | (8,476,943 | ) | ||||||||||
Distributions | (13,988,750 | ) | (30,276,922 | ) | (114,189,480 | ) | (2,834,579 | ) | ||||||||
Return of Capital | — | (2,127,168 | ) | — | (117,268,361 | ) | ||||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 85,055,668 | 353,909,646 | 1,185,504,954 | 751,004,959 | ||||||||||||
Redeemed | (2,695,315 | ) | (118,989,550 | ) | (18,255,741 | ) | (64,819,105 | ) | ||||||||
Increase in Net Assets from Capital Share Transactions | 82,360,353 | 234,920,096 | 1,167,249,213 | 686,185,854 | ||||||||||||
Total Increase (Decrease) in Net Assets | 190,212,132 | (53,164,392 | ) | 1,279,883,402 | 557,605,971 | |||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 311,625,175 | 364,789,567 | 1,325,642,327 | 768,036,356 | ||||||||||||
End of Year/Period | $ | 501,837,307 | $ | 311,625,175 | $ | 2,605,525,729 | $ | 1,325,642,327 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 9,180,000 | 27,700,000 | 52,220,000 | 34,200,000 | ||||||||||||
Redeemed | (300,000 | ) | (10,300,000 | ) | (810,000 | ) | (3,250,000 | ) | ||||||||
Net Increase in Shares Outstanding from Share Transactions | 8,880,000 | 17,400,000 | 51,410,000 | 30,950,000 |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
165
Statements of Changes in Net Assets | ||
Global X S&P 500® Covered Call ETF | Global X Russell 2000 Covered Call ETF | |||||||||||||||
Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income | $ | 706,053 | $ | 1,494,418 | $ | 167,375 | $ | 82,683 | ||||||||
Net Realized Loss on Investments and Written Options (1) | (11,271,945 | ) | (8,346,049 | ) | (873,855 | ) | (2,140,737 | ) | ||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Written Options | 32,453,433 | (7,125,377 | ) | 12,409,582 | 1,139,858 | |||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | 21,887,541 | (13,977,008 | ) | 11,703,102 | (918,196 | ) | ||||||||||
Distributions | (7,795,071 | ) | (1,539,799 | ) | (3,391,530 | ) | (157,338 | ) | ||||||||
Return of Capital | — | (7,321,411 | ) | — | (1,449,526 | ) | ||||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 107,648,619 | 59,320,432 | 94,730,145 | 16,222,704 | ||||||||||||
Redeemed | (7,017,545 | ) | (65,843,588 | ) | — | (1,056,273 | ) | |||||||||
Increase (Decrease) in Net Assets from Capital Share Transactions | 100,631,074 | (6,523,156 | ) | 94,730,145 | 15,166,431 | |||||||||||
Total Increase (Decrease) in Net Assets | 114,723,544 | (29,361,374 | ) | 103,041,717 | 12,641,371 | |||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 103,991,720 | 133,353,094 | 21,474,754 | 8,833,383 | ||||||||||||
End of Year/Period | $ | 218,715,264 | $ | 103,991,720 | $ | 124,516,471 | $ | 21,474,754 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 2,280,000 | 1,250,000 | 3,970,000 | 750,000 | ||||||||||||
Redeemed | (150,000 | ) | (1,500,000 | ) | — | (50,000 | ) | |||||||||
Net Increase (Decrease) in Shares Outstanding from Share Transactions | 2,130,000 | (250,000 | ) | 3,970,000 | 700,000 |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
166
Statements of Changes in Net Assets | ||
Global X Nasdaq 100® Covered Call & Growth ETF | Global X S&P 500® Covered Call & Growth ETF | |||||||||||||||
Period Ended April 30, 2021 (Unaudited) | Period Ended October 31, 2020(1) | Period Ended April 30, 2021 (Unaudited) | Period Ended October 31, 2020(1) | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income (Loss) | $ | 5,611 | $ | (468 | ) | $ | 17,402 | $ | 2,911 | |||||||
Net Realized Gain (Loss) on Investments and Written Options(2) | (678 | ) | (83,188 | ) | 322,782 | (52,329 | ) | |||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Written Options | 1,124,556 | (30,947 | ) | 361,170 | (17,901 | ) | ||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | 1,129,489 | (114,603 | ) | 701,354 | (67,319 | ) | ||||||||||
Distributions | (203,026 | ) | — | (79,893 | ) | (2,931 | ) | |||||||||
Return of Capital | — | (20,955 | ) | — | (16,682 | ) | ||||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 6,070,090 | 6,703,114 | 3,024,772 | 3,790,823 | ||||||||||||
Redeemed | (2,801,664 | ) | — | (4,097,596 | ) | — | ||||||||||
Increase (Decrease) in Net Assets from Capital Share Transactions | 3,268,426 | 6,703,114 | (1,072,824 | ) | 3,790,823 | |||||||||||
Total Increase (Decrease) in Net Assets | 4,194,889 | 6,567,556 | (451,363 | ) | 3,703,891 | |||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 6,567,556 | — | 3,703,891 | — | ||||||||||||
End of Year/Period | $ | 10,762,445 | $ | 6,567,556 | $ | 3,252,528 | $ | 3,703,891 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 200,000 | 249,999 | 110,000 | 149,999 | ||||||||||||
Redeemed | (100,000 | ) | — | (150,000 | ) | — | ||||||||||
Net Increase (Decrease) in Shares Outstanding from Share Transactions | 100,000 | 249,999 | (40,000 | ) | 149,999 |
(1) | The Fund commenced operations on September 18, 2020 |
(2) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
167
Statements of Changes in Net Assets | ||
Global X SuperIncome™ Preferred ETF | Global X Renewable Energy Producers ETF~ | |||||||||||||||
Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income | $ | 5,045,445 | $ | 10,122,981 | $ | 876,089 | $ | 1,290,726 | ||||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions(1) | 5,094,535 | (9,284,388 | ) | 7,321,809 | 1,497,337 | |||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | 8,430,496 | (2,761,284 | ) | (9,683,897 | ) | (96,682 | ) | |||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | 18,570,476 | (1,922,691 | ) | (1,485,999 | ) | 2,691,381 | ||||||||||
Distributions | (5,740,400 | ) | (10,818,268 | ) | (1,038,633 | ) | (1,352,385 | ) | ||||||||
Return of Capital | — | (549,532 | ) | — | — | |||||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 18,519,762 | 24,650,476 | 112,171,343 | 43,544,055 | ||||||||||||
Redeemed | (4,390,618 | ) | (28,436,633 | ) | (51,601,863 | ) | (4,895,974 | ) | ||||||||
Increase (Decrease) in Net Assets from Capital Share Transactions | 14,129,144 | (3,786,157 | ) | 60,569,480 | 38,648,081 | |||||||||||
Total Increase (Decrease) in Net Assets | 26,959,220 | (17,076,648 | ) | 58,044,848 | 39,987,077 | |||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 184,015,344 | 201,091,992 | 66,192,010 | 26,204,933 | ||||||||||||
End of Year/Period | $ | 210,974,564 | $ | 184,015,344 | $ | 124,236,858 | $ | 66,192,010 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 1,570,000 | 2,200,000 | 6,390,000 | 2,900,000 | ||||||||||||
Redeemed | (370,000 | ) | (2,800,000 | ) | (2,960,000 | ) | (350,000 | ) | ||||||||
Net Increase (Decrease) in Shares Outstanding from Share Transactions | 1,200,000 | (600,000 | ) | 3,430,000 | 2,550,000 |
~ | Formerly Global X YieldCo & Renewable Energy Income ETF (see Note 1). |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
168
Statements of Changes in Net Assets | ||
Global X S&P 500® Catholic Values ETF | Global X S&P Catholic Values Developed ex-U.S. ETF | |||||||||||||||
Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | Period Ended April 30, 2021 (Unaudited) | Period Ended October 31, 2020(1) | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income | $ | 2,891,772 | $ | 4,980,263 | $ | 31,652 | $ | 18,647 | ||||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions(2) | 6,368,946 | 16,852,821 | 41,426 | (2,816 | ) | |||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | 109,284,413 | 13,850,451 | 643,987 | (23,250 | ) | |||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | 118,545,131 | 35,683,535 | 717,065 | (7,419 | ) | |||||||||||
Distributions | (3,237,872 | ) | (4,642,650 | ) | (25,622 | ) | — | |||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 57,665,218 | 118,264,481 | — | 2,505,028 | ||||||||||||
Redeemed | (14,229,380 | ) | (45,763,409 | ) | — | — | ||||||||||
Increase in Net Assets from Capital Share Transactions | 43,435,838 | 72,501,072 | — | 2,505,028 | ||||||||||||
Total Increase in Net Assets | 158,743,097 | 103,541,957 | 691,443 | 2,497,609 | ||||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 379,052,729 | 275,510,772 | 2,497,609 | — | ||||||||||||
End of Year/Period | $ | 537,795,826 | $ | 379,052,729 | $ | 3,189,052 | $ | 2,497,609 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 1,230,000 | 3,150,000 | — | 99,999 | ||||||||||||
Redeemed | (300,000 | ) | (1,150,000 | ) | — | — | ||||||||||
Net Increase in Shares Outstanding from Share Transactions | 930,000 | 2,000,000 | — | 99,999 |
(1) | The Fund commenced operations on June 22, 2020 |
(2) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
169
Statements of Changes in Net Assets | ||
Global X Guru® Index ETF | ||||||||
Period Ended April 30, 2021 (Unaudited) | Year Ended October 31, 2020 | |||||||
Operations: | ||||||||
Net Investment Income | $ | 1,064,493 | $ | 532,416 | ||||
Net Realized Gain on Investments (1) | 8,995,652 | 5,774,378 | ||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments | 6,901,517 | (1,127,648 | ) | |||||
Net Increase in Net Assets Resulting from Operations | 16,961,662 | 5,179,146 | ||||||
Distributions | (1,352,859 | ) | (538,248 | ) | ||||
Return of Capital | — | (28,732 | ) | |||||
Capital Share Transactions: | ||||||||
Issued | 4,089,851 | — | ||||||
Redeemed | (2,342,097 | ) | (4,784,665 | ) | ||||
Increase (Decrease) in Net Assets from Capital Share Transactions | 1,747,754 | (4,784,665 | ) | |||||
Total Increase (Decrease) in Net Assets | 17,356,557 | (172,499 | ) | |||||
Net Assets: | ||||||||
Beginning of Year/Period | 55,961,499 | 56,133,998 | ||||||
End of Year/Period | $ | 73,318,056 | $ | 55,961,499 | ||||
Share Transactions: | ||||||||
Issued | 90,000 | — | ||||||
Redeemed | (50,000 | ) | (150,000 | ) | ||||
Net Increase (Decrease) in Shares Outstanding from Share Transactions | 40,000 | (150,000 | ) |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
170
Financial Highlights | ||
Selected Per Share Data & Ratios
For a Share Outstanding Throughout the Period
Net Asset Value, Beginning of Period ($) | Net Investment Income (Loss) ($)* | Net Realized and Unrealized Gain (Loss) on Investments ($) | Total from Operations ($) | Distribution from Net Investment Income ($) | Distribution from Capital Gains ($) | |||||||||||||||||||
Global X Social Media ETF | ||||||||||||||||||||||||
2021(Unaudited) | 51.95 | (0.17 | ) | 17.38 | 17.21 | — | — | |||||||||||||||||
2020 | 31.92 | (0.11 | ) | 20.14 | 20.03 | — | — | |||||||||||||||||
2019 | 29.10 | (0.10 | ) | 2.92 | 2.82 | — | — | |||||||||||||||||
2018 | 32.67 | (0.06 | ) | (3.02 | ) | (3.08 | ) | (0.49 | ) | — | ||||||||||||||
2017 | 23.53 | 0.10 | 9.08 | 9.18 | (0.04 | ) | — | |||||||||||||||||
2016 | 19.29 | 0.02 | 4.22 | 4.24 | — | |||||||||||||||||||
Global X Lithium & Battery Tech ETF | ||||||||||||||||||||||||
2021(Unaudited) | 42.86 | 0.05 | 20.79 | 20.84 | (0.09 | ) | — | |||||||||||||||||
2020 | 25.04 | 0.40 | 17.86 | 18.26 | (0.44 | ) | — | |||||||||||||||||
2019 | 30.32 | 0.48 | (4.86 | ) | (4.38 | ) | (0.90 | ) | — | |||||||||||||||
2018 | 39.14 | 0.33 | (7.89 | ) | (7.56 | ) | (1.26 | ) | — | |||||||||||||||
2017 | 24.02 | 0.33 | 15.31 | 15.64 | (0.52 | ) | — | |||||||||||||||||
2016 | 20.62 | 0.27 | 3.18 | 3.45 | (0.05 | ) | — | |||||||||||||||||
Global X E-commerce ETF | ||||||||||||||||||||||||
2021(Unaudited) | 26.79 | 0.02 | 8.10 | 8.12 | (0.13 | ) | (0.13 | ) | ||||||||||||||||
2020 | 17.58 | 0.19 | 9.05 | 9.24 | (0.03 | ) | — | |||||||||||||||||
2019(1) | 15.00 | (0.05 | ) | 2.63 | 2.58 | — | — | |||||||||||||||||
Global X Emerging Markets Internet & E-commerce ETF | ||||||||||||||||||||||||
2021(2)(Unaudited) | 14.79 | (0.04 | ) | 1.03 | 0.99 | — | — |
171
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 (%)†† | ||||||||||||||||||||
— | 69.16 | 33.13 | 487,576 | 0.65 | † | (0.51 | )† | 23.46 | ||||||||||||||||||
— | 51.95 | 62.75 | 225,999 | 0.65 | (0.28 | ) | 19.23 | |||||||||||||||||||
— | 31.92 | 9.69 | 121,289 | 0.65 | (0.33 | ) | 16.92 | |||||||||||||||||||
(0.49 | ) | 29.10 | (9.61 | ) | 129,496 | 0.65 | (0.16 | ) | 21.36 | |||||||||||||||||
(0.04 | ) | 32.67 | 39.09 | 164,998 | 0.65 | 0.35 | 41.40 | |||||||||||||||||||
*** | 23.53 | 21.99 | 134,111 | 0.65 | 0.12 | 39.89 | ||||||||||||||||||||
(0.09 | ) | 63.61 | 48.63 | 3,177,651 | 0.75 | † | 0.17 | † | 4.01 | |||||||||||||||||
(0.44 | ) | 42.86 | 73.82 | 868,894 | 0.75 | 1.30 | 65.14 | |||||||||||||||||||
(0.90 | ) | 25.04 | (14.61 | ) | 455,124 | 0.75 | 1.75 | 35.28 | ||||||||||||||||||
(1.26 | ) | 30.32 | (20.01 | ) | 739,153 | 0.75 | 0.96 | 16.48 | ||||||||||||||||||
(0.52 | ) | 39.14 | 66.46 | 950,071 | 0.75 | 1.02 | 68.13 | |||||||||||||||||||
(0.05 | ) | 24.02 | 16.76 | 112,304 | 0.76 | 1.21 | 44.90 | |||||||||||||||||||
(0.26 | ) | 34.65 | 29.94 | 240,485 | 0.50 | † | 0.13 | † | 5.69 | |||||||||||||||||
(0.03 | ) | 26.79 | 52.67 | 91,083 | 0.50 | 0.75 | 42.01 | |||||||||||||||||||
— | 17.58 | 17.20 | 3,517 | 0.68 | † | (0.32 | )† | 23.50 | ||||||||||||||||||
— | 15.78 | 6.69 | 7,100 | 0.67 | † | (0.52 | )† | 12.45 |
* | 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 rounds to 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 November 27, 2018. |
(2) | The Fund commenced operations on November 9, 2020. |
Amounts designated as “—” are $0 or have been rounded to $0.
172
Financial Highlights | ||
Selected Per Share Data & Ratios
For a Share Outstanding Throughout the Period
Net Asset Value, Beginning of Period ($) | Net Investment Income ($)* | Net Realized and Unrealized Gain (Loss) on Investments ($) | Total from Operations ($) | Distribution from Net Investment Income ($) | Distribution from Capital Gains ($) | Return of Capital ($) | ||||||||||||||||||||||
Global X SuperDividend® ETF | ||||||||||||||||||||||||||||
2021(Unaudited) | 10.61 | 0.32 | 3.67 | 3.99 | (0.47 | ) | — | — | ||||||||||||||||||||
2020 | 17.25 | 0.86 | (6.34 | ) | (5.48 | ) | (1.04 | ) | — | (0.12 | ) | |||||||||||||||||
2019 | 19.06 | 1.24 | (1.47 | ) | (0.23 | ) | (1.38 | ) | — | (0.20 | ) | |||||||||||||||||
2018 | 21.51 | 1.35 | (2.26 | ) | (0.91 | ) | (1.43 | ) | — | (0.11 | ) | |||||||||||||||||
2017 | 20.43 | 1.08 | 1.45 | 2.53 | (1.22 | ) | — | (0.23 | ) | |||||||||||||||||||
2016 | 20.65 | 1.15 | 0.08 | 1.23 | (1.30 | ) | — | (0.15 | ) | |||||||||||||||||||
Global X SuperDividend® U.S. ETF | ||||||||||||||||||||||||||||
2021(Unaudited) | 14.99 | 0.35 | 4.95 | 5.30 | (0.58 | ) | — | — | ||||||||||||||||||||
2020 | 23.34 | 0.62 | (7.45 | ) | (6.83 | ) | (1.14 | ) | — | (0.38 | ) | |||||||||||||||||
2019 | 24.53 | 1.12 | (0.56 | ) | 0.56 | (1.49 | ) | — | (0.26 | ) | ||||||||||||||||||
2018 | 25.18 | 1.07 | (0.17 | ) | 0.90 | (1.35 | ) | — | (0.20 | ) | ||||||||||||||||||
2017 | 24.00 | 0.79 | 1.94 | 2.73 | (0.96 | ) | — | (0.59 | ) | |||||||||||||||||||
2016 | 25.23 | 0.92 | # | (0.40 | ) | 0.52 | (1.07 | ) | — | (0.68 | ) | |||||||||||||||||
Global X MSCI SuperDividend® EAFE ETF | ||||||||||||||||||||||||||||
2021(Unaudited) | 11.44 | 0.34 | 4.42 | 4.76 | (0.33 | ) | — | — | ||||||||||||||||||||
2020 | 16.11 | 0.56 | (4.53 | ) | (3.97 | ) | (0.55 | ) | — | (0.15 | ) | |||||||||||||||||
2019 | 15.96 | 0.82 | 0.36 | 1.18 | (1.03 | ) | — | — | ||||||||||||||||||||
2018 | 18.13 | 1.12 | (2.04 | ) | (0.92 | ) | (1.10 | ) | (0.15 | ) | — | |||||||||||||||||
2017(1) | 14.87 | 0.81 | 3.04 | 3.85 | (0.59 | ) | — | — |
173
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 (%)†† | ||||||||||||||||||||
(0.47 | ) | 14.13 | 38.13 | 927,949 | 0.59 | † | 4.92 | † | 61.77 | |||||||||||||||||
(1.16 | ) | 10.61 | (32.80 | ) | 626,871 | 0.59 | 6.62 | 124.55 | ||||||||||||||||||
(1.58 | ) | 17.25 | (1.02 | ) | 932,111 | 0.59 | 7.03 | 56.85 | ||||||||||||||||||
(1.54 | ) | 19.06 | (4.65 | ) | 912,968 | 0.59 | 6.48 | 59.48 | ||||||||||||||||||
(1.45 | ) | 21.51 | 12.69 | 992,893 | 0.58 | 5.07 | 67.38 | |||||||||||||||||||
(1.45 | ) | 20.43 | 6.23 | 801,816 | 0.58 | 5.67 | 39.06 | |||||||||||||||||||
(0.58 | ) | 19.71 | 35.98 | 673,058 | 0.45 | † | 3.97 | † | 63.62 | |||||||||||||||||
(1.52 | ) | 14.99 | (30.12 | ) | 412,110 | 0.45 | 3.50 | 93.44 | ||||||||||||||||||
(1.75 | ) | 23.34 | 2.61 | 544,884 | 0.46 | 4.83 | 60.00 | |||||||||||||||||||
(1.55 | ) | 24.53 | 3.66 | 413,311 | 0.46 | 4.31 | 33.25 | |||||||||||||||||||
(1.55 | ) | 25.18 | 11.64 | 425,579 | 0.45 | 3.15 | 53.01 | |||||||||||||||||||
(1.75 | ) | 24.00 | 2.13 | 338,397 | 0.45 | 3.77 | # | 53.45 | ||||||||||||||||||
(0.33 | ) | 15.87 | 41.92 | 11,746 | 0.55 | † | 4.64 | † | 30.61 | |||||||||||||||||
(0.70 | ) | 11.44 | (25.24 | ) | 7,436 | 0.56 | 4.07 | 59.28 | ||||||||||||||||||
(1.03 | ) | 16.11 | 7.81 | 18,527 | 0.56 | 5.23 | 29.81 | |||||||||||||||||||
(1.25 | ) | 15.96 | (5.59 | ) | 4,788 | 0.56 | 6.36 | 52.96 | ||||||||||||||||||
(0.59 | ) | 18.13 | 26.19 | 1,813 | 0.56 | † | 4.97 | † | 45.40 |
* | 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. |
# | Effective November 1, 2015, the Fund changed its method for estimating the characterization of amounts distributed by master limited partnerships, which correspondingly impacted the financial highlight ratios and per share disclosures to the extent that the fund recorded investment income that differed from amounts previously estimated. |
† | 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 November 14, 2016. |
174
Financial Highlights | ||
Selected Per Share Data & Ratios
For a Share Outstanding Throughout the Period
Net Asset Value, Beginning of Period ($) | Net Investment Income ($)* | Net Realized and Unrealized Gain (Loss) on Investments ($) | Total from Operations ($) | Distribution from Net Investment Income ($) | Return of Capital ($) | |||||||||||||||||||
Global X MSCI SuperDividend® Emerging Markets ETF | ||||||||||||||||||||||||
2021(Unaudited) | 9.53 | 0.21 | 2.57 | 2.78 | (0.34 | ) | — | |||||||||||||||||
2020 | 12.95 | 0.55 | (3.17 | ) | (2.62 | ) | (0.66 | ) | (0.14 | ) | ||||||||||||||
2019 | 12.91 | 0.87 | 0.05 | 0.92 | (0.88 | ) | — | |||||||||||||||||
2018 | 15.94 | 0.90 | (3.02 | ) | (2.12 | ) | (0.91 | ) | — | |||||||||||||||
2017 | 14.96 | 0.83 | 0.91 | 1.74 | (0.76 | ) | — | |||||||||||||||||
2016 | 13.73 | 0.59 | 1.41 | 2.00 | (0.77 | ) | — | |||||||||||||||||
Global X SuperDividend® REIT ETF | ||||||||||||||||||||||||
2021(Unaudited) | 7.56 | 0.24 | 3.14 | 3.38 | (0.92 | ) | — | |||||||||||||||||
2020 | 15.33 | 0.56 | (7.41 | ) | (6.85 | ) | (0.86 | ) | (0.06 | ) | ||||||||||||||
2019 | 14.62 | 0.99 | 0.91 | 1.90 | (1.19 | ) | — | |||||||||||||||||
2018 | 15.29 | 0.92 | (0.28 | ) | 0.64 | (1.31 | ) | — | ||||||||||||||||
2017 | 14.60 | 0.86 | 0.96 | 1.82 | (1.13 | ) | — | |||||||||||||||||
2016 | 13.18 | 0.91 | 1.72 | 2.63 | (1.21 | ) | — |
175
Financial Highlights | ||
Total from Distributions ($) | 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 (%)†† | ||||||||||||||||||||
(0.34 | ) | 11.97 | 29.46 | 37,469 | 0.65 | † | 3.61 | † | 28.37 | |||||||||||||||||
(0.80 | ) | 9.53 | (21.01 | ) | 20,007 | 0.67 | 5.04 | 93.04 | ||||||||||||||||||
(0.88 | ) | 12.95 | 7.14 | 17,489 | 0.66 | 6.51 | 66.65 | |||||||||||||||||||
(0.91 | ) | 12.91 | (14.10 | ) | 12,260 | 0.67 | 5.89 | 79.52 | ||||||||||||||||||
(0.76 | ) | 15.94 | 11.95 | 12,748 | 0.66 | 5.25 | 122.32 | |||||||||||||||||||
(0.77 | ) | 14.96 | 15.58 | 3,740 | 0.65 | 4.49 | 64.83 | |||||||||||||||||||
(0.92 | ) | 10.02 | 37.42 | 501,837 | 0.59 | † | 5.32 | † | 62.37 | |||||||||||||||||
(0.92 | ) | 7.56 | (45.94 | ) | 311,625 | 0.58 | 5.74 | 106.23 | ||||||||||||||||||
(1.19 | ) | 15.33 | 13.68 | 364,790 | 0.59 | 6.71 | 34.16 | |||||||||||||||||||
(1.31 | ) | 14.62 | 4.30 | 118,408 | 0.59 | 6.15 | 41.61 | |||||||||||||||||||
(1.13 | ) | 15.29 | 13.00 | 51,986 | 0.58 | 5.74 | 54.96 | |||||||||||||||||||
(1.21 | ) | 14.60 | 21.01 | 34,302 | 0.56 | 6.23 | 16.87 |
* | 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. |
176
Financial Highlights | ||
Selected Per Share Data & Ratios
For a Share Outstanding Throughout the Period
Net Asset Value, Beginning of Period ($) | Net Investment Income ($)* | Net Realized and Unrealized Gain (Loss) on Investments ($) | Total from Operations ($) | Distribution from Net Investment Income ($) | Distribution from Capital Gains ($) | Return of Capital ($) | ||||||||||||||||||||||
Global X NASDAQ 100® Covered Call ETF(6) | ||||||||||||||||||||||||||||
2021(Unaudited) | 20.65 | 0.02 | 3.24 | 3.26 | (1.37 | ) | — | — | ||||||||||||||||||||
2020 | 23.10 | 0.06 | (0.06 | ) | — | (0.06 | ) | — | (2.39 | ) | ||||||||||||||||||
2019 | 23.45 | 0.06 | 1.95 | 2.01 | (1.83 | ) | — | (0.53 | ) | |||||||||||||||||||
2018 | 24.30 | 0.07 | 1.71 | 1.78 | (0.87 | ) | (0.11 | ) | (1.65 | ) | ||||||||||||||||||
2017 | 22.06 | 0.12 | 3.93 | 4.05 | (1.81 | ) | — | — | ||||||||||||||||||||
2016 | 23.51 | 0.15 | 0.53 | 0.68 | (1.06 | ) | — | (1.07 | ) | |||||||||||||||||||
Global X S&P 500® Covered Call ETF(6) | ||||||||||||||||||||||||||||
2021(Unaudited) | 42.45 | 0.23 | 7.54 | 7.77 | (2.47 | ) | — | — | ||||||||||||||||||||
2020 | 49.39 | 0.56 | (4.17 | ) | (3.61 | ) | (0.58 | ) | — | (2.75 | ) | |||||||||||||||||
2019 | 48.56 | 0.56 | 3.30 | 3.86 | (2.27 | ) | (0.39 | ) | (0.37 | ) | ||||||||||||||||||
2018 | 50.10 | 0.62 | 1.88 | 2.50 | (0.22 | ) | (1.22 | ) | (2.60 | ) | ||||||||||||||||||
2017(4) | 47.62 | 0.34 | 2.67 | 3.01 | (0.53 | ) | — | — | ||||||||||||||||||||
2017(5) | 43.11 | 0.66 | 5.39 | 6.05 | (1.54 | ) | — | — | ||||||||||||||||||||
2016(5) | 45.39 | 0.70 | (0.90 | ) | (0.20 | ) | (1.50 | ) | — | (0.58 | ) |
177
Financial Highlights | ||
Total from Distributions ($) | 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 (%)†† | ||||||||||||||||||||
(1.37 | ) | 22.54 | 15.93 | 2,605,526 | 0.60 | † | 0.20 | † | 15.19 | |||||||||||||||||
(2.45 | ) | 20.65 | 0.21 | 1,325,642 | 0.67 | (1) | 0.27 | 27.87 | ||||||||||||||||||
(2.36 | ) | 23.10 | 9.39 | 768,036 | 0.85 | (1) | 0.26 | 11.82 | ||||||||||||||||||
(2.63 | ) | 23.45 | 7.44 | 395,202 | 0.68 | (2) | 0.30 | 15.00 | ||||||||||||||||||
(1.81 | ) | 24.30 | 19.04 | 157,980 | 0.60 | 0.53 | 4.00 | |||||||||||||||||||
(2.13 | ) | 22.06 | 3.32 | 52,952 | 0.60 | 0.69 | 9.00 | |||||||||||||||||||
(2.47 | ) | 47.75 | 18.57 | 218,715 | 0.60 | † | 0.98 | † | 2.95 | |||||||||||||||||
(3.33 | ) | 42.45 | (7.42 | ) | 103,992 | 0.71 | (3) | 1.22 | 7.29 | |||||||||||||||||
(3.03 | ) | 49.39 | 8.40 | 133,353 | 0.87 | (3) | 1.16 | 3.92 | ||||||||||||||||||
(4.04 | ) | 48.56 | 4.97 | 77,701 | 0.65 | 1.22 | 4.00 | |||||||||||||||||||
(0.53 | ) | 50.10 | 6.35 | 62,628 | 0.65 | † | 1.39 | † | 8.00 | |||||||||||||||||
(1.54 | ) | 47.62 | 14.29 | 64,413 | 0.65 | 1.46 | 21.00 | |||||||||||||||||||
(2.08 | ) | 43.11 | (0.29 | ) | 60,459 | 0.65 | 1.61 | 7.00 |
* | 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) | Excluding broker fees on written options, the ratio of expenses to average net assets would have been 0.60% and 0.60% for the year ended October 31, 2020 and October 31, 2019, respectively. The ratio of Expenses to Average Net Assets includes the effect of a waiver. If these offsets were excluded, the ratio would have been 0.60 and 0.60% for the year ended October 31, 2020 and year ended October 31, 2019. |
(2) | Includes excise tax. If this excise expense was not included, the ratio would have been 0.60%. |
(3) | Excluding broker fees on written options, the ratio of expenses to average net assets would have been 0.64% and 0.65% for the year ended October 31, 2020 and year ended October 31, 2019, respectively. The ratio of Expenses to Average Net Assets includes the effect of a waiver. If these offsets were excluded, the ratio would have been 0.64% and 0.65% for the year ended October 31, 2020 and year ended October 31, 2019. |
(4) | Effective October 31, 2017, the Predecessor Fund changed its fiscal year end from April 30 to October 31. The information presented is from May 1, 2017 through October 31, 2017. |
(5) | For the year or period ended April 30. |
(6) | The financial statements include the financial information of the Predecessor Funds through December 21, 2018 (See Note 1 in Notes to Financial Statements). As a result of the Reorganization, the Fund assumed the performance and accounting history of the Predecessor Fund. Accordingly, performance figures for the Fund for periods prior to the date of the Reorganization represent the performance of the Predecessor Fund. |
Amounts designated as “—” are $0 or have been rounded to $0.
178
Financial Highlights | ||
Selected Per Share Data & Ratios
For a Share Outstanding Throughout the Period
Net Asset Value, Beginning of Period ($) | Net Investment Income ($)* | Net Realized and Unrealized Gain (Loss) on Investments ($) | Total from Operations ($) | Distribution from Net Investment Income ($) | Distribution from Capital Gains ($) | Return of Capital ($) | ||||||||||||||||||||||
Global X Russell 2000 Covered Call ETF | ||||||||||||||||||||||||||||
2021(Unaudited) | 20.45 | 0.08 | 5.68 | 5.76 | (1.41 | ) | — | — | ||||||||||||||||||||
2020 | 25.24 | 0.12 | (2.51 | ) | (2.39 | ) | (0.11 | ) | (0.17 | ) | (2.12 | ) | ||||||||||||||||
2019(3) | 25.00 | 0.09 | 1.37 | 1.46 | (1.22 | ) | — | — | ||||||||||||||||||||
Global X Nasdaq 100® Covered Call & Growth ETF | ||||||||||||||||||||||||||||
2021(Unaudited) | 26.27 | 0.02 | 5.36 | 5.38 | (0.90 | ) | — | — | ||||||||||||||||||||
2020(4) | 26.30 | — | 0.11 | 0.11 | — | (0.14 | ) | |||||||||||||||||||||
Global X S&P 500® Covered Call & Growth ETF | ||||||||||||||||||||||||||||
2021(Unaudited) | 24.69 | 0.15 | 5.46 | 5.61 | (0.73 | ) | — | — | ||||||||||||||||||||
2020(4) | 25.22 | 0.02 | (0.41 | ) | (0.39 | ) | (0.02 | ) | — | (0.12 | ) |
179
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 (%)†† | ||||||||||||||||||||
(1.41 | ) | 24.80 | 28.78 | 124,516 | 0.50 | †(2) | 0.64 | † | 6.69 | |||||||||||||||||
(2.40 | ) | 20.45 | (9.18 | ) | 21,475 | 0.56 | (1)(2) | 0.68 | 11.16 | |||||||||||||||||
(1.22 | ) | 25.24 | 5.99 | 8,833 | 0.82 | †(1)(2) | 0.68 | † | 5.82 | |||||||||||||||||
(0.90 | ) | 30.75 | 20.63 | 10,762 | 0.60 | † | 0.17 | † | 8.03 | |||||||||||||||||
(0.14 | ) | 26.27 | 0.40 | 6,568 | 0.60 | † | (0.10 | )† | 1.65 | |||||||||||||||||
(0.73 | ) | 29.57 | 22.94 | 3,253 | 0.61 | † | 1.06 | † | 2.59 | |||||||||||||||||
(0.14 | ) | 24.69 | (1.60 | ) | 3,704 | 0.60 | † | 0.75 | † | 0.75 |
* | 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) | Excluding broker fees on written options, the ratio of expenses to average net assets would have been 0.60% and 0.60% for the year ended October 31, 2020 and period ended October 31, 2019, respectively. |
(2) | The ratio of Expenses to Average Net Assets includes the effect of a waiver. If these offsets were excluded, the ratio would have been 0.60%, 0.68% and 0.97% for the period ended April 30, 2021, year ended October 31, 2020 and period ended October 31, 2019, respectively. |
(3) | The Fund commenced operations on April 17, 2019. |
(4) | The Fund commenced operations on September 18, 2020. |
Amounts designated as “—” are $0 or have been rounded to $0.
180
Financial Highlights | ||
Selected Per Share Data & Ratios
For a Share Outstanding Throughout the Period
Net Asset Value, Beginning of Period ($) | Net Investment Income ($)* | Net Realized and Unrealized Gain (Loss) on Investments ($) | Total from Operations ($) | Distribution from Net Investment Income ($) | Return of Capital ($) | |||||||||||||||||||
Global X SuperIncome™ Preferred ETF | ||||||||||||||||||||||||
2021(Unaudited) | 11.12 | 0.30 | 0.81 | 1.11 | (0.34 | ) | — | |||||||||||||||||
2020 | 11.73 | 0.60 | (0.53 | ) | 0.07 | (0.65 | ) | (0.03 | ) | |||||||||||||||
2019 | 11.49 | 0.66 | 0.32 | 0.98 | (0.73 | ) | (0.01 | ) | ||||||||||||||||
2018 | 12.44 | 0.78 | (0.88 | ) | (0.10 | ) | (0.85 | ) | — | |||||||||||||||
2017 | 13.16 | 0.82 | (0.65 | ) | 0.17 | (0.85 | ) | (0.04 | ) | |||||||||||||||
2016 | 13.49 | 0.91 | (0.33 | ) | 0.58 | (0.91 | ) | — | ||||||||||||||||
Global X Renewable Energy Producers ETF~ | ||||||||||||||||||||||||
2021(Unaudited) | 14.87 | 0.15 | 0.95 | 1.10 | (0.20 | ) | — | |||||||||||||||||
2020 | 13.79 | 0.41 | 1.13 | 1.54 | (0.46 | ) | — | |||||||||||||||||
2019 | 11.52 | 0.13 | 2.61 | 2.74 | (0.47 | ) | — | |||||||||||||||||
2018 | 12.53 | 0.37 | (0.80 | ) | (0.43 | ) | (0.50 | ) | (0.08 | ) | ||||||||||||||
2017 | 11.16 | 0.28 | 1.59 | 1.87 | (0.50 | ) | — | |||||||||||||||||
2016 | 11.06 | 0.41 | # | 0.35 | 0.76 | (0.48 | ) | (0.18 | ) |
181
Financial Highlights | ||
Total from Distributions ($) | 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 (%)†† | ||||||||||||||||||||
(0.34 | ) | 11.89 | 10.07 | 210,975 | 0.58 | † | 5.10 | † | 43.38 | |||||||||||||||||
(0.68 | ) | 11.12 | 0.81 | 184,015 | 0.58 | 5.47 | 67.65 | |||||||||||||||||||
(0.74 | ) | 11.73 | 8.87 | 201,092 | 0.58 | 5.72 | 55.98 | |||||||||||||||||||
(0.85 | ) | 11.49 | (0.87 | ) | 186,154 | 0.58 | 6.48 | 105.48 | ||||||||||||||||||
(0.89 | ) | 12.44 | 1.31 | 236,331 | 0.58 | 6.39 | 45.12 | |||||||||||||||||||
(0.91 | ) | 13.16 | 4.44 | 232,206 | 0.58 | 6.81 | 47.62 | |||||||||||||||||||
(0.20 | ) | 15.77 | 7.50 | 124,237 | 0.65 | † | 1.79 | † | 60.10 | |||||||||||||||||
(0.46 | ) | 14.87 | 11.39 | 66,192 | 0.65 | 2.89 | 29.27 | |||||||||||||||||||
(0.47 | ) | 13.79 | 24.34 | 26,205 | 0.65 | 1.01 | 87.06 | |||||||||||||||||||
(0.58 | ) | 11.52 | (3.50 | ) | 15,556 | 0.65 | 3.07 | 33.50 | ||||||||||||||||||
(0.50 | ) | 12.53 | 17.30 | 20,046 | 0.65 | 2.37 | 25.99 | |||||||||||||||||||
(0.66 | ) | 11.16 | 7.25 | 6,695 | 0.66 | 3.78 | # | 40.25 |
~ | Formerly Global X YieldCo & Renewable Energy Income ETF (see Note 1). |
* | 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. |
# | Effective November 1, 2015, the Fund changed its method for estimating the characterization of amounts distributed by master limited partnerships, which correspondingly impacted the financial highlight ratios and per share disclosures to the extent that the fund recorded investment income that differed from amounts previously estimated. |
† | 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. |
182
Financial Highlights | ||
Selected Per Share Data & Ratios
For a Share Outstanding Throughout the Period
Net Asset Value, Beginning of Period ($) | Net Investment Income ($)* | Net Realized and Unrealized Gain (Loss) on Investments ($) | Total from Operations ($) | Distribution from Net Investment Income ($) | Distribution from Capital Gains ($) | |||||||||||||||||||
Global X S&P 500® Catholic Values ETF | ||||||||||||||||||||||||
2021(Unaudited) | 40.32 | 0.29 | 11.78 | 12.07 | (0.33 | ) | — | |||||||||||||||||
2020 | 37.23 | 0.58 | 3.08 | 3.66 | (0.55 | ) | (0.02 | ) | ||||||||||||||||
2019 | 33.59 | 0.58 | 3.92 | 4.50 | (0.81 | ) | (0.05 | ) | ||||||||||||||||
2018 | 31.83 | 0.58 | 1.60 | 2.18 | (0.41 | ) | (0.01 | ) | ||||||||||||||||
2017 | 25.74 | 0.48 | 5.74 | 6.22 | (0.13 | ) | *** | |||||||||||||||||
2016(1) | 25.14 | 0.24 | 0.36 | 0.60 | — | — | ||||||||||||||||||
Global X S&P Catholic Values Developed ex-U.S. ETF | ||||||||||||||||||||||||
2021(Unaudited) | 24.98 | 0.32 | 6.59 | 6.91 | — | — | ||||||||||||||||||
2020(2) | 25.05 | 0.19 | (0.26 | ) | (0.07 | ) | — | — |
183
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 (%)†† | ||||||||||||||||||||
(0.33 | ) | 52.06 | 30.04 | 537,796 | 0.29 | † | 1.24 | † | 2.48 | |||||||||||||||||
(0.57 | ) | 40.32 | 9.89 | 379,053 | 0.29 | 1.51 | 5.55 | |||||||||||||||||||
(0.86 | ) | 37.23 | 13.86 | 275,511 | 0.29 | 1.66 | 8.54 | |||||||||||||||||||
(0.42 | ) | 33.59 | 6.86 | 147,789 | 0.29 | @ | 1.72 | 4.33 | ||||||||||||||||||
(0.13 | ) | 31.83 | 24.27 | 114,581 | 0.29 | @ | 1.64 | 6.09 | ||||||||||||||||||
— | 25.74 | 2.39 | 39,899 | 0.29 | @† | 1.75 | † | 2.80 | ||||||||||||||||||
— | 31.89 | 28.74 | 3,189 | 0.35 | † | 2.10 | † | 9.62 | ||||||||||||||||||
— | 24.98 | (0.28 | ) | 2,498 | 0.35 | † | 2.02 | † | 4.04 |
@ | The ratio of Expenses to Average Net Assets includes the effect of a waiver. If these offsets were excluded, the ratio would have been 0.39% for the Global X S&P 500® Catholic Values ETF. |
* | 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 rounds to 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 April 18, 2016. |
(2) | The Fund commenced operations on June 22, 2020 |
Amounts designated as “—” are $0 or have been rounded to $0.
184
Financial Highlights | ||
Selected Per Share Data & Ratios
For a Share Outstanding Throughout the Period
Net Asset Value, Beginning of Period ($) | Net Investment Income ($)* | Net Realized and Unrealized Gain (Loss) on Investments ($) | Total from Operations ($) | Distribution from Net Investment Income ($) | Return of Capital ($) | |||||||||||||||||||
Global X Guru® Index ETF | ||||||||||||||||||||||||
2021(Unaudited) | 37.31 | 0.70 | 10.50 | 11.20 | (0.90 | ) | — | |||||||||||||||||
2020 | 34.02 | 0.33 | 3.32 | 3.65 | (0.34 | ) | (0.02 | ) | ||||||||||||||||
2019 | 30.09 | 0.12 | 4.02 | 4.14 | (0.17 | ) | (0.04 | ) | ||||||||||||||||
2018 | 28.70 | 0.11 | 1.44 | 1.55 | (0.16 | ) | — | |||||||||||||||||
2017 | 23.14 | 0.14 | 5.47 | 5.61 | (0.05 | ) | — | |||||||||||||||||
2016 | 23.96 | 0.12# | (0.83 | ) | (0.71 | ) | (0.09 | ) | (0.02 | ) |
185
Financial Highlights | ||
Total from Distributions ($) | 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 (%)†† | ||||||||||||||||||||
(0.90 | ) | 47.61 | 30.23 | 73,318 | 0.75 | † | 3.13 | † | 67.59 | |||||||||||||||||
(0.36 | ) | 37.31 | 10.84 | 55,961 | 0.75 | 0.96 | 124.90 | |||||||||||||||||||
(0.21 | ) | 34.02 | 13.90 | 56,134 | 0.75 | 0.38 | 126.44 | |||||||||||||||||||
(0.16 | ) | 30.09 | 5.40 | 57,180 | 0.75 | 0.36 | 112.64 | |||||||||||||||||||
(0.05 | ) | 28.70 | 24.30 | 55,956 | 0.75 | 0.54 | 94.71 | |||||||||||||||||||
(0.11 | ) | 23.14 | (2.97 | ) | 59,013 | 0.75 | 0.52 | # | 102.07 |
* | 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. |
# | Effective November 1, 2015, the Fund changed its method for estimating the characterization of amounts distributed by master limited partnerships, which correspondingly impacted the financial highlight ratios and per share disclosures to the extent that the fund recorded investment income that differed from amounts previously estimated. |
† | 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. |
Amounts designated as “—” are $0 or have been rounded to $0.
186
Notes to Financial Statements (unaudited) | ||
April 30, 2021 |
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, as amended, as an open-end management investment company. As of April 30, 2021, the Trust had eighty-eight portfolios, eighty-one of which were operational. The financial statements herein and the related notes pertain to the Global X Social Media ETF, Global X Lithium & Battery Tech ETF, Global X E-commerce ETF, Global X Emerging Markets Internet & E-commerce ETF, Global X SuperDividend® ETF, Global X SuperDividend® U.S. ETF, Global X MSCI SuperDividend® EAFE ETF, Global X MSCI SuperDividend® Emerging Markets ETF, Global X SuperDividend® REIT ETF, Global X NASDAQ 100® Covered Call ETF, Global X S&P 500® Covered Call ETF, Global X Russell 2000 Covered Call ETF, Global X Nasdaq 100 Covered Call & Growth ETF, Global X S&P 500® Covered Call & Growth ETF, Global X SuperIncome™ Preferred ETF, Global X Renewable Energy Producers ETF, Global X S&P 500® Catholic Values ETF, Global X S&P Catholic Values Developed ex-U.S. ETF, and Global X Guru® Index ETF (each a “Fund”, collectively, the “Funds”).
Effective on February 1, 2021, the Global X YieldCo & Renewable Energy Income ETF changed its name to Global X Renewable Energy Producers ETF.
Each Fund (except the Global X SuperDividend® ETF, Global X SuperDividend® U.S. ETF, Global X MSCI SuperDividend® Emerging Markets ETF, Global X MSCI SuperDividend® EAFE ETF, Global X SuperDividend® REIT ETF, Global X SuperIncomeTM Preferred ETF, Global X Guru® Index ETF, Global X S&P 500® Catholic Values ETF, Global X Russell 2000 Covered Call ETF, Global X S&P 500® Covered Call ETF, and Global X S&P 500® Covered Call & Growth ETF) has elected non-diversified status.
On December 24, 2018, the shareholders of the Horizons NASDAQ 100® Covered Call ETF and Horizons S&P 500® Covered Call ETF (together, the “Predecessor Funds”) approved a proposed agreement and plan of reorganization (the “Reorganization”) that provided for (a) the transfer of all the assets and assumption of certain of the liabilities of each Predecessor Fund to the Global X NASDAQ 100® Covered Call ETF and the Global X S&P 500® Covered Call ETF (together, the “Successor Funds”), respectively; (b) the issuance of shares of the Successor Fund to the shareholders of the corresponding Predecessor Fund; and (c) the liquidation and termination of the Predecessor Fund. The effective date of the Reorganization of each Predecessor Fund was December 24, 2018. The Successor Funds had no operations prior to the Reorganization. The Predecessor Funds had substantially similar investment objectives, investment strategies, policies and restrictions as those of the Successor Funds. The financial statements and financial highlights include the financial information of the Predecessor Funds through December 21, 2018.
187
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
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. 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 and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could materially differ from those estimates.
RETURN OF CAPITAL ESTIMATES – Distributions received by the Funds from underlying master limited partnership (“MLP”) and real estate investment trust (“REIT”) investments generally are comprised of income and return of capital. The Funds record investment income and return of capital based on estimates made at the time such distributions are received. Such estimates are based on historical information available from the MLPs, REITs and other industry sources. These estimates may subsequently be revised based on information received from the MLPs and REITs after their tax reporting periods are concluded.
MLPs – Certain Funds may invest in MLPs. MLPs are publicly traded partnerships engaged in the transportation, storage and processing of minerals and natural resources. By confining their operations to these specific activities, their interests, or units, are able to trade on public securities exchanges exactly like the shares of a corporation, without entity level taxation. To qualify as an MLP and to not be taxed as a corporation, a partnership must receive at least 90% of its income from qualifying sources as set forth in Section 7704(d) of the Internal Revenue Code of 1986, as amended (the “Code”). These qualifying sources include natural resource-based activities such as the processing, transportation and storage of mineral or natural resources. MLPs generally have two classes of owners: the general partner and limited partners. The general partner of an MLP is typically owned by a major energy company, an investment fund, the direct management of the MLP, or is an entity owned by one or more of such parties. The general partner may be structured as a private or publicly traded corporation or other entity.
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The general partner typically controls the operations and management of the MLP through an up to 2% equity interest in the MLP plus, in many cases, ownership of common units and subordinated units.
Limited partners typically own the remainder of the partnership through ownership of common units, and have a limited role in the partnership’s operations and management. MLPs are typically structured such that common units and general partner interests have first priority to receive quarterly cash distributions up to an established minimum amount (“minimum quarterly distributions” or “MQD”). Common and general partner interests also accrue arrearages in distributions to the extent the MQD is not paid. Once common and general partner interests have been paid, subordinated units receive distributions of up to the MQD; however, subordinated units do not accrue arrearages. Distributable cash in excess of the MQD is paid to both common and subordinated units and is distributed to both common and subordinated units generally on a pro rata basis. The general partner is also eligible to receive incentive distributions if the general partner operates the business in a manner which results in distributions paid per common unit surpassing specified target levels. As the general partner increases cash distributions to the limited partners, the general partner receives an increasingly higher percentage of the incremental cash distributions.
SECURITY VALUATION - Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (except for securities traded on 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 EST 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. 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 may be valued at their amortized cost, which approximates market value. 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. Prices for most securities held in 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.
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Securities for which market prices are not “readily available” are valued in accordance with fair value procedures (the “Fair Value Procedures”) established by the Board of Trustees (the “Board”) of the Trust. The Funds’ Fair Value Procedures are implemented through a fair value committee (the “Committee”) designated by the Board. 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; the security’s primary pricing source is not able or willing to provide a price; or trading of the security is subject to local government-imposed restrictions. In addition, the Funds may fair value a security if an event that may materially affect the value of the Funds’ security that is traded outside the United States (a “Significant Event”) has occurred between the time of the security’s last close and the time that the Funds calculate their net asset values. 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 Global X Management Company LLC, the Funds’ investment advisor (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 net asset values, 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. As of April 30, 2021, Global X Super Dividend® ETF and Global X Lithium & Battery Tech ETF had fair valued securities valued at $9,102,433 and $98. There were no other securities priced using the Fair Value Procedures.
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 to sell 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
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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 net asset value as of the measurement date or within the near term, and short-term investments valued at amortized cost)
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 net asset value 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 the period ended April 30, 2021, there have been no significant changes to the Funds’ fair valuation methodologies.
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 at April 30, 2021. 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 by BNP Paribas are held by Brown Brothers Harriman & Co. (“BBH”), the Funds’ Custodian (“Custodian”), and are designated as being held on each Fund’s behalf by its 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 the Funds’ 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 and the risk of a possible decline in the value of the underlying securities during the period. For financial statement purposes, the
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2. SIGNIFICANT ACCOUNTING POLICIES (continued)
Funds record the securities lending collateral (included in repurchase agreements, at value or restricted cash) as an asset and the obligation to return securities lending collateral as a liability on the Statements of Assets and Liabilities.
Repurchase agreements are entered into by the Funds under Master Repurchase Agreements (“MRA”) which permit the Funds, under certain circumstances, including an event of default (such as bankruptcy or insolvency), to offset payables and/or receivables under an MRA with collateral held and/or posted to the counterparty and create one single net payment due to or from the Funds.
As of April 30, 2021, the open repurchase agreements by counterparty which are subject to an MRA on a net payment basis are as follows:
Repurchase Agreements | Fair Value of Non-cash Collateral Received(1) | Cash Collateral Received | Net Amount(2) | |||||||||||||
Global X Social Media ETF | ||||||||||||||||
BNP Paribas | $ | 1,489,945 | $ | 1,489,945 | $ | − | $ | − | ||||||||
Global X Lithium & Battery Tech ETF | ||||||||||||||||
BNP Paribas | 56,205,362 | 56,205,362 | − | − | ||||||||||||
Global X E-commerce ETF | ||||||||||||||||
BNP Paribas | 2,290,989 | 2,290,989 | − | − | ||||||||||||
Global X SuperDividend® ETF | ||||||||||||||||
BNP Paribas | 8,170,388 | 8,170,388 | − | − | ||||||||||||
Global X SuperDividend® U.S. ETF | ||||||||||||||||
BNP Paribas | 5,160,716 | 5,160,716 | − | − | ||||||||||||
Global X SuperDividend® REIT ETF | ||||||||||||||||
BNP Paribas | 9,583,417 | 9,583,417 | − | − | ||||||||||||
Global X SuperIncome™ Preferred ETF | ||||||||||||||||
BNP Paribas | 312,842 | 312,842 | − | − | ||||||||||||
Global X Renewable Energy Producers ETF | ||||||||||||||||
BNP Paribas | 1,381,641 | 1,381,641 | − | − | ||||||||||||
Global X Guru® Index ETF | ||||||||||||||||
BNP Paribas | 1,209,062 | 1,209,062 | − | − |
(1) | Excess collateral received is not presented in the table above. Please refer to the Schedules of Investments for the market value of the collateral received for each Fund. |
(2) | Net Amount represents the net amount receivable due from the counterparty in the event of default. |
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. 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
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2. SIGNIFICANT ACCOUNTING POLICIES (continued)
50 percent) that each tax position will be sustained upon examination by a taxing authority based on the technical merits of the position. Tax positions not deemed to meet the more-likely-than-not threshold are recorded as a tax benefit or expense in the current year. The Funds did not record any tax positions in the current period; however, management’s conclusions regarding tax positions may be subject to review and adjustment at a later date based on factors including, but not limited to, examination by tax authorities (i.e., the last three tax year ends, as applicable), and on-going analysis of and changes to tax laws and regulations, and interpretations thereof.
If a Fund has foreign tax filings that have not been made, the tax years that remain subject to examination may date back to the inception of the Fund.
As of and during the reporting period ended April 30, 2021, 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.
SECURITY TRANSACTIONS AND INVESTMENT INCOME – Security transactions are accounted for on the trade date for financial reporting purposes. Costs used in determining realized gains and losses on the sale of investment securities are based on specific identification. Dividend income is recorded on the ex-dividend date. Interest income is recognized on the accrual basis from the settlement date.
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 Statement 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.
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 ex-dividend date.
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2. SIGNIFICANT ACCOUNTING POLICIES (continued)
INVESTMENTS IN REITs – With respect to the Funds, dividend income is recorded based on the income included in distributions received from REIT investments using published REIT reclassifications, including some management estimates when actual amounts are not available. Distributions received in excess of these estimated amounts are recorded as a reduction of the cost of investments or reclassified to capital gains. The actual amounts of income, return of capital, and capital gains are only determined by each REIT after its fiscal year end, and may differ from the estimated amounts.
CREATION UNITS – The Funds issue and redeem their shares (“Shares”) on a continuous basis at net asset value (“NAV”) and only in large blocks of 10,000 Shares, referred to as “Creation Units”. Purchasers of Creation Units (“Authorized Participants”) 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 BBH, on the date of such redemption, regardless of the number of Creation Units redeemed that day.
If a Creation Unit is purchased or redeemed for cash, an additional variable fee may be charged. The following table discloses Creation Unit breakdown:
Creation Unit Shares | Creation Fee | Value at April 30, 2021 | Redemption Fee | |||||||||||||
Global X Social Media ETF | 10,000 | $ | 300 | $ | 691,600 | $ | 300 | |||||||||
Global X Lithium & Battery Tech ETF | 10,000 | 1,000 | 636,100 | 1,000 | ||||||||||||
Global X E-commerce ETF | 10,000 | 500 | 346,500 | 500 | ||||||||||||
Global X Emerging Markets Internet & E-commerce ETF | 10,000 | 800 | 157,800 | 800 | ||||||||||||
Global X SuperDividend® ETF | 10,000 | 2,000 | 141,300 | 2,000 | ||||||||||||
Global X SuperDividend® U.S. ETF | 10,000 | 150 | 197,100 | 150 | ||||||||||||
Global X MSCI SuperDividend® EAFE ETF | 10,000 | 1,000 | 158,700 | 1,000 | ||||||||||||
Global X MSCI SuperDividend® Emerging Markets ETF | 10,000 | 3,000 | 119,700 | 3,000 | ||||||||||||
Global X SuperDividend® REIT ETF | 10,000 | 250 | 100,200 | 250 | ||||||||||||
Global X NASDAQ 100® Covered Call ETF | 10,000 | 500 | 225,400 | 500 | ||||||||||||
Global X S&P 500® Covered Call ETF | 10,000 | 2,000 | 477,500 | 2,000 | ||||||||||||
Global X Russell 2000® Covered Call ETF | 10,000 | 250 | 248,000 | 250 | ||||||||||||
Global X Nasdaq 100 Covered Call & Growth ETF | 10,000 | 500 | 307,500 | 500 | ||||||||||||
Global X S&P 500 Covered Call & Growth ETF | 10,000 | 2,000 | 295,700 | 2,000 | ||||||||||||
Global X SuperIncome™ Preferred ETF | 10,000 | 300 | 118,900 | 300 | ||||||||||||
Global X Renewable Energy Producers ETF | 10,000 | 500 | 157,700 | 500 | ||||||||||||
Global X S&P 500® Catholic Values ETF | 10,000 | 1,300 | 520,600 | 1,300 | ||||||||||||
Global X S&P Catholic Values Developed ex-U.S. ETF | 10,000 | 8,900 | 318,900 | 8,900 | ||||||||||||
Global X Guru® Index ETF | 10,000 | 250 | 476,100 | 250 |
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2. SIGNIFICANT ACCOUNTING POLICIES (continued)
CASH OVERDRAFT CHARGES – Per the terms of an agreement with BBH, if a Fund has a cash overdraft on a given day, it will be assessed an overdraft charge of LIBOR plus 2.00%. Cash overdraft charges are included in custodian fees on the Statements of Operations.
3. RELATED PARTY TRANSACTIONS 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, which is a leading financial services company in Korea and is the headquarters for the Mirae Asset Global Investments Group.
The Adviser serves as the investment adviser and the administrator for the Funds. Subject to the supervision of the Board, the Adviser is responsible for managing the investment
activities of the Funds and the Funds’ business affairs and other administrative matters and provides, or causes to be furnished, all supervisory, administrative and other services reasonably necessary for the operation of the Funds, including certain distribution services (provided pursuant to a separate Distribution Agreement), certain shareholder and distribution-related services (provided pursuant to a separate Rule 12b-1 Plan and related agreements) and investment advisory services (provided pursuant to a separate Investment Advisory Agreement), under what is essentially an “all-in” fee structure. For the Adviser’s service to the Funds, under 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 Fund). 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, custodian fees, acquired fund fees, and other transaction expenses, interest expenses and extraordinary expenses (such as litigation and indemnification expenses).
activities of the Funds and the Funds’ business affairs and other administrative matters and provides, or causes to be furnished, all supervisory, administrative and other services reasonably necessary for the operation of the Funds, including certain distribution services (provided pursuant to a separate Distribution Agreement), certain shareholder and distribution-related services (provided pursuant to a separate Rule 12b-1 Plan and related agreements) and investment advisory services (provided pursuant to a separate Investment Advisory Agreement), under what is essentially an “all-in” fee structure. For the Adviser’s service to the Funds, under 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 Fund). 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, custodian fees, acquired fund fees, and other transaction expenses, interest expenses and extraordinary expenses (such as litigation and indemnification expenses).
The following table discloses supervision and administration fees payable pursuant to the Supervision and Administration Agreement:
Supervision and Administration Fee | |
Global X Social Media ETF | 0.65% |
Global X Lithium & Battery Tech ETF | 0.75% |
Global X E-commerce ETF | 0.50% |
Global X Emerging Markets Internet & E-commerce ETF | 0.65% |
Global X SuperDividend® ETF | 0.58% |
Global X SuperDividend® U.S. ETF | 0.45% |
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3. RELATED PARTY TRANSACTIONS AND SERVICE PROVIDER TRANSACTIONS (continued)
Supervision and Administration Fee | |
Global X MSCI SuperDividend® EAFE ETF | 0.55% |
Global X MSCI SuperDividend® Emerging Markets ETF | 0.65% |
Global X SuperDividend® REIT ETF | 0.58% |
Global X NASDAQ 100® Covered Call ETF* | 0.60% |
Global X S&P 500® Covered Call ETF** | 0.60% |
Global X Russell 2000® Covered Call ETF*** | 0.60% |
Global X Nasdaq 100 Covered Call & Growth ETF | 0.60% |
Global X S&P 500 Covered Call & Growth ETF | 0.60% |
Global X SuperIncomeTM Preferred ETF | 0.58% |
Global X Renewable Energy Producers ETF | 0.65% |
Global X S&P 500® Catholic Values ETF**** | 0.29% |
Global X S&P Catholic Values Developed ex-U.S. ETF | 0.35% |
Global X Guru® Index ETF | 0.75% |
*Pursuant to an expense limitation agreement in existence between the Global X NASDAQ 100® Covered Call ETF (the “Fund”) and the Adviser prior to March 1, 2021, the Adviser agreed to waive or reimburse fees and/or limit Fund expenses to the extent necessary to assure that the operating expenses of the Fund, exclusive of taxes, commissions, and other transaction expenses, interest, and extraordinary expenses (such as litigation and indemnification expenses) would not exceed 0.60% of the Fund’s average daily net assets per year, until at least March 1, 2021.
**Pursuant to an expense limitation agreement in existence between the Global X S&P 500® Covered Call ETF (the “Fund”) and the Adviser, the Adviser agreed to reimburse or waive fees and/or limit Fund expenses to the extent necessary to assure that the operating expenses of the Fund (exclusive of taxes, commissions, and other transaction expenses, interest, and extraordinary expenses (such as litigation and indemnification expenses) will not exceed 0.60% of the Fund’s average daily net assets per year, effective August 21, 2020, until at least March 1, 2022. Effective August 21, 2020, the Supervision and Administration Fee of the Fund was reduced to 0.60%.
***Pursuant to an Expense Limitation Agreement, the Adviser has contractually agreed to reimburse or waive fees and/or limit expenses for the Global X Russell 2000 Covered Call ETF to the extent necessary to assure that the operating expenses of the Global X Russell 2000 Covered Call ETF (exclusive of taxes, brokerage fees, commissions, and other transaction expenses, interest, and extraordinary expenses (such as litigation and indemnification expenses)) will not exceed 0.60% of the average daily net assets of the Global X Russell 2000 Covered Call ETF per year, effective March 1, 2021 until at least March 1, 2022.
****Pursuant to an expense limitation agreement in existence between the Global X S&P 500® Catholic Values ETF (the “Fund”) and the Adviser prior to March 1, 2018, the Adviser agreed to waive or reimburse fees and/or limit fund expenses to the extent necessary to assure that the operating expenses of the Fund (exclusive of taxes, brokerage fees, commissions, and other transaction expenses and extraordinary expenses (such as litigation and indemnification expenses)
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3. RELATED PARTY TRANSACTIONS AND SERVICE PROVIDER TRANSACTIONS (continued)
(“Total Annual Fund Operating Expenses”) would not exceed 0.29% of the Fund’s average daily net assets per year until at least March 1, 2018. Pursuant to the expense limitation agreement, the Fund (at a later date) could reimburse the Adviser for the fees and expenses it waived or reimbursed and/or limited during any of the prior three fiscal years, provided that, among other things, any reimbursement made to the Adviser would not cause Total Annual Fund Operating Expenses to exceed the maximum permitted rate during the period in which it is paid and the Board had approved such reimbursement to the Adviser. Although the Board voted on December 19, 2017, to permanently reduce the Fund’s fees to 0.29% and end the expense limitation agreement as of March 1, 2018, prior waived or reimbursed fees were still subject to recoupment. As of April 30, 2021 the recoupment period had expired and there had been no recoupment of previously waived and reimbursed fees for the semi-annual period ended on April 30, 2021.
SEI Investments Global Funds Services (“SEIGFS”) serves as sub-administrator to the Funds. As sub-administrator, SEIGFS provides the Funds with required general administrative services, including, without limitation: office space, equipment, and personnel; clerical and general back office services; bookkeeping, internal accounting and secretarial services; the calculation of NAV; and assistance with the preparation and filing of reports, registration statements, proxy statements, and other materials required to be filed or furnished by the Funds under federal and state securities laws. As compensation for these services, SEIGFS receives certain out-of-pocket costs, transaction fees, and asset-based fees which are accrued daily and paid monthly by the Adviser.
SEI Investments Distribution Co. (“SIDCO”) serves as each Fund’s underwriter and distributor of Creation Units pursuant to a distribution agreement. SIDCO has no obligation to sell any specific quantity of Fund Shares.
SIDCO bears the following costs and expenses relating to the distribution of Shares: (1) the costs of processing and maintaining records of creations of Creation Units; (2) all costs of maintaining the records required of a registered broker/dealer; (3) the expenses of maintaining its registration or qualification as a dealer or broker under Federal or state laws; (4) filing fees; and (5) 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.
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3. RELATED PARTY TRANSACTIONS AND SERVICE PROVIDER TRANSACTIONS (continued)
BBH serves as Custodian and transfer agent of the Funds’ assets. 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 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.
4. INVESTMENT TRANSACTIONS
For the period ended April 30, 2021, 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 Social Media ETF | $ | 139,819,996 | $ | 81,953,644 | ||||
Global X Lithium & Battery Tech ETF | 1,122,157,016 | 89,926,281 | ||||||
Global X E-commerce ETF | 10,943,759 | 9,638,917 | ||||||
Global X Emerging Markets Internet & E-commerce ETF | 2,467,971 | 749,380 | ||||||
Global X SuperDividend® ETF | 505,412,234 | 485,605,577 | ||||||
Global X SuperDividend® U.S. ETF | 345,213,525 | 351,544,411 | ||||||
Global X MSCI SuperDividend® EAFE ETF | 2,974,634 | 2,992,874 | ||||||
Global X MSCI SuperDividend® Emerging Markets ETF | 15,955,401 | 8,030,244 | ||||||
Global X SuperDividend® REIT ETF | 249,079,564 | 248,697,154 | ||||||
Global X NASDAQ 100® Covered Call ETF | 287,515,175 | 579,083,039 | ||||||
Global X S&P 500® Covered Call ETF | 4,381,671 | 26,437,986 | ||||||
Global X Russell 2000® Covered Call ETF | 3,794,475 | 7,800,567 | ||||||
Global X Nasdaq 100 Covered Call & Growth ETF | 594,136 | 1,105,787 | ||||||
Global X S&P 500 Covered Call & Growth ETF | 87,705 | 302,128 | ||||||
Global X SuperIncome™ Preferred ETF | 86,344,459 | 85,995,934 | ||||||
Global X Renewable Energy Producers ETF | 74,956,604 | 58,388,481 | ||||||
Global X S&P 500® Catholic Values ETF | 11,480,354 | 12,323,714 | ||||||
Global X S&P Catholic Values Developed ex-U.S. ETF | 284,863 | 284,031 | ||||||
Global X Guru® Index ETF | 45,548,697 | 45,315,742 |
198
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
4. INVESTMENT TRANSACTIONS (continued)
For the period ended April 30, 2021, there were no purchases and sales of long-term U.S. Government securities.
For the period ended April 30, 2021, in-kind transactions associated with creations and redemptions were:
Purchases | Sales and Maturities | Realized Gain/(Loss) | ||||||||||
Global X Social Media ETF | $ | 248,206,883 | $ | 130,793,420 | $ | 89,719,892 | ||||||
Global X Lithium & Battery Tech ETF | 825,396,582 | 31,381,254 | 17,924,094 | |||||||||
Global X E-commerce ETF | 137,172,025 | 18,612,891 | 9,294,340 | |||||||||
Global X Emerging Markets Internet & E-commerce ETF | 5,524,406 | - | - | |||||||||
Global X SuperDividend® ETF | 64,083,922 | 4,825,925 | 1,306,373 | |||||||||
Global X SuperDividend® U.S. ETF | 125,070,390 | 3,569,574 | 585,066 | |||||||||
Global X MSCI SuperDividend® EAFE ETF | 1,335,615 | - | - | |||||||||
Global X MSCI SuperDividend® Emerging Markets ETF | 3,773,321 | - | - | |||||||||
Global X SuperDividend® REIT ETF | 82,885,361 | 2,666,583 | 632,054 | |||||||||
Global X NASDAQ 100® Covered Call ETF | 1,220,121,788 | 18,942,658 | 11,142,923 | |||||||||
Global X S&P 500® Covered Call ETF | 110,542,793 | 7,302,890 | 2,537,496 | |||||||||
Global X Russell 2000® Covered Call ETF | 97,199,084 | - | - | |||||||||
Global X Nasdaq 100 Covered Call & Growth ETF | 6,131,380 | 2,820,576 | 245,511 | |||||||||
Global X S&P 500 Covered Call & Growth ETF | 3,060,552 | 4,125,677 | 427,939 | |||||||||
Global X SuperIncome™ Preferred ETF | 18,497,566 | 4,381,875 | 538,481 | |||||||||
Global X Renewable Energy Producers ETF | 91,180,732 | 47,431,921 | 10,704,000 | |||||||||
Global X S&P 500® Catholic Values ETF | 57,535,321 | 14,187,389 | 6,619,023 | |||||||||
Global X S&P Catholic Values Developed ex-U.S. ETF | - | - | - | |||||||||
Global X Guru® Index ETF | 4,082,373 | 2,333,393 | 421,666 |
For the year ended October 31, 2020, in-kind transactions associated with creations and redemptions were:
Purchases | Sales and Maturities | Realized Gain/(Loss) | ||||||||||
Global X Social Media ETF | $ | 33,340,357 | $ | 10,559,714 | $ | 1,966,522 | ||||||
Global X Lithium & Battery Tech ETF | 104,208,945 | 62,679,799 | 3,955,066 | |||||||||
Global X E-commerce ETF | 92,096,000 | 12,844,433 | 4,549,847 | |||||||||
Global X SuperDividend® ETF | 90,730,215 | 27,787,216 | (9,224,904 | ) | ||||||||
Global X SuperDividend® U.S. ETF | 126,117,688 | 34,059,155 | 2,165,771 | |||||||||
Global X MSCI SuperDividend® EAFE ETF | 1,217,335 | 7,923,306 | (707,578 | ) | ||||||||
Global X MSCI SuperDividend® Emerging Markets ETF | 3,714,194 | - | - | |||||||||
Global X SuperDividend® REIT ETF | 353,613,219 | 118,682,903 | 19,269,208 | |||||||||
Global X NASDAQ 100® Covered Call ETF | 778,575,756 | 66,199,151 | 29,752,498 | |||||||||
Global X S&P 500® Covered Call ETF | 60,812,072 | 66,922,435 | 17,587,784 | |||||||||
Global X Russell 2000® Covered Call ETF | 16,843,643 | 1,088,385 | 335,463 | |||||||||
Global X Nasdaq 100 Covered Call & Growth ETF | 6,753,905 | - | - | |||||||||
Global X S&P 500 Covered Call & Growth ETF | 3,799,913 | - | - | |||||||||
Global X SuperIncome™ Preferred ETF | 24,579,689 | 28,420,360 | (2,327,435 | ) | ||||||||
Global X YieldCo & Renewable Energy Income ETF | 35,307,456 | 5,003,213 | 1,265,475 | |||||||||
Global X S&P 500® Catholic Values ETF | 117,889,845 | 45,730,969 | 17,772,932 | |||||||||
Global X S&P Catholic Values Developed ex-U.S. ETF | 2,501,921 | - | - | |||||||||
Global X Guru® Index ETF | - | 4,796,655 | 428,411 |
199
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
4. INVESTMENT TRANSACTIONS (continued)
To the extent consistent with their investment policies, certain Funds may either purchase or write options.
When a Fund purchases an option, the premium paid by it is recorded as an asset of the Fund. When a Fund writes an option, an amount equal to the net premium (the premium less the commission) received by the Fund is included in the liability section of the Fund’s Statement of Assets and Liabilities as a deferred credit. The amount of this asset or deferred credit will be subsequently marked-to-market to reflect the current value of the option purchased or written. The current value of the traded option is the last sale price or, in the absence of a sale, the current bid price. If an option purchased by a Fund expires unexercised, the Fund realizes a loss equal to the premium paid. If a Fund enters into a closing sale transaction on an option purchased by it, the Fund will realize a gain if the premium received by the Fund on the closing transaction is more than the premium paid to purchase the option, or a loss if it is less. If an option written by a Fund expires on the stipulated expiration date or if a Fund enters into a closing purchase transaction, it will realize a gain (or loss if the cost of a closing purchase transaction exceeds the net premium received when the option is sold) and the deferred credit related to such option will be eliminated. If an option written by a Fund is exercised, the proceeds of the sale will be increased by the net premium originally received and the Fund will realize a gain or loss.
Risks may arise from an imperfect correlation between the change in market value of the securities held and the prices of options relating to the securities purchased or sold and from possible lack of a liquid secondary market for an option. The maximum exposure to loss for any purchased option is limited to the premium initially paid for the option. Written uncovered call options subject a Fund to unlimited risk of loss. Written covered call options limit the upside potential of a security above the strike price. Put options written expose a Fund to risk of loss if the value of the security declines below the strike price.
Global X NASDAQ 100® Covered Call ETF, Global X S&P 500® Covered Call ETF, Global X Russell 2000 Covered Call ETF, Global X Nasdaq 100 Covered Call & Growth ETF, and Global X S&P 500 Covered Call & Growth ETF may write covered call and/or put options that correspond to their respective reference index. By writing a covered call option, a Fund, in exchange for the premium, foregoes the opportunity for capital appreciation above the strike price should the market price of the underlying security increase. Conversely, by writing a put option, the Fund, in exchange for the premium, accepts the risk of having to purchase a security at a fixed strike price even should the price of the underlying security decrease, exposing the Fund to downside risk in the underlying security.
When the written option expires, is terminated or is sold, a Fund will record a gain or loss. The net realized gain or loss on options contracts is reflected in the Statements of
200
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
4. INVESTMENT TRANSACTIONS (continued)
Operations and the net unrealized gains/(losses) are included as a component of the net change in unrealized appreciation/(depreciation) on options contracts in the Statement of Operations.
For the period ended April 30, 2021, the monthly average cost of the written options contracts held by the Global X NASDAQ 100® Covered Call ETF, Global X S&P 500® Covered Call ETF, Global X Russell 2000 Covered Call ETF, Global X Nasdaq 100 Covered Call & Growth ETF, and Global X S&P 500 Covered Call & Growth ETF were $57,311,871, $3,281,100, $3,436,819, $123,637, and $24,789, respectively.
5. TAX INFORMATION
The Global X SuperDividend® REIT ETF has a tax year that ends on December 31. The following tax disclosures are representative as of October 31, 2020. Accordingly, the disclosures are for informational use by shareholders and are subject to change attributable to activity through the end of the tax year ending December 31, 2020.
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 tax character of dividends and distributions declared during the years or periods ended October 31, 2020 and October 31, 2019 were as follows:
Global X Funds | Ordinary Income | Long-Term Capital Gain | Return of Capital | Totals | ||||||||||||
Global X Social Media ETF | ||||||||||||||||
2020 | $ | – | $ | – | $ | – | $ | – | ||||||||
2019 | – | – | – | – | ||||||||||||
Global X Lithium & Battery Tech ETF | ||||||||||||||||
2020 | $ | 7,964,116 | $ | – | $ | – | $ | 7,964,116 | ||||||||
2019 | 19,555,528 | – | – | 19,555,528 | ||||||||||||
Global X E-commerce ETF | ||||||||||||||||
2020 | $ | 11,908 | $ | – | $ | – | $ | 11,908 | ||||||||
2019 | – | – | – | – | ||||||||||||
Global X SuperDividend® ETF | ||||||||||||||||
2020 | $ | 57,676,007 | $ | – | $ | 6,836,903 | $ | 64,512,910 | ||||||||
2019 | 71,080,700 | – | 10,387,010 | 81,467,710 |
201
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
5. TAX INFORMATION (continued)
Global X Funds | Ordinary Income | Long-Term Capital Gain | Return of Capital | Totals | ||||||||||||
Global X SuperDividend® U.S. ETF | ||||||||||||||||
2020 | $ | 28,896,892 | $ | – | $ | 9,790,983 | $ | 38,687,875 | ||||||||
2019 | 29,513,428 | – | 5,156,842 | 34,670,270 | ||||||||||||
Global X MSCI SuperDividend® EAFE ETF | ||||||||||||||||
2020 | $ | 454,057 | $ | – | $ | 119,148 | $ | 573,205 | ||||||||
2019 | 547,298 | – | – | 547,298 | ||||||||||||
Global X MSCI SuperDividend® Emerging Markets ETF | ||||||||||||||||
2020 | $ | 1,074,084 | $ | – | $ | 222,316 | $ | 1,296,400 | ||||||||
2019 | 1,146,140 | – | – | 1,146,140 | ||||||||||||
Global X SuperDividend® REIT ETF | ||||||||||||||||
2020 | $ | 17,057,314 | $ | 482,944 | $ | 2,127,168 | $ | 19,667,426 | ||||||||
2019 | 7,369,085 | – | – | 7,369,085 | ||||||||||||
Global X NASDAQ 100® Covered Call ETF | ||||||||||||||||
2020 | $ | 2,834,579 | $ | – | $ | 117,268,361 | $ | 120,102,940 | ||||||||
2019 | 40,380,150 | 2,101,875 | 12,331,150 | 54,813,715 | ||||||||||||
Global X S&P 500® Covered Call ETF | ||||||||||||||||
2020 | $ | 1,539,799 | $ | – | $ | 7,321,411 | $ | 8,861,210 | ||||||||
2019 | 4,867,892 | 582,508 | 780,262 | 6,230,662 | ||||||||||||
8Global X Russell 2000 Covered Call ETF | ||||||||||||||||
2020 | $ | 82,683 | $ | 74,655 | $ | 1,449,526 | $ | 1,606,864 | ||||||||
2019 | 158,257 | 99,323 | – | 257,580 | ||||||||||||
8Global X Nasdaq 100® Covered Call & Growth ETF | ||||||||||||||||
2020 | $ | – | $ | – | $ | 20,955 | $ | 20,955 | ||||||||
8Global X S&P 500® Covered Call & Growth ETF | ||||||||||||||||
2020 | $ | 2,931 | $ | – | $ | 16,682 | $ | 19,613 | ||||||||
Global X SuperIncome™ Preferred ETF | ||||||||||||||||
2020 | $ | 10,818,268 | $ | – | $ | 549,532 | $ | 11,367,800 | ||||||||
2019 | 11,905,843 | – | 83,858 | 11,821,985 | ||||||||||||
7Global X Renewable Energy Producers ETF | ||||||||||||||||
2020 | $ | 1,352,385 | $ | – | $ | – | $ | 1,352,385 | ||||||||
2019 | 644,590 | – | – | 644,590 | ||||||||||||
7Global X S&P 500® Catholic Values ETF | ||||||||||||||||
2020 | $ | 4,513,893 | $ | 128,757 | $ | – | $ | 4,642,650 | ||||||||
2019 | 4,530,407 | 187,691 | – | 4,718,098 | ||||||||||||
Global X S&P Catholic Values Developed ex-U.S. ETF | ||||||||||||||||
2020 | $ | – | $ | – | $ | – | $ | – | ||||||||
Global X Guru® Index ETF | ||||||||||||||||
2020 | $ | 538,248 | $ | – | $ | 28,732 | $ | 566,980 | ||||||||
2019 | 310,767 | – | 82,434 | 393,201 |
202
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
5. TAX INFORMATION (continued)
Global X Funds | ||||||||||||||||
Global X Social Media ETF | Global X Lithium & Battery Tech ETF | Global X E-commerce ETF | Global X SuperDividend® ETF | |||||||||||||
Undistributed Ordinary Income | $ | – | $ | 1,972,573 | $ | 775,965 | $ | – | ||||||||
Capital Loss Carryforwards | (29,959,090 | ) | (154,643,834 | ) | – | (605,281,502 | ) | |||||||||
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency | 71,760,681 | 158,192,435 | 2,673,286 | (72,895,790 | ) | |||||||||||
Late Year Loss Deferral | (384,418 | ) | – | – | – | |||||||||||
Other Temporary Differences | – | (5 | ) | 1 | (17 | ) | ||||||||||
Total Distributable Earnings (Accumulated Losses) | $ | 41,417,173 | $ | 5,521,169 | $ | 3,449,252 | $ | (678,177,309 | ) |
Global X Funds | ||||||||||||||||
Global X SuperDividend® U.S. ETF | Global X MSCI SuperDividend® EAFE ETF | Global X MSCI SuperDividend® Emerging Markets ETF | Global X SuperDividend® REIT ETF(1) | |||||||||||||
Capital Loss Carryforwards | (223,775,721 | ) | (2,560,856 | ) | (7,800,767 | ) | – | |||||||||
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency | (28,565,675 | ) | (928,720 | ) | (1,461,950 | ) | 15,417,641 | |||||||||
Other Temporary Differences | 8 | (1 | ) | – | (2,927,460 | ) | ||||||||||
Total Accumulated Losses | $ | (252,341,387 | ) | $ | (3,489,577 | ) | $ | (9,262,717 | ) | $ | (12,490,181 | ) |
(1) | The Global X SuperDividend® REIT ETF has a tax year that ends on December 31. |
Global X Funds | ||||||||||||||||
Global X NASDAQ 100® Covered Call ETF | Global X S&P 500® Covered Call ETF | Global X Russell 2000 Covered Call ETF | Global X Nasdaq 100® Covered Call & Growth ETF | |||||||||||||
Capital Loss Carryforwards | (41,064,020 | ) | (33,094,168 | ) | (1,368,001 | ) | (114,135 | ) | ||||||||
Unrealized Appreciation on Investments and Foreign Currency | – | – | – | – | ||||||||||||
Late Year Loss Deferral | – | – | – | (468 | ) | |||||||||||
Other Temporary Differences | 7 | 5,383 | 8 | – | ||||||||||||
Total Accumulated Losses | $ | (41,064,012 | ) | $ | (33,088,785 | ) | $ | (1,367,993 | ) | $ | (114,603 | ) |
203
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
5. TAX INFORMATION (continued)
Global X Funds | ||||||||||||||||
Global X S&P 500® Covered Call & Growth ETF | Global X SuperIncome™ Preferred ETF | Global X Renewable Energy Producers ETF | Global X S&P 500® Catholic Values ETF | |||||||||||||
Undistributed Ordinary Income | $ | – | $ | – | $ | 351,607 | $ | 1,994,632 | ||||||||
Undistributed Long-Term Capital Gain | – | – | 132,994 | – | ||||||||||||
Capital Loss Carryforwards | (70,250 | ) | (64,726,594 | ) | – | (276,628 | ) | |||||||||
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency | – | (1,467,791 | ) | 1,383,810 | 47,769,089 | |||||||||||
Other Temporary Differences | – | (24,728 | ) | – | 3 | |||||||||||
Total Distributable Earnings (Accumulated Losses) | $ | (70,250 | ) | $ | (66,219,113 | ) | $ | 1,868,411 | $ | 49,487,096 |
Global X Funds | ||||||||
Global X S&P Catholic Values Developed ex-U.S. ETF | Global X Guru® Index ETF | |||||||
Undistributed Ordinary Income | $ | 21,138 | $ | – | ||||
Capital Loss Carryforwards | (3,244 | ) | (16,828,294 | ) | ||||
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency | (25,314 | ) | 4,692,123 | |||||
Other Temporary Differences | (70 | ) | (3 | ) | ||||
Total Accumulated Losses | $ | (7,490 | ) | $ | (12,136,175 | ) |
For taxable years beginning after December 22, 2010, a RIC 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. Losses carried forward under these provisions are as follows:
Short-Term Loss | Long-Term Loss | Total | ||||||||||
Global X Social Media ETF | $ | 9,425,030 | $ | 20,534,060 | $ | 29,959,090 | ||||||
Global X Lithium & Battery Tech ETF | 26,035,130 | 128,608,704 | 154,643,834 | |||||||||
Global X SuperDividend® ETF | 246,119,326 | 359,162,176 | 605,281,502 | |||||||||
Global X SuperDividend® U.S. ETF | 169,742,093 | 54,033,628 | 223,775,721 | |||||||||
Global X MSCI SuperDividend® EAFE ETF | 817,164 | 1,743,692 | 2,560,856 | |||||||||
Global X MSCI SuperDividend® Emerging Markets ETF | 4,271,755 | 3,529,012 | 7,800,767 |
204
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
5. TAX INFORMATION (continued)
Short-Term Loss | Long-Term Loss | �� | Total | |||||||||
Global X NASDAQ 100® Covered Call ETF | $ | 16,425,608 | $ | 24,638,412 | $ | 41,064,020 | ||||||
Global X S&P 500® Covered Call ETF | 13,230,874 | 19,863,293 | 33,094,168 | |||||||||
Global X Russell 2000 Covered Call ETF | 566,196 | 801,805 | 1,368,001 | |||||||||
Global X Nasdaq 100® Covered Call & Growth ETF | 45,654 | 68,481 | 114,135 | |||||||||
Global X S&P 500® Covered Call & Growth ETF | 28,100 | 42,150 | 70,250 | |||||||||
Global X SuperIncome™ Preferred ETF | 18,332,399 | 46,394,195 | 64,726,594 | |||||||||
Global X S&P 500® Catholic Values ETF | – | 276,628 | 276,628 | |||||||||
Global X S&P Catholic Values Developed ex-U.S. ETF | 3,244 | – | 3,244 | |||||||||
Global X Guru® Index ETF | 16,828,294 | – | 16,828,294 |
During the year ended October 31, 2020, the following Funds utilized capital loss carryforwards to offset capital gains amounting to:
Short-Term Loss | Long-Term Loss | Total | ||||||||||
Global X Social Media ETF | $ | 479,691 | $ | 41,962 | $ | 521,653 | ||||||
Global X Lithium & Battery Tech ETF | 125,159 | – | 125,159 | |||||||||
Global X E-commerce ETF | 956 | – | 956 | |||||||||
Global X Renewable Energy Producers ETF | 157,958 | 691,145 | 849,103 | |||||||||
Global X Guru® Index ETF | 5,401,794 | – | 5,401,794 |
The Federal tax cost and aggregate gross unrealized appreciation and depreciation on investments held by the Funds at April 30, 2021 were as follows:
Global X Funds | Federal Tax Cost | Aggregated Gross Unrealized Appreciation | Aggregated Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) | ||||||||||||
Global X Social Media ETF | $ | 418,718,379 | $ | 83,557,427 | $ | (14,038,394 | ) | $ | 69,519,033 | |||||||
Global X Lithium & Battery Tech ETF | 2,626,557,682 | 670,447,191 | (30,969,707 | ) | 639,477,484 | |||||||||||
Global X E-commerce ETF | 220,531,731 | 30,252,498 | (6,740,339 | ) | 23,512,159 | |||||||||||
Global X Emerging Markets Internet & E-commerce ETF | 7,146,935 | 367,927 | (423,787 | ) | (55,860 | ) | ||||||||||
Global X SuperDividend® ETF | 860,222,037 | 100,263,440 | (22,977,389 | ) | 77,286,051 | |||||||||||
Global X SuperDividend® U.S. ETF | 596,910,118 | 90,574,486 | (8,150,520 | ) | 82,423,966 | |||||||||||
Global X MSCI SuperDividend® EAFE ETF | 9,991,956 | 1,892,976 | (233,427 | ) | 1,659,549 | |||||||||||
Global X MSCI SuperDividend® Emerging Markets ETF | 33,107,866 | 5,559,412 | (1,310,844 | ) | 4,248,568 | |||||||||||
Global X SuperDividend® REIT ETF | 458,366,563 | 64,008,421 | (5,862,779 | ) | 58,145,642 | |||||||||||
Global X NASDAQ 100® Covered Call ETF | 1,835,240,348 | 801,311,793 | (3,087,769 | ) | 798,224,024 | |||||||||||
Global X S&P 500® Covered Call ETF | 178,666,284 | 44,220,969 | (1,731,403 | ) | 42,489,566 | |||||||||||
Global X Russell 2000 Covered Call ETF | 114,230,264 | 13,126,689 | – | 13,126,689 | ||||||||||||
Global X Nasdaq 100® Covered Call & Growth ETF | 9,782,015 | 1,114,017 | (75,075 | ) | 1,038,942 | |||||||||||
Global X S&P 500® Covered Call & Growth ETF | 2,919,159 | 365,199 | (24,450 | ) | 340,749 | |||||||||||
Global X SuperIncome™ Preferred ETF | 203,189,047 | 10,681,280 | (2,197,608 | ) | 8,483,672 | |||||||||||
Global X Renewable Energy Producers ETF | 132,943,881 | 7,182,476 | (13,873,608 | ) | (6,691,132 | ) | ||||||||||
Global X S&P 500® Catholic Values ETF | 377,662,063 | 164,573,036 | (5,729,588 | ) | 158,843,448 |
205
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
Global X Funds | Federal Tax Cost | Aggregated Gross Unrealized Appreciation | Aggregated Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) | ||||||||||||
Global X S&P Catholic Values Developed ex-U.S. ETF | $ | 2,552,762 | $ | 659,001 | $ | (38,326 | ) | $ | 620,675 | |||||||
Global X Guru® Index ETF | 63,638,683 | 14,085,666 | (2,367,144 | ) | 11,718,522 |
The preceding differences between book and tax cost are primarily due to mark-to-market treatment of passive foreign investment companies, mixed straddles, MLP adjustments and wash sales.
The Funds invest in securities of foreign issuers in various countries. These investments may involve certain considerations and risks not typically associated with investments in the United States as a result of, among other factors, the possibility of future political and economic developments, the level of governmental supervision and regulation of securities markets in the respective countries.
6. CONCENTRATION OF RISKS
The securities markets of emerging countries are less liquid, subject to greater price volatility, and have a smaller market capitalization than those of United States securities markets. In certain countries, there may be fewer publicly traded securities and the market may be dominated by a few issuers or sectors. Issuers and securities markets in such countries are not subject to as extensive and frequent accounting, financial and other reporting requirements or as comprehensive government regulations as are issuers and securities markets in the U.S. In particular, the assets and profits appearing on the financial statements of emerging country issuers may not reflect their financial position or results of operations in the same manner as financial statements for U.S. issuers. Substantially less information may be publicly available about emerging country issuers than is available about issuers in the United States.
The Funds may be subject to taxes imposed by countries in which they invest. Such taxes are generally based on either income or gains earned or repatriated. The Funds accrue and apply such taxes to net investment income, net realized gains and net unrealized gains as income and/or capital gains are earned.
Except for the Global X Russell 2000® Covered Call Fund, which uses a representative sampling strategy, the Funds use a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of an underlying index in approximately the same proportions as in the underlying index. A representative sampling strategy is an indexing strategy that involves investing in a representative sample of securities (including indirect investments through underlying ETFs) that collectively has an investment profile similar to an underlying index in terms of key risk factors, performance attributes and other characteristics. Each Fund may utilize a representative sampling strategy with respect to its underlying indices when a replication strategy might be detrimental to its shareholders, such as when there are practical
206
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
6. CONCENTRATION OF RISKS (continued)
difficulties or substantial costs involved in compiling a portfolio of equity securities to follow their underlying indices, or, in certain instances, when securities in the underlying indices become temporarily illiquid, unavailable or less liquid, or due to legal restrictions (such as diversification requirements that apply to a Fund but not the underlying index).
The London Interbank Offered Rate, or “LIBOR,” the offered rate for short-term Eurodollar deposits between major international banks, is used extensively in the United States and globally as a reference rate in various financing and commercial transactions. Plans are underway to phase out the use of LIBOR by the end of 2021. There remains uncertainty regarding the nature of any replacement rate and the impact of the transition from LIBOR on the financial markets generally, transactions that use LIBOR as a reference rate and financial institutions that engage in such transactions, including issuers of securities in which the Funds may invest. As such, the potential effect of a transition away from LIBOR on Fund investments cannot yet be determined.
Please refer to each Fund’s prospectus and statement of additional information (“SAI”) for a more complete description of risks.
7. LOANS OF PORTFOLIO SECURITIES
The Funds may lend portfolio securities having a market value up to one-third of the Funds’ total assets. Security loans made pursuant to a securities lending agreement with BBH 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 the Funds’ 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.
Lending securities entails a risk of loss to the Funds if and to the extent that the market value of the securities loans were to increase and the borrower did not increase the collateral accordingly, and the borrower fails to return the securities. In the event the borrower may not provide additional collateral when required or may not return the securities when due, the securities lending agency agreement requires the lending agent to indemnify the Funds by replacing either the security or the security’s current market value to the Funds. The Funds could suffer a loss if the value of an investment purchased with cash collateral falls below the market value of loaned securities or if the value of an investment purchased with cash collateral falls below the value of the original cash
207
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
7. LOANS OF PORTFOLIO SECURITIES (continued)
collateral received. The Funds could also experience delays and costs in gaining access to the collateral. The Funds bear the risk of any deficiency in the amount of the collateral available for return to the borrower due to any loss on the collateral invested.
As of April 30, 2021, the value of securities on loan was $1,132,561, $86,507,954, $3,932,277, $12,448,370, $8,640,452, $15,966,518, $507,034, $2,223,515, and $1,971,114 for the Global X Social Media ETF, Global X Lithium & Battery Tech ETF, Global X E-commerce ETF, Global X SuperDividend® ETF, Global X SuperDividend® U.S. ETF, Global X SuperDividend® REIT ETF, Global X SuperIncome™ Preferred ETF, Global X Renewable Energy Producers ETF, and Global X Guru® Index ETF, respectively, and the cash collateral received from securities on loan was $1,627,506, $90,683,598, $3,932,994, $14,026,294, $8,859,521, $16,719,149, $543,400, $2,371,895, and $2,075,625 for Global X Social Media ETF, Global X Lithium & Battery Tech ETF, Global X E-commerce ETF, Global X SuperDividend® ETF, Global X SuperDividend® U.S. ETF, Global X SuperDividend® REIT ETF, Global X SuperIncome™ Preferred ETF, Global X Renewable Energy Producers ETF, and Global X Guru® Index ETF, respectively.
As of April 30, 2021, the following Funds had securities on loan, by counterparty:
Market Value | Cash Collateral | |||||||
Global X Social Media ETF | ||||||||
Citigroup | $ | 78,427 | $ | 79,228 | (1) | |||
Goldman Sachs & Co. | 1,832 | 1,845 | (1) | |||||
JPMorgan | 451,460 | 939,453 | ||||||
Morgan Stanley | 560,316 | 566,040 | (1) | |||||
National Financial Services | 40,526 | 40,940 | (1) | |||||
Global X Lithium & Battery Tech ETF | ||||||||
Barclays Capital | 7,397,934 | 7,704,000 | ||||||
BofA Securities, Inc. | 7,457,965 | 7,768,734 | ||||||
Citigroup | 7,304,081 | 7,602,000 | ||||||
Goldman Sachs & Co. | 25,529,664 | 26,652,035 | ||||||
JPMorgan | 24,050,263 | 25,432,752 | ||||||
Morgan Stanley | 14,768,047 | 15,524,077 |
208
Notes to Financial Statements (unaudited) (continued) | ||
April 30, 2021 |
7. LOANS OF PORTFOLIO SECURITIES (continued)
Cash Collateral | Market Value | |||||||
Global X E-commerce ETF | ||||||||
Citigroup | $ | 212,205 | $ | 204,450 | (1) | |||
Goldman Sachs & Co. | 3,182,087 | 3,179,219 | (1) | |||||
National Financial Services | 494,340 | 505,680 | ||||||
UBS Securities LLC | 43,645 | 43,645 | (1) | |||||
Global X SuperDividend® ETF | ||||||||
BofA Securities, Inc. | 3,959,327 | 4,179,417 | ||||||
Citigroup | 99,081 | 100,861 | ||||||
Goldman Sachs & Co. | 1,568,199 | 2,436,846 | ||||||
JPMorgan | 3,533,029 | 3,803,456 | ||||||
Morgan Stanley | 2,820,346 | 3,014,914 | ||||||
National Financial Services | 77,220 | 79,200 | ||||||
UBS Securities LLC | 391,168 | 411,600 | ||||||
Global X SuperDividend® U.S. ETF | ||||||||
Goldman Sachs & Co. | 214,802 | 219,584 | ||||||
Morgan Stanley | 5,935,854 | 6,093,025 | ||||||
National Financial Services | 2,489,796 | 2,546,912 | ||||||
Global X SuperDividend® REIT ETF | ||||||||
Citigroup | 953,331 | 1,003,964 | ||||||
Goldman Sachs & Co. | 131,026 | 137,083 | ||||||
Scotia Capital | 14,882,161 | 15,578,102 | ||||||
Global X SuperIncome™ Preferred ETF | ||||||||
Wells Fargo | 507,034 | 543,400 | ||||||
Global X Renewable Energy Producers ETF | ||||||||
BofA Securities, Inc. | 933,958 | 991,349 | ||||||
Citigroup | 962,103 | 1,031,846 | ||||||
UBS Securities LLC | 327,454 | 348,700 | ||||||
Global X Guru® Index ETF | ||||||||
BofA Securities, Inc. | 503,971 | 535,995 | ||||||
JPMorgan | 877,333 | 936,300 | ||||||
Morgan Stanley | 589,810 | 603,330 |
(1) | It is the Funds’ 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. |
209
Notes to Financial Statements (unaudited) (concluded) | ||
April 30, 2021 |
8. 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.
9. SUBSEQUENT EVENTS
The Funds have been evaluated by management regarding the need for additional disclosures and/or adjustments resulting from subsequent events. Based on this evaluation, no additional adjustments were required to the financial statements.
10. OTHER MATTER
The rapid and global spread of a highly contagious novel coronavirus respiratory disease, designated COVID-19, has resulted in extreme volatility in the financial markets and severe losses; reduced liquidity of many instruments; restrictions on international and, in some cases, local travel; significant disruptions to business operations (including business closures); strained healthcare systems; disruptions to supply chains, consumer demand and employee availability; and widespread uncertainty regarding the duration and long-term effects of this pandemic. Some sectors of the economy and individual issuers have experienced particularly large losses. In addition, the COVID-19 pandemic may result in a sustained economic downturn or a global recession, domestic and foreign political and social instability, damage to diplomatic and international trade relations and increased volatility and/or decreased liquidity in the securities markets. The COVID-19 pandemic could adversely affect the value and liquidity of the Funds’ investments and negatively impact Fund performance. In addition, the outbreak of COVID-19, and measures taken to mitigate its effects, could result in disruptions to the services provided to the Funds by their service providers.
210
Disclosure of Fund Expenses (unaudited) | ||
All ETFs (such as the Funds) have operating expenses. As a shareholder of an ETF, your investment is affected by these ongoing costs, which include (among others) costs for ETF management, administrative services, commissions, and shareholder reports like this one. It is important for you to understand the impact of these costs on your investment returns. In addition, a shareholder is responsible for brokerage fees as a result of the shareholder’s investment in a Fund.
Operating expenses such as these are deducted from a Fund’s gross income and directly reduce their final investment returns. These expenses are expressed as a percentage of the Fund’s average net assets; this percentage is known as the Fund’s expense ratio.
The following examples use the expense ratio and are intended to help you understand the ongoing costs (in dollars) of investing in a Fund and to compare these costs with those of other funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period (November 1, 2020 through April 30, 2021).
The table on the next page illustrates the Funds’ costs in two ways:
Actual Fund Return. This section helps you to estimate the actual expenses that your Fund incurred over the period. The “Expenses Paid During Period” column shows the actual dollar expense cost incurred by a $1,000 investment in the Fund, and the “Ending Account Value” number is derived from deducting that expense cost from the Fund’s gross investment return.
You can use this information, together with the actual amount you invested in the Fund, to estimate the expenses you paid over that period. Simply divide your actual account value by $1,000 to arrive at a ratio (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply that ratio by the number shown for your Fund under “Expenses Paid During Period.”
Hypothetical 5% Return. This section helps you compare your Fund’s costs with those of other funds. It assumes that the Fund had an annual 5% return before expenses during the year, but that the expense ratio (Column 3) for the period is unchanged. This example is useful in making comparisons because the Securities and Exchange Commission requires all funds to make this 5% calculation. You can assess your Fund’s comparative cost by comparing the hypothetical result for your Fund in the “Expenses Paid During Period” column with those that appear in the same charts in the shareholder reports for other funds.
NOTE: Because the return is set at 5% for comparison purposes — NOT your Fund’s actual return — the account values shown may not apply to your specific investment.
211
Disclosure of Fund Expenses (unaudited) (continued) | ||
Beginning Account Value 11/1/2020 | Ending Account Value 4/30/2021 | Annualized Expense Ratios | Expenses Paid During Period(1) | |||||||||||||
Global X Social Media ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,331.30 | 0.65 | % | $ | 3.76 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.57 | 0.65 | 3.26 | ||||||||||||
Global X Lithium & Battery Tech ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,486.30 | 0.75 | % | $ | 4.62 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.08 | 0.75 | 3.76 | ||||||||||||
Global X E-commerce ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,304.10 | 0.50 | % | $ | 2.86 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,022.32 | 0.50 | 2.51 | ||||||||||||
Global X Emerging Markets Internet & E-commerce ETF* | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,000.00 | 0.67 | % | $ | 3.16 | (2) | |||||||
Hypothetical 5% Return | 1,000.00 | 1,020.40 | 0.67 | 3.19 | ||||||||||||
Global X SuperDividend® ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,381.30 | 0.59 | % | $ | 3.48 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.87 | 0.59 | 2.96 | ||||||||||||
Global X SuperDividend® U.S. ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,359.80 | 0.45 | % | $ | 2.63 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,022.56 | 0.45 | 2.26 | ||||||||||||
Global X MSCI SuperDividend® EAFE ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,419.20 | 0.55 | % | $ | 3.30 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,022.07 | 0.55 | 2.76 | ||||||||||||
Global X MSCI SuperDividend® Emerging Markets ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,294.60 | 0.65 | % | $ | 3.70 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.57 | 0.65 | 3.26 | ||||||||||||
Global X SuperDividend® REIT ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,374.20 | 0.59 | % | $ | 3.47 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.87 | 0.59 | 2.96 | ||||||||||||
Global X NASDAQ 100® Covered Call ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,159.30 | 0.60 | % | $ | 3.21 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.82 | 0.60 | 3.01 | ||||||||||||
Global X S&P 500® Covered Call ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,185.70 | 0.60 | % | $ | 3.25 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.82 | 0.60 | 3.01 |
212
Disclosure of Fund Expenses (unaudited) (Concluded) | ||
Beginning Account Value 11/1/2020 | Ending Account Value 4/30/2021 | Annualized Expense Ratios | Expenses Paid During Period(1) | |||||||||||||
Global X Russell 2000 Covered Call ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,287.80 | 0.60 | % | $ | 3.40 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,022.32 | 0.60 | 3.01 | ||||||||||||
Global X Nasdaq 100® Covered Call & Growth ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,206.30 | 0.60 | % | $ | 3.28 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.82 | 0.60 | 3.01 | ||||||||||||
Global X S&P 500® Covered Call & Growth ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,229.40 | 0.61 | % | $ | 3.37 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.77 | 0.61 | 3.06 | ||||||||||||
Global X SuperIncome™ Preferred ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,100.70 | 0.58 | % | $ | 3.02 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.92 | 0.58 | 2.91 | ||||||||||||
Global X Renewable Energy Producers ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,000.00 | 0.65 | % | $ | 3.22 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.57 | 0.65 | 3.26 | ||||||||||||
Global X S&P 500® Catholic Values ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,300.40 | 0.29 | % | $ | 1.65 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,023.36 | 0.29 | 1.45 | ||||||||||||
Global X S&P Catholic Values Developed ex-U.S. ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,287.40 | 0.35 | % | $ | 1.99 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,023.06 | 0.35 | 1.76 | ||||||||||||
Global X Guru® Index ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 1,302.30 | 0.75 | % | $ | 4.28 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.08 | 0.75 | 3.76 |
(1) | Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied 181/365 (to reflect the one-half year period), unless otherwise noted. |
(2) | Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied 171/365 (to reflect the period from inception to date). |
* | The Fund commenced operations on November 9, 2020. |
213
Approval of Investment Advisory Agreement (unaudited) | ||
Section 15(c) of the Investment Company Act of 1940, as amended (“1940 Act”), requires that the board of trustees of an exchange-traded fund (“ETF”), including a majority of those trustees who are not “interested persons” of the ETF, as defined in the 1940 Act (“Independent Trustees”), consider on an initial basis and periodically thereafter (as required by the 1940 Act), at an in person meeting called for such purpose, the terms of each ETF’s investment advisory agreement and whether to approve entering into, or renewing, each agreement.
At a Board meeting of the Global X Funds (the “Trust”) held by videoconference on July 30, 20201 (the “New Fund Board Meeting”), the Board of Trustees (the “Board”) (including the Trust’s Independent Trustees, voting separately) also considered and unanimously approved (i) the initial Investment Advisory Agreement (“New Investment Advisory Agreement”) for the Global X Emerging Markets Internet & E-commerce ETF (“New Fund”) and (ii) the initial Supervision and Administration Agreement between the Trust (“New Supervision and Administration Agreement”), on behalf of the New Fund, and Global X Management. The New Advisory Agreement and New Supervision and Administration Agreement are referred to collectively as the “New Fund Agreements.”
At a Board meeting of the Trust held via videoconference November 11, 20201, called for such purpose, the Board (including the Trust’s Independent Trustees, voting separately) considered and unanimously approved the continuation of (i) the Investment Advisory Agreement (“Renewal Investment Advisory Agreement”) for each Fund included in this Annual Report (each, a “Renewal Fund”); and (ii) the Supervision and Administration Agreement between the Trust (“Renewal Supervision and Administration Agreement”), on behalf of each Renewal Fund, and Global X Management Company LLC (“Global X Management”). The Renewal Investment Advisory Agreement and the Renewal Supervision and Administration Agreement are referred to herein as the “Renewal Agreements.”
1 | This meeting was held via videoconference in reliance on an exemptive order issued by the Securities and Exchange Commission on March 25, 2020. Reliance on the exemptive order is necessary and appropriate due to circumstances related to current or potential effects of COVID-19. All Trustees participating in the telephonic meeting were able to hear each other simultaneously during the meeting. Reliance on the exemptive order requires Trustees, including a majority of the Independent Trustees, to ratify actions taken pursuant to the exemptive order by vote cast at the next in-person meeting. |
214
Approval of Investment Advisory Agreement (unaudited) | ||
In advance of the Board meetings, the Board (including the Trust’s Independent Trustees) and the Independent Trustees’ independent legal counsel requested (in writing) detailed information from Global X Management in connection with the Board’s consideration of the Renewal Agreements and New Fund Agreements and received and reviewed written responses from Global X Management and supporting materials relating to those requests for information. In the course of their consideration of the Renewal Agreements and 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
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 Funds’ 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 appertaining 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 shares (including Creation Units) of the New Fund by shareholders and new investors; |
• | 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; and |
215
Approval of Investment Advisory Agreement (unaudited) | ||
• | 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 Meetings, 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
With respect to this factor, the Board considered:
• | Global X Management’s expected costs to provide investment management, supervision and administrative and related services to the New Fund; |
• | The management fee (including the proposed investment advisory fee) (“Management Fee”) that was proposed to be borne by the New Fund under the respective New Fund Agreement 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
With respect to this factor, the Board considered:
• | 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, |
216
Approval of Investment Advisory Agreement (unaudited) | ||
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 structures of any New Fund that was above the average or median for the New Fund’s peer group; |
• | 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 ratios 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 fee) 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 all-inclusive 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
With respect to this factor, the Board considered:
• | the extent to which economies of scale would be realized as the New Fund grows and whether the proposed unitary Management Fees for the New Fund reflected these economies of scale; |
• | the significant investment of time, personnel and other resources that Global X Management intends to make in the New Fund in order to seek to assure that the New Fund 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. |
217
Approval of Investment Advisory Agreement (unaudited) | ||
Based on these considerations, the Board concluded, at the New Fund Board Meeting, that the proposed unitary Management Fees for the New Fund appropriately addressed economies of scale.
Other Benefits
In considering each New Fund Agreement, 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 relationships with the New Fund. As a result, the Board concluded that, in the case of New Fund, in the exercise of the Board’s business judgement, all information the Board considered supported approval of the applicable New Fund Agreements.
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.
RENEWAL AGREEMENTS
In determining to approve the continuation of the Renewal Agreements for the Renewal Funds, the Board considered a variety of factors, including the factors discussed in greater detail below.
Nature, Extent and Quality of Services
With respect to this factor, the Board considered:
• | the terms of the Renewal Agreements and the range of services that would continue to be provided to each Renewal Fund in accordance with the Renewal Agreements; |
• | Global X Management’s key personnel and the portfolio managers who would continue to provide investment advisory, supervision and administrative services to each Renewal Fund; |
• | Global X Management’s responsibilities under the Renewal Agreements, among other things, to: (i) manage the investment operations of the Renewal Funds and |
218
Approval of Investment Advisory Agreement (unaudited) | ||
the composition of the Renewal Funds’ assets, including the purchase, retention and disposition of their holdings, (ii) provide quarterly reports to the Trust’s officers and the Board and other reports as the Board deems necessary or appropriate, (iii) vote proxies, exercise consents, and exercise all other rights relating to securities and assets held by the Renewal Funds, (iv) select broker-dealers to execute portfolio transactions for the Renewal Funds when necessary, (v) assist in the preparation and filing of reports and proxy statements (if any) to the shareholders of the Renewal Funds, and the periodic updating of the registration statement, prospectuses, statements of additional information, and other reports and documents for the Renewal Funds that are required to be filed by the Trust with the SEC and other regulatory and governmental bodies, and (vi) monitor anticipated purchases and redemptions of the shares (including Creation Units) of the Renewal Funds by shareholders and new investors;
• | the nature, extent and quality of all of the services (including advisory, administrative and compliance services) that have been provided by Global X Management or made available to the Renewal Funds; and |
• | the quality of Global X Management’s resources and personnel that would continue to be made available to the Renewal Funds, including Global X Management’s experience and the professional qualifications of Global X Management’s key personnel. |
Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Renewal Funds by Global X Management.
Performance
The Board considered the performance of each Renewal Fund. They examined the performance of the Renewal Funds for the one-year, three-year, five-year and since-inception periods, as applicable. Also, the Board considered the total return and investments performance of the Renewal Funds relative to (i) the performance of unaffiliated comparable ETFs and/or other registered funds, which performance information is publicly available from such registered funds, as well as other third party sources; and (ii) the performance of pertinent indexes. The Board considered instances of under-performance and over-performance with respect to the competitor funds. The Board also considered the Renewal Funds’ tracking against their underlying indexes in absolute terms.
Based on these considerations and comparisons, the Board concluded that the investment performance of the Renewal Funds did not adversely affect the Board’s approval of the continuance of the Renewal Agreements.
219
Approval of Investment Advisory Agreement (unaudited) | ||
Cost of Services and Profitability
The Board considered Global X Management’s cost to provide investment management, supervision and administrative and related services to the Renewal Funds. In this regard, the Board considered the management fee (“Management Fee”) that has been borne or is expected to be borne by the Renewal Funds under the Renewal Agreements for the various investment advisory, supervisory and administrative services that the Renewal Funds require under a unitary fee structure (including the types of fees and expenses that are not included within the unitary fee and would be borne by the Renewal Funds).
In addition, the Board considered expected profitability to Global X Management, as applicable, from all services provided or expected to be provided to the Renewal Funds and all aspects of Global X Management’s relationship with the Renewal Funds. In connection with these considerations, Global X Management provided the Board with financial information regarding its operations and the services provided to the Renewal Funds and discussed with the Board its current and expected, as applicable, profitability with respect to the Renewal Funds.
Based on these considerations, the Board concluded that the Management Fee rate paid by the Renewal Funds to Global X Management, in light of the nature, extent and quality of the services provided, was reasonable and in the best interests of the Renewal Funds’ shareholders.
Comparison of Fees and Services
With respect to this factor, the Board considered:
• | comparative information with respect to the Management Fee paid to Global X Management by the Renewal Funds. In connection with this consideration, Global X Management provided the Board with comparative expense data for the Renewal Funds, including fees and expenses paid by unaffiliated similar specialized and/or focused ETFs and/or other comparable registered funds. The Board considered the Global X Management’s detailed explanation of the fee structures of any Renewal Fund that was above the average or median for its peer group; |
• | the structure of the unitary Management Fee (which includes as one component the investment advisory fee for the Renewal Funds) and the current total expense ratios for the Renewal Funds. In this regard, the Board took into consideration that the purpose of adopting a unitary Management Fee structure for the Renewal Funds was to create a simple, all-inclusive fee that would provide a level of predictability with respect to the overall expense ratio (i.e., the total fees) of the Renewal Funds and that the proposed Management Fees for the Renewal Funds were set at a competitive levels to make the Renewal Funds viable in the marketplace; and |
220
Approval of Investment Advisory Agreement (unaudited) | ||
• | that, under the unified Management Fee structure, Global X Management is responsible for most ordinary expenses of the Renewal Funds, including the costs of various third-party services required by the Renewal Funds, including investment advisory, administrative, audit, certain custody, portfolio accounting, legal, transfer agency and printing costs, but that the Renewal Funds would bear other expenses not covered under the proposed all-inclusive Management Fee, such as taxes, brokerage fees, commissions, and other transaction expenses, interest expenses, and extraordinary expenses. |
Based on these considerations, the Board concluded that the services received and the fees charged under the Renewal Agreements were reasonable on a comparative basis.
Economies of Scale
With respect to this factor, the Board considered:
• | the extent to which economies of scale would be realized as the Renewal Funds grow and whether the unitary Management Fee for the Renewal Funds reflected these economies of scale; |
• | the significant investment of time, personnel and other resources that Global X Management has made and intends to continue to make in the Renewal Funds in order to seek to assure that the Renewal Funds are attractive to investors; and |
• | that the unitary Management Fee would provide a high level of certainty as to the total level of expenses for the Renewal Funds and their shareholders. |
Based on these considerations, the Board concluded that the unitary Management Fee for the Renewal Funds appropriately addressed economies of scale.
Other Benefits
In considering the Renewal Agreements, in addition to the factors above, the Board considered any other benefits realized by Global X Management as a result of its relationships with the Renewal Funds and concluded that, in the exercise of the Board’s business judgement, all information the Board considered supported approval of the continuation of the Renewal Agreements.
Conclusion
After full consideration of the factors above, as well as other factors that were instructive in its consideration, the Board, including all of the Trust’s Independent Trustees voting separately, concluded, in the exercise of its business judgement, that the Renewal Agreements were fair and reasonable and in the best interest of each Renewal Fund.
221
Approval of Investment Advisory Agreement (unaudited) | ||
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.
222
Supplemental Information (unaudited) | ||
NAV is the price per Share at which a Fund issues and redeems Shares. It is calculated in accordance with the standard formula for valuing mutual fund shares. The “Market Price” of a Fund generally is determined using the midpoint between the highest bid and the lowest offer on the stock exchange on which the Shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. The Fund’s Market Price may be at, above or below its NAV. The NAV of a Fund will fluctuate with changes in the market value of the Fund’s holdings. The Market Price of a Fund will fluctuate in accordance with changes in its NAV, as well as market supply and demand.
Premiums or discounts are the differences (expressed as a percentage) between the NAV and Market Price of a Fund on a given day, generally at the time NAV is calculated. A premium is the amount that a Fund is trading above the reported NAV, expressed as a percentage of the NAV. A discount is the amount that a Fund is trading below the reported NAV, expressed as a percentage of the NAV.
Further information regarding premiums and discounts is available on the Funds’ website at www.globalxetfs.com
223
Notes | ||
224
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 Third 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 20006-1871
Custodian and Transfer Agent:
Brown Brothers Harriman & Co.
40 Water Street
Boston, MA 02109
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-003-1000
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. Investments.
Not applicable.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable to open-end management investment companies.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable to open-end management investment companies.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable to open-end management investment companies.
Item 10. Submission of Matters to a Vote of Security Holders.
There have been no material changes.
Item 11. Controls and Procedures.
(a) The certifying officers, whose certifications are included herewith, have evaluated the registrant’s disclosure controls and procedures within 90 days of the filing date of this report. In their opinion, based on their evaluation, the registrant’s disclosure controls and procedures are adequately designed, and are operating effectively to ensure, that information required to be disclosed by the registrant in the reports it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms.
(b) There were no significant changes in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable to open-end management investment companies.
Item 13. Exhibits.
(a)(1) Not applicable for semi-annual report.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Global X Funds
By (Signature and Title)* | /s/ Luis Berruga |
Luis Berruga
President
President
Date: July 7, 2021
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title)* | /s/ Luis Berruga |
Luis Berruga
President
President
Date: July 7, 2021
By (Signature and Title)* | /s/ John Belanger John Belanger Chief Financial Officer |
Date: July 7, 2021
* Print the name and title of each signing officer under his or her signature.